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MONDAY (.0* 1243 MOV 1 5 S. Pat. Keg. U. Volume Number 158 New York, N. Y., 4229 General RAILROAD PUBLIC UTILITY - 'Stock, of payable tribution was and 23 cents 50 15 Nov. 158, p, 452. Robert all announcement: ■ of the board, the made recently This negotations said was to Corp.—New Officer and Director- annual the At the held meeting Charles and Oct, 13, on H. Votey was place of Forrest O. March, who resigned. dividend of $50,000 was declared, payable A forthwith.—V. 156, Hill R. A. elected to was elected a take 1202. p. Stock Montreal Exchange. share has been declared dividend of $5 per on Toronto Stock Exchange—Curb Section -vYv-,-, ■■ shr. Earnings per coma $1.52 for 1943 1943 V 50-Cent Distribution— A dividend of 50 cents the common share has been declared on per stock, payable Dec. 22 to holders of record Nov. 29. Distributions of March 31, June 30 and Sept. 30, last, and 25 cents each were made on on Months' April 8, June 30, Sept. 30 and Dec. 22, -1942.—V. 158, p. 855, / after Profit ■ profits ''Earns, & deprec. inc. Fed. <fc , * , $2,384,513 $928,151 $2.14 $1.87- share™..//- per . $5.51 $5.26 accrual ot This 1942.-V. of quarter was credited . 158, there 1942, overFederal income taxes totalling the profit shown lor the third estimated for reserves $106,478,20. V to was Co.—Earnings— 1943 licenses and service charges—1 L_— earnings (.nel)V Gross ti942 469,867 VV 30,215 for Provision Provision Net contingencies..;. and foreign income income Dividends on 3,681,603 2,651,034 638,945 750.000 14,910,358 : 10,154,394 $5,048,475 taxes $3,733,629 preference stock—,—;—...,———" 750,000 485,019 a sales..., on retroactive $1.73 $1.27 plant, selling and administrative expenses, but depreciation, amortization and depletion. tAfter Note—The the in does not include the undistributed net income of associated companies the audited (50 V equity owned in or the eral contracts and subcontracts under statute To directors The share the on holders of eumclative the applicable Fed¬ ! Pay Special Dividend on Nov. class 'A and'.class record Nov. B stocks, is of 75 payable payable in cents Dec. shares per 2 to of ,5V. stock at par $10) in the ratio of one share of preference stock to each 13 la shares of class A or class B common stock, with cash to be paid in lieu of all fractional shares of the preference preference stock. A similar special distribution was made on Dec. 17, year, as compared with a special of $1.25 per share in preference last stock on Dec. 17, 1941. - ~ of against as 1126., i 1 dividend a 7V 20. A of Dividend— share on payable Dec. $3.50 per stock, preferred distribution similar each $1.75 for. • the Nov. record be required to Co.—Preferred declared on ma was dp March 20 and June 21, on ' ' . 1, 1943 amounted to $38.50 per share.—V. . 158, ' - per "After com. all normal tax V. p. 158. sh.^_ V charges, and 1726. . $0.58 $2,740,998 SO.78 $6,075,321 $1.50 $5,404,405 $1.35 adjusted Federal excess profits t.axr provided in the 1942 Revenue Act,— including surtax . 1943—9 Mos—1942 1943—3 Mos.—1942 <'Net earnings$2,174,708 as ...y,V;*' - ' ;: ;■ Output of electric energy of the electric properties of this company the week ended Nov. 6, 1943, totaled 75,789,000 kwh., an increase for 0.10V of 1942 $9,953,788 7,428,652 $2,525,136 711,533 $2,474,632 755,007 Federal for and $1,719,625 $1,813,603 11,186 36,060 week r ■ the over output 1942. of $534,650 $1,755,685 Week End.— 44,767 403,000 - 1,321.000 n,401.000 $430,711 ''$413,262 "$1.34 misc, income profit taxes..::. . profit ' per share " tS0.47 y$1.57 "Adjusted, to reflect actual tax requirements at Sfpt. 30, 1942, after of renegotiation settlement: Amounts actually reported 83,640,000 273.800 shares out¬ standing at Sept. 30, 1943, after deducting 35,043 shares acquired ancl held in treasury at Sept. 30, 1943.—V. 158, p. 1126. at Sept. 30, > Oct. 23—.. Oct. . , the corresponding • 84,660,000 30—83,483,000 74,553,000 the las>> for . . 1939 1940 54,571,000 55,645,000 54.923,00<i 55,518,000 57,234.000 57,061,000 58,570,000 58,153,000' 68,808,000 75.789,000 ' . 67,999,000 75,731,000 6;..,. energy 1941 68,982.000 69,304,000 --V. 1.58, 1942. i Based on 1821. p. Americaii Wiitiiiff Paper Corp.—Earnings— '; Nct prolit ^rV——-VV ; providing $71,002 . depreciation, for f . interest $212,440 $172,651 $9,141 and Federal estimated taxes. income provides for estimated total Federal income ant I profits taxes at the composite rate of 63V for 1943 und 56.8V Note—This excess 1943—9 Mos.—1942 1943—3 Mos.—1942 Pgriod End. Sept. 30— materials outstanding lor of electric 74,301,000 75,084,000 for shares kwh. 75,731,200 1942 1943 16____ $1,859,029 3,974 V; _ of /vyV Comparative table of weekly output five years follows: -'v-.-'/'V'•' -:.v.V' 45,426 $130,128 V:.;,.:... V sales, on Products 9 Months Ended Sept. 30— "Consolidated Net earns, Earnings net 1942. Thomas report • H. V'V. . Blodgctt, essential Chairman the for states: continuing Increasing scarcities of raw of your enterprise operation together with the stringent allocation of such supplies as are available of many commodities, render accurate forecasts of operating results; and operating schedules impossible.—V. 158, p. 943. share . on aver. no. ^943 1943 $10,169,595 excess profit taxes 1942 $7,250,588 3,262,111 $3.50 of shares. 2,848.483 $3.34 deducting depreciation, interest and other charges, but before provision for income and excess profits taxes. Note—Provisions for taxes set up for the first 9 months of 56 V higher, for the period. Reserve for taxes in the first are of 1943 totals $6,907,484 ... : * the of as Chairman, compared with announced Profits before that $4,402,105 in this year 9 months the same sales increased 44#-' hi. were 40V higher over taxes corresponding period and net .earnings after taxes showed. a gain 14.5V, "Through our production of penicillin, blood plasma,. quinacrine hydrochloride, the anti-malarial substitute for quinine, and othey. products, we have been engaged heavily in war work;" Mr.-Brush states. "The 1942 business has already been renegotiated with the No adjustment of sales prices or profits was found The. company made a profit of 2,4V of net sales to the before tax. In 1943, although we have already supplied Government. necessary, Government Mossberg Co., Attleboro, Mass.—Offers to chase General Mortgage The and ; profits taxes Apco -Earnings Subs.) (& • earnings—. inc., surtax and per Corp. v..-.', . after foreign income and and Fed; the first 9 months of 1943. common This dividend 12. 9 Nov. 011 ' Earns, 1,522 ; period of 1942. Alvi'n G. Brush, — declared a special dividend 4 $1 $0.42 is believed or 1126. p. Service Public Sept.'. 20; .last, Sept. 30, 1942 were: Profit before taxes $1,814,262; tax reserve $1,186,-. 600; profit after,, taxes $623,262; per share $2.03, based on 308.763 less). provision has been made for the effect, if any, of renegotiation Government holders liro-ration 1 No ot $1.24 14,63 B American Rolling Mil! Co.—Quarterly Earnings— "After above as 158, accumulations of "After year, income net tax provisions as reflected for adjustments for •*iatement of $1,699,( $0.28 Period End. Sept. 30— $523,464 income disc, Net $3,318,621 of deduction deduction $807,074 283,610 profit American Home 6After 8,926 $1,817,907 : 415,008 $4,563,456 applicable to common stock— Earnings per share of common stock——— Net income before 5.390 $621,876 has been made Arrearages as at Oct. 1972 Sept. 30. '43 income Prov, 454,353 19,483 4.329,896 3,298,636 583,616 funded and other debt—.. for Federal 357/366 of 1943 $4,691,412 $13,071,222 3,884,338 10,596,590 ' , profit Total Int., $28,920,981 $21,609,605 * amortisation and depletion.—..— development expenses.y:J and process Interest charges on 22,406 87.285 2,492 profits tax.—V, to p, 9 Mos. End. Sept. 30 3 Mos. End. , Expenses Net Total 807,509 99,020 $441,822 Oct,, Other Sept. 30— Royalties, Research 165,366 20,250 share ;v cam. ptowsioii directors Nov. operating profit—.— --a $27,894,063 $20,602,277 Dividends, interest and discountsi.vr-;.V—526,836 533,492 Depreciation, 553.807 5,475 — 1943. an "Net Other 575,919 2,707 j)fd, div/.Vequire.; on p. American Cyanamicl 978,05b 185,602 1,827 . of income 10 ~ ----- Net sales Gross 9 Months Ended 596,931. 977,387 res.. inc. American The Federal Banks Member - • Period-- Cost of Silles months of nine first the ' $2,277,038 •"/*6n 432,825 shares outstanding, Note—During 649,792 53,101 propor¬ net per account American Machine & Metals, Inc.—Earnings— J " $807,503 219,087 140,811 .subsidiaries,: net excess 1943—9 Mos.—1942 , excess tax 208,791 ■ American Water Works & Electric Co., Inc.—Output— 1943—3 Mos.—1942 Period End. Sept. 30— of after . American Chicle Co.—Earnings— . 128,30V invests:. interests' tion 1975 -____^__19S3 System— Period 141,796 forgn. coining, eonsol. 1982 Reserve 569,873 39,855 inc. W ot Min. ——1983 Transactions N. Y. Stock Exchange —.1955 Transactions N. Y. Curb Exchange—— 1955 Stock and Bond Averages— 1955 Capital Flotations for October and Ten Federal 136,632 46,078 . 1" lor Sales—1983 Statement of Statement of Condition , 114,540 197,548 & Prov. „1971 Banks Reserve 1,169,790 $4,778,760 428,204 costs tax V Write-down Clearings-—— Condition Combined billings and net income for- the third quarter of 1943 include non-recurring amounts arising from adjustments of certain government' contracts that arc applicable to the first six months of .Note—The 1,727,645 $5,441,871. ——.——-1971 Foreign Exchange Rates—— and $1,059,983 369,633 etc. Depletion Redemption Calls & Sinking Fund Notices.1978 Dividends Declared and Payable.— .1978 of $11,725,000 for Federal income and excess profits $6,700,000 in 1942. fAfter provision of $23,120,000 Federal and excess profits taxes in 1943 and $17,804,000 in 1942. in . State and City Bond Offerings and 'After provision , taxes 1943-9 Mos.—1.942 S3,714.226 S3.608.97B $1,429,615 Depreciation General Corporation and Investment News.1933 Course of Bank Owned) More or $1,275,181 than U.S. for Xolft—-No The 80V 310,818 .— income Earns:., Co.—Earnings— Companies $962,363 employees' plan operating Prov. _l___1969 — Miscellaneous Features i • C':.4*2,697.94? income Net s'v-v'■ ■ . sub¬ & taxes incl. in taxes Total 1943—9 Mos,—1942 $ >S ; 55,732,642 206,498.730 143,923,003 "1,017,163 16,186,133 73,104,649 $0.57 $3.48 : $1.75 100.335,777 Hillings Exchange Over-the-Counter Markets 1943-3 Mos.—1942 Period Ended Sept. 30— Stock below. gen. exp., other Taxes,, 1969 Toronto the capital stock, payable Dec. 1 to holders of record Nov. 20. This compares with $3 per share paid on April 30, last, $3 per share on Dec. 23, 1941, and $5 per share on Nov. 10, 1941. No disbursements were made during 194'?.— V. 157, p. 1417. Allis Chalmers Manufacturing: been a Ltd.—Earnings— (net).'— under annuity _1969 — Dividend— Alaska Packers Association—To Pay $5 A to show the .acquisition of The GiUilfthd Labora¬ 1943—3 Mos.—-1942 income Admin. & Pay. —1968 1968 Montreal Curb Exchange ' Co., Subsidiary items income Total Exchange——1967 Stock bef. Other Pittsburgh Stock Exchange——__ St. Louis Stock Exchange.—__j——1968 '/i ' » Prof. —,_1966 1967 _ Philadelphia Stock Exchange— stockholders the have materials we items. _—1966 1967 Los Angeles Stock Exchange———1968 director to a many 011 • Pa., improves our position in the production of antitoxins. Likewise, the acquisition of Belle and Period End. Sept. 30— Detroit Stock Exchange Pays Dividend— Vice-President Marietta, serums obtaining of replacements sufficient sales consumer the. past 3 months (Including —1966 ——— Exchange Chicago Stock Exchange Cincinnati Stock Exchange— Cleveland Aeolian American Exchange Stock Stock Boston The 1029. interest and is operating the fields. be approximately $9,000,000.v."158, p. three-quarters consideration in 250 V' or resulting profit; the Just: year, ■ difficulties the growth than in all of 1942, months ' make substitutions and to 1945 Curb Exchange.—-i—u___1961 Baltimore purchase of the other the of spite 9 Government • American Metal ■ one-quarter interest of the Adams Oil & Gas in three fields in Chambers County, Tex. The Sun Oil Co. controls Co. the to Creamery & Cheese Co. at. Belle Center, Ohio, and the O. M. S Corp., guarantees a continuing supply of milk sugar for our companion producing infant foods and milk allergy products."---V. 158. p. 1237. Stock Exchange— York New New York 56,708 shares of .the common stock of that company." Pan American Production Co. recently concluded sold be low. to Center Page remaining assets of this company, with the exception of cash and other current items, have been sold to the Standard Ol Co. of Ohio the Cop)/ a Stock and Bond Quotations .:V The "In biologic Issue by them at a stockholders' meetng to be held in November, all for volume tories,. Inc., "Subject to "approval by stockholders and necessary corporate action to be taken the continues "During following VV/VV' the Government 150V more in of stantial \ Chairman 60 Cents MISCELLANEOUS - able OilA& Gas Co.—To Vote on Sale— Hixon, ■ for class B common class A and the on In Adams of 15 cents stocks and the usualpreference stock, payable Jan. 3 to holders of record Dec. 11.—V. 153, p. 855. share 1942 were as follows: Payments during ^nd May 15, 50 cents each.—:V, of record Oct. 30. A similar dis¬ last, as against 25 cents each. on Feb. 14, INSURANCE - Feb 14 each; and Aug. 15, Nov. 14-and Dec.15, 25 cents: 1943. May 25, Aug-. INDUSTRIAL - quarterly dividend of 12V2 cents per share on the 5V holders to made on share has been declared on the common per Price Monday, November 15, 1943 directors also declared the regular quarterly dividend The per dividend • Corporation arid Investment Mews Acme Wire Co.—50-Cent Distribution— A Off!co at bonds due 1956 to prices not to interest. will up to of general exhaust $60,000, value of the bonds, without; 120 Broadway, New York, N. Y., 1943, receive bids for the sale to it Empire Trust Co., including Nov. 30, mortgage Pur¬ Bonds— exceed 80V an amount sufficient to of the par the company. fund be exhausted, any additional general mortgage bonds received by the bank may, at the option of the com¬ pany, either be purchased at the same price or returned to the holdei's. All bonds purchased will be cancelled. The company in a letter to the general mortgage bondholders on Nov. 1 stated in part as follows: , "The current year's.' sales and earnings again show substantial improvement over the preceding year. Furthermore, the financial condition of the company at present is such that the directors believe accrued Should the This offer may be extended by purchase . the time has come to effect a further' reduction in outstanding: indebtedness. part of 1942 and the early part of 1943 tho outstanding' $53,000 of secured notes were retired. The present funded indebtedness of the company consists of S5,000 of first mort¬ gage bonds and $130,000 of general mortgage bonds. "The directors deem it, wise for the present to keep alive th»t "During the latter 1934 THE COMMERCIAL indenture consequently mature the which under these "These interest business. they market between 50 bonds, 1 and the second and portion a the for all no that it be would The mon ' declared 26 Oct. on 10 of 30 cents is announced that arrangements are being made to exchange capital stock for outstanding voting trust certificates in. the The voting trust agreement recently became subject to termination upon the payment of the secured notes during the latter part of 1942 and the early part of 1943.—V. 145, p. 4108. V. — 158, p. The week & ended Electric of Nov. Associated 5, Group 10,608,314 1943, of • ■ for units Associated Telephone Telegraph & .0 © 9 Mos. Ended Int. & divs. Other Sept. 30— received Total subs. 1942 $760,306 ___ $763,956 Net Ainortiz. of debt Balance disc. & Balance and cash receivable, in $518; pref. $1,368,466; $692,471 banks, total, Sept. (no $35,619 capital surplus, $1,544,110; $24,462,928.—V. 158, p. 765. ', • participating—no par value), $1,038,308; 25-year 5V2% deben¬ earned surplus, Southern Refining 9 Mos. End. Co. Corp, Net 121; Sept. 30— the continue income.:. oper. Record Earnings "For is domestic than railroad N. are: the for systems, before ever the on tank already under other production Baldwin of the way, A 1787. 1942 This it 1941 will not * Taxes Res. for taxes Insur. possible & & Intang. misc. devel. Depl., 111.899,627 85.144,742 4,616,105 8,645,321 5,220.365 250,000 239,900 269,283 1943—3 and be amort. 2,180,990 Oil of the 2,313,635 2,301,152 Depre., retire. & 2,166,510 1,557,365 1,734,930 1943—10 Mos,—1942 $ 10,728,026 13,138,704 99,998,388 100,675,045 for Bids a 1943 1942 *$303,374 1941 t$352.261 determined the on undeterminable 233 basis of for taxes taxes and and oilier $300,000 $723,973 the 1942 $5,358 the $3 Broad for the reserve of post-war 158, p. 1438. Callaway, trustee Street, Savannah, Ga—V, directors prior gun- 158, ' 1822, p. June 21, each Nov. on declared dividend a of $3.50 10 to holders these on 1943. 158, of issues Sept. $1.75 Nov. 20, 20. last, each Similar while the on March and arrears both on classes of prior lien 20 of and $1.50 preferred 1031. p. on distributions on stock $7 made. were in record on of payments are share per stock, $7 dividend series, and a dividend of prior lien preferred stock, $6 dividend series, both tne the $6 stock on 9 preferred on Dec. made were forg¬ lien Century t$195,526 Ribbon Mills, 481. 9 Mos. End. Sept. 30— Net • 1942 • profit and $5,302,183 $4,166,911 Inc.—Earnings— after Federal 1943 taxes___ $1.20 costs off: surplus fEarn, per shr. "Loss during $107,071 $79,124 24,796 26,108 26,765 $101,545 $82,275 $53,016 "$49^262 $1,01 1 on . $0.82 $0.53 Nil com. deficit. or 1940 . 22,267 $0.88 written '* 1941 $123,812 Preferred dividends $1,952,960 Inc.I 1942 deprec. 2,213,950 outstanding stock lease as additional $300 000 an for the purchase of $1,301,400 notes and the condi¬ lease contracts securing them. Bids will be received ip to 17, 1943, at the office of M. P. or per share payable 1342. $407,434 158, p. taxes__ for law contingencies, Noon, Nov. West The the 2,627,536 and for reserve tax Central & South West Utilities Co.—-Dividends— says. 1943 reserves $321,067 invited are o'clock of by 1940 "$545,625 1943—9 Mos.—1942 Sept. 30— to 746*291 9 George H. Stillman .have been elected Vice Sept. 30— provision tional sale Co.—Earnings— ' share bn 90 928 754 11,810,720 Central of Georgia Ry.—Bids for Purchase of Notes- the job affected $2,674,648 stock, 10 SI, par each cents Nov. 13 cents payable 30, 1942.—V. 158, 3 provision tOn "$22,497 100,000 shares outstanding. Condensed Consolidated Balance for Federal cents has 1, March on been last, 20 June 2, 18 each cents Yohalem Yohalem of has for been the elected 28. $100), Sept. five years 158, p. has member a E. of 1,736,839 ' legal 158, $614,503; U. S receivable—factoring accounts receivable, Government departments—- $2,090,781; cash payable—banks, for reserve $700,000; contingencies, common $25,000; stock (100.000 accounts payable, preferred stock 7% shs. no SI - (par $2,000,000; par), 1943 $843 - directors have declared an extra dividend of 25 cents per share quarterly dividend of 50 cents per share on the common the usual stock, par $25, both payable Dec. 17 to holders of record Dec. 7. Regu¬ lar quarterly distributions of 50 cents each were made on this issue on April 1, July 1 and Oct. 1, last. No extra was paid during 1942.—V 158 ' 1943—10 Mos.—1942 $3,855,706 $34,469,059 surrender insurance, $66,167; inventories, $1,114,267; fixed assets for depreciation), $1,338,539; deferred assets, $56,374; $419,600; The and 1943—Month—1942 $4,977,546 V, - other Sheet, at Sept, 30, llMtf hand, on notes Chapman Valve Mfg. Co.—To Pay Extra Dividend— Mount. the 1727. Stores, Inc.—October Sales Up 29.1%— Period End. Oct. 31— Sales and capital surplus, less operative deficit of $111,496, Sept. 30 822; total, $5.358,730.—V. 158, p. 885. succeeding J. been $2,200; Liabilities—Notes 370,309; July banks $75,900; total, $5,358,730. on Secretary— Secretary, past company.—V. the life reserve Distribu¬ 1239. p. of (less the on Nov. 1943. 1, in cost), manufacturers, record 1, (at value declared of March on Assets—Cash bonds holders to Sept. on made were share per Dec. Best Foods, Inc.—New Bond & 1,431,200 " 88.187,668 1728. taxes stock.—V. Mos.—1942 fLoss.—V. with 10 cents paid and July 29, 1943, and 10 S. Mr. 379.886 abandonments $35,346,265 947. p. , 1527. p. ' amortization operating 9,093,626 6,683,729 of income Income Net bef. applic, Uivs. on Bal. sales 9,164,653 1.608 444.000 444,000 444,000 1,077,220 8,719,045 6,116,334 com. of 4,948.062 stock income vLoss,—V. Prov. (inch tax__'_ 20,094,340 $4,624,586 42,861 124,343 $4,296,542 $5,045,139 "3.733,923 $4,667,447 $1,727,079 *3,057,000 _ - "3.341,350 "599,818 200,000 City of New York has been appointed par $100, and registrar of the has purchased Texas 158, $1,111,216 $1,326,097 on the Nov. The Milk the Tyler Products Milk Co. 257,239 257,239 head¬ 5 declared payable Jan. and 1 this on April on 1, dividend a 573,324 630,512 Jan. on 1. Oct. 1 cents record 2, Dec. April and Dec. 14. 1, 10, A July 1 1942.— have declared common 10. A stock, 50% initial cash $2.50, an par stock payable dividend dividend was of Nov. paid 35 on 15 to Aug. cents per of last.- 21, ended compared p. $438,346 30, 1,475,890 compared pounds with of mail 685,642 totaled passengers with 33,589 in 48,562 the same in during mail the the pounds period profits1 takes of takes-; Unci. t$2,771,000 The $277,000. 1943 Balance Sheet, $2,211,167 restricted $7,369,079; U. S. securities. $.949,882 reserve of Government $316,300; for costs in 1943 figure is '(Includes $3,170,700 giving' Sept. to .'50, use tax three, in the on U. fees and on contracts), last payable lincl, $756,626 accrued to (inch receivable Interest and and other "Sept. 27, '42 $7,223,403 8,074,825 7,044,598 $178,805 68.232 72,932 tProv. unsecured for est. income. & retirement serial $251,737 36,082 33,407 debt 4,971 of 4,564 notes.. 1,032 and 753 State 711 79,913 income taxes__„. 33,834 $110,545 "Consolidated with United States Stores taxes payable. cost-plus-, Initial Common Div . The ,$hare directors on the on This of this $959,000 The had Telephone Co. (Bait.)—Gain net a 60,000 Nov. 10 shares common stock (no par) was made investment banking underwriting group Kebbon, McCormick & Co., Chicago, and by headed an by Co., St. Louis, and including Hornblower Weeks, Courts & Co., The Milwaukee Co., Equitable Securities Corp. and Reynolds & Co. The offering price $12.50 was Company mon stock, to evidenced equipment payment due share. per intends apply the net proceeds from this sale of com¬ by voting trust certificates, to the purchase of to be reduction or July 31, 1945; used of on for and present present and bank working proposed loans new air an whose carrier Corp. tNo Nov. common 3 or other proper stock, payable initial Dec. dividend 10 to excess of 25 holders is mail passengers, in and Memphis, Tenn., between express New Orleans, via St. Louis, Memphis and Jackson, Miss.; Memphis and Houston via Little Rock and Shreveport. are on 23 proposed hearings have been extensions file of with the held the Civil company's on of any Aeronautics present 1943, amounted June to $260,580, for and 30, tively. 1943, and Dec. 31, 1942, For the year ended June 30, Chicago and Board system, been been added to net the earnings sal'e for ol as yet, two six month June 30, periods ended. $99,826 and $160,754, respec¬ 1942, the company earned $128,959. two airplanes to the U. S. Govern¬ does reflect covering but were aggregating $69,066, being carried on subject to later disposition. Had this not as and between its which credit cor¬ operates applications, Net earnings of the company for the 12 month-period ended this approximately $174,500.—V. 158, profits year p. the books item, the 1528, net less as a taxes income deferred thereon, would have 1344. Chrysler Corp., Detroit, Mich.—$250,000,000 Credit Arranged—The directors on Nov. 5 approved an ment an office $174,250 — declared principal of routes; aggregating $225,000 capital ment, loan_____ fixtures Fed. Ry. 18. nearest Potomac no $228,326 _ premium-funded disposal of Sandy Oct. amount the the —U. the reported. Big on 2,714 additional $160,094 and expense-secured Interest 6% Los-, $1,406,568 relating to cost-plus-fixed-fee contracts), $1,976,968; contract advances S. Government, $3,075,000; Federal income and excess profits taxes accrued, $5,456,657; dividend accrued on preferred stock, $57,164; C. company Company, expenses___...._. operating profit— for depreciation. Interest cost-plus-fixed-fee relating liabilities September its the Chicago & Southern Air Lines, Inc.—Stock Offered— Public offering of a new issue of voting trust certificates — profit Provision other $191,369, $2,130,274; is Applications Government notes, in was in Telephone Stations— 158, year,—V. Oct. 2, '43 sales, selling, etc., Gross Net S. O.'s Early of more disclosed was reduction gain of 965 stations in October, compared in October, 1942, and 3,280 in October, 1941. first 10 months of the year the company had a net gain of 16,442 stations compared with 27,340 in 1942 and 29.348 in the like period of 1941.—V. 158, p. 1528. in credit $4,263,141; unbilled costs on costplus-fixed-fee contracts, $2,168,111; inventories, $5,348,088; invest¬ ments, $1,637,610; property, plant and equipment (less reserves for depreciation and amortization of $11,803,407), $8,440,833; good-will, patents, etc, $4,052,682; deferred charges, $100,478; total, $38,621,322. Liabilities—Accounts of Discounts, commissions $4,925,000; bonds this months $8,234,919 Cost 1913 notes. 1944 the porate purposes. depreciation. accounts and and after outstanding. Big Sandy Chesapeake & in and (P. II.) Butler Co.—Earnings $3.48 stock three 1527. $306,956 $4.24 of & 9 Months Ended— $3.35 refund of Revenue bonds $1,800,000 and I. M. Simon & carried Sept. of $854,000 company 4% than more issue matures June 1, maturity. The amount of the issue outstanding, following the latest acquisition, is $1,727,000. ("Journal of Commerce" of New York).—V. 158, p. 1822. for holders by this mortgage to the with share per period last year, according to C. G. Adams, Secretary-Treasurer. Express poundage rose to 429,524 in the three months' period ended Sept. 30, 1943, compared with 211,899 pounds In the third quarter of 563,066 $280,653 of For 40 holders of to issue July of 257,239 577,260 issue Products with 1343. p. Corp.—To Pay 40-Cent Dividend— disbursed corporation months $1,127,261 257.239 first 1944, p., 1822. the Co. brings • 1631. p. 1942. com.iyn;.b;.$3.54 excess less transfer Revenues Up— $1,602,736 $330,041 capital billings and stock, 1943, directors share 12,695,149 45,018 . on Government fixed-fee 158, The 1940 $5,000,121 $1,164,542 Assets—Cash contracts), Acquisition appointed stock, 158, reported, Nov. on was 1, year, shr. war contracts) 1941 21.912,489 been Braniff Airways, Inc.—Initial Cash Dividend— 43.069 Consolidated S. amount Oct. $4,253,473 — and common like and 75,000 ______ dividends "Includes the $2.30 $676,200; V. 1942 25,065,364 exps._ dividends per post 1942, preferred Marshall, Texas.—V. directors record income Surplus 1942) $3.27 $3,108,800; Subs.)—Earnings— 1943 contmg. Preferred Earns, The 1726. p $5. par Agent— has same income Common $0.40 1943, stock, York The de¬ profit1_; income for Net 158, (& Sept. 30— income Gross tax New Co.—Acquires Two Milk Concerns— at quarters •;—$29,318,837 $26,912,610 $24,718,926 $14,297,885 &-other Federal 6,561,753 on $1.86 Federal of $5.—V. Borg-Warner stk. operating Other Borden the The company, it is Co. of Tyler, Texas, 1,359 444,000 •JCost of goods sold, livery of par 623,464 718 share 9 Mos. End. agent stock, 7,185,217 614,263 1,521,938 $4,511,800. Net 9,778,916 693,799 1,114 Atlas Powder Co. Net 2,215,737 5.393.176 per "■'Including 1941, 6,079,994 period Co. common common 501,488 int. appl. to common 685,290 stock..:.....: pfd. Earned 556,510 686.818 min. to the transfer int. chgs. for for Trust The Chase National Bank of the misc. charges income Guaranty agent 2,534,603 569,113 Interest The fix. net.) Inc. Chesapeake & Ohio Ry.—Purchases Bonds— 7,819,433 1875,376 .. Non-oper. U. 7,356,160 5,510,881 income conversion assets to 6,882,490 Booth Fisheries Corp.—Transfer Net In vol. i 6,877,481 a cornoration's $ provision for all taxes which includes profits taxes under the Act of 1941. tAftr S. 1,500,000 482,364 the 1,499,289 __ tAfter Corp.-pEarnings— the opinion of the executives, no profits tax is required.—V, 158, p. 1822. of staff res profit Dividends compares A. , add. eostS____ lease 101,084,627 1.500.000 of disburse¬ 11.800,442 1,338,262 9.228,737 sales.. p. -Balance per (The) 77,078,365 contingencies 158, excess by Charles E. Brinley-. its subsidiaries will con¬ . 1940 124,438,140 exp. directors future "After stated was $130,404 additions and 15 7,376,078 Cost:;, oper. & gen. Net on U. company and locomotives and engines, year-end dividend of tions 126,883,746 116,045,214 1943—Month—1942 — 3 Mos. End. D. represent books announcement products locomotive schedule, of the Board, The entirely, Note-—In excess (& Subs.)—Earnings— 1943 the initiation'of the all Carpenter Steel Co.—Earnings— the of associated Business order on profit total, 149,797,134 __ stock, represent electric President as • Victor R. Schachtcl and Presidents.—V. 155, p. 87. $15,000,000 making of ' Gross B on both (II. M.) Byllesby & Co.—New Vice-President— same Corp. approximately to Works depreciation, taxes, etc. common p. series, period. Sought— below.—V. -V. Baldwin, besides building locomotives, was a However, the 1944 locomotive program will of out __ May 31 Atlantic the Beau Brummel Ties, Inc.—15-Cent Dividend— Atlanta Northern Ity. Co.—Control & $1,163,407; per series share Chicago—October Sales Off- sales Retail, sales ! 12 tanks. "Deductions A. due May 1, 1955, $11,156,000; due to subsidiary com¬ $7,710; accounts payable, $6,582; accrued taxes, $12,963; ac¬ crued interest, $255,658; deferred credit, $47,444; reserve for erhployees' benefit fund, $56,100; surplus reserved for general contingencies, $225,- 000; to Operating profit after interest and Fed. series Commonwealth up 9 Months Ended pan, cents per initial common i Atlas of this for 1943, Army company . panies, See of most Barnsdall at $4 and t$l the on does'not (Including Century Factors, subsidiary companies, deposits, $82,500; accounts pfd. stock (par $1001, $2,928,500; $6 $3,669,029; $4 pref. cumul. stock (no pari, (cumul. 31 >/4 stock cents policy on that class of stock as contingent upon the future trend 158, p. 946. be unamortized 1st par), President post since 1937. Others their positions in the company business Period End. Sept. 30— from special of dividend Period End. Oct. 3i—• time. one of the "After $1; 1127. E. Barber Asphalt ; etc. of 31'A preferred stock, record Dec., 20. disbursement Butler Brothers, Wholesale with and name Odium, 158, p. 1943—Company Only due 158, p. building diesel ship propellers, mounts, hydraulic presses ana turbines, testing equipment, steel ing.? and castings, and numerous other products—V. 47,461 $166,671 $128,864 patent rights, $733,348; stock common 30, $699,575; $24,462,928. cumul. stock 47,110 agreed held constructed at Chairman 2 46,016 - $22,606,808; has has locomotive stepped 482,121 ' . 2) preferred of adjustment of Inventories and other contingencies.—V. reconverting $565,203 478,690 same B. amounting to production devoted Locomotive "Profit Sheet, $983,650; class A stock tures, $642,817 711 exps.____. expense, Liabilities—7% cumul. 116,348 467,227 . Assets—Investments, $340,179; take $681,552 .... surplus discount L. be greater 43,989 J. .... Jr., He tinue % .... interest interest (No. 4) and 10 10, June 1944, together with locomo¬ to During 113,873 (No. presently interpreted and after the setting up of producer $806,344 March steels. Production taxes- the Floyd sales Colvin, Jr., and and company $637,563 $761,375 118,558 _ and expenses earnings General H. under said has corporation announces that locomotives Army and the Lend-Lease Administration in lt'' '. ~:l 42.388 dividend non-convertible dividend Combined continue Colvin, Baldwin •1941 ■ June 10, 10, $1.25.—V. The . 1,069 income Debenture debt 1943 from income Operating ■' ■ March follows; Books— a Earnings 1 on as were 1726. tives Company Only— the "such will reserve ' - made were Creighton, Vice-PresidentsP. T. Wharton, Secretary; Iialdeman Finnie, Treasurer; John P. Thomas, Comptroller; Lorin Ferrall, Metalurgist; and John H. Abbott, Sales Manager.—V. 158, increase an alloy H. Devlin Gas is 127,376,484 that earnings,"—V. 28. its entire W. the This of with company. p. Associated the ikwh.), production report - Oct. will with Output— Corp. output units above ' 1821. p. Electric & electric net 8.3% or 158, Gas 137.984,798 was units ago.—V. year of per share on the com¬ holders of record Nov. 30. to 10 of Detroit, Mich., has been purchased by subsidiary of Atlas Corp., according to an an¬ a company year 7 W. 1726. trustees payable Dec. cents .each 75 on steel 1943—39 Wk.—1942 Associated Gas & Electric Co.—Weekly holders announcing ments $1 quarterly cumulative quarterly payment 15, 1943 , In of regular 5% .^.'.cumulative convertible Jan. 3 to regular dividend a a the usual payable State Payments during 1942 Company, steel per $22,541,151 $19,932,123' $62,365,702 $53,051,501 cos._ of Operations furnace store value, par operating organization, The Associated Dry Goods Corp.—Sales Continue Higher— 1943—13 Wk?—1942 earned company was acquired from W. Hv Colvin; Si\, and associates of Detroit. The sale occurred as *a result of Mr. Colvin's desire to retire from active business, the announcement said. future. Period End. Oct. 30— the and on the and The shares of Sales by sub. $1,037,710; 1, share Corp.—Subsidiary Buys Steel Concern— nouncement share on the capital stock represented by voting trust certificates, payable Nov. 15 to holders of record Nov. 8. It total, surplus, Monday, November Dec. reserves Rotary Electric Steel Co. per near paid-up $38,621,322. Sept. 10, 75 cents each; and Dec. Atlas American dividend no 10, last. and ' initial an stock, Sept. j, directors The and directors have declared Distributions both Initial Distribution of 30 Cents to Be Made to Stock¬ holders— credits, $128,375; .. the company were to offer outstanding issue at prices up to but exceeding 80 flat." deferred To Pay $11 Dividend— Taking fair $1,052,400; capital $6,094,413; surplus, fluctuated activity. 1950, $8,797,875; par), 1943. affecting the value of these securities, conclusion the of little 1, have to appears with Sept. on payable due for insurance and pensions, $990,625; reserve for contingencies, inch renegotiation of war contracts, $964,161; 5% cumul. convertible pre¬ ferred stock ($100 par), $6,859,700; common stock (263,936.25 shares, after bondholders if the to bonds months, recent factors reached have company purchase to not in 60 these of the various directors the value and account the However, notes and payments depending entirely upon the- current earnings of the No interest was paid prior to the current year, the first "The to disturbed. be not ul issued, were appropriated the sum of $60,000 of general mortgage bonds. non-cumulative as to interest, with payment being made on March into bonds mortgage have cancellation income are first securities consideration, purchase and the & FINANCIAL CHRONICLE cents of with Hanover the Bank per record agents, for a agree¬ National & Trust revolving Bank of Detroit Co. of New V. T. Credit, York, and as Central clearing available until THE COMMERCIAL & FINANCIAL CHRONICLE Volume 158 March 2, 1947, in the amount of $250,000,000, to be ar¬ Number 4229 ranged between the Chrysler Corp. and its banking con¬ nections throughout the country. . \ To Pay 75-Cent Common Dividend—The directors on Nov. 5 also declared a dividend of 75 cents per share on had disposed Northern Atlanta Ry. of all of its other operating sub¬ conducts a small interurban rail¬ Co. Continental Can Co., Inc.—Earnings—• (Including wholly owned subsidiaries) between Atlanta and Marietta, Ga. way , the Transportation 1943, sidiaries. 1935 Weekly Output— 12 Mos. End. ' Profit weekly kilowatt hour output of electric energy of subsidiaries this corporation adjusted to show general business conditions of The of before taxes Deprec. & served for the week ended Nov. 4, 1943, amounted to 244,compared with 221,711,108 for the corresponding week in 1942, an increase of 23,107,830 or 10.42%; The weekly kilowatt hour output of electric energy of subsidiaries of this corporation adjusted to show general business conditions of June territory served, Earnings 182,593 —V. $5, par payable each; and Sept. 14 and each.—V. 158, p. 766: 13, $1 Cincinnati Gas & •- The company of N. Y.—V. York, 1942, at. 158, the for the week ended Oct. 28. 1943, amounted to 250,compared with 220,422,422 for the corresponding week in as 9 Months Ended,Sept. 30— from operations £ Depreciation Cleveland, Cincinnati, Chicago Louis St. & Ry.— N. Y., Bank Trust Co.. & will until 12 o'clock Noon 1EWT1 bids for the sale to it of St. Louis Division bonds dated Nov. lit 1, 1890 to, trustee, Nov. on prices not to exceed 105 and int.—V. 158. Earn, share p. of 9 Mos. End. Net Sept. 30— Jan. $16,635,474 945,352 $l,182~7l6 $2.59 $3.40 share per ♦After all charges, including rehabilitation post-war $3.70 ; and Federal taxes, 158, for reserve Connecticut Period End! Coca-Cola Co.—Year-End Dividend of $1— The directors have and declared the no year-end a dividend of $1 per (Excluding Canadian subsidiary) +$753,636 U _ dividends Earn, per com. $282,397 99,375 99,375 paid 280,531 1.352,390 845,714 $255,427 $257,864 $1,151,121 $812,570 105,257 105,887 419,340 421.004 & maint. Net oper. revenue. income, Gross net.__.._ share... income $360,685 deductions- Income for Nil $1.16 . Net and State income of taxes of $258,710 and $363,752 - 72,561 $1,233,574 $1,570,462 296.790 77,331 312,710 500.000 contingencies.. „ , . income (£540,000 totaled aggregated surplus Balance $286,420 $773,671 $920,864 93,634 89,809 367,538 Colonial Beacon Oil Co.—New Official— Skehan has been elected a Vice-President this and director of restated for $196,612 comparative $568,278 $486,134 purposes.—-V. 158, 668. p. Consolidated Edison Co. of New York, Inc.—Output— company Nov. on ielectricity tricity that announced 10 generated System for purchased) and of output of Kesbec. Inc., both subsidiaries of the Standard Oil Co. (New Jersey). Mr. Skehan, who recently was appointed manager of the New York Division of Esso Marketers, joined the Standard Oil organization 37 years ago as a clerk.— V. 158, and week the ended compared with 152,200,000 kwh. for the corresponding week of 1942, an increase of 40.6%. Local distribution of electricity amounted to 205,600,000 kwh,, com¬ pared with 147.700,000 kwh. for the corresponding week of last year, an increase of 39.2^.—V. 158, p. 1823. 7, 1943, amounting to 214,100,000 kwh., p. director a 1267. 1943 1942 1941 Net sales & oper. revs._ $12,186,850 $12,812,160 $12,320,329 Costs, bad accts.. etc.__ 9.986,108 9,923,637 9,079,378 Depl., deprec., etc.-...— 925,914 871.510 729,878 It $6,382,039 5,035,620 548,454 402,181 425,510 333,662 509.334 522,779 428,268 $323,416 $1,105,499 $1,562,784 28,520 27.872 23.683 32,951 gold income Total Int. C. on F. bonds Int. — C. on bonds F. — Oth. int. Fed. & : $351,936 — I & !& the 27.459 Earnings 42 26 It + +539,100 +713,300 36,300 per "$161,702 563,620 563.620 stock... share anticipated that terms for the 563,620 563,620 $1.20 $0.12 50.7 i Coulter has Vice-President in pro¬ grams.—V. 158, p. 1823. Commercial Investment Trust Corp. (& Subs.)—Earns. Federal Earns, —V. 1943—3 Mos.—1942 $2,529,202 $3,684,085 $0.71 $1.01 158, p. 1240. $8,817,440 $11,285,985 $2.43 $3.10 the Solvents Corp. deposited will be Fed bef. (& Subs.)—Earnings- 1943—3 Mos.—1942 and 1,774,850 1,693,500 4,423,150 5,511,600 $527,016 $0.20 $1,988,629 $0.75 $1,670,927 $0.63 cxc. profits iaxes_______ v Net profit ♦Earnings per share $0.29 ♦On-2,636,878 shares of common Note—Provisions nine months and for Fedeial respectively, post-war refund 1942.—V. 158, p. Act of stock. bonds mentioned lowest prices in of excess excess gives notice that it proposes to apply up of approximately $1,200,000 to the pur¬ be declaration has Accrued interest on it considers available. which 1240. the of the amounts required, after profits tax, under the Revenue figures given in last week's Commonwealth & filed been with SEC the regarding the A The Raleigh Gas Co. proposes to sell all its assets to Charles B. Zeiglcr, of Gastonia, N. C., such assets consisted of property, real and personal used in the manufacture and distribution at retail of manu¬ of selling its the City of in of nominee) the in gas $217,870 cash all except (a) Raleigh, the outstanding company any parent company, income and Federal and on Southern Corp.—See. basic purchase price by the purchaser (or his obligations, and liabilities of N. C., for a contracts, existing at the time of the closing of the proposed indebtedness then owed by*the selling company to and (b) any liability of the selling company for profits excess 158, p. 1823, Southern Corp.—Seeks Authority the preferred stock of $1 per share was declared by on Nov, 9 subject, however, to an order of the of directors Exchange Commission. The payment is proposed to be made 28 days after the date of the Commission's order to the holders of preferred stock at the close of business on the 14th day after the date of such order. A distribution of 75 cents per share was made on preferred stock on Oct. 11, last. directors also authorized application to the' SEC for approval the Atlanta Northern Ry. Co. in'order to complete disposition by its wholly owned subsidiary, Transportation Securi¬ Corp., of its investments in transportation subsidiaries. By Oct. 1, The to directly acquire the ties and 5,251,737 $3,574,874 $3,449,940 $9,823,039 $9,638,484 340,245 221,843 1.158,765 981,698 15,614 : of 427,616 46,841 cer¬ exps. on - notes___. 11,625 for $3,595,087 ______ to $3,630,120 $10,453,052 $9,553,550 re¬ distri¬ use 303,944. . inc.—unrestricted $3,595,087 share.. com. provision and 2,779 900,000 accrued as per 39,160 2,704 war earnings 0Includes 18,790 1,316 300,000 income Earns, 6,915 1,813 post bution and 137,625 6.593 corporation stricted 34.875 ints contingencies line 49,045 2 min. to 833,960 —— long- on interest Net $3,687,397 $11,409,420 $10,567,073 debt Provision excess $3,326,176 $0.77 $0.71 estimated for profits .303,944 $10,453,052 State taxes based $2.23 income on $9,249,606 taxes. $1.97 also present rates. Federal Federal and State oil and gasoline excise taxes are not included in operating charges and the amounts collected in respect thereto are not included in gross operating income. The amount of such taxes paid for (or accrued) during the nine months' period of 1943 totaled $14,680,434, and of 1942 totaled Condensed $16,422,980. Consolidated Balance Sheet at Sept. HO, 194H Assets—Cash, $15,636,358; U. S. Government securities at cost, $3,585,056; notes and accounts receivable (less reserve of $180,000), $13,370,529; due from controlled companies on current account, $40,258; inventories of $18,596,975; notes crude oil and inventories, receivable—not refined products $1,803,778; other $525,711; current, (at lower than assets, market), $169,320; in current investments advances and companies not consolidated (net), $6,033,644; other invest¬ met), $5,820,288; property accounts (less reserves for depreciation, depletion, and intangible development, costs of $146,613,515), $81,093,626; unadjusted debits and sundry assets, $639,008; prepaid insurance, royalties, taxes, etc., $1,445,666; total, $148,760,215. ments and advances payable to banks due within one year, $600,000; payable, $11,831,160; due to controlled companies on current accounts account, $203,192; provision to for banks, taxes for the 1943 year accrued estimated liabilities, $132,016; accrued taxes including tax, $6,515,363; notes payable obligations—not current, $1,388,706; Federal $2,500,000; income purchase deferred credits, $264,272; minority interests, $101,600; reserves for insurance, annuities and contingencies (including provision for post¬ war contingencies of $900,000), $2,783,235; capital stock (par $5), surplus, $49,102,900; earned surplus since Dec. $23,692,967; capital 31,1932, $49,644,806; total, $148,760,215.—V. 158, Coin Products Refining 113. p. Co.—Earnings— (Including Its Subsidiary Sales Companies) 9 Mos. End. Sept. 30— Profit from 1943 income Total Fed. 1942 operation.., $16,665,928 1941 $8,428,408 taxes. 803,602 1,281,441 1,539,039 $17,606,749 Income and State $23,637,672 $16,761,073 $9,967,447 *10,572,158 *16,120,170 ; 1,125,000 $5,909,591 °8,273,696) 1,125,000 ________ profit 1940 $22,834,070 $15,479,632 940,821 Depreciation $6,392,502 dividends 3,898,431 1,125,000) $7,362,376 $6,069,016 1.290,093 1,290,103 1,290,125 1,290.124 4,924,699 5,433,182 5,692,500 5,692,500 t$305,202 +$330,783 9,786.802 9,847,016 $9,481,601 $9,516,233 _ dividends Surplus Surplus, Dec. . Surplus, or any- 31 Sept. Earn, per sh. 000 shs. $1.83 $15,238,598 $15,674,618 iv-% $2.01 $2.40 $1.89 $5,260,000 in 1943, $11,200,000 in 1942 and $3,735,000 in profits tax and $902,158 in 1943, $1,020,170 in 1942 and for excess $1,125,000 +$913,608 16,588,226 -"-yv">'.■■■■' stock $25) (par 1941 30 $379,752 14,858,846" 2,530,- on com. 'Includes in 1941 for taxes other than income. tDeficit.—V. 158, 1439. p. outstanding securities of The Raleigh Gas Co. are owned by Con¬ and pledged under an indenture securing certain bonds, as¬ by Consolidated Electric and Gas Co., known as Federated Crown solidated Utilities, Inc. first lien collateral trust bonds, 5'/a % 1, 1957. The Consolidated the form of either in in the p. by Raleigh of payment are Drug Co.—October Sales Increased Month of October— Sales —V. will then retirement of bonds by will be held Nov. the purchase there¬ 15 before the SEC.—V. ' 158, ' Consolidation Coal Co., Inc. Gross operating Reserve for Federal Depreciation Federal $968,990 $3,227,160 profit 165,836 $997,386 $3,392,996 100,247 224,433 339,907 339,'274 865,101 depl._ 274,214 450,658 Earn, per share__ com. 158, .p. $454,765 . , $0.92 Nov. 19. March 25 have stock, 'After 914,582 ended 243,009 1,140,080 $1,163,382 $1,276,009 $2.32 declared and Dec. 28, par $2.56 a dividend of value, 50 for Dividend— cents per share 1942.—V. 158, 551,600 % p. 669. $464,398 $1,628,386 —40 Weeks Ended— Oct. 3. '42 interest, depreciation, $448,639 Federal before provision for Federal 9, 1943, amounts to income '.085%'; • Oct. Oct. 9, '43 $66,184 $144,915 income the Oct. 3, '42 $277,751 and tax all other ... income tax for the 40 weeks $932,$12,;find, compares with $505,002 1729. corresponding period of 1942.—1,58, .p. fion. Pays All Arrearages- per $8 directors cumul. record on Oct. 9, '43 charges. Net payable Dec. 6 to holders of record This compares with 25 cents paid on Sept. 17, last, and on no 51,114 100,000 —12 Weeks Ended— 1130. directors 8,421 $3,403,989 income 7% common 72.000 168,016 ______________ 2,331,100 Cushman's Sons, Inc.—Earnings— 972,373 $314,856 $0.61 Crown Cork & Seal Co., Inc.—Larger The 1941 544,819 1,955,500 tax earnings 2. 158, p. 1729. The the 1942 $36,923,493 $37,944,385 .5.527,505 prof, tax Period— $3,502,871 taxes inc. Net -V. 81,925 73,018 __________ excess $3,420,946 28,396 ' Net —V. and income income on (& Subs.)—Earnings— 69,137 ■_/ 1943 $46,216,525 revenue Reserve for State income taxes., $1,183,519 — (& Subs.)— Earnings- Nine Months Ended Sept. 30— Reserve for Federal Interest $890,821 1529. Curtis Publishing Co. be . Other income. 1942 $906,358 158, p. Earns, bef. Fed. & State taxes on the matter 1.7%— 1943 inter-company and market. open hearing 1823. sale liquidating dividends, latter company bonds and used to effect the of series, due March to be paid over to indebtedness or in deposited by the with the. trustee under the indenture securing the above proceeds of the "Chronicle" are V. Securities and the 238,786 5.623,942 $3,915,119 bank Other assumption Period End. Sept. 30— 1943—3 Mos.—1942 1943—9 Mos.—1942 Sales, royalties, etc $10,064,555 $11,169,265 $28,273,461 $34,109,856 Oper. exps., taxes, etc._ 8,881,037 10,200,275 25,046,301 30,688,909 $1 Preferred Dividend—Proposed Acquisition— dividend 276,332 1,813,784 (net) exp. Applic. 596,054 83,393 1,812,783 income *Net board the 809,638 following transactions: $1,252,656 to Pay 145,367 leaseholds Net . & 222,668 sale Common . Commonwealth 5,163,076 5,658,723 leaseholds. 92,977 Preferred — 30, 1942, were about $517,000 1345. weekly production of 57,291,903 5,210,739 5,324.571 retirements, on term funds of Consolidated. paid out of other Raleigh Gas Co. Assets A Commonwealth Edison Co.—Correction— The those 61,970,641 1.768,882 2,187,540 income Interest sum in the over-the-counter market, of such bonds, will acquired so To Sell « income and excess profits taxes for the and the quarter ended Sept. $156,000. deducting $6,411,779' $7,182,527 $2,220,516 $768,305 inc. Federal 19,43—9 Mos.—1.942 $2,543,155 taxes„;__. 19,840.059 2,271,408 Other sumed Prof. 22.272.319 & tain the trustee thereunder, or to reimbure of the above bonds of Southern Cities by purchase, employed. Consolidated above the at All Period End. Sept. 30— Other Profit Net 1943—9 Mos.—1942 1942 admin. Depletion to Subs.) —Earnings— -3 Mos.- prior years. , Commercial amount the indenture, the chase, through brokers, sale taxes share.. income per com. 1943—9 Mos.—1942 the and presently pledged under the sale will be made on or about ' -V- ^7%%- to be Accordingly, to factured Period End. Sept. 30— Net profit after chgs. & the the SEC, by order entered on Oct. 27, has permitted to apply such sum to the acquisition of such bonds, upon however, that the company notify the holders of Southern Utilities Co. bonds of its intention to make such purchases and method A charge of (& 1943 $32,227, 035 $29,288,965 $89,038,902 $83,838,764 .;... costs, company the 1943, System, Inc.—New V.-Pres.— elected been & develop, Deprec. condition, Nil for excess profits tax of $48,300 in of purchase company for Utilities Co. and 1942 and $422,500 in 1941.—V. 158, p. 1240. Columbia Broadcasting Douglas $679,164 ■ tlncludes provision <!Loss. $400,250 $79,237 receive 'in to sold by Consolidated, is the available 410 107,300 chgs. taxes Co. Liabilities—Notes $1,200,000 in cash, which the payment for the stock of Peoples Gas io. Under Cities 137,940 137,940 137,940 Oil income Surrendered states: will approximately of sum to be indenture. .. 137,940 Net $304,900 in 56,037 Corp. inc. profit Shares capital $68,985 56,037 there that expects about Co., the "r I. misc. State $1,586,468 56,037. _________ & $1,133,371 To Expend Trust company Nov. Co. -L— — be deposited with Central Hanover Co., trustee of the 30-year 5% 1st lien and coll. trust bonds series A of Southern Cities Utilities Co. (assumed by con¬ expected & the . (Inc.) ■ solidated), $36,034 " Income is Bank 477,934 exps._ profit. oper. Other Gas Co. & George E. Devendorf, President, 1940 30— 473,479 Ordinary taxes Selling & admin. Net Consolidated Electric $1,200,000 In Purchase of Southern Cities Utilities Co. Earnings— Colorado Fuel & Iron Corp. (& Subs.) $2,82 to controlled Bonds— 3 Mos. End. Sept. 2,853,971 $2.51 1,980.006 elec¬ , company 2,583,971 Taxes 352.586 $194,490 to surplus— ♦Figures Nov. 2,583.971 $1.87 $1.63 expenses * Intang. income The Other income amounted to $17,459. As of Aug. 28, 1943, the company s earned $8,138,774,—V. 158, p. 84. 2,853.971 1729. p. oper. Net $288,124 of net inc. Total reserv. +Net profit provision for Fed¬ $.1,534,887 for this 5,941,719 $8,944,485 share-.™ oper. Pipe period. H. 1943—12 Mos.—'61942 $6,119,178 $4,506,347 3,201,026 2.449,258 414,641 398,806 depreciation and Federal and State income taxes. from operations before depreciation F. 1943—3 Mos.—1* 1942 Sept. 30— Statement 259,049 ■ Aug. 30,'41 $1,300,320 100,500 $2,15 Aug. 28,'43 Aug. 29,'42 profit Preferred 158, Interest Lighting—Income & (& Subs.)—Earnings— 6 Mos. Ended— eral Railway par Collins & Aikman Corp. ♦After 484. p. depreciation... Prov. "Net 158, revenue exps. Other 9,482,191 $7,381,502 stk. common per Net oper. income a $1,324,799 685,674 100,730 quarterly dividend of 75 cents usual share on the common value, both payable Dec. 15 to holders of record Dec. 1. .A year-end distribution of SI was also made on Dec. 15 of last year. —V. 158, p. 1729. snare stock, $0.21 $1,512,426 894,697 103,253 Operating Oper. 1031. p. 7.943,653 $5,353,762 par)...^__„. Costs, — declared have 1941—V. 31, $69,134 $1.25 special dividend of 25 cents per stock, no par value, payable Dec. 1 to holders 15. This compares with a special of 50 cents paid on special of 40 cents on Jan. 31, 1942, and one of 25 cents Nov. Prov; for per $408,564 ' Total prov.. for taxes— estimated contingencies.—V. for ••'($20 funded $32,832,343 profit1,299,070 Earnings taxes.—1,115,475 1941 1942 1943 sales——.—_ record on 9,518,990 $4,644,167 common June 30, last, a Cleveland Graphite Bronze Co.—Earnings— "Net the on 1942 $345,674 156,520 120,000 $5,255,818 131,779 — directors The exhaust $54,214.61 1940 & Period End. Sept.. 30— 1943 — share per Special Dividend mortgage 1st collateral trust amount sufficient to an Broadway, -New 15, 1943 receive 70 of Gross ■ • —2L-- - Profit Central Hanover York, ' and excess profits Federal income Tenders— The inc. taxes— Net profiL__ ^ Shares Inc.—Earnings— (Including Domestic Subsidiaries) Profit 886. p. est. profits 1941 29,760,171, or 13,50%.—V. 158, p. 1729. increase of an Conde Nast Publications, 1, 1943, a total 105xk and int. trustee, One Wall St., Trust Co.. Irving excess 1942 $14,163,157 $13,297,415 $11,863,693 $14,886,204 as Continental Called— Co.—Bonds Electric 14, 75- cents Dec. territory 818,938 has called for redemption as of Dec. J.st mtge. VM'/t bonds, due 1967, at $71,000 of Payment will be made New 1943, to 14, Dec. Nov. record of *1943 ; 19, 1943. Similar distributions were made on March 13, June 14 and Sept. 14, this year. Payments during 1942 were as follows: March 14 and stock, common holders Sept. 30— deprec. & Nov. preferred This 15. share and all 4 Nov. on declared stock, arrears of $7 per share on the payable b'ec. 1 to holders of quarterly dividend of $1.75 this issue. No action was taken on the par the covers on a dividend $100, current cumul. preferred stock. Distributions stock on March totaling 1, $3.50 each June 1 and were Sept. 1, made this on the year, 7% and preferred on Dec. and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher; William Dana Seibert, President; William D. Riggs, Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue-on Monday], Other offices: Chicago—In charge of Fred H. Gray, Western Representative, Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William B Dana Company. Reentered as second-class-matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year. South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year, NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds. The Commercial 1, 1936 THE COMMERCIAL & FINANCIAL CHRONICLE 3942, while in, each the of payments of preceding quarters 12 {jbn Arrearages $64 amount" to share preferred Dec. of as $2 per share on Dec. issue was 1, stock, 1935.—V. 2, 158, payment 1942 $2.32 $1.55 $3.88 ."follows: Period End. Oct.-31— 78,368 134,502 1,577,190 profit 1943—3 Mos,—-1942 1943—12 Mos.—1942. $$460,769 '$$2,142,043" ••. $227,727 - share per com. "■Before provision Stale income taxes $608,572; taxes, $1,798,025 / 480,767 profit without at ance with operations, $8,330,010; other deductions, $211,931; bal¬ $8,118,079; miscellaneous other incomer, $54,140; total, $8,172,220; estimated Federal income and excess profits taxes less post-war credit, etc., for and applicable to the .calendar-, Federal consideration S. amortization of excess profits 1942.. been -, ,,, computed post-war for credits;- which will be-determined subject, to renegotiation • of; contracts 1943 Government. ' ■ , Net 1943- A. Downey,; President, in letter to stockholders'states: Company lias completed the renegotiation of wits 1942 business. In September, "1943, an agreement was reached ■; with the War Depart¬ ment, Philadelphia Grdnance District, Hriee Adjustment Section, .wljereby the company agreed to refund to the War Department tlte $4,470,027 sales Net profit from operations / - 1941 1942 $6,693,627 $5,705,480 238,694 327,969 282,331 sum " taxeS/& profits excess 228,525, / 113,7io , 150,810 of tion Less provision for Federal income,& . 403 Act, Net ; $99,444 Income share------ Earnings per common charging $23,041 for depreciation and $26,419 in 1942.—V. 158, p. 1729. $0.50 , 1942, the the the As Decca Records, Inc.—Earn ings1941 1940 $519,651 $248,964 388,325 388,325 388,325 $1.75 sha res,..u./ $1.43 Earnings per share—. * After for reserve * Federal profits taxes excess 1942 and in life June (including The 1941').; first recently announced refunding bonds where -tender The expiration date of the period for delivery of bonds tendered Oct. 29 (see V. 158, p. 1439).—V, 158, p. 1823. See Machine Tool Corp. •below.- -V, Diamond Alkali Co.—No Tim directors have declared share ■per of Dec. Nov. The but 27, took ization * par" $20. action no on Dec. 130. and expansion made advisable.—V, 158, the for reserves this omission of the post-war V. Period End. Oct. 31— : The above stores,—V. sales 158. include those of modern¬ A the //: /-■.///"/ •'. "16, ."Excess "profits, profits "The have "On the 12 not is believed Months Ended after V sh. per div. Sept. the set reserve of class coin, Co.- *>Before •f45'.; share.;; with to respect profits taxes. •excess Dome Mines, 9" Mos. Ended Bullion •1 levelopmeni, and surtaxes 1943 : $643,159 $2.16 and 90'; profits taxes. with respect excess holders profits the 1940 2,023,497 2,0.60,100 982,300 983,127 1,346,754 Outside explor; Reserved Foreign for 171,285 29,288 30,000 22,717 /.;/ Net $1,899,317 $2,430,770 492,549 470,527 est.— $2,188,581 ---- share..-.- 1,946,688 shares $2,391,866 - , V. 158, Dow p; (value 134(5. ; - ■ Chemical $2,901,298 of .tor each Nov, lu. <>f (50,000 stock, $105 a $1.49 $1.56 capital stock, • Oct., 1943 //V/' in the $501,719 new share ol . ■ underwriting agreement'between the company and Smith, Barney was signed in .Newt York on November 8 whereby any of the preferred stock not. subscribed by the common stockholders will be <aken up by the bankers for subsequent public, offering. The common stockholders until 3 There p.m., 80 underwriters Nov. listed to 22 exercise for the Dov; of their Chemical preferred stock to the common stockholders. Barney & Co., other principal members of the iP'otip are Morgan, Stanley & Co., Dillon. those 1943, 5'r Read & Company's by underwriting Co., Kuhn, Loeb & inc. alter Fed. ' ot' $0.11' i- 17.4 5.2 any for Federal income * • com¬ ' ; for present by the become the. the the time same payable be become upon has to no of $100 •A provisions of to are preceding fiscal in of decreases - in that at year. Nov. 30, oi extra 25 oi dividend companies, of a present/intention 4T ■' ;-'• 50 per of share $1 per have U. Est. ' cents was disbursed on to S. S. leered exc. taxes Sept. record last.—V, 1, stock, common p. .. ■ dividend of - 50 stock, no par value, ments June marie 25, 75 cents per share has dividend of 25 cents per •stock, par $1, payable Dec. 21 payment this year was same 25 cents declared An prof, down each were p. -1440.- made on to declared on the holders of record Dec. 6. amount March 20. Sept, June ' 20 22. 181,280,507-167,386.263 28,080,201 86,365 26,775.210 V; 649,828 8,127,170 27,425,038 3.396,000 / 1,664,520 1,712,000 2,615,000 10,996.000 profit tax ■ , on 6,200.000 4,712,000 . •9,600.000 ... 302,000 276,477- 795,000 //:■ 580.000 269,000 1,523,672 957,000 3,302,173 9,398,366 8,969.208 168,750 506,250 pre- •/■/::' •/. i 506.250 upplic./ to 3,013,085/ share 3.133,423 8,892,110. 8,462.958 of stock other ; $0,544 adjustments Motors totaling General Michigan no with $0,597 $1,605 si;gix in at the the at end fiscal of first two As year. quarters the of provision 1943, present Time suff icient t o cover Corp.—Subcontracting in Michigan- $384:307,433 Motors stood General business in'1942. first Motors, in with the the among States accounting 1942.1 It . for also was corporation. in 39/ over the 1939 figure. In Number 1919, of 3,516 of in suppliers furnishing "war materials or 1.942 was ,26'f of the U. S.-total and .in dollar 28/ first and volume the U. number services to business total firms Motors increase: of an transacted 1857. of doing subcontractors General represented p. of S. of Michigan companies ness totaling $206,120,130' with GM.-V, 158, • ■ busi¬ . General Precision Equipment Corp.—Earnings— 9 Months Ended ♦Consolidated .*After of tax 1942. '• 26,306,208 - were received by- 4,913 Michigan f;nns according to an analysis just completed /of the corporation's purchasing records.. This was, an increase of 86'iover the figure for 1939,,last normal year of peacetime business. •••/.■ common 19 407.093 • & stock General extra Distributions and: Sept. 25,899.115 . 168,750 per and orders common ..... 25,702.156: totaling possible and other year-end adjustments; no. provisions is being made for contingencies in the third quarter.—V. 158, p. 1857. ■■'y Only other on - T942 inventory writedowns Pay 25-Cent Dividend— share has been •' -: 3,181,835 ,$1,390,572,624 the v > 9 Mos 7,436,887 8,591,835 contingencies made $1,523,672, is considered 670. on — tax for payable Jan. 1 to holders of record Dec.-15. Pay¬ during 1943 follow: Jan. 1, 50 cents; April 1, 25 cents; cents; and Oct. 1, 25 cents.—V. 158, p. 1347'"•■•: Fcrro Enamel Corp.—To —V.. 158, been 1943 . Faultless Rubber Co.—-50-Cent Distribution— ■/>• V A 1 and Canada ^Including proportionate share of profits or losses of subsidiary /companies not consolidated/ " tProvision for possible inventory write-" ... ,, Nov. TO 158; S. 8,040.805 stock common >- ' 'r/ . & income divs, ■Net "■profit from . v — 9,643;160 income common other • 1531. gen, exp. surtax) lor Net but subject to to .compare favorably the on held Nov. 10,- V. 158, p. was 57,287,334 Net" profit - and declared reorganization*. 301,846 foreign Prov. . -Net working capital is now 1942,'and the increase, is-re¬ holders of plan of 41.809,642 126,416.096 115,784 992 •profits tax tProv.. lor contingencies • 4i% rate, of , lo 61,343,436 contingencies Est. calling in'all regis¬ a proposes > 43,410,287 income (inch "share and the usual quarterly dividend been 1 proposed 1943—3 Mos".—1942 charges Est.) U. government/obligations. • Cash also increased substantially -* as' a" other current asset accounts.—V. 158, p. 390. ■ both,payable Dog, General sales load. proposed plan of reorganization which, in effect, will l-esult in their Corp.—Earnings ol"goods sold, infreight charges .Profit" before special of- the tins' a terms of the the application on •5'SeIling, adm., , cents par. value, a (Including wholly owned subs, in U. • the & Co.—Extra Dividend— which of of fiom consummation« call cltfd. and - in Net./sales of share expected to. permit The company, certificates. per the adjustments, Act (ct •/:.,/■:';-'•'/.., hearing Cost , stockholders/covering . said company/ . exempting it the"imposition directors, share entitled at order an >/ Colony— * stock/ which is .dividends, would one 1277. p; 8,289,989 exchange of redeemable letter corporation holder of investment Period End. Sejit. 30— the - common'stock accrued 1940'for (d» without investment Colony is and of '80.10 amounted ' to registered open-end investment application pursuant to Section 6 Preferred board and to 680.470 1,578,697 $0.50 a an lo . 5 "c- preferred share and per closed-end its shares "Other stock Corp., Company Act of Under the 1941, -f 9 1,301,010 /,/ the 1943 iieriod $1,515,161.- -V. 158, in period $986,188 1,578,697 $0.40 .. taxes 1942 combination, .: - , $50,252; 1942, $8,366; and Nov. 1.240,826 General Foods '• $1.09 tax produce proposed transaction with Old Colony Investment Trust, both 1941 ,/« aircraft to for redemption all of its outstanding debentures is to pay or make provision for the payment of all of its liabilities other than liabilities to its shareholders as such. Thereafter* all, of Old Colony's remaining assets, (except a small cash reserve) will be. transferred to General in exchange for shares of General which, taken ■at net asset value, will equal the market value of the assets transferred.. Old Colony will then liquidate and distribute the shares of General, to¬ ils shareholders,' Adjustments for fractional shares will be made fronv the cash reserve. 23.5 - new $2,816,177 1,578,697 Old —♦ t $0.21 R • taxes/ The proposed transaction is part of of fOn 1,23T,500 shares ' S3.143.000 outstdg,.... / ;. Federal Capital t ' profits taxes. preferred of a tered Pet.: . $0.20 but; before -and Amount 1942 Income stk. com. filed with the SEC •issue - of 203,763 $0.21 depletion and taxes per^-common share-—.. provisions of Section 22 '. ■' inc. R,__,;,„___ Investment a plan at government An subscription Headed : • ' - Sept. 25,'43 Sept. 26/42 Sept. 27/41 Federal : General p. $133,474 ;; : $254,049 ) $1,347,260 was however,., the the 170,959 $0.09 f ■_ General Capital Corp^—Deal With Old •. , of $6 per share, stock would for 71,881 $0.06 % Baking Co.- Estimated Earnings— before Note—Estimated • providing $105 Fairbanks,,Morse A arc ; - -Earnings— excess i $1,902,174 and in the corresponding 4,916 larger holdings of cash obligations have , offering .Smith, have Net 15,- . 28,298 19,587 larger than exchange preferred Co. rights. ■ the 1943 share the year-end 47,568 _ charges, , preferred of business preferred for the outstanding 5',t inc. (est.) taxes, and result new . . • with annual and An 3c compared 79,053 flected one Net Light- Corp.;, and 94,605 approved at and *$2.4i including depreciation for taxes.—V. 158, p, 671. Earnings <•' *•••". ? 162,595 somewhat fiye shares of common stock held at the close Approval was also voted for the share for share shares of the with that present with Preferred ratio -ol ...y~ preferred audit / Co.—New v. corporation's charter would respects apply without change to the 4'/ preferred stock. • Earnings for the current fiscal year, after Oct., 1942 $471,514 profit, General has * Power- ■ plan time $1,926,648 $2.73 39 Weeks Ended— 48,041) annual The J; - Sept., 1943 of$470,046 share as 575. each of $2,182,539 $0,80 ' corporation recently announced it has organized a manufacturing company/ the Airborne Transports, Inc., large troop gliders on the Pacific Coast.—V. 158, p. 888. stock for redemption. The usual quarterly'^dividend at rate.of 5T would be payable on Jan./l, 1944, and,quar¬ terly dividends thereafter would-be payable'at the meetings of the stockholders and directors held or. Nov. 8 plans were approved for the sale.of 24.9,741 shares of new $4 dividend cumu¬ lative preferred stock, series A, to be offered to the common .stock¬ at % 99,521 after dividends; 4',. Al holders «.•v " 1942 preferred the Stock Issue Ap.proved-4-Oil'er to Common Stockholders Underwritten— Exchange Oiler to 5% Prefererd Stockholders— • Electric \" ' * a any •plan" states $3,037,621 $1,123' 81.12 , output • •••,." 97.640 outstanding stock 4'T accrued 453,381 per at payment The $2,584,240 474,059 holder preferred cash $1,714,523 to the in. accordance 194,598 Moith of— Bullion The 81,524 earnings1. profit, -On 82,081 profit..-— Operating | 190,893 corporation will vote at callable paid, of funds/. Miscellaneous :i:Earnings 27,000 .: deprec..// exchange transfer on expense of $641,619 $0.85 • General American Transportation Corp.—New Sub.—I S56.507 1943 p, 719,000 $2,645,648 The special meeting called for Dec. TO, 1943, upon a plan for reducing the annual charge for dividends/on the corporation's $7,306,000 of preferred stock capital, in lieu of a redemp¬ tion of the stock, out of treasury funds or by public or private sale of other securities. George W. Johnson, President,, states-That the present plan has been selected by the directors after careful con-/ sidcration with Goldman, Sachs & Co., of many alternatives. $5,95 955,140 ..... •;... share__•_'• 158, 774,000 . share reserve $104,547 ; 1943.: follows; as Lght. Co. profit According to 1941 .. were stock. $2,956,539 215.000 $678,280 — "!After.'.all $247,823 • ■ R Emlicott Johnson Corp.^-To Create New 4% Issue—To Be Exchanged for 5% Preferred- S3.58 ■/. excess $5,867,625 . ' , Light Co., Light Co., three months ended Sept. 30, $1,004,543 '883.437 and est..;-;...'.; " - Corp.Lgt. Co- per common $453,838.—V. ' for taxes, & & Note—Net 427,854 1,649,856 opeiv of 1.138,151 1942 $4,356,897 general costs I'rov. ''t:ti • •/...'"After Federal income.and 2,570,548 $5,016,753 -r Pwr. Pwr. TEarnings ' 1941 S 17,233,290 Ltd.—Earnings Sept. 30 > Pwr. & Lgt. —h:. income, surtaxes, and 1942 . Services, Inc.—Weekly Input— & $856,619 275,000 company's net of Cuban-Am. in' net Per t Electrolux Corp. (& Subs.) • • _ 4,417.403 $1,033,835 normal production 2, —.V _ 9 Months Ended Sept. 30— •'"'Not profit ■ SAfter deducting post-war credit of 158, p. 982. tax of $401,242.—V, J Power • $953,280 of earns, 110,073 The above figures do not include the system, inputs panies not appearing in both periods.-—V. 158, p. 1824. $2.10 13,532,325 S3.48 Federal 2__i 1, profit and - Manganese Corp. inch • $1.99 . Net Portion $357,895 —-—Thousands of Kilowatt-Hours' Elec. being 1942 1942 5,313,176 ™ estimated • & 76 1943—9 Mos.—1942 excess taxes ' ( 1 1942-1—:. 1942... in surplus as of Jan. during T942 NatT. £3,878,099 j"/.;'.t241,919 • : ; per income for Power $147 ' and" State- period of 1942.—V„ 158, p.,..770;": 1943- 3 Mos.—1942 Earnings.-per share.,. • on Operating Subs, of $871,770 " 1943 •. profit effect ."• . same the (over -Increase- 574. p. profits tax/ j post-war, adjustments--;.401,242' 'Earnings •week stock, 158. 1942 the i and $849,924 excess for and For the week ended Nov. 4, 1943, the System inputs of client operat¬ companies of Ebasco Services Inc., which are. subsidiaries of ■./•/, -Earnings— //Est. Fed. normal inc. and surtaxes;| Net effort stock„___ V A .J... ■Est. Fed. 1941 profits ' t ^ .1591,573 ■ Federal the .__• Federal income & for plant 158, Aiher. is every returns special ing net on cups .:///.' . .R™-$36,369,469 $22,833,034 ,« Profit I'rov. Dixie *1943 9 Months Ended Sept .30— sales • profits excess adjustments.—V. Doehler Die Casting Net and 30— on less, or of in " ^ National more of Ebasco shoe Will be adquate. up healthy, profits." incl. Fed. year-end of / sales the tax certain Payments during 1942 were 'a.4 follows:' Febri5 and May cents each; and Aug. 15 and Nov. 16, 40 cents cach.--V. '}■ double pre-war quantities. yet renegotiated the sales to the Govern¬ 202,666 shs. on ceiling, a that amortized of more, than business" is requirements -Subject to fixed been fully 670. p. American follows: as profits ledger'value no 1731. ;;|f < part fact reasonable Net income after taxes, •Earnings as that the whole, maintain to the running has company but it ment, have taxes been in stated notwithstanding containers made Nov. 8. chain excess - •• the last. 50 * . Dixie Cup Co.—Earnings— Moore, Beck S. and "397,308, : share'..";f„_2_"/•/_„_$0.91 l.Zl 73 Period Ended Sept. 30- /Profit: cents per share has been declared on tfye common par value, payable Nov^ 15 to holders of record Nov. 5. Dis¬ tributions of 40 cents each were made on Feb. 15. May 15 and Aug. ■■/%;:-/C/%//■'*■/• /'://%/■'/ // " Hugh A. income 1942, ! ■ Freeport Sulphur Co.—Earnings— 1943. renegotiation proceedings, and the Bureau ot' Internal Revenue by common; State income taxes for 1943. dividend of 45 stock, 1943—10 Mos.—1942 - Federal retroactive 158, $2,977,722 $24,066,990 $24,848,51-5 1530. p. ■ all Shares of special dividend this 1943—Month—1942 $2,664,918 14, Eastern Utilities Assnciates-r-45-Cent Dividend— Diamond Shoe Corp.—October Sales Off 10.5%— pales 15, Sept. on aforementioned examination and Net reduction year. 289.. p. Dec. on paid Increase in net income for 1941 1942, the company made a special distribution of 50 cents which made total payments for that year of $2.50 per share. declared that earnings have been satisfactory, but adequate cash was holders to special dividend a $23,333, is payable the had Decrease in net 11 $46,667 the surplus account as ol' Jan. T, 1943, aforementioned settlement of the renegotiation proceedings, change, in basis of amortization of special plant facilities and the related adjustment of Federal income, and excess profits taxes Tor the years 1941' and 1942, is as follows:' •-.."> dividend'of 50 cents payable ($70,000) then: result a company •'necessity for providing year usual quarterly foe Oct. 3, *42 charges and provision of $293,650 for Federal income taxes, tA.ll charges and provision of $450,350 for (represent¬ existing contracts) was restored to the accounts, and was allowed over a period of 60 months accounting from 1941; other adjustments of smaller amounts were also made., a 1. The Special Dividend- the stock, common 157, p. $1.03. $31,694,699 $31,685,708 /"After rate applied to the $700,000) has been Treasury Department to'the Price Adjustment Net increase of special plant facilities as at Dec. 31, 23, •per share, > the on record •On : was Corp.—Proposed Merger— International Sec¬ to Appropriation $630,000 of this amount 1, 1941-Dec. 31, as Detrola Defense "Cost value of special plant facilities-,-,2 Allowable amortization, June had and the for National pursuant tax accepted tenders, of its prices did not exceed 82.99. it •>: $321,138 and provision Oct, 2, '43 ./._„„„ Earnings per changes the company incurred an additional Federal liability at the end of 1942 of $223,647, which was paid on Oct. 18, 1943. The net book value of special plant facilities of the company as oi Dec. 31, 1942, was increased $247,823, as follows; ■. I faxes Delaware & Hudson RR; Corp.—Bond. Tender— corporation 1941 Subs.)—Earnings— Profit Through these .for 1943 amounted to $778,286 and in, 1942 to $550,000.—V. 158, p. 1824. The of Credit S. an 1941 which renegotiation, (& ■ Number of.stores •iiv operation.-. amortization J $0.66 • of company's years facilities 388,325 $1.36. charges and provision for Federal and State taxes the the 1942 $554,992 $679,676 / income.:::•_".~2.i-—, ;outstaliding of 1943 Ended Sept. 30 9 Mos. of warTacilities income 40 Weeks Ended— Sales profits tax U. with of Supplemental balance remainder, result a settlement Sixth excess by Of and lull amended. as concurrent •'•Net, in the certified 1943 in of Section. $0.51 amortization and $700,000 ing the 90'y $131,520 $124,919 $0.40 s.After $303,871 - " $2.48-$0,95>-v N-;-/ . Food Fair Stores, Inc. J. June 30r-rr $636,190 share common 1942 Renegotiation o£ 1942 Business Completed— Davcga Stores Corp. <& Subs.)—Earnings— 6 Months Ended $4,607,954'' taxes.-/ / The' consoiidatdd income statement; for the nine months Tndecl Sdi)^ 30, 1943, follows: Sales (net), $16,499,428; cost of sales, $12,706,280* sell, exps., $144,709; administrative and general expenses,. $24o'562* operating profit, $3,407,877; other income (net), $72,357, gross income' $3,480,234; interest expense, $38,753; taxes (other than Federal income taxes), $280,883; depreciation, $262,130; amortization of war tacilities, $285,278; provision for contingencies and post-war .adjusts ments, $600,000; provision lor Federal income taxes, $1,377 000net. profit", $036,190.—V. 158, p. 670/ "• ; ' - " ' ? " ^^ Federal 'and year taxes has „ $6,641,561; net profit for the period, $1,530,659.-—V. 158, p. 768., Federal $5,075,250 1943 depreciation, amortization $1.92 . , Subs.)—Earnings— Sept. 30— -.1 Earnings per '! "After $403,407 $2.05^ . tlncluding Excess profits ,tax, and State, insome adjustments relating to renegotiation of year-end; ' Figures U. depreciation, ' , 1943—10 Mos —1942 : 1440, J). 9 Mos. Ended 913,850 ■ $430,351 $0.29 • IuO| 15, 1943 Sales— V $589,694 Follansbce Steel Corp. (& iBefore contracts, Note—Provision met, profit from $61,567 $0.11 for (estimated). Government provision lor post-war adjustments and other "contingencies, $1,000,000; estimated Wisconsin income taxes, 8456,433; v. 1943—Month—1942 $599,853 >v. Earnings—%//•/ 320,834 1943, profit from operations, $13,174,435; selling expenses general and administrative expenses, $962,797; provision for taxes, Rolling Mill Co. 47,530 Net depreciation and e.mortiaztion, $269,322; Social Security and unemploy¬ ment, (M. II.) Fishmaii Co., Inc.—October ; •• 265,297 Earnings Gross $1 547 301; J '• / $335,554 on of income lor the nine months ending Sept. 30, statement 1730.' p. . profits excess , 158, Deprec, an,d amortiz.-... tProv. for Federal taxes 1941 $1,242,542 ^ The Eastern • depreciation, amortization; Federal income and ton 659,998 shares of common stock Corp.—V. Period Ended Sept. 30/Profit .-ia_-- - . $1,020,702 Securities Monday, November Sales - -•After taxes, Mellon will this on 1729. p. 1943.' SI,530,659 Sept. 30— profit tEarnings per coin. shareJ.:i^.:-—i-- ' value, par no LaiT I943-. Cutler-Hammer,; Inc.-—Earnings— 9 Mos. End. Net ' Boston Goldman, cumul. $8 the per Corp./Harriman Ripley & Co., Blyth & Co., Inc.,/ Sachs. & Co., Lee Higginsoit Corp., -Lehman Brothers'and First Go., share were made. per • $1.75 • • and Subject < Sept. 30—• net provision excess, to ments.—-V. profit™ for „ 1943 i/. i.' depreciation and profits tax/reduced renegotiations'-of 158/p. 486. *; "• by for a post-war war-contracts - ■ and to . $1,097/270- estimated Federal credit income of $222,348. year-end1 adjust- / . .- ' ■ - " ■ i .' . . / Volume Ink Corp. 9 Mos. End. Sept. 30— income for Prov. 42,195 61,657 . $761,422 $1,465,257 ' 204,091 170,032 —V. 158. p. 341,295 291,414 514,783 197,006 $322,258 $746,383 735,000 735,000 735,000 $0.23 $0.80 Sales 735,000 $0.36 $0.55 1132. i i sales 5,201,549 from $672,863 29,935 $4,677,284 $3,432,619 $1,095,898 105,295 $1,201,194 $3,580,519 752,628 687,988 127,433 152,664 186 649 576,087 545,184 ■ „ Interest and 11,729 ' Penn. 87,150 87,371 7,724 66,909 246,749 198,288 profits & / $190,634 $243,957 $955,317 $1,023,191 $0.40 $0.52 $2.04 $2.18 share— per 2,305,373 988,929 521,211 165,504 — income tEarnings tOn 469,713 common shares $1.20 share, per for the same in Assets—Cash which banks Liabilities—3lA % with compares $674,943 share $1.44 per or Sept. 30, 1943 Sheet, and $2,040,214; within due notes hand, on one U. S. accounts 3lU% $200,000; year, accrued accounts, $641,775; promissory notes due Jan. 1, 1957, $2,292,000; reserve for contingencies, stock $21,473,316.— total, $17,605,204; surplus, and 1132. p. The have directors the dend series) 1943. and have dends in arrears, cash, the for at option, their stock ".ommon share each of record Nov. 16, account of divi¬ In lieu of for the aggregate of on of receive may the at rate stock. preferred of 121/1500ths of one : Distributions of $1.50 in cash, or 44/l,000ths of one share of common were made on the $6 preferred stock (optional stock dividend on March 1, June 1 and Sept. 1, this year.—V. 158, p. 1637. ' ,. stock, series! Georgia & Florida RR.—Weekly Earnings— 10 Days Frank J. —V, revenue.; 158, be to of Gilbert has it 1942 of in field Mr. in will Mr. that $1,485,969 the Products Co. Atlantic, York and to Gersten the Control- City. ' several operate in a from ' •> U, S. and 1943 $7,656,243 229,002 4,379,992 profits $2,360,346 $2,265,037 $8.39 0.65 $7.79 0.58 of preference stock Amount earned per share of common stock—. On Sept, realized V. 1943, the company executed a contract with the Price of the War Department wherein it was agreed, 29, Board renegotiation, that no excessive profits were Department contracts during 1942.— prioi' War on 158, share per the basis of upon into butadiene. a trustee a of (Mr. been and sales Total Warren the Prov. Diocesan Fed. 29 announced that the company ,Navy several years estimated slightly in net earnings corporation of for the year will 1943 of $216,000. excess will be sold to the Goodrich and companies for the manufacture of synthetic rubber, '. /; blending Gulf. of component Drake Mr. unit Thermofor order said will the aviation amount sufficient be line. to The The unit award the contracts of addition to Chairman Litchfield, of the for construction Gadsden, Ala., plant the the board, announced of on Nov. that the a be used by Goodyear may carry its country's mounting supply of have additions Plant P. W. company's been full share of the job of processing the synthetic rubber." held to a minimum in the Goodyear Mr. Litchfield declared. The bulk of the program is devoted and modern tire and processing equipment which is being or program, to new will installed in be fabric existing buildings. Needed additions Jackson, Mich., tire plants and the plant were the major exceptions to this rule. and Ala., den, tire to crude obtain an To A that out pointing natural plant which had at the Gads-- Decatur, Ala., • '• converted to the manufacture of three-inch cannon and another tire plant which had been converted to the production of 50-calibre machine gun bullets, are now being re-converted to tire production. The production of much non-tire military equipment is being moved to sub-contractors and newly leased space in several parts of the country to make room for the return of tire production at the Akron and Los Angeles plants, the announcement said. Heavy emphasis is placed upon additional rubber milling equipment in the Goodyear expansion prgoram. Mr. Litchfield explained this by One synthetic been is more difficult to mill than about 20% more machine capacity rubber rubber and requires equivalent tonnage of milled stock, Port Arthur early in the year.—V. Ilackensack Water Co. (& 9 Mos. Ended Sept. 30— Gross operating revenue..-. Gross non-operating revenue produced by no par income. Had it been the ending year Sept, 26, 1942.—• to production Federal double as taxes: profits Balance -V. available 158, for 889. p. of Sell., sales.. adv. & adm. income 246,044 323,250 330,225 surtax.. 78,000 Total $605,793 of bef. $7,801,585 value, payable Dec. $5,221,087; 201,243 597,584 613,902 $490,366 $736,728 $666,073 3,212 15,808 28,682 $493,578 $752,536 $694,755 Prov. income for (State 21,829 earnings the common 15 to holders of record Nov. 15. earned 158, surplus, and cash $18,365,066; shares 38,958 1732. p. deposits un¬ treasury stock—at Dr$ 1,577,475; common) • 102,575 for the law tax nine 282,000 for all charges, for contingencies. President, states: >1940 $178,604 months 65% were 72% ago. income and excess , reported, to use of which both the in excess for were parent of those billed in the the War Services. its and company proportionate part of this post a in shown arising 1943. the in in out have the will be stated of Canadian available for bonds on the June since purpose 1, the 1943. 1, increased was compared year. Total and giving effect to the this Dec. refund, war after debenture retirement on the date, last is further a $50,000 of sheet retirement contingencies quarter to of the credit of for third year balance of authorized amount months 223,000 the Additional directors $513,089 143,000 1941 $301,861 provision reserve year a 1942 $262,909 and taxes. Greenwood, previously amount 52,262 $649,962 1943 ($280,725 after and N. credit the Federal- Government subject to refund by the United States and Canadian Governments following termination of the War, Company has, however, exercised right under the debt retirement provisions of the excess profits taxes & S. is 129,405 $471,750 U. its plant $105,841' excess (Includes subsidiary are subject to excess profits taxes, and the amount of $1,150,000 has been reserved to cover both United States and Canadian tax obligations upon income for 1943 to date, Of this amount $90,000 4,586,915 service taxes income and $1,380,141. advances, all charges period As $5,866,891 6,467,272 $141,350 inc. of contra), $4,112,456; Reserve Profit foreign credit miscellaneous profits taxes, same 2,207,774 35,509 $45,541 par on — pension emerg. post cost (per "After 1943—9 Mos.—1942 183,526 .... $2.54 Consolidated Balance Sheet, Sept. 30, 1943 $93,968,956.—V. (Net 9,285 under 393,696 2,370,078 $3.01 Ileywood-Wakefield Co.—Earnings— "$515,427 $132,065 income 393,696 2,370,078 $2.09 (Includes 9 Mos. End. Sept. 30— "Net profit 83,025 ... . 393.696 2,106,736 $2.91 8,596 395,544 $2,899,384 exp. 393,696 1,975,065 (8,706. shares preferred total, $1,570,265 2,090,087 profit $3,744,236 (estimated), cost $2,405,679 —_ $4,356,632 deducting product, Sales Cost $3,143,457 2,901,498 taxes I, surplus, 248,220 1943—3 Mos.—1942 "17,942 $4,223,270 stock. common contract taxes Co.—^arn ings-^ . 20,655 share. §After Richard Hamilton Watch 6,260,397 payable, $4,471,384; accrued accounts, $3,328,$2,503,730; preferred dividend, $131,232; Fed. $21,816,670; U. S. Government cash deposits un¬ expended (per contra), $6,012,609; deferred credits, $100,247; reserves (insurance including $216,553 estimated liability on claim. $1,346.723; pensions, $4,266,056; contingencies, $2,380,000; miscellaneous, $146,053), $8,138,832; 6% cumulative preferred stock (par $100), $9,619,400; common stock (1,355,668 shares no par), $16,945,850; capital 955; i Period End. Sept.30— Sales 2,576,754j 622,694 Liabilities—Accounts 9,846 dividends. 275,290) $6,012,609; post war U. S. tax credit (est.), assets, $106,967; fixed assets (less reserve for depreciation of $30,427,184), $17,262,000; good will, $5,000,000; deferred charges, $407,60?; total, $93,968,956. 1942 — and $6,663,676 234,375 depreciation and amortization of $3,232,918 in 1943, $3,628,308 $3,998,554 in 1941 and $2,637,915 in 1940. (On 1,316,710 expended $3,195,887 : . (1940 3,417,102 Stock com. $3,092,083; in 1943 Normal (1941 hand and on deposit, $5,558,178; U. S. Government (including U. S. Treasury tax notes applicable to $31,662,046; accounts receivable (less reserve of $782,327), $11,898,381; materials, supplies, and work in process, $7,748,003; as 394,803 tax 1942, Federal its soon $3,315,866 (net! income Excess England) 13,751,090 —. com. ■,'»/: Subs.)—Earnings- —— and 1942 20,621 preferred stock per securities—at 1637. ——— Canada (1,699,994 on finished 158, p. Inc.—Earnings— subsidiary in Holland. the $1,650,066 Interest charges Retirement by making year, with the debenture amount provision $250,000 reserve of in of of bonds $75,000 $325,000 for the corresponding nine contingencies now stands at for $725,000. Net income War $105,841 per pfd. Earns. per $328,750 $367,962 $290,089 share- Earns, $3.23 $9.95 $11.22 $8.78 renegotiation share. $0.15 $0.72 $0.57 $0.37 earnings com. for income taxes (State and Note—No provision necessary for excess Federal) made in profits tax.—V. 158, p. of Federal tax Hancock Oil Co. of California Gross 1942 1943 1941 1940 $1,898,194 $1,682,779 $1,749,428 1,297,765 1,624,924 1,347,716 1,442,136 develop, Depre., costs. 15,364 22,596 91,022 90,878 99,849 75,632 that connection t$260,983 $150,826 $168,409 $202,244 materials, raw operating, selling administrative p. 158, Period End. Sept. 30— Consol, income net per com. all $1,283,868; " $0.93 $0.90 interest (and 1943—9 Mos.—1942 $2.47 provision of Net $2.39 sales, other royalties oper. of Prov. for Sell., gen. depreciation.. & adm, exp. operating profit Years Ended-— 189,592 197,218 779,928 or 843,885 796,378 3,503,651 $3,262,465 ... sold (net).., $2,194,058 $10,858,985 11,917 99,844 $9,139,701 $3,291,377 $2,205,975 $10,958,828 $9,184,535 Sept. 30— 44,834 55,250 55,250 833 10,580 26,016 4,915 of law 29,176 suit. 227,500 2,561,220 profit..: Total Capital Earnings shares "Including 1,536,725 8,269,010 6,671,140 outstdg. $663,502 $2,367,312 $2,426,997 543,011 shares per 543,011 2,172,045 2,172,045 434,409 434,409 434,409 434,409 $1.67 $1.53 $5.45 $5.59 purchased, maintenance and repairs, labor, (Includes an additaxes and other operating costs, tional amount in anticipation of the requirements under pending tax materials paid, legislation. Note—(1) series B, Dec. (est.), 1, 1946, 1st pfd. 1943 1942 1941 1940 $41,640 $31,332 $42,452 "$33,760 27,000 27,000 27,000 27,000 $14,640 $4,332 $15,452 $6,760 337,757 330,865 325,111 309,420 $352,397 $335,198 $340,563 ' $3161180 surplus!'Dec. 31- earned Sept. "After 30 Balance Sheet, U. (net) and Investments abandonments. Sept. 39 1943 1942 1941 $58,817 $58,975 264,489 - 264,489 272,614 advances securities on —$55,377 < Capital assets ' surplus —— providing $7,126 in 1940 for loss 12,500 12,500 12,500 30,958 438 386,663 1,041 3,799 1,607 2,221 $778,708 $760,970 $765,085 $900,000 2,530 ------i-_ 36,457 369,683 S. Treasury $900,000 3,439 $900,000 obligations—.—--56,030 receivable _— 16,408 : Inventory > 422 . charges :— —- —- 386,245 Liabilities— Capital stock Accounts Claims Taxes ($1 par) ^ payable against closed banks for 3,715 dividend -— 531 Federal income Reserve for Earned surplus tax— —,—-— Distribution to stockholders——— j —V. 158, p. 578. ——— — —-—- 3,045 — accrued Reserve Total Hartford-Empire royalty payments made and the share of —- — Deferred Total $723,902 dividends income on bonds—due $725,000; and 5,133 (Prov. for Fed. inc.taxes (estimated) taxes payrolls — Earned surplus Cash 6,255 Canadian debenture taxes, „—— earnings Accounts charges.. accrued (par 3,263,285 property retired Settlement Net stock Dividends paid Marketable income Miscellaneous Cash and registered contingencies, 802,177 contingencies on ■; $14,196,376 $11,843,827 $53,508,617 $45,497,874 9,900,434 8,656,173 38,366,052 32,287,711 28,912 income Total and 9 Mos. End. Balance, Prov. for doubtful accts. Loss for Assets— Gross Other sold— Federal 10-year cumulative Net and revenue.. goods $477,326; 5% reserve $599,004; Holly Development Co.—Earnings— for Sept. 25,*43 Sept. 26,'42 Sept. 25,'43 Sept. 26,'42 "Cost payable, stock, $25), $3,487,000; common stock (par $25), $1,500,000; surplus unclassified balance at Dec. 31, 1936, $1,145,137; earned surplus, $550,028; total, $10,176,563.—V. 158, p, 1732. (& Subs.)—Earnings— 3 Mos. Ended 1943 $2,915,036 $640,312 Federal taxes in 1943 and $572,345 in 1942). (Provision for taxes was $1,859,425 in 1943 and $1,362,924 in 1942.—V. 158, pp. 1732, 1577. Period— Sept. 39, than $409,200; "$1,113,477 "$1,080,307 ($2,998,805 share. charges including Sheet, Treasury of Liabilities—Accounts 1637. 1943—3 Mos.—1942 less commissions. (Before allowing for dividends $4,370.—V. S. (est.), $70,000; ciation ex¬ received to Balance U. , and penses, State, county and Federal taxes. amounting $528,759; cost, $17,572; post war refund of excess profits taxes property, plant and equipment (less reserve for depre¬ $2,707,880), $2,996,016; good will and patents, $1; deferred charges, $88,608; total, $10,176,563. 83,728 income "Including Until S. —at 21,321 aband- depl. & operations. company results has been completed, necessity be subject to revision, and would, of course, affect the company's of tax savings notes, $732,488; Treasury %% certificates of indebtedness, $250*000; trade notes, acceptances and accounts receivable (less reserves of $146,292), $2,018,678; inventories, $2,998,596; mortgage notes receivable, $410,428; in¬ vestments in affiliated companies—at cost, $65,418; sundry investments Earnings $1,664,989 Intang. Net Sept. 30— dominate operating must Consolidated U. income.— to year's quoted obligations. 672. oper. & gen. exp. oper. "Costs, continues the figures change in any first production Assets—Cash, royalties Pay Dividend of 50 Cents— dividend of 50 cents per share has been declared on stock, for §12,421,269 tax on profits. the was done under high priority ratings and with the PAW, WPB and the Defense Plant Corp. 256,000 10, $30,000,000 tire expansion program is now fully under way. "Parts of this program are already completed," Mr. Litchfield said. "That which remains will be completed with all possible speed so that for 213,344 tax earnings shares of producing products needed for war com¬ pleted by Gulf Oil Corp. during the past several months. It was pre¬ ceded by the opening of a toluene plant at Philadelphia on July 2 and by the completion of Houdry and alkylation high-octane gasoline plants at income Assets—Cash will the refinery into tax. profits deductions "After Is the fourth Ilazel Atlas Glass Co. $30,000,000 in Tire Program— foot con¬ Firestone Rubber construction new "After Goodyear Tire & Rubber Co., Akron, Ohio—To Spend With in account $19,528,498 $21,168,718 $13,489,727 950,000 contingencies stock the announcement material permit the Thermofor process get close cooperation dividend of 50 cents per share a payable Nov. 10, to stockholders of record Nov. 5.—V. 156, p. 1774. square loss and excess (Earn, • gasoline this of to goods Divs. possible and to conserve steel and manpower, the plant was completed by adding catalytic cracking and regenerating equipment to thermal cracking facilities heretofore used for producing motor grades of gaso¬ Earns, declared of directors has board The deferred as 1943 Divs. produce ago, (M. A.) Ilanna Co.—Earnings— Corp.—Estimated Earnings— Good Humor be statement 1941. and L—i for Net be turned over to the nearby Noches Butane organized jointly by Gulf, Socony-Vacuum, Texas, companies, where it will be further processed This Sept. 30— of cap. Other 5% The treated $2,426,996 income Federal oil 1637. p. the year profit .... has Conn., Finch. will Pure 9 Mos. End. —____ — . 1942 $6,858,313 213,285 1 5,066,895 —— domestic income, excess capital stock taxes...—— earned Adjustment E. quarter. Razor—Income Account— — income Net Amount the $91,940,775 $85,290,589 $58,940,341 $37,318,441 "Profit from operations 19,354,551 21.137,318 13,448,105 6,521,965 Other. income 173,947 31.40P 41,622 141,711 • Frenkel, who founded the company operations— Depreciation Foreign and and also been sales- from active business. The organization1 with the same personnel as heretofore with 9 Months Ended Sept. 30— Profit Net as in head. Safety stores, 9 Mos. End. of butadiene used in the manufacture blending component of aviation grade ingredient plant, "Provision Gillette Oct. on facilities has who years retiring is its at Gersten, A. past the company outright. The com¬ houses in the wrapping paper distributing succeeds W. Norman v;ho continue and development its since basic and Amort, has purchased of the leading New Samuel for concern capacity, Gersten 1899, this 151 ! Greenwich, William Co. Steel President, Drake, synthetic rubber, Payment announced with is one of services late the p. , $1,684,718 $47,328 $54,475 __ Paper Co., Inc., N. Y.—New been managerial pany Point, Field succeed to Carpenter plan—for past associated of Warren completed butylenes, Other 1858. p. be (Including Subsidiaries in put into operation a thermofor catalytic cracking plant at its Port Arthur, Texas, refinery. The new units, the second of this type Gross Jan. 1 to Oct. 31 1943 1942 End. Oct. 31 1943 Operating from the for in 1859. holders of $1.25 with the same payment and record dates. dividend' two of $1.50 (optional stock divi¬ stock to 1943, dividend a quarterly dividend regular preferred 1, Dec. on declared also the convertible payable stockholders, share declared cumulative $6 operation Net earnings General Shareholdings Corp.—Div. in Cash or Stock— on will Hercules Powder Co., present output of aviation grade fuel. payable, trade and others, $542,167; capital K. director a The Govt, secur¬ ities, $349,074: accounts receivable, less reserve, $2,624,383; inven¬ tories, $3,020,143; accrued interest receivable, $198; post-war refund of excess profits taxes (est.), $5,000; miscellaneous investments, $17,814; investment in Northwest Magnesite Co. (4,000 shares common stock, less reserve, $550,000; notes receivable and accrued interest, $668,601), $1,218,601; deferred accounts, $311,947; repair parts, etc., $541,350; patents, at cost, net of amortization, $543; real estate, buildings, ma¬ chinery, equipment, mineral lands, etc. (less reserve for depreciation and depletion of $6,605,381), $11,344,049; total, $21,473,316. 158, instead 158, had In V. taken approximately $708,000, for the year ending Sept. $430,000, for the year ending Sept. 26, amounts V. Gulf Oil Corp.—-New Plant Opened— (no par). period of 1942. Balance $192,171; adopted been approximately $2,856,996 114,282,502 $5,935,509 $46,555,053 $42,699,273 company said. Notes—(1) Net income for the 9 months of this year totaled $563,736 or a gasoline. The butylenes income exc. 24,026 . ___— (est.) Net 4,500 20,343 • deductions the 1943, director a $4,890,026 191,777 and prop. taxes- tax which not (of and have been omitted procedure has included, in the profit and loss account, the net profit would be $3,075,311, instead of $2,367,311, for the year ending Sept, 25, 1943, and Fed. 190,976 —_ taxes received the credit 1943, 1942) Investment Trust of the Diocese of New York.—V. 157, p. 2250. 212,742 147,906 $702,798 Profit depl; <fc amortiz. Fed. post-wnr - Depr., Other with Credit 1943—1 Mos.—1942 Greenwich Gas Co.—New Director— is - .— Amortization V, 15,111,378 125,400,841 had in year earlier.—V. 158, p. 1473. October, Edward 19,983,542 22,014,458 5,668,186 various sources Corp. (2) 1943—10 Mos.- -1942 1943—Month—1942 exp. income——— , formity p. Green Co., Inc.—October Sales Off 0.3%— against 152 1943—Year—1942 $6,764,084 $25,447,077 $24,660,826 profit bef. oth. inc. income not net 15, $ $5,917,019 In -elected Other last. 158, ;X-"r 14,810,329 (II. L.) \ • $5,874,412 and operations Gross June 1943—3 Mos.—1942 — of 15, and each.—V, 1637. 158, p. Period End. Oct. 31— General Refractories Co.—Earnings— Period End. Sept. 30— Of Sept. 16 cents 1937 . $559,720 Sales Cost 25 : - and March 15, $ outstdg.- Net sales Dec. 1943—Month—1942 Pcriod End. Oct, 31— taxes share—— per . follows: as 15 and 15 (W. T.) Grant & Co.- -October Sales Off 2%— $926,758 147,750 profit) exc. stk. com. Earnings were and Sept. 1732. —V. Slis. 1942 March 15, June on . 25, $418,914 & inorm. during each; cents made were 42,773 - 138,728 —— Federal 37Vs $883,984 $898,937 -—. deductions Disbursements 1940 1941 $1,403,599 45,221 income Gross Other 1942 $719,227 — Similar payments (& Sub.) —Earnings— 1943 $853,715 Operating profit Other THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 8,832 9,632 9,000 9,000 9,000 15,278 8,044 352,397 Dr503,542 335,198 340,563 Dr503,542 Dr503,542 $778,708 $760,970 $765,085 5,717 1938 THE COMMERCIAL & FINANCIAL CHRONICLE Ileyden Chemical Corp.—Dividend No. 3— dividend A (No. 31 20 of cents per declared share has been the on stock, par S2.50, payable Dec. 1 to holders of record Nov. 19. Similar distributions were made on June 1 and Sept. 1, last.—V. lo8, common •• ' '•■■■ . ;.r•■'".'•A'- Honolulu Rapid Transit Co., Period End. Aug. 31— Gross 19^3—8 Mos— 1942 $379,228 $3,571,946 195,172 1,991,144 : $2,465,224 286,086 Four main 1,301,399 expenses!-.... companies Net from rev. $149,956 $184,057 $1,580,802 Total 2,039 6,010 10,404 $149,944 revenue...— Deductions, taxes, $186,096 • 174,590 1,430,520 ration —V. revenue.. $17,352 158, p. 1732. v $160,386 does release direct from business " Houston Oil Co. of Texas—Earnings— 1943—3 Mosi—1942 N" 1943—9 Mos.—1942 earns, from opcrs. $2,318,090 v SI,751,042 - with gen. exps., incl, taxes (other than Fed. income) Inc. 848,678 3,222,501 $902,364 $3,369,488 $3,007,955 issued sales $1,205,248 $920,298 $3,428,095 92,243 268,030 sales 283,641 6,275 6,651 19,327 .taxes. Deprec. & depletion Prop. retired & abnnd. 397,205 402,006 1,189,439 1,201,959 68 182 89,123 150,912 194;552 Fed. 106,630 100.900 432,137 449,200 $539,918 $229,375 $1,368,252 This $906,533 income taxes, est. profit2^...,...l.„.„.. Net ciation and depletion, the income of $4,467,007; interest debt discount and on bonds taxes (estimated), proposal. Total $663,928; net profit, $1,611,035.—V. Oil Illinois Central U. 158, for S. RR.—Liquidates Period End. Sept. 30— Railway oper. revenues Railway oper. expenses .Railway tax accruals... Equip. & Joint lac. rents Net $1,406,613 Net 10, months of contracts to $280,000 on Oct. in Sept.. 30 for eleven sales net ry, 55,789 157,592 9,119,211 1.313,604 93,675 1,035,325 $94,460 $176,639 $1,057,649 $1,128,861 5,372 3,102 54,950 Total 38,267 $99,832 $179,741 $1,112.599 $1,167,103 3,174 income 3,124 27,637 27,784 3(o,454 376,309 $134,886 $706,508 $763,035 euuree.L_- iuect W. months of income 4i,«»*i6 157, p. February and bonds and notes 273,925 285,013 821,787 Depreciation & deplet,_.L 2,520 554 2,006,553 6,911,203 for other adjustments..!..' Fed. for income for profits Fed. 1,513.000 1,482,000 5,865,780 same purpose ■ on $100, 3,236,000 4,720.000 11.047,000 $2,642,409 $8,738,431 $8,079,890 i941 $2i899,7f>2 $2,170.7^3 142,813 167,472 196,524 260,476 1-622,400 235,788 A'' $1.80 $1.62 $5.35 $4.95 find other credit war . ? 652,959 448,700 375,051 " pense and all charges for repairs and maintenance. A statement following the report has the following: This quarterly report shows that being maintained at during the preceding both to materials of purchases, 158, earnings of " O y .. the (21 the Nov. on traffic Dec. and quarters fibre, has .■> ' S3,(too,800 Bonds Purchased Oct. the holders to taken was of at 1943.—V. year 158, convert ble ; preferred • to ; its excess profits •the post-war tax for the current year The substantial a amount the company . report for 1942, attention called to the fact that the income the /us to the blast annual report for to furnaces and coke 1942, for the time ovens and information was Defense Plant submitted The directors the of two new and 1, last. have Other furnace will go into operation tion 158, p. 2, June 1 proposal national sified to electronics Detrola of one tax the its two will not certificates of Canada, Under the merge into year-end of $1.50, Corp., field of post-war boards of. directors in as this a letters was to the Detrola under announced cents each; and cents 1 payments Dec. 15, 50 share per to holders March on 10. were alternative A; cents.--Vr 158 oi or of present to all taxation investors has to remove advocated 'by the called to the of of 1st towns in in Kansas served is gas Kansas and in at and 32 wholesale to 38 approximately in There The are Nebraska at gas Nebraska. 145,000. in towns distributes natural towns intangibles of $1,895,447. mtge. Series -Series .these $5 the : . sinking A, due — ' Income Account 1943— 3 Mos.-—1942- .V . about 26,000 cumul. 4'und .bonds, 4^ Authorized 2 stock (no Outstanding $2,694,000 10-1-57.-,1,000,000 pref. stock A par)„„„„^— $2,694,000 532,000 - 20,000 shs. ($5 ' 350,000 shs.- * 12,500 shs. 234,546 shs. Purpose —Rttir-e company's outstanding 9,824 sliares. of $6 cumulative preferred stock at $105 per share called for redemption Sept, 17, 1943,/ Balance, added to the company's working capital. t.^ ,<. Underwriting—The spective name of each principal underwriter, and the severally underwritten, are as follows: ' - amounts "■ _ First 1943-.9 Mos.—1942 . Harold The system..—.. 817,362 731,742 Contingencies, insurance and other purposes— 168,434 11,020 re¬ Profit based income profit surplus1 Previous the Corp., name of on stockholders. "" Nov. 8 a radio Inter¬ carried $15,150,068 $39,561,870 $44,779,9 42 two 1,500 ...J 625 1941 1 operating 5,017,716 6,781,558 " 16,356,419 20,402,818' revs.„_ $7,049,994 surplus 81,835,846 $8,368,510 $23, 205,451 $24,377,124 Net 79,013,916 Prov. $88,885,640 $87,845,9218104, 430,959$103,391,040 Total 79,477,411 81, 225,508 dividends..^— 483,475 483,475 dividends*..-— 7,289.084 1.289.084 1 450,425 1,450,425 21, 867.253 21,867,253 ' Special Fed. income_^„_ — $81,113,281 $80,073,362 $81, 113,281 $80,073,362 'Exeft. adjustmt. in- con¬ solidation in suspense Br2,461,542 charges find i Balance surplus. per com. 42,764 11,441 55,700 72,009 13,257 $321,751 $715,456 $819,211 $136,156 99,553 72,255 231,147 294.282 50,235 115,220 154,450 23,434) 105,905 14,005 ;. 2,461,542. Fed. 2, 461,542 2,461,542 State income 38,518 $78,651,739 $77,611,820 share $0.45 $0,54 $78', 651,739 $77,611,820 ' 88,839 excess-profits tax_ Net 4 $1;*49 . " $1.57 income .Common —V. Vx 50,282 36,800 ' Preferred Earned 109,802 28,779 depreciation deductions-! taxes surplus $270,658 745,568 in¬ amortization int.- $111,420 dividends..^ divs. May 31/43 64/7,884 32,005 than taxes, oper. for 2 Mos. End. $1,679,553 8,889 ' other 1943 $1,447,819 201,335 Total' operation Taxes, 1942 $563,980 to surplus Earned 625 Inc. Maintenance diver¬ by -the 1,875 & Statement of Income Account and Total 2,250 & Trust. '53,649 916,380 oft k,- ' 5,625 -Years Ended March 31— before taxes.—' $12,067,710 taxes Wood Bigelow-Webb, Total Prov. tor Lincoln, Nebraska-. . Shares 2,181,926 ' E. United 9,812,843 2,427,967-> of Rauscher, Pierce $16,213,888 $19,195,914 $52,466,414 $56,828,360 9,560,197., Trust Co. Beeerolt. Cole & profit$15,997,534 $18,962,640 $51,834,646 $56,070,052 ilTALX- 216,354 233.274 631,768 " 758,308 amortiza¬ and depletion..— in retail combined (Giving Effect to Present Financing)r 4-1-57 due B, >Common company offer four Capitalization Washington, Mr.. Stanley stated. was to tion reciprocally from both United been shareholders - wholesale and retail distribution in the Stales of Kan¬ Company also sells and rents gas appliances. The • convention and property and plant account of the company as of May 31, 1943, stands "at $7,342,215, including $87,582 of intangibles, against Which it has accrued on its books reserves for depreciation and for amortiza¬ , cer- shares, interpretation the succession other of the company's'.shares international „. Company purchases its supply of natural gas from the Hugoton NatGas Field in,Southwestern Kansas, from the Otis'Natural Gas Rush County, Kansas, and from the connected pipe line system of The Kansas .Power and Light c|o., and transports such natural gas so purchased through its pipe line system to the various communities served by it. ^ ' * an the 7 the These stock -where - Field in shareholder where York, New - ural , succession exemptions; cases 3,303,084 . of June made: attached to the company's pipe line system, of which approxi¬ mately 17,000 arc served at wholesale and 9,000 at retail. Company furnishes natural gas i'or heating, power and' cooking to large State institutions near Norton, Kan., and near Kearney, Grand Island and Hastings, Neb., as well as to various industries along its lines. income.. Nei step in launching the latter into industry following 25 Dec. Nebraska". towns come Corp.—Proposed Merger— company manufacturer, the of payable disbursed was meters usually known as .'-street ..certificates" the location of which need'not be in applicable of Canadian attention Preferred equipment 25 1942, dividend a value, the population no-par applicable upon shares' it; the apply iii located in State the that company of 3,160.382 . 673. International Machine Tool 21 A would hot. be authorities both at Ottawa and Common A holder multiple inheritance Retirement It is announced that on Oct, 30, 1943, this company completed 50 years of service, having been founded on Oct. 30, 1893. During its first year of operation the company rolled 5,600 tons of steel, and just before World War II production had climbed to 3,300,000 tons find 14,584,025 of and and Depreciation, some Completes 50 Years of Service— annually.—V. the on the taxes) Total income a a In 15, par amount Company supplies natural Canada, stock, Sept. 1, $1 each; and Dec. 1, June transmission ' . Dividend—declared and last. • company, is located in Phillipsburg, Kan. Company is an operating public utility company engaged in the purchase,? primarily, of natural gas in the State of Kansas, and in its ' Ltd.—Quarterly hnd subsidiaries for 194-3, issued by Robert President, shows a:net profit informed that considered and Operating Corp,'.Notwith¬ year-end dividend of $1.50 per share payable Dec. 1 to holders of record Nov. 12. of 81 per share were made on March 3, June 1 and Payments during 1942 were as follows: March capital Distributions Sept. blast of estate Period Ended Sept. 30 during the month of November, $1.50 Year-End on one 8, or amount : standing delays beyond company's control, this work has now progressed to the point where half ol the coke ovens ere now producing coke. The balance of the contingencies is the estimated under the existing laws declared no like profit any payable 1134. office A 1943—aMos,—1942 the United-States. The A include Intcrtype, Ltd.. British or thereafter. Liquidating value $100 per share plus divs. TransAgent: First Trust Co. of Lincoln, Neb. ■. j Company and Business—Was incorp. in Kansas, May 18, 1927, under (he name of The Kansas Pipe Line 6c Gas Co, By amendment to char¬ ter, filed April 9, 1941, name was changed as above. The principal company share a Consolidated being made in the construction ovens the by outside State, Furnace the year progress which was Co. States or consummation . Oct. 16 stock, 19. to 1'er . tax company's New York transfer agency, the Bankers Trust. Co., to .hold in safekeeping at a nominal charge .stock certificates of the company, if requested by the shareholder's local bank. M'.''•>-h - 19-12, it has been found that no excessive profits have been realized by the company during its fiscal, year ended Dec. 1, 1942. In are in common 9 not %--r and taxes Nov. on docs advance 1946 r: ./'• V-v.