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vMMqnmmmi wnftHI
Volume
164
Number 4543
New
RAILROAD
Abraham
'
(incl.
PUBLIC UTILITY
-
Straus Inc., Brooklyn—Annual Report—
&
Annual Periods Ended—
sales
sales
of
.
of goods sold and expenses—****—_.—*
Depreciation-and amortization—
.
**,«.„
Interest
repairs
etc.
—i—*
Gross profit
*
_*_*—;
-J
43,729,043
307,927
—
*
35,322,495
331,059
339,293
57,596
an
$4,199,618
*
INSURANCE
-
tThere
transportation
1945.
5c
With
an
the
of
effective
ounce,
mail
of
52.9%.
to
Mail
of
1946
compared
air
mail
rates
from
last,
it
l
mail
is
with
i—.
dividends
dividends
accounts
Merchandise
Real
5,666,666
246; 140
2,393,551
4,688,442
193,438
680,147
695,491
.
not
used
in
overpayment
of
assets
operations—„
Fed. taxes on income
542,463
New York
172,732
Boston
3,779,753
413,185
i
trade.,.
$909,756
Accrued Liabilities—
Salaries
and
Federal
taxes
wages
for
assessment
282,039
v
prior
Other taxes .*,—****„*.
""Miscellaneous •***—
2~5~7~690
years
St.
173,497
<—**,——__._.*/V-;,: 293,812
384,170
•/." 65,750
43,401
fiundry. creditors
————————; ■ y% 599,141
15-year 2% notes, redeemed July 15, 1946
Res. for past sei vice retire, benefits under re«
tlrement plan
343,266
4%% preferred stock ($100 par)—
1,900,000
4V*% preferred stock (par $100)..
3,000,000
stock
231,297
1,600,000
shares,
2569
'
the
and
/<:v.2574';
...12571
———A*
Nov.
396,076
1,900,000
Curb
6
declared
Stock
.
/'/////:/;,/.
the
24,
and
directors
the
iboth
payable
total
dividends
tances
regular
Dec.
to
27
declared
paid in 1946
1945.—V.
/T Operations for
$492,585
dividend
of
to 85
record
cents
164, p. 2149.
an
basis
.........2577
...!
Exchange
dividend
of
15
Dec.
—V.
—2581
This
profit
The
with
compares
of
$370,837
company
excluded
months of this year
•/*
resulted
/ to
from
commercial
from
military
Federal
•
per
share,
of
This
2564
Dividends Declared and Payable
Foreign Exchange Rates..
:
as
Federal Reserve
;
compared with
Auction
Reserve
2585
..........
net
a
profit
of
^
2585
ended
compared
with
Sept.
a
the
reserve
was
an
' s
The
service.
portion
of
such
costs
equivalent
to
Passenger
to
for
54.1%
revenue
of
peacetime
the
first
the
jover
revenues
for
the
operations.
nine months
comparable
first
nine
Prov.
this
period
months
of
obsol.
for
;
year
of
1946
showed
last
year.
were
$41,-
Other
&
of
prop.
1945
&
42,961,501
3,469,496
equip.
&
STREET
2-2600
estimated
for
computation
distances.—V.
p;
.
made
charges
on
tax
a
$8,062,585
'
...
:•••• v.%
Production Manager* has been made a
He will continue in his present duties
Vice-President
in
charge
of
production.
income
credit
basis
(net)
taxes
resulting
from
402,741
profit
flown
—...
miles
....
—
...
♦After deducting $135,340
ment
not
yet
$370,837
$4,059,843
45,529,518
'
miles
Revenue passenger
and
profits taxes
excess
34,661,659
918,496,081 572,021,805
applicable to advance payments for equip¬
delivered.
SECONDARY MARKETS
2,683,888
3,847,7'75
165,999
5,050,743
$7,287,805
$6,556,690
417,795
——.—;**.
charge below——
2,052,291
before
spec,
pfd.
$7,399,205
2,066,030
99,535
*_i
and exp.—*
348,958
23,718
10,826
stock held by public-*——
of debt disct.,
on
111,400
,
$7,014,485
prem.
362,500
.
143,090
123,743
$4,478,668
American
General
$4,704,332
$1,601,784
$1,574,116
Light & Traction Co.—-
expenses
>■', Balance
;'3/
requirements
Balance
—
on
in
common
a
$763,276
$991,057
—,—."*
J
preferred stock—**—
$5,241,944
$5,695,389
——
included
of
consolidated
in
V*//S'
804,486
'
share*.
income
66,198
244,825
___•_*_*,_**"*-*—*,
-
NOTES—The
included
272,036
98,047
294,925
**—_*_,*—*
Earnings per
:
445,535
____*—***——■
Consolidated net income
was
CORPORATE FINANCE
1,814,610
*
2,873,608
long-term debt——*——j———.
on
Dividend
Cr370,000
——
2,933,862
—— **
Income from other investments——
3,600,000
loss
.
Net
1945
1346
"
-■
State, local and misc. Federal taxes
218,095
iiZ;
additional
revenues
Federal income
534,435
/
336,951
from
tax
,t
Fed../' "
(net)
deductions
income
^
Compan y
INCORPORATED
the
804,486
$4,437,458
$4,890,903
"
company
Federal
consolidated
and
income
Federal
income
$1.76
$1.60
subsidiaries will
Its
tax
return
and
for
excess
1946
profits
Trading Markets
Over the Counter Securities
1922
45
NEW YORK 4,
Bell
Teletype-.
R. Y.
NY 1-573
,
Troster, Currie & Summers
Members New
Members
Telephone
REctor
2-3600
New
York
NASSAU
Security
Dealers
PhUadelphia Telephone
Enterprise
6015
York Security Dealers Association
Association
STREET, NEW YORK 5
Bell Teletype
New York 1-570
the
on
1077.
company.
Wilson,
/Miscellaneous income deductions.
1,323,089
$1,090,319
of transition to peacetime
exps.
revenue
ended
than the
period
less
had- been
164,
that
the
4%
DEPARTMENT
Established
HAnover
is
flown
25,917,488
gearhart & company
Telephone-.
miles
approximately
NoW 5 filed a letter of notification with the SEC
($10 par) 5% cumulative preferred and 20,000
on
income
Dividends
$47,521,316 $35,303,162
—
deprec,
Provision for Federal income
Municipal Bonds
30 BROAD
_
*
2149,
-Amortization
...
....
opers.
representing amount equiv. to
income tax; credit resulting therefrom
SPECIALIST IN
cAllen
contracts
the "ncffdj.if<piaputed on
on
Sepc. chge. equiv. to reduc. in inc. taxes result.
from x'efin. of Michigan Consol. Gas Co.—__
months
FLOEUDA <& NEW JERSEY
MUNICIPAL
the
pther income (net)
sept.. 30'
Net operating income
Portion of esti.
/
Revenue
of
account for nine
1946
Federal
the
tax credit resulting from their
deductibility for tax
charged to profit and loss, in the amount of $534,435,
in the amount of $871,847, was charged to the
transition
for
increase
income
ended
Interest
delays in reassigning personnel from military contract
operations and from retaining of personnel returning Z
balance,
■"Passenger
an
its profit and loss for the first nine
estimated cost, amounting to
$1,406,281, which
these
American Light & Traction Co. (& Subs.)—Earnings—
Interest
•
per¬
par) no common. Offering price, $10 a unit consisting of
of preferred and one share of common.
Underwriters, E.
(no
share
of
from
been,
General
the
W,
company
Gross
Operating revenues
Operating expenses
30,
profit
under
Operating income, before special charge below
..2584
S
.
^
months
profit
quarters of
$1,191,703 for the
if
above
I.
Federal income
System.—
Sales—-.-—...-..-™
consolidated
net
charged
.services
Maintenance
$
/
Subs.)—Earnings—
a
been
Dec.
accompanying
directly to the
Depreciation;
——2,682,774
State, local and misc. Federal taxes*
—-^i*
3,884,975
State income taxes-----*---*----^-^---.'-/----130,953
'-*■/■/■t-y'i-'.'yj.
(&
the
$48,165,605 $50,203,407
Gas and electricity purchased for resale—*—
8,861,658
11,588,631
Operation
20,201,086
17,763,955
—..—2584
Bank
for
Subsidiary Operating Companies—
Condition Statement of
cents
share,
bring
filed
20,000 shares each
Operating
..—2585
2582
The Course of Bank Clearings
Federal
15
the
passenger
have
,12 Months Ended Sept, 30—
Condition Statement of Member Banks of
will
returns
Fitch & Co., Philadelphia.
Proceeds will be used for
machinery, working capital and other corporate purposes.
Redemption Calls & Sinking Fund Notices.2584
.
/,...
per
revenue
Magce,
to
164, p.
"-The
State and City Bond Offerings and Sales...2596
income
purposes
and
in'
American Building Corp., Dover, Del.—Files with SEC
Stock Exchange...2564
•
cents
12.
L.
reporting
2578
Markets
of
"airport-to-airport"
Frank
General Corporation and Investment News.2537
share,//
the
/■/''
Mexico,,
assocKrceti
and
would
Vice-President of
Miscellaneous Features
-.v./..;
tax
M.
1946 resulted in
$4,059,843 for •
comparable 1945 period.
The 1946 nine-month profit figure in¬
cludes k $370,000 Federal income tax credit
resulting from loss on a /
/'■■tax basis.
^r:
..
de
included
Chefs, Inc.
Aluminum Company of America—New Vice-President
....2577
...2578
shares
■
the
distances rather than
prior to that date.
It
used
and
1945
shown
of
Stock and Bond Averages——..^..
the third quarter of 1946 resulted in
improvement over the first and second
third quarter of 1945.
'V1 Operations for the nine
net
30,
9,031,711
'
of
have
but
Part,
r
flown
flown
flown
Sept.
for
extra
an
quarterly
holders
American. Airlines, Inc.
a
Sky
of
as
miles
*
year.
and
_
Transactions New York Curb Exchange-..-2564
dividend of 75 cents per
a
review
statements,
"airport-to-atrport"
1,405~325
1946—Month—1945
1946—lOMos.—1945
$1,698,504
$1,570,684 $13,976,040
$9,951,016-
164„ p. 2005.-
the
consolidation
not
terminated
amounts
Exchange
Exchange.
Transactions New York
Allied Laboratories, Inc.—Extra Distribution—
of
Airlines, Inc.
in
Airlines
are
company, has
waived
all
profits thereon to
cost and expenses applicable to
the company's
contracts are
not
included In the
miles
revenue
..2576
2576
....
Exchange
Stock
Over-the-Counter
Stores, Inc.—October Sales Up 8.1 %—
—
70 cents in
Include
SteViM result IB"So K!SSte/il-.SLr*""* 1945 ««> 1946';w"l'
Effective Jan. 1,
low
,hp
"v required,
$19,167,519 $16,344,767
on
Adam Hat
Oct.
tax
of $534,435,
charged to the
at
Dec.
31,
1945
and
the
remainder
were
July 31, 1946. Renegotiation proceedings pursuant to
War Contracts Renegotiation Act have been
concluded for 1944
prior years, no refunds being required thereunder.
The company
;j-1,405,325
par).;
no
*—*
Period End. Oct. 31—
share
for
amount
was
operations.
statements
Overseas
Bureau's
Government,
been
Toronto Stock Exchange—Curb Section..2580
/
On
deductibility
the
such
loss
terminated
3413.
The directors
per
Louis Stock
Toronto
payable Dec. 12 to stockholders of record Nov. 22. This compares with
65 cents paid on Sept. 12,
50 cents on June
12, and 40 cents on
March 12, of this year.—V. 164, p. 2149.
V "
''
.
had
Stock
Montreal
p Acme Steel Co.—Declares 75-Cent Dividend-
^
_2564
one
.
163, p.
—V.
their
in
$871,847,
the
The
of
and
10,227,672
(155,155
surplus
Total
Bales
Exchange
Montreal
—
-V.
peactime
financial
American
and
1945.
profit
U.;v S.
i—2553
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
143,344
187,456
v;-
Earned
to
above
Revenue
formance
Exchange./..——.2575
Detroit Stock Exchange.;
....——_.Z-_2575
Los Angeles Stock Exchange..—._..._._2575
'y $731,558
income—.,
on
thereof
(Bonds)
,,1/..,
Stock
Cleveland
$19,167,519 $16,344,767
***
payable,
Common
from
of
1942 through 1945.
From early In 1942 to July 31, 1946 services were
performed by1*
the company for the U. S. Government under
war contracts at cost
Chicago Stock Exchange
2574
Cincinnati Stock Exchange.—.—2575
LIABILITIES—
Possible
amount
;
31,
(Stocks)
Stock
Exchange
New York Curb Exchange
'
392,091
—_—*.
"i
Total
contract
years
Baltiuiftro
charges
Accounts
Internal
Its,
New York Stock Exchange
374,765
109,255
5,045,220
Goodwill
■;i
ThU
Stock and Bond Quotations
or-
1
Deferred
In
2,000,000
,,
in joint merchandising and service
ganizations and miscell. other assets-
.
months"
$1,406,281,
provision has been made for Federal excess profits tax for 1945
prior years as the company is believed to be
exempt therefrom
although its liability for Federal taxes on income is subject to the*
Aug. 4, '45
$1,633,409
3,563,373
Invest,
Fixed
resulting
the
No
;'/
2,000,000
receivable-——i—.
inventories
debtors
estate
Claimed
nine
to
from military
company's wholly owned subsidiary, American
A.
The accounts of the
following subsidiaries
S.
the
amounting
the
:
Aug. 3, '46
$922,163
;
demand deposit and on hand——
Government securities at cost
Sundry
NOTES—The
.
credit
in
transition
consolidation:
90,250
/ 543,044
698,199
on
S.
Customers'
tax
balance,
for
for
expenses
cost,
personnel
charged to profit and loss,
was
the
reserve
$1,362,674
_
assets—
U.
income
purposes,
and
3,110,000
ii; $2,044,618
& 150,458
——
_
comparative .balance sheet
Cash
operating
estimated
and
Net -profit
Common
from
the
1946
operations and from retraining of personnel returning
service.
The portion of such costs,
equivalent to the
military
Federal
8c
$4,472,674
2,155,000
30,
commercial
from
expected
Oct,
on
down
was
months
reduction
excluded
was
Sept.
resulting from delays in reassigning
'
Preferred
Copf
a
MISCELLANEOUS
-
ended
poundage will increase.
''■/.-i&f w*
Operating expenses during the first nine months of 1946 increased
-because
of
training expenses incidental to operation of new
type
aircraft, institution of the 40-hour week and general
compensation
increases, and- delays in delivery of four-engine aircraft.
87,710
-
Profit before Federal taxes on income—
Provision for Federal taxes on income—
to
ounce
the
$2,257,604 for the nine
in
that
$4,384,964
17,584
,
$4,791,710
57,290
$4,182,034
*■**..—.i.
Other --.inqome,"" net-'.
from
*fvJ!RuSi ?
s
380,390
*
INDUSTRIAL
-
•
Revenue
pre-
.
"
"
,
-
—
indebtedness, debt retirement
on
inlum,
and
Price 60 Cents
860,668, compared with $27,159,055 for the first nine months of
1945.
p/ess and freiSht revenues showed a decrease to $2,691,405 in
1946 from $2,764,716 in 1945.
:.
V'Y v, "V'v.'.,' ;-v"'•••'
Aug. 3/46
Aug. 4, '45
leased departments)— $48,615,893 $40,476,198
Cost
Maintenance
York, N. Y., Monday, November 18, 1946
"WttW^ IW WfWWWHh..
General Corporation and Investment News
.
Net
««'wm.tmm
in
74
Trinity Place, New York 6, N. Y.
Telephone HAnover 2-2400
Private Wires to Buffalo
Teletype NY 1-376-377
Cleveland Detroit Pittsburgh
St. Louis
be
and
tax
which
Inc. from
Y,
Ltd. (& Subs.)—Earnings—
Subsidiary Companies 80% or More Owned)
American Metal Co.,
(Including
below.
(net)
items
bef.
income
Other
etc..
Admin. & gen. exp.,
F*ZnnX°Wnm---~-i
60,771
inc.
than
other
Taxes,
Prof,
■'■
►
1,095,672
176,796
208,274
510,947
Fed.
-676,464
.
257,959
-.956,445
profit
Earn, per share on aver.
outstanding-.
$0.93
shs.
business
SSSSinterests'
Min.
propor-
0.36,086
com.
per
'
•
.
Co.—Accumulated Dividend,:
Public Service
directors
The
on
share
declared a dividend of $4.50 per
12
Nov.
on
a quarterly dividend of $1.75 perpar $100, both payable Dec. 20 to
of accumulations and
the 7% preferred stock,
account
on
share
Deposit with Purchase Fund Agent
tlon of 5% cumulative preferred
Other assets and
.
1078.
p.
Total—.
LIABILITIES—
5;414,387
3,085,293
2,838,871
48,179,102;
'
42,000,000
38,210,175
payable __1.--.L_-4.--.. L—,-i.—:—4,825,112
vacation pay & misc. taxes, etc.
3,733,793
for Fed. & State taxes on income—__L4
11,389,689
Accounts
Ended Sept. 30—
Nine Months
of
Cost
7946^_
- •
—
—L;:
and administrative expense.....
Provision for depreciation——
—,
Selling
,
—
Sundry income —>—-——-
...ll
Total
Interest
charges
Sundry
•,
——___
(est.)
Y
■
Net
;
"^$521,725
Nil
——
share__-.p---rT-;:
common
per
——
—
'
-
income
Earnings
Earned
profits
excess
-
491,000
50,000;
"
V $252,857.
^"pldbsibre
*Lq§§k,
which may result from excess profits
operating loss carrybacks have been included
refund
of
amount
CONSOLIDATED
S.
U.
res.)_.
tax refund
100,261 //
•Accrued
Capital
Earned surplus
retire.. &
Total
1, 1937
——
Treasury
S.
U.
notes of $30,708 in
.
tax
164, p. 1325.
$302,107 in 1945.—V.
Gross
Period End. Sept. 30—
(net)..—_—
sales
sales
Other
Total
Cost of
(net)
sales——
net
sales
ice
sales
Cost-of other
Other, operating
costs—
Balance
_
(net)—
Other income
Total
Prov.
—
for Fed.
Reserve
Net
for
inc.
tax.
conting....
V f
6,829,851
6,519,674
''
'■
______
tax
1
•*.
'?•
$593,421
$517,950
W
•
$630,495
$584,323
Income
Federal Income
$126,986;
tax
■
American Telephone &
/
week
over
—V.
bentures Soon Ready—
$588,905
.
Net oper.
2%%
°
debentures,
1,037,205
7M80
1,O~3O401
/;/■ 735,240
$305,195
$220,844
$3,812,193
$3,280,140
15,750
241,000
72,000
$276,445
1,156
$205»094
$3,571,193
842
99,691
$3,208,140
160,044
$277,601
$205,936
$3,670,884
(net)_—
/
Gross Income
Int.
f.nd
(Cr)
730,335
•,
:
'
78,125
937,501
2,450
/>.
struction
$2,560,081 $2,158,449
608,600- .
608,609"
r-$199,441
$120,638
stocks for period
.'VA.'./.;Hi£\>-
to. pfd.
applicable
58,320
;'.i
'
*
'i.;.1
4"
,
♦
*A
.$0.39;
'
'$1.90 ;
/
164,
p.
of
•
approximately $1,000,000 during the next 15 months
and rehabilitation of old equipment.
President, revealed that the corporation's..
newest plant, the Hampton Print Works, in Easthampton, Mass., was
acquired toward the close of the past liscal year at a ccst of approxi- ;
mutely $1,500,000.—V. 183, p. 2431; V. 154, p. 146.
\
'
poration will spend
Associated Dry Goods
'■
Lf.';
Period—
.
•Net-profit
tEarns.
*
per com.
After
income
$0.08
providing for depreciation, interest and estimated
tOn 360,224 shares.—V. 164, p, 2006.
Federal
;
:
purchased for
gas
resale
2,226,677
—
of plant; '
property" and equipment.—_____
Amort, of Utility plant acquisition adjustments
retirement / (deprec.)
for
Provision
.
Other
taxes,
$29,780,038
10,900,115
_'
1,231,475
—
Maintenance
Corp.—Earnings—
$0.11
share.../
and
•"
taxes
Operating Income
Other.income (net)_:——
•Gross
Income
—
T__L_
—
—
income
of
deductions
companies
Expenses, taxes
subsidiary
The proposed offering of 336,550
Which
was
to
be
made
to
Net
additional common shares (par $11,
of record Nov. 1,' has been
♦Reduction
^
Balance
Sales
—V.
•
1946—Month—1945
$641,451
164,
p.
2006.
—.
and income deductions
$713,823
/
6f As¬
,
$5,385,116
"
in
of
the
of
non-recurring
taxes)
Federal
in
2,872.960
1945
$29,154,70810,891,750
1,118,032
2,075,706
2,782,323
347,985
305,322
2,346,323
1,578,261
2,806,122
1,868,810
$8,237,905
157,841
$7,463,980
154,529
$7,618,509
4,119,632
3,886,123
3,000,051
3,039,698
re¬
—
income
income./...—.
taxes__..._.—
—
1
$1,276,063
$692,688
388,491
1,395,652
$1,664,554
$2,088,340
deduction in consolidated returns for interest
of the direct and indirect parent companies
(reorganized in January, 1946) which deductions are no longer avail¬
i*Attributable
to
the
and amortization charges
1946—9 Mos.—1945
$5,438,470
(excl.
income
duction
stockholders
164, p. 1582.
Angerman Co., Inc.—October Sales 10.1% Higher—
; Period End. Oct. 31—
/
(operating.)
Electric
sociated
$77,517,760
/"<
Offering Postponed—
indefinitely postponed.—V.
Subscription
Oct. 27/45
$8,395,746
taxes—__—_____—:
(including State income).
income
,"
—
1946
'
• •
revenues,:..
expenses
Electricity
1946—9 Mos.—1945
$164,365$108,017
$0.45
V
$0.30
Subs.)—Earnings-
End. Sept. 30—
operating
Operating
*
1946—3 Mos.—1945
$42,306
$28,586
$34,211,939 $28,031,006 $90,175,760
Associated Electric Co. (&
12 Mos.
Total
Oct. 26/46
'
050.
p.
9 Mos. Ended
Oct. 27/45'
Oct. 26.'*46
-
Y V
Corp.—Sales Increased—
-3 Mos. Ended
-*
*
subs, store cos.
of
Sales
—v. ,164,
2402.
.
fabric-coatings, this cor«--
for the purchase of new
William
A.
Broadfoot,
electric
the
designed to develop
the recent scientific ad¬
stepped-up research program
a
printing and dyeing techniques utilizing
in dvpstuffs, printing chemicals and
vances
properties of this company for the
ended Nov. 9, (945 totaled 96,886,000 kwh., an increase of 21.39%
the output of 79,812,000 kwh. for the corresponding week of 1945.
output
to
addition
In
new
„
ENDED JUNE 30, 1946 •
---j
unconsolidated affiliates)—___ *$4,381,484
—.—
plicable taxes.
$7,428,940
_
.
those of
(exclusive of
Earnings .per
•
$1.68
C,^1"1
and Earnings—
RESULTS FOR YEAR
4,592,116
1:
.....
<
•■''j
earnings
tNet
$2,836,824
______
<;■ .
'■
$5,668,725
"
„
Asplnook Corp.—Sales
—____.—
989,000
share—.$5.55
siight increase over the previous year's gross of $4,094,247.
tin-*,
" ■ " eluding corporation's equity in the earnings of its affiliates, less ap--
$5,668,725
$5,697,874
"
*Y'1 '
•
Ssles
3,877,938
-
'
'
" -i /
$5,668,725 $7,428,940
$1,549,040
$1,960,472
'Balance—1—
—V. 164, p. 2006.
18,532,034
418,006-
*
170,000
surplus
Balance
Dividends
924,479
Cr74,424
92,740
reservations of net
Misc.
$3,368,184
-v
78,042
11,576
/
deduct.
Interest charged to conint.
Other
•'
•
78,125
lli611
:
mtge. bonds
on
•
1,739,322
revenues—.
income
Other
6,505,946
'
$1,819,936
$4,845,331
Period End. Sept. 30—
Of
1,043,938
1,072,881
60"314
-
,
share
per
American Writing Paper
■
coupon piece, registerable -as to principal, or in fully registered form
in denominations of $1,000, $5,000, $10,000, $100,000 and In multiples
2402.
Crl0,431
84,227
in^
income
6,590,000
'
due Aug. 1, 1980, may ex¬
change their temporary debentures for debentures in definitive form
on
and after Nov. 25, at the Central Hanover Bank & Trust Co.,
trustee, 70 Broadway, New York, N. Y.
-•These debentures, in
definitive form, will be available in a $1,000
p.
"
Federal
(ac¬
Telegraph Co.—Definitive De¬
Crl76,309
87,014
, .
14,548.521
American Zinc Lead & Smelting Co.
$100,000.—V. 164,
^
^
Output—
Power
$342,177; other taxes (accrued), 880,074; reserves for obsolescence, $613,831; reserves for contingencies, $51,463; preferred stock,
no
par "(at declared
value of $50 per share), $2,945,400; class "A''
stock, no par (at declared value of $50 per share), $702,250; common
stock
(par value $1
per
share), $91,627; surplus, $1,613,742; total
$6,567,550.—V. 164, p. 2006.
102,047
$28,032,882 $31,069,452' "
••)!" Jl"
:■
Net/income incl. speclal tax adjustment
Net
30, 1946
crued),
35-year
•
9,429,536
9,254,692
Crl,613,900 Cr4,146,214
spe-
iUp: (bef. special ..tax., adjustmonts)
___l.
$204,700; accounts
receivable
(net), $198,775;
inventories, $229,597; contract deposits,'
$3,980;
investments (net), $35,610; property and equipment (after
reserve for depreciation
of $1,593,621), $4,220,327; prepaid insurance,
etc., $27,131; total, $6,567,550.
payable.
854,774
i
taxes
come
•
-
s
/1; • cial tax adjustments $4,845,331
♦Special tax adjustment--
1946 and
.
•
ASSETS—Cash, $1,579,431; U. S. Govt, securities,
LIABILITIES—Accounts
Tower & Light Co.—Earnings—
1946—Month—1945
1946—12 Mos.—1945
$841,329 $13,828,505 $13,086,978 /
$1,409,344
635,887
7,923,271
8,231,133''
lieu of
in
'
.
BALANCE SHEET, SEPT.
of
.
„,
877,245
■
$5,697,874
L"""
adjustment
bef.
$15,023;
accrued,;
Sept. 30—
revenues
Prop, .retir. res. appyop.
v , ".$0.69
1946—9 Mos.—1945 ;• 1946—12 Mos.—1945 4.'; .; *As restated reduction in Federal taxes on income due to amorti¬
zation, on a shortened basis, of certain facilities under necessity cer¬
$2,912,097 $2,810,111 $3,428,085
$3,310,761
tificates issued by the Federal Government.; Originally, necessity cer¬
504,704
244,497
626,363
345,859
tificates permitted the holders of amortize the cost of the facilities
covered thereby over a five-year period,
but under the proclamation
$3,416,801
$3,054,608 $4,054,448 $3,656,620
issued by the President of the United States on Sept. 29,
1945, the •
945,136
919,100
1,160,584
1,079,630
.holders
of necessity certificates are permitted to amortize
the cost'
'
404,635
173.831
470,611 ■; 248.73Q
of the facilities; covered thereby over a
shortened period: viz., from
1,284,901
1,217,143
1,580,973
1,478,944
the beginning of' tne amortization period to Sept. 29,
1945. Under
$782,129
$744,534
$842,279
$849,316 % such proclamation, subsidiaries of the company elected to amortize
the cost of facilities over the shortened period and the consolidated
48,292
29,766
68,866
44,457
income accounts for the periods ended Sept. 30, 1945 have been re¬
stated for comparative purnoses to reflect the greater tax reduction
$830,421
$774,300
$911,145
$893,773
237,000
256,350
280,650
299.450 .; resulting from the shortened amortization period. Such reductions, will
not be available in the future.
tResulting from refinancings and from
—
10,000
sale of transportation properties.*
income—
Holders
1
,
6,924,398
10,660,642
$4,845,331
'-'V
'■
9,583,954
;
$9,393,630
,
$670,143
series "C"), $251,062; interest! accrued,
retirement trust, $28,336; preferred dividends
Period End.
Charges
1,199,208
$14,429,285 $16,358,510 $20,217,246 $25,960,974
incl. special
Net^inc.,
Net' income
758,734
American Service Co.—Earnings, etc.—
Ice
-
•
$20,"948,959 $23,188,367
income
income
•
,
2,434,830
1,926,619
$8,208,664
—
deducting
on
_______
Total income deductions
125,000
275,000
3,778,615 {!;< 3,778,615
'-•> 758,734 4
6,443
4853,217
$670,143
i:}
'
890,000
—...
...
•After
'$130,000
760,000
—/_/
Cr 104,613
28,750
$1,788,113
6,542,109
'5,270,073 L; 4,813,705
' 1 ' r
- 684,880
*798,029
depl.
tl.r.LL
Income
Federal taxes
715,235
value)
78,535
153
'■//■Income;.
239,463
...
since Jan.
v
8,033,158
5,026,202
adjustments,:....
'>.'4 178,540 y// 171,752
j.—_____
$755,121
142,317
Other taxes w—
95,932
203,252
$889,921
,
C>:
'—
stock (221,062 shares of no par
surplus
-
.
- •
$0.69
/Amort, of prop, account
$9,393,630/
$430,000
contingencies.
for
Common
-
$1,057,096
eral" income
98,689
—47,904
^
$670,143
30,000
,
,
———_______
_u_
payable to insurance co
Reserve
:
,__-T
0
taxes
;
on
tReduction
payrolls, commissions, etc..;..:
Accrued
Notes
$8,208,664
-*
,
.
payable
,
$1,621,075
Deprec.,
....
Accounts
for .common
.$191,641
Gross
Total
LIABILITIES—
Notes payable
$2,820,283
1,199,208
$1,091,047
899,406
$1,956,502
2,343,105 shares outstanding (exeluding shares held in system)
...
,
speciai
Prepaid and deferred expenses...
Cash surrender value (lire insurance)
$882,370
Operating expenses
Federal taxes
—L__
<;
£$. 576,255
t
,—
—
—
Land, bldgs., mach. equip, (less deprec.
Excess
profits credit, carryback
and
•'H
.
796,902
323,071
595,279
claims—185,000
,
,
,
86,649
—__—.—L_reserve)
——.——
Inventories
■'
$178,866
670.143
Notes
Arkansas
ii
Operating
2,408,767
Other receivables
amortization
'
„
V ) 899,406 /
L_-
stock and surplus..
•
■
$634,253
_
accounts receivable (less
1946
•
$219,778
6^7,113
position as possible»
-
2,587,184
-
-
Government
*
1,260,398
62,119
3,292,800
:
securities
Cash
'
' 1
'
.
$43,030
...,.825,490
-
-Balance
22,500
% NOTE-—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
order.
However.:., they are always as near alphabetical
4.. ;$0-25 v
1945
$889,575 ^ : CONSOL. INCOME ACCOUNT OF COMPANY AND SUBSIDIARIES ; f■;
3,046,627 ■' f Period End. Sept. 30—
1946—9 Mos.—*1945
1946—12 Mos—*1945
Gross earnings
$60,419,064 $59,454,708 $80,286,996 $79,518,567
1,002,335
131,558
Oper.'exps. & mainten.
28,488,950 25,621,449
37,910,362 34,622,834
Taxes, other than Fed''
-•,
1,720;147
ASSETS—
Customer
dividends
Per share
BALANCE SHEET, SEPT. 30
"
L-
Net -income
Preferred
measured until the
losses continue, the
applicable to this period is estimated at $630,000.;
since
42
22,500
5,625
,
1946—12 Mos.—1945 ,
$3,940,356 $3,232,537
-"479,724
707,002':;' ■' '647,572
136,872
(
tax refunds
credit carrybacks or
income
655
stock/;
fNo'
their effect cannot be accurately
results for the full year are determined.
Should
in
.
refundable deposits, $193,553; other deposits, $11,635; unamort¬
ized bond
premium, $97,101; other reserves, $14,094; $5 cumulative
preferred stock mo par .value—4,500 shares), $450,000; common
($5 par value),1 $600,000; premium on common stock, $184,380; earned,
surplus, $352,217; tptal,. $5,402,4C8.^-V. 164, p. 1326.
__
Net*rearnings"^^-SllT"$2^093^374"^^ihide,3kT$3T&,^4T$2.585^015^:
'
12,427
11,661
Vv
..■
$5,625;
$2,166,050
etc.
$2,667,067
LL-~ • ' "573,693 '
Int., amort, of debt discount, etc.
_
$1.14
tax.
Cr206
v
1946—9 Mos.—1945
30-^
inter.,
div.,
Expenses
'
•
tax
COMPANY ALONE
INCOME ACCOUNT OF
End?Sept.
period
;
5,625
(net) ...
profit sharing
Electric Co., Inc.—Earnings
'
Earns^,
Cr601
paid
Saving
Tax
p. 1582.
American Water Works &
.
>
166,740,428 139,727,828
Total
—V. 164,
$845,812
35,378
25,239 , ;. ib,5i/
Federal income taxes
contingencies
•f Pro vision for
Provision for
Earned surp.
ul_— ,, *$468,297
"on'notes payable_-J-_-L_----..—255,188
52,726,856
—.—
—
surplus —-——
._4___.—_.12,441,618
segregated as a gen. reserve
42,000,000
L__—
._
39,571,358
surplus—
in
Paid
353,452
137,740
stock
Capital
l^4;Y.
$9,534,310
7,591,080
*$565,781
$762,758
r*.
14,090 v'- 44'^®
—{ o3,3y4 ^ i ^ 50,013.
-L.
operating profit..
Interest received ...—r—
Net
Reserve
n
allowances-—$6,920,313
—
6,249,357
and
sales less returns
sales
——
Gross
Subs.)—Earnings-
(&
87,500
3,036
3,368
BALANCE SHEET SEPT. 30, 1946
^
including Intangibles (after reserve for:
depreciation of $3,047,046), $4,512,428; construction work in progress,'
$301,125; automotive equipment (less reserve), $46,865; investments,
$52; special deposits, $405: cash, $171,866; accounts and no es re- *
ceivable (less reserve), $143,181; materials and supplies, $157,743; de- *
fprrcd assets, $68,657; total/ $3,402,408.
,
"
'■ ''
LIABILITIES—First mortgage bonds, $2,500,000; accounts .payable,
$107,763;
miscellaneous current liabilities, $6,167;
accrued general>
taxe.', $85,452; -Federal-income taxes (after deducting $5,000 Treasury
161,201 f
Accrued wages,
American Seating Co.
v
/.
,
.
,
87,500
',12,277
2,464
■
Surplus end of period;; ;• $852,217
166,740,426 139,727,828
-
$312,995
21,875
■
3,645
.....
16,484
$345,746
$76,155
$56,880
Sundry adjust,
64,583,983
70,198,845
1,814,580
Rights, patents and licenses,
$296,511
21,548
ASSETS—Plant and property
VI
842,649
■
.
and
depreciation
-for
this year were
20, $1.75 each.*
$11.75 in 1945. g
share. V. 164,
-;4.V-;:;;^vX^
record Nov. 30. Payments .previously made
as
follows: March 20, $4.75; and June 20 and Sept.
Total paid in 1946 will amount to $12.75, as against
Arrearages as
at Oct. 1, 1946, totaled $23.75 per
of
holders
$324,198
21.875
■/.
.
dividends
Dividends
16,234,982
—18,667,603
for redemp,. .
, •
equipment, less reserves
amortization..—
at cost less amort.
Land, buildings and
.
_
Y-Total .vY-L-
42,468,077 ;
10,386,915
1 ■ 5,000,0003
stock..—458,171
investments^..l_._l.iiii.-x.-.
990,919
.
266,802
'
i
Inventories
American
interest
Balance
'Sept. 3d,'46 "Deo. 31/45
securities ■ j-...1I_L^-_-./V64,049,701
Accounts, notes & accrued int. receivable——.— . 10,560,602
Est. refund of prior years Fed. taxes on inc.—
'
•
"270,503
4,972 :'•■"■
'•
notes
deductions
Preferred
-242,116
$71,183
$87,424
'
serial
Miscellaneous
Other
173,357
114,933
5,283
mtge.. bonds
on
172,925
164,495
-66,900
$82,138
rev,___
Income
1st
on
Interest
SHEET
i
and; marketable
Cash
$0.94
$0.87
,
v
?
operating
690,505
162,979
-•.
75,734
*
income
711,977
-
*
,
19,435
;>•
67,200
*
/
Surplus begin, of period
COMPARATIVE BALANCE
"ASSETS—
„
" $0.33
$0.37
Int.
734.936
45,837
37,100
•
taxes.. -
$2,554,193
801,951
23,009 ■;';■
taxes
v'V'L
,
1946—12 Mos.—1945. *
$2;604,085
190,035
,
49,643
Income
Gross
$1.50
structed during the war.
9,535
$498,235 $1,367,806 $1,448,949
/'
share
after pid. div. requir..
—V. 163, p. 3126.
Earns,
Net
Other
amortization of emergency facilities con-.
provision for
flncludes
.
C.952
5,452
5,517
$1,161,855
income-.--
net
iwffi
ieo:m
.
,
consol?^subsldiarUs_°_ i '
Total
.
220,796 :•
20.
Dec.
215,271
202,326
•
$3,475,321
*$4 16
,
1
Depreciation
.
for 327,411 shares ox common
in consideration'
Viscose Corp.-
1946
12,
Sept.
stock of American
,
?
General
last 18 d^vs of September, 1946 from the
formerly owned by Sylvania Industrial Corp.
The assets,
and goodwill of the Sylvania Industrial Corp. were acquired
business
on
$0.31
revenue
& wat. purch.
gas
Federal
the
for
those
♦Include
"88
Elcc.,
Maintenance
$3,149,612
$834,565
$2,050,229
852.681
5«
sur.
tax__
Net
no.
Pre»nI0lncoile' tax"-'!'-
&
of record
$684,395
$888,212
Other operating expense
$2,936,365 $14,278,162 $11,982,321
■ 146,250 ;r:
72,000
.
461,250
271,000
1,562,300
703,000" 5,667,300
2,114,000
__—_
1,326,800
—6,122,000
v
profits
exc.
Operating
$3,758,779
taxes
stockholders
to
1946—3 Mos.—1945
Period End. Sept. 30-
-1,1
for
income..
tax
normal
Fed.
secur.
prov.
on
income
State
649,050
.
taxes
..
L ;
-
before
Prof,
j
of
sale
on
is payable
1582. *
declared,
Arizona Edison Co., Inc.—Earnings—
t7,088,779
5,175,590
12,518,477
1,678,587
and on Dec, 31, next, a special dividend of $1 per share
164, pp. 1863 and
V.
$3;656,194 i $2,819,828 $13,840,817 $11,623,233
102,585
116,537 >" 323,295
,356.489
,,..L
111 ....— *. 114,050
V2.599
opers.__
income
Interest
056936
1,056,936
$1,570,277 *4,345,789 *4'8J3,615
;■•'■, 122,673
. 460,231
,392,247 ..
48,421
159,170'
148,782
$2,414,926
154,058
income
Total
1946—9 Mos.—1945
1946—3 Mos.—1945
$2,151,086 $1,058,400
263,840
oil,876
Sent 30
Pprlod Fnd
Prof.
from
Income
1
amortiz
&
Deprec.
M
the three preceding quarters.
cents per share was made on
amounts were paid in each of
a special distribution of 20
<
last,
1,
previously
*1946—3 Mos.—1945
*1946—9 Mos.—1945
$30,311,804 $27,459,7i6 $98,064,995 $87,618,030
oper8._l_.__;.
5,334,781
5,338,305 .19,016,407 18,712.012
sales
common
addition,
Oct.
Sept. 30—
Period End.
Net
the
on
Like
20,
Corp.—Earnings—
^ American Viscose
;
20-Cent Dividend
quarterly dividend nf 20 cents per share has been de¬
stock, payable Dec. 2 to hplders of record Nov
regular
clared
In
other
adjustments of tax accruals and
adjustments have been allocated over the entire calendar year to
such adjustments were applicable.—V. 164, p. 2005.
purposes,
comparative
For
The
below.—V. 162, p. 2634.
Electric & Gas Co.,
Bee Central
Archer-Daniels-Midland Co
Service Corp.—Proposed Merger—
American Utilities
1945 and 1944. Federal income and excess profits
taxes for the 12 months ended Sept. 30,'1948 ($3,169,274) are $253,039
less than the aggregate which would be payable if separate tax returns
■were required to be filed by the company and each subsidiary. ,
returns for the years
Monday, November 18, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
2538
able
si$ee the reorganization
of such parents.
-
'Number 4543
^Volume 164
:.';f-
:
the commercial & financial qhrqnicjle
found
STATEMENT OF INCOME (ASSOCIATED .ELEC. CO. ALONE)
y
•';'•'. • 1946
1945 /
be
^-12 'Months Ended Sept. 30—
Total
income
Total
.
expenses
'•
$3*258,914
■
income'
>Gross
i
taxes_,J-_I^^___„-^__-w';li' ;>130i235
Net
2,873,897
2*873,896
Federal income
■
taxes.
".Attributable
$26i,383
.«-!
income
Balance of
■
the -deduction in-consolidated
to
,
>
/'/vf /////•
p. 2402.
household .appliances.
mills
for
85%
or
1
Fe's vFresident,
Santa
is
Authority
v
V.,combination
announced
sought
and
to
on
to • operate
operate
nonrstop
expanded
tax
shares
of
$27,103),
class
of
$9,897; reserve for
preferred ■ stock (issued
"A"
no
value,
par
/-/ The registration
including
-1/945
1946
461,119
9 Months Ended
56,553
L'.
needed :-wilI
as
1946
1945
1944
$5,781,408
$5,834,369
4,116,473
4.325,528
4,161,709
$912,274
$1,455,880
$1,672,66ft
48,386
47,126
60,03?
$960,660
$1,503,006
$1,732,69?
$1,220,830
$2,057,808
J 33,734
and
expenses
Interest
33.844
30,354
'
income,
oper.
etc.
30,102
•
$1,284,918
Total
■675,000
1,400,000
'-$609,918
300,000
$721,753
300,000
$2,03
Prov.
$2,121,753
600,000
.$2.41
Pxov. for Bed. $axes pn inc.
;Net .profit
Capital shares
^$927,183 V
■
outstanding
300,000
..Earnings per share—
—_..r-$3.09
be
income
for
Fed.
refund)
■
L'
inc.
taxes
(post-war
—2
;■:-:
309,488
:
"Includes
,
.
r
Balance-sheet, sept. 30,
ASSETS—Cash
Operaung
1946
(/Oper.,
in
Heady—
•
May 1, 1947, and:
bonds, and coupons Nos. 51
annugUy Nov. 4, 1947, and subsequently fin
ithe case of the "plain" bonds, will be attached.to the A'/o
100-year
adjustment bonds, due 1995, "plain" and '.'stamped," and the bonds
The new coupon,jsheets.Jjearing..coupons..maturing
inclusive,
-will ;be
toonds
to
indicate
office
the
such
the
of
Miscellaneous
'
:3tf. Y.—V. 164, p.-2282.
'
Federal
income
On Nov. 13, the director.1; declared a dividend . of >$3 ;per- share on the
stock, par $1, and the regular semirannu.a.1 dividend of $2.50
gper share on the 5% non-cumuiative preferred stock, par $100, -both
•on Dec. 12
1946, out of net profits of this year, to holders ,<?f record
WOV. 30.
'
■■■;.
:
^
2,342,200
1,963,400
1,674,600
;
1,245,000
Cr656,282
483,145
463,207
,639,305
1,439,620
900,000
1.751,630
1,185,550
,
distribution of $3 per sharers-.also
Dec. 12, last year,
~
'
5.024,756
6,736,123
6,703,158
Crl32,064
Cr78,511
82,914
on
'
,
Feb.
•
income and
V
:
*,"r'
.-■Other
'
■
103,626
/
■
.$676,730
28,011
30,600
$1,037*451
•'
Net
expense—
oper.
profit
Fed.
lit fore
;
:
.Other profit (net),
'
''A %'X
be-
such bonds
i
;
f
.:
j.
'
(73,527
%
*
,
}*;
$963,924
to
The
First-National
$1,924,512
of
Philadelphia,* trustee,
15th
Lockport
/ /were
that
~
$2,970,684
;27Q,824
$39,497
1
"$241,979
surplus.—
^Including deprecia$ion.
tDeficit
Refining
$354,239
$2,631,187
$2,503,246
499,000
profits tax
'Combined
Buffalo
1
of
$3,427,793
986,400
./
>$734,256
Vt657,600
r
$1,086,314
:
as-required
=
p. ,951.
$1,378,362
i$2.32'
.
.148,803
Period End. Sept.
other -war
and
20^-
1946-^-9 Mos.—1945
1,381,188
$1,928,647
Name—
Nov. .1,
The ,Brown Fence Ac .Wire Company .has been. changed.
On
transactions in the common and preferred.,, stocks of the .c.om-
Gross
ACCOUNT: FOR /YEARS
'.1946
.
»
r
profit
,__™
Sell.,.gen.and adm. exps.
,
'
/ BoiiidL
Income
Period End. Oct.
r-
i
31—t
,$8,013,589
(Bales
—v. ; 164, p. 1864.
f: /1946—10 Mos—1945
,$5,531,271,457,196,882 $37,926,199
1946—Month—1945
r
-
■
1
taxes
■;
Borg-3Warner Corp.—Acquires Steel :MiIl*— :"
1
"
*
'
This
corporattion on Nov.
7 announced
—
-Net .income„__——,
.pivs. decl.
v
v
^physical assets of the Superior Sheet Steel Qo. of ■; Canton, ; Ohio, a
wholly-owned subsidiary of Continental Steel.Corp., to provide an
additional source of sheet steel to increase .production in the current
Housing emergency. Transfer of ownership will be effective Dec., 2.
The Superior Mill after the .transfer will .continue under its present
-management personnel as a division of-porg-Warner Corp.
Commenting on the purchase, C. S. Davis, President, said, "Uunder
'"the unprecedented requirements of the National Housing Program we
*.625,745
,
'
$351,172
$428,783
$8,532
41,019
Hr8,235
•
-
133,800
143,000
32,000
'$49,551
'$342,937v
$466,585
Gr3,172
/
.
.25,000
"'16,200
•.
$326,993
4,122
$315,33?
$322,871
233,217
$311,629
207,462
.8,243
4,050
.,
$328,744
.
223,688
& '
$54452
-v8*728
v
8,142
/
:
$68,664
$59,456
*
9,917
■
5,431
17,82(1
$78,104
J,'
'
.
}'
,
'
i
' f-
*
;
12,733
/
~'X
Y
1
'n
1946—9 Mos—1945
1
?5,919,193 126481,444 214,646,964 236,680,30®
-
"
9,160,447
*1,011,414
2,710,840
■//:- -://;. / .■' /
■
'
.
,194$ V/:
$9,376,000 $10,038,00®
_
,1946
Nov. 7—
164,-p. 2283.
24,643,31®
1946
1945
$6,307,000
$6,091,000
"
•,
-
Co., Inc.—rCalls: $2 Convertible Stock—
Carman
.
the .outstanding shares of class A cumulative convertible
preferred .stock, no par value, have been called for redemption on
Dec.
1, 1946, at $32,50 per share .and dividends.
Payment will be
made at The Chase National Bank of the City of New York, 11 Broad
St., New York, N. Y.
/".:/;
■.
../•', //: ;/, ■'/'/.//■■//'•.■ :/' v
i/The privilegevof cpnvertiug each share of this, stock into one share
of class B, stock will expire at the close of business on Nov. 30, 1946.
—V. 163, p. 775.
.\/;'v'.y
,
'/'/y'///;'/-/','./.'.,
Cr8,758 /:
All ,of
Cassco Corp.—Bond
Cr49,000
Central
See
Atlantic
Interest Unclaimed—
States
-
and
$1.03,784
$258,785 •:/, $201,695
/
$29,966
paid on
A preferred
/■■ Common dividendsEarnings .per share on
279,764 shs. common.
196,728
29,509
/
/. vV 'i
'
/Nil
$0.22
""After deducting'postwar refund of $1,800.;
BALANCE SHEET,
ASSETS—Cash,
/■
196,728
JUNE 30,
"
■
V
,
^.0>
.
■
.
-
196,728
-.27,976
/",.
$0.01
■/•/
-Nil
' /
1946
:
Service
Corp. .below.—V.
162,
p.
1884.
-
-
City of New York, as trustee,
11 Broad St., New York, N. -Y., on Nov. 6 announced that certain
moneys deposited; with it to pay interest on the first mortgage 61V
sinking fund.gold bonds have remained unclaimed by the holders .of
..the. coupons for more than six years, and that after Nov. .20, 1946,
they -will be returned to Cassco Corp., the successor
corporation.
The
Chase
National
Bank
of
the
-
f/i/'-
$388,477; trade accounts receivable (after reserve
$19,477), $185,366; termination claims, $21,507; inventories, ^$3,129,643; cjajms for refund of Federal excess profits-taxes, $52,364; mutual
.insurance deposits, $9,047; sundry deposits, - advances, etc/j $6,888;
—V.
■
139,
p.
2Q40.
■
r
Central .Electric & Gas Co.—Proposed
of
•
.Central Atlantic States Service Corp.—Interest—
k Special
-stockholders' meetings
Utilities Service .Cofp. ;have been
:
Merger—
of this company and of American
called for Dec. 4, to act upon pro-
Commercial and Financial Chronicle (Beg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, -New York 8. N. Y.,*BEctor "2-9570. : Herbert D. Seibert, Editor and Publisher;
Seibert, President; .William/P. vRiggs,eBusiness Manager. ( Published .twice-a.week [every Thursday (general-news and;advertising issue) with .a statistical issue on Monday]. Other
135 *S. Xia Balle St.,-(Chlcagp ;3, HI* (Telephone: St^ate 0613): 1 Drapera' Gardens, London, E. <3., 5England,> e/o Edvmrds & Smith. Copyright 1946 by William B. Dana Company. Reentered
Las eecQnd-class-matter Pehruary 25/494?,post office at New-tYork.sN.
the Act of March 3,
Subscriptions in United-Btates, U. S. -Possessions, Territories -and "Members -of
Pan-American Union, $26.00 per year; in Dominion <of Canada, $29.00 per year. • Other-,Coimtales, $3390 per year.
NOTE: On account of the fluctuations in the rates of exchange, remittance®
for foreign subscriptions and advertisements must be made in New York funds.
-The
^William Dana
1
officesi
.
'
•
1946—Month—1945
.'expenses™:.-'- -26,930,607 y23,470,604 205,486,517 212,036,992
Week Ended
—V.
/
v
22,495
Traffic-.Earnings.—
//'
7,704
*
•28,250
,48,,050
.3,709
"
.
that it has purchased the
•$634,277
/ .670,754
■
:>•-// 64,800 //
years-taxes
Refundable Fed. income
//"-••
/
profits tax
for pr.
class
*
' 3402,688
/•/;..37$00
$83,612
,
taxes-™--.-.-,-- , '
Fed.-exc.
Stores 'Inc.—October Sales'Increased 44.9.%—.
*
.5/392224
$1,021,927
•
income
Total
Adj.
-r
'
j,$5A18';
Income from oper.__;»
income (net)—_ /...:. .78,194
X
'
;,
Other
1946—10 Mos.—1945
" :
$1,295,695
1,486,681 i'/
866,909
1943*
43,736$66
$1,492,099
Gross
-
$332,793
,,6,528
10;Days Ended Oct. 31—
Traffic -earqin.gs
»/ " ; ' /
JUNE ;30
1944
46,414,151
.Cost pf Aales—; - a,774,992 ..,4,9.70402
$2,322,274 $30,49l;36l $22,734,252
'•
; $5,267,092 .$6266,496
Net
NOTE—These figures are exclusive of sales under Government con¬
*
,1945
"
(A. S.) Beck Shoe ^orp.—October Sales Up 56.8%—
tracts.—'VVT64, 'P. 1864.
-
'-ENDED'
76,22®
1715.
i?arnings_
*Loss.
.
INCOME
,;//■/.
t'fr 1943
..'1944
73,168
251,982
:Net/egrnings-™/™™
,
recorded -for .tbe .first time under the;new name ,ph .the
/New York Curb Exchange.*
' " *
"
'
.
^
;
Ltd.—Earnings-r->77,278
Canadian .Pacific Ry.—Earnings*^
"Working
of
viiame
■:•
.
$330,712
4
:Period End. Sept. 30—
York Curb'Exchange was notified today that the corporate
'
"
costs:
p.
'
,
of
"
>
1945
i
,3,203
V >
^Oper. profit for period
Capital expenditures-/-
~
p.;5§2,;
New
N. -Y., ,is ■.prepared
"
",$333,915
Torpnto-ioffice
Expense,
Oct. »15 voted ,to .change tbe corporate - name of
,,tl)iSjCpmpany«toaJira..Browns Stores, .Jnc.
'
v*
The
■*
series,-due 1976, )n ,exThe exchange may also
'
•
81,415
;
^
declared a yearrepd dividend of <50. cents
$3,641,031
are
the International Trust Co.
trustee,
1946
milled
ore
Operating
/The .stockholders, pn
tper
«ales
consolidated
so
New York,
Canadian Malartic Gold Mines,
;:.^v. 41.34
^Brown .Fence & Wire >C®*-~-Changes
the
of
p. 2012.
/: Provision jor- •|axes"-*..LL//
_
*
at .the (Office
..Profit
>1,381,188
$4.12
Barber .Asphalt -Corp.—/Declares 50-Cent Dividend*—
1946—Month—1945
been
.
,
16 Wall St.,
Quarters End. Sept. 30—
/ .pany .were
^Period End. Oct. 31—
have
.164, p. il589.
Metal product, (gross).Marketing cjaafges
..
"
r$0.33
■
'
made
■
;v->a»;-2402.
\
Falls Power
Junction Ry, Co.,
Niagara
BI®cMciPow;er <Co.—fDefjnitive Bonds Ready
/
•'
$531,081
•
i
statements
of
subsidiaries.
change for the outstanding temporary bonds.
-
.1946—3 Mos.—1945
share
per
r^V. 464,
"The .proposed offering was to have been made to holders of common
shares at,-a ratio of one new share for each nine shares of- epmmon
."held.
Unsubscribed shares were to be purchased by an underwriting
•group headed .by Smith, Barney & Co. for public offering.—V. 164,
-•
The
Niagara
minor
of
those
constitute the
and subsidiaries.
company
are:
Ltd.,
Co.,
companies
with
to
company
'
contract
1,381,188
.
29
the
subsidiaries
The Bankers Tvust Co.,
.
Tons
*
,
41.24
-Earned
.
Oct.
of
income
Power
whose
companies
the
and»two-other
Co.
/ Denver, Colo.*—V.-164,
tocover
in the .above summary
.
'
*
45,902,483
"
on
indirect
Niagara
constituent
consolidated
of
,
to deliver definitive first mortgage bonds, 3%
//
/Net. .profit" ^after, all
charges.fand taxes™/k$i,787,716
"jNOi .of >ppmm°n .shares.,
,1,381,188
jpri'ce jyere to be filed by cW^hd^
8hare ,onr the capital stock, payable Dec. 2 to;holders pf record
'Nov. 18. Payments previously made this year-were as follows; Together
-With the four quarterly distributions already-made this year, dividends
gjahl in 1946 v.wili ,-amount to $1,50 per share.. No Year-end payment
wvas:made.last .year.—V. 164, p. 1863.
and
>
i»,
/
159,121
.
-
(Including ,Dcmie6tiP tand:: Q»hadian' Subsidiaries)
•
The-directors
direct
Canadian
of
the
been
of
have
$3.26
-
Bristol-Myers Co.—-Earnings—
-
•
Corp.
•
statements
owned .subsidiaries.—V.
>
4.19,418
-
renegotiation
>
$967,593
/'X/~"■• V :
:
-
New -Stock Pe-
/ v The" company • is understood ;to .have temporarily shelved <a spros-^
jpeotive offering of $29,600,000 of new cumulative preference stock.
'The offering, It is understood, has not.been,abandoned:pr postponed
indefinitely i but twill await more favorable market conditions.
I {The company filed a registration statement ,with the Securities apd
JExohange /Commission on Oct. 29 covering .296,000 shares, of-new ,pre-
,
.statements
Electric
-
-
1,802;600 ;/
;138,484
;•/•/■.:.j)$2.47:"
per
NOTE—Provision ^.has ^ been - - made
,
•;
.1,476,000
$5,882,522
identical, with, those heretofore included in the consolidated financial
/ statements of "Buffalo,-Niagara & Eastern Power Corp. and its wholly
,
.1,410,000
(net)—
refunds (estimated
.(
/Terence stpek. The dividend }a,te,and
financial
Niagara
copsQlidatedl
>
/
1
$1,202,068
com.,share__
$2.02
Deprec. .A (amortization
,,(inCl. pbove) ^'
"84,220
"Depreciation only. / v\
■.
' '
Earns,
-V. ,164,; p. (1199.
Co.—Offering
7.48,oqo
*$7,746,589
consolidated .under the laws of New York State in such manner
has been no break in the continuity of the corporate existBuffalo Niagara Electric Corporation.
The
..$2,643,256
F$<3UA5 .Wjs. inc; ; tax_-..
64,588
38.663
1,107,000
/ all direct and indirect subsidiaries
'
1946—12 Mos.—1945
■858,400
.
t
812,150
.
880ioqo
$6,101,823 :-$4,473,200
surpl,
$7,358,522
Nov. :1, 1945, Buffalo Niagara Electric Corp., Niagara,
Ontario Power Co., The Lockport and Newfane Power
and
Hydraulic "Race
'3;- hNet .profit/ before in"
copie taxes—iu.
ia ,$2,060,468
$1,963,052
.18,193
4,026,880
$8,494,589
,61,195
38,540
|$663,727
2,793,429 /.j 5,588,359
$5,580,200
there
Such
69.Q16
.
Net i profit
2,006,760
,132,354
ente.of
164, p; 2403."
,
.adjustments.—V. 164,
:
Balance.earned
-
,
.
j 266,228
;
$6,461,823
r" 'NOTE—On
during
?53,255
;
17,596
.
Atlantic
Bank
49,986,
.Charges)
^
99,443
Z$260.172
taxes, -etc—
7JProv. for income taxes.
JProv. for,,contingencies
:t
each,quarter
in
'
,
.$2,023,955
215,020
t
iSalapce,
and
year,
^
.
.
$3,366,599
,£,' 'iXf
profit before in-
.-wCpme
this
22,
.
i
109,471
,
$8,373,629 $14,082,948 $11,385,402
;:y2,642,770
...
income
on
•be
-:j( nonrrecurring)
j Gross
"
made
were
V
$9,104,5.93
deductions
621,131
$8,264,158 $13,816,720 $11,253,048
163,873
X
Reservation of ,iretjnc-
quarterly dividend
each
,$2,434,230
•
;
Aug.
the
-
cents
15
BriggS; & vSti/atton (Corp.-^Earnings—
Exc.
adisposi- XXCX'. J.X i
from
,
of
Period End. Sept. 30—
1946^-9 Mos/—1945
..Net, profit. fvom-.Qper,-^ -$2,010^482 .,$2,590,001
.Other inc. (less .miscel.
'
■
198,939
rep'
profit
•
and
action on
t
Distributions
?:/ ,Co.,
principally
resenting
«iiop Mi capital assets
r
•
$646,130
$45,152
taxes—._
24
time.
•
194,162
278,208
73,722
$73,163
income
Gross
Interest
May
Npv. 4 took ,no
on
this
1, 1955, ..which .were recently called for redemption on Dec. 1,
at 102 and interest, may obtain immediate payment of the full
redemption price.and accrued interest to Dec. 1, ,1946,-by .surrendering
$759,243 5-$li825,0l6
$603,008
.
25,
$8,940,720
...
income
Income
next,
^
r
•93,797
about
". Add Walnut-Sts.,.Philadelphia,»Pa.*—»V.
231,976
65,092
t $20,634
income
total, $7,095,185.
due Dec.
•
income-—
«■Operating
'
.
excess
™™—*™
-
income
Gross
Holder's
s
profits)
Other
Bx/id^eport Mouldefl ^Products, Inc.-^Hedeem$ Bonds—
pf .the Hrst,;^pr^age jinking'(fprid
' aeries •<?,'
A
-
-on
earned surplus, $4,593,924;
Cr44,958
Operating income J.
deferred
:
1,521,400
//:■■//
re-
appropriation-.
serve
credit, -$106,453; estimated
-income (less U. S. tax notes, at cost of
for contingencies, $50,000; capital stock
on
5,080,271
2,791,722
//and Water Supply Co. and Buffalo, Niagara and Eastern-Power Corp.
'
*
—
taxes
-
)1945.~*V.'362", -p. 875.,
"Period End. Sept.30L;1940—3!Mos.~-1945 '
1946—9 Mos—1'945
.--.■Operating <revenue--.u i .C$3,759,605 *$2,376,297 $8,104,579 -.<$6^571,462
Operating expenses
3,676,614/
1,708,197 ' 7,113,360
4,552,285
"Taxes (other than taxes
directors
usually
CONSOLIDATED INCOME ACCOUNT
*
Li.
charge
/Emergency.,diversion
""
.
•
wat.
Other
nominal
made on the common,-stock
A
*
(at
N. ,Y. .State
.Braniff -Airways,-Inc.—Orpits .Dividend—
The
.
.
patents
1946—12 Mos—1945
taxes—
,
Net
\
■common
-2007.
p.
and
reserve
$1,500*000;
($5 par value),
-*V. -164;
taxes
taxes
$600,000), .$178,126;
•
Atlantic Gulf & West Indies - Steamship Lines—^Pivs.-r-
accrued
-Federal
reserve ifor
upon .presentation of
120 .Broadway, New York: 5,
attachment,
company,
$1,741,840;
(& Subs.) -Earnings-
1946—9 Mos—1945
;
Fed. exc. profits taxes.
^Canadian income taxes.
LIABlHTIES-^Aecounts payable ftrade), '$$97,938; accrued /payrolls,
$201,883; employees' war bond purchases and withholdings tax, $66,860;
payable
stamped
at
depreciation of $2,009,574),
amount), $1; deferred charges, $184,740; total, $7,095,185.
subsequently in the case of the "stamped"
i\i*o 90,
for
reserve
1327.' /:
p.
$38,452,515 .$38,227,022 $51,252,759 $51,712,920
maint. .& deprec. 20,211,517 20,4.98,565 27,369,174
27,553.997
,
New Coupon Sheets
-
•$0.6®
163,
revenues
.
-
$749.32?
$0.64
Buffalo Niagara Electric • Corp.
1
,
■*983,370
$702,190
$0.59
profits taxes—V.
excess
Period End. Sept. 30—
bahks and on hand, $1,318,864; accounts reAeronautics Act."
The proposed routes are (1) "from' Chicago' to :Los Angeles and > \i .ceivable, -customers, $1,471,008; inventories, .$2,208,781; cash surrender
value of life insurance, $19,637;
SfLix ^Francisco; (2) from Kansas City/to Galveston; jwd .(3) -from
investment In Ahlberg Bearing Co.,
common
stock, at cost, $117,196; claim for refund of renegotiation
wAm.arillo to Galveston.
payments, $33,118;
laiid, buildings, machinery and equipment (after
:-f
*800,816
$651,172
/
Per sh.-on
-1,094,456 -shs. outstand—
tProvision Tor amortization of emergency facilities has been computed
on
the new shortened period ending Sept.
30, 1945.
<$After provision
for .renegotiation of-war" contracts.'
*
,
- -
Civil
j
filed with the SEC Sept. 13.
stock (par $1) has been „with■i-'" •
6734),
$5,028,747
Oper.
$1,527,183
or
.
.
treasury),
rev.
Transportation and,other
.22,355
V, V
in
required.
>*: V.t'We are confident that .our proposed air operations-can be con-/
ducted on .a profitable basis, with-reasonable rates to be established
rtoy the Civil Aeronautics Board,/solely on the -basis of compensation
i;.cfor -service rendered," Mr.,-JGurley -declared, "and for this reason,
-we are
waiving any subsidy in connection with the transportation -oi
jnail To twhich >we -might. be entitled -under ,-the provisions of the
Additional .aircraft
in
other charges^
145,783
275,013
35,174
income.
(No.
common
Sept. 30—
146,702
268,976
181,081
.$1,469,654
on
purchases
j,
„and miscellanecus
Interest
along the-routes .as traffic requirements indicate.
Fres«*«ntly <6anta Fe Skyway is .engaged in carriage-of freight by air as a
eveontract carrier.
It .owns four Douglas DCr4 .and -three 'Douglas DC-3
..aircraft.
Inventory contingencies,
outstanding, 99,064
and
shares
700
.Buckeye Pipe Line Co. (& Subs.)—Earnings—
465,815
——
___
Discount
1944
418,395
statement
■Covering 180,185 shares of
.drawn—V. .164, ;p. 1589.
•
-two or more such .routes
service between any-two
series
$50,000;
require-
points
-snore
*
current
our
■■$2,111,854 $$2,054,902 $$3,000,973
8.
Nov.
over
of
more*
•
___
affiliate, Santa Fe Skyway, are
filing applications with the Civil Aeronautics Board in Washington,
D. C., for permanent certificates of public convenience and necessity
to
operate
civil
aircraft service in
scheduled
operations' for the
X transportation of property and United States mail over .routes within
the general area of the company's line of railroad, -Fred G. Gurley,
-
LIABILITIES—Notes payable (to banks), $1,300,000; accounts pay¬
able, $916,278; accrued Slate and local taxes, $26,469; accrued interest,
$898; estimated Federal taxes on income (less U. S. Treasury notes-
of
S Months Ended-Sept. 30— ; '' C :
:
Gross profit on sales
1
X
Selling, gen. and admin, expenses—
•Interest paid ;
Depreciation
t Amortization
1
its wholly-owned
and
property, plant, and equipment (after reserves of $1,092,574), $657,089;
deferred charges, $188,475; total,
$4,638,856.
'■■■
Bower Roller .Bearing Co,—Earnings—
Sought for Affiliate—
company
to
unit-for homes,
kitchen ranges, and
."'V/
• . v;/
V
-J/.'-
sheets
utility
■
Atchison, Jopeka <fc Santa Fe Ry.—Air Mail Certificate
This
for steel
.source
Ingersoll
space ■heatex-s,
the Superior Mill is expected to increase our
supply of steel sheets. However, we : have no intention of extending
into the sheet steel industry and shall continue to rely upon the .large
^ N;
,v
/
,
the
.
interest
fand amortisation .charges of the direct and indirect parent . companies
(reorganized in January, .1946) which deductions are no longer availvable .since the reorganization of .such
parents.
/Deficit.—V. 194,
/
additional
an
of
furnaces,
.
t$60;278
,
for
returns
provide
house
$900,640;
>:/,.■
■
■■'. ..„
common
stock
(par value
$1), $279,764; capital surplus,
$696,649;
>/!:; The Superior plant has mechanized mills producing black sheets
/. earned surplus, >$374,933; less ciass "A" preferred stock in treasury—
;Ahd cold finished sheets. • It. also :<rods terne -plate, electrical silicon
700 shares—at cost, Dr,$6,673; total, $4,638,856—V. 162, p. 2141.
sheets, galyanized and .galvannealed.sheets,;
:/ ,.* •
•.
/..-v..f"/
The Cantop, Ohio, plant has a capacity for 90,000 net
tops ;of hot
Brunner Manufacturing Co.—Registration Statement
rolled sheets, 73,000 .net tons of,galvanized sheets and 35,000 net tons
of -long terne .sheets a -year.—rV, 164, -p. 1078.
///Withdrawn—?■>///,
•••
6,600
"
'
to
manufacture
Norge
"The Acquisition
ment.s."
*
v
the
the
established
.t$6Q,278
$254,783
income
Reduction in
K.
$3,128,679 /$2,813,619
™a
ft Total (deductions from income..-*-,.
*
165,801
1
in
of
other
-
and
it necessary
used
and
$2,979,420
-
2539
••&•!!&H0«S•*(;># Aft W>
*
into the :fonner> -which
posals for "merging the latter company
of American Utilities stock.
The
of
by
held
of
of two-thirds
164, p. 1199.
both companies.—V.
holders of
Central Illinois Light Co.—Earnings—
Period End.
.Gross
revenue
—
Operating expenses——
depreciation
Amortization
of
plant
for
Prov.
for
A
-—-
pJem" and efpense!!''
income
Net
stk.__
764
26,309
/
$110,447
$2,142,430
501,607
$937,320
includes
special charges in the 12 months ended Sept. 30, 1946 and 1945 of
$70 400 and $23,500, respectively, equivalent to portion, applicable to
such periods, of net reduction in Federal income and excess profits
taxes by reason of deduction of costs incurred in retirement of bonds.
The special charges and the reductions of taxes are both non-recurring
items
The reclassification of the special charges is in accordance
with accounting requirements of the regulatory commissions.—V. 164,
p. 1865.
' '
.
ASSETS—Cash,
•
12,709
36,440
$5,339,697
' 1,649,110
'
v
—
,
$578,520
$3,690,587
$2,459,513;
»
r
i
t
"
1
r
.
"
1
f
\
* * -;
1'
1
inc. &
•includes Fed.
t
{
164, p. 2404.
sale
Provision
Net
*
Net
income
$7,122,901
$4,646,625
$5,012,719
$4,228,900 > $2,280,616
—
■
a
"'i
■
The
Nov. 7 declared a dividend of $1.25 per share on
less 714 cents per share withheld for Cuban 5.8%
dividend tax, or a net amount of $1.17% per share, payable Nov. 29
to holders of record Nov. 18. A similar distribution was made on July
on
stock,
and
last,
ment of $1
on
per
Nov. 15,
share was
9 Months
Ended Sept. 30—
after
Federal
charges
taxes
/
t
4®
.*>.
190.000
.
profit
——
dividends
Common dividends
—
$3,687,811
1,136,667
2,703)462
1944
—
—-—
$307,068 J
'
'
-----
637,100
17,500
.
•
$536,449
17,500
_
308,484
-
——
;(to
sale
be
issued
these
of
dfnd
Securities
plan
filed
report
District
of
fair
of
$675,865
:
17,500
.
:140,000
140)000
the
under
to
cost
Common shared outstanding
19M00
share
$1.54
Earnings
per
common
with
New
123
in
the
the
common
and
the
SEC
said
"However,"
it
should
the
CONDENSED
•
the
$40,329; total, $6,374,180.
it
situation.
not
was
to
turn
previously
available
was
have
just
to
seems
recently been
part of the
be
a
is
unpredictable.
of
all
concerned
is
difficult
a
matter
at
.
.<•
.
'
1941
.
'.
1939'
1940
600,204,314 665,525,554 514,698,398 441,895,379
390,648
319,520
772,783
449,961
—
600,594,962 665,845,074 515,471,173 442,345,341
562,467,320 576,026,419 431,755,221 368,875,282
—
of
adm,,
en¬
sell.,
*
"
serv-
37,186,778
)
ex-
-
14,400.000
7,200,000
29,460,84?
30,706,094
31,403,118
,
* *
re-
'
'»
'
carry-'/-'/
unused
*'■
v;/y; ->:
•-
v"."-
-
profits
excess
://: '.
9,800,000
.
" '•
•/'«. ;"V-
•
.
credit
/
^
'
-
'
'
•
back of oper. loss and y-r'
'•'
34,866,940
23,000,000
ex-
from
38,609,858
"j
-
*346,137
period,-..-.
recovery
of prior
suiting
•/•
-
1,287,000
for
profits taxes
-
37,357,807
-
•
.
/•'
r
tPortion
plan)
of
.
••
reconversion exps.
.
that
for
States
this
District
accorded
the
was
the
SEC
the
.V
Court
the
•Loss,
a
report
taken
was
'
r.T^e., trustee'?
stockholders
under
.
for
of
cost
to
sales
common
100 000
effect
at
a
an
„■
and
15,539,997
19,909,974
13,980,622
13,927,007
the
Sept. 30,'46 Dec. 31,*4$
the
102,478.997 136,401,821
32,260,000
,/
9,889,524
37,840,000
;• ?<! *'
2,159,589
259,172
notes_
525,46S
.
'
Drafts against car shipments..*—8,198,411
Accounts receivable (less reserves)
23,606,675
.
Accts.
receiv.
from
wholly-owned
foreign
subs.
84,744,898
69,186
72,470,389
6,771
Real
estate
not
reserves)-/.-—
used
in
operations——
reserves)
(less
is
——.——•
2,358,684
2,294,607
Sundry investments and miscellaneous accounts
...
w—
101,796,692
Investment irt. wholly owned foreign subsidiaries s
(Canada, England and Belgium)—at- cost
2,358,634
2,294,960
a
"254,954
—
advances and current accounts—offi¬
employees
—
—,
Investments in partially owned domestic subs._
234,679
Expense
other
and
stock to
Owned United States Subsidiaries)
—
years' Federal - taxes recoverable under
carryback provisions of the Internal Rev. Code
tJ. S*. savings bonds for sale to employees and
cash on deposit for put chase thereof
«...
and
cers
pre¬
plant
Property,
$2,000,000 banklloan,
and
189,395
1,305,140
85,308,541
•
-
Prepaid Insurance, taxes,
.
(net)
equipment
-■/Goodwill
rent, etc.r——
V
245,838
801,000
71,619,652
1 '
r" 1;
.
.2,585,139
2,462,338
of
Conger on Nov.
hearing
The
was
v.-
.
be
13
LIABILITIES—
ad¬
to
are
the
418,581
974,174
subsidiaries—
with
Accounts
Federal taxes'on income
General
be
distributed
at
the
rate
of
10
stock.
-1-'
"
1
-
and
surplus
Earned surplus
1,193,942
1,290,007
37,294,903
1.4,769,162
5,166,356
:
26,615.827
4,993,868
and / general
reestablishment
of
auto-
business—————
—
Capital
—:
——i-—-—
'
18,854,556
19,695,989 /
21,755,660
25,958,105
25,958,105
203,098,625 202,596,027
21,755,660
Total'..——372,792,708 414,228,503
—V. 164, p. 1866,
C. L T. Financial Corp.—Official Promoted—
Fred
For
now
W.
Hauts[u has been
Vice-President
elected
and
Treasurer.
past nine years he has served as assistant) to John I. Snyder,
whom he succeeds.
>
■
/
Hautau has been identified with corporate finance for many
the
retired,
Mr.
having been associated with the
brokerage firm of A. G. Becker
years,
a
previously
•
rehabilitation
-Capital stock (par $5)
carry-back
paper
investment
Co. for
&
and commercial
18 years before
joining the C. I. T. organization nine years ago.—V. 164, p. 2405.
provided.
non-operatng
plant
reconversion
mobile
'
in his remarks to
these
for
(est,)__
v—.
,;'ir
reserve-i——I—,
operating
•
preferred stock and seven shares for
common
-
Accrued
>
72,834,173 $
81,024,288
779,197
Accounts payable and payrolls—
Reserve
business
credits
to
.