- stock outstanding. * physically York Suites of Blast $1,49 under provide located burdens of conferring with Government agencies in respect to a possible liability under the Renegotiation Act. As a result of such renegotiation, pursuant to Section 403 of the Sixth Supplemental National Defense Appropriation Act, 1942, as amended by Section 801 of the New qualify duties was Revenue Act Nickel United represented The was any are held taxes State and per share plus accrued divs. before July 1, 1944. /Call price -gradually reduced to. $105 per share plus accrued divs. if called in > $3,978,035 $29,644,016 $26,554,719 - laws" have (inheritance of New of credit. fo and result¬ Renegotiation In Ontario iiiicates are oil S3.0CO.OOO statement in . estimated .. 1943 —Month—1942 common death apply against 205.000 Callable at $107 stock, - This action, meeting ,than usual prior to .Dec. i5.s whne earlier 1859., 1473. ]). exemptions The directors authorized the purchase as of Oct. 1, 1943; first mortgage sinking fund 3d bonds due in 1961 at 106. ing reduction of the company's funded debt enables it 541.000 55,000 E. Wood & Co., St. Paul, Minn.; Beecrol't, Cole & Co., Topeka, Kan.; Rauscher, Pierce & Co., Dallas, Texas; The United Trust Co., Abi¬ lene, Kan., and Bigelow-Webb, Inc., Minneapolis, .Minn, of fecor'd .Nov/ 23.'. an p. $3,836,049 should 473,500 90,000 $996,253 Lincoln, Nebraska; Harold V regular quarterly'..dividend cumulative payment of "the dividend file the'-r final declaration pf duties 1. 191.000 25,000 47,028 - Natural Gas Co., Inc.—Preferred Stock Offered—An issue of 12,500 shares of $5 cumula¬ tive preferred stock (no par) was recently offered at $105 per share and dividend by the First Trust Co. of " permit calendar 158, and capacity production is being continued and it is-hoped that, the of our operations during the fourth quarter of this year will compare favorably with the three previous quarters. results for and Nov. and Feb. been Stanley is forwarding a letter to-United States' .shareholders advising that the directors of Succession Duties under the Dominion Full ; 244.000 conting. directors' the 15 Mr. labor. 42,208 $754,944 Corp.—New Of¬ A A Kansas-Nebraska Chemical & declared 5'i 7 explained, quirements, approximating the levels realized of the year, despite, increased costs due 12,572 $373,524 f o r i taxes-: .L Provision record p. . 9 the on must shares of are 1-5,092 $351,150 „„ Dividend of 25 Cents— _on $23,205,451 after all charges, depreciation, amortiza¬ tion, taxes, etc., equivalent after preferred dividend re¬ - , ■ Federal The of ';r^yA'A company $949,225 The foregoing relat'mg to investment subsidiary. c,':';*;1. r' 890. p. 1733. p. International closely rates and the $712,736 Notes—(It of 7 the nine months ended Sept. 30, C. Stanley, Chairman and adjustments, and has also been adjusted in respect to post¬ against excess profits tax. + Deducting administration ex- 559.214 $360,952 $1,50.1,439 per com. ,sliare_ " $0.37 $0.42 A;. , $1.02 $1.13 "After provis on for dcprec'at'on of $31,985 ($29,749 ■ in. 1942) for '■three months and 895,976 ($85,924 hi 1942) for nine months. A ■ ' Report—The report of the ending Sept. 30, 1942,' as previously reported, for proper comparison, has been adjusted to provide for pro¬ portion of $2,000,000 charged to income at the end of 1942 for post-war 406,903 < netr.._'.. income for 1943—9 Mos.—1942 $1,179,639 162,770 . Earns, . sas ■"income account for nine months ''iA 292,240,019 294,345,681 1940. Manning, Director of Research, has been elected a R. Bishop, as Vice-President in charge of the division, and Ralph W. Shafor, as Division Production payable order'to —V. ' $336,058 AA Reserve ; Interstate Department Stores; Inc.-r— October Sales- 13,638,000 $2,930,777 earnings A-Earnings per share.. 6,723,908 $523,722 in James Sales Net ' ■ $499,998 income Total $2,218,636' 863.325 period End. Oct. 31— 4,463,000 6,723,908 ... ,163.940 admin, exp. Profit Other D. share company 1.500,000 4,423,000 excess tax... 1942 1 director directors per par for 18,150,275 11,657,368 1943—3 Mos.-r-1942 profits loss President.—V. V. individuals 965,313 AAr-:' . normal Ac AA tax the. to-..vote ! X;:* :; :V 'L.' - 1859. p. Sell, & gen. A, and post-war Elkhart International Paper Co.—Preferred Dividend— in 17,310,650 12,388,400 ' Intcrtype Corp.—Earnings-"Gross ... the 1943—9 Mos.—*1042 $10,474,256 $11,135,974 $31,941,421 $34,511,983 483,474 ■ ■ f Manager.—V. 158. ; on for , .'fy....J—-A: 158, Period End. Sept. 30—r in: $1,105,000 ■ (& Subs.)—Income Account— 1943—3 Mos,—1942 Toiel •—V. 1943, without « Products $1.25 483,475 .. depl._iL- Vice Paul The income™--- to approxi- were 29,900 without Vice-President; t Period End. Sept. 30— meet 153,295 , International Minerals 1573. Inland Steel Co. 1943 etc. ficials—. Dr. $55,012 _ will <239,500 Worth, a , Amino 22,042,785 / projierty expenditures in Finland reserves 7.522.8(H) 19,601,105 . insurance and 60,766,771 8,079,646 ending Sept. 30, $18,035,000 2458. p. deprec. & -——A- for E. ; 27,627,825 60,766,771 1 60,606,500 60,606,500 surplus 1.:. J ■ ; 81,113,281 81,225,508 Exchange adjustui. in consolidation in suspense Dt'2, 461,542 Br2.461,542 -Were p. 890. elected .. Reserve for $1,294,534 $1,162,383 - $1,661,190 $1,363,400 share..—SI.10 $0.98 " ' $1.41''--:; ,.t'$1.15 1,181,967 shares of capital stock, t Includes $167,000 for U. S. profits tax. ^Includes Arizona income tax.2--V-. 158, 1,613,477 ■ Net; based Earned ; . International Harvester Co.—New Vice-President— 961,177 Miscellaneous deductions 155, i, for deduct, 8.114,891 . 294,345,681 Capital surplus : 9 Mos.—1942 110,327 income oper. stockholders $2,580,554 income, excess 1943 893,458 31 Net Sept. 30-- taxes, 252,565 ,600,000 292,240,019 ....^ Contingent, - "Earns.-jier $1,321,364 $12,525,789 $11,818,406 1,146,037. income Prov. range monthly With exp._^.....k stock.... on income..A / ,1:. dividend payable Nov. 1. Retirement system reserve..—— ■ 1 Prov, a 27.—V. 293,155 600,000 , Preferred Debt— RR.—Earnings— 1943—Month—-1942 stock. ~ , / test.) Prov si on " RFC Tit xcs exchange valuer common-- par A; 27,627,825 - taxes, est. < 14,584,025 nonpar shares) '—A payable and pay-rolls— Accounts International • contingencies- inc. -"On Prov. the income ■Res. it was recently reported, has paid the RFC $15,000,000, liquidating its indebtedness to the RFC,—V. 158, p. 1859. , Indiana Harbor Belt Int. Corp." for Unfilled : Detrola Nov, /' Int, and bond The company, tNet shares of $1 9/832,954' 29,181,886 23,204,405 . included compares obsolescence —V. 490,000 oj )erations i -A - A: •. p .u)A-: portion of excess profits ..preferred Pro vi si on and notes, $360,891; , ' of 4,755,687' 38,640,272 Common stock Inspiration Consolidated Copper Co.—Earnings expense, 134.3. i of $22,239,000. 9 Mos. End. $25,852; depreciation and (depletion, $1,573,574; property retired and abandoned, .$231,724; Federal Total effect, the share 17,404,172 ■ tax — the 29>in Detroit Earnings for 12 months ended Sept. 30, 1943: Gross earnings from operations, $8,515,341; Operating, gnd general expenses, including taxes income' taxes), $4,117,371; income from operations, S4,397,970; other income, $69,037; amount available for interest, depre¬ Other to one When : UabilitiesTr additional an. 39,188,450 15,761,808 Total .;'XA-A;'vAA'Y-v'A Mother than Federal : amortiaztion Refundable profits for the fiscal year ended Oct.-31, 1942, -alter a tentative refund in renegotiation of -$3,550,000 and a net provision-of- $2,904,000 "for income and excess profits taxes. .■ International stockholders will meet Nov. 20,451 thus order receive Detrola. International to will in .of • 628,059 42,222,641 v „ 21,577,001 Cha rges to f u ti t ro. " . ,r.. receivable--— w'_;_Ai.:AAk2'- Cash ■ profits for,Ahe.-saihe'.peilod effect of possible price adjustments- on Government- contracts were 82,065,000 after reserving $5,237,000 for income and excess, profits discount expense. v J 150,460,253 155,912,400 17,308,296. ,18v140.790 620,906 —— notes ■ merger is'completed outstanding capital'stock of the surviving co'rpo- and October. of of international net and p. shares Detrola and Net $3,056,335 87,037 ... of in 'amounted notes. & 10th $8,190,000 48,380 int., depl. and debt ol' 58,607 space. military automotive units.- A- stock common stockholders who 18 $1,640,000 for bonds Amort, 17,934 its mately $21,000,000. . 22,858 of ration will consist 2.673,646 $1,182,390 shares each Net on and ;Gpvernineht-;securities... .f: ,2AkA.A-LlLL:: Canadian Treasury bills, British and U; 6. notes,'' etc.; plants in Elkhart and Indianapolis, than1,350 persons. :?•:There'< also is ' a calls for, the issuance by merger the entire ' i ,, 1,135,700 avail, on v-> operations. deprec. Int. for , income Anvt. . g . , .......... Irom Other ' ,. Accounts radios.; feet''of floor 275,000 square ' • ■ k'_— —-k Inventories field. Production ol' machine; toof.sugenerally has peak reached in 1942 in tooling the nation's industry a Detrola * $5,681,602 $6,591,989 -'..Iv':, Oper. Miscellaneous1 securities ■ 152,000 • Sept. 30— automobile A";. ■Sept."30,'-'43 'Dee; 3Lr ,*43" Securities held of machine tools will continue to. be a major companies, and .the organization expects' after obligations to resume its -domestic and - export this from war. The (Including Houston Pipe Line Co.) Period End. and Sheet Property, less depreciation and amortization against, retirement, system res. "•'/ /') production.y-'Detrolaks tool more production wartime in declined for Gross some machine employ •'A Resign and building 1,013,843 $156,293 has which project of the merged Net invwar welding division at South Bend, Ind./ AAA AAA A & Products of International include "heavy' duty and'full- .automatic turret lathes and superfinisbing machines, and in addition the corpo¬ $1,174,229 $11,506 132,592 etc. $1,586,813 deeply commercial $1,163,825 Br 12 transp. levenue.. engaged buildings comprise International Indiana, Otuer are changers, $436,042 earnings Operating Both Balance 15, : 1943 $ modern plant, in Detroit employs some 1,250 persons'in making military radio and other service items exclusively, .; Pre-war products, included portable and home radios, record Lid.—Earnings- 1943—-Month—1942 Consolidated Assets C.'Russell Feldmann, President of both concerns, ..as principal,objectives of the statutory merger. • 1473. J). Monday, November Strengthening of International's bid for post-war activity and the onlistmeht of its larger capital for Detrolit's/pcaeeliitie' program of making quality precision radio and ,other equipment'; were listed .by fcash)__ 158, p. 1279. 6,490 72,024 $229,968 . 9,300 $227,773 $39,181 57,763 59,933. 68,842 87,418 9.824 ■ 58,637 • Volume 158 Number THE COMMERCIAL & FINANCIAL CHRONICLE 4229 I Kentucky Rock Asphalt Co.—Bonds Called-— have been There called be will Sts., made The at Louisville, Louisville Ky.~~V. 158, Trust trustee, ""5th Co., and Sales2—:^ In Market 1279. p. the 1943, October, $5,748,668 1 $51,452,620 $46,500,809 201 stores, as compared operated 158, of the first Jerome: Maek Trucks, Inc. Kentucky Rock Salt Co.—Correction— The item under this heading in last week's "Chronicle" given under "Kentucky Rock Asphalt. Co.- -See V. 158, Profit y,\' *\'y,V * v!^i * ■/ - 1 >''\ \ * v J • *'J v v . (S» S.) Kresge Co.—October Sales Off 0.2%— Period End. Oct, 31— J 1943—10 Mos.'—1942 ; 1943—Month—1942=• ... 18,372,422 the Of / in were 723 -stores the in and 62 Canadian stores and 18.400,499.157,576,397 150,518,249 at' the operation States United in 62 close; of 1943, October, a Earnings - 661 3.655.000 8,725.000 375,000 375,000 625,000 $836,577 $539,658 $2,033,579 $1 .812,462 597.335 597.335 597,335 $1.40 profit. $0.90 S3.40 125.000 . - ' % Shares, of com,- srk. ." ishkre per- Not0-^1942. figures :grc contract's.—V. American" against 671 year earlier.—V. 158, p. 1859. Canada, :N.et . ' Sales 2,910.000 : eohting— Rasevio. for 158, 9 ,735.000 \ ' 1943—Month—1942 Period End; Oct. 31— Sales ,/ $336,444. —V. 158, p. 1533. before giving effect to renegotiations of diudend war stock, p. ' 1859. Period End. Sept. 30— Net prof. taxes . 746,371 606.420 533.988 1,715,159 1.314.50(5 $0.81 $0.72 $2.29 $1.76 shares of capital stock outstanding.—V. 158, the Period End. Oct. 31— —V. .i.—_ 158, 1533. p. 1943-Moidh—1942 j. j.'. $2,736,601 1943—10MOS—1942 . $2,516,574 $23,990,037 $19,099,542 Sales — Up 3.7%—^ 1943—Month—1942 . $6,354,141 . V.' 158, — :v (totaling $399, payable over amount of these debentures. This Net basis mentioned is sufficient amount $3,500,000, outstanding. Lincoln Ward.- Sterne,' Agee and Leach, ' now Life Insurance holders Nov. for 26 the company of Oct. on 19 voted vote on to a from $2,500,000 stock dividend of $1,000,000.—V. of with; all-unmatured Wayne, special meeting a proposal to* increase to Fort $3,500,000 by 157, p. 554. next of stock¬ Nov! - acting Net ■ Calvert, 9 Mos. End. Sept, 30— Earns, per ♦After 1943 4 income $0.86 $0.36 share. com *IncI. • —V. charges and provision V. 158, p. 487. - taxes for $99,701 The $77,973 $1.08 (1943 taxes amount distinction as the among of 21 to and ■' Net .'income $2,518,901 $2,173,726 1,423,856 1,518,525 share per on 435,090 /—I • com. shrs— $1,095,045 — • Two important different $2.52 .... in $1.51 Kansas the latest are thick a 'TV/ /' section of Prov. •" : Simpson Sand in the Chitwood I^ansas City (Lapsing ( and the Viola Limes also acreage in being the Knsas discoveries, this company has found issues. from ry. T old to the success of the expanded "that 1943 reserves, of crude in are for the of extension existing pools. oil."—V. crude 158, p. 1279, to Cost $443,875, The cents - & dividend Dec. made were of 20 follows: as to March on cents 35 holders 20, June March turing and shipping, Selling & adminis. exp, . 1943 State the of 4,429.608 1,482,231 100,868 93,317 84.810 68,930 70.342 158, p. —V. % 5,654,406 758,090 13,918,930 2,064,402 28,872 31,873 32,009 14,027 ' $2,221,909 $3,997,071 $7,080,463 $9,881,298 92,460 90,098 273,891 279,908 $4,087,169 995,421 2,274,538 3,212,078 548,544 1,617,551 178,674 364.336 515,877 992,203 $398,411 $7,354,354 $10,161,206 $636,960 948,597 $899,751 $2,008,848 of amount based on an $2,534,729 948,597 948.597 1943, $357,000 in taxes.—V. has $0.95 $2.12 S. per 1 and estimate, made at income existing and rates. $4,445,000 for the similar period of 1942—V. excess 3 declared usual and 1942 158, p. This compares hi v. profit $137,000 in Louisville & Nashville interest . has been been on 9 Mos. End. •Net Earn, income per Sept. 30— —i— capital . all charges, $1,022,137 1942 1941 $756,016 $849,318 shares stock 0After 1943 —— 600,000 Earnings $1.74 $1.27 , $1.41 including provision for Federal income and excess profits taxes (and after a reserve for post-war contingencies Of $200,000 ill 1943).—V. 158, p. 1349. ' . - on On Opevs.—. common Nov. 1, last.—V. stock, 25 par cents, 20. 2.510,751 37,500 36,000 445.500 417,000 59,683 106,301 (571,219 \ 260,541 [514,045 389,800 $70,836 S95.235 $990,512 $916,714 23,354 22,857 289,352 289.071 $47,481 $72,377 8701,160 $627,643 20,693 20,693 248,316 248,310 $26,788 $51,684 $452,844 $379,327 l : taxes,,} J $4,299,230 2,120,63; 555,07 4 deducts.. etc., pfd. on stock,,.; 1534. p. Pipe Line Co. Dissolution — ^. the , will eliminate and court action directors, although the brought against Mokam and if,3 management; has apprehension) no the ultimate outcome oi' these suits, Mr. McGuire states in a letter The .aim of the company now is to preserve tho as to stockholders. greatest Mokan possible interest 111 Panhandle stockholders, he said. owns 65So of The company Eastern Eastern for distribution -v/' to '.—'.v.-...; since outstanding stock of Panhandlo it purchased from Phillips Petroleum Co. one-half of Panhandle shares which Phillips had bought from Columbia the 404.326 Oil & the Gasoline Corp. temporary bank $5,250,000 of Purchase oi this stock was financed through August, Mokan replaced this credit with placed privately with a bank and two In¬ payable in half-yearly installments from 1944 credit. serial In notes surance companies, through 1953.—V. 153, p. 1475. 157, p. have $19,000 of 1. Aug. ; been first 1922, at called Assistant Controller for redemption mortgage 6',b 25-year 102'2 and interest. Fidelity-Philadelphia Trust Co., delphia, Pa —V. 158, p. 1475. of Feb. as 1, 1944, a total of sinking fund gold bonds date;! Payment will be made at tho trustee, 135 So. Broad St., ' Phila¬ Similiar distributions 1847. Monsanto Chemical Co. and to the (& Subs.)—Earnings— (Including. American subsidiaries) President/and Assistant Treasurer. 9 Months Ended Sept. 30— 1943 sales Net Cost of 1942 1941 $61,244,282 $50,269,773 $46,733,30t sold,,,,,,—44.368,754 Selling and admin, expenses—,,,— 3,743,135 goods 33.484,275 30,422,240 3,507,716 3,357,534 1,249,849 1,074,095 $11,583,731 S12,027,933 $11,879,431 Research expenses 1,548,662 (Minn.)—Earnings— 505,547 1.344,301 1,540,864 $791,091 $658,993 $2,525,213 $3,237,756 51,482 Dr6,843 82,230 Net profit from operations- Other income 1,060,564 ———_~ 931,324 823,643 income Gross $12,644,295 $12,959,257 $12^703,074 Income charges ~287,293 437,362 349,163 $652,150 $2,607,443 $3,248,176 Normal income taxes, estimated/--- 1,974,248 1.931,800 2,347,723 6,237,049 6,611,660 5,032,000 37,800 44,596 37,600 $4,107,906 $3,933,838 $4,936,57.0 $2.77 *$2.65 ' . Net 45,606 . 235,464 113,885 316,662 352,054 206,200 312,225 884,400 2,014,800 Note—The .11,806 42,211 50,777 $268,251 $1,221,694 $992,326 ^Includes: . ^ Charged'to depreciation Charged to depletion—.. .. to Commodity In .a S. 1942 period were for depreciation and $4,199,772 in 1943; to 99,648 361,506 998.138 999,554 89 244,695 204.951 Investment less Inventories Prices Stabilization--Corp.,' Ltd.—V. 158, . report covering .tho nine months ended Sept. 30, 1943, J. H. C. President, says in part: ^ Base Metals; Tonnage treated was about 8^ higher than in the previous quarter but shortage of labO£ again resulted in operations being-Cafried"on-much below capacity. Mining operations during the »quarter-were-confined to. (he Kicking Horse Mine. Mining in., the "Monarch Mine will 'be resumed during the coming quarter. - Estimated $2.76 obsolescence $3,093,640 .in $3.57 a common the nin.3 for 1942; $2,416,603 Sept. 30, '43 Dec. 31, '43 $11,527,605 S7,718,14) — Government Receivables, 334,236 Mining Corp. of Canada, Lid.—Report— Waite, provision Cash U. tPayments the Assets— income___ "" p. 1072. for Comparative Consolidated Balance Sheet ' ■-. surplus 1941. 111,004 $499,668 earnings net months amounted in , to earned share. - mortgage purchased Cr— transf. inc. Earnings per common share—. •Adjusted 102,905 Consol. net taxes, estimated,,,, applicable to ttiin. int.— - income mtge. inc. profits Net income 10,419 $842,574 (.net) profits taxes„_ on bonds . share on 1943—12 Mos.—-1942 $5,292,569 Monroe Coal Mining Co.—Bonds Called— ,r income excess RR.—$6,000,000 Bonds Called— McGraw-IIill Publishing Co., Inc. (& Subs.) 1943—Month—1942 190,694 income There a the elected named provision for income & company , 1350. $428,231 taxes The step to participating dividend of 10 dividend of 8U'« cents per preference stock, par $15, and a record Sept. bonds ,' has called for redemption as of Jan. 1, 1944, at 102 and interest, a total of $6,000,000 of unified mortgage 3la',o bonds bonds with extension agreements of series A due Jan. 1, 1950, attached. Payment of the called bonds will be made at the office of the com¬ pany, 71 Broadway, New York, N. Y., at any time on or before date set for redemption at 102 with interest accrued to Jan. 1, 1944.—V. 158, p. 1859. ' ' ' \ < The , 569,650 company have appointed a committee consisting of G. McGulre, President, I. L. Letts and C. E. Main to study mean3 liquidating the company and to guarantee the independent, opera¬ tion of its subsidiary, the Panhandle Eastern Pipe Line Co. ' 1941 those of its .directly or indirectly wholly owned United ;'■■States and Canadian subsidiaries) income Total with; i "87,01:0 . W. 488. quarterly share ■tPayments" -1—- profits taxes 158,' p. 764. v.;' *3.600 121,097 Excess Gain - Marts has 893. p. , Net $2.40 Federal 241,955 287,763 of refunded Selling, admin, and genv. eral expenses v-.—432,893 948,597 $0.67 for 886,383 449,479 230,907 319.530 Directors of $0.24 $2,281,252 Note—Provision for taxes for the first nine months of 1943 includes; an 1,173,976 497,070 Missouri-Kansas-Texas ;> $102,685 $0.85 to holders of 1 June Carlisle 158, Other ,t 1,311,976 . deprec.,. for ; Balance /—V. 158, 25,671 "328,000 $0.25 1,766,088 — *10,350 $487,555 Plan— Period Ended Sept. 30— 1943—3 Mos.—1942 1943—9 Mos.—1942 Net sales $5,792,463 $5,514,714 $17,743,453 $17,828,046 •Cost Of ; 4,568,479 4,350,173 13.373,944 13,049,426 5,121,663 503,314 profit ———— Shares outstanding Net profit per share-— •469 income Divs. T 11,782 $143,874 participating cents on (including 2,228,940 $2,314,369 Net 55,398 ■ •:■■-' 27,366 Minnesota & Ontario Paper Co. 14,349,445 charges- "1,05.1 30,449 /.■%. expenses 43,439 5.017,429 $0.28 , the $3.25 10 Lawrence Gerald for depr. & deple. Miscellaneous $66,7i:j 13,078 revenue Net 1940 $2 756,692 •364,000*430.000 Nov. on .share,and per made were ■ Provision for taxes—;.— Prov. 1940 $94,328 103,242 ' , all payable Dec. 1943—9 Mos.—1942 4,964,250 699.054 _ 1941 $191,371 64,646 income,,, oper. Federal ; profits excess directors dividend ' . profit—»— 1942 $155,310 Fed. excess profits taxes $1,335,000, less tax remitted making net > amount refunded $891,124. Despite this net gain - reported for 1942 remains unchanged."—• - Operating Miscellaneous income R R.—Earnings— 20, 1941 29,420 . 818. p. share of' the ' 1,894,58; 218,915 and Dec. 21, 35 cents each.—■ v result' the .company $7,885,213 $10,409,567 $23,063,795 $26,459,683 of sales—manufac- 1,521,236 income,/; oper. Provision . Sales 990,323 $245,553 . . 1943—3 Mos.—1942 987,951 for. the 188,385 from General | ; Metal Textile Corp.—Participating Dividend— Lone Star Cement Corp.—Earnings— Period End. Sept. 30— r period taxes Micromatic Hone Corp.—New Officials— : 1,656,500 $1,236,380 stocks pfd. railway railway • Operating that production in the; fiscal year Sfept. ,30 -exceeded, by approximately 100^ that of any other a in 1943 wells ranges from 4.000.to 10.000 feet. Tests by exploratory crews are under way in many, areas where geological data indicates the possi¬ bility of 1,546,721 $2,237,451 Mississippi Power Co.—Earnings— contrast Depth 135,671 $93,451 Period Ended Sept, 30— $5,316,541 6,422.096 $309,000 in adjustment,, of the past several years, with the expanded drilling program calling for the completion of from 35 to 40 wells. Approximately onethird of these wells are wildcats, representing our bid for new fields, others 121,237 1534. ♦Loss.—V. ;T.;iMackay;vPi^sidtmt,Vstates :*V. 157, in any while 2,873 $2,892,880 $187,934 January 1— railway,,,, from railway Net /. " $156,777 for of program, Col. the first nine withdrawals from general .decline in the Petroleum Industry's reserves, "The company expects to drill three times as much footage as 488. p. 1942 32,849 taxes as during were 7,965 $3,784,172 $1,249,500 # a f 158, $5,776,685 96 524 F'ed. for ended exploration added greater than the company's would amount to for the entire year. This is reserves the p.m., year. • ' >;?"The (GovernmentWand;the company," Mr. Mackay stated, "have concluded renegotiation proceedings for the fiscal period of 1942 and . of to • (Kan.t, Midland and Tyler (Tex.) and Jackson (Miss.), undeveloped' acreage has been- acquired during the year in' Kansas, West Texas, East Texas, New Mexico, Louisiana, Mississippi and Arkansas. ' .states 1943, 1, Mergcnthaler Linotype Co.—Production Up 100%— Wichita Attesting to 1,027 $229,122 " expenses...;.. •Including other important months 1942 1943 $7,058,619 (net) provision production this year in SoUth Arkansas and West Texas. Through the activities of branch land and geological offices, located Barton $2,890,007 From Gross officers . — H 30—' Net / profit - new in $3,776,207 $9,442,315 709 from Net V •; Earn.-per-com. share.... Pool, showing are 6.552,30c) $228,095 'Gross income v." income . oil and gas production. The company holds substantial this Central Kansas area, and plans for additional drilling formulated and put into action. Augmenting in Payments 50 cents; and Sept. 21 - for commercial are last/ 1st,mtge. bonds, on income The discoveries are in the North Stark and the Chit-wood Pools in Pratt County. Completions have been made in the Viola Lime of the North Stark Pool. Wells of large flowing potentials now are being completed, in. Dec. payable were .,--./amort.;& otherTnt./^;;' ' 22,651 Other cilgsl & mi seel....> devel¬ ' where the 20, $1, par distributions Depreciation in the accelerated search of this company for additional underground crude oil reserves in 1943, according to Col. T. H. Barton, •vrrV///'■" stock, common Similar Depletion discoveries due quarterly a sales, sell., ship. admin, & . opments President. 4. 158i-'l>.: 1534,. Int. field new the '3 Mos. End.' Sept/ New Discoveries— .-• that Sun."—V. d/clared 8 Net sales $655,201 . 5,705,718 $308,462 Mississippi Central Interest, '— —js S9,481.925 640,549 Mengel Co.—Earnings— 1942 . bef. Fed. taxes. 1. . on Sept. Nov. on Dec. record Cost of Earn, $350.—"Baltimore ol" directors per/share ; V. s including coupons, 1943—12 Mos.—-1942 $868,644 541,499 $309,171 September— — 1943 Co.—Earnings— 1943—Month—1942 - Federal Net. ry. .60 cents; June 20, Lion Oil Refining Co.—Earnings 9 Mos. End. Sept. 30— Net income after all chgs. but Provision for taxes last $849,961 revenues 158, p. Gross . $1.44 7. 10, < , charges Net Master Electric Co.—-To Pay 35-Cent Dividend— 1940 cents income Gross 1941 $34,560 all $159,771). 3942 ' . 50 . a - $64,994 of Balance point out that the few market transactions in these debentures taking place this year were at prices around $42 per $100, plus accrued interest. Allowing $14 maximum interest, this would be less "than $308 per S700 debenture as compared with the Lindsay Light & Chemical Co.—Earnings— •Net tho agents for the Maryland as 22. - present'offer % for - per share and the usual quarterly per share have been declared 011 the common Dec.' 10 to holders of record Nov. 24. Extras oi paid on this issue on March 10 and June i860. Dividends applic, bankers T'he stock the capital the declaration of . of 1953, Maryland-Trust Co, depositary, Baltimofe, Md., not later than 5 Stock Dividend— call to Co. were loB, p. oper. Interest ' f . same-footing.'without National The. directors operating profit $351,545. it cents Gross income or a ;nb'ticef to debenture holders, the banking group points out that only remaining value of the obligations is the annuity worth of Casualty- company's-interest guaranty to Dec. 1, 1953. Because of such eXhauSriou of principal assets, all these debentures are upon the $6,-125,613 $53,806,197 $44,979,146 Intl.—To Increase Capital—40% o0 Other income retire to Any holder desiring to accept this offer must deliver his debentures, v was remained at $110,000, funds on handdevelopment program.—V. 158, p. 675. obligation guaranty the 1943—9 Mos.—1942 1474. p. ou, the company dividend ot cents each -Mn ,T , immediate settle¬ applies tor the, 20-year debentures, clue Dec. 1, • debenture -corporations: American, Arundel,1 Casualty- Co. Lerner Stores Corp.—October Sales $350- in pay following and ■ Period End. Oct. 31— to -Carolina,'Continental,-Franklin,. National, Potomac, Potomac Consoli¬ dated knd Potomac Realty Atlantic. •f/These debentures are/guaranteed only as to interest and not as to principal by the Maryland Casualty Co. T'The offer is;.being tendered by J. G. White & Co., Baker, Watts & CO.,' Merrill Lynch; Pierce, Fenner ana Beane, Stein Bros. Boyee, 487.. p. proposes tile $4.600','750 principal /..This; offer Lane Bryant, Inc.- -October Sales Up 8.7%— Sa les '>x on:'the .'.76 V'of share;/.: per. to made /There has-been,made'available for the purpose of the offer $1,750,000 which inc. (est,»^i;%.„L——• "Earnings "On Fed, had Minnesota Power & Light • $700 principal equivalent to $50 per $100 principal amount. offer-is • $2,276,403 $3,741,554 $920,183 Estimated year, labor Period Ended Sept, 30Operating revenues •Oper. rev. deductions- to interest by the " • ten-years!-son each 1943-^9 Mos.—1942 ' 1943—3 Mos.-1942 $1,169,705 aft. / inc. taxes- (est.) to both payable year,—-v. has authorized a group of bankers, acting as ite immediate lump-sum cash offer to purchase obli¬ company uf its-interest ment Net profit bef. Fed. " This gations of: ten debenture corporations, guaranteed as Maryland Casualty Co. H^The Maryland company <; of- the Sept, 30, 1943, amounted shortage of Loans extra $3.03 agents,-to make an 1943—10 Mos.—1942. (& Subs.)—Earnings— ocpr. ' ; rLambert Co. triiucu Minneapolis-Honeywell Regulator Co.—Extra Div.—' 597.335 -a $94,542,254 $87,515,058 $10,547,340 $10,278,315 quarter As being required to carry out the Maryland Casualty Co.—Invitation of Tenders— (S. II.) Kress & Co.—October Sales Increased 2.6%— juumua impossible to do any past your, it was found necessary to suspend milling operations at the end of August. Tonnage of pre milled fov the eight months ended Aug. 31, 1.943, was 107,608 tons; from which was recovered 18,(>41 ounces of gold. Estimated operating profit for tho eight months during which milling operations were carried on wad ex- .profits Maxes cess - V iucome and Federal 1859.' muu development work lor the —Earnings— 1943—9 Mos. End-. Sept. 30— •>•<• ",J 1943—3 Mos.—1942 1942 after deprec.g-..i..$3,871,577 $4,569,658 $11,133,579 $12 ,172,462 •)v Period appearing should have been p. 1 uv nine months ended 1474. p. iot Tonnage of copper-zinc ore treated was approximately higher than in the previous quarter but considerably below that 6.5'" $5,655,982 company faviiu Normetal: 1943—10 Mos.—1942 with 203 stores in tlie same month last yV. ''' ■■ 1943—Month—1942 Period End. Oct. 31— ■ redemption as of Nov. 18, 1943, a total $85,000 of 1st mtgc. {Ha V registered bonds at 100 and int. Payment of McCrory Stores Corp.—October Sales Up 1.64%—. • for 1930 securities 1,000,000 reserves,, —,, " — in British subsidiary 8.068.857 10.285,872 ' 9,036,346 11.087,916 729,413 729.413 cost— 8053)14 805,914 investments, receivables and deposits— Post-war Federal income tax refund, estimated Land'—— 891,381 741,937 1.630,894 928,000 2.361,736 Investments in company associated companies, at Miscell. —— —— Buildings and equipment—,—; ——— less depletion,,— ;—■ Phosphate deposits, Patents Deferred and processes—,,— charges 2,392.453 13,057,084 4 — Machinery — /. — — 46,420,035 732,343 12,705,077 45,093,151 ■ 773,147 1 I 682,750 502,340 $98,224,602 $92,433,123 THE 1940 Liabilities— National .*Net estimated income Note COMMERCIAL & FINANCIAL CHRONICLE liability-,-.—.-$236,568 tax payable to bank' in Cylinder Gas Co.—Earnings— $1,194,158 316,264 Accounts payable and accruals—4,551,898 Preferred dividends payable.—.—445,000 Deposits for returnable containers977,091 Re.erve tor deprec., amort, and obsolescence—£ 27,080,444 3,581,174 American subsidiary..—526,567 $4.50 cumul. dividend preferred stock, series A 5,000,000 $4.50 cumul. dividend preferred stock, series B 5,000,000 $4 cumulative dividend preferred stock, series C 11,000,000 488,767 11,000,000 Common 12,416,940 reserves stock ------— — interest Minority —— Total Federal for "After deducting U. S, Treasury tax notes-—. 158, p. 1735. * - of -~V. 158, , rJ.V 1,335,701 intended the in 9 to Cook County unions discontinue and (111.) Superior Court labor 14 leaders maintenance of its for tion and 194*2 to abide following by and for Fed, 1943 Posters will in not the be Federal Court maintenance In the its expenses.. untrue Dec. taxe3_.__lr>— Washington restrain the to has suit nine filed stores, unions be statements mail order houses and warehouses, restrained and from requested publishing hearing a on "Cost also asked with further the asserted the injunction within The J state that maintenance of membership is form, a tinue Ward's will voluntarily not quarrel no with unionism collective or Period End. Oct. 31— $ $319,498 income—' 32,499 - . directors ——. bourbon outstanding, dividend whisky payable will cipients' be ' and cum. for each 1 conv. ■ include the 30, construction results share of M. Wellepp, of $25 of To — 27 b'uv to in accrued stock the barrel and record for that two .sizable any of price in years of which his the which before the September, December, cash tax in 1941, $1.07; of one the kind," shown are ' . ceiling prices cents two Stock from the expenses profit Interest in the in rj income profits sale on shares M. 1,^65,203 $152,986 whisky. tty to 4'A 27 gallons 1940, The Net 1,722 ' Drll,160 $150,917 $71,888 $436,941 5,016 13,242 70 • . 1,263 'i ' 7 . 4,000 3,967 to be and the —V. Cr22,000 11 ' * deprec. by $1.19; November, 1941, the stockholder to p. share, giving charges addressed a distributing stockholders to substantial dividend a by Joseph $28,774 8,862 offered share per holders stock given the until of the with for $38,872 8,954 Cleveland 8%' of Net sales Cost to for the shares Co. Selling and $6 by the stockholders." 156, 1777. p. Telephone & Telegraph ■ sales, Operating Vice President this Loss " since 1929, has been Reid.—V, 158, p. 1535. Corp.—Earnings— returns and 1942 1941 1943 $20,650,754 Profit $2,203,823 income Provision $3,363,024 72,032 61,876 64,254 $2,275,855 $3,424,901 $1,895,594 — Est. income ' expense provision for normal, surtax Jk profits taxes__-._J_._-__- Net credit $1,831,341 103,583 2,885,000 L per is renegotiation Impossible proceedings will be The 1,094,500 to report further states; refund for 1942 to $436,318 state It is what the have effect, operations for not practical $691,813 $0.99 $0.52 proceeding lor 1943 results of on the to not if 9 been of any, months of com¬ such 1943. allocate the renego¬ particular quarter or quarters of such year and it is therefore not possible to determine earnings for the 9 months of 1942 which would be comparable with the earnings for the 9 any months of 1943 shown above,—V. 158, p. 1735. < (G. C.) Murphy Co.—October Sales Off 4.59%— Period End. Oct. 31— Sales In 1943—Month—1942 $6,998,258 ________________ October, 1943, against 207 in the the same Consolidated * 000; net National Dairy W. of Monsanto of National announced. Irwin, company month 1943—10 Mos —194'' $7,334,808 $63,770,891 $57 999 047 had, in operation 206 stores' as last year.—V. five years executive assistant Chemical Dairy Mr. Co., has been appointed Products Corp., L. A. Van Irwin, who was assigned to assumed his new post on 789,161 Nov. 8.—V..153, p. to to the Eomel 1860. the terest, 2*8% prior 1943 patents, President administrative staff has duties etc., _ 27,169 31,645 29,595 23,560 $1,986,471 $2,519,490 $1,796,196 981,632 981,632 1,963,264 981,632 $1,004,839 $556,226 $814,564 $1.01 $1.28 share per $0.88 within J: SO.91 share.... $2,248,954 30, $5,114,464 $1,554,262 $2,125,230 $1,187,936 $2.79 $3.58 $2.60 incurred upon have $2.64. expenses, and/or 158, 676. p. 157, paid 25 on to of 25 holders May 20, last, cents 15 cents of on Sept. and on 15 Div.— share per record Nov. Dec. and 25 on 15. 15. A 1942. cents on 1848. p. York dividend a Nov. made was- company 22.—V. Co.—Pays Another 25-Cent declared payable Chicago Jthe tp Otis & obligations, an interest approximately 2.21%.. Other bidders others, 99.4723 for 2Vs; Harris, associates, 99.2999 for 2'As; R. W. Pressprich of company Co., lot* & itself and 99.5499 freight for locomotives being built for the road by the Lima Works. ICC upon approval of the is^ue, the Nickel Plate will- redemption 3% bonds, a bank loan of not to existing treasury already had such assurances 158, New York Dock an funds. exceed $2,000,000. However, accommodation the be can road had on 1860. p. Co.—Earnings— J. , (Including New York Dock Trade Facilities Corp.) 9 Months Ended Sept. 30— Revenues Taxes, acceptance A 1943 , §3,999,943 Expenses in respect of Defense Facili¬ completion 3.926,528 taxes, maintenance, repairs, depreci¬ contingencies. tOn 1,963,264 shares of capital and stock, the 19-13 certificates of indebtedness, $3,000,r receivable (netr, $14,369,465; inventories costs 1940 $7,033,390 4,908.160 ; for favorable'terms.—V. 6,025,000 Sept. 1941 3,926,528 the company's procurement of which to supplement \ :'£■ $3,867,307 Sheet, 1942 $5,480,790 $1,258,081 J per distribution new has interest, etc.™ 1942 1941 1,320,104 . $3,649,392 2,017,132 $3,117,221 2,259,985 ' payable, Note--The taxes. installments $250,000; reserve taxes apd p. $6,600,524; due accrued within taxes, one wages.< 1,292,476 -1,078,972 1,767,162 year on one ,10rye,a,r Corp., (J. J.) Jr„ Braeburn, La Pa., J,-—v. the of Braeburn has been elected a director, 158, p. Z: Wiftt ' - ■ %■•%' $271,087 for income profits tax.—V. 158. ):..>> Honduras Rosario Mining 1943 expen. Int. . on 5%- divs. Neptune debenture Profit on investments-. on Gold 9 —V. months---__-:.._._i.__ per share-.-. 158, p. 1941' $322,679 - 32,517 10,685 $933,956 $311,994 40,955 40,732 28,513 1,649 -2,322 Drify796 $336,689 $405,523 $384,611 52 899 ' Co. ' 28 513 $2.13 $2.18 $2 04 166,778 September quarter net profit •Earnings per.share_.__.l_.__. the ' $366,472 28,513 Mining notes investments__.._„__:_,.___ Profit for Co.—Earnings 1942 • from Operations.:.-$325,573. Interest and 201 747 110 162 $0.90 $1,081 $0 59 1072. 11/4. New York & Harlem RR.—Tenders , 1943—Month—1942 $7,713,022 p. %;%,%. — Newberry Co.—October Sales Up 6.3%— Period Encl. Oct. 31— %-,%• $339,784 provision excess^ o^jn^^.rqpertieji ,_L— J. $326,834 "?endii,urp5j.4)p new properties----^1,262 ■. Earnings Alloy to succeed . ' " President and .... 9 Months Ended Sept. 30— jProfi^frQih! operations before renegotiation of profits under t,he: Federal Chairman .. $419,853 inclusive, of Federal ( year of McGr-'w 1175. New York & .. for Federal and State taxesnFederal, State and foreign income New Director— foregoing figures are liability is indicated for No in¬ reserve for : Net ,income: $250,000), $5,5G0,00Q; insurance, service, adjust¬ ment; and miscellaneous reserve, $1,552,542; post-war adjustments, $400,000; prior, preferred slock (par $100), $22,640,400; • 6%. cunrulative preferred stock (par $100), $6,468,700;. $2 10-year preference stock (par $40), $11,181,480; common stock (par $10), $11,549,280; earned surplus, $6,973,819; total, $79,673,948. 158, V 3,926,528 with . total, $79,673,948. $976; $410,508; and exc?ss profits --V. 1940 $1,772,636 all of its outstanding Lake Erie & Western ex¬ due Jan. 1, 1947, outstanding in the principal amount of $4,933,000. Redemption of the latter bonds will necessitate S. Government $2,152,027; Sales ' 1941 $2,489,895 $1,735,332 directors tended for note .payable, years, H. ,1942 $753,700 basis call 5,108 renegotiation law—includes unpaid balance of 1942 taxes.of, $1,897,397 TTesr. U. S. Treasury notes—tax series of $11,332,730), $3,994,668; 10-year 2%'v^ note payable serially.. 1943 to 1952 (less installments due 7,000,047 Co.—Earnings— paid Contingent ,■ .____ U. accounts reserve la,"e Goc-^e T. president executive 2,692 13,430.000 Balance 15 75,789 ■ Renegotiation profit— by 7,222,229 $821,580; «less assets 11,097,520 $11,630,802 $11,178,462 quarter. for Locomotive 173,023 , 73,304 income renegotiation Federal , investments and other assets, $3,603,546; fixed depreciation of $14,327,6901, $17,350,492; facili¬ ties acquired in the interest of National Defense during the emergency period (less amortization of SI, 192,993), $3,119,899; deferred' charges, thereof, T. 158, p. 1535, Products Corp.—New Executive— for plan ' $27,134,760; reimbursable 7,063 —. annuity and taxes $9,954,162; and reserve!, 13,234,403 $1,250,603 Co., Inc., and 99.31 for 2%s, and Salomon Bros. & Hutzler, for itself and for 2'As. The certificates will be dated Nov. 15, 1943, and will mature. in 15 equal annual installments of $135,000 each, payable on Nov. 15 of each year starting in 1944. Issued under the Philadelphia plan. They are being issued to finance approximately 80% of the cost of 1,158,184 State and foreign Consolidated Interim notes (less Steel James assets... ———P— $319,058; $0.82 , tiation 109,281 /•; $597,335 share-..--.. common Note—Since mended,J it capital the ,1,363,856 patents, deductions 1941, Hail 32,835 1,506.848 and excess profits taxes) deductions under $7,873,193 $75,508,219 $68,634,607 5,258,734 50,643,014 46.358.625 $1,311,815 outstanding ($25 par),—V. & Co., others, 359,677 158,914 3,076 retirement Liabililles—Accounts profit Earnings 136,472 .y v 1,691,266 CrHO,217 • — excess Post-war 114,297 — profits 1943—9 Mos.—1942 $7,884,414 $75,585,544 $68,729,586 11,221 77,325 94,979 12,896 , acquired in t %* ; J J Defense—,, 555,164 debt,.__j.^—— for Federal, excess profits ties Total Other 1943—Month—1942 $8,523,372 rev. *+ • Halsey, Stuart & Co,. Inc. bid 99.39 for facilities on National of \y* ' Co.—Earnings— $5,184,609 included 1,207,793 under /:V'' »■'/ 811,194 capital cost $11,445,278 J ji,091,004 Assets—Cash, Other '' according to maturity. 4,464,859 allow. $15,172,393 before sales 1942 _i___ made Miscellaneous Law $15,112,316 $13,593,086 depreciation.— 11,907,997 10,551,536 10,411,475 Provision for depreciation.-—258,339 404,418 378,846 Shipping, selling & admin, expense 802,234 793,338 971^425 of *' 15, 1944 to 1958, inclusive. Offering of the certifi¬ cates, subject to Interstate Commerce Commission ap¬ proval, is being made at prices to yield 0.90% to 2.40% 54,443,877 inc. J. Nov. 286,138 than a as their p. 250,310 disposition on Payments of 1943 158, depreciation—_______ (other reported 1351. deposited offer.—V. , Taxes 4.38 % month & St. Louis RR.—Equip. Trusts Stuart Si Co., Inc., was successful among five bidders at competitive sale of $2,025,000 2 Vs% equipment trust certificates maturing annually : on 82,193,517 (other) output or ,— New operations---^—--——$20,400,445 $11,159,140 funded on kwh., corresponding Offered—Halsey, expenses...—4,454,693 from the. interest .of Interest and Sept. 30— less Co.—New * • elected President to succeed the late Frederick H. Cost is — similar ———$107,048,655 $70,067,876 income Tptal Interest Gross 26,726 preferred stock and It is reported that stock. — general reports electric 2,284,660 the $1,708,164' $1,954,826 inc. The (& Subs.)—Earnings— sales— of of for 1640. depletion stock $105,523 26,580 have 'already under customers—,.-——-— amort, 9 Mos. Ended ■■ income from "After In preferred the Trust National Supply Co. for Mullins Mfg. s:' /.'x oper. p. Surplus (Earnings Nov. share per the majority a kwh. 140,176 . 15, 1943, an extension of time & Co. stock purchase plan (see V. 158, Otis $100 Provision received are Is $31.59 a share, after accrued charges of 54 Kentucky State and county withdrawal taxes, pav- Ogden, 178,000 ' /^//////lJ'/ plan $158.67 the were * a 3,036 28,000 ______ 9 Mos. Ended Sept. 30— $1.07.. equivalent "involved Is not incurred by letter a States r , advantage of 1281). $1.19; 1942, three gallons, $1.13; January, three and one-quarter gallons, and payment of an have take The the four gallons, distillery would Stockholders 7%* a v . each on value, therefore, P. ■'(. '• National Refining Co.—Offer Extended— indicating Association 1943 1 140,176 158, p, 1072, net Floyd 158, ation, $3,866 The President—: increase 3943 Dividends paid . .r profit "Includ. for Mountain Oct., New York Auction allotments of gallons, needed be kind. dividend certificates seller.—V. an 91,398 - stock Provision the the 52,185,671 Surplus Dec. on of counsel for representing • $433,904 8,000 O. 5.18'.^ week $525,303 69.938 taxes... of & output or $1,790,506 846,039 $83,048 and excess electric kwh.J corresponding Year Ago— a 31, is revenues Dividends 30,686 debt for Provis. funded date by Oct. This of in operating etc. the May, of would in the proceeds to dividend output Proceeds 1943—9 Mos.—1942 $149,195 $9,129 on reports 625,719 the \ ,*'" Net 21,517 - Lhe the ended New Jersey Zinc . income J.— Total . of for is week 5 3 Mos. Ended Sept, 30— $999,025 income opinion Nov. ^Income $9,059 opers._ income cents —V. at $179,881 . kwh. Earnings, Nine Months Ended Sept, 30 — on Net able semi-annually 438,989 $30,576 Other; income.(net)— gallon. a President. the the kwh. gen¬ Other "In expenses, $618,870 261,009 sales. on Association—Output—- Association increase 12,083,916 income Dec. , from shares which company, according profit 1,448,186 > subsequent to . v the an ago. Net Net Exchange. distilled was gallons 1942, by 1943—3 Mos.—1942 _ the company, the dividend is income subject to Federal income tax and to stockholders at the fair market price of the whiskies; and such value is the OPA ceiling price on Krieger, 31,916 $23,689 department operations $291,585 * " ______________ sales of Net Exchange, has one-half May, whisky dividend to 31,916 $119,411 Pole & Treating Co.—Earnings— eral re¬ was distilled, the amount,, and the OPA charges: May, 1940, two gallons, $1.51; June, gallons. $1.46; August/1941, two gallons, $1.25; and one-half gallons, $1.19; October, 1941, two and two and the OPA included are dividend three-quarters gallons, Sale ' . This the whisky accrued 1941, the at range details of 1940,, one and one-half gallons, * - 5, is Operating revenues__ $8,510,476 Operating expenses 5,695.348 Operating taxes.^—1,503,313 65,164 * operations 439;i00 891,733 i , 52,805 for month Operating 33,658 , Nov. This of production (Earnings stock Vv which Baltimore Stock Baltimore 48 of number are the Uncollectible ago. about month one getting Following month 47,343 •" . ended kwh. Period End. Sept. 30— ' , "" Selling, admin", and Ken¬ capital Nov. receipts, commission of a the on contains whisky the certificates charges listed n about youngest a I t> $107,049 > idle plant expense, interest on first mortgage bonds, bond amortization, etc.—V. 158, p. 676. sales "Cost Pay gallons of value par of assignable member of a Whisky of ten different ages distributed, the oldest of which and Net Loss desirous $12,654 $64,591 and December. 150,926 ■ ■';.;; 16,848 •——^1 J-' t 186,643 $412,853 499,100 New England Telephone & Telegraph 479,491,049 tion. A ('): ' 7,249 week 54,470,331 $90,201 141,491 -. 156,222 ' J 29,214 "Income dividend a stockholders to form the (Mich.) Co. declared 8 i 516,012.000 cu. ft., an increase of 34,086,000 cu. ft. or 7.07% above production of 481,926,000 cu. ft. in the corresponding month a year ago.—V. 158, p. 1860. < 1875,385 $5,404 t £5,749'95,949. end of June discount $ '"'"-L $ vr 1351." output Gas $965,586 ^Deficit. may Walter 1,195,443 ■/ ago. year operating, selling, administrative and general including provision for depreciation and depletion. not the con¬ exchange at warehouse for whisky in barrels/on which storage charges will accrue beginning Dec. 1, and on which State and County taxes have been accruing since the date of the distilla¬ less of « 1730,997 J ———- • ______ 5%/ Gross Dec. in 1,847,412 ,u taxes— production For earnings $736,401 $359,291 140,268 loss June , Nov. on $2,228,401 October Production Above estimated to 1174. 39,793 - $$20,615 \ : deprec. (Does not 1943—9 Mos.—1942 $ (Tom) Moore Distilling "Whisky" Dividend— The the "Including of bargaining. 76,067,626 464,712,336 1 1, at p. 12,894,335 National 60,646,535 offered $1.87 1943--3 Mos.-M942 $$53,114 - 1943—Month—1942 Sales tucky J: . profits taxes for the applicable 12,742,922 Period Ended Sept. 30— 7 1640. $2,923,113 only at the closed shop." October Sales Off— 158, p. 1,326 $204,878 $2,227,075 reported at 123,236,000 cu. it., an increase of 7,827,000 cu. ft., or 6,78% above production of 115,409,000 cu. ft. in the corresponding week a year, ago. ^Including has Ward's attack Is aimed The $2,26 made be sold. debs. Net it. "Ward's —V. been will $3,213,834 '< •/—— for inp. but and has profit.—— depletion Int.- on accepted maintenance of membership at Chicago for one year under duress and only because the President of the United States expressly so ordered. Ward's did not voluntarily agree to this illegal requirement, 1943, "'1943—9 Mos.—1942 deductions-—— Prov.v shop, and continue: uneconomic 30, excess the Gas $3,831,368 ^ - "Ward's and $2.91,J ,JJ Sept. Federal 12,709,635 above 2,012,868 ■ $4,826,466 . $2,689,807 income Total 1 posters closed >'• •• to law." inter- New England Gas & Electric For Fireprooi'ing Corp.—Earnings— products misc. SOther was the of Other ■ Heisler, attorney for the unions, asserted the injunction was prevent publication of the magazine Spotlight and charged a move to infringe on the right of free speech and a free press. He predicted that the company would be unsuccessful "in avoid¬ ing the main issue, which was and is before the War Labor Board, a fact which shows that Montgomery Ward does not want to comply it ended Operating Francis intended that 1 3,852,532 shares. Period End. Sept, 30— tNet sales : days. months - in from enforcing the WLB 1,158 $261,458- after 158, p. above which employs up to 85.000 persons company, 693,720 Act.—y. 158, the contract been $6,537,956 902,173 . -9,902,821 share— per National that state that $9,581,171 of average rate which it is anticipated for the year under the 1942 Revenue v plants and 8 $2,921,955 17 1941 1,019,601 J.$5,955,178 "On 2,045,451 contract. retail the ten at stores and after damfige suit the 659 that company's continued -V. 1942 $16,877,600 _______ bmort. f Note—'Provision for Federal income and membership agreement with the War Labor Board. $204,861 287 charges i,' 171,981 117,014 applic; to pfd. stocks for the perio<l "Incl. income, capital stock profit "Earnings it membership agreement was accepted by Ward's order by President Roosevelt directing the company an $261,171 — income income year of decision of a $0.84 after deprecia¬ reserves interest Net -VI maintenance in that $0.72 Gross Net. Corp.—Earnings— Sept. 30— oper. and excess profits $1,000,000 disclosed and union. The In the two 1,334,698 $1.21 (Including wholly owned subsidiary companies) ; Less : asserting that it had been damaged by alleged defama¬ tory statements published by the United Retail, Wholesale and Depart¬ ment Store Employes of America (CIO) and ils local affiliate, filed the 1,335,701 revenues income est 9 Months Ended Montgomery Ward & Co., Inc.--Sues CIO for Libel— Nov. oper. $1,127,824 ... The company, suit Net 1,300,000 $958,434 National Distillers Products Prov. against .2,718,000. 488. p. 1943—12 Mos.—1942 $830,164 $10,170,374 $9,608,883 625,303 7,248,419 7,381,803 ,1638,869 Dividends 10,919,311 \ stock... common 1943-Month—1942 $900,040 ____ $2,427,824 $1,617,679 _____ __ Co.—Earnings— Period Ended Sept. 30— Operating revenues "Oper. rev, deductions. : - and Earnings per share-_________^-____ 14,044,838 12,214,705 income 1941 $3,676,434 taxes.3,710,000 J___l profit Shares 11,374,032 ; 1942 taxes—$5,327,679 Federal Earnings irom —V. 1943 Other Net $98,224,602 $92,483,127 w—r — - Sept. 30— profits excess 5,000,000 5,000,000 15,400,203 before Provision 826,699 (par . Profit —— in Earned surplus 9 Mos. Ended 3,937,466 $10—--a—--. 12,416,940 surplus-i11-11,374,032 Paid-in •- Nebraska Power (Including domestic subsidiaries). 23,619,053 3,899,596 Pension Brazil-..---t--—-—— Monday, November 15, 1943 1943—10 Mos.—1942 $7,251,672 $68,444,657 $57,183,486 1640. J. City, first P# Morgan & Co., Incorporated, trustee, will ■ ' • . ' 3 p. mortgage 3'%% to exhaust I until m. on Nov. 18 receive Sought— 23 Wall Street, bids for the New sale to York it of bonds due May 1, 2000, to an amount sufficient $2,500,000, at prices not to include accrued interest. Notice Volume of Number 4229 158 THE COMMERCIAL & FINANCIAL CHRONICLE acceptance or' 'rejection will'be'mailed not later'than Nov. 22, interest Accrued The provided as 33%,' since 1939. The Wisconsin-Michigan system has just com¬ pleted its program with the Installation of an 80,000-kilowatt. generator, its capacity by 130,000 kilowatts, or 22%, since 1939. The Union Electric system serving the St. Louis area and Potomac or 1943. bonds accepted will be paid to Dec. 3, 1943. v; purchased will be/held by the" trustees, uncancelled, in the 4% mortgage dated July 1, 1943.—V. 158, p. 1862. bonds on W. service Bowman, with Assistant the Treasurer, road. retired is He Nov. on succeeded by Eugene L. Appointment of headquarters at the W. the New Kolbenhcyer Johnson. A. late Treasurer ol" &' Providence Boston, RR. has Mass., Mr. England Co.—V. from railway---- Net ry. Prom Gross railway-,--- Net ry. —V. 158, New York Gross 32,253 2,772,593 706,954 589,240 inc. after 291,183 25.231 248,569 239,623 16,866 Period End, Sept. 30— Co.—Income $ for 64,102,423 58,429,242 Other income income 38,753.879 156,709,722 12,151,078 59,632,626 9,409,359 7,524,285 33,791,117 Dr 345,386 24,986 1,211,426 9,063.973 7,499,299 32,579,691 1,438,242 4,412,605 4,933,271 net • 8,072,127 6,061,057 28,167,086 26,671,920 25,278,000 income—— 6,319,500 •Balance in 1941 the major and of tax 1942 in year credit 6,319,500 25,278,000 1,752,627 ,1258,443 "Certain and have which other been distributed booked. fAfter to 2,889,086 adjustments the Note—Certain did of "3,120,275 1,653,049 8,338,008 936,331 3,415,692 not directly Burt, formerly President and General Manager, has been of the beard, ana Charles W. Deeds, formerly head Corp., which was acquired recently by Niles-Bementhas been elected President and General Manager.—V. 158, —V. -L " ' oper. Norfolk The - 44;4" $7,799,060 In 12,144,424 11,807,475 1,504.092 10,509.974 declared have ' \ dividend a 377,000 322,000 1,426,000 of 25 holders May 20 cents of in share per record and Aug. Nov. 20, on 10. this A year, 896. p. 1943 1942 1941 1940 $331,846 - $368,833 $369,077 $0.86 $0.85 . $0.94 income tax $0.77 profits tax) profits and Federal totaled 1943 in tax) and income $402,000 taxes. ($257,000 for income compared as $177,838 for the with $227,231 in period same 1537. 3,700,503 17,277,239 15,905,024 7,153,042 7,135,630 1,809,124 29.398,996 Gross 6,558,395 8,059,423 8,745,713 8,944,754 35,957.391 2,509,914 2,948,813 10,593,827 1,182,041 1,182,041 4,728,167 293.966 1,270,875 1,268,419 125,000 125,000 500,000 $8,207,968 7,008,735 4,909,300 867,367 1,010,217 $4,001,434 $2,288,451 ' ! 91,821f ' income income $2,375,340 417,209 tax profits 86,89? $4,093,255 and surtax 118,026 810,000 472,000 1,690,000 1,013,000 _ tax 4,728,166 322,727 1942 allowances_._„_____ $11,877,530 deductions Excess 12,018,737 subsids— 500,000 net Net Net —_—L— Balance for divs. 4.606,031 CO. 18,864,522 955,313 955,314 3,821,252 3,439,620 15,043.270 15,487,609 $0.40 $1.75 Fed. excess per share common $772,323 Crl69,000 Crl01.300 $873,623 $2.69 $1.75 (est.) tax. pro. •. "Including depreciation of $372,300 for 1943 and $350,700 for 1942. ("Including $225,000 provision for contingencies in 1943,—V. 158, 3,821,253 $1.81 , of $1,176,046 $1,345,046 refund income Earns, 19,308,862 $0.43 pfd. stk. of 4,394,934 3,650.718 ____ ^iLLL.. income Post-war income deducts. on & admin., expenses profit Normal 37,824,184 charges__u of in 1943 returns sold:— income Gross 29,764,761 1,592,671 goods Selling, general & Other income Sept. 30— less 720,000 3,920,214 res. revs— subs. com.—— Earns, per com. —V. 158, p. ^ 775. p. shr < Pharis Tire & Rubber Co.—To Pay 30-Cent Div.— * • stock, of $2 ' Co. (Del.)—Weekly Output— $1, par the of 30 only made payable 25 share has been per Nov. this payment July on cents and 20 holders to of Distributions year. 10, Nov. declared record of 15 ' the common on Nov. This 9. each cents were 1942. Changes in Personnel— " Furber Marshal^ former President of Bendix Service Corp., has been of Pharis Tire & Rubber Co., succeeding Carl Pharis, elected President who Oklahoma Gas & Electric Co.—Debentures Called— l 1 share on per States Power Electric output of the company for the week ended Nov. 6, 1943, 42.835.000 kwh., as compared with 37.806.000 kwh., for the corresponding week last year, an increase of 13.3% —V. 158, p. 1861. ' , dividend A 1861. is 4'; 1942 of for be made Y.. at or 115 the Schroder Trust Co., trustee, 46 William St., 1942, resulting in substantial reduction of its funded debt and fixed charges, the present capital stock having been issued in respect of bondholdings in the old company. He stated West int. Chairman , of the board.—V, 157, 259. p. to Dec. 10, 1943.—V. 15.8, P, J 1861. , ! income —V. 158, Products Co., Inc. Subs.)— ' (& . Period End. Sept. 30Net , , Dairy Philadelphia the-option of the holder at Harris Trust & Savings Bank, Monroe St., Chicago, 111. • Immediate payment may be obtained upon presentation of the (deben¬ tures at either of the banks, the holder thereof to receive 101 and been consummated in January, elected been Earnings— York, New at •• commenting on this action. Morris S. Hawkins, President, referred fact that a drastic reorganization of the railway's affairs had the has the outstanding 4% debentures due 1946 have been called redemption as of Dec. 10, 1943 at 101 and int. Payment will N. the out¬ to holders of record Nov. 26. 10 tons milled Pfizer & Co., Inc.—Earnings— sales, of 6,350,765 $7,437,160 Southern Ry.^—Initial Distribution— directors standing capital stock, payable Dec. To 3,194,982 2,635,380 revs. int. All > $235,916 30,023 tons Co.—Earnings— par) excess 158, p. "Cost 14,156,647 totaled 1943 / production -LZ—LT- 158, p. 774. to from 33,556 396. p. to for depreciation excess (no Gross 14,711,088 , . $145,000 (Chas.) subsidiary Balance for Ft. gold 20 20, 011 Federal 9 Mos. End. - 3,576,468 tax deprec. Northern of $300,865 from President; Etc.— 9 Months Ended Sept. 30— * Value amounted year dividend a Nov. $404,037 share provision 1941.—V. tOther Other Noranda Mines, Ltd.—Gold Production— ; by for Min. Chairman Co., 158, Feb. on 1942.—V.* 158, 20, per in/1942 State & prof, exc. divs. ■ j 3,031,950 Fed. taxes interest of 1 . post-war 'adjust._ Gross Net 1736. p. inc, 3,342,089 for Net of Chandler-Evans Pond declared paid profit and 8,739,386 Divs. Clayton 11,883,470 52,476,824 other.- than Non-oper. income affect this 139,920,882 1943. Co.—New Aug. "After 3,205,015 15,472,417 9,759,814 for months of profits tax quarter of payablg was Note—The 6,763,672 782,944 61,857,179 1,393,920 excess thmrd have stock, capital stock (no 3,198,215 5,053,652 157,084,714 Approp. a net reduction of approximately $1,503,000 and respectively, for the 3 months and the 12 months ended in Federal income and excess profits taxes included in operating taxes.—V. 158. p. 1536. elected 3,750,758 5,346,607 2,253,790 nevertheless resulted in NHes-Bement-Pond 109,816,858 182,731 1,038,102 12,949.711 income SI.730,000, Sept. 30. on Earnings 34,637,176 Pfd. which directors amount "Net ' 2,766,616 * transactions $ 1 15,894,956 PVOV-, encountered appropriate deduction tDeficit. 10''. 27,706,688 $ 120,761,232 : 2,252,774. taxes . retroactive $ 4,011,392 . Approp. Total $1.25 income and Mines, Ltd.—Production- the 9 Mos. Ended Sept. 30— 39,121,247 31,605,191 991,846 Dividends Subs,) revs.——„ 791,600 , and 188,241 . . Taxes, 32,396,791 $1.01 milled,\as compared with second quaVler and $333,387 the capital like 1943—12 Mos.—1942 Operating expenses1—— 49,600,865 $1.10 — Pettibone Mulliken Corp.—Dividend No. 5— The the 3,821,253 1,099,202 Total oper. 152,474,002 14.214,660 deductions (Company ' 30,786.694 —. I——„ Prov.. for Total Interest for 250,133,465 234,471,658 40,478,404 539,865 tons Pfeiffer Brewing Statement 1943—3 Mos.—1942 • Miscellaneous income met), in $10,305,908 $12,670,833 $1.20 $1.48 stock common Income — Coal share first three months of 11943.—V. and Maintenance operating the 36,799 3,821,252 —... Gold 28,062 milled $14,127,160 $16,492,086 common Transportation $ $ 1941 $519,808 846,645 ■■•%___. 27,450 _4_i_ preferred stock of company on revs—electric Oper. *1943—12 Mos.—'"1942 * 1943—12 Mos. $ Net debs. on 4— $ Statement- 1943'1942 1943—3 Mos.—*1942 Operating revenues __1L Operating expenses ILL Operating taxes expense dividends.-! . 133,486 112,600 1942 $441,854 957,688 profits taxes exc. common production from 1,766,436 27,130 : of discount and for Heating Telephone loans., " ' 1352. York . Period End. Sept. 30— - per Perron % Consolidated Gas New 961,000 tax Earnings per share of $1,298,877 I 12,638 $1,039,145 _i 1943—12 Mos.—1942 $1,367,949 1943 $470,416 : inc. and 317,234 bank on for excess $20,586,649 483,000 Sept. 30— earnings "After depreciation, depletion, interest and provision for profits taxes.— 158, p. 1861. 1942 $1,022,247 $377,526,802 ' I Pennsylvania Glass Sand Corp. (& Subs.)—Earnings— "Net Earnings 1943 42,025 debentures—1,376,463 on 1943—10 Mos.—1942 1537. p. 9 Months Ended by $17,170,370 $20,269,415 taxes' _L-L-L Dividends prov ----- —V." 158, p. capacity (Company Only) ,1.^ Balance Co.—Earnings— $110,936 24.738 its 1939. 1 income Balance 1943—Month—1942 depreciation income increasing the 26%, since 1939. $17,105,475 Amortization 325,585 Gas plant, or 158, second a Dr64,895 Interest 850,352 $116,244 added increasing Sept. 30— income Interest 2,360,457 1,175,204 — turbine, idividendsi Other 93,902 83,701 1,401,938 for Net 139.922 119,669 3,208,810 Richmond & revenues Ended Mos. Federal $273,718 $310,636 249.253 90,640* 826,057 Period End. Sept. 30— Operating 50,000-kilowatt Expenses 1736. p. capacity to its new Venice by 185,000 kilowatts, capacity a Income Statement 12 Income 1940 1941 4.429,605 ... Electric Union 1943—Month—1942 $50,581,961 $54,302,821 $381,843,881 —V. their " Total 2.055,285 railway oper. incomeLL,- July, finished with January 1— from from Net in programs Columb'a, of Interest $467,193 225,160 ' income--- oper. Distr.ct Sales Prov. RR.—Earnings— 1942 $487,556 the kilowatts,'or 59%, since 150,000 the Boston of and Co. serving of total added Potomac 1736. p. 1943 Net froni railway- has also company's He succeeds been named' announced. Transportation 158, September— Gross L. Assistant Treasurer, as been Kolbenheyer New York Susquehanna <& Western - 55 years Bartholomew, •• 4 1/ after E. Treasurer, Co., kilowatts 80,000 Arthur Power four-year expansion New York, New Haven & Hartford RR.—New Treas.— v - <J. C.) Penney Co.—October Sales Off 6.85%— Period End. Oct. 31— increasing so Electric of 1941 1943—9 Mos.—1942 1943—12 Mos.—1942 $781,450 $636,416 _ $633,022 $833,601 1074. p. ' Pittsburgh Coal Co.—Earnings— , , , , ' that the in current interest fixed of the V. 158, debt ample that earnings 1736. p. the company year and the and ample cash' ' r \i •• - has retired dividend $425,000 of funded action ' in ; view L company.— Oklahoma; Natural Gas Co.—Earnings— 12 Gross Net Northwestern Electric Period End. Sept. 30— Operating Co.—Earnings— 1943—Month—1942 $5,374,971 4,237,577 31— 3,982,091 158, 1942 of 3,539,056 Int. 2,652,963 Dcpl., accruals—, reserve sh. (550,000 shs. outstdg.)— 989. $2.85 sales, general $3.75' etc. 11,906,228 97,063 1,038,041 deductions- rev. for Can. provincial Net oper. Other income $70,729 $70,409 1,278 183 $71,687 <net)____ $70,912 $1,015,968 $1,019,148 $1,137,394 5,703 $1,143,097 revenues• See General Capital Corp.—V. income Gross Net est ♦Incl. V. applic. For 4%' the 35.125 ^ the for 434,245 1,006,756 4,029,354 3.895,534 341,210 457,148 898,112 1,504,652 23,391 32,554 128,967 120,499 i___ $560,897 $643,801 $1,995,043 $2,690,280 subs... 54 54 201 192 $560,844 States 21,998 18% Gross the 30, Sept. than the in 12 customers were tures. $14,750,'000 As result a of reduced been during $643,747 $1,934,841 ?' $2,690,088 those over of refinancing, $34,881,500, annual bank The It is 0! cash loan the 29 October On by collateral. requirements interest is payable four first secured in the of rate North held. cash American $23 declaration. This to directors, declared for place will of common share In be of 5,218,050 $10,979,328 $8,107,022 $3,224,496 $2,415,751 profit _ — 783,570 709,740 738,391 $8,816,762 $3,962,887 for for contract forgn. — 1.'274,875 229,174 • invests. " ' ' / CV450,000 _L—$1,973,235 $2,237,588 $1,892,948 $2,552,957 declared $0.97 $0.80 ;:-fL $1.13 the • f ' Net . profit .Earns; have sh. per (Includes t $0.84 pn. com. excess Note—Provision profits for V tax. and in 1943, $7.69 accrued be under paid the 1 >t j Electric Co.—Weekly Output—, for output this 1943. 6, or 10.3%, and company amounted over to the wage 1283. p. same period kwh., , the for increase' an last year.—V. : f - ^ subsidiaries its 122,993,000 ■{,;■ ■ 158, * . tl,480,000 565,000 Philadelphia Suburban Water Co.—20-Cent Com. Div. • depreciation equipment amounted to $464,970 953 in 1941I--V. 158, p. 490. might 158, -.>••• Cr825,000 a_w. ' being are ' 1862. 400.000 f6,400,000 refund ' p. 1,228,150 $5.71 '• 1943 year i , Nov. which wages pending.—V. „ electric t9,085,000 taxes— the provision has been made for any possible profits taxes for the year 1943, nor for any 11,455,000 kwh., 375,000 i_ readjustment- ' ended $1.84 for 42%.., No excess Philadelphia of taxes retroactive ■ week $1.60 income presently , The —. pref.L on of rate liability $3,392,832 214,939 the liability 977,081 $11,762,898 L 301,513 _______ income Post-war $2,720,375 of at based approval of this the on, policy. common the on rate the of'l!p6!eifib/'G&$,& 29 cfents'pW'i$hafe of market & be paid Jan. the SEC. Electric 3 Similar to price on of 1 the holders dividends approx¬ date* of of, According, to of plant announcement on an dividend a usual both of 20 cents per Nov. 8, the directors on Oct. 20 share on the" common stock and dividend of $1.50 per share on the preferred stock, quarterly 1 to holders of record Nov. 11. Similar distributions i, June 1 and Sept. 1, this year. Payments 011 during 1942 were as follows: March 2, June 1 and Sept. 1, 20 cents each; and Dec. 1, 15 cents.—V. 158, p. 1770. . amortization $490,394 iri 1942 and payable Dec. made were and the $535," March on stock common were Subsidiary without September government the 1943—9 3 Mos. 1943 operations——____L_$703,443 Paul • been Mos!—1942 $1,965,865 l^Lfotal Cleveland Electric, Illuminating Co. income —$723,035 — •peprecia'tion Interest on for Prov. •; bonds & Fed. taxes inc. notes & of 621,633 17,761 81,820 ' payable 704,900 $234,177 $704,530 973,200 completed its the installation of a ndw 50.000-kilowatt generator in with its Avon plant, increasing the company's capacity by 170,000 kilowatts, on ' Net --V. earnings 158, p. ——— —— on the common Nov. 10 were made The $1.25 to 20, on per the to the the 7%. Pavments 1, 87>/2 cents, •_ holders 1 and has President, executive committee. ' Co.r-rAccumulated Dividend— per during 1943. . . .( i share has been declared on account of cumulative 1st preferred stock, par $100. of record Sept. 1942 1, 19. Similar distributions against $3.50 on March 4, follows: March 4. $6.12'/2; Nov. last, as were as and Sept. 1 and Dec. 1, $1.75 each.—V. 158, p. 1177. Shawmut & Northern RR.—Earnings- Pittsburgh declared stock, and on 011 no of regular dividend of 50 cents per share a value, par record 1, Dec. the June 15, payable dividend special a March share of " holders company Assistant member a $376,372 677. The directors have record ■ June on June — Dec. program $1.75 Dec. .1, to made were 262,900 of dividend accumulations 664,727 59.567 > profits and , Phoenix Hosiery A $2,096,119 and Vice-President director a 1770., 158, p. $2,006.31! $2,090,630 208,196 subs._ excess Endacott, elected V. 124,765'89,808 19,591 Package Machinery Co.—Special Div. of $1.25— funds. * ^Other ihconie ''(net)__ 1', Operations four financed Period Ended Sept. 30— frdm Gain Subsidiaries) Owned paid and principal electric properties have now' completed their four-year construction programs. The expansion has added 635,000 -kilowatts, or'31%, to their total generating capacity and it has been The Wholly Phillips Petroleum Co.—New Director ElectecM- \ Co.—Earnings— (Including '' record Oct. 1. The regular quarterly dividends were declared on and 534% ($50 pari preferred stocks, payable Jan. 3 to holders record Dec. 10. 1 Oxford Paper I form shares Gas will to. continue dividend the investments. shares of Pacific ^jaS1^ Electric 100 shares of NbrtW'American fractional of -Pacific dividend a in the 6% In 7,633,801 5,262,266 at 20.942,695 8.486,762 5,363,760 every paid common, share per subject 3, board directors one stock, Electric imately the the of stock 'common of 25,189,156 13.470,782 5,382,638 deductions' for Federal quarterly instal¬ and years retained by paying dividends which North American held in the form of stock payable in at income companies intention the ' July 42,726,361 16,361,966 sh. per Note—Federal 1954, their loan during 55.480,505 oper. income Post-war than 50% from the $70,000,000 outstanding on April 15, reduction was effected largely.through the application of This stocks Dec. Res. year, with the privilege of prepayment. this refinancihg, the company had reduced its indebted¬ to company's of of Other Sales a total of $34,150,000. The respective call prices with funds due at orders. I—_____ profit Earn, 18,438,712 19,001,916 in min¬ by more 1941. Co. 144% and ago fifth the Previous ness the th's $534,495. 81.500,000 of series bank 2% a 20,780,721 39,860,249 income Total retired all of its outstanding deben¬ $19,400,000 3 ]/2 %". series due 1949 and of retired were from obtained ments 334 %' of debentures year a Other North company consisted These , 41,380.327 88,948.213 kilowatt v4%: W the 1943, 19. billion ended months of output IOV4 to 33% up respective periods. Oct. electric subsidiaries amounted Operating $42,021,104 $20,875,163 51,845.765 57,946,990 from etc, interest Net 30 Sept. against profit 1940 1941 1942 $37,540,872 $91,092,212 _________ ord. . Co.—Quarterly Report— -lll more industrial power to Billings 360,910 491,476 ~ than for the pre-war period ended Sept. 30, 1939. more completed Uncompl. Expenses, consolidated was 334,205 booked Orders 588,489 334,242 ,i Min. •. taxes & prof, before ority interests \ 1943 and Net Co.—Earnings— Sept. 30— Orders ■ 39.453 months'-ended 12 hours.' This On 717,817 period . American American's stocks 1352., p. :and 81% to pfd. taxes-----!-/. Fed. 158, North of 38,482 charges Dividends 9 Mos. End. inter¬ after income 1861. 3,180 Otis Elevator >• 158, p. 42,184.617 301,939 income United State Old Colony Investment Trust—To Merge— 47,158,748 amort. * •Oper. 1943—12 Mos—1942 • 9,962.600 65,301 & discount.—_ debt : debt. expenses, depre. Prov. .. 1943—3 Mos.—1942 income $13,935,068 $12,199,921 $54,512,162 $50,829,827 oper. & y: ^ long term on of etc. oper. Cost $11,221,754 3,017.569 2,162,350 com. p. I $12,796,245 —— retire, ; per Sales, 1943 . . /Period End. Sept. 30— , $4,998,059 322,055 Aug. after income —V. -1942 1943—12 Mos. $392,784 348,351 Ended income- Earnings $418,760 revenues Months Operating revenues i- -h . the of resources • taken was Dec. 1 last common 1. and year, of Dec. $1.25 Distributions Sept. 1, to holders of share, payable of-50, cents, each 156, a p. from Net ry. special 2227. dividend of 1943 . railway- from Net railway- oper. — income: 1942 1941 1940 $123,345 $116,714 $151,246 $100,448 26,753 28,677 46,459 32,947 12,666 16,944 29,682 22,812 1,111,771 1,110.461 1,141,278 886,414 238,745 197,115 384.036 262,030 ] 13,820 66.460 233,310 142,151 Froin January 1—Gross Net, last. also paid stock.—V. 1 per September— Gross Net from from rv. railway.- railway oper. inoorae- 1942 THE COMMERCIAL & FINANCIAL CHRONICLE September— from railway...— Net from railway/,.-./--/ Ket ry, 20,292 31,624 20,679 929,823 753,633 995,827 railway.//—V 1,005,792 350,684 318,542 /' 231,505 353,187 income.,..- 201,611) 262.159 152,410 242,096 1943 1942 Income-..— oper, from Net from Net rv. —V. /; —.— general and Provision for bad $23,166,229 21.463,096 19,405,326 1,859,619 1,750,932 - debts 40,132 taxes. Other income ——, Depreciation, depletion Provision for Federal Provision for of Net of income subsidiary companies. consolidated such income The and income i taxes and for of its - tax * the 42'/ $440,246 nine their stocks the class $9,347, class preference Pittston included are became in class available Co.—V. stock, when A and received Sept. 30 — income net taxes and for Other the taxi 15. Juno 1, follows: cents,—V. no Amort, on 243.463 S5,205,098 $4,671,963 2,214,885 taxes, 40 / , weeks all/other for ended 9, the income tux „ •—V. 158. :- /• 1 value, 25 2. June dividend a each 819,850 - $1,691,063 $53,104,410 'Write-Ups and Inflation'—Company to Contest ' .' Commission Nov. on admin, Reduc¬ the tc cause why it should not reduce its plant accounts by $67,893/724. The Commission said this amount represented write-ups and Other inflationary items in the electric and common (electric-gas) utility plant of the corporation as reported by examiners for company the Federal agency and the New Jersey State Beard of Public Utility Commissioners. was, the FPC said, "about 27/ excess over the $257,786,941 found the Commission's staff to be the original cost of the It Net' 1 last. electric the $105,869." Federal show cause The Commission * This and additional order, amount was involved not in however. said the company was given 30 days "to show cause why it should not be ordered to eliminate $9,179,956 out of a total $38,565,513 in write-ups and other inflationary items in its * * of accounts,, us to the plant through charges to earned surplus; submit plans accounts through which there shall be written off principally specific the S29.085.557 balance of write-ups and inflationary items, and submit plans for (he disposition of an additional $29,328,210 representing of excess purchase cost over or * ing units The systems;" announcement original said of plant cost acquired as and Sept. 1, .25 this 011 issue shew to cause that why it 304.410 in It also the said the company was informed of an offer of proof and shall form facts that its response "shall be set forth with which upon it in cents .each;, and Dec. ' -J , , gave out cess 1943- / : //-// : $ and order with show to & Gas from cause Co. the has Federal the reclassification and original cost and staff a and report Utility Commissioners crder of to New show original cost studies of the gas "This so-called original cost this to reduce company, but is values book what when property to Power studies cause an was first .staff a is report Commission of the from the Board the dealing electric 39,312,270 185.096,520 806,133 206/250 195,000 2,743,384 618,750 of the. original 150,657 1,469,321 1,361,100 5,224,200 3,213,800 4.283,100 tl6,594,800 -J devoted to a public utility use. It is a matter knowledge that these properties have changed ownership times. In some instances as far as cur company is concerned it goes buck more than 100 years, and in one case in the country it goes back to the eighteenth century. "The papers received are very voluminous ol common the company has "There This is, matter erally not yet had however, nothing has been speaking, makes an the position cppoitunity about new pending and of the in of that have substantial The been items of company insists that largely in for property Public is concerned has per 275,514 been is'that and it as is it comes to the writing of so may and provide ordered a vehicle .written that the the State of for off. value of such New contesting HietSupi;cme Fourt of ihe Unit«} of the Court of Supreme Court matter, but each be and charged. everv .a Net we of that <>anno* decision of Statees, by the Board of Public of the State of Jersey short of a decision Errors and Appeals of this State, and perhaos the the United States. are prepared to nor New We recognize that this is protect 418.500 348,500 1,317.000 64,900 30,000 $136,938 $177,285 11,700 .... of ■;' 34,900 —-r— $177,285 $399,204 $443,433 $0.38 $0.45 $1.C0 $1,12 160,000 / 90,000 ;; $364,304 $445,432 ex¬ "• • post-war /•:/:-:/;■/ ■/ refund of excess 1943 contracts. tEarnings stock 803,210 2,394,334 2.410,719 Net ry. 1,199,901 4,588,408 Gross $0,124 $0.86 share per outstanding, after based are giving 397,806 on credit to post-war 1538. p, RR.—Earnings— 1943 income. oper. :i;: 1942 1941 $375,855 $355,691 $327,710 80,835 railway$434,599 railway..... 89,002 from refund of 5,040/692 • : $0,363 72.747 58,089 "/ 1940 68,934 65,186 56,294 28,029 3,444,911 3,186,001 2.836,349 2,659/318 403,245 591,293 . . 236,942 434,278 361,237 206,628 "48,045 . January 1—railway...Net from railway- : Net. $0,330 $1,843,600/(1942 $1,268,800). -V. from ry. income oper. /Loss.—V. 158, 158, . / 183,440 1538. p. , ,, year by is airlines air This in was June of first this six The Express of increase, an air cargo months of marked up was 30'V up this . to Railway of 48.7'// more gross revenue period,-:—V. 158, June over '•/; . increase of an ' the that the six-month "The for that year were by .the sidiaries," he stated.—V. 158, p. 1075. Co.—'Equipment that 110 from W. Edward Scheer. approved and struction in caboose posite the the 1,000 cars, gondola 5,400-h.p. Corp. cn ry. Gross 55-ton The cars. shops Board at composite WPB that announces Production coal also has the and cars directors Pa., authorized of 1,000 the schedule forward, the Scheer the estimated , total . of cost stated ended in that purchase Sept. 1943, 30, in like the the new five The in 1942.—V. 158, p. amounted period of company to $8,371,387, .1942, was not 1771/ as decrease a nine sales "■Net •/ profit Outstdg. liable, for 19').. excess Earn, per com. "After all tAfter further profits , ■ -••V. ///- V. after law were arbitrary and contemplation of law, a , Ry. -Earnings- 1942 1941 $404,954 56.127 income.... 170,043 255,046 96,970 28,104 12,317,960 5,640,644 6,597.051 8,791,283 3,974,165 1,937,696 5,281,959 1,670.173 2,097,188 2,540,581 1,363,616 1,139,279 income 1383. p. made was Sales Off 196,737 t935.652 // 607,509 400,000 $0.73 and estimated 408,829 $0.42 Federal $2.04 income and $1.33 excess :■ 158, p. Dec. on 10, (last year. 1943—Month—1942 /- 1943—9 Mos.—1942 g /■_."■/ ' ''"'•/ g 97,976,998 625,832,359 656.294,699 1477. - ■ . M •'/•//:J-: 1943 " charges but before Federal taxes...--,,. $335,862 Net after Federal taxes——201,067 /•> Earnings per share —.——v—— $0.29 —V. 158, p., 776. •/./ 1942 1943 1942 i— earnings Net —V. 30— $569,967 $521,236 taxes. 444,143 416,872 $125,824 $104,364 60,888 and expenses 62,028 _./ deductions Provision for / Federal income taxes../.--; 12,000 158, 9,100 $52,936 income $33,236 1284. p. Sharp & Dolime, Inc.—To Pay 25-Cent Dividend— a ; Co,—Earnings— Sept, earnings Operating profits for Federal taxes amounting to $3,553,690 and for contingencies.—V, 158, p. 1283. reserve Sept. 30— - 9.7%— 88,440,541 Net $25,340,111 400,000 1940 4 135,353 oper. Interest 1943—9 Mos.—1942 Richmond Radiator Co.—Earnings— Net in $542,299 Seattle Gas The per 9 Mos. End. with and 1383.. p. 535,359 Quarter Ended taxes 339,035,847 336,867 share...-- reserve fact 158, Included S8,882,668 shares.,408,829 charges taxes. accordance in $1,041,726 Period End. Oct. 31— with Co.—Earnings— $15,841,523 its ground 547,70(5 disbursement Gross 1943—3 Mos.—1942 /:// com. in 1943 Sales months compared of the on $1,232,558 October equipment. at the /-//Zw Rheem Manufacturing Net act to constituted, railway.:.,.// railway.--;/:/. 158, extra charges for the first nine months of 1943 were provisions for a increase in wages of $4,000,000 and -for excess profits taxes, $3,500,000. court emergency directors have declared aii extra dividend of $1.25 per share the usual quarterly dividend of 75 cents per share on the common stock, both payable Dec, 10 to holders of record Nov. 12, A similar ;;.:„ for company time said ami possible of the -'g of the The com¬ of within Safeway,which y income net. by by Sears, Roebuck & Co,—Extra Distribution con¬ 8-wheel 70-ton ,, the petition a protests."—V. from rv. have the 50 Emergency Court act roil way/.._,. oper. from —V. Authorized- authorized Reading, to January 1— Net " , diesel electric freight locomotives from the Electro-Motive which delivery is expected the last quarter of 1944 unless the WPB moves Mr. President, War company's , States railway^./;//// from From exces¬ its. sub¬ company, or Expenditures in SeptemberGross Net Net' Reading United St. Louis Brownsville & Mexico by the. Government realized the not was and the of Net has been advised company to Administrator fails dismissed were administrator denial stockholders. profits raised was appeal capricious / Earnings of $719,113, or $2.80 per common shave, for the year ended May 31, 1943, were unchanged by contract .renegotiation, which lias concluded, according to Lawrence K. Marshall, President, in a sive issue an Price law. permitted, until the Price Administrator had denied the protest in whole or in part. / Attorneys for Safeway contended that the "failure and refusal of .been to by. complaints '.„/' 47',/ for the when The. 8.8^, while up its complaint Appeals Raytheon Mfg. Co.—Renegotiation Ends— letter Supreme Court was asked Now: 9 to decide"; whether protesting Office of Price Administration regulations has carry required year, 1852. p. S. right to of Express 13,775,096 pounds of air express were handled, compared with 8.791,635 pounds in the 1942 period, an increase of 56.6'). Shipments totaled 721,176, up 6.5// while U. company a express, ship¬ amounted division express air Shipments for the.month totaled 125,033, ago. the records/ weight of nation's reports the announced. revenue In Air a monthly the tons, it Agency, Inc.-—Record previous carried gross directors share holders March cents of 31. on Nov. on the on record last, March Nov. which declared 5 common stock, 19. A compares 17, 1942, and dividend a no par similar with 15 (No. cents on initial of 20 cents an 34,695 • $0.05 ... 5) of 25 Dec. 10, 1942, March 1, on » cents value, payable Dec. 10 distribution was made $57,895 — the Ritter Co., Iuc.- a serious rights of the stockholders -Earnings— Period End. Sept. 30— prop¬ Thi.i item The Utility Commissioners 421,500 from 6,999,128 — war Express all 1,302 Agency, to on 25 1941 / New Director— Phillip Wallace director.—V. Fed. $820,237 inc. & taxes, Net exc. etc. per of 158, p. Drinker, Biddle & 680. Heath, has been elected a 1942 : /■/■ Shell Union Oil Corp. 1943—9 Mos ■ —1942 $2,627,718 $1, 927,375 722,973 ' 588,250 2,297,250 1,687,900 $97,262 — com. $676,639 profits profit Z Earns, z',: ; 1943—3 Mos.—1942 -Profit Jersey. property of this company by the Federal Power Commission short of a be confiscated 104.800 722,000 capital off costs, and so far as the electric determined to be by the Board of can will be 139,400 116,500 con¬ an "However, in order that the business of the company may normally proceed without interruption of dividends, the company is preparing ttf set up a capital surplus fund of a substantial amount against which such items, if any, as hereafter determined fund $2,270,932 September— 7,435,020 . Breaking of Gen¬ 19,996,006 $1,294,304 share— Rutland 9,585,000 share com. after post ments accounts 1937. the book been Utility Commissions has since 18,732,498 $1,034,085 Safeway Stores, Inc.—Acts to Test OPA Rules— them of 7,487,763 $457,738 tax its of 1,728,030 stock com. Railway entirely different matter books today clearly represent the actual its excess of When that cof! u!X.,of its, various properties, is erties read such, although in the objecting to certain reclassi¬ suggested. assets management to negotiation legal objection to reclassification negotiations it has taken the position of fications even reclassification company no the 7,096,864 surtax : per that 2,003.111 1538. p. many and 1943—9 Mos.—1942/ $8,521,848 $20,026,803 $22,266,938 ' / tax.— refund 2,516.231 788,202 Period End. Sept. 30— attempt by governmental agencies to originally paid by the first owner for 1943—3 Mos.—1942 $148,638 shares 4,424.600 plant actual 513,845 . Public or 568,857 From • not 65,078 _ inc. refunding.—V. 158, 585.000 467,164 dividends $758,284 —— Government '2,391,153 1,448,900 — $816,203 profits - tax. tCompanv be¬ profits on Government business are not excessive, and that the provision for wartime contingencies is sufficient to cover any possible refunds that may result from renegotiation of its 1943 112,217,142 927,302 income Earns, reclassification plant. theory cost received Jersey dealing with and all just and "Excluding lieves 136,477,537 tax... 792,615 $92,703 20,314 exp. wartime profits Total JEarns. 9 Mos—1942 • 66,449,486 profits 882,461 ' 47,042,070 218,240,901 tax & surtax $10,3.90,344 company in reference to the matters therein referred to: Electric for "Earnings & - 88,177 : / tingencies 1; gen. sell. —__ exc. He Seivice 3.072,977 154,07.9 Co.—Earnings— profits tProv. ■approximately $8,500,000. McCarter, Chairman of the Board, following statement as the position of the Public 3,289,931 / 342,998; 369,502 $7,554,602 tax Excess during. 1942were '77,239,534 ; • Preferred particularity the relies." Thomas N. the $4,623,876 1771. goods sold, Normal on Gross operat¬ in substance the company has been should not eliminate immediately $53"write-ups and inflation" from its plant accounts and'submit plans for the gradual elimination of $14,789,314, representing "the difference between purchase cost and original cost of acquired prop¬ erties." ordered $4,988,595 $4,630,721 $48,445 Profit $1.35* per share on holders-of record Distributions , patents..— norm, Fed. utility properties of the company as of Jan. 1, 1938. ' "Recognition// it said, "must be given to the additional $37,285,145 of adjustments relating to gas .plant, which brings the total adjust-/ to 6,845 $523,878 $572,026 sales Cost of common meats 4,600 , to 1 made 1943- -3 Mos.—1942 expenses of Interest than c-how by $4,993,195 615 . devel,, Amort, for ' ordered 8 to period America—Earnings— (13,881,016 shares) Power amounts 490,000 Public Service Electric & Gas Co.—FPC Acts to Com¬ pel Company to Cut Plant Accounts $67,893,724—Show Cause Order Calls for Elimination of Federal 1943—9 Mos.—1942— $524,493 - of Dec. were, 1771. Sept. 30— goods sold, tNet The 1943 ; payable cents Sept., 1, p. 158, declared par and March sources of Net 249,464 $1,782,596 tions— $2,339,631 emergency outstanding.—V. 158, Corp.—Earnings- rev... Period End. Sept. 30— gross income from oper., '. 237,767 1862. p. of company's stock (Including Wholly Owned Subsidiary. Companies) and ' 150,000 —— oper. Ruberoid and income corresponding 158, p. (/:/// / Federal Oct. for charges :.// - provision —V. (Including Domestic Subsidiaries) Bal. income charge a the $1.58 2,241,436 debt^ utility plant acquisition adjustments. Rundry fiiccme deductions Net of $572,026 operating income Net income —/IZ:Z Post-war 6,752,468 $4,428,500 of Provision lor Federal law, while common 1943—Month—1942 — Net 771,476 before 4 ol' Radio Corp. of Fed. Interest current amortization shares of Sept, 30— revenues depre., less other stock, as all $5,041,878 _ the Oct. 3;'42 $2.11 with $2,715,624 Nov. Payments 80 Cost 1942 7,642,504 — of Operating revenues Operating expenses/.... / Operating taxes/ . 772:476 Common Dividend— /• on The 163,220 earnings long-term basis for special $On 1,023,662 Period End. Operating $1,629,326 i $1,219,025 :-■■/•;//,■///'' common Nov. Of by 1943 income Total net fuel, would generating $0.48 the compares directors March $12,684,382 $11,180,968 ../.,_/ $0.67 excess Rochester Telephone dividends dividends as " earnings ;•/ .:..//_■ steam 771,476 depreciation, Federal minority interests. ' for Depreciation Net . and 1764. p. $0.62 1942. Total ...... 1888,357 $2.66 common— income a —40 Weeks Ended— $370,114 interest, To Pay $1.35 Co,—Earnings— operating revenues..j__:. Operating exps. and taxes (exfci, of Fed. of amounts energy which company's $ 12 Months Ended the 011 made facilities. firm - on $5,557,488 "2,927,091 share per Federal — Period End. Gross of 772,476 profits The 158,. p. 679. rortlaiid General Electric kilowatts $15,411,287 —— profits taxes of $9,373,900 and special five-year amortization of war facilities amounting to $3,110,296, over and above normal depreciation on these facilities. tFrovislon for Federal income and excess profits taxes amounted to $2,329,500 as Bonneville. Oct. 3, "42 Oct.9. '43 $481,689 share-/—. per $3,967,054 on assets. of payment /.. par) After of file will premised preference for. the if and 30,000 substantial the . A preference stock and for its retirement. The balance, become available for the benefit of the holders of the will A which $290,094 amount "After ' 1942 amortiza¬ after JEarnings Uncollectible profits of on subsidiaries returns months income Consolidated returns this net deduction 10,387 being filed, it, is not considered that the companies re for Federal excess profits taxes. (2) The consolidated net income for the nine months ended Sept. 30, 1943. includes $299,441 which represents the proportion of the com¬ bined net income of certain subsidiaries attributable to those shares on (no 162,386 liable of saving in Oct. 9,'43 469,653 42,110 the rate profits of Shares of common stock -2-:: corporation excess Net 1943 special emergency facilities— of revised the 1862. p. 490.415 coin., stock¬ at. tion Depart¬ Purity Bakeries Corp, (& Subs.)^Earmi)gs-- Earnings Federal 158, *'Consol. 834,255 computed in produced 114.035 $1,051,807 for was purchase with —12 Weeks Ended— • 1943, be to $1,687,123 subsidiary..,.. Provision Sept. 30, Gas was contract one-year electricity purchased will replace as have plants.—V. excess Notes—(1) ended especially oil, efforts 62,104 taxes— applic,. to company's $2,481,554 —— pref. stocks for subs..._ minor a the otherwise 203,269 amortization income on income net holders 244,225 minority stockholders: Dividends accrued Portion and the we 491,277 interest earned true of Subs.)—Earnings—' •>v9 Mos. End. Sept. 30—//. earns, before taxes and Net $1,483,854 — /;,///....— less expense, is same Reynolds Metals. Co. (<fc '• , 1943 con¬ 107,298 §2.237.329 — income'/.// Total Interest 1 — a kilowatt., hour 39.14largely' if not altogether, due its work-well, and it has not : failed The has entered a Administration for the tinues 332,109 125,014 — —- of performed power at $17.50 per kilowatt year, with dump energy at 2.5 mills, kilowatt hour, President Frank McLaughlin said the contract 86,710 334.741 ..... federal and State payroll taxes— Operating profit Harbor has company Power $26,059,931 admin, expenses— Property, franchise and other It Tuget Sound Power & Light Co.—Contract— — . Department of this company .has had Pearl Monday, November 15, ///z Jy.fi /■'■-•?■ : - take The 9. Months Ended Sept. 30— Rales and operating revernies— Belling, so, will have to divert our energies to; the extent "required for the hearings and the hearings themselves, that place and the litigation that will'be involved iiv this matter,': There seems to be no peace for public utilities, in this country. ' ' "The whole matter is beyond human understanding;"—V. 158, p. 1862./ will Pittston Co. (& Subs.) —Earnings Cost of sales to do power in this great crisis. Now ment. our by the preparation .. .///:• //:'/////-.- 1381. p. since work. war the country . railway—— oper. 158, to 39,498. V /;.: 33.963 54,688 31,007 Electric increase $123,154' $98,392 26,520 /• Prom January l-V Gross 1940 1941 $115,998 ' it lies within as "The 1942 1043 $140,242 Gross far so Pittsburgh & Shawmi.it RR.- -Earnings- $88,389 ..$0.42 $330,468 $239,475 $0.48 share- ' $1.71' $1.10 .. * After reserves and other charges. Shipments during the third quarter of 1943 exceeded those for the corresponding quarter of 1942 by 23.78'.). The shipments made during the first nine months exceeded those for the same period of last year by 50.530 Current cash hand 011 Current amounted in liabilities, amounted operating earnings "Costs, selling and general to banks to and including $3,263,441, a $6,613,4.39 011 Government Sept. 30, securities 1943 of provision for Federal and of 2.03 to 1.—'V: 158, ratio including $3,589,296. other p. taxes, 1075. Subs.)—Earnings— 1943 405,902 $84,012,298 / expenses.. 73,332,747 for depreciation, depletion, intan¬ gible devel. exps., amort, and abandonments..^. on funded debt, together with of discount,and expense^.......— Provision for Federal income taxes. 60,497,027 10.611,904 Provisions Interest 10,064,095 amort. 737,222. ; 7,950,000 - Prov. for post-war adjust, and other conting, ;,. A Net income Earnings per for 9 Months Ended •Net .... common Earnings per $7,774,023 stock. $0.58 Sept. 30— 1943 Income ^ share of —V. 158, p. 584. 755,483 8.155,000 3,000,000 - period.—/-- share of , assets (& 3 Mohths Ended Sept. 30— Gross common stock---. $4,540,694 80.35 1942 $18,209,223 $11,768,643', $1,35 $0.90 Volume Co.—Earnings— Sioux City Service .The $577,122 account 799,136 497,958 $72,981 $79,165 Dec. 3 and. taxes„_..J„ •Operating' expenses 1942 $872,117 Operating revenues Drl.ltiG earnings from operations —: . income- net Net income $47,246 /./:Zr.Z— Federal •Includes 30,212 25,738 Interest .charges and', state- income share per Sylvania Electric Products, Inc.—Earnings, Etc.— Net on the $5.50 cumulative 2nd preferred stock/ of "Sales products 40 stock, each cents March on or 50 cents share per on June 10 10, 1943. in are Period Ended Sept. 30— Gi'O'-s leased and space 40V since-Jan. taxes, etc expenses, Spiegel, Inc.—October Sales Off- 1943—9 Mos,— 1942 1S43—3 Mos.—1042 ' Operating income P'lVcs',, int., & other inc. Period End. Oct. 31 24,009,943 24,031,993 —V. $3,626,834 $11,396,560 $10,368,449 1,545,718 1,210,050 241,886 $4,258,596 587,817 158, XT 143,563 135,898 48,876 45,482 r serial for and ' notes Provision 106,146 302,688 3,841,951 3,692,433 100,896 !.:■ • • ■ properties, -etc-.'.— .' oil & 54.6.000 628,367 186,000 207,942 Net; income. ■; Prov. inc. lor profits co s and sales Cost $6,873,002 $8,033,374 $2,261,533 of 542.800 4,168,800 2,945,800 $1,718,733 $3,864,574 $3,927,202 981,348 981,348 $1.75 $3.93 981,348 $4.00 1.849.600 ' $ $ ;45,519,643 . facilities or ';; 1941 common ,share_._..,^ t$1.13 '"$1.02 > / shares. common income on •$1.41 for the nine months Federal faxes on income was income was $1,416,110. on $2,052,335 and provision for Federal Provision has been made for possible earnings of renegotiation of the corporation's war contracts. The outcome of renegotiation, covering 1943 operations cannot, ac¬ cording to the report, be accurately foreseen and may give rise to on further.: adjustments. $ - New Plant— $ -'-v 94,667,993 The corporation announces that a radio tube parts has been acquired at 73,218,639 6,767,651 5.773,560 18,993,811 3,992.634 15.564,571 10,788.734 ,212,616 137,375 624,547 in 427.819 production.—V. 158, p. plant new for manufacture of Wakefield, Mass., and is already 1384. 19,377.945 4,657.946 expS. gen; per ton 854,474 effect 1943—9 Mos.—1942 25,404,518 1942 $41,827,947 $21,626,283 $14,752,540 1,005.697 636.225 837,759 a. taxes taxes 35,170,712 129,226 376 103,385.317 goods sold/—r-- : 84,094,047 adv./ adm. & Selling, ex- taxes..-.— 1943—3 Mos.—1942- .. Net ■, ' Period End. Sept. 30— ■ -gas undevel. owned Sept, 30,. 1943, amounted to $4,469,777. Provision for Federal taxes on income, after deducting a post-war refund of $335,230 in 1943, was $3,464,080. In the corresponding period of 1942, income before Subsidiaries) (including Domestic - Cancellations and write¬ of }..:// •On 514,368 common shares, Standard Brands, Inc.—Earnings— and offs lino our to 323,501 1,266.105 _/.. depl. for the those items new to Government Note—Income before Federal Squibb & Sons—Transfer Agent— . depreciation exceeded 1943 Earnings NewYork has been appointed transfer agent, for the $4.25 cumulative preferred stock, series B. The Chase National Bank of the City of New York has been ap¬ pointed registrar, for the $4.25 cumulative preferred stock, series B. .^■V, 158, p. 1863. r \ ' . " ' Int. and amort, of disct. and cxp. on debs, with , profit 1478.' p. (E. R.) income.... Non-opor. charges /.,/./ equipped sales Net /-The,Guaranty Trust Co; of Total , Net 1943—Month—1942 /'/ 1943—10 Mos.—1942 $2,850,824 $4,577,091 $23,559,511 $33,044,012 — Sales ~ZZ~-/-i./-/_//.:// , 8,231.378 8,895,284 - Sept. 30 Earnings for 9 Months Ended Sept. 30 income $13,153,880 $11,858,212 $35,428,553 $34,378,392 operating to general those manufactured in peace time, there have jSkcIly Oil Co. (& Subs.)—Earnings- Costs, oper; and general mouths equipment transferred from primary plants. The corporation has made effective use of sub-contracting wherever practical." The number of employees on Sept. 30 was approximately 14.500, an increase of Payments in 1942 10, 50 cents, each; Sept. and indirectly," in payable Dec. 10.to holders of record made on Sept. 10, last, as against and nine of 1942 by 93'/, and net earnings increased 58'/^. ' continue to be very largely for war use directly Noel E, Keeler, Treasurer, states. "While most of the -. 157, p. 1854. 40 cents—V. 10, of the year engineering staffs. Manufac¬ turing capacity has been expanded during the year by the addition of / several branch plants producing parts or ...^'.-assemblies' in. areas affording suitable labor. These units are for the most part houseci was June 10 10, March follows: as and Dec. dividend a par value, no A-similar distribution 20. were declared have directors common for this been many new types and applications and some have been developed by our research and $4.12Va to Spencer Kellogg" & Sons, Inc.—50-Cent Dividend— Nov. sales comparable period on 1,' last.* Accruals as of Sept. 1/ 1943, amounted share on the'2nd-preferred stock.—V. 158, p. 778. - the 493. 158, p. holders to $1.37 la 1st preferred stock, no par value, both payable record Nov. 23. Like amounts were disbursed $5.50 cumulative 1 of the regular quarterly dividend of like amount value/ and The $47,787 . $92,507 taxes.,-, v— pf accumulations on dividend a $77,999 $72,984 earnings directors .par por Net declared have oii Sept, no the Net Other 1943 Spear & Co.—Accumulated 2nd Preferred Dividend— } 1943; 30— Months Ended Sept. 12 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 / Symington-Gould Corp.—25-Cent Distribution— Net income for period Shares common, otiistdg. Net, per —V. 981.348 share. common $1.32 , Net 'profit .fr.' opers.Z Gross income 4,870,561 i-_ ' charges ■_-// Income South Carolina Power' Co.—EarningsGross Operating General ~ §622.274 $541,057 $G,97*i!,097 237,944 3,524.526 2,642,763 43,446 41,652 523,980 133,845 168,274 1 taxes Gross 11,216,553 297.160 109,119 288,014 874,351 With $1,221,426 $93,186 $91,336 income './. 1 etc., 54,736 653,817 10,789,367 3,586,940 3,574,234 Western tax__ 1,440,622 1,416,071 5,444,664 2,390,418 succeeded by Clem H. Franks. in April of this year,—V. 142, Gustave 1,959,837 "'^,143,687 for" 6,860,356 $38,542 $38,450 $567,608 §494,567 14,286 14,286 171,438 171,438 Balance income/_ of. V. — pfd. stock 158, p. 1539. on inc. Net —V. per 158, p. .1,500,000 The be paid 1. Dec. on 5.860.356 cumulative Electric 1, 1954, in an amount equal This payment is on account payable to registered holders of Nov. 20, 1943.—V. 157, p. 1092. / , interest of ,the bonds as in and arrears 225,000 450,000 675.000 675,000 $0.61 $0.55 $1.96 _ output of public the compared kwh., 197,483.000 corresponding week last as year, , Opera ting Noil-oper. Other 2,477.885 expenses/--/, Depreciation expense ' taxes aim licenses Net ; — exc. profits ineotne $1,596,245 $8,096,194 r, / $3,742,348 2,392 Deprec., Int. 16,628 - 5.946 81,184 263.791 tax 1,919,933 1,082.310 5,920.071 46,421 52,964 174,687 18,422 85.938 depl. & amort,/ income 251.698> $355,419 $1,64-1,700 8973,00!) 91,783 575,342 188,128 $700,989 $447,201 $2,217,043 $2.56 $1.62 $8.06 Earnings per com. share -V. 158, p. 1675. $4.17 Co.—Public Invitation for Company is inviting proposals for the purchase bonds, series due Nov. 1, 1968. —V. ■158/ p. tax'-' .' • ' share-.// 1863.' ' .' ://■/' ■ 3.162.000 .6.300.000 : $0.63 $2.00 Southern Pacific Co. The $1.65 Month •«.••••. . Ry. oper. revenues'.. 231 So. La Salle 16.—V. 158, p. 1772. 1942 . 1943—9 Mos.—1942' $! g $ 44,785.553 443,092.290 329.077,408 23,648,806 255.965,014 195,947,803 49,164,069 Ry. oper. expenses 29.135,587 21,136.746 187,127.276 133,129,605 2 Oi, 029,082 from ry. oper. 9,104.685 102,415.414 1.762-.537 17,008,459 12,249,419 Ry. tax accruals- .-/ Equip, rents <net>„. jt. inch. rents.i.net);...1 1.870,162 54,124,623 13,427.288 851,985 132,439 155,186 1.118,968 5.777.063 10,114.339 66,584,435 with Natural distribution the Gas Co. itself be violation of .said the of Distribution honored, for Standard order Co. share Oil 15, (N. Co. order Standard to Gas full of in that Exchange Oil Like J.) to 16. Total 721,871 6,645,318 on 10.836,210 73.229,752 Net, profit after 37,118 540,591 551,130 . 2,243.507 - income >~V. 2,373.777 20,460,222 2.898 2,766 25,761 24,514 4,586,021 charges—ZZ Net/earnings / •After 8,422,549 52,203,179 21,597,639 Earnings— End. Oct. 31 1942 1943 S Period— ; $ 8,757,501. 8,584,584 ■"/ —Jan/1 to Oct. 31-— \ 1943 S ' f - 1942 ' I * 1 ^ ' . 84,294,260 $5.08 $3,525,530 $4.07 - taxes. the first nine for per share on like A corporation has issued an invitation for. tenders to the holders preferred stock. Tenders are to be filed with the Chemical Co,, New York, N. Y.', on or before Dec. 3/ 1943. The. totice .authorized by a resolution. of the board' states "that subject first right of the board to reject all or any . part of the tenders t is the present intention of the board, if . the prices at which the hares are tendered are deemed by the board satisfactory, to purchase the aggregate cost of, approxi- nately $100,000.", .- ... • ' • '. During" the fiscal year ended Oct. 31, 1943, the letter points out, he company purchased '2.340 shares of first preferred at , an average irice of §26 per share, which shares have been retired and there shares of such stock.—V. 158, p. 4J4, and a stock, par payable paid 15 Dec. stock quarterly dividend of110 cent,9 and the usual quarterly $1.40 convertible preferred holders of record Nov. 26. SI, the on 15 March on and to 15, June during, 1942 Sept. .15, 15 15 and were cents as each; Sept. 15, last. follows; March and months same of 1943 was The Sept. 30— 1943 1942 $7,629,563 $1.98 $3.16 1942, 1941 cap. and taxes and all other 1940 after estimated income and period of 1942. miles 158, p. 586/ with month last i 1 Months 9 Prov. Net of on ! the conimon 10. Nov. A slock, "similar par payable $5, distribution was Distribution Dec. made 1 on of 25 to — cents holders of June 1, share and' interest.Payment will be made at The Chase National Bank City of- New/York, trustee, 11 Broad St., New York, N. Y. The privilege of : converting the debentures into expires at the close of business on Dec. 24, 1933.—-V. Provision for income ■ per Per share of —V. ~— stock/—!. common 158, p. 681. • - 1677. v prof. tax. 1942 1941 on - $2,459,061 $864,302 1.954,250 1,654,995 228,m 8903,068 $804,066 $636,128 468,283 snares $1.73 stock interest, deprecation taxes.—V. 158, and p. other charges, $1.52 but before $1.10 provi¬ 495. a . of a conservative dividend program for at a of the fiscal year, end this company few months is probable, Frank F/Kolbe/ President, stated on meeting of stockholders. "Indications are that dividends will at Oct/29 least be inaugurated .hy the July 31, 1944," he declared. said earnings this year are running a little ahead of last; year. The company has reduced its total bank loans, tax liabilities and land commitments from $1,500,000 on July 31, 1943, to -Sl,100,000 ; Mr. Kolbe at the present said He firm's the time, Mr. Kolbe said. company's policy in the future will be to reduce th^ still further so the company's debt will be down to liabilities 1942 $9,396,015 1,907,347 1,049,041 United Merchants & Manufacturers, Inc.—Annual Re¬ $598,431 $858,306 port—The annual report for the fiscal year 1943 show-) consolidated net profit of $4,256,656 equivalent to $7.40 1943 and excess & exc. a— share for Federal sion 1943 30— 158, p. (& Subs.)—Earnings—• 2,249,96*0 profits tax—1,651,528 1-^—— Net :profit of 9'/.—V. $11,809,175 ZX sales profit before taxes common stock 158, p. 1772. Subs.)—Earnings— 9 Months Ended Septi 30— . gain a United Electric Coal Cos.—Dividend Outlook— of the Net miles flown by United Air Harold Crary, Vice-President in $2,857,318 profit within outstanding 10-year convertible 6'/ debentures due Jan. 1945/ have been called for redemption as of Jan. 3, 1944, at 100 Net by on the Sullivan Machinery Co. (& for the taxes record last/and debentures— - 9 October, 1942, inc. -Inauguration of ancl profits tax. the company flew .35,058,300 revenue passenger gains of 3'Z over the 34,123,365 recorded in Ended Sept. common •After per .am*. Dee. 28, 1942.—V. 158, p. 1675. Studebaker Corp.—To Redeem Nov. : for Fed. Earns, dividend $2.87 charges, excess passenger revenue on for in 1,891,772 •Profit a tor United Biscuit Co. of America — .directors, have declared a dividend of 75 cents per share on .stock/: par $10/ payable Dec. 1 to holders of record Nov. distributions were made on March 1, June 1 and Sept.. 1, Payments during. 1942 were as follows: March 2 and June 1, 95 each; and Sept. 1 and Dec. 1, 75 cents each.—V. 158, p. 1478. declared $6,940,599 September of this year and 24'7 over the 28,165,630 revenue passenger miles of October, 1942. Airplane '.'-miles totaled 1,940,890 as compared Similar Oct. 29 high announced was charge of traffic. Mr. Crary reported common on 10 1940 $$4,786,955 15. directoVs, 15, 1941 t$4,912,525 the last. Dec. 682. p. — sh. An .all-lime depletion and amortiza¬ $4,024,385, as compared Sterling Drug, Inc.—To Pay 75-Cent Dividend the remains outstanding 29,602 Vice-President in charge of for 12 years Director of and Department Store Mer¬ Co., United Air Lines Transport Corp.—New Record— . deducting' post-war tAfter depreciation, Adams, Oil & Gas Co. above.—V. June 30 Inc.—Invites Tenders—• the. first preferred stock to Magazine, share common June 158, profit J""' & Trust iqw /.$103,653,092 398,378.075 9,790,030 14,001.460 6,264.500 9,707,200 Acquisition— . 273,859,73^.; ?2^7l3;309 The hares of provision S3,226,105 for the 1, o V. Lines total for Ail (A. G.) Spalding & Bros., f its per Nov. 23. 1943 period includes S2-.903.700 income tax and $17,233,000 excess* profits tax computed under the Revenue Act of .1942. An'additional amount of $2,979,800 has been provided to cover possible contingeneiea in 1943. .^Provision for taxes in 1942 includes $2,917,000 income; tax: and $23,000,000 excess profits tax computed under the Revenue Act of 1942, together with an additional amount of $1,000,000 to cover war and other contingencies.—V. 158, p. 082, 1942 income.. share with 158, p. 1772. lank on Stewart-Warner Corp.—25-Cent 10 Days -V. record stk. $2,03 •After provision for depreciation, , Tlie earnings cents, 25 General Manager. declared 9 per both were cents; Earn, in 47,587,980 Southern Ry.—Weekly and common cents the on 9 Mcs. End. _■ taxes ..." ; tion 158, p. 1863. Iross " 1943 gasoline and oil deducting credits. cents of system charges and State for est. Fed. Earnings per/common 69,761,263 76,369 Contingent, charges Net of Timken Roller Bearing Co.—Earnings— , 158, p. 1863. See V. the record date. 20 Nov. on 35 $20, par "Net- Co. of Ohio—Earnings- Standard Oil 5,035,554 6,908,749 income ■//:;/;// deductions: fixed Totel bo a divest stock, no requests will stock certificates and/or pf.'fraCtiohal shares,, in amounts other; than those to each, stockholder-is entitled, based upon the total shares held Nine Months Ended Sept. 30—■ ■■•Gross operating, into.me/ See Miscell. dividend a 14 to holders of Fastener Slide the on amounts cents.- has avoid to Co. Clix of Payments of 1943, company lieu in the close of business at 1943, Natural issuance the. above the capital stock on or about Dec. SEC's Consolidated by 64.725,709 1.131,731 : inc Other income .inch clivs. oper. President directors dividend to. holders of', record Nov., 15. notified the New York Stock Note—The ry. declared payable Dec. Mademoiselle the share per ■ Earnings of Transportation Syst. 1943 Period End. Sept. 30 of stock, connection tProv. ?Nct will Tilo Roofing Co., Inc.—10-Cent Common Div.— $8,131,037 $26,019,626 $21,455,073 $0.84 for manager sales 8.534,000 15,400.000 Standard Oil Co. (New Jersey)—Re Stock In from it of $5,500,000 proposals must be presented to the company at St., Chicago/before 10 a.m. CWT on Nov. .. have stock, 'Including post-war tax credit of $1,723,300. Provision for first mortgage ry. of. this and Vice-President; 3529. p. Advertising, Sales Promotion; Publicity chandising for American Viscose Corp. Purchase of $5,500,000 Bonds— Net President health elected nationally once war conditions permit. Spooner resigned his position as Sales Manager of the Linden to assume his new duties with Textron,i Inc. Prior to his association with the. Linden Hill Corp.. he was1 national accounts 16,339,627 711,938 21.875,591 711,938 6.098,040 237,312 237.313 consoL.net profit $10,882,992 which All and ill was Hill Corp. $17} 182,992 $11,293,037 $41,419,626 $29,989,073 ' checks Colorado Power Southern of Franks marketed 2,319,860 191,993 .... 1943—9 Mos.—1942 $17,628,389 $64,007,155 $47,040,637 7.821.388 11.1 profit technical Net: . incomes/-/. $25,241,693 Earnings 'per ' ;.: ..a/ for the 158/p. 1862. kwh. 17.7',/.—V. 1943—3 Mos.—1942 long-term debt-" VS on .Est. 45,177 '■// 22,437 $508,996 refund director as because Mr. Mr. Spooner will make his headquarters in the Empire State Build¬ ing, New- York City, where the corporation recently opened its offices. Currently, plants of the company, located in Providence, Lowell, Manchester and Sunpook, N. H., are largely engaged in the manu¬ facture of various textile products for use by the armed services, including human escape chutes, cargo chutes, mountain tents, glider tow ropes and jungle hammocks. Surplus facilities and material, produced in the company's plants, are now being utilized in the manufacture of limited quantities of consumer goods which will ba / - „»e,st;j 132,558 8,452 income Post-war -.a Prov/ for 'Fed.' inc. ; $3,744,739 5.915 . Consolidated Net » directors by Royal Little, the 1943, inc.—Divs.'.l misc. Gross 69,631 tuxes. 167.785,000 6, 94,909 722,535 1,262.505 $8,112,822 26,634 surtax State 94,905 « $1,595,762 483 tax with increase of an in companies for the week ended Nov. $24,480,681 $16,774,927 $61,978,283 $44,815,753 I 189,149 155,140 525.144 537,935 income/./ • 571.863 698,322 1,503,727 1,686,949 income Total, net 6.205.193 Z normal Federal * 6.295 $2,559,348 Gross income a--./-./ Income deductions/ .a. / Federal 25,751 $2,553:053 8,424.906 882,468 1,625,471 1,798.630 206,321 390,302 24,178 —/:„_ v//-. . Federal 228,724 493,330 :' ' revenue.:./. oper. Other income resigned subsidiary Mr. oper. Operating rents, net Co. Alden Spooner has been named Vice-President in charge of advertising and retail sales promotion, according to an announcement Standard Oil Co. of California—Earnings-— „ (& Sub.)—Earnings—. 1943—12 Mos —1942 $4,016,766 $19,123,943 $12,027,490 $5,777,170' revenues and malnt. operating utility system totaled 1943—3 Mos.—1942 Period Ended Sept. 30— Oper. 681. p, Textron, Inc.—New Vice-President— Period End. Sept. 30— Total pay¬ compared $1.31 ' is Southeastern Greyhound Lines Operating common similar as amount was disbursed on March 31, June 30 and Sept.. 30, last, and on March 30, June 30, Sept, 28 and Dec. 16, 1942,—V. 158, p. 1077. 3,324,714 Standard Gas & Electric Co. to the holders of general lien 1943, collateral trust income bonds due June 1 '/ of the principal amount thereof. to of has Heding Electric the capital Standard Gas & Electric Co.—Weekly Outputwill A John Southeastern Gas & Water Co.—Interest Payment— interest the on 1942, Tennessee Corp.—25-Cent Distribution— 1.959,837 stir.- com. 1477. 158, 20. 4,824,714 2.143.687 Preferred"divs/ income Net ■- Dividends Oct. on ; Teletype Corp.—New President— 15,891,959 therefrom and 1942.—V. 21, 674,286 losses; 652,965 April on share has been declared holders of record Nov. 10. per to 4,050,194 $1,147,532 52.793 deducts— cents 22 May. l; last, i,208,oio * Interest, 35 cents on 4,792,319 ; future inventory poss. 25 Nov. made //_/. 1,000,000 Approp. 47p,554 . of payable was 427,186 foreign income, taxes Fed. exc. profits 618,899 717,694 taxes—}■ profits taxes] excess & norm, 16,189.119 79,815 ■ 460,131 income Federal Fed. $5,636,895 353,645 ,■ 4,130,010. 78.242 : / TncomeZ— Net 1943—12 Mos.—1942 1943-Month—1942 // expenses for deprec..... Provision Fed. a/:.. rev enue dividend stock, ment 158, p. 1675. Ptriod End, Sept. 30-- A ' credits Income $3.20 $4.59 the point where operations will be on a sounder basis.—V. 158/p. 1577. per share on the 575,174 shares of outstanding common THE COMMERCIAL & FINANCIAL CHRONICLE 1944 This is stock. These after deducting all charges, making for¬ eign exchange adjustments, and setting up a reserve for contingencies of $750,000, on which taxes have been paid. The previous share, after year's setting working capital result up a shows equivalent $3,787,902, was for reserve increase an contingencies of of to $6.41 $750,000. Tenn., J. W. respectively, The per The tion $10,394,553. There further In of are to development 30, 1943 in United subsidiary after either country States. and conversion The the on natural Argen¬ into U. these foreign companies looks promising. earnings stated above, the corporation's share earnings in companies not consolidated for the year of amounted to $109,750. Depreciation of fixed assets previous Dividends equal policy paid $2 to dividends This does paid not include Ulync taxes tial increase discounting No mers. The in to As past fiscal its replacements amounted year plant to to 30 75'/<> of been of in An last the the to ize Bal. pany has in Conversion of our of most ing clients, and confined against had to mind in merchandise our We the its if balance the the materially 1, and Net have sheet; these of Textile income to such '' The they in¬ were of strength the company Def. felt it prudent U. divs. Com. shares outstanding to is intact, and renegotiation this at on mills our and of ducted Other pending. are have on feel may tme, the we While Years Ended June result 3,076,000 1,308,000 I. Cash 322,000 on Tnade hand, in sale Sheet at as June 502,623 $3,059,096 $3,135,987 $4,109,858 banks issuance 1,197,939 1,626,309 in on transit——— United States Other Util- and foreign . . Other (less stock to $1,938,048 •. $2,483,549 . Patents, goodwill Total 352,169 for 149,326 177,196 12,434,157 10,408,860 ;• 187,163 17,255,722 687,554 and results of _ Eastern of Shore Public income included 1943, of Concord is combined dividend a on 64,253 Gas, disposed stock. The this dividend of in companies earnings for of shares foreign banks. $4,064,000 crued of $192,759 Securities by all ($3 expenses, etc. for Federal and Reserve Notes profits liabilities, the 5,727,567 income of ______ for Minority of and stock, Exchange & Common stock Capital (par Earned ' ' " ' , since stock in 18:006,409 13,871,268 Z)r419,765 132 998 Aug. 1, 1932—... : $51,991,052 vIssued of as $7,710,507 in July 2, 1943 1943. and U. S. Treasury tax & labor, of ' tAfter $6,255,347 in $42,298,699 deducting depreciation 1942. anticipation notes.—V. United Public Utilities the S3 dividend $2.75 dividend payable cents the reserve $After deducting 158, p. 95. holders current of preferred made and and of 75 15, the on 31, In the share Federal the on and one corporation of paid 158. stockholders amendment This the from increased from action the was to January.—V. special its stock from surplus meeting charter, cap't°l that surplus also from $2 $2,000,000 to reduced stockholders annual a company's reversed shares capital The of at the capital shares of thereby $8,000,000 of to taken from held arrearages to to Oct. on $10, the 29 for value capital by $10 June, to $2 1932, when being the account. par an amendment held in value changing the February _ the to two tire cord Smith, pressing more need of its production, it General for more textile was tire mills from announced Manager of the textile cord the the date instead company manufacture late last month division. Union effective to of cents 50 made be Oct. 7, share, per this on class Po.stal Telegraph, dividends dividends share per Inc. the at be can of The class A 15, last.—V, $2 the on made were of rate paid 158, per class the on B old 1774. p. 1943—9 Mos.—1942 $28,960,238 $90,099,209 $90,458,694 " ' ' 21,395,479 67,233.480 2,571,278 2,112,040 7,337.584 6,433,503 1,456,092 1,369,433 4,044,720 3,912,162 3,870.050 64,785.463 deprecia- ' J and admin. . 1,252,482 1,383,401 inc.. 231,046 291,983 789,8°0 856.487 accts. V, 69,553 68,702 203,902 % 222,797 $1,777,203 $2,339,200 $6,619,583 $9,982,620 178.252 155,913 560.391 459,143 $1,955,455 $2,495,113 295,290 300,454 than doubtf. ________ income 4,265,562 $7,179,974 $10,441,763 charges, includ. ,V bonds.... on '905,456 891,408 for Fed. inc. taxes 535,000 for profits Net $48,930 profit per % 705.000 2,016,000 2.116,000 (estim.) 282,000 650,000 1,139.000 4,585,000 i— $843,165 $3,133,566 $2,835,307 Fed. taxes 158, The excess - share.. com. $839,659 $0.68 1774. p. 6,003 5,362 1,151 1,151 2,963 1,150 *6,366 A like last, •' ,. $0.68 , ! K $3.11 S2.59 - • 203,439 amount $76,256 for Nine $50,860 Months $45,262 Dec. 28, and March 16. 15 Feb. on 18. dividend a Nov. to of April 15, 10 holders 15. May 15, cents of per record .share Nov. 5. June 15 and 16, 15, May Aug. Nov. 1G Aug. 15, 1942.—V. 158, p. 496. Woolworth Co.—October Sales Off 3.4%— $44,816 Period End. Oct. 31— •/■'V-v..... Ended Sept. and 1943—Month—1942 ;. 158, p. 1943—10 Mos.—1942 <|» § 37,146,005 Federal equipment—.j_u ■■■■ Sales 1943 30, —V. renegotiation disbursed was Co., Inc.—10-Cent Dividend— declared 4 payable 58,393 contract prices. war stork, Feb. on Nov. on common and and 206,172 directors the on —2—^ •• 38,473,914 338,805,415 322,599,576 1580. < $928,770 ... Wright-IIargreaves Mines, Ltd.—Smaller Dividend— 22,284 .. 3,452 incl. renegotiation of The contract war • 122,780 __ income 569,586 $210,669 ... figures dividend a 1943—3 Mos.—1942 profit Provis. —V. $110,167 — and with cents (ext.) common patents— on 5Q depletion... discount Prov. 1, last. $261,453 subject are renegotiation of war to annual audit, end year contract prices.—V. expenses 1943 directors share per funds recently on the Jan. on 3 each stock, holders made were declared capital to quarters payments of July on Quarterly a par no of record and 2 dividend of 6'A payable in Canadian value, Nov, Oct, 26. 1, Distributions last, while 10 cents each were made.—V. 158. ir» p. cents of 7M5 nreceding 400. adjust¬ (Wm.) Wrigley, Jr., Co.—Declares Three Dividends— 158, p. 683. 1942 $28,542 $29,777 32,033 directors pavable 1941 1940 20th • — income $308,437 22,073 $6,077 - 317,380 Jan. *$422 *$3,943 each.—V. . 61,070 72,427 44,456 Payments 2, $78,504 $44,034 $21,319 and Net . amounted to and $43,522 V. p. or for and depletion income 158, 55,288 $26,551 *Loss. ciation the is nine after amounting excess declared April made March cents; and 25 p. three 1 to 1 dividends of stockholders of 50 cents record each,, on the month.- during and the May current 1, 50 year cents are follows: as each; June 1. 25 1774. cents extra; and Aug. 2 and Oct. 1, 50 cents 33.190 from Gross profits having to on *$11,872 : ended made $96,635. taxes *$11,254 .. months Sept. allowance No above indicated 30, for provision 1943, depre¬ made for earnings.— 1942 1641. 1140 $2, 765.726 railway. $3,774,334 $2,181,844 $1,281,648 863.720 2.141,239 1,017.251 404.601 railway.— Net.fjL loper. income.._ ? RR.—Earnings— 1Q43 September— 51,953 $9,788 profit already 158, Net .from profit net 1 preceding Yazoo & Mississippi Valley other 47,791 Note—The 25 Feb. each regular 3 and Nov. on 1, of 30,261 $57,579 _ profit Dec. day $21,651 23,700 *$3,491 — profit expenses 230,938 1,794,332 782,336 175,213 28, 301.494 25,078.799 13,830.798 3 0.832.325 11. 296.728 12.556,969 4.856.251 2.899,916 4 ,830,725 9,972,255 3,031,473 956,850 .. from January 1— Gross Net . Net from railway from railway... rv. —V. income.._ oper. 158, 1385. p. 496. of Walgreen Co.—October Sales Increased 5.8%— Period End. Oct. 31— Sales With Postal 1940 amortiz., contingencies of chgs. Younestown authorized meeting so that it may be 158, p. 1385. excess of transferred United States Rubber Co.—Reconverts to Tire Cord— converted the on the share record cents of transferrins $8,000,000 for results payable Dec. 15 to holders of record distribution Will & Bauiner Candle buildings of Federal and of the account. in deprec., of Operating authorized ra~ total $10,000,000, per made were on $1.75 holders $297,372 Statement taxes Total increasing the each share per of to 1941 taxes.. Operating States Fidelity & Guaranty Co., Bait.—Trans¬ $8,000,000 from Surplus to Capital Account— The an $1 1 1942 > Bond interest the of dividend 68% $1 50 United fers dividend The 1864. p. liability any 23.765.768 income Interest Virginia Iron Coal & Coke Co.—Earnings— Other of payments include Western declared anv incl. taxes, other Gross taxes, Co.—Earnings— 3 Mos. End. Sept. 30— Gross operating revenue 75 stock. 1939.—V. Federal 1,151 paid the company stock and and pre¬ $2 75 No on accumulations of into non-cumulative before malnt. gen. Gross income ments not April 15, July 15 and Oct. on for for cents the on distribution 1942, S3 15 $2.75 represent March A cents the on Dec. on 24. share per per sharing income on & (F. W.) before for Net 1942. $4.48 7,428 Note—1943 $2.25 $4.21 payable Dec. Sept. to expenses Prov. stock patents profits prices of do $31,123,422 and Taxes, 1941 $2 215 000 of Accruals— account of 68% last. cents of $2.06 % on Nov. of one while $1.37'/2 ended record and declarations quarters dividend a stock June on $2.75 stock, stock Corp.—Pays Part declared preferred dividend a the $3 The three $3 5 preferred stock, both to were 15 on the on 10 stock June on cents series seiies Dec. on ferred Nov. on tion Other cents 9 that company annum, Provision $664,849 1943 profit taxes v. directors and taxes. bldgs. Depreciation Res, of act par w>lue, etc. Repairs deprec., Fed. of Income ■ The 50 1 common Sept. 30— Amortization Total 8,559,863 first .... Selling, +1942 quarterly both of June 6,000,000 treasury. 4.111,000 recently issued in exchange, share for share, for the the Western Union Telegraph Co. in connection with of entitled Cost of sales, ' $622,66^8 profit a usual •Including renegotiation of 905,110 17,779,266 5,046,000 8,125,841 merged the Distributions etc. during 1942 were as follows: March 2, Sept. 1, 50 cents each; and Dec. 1, $1.—V. 158, p. 683. Income 438,320 surplus, Common Net 17.918,156 3,495,000 6,519,815 Wheeling Steel Corp. (& Subs.)—Earnings— be to ' *6 000 000 $l)-—^__—6,511,790 surplus 1, the on before excess 304 487 13,779,888 5,291,214 Period End. Sept. 30— sales, less discts., Com¬ it $4.07 declared the for contingencies.^ Est. Federal income and 1,000,000 706,766 in capital stock and surplus companies—consolidated preferred stock (par S100> cumulative have and equipment 269^879 1,750,000 129,323,696 Gross Southern considered 158, p. 1864. depreciation, Distributions and Amort, 500 000 . ZI_.II - interest subsidiary ,5'/o current... contingencies. JjJ 151,161.074 Nov. on is was capital stock share) 1943 Res. current liabilities—noh Reserve per Southern $598,381 preferred stock, March amort. 6.134,598 £ 98,204,936 figures A stock, no of merger stock. in -■' stock Deprec. 3,437,081 taxes...$6,036,666 payable—non Sundry 1 Profit and 1943—12 MoS.—1942 $ revenue which This is disposed & Commonwealth share— common 3 Mos, End. 3,992,450 1942 3,358,000 foregoing which Earns, 335,075 3,169,300 V' -Earnings- 9 Mos income for 1943 comprise estimated normal income on directors share Inc.—Earnings— Victor Equipment ac¬ ... foreign - excess clients...________ sundry ' : under Inc. 19. stock applicable per Commonwealth preferred Sept. 30— —: charges, first on June $5,681,750 — factored payable, per Payments $51,991,052 $42,298,699 ______ balances accounts Co., — all 18. stock 20,672,000 $4,698,000 $37,551,000 $47,214,000 Fed. charges. surtax the class stock, Service Co. investments on and preferred directors the Nov. .3 trademarks 1943 income on capital stock operation received the Raalte profits The 749,298 _______ 16,934.000 114,457,675 bef. after and The on $9,013,106 $11,187,281 $12,803,006 Erie actually series common 7,565.563 988,403 _ $20,617,000 $26,542,000 12,528,465 taxes Nov. $8,187,529 payment out of capital.—V. on 484,888 8.727.278 3 . _ 2,091,000 1943.' —$1 Common Distribution— 2,442,904 1943—10 Mos —1942 $2,607,000 $4,231,000 revenues Note—The $12,407,169 $14,549,401 $17,145,180 $20,121,114 2,306,775 2,666,760 3,088,601 3,492,053 fAdjusted. 304,908 720,630 ; to under profits tax is indicated. 264,775 14,474,468 comparative purposes. are of $6 on •After 9,574,219 373,063 cons. payable—banks Trade issued Co.—October Sales Off— 1,897,000 ______ •Federal taxes outstanding $6 series 95,045 — Credit be 1579. p. inc. tax approving Liabilities— Due will 1943—Month—1943 sales income •Fed. Appl. its ^ ; bonds— ———_ Notes bonds new to $2,334,000 ' pfd. in 9,178,215 reserves)—: and which taxes $2,600,617 Net common included in Earnings 10,497,699 13.060,980 — The is Western Union Telegraph Co. County Electric Co., the investment in which disposed of in August, 1943, for a cash consideration and the com¬ Van $1,405,958 7,078,738 ——— charges original indenture bonds, due June 1, proceeds of $885,000 proceeds sales 158, Oper. . $1,848,983 — 9 Months Ended 6,045,000 government _ assets May 5, on consideration the Coast, sales Telegraph 1943, •Net 9,801,463 • assets ■fFixed of to as, Period End. Sept. 30— s to ___—_ July 22, 60,000 res. inventories receivables $177,000 West Operating • mission, 1942 res. Investments in associated companies—not Deferred of $4,155,772 stock._i accts., notes and accept, receiv., less notes receivable purchased less Accounts & Merchandise aggregate cash be modified by a proposed first permit the release from the inden¬ represents the amount by which the afore¬ so 1,636,965 30 July 2, 1943 preferred stock) cumulative and which indenture sale bonds. present indenture, Combined $4,237,582 1,210,113 Corp. and of preferred of Retail Co.— above appl. Corp. 42,000 1943 from the Period End. Ofct. 31— Co.—de¬ Also 739,000 3,317,000 Assets— Cash all Western Auto Supply 1 5% an provisions exceed the sum required to retire all the old after such steps, proposes to distribute $754,400 cash to Peoples Light & Power Co. as a partial liquidating dividend. West Coast has received the approval of the Public Utilities Com¬ missioner of Oregon for the proposed bond issue as well as the SEC. —V. 158, p. 1774. 1,817,241 of received Balance of the District in appl. to cap. stk. $10,100,394 $11,882,641 $14,056,579 $16,629,061 pfd. stock 1,912,865 2,869,535 2,869,298 3,826,055. are a shares by ' its Clatskaniei comprising Coast $5,552,200 275,656 __ periods. contingencies. sale required public offering. a assets Oregon $6,054,823 Subs. Dividends of $3.37 5.909,000 $5,757,679 345,390 appr. I. excluded mon 1940 $2,021,620 $4.37 to of bonds. Philadelphia was 1941 $2,623,132 $6.41 _ effect its and outstanding first mortgage 4>/4% principal amount of $708,000, the original mentioned Note—Combined earnings do not include the results of operation of Electric which, by reason of U. G. I. Co.'s Divestment Plan, effective June 11, 1943, ceased to be a majority-owned subsidiary. the cannot per shares $7.40 Note—Taxes paid or accrued: Normal income & other 2,233,000 giving and 1943, sales supplemental on Bal. 599.658 lAfter properties 10, 50-Cent Distribution— Bal. 30 1942 $3,787,902 $4,146,556 1,923,477 income Divs. earnings, our 599,903 Consolidated involving the , $6,033,335 Exps., taxes, etc., deduc. finish¬ 590,528 for B have been deposited with the trustee thereunder and major portion thereof is proposed to be applied toward the retire¬ the 1943—12 Mos.—'"1942 $4,491,948 1,355,961 cumu. G. U. Also $4,256,656 profits the such ment 3,492,053 1,452,119 Total 575,174 reserve As the in from $8,249,063 $10,706,205 $12,059,076 $4,511,215 Appl. G. to ' -_.-__i.__ 4% (new bonds), to be 1, 1963, in the principal proposed to be sold at their prin¬ are to two public power districts for ture . sold March on $885,000. the 3,088,601 transaction not a Coast 1965, Account— —. fund Subs. stocks ■ 1943 •After of 1 (Company and Subsidiary Companies) $4,312,129 199,086 U.G.I.—— June, profits Excess 1943, war 1943—12 Mos.—'»1942 1943—9 Mos.—*1942 ... of earns, The company renegotiations Account •Net Earnings for Z 2,666,760 $7,688,808 revs... .. oth. ity report. Income ' duck Such bonds • have companies previously, & Bal. of companies." financial future. appraised this belt Corp. ownership an activities, to the peace time demands rapid, orderly, and without interruption, be respect which affect com.— deductions "Restated definitely and at $9,601,673 $11,118,598 $13,575,502 $15,885,131 1,912,865 2,869,535 2,869,297 3,826,055 net income Income time war will with any, be for income, Gross custo¬ June on the Seneca now figures associated to directing personnel Proceedings West District -V. purchasing, of production. cannot 2,306,775 stock... operating Other are in a high state of efficiency. manufacturing plants the man power situation at times has become strained, but due to the adaptability of women to the require¬ ments of the textile industry, we have been able to continue at effect, hose located Co. in ance transporta¬ also mortgage bonds, series 1943, and to be due June 1, cipal amount plus accrued interest to the Provident Mutual Life Insur¬ and rayon first as June Wholesale our peak pfd. avail, Net plants In Mill, Co.—Income inventories. terminated interest in $6,045,000. for from make to substan¬ a the receivable accounts agreement and our was customers, dated amount of $600,000. Utility Subsidiaries— ><v. ' Operating revenues $21,462,361 $19,532,575 $28,476,034 $25,839,459 Oper. revenue deducs... 17,150,232 15,386,017 22,718,355 20,287,259 fiscal liquid assets for post-war development to modern¬ equipment, and to round out certain activities the com¬ and Z Period End. Sept. 30— the sale of $6,000,000 of 5% cumulative preferred The net proceeds received by the company from public. designated the : Combined Earnings, additional plant as into addition underwriters provide of are the acquired. stock through by Wlnnsboro, $11,908,448 $13,785,358 $16,664,103 $19,377,184 1t\ VPC.pfp • on Sink. "investments important stock made trust was common effected was list additional 25% consolidated cluded its Operations are an Reid 1943—9 Mos.—* 1942 income $1,160,227 expire. subsidiaries the enlarge voting to Shelbyville, operated 1943 , operations guaranteeing of year of June and to advances ten allowed was and mills ' with $564,140 compared as and outstanding. This year common stock quarterly basis, compared with a previous a volume. and continue deductions payments. charged continued Company's Gas Improvement 1 Net period amounted to $8,142,000, equivalent to $14.16 per share, in comparison with $6,393,000, equivalent to $10.83 per share for the previous fiscal period. The United Factors Corp., whose activities consist of commercial factoring, Mass., four 1864. p. $201,144 share on semi-annual Direct $723,208 machinery the common be will 158, $402,431. during per will of to was New year. amounted Ga., Rubber Period End. Sept. 30— Total income Divs. the of Earnings of Company Only and Corp. ' account States transfer, growth representing the undistributed equity in earnings of the Seneca Textile for United United S. the to undistributed June the Canadian our $2,180,743, were restrictions no addition Bedford, total a securing earnings of earnings current make Monday, November 15, ^ orders.—V. subsidiary companies currency. of net New needs. Hogansville, Schwab, President, in his remarks to stockhold¬ combined and at . states in part: tine located are company, including one at Hogansville, Ga., and another at S. C., now devoted to tire cord production. • This is in line with the Government's program for more cotton tire cord for both military and essential civilian The ers mills by H has of re¬ duck Gordon 1943—Month—1942 $9,723,330 — —V. 158, p. 1943—10 Mos.—1942 $9,188,804 $91,802,589 $80,314,178 1578. 100 ity, Vz As Power poses a step in Co., the to the voluntary plan West issue and Co.—To Sell Bonds sell Coast a Power new series of liquidation Co., a of its subsidiary first ity. Privately— of 165 Peoples Light & of Peoples, pro¬ mortgage bonds to & Tube Co.- -To Retire Outstand- The company has caPed for redemption as of Dec, 15, next, all of its outstanding renal debentures due Nov. 1, 1944, 1945. 1946 and 1947, at West Coast Power Sheet ing Serial Debentures— be .- aod interest, of 1% the on Pavment will Broadway, The New company convertible 4% plus a premium of % of 1% 1946 maturitv and % of 1% be made at the Chemical Bank on on & the the Trust 1945 matur¬ 1947 matur¬ Co., trustee, York CUv. announces debentures thet, this due Sept. do°s 1, not af+e^t 1948.—V. 158, the p. outstanding, 1864. THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 Volume 158 1945 Jm a, Stock audi Bond Sales Mem Yoirk Stock Exchange ll§l:lili!|fiyv'llfllDAILY -^WEEKLY J-fYEARLY sales are disregarded In the day's range, Cash and deferred delivery NOTICE «c» unless they are the only transactions of the day. No account Is taken of such sales in computing the for the range year. SHE ar United Stales Government Securities on the New York Stock Exchange Below furnish we a daily record of the transactions in Treasury, Daily Record of U. 8. Bond. Prices Nov, 6 Home Owners' Loan and Federal Farm Mortgage Corporation Nov. 11 Nov. 10 Nov. 9 Nov. 8 Daily Record of U. 8. Bond Prices Nov. li Treasury 2%s, June, 1964-1969— High Treasury Low 1. 4y48, 1947-52— , — Close Total sales In 41, 1944-54 Total • Total sales ' 3%8, 1946-56— Close 2s. — 100.12 '■ - v ■ 13 ; M. - M ' . .... ' ■ 107.7 107.7 Low Total sales In $1,000 units (High 2s, June, 1949-51. ; Low [Close :. 103.18 ___ Low Total sales Jn $1,000 units 103.18 103.18 ___ [High LOW 2s, Sept., (High •{ Low 1949-1951 [Close 3 — ... Total sales In $1,000 units (High 2s, Dec., [Close units 2s, March, (Close 101.4 12 fHigh \ Low (Close 1950-1952 ... * 101.1 •( 1949-1951 Total sales in $1,000 units vv> [High \ LOW 101.4 Low [Close | Total sales in $1,000 units— (Hign ( Low (High ... 2s, 1950-1952 Sept., 4 100.15 Low 100.15 [Close [Close 100.15 Total sales In $1,000 units units 25 f Hign [ Low (Close Total sales — 'High 100.5 in 100.4 100.2 100.4 100.4 $1,000 units 100.2 100.4 (High j Low [Close 2s, 1951-1953— Total sales in $1,000 units 100.2 100.4 1 6 34 fHigh ... Low 2s, 1951-55 Low { Close [Close Total sales in $1,000 units— Total sales in $1,000 units... — 'High ;:v- Low 2s (High -I Low 1953-55 Close [dose Total HOLIDAY Total sales in $1,000 units— sales In $1,000 units 'High ("High Low 1948 •' — 2s, Dec. 1948-50. ™ Close 1945 ■ — (Close — sales In $1,000 units—— 2%s, 1960-65— ■ * — High Total IOO42 j Low V- 2%8, 1958-63— ■: >•/ (High sales in $1,000 units 2%s, 1956-59— ' Total sales in $1,000 units LOW sales In $1,000 units 11 — _ I Close — sales In $1,000 units— 23/4S, 1951-54— 100.3 —_ ' Total sales In $1,000 units Low - ; : 107.7 \ 2s, March 1948-50 2%s, 1945-47— • 100.12 !) 1947 — Close 2 %s, 10 »> (High HOLIDAY High 2%s, 100.3 3 100.3 100.3 — Low \ ... Close Total sales in $1,000 100.3 100.3 100.3 _ Total sales in $1,000 units ... High Total 100 (High Total sales in $1,000 units.. Total sales In $1,000 100.4 100.3 [Close \ Low 2*48, 1948-51— 100.3 100.2 $1,000 units — f Hign Total 100.3 HOLIDAY [Close Total 100.3 — 2y*s, 1954-56 sales in $1,000 units——— 27/eS, 1955-60— 1 —_ (High J Low Total sales In | High —■{ Low 3s, 1951-55 100.4 — — 3s. 1946-48 Total 1 100.3 fHigh \ Low 2y4S, 1952-55 [Close Total 1Q0.4 — — units 3 yes, 1949-52— 100.3 | High ___ Low [Close Total sales In $1,000 100.4 100 [Close [High 1 Nov. 12 100.3 Total sales in $1,000 units — Nov. It 100.3 100 1 \ Low [Close units—n, 3yas, 1946-49— Nov. 10 100 32 2%s, 1951-53 — [Close sales In $1,000 Nov. 9 100.2 Total sales In $1,000 units — ( High | Low York 100.2 $1,000 units. — 3y*s, 1944-46— Total in 2%s, 1967-72 — units New 100.2 (High { Low (Close 1964-1969 Low sales in $1,000 Nov. 8 — High Total * ... , 2y2s, Dec., ] Low [Close sales In $1,000 units the on ■ [Close Total sales in $1,000 units / (High — Nov. 6 fHigh f Low — $1,000 units-.-^— ■ bonds coupon Figures ajter decimal point represent one or more 32d of a point. (See note below). week. Stock Exchange during the current 13/4S 1948 { Low Close [Close Total sales In $1,000 units sales In $1,000 units HOLIDAY (High [ Low 2%s, 1949-53— [close Total sales In $1,000 units Federal Farm Mortgage — (High High — 3j/4S, 1944-1964 LOW 2% s, 1950-52— ] Low - [Close Close Total sales in $1,000 units Total sales In $1,000 units 2%s, 1952-54— Total 3s, .1944-1949 sales In $1,000 units Total sales In . Home [Close ("High Low 1944-1952 Low < [Close — Total sales [Close in $1,000 units (High 'High 100.5 Close { Low iy2s, 1945-1947 100.5 LOW 1963-1968- Loan 3s, series A, ■{ Total sales In $1,000 units— Owners fHigh sales In $1,000 units Total sales In $1,000 units 2y2s, $1,000 units — (High ( Low 2%s, 1962-67 Low ——— Close [Close 2%S, 1956-58— Total fHigh (High ■{ Low [Close Total sales in $1,000 units——— 100.5 • 10 . ♦Odd lot sales. JTransaction of registered bond. NEW YORK STOCK RECORD LOW AND HIGH Saturday $ per *57% Monday _ share 58% $ per 56 y8 *109 110% 109 *45 47 Va *43 *52% 53% 52% Tuesday Nov. 9 Nov. 8 Nov. 6 share 57% 109 f per *56% 108 SALE PRICES Wednesday STOCKS Thursday Nov. 10 share $ per share 57 57 108 109 Friday $ per share 109 *45 47% *45% 47% 52 % *52 54 *51% 57 -r 10% 10% 9% 10 VB 9% 9% 9% — *28% 29 V* *28% 29 % *28% 29% 19 V* 19% 18% 39% 40 */a 39% 40% 75 41 *73 19% 41 Va *19% 69 73 70 72 6 Va 6 5% 5% *107% 110 *107 110 % 2 5% *107 19 5% 110 18% 18% 40 69 69 5% 5% 110 5V4 2% 1% 2% 22% 24% 22% 23 % 23% 24% 25 v4 22% 241/4 22% 23% 23% 24% 36 39% 36% 36'% 25% 26 — 2% 25% HO — 39% 39% 25% 26 24% *68 73 *70 *10 10 150 V* 150 *13% 30 14 30% 25% 9% 9% 148 *13% 27% 150 14 29% For footnotes see page 35% 35% 24% 25 % *67 73 1955. 70 9% 9% 147% 147% 14 x27% 14 29% *68 2 — 22% -- 9% 10 148 29% 14% 30% 2% 53,700 24y8 27,200 36'%• 1,700 25% 5,900 *9% — -- -- -- ' 146% Albany & Susquehanna 6,600 70 10'% Allegheny ' 800 147 1,700 14 200 29y4 30% 17,800 Allen Industries Inc— Allied Chemical & Allied Kid Co— Allied Mills Co Inc Dye 9 100 10 —100 1 100 100 100 ■' 37 May Dec Mar 113 Dec 31 43 Jan 18 39 May Sep 48% Jan 7 5% Apr 8y8 Nov 32% July 13 18% Jun 26% Dec 5 57V8 Sep 13 8 8 28 7 Apr Mar 16% Dec 48% Jun 1 29% Apr 41% Dec 76% Sep 3 61 Jan 69 Oct 7V8 Apr 6 1% Mar 4 Nov 1 60% July 21% Mar 30 Oct 10 25 11 2 2 11 11 112 15 75 57% 165 31% Sep 04% Feb A Jan % Oct 25 3% Apr 6% Nov 25 3% Apr 61/4 Nov 3% July 14 32 'A Sep 45% Sep 25 3iy2July 2 May 26 11% Jun 4 0% 16 3% Jan 19 140% Jan 9 10% Jan 8 July 15 141/4 May 17 118 Va 5 No par 15% Jan 4 321/4 Oct 26 11% 7. 5iya 104 3 No par —1 Highest $ per share 29 6 14% Jan 38% Jan 67 Jan 3% Jan 85 Jan fg Jan 5% Jan 5V8 Jan 13 Jan 18Vb Jan 64 Jan No par 63% Mar 12 I per share 1942 115 V2 Sep 52 July 7% Jan 25 V2 Feb $2.50 prior conv preferred-No par Alghny Lud Stl Corp Alleg & West Ry 6% gtd 14 RR Corp 5% % pf A with $30 war 5Vz% pf A without war 4 Lowest f per share 41'% Jan Par No par Alaska Juneau Gold Min— 30 Nov 35% Jan 23 10 Corp Reduction Inc Alabama .& Vicksburg Ry 17,400 108- No par -No Corp Address-Mutigr 24 *68 Co Air 70 5iy2Jan 100 No par 25 Express 1,600 25% — Steel Adams 4,900 .. 22% 36% — 70 147% *14 5% 160 No par preferred Adams-Millis 40% 70 24% 2 10,200 19 30 % *107 Acme — 9% t per share Par : Abraham & Straus 29 18% . 1% 53 39% *68 25 2 % *51% *28% ' 4% Year Range Since January I Lowest Highest Abbott Laboratories 47% 9% — - 40 ' Range for Previous STOCK EXCHANGE 1,200 *45>/i . YORK NEW Shares !111 //--- 9% 29 V4 — for 57 53 *28% the Week $ per share 57% 47% Sales Nov. 12 Nov. 11 10 17 Jan May 22% Jan Nov 73% Feb Jun Apr Apr May Apr 7% 149 12% Dec Jan Jan 16% Nov THE COMMERCIAL & FINANCIAL CHRONICLE 1946 STOCKS per S share Wednesday it . S per share per 13*'a 14 7 8 14% Nov Nov. 8 Nov. 6 $ Tuesday Monday Saturday share 13% 14% 14*4 93 93 93 33*4 34 3 B 341/a 35 20 *19% 19 19-% ;/■■■; *-i83.1 19*2 18% 2 1% 17« 1% 2*8 4*28 28 1% 2 30%' 28 28 77% 78*8 74 78 30 30 29 30 29 29 6174 62 59 % 61% 59% 61 60 15% 15*2 14% 15*4 60 3 4 60 60 *60 '28 ' 76 14% / 1,100 -100 73% Jan No par 26% Jan 7 19 1,400 Alpha Portland Cem-w— 17%" Jan 7 1,400 Amalgam Leather. Co Inc— No par -1. 16,300 2% —JSo par ,i — 6% conv preferred.,..— 28% 200 76 '2 2,000 Amerada 2 9'A 29% 1,100 Amer 61% 62 4,700 American Airhnea 15- 15 2,700 American Bank;flpte..-,., 60 61% 6074. 15 *2 60% S per 7 Allis-Chalmers'Mfg_ 1 7574 .29 60 4 , Allied Stores S per share , 8,800 *27% 1574 60 Par 200 Petroleum 6% Jan 16% 2 • 31% Oct 23 Jan 2 52 Jan 27 6% " 13 76% July 8 5 18 Jan 5 607n Nov 9% Apr 19% Nov 27% Jan 2 ■ 17'a Jan Dec 18% "• Mar 707a 43 •■ Jan Oct 24 NOV 58 Va Dec 18% Jun %25% Apr 57a Jan 974 Oct 38% Apr 49 Nov 3% Mar 67a 8 47' Jan Jan Apr Aug 1 4 8% Jan , _50 Nov 3074 11 : Sep 4% Jan 10 1 preferred. = 34 6% 81 ,. Apr 14% 7 Agricultural Chemical-No par .. 22 29 86% Jun $ per share Apr July 2% July 22 13 14 Jan 1U 04 96%> Sep 15 43% July 10' 23% Sep 21 20 X67 ; 4 18 Highest. ,v.-.v per share % Jan , par inc.— share Sep' ly! 2 Lowest 13'a Jan 50 Corp.-..No Year Highest Lowest 93 *1% 29 76% 76*4 15 60 v *27% ./• 76% Range Since January 1 ; V/Vd, .... 19 , 2*8 29 • / ' 34% 18% : Range for Previous¬ ■ STOCK Corp'—; a!-;6w;preferred 147V/ 14 93 353« • YORK EXCHANGE Shares 1 per share per share NEW 03 92% 33% ' : tlie Week 34% 92% 94% 35 5 14% 35*2 "92% Sales for Nov. 12 Nov. n 5 per share 14% Friday Thursday Nov. JO Monday, November 15, 1943 July; 9 , ■ 73v ' *71^ 3774 35 % 132 ' 37 132 8-% 87a 8234 17874 80 7 ■ 31 31 29 64 64 62 22% 30 62'a 22 23 22 111 111 *111 *20 23 *20 1/04*4 *19% ;; 31*4' 30'A 30% 64 64 64 22 2274 *111 "% 23 ' 22 *111 105 105 *20 American A: „ Car 127% Jan 1 173 No = 9% "8% *15*8 15% 14% *102 *8% 147-2 101*2 8% 8% *8% Coal Co of Am 45% Jun 8 80 *1474 15*4 \14% 101*2 . *100% 102*4 ♦100V4 70*4 76% 80 */2 85% 62,300 | 0*2 2 Va 2 7a 2,200 *8*4 8% ' 2274 2*4:' " *8% 10 23 22*4 22% 2374 3% 5 4 43b 474 4% 74 71 72*4 *8:,4 9*8 101% ' *8'o 9 22% ■ 23 Ame" Amer Encaustic '• ■: 5 74 3a 74 3 -1874 70 j 18% 147e 16 \ 63 64 ' 31*4 3134 15*4 17% " *6574 32 . " 64 32 ' 374 374" *39% 40%" 68% 1634 65 *62: 72 14% 16% 63 % ,. 6374 32 35,300 3*4 27« 4C% 39*2 683i 6774 "% - 4 *3 74 3974 x67 3*4 207a Jan 7 16 116% July 23 105 May 110 Mar Feb 4 112% May 10 69 Mar 103 Dec 1 24% May 20 11% May G 15 Jan 18 26 5 Aug 2 18% Feb 97 % Jan 27 104% Jun 8 85% Nov 4% Jun 10 15% Tiling..——1 Jan; 1% Jan .6% Jan 25 2 92 Dec 22% Jan 100 74 Dec. 16 74 May Nov" 7 7'2 Mar % Oct 774 374 May 14 Dec 12 2 14 May Nov 3 Jan " 7% Nov 8 10 5 3 7-4 22% Nov 8 29% May 18 ,1674 May Jun 1% Jan 2 su Jan 12 1870 Jan $7 2d preferred A-^—__No p«r "46% Jan 7 Jan 1% Jan 8r% Dec $6 .... 600 par 39 Jan 6 73% Jun 17 1074 Jan 42% Dec 10 30 Feb 23 36,';« Apr 1 25% Jun 35 2% Jan 4 0 22 32% Export Apr k'v 25 Va Dec • Foreign preferred—.———No par preferred——.No American Hawaiian. SS Co_ American 2,900 *3 3'A 1,400 *40 40% 4. 67 4*8 63 *4 7 47V: 47'a 63% •'■)% 63% 64 *39*4 67*2 6774 4 ; " 438 62 July 10 Oct 22 Hide 9 May 10 87% Jun 26 6 40% 100 Leather— A: 1 16 July 14 Jan 5 4% Apr 40% Jun 53% Jan 1 70 Dec 2 4974 67 - 1,300 4% 63 —50 63 American Home Products.- 3,700 67 A: 4 6474 "6fy conv preferred American Ic%%: 6%»on-cum 1,000 ' May 35 ; u___.1 ——No 2 Jan 2 37% Jan 1 par preferred——100 2 7o Mav May 5 ' 66 Jan Lines Inc——1 $7 2,700 31*4 v.- 32*4 32 3 %% 3% 4* 4 16*8 72 73% 55% May Dec Oct' ' ' 39% - 68% 47a *64 74*4 Jan Power —No pur Amer & 37,800 ' 64 31*2 707'a" 32 72 4% 474 33 6% Jan European Sees.—___No pur American 4,000 * 5 May 19% Feb . American Dec Mar 176 Jan 10 Crystal Sugar—,——10 1st preferred—-—.100 Distilling Co__ —-20 6% 60 Dec 74% 2 96 American 2% 58 22*4 • 1,300 15 64% 2% 9'.8 23 American 3% ; 20 1 24% Aor Feb 159 185% July29 6 Oct: Jan 130% Apr 9 18% Jan Altegh Co N J——25 Color type Co 1,000 9% 2% 69% 2 74 2% 22% 14*4 102 57% 70 2% 834 15 % 102 1037 b 68. 8% 9 l'/a 56% 9% May Jan - *9% 4 / Apr Apr 913 i July 15 2 33 Apr 109 par preferred—-,—..i_J00 ■American Chicle,./i;%.^r-~2%* No par 330 Aug 18 24% Jan 62% Nov & coriv 5'r 30 134 20 71% Jan -100 —..... 23 120 43% July 14 .4 % 3% Jan 25 — - Am Chain & Cable Inc 3,600 V: par Fdy—JVo par Ti /nori-cum preferrod-i-Zi- J. lOO 23 23' *20 230 113 106 ' No Can— Preferred 2,000 22% 113 106 American 8,700 , Co . Cable k Radio Corp Amer 2,500 Shoe _1 674 l]c conv preferred————-.100 „■-. 32,000 176 63 22 106 8% 83 % 82 7, a 176 30 112% 105 23 103 7 a 4 /■■'" no Bosch./Corp. Brake Am ,2,100 v.=■ 131 8*/« 82r,.» 176% 62% 63*4 2374 104 7 104*4 ■ 82*4 American 2.600 37 *129 83s 8*1. . . 712 36%' 130 176*4 a 29*a ; 111% *110 817 177 /':/:', *7 /;'' = 37% 4 37*4 130 ; 8*<t 7%' 303 8 74 36* 2 *176*4 178 7 7 130*2 a 81. 82% s 177 7 35*4 1307 874 7% 82% 178 74 6% 7 *130 % 3774 *.130*2 74 6 66 % x36% 17b 25 Sep 374 Jan 3674 Sep Oct 56 Dec 2 May 37 Apr Dec Jan Mar; ' 7s8 7% 77a 7% 7S4 7*4- r-u 734 7% 7% 5% 6 47 46 46 45 45 11% 12 10*8 11% 10*8 10 34 72% 73 68 72 68 13*/2 137a" 123 13*2 12*4 *578 578 *6 674 5% 674 200 46% 110 *44*4 46*4 10% 11% 11 69*4 70 73% / 72 73% 13 12% 13 1274 12% ' . : *44 Va' ll%i Va Amer Internat Corp..—No American Invest/Co of 111 3,100 ' 6*4 6 *46 • bV 4% Jan 5% Jan 5 •■39% Jan .1.—No 2 *8*8 8% 7% 8*8 7% 734 23% 23% 227a 23% 2274 2234 *125 3374 34 OS 127*4 *125 127% 33% 2% 125 34 125 2% 2*4 2% 42% 43 3974 42% 39*2 413a 41% 36*4 40*4 36 7 0 3 8 3 >: 38*2 8% 974 87« 8% 8 74 172 *165 172 12 3 13*4 13-% 65 ■:;■" *166 13% 4 173 12% / 6434 '64 ' *167 ,13 *13*2 14 13% 1358 1374 15*4' 15 15VB 14% *28% 29 27 28% 38r'n 39 375a 38 3 , "27 13% 14*4 74 28 X28*4 82'a Sep 12% Jan 7 15% Jun 42 3 8 12,900 20,700 8% 33,500 37% 173 !: ' /•' * 11 10% Jun 4 Jan 4 27% Apr 16 Jan 29 .125% Nov Jan Jan 4 4,080 13% 900 149%' * 145 149% 40 24 ■ ; 148 *145*4 22 % 24 22 34 ; 149 149 41 38 -•%' 150 40 *145*4 148 23*8 24 23 74 149% 149 3 s - V 4074 ■ *145% 148 23% 24 » American Snuff- 'v '• 7e.-t" a' 15". 15 *15% 16*4 155b *27 26*2 1434> /• 15% 28 27% 109 109 309 28 *26% 26 * t \ 109 . 27 147n 15*4 14% : 157b *263 ' 107 107 2674' •> 14% 14% 14*4 26*4 d" j 107'2 *25% 26*4 151% 15374 14% 1,500 15% 27*2 16 1,400 27 : 27 1,200 *109 *26*4 27*4 *26 153 74 1537n 110 •.:=:■■■: 58 34 59'a 57 7 « 143 143% 1427 e a 40% 11834 *11/% 63h 6874 154 57*8 / 118% 474 : . - 27 100 5*8 - 66% 4 4*8 48 Mo 4% V *45 24% 24% *27 28 27 27 74 27 27% *2774, *20*4 21 *20 2074 19 3 116 115 115 *115 *9*4 10'A 2*4 2% 2% 2*8 *45*4 46% 467« 467 47b 4% 4% 4*8 70% 67*2 71 82 74 78 ' -; 34% 36 *78 36% V' 36*4- ■ 9 7 9*4 9 107 110 13 13 9274 11*4 • - *39'4 41 54% *84 - 36 d '•■'-■d *35*4 36 2,100 30 r .-■30 v •' : .■ 12% 107 xl2~ 4 5a x90 2 - *90 *83 85*2 81 39*4 *38% 39*4 108 dd *107 90' - " 110 400 ■•%' 8,300 107 39 107. 50*4 53 52-% 53% 51% 83 8374 84 25 7 4 26'a 26 26*a 31 32 *61 63 10% 53 61 7 *54*4 60 8 7*2 24:% 25 2538 108 10% 10 10% 55'a 55 55 59 60 *108 119 14% 14 14 6*8 . 115*2 14*4 14% 7*4 63 115*2 119 14% 33% 61 10*8 10% 55 7*8 70 *62 72 6 % 374 "66 3% 3% 3% 15% 15% 14% 5% 4*8 9 8*8 9 9% Aug 29 7 Va Jan . 148% 36'a Apr 9% 157o Oct 43 144 . Jan Oct Mar 21% 12" Jan 1. Jan Nov Nov Feb 12 Oct. Jun 15 Mar 2 l'A Jan 5 115 Aug 78% Mar 97 7a Jan 23 Aug Jan 129% 6% 32 115% 177a July • 32% Aug 17'A 15874 July 101'A Jan 33% Apr 65-% July 146% July Jan 2 Jan 14 Jan 6 Jan 8 134% Apr / 63% July 2 6% 70 3% 108 10% *54% 59 * 4 *108 25 3 s 108 10774 10% 58 119 *13% *108 */2 14*2 6% 7*4 X68 *12% 7 69 3% 34% Jan 50 3 i Jan Apr 3% 22 4938 Sep 143% Jan Apr ■ 7 %- Nov 33'% Dec 116'% Jan; Apr 108'A May 121*4 Aug Jan 49% Apr 120 12% Juiy 15% 15 7« 3 5% 2 G Atlas 460 119 .: Atlas 20 14% 400 3,100 ' 210 6% 5% prc-f series $5 24 Dec 30 Jan 12% Mar 17 Jan 23% July 15 Mar 18 116 14 7-a Apr 37 b Feb 107 27 11 20 6% Sep Jan 2 Sep 18 Jan 20 2. 83% Sep 28 -2 -9 7 Feb 27 Jan 4 Jan 11 Jan 75 42 Jan 40% Jun 5 Jan 10% Jun 26 Jan 10' 4 5 Jan Oct 21 Jan 2*% Oct 4 79 15% Jun 28 4 110 Jun 83 Jan Jan 28% Dec 81% Jan 1007% Dec 277a Jan, 53 60 7 a Jun 727% 19% Jun 347a ■Oct 9 Jan 8 36 74 Oct 26 16'% 44 Jan 4 7 Oct 20 33 28% May 27 6% Jan 50% Jan 52 No par —No par j—No par : 3% 55,200 Aviation-Corp of 16% 20,600 Baldwin Loco'Works v Del (The} . 3 — May 26 77'% ?. •. 34 Jun Jan Oct Oct Jan Mar 451% Jan Apr 237% Jan 13 13% May 29 57 Sep 28 99% July 6'A Sep 109*4 Pel) Apr V51 68% July 14 43 May / 70 May Apr 116 68 113''4 Sep 4 14 9 113 Jan 12 • 7% Jan 7 2% Jan 21 28% Jan 5 3% Nov 9 par preferred----——.'^M00 — 107 Mar 16 106 Jan 61'% Mar 19 50 Oct July 0% 20 24%.Nov —5 82 Apr 53 38 — 4% 20 2 18% Jan Dec 874 Nov 39% Oct 7 —35 33% /. Apr 94% July 22 Jan • Jan Jan 97 72 July 21 44% Jan —_1 4 7b 66 7 7 Sep 27 67% July 24 907s July 22 66 Dec 677% Feb May 74 4 100 , 5% Mar 2% Oct 1% July 36 Apr Sep Sep 40Va '■/, Jan -'/:/ 12% Mar 27% Jan 112'% Mar May 1 47%'Sep 23 Jan 57 b 50 7% May 7 5 5 Powder—_-———No prior A- 7 Jan — Atlas Tack Corp Austin Nichols— T. 29% Apr Jan A100 preferred. cony Jan 4 29 — Corp— . 28% 100 —300 Lines— Refining conv 8 par % W I SS Atlantic 31% Apr —100 Coast,Line RE——100 & 763» Jan 9 59 ;5%= hon-cum-preferred-.i~:--_100 4% 200 -No Dec Jun 30. 6% 4% 92 G'A 72% 100 51% Apr 49 . Feiy 5% Jan 3*2 3 preferred————.—100 ■ preferred •5%" preferred— 160 11,500 1 7074 22% May 46- par Nov ■;v 4 , Dec 38% 13 Jan Apr Aug 7 7'A Apr 1% Jan 34 . 3*2 July 21 10% Jan par 39 543-i Mar 30 2 16% Jan 5 111'is Jan 20 —100 preferred— Atl 10% —No 79 J/a 11 Jan 1% 4 12 8% July 16 ; 5. Jan 4 —5 Corp—; 88% Nov 7 42% Jan —5 :. Atch Topeka k Santa Fe 500 108 -No Corp;-—-.: Atlantic 5,200 Midi'd— preferred——— Dry.Goods—- 4,200 : 67 *A v Mav 9 5 53% Jan 3% Jan 55% Jan —5 Assoc Investment Co~—- 900 25 5 8 7% 67 37a 7% 7,400 59 *54 59% 22,100 !% 54% 10'A 55 3% Jan par 100 -25 Associated 10 84% 26 600 ■ 53% 83 63 No preferred Constable Artloom 1st 24% 30*4 Arnold 2d *8134 *107% 35 Va 35% May 1327A May Dec 33 2 Jan 43% Jan prior preferred—..No par Tr preferred V—d —100 Armstrong Cork Co—±._—No par 7','t 543a 107 Jun 14'% May 24 Oct 9'% Nov- Jun 16% May 45 21% Jan 14 127% Jan 2 42% Jan 2 conv 6% 26*a 107 136% 29'J.a May 91 :_14 Co Of -Illinois.^ k Armour 270 83 3 4 32 Danieis 260 50 24 3t 59'% Feb 17% Jan 14 —100 Paper Co Inc— 85% 25 61% W P Ad-$6 20 1.2% 83*4 26 3 8 -' Apr 151% Aug 12 par Cable_Ll:i>-No par": Anchor Hock Glass Corp ——12.50 $5 div preferred——_No par Andes Copper Mining ——20 Archer 2,900 86 31 2 141*2 Oct 11 19% Jan 6 11% Mar 9 No par —No par preferred—— 92 *4 *3874 108 9*4 27 *61 35% Jan Amer Zinc Lead & Smelt———-1 A 29,600 .9 12% 1st 800 .1,200 *103 12*4 Wgter.Wks &. Elec 156 800 2% 54% 108 'i,v 36 9'A x9 85 64*2 161 24 ■/■;/%• 30 93 33*4 1 Wire 75 85 25 34 477a Apr Anaconda ' "d2,100 39*4 60% 32% Mar 7 24Is Nov 69 92 30*4 5 5 Jan Jan 6'A Nov Apr Jan 1,280 46 35 '4 / *104 2434 6% 22 4% Mar- 18 Copper Mining-.—.;.——50 *72 77 107 64 % *68 : 934 33*4 *115*2 *73 9% 33*4 *61 '/74*4'■•:•: 9 3'a *107 69 % July 16 ',4 Apr 25,900 136 474 41 107*4 2 6 377% Jan 144'% Feb 10 American "Woolen— /' Preferred So prior conv 68 86 *107 107*2 Jan Anaconda 19% *45 69 6,500 28 2 Yb 434- 474 69 2,300 1974 , 9 *62% *107 46 Am 100 4,500 474 •*974 9 11-% Type Foundries Inc Viscose Corp.;.-: 5% preferred: 527a 12% Jan —.—25 B Oct 16% Jul J7 27.. preferred'd—d_dd__ 100 6% 48 *115 107 • 2 8% Jan 100 ———,—25 Amer 28,500 27'A 974 26% 26 -4% 6 24% 2*4 *45 69 28 9 12% class 173 3 54 100 American 5% 25 927a *3974 430 88% 4 86 {i7 *107 *93a Jan .—100 . Tobacco Common 7,400 68 *45 90*a 92*4 *85 4 -36 107 *107 ■■' 8 67 3 Jan 12 Teiep & Teleg Co 4,900 ' 9 a ■ *72 ■ 9*4 9% 9% *9 4 * ■'■■■■■■■■ 46*8 438 10 *2*8 ''8 67 116 *9% 2*8 46 5 20% *115 10 2% 574" 88% 2574 19% 116 *93+ : 8 70% 20 4 6 5% 48 7 24 'a 10% 165 Sumatra Tobacco—No pur Am Amer American 118% *67*8 '68 25*4 *9% *11874 /■ %' 8*8 42% 89 5% 24*4 *115 7% 41% 5% *87 , 5*4 25% 25*8 141*2 8*4 43 No Refining Preferred .J 4,600 141 . 57% 119 *118 5% 89 66 49 *45 4 1,500 -57 .57% 141*2 8 * 41% v 11,800 56 Co—— ' 800 3.54% . 56 Jun 9'% May 154 •26*A : /'>' ' 5*4 *86% 6*A 4*4 4 ■: 49 141 41% 119 674 57 57 74 8*4.4/: *118 69 *56 142 8 4074 89 :! 66*4 .. 141*4 42 5 34 6% 69 . 5*%. *85 89 - 47-a *45 ' •:'Z 6% 6% *E7*,2 X57 874 42*4 *lI7*/2 5674 143% 8 8% 8*2 42 x56 59*4 58 59 • 155*8 153*2 58%' 58 7 142*% Fob % 10 % Jan ———25 American Sugar * 155%" 155 Apr J3referred%„%%-100 Stove American • 109 Apr Apr 3% Steel Foundries——No par American Stores—— —No par ' 14% . 157b 12'% Amer " 15*4 "*15 Jan 48% Oct conv non-cum. Jan ii 11% Jun - 7,700 Feb 26 3 « '% Mar 45% Oct preferred -—100 Safety Razor 18.50 Seating Co——No pur Amer Ship Building' Co—-d—JVo par Amer Smelting & Refg..__—No par Preferred, 10C 580 119 Feb 21% May Oct 4% May 2 American 1,000 Nov 23% Mar 4 2 American 6,300 113 Va Dec 7% May Apr Jan 6% Jan 25 — ..36 2 12"% '/:: 16% Jan par pat' = San'y__—No par % J 100 500 28 37% 41 •%: 40. *143*2 148 7'2 h 24 149 40 40 40 40 149% 14974 4%% No -No par 700 14% 14% " 149 3 4 & Stand Preferred 63*4 par Light-———No American Rolling Mill 13,500 28 d Rad 20% 1*6% x26 /!» 18% pur Co„—-—. No preferredpreferred-——— S5 Am A— . 12% 62 13% 38'b $6 / . d——-100 News Power & Amer ' par ..—No Jan Apr v- 8 Jan Nov /10% 9 Va 17% May 2 Nov 7 40 *A Jun Nov 68 v No pur No ... Ltd 6% '.preferred American 16,500 3974 xl2 74 . 28*4 38 37% 4 . 274 *167 13*4 63% 13% 147h 210 41 173 14 13 5 » *15*8 30 34 8% 13 ! 64 "4 126 38 . 9 63 74 •' '6374 Metals Co 34 39% 9*8 64% Mach Amer 2% 42% 40 3 a *168 Amer 27V 4074 9 2,000 2,800 *125 d 34 2% <. Fd.V. Co„ k Metals. 874 5% V," 67a 7% Feb -100 2374 Oct 35'% Mar. Oct 7% Jan par preferred Mach k *7% 125 125 7% Amer *22% 24 % *3274 *32% .■.34 2*4 8% 8 2374 3,100 2,300 . Apr 43 a 7 >a Feb 47 ' h 2% 9% May 2 1 50 per : Locomotive American 23,400 preferred conv Jan 14% 46% 123 Jun 24 111 15 Nov 1 7 9% Aug 4 l'A 4 15'% Apr ,8 23A Jun 19% May 27 Apr 7 ,10 9% Jun 2% Jun 7 85 Va Aug 6% Apr Jan : s: Dec • 97% 374 Apr 31 . :7 Jan Jan Jan Dec Dec 4 Va Jan 14% . Jan i = 5% 9 >9% 3 0*8 45% 157e 15% 16% 5% 4*4 4% 5 5% 5 5*2 9 8*8 8% 8% 9 8*/2 9 9,000 8% 9*8 9 9*4 9 9% 1,900 57 58 21% 22 11'A 11% 16% 58 227 11 11 % *44'2 15% 21% 23'B 23 *11'2 15% 57 59 *58 15% 11% 55 15*8 45% 15% 16% 15*2 15% *24*2 25*a 31 32 *A *106*2 108*4 *10672 10 32% 115 *10% 11*4 15% 25% *30 22% 11 15% 267a *111 21% 11 15 32% 10 22 11 *441'2 11 31 107*2 105% 10 9 ♦297 a 31 % 112 109 10% 8% *29'A . 10% 13% 13*4 10*2 34% 35% 33 34% see page 1955. For footnotes 13*4 *105 *10% *44% 16 " * 45*2 15% 26 *30% 31% *106% 107% Xl534 16 *24'd> 31 105% 9 32 112 15% ; *29'A *105 9% 32 6,400 900 . 40 16% 11,100 16% : 6,600 ' . . ■ " 26 100 317K 1 / . At' *24% 31% 500 106% • — ■ 9 330 45 45 16% 26 .53.800 Baltimore c——i-13 Jam * .-—100 v\ & .Ohio— 2 3% Jan,..2 106% 40 9% 5,300 9 — a.. *29 112 Vs *10o 10% *10% 11% 11% 11% 12% — 33 33% 33% 34% — 10% lo'fe - 12 -. ■ '33% 32 105*2 200 10 % 300 12*4- 34% . 6.000 6,800 ,4% preferred _100 k Aroostook———5Q Conv 57V preferred100 Barber Asphalt Corp.. —10 Barker Brothers—2 SYsfy preferred-— Earnsdall Oil Col No ——— d - .'2.50'. ' —5 Jan Jan" Jan Feb 12% Jan 13% Jan 2374 24% - 105% 1074 25% 93 974 10'/'a . 9 33 2 7 Jan 7 Jan 16 Aug 12 Sep 15 Jan 25 Jan 25 Jun. - Apr . 25 .22 Jan . 60 28',4 July 14 15:,b Sep 21 Sep 20 47 1974 July 19 20-% Mar 22 May 27 x29 33',2 July 19 9 xllO. Sep 14%, Sep 24 337a July 13 Aug 28 114 l Jan • 4 Nov 8 ll"a July 20% Mar 16 Nov 39% Apr 8 4 7a . 4'% 4 Sep , . ' 2 2 6 574 Jan 13 30 Jan' 4 par Bath Iron Works Corp_„ -2—1 Bayuk Cigars Inc——222—No par Creamery-— .——25: ,, S4.'25 ;preferred22—_2—No ^par ■ Eeeeh 'Aircraft' Corp—2_i——1 ■ Beech1 Creek RR'—2-—2-2-——-—50 Beech-Nut Packing'Co———-20 Beldihg-Hemingway—22—No par' Bell Aircraft Corpi-—L—..,—2—1 Bendix Aviation-'-^— ——5 Beatrice 6 574 3474 12, - Bangor ; 14% Apr '6 12% Apr 29 - 56% 45 % *44% 32% *26 56% 21 0 56*2 15'/a t " 6 6 7b Mar Jan 77% Jan 67b 36 Jan Dec 13% Dec Apr 6% Nov 24% Aug 8% Jan ; 33'% 12 7 ; 4*% s 15'% 20 Jan Nov 26 Oct 30 Jun . Dec 18 *8 x23'A Apr Apr 6% May Dec 12% Apr 23 Va 64 Jun 1 9% May 23'A May, ' Feb 110% Jan 9*8 Dec 17% Nov 39 7% Jan rh.'-ri itvitiTWwfffliiBtf n mm uhii' rtii^rtii iteriiiiiittMii^iiii^ti^iMiiAii Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 1947 STOCKS $ per share s Nov 8 Nov Wednesday Tuesday Monday Saturday ;/■/■' Nov. 6 share $ per share 167b $ per per share Thursday 10% Sales for Friday Nov* J 2 Nov. 11 Nov. lb 9 S per share X 16% NEW YORK the Week per share Range for Previous STOCK Range Since January 1 Lowest Highest EXCHANGE Shares • Par $ per share ■ • *1674 16% *57 16 ... / 58 34% *57 34% 58 33% ■ 15% 57 57% 54% 1187a 117% 15 *57 >•< v, 17 ~ 4 774 . *17 7% . *1474 17 1574 ; >93 1374 1474 157 b 5,800' Best 147b 55% 56 % 55 74 5674 116 74 116% 11674 11674 116% 3574 3474 35 % 16% 16% 16% 77b 7% 16% 44 4474 55% 86% 8674 4574 31% 2974 31 2874 287b 26 2874 29 34% *374 33 374 34% Z 3 3 34 1174 1274 1274 1274 *40 42 343 4 40'a 43% 437b 43 87% 8774 *86 45 45 4574 45 74 :?;• 31 29% 267 b 33 74 32% 33 2% 3 34 a 3174 2774 xll% 12 ■4 40 7 b 407b 8,300 437;, 45 45 407a 8% 2474 42% *4074; 423 4 4074 4074 41 41 *4074 41 42% 4174 4274 4! 41 4174 4174 >:41% 417 b % 7b 8% 4 I 874 % *!? 40'» 7% 14% 1474 39 16 77b 7 74 110'/a 110% 115% 5% 4% 574 98 >4 987-2 94 48 > 2 46 7 17 17 92 74 93 47 4774 7 17 7.74 16% 1674 17% 17% 16 1774 16 74 17 31 "4 3174 30 31 30% /' 2VM 27% 109 >2 12 2574 12 , "43% 44% 4074 43 8% J ^ 3 *25 20 247 a 80 Budd 200 . 7% Buffalo 117a 1174 Burlington Mills Corp— 5'4 preferred. Burroughs Adding Mach_ •1274 37b 4 •; 41 X40 8% 8% V 6% preferred 3 3 74 1174 1174 66 1774 18 24 74 1174 277b 33b 117b 18% 68 187 b ; :/ 2474 2474 53% 5,200 ' 150 1,700 % If 74 74 67a 674 is. .74 2474 612 % iti 1,100 3,300 67a 674 6Jo 14% 21; 1474 14 1474 1474 1474 147a 14% 1.200 22% 21 2174 227a 23% 22% 22% 5,790 *33% 34 3574 80 7% 23,200 *32 34 i-:4 33 >•' 34 *33 774 8% 874 *40 42% 774 774 42 4174 4174 7 6% 674 ' 674 7% 774 45 6% *33 774 41 41 6% 35»4 7% 45 V< 4574 45 *4374 4474 *4374 95 *94% 95 9474 95 *95 28% *27% 28% 28 28% 4 "4 474 *474 474 474 28 474 67b. 95 28 >4% 474 124 120 123 118 74 120 120% 12074 * 143 143% 143 143 143 143 143 143 45 45% 4474 .45 44 4474 31% 323 4 30% 297b 31 '• 12174 *143 45 4474 3174 32% 10574 j .2874 •' 123 45% 3.900 32%- 9,000 3174 11874 1174 10% 11% 10% 11% 117 b 11% 10% 11% 6.900 18 18% 17% 18% 18 18 18 187b 137 b 187b 1,040 tV 7b 157,800 18% 5,100 27b 2,400 11074 70 2% 27a 11074 *11074 10 *18% *674 ■ 774 *115 i. 18% .!■ 57 b 4% 6474 5774 *17% *116 118 ,i. 1 18% ! % 18% 27 b 110% 9 1774 18 . *112 3574 107% . 18 77b 1774 *19 74 22 24 43% 44 674 5% 11% 11%: 1074 11% 10 % 3% 3% 374 374 374 *24 107 1574 24% 4474 44 %r 6 7b '574 25 : . 1174 10% 3% 374 15% 1674 ' *37 7a 39 377a 37% 37 74 37% 36% 3674 36% 37 *51 53 51 51 17a 1 % 17u 1V2 . 28% 103% *50 *26 77% 14% 28% 75- 77 1474 1474 1474 10374 10374 104 51 *25 6% 67a 3374 80 *74 *74 *38 7a *107 105 10374 50 48 6% 674 34 141 *135 145 *70 11274 38% 3774 80 *72 112% 11274 38 38 107 *106% 10774 107 9274 *91 9274 *9174 *52 *91% 174 *25 74%', *1474 50 674 34 : *10374 48 34 • . . 104 141 146 3874 39 98 *92 1474 674 112 10774 *107 147a 2874' 34 82 112 11274 *112 76 14 74 *104 34% *140 75% 1474 6% 3474 146 1% 75 *48 *6% *34% *140 174 *25 7474 50 48 174 '51 28% 6% 3374 *135 80 *72 11274 38 *11274 *3774 107 106 9274 *9174 54 *52 500 53 '. V 37 1% 76 i 52 3,300 700 6 145 : 38 1,100 30 92% 5274 *52 .54 34 35 1 35% 35% 3474 35% 357a 35% 35% 3574 35 35% *6674 67 23 74 2374 *10574 107 2474 2474 *111 112% 15 1574 150 *145 150 *145 148 113 *110 11274 *110% 11374 6674 *6574 6574 6674 65 7a 21% 23 217a 2274 22% *10574 107 10574 105% *10574 237 24 a 111 . 111 23 *111 13% 14% 2374 113 *1474 14% . 67 2274 107 24 24 *111 113 1474 1474 54 148 148 112 11374 *65 7b 2274 *106 2374 *111 14% "26 2,000 10 300 67 250 23 5.306 107 150 24 1.400 113 14% C. C, C. 10 800 & St, preferred • Class Jan 22% 50 74 Apr 5374 Nov 74 Jun 7 1 574 Jun 174 Jaa 7% Nov 7 11% Jan 1674' Nov 97b Apr 1574 Deo Mar 31 27% Dec 33 37b Jan 38 117b Alay > 7 4774 July 974 Apr 21 6 Aug 77a Nov 29% Alay 17« Feb 4674 July 22 32 / 97% Aug 31 77 37% Feb 474 Nov Apr Apr 337a Deo 89 30 Apr Collins & Aikman— 574 conv preferred.! Colo Fuel & Iron Corp 9% -1174 11 1174 1074 11% 3,250 1174 12% 1274 1274 12% 12% 2,190 474 non-eum 1374 1174 11% 12 12 610 4',4 non-cum 24 22% 24 2274 23% 24 2474 24 24 23 23% 23 7 a 2374 2374 247-4 24 2474 4.600 1,600 gtd Class B_. 874 Jan 17% Oct jlt Nov 108 July 22 1287b Sep 14 120 Sep 22 1474 Apr 5 4 1 2 21 7 2 74 Jaa 2874 Nov Alay 37a Nov x33 3 100 50 50 No par Yo par No par No par —100 —No par 1st preferred—100 2nd preferred—100 Sys Inc ci A——2.50 2.50 7 37b Alar 12 111 Aug 27 ' 1374 Jun 23% Jun 7 8% Nov 7 5 1 41 727a Oct 29 1974 Apr 6 24 8 17.74 18 99% 874 3374 2% Jan 12; Jan 3. Jan 8 Jail 13 Jan 2 Jan 2 77b Jan 7 July 108 > May 17 34 July 22 July 23 9% Afay 11 177 b Alay 13 774 Alay 12 50 Q 4 4 21% Jun 2 157 a Oct 29 6 Jan 15*4 Jan 6 367b Nov 10 Apr 67a 9774 Deo Aug 3% 41 54 Apr 174 May 1% 11 274 Mar Deo - 174 1574 32% Deo Sep 19 Jun 13% Oct Apr 100% Nov 574 Apr 2774 Apr 7b Apr 2% Jun 974 Oct 3674 Jan 274 Jun 874 Jun 47b Jan 1374. Sep 774 Nov Aug 177-4 3974 Jaa 274 Apr July 87a 1 1 20 May 274 Feb 25 4374 Jan 9 92 May July 15 874 Jun 25 32 Oct 53 28 99 34 11 120 Deo 74% Jun 7 11674 Aug 10 40 108 Nov 3 Sep 22 67% Apr 10774 Jun 22 Jun 3974 Nov 125 Deo 73 Mar 11274 Nov 3174 Alay 9574 May .sAug Apr 3 Jun Nov Deo 1074 Aug 274 Alar 7 3974 July Jan 70 74 Jan Sep 27 Jan Nov 1374 Feb Dec s Jan 11% Jan 4 Jan 52 117b Jun 327-4 Apr 1574 Aug 18 Deo 8% Nov 17b 47 857 b July 15 Jan 147a 33 10 Oct Nov 93 l Jun Deo 37-4 2374 Jan ■7 374 Alay 141 Jan 374 Nov Apr May 18 106 Jan 374 Oct 13 Apr May 27 1574 Apr 30 24% Jan 30 677b Jan 7 1074 Jan 2 274 Nov Jun 12 13% Jan 17b Aug 26 2374 Jan 110 Jan 3 1174 Jan 12 4 19 90 Apr 22 6 2 77 35 8 1574 Jan Deo Jan Jan 8 4 2 2 6 Deo 9774 1207b 27 Apr 77b Jun 374 Jan 3 Jan 1574 Jan 29 74 Apr Apr 104 2 96% Jan 4 27 Feb 10 274 Jan 13 32% Oct 13 123 Alar 17 67 Feb 2 109% Jail 4 28% Jan 22 10174 Jan 7 84 Jan 23 50 Feb 6 34 Nov 9 3374 Jan 12 142 Afay 13 88 Jan 4 62 74 Jan 11 1674 Jan 11 10374 Jan, 12 1774 Jan 4 108 Jan 7 1374 Nov 3 2% Jan 2 Apr 110 July 14 487b Jan Deo Deo .82 82 Jan Jan 27b Jan 107b Jan Deo 4274 Sep 21 115 327b Jan / 15 73 130 July 16 237b Jun Alar 19 Jan 5474 Apr 74 Oct 21 8 98 28 407a Jun 25 26% Jan 7 9574 Jan 26 119 Jan '967b Feb Jan 12 Jan 2 Jan 4 Jan- 12Jan 2 {Colorado & Southern————100 Columbia Brd 54 74 407a Jan 21 167b 1% 9774 3 13 3 Colgate-Palmolive-Peet———No par $4.25 preferred—— -—Yd par 1474 24 3174 Alay 29 57b Apr 6 22 74 July July 19 No par A 12% Deo 1674 Alar 27 Jan -100 (The) 974 12 7% Preferred Coca-Cola Co 12% 1955. Deo 117 .1 Special gtd 474 stock Molybdenum Cluett Peabody & Co 10 34 For footnotes see page Jan 17, July 13 —Yo par 100 —100 1 5 No par Climax 14 24 Nov 95 Oct 25 5 Pitts RR Co & 12% *2374 107a Jan 144 100 No par Clev Graph Bronze Co (.The) 1 5% preferred 100 1474 *11 Feb Dec s 132 $4.50 pfd 1274 . Q74 2174 July 3% Jan 674 Alar 1 —10 Oil Louis Ry. Co 147a *13% Apr 10 May 20 Oct Feb NOV 2474 Oct Feb 2% 44 Sep 77% Jan —.No par Clev El Ilium Clev 4,100 Cotton Copper Co_ 5% 190 106 36 *145 3 74 Jan 4% 19% 12774 Jan 21 —25 A— City Investing Co City Stores Clark Equipment 10 80 113% 3774 *>10% 560 % 3374 3574 . 18 3 _Yo par 40 RR Co Corp City Ice & Fuel.. 6 74 74 preferred 50 3474 150 16 8 _10Q Chrysler 2,200 104 5274 11374 Jan Sep 3% Jan 41 preferred—— {Childs Co Chile 20,600 53% *145 50 3,200 147 b 36 *112 - 28% 3774 *52 7a *35% 27s 69 7 a ~9% 674 Jan 2 5 74 Jan Chickasha 1,600 • Deo 24% July 14 7 600 3,200 1674 *14'4 Nov 2074 40 9 % Apr 19% Apr 25 Jan 700 14% 15% *12% 2974 147a Alay 3 174 Mar 2 Jan 15 1474 16 15 4% Jan 12%' 1474 1574 12 9 40 *14% 4,900 14% 1574 15 7 4 ; 56 9 Nov x85 *12 16% 147 a 157a 12 67a Nov Oct 19 74 Alay .' 3074 July 13 2 100 1574 1G 13% 1674 12% 2274 Jan 7 52% Jun 24 14 > 16% 14% 15% 53 Oct 1574 Mar 25 257 9 7b Jan 1674 Alay 5% Apr 7 18% July' 2 83 % Apr 6 10 Jan A—1 Deo 774 Sep 11% Sep Oct 49 Nov Chicago Great West RR Co :—50 574 preferred.. 1—50 Chicago Mail Order Co —5 Chicago Pneumat Tool——Yd par S3 conv preferred Yo par Pr pf ' 82.50.)/ cum div Yo par Chicago Yellow Cab No par 13% 1574 674 prior Class 7,800 15 12 8574 574 May 107a July 15 29% Nov 1 97b Jan 14 Jaa 11233 Jan 3% Deo Apr 26 157a Jun 75 No par Products— Chic & East 111 8,900 % 1674 15 109 74 Oct : Jan 16 No par - Chesapeake <S5 Ohio Ry 9,400 1574 13 7 67b May 66 * 17% 1574 3% 4774 Jun 1 3174 Jun _ 217b Jan ■ 16% * 4 ' Jan 1474 Oct 74 Mar 2% 19% Sep 13 29% Apr 5 3574 July 19 20 Champion Pap & Fib Co.—Yd par 674 preferred —: 100 Checker Cab Affg : 5 11,80Q 1174 374 *12% x 103 35 Dec 54% Aug 17 1074 Apr Nov 41 6 11674 May 10 1474 Jan Chain Belt Co————Yd par 1,700 45": 3% *15% 2 Nov 1 — Preferred 150 674 *51 Jan July 10 1074 May 6 11874 July 27 97b May 10 674 Jan 300 % 17 53 18% Jun 7674 Jan 400 : *14% *51 7 45 __100 Sugar Co Century Ribbon Mills—1 500 . 18 20 74 2474 11 67b Jan i-100 Central Violeta 2,300 10774i 5% -i 11 .374 20 7 4 3 Caterpillar Tractor ; NO par Celanese Corp of Amer__ No par 574 series prior preferred 100 7% prior preferred 100 774 2d preferred 100 Celotex Corp __Yo par 574 preferred ——,—20 Rights Central Aguirre Assoc Yd par Central Foundry Co 1" Central 111 Lt 47474 preferred—100* 80 4474 5% ' 157 a 4 59% *17% 19% 45 4274 July 23 4 104% Jail 12 .100 {Cent RR of New Jersey 112 58 10774 24% 2 8 Jan 1 Cerro de Pasco Copper 1974 574 :-: 77 , —100 Certain-teed *10674 22 ! 9% Jan 2974 Jan. ___5 Co 5,300 20% 4374 (J I) 4,500 10774 6% 1% 7 Apr 2374 July 97a Apr * 13% Jan 13 2974 Jaa 23 :__25 •/... 67a Feb" 9 No par % 367.4 Jan 21 Preferred 5 107 74 27 Case 36 *1874 4574 "26 5 174 Jan 10% Nov —1 ;_ 47b 19% Jan % Jan Apr No par —50 Ry Co 35 74 10774 6% Steel 1,900 7 112 19% 45% *2474 43 1 —10 5,500 18 /*674 - 61 *1774 3574 Nov 1% Mar 974 Jan 274 Jan class Ohio 5% 60 Jan Apr 30 A Apr 100 Administration S3 preferred A Clinch & Nov 26 44 July 14 447b May 21 13 Copper—_5 No par —5 Ry Co i ..100 357b 5 60 974 1774 115 35% 474 9 18 674 Z 674 115 9% 2134 NOV 2 ' ' 974 ' 20% 107% 270 • 9 *17% 27b *110 1077a 18 *19% r 18% 23a 11074 ;. 5874 17% .1774 18% 274 11074 47b •j: 7b %\T O 35 64 % 64 11674 115 4 574 36 115% 674 > . 367b 367b 5% 117 1774 118 36% > 100 8 674 67b *115 118 123 *110 9% 18 19% 30 *122 274 110% 8 .10 105 123 187 b 27a . 105 122% 117 18% 187b 19% 2% 11074 10574 123 74 aV 2074 Sep. Jun ■>•'•'% Oct 27. Cons Southern Capital 70 12374 : Hecla Carolina 1,100 143% *104% A N;:% 7 77b 1574 Jan •}jf Mar Yo par Carpenter 1174 '32 16 Oct Jan. 13 2% Jan Carriers & General Corp. 118% - 7 No par 400 105% . 12 5 Jan Deo 3 7 4 3174 Nov " 12374 . Nov 127b Apr; 307a Jun 1——5 400 4% *10474 ■'vi 45 " 8 574 Jail Canadian Pacific Ry Cannon Mills 80 *122 119 & Canada 310 10574 11874 Calumet. 2.500 123 . 2874 Jun Deo ' X4474 *10434 , 6% 9574 123 ; 7 Jaa 17% Jan 1 4 1057b Apr ; 40% 2234 Jan 174 Jan Deo 9574 Feb 'May 147a Nov 20% Jan Campbell W & C Fdy ""Canada Dry Ginger Ale. 200 45% ' *27 % 4% 6.400 42 , *'43 74 *121 32% >; *41 95% *27% --674'.: 77b 45 95 xl5 Jan __10 —— 43 ' 674 ' 8 —30 Zinc-Lead Deo 31% Mar 37% Jan Bldg 7% preferred—100 Packing—.— preferred 5% Callahan 19% 25 33 —100 California 30 ■% • July 14 6% Apr 3 —100 Participating preferred Byron Jackson Co ■ Jan 75 Apr 13% May 187b Mar 39 2074 Jan : .12 . 30% 1 3 7 74 July 23 24% Jan conv Oct 9 1 ; July 15 IS Yo- par preferred Butte Copper & Zinc Byers Co (A M)_— 1,600 53% . 5 ',4 51 8% Nov 1 Butler Bros 900 18% 54 54 Bush Term 8,700 ' . 117b 68 .67 -2474' 54 874 2774 *3 74 •-. 500: 30 16 Termiual > 874 28 28 68 *53 Bush 30 41 3374 Sep 20 2 Yo par 3,700 . 2 No par — 10,000 . 374':' May 8 par —__ 72 20-% Jan —100 Bul'ova' Watch 200 May Jan 20 par — 25 1174 Nov Yo par ; Apr July 2% Jan —100 1,000 9 26% Jan. 13 No par Forge C.0__ 8 28% Jan 5 Yo Jan 137b May • No par Wheel— 147a 58 22% Jan Yo par i—5 : Jan 21 17 ' Yo. par Transit—-___Yd par — Nov Jan 7% 11% Jun '100 38% Jan l _5 2,700* 157a 19 85 Deo Sep 567a May 6 96 7 4 July 29 13 Jaa 19% 5 17 Jun 121 Apr 147*. Apr 6 Dec 19% Jan July 1874 Sen 3% 497a May 105 July 24 2174 Mar 30 3 41% Jan •19 9 15 Corp 3074 109 22% iV Jan 12% Nov Maine & 2674 x26 *106% *22% 3la J 69% Apr 6 12174 July 20 337b May 5 9% Jan- 26 76 3' 5 $5 preferred Budd 700 . *15 *104 % .Yd par .—100 — (E G) Mfg. preferred— ' > 1974 July 14 Inc Bullard Co 41 24% 53 7% 5 4 60 1674 20'4 7B *40 13% Jan Yo par Yd par 3,700 *58 3 74 *6574 25 53 53 % ' 11% Jun Eucyrus-Erie Co 7 7o preferred 35.100 17% 58 28 10% 1274 ,68 18 8 2 7,800- . 17. 56 8 77a 68 ■ 0% 6l,b Jan .Yo par 290 39% 3874 3% 107i 70 ■ par. Brass & (The). {Bklyn-AIanh , 7,500 56 *51 28 20% 74 19% Mar No 7% 17 2674 3% 8:14 *19% *52 4 Brooklyn Union Gas 4774 30/'/ 109 11% 28% 3 12 3 a 12% 26% 37'a 774 3% 0 9% Jan Bruns-Balke-Collender— 9774 16% *10774 ii.% 28% 29 *3% 26 74 107 3% 54 "a 16 ' 54 8 8 Brown Shoe Co— 5 . *17 17 *30 1174 374 GO *28% 8 4 277b Jan 1,500 . 116% 774 31 167-4 3074 2574 107 12 374 *56 : ! 10974 11% 3% 3i» 27 %07 54% Nov Roller ' >108% Dec 3,400 47 , •774 17— 4,100 7% 474 97 46 6% 1,900 *95 92 74 45 , 774 17 8% —_ Briggs & Stratton— Bristol-Myers Co {Brooklyn & Queens Tr__ 1,500 . 16 *11574 11574 474 200 . <70%' 16 115% 47a h- 5 11574 474 7,500 ; 14% 774 774 % 48 774 7% / 23 — 5,000 . , % . *3834 16 774 774 97 48'a 14% 4074 16 11574 11674 574 *38% 16 87b 25 . % 15 15 4074 1574 1 *7a 1474 *3874 1674 774 - 74 t *38% 16% 7% Jim 110% Jan. No class A Stores Bower 1,100' >; / 874 257b 10'i 17 RR < assented.*-100 Bearing Co— 5 Braniff Airways Inc —2.50 Brewing Corp. of America —15 Bridgeport Brass Co • Yd par Briggs Manufacturing. No par 1274 8% *38% Ami Co Boston 12 7 b 24% 14% 5 Borg-Warner 1274 25 157a 8% Jan Borden Co 500 247b 15% 2434 Jan 2,300 25% !a Apr 6,700 3 874 % Aluminum Bond 3374 247u . 17-% 3,300 I 33 3 127b ' Co.— Class B >3374 34 97b 42% Bon 700 ; - 25 % *41 Eohn 110 974 £ 54 3 1.5 Mfg Co Boeing Airplane Co—— 150 4574 32 Vu 3374 *33% •] , 11,300 //> 1.500 . 27-74 - 274 *3374 9 467a Mar July 1.00 Bliss & Laughlin Inc Bloom ingdale Brothers,.-. 70 : 88 •313 31 2775 2774 43 25% : 5 38 Nd par Blumenthal & Co preferred 1374 ■ • 15% Nov 56% Jun 7 " 7b 407b 96 1374 25% .-■4 34 37 15%' *90 8674 *44 *30% *14 • & Decker Blaw-Knox 400 9% May 20 23 22% Jan No par Black 6,400 1711 a Sep Highest $ per share .54% Feb No par 1,000 7% 15 13% (Del) 7% preferred——. Bigeiow-Sani Carp Inc—— 17 96 74 800. 13% Mar 17 $ per share oar —Yo 1,700 , . *1674 13 74 % > 16% /: 73b 43 85 4574 *3474 No par $ per share _1 Co Bethlehem Steel 21,900 34% 1674 77b- *90 : 43 46 45% *13 1334 96 *34 17 74 *1674 1374 8874 '■ 15% i' 33% 12% ' /, Foods ' *90 12% 45 *86% 15% 1374 96 1474 *44 15% 33% 1574 16% 17 *90 96 143 4 & 774 7% - 187V . Best 35 ■,/ •■/ Loan. pfd $2.50 div series '33_Yo. par 1.000 11674 . 37 16% Pr ■ 337 b 55 :>■ . ■ 35% 17 58 *57 Indus 3374 33% 15 ■ 11774.;. 37 Beneficial 2,900 16% 57 17 1674 7% 157 a '*3674 167 b 58 *57 58 3374 33% ' 1574 *117% 16 1674 Year 1942 Lowest 102 Deo Deo 50 Jan 48% Mar 30 77'% Alay 47 Alay 3274 Apr 44 Jan 40 257b 3674 Jan 92 74 Sep 29 54 13 153 . 123 Sep July 20 Sep 21 July 14 68% Oct 18 247b Sep 10 10974 July 17 28% July 15 1147 a Oct 6 19% July 14 19 Sep 25 1974 Sep 25 17.% Sep 25 8474 Afar Apr Jan 149 Nov 5674 Afar 92 Nov 55 74 63 74 139 Jan Apr 10774 1874 10% May 96 May 1374 May 7b Apr 1 Jan 17% Nov 1174 Mar 9774 108 ' Deo Oct Dec 1374 Jan 4% Sep 574 Sep Afay % July 874 Apr 1674 874 IF.% Dee Apr 5 Sep Deo THE COMMERCIAL & FINANCIAL CHRONICLE 1948 LOW I per share share per 4v« 4% ' SALE S per 4 73% 72% Si share 4 73 Vb 90 90 14% 15% 15% 15 15'A 15 38% 38% 37% 37% *36% 38% \ 38% 37% 38 % "105 105 68 *68 36% 107 > 37% "104% 90 39% 40% 39 12% 13% 12% lo \k 67% '70% 67% 70% 25%i 25% 8% 24% 8% 8% 21% 21% 20% 20% 19% 20% 19% 104% 104% 104 % 105 4 4 Va 22 y-.i 22% ";Vv 2'/a 40 Va Jan 2 77% Sep 28 30% 100 37 Jan 2 73 18 29 Sep Sep Jan 300 No 45% par 79 % Jan 13 98% July 15 51 Mar Dec No 84% par 7 19% July 14 Jan 11% 114 Ve 15% *36% 91 % Apr l 20'A Jan Commonwealth & Southern_.No par $6 preferred series No par Jan 2 36% Jan 2 21 Ve Jan 2 % s/e % 57,000 70% 70 Ve 74% 15,000 25% 25% 25% 8,500 Commonwealth 8% x8% 8% 1,300 Conde Nast Pub Inc No par 21% 21% 21% 2,400 Congoleum-Nairn No 20% 21% 1,200 Consolidated Cigar A 6% ft prior preferred . 8% 21 *20% . 21% 104 104% 104 V 105 3% 3% ; 3% 190 37/a. 11,500 2,500 2% 2% 2% 15% 15% 15% 2% 2% ■>, 2 Va 15% 16 15% 6% 6% 27%' 28 27% 27 Ve 26% 10% lOVe 10% 11% 20 Va ■19% 20 19% 19% 20% 20% 104% 19% 8 Vs 8 »/4 109% 108 % : ; 34% 34 31% 2,700 33% - • 19% 7% 1,000 32% 33% 11% 10% 11 10% 46 46% 46 ■ — 46% 4,4%. 5% 30% 30% 30% 30% "23% 24% 22% 23% 24 5% 4% 4% 4% 31 10% 11% 10% 10% 10% 50% 50 50% *50'A 32% *14% 46% . 14% 58 14% 14% 46% 46% 46% 44% 45 57% 57 58 "181 15% : 182 45 33% "56% 4% 4% 4% 4% 4% 1 Ve 1% X. 1% l7/a 1% 19% 19% 18% 19% 104% 105% 105 % 21% 20% 18% 19 105 104% 17 20% 1,200 Copperweld 130 15% 1,600 44% 460 Corn Exch 57% 1,300 Corn Products 179% 200 4% 4% 3,300 1% 1% 900 19 19% 8,500 104 104% 340 20% 800 — — 15% 16% "28 28% 27% 28% 27 28 »4H% 47% 46% 46% 46 46 17% 17% 15% 15% > 15% 14% 15% 98 14% 16 Va 16% 16% 17 4.300 7,700 Crown • 15% 15 15% 98 98 98 x97 97 96% 96% 90 28 30 Ve 28 29 29 29% 28% 29% 72%; 72% 71 72% 5,200 72 72 72 72 18% 16 17 15% 16 16 16% 17 9% 10 10 10% "109 lOVe 9% 11 ; 114 11109 114 103 ' *97% "97 105 23% *21% 22% *106% 108% 5% 4% 5% 5109 105 21 108 Va *22% *106 114 "97% 23 20 Vb 22 % *21% *109 *21% 22% 106 23% 22, 106 22 —, . *104 108 % 3 5% *90 93 >43 43% : ■ ■ , 43 40 : 7% 6% 17% 7 :•>"■" 90 90 4% ■ 16% 88 41% ■■ 5 •■>■:. 88 89 41% 42% fa'% 6% 6% 7 16% 16% 16% :■; :■ /. *115 125 ■119% *140 143 140% % *117 125 *110 vv. *130 143 *130 21 19% 20 17 27% July Apr 5 14% Oct 7 37 2 Jan 47 U Jan 25 .*87 20 V2 20% *6 92 ■ ; __ 22% July 14 108% Aug 19 23 Va Mar 12 5,800 *108 •6% •— 38.200 ' 125 *130 — — — '6% 143 20 26 10 6 77 38 —100 K 1 18 Jan 100 Jan pfd . Jan 39% Nov 63 Jun 84 Jun 13% Jun 9 Jan 88 Jun 140 Jun 74 Va Jan 95% Dec 8% May 13% Jan : 26 26% Jun 10 13 19 90 2 8 107 Oct 7% May 10 30Va Jan 2 97 % Nov Jan 2 45% Sep 17 9% Apr 8 Nov 9 16% Nov 8 Feb Jan 13 % May 12 Jun 18 Jun Jan 19% 100 Sep Dec 2 Oct 32% Nov . 20% Oct 9 'A Jan 25% Jan 5% May 24 Va Mar 29 Nov Feb 26 119'/a Nov 8 80 Jan 95 Oct Feb 84 15% Jan 10 140 Va Oct 28 44 Jan 81 Nov 4 26% Jun 29 12% Jun 18 Oct 3% Jan 100 No par No '6% Mar J2 3 17 • Sep 8% No par Inc 12 VB 88 Va 5 No par _ Apr May 25% Oct 8 1% Jan Jan 11 106% Jun 10 4 Dec Nov 41 July 14 113 Mar 20 10% Jan 1 $8 prefen ed Feb 9% 20% Mar 23% May 82% July 20 22% Aug 11 14 Va Jun 92% par A Cutler-Hammer 9 5 No 5% May 14 V» May 32 July 15 9 100 (The) Cushman's Sons Inc 7ft 10 2,700 Oct 99% Aug 8 Curtiss- Wright ———1' 50 20% Dec 2 7 Nov Dec 4 Nov Nov % Nov Nov Jan Oct 3% Apr 14% July 27 9% Jan Dec 18% Jan 17 Dec 58 98% 28 23 Vs 37% 179 Apr 81% Inc 15 Apr Jan 11% Jan 105 Jan Jan Jun 2 7% Nov 12% 51% 12% 27 71 21% 10% Oct 10 Apr Apr 85 Oct 100 preferred Class Jan 31 30 $7 preferred Prior preferred 60 1,300 16% ■ — — Press 4 Va ft i! 5 Packing Co Curtis Pub Co May 17 May 22 47 —100 Dec Apr Apr 2% May 6 Sugar Dec Nov Mar 23% 12 No par No par Amer Jan 4% 42 Va Jan 9 18% Jan 37% Jan No par Dec 8% 42% 27% 159 par No par preferred— conv 8% 2 2 % 16Va Jan .• preferred —————-100 5Va *'» 20 49,700 95 2 50 Va 7 6 14 % Jan 100 28% Apr Api 45 May 21 186% Sep 2% Jan 1 No of Apr 61 Ve 2 Jan Jan 17% Aug 20 53% Jan 20 176 Oct Dec 103% 2% May Aug 24 Jan 5 5% Sep 2 15 preferred——— 6ft preferred Cuneo 400 :. 5% 41% 143 119 22 108% ■ 125 140% 19% 21% 21% 37% July 15 53 RR Cudahy 6,000 5 — 17 7%:; 17% V 100 22 % 22 . 17 5% 7% V:*104 - so 42 102 ■■: —v • 5% 8 1 Corp preferred— Cuban-American 114 22 — conv Cuba 210 *95 97% $5 7,800 *109 22% • 8 6 Zelierbach Crucible Sieel 800 17% 10% 9% 114 97 Va 22% 4Ve Jan 25Va Jan 25 preferred Crown 3,600 v 74%-> 11 30% —100 Cork & Seal $2.25 900 30% "17 28 49% Sep 20 7'A May 6 1 Jan Nov 9 Apr 4 15% Jun Co—_20 Crosley Corp (The) 28% 21 Va 36% Jun 2 preferred 46 Apr 7 7 1 conv 77 7 Jan *8% . Jan 16% 2 ]8% Jan Corp Co 5% Oct 96% Jan 7 45 Cream of Wheat Corp (The)—— 28 Va 20 % 99 26 % Jan x9% Jan , 46 14Ve 24 5 Refining 27% 73% "98% Electric Trust 3 May 40% Jan 50 Coty Inc Coty Internat Corp Crane 110% Sep Jan No par L Preferred— Nov Jan 11% July 2 Va Apr 2 5 82 7 11% Jun 5 Co 46 Ve 27% *46 15 20% ' —. 3% July 4% 25 23% Jun 7 " — 21 Oct 6 5 series Bank 107 Jan 96 $2.50 Continental Steel Corp 2,300 *56% Jan 1 11 Cornell-Dueilier 1% Jan % 9 - 30 x4% Jan 100 Del 24% Steel Jan 16 20 Motors 50% — 105 21 89 par 6 No par Continental *179 Vb 19 Va 18% 105% 20% 46% Oct Continental ' 21 24 9,000 1% 104% "21 33% Jun —20 10% Jun Apr 27% Mar 30 38,700 pref 5ft % 7 16 Aug 11 16% May 10 pfd-—No 15 4% 2 *1% 9 11 5 of 94 1 16 preferred———— Oil 16% Apr 27 Jan 50 50'A . Sep 7 preferred Conv 8 29% Oct 4% Jan Insurance— 32% Apr 21% Mar 29 19 % Nov 25 Continental Can Inc 8,700 11% 78 ' 1 Diamond Fibre • 179% 4% 4% 8% 5 pid—100 Continental 24% —; 57% 179'A Nov Co Continental 44% 57% 5 9 1,800 4% 45 179% 15 Ve Jan 91% Jan 12 2,100 31% —■ 56% Jan par 10 10% , — 179% 181 179% : Feb 7% 2% Feb 46 - 15'A 15% 97% Sep lOVe Nov 10% ■ 51 15% Apr 4 Sep 26% Nov 45 Vb 11 50% 83 ' 24"% 24% 11% 51% Dec 2 6% Apr 7 24% July 15 105 July 24 of America 31% 50 % 12% 109 wd_—15 Gas 6% 9% Aug 6 8 3% May 12 Continental Baking Co— 100 3 Jan 19% May 12 Container Corp - 11% " 2 Apr ' Jan 3% Nov 90 11 2,200 — 4% 31 24 ' 10% Jan 11 11,500 ■ 5% Jun 12% Va Jan 19% V 8 " ■ 11 47 1% 5 7% Jan 19% 110 Dec Apr 12 Jun 1 $4.50 7% Jan 17% Jun No par 5 Consumers Pow *109 Jan 3% 18% July 20 11 No par 190 .7% 110 32% Coal 23% 27 25 Aircraft Cuba of 44% 7 24% July Oct Jan 21 Vb July 13 —10 RR Consolidation $2.50 25 2% Jan No 103% ' 30% Consol 2,300 76% Oct Dec Jun as 17 Va Jan Preferred 11,600 May 10 10% 5 Corp Natural Vultee •1 % 34 7% May par —100 102% 19 Ve 7% *108 Laundries Consolidated Consolidated 45 104 Consol 6,100 July 14 No par partic preferred 15,000 13 *43 $2 4,100 , 10% 13 104 110 31% 9 Ve 13 19% 7 Ve *ios 9% 7 '27% 45 12Ve 10% 47% "47 9% 6% . *43 104% 19% 8 108% 7 46% 12 m.% 8% 12% 45 104 20% 7% "108% 6% —25 Inc $5 preferred Consol Film Industries 2,100 10% .11% 19% 19% 6% Edison Co Consol Coppermines Corp Consol Edison of N Y, 26,100 11% "103% Nov 20 44% Jun 27% 104% 105% 107% Sep 2 22% 8Va Dec 19 103% 12% Oct 29% 15 3% "42 35 Jan 9% Jan 16 Oct Jan 29% Jan conv Jan 16 Vs 104 Va Jan 22 9% 54 24 7 100 103 13% Jun par 22% 45 July 9 44 Nc par 103% 8 41 14 No 21% 12% preferred— 11 25% Jan Commercial Solvents 103% "42 30% Jan 10 5'/b Comm'l Invest Trust 6% "104 4% % Credit Jan 17,500 10% 10 % preferred—^———-IVo par Commercial 100 9 10,700 27% 13% Pictures 13% 6% 46 Co 40Ve 11% 13% Carbon Oct 13 21% "20 _ 40 % 27% 10% $2.75 3,900 6% "43 Columbia 400 37% 107 11% 20% Columbian 2,600 38 Va 36Ve "104ve ::: 27% *20 2% Nov 100 preferred 103% 2% Sep preferred series A 5% 21% 16 t per share 6% 103% 15% 1 . 20 22% 2% 16 *15% 2 1,900 103% 21% 2% ■ • 24% 3% 103 103% 103% * 3% 5% Jun 25 105 105 2 Highest share per lVe Jan 90 *86 107 u 20 *20% share per par 70% 20% 24% 8% . Year 1942 13% 8% 22 , 8% 22 $ 40% Va 25 Vs No t per share 13 Ve 13% H Columbia Gas & Elec 44,500 73% Par Lowest 70 ' *67 37% 104 Va 40 13% U Range Since January I Lowest Highest 40 40% 13 70% Range for Previous STOCK EXCHANGE • "37 * 107 4% 73% 69 90 40% 70% 3'/e NEW YORK Shares per share $ share 39% 68 ' 105 per 15 Ve 38 16 38 % $ 74% 70% 92 % ' /. the Week 4Vb "65 94 Sales for Nov. 12 Nov. 11 *87, 69% "90'/a STOCKS Friday Thursday Nov. 10 3% 75 73 PRICES Wednesday $ per share 4% 3% 74% 74 69"; e HIGH Nov. 9 Nov. 8 Nov. (» S AND Tuesday Monday Saturday Monday, November 15, 1943 5 7% Oct 96 par D "6 "17% 1. .22 *17% 24 35% 22 12% VV 22 34% 35 34% 34% *34% 35% *34 Vb *17 18 *17 18 300 *110% 22 22% ■ 17% 17 Va 17% 17% 14% 12% 13% 6% 5 20% 46 46 48% 5 21 20% 46 46 *43 30 41% 12 12% 31 27 Va 30 41% 12 Vb 30% 27% 28% 96% 96% 13% 14 97% 96% 14 14 "43 43% 42% 43 "29 29% 28 Ve Decca Records Deere 200 28% 18% 27'A Dec 1 2 5'A May 30% Nov 10 Deisel-Wemmer-Gilbert 12 Jan 2 20% May 19 9% Apr 13 VB Nov 7 Jan 2 17% May Delaware Lack & Western 50 3% Jan 2 10% May 10 Detroit 20 16% Jan 12 22% July 14 14% 1 48% Apr 37 Oct 7 6 35% July 12 14 Jan 21 Jan 33Va Mar 8 18 Apr 27% Jan 6 41% Nov 9 33% Apr 46 30% 50 30% *41% 640 31 , " 500 Edison Detroit Hillsdale & 8 W RR Co__100 40 17% Jan 26 Jan 37 Jan Raynolds A No par , "42% 28 12 ■ .; 29% 96% 12 Diamond4 Match No par —25 42 Va 11% .31 ? 100 12% 2,900 Diamond T Motor Car Co— 6ft partic preferred— 30% 31% 7,600 Distil 96% "96% 98'A 1,000 5% 400 Dixie *13% 14% *13% 42% 42% 42% 43'A 43% 28% *28% 29% 29 29% 14'A '•■'■■ 2 Cup Co Class 22% Dec 87 Nov No par No A Doehler Die Casting Co Dome Mines Ltd par 94.100 1,500 Dresser Mfg Co 1,500 Dunhill 26% 11% '116% 142 127 Va 120 177 38 17 Va 16 % : 35 Ve 34 V: •'.'■■ 5% ' 34% 35 Va ; 34% 11% *11% 140 ; 128 139% *127 119% 119% 34 34% 5% 140 *118 28 12 " 400 139'A 140 ' V 4.400 127% *127 128% *119% 119 Va 150 35 >34 % 5% 5% 153 % 152% 35 5% 154 : 38% 38% 2.400 16 16% 16% 400 35 % 35% 35% 35% 2,800 10 9% 10% 9% 3% 3% 3% 3% 4% 3% .4 75 Va 79% 76% 79 78% 10% 10% 10 Vb 10% 3% 3% 3% 3% 3Va 3% 4 3% 4 79% 50 8,300 2,900 21,400 76% "29 72% 76 Ve 78 Vs 76 75% 76 39 Ve 39% 75% 75% 39% 38% 38% 38 % 38% 1,300 30% 109% 7% 29 29 55% "54 7% 29 55 Ve *54* *110 Ve 111% 6% 7% 87% 88 "89% 90 89 % 90 "93'/e 95 94 94 87 88% j.; For Electric Elec footnotes see page 29 *55 30 7 55 Ve 56% 56 Va 111% 108 Va 109% 106'/a 7% 86% 7% 87 88 1955. 30% 55 Va *110% 7% 7 % 87 87 88 *92% % 30% 77 88 89 *38 94% 95 95 95 % • K £7 % *4 *% & Dec 12 1 13 V8 Mar 2% Apr 8 Jan 122 Va Oct 29 112 Feb 5 102% May 144 Jan 127 Nov 118% Deo 44% July 8 Apr 111% Mar Apr 2% Jan 4% NOV Apr 151% Dec 180 Nov No par 20 170 May 19 108 2 184 Jun ■ .3.5 (The)__. , Am 3U" 4 No par No par 10 170 Mar 26 May 11 Oct 15 Jan 2 20% Jan 30% Dec Sep 39 Vb July 20 36% Dec Mar 30 9% Dec 13% Jan Jan 4 5%; May 10 A Feb 1% Nov i% Jan 5 6% May 20 % Jan 1% Nov y.i% shares. $7 preferred 30 Va Jan 8 19 8 9% Sep J Dec 45% July 15 Jan 19 35 11% Feb Inc Electric Power & Light Sep 87/ti May 28 34 16% 2 146% Jan X173 13 2 3% Jan • Oct July 120 Aug 11 121% Sep 31% Jan -i_4 120 130 1 .100 7 IO'/b Nov 159'A July 15 8 117% Jan 13 —5 Boat Mus Ind 16% Vb Nov 9% July 16 125% Jan 100 preferred Autc-Lite Dec 35 Va Jun 24 Co Bros Stores Electric 3,000 38% cum 134% 8 Jan Mills Kodak Apr 13% Apr Jun Manufacturing Co Edison 6,400 73% 39% 76% "39 6ft Eaton Rollins Oct 95 5 134 1st pfd 16% 70% 4 115 pu-, Eastern Airlines Inc 38% 4% 5ft Eastman 177% 3% Duquesne Light Apr May v Jan & Co—20 Nu Eastern 16 10% (E I) Dec Dec 8 51 11 5'A Jan 9 Dec Dec 26 May 28 153 8 100 Nemours preferred 3.800 38% 179 de $4.50 Jan 16 par preferred 2,200 177% *176 P No 3,000 16 4% Du 100 120 No par 1 9% 29 4 25% Sep 8 A Nov 12 32'A May 16% Apr July 12 May 20 73 Va May 122% Nov ; International Duplan Corp 8ft 38% 35 Rights 122 5% 3% 80 122 152% 10% 80 *27% 6% *118 180 x37% 16 ' ' 6% 11% 122 *176 Va 16% 28 V8 6% , 153 39% . 28 . 11 152% % 177% 180 '35% 119% 155% 40 „ 40 "16 V8 138% '127 34% 6% 6% 11 122 -153 27% 6% 7 No par 45 33 Jan 7% July 16 lA July 15 10 Jan 2 38% Feb. 18 22% Feb 20 15%'Jan 20 48 % Nov 8 No par Vb ■28% Feb 16% Mar 70 6% 125 9% 26 No par v-;- 5% 39 Va Aug Aug 28 Dow Chemical Co 125% 6% May 10 35% Oct 1,600 'V,' 33%' Oct 98 % Sep 125% 6% 37 8 125% 34% Jan Jan 13 125% 155% Oct 4% 18% 83V2 Jan 124% 6% 30 Apr 21% Jan " 230 1.100 17 8% Jan 20 No par 155% 11 % 2% May par No preferred -Douglas Aircraft— 138 Va Mar 5 —100 Corp-Seagr's Ltd 6.600 120 34 % 8% Jan Devoe & 7,400 127 Va Dec {Delaware & Hudson———-100 4,700 20% 120 % 10% 15,600 51 142% 43 30.800 20 127% 4% Apr Apr 6 49% 142% 20 Jan July 20% 120% 24% Sep 110 36 % July 52% 127 Mar 5 20% 11% 102 12 49% *118 8 11 20 Va 122 Jun Jan 50 12 "11% '119 116 Dec Jan 19% 6 Nov Jan 48 Ve 26 Ve Oct 12% Apr 26 51 Va 7% 17% Aug 10 21 28% '> "7 Jan 8 5% 32 28% 15 Va 5 29 19% 122% 2% 3 Jun 1. No 48 Va 126r 4 Mar 19 19 9 Jan par 20 — Co Preferred 21 125% 109% Inc Jan 2 108% Jan 20 100 53% 20% .53 "177 & 17 12 1 14% *30 42% (The) ■ 96% 14% 2,000 21 *43 31 *41% 41% 11% "14 46 30% *30% Corp Dayton Pow & Li 4% ft pfd 8,200 5% 30% Chemical 35% 20% 28 Davison 34% 13% 5% 30% *40% 14% Davega Stores Corp 8 5ft preferred—„'.25 22 Ve 35 20% 29% 12% 112 22 Vb 5% 31% 41% 22% 35% 20% 27% 12% 97% 13% *110% 5% 31 "40% 35 112 20% 29 "30 Ve 4,900 36 112 31% 28% "31% 13 VB 35 6% "45 22% 12% 22 *110% 12% 21% • *17% 13Vb 24 14 % 6% 22 112 18 20% 13 ■;.. 34% 34% 14% *17% 13% iv/; ■>. >6% *34 Ve 35 Ve "17% . *17% 13% 6% 22 Va 24% 34% • *6 *110% 112 "110 % 7 i 12% 14 Vs 13% V! *6 7 ; 14 , 17% Apr 20 35% Jan 28% Jan 20 83% Oct 28 15 Apr 32% Jan Storage Battery—_ _No par 33% Jan 2 42% Sep 20 29 Jan 34% Nov 900 30 56% 107 >.31% Jan No pa* Electric El Natural Gas 19% Apr 300 Endicott 490 7% 27,700 $6 preferred Paso 5ft Johnson Engineers p7% 450 $5 190 $5% preferred 95 110 $6 preferred 1,600 preferred {Equitable 23% Jan 7 .—1 .... ... Office 2% Jan X32 Sep 9 39% Apr Aug 21 107% Feb 30 1% Apr 58%i July 17 5 12 28 4 118 9%i Sep 26% Feb 49 % Dec Oct 112 3V8 Jan Bldg 40 Apr 66 JaD No par 57% Jan 4 92% Sep 27 46 July 73 Jan No par — _ 49% Jan 106% Nov — Service _ 50 .100 Public 39% •'o .—3 Corp preferred 88% Oct 62% Jan 5 95 Nov 10 47 V2 Apr 83 Jan % Jan 8 1% Mar 1 A Dec No .NO par par 54 . Jan 92 7 ; Sep 27 % Oct Volume 158 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 NEW YORK STOCK LOW Saturday $ per share 11 11 47% 48 *77 7 % 714 11% 10% 10% 10 % 10% 10% share per 7 6% "10 % 10 Va 10 21% 2% *2% :* YORK 47 % Erie 35,400 2,400 RR Ctls No par 8V4Jar. No par 8 Jan 9 _ioo 39 % Jan 12 50 68 Va Jan 18 3% Jan 2 5% Jan Pitts RR Co Eureka 7% :,7% T0% 5,600 Evans 21% 2,000 Ex-Cell-0 2% 2% 500 33% . 34 V4 : 5.200 : 3 lnt 3,400 Vacuum Cleaner Products 5 Co 3 Exchange Buffet Corp.... 2.50 J per share f per share 4% Jun 4 37/a Jan 10 Oct 52% May 19 32% Jun 44 Jan 77 70 70 Dec Mar 26 9% Jun 8 4 14% Jun 5 Nov 8 29 % Mar 30 19 20 . Highest 4 % Jan 5 Corp 16% May 16 Va May Previous Year 1942 Lowest I per share 9 benef 5% pref series A Erie & 78 I per share common of 10:,,; ' -- Range Since January 1 ; Lowest':.; Highest :'/ ; Par 21V2 - i'. Range for STOCK EXCHANGE 6,300 10% *77 ' V' 22% 2% •; 10% 46% i.v'w - .;N ; 10% 20% — NEW Shares 10 — :* .• 7% 9% v, the Week $ per share __ 47 78 20 V2 f 2% 2% 47 80 •. 6% 7 11%.%' 21% vj; 20 2% "77. . "77 47% 46 '/a 47% Sales for Nov. 13 10% 9% •>--; 78 9% 22 ♦2% 9% 6% 11% *21% 11 47 78 "77 share 10% 9% $ $ per share $ per share per :: 10 11% 10% $ STOCKS Friday Nov. 11 Nov. 10 Nov. Nov. 8 Thursday Wednesday Tuesday Monday Nov. (> RECORD HIGH SALE PRICES AND 1949 10 Va Dec 1% Oct 4% Sep 7Va Dec 28% Oct 1 3% July Jan 4% Apr 20 May 11 Jan 1% Nov F 35% 22% 10 34% 35% x32% 22 Va 35% 21% 22 Va 21% 9% 22 Va x21 10 9% 9% 9% 10 — 34 22 22 •10 . 33 33 % 22 No par % Nov 21% Jan 9 42 Mar 26 27% Apr 37 V» Jan .20 Farnsworth Televis'n & Rad 13.400 14% & Co 6 28 May 27 19 Jun 29% Jan Corp.l 9% Nov 9 11 Va Nov 6 Jun Falardo Sug Co of Pr Rico 2,800 9% 1,100 —9% ■ Fairbanks Morse x32 ' *14% 15 *1.05% 106 105% 105 % "22% 23 22 Va 22 Va 17 *16% •' >4% *93 104 4% *16% 16% 16 >8 48% 48 % 48% 38% 35 Va 38 *34% 20 19 107 *105 35 Va 35% *25% 26 34% 19% *6% 18% . 107 *104 35 35 25 26 ' "24% 1,700 First 19 y4 3,700 Flintkote — . . ; v?, : 107 . 6% 45% 45% 45 46 - 11% 11% 11% 11% 11% % 46% V 48 12 to 32 % 25% 107% 107% "2% 20 "19% 12 11% 11% 66 31% 31% 25% 25% 25 % 108 % 107% 107% 2% 2% 2% 19% 19 % 12% 4.300 70 ;."6o 70 31% 31% 26% 700 "108% 109% "108 % / *2Va 2% 2% ,*2%. : — 109 5% 27b 2% 2% 13% 12% 12% 25% 2% 26 2% . 2% •:: ' 2% ■ ■ 2% 2-% 2,800 i Gabriel Co . 251a 25 Va '4 'a 4% , 24% *12% 13% 12% 12% 51 In 51% 51% 5 lis ii 10% 9% 109'/a "106% 12% "146 4% 334 10% 11% 10% 82 85 80 35 86% 28% *27% *146 4 27 147 xl46 *26 V4 35 35% 40 34% 35% 34% 40% 41% 40 40% 39% 40% lltt% 118 2% 2% 116% 103 103 101 y4 133% 133 51% 127 36% ; 51 50 127% 35 51% 36% 18% 18% 17% 101 101 133 133 1 18 7 141 45 "42% 8 * 27% > 34% • 35Va " 40 2% 101 Va *99 Va "131 49 Va ♦126% 35 3 i 5 4% 18% 17% 6% 1% 18% 19 400 18% 42 18% 18 18% , 22% 14% 14% 14 Va 14 14 1,400 80% 80 80% 1,280 Gen Steel Cast $6 21% 1,900 General 18% 300 17 % 19% 16% 7% 7% 6% 17 7% • 18 % "111 18 17% 70 6% 7 v 6% 71 21% 17% 112 "111 19 19% 21% 21% " 17% *69% ,70 21 % 10% 11% 10% 10% 82 82 18% 18% 18% 18% 46 45% 45% 83 83 81% 83 19 19% 181 8 19% 45 ; if. 1 % 11 *82 V 1 •in *2% 2% 2% '% 2% - *45. 45 • .1 1% • 2% & 45 "44% : 1 2% 2% 85 83 83 83 36% 37% 37% 100% 100% 100 Va 34 % 35% 106 V* 106% 7% 7% 7 102% 100 1% •4% '16% 9% 33% 4% •15 16% V 9% 100% 1% 1 1% 7% lOQVa *99 34% 106% 7% 6% 4% *14% 1% 4% 4% 15% 15% 43a 4% 34% 106 100 1 1% • »: - 7% 101 106% 34 Va 106 % 11106% "100 - '45 % ,?1 9% 834 -' 33% 33 33% 25 - r 8% 15 9Va 9 101 101 35 101 33% 34% 106% 900 7% 7% 2,200 100% 100% 140 1% 1 Va IV4 27,000 4% \x4% 4% 4,200 7%. 100 Va 15 "14% 9% "24 *24 25 17 17 17 V4 17% r. 2,300 24% 24 V8 24% 12,200 33 V4. 24% 16% 17 Va 16% 16% 25% 25% 24 Va 25 Va 24% 25 23% 23% 23% 23% 23 *147;*: 148% 148 Va 148 Va 150 23%, 24% >146 :' 147 "57 58% ♦45% :'."57 : 18% 18% 11% 11% 11% "3% ■; ■ 6% *57 4514 45 i7V* 18% 11% 11% 3% 3% 4 134 58 Va : . ; • 134% 11% 10% 3% 10% ■f-T; 32% 32% 46 % 47 29 32% 29% 30 l 44% 45% T .45% .it ,0. 220 1,300 17% 10,100 11% 900 10% 11 • 30 44% 7.900 Gulf (W T) 5% Nov L) 5 Oct Feb 16% Apr 21 Va Nov 22 1% Aug 9 32 % May 148 4 Nov 3 39% July 2 2 9 4 28 5 2 2 4 4 30% Oct 44% July 15 x23% Apr 40% Jan 116 Va July 119% Sep 6 Nov 107% Sep 61 1 21 137 Jan 3% Jan 5% Jan 3% iY Jan 10 Va 25% May 20 112 % July 1% Jun 59 23% Mar 15 24 Va Jun July 25% Jun Jun Nov Apr 19 V. Jan 8 V4 May 11 10 20 May 7% Jan 15% Dec 3 Jan 5% Nov 110 x40% Mar 61 Feb Nov 4 Apr 5% Jan 50 17 4 May 65% Jan 12 Va 16 37% 22 Sep Jan 44 V4 Jun 6 1% July 6 Oct Feb Jan 8 3% May 97 % Aug 25 73 Nov 82 Feb 45% Sep 20 13 Jan 27 Dec 25 56"; Jan 83 % Dec 41% July 17 10 V4 Jan 108 % July 14 60 Va Jan 1% Jan 11 102 Oct 9% Apr 100 29 Nov 5 x58 2% May 10 2% 27 •: Mar 6 1 Jan 9 13% May 29 3 37 24% Jan Sep 1 Vs Feb Dec 18% Oct Jun 25% Feb 22% Apr 65'' 11 130 8, Jan 27 50' 27 50!. Sep 2V',: May 27 14VeJan 4 Jan 4 13%'July 16 9 17 % May 12 25 July 13 Va 27% Jun 3% Jan 23 19% 153% May par Nov 1 2 2 32 2 9 19 22 Va May 22 July Jan 2J/4 Jan Dec Nov Apr 23% Nov 81% Jan Jan 9% Apr 18 7 100 Nov 26 27 6 par 5'/a 8% > 32% May 10 Jan 21% Jan 10 19 Dec Nov 81% Dec Sep 6 Dec 4% ■ft Sep 4 6% Apr 7 July 13 Jan 90V4 Jan 17 10 Va Nov Dec 28 2 11 Jan 16% Sep 8 57% Sep Feb Jan 101% Jan 31% Jan Jun 8 4% Jan 1 Nov 79% 13% Mar 10 9% May 10 74 May 20 1% May 31% 55% Jun 9 23% May 29 112 Oct Mar 14 Va 9 July % 23 4 July 14% 107 Va 4 17 91 Apr Apr Va Mar 101 15 Sep 14% Nov 13 12 Jan 14 8 25 Vs Jan 9 90% Jan 4V4 Jan 11 100 Feb Dec 109% May Va Jan 7% Jan 29% Feb 4 25 . i Dec Jan 3% Jan 2 2 Apr 1% May 2 Ve 45% Aug Jan Aug 5 25% Jan 33% 11 Va 48% n"* Apr 14% 12 41% May 42" Jan July Nov 14% 11 10 V8 May Jan 63% Mar Jun 5; 28 y4 143 Apr 9 Va May 10% 10 160% Jun 25 No 30 44% Sep 5 Corp July 131% 10% Mar 24% Jan No 128 99 Va Aug ——1 100 —1 Apr 24% May 29 8% Jun 8 48 Wo Apr Jan 110% Sep 9 2 Ve May 10 • 2 _10 Oct 13% Aug 1% May 29 5 No pot 87 30 6Vb July 23 ft Jan 1% Jan 73% Sep Co Inc„ Jan Apr 122 6 22% July 16 138 Jan 102 122 July 13 2 100 1% Mar 64% July 23 56 59 Jan 14% Jan 41 Jan Wo par nreferred 111V4 Apr % May 23 2% Apr 118 14% Sep 15 Nov Apr 85% Oct par 132 Apr 21% 2 pfd_..Wo (The) 120 I 4 8 Dec Jan Jan Prop—Wo par 4% 90 V4 20 Ore 2% July Dec Nov 2 1 5 par' 140 66 % 93 July 28 83% Jan 14 Jan Apr 98 % May 19 No par 10 Co Iron 106 Aug 23 Jan 5 4% Jan 60% Jan preferred Oil 3% Jan 3% 14 _Wo Gulf Mobile & Ohio RR 4,100 Feb 3 9% 14% Jan 5%%;: preferred...— 30 46% 104 Sep 113% Jan 80 Nov Sep Sep 4 par 7 V. Mar 6% 13 5 Apr 98 35 2' Jan 16 V4 Jan Feb Dec 2 9% Jun 2 108 3% 10 V* 53 8% May 19 Jan 12% Jan Mar % Jan 31 % Jan 15% Jan 9% Jan 60 Jan Oct Apr Feb 18% May 20 2 X104 Jan 3% 4 5 129 Jan 21 2 Jan 34 Sep Jan Aug 31 151 12 Jan Jan Jan 100 Grevhound Corp 45 Va rj 7% 71,% 20% 130 '/a 30% 2% 2% 9% Jun 1 134 Mar 4% Jan 2% Jan 83 Great Western Sugar Preferred «5 4 Wo par No par Wo par —Wo par Guantanamo Sugar 10,700 5% Jan 8% Feb Jan Jun Wo par Co— Great Northern Ry 67c 8% 51 4 Grumman Aircraft Corp— 50 107 4 Jan par 50 (B F) 3.600 6% m 6 V4 6V4 Co par 1 3,900 3% 133 29 Jan 15% Jan preferred (H 25 Jan 37 2 Wo Grand Union Co.—__ Green 11 % Oct 4 6% Jan 102 Jan preferred— Brewing Nor 51 par Graham-Paige Motors Granby Consol M S & P 5% 26 2 5 Preferred Great 14% Apr 53% Apr 25 Green Bay & West RR— 45 Va 30 46 Va 6% - 58% 3% 5% 3,200 23% 150 "128 6% 5% * • 3% 45 6% 100 '11 Va .17 ,f.U 134 *125 V2 44% 17% 11% 25 "57 45 17% . 11% 11 11% 134 134 58 % 44% 46% ■'« 24 la 148 Va x24 Va I 33% ♦24 11 Jun Nov May 11 % July 4% Jan 103% Jan Wo par 1,100 33% 2 5 (The). Grant "33 1 13% Jan Wo par Granite City Steel 33% 24 V* 147 300 16 6% Jun 15 9% Jan 51 30% July 13 12 Jan 18% Sep May 37 % Oct Co preferred Goodyear Tire & Rubb $5 conv preferred Gotham Hosiery— V 3 Sep 8 2 Wo par 3,000 9V4 25 33%- •17% "24 16 .;.9V4 » Jun Wo par Rubber 5% 14,300 Jan 1 7 20 Gold & Stock Telegraph Co_ 1,100 1% 1% 4% Jun 14% Oct 2 Vt Jan 100 & conv Goodrich 10 4% May 17 2% Jan 11 17% Jan No preferred Co tGoebel 150 Nov par (Adolf) 1,800 12,000 ♦105 V2 106% 17% "24% ~ 84% 38 V4 Jan 97 Jun par Corp Safety Razor 4% % Gobel Apr Apr 18 85 Va 110 131% May 1 preferred $6 200 .2% • Tire conv 4,300 lVa 37 V3 $5 15 Va 2 12 3 preferred—No Telephone Glidden 2,500 ;A1 . . 10 Aug 23 Jan 7 No par Gimbel Brothers 600 18:Va ;"2.% 38% 101 84 84 83 39 36 36 8,700 ;• ... Gillette 200 11 ,-.18% 2% U* 85 % % 36 101% "101 70 10% • 1 39% 39 "a 11,400 *69% 11% 84 88 "85 7% 31% 17 96% Jan 12 preferred General 3,000 38% Jan No par 100 —1 Time Instru Corp 6% 18% 7 70 71 Gen 112 I8V4 7% 11% 11% "17% "111 18% 71% "71 21V4 18% 112 Apr 44VaJan General Shoe Corp__ 79% 22% 27 11 No par 79% 112 38% July 10 lOe 14% 21% 13 126 % Nov —Wo 78% "16% 30% Oct 1 preferred-. 14% ♦111 45 Wo par Equip Corp 80% 18% 10% Oct No 14% 112 Jun No 78 Ve 22% "17% ♦111 5 38 Sep 10 General Refractories 2,900 14% 28 19% Jan 100 —Wo Jan Nov May 1 14% Oct 21 par preferred Dec 12% 136 75 par par 42 Apr May 8 6 5 5 9 V4 114 12 16 2 No par Precision 27% Mar 4 Jun Jan Jan Feb 1% Jan No par —No par Outdoor Adv A 5 19% May 5% 36% Mar 5% Jan 50 9 vb Jan 100 Gen Realty & Utilities— $6 pref opt div series 9,600 16% Jan 1 preferred series A-No par — 8% 21 —100 Gen Railway Signal 6% preferred— 70 1 41 5 May 140 Gen Public Service 2,100 113 1 41% 7 No par Gen 18% 51 3 12 5 Foods 28 July 15 13% July 7 10% Jan General Printing Ink 2,700 39ViFeb 9% July 15 50 xll6% Nov —— preferred $6 % 11% No par 1,800 •111% 1 May Aug Sep .——No par 3,700 1% 3 4 5 Common 112 1% 113 Gen 1,300 6% "110 5% .3,400 18 6% 112 2 5 9% Jan 50 Cigar Inc conv $5 700 4%. 3% Jan ,30% Jan General Motors Corp 34,200 36 Feb 1 General Mills 150 50% 127. Dec 21% Inc Gen Gas & Electric A 500 133 50% 126% 27 V4 Apr No par $6 Dec Mar — Corp $4.50 preferred—— 100 Feb 16% 96% Jan 15' General 29,900 May Jan 18 No par 120 2% 115 86 10 General Electric Co 3,600 9V4 11 Corp preferred 2 July 29 109 Jun No par preferred- cum 7% 26,600 116 116 7% General 50 • • . 500 }. 40 "110 132% , 146 146 ; 18% 44 18% 40 500 22% Jun 7 Dec 39% Jun No par 14% 80 B': 1 1« 83 V4 Apr 16 Nov 36 No par Bronze 29% 39 Va Jun Dec 105 28 10 General Cable Corp Class A 2,600 Apr 1 Amer General 1,800 12,400 .. 83%. - — . 4% 87% 8 No 82 "14% 1 ■ ' "40 18% 18'% 18% *111% 113 % 42 '• 18% 18 % 18 - 1% 1% -111% 1 ;v 6% *110 112 1% 19 % 1 % 1 % 17% 6% % 6 "4% 18 17% *111 111 111 111 4% • 112% July 12 19% Jan Transportation-'General Baking $8 preferred No ___ 11% 27 % — v 26% 25% Jan . 6,200 6Va . 36 36 36% 4% 1% 18% 20 ♦19% 35% "110 - 126% 126%' 127 112 1% 1% 132% x50 49% •50% y> 6% ♦110 112 "110 „ 101 18 6% •7 — 2% 101 4% 4% 4 "■•■' 14 Va 43% Jan , par pfd—100 $6 preferred 11% — 115 36 4% 147% -kx : — 7% 117 2% 115 127 • __ . ' 7% ;v 27% 115 133 Va *132% 117 2% 2 101% *127 : 146 *110 115 ♦110 119 *116 ■ 2 Va 2 ■ . 113 Gen Apr Apr 13% 10 Gen Amer Investors 2.500 *146 6V2 : 40 Va 35% 113 , \ 83 ♦ 2,000 40% " 15% Jan 97% Jan Gaylord Container Corp 5 % % conv preferred 109% 39% " 4% 81 35 *116 — 11% 27 ■; 150 ; 6% 11% •81 35% - 6% 4 10% 10% 10 11 par 10 (The) 100 . 148 147 27% 27 ♦147 150 "147 1M Co 500 *106% 5 20 13 - v-'7 31% Jan No par Wood Industries Gar 11,800 Dec 7% 29% July 15 43 No par 25 — (Robert) 51% ■ ' par 42 Dec 1 (The) cl A *12 V4 — — ' Jan 12% Jan 6 1 *51%. •: —•. 10 40 4% 87 74% Nov 16 104% Jan 100 Inc Jan 2 preferred Gamewell 290 25% 4% • __ :■ ■ 109% 7 Va 638 6% 6% 6'% H .3% 12 39% . 148 *146 6% 4% 12 9% *106% ' 39% 7% 4% *6% 51% — . Co 6% 100 Feb 18 Va 97% Oct 28 Co ' 12% 25% ' — • 13 *51% 9% 1091a - 7% \ 148 ♦146 150 39 7-'% 7% .7% 7% Va *106% 41 39% 41 , — 4% *12 • — 25 % *12 V4 12% 51% 9 109% 10 •1 41 13 4 4% 51% . 10% *106% 25% 25 x4 4 % 4 % ' *12 12% Gair 13,200 . * *12 4% Apr 100 ' *2% ♦12 % 13 Va Jun 8 19% Jun preferred conv Apr 3 No par 10 preferred Trailer 8 78% Jan 50% Jun Sulphur Co Fruehauf 30 2% ' Freeport Jan 11% No —... Corp preferred prior Jan 24% 6 8 Machinery Corp Corp 6% 93 Dec 25% July 14 No 1 Francisco Sugar Co 10 6% Apr Jan Sep 19% 2 No par (The) Stove Co.. F'k'n Simon & Co Inc 7% 2,600 25% 31% :> "25% 31% 25% "60 4 14 No $7 conv preferred '50 12% "19% 12% Food 240 18 «'/4 69% Jan 27 Foster-Wheeler 3,000 Feb 3% Jan 15 100 Stores preferred conv 13 105% July 27 29% Apr 5 17% Oct 25 Jan Food Fair Stores Inc 800 15% 116% 32% "167% 234 15% xll63a 66 25 47 15% "19% 5% 160 1,200 19% July 13 7 13 25% Jan A Follansbee Steel 1,700 11 % 131% 12 4. 31% 3214 25 =»'8 % 46% 15% 70 11% "66 $4.50 Co 2 Jan 86 10 $2.50 Florsheim Shoe class A 11% 47 " 131% 15% "131 20% 46% 6 National series Florence 45 % 138 14% 16% 133 20 1214 70 "06. 46% 46% 47 15 "131 21 *20% • 47 16'a 6% preferred ;_i 500 4 26 i'& 6% 5% 46 Corp 300 34 3 "24 % 6 20 107 . 343 i „ 11% 131 Fidel Phen Fire Ins N Y 6% par. .100 Firestone Tire & Rubber 19% 44 16 Viz Enamel 2,200 5,400 34% 7 i preferred 16% 1,000 6% Jan 20% Jan No par No 37 343/s • 5 *. 47% 108% 11'4 131 Ferro Corp Dept Stores conv *1065a 47 "47 % 4 % ',0 260 __„2 Motor Truck Federated 100 26 6% Federal 16% "11'/a 6% Federal-Mogul 3,200 94 Va 15 No par 36% , ' "46 - 1,100 4% 23% 1,600 Traction 46 y4 — — — 35 35% 17% 93% 107 35 & Min & Smelt Co 4% 19 Va "104 Light preferred—,— Federal 22% — 34% 19 % ; $6 700 — 109 35 26 "25% 108 Federal 80 22% 36% 35 107 35% > * 104% 17 Va \ ■ — 48% 36% ; 108 20 *105 •• 108 35% 34% 20 •■ Xl04% 22% 16% 47% 48% 36 Va 14 . — — 94 16% 48 35% 109 *108 35% % ; 94 16 15% lb % 48 % 38% — — 22% 22 94 % 94 93 Va • • • 4% 4% 22 V» , . 17% 17 4% 21% 14% 105 22% 22 16% 4% 22 % 93 109 103 % 22% 4% 94% *108 * 104 22 16% 17 16% 23 *14% 13% 13% . v 22 Va 4% *22 % 14% 13 1 18 ■ - 86 Jan ; Sep Jun 4% Oct Jun 33% Oct 50% July 26 H "26% 28% ♦26 Va 28% *267 a 28 V2 "36% 37% ♦36 Va 37% *36'a 37% 16% 14 V* 16 % *16 ♦12% 14 ♦106% 108 , „ *267/a 28% *36% 37% 16 16 — *26% 28 *36 Va 15% *12 14 *12 14 *12 108 108 108 *105 108 *105 page 1955. Hackensack 37 Va 14 ♦12 *106% For footnotes see 14% 16 V3 15% . 7% 1,800 Hall Hamilton Watch Co 13% 108 20 8% 25 preferred— A. 22% Feb 25 Water preferred class Printing Co 35 10 _Wo par —100 11 28% Sep 3 Apr 13 1 38 12% Jan 5 18% July 23 9 % Jan 18 Jun 104% Mar 13 25 Apr 35 Dec 8% Mar 13 Aug 4 8 Jun 110% July 28 95 Mar 15% Jun. Feb 19% May 29 11V4 Nov 106% Feb 1950 THE COMMERCIAL & FINANCIAL: CHRONICLE - AND HIGH SALE PRICES LOW a 5% % *101% 105 *101% 64 7 6*2 % 102% 2 65 Shares Harbison-Walk 15 3,500 10 5*4 5% 2*8 %;%-•< 2s. . 2*8 14% 78 77% 14% 77% •v'r L • .77% 1 100 —1 *130 1: 64% *111% 116 118 *112 118 *113 130 *63 Helme 1,500 78 % 2,100 Hercules —No Motors— *112 116 ' *130 J " 100 *112% — 116 2 56% Jan 152 73 130 13 98 Jan Apr 12% Apr 80 Dec 88 May 8% Nov % Jun 1% Jan 79*4 Apr 94% Dec May 141% Apr 58% 45 3 10*4 2 51 125 158 Feb Jun Jan 4% Jan Apr Apr 87 May Jan 16% Jan 5% May 136% Aug 26 Jan 104 146 Apr 3% Mar May 28 17% July j per share Xl26 3% May 10 110% July 23 71 Apr 2 167 Mar 9 6 12% Jan par No par 6 9c cum preferred—™ Hershey Chocolate $4 conv preferred 10 % 5 100 No par No par Hercules Powder— 40 64 — ■ , 131 *62 .'v 64% 2 93*4 Jan 20 —25 7%.;non-cum preferred——100 20 144 5 Jan 1*4 Jan 25 Co 107% Sep Highest I per share 18% July 6 144% May 14 7% May 29 109% Oct 11 3 6*4 Nov W)'— (G $ per share 6 Feb 4*4 Jan 2 Hazel-Atlas., Glass 100 78% 131 *63 86 Hayes Mfg Corp_ 370 ' 130 64 *8 64% 64% *64 % 130 130 131% *130 135 Year 1043 Lowest 6 13% Jan par 100 6,200 14% 9931 Jan No par No Refrac— 63 63 *163 14 3b (M A) Co $5 pfd preferred 102 101% __ 3,200 J per share Par Hat Corp of Amer class A_ 6% 9c preferred— Hayes Industries Inc—. 20 6? 4 2% 102 *63% '64% 69c 1,200 105 6% 2% 1013.'j 5% "102 7 ' Hanna 142 105 Range Since January 1 Lowest Highest <, , '80 106*2 Range for Previous STOCK EXCHANGE - 15 *163 14 % >■ 79 78*4 80 *79 •/>:; *106 NEW YORK ■ *163 % i5 14*4 15 15 2% 64% t per share "140 6% 102 *63 163 163 *163 24 101% 102 6 per share 15 *102 7 the Week for 140 *5% 105 6*4 2*4 102 14% Sales Nov. 12 ' 106*2 140 5*4 105 64 *63 65 *63 5*4 105 2*8 2% 102% 15 142 *'136 5*2 5*4 "106 Friday Nov. 11 $ per share 106*2 xl4% 15*2 142 *140 142 < 5 15 15% 15% *140 *'106 106% 105*4 106Ja STOCKS Thursday Nov. 10 J per share I per share $ per share ■ ■ Wednesday Nov. 9 Nov. 8 Nov. 6 1065 Tuesday Monday Saturday Monday, November 15, 1943 49 Jan 71 July 14 Jan 118 Aug 16 79 75*4 134 30*4 Mar 100 Oct Feb 14% Nov Mar Dec Oct 48% Dec 102% Jan ' *18 18% *17 19% *19% 21 20 20 *37% 37% 36% 36 3 V *36% *13% •14% 13% 13T» 12% 13 117 29 37 % 37% 13 13*4 13*4 12% 12% - *18 : 19*2 37*4 12% •■ 18% 20 19-% 13 *116 13% *13 *18 18% *17% : I"' I ■ *116 117 900 Hires Co 900 Holland Furnace 13% 900 •••;•' . 117 ' 1,300 12% '' *38% 39% 37% 39 4 *43 43 % 43 43 13% : 12*2 13% 53% 53 53 111% 111 111 13% *53% *111 13 52 52 110% *109 65 65% 65 6% 1% 6% 6*4 X24 * 2 7% 7% 1% 1% 1% 33 ■./ 'SS53 . 1% 10 3 b 44*4 8*2 8*2 6% 8*4 10% 7% •■;• :/■■-/• 7% 16% 164 16 % 16 3 4 16% 16*2 16% 32% 35*4 32% 34 4 34% — 16% 36% : 87% 10% 10% 9% 10% 7% 7% *7% 8 *31*4 32 30 ' 114 112 112 10% 18,000 1,700 43% 340 77« 1,540 16*2 16 s« 1,900 35% 1,400 66% 674 171*2 171*2 1% 1% 166 % 170% *15% 4 6 165 169% 1% 1-% 15% 14% 65% *63*4 14 3 4 *65 27% 27% 26*2 134 *132 134 4% 4% 4*2 26 3 27% a 6 11% 12 12% 12% 61% 62 % 63 64 50 V* *49% >&■ *109 29 3 *28% *138 12*4 16% 30 143 28 28*2 108 *« *106*4 108 4 86% 83*2 86% 86 3 c *128*2 129% *128*2 *75 129% *135 15*2 83 *128% *28% 140 12: 27 *106% 14% 28% 28% 29 143 *11% 27% — 3,200 15 29 1084 ; 40 , k 200 20 12% 28 85% 3,200 129% 20 20% 10,800 55 55 66 66% 1,200 10% 10% 1,200 1,400 85 4 128*2 -- •' w //' • *128% ■—/.'■■ *75 54 55 55 67% 65% 65% 66 66 3 4 10 3 8 10% *10% 10% 10-4 10% 17 18 *,2 17 16% 17 *16% 17% 128 *123*2 128 123'b 123% 6 3»; 6% 7,200 22% 224 1,100 66 107b 18' 163 % Apr 74% Feb 8% May 5% Apr 12% Jan 8 27 , Nov 9 Jan 2 9 5 5 .19 8 9 21 ... //•:'. — / -4 %9c 600 Jones & 5 9c Chicago. RR Jail 109% Mar 151% Jan 28 40 July 27 147 8 Jan Apr 61 Dec May 166 July % July Mar 25 Jan 3% May 38 12*4 138 1% 24% Apr 126% July 14 13% Nov 1 ; 1 /'•■ 11% Jun 57 Apr Jan 5 63% Nov Apr / 7% 136 Dec Dec 15% Jan 43% Mar 60% Jan Nov 1% Oct % 3% Oct 46% 39 July 16 28 Jan' 44 Apr. " 5 38% July, 26 4 7 36 Jan 102% Jan 15 6% Jan 7 6% Jan 10% Jan 27 % Jan 'i 6 94 1% Jan 2 Jan 18% Sep 21 6% Jun Jun •2 32% Apr 3 145% Jun 10 34 39 96% Mar 30 July 24 21 100 126 Jan 27 stamped... 100 109% Aug 19 78 92% Sep 136 79 27 July 21 Aug 16 19% Jan % 7 26% Apr 6 100 54 % Nov 65 Apr 5 82 Apr'.76 64% Jan 8% Jan Oct Nov! 74 Nov 10% Nov 95 Jan 11 % Dec 32% Jan 138 Jan Nov 10% NOV 18% May 33% May 50 % May 322 Oct 104% 85 Jan 107% Jan 73% Dec Jan 129 Nov 17% Muy 24% Jan 53% 64 Jan 61 Dec May 79% 25 19% Sep Feb 23:; /%. 5 117 h Mar 9 2% Jan 8 Jan 11 7% Aug 12% Jun 4 39% Feb Aug 28 par 9 5% , -7*4, 88*4 .Apr 7% Apr 24% Apr 127 Apr 16% July,. 8 12 Feb 32 26 ,18 5.. 9% Jan 26 48*4 Feb. May May May 28 111% Aug 26 4 Jan Mar 26 16Tb May 10 7 7 par 52% Oct 115 Jan 39 Z July 14 16% May 10 ■;»: 14 >4§%y.pref';£erie3 B/COUV:^-,——100 joy .Mfg;-Cb—— 1 Nov 30Ta Oct' 30% • Dec Dec 4% 11 Jan Laugldin'Steei..—i—No Feb 23% Oct ...71% July 12 135 Dec 6% 11 70 pref series. A—— Jan 6 Mar 29 36% Apr 12 Apr par : 100 Sep 24 July 2 6% May 11 5 37% Jan preferred-i.-----100: Preferred Feb Dec 111% Feb 10% Jan 4*8 May 10 ;,' 3% Jan>■ 4/ No par 'JobhS';Manyille^Corp;--'--'__^No 18% Oct 16% 35 ; 9*4. Jan .1 - 177 8% Jan 2 45% Jan "2 1 (W BV'Co— 6 Oct Mar 4% 10*4 Sep Apr 67 130 Jan 100% Aug 5*4 Apr 5% May 74% Jun 9 23*4 42 21 Mar 29 9% Apr 177 Jan 90% Jan ,$6 preferred——— 2% 6 38% July 115 9% Nov May Jan 15% Apr 8 8% July' 1 26% Nov -1 Joliet "& 203B 68 May July 54 11% Jan 55% Jan 3% Jan pan Island Greek-CoaU— • Jewel,Tea Co-Ti;c_ 20 68 74 153 Jan 13 32'4 168 ■'/•'■• % Jan 100 Intertype-Corp——_No • Jar.vis 100 20% %%■>/■-•. ^ ,20% 7 July 23 78% July 24 100 1,500 54 *54 100*4 Apr 162 100 •__ 1,800 -.,//:>* 108% 56 55 Preferred 300 , 204 214 55 8 Nov 5% 6 5 ' 108 4 ... 85 —• 28 —No pur Foreign share ctfs——No par Interstate Dept Stores-..;;, No par 2,800 16% -'*14% — ••.12%// ••//%:•'•. *75 12*4 1% Apr 19*4 July 24 Intern!; Telep & Teleg_- 127,900 109 *138 — • ~ 400 12% 5*4 Nov 44% Jun 6 —No par International .Shoe—— ——Nonpar International Silver-— 50 19c preferred————————-100 ; 49 -*107% I4s-yv ,>/v44%: 29 % 27 3., .'•' :;/// 16% — . 100 600 120 1134 — *106*4 83%./ %■; 83 3» 129'2 128% •v *113 — •••; ; ' . Dec Jan ft Jan 8 6 Paper ,Co—'——15 coriv^preferred-——100 preferred-— International; Salt_— 3% 2 21% Jan 28 106 Jan 21 par —No par 5 9c 1*4 Aug 5% Aug 23 % Mav 6*% Jan Corp.;—-ii-1 Inter.Ry^.of.CentiAjiiui--—-No Jan Ja n /• 13 9% Nov —25 . % 2 16% ;Apr 87 —.5. ——-100 49c-, preferred——. 17 9 158*% Apr 17 62 Jan 5 —100 —•• — 18 Oct 34% Feb 32% Nov International 700 36 29% May Jan 56% Jan 20 %: 5% 3,100 42% , *114 16% 140 12 28 108 4 . - 10P . 30 5,200 60 *40 36 13 16*4 143 — 13 12% . F/4 — *47% 120 *107% *15 *75 20 21 *10% ; *75 •; 12% 12 28% *106*4 494 16 28% - 12% 12*8 27 ;> — - 24 Jun 4% May 10 par .Hydro-Elec Sys class. A Sep 2*4 Apr: 48 —No par Int Nickel of Canada—:, Preferred--hi— • 33,400 74 59 No 106 May Dec 16% May 31% May ——No par Machines International Mining • 36% 49% 12% 109 15% 109 14%/ ' *29 ;12% 12% 12% 7% . 06 Oct "44% 1 10% Jim 144% Jan 20 : 26,800 64 Apr 11% Jan International -Miii &; Cheni— 5,400 12% 63 3 4 30% Feb 7 par . 134 12*8 427« *113 12% *130 .... v" 4-// 7% 36% 49% <4. 59 *40 . 120 12 4 109 3 4 *138 4 143 *47% *113 13 *b 14*2 15% *14% 41% 7 58 36*4 120 15*2 17 109% 41*2 36 % 49 4 B 12% 144 *13% 491 12*8 13% *16% 41% *114*2 120 13% 4'•'■•; 7% 56'4 ' 35% 35*4 36 36 *109 7 56 *40 42% *40 ' *114*2 7% > 11% Nov 7 No Preferred : ' Business Int 4,200 ■9;r\ 27% Jan 2 International Harvester—-—No 4,400 4Tn 267 8 — .... 12-% ■. Int 220 1% • 4% /— — . 134 65% 61*2 170 15% 11% 6% 6,200 65% 62% 55*2 67 170 - 39% 4 100 Interlake Iron— 15,000 , .600 *63% 27% *130 4 1,500 6% 165 *14% 12% 8 658 *4 .— preferred Intercont! Rubber Feb 38*4 Jan Jan .-1 6% 66 — 65 % 62 % 6% .... 12% 74 Interchemical Corp.: 165 — 65% *61% 800 112% Jan Jan 1C00 Insuranshares Ctfs lnc_ 65% 27*8 131 131 100 Dec 115 37 — 31 *30% *112 — 44, ctfs series A 8 1% *43-i 4*2 :*7% 15% *63*4 8 Dec 18% Jan v Indianapolis Power & Lt—No par Industrial Rayon— No par Ingersoll-Rond —No par 69c preferred—————100 Inland :$teel' Co— :—No par Inspiration Cons Copper 20 • 8,700 1% 15 644 RR See 10 10% preferred series A——100 lines 4%—— 100 Leased 1,800 " 169 6% 7% 18% Dec 8*4 9% July 13 41% Apr 5 • - 7 1% 15 ' . 70% - : • — 66 169 "L% ' ' 168 65*4 168*4 168% ■ 100 ..Illinois Central RR Co— 1,700 162 70% 10 . 6r'ts *166 66% F% 44 27*4 65 ; 89% *161 — 112*2 6% 6% 89 — ~- 31 *6% 165 '■ •. — 8 • 112 • 6% 169% . 66*4 4% 66 65 16% *65% *132% 63 166% 6*8 7 67'e 170% *7% 31 113% 6 T ... . _No Hupp Motor Car Corp.. Jan Oct 11% July. 12 2% May 10 23% 10 9% 31 113% 8 ' — 72 8 *7% 67 6% 7 4>V 7 ■ 30% Jan 4 Dec Nov 29% Nov 27 July 12 68 % Nov 2 / /: ://■ /7% ;- 162 x72 9% 31 - 88% -:• /'•'■• *161 72*a 9% ■ 87% 160 71 31 *112 88 *.'4 160 73 4 2 2 10*4 ; 35% 89 34 Jan ii Jan 23% — '■/ 114 Mar 10 59% Aug 31 4% Jan 43% .... 4-/../ 43% 105 par 35*4 ■ 24 43% 7 7 • 104 *23% .. *35% 162 -100 Jan & Power Co.—No par 25 c 15,200 23 57% July 30 Houston Oil of Texas v t 11,000 9% 2 44 .——I 7*2 14 43% July 22 Jan 21% 29% Mar 30 14 23 17 7 7% 11*4. 5 8 - 444 9% Jan 7 — 25% 12 % Jan, 1% 9% 36% Jan 4% Jaa 7% : 24% 6 110 42%'Sep 20 45 July 2 22% Jan 1% ' 5 15 17 Mar 12*4 9 Jan No par No par -—*— 11 8 100 1% • 31 5 Houston Light 17 Apr 115% Jun -No par % 7 *24% 6 .—..100 7*2 *6*4 : Jan 12% Sep 8 Jun 22 115 300 1% 44*n 71% - 14*4 2,600 7 J/2 22%» 87 - 12% Mar 2,500 24*2 44 % *158 1% ■ preferred- 21% May 10 25% July 13 40% July 2 17% July 12 21 7 5 —.No par —100 12.50 —No par 2,200 ■7 11% 74% 33 7 //f/; 5'' t- 11,300 6 28% Jail —10 Household Finance 1,200 6 To (Del).— Class B 150 65% 6*2 -- 1% 110 654 ' . 32% *1% *108 . ■ — *6*4 26% 89% 600 24% 2 162 52% 6*4 11*4 89 % 3,600 24% 44* . — 65 '7 31% 26% •74 5 j? 13% 6% 138 *158 300 24% 734 1% 31 1% ■ ■ 25*8 7% 41% 52% — 110% 6% 6{'a 30% : 41 ^ 13% 53 6,400 13 '■{'' ^ ^ .'. - 38% (C E) The Holly Sugar Corp— 7% preferred—, Homestake Mining-—' Houdaille-Hershey cl A 10 38 4 41*2 110 31% 134 7% 26*b *41 123j 7*8 ;•'•:,■, 1% 1% *7 26*8 42 116 ' 38% 53 65% 31 32 32 38% 12% % 6*4 7 38'.4 *41 65*h 66 66 37% ; 12% 116 -- 14*/2 Jon 16% Jan 18 10 1 Hollander & Sons (A)- 123-t ■"/ 12% *116 Hlnde & Dauch Paper Co 19% 37 ' '■ 117 *116 18% *18% *36% — — Jan K . * 18% 128 123 % 7 *22 % . *123*2 6*8 7 15 104 *103% 13*2 13% 103 % 15% *108% *20% *12% *112 30% 104 *108*2 112 13 *112 19*4 12% 114 17% 32 5 21% *6% 21% 7 28% 32% '11% 112 x51*4 12*4 21% 21% 6 *'2 *6% 19% 30% 17*8 .;;/• *29 4*4 21% *108% 20 12*2 4% >; • *51 21% 12*2 *12% 112 112 30% ' 40 900 /"• 112 _ 19% 2,000 12% '2,100 11.2 30% 60 31% 17*4 *17 *29 27,200 17% 31 30% 4*2 * 4% 500 51% 21r8 214 22% 7 *6*4 28 28 27% 27% 28 32 32 32 . 11% 11 11 11% 11% 63% 61 61 11% 11% 62 63% 62 64 360 26*4 25 25*4 25 25 4 25 *16*4 17% *16% 17 25 16*4 16*4 2,300 16% *15 7 4% *1% 15% *29 *18% *34 38 3 o *35 *22% 114% 4% 1% 37 *35*4 23 *22% 114% 5 3% 3% 1% 1% *114 1*4 37 23 *36 22% 114% 114 3% 4 1% 1% 103% Feb 1 110% Aug 31 14% J1111 2 24% May 11 Kendall Co, $6:pt :pfd A Kennecott Copper—'—;— 102 370 . 100 16% Laclede Gas Lt 5 9c Lane 37 37 100 Lee 23 *22 23 500 Lehigh *114 114% 140 4 9o 4 4*2 1% 1% 9.100 1% 5,000 St Louis—-100 ! ..100 . No par Rubber & Tire—— Portland preferred—-— Lehigh Valley RR—— Lehigh. Valley Coal 5 % conv.. preferred Lehman Corp (The)—— _5 100 50 conv 13% 15'« 13% 14 14 14% 14 28 3 277 « 28% 28 28 * '2 28% 18% 18% *18% 19 4 400 35 7« 35 35 300 Lerner 38 37 37% No par : 50 Lehn & Fink Prod Corp__ *34% 194 18 18% *18 34% 34% 34 34 37*8 38*4 36*4 36 7 u 64 6% 6% 6% *36% 38% 6% 36 6% 36 For footnotes see page 1955. 36 18% 36 37 6% 37 6% 38 6% *37 14 28% 6% 39 3,800 • ' 4,300 4,000 29,100 500 Stores Corp par 25 Cement— 28% 36 Jan 29 113 Apr 24 354 Apr 8 1 5 No par Libbey Owens Ford'Glass—-No Libby" McNeill, & L*bby_— Life Savers Corp—1 par 7 8 Apr 11% Feb Dec 100 % Jan Jan 11% 93 % July 10% Apr 103% Dec 14% Dec 7 4% 100 26% . Jan 9 Jun 7. 2 20% July 15 11% 34 July 15 24% Jun 1% Jan 13 6% July 26 1% Jan 34% Jan 12 18% Jan 2% Jan . 11 4 . Feb 17 * 22Tb Jan 22 Jan Jan 7% Apr 41% 11% Jan 18 Dec 11% Dec 28 Dec 19% Jun 18 39% Oct 30 Jan 4. 29 107% Jan 27 2% Jan 2 Oct 120 6 Jan 29% 21 % 7 2 3%, 27 Apr 19 11% Jan lilJan Jun 191'2 May 22% 16% May 21 73 11% Jan 2% Mar 29% Jun ',7 4 27 Feb 40% 7 26% Jan Jan 2T'fl 30% Sep V'v .Jan 20 29 24% Sep 2 9% Jan Dec ■15% 63% July 29 '• il7% Jail 35 Dec Jan 37% Jan Apr 7 Sep 105% May Jan , Oct 7% Oct 29% Nov 6 81% 15% Jan " 124 May 25 • 13% Dec ' 16 28% Jan No par (The)— 15% 38% 16% May 11 84 Jan •4 —No par Bryant————No 37 1 Co preferred—. Lambert Co 29% 4 20 - con v pfd., 100 Kelsey Hayes Wh! conv- cl A—1 •. Class, B-™—: 1 Kelt h-Alb'ee-orpiieum 114 4*4 12 Sep 6 10 38% Nov 17 3 25% 23 Sep 104 30 62 115 ,. 17 2 2 Jan 11% Jan 32 % Sep 11% 23 33 6 7% Jan 83 —5 .Co——_ 10:% Apr 64% *37 Z 6 32% Nov 26% -114% . % Apr 4 64 *2 8 1 preferred—100 29 13;. Jan Aug 10% Apr 26 600 7 26% *1578 conv 127 23% Jail • *6% 5 9c 20 100 ■ 2; 2 .24 4 Feb 2,300 32% 7 Kaufmann Dept Stores™ Kayser4 Julias} • Kroger Grocery & Bak—;—No par 290 28 32*4 preferred—-4— 122%. Feb 3,900 2,400 51%','. : 32 4ri"non-eum 19 Xl2% Jan :/ 6% Jun Keystone.Steel & Wire Co..—No par Kimberly-Clark'-Covp^-—■—!No • par Kinney (G;R) .Coh——___1 $5 prior-preferred-—-——No par Kresge (S S.). CoL———10 Kresge Dept 'Stores——22 1 Kress' (S H) &'Cdii_—__-No par ^^4- , 51% 28% Kalamazoo Stpve jfe Furn___ 10 Kan City -PArL/pf- ser B——No par Kansas City;-Southern -—No par 1,400 '•■'- 4% 32% . 10 300 1.4 15% 28 , . /Z/v 104 - 15% 112 112 303B 52 104 193a 114 3% *12% 15*4 *108*2 19*4 17*2 55% 6*2 15*4 X32 • 28% 32 % 14 104 31 53 3s . 23 *12*2 *16% 4% 4 *103 ;i4 15*8 *29 21% 56% 22 3 6% 13 17 4*4 *55% 304 6*4 104 31*2 *29 38 *4% 12 *110*2 30 3 i 1634 *16 3 4 *30*8 13 15*8 '108*2 30 30% 22*i 20 12 114 22*2 112 19 20% 6% *103% 15% 15% 15% 6*8 22 % 22 23 *1334 . * *123*4 128 7 17 July 17 July 20 8% May 19 2 % Jun 5 8% Mar 15% Apr 18% May 104 :\ 13 May Sep 23% Jan Aug 113 2% Jun 4 8% Jan 15% Aug 25 Dec 1 20% Jun Apr 1% Jan ! Jan Jan Dec 12 32 17% Apr 14% Jan 6. 224 Jun 26 11% Apr 14% Aug 23% Jan 8 37*2 Sep 17 18 Apr 26% 20% Jan 33 34 Dec 17 4 Mar 5% Jan July 26 20 Mar 24 31 Jan Jan 12 2 4 July 14 43% July 15 84 Jun 41 33 Dec Jan Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 LOW Nov. 8 Nov. <» S per share AND j per share $ per share , STOCKS Sales for Nov. 13 Nov. 11 Nov. 10 $ per share 5 per share v Friday Thursday Wednesday Nov. u . PRICES SALE HIGH Tuesday Monday Saturday the Week 66' 06 X64% 66% '•'65% a 65 "63% /: 64 3 4 > Range for Previous STOCK , Range Since January 1 Lowest Highest ' _ Par S per share • Liggett & Myers Tobacco.,- 400 25 66 Vb 66 5 b 66 66'4 179 178! 27 26'2 26! 33: 30 33 ■-37 38% : 37 37% *18 7 18% 17% 18 *26% 32>2 • 66% x64% 178 % % 31 36% 37 17% 2 ■% — . ; 373 '37 19 13.14 15% : 13% 14 14% ■14% 53 57% : ••. 53% 55 5412 55 44 44'-4 44 44% 42% 42% 42 3 4312 4 19% 18% *7% 7% 7*27% 728%' 13% ' 7% 6% 27% 28 1G7B 16% 16% 16% 15612 157V2 15714 158% *21% 21% 213 4 21% 70%' 67 % 70 70 W .; 7 % '%%"■ '4''"' 16% 163a 16 % 157% 158% 21% 21% 21% 21% 67% 68 67% '68% — i1".?- 24 Jan 7 Link.Belt Co— No par 34% Jan 19 No par No par 12% Jan 4 Liquid Carbonic Corp Lockheed Aircraft Corp Loew's Inc 2,800 Lone Star Cement Corp 2,700 Long Bell Lumber A Loose-Wiles • vlVU 7.000 Lorillard 25% 28% 28 3 i *13% 32% 30% 31% 1,700 27% ' 28%', 27!a 28 13% ' 133c : • . 13% V *138 ,.0 28% 28 >;• *13% :. 13'%:.: 16 16% 375 >' ■ 27% . "y\. *13% . : . . : b 5% 5Tb 10% 6! 5% 6% 10 \z *10% 11 17 *16% .9% 6 6 17% 6 ■■ 6 20% Jan 12 11 11 '*18!« 18% 17% 18% 2% 2% 2% • & Forbes,— preferred—,: ,.10 ■■"' 5% *£ v 2% 2% ,c 2% 2 Va 133 28 5% 5% 5% 5% 5% 1.3% 14% U:% 14% llTa 13 14 14%. 13% 14%:. 13% 13% 15% 16% 15% 4 % 15% 2%; 31% 5% 5% 12% • \ 5% 5'a .: 15 ,..•'" ,1: 5 11% Apr 128 July 24 55 ya Apr Sep 29 May 15% Apr 138% Nov 6. 122 8 "16% 4% 36% V 22 2134 *171 % 35% 27% 26% 2V>a 20 174 ' 4% '4% 4% 'H 35% '..24%;; Jau Nov • 4 14% Alay 19 10 24% Mar Mar 15 '3% Jan 320 2 6% Jun 9% Nov 19 6 1% Jan 27 1 5 Martin 3% Jan 2 Jan 9% Jan 5 2 15% Nov Market St Ry 6% prior pfd 100 Marshall Field & Co No par 8 D 13% Jan ' Dec 11 727% Jan 2% May 11% May %■ Alar 8% Jun 8 8,500 21% 21V4 21 % 174 53% 5% 4% . 5 30% : 103 __ *39 . , .'•:; ■ 1 _,.Aro par A'o 10 May Department Stores 4,900 Maytag Co $3 preferred $6 1st Cum preferred i 400 108, . 3% Jan 31(2 May 5 4r!a Jan Alay 2% x6!b 20 18 »b 18% 15% 15% 113! 2 llS'.'a 15 15% *108 18 113% ; 25! '4 18% 14% lBTa 113% *105 ^'">7 v: , >15 %':, 14Tb 14% *105 20 165 Jau 25% *25 25% 25% 14% 13% 137u *13% 14! b *13% *46% 47% 45% 47 ■45% 45 "2 46 46 23% 23% 22% 23% .22% 22 7« 22% 10 3 u 10": 10% 10 : • 37 Jan 2 Jun 3% Jan 11 Vb Apr 12% Jan 17% May 3% Sep 22% Alay 2 % Jan 1.4 *112% i ' *112% 113:: 113 *80 *112% v" 7% 8 •:.*7% 83 113 73» \ 80 80 ^.4 26 Va Jan : McGraw Elec Co,_,_ v;j : __ 23 !4 7,300 Melntyre Porcupine Mines McKesson & Robbins Inc 10 !'4 1,500 McLellan Stores Co ■ 72% ♦112% 113 ^ *75 - 40 - 7% "■■-z-..7%"' v-'• V„\.: 71% 30% : 70 30% 7 ' : 31 35% 36% 35 35 k: 25 24% 24% '\vr 734 *7% 8 *36,% 37 36% 36% 27'a 25 25 ♦23 28% 27:% 28 27 ■:■' 7% 70 30% 70 . 31 • 71 71 32 ••!• ' 7% -v „ •:-. G'/o 50 $6 ; preferred conv 32% a, 7% ' ' L "rl " 7% • : 35 *33 — 700 1.800 24% *28 7 27% 6 6% 25 534 % 29 " 69% •.V ' 67 25 : 27 26 210 : 5{M preferred, 1st conv — 67 !i 67% % *106 108%' V' *105 108 *104 108 112 *108% 112 *107 112 *107 1,400 Mesta Machine 5,700 Miami 6,800 Mid-Continent Petroleum 1,000 Alidlanci -.150 d'o 251,4 25 7 a ; — v;- us %'c: 25% ' 118 . ; 67% - 108 *104 67 % 1,200 1st par 5 Co ' j,' 6 % •5% *87 19 • vu 1% 63a ' 81 No preferred 106% 58 107 .109; . No par .,100 87 18Tb 718% 5% 28% % 7V; 300 7 5% Mission Mo-Kau-Texas RR—1—__—A'o par 7rM 20.300 28 % 79 : 117 *113% 117 7:;*ll3TbT 117 10 ."■*117 122 *117% 122 *117% 122 110 X107 107 80 110 110 *109 79 X78% *113% . 80 *78% 108 108 108 $4.50 series C_ Montgomery Ward & Co *35% 42% . 36 43% 44:7 42 35!'* 43% • 35% *35 42% ■". 42% 43 *35 36 36 *35 : 20% 21% 18 Va 21 18% 20% 19% 20 3b 14% 14 % 14 14% 13% 13 "a 14% 15 16% 161 4 T6 '■"■16:% 16% 16% 16 !b 16% 26!4 26% 26 26! i 24% 25% 26 v -'-•■ 4% , *63 *20% 76 3 * 76 267 3;'b 70 21% 78 />■: 76 -■% 21 • ' 9 8v4 Vv 8% 9 42% 9 :: 115 *114 115 • 43 *112 4 8% 76 1,400 ' *112:' 114 7.74 '8Tb 114 42! 2 7 : 8% 8% 43 Vb 8% 43% *42% *42 42%. '• 10 6,800 : 42 Vb ::7 400 14T» 8!b 4 '7 174 7'7" 9% 25% 7:77 ii 11% 12 18% 19 11 1 25 3 28 7 4 . 27% ■• 89 12Vb; 7 18% 12 % "11 11% 30 8!b 8% .'• 18% is *28 17% '29 . 17% 1 17% • 172 *"171 "144 17%. ,7. 28'%... .16'b 4.74;, ■ yy — ; 5! 28 ,7: ' .... f: 17% : .7 -4 • Vv "-I- 44 7! 4 28% 6 5% ■ 57 ... 75 75 . . 5% 5!b 8% 7 8% .4 26% .82% ' .74 11 25%. ; ■ 83 % 74% *83% " •' 47b 5% v , 9 8-% • 4% 8% 56 .'• '•• . % .25 74% 83% 83% . 56 11%. ,,25% 74% 25 73 ' .83% 55% .55 .10% 12 10 3 b , 7 83% 56% 7 55 • 712% 26% 726% .12 4% : 9 .-•"V 4% 7 *8% • • - -• 4-V "7.4 r;- 11% 7: :7 v: ■— 25 Tb ' : -4' 74% •■• 7-'J4' 83%' .4 V'"J4 4Tb ' ;7:4-9 ■:■: > ■■ llVb ' 31% 13,700 1,000 ' 8% 10,900 87% a 10 - 7 14.800 18 'Su '7 '4; • i, '• - 55%' 56Vb ' -7--•■•/: 11. 7: 7" 253b _r.iv-.v ■•'v.. ■' v v.--" i: ' 7412 4,000 ''■ 75 ■'. *83%- .83% 4%*. // 15,800 ' 4Tb 1,020 .7 90 : ' 7 3,300 . National Steel — Corp——.—__25 National Supply (The) Pa———10 $2 conv preferred 5!4% prior preferred 6% prior preferred —40 100 -.100 National Tea Co X834 8% 2,500 12% 7,800 Nehi Corp No par Natomas Co 123a " 4 No par 7.12% 13 3 22'a • » 7 22% *22% 23 *96 98 *96 98 53 *50 53 12! a *20Tb 12 % 22 % 12% *21% 12% . No par 22 Va " ■ J *50 -98 , , *50 98": 53 98 *50 ; 98!'2 44* ,i 7 53 " • *21% -22 ":7 *96 100 *30 V.*-- • : 100 30 53 *108% 111 *108!b 29% 30 28% 16% 17 15 3 111 "108% 111 *108% 111 •' '• *108% 111 ::: ' 7*28% 17 20 3b 28% 29% 16% 29% 4 16% 16% 17 14% 14% 14 Va 14 7 . 