United States
certificates
The net profit after
is $10,292,645, which is
'//;-/;: / //.. / /
t
of indebtedness
and
City Stores Co.—Unit Expands—
Treasury notes
Maison
but
unbalance
aa
brought
about by
the
leading
New
Orleans,
La.,
store,
department
ha®
by Albert M. Greenfield & Co., real estate brokers. A long term lease
has been arranged for a two-story building which will contain 30,008
square 'feet.
r
-*'-/•.-» .//
,
costs,
Blanche,
completed negotiations for a large, modern branch department store
in the Gentilly section of New Orleans. The transaction was negotiated
negligible percentage.
The net Inventory of $101,796,692 is
time high in the corporation's history.
It reflects not only
material
—...
interest, insurance and taxes—
—
Advances on contracts for war materials.—,.-
/
Issued.
shares
present
372,792,708 414,228,503
Total
all
higher
•.
v
1
Prior
of tnfe proposed hew'common shares and
stockholders receive 23.33% of the new com¬
Keller, President,
automobile
-only
$i.y^
:
1
U. S. ctfs. of indebtedness and Treasury
Sept. 30 amounted to $134,738,998. There were accounts receivable
totaling $31,811,858 of which the remnants of war business constitute
$138,654
,
/ /
All Wholly
(And
provisions of the current Federal tax
.credit to income of $838,782 from reserves
for plant rehabilitation and general reconversion and reestablishment
Cash,
\
ASSETS—
Cash
provides that the present preferred
share of present
each
shares
statute of $9,800,000 and
giving
r
31,403,113
CONSOLIDATED BALANCE SHEET
76.67%
receive
under
/'taxes
;
the amts. of—
exps. in
>'-.Chrysler Corp.—Financial Report Sept. 30, 1946—
T.
~
consolidated in 1940 and 1939,
advisory
Southern
J <
Under
the amended plan, the trustee proposes
to pay debenture
holders on the basis that their claim as of Aug. 26, 1943, amounted
to principal, plus interest of 6%
accrued from April 1, 1943 to that
'-date, and that this aggregate claim bears Interest thereafter at 6%.
V. 164,
p. 2151.
,
'
20
30,706,094
tEqual to reconversion costs ($5,083,529) /included in cost®
(2) Depreciation and'
amort, have been chgd.
.
disapproval of the plan rests with
-
plan
^mended
that the present common
No warrants arc to
new
advisement.
or
'
.
mon.
The
r
29,460,847
NOTES—(1) Profit and loss statements for the nine months of 1942,
They were the last three years during which
the principal activity of the corporation and its subsidiaries was the
sale of automotive products to the public.
Foreign subsidiaries were
stockholders.
in the trustee's jplan for
10,292,643
——
f
-
{
—
.
.
an
holders
of
c
-
1940 and 1939 are shown.
are
"plan in our view,
debenture
allocations
of
•>
838,782
for the nine months ended -Sept. 30, 1946, less applicable reduction- in
this loan "continues to appear unnecessary." ;.
.
Commission states, "if there is to be a bank loan,
on
the best possible terms" and suggests com¬
the
Court.
shares
In
company.
re--
stored to inc. acct.
profit
:F-
•
Federal taxes <$4,244,747), ^
/
$1,896,717. / The
subject to authorization by
' ,■-//'7\>;/ r/.
.
>
-
for/
reserve
obtained
be
$2.37 per share. -'
CONSOLIDATED BALANCE SHEET, SEPT. 30, 1946
UAW-CIO
situation
J946
profits taxes-—
cess
Approves Trustee's Plan—
journed to Dec. 2. Final approval
$158,123
100 000
which
Wholly Owned United States Subsidiaries)
years' income and
1
Philadelphia
petitive bidding.
1 . - '
,*
1
'
At a hearing before Federal Judge Edward A.
90.000
ASSETS—Cash in bank3 and on hand, $1,328,989; U. S. Government
bonds
fat cost), $193,900; accounts receivable, $2,514,556;. mortgage
receivable
$46,000; cash surrender value life insurance, $103,964;
inventories
$996,488; treasury stock, (1,300. shares at cost), $22,987;
fix'l asset.-,' $1,126,967; deferred charges applicable to future opera¬
tions,
All
are
SEC stated that
approved
the- provision
On
United
treatment
ferred
$248,123
$192,615
im-
\
,»
widespread discontent on the part of workers
with prices, and investors with the prospects
sales
of
Profit
i/
Exchange Commission has approved the trustee's
York,
Also
~
g
$147,615
.
-
adapting our own operations as rapidly and as
possible to/ whatever changes iri the overall situation may
sales-
Est,
140,000
approximately
certificates
reorganization
creditors,''
45'000
$232,068
outstandingly
•
.
cess
stockholders states:
30, this corporation sold
$600,204,314 worth of its products at an operating loss of $346,137
before an estimated recovery of prior years' income and excess profits
$315,615
for
uses
This
interest
ice, adv. and int
Est. Fed. ino, and
1,
Childs Co., N. Y.—SEC
The
Trfnno
75'000
most
toward
as
gineering,
on
surDlus
be
the
to
(And
Cost
according, to maturity.
and
of
Net
Preferred
"Ralfinre
to
customers
directed
Expenses
During the first nine months ending Sept.
123.000
$497,068
—
and
substantial percentage of the
a
with
wages
Inventories (less
Factors, Inc.) -
(Including Century
typical
new
absorbing
Interest and misc. inc.-
Secondary Offering—A secondary offering of 100,000
shares of common stock was made Nov, 13 after the
close of the New York Stock Exchange by Dillon, Read
& Co.; Hemphill, Noyes & Co., and associates at a price
of $53 a share, less a concession to NASD members of
$1.25 a share. The stock represents part of the holdings
of Allegheny Corp., which will use proceeds for the
purpose of diversifying its portfolio.—V, 164, p. 2405.
1945, while on July 14, last year, a pay¬
made.—V. 163, p. 68v ,/vf 1' / - < -- '• -1
.'
Mills, Inc.—Earnings—
Century Ribbon
could
we
profitable operation of their properties.
It is quite obvious that?
suffering to some degree from dislocations that characterize
The composition of these dislocations giving equitable
arc
Net'
stock, $3,500,000; preferred' stock, $500,000;
accrued wages, $133,192; reserve for taxes,
equipment-estimated
K.
v
Profii-
and
their request.
seems
.
building and
feels that it can
138,009"
the Interstate Commerce Commission*
hearing Nov. 22 on the proposal to
A.—$1.25 Dividend—
year..,/
COMPARATIVE CONSOLIDATED INCOME STATEMENT
payable, $378,792;
railroad
each
12,
is
inclusive.
now
directors
what
occur.
SHEET, SEPT. 30, 1946
issuance
Corp.—Hearing on Bond Ex¬
extend the
maturity date of company's 5% debentures from Jan. 1, 1947, to Jan.
1
1948. During the one-year period of extension, the debentures shall
continue to bear a 5%
rate of interest and be subject to all their
present terms and conditions and the terms and conditions of the
debenture agreement dated as of Jan. 1, 1934 under which they were
issued
except that any interest payable on the debentures on and
after Jan. 1,
1947 to the holders thereof, other than Ogden Corp.
shall be placed in escrow pending a final determination of the per¬
sons
entitled to receive such interest. Ogden proposes that, if the
maturity extension plan is approved by the Commission and by the
court, it agrees to waive interest payments on such debentures .owned
by it which become due on Jan. 1, 1947 and July 1, 1947, subject
to the condition that It retains a claim to such interest which may
be asserted if and when the total principal amount of and interest
on
all of the 5%
debentures owned by persons: other than Ogden
have been paid iivfull.—V. 159/p. 2190.
" ;
capital
is
operations in the immediate future
our
skillfully
.
1946 and mature $150,000 on each Dec.' 1,
1947 to
They will be unconditionally guaranteed as to pay¬
ment of par value and dividends by endorsement by the Chesapeake
& Ohio Ry.
Co. Certificates 'will be secured by new standard-gauge
Corp.-—Court Reserves Deci¬
Central Violeta Sugar Co., S.
below
with
this
two-story
$286,422
Dec.
1956,
tension—
The
situation
9 Mos, End. Sept. 30—
1945
$2,310,216
dividends—"
amended
a
substantially
of
best.
The solution, and the time required to achieve it, will be pro¬
foundly influenced by that approach to its problems which the country
adopts.
This is not yet clearly discernible.
Meanwhile, our attention
derived
175,549
;
certificates
dated
counsel for the Robert R. Young-Otis & Co.,
Allan P. Kirby interests made an application that bankruptcy trustee¬
ship be lifted. This application was rejected by Judge Pollard, who
required counsel for Young-Olis-Kirby group to give 10 days' prior
notice to all other parties of interest to the proceedings before making
a motion to
terminate the trusteeship.—V.-164, p. 2405.
the
funds
1946
$599,980
taxes—
dividend
to 1.85%
»
hearing
will hold
original
the
of
of
consideration
Chesapeake & Ohio. Ry.—Equipment Trusts Offered—
Federal Judge Robert N. Pollard of the Richmond, Va., District
Court, has taken under advisement the petition of the Boyce com¬
mittee for debenture holders that bankruptcy trustees be ordered to
make a $1,803,700 cash
distribution to debenture holders from re¬
sources on hand.
The court will hand down its decision about Nov. 18.
SEC
all
Halsey, Stuart & Co. Inc., Putnam & Co. and The First
Cleveland Corp. on Nov. 8.offered $1,500,000 1%% serial
equipment trust certificates at prices td yield from 1%
,
The
now
at
wages,
Net
'
Central States Utilities
third. quarter
postwar periods.
■
.
Placed Privately—
164, p. 2405.
the
Federal
LIABILITIES—Common
i
During
some
on
for the
etc., $581,570; surplus, $3,216,367; total,'$8,309,922.—V. 164, p. 2013.
$3,076,464
sion—
,
,
,
privately through Harris Hall &
Co. (Inc.) an issue of $3,000,000 1st mtge. 2%% bopds
series due 1976 at 101 and int.
Proceeds will be used
to refund outstanding 4s called for redemption Dec. 4
States Electric
the
compared
.
Company has placed
Central
year.
as
During the war certain flat steel productive capacity
There
29,947
s-'
earned
was
general instability in the wage structure not only in the automobile
industry, but elsewhere.
However, the effect these negotiations may
with
$519,072; U. S. tax notes and bonds, $1,822,130;
accounts receivable, $1,111,513; inventories, $2,199,321; land and build¬
ings, $1,319,963; machinery end equipment, $1,170,451; patents, $57,813;
deferred: assets, $109,655; total, $8,309,922. >■
-
•
Central States Electric Co.—Bonds
next.—V.
with
the
are
Discussions
ASSETS—Cash,
$7,120,418 $8,357,122
2,107,699 J 5,280,658
$4,655,566
2,374,950
4,. 1,228,395
1715.
rehabilitating
is
BALANCE
$8,327,175
Dr2,483 /•"
8,941
/
$5,457,295
income
—V. 164, p.
and
profit
Common
Corp.—Earnings—
J?r4,046
Other income
■.
building,
Depreciation and amortization
Preferred
$5,461,341
in
are
.
—
deductions
it
for
accounts
Gross
$5,376,7.77
substitute
a
undertaken
i,.
>
-
Income
steel
Total
revenues
Operating income
the
of
Months Ended Sept. .30—
Operating profit
.1946^-9 Mos.—1945 .
' 1946—12 Mos.—1945
$24,735,333 $23,765,508 $32,958,464 $31,774,326
Oper., maint. & deprec.
14,109,272
13,285,861 18,988,912 18,023,541
Federal income
taxes—
2,239,000
898,000
2,539,000
526,000
Fed, exc. profits taxes.
•
2,088,000
474,000 , 1,139,000*.
Other taxes
2,925,720
2,847,022
3,833,651
3,758,610
.
value
,
9
,
period End. Sept: 30—
Operating
market
(quoted
cost
at
taxes,
Chapman Valve Manufacturing Co.—Earnings—
,
*
Central New York Power
:
$16,353,572
schedules
3281.
p.
^
r 'i
same
this
to other purposes.
There have been serious delays affecting
the. completion of new mill capacity now under construction. The loss
of tonnage occasioned by the coal and steel strikes of
the last winter
and spring is irreparable.
proposes to integrate its operations, as the company
operate more efficiently and profitably in the original location.—V. 163,
profits taxes
excess
investment
•
therefrom,
480,000
832,000; % 2,409,000
3,388,000
NOTE—Preferred stock dividend requirements at full cumulative rate
for the three months ended Sept. 30, 1946 amounted to $427,078.—V.
.
of
of
'
as
converted
total,. $1,635,403.
for
steel
^ tonnage.
1946
30,
SEPT.
.
$4,206,985
1*747,473
•
3,567
outstanding first mortgage 4% bonds due July 1,
1948, have been called for redemption on Jan. 1, 1947, at 100 and
interest.
Payment
will be made at the office of the company,
3717 Forest Park Ave., St. Louis 8, Mo. ,
,
As of Sept. 30, 1946, there were $173,500 of these bonds outstanding,
as
against $284,500 at Dec. 31, 1945.
On July 1,1946 the company
called
$100,000 of the bonds, and from time to time it has also
made small purchases In the open market.
r
..
The funds for the above redemption will be secured from the net
proceeds of the sale of rthe company's five-story building, which will
amount to approximately $122,000, and from treasury cash. :
The company has just negotiated a deal whereby it is making an
;
$978,015
deducts.
-I-
income
Net
■
other
and
Int.
'vi
'V
of the presently
AU
-
$1,004,220
425,699
<*
SHEET,
$68,788;
$1,566,614;
Bonds—
'
$4,165,938
41,048
-
the
of
There are a number of factors involved in this steel
to
have
$1,402,715
424,700
income—
Gross
about
quarter
,
ln demand
preferred stock
outright
;
..
:$6,013
•
Champion Shoe Machinery Co., St. Louis, Mo.—Calls
v
•
nl
'
$8,494; 4V2%
cumulative
con¬
($50 par), $750,000; common stock (10c par),
$20,000; surplus, $856,908; total, $1,635,403.—V. 164, p. 2013, '
vertible
Public Service Co.—Earnings—
Period End. Sept. 30— - 1946—3 Mos.—1945
1946—12 Mos.—1945
ODerating revenues
$4,955,587 $4,769,493 $19,618,486 $19,139,823
®Oper exps
and taxes.
3,559,173
3,777,982 14,315,229 ^14,973,886
$5,303,257
flat
portant.
>
759
.$7,174 • : • "$4,815
3;567 .'r ^3,567
v
.
LIABILITIES—Reserve
.
$991,511
profit
operating
the
1944
profit from sale of securities for the quarter ended Sept, 30,,
against $3,304 in 1945, $3,658 in 1944, -
$1,747,406),
Central Illinois
Net oper. income-.——
$1,396,414
Other income
(net)—<./.••'
6,301
dealers,-'
third
'
931
-..$18,474./i-V: 8,438
dividends
The net
discount, premium and expense
■
to
the
0I"
sell if we were able to get the material. There is
jprospect for any near term improvement in this respect. The
in?1P®c,late difficulty arises from the short supply of materials, 'of
which
$1,640,823
$68,646
in
P"1 d
'
t $5,674
sold-
were-
sold
were
little
v
1946 was $9,963, as
501,606
k
•;
as
$ Acute shortages of various materials have led other industries
$1,438,926
41,801
NOTE—Amortization of debt
1945
$8,105
Net inc. to curr. surpi ;
1,237
Cr23
41,802
»
Current
Corp.—Earnings—
vehicles
income, taxes
operating
an
(
*
•
-1946
$23,303
4,829
•
•
—/
Preferred
34,159
85,907
CrlO
———$113,226
Balance
Sept. -30—
Expenses
BALANCE
$155,028
.
3 Months End.
Income *
$2,103,957
629,635
Cr42
pTd
' 1
,
^
$2,791,273
• 562,960
/
■;
'
-
?99'2o?
$192,577
55,838
40,913
1
Chain Store Investment
3,554,521
""$202,663
2721.
p.
the fourth quarter oM941, a quarter In
already- restricted by preparation *for war,
was
;192;969
vehicles
e fourth Quarter of. 19.41 an operating profit before provision
for Federal
.
>
374,700
'
Dividends on
,
-
2,955,966
deductions
Other
*,
25,000
219,809
debt-
long-term
on
"!f
;
163,
J,1^
J
■
,
while: volume
number, of
(
.
33,300
taxes
income
Gross
Int.
^
207,375
adjusts.—
acquisition
Provision
which
nevertheless
•—V.
1946—Month—1945
1946—12 Mos.—1945
$1,027,776 •> $945,647 $13,283,997 $12,811,606
479,438 /.i .404,762
5,906,558,- 5,611,128
105,000 f; 103,500
1,255,500
1,242,000
Sept. 30—
the times to note that in
on
541;
for cancellation of thev 100,336-shares/of American
Central Electric. Each common share'' of American
by Central Electric is to be converted into three
Central islectric.
The merger plan requires the approval
held
not
Monday, November 18, 1946
•t,
wages,
"v.
calls
plan
Utilities
Utilities
*
shares
LIABILITIES—Notes payable—banks, $830,000; trade creditors, $153,due to factoring dept.,'.manufacturers, Jobbers, $1,698,562; accrued
taxes, commission
(estimated);J $48,800; Federal income tax,
1945,
$40,493;
provision for. Federal . income tax 1946 (estimated),
$190,000; notes payable banks, due 1948-1949,'-$160,000; reserve fur
contingencies, $25,000; comihori stock;'(200,000 shares no par); $2,000,000; capital surplus, $995,715; net profit, $232,068; total, $6,374,180.
holds
81%
,
y,f'r
THE COMMERCIAL & FINANCIAL CHRONICLE
2540
fact
,
„
that some materials were available, delivered and accepted before the
V impossibility
Net
current
The
procuring others made it necessary to cut schedules.
assets. on Sept. 30 of $180,530,841 show an ■ increase of
of
$5,689,710 since June 30, a reversal in the downward
main
Maison
Blanche store/ one
of New Orleans largest, is 13
acres'of selling space.
'*■
stories in height and has approximately 10
The
trend which has
hew
suburban
Gentilly
store
is
the
second; branch
store
for
'
" v ;
dealers were 199,947,'bringing sales
for the year to Sept. 30 up to 490,565. It is an interesting commentary
prevailed during the past year.
■
Third
quarter
vehicle
sales
to
Maisdn
Blanche.;
.
■j;located
—V.
in
164,
the
p.
/The-first, which was opened about a year, ago, la
residential
1590.
•
section
'■
of
Carrollton
/ V-.
in
New
;/
-
Orleans.-*
:
/••
•
;
.:
THE COMMERCIAL & FINANCIAL CHRONICLE
164 / Number 4543
Volume
w--'v / t? r>.r-r
v
Claussen's
-
.Payments in 1945
cents
'
stockholders,
sole
are.
Nov. 7 filed
on
•
.
i
,
-
The
Taxes,
than
other
Federal
normal
Federal
excess
and
for
Provision
for
postwar
Credit
for
transfer
•_
—
._—
933,000
adjustments—
fiom
for
reserve
adjustments
revenues
_
-
1
Total' deductions
*
cess
stock.
Fed.
(See
income and
ex-
tNet profit
"On
/ .>.
•:
-
1,490,123
to
shares
of
Period End. Sept. 30—
Operating
Other
1,499,845
$5,674,189
revenues
Operation
tEarnings per share—__
•After all
,1945
of
927,581
Int.
tOn 321,920 common
Net profit
Earnings per share
294,694
$797,014
♦After
<
-
:$746,902
$0.32
•
v
$0.30
funded
398,255
14,718,496
14,915,152
'
^
<■
-
^
'
t
'
"
\ " '
't
1
*
k
-,f
}\ '
"
V
"
1
'
for
maximum
a
of
$100,000
($1
par)
offered
be
to
common
will
Proceeds
for
be
No.
The directors on
common
Dec.
2.
declared
Nov. 4
stock,
the 'class
on
the
and
A
stock,
Distributions
of
dividend
of
eacn
made
were
the
on
'358,571
8,563,510
9,684,462
1,125,000
1,125,000
1,500,000
1,500,000
71,156
34,954
86,343
::
Cr227,400
Crll4,500
Cr311,650
13,281,600
11,766,000
17,055,200
5,248,000 Cr2,561,000
orders
reached
records
new
Nov, 1,
on
in
the
to
lntang.
losses
3,398,700
on
•
''
1
-
.
.
■'
* 1946 ?
Net sales and oper.
revs.
Costs, bad accts., etc.--)
15,763,269
•
and
oper.
Other
C. F.
on
...
•
..
•"
■■
10,593,0601
11,016,619
until
17,312,700
473,479
13,732,000
$1.39
13,000,740
$1,33
Net
$156,773
$811,716
168,868
60,801
28,520
$325,641
$872,517
$351,936
Earn,
per
$1,025,126 :
share—
com.
27,500
$424,476
563,620
$0.07
The
tlncludcs provisions for excess
of
the
of
effect
of
the
Revenue
Act of
1943
and
the> negotiations
on
intra-plant > Inequalities, 'and
by the WLB.—V. 164, p. 2014.
by
records,
Time
discount
the
the
other
commissions; record
*
'
1
;
■
;•
<
"returns, allowances and discounts—- 18,248,499
19,818,413 '
Operating expenses and cost of goods sold•
32,084,780 ' 26,797^796
gen. and admin, expenses
V 9,654,557 > " 7,855,044 •
Provision for deprec. and amort.—
614,673
- 617,594
made
of
an
amount
profit
$6,233,515
less misc. deductions—
before
Federal
Income
Federal
*
taxes
'-Net
•
the
share.,—
share
per
the
contingency
from
disposal
of
provision for
1,717,352
operations
radio
station
] $1 Dividend—
The
directors
the
present
able Dec.
6
on
'
($2.50
plan of exchange is
offer.
par)
taxes
deducting
as
of
A
to holders of
cash
by
$1
per
A;;7. i."
'•
,.
'
...
■
_
■
v
■{»:
:
..
1946—12 Mos.—1945
8,087,091
44,071,302
8,482,653
8,480,219
46,917,437
1,467,197
14,079,571, 15,159,362
1,361,048
.
gas—
-./•i•-/.
•:/•.'
v.
SEPARATELY/
7,935,449 '
971,183
J
'
h.\
J
>.
51,367,043 228,754,367 215,540,002
7,335,993
38,246,002
36,094,138
54,030,341'
1
.
1946—12 Mos.—1945
1946—3 Mos.—1945
i-y
j
electricity—
1,009,280
•
4,159,602
;
4,465,89q
;
1
,
have
been
oper.
■
'-jK-'-C"--
Gross
-<1
'
'
\ \:
.
'■
.
49,020,326
3,023,915
42,641,220
3,477,756
8,299,342
2,893,014
8,568,552 ;52,044,241
3,501,649
16,765,4^5
46,118,976
15,246,740
5,406,328
5,066,703
.35,278,816
30,872,236
1,793,715
7,993,824
7,596,533
172,015
251,429
deductions
Net income—
*
hrs.
Sales
voluntary and no
'
of
ft.
cu,
gas,
,
1,993,481
v
(
7,932,369
(000's)
,
*Reduced
$214,000
by
ended
months
Sept.
30,
in
7,294,552
38,950,937 j; 36,683,659
quarter of 1945, $5,080,000 in 12
and $1,618,000 in the year ended Sept.
third
1948,
deductions charged to surplus.
(Including
$46,875 and $88,632, respectively, in the
30,
1946
and 1945r and $2,343,125 and
$2,941,278, respectively, in the 12 months ended Sept. 30, 1946 and
1945»-/
30,
stockholder
by extraordinary
1945,
dividends
inter-company
less than 114,285 shares of the
tendered during such period, it is
kw.
electricity,
(OOO's)—
'
/
'
.
of
Sales
months
three
ended
of
Sept.
i
pre¬
,},
'
(t
-si,,
'
'
"•
'
-
v
r
\
i
*
"
comparative purposes the 1945 figures include the former
NOTE—For
pro¬
Brooklyn Edison Co., Inc., and New York and Queens Electric Light
and Power Co., which companies were merged with Consolidated Edison
period or
Co. of New
York, Inc., on July 31, 1945.—V. 164, p. 2406.
>.
that deposits by the holders of preferred stock
will
be
Consolidated Eureka Mining Co., Salt Lake City» Utah
—Files with SEC—
The
•
shares
provides that the offer may be accepted only
Commonwealth and
for
on Nov. 6 filed a letter of notification with the SEC
shares, of which 50,000 shares will be issued to Carl
company
1,569,089
Stehle, Jr., a director, for services; 469,089 shares to creditors and
1,000,000 shares to present stockholders and general public at 10 cents
each. Proceeds will be used for the purchase of mining machinery and
(a)
for mine development.
for
inc.
taxes
contingenciesand
prof.
exc.
>
taxes
local
•
to
taxes—. :
■
oper
revenue.
recently
income
income
/
Nov.
/
announced
was
on
and
Consumers
f
1946—12 Mos.—1945 ;
$6,116,074 $6,414,904
Oct.
of
common
shares
" yr- v-'-v
.*
-
i
*
/
Power:
Co.—Common
>
.
Production Admin¬
food packing
Stock
y m
£
Offered—
13
on
were
bid
a
These
Nov.
of $33.5399 a share.
The First Boston Corp.:
share and Lehman Brothers $31,445 a share.
stock
(no
par)
at
$36
per
share.
awarded to the Morgan Stanley group
bid $33.36 a
344,709
1,108,100
shares of common stock are being issued in addition
presently outstanding 3,623,432 shares of common stock owned
Commonwealth & Southern Corp., its parent company, and
will thus represent a
12.1% minority interest.
This, financing con¬
stitutes the first offering of common stock to the public by Consumers
$607,210
252,171
289,909
90,684
The
379,156
$541,487-
$771,095
411,283
The
$1,182,379
259,306
$914,485
it became
ai
subsidiary of the holding company.
company from this sale, amounting to approximately
be used for property additions.~
•.
since
Co.
Proceeds
372,998
:
.
500,000
the
by
124,716
375,607
$959,668
$897,119
43,909
'140,021
$757,098
*•••' *• v" 1
Civilian
315,913
to
the
$16,769,950 will
164,244
The
%
in
company's
excess
tional
;
$750,241
$923,073
nections
.,'VV-• :V-
'
!•'/ -v".,v•
l
-.>•*"•
- •
'v rr ^
»'-
r: v;-.
current
of. $53,000,000
construction program is estimated to cost
and will include 170,000 kilowatts of addi¬
steam-electric generating
storage
gas
..1.:
.*y.\
the
250,000
284,115
'
that
3,695,529
100,118
7 -;
30
,
trustee,
4,078,301
205,681
r"
799,997
*' !"jro-
5
1946,
Morgan Stanley & Co. headed a group of 31 investment
bankers which on Nov. 15 publicly offered 500,000 shares
-
*4
29,
Nov.
the construction of a $1,600,000
distribution plant in-Chicago, HI.—.V. 164, p. 2406,
approved
has
istration
■
t—V. 164, p. 1717,
"«"*
on
29, 1946
.
income—-
sinking fund de¬
for redemption
at the American National Bank & Trust Co.,
Salle St.,; Chicago, 111. See also V. 164, p. 2406,
No.* La
to
474,596
-73,481
282,991
$915,759
—
deducts.—
called
:0 Expansion—\
!
•
were
250,000
$707,498
y
of' the $669,000 of 15-year 3>/a%
any
which
33
17.36%.—V. T64, p. 2406.
;
———
•
^
Corp;-^Immediate Redempttion—
interest) may present the same for payment at any time
receive the full redemption price together with accrued interest
It
.
V
Net
1
-
-
,
102 Vi and
and
reasonable
of'
Holders
at
Power
Net
-
Consolidated Grocers
bentures
signed by the accepting preferred i;
certificates;1
1946—9 Mos.—1945
$4,603,469
$4,769,661
2,761,959
Oper. exps. and maint.x ,* 2,918,582
Prov. for depreciation—*; 7,
216,258
146,222
revenue
Sept.
•
•
;
...
' 8,317,123
_
Period End. Sept. 30—
Federal
share
•
-
8,127,327
income
Income
served for the week ended Nov. 7; 1946, amounted to 282,-.
compared with 240,324,082 for. the corresponding week in
and
class B stocks of $2.50 par value, payrecdrd Nov. 22. This compares with 50 cents
' v
7' 'i
.
/
1,906,187
of
as
State
and
■:
',....1
AN¬
(000's Omitted).
of such
Connecticut Railway & Lighting Co.—Earnings-^-
Total
of
,
2,111,722
income—
tNon-operating income-
kilowatt-hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
Other
,
■
1946—3 Mos.—1945
,
dividend
31,283,172
$1.78
Operating
weekly
this
Gross
a
36,800,379
$2.25
ft.)__ ; : 9,25 4,876
■r.x/i.--;
M",*
V'/'-V .f*
$350,000
i
declared
the
Weekly Output-— /
Prov.
thereon, f. -(Calculated
outstanding
4,974,335
*
(Indiana>,
$1.89
$2.33
v
after
stock
t
6
reason
If
mailing.
such
shall
$2.49
•
'
'
Nov.
class
,___
WBT
possible Federal
shares
,
■
:
$4,271,261
$2.33
50,344,707
19,061,535
End. Sept. 30—
>• :i.
be exchanged, together with
Operating
$3,234,247'
1,037,014
$3,997,532
—
28 1946/
on
•
,
per
which by
Indiana
whereby the stockholder agrees to send the
be exchanged to the exchange agent or sub-agent with
Fed.
•From
!.
1,790,000
3,145,000
$3,997,532
income for period—u—
earnings
tEarnings
upon
:
8,169,247 '
'
•
20,845,654
,
034,099,
211,163
6,512,532
i
t Net income from
operations—
•Extraordinary gain
—i
Total
of
one-seventh
$7,958,084
279,017
-.
taxes——2,515,000
Federal excess profits taxes.
to
v
1945, an increase of 41,710,017, or
•Gross
equal
^
plan further
territory
•
Income
$
of
deposit with the exchange agent, Bankers Trust Co., 16 Wall St.,
York 15, New York, or its sub-agent, the National City Bank of %:
The
of
Selling,
Misc. income,
57,646,033
4,316,403
——
promptness, Preferred stock deposited for . exchange, would be deposited
irrevocably and no holder of such stock would have a right to with¬
draw stock once deposited, unless Commonwealth rejects all deposits.
Sept. 28/46 Sfept. 29/45
agency
9,290,738
revmuesr "62,936,973 ,53/712,316:271,159,971 256,100,030
'"Oper. rev. deductions;
•
<.
;
'••—
29,125,067" 26,003,354 113,686,036 102,016,195
Operating expenses
:
Maintenance
6,907,148
8,059,220 •• 25,479,277
27,932,940
Depreciation
6,382,233 • 6,476,233
28,848,933
28,017,933
Taxes, other than Fed.:
"
.
.
income
9,407,148
9,371,386
38,305,399
39,366,742
•Fed. inc. tax (est.)2,988,000
1,485*000
15,820,000 • 16,125,000
5 on company's proposal to offer
1/ 1946 Commonwealth had outstanding 1,482,000 shares
preferred stock with a stated value of $100 per
of
/prescribed
•
sale *of faqilities,
talent,
etc.—$66,836,024 $63,046,931
ana
50,072,170
272,537
•
hrs.)
(cu.
gas
i Period
of the certificates for the shares of preferredthe completed form of acceptance):
lof offer of exchange prescribed by Commonwealth, or (b) by delivery,;,.
I
to the exchange agent or its sub-agent of an undertaking in the form ?.
income ' frcm
lines,
(kw.
Sales
on
plan provides
stock to
System, 3tnc» (& Subs.)^~Earn.
'9 Mos. Ended—
Gross
57,157,120
488,913
5,339,988
Sales
the
Evansville,
to
Columbia Broadcasting
t
./•V"./
.
stockholder
7
of
/New
pending
clarification
ended
Sales
plan reserves the right to reject all deposits If less than 90,000
of its preferred, stocks are ..deposited for exchange.
$79,237
563,620
$0.14
$0.75
112,416
3,785,348
—
9,178,322
$214,000 in third quarter of 1945, $5,120,000 in 12 !
Sept. 20, 1943, and $1,675,000 in year ended Sept. 30,
by
of elec.
accepted in the order of receipt and that
the offer of exchange will be limited to 114,285 shares of such pre¬
ferred stock. Any deposit which would result in exceeding such limit
would be subject to appropriate reduction. Commonwealth under such
NOTE—A current provision from income is being made and is cred¬
ited to the "reserve for Federal taxes and contingencies"
results
be
Commonwealth
of
;
allowances as directed
income—
47,996,903
18.882.0Q0
9,125,336-
,
46,712,520
18,6jlu,200
84,329
.
11,398,671
1,909,^00
9,041,007
•
income______-_
Sales
$1.80
•
posed that the offer may be extended for an additional
periods, not exceeding 60 days in the aggregate.
U07.300
$42,196
'♦Includes provision for contingencies,
profits tax of $48,300 in 1943.
•
further
$1.92
including 114,285 shares ot said stock, ZVz shares of
(no par) of Southern Indiana Gas & Electric Co.
of Southern Indiana common stock, payments
proposed
ferred. stock
27,459
•282,600
$0.80
.
3
Southern Corp.—Hearing Dec. 5—
prescribed by the Commission.
date
final
137,940
74*145
.1,126,975tf?-* 563,620
stock—,
i
-v *
••
3,574,400
deductions——
Period End. Sept. 30—
13,000,740
13,732,00a
-
proposed, plan, the offer of exchange, would be mailedto the registered holders of the preferred stock of Commonwealth andv
the offer would remain open for a period of at least 15 days after the
477,934
209,300
:
would
Under
$323,416
137,940
~70,m
♦797,400
__________
capital
~
V 11,456,314
(est.)
OTHER STATISTICS OF CO. AND SUBSIDIARIES
shares
Oct.! 11/1946.
The
______
profit
Shares
23,421,867
would, be required- to accept the
925,914
v
:
1945, by extraordinary deductions charged to surplus.
26,370,007
and a voluntary and
JThe
9,986,108
)
1,232,760
601,983
Other ant. & misc. chgs.
taxes
Net
involuntary liquidating value, of $100 per share plus arrearages. At Oct. 1, 1946 accrued and unpaid dividends /
on the shares of preferred stock aggregated $26 per share,
after giving
effect to a dividend of $3 per share previously declared but not paid
•
415,515
1,212,262
499,308
Ped. and State inc.
_____
(other than Fed-
."Reduced
cumulative
$6
& I Corp.
i
bonds
7,371,055
7,541,233
Earnings per com. share •''
307,000
; 7:
19,104,961
of common stock of Southern
share,
'
Int.
7,239,000
closing market price of the preferred stock on the
As of Oct.
of
$1,857,043
35,681
income
4,483,000
3,222,179
stock
Exchange
may be
1,112,067
1,040,280
t
112,406,915
31,825,946
~
;
$1,892,724
Net
cash
shares
(& Subs.)-i~Earnings—
*
)
Depl, deprec.,< etc.-——
Selling and adm. exps._ '
715,689
34,507*933-'.33,267,933
Gross
New York
three consecutive market days immediately pre¬
ceding the final date for acceptance of the offer under the plan. Any
/ '
Ordinary taxes
-
14,660,242
outstand¬
half
of
average
1945' ?
1944
1943
$19,772,659 $12,584^76 $13,955,420 $12,186,850
3 Mos. End. Sept. 30—
.
46,494,4*0
7,557,233
payments are not delivered in exchange would be sold by Com- ;>
monwealth in the open; market- in accordance .with such procedure as
S':1!
Colorado Fuel & Iron Corpi
232,482,926
43,841,162
15,332,139
2,6ou,249
2,795,640
8,897,027
1,445,459
294,451,867
cash
•
•
1946—12 Mos—1945
55,415,826 246,8oo,841
29,066,^38
months
end of period-
common
lieu
In
.1946—10 Mos. —1945
.
STATEMENT
124,454,161
.
SEC will hold, a hearing Dec.
Stock
$8,374,505 $99,431,677 $77,672//93
/
an
310,700,772
Income
exchange for each share of its outstanding)$6 cumulative'preferred
thie
164, p. 1206.
1946—4Wks.—1945
$9,847,909
—V. 164, p. 2151.
Cr80,163
643,000
netJ inc.
stock VP■:to and
Colonial Stores, Inc.—Current Sales Up 17.59%—
Period End. Oct. 26—
Sales
year,
9,153,646
unamor.
expense—
Commonwealth &
The
•
$360,583
history
company's
1946.—V.
last
; 27,276,b2.J
Total
9 Mos.
$174,238
-
of
66,474.001
Jpthqr oper. revenues.— /
Colonial Sand & Stone Co., Inc. (& Subs.)-Earningstaxes
week
per
In
3 Mos.
of elec¬
ended NoV.
output
week
70,014,208
revenues.
Operating income——
Non-oper. income.
14,509,200
1,506,200
of
INCOME
655,640
revenues.
oper.
eral income)
♦Federal inc. tax
debt
taxes-
of
oper.
Depreciation
•
- NOTE——For
mechanical reasons ~ it is not always
possible to arrange companies in exact alphabetical
■jorder^. Howeverj they-are ' always as near alphabetical
position: as possible. •
April; l, July 1 and Oct. 1, of this year."
•
v
1945, the following dividends-were paid on the common stock:
April 2, $5.55; July 2 and Oct. 1, $5.60 each; and Dec. 15. $13.10.
—V. 164, p. 824.
.«
,
•
Period End. Sept. 30, 1946—
Net income after all charges &
corresponding
58,337,062
Maintenance
7
stock
common
the
CONSOLIDATED EDISON CO. OF NEW YORK, INCi,
for
$3
System
kwh.,
1346—3 Mos.—1945
Sales of steam (lbs.)
-
semi-annual
164,
,
Operating expenses—30,530,199
dividend of $13.20 per share on i
a
usual
depreciation, -V,
for
purchased)
gas_____r_____
9,635,237
steam________^v ; 1,386,169
Total
♦Charges equivalent to Federal tax reductions.- -V. 164, p. 2405.
In
Unfilled
of
Taxes
Earnings ..per. .share—
on
amounted to $12,000,000
the
for
electricity
of
other
19,934,286
taxes—
&
of
Sales
21,600,600
to construe.-
shares
ing at
V
,
both payable Dec.- 16 to holders of record
$5.60
Sales
debt
profits
dis.
of
22,638,354,
19,708,531
7,077,888
deductions
income
exc.
Coca-Cola International Corp.—$13.20 Dividend—
the
kwh.
175,800,000
Period End. Sept. 30—
sub¬
used
and
203,000,000
to
that
announced
generated
amounting
a letter o* notification with the SEC
scription to employees at $32.50 a share.
corporate purposes.—V. 157, p. 2tf,
>
share
13
Nov.
on
(electricity
Sales
358,571
6,305,245
expense
Consolidated
Coca-Cola Bottling Co. of St. Louis—Files with SEC—
The company on Nov. 6 filed
2,449
2,402
for
,
/.;7 sales;; of properties—'
all
,,
company
CONSOLIDATED
:
576,928
1,355,533
16,562,946
*
jZ
$63,799
.
1946,
with
45,382
Crl28,150
•Reduction
charges but before provision for depletion of discovered
Increment.—V, 164, p. 952.
^
10,062
/
made
-
'
1946—12 Mos;—1945 7
8,341,642
debt
of
other
debt
$5,689,144
$2.26
$1,935,680
$0.77
are
'7^
17,109,663
taxes
•Write-down of
$8,177,280
2,488,136
709,146
295,002
earnings
-11,356,470
additional
•Write-down
1946—9 Mos.—1945
$2,644,826
been
19,214
;
'$79,211
compared with 176,200,000
kwh. for the corresponding week of 1945, an increase of 15.2%.
Local
distribution
of
electricity amounted to
189,900,000 kwh.,
compared
192,090,799
776,938,482
and
chgd.
Fed.
1946—3 Mos.—1945
$1,091,708 $1,041,904
tax and surtax
1945
10,
$0.68
11,810,032
unfunded
on
and
Int.
Federal
Period End. Sept. 30—
bef. Fed. taxes.
tThe
22,7a4
•
Consolidated Edison Co. of New York, Inc.—Output—
The
$1,789,838
I—144,347*469'. 143,362,769 193,907,939
7 63,722,114
85,241,025
57,051,287
property—
on
discount
163, p. 2722.
•Profit
stock.
$3,008,669
$1.14
2577.
p.
14,342
$83,013
'
■■
has
>4,7o4
,
$90,429
allowance
$68,671
$101,995
•
10,675
■
-y
J
write-off
expenditure
1206.
tricity
143,419,888" 142,964,514 192,552,406'191,513,871
depreciation-
Amortization
1,299,070
$3.70
$4.09
$2.69
163,
8,778,063
of
Interest
Climax Molybdenum Co.—Earnings-
Fed. inc.
1,755,200
$540,189
$0.21
'
:
before
NOTE—No
p.
"•;
4,752,000
^
1,426,300
common
—
Fed.
for
cost
1943
1,418,492
963,068
'!Vr /.•
x-:-•
Profit
182,058
$77,241
.,
$41,104
—
Provision, for taxes_____—__.
/
;
164,149
.
$6,541,838
_x.—______
Amortiz.
1944
charges, including Federal taxes, etc.
v
*
J. k
chares.—V.
Non-operating'revenue, etc.———_
Total income
23,930
$250,729
.
201,511
$39,537
/• 1,567
______
1944
^*,o40
$24i,3oi
-
$24i,0*d
cost—
—
,1945
.
27,*10
operating
Operating profit
State, local and miscel¬
$19,644,395 $38,642,900 $44,134,507 $32,832,343
1,503,885
$4.37
Development and
1946—9 Mos.—1945
$4,763,869
1946—9 Mos.—1945
—_
Income
Total. Income
•
Prov.
•Net profit
1590,
1946
metals produced--
increase of 8.0%.
Cleveland Graphite Bronze Co.—Earnings—
1946
164, p.
>
renegotiation.—V.
laneous
sales
New
on
Commonwealth Edison Co, (& Subs.)—Earnings—
—,
$7,334,727
:
9 Mos. End. Sept. 30—
1418).—V.
p.
649,000
;
Maintenance
Net
164,
7 $1,092,370
'
$0.41
share
per
2,636,878
subject
$8,824,8501: $7,174,034
_
Balance, surplus
—V. 164, p. 1205.
V.
1946—3 Mos.-^1945 »'
$1,741,370 .$1,966,489
taxes—
profits taxes—
♦Earnings
,
.
._
.___
bef.
Federal
$6,960,830
-213,204
$8,594,271
230,579
.
income
Gross
<7r728,000.v
*
Total non-operating revenues—
Dividends
:•:"7,'r.;v .;
v
■
to
common
Profit
?•>:"•
postwar
;
Net operating
•
Cr373,000
5,006,004
,
___,
income from
Capital
4,175,460
.2,906,000
261,000
4,726,064
2,106,000
4,136,560
—-
3,219,000
profits tax
depreciation
•,
Commercial Solvents Corp. (& Subs.)—Earnings—
1,725,017. 1,480,902
/' 4,092,304
3,377,826
surtax
Provision
1
Ltd.—Earnings—
Quarters Ended Sept; 30—
Tons ore milled——
■
*
-
(est.)—
Coniaurum Mines,
:/
has declared an extra dividend of 50 cents per share
company
stock and on tne new prelerred stock, both
Period End. Sept. 30—
__
expenses
tax
income
\•;■;
Dec.
the
,,
-
v
/:
:
Sept. 30-r1948
1945
operating revenues-i.--^—i.^-,'iYJ^-«^ $43,843,244 $48,192,957
production
12,021,223
15,131,793
Transmission and distributiori-i-_»>>-.v-.-.----3,675,853
3,556,894
Cost of steam—----1,468,577
1,442,990
Distribution of steam——____—.__
72,436
67,199
_
••••
-
.
holders of record Nov. 15.
This is equivalent to
$1 on the old stocks outstanding prior to the two-for-one stock split-up
which this year has already received $4.50 on the preferred and $3.50
Power
expenses
Administrative
and
general
■
new
payab.e
Total
Commercial
t
•
v
company
the
on
on
12 Months Ended
>.'•
Baking jCo.—Declares
Columbia
Stock—
(& Sub.) —-Earn*
-
-
2541
:>>n
.»\
Net
■
Cleveland Electric Illuminating Co.
ings—
;«'/
.#
f.ollows: March ,2, June 1 and Sept. .7, 40
werp as
i..,.Vr.
a
,,«
;
each;:and Dec. ,7. 60 cepts.—:Yf,,163>. p.. 2290.
'....i.
registration statement with the SEC
for'7,500 shares ($100 par) 5% cumulative preferred and 35,000 shares
($1 par)
participating convertible preferred. Underwriters, Johnson,
Lane, Space & Co., Inc., Augusta. The securities are issued and out¬
standing and are being sold by the executors of the estate of George
P. Claussen and by Euclid Claussen, President of the company, who
The company
•*.«
o
ff
paid-on Sept. 6„-last, and 40 cents each on March 8 and June 7, 1946.
Sons, Inc., Augusta, Ga.—Registers
;:■/;>■ "...
v
.:,>
(H. H.)
.with SEC—
-cir*-
•
capacity,
the development of natural
fields and additional natural gas transmission
Panhandle Eastern Pipe Line Co.—V. 164, p.
with
'
V'
line con¬
2406.
»
2542
THE COMMERCIAL & FINANCIAL CHRONICLE
Continental Car-na-var Corp;, Brazil; Ind;—Files*" with'
,'
..
; :>■.;■.;$>$ i-A
SEC—
.
.
common-one
year after present public offerings. Price, $2 a com¬
share, one cent a warrant. Underwriter, L. D. Sherman Si Co.;;"
York. Proceeds will be used for working capital.
*
mon
New
and
Agent—'
;
Redemption- of
shares'of
stock.—V;
common
cold- rolled-steel
are
designed
;
,
the !%■ convertible '■ preferred stock, which was re");
cently called for redemption as'-'of' Nov; 15, 1946, at' par and dividends,
is being effected at the'Corporation Trust Co., Jersey City^.N. J. The >.
conversion privilege expired at the close of ibusiness on Nov. 9, 1946.
Each
share
was
convertible at the'option of the holder into four
.
The company on Nov. 4 filed a letter of notification with the SEC
for' 132,500 shares ($1
par) common and 35,000 warrants for purchase
of
Crown Drug Co.—Redemption
Monday, November 18, 1946
stainless
may
also
and
light
sheets- and
primarily
and-other
be
for
utilized
the
for
production
of
carbon
rolling- mills*
new-
hot
and
strip;-but
operates
now
The
of
sheets* arid
production
Company
plates.
strip- in coils;
the
alloy-steel
cold
the
steel
facilities
rolled
equipment
sheets, strip'
producing a
for
limited
tonnage of tool, specialty alloy and stainless steel sheets on its
hand'rolling mills; brit does not- have'any facilities for the mechahized: A-
164, p. 2014.
production
of
widd
steel sheets.
The
installation
will
also
permit
'
the-
to increase its production of specialty- steel shoets by* trans-'
ferring-certain of its production of stainless'steel'sheets to the neW
rolling mills.
•"
:V -■
"''V:"7
company
Continental-Diamond Fibre Co.—Earnings—
*
*;
t;.!
Creameries of America; Inc.—Common Stock Offered
.
(Incl.
Months
9
Ended
Gales
to
to
foreign
Sept.
customers,
JSales
Total
sales
less
30—
1946
$7,282,303
:<
-
etc.—
allows.,
returns,
1945
;
$8,528,089
261,079
$7,564,295
depreciation-——6,726,989
general expenses——.. AA 748,873
-
Transfer Agent:
7,076,842
exclusive of
Ss
*
$8,789,169
_
„
Celling, administrative
—Kidder, Peabody & Co., and; Mitchum, Tully & Co.
headed a syndicate which offered to the public Nov.. 14* v.
a"new issue of 116,986 shares of common stock ($1 par),
at $22.75 pef share.
'
:A;'v
.
.
subsidiaries ;s——281,992
—
■Cost1 of- sales,
companies)
wholly-owned domestic subsidiary
715,683 %
Angeles.
'/'•"''"t-'"-•' "''-"A"
PURPOSE—Of
.Gross
profit
income, net
Other
—_
——
331),
$996,643
20,384
$88,433
3,372
—
'L'"
$1,000,000
will
to be received by the company ($2,502,used for additions to and betterments of■ the
be
-
for
depreciation-
Provision
for
Federal
Loss
for
Earned
taxes
1946,
share
—.—
resulted
income
in
assets
current
$4,769,000,
of
for
—
Nil
>,
,
Sept.
1
.
-
CAPITALIZATION
.June-1,
,
Continental Oil Co. (& Subs.)—Earnings—
Period End. Sept. GO-*-
Soper.
'dross
•Costs,
Income——
taxes,
adminis.
Deplet:,
^50,254,701
expenses—
deprec.
2,897,624
Intangible develop, costs
Divs.
and
other
^3,768,801
112,850
on
Other
Net
1,520,857
Pr55,798
$ Dr92,957
Federal
•
730,518
--
21,571
1,880,932
Drl81,309
-
State
estimated
for
oil
|
and
State'
gasoline
Federal
and
excise taxes
included
the
not
205
oil
production
®
period
last year
296.
were
-
The net
of
$163,975
amount
•adjustments
after
refunded
and
has
credft
been
contingencies.
fiervices for 1945 have been filed
is expected that a
It
refund, if
this final period
of renegotiable
for
Federal
income
charged to the
taxes
for-
pany's
a
$4,000,000
Denver
to
program
Lester
7,500
barrels
oil
company's
'The
day.
ployee
and
living
a
cost
bonus
of
companies
$50
to
cover
will
the
A,AA"
the
,j
—•V.
f
parts
of
the
United
1080.
States
will
receive
>
the
sales
—
Corp. above.—V. 164,
p.
Total
Pro v.
Federal
.'j*!
and State
,
Pro
rata-share
of
against operations
Total
Per
Per
prior
Cash
-•Includes
taxes
$34,472
credit of prior
tax
prior
per
years.—V.
,
Notes
Plant
Plant
from
operation—
Other income
—
Total
•Fed.
—
Federal
1130,277
Other
"
-
State
.—
taxes—
Depreciation..
Net
—
profit
Preferred
$525,628 -V $424,016
A
.
239,531
$188;727
"
$0.25
.
Coinmon
dividends
INo
of
.
$0.90"^";'".
,
provision
unused
excess
.$1.15"
Federal
for
profits
tax
Surplus
Surplus,
Co.—Earnings—
per
sh.
1945
'
,
>
,,
1944
A
7
,
1943
">
$9,941,726 $11,662,131 $10,368,456 $16,665,928
1,517,357
1,665,891
916,686
940,821$11,459,083 $12,728,023 $11,285,142 $17,606,749
4,651,799
5,413,935
4,651,944
10,572,15$'
1,215,000
on
1,215,000
1,215,000
1,125,000
$6,099,088
$5,418,199
1,290,093
4,924,700
1,290,093
1,290,093»
4,924,700
$5,909,591
t$115,705
t$796,594
t$305,202
11,162,299
10,201,099
9,786,802
$10,891,140 $11,046,595
$9,404,505
$9,481,601
com.
$1.70
$550,799
in
1946,
$1.90
$783,635
$902,158 in 1943 for taxes other than
in
$1.83
$738,944 in 1944 and
tDeficit.—V. 164; p: 825.
1945,
income.
$1.63
Gross"
fund___—•
A
and
\
payable'and
ahd
other
A
liabilities^.—j—
current - liabilities^.—
.)
w
-
■"
in5."surplus—i_—»-i———
————A "
surplus
533,014
—V.
1,392,233"
J
expense..
164,
5;728,025
p;v.2151"-:cvA-;1..V-gA"-'A-vA<"_;:''" 5"A
Crucible
;
"v.'--A'.-1-!.-vv A
Steel
Co.
of
America—Bonds
Boston
Corp.. and associates
first mortgage sinking
oversubscribed.
Bonds
due Nov. 1,-1966.,
.
.A AA'A"
'.
■
2,406,785
160,000 ''
-
'>•}.
9,497'
" 484,573 "
: 875,514 (
524,200
offered
bonds,
3y8%>
The issue has been ;
,'
1, 1946, and are A
'A.
:•
• A
general
funds as will riiakc art'aggregate of $27,500,000, will be'set"
apart for and applied to the purchase, construction or other acquisition*
of property additions and
the-rearrangement and rebuilding of existing *
facilities or to.the purchase or redemption of bonds no-w offered.
EXPANSION
AND'IMPROVEMENT—The
mahagement in collabora'tlon with independent consulting engineers'has
developed a program for'further diversifying the company's' products'
and
for
consolidating operations and improving operating practices.
The program contemplates the expenditure'of approximately $30,000,000.
for
additions, betterments' and replacements to" property
of which'
expended
prior to Aug. 31, 1946.,
It is
expected that this prdgrhm will be completed by the end of 1948.
The major expenditure to be made, representing approximately 40 %"
of
the
*1,359,939
14,825,016
833,347
in
reserve
was
total, relates'to the installation of facilities for producing hot
4,909,569
^Includes
contingencies.
for
operating
Fed)
&
Subs.)—Earnings—
*''
for* State
"
.
.
incorrie taxes___£
—V. 164;
2015"
p.
""
",-v ?A
--
-
A"-'
i;558,250
3,991,000
259,671
$2,587,126
$2,997,265
...
7,553,987
1,403,000
income; tax..1,657,950*
," 153,822
"Reserve'for Federal excess prof, tax
'
earnings
1944 " ."
$50,424,129,y
" '
1946'
*
1945
revenue"..—".— $71,779,865 $52,840,496
state taxes on inc.
4,809,037
8,240,798
Sept. 30—
Federal
for
Reserve
-Net
Code.—
v.A":j
9 Months Ended
bef.
•
-r-nv■ rrgn-n-nr.■■
■
4,961,005 ?" 3,576,082*
15169,930
reduction
tCredit
.
1,560,758*"
•
-
•
-
Curtis Publishing CoA (&
x
♦
25,226",077
18,755,750'
19,234,445
$2,103,057
tCr4,217,887
A ;
•
;.V£;164,;pf: 2151;
238,553
3,168,000
.
*
A $2,589,184*
A
.
A". Cusbman's Sons, Inc.—^Earnings—
.
Period End. Oct. 5—
share
per
on.
$7
"
Federal
taxes,
all
Other
93,883
V"A 78,282
^—
105,594;
A.;".;;
income
[S
Other
.6
617
$177,995
A
46,667
;
surplus—.1
;Balance,
gCredit.—V".
;
Dansaire
•The
for
$10
poses.
$141,245
$2;6'46,219
560,000
75,233-
4,969
A*
94,709'
9;085
8,103
.
.
$2,076,841
560,000
76,204
.
335,370
§96,173
.$133,803' $1,675,616
334,935
.
$1,536,810
§7,444
.
435,531'*
A*
1717.
on
6' filed a' letter of" notification with the SEC
preferred and 6,300 shares of common. Price,
be sold through employees-of the company.
for working capital and other corporate pur«
Nov.
shares of 7%
Stock
unit.
Proceeds
,
909,603
(N; Y.) Corp.-^Files with SEC—
company
13,700
a
104, 'p.
'
$2,067,756
$2,638,116/
applicable to pfd,. stocks for period..
f
X;
.1,071,911.
,1,179,444
46,667
6,727
int;. and- deducts.
Dividends
..
936,713
$177,378
$239,348
Other
,
77,356
...
$289,342'
revenues.._
,
1946—12 Mos.—1945"'
$9,734,567
$861,643 $10,181,634
3,842,136 >
• 339,978
3,956,385
1,843.161'.,
161,337
1,470,976
taxes—./"154,609,,,.
taxes—
Depreciation '
charges.
1946—Month—1945
Operating revenues—" $955,213
Operating expenses..... " . 339,097;
Federal
other
'
...
V-
30—
$23.48
.
and
Dallas Power &. Light: Col—Eatnihgs—
Period End. Sept.
.
$43.24
"" $4.17
$12.08
interestp depreciation.
163, p. 1026..
$713,154
$70,593T
;,-
.
" *;
stock
preferred
—V.
$199,164
A;:
$397,433':'
1946—40 Wks.—1945
1948—12 Wks.—1945
,
income
Earns:
V 4,335,9241
proceeds'(approximately $24,28*7,375)' will be applied
$12,461,340 to redemption on or before Dec. 31, 1946, of
15;year 3(4% sinking fund debentures, due Dec, 1; 1955,
102; balance of such proceeds,?together with such amount from the^
approximately $2,000,000
334,490
$2,161,347 credit from carryback provision of Internal Revenue
Net- oper.
PLANT
1,363,629*
354,270
follows:
OF
A'"'40,541-
:tt ■
X. 302,428
*
oh -ine._
A "Net- income—
♦Loss,
439,533'.
430,337
144,321,-
$12,217,000
PROGRAM
...
prop-
etc.'—
contingencies. A
Offered—:Tfie
13
•
-
j A-V•'" J
for
•• "*?""
'""A .;;"v
Nov.
fund
dated Nov.
are
.;::
on
38,220
:
income—
'
Gross
PURPOSE—Net
at
?
434)027' '19,714,519* 26,062,995
283,196
—
of
sale
on
Earn.
A——• $14,889,941 $11,275,584 A
?V;:.".
-
'
951,717'
taxes
289,607 -:
'
*'
^
,
4,206
23,786
$900,0001
-
stock'
-
5,285,777
-
'
for
214,612
1,934,666
$1,368,884
1,539,939'*
1,354,007 '
"•' 299,154? ."
280,400 "
income—V—
on
$,223,750
5,138,623
,
accrued
taxes
13,460,527 ,13,150,844
debt and
Reserve
—A—————-
•. ^
6,172,534-
7,233,183
-
debt: disct.
of
v>V"VIA'-vyv1!'' A'
Net
575,000 »
$14,889,941 $11,275,584''
-w
—
1943-
♦
^
profit—
erty,
4,018,143 "
"
243,992
t,——1Li
6,478,069
10,93i,080
contract
funded
on
.amort,
-
5,538,088
"451,323
Total
4,924,699
;
25,111 V-
1,835,501 ;
2,686,292 X
4,816,993
depreciated—:
1944-
*
*:
224,107 A:
2,028,721
—
series, due 1966, at 100 and interest:
*(
t$622,503
«stock
•Includes
-
1945 " V
A A 25,111"
—
—A
—v-x....'
$25,000,000
-
11,513,643
31:
Surplus, Sept. 30Earn,
1946
4,924,700
...
Dec.
:
100,000
Calendar Years-
1945
3,481,709 "
expense.s.—^
An."-. k'Avr '.i:
24,*555
-
End.
1,323,912
3,976,946
——.
Prov.
$1,407,211
:
1,700,000
116,700
Royalties, divs.- and in"..
J
"i*'£:iA
-terest' incbme-A—Cr243,713,: Cr201,45G 1 Cr246,187
Crl75,072
Miscellaneous
(net)—
4,714.
2,914 : " 32,048'Crll,686
>;
,
Vx''
$1,761,158
150,000;"
100,000
gen-
expenses
♦After
"• A"*"'
953.
1,290,086
_
'A 1946
| g"
soldi-,—
depletion
sales 'agency
Intr.
,
1945^
30
">
200,000
14l,422,88L 183,378,502 197,897,544-,
46,725,492 118,635,418 137,922,442 145,595,452
Prov;
SEPY.
SHEET,
200,000
200,00$
56,244,563-
repairs."—X
adm;- and
1,152:-? Losses
$1-99
"
t
■j
300,000;i
250,000
of. cancellation- of
Cost'
$963,463 )
$3,02,.'
term debt—2,390,500
Reserve for contingeneles__i.
———!-*.—•
A
162,888 :
Minority interest' in subsidiary—-V'
12,522'
-.
$525,628 ■
$663,547-.;
"S "$0.90-X.:
$0.69*
""$0.25
>
taxes.
IV
&
.
2,595,563"
Long
Paid
$5,592,283
divldends.
.
8 Mos.
goods
and
Interest
*
218,258
$1,612,036
$0.66
irt''banks-——lU.—
equipment
*
Afccounts
as_
income
and
BALANCE
*
and
.-Bank loan
*326,536
(Including subsidiary sales companies)
Profit
$317,796
,
and 484,573 shares in?
Other assets.
Crl68,796
•
■
58,360
;
"
2,786
;
Marks
—***
Hayden" Miller & Co.—
Merrill, Turben & Co.—
——- —
and
eral
:
J
$685,407
rehabilitation
First
9 Mos. End.
Sept. 30—
775
accounts'receivable—
and
1944;
carry-back
Corn Products Refining*
761,811-
1,013
of
Maint.
Selling,
A
188,364
63,711
$500,000' * :
,,
1,250,000
Se-
Corp.——
sales,
Net
Cost
$3,836,796
175,677:
1,085,837
Co.
ner
—The Ohio Company
Aug< 31/46.
Deprec.
-
$3,648,432
$2,940,047
severally,
"
Ctf.,'
232,270"
$1,216,858
471,118
1946
Webster
&
>
$2,707,777
31,845"
18,939
$1.29
&
curities
Hail
1,250,000"
'
$7,779,001 $26,764,716 $22,106,291 ■>
6,593,988- 24,056,939'- 18,457,859 A$1,185,013
•
SUMMARY OF CONSOLIDATED EARNINGS
19461-9 Mds.—1945
.
Co.
1,250,000"
1,250,000"
Peabody & Co.
W. C. Langley & Co.—
Lehman Brothers———
Stone
agreed
Watling, Lercheri' Si Co)
First of Michigan Corp.
Moore, Leonard &
Lynch
Singer, Deane & Scrib-
1,250,000
Kidder,
have
Laurence-M.
1,250,000
1,250,000
(Co,
Sc
1,500
&
1900.
(Inc.) "*.
500,000
Hayden, Stone & Co.—"" 500,000
Hemphill, Noyes1 & Co;
500,000-1.
l,25p,000
Company 1,500
Eiseman
117,537
share
Stuart
Inc.
,
Inc, __—1,000
_
years
p.
W.
Norman
-
Bacon, Whipple ft-'-Co^.
Harris,
Co"u—1,250,000
Inc.
Wm. P. Harper & Son & Co. 1,500
23,197
533,014-shares in
hand
and
Common
credits
164,
-
3,000
——
eom.
on
Inventories
payments.
■■■*;
—
years
IRepresents
3,000"
&
Halsey,
1,500
Henry F. Swift & Co
112,303
£*,1 :\'f'*
on
148,569
profit——„__„_
required.
Northwest
• *_
,
sfcott; H0rriet"&' Mascfti; Infe.' l',500
United States Treasury notesv
Marketable" securities at' cbst__
$554,293
:
$22,931
earnings*bef. tax credits.
share earnings, incl.
Pacific
$1,293,048
ASSETS—
November"
Earned
net
share
in
Slocumb-&-Co.—
r
Outstanding
■
-
underwriters
several
Harriman Ripley & Co.,
A
>
the company the principal amounts
opposite their respective-names, «
' *
'■
j>?
Eastman, Dillon & Co.Goldman, Sachs & Co.
:
—2,000
}H
program
expected to be •'
to purchase: from
Jointly,
:
Holley, Dayton & Gernoh-v 1,500"
,
em¬
charged"
reserves
Brush,
Calif
of
be
1)400,000 8he;:A "444,230 shB.
;
2.250,000
1,250,000
2,000
-'
to
;
'
' A " "
A $25,000,000
•
316,300 shs, >
316,282 shs.
-
-
-
—2,000 *
Co.
V 126,599 "
Net" income.-r
$852,164
income taxes—
Cor,
the
"v
'
as-the
$25,000,000
stock
not
Drexel
-
__i—__;—
•Earns;
'1945''-''
profit before tax credit—
tExcess profits taxes credits.
Evans^
A:
—
cost of
Authorized
Smith; Barney & Co.i._
Blyth & Co., Inc."—-
AA:tlABILITIES^A"?A.VXA
,
*
2,250,000
>f
2406.
1946
estimated
'
$4,500,000?
3,000"
Pacific
$1,166,449-'
income
f\jTi
$171,500
Net
Inc^
;i- $10,742,332
—" 9,575,883
for taxes - on: inc;_
|
Cd;-~rEarnings—
9 Months Ended Sept. 30—
Profit after charges
;
income
Total:
Copperweld Steel
A—L.
Interest
Continental Steel Corp^—Sells Plant of UnitSee Borg-Warner
as-the
Kubn, Loeb & Co....—
2,500.
concen¬
indicate
represent expenditures' made arid
UNDERWRITERS—The
and
■
Harold C. Brown & Co., Inc.
conditions
prevailing
The First Boston Corp.-
Levy & Williams—'2,500
Clement
3,000
Co.——
sales, etc
Dairy- cattle
-
and
The amounts stated
of bonds set forth
A' of She.
&-Co.___^^_.__^_._
further
to time;
types of steel, ranging'in quality from the highest gtadCS 'or steel to";
the ordinary commercial graded of carbon' steel" Company considers"
that the distribution of its dollar sales among the various grades of*'
steel-for'the'period of six^ ftionths; ended-Aug; 31, 1946, is reasonably
representative of its peacetime business,
- - •
- •1
- *: ,l
.
"4,000 " The Wtsconsin Company^„" 1,500."
4,000'
Farwell
chapman & Co.— 1,500
CONSOLIDATED
each
bonus
-
No.
...
'«
-
"■
-
& Co.——
ast follows;:
Co.—
Weeden
Lawson,
5,500
-•A;
Other; deductions
A
164, p.
the
A:"-Vc*
Sutro &
.
Company— 4,000
^ross: profit
com¬
the payment to be made on the last pay day before"
similar payment to cover the months of
January and
February 1947 will be made on the last pay day in February of.
that year.
More
than
7,000 employees- of the company located in
various
distributes
EARNINGS FOR 3 AND 9 MONTHS ENDED SEPT. 30;
.
Cost of
-
.
months, of
Islands
1946—3 Mos.—1945
Net
December,
Christmas.
:
5,500 A
♦Based
to
and
7
A '
'
Company..—5,500'
Minority interest
pay
Hawaiian
the
&' Co:___————— 4,000%
Other
To Pay Living Cost Bonus to
Employees—
subsidiary
In
of Shs.:
Schwabacher- &
'
its
manufactures,
for A
production in the Rocky Mountain--area is
more than
adequate to satisfy the refinery's requirements, Serge
fi.
JureneV, Secretary, stated. A
-V
/:
and
1936, by consolidation ■
of America,
Inc. and Company directly or through v
*
Company is-engaged'in the manufacture and sale of a wide variety of
;
Maynard H. Murch & Co
i-
own
company
years.
29,
~
Hill Richards
now
The
of
the
time
BUSINESS—Company was incorporated in New Jersey July 21,
7
—
Ar•
••
'
,
company
Estabrook & Co.i.,—^
William R. Staats Ca."—
charging capacity of the'refinery to approximately
per
foods.
Bateman, Eichler & Co.—— 4.000
»
erection
crude
the-company
-
various parts
Common
cor-
number
a
through
economies
—
■*
.
enlarge
for
sCven
a
Other'
improve the continuity of the company's1 -•
designed to improve manufacturing",
be* mdde-in- the-program,-from
may
or-
operating
predecessor
of
have
is- also
program
First
mtge^ skg» fund bonds,-series due 1966
";
of " 5% cum. conv. pfd. stk; (par $100)~
was
distributes beer, operates a public cold storage wareice, hay, grain and feed.
Ail subsidiaries of the
Curtis
refinery, were announced--on Nov.
9.
The
project
of
catalytic cracking and polymerization units to
Includes
Increase
sells
First? California
paid.
any; to be made by the company
business will net be material/
construction
time to
same
The
corpo-A"
a
will
forms.-
will be greater than its capacity to
Such
excess
finishing capacity is considered*permit the company to produce the various forms '
proportions as may appear desirable from time to'*
and1-effect-operating
-1
are
Shields S£
covering renegotiable sales and
the RFC Price Adjustment Board.
Construction Program Planned—-*
Plans
frozen
for postwar
reserve
of
which
the
stock
Feb.
or
—
Data
with
Inc.,
Creameries
as
processes
Langley & Co
Paine, Webber, Jackson &
»
,Cash and government securities,- including United States Treasury
Gavings Notes, amounted to $21,635,703 on Sept. 30, 1946; and $21,642,'048 on Sept. 30, 1945.
Bank loans and purchase obligations were $12,652,006 on Sept. 30, 1946, which amount was $4,326,829 less than the
total-of these obligations on Sept.
30,
Renegotiation proceedings for the year ended Dec. 31,
1944, were
concluded during
September," 1946, resulting in a net refund to the
«overnment
purchases,
W. O.
'
•
-
.
successor
1931,
1,
business
No.
averaged 94,929 barrels per day in 1946, as against
barrels' daily in 1945;
'
<
' '.
,
~ I
completed during the first nine months of 1946 totaled 308""
same
the
ofr the
Delaware
known *
Kidder, Peabody & Co.—_15,986
Mitchum, Tulyy & Co._„—12,000
Eastman, Dillon &A Co.—
5,500
Hayden, Stone & Co
5,500
Hemphill, Noyes &- Co^i-a*.-.- 5,500-
Wells
Completions for the
Jan.
in
been
in
then
to
or*part
then
"A"7;
production for the
is
America,
wholly owned subsidiaries.
and
and
;
nine months
5>4j402
of
s.^ares of common sjfock, to be• purchased by. each: are
j
•§
first
;.
and
CAPITALIZATION; GIVING EFFECT TO PRESENT FINANCING- A"
"
.
.
in
barrels daily for the same period
Net
650,000 shs»
slabs1,
im those
sold
made to complete the program.
NOneX
650,000 shs, V
;
wholly owned with the-sole* exception of Hawaii Brewing.
Corp., Ltd., in which the company owns a 99.3% interest,
"
"
UNDERWRITERS1-The nambs of the underwriters and the number
■{
1945.
'
tonnage-now
are
to
such
of
its
and
products, consisting' principally of fluid' milk, cream, cheeseXV
other dairy
products, ice cream-and- other frozen confections,,:.1
company
quarter of 1946, including
company's equity in crude oil produced by controlled companies
consolidated, averaged 97,737 barrels per day, compared with 97,of
its
of
Prior
all
organized
was
also produces and
*
the" third
for
business.
which- had
orangeade
taxes"
income
Creameries
as
acquired
subsidiaries
ahd
The quarterly report further states:
crude
30,000 shs..
company to produce ■
strip in 'coils from steel' *
and
tration of production of particular types of steel at particular plamts.
,
,
.
numerous
house,
12,597,779
$2.69
not
are
had
corporation
certain
•operating charges and the amounts collected'in respect thereto are not
included in gross operating income. • The amount of such taxes
paid
<or accrued) during the nine months of 1946 totaled $22,672,333.
•Net
the
of
2,172,212 Drl90,539 S
"3,737,618
12,061,245
$1.41. A
$0.80 A/;;."- $2.58
provision
and
in
business
23,000 :
30,000
"
par)
BUSINESS—Company
known
cream
Company,
845,0i7 A
:<
ice
companies
9,771,089
6,588,104
share.
per
•Includes
•
-
assets
income
Earnings
and
its
deductions
of
sale
9,631,104
124,506
income
Profit
11,141,548
3,684,498
AND
also
poration
7,046,279
11,265,596
8,663,941
4,378,177
5,010,195
_A
income
oper.
($50
—A—j-*—.
steel
advisable.
$2,500,000
the
and
billets
finishing capacity
time, and at the
Changes
on
Oct. 4, 1929; as a holding company for' the purpose
acquiring stock of certain corporations engaged primarily in the milk
85,124,639
83,182,697
2,246,588
stock'
par)
;
;
ganized
-
and
surrendered leaseholds
Net
28,711,268
($1
of
1
-•
$2,500,000
i..
-
the
enable
sheets
,
ration,
'
-\
-
—
blooms,
ingots:
steel
advisable in order
operations:
Outstanding
rolled
of
program
company's
produce
.v -
PRESENT FINANCING
TO
1
preferred
stock
HISTORY
>
39,020.471 112,619,290 113,207,603
41,931,321
and
oper.
GIVING EFFECT
th£
^
.
will
cold
of
excess
the
practices
receivable.
and. accounts
1960i>——-
Cumulative
.1946—9 Mos.—1945
1946—3 Mos.—1945
additional
of
purchase
Promissory -.note—-
.
Common
-
the
15-year-3% sinking-fund debentures;due"
•
to. approximately:
164, p. 1717<
1946' amounted
cash.—V.
30,
for
'Authorized
' >
>
1
/.
.
.
represented
$837,000
and
inventories
in
creases
$0.66
the three months ended Sept.' 30,
period of $168,080 before provision
.
at
which
that
for
•
,
♦$300,231
$57,734
and $900,000 will be applied to the payment of
;
company
for income taxes.
156,027
520,000
_
-——
—
of
$976,259
.
A".' A'"?
operations
Net
income
on
—
*PrOfit.
The
-
__
period
per
$91,805
149,539
TotalJ income—
Provision
plants
in
of
Midland
at
and
the'form
designed to expand- and improve the com¬
pany's capacity for the production of bars and other forms of finished--,
steel.
The company's capacity to produce steel ingots is now1 greater
•
than its capacity to finish steel.
After the completion of the program"
-
machinery and
outstanding
bank loans, the proceeds of which were used to provide for increased
accounts receivable and
inventories resulting from an expanded
vol¬
ume
of business and for plant additions and
betterments.
The re¬
mainder of the proceeds will be used for additional working, capital
required by reason of the expansion in plants and facilities and in¬
company's
in
capacity
mills
sheets
sold
parts
the proceeds
equipment,
—-—.—.—
rolled
now
'
'
.
sheet
new
hot
Calif.,
Registrar: Metropolitan Trust'Company of
"
-
The
,
Bank of America National Trust and Savings Asso¬
ciation, LoS Angeles.
Los
•
>
The program is designed to effect further integration of the com-*"
pany's operations and to make a substantially larger proportion of its
output available for; sale in-more diversified forms of finished steels.
will
•
'•
is
used
be
X
''
to
A'""'.,A
.
,
•'
^
flu-
v».fi
\
t
ytf
r;
THE COMMERCIAL & FINANCIAL CHRONICLE
yoliime 164" Number 4543
Dayton (Ohio) Power & Light Cp.—I?xpansion
It
announced
was
has
istration
investment of $701,000 in pulpwood and logging operations inventory as
compared with Sept. 30, 1945.
Increases in raw. material costs end a
inventory of fuel oil 'are responsible for the Increased in¬
vestment of $349,000 in other inventories.
With. some, exceptions, the
\
—
Oct. 30 that the Civilian. Production Admin¬
the construction • by this company of a power
on
approved
plant to cost approximately $3,019,540.—V.164, p.; 2285.
,■
yyy
increases
in
Earnings—
Denver Tramway Corp. (& Subs.)
Sept. 30—
1946
1945,'
9 M03. End.
'Taxes, other than Fed.'"'
•;• income-.—.-.—--—.—*; •> //■ 338,109
313,480
k'
;
™™.;—:
™™
Net oper; income iw,
Other income _**_*_*—
Interest
Fed.
Net income
•
-
«
*The
above
is
arrived
■
•
'y
result
of
losses
incurred
•
in
sion and
J;
the
tested.
is
Such
proposed additional
believed
that
■
of
-
the
service
companies
profit
$7,598,579
in
group
.6,468,948
its petition
states that .it seeks to correct conditions
,
$1,355,4237 $lyl29,631
630,573
532,325
$724,850
$597,306
/
expenses..™,
Ebasco
.
f
,
',
Interest
from
operations.^
•,
on
long-ternj debt_^.
.Miscellaneous deductions i7---.---.--Ji.—71
1
Balance
Profit
before
,
20,423
'
companies
American
former
70,313
4,490
of
Power
&
Ebasco Services Inc., which are subsidiaries of
Light Corp., Electric Power & Light Corp. and of
as compared with the correspond¬
National Power & Light Co.,
ing week during 1945, were as follows (in thousands of kilowatt-hours) :.
:777-777v:'- ■•?;/.:•./'■''/ ;//v.. : 7" ■■77'
Operating Subsidiaries of—
1946
,1945
■7/7/;.'
1'
Miscellaneous .(income,
Distribution^-
64,940
.
-^Weekiy Input—
Services Inc
For the week ended Nov. 7, 1946, the System inputs of client oper-
"
.atir.g.
Profit
$522,503
$639,495
7
104,457
64,058.
,
'American Power & Light Co.™™
Electric Power & Light Corp.
Federal taxes
on income-.$743,942
The directors have declared a distribution of 20 cents per share for
$586,561
Provision for Federal taxes on
the quarterly period ending Dec, 31, 1946, and an extra distribution
;income_i^l_^^. 77 256,000
219,000
of 30 cents' per share, both payable Dec. 31 to stockholders of record
■I Dee. 14.
Distributions, of. 20 cents each were made on June 29< and
;^Net7prdfit7^l7-,7l_^-7^--^l--,-^^lL777:<r7' $487,942:/. $367,561
/ Balance at beginning ot period
; t Sept. 30, this year, following distribution on May 7, 1946, of • a 100%
2,528,862 72,254,997 7
Adjustment', of ' prior- years' tax-accruals
stock distribution.
A cash distribution of 30 cents per share was made
7-'-"
—
80,000
Miscellaneous adjustment
r on
the old stock Which in 1945 received a total of $1.25 per share.—/•
"" 3,944 '■
*
Former National Pwr. &Tt.
54,272
¥ Total:
Di Giorgio Fruit Corp.—Exchange Offer
The
Extended—
Co.*
104,806
extended
Oct.
from
/Earnings;-per.
'
vidend Declared
/The
directors
Increased Shares—
;
record
of
Nov.
will
20
approved
:
receive
additional
one
share
each
for
on
Dec.
received
dividends
10; 1946, and 30 cents
*
In-1945.—V. 160,
/
share will
a
to stockholders of
16
old stock
6.
March
on
and
11
June
•/
10, 1946.' A total of 70 cents was paid
Sept.
on
tFunds
v':
?•
•■
-.-V
/v'/'
reserved
Bullion
Provj.
' $4,060,096
production
and
oper.
■:
;
.,
/
for taxes, est,™*
explor. expense
for
>
$3,973,798
1,687,930
749,036
1,649,856
?;■-
603,976
883,437
76,000
48,000
.13,833'
18,120
27,006
62,622
t $1,122,845
61,197,564
$1,447,210
443,078
465,413
> 666,896
$1,714,523
474,059
$1,565,924
$1,662,977
$2,114,106
$1.09
27,000
Miscellaneous? earningsNet
profit,
.'Earnings.:,
.
etc.
per
;
-
,
—
$0.80 ^
share™L;
capital
♦On 1,946,668 shares of
y $0.85
,
Dow Chemical Co. (& Subs.)Quarters Ended Aug; 31—,% y
.
,,.
V
income
'•
1946
Net income before taxes-
Federal
Federal
"
.
$5,901,096
taxes-—-
taxes
Net
profit
i
$3,607,303
.—
.
Earnings per
common share**™**.™
The company further announced:
cNo dividends were received front?
:
v
3hare)™_™
4,—-,
-
,7
'■
—
'ivvy- v-v-^5'■
/
NOTE-r-For
250,000
order.
31,004
3,394,390
'
•
——
. •
associated^^ 0on^nies; during -tbis;
tlnvested
notes,
86,838
,
-
-
V,,,.,:,.
/-■ -V t
-4,253 '
Net income
—1
$29,989
23,660
.
.•
1
„$1,095
$6,329
1946
-
1944
.
301,901
Earnings
all charegs,
share
common
per
Supply
Co.—Earnings—New
Gross
;
.r
Total
.Net earnings after
■
&
Sept." 30, 1946—
Period Ended
■
,Y..
Metals
/
v
?
,
:
incl. taxes—— "
———
,
3 Months
.
■-
9 Months
'
r...
V:,.y
|>
Total
$102,328 •$75,019
+ 47,543 / '*■ 7 47,479
-
Balance
/
$272,336 7 " $757,217
■; •.'/•. $0.56 '
$1.55
'
$79,57f
.
subsidiary deductions™^---*!,
v..:"...
" "
$32,035
/
23,6lL
parent CO. deductions--™™™
/
23,660
Net
$1,289,085.
-
Qt]her income (net)™™
:
23,538'
.- •/
revenues
587.
,1
F.
Ducommun
vacancy created
'officers elected
E.
•
by the
and
of
been
elected
C.
...
-
Manager;
and
Elmer
Wall,
Balance
Interest
$1,289,672
260,412
-
1946 " /'
provision- of " $163,100.' for "Federal
:
;7
Period Ended Sept. 30,1946-—
1945
"
1944
•
$2,273,893
>
V
:
•
$0^6' 7
;
/
-t
77,923
;
income^ taxes.—V.
7-7^;;,
mon
$0.35
7164,;
i/Vv."-/
per
share
on
320,000 shrs.i
stock outstanding..
of
3 Months
/7
$347^37 ♦$l,439r764 %
of com-
™*-™__™_*-^*-™**
.1
9 Months; /
and
amort.
.
.
bwt>
...
■
v
'
t$1.17
.
,
1
$1,758,718 $15,955,131 $23,926,129
.
v
$4.50
'Fed.'normal"tax
-r
(est.)-
Net: profits
7
'Including -provision,
$666.247r
254,000
-
"fEarns. per com.' share.
■
.
•
than/the figure for the?second
,
for
,
$4i2,247
v
•
•
.162,000
$133,902-
$1.08
-excess
$1,021,788
392,000
$629,?88
$0.35
.
profits
;
$0.81
on
381.562
/
Mav/ 1946.—*
"
.
:
v/
.-//
- -■.
two. -more
annealing furnaces and»a caustic pickling unit, capacity
been increased by 50%
during; the year. The number ; o<
"employees has: doubled" during the last 12 months, to a present total
.
/Will have
i
' Eastern Corp.—Earnings; etc.—*' 7-
;
'--77;'''
"
Clyde B. Morgan, President, on Oct. 18 said in part: '7.7.//77; 77 «
The net working capital at Sept.
30, 1946, amounted to $3,831,848,
van increase of $276,305 since Jan, 1.7: 7
/ •
.
; :
>
The company has been able to acquire and has
operated 20,000 more
.
%
wcords
wood
tional
of
at the
mills have
pulpwood,
Increased
more
than
together with rising costs,
Inventories
18,500 cords.
resulted
in
of. pulo-
This addi¬
an-increased
1,700.
'
Net
sales for the nine
'/■' ■ r
months ended Sept; 30 amounted- to
-
142, The- corporation's present backlog of
•
,
$16,187,*
unfilled orders- amounts to
$17,000,000,
:
7
•
v1
/
*
/
John M; Cui'ley, Chairman of the boards states that because of
market conditions, the management' has, decided not: to proceed at thiss
time with the previously contemplated issue of an additional 64,000
shares of stock.—V. 164, p. 1081.
7
.7..
more-than
.
pulpwood as compared with last* year.
of. more- than
2,042,856
" 13,243
' 1'
2,102,809
™
'
1,007 *
•
-1,631
22,046/
.
*$9,611,465*$14,432,374
$824,937 ♦$1,082,573
excluding, pfo rata amount of tax
*
;
™™™™—i*
9,194,078
12,050,728
1,106,308
reductions in Federal income
which are not offset by special charges
4,990,305
Cr2,230
8,090,000
2,119,092^;
Crl 1,896
7,072,316
2,119,092
,
...
•
$5,970,908
Total'■
$4,953,224
shares-™*.——
$3.13
$2.53
*
Including $163;961 in September, 1945, $417,387 for 12 months1 of
1946 and $2,381,649 for 12. months o-f '1945 pro. rata amount of^ta*
reductions resulting from the sale of transportation property in 1945
and in, 1944 in excess of related book loss; /-.
: •
": '
tspecial charges of (1) $750,889 (1945, $2,437,535), represent pro
rata amount of those portions of premiums and expenses , on redemp^
tion of bonds which are equivalent to resulting reduction m Federal
income taxes, and (2) $854,6'/9 in 1945, represent prorata amount of
book -loss on sale Of transportation property In 1944 which, because of
write-downs in prior years is less than the pro rata reduction to
Federal'taxes resulting from such sale/
,
•
;
tlnclude, in
addition ■ to the $417,387 (prior period, $2,381,649>,
referred to above.; amounts which result from deductions* itt excess
of depreciation at Usual rates, allowable for tax purposes as amorMaa^
tiorn of emergency: facilities but not recognized in the accounts: sine#
such facilities •'are expected to be employed throughout their normal
life-and not to replace existing facilities.
.
;
V
§Before giving effect to tax reductions resulting from amortization,
of emergency facilities and excluding $417,387 (prior period, $2,381,649*.
pro rata amount of tax reductions resulting from sale of transportation
property in excess of book loss.—V. 164, p. 2017.
Per share, basad on 1,909,968
•
/
r/During the- third quarter ..the corporation started full production oii
a;new- 48-inch four-high
mill and added, other- new equipment in¬
cluding two specia Ilyrdesigned muffletype annealing furnaces, a hot
miU-finishing V unit and. seven sheet polishing "machines. With addi¬
tional hew equipment td be installed before the end, of l946, including
; $369,07i
$1.65
taxes.- iBased
shares* now-^ outstanding.- Stocks was-split- 2rfor^l'- hi"
163, p. 2723.
■
"V.
quarter.
taxes
c.
Big Expansion program Being Completed This Year—?
Financing Postponed— " '
7 :
/
"
/ 1
./v/
283,000
.
t?,292,214
1750,889
170,238
Applicable to common stock of parent company;
7
$582,671
v
190,202
Adjustment for minority interests™*.*™*.—*
§Earnings
**.™**™-*™/
Dividends on pfd. stock ol' parent, company
1946—9 Mos.—1945
$295,902.
^
33,077
170,238
/ ; /
;
income™
income,
reduction
,
'^olidated net income for the three months ended Sept; 30 was lower
194fr=—3 Mos.—1945•
9,258
f?rl95,308
Url4,607
$1,744,111 $15,759,922 $23,935,387
299,466
3,341,368:
4,085,942
J Extraordinary
.
/ ,.' ♦Includes profits, of $162,843 on the sale1 of Eastern Stainless Steel
stock by Industrial Steels, Inc.; which is now? a wholly-owned sub*,
sidiai-y.. No jcoraparable* figures are available for the same period of
last year because the corporation did1 not. acquire Industrial Steelsf,
Inc., until. August,. 1945: tCompares with $2.77. for the second quartet
and, SO. cents fot the: first quarter.. As a? result of temporary operating
:' problems caused/; by rapid expansion during the third. quarter^ coirt
Cigar Corp.- -Earnings—■
Period End. Sept.30—
charges™***™
requirements
subs.
Net
Net
/;
.
,Net profit, after,charges
•
(& Subs.) —Earnings-—
,
Net income after all' charges, including provision for. Fed- -and State income taxes-*-
$2,454,959
79,980
-
•
•
"
*
div.
Pfd.
Applic/ to minority int.
Eastern Stainless Steel Corp.
and
:
$2,935,454
profits^ after- taxes.
* 176,840
Earnings per/ishare.- —.v //'-. v $0.79
■
Secretary
Special
""$31,188*' $4,01'?
.7; $8,424
;//~Y»..|64,v p.. v933./.;.7.;:::f/;7v7. ■;&, 77:j777;:7/7/^//:,;7^
" v
Net
2285>.
r; 'mt':income77:-l-7™™,7-^™.;'^
//-Earnings
Corp;—Earnings^
Fiscal Years Ended July 31—
y *Aftet
the
Other
Wayne Rising, was also elected a director.—V.
' V/v.-7v?-7- • ■./■;. / -:/v/,/■•
vv-7w; •«
Net sales
*
fill
to
Ducommun.
W.
General
,164, p. 1868.
;
President
the late Emil
Lohn, Executive Vice-President; Charles
Vioe-Presldent and Treasurer; Wayne Rising, Vice-
^Assistant Treasurer,
Duro Test
A.
are:
Ducommun,
President
has
death
2,152,470
5,377,216
;
^
'
Edmond
>
5,188,929
5,117,260
v73,914.
542,081 / /, 138,886
427,023 >:
431,984
reducts.
taxes™—
oper.
891,575
^'-•■/ /
■
,
■
$27,556
$54,848
•
-"•
74,540
'
'.47,463 '
-
-
extraord.
ter
Other
'
; '•
.
,
.
26,178,208
4,527,736
5,098,550
'/. ■;
886,977
25,301,669
4,386,696
.4,810,721
2,012,653
320,288
389,172
2,228,496
407,781
.
.
1945,—V. 163, p. 3416. 7■
1946—Month—1945
1946—12 Mos.—1945
$5,270,909 $5,125,617 $61,651,984 $68,147,285
-
-
Depreciation
Amort, of plant acqui- •'
sition adjustments/.™
Federal income taxes af-
,
Ducommun
revenue
Maintenance
..
:
dividend for the year of
shares of capital: stock outstanding, ;
Oct. 31 declared a final
Period-End. Sept. 30—
Operation
/
™r
directors on
•Operating
-™—————™*—,
-
Dividend of 75 Cents—
Electrolux Corp.—Final
Engineers Public Service Co., Inc. (& Sub&)—Earns.—
v
SEPT. 30
1945
'
interest. Payment will be made at the State Street
7, 1946, and on Jan, 30 and Sept. 5,
$435,253 77 $374,069;; • $334/2547
Operation'
7 230,681 >
154,733.
151,413
Maintenance
/
18,053
:
10,107 / 12,721
Depreciation
44,754
• 43,528
7
42,851
General taxes
i-7™.
38,778
'
33,971 /;/."31/248
State, and-Federal-income taxes*-u—
23.410, 29,400
.21,000
(incl.; other .income)™-,/
the
1970,
Dec. 16 to holders of record Nov. 12. This compares witht
50 cents paid on Aug. 2, last, and 25 cents each on Feb. 11 and'May
$2,75T4
'
QUARTERS END.
possible* ■/ ■/
payable
$26,292
23,538
<
as
75 cents per share on the '1,237,500
.,■■,,,•/./ ;
$24,706
23,611
INCOME ACCOUNT,
.
,
Grossv rev,
.
.President—
1,
The
s
13,661
11,569
/:
.
;
61,353
,
.
5,620. ':
2,993
14,267 /7V; 13,904
712,962
r
12,231
/
CONSOLIDATED
1946, has not been computed.—V. 164,
.......
67,743
-
5
;
are
companies
outstanding first mortgage 3V4% bonds, series A, duo
have been called for redemption on-Dec. 12, 1946, at
Trust Co.,
corporate trustee, State and Congress Sts., Boston, Mass.
/
Holders may present their bonds or payment at any time arid re¬
ceive tjie full redemption price, including interest accrued to Dec,; 12.
1946.—LV» 164, p. 2285.,
of
All
r
to-portal wages plus certain veteran benefits, of. approximately $4,650,
000 before tax adjustments.
The effect on the company's1 earnings for
reason*' it is
not' always
always as near alphabetical'
in exact alphabetical-
mechanical
arrange,
S El Paso Electrie Co; (Texas)—Calls 3% % Bonds^—
in
Nov,
Net earnings4—i™-,.-™™-.
;
v
■■■
.
4':
be increased approximately $1,200,000 a year for
portal-to-portal wages.
also-provides for payment, for the past six years port al¬
p. 2407,
■//!''
PQNDENSED MCpME;ACCOUNT/(COMPANYDNLY)77V7, -7
Quarter End.' Sept. 'SO^:
"l946
1945:
1944 .1
^
-J$144,3931
$126,862
$117,1307
;
to
and' the introduction,
kitchen tools
and
he explained.—V. 164; p. 2285,
However, they
possible
position
1
/TTotal/dedUctioha,
4 The agreement
the three months ended Aug. 31,
>
Treasury
Depreciation
f
housewares
new, post-war products,"
2,309,000
■
.—■■*■'*/V„.u/-: 7$12,214,476 $11,594,655
;Maintenance"
/ ■ .$1.57
the
114,199
of
lines; of
2,502,838
$2,273,966
vie/$2.64/
t
" '
acquisition; of additional manufacpermitted expanded production of es¬
operations and
which have
facilities
tablished
Eastern Minnesota Power Corp.—Earnings—
The company and the? Midland Union have Just agreed that, retro¬
active back to Sept. 9, 1946, wage payments, at the Midland plant will
V?
100,324
peacetime
taring
2,526,833
per
deducting $310,000- of U. S;
U. Sw Treasury noces.—V.
163, p, 2992,
1,719,877
v
combined
"The biggest factor in this year's increased, earnings has been our
production record which during the last nine months was t'he highest
our 58-year
htstory; resulting principally from, rapid,-reconversioije.
$397,899
7/ / *605
'
67,887
321,000
,/ Taxes/
'
c
68,349
income
on
//•Gross earnings
;; -Operation
•
$0.7t
stock after giving*
7
;.
$581,i70
^After
$3,933,843
2]293^793
_*™
1945
$3.13
Keating/ Chairman, pointed out: "Several Important factow
to produce the notable increase in earnings this year.
at this time the company was still involved in* the term¬
$5,700,000 in war contracts and reconversion was just
beginning.
to
"''
,
3,417,470
2,503,752
:
f
Earnings—
$678,563,
$2,587,329
$0.19
year
ination
of
'
"
y
-
j-_-7_;™
■'.7 Total
'
$190,541
$1.22
share
*On present outstanding 787,500 shares of common
to split-up on a 2-for-l "basis in Sept., 1946.
108 and
stock.—V. 164, p. 2015.
$1,002,272
™*™**j**
per.
Arthur
,
.surplus-.—WH-^-.™^-™—2,811,756
Earned
82,081
taxes
7-
1944^9 Mos.—1945
1946—3 Mos.—1945
charges
Last
189,318
1,973,500
5.277,727,.
,
•
have
$12,214,476 $11,594,655
;
Common stock (par value $10
Capital surplus
$1.12
-i
after
effect
$2,188,581
deprec
profit
7
1,73,675
1,298,000
5,840,110
Oct. 1, 1959™
2,137,000 •
inventory price decline
250,000 ?
^~^^7;7' *753,655/'
:.//
r
1,505,794
Gtber?:resems:^^^n--^U-&-.
■
'vj
C' Operating
2,206;838
purposes—.—
and
7
126,500
First: mortgage 3%%- bonds due
Res. for possible future
$4,356,897
1,756,009
•; 582^755
Outside
Reserved
construction
inc.
.♦Earnings
1945
i.-™
Dividends payable on common stock
i,
Other accrued liabilities^.-—7
$3,623,669
' 2,264,662
costs
1943
1944 vv
.7
'
$697,792
7,-™,,„-7_,
for
Accounts payable
^
-*i/™™*.
general
-
1945
.
.
:in
Accrued
1946
?,-7:;/:;/,:7/,7:./.;/;/:
Period End/Sept; 30—
,
% 973,757 7 7 838,710
1,334,130
985,314
reserves
7/.liabilities—
iy:
Earnings-^
9 Mos. End. Sept. 30—
$4,427,009 $53,054,383 $42,928,975-.
Ekco Products Co. (& Subs.)—Earnings—r
-77?
Net
i $387/966
.
Total
-
"
"Development,
Subsidiary)
/Plant,/ property and timberlands (less reserves)
on
each
cents
25
com¬
any
1946—10 Mos.—1945
1946—Month—1945"
$5,541,676
—V. 164, p. 2408.
•
1946
/Miseellaneous- assetB
1
,
the increased stock
Prior to the split-up the
be paid
record Deo.
of
p.j 1293./
Dome Mines, Ltd.
»
Canadian
.
(except pulpwood)—
Pulpwood and logging operations—
share
■
A dividend of 15 cents
:
$1.43
Inventories
a
held.
;
-1'
Receivables—less
two-for-one stock split which
will increase outstanding shares from 301,622 to 603,244. Stockholders
29
Period End. Oct. 31—
Sales ™_—:--:.-*-**-
203,663
/
balance;sheet, sept,' 3o
Cash lit banks and ori.hand™77--;l^,w„^,„
"U. S. Treasury notes;.-
Co.—Split-Up Voted—15-Cent Di-
on
Oct.
on
sharei^i-.,^.,™——,
(Including
ASSETS—
*
-
common
^ '
„
Mfg.
$2,502,839
// $1.08
■.
Edison Bros. Stores, Inc.—October Sales Up 25.2%—.
•:
'1
$^,706,502 '
$2,811-, 756
stock-—,,--™™,™1
period-!
7 consolidated
i
Doernbecher
common
.Balance at end of
to
31
on
%
17.4
5.0
14.2,
'
Nov. 30 the time
old $3 participating preferred stock for new
stock. The exchange is on the basis of one
class B share for each share of old preferred
corporation has
v limit
for exchange of
-••preferred and Class 3
new preferred and one
stock.—V, 164, p. 1591.
$3,016,804''
,205.048,:
•
Dividends-
51,697
91,780
.
29,637
2,575
.13,026
The above figures do nob include the System, inputs of
panies not appearing in both periods,—V. 164, p, 2407.
-
,
170,774
7
.
p. 1591.
—Increase—
Amt.
200,411
.
v
V. 164,
the ono
on
the other hand.
on
•.whloh", am alleged to be a burden and a financial injustice to conavertible shareholders, including maldistribution of assets and earnings*
V. 164, p. 1868.
:/,■/..
,1945
/
$8,541,130
7 7,185,707
contracts between EUA and its subsidiaries
handi and Stone & Webster Service Corp. and other Stone & Webster
.
The
>/;*•:■ / 1946
goods
;
^
Detroit International Bridge Cot—Extra
exten-
requests for SEC action is made by the shareholder*'
.
30
•
Selling, shipping and general
•
*
.
of
Gross
all income taxes, including disputed and
*as yet undetermined items, "for the years 1940 through Sept. 30, 1946,
inclusive, which may finally be determined to be legally due, have ;
been provided for currently in the accounts.—V. 164, p. 1718.
/yy
It*
Sept. 30—
sales
Cost
been pro-
taxeshave
income
to holders of record
was issued by the company during'this
in the accompanying balance sheet.
is reflected
14
Whether Stone &
Webster
groups
substantially own or control
.directly or indirectly 10%- or more of the EUA voting securities out.standing and if these groups should not be required to* register as a
holding company; and the extent to which the corporate structure or
.ownership of EUA and its affiliates may be simplified, unnecessary
complexities eliminated, voting power fairly and equitably distributed
.among "security holders and the property and business confined to
those necessary
or appropriate to the operations of an
integrated
public utility system.
The group also asks the SEC to look Into the terms and conditions
Oct.
on
of
I
7
redemption
total
'
taxes of approximately $447,000 are proposed by *
additional income
for
SEPT.
1.939. Federal income tax returns for the years 1940, 1941'
1942
have- been
examined
by the Treasury Department
and
tho examiner.
4
,7 •;
,
called
9 Months Ended
Net
year
and
f
-
.
CONSOLIDATED INCOME ACCOUNT FOR NINE MONTHS ENDED
v
r-: .y,
NOTE—Federal
income
taxes, including; disputed items Involving
depreciation, have been settled with the Treasury Department through
*
*
declared Sept. 25,. payable Nov, 4
.
^shares of common stock
income as shown
of $400,000 for 1945,
the fourth quarter, by
on
etc. '
of sale of property,
•
$891,643
$874,960
$1,560,045
was
company
A
.group, which is headed by Roger W. Babson, investment adviser.
7- Chief among the actions petitioned for are that the SEC institute
and investigation to determine:
•
7
1, 1946, through the
sinking fund, $172,000 of first mortgage 3%% bonds,
The Sept.,30,
1946 balance sheet has given effect,to this transaction.
: /
.■:. 7;
The stock exchange plan which terminated Nov.
30, 1945, was re¬
opened and extended by the court to Sept. 1", 1946.
A total of 414
768,500
766,000
Federal and State taxes
basis? or the' annual provision
stock
The
-
146,488
.
v.'
$735,418
mon
'.yOct, .18, 1946.
$1,806,637
109,331-
'
*330,000
tor
a
;
■
88,480
/
582,000
™™-
,
as
$1,802,670
.3,966
$1,750,291
management.
7
is
amount
$573,000 expended on major
projects from/funds set aside for that purpose. At Sept. 30, more than
$1,400,000' of approved projects remain to be completed;
Shortages
>and delivery delays of' essential material and equipment' continue to
retard the completion of several major jobs.
7 The regular quarterly dividend of 20 cents per share on the com¬
268,244
41,396
™—***
the
on
at
315,897
;.
this
.
519;239
j
State
&
provision
f reason
514,475
;$1,978,525
$1,358,814
bonds *i*™
on:
for
taxes on inc.
.
,
2,674,820
cash in operating inventories.
7
total of $845,000 on construction projects
a
of stockholders, has
tion's assets. It
of
has spent
Included in
1.
committee
asked the Securities and Exchango
Commission''to investigate the advisability of
distributing the Assooia~
also asked the Commission to end control of EUA
by
/What the Committee alleges to be a
minority group: aligned with the
have
further amounts
The company
/since Jan.
Associates—Holders Ask SEC Views
Distribution of Assets—
A
insure continued
invest
to
-
$1,739,565
$1,965,410
,.
13,115 y ^ 10,726
/
.
income '.™
Total
ProViv
$1,341,543
17,271
'
-
;;
1943
Eastern Utilities
on
almost reached our maximum requirecapacity operations so that, barring further
increases in the cost of our raw materials, it should not be necessary
$4,923,191
2,333,036
$5,244,557
$5,567,730
2,760,524
y 528,315
**™:
*
'•
1944
v,
$5,330,364
5,127,126
523,586
Oper. .revenue
Oper. expenses
-Depreciation
inventories
2543
1
.'substantial
ments to
J
;
*
-
'
.
,
■
1
M
2544
[THE COMMERCIAL & FINANCIAL CHRONICLE
Espey Manufacturing Co.—Stock Offered—B. G. Can¬
tor & Co., New
York, on Nov. 13 offered 59,500 shares
of common stock
(par $1) at $5 per share. These shares
are offered as a
speculation.
Transfer
agent,
Continental
Bank
Trust Co.
&
trar, Corn Exchange Bank Trust Co. of
HISTORY AND
of
New
York.
of
cabinets
From
The
Regis¬
pany
specialized
inception in
the
in
1928
radio
receivers
brand
radios
are
manufacture
of
and
those
any type
own.trade name,
J//
certain
radio
tracts
for
the
It
meters
wave
The
mine
detectors.
-
the
the
company
in
was
made for the
and
Shortly after V-J Day the company received cancellations
and
thereupon proceeded to convert its facilities
r
-
•
colored
and
the
a
expected to be installed
about Jan.
machinery
increase
corresponding
will
1,
1945,
of
its
to
*40,000
that
and
in
stock
(par $1)
funds
will
be
added
to
Authorized,
i_i
of
stock
sold.
and
C.
K.
sales'
profit
sales."
on
STOCK PURCHASE
of
ance
•
WARRANTS—Company has
authorized
the
"
the
to
which
its
of
underwriter
22,500
21
officers,
warrants
employees
and
the
diiectors
or
others
or
^
M.
James
formed
Fairchild
S.
Ogsbury
Fairchild
6 Mos. End.
by
3,738
Inc.,
and
extension
an
Cost of
Total
■
>
v i
goods
oper.
* ' !.
;
698,565
Prov.
/
profit
ket.
The
plant
well
and
$130,663
*$34,135
$181,393
of
in
17,269
first
$15,426
131,298
$32,824
Chairman
director
a
Burlington,
Ogsbury
manufacture
is
is also
Camera
.,7.2
Total
•
.
•£
4
,
in
of
the
board,
A. Plan /or the acquisition by this
of
business
bchick
the
cording
board
to
of
common
the
plan
the
Eversharp
declared
of
of
an
cents.
of
30
record
The
cents
also
Eversharp
Dec.
for
Operating
'
J
of
the
newlywholly-owned
the same posts
Vt.,
field
a
not
«77 1946
extra
before
engaged
♦-
/
will
not
share
a
than
of
Magazine
of
interest
in
an
the
cents
20
Jan.
was
cents
was
Dec.
15,
paid
for
Oct.
dividend
16
to
and
divs.
that
"
$520,761
$466,051
46,875
46,868
Cr212
Cr2l2
Cr212
675
520
450
$537,852
$473,579
$418,945
*
K.
of
stock
common
Agent—The
Jersey City, N. J.
of
The
Appointed—
y;18
Eversharp
sales, Mr.
and
2152/
p.
operations
Robbins
HISTORY AND
to
acquire
Printing
started
the
Co.,
with
to
grown
its
mortgages
and
good
no
a
or
value
will
of
partnership
paid
present
liens on
has
the
are
Trust
"
business
partnership
Co.,
■// /;
was
15
,
Exchange
//
corporation's
set
business.
retaining
up
The
their
on
the
plant,
books
1946
founders
full
and
interest
expanded
There
property
for
the
owners
in
the
in
of
and
are
no
equipment
or
trade
name
the
business.
of
record
$234,132,382,
reported
sales
were
$136,997
$0.55
sales
and
and
39%
it
or
former
This
increase
an
noted
that
than in the
more
same
was
in
in
>,
-
period
.
$2.16
a
The
present
per
year
half
year
a
fiscal
of
the
earlier.
year
report/' includes
Houston,
*
Tex.,
unit
five
months
No.
-;V ^
-
,
preferred
last year.
with
2-for-l
split
Foley
for the
full
in
of
1945,
profits
"Our
"We
States
meet
stores
Mr.
the
are
enjoying
already
which
we
covered
the
"Substantial
surveyed
may
requirements of
indebtedness
was
it
rates
was
were
by the
$3.70
Aug.
on
year
1,
our
expansion
reduced
noted,
in
for the
absorbed
effect
first
56.8%
of
during the first
sales In their
Increases continue.
are
January,
1936.
At
year
except Bloomingdale
end,
studying
acquire
the
of
stock,
payable
and
1945.
§After
deducting
tax
1946 and $12,512,242 a$
20
to
holders
of
record
Nov.
5.
per com.
stores in
Nov.
were
Oct, 6, '45
2,937,535
;
747,343
$1.88
$1.97
89
share-
89
oper. _
Oct. 2, *43
Oct. 7, '44
$33,062,278 $31,694,69®
$75,303,092 $43,016,102
the directors declared
8,
414,809
397,308
$0.96
$Q.9X
•
"r
7
income taxes.—V. 164, p. 826.
Dividend
gross
a
Mexican dividend tax,
on
(George A.) Fuller Co.—Redemption Agent—
The
and
convertible preferred stock, par $100,
recently called for redemption as of Nov. 1, 1946, at par
are being redeemed at the City Bank Farmers Trust
outstanding shares of 4%
which
were
dividends,
Co./ 22 William St., New York, N. Y.—V.
164, p. 1720.
_
^
Gar Wood Industries; Inc.—Form of. Certificate—
The New York Stock
4Vjs%
more
&
Exchange
on Nov,
than
Straus,
12 directed that deliveries of
cumulative convertible preferred stock, up to and including Nov.
1946,
be
may
either with temporary certificates or wita
that beginning Nov. 27, 1946, only permanent
made
permanent certificates;
certificates shall be a delivery.—V.
164,
EARNINGS FOR NINE MONTHS
that
Sales of bldg.
Abraham
Inc.—Earnings—
p.
2286.
1
.
,
,
re¬
policy."
subsidiaries
Inc.,
Nov.
Oct. 5, '46
,
-
share, less 8%
United
properties
was
all
in
at Aug. 3,
-General Builders Supply Corp.
in
areas
store
history,"
reported at the year end.
by $1,838,500.
:
Bros.,
share)
per
dividend of 54% cents
the common stock, payable
Dec. 20 to holders of record Nov. 29. On June 25, last, a distribution
of 27'/4 cents, less 8%
Mexican dividend tax, was paid. Dividends in
1945 totaled 43% cents, less 8% Mexican dividend tax.—V. .163, p., 1158.
1946).
Long/
Minority interests in subsidiary companies were reduced by $5,062,624
during the year to $2,235,567. This compares with $17,000,000 in
owned
common
__
On
Federated's
Brothers,
largest
and
1946 and $305,687 in 1945.
fAfter
$233,685 in 1945.. ^Represented, by
per share)
in 1946 and 1,039,53®
compared
as
report.
advantageously
Working capital of $46,266,066
term
$10
$5
(The) Fresniilo Co.-—Declares 54V2-Cent
,
26
taxes,
wartime
year
Lazarus.
have
in
as
the
and
value
•After all charges and provision for
period
and
to
operations
acquired
excess
of
value
Profit
year,
time..
' v':/;
Income and
15,128,632.
Oct.
on
previous
interests
were
the
116,25®
10,395,36®
12,246,631
Payments previously made on this issue during the current year were
as follows: Jan, 21 and April 20. 50 cents each; July 20, 75 cefats; and
Oct. 21, $1.
The company in 1945 paid a total of $2.50 per share In dividends
on the common stock.
. The usual quarterly dividend
of $1.12% per share on the 4V4%
series preferred stock was also declared, payable Dec. 1 to holders of
record Nov. 15.—V. 164, p. 1719.
$764,562
Report-^
the
last
share
common
(giving effect
ago
1946
(stated
SaIes
275,000
compared to $5,581,755
Earnings
37,508
*
7,298,191
12,061,00®
$94.424.985 $85.846.729
$3.10
disclosed
the
profit after taxes but before minority
dividend requirements was $9,645,587
■
the
on
•
over
the
'
The directors on Oct. 17 declared an extra dividend of $1 per share
;
Earns,
.
$3.37
.
earnings
25%
of
*396,078
.
''
•
$830,929
President,
Net
ported
organized Aug. 28,
and properties of the Fabien Textile
established
in
1939.
The
partnership
capital of $20,000 and has
position entirely from profits.
the
had
earnings before taxes
Place.
.
in
been
'
Aug. 3, 1946, Fred Lazarus, Jr„
the annual report to stockholders.
were
in
(N.J.)—Stock Offered
Nov. 8 offered 32,000
BUSINESS—Corporation
entire
a
corporation
106,872
343,266,
Firestone Tire & Rubber Co.—Extra Dividend—
3,478
$1,039,562
depreciation but before deducting depletion, Federal taxes, on
Sales
said,
.
.
(no par) at $3.50 per share.
Corporation
265^00
Federated Department Stores, Ihc.^Annual
25
holders
Gostling,
Transfer
45,000
ending
Textile Printing: Corp.
Pistell & Co., Inc., on
shares of
After
$502,033 In
in
$290,945
shares
•anticipation notes of $11,245,598
Aug." 4,. 1945.—V. 164, p. 1868.
per
;
—C.
60,000
.
455,008
49,069
under
:
of
reserves
of
:0
45,697
1,966
$1,095,929
$0.84
14,161,000
455,000
1965)
—i
deferred compensation
Food Fair Stores,
43,179
1,138
$181,997
.
to
year
1946—9 Mos.—1945,
11,700
* $206,358
one
675,055
15,999,500
21,721,095
/
(stated
shares
173,740
487
$266,358
;
-
374,508
1,456.968
surplus
Total
40 Weeks Ended—
__
.7
1,109,-000
-—
251,864
209", 145
taxes on
share—
per
to
v
—
,
——
payable
-
1,517,796
income and year-end adjustments.—V. 164, p. 1868.
V
country, including manufacturing
headquarters in Toronto.—V. 164,
Fabien
Fed.
for Warrants
1,741,019
1,681,919
1,225,960
notes
and
748,254
1,966,433;
accrued liabilities
indebtedness
$5,584,979
1,193,236
income_*-**»»i._*.*_-*
contracts —72,500
Minority int. in capital stk & surp. of sub¬
sidiary companies
2,235,567
4'/4% cumulative preferred stock (par 3100)__
12,861,000
Capital from conversion of pref. into com. shrs.
116,250
fCommon stock (no par value)
11,807,081
Paid-in
surplus
;
14,909,994
1
—
$8,741,568
wages
——.—________—_____
•After
1946—3 Mos.—1945
and
banks due within one year
2,426,841
288,325
10,918
payable—trade
salaries
pension'-plan
Reserves for executives/
'
30—
,,
$94,424,985 $85,840,729'
*
142,199
231,340
surplus.,-*
i
Total
$2,608,983
P
i
:
3,305,627
643,914
$2,466,783
46,875
*&t; 1ric6me„__-l——
former Moore Corp.. executive, has been
named
Managing Director of this corporation for
Canada, it was announced
Nov. 11 by Larry N.
Robbins, Senior Vice President. .■./>/
Mr. Gostling, former
manager of market development for the
Moore
Corp., has assumed complete charge of all
with
for
Earned
15
assets
Reserves lor past service yetire, benefits
72,031
premium
incqme
on
1,258,689
19,145
4
Reserves
127,500
expense——4.7*—
income
Prov.
quarterly
1947, to
on
other
taxes
679,308
Earned
71,035
7
surtax
concentrates
of
/income
the
on
19,786,778
of Fed.
Sundry creditors
Long-term debt, (due after
Reserves for contingencies
Federal Mining & Smelting Co.-—Earnings—
*Net
which
disbursed.
quarterly
payable
share
a
hand and in transit
on
in
23,920,015
144,680
15
at
the'regular
extra
regular
stock,
business Nov.
payable
similar
of
30
to
are
extra
declared
of
addition
A
of
>•;
1944
127,500
251,525
debt
produced
Tons of shipping product prod, by lessees—
the
•-
7,922,558
2,315,631
29,337,528
22,724,459
877;568/:.;
767,807
—
79,369
i.
•
.—
and
tax
bond
164, p. 1719.
Tons
Razor
receivable:
12,763,439
3,248,900
assets
reserves
——t—
Federal
Period End. Sept
1%
notes
—
496,7Q9
$2,638,111
1,458,143
:
$2,934,954
—
receive
meeting of the board
dividend
30.
preferred
close
2.
S. N.
will
and
Aug. 4, *45
$8,451,811 $12,413,12®
7,279,983
11,760,000
1,417,345
1,014,947
.
127,500
funded
on
Balance
~V.
the
SHEET
1,284,249
Long-term
be
•
Other
v
BALANCE
hand—
on
300,500
Miscellaneous
be
will
$585,189
ac¬
of
accounts
.Accrued Federal taxes on
)i'--
;
1,623,230
income
normal
Interest
the
12
J,
CONSOLIDATED
LIABILITIES—
In
and
$2,493,430
147,508
"
V
■
—
Amortization
and
of
Chairman
stockholders
the
dividends
Dec.
Bard,
■
.
each
Chief for Canada Operations
Guy
assets
*$2.18
Aug. 1, 1946.
on
Aug. 3, '46
overpayment
Accounts-
formed to
was
1945--v.'-:,
$2,787,446
____
—
other
Taxes,
Fed.
x
the
*$3.70
a
occupy
Eight Co.—Earnings—
costs
Depreciation
books
at
followed
1^46,
directors
on
of
cancellattion. Upon completion of
will be liquidated. The transfer
closed
Both
of
on
record
stock
for
Eversharp,
as
A.
company's
company
stock
dividend
razor
announcement
directors
common
Ralph
.
company were
Bard's
oy
!.
common
razor
corporation
Repeating Razor Co., manufacturers
blades, was consummated on Nov
surrendered
the
razcr
holders
and
announcement
stock
exchange,
Mr
an
the
of
the
razor
Eversharp, Inc.
Under
shares
o.
Magazine
injector
412,733
4,522,48®
,
2,283,396
.
♦
.
4,862,718
546,608
taxes, etc
.*/
1,077,412
Unamortized-debt expense, etCi*—*—13,850
Goodwill (at nominal amount) *
Treasurer, and Mr. Ogsbury, Jr., Secretary, of
Corp.—V. 164, p. 7.
earnings
gross
Maintenance
Eversharp, Inc.--Purchase of Razor
Company Becomes
Effective—Extra Dividend Declared—
r
.
628,502
9,202,726
—
charges:
Supplies
Prepaid insurance,
Instrument
&
Fall River Electric
$35,996
*Loss.—-V. 164, p. 2408.
90,535
?
-
385,423
2,063,655
deposit and
estate not used
Fixed
quantities, generally for the consumer mar¬
to come off the assembly- line at the
four-story
has purchased in Burlington, where work is now
an electric hand drill.
item
way,
Dalton
Mr.
303,013
*$74,034
51,667
$74,992
share
5,581,755
2,907,022
$5,922
Mr; Ogsbury, Jr., and Ernest-Robinson, Senior Vice-President
General Manager-of the parent concern are directors.
Fairchild
18,349
profit--,
per common
Miscellaneous
greater
the, company
under
and
$357,360
39,898
-
'
operations
Invests, in, & advances to, subs. cos. not consol.
Dalton,
235,358
re-
<
-
57,438
>
-
stock
Merchandise inventories
Other officers of the. new company are jF; H. Dal
ton, Vice-President
and Treasurer, J. S. Ogsbury, Jr.. Vice-President and
Secretary, and
Jack Carter, Assistant Vice-President, in
charge of production.
Mr.
1,685,463
352,135
'ivv 4,004
taxes
negotiation
Net
3,029,858
434,888
X,v
paid
for
3,342,083
151,377
'.X
-
Operating
Interest
sold™..
expenses
.v-
.•
common
on
demand
on
Real
$9,551
3,629
the parent company to any great extent.
Products
intricate, will generally be smaller and lower-priced,
as
:
1943
$2,278,181
1,260,009
'
9,645,587
*Regular retail
^Instalment
$9,551
$315,426
further announced that Fairchild Industries
was
/
1944
(
i
>
Net profit applic. to shares of
parent co—
on 4s/4%
conv. preferred.stock
Accrued
operating revenue
Other income —♦—
$3,563,385
-•
/stocks of subsidiary companies-*—
Customers'
637
and
Mr.
9 Months Ended Sept. 30—
:1945
w;/'"''
'
ASSETS—
t
Gross
$3,742,836
•'
^Giving effect to the 2-for-l split
1,129
.
$14,789
elected
President
Industries,
parent
manufactured
,
$980,606
"
United-States Government securities
$180,640/
__
been
has
as
firm.
allow
-Calendar Years—
June 30,'46 /
'xt/•*'
Ended
tax.
Fairchild
the
It
COMPARATIVE INCOME STATEMENT
__
14,453,009
assets
from
.
Sales'
fixed
of
profits
Earnings
a
$180,640
Income
subsidiary. / Mr.
warrants and in what amounts.
Each warrant shall represent
to purchase a share of stock at
any time after one year
the date of issue and
prior to the expiration of five years thererafter at the
offering price of $5 per share.
The warrants are nonnegotiable and non-assignable.
7
sales
Cash
Ended
3,419
—'■
with
option
J,
from
—
terms,
from
<
loss
—
Fairchild Camera & Instrument Corp.—New Sub.-—
Sherman
And
purchase
may
17,500
an
of
Deferred
shall designate
company
21,294,755
12,683,034
income:
on
9 Days
Days
64,073
Net profit for period—
—V. 164, p. 2408.
Pursuant to the underwriting
designate who may have the right to
shall
of such
22,328,621
taxes
COMPARATIVE
$177,221
_
-
Net profit
Federal corporate
issu¬
40,000 stock purchase warrants.
agreement
subscribe
"T
1
21,047,921
248,834
Claimed
Othfir income
V
-
,
.
■■
Br54i613
Sundry, debtors**^.—
Net
159,500 shs.
•
. ■ ■■■■
.
provision
common
sold,—330,815
Selling and administrative expenses
-
7
."'KW \
f
v
—
Dividends on pfd. stks. of
subsidiary companies
owned by other Interests
Portion-of net profit applicable to min, lnts; in
Aug. 31,'46 Sept. 21,*46 Sept. 30,'46
$572,110
$43,054
$21,693
24,527
11,012
_
Total cost of goods
PURPOSE—Company is indebted to American Type Founders,
Inc., in
the amount of $95,500 as of
Oct. 15, 1946.
From the proceeds of this
issue the company intends to
pay off this obligation, as a result of
which American Type
Founders, Inc., will allow the company a dis¬
count
of
$5,000.
The balance of the funds will be
added
to
the
,
-
22,383,234
before
Pistell.
Ended
*40,000 shares reserved for issuance upon exercise of the
warrants.
working capital of the company.
'„V
Net
$100, excluding
Year
Net
$
equal to tax reduction attributable thereto
(remainder charged to surplus)
pro¬
warrants will
20,000
to! the management7 upon payment of
Furst
<
Aug. 4,'45
leased
(net)
Portion
Outstanding
160,000 shs,
*200,000 shs.
shares
of
amount
V
expenses
profit
of
equipment;
corporation's
the
SUMMARY OF INCOME STATEMENT FOR PERIODS
INDICATED
Outstanding
*300,000 shs.
of
Amount
v..
of
management Toby
1
Authorized
Capital
sales
Dividends
to
1947,
Aug. 3,'46
Provision for Federal taxes
-1
presently
FINANCING
twelve-month period ending Feb. 1,
^
war
-
semi-annually. In the future, the company pro¬
year on
the Saturday nearest the last day
will be issued covering operations for both a
sold and
Other Income
Dividends
civilian
specializing, the company was awarded on June 30,
1946, by the Signal
Corp. of the U. S. Army, a government production contract in the
gross amount of over $500,000.
Delivery on this contract is scheduled
for
1947.
The company has other
development contracts with the
Signal Corps totaling approximately $75,000,,
PRESENT
(incl.
stock
basis
to stockholders
fiscal
a
goods
Gross
1947.
addition
an
to net the corporation $3 per share. Under the above
warrants; will be sold for $100 to the. underwriters on
.be sold
company has concentrated upon the production and sale
table model radios and intends to add console
types.
The models
range in price from about $23 to about $72 retail.
The console radiophonograph combination with respect to which the
company has com¬
pleted production plans will retail at an OPA
price of about $200 per
unit.
In
addition to the civilian business in which
it is
TO
of
issuance,
20,000
ar«
Federated unit.
the Brooklyn
Inc.,
report
T
shares
of
approxi¬
18%
departments)— 234,132,382 187,426,375
207,797.584 163,063,969
Depreciation
1,283,636
; 1,324,373,
Maintenance and repairs '
■:
2,060,869
1,476,391
Int. on indebtedness and amort, of debt exp.__
607.059
513,749
:
employed
the
to
by
space
will report earnings
company
Ended—
sales
Cost
production
including construction of
additional printing machinery and
of
selling
earnings.
in
Increase
program
for
one-half
its
the
total
$
Net
receive the entire net proceeds
($96,000).
one-half of these funds will be
about
amounted
ownership
increase
COMPARATIVE CONSOLIDATED INCOME STATEMENT
Years
The
EFFECT
end
capital stock are reserved for issuance
upon
purchase warrants to be sold to the underwriters and
management.
These stock purchase warrants entitle the holders to
purchase stock for a period of five years from the date of their
of
'
to
Wrpi
The
CAPITALIZATION, GIVING
of
capital.
exercise
company
manufactures
radio
sets,' phonographs and radiophonograph combinations presently comprising
approximately
seven
models, ranging from table model radios to
radio-phonograph combina¬
tions.
2,
January. A
six-month and
enlarge its main building in order to
printing machinery
and
equipment
which
is
Nov,
poses
will
at Abraham & Straus,
way
of
to'
additional
that
quarterly instead
designs
printed
factory
Capitalstocls (no par)--
*
-
of
be
CAPITALIZATION UPON COMPLETION OF FINANCING
Termination claims on the company's canceled
contracts,
subcontracts and orders have been filed and settled
except for about
$20,500, about $10,500 of which is covered by
indemnity agreements
from the U. S.
Army which, in the opinion of counsel for the company
will hold the company harmless from that
claim.
All renegotiation,
including the year 1945, has been completed and there are no claims
.
intends
expansion
plant
about
working
government.
orders
refunds.
general
rata
was
to
and offices are located in
brick
this
with
intended
a
business.
for
45%
is
to
*
'
war
production year for
$3,750,000 worth of material
year
printing
stock
common
•/v;>
///Beginning
>
,
highest
which
estimated
in
,<
were
and
the
materials
under
<•
Profit
electrical
sets,
is
The
,> •>
t
PURPOSE—Corporation will
It
Signal
End
radio
is
about
Corps of the U. S. Army. ■ Among the various
products produced for the Army, in addition
alignment indicators, calibrators, dynamic mutual
conductance tube testers, range
calibrators, signal generators, standing
electronic
to
two
corporation
output of the company was sold under its
that of Espey.
of
accommodate
additional
has been purchased and
of
combination
1942, and until shortly after V-J Day, the company
wholly in war work.
During this period it produced
and electronic equipment
principally under prime con¬
engaged
corporation
textiles.
*r
Federated
Improvements
of textile
consist
The
From about May,
was
' ••;.
which
mately 91%.
Lodi, N. jr. The
type buildings containing about
46,000 square feet of floor space, to which; the;
contemplated new
building will .add approximately 6,500 square feet.
sold
portion of the
the
of
corporation's plant
plants
its
A
The
fv.
output.
/ - "
'l.v.V'.:;/v
Similarly, the company manufactured custom built radios for other
retailers, using the private brand names of such retailers on its
products.
v r
of
in
outstanding, after
i
types
Monday, November 18, 1946
the
they
the
,
of
material such as rayon, pure
silk, acetate, wool, etc.
Corporation has developed specialized methods of
printing certain types
'•of textiles which
place it in a favorable competitive-position.
/
.com¬
private brand,- high fidelity
radio-phonographs.
Private
by retailers under the private brand name
of
the
particular retailer.
Among the customers of
the company
during this period for each of whom private brand radios were manu¬
factured by the company is the
following: R. H. Macy & Co., Inc.,
Bloomingdale Bros., Liberty Music Shops, Inc. and Columbia Recording
Corp.
For each of the above, the company manufactured about 10%
home
by
128,000 shares
capital stock or 80% "
the present • financing.
For
have delivered to the corporation all the
former partnership as well as the real estate
be
shares,
business
various
on
to World War II the
up
to
by
printing designs are supplied by the
customers, the corporation being
paid on a yardage basis for its work.
One
to
ten colors can
be"
printed in a single operation.
Printing can be done on practically
was
exclusively for Espey Manufacturing Co., Inc.
the corporate
amount
owned
/and buildings.--, ■./
New^York Cabinet Corp., which is engaged in the manufacture
of radio
represented
128,000
assets
incorporated in New York
on July
9, 1928, and is presently engaged in the manufacture of home
radio sets and
radio-phonograph combinations.
Company's offices and
plant are located in leased
premises at 528 East 72d Street, N. Y. City.
The company owns all
the issued and outstanding stock of Espey
Sales Corp., which sells a
portion of the company's products as a
distributing company, all of the issued and outstanding stock of
Philharmonic Radio Corp. and 50% of the issued and outstanding
stock ot
is
the
these
York.
New
BUSINESS—Company
interest
1946
matls. and inc. from storage and trucking—
Profit before taxes——
Net
taxes
after
;—
Net after preferred
Earned
per
•Includes
99%
Inc.,
(& Subs.)—Earnings—
ENDED SEPT. 30,
V.
tfi4.
tl_
s^are
$38,189
2153.
..
dividends^.**.!-:,—1*5
on
562,338 common shares-,—.*—,
non-recurring
profit
from
sale
of
$-3®
real estate.—
,r
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume' 164" ^Number
:f^y;.;^r-,r;;>\:T;r v/V/;/'/ .r?
profit
v/' ^ Sept; 30; '4$ /
Expenses
Other
operating profit—.—
income
'Total
Net
income
_
Dividends
Gain
(net)
Income
-
——
•
Fed,
inc.
'
-
share
"
'
'
•
;
—
710,000
\
63,522 V
1
74,500
94,365
8,065,000
-
•Including
payable Oct. 21,
total, $2,147,491. ■
NOTE—The
market
available—"
Financing Total¬
•
to run five years, is 1.625%. The com¬
the loans or any part of them, on
year.
1 Charles E. Wilson," President,
explained that the additional cash Is
from
of increasing business, the
losses rsulting
in the first quarter of this year and plant
care
expansion.
mod¬
*
.
Nov. .12 offered 58,000 units of stock, each unit con¬
share of 7% cumulative sinking fund pre¬
ferred stock ($4 par), and two shares of common stock
<5 cents par). The units were offered to the public at
$5.10 each.
at" the
ORGANIZATION
AND
23,
option of
notice,
.
July
at
$5.50
the company
share plus
per
BUSINESS—Company was incorporated
Company has qualified to do. business
1946.
JJew York and Connecticut.
in
in
the
has broad powers, it proposes to engage gen¬
construction industry and in real estate devel¬
emphasis
on
residential housing
construction.
company
the
building
with
opment
initial
Company owns a tract of about 122 acres of partially developed resi¬
dential
in West Hartford, Conn., and is the assignee of a
contract with Time, Inc.,: to purchase a tract of about 160,000 square
residential property in Stamford, Conn.
property
Ject of
The
Stamford
t»f the
sals
of
tract
be
will
securities
the
purchased
now
offered,
with
part
of the ^proceeds
and the company presently
activities on that site' by building
will either be sold by the com¬
and leased by the company to
tenants.
Under the present regulations of the Federal Housing Ad¬
ministration, in order to obtain priorities on materials, the maximum
price at which they may be sold is $17,500 per house and the maxi¬
mum
price at which they may be rented is $180 ($90 per apartment)
per month.
Due to the serious' housing shortage in the Stamford
Area the company anticipates no difficulty - in selling or renting these
units
and, in order to secure material priorities, expects to sell or
cent them to -veterans employed at the new Time, Inc., experimental
plant in Stamford— •
to
plans
16
construction
commence
two-family houses.
or retained
as
pany
stood
.
14,080
*
These houses
investment
an
into which the company proposes to enter is that
of. developing
various unimproved tracts of land not yet acquired
Jnto residential "subdivisions" for Its own account and for that of
others.
In this connection various discussions' have been had with
important insurance companies who wish to enter the field.
These
discussions indicate that some insurance companies may be interested
Another activity
the
hereby
the
by
units
of
net
proceeds to the company, if all of the units
will amount to $236,930.
Expenses payable
sold,
are
organization and the sale
a balance
of $235,430, if
applied to the following pur¬
company in connection with
its
are* estimated at $1,500,
leaving
is
issue
entire
the
to plan and supervise the development of
by or to be acquired by them.
company
/:, various properties held
offered
sold,
which will be
will be used to pay off certain liabilities of Nor¬
which have been assumed by the company; (2) the
poses:
(1) $40,000
wood Estates, Inc.,
.,' remaining
will
$195,430
corporate purposes.
be
used
the company, for its
by
general
-
Truck
Fed.
.___v_____
of Canada
.
-
60
2,056-
2,083
39,745
41,442
:
Total U. S? and Canada
if all
sinking fund, cumulative preferred
stockr ($4 .par)w__*_-^-_;_-u__-___-;./
Common stock (5c. par value)
are
'
■
Estates,
Inc.,
from
(delivered
sideration.
common
to
compensation
for
58,000 shs.
480,000 shs.
certain assets
sold
stock.
58,000 shs.
•211,000 shs.
received from
has sold to the under¬
the purchase of 40,000 additional shares of
Each of the 40,000 warrants entitles the holder thereof
for
share of common stock at 50 cents
exercisable not less than one year and five days
purchase from the company one
per
and
this
share
not
and
more
is
172,360
•
$2,306,874
'
819,605
359,365
58,553
797,550
322,799
:
3,609
75,571
22,414
145,007
598,249
335,933
$167,577
$702,473
$748,999
$0.36
$1.49
$1.59
•
/.
197,688
94,460 ;
108
95,506
.
..
.
1,425
63,247
14,633
Crl5,746
/'■ \
income
exc.
$2,602,918
83
11,180
profits
&
income
♦On
230,934
$320,031
$0.68
,sharc___-,
per
469,713
shares
common
'; „/;
;
,
par).
(no
30,
sept.
sheet,
- g balance
1946
/
/
.
on hand, $2,741,837; U. S. Government
and
notes
receivable ,./(less reserve),.
$3,107,710; inventories^ $2,900,844; accrued interest receivable, $5,073;
claim for refund of 1942 Federal taxes, $520,000;
miscellaneous In¬
ASSETS—Cash
securities,
in banks
and
accounts
$52,000;
*
-
1
82,017.
116,539 '
21,263
25,045
1,804
39,638
884,431
Nov. 8 filed a registration statement with
(no par) preferred stock.
Underwriters,
on
shares
1,000,000
New York.
Company expects to use
together with other funds, to help finance its expansion
Stanley
Co.,
&
payments due within one year of $144,000), $972,000; reserves for
contingencies, $192,171; capital stock (469,713 shares of no par value),'
$12,394,738;
capital
surplus,
$611,338; earned surplus, $5,514,253;
total, $21,499,744.—V. 162,; p. 2942.
■
' g
r v '
'
p,
:* '
than
five
public offering.—V.
years
from
the date
164, p. 2408.,>\'v*'.\
of
the completion
*■'A"'
of
'h
;
6, 1947.
Operating
{-
increased
produced
this
164,
•
•
1,648
88,051
Cr35,199
680,316
3,723
$2,275,923
$1,461,045
$2,718,353
by
Income
Avge. no. of common stock
Earnings per share—
866,137
$2.52
dates of acquisition
and expenses of minor subsidiaries
—V. 164, p. 1720.
from
period
''V
r
,
1
/ .y"
,
' '
$j.ua
the
tA.djusted to reflect revenues
owned hut not formerly consolidated,
%
1
%
\
*-v
16
Weeks
costs
' f
,
alphabetical
alphabetical
Other income- (net)—_
income Fteaxe?n<1 Can'
$6°?
34,181
Recapitalization—To
" /
.
401
and
class
will
A
issue
shares
three
stock
of
$5
of
the
stock
new
for
per
will
The. warrants will
share..
and
$605,848
$2,132,423
$946/762
♦305,557
♦1,545,228
•544,236
-----
78,958
409,805
50,481
$379359' ;$221^33
$0.52
$0.32., . $0.81
profits taxes. tOn 333,243
V".'— •._*•.
to
run
After giving
NOTE—Net
Oct.
1,
exercised
be
not
"
1951.
before
Oct; 1,
1947
income
-
...
.
of the Canadian
dollars at official
into U. S.
translation
"
RR.—Operating Revenues—
effect
-
• ...
subsidiaries consolidated, after
rates of exchange, amounted
tosppTxUSy X0.6S 01 the total net comoUdated Income for the
1946 period as against 6.1 % hi 1945.—V. 164, p. 827.
each
Georgia & Florida
to the proposed recapitalization, there will be
11 Days End. Oct. 31
approximately 562,275 shares of new common stock outstanding.
Ap¬
#
1946
'r 1945 ''
plication will be made at a later date to list the new stock on the rAvorinA_New York Curb Exchange.
Operating revenues
.
.
$62,425
The directors have declared a quarterly
dividend of 37^2 cents/
—V. 164, p. 2409.
"
o
per
share on the class A common and common stocks, payable
;
Pr3,876
''
value.
par
Jan. 1 to Oct. 31
1946
1945
.
/
$60,172 $1,989,713 SI,778.042
Dec.
to
1946
16,
12J/2
of
basis
on
p.:
holders
cents
the
per
would
and
new
of record Dec. 5.
This
share for this quarter
equivalent-to
be
stock
common
after
50
represents
the
over
cents
an
in¬
Germantown
previous
share
per
recapitalization.—V.
1208.
nn
m-u
per
output of this
1946, amounted to
the
over
Corp.—Weekly Output—
corporation
130,750,024 kwh.,
corresponding
an
for
week
the
ended
of
Nov.
Floyd
The
or
week of 1945.—V.
164, p. 2409. ./ / /,
L.
Greene,
Co.—Quarterly Report—
President,
reports for
which is
company
of $508,453
on
nine
the
$320,031
or
the third
On
eral
three
Association—Files with SEC
a
notification with the SEC
letter of
Oct. 29 stated:
ended
months
Oct.
68
cents
quarter of
7,
1946,
Refractories
per
1945
share
or
the War
Co.
was
Sept.
which
$167,577
-
Sept.
par.
Proceeds will be used to acquire a
working capital.
:
v
1946,
30,
net
,
Net
Amt
Amt.
or
1946,
successful
36
advised
for
the
:
that Gen¬
Silica
Brick
,
/
nn
_
_---—~7"""rf"s70C]^
of pref. stocK
of com. stocx-
earned per sh.
earned per sh.
Extra
cents per share.
bidder
from
income
Subs.)
Razor Co. (&
Ended Sept. 30—
'•
operations
Depreciation
—r--'T";vcess
Foreign & domestic inc. & excess
profits taxes
earnings amounted to
compares with earnings during
30,
Assets Administration
the
sold'at
and for
9 Months
equal
months*ended
to be
Gillette Safety
;
to $1.08 per share.
This compares
with earnings of $586,086 during the same period of 1945 which were
equal to $1.25 per share.
'
v
' ''
" > ■ '
/ V ■
For
filed
8,
increase of 17,256,010 kwh.,
are
real estate
Profit
General Refractories
income
12
Nnv
-/v/
electric
The
Cooperative
'
164,
issues
15.2%
"
$Dr3'876
218,013
JlScSSi:
Holders of the
-presently outstanding $5 par common stock will receive six shares of
the new stock, plus warrants to buy three additional shares at $10
common
-
14,600
'
stock
of
g
3,401
.
common
,
,.
$597,872
A
share
-
...
,
Consol. net lncome__
-.special meeting of- stockholders will be called, .for about Jan.. 15
/ fEarns. per com. share- ...... $1-00
to vote on a plan of recapitalization covering the class A common
.V ♦Includes provision for Federal excess
fmd common/shocks, v?, { »* n. <
, .
' \
' ?
♦
,*
«»
<
»
.«*' ?
' ?T'*V
'V j. ;i ' '
'
;/ The company proposes' to authorize /2,000,000 shares of $1 par" f'1' Sllltl'CS'* ■
?
11
Instruments Corp. (& Subs.)—Earnings
Ended—
Oct,5.'46
Oct.6,'45 ! Oct. 7,'44Oct.9,43'
—$6,384,873 $5,782,981 $8,396,696 $6,546,713
and "exps— • 5,821,182
5,180,534 p 6,278,874 5.596,076
General Time
possible.
Corp.—Plans
-638,693
$1.76
Net oper. income—
Issue Warrants—Increases Dividend—
201,576
$2,517,377
only.
is not always
possible to arrange ■ companies in exact
order.. However, they are always as near
Phoenix
$1,134,607
of companies acquired duiing
and expenses
revenues
:
326,438 ■
-$2,180,238
outstdg.
•Including
i
95,685 ;
—
COinc°om|e ta«Lb—
it
reasons
,
-
Oper?
General
stock
balance
Net/stdll
as
pfd.
on
-
2408.
position
premium
income
Dividends
increase in the prices of Diesel electric locomotives or of
engines
or
Diesel
power
units
is contemplated.—V.
MOTE—-For mechanical
42,096
9,535
68,218
Cr8,768
630,021
time.
p.
$4,908,579
1,410,639
$3,210,533
1,048,834
$3,956,342
.1,059,745
long-term debt;——
35,465
Net
and
at this time.
Adjustments in the prices of certain household appliances will be
announced later by the Frigidaire and Delco Appliance Divisions.
OPA recently authorized prioe increases up. to 15% on automotive
parts, and no general adjustment. of such parts prices will be made
No general
other
Diesel
20,587,655 30,547,309
125,505;
228,286
(net66,572
Interest chgd. to construction
Cr27,153
Dividends on pfd. stock of subs.__—
543,568
Minority interest in qurrent eai*ns._.
2,222
there will no general change in -those prices
at
$27,291,159 $23,923,693 $35,682,174
~-—.
and: expense
larger trucks and coaches have previously been adjusted,
Prices of
»"/?/'.
23,189,367
(net)——.—•—145.450
General interest
Amort, of debt, discount,
would be increased in like amount.
GMC Truck and Coach Division
the
models
corresponding
that
and
$100,
-
9 Mos.,'46 t9 Mos., '45' 12 Mos., '46
Net" earnings
on
1
CONDENSED CONSOLIDATED STATEMENT
and taxes
exps.
deductions
Interest
All Cars by $100—
f
v
Subs.)—Earnings—
/v;g-/,:ggOF INCOME
revenues
Total oper.
on
Nov. 11 announced that, effective at once,
of all passenger car models produced and sold in
the United States are increased $100.
In making the announcement, C. E. Wilson, President, pointed out
that an application for a $100 increase in car prices had been under
consideration by OPA for more than two months.
He said that the
adjustments now being made place prices of General Motors cars in
a
more reasonable relation to greatly increased costs of production.
Mr. Wilson further stated that prices of all Chevrolet trucks would
be
.
Misc.
factory list prices
also
v/,/.
'>r'
L<*
Period End. Sept. 30—
corporation
The
)
•HISTORICAL
preceding quarters distributions of 75 cents each were made.
' v
./
The regular quarterly dividend of $1.25 per share on the $5 pre¬
ferred/stock was also declared, payable Feb.- I, 1947 to holders of
Increases Prices of
/
gg/f;/
dividend of 50 cents per share
on the outstanding common stock, payable Dec.
10 to holders of record
Nov. 14. A like amount paid on June" 10 and Sept. 10, last, while in
record Jan.
/-'/. :/
2153.
,
a
General Telephone Corp. (&
4 declared a
Nov.
.!
dividend of $3.25 per share on ac¬
count of accumulations and the regular quarterly dividend of $1.50 per
share on the $6 cumulative convertible preferred stock (optional stock
dividend series,
both payable Dec. 1 to holders of record Nov., 19.
Giving effect to this payment, arrears will be eliminated.
// i:
h. In lieu of cash, stockholders, at their option, may receive for the
aggregate of
the two dividends, common stock at "the Tate of
209/l500ths of one share for each/ share of preferred: stock.—V. 164,
declared
have
directors
The
Declares 50-Cent Common Dividend—
The directors on
Out Div. Arrears
General Shareholdings Corp.—Wipes
;/ages-—'/v". //■
Nor¬
the company has agreed to issue to Norwood
a balance of 133,000 shares of common stock to be
time to time without the payment of additional con¬
"
//■•//
v////
warrants
h156,170 /
$603,722
;.
36,376
Penn.
Net
;
the SEC
Morgan
the proceeds,
and modern¬
ization program estimated to cost $590,000,000 of which $290,000,000
had been expended.through Sept. 30.
'
The company
for
General Public "Utilities
Inc.,
PURCHASE WARRANTS—Company
STOCK
writers
f
exp.__
(est.)
Units_
•7%
Estates,
taxes__
note
tax'
164,
Registers 1,000,000 Preferred Shares—
regular
outstanding
Authorized
wood
$2,134,515
•*••:/. •
•
•,
183,215
amortiz.
&
prop.
of
and
taxes
214,757
99,518
4,418
5,213 1,148
1,785
v-v ■
1,074
1,597
73
Coach-Trucks
&
Coaches
GM
v
..
^
annum
additional
$2,446,748
19,752
...
$877,325
Other deductions
283,850
7,622.;
4,591
.
4,012
5,615
—•
Cadillac
crease
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
•As
$583,975
v
30,868
Interest
'
14,522
.
6,345
4,893
.
Buick
where
prospects for profit seem available.
Since the West Hartford
property is not suitable for the construction of houses of the limited
sales price permitted under present priority regulations, no construc¬
tion
by the company is contemplated there until the sales price
limitation is increased sufficiently to make such operations practicable..
engaging
17,301,742
was
—;
After construction work i»/well started at Etamford, the company
to proceed-with the development of its West Hartford prop¬
erty,, either by constructing houses itself or by sale of lots to indi¬
vidual home builders, or the company may commence further-resi¬
dential
construction
or
development
operations in other localities
PURPOSE—The
and
Corp.
{
in
17,144,948
-
__-u
depl.
Depr.,
as
production
intends
•
•- <
3,945,460
$846,457
,
Amortiz.
the second best weekly total of the postwar
in line with general expectations for the present. Limitations
of certain material shortages still were being felt, -with the
Oldsmobile
<
'
in
oth.,
various
Profit
on
Corp.—Car Output Steady—":/.-^."
)/.,.
•
>
1
share.—V.
per
bef.
from
sources
one
The preferred stock Is redeemable
on any
dividend date upon 30 days'
.accumulated dividends.
"
While
$5.80
or
<
car
that
GMC
General Housing & Development Co.—Stock Offered—
W. H. Bell & Co. Inc., and Henry C. Robinson & Co. Inc.,
erally
$2,125,372
Truck.
'
Delaware
-
par
based
1946
30,
profit
inc.
♦Earnings
Motors
Pontiac
"General Electric is spending approximately $300,000,000 on plant
expansion,
reconversion
and
modernization
of
factories
and
ma¬
chinery," Mr. Wilson continued. "When this program is completed
the company will have roughly twice as much manufacturing area as
before
the
war,
and Will be employing twice as many people."—
V. 164, p. 2408.
v-' f:; ;'. '\\ *\«
■'v
*'
: ;
sisting of
to
Sept.
at
trust
the
Chevrolet-passenger
:
on
of
:
■
v-.:
the nine-week strike
•
assets
- :
>
Part of the funds will be used to refund the $100,000,600 short-term
loan which the company borrowed from a group of banks earlier this
and
'
;
exp.
_______5,037,641.
income
Other
$142;
miscellaneous taxes,
/
accrued
$21,978;
and
-
:
ernization
Gross
V.'
*■'.
1946—12 Mos.—1945
$4,529,435 $19,591,696 $19,436,256
vestments
(stocks and
bonds, at' cost' or nominal value),
$14,152;
investment in Northwest Magncsite Co." (4,000 shares commorr stock',
approximately only three-quarters of the
at
cost, less reserve), $515,000;
deferred accounts, $319,119; repair
average weekly production rate of the 1941 model year.
parts, etc., $548,265;
real estate, buildings, machinery, "equipment,
> For
the year to date, General Motors has made 603,187 passenger
mineral
lands,
etc.
(after reserve for depreciation, and depletion,
cars in the United States, compared with 1,646,391 in the comparable $8,586,291)» $10,775,745; total, $21,499,744. •/ / '/ '
period of 1941.
'
* >
,
LIABlLITIESrr-3^4% notes due within one year, $244,000; accounts
;
v; GB£ .truck production total in the United States during the Nov. 9
..payable-(trade and others), $597,064; accrued wages, $345,079; accrued
week was 8,015, while 9,467 were manufactured the week before.
taxes, $79,662;
miscellaneous accruals, $37,809; unemployment insur*/ The total number of supplier strikes affecting General Motors in
anceand
old
age
pensions
(accrued), , $102,359;- - interest accrued,;
ir"the/IJnited States; last 'Week- wis: 32, a/drop from;-the figurevbf '38^iii^/
$11,180r allowance for Federal Income tax 1946, $389,007, and allow¬
the previous week.
,,
"• *i r /"
ance; for
balance
due
Federal, income tax
1945 and prior years,
Following is a tabulation of : production figures, for car and truck
$184,084 (less U. S. Treasury notes—Tax Series of $335,000 >, $238,091;
divisions:
>:;;.;///
notes payable, account of acquisition of The Kentucky Fire Brick Co.
- -Week End.:
Week End. " JanM to
due 1948
to 1949, $160,000; 3V-iVe
promissory notes due 1-1-57 (less
Nov. 9,'46
Nov. 2,'46
Nov. 9,'56
because
result
may prepay
take
1946,
amounted
figure
period,
30 days' notice.
to
interest,
beneficial
of
pared/with 29,892 the previous week..
>; The
remaining
needed
$6.19
1 ' '' ;
'
sales
operations
"
,
1946—3 Mos.—1945
$5,884,0.98
of
of
'.
\
sales
Cost
production by this corporation in the United States
held steady in the first full November week (ended Nov. 9), close to
the
record
figure for postwar output, made the week before. The
latest weekly report showed 29.674 automobiles
manufactured, com-
$50,000,000 will be borrowed from
depository banks in cities in which it lias
plants and sales< offices;
The»interest rate on -the bank
;
' $72,318V65,407
88,579",
-
company
are
.
?':■
827.
General
dated Dec. 2.
pany
(shared
stock
-
net
values
Passenger
loans, which
'
75,594' /;.
$1), $366,295; capital surplus, $1,458,953; unrealized appreciation
of securities-owned, $287,534; undistributed income, $12,590; dividends
ing $200,000,000^-^6 qoinpany,:it was; announced Nov;,
11, has completed arrangements for a $200,000,000 fi¬
nancing program. Gf the total, $150,000,000 will be bor¬
rowed on 20-year promissory notes bearing an interest
rate of 2.55% from 14 investors consisting of 11 insur¬
ance "Companies and three trustees.
-The notes will be
The
$62,725
65,275
Sept. 30—$5.80
per share
LIABILITIES—Capital
V. 164, p. 2153.
General Electric Co—Arranges New
.
amortization.
and
depreciation
before
but
comparison with the third -quarter of 1946 is
NOTE—No
.
profit,
metal
/.
•
above);,;!/
(not included
value
p.
•
EARNINGS FOR 3 AND 12 MONTHS ENDED SEPT. 30
"
quoted market prices:, (cost - per. books and for Federal income-tax purposes was $1,662,419), $1,949,953; cash;
in bank, $186,594;
dividends receivable, $7,695; accrued interest on
bonds, $3,249; total, $2,147,491.
;:/i . ,-^
$1,590,015
$0.48
$1,333,719
;v $0.35
$1.11
——
710,000
'
$2,342,657.
_______
common
per
.<
______
'
'
taxes——
income
Earn,
•V.,.;/
ASSETS—Securities owned-at
;
$2,043,719-$9,887,402
$3,052,657
___,
on first mtge, bnods*_
premium on bond redemp- t
tion July 16, 1945
_______
Amort, on bond prem. and exp.___
Call
Net
12,613
'■ BALANCE SHEET, SEPT. 30, 1946 * " •
v
v-
-—
_
__
-
sale of securities
on
asset value
Net
,/
$1,536,780" $9,861,514
506,939
25,888-
$3,027,517
/
25,140
Interest
Prov. for
$84,932
Net
.
"Net
'
—
,
on
,
••V
$74,347
11,622
-—----.-i'-i-
income;;'-_u-i:^---i.-i-—.J
Gross
Since the above date, authority has been received
on Nov. 4, 1946.
take possession of the plant
to
1945
Sept.-30—1946
Nine Months Ended
V
sales
—
$3,665,691^ $3,354,912 $13,181,943
Selling, admin, and gen. expense— 474,478 :1,488,011 •
1,479,449,"
Other operating charges (net)_____
Cr46,693
Cr296,130
548,285
Prov. for deprec. and amortization:
*\. •V"*,, N--»f
.•v
- Plant,
mach. and equipment-i—.
210,389
626,252
634,910
"War - facilities ____
. ■ ;/■
-_i.,
1
*
r,«657,785 •
•Gross
plant at Lchl, Utah.
■
End.—fii
3 Mos.
Mass.—Earnings, etc.
General Investors Trust, Boston,
■'
^ "?■
I^s;EndV^pCSO^
/ 1946:// ' /• 1945;,'/-;
/ Genera] -Cable Corp.—Earnings— 4
:
2545
*
^6Q17
*305
030
'
'
piece
Earnings—
$n>245,753
253,612
$9,994,837
222,110
■
34?