7 29'b ""■: 16% y . 29% lGTa ' 15% *15% 98 *95 For 14!b 15.% 94% 95 footnotes see page „ .' *94 1955. 95% *94 a 95% "77— ■■ yy7 14% *94 2,300 . 14,900 14% 5,000 95% 200 1 Neisner Bros Inc 4%% conv serial preferred—100 Newberry Co (J J) 5% preferred series A ~ No par — Newmont Mining Corp Newport Industries Newport News Ship & Dry $5 cpnv preferred No par i 100 —10 1 Dock.—1 No par Alar lib Oct 1% Jan 12 % Feb 18 Oct 91 Jan 66 4% Oct 50 110% Jan 23% Apr 34% Dec G 28!a Dec 48Vb Alar 7 12% Dec July 14 ; % Oct 39 8 Mar 29 Jan 2 Sep 73 50 Aug Feb 4 1% Feb 27 11 30% Jun 1 Dec 1 8 12% July 14 23 176 7 July 16. Sep 14 3 Apr «5 % Jan Feb Dec 113 Dec 6% Nov 39% Feb 3Vb July 7 ■ Oct 29% Nov 19% Oct 5Vb Nov 8% Dec % Alay 9% 13 Alay 16% Oct 140 Alay 166% Jan 16% Dec 24 12% Apr 10% Sep 9 24 11 29% Sep , 6 21% Jun 3% Jan Jan Oct 5 Tb Nov 20 Dec 13% Aug 23 14% Alay 10 34!3 Oct 26 15% Sep 11 % Sep Jan 2 Jan 13 Jan 6 Jan 13 20 22 29 % Sep 30 Jan 12 Jan 4. 11% Jun 4 90% Nov 3 19 % Alay 27 6% Sop 12% Apr 4% Jan 8% Alay 17% Apr 14% Mar 3% 60 9% 9% Nov 26 Sep 18 Apr 6 Jan Nov 72 11% Apr Dec 15% Aug 7% Nov Tb Dec Alar 16 Vb Jan 1.78% July 13 145 Alay 168 Jan 28 129 Alar 146 Jan 150 Jun 13% Dec 17% Mar Jan 4 29 % Apr 36 7% Jun 7 1% Apr 22 36 9 106% Mar 31 26% Jan 2 10 2 Jan 114% Nov 8 94% Nov 8 108% Sep 4% Jan 3% Jan 14 74% Jan 37 Jan 11 69% Jan Alay 16% May 13% May Jan 15 2 5 2 4 5 2 2 5 7 4 4 49 7 21% July 23 Nov 17 29 14% Jan 2 6% Jan 13 9% Alar 16 2% Jan 52 Jan 5% Jan 14% Jan 57 Jail 62 Jan 2% Jan 6 Jan 9% Jan 10 Jau 63 15% Jun 13% July V*. Jau Jan 11% Jan 40% Apr 4 14 160 137 14% 27 % Jan 3 11% July 19 12% Aug 23 9*a Jan 4 , Oct Nov 25 44 7 Jan 11 25% Jun 117 7 2 x25% 17% 6 70% 29% A-Iar 12% Jun 79% Sep 22 Nov 12 Jan 5 Jan 9% Apr 20% Aug % Jun 26 7 1 Jun 18 6% Jan 2 23% Jan 2 Jan Jan Jan 77 Jan 2 Jan 7 Jan 5 Apr 13 July 3 5% Jan 2 34% Jan 12 8% 15% 162 16% 5% 18% 6% 23 2% 53 15 62 111 Feb Apr 11% July ' 13 Vb.., *13% ; 3 No par Co 67 143b Nov 102% 114% Aug 24 2 —10 Co 5 92% Jun 30 5 % Jan ..100 ..100 National" Power & Lt 6 Jan 31 No par preferred B 3,400 11% 11% Apr 30% Nov iVr 7 .'—1 — National Lead Co National Oii Products 8% Apr 4 18% Apr No par preferred A—'—— ' 26-. Stamping, National Gypsum. Co $4.50 conv preferred Nat Mall Vfe Sl'I Cast 10 Oct 3% Dec 5 No .par —No par G7" preferred 10 Nat Distillers Products,/.—No par 7% 300 July 23 July 3% Mar Oct Ill Jun Dairy Products 6'.* 17,400 98 25 Dec 103 . 17 1 Nat Enam & 103% Jan 1% Alay 57% Jun Oct Nov 59 !a Jan xl07% Alay Dec a 27% Jun National Dept Stores 80 2,100 ...> ' - Cash'Register 150 v Apr 21 Feb 4 8% Feb National Cylinder. Gas Co 100 •: . 27-Vb ■ 35 % 6 23% 103! Oct .,100 A'o par 10 No par National Can Corp Nat Alay 19'% 16 % Alay 88 V* Apr 120 10 Corp: 7!b Jan 12 % Alar July 19 19% Apr Nat 3,200 Apr Oct 117 Vb National Container—,——■—1 11,200 5 9 2,700 • 8 xl3% Nov 2,400 19% v. & Share Jan Alay Alay 5 preferred Bond 30 Vb 10 National Biscuit Co Nat Oct 24 —1 6% conv preferred Aviation Corp National 7 c!o 33'a 6 Apr Dec Alay 1 Co Acme 5,800 . ■•:—; 9,700 .. :./7', 171%;/ 171% 4 .■■>;" : 144 145 ■' ". 17 4 4 17% ./• i*26 y 28! 2 7 "% " /." /"5% :■;. 5% ' 57 7 : •412 Vb *85! . - 11% 7":::4 17% ' 17 Vb :■•■:•• *27% 8% 11% a7 8r% • 4'- isss 500 26 7 7 *27 a 7 '' 4, 144%v 7 • ■.:: 16% -. 5% a ■ 163b ii% 30% V- V-7;/' s: 900 173 12 171V 144 16% 273b . 6la 5% " - 78% 17% 145 % 13,000 19% V87% *171 172 145% 28:% 6 6 18 173a *85 Va 88 *]44 16% *144% 145% 7. •*17% *84 20 Vb 11% " *171 171 171 88% 2,300 20 8% •- — 313b -. 10" Xll% - , 277a 8% Nat Automotive Fibres Inc 8 10 Va 25% 11% 29% *26% -• 26% 4,600 7% 16% 19%' 12 National *167 ' ll3b 26% 83b *85 89 • - '•* ' 2,900 ;-*9% - — it%; • 8Vb ' 7 - ■-• 26 Vb 12 729% 7 . 9 25 !b 11 Va 18% *11 & 31% 27 77 ' 14% 29 21 110 100 Louis k St. Chatt Nashville Oct 22% Jun 1 112 No par 5 Corp,—: Feb Jan 6 3 8% Jun 10 illlltll 1 Liquidating Co 7 400 10% :■ ■ 12 11 Ya 11% 39% , 9 Nabco ■ 32 Alar 19 1 preferred .—No par Munsingwear Inc ; —A'o par Murphy Co 'G C)—_——A'o par 4%% preferred--—...—:—.—,100 Murray Corp of America 10 Myers (F E) & Bro —A'o par Nash-Kelvinator 772 . Dec Apr 29 $7 30 • 7: v'4 ' 11% .718 12r'b : — — ' 25% ' 8 Tb 900 46,100 Alar 119 21% Jan "14 - :.V77274 ■'7 "17Tb a 8% 9 0% 7 ;■ 25 . 173 *16! 18 -11% 19 2 *165 174 '.;4 :.:7„' 20 10% *11 31V* 197a ll7a 4 V • 10% 20 ' a : 10 11% 111 11Tb 31% 1% 10% Jan 7Vb May 77 July 30% Sep 21 31% Jun 7 9 1 *2934 7 ; 8% 8 10% 10% *16% a. 18% 4 *114- *27% 1% 10% : 7.-I 14 93i 9!b 25 11Tb 13% 10 *167 18! 8% 9% 11Tb 131 ■■■ ■: 7i- ■ 30 Va 19% 174 17 % X30 8 7% 20% *167 187a *12% ivi:- 105a 97« 10% 25 % 4 1% $' 10% 137a 10% 11 20 11 *18% ■••:■: 30 Xl3% Tb 8 7% ' 21 *169 14 *10'% : 10 Tb 4 11 11 1% 10 !b 97-b 29% 31%' 14% 4 78.%:;'.: 21 '• . 103 121 ' 32 14Tb, 7'4 *1% ' 11' 10 30 lb 32 *10% 1% 1% 1% 11% Dec 7% Jan Jan 20 xl07 Nov 9 33% Jan 14 31% Jan 8 13 Jan 5 No par 8S ' 1% HVb - - Dec 34% Apr 9% Apr 114% July 22 Mullins Mfg Co class B—— 20 100 Nov 15% Jun Dec 4% Dec 9% 32% Alar 118 Co 5,600 . 42 2 5 Brass 6 Jau 39 94 55 Jan 24 Vb 20% Jun 6 12%.July 4 G 7 Corp Mueller Wheel 4 Oct 14 108!* Oct 78% Sep 27 34% July 8 9% Jan 7 11% Jan 12 Motor ' 42% —A'o par 50 & Co Essex,-—..— & Motor Products Corp 70' : , John) i Morris 1,700 7 r 3% *03 •7/21 . 1.400 . ' *114' 9,230 par _A'o par No par 2.300 16 V* 4 - Morrell 100 " 14Va • ' *76 114 47: 7 % 776 4 . 47: 26 ■: 7 ' 203b ' 16% • : 8,500 36 19 % .14%' . 27 7 *21 114 21 1 1GV* " 3Tb 1 68 21! 2 73 *20% 78 3 Tb 3% 68 *68 *20% .421%' *76% :4V'*' 3% 44® 73 *68 42% 4;:.'42Vb' 12Tb Apr x5% Nov 64% Oct Feb 128 Jan 4 76% Feb 8 110 Feb 19 Apr 14 / 113% x78% Nov 10 A'o 8 Nov 7 Dec Alar 26 10% Apr 3% Jan 4 17% Jan 12 A'o par $4 preferred 130 ' 43 Chemical Co preferred 115% Aug 89 % Jan ,100 20 Preferred series B 108 . preferred series A Carpet Mills Monsanto 1,300 118 122 7 10 Corp Mohawk 1.500 7 7 80 •*116 122 par 1,500 6 % 28!i 29 9 5% 4 3 Jan 2 ' 64% Jan 17 13% Jan 13 1 4.600 134 '• l!a 5 Tb 5Va 29 " 118% 1% 1% 5% 27 T a ; . 88 % *18 Vb 87 100 Minn Moiiiie Power Impl— $6.50 preferred ! No 9.400 5% ■:•.75% *85% 85 1% ;.4% 7b preferred series C 3% Nov 22 101 Jun 9% Jan 9 20% Jan par 100 . :Pt 112 *107 - . 5% 5% 19 1% 6! 4 - ,*il9%: 116% *119 116% 5Tb 18% 7 30 28% : - • ; 85 1% 5U 30% ' 81 19 1% 6!b ♦29% 7 86 !b 18% 89 *18Ta 5 6'a 8612 6nb: . 2 Sep 30 Jan 5% Jan 18% Jan • 112 -- Jan 11% Sep 18 Jan 13 26 —5 10 Minn-Hor.eyweil Regu 4% conv pfd series B. 108 v -No Co, Products-.. Steel cum 1 % 73 Jan 46 %• Jan 13% Sep 25% Jun 28 Jan 15 Feb 9 Jan 2 25 Jan 4 24% Aug 24 50 Copper .24% *■'* ' 28 6% 67% *104 *108 :i ,, ::: Min Trans Merch & 600 28 : ' 27 118 113% Oct Jan 6 67% 60 27 4% 1 1 26 :■>•-:6%: y.n. Sir * 25% % 118 119% : (6.% G1^ ■ 25 25% 119 69! '2 69 6 24% , 120 ' 120 5% ' 27% 26% • . 121 % 69% 25% 23% 25% *27% *120% "... 6% 28% i ' 7 7 Feb 24 101 100 Aro par 25% —: Apr 6% Jau 13 A'o par (The) Apr 31 27 % Aro par Mengel Co 162 29 series A,: preferred Jan 16% Alay 19 ' ; .17% Sep 21 29% 176 50% Apr $5.50 pfd ser B w w__ Melville Shoe Corp 210 •72.. *31% .7% 7% 22% Aug 18 * 19% July 19 % Jan 13 1 5 Mead Corp 3,200 83 .-• --*67s8 32 H 22 Nov 8% Jan 11 38!'4 Jan 7 14 % Jau 27 —No par " 72 *30 Oct Sep 29 Dec 25 !b 13 McGraw-Hill Pub Co, 900 " "*46 , ':•> !./'? 83 7% May 29 36 110 Jan 34'* 1 800 135g i'r > : 1 13% 46 3 4 10 7% : *77 700 13 6 Va Oct Aug 19 10 Alay 99% Aug 14 Apr 6% Jan 11% Jan 104 Jan 1 .100 223i ' . 113 7% • 82 McCrory Stores Corp,,. 57(7 conv preferred w w 25% 25 ■ v_V-.w^'vV>' 14% 113 7% *76 , 'v,' 9% 9% v 100 Sep ~ 10'u 253 25% 4,500 60 21% Feb 4 100 Jan 9 12% Jan 16 par A'o par : 27 % Mar 26 176 Aug 23 7 No par -No May 27 July 17 Nov 8% 7% Jun 7 43! b July 16 2 McCall Corp.—. 115 *105 22%' *10% .-jJ 32 .5 ._1Q 1,200' T5!4 15 r •; 1.13%,:...: 25%' 19% *19 % <. 8 ,,100 ' *19 24 1 11 20% Nov par " Dec 16% •Jan 4% Jau 18% Apr 15 July 14 xl7 5 Jan 22 1 1,100 31 . *102% par __Aro r 5!b 5% .. vji'-: • 108 -u *102% 2,900 : 'iiv; 31 31 30% *102% Co 54% 174 *172% x5434 "x'f- '.5 5 - 31%' 54% 54 1,300 21%' : 21% L) Martin-Parry Corp Masonite Corp Master Eleo Co Mathieson Alkali Wks 7% preferred,,,: 500 25 25 ; :■ 10.400 ■' 35% *35!% ^ — 174 174 53% - v (Glenn Jan Alar 15 12 Sep 23 19% Apr 5 4% July 14 6% July 13 ■ 2 14% Jan Maracaibo Oil Exploration, Marine Midland Corp 131 353u Jau ,25 6,600 "4% 4% . 35% 24% "171 112 • — 35% 23% 21!» 53% *102% 4% •:: ■ i 23 174 29 32% 112 -16 3 a 15% • 35! i 21% 53% 5% 5% *31% *105 ' 36 -24::% < *l-7l% 53% 53% •-, ■■X.'AU %:.4% 47b *36 V Jan 23% Jan Dec ' 16% Jan 21% Jan Aro par ; 16 Va 15% 18% 76% 17% Apr 10 l Mandel Bros 7,710 ■ Dec 16% Nov 153 Dec Alar 11% 79 Jan 7% 19% Nov ; 30% July 15 Manhattan Shirt,, ,14% 1334 ■ 421 b Alar 2 > 17,400 13% 13 13%. 13% ,"14% . Jun 2% Ma r 28 19% Jan A'o par •__ - 3,300 Dec Jan 46% Dec 26% Dec 16 , 16% 24 % Jan 22% July 19 JulV-22 320 800 11% May 14% May 37% Jun 28 10 400 12% Oct 2 50 17% . Feb 37!a Nov . Jan No par .2% 17% Dec 37 . 163 % July 22 8 100 .—No par j._ Magma Copper,,.: Mahoning Coal RR Co, Manati Sugar Co__. 11 *10% * xl7 32% 26 • '*11 Jun - Madison Square Garden, 6,500 Oct 21% Jun 8 900 ; 31 12 15% Jan 59% Jan 2,400 375 ■ "61b 5,000 16 23-% Nov 177 25% May 9% Jan 11% May 10 148% Jan Mack Trucks Inc,;— Macy (R H) Co Inc. 3,300 13;% 16 *280 16% 4 13 7 — ' 375 *280 27% 6% Feb 18% Jan No par 25 16% Oct 6% 30 31% 11 37% Jan ,10 MacAndrewa 1 800 , 31% 31% : Apr 22% 64% July 24 .51% Jan 6 21% Jun Jan 16% 25% Mar 29 7 No par- '' M 7 *138 . 31 13% *280 375 *280 : "16% 17 16% 17% 375 *138 25% 2514 *'ZL ' 25% 25 25% • 1334 *17 25% 138% 30% 33 *280 25% 25% 138! 4 25% '.Vf '• 33 8 I'M preferred 100 Louisville Gas & El A——No par Louisville & Nashville 100 240 .1,400 70 Co 6 13 % Nov Jan 74% Apr July 20 21% July 27 15% Jan par .: 73% 164!a May 27 42% Jan l —No Biscuit P) < ■ "138 _ Highest $ per 3hare 50% Apr 50 Va Apr 43 Lion Oil Refining Co ■ 16% July 15 44 2IV4 "68% . 4 159% 21 • ■ ' J, ' 22% Jan No par 1,700 6% "157% % *157% 159% No par 6,900 27% : S per share 73% Jun 4 182% Aug 1£ 28% May 27 2 Lima Locomotive Wks___ 18,000 - 43% *27 16% 2 Apr Lily Tulip Cup Corp v 14% 63i . ;.•• ••."•: - 174 1,100 55 ' 4334 300 63% Jan 100 1.600 14 ^ 25 Preferred 71 1,400 54:% 7 40 5,200 18 T a 1878 - .. 16% . 18% •'::v,-'': ^ 27% *27% 28 27% 4 6% 6% % 6% <;■ 31 ■ 19 15% 57'2 19 32 37 . ■ 26% 18% 77y-A ' - 15 ■: 31'% 4 Series B— 6,767 26%. ,iv 18 18 57 Yz •19 65% 178% 3212 17% 18% ! ..... 27% 31% 30 \ ••'26' 27% "26% • 2 65 178 % "177 65% 178% .66 *177% 178% 2 •S per share 62% Mar 25 ■ 179 Year 1942 Lowest ■ ' 66% *66 YORK EXCHANGE Shares $ per share - NEW 1951 ' rMay 27 64% July 14 15% May 28 28% Jun 80% Jun 88 Jun 7% Alay 2 43% Alay 4 9% Nov 3% Jan 54 Oct Alay 6% Jan Jun 16% Feb 1 45% Alay 63 Feb 2 51 Alay 70 Feb 2% Alar 4 Oct 8 5 4%, Oct 9% Feb 19% July 14 5% Alar 9% Dec 10% Apr 25% Oct 1 98% Nov 10 ' 57% Sep 114 17 Aug 5 11 Jan 17 Dec 75% Sep 28 Apr 39% Dec 104 Alar 110% Dec 0% Alay 22% Apr 7% Apr 30 lb Feb 19% Oct 25 ll3* Jan 21% Mar 30 15Tb 20 7!. Jan 109 Vb Jan 3712 Apr 8 Dec 93% Dec THE COMMERCIAL & FINANCIAL CHRONICLE 1952 SALE PRICES LOW AND HIGH Saturday Nov. 8 ( $ per snare 35% *34 33 33 34 $ per share x34 34 16% 16% 16% 16% 108,500 18% 17 17%,. 17% 18 17% 17% 2,100 55 55 56% 55'A 56% 22% 23 53 % 57% 23 21% 22% 21'A 21% *22 *9% 11 10% 11% 11 11% 27% *25 129% *128 130% 135 *129 136 *127 *128 *10 28 136 *128 13 % 46% % 47% % *% 11 !;! 2% 2% 2 V« 2% 2% 2% 2% *% % % % % % *% Iff • 14 47% 48% 14% 17% 17% 15% 17'A xl3% 14.% *33% 34% 33 33 *33 34 *33% 34 183 182% 183 181% 185% 183% 186% 186 *121% 124 14% 16 15 52% 52% 53 51% 51% 51% 124 "52% 51 % 15% 52% 53 % 51% 9% 8% 9% 100% 100% 100% 11% 114% *17 17% 16 17 38% 38 38 114 4% 40% 13% 13 % 20 5 6% Jun 12% Jan 27 11% Jun .100 17'A Feb 31% Jan 27 26% July 23 74% July 24 35 Dec 51 Feb Omnibus Corp——No par 14% Jan 5 26 10% Jan 15% Jan 6% Jan 4 6% Dec 16'% Dec 17% *51% 500 700 9 11,900 101% 70 12% 13% 45,700 *113% 114% 20 18% 3,100 40 3A 60 18 38 4 31,800 , 52% 8% *100 18 *38% 3% 4 % 39% 39% *38% 40% *38% *12%. 12% *12% 13 *12% 4!A 13 560 53% 13 Ve *39% 6% 4% preferred series A N Y City New York Dock No par 16% Jan 63% Jan 7 4 4 'i 1,800 40% 10 13 200 preferred 50 N Y Lack & West Ry Co 1NYNH & Hartford Conv Y Shipbldg Corp part stk Noblitt-Sparks Industries— Western & May Apr Dec 110 Feb May 109 Feb 54 21 Nov 1 53% Jun 10 80 23% Dec 1 A Jan 1 % Jan Jan Oct 12% 6 Mar Jan ti Oct 2% Sep 4 1 % Mar 3 Jan % Oct 9 26% May 7 19 Jun 30% Jan 5 38 9 15% Apr 23% Dec xl3% Nov 23 Feb 60'A 11 130% Oct 132 4 32% Jan 162% Jan 113 July % 2 192% July 14 143 Mar 192 Jan 5 122 108 Mar 116% 10 9% Jan Sep 7 6% Mar 11 'A Nov 50 49% Jan 5 52% Jan 53 Jan _50 Aviation Pow 48% Jan 5 —1 8% Nov 8 50 91% Jan 6 100 Northern Central Ry Co Northern Pacific Ry 7% Jan 2 No Telegraph par 39 Apr 56 39 Apr Jun 8 8 9'A Dec 14 25 85% Apr 96 6 4'A Jan 8% 100 Apr 110'A 8 8 Apr 17'A Apr 38 2 19 23'A July Jan 6 x3%Jan Jan 15 8% Jan 2.50 7 41% Aug 18 14 31 —50 Jan 14'A Apr 100% Jun Jan 36 No par Preferred Norwich Pharmacal Co 4 18% May 116% July 107 50 Norwalk Tire & Rubber Nov 18% July 21 56'A Jun 4 15% Jan $5 pfd-No par Northwest Air Lines Northwestern Oct 2% Mar 100 preferred series 5% % preferred series States 12% July 29 28% July 30 131 2 100 pfd non-cum 6% Northern 6 May 22 4 X 1 Ry 22 237/a May Jan X 5 North American Co North American Jan May 1% Jan 100 N 11 28% Jan 100 —100 IN Y Ontario & Western Oct 101 100 preferred Norfolk 44'A May 29 2 —fiO 130 non-cum 2 -No par ,NY4 Harlem RR Co Adjust 4% 15% 13% 38 100 124 40% 4 4% *39% 182% *52% 114%. 17 *38 * *113% 38% 16 *38 12% 12% 114 13,500 15'A 101 % 2,000 Iff 15 34% 9% *100 100% 11% 13% 114% 13% 115 8% 9 8% 101% 13% 12 11 3,700 • 182% 52 9% 8,700 <> o *121 53% 51% 1,010 IS I 2%. 14% 15% 52% 49 *33% 124 15% *51% *100% *114% *121 124 *121 15% •',15% *122 27'A Jan 10% *% 18 46 48% 45% I :t $ per share 10% Jan Certificates 2% 49% % Highest f per share par 100 $5 non-cum preferred "70 Year 1942 $ per share No Central Y Chic & St. Louis Co 136 2% 48% 800 130% f per share Lowest New York N *128 *128 Range Since January 1 Lowest ' Highest No par 28 *128 *128 136 1,600 11% "25 130% *128 *128 *128 r; 11 *25% 27% 130% *25% 27% 129% 22% Range for Previous STOCK New York Air Brake— 12,900 15% 58% *25'A , 700 15 15 YOIWK EXCHANGE Par 17% 53% "22'/it NEW Shares 16% 58 *128 t per share 34% 15% Sales for the Week 19 16% *18% *128 , Nov. 11 $ per share $ per share 34 STOCKS Friday Nov. 12 Thursday Nov. 10 Nov. 9 per share *33 Wednesday Tuesday Monday Nov. <» Monday, November 15, 1943 6 6 31'A July 22 45 Apr 7 14% Oct 1 Jan 20 Feb 28 Jan Jan Sep Dec Mar 3% Dec 'Oct 34 7% Sep Nov 10% Jan O 16% 16% 15% 16% 15% 16T% Xl6% 16% 41 41 38% 40% 38% 40 40 41% *40 41 2,400 Oliver 6'A 5'A 6 6 6% 6 6 6.300 Omnibus Corp 6% 91% 5% 6% 91% 18% 8 *32 '.67 *63 *58% *32 65 56% 18% 34 *62 57% preferred A— conv 13 21% July 19 29% Jan 6 3% Jan 2 50% July 2 8% May 22 17 6 -Jan 2 85 59 (The) 100 1,000 Oppenheim Collins 69 No par Otis Elevator No par 30 32 *62 59% 8% 11% Jan par Equipment——No 2,600 150 32 65 58% —No par Farm 8'/4 *148 „ 240 Ohio Oil Co 18'A 18 , 27,400 92% 8'/4 — 150 150 16% 92 8% 18 152 34 *62 65 93 *8 18% ... *32 58 56'A 92% 7% 17% *150 34 *62 58% 92 7% 8% 153 *150 34 90 18% 17% 18% 150 *31% 9 l'A 89 8% *8% 150 ■ 16% 65 100 6% preferred Outboard 59% 2,400 12% 8 % 1,200 Marine & Mfg No Owens-Illlnols Glass 142 Co 2 8 10% Jun 7 21% Jun 2 154 Sep 15 15 38 Apr 8 Jan 22 67% Oct 18 54'A Jan 12.50 5 46 par Jan 28% Jan 5 Co™ Outlet 59% 3% Jan 15% Jan . 100 Sep 27 12 64 July 2 6% Apr 12'A Jan 30% Dec Jan 2% 6'A Jan Jan 79 ; 2% Apr 11'A Mar 132 Jan 4Ve Jun 17% Mar xl67A Dec Dec 143% Sep Apr 277A 42 Jun 48 43% Apr 57% Dec 8% Jan Dec Mar P 12 12% *12 12% 8 12% *12% 8% 7 7% 9 *8% 40% *39 *16% 16 *36 16% 16 17 *12% 40 *35 *12% 15 23% Jan 5 30'A Sep 24 15'A Apr 24'A Nov JVo par 33 Jan 4 Apr 34 Nov 114 19 Jan 2 114% 114'A 114'A 45% July 20 28% May 24 22% No 13% Jan 19 113% 114'A 120 Pacific 154'A 91'A Jan 25 155 155 155 5 13'A *12% 3% 3% 155 *154'A 4% 4% 4% 4'A 13 4'A 3% 4% 12% 12% 3% 13 *12% 3% 50 > • 3% 3% 800 29'A 30% 30'/a 30% 29% 30% 22,100 10% *10% 11% *10% 10% *10'A 10% 200 112% 111% 111% 111'A •111% 111'A 2% *42 105 *102 21% 42% 43 *41% %•. 23% *102% 42'A : 1% 1% 23% 44 56,900 / & Utah 30% 30% 30% 30% 30% *30% 30% 17% 17% 17% 17% 17% *17% 18 4% 4% 4% 4'A 4% 4% 16% 21% 19% 19'A 19% 20'A 21'A 55% *53'A 55'A 55 54 54 93% 92% 93% 14% 13 14% *8% 8% 7% 8'A 2% 2% 18'A 2% 39 38% 37% 16% 16% *14 113 113 *110% *53 93% 94 .;:13'A 13% 14 7% 7% 7'A 7% 7% 2'A 'i 55 % *92% ' 2'A *2'A 2% *2»A 37 *14% *110% *53 37 *37% 16'A 113 25% 26% 23% 23% 23 % 23% 21% 57 54 % 56% 55 56 6 4 5% : 45% 10 8 45% 44 44% 28% 28 % 26 *24% 55% 25 5,200 1,700 2% 800 39 15 100 113 30,900 22'/8 600 55% 55% 47% 48% 43,400 8% 3,800 4% 5'A 48% 9 8% 45 45 44 26 27'A 8% 46 27% *42 900 25 25 *24% i;ioo 26 100 8'A 8% 7% 8% 7% 8 7'A 7 7'A 6% 7 22 % 22% 20% 22'A 20% 21% 20% 49 % 49 V# 49 49'A 48% 49 'V 49 89 89 87 % 88 86% 87% 86% 88 86% 87 20% 20% 20 20% 20% 20% 20'A 20% 20'A 20% 24% 24% 24% 24% 24% 24% 2 4'A 24% 24'A 24% V- 21% 21% 20% 21'A 20'A 20% 20% 80 75 % 108 *106 112 *93 *110% 12% 98 44% 44% 4% 4'A 23% 5 5 5 *92 96 X23 23 *23% 120 *104% •A: 4% 4'A 4% 48% 48'A 50% 6'% 11 11'A * 190 *183 165 % 6 6 *70 70 73 10% *19% *73 44'A 80 4% 7% 7% *73 -A 65% 17% 19'% 8% *165 6 % 7% 7% 8 4,100 22% 22% 22% 7,400 Postal Teleg Inc pfd 10% 11,200 101 101% 10'A 30% 10% 101 55'A 54% 54% 5 4'A 54% *120'A 120% *120'A 120% *120'A 120'A 14% 12% 14 12% 13% 12'A 13 50,400 93 91 54% 120 % 88 91% 87 88'A x82% 86 1,010 - 101% ' , - 5% pfd 100 100% 107 107% 106% 107% 106 106% xl023A 104% 1,060 1% 115 118 114% 116'A 115% 114% 860 115% xll3'A 8% 115'% 115% 115% 115'A 115% 115'A 115% 36% 115'A 250 36% 35 3/ a 3 6'A 35% 35% 35% 36'A 35% 36'A 17,100 For footnotes see page 1955. 1,580 6% Jan % 47% 4 2 4 4 Jun Oct Dec Jan Jan Feb 27% Jan Apr 6% Dec 40% Jan 76% Jan Xl4% Dec 30 21% Oct 24% Oct 28 6 49 91% Sep 30 Jan 25% Sep 23 13% Jan 14 10 71 20 100 100 109% Jan Feb Apr 20 7 7% Feb 17 70 26% Jun 1 7% 3 55% 117% Jun 14 July July Apr 7% May 92 Sep 4 26 8 102 May Jan 3% Feb 8 ..100 34'A Jan 6 59 5 Jan 25 9 No par 59 Jan 14 9'A Feb 4 May Jun Dec 107% Mar 110 6% May Nov 1 3 65 May 80 Uct 26 30 Apr 46 Dec 1% 3 43 29 15% 7 8 3 9 Feb May 7% 7 Dec 65 May : Nov 19% Jan Apr 4% July 56% Dec 5 Jan 3% 26% 3 Mar 30 77% Jun 15% May 79 May 103 4 7% May 20 No par Jun Apr 98 July 30 Jan 102 11 90% Jun 115 100 Oct 4% Sep 38% Oct 6'A Jan 68 10% Apr Jan Nov 3 170 Jan 9 165 Feb 165 -100 175 Jan 21 182 Aug 31 165 May 175 No par 4 Jan 4 4% Jan 13 100 168'A Nov No par 100 59% Jan 5 100 24 Jan 13 -100 pfd 63 Nov 9 —100 7% Jan pfd—100 150% Jan 4 1 1% Jan 8 - -L_ 100 ' 2 18 4 • r-f'V Jan 7 16% Jun 21 6% Jan 6 6% Jan 14 24% Jan 4 par 48'A Jan —5- ; -50 No 28 18"V Jan (stmp).No par 1 30 Jan 14% Jan ' par —No par Jan 20 5 No 2 29 .100 6% Jun 3% 7 4 10% May 11 Dec Jun Mar 31 58 Jun 75 8 6'A 16% Mar 29 162 81 153 May 18 8% Oct Oct 62% Oct Oct 33% Jan 70 Feb 10% 153 Jan July ■" 21 23 23% Apr 5 13 Jun 1 27'A Oct 27 13% May 29 11'A 4 3 „ Jun 14% 15% Jun 18% Oct 3'A May 9'A Jan 5'A Jan 5% Jun 6% July 22'A Jun 4 58 Sep 17 42 Feb 100 ' 114% Apr 7 123 Feb 13 115 Feb 11% Jan 6 -No par 75% Jan 20 17% Apr 96% Oct Jan 62 ■ 27 21% July 16 13 Jun 40% Jun Jun July Jan 6% Apr 20 July Feb Feb 5% May 47% 52% May 12 90 No par '29) Dec 2% 30 28% Apr Apr x51% Sep 18% Aug 23 I Jan 15% Mar Jan 18 preferred • Nov 23% 723A Jan preferred preferred 118% 99 Va 25% Dec 18% Jan $5 preferred 1173A Jan 37 —25 Gamble 108 x95 Feb Jan 16% July 36 Apr 187A 5 20 22 16 (ser of Feb 1 118% 100% 108% 29% Mar 29 3% Jan Pub Serv Corp of N J 108 100 Aug May May Mar 50 Pocahontas 118% 8 68% Jan par — Steel Car Co Inc— Procter & ' Jan 15 11 104 5 100 5% conv 1st preferred 5% conv 2d preferred 1,300 Sep Jan 44 19% Jun preferred Pressed 900 4 2 Jun 28 8'A Jun 9 preferred B Dec Jan 26% May 8 10% July 19 20% Nov Dec Apr Feb 20 Plymouth Oil Co ■ 31 A , 1% 32 23 5 Poor & Co class B Class Oct 60 29% 79'A Jan (The) 7% *10 29% 82 Apr 42% Nov pr Dec Nov l'A 14 Sep 21 32% Apr 24% Sep ———5 conv 500 55 % % ser 19 11 Jan Apr 56% May May Wayne & Chic Ry— 19 10% 44 18 preferred.— 18% 31% 13% 4 20 45 Jun 29 17% Mar 26 —100 Corp preferred- 18% 10% 1% Jan 17% Mar 36 No par & Iron 19'A 31% 29 Va A Mar 41% May 20 100 18% *10% Apr 13'A Aug 18 Pittsburgh Coal of Pa— 6% preferred.; Creek Oct Jan 2'A 27 100 Pond 17 Va 17 Jan Jan Preferred Class 140 Apr Oct l'A 19 Pillsbury Flour Mills— 74 230 Nov July' 8 9% Oct 111 101 14% 3% Mar 26 —No par Hosiery— 17% 2,000 20'A Dec 11% 6 May 60% Mar Oct 38 34% Feb 6 100 7 % preferredPhillips Petroleum Co. 29 Dec Apr 19'A 100% Sep Jan Mar 90 May 20 61% July 14 5% Jan . Phillips Jones Corp— Pittston 20% 8 9 6 —No par —3 Pitts Young & Ash Ry 7% X ' 2% 7'A 51% series—_ 58 10% 92% ~ 4,100 2% Apr 9 28% Jan 100 Pittsburgh & West Va 1,300 6'A 1% Feb 8% 106% Jan 7% Sep 27 59% July 23 16% May 18 58% May 20 4'A % 17% 10'A 46% Jan 100 Preferred 57'A 30% 9 series *72% 9% 2 17'A Feb -100 4'A % 17'A 29% 23% Jan / Dec Sep 1 -^—100 Corp Philip Morris & Co Ltd- 72% *10% 50 4* 100 Phllco 56% 22 Va 6 18 2 „..l $1 preference com. 17'A 23'A 13% Jan 108% Jun No 56 7% 33% Jan com———No par 21% 30 *120% Co. 71'A 8 6 — preferred-: Phila Electric 17'A 10% 92% 10% 169 30 July 10 47% Nov 1 6 l%Jan 4 72% 10% 13 6 15% Aug 3'A Jan par 12 60 23 55 10'A *165 8 11 6% Jan 1st 2 Oct 101 No par 71 10 30 6% Co_ — 55'A .17 21 % *10 169 8 Nov Jan 5% Jan 5'A% July 19% May 22 6% May 22 5 - 200 11 Jun 32 16% Nov 6% 7 July 12 7 Corp of America 5 Brewing Co No par Phelps-Dodge Corp 25 Philadelphia Co 6% preferred 50 Pitts Ft Dec 7 54 — Pet Milk Co conv 27 5 1 RR preferred Phoenix Apr 16 Jan 1% Jan 100 Pittsburgh Steel Co 7% preferred class B 5% preferred class A •:/ 65% 6% 2 No par No par 2,200 7'A 80 10% 170 22 l%Jan 10 Pitts Screw & Bolt 65% 5% 12 17 % Jan Pfeiffer $6 Oct 11% 27% Jan Corp 6,700 4% 10% '*165 15'A Jan Petroleum 7% — 64 7% 14% —' 10%. *19% 55% — 63 11 120% — 10% 23% 14% \ 63 10%' *120% •■'' 11% 61 11% •• ;V';; 1,570 6% 106 80 Pepsi-Cola Co— Pere Marquette Ry Co 5% prior preferred-. 5% 22 10 No Ry 3 par Corp Eastern 9 Jan 113'A July 26 Jan 100 4 Jan 1% 7 43'A July 11'A Oct 1% Mar 5'A 8 Apr 45 par Pittsburgh Forglngs Co 1,100 ' 42% 17% 33% 10% 42 175 Airlines Corp preferred— & 5 12 No par Cement— Pennsylvania Nov 6% May 10 17% July 15 2.5Q Penn G1 Sand $5 150 43% 61 *10% 7'A *73 No Coke Nov 35% Jan No par $7 conv pref ser A Pitts Coke 500 41% 74 *32% 80- 4'A 1,900 6'A 73 41% 23% OSS > 49 'A 40% 71% 9 3,400 190 4'A & Jan 148% 1 Co Penn-Centrai 101 Apr Oct 4 Mines—_1 Patino Mines & Enterprises— Penick & Ford No Penn Coal Apr 121 1 Inc Transportation Penn-Dixie 74 8 2 par Inc„— Consolidated (J C) 9 159 Jan Pitts CC & St Louis Ry Co. 172 5% 19% *8% 10'A ;*165 . 500 4 % *183 v-V;" 60 24% 66% ; *63 18 500 • 120 *165% 84 41 40 5% 172 4'A *78 200 11,200 92 190 7'A 62 10% 50 10% *165% 4% 18 11 *70 'A 2 Preferred 93 *183 7% 62 11 10% 7'A 7 *6% 73 1,200 44% 190 4% 79 49 73 V 7,500 111 172 7% 175 4% 2,200 20% *165% 4»A 7 6'A *23% *104% 120 78 *183 7% *78 50 *6% 92 580 10,800 107% 190 4% *165% 4% 5% • 49% 171 7% . 24'A 120 50 .; ''V 4% . 44'A 5 92 *104% 5% 10% *89 44% 92 92 47 % 11% 44 43% 5 v 111 93 70 67 110% *89 171 11 % 78 *106 93 42% 4% 44% 20'A 78 108 110% 120 84 49 21% 76% *89 *183 *66% 49 93 *165% 44% 26,100 44 11% *78 21'A 10% 70 *11% 20% *10 23 % 6% 70 21'A *106 *104% 50% *6% 2,000 10% 4% 5% 50% 4,100 7% *10 92 120 5'A 7.% 7% 93 24% *23% 112 .7% 43 100 *104% 76 108 "110% 112 76 *106 8% 7'A , 7 10 »A 10% 4% 90 % 78% 108 *7% . 16 2 100 Peoria 44 *7% 7% Jan 105% Jan No 1,300 V; 26'A 20 Peoples Drug Stores Inc— Peoples G L & Coke (Chic) ' 26'A 23% Jan 1 1,800 5:V 5 5 Parker Rust Proof Co Penney 2 4 pfd-100 5.60% Parke Davis & Co Parmelee 5% 27% 46% 25 600 22 % 4% *24 ' 15 *110% 56 24'/a 26 14% ■ 22% *22 8% 100 1,200 27 46% 7% 14,100 26% 4% 9% 45 : 25% 45% 49 *9% 25 25% 4,900 7% *38 113 *110% 22 57 49% 13% 39 *14% 400 ■ 94 93'A 14% 16'A 26% 25'A 94 1,900 , , 3% Jan 9 Oct 119% Sep 2 Ref, Inc—_ Tllford 5 Jan Transp L & Pictures Park Park .3% 21% Paramount 1,000 4,500 30% & P Jan 2'A Jan preferred conv l'A 17% 4 Cos 45'A 19 4% Paraffine 1% - 31% *2% • East 500 1 10 Airways Corp Petrol Prod. 4% 23 1% Pan American Pan-Amer 148 No par Packard Motor Car Panhandle V.• —100 — Panhandle 105 44 42% 1% Telep & Teleg———A—100 preferred 230 ,45 23% 6% par Pacific Tin Consol'd Corp Pacific Western Oil Corp 5,300 2% *42% 105 *102% 23 112 *2% 44% 105 21% 1% 1% 2% *42 43 *102 23% 2% 2% 2% 43 93 * 48,800 10% 14% : 14,500 A- 31 1% *10% Nov Mills ■ "110 21 Lighting Corp„ 2% 42 *78% Jan Pacific 42 23% *106 7 Pacific 5,800 111% 105 *24% 16% Jan 20 1,200 3 *5% Mar 15 Oct 2,100 29 7A 29% 45 49 Apr 39 7A a 111% 26 % 9% 23% 31% *110% 25 Oct Oct 25% May 20 29% 3% 11 39 10 16 13 23% 12% *14% 10 25% 39'A 3% *54 Pacific Finance Corp (Cal) Pacific Gas & Electric 6% Apr 39% 14 21% 14'A Jan par Apr 29% *13% 4% non-cum—-No 4'A 16 23% 155 'A 30% preferred 6% Mar 6 29 July 23 29% 4% *18 55 23% 155% 1% 13% July 13% Apr 5 *39'A 5 42 2 5 39% 4% 23% A'--' 7% Jan 6% Jan 23% Jan 29'/a *154% ,155% *102 2nd non-cum 23% 28% 115% 3 16 780 Va 9 —10 No par Co preferred 39'A *114% 44% 16 *12% 16 1st 23 115% 111% 15'A 16% 210 Coast 29% 23 31 Ve 39 Pacific 24 24% *10% 16 *12% 16 39 Pacific Amer Fisheries Inc 39% 40 3% 40'A 700 28% 29% 40 ■. 7% *39% 29 % 24 % *114% 12% 8'A 39 16 12% 8 39 *12% 16 *12% 5 5 9'A 62 21 Jan Sep 8% Jan 8% Jan 29'A Jan 52% 122 Oct Oct Jun 14% Jan Mar 86% Jan 2 107% July 20 73% Mar X99% 100 96% Jan 4 114% July 20 79 Va Mar 111 Jan 100 109% Jan 4 129"% July 15 99 Mar 123 Jan Pub Ser El & Gas pfd $5 No par 115% Jun 4 122 111% Mar 116 Pullman Inc No par 26% Jan 2 - ..100 85% Jan Aug 18 40% July 1 20% July 28% Jan Oct Nov Volume Number 4229 158 THE COMMERCIAL & FINANCIAL CHRONICLE LOW $ per 111 STOCKS f per share 13% 14% 14% $ per share 111 111 111 *110% 14% 103 % 103% 103% 103% *103%; 20% 213/4 20% 21% 21% NEW 15 STOCK Pure 25,300 112 800 201/4 3,000 200 Oil (The)— 6% conv No I per share II par Jan 14 100 1043/4 Feb 3 ^-100 preferred. 5% Range for Previous Range Since January 1 Lowest Highest Par 103% x20 % YORK EXCHANGE Shares 112 104 22% for 103 112 103% 22% 21% the Week $ per share 14% 103% *110% Sales Nov. 12 Nov. II t per share 15 Friday Thursday Nov. 10 13% 15 *110% PRICES Wednesday Nov.!) $ per share share 14% SALE Tuesday Nov. 8 Nov, 6 HIGH AND Monday Saturday 1953 preferred Purity Bakeries CorpY .No 92% Jan 2 par 133/4 Jan 2 10 ... 10% Jan Year 1042 Lowest * per share per 19% July 19 114% July 22 107% July 23 22% Nov share 7 Apr 90% May 80% Jun Highest $ per share 11% 106% Dec Dec 92% Dec 5 9% Mar 14% Nov 4 14% July 14 8% Mar 10'/4 Oct 2 12% May 71% Oct 4 2% Mar 4 2 46 % Mar 2 10%Jun 1 Q 14 413% 13 13% „ 12% 12% 12% 13 *12% 13 500 Quaker State Oil Ref Corp R 9% 9% 8% 9% 70% 69 % 69% 7% *70 6% 7% 90 90 24% 90 88 % 24% 24% 9 8% 68 7% ' 9 69 7 9% 68% 1,100 63/4 7% 28,600 73/8 87 , 8% 68% 9% sD OO 68 % 7 6% 88 87% 87% 88 Radio 92,600 88 6% 940 25 *24% 26% *24% 26% 1,500 12% 12% 24% 42% 24% 12% 12% 12% 12% 12% 123/4 13 4,000 31% 31% *31% 31% 31% 31% 31 31% *30 30% 500 16 16 15% 15% 15 15% 14% 15% 14% 15% 7,000 *33 35 32% 32% *27 27% 26% *3% 4 *32% *26% .,27 3% 3% 34 28% 3% Rayonler $2 80 *60 62 *75 85 55 Y 59 4% non-cum 1st 4%. non-cum 2nd 3% 33/4 *3% 3% *12 12% *11 18 *17% 18 14% 14% *87 400 56% 57 14% 86% , V 85 56 56 12 W *12% 12% 18 *17% 18% *17% 13% 89% *75 12 12% *17% 85 57 86% 13% 137/a *85 I 14'% 88 Real Silk 56% 56% 9 % 9% 57% 7% 8% 153/4 16% Y/' 15% 16% 16% 16% 100 Va 100% *100% 100% *100% 100% 88% 86 54% 87 55% 7% ' 8% *85 8% 86 86 6% 6% 5% 63/4 *84% 86% 83% 843/4 *80 *60 62 61 61% 61 11% 10% 11% 10% 11 11% 90 903/4 90 90% 90% *90 8% 8% 28% 7% 28% *14 27% 14% 9% 9% *12% 13% *6% 28 27% 37 *36'% 13% 37 14 9 7 13% 9% *12% 9% 13 *12% 7 *6% 25% 25% x7% 6% 6 6% *80 82% 61 % 89 8 6 83% *36% *36% *61 62% 7% *73/4 273/4 27 % 37 13% 6% 48% 30 % * % *4 *8 6% 63% 25 4 9% 8 8 42% 41% 113 7 112% 7% 112 *108 *110 % % 1% 7 7 42% 423/4 112% *106 112% % 21 T(f % 1% *1% 20 20% *20 % y, ;v 7,000 19,100 107 200 38% 112 mo 500 20 , 0 ' 112% 10 % __ 1% fit 20,800 1% 1% 2,900 — 20% 20 20% 4,300 2% 2% *2% 2% *2% 2% 2% 2% 400 86% 84 % 85% X823/4 83% 81% 82% 9,900 16 % 15% 16% 13% *13% 14 64% 64% 66 11% 12 70% 70% *70% 9% 9% 17 163/« Xl5% 13% 65% 11% 12% 14 65 12% 11% 11% 73 70 72 *72 71%. 13% *63 Y ' 9 8% 8%Y 8% 9 *9 Louis-San 153/a July 19 12 % Sep 9 7% Jan 7 9 Jan 8 5% Jan 2 12 July 19 17% May 4 9% May 8 7 4 50% Aug 2 36% Mar 30 13/4 Mar 1 A 3 % Mar 1 % Jan Jan 16 6 35 9 13 Mar 11 7 7 5 6% Nov 9 5 19% Jan 12 100 96 Jan 15 No par No par 38 Jan 9 43 Feb 111 May 4 115 Feb 1073A Jan 23 112 Mar 23 106% Jan A Jan 2 2 Mar 1 Va Jun :v% Jan 2 4% Mar 1 % Scott Paper Co $4.50 preferred $4 preferred ISeaboard Air Line 4-2% No preferred non-cum Seaboard Oil Co of Del Seagrave No par : Corp_ 16% 8,700 13% 2,900 Sharon Steel Corp 66 16 11% 11% 72 9% 230 5,200 ; 16% Jan No No par No par par 2 1 4 Jan 8 Sep 17 12 10 % Jan 13 9 Jan 7 54 Jan 4 26% Jun 4% Jun 90 1 10 Sep 20 18 3/8 Sep 25 7 10% Jun 11 50 47 49 45% 140 31 % Jan 4 57 Oct 20 22% 22% 22% 22% 4,700 Shell Union Oil 15 173/a Jan 14 29 Jun 30 3% 3% 3% 3 Ve 3'% 1,400 23/8 Jan 5 5 23% Apr 7 23% 23% 23% Silver King Coalition Mines 5 Simmons Co— —No par 16% Jan 2 28 27 *26 26% 10% 11 10 10% *37 % 373/4 P/8 *1% x36 / 36% *1% 35% 1% *1% 36 P/8 *1% 1% 26% *25% 26% 100 10% 10% 40,400 35% 36 17% 17% 17% 18 % 23% 23% 23% *23% 23 % 32 29% 31% 28 % 29% 22% 22% 21% 22% 21 22 12% 12% 12 123/4 12 12% ' — 36% 18% *23% 18% 18% 23% 23% 31% 18 30 *21% 12% 3% 3% 28% 27% 28% 26% 27% 26% 26% 27 26% 26% 26% *140 142 23% *138 23% 142 *138 23% 23 3% 3% 142 22% *138 23 223/4 2,400 Skelly Oil Co 173/4 1,380 Sloss-Sheffield 40 30 % 31% 22 ' 12% 142 22% - 22% 22% 13% 13% 13% 13% 13% 13% 13% 14 14 23% 20% 20% 20% 21% 21% 22% 21% 22% 203i 18% 20% 18% 119% 19% 20% 19% 20 41 38 40% 38% 39% 39% 53 50% 51 50% 50% • 4% 4 4%' *4% 5 % 4% *4% 65 *56 *56 70 *33% 33% 32% 25 % 25% 37 % 36% 60 60 6 24% 5% 6% 55 55 *11034 28 % 28 113 *111 1 1 1 62% 61 61 *114 116 116 28 26% 26% 111% 111% *111 1% 1 1 2% 2% 2% 29% 31 35% 353/4 32% 35% 37% 37%" Y 36% 37% 33% 34 33% 33% 58% 58% 56 58% 39% 39% *39% 6 %. v. - 6 40% 6% 11% 9% 9% ■ 9% 9 12% 12% 60 *58 128% 36% 33% 57% 573/4 40 40% 41% 6% 6% 6 3/8 29% 5% 129 28 62% 61% 11% Xl0% 8% *28 9% Jan 50% Mar 2% Jan 6 6% Jun 30 1% Apr 200 No par 1 No par No par Sperry Corp (The) 1 Spicer Mfg Co— No par $3 conv preferred A No par Spiegel Inc 2 Conv $4.50 preferred——No par Square D Co 1 5% conv preferred 100 Squibb (E R) & Sons No par $5 pref series A No par Standard Brands, Inc. _—.—Noipar $4.50 preferred—No par Standard Gas & El Co—.—No par 1,100 *28% 62% 10% 61 80 900 * 116 27% 1 9,700 __ 22,500 363/4 33% 11,800 36,200 6 10% 6% 15,200 28% , 28% 300 X62 % — 62% 2,200 10% 10% 4,300 8% 9% 9% 9% 9% 9% 10,900 15% 15% 15% 15% 600 8% 8% 8% 15% 8% 15% 8% Studebaker Corp (The) 11% 12 11% ll7/8 59 61 61 61 1,600 *128% 129 30 5% 5% 5% 5 6% 6% 5% 4% 5% 4% 6% 5% 5% 5% 129 5% 5% 5% 5% 5% 5% 22,400 9,500 18 16 17% 16% 16% 17 17 17 *66 68% 63 66VB 62 623/4 62 3/4 65% 66 *22 22% 19 66% 21% 1,100 19% 20% 20% 20% 19% 21 29% 2,700 *28% 29% *28% 29% 18 *28% 30 *9% 10% *26% 26% For footnotes *28% 9 9 25% see *8% 26% page 1955. 10 *8% 25% 25% 25% *28% . — 9% 1,700 29% *8% 10 25% 17 25% 25% 100 2,600 & Webster (4% % cum) Mining —• Co Superheater Co (The) Superior Oil of Calif— Superior Steel Corp Sutherland Paper Co Sweets Co of Amer (The) Swift & Co 21% Dec 44% July 24 30 Sep 37 Mar 60 49 Mar 60 Jan Jan 9 3 Sep 20 8% Sep 22 Jan 2 35 % Jan 7 64 Sep 33 Jan 6 42 July 14 109 Jan 28 49 Jan 10 70 113 Feb 17 117 25 Sep 27 100% Jan 7 A Jan 2 1% Jan 4 13 116% July 13 July 31 Aug 20 29% Nov July 24 Nov 2% Sep 293/4 Sep 277/a Jun 108 Dec 40% 313% Jan 4'% Jan 45% Jan 383% 114 Apr 109% Aug 89% May Jan Feb 113 110 49% Jan Jan 1 115% July 30 A 2% Mar 13 Jan Sep % Ost 2% Oct 11% Jan 10% Jan 5 40% Oct 22 6 Apr 13% Jan 28% Jan 8 40. 28 % Jan 12 46% Jan 2 37% Jan 4 57A Nov 9 No par par 9 25 Jan 2 58 % July 30 7% Jan 12 M%Jan 2 No par —25 100 10 12% 25 122 8 18 Mar 14 20 Apr Apr 29 47 Dec 25% Apr 40 Nov 60 21 45% May 26 Sep 91/2 May 22% Dec 343% Jan 42 62 Dec Sep 6% Apr Jan 3% Mar 29 4 Apr 3'/a Jan 43 Apr 116% Apr Sep "33/8 May" 22 May 28 6% Nov 653% Jan 128 5% Dec Jan Jan Dec 26 % Dec 26% Jan 4 33 43/4 Feb 1 27% Jun 20 2 Jan NOV 16% 9% May 17% Feb 22% Jan 4% ~6% 15% May 7 32% July 23 23 Nov 11% May 14% Jan 20 58% Feb 8% Oct 73/8 Apr 33/4 Jan 12% Jan Dec May 1 14% Jun 7 14 July 12 66 6 5% Nov 29% Dec 31% Mar 31 130 Apr 30% 5 133A Jun 63% Mar 5% Jan 48% Jan 100 —-1 10c May 38 3A July 10 3/4 May 53A Jan —1 6% Mar 13 xl7 15 % Nov No par Sunray Oil Corp Sunshine 35'A Mar 15 57 Feb 59 Apr % Apr 6% May No Sun Oil Co Class A pfd 2 18 32% Jan 3% Dec 17% 25 . Stone 11% 59 *128% L S 12,100 11% 59 128% (The) 24 % Jan 17a Nov 31 36% Oct Sterling Drug Inc 10 Stewart-Warner Corp 5 Stokely Bros & Co Inc 1 5% prior preferred—-——20 36,800 12% 128% Starrett Co 3 14 5 Spring 83/4 60% 128% Standard Steel 34% Nov 6 Jan Standard Oil of New Jersey Standard Oil of Ohio. 1,100 26 2% Jan 25 Standard Oil of Indiana 54% 41 4 6% Sep 57% Sep 18 Jan 21% Jan 33 25 $7 cum prior preferred Standard Oil of Calif 41 Aug 1 34 X33 , Oct 3 No par —25 $6 cum prior preferred 14,700 Apr No par No par No par $4 preferred 3,400 9 • Sparks Wlthington Spear & Co $5.50 preferred Spencer Kellogg & Sons 5,300 16 11 tr 31 8% 60 stk 2% *15% 128% Ohio X53% 62% 10% Y — 29% 62 13,900 & x36 34% 56% 39% 343A Mobile 30% — 373/4 33% 10% : 16 *15% 37% 56 : 36% ; 39 5 5% 7.50 Railway non-cum preferred— 323/4 — 34% 33% ' Feb 5 66 1,100 112 2% — . 21% Nov 49% May 34% 112' 1 2% Apr 9% Apr 9 480 112 31% 333/4 62 64 11% 2% 30% Jan 14"% 5,000 6 x26% 1% 33% 28 29% •> *63% 27% 113 32% ' *28% 26% *114 Jan 1443% 12 52% *60% 11 Jan 26% 42% Jan 70 112 6 Jun 153/4 35'A Jan 800 112 Apr 2% Apr 17% Jun 122% Nov 14 ctfs—100 6,400 10,800 34% 25 6 .1% Mar Jan 25% •: 149% July Apr 6% Mar Nov 36% — 283/4 July 26 30 3A Sep 8 9 18% 60% 35% 5 July 15 Apr 6 12% 5% 52 Dec Oct 1 18% 70 32 5% Nov 10% Dec Nov Jun 25% — Jan 15Va 1% 10 *60 6% 20 3/4 Dec 12% May 23 3A Jun *36% 54% Dec Jan 15% July 17 5 25% 6 4% 5 60% 53% 35% Aug 183/4 14% Sep 363/a Y *111 ' 6% 25% 35 30% May 303/a Apr ..*60 1103A *114 32 29 33 >. 61 1% 2 3/4 2% 2% 33 6 110% 63% % Jun Nov 2 10,300 *4% 2 2% Dec Nov 7 4 31% 21% Jan 30% May 10% Apr 9% 7 3% 153/4 Jan 3 3^ *56 15 66 103/4 Jan 13 4% . Jan 4% Apr Apr 4% Mar 64"% 153/4 Jan 4 — 2 Jan No par 290 5% 132 2 11 Nov 60 No par 100 51 31% 20% Jan Dec 10% Dec Southern x38 70 2% Jan 16% Jan 11% Apr 8 62 Southern Pacific Co *50% *4% 25 Southern Natural Gas Co 26,700 40 3/8 113 26% *111 35 115% 63% *114 116 53 *34 1,800 101,500 *36 36 60 5% : 51% 112 64 *63% *114 25% 36 36 *110 112 24% *60 6 33 36% *36 Y , 54 52 YY 25% 14 51% 31%: Edison Southern California 51 *56 31% 100 preferred 2,200 39% : Y Y 70 31 37 60% 4 5% *56 ... 33%' 37% *60 ■ 3% *5 5% 8% 1 Nov 30% 15 % Greyhound Lines—5 Dec 33% Mar July 19 39% July 16 25% Jun 10 Southeastern 17% 62% 19% Apr 45% Sep 22 24 % 2 South Am Gold & Platinum Dec 43% May 4% Jan 27 2 South Porto Rico Sugar——No par Dec A Feb lVa Sep 20 3/4 Aug 19 1,100 Jan 113% •t; 5 Jan 15 Dec 116 18 10% Jan 2,000 — 9 Apr 1% Oct 39 1% Feb 15% Jan 9.100 142 11 17% Nov 10% 98 27 % Nov 19 3% *138 28% Jan Jan xl3% July 14 Socony Vacuum Oil Co Inc 27 26% 2 233/4 Nov 26% i- Jan preferred No par Smith (A O) Corp —10 Smith & Corona Typewriter_.No per $1.20 33/8 3% July 15 Jan v 11% May % Apr May 29 223/a Aug 16 35,000 20% *51 1,700' Iron—20 & 123/« 23% Y 41' 3,100 15 Steel *25% 27 3% 10% May 21 Corp 23% *21 26% 26% 21 —No par Petroleum.: Oil 35% 12% 3 3/4 1 —No par tSimms *17% ■ 30% 263/4 _10 Simonds Saw & Steel Sinclair 23% __ 22 *27% 3% 3,600 10% Y10% *26 t 23% 44 110 109% Aug 8 8% Jan 20 Nov 16 22% 24 A lVa Sep Sep 10 Sep 7% Dec 3% „ 34% Jan 1 53/4 Jan -No par (Frank G) Nov Jan 1073A July 24 22% 27 Jun Dec 47% 21% 49% *43 6% Nov 21% J13% Nov 123A Apr 78 May 25 % Apr 3 643/4 Jan Shattuck 9 Jan 9% Nov 39% Nov No par Sheaffer (W A) Pen Co——No par Sharpe & Dohme„ $3.50 conv pref ser A Jan 19% —No par 1,200 2,000 Jan 54 Dec 173/a July 6 73% July 26 16% May 5 73 % May 8 $5 conv preferred— Oct 27% x93/8 3% 11% 29% Apr 104 Jan 5% 12% Mar 26 8 59% Jan 5 13% — par 100 Sears Roebuck & Co Servel Inc 8% Jan 85 % / Dec Schenley Distillers Corp 5%% preferred Mar 47% July 24 114 23% 27% Jan 8 50% *1% 5 Sep Jan 105% Jan 3% 10% Jan 100 100 preferred Savage Arms Corp 50% *26% 2 Oct Jan Jan 2 22 % Y. May 6 4 No par 5% 66 Y ... . 23 Jan 3z 3% 23 Feb May 34% May No par non-cum Safeway Stores 7% 74 Apr 16 23% 23% 6% Jan Jan 129% Mar 6% Apr 33/4 Jan 1 52 23 313/4 Nov 28 *3% ■:/l Apr % Jan 100 19 86 3/1 Jun x20 Dec 100% Mar May % May 75% Apr 3% Mar 28'A Jan 10 Jun 4% 6 Dec Nov 53,6 Sep 78% July Oct 9 71% Dec '"54 28 22% 23% 1% 133/b 70 18% Jun 100 Feb 49 Jun x94% 7 _—100 preferred 39% July 21 14 Sep 18 Mar 2% 6 Jan Dec 7% 38% Jan 43 par preferred 1 x55 115/s Jan I .No 22 Dec 20% Jan par ISt Louis Southwestern 5% 7 11% July 13 32 %Jun 2 par Francisco non-cum 9% Apr 93 3A Jun par Joseph Lead 6% 28 18 No preferred—. conv 88 % Oct 20 .No Apr 6 ' ■ - 260 37% :K *108 112% 1,500 ! 7% 38% 110 *110 1) 7 39 110 111 1% 'Y/: 7%. *38% 30 42% 112% 113 84% *12% *50% 40 106% 106% " 38% 111 1% 20 4% 106% Iff 1% ISt 29 *3 8 42% 113 St 1,600 36 !♦ % *7 42 112% $2.50 12 Feb 1 Roan 60 27 10% Apr 6 20% July 14 101% May 24 Feb 343/8 Feb __ 300 6.000 36% *110 1% YY. Co 7 4,100 34% 112% 14% Mfg Richfield Oil Corp Ritter Company 13 7% 112 112 67% Rheem 300 Oct 59% Jun 70 —10 11 Dec Dec 98 25% Jan Nov 13 4 Jan Sep 3 3/i 70 7% May 12 7% Jan 23% Jan Dec Nov 5 % Jan Dec 16 Nov 80 May PA Jan 39 Dec 12 103A Mar 61 _100 - _ 5,100 % 7% 38 *110 : Common % 34% *104% *108 17 , _ .No par Reynolds Metals Co 5% % conv preferred 100 1 Reynolds Spring— 10 Reynolds (R J) Tob class B. *% X33% . 40 14% _ 20 54% Dec 5 193/a Jun 93 ' Jun 6 May 81 __ — 9% 28% — YU'Z ' 67'g 36% 106 9 29% 4% 4 106 71% 29 *3 % 5 *38 16% 6 *46% 38% 67% 5% Jan 48 106% 2% _ 2 6 4 48 lri 34 Y: 87 - preferred Jan 95% Jan 73% Jan .No par Revere Copper ii Brass 7% preferred, 5%% 14 100 100 prior pfd ser A__ Rustless Iron & Steel Corp 38% *2% preferred conv conv 1,200 106% 86% 2 1,500 3/8 41% ; 4 24% % *112% 21 4 4% Jan •13% % 43 21 69% Jan 42% Jan - — 24% % 113 :M 25 . 48 8 & Saratoga RR _..100 1 Motors, Inc Republic Steel Corp .No par Rensselaer Reo X13','4 % 8 20 I33/4 29 5 14 Jan warrants— 24'% % Jun 3% Jan 66% Jan 1 with 13% % 5 12 Preferred 24 % 28% Nov 30 Remington-Rand 12% *6% Nov 35 22 20 13% % 112 % 7% 800 28% 20 5 47 *8 36% 13% 9 12% % *42% 7% X133/4 9% 233/4 May 263/a Jan 22 3% Jan 4 13% : *4 36 % 8.400 37 13 % 10% 27% *36% % 5 27 4,800 Nov Jan 47 25 30 283/4 % 2,900 15% Jan 14'/a 13% 1 340 7% Feb 5 5 Antelope Copper Mines Ruberoid Co (The) No 25% *47 30% * lli/4 90% 7% 263/4 22% May 23% July 11% Apr Aug 24 6 80 10% 32 2 50 Hosiery 48% 25% 14% *47 70 6 14% Jan 1-iVsJan 6% 81 15% Jan 7% Jun 22 26 20 6% 62% 7 15% Jun — 20 6,100 34% 29% Jun (Robt) & Co 1st pfd— 100 Reliable Stores Corp .No par Reliance Mfg Co ——10 600 90% Y 14% 9% *12% 30,400 6 3/8 81 37 *14 9% 13 16% 88 *61% 273/4 *36 Va 9,100 100% 6 8 " *14% * 16 100'/a 113/8 90% 11% 5%, 580 9% 99% July 14 2 5% Apr 29 76% Sep 11 86% July 27 13% Sep 20 100 57 *85% 86 7,900 " 7 7 100 preferred Rels - Dec Jan 21 preferred -Y-50 Preferred „ 100 90 *86 ^ . 14% 14 Y 56 55% 100 % *87 18 14% 8% *100% 12% *17% 90 Y V 220 *121/4 Y *86 16% 8% 16%' . Dec Den 3% 50 200 55 5 593/8 Apr 11% Jan 26% Jan par __ 500 *75 54% Jan 2 25 -No preferred 34% 85 100 _ Reading Company 28% 56 Jan 3% Jan 1 *26% 54 59 1 Inc *321% *75 /Y 4% Jan par -No par Raybeatos Manhattan ' ' *75 preferred. conv 28 28 -No 1st preferred conv 34 *32 Va 3% Corp of Amer $3.50 Radio-Keitli-Orpheum 82 July 24 12% Jun 5 2 3% May Sep 43/4 Aug Jan 25 THE COMMERCIAL & FINANCIAL CHRONICLE 1954 LOW AND HIGH Monday per share Thursday S per share Friday Sales Nov. 11 Nov. 10 f per share # per share STOCKS Wednesday Nov. 9 Nov, 6 5 SALE PRICES Tuesday Nov, 8 Saturday Monday, November 15, 1943 Nov. 12 the Week S per share $ per share for NEW YORK , Range for Previous STOCK Range Since January 1 EXCHANGE ; Lowest Shares Par a 29 % 27% 29 27% 28% 29 3 b 29% X28 % 29-% 5,000 Swift International Ltd_. 27% 2818 26% 27'% 27 27% 27 % 27T r. 27'/a 28% 8,100 Sylvania Elec Prod's Inc. 074 5% x5 5% 5% 5% 5% 5% .9,000 8 *6% * per 295 5%' 5% Symington Gould 8 22% Feb 5% Jan share per 35% Apr 22 19% Mar 29 8 15% Aug 3% Aug 25% Dec 5% Jan 2 25 Corp_: ' Highest $ per share ' 35% July 8 4% Jan pur 1942 Lowest 5 per share share 27%.Nov „„No Year ' Highest 8% May 20 % Nov T *7 *6% 8 44 *43 *4% 4% 9% 10% 11 11 *5 34 35 14% 13% 14% 8% 9 8% '/ 18% 4% 16 x8Tn 8% 17% Va 13% 9% 17% 4% 9 5% 12% 6 % 6% *5% 92 % 92% 7 % 18 45 lb 45% 4 lb 4% ■ 92% 92 V 8 *92 Mb 6Tb 7V 2 7 45 45 45 6V4 6 *12% 13 12% 30% 29 *11 12% *30 30%. 3% % 3% * 12% 29 29 6 19 16'% 17% 12% 13 12% 12% 99 % 100 100%* 26% 25% 263 « 45% 44 20% 18 18% 13% 13 3% % 3%: 3% 2% • *1% 16 Vg 17% 123« 23 7-rH 2% 3% 18% 20% 28% 26 28:% *99% 100% *99 100%' 6% 3% 82'V 19% 3 82 Va *8% 8*8 26% 27 Va 27% 99 99 99 69 V2 8% , 5% 5% 5% 70 70 8% 8% Dec 27% July 16% Nov 9 6% Jan 12 14 v 5 51 To Aug 19 35 Jail 2% Jan 8 6 95 7 33V'4 Jan 5 Jan 2 V 8% Jail 26 % Feb 5 Oct 8 Jan Jan par 100 52. —1 4 ^--10 25 — — _— , 3 . -No par 7% 8 28 5 July 12 Oct 18 41 8 Jun 85 Mar 97 34% Mar 31 22 May 34% Jan 50 31% May 43% Jan 26% Jun 6% Jan ... July 7 *10% May 4 8 % 4 5, Jan : Jan 6% Dec 25% July 8 7% May 18 V'4 Dec 6 8% 12% Mar 1% Jan 4% May 8 Jan 69 No par Corp„: 90 6 6% Jan 4 12%i Jan '7 . Jan 8 % Mar May 25 56% Jun 9% May 2% Nov 71 5 % Jun 24% July 15 7% Jan 16 Oct 34 % July 14 19',4 Jan 26% Nov pi •»ferreri_-——'__No par 25 Jan 7 prior pfd-^u__——No Par 99 Nov 9 City Rapid Transit..% No par preferred _100 4% Jan " 5 9% Jun 1 ~1% Jan 5 77% Jun 18 21% Jan 6'% Jan 1 11% jun 10 7% Aug Jan 67 5% 70 % I'M) 8Te 3,700 Twin 1,700 Under Twin 3,900 7% — Coach Co 1 Nov 4 $4.50 5% Dec 167iv Apr 5 $1.50 8% Nov 10% Feb 11 V'4 Jan 400 , 15Tb 15V^ Jan 27 _1 — • 10 5,900 100% Dec 27%. Jan 1 % Nov 1031a May 26 No pur Fox Film Corp—No par Cen Mar 18 Sep 9% 17% July ii Mar 4 1 ri-Continental Corp 20th 3% 941,i!Jan Axle— preferred 4 Jan 34% Feb 15% July 14 2 $6 Jan 2!a July 5V'4 Jun 4 5; Truax-Traer 4% 12 Tr.ansue & Williams St'i—No pur 12,200 Mar 52% Dec : _No par preferred Detroit 30 July 23 3 2 3 Jan Jan par Transcont'l & West Air Inc. 600 28% 15 33 % Jun Jun 9% Jan , 26 Mav 27 Oct 9% Jan 42 3% Apr 6% May 24 4 I V(j Jan par 49 24% Nov 2% May 4 9% Sep Jan Sep 34-% Oct „10 Oil Transnmerica Corp 3,900 22,900 8% 8% 9 70'/2 71 8% 4% Apr July 22 13% July 14 20 19 34 100'% .7 24% Nov 180 534 Dec 7V4 Jan 40% Jan 600 19 8 Va .-10 8% 28 37% Tlmken 82% 19%' 3% Apr May Tlmken Roller Bearing——No par *8 28 Va Apr 5 No Associated conv Nov 2 28 ——1 Products Water Dec 6% July 14 Avenue Transit Corp.. IVo par 84.50 17,100 , 3 82% 193b 99 73 8V'a 9 Vs. 18% 6% 5% .71% 72% 8 7Tb 12% 2°,4, Tide 42% 18 preferred--, conv Oct 9% Jan , 41% July 13 6,200 19% 20% 6% 7% 19 8 8% 7% 3% Jan 34 2,300 % 12% 83 72 7 25% 45 12% 8 ■ 25 % 44% 19% 82 28% 25% 45 V 44% 53%, July 14 4 7 Va May 30 Apr May 29 Nov ' 8 Thcmpson-Starrett Co ~~No S3.50 cum preferred. —Ah 1,250 19 83s 2014 100 12% 83% 8% 99% 3,000 12% 2 83V 84 *8% 2 $3 div Thompson 12,400 100 2 5% Nov 35 Apr Mar 5 — Thompson (J R> 2,500 12% . 19 8% *83% 200 134 7% % *11'% 13 Va . Third ,1,300 . 12% 1? 100 44 7% 8 .7% 8%. 8 20% *13 \ 28 34 17'4 25% 24 % 45 ' 11% 28% :: ,, 100 45%" 26% 45% =' 100 11% " 29 •1% 2 17% 13 100 3,500 12% »:•' Piefefred 140 3% Xl2% 2 1% 1% 19 13 2% 12 13% « 2 Oil— Thermoid, Co~_ 9,000 45% 3% 8 Apr 1' Nov The Fair———— 50 32 ' : 7'%. 4 3 41% Jan Texas & Pacific Ry Co— -100 Thatcher Mfg Co—% — — Nc par S3.60 conv preferred..---'.. No par 94 ' *43 4 28% , 19 *2 45 W *43 45 %• 3 Va 4% 3% 7 ,■ 24 Apr 5% Mar 16 8% Jan Texas Pacific Land Trust '2,400 - 45 10 270 48% 9 8% Jan A'o par 8,600 12% 48% 8% Jun 2 Jan Producing--——No par Texas 200 17'/« 12% 49% Jan 3 25. 2,700 17% 12 V'4 49 *5% 92% 7 i: 7% (The)—— 6,300 9 V4 35 5 Texas Gulf Sulphur. Pacific Coal «fc 2,500 , ■ ' 7% 9 :_50 5 Corp— Texas Gulf 11,700 35 Vo 14 V-4 12% r 5% 4 Vb 35 49 12 % 92 % Texas Co 14% *48% 6% 8,200 46% 3512 12% 94% 47 4V'2 50 % *5% Tennessee 14 12% *92 Va 3,100 35V4 49 50 10 Vb 4% 8% 18% 16% 18% :12%" 12% 50 10% 46% 45% (James % 5Vapartic preferred Telautograph Corp 900 14 9 60 4% 35% xl3% Talcott Inc 42 4 Mi 4% 35% 14-r' 73b *41 10% 10% 45'% *6% ■ 4% 34% 5 4% 5% 35 "4 8 10-% 45 47% 45 47% 47% 42% 4%. 4% 10 7% *6% *41 43 4%" 4' '4 4% 7% 42 43 43 101 13 Oct 6 Nov 78% 5 Vu May Nov 7% Nov U 9% 9 49 116% *115% 116% 113 % 113'4 *112 113% 79 7 *115 *112''2 114 48 % 9 % 78% 78% *115% *115% ■116%' *113% 49 9 78 80 Va 78 80% 48 •: 8% 9% 8% 9% 80 48 52 "a 48 52% *51 49 9 9'% ■ 79'/, n 7,300 116% *115 116% 113% *112% 113% 42 par Jan .. 18 113 105% Jan 15% Jan 2 183b 4,300 Preferred $4.50 series— No par Union Gil of California— —.—..25 93 93% 2,700 Union Pacific RR Co 30 Ja 2 n Nov 5 18% 18 % 18% 92% 92 "4 93% 93 93% 93 27 27.% 26 V4 26% 2?VB ■ 18 91 % 27% 28% 19 94 % 94% 93 To *27% 18% 91 V'4 27% 28% 2e% 27% 102% 102 Va 102 % 102% 101% 102% *101% 22% •24%' 22% 23% 23% 24 3b 23% 24% 18,500 18 lo 18 V» 18% 19 % 19% 600 109%, Jan United No par 55 % Jan ; 200 United-Carr Fast Corp„. .No par 18% Jan par % Jan 2 17% Jan 5 18 Va *18 19% 58% 61 , 58 V : 95% 95 26% 26% 26% ■26% 1,400 27% 93; 28 27 27% 13.000 *114 58 57:Vv a . 96 *94% *114 *114 *114 *60 % 4 <c 700 102 79% Jan 24% Jan 25% Jan 6 5% cony preferred— —100 United Air Lines' Transport —5 17% Jan United 16 *114 58 58'2 58% 5'/ 58'% . 6% 6% 5 % 6 V4 54% 5.1« 54'4 *51 Va 7% 7% 7% 6% 7 ■■: 12% 5% 54% 28% 28% 28% 27% 71% 70 71V 70 V'4 71% 2% 2% 27% 26% 27% 27% 2% 2 V'4 25% 3% *3% V 2% 71% 2% 2% 23b 27 4 700 3,800 Electric Coal Cos 5 26% Jan United Gas Improv't ex-clistribtion. 2V'8Jun 26% 27'2 *3% 4% 500 United 7% 7% 4,700 U S <fc 95% 95% 13% 13% 2,000 U S, 70 % 2,600 U S Gypsum Co : 20. 7 "c preferred—100 *95 V'4 95 95 V'4 14% 13 13% *95 95 % ■, ' United Merch & Mfr's Inc. Feb 17 16 Jan 4 July % Apr 1% 22 Apr 20 ; 8% Dec Nov 5 25% Jun Oct. Dec 3% 50 8 Apr Feb %v 18 33% Aug 3;s Mar 3 Oct Dec 58% Jan aVi Oct 113 May 11 Jan 20% Dec Jan 6% Sep 35 Feb 48% Jun 72% Jan 16% 2'2 July 21 1 16% Jan Oct 29 11% Apr 10 3 Ve Jan 4 57b Apr 6 2% Sep 4% Feb ——No par Faperboard" Foreign Secnr 86 1st preferred— .170 . Apr 37 76% Sep 21 16 Feb 30 10434 30 July 9% Jun 9 60% Mar Sep Jan 35 12 No par 8 Vb 15 4 5Vb Jan 5 United Fruit Co.— • % 9 66 8IV2 y36% Jam 104% Mar Jun 3 2% May 10 35% Sep 29- 4 Engineering & Fdy.. 6,200 26% 28',4 72 1 7 United 43,700 *27 11 7% Jan Dec 85% Nov 7% Apr 9% Mar x26 7 Jan 16% Jun 8 Jun 108 89 3 69% Jim Nov 21% Aug 23To Jun May 27 114 t 2% Jan 3% 97 14% 723 '* 74 % 20 Oct Jan Dec 113'% Jan 22% Mav 12 38% Jan United 3,000 273b -.—5 63% Dec 9 Vb 83 100% Mar 10 May July 16 33 % July 8 __10Q — 19 114% Jun 20 Jan Corp...—_...l 7% 8 14Ce 'OM-S 7 Co. Preferred 3 Tb 7 Ta *95% Dyeyood No par V-4 3% 8 7% Drug United No S3 preferred 80 par 7% 4 4 8% v United 3,400 54' 71% :2Vt. 26% • 4 % '■97,.:' 10.400 6% 6% 54 7% Corporation 28,000 No „.-_>100 Carbon Col— 31% 27% " 2%' :? United 47,900 — preferred cony 12% 12% C'.B " l'b 30% 53 *7 28 71% '* 13% Vu *52 7% 25 1 12% 6 *24 31 Tn 31 6% 53 *28% a 25 " 1 ,31%' 12% 13% 12% 13% 13% *24 1% 30% 32% 30% 24 1 1% 1 1% 32% 23% 25 *23 Va 25 1% 32% Co—. 97 46 Apr May 108 22% Julv 14 40 Jan 7'%. Sep; 28% Mar 30 93% Jan ..,4 — Biscuit 114% Oct • 8 5 No 28% 58 Apr 29 102 % 6 par preferred!-. -..>.,100 United Aircraft Corp 1,000 ... noil-cum 100 Union Tank Car ' 23'% v 16 25 24% *19 xll8 2 900 104 *102% : 2 26 86% May 27 2 19 J 113'4 Feb . 8 Jan Jtilv 59 8 80% Jan 18% 8. 78" 94% 19 94 r No Union Bag <fe Paper .No pan Union Carbide & Curb—_ No par' Union El Co of Mo S5 pfd— No par 10,700 80 Elliott Fisher Co- 4% Jan 6 13%.May 4. 2% Apr 5% Dec 9831 Nov 4 77 % Apr — par 0 84 V% Jan Freight Co___i^_——„No par 9Ve Jan —No 29 6 87 Oct Feb ' 13 % ■ 70 69% 177 % *177% 179 8 Va 179 71% 177 V3 : 7.1% 71 *177 9% 8% 9 *42% 13% 45 70 14 70% 71 69% *177 % 179 *177Vb 179 9% 44 35% 5 5% 16% . *112 16% 15% *112 5% 9 % *42% 33 45 2,000 34 43b 16% % 34 5 x!6% 1% , 5 5% 5% 9% 31% : 40 39 ^2 3 31% 39 34%' 34% 1% 1% 1% 1Tb *37% 39% 53 3i *73%« 52 V s 39% 36% 123 128 128 e 121 22 *45 *3% 2% 53% 74 53 : • *73 Va : 37 Vb 38 124% 124 31% 74 119% 52 V . 4 121 38% 125% 73% 73 73 50 'A 119 , 22 21% 21% 2i 1.', 46Tb 45% 45 % *45Vb 3% *3% 3% 3 2% 2% 2'% 2 *80 *83 85 16% 51% 21% U S 21% 2% : 2V« *80 85 83 *15 15% 15 28,200 126 2,600 52 % 1,500 *72'% 52% V 73 21 2'% 47% 40 2% 2% *81% *15 15% 3% : ■ 68 3% 3% 3% *33b 3% 32 % 30% 30% *3034 *30'% 67 67% 66 % 66% 3% 162 ' 162 7 o *163,: 168 *lbJ 3% ltod 67. Apr 34% Jan 2V'» Apr 8 7 Jan 4% July 14Ta Oct 7 99 Jan 22 May i ■ • 86 conv Universal 40 preferred..- ■ 2 Laboratories 5. Inc 27% Dec 103% Dec 13.% May Nov 54 par —1. Mar 37'% Apr 58 1 51% Jan 71 Apr 44% May 59% July 15 107% Jun Jan 8 125 July 19 21'- Nov par i_l 12 29 5 15% 6 39% Mar 3% July 19 % May Apr 50% Aug 42'% Jan " 4 1% Jan • • 6 3 23 88 Oct 23 20% July 4 Oct Jan V. 14%.Jan . - 56 .% Jan 5 3Vt Nov -9 59 % Jan 6% July 9 3038 Nov 15 ———2_"_.No Mar 46'4 Sep 20 par Preferred Dec 1 Apr % Aug 129% July 23 62 May 7 47% Jan '>7 112 25 No 30% Aug 32% 8 74 150 Jan 40 V'4 163 % Apr Apr 55% Jan Jan 119% Jan 24 Jan 46% Jan 1% Oct 1 Oct 34% May 60 % Dee 12 July 15%. Nov, 7 41 May 4 142 Apr 27 . 2: . 2 July 16 75% July 12 Dec 26% May 20 3Te May 10 '4 29% 9 5 Jan Jun 2 • par Li-1" preferred 25 V. July 42 44',2 Jun Universal Leaf TobJ-—2_%_No par v 8•% preferred— .-100 .' 440 2u non-cum -UniversalfCyclops Steel Corp boo % •'••v —-No 37 Ve May 15 Jail 114 10 13 64% Jan. 13 _ioo — 114 Oct • 7% 400 168' *163 Sep 24% H Jan _50 United Stockyards' Corp—. United Stores class A 100 --/■ 31% 68 ' 41 Jan 46 Jan Jan 32 25V'4 Jan Dec 34 % 29% Jan 101 Dec 6% 1 9% Jun Aug 23 29,/8 Jan 13 nop-cum 1st preferred—100 64 174% 29 8% July 19 8 9 20 : U S Tobacco Co— 6,000 84 15 % May May 4% Apr 10% Oct 19% Apr 16 Jan 4% Nov Smelting Ret ,& Alin—1—50 Preferred 1,700 . —1 U S Steel Corp—————No 2,700 83 . 6 108 „100 — Co_,..——% Preferred 2,200 . 3 Va *3 8 13Ta Jan par Jan 40 159 x42% July 14 7% Apr 26 4 4 Playing Card Co—— 10 Plywood Corp_„ 1. Realty &: Impt—-No par drr U S 39,000 120% 21% * 45'% , 3% 1—No Jan 20 11% Jan 44% Nov ' 17 30 U S Rubber Co-«—»—: 10 200 52 51 119'% 213ft 47% .3% 15% 38% *30% 3% 32% 164 6,000 *67 3% 32% *162 1% 125 119% *45 85 15 U S U S 52% 'V A U S Pipe & Foundry— 200 1,800 ' 119 48 3% Tb 51%; 119% 2,300 37% 53 73% • 36% 126% 52% 39% Jun Preferred'v'vL%%hi___—4_iLIO' 1% 38 3 4 % U S Lines 100 42 36 conv cl Prior,, preferred—: 16,800 32 1% 52% Partic & 7534 Oct 19 17 ' 9 Vb *37% 0 52% 53 50% 52% 121 *16 *67 39% 127% 2,900 ' 35% 1% , 16 *8% 42 35% 1% . Jan 6 % May July 13 181% Apr 17 Jan 29 5% Jan 173 ;S, Hoffman Mach "Corp——5, 5% % conv preferred-—50 U S Industrial Chemicals ..-..A'o par U S Leather Co 1 No par 113% 5% 36 3.200 16 *8T« 40 37 4% *111 87o 34 V 2 41 *36% 2,300 16% " *39 U 40 . 34% 113% *111 5% 31 45 *4',2 4% 31% *42% 34 4 % 113% 9 ■ 8% 9% 30% 32 32 438 *8 To 934 32% 113% 43i 5% :n6n:rr' *9 • 5 15 34 16% 2 34:% 32 Ve 4% 113 V 2 *112 42 V 4212 *42 % *34 . 9% . 59 __ 10 9 " *9% 19 8 NOV 61 Oct 152 %: De& V 18% 18% 16% 18% 10% 10% 10 10% «*5= *119% *35 37 37 *119% 120 120 *42 43% 41% 42 *60 62% 60 60 *62 % 70 23% *3% 23% 3% . *61 % 22% 9% 35 3% 49 *117 118 116-% 117 39 39 37 38% 18% 9% *34 9% *41 % 42 X41 *53 *61% 70 *61 70 *61''2 70 *21 22 Va 22 3% 3% 3% 451'a 46''4 118 47 Va *116% *37% 38 22 3% 118 40 39 *38% 40 % 34 3 4 *33% 34 100% 100 % *143 150 "143 100% 150 *38% 34 ■ 600 39 40% 7%; Lst: preferred. Vick Chemical Co—1 20 4,800 118 *38% ' 48% -2,200" 80 Va-Carolina 6% Va Iron Coal & Coke ; --- 6 30 May 50 July 55 Jan 55 Sep 60 Nov 25% Jan 65 Feb 15 6 7'/a May "12 2% Jan jtOO 5%. pid 25 Jan 5 26% Feb Jan 15 20 % Jan 14 27 Jan 14 29V4 Jan -2 6 15 Jan 18% May. 1 Jan H'% Mar Dec 116'A July 42 Dec 1 Jan 2T« Oct 22% Jan 40 \\ Oct Aug 30 110% May xl23 ,; 45 Oct 1 x397n Sep 22 35% Sep 100 : 112% 20Tb 26 1 80 Jail 8 110 100 Vulcan Detinning Cp Preferred Jun Mar 638 Jplv 8 Aug 18 113 Jan 26 148 Jun 15 39%'Oct 30 ^^-2.5 7V4 19 68 % July 4 y 39 Virginian Ry Co-.-,-^— 6 c"c preferred—— 150 12 Aug 28 22 116- 100 *143 Jun 44% Oct 118 Mar 15 Jan 21% Nov .... Va El &; Pow 86 pref 280 100 21 57 Works.4. Chemical 1,300 104 25 37 Va Oct 51 div partic preferred 40 % *98 12% Feb 40% May 26 34% - Jun 253o July 15 7 11 15% Jan 115 Vicks Shreve & Pa_c Ry. 5V non-cum preferred Victor Chemical 14% 4 8% Jan 25% Jan Co%_--_.,2.50 700 • 3-%, 118 " Norman •110 ;' :%■ 21% 40 *33% 150 3% 118 34 *143 21% Van Van Raalte Co Inc ' 48 39% *98 : 119% 48 39% 150 600 60 *119% Vanadium Corp of Am—1—No par. 200 : v 41 60 119% 33% *143 10 *53 119% 34% 102 3,900 35 60 40% *98 10 41% 34 % 104 18 35 35 *39% *100% 17% 119% 23% 3% 9-% 35 18 41 Va 70 46% 18 119% *55 50 *49 % 17 14 • ,117'A Dec Jan 21% Nov 24 Apr 31% 26 May 70 Jun 120 Mar 29% Jan Oct 96% Mar. 138 Jan W 37 37% *10% 34% 36 10% 10% 10% 26 26 *105 110 *25% *105 34% 25% 110 For footnotes see page http://fraser.stlouisfed.org/ ltlllp|fflll|Slll^^ Federal Reserve Bank of St. Louis 35% 36 % 10% 10% 10% 10% 25% 25% 26 26 *105 1955. 35% 110 *105 110 36 36% 10% 25% 3,200 *lut liu , Wabash 1,900 10% X25% - Waldorf 1,000 Walgreen Co— 4V>% RR 4%fV preferred System— No preferred No — 100 par par —100 24% Jan 4 7% Jan* 5 20% Jan 103 Feb 2 10 11% May 29 28% July 15 109 Jun 10 21 V-4 July 6% Mar 30% 16 20% Nov 102 Va Oct 97 Va Apr Jun Jan 7T$ Nov Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 195 NEW YORK STOCK RECORD AND HIGH SALE LOW '7 Monday Saturday " Nov. 8 Nov. 6 S per snare $ *48% 49% 48 4812 *17% 18% '*17% Nov. H> Nov. 9 $ per $ per share share per J 1814 47% 17% Friday share t per 48:% 18 ■ %A: STOCKS YORK Range fop Previous STOCK - Range Since January 1 Lowest Highest EXCHANGE Par Walker'(Hiram) G & W. No Dlv redeem preferred—No 1,900 - NEW Shares 49 *17% 18 V the Week $ per share 48% "17% Sales for Nov. 13 Nov, It • , share X4.8 47% 17% •• A-, Thursday Wednesday Tuesday • PRICES 100 ■ t per share par 38% Jan 15% Jan 4 65/a 6% 6V3 7% 6% 6% 17,300 8'A 8 % 8'a 8% *8% 8V2 700 7Va 7'A 6% 7% 9% 9 9 1 % 1% 1% 40% 44 45% 42% 43% 44% 11% 10% 11% 10% 11% *24 'a 25 *24 1% 1 % 46% 11 "A *24 25 *21% 21 Va 21% " 14 % 13% 14% -23% '•'24 24 6'4 • % •' *1% 4% Jan 2 ..No par 4% Jan 5' ^ ii 21% 21% ; 21% 21 % *21 14% i t " 13 Va 14 % 14% 14% *14 23% 23 J 23% 6 514 23'% 23 " f * 5% 5% No Webster 2,200 Wesson.Oil & Snowdrift A 211/4 V4: 21% 21 % I 5% 21 78% ./ *77% 78'% *77 % 78% *76% 14% 14% 13% 14% I 13V4 13% 21 , Wayne Pump Co 78% No ; 20 ' 7 Jan 6 % May 16 32% Apr 21 % Apr 24% 23% Sep 1 17% Jun 2 12 5 26 2% Jan 39% Feb 4- Jan 14 13 NOV 3 July 15' May 59% May . Oct 11% Jan ; 1% Jan 26% July 2 Jan 21 79% Nov 3 8% Jan 4. 17% Jun 7 4 85 Aug 20 4 99 Oct 14 7% Aug 34 Apr 41% Apr 87% Oct 11 33 3 102 69 Jan 19 • ■■ Deo July 23 .8% July 8 8 17% Jan ■ . 3% 13% Jun 4 17% Jan par 29% NoV • Oct. 4 . Nov : TV •NbT Feb 4 12% Jan No par Oct 5% NOV . July 6 15% July 13 I Nov 1.6 % 2% 56 - •' share 41% . Apr 15% Jan .... No par preferred- $4 conv 4% S per > . 3% May 29 2% Mar 29 22% Oct-11-J par —5 —l Eisenlohr "■ Jan 7% Jan -No par - 400 2214 21 Waukesha Motor Co 9,900 "77 % 21 Fdy & Pipe Washington Gas Lt Co 900 26 5 5% 78% 22 V4 Warren 500 15 Pictures 23 % 5% *77% 22 Warner 100 *22% Va 5% 'r 51,300 Bros % Jan :_50 : 25 Apr 13% Alar ravi'*y."' Highest 31% 13 No par preferred— 21% 24 21 % * $7 1S'42 S per share 27 par No ; Ward Baking Co cl- A Class. B— 1,400 ll'A Walworth Co 1,900 45 V4 10% 11% 11% 1% 451/4 1% 45 24 25 *22% 0»/4 % 1 '*'4 * 54% Oct 18% Slay 23 9% Jim 5 • *8 % $ per. share 12 par Year Lowest 20% Jaa X71% •Nov - 10%. No 7 Vi ' 83% 83% 82 83% r 95% 95% 95 % 95 y4 $ 86% 86% 85% 86 niG 16% 15% 107 28 *106% 28 ^ * 28 ; 81% 82' 94 Va 82% 94 % 94 Va West Indies Sugar Corp West Penh Electric class A_..A'o 9,200 27% 27 5 *106% *3 A 3% 2% 3v:» $' ';'()% 7% 6 6% $ 2% 6% I 180 31 6% 1 . par . 100 . 100 44 40% 43% t 41 Va 42% 20% 19% 20% •#'' 19% 20% West '1,200 ? 42% 43% 41% 42% xl9% 20% 20*/4 20%, ^ Power ... . . 50% Jan . Western 700 4% 67% Jan 57 4% 'V pfd—:.100 Supply Co__ . 931 88% 124% 126 •'33% 35% *25 25 98% Xl22% .,,19 10 98% Jan Ry—-100 2nd preferred—100 ''21% 67% 66 67 *18 18% 18 18% 17% 66 Va 18% 98% 20 18 38% 58 98% 21% *67 25 24 . * 103% *107% *96 Va 26% Jan 15 % Jan 98 .120 .A 31 220 1 400 We.stva.co Chlorine Procl 10 i 7% 7% 6% 110 4% 5 V* 68% 68% *67'3 25 % 26 20% 20% 20V4 66'% 66 66 ; 350 17% 18 17% 17% i 400 17% 18 18% 19 Va 18% 14,600 White Motor Co White Rock Alin Springs,..—No par White Sewing Mach Corp 2—1'.. $4 conv preferred .-INo. par Prior preferred2.20 6 %■ 18 3,300 6% 6% 6% 6% 6% : 2,600 5" % 4% 70 4% 5 4% 5 ,4,800 \ 80 65 67 66 66 25 25 25 25 *64 69 *23 % 25 " 25'a 25 Va ! 400 5'% 5% ■ 7% 53a 12 Va 11% 6% 7 Va GTa - 80% 83% *82% 10% 10% *119 119 —• *21 21% 82 4% 12 5% 7% *72 10% 4% 80 7 *78% 10% *10% 4% 7 21 20 20 37% 37% 36% f 21% 20% 20'%' a *19% 600 L V 21 1 10 600 36% 36% 36% 36 Va 3612 8,600 20% 20% 21% 21% 20% 21 Va 5,100 21% ' *102 120 *102 110 *98 *75 110 *49% 52 92'-j 92 46% 50 110 *48 90 69% *68 Va *68 * 47'% 50 45 % *102 110 *102 110 *98 *47 110 *98 6% Motors—. preferred- conv i~ 1 ulO - .J..—;..LNo par $6 preferred Wilson-Jones —No par Co 109 22 Mar 51 * *83 93 Va 27% 90 , *45 Va 48 A 51 *48 Va 51 — —i 'Jan , Apr 99, 18 Jan 2V *90 92 90 "66 *27 *66 68 23 *26% 27 Va SO . 27% Feb Jan 15% Deb, T,53a Jaa. 3 8 1713 Jan 9 1% Apr 1% Aug 2% 4% 8% De-3 Oct 143a July 14 9% Sep 20 .86% Oct 2 27 . 1 Apr 30 11% Apr 119 ' 51 Sep Jan 3% 7 V 53 Jan Deo Oct 2% 6% ■ 73% •. Jan Jaa 6 Nov 24 Va July -10A... 30% Jan 2 42% July Worthington P & M (Del) No par 16% Jan 20 25% Oct 7% preferred A— 100 .110% Oct 21 %'/ 149 Sep \ 6% preferred B—— 134 —100 .1003 t Oct 4 Sep Prior pfd 4%% series 54 Jun 100 44% Jan 9 Prior pfd 4%% Conv series—200 46 Jan 9 •57%. Jun 108 Wright Aeronautical Aro par 87% Sep 20 Apr 70 % Sep Wrigley (Win) Jr (Del) A:o par 53% Jaii 4 12 107% Jua 2 3 16% Dee 110% Jaa- 31 21% May 14% Jun 23 Oct 24 ,;ra Deo 27 28 ' 12% 11% 12 Va 11% 12 36% 36 Va 34% 35% 34 VA 35 95 95 98 95 11% 11V* 10% 11V4 32% 32% 30% 3% 3% 3% 12% , "Bid *95 • 200 ■' _ ——— . 90 80 ■ < 67 26% 200 . . • 96 V a 10% 11 11% 31% 30% 31 31% 3 2'A 3"a 3% 3% 4,600 Mfg. Co 23 Young Spring & Wire No par Youngstown Sheet & Tube—No par 0W.0' preferred series A ^1—100 Youngstown Steel Door No par 31% 3,600 Zenith Radio 3% 3,800 Zonite Products Corp., 35 7 98 3% this day. Yale & Towne 30% 97 10 Va 1,500 123'» 35% 98 96 no sales on :■<' 12 35% 3% 27 11% ; 11 Va 12 Va 3512 asked prices; and 12% V3 '.A.V.V ■ • — — /■--■■■ V % — 3(2, Jin receivership, Deferred delivery, a Transactions at the New York Stock 2,800 12,700 a > 380 nNew Stock, r Cash sale, s Stocks, 117 NOV 106 20 125 July Nov 117 Mar 42% aun 54 Jaa 13 44 Jun 57% Jaa 20 BO Jun 104 Jan 29 .39 Apr 62 Jsa 18 1 ' Special sales. - - — Thursday Friday 78 Jan 37 Oct 7 7 Ms r 12% Jfio 82 Jan 4 98 Nov 9 % Jan 2 16% Jun 19% Jan wdWhen distributed. Bond Bonds Bonds $323,000 845.000 384,000 418,000 $32,000 12 8% 37 % July 13 2 4% May 10 Jan x-Ex-dividends. (Number 1 5,030.000 Sales 21,000 y ; $178,000' Shares) . Stocks—NO. Of shares- - 5,907,167 .. 3,903,763 Tuesday Wednesday Thursday Friday S. 7,878,600 $52,161,400 1943 Ex-rights. V. - Foreign Foreign Domestio Government industrial— Total - Corporate $10,000 $2,000 $480,000 69,000 1.161,000 1,004,000 72,000 8,009 —„ 57.000 13,000 909,000 . , 177,640 Total — —. 764,000 12,000 1,393,324 — '$4,229,000 S220.000 1943 1,393,324 —- 99,823,554 .$32,900 $3,060,375 $6,187,550 2,368,000 49,615,400 2,864.009 104,514,609 105,881.000 38.032,100 2,828,793,209 1,905,766,100 S52,161,400 1942 2,000 \ $25,000 773,000 ,$4,474,000 Jan. 1 to Nov. 12 '. 613,425 1943 64,389,206 1942 16,738,138 $3,509,000 $192,195,000 $147,142,500 248.000 11.801.000 3,641,000 8,000 1,222,000 . 655,000 $4,474,000 $3,765,000 $205,218,009 $151,438,500 $4,229,000 220,000 ; Foreign corporate Total Slock and Bond - the 979,000 : 25,000 Domestic Foreign government $40,929,000 $2,936,368,175 $2,017,834,650 ■ are 1,076,000 HOLIDAY — — " Below Total S468,000 1,084,000 216,305, - Stocks^-No. of shares 250,546,491 • Bonds (Par Value) Bonds — & Exchange . 1942 $178,000 Government Railroad Deo 2% Jan 379,630 - - Bonds U. Foreign 20 Jan 534,170 - Jan. 1 to Nov. 12 1942 Feb 1% May Week Ended Nov. 12 Week Ended Nov. 12 1943 7% Nov 85.615 Monday 11%00,500 52,000 $2,308,000 Week Elided Nov. 12,1943 Saturday 13.891.800 24,000 HOLIDAY 393,000 ' "■■■■' / of $3,660,500 49.000 $49,615,400 37% 12 41% July 14 Stocks Government Foreign Bonds 5,907,167 Total 23% Oct 5 Apr 28% Jua 17% July 13 0 .2 Total $3,305,500 1 4,136,000 13.486.800 11,258,500 7,428.600 15% Jan 10 4 Jan Daily, Weekly and Yearly United States 337,110 2,340,180 1.507,440 926,070 796,367 31% Sep 13 7 % Jan 30 Transactions at ike New York Curb Exchange Shares Week Ended Nov. 12, 1943 Saturday Monday Tuesday Wednesday Railroad and MisceU 21% Jan No par Corp Daily, Y/eekty and Yearly Number 0/ daily closing averages of representative stocks and bonds listed on Averages ll.!:;/! the New York Stock Exchange as -Stocks- • 20 15 19 First Second 10 65 Indus¬ Grade Grade Utili¬ trials Rails Rails ties 6— November 8_— November 9 November 10_ . . . 46,74 107.11 100.84 65.46 110.55 45.15 106.94 100.05 63.99 110.50 45.40 106.91 100.11 64.29 110.40 . 95.43 20,77 45.78 107.01 100.63 64.84 110.19 .95.67 20.91 45.67 106.93 100.60 110.21 95.56 Rail¬ trials November roads ties 135.24 33.55 21.12 131.68 31.80 20.15 131.85 32.21 20.53 132.68 32.62 November H— November 12 Utili¬ Stocks HOLIDAY 132.15 32.57 10 Total Indus¬ Date— compiled by Dow, Jones & Co. Bonds— • 10 30 "•■,: 21% Jaa y 28 v. 22!* Jan-.;: Apr 3% Sen ' , ' 5% Nov 63i July 19 9 % Jun .28 <27 '- , Jan Jun Mar - 1% Apr 40 May .15% Apr 86 , Jan Apr Jaav' 93 July 12 115 Oct 50 69% 108» July 26 7% Oct 1 40 Jan 15 x203% Jan 19 2% Jail 2 2% Jan *2 ..8 Jan y 6 4% Jan%2 57% Jan 4 Jan ioa% 17% Deo 22% Aug .11 , 31% :/ ■ 12% July : 2%;Jan A 8 ... Deo 53% Dee. 3 % Jan A5 . Dec ! Jan 32% 24% July 22 ' 13% Jan^2 '% . 127 •} Deo 71%. July 14 •21% July 20 5 14 jaii 42 V* ' 6 83 : 100% Jun Oct .25 9 . Woolworth (P W) Co - 1 ': 48 67% 67 68 : 5 112 % Jun. 23 60 :9 10 29% May . Oct 19% Feb Apr Mar .13 %n 30 Aug 23 53'"% Jan pfd—-100. Woodward Iron Co__y—Ai- 3 July. 9 -15 10 , Wisconsin Eb Pow 6% Jun 40 Jan 8% Apr 138 Deo 3%' - V 110 *45% *47- 47% 63% 5 Jan . *48% , 112 *98 110 -98 -_5 Willys-Overland Wilson .& Co.Inc 600 , 119 X35% 37% 21% *201 21,400 10%. 119 Wilcox Oil & Gas CO 4,100 * 20% 44,700 Va 80 10'A *119 ,2.300 12 11% 7% 79% 79% *119 4% *4% 12 12 7% *10'» 10% -- 4'A 4'A 4% 4% 11% 7% : *10% * 4% 12'% 12% V 4 3% 85 . 2-1 % . ' 4% 4%. . ■' May '.Jan '12 52 66 % . •13 Ta 1 24% N6v "12 . 18 • 27 Feb Jan 20 Apr v Jan 13 104% 4% May 23% Feb July 106% Jdn 15 . 20% 7%' 5% 4% ...No Par 66% v 2. 100 „ 12'.50 $4.50 preferred:—1; ■—.No par Wheeling & -Lake Erie Ry__—2L100 5% % conv preferred siiAai 100 Wheeling Steel Corp_A ANo.par $5 conv prior pref_ No par White Dental Mfg (The S S) 20 120 93 Elec- Instrument *17% *5% 4% partic- preferred..-,.——250 Weston V ' * 1st- 300 113% 12% May 24% May 29 *Jan ^2 :50 : 20 Va ' 49% Oct 4 r Jan i Jan 93 Sep • 53 Va *96 7 ..81 ■■ 7,500 24% *58 2 West-lnghous® El & Mfg— r 108 107 Va 58 s 2 . 32 53 58 30% Sep 20 6% Apr 5 11% Apr 3 2% Jan . 97 Jan 104 ' Apr May 10% Sep Sep 22 5% Jan • Westiugliouse Air Brake-—-No £ur : Jun 110 .-91 ' 16% Oct 29 2 Western Union Teleg class A-.No par 125 *31 32% *24% 107% 107% ' 98% 20 *123 32 119 5 7,600 90 123%' 123% 25 *24'% :o% 22 / 89 32'% 59% 98% 9014 89% 122 % 32% 109% *58 59% 89 VV X87 34 *107% 109% *58 124i *33 25% *107% 921 126% 93% 8 Jan 29,100 • * Jan 103 ' . 2 Jan%5 11% . . Maryland non-eum Jan 109 .-No par preferred——J-.a-———100 Western Auto 2,200 3 Va , Peim 6> • IV* 3 8 L preferred preferred West Va Pulp & Pap Co 2,700 ' *6% 3', b a 6% 100 . Va 27% 27% 7% 140 103 27% *6% 20% 15 180 ' . 116 15% 107 27% 2%. 43% 116 *106 Va 15% *15% 107 84 *82 116% *116 15% 15%' 84 *82 116 % U5Vb f *106% 107 27 86% 82 94% 80 94% 14 * | 16 Va •"116 116% *15% *106% 78% 94 85 % 116% 13% 14 13% Total 40 Bonds 95.99 95.37 HOLIDAY 64.51 1 irnfuwilinifum muriiiii'nfut THE COMMERCIAL & FINANCIAL 1956 CHRONICLE Monday;1 November 15, 1943 S23S Bond Record Mew 7orZi Stock «» FRIDAY NOTICE—Prices "and Income and defaulted bonds. Cash and deferred delivery sales the regular weekly range are shown in a footnote In the week in which they occur. S. U. Treasuty 3%s— 3'As Treasury 3'As Treasury 3'AS Treasury Treanry . 3s Treasury 3s 2%s 23As 23As 23As 23As 23/4S— 23As 2'As. 2'As 2'As 2'As 2'As 2'As Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury : 2'As Treasury 2'As Treasury 2'As Treasury 1967-1972 1951-1953 1952-1955 ...1954-1956 2s 1947 2s___..Mar 1948-1950 2s ,__._Dec 1948-1950 2s__— Jun 1949-1951 2s ____-____Sep 1949-1951 2s.._. Dec 1949-1951 2s ..March 1950-1952 2s Sept 1950-1952 2s ———1951-1953 2s 1951-1955 2s 1953-1955 l3As June 15 1948 2'As 2 As 2'As Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury .... Ireaaurj Treasury Treasury Federal Farm 3s Loan Owners' 112.18 206.3 M-S *101.6 a 6s J-D *105.23 105.25 105.29 *110.14 110.16 110.13 110.27 J-D *105.12 105.14 105.17 106 : m-s *111.14 111.16 110.6 111.28 MS *111.28 111.30 109.9 103.18 103.18 A6 Period sinking fund 6s- 1962 Last or bale Price sinking fund 6s A-0 1962 A-0 1963 Friday's 1957 J-D 1957 J-D — fund 63As 1961 A-0 :„1962 19% 111.26 *111.14 111.16 J-D 108.21 108.26 A 112.20 J-D J-D *106.24 106.26 M-S *107.13 107.15 M-S *103.25 103.27 104.20 MS *103.19 103.21 104 104 J-D *100.14 100.16 J-D '100.5 1962 18 % 18% 18 % A6s of 16% 100.10 100.3 10 100.5 100 100.4 5 100.1 100.4 ' 56 100.6 100.12 101.4 J-D *106.14 106.16 104.30 105.7 J-J "101.25 101.27 101.25 102.13 M-S 100.12 100.12 J-D 107.7 107.7 J-D *104.4 104.0 M-S 15 106.23 *101.30 102 107.7 9 J-D 24% M-S *101.4 104.20 101.1 301.4 100.15 M-S 100.15 100.15 25 100.30 100.2 1952 J-D gold 5'As 1955 101.10 100.9 101.12 Customs Admin 5'As 2d series series 1st 5'As 2d AEstonia J-D 102.27 100.10 sink fund 5'As 1940 (Republic of) 7s Greek 109 108% 109 'A 103'% 49 110% 30% 19 47% 73 13 45 73 66% 45 42% 66% 66 % 66 : *85 __ *85 — '70% — A-0 M-S 1945 87 Sc J-D paid J-J *28 42% *95 —. — 20 18% 18% A-O 1960 M-N 6s 1948 *53 1968 A-O *6% f 5s s State Mtge Bk) (Colombia) 6'as 7s • 1945 A 6s 1954 External s f f 7s series D s f 7s 1945 7s series C s AExternal 1st (US) assented extl 1945 S f external 4'As S f extl loan conv S f extl loan Australia of 5s 5s of 1943 Q-J *17% -*17% 58% external 8s__ 1941 f 6'As of 1926 1957 f 6'As of 1927 1957 Ry) s f 5s 1952 gold 1957 6s_ *100 External 1976 readj 4%-4%s s f 4'A-43As External 3^r external (Dora 25-year 30-year - 30-year f $ s «._1970 i960 1961 1967 3s A 15 AChile (Rep) 85% 84% 72 79 15 8s s f 7s 33 82 94% 94 ■■ 1958 s A Extl uos Ai-v sinking fund 6s sinking »s Afis Vn»- 6s assented external AFvM ZIl960 i960 fund s Rlnktns fund ; 6s assented 1961 1901 jan 1961 Sep 1961 Sep see page 19C0. 1961 18% 89% *84 84 32% 32% 93 '85 F-A 93% 93 % 95 4 04% • 2 82'% 95 " .1956 fund 4%s extl loan M-S A-O 96 96 8 if 77% 1963 4'As— F-A 94 94 2 ; 80% f 5s s 94 *87 97 71 87'% 72 84 1970 93 %• * 98 A-O A-1963 I 83% ~~ 83% 2 95% 101% 85% 5 82% 100 V8 08 M-N : f 100 % 98 J-D 1955 (City) sink fund 4'As (Rep) extl f 5s s ser 1963 J-D 1967 13 83% M-S 94% 79 91 24 96% i-L'V ref sec 3'As series B (State of) ANat Loan extl iAPoland 98% 96'A 7s 1947 90 70 91% 73 92 104 104 *105 M-S 26% ..... 26 «L» 26'% 6 14% - - v.. 97' . 1G:% 17% 18 13% 16 15 3 4 16% 119 12% 23% A-0 16 15 "2 16% 85 13 23'% 12% 16 gold 6s 1940 1958 gold 8s Alegre (City of) 8s A-O J-J 1963 sink fund ■l./"-*5 A-0 1950 f 7s s *4% A-O 1947 1968 loan 17'A A-0 J-J —1961 1966 54% APrague (City of Greater) 7'As—1952 Queensland 51% ARlo 34 47% 45 47% 36 34% 92 92 92 25 87 92% 8 83 94 95% 95% 1 87 A Extl 95% 92% de 97 51% (State) ■ 13% 23 13% 13% *3% *12% ...... sec 6s 2 *95 - 73% 99 73% 92% 17% 16 15 20% 15% 12V4 17 J-D 30 29 30 12 17% 30% J-J 28 27% 28 4 17% 30 96 68% 78% 77 %4 124 69% A 7s 75% 75% 78'% 29 70 79% 76 79% i\ l* 35 71% 80% 60 •%{ 'i-> ,1 >48% 60% 57 107% 111% 101% 107% 1 -V Si-i 60 * ' 109%' H'109% 109%' 105 105 103 102% 103 -7 105 ' 5 102% 103% [5 ! >! . 1 ' 11 'H '• 103% 103 '.4 & — 2* co 3 municipal 19% 18% • 104% A8s secured A7s series 105% ASllesla 19% 105% f 5'As 20% 26 19% 21 21 — 21 21 19% 2 i6y4 30 25 20 33% 18 17 11 18 31% 31% 26% *30 29% ,28 70:,a :sf'* 2 External External ?.* ($ M-N 44 ' 48% 46% 62 72% 10 72 % *14 15% M-N *14 15%. *11 14%;: J-D *11 14'A F-A . 20 11 19% vf 11 % KO'z ■* 14% 11 13% r; •?.>■)<? ; -J *94% fund P-A M-N ! *86 1964 6s 1948 1960 6s bonds of M-N "87 *:. *88 ••• i ; 85 95 84 87 '' 78 1979 3%-4%-4ft readjustment external % 66 M-N *56 66% 1978 F-A *39% 71% 1984 7s 15 *56 J-D F-A F-A ..... 12 11 64 72% 61% 69 60 5 72% 52% _ 12 68 66 ■ "61% J-J 1958 1958 88 ■ 66% 1979 conv 3'As extl readjustment (City) 66 1978 conversion extl M-N 88 85% 1:" - 1937)— readjustment 4-4v4-4'As ext.! A Warsaw 25 ><• 48% 29% 28 :.■//:. 2 30 . 52% 32 ' 30% J-D —1955 extl 8s fund * 26 % 33 32 1%% 1 82 34 17% .4: 32 34 31 73% 18% 30 32 r™ 17% 37 *20% 32 2 80 32% ■ rvf 18% 18 31 " AUruguay (Republic) AExternal sink 'l 19% 25% 1958 ..1962 7s A4'As assented 25% 33 (Kingdom)— 1962 extl s 101 18'% 1958 of) (Prov 18% 18% 7s extl AExternal sink 19% J-J sec 3%s-4-4'As ,;v —1936 external B 26% fi/ 8s Serbs Croats & Slovenes 25% __ ' M-N A-0 19% 19 % 1957 1940 18% 19% f s 28 101% 54 90% 11 78 % 30% 104% 30 16 30 *30 . J-J f A .100% 101 26% 78% :. M-S 3 23% M-S J-J 24% 19% ': J-D M-N 1950 103% . — 1967 1968 26 18% — 27% 1952 — s —- ; 26% 26 1956 § A Secured - . 25 27% loan 62 19% 25% M-N 1 30 extl water 181/4 21 19 % J-D 1964 external 20% 21 .24% 31 extl dollar loan fi 19 Va 25% A-O A7s Sydney (City) 21% 18'V F-A A6s 101% 100% loan A6'As extl secured IA San Paulo (State) A8s 7 i: 29 1968 (City of Brazil) 8s 97% ■ 103% 104 103 '% 97% 3 *103% 103% ■ 7 >42 Vn 29% 1966 fund gold Fe external sink fund 4s Paulo ■ 100% 1946 external loan of 1926 ASao *: F-A A-0 (State of)— external sink Santa 78 ' M-N 1947 8s extl loan of 1921 A 6s 95 78'%' 74% ;;p> 74 23 12% 19,46 8s 6'As Rio Grande do Sul A extl (City of) 24% f *21% 13% _1953 Janeiro 28 M-S AExternal loan 7'As 100% 3% J-D 4'As assented A Porto 100 .; .. 1959 A4'As assented a 73 89 *82% *82% . : 1960 ser A4'As assented AExternal 72% f 6s 2d ser_—1961 s (Rep of) A Stabilization 100% 96% 7,-wL >W™r' * " M-N 1994 50% 1961 Feb assented footnotes Feb Jan f 6s M-N 14 : -- 1965 tund 36% 1942 assented. 18% ■rl 27'% A-0 34::. __ a«s 26 % *90 — F-A 43 49 1942 assented- AExternal 27 \u 1958 131 . 1954 External fund 26% 1944 6s sink 85% 94 — A 7s 1957 5s 123 1953 (City) f 26% (State) — 51% 1943 15 Carlsbad _1959 46% .. Jan Jan Jan J-D 46% 1968 2'As 3s 18% — M-S 44 1984 , of) 30-yr 4s 3'As_. 3s 3s * 5 44% 51% _1975 bonds 18% M-S 46% — Canada J-J 46% 1961 1977 f 4'A-4'As s j 1952 A 7s f 4'/8-43/eS s Refunding 15 ' (Province of)— stamped External 93% 78% *100% 1950 . 9 12'% 11% 17% 14 > 19% 10% 15 1959 7s (Rep of) external 7s ANat loan extl s f 6s 1st ' 1958 5s fund gold Aires 84% *100% 108 • — A 6s 54 90% 89 1955 Buenos ..77:7' 141 89 " 1949 s 18% 74 10% ' f 5s ? APernambuco 101% 93 y4 s 12% 1933 ; external sink 12% 13% 38 1958 A_ Wales s 9 12% 17% 18% J-J Ext 59% 96% 93% AExternal 11% J-D A Stamped assented 5s Stamp mod 3'as ext to__ 23% 42 8 131 84% AExternal 98 17% *17 17% 1954 A Peru 1955 fund 16 58% 93% f 7s (City) series APanama 1 5 18 57% 99% 100 1957 1956 , '^.7'- '7 ■ 84% 1928 L 7; ; : . ■ >972 f 6s Sinking Sinking 18 92% s Brisbane 20% *17% 1 84% s (Central 23% 23'% 82 17 1945 f 6'As s (City) Municipal Bank extl ' 84% External A7s 10 '/* 2 92% 1927 (U S of) 24 20% 15% 98 *8% Q-J f 6'As s sink Oslo 21 95 M-N 1945 .—-.1945 1899 £ 24 15% i-L--''" 18 84% External {ABrazil 16 20 Va 18 • __1972 external 6'As Belgium • 5s of'25-1G55 (Commonw'lth) External 24 92% 4s Feb External g 4V2S of ?4 15% 1971 loan 4s Apr conv ' 1948 4'As conv 15% 4 *171/8 L— 1957 f 7s 3rd series__1957 Antwerp (City) external 5s 1958 Argentine (National Government)— f 2 18 97 11 ' 1957 A 8 17% 17% 70 85 (State)— external South 4s 62% 20 *15% 98 24 85 Irrigation— stamped External 54% 17% vr" . 17% 1945 series AExternal sec s f 7s 2d series s _ 7 46 ••' J-D 23% 12 *8 J-D 1954 - (Provj 4s readjusted External 55 100 68% *75 ■ . ! 7s series B 44 1« A-0 . *62 4s coll 7s A— 54'% 31 ,99 15% *95% 1957 External *53 89 18% 89% 20 1960 Fvee State extl Externa! fund sec ' 97 1952 Norway _1947 (King of Norway) AExternal ■ ■ 1968 A Sec (Colombia)— AExternal A II 99 paid— AMontevideo 1-1693 88% *100% 1964 part ASec external Municipal 6s f 2 87% M-S 1949 87 1949 part Mlnas Geraes Teletype 87% 72 — 86% 72 . A-O L.1967 AAssentlng 5s of 1899__; Broadway, New York tund s 69% 72 ■ A-0 A-O A7s A4'As NY 74 Government— a Mexico Members New York Stock Exchange 60 3 73% A-O 7s unstamped 61 60 72% 73 extl 6s French Republic 7s stamped 107 137% 38% F-A 1969 (Republic) 104 % 106% . 72% 1969 series % 60 — M-S 99 % 21 138% J-J 1961 series *106% — • 99'% 103% 72% *59% 98 102 102% *103 % 101 % 102% r- *137% *101.8 100.10 100 A-O §A2d 101.5 29 J-D 100.29 -- 58 19 J-J 103.16 101.5 39 *102% '' 99% A-0 60 6 1945 100.12 101.3 40 8 1953 5'As 38 38 8 21% F-A 103.16 *101.4 60 55% j-d wks ,37 30 % 30% 20% 1949 105.6 *101.1 36% 2 - *100 __ 64 64 48% 53% 1977 100.7 M-N • 52 52 38% 37 '-..r > 56% • debt 100.2 J-D 16 37%: 37% 4'As *100.5 ioiTn 102728 1 27 loan *105.4 >~ 60'% external J-D 101.8 60 F-A New AExternal 25% 44 % *36'/H t M-S External Wertheim & Co. iDept) 23 18 60 % *36'/» 'i; 1949 J-D J-D : — 1944 External gold 4'As .—1962 J A Dominican Rep Cust Ad 5'As—1942 § A 1st series 5'As of 1926 1940 100.9 . '—. (Republic of) 5s of 1904 100.5 100.4 41 • M-N F-A AAssenling 4s of 1904 AAssentlng 4s of 1910 5ATreasury 6s of 1913 assent sink 16 3 60% A-0 External 5s of 1914 series A A Public 100.26 100.9 *100.23 100.25 100.15 1946 Sinking fund 5'As 101.4 100.23 12 1947 —1947 ACzechoslovakia (Rep ox) 8s ser A-1951 ASinking fund 8s series B 1952 fiADenmark 20-year extl 6s 1942 Foreign Securities AGtd 24 43% = 55% Mexican AAntloquia 22% 60% 60% 43% 20% 4'As 101.2 60% J-J A'O M-N External 100.28 A-0 1961 1970 bonds M-Nx 104.20 100.26 101.6 J-D M-S 107.8 100.14 *104.20 104.22 *101.10 101.12 M-S v loTIT 102~7~ J-D Jan f $ s 1961 1953 AMedellin Akershus .24% 24% 1951 Cuba ' J- J Oct ASinking fund 7s of 1926_; ASinking fund 7s of 1927 Copenhagen (City) 5s 25-year gold 4%s A Costa Rica (Rep of) 7s 100.22 i 100.1 ; AColombla Mtge Bank 6'As 101 100.2% 100 external Mcndoza sink 23% 17% 23 17:% 1991 1927 3s a Jugoslavia AGtd 18% 18% M-S City Bank 24% : i960 1928 106.20. 107.23 100.3 J-D of Issue— Govt. 24 % 24% 17 ' —• Irish Mtge 17 19% —- 20 (Republic of)*— a 6s 103.24 100.4 J-D 107.6 5'As 120 24% 17% 17% — . (Hukuang Ry) 5s Colombia 106 Finland 2-2300 25 24% — M-S 25% 18% 16 21 (Republic) s f 6s series A Helsinglors (City) extl 6'As Foreign 18% 17% __ 33 17% •> M-N 1960 . assented AChinese *106.22 106.24 *100.28 100.30 Telephone 26 15 — 18% 17% .... 18 % M-N 25% 20% — *103.20 103.22 M-S assented Chilean Cons Munic 7s A 7s 111.29 *111.26 1.1128 J-D < A 6s 109.11 108.15 26 18% 19 — 17% A-0 1961 assented AGuaranteed sink fund 6s J-D 1961 AGuaranteed sink fund 6s — 18% J-D 1961 A6s Agricultural 11 — 19 -- High 20% 19% __ Haiti REctor Low - 19 — No. — 108.10 of Range Since January 1 Sold High — 19 % M-N Bonds Bid & Asked — M-N 1963 'As assented a 6s unless they are the onlv transition* computing the range for the year. Law A63As assented 104.26 *111.19 111.21 .1980 York range, sales in Interest 12 assented ASinking 107.10 ,*109.13 109.15 J-D M-S 1945-1947 Unification Exchange Nov. AChile Mortgage Bank 6'As 112.23 103.18 107.3 107.3 Stock Ended a6s assented 106.30 J-D *101.7 —1944-1952 week's such (Continued)— ' AExternal 10L9~ 103.3~ 101.7 *107.1 (Rep) AExternal *106.20 106.22 A'O MS Corporate Stock 3% Chile 114.1 103.21 MS the BONDS York Week High *103.19 103.21 M-N M New New Corp— series A series Low *112.10 112.12 1944-1964 Trunsii No. High >1944-1949 I As January 1 Mortgage Corp— 3'As 3s Home Range Since Sold A-O M-S In No account is taken of v Bonds Friday's J-D . Treasury 2'As Treasury 2'As Treasury or Bid & Asked Sale Price Law .1947-1953 1944-1954 1946-1956 1944-1946 1946-1949 1949-1952 1946-1948 ..1951-1955 1955-1960 —1945-1947 1948-1951 1951-1954 1956-1959 1958-1963 i 1960-1965 I—1945 1948 1949-1953 1950-1952 1952-1954 ——1956-1958 i 1962-1967 1963-1968 June 1964-1969 Dec. 1964-1969 4s Treasury Period Government 4'As Treasury Last Interest Stock Exchange Nov. Pi Ended Week disregarded are indicate in each case the month when the bonds mature. Week's Range Friday BONDS York New Exchang© ->?>. YEARLY - Interest"—except for the column headed "Interest Period" letters in italic The are when outside of and week, the WEEKLY - fie 11 13 10 % 13% ' A4'As assented — : r 12% • . * Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 NEW BONDS New York Week Stock Last Interest < Low Railroad and Industrial M-S 1947 1948 63% F-A 6104'A __ „ J-D 1st Southern 1st mtge 5s—1943 *102% A J-D B *zz — *105'A M-N 1972 J-J 1948 A-O 1948 A-O *90 Albany & Susquehanna RR 3'As—1946 3%s registered 1946 A-O *100 3'As ser A Power 1st 3'As mtge Albany Perfor Wrap Pap 6s 6s with warrants Low 63% 48'/2 1 102 — assented 71'A Carriers & Gen 76% Cart & Adir 108'A 103 106 102 zz 101'A* 90 102 A cent Branch 100 A-O 93 .1950 A-O 87 110 A Ref 62 A 90% M-S 1949 3s A 1st .1967 ^—11967 1995 .-^-1995 Div pur money sink fund 4s 78% 1st 107% 32 107% 67% •3.- 105% Central 13 14 13 *52 55 35 57% 29 20 37% gold 4s__1951 J-D 1946 J-J 1966 RR & income debenture? 74% 109% 98% 51% 74 61 78% 102 102% 103% 106% 15 A-'j ' ' 17 Ref & 2 103% Atchison AO 119% 119% 1995 Nov 106 ..1995 4s gold 4s of 1910 108% gold 5s Gulf llO'A 110% • ill'A 96% 95'A ■ ' 105'/a • 105 20 impt M 3'As 107% 108 3'As 120% July 1952 - -102 hi 4s 107% 1st 103 107% 102 A ' • 103% 189 /67% 90% 71 86'A 1948 J-J 35% 34'A 36% 33 1948 J-J 33 33 34% 7 tr 5s——1959 J-J Refining deb 3s 89% 91 69% 71% 84 86 'A % 110 63 26'A 107 23% 95'A 25 16% 20 5 107% 13 36 34 106'A 111 95% 96 83 98% 92 »A 92% 7 71% 95 63 % 63% M-N 66 % 184 55% 71% 116 70 M-S 70 2 100 100 101 13 65 72% M-S 135% 135% 74% 105 If 105 130% M-N 137% 106 106 ft 106% 27 102% 108% 106'A 106% 107% 41 102 J-J 108'A J-J 118% 121 115'A 119% 15% 31% 92% 101% 93 3 100 % ..1989 ref 3s_ ' 20% ■ CM T-i n- 19% ref J-J 491 101 100% inc mtge inc M-S 105 /—.A 97'A 102% 97'A 96% F-A 82'A 82'A 84 88% 91 123 J-J 1982 . A 107 43 M-N .1988 2038 J-J __ J-J M-N & gen 6s series B_.__.May 1966 Chicago Ind & Sou 50-year 4s .1956 'A 225 32 47% A'ft,-'A'A 118 124% 76% 55 66 76% 42 39 38% 53 7 48% 58 ft 46% : 31'A 31% 53 20 29% 49% 9% 37 6% 15 % 10 10'A 17 6% 85 J-J »A 46% 9 'A 10%; : 49% 45 9'4 . ft^^,: Aft Aft/ /•? ■ J-J 84 92'A 53 41 ■ 44% ''ft 73% 40 'A 75% J-J 1966 41% 65 . 99% 75 % *124 . J-J 5s series A.; 81 93 88% 1947 1st 134 F-A _„1997 mtge 4'As gen 97'A 1977 (conv). a 96% 1971 A , '■ 17 *100% 103% ■ J-J & 33 102'A 103% 1949 series 101'A *100 J-J 1958 5s 101'A 1949 ..1949 1947 A 105 104 _1949 4s A 1st 40 100'A r ft "ft-: *9% A-O 6 ft" *120 J-J ^.1949 ARefunding gold 5s series B A Refunding 4s series C 45% 29% 6 32% 102 1989 4s ref 4'AS series B & AGen 88 , 92% / F-A XAChic Ind & Louisville ref 6s A..1947 73'A 420 v. 105 — 38% 1946 Chicago & Erie 1st gold 5s Chicago Gt West 1st 4s series 93 % 541 - 105 M-S ~—1953 16% Chicago & Eastern 111 RR— 104 % M-N Division AGen 102'A J-D ' 110 1996 registered 1st & 111% 114% 7 M-S _..Oct 29 107 F-A .1996 General 4s 111% 3 102 },l 1964 A 40% 26 A-O .1992 series E registered Illinois 111% *101% , 85% 18% 37 Chicago Burlington & Quincy RR— - J-J 112% 71 25 F-A 1948 2d consol gold 4s 107 104 6 1952 4'As gold 4s & W I SS coll Atlantic 28 1-12% 112% J-J Atlantic & Danville Ry 1st 4s Second mortgage 4s Atl 1 *107 __ 112% J-D 1944 .1944 1st cons 4s unified coll N & J-J 1946 L 1st 4'/2s A Coast General J-D 1958 30-year 5s series B Atlantic L 1st & Nor & Cliarl A J-D 1960 1st 4s ; 21 106 *110 % __ 19% 173 25 ..1942 JAChicago & Alton RR 114'A 105 "a 106 105'A J-D 1955 Trans-Con Short L Atl Knox M-N 1955 of 1905 Conv Conv 1st 114 .1995 Stamped 4s Conv gold 4s of 1909 1)0% 19% 30% Banking— Illinois division 3'As 4s Adjustment gold 4s Atl 113 Topeka & Santa Fe— General 6'A 80 A-O I960 Potts Creek Br 1st 4s... R & A Div 1st cons gold 107 '/a 109 104% 104% 113% 26 26% ' 7s 15 79 'A J-J 1962 5'As A 50 6% 27'A 1987 Prod 23% 27 28 1987 5s 91 118 15% *111% 112 J-J J-J ref gtd gold 57'A 68% 40% — A-O 1961 1987 Chesapeake & Ohio Ry— General gold 4'As Ref & inipt mtge 3'As D 117'A 105 7 6 108% 67'A 104% 105% J-J 107 100% ' *102% — A-O 202 138 114% 108 ' 37 14 30% 14 ■v- 110'A 112 . 39'A A-O A-O 1987 110% 103% 103% * 90% M-N Power 3%s Guaranteed 31 74'A • 49% 88 gold 4s.l949 Through Short L 1st gtd 4s ...1954 91% 106 107'A ft A 30 102 V, 46'/< gold 5s__ 1st 60% 102% 100% 105'A 1 90% 4s_ Y 107 % 48 'A 27 100% 100% ... 101 2 46% Light 3'As Central Pacific ■ F-A registered Central N 103% 2 113% F-A (Deli. 1957 1957 C 110 104 18 4s 106 105% 107% 109 4108'A M-S w 1978 .1978 series 69% 102 162 87%: 105 AGeneral 107% 108% Q-J ,ft gold 4s 62 t 1 12 103 % % Jan Ark & Memphis Ry Bdge & Term 5s 1964 1964 Armour & Co (Del) 4s B 1955 —1955 1st 108% M-S Arbor Ann J-D M-N Anglo-Chilean Nitrate deb 83% 108% 'A-O 3s 94 A. 50 1959 § A 5s stamped 1956 deb 53% 68% 50 104'A 105 110% 3 107% 107% 50 104% High 106% __1959 5s series C___ Certain-teed 1962 ___19G2 Co 60 104 % A-O 1966 debentures.. Tobacco Wat 88 106% 107 Wks & Elec 6s series A—I1975 1975 conv Amer Am debentures 105 J-J American Telephone & Telegraph Co 3'As debentures 1961 3'As i 87 M-N 2030 .1949 95% 62 107% J-D 5%s series B___ gen Illinois Low 16 1945 gen Div No. 1945 Nov XACent New Eng 1st gtd 4s JACentral of N J gen gold 5s 5s registered 100'A 60 % 106% 107 J-J Range Since January I Sold High , 52 *65 106% J-J ....1955 Bonds 109% 109% 99 93% 104;% 104% M-S F-A 1962 & A Mobile 100% 87 F-A .1952 .*70 122 Friday's *89% 106 : 109% '.ft M-N 1981 Ref & AChatt 90'A 94% 101 M-S w_„.___1950 w Alst 108 62 or Sale Price Bid & Asked J-J 1965 1st 1 92'A 1949 gold 4s____l948 XCentral of Georgia Ry— 92 A-O .1951 P 10 99 'A 100% % U 105'A 93'A J-D Corp 5s 101'A 90 Week's Range Last Period 1st gtd mtge 5s— 8 A Consol gold 5s — — 108 'A 108% 90 .1950 deb 5s. Interest 12 Celanese Corp Central Foreign Pow Friday Exchange Nov. gold 4s 3%s deljs Celotex Corp 3%s debs. 104% 102 A-O .1949 & Stock Ended Low Alleghany Corp— Am York Week High 103% — *104'A 107 ' ; 1967 Alabama No. New J-D 1943 A cons series 4s High 64'A J-D 10-year deb 4'As stamped cons January 1 J-D 1953 1948 Coll trust 4s of 1907— Gt Range Since Sold XSACarolina Central 1st gtd 4s Carolina Clinch & Ohio 4s 1953 AStamped Adams Express coll tr gold 4s._. 1st Bonds Companies XAbitibi Power & Paper— 8 A5s series A unstamped Ala BUNDS Friday's or Sale Price Bid & Asked Period \'i YORK BOND RECORD Week's Range Friday '' Exchange Nov. Ended 1957 85 13 66% 93 15% XChicago Milwaukee & St Paul— AGen 1st Ohio & mtge gold 4s July 1948 A-O . 67 % 67 68 Ta 141 Stamped modified bonds— 1st mtge gold (Int at 4 % 1946) 1 Oct Ref Si gen Dec Ref 1 & 1946) 71%- J-D 71% 37% J-D '/•/' 73 150 60% 42'% 36% 38'A 290 32% <: 43% 137 35% 57 37% 38% 32% M-S F-A 37% 25'A 28 34 53'A 1947) J-J 1951 73% J-J 1951 — 74 1st gtd 3s__1989 Beech Creek Extension 1st 3'As__—1951 51% 54 ... 14 /; 70 -40% 62 46 61% Loan Indus 59% 90 60 75'A 45'A 82% 99'A *96% 300/,. A-O 130'A 100 ft 130 99'A 101 A-O 104 »A 105 105'A 99% 103% ft 81 M-N 50 F-A 38 »A 104% 1947 M-N 108'A 92% .12 78, . 92'A 80 — 5s 55% 57 375 68 8 & ref & ref & ref 73% 50 168 39% ; 42 A-O 1934 .> 18% A-O A-O ft 38 23% 46 108% 86% cons National 111 Guaranteed gtd 5s A gold 5s July 1969 Guaranteed gold 5s Guaranteed gold 5s Guaranteed gold 4%s Guaranteed gold 4'As Guaranteed Canadian Can 5s 1962 gold Oct , 21 108% 108% 103% loi'/e 6 104% 109% 96% 20 83'A 16 99 105'A no-' 109* 110'A 109 41 42% Northern Ry deb 6JAs A-O 1951 deb stk perpetual equipment trust ctfs trust Collateral For gold trust footnotes 5s 1946 J-D page 1960. 69 52'A 83 Is 67 69 50%. .J t 17- 54 V4 54 29% M-S 34 '/a 32% 36 J-D J-D 8% 9% 67 74'A 57 58% *50 59 Vftft 4% 13% 70 92% 67 75 53% 71 18 67 73% M-S 40% 2 ftft%pftft . 72 J-D 20% 1 72 A' 57% 3G'A 346 90% A",: •^ 58% 19 638 10'/a /A. ■ft-ft. 70% 35 2,172 33'/a ft M-N 33% 2 31% J-D 46% ' 643 54 A-O .1963 1963 J-J .1963 1963 J-J .1952 1952 4s com 62% 75 .-uftA' '. ft: 14 '-' 49 'ft ; 6? 55% 55% 107% 110% J-J ft ft. 16 104% 105% Aft. ' ; 100 105% 103% 104%, 1962 ..1962 M-S 17 94% 105 % 104% 105, 105 22 97 105% A-O 53 ;ft 49% 53 31 41 48%' 48% 50 17 38 51 51 51% 15, 28% 55% Cincinnati ..1966 1966 F-A 110 110% 108% 111% ..1967 1967 J-D 110% 112 1st Cin & Elec Gas 3'As mtge 3'As_._; Union Term 1st mtge gtd 1st ._1969 1969 50% gold 4s ..1993 1993 58 11% ..1993 Wab Si M Div St L Div Cleveland Elec ftft' 1 81 92 Series C 3'As 74 23 ft/58 75 Series D 3'As gtd 86% 86% ■ft ft 5 77 88 General 4'As 108% 110% 109% 113 71 11 87 54% ft 122 53 Va 54% 77% J-J 56% 79% 89 % 85% 85% 90% 46% 61 13 46 Cleveland & Pittsburgh RR— m-n ..1990 1P90 107% 108% J-J 1970 :: 58% 16 65 83% 106% 109'A 6 . ' - 109 3 108'A 109% 95% 32 117'A 117'A 1 16 107% 109 5 H31/2 118'A 113% 118% & 79 Line s f s f 4'As .A 1973 e.,1973 series C__________ ._1977 inc ft V.ft.TV • "■ ft 94 % 94% 93% 93'/a 93% 56 A-O 84% 82 'A 85% 55 77 % 110 71 13 A-O A-O •76'% ft/ 74% fti-'i—ftft.; 86 % .- 15 87 99 75% 94 64 % v. 86% 59% 103% V':'' J-D A-O 105% *106'A *106 '.ft." 108 108 105 '• *108 i ft' A-O ■f 1945 1945 mtge ' - ft, 1970 1970 1st gtd 4s___; : J-J 11981 111981 .1/1972 80 > 73'A 104 93% 96 111%' 118% Colorado 4'As & Southern (stamped Columbia G modified E & Ry.— deb 113% 119% Columbus & H 6 111% 118 Columbus & Sou Ohio 38 110% 114 Columbus & Tol 1st 112'A 112'A 19 112 113% -ACommercial 83 '/a 10 71% 1944 J-J 102'A 102% 102% 91 102% J-J .103'A 103 % 104'A 34 95'A 105% 1st M-S 51 91 101V* Conv 88'A May 1952 1961 28 105 .1980 5s Debenture 5s 118% 99% B__l 5 V2.sc. 105 108 ft F-A gtd__.e Iron 5s M-N F-A ..1961 gtd 4 %s._.ii.'1961 gtd series B River Ry Colo Fuel & 1st Term ft ..1950 1950 1.1977 ..1977 A_i series 4'As series ref 5s 1948 1.1948 ... ,116% 116% 99% 10 55 55 68 'ft ft*-ft *90% • J-J ..1991 ...1991 1st 4s gtd 72 82% ft' 1977 coll tr gold 4s. Ilium 3s 1st 11 94 ft J-D / "ft/ft ft 97 23% 22'A *112% J-D 5s scries B_ 19 > 109% 109% 109% F-A General 11 110% Ry General Cin 35% 110% a;-n gtd 3'As D_ __1971 3%s series E___. Cleve Cin Chic & St Louis ft Income V 1st extl El extl w 4s 1955 48% 46% 51 » 63 M-N 103% 103 103% 37 J-J 103 102'A 103'A 113 A-O *109 F-A *113% w —Apr 1 3'As 46% 53% 92'A 104 % 88 103'A 109% _. 1969 May 108 110% 1968 J-D 110 110 1958 J-J 115 115% 18 5 23 111 112% 109% 110'A 108'A 4109'A M-S Edison Co— mtge 3'As series I debs gold 4s__1948 1970 3'As M-N Mackay Corp— deb Commonwealth . 16 109'A 109% 109'A .1943 ..1943 112% 112% 112 % 15 A-O i960 4'As see F-A F-A J-J _ 5s 19'A 118 116% 4 m-n 1954 1 Indiana 18 116'A 117 F-A 1.105 ..1952 1952 a 78 *116'A 117 J-J 1956 11'A ____1957 .1957 1151/2 96 5 107% 107'A J-J J-D 1955 4'As 94 117% 9% 10 XAChoctaw Ok & Gulf cons 5s 105'A 105 109 J-J 1969 1970 Pac Ry 4% Coll A-O J-J 49'A Station— XAChilds Co deb 5s Coal gold 4'As_—1957 49'A 23 1951 1st & ref 4'As series D 1st Canadian 22% 77 41% .1934 mtge 3%s series E 1st mtge 3%s series F_. 1st Canada Southern 48'A 67 41% 1960 Gen A-O 23% 41% 39% 1951 Cleve Union 1968 45 39% M-N 1960 Cleve Short 4s__ 40 40% .1951 ADebenture *86'A 72 41% ... 3'As. 19 J-J J-D J-D 1988 deposit— Ref & impt 4'As series E__ M-N 78 58 39'A 64'A 60 39% 66 % stpd gold 4s Union 33% 35% *55% .1952 86% *— 105 of California-Oregon Power of 60% 63 68 1927 5s 60% 33% 34 J-D 1949 1st 54% 60 M-N gold 5s May 1 2037 4'As stpd May 1 2037 4'As C__.___.May 1 2037 Railways part paid Chic & West 24 ' ft l:1 32 19 § ARefunding 101% .91 82 111% 111% i J-D (interest at to 1946) due— .—1957 —I960 Aftftft;ftftAft:< ;i- Aft." 61 250 1st modified gtd—r)r 60 33 % 55% 25% 94 Buffalo Rochester & Pgh Ry— Bush Term Bldgs 5s 32% 30% 40 56.'A Chicago 80% 96% M-N series C—1967 92 104 'A 104% F-A 1955 46 55'A 54 A 1st 73% 54 , 55% 105% 103 *100% J-D 1957 1981 102'A 102% 108% 109 F-A —i.1950 11 103 38 M-N — 51% 53% M-N 1960 48 , Af-N 5s 54 54% 55 105% *89'A J-J Bklyn Edison cons M 3'As 1966 Bklyn Union El 1st gold 5s 1950 Bklyn Union Gas 1st cons gold 5s_1945 Consolidated 16'A 55'/» 103 *100% 101 A-O 1961 1960 AInc mtge 4*As ser A.——July 1970 t A Boston & N Y Air L 1st 4s 1955 4s series RR— ... 4% M-N ACertificates of deposit.. M-N 4Vis series JJ deposit— Bush Terminal 1st 4s—_——1952 2,304 M-N 105% 100% M-S jBurlington Cedar Rap & Nor— §Alst & coll 5s— 44i/g 13% 1987 Gold 103% 1967 1955 Buffalo Gen Elec 4'As B 18'A 1987 132'A 3 ' 104 'A 105 ref 6s series A 2,430 M-N M-N ____1987 Fed inc p X A Chic R 1 & Pac Ry gen 4s_. 101 14 *._ 1st lien & ref 5s series B 40% tax n 100'A 98% 13 J-D 1st 5s A C 'ft 45'A stpd Fed inc tax stpd Fed inc tax 104'A 105% 105 *,A series II gold 5s 128% ft 101'A 102'A J-J F-A 1944 mtge 3Vis series H 5 *99% 100% 100% 100% 100 8 130% J-D A-O Big Sandy 1st mtge 4s ACertificates registered ACertificates 3 ft 1 82 4%s 49 .—1959 1960 1965 mtge 3'As series F mtge 3s series G M-N 1987 1987 4s AConv 4%s series A 75'A 74'A 1950 Beth Steel 3'As conv debs. Niag Elec 3'As 47 —1956 1952 2'As debentures Maine 74 *48 J-J 1960 1st & ref 5s'series C 1987 registered A 1st , 73 A-O 1948 Telep of Pa 5s series B 'ft-ftft ftft ' 11% ' 55 73 J-D 3% 13'A 5s XIAChicago stamped.. Stamped A-O A 1st Battle Creek & Sturgis Buffalo Jan 1 2000 adjustment AStpd 4s (int at 3%% 1st M 1 ref 4s & 36 M-N 53% 1st lien 39% M-N J-J Debenture F-A 1987 .1959 mtge 1975 AGen Toledo Cin DiV rel 4* A 1st gold 68 AGeneral Bangor & Aroostook RR— 1st 63'A A4%s stamped--....^.-.^....^.^1987 §ASecured 6'As. 1936 93 5s 74 67 37 3A 84 1st M 45 52% 60% ...63% Boston & 162 24'A 53 Consol 67% 467 62'A / Consol ft 63 32% 53% Consol 66% J-J 87 M-N 2"As J-J May 1 1989 ' 38'A 28% • 36% J-J Beneficial May 1 1989 F AGen 1950 Bell E__. series 52% 132 1951 4s series 4%s XChicago & North Western Ry— AGeneral gold 3'As 52% 41 'A 36% ■ due i 74 4'As 44'A 4s M-S —Feb 1 1960 gold 4s extended S'west Dlv Con 262 77 % ser due.... Jan 67% * XChic Milw St Paul & Pac RR— Pgh L E & W Va System— Ref 66% 63 3'As 1995 due.' (int at 1% to due ■__. 2000 F (int at 1% to Sep 1 1946) due ...1996 to 70% 40% 67 ser D gen AConv 43% 79 J-J Vh% (int at Sep 1 1946) Ref & - 430 60'A May 11989 ACouv A-O 7 (int at 1% to due. 1995 gen ser C 1 1946) Ref & gen . 75 3A ser A Dec to 59'A 65% 59% C__: AMtge gold 5s series A to July 1948 due : 61 60'A series AGen RR— 64% J-J 4%s AGen Baltimore 4s series A May 1 1989 gold 3'As series B__May 3 1989 J-J AGen AGen B 112% 54 114 109%. 111% 108% 115% THE COMMERCIAL & FINANCIAL CHRONICLE 1953 NEW Week's Range or Friday's Friday BONDS New York Week Last Interest Period Stock Exchange, Ended Nov. VI High J-J L 1st & ref 47bs_;—— .1951 Conn River Power s t No. Consolidated 3Vis 's. f.debs .1953 Clear -A. • *113% ' Low 113% — J-J - Week 24 100% 102 '/2 s ioi u loi % 39 AO 104 U 105 18 104 >4 107 U 1956 AO debentures—; — 106 U 106 U 1 105% 1087b J-J 1083e 108% 5 106% 1097 a 14 103% 105 3 4 3 3178 51V* .1958 ——— .37bs. debentures Consolidated Oil conv. deb 3%s—- 1951 t .101U A-O 1946 debentures— 105 U J-D Con sol; Ry; non-conv deb 4s_—. 1954 1955 ^Debenture 4s——— 104% 10574' 40 40 J-J a 40 J-J 40 40 40 J-J J-J ' —,—1965 1st mtge 31.is——————1967 1st mtge 37as — 1970 lstmtge 3%S— •--! —1966 1st mtge 3 Us——— 1969 M-N 108 1 . 108 M-N 109 — 100% 1047 a 33 «39 1956 1960 4s„— ^.Debenture Consolidation Coal S J 5s_— 99% Gold 3Us 5174 mtge .3125—1 Crane Low High 56% 67% 487a 155 427b 5474 93% 16 85 94% 75 75 1 63% 78% 72 x 72 1 58 77 56 " 58% 2 42 61 L. 47% 60% 5 487a 65 ... .... ... J-J 41 47 47% J-D J-J J-J F-A 66 ? b *47/b: .... F-A 1963 J-D 5274 J-D 48% • 61 wrr. 61.7V 62 *877b'95 7574 7574 w- 5 62% 80 276 47% "60 111 Cent and Chic St L & N O— 4 108 110 Ind 111 & Iowa 109 3 109 1117b 79 1107n 112% 6 1067 b 109 1087 b 1117-4 tAInd & Louisville 1st gtd 4s_—1956 Indianapolis Union Ry 37'as ser B.1986 Inland Steel 1st mtge 3s series F__i961 Inspiration Cons Copper 4s— 1952 101 102.74 Interlake Iron conv deb 4s__ Ill 1107b 111 106 7 b 1067b 107 1097b 1097b M-N *10274 A-O debs————,1950 —1955 Co 2Us s f g A Cuba Northern Ry 1st 5 Us—a—1942 <i Deposit receipts : A Cuba RR 1st 5s gold 1952 9774 J-D ADeposifc J-J Joint ref 5s series A— 1st ^1963 J-D receipts— 3s deb——1955 A-O '/.k-Y.■; 100 —- 39% A 40 A 1st 5s A 1st 52 543a 477b 50 85 43 Va 997b 99%) 10 82 43 9 52 'b 487a 2774 50 43 ' 10 56% 48 26-% 23 Iht Rys Cent Amer 1st. 5s B 1st lien & ref 6Us 39% 96% 101 Int Telep & Debentures 5s 102% 102 102% 103 204. 15% 15% 17% 239 407b 40 42 40% 40. ■ . 10674 .101% . *107 M-N 76 U jJADen & R G 1st cons gold 4s___1936 §AConsol gold 4Us 1936 J-J 437'e tnDes M & Ft Dodge 4s 105 Va 4 6,2 256 75 U 80 3 386 217 a 17 221 •> 43 17-4 57a 6U 44 3U 47 a 5:?b 194 374 % AO 387-4 36 U 3974 143 18 7b MS MS Jones F-A 81% 3% . 1057a 99.7 a 110 110U 89 4018 441 26 3 a 5 108 7-8 10 85 3 4 17 1017a 41 24 10672 2, 108 7 a Vs \ . 6 ; ■ ' ■ 567b 567b>-..587b, 22 4674 67 Oo'-- 95 71 15 94 967b 76 617b 91 61 89 99 7 68'?. 687b J-J City Term-1st 4s—.—..I960 73>W 1087b 3374 7874 1107b 1117 b 110 a-Q J-J *160 it.' J-J *109> Koppers Co 1st mtge 3725———1961 Kresge Foundation 3U notes——1950 JAKreuger & Toll 5s ctfs 1959 75 - 6974 10574 Kings County El L & P 6s——-1997 Kings Co Lighting 1st 5s— .3954 1st & ref 6 Usa..—.——1954 109' 1117 a unguaranteed-. 627b 40 117 J-J 4 7bs ... 45 73% 1961 : 5 107%. 108 U J-J Plain * 98 Va 86 70% 68 . 6(yUv6972 737 b J-J . - i 1961 a 22 U A-O 67y3 68 J-J J-J J-J 1037 a 10774 32 *08a-#;.-!* 60 of- Kentucky Central gold 4s —.—1987 Kentucky & 2nd Term 4 7bs__—...1961 Stamped——-1961 34 99 U 108 £■■ ' 95 Tb A-O A Certificates Kansas 51 102:,4 10374 24 J-J • 1077b 40 26 p. 1087a 109 A-0 ' J-J deposit—— Kansas City Southern Ry 1st 3s.—1950 '.Ref & impt 5s ...Apr 1950 112% 104% 10574 99 99 102 U 85% J-D A-O , 9874 110 20 105 267 a 3f-N.: 7b 1% 1961 If AK C Ft S & M Ry ref gold 4s_1936 2012 1097b 112% * . 80% 66 80 - 1959 1st 4s Laughlin Steel 374s— & Kanawha & Mich 1st gtd gold 4S..1990 1097 k 109 U J-D J-J .: 102% 224 m-i> 84% 3 7b 101% 95% 6374 K 45 67a *97 llOla J-D M-S 20 *167-2 J-J 92 9 ■- 80 2% 70 152 1017b 1017 b 77% 1274 J-D 107 7 a 77% 127-2 4U A-O 104% 507 a F-A 3Us series G_—1966 Gen & rel 3s series H_ —1970 Decioit & Mackinac 1st lien gold 4s 1995 A Second gold 4s__ 19.95 Detroit Tenn & Tunnel 4TbS———1961 Dow Chemical deb 2Us — ^SO Dui Miss & Iron Range Ry 3Us—-1962 J .? n Dul Sou Shore & 'Atl gold 5s—1937 Duquesne Light 1st M 3Us .—1965 "%/' 6 48% 49 7'i F-A Gen & ret mtge 10574 2374 108 U 43 V U 41 J-J ctfs—„„ 1935 1027a M-S ..1955 James Frankl & Clear 75 ? 4 40 " 1st gtd 4Us——1947 series F—— 1965 ti.Des Plains'Val Detroit Edison 4s 107 U *1027a J-D 1978 impt 5s series B 387 b 9 J-J ref 4s____.1951 48% 11 , *95%. J 00 F-A 24% 23% 150 104 10614 106% Af-N 1947 52% 6% . 40%. 104' - .. 24 7b 60 527b' 54'% 53% A-O ■ J-J 1027V 104 .• 46% J-J *114®b 120 *50760 *943a . 46 ' 933 b *8074 i 175 *105. 95 83 88% 93% 937b - *86 X 61 85 86 17074 2757b 205 %_ 106% M-S M-S 1057b 1087 a 103; 1037> 108% lO^a 107% MS 107 1007b • __ - 103U *4% 10474 17a 47a • ' East Ry Minn Nor Div 1st 4s— Last Tenn Va & Ga Div 1st 5s_. ..1948 A-O ; ..1956 . ■" V: *107% 108 M-N 110% 11074 107 15 108% 103 1107-e 148 151% 1 1007b 102. 102 74 64 1067 b 14 ' ; f . 1st cons gold 5s_. ..1995 J-J Elec Auto-Lite 2 Us debs—— ..1950 J-D Elgin Joliet fc East ..1970 Ed El 111 (NY.i El Paso & S W 1st Ry 3 Us stamped—— Empire Gas & Fuel 3^is——— 5s Railroad Co— ' MS . , -.1962 ■ 77 77 *75 85 "J-J 99% L 99 34 987 b 100 5974 59 139 927a 172 . 61 55 M-N -1971 Firestone Tire & Rub' 3s deb .1961 Flintkote Co 3s debs„l_ .1958 i .1943 1067b M-S 99 *103% IO474 ; 6574 . Lamaro Nit rate Co LidA- 1077b 9f 2 103% .103 % v 10374 103% J-J *90 /% >:.7ATst mtge income, 1047V 12 ■' 102% of Certificates J-D M-S ■ ■ — 83 ^2-4s .1982 M-N JL958 J-D 34% 34-4 99 130 36 "k 1956 M-iY U - 19% SO 387b 5 , 10 11 97 y •' Ss- 1949 5Us J-J J-J 26 607a Grays Point Term 1st gtd 5s Great Northern 4Us "series A -1947 21 25 28 98 84 1027a 102% J-J 19 30 42 J-D Lehigh Valley RR— 1037 4 103 3 i 104 3 4 29 109 U 110% 8 111U 111% 35 J-J 106% 1077b General 4Us series D_—; -1976 J-J 97 3 B 97% General 4Us series: E— -1977 J-j 977b 96 3 4 General mtge 4s series G -1946 J-J Gen mtge 4s series H -1946 J-J Gen mtge 3Us series I -1967 J-J ctfs stamped AGen mtge 4 63 U 1027b 98% 48 8374 1007b' 10274 1021 b 102% 34 997b 1057b 1027 a 3027 a 103 42 99 103 U 75 U 93 7 a 58 697 a 9 147e inc 5s series A_ *62U Feb Gulf Mobile & Ohio 4s series B—, -1975 12 U 13U 89 90 13 6974 60 62 25 54 6974 97 J-J -1952 J-J 62 947b Gulf & Ship Island RR— 1st & ref Term M 5s Gulf States Steel -1961 Gulf States Util 37bs*series D_—. -1969 *97. ■ Hocking Valley Ry 1st 4Tbs_ —1999 J?AHousatonic Ry cons gold 5s 1937 Houston Oil 4Us dcbis —1954 Hudson Coal Co Gas 1st s f 1st §s series A—.1962 gold 5s Hudson & Manhattan- 1st 5s A A-G 102% H-N *11076 111 106 1097a 104 U 1047a 1117a "stampech-.Ui......—.1949 Lorillard .1949 M-N 2 127 83% 5 80 105% 105 U 2 103 83 M-N J-D 55 52% M-N 567 1337 b 88 105% 40% V *117% 118 317U :(P),,Co deb;5sh—_V/—1951 54 53 56 120 4674 26 26 27 196 197a 31 gold 3s srerlins J-J 1027b 10274 J-J .1951 *99% 97 97 97 : • 1 *97 *44 p°ge I960. 44G 297b 2 287b 40 108 32% 45 3174 4174 30 :'; 3^74' t'3474 *33%; 37.: 4^/b "'41% 33. r.Z/Z AO M-S 102% A-O A-O Louisville Jz Nashville RR— 1st ^ 75 ' 123% 105% 1077b 105 & 100% 2 12174 12374 106 1077b 2 1037b 7 99% .104% 22 98% 104J 8 987b G 120 42 102 91 92%, '94 9374 11074 310*4 11074 104 U M-S 50 '• 11 103»4-1O37k 122 ,122 102; '10274 ^ . 1 357b 557b 115 303%, 10474 -1037 47-103 7 ?s -./■■ .—2003 6 427b 305V105 103 7« ref 4 7b s-series C.i.—-—. ;-i2003 23 *1077 b . .. pis •F-A 7fe3% 63^; M-3 104' -.7 105 10474 , 1227 b 102%; 787b 94 7 10974 11174 10274 104% . —. 1st & ref 4s; series D— —2003 1st & ref 374 s series E .-2003 1037b 108 947b 105 5 8872 100 91% - 92% 102a4.103 10 105 98% 9274 A-O J-J F-A M-S 70 10^74 10774 // J-J 5 85 957b 1027b 1057b 1067a, 1097a ' *104' gold 3s, -Montg 1st gold 47b s..i .—1945 1952 .South Ry joint monon 4s. M-S Atl Knox-& Cine Div 4s—. —1955 M-N Mob & 9 65 99% 1067b 1067/ A-O 1980 V 101 J-J 103 '/... . 94.',.- 94 *10^b-107 iop.% 101 *11074' 1117b 10 ■ M Maine Central RR 4s series A—1945 47bs series A —I960 105 7874 1047b 15 94 110 94 1057b 101 • 1117?, 4s Marion Steam Shovel 92% 97 Stamped s /' 89 % J-D 5074 50'/ 63'3.» 65 56' 56,, ; 5 457b 56 50; 50 M-N M-N }§ A Manitowoc Green Bay dt Nort.b• western 1st gtd 3.7b-s—————.1941 • 897^ 1959 104% t':r' 897b .M-S 100% ' J-D —1953 101% -21 8474 94 7 477b 59 13 497a ■ 52% -. *25 7b — ■ 39 J-J 70 70 A-O *1027a 10074 103 A-O f 6s.——1947 ...u—— *101 100 617b 62 3 4 92 59 59 59:% 153 57% 5774 58 59 74 5974 62 M-N 97 Market Street Railway— 60% 60% 47 60 5 b (Stamped mod), ext 5s——. —1945.. McCrory Stores deb 374—— 1955 Metrop Ed 1st 47as series D—1960 Q-A 51Tb 65 M-S *111 Metrop Wat Sew & Drain-5 Tbs tfAMet W Side Th(cv 1950 A-O *90 193P F-A 96 65 61 J-J see 29(%U:317b : 12374 1233j J-J 97% 12 M-N For footnotes 75% 102 7'a ' A-O M-S A-O .1953 66 52% 417-4 M -N 1945 AManila RR (Southern Lines) Extended 1st- gold 3Us-^_—-1951 44 MS Louisiana .& Afk- Lst/-5s series A...1969 Louisville Gas & Elec. 37bs.„. —1966 A Manila Elec RR & It s J-J 27 45 34 M-N Lou & 3eff Bridge CO gtd 4s Gen mtge 1st Sf-N 6174 A-O 3Us—III"~ 5574 62%, 63% 30, % A-O debentures Manati Sugar 4s sink.fund—Feb 11957 1st gold jM-N 1187a .F-A -1981 >i4% 53®b 63 74 6274 a 1957 Illinois Central RR— 1st gold 4s. - 1963 3s St. Louis Div 2d 133 71 31 J-J ■ ■133 74 7 b 73 62 'Y 2003 ..^..2003 ..2003 2003 ... J-J 64 71 8 "♦701;, 54 F-A . Unif mtge; 37as series A ext... —1950 Unif mtge 4s series B ext./—. —I960 —3946 Paduoah & Mem Div 4s_ —Feb 1957 AAd# income 5s 4s , H Hudson r 73 ' modified... 4s Registered— l«t & ref 5s series B__ stpd f 4Us— s .68 . 62) .1954 -1950 Little Miami gen • 4s series A ...3962 Long Dock Co 37bs ext to.__/.__^_1950 Long Island unified 4s ___._1949 Guaranteed ref. gold 4s../......1949 977a J-J -2015 « F-A 106? 4 196% 07% 18 *64 7b ■ ... •; .75 1225,122% 10872 93 71% 4 - 86 - ♦64% ... 105/2 105 1127 a 62 F-A .1974 ' 897b 86 ' 86-, • 10674 11274 70 88% ■ - 12274 927b 90% ; • 105 rib 309 897 a 96 ■ '■//; ■ h—• F-A 1027b 90 98 87 13 7b 101 " 7-A - A-O Feb B_— 95% J-J 1017 b T 110 95 Libby MeNeil Libby;4s.1955 Liggett & Myers Tobacco 7s-.h___.1944 5s debehture.a-... —_—__1951 9974 J-J 95 98 75 94 i00 • 557b 109 97 J-J 78 29 *99% A-O *1001o -1973 Bay & West deb ctfs A__. 977b A-O J-D -1952 30 97% .97% 97 »b S'5s stamped modt{ied___._—_.-..^003,, Lehigh Valley Terminal Ry ext 5S..1951 997a -1961 7374 60 Lex ite Eastern 1st 50-yr 5s gtd..—1965 *101% 102 General 5 Us scriesdB— A Debentures 103% 52 " 3474 103 MS General 5s series Cj— A Green .1974 • 28 897a 11 / 99 (1.7bs. registered....— 1027a , 80 60: J-J ..1964 amped......... ref; sink,fund 5S-.//Z— (stamped./....— Leh Vaj-Harbor, Term gtd 5s,./.. Leiuglx -Valley N .Y 4Tbs exti... 103% 'J-D —1949 A Georgia & Ala Ry 5s .—Oct 11945 ;?AGa Caro & Nor 1st ext 6s_— —1934 Goodrich <B F) 1st 474 s— -1956 Gotham Hosiery deb 5s w w._ -1946 j: 19 97%'?. 97% 60 J-J . ^.1964 5s 14% 102 7b si 1st 15 4% 8 97 967a 474 5 103% 103% 3 . 7 ' 47bs, stahiped modified.: Steel Castings 9374 ioSftj'ioi% . 86%/87 Dec .—1975 reg—; 1st & ref sinkifund. 5s— - Gen 10174 83% 99% 99% ' 887^109% MS 4s Gas & Elec of Berg Co cons 5s 99% 10X74 A-O 41 11% 11 ACertificates Francisco Sugar coll trust 6s._ ■ —1965 , (Proof of claim)— 85 J-D ,, 108% 76% 99 34% 'deposit of deposit— Machinery Corp 3s debs— 85 7b 21 J-J Lehigh Valley, Coal Co— ' y y 1st &'.ref sink fund 5s.._.^... ..1954 5s;stamped./__.__._______. ..1954 10374 9 99 357 a V J Fonda Johns & Glover RR— Food 50 98% J-D / Lehigh Coal & Nav s f-47t>s A.. —1954 'Cons sink fund 4Us series C_. —1904 ' A 99 98; 105 ' ■ .1974 & ref 5s series A- a 1st 9%/" 9874 Lehigh & N Y 1st gtd gold 4s... —1945 -M-N • ,'.f 101 98% 98% F-A ;; y Leliigh & New-EngRR 4s A M-N - .1959 ?Honcta East Coast 1st 4 Us *100 -F-A ; ...1947 Lake Six & MichHou gold 37bs.. L-1997 .—1997 ,3'7-as registered../..— 1007b F Florida Cent & Peninsular 5s. ...1960 i Lake Erie & Western RR~ 10074 ' . A-O ...1953 , 7,Coll. & ref 57bs series D... 5s extended'at 3%. to—— . extj 1st 4s—. :_1947 1st mtge? 3Us -.1945 Laclede Gas, Light extd 5s. Coll & ref 5 7as series C. 8274 807b 98 95 99% 993a J-J .J2015 Div *106- J-J _1993 Ohio f—. : ' M 4s series B N Y & Erie RR , - Z——- cons i'-' AO AGen mtge inc 4Us series A_. 1st ■%'- 1017b 1017b AO ..1965 — • ■ Erie — ..1965 5sr *148 " a ' 43% . Dayton F &:X lst mtge 3s_——_ 1970 Dayton Union Ry 3Us series B—1565 Delaware 6c Hudson 4s extended—.1963 2 44% D }ADenv & R G W gen 5s—Aug 1955 A Assented (subject to plain.—- 102 J-J —1972 : 101% 106% A-O Teleg deb gold 47is-—1952 Alowa Cent Ry 1st & ♦ 106 34 A-O Ref sink fund 6s.series A___—1955 - 104% 102 J-J Af-S 47% 1087 J-J 1956 :_1944 B—1947 ; 99-fb 24% 1087a *106', ... A-O .- •1:08'% 110 ... A-O ..1956 series B—— 43 J-J M-3 Adjustment 6s series A—July 1952 Internal Hydro El deb 6s_.._ Internal Paper 5s series A & 407a 42 100% J-J *Alntcr-Great Nor 1st 6s series A.1952 4374 36 —1950 —1947 gold 5s series C_. 38 30 '• ' 397« *377b . 100 45 3 *4772 ■ 98 ?'a 327b 27 37% A— ^Deposit ADeposit 527 b 42% gold 4s„ 27 ' 26 *477a ,50 ■ Curtis Publishing Co 38% 7-b 1st 93 ; ... 5274 " Jr D receipts—————— series E extended to— .1948 10 . 44 41% —Zl .. 42 receipts-—a—ni — to—1946 977/ 38% - 10. -~ 97 *42% p—- A77/s series A extended A Ref & No. . 9374 F-A J-J 103 M-N J-D A 6s Range Since January 1 Sold High 64% J-J 92 M-N Crucible Steel 3 Us s f debs ; 65 1951 1st & ref 4'/as series C ; Bonds Power Co— Consumers 1st ;> 1951 1951 Springfield Div 1st gold 37is Western Lines 1st gold 4s— 5174 32 99% Range Friday's or BaleTrice Bid & Asked M-N — 1948 374s debentures———— 3 *2s Week's Last Period J'i Refunding 5s 41955 40-year 474s..__——.—1966 Cairo Bridge gold 4s 1950 Litchfield Div 1st gold. 3s„—...1951 Louisville Div & Term gold 3y2S_1953 Omaha Div 1st gold 3s. —1951 6t. Louis Div & Term gold 3s 1951 Consolidated Edison ol New York— 2 Friday Interest Exchange Nov. Elinois Central RR—(Continued) 1083i 111 102 Ended Low 114 "s 102 — BOND S New York Stock High 108% 108% F-A 3%s A—_— .1961 'V-::.- Range Since January 1 Sold Low Conn Ry & YORK BOND RECORD ■■■ Bonds Sale Price Bid & Asked Monday, November 15, .1943 7 - 43% 59 3 4 64 46% €2 7 b , A-O- 99 99/ 9074 10674 111 1137a 93 , 12% 897b 10574 ... 84 1057b 1057b ■ 1274 67b 96 1374 Volume Number -1229 158 ' - THE COMMERCIAL & FINANCIAL CHRONICLE NEW Friday Interest Last Week's Range or Friday's Period Sale Price Bid & Asked BONDS York New Stock Exchange Nov. Ended Week J'i , Sold New Range Since 1 January 1 Low No. 1st &'Sag 3 %S Lans — ext & ' ' '''if ' 78 . ,'ilj ■; ; 104% 104% 104%. 10114 57% 53 95 65 60 62 J-D 38 68% "49% 52 273i 57 1941 J-J *58 7214 ' 61 65 ■ ..1934 M-.V 25% —1949 M-S 7% Q-F . 13 • 6 2 % 30% 8% 8 SA'lst 1938 .—1938 4s stamped. cons 26 = 28% 1938 j-j j-J '29 consol ... 5lis—; A25-year A 1st 5s 1st 6 16% 43 15% 30% 5% 30 414 76% a 1st 1% 714 64% 76% : ' vj-o 5014 4914 % j-j 60% 58% 481 46% 74 61% j-j -48 la 52 1966 1962 —1962 5s series A_ • 49% 2614 30% 50 52% 401a 63 45 33% 52% 134 50% a-o 159 52 27% j-j 1967 adjust 5s series A—Jan 1967 A Cum a 3514 56 la 19 38 157 ■ 3514 102 ;-f-a 19^5 M-3 19% 1814 21% 1,020 1977 M-3 5114 50 52% 443 51 4914 51 . '' .. & ref 5s M-N 5114 50 52 la 135 1949 MS ~9r!a *814 10% 1,138 5% A-O 51% 50 52% 239 3614 ref & 36% 1981 .1991 Moh'k & Malone 1st gtd gold 4s_—1991 50 52% 51,%^: 51 51 mtge 4 55 % 57 M-S F-A 1960 1960 a-o ..1965 A-O ..1966 1966 . : ,328 , ..1953 Morreil (John) & Co 3s debs.—1953 & Essex 1st gtd 3 lis— ..2000 :;f:— ..V M-N Tramways ext 5s M Constr M-3 * & impt a-o 132% 119% 123 113 114% can¬ '48 ; * 66 .; 88 3 V 88 j-j 86 56 53% 69 50 52% Q-F 50 = b 6 57 = 57% 94% 69 89 . 42 ' 53% 40% 58 101 50% 62% 397 59 2 69% 72% 156 52 3 4 Q-j Q-a 89 84 q-S 63 ■ 50 81% 68% 1 2047 j-j 2047 j-j 64% 04 % 65 % 48 66% 55% 2047 j-j 64% 64% 65 24 55% 109 2 112 6 1st 107 11314 11314 Teleg 4%s ext 51 4614 44 46% 41% 42% M-N J-D gtd 5s— 1947 1947 M-N Nash Chatt & St L 4s series A 1978 F-A 8014 Prod 3lis debs Distillers Prod 31is— 1960 1949 J-D 106!a & T 3=4s 89 ■ 42% ■ 76 = 78 3 b 76% 2 109 F-A M-3 109 112 ... j-j 1944 »• ■I,: . •• - :r. 68% 109 110% 110% 101 -- ■•■''-' ; % 101 112% 101 - J-D • .. 13%. 28 107% 108 • 12 20 110=% 19% 10614. 109% "109=2 110 109% 111 110% 110% 1061b 107 107 % 111 106% 2 110 " 1'* MS . J - 102 '1 104% 106%. 105%) 105% 1 104% 10(5' h 106% 8 10514 j-j 108'a 108'a ^f'%1 j-j 109% 1093o 13 109 1083a 103% 109'a 51 106% 110% 103% 10214 103 % 8 99% 105 % j;': 1946 j-d 1946 1946 Oregon-Wash RR & Nav 4s 1961 j-j Otis Steel 1962 j-j 1946 j-d a 4 92% 99% 1964 j-d 109% 1097b 110'a 33 109% 1121b .1961 j-d 110% llOli 110% 13 310 112% 109 112% cons gold 5s 46 1st 4%s ser A mtge : : 3.08 = 107% 109% 2 110% 110% 11114 5 J-D 5s—.1945 gold 4s Guaranteed stpd cons 5$ 501b 10814 ' 1st con Ore Short Line 1st 54 % 3114 72 Oregon RE & Nav 100'% 2 35% <-Y 112 112 37 = 3%s J-J 1966 1940 Elec ■ —— m-s 1972 & Gas debentures... 12% • M-N 1967 ... mtge 3%s 4s j-j I960 mtge 4s Ontario Transmission 96% 993a v 46 . *109% 112% (■:'■ 2 142 iv"; 1st intge 4s Oklahoma t 103% 10714 : 26 - 99 3 4 481a 110 _J,- •"'3 99 3 4 1955 1955 States T 1.23 6s series B 1st *113% 114:%.' 106% 106 li 50% 1968 1968 Mutual Fuel Gas 1st 40 124% 19 . *115% 1945- mtge gold 5s (stamped Ohio Edison 109 99 3 4 M-N M 4lis series B Mountain 851b 49 ' 34 12814 129% :-w., 73 ' 29% O 65 101% 95 1955 —1955 A 5s series 106% : J-D Morris Constr 114 59 45 110 w Power 1st Montreal 15 41 la - M-3 t§AOg & L Cham 1st gtd gold 4s_1949 "1061a 107% 109 ■:% 110 J-D ..1951 —1951 & ref 3%s Montana 80% "36 1974 59% 38 3" ■51% i'.'il'' ..I960 1966 lis debentures———— 6s 77 38% a " Monongahela W Penn Pub Scrv1st 112% 106 58% 3 5 "a 3 57 f-a • Monongahela Ry 3l4s series B 80% 897 - O-A 58 deposit— 5s series I— 110% 108% 102% -9 ' 59% ■ 35% A 1st 108% -.5 15% .1980 of 43 ■ 59% 1978 ACertificates 22% 105 1974 4%3 series A— Northwestern 58 36'a 111=4 8 % 2 105 A-O (Minn) 1st & ref in(ge'3%S—1967 (Wise) 1st mtge 3%s——__—1964 27% 3514 2 109% Northern States Power Co—■ 59% 6 90 3 189 15%; 108 % 108 = 16 83 & impt 5s series C Ref & impt 5's series D 59% 11 l 108 % 108 = j-j ry Si Id gold 3s .Jan 2047' registered... ...2047 Ref & impt 4%s series A— 2047 59% 35% 83% 14% ■F-A 3s Ref 357'n "i A-O —1998 Ref .51%'I 1965 ref 5s series A. & 45 % 19% U% M-S Gen lien iMissouri Pacific RR Co— A 1st High 31 Is 18% 109 % 109 % :v Af-N „. lien Prior Low 15. 11 J-J Northern Pacific prior Hen 4s—1997 4s registered.. —1997 Missouri-Kansas-Texas RR— .1962 40-year 4s series B„— .1978 Prior lien 4 lis series D—1978 33 "11% J-J ■' 1955 deb 5lis——1950 guarantee) ACertificates of deposit 59% 4114 .. . No. 83% 1946 cellation- of 98%. 100 100 & ref 33 Range Since January 1 Sold Ry Co— Central gen Gen Bonds High {Northern Ohio Ry— 10 2 9 4 4 76 F-A .1967 4%3 series A mtge North 31% 4 29 = j-j 1990 1st 4s.——1990 ■I 30% 16 106 . 30% 5 5'!L> j-j 1959 % 28% - m-3 1978 -1978 t AMissouri-Illinois RR 1st 5s Mo Kansas & Texas j-j 1949 —— ref 5lis series E & v 29 26% 30% 1938 gAlst stamped 5s gtd as to int—1938 A 1st & ref 6s series A, 1946 § A 1st 8 .' A Gen mtge 5s conv inc ...2014 t,5 ANorfolk Southern RR 5s A 1961 Norfolk & Western Ry 1st gold 4s_199Q tMinn St Paul & Sault Ste Marie j-j 1 F-A _1943 Telephone 3%s series B Norfolk Southern 2% 7 = 5 Friday's " 5s— Niagara Share (Met) 21s 9 44 26 J-J 1937 t§AN Y West & Host 1st 4%s Niagara Falls Power 3%.