7 940)78l
7,068,783
$7,513,640
$26.69
$3,051,360
$10.84
$2,703,943
'
»
oQ
$9.61
B3
oo-
Dividend—
n_u
sh°= SS'iue
th6
directors
dividend of 75 cents per
payable Deo. 12 to holdere oi reocrd Nov.
declared an extra
2546
THE COMMERCIAL & FINANCIAL CHRONICLE
•.'.
15. Previously this year, tire company Paid the following dividends; Jan.
25 cents;
25,
cents
20
—V.
25, 50 cents each.
and April 25, July 25 and Oct.
in 1945
Payments
.
each;
Oct.. 25,
164, .p. -683.
'
_
and
25 -cents;
,
.
Jan.
follows;
as
were
paid on .Sept. 11, last, and 25 cents each
12 and June 11, 1946. • -;r
:y-'■'•.-"yV.
In 1945, the following payments were made: March 13 and June
•';•
25,j
25
:,i
22, an extra of 35 cents.-1
Dec.
*
:
cents
The
...
^i
.
and July
April 25
20,
Glenmore Distillers Go.—N. Y, Transfer Agent—
:
The
Chemical
164,
Bank
Trust
&
registrar
York
New
class
the
278.
p.
York,
New
Co..
for
1
has
Y„
N.
'
:v~
Sept.
Hamilton Gas Corp
)
SEC—
(Mich.) Realty Co.—Files with
Grand Rapids
.
for
Issue
($1-0- par)
shares
maximum
a
compensation,
stockholders
4 filed
Nov.
on
company
4,034
of
shares
500
'•
Revenues
1
Total
Oper.
wiu
_President, »s
company
Period—
,yy-y
Net earnings,:
$462,082$639,133
416,963 •
471,799
<•
$104,881
jbi^ei'e^;vjdedUCtJ0j9S
'
$65,119
38,690
I
$167,334
•'
164,
8.
p.
48,188
49,724
$31"8,748-1"
End,-'
•Lbss.1' tBased
$172,594
4;harc(
Bonded indebtedness.
underwritten.
Issue not
)'
•
"
/
Net' income—-i—.
'
—V.
'
VvHJ.iai
V;.163, p 2439.
:
,$27,aol
$119,146
"
$44,495-
164, p. 1721.. ./
Prov.
for
sold and operating expenses
The
;,h->
r
444,220
amortiz. of leasehold improvements—
deprec. and
•
fNet
•
earnings
~
audit to be made at the cloae of
V.
164,
,2409.
p.
1
.
of general
Holders
•'
Bonds—
income
119,103
$583,733
•Net
y
-earnings
tEarns, per com/ share
v
-
■
$340,086^
$316,757
-
p.
90,878
$260,983
;
i.V-»''
•
:-3
'
v.-fv.
'
•
1948—3 Mos.—1945
.
$750,500
_—
The
York Stock Exchange
New
;
,
;
1946—9 Mos.—1945
■
$398,700
$0,53
,
;
y
.$1,823,300
$0.27
-
mortgage
shall
bonds
delivery.
be a
the
be exchanged for permanent
St., Room 905, New York,
may
Wall
2
company,
2409 and 1870.
pp.
-
•
,
,
{
'2
J
^
Temporary bonds
—■
of
extras on
mately
Nov!-
on
„•
to
be made
to
bonds at office
N. Y.—V. 164,
the
Of this amount, $1,438,905 will represent extra
The balance of $925,380 will
of regular dividends from net investment ineome.
- -
available
corporation
the
as
the
applied
at
has
is
company
to
the
to
and
ment
filed
with
statement
the
to
.y
■
Securities
relating
and
entered
;ba8ief^landscaping.
into
market
a
unable
to
sell
to, a
public
& Co. wil?
Building
.05
.05 ' ',-,2
.04
>"
;.10
.08
L—
,
.19
.14
equipment-,
,
—1——
-
Fully administered
>05
_
bond—
General
.09
-27
///
Low
piiced
Merchandising
Alining
J)4
.
Petroleum
bond^.-
Railroad
equipment-,
'.04 ; '
i.
'
.C6 '
—
'.06 '
TobaccoUtilities
.05
.08
.06
:
.38
\
.08
.13
.625
:06
.09
.10
-
,
-
' '
.
and
to
other
agreement
Proceeds
large
purchasers.
the
form
dividend
policy stated in the
.22 .32
.79
.22 •*.26
.28,
large enough
were
in
or
additional
choice
was
dividends
make
to
corporation
Market
the
Hecht
.
to
expects
involving
begin
shipment
of
4ts-
housing
;
of
shares
offered
shareholders
agricultural
on
procedure practicable either in
the class on which they were paid.
in
shares,
the
ease
general
shares and railroad bond shares.—V-
the
of
above
bond shares,
listed
1946—3 Mos.—1945
Period End. Sept. 30—
extra
Herff Jones
merchandising
1,856,931
21,000
270,000
on
4,000
,
i, ?6,^p6
income
48,000
,
$109,291
long-term debt—
$171,796
14,174 ;"-y. 14,312
<
-1'
on debt
Cr2G5
deductions
■'
Dividends
Cr208
204
'
; 249,000
,
;
■''79?»358,
/
.
"Sales
48,000
pfd.
on
Balance
164,
stock
1870.
p.
5^13
—:
—
$89,606
$1,526,623
35%
trade in
$1,859,326
nine
173,068
the
-Cr2,485
Cr2,509
current
173
32,174
Cr21,126
$1,325,523
$1,709,893
,";;66>156f
S
$152,006»
$1,259,367
,
operating
revenue
——
(net)
7,971
12,573
12,411
Excess
profits
&
tax
409,077
Cfering
additional
working
1426.
i;
.
for
billed
Oct.
259,213
256,276
'
.'
183,800
■
161,250
J._J—J;.''^
tax
to the
•Net
in
$661,241
surplus
$498,239
"
the
nine
•Portion
call
of
3!/a^
estimated
tax
163, p.
premium
bonds,
reduction
if
..
directors
have
declared
payable Dec.
U
a
to
dividend of $1 per share on ^be com¬
holders of record Nov. 30. This com-
'
third
the
Federal
in
claim
a
at
equalized
for
$756,180,
by
^
9,133,152
226,178
7,213,236
$7,852,853
•
2,514,lS5
refund
and
is
of
700,687
9,919
13,002
21,163
<CT15,192
' ;pi22,24Q
qo—--,
stock
883,308
$3,589^04'
$4,340,768
—-i—
.——
238,655
$5,603,512
y,- 327,720M
*
187,505
281,257
so
recorded
-
2,275,894
3,254,077
$1.87':1 $1.42
$2.40
>1
CONSOLIDATED BALANCE SHEET, SEPT. 30
1946
receivable
receivable
sub.
$6,832.067
94,106,793
53,645,653*
employees notes
of
-
\
exc.
excess
,
and ac-
48,473
& 867,000
,
28,203
;
l ^ 102,848
refund
extent
resulted
nave
of $1,200,000
300,000
207,526
*
"189,744
■-
■
in
the
t
^
—
—
$39,971,875
—
963,560
on
2%tf
current
!_
debentures—
$5,131,440
655,780
3,570,776
payable
Miscellaneous
372,360
3,430,998
of
bank
'
1946
-
+$588,378
103,125
liabilities—-—
103,125
98,003
skg. fund debentures, due July 1, 1970—
15,000,000
Res. for Cap. qxch. fluct, and ether
conting—.
1,213,427
Minority int. in fubsidisry company——!
28,980
3%% preferred stpek (par $100)-.,
[' 10,000,000
15,000,000
2% </c
.;
146,901
21,675,180
465,394
———————
1946
180
V
and
"
and
10,379,941
reserves
$791,558
of
Peoples
approximately
for
was
Industrial
In
95.94%
owned
Period End. Sept/30—
Gtoss earn, from opeis,
Oper.
&
gen.
exp.,
(other
Income
accommo-
Other
ind.
-i—^
]:
1944''
from
and
$6,744,991
in
on
the
as
-
Amt.
avail,
related
of-Septo
that <iate.—V.
subsidiary,
equity
in
164, p.
waS
book-
the
1946/-This
1722. ■
SO,
sub¬
Texas—Earnings—
Pipe
Line
Co.)
1046—9 Mos.—1945
/
$8,076,824
$7,947,990
.:-
1,265,499 /
4,155,044 / 3,727,487/
$1,206,022
,
$1,248,893
$3,702,946
$4,349,337
/ 27,165
254,352
126,669
$1,276,057
$4,047,299
$4,478,006
67,688
——
/ 113,527
$1,319,550
opers—
income
deprec.
1943
$280,725
1946
non-consolidated
a
of
1,370.429 /
:
«'
.,
in
1946—3 Mos.—J.945
$2,576,451
$2,514,392
1 <
//;/:>.; ■
■ 1
,
'
.••V'*"il * ^.=1//
than
income)
;.
Bank,
excess
(Including Houston
*■;/
/
balance
$196,675,464 $63,609,629
$7,122,418
subsidiary's net assets
Houston Oil Co, of
last
taxes of
^
of
depreciation and amortization of $880,248 in
1945.
$254,009
the
of
sidiary
for
in
_j—
losses
{Represented by 2,174,518 shares in 1946
2,167,518 shares in 1945. SThe corporation's investment in capital
values
thb
for
reserves
tAfter
stock
;-;
$309,243
" 1945
953,397
10,000,000
^Common stock (he par)—i—
21,745,180
Capital surplus
537.111
Earned surplus -_--_.---.--_n:-—-—12,775,000
o./i *After
1946. -y;-"-.*
$318,493
852,384
-/
110,651
tax.
use
30,
r.3.
-$106,675,464 $68,609,629
u.
Interest accrued
^
at Sept.
340,987
401,069
Fmp'., cffir-ers, & oth«r-w. purs, to thrift plan
and Can. inc. and cap. stock taxes
the
the
867,000
%v: 79,925
410,219 *.
T
^
,
J?
141,049
j;
-
.
,
-
-
prof, taxes-profits tax
—
,
■
2,913,627
L——
Fed.
Can.
ctc.^;-
receivables,
185,000
^
(at cost)
co.
——
refund
1945
$7,617,910
(net)-
non-consol.
refunds of
Dividends
quarter of the
taxes of
in
375,010
.
.
:
profits
excess
3,250f117
;
j
•
•;
common
226,179.
$6,339,824 : $9,635,859
2,924,250
.<
11,952,158
-70,782
-
Crl22,771
subsjd.
of.
Mos.End."
Sept. 30, '46
$13,623,842 $xl,814,196
Federal
price,
were
during
and;
losses
receivable)—
'.Total
income
earnings
.
.15,000
/
for inter.,
and
deplet.
Int.
on
bonds & notes_
Amort, of debt, discount
131,846
191,893
:
all' charges
including
and
Federal
Canadian •' income
'and
taxes.
Deprec.
!
CONSOLIDATED BALANCE SHEET, SEPT.
notes
and
accounts
expense
30,
1946 '
receivable
Prop.
T
(after
Fed.
and
retired
Income
•£/;/--!;//
1,076
412,100
&
aband.
taxes,
est,
411,550
148,798
depletion,-
148,827
2,427
7,698
1,231,796
1.230,107
-r
414.344
479,879
\
170,930
192,610
662,470
770,700
$518,957
$508,070
$1,544,369
$1,857,775
$0.47
$0.34
$1.40
$1.32
re¬
"
$582,327
serve,
of
$36,078),
(estimated),
$3,586,162;
Canadian
$1,817,954;
$756,180;
Federal, taxes
income
Net
(at
lower
of cost
or
market),
$10,265;
postwar
refund—
(est.), $51,579; investments in affiliated
Earn,
on
inventories
notes
profits taxes
mortgage
excess
refundable
receivable,
$36,446; sundry investments, $18,063; property, plant and
equipment (after reserve for depreciation of $2,529,587), $3,237,276;
goodwill and patents, $1; prepaid insurance, taxes, etc., $83,916; total;
$10,034,428.
'
....
.
-
:
*
LIABILITIES—Notes payable, $1,200,000; accounts payable, $612,561;
accrued taxes, payrolls
-i..
and commissions, $371,770; Federal dnd Cana¬
:•'; V-
,"..vV./
./>•' A
■
5
\
profit
per
com.
share—
Earnings for 12 months ending Sept. 30,
1946", follows: Gross earn*
ings from operations, $10,576,730;
operating and general expenses,
including taxes, $5,607,227; income from
operations, $4,969,503; other
income, $464,105;' amount' available
for
interest,
depreciation and
depletion, $5,433,609; interest on bonds and
notes, $207,148; amortizaIJ,°L
<u&count ai^ expense, $2,427; depreciation and depletion,
$1,615,300; property retired and
abandoned. $453,951; Federal income
taxes (est.), $960,530; net
profit, $2,194,253.—V. 163," p. 1159.
companies,
<M. A.) Hanna Co.—To Pay $1 Common Dividend—
stock,
for
before
(Deficit.:
$$ :X<.
attributable
2726.
profit
an^.
share
examined
1945
$17,212,183
ital. notes rec.„
Banks
capital.
V
;
Operations
not
profit
V * After
paid (April
3,
1946)
to redeem first
A (less amortized premium) equal to
thereto (credited to surplus) ,-r"
series
for
prov.
on
earns,
on
for
1945.
months
1946
15
per
"
"
mortgage
from
April
Notes payable:
the corresponding period a year ago
billings to war agencies and the regular
a
ASSETS—Cash,, $436,586;
Balance
" 1946
1
operations
\'i LIA B ELITIES—-..
for
year.
year,
result
estimated
been
now
hand and in banks—„___
counts
consequence
of additional price relief and further
reconversion costs.. The amount of the accumulated loss
of
have
years
<
the
as
b'w
249,000
166,500
from
,
-
CONSOLIDATED EARNING FOR NINE MONTHS ENDED SEPT. 30
254,493
246,300
>
"
last
resuixed
current
far
on
;
tOffice furniture, equip, and imprvts. (at cost)Prepaid contrib. to erapl. savings-retir. plan
Unamortized debenture disct. and expenses——
3l, said: '
first
on
in
•
Indust. Bank, a
'
;
——^y-——
•Special charge
Jy.
for
v
dation
398,581
192,300;
—i',;':
surtax.————
the
1,645,652 if
414,608
-
i.-J.
Fed
The
stock.
preference
p.
months!
company
CONSOLIDATED INCOME ACCOUNT
(excl.
,
on
Other
'iUfi; Alarger investment in receivables and inventories to support the
% increased volume of output, additional requirements for the purchase
v.; bf
new
and replacement capital equipment, and necessary financing
X693.862;y,1,593,694
inc.
Norm.
mon
used
161,
sheet.
'>1044
$3,350,138
earnings
Retirement
V.
A
be
will
customers
prior years estimated
1945
$3,326,411
.
period
year
quarter,, will
$1,643,737
1946 ""
$3,495,801
nod-operating, revenue
Interest charges
'.
class
par)
less than combined
same
for
66,156
Subs.)—Earnings-^-
;T^V-8r^
Sept. 36—
f
Portwar
With SEC—
the same months last year.
$145,033
of
Net
those
of
these
7
Inceme
Claims
payable
company sustained an operating loss of $588,378 "during
months compared
with net earnings of $318,493
reported
171,412
;
-I
Hackensack Water Co. (&
9 Months Ended
Gross
($1
Froeeeds
civilian
to
excess
and
^56,7^5;
.
$157,519
^,513
$95,119
^
G«)ss
each,
thus
cents
—
not underwritten.—V.
reduction
Net income
—-v.
shares
share.:
a
in
'
cents
(35
2,495,446
.
filed* a 'letter1 of-'.-nbtification with the iSECJ;
,t> Richard N. Greenwood, President,
,
4,000 ;
of 50
for
'
/ Total
2,011,093
^5.46,4
dividends
returns
gravel Advances and
'i
Heywood-Wakefield Co.—Financial, Statement—
$4,524,214
^
thd
occurred
the
15), compared with $1.05
(
'.
declared
share
per
'
.
1946—12 Mos1945.
$4,500,910
23,000
taxes
Amort, of prem.
Other
27,331
$10
y
of
and
•Instalment notes
.
"The
''Gross
Int.
Dor
two
Co., Indianapolis, Ind.—Files
The company <m
::
$367,936
144,834
acquistion adjustments
Provision
declared
tax
,
1946—9 Mos.—1945
$1.15
has
*■ :
■
showedT
•
\
15 and Oct.
the first nine
U. S. Treasury tax sav. note-., ser C—at cost—
IInvest, in cap. stk. and cap. notes of Peoples
30 arufJan! 1, next, to stockholders of record Nov. 1 and Dec.
15,
1946, respectively. These arc the first distributions since 1943 in which
year 50 cents was paid.—V. 127, p. 1535.
f
'
'
-
cash
This
161,036
Frov.
for
depreciationAmortization
pf
plant
directors have
Issue is
$382,791
'
expenses
1^46
start
business
ASSETS—
Nov.
164, p. 2018.
1946—Month—1945 "
Tevenue
Operating
30,
the
at
1^41 the company charged against income an
taxes $116,765 more than was needed, due
largely
change dn r^fihe 1940" Revenue Act, This has been
current liability pending examination of the tax returns."
int. in
Cash
units
Hercules Cement Corp.—Declares Two Dividends—*
The
Gulf Power Co.—Earnings—
Gross
Sefct!
-n
Federal
a
as
,
$16,366,282 $11,897,466 $45,503,700 $33,860,247
V;:
I;
;
—V. ;I63, P>. 2720,
:y
for
•
164.
'v'
provinces where
Dividends
Co.^Q^iarteriy Sales Up 37.6_
Period End. Oct. 31— y
Sales
July
1946
£$]»tog«vjp«r
y.;y;v- y.^yy
;
1
,
paid.—V."
were
that
during
in
Canadian
stockholders
common
1940
cxys.
Net
a delivery schedule in ex¬
two-shift operation, is anticipated to be
a
of 1947.
•»
the final quarter as
in
•
-
on
Dividends qu 5^1 pfd. stock-n-^«:
Dividends on 3aA%- pfd. stock^_.._j
Guarantee Agreement, however,
that rate,
of
cess
May 31,
the
cents
over
increase
an
increase
the
aggregated
on
Sundry Income
roof,
Decessary. during part
1946
given shareholders, at their
report to shareholders, the opportunity was
option, to receive such of the extra dividends
1945.
25 said:
33.07%
operate.
instalment note?
Min.
approximately three months after completion of the proposed
financing. Production capacity, on a one-shift basis, is expected to be
about 1,000 units per month. In order to meet the
requirements of
.
,
the
in
declared, payable Jan. 31.
On Jan.
25, 1946, a
receivable
Net income from operations---;-..
Prov. for Fed. and Can. too. taxesInterest paid <ioel. amertiz. of deb.
discount and expense )——w——
will
shipped,-package which will include the exterior
a
to
each
income
on
be
to
The
Proy; tor losses
within
"regular dividend" is meant dividends from net investment in?
"Extra"
dividends represent .distribution
from accumulated,
undisturbed net profits,
with
75
Oct.
on
or
with
-•
Oper.
of
In
compares
25 Slate* and
for
the
Gross
purchasers.
installation
-
and
1947.
9 Mos. Ended Sept. 30" 12
>
guarantee
insulation, wall board, interior trim, doors, windows,
plumbing and wiring, bathroom and kitchen facilities
kitchen range and cabinets
but
not
refrigerators), hot
heater, hot ah' heatqr and electrical fixtures.
The
By
accordance
$25,158,866,
.
come.
In
each,
19
payable
retooactive
"*
necessary
water
••
.19;;
.27 1
t
—
.17'
.10
cents
Nov,
or
•"sundry Income."
(including
f
-
and other
housing unit will be in
walls
all
•
.35
■■
.39 > v
.17
.19
•;.•
J015 'r .035 * .05' "
,,
each
-38
^8
.35
t
.14
.19
.165.16 v
.17
.18
.
..64"."
,02
.175
of
paid
settled, this sum has been credited to current income under the caption
financing
appearance.
corporations
•
; .2^
-;^5 ;-:j.695';. .97
,,
"03
—
*■
-.31
.16
.18
.14
-06
.07
—""
>05
—
-
,60
'
.03
—_
.Railroad stock—
Steel
.15
.10
.57
;
also
21,
15
record
.
As
With modifications as to floor plans, they will be
initially available in two and three bedroom .sizes. The corporation
I expects to sell for. the most part to dealers who in turn will sell to the
ultimate purchasers. Provision will be made for bulk sales
to industrial
J50
.36
•: .22
.21 •//. -14
.36
'..02
.08
.;
■••06.01
•
^
Railroad
v
—
.07
.07,
' J50.
.02
%-08
.03
.01
company———
■*—
.32
.28
.105 / >28
.32 •
*.58
.205
.r;';.07 ''
-36'
-08
.01
.-06
.
„
machinery
.08
Institutional
towid——.08
;;
tional
-.115
■
.15
.12
.07
Industrial
Investing
.37
.165
.175
.26'
'.04
.13
—
Electrical
.13
.13
.19
,
vr-•
Chemical
food
07
'w:!—!///—»,«■ ——"
Aviation.
.01
——_-06
of
dividends
was
Jan*
notes
customer
subsidiaries
carried
■
.
the
purchase and
Its
/ During
Exchange
-
Automobile
.
dividends qf
$3.50 in
share
year-«end
$1,724,034.
of
the
cents
prices estimated to result in an ultimate cost '
$5,900 to $7,200, including the cost of land;
•
wliich
of
amount
and
proposed
a
'<y
ment
with
the Chase
National Bank.
Company's plant, located in
For Fourth Quarter '
Total for 1946
Wilmington, Del., is expected soon to begin producing in quantity for
v
" Regular Extra Total Regular Extra Total^
initial distribution to dealers in the area east of the
Mississippi River,
J—!/;
! A6 •
.40
.46
.245
.515 : .76 V j&y The "Harmon Homes" are of one story "construction and conven¬
„
Agricultural *!-.
against
record
and
total
(';t
several years the company has carried reserves established to,
contingencies in connection with Canadian exchange and other,
general business contingencies. In view of the improvement in Canadian
exchange, the directors voted to reduce there reserves by a "transfer,
of $500,000 from the reserve for
contingencies to earned surplus.
machinery and equip¬
carrying of inventories and receivables. Additional
working capital is expected to be made available under a eredit agree¬
,
'
two
/■>,*
■ ■
cover
Reconstruction
be
pavable out of realized profits.
'
brings
per
of
' /
Larger Monthly*
1
*t>
,
.
.J
—
S.J.For
Finance
Corp.
under
which, among other
the-company will undertake to -manufacture-and assemble
10,000 housing units^hy the end of 1947, and the RFC agrees to
pur¬
chase at 90%
of the corporation's price to dealers, or at actual cost
to the corporation after such cost is
determined, as many of the units
following dividends for the fourth quarter of 1946 are - payable
20 to shareholders of record, November, 1946:
"
'
f
13
*
' /'.?>..!
-r«.
declared
.f>trk»C.bl 1945.
things,
The
Nov.
of
of
Dividends
40
purchaser of from
The
$2,364,285.
dividends
be made tip
Nov."
registration
foundation,5erection,-'''..utilities'
»
declared
4
V $0.26
V-
-
27 -to -stockholders
Snare,, as
cents
earnings have
teompany, organized in 1943 by William H. Harmon and asso-;
ciates, which has designed and developed a new
type of low cost home
usual quarterly; dividends and
its various classes of shares which will amount to approxi*
directors
a
a
with
The
,y;.y ;yyyy;:'-: ,: y.y>: y ,v■ifVfy.y:-.
;
company 4)n
-
of
Group Securities, Inc.—Extra Distributions—
•
15
amount
1945
and
'
$0.83'
y
of 280,000 shares of capital stock. Smith,
Barney
be principal underwriter,
y
y
-•»
:The; contemplated offering* will represent the initial
mortgage 3Va%
general
eral
per
of 20 cents
stockholders
increase
each
$1,236,700
;
$1.23
■
offering
gold bonds, series N, due 1990, and gen¬
3Ve% gold bonds, series G, due 2000, up to and in¬
cluding Nov,1 26, 1946, may be made either with temporary bonds or
with permanent bonds; that beginning Nov. 27; 1946; only permanent
of
-The
Commission
12 directed that deliveries
Nov.
on
22
Dec,
E. Henderson, President,
year,
of
(WilliamHar^n
With SEC—
■
S'i ,--0, /^ V;ir.Vs'*,
Permanent Bonds Ready—
^
Nil
■$73,570
Household Finance Corp.—Financial Statement—'
an
figure after usual .deductions for depreciation,
depletion*
and amort zation, and after estimated
Federal and State income and
excess profits taxes,
fBased
1,334,995 shares of no par value stock
outstanding.—-V, 164, p. €83.
1947, the date set for
i/"'"/
Payment in respect of the bonds will be made within five days after
the surrender of such bonds.
(See V. 162, .p. 1513.)*
<
i1;
to
Tire
*
"
v
J?
1595.:^,.7,
.
?'■?;
redemption.
$3.55
dividend
| B.
;
Oct.
oh
29 .and
respectively.;. This
regular; ot
15:361
-
to
A
1947
*Estimated
July 1,
165 and interest to
receive
will
127,836
Period End. Sept. 30—
'
.
been notified that they may obtain prepayment of said
bonds on or prior to the close of business on Dec. 27,
1946, at The
First National Bank of the City of New York, 2 Wall St., New York.
They
,,."■110,963
v.CTl5,716
^
1943
Harbison-Walker Refractories Co. (& Subs.)—Earns.—
4V2& gold bonds, series E, due July 1,
mortgage
136,444
285,264
•
'
Sep.. 30f'46"'.
.
have
1977,
1,297,765
1944-
•Including
,
Great Northern Ry.—Offers to Prepay
■
$1,664,939.
1,835,034
penses,
the fiscal year ending Jan. 31, 1347.
t
$2,401.79.9
v.-
raw materials,
operating, selling and administrative ex¬
State, county and Federal taxes.
t3efore allowing for dividends
received amounting to $305,000 in
1946, $160,000 in 1945, $243,883 in
1944 and $4,370 in 1943.—V.
164, p. 2154.
*
1 $8,174,074
NOTE—The above statement is base.d on Interim figures and accord¬
ingly is subject to taking of physical inventories and the customary
/• Net
.1945
$2,809,547
2,237,242
Navs
17,
1946
.1946
and depletion
Deprec.
Provision
Dec.
$3,632,576
2,525,743
...
directors
payable
Calif.—Earnings—
,
income
oper.
•Costs, oper. and gen. exp.
Intang, develop.- costs
paid (less interest earned of $186,815) ——. 24,416
for Federal taxes on income (estimated)—,.
7,750,Quo
Interest
9 Mos. End. Sept. 30—
,
Gross
180.541.173
—
income of $84,445)—.—-—
(less sundry
deductions
Other
Hancock Oil Co. of
——$108,453,005
-
—
„
Cost of "merchandise
■
TWELVE MONTHS ENDED AUG. 31, 1946
INCOME ACCOUNT FOR
Sales
;
"
•
V..
•$ Mos. End.
-
shares outstanding.
common
Ilibbard, Spencer, Bartlett & Co.
Payments to toe Made in 1947— 1
.
'
(W. T.) Grant Co. (& Subs.)— Earnings—
-
-
•$417,772
$0.62
278,714
tm
.
$118,000
•&,.?*%
■>/;:*
h-'.NOTE—The company expects at this time that final results for the
full year will be such vhat ' carryback"'
refunds, if any; will be nominal*
in amount,, and has included no provision therefor in these
iigures.—
$94,220
37,531
>
reserve
for
contingencies,'
(par $25 per share),
share)-, $1,500,000; -surplus,
stock
$25-per
:• Bept. 30,'46
June30,'46 Mar. 31,'46
tEarns,/ per (com,
'
564,818-
:
$269,568;
preferred
ipar
Net
$659,039
'
-
1st
Hewitt-Robins, Inc.—Earnings—
it,1'!.))'J
"-v. J
—3 Months
T
,
income$457,045
and taxes-' 352,163
(est.-),
B
stock
$1,5913,529; total, $10,034,428.—V.
1946—9
exps.
series
to
;
with the SEC
share.
a
,?"K)
1
ineome
on
5%
common
$4.25
Mos.—1945v-C 1946—12Mos—1945 '
$473,803
v,:--$44#,396;$628,484
$647,886income-- .7,738
,-8,279
•
10,673
11,152
Period End. Sept. 30— •
remaining 3,534, shares will he^',«ffeied.to
Proceeds will be used to assist in retiring.
the
and
at $12
letter of notification
Of -the total the
to James Leenbouts,
a
common.
$1,000,000;
$3,487,000;
'
/
The
dian-taxes
13,
"
,
(&'Subs.)—Earnings—
'
Non-operating
•.
35 cents; and. Dec...-14,. $1.15.".(•
dividend of $1.06(4 per share on the
stock was also declared, payable Dec,
Monday, November 18, 1946
on
13,
quarterly
preferred
ofjrecord Nov.,, 15.—V. 164, p. 2154.
r
■
been*
stock.—V.
/,'■
B -common
each;
regular
cumulative
holders
appointed
50 cents
with
pares
March
•'
•
■"'••/
■
■//'• /■
■'
'CU
..
C*
....V
^
'.:'V®,;® 5 ® rti'•" '$•$■•?:. /'J®'® H/1:/'
\{
;,®>:®'-®:'®'®';.■.>•■■.-■"i..v,'-iAvV',;-V7.'^.,.,;':'t>'A:^.'-1
■,=.A/• '
;""'.
'®?®
■
'"
,
'
't
■
,■
Volume 164
,-!■'.
.
'.
•'
'[•
''®:, •'.''■ ';';',,
-.''I.
.,•
30^-
•'
.
.'1945
1946 •
proposal
Co.
shares
Exchange Commission will consider on Nov. 26
<
capital
stock
.' ;
Northern
render
States,
for
demand,
i.
Get.
In
by
Northern
Co.
States
Power
and
-
recognize
such
and
th6
fevise
and
issue
to
which
all
owns
J)»
the
of
cancellation
1975,
connection
with
to
interest
owed
by
outstanding
It
to
Northern
exchange,
first
the
on
standing.
securities
will
States
to
of
profits—™.:^.
."Gross
Profit
•
Profit,
shares,
6r
Other
1
i..M
—
;
$117,578
-
income
(net)—.'
TpfaT income
.
$121,$36
.
Provision. for. taxes-,-„
;——-
$337,924
22.H7
28,187
Reserve
Imperial Belting Co., Chicago—New Control—
vc6ntirig:«i:y
for
-
188,900
,
Net
Earns, per com.
"After
share
'
$0.25
of Newark, Ohio;
Dallas, Texas.
Indiana Associated Telephone:
the
$1.00
'
$0.81
.
""■»'•
f
'
v
4
"•
v
Period End. Sept. 30—
v
•Operating
revenues
Uncollec.
oper.'
_**.
rev..'—
$1,866,887
1,845
$2,031,177
"
'
•■•■-■
2,031
IoWat Ptiblic S^irtice
12Mohths Ended
$237,800
170,835
Operating revenues..
Operating expensed
$2,029,146
1,495,009
$213,661
126,995
_
$1,865,042
1,134,956
■
lease
for
of
45Q
272,283
£50
Operation
prop.
'Ket
after
«—V.
,
'32,548?.
J.
taxes
i
$34,367
charges
164,
,,
$36,256
22,415
.
$261,404
20,672
income
operating
Net
.
'
Operating
4'i
r-i;
50
.
^Provision
577,120 '
:
695,895
360,301
other
Net
,
—
l3'ther:lAcorae>(net):i*i™_—"i";29,194
y.<
s. :■ -•/
#.c..
'? J
.":•'■
s"
;>•.*
-•
♦/
Sept; 3D—
Period End.
Subs.)—Earnings—
,lnt. chg^,, specidl chgs.,0s other deducts.^.™.-""
mSZ&Mos.^,IMS-®. 1946—9M0S.~rl945
,
58,573,375
48,628,137
1,838,431
of
sales——
Deprec.
and depletion-
Interest
'^
Prov.
notes
for
4Prov.
v
Net
outstanding.™
2,016,017
1,633,105
4,899,315
•
,
applicable
NOTE—In
:shares
stock
•Y^ai'-End trividerid tit iO fknt& |||f|
issued
in
3.75%
first
year-end .cash dividend, of- 70 cettts .per share was declared on
30 on the 4,899,315 shares of capital stock issued end outstand¬
The
increases
^Earnings-*- ^
4
>
' :
,
'
and
additional
shares
137,333
164v :p, 1872.
'
' "J
•
of
new
'■«'
/
SeO,Brown Fence & Wire C6. above,
and
Inc.
Period
End. Sept. 30— *
1946—Month—1945
jSales--*:—™—$616,062 ' $279,843
.
'
1
'-t
\i"
J's
Zx'/'
'
\
Net
profits taxes (net)-
.
J'
of
3 944^
7-"
$7,776,539
1,432,407
.1,145,326
$7,573,983
1,091,443
$9-16.
$6.79
CEarnings per share_---._-«-—'
—V. 164, p. 2287,
■
•
—
will
used
be
1658.
i
ufil?,
"Vv
■'? 'Cvi^v'
on
Nov.. 6
decided
for
expansion purposes.—V.
defer
Ry.
action
"-Aug;" l','-Iast,. find
oh
each
Feb.
were
May "1,
1,
made
Aug.
oft Peb;
1
and
V—V. 164, p. 955.
1,
*
Nov.
1
22,
needed
plant
Rv.
vvi.''
incOme
ry.'
n
A
,
,
m***'
■
no-y-: j
■
Jm ■'j
-
''
;
of
assets
In
cash
or
Investment
'■■■■■
"
/
I
J., „\,-n I - *
^
■ ^
■
ji "
....
■
$712,240
159,081
164,779
/
4,223
op6r. income*
—'V". I64i p. 1723.
^
1945.
"
$487,205
$545,431
^
^ •• /
Minerals
International
'*■?
.A1
Chemical
&
Construction^
has
i'JPhuric acid plant
just
started
(net J3r)_*
raits" (net
ry.
ceeds
will
'i
I'
be
Number
Net
:
'>■
■
■ ■
■;
mew
addition
The
.Taw
is
expected
to be ready
for operation by June,
1947.'
"
571,000
®
;
in
162,000
renewal
v
>,-
Ann Arbor.
feet,
square
J'i
ACCOUNT
FOR
YEARS
JULY
ENDED
.;®
...
.
"
®
'92,974
v
.
723,257
481,029
273,193
■
136,826
10,744
:®® 38,529
>> 63,086
v®::'
37,390
,
$1,249,423
816,312
f$511,769'
inc.**
on
88,317
$13,356,244
r
taxes
•
$12,457,086
12,823,429
10,488,183
;
Federal
-.
'
1946
.
estimated
31.
$13,267,927 $12,364,092
*_*™®
Cr732,000
reconver¬
approximately
of
dividends
outstanding at
r
I
"
I
"
■
;
■
1,167,960
,
'
.
■
,,53,780;,
'
,
■ ■
■ -
$6,406,86-7
1,726,323
-
$3,904,291
$4,605,046
®
:
:
! '
j.
used
for
development of mining property,
issue not
BALANCE
1946
un-
shares
:
.
t$25.90 *
of
at
II1945 :i
$1,139,428
6,825
1,258,936
:
1,494,905
®
*
937,35?
112,955
:*•
77~i52
cost
less
or
exc.
(not in
of market) ®. 3,554,085
exc.
profits tax due Jan.
1,869,655
1,
■■•143,929
(estimated)
732,000
(' •'{■t "'•v;-
47,433
184,193
184,193
17,052
13,884
2,422~958
1,936,742
62,38?
82,832
92,697
160,909
354,801
"
iliifc"1"1
4 •
^_*
^Accounts.
■■■■
•
'
■■■ < ■■■
.
$9,870,598
$7,950,649
v']®.:..'
payabl£-L^*.i*i_^i*j*^®:^®®i*;® ® $697,553
$524,601
rolls,
pay
taxes and
418,273
382,009
842,596
other items
5Est. prov. for Fed. taxes on inc. & renegotia;*
First
mortgage
bonds
and
deferred
interest
377,583
f
thereon
Notes
(
89,085
,
27,800
July 1 of following year——_—*"
to- banks*.
bonds and deferred interest ®
$*'-
27,809
1.600.008
83,400
thereon,' due $27,800 annually—
Reserve for
$2,605,229
.
due
payable
First'mortgage 5%
$29.24
war
*;
Earned
a
.
1,819,520
387,647
1.996.009
250,225
4,028,117
1,034,863
109,977
1,455,715
1,274,855
$9,870,598
$7,950,649
:—
($1- pa"r. valufe)®:—*:—**_—**
surplus
;
*
111,209
250,009
adjustments*
*
convertible "'preferred
stock
($20 par value)
Common stock
5::
and post-war
cumulative
^Capital surplus i**i**.—
Appraisal surplus
decrease in
year
at
LIABILITIES-® '
5%
}
oil
31
(at cost)—
claims
^-r :V-^ ®
*
pfer share_i__™**-^_w_-___^**.:*™
SHEET JULY
J ..Total
V->Sept. 30,'46 Sept. 30,'45
Stock Fund, Series "S-l"—
$2,687,406
outstanding**
103.752
termination
;®
®"
$1.59
tBased
248,683 shares
r,
•Prepaid insurance and taxes*.
Deferred tooling' *****
*_:—i*__*_**—
$18,097,304 $19,818,875
shares outstanding—*_*_—«*::;
1,987,512
\ 1,854,519
per share_—*_*___*:_**j—■'; *$9.11
Co .$10.69
i
on
_*—•—_***__**—__—*_*_*:,®
years' Fed. taxes on inc.
Carry-back
claiihs
for
Fed/ taxes
on
inc.®
acquired from sub. in liquidation (est.)^__*__
tCost of common stock purchased for distribution- to employees
—*—;
Investment in subsidiary in liquidation
-fLand1, buildings, machinery and equipment
;
Inc.—Asset Value/
;'
,."..0
f Deficit,
1946 and
•
75,498
:
„
37,459
195,149
®
$0.96
********__*®;
July 31,
$433,111
97,873
201,458
:*_**
Est. refund of prior
asset value per share reflects the payment during
special distribution of 45 cents per share from capital
gains, as well as the recent market decline.
tThe decrease in per share
value was principally the result of the payment of a special distrlbif®tion of capital gains during the year in the amount of $2 per share.
the
'
•
plant will enable the company to furnish all the necessary
that it uses, in the manufacture of its Superphosphate
'
—*—.*—
;
—-
.
121,513
•.
'
own phosphate
•
NOTE)—Combined
net
the
tan
ddsigned for a different investment purpose and generally differing as to
the type of securities in which Investments are made, amounted to
about 9154,OOO.OOO en Sept. 30,. 1946,
which compares with approxi¬
mately $145,000,000 on
the corresponding date last year.-,
"*■
-
materials
Spartanburg. The company . already mines its
;, ••■
Servo governor business, which included sub¬
sold to The Pierce Governor Co., Inc., Anderson,
the
Post-war refund of
*__*-*
of
assets
♦The
sul-
and
"potash which, together .with, the sulphuric apid, represent the major
■cpfbponents iri commercial.plant- foods. At presdent, its manufacturing
j-faoilities in Spartanburg include an acidulating plant and a mixing
f.plant.
"
■••,•' /•'
• I'v.'
■ i'.--t-•
i
"When operating at tfull capacity,, the new plant addition is expected
*
to ""produce
about 20,000 tons sulphuric acid annually.'-'—V. 164,
p. 2410.
"'■/■"■•y -y
■;
«t
assets
Number
.as
announcement .further adds:•
"The new
of
assets
Net
new
out
18,125
$933,630
Invents,
On Keystone Common
ah addition tof, its present commercial'fertilizer
plant at Spartanburg, S. C. According to Louis Ware, President,, the
*
assets
Net
a
of
Mich., consisting
of 65,000
will be vacated shortly and tfie
®
♦Accounts receivable z:_*—
3,750,000
v
On Keystone Bond Fund, Series "B-4"—
Net
Corp.-^-Erecting
on
arising
-•
Rapids,
lease,
Cost of dies collectible from customers
: 1,580,000
:
Keystone "Custodian Funds,
'V
this corporattion
at" Grand
.*^*1—*«_—**_**__.*.
___.
shares
Accrued
r
by
•_.•
extension
an
resulting from carry-back of operating
unused excess profits tax credit
**■
war and post-war
adjustments re-
Contract
cofnpany on Nov. 5 filed a letter of notification with the SEC
104,375 shares (20c par) common, price, 20 cents at share. Pro¬
ior
Those
*:Sulphuric Acid Plant—
peaks
_,,•>
® 1946 v]®
The
®
.
i
banks has beeni
sales
5
capacity,
-
United States Government securities
$5,126,031
2,030
Net
•electing, to receive their share in investment securities, are required to
'notify the company by Nov. 25, 1946, according to' the notice.'
'
y
V, Upon, permanent closing of the transfer books incident,, to the
liquidation, the New York CUrb Exchange will suspend dealings in the
:$1 par common stock, it was announced.—V. 164, p. 684.
[r]
••:».
major
three
met.
*Rfevised to reflfeet amortization adjustments.
:
1,280,000
'■-j'®"''i*'
securities,
be
production
was
,
1,277,000
170,000-
$650,509
income*****
rents
;
the
were
used, '.
$470,231
$882,248®$7,683,831 $11,736,867
Dt)
Equip,
a
share
expenditures
again
was
Cash
i'.-"
190,000
143,D00
tributed pro rata to stockholders.
/•
~
1
% *
"
"'
Subject to approval of the above proposal, stockholders will receive
'"their
considerable
credit
possible short-term
•
July 3l„ 1945.
.
'
and
special meeting of stockholders has been called for Nov, 2.9 to. act
proposal that the company- be liquidated and its assets dis¬
•on
to
Cr250,000
,
159,
,
.$983,509
taxes**.;;
accruals*
tax
oper.
Jt: facil".
International Investing Corp.—To Vote on Liquidation
r
meet
to
amounted
the,company's total plant capacity
1946,
expenses
386,865
> Kensington Mines Inc., Seattle, Wash.—Files with SEG
\
of
care
■fEarnings per. common share**.,
-
May
order
1
$325,000*—
1946—Month—1945 1916—9 Mos.—1945
$2,654,861
$2,566,876 $22,375,805 $29,068,178
1,671,352
1,684,636
14,692,774
1 7,331,310
>A>
theg dividend
on
,
25 cents
expenses
Net rev. from ry. oper,
Other
November until next month's meeting, at-which
-time preliminary-audited
figures for the fiscal year ended Oct. 31
«re expected
to be- available. •-« -*
V,.!'
-'»/ 'I
'''•!• >r
of
rfeVenues——J
oper.
V--"
paid in
Distributions
.
Ry. oper;
:
to
in
for
Common
Southern By. C6.—Earnings^
Period End. Sept. 30—-*
.
Federal
directors
erratic
January;
is still far
$18,000,000 si
of
rate
Sept.
and
sion
Co., Mount Morris, I1L—Files with SEC
Proceeds
Kansas City
International Detrola Corp.—Dividend Action Def'd—
The
at
Profit for the year, incl. special cred. for 1946
Preferred dividends
company on Nov. 6 filed a letter of notification vhth the SEC
20,907-shares ($10 par) common> to be offered to stockholders in
ratio of one share
for each five held at $10 a share. Issue is not
.
•customarily
since
^
stored to income to offset partially
,,
The
p.
$6.94
capital shares-.*-*-^^::'
thfe
contemplated
orders
BrOf. bef. Fed: Inc. taxes & cretf. shown below
for
$22,127,486 $29,320,839 $27,744,383
9,011,500 21,544,300 20,170,400
$13,115,986
profit
Number
3945
.
is
Unfilled
twt> additional yeafs.
Provision for
1946—3 Mos.—1949.
$1,539,378 ' $935,156
.
i*k
ik'''
Kable Brothers
underwritten.
1946
-.-
income taxes'—.—
excess
attributable
and
previous peak,
at
are
profit
a
its
twice
increase
demands still to
■
Profit before
is
*
v
> t9 Months Ended Sept. 3(W
at
incomi
Tbtal
-
-
of
com¬
Estimated recovery of prior years' Fed. taxes on
4
'SALEB FOR MONTH AND 3 MONTHS ENDED SEPT. 30
This
Interest- expense-
shares
(
facilities.
income
income
-
take
to
sales
Reserve
'
out¬
not
are
material' shortages
Manufac*. Cost of goods sold (other than depre.)
Selling and administrative expenses
Depreciation and amortization of properties*]
Loss on disposal of properties**.,
r'-.,;
•.•■•,
,
by
company
'■■■!■
Net
common
stock to 549,333
outstanding common
shares
operation?
127,500' shares of common stock were sold to provide
of $2,934,004.
Bank loans were retired and)
to the general corporate funds.
will expand
loss
Subs.)-^
(&
Mta6hin69
the
total
248,683
on
production,
July 31, 1946
operating
feet and occupied under
OthCf
f Jim BfoWn Stdres, Inc.—New Name—
"May 8
Intctnational Busings
the
the
betterment
INCOME
1%% per annum); 42,500 shares of
137,333 shares of additional common
at
1,925
added
present
;-■
"
.
*
stock
of
issue
Of $15 par value.—V.
payable Dec. 2 to holders of record Nov. 15. Distributions of 40
cents each were made on .June 1 and Sept. 4, last..
■
;
;
y'
Prior to the Issuance of two additional shares of common stock on
1946, for each share held, the company paid $1 per share on
March 1, 1948,• and in each of the first three quarters of 1945. On
30ec. I, last yeaf, et year-end cash distribution of $1.50 per share was
made on the eld common' stock.—V, 164, p. 1722,
.
•
'? •■;-■ ■
^
;;■
:r;"v ■■ v...':
■
$100,000
preferred
stock.
'
of
amounts
•
stantial inventory,
due
series
and
Ind®:®®v®®®'®'®:®':®®®^
of 5%
first mortgage bonds 2%%
$13,750,000 of
1940,
August
In
v
®
refinanced $13,753,000 .of first
gold debenture bonds'; 38,542
company
end.
248,683
feet of floor space is being added at Ypsilanti, Mich.
This
a
year
ing,
■
the
year,
year
-on
of
furnishh
Thfe
from
$1,442,000
the
the
at
stockholders
share
expanded
caused
Ypsilanti and Grand Rapids to
$302,993
$1,750,000 bank loan (due, serially $750,000 on' June 24; 1947
At l'/a^V and semi-annually thereafter on Dec. 24 and June 24 of each
1
r"
:
bonds;
during
share
a
$1,600,OOO outstanding July 31, 1945 was paid in full
1945.' However, as inventory was increased dufing th^
option for
rQLfirst'^ preferred .stock and: 12,478 shares of >second preferred
and
1976;
stock
A
1946
June,
$1.59
equipment moved into another plant in Grand Rapids of
square feet,r which has been leased for four years, with a
to
mortgage 3%%
and retroactive
pay amounting to $1,812,650; $837,350 and $154,000, respectively, 01
.» total of $2,804,000 for
the nine months ended Sept. 30, 1946.
4
Net earnings fob the nine months ended Sept.
30, 1945 include
saccelerated. amortization, ofr emergency,...facilitiesTin conformity with
ythe Prerttfent'8 proclamation effective Sept; 29,. 1945.-
-Oct.
resulting
•
273,369
®'®®v-
31,
square
$637,896
334,903
$699,612
$97,873
on
-v
program;.
the pent-up
*
667,77^
-
-
of
share
regular
ended
year
the
considerable
a
cash
square
•«
-
•
,
•.June
v
••
the 12 months ended. Sept. 30, .1948
the deduction, for tgx purposes ofi
for
income
on
reduced
net
Tt>
refinancing of bonds. * An amount, equivalent to
this reduction is shown as special charges under income deductions.
Thelspecial-charges, and the reduction of taxes are. both nonrecurring
items.
The reclassification of thp special charges is in accordance with
the accounting requirements of a]regulatory commissfoh.
^
NOTE—Net earnings for , the
30, -1946, and Sept. 30, 1946 include strike costs
;
."—™
—
been
costs
7,228,617
1,633,105
9,900,773
$1.24 $2.02
.$*-*3
three 'months ende'd March; 31, 1946;
$1.01
.
have
1,776,000
4,927,473
4,899,315
yearnings per share.—*.
.'
Balance
,
726,318
■
1,086,730
$989,,171
preferred stocks——* 289,559
oh
Dividends accrued
4,399,000
[6,205,217
978,0001
——--
iheoine
;JShares
61736
2,978,000]
excess
tax
;
3,165,887
-
.
payment
1,015 preferred
31, 1945.
a
to
producing at a rate
required volume.
•....
established
$1,305,671
„
and
06t.
of
43,990
>>
1
income
^■Federal taxes
tax
inc.
Fed.
for
242,100
—
Fed.
153,690,511 181,678,843
132,137,923' 155,053,546
4,829,202
9,392,362
48,466,676
and
bonds
on
serial
.
55,666,680
201,334
t^et sales 8e other revs.:
•
$732,000.
compared with
as
i A lipe ofc credit for $2,500,000 with
i\
'
Net
■Cost
••
$2,075,901-
..
Steel Co- (&,
Inland
^
or
preferred
$10.78
war
Division,
shipments of
the balance
—$2,04$;707^ $£262,68|
earnings from operations*™
929
now
it-s
The V-Loan
a
911,593
Taxes
2410.
p.
depreciation-**
—a
than Federal income taxes__'__
of
In" June
339,906
433,401
for
after
outstanding
year to meet expanded operations and
made for equipment, substantial
bank
1945
AProv.^ for ^st. Fed.- inc. ■& excess profits taxes
$329,670
200,319
145,594
<
' 680,944
670,326
299,96^
^
•
.
—•
Maintenance
oper.
with
of
use
Specialty
$20,223,400.
$7,569,247.. $6,834,569
3,455,818
2,969,060
:
shares
$433,111
were
difficulties
its® scheduled
6ni
1946
v
Operating revenues'
.
Bent
-.
there
change from
for the fiscal
intense
Central
year
Co.—Earning^—
Sept. 30—
stock,
refund
a
$475,231.
was
to
Current
'
.
year
of
1946, and
payable under the existing laws.
.
r. (3) * Part
of the • 1945 net earnings is subject to review' by the
War Contracts Erice Adnfiinistra,tion J^ioard.—V. 163, p. 3286.
1946—9 Mos.—r945'
the
less
short
^
is the estimated amount of Federal and State
Provision for taxes
the
■••.•".
1946
production
i;
NOTES—(1 j The foiregofxig statqrhen't dbes' not l»ciude? any profit 6il'-.
less relating to" investment in sind advance to Intertype, Ltd., British
(2;
^ '
stock.
company
to
:
,
of
of
profit
scheduling by customers.
i
^eub$idiWr^;y§4;^
164*
''
1
•
®
.
equal to $1.36 a
shares outstanding
386,865
on
with
31,
to
much
provision for depreciation of $20,142 in 1946 (1945, $32,490)
months -and" $60,425 in 1946
($97,500 in1 1945) for nine
months!
special:
,
those of the previous year.
Sales volume was slightly in
that of the former year because of the acquisition of Central
Specialty Co. on June 1, 1945.
However, such volume represented a
tot threfe
Coip; -^-Earnings—
1946—Month—1945
$238,038
$213,875
238°
tt 2i4'
July
excess
taxes
•
preferred
Due
;
.
."York; Merrill Stubbs of New York; Furber Marshall
jHt. T, Cavanaugh of New York, and B, A. SKnyfef of
share
a
31, J.946 compared
standing July 31, 1945.
$179,672
A
$0.15
cents
After provision for the preferred stock equity at par, book value oi
common
stock was $15.46 a share on 386,865 shares outstanding
y 30,000
$223,120
$33,526
5
special.—V;
'
1
the
$360,040
150,368
,
45,060
.
$55,736
earnings.-
and
cents
Outstanding at July 31, 1945, after payment of $37,450 dividends
parable
Allvof ■ tfe capital stdcU. > Of r: this?• COh^any h&/; hfefen
by
'<3. L. Ohrstrom & Co., New York investment bankers, and associates,
4t was announced on Nov.
13. Established In 1909, Imperial manujla<<iurers cpnvCyer bejting f6r ,Industrial use. ""
•
In
announcing the purchase, H. T, Cavanaugh, a partner in the
Ohrstrom firm, stated that the acquisition was made for investment,
*nd no public distribution of stock is contemplated.
® •• ■
i
The new directors of the
company are: G. L. Ohrstrom of New
^
A
.
>».-
.
8457,628
$33,520
:
,50,90Q
15,000
34
was
number
average
cents
for
common
stock,
July
.
31
and 758 common stockholders
on
July
During the year 8,824 shares of preferred stock were converted into
9,922 shares of common stock.
:■
642,398
43,467.
4,058
•
Oct.
above-mentioned
stockholders
$980,322
—
f$9,941
regular
and
y ^
ccrhmqrt Stockholders of the company
844,485
:/
—
on
preferred
on
profit
credits,
computed,
so
compares
shares
$428,833
227,394
V
'
■■
the
1946.,
special
the
96
This
$1,273,318
$217,453
285,801
"c<Vs-
these
On
$403,379
& gen. admin, exp.
Sell.
cents
cents
record
,..
on
resulting from the ;
operating loss of $511,769 was incurred for the
This loss was partially offset by crediting
of $250,000
provided in prior years for recon¬
an
31,
reserve
a
dividends
on
rt'Vj:' 'f'-.'-V"?V/K(.'•'{
paid
expenses.
A further credit was obtained through
Federal
income
and
excess
profit taxes amounting to
After
ail-
waive
ended July
income
Of
1S48—9 Mos.—1945
.-.re
of 35
of 41
of
May T5.
were
version
:
'
1946—3 Mos.—1945
on
on Oct. 16 said in part:
reconversion expenses and other costs
Intertype Corp.—Earnings—
Period End. Sept. 30—
stockholders
1
Including
termination,
mortgage
;■■■
semi-annual
semi-annual
war's
($455,635 at June 30, 1946)
6'/c bonds now out¬
and: unpaid
past ,-due
to
made
dividends
John Airey, President,
year
such
such
Interstate
15,
.15
was
Kin^-S^fcley Corp.—Annual Report—
;
first mortgage
$350,000
for $350,000 new first mortgage bonds 4%, due
3,350 additional shares of Interstate capital stock.
and
May
Noy.. 15,
Nov,
cents
following
2288.
in exchange
1,
34
the
result, Interstate
action by, Interstate and will sur- :v
$966,000 fii'st mortgage 6%
bonds, due on
to
payable
of
1945,
shares:
(Wis.)1, The transac¬
^
.
To. accomplish
$i00)
(par
consent
right
Certificate—
12 directed that deliveries of
Common stock, up to and, including Nov. 26, 1946, may be made either
■With temporary certificates or with permanent certificates;., that ( be¬
ginning Nov.' 27, 1946,'only, permanent certificates snail be a delivery."
I
SEC
power
&
In
;Uanks.-asyrustee.^Vsv-' "•'•*W'
v
'^Interstate,, will
The New York Stock Exchange on Nov.
.yr-V. 164, p. 2410.
with
filed
"S2,"
distribution
•
•
bonds, due Oct. 1, 1975 bearing interest at the rate of i%, to be
secured by a1 supplemental deed of .trust to the Harris Trust & Savings ;c
to
Illinois Terminal RR® Co.—Form of
been
,■
to. amend its particles, of incorporation., to increase its au¬
capital stock from $250,000 to $550,000 consisting of 5,500
thorized
.
;
has
Series
(Wis.)—Changes in Cap¬
>•
;
structure of Interstate.
proposes
..
I
!
I ',.
' )
v
proposed are summarised. as follows;
Interstate and Northern States desire to
-.
*
I Holders of Cairo Bridge 4%; bonds, due 1950, apparently have been
feluctant to' accept the company's offer to redeem the bonds at any
time at principal plus interest to thq date, they are surrendered. Ac¬
cording to a report filed with the New York Stock .Exchange; only
$137,009 bonds have been tendered for payment since July 7,, 1946,
reducing the total amount outstanding to $1,925,000. Cash for payinent of the bonds is held on deposit by the United States Trust Co.,
New York, N. Y.,. trustee of the issue.—V. 164, p. 2287., T.®' _®
i.
''-;® V®®.® ••v®.®''
® ®®®/ ' ®.®
;
'
,
(Minn..);-and Interstate Light
capital
illin6is Ctehtraf *R&—Prepayment Offer—
;
*
tions
"properties',. Inc.,
■
declaration
A
,
^
merge the
Hudson River Power Corp. and System
Hydro-Elfefetric System, into Eastern New York Power
Corp., recently formed for this purpose. See V". 164, p.
the
"
,.
.
Interstate Light & Power Co.
Hudson #ivet PWer-Corp.—Hearing'on,Nov; i6^
and
■
■
ital Structure—
®
'/♦Based on 2,757,973, shares outstanding.—V. 164, p. 2409. ®,..•■ ;y
Securities
'f\'
,
Ltd.—Earnings—
'
'
.
Tons of ore
' 1,378,523 '1,957,913
-Net earns, after deprec., depletion and all taxes
$6,167,302 $4,253,156
'^Earnings per 'sh'are»itl'^L4«' ®; ® $2.34
y $1.54
The
|
COMMERCIAL & FIN
Hudson Bay Mining: & Smelting: Co.,
Sept.
J
•
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Number
9 Month's Ended1
r
V"1
::'"X'-
,:'
®'V'""':®.
® ■'I:'■ '''<•!;'"';,®
-;®\V.' ■■;^'."",S-/'^"':®/('®':®'®v7®
®-.•■®
■
i*'"
assets
Special Distribution—','
of
KCystdne Funds,
each
Total
•
av,
S. Treasury tax notes
amortization settlement. :
deducting U.
to
;
The corporation, recently, announced regular semi-annual distribution
cents per share ahd a special distribution from, realized profits
65 dents per share on the Keystone income common stock fund
'<.ir-jrSf.
tRepresented by 782 shares
1946 "arret
reflect
NOTE—Renegotiation
of
$1,036,000
in 1945.
EReVisfcd
/
.
proceedings for the year ended July 31,
1945
hot settled.
Thq amount of refund tentaitively determinfed hy
local War Department Price Adjustment Board is less than the amount
'.are
-
of 37
"•■■■-i.: -iV.®■■
—'
*
$17,359 in both years.
1,542 shares in 1945.
tAfter reserves for depreciation*
and amortization of $1,332,074 in 1946 and $1,134,616 in 1945.
§After
V
.
"of
„®——
♦ After reserves of
®
®in
'v,'
'v.;;"'"".V®:
.
provided and if the refund is settled on that basis, profit for the year
and: earned surplus would be increased approximately $45,000.—V. 163*
®p.
'3419®®:'
■•■" ®®
rriU:]® TV®:;.,®-v.- ,■.•'.
?
,
'/®.-•••
-•
..
• ■
.
,
2548
::1THE COMMERCIAL & FINANCIAL CHRONICLE
'
Y^^^vvMonday,' November.
.Period find. Oct.
/
.j,LIABILITIES—
:
164,
1872.
p.
'
'
:f? ''Y'
7v/.
:
1946—Month—1945
and
164,
1872.
p.
.
'
•./ i-v
^
'
•
...
1'.
..
;•
J.'•'/
,•'•••
•'
-and held
Kroger Co.—Current Sales 30% Higher—
Period End. Nov. 2—
•
Sales
?
1940—4 Wks.—1945
of
cents
18
been declared
has
share
per
/ Brlll.363
$38v71-6,-830 $40,342,216
'
N
.
company
lend
two
to
The
,
directors
the
at
those
29.
15,
on
In
".-■
each
quarter.—V.
.:■/■■
■
the company paid
1945,
cents
at
common
1946.
regular of 25 cents and
a
164,
of
rate
:
'
to
3%
the
Morris
are
now
balance
per
of
the
10
stock
and
cost
.
r
Loft Candy Corp.—Declares. 15-Cent Dividend—
Lakey Foundry & Machine Co.—Resumes Dividend—
V
the
on
outstanding
record
issue
June
on
of
dividend
a
stock,
payable
cf
common
Distributions
25.
Nov.
declared
have
directors
The
cents
10
cents
15
At
Dec.
each
holders
to
9
made
were
share
per
15
of
Jan.
y. and Dec. 10, 1945; none since.—V. *163, p. 2441.
Lane Bryant,
Inc.—October Sales Up 8.8%—
Period End. Oct. 31—
Sales
$4,113,059
___
,
value
capital
Distributions
f.
*
s
M
Lehigh Valley Coal Corp.—Earnings—
Period End. Sept. 30—
•:"
Cost
of
a dm.
from
selling
;
Profit
the
class
Nov.
,
Total
>
Other
income
Carrying charges
prop. & res.
Deple. and deprec.
Prdv.
Fed.
for
Net
71,016
739,007
680,378
172,515
206,995
10,175
4,910
2,548
3,369
'70,755?
corporate
_______
/
6,735:
1,168
•;
,•
1,955
j
V 1,958 ;
,
'
.$426,374
$805,982
"Z;7 .Yv:/'/'.
of
21,401,890
Profit from
Profit
mining and/gelling
transfer
Depletion" and
depreciation
for
Federal
Provision
fob
Pennsylvania income
income
13,025
tax
Y'
N«t
corporate income
164, p. 728.
-V.
5,075
tax.
;___.
$1,268,298
.
the
SEPT.
30,
_______
while
company,
that
announces
of
1946
the
will
par.
"it
result
Canadian
satisfactory profit."
William
G.
Bronze Co.,
Litchfield,
Institute
•v'T,"
*-:Y.
Cleveland,
Conn.;
of
•
further
no
subsidiary
will
f
"
'v
1
,
losses
at
ponfcinue
the
to
than
-"
•
have
of
The
Cleveland
Frederick Dellenbaugh,
the
on
been
7
Total
•
"■
\
—
l.'v
«
•
;
;
inc.___
&
V" "j
Dom.
of
Canada
inc.
taxes
Total
surplus
n n
"...
-
$3,377,613
179,695
Preferred dividends
.1
Sept.
com.
a
•
"30__ZZ1-1-
806,930
$2.72
CONSOLIDATED
BALANCE
SHEET,
-
;
1946
Accounts
securities
receivable—trade
.
(net)
30
;
current
assets
Total
'
f
assets-
and
2,606,514
146,434
117,910
$4,500,096
$8,563,018
2,062,593
5,093,008
7,095,285
;
deferred-charges
1
6,878 812
9,909^365
33,051,
•
11,377,340
•
529,080/'
30,940
9,412,207
454,863
54,106
$552,930
$496;87S
- '
I !
1946-Z3
MoS.—1945
$60,395
14,337
54,108
1946—9 Mos.—1945
$52,708
$167,514
13,010
income
346,401
________
50,013
$170,321
40,164
1,076,014
1,550,763
income for period
18,279
4,000
.
;
/
$25,'9l8
',
•
69,459
55,974
10.500
Period End.
'
26,508
Net
'
bef.
Fed.
Prov. for Fed. inc. taxes
four-for-one split-up of
$
'
./■/
;■;
$
4
^
j,' Y'
v
133,248.1l3til3,083,178
16.342,021
6,209,968
13,746,726
10,151,95?
10,132,053
$6.89
$1.49
.«
1946—9 Mos.—1945
~
V
1,033,819
$20.31
rental/ income
""Includes
$2,970,068.
4
3,046,089
—
prof, per pfd^ shr.
§N£t prof, per com, shr.
/
~r '$56,334
1 $0.17
$0.14
;
"
44.574,503 *35,736,425
4,913,047
3,953,419
1,868,958
2,919,600
taxes__
Net profit
^
^
sales
Earns,
;
1946—3 Mos.—1945
^
l/
'1
$55,893
*
$0.06
1
Co.—Quarterly Report—
Sept. 30-/
*
'
$19,808
'
$0.06
/
Marshall Field &
,
a
$138,808
>
—V. 164, p. 1724.
-1,076,013
1,550,763
•'
8;651
$135,852
$130,157
•
,
23,687
8^500
/Earned per share______
$2,702,149
807,010
"18,351
$^42,085
$117,501
:
370,099
>
$3,203,304
1,163,072
$39,698
2,388
.
$58,105
Prov. for Fed. ine. taxes
1,655,718
'
'.
.$46,058
12,048
.
deplet/,'
dry
holes, leases forfeited.
$4,846(497/ $4;357,867
"1,643,193
•
'
*
-
3,594,769
$67.55
$23,9?
$4.97
-
t$1.66
$0.45
of
$968,300; / tIncludes .rentaL Income of
fBased on preferred dividend requirements at end of
SAfter preferred dividends.—V. 164, p. 1724.
period".
the authorized
21,500
shares
Master Electric Cb.—Dividend Rate Increased—
of
/ A quarterly dividend; of 45
common
compares
—V.
with
a
a
labor
with
on
a
marginal
dividends
no
on
their
Nov.
on
declared
6
of
25
on Jan.
2, July 1 and Sept.
stock distribution was made.
the year 1945,
164, p. 2411.
profit basis,;
capital.
1
'
i
June
paid
'v.1 ' 'Vs,;* YY1'
in
Maltine
,
-
offering price
stockholders
The stock
of record
share for
each
expired Nov. 6.
.
,
ORGANIZATION AND
1898
in
York,
New
business
of
the
$100
was
Oct. 9
10
in the basis
common
„
,
^V' -C
purpose
of
one
80%
over
prescriptions
Sales
of
the
for
sales
sale.
Maltine
of
volume
is
in
products
as
vehicle
a
nutritive
OUTSTANDING
pany
is
$1,520,000
various
consisting
of
$100), none of which has been
stock (par $25), of which 36,536
.'
Of
held
requiring
pre¬
4
.
VOTING
have
a
issued,
shares
deposited
1938,
Rodney
C.
income
and
of
48,800
shares
under
a
shares
trust
Chilcott,
voting
which James C.
Ward, Secretary,'Treasurer
of
of
the
agreement
President
ar.d
the
stock
of
38,692
57,251
$3,334,609
1,267,000
$748,048
.
;/
•
shares 'outstanding—*
per share—
164, p. 1724.
,
259,509
$2;067,609
$488,546
1,617,921- *1,617,921
$0,82
Nil
4
'
Corp;—Earnings—-.
$7,502,215
bef. all Fed. taxes
for
all
Fed.
•
/;
dated
and
stock
of
Director,
are voting
profit
Profit
//
.546,103
/
share
per
*But
after
r0:
providing
Sept.
liabilities
foreign
income
figures
at
.'
$501,084
$1.84
/;
$3,041,500
$0,961;
1946, current assets
$6,011,451
including
and
State
same
the
/••.
30,
of
date
last
163,
...
p.
•
and
year
other
were
were
taxes.
9 Mos. End. Sept. 30—
after Fed. taxes--
Contingency
;
Net
No.
«—V.
reserves—
profit-_i
of
$2.7
for
oth<
capital
h/. *' j
-A >"'■/!. Y'!.
1946
and
$7,513,299
-1944
$1,346,018
200,000
200,000
570,09}
/ • $2.66
;/
—4;
$2.00
>-
■
-
''
J943
^
$1,334,089
$1,222,139
200.000
.200,009
$1,134,089
579,376
,$1,022,130
537,909
Y $1.96
$1.74
J
572.000'
.
Y~.'f'.
Subs.)—Earnings
1945
"
$1,714,401
"'7'"
and
YV-''''
$1,514,401 -.$1,146,018
shares--
share______
-163, p. 2442. per
against
Federal
corresponding
'Y;Y\/vYY'iVv'::-V."
-
-
for
The
$11,527,568
2442.
••
-Profit
^Earned
and
$14,089,222,
reserves
McGraw-Hill Publishing Co., Inc. (&
'•
$1,461,11
$5.82,
for reserves for ail other taxes
taxes
respectively.—V.
....
'
-■'•
'•,4
.
NOTE—At
current
Y $960,244
_T—____
/purposes.
(par
as
Net
"
1946—9 Mos.—1945
$6,124,198 $21,298,362 $10,075,169
1,758,376
4,896,302
5,135,214
1,257,292
1,854,802
3,674,108
.1,506,347
taxes
4
■
1946—3 Mos.—1945
-
sales
Prov.
com¬
common
common
Director,
52,771
'
profit'
•
♦Prof.
.•' V!"
of
preferred
$858,068
provislon—a-
over
fleductions
Period End. Sept, 30—
and
shares are now issued and outstanding.
shares of common stock outstanding 30,960 shares are
voting triist agreement.
;
; /
/
TRUST AGREEMENT—30,960
been
14,
and
3,000
$676,043
182,025-
$3,373,301
income
McCalL
Net
.
physicians'
'
capital
126,255
Common
malt
authorized
1945
$8,069,588
7,096,474/
\
297,068
$3,204,046
169,255 /
Earned
—V.
the 36,536
under
1946
./
Net
medical
SECURITIES—The
Payments
15,306,222
.//;/ ■;
Profit' before' taxes_____
Prov. for est. Federal Income ,taxes—__
ac¬
property
/■lY/.//Y.'/Y/
(a
for
the company one
cents.
$18,636,523
expenses-j
Maltine
of
15,
35
1211,
p.
Sept. 30—
/'■ '■'
incorporated Jan. 3,
was
acquiring
July
on
disbursed
1
___—
sales and
Excess; renegotiation* refund
extract) in combination with
agents, formerly comprised a
large proportion of total sales, but since 1939 the larger proportion
of sales has been of various pharmaceutical specialties, the relative
proportion of which has been steadily increasing.
and
of
Other
'V
Manufacturing
Co.,
established
in
1875.
Company is engaged in the manufacture, distribution and sale of
pharmaceutical, medicinal and biological products numbering approx¬
imately 30 items. •_ Its advertising is directed entirely to physicians
and
sales
Rights
;
,
BUSINESS—Company
for^ the
paid
March
share.—V. 164,
common
shares held.
,
dividend
on
1,
cash.
share, plus
first offered to
was
and
Operating profit
-
per
quarter.
share
per
on
each
Maytag Co., Newton, Iowa—Earnings—
Co., New York—Preferred1 Stock Offered—
^astman, Dillon & Co. on Nov. 7 offered the unsub¬
v
previously paid
Deprec. of fixed properties (& amort, for 1945)
cents
was
stock
totaled $2
per
Total
X
s
the 300%
paid 50 cents
Sundry
"•
_
per shore was declared on Nov. 8
10 to holders of record Nov^ 25.
share
an
.Prior to
June
.
i
Dec.
per
both
Cost
1, last, and
total of 50 cents per share
a
,
»;/ ;"J'}
,
cents
a regular dividend of 20 cents per
extra dividend of 40 cents per share on the common
payable Dec. 2 to holders of record Nov. 20.
A regular
distribution of 20 cents per share was made on
Sept. 1, last.
and
stock,
500,000 shares of common stock outstanding,
15 to holders of record Nov. 25. Distributions of 25 cents
made
35
13, the directors declared
share
9 Months Ended
dividend
a
with
May, McEwen, Kaiser Co.—Extra Distribution—
share each in January, April and
total of $6 during 1946.
During
other costs up and the company
and
Government
the
months
ben ts
payable
164, p. 2288.
On Nov.
paid $1
making
stock,
This
.
for
for
the
on
,
October,
went
20%
June
$38,716,830 $40,342,216
3,703
$560,983
Deprec.,
$3,987,768
1,246,905
807,011
year
crued dividends.
1945
12,052,761
Property, plant and equipment (net)_.
Other
.
$5,566,712
Inventories
Other
SEPT."
(Excluding Link-Belt Ordnance Co.)
ASSETS—
Cash
Marketable
269,395
$1,922,432
1,163,072
____
this
in
The public
$2.46
•Including selling and administrative expenses, less discounts
received,
provision for depreciation and amortization of
property, plant
:r'.
•••■;•.. Yv»y:-Y •;
■.■:';.
r>Y-c:\
f
Total; income
scribed portion of the 2,900 shares of 4}4% convertible
stock (par $100) not taken by subscribing stockholders.
49,053
174,188
m
1,363
$607,037.
- 54,106
$717,370
1,252,665
"
approximately
a
-
; v
806,930
496,876
'
$663,264
-*—'
Operating income
„
1,186,521
early this month authorized
materials
were
In
13,252,833
before
"
1,960,065
196,631
common
t
$1,981,799
$14,847,033 $13,245,245
_____
profits taxes-
operating income
Oper. exps. & gen. taxes
(Ky.y Textiles, Inc^-Split^Up Planned—
directors
the
—V.
■
Y 603,740
.
Mairacaibo Oil Exploration Corp.—Earnings—
Eversharp, Inc. above.—V. 164, p. 2054.
The
on
6,502,000
;
-
excess
Period End. Sept. 30—,
Magnavox Co.—Declares 25-Cent Dividend—
:
and equipment.
v.-.
$95,693
451,584
Magazine Repeating Razor Co.—Merger Plan Effective
to Be Liquidated—
41,766,900
: /.614.680
stock
No. of shrs. of com. stk.
outstdg. at Sept. 30_-__
Earnings per share common stock__
COMPARATIVE
125,761
$108,796
in 1945
$16,057,428 $15,234,633
1,210,395
1,162,406
U':,>"
___i
Exps. of issuance of 95,978 shares of
surplus,
1,225,510
$2,972,706
1,234,061""
however,
war,
ferred
—
dividends
Earned
■" i:. ■' " '
1,451,000
premium on preferred stock redeemed
Y
■
$2,193,906
13,863,521
y
___
surplus
Common
w,
'
earned
". 104,913
and
Gross
38,470
85,166
$2,323,247
$3
stockholders
$41,821,245 $50,865,380
__—_
Net income
Previous
103,304
1,231,528
38,499
*3,557;308?:$3;169;33?
company
making
j
•
$225(626
1,961
earned supltis end of year—
—V. 164. P. 2288.
1,833,000
887,035
,
115,500
_________
value
and
the
retired,
^
2,882
-Bal.
output
payable Dec.
7
-
2,208
8,172,696
1,842,305
dividends:/.—
1946,
•
$283,153
■
2,365
Other
deductions
each
\
,7
*Co8t of sales___i_
Federal
8,296,191
1,576,201:
2,023,000
924,799
1,656,600
income
par
July
\
Co.)
13,303
$223;489
44,145
i'
>
outstanding
The
U'A'-'I;-
Link-Belt Ordnance
,
$205,056
7,988
12.58X
1946—12 Mos —1945
28,837
947,375
directors
■ --
$203,473-jr
t, 6,712
4,634.
.
Graphite
Jr.,
—37,688,302"
Deprec. and amort, of prop., plant and equip
488,036
Prov. for
1
in-
dividends
495,002
<
7,413
surplus
Dividends paid
capital- shares and increased the authorized stock
21,500 to 86,000 shares}
; /
,
/
The stockholders will - meet da Nov. 26 to - act/on the above pro*
r
faculty
of
Massachusetts
directors.-—V. 164, p. 281.
<
elected
.._f.:; .('a,*:-../
\
•
^
*.
/
1943
$1,190,981
494,855
491,069
12,531
Net
Manager
formerly
(Excluding
-
4
"
York.
,
630,450
■;
.
■
$234,378
—i
Total
VVf
'
6,103,735
28,850
taxes—
taxes
-■*..
______
reported
were
preferred
New
-
income
TTie
parent
show
592,617
'\v'r'"
on
,
^
1946—9 Mos.—1945
profits taxes."
income
See
:i
;
record
for
9 Months Ended Sept. 30—
/:'/;-/■ Y/'Y/ 1946
Y' 1945 &
Net1 'sales "to customers, less dlscts. artd a'lldw1,1!'$41,735,579 $50,763,843
Other income, less sundry income deductions
85,665
101,537
.
1946
of
last, and
contractual
income
Electric
the
21,462
that, operations
•Link-Belt Co. (& Subs.)—Earnings—
'
1,
the
Co.,
1944
804,433
expenses--
operations,,
income'
from
$4,349,357
.
estimated
'
1946
carrybacks
co.
is
in
O., and Dr.
and
.v"';Z
T;;:
o
holders
June
both
Profit for the year__—_____
$164,439
Balance of earned' surpluS—,
552,930
Adjust, of reserve for mktble. secur.
stock.
After
the. split-up
the company will
50,944 of the newly, authorized 86,000 shares of no
par value stock. Declared value of the issue will remain $675,000.
The split-up would be accomplished by delivering, to
present stock¬
holders three new shares of no par value stock for each share they
now
hold, so no exchange of certificates will be necessary, J. Alden
.
Works
Technology,
■
to
1
The
(
have outstanding
-■
Laffer,
Dec.
made on
were
6,139,208
Louisville
;Two New Directors Elected—
/
1,4
;
t
which
$1,000,000.
Trust
1945
Net
$1,021,041
______
company
last quarter
.'
of this company for the week .ended Nov, 9, 1946,
totaled 32,590,000 kwh.,
hours as compared with 23,936,000 kwh. for
the corresponding
week last year, an increase of 36.2%.—V. 164,
p. 2410.
'
(& Subs.)—Earnings—
MONTHS ENDED
profit, after Canadian taxes &
The
v,', Y'Z' ;1
Bankers
Interest paid
__2__
Obsolete material destroyed
;
Prov. for Federal and Canadian in¬
dividend of 25 cents per share on
Dick, President, said.
Presently outstanding are 12,736 of
RESULTS FOR NINE
—™._
2
on
$14,954,211 $15,155,760 $20,035,391 $20,427,072
Miller, Secretary, said.
Net
Total
posals. A; H.
Leland Electric Co., Dayton, O.
Sales
/|
"r
Weekly/Output—
,
.
and
be
laboratories
facilities
of
for
agent
be
S0ld_.___-.__j.
from
''
SOTE—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
'
Profit
$5
Nov.
1946,
and
new
excess
(Md,)—25-Cent Dividend—
a
payable
\
revenues
Preferred
no
'
record
1,
these
in
Income from investments__^__^w___
Profit on sale of securities
/
"4
i'
'
.
taxes)
Common
5,177
'
value,
par
"'
operating
Net
846,814
281,120
11,297
163,790
Minority interest
'
the
on
)
with
will
■
Net
71,898
..
976,425
Provision
"
,
{
income
Income
$2,666,700
429,351
393,644
117,264
\
■>>
of
Gross
1,127,004
lands.
coal
res,-
no
will
j'Z1:'/Y-V-V"/'v ''tc"
,
1956.
together
STATEMENT, YEARS ENDED DEC. 31
etc.
$1,439,695
debt
idle prop; &
on
stock,
"
-
•'
exc.
Net
,38,108
,
$2,937,523
funded
on
Selling, admin, and gen,
*
Fed.
646,131
1,312,272
income
/
Dec.
(other
come
'
Total
i
Federal
Other
$1,625,250
Carry, charges
recently, declared
capital expenditures &
/limited-term invests..
3
$1,401,586
-
Yi/■' 13,973.,
Other income
Interest
1
Taxes
1945 a
- '
$1,611,277
profit
^
*
936,427
•
18,755.996
680,130
coal
•
operations '
other
on
Total
■
pj
expenses-
"
,
$654,424
.
;'/7t:
Selling, general & administrative
"
"'
'
M
of
June
on
1,374,750
——i~'* $23,693,298 $20,803,715
coal
Cost Of7 sales
made
were
1,124,-315
CONSOLIDATED INCOME ACCOUNT 12 MONTHS ENDED SEPT. 30'
Sales
holders
to
1,564,750
State
income ,/.;! $406,051.'
-
to
on
<
recently declared
1
Maintenance
54,585
81(645
/.
tax
Minority interest
1
M":
s
Amortiz.
19,152
•
each
was
Dec.
Depreciation
Pennsylvania
income
.
inc.
''
»
cents
Period End. Sept. 30—
308,606
334,728 % ..'I 222,452
tax.
for
Cost .of goods
1947
made
7,
Was
- >
1, last year,—V. 164, p. 2155.
Operation
$1,913,270
293,092
24,816
____
Prov.
$2,094,337
101,156
A
and
Operating
^v
coal lands
;
.
1,
$1(631,420/.: $1,328,926
of
Louisville Gas & Electric Co. (Ky.) (& Subs.)—Earns.
985,375
.
1
.
'*
4
/
$927,902
990,505
$843,804
97,225
idle
on
$1,163,830
486,930
$952,371
•
debt
*
%
payable
12. Payments of 12 cents each
-./&*'
33,693
$356,872
•
..
349,488
distribution
1, 1945. Arrearages as at July 1,
to amount to $74.44 per share.—V. 164*
p. ?155.
a
$894,209
$1,153,693
.10,137
9,743
,
.
$602,942
...r
—
_
funded
on
3,506
v
,
profit
income
Total
Int.
$347,128
$599,436
-2/
other. oper.—
similar
A
plant
new
of
■
dividend
come
mining and
coal
on
'
stock;
10
The directors
.,.
June
Profit
1946.
Long-Bell Lumber Corp.
;
$5,481,728 $17,925,148 $15,101,275
4,976,815
16,253,192
13,731,670
157,783
.518,262.
475,395
165,483
exp._
common
16,
;
1946—9 Mos.—1945
1946—3 Mos,—1945
$6,421,137
5,656,216
sales
Sell., gen." &
of
June 1 ana Dec.
Sales of coal
the
on
Dec.
.
par
•pV. 164, p. 1872.
'
record
9, and July 16, 1946.—V. 162,. p. 2395.
A dividend, of 20 cents per share
;
Y
share
per
of
directors declared a
stock, payable Jan.
the
13,
Nov.
on
($275,5001,
aggregate1 $750,000,
the
cost
Net. sales
Nov.
on
Long-Bell Lumber Co. (Mo.)—Declares Larger Div.—r
.
>
1946—10 Mos.—1945
$3,781,443 $37,290,893 $30,418,262
1946—Month—1945
cents
holders
this
on
meeting held
a
to
estimated
stock
common
CONSOLIDATED INCOME
"
of
total
is
AGENTS—The
the
maturing
company
if any, will be applied in reduction of the
■'■'Vv''. >
proceeds,
-
the
expected
The
J.
construction
TRANSFER
of
to
are
construction
N.
and
annum
which
Plains,
under
foregoing loans.
••
extra
an
an agreement dated
America and Banker*
has agreed
to lend
of
installments
loans
2155.
p.
into
Co.
Prudential
company
more
from
applied
have
declared a quarterly dividend of
50 cents per
stock, payable Dec. 16 to holders of record Nov;
This compares with 35 cents per share paid on
July 15 and Ocri
last, and 25 cents quarterly and 10 cents extra paid on April 12
the
on
which
Nov.
on
the
or
♦
Lion Oil Co.—Increases Dividend1 Rate—//
the capital
stock, payable Dec. 14 to holders of record Nov. 14. A similar dis¬
tribution
was
made on
Sept. 14, last, while in preceding quarters
regular dividends of 20 Cents each were paid.—V. 164, p. 2410.
of
dividend
U
'
"
entered
Insurance
under
PURPOSE—Net proceeds
Dividend—
Lake Shore Mines, Ltd.—18-Cent
A
.
.
amended,
as
15, 1946, $375,000; and Bankers has agreed
the sum of $375,000, either at one time or
of $75,000 each, or
any multiple thereof,
on such date or
dates.subsequent to Oct. 31, 1946 and prior to July 1,
1947,- as the company shall fix by one day's notice in
writing to
Bankers.
The loans are to be evidenced
by notes, in the case of the
Prudential loan bearing interest at the rate of 3.8%
per annum and
maturing on Nov. 1, 1961, and in the case of Bankers bearing interest
15,399,543
•
the
to
13,245,245
'
/
Co.,
in
in
stores
share
•
to
149,188
•
depositary/ The voting trust agree¬
,V; r- if-
14,;. 1948."
29,- 1946 ;with Prudential
Trust
1,386,585
153,381
stock'—JDrlll,363
treasury
as
stock .reacquired
com.1
Aug.
;' 5,163,564
15,399,543
14,847,033
—__J_
of
; Total'
—V, 163, p. 2998".
1946-—44 Wks.—1945
j
operation during the four weeks
ended
Nov.
2,
1946, was 2,639, compared with 2,764 stores in
the
corresponding period of 1945.—V. 164, p. 2019.
number
average
'
_________—
June
is
Y,.- LOAN AGREEMENT—Company.has
_
$36,929,932 $456,193,621 $370,923,038
__v———1 $48,185,956
The
fluctuations___l-i_.t;';
exchange
stock
Earned surplus.
of' 7,114 'shares
-
(The)
Cahadian
/Cost
\ \ .V
->•••
for
Common
>^
••
•"
v
for
Res.
ment -terminates
403,465
.-
1,040,521
prof, taxes-and contr..settlements---v'3,385,511
inventory price decl. and other cont.__Y;-;l,307,948
exc.
Res.
'1946—10 Mos.—1945
$12,751,037 $10,457,324 $112,696,486 $95,303,188
—V.
$3,665,464
Y;
Y,;-••'"''A'1"
•
(S. H.) Kress & Co.—October Sales Up 21.9%-Period End. Oct. 31—
Sales
•
'
•v
-
:
trustees and Bankers Trust Co.
.
—V.
'
v,!'..■v-
^■Accounts^payable and accrued^^liabilities—:.—Y $2,475,265
,<1946ii-Mohth—1945;» "• 1946—10 Mas.—1945 <
Common stock dividend -payable'Dec. l—Vi.lI—;' ;
403,465
$21,776,601 $19,030,878 $186,067,430.$168,985^25- /'•Prov. Ibr taxes other than Fed. taxes on
lnc._i'|; .r856,045
/
Prov. for Federal and' Dom.-of Canada income
31—:
Sales
.
'"''V
'■
"V
■
J8, 1946
■
.
(S. S.) Kresge Co.'—October Sales Up 14.4%—
■7-
«
•
•/
-
-"
•
Volume
directors
the
Nov.
on
declared
5
cumulative
dividend
a
of
cents
15
sha're
per
;
'-v
Mercantile Stores, Inc.—October Sales Rose 35.7%— ?%
Period find! Oct; ill—- 1-1946—•Mcnth-^1945
1946—^ Mos.—1945 Y:
v
,
Sales
-*-V..l64, p. 1873. rsa.
\P:-',y^ ;,:„^^PhwZ
Selling,
Fiscal Years Ended June 20—
Sales
-
-
•
•
*
i
^
Earnings before Federal income taxes.:
federal incorfie taxes—-
Net -profit
r
1,599,319
Earnings per share
The
end
of
the
current
assets
—
106,896
4
186,631
after
income and
!
249,375
249,375
3,179,000
244,000
Cr669,000
Quarter
result
a
Co.
Paper
cents
material,
Sept.
30,
p.
income'
Net
$365,277
—
$342,149
the
of
declaration
;
of
dividend
a
:<
,
• •
,
the
by
;
Balance. —•
•
penses
on
for liquidation
Provision
54,772
-
estimated
$257,785;
tax- payable,
-
the
stockholders
various
Oct.
on
25,
,
? 1
*
on
' "•
$50,675 V
preferred stock
4,000 shs. of $6 second preferred stock.___
71,531 shs. of common stpek.
11,531 shs. of 6
•Total
-V.
198.00
•
164,
;/,•■;
12 Months Ended
13.82
•
988,694
'
886;642
21,379
587,351
—^
v
Operating revenue (gas)—__j__
___
-purchased for .resaler-i,--._u-r-_i-.--__»i^
Operation
;
State,
1,759,155
of utility plant acquisition adjustments-
Amort,
,
P,\ Opera ting income
Other
income
,
(net)—
Total
income
•Gross
-.VAmort,
on
EARNINGS" FOR 12
*'
.
63,421
2,134,086
63,421
;
•
other
of debt disct.,
General
interest.
Interest
charged
-
Miscellaneous
prem.
and exp._„_______
—-
construction
NOTE—No
income
deductions:.
J
•-
L-
---—__—1_
income
Dividends
oh
preferred
stock
States
61,128
;Baiance
p. 1873.
.
.
Operating
164, p.
1946—Month—1945,
purchase
Register Co. (& Subs.)—Earningsin
♦Net
1725.
$0.81
•
oper.
rev.
.
..
-
not
Egyptian,
free, prevailing at Aug. 31,
of exchange, official or
1946.—V. 164, p. 2055.
94,038
Corp.—Increases Dividend—
National Dairy Products
directors
on
and an
share,
per
quarterly dividend of 45 cents
additional dividend of 10 cents, both payable Dec.
7
Nov.
declared a
of record Nov. 19. This compares with 40 cents paid
on Sept.
10, last, and 35 cents each on March 11 and June 10, 1946.
Four
quarterly distributions of 35 cents each were made during
10 to stockholders
g|
"
$1945.—'V. 164, p. 2289. ;
National Securities and
Nov.
It Is announced that on
shown
amounts
The
tion.
are
; ,J
.
income
"V J
:
.
.
Research Corp.—Distributions.
30 the following funds sell cx-distribu-l
estimates of such distribution payable
six cents per share and on industrial
series,
stocks series,* seven cents per share.
v
k Distribution previously made this year" per
On
15:
Dec.
on
*'
•
.
*
.
share on aforementioned ,
'!i P,'\^.. V."
'
Sept. 15
Junel5
April26 . Mar. 15
On Income series__>___!^
•
$0.10
$0.07
$0.08 •
$0.12
On industrial stks. series—.
0.06
0.06
0.12
1
0.12
On Nov. 15, the following distributions were made out of investment
income rto. shareholders of ..r.ecord, Oct. 31,:. Q,n preferred stoqk, series, *
16 cents; on 'stock series, seven cents and on selected groups series,
funds
as
are
follows:
*
"
v
_
i National
12.87%—
!
:
.
164, p. 2055.
;
Perlbd Ehdi
••
■
bct.
J2,lll',018;
.jo
'
-
;
Delaware*.
.
1
P" '
' r
V'$1,332,627'
-y-V. 164, p. 38741. *■ "
:
of
Shops
Shirt
Sales
$11,278,138
$1,180,694
"4 ' ;.
-
i '
Inc.—Sales -Up ;1 ,
W'J
'm'Mos.-rr-1945
,/*
$
$8,012,489
'■
• -
National Tea Co. (& Subs.), Chicago—Earnings—»
i 40 Weeks Ended—
♦Net
Qgv
Oct. 5, '46
-
-
profit
Egrrtc
.
f>.o~n
sh"" "
Oct. 6, '45
$1,677,556 ij$b3b,400
•• '■ -
"
•' f
;
Oct. 9, '43
?$i43,101 $$ $86,643
Oct. 7, '44
$0.04-,
'' SO.61
*sV. H-' :
In 1946 and
1945 income taxes (no provision for excess profits tax), were $1,270,000
and $420,000 respectively; 1944, $320,000; 1943,. $60,000; also, m 1944*
re&erve
,u\jo ugaiiwi cuneuv
v»»o oqi, up.... .+After
deducting loss on sales of company ownea real estate /in amount,.
depreciation
and Federal taxes,
etc.
a
^
•>'
$286,546 in
,
1945 and $26,118 in.
SALES" FORv 4 AND
Period End
Sales
The
.
-
Jugoslavian, Netherlands, Portuguese, Spanish
Foreign currencies were converted at rates
997,099'
151,207
1946—9 Mos —1945
»
$1,54
•
.
included; Algerian, Belgian, Chinese.
French,
German, Hungarian, Japanese,
and Swiss. ;v •
,!.. ./
profits
NOTE—Sales -and
Czechoslovakian,
704 at
6,465.
$1.51
depreciation,' Federal Income taxes (for first nine months'bf
1946, $621,035; 1945, $999,592; 1944, $1,036,542, and 1943, $1,036,735), ;
and excess profits taxes
(for first nine months of 1945, $1,318,000;
1944, $3,681,000, and 1943, $14,682,000).
*
* ~
r ;
•After
59,728
.12,152 VvV.
2,517,831
2,466,086
1,993,712
$1,22
1,315,739
profit
Earns, per com. share—
,124,343'
benefit due
'
and War Zones)
• •• 1944
1943
$81,134,803
$50,288,270 $52,554,366 $72,355,118
sales
Net
Territory
1945
Enemy
1946
Subsidiaries
(Excluding
$4,192,353 $40,302,944 $35,808,570
$4,657,094
revenues
Uncollectible
.
66,238.
$3,357,519
$3,498,284
190,000
-
Operating
revenues—
expenses
Operating
taxes
$4,644,942
.
' 3,860,034.;.
■
$4,185,888 $40,208,906 $35,748,842:
2,829,677 : 31,351,284
24,026,170
933,392
157,429 ' .7,859,637
190,000
$3,167,519
and
the
oi
Chanute,
P"i; 9 Mos. End. Sept. 30—
7,003
Telephone. & Telegraph^^ Co.—Earns.:
Sept. 30—
Net
-V. 164,
resulting from non-recurring tax
»
" ' -*
*■
"
comparison available.—V.
Operating
••Net
purchase group which organized the company"
The company, largest producer of alfalfa meal'
60,000 shares of 5% cumulative
has outstanding
Nov. 2—
loa-*:;.-'
44' WEEKS; iSNDED .NOV*
*1946—4 Wks.—xx*o
"
4o-
;•;..
i.ks.
1945/.•
$9,116,430 $126,119,000 $86,127,145
number of stores in operation decreased from 768 in 1945 toNov. 2, 1946.^—V. 164, p. 2289.
PP'"k-PP
$13,345,390
Crl5,313
______
__
'Period End.
89,380
52,999
the
States,
''
1,330,000
-
of
this year.
National Cash
-
750,000
1,862,182
Net'.income/i.!--^*
refinancing.-"
will consist of 58,860
this type company,
preferred stock-($50 par),: with warrants to
643,000 shores of common stock ($1 par).
group Include Stone
& Webster, Inc.;
Loughridge & Co.; Blyth & Co., Inc.; The Fitsl
Boston
Corp.; Glore, Forgan & Co.; Goldman, Sachs & Co.;
Kuhn,
Loeb •& Co.*," Smith, Barney &- Co., and White, Weld & Co.—V. -1'64,
,439,441
$3,973,200
.-i!
^
,221,596
$5,021,587
f
.Cr23,395
;>V< 16,217
holdings
Members
$3,752,501
220,699
deductions'
Chicago. See
gpi;';283
•.
.
at
:
..
4,779
1,330,000
-----—
to
MONTH8".ENDED SEPT. 30, 1946
30, 1946
Oct.
stock, and 505,220 shares of common stock ($1 par).
to be offered to the public constitutes the major portion
United
Bosworth,
*
■
Is
&
of its kind tor
preferred stock
;
■
income—
,' ♦Including $325,324
3,904,898
$4,741,470
,,
split-up
Stone
cumulative
After Interest,
2,737,492
V
236,108
—vv
—
the
•
267,031
2411.
operating revenues.
;Income
$5,016,808
long-term debt___..___
May-of
in
5,877,651
shr
such sales.^—V,'164,vp.
•■■■
Mountain
interest
the
in
$8,549,672/
1,711,536
-1—•. $4,505,362
«
of
to $8
1,243,800
!J; *Gross •■ income
1,032,447
::
2,769,798
local and miscellaneous Federal taxes—_
Arid excess .profits taxes pay.—
Federal income
.
"
♦Net
6,953,131
8,735,999
_
the
common
stock
The
•-yi
11,585,104
2,043,233
1-———
and
of-5$
purchase
■
8,853,471
Maintenance*
—•—
89,514
State income taxes__-___^-i—_;_v-__—
1945.
•
.1946
$30,864,525 $33,004,837
'Gas
Depreciation.
•
*1
v
Nov. 7 that the
"ex" on Nov. 12/
capital stock for
on
Webster Securities Corp. and Bosworth,
bring to market early this week new issues Of
common stock of the company.
The offering, believed
the first
be
to
41,372
2,048,033 #
43,279 >
'••
will
Co.
&
preferred
The
a.—.
income
$5,003,507
$1,187,464
operating. revenues-—
Total operating, expenses
Property retirement reserve appropriations^-:
—
Amortization of limited-term investments!j_i__———
Taxes (other than income and excess profits)!Federal income taxes (other than; excess profits
*
-
for
date
expected that
shares
(r 1** v/r*'
81,000
181,785
capital stock held.
record
two cents.—See V.
792.000v
.
Sept.' 30-r—
•
11,059
Total
Michigan Consolidated Gas Co.—Earnings^*
,
''• i''
^
5
:'
164, p. 2289.
'/ It is
Minnesota Power & Light Co.—Earnings—
1
$2,365,026
.
*
announced
corporation would be quoted
distribution of one additional share of
the
/
,•
Stock Distribution—
on
Exchange
'
Offering This Week—
company
covering
1211.
p.
share
$584,333
;
&T
J.
.....
per
2255.
p.
this
of
share of
Sullivan
and its domestic and Canadian subsidiaries to the
subsidiaries; $88,162 of this amount applies to the three
months ended Sept., 36, v 1946.
Dollar remittances are being received
-Per shares1) amount
1
$50
Curb
158,
■
NOTE—Operations of the European subsidiaries for the nine months
Sept. 30, 1946, are not included in the above statement.
Net
sales
for
the nine months ended Sept. 30,
1946, include $212,045
the
plan
It
<■'}&VM"?- A' '
.*•'•
yilp:' ''pp.'lV :■ •;'■'/'PPPfPr?■'v■ •'P0PPPPIk.■■■').
''••''P'pPP'■ ■.\ ?4 ■
National Alfalfa Dehydrating & Milling Co.—Stock
V.
■
'
.
..
from
stock
The
European
of voluntary liquidation approved by
1946 the equities
pertaining to the
of capital stock are; as, follows:/
classes
a
:
record NOVi -15.
•
'
a proposed recapitalization
on
calls for chang.ng the various
into a single new class,
$1 par. The exchange
basis of three new shares for one share of class
2.
Bee.
on
•
ended
by
"
the plan
outstanding
$1,281,529
$510,600 $2,912,195
$2,404,990
$0.98 • $0.34 v
$2.15
$1.72
shares of $3 par value common stock. ; tThis
represents an adjustment to property and related reserve accounts
and
income tax
provisions, resulting from examination of Federal
tax returns for the years 1942* through 1945.
$5,500; 6% preferred stock (par $45) $518,895;
$6 second preferred stock (4,000 shares of no par value) and common
stock (71,531 shares of no par value), $100,000; paid-in and capitals
surplus, $530,468; earned surplus, $1,215,664; total, $2,628,312. .
...
to
taxes
♦Based
expenses,
NOTE—Pursuant
on
York
New
1946,
income
Net
$2,628,312;
LIABILITIES—Federal: income:
liquidation
stock
a
act
to
Motor Co., Inc., and Huyler's.—V.
each
amount
$2,189,550
—___
•Earns, per com.
■
$1,215,664.
LIABILITIES, OCT.. 24,. 1946
ASSETS AND
the
,
95,099
& capital
inc.
for
Stock
capital surplus of $530,468 and- earned surplus of
STATEMENT OF
plus
-81,600
;
income
income
Gross
$1,746,132
Federal income tax ($257,785) on capital gain. tBelng paid-in
ASSETS—Cash, in bank,
•
years-
Miscellaneous
—
the
$35
asked
'
376,849
:—-——•
meeting
made
at
to holders of
paid
be
on
corporation has operated as an Investment firm rather than
steamship company. It now has 87% of its investments in Brock-
The
to
appiic.
adjust,
tNet
cumulative *
—
stock
be
s
recapitalization plan, the corpora¬
Nov. 30
the 1,644' shares of its
share. The $1 accrued* dividend on
proposed
a
redemption
| Nachman Corp.—Ruling
1946—3 Mos.—-1945 •
1946—9 Mos.—1945
$2,011,631 $1,171,686
$4,628,708 $8,495,542
12,758
4,719
112,014
1,820
earned
Miscellaneous
$1,800,904
tSurplus at Oct. 24, 1946
will
of
be
capital
530,468
—-*-
preferred stock—$4,75 per share
••
^,
Interest
30, 1946———————
during the period on 6%
paid
in Accounting
Co.—Changes
(Including Domestic and Canadian Subsidiaries)
5,500
Total
Cash dividend
.
^ ~
;
Prov.
.
shares
44,000
Period End. Sept. 30—
Profit'from operations.
expenses
surplus at April 30, 1946
Earned surplus at April
1946,
1,
-109,710
prior
and
Jan.
the
of
X
i..—
Paid-in and capital
Light
share, and the creation of capital surplus in the amount of
$1,848,000; and
•
'
' ' '
•
(6.) - The elimination of the resulting deficit in the earned surplus
account
of $1,316,378
by charging it against the
capital surplus
created by the reduction of the stated value of the common stock.
Minneapolis states
that the proposed accounting entries are in
furtherance of the provisions of the plan of simplification and integra¬
tion of Community Gas and Power Co. and American Gas and Power
Co. Such entries would be made as of jan, 1, 1946.—V.162, p. 2275/
$893,587
'Balance
preferred
.special
way
per
$789,377
,
|
-—
;
_
Total
•After
Gas
$899,087
30, .1946
ities at April
for
/The
Minneapolis-Honeywell Regulator Co.-r~Earnings—
the period~—reversal of reserve against marketable secur¬
from
each
of
of
as
773.355
------
Profit -for
Credit
27,'45
of $4,162. for- the
period Jan. 1 to'Sept. 30, 1946; with a corresponding charge against
the earned surplus account;'
:
•
t>;
(5.) The reduction of the outstanding common capital stock of
Minneapolis lrom $2,200,000 to $352,000 by reducing .the stated value
$16,022
—
(based on cost, plus ex¬
sale of securities
incidental to sale) __
profit
Net
Feb. 1 to
appraisal write-up) and the original cost thereof as estimated by the
firm of Jay SamUel Hartt;
(3.) The setting up of a reserve for utility plant adjustments in the
amount of $2,000,000 with a! corresponding charge against the earned
surplus account;
"
;; (4.X The setting up of a reserve for cumulative overage equal to the
exceSs of actual; net earnings oven the-earnings; allowable under the •
terms of the franchise with the City lot Minneapolis in the amount of
24, 1946
$2Ljj20
.
5,798
—~
B
a
a
$561,967
$2 Class B Preferred Stock—
preferred, one new share for each share of the present class C
preferred, and 1/10 new share for one of the present common.
•
According • to Harry O.-King,» President,
the
recapitalization is
needed because the present capital structure is complicated and un¬
wieldy.
" * i-''
1873.
p.
Bonds Ready—
bonds,
mortgage
.
called
shares
would
$14,097,000'$10,600,000
.
.
FROM MAY 1 TO OCT.
$532,085
A
1
stockholders.
dividends and interest .—
and- administrative expenses—:—
first
preliminary, to
a
class
at
The. company has' filed a declaration with the SEC regarding the
following proposed transactions:
(1.) The elimination from the plant account of Minneapolis of an.
appraisal write-up designated as the Elmes property appraisal and
recorded on the books in 1930, by credits to utility plant account in
the amount of $8,556,402 and to reserve for depreciation in the amount
Of' $1,761,312 and a corresponding charge against the capital sur¬
plus account;
(2.) The transfer of $2,000,000. from utility plant account to utility
plant adjustments account in order to reflect the difference between;
the book cost of Minneapolis' property (after elimination of the Elmes
Metropolitan Industries Co.—Votes to Liquidate—
a
special meeting of the stockholders held on Oct. 25, 1946, it
was voted to
liquidate the company and to distribute the * assets to
EARNINGS FOR THE FERIOD
$1,184,024
now
has
the
Jan. 1 to
Oct. 26,'46 Oct.
>
—-
Minneapolis
At
General
*
*
-
,
t
164, p. 2055.
As
-
■
•
,
are
tion
'45 Oct. 26, '46 Oct. 27, *45
$1,066,000 $15,132,000 $11,302,000
$1,458,000
r~Vvl64,
certificates
Income- from'
152,524
$40,612
$684,609
..
Plans Recapitalization—
Higher—
Feb. 1 to
be attached to surrendered debentures, either voting;
for class A common stock or certificates for such
stock.
Holders will in due course receive certificates for shares of
the newly authorized common stock for the same aggregate number
of shares as are represented by the voting trust certificates for class A
common stock or certificates for each stock.—V. 344, p. 1967.
the
1874.
p.
$123,696.
Munson Line, Inc.—Calls
'
Wax
Midwest
Jan. 1 to
—4 Weeks Ended—
Period—-
$34,171
...
,
120,594
Dividends—
Oct. 26, '46 Oct. 27,
.
Sales
outstanding, debentures due June 1, 1958^ have been called
for redemption on Dec. 1, next, at 10o and fixed interest amounting
to
2%, plus $216.50 accumulated additional interest per $1,000 of
bonds.
Payment will be made at the Chemical Bank & Trust Co.,
165 Broadway, New York, N. Y.
Funds are available for immediate
trust
$1,304,618
10,049
2%% series due 1975, due Oct. 1,
ready for exchange for outstanding temporary bonds at
the Guaranty Trust Co. of New York, 140 Broadway, hew York, N. Y.
1975
of 10 cents per share on its common stock, both payable.
1946 Jo holders of record Oct.. 19.—V. 164, p. .1634.
•
/ * "
Sales
y VAll Of the
payment.,
i: There
must
164,
classes
Inc.—Debentures
Properties,
National
Merchants'
net profit
a
its
on
•
19,625
^264,523
$61,187
Cr38,103
Montana Power Co.—Definitive
Madison, Iowa, a wholly-owned subsidiary, the
declared an initial quarterly dividend of 12V2
5% cumulative preferred stock, par $10, and
Fort
Period—
$0.32
v $1.41«
: $0,18
•After depreciation but before provision for Federal taxes,
tBased
on
187,833 shares (excluding treasury stock) .^—V. 164, p. 1724.
'
labor and
.
Miles Shoes, Inc.—Current Sales 36.8%
$1.94
tEarnings per share——
5.7S6
$50,661
10,050
__
_
_
_
Stockholders will
$53,796
77,626
Cr4,311
4,458
$133,746, 1
stock
pfd.
on
Definitive
1946 company reported
1724.
•
Entries—
40,672
Cr4,271
Crl.299
income
Balance
-
.
dividend
a
-
-
275,751-
273,133
Cr357
•
$1,074,993
of
ended
of
share
per
Oct. 30,
Merchants & Miners Transportation Co.—Earnings—".3 Mos. End. Sept; 30—
'J 1946 '
1945
1944
/ ■
1943
Total: revenues,.
$170,380
$267,465,-$310,342 , $324,310
•Net Income from eper—
tions
39,435
103,223
€2,871/
49,714
Net gain on other prof.
1
and loss transactions
454,555
Drl,364
279,273
4,082
$101,859
676,956
$917,946
22,807
22,588
debt-v
deductions
Net
parent company recently
■
128,713
1,424,491
$1,579,276
3,670,000
-
goods sold, including
but exclusive of depreciation.
cost
taxes of $400,146.—V. 164,
As
contingencies currently foreseeable.'*
The report disclosed sharply increased sales of Southern Comfort, a
liquer, and announced that plans for re-entering the case, goods mar¬
ket With a quality blended whiskey were complete—V.-164, p. 1873;
$493,990
54,535
CV353
Dividends
••
quate for any
Prov. for Fed. inc. taxes
1,194,313
453,511
,
$77,570
139,280
$154,682:
debt
Other
ex-
Midwest Packaging Materials Co.—Initial
$4,150,389.
■
The corporation; during the last fiscal year paid a dividend of 50
cento ashare. Surplus at the fiscal year-end was $3,725,079 compared
With $992,354 as of June 30, 1945.
v. .
•'The report stated that'a'line of bank credit was available "ade¬
(before Fed.
income taxes) — —.
462,163
.
207,099
V.
being
..Net Inc.
152,862
4,500
taxes
long-term
on
on
138,140
:v
223,644
41,023
sharing——
deducting
the
For
::
—
Int.
net
figure
latest
1945
the
348,381
$5,396,861
$1,067,688
factory expense,
working' capital position substantially
$3,303,510 against $653,587 at the
fiscal period. Cash amounted to $1,382,697 and total
were
$7,453,999 against total current liabilities • of
showed
also
report
improved,
361,268
$4,833,908
profit
♦After
Comfort.
Southern
v
Net
r
•
.
plant
•
income
Gross
—V.
815,678
on
355,607
$1,311,443
'.> / 441,102
exp.—V
admin,
profits. taxes---i——
profits tax refund—______
;cess
Excess
shares outstanding.
t Based «n 681,271, shares
-c
■'
Both sales and earnings for the fiscal year ended June 30,
1946,
represent new all-time records for the corporation,< one of the larger'
Independent units in the
industry—producer of fine whiskies and
V *Based
H.
v
'
Operating profit
Other' deductioris
Depreciation-—
Reserve for profit
Est. prov. for Fed.
$664,478
•
t$0.97
$1,172,231
£/■
♦$l-.44
for
2.822,188
483,750
^
.
.
1944
r
■
1,740,000
•
Provision
$6,073,565
2,373,228
34,750
Amortization of premium
1946
- '1945-' : "S
$25,606,217 $19,440,769
2,771,550
2,404,478
_'
i
outstanding.
and
general
42,167
;
of
1946—12 Mos;—1945
208,202
acquisition adjusts.
$5,745,242
$5,195,176
$l,b67,051
♦Manuiacturing pront
.: K• \
1945
Y
Distilling Corp.—Record Sales and Earns.—
Merchants
:
1946
v.» "■
$5,320,256
$527,969
231,730
___
depreciation
Amortization
Earnings—
(& Subs.)-
Sept. '30—
9 Months Ended
for
Prov.
$572,359 ,#
.
expenses
r
1946—Month —1945 ' "
revenue-
Operating
.
Midland Steel Products Co.
.
$7,101,400 $71,483,900 $50,245,200
$9,637,500
Gross
2
.
^
Period End. Sept. 30—
declared on the common
to holders o{r,r(;c,ord Nov, 15. Previously, the
company paid dividends of 25 cftnts per "share each quarter.—V. 164,
p. 559.
' •
*
.
.
•
A dividend of 35 cents per share has been
,
stock,..payable Dec.
convertible preferred
stock, par $5, payable
Dec. 16 to holders of record Dec. 2; See offering in'V.-163, p.* 3419;~-/
M
■.
'*• ^!l- '?M>/,vV-'•
30-cent
■ft
Dividend—
Michigan Public Service Co.—Increases
McGrath-St. Paul Co.—15-Cent Preferred Dividend—
'The
on
2549
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4543
164
$3,308,284
operating income
Net after charges_____!
—V.
164,
p.
2411.
470,030
$314,878
$422,819
223,377
'291,291
$4,700,193
3,121,174
$3,863,035
2,704.938
National Vulcanized Fibre
J"
Net
income
Earnings
—V.
after
per
Co; (&
Subs.)—Earnings—_
PPPk:>
$8,6995681
taxes—
common
164, p.; 1874.
'
share______—$1.60
.
THE COMMERCIAL & FINANCIAL CHRONICLE
$769,421;
$0.70
Monday, November 18, 1945
•
Operating income
Other
income
'
•
Gross, income
Income
Cr40,202:
ASSETS—
Cash
■' '■
hand
on
and
in
?
deductions-
0173,251
*■>
banks——-———.——~
iJ. &. Treas. notes, tax series
C, 1946 and 1947—
Marketable securities, at market
value,—
Accounts
receivable
Iaventories
'
(net),,———————if——
Unexpended balances of expense funds—
Indebtedness of affiliates, consolidated
(net)i+lu
Indebtedness
of
non-consolidated
wholly
owned
OU^er security invests.'(at est. realizable
Laird, bldgs., mach., equip., etc.
1
value)
Can. sub., Neptune Meters
Ltd., of Toronto—
york State Workmen's Compensation In¬
surance Fund
investment? (at cost)',
Consolidated sub. companies' capital stks, (net)
Keptune Meters Ltd.,
capital stock———
New
(net)——,——
Patents, goodwill, etc.
(at nominal value)——
Postwar refund of Federal excess
profits tax—_
Refundable Federal income and excess
profits
lor years 1942 and
1943—"—————
Prepaid
expenses
arid
deferred
charges,—
'
-
Total
—
-
LIABILITIES—
'
,
Note
payable to
2, 1947
Accounts payable
Accrued
salaries
Accrued
pension
bank
accrued
taxes
■
—
Indebtedness
1
Jan.
,
:—
——
and
wages——
insurance.
taxes,
tax
„,
affiliated
Long-term debt,
Operating,
(est.)
_
withholding
■_
co.
(consolidated)—
unsecured
Oeneral
.
—-—
incl.'Fed.
—-——■—
to
due
—
Accrued Federal income
Other
(ynsecyrsd),
revenues
Uncollect oper.
-~
revenue-
Operating
revenues..
Operating expenses
Operating taxes •
—-
for
(non-current)
contingencies—
Compensation insurance fund
reserve——
reserve
—
Reserve
>
for
ments to
$2.40
xum.
'Common
Net
Other
unrealized
profits
on
unspld
stock
and
income before
deductions
earned
Federal
from
Other
surplus,———.
income
taxes, etc
incorpe. (subsidiaries)
(parent co.i,—|
deductions from income
Prpv. for Federal
ipep/ne 'taxes—,—,———,—-
Net
income
—
u——
—
Consolidated jreturn credit,,—
>
$758,973
,
..$626,647
Cr7,500
$650,360
)
?43J522
:
.132,326
ship-
non-consolidated Canadian sub.——
pfd. stock (par $50>—„
1
:-
$406,737.
«.
Cr52,000:
n
i
'"it Y
<m-
?<}'/!. ;,7*<
rvnvi
t
Volume 164- Number 4543
the
among
as
<
several
proposed
in
reclassified
classes
the
plan .(under the
of
present
common
stock
present
Of
the
Delaware
company,
Old
£
8,922,744 shares* of
under the new
common stock would be
there
Republic
:/..;/y,
.
Chicago-
Co.,
.
company
Nov.1 7 filed
on
v-;
Y' '
:*/',
•
YY'-v
'
.
'
,
-Quarter Ended——
Period—
of notification with
letter
a
;
43.83
Class
U
"
•'
"
83.28
,
•
;//;„ 3,8^'YYY/Y'/. Y//1 13.78
1
—
1
'common^-w^*^
Y/
./"■Earns,
*-0.:3($> 7Y< YYr Y kYJM^ ? /•/}/■
Total to common
.
1
new
plan provides for cash payments of $3.50 and $3 per share
'•/ on the 1%
and &%
preferred stocks,
respectively;, as provided in
the present plan.
Y''
:';:-."/7Yy.
fx
output
of
ended Nov. 9, 1946,
totaled
53,723,000 kwh.,' as compared with 46,947,000 kwh.
for th<»
corresponding week last, year, an increase of 14.4',t.—V. 164, p. 2412.
for
company
week
the
Earns,
XX
''
-
,
"
;
1946
.
'
•
per
1946.—V. 164, p. 2057.
have been
called for redemption
mortgage 25-year sinking fund 47<?
'of first
;• 103
in
which
and
interest.
Payment
will
made
be
1,
Dec.
on
next,
for
The
net assets of the company
to
used
Y
/-i,•
' :V //,'//•;; '■
•
■
■ .•
/7,:* "■
1
' l<?i
;&•:
-
Gross
income
•Interest
—
Net
and other
deductions
income
.Earnings
V.
.
—
1876.
p.
J
i
■
.
■
.■
The
.
/Conting. /proy.
.
fTaxes
eral
and
-
-
Y/
'Other income
*>
prepaid
income—
1944
$3,304,591
Dr22,790
<
,
.
$3^06,328
$3,311,751
.
i>r7,437
-
$3,281,801
:
680,514
649,913
/
2.952,000
| 1,643,394 f 1,753,964
$3,293,713
12,614
l—
-
.
2,699,000 ?:
:
Preferred
:
stock
div.
contingent
Preferred series
■*"
•
Preferred
BaU
■
A 4%'A
$5.50 convertible
Aver,
($50
preferred
—
stock;
com.
of
and
surplus
$2,228,915
shs. during period
com.
per
620,260
share.
common
Franchises' and
other
intangible
expense
.
possible
position
Government - securities—'
Other, investments
$1,976,022
•
Dec:
Notes
and
Materials
Gas
in
accounts
and
1. 683,727
•.
?
21,745
655,277
.283,099
T
the
10,—V.
storage (average qost)-———
Prepayments
■/Deferred,debits:'329,433
J
" Tbtal
.
—————1,1
ilABlLITIES—
.
•
Common
1st
stock
stock
Premium
'
on
•
lean
mortgage
~
f$50 pari series A 4%'/—
($15 par), 620,260 shares
preferred
bonds,
stoek,
2% %•
series
of
have
$6,000,000
ADOUt
finance
due
series
which
'
^
13,
Accounts payable
Customers' deposits
Interest
accrued'
—
Customers'
.•Retirement
-Reserves
//-Earned
;
:tJ
546,246
1,331,524
*
—
4,3,337,581
467,802
reserves
tor
—
uncollectible
surplus
1»1
28,563
110,098
r
Jt
"
■
of
;:i;.y-r.
y.
payable and
interest),
accrued
$23,564;
orr 5%
reasons
Net'
that
the
paesently
stock be
won
outstanding 620,259
by a restatement of
issuance on said date
close
of
business
-unissued
.
tion
on
'
inc.
Total
(as specified
1"After
;:/•
•Deficit.
par
value
capital
to
to
be
common
made
on
Nov.
stockholders
of
29,
comi^
common
1946,
record
and
at
the
9, 1946, of one share of the authorized but
for each three shares held.
Such reclassifica¬
200,753 shares of common stock will require the
$3,101,295 from "earned surplus" to the "common stock
capital
account."
entitled
Scrip
to
certificates
receive
The. Commissioner
fractional
of Internal
will
be
issued
shares
Revenue
of
Dec.
proceeds
has
ruled
stock¬
stock.
that
no
taxable
income
will be realized by common stockholders as a result
of receiv¬
ing such additional shares of common stock.
.At, the time the-regular quarterly common- dividend of 50 cents
per
share was declared, payable Nov;
15, 1946, the directors indicated-that;
subject to ail
of
the factors which
influence
a
dividend
poliqy, includ¬
ing the continuance of available earnings and cash
resources, it don.templates that the regular dMdend rate of 50 cents per share will be
maintained
mon
after
stock.—V.
the issuance of the
164,
p.
2157.
206,753 additional shares of
'
...
4,977,162
4,998.571
°$115,326
*$14,906
it
is
*■
..
,
com-
-Y"
Y.
$4,983,665.
1945
I"
/
23
will
1,182
always
alphabetical
alphabetical
Iff
of
used
to
T
,
^
j.
Int.
has
but
earnings
been
-
•
/
X
Aiiplicable
/', Lighting
Divs.
om
i
1945 //
•
'
'v
$9,016,738
342,127
.
.
$6,791,255
6,683,461
,
Y $107,794
Dr 6,842
24,379
56,248.
*$60230
$188,920
10,459
r..
(est.)
•.'V'.
—
-
------
7,476
48,000
;
surplus
to
*$70689
.
of prior years-'i/YU-.—-Y-
transferred
164,
■
*Cr20,116
i.'
1
,-.-0.
t$50,57ff
$106,314
$109,165
————
$153,482
/x
832.
p.
of Maryland, wholly onwed)
1946
,
1945
$5,309,789
264,950
——-
—
/Y 287,173
880564
916,130
Cr689,484
Cr543,554
1,394,749
Y 431,223
1,111,299
purch. fr. Safe Harbor Water Pwr. Corp.
Interchange power (net)
—
—Power
expenses
-
^
revenues
Other operating
■.
$5,213,381
Sept. 30—
Maintenance
v
$133^445
Dr27,130
■
.
Nine Months Ended
Operating
—
——
——-
and
income
excess
431,107
■„
Y", 754,778
/ ; 227,292
taxes—
profits
taxes
—
943,665
$1,921,085
Other
'$8,743,772
$9,342,531
1,466,877
16,072
1,418,748
1,403,755/
11,733
15,398"
$1,931,686
Other
254,507
330,576
321,193
$2,251,661
$2,292,879
income
•
Grossv income
"/■
Interest
Y
Cr52,014
60,813 /..
Interest
$9,664,636
$7,370,440
''ii, - it, ■ ii i,W)'.■*.!!■■ i ■
,
.
i
■
an, n
-
tbuk/tif
.
$6,033,070
: mi
iimttmsblimbodPmedp
Y
/
com.
stk._/i./
$4.5$
.
CONSOLIDATED BALANCE
properties
and
$217,195
$2.14
in securities, .$1,903,252.;
cgsh,
notes
SHEET, SEPT. 30, 1946
$1,688,688
$3.74
$3.87
share after pfd. divs—_.
NOTE—Some of the items included in the. above statement are
estimates which are
v
/
••
"v
.
based
.subject to adjustment.—V. 164, p. 1912.
\
*• '•
7
.
.
Period End.
Net
Sept. 30—•--
-
..'"Y
'
'
1
•
*1 •«:/ •*•*",
>1946—9 Mos.—1945
$8,679,817 $31,374,507 $25,396,554
135,641 "
485,090
405,052
1946—3 Mos.—1945
sales,——• $10,701,839
Other stores
1,006.000
income.,
r
—162,988-
- -:
4,825,893
:
•
;
.
.
Cost
$233,890,436'; investments
U.-S., shoit-temv securities;
$4,227,796; gas storage and
funded
debt, $89,663; taxes accrued and payable, $12,947,505; dividends
Charges, $2/407,627; total, $259,036,386/ '
/
/ /': '
/'
.
LIABILITIES—$5 •• dividend'
preferred
stock,
$20,000,000;
comm'on
stock, $29,937,524; preferred stock of subsidiary, $22,287,350; minority
interest in common ■ stock and surplus of subsidiary, $1,449; funded
debt, $43,698,000; ' accounts payable, $4,557,024; accrued interest on
...
of
$8,815,450 $31,859,598
$25,801,607
.10,231,203" 8,167,191
29,734,088
'23,677,145
$648,268
$2,123,510
202,411
$2,124,462
Yv.. 167,999
$2,327,921
$2,292,461
income__- $10864,827
sales,
genl.. &
•
Operating
Other
•""
•
$633,621
—'———.;///"• 68,834
profits-
income
Total"
income
—_—-
/
Y 51,511
$699,780
$702,455
V
,
-
Miscell. ' chgs.
Estimated"
profits
war
te income Y " ; 33,004
inc. tax :/Y 254,391
Fed.
tax
Common
Earnings
106,920
843,795
350,052
y
■
''
'/
.
'
.
Y,: /
'
■.
1,131,963
344,351
for period
shares
per
106,488
excess
(less post*
.credit.
Net income
<107,407
34,922
I
Fed.
Estimated
taxes accrued and payable; $12,047,505; dividends
payable, $584,314; customers' deposits, $1,332,513; reserves, for retire-,
ments, $95,788,133; reserves for insurance and miscellaneous, $7,024,389;
earned surplus, $20,788,121; total, $259,036,386.—V. 163, p. 3289.
-
stores
warehouse,
admin, exp./
operating,
v
j
franchises-,
$8,615,548;
receivable,
27,536
Peoples Drug Stores, Inc. (& Sirbs.)—Earnings—
/;*
$6,043,088
$3.45
-
:»•
9,119
——:—
.
■
'•/
$6,549,832
1,000,000
4,825,893
$3.13
-
i:>
1,336,436
;?
35,473
:
$1,747,501
17,427
1,337,380
/.
■'"Cr410
charged to construction,,—
income deductions
Earnings per
j
$7,887,211- $7,379,524
1,337,362 * / 1,337,370
Cr 8,03 2
(net)__
of,debt
Miscellaneous
1,556,716
YY 16,532
27,630
511,181
503,483
long-term debt——1
disct., prem.-and exp.
on
Ztf
.—
$8,935,345
/ $723,939
iunded debt, $89,663;
a
operated under lease¬
(Incl. ' Susquehanna ^Transmission Co.
"
$8,610,542
// 324,803
325,793
$207,177
and
$6,268,009
6-,393,078
1943
4,825,893
accounts
to
1945
1946
,-
_——.
due
/■/-■
.:Y;Y^Y-^Y/■'/>'::VYYY///<f/'Y--YY'Y'Y;' :yvY-y/ •;/■- s;:> / //"/ YY/
Pennsylvania Water & Power Co.—Earnings— / \
•
*
•'
*
the
for
t»x
periods,
ha,$ been made fo® Federal. Income - tax. for tho
period, * but rtone. is /required foir the 1946 period, due to /a net
Amortiz.
$11,028,108
stock——
;" ASSETS^-PIant
*'■;,;•/
,
income
3946
—
charges
income
loss—V.
■
1944
$8,401,645
stock—/•/1,000,000
com.'
the
»••/•.:/./// ;■//.;
"Y Y•"// '•
Depreciation
1.000,000
4,825,893
on
■
„—^
for income taxes
KTotal, stores
Per share
for
;/•■
—
—
NOTE—Provision
-
1945
1
,
surplus—;——Y $2,501,381*
Balance
for" Federal
made
/■/,/
charges for depletion and depreciation
tDeficit.
1
1
and
29,355,684 29,600,418
27,838,496
19,451,5.79. .16,946,945 /12^154,843
7,882.580;/ Y 7,904,790 / 7,442,204
6,994,812
to Pacific YY Y
•
Corp."——,' $8,327,274
pfd;
Divs./on com:
*!
j."'*.'
$162,319
•After
on
".'-r
$94,283
;
Net
14,549,359"
)0ivS. of - subs id.—*.-——l
'
,;Y/ $35,163
1,300
31,857,667
chgd. to constr., Cr,
divs—
$42,318
7i,60i:.;.
Depletion
isi&i%
Bubsi)—Earnings—
rev._i_y.^- $10,772,248
(net)i-i—v';Y 255,860
inc. before
'*$88,346
required
is
none
credit.
agreements
Provision
due
1946
interest—--—^
•/Net
$7,264
/
record
acquire
%;
$47,652
■
4.032
;//-Y'"'/•;/ Y-:xr.x
/Charges' to income"
pet
,
be
17,355
45,203
8,715
,
$34,000
Y® y
YY';Y/
12 Months Ended Sept. 30-
hold
cents
holders
vj/
*$59,631
'/"•
1,652
yr $37,739
Dividends from- allied cos.
Dec. 1, • 1977, against the
outstanding temporary bonds of that
bonds
of
o"
retirem'eiitS'-Ii);
income--—.
56,195
*$125,069
/
of.
•..
*'"'
not
to
/
,
"N", 3>
Sept. 30—
,Y
5.500
'.12,660
300
—
periods,
Gross
22 William St., New York, N. Y.;7
prepared to deliver definitive first and refund¬
-
"
$38,921 /Y,;/$9,217
—.
NOTE—Provision
Trust Co.,
"caneellation
: /»$8,94ff
$18,376
20545
■net loss carry-over
■,
$4,275,000;
to'common
such
1946-^-9 Mos.—1945
$4,861,336
depl. & deprec.
in
/
f
A
on-funded debtri-Y-
fnt.
Other
issuance of
of
holders
'
$15
Nov.
stock
common
and
•transfer
of
voted
was
reclassified into 827,012 shares'of $15 p»r value
stock
the
shares
it
t
,1,612,311
•Net income Y—
oper/
Other
,y.../.
1946,
income
Y
accrued Fed¬
debentures, $7,875;
for 1946
dividend
initial
an
payable
net
——1.„
Prov.;" for
?
15,006
22,
•
cos.
leasehold
|Net' income
expenses
Y:
oper.I rev._—J__ $65,061,854 $65,113,698 $63,006,305 $55,698,693
Taxes
11,964,745
.
Oct.
on
.
*
an aircraft maintenance and supply base
The company's new Burbanli^,. California, base,
be in operation about the first of the year, will
Operating expenses——
"
'"v/..'/:
and
" / 1946—10 Mos.—1945
but
<■
the
of
series
12 Mos. End.
Gross
——$62,795,901 $67,591,922
At a meeting, of the directors held
•
Buncfry *
Pacific Lighting; Corn. (&
/•
Stock Dividend—Plans to Continue
Distributions' at /} $2 Annual Rate on Increased
Shares—
;
kinds
2,085,825
income™
Federal
To 3PRy Z3'Y2%
.Cash
allied
under
Gross
..
•;-r.
all
Subsidiaries)
Prov. for inc. taxes (est.)
area.
jssue.—V. 164, p. 2290.
:
______
Total
-
am unsecured' 10-year revolving credit
Bank of America, Earl Herring, President
the
that it is now
and
29,240
15.006
value
due for securities, bought
-
J- 457.823
7,236,976
—
accounts——J—'—IJ:
—
24, 1946
leasing "'and
$1,603,362
YY. Y
-
from
oper.
Alaska, Oakland and Seattle and to increase inventories,
mortgage
surrender
10,412,989 "V 9,42434
%;'VAv/v.,■
— „.
;/;• •
.
*
163, p. 2997.,
announces
i.'i3,533(l83
40,756
—
expenses— /.
advances for construction—58,697
<■'>»
.
40,000
1,432,224
-
Other current, and accrued liabilities^.
Unamortized premium on debt, less
K-
3,933,000
;;,:/737,436
-
../I—
^Taxee acerued
tracks-of
race
-
April
$2,104,201
_
agreement
Pacific Gas & EIectirc C0r—Definitive Bonds—
17,865,000
:>
earnings
Sundry
operations of
York
'is expeeted- to
'/
/
9,303,900
17,726,000
Bank loans, payable
serially to 1949—— S; 2,888,000
Prop, purchase obligation,, payable ser. tor 1947
20,000
purposes/
on
renting
Y'; 1946—3 Mos.—1945
-
The1 remainder of the proceeds will be used for expansion of facilities
$9,000,000
9,000
market
require $1,500,000- of the loan.
ing
9,303,900
1961—--'
Y
-
declared
from
one-half
initial
in theNew
<
9,000 '/
at
Wholly; Owned
(Including
■
-
'. /' Balance/
;/Y
common
in Anchorage,
$9,000,000
A^_-_2_——
$145,705
"
$62,795,901- $67,591,9.22
,
.
Divds.
(quoted
compensation
mechanical
The City Bank Farmers
/> Preferred
laws
operating,
4
.
—V.
165,513,
-120,422 ;
370;88$;
.149,381
.,
$271,473
•
582,961
.,
p. 1912,
Charges to income
payable
debenture
stock,
164, p. 2412,
903,321
v,,
corporate
Delaware
YY 1946—Month—lf"45
Oper. exps. & taxes—i
oa
$747; accrued interest
possible*
mm
announced bit Nov.
1,161,184
19;184
receivable—_v——84T.626
supplies-,^-^.^——'
other
$65,899,460 $53,766,058 $512,378,568 $420,152,290
• '
Y
Y
—
Period End. Sept. 30—
Gross
Y The corporation has obtained
5,939,379
—^
Y
/■
://■ / iL—-
"r 7 "ir '*
p r
\y?.
^
^
Pacific Airmotive Coril.—Receives Bank Loan—
___„i126,978
126,978
—-I- '
584,118 -. 1,094,052
" 10,962/ /
22;373
.i——
———
Special deposits
$575,438
to arrange companies
in exact
However, they are always as mar
directors
on
yv.,us
,
.'
loans
for directors'
■
Oash
50,033
/:
Oxford Radio Corp^InitiaF DivMer^-^ y
The
620,260.574,068
$3.50
$3.44
assets-—,—
-
Gross; inemtt'e*''
;<>
-
*U; S.
$680,524
matured
income,
NOTE—For
- y
COMPARATIVE BALANCfe SHEET, AUG. 31
*'ASSETS--. '
*:>"*■
•
1946
1945
'Property, plant, pipe lines and equipment——i $59,103,952 $57,103,666
/Organization
for
under
,
,
Operating expenses and taxes
/
;
■Y/:;7v/
Y4»:;.957Y/yYYYhYYY^y/Y'^
803,816
$2,173,786
$3.59
59,176
•
:
certificate of incorporation), $59,177;
5%
gold debentures, due Nov.
1947, $378,000; 5%
gold debentures, due April t, 1948, $474,000;
/capital stock (par value of $1 each), $141,151; paid-in surplus, $3,386,870; profit and loss deficit, Dr$l,230,343;
total, $3,434,059.—V. 164,
share
for
no.
-Earnifigs
prior
par)—
148,236
Br 13,000
Dr90,000
$1,418; total, $3,434,059.:
reserve
$3,304,315
:
organized
Period End. Oct. 31—
Y—V. 1C4,
BALANCE SHEET, SEPT. 30, 1946
(including $14,825
eral takes on
$2,656,415 ;$2,601,286- $2,500,498
:
1
427,500
427,500
172,183
189,149
•,
163,140 J
requirements—
295,778
(including $14,825
expenses,
order.
Net income;
v
$65,695
604,750
securities/pledged, $361,625); $100,000;
/not received, $93,019; sundry accounts
.
,
*
'
1,897.000
proceeds from the sale of this stock, to
machines;
for
research
and
totalizing
f Pennsylvania Coat & Coke Corp. (& Subs.J- -Earnings
LIABILITIES—Collateral
-
1,610,071
;
* ' Gross incottur
"Ineome deductions
,
<
taxes————:
cbmpany was
Sales
(cost $3,019,761) at quoted market value $3,315,080 (including securities
valued at $361,625 have been pledged as collateral to loans payable),
' 5,533,057
.,580,685 V
459,3il
950,500 • % 903,715
862,764;.:.'
Corp.—Offering This Week—-
$10,469
$20,726
$75,'811
deposit for matured debenture
interest), $69,633; due; for securities sold: but not delivered, $45,267;
accrued
interest
and
dividends
receivable, $2,661; securities owned
■
6,759,878
-
698,993
,
accruals—
Utility operating
s
7,066,891
—_
31,950
•Y'V''33,393'
31*950
,
ASSETS—Cash
.
$106,496
$0.88
1945
underwritten.
not
(JF. C.) Penney Co.—October Sales Up 22.6%—
•Y
23,626
716,268
Net profit for period-; :
$15,429,431 $15,938,048 $14,913,798
income and Fed-
profits
reserve
'
"1946
_l-__
State
excess
Retirement
"
"
•
—„
...
Pederal
;
'*
Issue
use the
assemble
and
/<—V. 164, p. 2156.
$121,271
'• /v,Y• -1':V
fo# di-'
rectors' compensation-
;
Ended Augr. 31—
;4i Operating revenues
Operation
y Matatenance —————J.—*.
r
capital.
particularly at tracks wehere horse, trotting and dog races are held.
In addition; the company proposes to manufacture, operate, rent, lease
"and service all types of totalizing machines for use in keeping in¬
ventories
and for other uses in
large department stores and ware¬
houses, in the computation of election returns, and for general use In
totalizing data received from a plurality of various remote locations,
32,146
$23,433
securities; (on- cost)./
ViProv. for Fed. inc. taxes/
<
"Years
31,950"
debentures^.
on
/:
working
the purpose of/manufacturing,
servicing pari-mutuel machines used
Net) profit fronr sales of
x
Oklahoma: Natural Gas Co.—Annual Report—
*.
/
V
,
i
y
2412.
p.
jfor
31,950/
28,026
y
165,937
ntatf;, liiniiiV
:i'<
$1.89*
as
on Nov. 7 filed a letter of notification with the SEC
shares ($1 par) common. Price, $1 a share. Proceeds will
for
.manufacture
$84,822
$83,409
—
Profit
:
Y $272,433
$230,331
—
share (121,566 shrs. outstdg-.)——
per
164,
>Int.
Y
income—,——
Exiienses
610,480
'
■ *
iv/n..
.'i
1945 $882,913
-
$343,726
113,395
-
.
^
:
573,584?
•'?.'V*t-•
'
/
,
./■//
\
-
'1946*
$917,310
Opera t ing• expenses,: depreciation and taxes--'
:'/7;
'/"/•/••//':'■./;/'■//•/:/, // v.
.
.
,'i
Total-
>
Ohio Water Service Co^—Earnings—
;r' l?Mentha EndedOepi. 30^;
I •
■*."['Gross-revenues
—
1.
'♦
subsidiaries,
Fublio offering of 75,000 shares
(lc par) common stock is expected
be made this week by Howell, Porter &
McGiffin, Inc., New York.
'
,
to
/promotion of the machines and
,
payable Dec. 10 to holders of record Nov. 8. This compares with $4
paid on Dec, 1, last year, and $2 on Dec. 1,,1944.—V. 162, p. 2648.
in
Sept.
ended
quarter
non-consolidated
outstanding 3,752,136 shares of common stock,
7,504,272 shares Outstanding at Sept. 28, 3946.
are computed for all' periods on the basis of
were
share
per
The company will
j
-r'
of Sept, 30, 1946v based on market
quotations, before deducting the outstanding debentures, amounted to
$3,149,678, equivalent to $3,696.81 for $1,000 of debentures, as compared
as
of Sept. 30,
1940 total current assets amounted to $1,479,887, ■ : v With $4,409,68 on Dec. 31, 1945, and with $4,361.37 on. Sept. 30, 1945.
After deducting the outstanding debentures at par, the net assets per
Including $516,608 cash and governments, compared .with total current
of $198,626.".;
ehare of outstanding capital stock were equivalent to $16.28 as corn¬
.*
Y^ 'Y- Y
Since this stock was
publicly offered June 11, 1946 dividends have y-pared1 "With $29.58 orr Dec. 31, 1945, and with $20.29 on Sept. 30, 1945.
been paid as follows: 15 cents on
In the calculation of these asset figures no provision has been made
July 15 and 15 cents regular and
15 cents extra on Sept. 26, 1946,
;<a ?
.
'
r) for possible Federal and State taxation nor for possible directors'
On Oct. 23, 1946 the Office of Price Administration announced de¬
compensation on unrealized appreciation of the company's holdings of
securities as of Sept. 30, 1946.
control of candy and most other food items, and company officials
expressed optimism regarding fourth-quarter operating results;—V. 164,
i
INCOME ACCOUNT FOR NINE MONTHS ENDED SEPT. 3Q
Y« pi. :i636.;^:;-mV);; Y;/ ;// /
/ 1943
'V/Y/'T946'.Y'W-Y1945 'Y /''■/ 1944
-
the
for
the "
stockholder
a
months of 1945
the first nine months of 1946, as against $2,868,000
in 1945.
(Prior to the two for one stock split on
Pari-Mutuel Totalizer
^
.•liabilities
:
for
provision
representing
as
$1,270,000 in the corresponding three
7,504,272 shares.—V. 164,
180,000
be
at
In
2518.
Overseas Securities Co., Inc.—Report—
* 1945
Ohio Service Holding Co.—Larger Common Div.—.
i'i'A dividciid iof $5 per share'has been declared on' the common stock,
earnings
owned
estimated
$1,891,000,
interest
The company
/
$125,000
bonds due Jan. 1, 1964,
at the Bank of Montreal
'
4
earnings
such
net
period
increased
was
including
include
indirect
,
As
v,
with
same
July 8, 1946 there
The
charges
amounts
and
partially
$6,031,000 in
the
Montreal, Toronto, Halifax, Saint John (N.B.), Quebee, Ottawa, Mamil:/ton, Waterloo (Ont.)„ Winnipeg, Regina, Calgary and Vancouver, Can¬
$3,001,476
164,494
$0.41
$2,985,817
_1 '//■' 419,889
sharO/m 400,000 shares outstanding
$1.05
and
$5,354,000 $33,877,000 $13,841,000
Y
$0.71
$4.51
$1.84
$1.61
.
undistributed
of
compared
,<
Co.—Earnings, Etc.—
Ended Sept. 30— '
Sales.Net profit after taxes—
.
$0.61
'
'
;! Ottawa Valley Power Co.—Partial Redemption—
y
ada.—V.. 162,. p.
Y./StMonths
i
.
$122,374
$1.47
./.
shares.
common
$12,085,000
all
These
direct
Combined
1946
and
Y ; Parcel Air Express, Long Beach, Cat-—Files with SEC
'
Nutrine Candy
$294,096
$0.70$0.15
sh.
/•f Crued tax-liability as-of Sept. 30,
There
this
the
30,
•. Current
assets after deducting reserves as of Sept. 39, " 1946 were
$2,793,654 including $723,264 cash.
Current liabilities were $670,685,
resulting, in net current assets of $2,122,968, a ratio of 4.1 to 1. Comi pany had on hand $119,493 of tax anticipation- notes in excess of ac-
Weekly Output—
Electric
1946—12 Mos.—1945'
; y pxX ]!
'/ $139,9121
• $29,504
.
i
•
100.00
The
Class B
per
198,891 Class B
taxes.
corporation's
<
16,72
•
„
Federal
J
«: 1946—3 Mos.—1945
1
share
interest
•
9 Mos. Ended
Sept. 28/46 Seot. 29/45 Sept. 28/46 Sept. 29/45
earnings
•After
•
On
'
^
Period End. Sept. 30—
Net 'profit after charges
and taxes & CI. A divs,
'/•
!
tEams.' per com.
,
Oliver United Filters, Inc.—Earnings
?;/
39.45
'
9 '
Total to preferred-,.—,1
Class A common—
classes
r/Y
among
v/-
Net
.
share to stockholders. Unsubscribed shares will be sold to officers,
directors and employees. Proceeds will be used as additional capital.
Percentage;,
division
Y'
.
preferred^
./; G'/o preferred
f-
/
No. of shares of
Minn, common for
'/.
^V,"i,.';.'eaclfc share of Del. stock
'■'
'"7%
i
.
Paramount Pictures, Inc. (& Snbs>»)— Earnings—
(
a
T
2551
;
•
the SEC
60,000 shares of capital stock, to be offered for subscription at $3
for
distributed:
be
would
The
Life Insurance
Credit
Files with SEC—
company
Minnesota
shares)
the
of
total of
a
Minnesota
plan „the
reclassified; in to 8,216,228
.THE COMMERCIAL & FINANCIAL CHRONICLE
stockholders
plan.
of
VMC-J
..
$415,059
$214,017-
390,000
390,000
$1.376,i718
390,000
$1.06
$0.55
$3.53
outstdg.
share—
/
r
$705,525
390,000
$1.80
2552
COMPARATIVE CONSOLIDATED BALANCE SHEET, SEPT. 30, 1946
"
ASSETS—
Cash
in
Net
U.
banks
and
accounts
S.
U.
transit
C
ser.
Treas.
tax
bonds
&
notes,
sav.
sav.
Merchandise
in
Inventory
bonds,
Cash
in
loans,
Total
Total
i..—
fixed
(net)
!
,
2,692,520
Total
^y.'/i/
■
»
.
payabie-/-miscellaneous
;
payable—trade
Accounts
Notes
payable,
due
taxes,
Federal
inc.
payable
Reserve
12
months
income
prof,
.'Employees
income
tax
for
retirement
(par
0
1,482,015
1,085,000
111,988
117,614
50,000
"
1,950,000
'
sidiary
profit
%
accruing
on
Gen.
Interruplible
Other
Total
service,
37,689,957
utilities—
gas
104,949,966
sales
gas
therms)
129,002
12,183
9,552
*$218,088
.Operating
Gas
revenues
$1,802,926
1946—Month—i945
$1,552,000
1637.
Co.
Gas
of
Maintenance
Deprec.
2,454,563
6,985,403
1,078,206
1,180,752
2.826,470
2,307,524
7,901,750
941,741
6,738,848
317,480
1,104,401
2,280,245
2,290,102
—_—
.
423,025
„—
7
760,082
762,151
Federal
Federal
taxes
income
Excess
tux
profits
/
966,835
$52,844
$761,182
97,326
74,359
% 855,140
operating deficit-
$4,391
$21,515
$93,958 /
$218,578
$4,391
$21,515
$93,958/
$211,253
4'
3,107,616
-iW—
Income
Net
5,597,539
$954,456
$5,875,160
$3,859,271
—
241,231
$L,403,919.
deductions
1,225,358
>/'
""Based
'
$813,643
share—
per
on
The
$7,100,518
629,493
1,675,828
$1.24
$566,194
■
Power
Prov.
1,905,166
;
purchased--
if
$8.27 u'
for
1912.
p.
trustees
Nov.
on
I
extra
an
declared
stock, both payable Nov. i5
paid
were
Aug.
on
of
extras
No
162, p. 1397.
The
director's
cents
announced
share
per
special dividend
holders
of
record
March
on
and
Dec;
of
29,
25
on
the
for
cents
Dec.
Nov.
Net
in
two
the
declaration of
of
1946,
'
of
cents
25
this year, and
dividend
a
and
0
each
of
stock¬
to
23
made
were
April 2, Aug. 14
on
income
taxes—
profits
•tSpecial
income
—V.
Inc.
...
'(&
"
-
// 9 Months Ended Sept. 30—
Net
Co.,
-
—
Subs.)—
Gross
Int.
&
:
•
/
;
•
'
•
if
-
$684,109
The
week
of
electric
ended
output
Nov
10,785,000
9,
the
1946,
kwh.,
To Vote
for
and
company
amounted
to
provisions
in
for
order
special
authorize
$100
meeting
issuance
each.
The
$30 000,000
petitive
of
kwh.,
corresponding
the
increase
an
week
for
the
new
been
of
offer
be
called
preferred
this
refunding
would
reductions
30,
1945,
of
1945.f
$152,000
for
net
which
the
for
stock.—V.
164,
Dec.
3
Suburban
construction
with
com¬
purposes.
prices
for
revenue
$2,680,952
.—
y
$2,669,089
1,330,062
1,390,333
___0418,345 0/ 399,875
___—
taxes
?/
124,082
Depreciation
99,760
Other-charges
3,763
122 514
0
110,791
3,750
;
/.•
earnings _______—$644,664
$702,095
73,037
65,313
income—$717,702
for
gross
Interest
Debt
charges
discount
Income
Net
and
Dividends
excess
profits
in
and
164,
to
9,243
10,578
460/754
..u—
$350,089
$158,282
8,437
$281,651
surplus_^______
have
the
been
calendar
restated
1945
year
twelve
months
the
months
ended
above
nine
ended
Sept.
for
months
been
an
amount
payable
excess
if
prior
equivalent
the
profits
resulting
expenses
to
from
Sept.
BALANCE
SHEET
$113,845
Philadelphia Transportation Co.—Tenders—
for
the
bonds,
the
sale
to
series
sum
of
it
A,
due Jan.
on
$96,854,
Jan.
Coupons due Jan.
held
sented
for
payment
12
1,
1,
in
their face amount.
Trust
Co.,
o'clock
1947,
of
-
trustee,
noon
on
135
So.
Dec.
13
consolidated
United
(afcer
LIABILITIES
States
not
refinancing
of
taxes
treasury
30,
in
164,
the
usual
manner.—V.
bonds—series
investments,
$8,908,459;
$3,460,000;
cash,
accounts
F
stock
common
of
no
due
1,
stock
(issued
1975,
unsecured
(par
value
$100
per
St.,
receive
bids
3%-6%
bonds and pre¬
2290.
Pierce Governor Co., Inc., Anderson,
Ind.—Acquisition
See
King-Seeley Corp. above.—V. 162,
p.
2022,
1947
and
Fastener
Co.,
Co., New; York,
the
at
Chicago
shops of
/
the
is
car
expected off the line
deliveries to reach 50 or
we
expect
Inc.—Stock
will
Offered
F.
—
R.
Nov. 14 offered 75,000 shares
stock at $2 per share, /
on
common
PURPOSE—Of the proceeds to
company
received
be
the
from
financing/the
$68,500 to purchase a minimum of 5.000.000 zippers
approximately $20,000 will be used for the designing
and
construction
of
equipment, dies and fixtures, and the balance
will be 'used for
working capital.
use
the year;
COMPANY AND PROPOSED BUSINESS—Company was
on Sept. 25, 1946.
-•
incorporates
4n New York
The
has
company
not
yet
commenced
operation,, but proposes-to
engage In the business of selling and distributing slide
fasteners, more
popularly known as "zippers."
The conventional type of zipper con-//;
sists of
two
basic
parts—the teeth appearing on each
side of the
•tape, and the slider which meshes and unmeshes the teeth.
The
Is
company
the
No.
2,111,004,
15,
1938,
"separable
Pruzan
is
for
able
and
life
will
slider
licensee
"safety
United
under
United
removable
Letters
States
Letters
8tates
fastener
Patent
slide,"
No,
of
the
sell
that
so
patents
and
license
The
any improvements
thereon.
The
zipper constructed with a removreleased easily by the user to open the
be
can
March
and
distribute
it
Patent
dated
2,180.187, entitled •
issued
to Barnejr,
fastener," dated Nov. 14, 1939, both
each of 17-year duration from its issue date.
the
company
exclusive
entitled
and
li¬
a
&
closing
plates when the teeth are Jammed, enabling the removal or 1
clearance of the obstruction causing the jamming, and when this is//,1
done
is
the
slider
derailed,
properly.
it
can
be
reattached
In' addition
safety
the
to ;the
;-
sale
the
slide,
type
will
the
period
distribution
and
of
the
be
of
will
the
The
the
available
company
of
zipper
will
company
zipper.
manufacture
slide
fastener
During/ this
or
fastener
conventional
equipment for
removable
removed
jamming
removable
the
sell
be
can
When
company's
the
the
•
distribute
that ;
safety
expects
company
within
sell
containing*
also
patented
six
next
conventional
zipper.
months".
type
of
.
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
$48,000,000;
notes,
restricted
to
by
order
dividends
y/164,
on
2058> 1
p.
$636,970;
of
the
unsecured
maturing
'•
earned
Securities
common
stock),
Common stock
and
outstanding $1,107,777,$27,694,445; first mortgage 3Va%
value),
par
Sept.
$12,102,000;
preferred
notes
(non-
one
year,
within
$1,076,000; accounts payable, $1,001,103; customers' deposits, $629,150;
accrued State, local, etc.
taxes, $1,921,873; Federal income and excess
[■'profits taxes, $4,288,356; accrued interest, $317,731; miscellaneous.cur¬
rent liabilities,
$201,925; deferred credits, $730,291; depreciation re¬
serve, $12,317,313; provision for contingent Federal income and excess
profits taxes, $5,456,086; miscellaneous reserves, $242,526; contributions
surplus (including $1,000,000
Exchange Commission as
and
$2,397,417;
<
/
total,
$133,923,187.—
/,/ ;' '■
-
Electric
tion
for
output
the
of
week
.
the
increase
an
companies
operating
ended
Nov.
by
this
corpora-
19.2%.—V.
of
p:
164,
directors
on Nov. 7 declared a
regular quarterly dividend of 50
per share and an extra dividend of $1.30
per share on the com¬
stock, both payable Dec. 2 to holders of record Nov. 18. On
Sept. 3, last, a quarterly of 50 cents was
paid, as compared with 40
each
The
each,
—V.
March
on
and,
164,
on
1
during
company
Dec.
1,
and June 1, 1946.
1945 paid four quarterly
of
that
also
year,
paid
dividends of 40 cents
an extra of 40 cents.
l-'
.
t\.