%.. Niag Lack & OM" Pow 1st 5s' A 85% MS 'A. V or Sale Price Bid & Asked .1937 1st gold 5s N Y 63 . gold A Terminal 10914 49% :"861a :V A-O J-D Week's Range Last Period 1940 § A General 78 104=4 12 . Interest 12 t}AN Y Susq & IV 1st ref 5s_ §A2d gold 4 % s 1— 92% 97 : is 74 73 1 Friday Exchange Nov. Low • M-S 50-yr 5s series A—-1962 ref gold 4s & ARef . •v- 1947 & St Louis 5s ctfs A 1st 73% J-J 90% Stock Ended High 1939 ASConsol ext 4%s t AMilw Spar & N W 1st gtd 4s tlAMilw & State Line 1st 3lis {AMinn *100% MS 1952 ___-1979 Michigan Consol Gas 4s___ .1963 mMidland of N J 1st ext 5s.,.—1940 t§ AMilty & Northern 1st ext 4%s~ 1939 3%s Ret & impt 4 Vis series C gold 90'7 M-S 1951 York Weew Michigan Central— Jack RECORD BONDS Bonds Hioh Low YORK BOND 1959 112% N Pacific Nat Dairy Nat M-3 sinBng fund debentures—.1949 3 lis 1st Steel National 3s mtge 5s eons 20 70 85 80% 8014 81 27 70% 1 116% 24 122% MS 1241a F-A 124% 125 *8114 A-O 107 =4 Ref J-D J-J 2 3 11 941» 95 95! no 9314 Trans deb A-O $ANon-eum inc Ss serios A.—i~1935 ACertimtates ol' deposit: A 1st 5s series B——r —1954 A Certificates of deposit— "52 A 1st juries C 5s ACertificates A 1st 5 lis of series ACertificates •*.-.C■ j-j M-N ■ 109 : 10614 95% '■ 108% • 109 5 *105%. 11.0 -' \ 109 105% ■ 110% 104% 104% — 111% 104 .1944 f-a 85 a-o 96% 105 102% 4 2 85 96% af-a *115 % ■ 97 105 67 85 57% 9 : —. Pennsylvania Co—* ; j-d 1952 M-N :i5% 93 117% F-A 105% 106 102 974. 41 103 % 1081b ... 101 107% 104 106 102 31 109 ' 1960 .1981 64%. J-D "'102% J-J *102% 109% _ . ■.;".4u' 3%s ref ser j-j 105% 105 10514 F-A 1091a 109 1091a 4 1974 & .1968 .1969 1st 64% 44% *102 103% 106% 108% 108% 1963 F-A 65 A-O 71 53 50 ' 70 13 48 69 li F~A 69;' 69 li 10 50 F-A 107% 107% 107 Tb 26 18 103=8 110% 108 110% 1031b 105% 106 = 4 109% 98% 54 108% 754 67 li 671 i IT-1 5114 70 62 . li deposit. 70 = ? 72 49% 7114 44=2 61% 52% 79% 11 72 70 1954 70 75% ' 62 471a 75 49 65 69 — A._ of j-d .1944 68 69 ; deposit 103% '• ■ series D__——-.1956 4Vis ACertificates A 1st deposit • ■ .1955 6s__ Paterson & Passaic G & E cons 5s .1949 96% 80% 60 • 31 ' 108 66'i A-O .1950 _ of *107% 109 % 10414 57% 7 «m..4 C 108 ' ~— 110% 1041a 105 ... : — tNew Orleans Texas k Mexico Ry— , :V-i' 103 76 94% s 110 ■ 97 83% 6 M Parmelee 82 1U 73 18 10414 104' 4 92 10414 Broadway Corp— f gold 3s loan et.fs.^ 1st 123% 77 1061a 10714 Paramount -I960 97 = •105% 106 % a-o gold 4%s_. ..1955 East P L 3s 13 97 ■ J-D .I960 Panhandle 97 J-D .1966 3!4s series C mtge Paducah & 111 1st s f la 11814 106 84 104% 1051 i A-O 1953 116% 1161a J-D - .1971 Pacific Tel & Tel 3%s series B 85 1167a .1966 ... 1st & ref M 3s series K 119 801b J-D —.1955 1st gtd 4s_ 116 gold 5s series G 3%s series H mtge 1st & ref mtge 3s series J ;• 100 J-J 1st 5s series A—1952 New Orleans Term 95 1st Co & El 4s & ref 1st & ref mtge 3%s series I 105 80 92 B— 105 103% Gas 1st 106% 101 % .1 807i 951a ref 5s series 102% ~8 a "116 J-J 1st & 103 = *99% J-J Puo Scr 103% 104 lb 104 >2 1st ref & imp 4 lis——1952 New Ori 105% J -J 1st 4 lis——I960 h Light J Pow 1103,li New Orleans Great Nor 5s A——1933 N O & N E 68% 33 A-O J-D ___194a England RR gtd 59—1945 AConsol gtd 4s—1945 New England Tel & Tel 5s A——1952 1st gtd 4 %s series B—————1961 N J Junction RR gtd 1st 4s ,—1060 N 90 Coast Pacific 82 80% 106% MS ■ tANcw : a "10414 1051a ! 'M-S 1965 tANuugatuck RR 1st gold 4s_—__1954 Newark Consol Gas 79 31 105 7 4 . Pennsylvania RR— Consol gold 4s_— —.——1948 4s stcrl stpd dollar——May 11948 Gen mtge 3%s series C— 1970 Cons sit)king fund 4%s 1960 T-':; M-N M-N 109% 109% " WlU- H-sV11 - ■ ■ 109% • A-O 98=4 98% 97 224 o87a 99'% 12 119% 124% 115 101% 110% F-A i'21% 1965 J-D 109% 121% 122% 10914 110 B 115=% 115 gold 4%s General 4. %s General 5s series Ai. • Newport & Cincinnati Bridge Co— .1945 General gtd 4lis ■ j-j • Debenture '103% A. .1998 F-A 60 '5814 impt 4lis series A..._ impt 5s series C— .2013 A-O 54 53% A-O 6014 60% .1952 MS 81 la 8034 83 Ref Y & Cent 3lis RR 4s series Hud River & .1997 J-J .1998 ... 3%s__ J-J 1997 3%s^. registered Lake Shore coll gold 3lis .2013 F-A 1998 61 52% 67 67% registered 3lis 87% 69% 82 Peoria 53 59 70 % 74% 83 61% 657 60% 60 6014 3 50% 66 Peoria 59% 62 71 48% 66% Pere 58% 58% 11 47% 61 59% New York Chicago & St Louis series A— Abi Ref - vi; v 3 n 4lis 1st 6s 96% 131 8214 84% 234 1947 A-O 10144 1950 1950 '■.'J-D 3lis A .1965 1965 debentures N Y Connecting RR N Y Dock 1st Cotiv 57J> N 95 8314 — 3lis extended to mtge 1st lien gold 4s— .1947 3lis series D & ref 3!4.s series E N Y & Erie—See Erie .1966 .1966 Y & Harlem 1949 2000 gold 3 lis———2000 & West 4s - % 2 28 97% 96% 106% J-J 106 3 05 95% 10614 90% 1.001a 23 65 76 99 77 la 99 77 A-O 99 .1952 A-O M-S 99 99 A-O 51 Apr IT TiT'i li; 5%s 1974 F-A Marquette 1st series A,5s 1956 J-J 1956 ext & Pekin Union Ry 109 A'° series A— % h; 99% B— series 1st 4s gold 4%s series C 1—1980 97% Phila 109 1111a 111% ... MS : U ; .1973 MS 70% 71% .1973 1973 4'is scries B Bait & 198 99% l-st gold 51 54 11 18% e 20% 20 5:ta 106% *10534 107 72% 28 89 =4 J-J 8134 81% 8134 5 M-3 ' 73% 72 7514 109 101=4 General gold 4%s F-A J-D series C MS % 75 :1; ' • 1961 100 Philadelphia Co coll tr 4.%s._ 110% Phila 109 110% 117%: 1st & ref mtge 2%s—_—______1971 {Philadelphia & Reading Coal— A ref 5s stamped % 1973 111 % 112% yi-~ 100 105% AConv deb 551a 80% 6s._— .1967 124% {§APhilippine Ry a J-J 107% 76% 104% 107 129 lit J-D J-J 1962 ... 125=4 s f 4s deposit— 1937 J-J 96 O 11014 112% 102 11 *•' 104% 20=4 433b 218 19% 908 106Tb 40 16% M-3 10711 1U% V' 52 106% 107% 106 M-N 19G3 : 108 *10314 104 41% i 9 124% 125 110% 110% — MS 1st of ACertificates 91 83 57% 118% 134% *.... M-y —1949 t 3s debentures 74% 60 12 ref 3%s Philip-Morris Ltd deb 3s:— ; '22 75% • J-J *129 79% 86 108 1st & , 4s— General 4%3 series D Electric 24% 107 (S43'4 , 4 106'% 107 J-D 1977 1931 J3_„ 5s 6 6 . ;•' 117 111 '::■ 112% 1:44% 58=4 4 . 87% 1952 3%s deb series General 115% V"v 105 % 107%;, F-A 13 a 87% 1974 eonv Wash Phelps Dodge 86% .4 V. 115% 115% • % 106 =. 111=2 .111 = 2 111% 1960 4s 1 ■- 1081b 108% j-D 115% 96% ' 1947 4s__ 100% 101 ■ A-O .1948 gold 5s„ .1948 Purchase money gold 4s__; N 891b 37 —Apr 1990 & Eastern A Income 102% RR N Y Gas El Lfc H & Pow N Y Lack 100,'u 100% 10514 1061a ., F-A :4 .1965 1965 77% 64% 100 101% 101% A-O 1951 —1951 notes Y Edison ; . '■ 9578 M-S C 137 105% 106 2 ' A-O 1978 1— series 97 105% ' 1974 —1974 5lis Ref 96 = A-O 1984 Peoples Gas L & C ref 5s 657a F-A _— A-O 86 ■ 1st : 3-D 1981 mtge 4!Vs-series E„.: Conv deb 3%s 8014 • 108 1968 1970 Gen 60 F-A 1998 Mich Cent coll gold 3 lis—. 67% 65% . F-A .1998 registered-—— ■ 5114 225 60% 55'a 47% 345 82% Central Y Ref & N 181 487 62 4a Cotiv secured 3lis——- N series General 4%s series D 10 104 17 104=4 43% 8T4 19 % • 106% ■ 104% 10514 3=4 2 7 7 *4% 8 106% . 9 4%, 7% tN Y New Haven & Hartford RR—ANon-conv deb 4s— M-3 ._ ANon-conv deb ANon-conv deb 3%s..: ...1954 ANon-conv deb 4s ..1955 3%s.____. M-3 .•: v 39% j-j 40% ' % 37% 401a 39 >/■ a-o 39% 33% , 38 40% V -.49 40%%: 113 3834 39% 22 :■. 52 31% ' 49% 33 ' . 49 31% 43 .', 34 . 52 Pittsburgh Cine Chi & St LouisSeries D 4s guaranteed.. Seriis F 4s 30 32% 53 Series G 39 31% 49% Series H 176 3714 62% Series I 49% 78 Series J 8% 21 Gen 36% 55 Gen " -1956 M-N 40% 38% 41% -1956 j-j 38% 38 39% j-j 45 43% 40%' 42% AConv • 34. -1940 A-O M-N 14 15% 33 -1967 J-D 40 43% 262 531a 56'a ; • ' ,, J A Harlem River & Port Chester- 1945 Gen 4s 105 *104 MS F-A *99% J-D *112% guaranteed guaranteed 4s 1957 MS F-A *113% F-A *123 = cons cons 4%s guaranteed 4lis—1964 1970 — — 113 . 111% 8 113% —' 112% 114 123% 119% 123% 1.19%. 123% "123=8 MS 107 110 *113 1960 1963 cons 10514 107 — gold 1949 guaranteed gold—1953 Series E 3%s gtd 105 3 a 117 .116! 8 116% mtge 5s series A J-D mtge 5s series B 1975 A-O 4%s series C 1977 J-J 107 1952 MS 10214 1950 1950 1958 1959 1960 J-D 116 1 116% 15 105 117 106% 107% 20 100 107% 102% 102% 25 116 ' MS 10314 M-3 9 8% 4 3% a-o -1965 -1963 For footnotes see page. I960. 90% 6% 4 -1993 -1958 20 162 9% J-d -1992 102% 103% 50 51 M-N 110 110 J-J 107% 107 = J-J 107% 108 ;,a 50 ... 2 12 41% 9 .45 • 1 2 . 11 - 110 104% 106% 104 12% 7 58% 111% 108% 10914 Pitts Coke & Iron Pitts Steel 1st 1st conv mtge 4%s A 4%s mtge 4%s series B_ Pitts & W Va 1st "4%s series A 1st mtge 4%s series B_: 1st mtee 4V2s series C. J-D 102% J-D 57% 103 3 98% 103 % 102% 103 4 98% 103% 57 57% 23 oo 64 57 A-O A-O 95 102% 103 58'a 21 53% 6314 56% 58 3 37 53% 64 56% 8 THE COMMERCIAL & FINANCIAL CHRONICLE 1960 NEW BONDS New York Stock Ended Week 13 Last Low Pitts 1st 4s ser A—1948 Young & Ash 1st gen 1st gen 1st 1962 1974 F-A 1977 J-D 1960 MS 4%s series D 5s. series Portland Gen 5s extended 1st Potomac 1st El 1st 4%s Terminal 4s 1st 1st 1st & Public ' . ■••'J TVv 105% 105% *110 J-J M-N 3%s—..1968 of Service 3 Texas & Pacific 1st ioo% 105 Vi 107 Vi 110'/a 100 12 ; 7 J-D 97 ref & ref 5s series & ref 5s ..2000 series D 5s series B 112'/a 106 Vi or Friday's C_. 1979 ¥ & Elec 1st gold 5s Lotu High 101% 116% 79 80 31 68 77 88 % 79% 24 67 Vi 85 3/4 —■ ; *115 77% 77%' 1 67% 85% M-9 115%: 111 111 13 J-J Tol & Ohio Cent ref & impt 3%s__1960 Tol St Louis & West 1st 4s ...1950 Toronto Ham & Buff 1st gold 4s._1946 Gas Range Since January 1 No. 79 J-D 1964 Third Ave Ry 1st ref 4s 1960 A Ad J income 5s.J._„....„._Jan 1960 Sold 79 A-O 1980 Bonds Hioh — ; . A-O 103% 71% 69'A 71% 153 62% 76 A-O 27% 26%' 28% 1,101 21 % 37% J-D 98 A-O 98 101% 98 102 1949 M-S 1963 J-J 16 101% 101 Vi J-D 1 V>%; 117% 111 87% 100% 91 5 102 *116 108 145 Vi 109 % 110 Week's Range Last Sale Price Bid & Asked J-D 1977 Tex Pac Mo Pac Ter 5%s A Trenton 109'/4 22 *222 % 230 A-O 20 Vi 91 107V4 107% *147% ' 101 951/2 109% —- 1071/4 , 100'A & , * M-N Period •. *95 ; ' gold 5s Gen 108% w_: 15'A M-S Nor 111 ref 124 90 111 100 J-J — 109 85 Interest 12 Low Gen •111- J-J mtge 3s_ 107 Va 99% 100 Friday Exchange Nov. High . J-J mtge 5s ref mtge 8s_.__ & .„ 100 J-J 1968 ref & Low Stock Ended Gen F-A 1972 ..—2037 2037 Public Service El & Gas 314s No. 118% 1957 1956 t A Providence Securities 4s iA Providence Week *123 1951 mortgage 3 V+S— Pressed Steel Car 'deb 5s New York January 1 - 1966 3 Vis—. Range Since Sold 108% 1977 M ; High *108 - J-D ——1950 to 1st Pwr i C — Elec "v J-D 5s series B BONDS Bonds Friday's or Sale Price Bid & Asked Period 101% 100% 102'/a 116% 117 105% 107% 110% 112% 149 Vi 220 107 106 Vi 107 222'/2 109% Tri-Cont Corp 5s conv deb A. 112 Vi u .1971 M-N .1945 A-O .1959 R F-A 1967 J-J .1947 15% 1 J-J 104 15% 5 104'A 104'A 15 104 9% 16% 103 105% 2 100% 104% 88 107% 109% 104 96% J-J 92% "91'A 92% 78 78% J-J! 92% 91% 92% 39 78 105 Vi 40 102 'A 106% .1970 A-O 103'A 103'A 8 104% 105% 23 105% .1971 971% 101'A M-N 103% 103% 103% 10 M-N 10434 105 22 101% 105% .1980 97Va J-D 110 110 20 M-N 1997 ref 4 Vis series A & 111% 111% 15% 97% *100% 101 100 102 106% 1951 Reading Co Jersey Cent coll 4s Gen A-O Gen & ref 4%s series B-._______1997 J- J deb 3Vis 1958 Republic Steel Corp 4'is series B__1961 Gen mtge 4Vis series C_ 1950 Revere Copper & Brass 3%Si 1960 Remington Rand 97'A 105 F-A 104% 16 99 % 88 % 95'A Union Pacific RR- 95'A 107% •v'/Vy 107% 108'A ,v"'. • 110 105% 104% 111 | .1955 J-J 80 1949 A-O 46 Vi series D—__ 1977 MS 1967 ____1967 1969 1§AR I Ark & Louis 1st 4Vis 1934 tARut-Canadian 4s stpd._-._—___1949 JSARutland RR 4Vis stamped 1941 MS 1§ARio Grande West A 1st Gas & El 4Vis Roch Gen gold 4s__1939 trust 4s coll & cons 1st A mtge 3%s series H . 78'A 80% 45% . 48 *125% MS * 3'is series J MS *109'/a 109% 109 Vi 101 101'A 15 94% 102% 100% 100 Va 100'A 50 .1944 lOOV'a 100% M-S 101% 102 *11% United 110 110 109% States Serial 106% 106% ! . 16 105% ,■ 108% 14% Corp— ! 2.10s 15% 2.15s 22 12 Steel debentures 2.05s 9% 59 39 9 35V4 *..11 J-J 101 F-A 108'A — 31% a-J A-O .1958 __ mtge 3Vis series I mtge 34 .1952 54 124% .124% Gen MS 86 27 — *111% A-O 58 Vi 67 140 Gen ... May 1 1949 Nov M-N 1 1949 *101 M-N .May 1 1950 2.20s M-N " Nov 102 Va 101 101 101 100% 101% 101 102 Vi 102Vi 102% *101% . 101% % ' 1 1950 M-N 2.35s May 11952 M-N *101 2.40s Nov 101% 102 11952 M-N *101 Vi 101% 101 % 101% 3 03 2.45s 1966 A-O ! 1947 9 105% IO51/2 A-O 62 % 1933 1933 55% — 96% /' United Stockyards 4%s w Utah Lt & Trac 1st & ref — 95 96% 16 77% 96 34 95'A 3 78% M-N 93 92 931/2 82 92 % J-J 681/2 68% 68% 15 44 M-S 98 98 'A 21 91 J-J 881/2 6 73 35V2 1,002 98 88% — J-J x30 Vz 30 % f': 19 .1978 x33'/s M-S ref & 12 20 40% 30'2 32% 1,160 19% 39% 31'A 52 19% 39% M-N 91 . 1952 1990 48 1947 1941 J-J 'mm J-J 3'/eS B 1971 1952 1989 & Light 1951 5s A-O 102 1021/2 4 93'? 1944 A-O 100% 100 % 100% 5 97 Va 1944 w 1st 5s F-A 99% 99% 99% 18 Vandalia RR cons g 4s series A-..1955 46 »A s f 4s series B 1957 Elec & Pwr 3Vis series B_ 1968 Va Iron Coal & Coke 1st gold 5s__1949 Virginia Pub Serv 1st mtge 33As__1972 Va & Southwest 1st gtd 5s 2003 cons 5s §A4s A Adjustment 43 34% *17% 60 . 21 24% ,1-'— . • ' 85 ■ 89 6% 133 17 101 % cons 6s 35 303 of t§AAtl & Birra series A-O 19% 19% 1§% MS 24% 23V4 27 39 40 A 42 11 37% / 42 385 F-A 8 Va 8 deposit 114 112 M-S 89 89 79% F-A •— J-J *98% 100 1958 A-O M-S 110% 79% 28 1st mtge 4s 110% 14% series A 1971 30% 24 % 23 25% 160 14 41% 40 43 53 31 561/4 24'A 22 24% 69 15% 30 lltt 100 100% J-J 101 101 1941 F-A *50 59 debs debentures 4s South & 3s Nor Ala Bell Tel RR & Southern Colo Southern 4s (Cent 4s 1963 3'As Power 6s Pac coll) Pac RR 1st 33/4S . Westchester Ltg Gen 104 IO51/4 107 123 105% 109% 102 Western 105'A 1st & Maryland 1st 4s ref 5Vis _.__1952 series A_> JA Western Pacific A5s assented... 1st 5s 54% 691/2 68% West Shore M-N 57'A 56% 59 Vi 333 53% 66 M-N 56 % 56% 59% 265 52% 1946 J-J A-O 3996 J-J 1951 J-J gold of 5s_. gold 4s Bell Tel series 3Vis B C Serv Calif 1964 ..1968 4s_.._. 1972 1st gold 4Vis__2013 2%s debs 1966 Standard Oil N J deb 3s 2% debenture Studebaker Corp conv deb fis_ 6s called bonds (Jan 2, 1944) 97 71 75 97 68 3A 52 87 % 971/4 96 38 V.v M-N ■ 81 98 101 84 103% 110% •" • — — *50 103 51% 103 103% . JAWisconsin Central 1st 4s_ A Certificates of deposit SASu & Du div & term 1st 101 50% 22 41% 56 Va J-D 103'A 103'A 1 102% 104% Certificates *116% '] J-J 57'A 56 16% 16 60 A-O J-J 1948 M-S i960 M-N 88 122 61 111% 93 100'A A 101'A 114'A 116'A 35 47% 67 % 47% 17% 18 107% Conv deb 4s 105 % 65 14% 26% 15'A 110% 23% 109% 112 Va 107% 107% "'2 107 108% 1st mtge s f 3'As series D 101 'A 102 102 102'A 78 101% 103% 100% 111% 26 100% 100% 101% 37 951/2 101 Vi 103'A 103% 106% 11 102'A 103% Youngstown Sheet & Tube— 105.% 105% 105'/a 3 J-J 101 % lOl'A 103'A 100% 102 *105'A 102% ... 102% 103'A • 35 . • Deferred J-J *~ 122 Vi 120 125 the included in 1 delivery sale not included ^Negotiability impaired by maturity. 1974 .1974 J-J Texas 1950 F-A 5 1959 90 Vi 3s A-O 105% 106% 6 105% 106 3A M-N •Friday's bid and asked prices; 106 34 105% 107 ABonds selling flat. '*102% 104 112% *105% 90 102% 89% 113% 103% — 106% 105% 110% 112% 112% 89 105'A 94 In the year's year's range, n Under-the-rule sale the year's range. F-A 24 102'A 54 104'A 104% 105'A J-J 1965 64 91% M-N 1971 J-J Company 3s deb._ debentures J-J 1968 .1944 4s 109% 92% 101% 101% 58% ,a3« .1953 gold impt mtge 3%s series B Tcxarkana & Ft Smith 5 Vis A 91% A-O deposit 104 % 105'A 1953 .1951 of 1949 / *111% M-S 4s___1936 43 104% a & M-S • 101'A 108% not f 53% 49'A I960 Wisconsin Elec Power 3Vis Wisconsin Public Service 3'As Included in s 52 50% 1954 4s 102% 40 . 1945 M-N L 1st cons 5s 1st 24 r. J-D 196I refund 53 J-J, 28 111% 41% 1901 Swift & Co 2%s debs Ref J-J 101'A 102 Vb ' M-N cren 101% 101% M-N ' Apr F-A 1955 Tenn Coal Iron & rr gen 5S 87 V'a 83 1951 West Va Pulp & Paper 3s A lOl'A 117 148 . 112% 106 107% 8 ; .. 100 2361 guaranteed Registered 100% 89'A 2 106% 106% *110% 92 10 110% 110% J-J Superior Oil 3 Vis debs Terminal Assn St 101'A 99 106% 19 100% 100% 101 J-D 92 171 94 102 2361 1st 4s Winston-Salem S B 1956 ASpokane Internat 100% 101'A 99% 82 6 Vis Pub 100% 101 VA 101 82 gen ref 3s 101 Va Wheeling & Lake Erie RR 4s .1949 Wheeling Steel 1st 3%s series B...1966 Wilson & Co 1st mortgage 3s__.__1958 93% 95 84 M-N J-D 98% 73'A .27 M-S 89% 92 % 98'A i960 87% 103 Vb 104 % 89 97% 1951 70% 75 84% 88 % 97% 57 ..1950 _ 63 93 61 88% 76% 213 104 112'A 76% 97% A-O 112 109% 36% 85% A-O 110% 18 109% 110 36% 96% 1956 119% 120% 108% 106 ..iAwv" 82 84 1956 ' 6 v//l /; ' 103 97'A 4s series A /A-:'; 120'A 104 71% 85% J-J 97% 104 71'A A-O 1994 120 ■' 45 104 67% J-J 85 88 102 67'A 1950 J-J -- : 108% 108% *110% 31 2 71% 1955 6s Southwestern 1U1 3 ' '."V 70 34 gtd 4s gen 1st 93 '/2 '■••••• 34 100 M-S ref gen Louis Div 144 87% 97% A-O 66 72% '90 68 37% 97% ■ M-S Westinghouse El & Mfg 2%s 55 100% 101 36% *102% 25% 91 A—.1946 Western Union Teleg gold 4%s 25-year gold 5s 30-year 5s ; 164 6 9 1946 253 131 99% J-J 1977 ser 62% 88% 85% 98% / — 32% 32% 34% *34 120 '/a J-J 1x: 26% •991/2 M-3 52 27'A ; www. ■' WW J-D 60% 87% 85 Vi ' F-A 1966 34 WW 97% .1963 83'/a 100 •v-/44 f. ' 61 187 M1 36'A J-D 13 28 50% 33% ' F-A 1967 . 60% & Southwestern F-A Q-M 4s gold 5s 86 111 26% 33% 98% stpd gtd...__.1950 57% & 1st A-O 1945 West Penn Power 1st 5s E 1st mtge 3%s series I 123% 109% 107% 5s mtge 3%s 59 & Oil 40-year guaranteed 4s M-S Devel Stand 101 % 102% 102% 1st 60 % Devel & 105% 108% 107% A-O 1955 Warren RR 1st ref gtd gold 3%s__2000 Washington Central Ry 1st 4s 1948 Washington Term 1st gtd 3%s 1945 98% *34 33% 1980 ! mtge 4s_. 1st cons 72'A 108% *34 F-A —: 1st 87'A 100% 98'A 18 58'A 47'A : ... A-O ARef & gen 5s series D F-S ... Ry 1st 1976 ..1978 series C J-D 1949 Devel 1st 101% 106 107 102% gen 4%s Walworth Co 61 "5 • & 1981 Stamped St M-S 1969 secured Div 1975 1977 ... : Fran Term Mem 57% CO i.1968 Gold 4Vis Southern J-J J-J 106 102 1 103% *107 Aug 1949 .... (Oregon Lines) A Gold 4Vis South 58% B 109 99% <■123 A-O 1947 A Gold 4 Vis San A-O 98% Co— registered 10-year 103 Vi 103% 1979 Pacific 1st 4 Vis 103 103% 1962 gtd 5s__ Tel 103'A F-A J-J 29% 40 A-O 1964 debentures 126 1 1952 Socony-Vacuum Oil 3s debs South *22% 1950 Oil 3s debentures. 110 23 80% 97% Apr Apr A Ref 29 »/4 1961 Skelly 98 1981 1991 ser 29 % 15 M-S debentures Simmons Co J-J mtge 4s inc series A mtge inc 4%s JAWabash Ry ref & gen 5%s A ARef gen 5s series B 30% 13% F-A t§ASilesian-Am Corp coll tr 7s 2%s sinking fund , 1933 J-J 2Vis 92 110% 111 AGen 14 4 1,493 1954 Oil 50 4% % 195 F-A Union 49% 27% 3' 22 18 1935 Shell 91 Vi 104 Vi Wabash RR Co— 1935 6s A ctfs 108% 111 110'A 31 123; A 126% 20 Va certificates., B ■—: — A-O 1st gtd 4s $ A Seaboard All Fla A 6s ■ • A-O 108% 111 111 W 106 " deposit series Certificates A , of A Certificates A 1st M-N v. 111 111 - 104 1031/4 103% *102 103% *108% M-N 24% 27% 1945 5s § ARetunding 4s 101 'A 50% 50 .1950 1950 Oct 1949 1959 gold stamped 103 102% : M-S 1966 Virginian Ry 33As series A. Ry— gold 4s unstamped §Alst 97- 72 2 7 Vi F-A Cons Va AGen tSeaboard Air Line 102'A 84 £$ 26% M-S 97% 65 % 33 A-O Sclienley Distillers 4s s f deb Scioto V & N E 1st gtd 4s 85% 14 *91 % WW v. F-A 46 66 A 47 33 J-D 93% 6 5 V4 ■ J-J 1st cons gold 4s_1968 Depot 38 1st gold 5s series A Union 41% 66 Paul E Gr Trk 1st 4%s_ J§ASt P & K C Sh L gtd 4Vis Paul 37% 20% 30'A J-J JASt St 18% 511 30% Nov 1989 ctfs 8 A 1st term & unifying 5s— A Gen Power ' —1989 certificates St Paul & Duluth 22 38% 30 % $St Louis-Southwestern Ry— bond 103'A 38% 35 % 33% 32% J-J —— inc 102 102 93% 37 1950 bond 101% *102% 102% 88% ,1950 4s 101% *101% M-N 100 V2 .1955 4s *101% M-N 75% .1959 A2d M-N 96 Utah 102% 102 Vi 1 1954 ..Nov 67 — 101 % May 11955 2.60S 2.65s .1948 1st *101% 102% May 1 1954 101 *101% 102% M-N 108, 92 3A 4s M-N 1 1953 107% 105% 5 *611/2 M-N 99 1 63 & Southem- tSt Louis Iron Mtn 1 1953 Nov 2.55s 1051/a 105% - J-J J-J 1996 May 2.50s 1996 1943 YORK BOND RECORD Week's Range Friday Interest Exchange Nov. Monday, November 15, pound unit of bonds. not range, included d Ex-Interest, e Odd-lot sale not the year's range, r Cash sale in tThe price represented Is the Accrued interest payable at the exchange rate of dollar quotation per 200- $4.8484. JCompanies reported as being in bankruptcy, receivership, or reorganized under the Bankruptcy Act, or securities assumed by such companies. - no sales being transacted during current week. Section 77 of Volume 158 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 1961 jsz ftiStt 1 KEW YO: %il§S:i§MS^MS:' WEEKLY NOTICE—Cash In footnote a and deferred delivery sales.are the week In which they occur. In AND YEARLY RECORD//#®;/ disregarded in the> week's range unless they are the only transactions of the week, and when selling outside the regular weekly No account is taken of such sales in computing the range for the year. ranee are shown , In the following extensive list we furnish a complete record of the transactions Nov. 6 and ending to include every the security, whether stock ft,/ STOCKS . New York Week Curb Ended Friday present Last Vi Par Acme Wire Aero Co common 10 Supply Mfg class A Class Mfg common Associates Inc (N J) Air Accessories Investors Air-Way Electric Great Oct 5 7Va 900 5% Jan 9 7% 500 5 Jan 87/s May 4% May 2% 2% 2% 2Vo 2% 2 Vo -ft ■ — 2% 400 92% 114 __ 60 72 20 102 * Allied Intl Products --■7.' 7% 3% July 93 % May Nov 105% Oct 10 „ „. 3% Oct Apr 24 Jun ■ ■ — 25 „ 25% 26 7 50 25% 125 26 110 Apr 23% Apr 3% (H C) Co • common,, 100 Jun Bowman-Biltmore 77o _ioo * Brazilian Traction Lgt & Pwr Breeze Corp common,! Brewster Aeronautical ; 6% • common preferred,,— Aluminum Goods Industries Aluminium 6% Ltd • American -.ft ,• • ' , Co Co --ft ' _ 100 18% 5 11% 120 Corp class Class *"B A 50 103% Jan 109 Oct 28 Jan i'« 200 20% 100 4% Jan 5% 2,100 5% 2% July Jan 7% Oct 33 .9% class Convertible A, Co Class B Cyanamid B ; A Fork American Gas & Hoe Co 27 American 109 % 109% 5% 39% A • American Oil American dep Am Amer dep British Blown Thread Writing 17% Anchor 87% _ 1 1% class Common Oil & Associated Electric American of Birm Atlantic Coast Atlantic Coast Atlas Drop Jan 5 1% Jan 2% Jan 13 200 500 8% Jan 50 97% 5% Jan 15% Sep May Jun rets ord Aug 3,900 3 3% 14,700 9% 1,300 8% 96% 70 88% Apr 99 % Sep 7 Va 7% 400 7% Nov 10 Vo Aug 6 400 1% Jan 5% Jun ft 1% Jan 6% Jun 5% Jan 6 '. 2,700 8 10% July 10 Jun Jan 7 July Jan 17% % ""2% "2% 50 1% 7 Vi-S/'i 8 *5% "5% 30% 1,000 32 8 Feb 2% Feb 3% Jan 350 28% Sep Jun ft May Feb 80 Sep May 6% 77/ 5 Sep 40% May 8 1,000 4% Jan 1% 8% July 6,700 % Jan 2% July 4% 5% 100 5% Nov 8% 103,b 11% Apr 600 10% Nov 12% Nov 3% ft'ft' 3% • Machine & Sons common 8 5% ft 1 „_—i. 3% 900 2% Jan 4% 5 Collieries 1 4% 8 Vo 25 8% ' ft-ft., 8% • 5% July 500 7 3% Jan 6 Jun 500 4% Jan 11 July 16% ! 1 cc : iaft 300 common 1 * (unassented) Jan 23 Sep 5% Jan 9 Oct B Si Wilcox Co— 21 1 common $5 Burco Inc & $3 25 2.50 preferred Purchase 7 7c Rubber Barium & $1.20 7o Seelig Steel (L) A j common Inc $1.50 Mills Tel Benson Ties Aircraft of & _;ft (PA) Voting Cables preferred Blue $3 500 1% 3% Jan 5,200 % Jan "5% 4 4% 3% 3% 2.100 100 Jan 4 Jan 1% 16 14% 14% 100 "2% "2% 700 7% 132 131'A 132 20 see l preferred page 1965. • Jan 2V4 Nov 115'/z 7% Jan v* California Callite Electric 6% 38 38 % 30 Oct % Fire 15% July July 25 Assn Participating Canadian Class preference Industrial 1% 45 voting ; Class B non voting Canadian Industries Ltd— •7% . . preferred 1 Capital Jan 42 Jan 1% July 13 Va July 450 Apr Jan 9 % July 10% Jan 16% Mar || Jan 37% Jan Feb 44% Jan ft—/''/ 10% Mar May 12% May Jan 33 14% Jan 16 -ft 16% 3 50 75 July 18% July 4 — 750 12% Jan 18 Aug 16 50 ll%Jan 17 Sep 4 100 22 Aug 3% 800 1% Jan 4 Vo July 13% 16 — 400 11% Sep 15 July 5.% /. 1% Feb 22 51/4 Aug Aug • /ft-3% 13 21% 16% 23 19,900 77 77 50 1% — 1% 1.000 Jan 26 3/< 75 Oct 84 Nov 80 — Jan 122 Nov 2 May ft Jan 14% Jan 5 3 ~9% .14% 7% Jan 10% Jan 82 15,700 Oct 19% Jan Jan 1.800 14% 13% 96 '.4 96% 300 11% 11% 1,000 29 11 29 Oct 6 Va Feb 10 Mar 1% 9% 99% Oct 13 % May Apr 25 50 16% May v Jan 31% May 1% Jun 1% 400 3 3% 2,400 % Jan 4% July 4% 4% 100 2% Feb 5% Mar 3 — . ' Carnation Co 6 6% % 5% 5% ft Jan 3% 4 Corp Co .—1 common, • Corp Hudson of 7% 6% July 22% 4% 4% 4% & Central Maine Power 7% New 1% 1% Central Ohio Central Power Central Cessna & 12% 100 45 pfd 45 100 Prooucts— West Utilities Shaft Chief Consolidated 97% 97% May July, Aug Jan Feb 6% Jan 13 Jan 21 8% 98 July Jan 116 Aug 84% Jan 99 130 8% 500 108% 108% 50 % % "/a 5,800 5% 6% 5,300 7% 102 & Lambert Electric ~7 % Jan 1% May Nov 10% May Jan 50 4 V4 Jan 100 % 9% Jan 94 93 7 • 7 500 80 79% % 6V2 81% 250 64'% Jan % 6 % 425 5% Jan 6 'j"u 200 "III: Coal Aluminum Colon ft 9 ordinary Colonial 74% 79% 2,300 51% Jan 7Vz 7 V2 8% 700 4% Jan 11% Jan 96% Columbia 5 7c Gas & warrants Arms,, Apr 300 4% Jan 61% Feb 8 Jan 22 7 Va 100 13 $3 c 34% 36 12% 1,600 11% 12 10% 100 •7. 10% 10% 4'% 5% 77. 450 Gas & Consul G 4%% 47c & Southern to 5,400 1 common Co— common . Mar 14 July 3% July 11% Jun 1% Jan 7% July Jan 5 Apr TVs 4,100 2% 17,200, 1 Va Jan 10% July 4 July 44% 650 41% Nov 551/2 Feb 53 56 480 24 Jan CO Sep 6 53% as 20% 3% Feb . 34 2,500 20% 20 % 250 10 9% 300 10 7% Jan 1 % % May 200 % Apr Jan 27% 4% 4% 2% Jan 5% 62% 63% 700 56% Jan 30 "4 5.'2 3.900 100 Apr 11% July 114% 117 V'4 4% 62% Mar July 22 26% * I Jan 500 V2 100 UnHties— Jan % • preferred series C__ 3*a 1/64 Jan 14 ft 1 preferred Gas Mar 8 Apr Nov 19% July 1% % • Biscuit E L P Bait, Comsoliuait-d Jan 2 5% 36 July July 41% 6 warrants- 1946 Coke Secur series B % Jun 1 '/a 4 2% 100 preferred Consolidated Apr 7-% 400 3 3 Jan 28% May 6 Jan 1,300 11V4 % 81/4 May Electric— Public extended ft. 51/4 900 11 35 __25 preference t Sep Nov 73 77 n Jun 92 % 150 7% Jun 971% 7% -7% 7,5 1 Fire Jan 92% £1 Airlines Patent 18'ft May 98V4 Jun 75 % • preferred 26% Aug Jan 3% 4 • % May Jan Mar 1,150 35,700 89 Sep Jun July 18% 100 Co,/ common 8 12% 12% Corp,,. Co 84% 10% 1 „• 105 16 • Sep 9 Sep 141/2 Aug 10% 1 Utensil Plow Development 67c Conn Jan 9 18 10 Mfg Illuminating Oct 5 Va ft, ft . % 12 12 80 common 109 4 V'4 G * Inc Oct 9% Mar Jan Apr 76 Co Feb 10 * Lights Oct 4% Jan 48 Neon Jun Jan • Controller Jun' 81/2 July 2% • . Oct 6 preferred B - 18% 77/a preferred BB Cleveland V 112 114% 94 ,,,*• Apr Jan 15% 1 • 7% 5OV4 Aug 800 10 23 % May 116 1,401) 9% 100 Mar Jan 300 ~3% 5 Mining 2% May 13% Mar Jan 4,800 31 b 4 common preferred— 60c 13% ~9% 8% 5 Childs Co preferred $6 11% "9 a —10 Co Oct 150 38% ~ 25 Flexible • Oct Oct Jan 7 50c Chicago Rivet & Mach 51/0 H Jan 9% Strip Co__5 Chesebrough Mfg Cities Service 12 > "9 8% 1 Weather Charis Corp common,, Cherry-Burrell common Chicago Aug 102 100 Co Metal Oct 106% 1 pfd Oct 1 5% Aug 1% 100 Jan 22 45 • com 57c Light 7% South & A'rcraft ft5% 5,500 12% preferred_100 Power Steel 23 Jan 140 *1% 1 Elec Central York Aug 3 Va 300 3 Id America Gas Aug Jan Jan 1 (A M); & Co Catalin 7 1% 1% , ' Products Central 3% Apr 900 • «.* common^., (J W) Casco Apr 3% July 3% Jan Mft.———*/ common . Carter Apr 1% 2,400 Carolina Power & Light $7 preferred—• $6 preferred™ • Carrier 1% ft Jan ft Jan ; 200 5% 4 1 10 2,100 Apr ft 325 200 • City Products Carman & Co class A— 7 Class 'B 25 6 1% 1% 400 11% .,100 Canadian Marconi Service 9% Mar 45 May 66 • Commonwealth 100 1% Oct 7 'A 11% ,* Community Water Service Compo Shoe Machinery— 800 43% Jan Aug Alcohol— A Community 7 5,100 '1% Sep I2V4 119 100 Apr 13 14% 1% 2% 1,200 —25 Mar 7 13% 4% 22% Sep 5 5 3% 14% Jan 500 136 45 Jan Jan 61 63 1 Insurance Colt's Jan Jun 2 100 1 Cement Co Ltd 6%% pfd Canadian Car & Foundry Ltd— Colorado Fuel & Iron Jan % 3,600 Jun 63 10 Canada Sep 35% 1,900 10% 95 3 00 Corp Nov 13 7 12% May 7% Mar £1 Power Tungsten Camden Club 6% July 3% Sep 48 Sep 50c dep rets 5% pfd— Sugar Estate, Clinehfield 3 Va 15 23% Jan 3 50c certificates Cleveland Tractor 33 38 • convertible Feb 21 % Mar 2% l I_i Apr Jan 3% —1 & Mach Co com,,* May 39% %■ Jan 7% 7,300 Wireless— Calamba Claude 7 11% 2,200 777.4 1V4 25c American Clayton Jan 9% • "• 26 Jan 29% • common footnotes , ioo common (E,W) common Ridge Corp common For ,1 l common optional 2% 350 20 common Birtisboro Steel Fdy Blauner's 8,900 4 12%c common trust & Cockshutt lo Convertible preferred Berkey & Gay Furniture Bickfords Inc 1% 4% 6 l Canada,, Hedges 75% 1% 19% Jan 39% ——1,100 ; Inc common convertible Bellanca 3% 39 5 , common 1st preferred,,,,, Beaunit Bliss 3% 1 Mfg— Refractories Btlau Brummel Bell common common convertible Baumann 7 for 30 Co Stainless Barlow Basic warants preferred,, Baldwin 2,500 2,500 10% 8% • Cable Electric Products common Clark 21% 19% 95 * Sullivan Burma Corp Am dep rets Burry Biscuit Corp Butler Mar —3 To * preferred Hill Apr 2 Power— preferred 1st Feb 9 Jan 22% 9% * Niagara & East $1.60 % Jan % 3% ;; 5 , City Auto Stamping City & Suburban Homes 20% . * Cities Service P & L $7 preferred $6 preferred, Babcock ft Jan 2% :/ 9% 3 "2 1 Buckeye Pipe Line $6 Baldwin Locomotive— 16% 10 • Chamberlin Jan 300 * Bruce (EL) Co common Bruck Silk Mills Ltd Castle Jan 4% Apr 10s reg— Power class A ■ 111 1% common Voting Patoka 2 ft 69% 50 preferred— Ayrshire 1,100 2'! 4 2 7% ft 7% .'ft" Corp,———1 Automatic (B F) Jan 7 1 Products 6% Jan pfd—100 . Oct 17% July 4 May 95% ———.—_1 Co Automatic Avery 105% 12% • Co Corp Forge Jan 2% 6 .* A RR Fisheries Line Plywood Jan 3% ft/ Atlas Corp warrants— Atlas 2% 60 3% —£1 class Coast Rayon II May 400 2 • : Atlantic Jan Industries— Tei & & 3*2 2% 5,300 • dep rects reg Tel Associated Jan 13 % July 5 Va May 1,800 7% —1 Associated Laundries of America Atlanta Jan 5% 9% "7ft ,5 Co Canada Sep Jun 27a 95% 2.50 Oct 26% 57% 3% 108% 108% ■^^7 $7 preferred,* 1% Jan Jan 3% 12 108% .' ^ Jan Oct 3% ft • common,; 250 13 % 89 % 20% 100 2% ftft; 3% % 200 1 Jun 45 22,700 105 Jan ,200 6% Aug July 3% ft" 3% • 80 8,000 % 12 3% Breweries 103/o 3% 104 Vi2 ■■ .' V- ftftft pfd—100 new 10,400 Vk ■ —• Refining Associated Apr 39% May 25 12% 10 Art Metal Works Ashland "ft_ common Equipment Corp 26% Jan 3% 1 Arkansas Power & Light Aro Sep Feb 100 % » preferred 6% 19% 1% 9% non-voting A Jan 25 2 Gas 13 1,700 20 1 10 5 common Apex-Elec Mig Co common Appalachian Elec Pwr 4%% 28 87% 25 —2 Angostura-Wupperman Arkansas Natural 23% Jan ;/ 45 ft/ 45 — • Fence Post 42% Jan 25 preferred Paper Jan 13% 20% 25 1.6 % 33 50 25% 16% 10 5% Jan 6% July 36% Sep £1 preferred Bunker 28% 125 17% 27 Superpower Corp common—* 1st $6 preferred • $6 series preferred i —* American A pfd 17% Jan 19% _£1 Forman Distillers Jan Jan bearer,, prior preferred Jan 3% A 6% ft" .ft; • reg— Ltd— Fence & Wire Class Brown $5 Co.. ord Columbia 12 450 17% 25% American American rets Celanese 19% 29% July 112 July 28% May 9V4 Oct ' rects ord dep British Buffalo Jun Jan Tobacco— Am 45 July 47% July 3% May 93 % 100 common Oct 3% July Jan 75 40% July 821/2 July Jan 6 1 . • British 36% Apr % Jan 175 34 26 % Co—— & Jan 6,600 5% 33% * Seal-Kap 5 25 Republics, American 10,000 20 Chemical & 4,300' 14% Meter Co Potash 37% 400 14% 25% 100 Maracaibo 42 Jan 17,100 26% 25 . Preferred American Jan 15% 1'/« A /f* 14% 100 . Laundry Mach American Light & Trac common 6% preferred,-.— American Mfg Co common American 15% 310 18,700 41 ¥2 1 • American American 5 i»i 10 common Rubber l7/a 39'% l General American Hard 1% 39% Corp common™10c $2 convertible preferred— ,1 82.50 convertible preferred 1 ► 31%.7 37% 10 preferred American 35% 30 10 Electric & 350 33% ' 1% Foreign Power warrants American 4% % class non-voting— American 34% 7 —1 ——; American Class —25 — Apr 23 30% IIlOO common Brown Ruboer Co 25 , A 46 300 • preferred Mfg Class Jun American Cities Power & Light- 50 50 9 . Mar 8% May 75% u • * 7% Brillo Mar Sep •+' * 15% July 11% July 25 Wft xoo Brill Feb 9 • Bridgeport Oil Co $6 Class 1 3% JUimlt Jan 600 7 6 72 ' • HI I_~i Bridgeport Gas Light Co Oct Nov 4% ■'/ 18% Jan 6 83% 7% 1 Mfg Jan 13% 100 750 27% 1 a Apr 115% July 104 104 27% 128 Jan 10 — 100 . common, 104% Aug106% 90 ' 83% —1 __ Board Central ' 85% -100 Book Box 10 * _ 1,400 111% 18% * common, American Beverage common American 110 1,550 104% 108 111 * Mfg common preferred American 106 -100 Aluminum I__* ; 100 25 %~ft-'' — Range Since January 1 Low 10% 6 „_I* common preferred British Aluminum Co G Shares High 10% • 1st preferred 2d $5 Mar 29 Low 25 „_ for Week of Prices 10% • 1st preferred Sales Range Sale Price — Oct 9 May 28% Mar Week's Last 13 (S) & Co Borne Scrymser Co Bourjois Inc Jun 114% Jan 4 ■ • pfd_. (Mich) _ Jan Jan 110 -- 1 common— common Bohack 3% July 35% Jan 91% . Friday Exchange Nov. Preferred .,100 conv 7. 1% Curb Ended Par Blumenthal v/ . —— Investing $3 conv Jan 114% 2% 90 Vo 9214 Feb Jan 200 'ft" ft' 3 • v 1% 1% 27% 3,000 ' ft— — Allied Sep % May July 7 50 $7 preferred— preferred A 3% G% 2 Allegheny Luiilum Steel— Class 1,700 7'/a 10 Appliance,, 77c preferred Alles & Fisher Inc 22% July 4 Va 7 ,,50c Corp Southern Alabama Power Co Oct 1 __ preferred Alabama $6 20 26 5 _ common Convertible Feb 17 50 York Week High 3% Ainsworth Air Low 23% year. STOCKS New Range Since January 1 ft.-» „ Exchange for the week beginning on Saturday, entirely from the daily reports of the Curb Exchange itself, and Is intended Sales Shares Hwh 23 1 B Aircraft Low It is compiled for Week Range of Prices Sale Price 1943). bond, in which any dealings;have occurred during the current or Week's Friday Exchange Nov. (Nov. 12, the New York Curb on 67 121 Jan Jun July Jua IIOV4 "4 "4 Jun 5 Jun ." . ) • ■ ■ ■ . •, ■; » THE COMMERCIAL & FINANCIAL CHRONICLE 1962 Monday, November 15, 1943 NEW YORK CURB EXCHANGE STOCKS Last of Prices Sale Price Low Consolidated Mining & Smelt Ltd 5 Consolidated Retail Stores... J .. Steel prior Continental —.1.16c 9 Jan 10% Oct 3To 4,100 3% Aug 4% Sep 9% Nov 9*4 1,400 Jan 15*/a Mar Jan 13 — 11% 2, OOp 8*4 Jan 15% Mar. 39 400 36% Sep 41 6 300 4% Jan 332 Jan i Jan 100 i'ti. ~VA 1*2 1*4 i 500 'is Apr 10% Apr ' Jun 2% May 84*4 T'4 IIZIIIIi 84% 2 20 2% 21% 150 25 26*4 5,500 Jan 2,600 20 79 , 90% 1 * — 3*4 May Jan 134 Jan 5% (ord reg)—£1 26 "« ..—5 — «u Jan 15% 26*4 July $7 Jan 9 July 30% Sep 10% July 2*4 Aug % 9,200 aV Jan 1ft. Oct 3% 3% 100 1*8 Jan 4*4 July 314' 3*4 100 2% Jan 4% 9*4 9*4 100 6% Mar 2 2*4 2,200 Brewing Co—— Crowley Milner & Co—-————" Crown Cent Petrol (Md)—.—*—5 crown Cork International A— .• Crown Drug Co common ...——25c convertible preferred, —29 * «.-«-* * —:— preferred———.— Sugar— 16*8 common———— Curtis Lighting 9,100 11 Feb 22% Jun Gulf States 3% 100 Feb 3 *4 Ino common—.—2.50 Apr 9 Sep 3 Apr July Mar 1% 50 2% 2'% 1% 8 Mfg Co {Mo)—.—— 7% 1st preferred.... Paper1 — 10 Jun Jan 8*4 Jan 43*4 Jan Jan Sep Sep .112 . Sep 100 Nov Jan 11*4 Jan 52% Feb 10% 13 May 12% Apr Jan.;. 18% 26% Jan 40 Apr July 5% Jan 12% 4% 45 400 4*4 11 v 15 300 101*4 100 100 3,200 ~8 8, ;;' —:-"y Nov Out Sep 150 . 96 Jan Jun 108 Mar . "Ya . Jan & 1,600 v *4 May 31 33% July 1% Jan — Oct 4*4 Aug; 27 • 29% 56 22% Jan 31*4 Oct 3% 200 Feb Jan 5% Apr 3 *4 Jan 9 Oct 4"'a 300 600 325 67% Mar .,4 v . .7% BIT 4 u. 7 . -- ; ■ July -• • — 85% July 50 127% Mar 650 27% Jan 36 Mar .7',. .7% 300 10 3% 3% 300 5% Jan 1% Jan Apr May Sep 139% 139% 31 * 2 7% ...* pfd Utilities $5.50 July 112 . — stock.. common, 2*4 May 76 Jan.' .31 ioo 125 . "9% ; , 32 111*4 115 10 102*4 115 , ■ 3% 150 . Aug . Apr 1*4 Non-voting Great Northern Jan 89% I4 % —.3 15% Jan 110 : Feb *4 100 10% 5 Atlantic Tobacco A———————* ,-* -10 —1 preferred—; Gorham Mfg common.—— Grand Rapids Varnish:—;—— Gray Mfg Co.— —1 Great Atlantic & Paoific Tea— $3 6 Sep .. . Jan 3;% Mfg Co—50 Gorliam Inc class Mines 50 25% 100 , X41'V % Consolidated 10*4 ~"|H common——* preferred———————10,, Cuban 9% Oct 2*4 Aug Jan Jan ~8 40 — —1 Goldfield —• 100 ..25 Greenfield Tap & Die.L — * Grocery Stores Products common—25c U 19% % 52% 300 -- 15%: .'17 Vi 2 */« Crystal Oil Refining Cuba n Sep May — Goodman -50 ... Nov 2 103% 8 • B— 74*4 800 a ,73 — .....—• Class 1» 2 70 -- Co..——j ————* Gladding McBean «fe Co —, Glen Alden Coal————————* Jun 82 Jan *4 May' Gilchrist Godchaux Sugars, class A—,— High Jan 30 480 — common— (AC) .'74 73 73% — Preferred———; Gilbert Apr: 7% May preferred.. Low , preferred——.————-—\-r\Y~2Georgia Power $6 preferred— • 110 $5 Range Since January 1 61 $3 Nov 10% Liquidating Co——— Curtis 101% Jan ' Petroleum common— convertible preferred— Courtaulds Ltd— $6 76 8 5% W 220 5% —-l preferred A.——— Croft 2% May 38 % iv/r .50 4 Reynolds—- Cosden C Jan 5% 8*4 *4 ————— & Creole Petroleum., 1% 800 99% 101 99% —-* Inc dep receipts 100 8% 9 Cornucopia Gold Mines—— American T-% pfd——100 General Public Service $6 preferred—* General Rayon Co A stock • General Shareholdings Corp com 1 $6 convertible preferred—.— * General Tire & Rubber 6% pfd A—100 Gen Water Gas & Electric common—.1 Shares High Low Far Outdoor Adv 6% General of Prices _ preferred— ——.100 Roll &-Steel.—.———1 prior preference—————-• Copper Range Co— $6 Jan 3*4 3%, $3 ,on 107 Jan 8'/» Varnish Co Cooper-Bessemer common— Corox 7% July Jan ~1% Cook Paint & cor? 3*4 ■ Co..— Continental Uas & Electric Co Tf0 500 107 —10 Corp— Consol Textile — 6 % Mar 41 Jan Bales for Week Range Last Bale Price 12 VlVTTVTTVVT'iT High Low 31 —..>.100 8(.{> preferred———— Consolidated Royalty Oil— Consolidated Range Since January 1 125 32*2 5 % 6% Shares High 31% Nov. Ended Week Week's Friday v New York for Week Range Par STOCKS Curb Exchange Sales Week's Friday . York Curb Exchange Week Ended Nov. 12 - New 40 140 July 4 % 107 *4 Mar 114 Jan 115% July 6 *4 Sep Mar preferred——— $6 — Gypsum Lime St Alabastine—.— -4 — 4% Mar - , H D Hall Z. : 18% 50 15 34% 8% 1,800 *4 33% . 22 14 v 17*4 22*4 -.8 Darby Petroleum common — • Davenport Hosiery Mills.. ;—. 1 Dayton Rubber Mfg.———— Jan 20 Oct ••■ —'• 150 •. 'i , : Detroit Mich Stove Co;: common- Detroit Steel Nov Jun 1% Jan 6 *4 Oct 4*4 Jun 72 1*4 Jan 5% Npv 74**4 180 62% Jan 79% Jun Jan 13 ■' Apr in ■' .1 ,1 3! 1 10 j it 3 H % 300 3*4 19 Mar 18 Jan 4% May 14*4 Jan 22 Sep 21% Sep 30% Mar 2 1,500 19 1% Mar Jan 100 ' .10 _—— preferred..————— 7 'h Co 10 class A com. % ' 10% Mar 10% Mar ■ Bridge Co Ltd— Dotninion _« Jan 9T« 9% 200 5% Jan 5% 200 2 Jan 5*4 '• H-.* — •■* ' , Driver * Oct 21% Nov • ' Oct .. ' ; — - 25 72 3*4 2 10 ■■ 78 Aug Jan 31% Jun 66 '■ 1% 9% July Jan Jan 76 Apr 50 3*4 - 1% , Duval Texas Sulphur———— : 8 56% 24 70 72 Duro Test Corp common—...—— ZZZi 100 7*4 70 Z. 7 class ;B common. Hosiery Jun 6% May Jan 7* Oct 7 M • ~ 7% • Duke Power Co—————Durham 21*2 —. Dominion Steel & Coal B—-—i— -25 Corp..—.— Karris Co..—J—.—— 1 Va 2% 1'4 :7 -i ■•■*•'! :■ —• 25% 25*2 3*4 Co 3*8 3*2 30 11% ■% 14 * 500 9% 800 200 2% . 10 200 4 Jan Jan Mar 3 Jan 1% 8 100 1,500 July ll7/« Apr Herder's 11% 9% Easr. Gas & Fuel Assoc common——* 4 *4 % prior preferred————100 preferred—.——>—— 100 Malleable Eastern States Corp—; Iron... *4 21% preferred—-—,————* eft tirpfpnTd Horn (Geo A) & Co common——* (A C) Co common———.——I Horn & Hardart 9% >1 ' Horn Jan 26 30 175 Oil 10*4 Jari 100 31*4 1,050 Fibre Corp——5 Co ——* Huyler.'s common—.,—— —.—1 r/Z ,4 ' ■ 4% 2% 2,000 8*4 96,000 2 7 42 83% 6,900 43% 46% 500 _5Q 7*4 ,26 4% 2,700 Jan 88*4 62 Feb 9 July Jan Jan 31 Sep 101 10 88 9*4 May Feb 29 Mar 41% 9% 300 % 1*4 31*4 40,100 2,275 5% 2,100 41% Nov Nov 12% May 6*4 Jan ";4. Oct July 2% May Jan 200 100 41% 9% x29 5*4 : 100 28 6% .4 lOo I 1 28 »» 300 8% 82*4 Jan 7 100 1 Sep 9% May Oct Jan 100 — 444 14*2 Jan 1,700 8 ; Apr 6% Jun Jan 79% 6*,4 77% 1 .4 42 Apr 78% , 1% July X29 4% 5 1 17 16 i'a Jan 22*4 2*4 Jan Jan 35 5% Jun 25% 1 *4 preferred 1% 4 1% .. Falstaff Engine & Airplane— Federal Compress & Warehouse Fire Association Florida Power 1% 1 Metallurgical——— .• Mfg Co—— .——5 Fedders 6% —1 Brewing——.— Fansteel Jan Jan 34% Sep 18% Nov - 7- 200 1*4 6% Nov 500 r! a 1% 1*4 4,300 May 13% Nov 24 1,100 5% 5*4 1,400 3% Jan 29% 120 29% Nov 57% $7 preferred—* Jan 250 81*4 Jan 101 102 Mar Jan 300 15% 10 (Phila) —.——.10 & Light 3 J8n 13 *4 15*8 29% Co...25 July 6*4 Jun 29% 70% NOV Oct 104*4 Aug Ford Motor Co Ltd— Am dep rets ord reg Motor of Ford ...£1 4 3*4 1,900 19% 20% Distilling—— Froedtert Grain Fuller (Geo A) Jan 21% Sep Jan 22 Jun 3 & Malt common.. Co—.— 39 3% 15 50 ' convertible Name 5% 11*4 Gatineau Power Co common— preferred, 2*4 Jan 350 11% Mar 200 9 Jan 15 Mar 75 29 Jan 44 Apr 125 45 Jan S4 July ll 11*4 38 53% 56 56 * 20% _ I" ~ * • ._• 1% „ 68% • -- - 1% dep rets ord General Finance W- 1 1,200 Zinc Ireland 1,500 4% 3% Jan Jun 9*4. Jun 10% 1 25 Jan 45% 5,300 3 Jan 10 Oct 16% Apr 11% 950 3,500 1,200 '••'9*4 9% 300 11% •42 .. : ' 42 6%1 • 3 Oct 20*4 Jan 48 Oct 10 shs—• Products — Jan 2% Jan 11*4 M a y 1% Jan Jan Jan 69% Feb 3*4 1,600 25 International Safety —* ..._—• Razor B International Utility class A. . Class B— • —— $1.75 preferred ———;—* prior preferred———„.—* Interstate Home Equipment ——1 Interstate Hosiery Mill's—— * Interstate Power $7 preferred......— 3.800 5,500 14 7*8 900 •'■'■' •-■'% 16 • ; v:;Z *4 3% July 9% Jan Nov 16 Jan 2,750 ?:;.'."i TV 100 ~6*4 600 •/5f Jun 21 Jan 7% Oct 32 ' , ; . 6 6*4 ■ 18 / 17% , 18 150 45 Nov 3% 21% Investors Jan 1 Feb 24% 1*4 Jan 10'/a *4 — Jim 1% May % Mar 1„100 21% $3.50 Royalty——..——.......1 Iron Fireman Mfg voting trust ctfs.—* Irving Air Chute—.——— .1 Italian Superpower, A—.———,—• 21 Jan ' ; 19% . 21*4 July Jan 6*4 200 2.500 16 i3o , 21*2 i'J 14% •"'••■'• a I (i IS.: 10% July Jan ■13 200 May Nov 6% 7% 18*2 7% 5 14% July 8*4 Jan 18*8 6% -10 — ... 12*4 *4 157« 900 17*% 6T4 18% Sep 800 1,100 18 ——— coupon AUg 112 45 % 13% •13% shares—. 24 , Jan Feb International Minerals and Chemicals- Petroleum Jan 91 20 900 15' 3 >■;'■' Industries A——* Jan 7% 14*4 Meta! 9 % 15*4 July 10% July 1% July 38*4 July 87*4 'Sin* 16*4 Jun •83% 81 7% 15*4 July Jan 225 26 14% International ■ 1% 1 23 ' 23% 81 International 7% July Jan 9% 10 190 41% 39 41% of North America.—10 ^50 Industries Inc.———1 Oct 20 110% 109 Cigar Machine— Co 9% Jun lGT'a 12*4 11% 11 ' International Hydro ElectricPreferred $3.50 series—— International . 5*4 Mar *4 11% 11 Til preferred—100 .1 preferred.—'———.——>..100 Insurance Sep 300 1,600 8% ————...——£1 — 5 Jan 4*^8 43*4 7% 10% ' Industrial. Finance v t c common 7 Yo %■*■/! ••3% - 7%' Co..-.-—-—--——* Sep Feb 700 7% 21 Jan 3% 1,800 ,3*4 43a 5,900 2% 1 10% Jan *4 8 1% 1*4 Co.————1 3% 3*4 —i 4% 3% Aug Jan. Juu Oct is July 14%. Jan 3,400 8 1% Jacobs Aircraft Engine (FL» Co.— Jacobs Jeannctte Glass Co..— common— l footnotes preferred see — page bIII 1965. • • 3 __ IIIIlO Fireproofing commonllI & Elec $6 2% Jan preferred.—.^,— 100 preferred——.... —JL—100 July Apr 2 Jun Jun 3*4 ' ' 9T4 2 500 Jan Jan ■ ... 14 — 14 , 113 . ■14%' 113 200 50 7*4 Feb X13 % 90 Sep Apr . 13T4 Sep 4*4 May 8% July 16% 116 Apr Nov 300 Oct 6 July Jan 6% Jan • 2% Jun 66 . Jun 89 Aug 97 Jitn Aug 69*4 100 18 Jan 100 10 79 Jan' 102% Oct 18 25 13% Jan, 19% Sep K July 1% May 2 2 _• — ' Jersey Central Pwr &Lt 5*4% pfd—100 Kansas Gas & Elec Kennedy's 7!^ prefefred—.100 Inc.. Ken-Rad Tube & n preferred series A For Jan 41% 3% Indianapolis P & L 5*4% preferred.100 Indiana Service 6'4 preferred.—100 7 % * 43*4 50 preferred 82% July Jan % Jan — . '...: reg Corp 10 774 Mar - — IIIIIIIloo — Gen Electric Co Ltd— las 2 Apr 22% Jun - Jan Aug 4% Mar 2,000 38 _• preferred.——.100 Gellman Mfg Co common General Alloys Co Gen *8 1 Julian & Kokenge Co.——_———.* 5% Jan 8 Co imperial Chemical IndustriesAm dep rets regis— £1 Imperial Oil (Can) coupon..———♦ Registered -*: Imperial Tobacco of Canada.———5 Imperial Tobacco of Great Britain & 7 Yo General Oct 8*4 July changed to conv Illinois 6 % Amer , 5*4 Mar Oct 42 Mar 4*8 Wa¬ 18*5 .1 .1 — 39 3% ' 5% 83 Jan 5% Jun 1*4 Mar 39 1 $3 conv stock——; 4,% v of France— dep rets bearer——————— (Peter) Brewing Co———9 Co May 15% 1,000 Amer Fox Franklin Jan 16% • voting Ford Motor 6 Canada;— Class A non-voting——— Class B 4 50 Apr 115*4 Aug 20% Jun Jaa - Mar 27% 3 2,300 13 7*4 ;♦ ' 8 -5 10% Mar , Jan ?% 13 15Vo 60 1,300 1,400 1 Illinois Power Co common— International Fairchild 4*4 Aug 105 ' Warrants ...—1 Mar 108% Apr 14% Jan 634 19 T—1 — Securities Power Iowa Registered Aviation— 34 23*4 Feb 3.100 77 • 3%' 6 I Illinois International Falrchild Jun Jan 100 17% •74% Ligonier Apr July July 29% July Jan 43 6% 79% 25 103 *4 Mar 17% '77 & Refining—— Hummel-Ross 1*4 May *4 Jan 10*4 Jan 200 12 Electrographic Corp—... A Elgin National Watch Co—,— ..15 Emerson Electric Mfg—----------—4 Empire District Electric 6% pfd 100 Empire Power participating stock—* Emsco Derrick & Equipment— 5 Inc common 20 — 45*2 Everslia rp 25 38 4*4 11% Sep Nov 6% 225 26 25% 100 5 preferred— —— Hubbcll (Harvey) Inc^__— Hussmann ■' * Hardart——— & f>% Humble Jan 16 38% Jun 22% 35% Light 2d pfd A—.* warrants——— — Esquire Ino——————— Eureka Pipe Line common Jun Jun 32*4 July 3*4 May ■•7_: /■ Baking Co—.—* Dividend urrear .ctfs————— ^ Electric Power & 59% Jan m : 21 *4 $5 Jan 450 19% 59 21% 22 42 24% 24% $6 Equity Corp common $3 convertible preferred 15% 24% 2% May Jan - 800 350 33% 32% $7 Option Jan 15% Jan 13*4 May 7% Jan 4,500 1% 58% 31 ———• preferred series A ————* preferred series B————• Eastern Sugar Associates-— $5 preferred v t c———'——;——1 Easy Washing Machine B— Economy Grocery Stores—— —• Electric Bond & Share common—_._5 11*4 1% 58*4 25 — Jun May 11% 21 Hormel Hygrade Food ProdudiS-i—— —.——10 Eastern 4 27*4 July 14% July Inc—.—— ' 8 Ve 9 Jan Jan 29% Vv 9% Hollinger Consolidated G M— .5 Holophane Co commoh———* 1st Picher Lead July 7% -Apr 11% May 11% May Jan 6 1,300 23% 1614 21% 4% May 46 22*4 Jan 100 23 22% 14 2.50 —10 May *33% May . Jan 9 100 150 21 Yr 14 —-5 Heyden Chemical common (R) & Co class A— Hyctro-Eiectric Eagle 6*4 Nov 27 Jan 7*4 Hewitt Rubber common..— Hoe 6 Jan 1% Jan 200 87« ' t> ——25 Henry Holt & Co participating A— «- — May 4*4 Jan 100 27% 8T common—™ 2 31 3,600 : 9*4 107iil 10% ——— 7 X6% 9 %v May 19*4 Jan 1,500 40% 6% Mining Co —25c, Helena Rubenstein—J——————* Class A 400 40ai Hecia Preijerred . Jun 50 3% 700 200 4:*8 28% Heller July 25 Jan i,i Jim 1*4 Aug 3,000 2% 2*2 ' 4*2 Corp— 7 Jan 17*4 Feb 42 . 3% 12% Jun 700 12 ' Draper 6% 4V« 250 . 9 5*4 12 ' . 100 4T» , common——... ...1 Industries Domestic 4 , common—. —1 Truck Dobeckmun '- —^ # Diamond Shoe common...— Divco-Twirx ; 800 19% 19'44 Dept Stores common—,——5 convertible preferred.; .——50 Heam Apr 19% X8% — 6 5'2 .—4 Co. 4% Hazeltine Mar 9,300 ;■ 1 Feb 5% ■ Products—.——— —10 De Vilbiss Co common July 111 Jan 50 110 '•* 70 73 ' Gray Iron Foundry...—. 34*4 Jan ;3% 4 preferred———— Detroit Jun 24% 20 61 ' , 5*4 ■ convertible 6% 61 '• ' • • "*• preferred.——>— Detroit Gasket & Mfg.——... —Zi A 19% ' debenture—— .100 Derby Oil & Refining Corp com... Jan 80 3 2 To 3 preferred.—————50 $6 prior Nov 700 ' 1 Dejay Stores— —— Dennison Mfg class A common—.. —5 8% 11% 22 *4 ■:._ 33% convertible—i. —35 Class A • Jan 5 Hammermili Paper.—.———10 Hartford Electric Light———-—25 Hartford Rayon voting trust ctfs 1 Harvard Brewing C04———.-1 Hat Corp of America B non-vot com—1 Lamp i5 — •121 121-" 10 93i 100 115% Jan Lamp A——...* ..100 1 .J Oct 14% Apr Sep 5% Sep 45 July 55 32 Jan ,41 .... preferred D...^—..— Kingston Products.—,.; Kirby Petroleum May 9% Jaa • Key Co common——— Kings Co Lighting 7 Yc pfd B—n.._101) 5% 123 Jan 5% '" 6*4 5 % 9% •2%' "3% •2% 1,300 4 1;600 1% Jan 1 54 iIh.Y1 4 Oct Oct Jun 5% July Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number ' STOCKS New York Week Curb Friday Nov. Ended Week's Last Exchange Range of PrJce3 Sale Price J,'i Low Par Klrkland Lake G M Co Ltd Klein (D Kleinert Emil) (I B) Co Low KHigh 15% ■_i. 10; Nebraska Power 7% Nehl Corp 1st pfd Oct Feb 10 Feb Jan 69 * 1st preferred,. 100 special preferred———10 Brewing Co———.. 1 100 13 /%/ 13 7% Va 8 ' 85 July 4;Va Sale Price 8% ; (Herman) preferred Haven Lake Shore J) Mines Ltd 1 Lakey Foundry & Machine Lamson 31 30 11% 2%V 12% 11% ' 4.300 8% preferred Tel Clock Co 1 - 14% Jan 2. Jan Oct 6 100; Feb 105 10 97ii 4% Y & 11% Jan Class B class A—* N Jun Realty common preferred Lehigh Coal & Navigation % ' l'b • ~7% ' 8% Oil Development Le Tourneau (R G> 25 . Inc Material Co Lipton Lit Brothers i Y Power & preferred class A____ preferred class B Land Louisiana & 10% 600 7J/2 Jan 12% 100 17?% Jan 24% •1% 1,200 Oct 18% 50 4 12j% Jan 16% • Va 3,900 ft1' 't Jan 9% Apr 1% 3,500 u Jan 8 i 51 52 V 1 350 100 49% 48% 50% 1,776 1 6% 6 Va 6Tb 7,600 Exploration • Lynch 5 common I — 24 '/a 5% Oct 9 Va July 110 Aug \ Jan Jan 18?/ Apr Aug 52 % Jan 103] 300 20 2% 55 2lf/2 Jan 20j Jan 50 108 Va 108% , , Jun :/ k 1% 29 Va May 2d $5 convertible preferred munication 6% 20 20 20 Jan 111 100 5 2.100 4% ——* 61 b . 341 / ' —... # ' , 9% 44 Jan 8% Jun Jan 12$ 2? 2,600 Jan ' 1,500 , X98% :x98% 110 1% Jan Jan 8% Apr 1 Va . Noma •' • 350 Jan 112 Vis 2% ll ... .{ " ii B common.. 6'.. " 7% ....1 6% /:! 1% \ . 7Va 1% 1% 8Va 8% .. 8% .V; 9 ■. Oil Midwest Piping Mid-West Co.. 18% .1% Minnesota Mining ' & 1,500 , '50 2V4 l4 . 100 1% Power common 100 Rayon class A A—— 9 Tb 2'A 2% .w.s.1 Dakota Utilities 3 1% 171 I5P4 7,000 V Is# 500 173 ' 230 : Jun Feb July Producers..——. Mountain Ststes Mountain States Tel & Tel— 28% 28 6% —10 1,600 900 G x5% .—100 -2% common 11% . ii% 5% 5% 59... Jan preferred 2——:___25 Candy Co—: —• City Lines common 50c convertible preferred 50 National 6 National Power & ... common Ohio Brass Co Ohio Edison Ohio Mar 2% July '2Va Sep National National National Aug 8V4 July 13 Nov Oct July For Sugar Refining: 5V2% preferred—.; 11% 4% 101 page Va May 98 29% 400 29 100 22% Sep s Jan 34 July 23% Jan 34 Ju'.y 51% Feb 53 Mar 500 % Feb 1% Apr 4 Feb 6 Jun 82 Jail 104 Aug 102% Mar 1.03 103 103 111 Oct a % May 10 *"E% ~6% 1,600 4% Jan 23% 100 16% Jan 3% 23% 27% May Oilstocks • ..30c 19G5, Ltd conv 1% 10 Va . 4-' Jun , 'ii% May / 8 Nov 180 Jun 33 % Oct- Jan v ;.A ' .If4 Jan 4(7a Jan /•'li% Jan 112% Jan Jan 91 __ common common Jun May 117% 109% 109% 5% 115Va Jan 118 Oct 103% Mar 25 Jan 107 -40 106 112 July Nov Jun •' * 300 x5% Oct 15% 18 / . 50 5% 18% GOO 16% Aug 19% 51 15 prior preferred 5'Tb 22 % Jan 106% .117 Oliver United Filters B ;• ... 52 350 48 Jan 70 110 Feb llSVa 115% Overseas ' /' Oct Apr 55% July Securities ' . _ 7%.;':; 7% ' „ 117 May 7. :3% _ 50 1 Jun 8 Feb Jan 8 Jun 3% „ 1 Pacific Can Co common Pacific Gas & Elcc 6% 5 % % 1st preferred • 1st pfd Jan 7% "Jun Pacific Lighting S5 preferred Pacific Power & Light 7# Public $1.30 1st preferred.. 10 A 102% 731 Jan 98% I-' '•3% Jan 5% 15% 7% Feb 19% Aug 72 3/i Jan 86 34,900 3,% Jan ; 19% July 300 '9% Jan 34% 50 28% Jan xi% "5 62% 62% 25 "% ♦ "% 200" 103 102% 103% 160 76 161 161 163 150 150 62 62 63 1,000 20,000 , 44 Peppered Co Mfg Jan 65 -39 33% July % 6% Apr 20 Aug 132 •»/:• Jan 115% 115 115% % Mar 2% Jun 1 x6% x6% 500 * 3% 8% Oct .15% 104 • Pharis Tire & Rubber 600 common. Phillips Packing Securities Pierce Governor Pioneer Gold Pitney-Bowes Pitts Bess Jan Sep 1% Apr 105 Sep Sep July 100 173 % July July 125 Sep 34 V* Sep 4 Jan 7 % 5 , Jan 9% July 31% Feb 21sa 24 9,400 8% Jan 30 9% 10 200 8% Jan 13 Va • Ltd Postage 6% 23% 1 Meter RR 1Tb 17» 0 7% • ; 7% 900 7% 4 % Jan ; 1% 2,700 Jan Oct July 34 6% 3 G'/b Jun 3 69 • common E Jan Jan 21% 25 common... Mines & L pfd Co Jan 51% 150 Perfect Circle Co.. Philadelphia Co Jan 74% Jan « 100 Sep Sep Jan ...2.50 Power Co Oct Apr Jan 20 Co, Penn Water & Aug 5% % , Penn Traffic 37 36 32% 27% * 50 Jan 30% Aug 3% Jan _• $7 preferred Mfg Co Sugar Prop common Nov 16% 25 6214 Oct Apr 26% 28 ; July 9% 14Ip Jan 100 16 % Oct Sep Sep 6% 34% x4 110 Sep 20'% • 1 Salt 6 26% • ... Jan 14 % Sep 36% July 33 % July 50 04 6% ] ... common $2.80 scries prclerred Penn Gas & Elec class A com.. Penn Jan 1 Mills......';.. Light preferred.. Jan 82 7% Pennsylvania Edison Co $5 series pfd.* $6 Jan 28% 1 • .... Pennroad Corp common Penn i8Tb 3l: 300 108% 108% ...—10 Power & 100 1,600 32% • Motors Corp preferred 12% 35% • Parkersburg Rig & Reel/. $1.40 ; 100 Service Page-Hersey Tubes common... Pautepec Oil of Venezuela Am shs Paramount % * pfd Pacific 12'% 35 35 % 32% 25 ...25 Sep 2% Mar , 9Yb Jun July 2% Jun Sep 6 Jan 7% Jun 38 Jan 42 % Jun 600 50 Jun 14% Mar Pittsburgh & Lake Erie 50 60 58 Va 61 890 47% Jan 65 Va July 10% Pittsburgh Pittsburgh Metallurgical 10 11 11 11 10 Va Jan 14% Plate Glass Pleasant Valley Wine Co 50 25 94% 92 84% Jan 98 ■ 57 Jan Jan Jan U Apr 69% Mar May 15% Sep 2/ Jun 28% Nov Nov 35 1^ Mar 40 Sep 13% Inc 50 1,200 1(1% Nov 100 44% Feb 54 11% 13,700 200 common Scale common 7% 700 10% 8fya Jan TVs Mar 12 4% Nov July Apr Sep 700 102 July Jan 8 Sep <4% Jan 13 May 8|% Jan 3Tb 10% 11V4 17'/2 16% 18% 1,600 12% 12% 200 1 % 1% 1,800 1% 2% 2% 1,400 j? : 900 300 2% Jan 14 Vb 14% 200 8% Jan 14 " 14 10 /'%_ —25c - '2 1% 16 % 9 Powdrell Alexander * Premier Gold Mining 1 Prentice-Hall Inc 12% Mar¬ 100 t's • • 2 % 28,600 10% 4,800 6% 600 5% 5 Power Corp of Canada Pratt & Lambert Co - 6'4 5 k 1,400 3% • • - 95% 3% • 'r 7,50 P£trero Sugar common Pressed Metals l4% Nov S|Va Jan 1' 1 Hi Jan 12% Nov 21 May 8% Apr Apr Jan 13% Oct 2% Feb 4% Apr % Jan common of America 5% 25 ; 50 19 25 Vb • 251:, Jan 7/ 334 Feb Jun Oct 4% Jun 14% Nov 15 - Sep 2% Nov 10% Oct 4% Corp of Nevada Prosperity Co class B 6% 7 % of ; 15 ' 1 4,100 Jar> 7 Apr 5% Jan x9 Jun Jan 30% July : . % Jan 34 ft" 1 G """% "" Jan ; — 1 " Gas Public Service 15; • ,_1 Producers Providence 190 l Aug 35% 10% 1% Jan 17% 250 Jan 19,200 100% 101 . 2% 350 __ __ 5 2,300 20 19 ; 100 preferred $5% 3% 104% 10G 105 1st pfd—100 100 Oklahoma Natural Gas S3 3Tb 19 % • Apr 10 _• Radio... see July 1% May 4% Jun #/a 4T4 . 7% 12.50 Tunnel & Mines footnotes Jan Apr 9% Jan 52% . 21% May v 11% . 10% 4% t Tea Union Jan ali 475 12% IGA4 20 49% .50 • Ltd National Transit. National 3% 24,200 27% Aug 35« 35% 11% _• Car 100 % 89 29 ♦ common Ohio Public Service 7% 6% 1st preferred Jun 13 Apr 29? 11% National Refining common National Rubber Machinery B Polaris Mining Co *. pfd—.1—* Steel 27%. __4 class $6 preferred Power 4%% preferred Pneumatic _• Light $6 National .4% % Jan 150 / 59 • l'/j. ._ Mfg & Stores % 1% 86 25 common Telephone .112 '..Ifa Mar / •f ii Jan 1G31 1(1 10^ Bellas Hess common..—1. Breweries common • National National 2,9uu Jan 8% May Feb V. u May 6% May 104% Oct 200 11% _* — National Fuel Gas Jan 8% lx\ • Plymouth N $J 83% July 76% July o Ogden Corp Plough l'o 91 8,300 100 Peninsular 97 Va ipa Jan •••'•• preferred National 80 10 Jan 4% pfd.100 Corp Patchogue ' 125 1% common—I.—* Muskegon Piston Ring National Jan Jan iV Sep 5 preferred Novadel-Agene Phoenix 1"« Murray Ohio Mfg Col Nachman-Sprlrigfilled 3% 42 Sep 58-% May 3-% Jun 50 Apr —... 6% 3,400 • RR Co Phila Electric Power 5% Moody Investors partic pfd.. ——• Mtge Bank of Col Am shs Mountain City Copper common.. —DC Muskogee Co Jim 1/128 50 Utility Securities Central Texas Oil r Apr 59 V4 Mar Jan Jan. a 900: . - Jan 3,900 16% —...10 Ward - A— Montreal Light Heat & Power.—..—* Power 54 10 200 ft ♦ 6% prior preferred Penn t| 9 15% Montgomery Mountain GOO _4%. ~5 87 • common 2% 19 Jun £r/a common—2—1 Monroe Loan Society Montana Jan Oct 111% } 8% Jan ' Pictures 1% (58% 1 • 35 % . i\ lf/i Jnn l| Apr 550 :ii 21 Nov Jan IoJtV 9% 9% GjVa Jan ..* 15 Apr 9% Oct Jan; 9a ...—.—1 2 15fb Jan" 800 pfd—..100 Corp. . ..." Mar"- 2-f% 1,200 :v 8 ',4 1% 52 Monarch Machine Tool.— Monogram Jan 777« 1 North American B •1 May Sep Jan 103 Va 104 5 23 14% 36% 1/64 9% July 102% 39,400 10 103 50 08% 4% Feb 110 2% 75 '112% 700 2% ~2 % 76 " * preferred Class 15% 49% 13% July Jan 95% 1 Parker Pen Co Mock Jud Voehrlnger common——2.50 Molybdenum Jan Jan 0. ••350/ l*/4 50%'. 5214 —• common 6% 1% May ' Jan 1 pfd—.100 Mississippi River Power 6% a • ' 2% Mfg.:—...——• Missouri Public Service 7% Mar 6% July 8:! t Sep 50 xgiv 16, —1 Light 7% Sep % Mar x3 1,900 8,600 : 24% . x7% Supply..— Mining Corp of Canada 5 % 1,300 ; 20 22% 1..10 ... v i v.i 50 Refineries Minnesota Pvvr Si. 70 109% 109% 100 Electric $6 Jan Sep 111% July % Mar Apr 4 9. 22% — & 18 10% Mar Jun >.: Jan 1,100 ' -• common...— * 40 Jan 200 5% Midland Steel Products— Midwest 200 3Ta July Jan ' preferred—* Abrasive 21% 48% 5 Omar Inc m-A % 1,200 ... 5% ■ 5 Va Corp common——15 Oct 4 % 'X - 'v '* ' —10 $2 non-cum dividend shares 52 Jan i • • 108 S+'t* v- r*-. Class B vt C— Mid-West 8% May 2,4 Tb May Nov Jan 98}/4 1Tb 28 Micromntic Hone Corp—... —1 Middle States Petroleum class A v t c_l Midvale C6 4% May 2% Jan -V Feb warrants North Amer Light & May . 1 Va Mar —22.50. ———... Sep Jun 211 i——1 Michigan Steel Tube...... Michigan Sugar Co..— 4% 53 "50 6Va 5% Corp....— —25c Participating preferred —i—15 Metropolitan Edison $6 preferred —• Michigan Bumper Corp— Xl50% Jan Jan i' 1 —... 4% May 13 T a May Jan § 190 v* 44 Aug 6% May Apr 1,800 ' 3%. 3% 24 2 Textile West •' v;/■■ Mar Jan — Middle 4 300 " 141 Vk 148 " .—___• common— Midland Oil Corp $2 conv v-r xll 109 % Jun 500 2% 8% 3*'-m Mcrritt Chapman & Scott—— Warrants ■/—...a. 6 %c A preferred—^...100 ; ' 7 2% 5 — ♦ & Co„ Preferred Feb JUn Jun Jun 35 Jan ji« Memphis Natural Gas common.....—3 Metal 90 3?/< Jan Ci—... 1 t v Dredging Messabi Iron Co. July 31 •V 2% 103%. 103% Com¬ Xr.——• Stores 4 Jan 28 ' Sep Jan McCord Radiator & Mfg B———• Mercantile Jan 57l Shovel————if..—• Johnson Jun • Massey Harris common Mead 68% Mar Jan Oct 9 —1* Marine Mass Utilities Association McWilliams 2% Ltd Co Steam Jan 2£a • ; Co Margay Oil Corp. Marion ?/b 1 Co— Mfg International Marconi 1.100 Jan (The Bt Consolidated Mapes Oct 1% UJ " 1/64 Nineteen Hundred Corp B Nipissing Mines 7% 1% 103% 100 Northern States Power class A Manlschewltz 21% 102 100 Nor Indiana Public Service m ; Jan -%%/■■ warrants Class A preferred— Niles-Bement-Pond North Penn M Stores Jan 200 •u 1 North American Mangel 4Ta 13% 56% 1,300 ■ 21 • preferred Sep 110% ' 10 shares 18 300 Light 7% preferred—100 optional Nov Jan ';'—w • ■'iv preferred A Northern Manati Sugar optional warrants... 5% May 53% July 6% 400 56':; 2% 10 Class B optional Niagara Share class 2V2 May f/a Jan 1st Class Oct 14% X8 100 __ Jan 11% May 87% ' preferred 5% f Oct 18J% : 55 ; Shipbuilding Corp— 5% Jun 24 1 % ~8% 10 18 k N 32% July 14% 10 Louisiana Power & Light $6 pfd Corp 2€% 10% 5 i Long Island Lighting common 6% 100 ; A_—* Lone Star Gas Corp new common 7% 27% , Jan #4 Jan 24 • Class Chain 1 100 (5% .:.,7k"18% ?i 56 Y State Electric & Gas $5.10 pfd.100 Y Water Service 6% pfd... 100 Niagara Hudson Power common 10 Oct 9% May % May Y Jun 25% Jan 9% Jan 1,435 ip 106 • N Nov 22 it preferred—_25 common Groceterias Steel Locke 2 Feb 13,700 27 Va "** 5 (Thos Ji Inc 6% Loblaw % % k 1 • Line Mar Jan 7,200 ' Leonard J..- .f-' 1 Honduras Rosario Founders 5% Mar 2;)'b Feb • ... N Jun 12% ...1 Convertible 21 19% May • -— Lefcourt 15% 4' ■ 25 Merchandise $6 Langendorf United Bakeries : • City Omnibus warrants Y N Apr 6 Oct Jan k ' Nov 200 N Mar 16 Oct Sep 7 Va 300 ... Apr Jan High 26% 114 1% ' 47 15 10(5 • common Mexico & Arizona Land... Y ~3% 200 : :j 43 • ..100 Jersey Zinc N Jan Feb "• 46 * New Process Co common....: N Y Auctitn Co common Jun '700 2% 105 100 Lane Wells Co common— 39'A Jan 105 2% 5 - Lane Bryant 7% 20% '540 3 Va ...1 of Delaware Corp f 30 —.100 __ 7 V 6% / 6 : — New (N vV, Low 104% % 500 ' Nov New Idea Inc 4% 7 Va • 100 England Tel & — 12% ' New RR 712 * •—; New 600 ' ; Range Since January 1 /"/' 26% ~4 •-. ^ ——• preferred New Lackawanna 5 ... : % /'k'kr-:::/; /--nV'//; • Corp Shares inch 25 ,. preferred $2 Low 100 Sales for Week of Prices > England Power Associates 6% Se)> 14% May Jan Co Nestle Le Mur Co class A New / Week's Range Last 12 Neptune Meter class A 104-% Oct 12.V4 Mar 800 : Oil Nelson 9 Vs July ffl", (S H) Kreuger Jan 92 150 101% 103 100 convertible Kress Apr k Navarro Oct 1G 12 4'Va • Koppers Co 6% preferred.—._ Kresge Dept Stores— Nov, Par Sep % 9Va 200 8% 8% 1 ■ Friday . Exchange Ended High Jan Apr 13 Va 200 15% 10 York Week Range Since January 1 V2 • common Rubber Co _S,T0CKS Curb New Shares 1 Knott Corp common Kobacker Stores Ine 4 Vo Sales for Week Jan 3% % Jan 3,200 AUg 7% July Va May 8% July 4 Mar 7 Jun 100 104 Apr 107 .100 109 Apr 114% Aug • • 8 8 100 8% Mar Colorado— 1st preferred 1st preferred ... Puget Sound Power & LightCommon $5 %V Sep 43 prior preferred Puget Sound Pulp & Timber Pyle-National Co common Pyrene Manufacturing 10 • • 9% 94 10 94 Va 22,300 250 11 -- . 8% 93 — 11 25 — Nov Nov 12% 120 Sep AUg Jan 13% Sep 8% Jan 15 7% F^b 7% " 5 .10 87a 93 Sep Jun 9V3 May THE COMMERCIAL & FINANCIAL CHRONICLE 1964 Monday, November 15, 1943 NEW YORK CURB EXCHANGE Friday STOCKS York New Nov. of Prices Sale Price Last Exchange Curb Ended Week 12 Sales Week's Shares Low Par Range Since January 1 New for Week Range Low High High Q Co Power Quebec 84% 8414 20 70 20 92 146 Feb 156 Feb 13 151 151 .151 Jan July 13 July Mar (Si Sullivan Sun Last 12 Low Shares Co Low 100 • pfd— ' 19% 20 16% 16 % 17% 13 * 1 Ray Drug Co 12% 13 1,300 Jan 1% Sep 11*4 123/a 13% 100 / v Jan 213/4 Jun Jan 20*/a Jun Jan 13% Oct Jan 52 V2 Oct 500 7*4 50 class b com High '4 11% * conv Range Since January t High 50c common Superior Port Cement 43 * 12% Mar 15 Finch Oil Corp Swan of Prices -8 Corp Oil 5%% Sales for Week Range Sale Price Machinery—— Sunray Week's Friday Exchange Nov. /Iv*^.1V/.-; Par (Hugo* Stokely Foods Inc 84% • 100 * Curb Ended 1:1.%%'!;'4'■ Stroock — York Week Stlnnes Quaker Oats common.. 6% preferred-— -.-t. STOCKS 8% Mar 15 July Sep Sep :o% July i R 1 V/4 20.500 f» Jan 12 1214 350 7*4 Jan *4 Jan 14*4 1514 400 13*4 Jan 19 Mar 46% 4614 20 46% Nov #51 Mar 9 '/a 101b 3,100 2 3/4 Jan 1*4 Radlo-Keith-Orpheum option warrants- 10 Railway & Utility Investment A 1 Rath Packing Co. common 10 Raymond Concrete Pile common—.—• Voting common 15 % preferred * Manufacturing common—50c Red Bank Oil Co 1 Reed Roller Bit Co * Reliance Eiectric & Engineering 5 Republic Aviation 1 Rice Stix Dry Goods * $3 convertible Raytheon 2% 21*4' 10% Jan 29*4 July 13% Apr 2% Nov 5% May 7 Jan 200 *4 214 a4 1% Jan 33 Jan Russeks Fifth Ave. Jan 108 Jan 17 7*8 Jan 12 Nov 23/8 ll// ,■ "4 % 11% Jan 4 2*4 600 ~6% 7 "7 Feb 19 Feb1;; Apr 5*2 1% T% 7% Oct Jan 3 500 4 Oct Apr Nov 5% Mar 3% 1,800 3 5% 71 22 3% 1,200 ■/•/ 3 "5% 1 -• 1 Jan 49*4 200 69 69 Tobacco Jan 6*4 Mar 200 2*4 May Jan dep Amer 7 — 6 • 61 19 /'■'7 ,1. 1 Exports 4 4 rets ord dep recs def regis ■— reg h • Edison b% Jan % Jan 7.M' 4*4 43 3,400 • ■ "*/;I7 — 56 7 I /; Feb 6% Jan 1% Apr 8% 2% Feb Sep Jun 62 ' Oct July 22% Jan 2% Corp Transwestern Oil Co Tri-Continental 10 Chatillon Class 15*4 1 convertible July 53/a Jun 7 7*4 ~8 58% 62 . 62 I,- 109% 116 Jan ' 6% Jan J* 4% 1% July 8% July 10 Apr Jan Jan r- 73 •• 1% Jan I 1,100 6 3/4 Jan 10% 2% '2%..; 1,100 2% 2 >4 1,100 3% 3% 600 Oct - 1,200 10% Feb May 18 •/. Jan 39 Oct 1 4 7% July ; bJO . V Jan 1% :• 2,400 3% * Jun Nov Mar 7~ . May ' 67 . Mar 3,500 • 3 Jan 107 3.300 : 7« 11% Aug 102 3,600 16% % 1 preferred *7* 7-7 7, 7% Corp.. A 3 H 15 . 7'-/ • \ 3 /■';.:% -x* Tung-Sol Lamp Works 53 I' .''•-II':7: 3% warrants Trunz -Tnc.-———— ■ : -M — "—I 1 Lux — ' 880 - 1 Trans V LO CD —- __ 100 ... v. — 56 ——' '• 100 preferred Tonopah Mining of Nevada 80c .4% 114% Jan Jan 11,000 . • Jun 26% July 15% July Mar 3% 17 % ;-'v • preferred.. Tubize 102 1,100 13 —• ' * 20 'S 5*4 Jan 300 7% iuy'-. 6% 1,300 a 20*4 jr. 1 • Shipyards Corp 7% 17% Mar 7,900 Security Trust Co Ltd— Amer Toledo 3% Mai 700 13% 5 Stocks Product 3,400 22*4 12 114% 114*4 -2 -— Allied 4*4 21% 12% pfd—. III160 common Realty & Construction& Tobacco Todd 5% July 18*4 July Jan 16 Co Roofing Inc Tishman Tobacco Mar 400 r4% Light 1% Oil & Land Co Shovel Nov ' /,'• 2% — Aeronautical Co Consolidated Petroleum— Ryerson & Haynes common Nov 4*4 July % Apr ; 13 * Ryan 1% Sep 91% — Ryan 10% Nov 900 1,300 20 Typewriter Royalite Oil Co Ltd Jan 3,000 14 Texas Power & Texon Tilo 300 9 common 4 21% *;' • Technicolor Inc Thew 4*8 1 Taggart Corp common Tampa Electric Co common 14% July 3% Oct 75 2 % 1 Co % Mar 5,200 3 . 5 —5 convertible preferred $1.20 11 lit 2'/8 81a —* Pendleton Inc Corp common—— Roosevelt Field Inc Royal Jun 14% July *4 Jan 100 Cable Petroleum 16,500 2314 ll1/2 , 1 1 pfd D Rochester Gas & Elec 6% Root 2214 3,4 v t c Radiator Rio Grande Vailey Gas Co Roeser & 2% warrants-——. Richfield Oil Corp. Richmond 2 22% . Rome 2*/a & Light Securities Railway ■ Oct 5% May 11% Oct U Udylite Corp St St $2 A Regis pref conv 1% Oil Dome Oct 1*2 Jan Sanford Mills Oil Co Schiff Co common (D A) Electric Lace Scranton Steel 900 s *2% 400 15% $6 15% 15% 200 12*4 Union Gas of Jun Union Investment Oct United Aircraft 3% July United Chemicals 36 Aug 3% July Jan 16% July Jan Oct: 18,100 % Jan 2 48*4 700 22*4 Jan 54 27% 28 1,200 25*4 Jan 32 July 17% 27% Jan 29 $3 Oct Canada * 53,8 1% 100 7)3.4 pfd participating 5 Jan July 6% 12 • Stores 3% May 4% May 3 7*2,. common———• Cigar-Whelan Jan Feb 2,500 5% 8% 1 1*4 3 Jan July 57% Jan 1% May Jan 6.000 July 17 ■f Jan % 23,500 l.i 7% July 14% May Jan 57% 1% ._10c 3*4 May Jan 2 3 * common.., Products.. A May A Jan United Gas Corp common $7 1 preferred non-voting Option 1,000 10% Oct Apr 44 480 60 9% — 7*4 62 Jan 16% warrants $6 1st 1% 2% . * ; 117% 55*4 123 Jun July 15 May % 17,000 % Jan 100 % Jan % 58% 6.400 21% Jan 61 Va 29% Feb 39 80 Feb 93 l'rt —• Jan 1,350 12,000 A l<» * • 115 May 4% Jan % ■. ; -••••••? _• % 23.900 16 Jan 117% % — preferred 2% 116 — Power common A class B Common July 10 .*. United Light & 55 60 • 3% 13 United Corp warrants 'United Elastic Corp—, 1st • , common & cum United • Brook Water Service- Co 10c Co Sep 1% — 25 preferred 1 Va 47 114 1 Corp.. 4*4 May Jan % Realization Manufacturing •11% Jan 243/ —25 preferred SB 13.*i common < Scranton Spring Scullin 1% Ulen Unexcelled 137 Jan ~2 • — common preferred— Manufacturing Scranton 2* „ 5 Convertible Scovill 11.800 Sep 16% July Jan 10% * Savoy Schulte 115 250 8% 95a 1 common 10,100 3*4 137 134 134 —.—1 United Corp Samson 2% 2*4 5 100 Co„. 2% Apr 13% Paper common preferred— 7% Salt * 5C Corp Ltd Lawrence Class _1 54*4 i*« Jan li May y: Jun Oct ./••••- >'y i:" Securities Corp General 1 Bros Inc— Seeman Segal Lock & * , Hardware Shoe stock— Jan % 6 ""% 5,500 6 *4 3,350 5% 25 67 . Water & Power % May 72% July 73 800 • ~6% 200 2% 1,300 4 4% Jun pfd Beries AAA— cum Sherwin-Williams Co of Canada 94 117 ?— 117 U S Foil U S 8*2 July U S 4 Oct $5 1st preferred with warrants U S Radiator common ; Jan 100 Apr 119*4 16% Jun r, 111% 10 U S Rubber convertible $3 preferred Simplicity Pattern l Manufacturing Co Singer Manufacturing Co Ltd— Singer Amer dep rets ord legis Sioux City Gas & Elec 7% Aircraft Solar Solar South Penn Southwest Southern Spalding 1st Jan Jan 4% May 1% Jan 6 2*4 2% 600 2% Nov 700 37% Jan 49*4 25 ^or 71*4 II 72 30 129 129 2 May Aug 72 Nov 10 Mar 129 Nov 63 115; 5*4 9 3/b 4 3/8 37 34 ~~ r> 1 -t;I pfd : 3*8 9% Jan 12. 1*4 Jan 5 18'. Jan 37 "' Nov 23 190 . 2,200 4% i/s 2% Jan Jun Jan 1,300 i Apr % *4 3/4 May Jan 2% 1 5% July / Jan 200 5 Jan / 1,000 18% v 12% 300 Jan 1% 2% Wall Consolidated Cooler class A Oil Aug 1% May Jan 80% Jun 300 1% Jan 3% Jun 1 % Nov 2% Feb 1% % A *2 300 2% 2r!« 5,200 • 5/e Aug 3 Apr 13 Apr / 7% Jun A "Jan 1% Jan 11 10 Feb 4% Feb 1 Fob 15 Jan 22 16 • Class B Universal Insurance Universal Pictures common Products 1 18 1 —— •/ 17 —— Co • Utah-Idhho Sugar 7% 100 8 — Voting trust etfs Universal 7% • ; 100 18 17% 3,900 19% 19% 18 16*4 Aug 19 34 20% 100 2*4 3,600 2 45% 48% 1,800 42% 100 2 75% 200 49 Nov 21 Oct 3 Sep 3% July 19% July Feb 44% M 2 2% • 23/4 May 15% Aug 14% Jan 3% ...5 Utah Power & Light $7 preferred Utah Radio Products : Utility Equities $5.50 * 1 May stock 1 common 1 "7- 17*4 112 18 112 *4 54 25 *4 *4 7 2,800 % Valspar Corp $4 convertible Venezuelan *4 56 7*4 preferred S trust'ctfsll 1 pfd < 7*4 700 Aircraft 3 Wagner Baking voting trust ctfs ext—• 7% preferred. 100 Waitt & Bond class A „ _ Co Mills Wentworth West Va Coal & Western Grocer Western A May Western Tablet & Oct il% July 600 A Feb 34 May 1% Jan 2% May 1% A Jan « 5 1,100 Westmoreland 43*4 100 Westmoreland 1 com ; Weyenberg Shoe Mfg River Oil Corp (R C) & Co 56*4 Aug 13% Oct Willson Jan 5% Oct Wisconsin Power Sep Wolverine Portland Oct Woodley Feb 44 Jan 12 II Jan 4 900 1*4 Jan 1*4 , 6% 3*4 1 400 ' 1*4 900 7 7%' 975 H Jan 2% Jan Jan 84 Nov Jan 10 July 2% 3'4 Nov 44 July Sep . 12 % May , Williams Oil-O-Matic Products ' 1,600 5% 13 13 1 Feb % 5*4 Mar July Apr 15% July 2% July 10 la Apr Apr 200 — , Feb 7% 100 1 13 * 90 A Jan A May 11% » f7% 109% :I "3% 109% 109'%.-v Jan 14% May 500 2% Jan 4% Oct 20 98% Jan 110% $ov 8% 7% 5% Jan 9 2,300 7 ' Apr — "r rTZr" vfev , 11% C/l: II iultsM i 10. %. 67. A' rJan 14% Jan ' 95 19 ..... . 15 10 15% ■ 71100' *-6 300 9 300 9 9 100 2*4 300 1.1% 125 9 Jan 10 108 Jun 8% — ■* -v 15% ,5*8 - Sep May <• Sep Jun 934 Jan 7% Mar May 9"% %:• Jan-• 8% 8*2 • 26 ..21 /.July;; *"Jal3wo Feb:. .-j • Sep %77"\ 80 80 — • Apr 11% July 6*4 Jan 4 3.000 5 *2 -r' 5 5*4 1 1 284 ♦ 1 Light 7% 10% pfd—100 10% 109 109 1% Jan Oct 9% July Cement Woolworth American 6% (F W) Sep 3% 100 3% Feb 4% 7% 10 ~8 1 8% 500 4 Jan 8*4, July Jun 8% 100 Ltd— denosit receipts Preferred Wright 4*4 Mar 12% July 110 3% ' 1% May Nov Heating Inc & Petroleum 4% Nov 7% -.v.'.'. . Jun Jan 9% 300 10 Williams July 9*4 8*4 20 Inc 2% 35 32 12 86% 1st pfd—100 Stationery Coal 9 7% 43% 20 — 20 Maryland Ry 7% 54 150 I . A May 64 . 77/» 7 _3% : Co Oct Jan 1 cn ' 1% Nov Jan Jan 2% 120 - 5 Air Lines Inc Western Sep 300 4*4 — __1.25 Coke 17%. Oct 114 Jan 1,600 80 % 78 5 West 78 12% Sep Jan —1 Oct 1, "*"% 76 7% 4,200 79 • Class B 18% Jan Jan • Manufacturing Texas Utility $6 preferred 1% 12% 100 Co Knitting 6% . 'v 3/4 18 150 10% w Waco Wayne 16% 200 2*4 May Jan Jan 434 1,400 1 26% 9 :,/8 10*b • July 19% . & Jan* & Jan 4.100 S 100 : 1*4 X2414 1 _ Virginia Public Service 7% Vogt Manufacturing. Mining /a • 1*4 1*4 5 Petroleum Walker 6% May Jan 12% 110 . 74 *'2 68% July 4% Jun Jan % 10c common priority Wichita % Jan 60 , Sep 1*4 1965. 2% 2:!« : 2 Paper Universal May 1 Jan I 13 17*4 IIIIIIIII page 2% 1% 50c Oct 20 I__j ZZZ* IIIIIII* IIIIIIll I *4 900 400 100 July 4% 1.100 • B HI , • Jan Sep 6% ' *4 4% —100 I . 78 July 8% July 11 6% July Apr Jan .2,200 37 I_1 commonlllUZIill* see Sep 9*4 *4 . 4]| 10 . 7"%"' -• 6 % Jan Jan V 7% "9% t common footnotes United • Co class Co • I ~10 preferred B) 32 34 , Sterling Aluminum Products Sterling Brewers Inc Sterling IncShptForwj Feb Jan 300 ■ preferred—_ 2d Aug 200 II Sterchi Bros Stores 6% 1st 5% 33 1% common . Sep Nov % (Ky) Co 44% 30*4 „ (The) Corp voting Steel Co of Canada & 32 1*4 • Starrett (A) 29 % 1 Standard Silver Lead Stein Nov Jan 29*4 5 (Ohio)— 5% Tube 28% A—25 & Bros Products Jun 40 80 29*4 28*4 Co Preferred Standard 42% 10 Standard. Power & Light Common class B Standard 42% 25 preferred Oil 42% 600 Standard Dredging Corp common •" $1.60 convertible preferred Oil 42 Iio Standard Cap & Seal Standard 41% 800 30% Co Brewing Co Standard 41*4 Jan 29*4 Corp Inc Convertible 3% 2*4 " class 4 3,400 Jun 3*4 2% 3 10 25 Power Sep July Jun Spanish & General Corp— Amer dep rets crd bearer Amer dep rets ord regis Standard 7 • 75 —• common 4% July preferred Spencer Shoe 1 Sep 47 2% 400 6 %" % /. Edison— Phosphate Line Stahl-Meyer July 2% England Telephone—100 (AG) 106 800 2 34 _ioo Royalty Jan 96 2 Pipe Southland Mar l preferred Southern 5 Apr 300 — Southern 241 3,100 Pipe Line New Jan 1753/4 80 4% preferred B 5%% preferred series C Southern 27/a Aug Jan 3*/a Mar 230 V4 136 232 1 25 6 % 7 % 1 100 3 common Colorado 2% 2% original preferred— Southern 2% Nov 28 21*4 May 100 4% ; Oil Pa _L 27 _____1 Co common California Oct 4% July 5% July 1 Coast Corp 26% 100 Corp South 5% pfd • Reclaiming Universal 1 Manufacturing 15 £1 Co Manufacturing Sonotone Soss 100 13% July Mar ' • common Jan 10 V« 200 :/7 5 5% 73*4 Sep Jun 12*4 1314 . 5% • . July / Feb Jan 2% 7% ' 12% ' - Securities Jun 63 4 50 1,200 69 5 common... International . 4% 71 :I>7 Jun Aug 34 Jan 42% 5% 66 3/4 I v.yi'.y.-ni' 1 Jan and 7%, 260 Feb A 1 Jan Apr 69 25 Co class B Graphite July July 4'/a 3% Mar 100 3*8. 250 10 ; - 83 200 * • common Simmons-Boardman Publications— : 12*4 94 10 92 3*« 77* I Machinery common—25 Preferred United Stores Silex — 2% „ _100 Sharing preferred Shoe 3% regis 5 ,T ' 5% 10% United July % May A Jan Sep ' 92 106 Jan 2% / 25 common • 25c dep rets ord United Specialties common '' 25 32 Ltd— Profit Jan 6*2 5 Sherwin-Williams preferred Co N J RR & Canal Co Amer 10 Jan 3% • * Mining Molasses United 51% 3 participating 32' United 52% 1 Seton Leather common Denn % \ $3 United • 1% May Jan 200 69 1 *4 United Milk Products 9*4 Jun 17% May 100 69 69 Sentry Safety Control Serrick Corp class B m Jan % 5 ; $5.50 prior stock certificates Shawinig Feb Is 4*4 300 1 131/a Mar 1 common Allotment Shattuck 29% 6,100 2,400 % • « „ • Inc 3% July 46 July 1% July Jan 7% 40 { *4 • Co Selected Industries Convertible 1 200 6% 40 1 Seiberling Rubber common— Selby 2*4 ,2*4 Hargreaves Ltd —— M 8% • » 'm,*. — 2% 2A 2% 6 3/4 5 ' _£i 5,200 2 10 Jun Aug 5 Aug Jan 4 Apr Jan Volume 158 A/1 Number 4229 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK CURB IS O N D S York New Week Curb Exchange Nov. Ended Week's Range or Friday's Friday Last Interest Low : High ■ Range Sinct Sold January Low No. f s 3'As s f s 3%s debs„ f __1960 & • 1970 Writing Lt deb 6s J-3 107 Curb Ended Friday Exchange Nov. Week's Range Interest Last Period Sale Price 12 or Friday's 103% M-S,; Y & >1964 2004 5s M-N ^4 1054 Appalachian 1970 Appalachian Pow deb 6s Arkansas Pr Associated Lt & Elec J-D 2024 98 % j.j ■ v- 108% 115'A 115% ' .. 84 127% 2 124 127'% 12 106 46% 77% 21% 6 14% 26 1st deb AConv 4'As deb _ 80 ■ AConv deb 5'/aS A- Atlantic City Eiec 3'As Avery & Sons (B. F.)— without 21% 23'% 45 13% 26.. 21% 23% 107 13% 26 Park 22 21% 23% 101 12% 26 F-A 21% 23% 19 14 26 21% 84' % M-S 1964 4107 M-S J-D 1st M 5s O )-♦ 84 27 1957 115% J-D 1960 Steel Ns t V g. 1 : . 6s 1998 6%s .1962 G M-S 1970 J-D ¥150 > q-F Edison 2%s Northern El Power Gas & Central Power & 5s 1953 ctfs»._ 5s Service 5s. ; 8s—»—»«.. Gas 35 'A '/as 66 % ?■ 89 series 226 100 71'A 103 Va 103 7 J-D 96 94% 97 % A-O 97% 95 97% M-S 96 95 96 104 Va 101 89 , 98% 84% 404 & L 5l/aS 1952 5'As M-N 1949 El series Lt & Pr 100 300% J-D 100% 98% Sheridan South 85 100% 101 Va 86 1951 N mtge 3s ser 1st ref 117 117 2 P_„__ J-D ¥109 117 110% 1969 mtge 2%s ser Q Gas 117 1971 ~ ref Gen M-N 20% J-D ¥105 107% —1976 A-O 1953 M-N oonunental Gas & E) —1958 F-A Cuban stmpd 5s>, Tobacco 5s__. Cudahy 1944 110 98% M-S .98 88 102% 90 Eastern Gas & Fuel 4s ser A 1956 M-S 92% Light 5s„ 2030 F-A 102% 1956 M-S 124% 124 % 124% —1952 M-S 104% Water Finland Service Residential 6s-5s S'As.L.; Mtge stamped Florida M-N M-S 92% California Southern California Power General Pub General Rayon J-D J-J *ldpn AGobel Trunk oraau Li#lit os 1978 90 79 93 '4 87% 102% 1 123% .'24% 103 103 Great Nor Green Mountain M"-S Power 5s —1950 stpd Pow Guantananio West & « 104% 100%, 6s 8 98% 83 % F-A J-D J-J 1966 3-D 109% 109 Jan 1949 A-O 102 _Jan 1949 ' 106 491% 65 . A-O $101 102% 90 Va 2 w 91. 109'% 102 108% 103 2 47 94%' Rys 78 65 4 1 109% 106% a 44 94 & L 8s . 109 111% 2 103 & 91 93 7 102'A 106% 32 138% 156 stamped gold Texas Power & (Hugo) 6s Twin 104% 105% 1 103% 106 '/a 104 104% 72 102% 105% 107% 9 106% 109 V3 103 106% ¥103% 105 "72% 69% lien 1st 6s & 104% 76% & 107'A 79% 5 83% 86% 53 64'/a 87% 83% 84% 86 87 62 80% 23 65 83 86% 56 65% 84 87 »A 86% 27 65% 84% 87% 83 F-A Va 86% 42 F-A 84 65% 84 87% 86 24 64'/a 27'A 87 % 26% 27%- 10 23% 32 J-J 20 20 21 2 12'A 32 20% 20% 1 107% 107-% 5 A-0 1960 J-J 5s iy56 *, m-n 5s , 107% 107% 107% ¥116 117% 101% 102% J-J 1979 :: F-A >>1968 102 J-J J 5%s 1952 : 108% Power J-D 1949 4s J-D 96 108 4 5%s 108 103'A 107'A 109% 103 62 108 103% 103% A 1952 F-A 116 Utah Power & Light Co- 1st lien & gen 4%s-.__ 1944 F-A ¥98% 2022 m-n ■ 109% 116 96'A 110% 110% A-O A-O 106 0 5 29 116 85 110' 96% 4 112% 96% 104'A 106' 109 116 117%- 11 102 63 series A 105 Vj 25 108% 8 96 310% 105'/a 111 108% 95% 13% / 16 Co— 1959 Debenture 108% 96% 22 75% 106% ¥108% 108% 103% 104 % 52% 84 1946 Transit N cons series 24 84% Lt & Rys (Delaware) 5%s_1952 Light & Railways (Maine) — United United 72% A-O 5s 3%s Rapid Light 105'A 100'/a 103'% F-A 2022 Power Electric United 100% v 1957 6s A City 97 »A ..1950 Light Light Edison United 70 85% 18 131 70 4 J-D 1957 Service & Water 128 90 114 A 1966 1 stamped series Tide 97 108% Industries— Electee Powei 79 16 1951 Dec debentures 2nd 14 107 A-0 3d 7-4s 97 105% 105% F-A stampea_^>i.»»»>>»>1946 Certificates of deposit 102 % __ 110 1 Electric— 6s 7-4s 65 5 95% 106% 7 104% J-J 1951 4s Corp inc 5s Stinnes (Hugo) Corp— 111 98 % ■ • 89% 112% 104% 104% 104% 100% 57 10 101% 102 1:108 93 % 00 ' 101% 102 1958 B series 98% J-D 6s—— 1971 AStarrett 98% 105 112 111 ' (Calif)— 6s Toledo 83 J-J 91% 97 . 102% 102 98% 1960 ser A 47 : ' 101 'A 110'A ■ 5 104 107% 102'/2 64 1945 :— Houston Lt ft Pwr 3 V2s_ Hvgrade Food 6s . —1963 3%- Store Products— Grocery 6s Standard 57 {<29 - Gas Debenture 107 97% ¥— M-S 4s P Debenture 106 % 4 *; ;>>■ 108 97% 77 103% 104% A-0 (stamped) Conv 104% 6 1:102% 104 J-D J965 WesL Gas 104 % A-C 105 97 ' 97% J-D 4.>_. Coal (Adolf) 1970 May 1948 May 1948 63 99% 170 105 ill 70 88% m-s 3'As Gas ¥60 m-n 118, W. v; i'127% J-J 1965 1989 ... 102% 103 J-3 1948 A. 1957 Standard 104% 104',4 103 A-O 1969 —1953 ser 4'/as series A——1941 Hi Power Otuigia Olffi A 6s J-J 3s Edison Counties mtge 3s Southern Indiana Stinnes 1966 5s Co. A-0 1947 123% i 58 1954 33As Serv 1970 5s 1st Texas Gatineau Power 131% 51 104 >1961 Florida Pow & Lt 5s A-0 100 Bank— C_ ser 92% 1954 ___ Co 4s Power 5s El -5s District Federal RR A-0 >1967 95% M-S M-S 79 110'A 115% 14 ■ ■ 109'A 107'A 111 93% 110% 110% F-A 101 107% 5 • 1 111% 39 7 .( 1 146% 147 J" D 1951 1970 .104% 104% Emuire & Lt 1952 2022 5 102% 102% & Power Water 96% 1951 Wyoming Coal 6s Carolina Southern 6s Elmira A-O Southwestern 20 9 ; 102% 103% j-d 105'A 82% 108% ■ , • • 108% 108% — 1952 101% 102% 103'/a Electric 111 — 1979 A»»»^_ Southwestern Gas <to Elec 3'As 146 107 105 ■•• 99 ¥93% 146% 121 99 105'/a 30 % 102% 5 $111 % 111% m-n ~4 113% 101% • . 109 ¥122% 123% 310 J-D 1955 33As Packing Jersey— certificates 112% " 5s New J-D 15 ; 111 J-D 1949 Spalding (A Gj deb 5s 1954 — Textile 1964 9 6 108 99 4-0 103% (Bait City)— mtge 4'As. AConsolidated m-n 103 106% 106% ' - m-s 105% • 104 % 104% 104 % J-3 — 111% 109 100% . 115% 106% '! 107'A 106% 108 115 Colorado— Scullin Steel inc mtge 3s Shawinigan Water & Pwr 4%s 1st 4 %s series D 99 50 of series 83 % 126 100% 101'/a 101% 5%s 84% (Bait)— 1st Consolidated 1956 1959 Safe Harbor Water 4%s__ San Joaquin Lt & Pwr 6s B ASchulte Real Estate 6s 4 . J-J 10 110 107 Queens Borough Gas & Electric— Southern Connecticut Lt & Pr 7s A v E 4%s B 108 108 m-s >..1950 196I perpetual 43 ' P Service 6% 46 100% 100 Public 101% 45% ¥104 % 106 1958 3 'As 5s 108 106 107'A C'—,' 107% 115% Co— Sinking fund deb 4s___ 46 13 ¥102% 103 100 5s»_»». Service 3-D F-A 1962 F (Can) Public Service Co ol 1st mtge 3%s 99% 13 ; 316 69 % 5s—_¥>—»»—>J 969 Gas Coke Echson Corp 107% 100 Debenture C'unsol & 6s ¥107 -- v-'.-. 105% A 105% 106 J.j 1972 5%s stamped extended Power 107% 105 % 3 35% 31 A-O —1950 85% 105'A ' Debenture . 104% 12 99% 31 68% M-S 1966 101% ¥100% 101 A-O 1»1955 Jan 33 F-A »>>*1952 . . 106% 105% 105% 32% J-3 1927 109% 103% 26 102% 99% M-S —1953 Cincinnati St Ry 5'/aS A6s series B Cities A 5s Potomac 4 102% 2 ¥105% 106 J-3 ,>1954 § A Chicago Rys 102 105 % P-A .1948 O5'/28 deb 121 • 104'A 104% 102% J-D 1969 ACentral States Electric 5s— Conv 116% 117% 180 ¥104% 109% pi': M-N 1964 3%s Light 33As Central States P ft L Cities Power ' Boston 111 114% 1 ' 120% 120% A-0 1968 Elec Philadelphia Rapid Transit 315% 116 M-N • Central M-N Philadelphia 1 103% 103% 37 38 - „ 105% 86 54'% 105% v 1102% 103% m-n 101% " 1' %• 108% 109% ¥107 107% — F-4 5s 105% 105% 108% 108% 105% 105% . J-J 1977 Portland B Birmingham Electric 4'As Canada 109'% 99 % v' 108% A-O F-A —...........—>1979 Pennsylvania Water & Power 3%s_1964 3'As 92% 106% 109% ' Bethlenem F-A 1948 1970 C Bickford's Inc — — Power & Light 5s__»____1955 Lexington 1st mtge 3s 1964 1st of Canada— series series 72% 31 86% 84% :;.y 5s A-O 4.0 Aug 1955 Penn Central Lt & Pwr 4%s 1947 warrants Bell Telephone 1968 Pacific 22 A-0 J-3 1955 - ' 4s>»»»».. 1962 1977 5'As Assoc T & T deb 5s Public Service Oklahoma Nat Gas 3%s B Oklahoma Power & Water 5s F-A;,': 1949 ».—1950 Debenture 5s — 1971 1968 4%s~. AConv deb 5s A 21'A 3%s„» mtge 3s— mtge Ohio {Associated Gas Si Elec Co— AConv Power 1st 109 245 M-S 70 Ohio m-N High 112 103% ■■■•■:• or" y.1 Ogden Gas 1st 5s»»»»^>._>..„^1945 109 106% 33 106% 106% 75% 77% 127 A-0 J-3 1948 — 88% 1 96 108% 108% 108% 3-J 1956 1953 5s 4 'As 96 J-3 Low 111 ¥103% 104% ¥115% W J-J No. " 1961 Paper 6s Elec Pow 3'As Range Since January * Sold High ¥110% 112 — J-J Continental Utility 5%s__»1948 North 106"% 96 3%s>«. Westchester Ltg 4s Debenture 111 107% 112 103% 104 N 108% 105 14 107% N Y State Elec & Gas 104% Bonds Bid & Asked High 103% tl10'4 111 J-J >..2016 - •4103% 104% J-J 1950 . deos Pow Amer York Week Low debs....... Amer New 1 American Gas & Electric Co.— 2%s BONDS - Bonds Sale Price Bid & Asked Period 12 EXCHANGE 99% 95 l$5'/8 106 Va 12 100'A 96 107 Waldorf-Astoria Hotel— Idaho 1st Power ref & & 1st 3%s Power Illinois <fe 5s rei 1967 A-0 195P ref 5%s series B 1st & Inuiana Bydro-Elet Service ft lien ref 1957 >_is)58 os 1950 5s A6'/2s A7s 1 M-N coup) •>•-' 1 A5s 111% 94% 102% West 103 17 80 6s 96% 96 112 115 105% __ _>)952 Power Supenoi J-J - 'A:: 33 ;■ ■■ 18% w- - . 11 17 - 23% ¥26 ■■ ' 27 % 23% 4 Penn 6s & Pow Lt Radiator series Penn 1960 J-D .» 5s Tractioh 5s Newspaper Union— unstamped extended to 1959 AStamped 5s» J-D 33% 27 % 1 19 23% 7 17% 35 24% 125 74% 60 58 60'/a 25 36 67 J-3 3Vas~ ¥32 M-S 121 16% 107'A & 121 2 121 123 1 111 113 — : ¥98% 90% 98'A " 5 106% 108 109% 110% A 1C8% 107% 106% • 108'/a 6 Edison 4s 1971 E f __ 98 Va 14 l. 101 110% 110% 101 86% 100% >i.A 106'/a 106% M-n J-J 98 ¥101% 101% M-n 1965 1949 — Petrol 6'As : M-8 : ■ ' 106'A 1 % 99 102'A 106% 3 108 'A 100'A 102 % > 20-year 118% 85% 81 100 Va 63% 99 84 75 98'% 99 .73% 99 GO % m-8 60'A 60% 1978 J-D 1043 1955 J-D 106% 49 22 1957 J-J 1951 M-n 1949 F-A 105% 106'A 1978 4 105 22 104% 104% l.v:-18 106% 106% 105 27% 1981 Amsterdam Gas J-D 2022 1 U-S . Bank ' 62% 1947 J-J 54% ¥53 46 54% J-D 16'A 16'A 14'A m-n 23% 55 57Va 2 44% F-A 56 56 2 A 42 J-J ¥20 35 M-S U5% 18% m-n ¥31 34 1953 7s u>„__1958 stamped May 1927 tissue of Oct 105% 109 7 103'A 108 113 AParana 98 102% ARio 27% 5 ¥113 •' 12% 28'/a 118% -- ■ 107 M-n .->A> •! a Mortgage Bank of Chile 6s_j> Mortgage Bank of Denmark 5s A de Russian (State) 7s 69% 69 70'A 56 47% 77% J-D 69% 69 70% 10 50% 7 6'/a 1950 M-n 69 68% 70'A 88 50 78 1961 m-n ( a ' ¥108 107% 6%s Government Orleans AIncome 6s Public series A-O 95 93% 95'A 69 76% J-D 96% 96% 97%. 87 82% 98 'A 1949 J-D Service— A. Nov 104% *6,. £2 'A '? 35 ...16'A.i:24% A-0 32 ¥36 J-D ¥17'A 37% 1972 J-D 55 J-3 1919 J-D 1921 J-J 30 20% 45 58 22% 27 Va 35% 17 30 % 27% 4% 4 58 5 132 2% 9% 4% 5 75 2% 9 Va / v 2 38 18 58 ¥28 M-s 1859 6%s 32 22 1 102 Va 108 a Deferred deliverv saie d Ex-interest e Odd-lot sale, n Under-the-rule sale, sale, x Ex-dividend, y $8 liquidating dividend paid. ^Friday's bid and asked prices; no sales being transacted during current week. ABonds being traded flat. gReported in receivership. Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬ "conv," convertible; "M," mortgage; "n-v." non-voting stock; "v t c," voting trust certificates! "wi," when issued; "w w," with warrants; "x w," without warrants. tive; ¥104 20 Cash 96'A 1954 - ♦No par value, r . 109 1948 Debenture 5 20% . ¥36 1931 :„>1958 Janeiro 5%s 1141/8 M-S 1948 . 11% : ' J-j 1947 - l 60 20 117% 1948 5s A 110% 114 112 • 117 22 10 64% ' 107% 1 14 J-D A,-AT"-- 1947 1927 21 K 1951 Mortgage Bank of Bogota 7s of NO. High .•• 109 105% ¥116 High Range Since January 1 54% ...1955 7s Sold of) 5s AMaranho Bonds Low Danzig Port & Waterways— 4Externa] 6%s stamped 1952 ALlma City (Peru) 6%s stanaped.1958 106% ¥108 Va 109% —. Friday's ¥53 ' A or Bid & Asked 1948 5%s Mortgage ACauca Valley 7s 103 100% 101 F-A Week's Range Last Sale Price a-0 April 1946 Jan (see 105'A 108% 108 Va __ 101 Period i (Col)— 7s Bogota AMedellin A-O Interest 12 112 5 A 102% Friday Exchange Nov. Agricultural Mortgage Bank A 20-year 7s Extended FA 1947 1st New 110 Low Mfg— 4V2s G deb 110 % 30% 102% 118 ,199 % 100% 108 113 ¥107% 108'/a -T 108 Curb Ended 110 106% 1 •::-A 106% 106% . York Week 121 'A-' A-o 3-D New Alssue Conv 110% 109 81 3-D BONDS "44% 113 J-J 19oo j ¥.106% 108 J-J 1957 36 108% 109% J-D M-3 1970 1963 New 109'» 108% 94 J-J 1969 5s Valley RR— series 108% Foreign Governments & Municipalities 35'/a 23% 1967 6s 4% 1 ¥116 -- F-A 1937 117 109 F-A »_»».1947 - 25% 109 • ■ 88% 1948 conv Middle States Midland A-O 22% 109 ¥108% 109% 35 16% 32 90% 2022 stamped Metropolitan 4s 2030 23% -35% 196b 6s Light 3'/is Lust Pow Co J-D Electric Danish McCord J-D 38 16% J-J 1952 , Electric 6s <to ¥26 ¥ ""J- 1957 coupon) 5s— Kentucky Utilities 4s__ Mengel m-s 1964 6s stamped extended to 1959 lAYorx Rys Co 5s stpd 109 -1952 1941 6s Kansas Gas & ;'v- — 1957 coupon 1 Superpower Louisiana 1954 1951 Elec Western 80% 116 109 West 81 4s Power 3 %s Water 107 % 10) 1 47 94% 1112 108% d3bs_>. income Ry Wash 92 % 2 95 ¥108 F-a Jersey Cent Pow & Lt 3'/2s 1965 Kansas Electric Power 3'/2s—1966 LaKt 93% — J-D 1955 1957 Power Debenture Kansas 93% 104% 17 102% 102'/a 94% A-0 1959 1941 1941 (July Altallan 102% 102% M-N J-J 1970 F series A7s 105% 105% 102% M-3 —1952 E (Aug Interstate 105% 14 105% F-a C— (Dec series A7s 105% 105% 106 Posver Sec— series A6Vas A7s 106 J-D 1963 5s Alndianapolis Gas 5s A_ Indianapolis P & L 3'As International 1105 Wash U. •'' sent* Indiana 1st A-0 ——1953 Light Corp— series A__ os THE COMMERCIAL & FINANCIAL CHRONICLE 1966 Monday, November 15, 1943 OTHER STOCK EXCHANGES Week's Friday Baltimore Stock Exchange 32 both inclusive, compiled from Nov, 6 to Nov. Last Low Par Arundel Corporation Balfc Transit Co com Preferred t v Lac/.——a-*.----.:- Consol Gas Elec Lt &' Pr common- Sugars Assoc '.com v t c__ Eastern & Fidelity — £■ 62% 'I .T Fidelity & S 0 40 Mar 27 62% Bonds— 100 142 9% 5 ',o — it. —- 154% 152 155% 1,177 5 4% 5 0,250 Co, common—* 1% 1% 1,500 Athey Truss Wheel Co ca lital— Automatic Washer Feb 40 Nov 28 % 188 37 170 34 34 July Jan 42% Jan 10% July Jan Nov 28% Nov 25 27 Mar 200 5 •-7 .3 :1 % 1% 3 Jan 84 Apr 22 Jan 28 % Borg Warner Corp Oct Brach & Sons Jan 40 Oct Brown Jan 34 May Fence 52% 839,500 49 Mar 56 Jun Burd 60% 28,550 55 Mar 64% Jun Butler Oct 100 100 100 1.000 100 Nov (E J) 100 A (E L) common Oct 5% .... Co preferred (A M) [, Exchange Illinois Illinois Par Tel American Anaconda Copper Bird & Pub Serv Edison 819 13 97 34 Jan 24 230 33% 6,452 200 High 158% July 31% Apr Nov 9 Jan 81% 13% Nov Jan 24 Jan 102 July 34% July 64 % 66% 735 62% Jan 69% Aug 19 19 100 14 Jan 19% 19% 22 % Jan 32% Apr Oct 22 100 5% class A 1st preferred—; -100 Stamped 100 8% class B 1st pfd 'stamped———100 7 (/o "class C 1st preferred—-——100 lOft class D 1st pfd stamped 100 prior preferred 8% 1.497 3% 3% 100 2 Jan 8 4 3% 4% 437 1% Jan 8% May 4 4 5 667 1% Jan 8% Jun 3% —— 3% 2 Jan 6 Jun 4% 4% 100 2% Jan 15% 15% 80 11% Jan 16% July 6% 385 6% Jan 15% Calumet & Hecla -————5 6% Service Copper Co—l Range 6*% ] —10 ———— 11 12 148 3% 8% Jan * 6 6 20 4% Jan ,— Apr 17% , Jun 7% May 4V2V0 6% —— 5 A——100 preferred B—T..— ——100 preferred adjustment 100 6c!o 115 1st preferred series 6% 5% SS Lines Inc Eastern Employers Group • Public Service Engineers 58 33% -• ; Jan 42 Jan 129 • 5 5% 115% 116 85 2% May 59 19% Jan 340 2% 145 37% Jan 98 % Nov Jun S6 Oct 70 61 70 266 25 Jan 70 Nov 16 21% 540 6 Jan 24% Sep 7% Nov 33% 33% 7% 7% 67 34% 34% 35% 726 7% 34 -* 8% 285 34 % 333 77 Hathaway Bakeries $7 conv pfd——— Isle 35% 11% July 27% Jan 2% Jan 31% 2,101 7% 87 6% .* Gillette Safety Razor Co— 77 30% 34% Apr 9% Jan Sep 39% Jun Jan 37 100 Co (Del) Corp 30% July 9% May Jan 75c 82 Mat- 361 28% Oct 1% July Jan 3% 210 3 3.5% Feb 4 400 2% Jan _——5 common 5% preferred Mergenthaler Linotype 3% Apr .6 Jun 6% 48 Common Narragansett Racing Assn Inc.———1 Nash-Kelvinator 6 % 5 10% luu New York New Hav & Hartf RR——100 107% North Butte Mining 2.50 , 22% 130 se% Jan 33 May 45% 48 142 35% Jan 50 July Pacific Mills • Pennsylvania RR 50 6% 7 390 170 6% 40c 27% Jan 8% Jan -j'ff Oct 14% Jun Jan 24c 2,700 24 25% 6% 86 48 iS 43c 24 27% 3% 740 10% 106% 108% \b 43c Quincy Mining Co— 25 ca pi t al Cities Service Co Stone & • 1% Webster Inc Suburban Elec * „ Securities 32 110% Jan Oct 2% Mar Jan 85c Apr 19 Jan 28% May 23% 20 828 Jan 32% Apr 12 1% 100 Jan 1% Mar 12% 275 9% Jan 66c 8% 9 339 57/a Jan 14% Sep 10% May 3 8% —* common Union Co Twist United Drug United 6 </o U S Drill Commonwealth : • 33 3 5 1% Feb Consolidated V t Co Biscuit 15% Julv Jan 19% 750 12% Jan 4 July 19% Nov 20% 22% Sep 4% Jun (it) 11% Feb 50 3% Jan 83., 1,700 5% Jan 27% 28 % 250 20% Jan 20% 100 15% Feb 21 Oct 88% 300 69 U Jan 93 Nov I ni ,50c <> ... 4 11 1 Vs ; 10% July 29% Nov ■■ ■ 1.450 Mar Jan 6 10% July Jan 1 % May ■ % • " 112 112 200 A 10 54% 7% HO 17% 12% 12% 5% 99% 330 i7% 15.450 ;4 % 48 % 113 Oct 61 July 10 Oct Nov 19 Mar: Jan 14 Aug Apr 17% 100 9% 2 Jan 6% Oct 38% Jan 49% Oct 700 112 56 Jan y;: Jan 3% 200 49 312 26 y : f d _ 10% - « common—. 25 common common 115 56 60 42 Mar 56 Oct 12 106 11% Jan 15% Apr 77% 360 67 % Jan 85 12% 3,000 3% Jan 18 400 1% Feb 7,250 21t4 Jan 550 2% Jan yy:v3- 23% 1 . Jan 30% 56 104 74% . 40 ll7;. - _ Jan 700 9% • 1., 'V . /2 9% • t'2 ' ■ 0 Xl7% Continental Steel common.— : 3 25 3» 24% 5 4% 5 r% : 5 Oct July May 3% 27 Oct July 5% May 23% 10% Jan 50 2% Feb 5% Aug 25 5 19%' 19% 0 280 16% 16% .. 16% Jan 23% July 27% July 23 7.-I 50 25 18% 19% 614 pfd—100 94% 95 80 ...30 21% 23 — Crane Co common Cudahy Packing Co 7% cum Common 2% 19% 19% 19% 20% Jan Sep 14% Jan 22% July 83 Jan 100 lOt'2 Jan 100% Aug 24% Oct 150 20 Dayton Rubber Manufacturing com..„1 14% 14% 14 7 Decker 17 Feb 23% July 11% Jan 19 50 a Jun (Alf) & Cohn Inc— Common & —lO — Co 6 6 200 2% Jan 6% * 34% 36 373 14 14 100 10 Jan 16 Dodge Manufacturing Corp common—" U1! 11% 300 10 Jan 5so 300 24% 24% 24% 100 7% 77% 8 lii 1.150 27% 28% 550 16 17 100; Nov 13% u common.— Dixie-Vortex Domestic Co common.... Industries Inc class A * — Util Corp Elgin National Watch Co Inc JL common- 5 15 — Fox Drive (Peter) Auto.—, * 5 V; 95 35% 10 10% 1% Jan 42% July July Apr 6% May Jan 4 \\ 250 6% Jan 28% July 8% July Jan 3% 23 31 Sep Feb ia Nov 32% Nov 6% 41% Mar Jan 14% July Mar 15 450 4ta Jan 21 350 39 3H 39 1 common .; x32% 10 .... Brewing common— Manufacturing 28 1 — Fairbanks Morse common—.. Four-Wheel 51 26% ® (The) Corp Electric Household Eversharp — ■' : Eddy Paper Gardner Denver Co General American 3% 42% Sep Jail 6% Jun General Motors Corp Safety Razor Goldblatt Bros Lac Gossard Co (H W) Dr 16% Mat- Jan Si % 39 7 a 40% 58 34% Jan 497 44% Jan * .—10 common Dk Jan 37% 800 ••3% . Jarv 2 7 to 1,650 7tu 225 4% 7. 100 4% a '34% • common 51% 7 7 • — 35% 205 25 • com 13% 200 10 19% 20% 750 17 15% 20% 15% 100 12% Jun 4% May July 56 % July 9',a May 7% Sep 41% July 44 Jan Jan Jan 13% common.— & 14 210 3' a a .1 common- common 200 41% 39 7 5 common 16% 16 * common— Transp General Finance Corp common General Foods common Hall Printing Co common —.10 Harnischfeger Corp common—10 Hein Brewing Co capital— Werner Motor Hibb Spencer Horders Inc Houdaille-Hershey Hupp Motors Illinois Parts 1 Jan % % 13 % Oct Jan 21% Oct 8 - class Brick Co —- Steel Steel Prod Jan 10 % 6 Jan 7% Jan B% 200 8% 33% 34 32% 12% 12% 1 1% 40 W* 120 10 1% 1,900 Jan 19 iff 17 Jan 3 3% 350 % 10 103a 240 7% 19Vi 200 18% Oct 16% 16% 310 16% 1 11% 16% May 23% May Jan 4% 4% July : Jan 19 common———.1 5% 6 300 capital——* Co July yyy 2% May Jan 19 3% May 37% Aug 13% May 31% Feb * 10 c— 9 Jan 25 100 July Apr 9% Aug * Jan Indianapolis Power & Light com—* Inland 7% 300 100 capital— Illinois Central RR common t 150 9% * — B_. (new) v 18 9% 9% * ... common Jan 9 9% Bartlett common—i!~_25 common International 32% 33% 455 29% 27% 150 27% Nov Jan . Joy (W 73% 74 50 63 Jan • 05% 66'a 360 57 Jan l 12 12% 75 9% Jan 16 10% 100 8 % Jan 12% 5 1,150 3% Jan 6% 1,000 5% Jan Harvester B) Co common capital Manufacturing common——1 July 37 Feb 10% 1 Co 36 4% 4% _* 6% Katz Drug Co common 121a 13% 93 15 Sep Kellog Switchboard 69% 72% 578 60 % Apr 76% Sep 23 68% 67 68% 743 63% Jan 74 Sep Kentucky Utilities jr 6% preferred 44 44 44 61 42% Sep 47 ? July July 78% July 74% Jun 5 Julv Jun May July Machinery Corp —25 —— 10 37% 10% 10% 50 50 87% 93% 7% Jan* 332 38% 25% Jan 46 7% 377 Jan 11% May 99% July July Inc Jun 45 47 20 41 Jan 48% Sep —_._100 102 102 40 96 Feb 102% Oct — Massachusetts Street Ry— common * 104 104 y; ■ §1,000 ' 103% Aug 105 May * _.i. * common Lynch Corp Friday Last Sale Price Par Laboratories common- Acme Steel Co common. Adams Oil & Gas Co commonAdvanced Aluminum Bearing Chalmers Castings- common Mfg Co footnotes see page 1971. 57% -25 * 53 38 4% —1 53 37% 38 4% 12% 34% 33% 4% 13 35% Dredging Co —■ * 25%. ;25% 19% 19'4 2% Jan 20 5% Jun Oct 12% Jan 21% July 15% Jan 21% Jun 100 19 Jan 27% Jun 30 13 Jan 27% May Nov 13 Jan 16% July 9 3 i, 150 9 14% 1,515 10 5% 5% 1.100 3% Feb 5% Oct 8% 8% 8% 3,400 4% Jan 9% Oct Range Since January 1 Corp capital United Co— High 7% * • West 5 9 14 — Midland Utilities 6% 7% common common Convertible preferred Low prior lien. preferred A— Mar 20,500 'iff A—— prior lien 450 1 4% —.—loo 5,550 7 5 450 2 16% 51% 200 41% 450 6 2% Jan ————.100 200 Jan Jan Jan 100 11 Jan 355 25% Jan 62% Mar 57% July 39% Mar 6% Apr 13% Aug 42% July Miller & %. % 18 Feb Jan May % May 8% Jan 18 5 r% 100 . 65 1.750 " July Sep 100 - .5 2 200 18 19 Jan 50 5% 18 9% -8% Jan 30 15%. lot 4 18% common Field Common High 57% ■ Nov 0 Jan % Middle for Week Shares Mar 5 200 13% Midland Sales Range loio * —5 Week's of Prices 2% 3,350 1 5 Vz Marshall Nov. 6 to Nov. 12 both inclusive, compiled from official sales lists STOCKS— 250 6% 1% Julv Mickelberry's Food Products common.l Chicago Stock Exchange M a 1 5% —— * common. McCord Rad & Mfg class A— McWilliams 4% 4% 61 -_• , Feb 4% * Refinery Co capital % 6% 7 Oil 200 1% Libby McNeill & Llbby common Liquid Carbonic 4 1% Lincoln Printing Co common $3% preferred ; ; Lion 1948 6) .5 common Lindsay Light & Chem 80% Jan bonds— 4%s series A———— 8% cum preferred—50 common La Salle Extension Univ Leath & Co For Sep 1% 86 Container Corp of America common—20 72% Westinghouse Electric & Mfg Allis Jan 11% Co- • Waldorf System Aetna Ball 13 20% pref pt shares—. 50 shares v t c A 50 c —5 preferred Abbott ' 150 -'a 28 % Common part Co Rubber Eastern 150 3% July 2733 —_5 _ 38% July 19% Oct 650 73 1 preferred.__ Edison Inc Fruit United Shoe (The) Jan 3% '4 pfd com common Utcn Jarvis Torrington 19% July 26% 13% Light pref. —... Club Aluminum Indiana Assn. Jan 727 . 18% 52 conv Indep Pneumatic Tool Shawmut 34% 13% 20 Chicago Yellow Cab capital—— Chrysler Corp common Heileman New England Tel & Tei Jan. 250 Apr 21 —100 ; 4 Apr 8% Aug 5% Apr 7 3% ip'a preferred Chicago Towel Co Great Lakes 100 Maine Central RR common 9 % 39% Mar 4% Aug 18 >4 ' Goodyear Tire & Rubber Lamson 17% i 13 Common— Convertible Gillette 30 • Sep 40 4% Jan 50 Royalc Copper.—-———-15 Kennecott Copper 100 ryyy ? Belt Fuller General Electric ————: 4%: .4% 9% Westi Util preferred^. lien 9% July 124 Jan 21 1 , National Stores. Wm 84 59 common—-——* Association 1% 31% Street Ry common—100 Eastern Mass First 58 v 100 —100 prior preferred preferred 1% * — Nov 18 13 Cherry Burveil Corp common.— —5 Chicago Corp common —I Deere Eastern Gas & Fuel AssociatesCommon Sep 17 Jan 33% 16% ..10 Cunningham Drug Stores Cities 5% 590 900 Oct 23 9% Apr :-w-••••■' Personal Prop Trust———• 16 Jun 250 8% 32% 1. Consumers Maine RR— Boston & Boston y 95% 65% 100 • Boston Elevated Ry._i 25% 127% 2,755 13 —25 Boston Herald Traveler Corp 155% 33% 100 & Albany RR;— 152 Low 97 Inc.——————:4 Son Boston Range Since January i 7:;., 347a 77i, . . preferred Preferred Chain Shares High 24 50 —. Boston 7% Low 154 100 & Tel— Prior for Week of Prices 14% Securities Corp— Central States Power & Sales Range Last Sale Price Jan '• 30 — cpmmon Central & South compiled from official sales lists 6% May Jan 13% July tr¬ & Convertible STOClvS- 16 350 ...1 .. Common Week's Jan 7% 4% rr '• 10 convertible Central Friday Nov 9% 250 : i..1 o- Ring conhnon. Brothers Nov . y pfd.—'* : Li 5-:' 5 J}— Central Boston Stock 3% 100 ' . 33 3a .V_«t capital Wire it lass & Piston Castle Nov. 6 to Nov. 12 both inclusive, 2% Jun 16 7% 5 ,_5 Bunte Pfos. common.i^ 52 100 Jan • Co 58 % 500 % . 20% '8% Oct 7 lr5% I-' 39% Jan ' 5 . common— Common Bruce 100 y 1% Mar . .2% 'JOva ..1 .1 capital Jan Mar 14% 15 5 Binks Manufacturing Co Bliss & Laughlin Jan % 32 7,100 3% 3% V ■ . — Incjcommon... 158% July 6% Sep 14 ..1 __1 29% . S3 . Brewing Coi;l)_ 31 , 100 3:,t , . Berghoff 111% July 500 L-e)— \VHjT Belmont Radio Corp— Bendix Aviation Corpicommon— Jan Jan 150 ....... High. a 3 100 4% To* .5 Seelig Mfg ifr common A Bastian-Blessing Co common Belden Manufacturing'fCo common...10 TO Nov 77 . 25 36 •27% 36% %%- 145 Mar 39 901 128% - ' 9% 22% 1,055 83% 82 '/a ;;-y: 67% Aug 9'/a Feb Jan 39 Low 90 .4 iimori co. i4% 1 % ' * common— Aviation Corp (DeJaw (I 35'/a •S; 335 200 125 193 3 7 ■: 5'.'?. Co Interstate 109 100 Range Since January 1 High common- Investment Jan . 125 70 31 , 28% 28 28% —1973 1975 ——-1944 .—1945 —— Co Manufacturing Associates Jun 6% 30 42% 9T'B 20 : 7 5s series A Loio 106 Qo capital 2.95 .-V:V;7 Baltimore Transit Co 4s__ & Tel 12% 57 % Jan 47 7% 42% 42% -SO Bank———— . Armour Asbestos <fe Aug 8 40 142 142 100 Guar-}.- National 19 Jan 1.00 Mar 2,675 7% 25 Distillery——-i—. Mt Vemon-Woodbury?Mills pfd_. New Amsterdam Casualty—— (Tom) Western 16 590 192 1.65 62 ' ;.25 Moore I: High Tel Shares 109 Barlow & -.5 - V 10 36 -- -10 A com of Amer Co 1 .... Co————; -20 Deposit Fidelity & Guar Fire Corp Finance ■ 8% i c Brager Eisenberg Low 18 1.40 c— Range Since January 1 High 18V4 18% w j— v t Shares of Prices Sale Price STOCKS American for Week of Prices Par American Public Service Preferred!-100 for Week Range Sales ]Range Sale Price official sales lists Sales Week's Friday Last STOCK S- Nov 11% ; Sep 11% Sep Jan % May Hart- Common stock v t c $1 prior preferred. Monroe Chemical Co Preferred * 10 common.. - a 2% li 2 10% Jan 1 2% 3,200 11% 650 8% Jan 50 % Jail 3 3 41 41 40 36 Feb 3% July 12 July 3% May 43 July THE COMMERCIAL & FINANCIAL CHRONICLE pTHER STOCK EXCHANGES STOCKS— 7,7 y : Par Montgomery Ward Co & Co 28'% common Noblitt.-Sparks Norm cap Milts Airlines 50 29Va Mar 2,5 120 Oct 4% Jan 13 Jan 38 July 300 234o Jan 37% July STOCKS— , ,' ■ Oct 26 l/a Inc 32'it cap... 32! 15% 17 a 8% 1,500 19Va Jan Sep Apex Jan 19 V4 July City 16% 125 14% Apr Lr% i l£ 16% 15'! Coach Electric 18% common.— Northwest Bancorp con»non__ 15% 250 lh% Jan 23 Va July 16% Oct Cleveland <fe Body...... Utilities— West Ice & Cleveland „_..5 % 9 Fuel 7preferred — _. 180 20- Eaton ' Omnibus Pea-body Coal Co 6 '<> — Electric Switch class 5 Feb capital ER Poor & Potter Co (Tnei Pressed Steel 10 : 65% Jan Jan 34 Jun Kelly Jan 127a Jun Lamson & 50 4 V4 1 800. i-% Jan Car common.— Corp CThet WuaKer Uats Co Jan j'/a 2% May >13% Jun Nov Hanna (M Interlake A) Medusa Portland National 92 Mar National Refining 100 100 .147'/a Feb 155 Mar preferred——5 1,750 1% Jan 3'/a 3 Va Apr i., 24Va Jan 100 Jan 14 485 Jan 90 Va Sep 150 Mar 4'a Jan 20 Jan 2,150 Jun capital—774——_! Scars-Roebuck & Co capital. Serrick Corp • South 30 10 Lathe Works capital Bend Southwest Gas <to Elcc 3% 1__1 class B common..: Signode Steel Strap Co preferred Sinclair Oil Corp.— %' _5 Common 15% Stewart Warner Corp common, (to Swift International 50 Texas Co The < Transcontinental A: U S U Lines Air Co Gypsum Steel S 7 "o capital 265 Apr 184 Jan 53 V4 14 Vi 85/' Jan Nov 86% 439 16% Jan 59% Jon 74% 1.683 47 Va .Jan 112 Va Jan 950 2 Jan 28 410 : 30 Feb 34% July 9% Jan 20 7 14 8Va 8% Jan Mar 914 Sep Cleveland Graphite Bronze common/.! a37% a37% Fire.stone Tire & Rubber common.__.10 General Electric common a36-8 a36;bt 10 a34Va a35% / 140 a327u tt353:» 38 Industrial Rayon common.— Interlake Iron common New York Ohio Oil Central RR — * a6'« common—L—_c a67» 45 al5% al6% * common 27 a a 16 341 15% al6"» 170 Republic Steel U 8 * common...... Steel al6% 385 * » a507. a5238 40 Youngstown Steel Door common—* all Va a 11',u 50 Jun Oct Watling, Lerchen & Co. Members New Oct York Stock Exchange New Stock Exchange Detroit York Curb Associate Chicago Stock Exchange 98% July 13 500 . Oct 8% 2,400 Ford Building 4% Mar DETROIT Oct 250 6% Apr Wrigloy (Wm Jr't Co capital...—.7.* 25 70% Sep Yates-American,Machine capital———5 400 7% May Zenith 545 37Va July Woodall Industries common. Radio Unlisted Corp —2 . • common Stocks—, Telephone: Randolph 5530 Detroit Slock Exchange : . " American Radiator Anaconda . Jun Nov Unlisted— July 49% 320 350 common......* Nov a34% a34% 4% May 146 - 7 125% July "3% common.—.-.* Sep 2% May Jan 23% 32% 13% Weinberger Drug Stores...... Youngstown Sheet & Tube— 59'A July 268 common..7 Inc 7% Apr 40% a40% a * ; 18% Mar 32% July 10 50 Bankshares Works Jan 29% 32% Standard Oil of Ohio—25 Iron Jan Julv 7 1% <• Dorn Jan 3% Feb 15 . 25% July 235 —/—4.* Oil-OMatic 14% 7r;ii 1 • Van 35% Jan Jan Sep 77 50 7 « 16% 7% ....* — Jan 9 Va 4 al438 nl438 7% .... Richman July July Jun 24 * Westinghouse Elec & Mfg common Wieboldt Stores 35 Va 550 Western Union Tel common——„.100 Wisconsin Nov 13 Utah Radio Products common—„1 Williams 27 V4 July 100 Walgreen Co common' Jun 18% Mar Jan 2 9 5 it 5 preferred 14 '/a Nov Jan 20 common.—— cumulative 4 Va Jan —* common. 38%.July 109 West Air Liues—5 Transp Oct July 1,450 2 — Union Carbide & Carbon capital United Jan 25 common;../—— > Jan 3 1,150 1614 15 capital Corp Trane 17% Jan 500 1 Jan 318 —25 capital Jun 1,700 -5 capital—.—— Co Sep Jan 33 1 30% : Bros. 60 Nov 8 Va 50% Feb Jan 40 Sunclstrand Machine Tool common-—-5 Bwirt 101% 100 Standard Oil ol Indiana capital 29 Sterling Brewers Inc common,:.———! 5V4 I new Nestle LeMur class A Nov 950 1 34% 11% 5VH Apr 108V4 6 Light & Power pi'd.v Spiegel Inc. common———,— 42 Nat Stockyards capital—/*,;..*> Standard Dredge preferred!,/ 4.47:./4.20 13 V» July 27 Va 101% Southwestern 34 Va May Jan 10 St Louis May July 300 —100 571: pfd 1; 33 Va Oct 100 Schwitzer Cummins' Jan A34% 11V4 *. Nineteen Hundred class A Snngamo Electric Co common....;.—.*' Apr 1o3'8 July al06 11'4 ^ National Tile ——.... Raytheon Manufact 6%. Tr 71 Jan 1(1% a 34 & Acme Jan 52 _ a.'34 alOG Cement.:...— Jun 7Q 100 52 preferred..:.. Sessions/—— Jan lO'/o 32 561 a36% a38 Tn Steamship Island Lime . Jun 59 50 14 al7:'« » — cum 98 a37Tn ti37% ,—25 common Rubber....——I* $5 300 —7 common common—. : 6% 140 1 . Oct Jan 100 65% 13% .../ 9% 88 50 al4% al4% a! 11%'112% « F. Goodyear The & 22 * ... Process Preferred 33 May 61% July ; B B Rubber High v Jan 106 ,—...5 Manufacturing:.... Goodrich a41 614 100 * Electric Controller 1V* May Jan common..——— class Co common General Tire & 4(5 14 467 Peoples Gas Lt & Coke capital 100 Perfect Circle (The) CO—.....l—/*•' Jun 17'/2 Mar Jan < 044 27: 50 i tr 23 Va 50 * com - Jun 86 Va Jan 250 —10 A— Penn Gas & Electric class A Pennsylvania 8Vb May Feb 40 5 100 B common preferred Perm Jon 1,100 common—-——;—r---.6 Corp Corp Oct 23 Jan 75 19',* 19 TV 180 98 a40 a Range Since January 1 low 9% 98 ——_...,3 Cliffs Iron preferred.... Elec Ilium $4.50 pfd... Shares High 9% Manufacturing pfd—.100 Brewing Corp of America. Cliffs 100 for Week of Prices Low .— North Sales Range Sale Price Par American 17. 18% 30 Week's Last ' 14% July Jan 35 common Inc Friday 1% Mar I1/, Mar 9% Nov. G to Nov. l't both inclusive, compiled from official sales lists Sep 300 American Car common Northwest 20 . 1% 12!» 50 Jan common- Industries Northern Paper 28', a 1% 12% .,,,. High Low stock—™. National Pressure Cooker National Standard i 3b% 620 43% Cleveland Stock Exchange jRange Since January I lliQh 42 43 common., common—,; Cylinder'Gas Shares of Prices Low Muskegon Mot Spec class A Nab da; Liquidating National for Week Range Sale Price ■}. : Last 77: -//v. Sales Week's Friday ' Si St San 8% 1 Atchison Topeka <to Santa Fe com 100 Steel Curtiss-Wright General Corp Electric Co (Glenn L> Nash-Kelvinator Paramount common OH Co Pure 680 45 % Jan 65 July 57 V 4 425 55 Nov 69 Apr Nov 9% May 39% July 55 G%... 34% • - 16 35% 650 6 6:% 125 16 w "/•'> 6% 660 " 7 16 Y 30% Jan 6 75 Nov 9% Jan 16 < ' ;24 10 11% 1,797 7/6% Jan 15 16% 1,745 10 % Jan 20 30 21% 23% 1,500 15% Jan 35% 3514 70 26% Jan 13% 14% 1,080 9V'2 Jan 8% 9% 4.400 5 Jan 14% 9 " common ■/'./.'"/• —• '* 15% 16% 700 14 Jun / May} Friday Last STOCKS— ——• July July 19% May 12 V4 May 20V4 July 7 Jan 56 28% common '11% 1 Rubber Co common ; 10 37 • 471 24% Sep 58 V4" 26 Vb capital—25 369 46% Jan 60% Sep 1214 560 5% Jan 13% Jun 387b 320 25 Va Par Atlas Drop Forge, common 29 Va Jan 46V2 Sep Last ' " ' ' ■. Aluminum Industries ——'* /.. 305 ./•—5 10 —. Chrysler Corp common..—.— Consolidated Paper common.—* Cleveland Detroit & Detroit. Edison Nav C N & T O P—— Cincinnati. Street Cincinnati 20 Dow Stock Union * Eagle-Picher 7 10 _ Formica Insulation / 4 • — Gibson Art Kahn 1st 30 _4—*' U U. S Playing S. B i_10 Feb 101 Aug Jun 9 Jun Jan —.L— : * Jan Jan Jan a 74% July 9% Jun Mid-West American Rolling Mill— ' : —25 Columbia Gas General Parke, Peninsular Metal 30 May Jan Jun ,2V4 Feb Brands 123« Nov 43 Jan July 101% Nov Feb 32% Oct Jan 6% Oct 10 V2 Invest Reo ;T, ., For footnote* see page .....70 ' —; !971, • 49%o 26% 13 <H 200 - 1,100 v 155 Jan /v 5 Apr 22% July ■ Jan 414 Apr 3% Jap 6 Apr 1% Mar 2% Oct 3% Jan 6% Jun Jan 4% May 2 . 44% 1% 83c Jan 56 July Jan 3% May Jan 2% May Car common— 58 228 Jan 4% 42 Oct July Jan 10 Oct Jan 54 Nov Mar 4 2 Jan Mar 16 V* 170 350 44V4 Jan 55% July 25 29% Sep 16% Jan 11% July 83 c 2CO 51c 6% July Jan 338 *— 19% Jan Jan 1 Jan 540 1% — 13c Jan 450 520 — Jun 1% 62c , Apr 23% Aug 4% July 1% NOV 28c Apr Jail 2% Jun Jan 1% May 6% July 4% Apr 1,325 1% Nov 2% Mar 340 5% Jan. 11% July 210 1%» 500 Jan 5 28 Jail 32 76c Jan 2% May 3% 1 — .3% 30% 285 1V4 1,600 1% 1% 200 r.,1% Jan 294 — ... 30% 1V4 * —* —.— 2'% 900 850 — 4% Jan 10% Jun Nov —^.1 2 common May 1% July 2V4 Mar * common.—U—.-—-10 common..—..J.— 300 3% Jail 3% Jun 10% Jan 14% Apr 360 12 Jan 1% 350 — 2% 200 ... 2% Jan 4% Jun Stearns Pattern Tube 1 1 3% 2V4 400 1 common "B" (Fred'k) common...... 1% 1V4 Jan 2% July Timken-Detroit Axle common Union S. Investment Radiator Preferred Cooler 5% Jan 2 % 13 % Jun 16% Nov 130 24% Nov 33 % Nov 2% Nov 500 1% Jan 200 3% Jan 5% 100 1% Jan 3% —50 95 16% Feb 1 common .... common — class 1% 280 1 Tivoli Brewery common U. 2,700 * 10 common.. A—... — * * * ' 4% 25 300 6% 3% 200 — 68c Jun Nov Walker & Co class A Warner Aircraft common—_— * 1 Wayne Screw Products common^—4 28 1 28 1 4 300 7% 2% May 17 Jan 1% 400 1 Aug 175 3% Oct • Oct Jun July Jan 4 28 •• 29 May Jan July 142 Jan Jan Jun 4% Jun Jan 10% 4% 9% 400 . 1 * Products common.—1 common: W» Sheller Mfg Standard Jan . 200 170 7% River Raisin Paper common, Simplicity 3% 3% 542 10 common Scotten-Dillon Nov 6 51% 26%' 27% "49% 300 Jan 3 2 . —..50c ... Motors common.——... Rickel July Sep Feb Jan Prud Motor Davis Class B 12% 4% July Jan 30 • 3% Motors—;— 6tandard . common Packard 4 • Abr Jan Universal > 7 % May Jan 17% 200 2,100 --I Micromatic Hone common.—* 13% May 3 " Apr Jan 1 2,982 314 — 2 Michigan Die Casting common. Michigan Sugar common.——— 35 :8 —50 ; 2,912 21 1,163 - —.1 common 32'A Mar ;0% — Oil Jan :6 54% Card.*——10 Unlisted— 4% 4 3% - . common.——..1 Prod Screw Jan 2% —„_—.« 250 3% common...—10 S) Murray Corp common Jan 1 IS 23 Vb July 4Va Nov :838 __ / — —1 Waco •: Nov 1% 100 — Frihting.t.-: Preferred McClonaban 8V2 May preferred:—*. preferred.—... class Nov. . 63i :4 Tb 6 — Randall Masco 100% 7' 31% Procter & Garr.ble..——_• 15 3% 4% Sep ;5 * .......*j.'—— — Manischewitz ;.l— 83% July Jan ... — 1 LaSalle Wines common.— Jun Jan * Vv" :0 40 —2.50 Magnavox 8', 10 Nov :0 ■ preferred^-.—'——4—...-i.100 Pumps Sep 6% Jan - 100 :—..— Kroger National Kresgc 1V4 .1 class A-j.; Hobart Lock & Ml'g common—— 11 7% >>■ 30'/a ——. Preferred Hurd 28V4 July :8 V __ ♦' Hatfield High Jan 2% _/ .1 Hall Lamp common.....*..,——.—5 Houdaille-Hershey "B" * Hudson Motor Car common— —* Jan 7'4 4 Early & Daniel— .4*4— 41——774-4u—* Jan 12 common.....——10 0 : * Drug 68 100 ' Range Since January 1 9% — , . 498 2,090 200 common——. 1 common—.——_—.1 7% 71 •; Yards...——*%<■/ —— Jun 5»4 20% 3%. common.————~1 4; 7%" 15% 3% . — 3 Industries common— Finance IV2 .100 —.50 ————— Corp Crosley .—20 Telephone.——————50 "Cincinnati Wood 6 101V*. Jun Jun 7.9% 30% 15% common——*—* 5% Advertising Prod Apr % May Jan 21 4% 4% common—10 common- 0>4 . .. Del-Michigan Stove common.—1 Graham-Paige Low 91/3 Cincinnati Gas & Electric preferred* 100 / 75% 15% 4% * General Motors High 8 — Cincinnati 75 75% —1 Continental Motors common Sales .20 7 395 Goebel Brewing for Week Shares 8% Jan _/ 4/ ——— Baldwin Low Par Laundry Machine— American - Range of Prices High Jan 4% Manufacturing common-.*—/.1* Burroughs Adding Machine.—.,. _* General compiled from official sales lists Week's Friday Sale Price Lore 5% /•■;/1,377 . Nov Cincinnati Stock Exchange : Range Since January 1 High . Briggs Gar > Shaics 100 1 Frankenmuth Brewing common... STOCKS— Sales for Week of Prices Low 5 Baldwin Rubber common./ Federal Motor Truck Nov. 6 to Nov. 11 both inclusive, Week's Range Sale Price Crowley, Milner common—— common inclusive, compiled from official sales lists 40 Brands— Studebaker Corp Nov. G to Nov. 12 both Apr May 15V4 16% • (The; common Standard Oil of New Jersey U. S. 54% —♦ * Republic Steel Corp common Standard New 50 3 a .5 — o? America Radio Corp Apr 35% —* common capital 31% » i Corp—/ Pictures Inc Pullman Jun Nov • — York Central RR capital New 11% 24% ''' —* _ Interlake Iron Corp common Martin Jan 1,100 1 —, Co 6% 25% 56 common ——— 510 24% 52% 50 Bethlehem 9V4 24%" • com Copper Mining. 28 Jun Nov 1% Mar 5 Mar THE COMMERCIAL & FINANCIAL CHRONICLE 1968 Monday, November 15, 1943 OTHER STOCK EXCHANGES Los Friday Angeles Slock Exchange Week's Friday Last stocks— Par 5% % Consolidated Barnhart-Morrow Diamond Blue 35c 1.20 13 % Preferred a * 12 4 Emsco Derrick & Equipment Co——-5 Exeter Oil Co Ltd class A————1 .Farmers & Merchants Nat'l Bank—100 Farnsworth Tire & Rubber —General Motors Corp common 10 a425 Goodyear Tire & Rubbor Development Co Co Jade Oil Co Co—-r.——— Mfg Menasco , CoCo Petroleum Merchants Republic Petroleum Co Oil 741 100 35 11% Oct 26% 14 Jan 4% Mar 41 July 85c May Jan 10% July 14c Jan 46c July lc 1,000 2,000 Jan 9c Mar Jan 6% 1,080 11% 34c 762 27c Jan 654 13% Nov 24 3'a 13% 454 70c 70c 800 Jun 40c 14 Va 1.00 1.05 6,545 18c 8 13% Sep Nov 97V2C Jan 1.80 May 26c Aug 35c July 9c Jan 36c May 35c Jan 60c May 9 Mar 500 400 ..: Feb Mar 70c Jap 57V2C Mar 700 . Nov 55 % July Jan 57%c Jan 325 10% 440 . 4% 200 Jan ..." 29% 29% 706 23% Jan 30% Sep 33 33 100 29 Mar 33 Nov 40 576 34 Va Jan 44% July 5% 5 5% ~9 1,975 2.10 Jan 47 Va 20 43% Jan 50 9 % 47% 305 7% Jan a 12% 3 12 % 32 32 Jan 42 22% .17% Jan 27 876 7% Jan 13 2,859 21 Va Jan 30% 665 30 Jan 30% 336 28% Feb 32 Sep 35 % 175 32% Mar 37 20 - 23% 3,540 16 Jan 30 V* May 36 % 36% 37% 2,925 28 Va Jan 39% May 5% 633 1% Jan * 5 "7% 7% 8 Va 19% 19% 20% 18% a Prior preferred Electric Storage Motors 18% 19 3,595 6% 66 15% Sep 10 Jan 19% Mar 2,560 6Va May 24% July V Jan 22% Julv Alaska Co——10 Mining Gold Juneau 5% 5% Mining Co—10c Co—1 .. Viscose Anaconda Copper Mining Co Transit Topeka & Santa Fe Ry—100 Co 25 13 Atchison, Invest United —5 5 Bethlehem Steel Corp— Borden al3% Aircraft Vultee Consol Continental Motors Corp— Continental Oil (Del)— Co Curtiss-Wright Corp Class —--1 Electric Bond Electric Power Share & General Foods Graham-Paige * —— Co 599 3% Feb 43% July 156% July 48 Jan 6 July 3% Nov 64% July 674 Apr 12% Feb 19% May 115 13 Jan 19 July 38% July 90 552 35% July 55% Nov 30 15Va Sep 15% 117 28 V2 Aug 29 % 25 29% Feb 34% Columbia 44% 45 42 Va Jan 4% 160 4% 22% Jan 3/„ 13% Oct 5 & 20 % 16% 300 4 Mar 4 200 2 Jan 6 25% 570 31% Jan 39 Ruud 40% 25 35% Jan 42 — 60 36% Apr 28% —- • 30 30 247 Jan 35 7 6 Va Standard 54 21 43% 80 36 Va Feb Brands Standard 1,975 10 % Jan 20 V* Apr 9% 300 Nov 14 Apr 15% 20 10% Jan 18% July Brown 16% 16% 70 12 21 July Burkart 5 May 3% 27 Va 21% % 22% 8% V 16 81% - 81% 12% < 16 Co——— Texas Corp Texas Tide Gulf —— May Jan 2% Jan a 914 5 Jan 630 14% Jan 323 ■ 59% Jan 23% 35% 19% Oct July 87 Nov 15 July Apr NOV' 25% 28 8% 12 26% 78 1 \ , 29% Nov 29% 345 28% Feb 36% July 408 47% Jan 60 25 7% Feb 225 12% 13% 35 a77% 79 Va 110 92% 94% 5% Jan Sep 9% July 13 May 5 United a23% 5 27% For footnotes see page 5 1971. 26% Aug 50% Aug 183 United Air 1 common— Manufacturing Nov 8V4 July 1,000 3% 14% " 15 % 78 8% 217 7% 1% 14% 285 94% 574 3 Jan 4% Jan 36 250 Oct Oct 6% Apr 58 Sep 10% Nov Jan 274 Mar July 98% Feb 5% July 2 Jan 96 20% 15% 84% 225 7. 8 95c Feb " 20 60c Jan Jan 25c 300 76% ■ 60c Nov 1 30 . 3% 18% July 9% Jun Nov 5% Jun 9% 2,000 ■: Jan 8% 100 1% 5% 1374 Jan . 624 60c 3 574 • Jan 55c 293 15% 3% July Nov 9% May Mar 574 100 1% July 24% May Jan Co. & 1922 St. Louis 2, Missouri Phone CEntral 7600 Postal Long Distance Bell Teletype SL 693 Exchange Shares Range Since January 1 Low High 46 5% for Week Range of Prices Low • Sales Week's 46 f 5% 40 50 6% 5% 25 25 27% 1 974 Jan 81 Va Oct Bottling Brew Preferred 15% July 84 % Apr Laclede Landis 130 18 % Jan 175 27% Jan 29 Sep 39% May 52 Jan 7% Nov Jan 31 Jan 43 16 15% Jan 24% Nov 200 3% Jan 6Va 85 17% Jan 26% 25 7% Jan 13 10 ,_1 common——. * r 20 — Portland Oct Jun Sep July 7% July 109 6 148 3% Jan 252 28% Jan 38% July Jan 7% Apr 36% 20c 5 135 16 15% .7 common__25 30 200 35 70c 7% Apr Oct Jan 18 Mar Jan 12 July 20 Mar 9 120 Bearing Metals common ,_* National Candy common—. —* Rice-Stix Dry Goods common —* National Jan 14% Jan 12%• Jan 122100 Piping & Supply common—* Missouri 5% 320 July 40c —25 Midwest Cement v com—* common common • —1 common- 11 • Jan 16 % Aug 16% Jun 14% Jan 430 674 Jan 10 Sep A——1 39 8% Jan 11% Jun St Louis Screw & Bolt common——15 St Louis Pub Service Preferred Scullin Steel common 120 40 Sep common- - : common— - — common—. 222 12 Nov 12 Nov —100 —— Scruggs-V-B Inc 1st preferred Sterling Aluminum 382 High 46 25 ————————100 Steel Apr 1 common common— Machine Jan * Century Electric Co 80 100 Nov 100 Nov —5 60 100 105 8% Jan 16% Nov 97 Va Feb 105 * 15 7% Jan 15 July —1 65 6% Jan 12 July 10 6% Feb 10% July 310 24% Jan 34 17 . NOV 2% May Stix, Baer & Fuller Wagner Electric common common— a37% 51% 6% 92% : 50 * Laclede-Christy Clay Products % July 29% Jan • Shoe preferred 20 Jan Feb „ 1474 July 50 1% Par American Investors 5% Common ; International Shoe Jan 42% United States Steel Corp Warner Bros Pictures Inc— Jan 6 % 50c Sale Price 12% May 10 V* 24 V* 10 Jan 8% 14% Last STOCKS— Hussmann-Ligonier preferred ser '36-50 Hydraulic Pressed Brick common—100 16 * Jan 2 7% 55c '•»«- North 4th St., Aug 90 United Corp (Del) 6% 19% Nov 12% Jun 79 U S Rubber Co— Jun 120 3% — 21% 33% Aug 65 47 Lines Transport Aircraft Corp. 1 ; Jun 5% 499 8V4 ';'.•s 1 common., Falstaff 35% 92% 3% 8% ——1 common- Springs Glass 31% 408 4% 4% Coca-Cola 34% a 7% Jan 137'a 10% Apr 46 Va al2% 17% July 7% Jun 50% Jun 16% 11% 10 Jan 4V» 31% a35% Co— 10 10% 2774 a46% Oil 220 50'A Jan 25 Water Associated 11% 4% 15% Jan 532 a8% Union Carbide & Carbon Corp • Union Pacific Railroad Company—100 11 % Jun 3% 5 24 Sulphur Co————* (The) Jan 50'A 63 %■ July 240 1 —25 6 Screw & Bolt Corp——* Steel & Foundry pfd 100 21% May 12% 56% & Apr 75 85% 56% Swift Jan 180 18% 13% ; —* Jun 19% —* —.. 9 874 12% 33% — 5Va Jan 19% 33% ~ 174 774 94% Steel High 25 6% * 100 345 ; 14% ; 9V4 a26% Corp LOW 65 3% 25 & Gas Range Since January 1 High 7 V2 10 Plate Glass Sales Shares 7% —10 161 , 35%, 36% 0 Webster Inc 1,190 v 23% 25% Company (Indiana)—25 Standard Oil Co (N J)__—— -25 Studebaker j 3% a22 Oil Stone & Oct for Week ■ al4% Inc—— Jun 2% 16 25% 4 Va » * . 48 Va Jul^ 16% 3% a Jun Feb 24% Friday 18 al6% Socony-Vacuurp Oil Co ———15 Railway Co———,——* 12% St. Louis Stock al5% ' 150 Nov. 6 to Nov. 12 both inclusive, compiled from official sales lists 180 9 "9 1574 7% * — ——— Brewing common.: Apr 54 % Southern Standard 30 22% Aviation, Inc. ——1 Republic Steel Corp——.—* Sears, Roebuck & Co ——* Jan 1% 3% 10 300 15% Radio. Corp of America———* 17% 6,983 Established a42% a3 6 563 2% Edward D. Jones 22% * ...——.—L.— 32 Va 2% May 35% Sep St. Louis Listed and Unlisted Securities 54% a22 % Pullman Incorporated —————* 2% Aug Jan Range 10 Westinghouse Air Brake 500 a 27% Pure Oil Co 1% July Jan 32 Week's 25% .—1 Fuel Supply Fireproofing Corp United States 6% * 1 Feb 12 173 of Prices * — common — Aug Inc % 331 Low —5 Mar Co———-—* 1,300 1 % 11% Refractories.. 16% Mar Car 1% 1% 39% July 2% May Feb Nov Pictures Feb 63% Mar 2% — — Radiator Shamrock Oil Oct 37 Va 36 Motor 43% Jan 30% ■< * Manufacturing July 39% Oct Packard Oct 48% % Sale Price Gas Pittsburgh Pittsburgh Pittsburgh Pittsburgh May Jan Paramount Oct 3774 . Nov 1% 74 7:;72% Electric Walker Mountain 9% May a37% Pennsylvania Railroad Co. ————50 Phelps Dodge Corporation———25 11% New York Stock Exchange St. Louis Stook Exchange Chicago Stock Exch. Chicago Board of Trade Associate Member Chicago Mercantile Exchange New York Curb Exchange Associate 7 &391 Co——_———-* 30% Mar Jan ' 1% ——V,..' •' Nov 6% American Jan 93 17% 30Va North 22% 7v2% 78 Nov 1 Ohio Oil Co——_i————i-—_i—_* 34% 60 17% 70 5 American 22% May Jan 38% : July 630 North Jan 26% .7 Members 27 RR 7 37% Apr 70 Central 26% Jun 14% 20 250 15% 327s 15 7% May 37 12% York 34% July 65 9% Jan 27 Va New Oct 26% Aug 7,322 Feb 7 Montgomery Ward & Co Inc————* 21% Apr 914 ~~25 Sep Apr Apr 30% May 13% Jan 27% Nov 200 Inc—————18 14% 32% ?. '* ' 6% 1% — ' 5% 32 Va , 171 21% 20% 14% 4% 24% Robbins 2,037 7.7 225 : 8% > Oct 12% & 25 32% 277a Apr a27 Va Inc..- 24 Va 32% — Steel 1 Va May • Loew's 23% 24% , __ — Jun 26% » McKesson 16% 29% lVa Libby, McNeill & Libby— 5,417 i 197a 10 a2434 — Jan 20]a 7% Jun Jan 200 1 Copper Corp 3% 23% 750 7 Ry Co———_—-—* Corp- 7,153 2,575 <■ Brewing—; Star Sep .,'3% 34% 47a 9% May 8% Mar Apr Jan 85 31% 6% Jan July *45 Jan 50 700 ni} 4% 2 69 International Nickel Co of Canada Kennecott .. common Candy.. Gas Pitt Nov v International Tel & Tel . Inc Duquesne Brewing Sep 33% 31% 16% Jan Jan 150 4% 16% 3% % Nov 290 a31% a Corp common (D L) National 16 25 10% ————* Motors Corp,— Northern Great alO% * Corp (B F) 53% 44% % Corp———* Co Electric General Goodrich 131 Va 350 28% 5 Co— & Light 39% Aug 513 13% —1 A 50 4% a3% 1 —1 5 Corp _ Co. Byers (AM) Clark Sep 56% a25 4% Improvement— Blaw-Knox Jun 6% 31% * Jan .—* _ 45% Sep 43 Sep 56% July Jan 2% 27% • —— 11% 16 0 & Southern Corp Commonwealth 3% 50 4% 20% Allegheny Ludlum Steel— * Arkansas Natural Gas Co common——* Jan 710 41 27% 25 Co—— Commonwealth Edison 73 5 2514 Par Lone 34% a 8% 3% 5 Last Harbison Jan 13 5 * Borg-Warner Corp —— Caterpillar Tractor Co Columbia Gas & Electric Corp 7% 3% ■ Friday Oct Nov a33% Co 8 1 _ Corp STOCKS— Sep 24% 15% 1 Boeing Airplane Co Jan May Apr Pittsburgh Stock Exchange 7c 32 Va 33% a 44 Oct Sep Nov. 6 to Nov. 12 both inclusive, compiled from official sales lists 7 135 55%4 Corp— 1.417 ; 2,297 3 distribution Westmoreland 1.25 Jan 825 3% a33% ~5 Co Aviation Bendix 51% _ Gas Feb 41% 14% 49% — Ex,-stock Jan 155% 50% a a27% Oil Barnsdall 3% 25% "3% Jan -50 Corp common.— preferred 2c 24% Locomotive Works v t c Oil Preferred 85c 38% 4(4 Atlantic Refining Baldwin 275 41% --—r~t! Jan 33% 16 158 % Jan 16% « 50 - United 5,000 • 9 152 24% 50 (111) Co 154% a 14 Corp American & 9 a38 % 1% ' 123 58% National • American Smelting & Refining Co • American Tel & Tel Co -100 * 25 39% Oil 500 "6c 1.15 Stocks— Unlisted Armour 5% 6c 1.15 Amer Rad & Std Sanl Corp— 519 41% 38% ' ' Scott Paper common Fort Cons Chollar Gold & Silver Mng 5% 41% i 5 25 _ preferred Dome Follansbee Mining Stocks— Black Mammoth Cons pfd __ preferred $3 85% July 7% May 4% 49% • common—— __ Sun 10% Jan ; 474 preference 2nd 10 Jan 385 38% * common.., Philadelphia Elec Power 8% Phiico Corporation Reading Co common Salt Jan 6% 125 27 % Pennsylvania RR Philadelphia Electric Co 1st 3 67 Va 325 Pennroad Corp $1 19% May 7% •»_ Light Jan 5 Va * & 11% 75% • Power 325 16 11% Mar 41% —10 Lehigh Coal & Navigation Lehigh Valley RR Jan 4% : • National 127% 6% « Battery High 218 754 74% ' 75 • General Low 15% 155% 14% 7% common Sep 35% £ Co 32% Aug 29% 25 Pub : 5 _IIa ; 14% ' • • — Chrysler Corp 25 V* July 30 Air Inc—5 Budd Wheel Co 13 , Range Since January 1 High 152 154 % 7 July 23 % 6 21'/a —-— Baldwin Locomotive Works v t c Budd (E G) Mfg Co common.— Curtis 14% -100 Jun 11% 25 California Tel Jun 22% ! 25 25 of California & 46% July 10% 22% Tel 5% Mar Jan a22% —15 American Low • Shares Sep Nov 3 4 40 40 ; of Prices Par American Stores Sales for Week Range Sale Price Sep 35% 2,900 42% Jun 6V2 8% Mar 20 12% 3 a42 % Jun 1174 July 9 3 J Transcontinental & Western of 7% Feb May May Aug Jan 9 100 6 Corp--————-—J Transamerica Corp Oil 19 Va 44% 181 70c 25c Oil Union 405 V8 3,081 al8c Pacific Co Sunray 1 47c Inc preferred C Calif Gas Co 6 fio pfd A Co 425 12% 1.05 * 2 preferred class B— Oil 50c 13% Corporation— ——Edison Co Ltd 20 Standard 12 10 70c • southern Jan Jan 39% 5 Va % So ,5% 20c 32c Southern Calif 6% 300 400 13% 1 50 Security Co ———: Shell Union Oil Corp Oil 10% 25c Ryan Aeronautical Co. Sinclair Jan 47c common— Safeway Stores Inc . 7% Jan 25 — Markets, Public Roberts 540 8 Sep 66% July 12 % Oct 25 common — Corp Nov 1 ■ Richfield 22% Jan 54 Va -1 Electric common preferred Aug 3% 140 32c 10 --1 1st preferred——— Lighting Corp common 5 % 'U 19 % 3,040 4c — & Gas Oct 51 Pacific Clay Products 5Vz% 10% 6 Oceanic Oil Co Pacific Jan 35c Occidental Petroleum Corp— Pacific 6% 4c -1 -10 1 1 Angeles Investment Co— Oil 1,495 35c ---1 10c Petroleum Co Mascot Sep 10c Lockheed Aircraft Corp— Los 81 10c — Lane-Wells Co Lincoln 10% May Jan 7pC 7% — Corp— Petroleum Intercoast Nov 68% 35 1 Co- Cat- Motor Hudson 5% 200 Week's Last STOCKS— 7 Jun 9% — Friday Jun July Sep 12% Holly 14 28% 50% 9% 2.05 Jan 12% 425 Gladding, McBean & Co— Jan 7% 53 % 32c 40% Philadelphia Slock Exchange Jan 9% 32c Jun Nov. 6 to Nov. 12 both inclusive, compiled from official sales lists 75c 1,976 8% Mar 36 Oct 7% - 325 2.00 Mar 53 % 49 37% Jan Jan Mar 6% 50 Va Oct Jan Jan j2% Sep Sep 23% Vat 37 48% 82 402 v 50c 19 22 21% 7% 1 •Douglas Aircraft Co — Electrical Products Corp.,, 10 A' 15 21 8 5 82 • 47 155 77% 4% 35% Aug 48 Jan 470 8% 21% —- — America of 8 >4 —-1 Range Since January 1 360 Feb 6 a 74% 92 41% Jan 1.35 726 24% a88 Va 10c 25 5% -* Jan 7 100 •"'V 41% 50 (F W) 4% May 5Va Oct 50 49 ° Consolidated Steel Corp— ■ a49 100 -l Corp Creameries ... 1.40 13% a24% Co Aircraft Chrysler 1.85 100 l. Shares 30% 500 common—— ' California Packing Corp 3% Woolworth Company of Prices High Feb 200 10 —.1 Central Investment Corp—— 1.80 750 35c 1.85 Broadway Dept Store Inc common Cessna 4%; 11% 2 Corp 1,353 45 —1 Chica Oil Corp——— Bolsa 4% 11% —50 ' preferred Range Since January 1 Low 2% 45 Corp common— Barker Bros Shares High 214 1 Company Petroleum Bandini Low 50o Inc Aircraft Accessories, for Week of Prices Co_ Westinghouse Elec & Mfg CoWillys-Overland Motors Inc Sales for Week Range Sale Price Western Union Telegraph Sales Range Sale Price Week's Last STOCKS— Nov. G to Nov. 12 both inclusive, compiled from official sales lists 39% 225 33 Mar 45 Sep 51% 51% 391 48 Jan 59 July St Louis Car 6s 11 11 105 Jan 15% July St Louis Pub Service 1st 7% 10 15 32 Oct BONDS— extended--—-—1945 mtge 5s—1959 91% 91% $1,100 85 Mar 91% Nov 98% 98% $2,000 90% Feb 99% Sep tffti. »5, • 7«Ct,-yv?-yi'i; *%» w»,w»;^.*»r«! r.^ewl-S®! 7-vyJtt^^rTtW.''TFi^vT*l^,s^^'«lT^^"iiiW'^?'*^ <M#MMiitfMaiitiiyiiaBiii|teiasMitoA^^ [Volume 158 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 196S> Montreal Stock Exchange Canadian '.; ::',:v>>'';:. •'•>• '••-'V.; • :; • ,('■.,■•■■"■-';■ > Algoma Steel Aluminium " ■•; >■' ",U ■. common,. Ltd 10 common common Bell Telephone Co of Canada, Class 22 — British Columbia Power Class A 100 Celanese Preferred Canadian % Oct Nov 34 Feb 1,680 7% Jan 12 July 1,230 25 Va Oct ,:27% 35 27% Oct 31 : Jan 185 29% 27 70 37 % Feb 32 75 - 145 29 29 42 28% 36% ,100 , 6% Jan 8% 145" ___._100 July 14 % May 38 May Jan 26% 28% • common ——I Canadian Converters 1.45 Sep 12 Jan 27% 32% 8 8% 31% Sep 106% Aug 26 % July Jan 130 25% .—25 7% 9 Jun 8% Apr 1,461 32% 25% —25 —J,_ 57/a 5% 41% Preferred 310 41V4 5 5% common, Preferred Canadian 9% 156 Preferred New Feb 32 5% May Jan Jan 31% July 9 20 2,160 29 17 92 10 28% Jan 50 9% Sep Sep Jan 192 32 Canadian Bronze common,,:—, Canadian Car & Foundry common 4% 1,00C >' 158% Jan 20% 104 Feb Mar 5% 13 Feb 15% Jan 2 175 8 20 % ___50 23% ■ 975 16% Jan 14% 335 10 ___ Breweries 40 3 9 Steamship common preferred 141 May 25% July 21% Nov 12% Mar 15,080 8 103 103 ___ V, 281 25 7% 7% ' 23% 16 16 Canada Canadian Jan 1,207 157 8 common Preferred 15 160 495 25 — Canada Porgings class A— Canada Northern Power 103% Jan 13 3 Canada Cement Feb 21% 21% 20% — Building Products class A 5 7a ' V* . — 100% 24% 155 B Bruck Silk Mills 133 12% 157 10 Brazilian Traction Lt & Pwr Nov 20% 13 July 100 23 r—u Bathurst Power & Paper class A 11 Feb 111 101% 101% 23 ___, Breweries High 258 100 100 100 — 8% 5 10 133 ' July Sep Feb 17% > 39 % Oct 150 Sep Jan 33 May common—___——100 106 100 106 1C 126 15 120»/a 25 Feb 126 Sep 0 25 Feb 33% Apr 0 5 5% 1,760 3% Jan 6V« Nov 5 5% 200 3% Jan 6 Nov Jan 26 Jun Feb 12% May Locomotive Cockshutt Plow ; : ~9% 25 l 8% 25 25 20 20 Canadian Pacific Railway ■ 9% 12 5 7% 13,014 12 * 475 9% Jan 13% 38% 726 37% Nov 46 July 28 38% 0 12% 37% _ Consolidated Mining & Smelting Consumers Glass 6% Power & Paper Distillers Seagrams Dominion Bridge common 28 400 27 % Mar 29 July Jun ; 33 685 26 Jan 41% 25 745 22% Nov 31 % July 15 24 • .—25 36% 22% 36% • Dominion Coal preferred Dominion Steel & Coal B 15% 230 11% Jan 16% Oct Jun 25 •7% 8% 2,875 7% Nov 11 ,* Dominion Stores Ltd—___ 9% 9% 50 5% Jan 10% July Dominion Tar & Chemical common,,,* - 8 7% 100 .__ Preferred 155 » July .. Foundation Co of Canada,.:,— 4% 105 Nov Nov 81 Mar 151 July 156 Nov 5% 200 15 . Apr 72 910 7% 15 9% July Mar 96 37 155 . 4% 4% 6 45 235 73 ' 7 Prod—,:.,——* 1,085 105 72 ' 72 .100 Heating 8% 105 * common....,.; Dryden Paper & Wares 3 100 Ltd 10 7% 0 common uypsum, Lime & Aiabastme,,,— ll»/4 8% July Feb Jan 14% : 7 Jun 16% July Feb 2,827 8 Jan 30 94 109 Va 109% ,,.100 ___ (Charles) 11 • common Preferred Gurd British Smith Paper 11% ,5 * 7% & Canada Dominion 27 4,725 5% Jan 32% July 45 45 -45 2 12% Feb 62 11 11 540 9% Jan 8 8 250 5% Feb 21 Jan Northern Canada Wire & Pr Canadian Marconi 17% 131 17% Mar 195 17% Mar 97 99 25 91 Jun 101 110 30 107 Jun 110, July 17 50 19 Jun 10% 'S, •1 10% 40 ' Ltd 50c 55 1.60 com 1.85 50 1.85 * preferred Canadian 7% Neon General Adv Alcohols Ltd __* Ltd Div Sec > Sep 55 l,06f 85c Jan 50 54 50c Jan 1.15 Jun 250 10% Jun * i. Tobacco 2 Jan 5% 75 3% Jan 40 22C 25% Jan 77 Apr Oilcloth & 14% Sep Jan 110 Nov 11 11% 80 8% Jan 12 July Jan 14 13 13 10 2% 20C 155 Linoleum. * Dairies 3% 15c Feb 45c 49 8 Feb 12 5 7,118 3 Jan 6% July ', 70c 400 60c Nov 30 1.30 July 30 Aug 29 —* 5% 24% 3% 10 1.55 4% v.•• 525 3Va 4% 32 11 11% 150 5% 5% 2,900 ■ Ltd Jan 8 Aug TZe of common„_5 Can 30 320 1,140 2% 4% Jun 3% 1,400 3% Jan 6% Jun * 23% 23% 23% 290 19% Jan 24% Companies, Ltd * Voting trust ; * Goodyear Tire & Rubber of Can Ltd__* 17 16 17% 231 12% Jan 20 17% 16 18 7,740 12% Jan 20% July Ford Motor of Canada Ltd 11% Internationa] Paints Class 5% Utilities 13% Jan 15% Aug 40 Apr 42% pfd_—20 A———1* 17 Apr 18 Jun 18% Jan 18% Nov 75c 10 Jan 18% 15% Jan 20 4% Jan 7 7 100 19% 18% Moore Oil 6% Corporation Ltd Aviation Ltd 14% Jan 22 July 25 98 Jan 104 % Nov 25 45%. Mar 47'A 4% 4% 10 3% Jan 7 4% 4% 10 4 Feb 4% 7% Feb Grain Co Ltd common...—' Preferred Walker-Gooderham $1. cumulative Western & 50 25 Mar 92 5 85 Feb 97 Feb 105 176 102 Jan 106 Oct 57 58 90 47% Jan 64 Oct * 2Q7/b 21 180 19% Jan 0 4 4 5 3 % Feb 21% Aug 7% Jun 13 13 50 Worts common.* preferred-, Products 1 Jun Aldermac Copper Corp Ltd Jun Bidgood Kirk Gold Mines Ltd Gold 11% 910 14 225 105 50 8.90 Jan 12 Jan 98 % 12% Aug Jan 16 % 107 July Oct 31 800 27 Feb 32% 14% 2.625 12 Jan 17% July 11% 1,575 10 % Mar 150 7 67/8 175 .-V- 17 108% 109 13 12% Oct Jan 7% May Oct Oct Jan 25 98 Jan 23 % 330 19 22% 12% 13% 100 12% 13 Va 13% 20 9% 25 7 3,191 17% Jan Mines 1 — 15c 15C 0 Ltd Lang & Sons Ltd '. (John A) Laura Secord Candy Lindsay (C W) common. '• '* ' ■ ,—.3 0 ; — 4 McColl-Frontenac 8% * Oil ———* (Robert) —100 Light Heat & Power Cons— Tramways _ Breweries Canadian Malartic Gold 110 July Mines 62c 62c 200 40c Mar Cartier-Malartic Gold Mines Gold Mines Ltd 3C 3%c 6,500 lc Feb 4c common Preferred 33 Cadillac • — 3c 3c 10,000 2c Apr 6c Eldorado Gold Mines Ltd. Lake Gold Rand Mines Shore Car, ,— Ltd Oct Pandora Cadallic Gold Jan Perron Products common... Apr 8c July ■, Feb 16% Oct t' Jan 6.10 Sep 1.00 1.04 1.02 85c 95c 1.20 5.800 6%c 6V4C 95c 95c~ 1 • 16 Aug Sigma Mines (Quebec) Ltd., 9.25 14 Nov Siscoe 8 Sep Sullivan 5% Jan 10 6V4 Jan 1,415 16% Jan 6,344 18 Oct 27% Jun 160 20 Nov 33 % Apr 36 26 775 15 9% July 22 Jan 36 % Jan 1,340 2,338 40 Jan 23% 23% 617 22 Oct 12% 41% July —1 Ltd Mines Cons ■ 25% 30 10 115 93 Feb 107 b'/o preferred Quebec Power .,,,100 ; 88'/a • . 110 43% Feb 53 Dalhouse^Oil Company Ltd Home Oil 17% 7 625 18 2,635 Lawrence Class St A common Lawrence Flour Mills Preferred St. • 6 Jan 60 60c 3,900 38c Jan l.u9 l2,OiU 68c Jan 1.80 NOV Jan 4.00 Apr v" 19% July 88 Va Nov 320 62 Jan 13 105 12% Oct 16 — 100 % 13% '^.L ' . • 32 • 2% 1.75 Jan 4,105 565 14% 11% Feb 100 24 Feb 15 32 130% 130 Va • Paper preferred—,100 Shawlnigan Water & Power 2 14 common....' — Lawrence Southern Canada of 30c 120 Apr 4 Jun July 18% July 35 130% 42% 14% 44 1,Lj 32% 14 Va 14% 2,035 14 10 common * Brothers Tuckett new Tobacco — 105' 11 62% preferred * 9 100 common Steel Biscuit 152 Corp 4% preferred— 100 Canadian Feb Oct 47 common » Preferred 6% 100 * Pacific Consol Aldermac Oils Ltd 5% 51 — 25 62% of Aluminum footnotes see page 1971. '•{ Apr ; Range Since Jannary1 Low 'High 2% Co. Canada 70c Jan . 8,190 1.30 • 1.25 1.30 3,568 13 %c Jan 9c Jan 9c Jan 13c 13c 1,760 15c 17c 11,600 99 106% __ __ pfd.-lOQ 5% Jan 2,625 27% 100 100% 705 Nov 99 High 4% July 33 Julv 1.60 July 17c Jun 21c Aug •»< 133 % Mar 100% Jun 102% Feb 47c Jan 84 %c Jun Jan 7.10 102 195 65c 68'Ac 3,200 6.50 6.95 578 51%c 64c 33,800 20c 22c24%c 16,900 18c* 100% —66c 19% Anglo-Huronian Ltd Jun Aquarius Porcupine Gold Mines——_* 10 Gold - 4 Va 11% Jun Armistice 72 Apr Astoria Quebec Mines. ' Nov 9 10 152 : Apr 156 Feb Bagamac /; 4 Va Jan 6 Apr Bank 4% A-:' 50 J ^ CV, 25 60 -i Jun 75 Va Oct 55 125 6 3,646 51 605 21 Jan. July 63 Va July 18 70 13 Jan 18 • 140 156 157 243 140 — 1 22c 44c ;—__l Ltd 11 %c 1 46c 98,125 3.15 3.10 3.25 ,1 16%c 15c 17c 8,885 1 15%c 15c 17c 17,300 100 156 155% 157 50 68c July Oct 33c July July 60c Oct 2%c Jan 14c Sep 1.35 , 4,080 > Oct Feb f Jan 3.50 Sep 35c 11,800 10%c 13%c 45c Mines 3.00 Nov 152 ; Gold Gold 9 75 50 ; Jan 5 18 —* Mfines Nov .59% Mines Bank 47 2% May Jan 58 Jun 8 Va of July Nova of Barkers Consolidated Mines Montreal of — Scotia— Bread Metals ; Mining Exploration 140 223 .. 147 2 223 58 132 Jan Jan. Jan 160 Mar 254% May 150 Aug class A _* —— Bell Telephone of Canada Berens 1 1 River Bidgood Kirkland Gold 0 100 — : • , , '39c 1.61 23.% — 158 ._1 —1 May Aug 161 Jun Jan 259 Mar Feb 255 Oct Mar 3 Nov Feb 40 Nov 245 3 227 240 15 234 3 110 40 90 10%c ll%c 10%c ■■ & Radium, . 3 V 50 Bathurst Power & Paper class "A"—° 4c' 150 ' 40 * common_: 1,900 13.13% 50 8%c Apr Nov 17%c July 15 July Oct Jan 49 %c Jun 1.87 Sep 12,700 1.73 17,405 70c Apr 24 590 15 Feb 23 19 %c 12 35c / 3.9c 24 15 15 10 Oct 15 Nov 158 317 140% Jan 160 See 700 70c Jun 9%c Jan 35c 1.00 38c 32,461 10 '! '! Oct 156 1,00 35c 85c 21 10c 1.60 %c July Jan 245 — 19 ovaC 240 100 100 Preferred Base 1 Toronto—. Class B 100 July 4.00 July 26 Sales Shares 23% _• Anglo Canadian Oil— 200 243 156 __Il00 Canada 46c for Week Range of Prices 25 ' ,,_* common Sep Beatty Bros ,_100 Scotia For Jan 5 _1 Copper Aluminium Nov Banks— of 2.66 Jan 21% Exchange 2 1 Beattie Gold Mines Ltd Montreal , Funds Low 100 preferred Ajax Oil & Gas Co.. Bear Royal Bank 25 ♦ July 55 Electric Zellers Ltd common Nova 1,220 Week's Sale Price & Paper common—. Power 9 75 -- Cotton Winnipeg Jan 30c 30 3.60 22% Par Abitibi Bank Wabasso 30c 3.50 Last Bankfield United Viau Oct Nov ' Power Canada 9.55 65c inclusive, compiled from official sales lists STOCKS— Aunor Tooke 2.60 100 22% 3.55 Nov. 6 to Nov. 12 both Arjon Steel Co. 3.10 3.10 • 10% July Jan 13 2% 50 : .i H i 9.25 " Corp preferred Nov Feb 55C —0 Limited Company Jun 9 V* 88 %■ Jun 6.50 4c 1.04 July 1.56 Toronto Stock Alberta St 1.10 Jan 55C —0 Ltd Co Oil Royalite Sep Jan 82% -- July 2%e May 66V2C 100 1.56 Aug 53 ; 82c : Feb 14 7 i! 6V4C Oils— Sep 102 15% 17 % i; i Jan 1 Ltd— Aug , 53 • common .; Nov 3c 1.00 ——1 Mines Ltd— Gold Friday Canada ■(' Sep Nov Nov 15 -52 Nov 101 ■■ Nov 1.16 1,26 Sep 33% 13 Va * common,, - '• July 690 Jan 63 %c May 1,000 Jan Nov 78c 5,300 1.12 97c 10,500 85c Jan 41% * Aug 3.95 Nov 49 14 6c 1.60 Aug 11% 100 12% 101 3c Feb 3%c - 700 46% * !] Sep/"'; Jan Mar 100 f 3c 13% Tubes,—; ■ 410 5c 1.15 1.02 0 Mines Ltd—,—1 Mines Ltd Gold , 1 5.75 1 Ltd— Corp Mines Sep 14 V4 5c ■' 80c 46% * common i : 14% _z. * Lac Gold Mines Ltd.— Mining 68c lc 3,000 1 ■■ —0 ■ Ogilvie Flour Mills - 5.75 Ltd—,— Ltd 95c * new Aug 80c 500 2,000 3c —» Corp Noranda Mines Ltd 62c 2Vac 800 1%C 3 Va C Lamaque Gold Mines Ltd..,,— Gold : l%c 3 %C Joliet-Quebec Mines Ltd Kirkland 1.20 1.20 Mines Ltd— 19% 41% - Jan — 80c 20 32% 25 : Jun ' 62c Ltd Central 0 18% 18% Aug July 1.4,'' Ltd i.' 8 20 7c Jan 80 c 8% 17 Va1 V 20 21c Jan 12c Sherritt-Gordon Mines Ltd, 7%, 19% • 100 • — Jun 2%c 500 500 Jun 7% V- Nov 35c Wright Hargreaves Mines Ltd—,—'—* Massey-Harris 13% 35c 26% 8 ;•8 ■ Nov 10c 900 7c 7C • 1 Shawkey Gold Mining Company Ltd—1 23 23% 13 ' Jan • Oct Mines— 6 common Oct Mav 92 105 pfd_100 cum Flour Mills Co Ltd__ Steel 12 12 49 % 104 0 — Southern Canada Pow 6% Jun 720 47% Reliance Jun Sep July 19% 0 _* — Noorduyn 190 "Lake of the Woods 9% Nov 103 104% 103 pfd. 100 cum Quebec Tel and Power Corp class A__° O'Brien 100 Jau Maple Leaf Milling Co Ltd common.—0 Massey-Harris Co Ltd 5% pfd 100 7% 16 15c 125 Normetal 17 1,500 3'A 1,557 Little Long .* 30c 17 8 21 5 1,265 17% Jan 7 18 18% 30c _* Paper Co July 16 17 & 90 May 18 cum Corp 16% 39 % Mar Preferred 15 25 17 24 * common 80 14% 7 42% * Nov International Power 15 14% Power & Paper Power Oct July 42% 1 MacLaren Jan ; • 10 B Lake St John 89 89 Jan 42 Va Jan 20 Va ' 14 100 Halifax Fire Insurance Company Inter-City Baking Company Ltd 4% 11% r 7 £1 Ltd Co A Fraser Jan Co Sep 7% Aug 35 May 2% ! ,1 5 13% Corp com 3% Mar 28 pfd__100 cum Ltd 595 v • 3% 17 of Nov 7% July 15% 2% 29% Corp Jan 29 1,610 Bros & 3% Jan 9% Sep 2% 2,367 Price Jan Feb 3 May 3 Va 22 Va Power Jun 5.00 30 % Ltd July ___" 29% Penmans 3% 12c 29 * Paper Co Ltd— Aircraft 21 Page-Hersey Sep 15c Apr 2% May 12c common Fairchild Aircraft Limited 29% Steel 7c 2,725 4% 4% ,20 Fleet 22 Ontario 12 300x 15c 15c 2% 2% Oct 4% 50 28% — 14% f_, Steel Apr 48 60c ' Donnacona International Petroleum National 7% Jan 20c Dominion Square Corp,, Dominion Woollens International Nickel of Canada com,,* National Oct 6% •• ' 900 104 _• Preferred Industrial Acceptance Mont Sep 3% May 39% 2.50 J-M Consolidated Gold Montreal Mar 65c 50 1* Ltd 6% 13% 104 Bay Mming Mitchell 169 Jan 53 5 47% "A" Paper Corp Cub Aircraft Corp Ltd Preferred Jan 30c - 10% Aug . 47% • • common Prefeired Consolidated Dominion .148 100 '' ' Consolidated Apr Sep . 40 —___100 Westinghouse Co. Ltd,, Commercial 15% Mar 8% July 22% Aug 5% * common Catelli Food Products Ltd common....' 5% cum preferred 15 Claude 22 Va July 26 6 Vickers Ltd preferred Canadian 2 50c 55 Company,—_____l • 155 155 1• 100 Canadian Power & Paper Inv Ltd 57o 165 23 21% 0 preferred cum Sep 11% July 8% Nov 21 % > 97 Canadian Industries Ltd class B ♦ Candn Internat Inv Trust Ltd com—* 5% 4% July 17 pfd 100 6%% pfd___100 Investments • 109 20' 7% Cable General Jan 23 * Canadian Dredge & Dock Co Ltd Canadian 65c 20% * Ltd Sugar Co 5% 11% 14 100 common— Imperial Oil Ltd Imperial 23% "■ • 6% 5'/a Preferred Hudson 25 Ltd 5 * Bridge Hollinger Gold Mines,, Howard 12,030 100 Columbia Packers Canada Beaufor Hamilton 2% Brewers & Dist of Vancouver Ltd__5.00 British American Oil Co Ltd— ♦ Western Can General Steel High 1.95 J 00 preferred Beauharnois Power Corp cum McColl-Frontenac Enamel Range Since Jannery 1 Low High Low • common preferred l'/o International Preferred Shares 107% Mar 103% Mar 126 126 ,,___* B Dominion Textile of Prices Par Abltibl Eastern Canadian Foreign Investment com Ind Alcohol common Canadian Canadian Sales for Week Range Sale Price 1 Cottons Preferred Class Week's Last •' Aluminum Co of Canada pfd—'—5 Asbestos Corp wAssociated Friday STOCKS— Range Since January 1 Low .-4 Funds inclusive, compiled from official sales lists Sales Shares of Prices Pat ••• . Nov. 6 to Nov. 12 both for Week Range Last Sale Price <W:- ■ Week's ::V%3'Friday •:• STOCKS— Canadian Funds compiled from official sales lists Nov. 6 to Nov. 12 both inclusive, 1.10 63c Sep Aug : ( THE COMMERCIAL & FINANCIAL CHRONICLE 1970 CANADIAN Last Friday for Week Range ale Trice MARKETS Sales Week's Friday STOCKS— LISTED STOCKS-*- Shares of Trices Range Since January 1 Ribbon Blue Par Low commonl-——* Corp Ltd Preferreh Z._—; —" ■ . High Low 8 8 320 —-50 42 Va 42 Vb —1 8%c 9%c Mines Ltd 3onetal Gold Mines 17c 1 19c High 814 Oct International Nickel 29% Jan 4214 Nov International Petroleum 8c Jan 12c Mar Mines, 3,015 8%c Jan 24c 11% 200 7.40 Jan 11 To Aug Sep Jacola Mines 13,652 14',2 Jan 2814 Jun Jason Mines ——5 8% 8 8% 45 5% Feb Nov Jellicoe Mines 21 20% 21-% 1,475 17% Jan 2214 Jun ...; 21% 23 200 17% 26 Kelvinator of Canada,: Kerr-Addison Gold Mines—. 29 — 814 ~ Oil— * British American Columbia Packers Ltd ■ British Columbia British * Power ." 'Z.Z- •Z 70c * class A Dominion Oil- * Broulan Porcupine Mines. Ltd Ankerite 24 25% 68 %c 74c ■ 70c 70c * Gold Mines-.; common— Camp Bird Canada Mines Bread "B" Class Canada 50 Foundry Canada Malting Co-- Packers Breweries ; New Canadian Food Products General General Securities Class B Industrial Canadian Malartic Gold Central Patricia Gold Mining & Willans Plow • , Coniuurum 6% Consumers Gas Cosmos 65c Dome Dom pfd 31C 134' Z.Z^ Mar Jan 15 712 Feb E4c Jan 1.00 Jan 614 c July Jan 1014 c 65c 24 2.14 July 34, 25 220 1.74 Sep 1514 Oet 4614 July 25 . , Jan Feb' 22 July Jan Nov 700 23 2a 2534 Jan 18 ;U Jan _* 9% ; • 1614 Jun 20 3 4 Jan 50c " Feb 22 Jan 33 8 Nov Ills July Jan 1014 10 1.695 . ' I 4 514 900 30 July 1.00 Nov Nov Jun 140 63» Jan 5 5 105 238 Jan. 11 11% 365 8*4 Jan 10c 10c 1,000 4c Feb 141-2 July 1014 Nov 9c lie 14,610 4 Vic Jan _20 1.60 > • 1.73 21,405 8% Crest Oil. Z : - • Eastern Malartic Mines.— -lie l ... 1.65 Eastern Steel Products— Easy 14 Eldorado Mines Gold i Eng Electric class "A". Fanny Farmer Federal Fleet > Candy Shops Kirkland Mining • l ... Aircraft 12,126 22 40 3.60 29 4TaC „«• , 1.38 3.95 1,310 28-% 3.60 29% 1.09 July July 8 3a4 Francoeur Gold Gatineau Co. "- pfd —. Gillies Lake Glenora 4TaC National Ltd • 565 God's Lake 4,100 5%c Golden Normetal Preferred North Star Oil O'Brien Gold Preferred vtc t Pacific Oil Gold Mines Ltd Gypsum Lime & Hallnor Mines 20 1 f~ Mines i ~~ ~i Hedlcy Mascot Gold Mines.—.7ZJ 1 Oils Ltd ,.^Z.ZZZ» Highwood-Scarcee Hinde & Dauch Paper Co Mines""" Oil Hudson Bay Mining Imperial 88 2!nc & Smelting Mtge 5 —- & Develop... footnotes see page 1971, , 22 15%. Oct 100 2 : 60c : ' " 125 : 2,000 Jan 714c Aug Silk 40 Jan 52% Aug 3,50(V 2%c Jan ,4T'8C Aug 1.05 • - 74c 1 May 20c 31,200 32,100 Sen 8 . lc 1214c Jun May Jan Mines— •1.10 -Oct Apr Apr 2.00 Sep 2.00 Sep 61e Mar 3,300 38c Jan 8% Jan 210 % Apr 2% Apr :6 165 4%c «47»C '6,100 99c 17,910 ' '^Z._ ' ,' :Z 100, 101% 1.25 l.ij? ,1.30- 55 99c Z : • . ,: . 93c - 3%c . 21 45 15C 16c 3,650 6% 6% 1,385 3 414c Sep St July 1414 9c Russell Industries St .Z- Jun 6%c Nov Jan 10 2c 20c 22c : 38,700 3%c 37,000 3.70 3c 440 375 5% - 5% 2%c 2 VZc 65 101 — 2%c 101 190 4% i.io 100 5,155 74c 4% 700 1.15 1.05 , — 22.075 2.40- 1.25 2,910 Jan 2.85 Apr 1.50 Nov 50c Jan 1.42 Nov 63 v 6%> t 1.03 140 1.04 ,> 27c 1.15 Jan 9 1.72 Jan 10,455 27c . -■ - : 500 - -53c •57c 20c 4.638 3%C 1,500 . Jatt Jan 4 135 2.24 6 58c 2.300 7 2,15 •. St Jun 2914c Mar San Antonio Gold Sand River Gold 2c Sep Scythes & Co 15c Aug Senator Rouyn, Ltd—J 23% 370 •6%c 2,700 140 45 132 Va May 150% Aug 22l4 Jan 95 July Jan 58 July May 614 July Jan 23 705 21% Jan 26% July 190 190 4c 22 Jan Jun South End. 4.00 Nov South West 434 Jan 1.20 Mar 7,000 8 8 Jun 214 c Nov 101 Nov 85 Jan 3 May 5% Oct 40c Mar 1.15 10c 14 2.65 1,375 Sladen 22c 714 c Jan 3,500 , Oct Apr 175 173 176 30 14% 13% 14% 9,103 11% 11% 11% 620 8% 8% i - 8% . . 425 55c 58c 4,300 15% 15% 255 98 40 14% July 3c Aug Nov 47c Mar 17c Feb 31c Sep 2614 Jan 3214 Mar Jan 70 Nov Preferred .4—. Jan 185 11% Jan Sep 1714 July 10 Mar 1214 Feb 8»4 Nov 8 3i Nov 26c Mai- 66c Oct 9% Sep 10% Nov 18'4 20 100 Feb 20 12- ;. : 12 104;; • 58c 11,850 4 %C 16,500 27c 1,000 11,900 56c 60c 1834 190 2% 2% 308 9% ■•- Top Tailors Preferred Gold Toronto Elevators '% • ; ; 5 r-; Jan 86 7 0 Jan 39c 29c Jan 56c 60c 7 Jan % Mar Nov 19% Aug Jan 4 Jun July 60c Jan 50 02 64 115 70 70% 61 2.20 2.42 56,885 ' Sep 8c Nov 1.10 Nov 35c Jun ,10 Oct Oct 64c 3%c Jan 20c Oct 13% 104 Mar 191 5: :_y 3 July 10 . Oct 5% Oct 59% Jan 73 -Apr.. 66 Jan 76 % Apr 1.51 Jan 2.65 Oet prefprred—4—, Co._L.. Exploration 4—Z ...T 50,' 1014 Jan 17 July Toronto Mortgage -50 90 Jan 100 July Towagmac _..1; . 1334 500 3.10 • 3,055 109 -75c . ■ : - » 54 87% •87%, 14c 1.85 30 75C '14c Nov 6 100 1,300 . 14 Jan 3.45 Jan 50 68 Jan 1,600 10c Jun Oct Aug Sep Sep, 9 Oct Sep 94c Vat Jan 10 Nov 110 Mar' 10 . 2,25 -Mar. 61c . 85 1138 Jan 10% Jan .10 8 4*;* ; 8 ""-^109 '.->'54 1.80 Feb 133i .4 Sep Sep Jail 2,805 ^4" 5c 65 10 2.10 . 2.40 65c 1.68 :.;84 3.05 Sep Jun 29,250 ,1.55 • Sep' 1.46 2%c 700 >2.05 ... 21c 500 4;-;84 3.10 14 3C > Z .100 Apr Jail 2.25 _ 2.10 ,.*'. 12 1()C, 3,000 3c. •; :'144- —__ U—4 60 20c 19c 2.23 - 1.56 ' l — common " 7 14- -13(4 • .43c 1 Mines—4. Toburn ■ ... ' —I preferred..—4__Z 100. Mines.-Ltd Tip 7,300 3% . ' Mincs.l—.; Tamblyn Ltd common! Teck-Hughes Gold Mines 60C 27c » 2.24 1 . —. Hosiery 40 "415 54c - ,:*Z.^-'-Z Sudbury .Basin Mines 1 Contact Mines—T. —i——44—. 1" Cons >: 18% — preferred—l. Svlvanite Gold '•:>>. 10 1.05 Mar • Sud Supersilk 50 <9 ....25 Steep Rock Iron Mines— Sullivan Nov 10% : 4; 4.10 July 55 July 9.75 Z...* : Jan July 1.04 Jail ' Canada common..—• Stuart 6c Jan 5.75 : Sturgeon River Gold Mines———_.„1 Nov Scj) 67c .. Z* Sep Jun 85c .=.%-* \4c __ 56c . 19% 500 —- - com 1274 1714c Jan 157 54c _.v 62% 62%c Sop Nov 699 <•-, ~TMi—- MaiMar 19,218 - ; •; 18 18c -10% 20 1 — 4.00 Sep Z 9TnC Jun 84C 53 %c Radio Oil 90c 53740 Mines.. Jan .9.50 i 1614 July Sep 13 ! Jan Mar 179 Mines—— Preferred Apr 1,600 Feb 18Tb July Oct 44 2%c .Tan 25,550 90c • .. Petroleum;Co— • Petroleum..——.—..—* 1.86 Aug 6c :9.25 4.4": , , Apr 53 78c..78c 9.25 *. : 205 Mar 1434 1.3 ■ 103 Chemical of .: 12 39 49c 49 %C • 49c ,- 104 Paving & Materials Co 200 4c 47'4 100 Springer Sturgeon Steel 3,205 4C 3.45. * ,Z_* Standard Standard 3.65 ' Jan 2c 100 ...; Standard Nov 14% 43% L. Malartic 6c Jan —- 13% 'Z..Z ;' 1 ... — Gold Nov 10,870 70 July 9c Jail 152 5 , 43% 3.45 Sheep Creek Gold Mines.—~-——-„50c Sherritt-Gordon Gold".Mines— 1 3c 3.65 30c 25 3%c Jan 30,000 V-. 425 — ... -1 Sigma Mines 3 2*50 1,675 30% ! common—... Class "B" 8.50 70 . 14 Vb Shawinigan Water & Power——* Preferred 3%c 28c Nov 59c Sep 9%C Apr May 6c ; > 1 Jun 3,000 28% Mines Ltd Aug 15V2C 15 %c 29 Z'-'27C Jan Sep Sep -4c 22»4 Mining.—1 '7% 30c 3c 2.50 July 31c■ July July .23 (- —.100 24c 5 1,000 470 preferred Simpsons class 33c . *. July 33c 11% Z11 Sep 138 'Z'%Z- - 23 2c 15% 2.10 Sep 52c S^^c 1614 May ll34c Jan 11,000 1'5 1.10 Nov May 2,838 2.20 Silverwoods Dairies, common....—: 4%c 11V4 57e Aug' Jun 1.28 10,800 2 — Julv 4c 11% Aug 1.35 . 23 4C 15 %c 39c 1.48 100 - Oct 43ic Aug May 17VZc May 4% Aug ' 6V2 Feb 143i 33c r 1.36 Nov . 1.33 : 1.04 1 Jan 4% 4,850 1.90 -- 1 Nov Aug Z 1.27' 1.33 % 4 5 1.00 ,90c Feb 97c 103 %-Jan 57c 11,300 . Nov 9 \"_ 3c 3.00C 32c ZZ.Zl-.82 -T.Z'.2.35- 1 88 100 3%c 90c Anthony Gold Mines i.l Lawrence Corp class <'A".Z,.uk^..50 Lawrence Paper Mills Co pfd..—.100 314 c Aug Apr lc 21 3.55 Oct Sop Nov 6 > ■ Nov 4%. Nov 85c 6.299 : S'ic ; __i Canada P'eb 3c 500 302 --r 78c 64c 3T»;Sep 18,125 77h Z'Z30p Zr iZ' 5 -- 30%c Mills..—. 23 Jan 6,500 12,000 20% . 1.26 x ' 6TaC Sep Apr 1.08 > '200 12,107 Gc .; Z .5^ 7% ?.:Z;Z',71o 1 —1 19c 10c 20 • May 3c 20% 15c 1.16 Sep i<: 1.00 • 27,610 Z. i 1.27 —Z— Oil 1.95 Apr 71c . - 1.89 Lac~~—_X—-..1 of 67c 850 ' Mines Sep Sep 3,809 \; 3 >, 4 % 4%c "• Dome Oct 167 Feb 35c Oct 1.73 45c 70c 41 %c Z > —.1 Quebec Gold Mining—S Riverside Jan 1 . 4873 83c 9414c . ' 70c 1 Queehston Gold Mines' Sep 62 3.45 —100 29 Jan Nov 25 Aug 5114 common A. —— Jan 13% : 1 Reno Gold 100 57 . —, 25% Nov Sop 9% July 12 3%c >> 4 c 41%c *% : Mining Co__; Sep 3914c 25 28c » Z>'. 8V3 35 108 57c Z: 84c 1 Jun 101 36 3.50 c Jan 305 4fj% ' * - Mines 4.80 Jan 56 3%c Ltd..,„:zz::z:zz:~1 International Metal Preferred —fZ~"* 6 ' —— " 785 20 vZZZ""'Z' * 30 May Feb 18c 90 \ mo . Oil Min East 77 5% ZZlOO Bank of Canada.. Inspiration Preston 3214: Mar 9% 28% l'.Ol .. Metals 85 5 • ZI——I Imperial Tobacco ordinary ingiis (John) co For 12c j Mines Huron & Erie Pressed- 5 1%C , Homestead Oil At Gas. Imperial1 88 « Hollinger Consolidated Gold Howey Gold Jan Mar 21 5% —-ZZZZZ..* ...... Rock Gold llarker Gold July 3.10 Jun 5% Aug 13% 57c ——'— Premier Gold 10O 16c 10c jqo Hard Home 3.300 86 92 1%C r: ,3%C i common Harding Carpets 38c 12,400 . i ___ Preferred • Apr 33 Jun 13% 46% ,ZZZ- Power Corporation 1.64 Aug 25 July ,28c 46 %c Nov ;20 I Gold—Z— Sep Royalite 23,500 Zl ; ,1.75 July 28% * Mines— Sep Sep 4%C 22c ; Mar 25c - 50 34 1.25 Oct 8 1614 17c 19 %c ——_i ... >'">'275 8% ' lot) 1 Jan 15c >_!* Hamilton .Bridge Co Ltd—IIIIII.II* Hamilton United Theatres 1.60 1.60 Z 3% 1 Siscoe Ilalcrow Swayze Mines. Halliwell Gold Mines.. 49% Oct 720 trust 143o 33c 12c T~ 1 comll* _~~Z 27 Jan 1.50 Pioneer Gold Mines of B C 60 17c * ... Oct Jan 8% Peoples Credit Securities———* 15% 15 c Z—~1 Alabastine—j 18% Feb 28c common—Z_—"''Z-ZZvZ': 1:30 Mines—, ;—r .-f 1.14 ■ -?:l.ll Ref Oct 44% 22c 1.02 Rouyn 2.29 310 50C 8,262 1.75 Paymaster Cons Mines Ltd. Voting ■ 1 Nov Nov 550 .-—5. Porcupine Mines Ltd Gold , 24c 48 Z . 70c Pickle-Crow. Gold Sep 25c 191-! 100 ■/ Jan 8c > 48 ' —..."i Royal Bank 10 % 1.22 12,100 5c Aug May 18 3 i ' Zt. 3 Pandora Cadillac Goldj Mines.— -.1 Pan tepee Oil Co.— J.—Z—.1 Bol: -Partanen Malartic Gold Mines.— I Perron Feb Sep 1.54 Nov 24c ,Z:/.":: v34 'ZZZd'. Z-"-Q . Pamour 11c 58 40c —- & ; y 24C. 814 .20 ^ ' 37,0 :„Z ■ -Z.Z>>-ZZZZ-*.%% Roche Long 2,600 ZI* b 1.75 Page-Herse'y. Tubes _Z— Oct 6c ; 2.05 Corp Ltd——* Preferred Jun 10% c 1.88 l J July 97/o July Nov 1.60 * — Pacalta Oils 61-4 85 i v 21c 48 Omega Gold Mines..4^. Orange Crush conunonr 247a 92' • com 1.82 1614 Jan 80c 55 Paper 95,300 ' Okaloa Oils. Ltd Jan 5c Preferred Gunnar 34c .... Great Lakes 24c : • Z —Z— Mining Jan 4c Mining Mining 21c Em|)ire Mines1 3 IT 5c Gate Goodfish Jun July 22 i Apr lie 38c Northern Canadl Mines—_—Z—_._..* Northern 1934 4%c Goodyear Tire & Rubber of Can 5c 1,900 I 50 x .. 1 %c 1,600 22c Oct 10 f y JanZ 48,800 ' 8c 19c 'ZZZ-ZJZ Mines 1,579 10% ' ..— 83c 22lL>c Nor go Id 3% Mines..1 Mines Ltd Goldale Mines 9,665 3>,C 3c ; ; Feb 714c • 15% •"•'-w.ZZ.vV::; ... ;-. ; 3c 1 — Co Mines 24% ' Gold 1.48 Jan 47 Jun 6c 5Vac Jan 130 1.41 1.45 6 1,50( 55 55- Jun 9% 17 Jan 19c Noranda Mines 23 >.100 Mines. ; - > Jan. 14% 465 7,14c. 714c , 55 common—* i Trust 3% • 100 . — Porcupine Gold • * 5% preferred General Steel Wares.; 814 %71 it _- ZZZ'Z- 585, ' 23% Mines.. Power 5%% Feb Jan 12 t Z-—* ;. ,1934 18:,4 • 1 Ford Co of Canada class a_. "Foundation Co. 395 21% -V; Falconbridge Nickel Mines 60 8 1.18 1.25 15 7% Washing Machine..—........—* Jan 5'% Nov 7 % .Sep 2%cMar 1,105 2.40 -Sep Jan IOV4 50U 8:,a 814 • j.4 1 Powell East 4% 680 5c - 1.95 Preferred 2114c July 8 % Woollens & Worsteds coin-.,.* 900 73a 15% 5c '. 1 Oct 80 8% 8% 9 Jan' National Sewer Pipe Qo..' : National Steel Car preferred.———2_* 47aC. Apr 4114 293« Aug 167 July 35 -855 , 32 8 >Z Oct . 24c 10c 214c 420 1.00 25 Aug Jan 32 Oct 42 Jun 1.00 136 Feb 1114 . Co Nov 14214 22 Grocers 31c 10 •• National Nipisslng 12 —1 4% Negus Mines .——L_ 4,500 , 90 common... Oct 3,000 v Breweries Jun Jan -21 200 36 7 s 24' > , 123 National 2.09 160 1 July 1.75 Sep 14c Aug 47c May Nov 9*37 165 15c r 7i4 >•7% Muirheads Cafeterias Common——ZZ-L* .Z Preferred Z, 10 2.65 Aug ,16 Ltd——.— 1.35 Jan 2%c 714- .1 1374 85c 100 ; 3.75 Sep 1.51 Mar 70c 7 Oils Jan Nov 914 1,517 : 1.59 Apr &iGas—.Z.,„Z..Z> Jan 1.90 75c 16 common 68c Aug 23:!4 July 1274 July Jan 160 Preferred Co 36c 3.085 14% 39% •f Jan 2 .25 . 2.30 Nov Jan 13 %c z 367a • Mining Nov 614 25 Dominion Tar & Chemical Dusquesne 614 Jan July 1.65 Mining Corp of Canada Nov Oct 4.00 26,315 Moneta Porcupine 4_: Montreal Light Heat & Power Moore Corp common— 3*4 22% Jan 22,605 Mines Model 614 Apr 32,715 Mines.—.—, Nov 20c 2 %C , • ..... Gold Nov • > 1.8 55 3,955 .1.07 Nov 24% Oct ' 1.51 GoId.Minesj._._„..„. Graham McWatters Nov 614 37 1 Stores July Feb 2.37 —1, 39 1.60 1.50 19% 3.40 *'! Mines 216 14% ^Z. '' ..50 Lake Jan 1,600 41 Investors July Nov- 830 24 >.a— McLellan Red Feb" 700 ' 38% • McKenzie 614 31c 41 com 1174 July 1.27 Sep Jun 3.10 McColl Frontenac Oil common Oct July 22 3.65 % 67c 315 22 -jyt'Z Nov "1.42 McDougall Segur Exploration Mclntyre Porcupine Mines—5:- —100 Dominion Steel class B Dominion > 23%, 4 % c Aug 10 % 1.47 20 22 26,175 ; 32,050 > 3.50 l 200 160,313 . 12,700 1.02 1 8V2 May 60 %c Jan Oct 14 Z Jan 3.10 2414 Mid Continental Oil 100 % 1.20 94c 9V2C Feb 9%; Jan lc July Sep 15% July 2.25 14 19 6,000 2.25 30 • 6.10 ' 10 ... Jan 3,200 2.01 1033 ; 26 ' : Jan May 3%c Jun 290 16Vis Sep ZZ-: Mar 3.65 91c Sep 1.40 Aug. Jan 13 % 4,000 10% 1:15 'May z.;:22 ' 16,300 ic 14 ■Z-Z Jail „ 10% Sep Sep Mar 1 4234 Nov 2,925 24 — Scottish Dominion 12 ' i'i Preferred 15 c 12 67 2%C " . common McVittie 22c * common. ———— Dominion Foundries & Steel Preferred 1.85 11% • Bank 1.90 V 1.85 • Corp—Seagrams Dominion '•> 55c 40c 25 f. 12, 23.14 Jan 20 135 —. 14214 Aug 614 Oct 630 1.19 40c 15% 31 1.70 134 Mines Coal 1.10 Jan 1,188 5%c 1.20 10% 20c "Z:;-- .45 1312: I.Z 14% Jan 1 Mines. ' 2734 Aug 3814 Oct 1,700 9% Z . 5.85 1314 "•> Preferred Maralgo Mines Massey-warris Sep 1.15 .—50 Nickel Mines Distillers 1.15 1.50 —.——•—— Sep Oct 100 22c 23'4 6%c ' Jan 1,645 5.75 Aug 9c 10 1,770 , V l%cMay 20,500, 15 Nov % 4.75 60C 13 >2 .... 214c Jan 12,432 1.62 100 Jan 614 Jan 18 8%C 89c 1.03 ,14 2314 ■ . 3%c Oct. 1 Gold 10 65c 84c ' j Feb 10c > 29% 3.50 Fields^, 2512 9% 9c Canada——.* Jan Lake Gold Nov i .... Jan Nov Red 13 5% 2,882 32 c 5.75 • Maple Leaf Gardens pfd Maple Leaf Milling common.— 1414 80 • Z 10 85c: 1.00 — 2734 18 1.10 Smelting.-——5 — 325 834 ■' 9 Va 22c Petroleum Dominion 62c •- 1.65 (Toronto) Imperial Denison 5 —1 Dairy Corp preferred Davies v- ■' 1 Class B July 17 ■' Jan 6,630 ;Z • Macassa Apr 24 July ' Jun 7^4 Mar 15 6% * Leltcli Gold Mines. Ltd 39% Oct, lc 13c 9.00 85c 25.' .i •-' ... 5c . 4:i%; 8,500 11,100 ■ 13,l4 96c 3 Malartic May- 26 4c Mar 17,345 • 8.70 \ 1 preferred 3c 32c » j. -5c '3c — *,1 : Mines.— Laura Secord Candy—: Lebel Oro Mines > ™ Mines— & 17% 5 Ve ; Mining ' , 39 ; Gold 75 a 47«c' v, 23%c;: 2914C 1312 19 50 26% Cadillac > ■ 1» •_ Madsen 24 340 6 —-v" u™-; Oct 38 28 185 8.90 101'i 1,200 8% Sons. Oct Jan 1.35 17 1 Lamaque Gold .Mines Lang Jun Nov 128 17 _1 — 98 44 Jan 2 Va 100 12 Co.. Ltd 150 17% Aug 136 23 17% Mines, Jan 31 2,909 6% Mines Bakeries of 5% 37 % ' Petroleum Consolidated 70 216 , Consolidated 133 ,42 ——1 Co.. Commonwealth 25 26 7 Sliore Mines, Ltd... MacLeod-Cocicsirutt Gold Mines..! Feb 8% Jan ..; July Jun 17 l Sep 7912 295 27 43 5,036 _ Lake of Woods Milling common—.—..'' Oct Juti 124 25 4% 39 Smelting Gold 32 18% 36% \ >.%' Chesterville Larder Lake Gold Mines—I Chromium 2.025 8 1 —— Cochenour 10% 26 Mines—^——1 Central Porcupine Mines™ Research Cockshutt 16 107 Oct 36% 75 90 26% 23 Chemical 26 95 6% — 20 20 43 • 36 u2 —* Rv Jan 55 . 92 " "z%——,-i.-' •Z * Mines 100 146 212 A Castle-Trethcwey Mines 35 23 * Pacific 21 1 Canadian Oils Canadian 105 5 1 Alcohol Seo 50 — class A ———————_ Canadian Nov 9 11% * Electric— 60 Jan 40'% • — Canadian Feb May 4!/4 22% 1 Little Long Lac Gold Mines Ltd.. Loblaw Groceterias class A 3 Nov 21 Z'K, „..,J Legare 40 133 Lake High 29 ; Z——.i.* Kirkland Hudson Bay Mines Kirkland Lake Gold Mining Lake Dufault Mines Ltd Low 4,029 — 814c May 714 Oct 5 5% Dock————* Canadian Sep Oct Jun 65 133 * common & 2.60 35c 401 31 25 Dredge Jan Jan 7 18% - --20 — Celanese 1.15 8 4% > " * preferred preferred Canadian : 4%. Canadian Car & F'dry Co Ltd com——* Preferred ———..25 Canadian •• Feb 58% 9% ■ 31%'; :• _• common—— 1st Canners 3,400 5c 95 Commerce——TOO Conv. preferred 21c 42 * —i Preferred Canadian 5,725 145 — Bakeries common——■ Canadian Jan Mar 9% 4,500 21 Canadian Wire & Cable class B—,—* of July 914c Sep 17 Aug 1114 July Range Since January 1 High 30 Mining Co 1 ■ 5c Limited—3c i 27c Lapa 8c 35 -- Mortgage———100 Canada Steamship Lines common-—* Preferred ; 50 Bank 3%c 13 2^30 105 i——* ——* —— Canadian 120 4.00 7% . Permanent Canadian Nov Jan 58% - 7 % * —— Canada 75c 22c 24 %c class A...* and Forgings Mar 1.60 46c 850 9Ts 2.10 100 — Canada ' . • Class "B" Nov July July 6% _Z - 77c 54,100 16% 7%c OTbC common...— — 9%c 9% > - 1 ——— Cement common—, Preferred Can. ———1 Jan 23 750 7 %c ; 2.15' Calgary & Edmonton Corp Ltd—-—* Calmont Oils Ltd—,.-—, 74c 3.60 16 934 19 %c 29,100 12,450 16 " • Products Ltd «!•' 9c Canadian Gold Mines..——" Burlington Steel Co % Apr Feb 160 : 3.35 . 1 Buffalo Building Waite Low 29 »a 21 % * 23% British Buffalo Jack Corp class "A"; 11% & Distillers Brewers Inter Util 20 % ■ Shares 29% • 22% Brazilian Traction of Prices ], common——* Ltd * Light & Pwr com—* ' Bralorne Par Feb 11,500 Bob jo Sales for Week Range Sale Trice . ' 4% 120 Week's Last ' l ; .>> .' Monday, November 15, 1943 55 - 90 18c Sep July Sep Feb . Volume Number 4229 158 < - Friday :V;" V v.,, THE COMMERCIAL & FINANCIAL CHRONICLE J ■ Traders Finance class 6 Transcontinental Resources Union Gas Co of United Low 10 A —• Canada 55c • — 6% Corp class A Class B United Class 24 / — Fuel 9,000 1,040 6 United Steel, ' —• Upper Canada Mines Ltd—,_1 74q Jun Jan 9 AUS Nov. 6 to Nov. 12 both 20. ...-Aug 7% Jan 26 16 95 32% Jan 37 Feb 245 5 3% Jan 5% July Beath 4 Vi» Jan 6 Apr Brett Jan 1.85 Sep 50 12 33 5 ' 340 . "■—> 4 >4 4>% 070 1.65 1.64 1.70 7,300 - 95c class A • 6.50 6.60 2,664 4.40 Jan I 21 tic 19c 23c 109,450 9%c Jan Waite-Amulet Mines, Ltd— —■* Walker-Gooderham & Worts'com, * 4.80 4.80 5.15 3,462 3.40 Jan ' 57% 56 % 59 Vcrmllata ——l——-■ /Oils'.—U-' - Preferred —. — Ltd Preferred %.—} • 21 21% 22c 80 • 15 14% 15% common —— „ - — 100 - 64 Jan 21% Aug Jan 24c Sep Disher Jan 91 Jun Dominion Feb 17 12 Coghtan 94 10 106 3c 3c 1,000 Winnipeg Electric —_•' common— I%c May 5 5% 654 Preferred —100 Wrlght-Hargreaves Mines Vmir Yankee Girl Gold 3Ta May • , Mines 50 52 % 3.10 3.20 10c 10c . Ltd—" 10c/: 2.50 2,225 ' ' 10 l%c 3,500 10 10 15 1.80 300 Nov Oil 6% Corp—_——!_• 4.% 4% 5 3,465 3 — 75 78 20 24 July 35c 35c 1,200 //'■ 85c Oct Osisko Lake 4.20 Apr Pend Jan 4% ! ■ 3,36 ""«< - '■ 24% 1.45 Jan 2.9c 3,500 6Va July 80 Jan 47c Jun Nov 6 Mar 175 10 Sep 14% 95 23 Nov 31 78c Jan % Oct Nov 3Va Mtty Jan 4. 10 13 23 1.35 23% Nov July 1.75 Jun 16% 16 V2 200 15 —11—100 Feb 20 II 14 14 10 8 Apr 14 —_—L„• -! — 314c 3c 3?aC 3,500 16C 500 Z-II-1 25c Sep 1.26 1.26 1.35 4,100 1.05 Jan 1.90 Jun 1 gc 9c 9%c 9,500 5 J%c Jan 12c Sep — — Mines.—%~Ii Oreille 4% 12% I—I" Mines & Metals Temiskaming Mining Co 10%c Sep ;: 4% -w_. — c.. 35c Jun 10 Jan preferred——100 preferred——— Bridge 63 9 l%c Jan 1.75 Steel Selections High 6% Mar %c Mar i go Paper Sand Fraser Co v t July 8% July Mar 8c 1,200 Low 6% lc Z' 5c Jan 20 190 50 3.10 ■ Range Since January J j Foothills Oil & Gas July 106 Jan 106 3c 5% T I—II—* Shares High 6% "'"■■■ ___i — —— Humberstone Shoe WUtsey of Prices '■ :% Low ; Dalhousie Oil Co Ltd clc Havilland Aircraft.%L%—* Oct Jan 375 . Consolidated Consolidated 19c 280 : ZZ _ sales lists Sales for Week 5.80 Aug 19 2,250 75 1 Sep Sep 7.25 36c 40 350 22c —. — _ Western Canada 47 1,205 Flour' preferred——100 Wendigo Gold. Mines Westons 6.10 — Trethewey Canada Vinegars— Canadian Marconi Ventures, Ltd. saic price P(ir Son Week's Range STOCKS— & Funds inclusive, compiled from official Friday July July July 24 12 5 12 Apr 35c 6% Canadian High Feb 6 % 277 33 x'V Low 10 6Va 22 % —12 25 Range Since January 1 High 55c58%c : Invest '"A"_———50 B Shares of Prices par Toronto Stock Exchangc-Cnrb Section for Week Range Sale Price . Sales Week's *. Fast 8TOCKS— 1971 „ 16C 2%c Jan 7%c July Nov 7c Apr May OVER-THE-COUNTER MARKETS ' flotations for Friday Nov. 13 Investing Companies Bid Par Aeronautical Securities l AAmerex Holding Corp 6.29 2.90 3.17 10 .. American Business Shares 3.10 Series 14.29 Axe-Houghton Fund Inc.— 12.39 1 Series 13.32 5 Series 3.54 Series S-4 America—— of Tr 100.50 5 —,-i Fund Canadian Ltd— 13.63, x3.05 3.60 * 27.40 ■29,46 Fund 1 Chemical 100 Preferred Commonwealth Invest—— — —— mod———-——1 Scries ACC mod ;• 10 shares B ACommon Cumulative Trust Shares. D - 5.15 19.70 28.63 Inc- 1.67 Fund—.—0 4.97 Industrial Fund, Mutual Trust First Ind.LL—2 5.54 .14,10 \ 19.39 5.19 • Capital Corp_:—i—,—♦ 29.98 — - General Investors Trust— " '••'1 *".'*• ..." 32.24 5.01: 1 • 5/40 6.15 6.77. 4.93 shares./. 21.02 City of New York 10.29 Connecticut General Life 10.77 - -V equipment—^!— 47% 13% 15% 17%. 19% North 23 ?« 24% 35 37 Northeastern 40% Northern 35% Pacific Fire Pacific Indemnity Co x37% 33 55% 10 — Fireman's Fd of San Fran 10 —5 • 6.96 X7.87 8.66 X7.01 7.72 1 xG.97 X9.77 ———1_ — 10.74 Newark Fire— —. Series 1958—i_ U S 27 29 n New York Bid 19 13.77 6.49 3.10 5.43 ' V ^ Republic Invest Fund—:„!_ 44% 100 Selected Income 4.63 5.10 Sovereign Investors 6.41 7.05 Spencer Trask Fund——i_ 7.42 State —_—- Administered shares..— slia-res^.' 6.75 — Industrial Machinery shares- 5.73 ■ • 6.31 , 5.59 St '2% Shares—i_. 97 36% 44% 46 % Investment » Corpi. _ 4.95 5.45 ASeries C—- 12.96 13.81 ■«. 75.14 80.74 Bank & 5.65 6.22 ASeries D__^>—ii.__ ' Merchandise shares^.— 4.33 Mining shares-— shares_%_——— 5.87, shares———— 6.46 ASeries A 3.20 ASeries B— 3.83 sUares/'I'!!-—-• .•p'3.90 Stand Oil 4.77 •' 3.47 •Equipment- shares---.— Trustee •> 2.98 3.72 4.10 •Trusteed Utility 4.16 4.59 Union shares———.. * Series. AHuron Holding Corp Income Foundation 14c 1 Fund 1.37 18.46 • 19.85 2.10 Incorporated Investors—_5 Independence Trust Shares 1.50 9.15 79c Bank Group shares——; 1.19 23,31 A Investors Fund C——.—1 11.21 11.47 AFirst Blair & Co_— Boston Light 3s Commodity Credit Corp— tlVaYo Feb 15,1945 u S ■ 102?4 10?%; Delaware 104% 104% 108 ?e 108% 100% -—1953 1973 100.1 100,3 100.7 100.9 %% 1 % 100.8 100.10 17.58 1.55 16.87 .. i- / . 15, 1944 Sep 15, 1944 fSept. 15, 1944 Mar 15, 1945 _— —' ' Corp—..I—-10 100.21 3A% 99.31 100.18 100.20 1945 1%% 100.14 100.16 %% 99.22 99.24 % 99.31 1 1946 31% 33% Trust .12 90 >/4 35% 4% 100 1,250 . 5% 1 ,295 Bid Public Service 1973 107 107 % 106% 106 % 104 104% 1972 107% 108% 1973 101% 101% Pugct Sound Pow & Lt— 41%s 1972 1950 3%s (Jacob) vH/% 5s " Elec & Gas— ; — Texas Ask (New Hampshire) 3%s series A— Util 3%s 100.1 100.1 Int. Rate Maturity— iDec 15, 1946—— *Sep 15, 1947 Certificates of 1%% Bid . . 100.26 100.16 100.18 *■■■ b0.25 b0.48 bo.67 i%s May 1,1944—. bo.66 !%s Aug. 1, 1944————~ ' b0.76 t ToS Sept. 1, 1944 b0.77 !%s Oct. 1, 1944 b0.78 J%S Dec 1, 1943—t%s Feb 1, 1944 j7/(1S Apr 1 Ask 100.24 lVa% Indebtedness——— — 1944 United States Treasury Rates Ask Cqrp— .1^, 1944 100.2 100.4 0.45« 0.65' 0.64' 0.74' 0.75' 1,1944 100.4 100,7 18, 1943—— Nov. 26, 1943—— Dec. 105%" 107% 106% 106'%' Pnnsma 130 131% 182% . Issuei ' y Onna) 3s, L 1961 s are bO.37 0.32% bO.37 0.33% 0.33.% 1944_ bO.37 Jan. 20, 1944— bO.37 Jan, 27, 1944— bO.375 0,35% 1943— b0.37 0.32% Feb. 3, 1944— bO.375 0.35% 1943 b0.37 0.32% Feb 10, 1944— b0.375 0.35% Dar value s Odd lot sales, 0.30% subject to all Federal taxes Jan. 13, 0.34% price, d Deferred delivery, r Canadian market, x-Ex-dividend. y Ex-rights, tin default. tThese net furnished 1A' sponsor or issuer b Yield Cash sale—not included in range for year. bonds Ask 1943. 1944..... 0.32% 9,1943 23, 6, 0.32% 16, •No 30, Jan. bO.3 7 Dec. Dec. 0.28% b0.37 b0.37 1943—— Dec 105% 107% 2, Bills Rid Dec. b0.37 Nov. 0.70' at purchase Ask Treasury bills— Housing Authority—i Feb quoted are for discount Bid 3s——^1,-1947 53% 509 21% 3s_——1-1948 195fi-194B;_„—L 100.19 Ask %% JMar 15, U S Conversion 1. Bid Int. Rate Jun tMar 15, U S Conversion Mfav 46 % 199 Figures after decimal point represent one or more 32ds of a point Maturity— tDec. 15, 1945 15.34 105 Lj 3a 36% Quotations For U. S. Treasury Botes % 104% - 103% 1 105,i 1956-1946 103 IV»% 104 —— 1, Trust South Carolina (Indnma)—• 1944 104 1955-1945 —300 City Bank——12% York 100% debs 1943 103! 2 Jan. & Co Inc Ruppert Lt 3s.—1973 Light 31/4S__1973 Power & Power & 15, 31/4S 3s 102% 102% Dec 1% 1% % notes Other 51?-e Ask 102 102% Mar 15, 1 - -——Apt <« 43% United States Trust 5.84 102 iV — 33% „20 1,450 7.97 4s .1964-1944——— 1955-1945 _25 Co coin—20 preferred UP) 3.05 13% 100 1,445 Manufactures Trust Conv 2.97 12% _10 1,410 Powei^3%S—1968 Calif Elec Federal Land Bank Bonds— 1946-1944—— —L100 — 86 ?4 77c Bid tlfe Guaranty Trust Irving Trust Kings County Trust Lawyers Trust 155 33% 21.13 15.60 Ask 100.7 • ■Ask Bid 140 25 24.49 16.08 . 1 Reconstruction Finance 100.5 100 New .1963 Obligations Of Governmental Agencies Bid Trust Title Guarantee & 5.34 — Banking Corporations 1.08 Par Fulton West Investment 21.44 Gas Public Service 10.03 America—_10 of 33? 8 Public Nat'l Bank & Trust—17% 7:29 Shares A —, Insurance Group shares—'—. 74 18% 19.33 ——i U S El Lt & Pwr 88c 69 31% 10 77 68c i__ Wellington Fund— Aviation Group .shares—. 51 Recent Bond Issues Atlanta 43 c Stock Fund B-L—— B 48% 46% 23.75 series A—__ Union Preferred Stock Fund •2.37 Ltd-r- 4.83 37% 6.08 .25c Fund C .Union _10o Common Securities 26c Inc 67% 4.68 35% B^nk ShS-4- B Series • 37% 129 64% -100 — 8 17? 5.48 Industry Shares-t_ .25C Bond 100 3?/4s series E 1 Class B——: 4.30 Tobacco shares—— Bank National 2%s 2.04 _-i_. ;—1 Trusteed Amer 123?i 73 — 2.14 Sharesf_ii_. 50% 55% 23 U S Fire National Panhandle Eastern Pipe Line-— ; 40 43% Trust—10 Exchange Bank & Trust.20 Empire Trust '—50 Iowa 2.17 i_. - 230 220 100 — Bid 6.3G Super Corp of Amer AA_i_ -Ill Stand Invest Shs-i- Low Price Shares . 48% Fidelity & Guaranty Co„2 Morgan 9.70 5.75 Trustee 5.08 100%. 34% 10 3.96 i_ .—1 Investing 92 ^13.55 — Continental First ■ Selected Amer Shares—i 46% 87 10 - 3.71 3.59 100 - 88.88 8.90 •' 1 23% 306 3.41 87.12 Trust 49 5.90 —10 Ask 20 Vi Commercial National Bank & 12.81 28 21% 296 City Banks & Trust Cos. Par Co.—10 Chemical Bank & Trust 44 Shares—^.L .100 ,'''; 38% X26 -.10 -02?<j 16% Z 7 a 1 Chase National Bank 2.13 5? Standard Accident Travelers Central Hanover Bank & Trust 20 2=00 ....10 U S Guarantee- - "2.50 Plymouth Fund Inc_10c.!.• Putnam (Geo) Fund——_I— l 15% 60 % 29% 2 Westchester Fire Brooklyn Trust 1 14% 47 Bank of New York,. Bankers Trust "2'.5(i Seourlty New HavenSpringfield Fire & Marine 98 ?4 5.92 ; 44 ? i 36 Va 30% X5.37 —-i— 1 \ Seaboard Surety— 10 ., Fire- 44 Steel 1956-^—__—„_i— 1 19%; (NY) Paul Fire & Marine 93% Bank of the Manhattan Series St 27% 8 6.52 Series. 1955 Revere 49 Vi 10 Fire xo.92 •Series 1953 29 10 88% 15% ... (Texas) Home 4.59 38% Republic Hartford Steamboiler Inspect.„10 7.67 'i" 13% 62% - 6.40 North Amer Bond Trust ctfs North Amer Trust shares}"", Reinsurance Corp 8% —8 10.29 -Li.—— 91% (Paul) 48% 84% Providence^Washington 42 5 93 110% 46 % ..-.3 17% , 08% — Preferred Accident 66'% r 5 % 105% 46% Ins. com. X4.16 - Phoenix 12.50 27 —— — Hartford - 4 10 preferred American— Hanover 43% River 12% —5 — X3.36 • — 59% 145 Fire 87% 5 X5.81 ; Railroad :• 62 % t :li. slock 9.10 3s 33% 44 % 10 XG.32 • — 8.10 Food shares x 31% 5.85 40 9.21 Electrical Equipment 4s —10 139 X8.37 stock New Brunswick —3 10 2nd 29% —10 20 Great 8 % 196 27% York Federal 9.90 7% 186 Casualty- —2 Hampshire Fire 5 Globe & Republic—* Globe & Rutgers Fire 60 % New Fidelity & Deposit of Md Glens Falls Fire 57% 8% New 1.30 of 5% 24 % 22% Continental Casualty Firemen's 7% 4% 21% Union Fire New Amsterdam 87% 5.60 3 7.10 2.81 4 ' 20% 100 Fire Employees Group Employers Reinsurance X9.00 Scudder, Stevens <Si Clark Fund, Inc_ Co Camden 2.47 - Y (Detroit) —10 10 Boston 4.39 Railroad equipment—^ •■r x82% N 49% 10 8.60 5.82 6.10 Investment 25 ?4 8 Fire Assn of PJaila— Oils : 7 2Va & 5 73 Va 46% —20 8.60 6.90 Institutional National — Merch 6% 70 —_a 43 X7.87- 6.14 Steel 617.'i 40% X5.28 6.27 RR 59% 10 f 5.58 Petroleum 25 Automobile Baltimore American Corn shares—— Railroad Surety 5.99 89.60 37.30 1.17 —.1— — Quarterly Inc shares——^ bond American National Fire—— National Liberty 6.57 1 Inc— V 5.54 General 16% 3.40 l Chemical shares Fully 15 % 9.85 _* Building shares—i-—, Aviation- 10 ; —— ' Automobile Reserve— ' Group Securities— Agricultural American : 21.24 4.47 B 3.96 Casualty 12.38 Metals 4.23 General Ins National 11.49 Machinery 1.84 3.55 Invest Fire 16% Franklin Chemical 17.98 Fundamental Trust Shares A„2 Fundamental Monarch 14% Bank 30.78 . 9.08., Slxares A—1 Foundation Trust 57% 10 General Reinsurance Corp—8 Gibraltar Fire & Marine —10 Building supply. •30%. 16.70 Fixed Trust Shares Ajl——10 54% Re-Insurance 6.73 Automobile 12.36 29%" Financial Fire 2Va American 6.90 Agriculture 21.15 >11:95 1 • Mfrs American of Newark 9.43 4.54 Insurance 1 Equity Corp $3 conv pfd-; Fidelity Fund Inc 10% 12.70 9.57 ': England Fund 1.25' Equitable Invest Corp (Mass)_5 Merchant Fire Assur 12 ?« 6.08 York Stocks 5.85 1.13 '—I Fund-—'-—' 20 Vb 12% Equitable- 5 10 5% Fidelity & Casualty_5 5.81 Electrical Stock 18% 8% American 4.09 series-— New •. > Eaton & HowardBalanced Fund——— 11% —20 — American Aviation 25c — 10% Casualty Massachusetts Bonding ± •. 2.60 — - Dividend Shares Maryland 7.32 . "■•.3.45 ——1 C;:w^ >• , . Jersey Insurance of N ¥ Knickerbocker 23% 6.66 20.08 18.57* _—1 Diversified Trustee Shares— ','.: 81 21% 19.55 Securities— «'••• New 4.48 4 • Delaware Fund— 40% 35 77% Bankers & Shippers Preferred stock series 33% 37% 33% pLow priced bond series-! '< 15% 83% 10 ':h Ask 13% 81% 10 7.82 Fund-! 1 Fpnd Inc_/_„10 Bid —10 25 Alliance 3.99 2d Low priced stock commdn Bond series 1 31% Fire Insur Co of North America- —10 Agricultural 36.55 voting shares—25c Income ■ 18.36 Security Series—l;Z'-ZZ 29 % P»? Homestead Vz American 87.81 He series B shares-! (Md) 111% • Invest (Colo) 56 24.67 5.46 i 1 National Investors Corp__i National v • r ' preferred-^—100 A73> Mutual 37 2.7% 1.19 >• Insurance— Investors Nation-Wide 2.56 t % preferred———100 Forster 4.79 Fund Mary/and Fund Inc—_v_i Mass Investors Trust—-! 2.56 & Forster common—10 A8% & • 2.14 2.14 * —1 A Crura Crura " Life 54 3.57 Looinls Sayies Mut Fund-/ * Loomis Sayies Sec Fund_^ 10 Manhattan Bond Fund Inc— Common ___10c Mass __iq Aetna A«k 143 '-3 11.53 _i- ^ Knickerbocker 2.26 1 1 %' Accumulative series—-———1 AA 145 ■; 4.41 1 % 35 Consol Investment Trust Series 2, 250 140 1 Corporate Trust Shares Scries AA- 10.07 9.31 v com.—100 2,150 Securities 14.94 1 Century Shares Trust—. Christiana 16.66 27.73 -• 1 — Ltd Fund Inv 104.69 15.49- 24.65 American Casualty Bid 135% 10 22.44 S-3— Fund Inc 16.76 Surety- Aetna 8.65 4 Inv 9.30 : 16.70 414 Bond- Bullock K-2 3% Broad Street Invest Co Inc__—5 18.92 15.28 I 1 Industry Shares-- Boston K-l ——— —5 10 Basic 27.91 17.25 ;■ B-3 Series S-l_— Series S-2 preferred A6%> 25.43 Par Aetna Casual & B-4 Series Bankers Nat Investing— A Common 29.07 8.47 B-2 Series Scries ;; 6"/« 3% 27.77 B-l— Scries 3.40 13.17 Ask Keystone Custodian Funds- 23% 22% 1 Foreign luvesting.lOc Assoc Stand Oil Shares— 2 American Bid Par 6.84 IV4 Affiliated Fund Inc Insurance Companies Ask AQuotations Y.Y... . ';/%Y: Y Y^'THE COMMERCIAL & FINANCIAL 1972 The Vv U,YY' Y-Y ■ CHRONICLE 0 Y"\V Y • ■ ' Monday. November 15, 1943 Capital Flotations in the United States During the Month of October and for the Ten Months of the Calendar Year 1943 Of the October Corporate capital issues for the month of October, were the largest of any month since June, 1942, the aggregate amounting to $127,335,693. The activity in 1943, field this followed immediately new total, $40,673,226, or 31.9% represented and $86,662,467, or 68.1% was for refunding The trend of the market towards refunding purposes. issues has continued month Type of Security Dated Aug successful Third War Loan drive which got under way Sept. 9 and continued into the early part of October. Public utility issues predominated with most of the offerings going for refunding purposes. Total utility issues amounted to $49,812,500; railroads aggregated $27,929,000, while other month without inter¬ ruption since the first quarter of this year. There was only one issue placed privately in October, 250,000, industrial and manufacturing 9.4% 4 the tion was stock. common The nia industrial combination of debentures one . principal utility issues Electric shares of Power 514% Co, first and 40,000 bills preferred stock, $15,000,000 Light Co. first mortgage and collat¬ eral trust 3s and 40,000 shares of 4%, preferred stock and $7,500,000 Atlanta Gas Light Co. first mortgage 3s and 20,000 shares of 414% preferred stock. Railroad issues were made up of $15,000,000 Illinois Central RR. 2y2% equipment trust certificates and $12,929,000 Phila¬ delphia Baltimore & Washington RR. general mortgage 3s. The principal industrial issues were $20,000,000 P. Lorillard Co. 20-year 3% debentures and 374,391 shares of common stock, aggregating $5,241,474, and 150.000 shares of $4 preferred stock of McKesson & Robbins, Inc., totaling $15,000,000. CORPORATE 1,005,236,000 906,813,000 1,002,333,000 905,310,000 989,000,000 2 Ctfs. of indebted... 1,559,000,000 aggregating $14,- Aug 1 Aug 10.1% or This compares with five issues of the month's Below October total Savings %Y. January...-.—.... 5,179,816,000 2,425,749,980 904,992,000 96 887,000 Treas. bills 1,004, 913,000 908,689,000 96 224,000 Treas. bills 1,008, 342,000 1,000,489,000 91 day Treas. bills 1,005 381,000 30 1,006,051,000 670,000 91 day bills 1,002 901,000 1,005,718,000 2 817,000 15 7/a % indcb. 4,120 000,000 Sep 15 Sep 15 Sep 1 Sep Treasury Bonds Treasury Bonds U. S. Savings Bds. Depositary Bonds Sep Tax day Treas. 9 91 day 16 91 day 23 Sep Sep Treas. ctfs. of for 5,260 000,000 91 day Treas. Oct 14 91 day Oct 21 91 Oct 28 91 day bills New Capital Total Refunding $ $ $ Y :/ 4,825,939,000 1,006,931,000 1.003,063,000 Treas. bills 1,004,964,000 1,001,159,000 3,805,000 day Treas. bills 1,000,798,000 1,003,709,000 t2,911.000 Treas. 1,008,064,000 Oct 15 Ctfs. of indebted.- Ctfs. of indebted... 1,963,427,000 Sep 15 75,609,3\5 118,294,42* 227,012,100 86,634,370 115,287,655 143,238,764 351,952,885 186,112,817 617,987,420 20,784,940 74,902,000 95,686,940 18,527,000 39,469,665 107,180,735 63,874,177 197,102,123 quarter 113,390,374 204,307,159 $ 44,743,680 73,364,291 103,841,600 5,806,500 115,641,003 109,648,100 95,812,568 125,811,993 76,827,430 61,685,570 138,513,000 79,404,976 215,458,248 294,863,224 277,783,033 86,019,070 363,802,103 263.287,476 413,763,681 486,497,154 229,257,834 715,754,988 380,373,444 — 19,174,700 65,579,800 84,754,500 27,509,976 32,719,350 60,229,326 47,069,170 — 22,403,704 79,311,000 101,714,704 58,600,000 6,018.000 64,618,000 9,875,000 55,165,000 65,040,000 28,445,586 30,436,500 58,882,086 251,509,204 <114,555,562 69,173,850 183,729,412 408,736,626 September Third quarter.. 57,687,000 1,127,794*000 51,453,404 . 200,055,800- 1,626,007.000 1,708,163^250 30,208,500 30,208,500 460,690,000 460,690,000 „ Antic'n Notes. for October 12,573,270,750 $ 275,687,665 194,260,627 150,476,205 July August—.; 1,578,537,000 57,687,000 Bds. Tax Total 328,616,342 for ten 7.159,658,000 5,413,612,750 months____100,425,411,764 39,683,336,000 60,742.075,764 •intra-government 1913 Total for six 417,673,232 611,933.859 Retired Y-Y- $ months— Net Issued Y'-;.:." $: V $ 6,966,487,000 5,127,196,000 38,000,000 566,347,00.0 90,000 37,910.000 19,013,000 547,334,000 604,347,000 19,103,000 585,244,000 ; Notes 1.035,660,652 1,416,034,096 Total for 86,628,380 133,697,550 327,402,743 74.427,157 401,829,900 161,391,300 195,656,013 July Certificates 34,264,713 Notes 322,446,837 financing Issued 1,839,291,000 JulyCertificates Second Savings 5,245.000 ' r . 1,963,427,666 1,626,007,000 1,127,794,000 1.708,163,250 Y.YYY'::YV..;-'YY 28,620,611 — S. ,/cy.Y Yy.Y 260,976,300 90,916,785 " 29.999,425 MayJune U. Depositary Bonds 146,650,400 97,114,003 : 1 804,100,237 79,085,120 208,714,121 Treasury Bonds _Y 201,922,025 18,900,500 118,900,457 Treasury Bonds Y, Treasury Bonds Y 15 273,561,870 39,209,300 56,708,875 47,829,228 15 Sep Total 46,549,770 13,195,000 71,071,229 Sep 3,868,000 1,002,819,000 1,578,537,000 15 17,640,404,619 Total $ 1,865,000 quarter. Refunding 99, 365,500 22,466,343,619 Oct 52,928.677 85,128,964 95,390,457 Capital 2,259 996,000 bills Oct $ 72,920,126 38,447,228 New 1,926 566,119 Oct Date) 158,049,090 10,315,000 56,943,229 April— Total $ 7,517,000 —:- First Refunding 5,260 ,000.000 3,777 000,000 99, 365,500 2,259, 996,000 September 7 4,120 ,000,000 1,926, 566,119 _ Total 7 853,000 3,777, 000,000 : Antic'n Notes., Oct *1911 11,330.000 March to 22,235,000 1,001, 879,000 of —*1942 2,798,000 February (Revised 213.470.400 7,605,565,980 ... 91 Sep present a tabulation of figures since -^Janu¬ showing the different monthly amounts of corporate financing as revised to date. Further revisions of the 1943 figures will undoubtedly be necessary from time to time, particularly as additional private financing is brought to light in annual reports and other places. 1941 801,732,586 bills 2 Sep we 1943, 1942 AND 97,023,000 1,559,000,000 22,235,000 213,470,400 _ Notes August.. 98,423,000 989,000,000 801,732,580 Bds. Antic'n Sep 1941, ary, S. Depositary Bonds , Tax Sep when $10,899,995 was $16,589,990 compares with $20,530,382 in September and $38,075,880 in October, 1942. The October, 1943, figures are exclusive of the Philadelphia (Pa.) bond exchange program. Of the month's total $5,364,190 was for new money and $11,225,800 for refunding. 'Y,;; 3 The U. , Total for month since April, 1933, any recorded. 1943 New Capital 99,852,000 bills BY MONTHS FIGURES 906,987,000 bills Oct OF 104,0x4,000 indebted.. amounting to $12,929,000, August— YY Total 731.183,463 303,000,000 - for 463,343,276 665,272,885 601,052,716 298,431,684 899,484,400 789,110,070 40,673,226 86,662,467 127,335,693 2,434,300 43,845,700 46,280,000 103,661,200 97,050,220 November.. 200,711,420 6,679.000 13,330,876 20.209.876 89,427,250 42,384,100 December- 66,328,990 81,046,000 80,002,863 59,061,554 139,064,417 Total Fourth quarter- 23,830,310 123,705,566 147,535,876 273,091,313 198,495,874 471,587,187 624,883,026 147,691,000 461,768,000 11,077,000 450,691,000 October— Twelve months. 11,077,000 131,811,350 14,717,010 303,000.000 158,768,000 August.—. 201,929,609 1,358,107,489 2,147,217.559 SeptemberCertificates October— > _Y 32,000,000 422,137,250 1,047,020,276 1,062,201,383 1,556,603,363 2,618,804,746 > for 31.800.000 515,885,000 t221,536,000 326,349,000 September 200,000 294,349,000 Notes Certificates • 516,085,000 1189,736,000 11,070.000 123,154,000 < Notes 28,000,000 ___Y 28.000,000 134,224,000 •Revised. Total for October... Date Treasury Financing in October The Secretary of the Treasury announced on Oct. 6 exchange offering of securities to holders of 314% an Treasury Bonds of 1943-45 called for payment on Oct. 15 Amount Applied for 162,224,000 11,070,000 151,154,000 8,521,175,000 5,684,531,000 2,836.644,000 Amount Accepted Total Offered Dated Aug 27 Sep 1 Sep 2 91 days 1,177,631,000 1,001,879.000 99.905 ♦0.375 Sep 9 91 days 1,281,212,000 Due Y '.-.: $ Price Yield % Y: for ten months.^.. ♦Comprise sales of special series certificates and notes; certificates to Adjusted Service Certificates Fund and Unemployed Trust Fund, sold and notes to Federal Old Age and Survivors Insurance Trust Account, Fund, Foreign Service Retirement Fund, Alaska Railroad Retirement Fund, Postal Government Life Insurance Fund, National Service 1,004,913,000 I 99.905 •0.375 of Series Sep 10 Sep 16 91 days 1,535,294,000 1,008,342,000 99.905 ♦0.374 D-1943, maturing Nov. 1, 1943. 2%% Treasury Bonds Treasury Bonds of 1951-53 were of¬ fered in exchange for the 314% Treasury Bonds of 1943- Sep 17 91 days 1,498,766,000 1,005,381,000 99.906 ♦0.374 Canal Zone Retirement Fund, Sep 24 Sep 23 Sep 30 99.905 ♦0.375 Savings and to holders of Certificates of Indebtedness of 1964-69 and 2% Holders of Certificates of Indebtedness of Series D- 45. 1943, maturing Nov. 1, 1943, Indebtedness of Series offered Certificates of were F-1944, with adjustment of interest as of Oct. 15. At the same time the Secretary announced the offering of an additional $1,500,000,000 or thereabouts, of the 2% bonds of 1951-53 and also a an 91 days 1,337,648,000 1,002,901,000 S 9-0 2 Sep 15 11 mths. 4,120,000,000 S 9-0 2 Sep Sep 15 8-10 yrs. 5,260,000,000 4,120,000,000 100 5,260,000,000 100 2 15 20-26 yrs. 3,777,000,000 3,777,000,000 100 Sep 1-30 Sep 1 10-12 yrs. Sep 1-30 Sep 12 years 99,365,500 Sep 1-30 Sep 2 years 2,259,996,000 Civil Service Retirement System, 2Vst S 9-0 2 Total for 1,926,566,119 September—...,-: 1,926,566,119 Life % a b Savings Fund, Federal Deposit Insurance Corporation, & Loan Insurance Corporation, tNet retired. and a 99,365,500 100 2,259,996,000 100 Insurance Federal ;Y- 2 Details Of New Capital Flotations Y 22,466,343,619 During October, 1943 Oct 1 Oct 7 91 days 1,239,489,000 1,006, 931,000 99.90& of Oct 8 Oct 14 91 days 1,185,062,000 1.004, 964,000 99.905 •0.375 F-1944, for cash to commercial banks for their Oct 15 Oct 21 91 days 1,413,861,000 1,000, 798,000 99.905 ♦0.375 Oct 22 Oct 28 91 days 1,286,529,000 1,008, 064,000 99.905 ♦0.375 con¬ Oct 6 Oct 15 11Va ms. 5,386,065,000 100 by the Treasury last month. Sales of Savings Bonds, Depositary Bonds and Tax Anticipation Notes 1,578, 537,000 Oct 6 Oct ;5 IIV2 ms. 1,963,427.000 1,963, 427,000 100 Oct 6 Sep T5 21-26yrs. 57,687,000 57, 687,000 100 Oct "6 Sep 15 8-10 yrs. 6 Sep 15 8-10 yrs. like of amount Series account. own %% This Certificates the only was of Indebtedness special financing ducted credited cluded to in the the Third War Loan following Treasury in its statement in tabulation as of TREASURY Date Offered Due S 1,626,,007,000 100 chase price 1.127,,794.000 100 2 loans ($10,515,000 >. the 1,708. 163,250 a a according to Oct 1-31 Oct 12 years 30,208,500 30, 208,500 100 2 Oct 1-31 2 years 460,690,000 by Total Jun July 30 for six July months— : Price Y: Y: % [ 49,746,876,044 1.175,078,000 1,001,757,000 99.904 ♦0.375 ,92 days 1,344,535,000 1,000,411,000 99.904 ♦0.374 July 16 July 21 92 days 1,520,429,000 1.003,796,000 99.905 ♦0.374 July 28 92 days 1,373,786,000 1,002,819,000 99.904 ♦0.374 July 12 4 yr.2 July 1-30 July 1 July 1-30 July for 10-12 yrs. 19543,543.500 889,690,821 12 years July 1-30 July Total mo. a lVa Y 414,032,550 100 \ b for ten months... & 100,425,411,764 ♦Average rate on bank discount basis, a 4 92 days 1,408,809,000 1,005,720,000 99.904 days 1,431,223,000 1,006,839,000 99.904 ♦0.374 Aug 13 Aug 19 91 days 1,420,407,000 1,005,236,000 99.905 ♦0.375 Aug 20 Aug 26 92 days 1,277,910,000 1,002,333,000 99.904 ♦0.374 July 22 Aug 2 1 year 5,484,000,000 989,000,000 100 July 22 Aug 2 1 year 1,559,000,000 1.559,000,000 100 % % Y Aug 1-30 Aug 110-12 yrs. Aug 1-30 Aug 12 years 22,235,000 22,235,000 100 2 Aug 1-30 Aug 2 years 213,470,400 213,470,400 100 b A-1945 and series B, about 0.48% inated June C-1945. and 22, Series series C, A earn about 1.92% a year, about 1.07%, Sales of tax series A to 3% Inc.; Otis & Co., Inc.; R. W. Pressprich & Co.; A. C, Inc.; The Illinois Co. of. Chicago; L. F. Roths¬ Co.; Graham, Parsons & Co.; 'stifel, Nicolas & a & Inc.; Co.; Equitable term¬ 1943. Securities Hornblower & Hutchinson Lowber Stokes & Morrow series & and Co., ♦12,929,000 Philadelphia, Co.; Hlrsch, Corp.; Weeks; & First F. S. of- Lilienthal Michigan Yantls & Corp.; Co., The First Cleveland Co.; Walter Weil & Stokes & Arnold. Co.; Watkins, \ Baltimore & Washington RR. gen. mtge. 3%. bonds, series E, due Oct, 1, 1978. Purpose, refunding. Price, par and int. Sold privately to Equitable Life As¬ surance Society of the United States. OF FUNDS , Total Amount Security Dated Accepted Refunding s months— New v. Indebtedness x $ / 49,746,876,044 19,101,944,000 30/644,932,044 $27,929 000 PUBLIC ; %,$7,500 000 UTILITIES ' Atlanta Gas a July 7 92 day Treas. July 14 92 day Treas. bills 1.000, 411,000 803,925,000 July 21 92 day Treas. bills 1,003, ,796,000 905,584^000 bills July 28 92 July 12 Treasury July IT. S. Savings Bds. 1 day Treas. bills July Depositary July Tax Notes . Bonds- Antic'n Notes 1,001 ,'757,000 1,002, ,819,000 804,717,000 197,040,000 Light Co. 1st mtgfc. bonds 3% series due 1963. refunding. Price, 101.45 and int. Offered by Y Purpose, ?Y Y :'1 Y Shields & Co.; White, Weld & Co..; Kidder, Peabody & Co ' W. Pressprich & Co.; A, C. Allyn and Co., Inc.; ■ , 196,486,000 98,212,000 , , Y Bear, Sons; 901,753,000 101,066,000 2,707, ,264,000 2,707,264,000 889, 690,821 889,690,821 -f. 13, 585,000 13,588,000 414, 032,550 414,032,550 Total for July... - Stearns thony & Co.; Putnam & Co.; Spencer Trask & Co.; Tucker, An¬ Laurence M. Marks & Co.; Alex. Brown & & Co.; Auchincloss, Parker & Redpath; Mitchum, Tully & Co., and Weeden & Co., Inc. 16,000,000 California Electric Power Co. 1st mtge. bonds, 3 '/a % series due 1968. Purpose, refunding. Price, 103'/a and int. Offered by Dillon, Read & Co.; A. C. Allyn & Co.. Inc.; Bankamerica Bosworth Co. 7.605,565,980 0.75% & ♦0.374 92 1 from Y Aug. Aug 12 August yield by Halsey, Stuart & Co., Inc.; Wertheim & Co.; Blair Atwill & Co.; Cruttenden & Co.; Gregory & Son, Inc.; Mullaney, Ross & Co.; Nashville Securities Co.; Newburger Hano; Singer, Deane & Scribner; Stix & Co.; Edward a 12-year maturity, are sold at' 100, and bear 2V2% Interest, Comprised of six separate issues, designated Treasury notes of tax series, A-1943, tax series B-1943, series A-1944, series B-1944, series b Total"for six July 30 Total for to Offered Dempsey-Detmer & Co.; have $ 801,732,580 Priced maturity. Rollins & Sons, Inc.; Corp.; Kebbon McCormick & Co.; Schwabacher & Co.; Alfred O'Gara & Co.; Newhard, Cook & Co.; E. W. Thomas & Co., Inc.; Comprised of three sepa¬ series, of which series E have 10-year maturity, are sold on a discount basis at 75, and yield 2.90%; series F have a 12-year matur¬ ity, are sold on a discount basis, at 74, and yield 2.53%; and series G a rate Type of 8,033,355,371 801,732,580 Co., McMaster 2 Aug 6 E. H. child a 13,585,000 100 i & 12,573,270,750 „ USE 13,585,000 414,032,550 2 years Jul}' 2,707,264,000 100 889,690,821 :i>YY'^ 100 Inc.; Co., July 23 27 YY % Yield July 14 Jun •; 1943 9 ; 460, 690,000 :,Y Allyn & Co., 92 days 7 Oct for October— Total Accepted S 2,/s>% equipment" trust certificates serially 1944-1951. Purpose, pay pur¬ of equipment ($4,485,000), to refinance RFC 1,127,794,000 2 v RR. due 1,708,163,250 Amount -.Y V: Central "W," 1 10-12 yrs. FINANCING DURING Applied for Illinois Series Va of the month. the close Amount Dated $15,000,000 7« 2 Years) RAILROADS 1-31 Oct Total STATES Five % Oct are We give below our customary tabulations; UNITED 5,530,856,500 Long-Term Bonds and Notes (Issues Maturing Later Than Oct shown as ♦0.375 in¬ November 8,033,355,371 3,415,979,000 :• 901, <06,000 of for convertible Delaware Power & SUMMARY $ V 1,005,720,000 1,006,839,000 Ctfs. 600,000, or 14.2% in April; $32,800,000, or 34.3% in March; $8,500,000, or 36.3% in February; and $9,500,000, or 92.1% in January. Municipal financing, which has been on the decline for several months, reached the lowest ebb in October and - 3V2S mortgage bills Indebtedness or 21.9% of the September total, $9,650,000, or in August; $29,412,000, or 34.6% in July; $29,450,000, or 23.4% in June; $1,770,000; or 2.4% in May; $13,- $16,000,000 Califor¬ were Aug 12 Aug 19 Aug 26 $ 2 total. $48,094,combina¬ offerings of bonds and preferred stock issues. There also by Refunding Aug Aug this issues footed up The utility deals were for the most part 143. New Accepted 92 day Treas. 92 day Treas. 91 day Treas. 92 day Treas. Aug after Total Amount . $ money 4,617,376,371 of Miller Co.; Blyth & Co., Inc.; Boettcher and Co.; Chaunte, Loughbridge & Co.; The First Trust Lincoln. & Co.; Neb.; Garrett-Bromfield Hornblower & Weeks; (Continued on page W. 1978) & E. Co.; Hayden, Hutton & Co.; 1 < 2 O c H B C 3 a M o o g w a a o > a Cn > o > n a a o o r w K> ft® n> 00 HH to cr »TJ VO H-l )—i CO to Total 0 0 3,274, 59 $ 17,24 0 r_■i. -193 Refundi g 157,431 8 ~~ Total'. . 17, 1459 510.9 ,0 52.48059 1,50,0 742,1058 3,25a 42,925 235,09 0 10,3 .264 1,50,0 157,4 063 $ 40,37 2 9,20 , 0 148.57,0 6,40 , 0 ~ Refundi g 147,051 8 3,10 , 0 * 3,"40~6O 729,420 6~250,6od $ -193 840, 0 6,250, 0 17,240 • 157,4318 Y i v-g.*•(«, a■. v--■7«»- * • •. Capit l $ New . Total 13,85 62 3720,75 3,274,59 Capitl 21,5305 9,87,0 16,32075 47,2810 -V: $ New 146,270 $ Refundi g 96,250 2 80 , 0 207 5,0 36 ,90 531,250 ~ I_48,l60 New $ Total 97,05 20 34,82 0 35,41 501 167,28 1 ~ • 8,67 ,350 31,650 1,50 , 0 21,530 5 Refundi g 4,0 ,0 73,85 20 15,960 340, 0 2,056,0 Refundi g 43,610 184,70 43,8570 30,645.0 12,36519 86,5 891 $ ~ 1 9,0 0 Capitl 2,315,30 2,43 , 0 New Total $ v-V -1943 CORPATE, 127,35693 56,920 16,589 0 20,84563 Refundi g 59,2860 2^36X87 Capit l New SOUM AFRY 92,579.0 28.41750 6,34,193 "• $ GONREUPFWI 86, 2467 46,0 0 1.2580 143,98267 3,2804 1,048.63 6,34,193 :_*• ',. CIOSTURNPHIEAED 25,710689 28,14 98 40,67326 6,250, 0 157,4 063 6,057,0 5 :01 .580 427, 50 020 L 4,59 13,69 120 50, 80 207,34.50 5,0 0 31,5970 1,09 ,780 7,59750 26,197 50 15.28,0 5,894,05 16,28420 921,275 3,42,459 20, 973 6 Total $ L 36 ,90 427, 50 148,10 1,09780 9,0570 47,2810 vf 50.8 80 ,0 0 96,250 2 80 ,0 1,540 460. 0 214,0 10. ,0 50,2780 12 ,275 9,50 , 0 31,25 0 2, 0 , 0 825,0 0 12,70 0 20,71 420 15,960 340, 0 2,056 0 97,05 20 2,70 0 53,6 420 21,39.0 6,240.5 750, 0 61,98 45 460, 0 214,0 12,70 103,6 20 4,0 ,0 74,65820 — - 50,814 5 2,50 ,0 43,780 ~r ' i. 2,50 , 0 9.50 , 0 31,25 ,0 2, 0 , 0 3, 25,0 • Refundi g 9,50,0 31, 60 2,0,0 $ 1942- > 1'84,70 9,50 . 0 2, 0 , 0 1,0 9,70 31, 60 £43,8570 1 9,0 .Capitl ;~YI9,6O 2,315,30 2,315,30 1 9,0 2,315.,30I 2,43-, 0 ~ 27,9 0 38,50 0 26,150 92,5790 1,3250 21,Y4 193 1,50 , 0 34,756 93 27.9 ,0 49,81250 48,09413 Refundi g 12,9 0 38,50 0 7,869,0 59,2860 1,031520 i5,o ~6o 1,32-47 27,36 87 12,9 .0 49,531 20 2,869 0 Capit l 15,0 0 18,204 3,2804 280,980 $ r S -1943 . 184,70 New . -'5."■ 46,280, 0 43,610 825,0 $ 'Total 345, 670 . 2,70 0 54,35420 25,390 80,98275 750, 0 7 ,9641 5 80 ,0 2,70 1lY45 ' CAHARNTDE 10,86 0 5,364,190 56,897416 750, 0 New 46,280 30.645,0 38,07580 15,0 80 • -1943 Capitl 21,390 6,18.70 132,895 ■ 43,780 2~50,0 Total '$ 729,420 ■.-/ 3,42 ,459 6,481,534 9,20 , 0 1,50 ,28 1,8017 50 i5,73 ~176 25,390 79, 70 750, 0 27,150 80 ,0 2,70, 0 10, 0 146,27 0 $ 29,38025 103,6120 SbSftrtGamFaoouhenvicgdyeprndlsmeasyl. FTMOFCAHINVERBRE FGOFOLMAFVRTIUMONEERACQIHNCGMPNDREBGT,R New ;■- 3,4 2,9 5 ' <g 1941 YEARS FYEOIVARS Capitl 147,05i~18 - 3,05V,075 ' 50,25780 2,70. 0 50,935420 42,925 ; ' $ . 17, 1459 10,478 0 20,38^190 1,09,780 7,987,50 39,83 70 65,8160 213. 8,40 5,0 0 47,28190 51 ,0 1,09,780 9,487,50 39,07480 ~ Capit l 15,280 4,093,0 20,71420 34,82.0 64,52 6 30,185946 $ -194 :■i 27,10 0 51 ,0 1.50,0 35,18 0 65,8160 Refundi g 50, 80 198,6570 ^ 5,0 0 26,58750 -1940 12,09. 738,60 257,08 3~50, 0 50,935420 $ Total > $ Total 345, 670 28.05,0 79,6357 453,16034 *; 13,85 62 - ?'■:■r - '■ 6,250, 0 3,42 ,459 : : 38,4019 Refundi g 31,650 137651,40 4 ,720 —- r.: ~42~925 840, 0 '"v 39,07480 140, 90 17,4218 710,36 51 $ -1940 1 0,580 3,0 ,0 New 23758,40 16,35470 S 35,18 0 /:*■' 9,20 , 0 1,50 ,28 Capit l 20,9736 275.86,0 42,176 95 v- 9,50 , 0 3,42 ,459 6,524, 59 9.20 . 0 148,570 $ New .6^94,13 . . ' 167,653 7,39286 15,0 0 280,980 ~ 1,50 , 0 127,35693 1,32 47 86, 2467 : 1 167,53 40,67326 25, 4593 ' : • - obtained LI_' •_ etc. r imanufctrg-.L_w etc. . manufctrig-: ^ etc . I_ ~rL etc. OCTBER boCnanodtedss '_ bonanodtseds : • _ bonanodntesds. stock_ ^ corpate. foregoviegrnmnt^"LGoaoaanvndtc,is SPotaseeisn toal. fdiignfunculrooedstes OFOCTBER BNooteasn—ds aacensodri MIiscelanous 1 SBhNoorot-antTeendsm-ds acesori Miscelanous acesori Miscelanous Governm_5-t2S *MSu&naicpea.ls_,, ;:_i utile.s scectootepa-llr,,, manufces indamuasnnutrfdctlrig bueil:dtncg,s, _ ;Inthtvrreoaustldmdsiinnngg,,, ;- utiles-. sctceeoopatll,,r,manuf induasntrdl bueildtncgs, ;Intvrhetrusoatmlsddiinnng,, _ utiles- sccteeootpa.l-l,,r,man:uf indausntridl buieldntgcs., Intvrethusrtoamslddniinng,g,, ; utiles sctceoeoaptll,,r,manuf.- aacnesdori indumasatnnrufdlctrig ——buei;ldtncgs, Itntrvhreuasotmsdldinning,g,,M:iscelanous csoerpcuriatte-* OF Long-term Short-em Prefstoreckd Comstocokn Long-termShort-em Pre;fstroeckd Long-term Short-em Pre;fred Comstoocnk Comstoockn Corpate— Domestic— Candian- foreign- MONTH Other Grand Total Can dian Other Farm United "These MONTH Long-Term Railroads Public Iron, Equipment Motors Other Total Oil Land, Rub er Ship ing Railroads Public Iron, Equipment Moatonr'ds Other Total Oil Land, Rub er Ship ing Stocks- Railroads Equipment and Public Iron, Motors Other L"nd, Rub er Ship ing Total Total- Railroads Equipment — Public Iron, Motors Other Land, Rub er ship ng Oil Total •-o Total s 1,4893 ,50 78.10, 149.3 40 60,13057 79,50 0 1,85709, 7 Refundi g ,24169.7 74,30. 0 127, 629 365,18 79,50. 0 67,50. 0 2,34172,150! 95.60419 1,950, 0 S 1939- Capit l $ New . Total 1,52601,397 8,250. 1,492.680^325 160.4 7 $ 1,50 , 0 Reftmding 1,49.05,37 24.561,0 120.839, 6 3,26,962 New Total S Capit l 378,20.93 1,0 0 50.61,794 65,348 61 418,70 571,68254 2,15,0 $ New Total 1,52970638 S 2,05419,70 37,54.0 185,230 5 74,245 25,3047,294818 30.9,0 73,49 0 317.05, 0 6,250, 0 14.3750 17,30 8,513,0 1,350, 0 158, 0 Capitl S Total $ 421,875 -192 Refundi g 3 0.9 72 0 1,0 .0 7,58 24 2.692,570 '■ . x./a 2.6 1.0 14,0 0 New Total 421,875 485.604, 1,20,0 102,5784 13,69017 18,0 2,1093,81 ;!• : 910, 0 1,306. 0 27,04123 1,530, 0 14,879 5 124,06358 26,503. 2 759.480172 31,50 1,306.0 103.4967 19.50 7,50,20 1.530.- 0 67.34 78 1,59762, 8 10. ,0 1,0 0 27,485.641 1,935,0 4.094,0 46,854.32 875,0 0 1c,o40 . 2.09,780 "T203,61 108.56398 12,758.03 7.640. 0 6.250. 0 4.094.0 87. 1697 12,675.0 1.07,80 1,40.0 2.09.780 1.350 150,98.372: 50,241085 16.427,8 259, 479 36,210 1,27354,89 76.250 6,938,0 ~035_.1 257 125,97.0 28.72,0 50. 0 250, 0 149,3782 ' 10 ,0 > 4,0 .0 640,135 0 365,41079 79,34269 Rcfundi g 107, 5.0 824,6.20 62,40 0 3,498,0 123, 6517 74,5620 27,069.0 4,60 0 57,28 95 Capit l 50 ,0 0 Total 50 ,0 0 5, 0 . 0 2,350. 0 7,0 ,0 204,50 15,960 2,50. 0 37,54 0 19.53,95 124.0 ,957 1,3249 ,632 5, 0 . 0 9 0, 0 7,0 ,0 150, 0 5,241,965 18, 1965 725,06 8 1,360, 0 54,50 $ -19 456,10938 1,50.0 945,764 0 43.60, 48.294, 6 250, 0 30,821.0 1,5.390 69,250 6,938,0 17,32.80 125,970 28.72,0 50. ,0 10,2 .0 2,05419,70 $ $ ' New $ 250, 0 23,160 326,9 .80 6,850, 0 3,40, 0 53,98623 51.43,0 1,203,0 5,40,0 52,91 05 95,0 0 4.65,80 362.08 0 4,20.0 3,0 ,0 250,67 0 128,30 5,47,50 18,20 0 816,0 35 40 ,0 Refundi g 15,4 850 243,619.80 2,0,0 45,963.40 19,25 0 3,42,50 $ 1913 618,390 38,0 0 83,108.43 2.410,735 20,5 0 792,60857 90, 0 37,80bToO~ 380,9 78 Refundi g 452,81403 15,0 0 60.35,60 3,568, 0 18,0 0 50, 5743 90, 0 351,46^0 236, 81 Capitl New SUOM AFRY 603,487016 73,950 325,861 09 Capit l SB New $ 16.257,9 2,50 0 2,753.18 28,4205 2,50, 0 1,16,40392855 ONEFW 1,27084 CHAGARRNOCUTPDEINR 24,602835 26.34,0 14,75106 413,69041 notes.— 29,10 18,4 20 2,0 .0 3,0 ,0 204,71.360 18.37450 2,015,0 95,0 0 98,3195 13,0 157 17.258,035 18,07253 21,8204 10,982 0 2, 0 , 0 A- ' - 2, 0 , 0 _~ -. ■ 1,0 ,0 1,0 ,0 30,9720 ■ 16,4278 148,59267 23.160 349.68720 6.850. 0 3,40, 0 165.023~58 51,43.0 1.203.0 5.40.0 .250, 86.0,967 892,7120 36,84.790 62. 1,065 15,0 .0 2.53,20 9,21,875 126,9305 4,65.80 398.2,790 4,20.0 3,0 ,0 31729fa\065 145.0, 5,47.50 95,6 O 2,53,20 28,1 875 945,76 40 - ":■.'*< 1,20 , 0 17,80 0 485,604 -v 1■ v 3,402.8 4 2,87 ,270. 4.0 ,0 10,28 094 15.4 850 247.02,64 2, 0 , 0 48. 091 20.95 0 3.4 2,50 4. 0 , 0 Total $ 520, 0 13,68.0 273,680 13,250 184,20 17,0 .0 7,21.0 2,05,0 9,73,0 639,08 0 '■• 1,0 ,0 v i Refundi g 76,12.0 259,7 0 10, 0 16,32 403 7,01.0 1,793.0 470,581403 50 ,0 $ -1943 Capit l New $ 5.26,0 14.08, 0 3,250. 0 520. 0 67,83597 17,0 0 150. 0 2,05,0 8,0 .0 168,5079 \ '■;■ ! END and . - and . Govern - governmtGv,Municpcali—tStes,,Posein inncluedet END and ceoptr,manuf acesori and Total Grand Other Farm United * —10 342,7384 . ■ 1,20 , 0 3,48196 59.743 95 15,0 0 2.53.20 5.921,875 16,82956 29,10 15,90 16 2.0 .0 3,0 ,0 264.51 124,57.0 2,015,0 "95.0 0 2,53,20 23,7185 603,487016 ~~ - •ov '— 50 .0 0 37,0 0 " "-*J 38,0 0 16.94,0 1,07,54 93,618 29 '■ ' 15,0 0 15,0 0 14,531 20 4S,06 473 2,0 .0 2.38 .380 1,0 7, 54 45, 765 468,795 ; ■ : 2,50 0 468,795 3,50 . 0 520, 0 15, 978 13.680 291.60,9< 14,26754 314.8 129 17.0 ,0 7.21.0 2.518.795 13,290 792,60857 1,3 2,347 63,92430 76.1 2,0 274,310.52 10. ,0 179,386.7 7,01.0 3,125347 Public Iron, Motors Other Land, Oil 50, 5743 2.167. 53 51,95238 5,26.0 17,291.380 4.267, 34 520, 0 135741.253 17,0 .0 150. 0 2,518,795 10,67 53 24,60835 ;trading,: Boandsj.utiles cceooptal.r,,manuf—acesoriindausntrdl bueildtcn.g:—s, ; :ttrruasding,, . ;utiles—- cceoopatl,r,manufces- ori—^;induasntridl bueildtc.n_gs^,I ttrruasding,, _utiles cceoopta—l,,manufctres oi.induamsantnruifdcltrig bueildtncgs, ■ ttrhruaoedsldintincg,g,., csoerpcuriatte-. MONTHSCorpate— Domestic- Lbonog-ntedrmsShort-emPrefstroeckdComstoocnk Candian- Lbonog-ntedrmsShort&-emPre:fsrtoeckd-Comstoocnk foreign- Lbonog-ntedrmsSho;rt-emPrefstroeckdComstocokn-. corpate. Candian foreign Loaannd Staes toal *fdiTghucroescs MONTHS LBonog-TnedrmsRailroads utiles sctoeall,,Equipment and industral ; bueildtncgs,Rube-r ShipingIntvreustmsn,Miscelanous Other 2,34798. 1 ,3621 13,205. 923,78615 69.40 0 3,498,0 16367,5046! 74.562,0 27.069 0 4,60 0 62.530,86 1,45 7,09 ky'•v'- and ffr 1,5260397 35,710 106.834910 1,935'■,0 5.40 . 0 73.89564 875.0 1,40.0 46,09 159 240,6 513 35.09 0 81.238 10 318.90 6.250, 0 5.40.0 190.3164 132.75,0 8,513.0 1.40.0 3,629,780 1.350, 0 217,946150 3,629780 !; New $ $ -1943 - 31,0460 3,0 .0 24,5610 2.561.0 14,0 0 1,4905,37 5,0 0 Capit l 108.56,398 93,62.397 5,705,0 6,250, 0 40.827 65 1.80, 0 1,07,80 1,350 109,38207 378,2093 Total 1,85709 1.53,71 128,091480 40.638,0. 1,069.72, 4 94,0 0 27.435,129 170,26.53 6,23,420 19.05 0 97,460.571 5,468,304 2,0 ,0 2.680, 0 59I8, 6390 1.275.0 10 ,0 213,90 9,7 9, 10 81,3 017 69.435,0 53.29,67 1,50. 3,90 , 0 2,680. 0 95,60 87 56.48, 7 3.971,580 213,90 2.0 ,0 32,19 10 2,50 , 0 4,510, 0 8615,92060297835 CIOSTRUPNHIAEED CFOGFLOARORPVEENRIGAMTND,T, O3CTB1ER notes—.- notes. agencis&—,. fbuSonftamrtuFdanoiyihceegspddslersyal O3CT1BER Notes— i, *. manufctrig :i- hoeldticng., Notes- ?.; ,manufctrig : ;- hoeldticng., ; : — - r_.wLmanufc-tig hoeldtcin.-g, Capit l S • . • " ' 1,892.7350 342,7 384 360,950 162,43 87. S ' : 5,0 ,0 910, 0 $ 4,0 .0 821.540,68 1,50 . 0 892,71 0 816,013502,0,010,5840 16,382,76 l-.. . s 2,54601f2.7,933758046Governmt. SFTMEAOOHNFDRCIVTSR. FMINUTAMOHCEOPNRDCGLS. New 408,1 3 50, 0 74,30 0 126,47 96 21 / v ' 1,45709 1,25.60 725.06, 8 18.67253 74,60.593 73,92074 - . 213.90 209,472 9 10,730 1,297.40 106,5.0 3,90,0 2,680. 0 123.04,16 27.350 10.950 05.0 129,50481 a'*.. ;*' 1,827 6,30 Refundi g 21.503,62 680,13.90 31,50 73.547,35 105. ,0 7,50,20 49,67930 -190 2,315089467 YEARS F3YEOIVA1RS Rcfundi g 18, 1965 10,59732 802,380 1,3249,632 S -19 9760, 0 1,460, 0 5 0, 0 Capitl 69.4350 46.371 2 8.60,0 3.90,0 35.742184 5.3747 3,871,580 •2,0. 19,850 :245,138 $ 269.832,0 382,49.8 3,20,0 $ ' : 1,3269,17 5,80 ■ -190 v : 68,5390 953.68,243 5,325.0 1.35,48* v - $ 450, 0 31,-0460 59,20 924,30^ 795,64.95 17,45190 68,1532 213,90 ;m• 52,0 0 78,10 13.6 10 2,0 ,0 2,680, 0 60.27,16 1.275.0 10 , 0 97o6,o 9.50 , 0 Rcfundi g 31, 8.0 937,24.93 94,0 0 27.0 16 16.72 53 6,23,420 19,05 0 45,92 0 £>:;«>- i - $ 9,50 . 0 7,260, 0 5 0, 0 10.573,0 984,063 103,5 0 3,90,0 62,79.20 217,0 10,95 0 21.05,0 65,7 0 1,568 30 > _ 245,13.8 4.510, 0 21,63148 59,76 89 1.827 630 35.71,0 Total Short-TemRailroads Public Irsoten,l,Equipment Maotnords Other - Land, oil Rub er Ship ing Investm n Miscelan ous Total Stocks- Railroads Public Irsoten,l,Equipment Moatnords Other —: Land, Rub er Ship ingInvestm n Miscelanous oil _ Total Total- Railroads Public Irsotn,e l,Equipment Moatonrds Other Land,Rub e—r Ship inginvestmn Miscelanous Oil Total THE COMMERCIAL & FINANCIAL CHRONICLE Volume 158" Number 4229 COURSE THE Bank clearings this week will show pared with based ys, telegraphic advices from the chief cities upon of the country, indicate that for States from which it is United of the cities possible to obtain weekly clear¬ ings will be 9.4% above those for the corresponding Our preliminary total stands at $8,028,- week last year. 574,112, against $7,341,612,246 for the same week in 1942. At this center there Friday of is increase for the week ended an the for Our comparative summary 19.0%. BANK CLEARINGS We cannot furnish them today, in as much as the week¬ which Saturday and the Saturday figures are not avail¬ Accordingly, in the above ends CLEARINGS—RETURNS District of 15.6% the elaborate detailed statement, however, which In totals present further below we are able to give the final and complete results for the week previous-—the week For that week there ended Nov. 6. was 1942 9.2 %, the aggregate of clearings for tjhe whole country having amounted to $9,050,373,887, against $8,286,033,992 428,000.000 4- 2.3 229,244,485 240,965.387 — 4.9 137.149,071 130.608.106 + Philadelphia Boston Kansas City the cities District of 19.7%. in ;serve Outside of this 1942, District according to the Federal Reserve Districts in St. Louis 119,700,000 113,600.000 + ; 5.4 San 203,414,000 185,834,000 + 9.5 152,881.825 142,904.695 + 11.7 Francisco 170,697,835 Pittsburgh Cleveland 134,507,339 • 5.9 — ' Baltimore Ten $5,183,282,917 ~+*12~5 1.267,689.415 3.9 + ' cities, $5,873,201,089 1,538,095,685 1.468,411,157 + furnish a $8,028,574,112 $7,341,612,246 + SUMMARY OF BANK 2d New York 12 ... Philadelphia 3d 5th 7 th Chicago 4,781,434,243 in appear issue of next week. our ... the New York Stock Exchange is appended. The re¬ sults for October and the ten months of 1943 and 1942 follow: Description • (Stock, number of shares :. :' .3. ; V- ■- ^v.iv.::r j;. —Month of Oct.™ '■.? .V 1942 1943 13,923,678 ______ v ——Ten Months-—r— ... 1943 15,932,595 1942 Railroad & misc. $201,371,100 $258,360,600 $2,739,946,200 $1,827,960,900 ootids Foreign govern't 7.276,500 8,322,500 100,452,100 101,032,000 228,000 oouds 248,250 2,802,775 6,106,450 3,824,917,798 3,151,007,205 524,168,650 +15.6 517,383,710 481,922,722 242,493,804 +16.8 424,887,195 + 19.3 211,112,061 373,164,305 308,865,768 + 20.8 581,420,144 513,583,024 + 13.2 275,978,203 495,418,275 289,129,831 246,715,345 +17.2 232,855,222 162,251,242 231,552,430 169,638,439 231,161,862 + 36.5 154,486,592 117,621,609 28.9 180,466,523 113,342,332 + 16.7 102,720,053 73,739,639 497,988,301 416,163,316 + 19.7 352,704,726 247,522,274 9,050.373,887 8,286,033,992 + 9.2 7,183,705,334 5,658,219,192 4,444,398,525 4,434,867,856 + 0.2 3,460,229,274 2,606,353,320 841,476,008 759,964,587 + 10.7 559,732,660 449,885,911 4 Minneapolis 7 — «« a *» •« 10 . 11th Dallas 6 — Francisco ;—. 297,964,224 132,313,633 f< 10 - + 408,028,510 317,391,356 . 161,038,941 193,268,936 381,588,980 „ 136.369,716 * Total -.110 cities Y. City—, Canada .32 cities We also furnish today a summary of the clearings for month of October. For that month there was an increase for the entire ■ ': are larger by 7.6%, in the Richmond Re¬ by 2.4% and in the Atlanta Reserve Dis¬ trict by 15.1%. In the Chicago Reserve District the totals show an improvement of 11.2%, in the St. Louis District serve body of clearing houses of 13.6%, $43,279,265,- the 1943 aggregate of clearings having been 139 and the 1942 aggregate $38,109,162,035. Reserve District of 2.0% and in the Minneapolis Reserve In the New York Reserve District the totals record District of 21.1%, a gain of 20.1% and in the Philadelphia Reserve District of 7.3%, but in the Boston Reserve District the totals register a loss of 7.9%. In the Cleveland Reserve DisFederal Reserve Districts : trict the totals the 92,935,511 240,969,094 Bonds 308,490,784 ......17 ___ 10th Kansas City Our usual monthly detailed statement of transactions on 390,774.976 +19.9 <• Complete and exact details for the week covered by foregoing will $ ■■ 5.4 605,907,562 Louis 12th San Dec. G 289,395,535 6 — Atlanta 9th- «» 1940 1941 Inc, or ; 430,381,867 3,987,185,418 10 6th St. 407,256,909 562,846,770 7 — — Richmond . 10 - Cleveland 4 th : 1942 v;v" $ 12 cities Boston Outside N. the CLEARINGS 1943 Reserve 1st- 9.4 Total all cities for week by Federal Reserve Districts; summary 4.7 day one "+10.5 "$6,4907478,427 Tot. all cities, five days All we Week Ending Nov. 6 Districts Federal 8th $16057HlL674 1.307,195,510 3.5 + 95,024,084 98,391,184 cities, five -days cities, five days— Other following .6.1 5.0 In the Cleveland Reserve District by 17.2 % and in the Minneapolis Reserve by 36.5%. The Kansas City Reserve District has to its credit an improvement of 28.9%, the Dallas Re¬ serve District of 16.7% and the San Francisco Reserve week same + 19.0 — but in the Boston Reserve District the loss of 5.4%. a totals city there was an increase of 0.2%, the bank clearings at this center having recorded an increase of 19.6%. We group the in Cfr ; ; 82,790.256,255 325,437,322 438,000,000 Chlcn go • the show an increase of 16.8%, in the Richmond Reserve District of 19.3% and in the Atlanta Reserve District of 20.8%. In the Chicago Reserve Dis¬ trict the totals are larger by 13.2%, in the St. Louis Re- increase of an register District we TELEGRAPH BY 3 943 $3,321,142,828 305.543,714 that appears the last day of the week in all cases has to be estimated. In the Week Ended Nov. 13— located, and from this it are in the New York District (including this city) the totals record a gain of 19.9% and in the Philadelphia Reserve week follows: New York they able at time of going to press. the week ended Satur¬ Nov.: 13. clearings from all day, increase com¬ an Preliminary figures compiled by a year ago. OF 1975 the increase In the Kansas City Reserve District 12.7%,, in the Dallas Reserve District is 8.2% and in the San Francisco Reserve District 7.7%. Inc. October, 1942 October, 1943 October, 1940 October, 1941 or ' U. S. government •• bonds $208,875,600 $266,931,350 $2,843,201,075 $1,935,093,350 Total bonds 6th 13,312,960 15.990,665 7,925,761 8.969.195 13.470.755 8,587.828 U0.r24.024 36.997.243_ _ 79 463.469 quarter— •' 16.270.368 32.406.179 33^553,^lf™^58^2^r 11^.760 2nd 7,229.097 9,667.050 38,964,712 June 23.415,845 7,466,443 10,461.813 J5.574.625 - 917020.949 22,284,837 171.484,418 51,792 091 quarter—-—— Six month? — July 17,872,807 10,874,650 13,546,161 7,614,850 11,940,210 each of the last 2^10,^5 4^,293^618 26,859^880 13,922,678 15,932,595 13,151,616 14,489,085 1943 New. York. 1,425 _r_ 1.873 1.548 2,683 Boston 2,007 2,501 754- Louis— 1,141' 1,181 .Cincinnati. 435 Kan: 830 City., Cleveland Minn. Detroit Jan. 1940 1941 S ' 17,556 16,528 14,813 13,396 11,801 : 23,924 21,812 17,435 5,899 4,956 9,106 7,498 5,720 7,673 4,431 392 290 4,481 4,005 3,343 613 462 8,064 5,139 534 8,886 6,284 356 5,735 4,372 3,744 287 3,548 2,794 2,293 832 599 19,458 10,697 7,377 5,018 2,871 3,052 •2,444 2,184, 1,591 262 ■ . 197 69 156 2,112 720 99 169 . .1,272 626 943 2,204 1,901 1,652 1,398 1,198 1,771 1,604 cities + 13.6 35,849,127,693 28,089,822,837 7.8 18,354,915,139 13,884,910,514 7.1 2,058.557,168 1,790,669,215 38,109,162,035 20,752,101,646 .+ + 43,279,265,139 .32 cities . : . 2,380,831,775 2,550,105,111 Federal Reserve Districts in the ten months for four ; Federal Reserve Districts 10 Months 1st Boston 2d New —14 cities York ..14 + " Inc. or 1942 1943 10 Months 10 Months Dec. <+ 1940 1941 $ ■■ __ _ $ 17,197,241,426 13,859.796,462 11,397,104,916 + 28.9 155,628,358,105 135,091,766,655 15,684,806,262 164,421,021,360 9.6 + 25,020,494,828 + 21.9 10,514,787,949 18,379,826,033 14,409,197,946 6,732,897,112 7,947,173,918 + 33.5 28,507,354,750 22,611,516,337 +17.7 8,688,040,768 6.525,535,694 4.967,060,383 7,900,387,019 -16 " 15,453.681,746 12,676,926,436 -31 " 44,856,498.880 33,603,173,364 7 " 11,827,600,132 10,050,518,986 -16 M + 25.8 5,872,904.729 ■_18 " 11,619,483,136 + 28.0 9,424,752,247 11th Dallas -11 " 8,076,278,088 + 21.6 6,757,977,374 5,473.806,349 12th San -19 " 8,597,544,983 14,874,204,719 9,822,350,314 21,053,781,566 6,835,259,295 17,460,833,749 + 20.6 14,285,663.969 11,486,797,367 421,152,162,714 338,066,951,231 216,158,102,995 177,757,969,960 Chicago 8th St. 9tlv Minneapolis Louis 10th Kansas — _ City. Francisco Total' Outside N. Canada .190 Y. City. cities - 140 1,952, 157 2,253 95 1,281 1,191 296 237 3,145 2,693 277 167 1,801 •287 195 3,851 1,613 3,178 106 78 1,167 •988 656 619 123 • "60. 1,504 1,054* ' 64 55. . , 20.752 add . .32 Cities + 24.6 • 303,907,527,414 252,923,069,723 +21.6 153,974,522.521 122,654,418,339 —„ + 20.6 20,043,041,035 24,168,899,213 17,603,202,765 following compilation months since Jan. 1, 1943 and 1942, the clearings by all Month — Clearings Outside New YorkInc. or 1942 1943 1,732 820 681 58 5 511 19,716,896,037 18,004.715,165 17,830,007,273 22,199,943.035 59.746,846,345 51,286,347,077 21,790,331.975 17,073,968,654 28.915,301,937 + 21.0 March 43.062.841.188 33.410,972.447 + 28.9 116,181,737.904 97,267,759,698 +19.5 — Total 1st quarter..— April. 31.816.342,592 44,296,811,827 + 39.2 :.r: 3,681,629 15,107,194 „ 'Mass—Boston 1.423.829,604 > 20.541,914,434 21,290,406,497 17,244,046,597 + 22.6 18,045,041,692 +18.0 130,049,641,464 98,927,439,091 + 31.5 116,435,104,085 101,359,715,052 + 14.9 Total 246,231,379,368 196,195,198,789 + 25.5 123.369,499,251 103,649,404,020 +19.0 47,378,434,829 39,021,590,325 34,830,918,410 + 36.0 26,569,457,723 18.489,610,174 + 43.7 33,325,966,002 + 17.1 + 15.0 35,605,705,995 + 27.1 20,535,555,873 23,315,790,909 17,861,847,103 45,241,493,053 19,005,007,017 + 22.7 377,872,897,575 43,279,265,139 299,957,789,196 38,109,162,035 + 26.0 193,790,303,756 159,005,868,314 :+ i3.6 6 months- July August—. - September. v Total 9 months—.:— October.—_i_. 22,367,799.239 Total 10 months 338,066,951,231 421,152,162,714 ■"■• +• — 216,158,102,995 + 24.6 for each city for the month of October and the week ended -—•— Inc. or 17?,757;969,960 '4.912.241 : 2.527,482 : Lowell S 1942 +- .. 33,239,583 —39.6 Inc. or $ + 8.9 — 2.5 -19.518,647 19,835,494 +1.7 . 50,251,979 40,559,142, 171,618,332114,583,738 • 2,520,579 • ■ 1943 1941 1942 $ 3.8 782,190 676,766 1—14.0 3,665.198 6,402,191 750,233 2,970,507 + 5,633,289 , : 12,534,804 ^ 5,538.443 22,544,606 13.229,403 + — 5.8 195,538,366 ' ' ' '^61,352,417 — Waterbury !R. N. I.—Providence . K—Manchester 60,481,309 26,735,547 New Haven 28,442.057 7,275,900 •68.541,800 7,395.800 73,420,200 3,357,367 2,884,735 - + 5.3 117,821,866 1.4 656,651,069. " 5.0 $ 711,119 2.248,705 + 10.6 351,369,617 374,811,928 343,617,247 + 2.7 1,527,516 1,525,124 1,422,445 268,615,048 1,142,055 20,922,376 + 1:2 1.6 1,022,310 ."*435,404 "oTe'oii *424,622 23.9 1,633,036 4,890,853 4,458.689 — ; + + 13.9 1,103,399 769,587 3.725,842 1,476,112 4,176,277 ' 2.884,882 619,585,143 6.0 2,701,225 16,391,369 2,269,940 14,653.126 13,713,453 4.5 6,418,051 5,950,498 5,124,733 12,156,957 4,512,873 9.3 10,952*200 + 2.8. ■ 'Conn.i—Hartford 1940 40,803,790 . " 21,239,175 7.8 +21.6 Nov. 6 for four years. Dec. <+ 32,033,589 * 183,005,404 13,396,648,782 157,413,300 14,813,558,914 •41,921,867 21,181,013 8.0 "+" 1.5 2,320,393 2.457.141 • 1.2 — ■ Hotyoke + •Week Ended Nov. 6 Jan. 1 to Oct, 31- 1943 ' Dec. $ 3,725,974 24,994^636 1,548.271,301. 4,985.225 • • . + 21.9 20,752J101,646 ' v Fan River +19,1 + 33.2 34,509,696,885 Total 2nd quarter 1942 $ Me.—:Bangor +16.5 + 27.6 32.601,399,614 ' 1943 + 15.7 + 24.2 42,317,028,545 June detailed statement showing the figures First Federal Reserve District—Boston- ; 43,435.802,092 —i May 28,089 421,152 338,066 303,907 252,923 Clearings at— +14.1 15,408,332,631 17,873,299,281 38,119,462,247 34.999,433,469 952 1,459 2,362. 9.0 February . Dec. :+ $ + 34,941,485,314 January Inc. or 1942 1943 Dcc.r/o $ 5 1,812 -2,269 * covers MONTHLY CLEARINGS 864 - of October— tland Port: 15,107,581,891 • 18,354 13,884 216,158 177,757 153,974 122,654 our _ The 1,327 > 168 38,501 33,764 31,985 25,087 37T.484 300.913 271.700 226,725 26,198 3,864 3,002 32,207 4,778 4,345. 43,668; .37,153 now 1,286,840,541 We append another table showing the clearings by - 490 1,033 + 118 : 371 Out." N.Y.'C. 22,36" 1,771,487,702 " 1,326 206 . 1,749 . 1,593 695 1,444 2;519 55 113 227 , 38.109 35,849 We 179 323 61 pth. cities- 199 .387. 125 7.7 + 22,367,799,239 3,134 131 - + City,. years.. 4,647 465 128- __ 2,076,649,121 4,108 743 6,458 7,637 India nap... Total 635.531,745 2,237,157,563 .190 Y. Canada 3,405 2,653 196 Salt, L. City 828,810.799 6,381 5,186 235 •— 8.2 3,932 9,143 73 > N. 13,694 6,240 * „ -237 372 + —19 . Total Outside 9,660 26,850 19,478 10,833 260 Hartford 12th San Francisco 7th 1-Oct. 31——- 1942 1943 7.050 .138 400 986,170,622 Atlanta 436 263 266 1,067,124,078 6th 10,342 260 . 895,633,228 —11 _____ 790,584,402 , 8,625,745,936 392 216 Seattle 11th Dallas 811,163,688 18,832,417,126 711 Paul.... Richmond. 570.550,778 1,135,271,310 1,322,462,667 14,734,544,452 22,909,727,999 627 Denver— Memphis- 727,957.873 12.7 + 11.9 860 68 Buffalo 21.7 + + 14.1 529 144 Providence. + 1,402,050,107 + 16.4 1,889 ~ Milwaukee...- 838,851,246 1,580,030,187 10,056,779,333 938 281 327 Omaha 1,020,747,817 -18 22,561,376,394 1,127 352. 292 —16 _ City 11,701,879,699 587 1,296: 1,573 Louisville St. Minneapolis 10th Kansas 25,747,062,638 ' ... 2.0 " 539 378 + " 862 • 1,299,899,909 " 763 698 1,325,566,409 __ 9 437 941 _ — Orleans ,/N. 9th Louis -18 2,525 624 929,297,213 2,508,080,678 -17 1,453 1,062 627 1.299,228,592 3,227,066,541 1,136,820,123 1,607,001,294 1,050,305,741 Richmond 1,479 1.048 Fran..' Baltimore.. San 15.1 +11.2 1,998,132,151 2.184,174,509 Philadelphia • Pittsb'gh + 3,778,502,868 2,637,433,420 7.6 Cleveland 1,877 684 1,522,648,272 4,200,074,217 7 ___ 7.3 2.4 4th $ • + 5th cities of the 20,911 17,357 17,494 14,204 204.994 158,308 149,993 130,268 __ Phiia. St. S . + 3d 1940 " 1941 S + 1,242,032,877 shown in the subjoined four years is 1942. \ $ 2,610,806,099 2,537,636,098 1,272,286,360 1,751,885,697 in Monti) of Octobers— (000.000 2,802,144,729 20.1 212,016,504,325 28,003,812,280 statement: " \ ' ' BANK CLEARINGS. AT LEADING CITIES IN OCTOBER omitted) " 106,014,420 153,826,695 77,002,916 ; • + 10 Months country for the month of October and since Jan. 1 Chicago; St. 7,304,820, 7,387.341 bank clearings at leading of 18,013,233,139 9 81,235.027 8.373,550 227,046,416 October.-..— course ' 9,449,934 55,561,99^ quarter N'lne months 1 The 31.314,623 14,985,690 _... 21,633,435,366 1,685,451,704 18,165,119,370 ~ 637720^802 126.966,815 14,251,976 26.324,332 August September 3rd Chicago 26,695^690 35,051,545 April $ " 7.9 — U5.731.788 29,507,254 May ■ $ + —31 Atlanta 7th 12,993,665 '• 1,800,681,677 _ 8th 24.434,084 Dec. ■ —16 of No. Shares $ . 2,729,554,142 _ Richmond 18,032,142 March 1st .17 York Philadelphia No. Shares February .14 $ ■ 1,659,258,574 Cleveland No. Shares of January.... New 5th No, Shares Month 2d 4ih 1940 1941 .14 cities 3d the years 1940 to 1943 is indicated in the following: 1942 Boston — the The volume of transactions in share properties on New York Stock Exchange for the first ten months 1943 1st 2.832,053... 1.4 77,465,900 252,649,971 70,886,200 6.6 720,519,900 695,028,500 3.7 1G,308"200 16,584*600 13,900100 + 16.4 28,097,644 26,645,801 5.4 547,344 575,376 646,207 511,401 407,256,909 430,381,867 390,774,976 308,490,784 — -264,061,378 ' • — — -r-—=+-■ 'Total (14 cities) 1,659,258,574 ' L,800,681,677 ' — 7-9 • 17,197,241,426 15,684,806,262 +.9.6. .5.4 THE COMMERCIAL & FINANCIAL CHRONICLE 1976 -Month of October1943 Jail. 1 to Oct. 31- 1942 $ tnearings at— Inc. $ Second Federal Reserve District--New York— 1943 or 40,641,450 25,858,896 + 11.2 Elmira 4,926,308 5,578,215 Jamestown 5,344,518 4,234,497 20,911,465,900 17,357,060,389 570,363,511 • 384,400,276 67,434,620 Rochester 50,546,998 2,519,515,348 2,204,215,654 —11.7 48,100,993 46,009,54B 26,108,526 28,506,282 5,133,004 5,149.728 Conn.—Stamford 31,177,656 2,286,546 114,291,089 Northern J. N. 169,419,176 Total Third 2,476,431 1,059,174 —12.4 825,806 11.8 11,568.932 8,108,321 2,515,670 Norristown 432,736,900 + 10.0 11,309,959 11,252,852 + 0.5 9,514,602 8,134.125 255,973,468 + 5.7 6,400,106 6,053,452 + 5.7 6,547,297 4.144.94L 49,129,270 + 7.7 17,900,169 19,740,989 3.3 1,108,273,875 + 13.4 6,607,720 6,334,796 9.3 583,461 +12.5 24,568,214 24,915,017 1,331,492,595 1,505,632,588 + 13.2 35,981,028 4,781,434,243 20.1 39,060,453 34,599,874 + 12.9 212,016,504.325 164,421,021,360 + 28.9 559,578 503.521 1.4 21,689,438 17.684.150 29,792,828 + 20.8 .27,443,654 22,690,668 3,987,185,418 +19.9 3,824,917,798 3,151,007,205 . 17.4 + 22,420,146 20,720,350 43,486,183 44,227,412 28.554,692 22,830,121 6.3 v 717,138 695,652 1.7 1,326,321 1,413,765 978.052 512,890 + 1,545,876 + + 8.7 121,132,170 5.6 71,456.434 116,061,882 72,297,774 + 1.2 0.7 23,659,116 23,219,047 + — 4.4 + • y''.... _ — 1,911,767 600,459 559,813 1,588,098 uiugi 501,000,000 395,000,000 1,220,079 1,461,071 " —— + 16.3 25,868,090 23,652,194 7.3 26,850,000,000 23,924,000,000 + 12.2 590,000,000 510,000,000 6.2 62,841,940 59,007,367 + 6.5 1,396,044 + 11,055.807 10,404,540 + 6.3 1,240,130 117,003,062 106,215,769 + 10.2 2,748,944 6.402,239 5,934,882 2,279,046 +"20.6 + 7.9 63,533,240 53,762,370 + 18.2 1,485,650 + 0.8 — 8.9 1,474,378 82,721,843 1,485,934 1,059.828 78,352,257 + 1,985,446 + 9.4 7.6 1,814,813 + 15.016,605 2,199,616 1,273,641 13,060,828 + 15.0 + 8.9 1,775,504 Bois 808,060 Hazleton 742,350 3,291,343 Total—(17 cities). Fourth Federal Reserve + 18,134,000 + 2,802,144,729 - 21,229,083 25,034,600 J.—Trenton 3.322,781 21,517,661 Del.—Wilmington 2,610.806,099 7,596,632 0.9 + 7,123,161 30,945,933 38.1 218,174,700 192,118,100 7.3 28,003,812,280 25,020,494,828 + ; ■■■:+■• --- 5.8 ^ 6.5 — '-.mm ■ mm-. +13.6 —mm~mm 3,358,200 605,907,562 + 11.9 524,168,650 6.1 3,223,007 + 11.8 11.9 98,813,969 82,601,230 + 19.6 80,912,956 59,952,343 195,480,922 167,783,373 16.5 147,624,083 111,717,047 + 15.8 16,313,200 + 20.7 13,056,900 11,590,600 61.522,100 14.1 670,353,800 578,781,900 11.5 34,399,575 34,463,828 7.8 11,829,051 11,787,634 8,870,539 10.667,173 —16.8 88,795,855 102,088,510 16,533,809 16.318,199 1.3 152,533.887 143,094,994 8,307,666 7,315,312 + 13.6 78,804,711 68,749,948 i —' Newark Toledo V v. — + —13.0 6.6 2,938,706 14.6 34,072,674 8.1 380,346,326 325,274.214 1,462,707 + 14.4 15,112,486 13,548,928 —59.1 7,607,337 9,373,369 1,048,299,473 8.9 10,342,293,317 9,106,977,290 + 13.6 11,336,257 + 12.7 125,477,230 105,926,349 + 12,579.938 + 27.9 157,606,193 131,756,349 2,083,738 + 2,527,883 + 16.3 ~ —18.8 16,089.807 - — — 6,800,759 8.320,320 2,723,554,142 + + 6.572.778 11,102,380 2,537,636,098 v «• 76,546.856 94,059,191 77,255,281 7.6 25,747,062,638 22,561,376,394 + v.;'' •' v.'. 4,396,315 400,451,443 - ; 562,846,770 •9,000,000 39,459,657 + 25.4t 258,745,000 + 3.5 2,693,019,588 —14.0 481,922,722 cities) 875,693 673.923 7.5 4,271,000 3,301,000 + 10.6 56,123,037 46,653,604 8.1 2.262,467 2,010,600 + 12.5 1,833,975 1,466,092 95,141,563 88,003,882 135,289,680 80,880,023 0.5 6,240,400,347 5,186,638,679 — + 13.9 + v.% + 11.4 92.088.826 8.8 21,131,431 22,315,269 •+ 1.2 1,639,495,550 + 2.4 11,701,879,699 + + 20.3 10,056,779.333 154,777,534 120.293,655 5.6 40,170.343 36,057,446 + 16.4 1,552,427,555 1,242,032,877 1,272,286,360 + 34.9 6.004,000 77,127,662 — 2,357,026 1,000,441 5,551,000 150.687,580 172,888,943 C.—Washington 1.349,749 85,284,442 2.7 624.590,653 Frederick 239,395,535 242,493,804 — + ' 28.7 111,527,905 75.930,805 + 11.4 36.480.451 33, OIL 517 211,112,061 161,038,941 + 5.3 ;; i +19.3 / ; District—Atlanta— Tenn.—Knoxville 47,615,386 + 52.9 31,143,054 368,311,165 277,989,335 + 32.5 8,298,556 6,607,180 Nashville 172,443,133 163,633,320 + 5.4 1,583,915,050 1,317,831,805 + 20.2 40,294,088 38,262,840 Da.—Atlanta 622,900.000 540,700,000 + 15.2 5,299,100,000 4,418,400,000 + 19.9 139,800,000 114,600,000 " 4.3 Augusta 10,460,620 11,072,721 10,547,383 174,534,269 *9.000,000 142.248,014 13,457,084 9.377.788 253,674,686 193,780,614 20,048,701 21,285,596 8,760,732 Fla.—Jacksonville — Ala.—Birmingham Mobile Montgomery 9,095,815 Miss.—Hattiesburg 12,606,000 Jackson 13,585,686 378,362,259 1,751,885,697 *2,405,000 1,377,578,665 + 34.4 41,031,840 29,990,779 94,258,609 + 41.8 + 22.7 1,851,192,069 43.5 133,636,963 + 30.9 1,843,172,369 1,643,319,735 + 12.2 53,886,035 5.8 207,597,394 180,858,042 + 14.8 4,958,551 3.7 69,565,324 67,607,602 + + + 5.667.690 . 4.536,663 32,037.601 5.3 + 22.0 21,420,527 100,300,000 68.200,000 1,657,230 2.5 2,076,669 10.2 2,091.437 1.379,834 + 36.8 26,391,000 20.261,000 37,930,366 25,561.949 3,283,672 2,512.883 — 2.9 115,061,000 + 25.6 + 10.1 75,755,925 8.0 — — 7.3 124.307,000 16.8 113,238,811 —14.9 28,498,565 7.5 9,542,068 + 7.3 3,548,598,641 + 1,522.648,272 Reserve 2,721,472 *2,650,000 76,808,366 91,345,984 — 352,653,727 cities) 2,653,070 20.6 84,540,946 + 1,384,824 <La.—New Orleans — + 3,325,540 1,280,615 101,516,649 0.7 + 11,629,536 2,828,507 Vicksburg 97,119,397 + 17.2 13,602,000 Meridian 5.5 — 8.715,723 - Macon 15.1 15,453,681,746 + — 100,831,260 m, mm'mm mm mm mm 'mm + «... 38,834,777 . • +. 4,784,716 + 38.8 + 3.6 i + 12.3 mm mm mm—mm/ 26,509,767 + 7.5 8,256,097 + 15.6 247,110 274,954 2,794,343,579 + 27.0 79,345,055 70,384,050 12,676,926,436 +21.9 373,164,305 629,449 ' —10.1 229.813 203.214 + 12.7 65,969,955 47,535,636 308,865,768 + 20.8 275,978,203 193,268,936 616,576 + 2.1 515,546 District—Chicago- Arbor 2,415,184 1,573,319,611 2,679,307 1,296,173,070 7,718,092 7,337,588 21,479,772 . 1 21,888,322 Flint •Grand Rapids . Jackson 3,808,045 V , ; . 25,845,286 16,967,046 Haute 34,818,050 Cshkosh Manitowoc 1.9 211,778,872 34,453,721 119,247,837 63,396,384 48,384,175 38,335,296 38,294,382 + + 9.3 1.5 — — 1.0 240,468,866 215,587,498 2.4 1,281,652,094 1,191,982,426 21,370000 + 25.3 4,160,587 3,600,523 + 15.6 3,136,481 + 3.7 7,402,111 9,018,462 —17.9 7,388,949 0.4 2,733,902 6.359,718 + + 4.8 1,444,901,785 1,272,427,347 31,219,018 "+~~5A 24,309~088 + 4.5 24,376.764 21,455,529 + 13.6 20,581,463 + 7.1 38,558,002 38,451,810 + 138,225,700 •' 640,195 + 15.4 2,356,044 61,687,686 26,768,607 951,863 2,990,051 2.840,168 + 2,234,683 + 10.9 1,873,117,742 19,567,614 21,203,738 + 24,615,980 •1,815,375 27jl8"000 85,799,227 7,751,785 — Peoria 2,462,574 +15.6 125,552,843 2,303,987 23,626,463 —14.3 27,734,000 340,348,718 3,64),993 —„ _ 3,528,156 32,066,000 86,120,606 2,478,885 Bloomington Chicago 3,022,117 7.5 + 11.5 + 157,372,793 2,007,636,211 * „ 7,811,371 6,863,401 —_ 16.1 24,365,810 20,986,276 + 84,060,652 70.201,066 + 19.7 3.4 601,414,521 575,904,383 + 9.8 288,638,216 236,462,530 + 22.1 — + 2.6 9,601,122 9,164,081 + 4.8 5.3 — 30,350,114 28,180,074 + 7.7 22,153,286 20,800,058 7.2 19,478,669,905 17,556,879,643 + 20.7 80,058,675 74,957,807 + 16.1 _ —_— — 2,302,526 15,134,555 7,050,032 4.4 + 1,869,535 + 23.2 1,712,437 13.589,997 5,935,102 + 11.4 13,843,132 1,571,049 10,050,577 + 18.8 4,807,036 3,715,549 ———————— —————— 6.5 616,919 452,204.620 665,037 475,736 + 10.9 370,860 396,646,376 393,482,800 6.8 298.428,405 3,358,075 2,979,341 1,368,309 + 224,051,446 206,239,423 + + 7.4 93,973,444 89,930,577 + 4.5 + 3.0 86.115.264 80.786.079 + 6.6 819,465 + 10.3 8.925,317 8,144,252 + 3,773.502,368 + 11.2 44,856,498,880 33,603,173,364 5,047,058 4,574,993 1,456,425 4,038,640 2,255,379 2,135.445 2,008,635 .1,515.988 2,469,406 2,148,338 1,620,931 1,573,700 581,420,144 513,583,024 9.6 4.200,074,217 ' 5,934,823 8.6 9.007,731 10,487,518 903,799 ... 