V'""
'
,
•-'.••siSvyA%'•>.-3
V,
1
1 s • /
(George) Putnam Fund of Boston—35-Cent Dividend
trustees have declared
tributions
21,
this
—V.
stock,
of
payable
15
cents
paid
in
a
final
Dec.
each
14
were
dividend of 35 cents
to
made
holders
on
of
record
April 20,
per
Dec.
July 20
share on
2.
Dis¬
and Oct.
year.
Dividends
164.
p.
•>
,.
'
V
-,
x"%■-> />'-•
v v
v-.
u'
*
,\v'o • ';V\V.
* ' 0
.
W
a
operations
Terminal
in
arrangements
completed
corporation
nation-wide air
tng
carge
Nov.
on
in
November
service and was set to start initial
Headquarters
15.
Burbank, Calif.
are
the
at
to
operate
load carry- /
Lockheed
Air.
v /
.
'
2325.
•'./
the
year
1945
also
totaled
80
cents
per
share.
,
flyer and execu- /
tive officer/the new $1,000,000 contract air carrier corporation got t
under way with a fleet of Douglas DC-3's. Plans indicate that a fleet of
Douglas DC-4's will be added as soon as these ships can be specially
equipped for handling all types of cargo. ( //
//■;
■
by Maurice F. Roche, former veteran Army
Officers
Buckman,
urer;
of
Maintenance.
of
company
are:
Mr. Roche as President, Orval R.
Vice-President; Henry P. Rosen, Secretary-Treas¬
Chief Pilot, and Wilbur Q. Mangold, Superintendent
the
Executive
Elmer Wall,
•
•,/':.-. //! ./>••//:
/ //-.
-'////.
■/
2158.
p.
capital
v!*
> '
Rapid Air Freight Inc., Los Angeles—Organized—
Red Top Brewing Co.,
the
granting
Pitassy,
P.
2448.
Purity Bakeries Corp.—Extra Dividend of $1.30—
the
to
the
for
Reginald
credited with $2,500 against the advance payment, v.
required to be made by the company: under purchase and sale agree-:
164, p. 2448.
Headed
The
to
company. was
This
served
9, 1946, totaled 216,670,000 kwh., as
for the corresponding week last year,
issued
were
consideration
ment.—V.
^
181,830,000 kwh.
with
shares
as
shares
shares
i--,v:
-
r
Outstanding
?145,QOO shs,
(par 10 cents) —150,000 shs.
organizers of the company as ;
of the exclusive licenses;
President and Treasurer, and
25,000
to Barney Pruzan, Vice-President; in consideration of/;
services rendered to the company, 15,000 shares to Caesar L. Pitassy,
Secretary; 1,000 shares have been issued to Reginald F. Pitassy, for...
$1,000 cash; 1,000 shares have been issued to Barney Pruzan for /
$1,000 cash; 500 shares have been issued to Caesar L.
Pitassy for
$500 cash; 2,500 shares were issued to Slidelock Corp. for which the
♦50,000
follows:
25,000
Public Utility Engineering & Service Corp.—Output—
cents
Broad
mortgage
the
p.
quarter of
Ranger
and
1946
obligations,
immediately
Foundry Co., the first
Authorized
Cumulative
—
shares
current),
The
from
second
Lushas
long-term
of
reserve
share), $15,000,000;
2039, to an amount sufficient to exhaust
the sinking fund, at prices not exceeding
l, 1947, shall be detached
&
the
at
mentioned letters patent.
and
differs
mon
Fidelity-Philadelphia
Philadelphia, Pa., will until
Car
start
advanced
13
Foundry CO«
for
1946
cents
The
will
Nov.
on
Car <fc
the
did
of
SEPT.
extremely
have
1946,
Consequently,
additional
company
the
of
cars
deductions
30,
to
purposes
tax
refrigerator
express traffic and can be equipped with
auxiliary hot water heaters
to -protect perishables in
freeziag weather.'*—V. 164, p. 2325.
the
'
high-speed
easily by the user or, if the slider
and adjusted to run along the teeth //
derailing occurs with a
conventional
type of zipper its operation is impaired and generally requires replace¬
ment.
The comany will be the only seller and distributor of zippers
containing the safety removable fastener slide covered by the afore*;
Sept.
1945.
30,
periods
ended
$152,997), $1,608,532; materials and sup-,
plies—priced at average cost (after reserve of $20,000), $2,861,476;
prepaid
insurance, taxes;
etc.,
$175,987;
deferred debits, $840,235;
total, $133,923,187.
,
*
*
36,000
1913.
p.
the
8,437
60,000
^
stock
stock
common
$5,867,654
taxes
over
for
ASSETS—Utility, plant,- $112,026,829;
$4,041,669;
137,794
0- 239,*903
taxes.
66,010
$6,624,031
.
1945.
compared
preferred
/ Balance
—V.
expense—
income
Dividends
-
118,466
—
and
2,446,000
$5,756,859
110,795
previously reported.
Federal
-receivable
$767,409
Total
profits
proration
$450,000
represents
/ in aid of construction,
Net
Other income
500
,
"J
..
Transportation Co.—Earnings
'
1946 \;0/
1945
Sept. 30—
5,4,000
$6,558,021
.
excess
the
shown
have
premiums
to
value
par
together
bonds
at
for
income
net
charge
239/300
Ooerating expense
Maintenance
Operating
for
stock
2448.
p.
2,547,097
to
twelve
as
would
benefit
debt
preferred
mortgage
used
2,207,484
reflect
amount
income
approximately
preferred
Philadelphia
9 Months Ended
Gross
to
and
Proceeds
has
shares
plans
states that on the basis of current market
similar character the
yield rate should be
company
securities of a
3.6%
stockholders
300,000
first
new
bidding.
The
of
of
company
1,892,774
Federal
to
„
A
$4,412,947
,
920,124
.3,001,277
$602,000 reduction in Federal excess profits taxes (recorded in
December,
1945)
resulting from the deduction for tax purposes of
accelerated
depreciation on certain war emergency facilities. Such
fThis
for
New Preferred Stock and Bonds—
on
$5,393,602
2,524,000
1,089,000
a
from, the
subsidiaries
135,112,000
8.7%,. over-the
or
its
$4,338,907
74,040
$10,225,021 $12,124,260
Net income
—r—$3,730,899 ' $2,520,173
$4,416,547 $3,320,557
.♦Before "provision Tor Federal -income
and excess profits taxes' of
gas, water and ice properties for periods
prior to dates of sale in 1945.
$450,000
,y
Philadelphia Electric Co.—Weekly Output-—
;
$5,348,076
45,532
1
the;
-
1,747,000
2,446,000
:
$171,575
weekly," Mr. Head stated.
"Although the new cars are known
refrigerator cars, they can be quickly adapted to carry merchandise
during
$9,129,907
deducs
tax
1945
$916,257
163, p. 2732.
.
1,662,703
income
other
.
—
$29,580
1,683,482
$8,246,803 $10,225,749 $11,019,356
883,104
Dfl2&
1,104,904
•
$14,094
cars
■
598,000
$2,470
surplus—
,
,
(
1946
s-r - ■ -
the
as
1,734,053
—j-~.
operating income
Other income (net)——
of
Products
•
charge
purchase
60
8,010,415
,
$7,653,070
2,305,000
Net
The
164, p; 832,
Dairy
to
2,065,204
tax—
404,210
2448.
p.
(10 cents par)
_______
25,940
^design at this time," L. O. Head, President, said
signing of: a $7,500,000 contract with the American
2,779,576
1,620,410 / 2,131,904
,——
♦Excess
above
Philadelphia
Earnings—
y
2,903,091
1,659,248
$7,653,070
Federal
•
year-end
a
1,660,984
inc—
oper.
income
pre¬
-
_
Mich.—Special Div.—
quarter
27,
amounts
'
-
cents
common
the
"
,
Distributions
June 29 and Sept.
1,- 1945.—V.
disbursed
net
Total
50
Like
share, both payable Dec.
per
6.
of
1,197,690
8,658,598
2,087,062
earned
164,
in
1,211,866
.
24,670
the serious financial situation of the railroads and < th»
agency, the necessity for additional equipment and the ex¬
tremely favorable outlook for the future has caused the express agency
•
1,256,936
.
-i—
income—_
oper.
♦Other
the
on
Nov. '8.
~
6
fourth
record
were
"
Pfeiffer Brewing Co., Detroit,
25
dividend
ceqts per share
holders
to
last.
15,
ceding quarters.—V.
quarterly
a
dividend of 25
taxes
42,245
$575,786
1.8P0
American
5,984,246
State, local &
Fed.
38,213
$55,520
transfer,
"Production
885,926
deprec.—
for
3,148
$38,764
.express
£4.IS
.
.
164,
tAfter
.
.
4,103
$4,130
Railway Express Agency, Inc.—Signs Large Contract—
Mos.^-1945
1946—12
.
inc..
"Despite
1,063,000
flncome and-profits taxes.
6;578,948 , '
1,147,201
2,199,150
operation
misc.
$5,424,690 / $2,721,246
$0.86
.
taxes,
920,000
-
ord.
income
to
—V.
211,000
1,032,000
from
income
Net
350,000
635,000
2,095,000
1946—9 Mos.—1945
Maintenance
*
'4
1,555,000
.
$4,626,412
656,000 shares of capital stock.—V.
share and
829,284
$618,031
359,000
taxes.—V. 163, p. 2997;"
^.Period End. Sept. 30—
Pepperell Manufacturing Co.—Extra Dividend—,
per
187,691
$93,733
ordinary income
come
Operating revenues____ $20,123,541 $20,407,323
$26,778,016 $27,292,086
Operation—
'
,.767,141
$1,195,687
'
590.277
income
♦Earnings
63,427
$41,912
181,000
128,000
Public Service Co. of
Indiana, Inc.—Earnings—
Prov.
-
137,000
226,000
272,000
0B?fore income and profits
1,225,852
225,273
4
income
649,000
348,000
income and profits
Other
Gross
12,624
$8,233
508,000
1,780,000
1946_____
662,789
Deductions from net in¬
1,391,000
30, 1946
/
communication
j
1,899,000
2,429,000
quarter
$444,211
v
7,325
Operating deficit
Ordinary income, non¬
$199,000
1945—_
1945
30,
2,972,992
$1,178,646
-
income
3,104,198
251,467
1,280,655
491,500
tax
Operating income
Other
998.456
______
1946—9 MOS.—1945
1946—Month—1945
•
;
___w
12 months ended
Sept.
_
Sept. 30—
$92,935
Net
f
__________________
966,275
$1,320,736
deductions-
$7,872,000
$547,000
494,000
350,000
quarter
585,000
Third, quarter
___—622,000
9 months ended
Sept.
local
$1,469,898
Other communic. income
675,000
478,000
.
Second
977,473
118,321
409,841
114,972
$168,684
.r
Gross
$746,000
____—___________
30,
7,514,519
460,257
""$140,088
2448.
p.
revenues
•«
quarter
quarter
First
2,242,226
(provision of)__
and misc.
Stale,
quarter
months ended Sept. 30,
12 months ended
Sept.
Pipeline
3,539,840
oper.
1946—
America
companies
Gas
produced
Operation
985,850
oper.
5 1946—10 Mos.—-1945
«
9
220,165,118 226,807,551 -679,298,285 690,195,9!^
$9,498,984
$9,319,942 $32,617,732 $33,084,612
Other
]
First
460,500
Total
Deduct,
Second
$4,866,576
■»
____
164,
$2,455,748
Cr78,000
to
88,699
$629,184
Total
.
1945—
purchased from—
Natural
>'
surplus
122,157
107,938
;
Radiomarine Corp. of America—Earnings—
$4,168,712
1,996,436
$944,000 $11,635,000
Poor & Co.—Earnings—•
256,047,434
trans,
607
p. 1637.
164, p.
Third
•___
income
earned
October, 1946, reached an all-time high,,
corresponding month iast year by 64.4%.
—^V.
(ir.
—
$4,926,323
93,205
The sales for the month of
exceeded those for the
120,155,592
311,373,333 313,992,932
102,227,291
$2,439,353
$4,833,118
♦Deficit.—V.
1946—9 Mos.—1945
70,830,970 259,784,676
53,749,290 108,140,276
$646,738
91,303
200
$2,365,786
period End. Oct. 31-^
Sales
,
77,525,195
Dr37,333
>$325,836
$2,348,050
215,636
Net
-
3erv.
101,984
Net income
:
Deducs.- from net inc.—
Plomb Tool Co.—Reports Record Sales—
.
customers'
// Br5,465
8,609
'
"
$4,963,658
82,892
$638,129
to
stock
common
and
1946—3 Mos.—1945
83,930
$2,337,369
•
sub¬
of
profit
—V. 164,
Peoples Gas Light & Coke Co. (& Subs.)—Earnings—
Period End. Sept. 30—
Gas Sales in Therms—
25,973
$652,203
,9,071
51,430
interests
Dividends
'
,
DrlO, 712
♦$334,907
2,542,482
149
$2,253,439
lnc._
469,443
27,360
942,929
5,169,343
$628,230
Net ordinary inc.—1Extraord. inc. (Cr)_—^
Extraord. inc. (chgs.)__
Net
ord.
7,874,222
♦$408,728
/
inc.—
ordinary inc.—
from
$9,942,720
631,270
_
$4,773,377
190,279
inc.—non-commu.. V
Deducs.
49,400
*
'
communi.
1946—9 Mos.—1945
$1,257,500 $10,127,661
♦$398,016
revenues
Period End.
/ 4,276,138
' -
309,120
1,599,553
51
net
companies
Net
$13,008,359 $12,281,834
■
oper.
Gross
$7,232,267
24,070
income
on
—_
,;
$3,082,484
deductions
of
minority
53,186
5,518,511
2057.
Ord.
$5,878,893
1,353,374
,
160,323
Proportion
389,644
1,950,000
49,400
.
_____0„—
;
50,000
—53,186
—y.—//
437,254
_
p.
Prov. for estimated taxes
...v
surplus.
164,
Miscellaneous
loans
$5)
Total
•—V.
163,946
586,420
843,795
Ca'pital surplus
Earned
115,759
181,984
reserve
reserve
$1,980,488
1,101,996
$4,149,783
Total
625,821
1946
educa.
on
251,378
,
Interest,
163,743
_
losses
9 Mos. End.
140,000
156,000
„
possible
Miscellaneous,
Capital stock
$3;898,405
Other income L—
156,790
140,000
1945—/
year
payable
for
Operating: profit
$1,509,9170
0/ 156,000
——
taxes
tax,
6 Mos. End.
"
—
stock
common
state
excess
Federal
Mortgages
1
: $1,817,011r
\0t 174,661
LL—
1
1946—Month—1945
$879,660
1,277,676
expenses—
Operating/income
(less
735,000
incl,
&
1,
—
due and accrued
wages
Accrued
Estimated
Notes
within
payable Oct.
Salary and
1
oper.
Net
discounts, returns and Sept. 30,'46 June 30,'46 Sept. 30,'46
allowances), operating revenues,
/
rentals and royalties.
$47,294,199 $51,311,490 $98,605,689
Cost of goods sold,
operating, sell¬
ing, adminis. and general expense
42,222,044
47,483,137
89,705,181
Provision for depletion/^/.: 133,831 v
192,781 :
326,611
Provs. for deprec. and amortiz._
1,039,920
1,655,083
2,695,003
$13,008,359 $12,281,834,
—
LIABILITIES—
Accounts
Dividends
Sales
491,272
199,438
2,469,181
/—w0..yy224,573
!
Mos. End.
239
?
122,104
,
——
__—
|V
—
—„
Total
Pittsburgh Consolidation' Coal Co; (& Subs.)—-Earnsr--
10,260
10,285 ://
Period End. Sept. 30—
Total oper. revenues—
Other
261,038 y
543,755
••
.1
„
etc.
charges
assets
5,695,261
;
__
110,170
5,006,507
111,720
J.—_
investments,
Goodwill
-
Communications, Inc.—Earnings—
/
common
0/_0,:.y/y;:\y 86,4750/?' 69,603
banks
deferred
40,051
y
-
transit
closed
Total
val.
redemp.
of supplies
deposits
Contract
72,200
RCA
A quarterly dividend of 40 cents per share has been declared on the
stock, payable Dec. 2 to holders of record Nov. 13. Pre¬
viously, the company paid regular quarterly dividends of 30 cents per
share on this issue, and, in
addition, on June 1, last, made a year-end
extra payment of 40 cents.—V. 164, p. 1637.
1
.
'
862,223 /■' 1,156,042
redemp val.
inventories
Merchandise
1945 '
$2,468,029
'
_
Pillsbury Mills, Inc.—Larger Common Dividend—
; 1946
$2,587,237
.
—i
receivable
Treas.
S.
in
:/"
RESULTS
,
♦Net
earnings
Cincinnati, O.—Earnings—
FOR SIX MONTHS
J
Earnings per common share
>'
♦
After
—v.
ENDED SEPT.
——
30,
1946
——
—
—
provisions for Federal income taxes and depreciation reserves,
164, p- 959.
.
(Continued
on
page
2589)
•
,
' / _.:
/
; /
"
COBiMERCIAL & FINANCIAL CHRONICLE
THE
Number 4S43.
.Volume 164
Stock Record
New York Stock
«»
DAILY RANGE OF
YEARLY RANGE OF SUE PRICES
'•
$ per share
•71%:
73
15%
STOCK
•48
49%
EXCHANGE
*28%
29%
CLOSED
AA 10'/a
10'/a
a
*15%
A-'.36 A
vA
4% ;
57 Va
21
*2032%
35%'
'
*-•34%
1
103
34
95
95
*30%
•
•. 32
*46
*68
..
..
•31-
,
■.
48
43
29'/4
29%
78 »/a
15 y4.
*78
15%
'
-
*130
,
A
194
':;'v 24
130%
:
130% A
m-i 19%
20
*100
••A:
A
^
15%'
.
A
A
I
•'
;
*11%:
V
:
26
: :
■
14%
'
6%,
87
87%
106%
-
19
.,7;
;V;.' v.'-'
;
U%
12
26%
15
18%
18%
•94%
40%
40%
♦49%
52 y4
10%
12
*11%
25%
26%'
*112% 115 A
10
.
t per
26%
♦99
*14%
26»/a
.
*144»A
f
14%
•175 '
34%
105
15%
.
287/a
146 a.A;
A?
CLOSED
106 A.* A
14%
•
49%
♦36
-
-*36%
31%
*27:
32%
42%
*140%
144
*54%
*
32%
28
♦35
26% '
- 41,a
:
-
*142
57
A
*54%
;
42
144
-
*
American Home
1,600
American
6%
non-cum
1,100
Amer
Internet
11%
12%.
12%
500
25% '25%
10,800
14%
7%
26%
14
-
,
100%
14%
13%
14
A
14%
33%
105%
104%
2,200
165%
79%
82%
83
Am
.20
35
16
15%
15%
—No par
Stand
20%
No par
San'y-—No par
♦36%
37%
52%
1%
165% a
1%
171
,
.
900
79% a
82%
82%;:
153
153
A;
79%
52%
*116%
16%
*104%
50 »A
162
101%
8%
.52 % a
16%
107 AAA,
A
102
9%
53%
6%
Amer
—
/
-
Stores
American
Stove
900
American
Sugar
500
-Preferred
Am
100
50%
51%
164% 165%
101%
9%
102%
9%
69
72
72
38%
40%
48%
39%
47
44%
iuy2
♦in
82
43%
♦111
79%
83 a-;
52%
;
*117
*104% 106
104%
50%
50%
101%
8%
9%
A
9
9%
75
41%
39
40
39%
40%
49
47
47
47
48
:
45
*44
51%;
16%
16%
16%
16%
16%
16%
16
111%
♦16
*103 Av.
16%
♦68
*43
*111
51%
le y8
No par
*15
410
53%
7,600
117%
;100
Tobacco
No par
16%
106
"24,900
a
:
163%
101%
8%
*68
:
2,700
AA
.9%
a
72
39%
40%
48
11,600
A
48
45
♦111
51%
*51
15%
'540
45%
111%
1,000
800
16%
3,000
"5%
5%
5
5ya
16%
5%
5ya
5%
37%
37
37
36 %'
37 y8
36%
37%
13%
12%
13'A
11%
12%
12%
13%
12%
13%
120
.140
For footnotes see page 2563.
*119%
120
138
♦135
*15
16
A
600
1,800
'
2,000
.
45,400
.25
Am
;
_.25
100
Corp
Water
Wks
No par
Amer Zinc Lead & Smelt—
$5
Anaconda
Anchor
conv
preferred——25
Copper Mining——50
Wire
Hock
Anderson,
&
Andes
Cable
Glass
preferred
Clayton
No par
Corp—12.50
No par
—-
Anderson-Prlchard
A
—1
prior
Anaconda
A
Co—21%
&
Oil
Copper Mining-
Corp—
10
———20
W Paper Co Inc———5
Archer-Daniels-Midland —No par
P
Armour & Co of Illinois
—5
*121
122
*120
122
200
$6 conv prior preferred——No par
145
*132
150
♦138
15Q
100
7%
preferred
:
;
1 ya Oct
73
Oct
76%, Oct
:150
Sep
$ per share
21
?
Die
Nov
Dec
14% Oct
41% Dee
lit
Nov
——
-100
S per share
41
Nov
19% Den
3
24% Jan
130% Jan
39% Nov
142% May
2% Jan
80% Jan
13% Nov
104% Deo
1 54% Jan
05% Deo
19% Deo
11% Jan
Feb 14
176
42% Aug 21
108% July 12
20
Aug 29
15% Jan
30% Deo
75
Jan
99
>
17%
Jan
31% Nov
1; 33% Feb
6
Apr
5
73% Jan 29
'Apr 20
50% Feb
6
172
Apr 25
5oy« Feb
4
43
May 10
38% July 11
58%Feb
6
158
Apr 10
67% Apr 18
Aug
40%. Jan
181
41%
153
Apr
104
27%
Jan
Feb
Aug
128% Jan
;
29% Jan
157
Jan
10
99 Va May
65
Jan
Oct
Deo
60% Nov
Aug
43% Dec
17% Jan
22% Jan
41
Mar
44% Nov
08% Dee
164y« Jan
200% Jun
2% NoV
3
4
21
100% May 17
174
July 9
~
78
May 28
104
32
52
191
*
Jan
31
7
18
10
11
30
30
3
"
11% Mar
186
7
8
'
Highest
Mar
29
Dec
31
Dee
00
Deo
181
Deo
v
08% Nov
196% Nov
90
Deo
65% Jan
145% Jan
91% Oct
161% Deo
69% Dec
121% Mar
Jun 24
43% Mar
116% Sep
28% Jun
110% Feb
5
8y4 Jan
29% Jan
125
Sep 24
70% Jun
182% Jun
5
5
98% Oct 30
105% NOV
6
102 Yu Sep
—No par
———100
Conv prior preference—
V
Jan
Year 1945
Apr 10
22% Jun
6
10
.164% Nov 13
>
No par
Elec
$6 1st preferred
—
Jan
—No par
&
American. Woolen—
Preferred
Oct
48 y2 Oct
116% Sep
13% Oct
_14
100
preferred—
120
120
137
5%
.5%
$4
51%
Tobacco.——
6% preferred
American Viscose
300
34,000
-100
——
Common class B
•
1,900
36%
5%
100
17,200
38
*5%
A
50%
Co
;
——
American
100
50
111%
16%
3,400
Rights
Jan
15
Lowest
133% Aug-13
123% Aug 8
;
23
Feb 16
24
28% Oct 30
26% Oct 30
24
Sep , 4
38% Oct 10
138
Sep 24
47% Jan 8
No par
Refining—100
"Amer Telep & Teleg
207,000
A 2,200
79%
160
,
72
45
26,000
ur
100
163%
100% 101%
101%
''; 15%
.
*161
163% 165
♦68
45
52%
>•
165
84%
: 83%
151
152
♦117
104%
50%
50%
51
♦138
53. A.
117%
16%
♦111
120
\
'
15%
52%
131
83%
16
111%
16
83
151% 152
US
AA;';a:-79AAA
117
*51%
15%
79%
15
52 ya
15 y4
79%
117
*51%
•37
m
52 Va
54
164%
AA
1%
.160
„JNopar
Co—
——
Sumatra
14%
103
„
60
:
29
19
35% Oct 30
—100
Foundries
American
200
165
25
—
preferred
non-cum
Steel
_—:.100
7,900
1,200
56'A
164% 165
152% 152%:
54%
15%
17%
*104% 106
69
47%
44
79 y8
152% 153
•116% 118
118
50%
162%
r
7% Jan
26
t per share
43% Jun
xl73% Nov 15
27% Jan
3
14% Oct
19 ' Sep
33
Sep
45% Sep
'
Jan
108
May 22
163
9
95% Feb 26
Preferred
American Snuff
j
10
-
a A. 140 .142%
164%
1% A
m
U§
Oct
American Seating Co—
—No par
Amer Ship Building Co——No par
Amer Smelting & Refg—
No par
30
-
-12,000
; . .150
100
Rolling Mill—
.—10
4 % % conv preferred ——100
American Safety Razor————5
500
Deo
Deo
July 15
17% July 1
*
Jan 24
34% Sep 23
10% Hep 19
97% Jan 2
88 % Jan
3
13% Oct 10
comL—No par
.—.—No par
——
;
:
2,300
♦19%
*54
&
23% Oct 10
American
210
20
470
Rad
10%
58
Jan
9
43% Mar 21
106% Jun 24
25 y4 Jun
3
Oct 26
11
Preferred
26,100
104%
16
51
140
_l
Co—
preferred
preferred
56% Deo
Mar
70
■
,
164%
79%
$5
A"16,600
173%
-
164%
AA
1%
$6
'
13 % Oct 10
100
Amer Power & Light
109% Deo
6% Jan
18% Mar 30
May 10
16% Jun
5
15% Jun 28
44% Jan 15
119
S per share
99
No par
Co
■■r'-A-'v x;.■
165%
■
t
21% Oct 30
■'
News
'
'
,
54%
;
Range Since January 1
Lowest
Highest
—No par
—
American
1,400
A
20
144
28
118
9
23% Oct 10
Sep. 11
Ltd—
Co
Molasses
-24,300
105%
xl73%
Metals
6% preferred
.100
13%
113
104 •'
Amer
Nov
Range for Previous
& Metals
American
40
Jan
47
Nov
*117% Nov
Mar
6
19% Nov
T%
Jan
20% Jan
91
Dec
9% Dec
-
35% Nov .4
Nov
111
Fdy Co——JVo par
preferred——100
.1,200
.
38
13
113
Mach
120
v,
cum
Amer
6,900
145 ::A-
13%
,*37
>'
800
26% .27%
146
,
-«•
3.90%
IT"
Jan
38% Jan
12% Jan 28
11% Mar 12 i
i :
—100
—
Par
Amer Mach &
5,400
AAaA-A'-SO-
.
.54%
HI
—No pa*
96
:
May 11
55% Jan
9
1
EXCHANGE
"
~
of
Shares
27%
♦99
35%
105 ;
20
Co
3%
118
63
9% Sep
;
27% Deo
2% Jan
Jan
Oct
29% Nov
.
10% Jan
129% May 15
Apr 15
8% Sep 24
99% Jan 21
—100
No par
1
Deo
149
f 30% Jan
6
2
NEW YORK STOCK
the Week
I per share
26%
99%
-
*142 '
Invest
Locomotive
23% Jun
STOCKS
-34
*
No par
preferred
Corp.
preferred
Sales tot
,
Nov. 15
.37%
'
36%
36%
,50%~-52. A,v,r. A-51%
52%
172
•
*171
172
36%:>36
36 a
162
*160
165
30
30%
30% 31
27%
28%
*28
28%
24%
24%
:
*25 •
26
40%- 41%
r
*40%
41%'
57
American
American
115
Friday
*175% 178
.
Ice
42
150% Deo
Jan
18% Jan
Nov
10
July 10
33
1
new
Jun
44% Oct
50
Products
Jan
Dec
67% Dec
127
112% Mkr
13%
Dee
109
Jan
V 44%
5% Oct 10
preferred
conv
6,360
ill
♦112%
.403%405
14
v 14%
-
'27%
;
A
42%
'
.
30%
28
26
*36
54%
-
♦25iAAA 26
.
,
;
,
168% 170%
171
A f36% <36%''.■?:'*■4 "36
♦162
166'
' ;:.162"
:
,
13%
2<K
48
52
12
6%
:
27
Jan
17
112% Oct
Jan
110
Jun
135
Jan
28% Aug
8
14% Jan 29
90
Sep 11
37% Sep 10
Co-
Oct
10% Aug
89% Feb
183% Jan
11% Feb ^
;
Sep < 9
5% Oct 10
100
Sep 10
18
Oct 10
10
SS
23% Dee
55% Oct
96
75
4
Leather— „1
80
Mar
39
108
18
—————No par
Deo
,
69% Jan
128
32% Jan 28
;
No par
-
Hawaiian
Hide &
10%
10%
•10%
10%
13%
13%
26%
27
*142% 146 "
14%
14%
38
38
13%
14
112% 113
;38
101, J03
$6 preferred
American
American
35
*107
111
24%
99%
-
:
37
166
*162
20%
•36%
A
53 y4
'
,
113%.
14
15%
20%
,
*
;;
600
^
*175% 178
X33%
34%
104% 105
15y«- 15%
178
15%
15 %
21%
13
111%
,
'
* 10%
Nov. 14
26%
$7 2d preferred A
50%
34%
34%
$ per share
*37'
a
34%
35%
104% 104%"
;
•49
25%
25%
*26
38
:
•175
t
35%
37
29:
-13% tl14%
114%' 115%
A:*104% 106
14%
15%
51
,
V:
3,300
Thursday
25
100
:
Wednesday
Nov. 13
*144% 446
*142% 146
14
14% -1
13%
13%
<
40%
•112% 115
*99% 101%
13%
13%
14%
27
STOCK
EXCHANGE
14
114%
178
14
.
,
25%
27
♦99% 101
A;
95%
40
$ per share
...
$ per share
27%
;168y4 168'A
A
Nov, 12
105
♦20%
37
Tuesday
,
100%
14%.
38
13%
114%
106
Monday
Nov* 11.
$ per share
share
14
14
♦37
A,
:
♦93
6,300
Deo
41% Deo
40% Jan 10
137/a Oct 10
,
43
Sep
11% Deo
Jan
150
Feb
I
164% Jun 14
34y4Apr 22
43% Sep 19
No par
35
71
X41
72% May 28
132% Mar 20
;
„5% Sep
$7 preferred
Jan
15% Aug
:
Jan 14
.
20% Sep 20
100
Oct 18
Encaustic Tiling
—1
European Sees
—No par
American Export Lines Inc
—40
Amer & Foreign Power—
No par
Deo
50% Deo
20% Jan
64% Apr 18
xl37
Sep U
17% Feb
1
Amer
100
23%
22%
10
30
American
1,100
8,500
7%
12
12
18%
18%
88% Jun
i
Oct 30
22
Oct
9
104% Sep 12
120
Sep 19
17% Oct 10
10
48%
2i
10
210% Mar 29
,
700
6%
6%
•106% 108
94%
10%
25y-i
25%
*112% 115: \
;
A
40%
♦107
low AND HIGH SALS PRICES
Saturday
A;; NOV. 9 A
16
23%
34%
111.
11 A
♦14%
6%
*49
10
10
♦107
1,800
45% Jun
Sep 19
Crystal Sugar—
—10
I .: 4%%
prior preferred.
—100
Amer Distilling Co stamped
.20
2,100
6
18%
•40
34%
48
Co—
23
53 % Jun 11
:
44
Oct 10
96% Oct
9
—No par
—100
Deo
104% Deo
3% Jan
43% May
106% Jan 15
-100
Deo
24%
36% Deo
197/8Apr 24
Oct 30
—No par
28% Deo
Ii4
91% May 29
,
189
;
Deo
4
79
-
No par
Colortype
10
- May 16
5% Oct 30
;
American
5%
109
94%
:
American
60
n
Fdy__
95% Nov
129
1
preferred
10
Deo
108
13% Jan
Jan 30-
13
—25
preferred
conv
600
47'A
16
32%
40%
*
6%
6%
50
34 Va
10%
10%
•107
111
n%
u%
V
97
•100% 102
a
&
39
Deo
42% Dee
Jan
153% Mar
15% Jan
27%. Aug.
20% Jan
102% Deo
88% Jan
62% May 31
36% Oct 30
—
Corp
American Chicle
1,300.
'
48%
7%
35
12
100
♦106
5 23%
22
19%
Car
non-cum
5%
23%
—
& Radio
Deo
*6%
22% Jan
29% Jan 28
25% Oct 30
72% Oct
2
•
9% Nov
Jan
91
63% May 27
'108 / July 29
6
64% Sep 20
b 38 % Oct 10
k,® 9% Oct 30
1
Am Chain & Cable Inc
260'
19%
18%
6%
6%
*105
109
;
1%
10
44
Can l—_—11-
American
74
—50
150
Deo
60% jun
39% May 27
—No par
100
Deo
66
a61% May 28
113
July 30
26
Aug 1
12 % Apr 25
75
Apr 25
Co
preferred
Cable
3
9
10
66
123
2% Jan
14% Jan
Jan 28
10
i—
Dee
82
9
Oct
Preferred—lill«—_——100
3,l>00
23%
♦14%
5%%
American
38% Jan
98% Jan
Aug
7
8% Jan 28
Sep
—1
Doo
17
6 % Oct
——
11% Deo
47%
34% Nov
11% Deo
15% Jan
92
Chemical_No par
Deo
Dee
6y4 Jan
25
Corp.
Shoe
17
Deo
17%
35
6
J—No par
1
Oct
114
69 y4 Jan 28
31% Oct 30 >
Corp——No par
Bosch
Brake
Amer
2,300
133
23
♦6
American
Am
108%
131%
19%
47%
6%
.A
Petrol
Nov
Jan
~
103
18% Oct 10
'
t per share
9% Jan
25% Apr
13% Mar
32% Jan
22% Apr
Oct 30 : 212% Jun 18
102
Highest
share
51% May 27
^29% Sep 19 aa;
a v 32%. Oct 30: '
_100
preferred
Airlines
Jan
60
1
Mar 30
12% Feb
17y4 Oct 10
154
par
No par
100
American Bank Note
6% preferred
.
400
23
48
Amerada
American
6,300
3,200
AAA %30-:.
.
conv
;
91% Oct
—No par
pfd—
cum conv
Amer Agricultural
800
6,200
24
♦107%
131
6%
a
110
110
23%
3%%
f
;
48 a
19%
.
15
193%
100
19
♦6
193%
47
*105
Stores Corp—__
Amalgam Leather Co Inc_
10
6%
88 JA
135
Sep 24
38
-5
Alpha Portland Cem-^_
f«00
f
19
52% Oct
,
Inc_—-Nopar
—
2,100
132
87%
108%
131
22%
100% 100%
46%
*130
24
*107%
108%
:
A 6%
106 y2
23%
-
Allied
46,100
14%
40%
14
49
48%
48
24
V,
18
26% Oct 30
95
i
1
Dyei—'—.No
4 % preferred
Allis-Chalmers Mf^
1,400
193%
8%
-
-
^
-88%,
♦193
:
AJ|Jed Mills CoKid Co
Allied
100
A
-
48
194
131%
■A
A
,
40
.130
130
6%
6%
134
6%
97%
8%
*34
'i-
-114%
*112%
..
14
i
.
»
39%
♦107%
7
40%;
♦49
106 y2
*11%
15
40.
♦129%
19%
6%
*96
?
10%
*10%
♦106
-
79
400
200
28%
79
Allied Chemical &
4,100
10%
28%
5
Allen Industries Xnc
1
68
:
5
100
preferred-No per
Alghny Lud Stl Corp—
No par
Alleg & West Ry 6% gtd100
3,300
T
Oct
Sep
104
;
conv
:
42 Vi
28%
common
.
preferred
$2.50 prior
12,300
.7%
67%
%
-
Allegheny Corp —3% Oct 10
5%% pfd A with $30 war
100
v 29% Oct 10
-
95
*48
67%
4
yj-1.500A
11,800
35
*30
52
10%
47%
♦106% 109
22%
23%
8%
51%
35
♦48%
42
15%
18%
.•
947/a
10%
6%
•15
7
.
-94%
10
Feb
May 28
24% Feb
8
68 % Jun
3
41% Jaa 28
20% Feb
1
59% Apr
8
33% Oct 30
__100
Aldens Inc
102
34
,
A'
—No par
Vicksburg
Ry_
2,600
:
20%
*100%
35
42
23%
50%
6%
102
.
30%
30%;
A/7% A 7%,
-
♦105% 110
100%
48
.
8«/4
*49.
34%
'
-34
.
50 ;
:
♦193
.
100%
19%
6%
♦100%
22%
108% 108%
', 23%
24,.
*96% 100
;,
*40
40%
'■j
>
.
15%
.*18%;
.
A 35%
: •
7%
87%
.
e
••
36'/4
36»/a
95 '
30%
■'V'
87% ;
194
49%
.
106% 107% 24y4
25
;
*107% 108% :
vAA, 131
131
19% 20 A
49
6
32%
35%
102
39 :
•130
7%
-
...
101
49
32%
36
-
*14%
23
23
;
33%
28%
A'"
>107% 108'%
♦32%
♦79 A 80 Va
.
134
6%
A v\a48
/•
24»/4
;
-
87%
.*193
XA
■■
48%. 49%
106% 106%
.
33 M
10%
a; "A 15%
15%,;
AAA: 49 :A40%"A
V/s
87%
♦193
.
<■
-
87 y4
::vv
'
;
133
"7^8.
.
20%
*20
42
79
21
♦20
i " 67%. 68
<
30
-
78%
40% : 41
*130
:•
•
13% Oct 10
1,500
,•
160% 162 Vz
20%
*47.
11%
'29
:
s
.
43
10%
10%
*20
&
19
44% Jan
4
24% Sep 19
9% ©ct 10
l
Inc-_„.
84% May 13
May 13
x50
1
$ per
169
10
30% Feb 26
10
3,600
■' 10
46%
8l/8Oct
—No par
—
Alaska Juneau Gold Min..
18,900
6,100
100% 100%;
20
Reduction
T; Alabama
300
161% 162%
7%
A
4y»
60
45%
Air
140
37%
*58
46%
19 %
20'A
X30%
48
4.
r
Express
Address-Mutigr Corp__
Admiral Corp
3,200
1,400
a"'A
36%
37%
*97% 102
34%
...
•
46.
102
.
37
*58 ,60
45%
44%
35
A;../:.69AA70-AA
,69
"
....
60
♦100%
.
8J/a
4% A 4%
;
4%
37%
94%
32%
.'-7%
;
'
10%
.
•' -
.'V-
32%
95%
95
%
50
4
34
y2 ■;
6%
27%
♦20
v>AA;' *36% i 38% • ■
r
*100
102
,-A
.7%
V,A
y< aa'S,'-;'
108
6%.
-
2.50
»>^10
Year 1945
Lowest
$ per share
61% Apr 12
105% Oct 29
No par
Co
Adams-Mills Corp
10,400
:
97
162% 163 A
i
Z"
*104%
6%
♦26%
*19%
20%
' '
'
108
6%
;
34%
*95
*97%
164%
20%" 21
32%
32 %A
.
,
36%
*102
H
-
:
162%
21
32%
AA 34%
A
97
♦57
-46'A
20 y4
a
2i
i6iy2
10 A' 10%
Straus..;
Motors
$ per share
No par
com
Steel
Adams
300
700
1,100
28%
36%
•0
*97% 102%:
100%;
♦104%
AA
!
6%
'A/:
•
58
-
.45
45%
;■
161 %
-
58
35
Acme
3,100
AA
£
28%
4%
4%
■
108
15%
49
30
*29%
10%
34%
35 Va
*95%
4a- 37 >. ••• 39%.-,-a.
.
10%
600
-
&
ACF-Brill
/A 2,300
6%
29y8
::>M 57%
,
A; :
97
"
44%
♦97 %
V
15%
49
49l/a
30
.
Abraham
9
43%
Par
Abbott Laboratories
2,900
109%
8%
43%
15%
49 Va
30
2 A 10%
io
34%
*104%
•
6%
•95%
38%
:
6'/a
*28%
37 y4
'
\;
97
4%
A
;
-
29%'
96
„
19
15%
J5Va
V
Range for Previous
Range Since1 January 1
Lowest
Highest
EXCHANGE
Shares
75
*103
9%
43%
49%
'v
30
73%
110%
8%
♦43
30.
*46
J
35% ' 36%
♦104% 108 •
6%
;;A 28%
.
29%
10
A
108
6%
16%
49 'A. A
29%
74
*103
9
43
15%
15%
49
!
36%.
*104%
r
8%
43 A
45'A A
72%
115
*103
9%
44
%
45
$ per share
$ per share
73%
the Week
A;':: Nov. 15
.:.,A -A
stocks
• A aaa.V,
NEW YORK STOCK
Sales for
Friday
Nov. 14
share
72%
115
9
9y8
45
$ per
73
*103
115
♦103
Thursday
Nov. 13
t per share
$ per share
A/A;a:AA;AA'AA''a'
A
Wednesday
Nov. 12
73
AA 9
;
Tuesday
Nov. 11
Nov. 9
FOR EVERY LISTED ISSUE
SALE PRICES
LOW' AND HIGH
AA; A'A
Monday
Saturday
Exchange
WEEKLY VOLUME OF TRADING
7
67
35
41
38
108%
43 y4
15 Va
13%
4%
26%
9
19
15% Jan 29
Oct 11
Oct 30
8
6
60% Jan 14
62% May 28
xll4% Mar 21
X64% July 11
27%May 27
Sep
Sep
Sep
Oct
Jan
Oct
Sep
Sep
Mar
10 Ya Sep
112
125
121
10
9
9
7
10
.4
19
22
9
Sep 11
Oct 10
May
51% Feb
90
99% Jan
9
Jan
100% Mar
"5%
Mar
26% Deo
112
Nov
31% Deo
140
Deo
11% Dec
60% Jan
•S
Jun
29%
40
Nov
Jan
38% Jan
67% Deo
Jan
48
Deo
July
38% July
113
Deo
24%
109
49% Nov
10% Feb
12% Aug
4% Jan
40 y4 Jun
23%
Sep
30%
Oct
6%
Jan
15
Deo
24% Feb
8
5
3
18% May 28
139
July 18
172
Jun 25
102% Mar
111
Mar -
18% Nov
9% Nov
127% Nov
141
Nov
THE
COMMERCIAL &
Monday, November 18, 1946
FINANCIAL CHRONICLE
NEW YORK STOCK
RECORD
STOCKS
Monday
Saturday
t
Nov. 13
Nov. 11
Nov. 0
*103
*103'/a 105
105
19%
*14%
1 19%
127
52%
*49
?
127
•132 % 135"
*49%
523/4
/ CLOSED
135
'-:
19%
19%
STOCK
EXCHANGE
130
*133
.IS
*14ia
15%
19%
130
21
*20
21
91%
89%
106%
15%.
106%
14%
52%
36
82
*80
34
37
80%
33
105
61%
116%
30
♦26
13
13%
17
18.
*21
.
22% "
7
44%
88
•
107
200
18%
6,000
110
18%
*133%
136
*48%
s
15%
21%
23
6%
7%
44%
43
7
44
50
51
87%. 89
107
107
15 7 15%
50%
52
36
36
81
*76
34%
34
106%
107
104%
105
23%s
23%
58 %
58
115
115
•24
29
12%
12%
17 %
17%
20%
20%
21%
*17/17%
20%
20%
X21%
22
'
100
1,100
*125% 128%
107
15
1,400
15
18%
51
89%
STOCK
EXCHANGE
Shares
15%
i
*125% 128%
133% 134
*49%
46%
105 %
20
/*14%/'T4%
18%
46%
YORK
NEW
the Week
*19%
20
106% 106%
104 % 104%
23%
24
59
60
*US.
116'
*25'
30
'• 12%
12%'
105
24%
*115
106
19 %
34
' /
106
60%
■c
*104
37
80%
;
106
24
$ per share
47
51 %
x51
343/4
36
V4
*104
*106% 107
14%
15
54
*
.
Nov. 15
14
$ per share
*49% ;52%
87 Va
88%
,
Nov.
Sales for
Friday
1/ Thursday
*46
46%
46%
105
1G0
*19V4
2Q
>'
14'/a
14%
181/2
18%
*125% 128%;
* * 133 % 135
-48
463/4
46%
45%
I per share■
$ per ehare
$ per share
$ per share
J
SALE PRICES
'Wednesday
.7/
Noy. 13
LOW AND HIGH
Tuesday ' • '
22 %
6%
6%
43%
-
43%
13
18% Oct
11 ; Oct
18% Oct
Id
Works
Locomotive
Baldwin
preferred/---——,——100
'4%
Barker Brothers———
4%%preferred——50
52%
23%
23%
Barnsdall Oil Co--//-————i.15*
r
•
6b
100
10
110
ttep
-36% Apr
19 VA Oct
Via
Oct
Bovuk Cigars Inc new—.—No paf
20% .21
*23
21
24
88% Jun
26;
64% Aug 14
41% Jun
56%
113%
105 »/a
/
Beck
:
112
—I*
Corp———'
—50
20
Beech Greek RR—/
Beech-Nut. Packing Co^—■_
Belding-Heminway-i—
-
—No par
COrp—_z——--C^l,
Howell Co——
»-10
10
24% NOV
'
Bell &
"
preferred—:
4%%
100
5
—
—No par
Beneficial Indus Loan
'
pfd $3.2$ ser of 1946-No par
Cum
——1
Co
Best' &
.
18
(Del)
Steel
No par
21
110
Mar 8
30% Apr 25
43 v Jan 15
142 /
35% Jan 28
i
Sep
112% Aug
6
52% May 10
31% July 11
114% July 31
10
30% Oct 30
'Feb 26
88V4 Sep
Sep
24
25
168 V
$2.25
preferred
conv
&
46
33 % Jun
66 % May 10
35
30%>v
48
40%
39%
*102 %
■'
15%
♦92
95%
.
15%
Brewing Corp of America15
Bridgeport Brass Co_——-—No par
Briggs Manufacturing
No-,par
16
33%
33%'.'
>25%
Bristol-Myers Co cqnjinon——2.6q
3% Ve preferred —J————1,00
51%
108% 108 % W
27%
*34
27%
34%
'
•103%
—No par
—• _l5
$3.60 preferredjJ_-c— No pgr
Brooklyn Union Gas
"
105
12%
28%
Buff
1Q4%
17%
:
17%
104% 105%
*98
*;73/f
8
82
*86
•
22
108%
17
99
,•
'
99
LOW AND HIGH SALE PRICES
Monday '*
Saturday
Npv. 9 I
$ per share
30%
'■;:i
share
<;/}
'
^
"
Noy. 13
Nov. 14
/ $ per share
STOCKS
.
Thursday
I per-share
.
Friday
Noy. 15
fS pen share
Sale! for
NEW YORK
/
Shares
Packing
preferred'
STOCK ;
EXCHANGE
preferred
Southern
Canada
Canadian
54%
54%
Cannon
13%
13%
Capital
$3
*55
58/
*123% 125 /
..
.
Carrier
♦6%
For
Caterpillar
59%
footnotes
Steel
Corp
Preferred
160
58%
Clinch
i5
__No par
A
class
_—/_/_
& Ohio
Co
__10
100
Ry
__5
—
—Z
A—1
-
;_10
series ——_50
Carriers & General Corp_l
Case (J D Co
1
1————25
7%
35%
•156
100
Co_
Administration
Preferred 4%
36%
36%
par
Ry
Ry —1
Mills —
preferred
Carolina
1—/—No
Pacific
Carpenter
'16%
34%
50
__1
—5
Campbell W & C Fdy_———No'par
Cgnada Dry Ginger Ale Inc—1.66%
7/ $4.25
CLOSED
133%
49
-,—Nopar
-
i—-
Zinc-Lead
47
16%
4
May 31
110
May 15
9% Jan
35% Feb
see
page
2563.
6
16
112% July 11
40.
May 28
$ per share
1
12%
*47
Apr
39% May 28
Lowest
Calumet & Hecla Cons CpRper
115%
*45
98
-
Year
STOCK
EXCHANGE' '
the Week
5%
14
13%
M(per share
—
Wednesday.
Tuesday
Callahan
4
8%
25%
*24%
115%
t
California
56%
.7%
* *
-c
$ per
31%
*55%
'
100
-
Range for Freyfop*
'
3%
102% Aug 16
21% Jun 13
i5% Jan 29
-
--—No par
Byron Jgckson Co..,
22%
*22'4
26% July 22
Mar 22
119% May 27
————
/ 6%
/ 17%
5%
59% May 29
111
2nd preferred—100.
preferred; —4———-u—100
Bldg 7% preferred__J00
Butler Bros commpn —j__—10
4 % % preferred —
—;100
Butte Cppper Sf Z)nc——3Byers Cp (A M)_—
—:—Nopar\
Participating ,preferfed
,100
2
28
46% Jun 11
Bush Term
22%
•107%
45% Feb
108 Va Mar
-
6%
—
2
14
Jun 25
'
Bpsh' Terminal-/./Z-ZZ/Z—1.;
/
89
Feb
99
—
14%
♦78
'
conv
22
22% Jun
.130
—No par
—
3
1
3
45% May 28
lj.0%'Mar 18
38 % Apr 23
25% May 31
3%% preferred
—-1Q0'
Burroughs Adding Mach—-No par
"100%
.
14%
115
Apr
Z 38% Apr
Bulova Wfttch Co Inc.,-'-—-*———5:
Burlington Mills;Corp copi—;
/-!.•
4t%s preferred,
:
100
3% %
96'/a
.*94
/ 42% Jun
70'
May
•
38 V4
38%
Nia^ El Corp $3.60 pfd——100
Builard Co
24%
*24
./
8
20% Feb 16
53% Jan 28
No par
—
4
9
93% Nov
Bucyrus-Erie Co_/—————a—5
7% preferred
100
Budd (The) Co/common
No par
7 '$5 preferred
'
—No par
Buffalo Forge Co.
:
—Zl'
'
♦27%
33% NOV
34% Jan
com_'
Bruns-Balke-Collender
24%
25
15%
15%
*123 ' 125
*103
Co1 Inc
Shoe
Brown
'
11%
Stratton^*/-/5i—No pur
Si
Briggs
26% *5
*51/
107% Aug
% % cum preferred —•/——100
Bostpn & Maine RR (assented)_100;
Bpwer'Roller Bearing Cp> new—ZLS.;
Braqiff Airways Inc—
.j.—2.50'
5%.\33%
*15%
57% Apr 22
5
12
71% Jan 23
61% .Inn
Bqrg-W£?ner
3
103
*5%-
*32%
9
9
48% May 13
7—15'
? Borden Co
Mar 26
Apr 30
69% July
i;
Bond Stores Inc- common-;
(The) J-u—
.
f
112
class- A——No par
—No par'
■Class B
30
47%
'
73% Jan
-5
& Brass—
Aluminum
Ami Co
10
'
18% Aug 21
Bloomingdale Bfothers _——No par
Airplane Co
/.
Bohn
10
Jun
58
No par
Boeing
Bon
10
/ May 31
16
30%.Feb
Inp/__—A___2.50
Laughlin
Mar 22
83% Apr
1
Riiss (E W) Co/—
8
36% May 14
24J/a bep .2d
98
Jan
Jan'17
58
BigelowBanford" Carp* inc—No paf
Black & Decker Mfg Co——No par
Blaw-Knox Co_—————#—No ]par
Bliss
Apr 17
37
112
.
Jun 25
28% May 13
9'
16% Oct <30
.
"
..
118% July 18
106
Oct 10
/ 28% Oct 30
144
7fy. preferred—
'Oct
4
9
.
12% Feb
9
30% Oct / O
101
Oct 29
22
.Best Foods—
Bethlehem
Feb
18
73' > May 23
4;
/17% Nov 13
Bell 'Aircraft
Bendix Aviation/
Oct
104;r
100
preferred
4%%
Shoe
Beech Aircraft
13%
13
May 23
1' V '
^%^\curo conv-ioo^
113%
*105 \
May 16
31
?y % Feb
40% Sep
17
12
57
10
23%
55%
28
May 24
30
48% Oct 14
v21Sep; f Q
B^thlron Works Corp—*.—1
BOattJcb'Foods Go-'—.-.——v25
-
'
47% Jan
Oct 3ft
26
30
30% Jan 16
'
10
12% Oct 31
Bangor & Aroostook—
/ Conv 5%
preferred--;
Barber Asphalt Corp——/
*50%
38% Jan
30
Baltiinore & Ohio——--Z-——10Q
—
„——__100
Tractor—
_No par
•
1946
Highest
f per share
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4543
164
..Volume
STOCK RECORD
NEW YORK
•I
LOW
'
Monday
Saturday
/ 19%
/
*105'/a
•
26
25%
26%
21%
21%
10
lO'/a
21%
EXCHANGE
21%
CLOSED
10%,
,10%
113
10%
:
98%
*10%
11
*28%
30.
*13ya
13%
-
p
30%
17%
18%
'29%
363/4
23%
233/4
"
*110
112/;£
*110
16
21%
53%
53%
-*7
.
>
.
12%
533/4
53%
7%
12%
7%
7
.
13
12
f7%
*63/4
52%:
•12
12%
:
;
7%
8%
7%
8Va
8%
.'8%
<83/4
8%
-8%
8'/4
14%
15%
'13%
<14%
i4ya
9%
10%
"l9Vi
97/a
9%
10
53/4
5%
'5%
15%
113%
143/4
14 y4
15
42
,
/:■
10
9%
:
■/>
■
6%
*6
14%.
5%
.
'■•14
15%
37%
;;
42%
•
•-201/8
19%
48
*58%
59
59
*15 Va /
16%
*16
17
*40
*24
*
32%
:
21%'-
<49%/
V19 3%
19%
20
19'A
19%
*48
58%
*15%
1S%
*15%
*16%
16%
16%
16%
7%
7%
v42
84%
27%
*107
115
noi
723%
23
23%
23
41
42%
41
42%
40
133 %
32
33
32 i/a
<12'/8
ll3/4
12
11
11%
92
18 3/8
h3/4
y
183/4
792
*91
Vi
18%
.*18%
•
18
Cinn
17,400
Jan
21%
15
20 Ve
Apr
31%
Dec
17% Apr ?2
13% Jan 24
4y4
Jan
11%
Dec
Nov
29
Jan
127
110
Jun
159
Dec
Jan
25 V*
•
Dec
Sep
11%
Nov
13%
29
109 y2
Jan
115V4
Feb
102% July 31
23% Jan 17
10%
Apr
20%
Jun
116
Jan
42% Feb
,
24
.
43
--100
40
Nov
Jan
■
50%
Dec
7
1
Jan
31
25% Oct
Jan
/.
16%
Deo
15
114
Jan
10
32
Apr
33
Oct
112
Nov
21% Mar
17
9
108%
Oct
10:
25% May 20
66% Jun 17
Oct
10
18% Jan
Oct. 10
Oct
14%
lO
•33%'Feb
22
Jan
15%
5%
:<•
Oct
Jun
.
12%
Jun
;
Jan
24
16
12%
Jun
34% Jun
Jan
15% July 10
Dec
58%
26
:
Jan
6% Mar
26Va Jan 28
14% July 11
V17% Jan 25
Oct 10
Oct
47% Mar
23
,
Sep 24
3%
vli%
30%
15%
34'/a
i
Mar
9
16
25% July
v,
25
33
16
May
51 % Jan
■.•£:•■•
—
—
Oct <10
liy4July
Sep
38% Jan
29
82% Jan
28
66%
Oct
; 43% Jan 17
25 y4
Jan
49%
Jun
54
Jan
66
Deo
19%
Jan
37%
Dec
59%
Oct
19
Oct 10
8
24%
S3
Dec
'74
Nov
Oct
'
Sep, 19
Sep 24
76% Feb
>
36
Oct
30
'37% Jan
6
>4,7% Nov
6
59% Jan
11
49
Jan
583/aNov
7
54
Jan
/...
64
Deo
Sep 19
67% Jan 17
25'A Jan
2
15%
Jan
/
27
Deo
4
25% July 11
16
Jan
18
•
v1
:.y.
>
:
'•''} ' '
'
15
10
Oil
'
\
14
MM' \
* x
Gas
-—;—-
•
>21% Sep
8.50
110
.—100
I
C
T
Milling Machine Co-il0
Corp
Nopar
x23
Deo
15
Deo
48
Nov
•(
6% Apr
1
v. 36 y' Sep 11
> 751/4 Oct 30
—.---25
-.—^—5
& Elec common..
Oct
■
15
Nov
Jan
8
29%
Jan
9
42%
Jan
44% May 23
7
20%
Jan
98
Jan
114
.
Jan
..
140y4
Deo
7
Feb
1
38% July
58% Apr
/
Finanoial
>
Jan
91%
May
;
28% Nov
Ice & Fuel.
—
No par
Investing Co—i———£5
5Va% preferred—,——^-100
4% Jan '
8
20
83
1*1
19
City
City
3,100
'
•
22% Oct 9
36Va Oct 30
27% Sep 10
5,200
<9l/a Oct
9
50
/
-91
Nov 15
2,200. ••'• City ••.•Stores——4,
5
.17
Oct 30
:/*/'(.
-:v; ■ v?:
y.vH/
Clark Equipment
300.
JNo par
44% Sep io
C C C & St Louis Ry Co—££100
178% Sep 12
5%
preferred—;—i.-—iil00
105
Jan
2
130
Clev El Ilium $4.50 pfd_:
No par
109
Sep 18
Clev Graph Bronze Co (The).
300
-1
52
Sep 10
5% preferred—
00 * 106
Jun 25
"20
Clev & Pitts RR Co 7 % gtd
.£50
> 99 V» Jan
3
t
Special gtd
stock—_i.-c50
56 y4 Feij '19
Climax Molybdenum
10,900
Nopar
20V* Oct 30
16,400 ;
<
91
18
Cotton
Cincinnati
1,300
>41%
'32%
r
preferred-*-—.:
Preferred
23%
:<
91
18%
18%
18%
30
7
——No pur
No par
% Chile Copper
Chrysler Corpi—
123,800.'
11% •121/4
93
*91
July 10
.11 % Oct 10
;
tChilds ' Co.------_No par
110%'
>33
x23%
A
Chickasha
'J'
y <i '
4,400
<
86
271/a
:
43 V
92
>
■
i/
.
86%
27%
110%
c
243/4
33
18%
*40
>42.
>
84%
27%
28ys
*107
115
41%
10%
*40
..
585
x82%
727%
Jan
Sep
No par
5%
300
7%;
& Ohio RyU,
111 RR Co—-
Chicago & Northwest'n- w 1—No par
-
'
87
28%/
32
">*4'^
<442...
*40
42%
7 v,:
14%
104% May
•
y
161/2
16%
3
17% Mar 12
5
preferred-w
—i-100
200 i;
Chicago Pneumat Tool—
No par
200
$3 conv preferred
—-No par
Pr pf
50
($2.50) Cum diV
Nopar
/'Chicago Yellow'Cab—.
—_Nopar
58%
716%
East
Series
34,200
V
48
58%
my*
*107
'
58%
7%
84
*44
v48:yv
>••
<58%
163/4
'27%
44
&
Class
10,600
>44 '
3
12% Oct
1.25
Va
'/Chic Milw St PI P vtc
15,000
48'A
!8
24
18%
20
16%
42
32%
10%
.^•91
42
20 v«
49J/a
7/68%
.
24%
.
j 41%
43%
of
Corp
105
par
prfeferred—!—*.^.50
ChiQ' Ind &: Louis Ry Go cl A-!25
'
30,400
20 Vi
16%
*40
14%
-—No
5%
800-
:/>14//.:
,/
48%
3/a
*15%
84%
,
.20%
16%
42
A
83%
10
:9%
-•
1,400.
3,700
5,100
;
6
*15%
ft 27%
28%
*107
'111
/"i
;19y8
/
59
8
•
'
8%
-14%-
•533/8
V
48
8
*8i/a
13%
-50%
'
19%
f<
i 45
(8%
3%
14%
•
14
/2j
26 % Sep, 11
25 '-jM 48%
4%
Class
A
—-—i,
——40 y
9%
Chicago Corp .(The).
.„1
.
7%
Chicago Great West RR Co___
50
5'/a
Chic
2,700
11,600
19 5/a
54%
50
8
;
'. '<41%
213/8
52
20
(19'A
Chesapeake
:<48
44
20%
•
*45 '.i»
:
•
41%
20%
54
50
8%
preferred—
Checker
Cab
Mfg
$4.50
3,200 <:
■
8'/a
8%
Champion Pap <& Fib €0 new No par
16,600
12%-
12%
*8%
8%
•#14%: 114%
26
38 ya Jun
/;/ 14% Jan> 3
23% Nov 13
>•* 21% Nov- 7
No par
Co—
Chesapeake
71/a /■.
>
>
(Co——J
Products——_u„1
Belt
500
•53
7
7 J/8
7
22% 7
'
!m%
.
52%
•
23% Sep
161% Jan
12'/a Oct
4
31% Sep. 24
Pasco
Certain-teed
VylOy
2.500
15% /
;
*21
Sugar
Mills—— No par
Copper——No par
Ribbon
de
Chain
4.400
111
■
Cerro
700
,/v
15%
16%
22
52%
53
: 53
:
16
■
;
.
'/
25%
Violeta
Century
•
3,800;
17,200 <
v
.18% '
26
Ill
600
35i/4
24
112
.
Highest
$ per share
109% Jan
$4.75
Central
400
?!
13
17%.
25i/a
:
V
26
22
16%
22
*21
22
*21%
.
*111
112
r
16
17%
17.
16%
21%
*111
112
18%
-••>•24 y«
x23% ','24%
'••
•
80
21
"
13
25 >>
•'25
'25
*24
:
v
'•10'A
//35%/
173%
18 %
'17%
19% #
20
113
:96
•
*29
v;
11
'
18%
Celanese
$ per share
■
7 -35
353/4
10%'
*95
IO3/*
31
•
"
Lowest
$ per share
$ per share
.
9% /
*111%
10
*29
21%
10
<10% :<10%'
♦13
20% '
9%.
/ 111% 111%
*95' •v97.%:
:
i3y<
353/8
.
23%
'•*22%
<9%
;293/4
;
7/13 %
25
:
21%
10%
*9%
25
'25
21 Vi
10
'
14
35%
36
*20'/a
y
:
!97
97
30%
U3%
/
20%
10%
113
111%
10'/a. 10%'
.
34
*
■
•*9%-
9%
10 %
10%
113 98%
-
*97
*97
*20»/a
21%
:
10%.
9%
115
*113
•21%
.
26%
21%
203/4
21
'•
Year 1945
Highest
Corp of Amer n6w.No par
19
Oct 30
1st preferred———No par
104yaSep 19
7% 2nd preferred-!
-—£100
138
Oct. 29
''<4,700'
Celolexy Corp-_
par
r ' 22% Jan
3
•'
600 5
5%
—££20 ,7/20
preferred
Sep: 10
Central Aguirre Assoc—-/—No par
;
1,400
20 " Sep
9
Central Foundry Co_
4,700 i
—£—1
V 8% Oct: 10
Central Hudson G & E Corp .No par
:,'(9
Sep 10
2,500
•••:';.•::• 60 ••, v5 Central 111 Lt 4Va% preferred—100
-110% Jun. 20
Cent- NY Pr Corp pfd 3.40% ser-100
100 •«
97
Nov 13
600 '
tCent RR of New Jersey——*.100
eye Sep 10
'.v 100
y-
144
vi.'H25%5-<;26%":
253/4
.•
///Par
•
Range Since January 1
'
;/<"- i'-r •■'/<:,y< Lowest
'EXCHANGE
yy:
Mi18,700
20'/a
107%
'
25%
20%
21
STOCK
*26
25%
19%
*142 '/a
7
144
*142%
STOCK
YORK
NEW
Week
Shares
107%
20%
19%
:••>!
144
142
141%
U/.^e'Va '■ 27%
Sales for
( the
Nov. 15
$ per share
•>105% <107%
107%
>*1053/8
107'
141%
.143#/'/
y
■
share
$ per
1,
19%
193/a
20%
20
107 £; ::■
*140
igc-iwr ncviuus
$ per share
$ per share
19%
*1051/4
-STOCKS
Nov. 14
Nov. 13
Nov. 12
Friday
Thursday '
Wednesday
Tuesday *. V ■'
$ per share
$ per share
:
.//■v:'
JJov.U;
Nov. 9
SALE TRICES
HIGH
AND
9
22
May 10
.108% Mar 5
38% May 11
'58
s
Aug
Deo
80 I
y
5
9%
Jan
105
jun
25
Nov
:
.■
*
*46%
47
47
*47
*160
190
*160
190
*160
190
*160
190
*160
190
*90
105
*90
105
*90
105
*90
105
*90
105
112%
112%
46%
48
*46%
64
64
*62
112%
112%
113
*112%
463/4
64
y
f
48%
113
113
64
*61
-623/4
*60%
108y2
*107%
108%
*1071/4
*101%
102%
*100%
*107%
108%
*100%
103
♦100%
103
101
101
*56%
62
*56%
62
*57
462
21%
22%
21 %
23
20%
21%
20%
32
313/4
32
31%
31 y4
30%
41
'>150
163
"
43 '
43
LOW
•Nov* 0
.
$pershar4,
share
■
144
STOCK
42%
11%
17
"
:
"
CLOSED
15%
»42%v
14
.
'
30%
29%
29%
30
29
29%
29%
.10
37%
23
23%
'
37%
*37
23
23
*85 V*
'
42
40 %
41%
109 %
109%
14%
30%
29
29%
9%
9%
<36% ^38%
3%
'421/4
32%
21%
3%
14%
26%
27
'27%>27%
34%
'35
7%
.
;35
'
.
7%
6%
271/8
£106%
' 22
15%
21%
21%
15%
15
15
45%
17%
18
17%
20%
20%
20% '21
18%
19%
>18%
}
'
'1
-
38%
1
^
J''
,
4-37'/a ./38%
♦106
;
•
<
>107
-108%
91/4
-9%
-
,
*:.4-9%/9-%
48
48
47
.47%
11%
11%
12
111/4
.11%
36ya
16%
37
37
16 Mr
16%
;:37%
: 36'A
16%
16%
J151/2
15%
<15%
*47% -48%
47%
>16
*47'A
16%
48V4
131/a .13%
•
13% " 14
13%
54
*52%
64
.35
;
.
<•
-
52y2
10
109%
77
May 20
108% Mar 5
106%
Nov
110%
:
'
•
V ?v£> *'
'
521/2
14
13%
*55%
28
•
Va
*104/
5%
36%
'*103'/a
104 %
'*28%
:29
*52 Va
54
29%
,:
■'/>!
.
footnotes see page- 2563.
'29%
105%
"(116%
68% / 69%
1
192
;
.37%
120
190%
:6
7%
4%
<4%
4%
35%
<>' ;
'29%
105%
192
<36
33%
//£.'*103%VI04%
104%
-
*28'/a -29
.;
•
:
'
>26
37%
•' 52
■
-
/
-
"• 27%-
52 >•-
28% .-29%
'105
(105
*116% 120 ->
*102 "i,
28%
37%
-;/
*52
#
192
192
'
1,400
*26Va
"36%
*52
36
5,400
<
Sep: ?4
.2
.<•
37%'
100
Jun
59
Nov
4
Jan
41%
35%
Jan
53%
140
May 31
<
105%
105y2
117
117 *
'
100
Sep
Oct
Deo
155
Apr
Range for Previous
Year 1945
$ per share
$ per share
No p«fr„.' I30
No par
■ 62
V
200
Oct - 9
Jan- 23
■
,
Highest
> $
$ per share
130
Feb 11
59%
69% May 20
May
Deo
per
share
Oct
Nov
183
72
.
--
31%
110
63% Jun
5
18
39
Sep 19
12% Oct 30
28
Oct<30
30
Sep 30
r13
Jan
14
28
28 Va
Jan
Deo
Jun
46%
Jun
46%
Jan
Jun
Jan
14
25%
Jan
29
31
Mar
50ya Nov
31
Mar
Jan
Jan
28
50
Nov
14
Jan
24
Jan
11%
Deo
48
Apr 22
36
Nov
41%
Oct".
36% May 21
20
Pec
28
Deo
39
Jan
110
Deo
4%
1061/4 Apr 10
'50% Aug 12
59% Jun
0
15 Va Aug
53 y8
Sep
116%
Deo
25%
Deo
/
•4% Nov
H Jan
89
Jan
28% Jan
Deo
i.l24%
/
341/4 Nov
26y4 Mar
39~ya
29%
60
Jan
24%
106
Dec
34%
Jan
/Sep
Oct
Nov
7%
3% Mar
Nov
i 1091/4 May
22
Deo
45%
Deo
35%
Deo
17% Aug
45
Deo
108%/Jan
26% Apr
115
11% July
31%
Jan
17%
Z
Jan
Feb
40%
Nov
'
8% Jan
17%
93% July
37% Jan
109%
Deo
Deo
50
'
Sep
Deo
113
106% July
10% Apr
17%
Deo
Jan
59 Va
Oct
Jan
20
Deo
29% July
43
/Nov
46
8%
16
28%
Jan
Deo
-
47%
Feb
55% Nov
12 y2
Jan
19i/a
Deo
49%
Jan
63%
Jun
27% Jan 18
16%* Aug
26%
Deo
21
52 V* Mar
64%
Jun
38%
:67'/a Jan
39% May 29
109% Aug
<
v
70% Aug
"
2101/4 Mar
14% Apr
:7% Jan
;49% Jun
Oct 30
110% Aug
7
20
-0
19
10
18%
50%
Nov
47
.
Sep
Oct
Sep•
Sep
Deo
47
•
Crane Co common
—25.
' 31
-3%% preferred
4.—100.
103
/'"Cream of Wheat Corp (The)— 2 ',>28
Crosley Corp (The)—
Nopar>
,201/4
X Crown Cork & Sekl——
No par- > 32
$2 preferred
Nopar
>-48
/ Crown Zellerbach Corp
5 ,<:• >25
$4.20 preferred '
Nopar -103
$4-2nd preferred
Nopar
110
Deo
50%
38
36% Oct-30
Cornell-Dublier Electric Corp—il
12% Oct 9
Corn Exch Bank Trust Co
20
52
Sep 11
Corning Glass Works common
5
.125% Oct 30
3%% preferred
—
-1U00 / 104% Oct 14
> Corn ProductsiRefinlflg——-££-125 /. ' 58y4 May ,?8
' -Preferred
■ Sep 24
Coty Zinc
—-^1
7%Nov;14
> Coty:Internat Oorpn
14ya,Oct*10
Deo
106
t
16
Jan
49
Oct
Jan
14
29
23% Jan
24% Feb
41
Feb
101%
34%
•60% July 11
Aug 20
Nopar
42% Feb ^6
No-par
102
Sep <12
No par
37
Oct ;30
Nopar 10% Oct 10
£-20 ,:• 15% Oct. 30
100 /V14
Sep 19
10
! Lowest
Lowest
•
Sep 10
Sep 24
Oct 10
200
6,500
/>//••
120
-53 '
Apr
Jan
Highest
300
1,200
Oct
"/68% Nov
Jan
Jan
165
Nev
271/2
115
36% May 21
./f.605/a Jun
7
23
300K-
<29% T30%
30
120
4%
/ 104%
29 // 29»A
28%
*116%
1,300
*103
38
'
;-53ya :
106
8
35%
36
*105%
J92
4%
5
29%
10
6,500
350
7%
'7%
104%
/
Jan
53%
„
290
3,700
V May
34 y4
July
44y2Feb
123
July 15
preferred-—.: 106
Sep/26
<321/4 May 13
Commercial Solvents—
Nonpar' / 19Va Oct 30
5% Jan 31
Commonwealth & Southern—No par
2% Jan 2
132
Feb
1
$6 preferred series—T£
No par : /HI
Sep 10
361/a Jun 17
Commonwealth Edison Co—-i—-25
'29'ASep 4
?18% Sep
6
Conde Nast Pub Inc new
No par
13
Sep '20
40% May 13
2,100
Congoleum-Nalrn Inc—
No par
24% Oct 30
'>55% May 13
400
Consolidated Cigar———^No^par
33
Oct. <9
10% Feb
6
16,000.
Consol Coppermines; Corp.
—1—5* /. 5% Oct 10
36
Feb
6
15,000
Consol Edisoii: of N Y
No par
24% Oct 9
109% Jan 28
1,200
$5 preferred—
i—
No.par . : 105% Sep> 4
(25% July 12
1,800
Consolidated Grocers Corp—1.33%
17V4 Sep 10
•23% Apr 20
600
Consol Laundries Corp
——5
143A Nov 14
60
May 27
3,100
Consolidated Natural Gas
,—15
42% Jan 18
33% Jan 17
11,8004: Consolidated /Vultee:Aircraft!—-1
16%Nov 13
47
Jan
8
1,800
Consol RR of Cuba 6% pfd—£100 ,
l6'/a Sep 24
32
Aug 26
3,100 ' Consol Retail Stores Inc
—i—1 < v 18% Sep<24
115% Mar 15
640
Consumers Pow $4.50 pfd—No par
111 % Sep 25
54i/aApr 18
3,400
Container Corp of America
—20
35% Sep 9
4
Vlv *< '4 w,'
^ v.
*' ^
v/ ^' r !>' /•' 't ' ' f \
99
July 18
6,300
Continental Baking Co
..Nopar
12% Feb 26
Jan lo
•
$5.50 preferred—
N<3<par. J101
Sep ;23> i 109 Vb Jun
10
53%
12,400
Continental Can ilnc-^*-——-ii204
33% Sep/19
113% Mar 29
- 200 •
$3.75 preferred—
No par / 106% Sep 24
8
:18% Feb
1,100
Continental Diamond Fibre—
'-5
8% Oct >30
63 V Jan 18
1,200
Continental Insurance—
—1048 V4 Oct 29
Jan 29
24
7,200
Continental Motors—
1
10
Oct 10
<49% May 23
6,600
Continental Oil of Del—
.£—5
337/a Oct>30
X23% May 29
1,000
• Continental Steel Corp
—114
• 15% Oct 10
Feb
1
600
Cooper-Bessemer. Corp———No par,
/14% Oct 30 / 30% Jan 19
56
20
$3 ( prior preferred———No par
A6V2 Oct -9:
Feb 16
23%
2,800
Copperweld Steel Co—5 /1-12Va Oct 30
60
Apr 24
130
Oonv pref 5% series——.——50.
50 Oct 31
1,900
*103% l04»/a
69%
70"
28
*26
/37%
26%
*104
105
> 68% .70
7%
5%
>29
>27%
'27
:
104% 104%
./'*'52% >52ya
125
7/For
-5
?28%
106%
*116
>28
*26% ">28.%/
38%. : 38%
29%
*105%
56%
36%
39 /
13%
14
56% -56%
26%
26%
13%
56%
26%-
>104
28
'*37
"
v
>/
'*27
13%
( 56%
671/4 4 68%
192% 192%
8%
:8% /
8%
5%
13%
55%
*104% 105%
67%
35%
13%
55%
>27%
193
*83/a
14%
55%
28'/a
105%/
V67%
*192%
13%
-
56%
•
Deo
105
93'/a
18
Apr
62
<
'
205
9
106
.
.
Feb
Jan
44
$3>60
,
Jan
>
89
.
6% !