32,903,316 + 13.8 6.3 + 13.0 + „ 0.3 9,674,384 ——r— — —— + 13.6 10,806,065 Rockford 1,576,465 —————— 352,793,738 926,690 £11.—Aurora 3,630,107 27.2 + 14.4 29,381,016 City + —15.3 59,601.690 Ames 4,157,043 2^36^585 0.1 116,467,830 4,273,019 2,412,486 + 31.0 127,299,441 5,014,976 4,895,253 + 22.5 2,503,647 — +17.7 43,823,786 146,104,140 8,760,707 la.—Cedar Rapids 179,866,938 2.9 + 32.1 800,757 ——————— —19.9 2,407,844 738,918 9.9 9,519,569 3,900,101 — _ _ + 14,828,599 '' 144.927,335 68,588,549 * 43,479,977 8,063,962 Milwaukee 5.2 + 131,707,073 Terre Wis.—Madison 81.9 —12.0 26,095,463 128,541,916 Bend 9.1 + + 25.0 14,353,072 .-South + 10,697,060,636 — • 4,201,491 12,634,946 23,704,248 19,458,104,575 75,354,495 — 5,654,593 4,264,730 - 25,868,100 21.4 + 13,056,596 7,068,606 - 9.9 + — 3,921,629 17,249,185 . Qttleg) + 16.8 + 16.8 + '5.2 + 8,553,367 Md.—Baltimore 49,472,329 267,777,000 3,145,685,073 15,302,561 Greenville — 317,391,358, ' + 21.8 : 7.9 + 11,116,381 Columbia 26.7 + 371,269,631 -C.—Charleston Moines 126,660,739 424,887,195 + 15.9 ■ —14.1 31,557,000 Richmond Watertown 174,239.563 r- ■ 210,192,791 _ 14.1 + 1,819,614 2,773,819 • 3.3 + ; ~mm^m.mmmm 18.5 3.5 74,099,762 — 243,516,947 ■ . 2.268,289 3.014,096 + 16.9 +33.4 + ; 4.7 Xi District—Richmond- Va.—Norfolk Sheboygan 2,877,139 — + 19.6 Va.—Huntington Lansing Muskegon Bay City Ind.—Ft. Wayne Gary Indianapolis 3,771.308 ■ + 11.5 934,496 12,780,538 (17 cities).— 13,510,700 2,181,283 + + 1,141,767,654 Kv.—Lexington W. Va.—Wheeling + 0.1 382,308 - 3.601,743 0.1 1,672,858 - Erie rX ' + 36,826,377 Co. Greensburg Pittsburgh Detroit 408,023,510 + 16.3 + Federal 2,727,000 517,383,710 + + Mich—Ann 4,377,400 + 15.6 + + (16 5.2 + 7,637,694,646 1,231,065 Columbus ? - 3.192,100 135,447,835 4,005,055,557 3,758,216 Reserve ■ 143,667,376 1,327,138 Federal i 2,878,829 8,886,084,562 4,179,727 (9 2,731,557 - 4,481,544,885 + — 70,196.800 Reserve 12.6 9.1 862.976,564 .Lorain Federal + 15.7 0.3 12,884,727 437.384,099 Hamilton Fa.—Beaver —— — " Columbus Youngstown V . + 17.5 15,133,412 435,922,981 941,659,387 Cincinnati •Cleveland Mansfield <:,.;• ;• 6.6 + 234,606.793 1.4 • 'mmmimmmrn'mmmmmmmm 5.6 + 29,239,403 219,401,494 — 9.4 District—Cleveland— Ohio—Canton <31 — 23.7 + 7,951,955 Total 520.493 1,236,444 + 1,910,969 Springfield Sterling 619,324 1,561,243 90.7 5,986,955 7,242,897 Decatur 3.1 6.2 + — 1.9 — + :• 8.2 + 24.6 — 2,368,062 York Sioux 5,790,110 4.5 — — 2,501,000,000 Pottsville Des 5,939,768 2,755,202 Wilkes-Barre Seventh _ 6,358,403 •Scranton Total 4.3 + 610,888 984,996,562 • — __ 2,683,000,000 Philadelphia Reading Tampa 3,051.865.872 52,933,960 + 49.8 2,533,165 Harrisburg Sixth 860,328 .. 270,580,125 262,741,797 — 7.680,670 Lebanon Total 558,390 1,014,254 3,703,476,060 475,803,889 299,167,862 + 12,675,073 Lancaster Fifth + 24.7 + 19.6 0.3 + 20.1 2,814,164 Total 972,042 3,851,166,136 1,181,052 33,000,000 8.4 + 14.6 2,108,800 City 1,212,573 4,605,975,262 i. V 9.5 +13.4 ■ 4.144,115 4,214,425 D. 927,417 __ 3,354,045 3,883,769 W. 1,375,137 39,963,370 29.5 + 11.1 Bethlehem Oil 17.1 21.8 + + t 4,594,043 6,568,834 + + + — 18,013,233,139 Chester N. + 405.8 4.5 + 41,758,481 + Pa.—Altoona Du 5,469,042 + 1,596,903 • District—Philadelphia- Reserve Federal 1940 $ 1,359,191 158,308,981,271 152,555,140 4,029,550 (14 cities) 1941 Dec. % 48,200,000 46,677,213 110,649,488 v 21,633,435,366 Oranges - or 58,700,000 204,994,059,719 — 2,017,092 Newark $ 27,664,173 6.6 + 26.2 27,205,031 J.—Montclair N. Inc. + 14.3 +20.5 + 46,147,309 Syracuse Utica 1942 < + 48.4 63,244,677 9.4 + ' York New 1943 or Deo. % + 57.2 7,217,027 237,700,000 .>—.. Buffalo Inc. Dec. % 8.028,050 Y.—Albany Binehamton Week Ended Nov. 6 — 1942 •'.' '•■ 260,036,595 «. Monday, November 15, 1943 + 33.5 ^ +13.2 495,418,275 381,588,985, **" .Volume 158 -r -■. -nr THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 4 1943-.. Mo.—-St. 1943 or 7,050,747,030 + 10.2 10.8 777/260 + 15.1 8,106,014 281,251,348 + 4.2 2,871,121,500 266,076,781 323,195,698 685,888 658,450 + 4.2 5,018,000 4,679,000 + '7.2 1,325,566,409 1,299,899,909 YY+ 2.0 — + 17.7 Ninth (7 cities) Federal Reserve District—Minneapolis— •?'. ; - St. Paul 216,542,977 - Winona N. 43,151,000 — 1 " .. 2,202,172 +' 13,015,771 65,615,702 Sioux Falls 51,066,129 56,486,120 + 9.5 36,101,000 + 19.5 10,050,518,986 + 17.7 5,735,881,953 4,372,096,821 20,729,326 * 1,952,503,507 21,548,790 17,206,348 1,652,996,770 19,060,182 . 4,602f160 132,912,705 9.1 + +16.0 . + + 13.1 Mont.—Billings Great 7,045,451 — + 7.1 47,542,683 45,241.872 + + 3.0 48,574,631 6,835,259,295 7,992,937 27,303,017 —15.5 Cities) (16 732,772 879,912 —16.7 1,020,747,817 Federal ... 838,851,246 +21.7 Reserve * *"*951~000 "~959~000 17.2 232,855,222 162,251,242 + 4,579,090 + 11.8 4,709,040 5,185,167 112,638,813 + 42.8 99,358,184 76,625,714 53,242,360 41,396,549 "+28.6 ¥77,965 27,153,IO¥ 3,322~675 TiYi 3,589,212 2,684",433 1,450,569 1,632,790 —lY.2 1~2~24,863 922,673 1,774,408. 1 ■" 38 + 3,833,865 •_ ,'r + 13.5 _ " +20.2 9,374,256 8,597,544,989 District—Kansas Neb.—Fremont 50,591,737 111,301,681 57,246,142 195,961,657 4,571,358 :¥./ — "+2~6~.0 246,715,345 ' - +17.9 179,104,355 8,233,969 " Tenth 6,580,397 23,073,442 Falls Helena Lewistown Total + 15.6 6.8 36,075,73a +38.5 1,010,507 +17.9 37,016,510 49,903,777 e + 6.0 +41.1 5,943,848 + 57,400.445 9.6 160,822,894 + 14.4 11,127,197 +48.0 +64.6 88,200,000 5,121,433 + 18.1 . 4,021,146 125,403,518 13,982,000 19,726,000 17,082,402 57,424,049 133,811,377 12,147,336 1,934,000 1,721,866 124,600,000 +20.5 12,330,329 + 1 * + +31.2 . 7,006,941 — - Huron $ + 16.4 — 1~070!000 1,348,000 <£89,129,831 8.3 11,888,919 _ 1940 $ + 28.8 56,359,225 + 11.7 ■; 169,760,785 2,863,000 , ' 1941 2.1 ' 183,853,544 2,835,022 Forks D.—Aberdeen or Dec. ft 132,800,000 + 17.4 1,167,758 Grand Minot +29.6 4,212,864- 5.1 + + "418,08 7 yyy.I 1,¥97,134 1,006,651 5,306,901 4,650,435 "+14.1 5,630-194 4,043, 772 231,552,430 169,638,439 + 36.5 154,486,592 117,621,609 w 9.4 8.5 +25.8 City + 15.1 948,927 1,092,190 9.095,367 6,570.396 4- 38.4 226,180 236,490 17,035,461 15,612,805 + 9.1 171,478,331 144.774,958 + 18.4 + 16.1 263,360,554 + 24.4 3,052.313,618 2,112,504,487 + 44.5 4,062,506 75,739,326 3,498,239 327,749,940 3,190,512 2,745,368 1,020,882 1,139,307 —10.4 61,549,013 10,597,831 11.142,949 + 23.1 43,147,452 32.068,385 2,734.419 - Lincoln Omaha - i, 11,827,600,132 +13.8 + + 10.0 + 8.9 464,892 D.—Fargo B. 1 .507,138 15,099,630 • — 1,613,497,314 4,973,309 5,447,941 : 0.8 + 196,891,815 2,399,171 Fergus Falls Inc. + 10.1 8,276,318 +29.5 2,167,543 Rochester 42,847,675 > 539,050,515 2,466,521 Minneapolis , 1942 $ 171.100,000 ' 20,564,857 VT ' $ < 20,735,424 698,149,682 Minn.—Duluth 1943 + 19.5 2,444,928,404 . 1,801,838,595 , .C.* Total or Dec. ft 5,899,894,966 47,188,052 + 894,672 292,970,051 111.—Jacksonville Inc. $ ■ ■ . 684,698,950 4,639,203 5,139,708 -Week Ended Nov. 6- 1942 $,"• Dec. ft '■ i .. 754,781,309 Cape Girardeau Independence Ky.—Louisville Tenn.-r-Memphis Quincy $ Louis— Louis Inc. 1942 ' S Clearings at— 1977 -Jan. 1 to Oct. 31- -Month of October- Eighth Federal Re 1-^.^ ,',^ _i__* Kan.—Manhattan Parsons 1,293,261 15,551,016 —16.7 10,883,703 + 23.2 126,803,638 107,732,848 + 17.7 2,810.564 2.909,790 3.4 22,534,075 + 24.3 25.9,312,011 211,514,246 + 22.6 2,854,749 5,977,161 + 16.2 3,647,943 + 3.7 5,142,458 3,513,153 33,599,877 37.278,672 4,742,441 3,049,899 830,941,715 763,298,808 + 8.9 8,064.727,4(10 G,458,521,878 200,703,376 21,361,667 15l"l¥l,009 +24.5 245,049,858 "+¥2.8 26,600,441 184,579,479 + 32.8 mJsTosi 91,378,959 6,604,315 4,764,331 + 38.6 2.8 3,720,444 + 2.840,098 * Mo.—Joplin„ i— City Joseph Carthage 12,953,143 127,146 13,406,809 Wichita Kansas —10.2 109,829 4.9 28,015,095 + Tope k a St. 1,440,032 — 4.4 — r+ — . ... , 757,172 Dkla.—Tulsa ■— Colo.—Colorado 703,237 + 7.7 6,778,826 6,596.632 56,153,707 . 51,607,062 + 8.8 526,928,705 451,423,014 4,987,401 3,812,772 260,758,439 235,728,163 4,497,140 3,774,732 2,207,381 2,196,320 + 1,580,030,187 1,402,050,107 Springs Denver + 30.8 45,623,605 44,514,023 10.6 2,253,147,478 1,771,579,898 + 19.1 37,652,585 37,862,648 0.5 18,142,366 17,335,992 12.7 14,874,204,719 11,619,483,136 + + — 9.9 + 24.9 + 16.7 + 2.5 995,796 1,143,653 —12.9 733,348 639,721 "•MSIOOO ~766~879 TlY.2 717^667 685,730 297,964,224 231,161,862 + 28.9 180,466,523 136,369,716 + 27.2 " Pueblo Wyoming—Casper Total — cities). (16 Texas—Austin 12,931,245 ———— El Houston 7,710,761 + 1.6 83,853.392 65,519,395 454,362,000 + 5.7 4,409,665.348 3.608.608,923 36,158,158 + 11.2 381,947,837 317,445.086 + 20.3 59,275,653 2,151,113 1.933,69* + 20.4 77/7527194 56,602~7li "+i¥.6 12.342,645 7,667~095 0.1 3,453,000 2,538,000 1,031,336 ■ + 2.3 453,718,704 + 18.0 13,416,115 n~220~056 14,234,000 + 2.8 126,194.000 113,468,000 + 11.2 3,648,000 3,644,000 + 11.8 3,853.697,009 3,120,528,599 + 23.5 3,943,925 2,764,249 + 42.7 35,246,8G7 27.720.887 5,316,724 + 15.1 6,118,120 3,081,014 986,170,622 .—San 55,566,171 + ¥. 48.609,212 + 14.3 24,137,916 27,835,199 —13.3 0.4 200,939,603 198,506,993 + 8.2 9,822,350,314 8,076,278,088 1,320,379 1,494^506 —Y1.7 1,443,383 1.2 4,599,587 4,¥37,101 "+" 6 .1 5~577,718 3,966,802: + 21.6 132,313,633 113,342,332 + 16.7 102,720,053 73,739,639 + Francisco— 3,851,146,546 21.2 83,654,200 73,675,275 + 22.5 84,423,115 65,802,910 + 28.3 2,417,541 1,728,489 7,936,666 7,638.108 + 3.9 76,581,835 64,842,881 + 18.1 3.082,000 2,863.000 + 7.6 25,819,000 21,821,000 + 18.3 342,723.895 — 336,559,213 3,328,174,674 2,681,134,802 + 24.1 + 15.5 — 36,425,941 30,020,782 3,178,110,385. + 21.3 + Lake City x Ariz.—Phoenix — + 1.8 7,323,431 6,995,829 + 4.7 70,323,214 50,571,435 125,233,663 — Utah—Ogden 123.843,349 + 1.1 1,167,509,013 988,504,637 + 18.1 24,314.278 20,271,399 + 19.9 250,073,096 190.768.629 + 52.7 85,318.333 75,178,900 130,372,917 127,853,715 + 401,355,726 266,892,735 + 50.4 + 38.4 69.070,583 50,013,370 + 38.1 79,370,785 65,760,373 + 20.7 51,250,843 34,471,440 27J7Y216 24,1>61~ 148 TiYi 21,¥371371 16,119", 169 10,281,616 9,305,119 +10.5 6,072"458 3,585,514- 3,268,420 "+44~8 3,86~7~033 3,030,486 + 21.0 197,648,318 142.186,000 4,301,844 3,046,823 6,196.871 13,398,346 47,092,814 29,273.492 9,526,018 6,883,160 17,218,837 11,747,957 + 46.6 152,564,395 137,602,034 + 10.9 5,517,159 3,832,183 + 44.C 50,284,652 39,196,600 + 28.6 1.181,107,696 1,062,837,190 + 11.1 10,833,504,856 9,143,211,035 18.5 276,611,000 228,681,000 25,370.634 18,598.478 + 36.4 191,054,187 150,836.779 + 26.7 6,021,149 4,127,020 Berkeley,—. - Modesto Pasadena — Riverside San Francisco San Jose — 7.831,992 cities) (190 Total : 19,086,385 2,076,649,121 -• — (19 + 5.481.933 20,919,503 2/237,157,563 Barbara Stockton + ' 4,734,187 • + 45.9 + 42.9 65,936,131 56,359,490 + 17.0 2,273,203 1,541,974 + 47.4 + 9.6 183,843,352 1,814,227 142.111.630 + 29.4 5,253,404 1,512.369 3,514,498 + 49.5 3,205,342 2,847,322 + 7.7 21,053,781,566 17.460,833,749 + 20.6 497.988,301 416,163,316 + 19.7 352,704,726 7,183,705,334 247,522,274 5,658,219,192 2,606,353,320 43,279,265,139 cities)— New York.——— 38,109,162,035 + 13.6 421,152,162,714 338,066,951,231 + 24.6 9,050,373,887 8,286,033,992 + 9.2 22,367,799,239 20,752.101,646 + 7.8 216,158,102,995 177,757,969,960 + 21.6 4,444,398,525 4,434,867,856 + 0.2 Inc. or CANADIAN CLEARINGS FOR OCTOBER AND -Month of October1943 Canuda— S . -1 ■t Inc. 626,850,459 346,643,519 1943 or Dec. ft s 658,578,359 C13,057,151 —— FOR 6,802,717,386 2.2 6,462,032,472 32.8 2.840.037,375 — 261,048,542 + Week Ended Nov. 4- 1942 1943 Inc. or $ $ 3.3 + Dec. ft 1942 S - * 5,978,428,089 + 13.8 216,632,312 219,123,434 5,337,093,908 + 21.1 229,667,069 182,322,436 43.0 122,177,890 1,986,680,644 + Vancouver 139,340,566 119,212,523 + 16.9 1,240,103,988 1,004,198,609 + 23.5 39,668,236 30,065,638 Ottawa 431,273,506 392,651,787 + 9.8 3,852,094,066 3,095,856,007 + 24.4 142,496,432 170,650,490 30,101,250 27,360,477 + 10.0 252,678,264 238,274,932 6.0 7,803,369 17,872,689 17,774,933 + 0.5 186,390,028 172,047,188 Winnipeg Quebec Halifax 3,460,229,274 WEEK ENDED NOV. 4 FOR FOUR YEARS -Jan. 1 to Oct. 31- 1942 680,545,458 Toronto Montreal 1,315,490- + + 68,986,411 ' 8,312,295 1941 Dec. ft 5,308,914 1.9 7,627,110 8,122,349 4,958,333 162,581,547 + 26.0 161,584,994 112,641,973 + 77.1 58,644,447 42,256,098 31.9 26.880,488 20,830,799- —16.5 66,302,393 50,207,224 6.1 6,846,377 5,939,664- 7.1 4,327,219 4,283,966 6.1 7,395,015 + — + 32,019,756 35,068,800 8.7 308,019,882 314,106.534 Calgary 44,745,332 41,123,291 + 8.8 344,708,245 293,921,873 + 17.3 11,708,970 10,497,625 + 11.5 13,599,133 11,479,393 + 18.5 120,902,232 104,624,408 + 15.6 4,463,862 3,143,237 + 42.0 9,812,490 9,375,448 90,922,376 84,254,030 + 7.9 2,318,654 2,380,066 8.5 —— John Victoria 14,942.033 30,464,191 36,899,423 4.7 +• 13,109,345 39,277,062 London — 39,652,218 — - — Brandon 2,762,191 — , ——— Saskatoon — 4.417,192 9,089,336 4,828,263 —* Jaw 5,593,218 Brantford Fort 5,221,924 William .--i— New Westminster Medicine 137,268,556 126,567,810 + 348,967,143 259,950,754 + 34.2 9,389,342 8,101,551 281,188,117 221,880,591 + 26.7 12,258,714 13,736,717 2.2 23,140,759 20,699,344 + 11.8 734,280 736,804 35,772,972 28,790,720 + 24.3 1,107,445 1,048,424 + >5.6- '942,514 613,899 87,092,937 73,174,656 + 19.0 2,254,563 2,495,382 +10.4' 2,118,178 1.999,898 38,309,711 34,678,974 + 10.5 1,174,863 1.055,869 867,246 + 11.1 50,821,404 46,691,307 8.8 1,259,676 1,361,894 9.0 47,194,046 47,402,618 0.4 1.538,732 1.345,138 —18.9 36.013,967 40,655,895 —11.4 1,019,677 1,102,292 3,815,158 5,919,774 Albert + ] + • + 9.2 '7.9 . ' + — 1,377,145 0.3 — 7,2 + w • x-v 3,540.031 3,250,067 6,992,048 6,618,371 ■t. 641,443 5,161,187 * 5,702,785 552,465 1.1 1,228,575 1,074,527 + 14.4 1,299,743 1,013,054 7.5 1,033,207 — + 1.3 19.924,617 15,125,985 + 31.7 569,606 554,492 + 2.7 529,584 469,642 3,985,500 + 18.6 39,744,962 34,686,962 + 14.6 1,239,322 935,517 + 32.5 821,900 ,728,514 5,103,240 — — cities) 2,611,726 - * Estimated. + 0.3 45,853,532 43,370,122 + 5.7 2.9 57,671,963 55,231,939 + 4.4 1,758,501 -T- 7.9 189,744,267 184,309,893 + 2.9 4,701.061 + 7.8 — 25,604,020 21,551,460 1,184,802 1,497,237 1,458,581 1,354,139 8.9 3,884,422 3,769,660 + 18.8 733,451 670,720 55,132,511 48,420,284 + 13.9 1,710,406 1,476,543 7.7 35,833,118 33,004,747 + 8.6 931,678 973,508 — 5.026,084 2,550,105,111 2,380,831,775 898,699 18.4 + 13.0 5,272,870 1,206.787 + + + .3,230,470 2,408,689 + 26.4 782,489 4,318,702 3,781,604 ; — 1.484,976 , 5,215,338 > 3,346,683 — —-r~ 02 5,892,452 4.073,701 3,010,388 -———- — 5,755,586 22,836,828 2,815,078 — —— —— Budbury i -1 + 15.9. 2,416,576 5,119,412 Moneton T-td .,+ 16.4 •• —35.6 —io.8 4,822,818 5,586,928 Windsor Chatham 2,030,947 3,912,257 21,024,986 Kitchener Barnia "••.4,792,348 7,105,930' 2,152,870 4,725,547 Hat Sherbrooke Prince ;i r 2,408,310- 2,447,892 — Peterborough Kingston . ; 2,618,181 6.9 + . ,!'4.472.989 "5,036,396 • Moose . — 3,793,657 9,924,701 Letli bridge 2.6 — 6,607,B3<> 8,436,132 ( ■ ,, + 14.0 x 2,702,826 ; — + 28.9 • Edmonton Regina $ 175,981,381 A 8.3 1940: $ 1.1 — Hamilton St. 39,407,661 2.0 + 60.9 1,665,959 39.1 9,462,748 Beach 60,941,649 + + 13.5 6.8 13.5 + 39.9 + 31.1 + 14,302,730 Calif.—Bakersfleld Total 4.C 9,472,965 ' Yakima Ore.—Eugene Portland 3,731,288 387,937,975 11,607,278 . Seattle Ida.—Boise 4,308.846 372,277,375 . - + 27.1 + 13.1 23,078,106 1,067,124,078 535,275,688 + 2,725,109 23,171,775 Twelfth Federal Reserve District Wash.—Belllngham Grand X 57,950,689 --- — V: Total- (11 cities) Outside + 10.6 371,728;627 — Texarkana Santa 2,337,770 88,646,660 + 28.0 14.632,000 ;— —— Falls Wichita 2,586,108 106,743,444 + 22.2 La.—Shreveport Long + 22.8 7.837,462 — Arthur Salt 94,317.090 + 28.0 415,760,741 Worth Galveston Port 11.5,826,483 4.7 480,177,870 — — — Paso Ft. + 27.5 10,142.199 + 0.6 40,194,273 Beaumont Dallas + — + 9.4 644,714 471,324 + 15.8 1,066,057 1,046,351 4.3 941,766 900,485 — 6.8 30,508,576 28,861,300 + 5.7 866,792 1,008,096 —14.0 737,994 + 38.9 33,711,165 21,053,733 + 60.1 1,015,983 567,314 + 79.1 578,162 523,161 + 4.9 48,794,556 47,445,719 + 2.8 1,342,672 1,189,513 + 12.9 1,223,217 1,071,974 + 7.1 24,168,899,213 20,043,041,035 + 20.6 841,467,008 759,964,587 -f 10.7 559,732,660 449,885,911 740,048 THE COMMERCIAL & FINANCIAL CHRONICLE (Continued from page 1972) D. Edward : 3 Co.; & Jones W. Merrill Lynch; Pierce, Co.; & Kenner Abbe Newton, & Beane; Webber, Jackson & Curtis; Christensen, Inc.; R. W. Pressprich & Pierce Co.; E. of Sullivan & Co.; Tucker, Anthony & Co.;. Corp.; G. H. Wulker & Co.; Weeden & White, Weld & Co.; The Wisconsin Co.; Dean Witter Stone Co.; & Power trust Light & mtge. 4,000,000 Delaware ferred . who $5 Price, : Harris, Inc.; of Chicago; Hayden, Miller & Co.; E. A. Hasten & Co., INDUSTRIAL OTHER $650,000 Globe-Wcrnicke 1953. 20,000,000 Co. Purpose, Hutton 4 MANUFACTURING % 1st mtge. bonds, due Oct. 1, Price, 101. Offered by W. E. refunding. ' Co. & Lorillard (P.) AND ' ' 333/-3/'3:33%3\%'33%%:3 ■ Adamex Securities Corp.; Bacon, Whipple & Co.; Bear, Stearns & Co.; A. G. Inc.; Blair & Co., Inc.; Blyth & Co., Inc.; Sons; Clark, Dodge & Co.; R. S. Dickson & Co., Inc., Dominick & Dominick; Eastman, Dillon & Co.; Emanuel & Co.; Estabrook & Company; Field, Richards & Co,; First Boston Corp.; Glore, Forgan & Co.; Goldman, Becker & Alex. 3YY.--Y' Sachs '" 3-. & & • y3" 3%3;- Lee $14 R. 3yy33':'':3. Co.; & & 3'3 3 Co.; Wertheim •. Co. & Inc.; Union & Webster Spencer Co.-; and & and The '%%;% .% 3.,'( 3 consin 3,000,000 (Oscar) Mayer & Co., Inc. 15-year 3 % % debentures, due Purpose, pay notes held by banks, ($2,025,000), corporate purposes, ($975,000). Price, 100% and int. Offered by A. G. Becker & Co., Inc.; Lehman Brothers; 1958. Glore, .i:( Forgan & Co.; Eastman, Dillon & Co.; Ladenburg, Harris, Hall. & Co., Inc.; Merrill Lynch & Beane; Carter H. Harrison & Co.; Pierce, Fenner Loewi & Co., and The Wisconsin Co. 4% %1st Co. mtge. • bonds, due Oct. 15, -3 refunding Purpose, %3%...3%Blyth Inc.; ($2,010,000) acquisition of constituent; ($490,000). Price, 102% plus int. Offered by & Co., Inc.; Estabrook & Co.; Bitting, Jones & Co., Hornblower & Weeks; Paine, Webber, Jackson & Curtis; Van Alystyne, & Stubbs, Inc., and Co. Noel Putnam & Co.; V. Whiting, Weeks y:;;'%%3 stocks (Preferred of stated a preferred stocks of are no par value par value at of par, common E. Hutton & Marks Witter & Co. 124,250 shares of White Baker, & & Jones Pierce, while stock Inc.; & & Co.; Fenner Sons; Johnston, & Beane; Milhous, Rohrbaugh and Date Dec Page 1 per 81 1 Nov 15 American Bemberg Corp., 7% preferred stock—_I__Dec American, British & Continental Corp., 5% debentures 1 . 1821 - 1237 1437 1525 Apco Mossberg Co. general mtge. bonds due 1956 Nov 30 Asuncion Port Concession Corp., 8% debentures—Nov 22 Atlanta Gas Light Co., gen. mtge. 4%% bonds due 1955-Nov 20 1630 Atlantic City Gas Co.. 1st mtge. 5s.iiue I960.—.._-__..Nov 24 Atlantic Coast Line RR. Co.— V:y'.v' 1321 -if,:. 1631 due Corp. 20-yr. 6% income 1957——— - 2nd Nov Gen. & ref. due mtge. 3% '7 Electric bonds, series C, due 1967-—-Dec Power Co-., 1st trust mtge. --------_-_-_---v--Apr Cincinnati Gas & Electric Co.; 1st mtge. 3%s, due 1967 Dec Cleveland, Cincinnati, Chicago <fc St. Louis Ry., St. Louis • 1st collat, trust Development Co., Ltd., 6% preference stock due debentures due Oil Corp., —i.—w-..Dec ■ convY 3%% • mtge. serial bonds, series A, due 1944-1946—--Dec Publishing Co., 7% preferred stock— Dec 1 1858 1 1858 mtge. —Dec ——;— — & Electric bonds, due 1945 : Duquesne Natural Gas Co., Eastern Car Co., Ltd.. 6% Co., gen. & ref. 1st mtge. Shore Public Service bonds, 1473 1 1859 1st & ref. 5%: sinking fund mtge. bonds, series A & B ..Dec Iowa Pwr. & Light Co., 1st mtge, 4%s, ser. A, due 1958-Mar 1 1859 1 1134 1 1134 bonds due 1969-Nov 26 1733 ser, Light Co., 1st mtge. 4s, due 1968—3—-Mar Iowa Public Service Co., 1st mtge. 3% % Utilities Iowa Southern Co. of Delaware— .y3,':';':3:3: 4Va%,. debentures due 1966_3i^-__w^.%3-33Y-^33i:''-3-2-..Dec 1 Kankakee Water 1st mortgage >; & 1859 Nashville RR. unified mtge, 3%% 5M>s, 1279 1859 291 bonds. : 1 5 Vi% due 1950 —Dec 1 1860 'cumulative, preferred stock....--!;—3_^-.3—Y—..-Nov 29 1860 Robbins, Inc., 3-2% Manufacturers & debentures due —; a__ - - Securities Co., 10-yr. 4%'3 1950— , 'v. 1st mtge. 5s, due 1951—..Jan 1860 1860 National Dairy Products Corp., serial debs, due 1946-47. Dec 1 1860 1 1860 1822 New 2 1860 New 1728 New England Capital Corp., 6% debentures due 1964-__Dec Jersey Power <fe Light Co., 1st mtge. 4%s due 1960_Dec -• 1st mtge. bonds due 1947— New York City Omnibus Corp.— lien mtge. 6% 1823 1 1729 1 1634 15 1729 due 1947 - 1824 1824 1824 1636 484 1 1824 1 1440 5% ■ bonds due 1965-%-Man due 1952——.Dec Fifty-Fifth St. Corp., 1st mtge. 4s due 1955—Dec Patersou & State Line Traction Co., 1st 5s, due 1964—..Dec Peaslee-Gaulbert Corp., 6% preferred stock.—-% 1—Jan Pennsylvania Glass Sand Corp., 1st mtge. 3%s due l960_Dec Phelps Dodge Corp., conv. 3%% debentures due 1952—Dec Philadelphia, Baltimore & Washington RR., gen. mtge. General it:. 1860 1860 1 Gas 1 J Price, $31Va per share,; 1861 1861 1 1861 Pictures, SL>, Price, Serial notes per share. of stock common Offered by Blyth 1, 1940- & ;V.'u';V; ■ Issue— and * the on the a due 6s, series B, offerings.,'%y following 1949. . \ . , L " ' Date;; Page '1539 1863 1 1675 1 Dec 1863 ' * , 1v __>Dec- a— 3 295 ; i 1675 ' 1 1st lien Gs, series B, due 1948— %3—3..3—Dec Studebakcr Corp., coriv. 6'i- debentures due 1945L;:y„—_Dec 1863 - l 1863 . 1 1540 1945-Jan 2 1772 Hospital of Bellevue, Pa.— 1945—-,aL__%%_„_—_33_Jan l Studebaker Corpi, 10-yr. Suburban General mortga ge conv. 633 debentures due bonds 'due Temple University,,1st mtge. 6% bonds—— Jan 1 Thermoids Co., 1st lien collat, trust 5%; bonds due 1951—iDec 27 Toledo Edison Co., 3%'% debentures due 1960 %%3%—. Dec 1 Twelfth Street Terminal Buildings— 1st mortgage bonds dated Bus 1948 to 1864 1478 6% Terminal & v3 1951' collat. Service"Ccu;/"1st lien 5bonds; Utilities Corp.— trust ser. .Dec ■ ■ ; 1384 20 '■ 1676 A, —Nov ■ United States Leather Co., prior preferred stock Employees Securities Co.— Income bonds ar.d notes due 1981— 1864 ;_%Jan I Dec 1 1774 1964333—Dec Bros.-Kennelly Co., 1st mtge. 5s, due 1955-! ,_Dec 1 1677 New England Capital Corp., debentures due 1st 1864 1 33:3';'':3:"3 .Tv*%3--■:'"3y cdav. bonds, series A, due I960—3._„Jan 1 ,. Utilities West 1864 v:3 y~.~;.%%aa%%—%_—_%3_ Public 1772 . 1926..—Dec i 3 Garage Co., 1st mtge. 6s, due % y V: 1951%a.,;%Y33a,;;%——.%:3%%Y%3„Y,%a. Water due. United •; pages ten months' figures periods in the four five-year comparison 1944-1954 due by ' ; fIndicates special tables Offered . V ' ' • share.; per Spalding (A. G.) k, Bros., Inc. preferred stockJ%.;.3_3-Dec Springfield City Water Co., 1st mtge. 4s, ser, A, due 1956%Apr Standard Public Service Corp.— - v ■: ;Y 1st iien 6% bonds, ser. A_aY_:_ A%33i3i -33- 3 %333ki % Feb Virginia Pulp & Paper Co.— mortgage 3% bonds due 1954...— 1944-1947 ■: _3%^3-3.,-%^—_3„ ♦Announcement in this Issue. ; 17.73 1 991 1 1864 ...■'3: Y;' Dec Western Utilities Corp.) u.% notes due 1952%%%%. 3—Dec Youngsiown Sheet k Tube Co., serial notes dated 1940.Dec Youngstown Sheet Jit Tube Co. serial debentures due 3,.-%%—Dec {In Volume 1 1864 15 1864 15 3.3;''' -3" 157. Lre grouped in two separate tables. In the bring together all the dividends announced the Dividends first we Then we follow with a second table in show the dividends previously announced, but which have not yet been paid. Further details and rec-' ord of past dividend payments in many cases are which we 1476 1861 under the 1770 and 1 1476 1950—Dec 1 1862 Dec 1 given company name in our "General Corporation Investment News Department" in the week when declared. : ■ 1862 1771 1824 Offered by Blyth $5 shares ' Southwestern: States"Telephone' Co.— 1861 1862 1 25.000 Southeastern Greyhound Lines, second5 preferred stock—Dec Public Service Co.— " • ' 1 —Dec bonds due mtge. 5s due by ext. in 1950 notes dated Dec. ."k; * Stock Co. and 1 15 1. 1824 1824 Inc. $25.50 comprehensive 1 Electric Co.— Episcopal Church in the Diocese Se¬ i*-,', common current week. 15 Fublib Service Co. of Colorado, 4% debentures due 1949__Dec 1 Raleigh Block Corp., bonds dated 1926_ : .—Nov 19 Salmon River Power Co., 1st mtge. 5s due 1952— —Feb 1 1 Mellon by of 1352 {2453 Protestant 1 4,000 shares 1736 1824 A„-Dec Co. 1736 1 dated 1936—a—-—Nov 15 1 10 4%% .'debentures, series B, bonds, series D 4%% due 1981Pittsburgh Steel Co., 1st mtge. 41/2',-i • 1860 26; Water Service Co., 1st 4s due 1964----——--Dec Oklahoma Gas & Electric Co., 47<- debentures due 1946—Dec Old Colony Investment Trust— Portland comhton' stock, (par of 2000 .Nov 18 bonds ' Y Dec 1st mtge. bonds, 3.' • /' — Ohio One East shares Inc. . New York & Harlem RR,, 1st mtge. 3% 74 bonds due North Avenue Market, Inc., 5%-7%% mtge. - Nonvell, Inc:, 6'% 1439 _.Nov ■ bonds due 1958-4-—a—-Jan Sixth Avenue purchase mtge, 8 stock (no par ). by Reynolds & Co. common Offered Southwestern Werner Realty Co., class A bonds dated 1937——Nov 29; York, Chicago & St. Louis RR., 6% debentures--;.Dec 1 Prior 5,300 ' Company 1860 14 Merchants of per share. Offered ■':y(. '.;-y:.'f preceding, thus-affording Union .. series A, debentures due 1956—Dec & (no i7,..,y' 63rd & Elizabeth Garage & Show Room Corp; bondSi-3-Nov 15 Southern Advance Bag & Paper Co., Inc.—;y '■ * 3v":r; • 1st.mortgage 4%s due; 1955—_yy—v.:_—3-Dec 1 1734 1860 1729 6 Corp. : Natural $20). (par the Union —Jan Maryland Light & Power Co.— mortgage stock common — Co.— 4'.4% series A, due 1950 1st - corresponding 1st bonds, series A. due 1959 Jan 1 Kentucky Rock Asphalt Co., 1st mtge. 6%%; bonds_Y'i_Nov 18 Lehigh Coal & Navigation Co., 4'> fund. & impt. bonds-Jan 1 Louisville of Dominick. shares compare the October with those for the . 1860 1 Dec 15 —Dec ,vv';.vy. 1 gold bonds, series B__Dec Corp., collat. trust 4s, due 1956 ;,■■■■ 1 bonds__Dec ser. bonds, series B2——^-—;.Dec Paper Co.— Series C 5% gold bonds, Corp.— 1822 ■ 2,650 we 1st Mining Co., 1st mtge. 6s, clue 1947— Feb .1 Mortgage Guarantee Co., common stock— —Nov 20 National Dairy Products Corp., 3%7a debs, due I960-—Dec 1 1952——Jan B, due 1952—Dec 1954 Monroe Coal Co.— mtge. & 1st lien 25-yr. 5Y Elk Horn Coal 1 1st 1st mtge, & 1st lien 20-year 5%% 1st mtge. 7% bond's due In 1732 1638 Mississippi Power & Light Co., 1st mtge. bonds due 1957. Dec trust ————a—— — Eastern Shore Gas Corp.— 1st mtge. & collat. trust 5% Eastern collateral 1 18 International & $5,494,001 , 1735 1 gold bonds, 4%% gold holds, 4%% Gas y.'-3y New Jersey series, due 1969—-—Dec 1 series, due 1971——-Dec "1 Domestic Industries, Inc., 10-yr. 4%}% debentures—Dec 1 Dominion * 1 . mtge, Dec — mtge. 5% 7c - ;''.^Indicates issues 'placed privately, 1858 ref. shares share.*. Offered by Morgan, Stanley ,;:,Y Y mon stock < no par)..' Price,' $22 Blyth & Co., Inc. ' 1857 & (par 10c).Wcisenberger 4,000 shares of capital stock. Price, $38.50 per share. Offered by Merrill, Turben & Co. 550,000 Twentieth Century-Fox Film Corp. 25,000: shares of com- Paaa. 1031 1 Dayton Union Ry„ 4% mtge. bonds due 1949—— -Nov 15 Delaware Power & Light Co.— 1st mtge. gold bonds, 4%% series, due 1969—3——Dec 1 1st Date ». Heywood-Wakefield Co., 5% debenture bonds due 1946—Dec Hightscown Rug Co., 15-yr. 6%% debentures due 1944._Nov Illinois Iowa Power Co., 1st & ref. mtge. SVis, series B. 1st stock Arthur %YInc.' years Mississippi River Power Co., 1 Co., Bros. 1 due Inc.; v- $59s/a Corp. 637,500 Paramount McKnight, Stein -_T—Dec debentures Continental Steel Corp., preferred stock, _Jan Cushman's Sons,. Inc., $8 cumulative preferred stock—.Nov 1st & and 1821 Y 1951-J."—7—— —3——-Dec 15-yr. 1951 .1821 redeemable convertible Consolidated Gas Utilities Corp.—;, 10-year 5% 1821 mtge., bonds dated 1890——Nov 15 Colon Consolidated 1821 bonds 1956 Division Martin Lukens, & 1726 18 Telephone Co. of Pennsylvania— 25-yr. 1st & Ref. 5% bonds, series B, due 1945— Jan 1 Bendix Home Appliances, Inc., class A stock—Nov 30 Buffalo,Niagara Electric Corp.—:vi-(-iCalifornia Inc.; 3% debs., dated Dec. 1, 1941 3%% debentures due 1956 Illinois Power & Light by Co.. & & Co., and Wads- 97,500 Pennsylvania Water & Power Co, 1,500 shares of common stock. Price, $65 per share. Offered by Eastman, Dillon f; McKesson mtge. - Bell Co. Price, : >. (par . :-;yyy; 'v., ;y consolidated 4s, due July 1, 1952— Nov 10 L. & N. collateral trust 4s, due Oct. 1, 1952_—%,.3-Nov 16 General unified 4%s, due June 1, 1904....__ -..__Znov 16 General unified 4s, due June 1, 1964 Y; "_7.Nov 16 1st Dominck National 'Steel $25 , Iowa Power & list of corporate stocks called for Her rick. common Offered 13,600 per _ 1st Alabama State Bridge Corp., 4% bonds duo 1952 Alliance Public Service Co., 1st mtge. 5s due 19S7 American Bakeries Co., class A stock share. (approx.), $7 per share. 126,000 Northern Co.; Robert Merrill Lynch, Globe-Democrat Company and Issue— and curities Inc., Dec General Shoe Corp., given in the "Chronicle." were Price : ;v, Issue-— Barrett ^ Co. ' & Food Machinery Corp., bonds, notes, preferred and common redemption, Including those called under sinking fund provisions. The date indicates the redemption or last date for mak¬ ing tenders, and the page number gives the location in bonds Lemon Kirchofer & Arnold, Robinson, Co.: 150,000 shares of per Price, 89% 18,550 Muskagee 316,010 Auchincloss, Parker Alex. Brown '& Sons; Co.; -%%%•'■(.& Boyce.. » & ' • - 1 Goodwyn & Olds; Childs, Jeffries & Thorndike, Inc.; G. H. Crawford Co., Inc.; Ferris; Exnicios & Co., Inc.; Garrett Co. 303,720 Master Electric Co. 10,0()0 shares of common stock (par $1), Price; $30% per share. Offered by. Reynolds & Co,'. Inc.; Co., Watts (par $1). v « _ by J. G. a Stamping Co. 30,198 shares ofPrice, $7.25 per share. Offered & 300,000 Monroe Calculating Machine Co. 3,000 shares of Tr preferred stock (par $100), Price, TOO % per share, plus div. Offered by F. Eberstadt &Co. •* " 1 Redpath; (no^ 154,000 Perfection Stove Co. General Theatre Investment Co., Lt.— a ' $1,500,000 (Julius) Garfinckel & Co., Inc. 60,000 shares of 5%%.. preferred stock ! par $25). Purpose. refunding ($1,332,347), working capital ($167,653). Price, $25 per share. & * , Shearing $1% Co-» & Offered stock common Originated' with Shields 293,946 Tones ■& Laughlin Steel Corp. 5,090 shares of Class A pre¬ ferred stock-(par $100). Price, $57% per share. Offered by Mellon Securities Corp. k company. Co., of shares share. Co. & $1). (par Rey¬ ■ y..;.'. stock with 74,177 Harbison-Walker Refractories Co. 4,600 shares of common y' 'stock .(no par). Price, $1(U'» per share. Offered by Lee Higginson Corp. " k"' .■ ;;;r" Space ■. common stock common ' 4,000 per Kirk land & par). & Dean and Co. Co. Co. 1,223,600 Ingersqll-Rand V Brown, liees Bayway Terminal Lane, of Originated share. 1188,700 Hercules Powder Co., Inc. 2,400 shares of common stock ■kWY,:,k;kk':,: (no par); Price; $78% per share. Originatedwith Smith Barney, & Co. ; r MISCELLANEOUS & Redemption Calls and Sinking Fund which the details Johnson, Co.; shares 4.800 v" - deben- $21,9^,193 Company Below will be found & underwriten $20,000,000 acquisition of stock of constituent $8,875 per share. Offered by Blyth & and Van Alystyne, Noel & Co. %) C. taken are all classes and the Purpose, ^■'%'■ ■' computed at their offering prices.) M. Co., Robert STOCKS and holders ■ Co. Johnson & Co.; Baker, Simonds Price, y.% . Price, $26,150,000 (. W. 1958. company, & stock 187,500 Equity Corp, Co., Inc.; Dominick & Dominick; Esta¬ Co.; Clement A. Evans & Co;, Inc.; First Boston 1,102,719 Thermoid Thclmann & Co.; 2.500,000 Thermoid stock to underwrote H. worth Lazard Freres & Rhoadcs & Co.; Co.;• Merrill Lynch, Pierce; Fenner & Beane; The Milwaukee Co.; Mitchum, Tully & Co.; F. S. Moseley & Co.; Paine, Webber,"Jackson & Curtis; Piper. Jaffray & Hopwood; Putnam & Co.; (Reinholdt &, Y':.:-;;-Gardner; Riter & Co.; E. H. Rollins & Sons, Ins.; L. F. Rothschild & Co.; Chas. W. Scranton & Co.; Smith, Barney & Co.; Stein Bros. & Boyce; Stone & Webster and Blodget, Inc.; Swiss American Corp.; Spencer Trask & Co.; Tucker, Anthony & Co.; White, Weld & Co.; The Wis- Wisconsin; Cork by Jenks, R. Co., Inc.; Kidder, Peabody & Co.; Lehman Brothers; Carl M. Loeb, Co.; G. White, Weld & Co, MANUFACTURING Glore, Weeks; and Inc.; Stroud. & Co.; Tucker, Anthony H„ Walker & Co.; & Corp.; Barth common Dickson; & Laurence Blodget, Trask Securities J. Forgan & Co.; Graham. Parsons <fc Co.; Harriman Ripley & Co., Inc.; Harris, Hall & Co., Inc.; Hayden, Miller & Co.; Hemphill, Noyes & Co.; Hornblower <fe Stone Company, S. brook & Corp.; & Co.; Schoellkopf, Hutton & Pomeroy, Stringfellow; Chas. W. Scranton & Co.; Company; Stein Bros. & Boyce; Stern Brothers & who by Imperial Diesel Engine Co. 15,096 shares of capital (par $5). Price, $9% per share. Originated with stock stock (no par). Purpose, refunding. Price, 100 per share and div. Offered by Goldman, Sachs <te Co.; Adamex Securities Corp.; A. C. Allyn & Co., Inc.; Arnhold and S. Bleichroeder, Inc.; Alex. Brown & Sons;; Central Republic Co., Inc.; Clark, Dodge & Co.; J. M. Dain & Co.; Co.; Scott Offered banker same Shoe Price, $37% 1139,638 Atlas 15,000,000 McKesson & Bobbins, Inc. 150,000 shares of $4 cumulative Rothschild F. par). ^preferred Corp.; Laurence M. Marks & Co.; Mellon Corp.; Merrill Lynch, Pierce, Fenner & Beane; F. S. Moseley & Co.; Paine, Webber, Jackson & Curtis; Reynolds & Co.; Riter & Co.; E. H. Rollins & Sons, Inc.; Inc.; share. per by 3;%33%3 ;v/ tures (see above).."%, Higginson Shields 1148,500 Armstrong per INDUSTRIAL AND Sold t220,000 American Chicle Co. 2,000 shares of capital stock (no par). Price, $110 per share. Originated with Shields <& Co. Inc. 12,500 shares of (no par). Purpose, re¬ 5.241,474 (P.) Lorillard Co. 374,391 shares of common stock (par %-;?.v:$iO), Purpose, pay bank loans, working .capital, .Price, Securities L. (see above). 218,935 Commercial Granbery, Marache & Lord; Hallgarten & Co.; Harrimnn Ripiev & Co,, Inc.; Ira Haupt & Co.; Hayden, Stone & Co.; Hemphill, Noyes & Co.; Hornblower & Weeks; Janney & Co.; Kebbon, McCormick & Co,; Kidder, Peabody & Co.; Kuhn, Loeb & Co.; Lazard Freres & Co.; ;33y.3%' . Co., Brown Brake par).' Price,' $37'per nolds' & CO. ' Co., stock stock (no Arthur, capital privately of shares share. ,•' FINANCING NEW 10,500 Co. (r.o ($1,031,520), working capital, ($280,980),; Price, share p„us div. Offered by the First Trust Co. of Lincoln (Nebraska); Beecroft Cole & Co.; Harold E. Wood & Co.; United Trust Co. of (Abilene); Rauscher, Pierce & Co., and Bigelow-Webb, Inc. ($14,790,400). Lehman Brothers; Smith, Barney & Co.; preferred Express par). Price, $11% per Wcisenberger & Co. 1177.600 American $600,000 Indiana Steel Products Co. 30,000 shares of 6% convertible preferred stock (par $20). Purpose, working capital. Price, $20 per share. Offered by Brailsford & Co., and *33 333,. Kalman & Co., Inc. 20-year 3% debentures, due Oct. 1, refunding ($5,209,600) payment of bank Price, 101% and int. Offered by (Purpose, bonds Gas REPRESENTING , $11,312,500 Co. 1963. loans Adams 33; Power offered $15,000,000 3% OTHER $38,500,000 ,vv:*$118,125 Christensen, stock cumulative 105 Hall & Co., Inc.; The Wisconsin Co.; G. H. Newton, Abbe & Co.; The Illinois Company '.fand E. Wood & Co. Blodget, Inc.; Bosworth, Chanute, Blyth & Co., Inc.; Boettcher and Co.; funding Walker & Co.,; % YorkY:1\%.';'%%yY':%,:' ■/.•'.' ,"':Y%V;:. ISSUES. NOT and 1,312,500 Kansas-Nebraska Natural Blyth & Co., Inc.; 33'% . & Light Co. 40,000 shares of 4'% " pre(par $100). Purpose, refunding.v Price, $104.50 per share plus div. Offered by the same bankers .y•%• 3'3 3% series due 1973. Purpose, 106.14 and int. Offered by The First Boston Corp.; Goldman, Sachs & Co.; Stone & Web¬ ster and Blodget, Inc.; Eastman, Dillon & Co.; Hornblower & Weeks; F. S. Moseley & Co.; A. C. Allyn <te Co., bonds debentures (see above). ■ collateral refunding.;. and Webster Loughridge & Co.; '3%3'3333'!3Y y'. 1st Co. .. Garrett-Bromfield & Co.; Peters, Writer & Inc.; Sullivan <te Co., and Dillon, Read & Co. Inc.; Co., and Harold E. Wood & Co. & AGENCY ISSUES $28,345,000 (Federal Intermediate Credit Banks consolidated deben28,575,0001 tures, $28,345,000 dated Nov. 1, 1943 due Aug, 1, 1944; $28,575,000 0.95%, dated Nov. 1, 1943, due Nov. 1,). 1944.,: Purpose, refunding, ($46,060,000), new money,. ($10,860,000). Price, par. Offered by Charles R. Dunn,, fiscal agent,,New cumulative 4,000,000 California Electric Power Co.'40,000 shares of 5%%;;con3^3%%3:3 vertibie prior preferred stock (par $100). Purpose, re¬ funding..; Price, $102.50 per share and div. Offered by Securities 15,000,000 Delaware shares of AVzIa 20,000 stock %:%;;33%:3' offered the $7,500,000 3% Calif.; Peters, Writer & & Co.; Rauscher, H. Rollins & Sons, R. Union Light Co. FARM LOAN AND GOVERNMENT (par $100). Purpose, refunding. Price, 102.25 per share plus div. Offered by same bankers who Co.; Shuman, Blodget, / & Co. Gas preferred L. F, Rothschild & Co.; Schwabacher & Co.; Shields Agncw «fc Co.; Smith, Moore & Co.; WilStaats Co.; Stix & Co.; Stone & Webster and Inc.; & lian , Riter Inc.; Co., $2,000,000 Atlanta Peabody Marks & Co.; The Milwaukee Pacific Co.; & Paine, ■« Kidder, fa Co.; F. S. Moseley & Co.; Newhard, Co.; Mitchum, Tully Cook & Co.; Kaiser Co.; & Langaw & Co.; Laurence M. C. .Monday, November 15, 1943 PUBLIC UTILITIES The dividends announced this week Bank of Chicago— Dec 1862 1863 Bank oi Denver Extra Nova Scotia National and Trust (quar.) Bank ■ National Trust :(:$212 1- (Tulsa, Okla.)—— $1 37%c , 3 12-16 12- (quar.)—$1% — —_ First are Companies 1 11-19 12- 1 n-19 12-15 12-10 Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 1979 ■ • • Per v. When Per HolderI Payable . of Rec. .. When Holaert Harrison Natl Bank Home-wood. Bank Manufacturers (N. share (s-a)fJ; J,); SUV-. $2.25 : ■ (Pittsburgh, Pa.) Bank & (irreg,),.. (St. Louis/-- Trust •Extra 40c County Sussex Trust Del.) of share held 11-15 ferred 11-$ $6,preferred 20c 12-31 12-21 ;: 20c 12-31 (s-a)_ , Extra " — ■ 12- 1 , Glidden .•'•. ' ' Advance Aluminum CastingsAgnew-Surpass Shoe Stores, 7'// Alabama Mills Allied Finance Allied Mills A me rex - Co, 3 11-30 12- 1 11- :$5 12- 1 11-20 l 11-26 11-10 12- 20c —1-. 1 11-10 37V?c L 12-10 11-18 $1 •: Chicle I- 20c (year end'• 12-15 12- /' 50c i Holding Corp. (s-a American 12Vac $$134 pfd, (quar.) — Alaska Packers Assn. When \ Payable of Reo. 11-20 12-10 Per share • , Name of Company (quar.) 50c ■ 12-15 12- 40c ' 12-15 11-17 20c ' Extra 12-15 11-17 1 I'M Public 77 Service, American Class Tobacco B Co., (quar.)—.1 12- 11-10 75c . 12- 30c 11-15 11- 8 $3 12-15 12- 1 $2'/2 12-15 12- 1 7c 12- 1 11-15 12-23 12-10 , —- ___ Bangor Hydro-Electric, 7% preferred (quar.) of Canada, Barlow & Seelig, 7 'in B class preferred ; preferred $1V2 12- 1 11-12 I- 3 12-15 1- 3 12-15 453/2 1- 3 12-15 : 15c 12- 3 11-18 37V2C 12- 1 11-15 37Vs>c 1 11-17 25c 12-6 11-26 12- 1 11-20 —." preferred (quar.) ' 57c preferred (quar.)—— Birmingham Water Works, 67r pfcl. (quar.) Bond Investment of Trust Sll'4 ! $lVa 12- 40 c Brewing Corp, of Amer Border City 12- Mfg. & Boston Ground : Albany Trust end) (year Fund, Ltd.-.. 11-15 11-15 11-29 11-19 15c B A 11-15 12- 1 11-15 — — West Utilities Co.— r' (accum.)—- preferred ; preferred (accum. )i $6 prior preferred— Central Illinois Light, pfd. Central Ihinois Securities : — — $iU 12-10 12-10 11-20 44 $1 Va si/c 12-10 11-20 SI , 'M-A-d (quar.)— ; Corp.— 12-10 preference ■i 12-20 11-10 12-17 12- 7 12-17 12- 7 15c '. 11-15 10c • ; ? —- 11-15 11-10 12-14 11-19 12- $1 Va pfd. (quar.). of New Castle Water, 6'.« 11-19 75c — -_ Chrysler Corp. 1 11-24 50c A------ (quar.)--— 12- City Ice & Fuel Co., common (i1 i'( $1.62 Va , preferred (quar.) u*, City Water Co. of Chattanooga-— 5'si/4: preferred (quar.> i:-—1 ' 87 Vic Cleveland & Pittsburgh RR;, 7% gtd. (quar ). 50c Special quaranteed (quar, Tractor 37 7 c Co.—— Inc., common Stores, Fuel Columbian Iron & Carbon Commercial Co. preferred Commonwealth Consolidated 11-10 12- 1 11-10 12- 1 11-10 11-19 11-20 1 1 11-20 11-10 12-10 11-19 Inc. (quar./y (quar. Lta. Amusement, 1 10-15 12-15 12- 30c Corp. 1 10- 5:4c ' 11- 10-20 1 1 Consolidated Diversified Standard Securities-— .12-15 11-15 75c 11-15 11- Consolidated Laundries, common (resumed)-; $7.50 preferred (quar.)—-—— qonsolidated Retail Stores, corn, (increased) 25c 12- 11-20 $17« 2- 1 1-15 25c 1- 3 12-17 $2.50 noil-cum. , B'.r preferred Continental Can 12-17 12-31 12-15 12-31 12-15 $2 (quar.)— — Continental 3 50c — —— Co. 1- 1 1 50c (quar.) Assurance Extra- (year-endt— 25c r— Continental Motors Petroleum Creole . 12-15 11-26" preferred 1 11-15 11-15 12-17 11-26 12-15 11-30 25c 12-15 11-30 15c -----A —— 12- 12-15 25c ——A——-. Corp — & Forster 7'/. —- - (quar./. 1 Extra Crum (Chicago) 30c 40c Continental Casualty Co. • Insurance Shares— sifi pfd. (quar.)— 11-30 11-12 $1V« (quar.)— Dayton Power & Light, 4Vat* 12- 1 11-20 1- 3 12-15 $1 Delaware RR. (s-a)—_—_—: Diamond Alkali Co. (quar.)—T,—— ftoermbecher Mfg. Co.—; 50c 12-11 11-27 10c 12-10 11-30 11-17 . preferred preferred d'h fit (quar.t— $1 Va 12- 1 11-10 (quar.).... $134 12- 1 11-10 tquar.)_-——' SIVt 1- 3 12- 4 (quar.)—— ——i $ 1 Va 1- 3 12- 4 Eastman Kodak Co., 6',, preferred Eaton Mfg. Elliott Co. (irreg.) — common 75c • ——— 11-24 30c 12-15 11-10 .11-18. v Empire Star Mines.Co., Ltd...———i— 50c Employers Reinsurance (quar.) Pittsburgh RR., gtd. stock (quar.) —- 40C 11-15 10-30 Erie & 80c 12-10 11-30 25c 12- 1 11-10 SI 12- 1 11-10 12-22 11-17 Fairbanks Morse & Co. ■ Extra —— 11-10 . * (quar.)-— — 12-10 — ' Fnlconbridge Nickel Mines (interim) Federal Compress & Warehouse— quarterly Co. of Amer., class. A (quar.) Reduced Finance — 5(7 VaC 25c 12- 1 11- 8 15c 12-15 12- 4 Ford B Wood General Industries Corp. ——— ~\ (quar.) General Brewing 6'< General Bronze Corp 12- 4. 50c 12-10 — 12- 1 5C 12-15 12- 1 10c 11-16 11-10 12- 1 11-15 25c (irregular> — Corp., common— convertible preferred (quar.)— 12-15 75c —v—•" & Schmidt Brewing America 15c. — Hotels Co.——-i Furhmann Gar (quar./——— 12-20 12-10 l5c 30c 12-31 12-20 12-20 12-10 12-1 4 Sheaffer (W. A.) 2, 11-18 Soss 12- 1 11-17 Southern 75c 12-10 11-30 Spencer Kellogg & Spear & Co., $5.50 Extra 1 Sixth 11-10 11-15 12- 1 11-12 50c 12- 1 12-10 11-26 12- 1 11-10 "11-16 11-10 12- 1 11- 12- SIVa 50c Howe Sound Co. preferred fh Imperial —— (quar.)— y—y 11-25 — International Intertype Kaufmann 12- 1 11-23 $5.50 2nd preferred-,- $130 12- 1 11-23 $5.50 2nd preferred $13« 12- 1 11-23 30c 12- 11-15 Sports Products, Inc.————— 11-10 11-12 25c 12- 11-20 Standard SI V4 12- 11-23 y ; —— Ltd. (s-a)—A 450c 12- (quar.). 60c 12- 25c 12-1 425c 1-15 12-15 " (quar.)_ 15c — ___ Kobacher (S. H.) 1 12- 12-15 11-30 15c 11-15 11- Sun (D. A Oil A.) Oil 12-20 3 12-20 12- 1 11-29 11-18 I2V2C II-29 11-18 12- Co.— preferred (quar) (quar,)—• Extra 420c 1 11-15 25c 12-15 11-26 50c 12-15 11-26 10c — 12-20 11-10 12-10 11-20 Superior 10c 11-27 11-17 12- 11-20 Sylvanite Gold Mines (quar.)———43c Symington-Gould Corp. 25c I-15 11-15 11-22 11-10 Taylor 50c, 12-10 11-30 10c 12-10 12- 25c 12-14 11-23 12- 11-10 40c 1 12-14 12-14 11-19 12-15 12- 25c 12- 50c Mining Tool (quar.) Tecumseh 4 11-20 Tennessee 12-15 11-20 Terre Products _ Water Works, 12-27 12-15 Texas Electric Ry. 12- 1 11-10 Texas 12- 1 11-24 $144 12- 1 11-24 12-15 $1.50 ^ 1- 40c 3 12- ^ Corp. Haute 30c — • Milling 4 440c Stores, Inc., common (quar.)——— 7(4 preferred (quar.)— -y—^——— Ludlow Manufacturing & Sales Co.____—„: a—4_—. Die__ & $144 Lincoln Lykens Valley RR. & Coal (s-a )——.— Sunshine 11-19 15c 50c —— — Levy Brothers Co., Ltd. (interim) Lexington Water, ffcpreferred (quar.)—_ 77 pfd. $134 (quar.) (liquidating) $4 Tilo 4 Toledo Ltd. Mines, (quar.)— Madison Square Garden Magnet Consolidated Corp.. 25c — Shirt Co. 11-30 13 c Ltd.—y_'—:•'■ Mines, Magna vox Co,' —————y Manhattan 12-15 46c — 12-10 11-15 11-19 10- 12- 1 11-10 12- 1 11-10 lOc 12-15 11-26 convertible preferred (quar.) —35c Edison, 57c preferred (monthlyI_ 414-;,c preferred (monthly), 50c 12-15 Oil & common Electric Merchants & 11-12 Transportation —... Metal & Thermit Corp., v/v rreferred Meteor Motor common 17 67 preferred 12- 12-29 1 12-15 4 12- 12-10 12- 12-22 12-11 12-10 11-20 75c 12- 1 11-20 75c f (quar.) 1 :: 11-20 208 1 South United La Salle Street Corp. Corp., class (quar.)—— 50c Chemicals, $3 pfcl. United Fuel (quar.) 11-15 11-10 I- 1 11-10 1 11-10 12- 1 11-10 United Public Utilities Corp., $3 pfd. (accu.) $2.25 $2.75 preferred (accumulated$2.06/4 $4.50 preferred B (s-a) $2.25 12- 1 11-10 United States Gypsum, 17 Vac 11-10 Moore • (Tom) taxes * —— Nabco ville, Life Nashua Insurance Gummed Automotive Co. convertible (J. Newmarket J.) Co. Mfg. 11-15 Wabash-Harrison 11-19 Ware 1 (s-a)- Nineteen Hundred Corp., $6 1st 86 11-20 11-20 11-10 11-20 11-10 80c 12 VaC 11-20 West 10c 12-23 75c 12-10 B (quar.) Central class Ry. fir Steel Products preferred Outboard & end Year Pamour Porcupine Parker Pen Co. Mfg. —_ Airlines Co. 12-31 1- 12-31 Y. & Pa, Western preferred (quar.) Pillsbury Flour Mills 12- 8 .12- 8 2-15 2-15 Wcstvaco Weyenberg 1-15 11-19 11- 11-20 1 Wheeling Will & Shoe Mfg, Electric, Baumer 1 12- 11-19 Williamsport Water, 12- 1 11-15 Wiser 12- 1 11-15 1- 1 12- 1 11-23 11-29 11-15 Extra Winters $1 Va 12-13 '11-20 $13:4 12- 1 11-10 25c 12-10 11-16 25c 12-15 12- 12-15 11-20 1-10 $2Va , .12- 4 4 12-31 $1 1 11-15 12- 1 12- 1 - 12- 1 11-10 12- 1 11-19* $1V4 . 1- 3 12-10 $134 1- 4 12-10 75e 12- 1 $2 Va 12-15 12-10 12- 1 Steel 1st 5'V 12-15 Car, 12- 1 11-19 25c 1- 1 12-10 6/4 C 1- 1 preferred conv. conv. preferred (quar.)— preferred (quar.)—— Woolworth (F. W.) Wright-Hargreaves (quar.) — ■ preferred (quar.)— —— Procter & Gamble Co., 5'b pfd. (quar.)-—Public Service Co. 1- 1 12-10 12-15 11-24 41 %C 12- 1 11-20 50c 3.2- 1 67c ■*1{M preferred preferred (monthly)— .—. : . 12-11 1- 3 12-11 11-15 10-30 184-4c 2-15 1-31 1834C 5-15 4-29 is34c —— Co. _ _______ 8-15 40c — Mines, Ltd. (reduced),, Common 12- 7-31 11-10 4614c Mfg. 1-20 4- 3-20 40c 12- 11-10 42c (special) 11-20 2- 50c — 11-26 12- 50c Yale & Towne 1- 50c common— Common Young-Davidson Mines, Ltd —_ ■ 12- 11-12 Below we give the dividends announced in previou» weeks and not yet paid. The list does not include divi¬ dends announced this week> these being given 58 VaC 12- 1 11-20 in the preceding table. Bank and Trust Companies Per Nnme 01 Company Snare Bank of Montreal (quar.)_,____ Bank of Toronto When Payable ttoiaer 1 of Rec. $$112 12- 1 10-30 42V'a 12- 1 11-15 12- —_____ 1 11-10 12- 1 11-15 11-15 10-30 (quar.)— Bankers Trust (Des Moines) (stock dividend) One share of new shares held ,... 1- 3 common for each nine 11-20 $1V4 of Colorado— (monthly) preferred (monthly) .5f"c (quar.) Wrigley (Win.) Jr. Co., 12-10 62 VzC common— preferred 5 11-10 1 1844c conv. 77 11-24 70c 2nd 11- 12- 25c ' Crampton Corp.— 75c conv. preferred, (quar.) 11-20 25c Placer Development, Ltd. (interim) Prentice-Hall, common (quar.)—_— 11-15 25c _ — 11-23 $1/4 — 3 9 11-19 $H4 Pittsburgh b Lake Erie RR. (irregular.) — Pittsburgh Plate Glass Co. (year-end)—___ 1211- 1 11-19 $134 _______ —— (quar.)_ Sl'.a 12-15 12- & Pittsburgh Youngstown & Ashtabula— 5't 10c (quar.)— / 11-10 11-10 1 11-11* 25c — $iya 11-30 12- 11-11* $1 Va ..... 12- 5 11-10 11-10 37VL»c (quar.)— preferred 11- 11-15 11-30 $1 11-10 20c Pittsburgh Coke & Iron, $5 conv. pfd. (quar.) Fort Wayne & Chicago Ry.— Pressed $6 11-19 ic ——35c preferred 1 $1 — common—— (quar.) 11-30 50c v — —...— (quar.) (monthly).— 17c 12-15 Pittsburgh preferred 11-15 (s-a) 67 12-20 ; (quar.15c Candle____— 12-10 Oil Co. 12-15 Products—Ql 1-15 12- 1 Chlorine Oil 1 50c 17 common..... —-— $1)4 pfd. Wcstlnghouse Electric & Mfg., I'M participating preferred 12-21 —_ class A (initial), conv. 12-31 12-21 (s-a) common 1-15 25c (quar.)..r——— (quar.)— Ry., Union Telegraph, $2 (accum.)—— Water, 6"« preferred N. Westgate-Greenland 25c Philadelphia Suburban ; 1- (s-a) preferred (s-a)___ $l'/a Mulliken preferred 11-18 $1% 37'/2C — __ iquar.),— 11-15 31 V4c ————_—_— Common ' (quar.) 12- Supply Western Utilities, 67 Corp.— Philadelphia & Trenton RR. (quar.)—4-4—- fi 11-15 25c Auto J5c Philadelphia Suburban Transportation.^,..- $3 12-15 12- 12-22 25c Pettibone 1- $iy2 (quar.) common 1 1- $1V4 (interim $7 conv. preferred series A Exploration 11-20 Sl/V 40c Mines (quar.) Pennsylvania RR. (year-endi—— Pennsylvania State Water, $7 pfd, (quar.) Corp. 2 75c preferred (quar.) Pensylvania-Dixie Cement Corp— Pennroacl 11-20 12- pfd. Jersey & Seashore RR., guaranteed (s-a) 57c 12-22 50c conv. Petroleum 11-20 12- - 11-16 12-10 t$l34 : ■ Park-Wilshire, vtc. (irreg./y—' Peaslee-Gaulbert, 6 preferred——„——— Patterson-Sargent Co. $1.25 12- 12- 12- Telephone, 67 Western 11-27 10c (quar.)——————— ; 1. Pennsylvania-Central 1 $25c (quar.)————4" Marine Package Machinery Coast Western 3 $1 Va (quar. 11-23 12- $2 —— Inc., common.— preferred (quar.)———————— : (i'r Ontario 1- SIVa (initial) A 1 12-10 40c (s-a).... 12- 10c Siiccial 11-15 $ 1 Va Northrop Aircraft, Northern 4 4 11-23 Hydro-Electric, class B (s-a) 45c preferred (quar.420c Engineering partic. 5 12- —i 12- 12- 7 West Canadian 12-10 11- 9 4 12-15 Wcllinan 1-15 1 11- 12- 11-20 12-23 12- 12- 12-15 25c 11-15 11-15 12-15 12-15 40c (quar.)___..—^ Swasey & .11-15 (irreg.) common 3-10 $144 —— preferred 1 12-15 end) 3-20 12-15 1 (quar.)—.__———„ Corp., $1 50c (year 12-11 11-10 50c - class B (quar.)—— (year Car end)——— common..^,.________ i— Mfg., 12- A Mines Corp. — $l3„, 12- : 1 preferred 1st $1 >4 • — Washington Tin Plate Co. (liquidating>_ $50 Waverly Oil Works____„_20c 12- preferred American North „ Mills Shoals f 'c West (s-a) „C ^ Extra 5 $1 N i le s -B em en t-Pon d 12-10 1-10 Shipbuilding Corp.— Participating stock * 12-20 2-10 $1 Va York Founders shares 11-18 12-13 common—$2>4 Co., 12-22 1-20 60c —— (irregular) 1 62Vfec 4-20 $1 Va New RR. 11-18 12- „$l3t (quar.j_—: $1 Central —— (quar.)$l34 11- $2 Vac —— York (quar,)— preferred 11-10 $ 13 4 (quar.)—— Co. New 1 preferred 11-24 $lV'a -n--- 12- 77. 11-15 15c —w 11-10 $1 17c $4 ——— II-24 end)——:.—" (year ' preferred (quar.)—— 12-15 $1 1 Wamsutta (quar.)——— 12-15 1- 3 - (quar.) Common 11-24 12-31 12- Warner 77c. preferred (quar.) Ry. Detinning , Negus Mines ,Ltd. (interim). preferred 11-26 27VaC Paper (extra) Fibres— Nebraska Power, 6('r 11-26 common 12- 75c , — preferred 1st Co., 11-24 50c (quar.. 12-10 12-10 $144 common 3 12-10 11-20 1 50c Coated & Acme National Newberry — 1 475c 12- (Nash¬ (quar. )_„———_ National 64a (liquidating)—. Accident &, Term.) Raalte Vulcan 12- (quar.) 12-15 $2 75c Liquidating Co. Nashville Van 4 ,'Y (quar.)—- pfd. 87c preferred —— 7'4 (quar.— Works, A preferred (quar.) Valspar Corp., $4 preferred Virginian — . Water 12- class 17c dividend) 27 gallons payable in bulk Kentucky Bour¬ bon. Recipients must pay State & Federal Murphy (G. C.) Co, 12-16 $$1 V4 — (whiskey Distillery 1 ■ preferred, (accum.)—— $3 11- 11- 1- Investments— 12- Montgomery & Erie Co. Ry. (s-a) Montreal Refrigeration & Warehouse— 1111- 11-15 11-15 12- 67c II-30 11-15 4 1 $2 end)— (year 12- 12- 75c ; —- $2.25 com. 12- 12-15 12-18 (s-a)—.-.: Co., (s-a ) 12- 12-15 11-30 A C 12-15 , 3 preferred preferred 11-20 11-30 $4.50 $4 1 440c A B United 11-20 440c Amusement Class $1 »<j 11-20 1 12- 20c (quar.) 11-26 .1 12- , 20c — (quar.)—$1% Triumph Explosives. Inc. (irregularis—— lOc Tyer Rubber, common.—. 50c 11-10 $1.75 • — Tool Chemical 12-20 10c ; — Car Co.—, Machine 12- 25c (quar.) common preferred 1 12- 58MiC — Extra 35c (quar.). (monthly).., Com})any, 11-20 11-10 1 50c (quar.) partic.-pid. (participating) Metal Textile, $3.25 Trion 12-10 12- 35c 4i___————i'i Co, Miners 77c. preferred 25c — . 1 10-14 25c (quar.).. 25c Master 67c 1 20c Coal Roofing, $1.40 12-15 11-20 (quar.10c Pacific Extra —_ Macassa 11-10 12VaC partic. Co. 3 1- 25c (quar.)—..——7—. 1- 475c — class 1 5 $l5c — 11-24 $144 — special preferred (quar.) Kuppenheimer (B.) & Co. Lee (H. D.) Co. (quar.)Leslie Salt Corp. (quar.)— 11-30 8712c —_ . Stuart 11-26 6 12-15 common (quar,) (quar.)—L..—— Corp (s-a) ; Furniture 12.31 50c — 25c (quar.) ——__r—• & Co., common.-..: 6(7 Extra 1.15 $lJ/2 : preferred Kress 12- 12- 20c 4 common Storkline 11-10 1 $1.25 Standard Silica Corp. Stedman Brothers, Ltd., 4 12-10 (quar.)... ——i 11-20 12- 40c, pfd. 5(4 (increased) 12-15 12- $la« (quar.)—," (accum.). (Ohio), 67 preferred Stewart-Warner 12-15 $2 ■ 1 Co, Extra 11-23 12-15 SI Via ; (quar.) Stores, 12- 25c Department Stores (year-endi $6 partic. pfd. A (quar.)— 11-22 1-15 '20c (year-end) King-Seeley Corp. Kinney (G..R.) Co., $5 prior preferred.— 7 (r; 475c \; — Parchment (quar.)___^ Furnace Oil Common 11-19 (initial)-—ry Safety Razor, class A Mill 1st preferred 1 11-10 Kendall Co., Kilburn 11-20 11-16 C'o. & 12- 12-13 12-10 11-10 Petroleum Stove 11-20 12-24 12- preferred (quar.)__ preferred 6(4 1 12-15 —... 12- —-i—— Foundation, com. Kalamazoo 12- 15c (year-end)—50c Sons 50c Gas 12- Paper, 5(4 Kalamazoo Vegetable 11-20 425c Corp. Investment 1 $144 . 11-15 12- $14., Products International International (irregular)- 1 $iVfe — (s-a)-—.—0 Indian Motocycle Co Steel Co. 11-15 12- 25c — 11-25 50c , — (quar.) Oil Indiana Natural 11-15 25c Bway Co., partic. ctfs. (irreg.) Sontag Chain Stores, common— .17 preferred (quar.).—L- Manufacturing 11-10 11-19 preferred (quar.)—_ Water, 6(4 Huntington (accum.) 1 1 12-10 50c . • & — $1.80 class A 11-13 Investment (quar.) — 1 11-30 12-15 50c ^ - Pen 12- —■, . Class 12- 12-15 ?5c f> - 12-15 8 SI Va pfd. D (qunr.)__ (s-a) International 65c 12-14 25c Dotningueic Oil Fields (monthly)———East St. Louis & Interurban Water— " $4 — —- •—. —— (Henry), Omar, preicrred V—----(accum.) 5:75c Consolidated Hotels, $1.50 pfd. Canadian 12- 25c Co., Ltd.,\57t panic, preference,—-.. 410c Servcl, Inc. 25c Sharp & Dohmc, Inc.—25c Holt Nippissing 10- 10-11 11-15 17 Vac : (quar. International 10-11 20c 25c (quai. Congoleum-Nairn. 1; 12-. 1 1 (Los Ang.)— Discount fid preferred 1 11-27 $1 (quar. 11-16 12- 25c —■ 12- 12- 11-30 62 Vac preferred A (quar.)—,——..d-— 11-10 12- 25C (quar.)——-. 1 12-15 30c . 11-10 Second 11-20 11-10 Hollinger Consolidated Gold Mines (monthly ) Muncie 50c 25c i-„. Char is Corp. Q'i. 3 ' (accum., Chain Belt Co. Chapman Valve Mfg. 5it 11-20, 1- 1 1 1 1 11-20 25c $6. conv. Colorado 8. 12- 1212- 1 8 $144 ; —- 11- 12-31 12- Monsanto :11-23 11-10 12- 11-15 80C 11-30 67 11-27 5 25c Joseph Water, 67 pfd. (quar.),—:. Schenley Distillers Corp.— 12-11 11-15 11- 50c 8 12-11 11-30 II-23 11- Royalite Oil Co., Ltd. Joseph Lead 25c 12-15 80C $1 St. 11-15 Rochester Gas & Elec., 50c iU Special Monarch ; St. 11-10 4$i58 : 10-26 12- 11-30 1 11-10 1 12-10 11-30 1 12-11 11- 12-20 12-15 12- 1 12-11 75C (accum.) — 12-15 12- 1- 10-25 12-14 Motors, Inc. (year-end),—— Reynolds Spring Co., Rheem Mfg. Co. (quar. 25c 1 25c 12-11 11- 425c . 1st preferred—, $6 prior Cleveland 12- 1-3 1 25c Corp. (irregular) Mining Co.—— (Canada) (quar.) Hines (Edward) Lumber Co 425c —' $7 prior Extra 1 50c .2nd preferred prior pfd. Hecla 4$i . & South 12- 410c (quar.) $7 prior preferred 12-15 410c ' Catawissa RR., 87 1 3 4S1 preferred (quar.)„.•_.,. class B 12- 1- 1- '40c ——— 11-15 1 12-15 75c (quar.) (quar.- $2 class 12- $l:,i . j Packers, Ltd. Colonial 3 12-14 1 11-15 v. Carman & Co., 'City 11- 1- 65c preferred (quar.■" Burlington Co. Ry. (s-a)_—•—• Vinegars, Ltd. (quar. Exrru 11-24 11-10 11-30 Canada Wire & Cable Co., Class A (Interim) . 12-10 50c 11-15 Water, 77 Central 11-13 12-31 4 Extra 5'* 11-13 $1 (s-a Camden <fe 6\z7. 1 $2.25 RR.-J,-.—' Rent Special : 1 1 40c Buffalo Forge Co. Class 11-20 50c Boston Canada 11-20 12- 50c (quar.I--——--, (quar,)——1.— Borg-Warner Corp. Canada , (s-a)—• V-r $2 Extra Butler 1 1 12-15 America— beneficial interest Units of Bullock 1212- $ 1 Va ___ & Son, 11-16 +75c V Hinde & Dauch Paper 11-15 II-30 50c Brewing Corp. ii Bigclo.w-Sanford Carpet, common—— 12- 37',2C i— (quar. )„_ $4 of Rec. 11- I-15 . Tobacco, Hartman tioiaers Reo 11-16 1 $4'/2 ——— Manufacturing Co, 6t" 12-10 11-30 30c end)-—-.-;-. Berghoff Bird 3 tvnen Payable 11-15 $1 (irregular)- Refractories Per Name oj company 5c. (quar.),,,-,,,— (initial)—.—4— Co. 1 12- 56V»c (quar.)-, <quar.),_,_,-.„....-._^„„„f.. Hazeltine 12-10 412 Vic (year end) (year 1- 12-15 ?,'a 3 437 lac - (s-a—-- Mills, common Belden $1 —: Bjeau Brummel Ties Beaunit • 4:12 Vac (increased) A (initiali 2nd (quar.)—,. (quar.)- $1.20 class A (quar.).._____ Brothers, Class pfd. Ltd. 1- $144 ; Barber-Ellis ' 11-10 1 75c •• Common Beatty 1 7c (quar. A'pco Mossberg Co., v.t.c.--—-----—--------Atlantic Gulf & West Indies, com. (year-end 1 5% non-cum, preferred----. Avondale Mills, common ' 6i« 9 11-20 , —y~~ 12- 30c — Mills, $6 preefrred Union $1/4 $ll/a — Harbison-Walker 11-20 12-10 • —--- common 12- 3 12-10 $14i preferred——, preferred (accum. 1- $1.18*44 Si 4 / preferred (quar.) American of Rec. pre¬ Great Lakes Paper, $2 partic. pref. B (accum.) Great Northern Paper (quar.)——— 1 ' American Gas & Electric, common (qunr.)_, of — Gosnold Grand share each Goodall Securities Corp. Holders Payable Pugct Sound Power & Light, $5 pfd. (quar.) $l>4 Quisett Mills (quar.$i Red Indian Oil., 4 4c (quar.) Goebel Brewing Co. Industrial and Miscellaneous Companies share Co., common convertible preferred 4\'ir'ic 12-21 . for common (irreg.45c <:■ 11-20 (Mass.) Trust (Lewes, • , ~~40c Norfolk 12-20 12-15 12-15 } 11-30 12- 1 ,11-15 Name of Company General Shareholdings Corp. (optional stock dividend series). Cash or 121/1.500th snare • „ Name of Company Banque Canadienne Black Rock ,1—— Nationale (quar.).,—,— Bank & Trust (Conn.) (quar.)__ ,1 $1.50 40c "5».«W,15 Baas THE COMMERCIAL & FINANCIAL CHRONICLE 1980 When Per 30c Dallas National Bank (Dallas, Tex.) (quar.)— ! 1- 4% 12-24 3 11-15 12-24 7% preferred (quar.) Associated Dry Goods Corp., 6% 12-23 12-26 *::■ National First Y First-National Bank f First National 1-2-44 12-24 1-2-44 12-24 1-1 12-29 12-22 i/— J.) N. . & (quarterly) 12-10 Atlas Powder Co. 12-17 12-10 Atlas Kan.) (quar.)_:___ Austin, Nichols & Co., prior A (accum.)____ Autocar Co. 12-15 12-15 Baltimore 12-14 11-15 10-31 Barlow (Chicago) $lJ/a (quar.; (quarterly) Merchants Natl. Bank & Trust (Syracuse) — Mercantile Nat'l Bank (Dallas) Common V; — 40c 12-21 12-25 Pottsville, (N. J.) Bastian-Blessing 12-24 11-15 11- _ & Packing 7% 12-24 preferred (Chambersburg, Pa.) (quar.)* Nat'l Metropolitan Bk. (Wash., D. C.) (extra) National Security Bank (Chicago) (quar.)— Pacific Nat'l Bank (Seattle, Wash.) (quar.) 1-3-44 1-3-44 12-24 Belding-Heminway 12-31 12-31 Bell : (Montreal) Provincial Bank • Bank Seal tie-First National South Commercial Texas (Houston) (special) 12-31 12- 1 11-15 12-30 12-24 tSl'/4 25c — 12- tSl'/a 12-11 ; —-—;.t Trade Bank & Trust (N. Y.) (stock dividend) for each share 1 J/a % 12-22 S. Whitney Nat'l (Portland, Ore.) Bank Fund, Woven Industrial and 12-15 Boyertown 1-3-44 12-22 Brandon 1- 35c (quar/)— 12-20 3 Steel Co. Acme . (quar.) ** Corp., Inc. 12-11 75c — 11-16 12- 1 11-15 1 11-15 11-20 11- 11-18 11- 9 12- 11-12 12- 8 8 11-15 11-30 11-15 Extra _ 50c 12-11 1- 11-15 10-30 Burial Aeronautical — Casket 50% 12- 7% A Alabama 1- Service Co., $6 Albany & Vermont RR. <s-a)__ 11-15 • '7% preferred (quar.)———— Co. 1 11- 8 I- 3 12- 3 1 11-13 11-17 11- 11-15 10-30 11-20 11-15 10-30 12-29 12-18 12-22 12- 12- 11-15 11-15 11- Allied 15c 12- 1 Mills 50c 12- 1 11-10 — Allied Products Class Corp., 50c (quar.ii common A Allis-Chalmers . American Arch American Automobile Co. Class B (year end) American Chain Co. 12-24 12-24 12-31 B Consolidated Biscuit Edison Co. Vultee 12- 1 11-15 II-29 11-19 25c 11-29 11-19 $1.75 (quar.)—— shares of —• on .-,•■*, i ' class B Furniture 5% conv. $2 5% 6% News Optical Co. Co. (P. H.) 12-30 12-15 5% conv. 12-15 5% non-cum. preferred 1- 3 12-11 1-3 12-11 Co. Water Service, preferred B Dominion 11-15 11- 8 Canada lion $1.50 12-10 11-19 Canada Malting, 12-10 12VaC 12- 11-20 Canada 7% 11-10 Ltd. Northern • Bakeries, 11-15 11-15 11-13* Canadian $l'/4 25c :: SlVa. —— 30c (N. i 1- 1 12-15 Canadian I- 1 12-15 Canadian 12-15* : Food 12-15* 1 11-19 Class 12-1 11-19 Canadian 11-15 11- 1 12-13 Canadian 10c $1% 50c 5 12 -15 12- 12- 3 12- 11-19 Oil Cos. 1 II-15 11- 5 6% preferred A 12-15 11-15 12-15 11-15 Case 11-15 10-22 12- 11-13 Caterpillar Tractor Co. (quar.) Central Foundry, 5%' conv. pfd. 1 6% I.) Illinois Public 50c 12-15 11-30 $6 1- 3 12-20 Central 1- 1 11-30 5%- 75c 12- 1 11-10 ,75c 130c 12- 1 $6 preferred (quar.) 6% preferred (quar.) 12- 1 11-10 £15c 12- 1 11-10 Tobacco Class B- Co., common (quar.) (quar.)—. Ampco Metal. 6% — preferred (s-a) —_ Anglo-Canadian Telephone, class A (quar.)— Arcade Cotton Mills, common (quar.) 6% preferred (s-a)_. 11-10 — Archer-Daniels-Midland Arden Argo Farms Co.. Oil Corp. $3 $6 & Co. $3 12-21 12-15 50c 12- 1 11-20 75c 12- 1 11-20 (quar.)...— — ... preferred (accum.)——. 6% preferred (accum.) preferred Maine series preferred 7%' preferred Central Ohio Co., common—— Light $6 preferred Central Surety f85c 153c •. & 1- 1 Extra & Insurance Quarterly Central $6 12-21 Public Extra 5% on class preferred A 11-30 6% nartlcipating and 7% pfd. preferred 12- 1 5 Dolese 6 11- 5 $50(5, 12- 1 11- 1 & Shepard 3 $2c 12-22 11-17 11-15 11- 1 1 12-10 11-23 3 •12-13 60c ■ $1.75 50c $m;* 1^ 1-3 1- ;12-13 ' 3 II-30 12- 12-i'l <11-15 11117 1 • -">i/ ■ ;:* $4 11-15 11-^ Bridge II-15 11-8 10c 11-30 11-29 $1.50 12- 1 12-10 1 12-10 1 * Shore $1.50 ?Rc $l'/a Co., 11- Public 12- 1 J. 1-20 3-1-44 75c 2-10-44 12- 1 11-12 11-15 10-31. 11-15 11- 5 5 ' 11-15 11- 11-15 10-20 12-1 11-15 11-25 10-30 $$1.88 _ 1- 2 12-10 $87: '4c Steel 1 11-20 12- 1 11- $10c 12-20 $5 1 11-22 75c 11-15 preferred vtc. Utilities 12- 11-20 Eckhardt & Becker 12-10 11 -*>4 Electric 1 12-15 Eddy. Paper 11-1 $1.25 11-15 11- 12rl0 11-20 $1 Vi. 1- 1- ■; 12-20 si'.2 1-2 12-15 30c quar.i__ 1 12-10 $1.50 pfd. 1- 2 $1 Va common 1212- 11-20. 12-15' 1 $ 1") 8 Inc., 1 25c 12-15 12- 3 50C 1- 3 12- 3 $25c 12- 1 11-10 $l'/4 (quar.) (accum.)" Assoc'ates Manufacturing 2 11-24 llr- 8 37 Vac (quar. (quar, Products 12- :',.1:50c 12- 6 Sugar Associates— Special 11-20 ; ;___ 10-30 1- 11-20 $$1.25 * Service. $6 Lines preferred 11-15 1 ■ (quar.). Steamship Eastern 1 11-20 '• 1 12- I 25c common. preferred conv. Eastern ;11-13 12-' I 12r $1.25 '•• ■ ' $2 \J1-20 25c (accum.) Durham hosiery Mills, 6% pfd. A 1 Eagle Pic'her Lead, com. (year-end) 6% preferred (quar. Eastern 1 1 ' Envelope & Cartons— Chemical $6 '/'a 1212- $30c preferred -;5% preferred (quarterly) Duri'ife Brkdstreet. common Eastern •12-23 :12-23 25 c (quar, 6% Stores, Ltd, (quar. Douglas Aircraft Co. * $5 11-15 11-15 25c Dominion 11-15 I- 50C Co, - 8 1 1 37'/be. Anglo Investment Corp.— preferred (quar.i Dominion Coal Co., Dow 12- 12- $2 Dominion 1212- 12-1 12-14 30c 7% preferred (Western) (quar.) Dominion-Scottish Investments— 5% preferred (accum.) 12-15 12-10 11-15 121-14 . «1ai Co. 1 50c 1 ;* $i'/4 Dominion & Dominion * $13/4 — 12- 1-3 12- , 25c, ___/ 11- Eaton — 1 3 $l3a (s-a)________ 3 I- Corp.— (quar.) 11- 12- H-15: B__.V_^__ 12- Eastern Champion Paper & Fibre, common (quar.) ' 6%- preferred (quar.).. Mills, 11-19 12-24 1 „ 12- 6 1:S2 Co.— 12-10 Ribbon 50c 12- pfd. (quar.) J 25c 12-10 Century 1 1- 3-44 12-20 ;■75c (quar.) Wing Paper, 5% pfd. (quar. Dodge Mfg. Co. (Indiana) iquar, Extra / 12-10 ——__— 11-19 12- *'..;/ 25c Diem & 1 (quar.) 12-10 11-29 $7 Diamond Match Co. 2 1 (Mo.)— 12-23 8 Co.— 1- 1- ——- 11- 35c 1 quar. I—_— Diamond Alkali 11-15 1- Corp. 5 2 12-15 40C Denver Union Stockyards, 5%% 1 $1% Service 6 11-13 75c Detroit Gasket & Mfg., 6% pfd. (quar.),..—/• Devoe & Raynolds Co. Inc., class A (quar.t'i Class B (quar.) 12- Sl'/a 10-16 preferred : Co., 7% preferred (quar.) Dentist's Supply, common (quar.) 7% preferred (ouar.) 11-15 1- — Vermont 11- all .• 1 $1 '/a —_ ' 1 12- $3 Deere & 11-15 1-10 —_____—_ Power 11-15' 12- • 12- 75c 12- 62Vac (quar.), 11-30* 10-15. 12-15' $2 : '(payment clears (accum.) $25c — ■ (quar,) 12-15 1 11-19* 10c arrears) 10-30 ——.: (quar,) 11-15 3 12-20 1 1- 10c 1- 1-15 12- $4 (accum.)_, Power / *■/; (Mo.)__ \'preferred ———■— 10-16 $lVa 12-20 t$ .l Vi ' (quar.)— „ 11-15 (111.) prior 1-25 50c 15c ... conv. 12-15 <s-a)_ Extra Armour 12-21 —.... ... preferred $1 11-15 Co.— Service 12 V;c American 11-15 t$1.75 —— (quar.)— 7% pfd. (quar.i—— Co., 87 Vac 5 10-31 12-15 $25c preferred B (J. (quar,)*—— Foundries 11- 11-15 12-15 $1.50 20c $1 /.i}$3 11-24 f 15c (quar,)-— 11-30 Steel 1 11-15 $20c 50c ; «* 1 12- (quarterly)———— Carpenter Steel (interim.)—.-—— Carthage Mills Inc., common Central _'ii. 12- 12-16 3 12-28 & Refining Co.— — 12-16 5%' preferred (accum.) —— ; Canadian Malartic Gold Mines (interim).—- 11-10 6 11-15 $$l'/a Publishing Co., $4 prior pfd. (quar.): $4 prior pfd. 5% 1 20c (irregular) 12-10 Curtis Trust— 1- $1.75 Y.) (quar.)—jj.L:—— 12-1 25c B "(interim)-— 12- : $l'/4.. ' prior preference (quar.) (s-a) ?50c ic. 50c . ^. . 12- 5c 7% pfd. (accum.) (paym't clears all arrears) Decca Records Inc. ; (quar.)::—; (quar. 25c - 11-26 Cushman's Sons— (interim)—— Invest. U-10 12- Sllb 10-30 Foreign Investment Corp.— International 12-1 12-10 4314C; 10-30 preferred (quar.)_ : Canadian Industrial Alcohol, class A (interim)1 12-31 11-20, 12-10 $50c 10-30 8% 12- 10-30 12-1 12-15 56'be . +25c ' Products 11-15 12-15 25c 50c 11-15 11-15 12-31 11-15 10-29 10-30 1 5c preferred (quar. 50c |50c 1 12-15 11-15 12- IOC 11-15 _ Fairbanks-Morse 10-25 87'a c (init'al)__— 11-15 it!" — 11-15 ' 10-30 (quar.) 1 50c American Corp,, com. 11-18 $1 $ 1'/4 n 10-15 $50C 1 50c Mfg. 11-18 $ 12c 11-20 t37'/a<i pfd. (s-a)___:_ 1 $ll/a A 12-15 11-30 11-30 $$1.75 $30c >: 37 lac partic. American Thermos Bottle, pfd. (quar,).—:., American Thread, 5% preferred (s-ai—— . 6% 5% class 5 1-3-44 $1 ... Cunningham Drug Stores— 6% 12-15 ;: Crown Zellerbach Corp.. $5 conv, pfd, (quar.) Crow's Nest Pass Coal (interim)__ Crum & Forster, 8% preferred (quar. Culver & Port Clinton RR. (extra) J 1 :yt$V/2 12- 62VaC 11- 1:20c 12- 12- 11-15 11-22 si preferred (quar;)a__— 4Va%- 12-20 1-3-44 8 20C & Seal, Ltd. (quar.) Drug Co;, common—.—— preferred (quar.)_____; Press, 11- \i $1% — Cork Cuneo 11-20 (quar.i—:::. $2,25 .preferred: (quar..)//:——/_!"'• 7% 10-29 $114 11-15 > preferred (quar.)— Canadian (quar.)_- 11- $1% 37'/2C (quar.)___-^^. Power preferred 11-22 11-23 11-30 75c 62 '/2C class A (quar,)' 12- 15c 1 2%% pfd. (quar,)' Canadian Breweries, $3.40 preferred (qiiar.). Canadian Car & Foundry, partic. pfd. (quar.) I- 11- J50C 11-15 1 11-15 25c (quar.)___ 20c < 12-20 ; Curtis pfd. A (quar.) 75c —. 12-20 3 11-19 11-15 1 3 (year end) Foundries, $2 37'/aC 6% Sugar Ginger Ale $1.75 12- 12- 1- 25c (quar.) 11-25 50c 12-10 Wirefess & 1 1 5 I- (quar.)___ 12- $1 V\ 5 11- 31V4C ^ (Holding) Ltd.— 5!/a% preference (s-a) California Packing Corp., common (quar.)— .' 5 % preferred (quarterly) 1 11- 1 3IV4C (quar.) ; Cable 1 5 $50c _______ preferred B Jackson 11-15 12-1 25C (quar.) 1 12- 37'/ac 1 1 15c preferred (quar.)__. Co., common (initial)______ $1% Safety Ra?.or ——_ Ship Building.————„ Common common convertible 12-30 12- 12- 1 $1 Va (year-end). 12- & Year-endAmerican 11-15 12-15 12- 11-20 Central Petroleum Corp. (resumed)—, Crown Cork & Seal Co., common 11-15 12-15 1 (initial) Brewing Co. 1 Dry preferred (quar.)———'* American Smelting Croft 12- 12-15 12- 31 »/4C 12- ■ Crown 1 75c Canada American Paper Goods Co.. 7ef» pfd. .(quar.) American Radiator & Standard Sanitaryv com.'' American 11-10 11- 1 Bush : Canada Foundries & Forgings, Class B common —u- Rolling Mill 1 12- 11-15 12- 11-19 Byron 11- Crane Co,, 12-1 10-22* 11-5 11-15 Creameries of America, common $3Va preferred 1 quar.). Crown 11-15. 12-15 50c 11-15 Crown Butler 12-23 40c Y. 11-12 11-15 12-15 10c (quar.)___ common- 11-15 50c , 5 11-15 12- 25c ^ 5 1 11-25 5% 11- 12- 11-25 1 11-19 1 $1 '/a N. ; r Corp.____: 11- 3 45c 11-15 11- 5 75c 11-24 11-10 $2.37'/a (year-endil___^ (quar.) 11-26 11-10 Brewing Co. (irreg.)__;_ 2c J 25c Boat 11-18. 50c ! I 12-24 12-22 (quar.)__ 8c 50c 12-31 12- 11- Corporate Investors Ltd., class A (Irregular>• Corrugated Paper Box Co.,,7% preferred Cosmos Imperial Mills, Ltd. (quar. 10-29 12-30 v.t.c. M 11-15 11-20 40c : Canada (quar.) American 1 A m 11-15 1 Bay Lumber Co. (initial)— Coronado Hotel (St. Louis)— * 10-30 1 12- 55c Coos Class 11-15 ' 1 1 12- Concen- & 62%c Co. 11- 11-15 $l'/4 common 11-12 (bi-monthly) Re-Insurance 1 7quar,) ; Adding Machine (quar.) Terminal BIdgs., 7% pfd. (accum. )_^__ 5% 75c 11-15 11-24 12- preferred (quar. Wagon & Machine Co.— participating 1 1 12- Cook Paint & Varnish, common $4 preferred (quar.i 1 3c (quar.):: American 11- 7% 12- 12-15 60c 2c Mining 12- — Special 7% Sullivan 2 $2 pfd. (quar.)—— preferred (quar.)—— American 11-19 11-15 : Mfg. Co 3 Co., Ltd., common....;.: American & 1- (quar.) Metal 12-15 (quar;) (F.) 12- (quar.) preferred American 12-20 20C (quar.i 75c —.... (quar.) preferred 1 3 1- $1.25 (quar.) Ang.t 12 Vac (quar.) Manufacturing Co., 12- 12 Vac — (quar.) preference 11-20 11-15 12-15 (quar.) preferred 6% Products (monthly 1 American Investment Co. of Illinois, common . Hill California American Home American 1 12-15 4 15c •_„— — American $3 preferred Co. — Forging & Socket Co. preferred 12- 10 c 12- 15c — American $214 50C ■,::*■'* 25c ; 12- 1 11- c 25c (quar.)__ 12- 50c Envelope Co., 7% pfd. A (quar,): American Export Lines, 5% pfd. (quar.) American & Foreign Pwr. Co., $6 pfd. (accum.) American General Corp., 11-20 15c one (accum.): 1 .,*•'■ trating 5% 11-15 (quar.) of 10-20 10-20 40c Container Corp. of America Continental Steel Corp., 7% pfd. (quar.)...;./ Continental Telephone, 6'/a% pfd. 40C 75C — (quar.) preferred 11-26 12- Co. 1 10-20 Sl'/4 *___'_ Consumers Co., $3 preferred (accum.) Consumers Glass Co.. Ltd. (quar. $ 1 Vi $2y2 American $7 12-10 $l'/4 — 5 11-15 11-15 11-15 Liquidating Burrougns S1V4 stock... common preference 87'/a C (quar.) (quar.) Burlington Mills Corp., share of pref-. erence to each 13 Vb shares of class A or 5% 11-26 * Burkart 12-15. (payable in company's 5% preference the 11-26 10-20 68 3/4 convertible Consolidated 11-30 class A & B stock, in the ratio of 11- 11-19 $4c pfd. Aircraft, 12-10 11-19 3 11-15 62 '/a c Power, 6% Consolidated 2 1- 50c _———' (quar.)., Inc. (Los River 3-24 Mfg., $5 prior preferred Inc. Connecticut 10-14 12-10 3 12- $i'/4 ireducedi 1 12-15 12-31 Ltd. 3-31 11-30 7 12- $$J '/a Mines 12- 25c 11-10 $l'/4* Quarterly til $1% 11-19 Sl'/a . . 11-20 (quar.) 12- 1 — 1 . Machine Butler Bros., preferred (quar.) American Cyanainid Co., class A (quar.) Class ; 5 Conde Nast Publications (special Confederation Life Association (Ontario) 25c -. 5% Stock dividend Bunker 11-10 50c (quarterly)_——— Cable, common.. & 11- Insurance (St. Louis i— Bakeries, class A Can 11-10 1 (quarterly)___^.___ (quarterly) (quarterly) Columbia Pictures Coip., $2.75 conv. pfd.___ Commonwealth Telephone, $5 pfd. iquar.).: Community Public Service (quar. Compania Swift International; see Swift Concord Gas, 7% preferred (accum.) ; A 1 (quar. common 12-31 12- 11-27 10c ; series preferred Si.25 10-30 10-26 90c common 1- Sl'/a 1 1 90c V !— 1 Electric, 12- 1 12- 11-15 $1.25 preference Preferred 5% 6% $1 —i._:: American 6 & Consolidated *;Extra.: Bullock's 11-30 25c . 6 12-15 +30c ' (irregular) Quarterly. American & 12- (year-end 12-31 12V2c GJ 12- 12- '(year-end Gas Coniaurum . (quar. Falls (E. $1.3/* - Hills Die 15c Inc/(quar/) Aluminum Manufacturers, common (quar.) — ■< 7% preferred (quar.)„— ———— Amalgamated Electric Corp. (interim)-— Co., Co. Budd 12- . $iy2 Shoe Buell 1 12-15 Connecticut Light & Power, $2.20 pfd,(quar.) $2.40 preferred (quar. Connecticut Power Co. (quar,)„____________ ■ li^g* $3 $25c 12'/be 25c 11- 25c 12-11 12- 12-. 1 iquar.)__..■ 11-15 $3'/2 Silk Mills (interim)_______ Brunswick-Balke-Collender Co;, common *$5 preferred (quar.)■ Buckeye .Pipe Line Co. 12-11 12-22 4'$2 . L.i 12-11 12-21 U2 ; pfd. (quar.) (payable in U. S, funds). Aluminum Industries ' 2 25c Cement Aluminium, Ltd., common (quar.)—:——— Special ——— 6% 1- 50c (j'ear-end)ii„—. Mfg. 12-27 43%c 4— Alpha Portland 12-27 $1 • (E. Buck 1 12-15 $1.06 «/4 pfd, 10-29 Bruck 11-15 Allied 5'r 50C 3Va% preferred (quar.)_ Brooklyn Telegraph & Messenger 8 25c 1 1 12- (quar.) 37'/a C 1 (quar.)———: Laboratories Inc.-;—_ Corp., Iron 11-15 : preferred Brown 1 * 12- Broadcasting System Inc.—- B 5% 12- 12-15 i (quar.)______ A;kman A Columbia 11-10 12-15 12-15 (quar.)__„_ common 11-26 iquar.i-. Co. 95c Allied Kid Co. . Motor 12- : 2 Class 11-26 11-20 75 c (s-a) 11-20 (s-a) Extra Bruce 1 preferred Ltd. 16c Co. Brooklyn Edison Co., Inc. 1 Co.. 50c (interim) 12- $1% J—../«■ Plow • . 68 34 c (quar. )„_ . $lVa Super Markets, 6% pfd. (quar.)—— Allegheny Ludlum Steel, common (year end) 10-25 12- 12- __________________ 11-15 $1.50 pfd. i.quar.)i, Alberts 12-18 1 Light & Power—- (interim) $1 Water 11-20 11-13 12- $1 (accum.) 7% 1 11-24 $2'/a 11-25 5 ■s ;11-20 :•> $1 (accum.) preferred 1 ** 1 $1% (accum.)___: 12-10 11-30 20c — stock dividend 11-17 ■ 12-15 50c ' : 11-30 2 31'/4C : (s-ai_ 3 12- » 11-10 $13.20 1- & 1 Angeles _ 1 Colgate-Palmolive-Peel, Sl'/a R.ubber Co. 12- 15c Products Airplane & Marine Instrument . .: (year-end Cockshutt $4'/a 12- 1 $1 11-20 Collins 11-10 $1.50 11-30 1 12- 1 50c (s-a 1 3 11- 12-20 . (quar.i (Los 1- 11-15 Co.— International Corp.— A 9 12- — Electric (qua r___ A Common .'Class l'/ac (year-end 1 class Coca-Cola 6 (quar.i & Bottling Extra 11-13 1 87'/a C —- _____ Corp., Brockway ' (year-end)-— 12- 2 Gas Co. 11- 12- RR.— (quar.i__._/__-_„-______;:,_:. 1st preferred Cola $3 10-29 12-15 40c (quar.)_ A Bristol-Myers 11-16 50c —^ Acme Wire 1 12- Mines guaranteed Coca -Cola 11-23 $1V4 ___^ — Pittsburgh stock Counties 5% Coca 11-15 12- ^ . 1 & Special Coast . 4 15c 25c ; 1st pfd. Hose & Brazilian Traction Companies Miscellaneous Regular 12- (quar.i Clayton Silver Cleveland 11-13 S1V4 common common..,: Class Ordinary / 8 11-12 11-27 50c. - Orleans & Texas Ry.— preferred 11-26 75c Class 75c Orleans); (quar.) (New (quar.) (quar.) (H. C.), 7% 1-3-44 Bank Nat'l Steel Boston 12-10 11- 1 12- 5% Columbia Bourjois, Inc., $2.75 pfd. (quar.). -.Quarterly* U. Bohack — 11-12 $1% 3-31 9-30 11-15 ■_ Copper Co._ Class 4-1-44 6-30 Cincinnati New 11-30 11-24 10% 7f,x preferred (ouar.)_____ Blue Ridge Corp., $3 conv. pfd. (quar.)— ■J3 share of common stock or 75c In cash__ Boeing Airplane Co.___ 12-20 Chile 10 Bethlehem 7-1-44 11-30 . (quar.) Company Boston held:—— (Youngstown, O,) each 11-20 $2.50 12-21-44 — Bank for Association--- 12-31 10-2-44 6-14-44 12-10 20c ____________ 11-22 $2.50 3-14-44 25c 10-14-44 9-14-44 t$l preferred (quar.) & 11-19 1 25c 7-14-44 SI Cement, 11-20 12- (quarterly^_________ 25c 4-14-44 10c outstanding) preferred 11-15 Quarterly Quarterly Colorado Fuel & Limestone & 11-15 1 12-10 Quarterly (quar.)____ share 1 12- 15C — 11-22 $$1.75 (one Oil urregaian 11-15 $25c 1-3-44 $2.50 share conv. Cotton coutinon 1 (quar.)__ $2.50 •' Natl. $5 6% 11-22 Oiuer, 12-15 30c «• (quar.) $2.50 " $2.50 l/15th now preferred Bessemer 12-28 Bank — Quarterly Union $7 12-15 Mail 12- 15c class A (quar.) Berkshire Fine Spinning 10-30 1-3 A iquar.i Co. 12- 75c 25c 1-14-44 12-14-44 Corp.— dividend shares 12-28 Best — Quarterly Stock 12-31 40c (quar.) National Quarterly ; t..\ 12-21 1-1-44 $2 ' (quar.) -i.—J— Puget Sound Nat'l Bajik (Tacoma) (quar.) Royal Bank of Canada (quar.)—-— $8 $ 1 Va Aircraft !>2.25 — 25c 1-15 5c (quar.) $1 25c Bank 1 11-24 Chickasha 1 40c common 11- 12- Chicago Yellow Cab Co. (quar. $1 25c Munsey Trust Co. (Wash, D. C.) (quar.)— National Co. Ltd., 12- 75c hcld)_ common 11-26 2- 15c Year-end Belding-Corticelli 1 each 12-10 15c (year-end) Paper, 5 Chicago •. 50c (quar.)____.__ Co. Power Beech-Nut 10-30 11-15 12-31 $1 (quar.) Pa. (extra ) Co. 11- 11-10 20c Bathurst 50 c Bank of Seelig Mfg. Co., $1.20 cl. O.l 10-29 11-15 "• $1 '/a ; .... Extra 12-26 $1.13 (quar.) Miners ^Nat'l Morristown Trust 12-31 & Barnsdall 3-44 12-18 1- 40c MScantUeyNaT'l"Bank~ ; Show Radio Inc., common preferred (quar. 1 Bandini Petroleum Co. (quar.Barcalo Mfg. Co. (s-a). 12-10 f$l ''; for 20c / 3%% •' new 11-22 30C 6% (Ontario) ; 11-20 40c 12-21 (Milw.) — Bank Exchange National Marine 1 preference 11-10 (increased_ Ry.— (l/10th share of Chestnut Hill RR. (quar.)__ Chicago Corp.— $3 pfd. (this payment clears all arrears) $3 preferred (quar.) 4 11-10 12- 20C (irregulari____u__-_. 12-21 40C (Ltd.) London & Western Trusts Co. 11-12 11-19 11-15 11-15 • 75c Ltd. 12-31 — 11-12 1 $1 $lVa (quar.)- (Chicago) Bank 1 12- 25c (quar.i.......^.. 12-31 „ 12- 1 15c $ J.oO . _______—__— of Va. onio m Stock dividend 11-10 10c jjiCi. / of Rec, 11-24 15c (irregular).. Corp. Mines Cne^apeane 62'/a c $2 (Wichita, Bank National Gold Chesapeake Corp. 11-15 11-12 Holder$ Payable 25 c $2'/a (year-end 1 Corp. Ordnance Aunor 11-15 1 12- w.,. <•>« — 1 $1.50 25C — / Fourth Nat'l Tack Auto Quarterly Industrial preferred jtniB. (quar.). 1 12- thare > . 12- 12-21 ~ 81 % C (s-a).:_:) ' 6% 12-17 Bk. & Trust Co. (Oklahoma City)— First Natl. Fe Ry. Co preferred. Special 12-22/ Corp. Extra 12- $1.75 Sante 6% vy«»ct^Vaive Charis ,<■ _______________—a—_____i Co. 12- 37'/aC (s-at $2.50 prior preference (quar. Atlantic Refining Co (Montclair, Co. Trust & L.ght, Atlas Corp., 5c Nat'f~Bank Gas 11-15 $4.50 pfd. Atlantic Coast Line RR., 5% pfd. Atlantic Rayon Corp., common Bank (Tatnaqua, Pa.) First Topeka 75c Atlanta 40c (quar.) Corp., 11-15 1 10c (trreg.).. preferred (quar.) ; preferred (quar.).... 11-24 $1 70c ■ 2nd 11-24 $2 '/a fquar,) Bank (Portland, Ore.) (San Jose) 1st 1 12- Belt 25c .... com., 1 50c ■ ■ 1 12-15 12- Chain $1% common., Astor Financial Atchison 50c 12- Name of Company-- 8 $1. ;—. 12-1 12- $1 . Monthly. Corp., 7% 12-20 (12-31 11- When Per of Re0 1 $1 Artloom 1-1-44 12- $1 (quar.)^..^ 12-31 •12-30 Payable 25c Class B First Nat'l Bank (Palm Beach)— v preferred conv. share (interim) Armstrong Rubber, class A 10-30 $3 V' Company common 12-44 $1 $lVa Monthly Co.. 11-15 1-3-44 $i; Tenn.) (quar.)— Armstrong Cork 1-1-44 $2 First Nat'l Bank (Memphis, Name of 12-21 12-30 $l'/a (Chicago) Bank National 2 Monday, November 15, 1943 Wheni Holders Per of Rec 1-3-44 30c 40c I (quar.) Fidelity-Philadelphia Trust Co. (quar. Fifth Third Union Trust Co. (Cinn.) (quar.) First Nat'l Bank (Cincinnati, O.) (quar.)— First National Bank (Jersey City) (quar.)— Drovers , 1- 50c Cep.tre.J-Nat'l Bank (Richmond, Va.) (quar.) County Trust Co. of Maryland (annual)__x_ r Pau'ble Share Name of Company Boatmen's Nat'l Bank of St. Louis (quar.)__ Holderx 11-11 121 3 11-18 12- 3 11-13 w 1§M t } H !;V^ m ■ I Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 158 Per Name of Elgin Ely Co Payable ER., $5 preferred (quar.) Eversharp, Inc., 5% preferred Ex-Cell-O Corp. (quar.) L- Fairbanks, Extra & Morse ; Co. ; > Brewing, Extra Bake Shops, Federal Huston 11-15 12-15 11-30 12-15 11-20 $3 conv. pfd. (quar.) (quar.) Huttig Sash & Door, I'fo preferred (quar.)__ Illinois Iowa Power, 5r!o pfd. (accum. 12- 1 11-20 Illinois Municipal Water, 1- Zinc Quarterly Ingersoll-Rand 4- $7 pfd. (accum.) 77o preferred Pitt Fort 77<> 12-11 12-31 12-11 11-15* International 1212- 6 International 10-15 Iron 20c 11-15 10-20 Island 12- 11-15 _ 12- 10-30 Kingsburg 11-15 Kinney (G, 11-16 Klein; (D. Knickerbocker 35c 12- 1 11-20 $1 (4 (quar.)—— 12- ^ 11-20 12-1 11-20 11-15 11- Kresge 30c Special 5 10-31 II-16 11-10 11-15 11- 1 25c 11-15 11- 5 I'M II-15 11- 5 11-15 11- 5 12- 1 11-13 11-25 11-10 Acceptance Corp., pfd. $1 (quar.).- $1% 25c - Industries General Motors — (irregi) Corp. $5 preferred 30c (quar.)——- Paint Class General ■6% Corp.. General Steel Castings, General Gimbel Goebel Stock Golden $1(4 11-15 11- 11-15 75c 11-23 11- 12-10 1-25 Co. Co. Mills, 5%; Co. ((quar,)— Leland 11-15 Life 50c >12-15 12- 1 (s-ai— 62 Vic 1 12- 1 11-15 11-30 11-10 $1.80 prior pfd. Link (s-a) 90c 11-15 11- 11-15 11- 12-15 11-19 8c 12-15 10c 12-10 12- 25c 11-15 10-29 ————_—75c 11-15 10-29 (N. Y.) is-at____ .Extra-————— (initial).—.—— Lakes Dredge & Dock Great Lakes Paper • ■ _ Great American Industries <quar.)___ _ Liquid 1 (accum.)—.i-i- 75c 12-31 12- Great Northern Ry., preferred ,i„ Greyhound Corp., common (quar.)j——— Extra : $1 12-13 12-21 25c 12-21 12-10 — 5V»'M /preferred (quar.). Griggs, Western 1334C 12-21 (irregular). $1 'A —50c Brewery 11-24 (quar.) _ — preferred 5(V> preferred Hajoca Corp., 6% Hale preferred F.) $1.50 12- 1 Cotton Hamilton Watch, 12- 1 1 10-30 12- 1 11-12 (quar.l______. common 25c 12-20 (quar,)$1.121/a. QrM /. 11-10 12- $lVb pfd. (quar.,)— class A (quar.) 1- 12- 6'A 11-15 11- 50c Hawaiian Hecla pl'd. Co. ' $1.25 G7b 25c , (quar. )_.L^___ (quar.)______ preferred Corp., 47r preferred A Heyvvood-Wakefield, preferred 57" all .• (quar.)-4— 57o (accum.) $1 ; —• B (quar.) 12- 11-15 11-15 11-30 11-19 12-31 12-21 Natomas : 20c $1, 32c 11- 9 Neiman-Marcus 11- 9 Neisner E.) Co. 20 1-3 Electrochemical 15c 11-26 12-14 1-28 1-18 i $iya 11-18 11-15. 11-30 11- 11-15 10-30 11-15 5 10-30 Horn (A. C.)— partic. preferred .(quar.)___ 45c I'M non-cum. prior prefeired (quar.)—83/4C Horn & Hardart Co. (N. Y.), pfd. (quar.) $1.25 1' 12- 1 11-12 12- 1 11-12 12- 1 11-12 12- 1 11-12. 11-20 11- 6 12- 11- $6 5 Fxt.ra Ltd Mead $6 10-30 25C 12-17 11-15 iquar.)__ preferred $1.25 12- Bros/ Co,; 17, 1st I'M 2nd preferred (quar.) (quarterly)™-— 6% preferred preferred (quarterly) $2 1-15 11-19 preferred conv. 3 12-11 New 1' 1-15 50c 12-10 11-24 12- 1 11- 2 12- 1 11- 2 12- 1 11- 2 12- 1 11- 2 11-30 11-20 Zinc York Auction York Mutual York & non-cum. preferred York State Hundred Class North 3 12-24 12-11 11-15 1 11-20 9-30 9-30 American Common 5.10% Electric Railway, div.) com. 1 for of each (subject to approval preferred (quar.) of preferred River 100 Insurance Co. $l3/4 11-15 11-15 11- $1.62'/2 ■ 1-3-44 50c $3 (quar.)_____ common 25c 11-15 1- 12- 3 1 shs. held 1- Northwestern Telegraph 12-10 25c + pfd. Moffat & $1 Vz AA 11- 2 5 50c 1- 1 12-25 12-10 11-15 12- 11-15 I'M (quar.)_____, 11-19 12-15 ,12- 1 11-13 12-30 12-15 11-15 10-30 $$134 12- 1 1- 3 11-26 25c 12-15 >11-13 25c 12-15 11-13 ; $1(8 Co., 6% preferred 1 (quar.i_^__™t; 1 11- 9 Farm Equipment, common (irreg.)_. & Quebec Ry. (s-a)___ lJ. ,i_. Silknit, Ltd., 17c preferred (accum .) Ontario Steel Products, Ltd., com. (interin i) 12-* 1 11-15 'i* $ 1.50 12- 11-17 . $1( 4 .. •n-t$3 1 11-24 6 11- 1 11-15 11- 1 $25c (quar.) 11-15 10-15 $S134 12- 11- 1 t$l Ontario preferred 12- 10-29 Vi. $1.75 — Ontario *" S7 11-30 11-15 75c pfd. 12- 11-15 25c Co 12- 11-15 12- 11-15 4334c (quar.) 12- ?55y2c (quar.) 5\M'M preferred—-r 11-15 10-15 12- (quar.)________ common 11-~1 1- 11- $1,079 12-10 $1^2 (quar.)— 37V2C 62VZC Merchants Refrigerating Co., 7(*> preferredMercantile Stores. I'M pfd. (quar.) 15c ..." 1 11-29 $1% (quar.)— Oris 35c 12-20 11-23 $1(4 12-20 11-23 Elevator, common (irreg.)__ preferred (quar.) Ottawa Light Heat & Power Co., com. 5% $$1.25 4. Pacific Pacific 11-23 11-15 5(2% & Atlantic Gas & Telegraph Electric, 1 1 11-15 Pacific Lighting Corp. 10-30 Pacific Western 12-15 Pacolet 11- Parker-Wolverine 2 11-15 1 Mfg. Oil Merritt-Chapman & Scott—<• 6V2'y» preferred A (accum.)— Metz Brewing, 10'M conv. pfd. (resumed) $1.75 11-15 10-30 Co. pfd, __ ib'8 30c 12- 1 11-15 11-15 10-31 10-30 12- 1 11-15 12- 6 •11-24 1- 25c 50c 55'/2 3 12-15 10-30 34 %c 11-15 10-30 11-15 10-30 75 c Co. 10-20 12- 11-29 11-22 30c — 12-21 40c :„£•. 11-15 40c (quar.)__ (quar. preferred 2 11-15 (irreg. Parkersburg Rig & Reel, Common (year-end) Pato 11-10 11-15 31 (4 c <s-ai (quar.)__. - common.—.______ _______ _____ 11-10 11- 12-20 12- 2-1-44 $1% 1 37 (4 c 5% 67c preferred (quar.)_ 12- 1 1- 11-19 $1(4 preferred (quar. 12- 1- 75c 50c (year end)__ Paper, $5 preferred (accum.) Pwauhau Sugar Plantations Co. (irreg. )__. 11-15 1- $15c ( quar .) preferred (quar.)______ Outboard Marine & Mfg. Owens-Illinois Glass Oxford 15c 11-10 12-10 12-16 3 ' $6 : 11-15 12-10 11-19 3 $25c Ohio Power, 4(4%. preferred (quar,) River Sand Co., 7% pfd, (accum.) 7% 1 1- $1% pfd. Ohio Oliver 11-10 10-29 12- 12-10 Co.— (accum.) Extra Okonite 11-19 7(4c Oil 11-10 11-12 11-10 1 1- C $$1(4 • Corp.. (quar. class 11-26 15c .) O'Connor 5 12-15 11-23 ,-.12- $1.50 1__ 3 11-15 1 12-15 $1 (4 (s-a)„___ Co, 12- 12- 20c $1% .) (quar. • 12-10 $1 _ 87(4 11^ 1 1 12-10 3 25c Pharmacal Co Nu-Enamel 3 25c 3 1- Eancorporation 12-24 12- $l>/8 3 1- 717a C 5 12- i 11-22 __________ 2V*% is-at 12-10 SEC)_. 10-15 50c $2.50 (quarterly). 11-15 Norwich 1 11-15 11-26 Gas Northeastern Water & Elec., $4 pfd. (qu Northern Empire Mines Co. Ltd._____ 50c 5 11- 12-15 12-10 75c Northwest 5 11-15 $2 iquar.)____ Northwestern Public Service, 7% 6% preferred (quar.) 11- 1 $$1 (quar.) Pacific the 11-20 10-30; 11-5 _____ common sh. 11-17 11- 11-10 12- Co.— (stock 1 11-15 11-20 ; (initial) 5 11-15 11-10 pfd— <quar.i__; 12- 25c 5 11-20 6% North j,'f 7}. II- 1 $1(4 ZZZ Gas, 12- 25c (quar.) & Ry. Norfolk & Western 1-15 , 11-19 12- Corp.— Southern 12-21 1-15 12-31 J $1.25. 50C 12-21 12- 11-15 < 12-14 (quar.) A 534% 3 $1.75 $1.27 (4c 11-20 11-20, : ; Elec. Noranda Mines Ltd. & 1- ■ $1(4 Nineteen v 8 r«. f 11-15 i Quarterly Norfolk 11-25 75c . (quar. Participating stock New 11-^0 Shipbuilding Corp.— 12-31 1- <s-a) 12- 25c Co Telegraph Co. 11-30 1 ts-a) ; $1 50C. Queens Elec. Lt. & Power Co.-r 50c (quar.) 81(4 ; , : York 19.-15 Dock- (irregular) $1.50 (s-a) Dry (quar.)______ Co. 12-31 12- J, preferred & Founders shares 11-24 12-10 $25c 1 1 Shipbuilding (accum.) 50c Jersey 1- 25C 1 12-10 11-16 1 2- pfd. York Air Brake Co. 2- 50c 1 12-21 12- 11-30 12-10 5'M' New New $5 20c 12- 12-21 12-4 11-15 12-11 $l»/4 12- 12-21 11- 12-15 1 News 6lM7c Common , (Phila.) cl. A 12- Newport 3 $2 Meier $1'.75 11-15 11-30 1- $1 11-15 $1.75 11-30 12-15 (quar.)__Z pfd. Common 1 1 $1.50 11-20 12-15 25c • Howes 1 25c li- 11-10 $25c common Co. 11-16 12-15 11-30 J12 (4 c ;__ 17- Frank 1 11-15 11-15 New $1.10 preferred (s-a) & 12- 10c 75c New (quar.)__ class A (quar.) , 3 25c series- pfd. stock $3 V4 New 25c 12- 87 (4 C 6 1 50c Telephone, <quar. 12-15 (accum.)___ 11-10 $$1.11 preferred A $1.75 (accum.)___ 12-15 50c 20c Razor $5.50 preferred B Meadville 1 11-18 1 preferred 25c Stores Corporation, 12- 12- preferred Clock, $1 Robbins Inc., 12-20 $1(4 lien $1(4 (monthly) Newspapers, 17 Porcupine Mines & $1(4 lien 11-30 (quar.)—_ common (quar.) McKesson 1 ; prior Haven 1-1-44 •. common.... Kaiser 12- prior $7 New 15c .■ —__ ! Mclntyre • 5Vc non-cum, 11- 15c Hegeler Zinc-r preferred (accum.) McClatchy 11-16 12-24 50c 1 75c <quar.)_. Department 17c 11*18 ,13c (quar.)_____—;—40c 1 12- & McEvven - ___________ (George A.) & Co., common preferred (quar.) 11- $1.62(4 , May 1 11- 1 75c Corp., common (quar.) preferred iquar.)_ May 12- 10-15 11-15 12- 70c . registered (interim) 12-:X 11-15 12-20 $1(4 (irreg.)— Massachusetts Plate Glass Insurance Matt-iessen 12-10 Newberry (J. J.) Co., 5"M pfd. A (quar.)„__■. New England Public Service Co.— 25c Masoirte 20c $2(4 12-. 1 Marconi Int'l Marine Communication Co., Ltd. Il-^.ri<-10rl25* 12-,# .1,1^19, 12-# i.l-l9s 11-20 „_j_ (s-a)__ 12-15 ,11-30 ,12-10,,';>11-10 ll-,j.&'.»t lit. 4 11 -45;I vl025, 12-15 25c 11-15 Ordinary 25c 20c 12-11 11-13 10-29 (accum.) $l'/2 12-17* 11-12* 11-15 Nestle-Le Mur $2 cum. partic. $2c 11-16 50c ______ 12-14 11-3 11-24- 11-10 1 1-3-44 11-15 87c 1 3 11-30 $1 •• 40C (quar.) Shirt 1212- Neptune Meter Co., 87c ^ & Co., (I.) Manhattan 11-11 11-29 — preferred (quar.) Magnin 11-24 $13 4 ; Sl'/4 6 11-15 ' 11-12 15c (quar.) Extra 11-30 1- 1 - 1 12-14 Cement— Repeating 5'A 11-15 11- 12- 25c (quar.)_ com. 1 11-17 62 (4c (quar.)____. 12- $2 1^.14 12-11 $5 12-16 (quar.) 25c Magazine 11-15 90c 1 Co._^ Extra —30c Co.. Inc. Ohio (monlhly)__ (quar.)__ Bros'. 11-10 ii-10 1 12-28 11."0 .11-15 15c Co. — Series, 25c 1 11-19 12- (quar.)™_. Machinery 11-15 12- 11-13 1 ■ 1 Co., common 1 12- (quar.)__i (irregular) Co. 1 — 11-15 pfd. Corp., preferred Corp. Securities 12- (quar.) preferred 1 1 Rubber 12- & Taylor, 6% 1st pfd. (quar.)__ Angeles Investment (resumed)_____ 12- 1 National 25c Co..._ Co., 12- $2 Gypsum Co., $4,/2 pfd. (quar.) National Lead Co., I'M preferred A tquar.)__ National ; ______________ 11-15 $1.75 National 11-25 12- Hormel 67 11-24 12-11 25c 31c :___ — Monthly (Charles 12-15 Ogilvie Flour Mills, Common (quar.) clears (payment Monthly 67 75c • common pfd. arrears) Hooker $l»/2 : (quar.) I-Iibbard Spencer Bartlett & Hires Gas 1 $81'4C Gas'(quar.)_ 11-15 .'5dc'"TTl-l6 (year-end)—50c (quar.) (quar.) Chemical 25c $1.12(4 Chemical Portland Macmillan 12- Cylinder $50c 3 11-25 12- ; National Erie, 57c non-cum. 1st pfd. 27c non-cum. 2nd preferred (s-a) 11- 1 -1 pfd. Heyden National 12- 11-15 Conta ner 12-15 12- $ll/8 (quar.) (accum. convertible 4 Lynch 11-15 Co.— Hershey Chocolate Corp., com. $4 National : Lord 6)2% 11-15 1 $lVa conv. Utilities Powder Co., Hercules 5 v2c 1 12- 10c i <quar.)_„_ & Glass'Co. Mining 11- 1 V11-17 Ltd.— common Corp. (quar.)_. Lynchburg & Abingdon Telegraph Co. (,s-a) M. J. & M. M. Mining Consol. (increased s-ai Mackintosh-Hemphill Co. 1 12- (quar.)_—$1.25 Refractories,, commqn—25c Pineapple Co. Ltd. Hazel-Atlas Casket, $4 Lunkenheimer 11-15 12- pfd. Chemical, 4Vz'A preferred 6% $5 Co., Electric National (quarterly)—_— Lumbermen's Insurance 1 10c — —________ preferred Harshaw Havana 3 12-15 8 50c (quar. I'M $4 preferred Extra 12-15 3 50c Extra Harbison-Walker 11- (monthly) Lukens Steel 4 75c ____________ A.i 1 <quar.)____ Louisiana Ice & Electric Co:. Inc. J:5c $22'/ac (quar.)———I (M. 12- (quar.)_____________ Ltd...———— Extra Hanna Biscuit, 12- 12- 12-15 America— National Bearings Metals $3 (reduced)————______ Instrument, B National (accum.) participating preferred (quar.) Participating Loomis-Sayles Mutual Fund Loomis-Sayles Second Fund (quarterly). - Class 3 11-15 30c 25c 50c 50c Los (quar.).—_ 11-15 of 10-28 $1(4 A (quar.) National Auto Fibres 6% conv. 11-15 — Star ; 11-19 National Acme Co. 30c com. 11-20 12-10 75c 11- Machine— Inc., II-15 11-30 30c Narragansett Racing Association (irreg.) Nashville Chattanooga & St. Louis Ry. Co- 1 (quar.)_ 12- prefeired 12-15 preferred 1 , 11-10 67i> 11-10 25c b7o 6 6 11-20 $l3/4 12-20 * ■, _____—... 1 Va 'M 12- ______— 11-15 Paper, Hancock Oil Co., 12- 1 11- 25c 25c Co., preferred 8'M 11-15 12-20 25c 11- 11-15 6 Co. 1 11-25 SlVa pfd. $4 11- 1-3-44 1 25C preferred (quar.)_ Chemical $$134 65c (irreg.l—— Hamilton Hammond Longhorn (quar.25c (quar.)..—.....u...—. Stores Hallnor Mines, Ltd. 4\'i(/c Lone 2-14 11-12 ' Hainmermill 11-16 12-17 11-12 Printing ;<quar.(.—' Brothers Halle 1 1 .Extra * 1 1 11-15 £12 (4 c Common 3- 12- Muskogee Co., 6% Inc., 12- Extra 12- 11-26 Line 12- $1(4 Manufacturing Corp., 17c pfd. (quar.) i30c (quar.) Pipe, common Extra 11-19 11-19 12- 4334C 12-10 $20c (quar.) Lock Joint 12-31 75c — (quar.)..... Munson $1(4 • B 1 common.—..—50c Brothers Hall KW. (s-aj—•— common A Mullins 11-15 5c (quar.) Extra 12- ; 34%c 34%c (quar. Hackensack Water, .'I'M 12-10 50c —— Griesedieck West. Brewery, 5 (4% pfd. < quar.) 1 12-10 25c Special Class ■12-14 12- 10-30 11-30 10c (irreg.)__ —— 12-10 12-28 _______ ... Cooper & Co.— Oil Gulf & 11-20 10c ■ - 11-15 1-3-44 $1 ill. 10-30 1-14 Loblaw Groceterias Co., Extra 75c 11-20 1 ,■ 11-30 Mountain Fuel Supply (irregular)__________ Mountain Producers Corp. (s-a) /, Muskegon Motor Specialities— $2 class A (quar.) ! 2- (Va.)—-fy--. 11-15 12-15 $1 (4 12-30 $ 134 preferred 12-15 $31 (4 c (quar.)_u___ 12-14 9 3 $$i3/4 11-10 (quar.) preferred A (quar.) Little Miami RR. Co., special gtd. Original capital (quar.) 1 11-15 Machine.. Mutual Extra 12-10 $2 pfd, A 11-10 <quar.)_ 67o preferred (auar.) Nanainio-Duncan Utilities, Corp., 1 12-15 (year-end)_____________ 11-26 common 12- t$ 1 12-24 (quar. )i__-,_— Carbonic & Corp. 12-17 4V2'M 11-22 25c Griesedieck Co., Drill 11- preferred (quar.)_____ Corp. 11-10 75c ;• 11-24 (quar.)_____—___— Belt 6V2rM Lionel 11-10 1 1-15-44 11-19 preferred (quar.) Great American Indemnity Twist 35c 5 16c Wheel Extra 5 $134 Finance Corp. Motor Extra' B 1 12- (quar.) Society 1 (quar.)— Lindsay Light & 50c Morse Motor Liggett & Myers Tobacco, common (quar.)__ Class • 1 10-30 50c 11-12 : ,———. —_ 11- 50c 11- Industrial 1 i_; 1 11-10 12- _• 1- Extra 12- Plan 10-30 _______ 11-15 11-26 1 participating preferred (quar.)__. (Win, R.) Dry Goods (quar.)_ Morris 8c (quar.) Corp. $15c — 1 ' Mines Electric Savers 1 12- & Mortgage (quar.)___.._____ Moody's Investors Service— 11-15 _____ com.mon_. 50c pfd. pnor Extra Gold Leitch 11-15 12-15 •• Union -Co., (initial)———: Great 11-30 12-15 12- Montreal Loan 11-15 Lehigh Portland Cement Co., 4% pfd. (quar.) Leighton Industries, class A (irregular) 50c Co & Knight, 12-31 12-12 Co.. 343/aC $2 12-10 conv. $2.50 preferred 1-10 3 & $1.25 —w— Quarterly Graton Leath 11-26 $2.25 12- G.) 9 (s-a) 20C preferred conv. 11-15 12- Moore (s-a) (R. Tourneau 12-15 (quar.j__ pfd. (year-end) $1 —— Monotype B 25c (quar,) preferred $4V2 11-10 1- $1.50 — Granby Consol. Mining, Smelting & Power— Grand 6 7o 11-24 ... Co. $$1 50c $2.25 50C Lawyers Title Insurance 9 12-11 iquar.5c iquar.i„ W.) 1 Le 15c Bryant Inc. Lanston 10-22 Corp.—.———25c Gorham Mfg. (H. Langleys, Ltd., I'M Lansing Company $$1% pfd. (quar.)_ preferred (quar.I Gosnold Lane-Wells 6 Electric Co.— Telegraph Cycle Gossard 6 11- 11-22 Goodyear Tire & Rubber Co., common— ,.—4,.; conv. 11- 41-22 common Brewing & 11-20 12-13 1 11-10 —______ (quar.) 11-20 (quar.)——$1.50 preferred preferred Lane 12-13 (accum.— Brothers, 7% 11- 12- 5 11- vZ bVz'M $1(4 Machine, common 1 50c $6 pfd. (accum.)— Water Gas & 1-10 11-15 v , 11- 11-19 11-30 $1(4 (quar.)__ 11- $1(4 —— Wares, Ltd., 77o preferred preferred 50c (quar.) Steel 1 $3 11-20 12-17 (s-a) 11-20 — Landis 11-12 3 1 11-15 ?0c (s-a) common (quar.)_ Ltd. Mines A 50c Lake Superior District Power, 5 7c pfd. <quar.) of the Woods Milling, com. (interim) I'M 12- 12- $3.25 lnc Society, 2c Lake 5 12-15 6 11-20 Co.— 8c Champagne Inc. 50c Railway Signal, common (year end) General 2- Wines & Shore 11-6 11- <quar.)___: 11-15 $1(4 , preferred 12-13 $1)4. . (special).— common A 11- 11-15 ; 11-24 1 Chemical— Common , 25c taccum.)_„__ —— Salle Lake 10-25 11-15 Heater 11-24 12-10 12- $1 (quar.)—______ 2nd preferred l^- 2 12-10 $1.06 Implement 25c Baking, & preferred 12-12 $1 Montreal Cottons, Ltd., common I'M. preferred (quar.)__ 11-15 (quar.)__ Extra La 1 11-15 common.... — 11-15 11-15 50c (accum.) Mills preferred C 11-15 (irreg.) ;—_______—__— 1st Kysor 5c Co.___—— Kroger Grocery 11-10 11-15 50c common-———L— General Outdoor Advertising, 6 % pfd. (quar.) General 11-25 40c 10c Corp., common (quar.) S.) Power $2.90 (irregular) 11-15 12-15 50c Carpet $1(4 preferred (quar.)___ _____— (S. 67o $1 (4 (quar.)_ Company Extra 11-20 Y>( 10c ___ ——-—___ . $2(4c Co.——________—:_i\) Fund 12-15 12-15 (quar. Mitchell 11-25 Oil, 12-27 50c Mohawk Loan 5 11-20 1 1- 4C 1 11-29 $5 prior pfd. R.), 11- 12-15 7(4c 12-31 12- Cotton Emil) Koering 50c ___— 1 $2 — Cigar Co., 1% pfd. (quar.)—. General Finance Corp., 5'fa pfd. A (s-a) 67c preferred B (s-al :———.—____ 7% 1 1 12- 1- 12-20 (irreg.)— 87 (4 c 12- 12-15 1 $3 (quar.)___k-_»_ui—-1; preferred (irregular) 11-25 12-15 3 30c 11-30 75c 25c 3 1- 12- (s-a>___ 3 ■ $1(4 50c I- $1 Service_/.____u____„_,.u____ (Robert) Co., Ltd.. $4 series S-l $1.50 $1.75 (year end) $4Va (quar.)—_______ B-l 12-15 Public 11-10 $6 partic. preferred A (quar.)__ 50c . ~ 12-31 Corp. 11-18 Trecker Corp. ■ — Missouri 30c c ______ — General ■* Series 5 1 (irregular)___ Utilities, 7% junior pfd. (quar.)__ Kentucky 11- 1 Keystone Custodian Fund, V: Mission 1 12- Kearney & 11-15 10-30 12- 12- & 12-15 3 37 (4 c preferred 30c 11-15 ir. l-' conv. 75c 1 Kendall Co., B preferred C 11-30 50c _— (Jul.us) 3 i Minneapolis-Moline (quar.)—_____ 12- 1- 11-12 Co._____—__—_______ Kayser 12- 1 preferred 11-15 $14 12- $4'/2 1 11- prior preferred._________ preferred Monroe 12- $1% ——— 47c Monsanto Kable Brothers Co., 6'M 5 4147o 8 12-10 11-15 i- 11-20 11- 11-15 11-20 11-15 $1.50 $1.50 ■ 11-10 1 1-15 $1 1 1 1 (quar.) 3 12- 25c 1 $1.50 1 Mills, 5'M pfd. (quarterly)Battery Co. Inc., common (quar.)___ W. Hart, 1- M'nes Ltd. Mountain Extra & Common 12- common 12- (extra) $$5 Fireman Mfg., 25c (s-a)__ 50c 12- $1% . Machine, common- K. 12-20 Miller 11-16 1 50c Jantzen Knitting 12-30 ■. 12- $l3/4 (quar.)__ pfd. I'M Corp. 11-20 (quar.)__ com. (s-a) $$1.75 Silver 10-15 11-15 1 12-31 12- (quar.j_ Co. Co. (accum.u Products 11-15 $1V2 $1% (quar.)——— Co., Canada Oil i8'Mpreferred 8'M preferred (quar.)_______—_________ preferred International $1 conv. $5 I'M'- 4 12-21 Power 50c pfd. (quar.).——, Midwest $6'/2 International Ocean Telegraph 12-15 9-24 7 11-20 l preferred $1 _______ 12-31 25c 25c (paym't clears all arrears) General Shares 25c; 1 12- 1 12- Middle West Corp. (irregular). Midland Grocery Co., 67v 1* of Rec. 12- 81 (4 c preferred (quarterly)u____ junior preferred (quarterly) preferred series 1940 (quarterly) $1(4 of 12- 11- Holders .__v (.quar.) Extra is-a).._ 7% pfd. (quar.)_— (quar.)—10c Foods 3% $10c ______ Nickel Co. Society Industries 10-21 11-15 Payable 10c 17c preferred (quarterly). Mid-Continent Petroleum Corp..,. Ltd.— Harvester, Mfg. Co. General (year-end) International preferred (quar.)—-.,————— 37 (4c preferred <quar.)___„_35c $1 (2 Gold Institutional Securities, International Bridge General $6 Inland 3-11 Company Wood $3 12-15 12-15 preferred (quar.)——; Gandy $1(4 5' When share Company common__u.______i___.__ Michigan Public Service Co., $1(4 1 _______ Gellman 11- ——•—_ 1 Fulton Market Cold Storage 8% pfd. (accum.) Gar 1 1 Corp., $3x/4 partic. preferred Assoc.— 1- (quar.) Fruehauf Trailer Co., common Gamewell Loan "4- Frecport Sulphur 5% 12-20 12- Co._ Aviation Group Textile Minneapolis-Honeywell Regulator Co.— $2.50 Bridge Works— County Distilling Co Franklin Steel Welfare 75c tquar.i 12-30 ' 1 — 5 12- — ' I- Wheeler—A, Foster Public 12-11 12-20 $ 1 '/a 5 11- $134 —______ S2.50 (quar.)—____ 11- 11-15 40c (final) 3-18 (Newark, N. J.) (s-a)— & shares 11-15 —____ 1145 92 Vic : — 1 (quar.)— A — 11-29 . Gear Ordinary Co. 15c $1(4 9 Metal Imperial Chemical Industries, Ltd.— Indianapolis 3c 11-30 25c (quar.)__ Illinois 11-15 (M. H.) Co. Inc. iquar.)__ 15c Fits'. Simons & Connell Dredge & Dock (quar.) .. 25c Florida Power, 7.'A preferred (quar.i—87(4c Bros. pfd. 12-20 12-10 11-29 —— 7'M. preferred 6'/o 3 Imperial Tobacco of Canada— Ordinary (interim) — 12-10 75c — 12-22 Fishman Foote (Tom) Peanut, Common 11-15 1—— Pawners 12-14 1 11-10 common £ State 3 11-20 6'M (quar.15c Firestone Tire & Rubber 6'M First 1- 12- 12-10 lie (quar.) 11-10 (s-a) Firemen's Insurance 6'<7 preferred 1 Light & Traction, $0 pfd. (quar.)—- Extra 11-16 67o 1 Ferro Enamel Corp. (year end)__—._ Fire Association of Philadelphia (s-a). • 1 12-14 1 Federal-Mogul Corp. ■ 12- 12-14 12- : Co._ preferred $1(4 3 ,———j__.—50c Quarterly 5 % Hummell-Ross Fibre Corp.— 30c ... 3 12- ____ Federal 6'b 12- ———— Rubber 11-16 $1 preferred (s-a) F.ansteel Metallurgical, $5 pfd. (quar.)____ Farmers & traders Life Insurance Co. (quar,) Faultless 1 _____ 50c ___•— common ___. 11- 12- Car__ 1- 25c ■■ 6% 12-13 IOC Motor I- $1.25 25c 65c (Quar.)______ _ Fajardo Sugar (quar.)— Falstaff t$l Hudson 50c ,_V— Name of 11-20 50c (quar.)._^^—- ,, per of Rec. 1 12- interest—jut; beneficial of Holders 11-13 11-24 common___________________..—•—; Payable 1981 Lighting & Power Co. (monthly) Howey Gold Mines, Ltd. (interim) Hudson Bay Mining & Smelling Co., Ltd.„__ 25c (quar. )_______—, share Name of Company When Houston 11-27 $1 Engineers Public Service, $5 pfd. (quar.)— $1 'A $5>/a preferred (quar.)— —$1% $6 preferred (quar.)—— $1(4 Equity Corp., $3 conv. pfd. (accum.)____—75c Certificates Per of Rec, 12-13 Empire & Bay States Telegraph— 4% gtd. (quar.—___________ Erie Holder$ $1.25 _ Walker Dry Goods & share Company Watch National When (quar,)it_„^^,. 3 25c ,32- 1 11-20 25c 12- 1 11-20 $1.37(4 12- 1 11-20 12- 3 11-12 __ .. — Consol. Gold Dredging. Ltd .(interim) 3 — — $15c THE COMMERCIAL & FINANCIAL CHRONICLE 1982 Per When thare Payable ... Name of Company Paton . Holdert Name 0! Comyanv '.' <4>. 12-15 11-30 preferred .• (quar.m_.u_..-.~~-._——.2. Paymaster Consolidated Mines, Ltd. (interim) tic Pen body Con!, 6 to preferred < accum*$3 Peerless Casualty,."5%' preferred (s-ft.«7 $3 12-15 11-30 1-10 12-10 12-10 11-2 12-31 12-20 Peerless 11-15 partic. .preferred (quar.)..: Southern Railway Co., 5% non-cum. 10-30 Southern VM (quar.) common ______ • Cement Corp., 25c Peninsular Grinding Wheel (irregular)-—,—!; Telephone, common (quar.)... class A (quar.).:. Peninsular $1.40 cumulative $1.40 class A Southern California Plastic Southern Canada Power Common • . .. ■ 11-15 12-15 of Arkansas 11- 5 of common 2-5-44 11-15 Stock dividend 10-15 12- 1 50c 12-10 11-20 15c 11-15 (quar. >• Petroleum Corp. of Amer. (irreg.)— Pfaudler Co., 6% preferred <quar.t____—Pfeiffer Brewing :._._7!u!.,,!.——■ Phelps Dodge Philadelphia Water, ( 11- 12- Water 11- 1 12-1 12- 40c 12- 1 12-31 — Gas Oil . 2','2% for Co. (New ii-l?" ; 11-127 12-15- 1 '■1-15 75C 12- 1 11-15 $13 11-30 11-15 32 l4c 11-30 '712- 1 11-15- $2.50 12- 11—15*- 2- 6714 c (s-a);! 7' mon /7:5% ' 1 11-25 5 % preferred! (quar.) preferred (s-a) . Welch 1 ownership of comstock', (irrcgular» Juice Grape Co., common 25c 12-15 11-15 11-15 12-157 11-15 Went worth Mfg. Co., SI conv. 12-15- 11-15 12-15 11-15 11-15 11-30 11-15 2-14-44 $1.75 ,8-31-44 8-15-44 $1.75 5-15-44" Wesson Oil & Snowdrift Co.— 50c 12-10 11-15 2-29-44 $1.75 5-31-44 ..... 12-15 1 SI.75 :: 7% preferred (quar. !y:: 7% preferred (quar.(7 j 4 7% preferred, (quar,V_.^4-7..a^.7...7!....._ 7% prefeu-ed (quar. 50c (s-a).!l2_i Jersey) ' ' 25C pfd. (quar.).— 11-15 11- 12- 11-15; 1 ' $4 convertible preferred (1 sh. Consolidated Natural each 10 shs, held) .4.__ Standard Wholesale Phosphate &; Acid Works Quarterly ...4—+— ...!444!U Stanley Works, 5% preferred (quar.)-.4!:._. Stecher-Traung Lithograph Corp.— 11-30 12-15 12-29 $1.25 class A 25C 7 12-15 ; tsi (NorthanVi • Corp,,: $3 pfd, (quar,).. 25c ■;-7. (quar.)—.... 11-15* 11-15/ • Stock dividend 10-14 6 77 65c (.year-end) Standard Stoker Co. '■* ■>'."'7: 11-20 12-15 11-10 12-11 Partic. units' beneficial 11-15 7- 5 12- (5c 5 1 Standard 11-10 7'. 11- 12-15 Extra44.!+4.i.i44..47_4-_4U-4—^!4-!iU: 11-19 25c 17 12- 55c 11-11 1 12- 11-15 40c 11-24 ' 12-15 30c Washington Railway/ & Electric Cou'ilrreg.) 7: 11-29 12-15 7 11-15:■ 12-10 :1:25c preferred' (s-a Warren Bros. Co., $1.35 40C (Indiana) Co., 6% of Rec. 1 Ltd.— Warren 7 California Wotts, 12- 4 $1.1214 11-11 12- 1- . (quar.)... : Cap & Seal, $1.60 pfd. (quar.) Standard Dredging Corp., $1.60 pfd. (quar.) 11-25 12- j'7' preferred Co. 50c 1-14) 11-23 Oil & 12-15 11-25 Standard Gooderhum ■ 12- 4 11-5 (H.) Walworth 12-15 $4.50 11- 8 1 35c • _ 11- 25C of 12- interim! (Dallas)^ 12- Amulet (quar.);1!_-——... preferred (quar.)—... $1 11-15 a.., Payable 15c (reduced).y4,.7^^.-,-!. Holder $ When 7 share Common ' sh. 6214c Oil 12-1 20c each ;:'777,7 ; , 11-15 ..—a Standard 12-10 12-15 Name of Company Mines.;(interim)!^;:_77i..7.U 7I *200 Walgreen Co., common (quar,i.^_„__.__...^' '77' ' 40c 4 Va.% : preferred:(quar-) 7-i!!~7-7-' $1.12 Va stk. com. 011 (initial quar.)..: 11-20 12-1 12-20 I;',, Manufacturing Waite Walker Standard 5 11-20 1-15 5 (quar.)__ Standard Brands 1 12- 1-20 $1.25 Co. 6 11- ■ 2-15 V--' 7: ."7 Vogt 10-20 t$lVa' pfd.— held) (quar.) Standard Accident Insur, (Detroit) 11-30 1 11-15 $1.75 - ■■ Stamford 1 /!/;' SI'a 6% preferred (quar.)_' —: Phillips Petroleum Co. (quar.) Phoenix Hosiery Co., 7% pfd. (accum.) Pillsbury Flour Mills Co .7 Pickle Crow Gold Mines 11- 12- 25c 30c; iV common.—. Pinchin, Johnson & Co., Ltd.— Ordinary shares' (interim) 11-1 1 12-1 11- 11-15 Sparks-Withington Co.— :, / ' 6% convertible preferred (qitar.)..^.^... •k si12 Spartan Mills (quar.) -4_—i.; 77':.: $2 Spiegel, Inc., $4)4 conv. pfd. (quar. $114 11-30 12-10 Corp'._!:;;_7_«.+_.40c Suburban new Gas 11-25 $20c "-■■''•7;'!": . . Si "a Pharis Tire & Rubber————-.;———/ (1/10 sh! of Western : ■ Life Insurance Co. Southwestern 11-19 Peter '7 •' of Rec $20C : Per Holdert Payable 1!4C : : Gas— I-1-44 common (quarterly) ' $75c Pennsylvania Bankshares & Securities Corp. : $2.50 preferred caecum.. $1 Pennsylvania Electric Co.— V-1 4.40% preferred class B (initial) $1.10 5.10% preferred class A <quar.)c—. $1.27% Peoples Telephone Corp., 4!1>%' pfd, (irreg.) $1 Peppered Mfg. Co.-,-.*!.!—S2(a Perkins Machine & Gear, 7% pfd. <quar.!__ •$134 Inc. Union 50c (quar.) 10-26 (initial).!.'!:.!..— • 20c Pennmans Ltd., Paul 6% 1 hare (quarterly) (quar.) II-15 35c 35c 2-15-44 cumulative When per of Rec. $$1 Mfg. Co., Monday, November 15, 1943/ 12-15• '50c —— West Indies Siigar, '11-15 12- 1 West 11-18 : • 60c 12-15 12- 3114C 11-15 10-30 > 2 (quar.)i77.7'.77!7; (Irregular) common '"7- $1 : 7% 12- 6 12- 11-15* ',.77' $1.75 West Penn Electric, 12-16 250 ■ — _ Michigan Steel Foundry—. ,7.'7; convertible preferred (quarterly) I 4334c 6%tpreferred (quarjuU I, SlVa 11-15 10-19 $13A 11-15 10-19 $114 11-15 11- 25c preferred. /Quarterly 12-1 11-20- 11-20 11- 1* 11-15 11- 5 . Pioneer Securities Corp* (Los Angeles)—SI Piper Aircraft, 60c conv.-pfd. (quar.) — 15c 12- 1 11-15 12- 1 11-15 Pitney-Bowes Postage Meter Co., com. (quar.). 11-20 Extra)1 ' ——r,-;-.•>;^ Pittsburgh Bessemer & Lake Erie RR.— v-d '6% 'preferred-1 SIV2 class A preference $1.50 51-2% ■■ $l34 '. 12- 1 12- 1 6% non-cum. 6% 1st preferred (quar.) Public (quar.)—! ——— $75c (accum.) 12-20 ; 11-15 12-15 11-15 12-15 12-15 11-15 (quar.)— (quarterly) (quarterly) quarterly) 11-29 Texas 11-15 Thatcher Mfg. Co., $3.60 preferred St. Louis Bridge, G% 1st preferred 3rIo 2nd preferred (s-a) 8% debenture _ 7)4% 7% debenture B 1 Toburn Toronto 11-30 11-29 Truax-Traer 11-26 11-10 25c 11-30 11-15 10-25 Union 11-15 10-25 United United Biscuit Co. 12-15 12- 12- 1 11-20 12- 1 11-12 12- 1 11-12 11-15 11- 5 12- 1 11-15 12- 1 11-13 2nd 11-10 1 12-31 12-15 11-18 11- 8 I- 3' 1- 3 12-10 1- 3 *12-10 12-10 I-3 12-10 11-16 11-10 20c 11-15 11- 5 11-15 11- 5 20c 11-15 11- 5 12-14 11-19 12- 1 11-15 75c 12-10 12-10 11-12 $1)4 12- 1 12- 1 11- 11-24 12-15 12- 1 11-10 11-25 " 10-25 7% 12- 1 11-15 $5 12-15 11-23 6.4% 11-15 10-15 12-15 11-12 11- S. $5 —— preferred A (quar.)— 6.4% preferred A (quar.) 6.4% preferred A — ——— (quar.).. ——————— — 10c (quar.) ; preferred B (quar.).._„„ Southern California Water, 5% pfd. 6% preferred (quar.)— 11-24 11-15 . 6% 11-15 12- 1 11-15 12- 1 '11-15 3- 1 2-15 3- 1 2-15 12- 1 11-15 (quar.).-— (interim)— Light— preferred (quar.).— 1 Common — ..... conv. Van 11-15 10-20 12-15 11-20 314c 12- 1 preferred (accum.).. Vanadium-Alloys Steel Co.—... 11-15 37lie 12- l 11-15 (quar,).. —— (quar.).: $114 11-18 11- 13714 c ton .account 10-15 11- 7 $1.75 7 11-16 in S% .11-5 12- 5814 c 12- 1 11-15 53c 12- 1 preferred (quar.) — H-20; 11-10 50c 12-15 11-20, SlH — X- 1 .712- 4. 11-10' of accumulated , . . 12-15 . : , dividend. dividends. 12- 4' 7; 7:.:;'7-7s > ',i : ':-!7': Canadian runds, tax deductible at the source. Non¬ 15% t; resident tax, >7%. a Less British income-tax. / > , 12- 1 11-15 1- 3 12-15 1- 3 12-15 Reserve Banks Combined 11-15 50c 58 Vac 7 1 '..12.-, 1 conunon. 1 11- 8 (In thousands of 7:7 1 12- 5 .$314 7 '12- Statement of Condition of the i 2 Federal 8 11-15 11-16 7/ 50c 11-16 50c v7 7 53c 50C 1-3 1-3-44 " 4-1-44 Assets— Redemption iund—Fi R, notes Other 12-15 .V7:: Increase Nov. 10743 7: y -128,399 or Decrease since Nov,3743 19,804,715 ( 19.831.713 7 114.884 7-1-44 12-15 12- Bills discounted:'!''■ 11- 14,003 >- 231,862 20,233,623 2214 c 12r - 20,261,317 '20,808,480 22.380 38,625 7;:. by U. S. Gov't obli.7,7. gations, direct & guarant'd 4 1-10 20,562,015 314,718 -Secured 4 12-18 714%: Nov.11/42 300,509 cash Total reserves: 12-17 > dollars) 7. Gold certificates on hand and due from U. S. Treasury 3-15-44 6-15-44 Other bills discounted— 5,460 ■.-V..'..;;!;,,......-!,! 5,000.. 12-20 1 12-29 12-23 2c 11-15 Total bills discounted 11-16 50C 10-30 22,380 U, s. and 38,625 10.460 11,577 Industrial advances 11,751 15,396 Govt, securities, direct guaranteed: ! 71 : 7 7; , 75C 12- 11-19 BondS"' 50c 12-15' 11-12 Notes''...„7_— 50c 1-15 12-10 Certificates 50c 5-15 $1V4 1- 30c 1 1 4-10 10-31 11-30* 1- 50c 1 12-17 1,565,561 1,557.753 2,216,460 688,400 688.400 1,328,442 1,694,200 1,591.059 672,466 5,916,793 5,638,644 440,571 9,864.944 9,475.847 4,657,939 9,898,901 9,526,223 4,683,795 7 .1—. Bills 10-31 11-15 12-20: 50C .7— 11-12 11-15 : Total U. S, Govt. direct and Securities, guaranteed— Total bills and securities 12-16 Due banks— 136 12- 136 47 P. R. notes of other banks— 69,404 68,339 1,554.346 1,604.614 42,743 1,279,737 3 from foreign 12-17 12-3 Uncollected items $1 12-20 11-19 Bank premises $1.75 38,375 11-20 10-29 38,374 Other assets 7 $1.25 61,720 1-15-44 60,283 40,147 69,094 $1.25 4-15-44 31,856,505 3L559,286 26,924,043 15,918,225 15,759,852 11,379,876 12,198,177 12,068,938 12,492,747 334.386 233.675 $1.25 7-15-44 40c 1- 3* 4- 3* Total 7-3* 12-10 40c 3-10-44 2-25* 40c 6-10-44 12- 3 11-15.7 $H4 12- 1 F. R. notes in act. circulation. Deposits;^ 11-20 25c 5-25* 75c 11- 12- 12-24 12- 7 11-27 $1 11-24 11-10 12-20 12-10 12- 11-12 $1.75 50c 2 12-10 12- 1 $1 11-15 2-1-44 12- Other 4 1-15 37V20 —— 369,026 1,348,971 1,299.815 914,157 367.973 476,901 14,283,1G4 1,222,217 14,071,112 7,781 7,428 14,117,480 1,039,064 5,639 31,431,387 31,134,379 26,542,059 150,343 150.358 145,402 3 60.411 157,502 366,990 —.... availability Items.... liabs., incl,accr'd. divs... Total liabilities — Capital AccountsCapital paid in..; Surplus (Section 7).