'' r
(The>—
Commercial Credit-—
>260
12,500
1D7.400
4,600
11,600
700
,
18%
19%
*104 >107%
' 38
38%
108
108
91/a
91/2
47%
47%
11 Va
11%
367/a
37 ■
*16
16%
16
161/4
*47Va
48y2
131/4 .13y4
>52%/53% //
52%
52V2
1,200
200
.
5,700
i '
19%
377/a
39
108% 108%
v *9V4
9%
47%
47%
11%
11%
36%
37
*16
16%
*15%
16%
*47>/4 ^48%
13%
13%
1,500
16,600
6%
>113% Jan
Columbia Gas'& Elec——Nopar
8% Sep/24
Columbia Carbon Co.—
^No.par
,33% Sep 10
Columbia Pictures com___—No pat* V'21% Oct 30
$4.25 cum pfd WW—Nopar
82
Sep 25
Columbus & Southern Ohio Elec—10
36% Oct 10
52,600
26%
27 V4
106% 106%
2iya
21'A
14%
15
45
45%
17
17%
19% ' 20 v
18% ' 18%
112%, 113
41% 42%
<1 4
'
18%
38% "
37%
109
48
'
M1'
19%
18%
6%
.
'
.
19%
23
<35
,
';''>103%/40a/4':4;4>103%>j0»4/^ >103% 108
•
9%
43%
43
'
•
19
113
113
44%
^
19
•19%
107
"'
26%
8
Range Since January 1
:
4% non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A—2.50
Class B—
———ii.2.50
4,000
2,500
.
•
.Colorado & Southern
.
860
,
26%/;27%
17%
19%
18%
'
113
43%
44
,
18%
113
113
109
18
<45:
340
—i
107% 109
20% ;/2iya
3V2
3%
122% 122%
32%
32Va
14%
14%
26
26% /
106% 106%
211/8
21%
14% 14% /
45
45
17
171/4
20
20
18'A
18%
112% 113
41
.41%
21%
15
21
xl5
44%
.16%
19%
>45%
445
'h'T4%
Co
Colgate-Palmolive-<Peet
$3.50 preferred
Collins & Aikman-^!4-I
Colo Fuel & Won Corp
5% cum conv preferred
12,200
1,600
.40%, 40%
14%
170
Jan
152 ya Jan
Class A
Coca-Cola International Corp No par
350
900
167/a
: <4i
£100
Par
Coca-Cola
1,700
*84% .85%
40% <41%
.
35
6%
27%
1067/a
45%
43%
14%
26%
<35
7y«
28
7-
27%
.
113
34%
106% 107
.
27%
27%
106% 107
21%
J34%
*14%
14y2
14%
6%
*26%
32%
14%
27
31%
32%
16%
23
„
' 39% <40
>109
109
<20
21 \
3%
'3%
122
122%
32J/4
32%
-
#122% 123
122% 124
14%
''40
109% 109%
'20y#
20%
3%
3%
109%
132%
*33%
r-39
<87%
41%
>84%
-41
>85%
33/2
122%
32%
<85
65
&.Co——Napar
K
800
320
14% <15%
*13
14%
29% 30
29% 29%
9Va
10%
35%- 363%
.
23
23
<40
>20%
,3%
•
23
23
'403A'
'■*108
20%"
20 Va
29%
9%
36%
'86
42%
>40%
122%
'
?43
*84
87
41
29%
9%
'36%
30
9%
<37
10
;Share$ '.
—
14
15 /v
15
*13%
30J/a
'
'9%
«
*14% 115
14
14
14% i/15
*13%
14%
l29%
29%
16%
-12%
16%
Xl6%
the Week
47% 47%
104
104
*40% 42%
12
12%
304
-42%
*103
42
-'.-12•
16% /16%
/
*64
*900
24% Sep
1
STOCKS |
NEW YORK STOCK
EXCHANGE
Sales for
141% 141*%
Inc
Preferred
•
••
\(t per shate '
47%
-47%
47%
'll7/a ;■ 12%
•
14%
*13
'
~
*900
*103
104y2
< 41% v'42 • >•
16
14%
16%
15%
65
.-
Nov. 15
142
65
142
*64
1,900
41%
163
Clinton
Cluett; Peabody
,
$ per share ■
■
47%
48
16% .16%
15%
15%
•14
^
Industries
1,900
Friday
Nov. 14
142
65
12% ; 12%
*
'
142
*900
104%
104%
z.42%
EXCHANGE
43
12%
17
"
--< •
,,!47>.
-
50
104
I
Thursday
per share
32
>150
163
PRICES
Nov.jl3
.
211/4
41
-41%
41%
*150
Wednesday
65
*900
104
SALE
144
65
64%
♦900
*48 i
HIGH
share.
per
142
64%
AND
Nov.il2
Nov. 11
$ per
"160 ""
Tuesday
Monday
Saturday
142
43%
41%
*155'
160
*155
I-
31%
31
42
•62
20%
21%
32
102%.
*57
62
*57
49
Feb 27
108
■•
1081/2
Dec
72%
71% Jan 18
205
.
63%
62%
'
:
113
1121%
*107%
/
108%
*107%
"
48%-
35% Jan
391/4 Feb
Jan
.62
54% Feb
40 y4 Apr
110% Feb
:
150
14
12
30
10
29
17
|8
14
1
14
6
12
5
Apr 12
30
Oct
Oct
108
Deo
Jan
71
Oct
182%
Jan
199
Deo
6
Jan
13
Deo
101% Aug
58 y4
7%
Dro
3%
Jan
25%
Jan
43 y4
Deo
99% Aug
108 y2
Deo
Jan
34%
Deo
24
41
Jun
37
Jan
59%
Deo
49%
Nov v
53
Deo
28% Mar
20%
106 Va
106
Jan
Dev
Oct
30%
112
124
Deo
Nov
Nov
wN*wwewtw
FINANCIAL CHRONICLE
THE COMMERCIAL &
Monday, November 18, 1946
NEW YORK STOCK RECORD
LOW AND
Nov. 9
$ per
$ ver s*"m*
"
share
*24%
99'/a
-
,
38%
CLOSED
38%
37%
EXCHANGE
'98
*95
i
:
11%
V/ 108% 110;
\ .*68
/;
7
*
70
•
.';
/ 7%
xl9%
■
"
,
98
*17%
19%
17%
17%
24%.
109
20 %w
37%
•
17%
17%
19'A
17'A
33%
32%
113%
*111%
'
3,100
—-
,
1
*17%
18%
18%
20%
21 Va
37%
38%
.36%
35
35%
35%
37%)
7%
*61%
25 y8
'
*61%
66
17%
26%
27
27%
27%
26%
38%
38%
*37%
45
*43 V*
45
19
20
*19
20
21
177/a
17
105%
105
105
327/a
,32
32
54
*52%
17 y2
*32%
*53
105
105
31%
T
52%
A
—.
Doehler-Jarvis
18%
17%
18>A
72%
17%
177/a'
Dome Mines Ltd ———No par
69
116 m
98%
,*97
163/a
28%
175%
175% >
172
-
175
127
127
r
■
Nov. 9
$ per share
A
.
I
Dunhill
-
Du
P
de
No par
Nemours
145
July 18
45
May 20
preferred
Duquesne Light 5%
D W G
16
Cigar Corp
Nov. 14
,
Nov. 15
$ per share
$ per share
$ per share
-
19 ya
29
July 15
98% Nov 15
34
31% May 23
215
194
194
108%
34% Apr 20
_
21'/a Nov 12
58% Jun
42 %
—
39% Mar
34% Aug
34 y*
16
21
Jan
Jan
Feb 25
67
—
39%May
9
50% Apr *4
,38
Aug 26
34% Jan 14
40%
16%
:-!??=
July 10
24
48% Sep
28% Nov
16
62% Jun 10
47
14
48
X23% Sep
16% Sep
10
377/a May 31
29% Feb ' 6
—
18
26
192
Jun
11
118
65
Jun 27
21%
112
7
*110
7
122%
52 Va
53%
15
,37
3%
3%
17%
156'*
1/15%
15%
•
,
145:.:
44%:
14%
16
*145
Va
5"1%
49%!
13%
13%
19%
20
19
19%
19%
19%
18%
74
19
74
13%
lp
181
73%
*106% 108
106%
/
26%
*103%
*107
108%
25%
Shares
t per share
108%
108% 110
109
109
95
12 y2
2%
11%
108
3
2%..
3
12
11%
12%
X57
57
55
56%
*90%
12 y2
19
27
273/4
94
12
*18%
25%
*90%
95
-
12%
11%
,12
18%
18%
.18%
;26%
27%
26
38%
39
37%
*7%
a
38
*"7% :.
.49.,.
22 Ve
-
8%
22
8
65
NOT
Rico—_—20
36% Feb
5
86%
Not
Farnsworth Televis'n & Rad Corp.l
.49%
193/4 Jan
9
20% Deo
263/8 Jan
112% Feb
10
26%
13
110%
Oct
Dec
Fajafdo Sug Co of Pr
9
223A
Federal Light &
Traction
11%
24%
306
11%
2iy«
51%
57
•
Federal-Mogul Corp
12%
*ll3/4
23 ye
23%
106 :
*1051/4
*105
.12
,
23 y2
4%%
•
Ferro
Fidel Phen
55%
Firestone
*105%
55%
Xl8
28 %
*107%
107
First
183/a
Firth
29%
108
*
34
34
;
16% .17
16%
*23
,
Enamel
4%%
55%
24
preferred^
conv
21%:
Corp
Fire
preferred
National
Flintkote
(The)
Co
/
$4 preferred
Florence Stove
Florida
Power
7
5
32% Not
5
18
*
100
1
34% Aug 13
Feb
7
34% Mar 29
108
Feb
7
23
83% Apr
109% Jan
6
17
10
No par
No par
——No par
com
No par
Co
7%
Corp
Florshelm Shoe
54% Feb
43% Jun
21% Jun
,
class A
new-No par
70
70% May 29
No par
Stores
Carpet Co
(The)
2
100
Ins N Y
St Rubber
Tire
28'/a July
.;
14%. 14%
*26V2
26 3A
23%
24
51
51%
21%
♦26%
22%
X50%
22
263/4
17
17
17%
17
17'A
313/4
33
100ya
iooy«
100%
263/4
24%
493/4
333/4
,
*26%.
493A
32%
100%
.10
Corp
Foster-Wheeler
24%
♦17%
2563.
;
Food
22
23
31%
footnotes see page
Stores
16%
81%
50%
17%
♦100%'1003/4
Food
16
21%
82
22 3A
Steel
81%
16%
81
22'A
Follansbee
31%
313/4
*100% 102
6%
Fair
Inc—;
Machinery Corp
Corp
prior preferred
—
;
No par
10
10
25
Francisco Sugar Co
:
No par
Freeport Sulphur Co
—10
Froedert Grain & Malting Co Inc~l
Fruehauf Trailer Co common
1
,
4%
cum
preferred
200
1
v".-
,
46% Jun
5
115 / Jan
18
5T '
Apr
18
.20% Jun
7
Jun
20
16
29
■
15 Va
Dec
42%
No par
-
Dept Stores com
51%
15
No par
;-5
Co—
Federal Motor Truck
Federated
106
21%
*105% 107
24
223/4
preferred
51%
55
2iya
52-, ;
55%
■;
Federal Min & Smelt
42
$6
11%
23%
233/4
*105
106;
22 y4/22%
42
*40%
.42^4.. 43
^,42., ,'123/4
102,.
*41
May 21
88
Fairbanks Morse & Co——No par
22%
102
16
Highest
$ per share
107y4
18%
«
J per share
1043A
107%
60-
14%
Lowest;
26%
1043/4
108
3y«
163A
Highest
73%
108 y2
123/4
*23
Year 1945
Lowest
106%
1043/4
58%
■i.
Range Since January 1
EXCHANGE
13%
19
25%
2'/a
,
Jan
_
Range for Prevlou*'
STOCK
$ per share
the Week
Jan
Get
ia%
25%
104% 1043/4
11%
*903/4
20
125%
51%
•
>
—
Jun
'^ 44%
49%
73%
113
13% Sep
133
July 3
116% Feb; 5
21 -May 21
S 147%
44
44i/a
14%
108
155
S
1st pfd
'156
156
-
51%
25%
13
100
7
//■15%|^16%'
147
14
73%
227
20
161
14 >/4
51
*106y2
30
20
37
3%
157
44
Oct
125% Sep
112% Oct
& Co
Deo
Mar
21%
.36%
3%
3%
146
!
12
20% Aug
6% • 6%
51%v 52%
157
145
v
'
111%
41% May 10
58% May 28
112
*110
r
52%
14%
14
37%
3%
23
Jan
104
37
.15%
37%
33% Jan 17
116
Apr 12
15
Mar
110% Jan
27
Apr
'26%
26%
112
6%
51%
14
Oct
,
—
Jan
41
21%
21%
;
7'/a
15
Mar
221%
*102
104
21%
22
*110
26%
26
♦102
Oct
91
27 V* Nov
Jan
Jan
22% Jan
108% Mar 25
143% Feb
Jan
17% Mar
Mar 19
111% Oct
Aug
_
105
9
—
25% Deo
109% Feb 5
52
Apr 24
15% Oct
Jan
7% Mar
Apr 17
Aug 13
67% Nov 15
_
3
16'A Jan
19
Sep
—A
July 26
77
9
Jan
—
7
•190
194
44%
44%
44
44
45
26
104
25%
*102
155
216%
215
194
44%
.
CLOSED
For
16 y«
36% July 31
Jan
v
27y« Deo
19%
'39%
218
194
EXCHANGE
.
>—
May 13
113
Sep
Apr
22y4
,19%
<42
*40%
41%:
NEW YORK
Sales for
Friday
Thursday
Nov. 13
tperihare
$ per share
STOCK
31%
25%
STOCKS
HIGH SALE PRICES
Wednesday
; 216 /
,17%
118
No par
(EI)
$4.50
126y*
21%
V,
50c
-
Duplan Corp
.174%
-v
*15%
Nov. 12
Nov. 11
19
24
No par
3 % % tonV preferred——100
International
1
28%
*114% 116
Tuesday
Monday
41"
*104%
18% Jan
24
105
common__No par
series
Industries
'
LOW AND
Saturday
Co
preferred
Dresser
17
126
16%
•15%
16%
15%
.
115
115
116
98
27%
173
127
■:
•
16%
98%
16 %
127
*114%
Chemical
$4
18%
-«V=17%
18
28
29
'•
Dow
—No par
5
;
Corp
Jan
5% Aug
10
'
16% <
16%
28
17%
99%
*97%
*
115
2
'
18%'
18%
*114
115
34 y4 Feb
Sep
Not
Apr
59y4
23% Sep 24
Douglas Aircraft ————No por
67%
160% 162 y8
158 »A
:
102
Deo
Not
Mtr
'
4
51%
Jan
9
122%
15% Oct 30
_No par
—
Dr. Pepper Co—.
30%
70
5
12% Feb
30 y* Sep
28%"
156%
28
■'.*/"
Jan 24
76% Apr 29
29
29%
♦114
26
Oct
29'A
»ii4
~
M46% Feb
30
29
•
Deo
10
28%
75%
99%
ley* Oct
29
162%
Mar 25
50
297/a
18%
Jan
Sep 23
16% Oct 10
29%
162%
25%
Oct
28
*747/a
ll
2
Corp-Seagr's Ltd new
Class
X150
60
297/a
•28%
29
Jan
50J/2 Jan 29
42
Deo
Mar
28
34% Oct
Not
42
145%
24% July 8
82% May 16
Not
111
8
2
Co
Car
•16
share
52%
"
Jun
10
No par
25
.
preferred
Motor
Aug
Oct
5%
preferred
100
Dixie Cup Co common——No par
■
32
52
54
partic
Distil
17%
17
,17%
6%
25
23
&Raynolda class A——12.50
Diamond
.
8
25% Sep 24
6% Oct 10
'■
Diamond Match
38%
45
45
Jan
20
;
De Vilbiss Co
Devoe
Jan
87%
50
Western
Detroit Hillsdale &SWRR Co__100
:
30
15
Sep 19
33% Oct 31
-———100
-
*A Nov
34
No par
:
-
18
8
Nov
16% Oct
50o
Preferred -—-^-..—--——--—20
Delaware Lack &
26%
38%
4
30
17
50c
—
Detroit Edison
1,
17%
♦19%
Co
Inc new
Deere & Co
;
68
*64
18%
*43%
Mfg
Delaware & Hudson
17%
*38
Ruber
Decca Records
77/a.
17%
Sep
10
28
Sep 23
110% Jun. 6
4
17%
18
96 % Oct
1
—100
Oct
17% Oct 30
Dayton
24%
24%
26
5
37%
;
$
66
Corp
35%.
7%
>
v
37
.35%
38%
>8
24%
r
8
100
No par
Cum pfd 3% % series A
Davega Stores Corp N Y
18%
vl8
pfd
Chemical Corp (The)—1
Dayton Power & Light Co (The)—7
'
4%%
preferred
;
100
17%
18%
21
Sep 11
5% Oct 10
'17% Oct 30
'128
Oct 29
35%
9
V Jan
106
60
1
1
16
$ per
66
10'A Sep 19
Oct 25
54% Feb
•«
Highest
t per share
165
30
Sep 19,
45
103
Davison
33%
113
24%
y1:
No par
Curtiss-Wright
-Class A
Cushman's Sons Inc 1%
Cutler-Hammer Inc
17%
t/17 f
17%
17%
31%
37%
'16% Oct
per share
' 28% Jan 10
5
Oct 10
Oct 18 '
■
Year 1845
Lowest
•
115% July
46% Jan
9*
Jan
>
95
v
A
No par
—No par
Prior preferred
200
20%
*111%
37%
-100
———5
Inc-
$7 preferred
Dana
19%
34%
24%
35
Cunningham Drug Stores Inc—2.50
98%
98
113%
; 7%
160
Curtis Pub Co (The)—
1,200
*
33%
353/4
preferred
Press
Oct
,*
-
17% Oct 10
__10
70
-
*111%
37%" 37%
4% %
Cuneo
.V 20,600 ;v
*20%
♦105
.'•••
200
.'400'
Sep 20
$
Range for Previous
■
Highest
33% Oct 30
99
ii.22
16,700
>
33%
*35
-100
;
^ 600
-
T
111
*110
98
18
preferred
,
11%
*17%
-
■
-h:
LlOdw
;
45%
113%
33
*111%
^
y->
—No par
Cuban-American Sugar
1,400
s
98
45
Lowest
Par ■ ] ■ ] :$ per share
: 1%
preferred—.-————100
V Cudahy Packing Co
—30
;
-V
Cuba RR 6%
v
-
,175
-
T37%
37%
98
;
' :t";V
Crucible Steel of Amer
C
5% preferred
\\i\ 2,200
*20%
•165
;
-
^
■■
,'
;
21
18%
18
24% '
;
135
27
*129
'
98
18%
26%
20%
•96%
*96%
-
28%
3,100
." :>;;.a,000
11%
110 .:
♦96%
135
28%
i
.Y!:70.-:tx6% / 6% ;
19%
19%
■
19%
•>129
<
99
33%
20%
$ 36%
V
34%
99
175
%
EXCHANGE
,
v 108
:
*68
,
20%
45
11%
*45
11.
' "
,
12
i.;
*
24%
*JL65
17% 5
17%
„
48
*45'
'
V*
t per share
34%
-
24%
I75
37
98
96
.
18%,
.18
,
,
,
'
-i-""
'
99
34
99
20%
20%
*165
37
175
*165
STOCK
24 %
-
I;; Shares
Nov. 15
$ per share*
99%
24%
*99
.
21%
20%
20%
" 175
38
26
*24'/a
26
20%
•165
36
99%
34%
99%
35
:
NEW YORK STOCK'1
'
.i
' $ per share ...
34
34%
.
Sales for
the Week
Nov. 14
Nov. 13
>■
per share
35%
99%
Nov. 12
>
//■%V-.. ■ /.\
Range Since January 1
stocks
f-l Friday^
Thursday";
Wednesday
Tuesday
Monday
Nov. 11
Saturday
HIGH SALE PRICES
21% Feb
23% May
100
9
Apr 16
17
49% Jan
28
Feb
9
353/4 Jan 28
61
Jun
3
273/4 May 13
48
Jun 18
112-
July
1
Deo
!
—
v,.
'tvrV<-1v7'.
.
•
Volume 164 V Number 4543
:
ff
.
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW AND
Monday
Saturday
Nov. 9
•
$ per share
*11%
12
\/i/ i'V
7
V-VfiJ
V.
:
20'/a
•18%
187/a
9J/e 7 9%
j
CLOSED
.
"
41
17
18%
18%
-
9%
9%
EXCHANGE
.
i
;
41%
15%
•
5/VrV:V;-777;
'
-
15%
J:
'Vv ;
■\
vl
V
'
V'V"
'
12
*77
42
43
•162
•
<>•
50 '
120 %
50%
52%
126
3,700
101
15%
4%%
'
•
.>■:
11%
11%
■77
11%
*180
185
15
15
151/4
'
.7/ 11%
11%
78
511/2
11%
2,400
14% 7 14%
f
11%
11%
78
78
78
43
42'/2
42%
29
29%
163
162%
v:
7
500
11%
.
General
General
400
120
120
*118 %
120
126
17
•
24
r 3% :
4%
137
137
5%
28-
p 10% NOV
15
14%
Apr
29%
Nov
29
16% Mar
28%
Deo
7%
Jan
14%
Deo
51%
Nov
58
Deo
58
May 29
67% May 29
8
Oct
10
106 'A Nov
24
Jan
80%
Deo
15
Jan
24%
Deo
May 28
141% May 28
151/s
27%
r
■
,
Gen
Outdoor
Gen
Precision
1,900
Gen
21,800
1,900
Gen
33%
6%
22 V*
22%
1,600
General
General
33
112
v-,;;' 33
33
112%
34%
27%
27%
*1051/2
1081/2
36%
1067/o
101
800
27%
*106%
x32 %
33
105%
271/2
38%
100%
*102
104
40%
56%
40%
42
•54%
•54 Vz
'56
6%
6%
6%
♦117%
120
31%
40
r
30
117%
104
40
40%
40%
56i/2
•54%
6%
6'A
118
116
63%
€2'A
;
*102
102% 102 y2
59
103%
*102%
59
60
30%
7
108
107%
*23%
55%
105 'A
106 %
*106
IO6I/2
23%
107%
24
23%
•23
4,200
-V "'VV.7
•
Deo
27%
Jan
6
Deo
7 15
Mar
-—
Deo
."7 ~"
■
--
"
27% Mar
36
Oct
Oct
172
•" May
153
Jan
49%
Sep
56
Nov
54% Aug
135 Vz Jan
8
43 Va
Aug
52 3A Aug
,
123
8
125 % Sep 12*
134
Oct
Jan
123
V, 77%
Dec
125
May
130
Mar
14
5
62
5
132
Feb
Mar
Aug
127
Jan
80% Feb
47% Oct 30
114%
15% Oct 30
Sep 19
2% Oct 10
5
714% Oct 30
29
No par
100
25
Oct
10
Dec
28%
137
Oct
8
4% Oct
20% Oct
10
-
-
11% Feb
24% Oct
30
55
105
Oct
26
111
5
34
Oct
30
19
-V-v
6%
! i/7^,vv
Gillette
'
Safety
Co
.—No
22% Jan
par7 7
103
_5
__
preferred
conv
100
——....No par
(The) 7———.—No par
preferred—
50
Co
..1 ."
Goodrich Co
Inc
(B F)
$5
convertible
Gotham
Jan
preferred
Hosiery—.
Dec
Deo
•31
Mar
Deo
133 Va
Dec
44 3A
Nov
>
27%
Aug
V 38%
Dec
105%
Nov
111
Mar
Jan
.46
Deo
26
111%
Dec
X 13% Mar
26%
Deo
90
Mar
105%
Deo
96
Sep
4
25%
Jan
May 10
8% Jan 29
52%
Jan
3%
Jan
Jun
107
104% Sep 10
106
59
14
19
Oct
30
100% Sep 20
50'A Oct 10
10 5 »A Sep
151% Jan
8
88 Vz Apr
-107.
Mar
77
Apr
53
39
Oct
57
May
7% Oct
165 Va Jan
102
)
Apr
10
48
Nov
40
>
July
6
74 Vz
July
Oct
V 105 Va Mar
63%
Oct
3
107 % May
115
Nov
18
12% Mar
39
Deo
113% Jan
Graham-Paige Motors—.
-.
1
6% Oct 10
9
Granby Consol M S & P—v.—57- 7V 5 Va Oct
16
Jan 30
Grand
54% May 10
30
:
••i
Feb
25%
3
Feb
23
.—No par
104% Dec
147% July
7 47% May 14
3
Oct
Apr 13
56'A Jan
4
Nov
61
No par
773% May 19
30
Sep
30
"
42% Apr 18
' May 17
108
7
43
'
VV-34
■
"7 Jan
99
9
:
8%
25% Mar
14
Mar 25
116
—10
$5 preferred-——.No par
Goodyear Tire & Rubber
No par
.7
Jun
118
10
Mar
6
77
800
60
2
36% Oct
No par
com
Oct
54
Telegraph Co.....100
Goodall-Sanford
19
oct
140
Jan
V21-V Jan
10
4
4
7 Jan
33% Oct 30
Goebel Brewing
Gold & Stock
Jun
Feb
Oct 15
96
Razor.—.—No par
Brothers.
$4.50:
102 V\ Sep
Dec
V
j
preferred
conv
Glidden
•
200
23%
preferred...00
preferred
100
Glmbel
8,800
106
37/a
July 10
49% May 21
46% Apr 17
100
4% %
Dec
•
v
Feb
123
8
26% Jun, 10
—
Vv $5
60
200
7% Jan
47
preferred—J.
Deo
Jan
9
—No par
Dec
7%
46%
Jan
23% May 21
48
May 31
150 V Apr 12
23
Jan
1%
\36y4
Jan
22%
40% Jan 14
•7
30
10c
;
Apr 26
15
22
132
,4%%
102%
23!/4
17 %
Feb
10
3%%
2,400
4,600
.106
185%
40
10
—
31
77VN;,-54.-V
55%
Jan
37%
14
2,300
65 7
23'/2
24%
41
756%
102%
103
160%
Dec
6
Oct
,
30%
643A
541/8
/i
63%
31
X54%
*
,'
6y« 76%
118
*114
116
31
63
Dec
8
Jan
V
.
7,200
104
*54%
30%
100
38
*102
14%
Feb
29
6,700
:
108
6Va
•116
32
64%
32'A
7
36%
56%
-
6
31%
*102
40%
♦54%
,
6%
117
104
*105
39
Jan
56% Feb
101
40
32
108
37%
Deo
8%
52
10
General Tire & Rubber Co
2,000
32%
*105
61%
5
x32% Sep
4%%
36
100%
109 %
9
47% Aug 12
40% Apr 15
,182 V Apr
8
42
Jun 17''
128% Sep 30
114
Sep 26
Corp
;
1
$6 preferred—No par
Telephone Corp..
20
Gen Time Instrument Corp
No par
108%
101
32%
105%
36%
90% Aug
General
2,500
1,200
35%t
*106% IO71/2
1071/2
*99'/2
Apr
Jan
49
27
Gen Steel Cast
230
34%
*105%
7.7-7
36%
Apr 29
28% Apr
16% Apr
'
*36
r
33
111
84%
27%
108 Vz
-
110
34%
.7;
12%
104%
34% Oct 30
Shoe
33
Oct
1
14
39Va Oct
.No par
Refractories
40
•102
156
100
preferred
Realty & Utilities
221/4
108
38%
100
Corp
22%
106%
34%
*105
19
No par
Utilities
21%
24%
200
11
8% Sep
.No par
Railway Signal
<
34%
110;
13% Oct
common—No par
Gen
♦99%
99%
5
Equip Corp
9,300
27 Vz
*
107% 107%;
38%
39%
*102
104
Adv
5%
112
1
Oct
No par,
Service..—.
Public
Gen
10
141
Public
5%
105 Vz
-
38
180
„
1,800
1,500
27'A
*136
•
4
Jan
71% Apr 22
14% Apr
6
'
4 '
15%
'
10% Sep
21% July
108
11
General Mills common
No par
.5% preferred..
.—.—100
3% % conv preferred..
.100
General Motors Corp
10
' $5
preferred...——.——.No par
,
16
•,
Sep
No par
Electric Co
General Foods Corp
49,300
900
23'/2
% *3%
V
35%
28
29%
100
51%
14
48
1st
5%
33
108%
37%
•
Deo
y
'
5
Corp
Corp
5%
35
35
*105%
"
Deo
10-*4
Jan
Jan
Jan
17
19
5
Bronze
Cable
5%
111%
111%
34
.£&:;••* >5-
9
Jan
1
100
21%
33%
33%
;•
12 %
Jan
4%
16
29% Jan
30
15% Sep
78
26
9
Oct
Nov
41
50
General
,
120
231/2
v
271/2
7
141
*
*135
j 1,600
xl53A
■
"
15%
27%;
.
141
'
24
Sep
8%
1.66%
5%
23
111
23%
151/4
•49'/a
126 V 126
16
3% '7; 4'
3,400
50%
1261/2
16
28 %
*135
<
.*118%
22%
15%
27%
6%
22%
58%
•107
14% Nov 15
50
'preferred.;———.i——
'20
.
34,500
132
♦130
521/s
*126
3%
15'A
16
28%
15%
120
51%
15 VZ
241/*
15%
.
24%
.
*118%
f
37%
45%
.
49%
49%
132
7
126%; 126 3A
126
36%
44%
*129
51%
50%
54%
*51%
166
•162
451/2
4%
1,800
29%.
37%
491/2
132
'V:r
104
:
Nov 13
preferred—...:
100 .7" 76
Oct 14
4% conv 2nd preferred.,
—50
x35 % Sep 24
General Cigar Inc
-No par
27% Oct
8
510
.,
*43%
.
44
7
49%
♦129
*29
36%
45
49%
7517V:
28%
63%
•102
V 17
$ per share
5
preferred
17,100
.
78
.
7/V 43%
166
*162
37'/2
36%
43%
A
132
.
31 «A
22% Jun
1
Gen Amer Transportation
General
Baking—
$8
preferred
—1
185
♦180
29%
46
3%
•40%
10
Corp.,
preferred
conv
$4.50
5,100
11%
V
*29
37%
16
34
;
Container
5% %
200
491/2
*42
7
168
24%
•105
3
No par
No par
6%
2
Gen Amer Investors
4,100
107
106%
51'A
11%
7
151/2
151/2
107
51%
185 '7-7
*180
•129
126
"
Co
preferred.
conv
Gaylord
107
*91
15%
*103
51%
43
*49
7
132
*118%
15%
107
5oy2
44%
•' ;£y
50
•129%
15%
*103
37%
)i;*• '[•%■ ;'
*90
291/a
•162
'f,
•-
V
16'A
16%
"
•
46%
v; vi6%
161/8
43
'
37%
,
46%
1,200
16
291/a
»
7:'f7V.'v/'n-Sl' "•;/.*% '
168
37%
41%
41% 77 v;
15% ;7v: *14%
12 -a? V
11 Va
.78% .7, 7 *77
15%
78
30
41%
41%
*91
Apr
Highest
$ per share
"15% May 28
117/b Jan 29
21
—
Gardner-Denver
7
$ per share
10% Sep 10
7
Oct 10
-
7
Year 1045
Lowest
18% Sep 23
Gar Wood Industries Inc
41%
v
;
(The)
1,500 V
41%
16%
Co
4,100
9%
107
Gamewell
1
20
—,
9%
18%
9 »/8
' V7
common.——.—!
Galvin Mfg Corp
2,800
7'2,400
18 Va
'(The)
Co Inc (Robert)
' preferred—
6%
*
9%
181/4
9%
•
10%
157/a
18
18%
185
•11%
79
30
10
,
Gair
500
14%
10'A
,
9y#
11%
*180
14%
11%
- v
t
16%
52%'7 7
•.."•iiy2
185
14%
10
16 'A
718%.
,7
107
51%
/
"11%
*180
lOVa
16%
16%
15%
•103
751V/
11%
10-7"
^
Gabriel' Co
700
20%
x%'2o%;.
Range for Previous
Range Since January t
Lowest
Highest
$ per share
5,200 V
8%
8%
8%
20'/a
STOCK
Shares
11%
11%
7
11%
8'A
201/a
YORK
EXCHANGE
t
107
51
*11%
20%
NEW
the Week
$ per share
$ per share
16%
107
(*90
16
*103
v
y
167/a
16%.
'
100
Nov. 14
42% i 777.
41%
16%
*93
20%
10'/a
17
STOCK
.
:$ per share
.
20 Va.
10 Va
17
Nov. 13
Sales for
Friday
Nov. 15
^
Thursday
'
11% V /v./-' 11; 7 ,11V
7
8%
8% V 8%.7
8%
10'A-
♦i6y8
■
:
:V
STOCKS
PRICES
Wednesday
:
$ per share
■/-/- '7 7F:V:7777?7 :\7ll%'
;7
8%
20 VA
10 %
v.
$ per share
'
8'/a
*20
Tuesday
Nov. 12
f
Nov. 11
;
-
HIGH SALE
"
6%
7
6%.
6%
6%
7%
6%
6%
7
6%
6%
63/4
7
38
37%
6%
37%
38%
13%
13%
37
14
.
38
14
13%
14
31 * 31%
,
30%
31%
104%
-
105
*103
17%
17%
48
48%
25%
25%
*161
47%
24%
24%
2,300
7
Granite
'
Grant
3,900
230
104%
Union
Great Western
164:
164
164
59
•56
59
Green
69
69
*68%
69
Green
36%
Greyhound Corp (The)
AVk%. preferred
;
•103%
34%
104%
■
*104%
28%
x27%
*7%
29
i
104%
27%
104
28%
t A
7%
*7%
:
35
v-
105
86
*82%
12%
13%
43
41%
63%
63%
85-
12%
43
X62%
Thursday
Nov. 13
Nov. 14
$ per share
t per share
>35
36
*35
36%
*35
17%
17%
17%
18%
*18%
EXCHANGE":
CLOSED
"
**;
106%
107
7' p22%® ,:P
i
:7
*150% 152
' '*37%' 38%
v
'
*
22
:
*106
*105%
' " '
"
*99% 100%
9%
7%
32
i 105
•103
*65
32
*172
.7 7'-
>178
*65
•
' V
478.,
*24%
56% Sep
V-
>
27%
*47
•
'7
ir
*
28%
i.v'
V
r
7
25 ;
V
•
*
7 V"
,
7.
41
15%;
50
30
105
♦85
16%
136%;
Hart,
16
^
;7;
.7.;,
104%
•84
"
:
*103% ,105
•7
16%
16
7;,v *27
34
6%
6%
>
14
;
40
*13
'
V
P.
39%
16%
6%
27 7
28%
p
5%
preferred
Motors—
7
''
31
6% :
6%
see
page
2563.
24
23%
'
24%
25%
77;:24
; 40
V-
24
7; L
25%-
v7'15 17
r
15%
*13
*47% •49%
7v 29
105
;
15
v
85%
■
17
*84
29
34
34%
5%
,
500
"
■"
>
■
•
16%
87
17
90
200
8,300
*27%
*
28%
700
33%
34%
5,000
6
6%
6
2,200
Houston Oil
Hudson
15%
16%
16%
17
16 %
16%
30
30'A
.1,700
Hunt
6%
'""7,200
Hupp Corp
29%
30 7
6%
6%
13%
6%
13%
38
300
7,700
14,300
5%
Hud
non-cum
Bay
Hudson
Min
Motor
Foods
preferred
Inc_^_.-_.-^
7.——
**ov
•
6
78% Sep 23
V 14 Va Oct
5
.12
,
.6.66% V
-:
10
24% Oct 10
30% Oct 30
Oct 10
Oct. 9Sep 19
14% Oct 9
25Vs Oct 10
5JA Sep 24
14
Nov
104 Vz
16% Deo
14^; ;Deo
20%
Oct
71%
103%
1897
139
106
.;
146% Jan
21
37% Jun
.740
138
Feb
Feb
72
July
90
Nov
Dec
,
138
Feb;
123
32
21% Aug
39 % May
13
X43
May 31
41% Apr
6
.
Aug
39% Deo
22% Jan
130
Dec
92% Nov
Apr
Jan
170
Deo
35
Jan
100 Va
9
17
Apr
3
May 2
Dee
Jan
9%
Deo
Jan
33%
Nov
23%
Jan
32%
Dec
17
Jan
7 25
4
May 22
26% Nov
•
34% May 10
.17%
NOV
35
Jan
Jan
42
6
,
100
1
7
12% Oct 30
100
—
Aug
98
2
28% Feo
7 27
Sep 10
102 ~ Sep 23
Dec
Jan
Oct
72 V* Apr
15
7
43 %
-5.67"- Mar
11
7
25
-No par
Oct
Jan
387A Jan
.
90
192
,
56 V Jan
& Sm Ltd—No par :33
Car
May 23
109% Mar.26.
12
Dee
Apr
155
Apr
18
28
51
30
29 Va
Oct
.
7%
22
34% Sep
•
No par
Co.
Manhattan—
&
X37%
:
Texas v t c
of
24
110% Jan
Jan
152
*30
Dec
Deo
121
Dec
18%
16
20% Apr
15% Jan
Sep 11
22
5
39
6%
com
27%
p 34% Sep 19
Howe Sound
13
30
^.^.—5 7. 23
—.i.£Nopar
12.50
No par
50
1 7
13 -
6%
com
43% Nov
Jan
106% Jan
217A Sep 11
,
Howard Stores Corp
38%
29%
:
3%% preferred
:
100
./Houston Light & Power Co—No par
14%
".7"%
(A)
39
Jan
16%- Jan
•
22% Oct 10.
Mining..—
Finance
39%
3IV4
Sons
26Va Nov
V
v
new.. —5
preferred—
$2.25
Household
38%
"
(Del)
10
Jun
Jan
15%,
105
9
10
10
$ per share
103% Aug
130.; Jan 58;
V 76
Sep 11
125
Nov 15 ;
S 22
Oct 30
.1
The
Houdaille-Hershey
200
1,100
&
Homestake
5
Paper Co.
E)
,
No par
Holly Sugar Corp:
.
4,500
7
49
•*103% 105
85%
16%
28%
No par
"
'
105
:
.
30
16%
6%
7.
::
29
-
5,900
7 38%
(C
Hollander
300
7
♦23
39%
Co
Holland Furnace
4,100
*25
24/
■
39%
100
Inc...
Hinde & Dauch
Hires
26'P..''"'
Oct
175 Vz Nov
17 Vz Oct
V 46 % Sep
61
Highest
.
20%
1
8
109 % Apr
Sep 16
103
.
No par
preferred__.....:.....-.-100
7f Hewitt-Robins
.
Year 1945
S per share
119
9
Oct
Range for Previous;:
33
Aug
26% Jan
10
29
Jun
.61% Deo
24
'29% Oct 14
15
82
40% May 13
Sep 25
Oct
30%, Jun.,
Lowest
60% May 29
8y« Oct
Deo.
100
Jan
9
:6
77 12%: Deo:,
.
14% Mar
49%
May 31
10
Oct 28
55% Deo
■
Jan
$ per share
19
99
—No par
-
Powder
Hershey Chocolate
$4 conv preferred
-
;
58
Apr 11
13
34% May 28
170
Aug 21
8
108% Mar
;
Oct
'82
78
3
7
25
Co
-
non-cum
Hercules
24
28
;
*24%
34
*6
15
40%:
16% "-17%
31%
footnotes
6
28
34% Oct
of Amer class A_
Hercules
:
29
,
25
78% Jan: 28
16
20% Sep
Helme
1%
129
"•
"23;T
27
87
Jan
30 Vi Jan
108
151% Nov
100
10
Marx.
Oct
103
V 3% %- pre^eiTedv^'——100 :
(G W)__—
25
■
t
136%
82
&
5% Mar
13% Jan 25
10
105% Jan
100
Hecht Co
31%
'176''
*133
Schaffner
Hazel-Atlas Glass
♦31
68%
*125
105
Jan
28% Jan
Range Since January 1
Lowest
Highest
17% Oct
1
4%% preferred (modified)
100
Hayes Industries Inc
1
■Hayes.Mfg Corp—..——^2
•
88
104%
15
5
No par
preferred—
Hat Corp
105
<65
•77
15%
Deo
35% Sep 25
Oct
9
25
:
Co
preferred
conv
6%
•v'
19
48
30%
-
7 V
55%
29%
36%
For
Water—
Printing Co.
Watch
(M A) Co $4.25 pfd—No par
Harbison-Walk
Refrac
-No par
'
31%
19
28%
.
30
6%
f;32'
54%
48
,
.34%
v
-
*172
23%
x35
$ per share
Hanna
•
R
'
,14%'
29%
31%
32*
19
25
23 %
39%
V-"
30
•103%
-25
.
-
16%
*47 Va
..'
t
36 Vz
15%
152
4%
5
9'A
*104
7
24%
23%
32%
-
•
106%
106%
21%
67/a:.
:
*30%
129
28%
v
29%
14
r
81
;
p Pv *24%
;
,
86
38%
'21%
152
1
100%
8%
6%
55
27
30%
16
■
.
•
9%
*99%
•
105
-Vv- 24
•77 40%
105
86
•
6%
7 64% 65
'175%; 175%
18%
7,7'i 7<,'*25'"7. 26 7'.i:
7'ir'f!
22% '23% p.';
50
,
30%
5
t!
25%
'24'"
23%
40%
♦103%
v
38%
.
-9%
■
31
-28%-
i
i
*22%
16
21%
152
38
32
*103;
,
Jan
7
,
Par
'
*25%
:
21%
9
31
19 77;
*24%
■
23% •724
'•'.".,16.
■
81%
*25 ;
;
27
40%.
*105%
100 Vz
i
6%
*133% 136 :■ "
.♦133
7. *78
82:./7 >7.* *77
127
127, .7 ' >t) *125
7?:
*28%« 7" 29%
.
''7 ': -R 7
7:7
Oct
Deo
22%
10
'
25%
*24
106%
106 Vz
*150%
9% 777:9%-
56 77;
56
V
82
129
•66
&p;7il9p
55 -2
•;T1357771357'7
•127
32%
105. 7-;
175% 175 %
•
-•:,?18'/aM8%
V .v 55
*103
68%
i- :
7,
106%
38%
♦99%
7
•
32%,
32
'•
75
86
9
(WF)
May
Jan
Jan
19
Hamilton
•175
64
52%
15
''
'*18:19 7V Vf
106%
21%
*150% 152'
•
5
9
9Vz Sep
'
;
7 9%
9%
6% Oct
31% Oct
Hackensnck
•v
4
54% May 28
111
Apr
5
52% Apr '4
ul
Shares
Jan
161% Mar
17
Feb
Sep
14%
May 20
79
105
82% Nov
Hall
S
*105%
21%
38%
188% Apr
EXCHANGE
$ per share
19
105
39% NOV
NEW YORK STOCK
18
18%
108 & :
*107
Jan
No par
Sales for
.
Nov. 15
36%
17
'
Nov
28%
No par
the Week
Friday
$ per share
19
STOCK
65%
34% Jan 28
STOCKS
Wednesday
Nov. 13
7V
Aug
GuH70n7Corp—-—.—--.7—^—25
63
Tuesday
6 per share
Sper share
46
100
_
preferred
LOW AND HIGH SALE PRICES
.
14
No par
preferred
conv
$5
Nov. n
Nov. 9
Deo
Jun
No par
$5
Monday
Saturday
21%
64
1
Gulf Mobile & Ohio RR
*43%
63
105
100
Guantanamo Sugar common
12%
43%
V 33% Dec
,7 109 % Nov
Sep
Feb 78
Feb
4
112
100
i
Bay & West RR
(H L) Co Inc.——
.
*82%
13
-
35%
NOV
21
103
"Grumman Aircraft Corp
28
*
/
-'0*t■
*83
35%
..•.
7%
33% Dec
7-7 21% Deo
Jan
,
No par
Sugar
♦56
35
:'.-2% Aug
•
Jan
14 %
3
.
Jan
Jan:
18%
•
No par
Ry 6% pfd
Preferred
40% Jun
5%
4%
7
8
Prop—No par
*161
69%
35%
■I 27% Feb
29% Sep
4
Sep 23
_5
Ore
9
12% Jan 19
4
12y2Oct
100
_
Iron
Nor
59
69%
f
Co
preferred
•Great Northern
48%
25
30 % Mar
par]
City 'Steel..——-V.^No par
(W T)
3%
Great
.—.No
Co.v
164
*56
•
47%
24%
,
17%
47%
.
5
30% V3rvv
104
.
2,300
3,300
;
38%
714%
14
30 Va
30%
*104
105
105
17
'24,300
7
38 '
,
60% Jun
V
25% Deo
Jan
55% Oct
16%
63
:
Nov
52% Apr 22
35% Jun 26
25
Aug
; 29%
Deo
20
102
Sep
109 %
July
66% Jan
12% Jan
87 Va
NOV
23 V«
Deo
111% Jun
95
Apr 24
30
Apr
9
47
July 19
5
60% Feb
12% Jan
17
25
45% May 17
34 Vz Mar 25,
49% Jurl
3
107/s Jun
24
26% Aug
: •' •<*
gy«
23 Vk
Jan
10
714% Jan
,,v}
54
Jan
Jan
2
25
Jan
34%
*
-"9% jan
."
, .
1
36%
34
•
0%
Dec
Dee
Jun
Dec
May
Deo
Monday-, November 18, 1946
CHRONICLE?
& FINANCIAL
THE COMMERCIAL
NEW-YORK STOCK
.
STOCKS
,
Tuesday
Wednesday
'Thursday
^
Nov. 13
Nov. 13
Nov. 14
'
$ per share
$pirshare
Monday
Saturday
Nov. 11
Nov. 9
$ per share
S per share
*40
LOW AND HIGH SALE PRICES
48
50%
*87
39%
39%
38%
24%
24%
19
25%
*47
88
-
:
Vv
STOCK
9%
45.:;:
V87':;
V.
*47%.. 50%
c
90
19
9
38
119
>179%
182%
15%
*7%
7%
38%
107%
*6%
6%
11%
11%
11% ;
185
8%
28%
8%
5%
v;V 5%.
5%
29%
31%
*136
139
*136
44%
45%
103%
V
*103
14%
14
*53
46
*35
V
•
,
-.
*26%
27%
*22 r
23%'
:
*43
:
''44:
44%
.
-.
56
*40
41
44
*42%
44'
*35
38
38
*35
16%
*16%
17
16%
16%
16%
17
17
26%
26 r"
26:
* 26%
-V;"
27
•22
23
V*43v,
23%
43%
43%
*146
149%
44%
*145*
152
1,100
600
22,600
2,000
: 1,400
100
300
*21
23%
,,
44%
44%
'
*145 V: 152
152
"
17
17%
*21
44
*145
*51
41
38
;.A26aa>
V22
22
:
16%
*35'--V
-
26%-V
26:
56
40%
*51 •
41
44
..
v
'
-
—
,
:
16
72% Jan
92
28
18% Jan
38
28
36
20
4
54
Deo
Deo
Jun
84
Jan
47%
I.'- m'tmirn
May 2o
i-22% Jan
19%
104%
Jan
Feb
■
Dec
34%
Jan
18
Jun
3
151% Jun
Oct 10
168% Mar 22
12
19% Jan
V 16 Va Jan
17
190
Aug 21
44% Jun
6
11% May
166
140
Dec"
174
Jun
3
22% Feb
3
8%
37%
Jan
112
May 23
104 %
10 y«
Jan
1
13% Feb
16
20% Feb
1
2
250
Jun
102 7
45
13
11
Oct
12 Ve
Deo
C
14% Deo
Jun
Deoi
13% Not
193
Jan
2%
3
11% Feb
5
427/a Feb
5
Jan
17
6
63% Apr
16
34%
Not
11%
Deo
39%
Jan
Feb
129
Dec
99
J
75% Jan
5% Jan
28%
Feb
Dec
100%
74% Mar
Jan
178%
Aug 27
148
109%
87/a Mar
<15% Apr 22
•
101
Nov
6
Jun
Apr
■
202
6% Mar
i
Dec
57
Jan
May 28
Deo
19>A
11% Mar
59
Dec
Deo
Dec?
141
48%
19%' Jan
113
Aug 14
26% May 9
Oct 9
101% Sep 11
International Salt
——No par
62% Sep 18
International Shoe —
±-Nopar , 30 ' Oct 10
International Silyer common
25
41 Oct 10
7% preferred
—25 - 37%NoV4
Intern'! Telep & /releg-—-—No par
15 Oct 30
Foreign-share ctfs—J— No per
15% Oct 30
Interstate Dept Stores-—-_No par
25% Oct 30
Intertype Corp
Nopar - 20%Oct 30
Island Creek Coal ——
—1
40 Mar 6
$6 preferred —L—i—4—148. Jan 3
130
110
11V
:
,
17%
•
17%; 17%
?.
152
*145
38
16%
17%
109
.*43%
56
.
40%
44
44%
-
*35
17%
17%
*53
40%: 40%
44
38
37
-'" V57':V;V
.-*53
40
45
1,000,
14.
14
-
56
*39%
48%
104% 104%
.
109
109
2,900
26,200
100
35,300
.800
'
-
136
47%
.
105
i;:*l'3.%-.-;'14%
109
109
48%
104%
7
14 Va
; 14%
110%
*109
110%;-
*109
104%
*103
14%:
471"
47 Va
46%-
47%
:
139
_w——■——100
International Mining Corp
1
Int Nickel of Canada—JVopar
< Preferred
_
100
International Paper Co
——15$4 preferred ———--Nopar
Inter Rys of Cent Am
—Nopar
"
5% preferred L-i-i—-4-^—100
40% Deo
44
Dec
29% Jan
99% Apr
37% Jan
Jan 30
66% Oct 30
Xl8l% Oct 31
6% Oct 10;
27 Sep 9
91 Nov 1
4% Oct 9
28% Oct 30
133 Aug 1
38% Sep 19
95% Oct 14
4% preferred
'
5%
30%
5%
30%
136
"
V 104%,
14%
5%
♦136
3;700
3,400
92
»89
30%
30
139
7%
29%
*
29%
92
.
*5%
5%,
*136
8%
8%
29
30%
29 Va
139,
46
102%
Ve I
5
5
31%
30%
*183
184
8 per share
14
195
Int'l Business Machine--—iJVo par
International Harvester——Nopar
Preferred'
1—100
Int Hydro-Elec Sys class Aa
25
International Min & Chem—
5
Apr 23
Highest
share
Jan
10
23
10
10
10
116
$ per
45% Jan 15
85
Inland- Steel Co——
33% Sep 19
Inspiration-Cons Copper
20 . 13% Sep 19
Insuranshares Ctfs inc—,
1
7% Sep 19
Interchemical Corp
--No par
35% Nov 6
4%% preferred :—i-——1—100
105 Aug 9
Intercont'l Rubber >:
>«._No par
6 Oct 29
Interlake Iron —■
No par ? 10% Oct 9
100
4,200
.280
'
184%
8%
29%
71
-No par
.
100
—No par
—;&.«*
6% preferred
,
6,200
213
69%
70%
*88
92 Va,
V*89
92 Va
*89'A
93
*88 %
"
29
28%
;
■
29 V2
28%
11%
*209
,
183%
7%
11%
*6%
11%
69
70.
;
107
107
210
210
184% 185
f
v-v 7% :.V 8 'V;
185%,
8%'V
8%
28%
11%
215
68
38%
7%
11%
11%
W
73%
107%
7%
T
7
*210
215
71
185
185 I
:
12
*210 V
72
*6%
38%
'
'38%
*106%
107%
*106%
7
16%
7%
17%
Ingersoll-Rand
3,200
16,000
\ - ' 200
" " 800
ft
10
.200
38%
16%
7%
37%
'7%
38
38%
*37
'-
'
300
70.
182
38%
*7%
A
118
*
16%
7%
7%
107% V
T
.
214%
V
178
37%
16% M7
30
*106%
'
•
72
178
8
30
38%
*106%
*210
179%
.
11'8
.*178
120
18
16%
*7%
,
40%
*118
X37% 137%
39%
17
39
13
13
'.39%
119%
179%
.
38%
38 %
26'A
1
*118
•179% .182%
;
0%
8%' "
39%
38Va,
38
*117
26
13%
13%
13
*12%
19.
9%
26 Va
41 J Oct
87.. Sep
14% Oct
5% Oct
23 Sep
11% Sep
36 Sep
,
19%
44 Va
■;
Year 1945
v
Lowest
$ per share \ »
31% Sep 11:
18% Oct 10
Co_————i—-20 < T
Idaho Power
19,200
Illinois Central RR Co—
100
*46'
50
'k 700,;:/?. 6% preferred series A—
100
*88
,91
'
'80
Leased - lines 4Vo —-——>—100
19
19%
• 660
RR Stk- ctfs series A;
—1000
8%9%'
9,200
Illinois Terminal RR Co
5
" 26
26% 0% 6,200
Indianapolis Power & Lt
-No par
13
13
1,800
Industria Electrica De Mex, S A
>;
40:-'.41Vi
4,200
Industrial Rayon.—
—-—1'/
90
,
$ per sharer
Pan'
-
•
:
Range Since January 1
Lowest
, : Highest
.
EXCHANGE:
' 1,200
38%
25%
23%
.*•£
49
-
♦19
8%
25%
CLOSED
*46
,
„
•88
19
if:
EXCHANGE
26
36%
39%
<7.7 23%
*87
90
25%
40%
24%
26%
Shares
Range for Previous
NEW YORK STOCK
Sales for
the Week
'
fper share
share
26%
*40
41
24%
S per
'&
Friday v
Nov. 15
125
•
July
1
r9%
DeO;
24
Mar
79
Mar
41% July
39
Feb
:.il6?;:' Deo
49% Jan 30
60% Aug
57
45%
s
Dec-
Dec
47
70% July 19
Not
1
42% Aug 13
31% Feb
2
31% Feb
2
50
Apr
34% July
50
4
3
Aug
;
,
J
'
10%
104%
10 Va
11%
10%
10%
*103%
103
103
103
48%
110%
128
110 Va
110%:
128-
*47%..
*109
48%-
126%
126%
♦118
*117% 121'
120
.
.
111
*109
150
*125
160
36%
35
*101%
*100% 101 %
23
111%
127%
128%
120
■;
120
127Va 128%
*121
4.25,
•
46
.
*109%
ill
*49%
51%
*109% 111
*125
50 %
160
*125
50%
.
111
,160
51
*101-
'
20,800
35%
101% 101%
800
*
4,200
24%
24
24%
Joliet & Chicago-RR stamped—100
Jones
LaughUn Steel—-—JVo par
5% pref series A_—
1QQJoy Mfg CQs—
——
U
160
34
..
102
23
22Vi< 22%
23 %
35%
3414
101%
101%
lC2Va
22%
23 Va
347/a
•
34
.
5
*116 Va
118
54
?
27
*51
54
*
118
25
26%
25%
:
♦14 V,
14%
14%
;
*41'.;
*18
19
*88-
99
:
:
24%
24%
16%
17%
21%
21%
2,700
14%'
88
.
13%
47%;
46%
47%
42
42
42
24%
24%
24%
42
24%
24%
/
.
18%
*18
*86%
14
:
19
861
86
87
29%
29%
29%
30%
28%
29
28%
99
99%
99%<
99%
99%
28%
28%
99%
40
47%
,39%
: 47 Va
LOW
49%
HIGH SALE
49-.
-
V£y;'
x37v4
37%
45%
49%
50
,
Kress
,
26% Feb
-i0
,
—
Jun
19
No?
96% Dec
3
100
Aug
5
46
Jun
3
101
Sep
30
40% Dee
35% Nor
*49% Not
45% May
3
62% May 17
65% May 22
>
——-No far
No par ^
_
May 27
55
29
—10
sferieSi———*—100
(The)
4
60% Apr 30
■
& Co
{S H)
Kroger Co
10
34% Jan 29
30
Jan
9
-
(S* 8)? Co.
'Kresge
,1,000
3,400
■
3
11
Jun
67
Inc.,;
Co
Cum pfd-4%
.
4,300
45%
,
Koppers
110
..May 31
40'A Jun
30% Aug 23
No par
prior preferred
Range for Previous
Year 19.45-;
Nov.
Nov. 13
14,;::
1
Highest
$ per share
$ per share
EXCHANGE
the Week
Shares
t per share
f per share
I per share
Lowest
Range Since January
YORK .STOCK
NEW
Sales for
Friday
Nov. 15
Thursday
Oct
60%
STOCKS
PRICES
Wednesday J
f per share
$ per share
46
49%
■
Nov. 13
Nov. 11
Nov. 9
8 per share
AND
45%
38%
'
Tuesday ?
Monday
Saturday
39 V.
48
48
47%: 49
47%
39
46% ' 47
40
49
*39
$'5
3,900
28%
36
122 % Jan
——No par
Co—i———1
(G R)
Kinney
70
30% May
-
Kimberly-Clark Corp.^__—-No par
200
Dec
105
■—„i.—r——
1,200
Dec
Not
46%
Keystone Steel & Wire Co—-No par
100
100
99%
39%
—
■
Kennecott Copper
Dec
140
Stove
200
87 i *
86
Class .B
■
26,100
19
*17%.
*98%
*48
700
14
13%
; 46%';
47%,; W
43
*17%
;
52'/a
NOT
61
116
& Furn*
—10.
L pf serBi—-No parNo par
100
5,.
Kelsey Hayes Wh'l conv cl A—1
2,300
21%
24%-
18%
87
24%
17 V4
21
Decss
137%
?
Southern
4% non-cum preferred
Kayser (Julius) & Co—
500
17'
*41
18%
*24
53
52
17%
>
Not
145
City
Kansas
7,100
52%:-
46%
'
43
;
-
*51%
■(
'
114% May- •
'Kan City P; #
80
26
22
v'/; 14 ?:
'
48
47%
47%
' 42%
i
118
24%
17.Vs
%
17%
22
V4
*116%
26
25
Kalamazoo
600
20
20
20%
118
22
17%.
22
45%
25%
52%
16%
21%
*14
*19%
*116 Va
:.'.:.24"-vv':
•
54
:>
16%
21%
*41
20:
116% 117-
-20;
20%?
*20% -21
*116%
103; NOV12
45% Sep 9
108% Apr 15
115 Oct 30
111 Sep 11
,
44' Oct 9
'109 i/fay 28
140 Mar20
32% Oct 30
:
99 - Sep 4
18% Oct 10
,
'
35 3A
35
.' 120
*125
t
*110%
*109
50'/a
111
*120
111%
111%
.
*109%
*109
46%
46
9% Oct 30
Jacobs (F L) Co————
1
JerseyCent Pw & Lt 4% pfd—-100
Jewel Tea Co Ino^———Nopar
4%% preferred ——
1—100
Johns Manville Corp com—Nopar
3 Va % preferred —;
—'—100
1 400
Johnson-& Johnson———12%
.' 4% 2nd'prefered ser A-——100
5,000
.,150
400
10
2,200
100
10%
104%
46%
10%
103,
-103
47 Ve
126%. 128%
*117
50%:
*49
50%
*49
*109
10%
104%
10%
10%
103
.
47 Va
*47%
lowest
$ per
Highest
4
$ per share
share
"
*
7'
6%,
7%,
.
*12%
*13
14
*41%
43 :
16%
16%
ri'':
'
'■
.....
.
65
♦54
54%
•
,
>:■:
13%
'.
*51%
?
11%.
:
r.}
•'
-■
•
.
42
•
7%
38
*28
20%
21
21
...
25
r#
26
■
.
.
..
1 >
|
51 Va.
51%
11%
IIV4
11%
42
40%
•28
x
:
'
38
20%:
7
7%
i
46%
■■
•
"1,400
3,300
4,000
f
■
8%
;
49%
V'
7
^—5
Sep
10
10
Lehigh Portland Cement——25
Lehigh Valley RR
£———50
Lehigh Valley Coal^
;——No par
Non-cum preferred
—«:
50
llVs Sep
19
34 "A Sep
20
6 Va Sep
24
2% Oct
9
,
$3
1,300
1,600
2,300
7r
■
:
45%
44%
■?$
30
•—
.> •
50c
(The)
Corp
;
' 24
-.1
Ve.
46
V *24'
26%
24 Va
,.26V4:
26%
48%*:
;
26%
i *24
25%
a? 45%
46%
45%
24%
I
24%
26%:
10%
:
10%
11 Va
32%,
11
32%
;;
107/a
10%
33
*32%
*24-'
24%
'■
.
.'7,500
10% ,,10%
33
*32%
94-
*91
.1,800
3,500
:
33%
Lehn v&
100
™
>
107/a
33
-
26
V
25 Va
C'v '45%-(. 46%
46V4
200
-
Lerner
;
>
*188
*91%
95
i"
94
38
38
49
94 %7
*187,
190
94
*91.
95
94%
,
190-
•
.
.
93%
.
■
V:; s ?:
"
38%
38
49-
.
50
48%
:
*92'v
?
93%
'190
190
V
38
43
"
Life Savers Corp
47%
v.'v';'
94:
.
1,300
'
191 '/V
:
37%
38% V
47%
%',
*
93% : 94.
:
94%
190
190*
70
'
48%
a25
25
42%:.
26
•106
109
*106
48
41%
26-
;
109
-7
23%
27%
"71 %
71%
:
■
39
39
48%
21%
22%
21%
-27Va.
V
42 Va
42%
24%
109
♦106
21 %
48%
.1,500
.
1,500
Liggett & Myers Tobacco.—.
Series B
_!>—
——i:-23
;
Preferred
-i- Lily- Tulip
•172
r27%
27%
21
V
21%
*172
176
,
.
V-
107 Va
22
50
27%
.
:
50%
23%
23%
23%
102%
102%
♦101%
102%
15%
16%
15%
16%
36 Va
36 Va
158%
*155
42%,
43
43
'
22%
*101
15%
34
36 V8
158%
26%
48'A
50%
50%
*35
if
44
153%
42%
43
42
43 Va
41 %
111
*109
111%
*109%
42%
•109
6%
35%
i: 17%
Jun
5ye
Dec
60
14
,36% Jan
20Va Jan
17y* Jan
51% Jan
7% Jan
23%
24 Va
i,6oo
70%
22
27%
27V4 not
107 Va
71 "
21.
.20%
21%":
v
"21
21%
*172
176
^
104 Va Sep
24
20% Oct
30
25% Oct
10
'Loews
2,100
Lone
207/a
176
♦172
71 »/4
21'
3,300
.
7,800
21%
———
Bell Lumber
-Lorillard
(P)
Co
Long
1%
176
Inc
27
*26 %
'49V4
•49%
23%'
27% "
50
21%
*26%
49%
101%
102%
15%
16 Vs
16%
34
155;,
preferred
43
42
110%
17%
*150
+
155
16
*34
*150
-
42%; 42%.
41
109%
3,000
42
411/4
40%
109%
*109%
101%16 *
,
U-
Lowensteln
-2,600
35%
155
Louisville
80
200
4 Va %
Lukens
MacAndrews
42%
2,800
Mack
Trucks
41
3,100
Macy
(R H)
,100
-No par
-No par
.100
18%
19
I8V4
19
19
19%
5,400
'Magma
16%
17
17
17
16%
16%
1,900
Magnavox
2563.
15%
16%
13,200
10
100-,
Inc—,C——
16 Va
"
.
Co Inc'jiS—
17%'-
17%
Forbes
pfd series A—
Madison Square Garden^
20%
16%
&
4 % %
15%
xl6
-10
Co
preferred
,6%
110 Va
30
Copper.J———
Co (The)
JVo par
-10,.
—1
98% Oct
11?
14
Sep
32
Sep
11
153% Nov
13
23
38 Va Oct
30
Oct
30
40
106% Oct 10
12% Sep
18
32
29
29 y«
Aug
45% Jan
14
Apr 11
May 31
35
Jun
31% Jan
197
19%
15%
la
6
43% May
60
84%- Dec
i
Dec
60
36%
Dec
40
not
42V.
>
Dec;
166
23%
52
37yS; Dec
66%
Oct
Jaa
Jan
32%
Dec
*32%
Not
Jan
190
Jan
Mar
Dec
Not
31
68
9
>
Deo
7
July
Jan
25% Aug
50
Jan
: 18%
17
Oct
Dec
"*
10
Aug 28
32%. Jan
: 72'A Feb
Jan
Odt
Dec
Jan
7
Deo
:i 198
Mar
.: 47% Jan
41% Jan
19%
94
.
30,
-21% Oct
8
F?b 13 *
1
41
11
X45% Oct
Jan
:
43'A Jan
r
29
-50
Jan
120
17
Oct
24% Sep
;j_i
Si Sons Inc.,
pfd series A——..100
(M)
Steel
*20% Seo
173
181
43% July
3
10
—-
Nashville-^—
&
cum
20
A
—„-— ,_10
100
Jan
17% Oct
64 <
&, El..A——No par
Louisville, Gas
4,900
23%'
♦101 '
35-
*34
.
50-;
22%
22%
102%
V 400
27%
par.
—No
A
101%
65% Apr 11
No par
Star Cement Corp——No par
9,300
100
Jan
88
Corp——— -_1
Lockheed: Aircraft
.7,000
Jan
78
: 66
10;
22'A
20%
10
Oct 31'
23% Oct
"271/4
Deo
78
24
210% Mar 29
14
44% Oct
33%
33
103% Jan
24
<43;
Dec
not
13 V.- Dec
May 23
102
Carbonic Corp——No par
.100
3%% preferred ——
^Liquid
21%
70%
:/
Sep
15
35 V.
68
•
37% Jan 21
;
Sep 30
26
26%
v.
'15% Apr
10.,
Dec
16'
657/a Jun
:
Deo
5-4%
Jan
9
27% Feb
19%
4-
■
-2%-Mar
15
par
17
15%
page
Apr
.
15'A Apr
37% Nov
—No par
Wks
Co
Belt
Oil Refining
20%.
see
15
38% May
_1———No
Lien
17%
footnotes
28
3
Co_———No
JLlnk
8,300
/
17%
For
17JA Jan
64 v
par
17%
15 Va
Deo
74% Jan 28
187
•
43%
*106
22% :
26%
71"
71
23
23
*155
44
iV 57/a Jan
;
84% Sep 30:
:
par
Cup Corp——No
'
*26%
Jan
Jan
44% May 14
83
.100.
i--
—
Locomotive
Lima
r*1,800
48%'-
43%
"
27%
72
,
25
*106 ' :
;
::':-47%
431/4.',
-24"-
■
22%
26%
21%: 21% v
21%
176
*172
-
47% "48%
"
28%.
71%
21%
,
47%,;
42
24 % V
23
23%
27%
■"
46%,
X24%.
47%
: ''-cu'i
42
41 Ve
Deo
29%
'32 i May 13
28% Oct
ne,w-————.—5.
'
*47
:
21% Oct 10
Oct 30,
.
-25
-
94%'
190 :
38
49
Oct
17'A Jan 28
17%
43: Nov
6
10 ' Oct 10
Corp—„—-—No par
Owens
'
94
72
Jan
25;
.—5
Corp^
Fink Prod
Stores
Ford-< Glassy-No par.
—7
Libby McNeill & Libby —
'Libbey
Deo
Jan
12
55% May 23
v,
7
63%
Oct
47
Apr
*
;
33%
*91
6% Oct
54%
9
82
r
41% Oct 10
Sep
13
20 '
19
No par
-1
pfd
2nd
non-cum
Lehman
49% Jan
Nopar
pfd_^
1st
non-cum
20% Sep
102% Apr 22
He®
48%, Doo
31% Jan
May 29
68
19
29
—
.
f ;V\
20
19%
7y8
45.
41
2%
-
20%.;
45'
,
2%
*25%
|
Sep
Oct
Lehigh Coal & Nuvigation Co
<8,400
Oct
Oct
Lee Rubber^ & Tire
7%
14% Oct 28
12
-
1,200
"
8Va
7%
2%
"
11
*50
,
30
4% Apr
9% Jan 24
.
48
*32%
700
52
-
2%;
i'
26 v.:
47%
.
800
15
401/4
7 Va
.
,
121 i
45%
...
*.; -j
■
'
-
42
.
8
38
:
7%:
7%
46
*24 Ve
*
52
11%
2%
2%
*25%
♦7
:.'
11%
2%
46
*51%
40%
60
42
5% Sep 19
Gas' Light. Co-———4;
La Consolid 6% pld—75 Pesos Mex
Lambert Co (The}
--—No par:
Lane Bryant ——————No par
4%%
preferred
50
Lgclede
18,200
2,100
'
15
15%
65
-
12%
65
54%
42
7%
2%
*411
7%
12%
6%
,
x15v4
52%.
closed
13,
16
16
42
7%
12%
,
i
6%
42%
42%
V
6%
Va :V-
exchange!'
11%
42
"
,
stock
*50
11%
7
108
30% Jan
14
42% May 31
160.
Jun
13
13% Auff
28%
147
Jan
39
Dec
155
May
72
Dec
47%
May 28
31%
Jan
111 V8 Apr
12
106%
Jan
17% Nov
13
28
65
x
16lA Sep
20
30 Va May
14% Oct
28
17% Sep 27
Dec
Jan
Jan
76% Jan 30
20:
52
Dec
110%
Not
25%
Dec
;
Number 4543
yolume 164
-
~~~
•
LOW
'
•
•Nov. 11
$ per
share
per
*395
AND
SALE
HIGH
$
,
per share
*395
500
STOCKS
Nov. 14
$ per
$ Per share
■■■
*395
500
500
-
10%
* 13%
14%
1,1 >>
*13'A
10
10%
1'4%
*10%
10%
-
>
13%
13%
,
13%
'
*28%
"*4
;
4%
.
*11%
36
15%
11%
*109%
15 %
*198-
16%
v;
14%
27%
*200
■'*. r
<
503/4
12%
47%/
47%
45%
44
271/4
IO71
iot>
45
v
,
/
:
33^
33%
27%
28
49
49
48%
49
44%
48
48%
■
*43
44
v
64
-
48%
20
26
18%
19%
191/8
41%
*40%
43%'
109
*107
12%
35%
42
13%
34%
35«/4
34%
34%
20 Vb
*63
*40%
■>
34s
3
12%
.10
•103%
10
■■
„7%
120 ;
*22%
45%
12%
;
.
63%
22
22%
:/>■
22
22
*54
57
*54
45
*43%
40
19
18%
19
.18
21%
23%
:V21;%
40
40
23%
•40%
42%
16
.
*104
105%
14%. >15'/>T>
111
37
37
,
22
18 Vs
Monday
'
1
$2.50
17
>
| > Nov, 9
S per
t per share
21%
40%
Deo
24%
Jun
17%
1043/4
*102%
15%
15%
15%
34%
36%
36
36
35
35%
*35
54
*52%
*51
54
*50%
40
11%
(John)
Nov, 13
Nov. 12
Thursday
18
us
Deo
63%
Mar
27%
48,
Jan
Nov
10
34% July
Deo
195
May
53% Dec
13
104% Sep
109% Nov
176%
18
Jan
33%
12
110
6
Deo
Jan
65
Oct
Aug
40%
31
Mar
16%
8% Jan
5
114
Sep
Jan
Deo
Deo
65%
19% Jan
32%
27y«
Jan
30%
.•43
36,;
19% Jan
Nor
Deo
62
Jan
70% Peo
24
Apr
;4l% pec
Hfey* Not
104
Sep
13% Jan
17 Vi
27
Poo
30%
Peo
25
Jan
12% Mar
Deo
14% Mar
64% Jan
-29%-ifc;
NOV
'87%
45% May
33% Mar
Jan
Ss
Deo
106% May
111
Jim
37
•
1
Sales for
STOCKS
Jan
137
Jan
160
63
Mar
75
13
Aug
26%
Peo
42% Mar
68%
Oct
9
10 ;> < 26% Mar 18
9
68% Apr
5
26
1193/4 July l
30
56% Aug 9
10 :
19% May 28
Mar
Oct
.
7% Mar
13% Peo
124
Deo
Jan
16% Jun
Jan
49%
Jun
36
Jan
'52%
Peo
129
8
23% July 15
45
Apr 22
57"% Aug 21
135% Jun 17
104% May 29
v/
*
Apr
70
24
10 i
10
30 '
^
>
■*
rr>
'
30% Apr
62
56
• •
18
Sep
32% Oct 30
108% Jun ;27
9% Oct 10
35
Nov 14
53
Oct 29
:
36
Peo
47% Jan
76
Peo
24% Poo
61.
Poo
Hen
21
3
53% Deo
F4
Mar
41
21% Jan
33% Peo
31
23% Mar
32 y*
Oct
29
31%
Jan
47%
Deo
13
9%
Jan
Deo
109% NOV
18%
97 ys Mar
6
24
May 8
Jan
2
Jan 20
Feb 15
Jun 11
109%
119
Jun
Deo
Deo
66%
Jan
63
Nov
$ per share
Highest
Lowest
$ per share
$ per share
i/
Year 1945
v
-
Jan
21%
62
Jan
13
48% NOV
Range for Previous
Par
pec
16
34'A Jan
36
May
66% May
22% Jun
109% Feb
27% Aug
Range Since January 1
Lowest
Highest
,
Deo
25% Jan
Jan 29
Jan 15
49
114%
22
.55%
70
37
\
50% Sep 19
42' Sep 30 >
EXCHANGE
j
Deo
63%
35
.
NEW YORK STOCK
Shares
Feb
Deo
:36
25% Aug
6%
34
—
the Week
$ per share
93
'
Nov
14%
Jan
7%
18% Feb 16
<45% May 15
62% Jan
9
173
July 1
.
16%
—1
Co..^—!
10
26
30
30
15"% Oct 10
:/;T9
Oct 30
...
,
Nov. 15
share
$ per
$ per share
,
40
22% Aug
20 V2 Oct 10
Murray
900
Friday
Nov. 14
18
28
29
Apr
May
May
Sep
May
112% May
97
Nov
17
Jun
55 " May
22% Jan
j
Murphy Co (G P) com.———.1
4%% preferred.!..
100
Corp of America.
10
4% preferred
-»_50
Myers (F E) &
No pdr
.
2,000
-•
■
Wednesday
& Co
Brass
Mueller
3,900
111
11%
55
75
Mullins Mfg Co class B-i
1
14% Sep 9
;;
$7 preferred
—
!—Nopar WU02
Oct 31
Munsingwear Inc
—!
5
13% Sep 10
800
35
110%
11%
: ;
/
V';
V
34%
110%
11%
34%
111
'
'
109% Jan
'".ZvNV
Products Corp___<—No par
Motor W^eel Corp—..
.5
400
8,800
*102%
,
f,
Motor
-1,300
17
18%
11%
*110%
$ per share
share
Oct
46%
9% Mar
5
Jan
21%
48%
"38%
204
"',70
y
Sep 19
29% Sep
43% Sep
111% Sep
■,
62% Oct
_!—_—-*.50
!—-No par
pfd—!_
cum
Morrell
1,600
.
.
'21%
21%
40
18
x33%
35
Tuesday
Nov. 11
Deo
111
Sep
Mar 25
iloore-McCormack Lines Inc..^..10
i
200
*43:"-'
40/
21%
40
1,300
*54
,.