——.— Surplus (Section 13b) — Otbet capital accounts ... 7 1,295.987 160.411 26,829 26,829 26,781 87,535 87.309 52,299 31,856,505 31,559,286 26,924,043 1 11-15 11- Other Deferred 12-27 1-3-44 •- Total deposits 1 1-1-44 7 ;7.-.: ■ Foreign 5 62V2C , ^; ?'U. S. Treasurer—gen, accts.* 11-15 1 ■ Member bank— reserve acct— .. 11-20 : assets tiabhities— 11-26* 37%c Virginian Ry,,. 6% preferred (quar.)— 6% preferred (quar.) 6% 1-20 3-20; 11-10 $1 7% preferred (quar.) Virginia Coal & Iron 11-20s 2-1 4- ,1 11-16 12-1 45c (year end) Co. 11-10^ 1 15C Jamaica Income tax. resident tax, 1 .... — Valspar Corp., $4 Norman 1 12- 500 Less 30% $ Payable . 11-15 $1 .... Knitting Co.— 5% prior preferred (quar.)—.. Vick Chemical Co. 37)ac — 1 12- Utica 37lie 37!ic (quar.). i 12- 75c : 12- 25C $114 12- 11-30 12- 40c : (special) ♦Transfer books not closed for this 11-13 75c 7.12- 1. 50c 1.^ Quarterly- x 11-15 12- 5 Upper Canada Mines, & V 11-19 11-30 50c (Irreg.)L Co. Towne Mfg.'Co. 10-30 12-1 11-27 12- 11-15 Vapor Car Heating, Common 11-15 6274c 10-30 Ltd. 3 40C (monthly!.— Quarterly 8 50c 12-23 3714c (quar. 5(4% '.preferred. A (quar. 10-30 $2 Vac Co 11-24 Upper Michigan Power 12- Zlon's Cooperative Mercantile Institutions- 1 11-30 $iys ... /' 4 12- 12-15 12J4c — (quar.).— 12- Universal Consolidated Oil 1 '25c 11-30 12-15: 11-10 25c — 11-10 32-12 11-20 $1V2 — 11-15 12-10 1 11-15 1* 3% ' •Youngstown Sheet & Tube, 11-22 II-26 5c Lines, com. (quar.) 11- 12- 1 $114 ' .. 1 11-15 ; 12- Universal Insurance Co, (quar.)———— Universal Laboratories, common 410c — ... (F. W.) Wurlitsser'(Rudolph) Yale & 1 15c —... United 50c —.u—...... 11- Stockyards Corp. (year-end). United Wallpaper Factories— 6% prior preferred (quar.). 9 12- $2 Corp., common preferred (quar.)— : Sugar Corp., $5 preferred (quar.) preferred (quar.). —4 preferred (quar) 11-12 U. (year-end)—. S. Steel 10-30 12-15 50c U. 12-22 75c 87J4c 11-15 50c Co., common preferred —— 5 1- 2 5; ■ 11-25 !5o.— —.... —_^;,v 12* 7 $214 (quar.) Rubber II-15 1114c , 10-30 50C (quar.) —— S. 11- 50c« 10-22 11-12 $114 S. 8% 11-15 • — Quarterly S. Playing Card 11- ■■■ 11-20 11-22 10c 11-24 25c , 12-10 $114 & Foundry _L_. (quar.) 11-19 $114 * Co., ordinary (interim)— pipe 11-15 11-15 25c (quar.)— Wrlgley (Wm!), Jr. • RR. & Canal 12-11 1 25c 11-12 12- 4.-: 75C ——— (quar.) Molasses United States U. 12-15 $22c 12-1 11- , — Casualty Co., 45c conv. pfd..(S-a).—4 U. S. Cold Storage Corp.— 4% partic. preferred (quarterly)... U. S. Elec. Light & Power Shares, series B_ U. S. Hoffman Machinery, common (irreg,). U. S. Leather Co.* conv. partic. class A (irreg.) Convertible partic. class A (irreg.)—; Convertible partic. class A (irreg.)____—— 7% prior' preference (quar.) U. S. Loan Society (s-a) U. 22c (quar,)..... U. 1 Southern California Edison6% Common United 11-15 J20c (interim).— 10c Co....— (quar.) preferred (quar.) %: preferred (quar.) 12-1lj l-'l ■ 12- SI; : 11-24 11-15 $3 11-12 $1)4 (accum.)—■— 12- 1 3.1-15 ... & Mfrs.— Merchants Ltd, Wool worth 1-17 10-30 $114: —1— United preferred (quar.) 11-13 1 15c conv. pfd,(quar.) America, common 5 % $1.75 iquar.)__ ' 50c — 2- 11-15' 25c pfd. (quar.)____ United Cigar-Whelan Stores, $5 pfd. (assum,)' United Corps. Ltd., class A (quar.)—4... 1 $134 — 12-6 • •$114 United 10-26 11-20 -1-" 1 (F. W.!, Ltd.— 6% preferred regis, 11-13 iic 'V7 12- 11- 11-26 , t$l (quar. 12-15 11-15 12- 6 $1% 12-23 11-15 12-11' SI 34 *25C Wilsil. Woodward Governor Co. 20c 12-15 1 11-12' 712-27 preferred (quar. >—-_7___...__ 11-10 $1.75 11-10 12- 12-10 $1 v pfd. (quar.).. Co., common 11-10 ' (quar.) Co._—— of 11-10 * 1 50c (o.uar.F 7% 1 30e Aircraft Corp., 5% 7 5%. preferred (quar.) United Chemicals, Inc., 31-26 12- Mfg. Co. <year-end(„ 1' 13c : 12-15 11-15 11-15 $1 (quar.).—, preferred Car Co., 12- $114 11-15 1 1 $ls'8 (quar.) Corp. Tank (Wm.) 12- 1214 c 12-23 1212- 50c (quar.)— 1 +66c Engineering <fe Foundry Co., com... 7% preferred (quar.) _:..L United Gas Corp., $7 pfd. (accum. United Light & Railways Co. (Del.)— 7%. prior preferred (monthly)————— 6.36% preferred (monthly) 6% prior preferred (monthly) 7% prior preferred (monthly).——a__— 6.36% preferred (monthly) 6% preferred (monthly) : 50c Southeastern Greyhound Extra _* Extra 4 $174 — Pulp, common (quar.) 6% (quar.) South Bend Lathe Works (irreg.). Common 11-10 5 — 12- 75c • $3 ...... (quar.).. Soundview 6% 1 United N. J. Solventol Chemical Products (irreg.) Sonotone 5 11- 1 5% — Aircraft 11- 12- 35c Skelly Oil Co. Sivyer Steel Castings Co. (quar.) Smith Alsop Paint & Varnish Co.— Solar 11-15 Coal, common 5(4% preferred (quar.)— Union Bag & Paper (irreg.)— Union Electric (Mo.), $4 V4 pfd. $5 preferred (quar.)_ ^ 35c 37)4c 12-15 50c ist preferred 12-15 $ll/2 — 1 1 5C $6 12-10 35c 7— 12-20 ' — 25c (s-a) 1212- $214 Mines, Ltd.— Elevators, Ltd., common (interim).. 12-10 $1.05 (year end) Mines Gold (quar.). Trinity Universal Insurance (Dallas) Troy & Greenbush RR. (s-a)... Sherritt Gordon Mines (interim).: f3c Sherwin-Williams Co^ common (quar.)—75c 5% preferred AAA (quar.) SlV* Simonas Saw & Steel _l.—j!__... 60c Sinclair Oil Corp. (quar.). •..u— 12y2c preferred 12-15 Whitman (quar.) (quar/'__..u7.'.77y7i.77._A-.: 20c 11-15 12-15 12-21 62)4c Servcl, Inc. (quar.)...^^.., Shawinigan Water <b Power (quar.).1 7% 12- 1 12-21 15c ——— Gold 5 12-10 Paper, common ;;7' 7% preferred, 1 7 12-35 90C 5)4% preferred (quar.)—— Trane Company, common. 12VaC 37)40 .11-30 Instrument.. 10c 7 (quar.)—... 11-16 $2 Shops Siscoe Co. 11-18 15c . : (quar.) Serrick Corp., class A Class B Oil 11-19 Co.— ..... Associated 1 37'20 ...... Extra ; Seattle Gas, $5 1st preferred Secord (Laura)' Candy Water 9 .+$1)4 . $2 partic. preferred (quar.)—■*«-„ Scotten Dillon Co. Sears, Roebuck Tide 12- +15c Schenley Distillers Corp. Schumacher Wall Board, com«HBl ^quar.)__ Scranton Lace Co. Scullin Steel Co. Williams (J. B.) • $1)4 I (quar.) debenture D Wilkes-Bar re Lacc $114 12- $1)4 (quar.) debenture C 6)4% 11-10* 77! $15 12- 25c A 11- 11-29 (quar.).. 10-25 $1)4 (irregular) Power 11-15 10c — ($100 par) 11-25 1 Remedial Loan Association- Savannah Electric & 40C Thermatomic Carbon, $5 preferred (s-a)— Service Company- Quarterly Savage Arms Corp. *. Timken .Roller :Bearing.ru._^i.4...4iL44.!uy; Tivoli Brewing Co. (irregular) 75,c (year end)——. Saco-Lowell Shops, common—. $1 convertible preferred (quar.) Ban Francisco 10-20 Water, $6 prior preferred (quar,).... 11-30 37)4c —— Class B 11-15 par) prof. int. 11-10" $1 11-107 Wool worth 1 ($1 35c convertible preferred (quar.)—— Rutland & Whitehall RR. Co and Whitaker 11-10" Electric 15c Certificates shares 11-30 Westinghouse Air Brake (year end) 11-12 77 Trust— Sub. 25c Extra Public 11-12 11-22 : 11- 21c $2)4 Louis 11-22 11-22 50c 12-15 6834c Roxy Theatre, Inc., $1.50 pfd. (quar.) Rustless Iron & Steel, common (quar.)— Class A Westvaco Chlorine Products 7' : 30c — _ St. Pacific Land Texas (quar.) 30c _ Co. Texas Pacific Coal & Oil $$3.25 , Robbins & Myers, $1)4 partic. pfd. (accum.) Rochester Button, $1)4 conv. pfd. (quar. )„_ Rochester Gas & Electric, 5% pfd. E (quar.) 6%preferred D (quar.) Rolland Paper Co-. Ltd., common (quar.)!.___ 6% preferred (quarterly) Ryan Aeronautical Weston 11-15 (quarterly) 11-30 40c : Reynolds Spring Co.—_________—4i-.,..!!'": Reynolds tR. J.) Tobacco (interim quar.)(interim 11-20 11-15 12-13- IOC Sulphur Co. 1-3-44 SI ':7 7;77! 12- 1 Products 11-15 11-20 $1(4 12- 1 — preferred 11-15 ■■ 7— partic! preferred- 20C 50c _ B Tecumseh Texas Gulf 11-29 1 7% ' • 50C i. : 30c7 common..- 3714c U ' $7 l' 50C Westinghouse .Electric• & Mfg., 25c Inc.,^.-.__-.^_4.—.4+v.^.,!^..4-—— 12-31 25c Reliance Grain, 6)4% preferred (accum.) Reliance Steel Corp. (irreg.).— Republic Insurance Co.,of Texas (quar.)—— Republic Petroleum, 5)4% pfd. A (quar.)— Reymer & Brothers (irregular)—__ Class Tampax-, • 12-31 12- 7_!__: 25C 12%e preferred common 11-25 10c +25c pfd. (quar.)— 10-15 • ' (quar.) .12-15 12- 7._ Western Tablet & Stationery-— 5 % preferred .-(quar.) 11-15 11-5 11-15 11-15 Regent Knitting Mills, Ltd.— non-cum. Industrial Corp. 7.7 ^ National. Insurance" (San Fran.)— Quarterly ': 11-15 12-. I 50c ^ Western 11-15 7 7 $214c . 1 ■ Maryland Rwy'., 1st' pfd! (accum.).. 11-10 11-10 25c 1 Western ■' 10-15 11-15 1 12-1 50c _______ 11-15* 1 12- $1.6214 Symington-Gould Corp. (year-end). Talon, Inc., 4% preferred (s-a) Tampa Electric Co 11-18 12-1 12- . -11-15 9334c 25c . non-cum. 1st 25c $114 (interim) 12-17 1 si SIVa Randall Co., class B (quar.) Rayonier, Inc. treduced! convertible Mines, Ltd. Machinery Co,; (irreg.) Sunray Oil Corp. -+~ Sylvania 10-25* 12- Products, ihc._^!:—10c Oats Co., 6% preferred (quar.) Quaker State Oil Refining Corp.— Quebec Power Co. (quar.) L— $1.60 ■■77 A. 12-20 11-15 — Quaker 5% 12- (quar. ) 12-1 —— Reliable Stores, 75C . Swan-Finch Oil, 6% preferred (quar.)._—_u Swift International Co., Ltd. dep. rets, Co. of Colorado— Reading Co., 4% Western Grocer Co,•••(Iowa 12-31 25c 11-15 1-15 11-15 :50c, $1)2 (monthly)—„— 50c Public Service Co. of Indiana, com. (quar.)— 25c 5% preferred A (quar.) * $1V* Public Service Corp. of New Jersey— $5 preferred (quar.) SPA 6% preferred (monthly) 50c 7% preferred (quar.) —— .' SI34 ;8% preefrred (quar.) ;V;-v $2 Public Service Elec. & Gas, $5 pfd. (quar.)_ SI 14 7% preferred (quar.)—' $134 Purity Bakeries Corp. (year-end) $1.35 Purolator 11-15 1-15 tSl1/? — —— preferred West Virginia Pulp & Paper—. 6% '.preferred (quar. 1 6 7 Sullivan .' (quar.)—— pfd. 11-15 V partic. preferred Light, 6% Service 6% +2c — . 1 11- Sullivan "Consolidated 1 • 11- 7 11-24 Struther^ Wells Corp., $1.25 pfd. (accum.) ' 12- Procter & Gamble Co. Electric 11-15 11-15 1 11-15 50c Strawbridge & Clothier, 6% prior pfd. (quar.) Stromberg-Carlson Telephone Mfg. Co., com.. /. 614% preferred (quar.) ....4.!A.i!: 12-15 12-15 12- 1 (quar,)——_______—$1.37 (2 preferred 9 12- 3712c $1 Powell Rouyn Gold Mines Public 11- 25c Sterling Drug, Inc. (quar.)._; Stewart-Warner Corp. (s-a)_ Stonega Coke & Coal 11-15 1 $1.50 Power Corp. of Canada— .■ 12- 1 12- : (This payment clears all arrears) Pbtomac Electric Power Co., 6% pfd. (quar.) - 1 $5.50 Paper Box Co., 7% pfd. (quar.)____ Co., $IV3 Class A pref, (quar.)-- Poor & 11- 11-20 10c. 1 11- $114 preferred (quar.t (A-..):'& Co. (qrtar.) Sterling Brewers, Inc. (irreg.) ■■ Pittsburgh Steel Co., 5%%. prior pfd. (accum.) Pollack 10c '••••• 5% Stein 5-1-44 4-15 37'/2C 8-1-44 7-15 Total liabilities & cap. accts. Ratio of total res. to F. R. note liabilities Commitments to deposit combined' make - (C.OC - - 67;9% 81.6% Indus-9,913 9,833 10,027 , Volume 158 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4229 1983 ber Exchange Rates banks, and increased $11,000,000 in the St. Louis District. ' the requirements of Section 522 of the Tariff Act of 1930,- the Federal Reserve Bank is Pursuant to now Demand deposits-adjusted declined $48,000,000 in the Chicago District, $35,000,000 in the Cleveland District, $28,000,000 in New York City, and $43,000,000 at all re¬ porting member banks, and increased $31,000,000 in the cer¬ tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the We give below a world. • record for the week just passed: 77;;7..,. FOREIGN- EXCHANGE 7 . • BY CERTIFIED RATES ' . ... NOV. 5 1 Country and Monetary Unit Nov. 6 Nov. 8 Nov. 9 V.' l7',2D7733» .297733* .251247* t City, $21,000,000 District, and $20,000,000 in the San Fran¬ cisco .25.1247* .297733* . United States Government deposits de¬ districts, the principal decrease being $284,000,000 in New York City; the total decrease at all re¬ porting member banks was $569,000,000. Deposits credited to domestic banks increased in all Nov. 10 Nov. 11 $ w .297733* .297733* .251247* .251247* ' Free — 3.228000 Australia, poundLJ..— . .!Brazil, cru/.elro— V 7'. .71*251247* + 3.228000 ..I; Official-.—_—r_~ 7 .060586* .060586* .060586* 7 : A summary of the principal assets and liabilities of reporting member banks, and of debits to demand de¬ posit accounts, follows: ;' .060586* .051275* .8.36875 7 7. .572766* .572706* .051275* 7 .909090 7 .009090 V 7.897812 .Colombia, pesoj—— .060586* .051275* ' •• .051275*' .909090 Official—iTTi-.L-.,; .909090 ' .896785 .895546 7. .572766* .572766* {In .909090 Increase (+) or Decrease (—) Since Assets— 4.035000 4,035000 .301215 .301215 .301215 Mexico, peso—, . .301215 (British), rupee—— •.205800 i... .—. 11-3-43 4.035000 .301215 Loans and ' India < 7 •77 .205800 , .205800 .205800 Investments—total .205800 HOLIDAY Official——i.— .909090 .909090 .909090 .909090 .909090 Loans to Free .835208 .895375 .894166 .893125 .893958 Uruguay, peso— Controlled— ; 3.330000 7 and — 71 + + 34 ~ . 3.980000 , 3.244203 3.244203 3.980000 , 1,697 — 53 Loans __ 42 — 3 — + a + banks— to .658300* .658300* : c. 7; .530180* .530180* „ .658300* 7 ; . .658300* .529980* 79 ; ——.. 1,398 Treasury bills Treasury certificates of indebtedness Treasury notes .658300* .530i8Qc , .529980* 4.405 Other Condition Statement of lember Banks the San: FrahcistP Loans to brokers and dealers in " The condition statement of District, $13,000,000 in Treasury bills and $569,000,000 in United States Govern- New York Reserve -System Federal cities shows the ' Commercial, and industrial, loans agricultural in¬ State and '■»> Demand Time *663 0 + 5,972 a — ' + — 13 — 38 543 — — 82 485 — -^ +7 16 2,233 32 .<• _ deposits-adjusted ! 31,774 ; deposits 699 20 406 — Domestic banks to demand Interbank during and 793 U. S. Gov't + *771 + 9,326 3 181 196 — 12 + 94 +19 + 39 + 56 accounts + 31 +150 8,818 deposit 43 + 12.170 Foreign banks Borrowings ; Debits — --569 5,977 U. S. Government deposits Interbank deposits: City, $75,000,000 in the Chicago District, and $221,000,000 at all reporting member banks. Holdings of Treasury certificates of indebtedness declined $22,000,000 in New York City and $12,000,000 at all reporting mem¬ deposits, and an increase of $150,000,000 in deposits credited to domestic banks. % v ; v 7" 7-7- rment 5 904 + Liabilities— curities declined weekly reporting member in 101 leading following principal changes for the week ended Nov. 3: Decreases of $221,000,000 in holdings of the 1,494 + se¬ $53,000,000 and other loans for purchas¬ ing or carrying securities declined $42,000,000, both largely in New. York City. Holdings of Treasury bills declined $133,000,000 in of banks ■ Balances with domestic banks + 12 23 — 2,874 ' 8,354 —— DistriGt, and $34,000,000 atj^l report¬ ing member banks. 182 — — 1,829 securities 94 35 ■ — 17,640 Reserve with Federal Reserve Banks— Cash iu vault 566 + —221 • 4,935 Obligations guaranteed by U. S. Government creased $17,000,000 in the Atlanta lie l 033 + 15 — 9,262 U. S. bonds-.. rate. 1*252 carrying or Real estate loans 3.980000 -s. purchasing /securities 3.244203 3,980000 for (-14,718 agricultural brokers and dealers in securities Other loans Noncontrolled——; ^Nominal I 3.244203 3.244203 'Unionof South Africa, pound-... • Industrial, Other loans '.New Zealand, pound-~l——— 11-4-42 —340 935 Commercial, — loans • 10-27-43 11,697 1,129 —— 52,642 6,458 Loons—total Newfoundland, dollar— , millions of dollars) .896406 .572766* 4.035000 77 4.035000 England, pound sterling-- 3.228000 3,228000 ' Canada, dollar—' . districts except the St. Louis District; the total increase at all reporting member banks was $150,000,000. - 3.228000 " .051275* « . District, clined in all - r.i' , Official— New York District outside of New York in the Boston . Noon Buying Rate for Cable Transfers in New York -Value in United States Money Nov. 5 (Argentina, peso— ; ^ - FEDERAL' RESERVE P4V.W. TO TREASURY .UNDER TARIFF ACT OF 1930 TO NOV. 11, 1943 INCLUSIVE except accounts, week 12,493 City Department BOND PROPOSALS AND NEGOTIATIONS ARKANSAS . ; j . , • the W. Stamford, Conn. ; ,, j V Note Sale—The $750,000 antici¬ An Due serially j pation of taxes notes offered for over period of 35 a sale years. & (State of) Reported in Revenue the Collections—111 first fiscal the current started July service, quarter income, year, < j of, New Co. Due sales, 158, York, Dated Oct. on were First 9—v. p. 1865— awarded to Goldman, Sachs 0.446% at Nov. 16, 1944. 10, 1943. Other bids ' follows: as Bidder— which Colorado 1, Nov. on discount. Colorado v+77 .. • Rate Bid. . National Bank, Boston. First Boston Corp. inheritance and tax revenues all showed sub- ' Lee Higginson Corp. j Leavitt (plus $21) 0.58 Denver enue on Nov. 2. by State Rev¬ Director, Cruse. ^ proval took in was ^ tile basis taxes from $415,272 to $480,586, a gain of 15.7%. ; Largest gain was in income tax rose ; collections, which went f r o m $217,838 in the first quarter last ! \ year to $654,340 increase. this 200% year, a denton and held recently ap¬ given to the merger a population of The merger will give Bra¬ \ pared with $2,345,861 in the three months last year, a gain of' 10.5%, Service a population of 11,039, on of .1940 census; figures, area an of five square miles. The unofficial vote ton a Manatee has 3,500. • Manatee, Flu. Merger—At 1 of the above communi¬ Jan, ties. $2,593,289 in sales taxes in July, ; August and September, as com. and Approve referendum on He reported that the State I Voters 609 for Manatee was 34 merger, 251 for 169 The move failed to gain approval in two earlier elections. Next month an election will be - taxes Liquor ; from $979,533 to . f 26.6% and local liquor license receipts showed a proportionate drop. Motor fuel from $2,668,133 to $2,- , cellaneous motor revenue vehicle 171.1% up license receipts i down 17.3%, State liquor licenses ' taxes down 99% and store licenses down 64.7%. up 51.7%$ Total ' , • of Council men the Manatee Mayor and five will area a members. be chosen City Two from and three from Bradenton. Charlotte 254235. Mr. Cruse's report showed mis- • Council ; collections were off 15.5%, having decreased ; dropped $719"482, a - gift collections for the 1942 period were $8,083,582. This year's first quarter brought in $8,274,894, a gain of 2.4%. Lakewood Sanitary District (P. Lake wood), Colo. O. Election—An is Bond election order to have the voters pass County (P. O. Punta Gorda), Fla. < '.j. j syndicate named the second best for the $24,000 issue, a bid present one eration now Lakeland, Fla. Bond Offering—Sealed bids will be received until 10 a.m. on Dec. 8, by L. Pressgrove, City Clerk Comptroller, for the purchase of $100,000 refunding light and water, Series 1944 bonds. Inter¬ and est rate is not to exceed able Due F-A. on 3%, Denomination Feb, 1, crued interest time Dec. 8, for the purchase by the sinking fund of $200,000 Miami registered refunding certificates indebtedness, maturing Jan. 1, of 1947. Each tender shall specify the amount and number of each "cer¬ tificate and terest is whether included accrued to or in¬ 1954. pay¬ $1,000. The bonds at the lowest in¬ The City bonds sold, and placed in the Sinking Fund. The certificates purchase shall accepted be for surrendered 18, at the Chemical Bank & Trust*Co., New York. Dec. amount Bushnell), Fla. Offerings Wanted—G. B. Tomp¬ kins, County Superintendent of Schools, will receive sealed of¬ ferings until 11 a.m. on Dec. 7, of Special Tax School District re¬ funding bonds for districts Nos. 1, 2, 4, 7 and 9. Purchases of bonds will be made able sinking funds. from of avail¬ out 7%7 illinois Alton, Jit. Bonds Sold . The City Clerk states that $42,000 judgment fund¬ — ing bonds were purchased recent¬ ly by the First National Bank & Trust Co. of Alton. \%v-7 Syndicate Formed - 7\;:"'"7 :; Chicago, III. on Transit Unification Revenue Note Issue— A syndicate of 100 investment bankers, headed by Harris, Hall & Co., Inc., the First Boston Cor¬ poration and Blyth & Co., has Enclose a certified check for 1% tect investors and to in the securities, provide funds for modern¬ ization and improvements. Mayor Kelly has these safeguards insisted already must be that pro¬ vided. of the face amount of certificates tendered tabulated, and will be returned to or ac¬ plies with the terms of the notice is offered at a lower price f been formed to consider the pur¬ than any tender which is accept¬ chase of revenue certificates ed. The expression "lowest prices which may be issued by the City submitted" as used herein shall of Chicago under the Mayor's re=mean cither the "lowest dollar cently announced plan for public price" or "the highest interest ownership of transportation facil¬ yield basis calculated to absolute ities. The syndicate's proposal maturity." would be subject to certain condi¬ II' any bidder whose tender is tions, it was indicated. One of accepted shall fail to surrender these would be that the proposed the certificates tendered at the unified transportation system be date and place specified in the administered' by a non-political official notice, the certified check management and that all neces¬ accompanying the tender will be sary safeguards be taken to pro¬ forfeited as- liquidated damages and payable to the City Bids must be for the of the Sumter County (P. O. Commission will ac¬ returned to the unsuccessful bid¬ certified certificates of- the cepted. be added of 2% surrender to the amount stated. Bidders may cashier's a for entire issue. same on purchase, payable unconditionally to the city. Checks accompanying the tenders will be check Treasurer, the (EWT) under consid¬ by the City of Clearwater. bonds at a.m. a lotte Harbor Special Bridge District, SBA series of 1943 offered stated by A. E. Fuller, Director of Finance, that lie will receive seal¬ ed tenders until 11 at lower interest cost of the panied by Char¬ Road ? and It is cept the certificates tendered at plan for refinancing the lowest prices submitted; pro¬ city's vided, the Commission may re¬ presently outstanding bonded debt ject any and all tenders, but will of $1,170,500. The plan would be not reject any tender which com¬ similar to to , $24,000 — < Shields & Co., New York, is given a period of two months in which Sale—The Sale—The ' 7 Tenders Invited stipulate, if desired, that their ten¬ ders are for the purchase of all or Dunedin, Fla. none of the certificates tendered, To Consider Debt Refunding— and shall state the time and place The City Commission is reported for delivery of certificates ten¬ to have agreed to a proposal dered as specified in the official whereby a syndicate headed by notice. will be sold to the responsible bid¬ der offering to pay par and ac¬ 1961 incl. Sealed ■ $815,000 SB A terest rate. Each bidder must series of 1943 Refunding bonds of¬ agree to accept delivery on the fered Nov, 9—v. 158, p, 1865— bonds as soon as they are ready were awarded to the Clyde C. for delivery. Bids must be for the Pierce Corp. and the Florida Na¬ entire issue, but the City reserves tional Bank, both of Jacksonville, the right to reject all bids or to in joint account, as 2.60s, at a deliver only such bonds as may price of 100.01, a basis of about be legally deliverable at the time 2.599%. Dated Dec. 1, 1943 and of delivery. All bids must be due serially on Dec. 1 from 1947 to unconditional and must be accom¬ Bond said to be scheduled for Nov. 20 in Bond composed of John & against; merger, Miami, Fla. as Co., B. J. Van Ingen & Co., Inc., Trust Co. of Georgia, Atlanta, Ranson-Davidson Co. and Leedy, Wheeler & Co., was sec¬ ond high bidder for the $815,000 issue, naming a price of 100.41 for 2.80s. The Clyde C. Pierce Corp. Braden¬ against. held to choose Ocala, of 100.10 for 2s. 0.53 — ~ & Bradenton account offer florida ' of a 0.49 stantial gains over the correspond- j ing period last year, but big de¬ clines were recorded in gift, liqour and motor fuel taxes, accord¬ ing to announcement made in Co. 0.484'4 ..—^: (plus $2.00 - use Trust Nuveen bonds as 314 s, at par. Increase • & issue of $120,000 water revenue, an • ; Bank price of 100.101 j a basis of about 1.923%, Dated Dec. 1, 1943 and due Dec. 1, 1947. CONNECTICUT Colorado • awarded to the Commercial were 1.95s, at R. Stephens Investment Co., of Little Rock, has purchased ; of $250,000 sani¬ line bonds. sewer were 7 issuance of the on tary Wynne, Ark. Bond Sale—It is reported that > for ders after tenders are the successful opened and bidders upon the Emphasizing the urgency of proceeding with unification of all transit poses lines, Mayor Kelly pro¬ that all costs of acquiring, constructing and operating this unified transit utility be financed ■ .; ... through sale of certificates payable only out of revenues. It is cluded money $1,000,000 to provide new for construction purposes proposed that attempt immediate¬ and ly be made by the city to acquire amount of the become callable of the Chicago Surface Lines, the Chicago Rapid properties and the Chicago Mo¬ Transit Co. Jan. 1, 1944. The $1,000,000 flotation will be dated Dec. 1, 1943, and will ma¬ ture Jan. 1, 1963. These securities will be optional in amounts of on on Jan. 1 of each numbered year, beginning in Federal Court in the first two in¬ the Federal Works Agency and by the people on refby stances, in all instances. endum As condition of any such pur¬ a chase agreement it should be un¬ derstood that the aggregate of all cash will be not less than The and tax interest charges as com¬ These annual sav¬ ings will amount to at least $5,- 000,000, the Mayor states. Another dollars a year can be million saved through unification of the properties. The financing program would include entire the $102,000,000 program provided modernization able prior to maturity. the proceeds, $600,000 will used by the district for new Of be for in the 1941 ordinance, Earnings based on present or any reasonable levels of materials, prices and wages would provide amply for all $110,000,000. charges. Clerk Sullivan, of the ceived Series One bonds of¬ Nov. 4—v. 158, p. 1679— sold not were bonds, however, will be callable in equal annual amounts of $100,000 on Jan. 1 of each year 1945- y^^y,vfe? y V74';;^y yv; proceeds of the refunding issue will be used to provide funds for the redemption on Jan. 1 of as which become callable "Nov.. 5: The bonds to be re¬ funded consist of $416,000 of 414s and of \'y ■ Chicago yesterday rejected all bids on new $121,000 land damage bond flotation, but passed resolu¬ tions authorizing a call for offers from municipal bond dealers on two other issues totaling $3,- new Bids the latter two on flotations will be received 123. at Trustees - v., • on Nov. : 1 special meeting yesterday morning accepted bids on the $121,000 land damage flota¬ a tion. Seven offers were submitted, with the Northern Trust Company specifying the top price of 100.163 for 1% securities. to be dated Jan. 1, Jan. 1, a The bonds Dec. and 1 Fiscal were mature ; officials expressed of the satisfaction district with the high bid, which named the lowest interest rate that the district would have obtained financing. on its lar a M. it $5,019,500 from cash on hand, and carry the remaining $3,030,000 of options over to July 1, 1944, the next interest payment date. $2,000,000 call will man of presided on the issues will not become of¬ that in the absence was ex- Woodhull, absent from yesterday's meetings, has veto powers. The district in¬ Woodhull, ex¬ were reject¬ the majority of the trustees decided against paying at this time some of the claims which were to be funded sue. All the bids from dealers, it was by the bond is¬ municipal explained, were ,in In addition Northern the to 1% securities, Cruttenden & Co. specifying 100.095 and The First National Bank of Chicago offering 100.029. Four rate bidders the on Harriman Bond & is reported an election is scheduled for Dec. 7 in order to have the voters pass on 2*4% the issuance of $35,000 semi-annual property pur¬ chase bonds. Trustees who voted against ""award of the bond flotation were Paul V. Colianni, J. L. Friedman, A. F. Maciejewski, and James J. Those who flotation Joseph T. voted to included Mr. Baran, and Thomas F. Byrne. bond issues au- nished to the purchaser at the of the City; pense notice of bids sale. deucting therefrom any are and all bids. Said of bonds, including accrued interest delivery at the rate named in the bid, will be consid¬ levied the and collected all on taxable property in the forms fur¬ on Pending file on successful of the bids at No county. will the be Solicitor to draft ing ex¬ for an voters condi¬ ready for de¬ days after the date of sale. Said bonds are being issued under the provisions of the within pass Kokomo, Ind. Assessment Bonds—Circuit Judge Forrest Nov. 5 E. Jump law of bonds of a particular cording to In press $6,049 series, general fund, city officials "'V'-' /,V "/:6 7/ a said. Judge Jump based said decision his ruling by the State on a Supreme Court in 1939 that next •;//':/ ,/<■ His party, which had not elect¬ ed also the won Lieutenant Governorship and five other cab¬ inet posts. pay¬ ments to Barrett law bondholders must not be made from any other than the funds collected from a particular bond series. bonds ing the bondholders from a gen¬ bonds issued for im¬ be to (EWT) made Nov. on be furnished $1,000 and $500. Dated Nov. 15, 1943. Interest payable M-N. Due on May 15, as follows: $4,000 and 1945, $4,500 in 1946, $4,000 in 1947, $4,500 in 1948, $5,000 in 1949 and 1950, $4,500 in 1951, $5,500 in 1952, $5,000 in 1953, $5,500 in 1954 and 1955, $6,000 in 1956 to 1958, and $4,000 in 1959. Callable on any interest payment in inverse 30 upon numerical days' and interest a.m. Na¬ the. successful y/ District, Md. Sale The $1,500,000 $500,000 series — CCC water main 1944 11 the Washington Suburban Sanitary struction in at at 18 bidder without cost. Bond Sold—A Boyce of Louisville. Denomina¬ tions all Legal opinion of Wood, Hoffman, King & Dawson of New York City will has been purchased by Stein Bros. & rejec¬ or any $79,000 issue of 3% school building revenue bonds date He said Kokomo had been pay¬ acceptance part of the above-described bonds will be made promptly. Payment and delivery of the or V/v; :■/ Ky. Bonds of y -J order notice on at 1903 Vz before May 15, or y'- tional Central Bank of Baltimore. Governor in this State since a 1927, of Richard to Governor '!■ '< • . ^ bonds tion of any offers to purchase Simpson County (P. O. Franklin), 1 judgment a Zilky, South Bend broker, and other plaintiffs, Judge Jump rendered a decision which has. State-wide implica¬ tions, due to the general practice among cities to pay bondholders was Republican An¬ ($285,000 third school loan and $85,000 public library loan), due Oct. 1, 1963, 370,000 bonds ($285,000 third school loan and $85,000 public library loan), due Oct. 1, 1964. 370,000 bonds ($285,000 third ■;//, sewer loan and $85,000 public library loan), due Oct. 1, 1965, 370,000 bonds ($285,000 third sewer loan and $85,000 public library loan), due Oct. 1, 1966, 370,000 bonds ($285,000 third sewer loan and $85,000 public library loan), due Oct. 1, 1967. ac¬ reports. granting from judge of the State Court of Ap¬ peals, will become Kentucky's that out of funds collected for account Willis, 63-year-old attorney and former Ashland Court ruled on S. Offering Bond 4//;:/; yy'/ZV"'./ $370,000 Notice Republican Elected GovernorSimeon month. payments to Barrett bondholders must be made resolution call¬ Kentucky (State of) sixth Ruling On Barrett Law Special a election to have the on the issuance of KENTUCKY 12 general statutes relating to the issuance of general obligation bonds by counties. is $75,000 airport bonds. considered. The bonds will be livery Election—It the City Council voted recently to instruct the City date the on bidder Bond that reported sale, and will be furnished to the Marshalltown, Iowa > Cord, Ice & Miller, of Indianap¬ of City. ' by the Board of Commis¬ sioners. The opinion of Ross, Mc- olis, will be of IOWA nished lows:. unlimited, ad valorem taxes to be to the date of Bids must be Secondary nounced—Baker, Watts & Co., Baltimore, as agents, will receive sealed bids at their offices, Cal¬ vert Sts., Baltimore 3, until 11 am. (EWT) on Nov. 16 for the pur¬ chase of $1,850,000 Baltimore, Md., 4% coupon serial bonds, as fol¬ The right is reserved to being issued for the purpose, of paying and satisfying certain tort judgments against the City and will be the direct ob¬ ligations of the City payable out the premium bid, if any. No bid for less than the par value of said ered. Baltimore, Md. of said bonds all of the bonds to their on maturities and MARYLAND ex¬ No conditional bids for. less than the par bonds will be con¬ or reject the to county, to be deter¬ mined by computing the total in¬ eral fund County Bond Offering—Joe J. (P. O. Logansport), will receive sealed bids at his of¬ fice until 2 p.m. on Dec. 1 for the purchase of $38,317.36 not to ceed until 2 p.m.. on Nov. 26/ by Paul G. Barnett, County Auditor, for the purchase of $50,000 bridge of 1943 bonds. Interest rate is not to exceed J-J. Dated Nov. 4%, payable 15, 1943. Denom¬ inations $1,000 and $500. Due $1,000 July 1, 1944, $1,500 Jan. and $1,000 July 1, 1945 to 1962, and $1,500 Jan. and $2,500 July 1, Rate of interest to multiples of !4 of 1% and not than one 4% rate shall be be in bonds, including and sewer con¬ and $1,000,000 series DDD water supply issues, offered Nov. 10—v. 158, p. 1776—were awarded to a syndicate composed of Union Forgan Securities Corp., Glore, & Co., Francis I. duPont Co., R. D. White & Co., all of York; Fox, Reusch & Co., & New Cincinnati, Close & a of about dated and Rambo, Keen, Philadelphia, price of 100.555, a basis Kerner 2s, at as 1.969%. Nov. serially of on 1, The bonds 1943 Nov, and are mature from 1 1944 to bonds no year/ the State will have re¬ its bonded debt by 25% during this and the two previous fiscal years. He was optimistic as to the reduction since no remainder of this fiscal year, end¬ $1,317.36 on Jan. 1, 1946; $2,000 on July 1, 1946; $2,000 on Jan. 1 and July 1 from 1947 to 1954 and, $2,000 on Jan. 1, 1955 and $1,000 July 1, 1955. Bidders will1 be is during contemplated the ing June 30, 1944. It was also stated that man that "all by Mr. MossState's bonds have been callable are not to exceed interest tioned the and multiples of that more be named *4 must 1% be and in not interest rate shall one by each bidder. bonds thereof any Mossman bonded debt 000 during said the the lowest State's the reduced $1,864,- was the fiscal year, outstanding— past leaving $24,305,500 cer¬ bonded indebtedness State has enjoyed since The cut in the State's 1931. bonded debt" in each of the last two fiscal successful to Mr. $1,000 payable to city must accom¬ A and tion would entail men¬ each bid. The said of above called," the further reduc¬ buying bonds on required to name the rate of in-, the open market. This, he ex¬ terest which the bonds are to bear plained, would not be profitable. on bidder make and will payment accept be for years like delivery is greater than any other period in the history of the o'clock State, he said, attributing the re¬ 15, 1943, at such bank in the City of Vincennes as he shall1 designate in writ¬ ing, filed with the Clerk-Treas¬ duction to increased liquor reve¬ a.m. on urer. the prior to eleven Dec. Time is of the essence foregoing requirement as of the proceeds of the bonds must be available on said date to meet cer¬ tain obligations. The approving opinion of Ross, and Asso¬ ;;y'-/;/y yy'''■:y"7:y."/ y MICHIGAN nue and decreased pauper costs, Legal Battle List Issued—Bank Creek Note Offering—Edwin L. Hard¬ ing, Secretary of the Board of Education, will receive sealed bids until 4:30 p.m. (EWT) on Nov. 15 for the purchase of $100,000 not exceed 6% interest tax antici¬ pation notes. Dated Dec. 1, 1943, to Due Feb. form of the as legal investments for of at the bidder. and option Princi¬ the Treasurer of the Board of Education. 24% The of amount levied on the loan of represents operating tax 1942-1943 tax for operating purposes. Bids shall be conditioned upon the unqualified opinion of the purchaser's attorneys approving the legality Of the notes. Cost of opinion and printing of notes to be paid for by the successful bid¬ der. the A certified check; for 2% of notes, payable to order of the District Maine Demons, be to successful Com¬ list of securities certified 1944. pal and interest payable at office Treasurer, is required. Detroit, Mich. Tenders a 1, of note missioner Homer E. Robinson has issued School District, Mich. v/'/'/y bond is¬ sue Dated Dec. 15, $1,000 except one bond for $317.36. Due as follows: by Shields & Co. ciates. duced 1943. Denom. 2.20s cal troller Wanted—City Charles G. Comp¬ Oakman an¬ nounces that he will receive offer¬ savings banks under provisions of ings non-callable Paragraph XI, Section 27, Chapter Nov. 22, at 10 McCord, Ice & Miller, bond coun¬ 57, Revised by sel of Indianapolis, will be fur¬ amended. more named ex¬ interest judgment fund¬ that if issued during the current fis¬ are ing bonds of 1943. required Offering—Sealed bids will ported recently Leonard, Clerk-Treasurer, reports, that he the order of the Ind. Bond on Vincennes, Ind. . pany 1963. thorized by trustees yesterday in- the tified check for INDIANA be received new Ridge, III. that damage to private lands that re¬ sulted years ago from the over¬ two 114% a These bid¬ Election—It Cass the Ripley Park form. Polodna. named flotation. ders and their dollar offers follow: The purpose of the bond flota¬ tion was to provide funds to settle claims against the district for flow of waters of the district. be Monday, November 15, 1943 1983 inch Second high bid of 1948; 103 and interest on or before on the 100.079 for 2s was made by a provements of Lindsay Street May 15, 1953, and 102*4 and in¬ two new issues on or about Nov. group composed of Harriman Rip¬ here. ;.y '//•■ terest thereafter. y- ::y 13 and actually receive the offers Principal and ley & Co., Inc., Blyth & Co., B. J. City officials testified they had interest payable at the Simpson ten days later. Van Ingen & Co., Inc., Equitable the practice under County National Bank, Franklin. The 1 % interest rate named by inaugurated Securities Corp., Illinois Co. of advice of the State Board of Ac¬ the Northern Trust Company on Legality to be approved by Wood¬ counts, which Otto K. Jensen, ward, Dawson & Hobson of Louis¬ Chicago, Hayden, Miller & Co., the $121,000 flotation compared and Miller, Kenower & Co, chief examiner, said was issued ville. with the preceding all-time low ;/y77/ V.:///'yy:': •/,/ Among other tenders was an offer prior to the Supreme Court ruling. coupon of 2% on bond financing of 101.32 for 2.10s made by John Mr. Jensen added that city gov¬ MAINE of the district. This issue, how¬ Nuveen & Co., and Associates; ernments had been instructed to Maine (State of) ever, is much smaller in size and 100.63 for 2.10s by R. S. Dickson follow the decision of the court, shorter in term than the flotations Large Future Bonded Debt Re¬ & Co., group; 100.52 for 2.10s, by since the ruling was made, how¬ sold by the district in recent duction Seen—State Finance Com¬ syndicate headed by Northern ever. yyyy. ;y years.. yy'.y:'' missioner Julian A. Mossman re¬ Trust Co. of Chicago; 100,357 for tends to advertise for bids of because The It 10. President to 3 plained that the bids Whalen, Nov. until planed President Ross M. award be refunded, to additional an Co., Inc., 100.80; Harris Trust & Savings Bank, 100.361; A. G. Becker & Co., Whalen, Vice-Chair¬ Inc., 100.327, and Halsey, Stuart & Finance Committee, Co., Inc., 100.302. who the con¬ regu¬ meeting, they voted 4 against making the award. James ever bond When the trustees vened in the afternoon in proper In addition to 1949, with $21,000 optional Trust Company, two other bidders 1947 and $50,000 callable sought the $121,000 flotation as year later. ed total of $10,- a callable Jan. 1. ficial District of ' $1,584,000 of 4s.: v,# The district has ing the $1,000,000 and $2,000,000 flotations were passed by trus¬ tees, it was explained that action Commerce" of cost While the resolutions authoriz¬ Trustees of the Sanitary 000,000. the first on of the year. re¬ follows from the cni- "Journal cago bonds, will responsi¬ The highest bidder will be the one who offers the lowest net interest The of-' outstanding bonds sidered. 63.. this notice, connection with quote bids all as rejected. were the Said the highest to value pense the In : ' ble bidder who has duly qualified and has submitted a bid in ac¬ tional and 049,500 of outstanding bonds that Bard of Trustees, that the $121,000 awarded other $1,000,000 will be spent on the North Side sewage treatment works. The $2,000,00 refunding flota¬ tion will be dated Jan. 1, 1944, and will mature in 20 years. The Chicago), III. on $300,000 , Bonds Not Sold—It is stated by land damage, treatment additional bidder. Calumet sewage treatment works, are J. West- will be used for construction work Chicago Sanitary Dist. (P. O. James its at sewage ' and also complete replacement of the Mo¬ tor Coach Co.'s properties, a total $2,000,000 fen-year improvement program of fixed work An works. at the pared with obligations of a pri¬ company for taxes, interest vate and dividends. , each terest 1945 in 1961, and in amounts of $55,000 on Jan. 1 of even-numbered years, starting in 1946 and culminating in 1962. The balance of $55,000 will not be call¬ Southwest would start business with small' annual odd- ending construction $27,500,000. utility city-owned and renewal the in assets and fund to be turned over to the city we ' cordance with to refund a like present securities which $2,000,000 negotiation. Any price tentatively agreed on would be subject to approval by the $50,000 tor Coach Co. by fered /'.. '' ' ' ; : THE COMMERCIAL & FINANCIAL CHRONICLE 1984 » t ■ ; Statutes 1930, as of a.m. sum of not to exceed the City Sinking bonds until (EWT), in the $283,000 for Fund (Street Volume 158 Number 4229 THE COMMERCIAL & FINANCIAL CHRONICLE Railway Division) under the fol¬ est thereon, within the limitations lowing conditions: <•• prescribed by Section 21 of Ar¬ Offerings shall show the pur¬ ticle X of the Constitution of pose, the rate of interest, date of Michigan. The school district au¬ •maturity, the dollar value and the thorized an increase in the tax yield,■.-y;-x.-..;v- rate limitation to 2.1% of the as¬ i Offerings will be accepted on sessed valuation for the years 1943 ;the basis of the highest net. yield to 1947 both inclusive, at an elec¬ to the city as computed from the tion held on April 19, 1943. A dollar price as of Nov. 22,. 1943. certified check in the amount of • No bonds maturing beyond May 5 % of the total par value of the bonds drawn upon an incorporat¬ •1, 1949, will be accepted. r The city reserves the right, on ed bank or trust company and bonds purchased which are de¬ payable to the order of the Treas¬ livered subsequent to Nov. 29, urer of the school district must 1943, to pay accrued interest up accompany each bid as a guaran¬ •to that date only. tee of good faith on the part of ;//■; : •. . . . the bidder. $1,933,000 Bonds Sold by Wis¬ consin Annuity Board-—The Wis¬ consin State allowed Nov. 9 on of $1,933,000 various Detroit mun¬ icipal bonds. For details of the sale item see State of)" under of $461,000 ex- ceed will be the first, choice and serial bonds will be the second choice of the bonds sue Board. If sold and are ments semi-annual ; fP. O. Iron River), \ . -; ' / /ri Mich. /, \ ';;,/V Bond Offering—Sealed bids will years bonds will issued and sold, in the amount of are be payable sum on the term for which the bonds MINNESOTA . , ,be received until 7 p.m..-- Bovey, Minn. (CWT), Bonds Offered—The on Nov. 19, by Walter Peterson, .Township Clerk, for the purchase is not to exceed 4 % %, payT J-D/ Denominations $1,000 $500. Dated Dec. 1,1943. Due $1,500 from Dec. 1, 1946 to 1965, and All of said bonds will able at such .be subject to redemption at the .option of the Township on any one or interest more tution bank shall as the par value with .bonds shall be called for redemp¬ tion on any one interest payment Bovey, ac¬ bonds (These •.. 158, be on NEBRASKA Bank, / •■■■■;;. City), Neb. The full faith and credit ion-of sale interest Dorsey, Nov. 4—v. on were* and on from bonds • will be awarded to J. M. a able solely from the the water supply First The bonds and will be system township, and the bonds and pay¬ revenues of of of issued, pursuant to the provisions 1933, in11946 amended, and the or¬ dinances of the township adopted 'Sept. 20, 1943, and amended on Oct. 12, as 1943. Bids shall be upon the unqualified opinion of Miller, Canfield, Pad- bock & Stone, of Detroit, approv¬ ■township. Enclose for 2% a of the, par value of the to .'the Township 1, 1943. to 1953, Due 23 75 122 182 198 336 344 365 367 374 393 479 521 566 583 628 629 760 765 810 Seaman after date called, the designated will be re¬ by payment of the prin¬ to rates at 2 • '■/ / lv , 2 % and 3 %. Meridian, Miss. ' . all , 214% funding bonds semi-annual . were coupons ////// maturing and have by Mr. transmitted his Gary, who has report thereon. viewed been agement is vere Seaman in some Louis;'* - ; 1 • and after June 1, pay¬ manner. Auditor for the purchase of coupon 1, school bonds. 1943. $2,000 •incl. on Dated July $1,000. Due July 1 from 1944 to 1948 Denom. Rate of interest to be ex¬ pressed by the bidder in multiples ■of of 1%. Principal and inter¬ est Municipal vited—-Bids 10 a.m. Bond Tenders West Jackson Boul¬ evard.; Chicago,.111.,: for the chase In¬ were received until on' Nov. 10, by Harvey R. Bowd itchy 164 of various State and pur¬ mu¬ nicipal bonds aggregating $939,000. 2 The school district is authorized is related expenditures. the consent of the Bond Offering—It is stated by Edward Laeklen, District Clerk, valorem that sary as may be neces¬ to pay the bonds and inter¬ side holders he will receive sealed until 7:30 p.m. on Dec. bids 1, for the revenue government while In order to compel careful planning of this vital mat¬ ter, the legislature is required to 1943, the borough had gather together all appropriations a single budget appropriation in ;;//:%■••;'■;'//■•[.. / primarily to the State appropriations, also regulated by a new provision, deal with public $8.55 tax rate and could expect relief under existing debt ser¬ vice. of tail and the borough was now proceeding to foreclose certain improved properties, and in addi¬ bill so that the real, cost of all State government will be plainly apparent. There are, of course, emergencies and truly unforesee¬ able contingencies that tion during the fiscal Mr. Seaman stated that he had analyzed the lien situation in de¬ the Solicitor had been may arise in¬ structed to prepare proposals for the purpose of securing bids on be dealt with foreclosing the balance of the a isting liens. the liens tal ex¬ taken were of out appropriations but only upon two-thirds upon He stated that when vote of bill which a tention to the These may year. through supplemen¬ each directs item for an house its some at¬ single ratables; the valuations would be object vision will eliminate logrolling to raise the necessary vote. Finally, the requirement that funds must in the plan a of providing for between" $6 and $6.50 and the informally matter discussed had with to a question about "The stated a outside of the State those were / : history of State governs all indebtedness exceeding $100,is carefully retained. Serial bonds which call for amortization 000 of the debt each year made are mandatory because they eliminate the need for State sinking funds. to how the State as These provi¬ to greater econ¬ proved the wisdom of rigid restrictions upon State bor¬ rowing. For this reason the re¬ quirement of a referendum upon been surrendering pause has ment these a 4 V» % 2% bond, Mr. Seaman that the matter had been bond for give and efficiency. omy He pointed out that State agen¬ cies held the majority of the bonds of payment. source sions should lead the V/.: ■ will supplementary appropriations made without thought of the rate on available The latter pro¬ to prepare tax -a be or purpose. The former law requirement that the which must authorizes pledge the the an bonds of source ment is deleted because it pay¬ imposes unfair fiscal rcgidity to the State's policies for as much as 35 In years. order to protect the State's credit position, however, a substitute for the old provision ficulty would exist if these outside charges first ing bonds. new is reported that $10,000 outstand¬ holders refused to assent plan. //.- .'/•/: to the out of he receives." ,///■; New Jersey NEW JERSEY Constitutional Hackensack, N. J. /. ''• (State of) Revision Rip- be written into the tution as dum vote a result of the partial list tution for submission to the elec¬ bidders, all of noted, torate at the general election next of the unsuccessful which, unless otherwise bid for the entire $200,000 bonds: Bidder—• Ira Haupt Int. Rate & Co., Rate Bid Dol¬ M. and ($199,000) Freeman R. H. & __ and l%y Boland, & ivy; and Dillon & 100.22 — State Consti¬ a starting point for its lVzCt ■ • report of as follows: 100.20 as to finance were All dedicated funds shall be abolished. All ' . (P. O. . Mineola), Rise Proposed Cited—We — Debt in special dis¬ patch out of Mineola, to the New part as follows from quote a York "Herald Tribune5' of Nov. 9: • County Executive J. Russell Sprague, made public today the proposed Nassau County budget for 1944, showing a prospective from $1,02 to appropriations for sup¬ port of the State government shall $1,05, on $100 of as¬ sessed valuation. 1942 a State Constitutional Committee, whose rec¬ summarized . increase in the tax rate of 3 cents, de¬ liberations, the legislature prob¬ •'2. Eastman. Co.. As "1. Saffin Ripley_ & Co., Inc.,- revised ommendations 100.32 Co. & Co. a year. Revision l\'zrc Harriman 100.61 Johnson Sachs up moneys / County Reduction Nov. 2 which author¬ ably will refer back to the Co. Co. draw on the to debt N.Y. referen¬ 1777, a / Budget State Consti¬ ized the 1944 State Legislature to give below ; Ap¬ by Voters —Several changes of fiscal importance may pel & Co. of Newark, as 1.40s, at a price of 100.233, a basis of about 1.37%, as reported in v. 158, p. we v Nassau proved the Oct. 25 award of $200,000 gen¬ eral refunding bonds to J. S. public NEW YORK ' & (P. O. Billings), Mont. £unds borough was having great diffi¬ culty in meeting its obligations. Despite the fact that some $5,000 of maturing debt was extended the city is calling for payment on Dee. 1, a total of ley Bros. required to levy upon all the taxable property therein such ad taxes demands of pressure groups. "The matter of dedicated Treasurer Goldman. and dedicated requires the State pay the annual M. Yellowstone County Sch. Dist. No. of Detroit se¬ a provision comparatively short maturi¬ ties,; which meant that little dif¬ Call—It phin & Co. and Back- MONTANA (J-J) payable at the National Bank The so-called will remedy this situation preventing separate little by three with Gering, Neb. Bond . Other Bids—In connection with Offering—Joseph Morian, District Secretary, will receive Associated Indemnity Corporation sealed bids'until 8 p.m. (St. Louis), Mo. (EWT) '/"'/ for handicap. funds past and had found that the years appertaining thereto felt on usual •• • MISSOURI / Bond '$10,000 not to exceed 4% interest ; Of St. (P. O. Mt. Clemens), Mich. 15 man-, obviously under abolishing some outlined , Nov; the State's financial sense, The Guaranty Trust Com¬ discussed informally with the Act¬ pany of New York, Coupon Pay¬ ing State Treasurer and he (Mr. ing Department, New York City. Seaman) was hopeful that the Coupons due Dec. 1, 1943, should State would be favorably dis¬ be -detached and presented for posed. He indicated that holdings payment in the re¬ Called—It is reported Meridian Separate Sch. Dist. (P.O. Roy G. Stuart, Chairman of ,'/////, Meridian), Miss. the Board of County Road Com¬ Bonds Sold—It is reported that missioners, ■called for payment on $41,000 214% semi-annual refund¬ Nov. 1, all outstanding 1944 and ing bonds were purchased recently •1945 refunding" highway' improve¬ by George T. Carter of Meridian. ment bonds, the redemption price Dated Nov. 1, 1943. Legality ap¬ of which is $21,000. ' • ' proved by Charles & Tx-auernicht on re¬ noted: ment at the re¬ purchased bonds with 1944, should be presented for Bonds Sold—It is reported that $146,500 Said accrue. Bonds r , prepared by Joseph neighborhood of $1,000,000, possibly slightly in 240 excess of this figure, and he thus 369 had taken up the matter of re¬ 589 824 financing with the Borough Com¬ cipal amount thereof and interest that No. 4 revenue In somewhere M so deemed . District from the first sum he receives." said: / .-// '//• "So long as the State's left hand is not permitted to know what its right hand is doing in a fiscal were $100. and bonds inclusive. - Township School re¬ reviewed. The submitted doc¬ uments missioners, attempting to On cently by George T. Carter of Me¬ .//; ./ jv- ridian.. Dated Nov; 1, 1943. Le¬ St. Joseph County (P. O. Center- gality - approved by Charles & ' // ///. vnu), Mich::: ;// /-/ Trauernicht of St. Louis. Warren ficient amount 1713 1714 1720 1784 1818 1829 1840 of bonds,: payable Treasurer: ;-,%/4 • the ; be free to explaining these recommen¬ dations, the commission's report total 849 850 905 907 971 1063 1076 1082 1103 1155 1198 1262 1265 1277 1404 1468 1588 1621 1662 1671 1673 Dec. 1 on . 592 Gilbert, price a //:'■ 302 cease The certified check of amount refunding bonds of $325,000 the was J. of annual reduction principal '■. its debt out of any revenue it have available, but whenever debt charges fall due the State Treasurer must set apart a suf¬ //•■_'•;% •/ issuance in be bonds may J agencies. He then stated that the accrued- thereon to redemption only plan under which the bor¬ Biloxi, Miss. ,///;%// date, together with a redemption ough could operate successfully Bond Sale—The $25,000 school premium of 2% of said principal would be one carrying an interest construction bonds offered for sale amount, and from and after said on Nov. 6 were coupon of 2% as against the ex¬ purchased by the date, interest on said bonds will J. S. Love Co. of Jackson. Interest isting rate of 4t/%. In response .ditioned .cost of such opinion and printing of the bonds shall be paid by the at number: 20 National Bank 2s, as • of follows 245 MISSISSIPPI eon- ing the legality of the bonds. Bank the Northern Dulnth, Dated Dec. of Act. No. 94, of the Public Acts of National as bearing the prefix letter before each 100.028, a basis of about 1.995 according to the District Auditor. the to,be are and & Co. of St. Paul, & 6 1, 1943, to the respective maturity dates. No pro¬ posal for less than all of the bonds the interest thereon Dain of said, bonds numbered 158, p. 1680— syndicate com¬ Co., Piper, Jal'fray Hop wood, the Allison-Williams Co., Paine, Webber, Jackson & Curtis, all of ' Minneapolis, the com¬ Dec. will be considered. the serial pay The proposal of the Borough of Monmouth Beach looking towards no Bond Redemption Notice—Pur¬ suant to the provision of the Trust village is pledged for pay¬ ment of the bonds and legal opin¬ .cost, interest on premium will, not posed of Kalman be considered as deductible interest Funding to an /"5. The State shall meeting of the Commission on Oct. 25';../ limited the loan. the minutes of the an : puted 100,27 in for the year Dakota County (P. O. Dakota , net further which call for Monmouth Beach, N. J. State unless single a thirds vote of the membership of Esta1.60 appro¬ made each house of the legislature. "4. State borrowing shall Corp., and Co.. to with Nov. 29—v, 1867.) p. Colman, Barker, Indenture dated as of Dec. 1,1937, under which the bonds .of interest to be in multiples of Scott and Barber of Minneapolis were is¬ Commercial National Vt of 1%; Principal, and interest will ;■ be furnished the successful sued, i the Bank & Trust Co., of New York bidder.' .payable at the Iron River National as Successor Trustee/has selected Bank, Iron River. The bonds shall St. Louis County Indep. Sch. Dist. by lot for redemption; on Dee/1, be awarded to the bidder, whose No. 18 (P. O. Gilbert), Minn; " 4% bridge revenue bonds, out of 'bid produces the lowest interest Bond Sale—The $84,000 semi¬ sinking fund moneys available "cost to the township after deduct¬ annual funding bonds offered for therefor, $56,000 principal amount ing the premium offered, if any. the & the $1,000, payable the bonds originally are scheduled for sale of the such redemption shall determining 100.38 and at to the District Clerk. fiscal insti¬ or made at the First National .be in direct numerical order. Rate In York, brook Mr, certified check for designated by If no desig¬ is made, payment will be nation then must terest than the successful bidder. payment dates at. par and accrued interest. If less than all of the outstanding .dale, re¬ Securities Mew be object or purpose and approved by a two- 100.46 1.60 appro¬ supplementary may restricted following appearances were Mayor Johnson, Mrs. Eninterest, and all bidders nis (Borough Clerk) and Mr. Sea¬ state.the lowest rate of in¬ man, the Borough Auditor. at which they will purchase less crued 1943. Denom. $1,000. Due Dec. 1, as follows: $9,000 from 1944 to 1947 incl. and $10,000. in 1948. Principal and interest (J-D) pay¬ •able inclusive. village •• 1.60 Co. Dunning & Co... Union ■ & single budget a par. The Board of detail for the financial condition of, treasuries favored $46,000 not to exceed 2% interest Trustees projects reserves the right to re¬ the borough, stating that he had from being funding bonds. Dated Dec. established, regardless 1, ject any, and all bids; Enclose a of the been .revenue rate :/:■''/ •/; ceived sealed bids until 7:30 p.m. on Nov. 13 for the purchase of of $30,000 coupon water extension, of 1943 bonds. ; Interest are issued^ The bonds will be sold for not .. C. P. instal¬ opinion and the cost- of zation or serial bonds, will be re¬ printing the bonds shall be paid deemable in full on any interest by the purchaser. „ / payment date from and after half River Tp. Pressprich No priations 100.55 during a period of fifteen Seeks to Refund Debt on 2% from the date of issue. If Basis—The following is taken from serial they in , Iron Bank; Hackensack principal and interest to be payable "3. 1.60 H. L. Allen & Co., R. W. as the Board of Trustees determine at the time of sale, both 1/2 ($199,000) be made in priation bill. 100,10 Halsey, Stuart & Co. and Bergen County Nat'l several of $31,200 of the said serial bonds to become on & Co. bonds, may 7' SpPlcer Graham, Pamn7Tc0: and MacBride, Miller amortization into Rate Bid int. Rate i?" issued, the is¬ be divided may Bidder— j 214%, payable J-D. Dated Dec. 15, 1943. Amortization bonds i $1,000 and $100, the be refunding 1 Interest rate is not to of such "Wisconsin, subsequent page. on a shall bonds. Dec. 15, 1944, and the unqualified opinion of the pur¬ sum of $30,700 to become payable chaser's attorney approving the on the same day each year there¬ legality of the bonds. The cost after. The bonds, whether amorti¬ total a interest the good faith checks. Bids shall be conditioned upon the Annuity and Invest¬ ment Board sold No purchase 1985 The over-all budget was re¬ duced from $21,245,151 to $19,133,222 in Mr. Sprague's executive budget, but the tax levy was in¬ from $11,140,896 to $11,508,663. The increase was made creased necessary of by $1,400,000. a revenue decrease THE COMMERCIAL & FINANCIAL CHRONICLE 1986 Nassau of residents Oddly, County will pay more taxes next because they have been so responsive in paying taxes this year. One reason for the expected year * decrease revenue was^that $555,- in' delinquents tax 000 which normally in collected "collections, would have been directly or Bewley, according to Younglove, pointed out that the need erty has been aggravated by Fed¬ eral through forced sales of properties, paid up this year. Other revenue decreases indi¬ cated were $126,000 in gasoline imposition of maintaining property are spiraling." 77:;"7 v 7;- Certificate The post-war that possibility years will make necessary a re¬ turn to home relief on a depres¬ sion scale is envisioned in the ex¬ which sets ecutive budget, fund of $330,000 for the, post-war up a re¬ ceive sealed bids until Nov. 16 for April 22, 1944. Issued in anticipa¬ tion the of levied for collection fiscal the Nov. of taxes which year 1943. Denom. of certificates and place of payment began Mr. 1, Sprague of $2,- continue with a reduction in 1944. A total of $2,493,000 in county bonds was re? 204,000 'tired in ■/••v The 1943.v 7 //:v/. • planning and $45,000 for an addi¬ tion to the tuberculosis hospital at -V:., 7'7"; ;■ '777/; 7/ ' York New Plains (State of) A small the was decrease : in v*'"77 ' the West¬ County tax rate sult of White Nov. 9 had the follow¬ on ing to say::7;;.7777.:;':7 chester of out report news issue the fol¬ county will lowing bonds in 1944: $100,000 for road construction, $280,000 for dra&age, $500,000 for acquisition of land, $165,000 for post-war Farmingdale. Taxes to Show Slight Decline— A as a re¬ drop of about $253,709 in net county budget for 1944 a predicted by today County Executive Herbert C. Gerlach. Mr. Gerlach announced tentative pro¬ posals for the 1944 budget to be filed next Monday with the Board of Supervisors. He said the net for next year will be Refunding Must Be Emergency— budget about $7,71O,O0O, compared with The Buffalo "Evening News" of $7,963,709 for 1943. The gross Nov. 8 carried the following re¬ budget for 1944, he said, will be port: 77'//" ■ Officials of Western New York about $534,000 less than the gross villages and cities today were budget this year. The gross budget special district taxes warned that permission to refund includes which are collected by the county municipal debt would be difficult to obtain from Comptroller Frank solely as an agency for the special Municipal Officials Debt Told C. Moore in the next few years. Addressing the Regional Munici¬ pal Training Institute, sponsored by the State Department of Ed¬ ucation, in the Common Council chamber, William Executive P. Secretary of the confer¬ Capes done for other than to lower taxes. reasons Refunding will not be granted as means of pyramiding debt." Discussing developments during the last year in the method of municipal administration, Mr. Capes said a way has been found Tor municipalities to set up fire insurance funds by which a mu¬ nicipality insures itself. He re¬ called that several moves to have the Legislature permit fire insur¬ funds the cause defeated were lobby'was too "be¬ strong 77 against us."/7,/■/■/;77/; • "Municipalities now ari permit¬ . ted to set up raised thus reserves for capital in by budget, of'about amount county 1944 than it a decrease a the be and lower this year. was be to taxation the, rate will that Buncombe uled Tenders Invited Dec. It in the to First of & son 1.744%. cost S. Dick¬ R. Co./ and First Securities Corp., Durham, $125,000 100.015, net interest cost l%s at 1.749%. Mackey, Dunn & Co., and Reyn¬ olds & Co., $50,000 iy2s, $50,000 l%s, and $25,000 4s at 100.15, net interest cost 1.7552%. ity decrease can the amount of Real Estate Tax Load to Be Stressed In 1944 Legislature—The Joint Legislative Committee on Assessing and Reviewing, headed by State Senator William Bewley, Transylvania stated County Tenders (P. O. Invited—It of the Board of tenders is that he will ask that a load the in 1944 part of the real estate tax in other Legislature receive will of the following bonds 26, at noon, dated July 1, 1937, due July 1, 1972: General Refund. the State sources of be shifted revenue, it to was revealed recently. re¬ ing- ' < ' .7' ,'7 7','/' .7 7 7City of Asheville water refund¬ ing. 7 7v- '7-v • , Assemblyman Joseph R. Young- Asheville Local Tax School Dis¬ love of Fulton-Hamilton Counties, Secretary of the Committee, dis¬ trict closed District will the that be in recommendation addition to fhe com¬ mittee's proposals assessment and | 2 tji/at the entire assessnpept review procedure in the.1, Sfptp be re¬ vamped. He quoted Sypafor Bewley as saying: "The sad record of facts is that the condition of real estate worsened progressively from 1930 to 1940, particularly in the larger cities. values A 40% was loss in real reflected the Island of estate refunding, Special Refunding. Funding, Series A. Funding, Series B. Interest Funding, Series A. Funding, Series B. OHIO be received until Nov. 24 (CWT) noon on by Robert P. Tompkins, City Auditor, for the purchase of 4% Storm Sewer District $9,000 2A special assessment bonds. Denomination $1,000. Dated Dec. Interest payable J-D. Due on Dec. 1 as follows: $1,000 in 1945 and $2,000 in 1946 to 1949. 1943. Bidders of rate 14 Manhattan, the area the world's highest values. A destruction of values has taken place that is unprecedented in the world's history." School Tax Township Special refunding. District refunding. Woodfin Sanitary Beaverdam School may bid for interest of 1%. in different a multiples of No bids for less than and accrued interest. and and Cuyahoga Falls, Ohio Bond the Allen Offering —Sealed bond of outcome Memorial Co.: Sewer Sanitary Sewer w * various Nov. 2: on will be received until bids The ap¬ issue, amount noon of lost hospital 8Vz by issue $315,000; Nov. 22, by H. O. on close certified a the bonds bid check for Coshocton Co.: In the Clark En¬ 2% ral of for/ payable to the Tp. Sch. Dist. Norwalk), Ohio (P. Crawford O. school by G. Reynolds, Clerk of the Board the issuance bonds. of $35,000 /7/7///: //// levy ru¬ car¬ rural IMj and Galion In Co.: levy the was sanitary mill sewer mill levies were defeated; in Cha¬ 5 mill school levy, approved; Fairview Village, 1 mill "The Charter provides that the school levy, approved; University City Commission may issue bonds, Hts,, a .9 mill operating levy, apipsite the 10-mill limit, in any proved; Warrensville Hts., 2 mill amount not exceeding 3/10 of 1% school levy, approved;. Berta, 1 of the total value of all property mill levy for Berea Community listed and assessed for taxation, Hospital, approved; East Cleve¬ without submitting the same to a land, $200,000 bond issue for itreet is reported follows as grin vote of the electors. "Since cess the $340,000 was of said 3/10 of 1% ask to necessary the ex¬ mill school it became electors approval of issuing said bonds a 3/10 Of greater 1%. "The amount /",7'7v7/7.'/■■■■ vote on this than ,v; proposition required a majority vote, which given by a substantial ma¬ jority. 7.;777 77; 7/7/77 was "However, vote it the outside required issue, to limitations, of all 65% a bond favorable this failed to materialize issue was North Bond 7 defeated." Ohio Canton, Offering — Sealed will be received until all . bids end noon . 1 levy, approved; Solon mill school levy, ap¬ levies defeated. levy renewed was ♦ V '.77 Erie Co.: In Sandusky the by an school over¬ 7-/h/7, whelming vote.: Fairfield Co.: School levies car-t ried by substantial margins in the Lancaster, Thurston, Liberty- Union and Carroll districts. vote; and the approved * Village, 5 proved; Lakewood, 1.7 mill school levy, approved; City of Cleveland, to vote their in Falls, improvements, in . garbage collection levy, V defeated; in Salineville, the school maintenance levy was approved. Cuyahoga Co.: In Brookpar, 2-1 jected the proposal to issue $340.,It f Columbiana Co.: East Liverpool, Middletown, Ohio Bonds Defeated—At the general election on Nov. 2 the voters re¬ 000 7storm the in Conesville defeated; the Bucyrus recreational levy, de¬ feated; 2 mill levy in New Wash¬ ington, approved; 3 mill village operating levy, defeated; North Robinson, 1 mill school levy, ap- * proved.77v 7/7'' v:;,7; '7 '// 7; ,;7.',/ 7, ;7 Bonds Voted—It is stated 2 district it did district. Hartland construction as district and in Oxford rural school City Treasurer. Nov. school ried Geauga Co.: mill In Chardon * the 2 school levy, approved; in Twp., a 3 mill levy for 5 years, approved and in Russell Twp., the 2 mill levy approved. * Troy Hancock (EST) Co.: / In mill on * Ward Rural school district but the est. Co., North Canton, or at the of¬ fice of the Village Treasurer. En¬ this included Prairie Rural school, close 2 Authorized — The $35,000 2y4% semi-annual im¬ provement bonds. 1943. 1954 Due on Dated Sept. Dec. 1, 1 in 1945 to inclusive. than par and accrued inter¬ Principal and interest pay¬ able at the a Harter Bank certified check for $500, payable to the village. * levy in Marion Holmes & Trust up in Bond Sale—The p. $1,025,000 cou¬ bonds offered Nov. 10—v. 158, 1682—were awarded to a syn¬ composed of Fahey, Clark (State of) this defeated. was All the tax m levies county Were renewed the Millersburg-Hardy, mills. 2 * Municipal Bond Prices Decline —J. A. White & Co., Cincinnati, the city reported on whelmingly. With most Nov. 10, markets as follows: generally Jackson Co.: The 3 mill Knox levy in of Jackson carried over- Co.: & The voters have ap¬ proved the continuation of 5 of 6 tax Co., First Cleveland Corp., Hay- weaker during the past few days, Miller & Co., all of Cleve¬ dealer bids for Ohio municipals land; Weil, Roth & Irving Co., were lowered somewhat, although Cincinnati, and Paine, Webber, little reduction was effected in of¬ Jackson & Curtis of Cleveland, fering prices. Our index repre¬ as iy4s, at a price of 100.09, a basis senting the bid side of the market, of about 1.234%, Details of the ■ mill; Ripley rural school, 3 mill; Nashville, 3 mill; Kilbuck, 2 mills; and Ohio Co.: den, Sewer refunding. District refunding. elections less dicate refunding. Water Biltmore on local iy2s. City Bonds pon Water refunding. Caney Valley Sanitary East lows 100.94 for Council is said to have passed an ordinance calling for the issuance Tax District District of Cleveland, Ohio Special Sewer District fer Bellmore, 4 Nov, 19 by Lester L. Braucher, operating levy, defeated; in general Village Clerk, for the purchase of Andora, 2 mill levy for operating election on Nov. 2 the voters ap¬ $12,000 4% storm water sewer purposes, approved; 3 mill school proved the issuance of the $160,- bonds. Denomination $1,000. Dated levy in Findlay, approved. 000' 2% fire station and equip¬ Nov. Hocking Co:. In Logan the 1, 1943. Interest payable ment bonds by a wide margin, ac¬ mill cemetery levy, approved and M-N. Due $1,000 -from Nov. 1, cording to the City Solicitor. 1945 to 1956. Bidders levies were approved in Gore, may bid for Dated Jan. 1, 1944. Due in 1953. a different rate of interest in a Goodhop'e, Green, Laurel, SaltStar-Washington and in multiple of y4 of 1%. No bid for creek, Cincinnati, Ohio Tax Weaverville Public School Dis¬ Woodfin Cleveland of \4 bonds due 1945-54 as at 100.09 showed little actual by C. H. Campbell, City Auditor: Athens, Ohio Bond Offering—Sealed bids will trict refunding. in sales for of School refunding. Johnson Special District refunding. Reems Creek The sale today by $1,025,000 Union of Biltmore School Tax District as Trust Co., iy4s Cincinnati, McDougal & Condon, change in the market. The second and Fox, Reusch & Co., jointly bid for 100.078 evidences a good bid 100.077 for iy4s, this being the underlying demand for Ohios. second best offer. An account Moreover, preliminary reports in¬ composed of Bstabrook & Co., dicate that;/ only 10% of the Eastman, Dillon & Co., Paul H. $7,750,000 bonds submitted to the Davis & Co. and William J. Mer- voters throughout the state last icka & Co., offered 100.059 for week, were approved. iy4s; Stifel, Nicolaus & Co., 101.03 Result of Local Bond and Tax for iy2s; Halsey, Stuart & Co., Balloting — A bulletin issued on Blair & Co., Inc., E. H. Rollins & Nov. 4 by the Ohio News Bureau, Sons, and George B. Gibbons & Inc., of Cleveland, reported as fol¬ Co., Inc., joined in making an of¬ bonds. School Buncombe funding. 7 7 City of Asheville Series 2 fund¬ following: Third County Com¬ until Nov. par ., the were Education, that the voters ap¬ proved at the general election on by E. Carl Allison/ Chair¬ missioners 1, Series 1954 to of Brevard), N. C. Bond ceived City of Asheville 1945 grade bonds today was compared with 1.20% a week earlier, and for 10 lower grade bonds 1.60%, against 1.56%. 1.24% Among other bidders at the sale H. proving opinion of Squire, San¬ County refunding. Buncombe County Series 2 re¬ ders & Dempsey of Cleveland will be furnished at the city's expense. funding. Buncombe County Series 2 Enclose a certified check for $200, funding. ^'7777,7 / 77// payable to the city. City of Asheville general re¬ Barberton, Ohio funding. V Bonds Voted—At the lire insurance it carries." dat¬ are for 10 high Cleveland will be furnished. Harriman this fund municipal¬ on interest Corp., New York, Fox, Reusch & - Co. $25,000 4y2s, $40,000 2s and $60,000 lLts at 100.17, net interest cost 1.702%. and H936: a from 1 1.42% for 20 Ohio bonds. The yield sal£ columns Ripley & Co., Inc.— $100,000 l%s, $25,000 iy2s, at 100.19, net interest cost 1.7242%. Chemical Bank & Trust Co., New York, $125,000 l%s at 100.10, net son—$100,000 l%s, $25,000 lLts at 100.53, net interest cost 1.6907%. Union Securities improvements," he explained. "As increases, these votes, * (EST) the 1.5 '7/ 77 * Bolich, City mills tax levy, defeated. Auditor, for the purchase of $80,Ashtabula Co.: 3 mill levies in 000 2% refunding bonds. Denom¬ Coldbrook, Dorset, Ostenburg, ination $1,000. Dated Dec. 1, 1943. Newline, Richmond, Williamsfield, Interest payable J-D. Due $4,000 Pierpont, Wayne, Conneaut City June and Dec. 1, 1948 and 1949, and Conneaut Twp., Geneva Twp., $5,000 June and Dec. 1, 1950 to and Harpersfield, approved; in ^ 1953j and $6,000 June and Dec. 1, Andover, 2 mill tax levy, defeated. 1954 and 1955. Bidders may bid Auglaize Co.; The village and for a different rate of interest in township of Wapakoneta the levy a multiple of Lt of 1%/ No bid for school purposes, approved; tax for less than par and accrued in¬ levy for Bucklan school, approved; terest. The approving opinion of levy for Cridersville, approved. Squire, Sanders & Dempsey of 158, p. 1778—Halsey, Stu¬ art & Co., Inc., bid 100,10 for 100,000 lV2s and.$25,000 3%'s, a net interest cost of 1.609%. Shields & Co., and Scott, Horner & Ma¬ No. . Dec. on 1963 and 1964, and inch—v. authorizing their issuance, tenders will be re¬ by the Sinking Fund Com¬ mission until Nov. 26, at noon, for purchase by the respective sinking funds, in the name of and on be¬ half of the issuing units of the following bonds, all dated July 1, ly $25,000 3Lis, maturing from 1946 to 1950 is orders and ordinances sched¬ — 26 Ashe- — election 7. Oct. Interest by Curtis Bynum, Secre¬ tary to the Sinking Fund Com¬ missioners, that pursuant to the provisions of the respective bond reported $75,000 air¬ submitted to Raleigh, N. C. Following were the unsuccessful bids for on due for stated is of in All of the bonds Fifth be an Oct. 25. incl. Sewer Michigan Corp., New York, on a bid of 100.004 for $100,000 lV2s, ville), N. C. Bond and $125,000 bonds awarded by the city How¬ O. at. Bids among the Westchester. (P. issuance for Other CAROLINA County refunding. Election—It voters given ed Dec. 1, 1943 and mature serial¬ and Water Water bonds will port the county budget comprises NORTH District refunding. the the fifth of the total budget in most local communities in real emergency. a a ance $253,709 refunding. Buncombe District man there will be ever, of Albany, stated: "Refunding must be ence, There must be districts. Under the tentative net and Water¬ Water Swannanoa Dated Nov. 22, 1943 and due 7 "7-7 77777/,7//7 to be agreed on by the purchaser said that county and the county. Legal1 opinion of expenditures were cut $1,053,000 Hawkins, Delafield & Longfellow in the budget, but the saving was of New York City will be fur¬ offset by the expected losses in nished the successful bidder. revenue. The program initiated by Mr. Sprague of reducing the Westchester. County (P. O. White Plains), N. Y. county's bonded indebtedness will period. South Watershed Bond Offering —Nicholas Pirro, County Treasurer, will ness. Ward various issues included in the were Morganton, N. C. $257,480 in State aid for the purchase of $1,500,000 tax an¬ home relief. /7777,v/--. 77\7^ ticipation certificates of indebted¬ r Sewer Dis¬ Sanitary shed District Onondaga County (P. O. Syracuse), N. Y. were taxes and Hazel ceilings rent "while the costs of operating and 1944 • Fairview trict refunding. for relief of taxation of real prop¬ Monday, November 15, 1943 levies, the burg school in Blandens- one district alone being- defeated. Jefferson road Co.: 2 mill levy for building, defeated; the tax in yields, declined from 1,33% to levy at Mingo Junction, defeated; , .Volume 158 tax levy defeated. THE COMMERCIAL .& FINANCIAL CHRONICLE Number 4229 Greek Island in not -■ Lake Co.: 8 levies ranging from 1 to 3 mill, these in addition to the Painesville city school levy, have all passed. to the State The Co.: Levy for main¬ tenance of floodwall carried. Co.; proposals in but ing the impact of unemployment estimated extent by Equalization. of Board actual 11.47 decreased taxes the decrease date to is special tax levy Amherst were de¬ tained 22.03% a increase. Oberlin 2 levies, one a renewal for support of Oberlin College li¬ brary and the other for village of maintenance Westwood ceme¬ tery, both approved; the Camden school levy of 2 mills, approved; Fairview; 3 mill levy, approved; Eaton school district levy, ap¬ proved; Grafton school district levy, approved; ; East Carlysle, levy approved; Pennsfield, 1 mill levy approved; South Amherst, 3 mill levy approved; the LaGrange village levy for operating ex¬ penses was defeated; in Elyria the $15,500 bond issue for street and improvements was defeated. Co.: In Toledo, the levy sewer Lucas for the tuberculosis hospital, ap¬ proved; 2 other levies for the re¬ tirement of debts of the Bond W. Call—City Howard Bondholders liver unmatured tached Mahoning Lowellville, side school, approved; in North Jackson, special levy, approved; Niles, 5 mill levy for city parks and 2 mill levy for city recrea¬ tion, approved; Leetonia, 3 mill levy for school operating pur¬ poses, approved; North Lima, 3 mill levy for school purposes, ap¬ proved; Girard, 2 mills for city and schools and Vz mill for city operating expenses, both approved. : ;;'% :■ A •. Bonds H. Ohio Voted—Village Clerk G. Sowers that states the voters approved the issuance of $8,000 fire-fighting equipment bonds at the Nov. 2 election by a count of 483 Dated April 1, 1944. Due in 1946. Solon, Ohio . Sealed again Tenders Invited—It stated by W. F, is Robishaw, Village Clerk, that he will receive sealed tenders until (EWT) on Nov. 29 of bonds dated July I, 1938, and maturing July 1, 1963. noon All tenders shall state the ber of num¬ bonds offered, the price they are offered and whether such price includes ac¬ which at crued All est interest to date of delivery. purchases made such tenders will pursuant be at the to low¬ of partment the Bank & Trust and First will Springfield, Ohio Defeated—At eral election Dec. interest cou¬ the gen¬ Nov. 2 the voters on receive sealed bids until 2 P. M. (Pacific war time) on Nov. 24 for the purchase of $1,470,000 not to exceed 2%% series A coupon refunding bonds. Dated Jan. 1, 1944. Denom. $1,000. Due Jan. 1, as follows: $50,000 in 1948; $52,000, 1949; $54,000, 1950; $56,000, 1951; $58,000, 1952; $60,000, 1953; $62,000, 1954; $64,000, 1955; $66,000, 1956; $68,000, 1957; $70,000, 1958; $72,000, 1959; $74,000, 1960; $76,000, 1961; $78,000, 1962; $80,000, 1963; $82,000, 1964; $84,000, 1965; $86,000, 1966; $88,000 in 1967 and $90,000 in 1968. Any or all of the bonds maturing 1968 incl. callable are 30 days' published notice, in numerical order, at par and ac¬ upon .bonds. drainage .V,'/-■ Refunding Bonds The City Council over which runs bridge Approved — is said to have bonds,, maturing budget. under the Approved—It is reported that the State Board of Tax Ap¬ peals authorized the city recently to issue $35,000 bonds to meet operating refund bonds and expenses maturing during the the to rate as a a spanning the new ' , could not afford penditure 000,000. of news awarded to taxable for its so "purposes. 1 The of by the Sale Bond R. — area commission for the first rough H. sale Nov. on paying a of basis a ex¬ about bonds the will bidder be offering Nov. on Scribner Sales, cigarette maintained their the The the & Affairs. and par income holders suc¬ to able for received for less or of private the character shall by the terms of income same be tax¬ companying turned. his The bid will re¬ will purchaser be re¬ without charge the opinion of Burgwin, Scully & Churchill of Pittsburgh that the bonds are valid, general obligations pf the township. The right to reject any of 102.63, basis a the said bonds shall name. Each bidder is asked to include in bid statement a of net his bid be 100.188 Blair were & for a •Bidder— city in the The said of sum will will be to or fail or neglect to complete his purchase in accord¬ The the of his bid. city will furnish to the suc¬ terms cessful bidder the unqualified le¬ to the the legality of the bonds regularity of their issue. Portland, Ore. _ _ of Nov. York 10 "Herald Trib¬ Park For National Portland employ years, -100.937 Commissioner Robert of post-war and to improvement cost 20,000 con¬ $75,000,000 persons for of Lansdowne Bond annual certificates. offer to the they should ma¬ the state price, not exceed¬ Bond that - — _ _ _ 100.00 sale Nov. 4—v. on willing to sell the 158, Tenders Corporate Trust De¬ partment noon be re¬ (EWT) on Johnson Co. of Philadelphia, as Is, at price of 100.43, a basis of about 0.92%. Dated Nov. 1, 1943. Due Nov. on 1 in 1944 to 1958 of 1943 Increase Shown in Current Tax M. In were as M, Freeman & Co.___ First 1 Rate Bid % Bank, 100.00 IV2 101.39 1% for sale of about 0.71%.' Due 100.20, on Other lows: Dec. Dated Dec. 1 close " a in 1944 to tinue able 1953. on were . as fol¬ receipts months reported until Interest Aug. be sold at par and accrued inter¬ est to date of sale. Principal and interest payable at the City Treas-» urer's office. ; TENNESSEE Murfreeshoro, Tenn. Bond Offering—W. M. Draper, City Recorder, reports that he will receive chase 2% sealed of bids $148,000 electric in Collections 1942. year total $39,140,721 $38,235,394 in 1942. as for not system the to revenue funding series A bonds. J-D. Dated nomination Dec. pur¬ exceed 1, $1,000. re-; Interest 1943.; Due De¬ , June 1, as follows: $27,000 in 1956, $39,000 in 1957, $40,000 in 1958 and $42,Optional for redemp¬ 000 in 1959. tion on a in inverse numerical order interest payment date at premium of 2%% if redeemed any before or thereafter the June 1, 1948, and premiums reducing at rate of The bonds lA of 1% of refunding amount of year. like principal a Electric series nue per issued for the pur¬ are System reve¬ A bonds, and will be payable, together with the unrefunded bonds of series A and such other obligations as may be isued on a parity under the provisions of the resolution authorizing said bonds net be from the revenues to derived from the operation of the city's electric distribution tem. Bidders are rate or multiples of a sys¬ requested of rates J/4 of to interest 1%, and bonds will be awarded to the re¬ sponsible re¬ sults in bidder the whose lowest bid interest cost city without consideration accepted for accrued in except less interest the case No bids will be than to and par Dec. 1, 1943. The city will furnish the approv¬ ing opinion of Chapman & Cutler of Chicago, and all bids must be conditioned. so the In order to availability of the as¬ pro¬ ceeds of the bonds by Dec. 1, 1943; use in paying the bonds which for have on been called for redemption thjat; date, each bidder must accept delivery of the agree to bonds noitj'lajer than Dec, 1, 1943. Enclose of the decertified check for 2% bonds, payable to the City Treasurer. Tennessee con¬ the upgrade, this against Debt (State of) Study Compiled—A phlet on State of maturity pam¬ the debt structure of the Tennessee calendar and for a all bond of its outstanding obligations as of Oct. 15, 1943, has been compiled by Equitable Securities Corporation. ' Receipts bids , 0.75s, basis of is received before maturity after three from date. The bonds will years year ago. showing an increase of $905,327 this year as compared with the 'same 10 as 1, 1943. decrease of $3,022,337.51 pared with 1V2 % a Current city tax Nov, 4—v. 158, p. 1584 awarded to the Union price a from last year. The present rate of the tax, however, is 1%, com¬ $198,000 semi¬ bonds offered Pittsburgh, bonds. Dated sure comparative report for the 702.59, 100.001 on of a $20,650,000 year. that city ..wage tax collections thus far this year amounted to $17,396,- (P. O. Erie), Pa. Sale—The refunding a total against the corresponding 1942 period, Mr. Marshall pointed out Law¬ Erie Sch. Dist. at will as 101.30 Bank, Co., New Castle- Bond tax first 10 months of the Current year 100.91 1% iy4 National Nat'l rence follows: Int. Rate Singer, Deane & Scribner Peoples Taxes, show that rev¬ from the city's municipal wage in¬ was payable 2, 1943. Due Aug. 1, as follows: $1,000 in 1955, and $6,000 in 1956 to 1959. Call¬ F-A. premiums enue 3s 24, at 10 a.m., by Anna M. GoetzyCity Auditor, for the pur¬ chase of $25,000 2% airport series of identical bids. :;-v;■" during the current Other bids be of clusive. Bidder— will' fered: Receiver of H. for Offering—It bids the & R. Second DAKOTA to a to 101.399 Nov. 19 and they must specify the numbers of the certificates of¬ 1584— p. until will Receipts—Figures given out on Nov. 5 by W. Frank Marshall, City awarded were of incl. Nov. in ceived at the — 1953 Yankton, S. Dak. name certificates. of to SOUTH ing 103% and accrued interest, at 100.02 Sale—The $58,000 semi¬ borough bonds offered for and by any American city for cushion¬ wish amount and the Ellwood City, Pa. two the first such plan initiated mentioned holders turity 2i/2% Bonds Bank annual a program struction - above the 1 by E. H. Rollins & Sons. which they are reported in part follows: the to certificates of that issue and dispatch from Portland New the - M. M. Freeman & Co Schmidt, Poole &Co Moses Submits Post-War Plan— A special If Bank, Upper Darby—___100.13 $30,000. draw. draw his bid with Rate Bid > not forfeited the said city as liquidated damages should the successful bidder with¬ ance % Reynolds & Co._ Upper Darby National accepted. Each deposit but reports credit balance of the Schmidt, Poole & Co.__,__102.537 accompanied by a certified check upon a solvent, bank in favor of said 1% % Bonds 1, Nov. 011 bid pose Philadelphia,' May 1, 1957, the existence of $535,575 in the sinking fund account which is ap¬ plicable toward the purchase of Co., follows: as $3,000 high at due of by due Nov. made of any, be Lati¬ bid made and as basis a Dated 1944 Assistant Secretary of the Fidelity-Philadelphia Trust Co., be delivered for W. mer, of Butcher from on holders of Philadelphia Gas Rev¬ enue Trust 314% trust certificates high For Wanted—H, ; Dated Nov, 1, 1943. 1 in 1944 to 197L Nov. on Other bids considered and will any, Tenders Singer, Deane & Pittsburgh, as l%s, about 1.31%. Due Philadelphia, Pa. 1584— p. 2.698%. Federal any the contract to purchase the bonds and in such case the deposit ac¬ ceive to Philadelphia, tax law, the successful may, at his election, be relieved of his obligation under Dated of price of 100.26, a about 1943 $30,000 funding 9—v. 158, p. Nov. awarded Sherrerd bidder Other bids 158, & same interest by bonds F/a. offered 1683—were principal bid No accrued from type and $50,000 bo¬ offered bonds bonds The bonds will be sold to the the 1.136%. 4—v. of price a Trust Co. taxes be as " - . Bond Sale—The of bonds. accepted. In the event that prior to the delivery of the bonds awarded to —were $21,818,797. of Bids should be addressed to funding bonds offered for Moses of New YTtrk recommended Increase. must the Rate multiple and registerable than follows: was as amounted a of Internal $75,- Johnson 1953 to 1959 inclusive. were as today year 1958. in proceedings by the Department of Nov. 1, 1943. Denomination $1,000. Due Nov. 1, as follows: $10,000 in 1948 and $5,000 in 1949 and from with the same period last year was shown in a report Sat¬ urday. this 1% all 10. 158, p. 1682— price of 101.139 for l%s, months of this fiscal year as com¬ Collections to be highest responsible bidder subject to approval of the authorizing 8—v. IVzS tax pared of 1954 to be were bonds coupon Inc. une" four in Secretary at 504 Clairton Road, R. D. No. 6, Pittsburgh after than cessful bidders for the fered, if tax Oklahoma exceed general Swoyerville School District, : Nov: 22, by William Secretary of the the refunding bonds by a count of 96 to 22, according to F. S. Cook, Borough Secretary, of are unem¬ Voted—At Nov. 2 the voters ap¬ proved the issuance of the $20,000 p.m. of only. of justify the Co., of Philadelphia, Ellwood City in bids 7:30 the above more Second to 2.27% until . to the city the lowest net interest cost upon the issue, premium of¬ of) item: 101.207 1942; Allegany, Pa. on 2%s, at !4 Amhridge, Pa. at Receipts Continue Increase increase .7.*; : (V. O. Large), Pa. Tp. Killgallon, for PENNSYLVANIA its of said city as -—The Oklahoma City "Daily Oklahoman" of Nov. 5 carried the vj'; Bonds election for less than all of the bonds will amount, upon all the real or personal property within the lim¬ and (State ' & —114 received interest ' or i ' A. ____ on $4,000 Columbia outskirts Port A >•', 6%, payable J-D. Denomination $1,000. Dated Dec. 1, 1943. Due Dec. 1, as fol¬ lows: $3,000 in 1944 to 1953, and Vancouver, Wash., northeast compared with rate is not to interstate new and a slight drop in delinquent city and school tax collections, but water rent receipts jumped $52,768 as Commissioners, for the purchase of $50,000 coupon gen¬ eral obligation bonds. Interest might number many more 20,000, but. that Portland were opinion of Wood, Hoffman, King & Dawson of New York City, OKLAHOMA beer C. war than gal of 1943. Oklahoma and and the city without limitation or interest Zanesville, Ohio to Portland, be Board -1 the Willamette River, through the heart of River between sale bid must be unconditional and approved the refunding of $215,- collections around bridge 848 last year. Mr. Marshall's report showed 100.519 Offering—S ealed (EWT) day, stresses the development of arterial highways through and jointly will announced to¬ as Sons & Bond new annual should Youngstown, Ohio An His program, ' 1 100.08 Jefferson was New York State. 100.52 Dolphin ... & ■;. v l being $27,022,486 against $26,401,- 100.15 had Moses and Co., Inc. and Webster Dougherty responsible in New York City and able from ad valorem taxes of said total following Mr. "v & 1 Blair , after Tax which Co. Rollins 100.65 Bidder— ; % Int. Rate Premium Jan. 1, 1949 and -Ambrldge"National Bank— lV* % $250.00 Singer, Deane & ScribnerV 1 lA 55.00 upon any subsequent interest pay¬ Moore, Leonard & Lynch.. 1%; t 269.00 ment date. Principal and interest or all bids is reserved. Enclose a (J-J) payable at the City Treas¬ East Lansdowne Sch. Dist. (P. O. certified check for $1,000, payable urer's office. The principal of and East Lansdowne), Pa. to the township. interest upon the bonds are pay¬ Bond Sale—The $60,000 semi¬ the remainder for ' 1 Greenwood & Co,, jointly improve¬ crued interest, on interest cost to the city deduction of premium, if current ments playground ployed in the Portland Atwood, K. his and sewer Bonds and Mr. Moses said that the $150,000 1944 terial and City Auditor, will to who men Chicago Keen, Close 1 assisted in the development of ar¬ buildings to Astoria, Ore. 1950 trained Savings Co., jointly H. Co., ac¬ bonds OREGON in highly & Yarnall & Co., jointly.;.Reynolds & Co. and H. T. Mr. Moses brought here a staff Portland. Offering—O. & E. American cities to follow. of Co., 100.81 Stroud & pattern for other a Price Bid and & Kernel", and Newburger Hano, jointly His bonds, 6, 1943, and for interest due Nov. 6, 1943. pons set may Co. & un¬ peace comes. & Freeman Trust Rambo, the city, a sewage-disposal system to clean up the river, new school said on Johnson M. Bank, great for turned down the proposal to issue 000 study where immediately Rate jointly geared to made be the face amount of the crued National Co., Oklahoma City, remittance complete, at the ex¬ pense of the city, at such city in Oregon as "the successful bidder offering price. Bonds at¬ coupons H, Harris , 167. to with all bonds Toledo special tax levy to improve North- Rossville, the interest including interest coupons 6, 1943, to the Trust De¬ Bond In Co.: ceases. due Nov. defeated. were J. all requested to de¬ are mail or of the Toledo school dis¬ expenses that interest date Public Library and for operating trict Treasurer announces Optional Refunding bonds, Series "A" and "B," dated May 6, 1940, maturing May 6, 1960, redeemable at the City's op¬ tion on any interest paying date, are called for payment on Dec. 6, which Portland, employed when outstanding on industries numbers will be Okla. Sapulpa, in ness feated including Vz mill levy for hospital operations and tljie other for village operating purposes; in population of war-time production, the city em¬ ployed Mr. Moses at a fee of $100,000 to make plans for the devel¬ opment of post-war life and busi¬ main¬ collections its and war an tax Income R, end. normal 340,000 swelled to 500,000 by the reflected. 2 its 1987 Bidder—\ M. With the big ration cut is not yet ever, the war's at estimated'de¬ of not less than 15%. How¬ against crease Lawrence Lorain ■Gasoline Twp,, from taxes reflect an current increase of school $620,- 637, the total for the current year The study includes the most cent State financial in which statement net debt of re¬ the is listed THE COMMERCIAL & FINANCIAL CHRONICLE 1988 A brief discussion $83,751,761. as of Tennessee's financial situation and its various classes of debt, to¬ gether with a discussion of the law authorizing these obligations, Chapter 165, Public Acts of 1937, are also included in the study. A limited supply of these pam¬ phlets is being distributed by the Equitable Securities Corporation's Nashville office. TEXAS / Culberson County (P. O. Van Horn), Texas of all for the bonds. The is price offered must not be less than par and accrued interest. The bonds will be aw&rded to the bid¬ der whose bid produces the lowest interest cost to the City over the life of the bonds, after deducting the premium offered, if any. In addition to the price bid the pur¬ chaser must pay accrued interest by Leo Dacus, City Clerk, from the date of the bonds to the reports $36,000 road and bridge refunding bonds offered Nov. 8, has been Judge; County Carson, that action on the sale of the deferred to Dec. 16. ; Spearman, Texas stated Invited—It Tenders Bond the City Board of Commis¬ exceeded estimates, the surplus would be drained pff into 1944, Jan. and July 1, 1945 and 1946, $30,000 Jan. and July 1, 1947, 4s, $835,000 maturing $30,000 Jan. and July 1, 1948 and 1949, be received until noon (EWT), on $45,000 Jan. and $70,000 July 1, Nov. 16, by Charles B. Borland, 1950, $100,000 Jan. and July 1, City Manager, for the purchase of 1951 to 1953, as 2s, and $2,030,000 $1,000,000 coupon or registered maturing $100,000 Jan. and July general improvement bonds. In¬ ly 1954 to 1962, and $100,000 Jan. terest rate is not to exceed 3%, and $130,000 July 1, 1963, as iy2s. payable J-D. Denom. $1,000. The city may, at its option, call Dated 1, 1943. Due $100,000 from all or any of the outstanding Dec. 1, 1953 to 1962. Rate of in¬ bonds for redemption on Jan. 1, terest to be in multiples of one1955, or any interest paying date tenth of 44 of 1% and must be the thereafter, upon 60 days' advance same Postponed—Burch Sale Bond that VIRGINIA Norfolk, Va. Bond Offering—Sealed bids will date of the payment of the pur¬ Issued to finance im¬ revenues as tax were as Freres said issue.. ■, give tion assessed in value Wendt said Mr. make tax several factors Maine's three weeks and Kansas's two weeks. Twelve others ago, 1, 1944, he said. On that date almost will at' end an Sat will be be retire used to 000 has been it, will be appropriated for 1944 debt principal and to meet inter¬ and ; He further noted that the have been fairly well established more 1941 improve¬ the return of the amount deposit¬ Series C J-D. Dated Dec, 1, 1940. Due Dec. 1, as follows: $1,000 in 1953, $2,000 in 1954 to 1968, and $3,000 in 1969 and 1970. No callable option.' 31,000 23A% air-port, Series 1941 bonds. Interest payable J-J. 1941. ment. The issue bid. The approving Due Jan. V. urer. held authorized at on an Bond Sale with The par light and power revenue 1943, Series A (Callable) bonds Nov. 4—v. 158, p. 1588—were awarded to a syn¬ dicate composed of John Nuveen on 2,405. In Nebraska's Legislature, 446 bills' introduced, of which 240 be¬ law—44 more than passed in to on a form furnished by the City and must be unconditional except fail¬ be to furnish favorable ure Thomson Wood & option by Hoffman of New York. Principal and interest payable at the City Treasurer's office, or at the First National Bank, Waco. All bonds ed the and bear are print¬ approval of the Attorney-General. The purchas¬ er will be given an approving op¬ tion by Thomson, Wood & Hoff¬ man of New York, on delivery, otherwise upon failure to furnish such bid opinion, acceptance of be automatically shall celled and sidered as of no effect and any can¬ con¬ not accepted and check returned to successful bidder. En¬ close a certified check for 2% of the par value of the bonds bid on, payable to the Mayor. taxes, and authorized Series B are issue bonds part of a amount on the & Co., all bonds divided ditional construction funds as follows: Indiana, inc. study the suggestion before act¬ ing upon it. Mr. Wendt expressed belief that the Common Stock at tax ation. The since Bought—-Sold—Quoted rate could be stabilized $21 for $1,000 of assessed valu¬ 1928 has a of $26.05 to year in rate from 1934. The a rate fluctuated high in that low of $23.24 last year was $23.29. Bear, Stearns & Co. Members New York Stock Exchange ONE WALL STREET, NEW YORK one Dfgby 4-8500 CHICAGO; 135 SOUTH LA SALLE STREET—Stale 0933 plained, plan, Mr. Wendt ex¬ if the revenues fell off the unexpended bal¬ surplus revenues^ set year, and aside from previous years, could be rushed into the breach to keep the tax rate from going up. If the 1941. The California Legislature en¬ acted the largest number of meas¬ ures—1,137. Connecticut was next with 982, Maryland with 948 and New York with 712. At the bottom of list the new with Arizona was 96 lawsY'.■- V;. UTAH Utah Tax (State of) Climb—A recent Receipts Dec. 15, 1959, Jan. 15, 1954, follovys: 2%s, due 2%s, 197,000 3'As, corporation fran¬ chise, $390,313.45 ($520,276.23) j beer, 70,829.18 ($71,232.77); cigar¬ 1, 1957, due June 1, 1949, ette, $240,736.46 ($227,316.31); inheritance, $92,392.14 ($111,163.54); oleomargarine, $33,343 ($29,933); motor vehicle registration, 1, 1950, lunch 109.088.. at $68,869.03 ■ due June due May 1, 1949, at Canada syndicate composed of Hal- Co., Inc., Field, Cleveland, CrutCo., Chicago, R. S. Dick¬ sey, Stuart & Richards & Co., tenden & son & Co., Charlotte, laney, Ross & Co.: Mul- and $50,000 2%s, due Jan. 15, 1956, at 106.81.V "Vy..A • 224.000 2%s, due Oct. 107.25. at Debt Corporation reports For several ticularly true since the outbreak when the large expenses of war, of government 1954, at in the war 1939, the total outstanding debt of municipal governments in was $1,228.6 million. By of 1942, it had declined Canada the 1, have been concen¬ outlays of the Dominion treasury. At the end of 110. due June follows: years trated , 145,000 3s, due Dec. 15, 1955, at 4s, as both provin¬ cial and municipal debt in Canada has been declining. This is par¬ all 117.24. — (Dominion Reported A ; 109.70. 25,000 of) in Municipal The Dominion Securities Decline 1956, 15, ; : 177,000 3s, due Dec. 15, . school CANADIAN SECTION ; 112.821. . ($75,948.70); fund, $129,990.62 (none). 109.978. at 79,000 4s, To and June 107.048. at 200,000 3%s, -''A v; ■ Income due 106.848. at Receipts of other taxes in the with last year's figures in parentheses, were as last four months, end 1953, at $240.9 million, and at the end of last year was $987.7 million. The To Harris Trust & Savings direct funded debt during this Bank, Chicago: period declined $162.9 million, $75,000 2%s, due Jan. 15, 1958, at guaranteed debt $8.6 million, and 107.06. bank loans $69.4 million. The abil¬ 30,000 2%s, due Oct. 15, 1961, at ity to reduce the debts has been 107.74. brought about both from larger 15,000 3s, due Dec. 15, 1958, at revenues and from a strict control of ordinary and other expenses. It 110.31. To Ryan, Sutherland & Co., $55,000 3s, due Dec. 15, is estimated that the will realize Toledo: 1949, at $31.7 108.31. Under his ances 1959, 104.748. 181,000 are the proposal with enthusiasm, but said they wanted more time to 1, at 106.728. of of the City Board of Estimate. Members of the board received June 55,000 2%s, due Jan. 15, 1957, of $135,000 maturing $15,000 July 1, Public service Co. of at 5,000 $2,000,000 will be issued when ad¬ Chicago, required. First Cleveland Corp., of Cleve¬ WISCONSIN land, Ryan, Sutherland & Co., of Blair, Wis. Toledo, Robinson-Humphrey Co., Bond Election—At an election of Atlanta, Martin, Burns & Corbett of Chicago, Boettcher & Co., on Nov. 15 the voters will con¬ sider an issue of $20,000 bonds to of Denver, Braun, Bosworth & Co., of Toledo, Hartley Rogers & finance completion of a sewer Co., of Seattle, R. S. Dickson & system project which was started under WPA labor in 1942. Co., of Charlotte, Harold H. Hu¬ ston & Co., Grande & Co., both of Milwaukee, Wis. Seattle, Channer Securities Co., of Stabilized Property Tax Rate Chicago, Allison-Williams Co., of Minneapolis, White-Phillips Co., Proposed — Setting aside unex¬ of Chicago* Miller, Kenower & pended budget balances and sur¬ Co., of Detroit, F. Brittain Ken¬ plus revenues each year as a means stabilizing Milwaukee's tax nedy & Co., of Boston, Weil, Roth of rate on property, at least for the & Irving Co., of Cincinnati, and next four years, was proposed Hemphill, Fenton & Campbell, of Portland, at a price of 100.0086, November 1, by City Comptroller William H. Wendt at a a net interest cost'of about meeting 1.61%, Cormick due 115,000 2'is, due $5,000,000. the in came $1,519,824.77 last year. 21/2s, at 104.33. total of one-House were report' by A. A. Firmage, cashier City of of the State Tax Commission, ledo: : $100,000 1, 1955. These bonds are ex¬ empt from all present Federal in¬ come 3,131, 2,780 and Massa¬ chusetts with by the ary offered for sale 3,594. with vestment Board—v. interest payment date after Janu¬ of with next the State's special tax State Annuity and In-, collections from July 1 to October 158, p. 1868— 31 totaled $5,013,220.72, compared were awarded as follows: with $4,682,174.92 in the corre¬ To syndicate composed of Chase sponding period a year ago. National Bank of New York, The report listed sales and use Northern Trust Co., Chicago, Bank tax receipts as;; totaling $2,446,of America National Trust & Sav¬ 630.53, compared with- 2,153,ings Association, San Francisco, 831.21, and the gasoline tax and Braun, Bosworth & Co., To¬ brought in $1,389,124,69, as against 9 July 1, 1955 are callable at and accrued interest. on any $3,000,000 — . made various j Due Jan. 1, as follows: $28,000 in 1960, & Co., the Illinois Co., Lee Hig$20,000 in 1961. No callable ginson Corp., C. F. Childs & Co., option. ■ Blair, Bonner & Co., Kebbon, Mcmust be $1,933,000 or near¬ Detroit, Mich,, both offered Nov. shows that after Wash. semi-ann. Dated Jan. 1, 1942. —The July 1, 1963. priced to yield from 1.40% to 1.65 % Bonds due on and Tacoma, election Jan. 23, 1941. 40,000 2V2% refunding, Series F bonds. Interest payable J-J. Bids invest¬ general consists' of WASHINGTON i 1959, and $3,000 in 1960. No callable option. The bonds were for annually from January 1, ,1954 to 1, as as follows: $2,000 in 1952 and 1953, $4,000 in 1954 to bonds $135,opinion of Reed, Hoyt & Wash¬ 000 4% bonds due each- January burn, of New York, will be fur¬ and July 1 from July 1, 1944 to nished the purchaser, without July 1, 1947, priced to yield from cost. Forms for bidding and de¬ .40% to .80%; $835,000 2% bonds tailed financial statement may be due semi-annually from January had upon request. Enclose a cer¬ 1, 3 948 to July 1, 1953, priced to tified check for $20,000, payable yield from .85% to 1.35%, and unconditionally to the City Treas¬ $2,030,000 1'2% bonds due semi¬ Interest payable Dated Jan. 1, above ed with the refunding, 3% York came Minnesota ' bonds. New was California tional 37,000 reporting, was 37,473, per cent or a little 38 Leading the states in number of deficit, he said, has also been built -up to where it can meet deficits caused by a drop in . num¬ states, than 14,000 were enacted. In the total introduced was 51,- bills tax Bank, of New York. De¬ Schoellkopf, Hutton & tax collections. Waco, Texas Pomeroy, livery on or about December 6, Although conceding that a new Bond Offerings — Sealed bids at the place of purchaser's choice, Hornblower & Weeks, city administration could not be will be received until 7:30 p. m. in New York or Norfolk. The en¬ G. H. Walker & Co., bound by this administration to on Dec. 7, by W. C. Torrance, City actment at any time prior to the Marine National Co., Seattle, maintain a constant tax rate, Mr. Manage!-, for the purchase of the delivery of the bonds of Federal Foster & Marshall, Wendt pointed out that a suc¬ following bonds aggregated legislation which in terms by the Atkinson-Jones & Co. and y v. :; ■).■' ceeding administration would find $.154,000: ■,'■ ■■■/■. repeal or omission of exemptions Charles hf. Tripp Co., Jointly. it hard to justify an increase in For $195,000, 4s, $38,000 2V2% refunding Series C or otherwise, subjects to a Federal the tax rate, once the public got $60,000, 3f2s, ■%:;% bonds. Interest payable J-D. income tax the interest on bonds used to expecting an unchanged $315,000, 2V2S, # Dated Dec. 1, 1940. Due June of a class or character which in¬ :%/% rate. Mr. Wendt said he did not $80,000, 2s, and 1, as follows: $20,000 in 1956, cludes these bonds, will, at the know of any other city that has election of the purchaser, relieve $1,630,000, I V2S (callable and $18,000 in 1957. Option such a plan in effect. or non-callable) the purchaser from his obligations 100.00 is reserved to call such bonds under the terms of the contract of on Bonds Offered to Public—The VFiscons/n any interest paying date (State of) • sale and entitle the purchaser to successful bidders reoffered the after Dec. 1, 1950. Awards $1,933,000 Detroit Bonds not which 569, of which 30 per cent ly 15,000 became law. fund, formerly financed by bonds, has been set at $3,800,000 annually by direct appropriation. The less. long as Governments, the total others re¬ of ment week one for ber of bills introduced in 36 and that the permanent $2,030,000, met State ... quirements for city pension funds provements least three to $10,300,000. A total of $765,- up at Only or longer periods than in 1941. New Jersey's, meeting annually, is the only one that has not adjourned sine die. According to the Council of down to' $10,600,000, while the amortization fund, which Richards & Blum, Jointly, For $135,000, 4s, to the City's streets, sanitary sewer and di-ainage sys¬ be Jan. it Co., Michigan's Legislature cut its session 24 weeks under two years debt as of est. & during-either of the other two" years. - V*• 'A;k • as stabilization possible at this time. The city's bonded & Adams With 44 state passed their of ^... property. J. M. Dain & Co. M. — legislatures in session this year, all but four meeting biennially, the sittings were shorter and the num¬ advance the rate of knowing,in $835,000, 2'/4s, and lV2s (callable or non-callable)_ ' 100.00 tems, incinerator plant and muni¬ cipal airport and the construction Shields & Co., of a public municipal auditorium. Spencer Trask & Co., Principal and interest payable in Coffin & Burr, lawful money at the Chase Na¬ Bear, Stearns & Co., 1938, and maturing Aug. 1, 1978. purchases to be made by pay¬ ment through the First National Bank, in Dallas, paying agent fox- would taxation, he pointed out, The only ber of measures considered fewer" variable factor remaining wouldthan in either 1941 'or 1939, but be the appreciation or deprecia¬ almost as many laws were follows: sioners will receive tenders until bonds, Series 1938, dated Aug. 1, rate > State Legislatures Enacted Numerous Laws stabilized property owners the advantage of Co., Smith, Barney & Co., Heller, Bruce & Co., ' McDoiialcl-Coolidge & Co., Bramhall & Stein, E. United States 1943 year. A First Boston Corp., Lazard UNITED STATES lean a will Other bids Dec. All stabilization fund to meet a notice. chase price. 20, at 10 a. m., of refunding Monday, November 15, 1943 75,000 3s, due Dec. 15, 1950, at 109.06. debt for 1943 another reduction of million, bringing reduction in four years the total to $272.6 million. Treasury Bills Sold—It is re¬ ported that an issue of $55,000,000 109.60. : Treasury Bills was sold recently at an average yield of 0.4122%. To John Nuveen & Co., Chicago: $75,000 4s, due June 1, 1955, at Dated Oct. 29, 1943. Due oil* Jan. 28, 1944. 118.18. 55,000 3s, due Dec. 15, 1951, at -