1} k
'i
tow AND HIGH SAtE; PRICES
Saturday
Jan
42%
109
2
30% Jun
Dec
Deo
18%
Apr
18% Jan
43% Oct 10
12% Oct 30
Mills——20
Ward & .Co—„No par
Montgomery
v
'■■■
12
111%
*50
55
•52
18%'
18
j:
300
14,500
£
Carpet
<
Monarch Mach Tool—No par
Monsanto Chemical Co common.—5
>
$3.25 preferred series A—No par
v
7,100
63>/8
46%
58
Mohawk
100
k:
36%
,
::i
A.r
:
11%
*110%
11%
'
16%
16
34%
'
11%
>
•42
'
*102% 105%
15%
15%
105%
16
34%
34%
*110%
45% Feb
7%
11%
15%
28
:
Mdjud Hosiery Co Inc!—:!!1—1.25
2,200
49%
22%
*54
■
40
17%
16%
.16%
•104.
Dec
3%
Sep 10
44
May 31
5% Oct 9 ./ <173A Jan 24
19
Oct .10
.52
Jan 23
100J
No par
_.i
—..iilO
Mo-Kan-Texas RR——JL.No par /
;
7% preferred;series;A
4-100
500
120,
64%
22%
57-
45
;;
•22%
;
10,700
/
*30
121:
*119%
44%
<57
*54
44%
/>>>'19 :■>
7,800
;
13
48% ,49%
preferred.!—
$6.50
*45
33
*31%
63%
62%
.25%'
.9% Oct
45
Oct
105J/2 Sep
}; 40% Apr
8% Oct
,
" Mission. Corp———!
23%
46
12%
I
6,200
1,800
7%
13%
3:1%
49
>
•'»'v' '
22%
[
24%
1,100
>
29
..:.7%
*118% 120
66%
64%
29%
7%
45%
48
•119% 124;
>'
39%
Jan
7% Mar
' 57% Apr 24
112% Mar 25
36% Oct 10
Ry—No par
.
*100%
29%
29»/4
>
9'A
9%
•
107
24%
i3y2
*30 %
50 %
65%
64%
9%
*100%
Jun
10% Oct
31% Feb
32% Oct
>140
Oct
Minn St P & SS M A vtc__L_No par : ■
Minn-Honeywell Regulator
..3
3.20%
conv
pfd series A
100;;
Minn Min & Mfg—
No par
Minn Moline Power Impl;
—.1
.
;
130
48%
;
48;
9%
y
112
113
kiami
Minneapolis & St Louis
2,000
12
53%
109%
1
>
1,800
123/4
48
111
No par
t
700
54%
45%,
31;
49
z
12 'A
23%
14;
31
120
11% Oct 10
31% Oct 30
xl09
Sep 11
31
Sep
4
12% Oct
9
'
Popper-:
—i
-5
Mid-Continent Petroleum
—10
Midland Steel Products^.!—-No_par
110 './
8% cum 1st preferred..
100
•50
51%
*107
7.%
146
..
54%
..
48
x28%
■."v.
47
13%
49
48%
Jan
jan 28
;
'
•12,700
2,500
1,900
Mi
35
1st cum preferred
$6
-
80*
'34
145.
*48%
113
.
*101
31%
*45%
.
24
«
11% Feb 4
20% Jan ?3
1,500
33%
34%
34%
12
9%
10%
110%
32
*30
,
47
,''•-•7%:
BV*
>24 '/a
26'/#
47
13%
13%
,
.
Deo
1,200
M *
12%
13 3/e
145
54%
*107
47
"30%
25%
•45%
•
110
9%
8
24%
32%
.
*108
109
:
13
61
Tl.%
53%
56
*102,
31
Jan
.
41V2
423/4
.,34%
145%
*48r
47
110%
.31
*143
110
47%
•102
13
56
110
47%
'
.
51
55%
*108
<
51
»
146
.62 Mr
12% 1
12
55%
35
*143
146
52
.
:34»/a
34
*143
Oct
15% Nov
14
—-
55%
104
130
~
353/4
625
14
.
19%
.
41%54%.
*41%
*107
12%
25
•
>:•/
20%
*103%
'
109
; ♦10T
>63
54%
104
41%
13%
34 %
:
55%
*1031%
104
42%
.
55
56%
56V2
*103%
13%
>•:>, 35%
$ per share
,
48%
•20%
62 %
*40%
65 :> >
'
*63 ;
*106%
25%
-20 «/4
20%
43%
12
24%
>
■V
.
20%
42%
.
109
*107
;
25%
22
><••
21%
49 •••;;;
65
;.
-
•/• 27%
107%
*43%
■»:
21
21%:"
•106
48%
20'A
28%
19%
104
-
43%
27%
r
107
48%
24%-
-
21%
27%-.
2i%"
1061/2
■§"••
40%
*104
'
21%
*40%
57
56%
Jun
-
7% May
McCall Corp
•
42
Sep 19
71
Apr 23
McCrory Stores Corp
...—___1
25
Oct 31
43
May 27
3%% conv preferred.."
LioO < 104ya Sep:26
122
Apr
9
35% '
1,200 v 'McGraw Electric Co;
u—1
30
Sep 20
46% May 29
28% "Mv
1,200 <
McGraw-Hill Pub CO_______No par
23Y2 Sep-20
48% Apr 22
473/4 <
1,700 * Mclntyre Porcupine Mines
i.5 > 44
Sep 19
'69
Jan 10
;
41
'
2,300'i
McKesson & Robbins Inc
-.18
40"% Nov 15 r; 56% Jun
3
-106
-t
<
$4 preferred
—J—No par'
103
Sep 12
108%Mar21
>21
C- /T; 1,600 t
McLfellan Stores Co^:
—1—1
< > 20% Oct- 29
>33% Apr
4
',27% , ;
1,100
-McQuay-Norris Mfg CO—
10
22
Oct 10
36
Jun 10
213/4 1
) •
3,600
Mead COrp
No par
18% Sep 10
30% Apr 22
107%
60 i.
4Va7o preferred.—
cl00 / 103
Sep; 19 v> 107%.Aug 26
M9%
;
1,100
4% 2nd preferred.—
50
43% Oct 30 :*
57% Aug 13
251,800
Melville Shoe Corp
1" .
20'A Oct t 8
- 26%Nov
6
203A --f it
% 3,100
Mengel Co
(The)!—
1
18
Oct 30
35% Jun 10
65
vMt:
150
•
v:, 5%
conv 1st; preferred—
a.50 > 62- Sep 10105% Jun 10
<20% M;
16,600
Mercantile Stores Co Ltd—..No par
18"% Nov 7
32% July 9
42%
Merch & Min Trans Co
No par
36% Sep
4
52% Apr
2
55%
1,200
Merck & Co Inc..————M-l54
Sep 12
77
May 15
104
:'i
100
$3.50 cum preferred
No par y 100 • Sep 19 .
110% July 19
41% "'
700 ;
Mesta' Machine Co....."———5
397/a Oct ' 9"
61% Jun
3
1083A i
:
Metropolian Edison 3.90% pfd-109
107
Sep 26
113%Apr 18
35%
41%
100"
-
26%
28%
106
410
2,400
v
106
•
47%
20%
80
45 %
26%
48 >/••
*104
211/4
•
104
426
46VaMay31
9
Oct
3% Sep 19
7% Oct 10
—:—r-No par
48
Sep' 9
1
27% Oct • 7
No par >" 243ASep'20
7% preferred
100
195 > Jan 8
May Dept Stores.-!—..^1
i—5 '
49" Nov 15
$3.75 preferred
i-—;
No par
104
Sep 23
$3.40 cum pfd
—No par
94
Oct 11
Maytag Co
„—No par
9% Oct 25
$3 preferred.:—.—;
NO par
' 45% Sep 19
---
48% "
45
108
34%
20"%
42 % : >
27
,
26%Jan
Year 1945
$ per share
Aug 15
16% Apr
8
Mathieson Alkali Wks..-L
3,800 !
.y/
113
28%:
/. .41
-
;
■
11%
113
33%
21%-.
/
49%
*47%
27
64%
■
20%
•40%
-49'>V
251%
26%
64
.
-5
:
per share
526
Master Elec Co,
900
2,900 1
r.;,
97
28
27 'X••'?
105%
105%
<20%
20%
'
>
V
48
26%
-
.
,
22
106
21%
v
29
21%
106'A
12% Oct 30
$
Corpj.
Masonite
1,800 *•
•
M
107
11 %
106%;
,*47%
43%
'
♦104
22
*271/4
; 2i%*
106%
'••'42."
108
21%
28
21 Vb
■
*104
t
21%
V
,
44%
26 »/4
*106
205
'
49
*105 ;
*95%
1131/4
*43%
'
'
.
107% -/■
28
*203
48%
*47i%
27
26%
*106
33%
48 />
52% 1
303A
'"27%
97
11%
•*113
113%
29
196
520
Jun<10
8% Oct 10
,
Marshall Field & Co_.
No par
4 % % preferred.....
,
1100
Martin (Glenn L) Co......
1
Martin-Parry Corp......^—No par
2,200 :
1,800
,.
"
303/4
/
49%
ltV'4
48%-*
*47%
*113
45%
26 v2
x
r,
33%
>
143/8
\
32'/a
31%
*95%
28
28
35%
14%
■
106 '/a
11%
28% : v
•
;
106%
97
11%
113%
*113
.>07 'My
*105
34%
i:; *104
,21%
35]/8
271/4
28
*203
207
27'
■
*203, •'• 207 >>>
;491/2
x49%
50"
.,
'/>
97
11%
'
'27
*95%
96
107
*33%
•
*30%
"/
28%
'
8,700
10 ;
53;,"'
51
31
>
31'
-
106%
2b%
VW
206
.
50%
106%
113%
45
"
330 «■
•
95%
/>";? 26%
*
+-50
1
No par
Co
Midland
Marine
Lowest
"
53
/'
53
x53
271/4
■f:
11% ; 11%
"♦47%
483/4
.•'.45
14%
333A A
lllVa
35%
'>14%
14%
33'/a
,$ per share
1
Corp—
5
Market St Ry 6% prior pfd—L100
.
8,800-'
*109 3,4
111%
30
900
; 73/4 -, .-••
11%
Par
•
Manhattan
Shirt..,
Maracaibq Oil Exploration.
100
v
v
S
•'
k
Manati Sugar
Mandel Bros
'
50%
113%
33%
35'/4
351/4
31%
107
95%
11%
*109%
109%
V.";
31
206
>50% ;
ii%
33
341/4'';
>109%
-
7%
.
300
4%
7%
.-
'
Range for Previous
Highest
Highest
Range Since January 1
Mahoning Coal RR Co__i
500
27'A
*4'
/41/4
11%
33%
>:
.
7%'
11%
36%
53
27%
:Tl05%
.*106
111.
K 36
.15%
:> >
7%
1.1%
3$y«
'4%
> :■ "
27'%
27'/a
*27
28
;
> >v 4
4
7%
,
U%
34%
CLOSED
*27,
,/C
•>..v
7%
..
30%
•
27%
•
•
7/0
4%
7%
53
30
r
,
36%.
'
52%
:
EXCHANGE
12%
35%
111
*109%
4
STOCK.:;.;
-■
:
34%
28
*27%
29
,
'•I: 7% .v'- 7%
—•
"
13%
*13%-13%
lowest
EXCHANGE
,
7
v
10%
-
:
<
*10%
10%
•
V Shares
,
500
*395
500
10%
the Week
$ per share
share
*395
♦.
'
Nov. 15
„
NEW YORK STOCK
Sales for
Friday
Thursday
Nov. 13
Nov. 12
share
NEW YORK STOCK RECORD
PRICES
Wednesday
Monday " > - * > Tuesday
Saturday""1
Nov. 9 y.
f $
THE COMMERCIAL & FINANCIAL CHRONICLE
y
S per share
N
15%
15%
28%
28%
*28%
29%
14%
29
15%
*271/2
28%
'
16%
17
15%
•12%
12%
STOCK
*167/e
17%
EXCHANGE
*22'%
24%
CLOSED;
28%
195
*34 %
v.
.
15%
15%
y:;.V:31/>
<
36
>' X35 % 36 y8
18% J': 19. '' - .yy
18% -18%
; 22%
21%
22%
34
34 ••/• ,'34% >34%
2i%'; : 21%
;
*27%
13%
12%
17%
91%
10,200
3,200
:
,
<
■
>, -.21
30,000
.
>300
,.
21%
-
18,300
.
*26%
,
: *15%
28 ^
"
*26 J/2
v.
-15%
->14%
.:;::;11%',11%
Nat
105
Xl04%
'
•
30%
•
104%
'30%
«
■/ 190
154
104%
'
.31%
*103
:
i
>:'V/;31%
■;311/2
*187
(
154
190
*187
>
,-t
;;y 40
•:,
10,300
20
./A
153<}:0
153
:80
v
"•
•
7%
23
44 'a
;
r
7%
7%
7%
1,400
c
23%: :./':>,22'A
23
3,000
':
45
1,500
'45/:
*43%
,
l%y>
1%
1%
.1%
r;l%79
81% f
80%:: iff 80 'A
26%< 26% (;•'
27%;
.' " 2 7%
•13% ■> If: 13
13%
r13%
12%
'18%/
'17'A
.17% ,y;^i8 //>;§%..
>91% :
93»a >.
93'A
•;i
-*92 ••'•'
f 91 'A
28
/
*26% >27%
26% <
/ > 26%
.15% >:
14% >15
^.•v/15' V-. 15 .{>■
81%
21,800
:
'
3.500
...
28%
:
-
200
/
..
■>
7,300
900
•/
:.
1
•
:; 11 %
..
21%
.'
21%
18 %
.18%
</:•
,
21 %
20%
18%
*107'A
*18-
,
.
109%
H%
r
...
■/
•
203A
11%
11%
11% i;ii%/
"201/2
18%
>*18
26%
105%
-
♦io?j/2
32%
32
/
/
34%
.
*96
*20%
26%
109% >:
<'i09'/2
140
%••■ " 200
Sep
•2,500
.
•
1
Natomas
lOVs Sep
Co.—^-!!—No par
195
Jan
30
13%
45% Jan
29
•/.":•<>.;
;
i
-
3
34
98
28%
*105'/4
105%
111% •'
*109%
111%
'
>>••'
•■
*97
33 'A
33%
34
;
32%
33'A
33%
>/>••
99
97%
97'A
33%
21 %
''20%
x20%
20%
211/8
42%
42 J/4
X40J/2
40%
40
17 Vb
16JA
16 J/2
is vb
99
18 J/2
For
38'A
27 J/2
100
100
187/a
footnotes
16
t
19'A
see
page
2563.
21%
'i 40
'37% '
99
100
19
19
'
.
38
100%
19
>■■
f
32
31
-4%%
60
1,
9,800
1,800
f
.
.
!
10
3,400
;>.-'• 38'A
39%
(
16%
f
45,100
37%
18%
conv
Newberry Co
3% %
19% Deo
3
45'A Apr 22
14
24% Jan
38
.30
19 ;
May 31
.
*
New
38%
<
1,200
100%
!
1,700
18%
(
1,200
,• •
-,-
York Air
York
...
Brake.!—!—Nopar
Central.——-—No par
N Y Chic & St Louis Go.!
-,100
6% preferred series .A—2
100 /
N Y City Omnibus Corp.;;—No par
New
,.
Nov
9
37
14
54% Nov
Jan
13
29
Jan
26 y«
108
xl01'/a Aug
24
24
17
37%
Jan
Deo
Jun
Deo
29
177
Sep
199% Deo.
10
152
Sep
187
Nov
4
21
Jan
35
72ya May 17
>
83
Jan
69
D«
Doe
41% Feb
21
12
101% July 1
38
Apr 25/
/ 2% Sep
27
19 »
10
s.
85% Nov
36 > Deo
65
Apr
22% Aug
15
24% Deo
Jan
25
18
Jan
29
26% July
33% Mar
2
102% Nov
107% Deo
42% May 10
13
20
10 ;
Jan
32
.30 ;
10% Jan
39% Deo
106 J/* Mar
<>
,
24V'2 May 27
^10
4 «•
Feb
;15
•'>'
h
Sep 19
May 28
30^8 Oct .10
2Z:,
.95% Oct 29
19 A Oct . 9
36% Oct 10
13 /s Oct 10
26
Sep .19
79. Sep 24
18
Oct 17
104
109„•
Deo
12% Mar
Jan
32%
13
2
•
14% Not
10%'Jan
'/
s";
32% Jan 30
15% Mar
Sep 26
22
--1
17 ; Oct 30
serial preferred—100
,106
Feb , 8
(J J) pommon-Nopary
25»A;Nov 8
-
Deo
Nov
23 :> Aug 13
>37
18 3A Oct 10
No par /
preferred.!—/—!——100
New Jersey Pr & Lt Co 4% pfd.100
/ Newmont Mining; Corp..4—
10
Newport-Industries..
/—I
/
41/4% preferred——!—!r
100
; Newport News Ship. & Dry Dock—_1
// •'
1,400
15%
100
!!—_!!
,
r.
21% V
Corp
20%
41 y«
9
Neisiier Bros Inc ney—
3,000
98%
.
;
5.
:~r.
34%
.
\Nehl
200
32%
33
20%
V
16%>
>38
."*18%
V
*97%
99
37
:'
.
>
;
1,700
f
*105'/4 105% f
-*109% 111% f
32
•
42
."38 »A
v
V
*97 y
?
16 "A
•
>
A,
109%
2Q
»
21
Deo
Jan
>31% Apr
5
24% Aug 13
•
~ ;>
Deo
Deo
Oct
20%
.
20 J/4 Oct
4iy4 Sep
l'A Aug
National Steel .Corp...t.i——-.25:
/ 75:
Sep
National Sugar,'Ref Co./j;—Nopar /. 25% Sep
•/National Supply. (Thel/ Pai——^10.
12% Oct
>.
$2 conv preferred—
40
17 A Nov
4%%
preferred/.!—•—!£_—100 :
91- Sep
Nationai- Tea Co_!^
—ylO; ! / 21.% Oct
Nat Vulcanized Fibre Go.
!-<—1
/
0°t
*34%
181%
-
.
Deo
23 V* Mar
1
3
Dept
Nat Mall & St'l .Cast. Co..!!_No par /
National Oil Products Cp.j.
4
National Power & Lt ex distribution
Nov
32%
16
341/2 Jun
17 > Oct 30
32% Aug
Products • No par
2\Vs Oct .10
67% Jan
Nat Enam & Stampihg.!—No par
> 33.
Sep 24
33% Jun
National Gypsum .Co..r,
,1.
16% Oct 10
$4.50
conv
preferred.
No pat ' IOS1/# Oct 28. 108.% Jan
National Lead Co_r„—-t-,
10
27 - Sep
9 > 40% Apr
207
July
A
7Id. preferred
A—,!^t.
100 « 187
Nov. 6
173
Apr
:/v - 6% i preferred r B_
—X
100 r xl49 •? Oct 10
>10% Aug
National Linen Service Corp new—1
*
7!A Nov., 7
-1,000
{
18%
*18- •>
*107%
109%,
28 J/4
1051/4
*109 J/2
,-.V 32%
32%
*107'A
27%
'A
105
'
20%
/./.;•
27%
>
no5%
*109%' 111 '/a /
.
30
Products.!——No par
Stores^..;——-—5 /
,
19 y.
Jan
32% Apr
21% Feb
National Distillers
y-.-. *
20%
-.181/4
"
""
26%
,*105'A
.
Oct
NOV
37% Deo
41% Peo
2051/4 Apr
Oct 30
Feb 26
15
'
17
37% May
9% Oct/10
3iy4Oct 10
13
>24
Jan
9% Mar
13%
29
34% Apr
Nov; 4;/
1
Co
16 Yt Mar
2
28% Jan
■
,*107%
■
Dairy
National
'
•.i:
Cylinder. Gas
;;;>
20 ys
20% May 28
<
66
35%
34% Jan
22!A Oct ,10
.1
Container..!—!
National
,
16-
41% May 31
-
'
'
—10
Nopar
City Lines Inc.!———a
1
National
V 4,200
i
.
'
Nat
3,200
2,000
>
„
> 189
National Can Corp—«—!
Nat Cash Register.
4,100
/
—1
5
Nat
2,000
16%
31%
16%
-16%
22
21 J/4
V
/.
Inc
Corp
7%
preferred-!—
-100
Bond--& Share .Corpu.l-Nopar
,
900
341/4
.
Fibres
Automotive
Nat
100
10% i
32%
31 %
i:
i
:
"
;i< 79 %
y
18%
05 ' >
18%
*92 'C
•
1%
10%
8,500
/
?
190
"24
*23
24
35
V
45'A
81;%
v: 13 Vb
/
y
28 "A
*184%
190
>
16%,
18%
22'/a"
45'
27% "
*26%
: 5,100
Battery Co..—
—4
Biscuit Co common—^.10
lj%
23% >23% "
•
y2;>:p
1%
80%
>
!
27%
National
31'A
188 J/2 188'A, :
154
154
7%
7%'
.46%
45l/2
National
16
•
37
*103%
•30%
,23%. 23%.
;
300
34J/4
p
;
:
20%
7%
•
>
*35
•
>30%* >31
*187 /. "I91yv/
€¥i54^:.155 S -v s
7%
18
21%
'
i.
33%
34%
36 y2
24
32%
15%
••
.20V4
21
•103 y3' ios
,
24
10%
16%
: ■>
;
24%
190
*23
31%
35%
18%
Aviation
11;
.
15%
'23%
National
15%
A
11, f
i6y8
22%
>4,200
.1,500
"28
28'A >28% /
*184% 195
>24r;
24
x31%
3s%
'
*23%
10%
•18%
12%
16
281%
24%
32%
—1
*
12
16
161/2
15%
*23%
29
*184%
V
National. Airlines—!.—.
16%
121/2
12%
16%
23% Deo
15% Jan
Jan
15
52% Jan
-
27
1
:
Co
Acme
.15%/
16'
16 J/8
12
15%
•
National
1,000
25% Jan
Oct 30
Oct 25
Sep 24
15% Nov 15
10'
Sep 23
15% Nov 13
20% Oct 21
25% Oct 10
Nashville Chatt .& St Louis
140
.
Corp——13
100
23
Nash-Kelvinator
20,200
29
29
28JA
28%
>
141/a
29
*27%
.
28%
28%
15
14%,
14%
X28
-
28%
Deo
108% Mar
103
Feb
May 24
35
Deo
37
Deo
110 J/2 May 27
106
Oct
109
Nov
105%
Jan
110
109% Aug 29
>
43 %
113
>
j
Oct
8
Apr 20
50
Jun
2.7
109 % Jun
19
45
4
32
Aug
18% Jan
xiey»
34% Apr
-
5
69% Jan
18
45
35% Jan 16
61 y4 May 29
32
Jun
3714 Feb
135
10
16
Aug
Mar
Nov
47% Deo
38%
58%
21% Jan
35%
Jan
75 Ys
103%
Jan
28%
Jan
Deo
27% Deo
148
Oct
Deo
Jun
Jun
39% Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
Nov. 9
$ per share
♦22'/a
Tuesday
Nov. 11
Sper share
22 Va
"58
70
*60
70
*240
285
*240
285
*107
108%
*107
*22
108 Va
13%
13%
*33%
STOCK
36
*235
238
126
26%
11%
236
125 %
273/4
11 Vs
21%
20 Va
•
104 Va
21%
44
*104
21%
N
Y Power & Light 3.90%
Y Shipbldg
125
234 Va
27%
:4
11 Vs
4
27
27 V2
*115%
21Va
11,900
11%
5,600
11
.
117
21%
Northern
45
*104
>
21%
104%
104
104
Cum
107/a
19%
21%
45'/4
44
45
103/4
11
193/a
20%
44 Va
443/4
10%
19%
21
10 3/4
443/4
10%
19%
20
X18 3/4
10%
*17%
183/4
20%
<5178
14,700
45%
280
Northwestern
10 %
10%
700
yNorwalk Tire
•
18%
Xl7 %
173/4,
36%
36%
35%
36 Va
33%
111 Va
34%
333/a
333/4
110 V2
*110%
34%
111%
33%
VllOVa
23%
23%
*110 %
111%
♦110%
111%
X22%
23 %
22%
22
22%
223/8
22%
22 %
223/4
*21%
22
22
21%
21%
100
20 Va
106%
21%
106 V2
11%
Vvll%
11%
11%
28%
*115 >
28%
28%
23%
:
•
30
•
33
129
v
30
42%'
40
62%
go ;
31
129 >:•
6
•\
>..
6%
13%
•/
7
£&■
14
ri*14
6%
45%,
*105%
106%'
*105%
5%
5%
67 <*;■:
15%
5%
V.
*65
45%
31%
31%
59%
':•••
20
39%
14
13%
14% v/: 'yy-13%
:V!
18 %
••£•!-'7%
20%
34%;S>
*111%
22%
22%
28%
27%
28%
40%
41
40%
50
,50
•5r
*94%
95%
*19
22
26%
50%
*95
:
*17
y
27%
*22%
23%
♦108%
23%
•v
115
89
♦109
90
*30%
♦105%
108
9%
>
*1113/4
*22
23 V*
*30%
y.i/"-
108
107
92
26
22
112
89
>30%
106
-89%
31%
r
*106
.
10a
t »
;
9%
400
&
Pere
,
9%
9%
Monday
Nov. 9
$ per share
15
.y
55
•'■• 1 per share
.
143/4
^
55%
37%
65%
111 %
26%
26%
29
30
*116
■•*65
V
STOCK
EXCHANGE
26'A
CLOSED
*29
14%
23%
V
96
36%
*107
*21
*117
23
V: ;
>
♦95V8
"*■-
110
36%
;
■
>•
54%
18 V*
56
58
38%
393/8
65
65
*105
54%
111%
26V4
*116
>4
ft 13%
122%
95
v?-
Milk
Co
*9%
18%
18%
*200
37 V*
183/4
♦18
103%
*101
103%
243/a
3.60%
19
?4
♦18
~9%
38
19
=
4
8%
•'
*18
19
31%
31%
*31 Vb
11
373/4
>
*105%
107%
*1053/4
77%
x73
16 3/4
16
16
*198
206
15
15
200
21%
21%
22%
23
*22%
200
153/4
,
15
22%
77%
4 *13
S
>
Pitts C
.!•
10%#
97%
97'%
19%
18 3/»
19
'.•-•>•.?
3,100
18%
18%
J.y,
200
*18%
183%
*190
206
yyy 37
38
.
1
'
3Va
8%
ll3/a
113/a
36 %
8
/
36%
0A}.:.
125
64
-
64
75
'!
*100
73
16%
*198
14%
*73
16
15%
206
15%
143/4
14%
22
22
*198
Muf-'r'M
16%
23
*22 V4
I6V4
16%
*16V4
16%
14%
133/4
14%
13%
1,000
23
16%
137a
42%
200
400
y8
593/4
59%
42
60
59%
60
37%
59%
593/4
59
37
38 %
59%
35
36%
35 %
36%
*101
34%
101 %
36 V4
101
101
*100%
101%
*100%
36
36%
36
36
35%
353/8
35%
6,300
42
59 %
37
*100%
102%
*35%
36%
For
footnotes
see
page
2563.
,
10
600
21%-
*15%
42%
Pittsburgh
200
*223/4
43
& Bolt
143/4
17
♦42%
Glass
30
233/4
43
Plate
1,500
143/4
*42
1
100
100
'
Screw
15%
14
Coal
preferred
Pitts
250
14%
23
—No par
Co
—1
—10
Co——
Steel
No par
Co..
No par
7%
206
3/4
Consolidation
-100
Co—No par
Pittsburgh Forgings Co
Ft Wayne & Chic Ry
Pitts
15
20
preferred
4,800
*13
-
conv
No par
RR
Chemical
1,800
64
75
&
Pitts
;
—25
-
St Louis
&
Coke
7%
125
62%
Inc——
2,300
8
11% > 113/4
100
-tNo par
101
35%
200
preferred
class
B
100
5%
preferred
class
A
—_100
5%%
1st
Pittsburgh
Pitts
ser
&
Young
Pittston
Plough
Inc
West
&
Co
conv
Va
Ash
pfd
100
1
(The)
5
new
Plymouth Oil Co
Pond
Poor
Creek
&
Co
Pressed
4%%
.-5
Pocahontas
class
Steel
No par
Co
preferred
ser
Publicker
10O
1,800
$4.75
Public
cum
Inc
preferred
Co
50
A
No par
Industries
Service
1
Inc
Procter & Gamble
5,400
I
new
B
Car
2,800
,
pfd
100
—100
pr
of
5
No par
Colorado
20
102
5
Oct
'17% Deo
V
Oct
24% Mar
72
May
16
25
Deo
Jun-
17%
Deo
•33%
19
Jan
30%
111
Nov
11
>
Deo
Deo
113
Apr
Deo
24%
Deo
33 % Aug
46%
Nov
49
Nov
20%
37% Mar
30%
•69
14%
21
Deo
46
Jan
Jan
96% NOV
(
NOV
43%
Jan
38% Nov
July
19%
Jan
19
92%
Jan
119% Nov
109% Jun
17
63
Jan i
116%
Apr >
Nov
108
Mar 12
*
„
13
16% Feb
■
80 >48 "
76%
117%
;
-
I
Jan
43%
6
Jun
Jun
41%
Dee
Mar
/
13
»
Dee
Range for Previous
?
Year 1945
Lowest
Highest
$ per share
<
9% Jan
<
19% Aug
e
Sper share
15%
Nov
May 9
May 23
36%
Deo
25
Jan
>
40 V*
Deo
Jan 22
57
Jan
1
71%
Deo
Jan 18
30% May 1
106%
Jan
115
;
Oct
•
21%
Jan
29%
Nov
July 10
34
122
26
105%
/
1 '•
t per share
25
Jan
29 %
Nov
May 16
117
Aug
19% Feb
! 47
Jan
5
31% Mar
122
12% Aug
17
20
102
71
Sep 13
Jan 28,
112
Jun
,
49%
Jan
11% Aug
43 Va Mar 18
10
56% July
107%
Sep
Apr
19%
>
•
Nov
44%
>
Deo
'iy:'74>
Sep
t: 113
Apr
106% Aug 27
36
y-130
9
Jan
8
July 16
>14% Jan
111
Mar
—'
89
Nov 15 y 89
Nov 15
49
Feb 27 :
73% Jan <11 mc 44%
11
18
Oct
9 y .41
Jan 11
25
C 29% Sep 20 > ; 35% Jan 15
105
102 Va Sep 25
110
Feb
7
118%
.123
Oct
4
136
May 3
8%
7% Sep 24
15"% Feb
8 t85%
:
93
Sep 20 .; 106
Feb 16
20%
17% Nov
7
26% May 8 ;
15%
17
Sep 20
30
Feb
8
> 197
July 11
202
May 15
190
201
Oct
7
210
Mar 29
39%
yr
30
Sep 10
48% Jan 15
6%
7% Sep
4
14
Jan 30
8%
; >
9% Oct 10
22% Feb 16
99
103
Oct
3
141
Feb 27
49%
y
*9% R°n 94
96% Jun 14
68
75
Nov 14
92
May 28
21
<%
•
34% Jan 18
198
200
Nov 12
200
Nov 12
12%
13
Oct 30
31% Jun 14
14 Va Nov
9
22
July 1
17%
19
Oct 10
293/4 Aug 12
24%
203A Sep 10
25
Oct 15
HVaOct 10
27% Feb
7
12%
12 Va Oct 10
30
Feb 16
16%
40
Oct 10
63% Feb 18
53
Oct
9
71% Apr 27
34%
124
V.
y'—
-w->
,
Deo
28
11
y
Deo
39% Not
30
Jan
21%
.May 22
'Apr 22
14% Apr
20% Oct 10
y
July
5%
v
Jan
59
Oct
73% Deo
Feb
xl8:
Deo
Jun
109
Aug 27
120
100
5
Pitts
•
No par
100
Oct
2%
29%
y
111
21% Jan
6% Mar
17
36% Jan 17
r
11
33% Sep
56
29
29
20
r
May 21
79 % Jun
132-
10
X105
100
Pitts
;
206
C
M
5
Hosiery
$5
♦
,20
"
*100
's
*200
2,200
7% Jan
40% Jan
r
2
933/8 Oct
100
Ltd
preferred
Plllsbury Mills
$4
preferred
97%
*200
:
A
Co.
—
500
Apr
20% Oct
100
series
Phoenix
19
>/•;.:
&
110
Jan
513/4 Jan
> 27% Feb 25
'117% July 29
11% Oct 30 .'
1
preferred
100
10
14%
23%
10
4,600
;:vfyv:'
16
17
143/4
43
'y
54
*124
22
*21
v'.
*94
125
65%
533/8
10%
;
series
Morris
Oct
32%
68
>108% Sep
9
par24% Sep 24
100
Iron
Phillips Jones Corp
.7% preferred
New 5% preferred
5%
cum
preferred
Phillips Petroleum 1—a
108
*124
.10
'
83/a
11%
300
33
4
*16
153/4
•\ *13
89 y
(
*190
36%
85/8
89
54
4/
206
*200
12
93
19
'-
19
Philip
106%
49% July 16
10
No par
&
Deo
115
•
35% JaA1. 6
' 63% Oct
50
No
:V;
*18
97%
*75
16%
14%
9%
*64
200
24 5/s
'-'•!••
-
*105
14%
*16%
!••
67
14%
24%
;y>>88'y:
53%
19
130
*15%
*42
95
55
18
64
17
*22%
24%
54 ''/•
•
♦105
67%
79
*191
21%
8,700
Coal
Dec
X80%
10
90% Apr 25
47% Feb
19
3
pfd
*101
*190
8%
33/4%
103%
97%
19%
373/4
240
4%
i
206
11%
,
110
36% : 37 V4
/
—No par
com—
Corp
*108
%•"
'
8%
130
95
Read
110
*124
*200
373/4
*16%
Philco
&
36%
.
*190
206
*76%
5,400
107%
,11%
67%
'
19%
8 V*
Phila
*1073/8
97%
*11V*
*105
6,100
*105%
19
118,;
94 Va
Co
14%
Jan
29
•
106%
4% Mar
Apr 30
37% Aug
115% July 15
27% Jan 24
$ per share
13
Deo
*39% Nov
'•<*'w '";*•
,
12
Apr
Sep
>30% Jan
}'• i;.
,
Jan
29%
Range Since January 1
Lowest
Highest
preferred
;•
Electric
133/4
37%
-
Aug
Deo
Deo
32%
>
Jan
16% Feb
'•'•:
10
25 :^29% Sep
preference com
4.4% preferred
22%
95
>'
;
$1
13%
95
"V -1
5%
Jun
,
10
Jan
16% Mar
,45% Jan
:
3
,87/« Oct
y
175
Jan
Mar
6
16%
>13%
24% Jan
18
1053^ Sep
5 v
160%
•573/4 Jun
11
28 Vi Sep
<y
100 >
America
STOCKS
preferred
Phila
22 V*
107%
18%
$6
4,100
133/4
31%
"9%
•
23%
95'/a
21%
*124
*190
*116%
90
26%
29 V4
13%
31%
93/8
IIIV4
n
37
*
*95
240
22%
32%
"9%
;■ 5,
110
20
97 Va
i
143/a
*105 4
107%
65
23
313/4
*124
*95
55%
64%
*29
of
Phelps-Dodge Corp
Philadelphia Co 6%
36
*101
preferred—
Corp
Pfeiffer Brewing Co—--——No par
Pfizer (Chas) & Co Inc.—
1:
8,800
V >28,700
*107
>.
No par
~4%%- 2nd
Par
1,300
593/4
'25%
125
*18
■
14%
39 %
*110Va
29%
*117118%
Oct
Shares
•
26
75
•
DM
5
>22% Jun
9
100 y
149%
9
-
10
EXCHANGE
38%
111%
•25%
Oct
Oct
Oct
Jan
r y
35% Aug 13
19
16
NEW YORK STOCK
58
•
♦29
119
14%
<
*110%
29%
24 3/i
22%
55%
18%
.
25%
*29
103%
*117
57
38%
21% Sep
160%
10
,>
10
100
12% Feb
> 48%
3
Oct
Deo
NOV
,
Jan
Jan
121%
•
May 1
39% July 11
30
2
100
——
Petroleum
! 14
42
fe 46
Jan
34%
82 >• Apr
12
v
24
Deo
48
110
30
Oct
Jan
Nov
NOV
14% Jan
3f>
.100
Co
Sales for
$ per share
14%
Ry
38
43
22 %
Jan
e
89% Feb 20
100
._33%c
the Week
Nov. 15
14%
65 M
>> 111 3/B
26 Va
37%
*20%
125
33
14%
14%
Ry Co
preferred
preferred
5%
Pet
60
1,400
Friday
V!;
tper share
•
647/a
*80
*32%
y.Nov. 14
37%
V
111%
110
*101
23
'56
>>
>
96
*106%
103%
573/4
40
119
y 141/8
37%!
v.
*101
96
143/4
30
*116
13%
22%
Thursday
13
4 per share
15
.65%
*110 VB
119
•
■'
.
"
40
i.
♦110
>
$ per share
Nov
y
DOC
89%
111
12
Jan
Deo
79%
>56% Apr 22
20% Sep 24
25
Sep 24
'
50
-
Co.
£■y*
Wednesday
Nov. 12
15
57
35%
*64%
Tuesdays
Nov. 11
110
Co—No par
prior
-
9 %
No par
95
23 %
27
17% Sep 20
'28% Feb 25
100
Light
Marquette
5%
LOW AND HIGH SALE PRICES
Saturday
&
0^4 oct
7
Corp..
Eastern
Pepsi-Cola
_
<
Power
Peoria
600
'•
Sand
10
Co
Salt Mfg Co
<-10
Peoples Drug Stores Inc.
5
Peoples G L St Coke (Chic)—HMJ
100
,
Corp—
Cement
Jan
Jan
£ 20% Apr
16% NOV 13
1
-
NOV
Jan
22
r
64% Sep
ant, Oct
!.
t' Pennsylvania
600
.
Coke
Corp.
.
32%
11%
26
f>;
-
10
No par
Pennsylvania RR
28,700
22
112
Oct
preferred
Penn
•• 500
-
12
e
Deo
Deo
168
Jan
Jan
13% Jan
34% Apr
13% Oct 30
t
Nov
36%
45 % Mar
Apr 24
160% Jun 13
9
;5
Deo
34%
58
181% July 17
3
Oct
*118%
22%
74
22
>. 11% Feb
3% Sep 19
26
Jan
Jan
* 48
10
Sep
35 Va Jan
No par
Co
•
10
1
___No par
Airlines
&
Glass
5%
.
2,100
19
27%
Coal
Penn
>
1,100
93%
*16%
/
:
-52 yyyy";
*50
27
90,
31%
106
,
Penn-Dixie
Penn
>;-.y:yy/•./ 10
423%
41%
■
V
,23::..4'
115
*30%
.
273/, Oct
—2.50
Enterprises
C)
Penn-Central
20,800
•:
(J
t
100
26%
&
.
Deo
Jan
155
17
Mar 18
-473/4 Jqn 17
67% Jun 14
9:
E3
.
193/a Jan
Nov
13%
7
Jun
Deo
34%
119
23%
107
y
10
No par
Transportation
Mines
Penney
4,100
18%
-*88%
9% Yg
9%
115
.
12%
'
9%rJy
-»•-
22%
50
1
♦22
31% 4.
107
33
.
*1113/4
,-«3i '13:
•109
89%
19%
26 Va
42
v
93
112%
-
'
Mines.
,
Co
Penick ti Ford ;
6,400
13,600
1,400
1,600
27
18%
*109
#
8%
33
,
'
1
1
Co_
Proof
18%
V 48
105% Oct 24
-100
Inc...
Jan
86% Mar 19
10
Sep
Deo
23%
25% July 11
3
5% Oct-
>
24% Jan
111% May 29
100
Oct. 10
56
Oct
112
107% Jan
16% Aug
Jan
17
Oct
Deo
11%
■
5% Oct 10
105
21%
106%
30
37% Jan
Jan
3
35
Oct 30
13
Deo
14
12% Oct 30
•
1
Inc
&
Rust
Patino
600
Ref__i——
Consolidated
Davis
Parmelee
;
.1,600
-
17% "
19%
-
1,400
,
22%
•
42
50
-
•
13%
8
115
26
*87
f
-33
c
U3s/s1 133/4
20>
y
*32%
18%
31%'T,w
9%
y; 16%
8
26%
90
*107-
9%
-17%
22%
*30 %
•'
163/4
263/a
*88
31%
'
18%
23%
115
..
45
25%
t;
28
Parker
Tilford
Oct
NOV
15
12%
19
180Va May
10
Oct
Deo
57,
Jan
Jun
10
5
63%
Apr
6%
51% May 22
39 Va Feb
2
24
19
Inc-———.—No par
Pictures
Utah
Parke
1,500
44 Va
42
Park
3,100
45 Va
50%
20%
26%
.
31
45
22%
94%
y
&
Deo
4
Jan
36
21
oep
168
j.100
&
38%
17"% Jan 18
120
Feb 11
22
25% Oct
No par
preferred
conv
Park
40%
-
27% 4;
50%
43/.
'
4%
Paramount
.
30%
78
34%
93%
4»/«
40,500
1,600
9,300
39
75 Va'
111%,
'*40%
.'
-
'■
13%
26%
}■&■$
'
Cos
Deo
112
xll9% Jan
10
54% Sep
Corp.—2%
Pipe Line
Prod
Paraffine
-
32Va;
58 Va
•Panhandle
'
40 f 5*1'
V
.193/8
51%
31V4
158 Va
•
400
74%
20
96
,
♦106% '108
>
:5,700
v
26
36% Oct
10
preferred
■
31
22%
>
•
'
4%
37% Nov
Sep 20
o0
No par
Airways
Jan
29% July 1
22% Jun 14
10% »>t 10
14
Nov 14
—1
Corp
Car
American
Panhandle East
;•
(
5%
65
*77/a
*32%
22%
27%
5%
c
Packard Motor
17%
May 23
112
28
Pan-Amer Petrol & Transp——i^—5
2,700
26
30
Oil
Jan 11
25
30
28% Oct
Pan
:
Sep 27
1223/4 Oct
32.700
Mi
17
!—Nonpar*
Western
M/ty 22
Oct
'">15% Deo
263% Mar
71
No par i;
Pacific Tin Consol'd Corp
y
13%
.:
111%
115
105%
13%
8%
19%-
•
♦105%
74%
45 V*
6%
Jan
Jan
46
Telep & Teleg
;
100
preferred——————100 -
Pacific
Deo
9%
105%
3
10
24
non-cum—No par
25
—
31 %
Jan
16
3
11
Electric
&
25,200 i
,
,
v.
.
13%
-
:
Pacific
4,400
..
',13%
1
75
16% >17>v>
8
*32%
>
13% 4
13% 4
*71
■
t\- 45
46
20%
115 *
'■
15%
44% "45
58 3/4
29
'•
6%-6%!
13 Va
133/4 ; :
4 3/8
39%
29%
r
-400
♦14
32
'
4%
38%
.8
20%
40%
4% 4
J
•V. *28%
22%
>
4%
39%
17
34%
*111%
583/4
1
6V«
preferred
Pacific Mills
90
10
.,
20
*62%
108
31%
59%
1,400
168 Va
68
31%
31%
53/4
*64
♦106V4
29 Va
Vy 45%
8 ••*.
*32%
W- 5%
65
108
Gas
2nd
NOV
19% May 15
Oct
158
Sep
?•' 22
Sep
86% Oct
2.50
—
Lighting Corp
6%
1053/4
59
74 '>■; o-74
18%
7%
.•
Pacific
Pacific
19s/a
.45%
30%
4% vv:
14
%
46
17
V?
60 V4/.
.14 »
14%
,74
46
y:
*105%
44%
39%
'13%
14V4
65
5% 4
'
r
143/4
♦105%
105%
5%
t
i
129% >
6%
*27 Va
28%
13 %
*70
*105%
■
GO
Nov
126 Va
55 % Jan
26
No par
8,300
1,000
*167
63/4
>♦14%
y
:
'
■>
.
258%
56 Va Jan
Sep
27% Feb
Co—....12.50
61
19%
50%
Jan
19
xll3
-100
-
Glass
.
30
10% Oct 30,
10
40%
31%
13% *14.:.
15%
45 V*
.
31%
—
4%
*27%
-•
•:
108
59%
39
38%
;
,31
4%
;
,.
14
.
*127%
6%.
100
—
No par
30
v
169
6 >!-
Co
Owens-Illinois
Jan
Aug
37%
30
21
Sep 25
19
Oct 30
99 Vi Oct 14
20
No par
com
61
20%
7
,
pfd
—
40%
128%
•
Outlet
2* % Mar
8
195/a Feb 26
preferred___ 100
Mfg
16% Feb
117 ;
36
104 Va Nov
108% Jun
600
Pacific Amer Fisheries Inc—5
140 :■ ■■■Pacific -»Coast'. Co—-—-10 • /
40
1st preferred non-cum
No par
.
.
-
100
&
118
3
30% Sep
preferred
219
Oct
44
No par
30
■
:
6i% ?:
31V4
11%
6%
v.
Jan
183/, Oct
Co
A
5
lOVa Oct
2.50
Co_».
Elevator
19
102% Oct 24
10
Co
convertible
Deo
Jan
16% 0«t 10
50
.Outboard Marine
—
51%
6
6%r •
44%
5%
15
*00%
20%
,
13%
13
*
65 'C-J.-ii
59%
4%'
V
v .7
106
*105%
*167
21
.
11%
♦14%
-40%
Va
31%
128%
168
6%
47
65
♦105% i08/V:
31
„
11%
30%
60
Otis
3,400
50
40%
127%
it
72
111
No par
Oppenheim Collins
300
90
Inc__,
preferred
4Va%
110
14% Aug
y
T 129
£ 10% Sep 11
•
10
-
14%
■
*28
5% •4 y 64/4
14%.
*14%
45%
11%
yy''50v
50
22
71%
\
4,100
163
.
.
Edison
Oil
OCt
Sep
102%
18
4 23% Oct 30
No par
Rubber
&
Nov
410
(Minn)
Telegraph
-•Omnibus Corp (The)
8% conv preferred
900
:
Co
V.Oklahoma Gas & Elec 4%
Oliver Corp
220
;
Airlines
Pharmacal
4.40%
2,000
'
29
m
28%
•
*87
71%
14
4/
60% '
165%
!
90
41%
*20
>
7% :
■;13%
15%
♦
"•
6%
21%
•21
30
:
127%
y
165 Va
6
*20
5
*29
'
30%
129%
165 Va
6
20
-1.
:
32
♦127%
165%
20
'.£•
30-
62
30%
*165
15
41%
42 ••
61
•159
22
70%
52
62'
41%
163
*87
11%
15
'
28%
'*21
71%
*50
.
'••54.
*28
Ohio
Ohio
5,200
,
<
.
115
,
100
i
.
11%
115
*159
::
108
11V4
29
1,700
\
20%":
1063/4
283/4
90
11%
16.
54
■
115
y.
28%
22
70%
20%
'
■
11%
28%
*87
V
20%
-
28%
163
i'i; 22
23%
115
V
106 »/a
113%
28
28%
*159
90
Va
106%
116
28
'
11%
*14%
v;
*115
73
11%
15
54
30
20
11%
V
29%
-
73
!
12
14%
*50
:
*87
72%
*11%
20%
107%
11%
«
163
*22%
90
*71
20
*213/4
.*106%
•
29
28%
*159
23%
*87
116
*28
28 Va
159
.'
22
'
116
159
,
20%
*21%
107%
*106
*115
...
Norwich
7,300
19%
V
Northwest
1,400
Power
pfd $3.60 series
4 45%
10%
*110%
*21%
States
NOV
65
Mar
Aug 15
393/4 Apr 20
11
10
29
Mar
288 Va Apr
20
Jan
Feb
283/4 Feb
9
225% Sep
121
Co
Jan
41
162
May
53
; 31% Oct
100
100
pfd
non-cum
North American
10
North American Aviation———;—.!,
Northern Central Ry Co
„
50
Northern Pacific Ry
100
117
20%
4.
Adjust 4%
17
3
113 Va Mar 18
24
12% Oct
$ per share
19
76
325
105% Son
Highest
$ per share
413/4 May 28
4
5
Norfolk & Western Ry
125%
$ per share
28
1
Corp part stk
Noblitt-Sparks Industries
Lowest
Jun
275
pfd__100
100
234%
*125
53% Oct
50
350
*33%
233 Va
4
21% Oct' 9
No par
N
19%
105
20 Va
preferred
non-cum
Year 1945
Highest
$ per share
No par
NY & Harlem RR Co
'
*104
$5
>
Range for Previous
Range Since January I
,
.,4.yLowesl
New York Dock
*13
125
<21%
29
/
Par
13 Va
>>11
?E *115'/a
.
117
;
.•
60
35
26%
11%
*115 Va
.chnTPo
•■>•.>>>:>
;
*240
232 Va
>
'
STOCK
*107
13%
27
nhnra
rtpr
YORK
EXCHANGE
108'/a
V4: *33'/a
*125
117
Va
133/4
35V4
X234
11%
*115'/a
21
*CLOSED
•
27%
*22
70
133/4
.t
STOCKS
NEW
the Week
285 >
"•
*107%
35%
.
EXCHANGE
*125
*60
*240
'
Nov. 15
$ pet share
29
Sales for
Friday
Nov. 14
$ per share
22 Va
Thursday
*
Nov. 13 v
$ per share
28
-V.'..
Wednesday
Nov. 18
Deo
Deo
—
.
,
v
32% Oct
10
99
Oct 10
31
Sep
10
67
May 14
105% May 22
41
July 1
65
(Jan'
>69%
Deo
Jan
35
Deo
Jan
37%
NOV
Sep
Aug
108%
Mar
11%
Jan
Deo
Jan
Jan
Deo
Jan
126
Feb
Sep
106
Deo
Deo
23% Nov
25%
Deo
205% July
44% Deo
12%
Deo
Jan
15%
Mar
117%
Oct
Mar
69%
Jun
91
Jun
Feb
Jan
<
43%
Deo
Jun
Jun
198
Jan
22
Deo
Jan
27%
Deo
Jun
Jan
33%
Deo
Jan
25%
Deo
Jan
26%
Dee
Mar
66%
Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4543
164
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH SALE PRICES
Nov. 9
;
Nov. 11
$ per share
$ per share
Sales for
the Week
I Nov. 15
$ per share
$ per share
I per share ;
tper share
Friday
i;,' Nov. 14.
Nov. 13
\:> Nov. 12
,
Thursday
Wednesday
Tuesday
Monday
Saturday
,»
>
Range for Previous
NEW YORK STOCK
EXCHANGE i
Shares
..
.
Range Since January 1
Lowest
Highest
•;/•
Par
■
$ per share
•
Year 1945
Lowest
$ per share
$ per share
-
21%
107%
•128%
*113%
114 ,;'
'STOCK
122
128%
*127
v
20%
128%
114
106y4
128%
130
•113%
> 51%
114
•113%
114
*113%
53
50 y4
51
50%
22
21%
114
122
112
22%
109%
35%
36%
V
36%
23%
x34%
34VB
•223/4
24
109
2,000
No par
No pari
Purity
*
Bakeries
24
Quaker State Oil
!
27,200
700
83%; ;/••>
16%
17,000
*23
Radio
107
No par
'
Corp
Ref
30
10
Corp
10
Jan
17
27% Nov
Feb
102%
2
Highest
$ per share
Jan
115% Dec
106%
Jan
139% May 10
ll<f
Jan
150
Jan
Jan
17
126
Dec
138
Nov
117% Feb
15
121%
112%
69% Jan
15
47%
Jan
85 V*
Oct
17
Jan
24%
Deo
106
May
28% May 28
115 y2 Jun 13
38% Feb
4
2
Sep 20
19% Feb
10
126
\
9
20
Oct
10
115% Jan
Sep 25
100
:
30% Jun
112% July 25
47% Sep 10
19% Feb 26
No par
Pure Oil (The)
5% conv preferred
300
33'%
33y2
100
Sep
108
114% Aug
119J/2 Jun
Pullman Inc
12,800
10
103
100
Pub Ser El & Gas pfd $5
9,100
225/a
109
24
•223/4
217/a
preferred
> 8% preferred
•>>>>:
114
50%*:, 51%
110
35%
35%
24
*23%
>
*109
112
♦109
109%
*113%
7.
1%
90
.'>>>>.. 140
127%
126
22%
H,- 22%'
870
330
.
lift Oct
Pub Serv Corp of N J com—No par
$5 preferred
No par
6% preferred
100
9,500
'
106%
114
51%
21%
CLOSED
20%
*121
V;
?
52%
*22%
114%
X123
•127
21%
35%
108
114
122
124
EXCHANGE
130 >•
•109%
106%
123
114%
123
52
107%
114
108 V*
*113
121%
21%
xl06%
Xll3%
21 V\
107%
114%
121%
20%
21%
1077/a
*113
21%
21
V 21%
21%
20
X148% Nov
Oct
23%
118
Jan
112% Nov
Jan
38
Nov
25% Aug 13
11% Jan
82% DM
19
lOVs
78%
10% Dec
90% Oct
ft
'■Viri "'V-vi--'
>
10
■?."
83%
V
16%
4V>4 10
110%
83%
*105%
44 .5419
18% >19%
35'/*
;i
21
217/a
*42%
'>,4 44
.*39
18%
•100
•28%
•81
,
•:
38%
39
103
40%
•17
103
f-'irvVA
i
'•
'
'
28
28
28%
-■■15%
v-
38%
*80
103
22%
39%
39%
10%
0%
4r
.■
Reeves
8%
8
-8%.
> 14%
>
8%
273/4
26%
28
111%
4> 4r *111 y8
112
22
23%
21%
*102
104%
A
>-■
:
4
31
113
•'
31% '.,33 %•->'
5324:
;44
1163/4 "
'
116
4
> *14%
15%
>
■A
39%:
393s
104%
*104
21%
1
7%
7%
4' 8%
*52
55
27%
27%
8
19
14%
50
20%
14%
7%
19
7%
7%
7%
73/8
19
19
52%
523/4
19%. ;
51% 5552;':4:fl>4 ;;
253/4
X253A
5
;
Reynolds
(R J)
40
Preferred
2,200
Rheem
5,100
133/4 Oct
10
16% Oct
125% Jan
17
14% Sep
7% Oct
No par
25%
253/4
253/4
V
1
4
Royal
V
Typewriter
1,400
Ruppert,
46%
DM
28%
Jan
DM
137
Jun
69% July
v
Oct
143
Dm
17
Jan
31%
Sep
Jacob
22% Jan
90% Jan
Dm
2^ Feb
7% Aug
16
19%
Jan
102%
Jan
31% May 28
110% Jan
3
19
11%
87%
15%
Jan
98
Jan
14%
Jan
31%
Jan
40
37% Mar
09% Sep
16% Mar
106
V
y 18% NOV
45% Jan
136
15
Jan
lfl
28V4Feb
16
46% Jun
6
.
••
50% July 31
1083/4 Feb 25
20
9
38
Jun
10
Nov
37
Dec
10'A
16% Jan
6% Aug
19 % Apr
6ya Oct
Oct
V
,
13 y2 Feb
5
30% Jun
30
40% Sep 10
21% Oct 10
No par
5
10
17
Apr 29
3
65
34% Jan
Jan
33
9
117% DM
23% Dec
Oct
46% Nov
Dm
26%
Dec
31
DM
12%
V
Dec
29% Nov
Mar
21
May 29
Oct
110
44
-
Dec
Nov
24%
Jan
20% May 28
9
33%
115
Jan
25
°ct
DM
Apr 20
118
f
10
Oct
29
>18% Dm
21
40% Feb
,
36% DM
102% Aug
19% Jan
123A Oct 10
1
(The)
Ofct 17
101 y2 Sep
20
Feb
100
1,500
,
36% Jan
45% Apr 22 v
273/4 Mayll.V
36y4Sep 11
43 < Feb 18
-
253/4
10
1 %/13
10
series
•
97
Sep 25
24 y2 Sep 11
105y4Sep 11
100
100
Mfg Co
Co
38% Jun
29% Mar
60% Deo
Mar
11%
102%
4
24% Apr
8
177/8 Feb 25
10
18
No par
Tob class B
10
13% Oct
107%
Ritter
Ruberoid
\
20 : '
24% Oct
10
100
10
700
,
-V V;::'
;
v.-.__1
83A Nov 13
Oil Corp
No par
Company •
No par
Roan Antelope Copper Mines
y;/>: 5i;;> ,siy2
Jan
Nov
15
76V2 Sep 20
27V2 Jan
7
Deo
43% DM
19% Jan
43
9
No par
A
ser
Brass.
3.60%
34%
9
4
17
6,700
•
25
46% Jan
Richfield
200
Mar
31
Apr
112% Feb
50c
jSV Common -i
400
16
6
Spring
Reynolds
•
19%
19
Corp
preferred
conv
800
28%
7%-'
"
4
5%%
14%
14%
•'
preferred
Reynolds Metals Co
21
*28
28%
&
6,200
%>v^I
103%
20
-K
>5%%
100
50
103%
15
*28
:39
Coper
May 14
33
V' 83
Oct 36
101 ■ May 18
:__t V 32%, Mar l3 /
50y4 Jun
3
25
V100
Oct 14
105% Apr • 3 J:
1
20
Oct-' 9 ;/
3478 July 19
preferred
conv
Revere
5,100
•14% ;■;•/>:
14%
$1
18% DM
111
100
warrants
S-".-:
103.
July
Aug
39
,
Jan
33
Sep
99
No par
Inc
A
19
Jan
7% Mar
6
49% Feb
r 16%; Oct 10
Co—No par
series
with
Motors,
10
11 V
100
1st pfd
Republic Steel Corp
6% conv prior pfd
14,300
32%:
*49
21%
143/4
29
V
200
,t-
115
38%
104
21
14%
::
50
*103
1033/4
♦28
27
32
*114%
39
50
X20%
;5 53>>:
26%
323/a
1143/4
143/a
19%
ff
31%
1143/4
9
28% Apr 24
112y2 Feb. 11
50c
& Co
Republic Aviation
Republic Pictures
105
*103
5
383/4
•,> :•
4
454/
53
19
18%
4
153/a
28
105
5,
.
|
22
36% Oct
Inc
Bros
(Robt)
Preferred
Reo
!>>.25,600
27%
53% Jun 20
100
Conv
200
13,400
112
22%
22%
15%
1033/4
21%
15
21%
*103
■■
14
263/e
Apr
33% Feb
•
__5
pfd 2lA%
Remington-Rand
90
8%
5,100
:;14 ;>.>■/• 3,100
•111 y8
27%
112 ■•.;>::•
*111%
39%
*49
28 "
30
14%
-
4-26%
9%
•
;
10
Reliable'Stores Corp
2,400
8
"383/4
104
21%
32 ;
116
8%
*14%
-
39%
104
4l5»fe
14%
31%
50
-
*
9%
14
- :
'A
104%
*114
-
.
15%
15%
39%
217/a
< *28
116
•4 ••'•"'4*49
49
49
104% 4'
14%
27
9%
8
21%-4 >4
21%
•103
'■ ;
9%
-
112
*118%
23%
♦102
8
:";4.14 >:
A/; 263/a
14% -14% '
14 %
27 %
111%
8
;
9%
19
Sep
■
preferred—50 V
Reliance Manufacturing
-
3,000
-
103
23%
'5'': V"
10%
8%
163/4 Sep
40
50
Hosiery
-
410%
15
2nd
500
.
;;; A
; 32% Nov
non-cum
2,100
83
;
25
;
,
Preferred
Reis
16
*101%
4
23%
.
33% Sep
17'A Sep
1st preferred____50
7,900
29%
.
103y8 Oct
No par
non-cum
1044>>:::V;;;
15%'
pfd—100
3%%
Reading Company
Real Silk
23
1
Co
>>4%
V
Jan
96 y8 Mar 19
10 "
15 y8 Oct
Manhattan
Rayonier Inc
$2 preferred
100
15
;
*29
39
♦101%
-
4'
-
83
23
223A
*97
.
153/4
"•80
103
.103
23%
100
38 3/8
38%
39%-
23%
*96
15%
> 14%
15
14%
3
83
83
4
14%
.
8Vb Oct 10
77
Sep 24
1
4%
"
18
110
Raybestos
500
of Amer
No par
1st preferred—.No par
Purina
Ralston
2,300
4 44'':■)-'•> .;> >
•39
40%
17%
17%
♦105
: 110
■■■
*41
40%
*17%
20%
20%
conv
500
r
.19% '.!> // 9,800
33%
? 2,200
i
Corp
$3.50
Radio-Keith-Orpheum
210
35%
32%
20%
*105
104
*97
19
4
44
*333/4
173/a
14%
-
83
38%
20
*41
:
*105 ?> 110
153/8
•102%
20
43%:
*37%
;
:
104
■
•4
.
- :
23%
23%
•
18%
83
83
-103
A; 4'v ?19%:
43%
'•.
.
; 29, " •
28%
29
15%
16% V >5;". 15%;
-
29
16% 16%
19%
106
35%
.
34%
109%
.
14%
■
V
18%
34
40%
*105
14%
102-
14%
•98
193/8
34%/.; :•'
21%
*17
109 7/8
18
34%
'•44
.
10
•:/
106
35%
35%
*40
-40%
*16%
*105
35%
20
'-^
20%
•■45./;
46
16
16%
106
106
f
'
4>
97/s
4 4*82%
83%".
16
4 .>
36%
ft.
.10%
a 83
5
16 %
•105% 107
*
36%
36%
107
3»:>>r,
35%
V
97/a
10%
83%
;> 16
.
86%
36 %
9%
83%
•
:
16%;.:, a
16%
*105%
107
36 >/4
&
10%
84
83%
.
16%
V
Sep
48.
Oct
34
Deo
%'.7:
LOW AND HIGH SALE PRICES
Monday
Saturday
Tuesday >
Thursday
Nov. 13
Nov. 14
tper share
$ per share
$ per share
tper share
.
'
Sales for
~
STOCKS
NEW YORK STOCK
the Week
EXCHANGE
T*
Wednesday
Nov. 12
Nov* 11
Nov. 9
Friday
Nov. 15
1 per share
'
v'"
Shares
tper share
•
Range for Previous
Range Since January 1V
Lowest
Highest
/;
t per share
Par
Year 1945
Lowest
S per share
$ per share
■
Highest
Sper share
S
v5r
,
24%
24%
*113%
113%
•113%
54%
24%
24%
113'/a
113%
1123/8
10%
10%
10%
114%
11%
11%
10%
11%
STOCK
44 %
EXCHANGE
103%
61 y4
45
103 y4
102
59
63
45%
103
CLOSED
102
102
25
102
6iy4
•44
54%
55
243/8 4
24 %
24%
112%
•112%
113 y4
130
10%
-
10%
10%
1,500
62 y#
28,600
20%
21%
20%
50%
51
49
51%
25
24%
25'/4
7%
> 7%
7
39%
37%
38%
13
12%
12%
73A
38 3A
39
38%
12%
13
£ 12%
20%
21%
48%
50 V*
24
-
24%
46
45%
103
*101%
102
60 y4
62%
45%
•102
103 "A
102
21%
60%
457/8;
♦102%
*24%
>'•7%
543A
;
4,100
H
St Joseph
3,500
Safeway Stores
<
46%
•102%
♦14% J15%
14%
101%,
2iyft
21%
21%
22 y9
50%
51 y4
24
24 y4
#>♦?>>
7%
38%
123/4,
37%
38%
12
12%
15
14%
15
.7
-7%
38
12%
50
51
15
15
7
*14%
5%
700
28,400
6,300
*14%
15
•107 ys
109
15%
109%
19%
19
19%
18%
19%
19%
19%
31%
28%
31
32
313/8
32
28%
283/*-
28 3A
29%
18%
19%
32
31%
32%
30%
28%
90 44
28%
29
28
84
•78 :
r
•78
20%
20
20
*67
143/4
108
-
15%
108
*78
83
20 3/4
83
20%
72
•67
"
30%
9%
9%
'4,. 9%
>,"• 6:,4
v
•
7%
93A
•49
10
■"
93/4
8%
•
51
50
.
7%
35%
50
I
Steel
Shattuck
/ 8,900
Shell
Sheraton
7
7,400
Silver
36
2,400
Simmons
50
50
300
■<%
No par
15
of
America
1
5
No par
Simonds Saw & Steel
> 15%
153/4
444
15
15% 4
4; 15%
15%
64
64
"4
65%
65'A
& 65
65
;5
1,000
17
163/4
17
16%
17%
...
2,400
--Sloss-Sheffield
*22%
23
•22%
23
*22 %
23%
52
53
No par
i.
i Skelly Oil Co—
16%
23
51%-
'
> *32
33
:
■
15
32%
Xl4%
•
-
t&y. 5 4'?
4 5%
5
;
8%
8%
*52%
53%
•42%
43%
54 :::
54
4
4;
40%
423/a
r4
82
263A
4 45
x40 44 41% 4 >V 40%
46%
44%
46 y8
69
13%
•96
39%
13
68
;
y«;
69
,
82
*78
*19%
6%
*38%
13
123A
*96
21
16%
21%
17%
20%
17'A
16
163/4
91%
91
91
90%
63/s
123A
*123/4
40
21%
93%
95
54%
54
54%
40%
40 y4
J 39%
67 y4
67%
673/4
24%'
24%
24 y8
v»
95%
95%
;
*105%: 106%
For
footnotes
16
2,400
Square D
1,300
Squibb (E R) & Sons
$4 preferred
page
2563.
38%
39
39%
29%
29
313%
29%
31
85%
86 y2
85%
87
85%
87%
90%
92
92
94
92
95
/
54%
543/4
4
39%
40
653/a
66%
v/
39%
27%
40%
39%
40 %
68%
X65%
66%
24%
*110% 111%
24 y8
♦1053/4
243/a
107
:
24 y8
*1053/4
-
243/a
106
54%
39%
65%
245/a
25
40%
1053/4 1053/4
$6
2,500
3,100
54%
65
.
12,700
-
8,700
17,900
5,900
.100
171
30
.
.
Sep
10
.22% Jan
3
v
$7
Standard
•
Oil
of
of
Standard
Oil of
3%%
No par .'
Ohio
preferred series A
17% Mar
Oct
Nov
24% Oct
114
Jun
7% Sep
31% Deo
16% Jan
28
12% Mar
•
25% Nov
79% Nov
74
May
13% Jan
60
•'•;• 24
Deo
22% Nor
70% Nov
36% Dec
July
Aug
5% Mar
12% Dec
>32% Jan
30%
46% Deo
Feb
-44% Nov.
14% Aug
Jan
21% Dec
65% DM
41%
15
Aug
22% Jun
24% Jun
48%
96
22% Dec
Nov
5
1
Jan
20% July
13% Jan
4% Aug
Deo
40% Oct
18% Dec
7% Dec
4
fj,-60% Feb
593/4 Feb
:
9.
193
May
8
39% July
3
333A May 27
20% Aug
40 % Apr
155
26%
.17
36% Dec
60% Dec
180
Nov
37
Apr
Jan
Nov
Jan
24% Dec
70
Jun 27
38%
Jan
62
65
Jun 17
90% Jun 18
96
Feb 15
32%
Jan
64%
Jan
60% Deo
87% Dec
80%
11%
Jan
93
Jan
21% Dec
6% Mar
12% Dec
Oct
11
17
Sep
3
5% Oct 10
11% Oct 30
92
Sep
4
37
Sep
9
20
Oct 30
h
15
;
Oct
30
84% Sep 17
15% Sep 10
33% Feb 21
107 % Oct
2
..
35% Oct 30
20% Oct 10
70
Oct 10
K
No par
25
10
100
*
73
'
No par
Calif—-No par
25
Oil
Oil of New Jersey
14% Dec
Oct
33
Sep 23
64% Oct 30
1
Indiana
Standard
Standard
Dec
38% Oct 10
^
5
preferred
prior preferred—
2
5
-No par
prior
14
Oct
y
No par
1
common
Dec
71%
40
107%
24% Apr 17 '
10
V 48% Sep 24
2
preferred
Nov
30V2 Mar
5
1
Co
37
30% Nov
35%
8
48
May 13)
13% Oct 30 -18% Jun 3
4% Sep
9
83A May 11
8 y
Standard Brands, Inc..No par
Standard G Si E Co $4 pref__No par
2,900
51,600
'
$4.50
Nov
—
.
100
Sperry Corp (The)
Spiegel Inc
190
:
—__No par
42%
383/4
54%
*1053/4 107
see
110% 110%
X53%
preferred
42%
111%
89%
$5.50
29
17
29% Sep 20
/
No par
1
Spencer Kellogg & Sons
243/8 Jan
113% May
'
91 , Jan 15
10 P .*55% May 27
101% Sep 26
108
July 11
100
ctfs
Spear & Co
900
15%
*110%
303/4
300
Conv
111%
28%
stk tr
'180
111%
88%
preferred
8,500
42 3/4
88%
Ohio
9,200
15%
30 %
&
61% Nov
Sep
No par
90J/2
423/4
X38%
Mobile
1
Oct
No par
Spalding (A G) & Bros Inc
Sparks Withington
1003/4
42
VV 36
7.50
Railway
non-cum
163A
16%
7
Southern
••
>
—25
Co
21%
42
393/4
Pacific
16i/e
15%
39
Southern
5%
10
100
Natural Gas Co
Sep 23
20
No par
Edison
Feb
65% Oct
22% Aug
.7
Mar
18
17% Feb 8
49% Apr
9
233A May 11
223/4 July 11
*39% Apr
Sep 24
21
1
Greyhound Lines
California
Oct 30
Sep 19
Jan
2
,
100
preferred
90%
42
28%
14% Dec
X42%
.
50
20%
43%
'
20
Platinum
16%
16%
38%
*88
Oct
8% Mar
.
Typewriter.No par
Co Inc
15
16%
x
16
38
Nov
28
1.15% Mar
Aug 14
17% Oct 10
32% Apr 18
23% Oct 10 ■<
40% Feb 16
23
Jan
4
39% May 11
77
Jan
2 V. 91% May 18 "
■
17% Sep 19
26% Apr 29
:
64
Sep/20 V 87
May 16
1 27% Feb 26
43% Jun
3
8% Oct 28
17% July 1
xP 5% Oct 10
>14% Feb
6
33% Oct 30
567/a Jun
3
383/4 Jan / 8
61
May 31
>15
Oct 10
203A Jan 11
-.V 54- Jan 28 / 85% Jun
7
14
Sep 19
27% Feb- 16
Oil
&
7 ^
108
E & G Co when dist_7.50
Southern
1,300
2,300
2,700
Gold
*90 %
;
43%
111%
A
40
.
Iron
preferred
Southern
14,900
II,700
13
*96
16%
111%
■
700
6'/a
90%
15%
'
I,900
193/8
44
16%
*43 y4
Corona
Southeastern
81
19%
63A
393/4
90%
21%
4
69
100 3/4
&
South Porto Rico Sugar
8%
42%
20%
40
16%
*76
4;
5%
175
4:39%
1003/4
21
77-41 >.
67%
20
63/a
4
82
19%
*90*4
54%
42
6%
♦96
40
21
>
*123/4
1003/4
39%
ii,
45%
&
Sth Carol
1,000
26 3A
54
15
Socony Vacuum
500
-
263A
44
Smith
1
;-r
r:
263A
-
•
No par
Steel
preferred
cum
5,100
263A
*26
53%
*170
37/2%
8%
33
*76
-
35,300
53%
*41% f 42
•>
Corp
(A O) Corp
(A). & Sons Carpet Co
Smith
3,900. ./South Am
32%
53%
19%
4
7
,
*52'A j
Oil
43%
32
193/4
63A
13 V
1003/4
•4
69%
193/4
63/a
V
42%
♦77
20
39%
463/8
,r
69%
*76 r: 4. 82
13%
.
8% 4
8%
53%
41
Smith
•
200.
14%,
,
32
v
41
8
?•
*52%
*41%
4%
32%
27
453/8
4
8 %"
53%
32
14%'
54
263/4
46%
*96
*31
4
5
2,100
1,100
50
37%
175
263/4
45%
-4%
.4.
53
;
:
54
4.4- 31.%
6%
14%
44
5
175
33%
20
32%
143/a
37
•100% 102
•170
*
.
33
70
*31%
14%
42%
42
53
•170
33%
*69'A
66
19% July
110% July
102 »A Nov
7
V 37% Jan 16
773AFeb
8
Oct 30
if 13% Oct 10 y
V; 12% Oct 10 •
$1.20. preferred >«_——No par
x67y8
54
175
,
8%
'
•52%
43%
>
♦170
175
*26
53
37%
37%
.'4 £100% 102-4:
102
"
8%'
33%
51%
37%
37
102
,
32%
143/4
53%
*53
*170'
51%
• .4'
A,: 44
/v.':
.
44- 43%
102
32 %
4
■
8% 4
38
101%
14% >15
5%
5%
*52%
52%
51%
> 38
37%
101%
Sinclair
15,100
I
No par
Pen Co
Co.
15%
37%
>
A
ser
King Coalition Mines
15%:
51%
4
.'
No par
—No par
No par
Oil
Corp
*
63/4
,.35%
-
36
1
Gas
(W A)
Union
/■.
1
(Frank G)
Sheaffer
30
5 /V 11
Corp
633/4(
*100%
Jan
*
Jan 28-
100
> 37
Mar 30
Oct t 9 V 61" July 11
7
110% Jun 2a
23
No par
it
15%
•22%
64
May f
34% May 29
116
18
17% Sep 24
42
Sep 24
Nonpar
Dohme
$3.50 conv pref
2,600
9%
Co
common
Sharpe
42
,100
No par
6
preferred
Sharon
ft 900
29%
9%
6%
Inc
$4.50
15%
;
*
V 100% Oct 28
A
-
&
63%
5:
4
101% Oct
Del-
Oil Co pf
Shamrock Oil ft
70
429%
35%
Servel
s
10,800
4,600
2,400
20%
*64
30,
preferred series
Roebuck
55% Oct
No par r;:
No par
Seeger-Sunbeam Corp
Seiberling Rubber Co
83
7-
20%
70
29%
36%
50
*48
30%
> 35%
7%-
535%
35%
*64
72
30%
*78
20%
'
30
Sep
22% Oct 10
110% Sep 11
V 10% Sep 19
1.75
Corp
Co
Seagrave Corp
/Sears
130
15
32 .,4-
>
;; -45
V
5
Distillers
Paper
Seaboard
2,100
3,300
109
19%
*78
Corp
Scovill Mfg Co. 3.65% cum pfd_lG0
Seaboard Air Line vtc__^._
No par
2,500
3,200
u "
15%
♦108
109%
28%
;
5
_100
$3.40 cum pfd
11,400
Mj
% U4MMV*
7
Scott
200
101%
101%
109%
15%
153/4
15%
Arms
Schenley
700
160
103
"
•108
._10
-
preferred
Savage
'
11%
5%
Lead
"
62%
44%
•102%
61%
44'54 44
54
& 24 Mr
54
24%:
,
78
Oct 10
42% Feb 26
37
Feb 26
62
Sep 20
20% Mar 6
xl05% Sep 26
30%
13%
27
104
Apr 23
Jan
May
July
51
May
40% Jan
39% Apr
109 % Apr
24% Apr
55
May
116
29
13
16
24
30
10
10
25
10
Mar 9
May 13
55
60% May
135% Apr
149 k Apr
59% Aug
49 A May
78 A May
July
30
.Tan
108 k
28
5
6
13
31
13
11
17
7%
Feb
Mar
27%
20
Jan
80
32
Jan
12% Mar
76%
Jan
39
Deo
107% July
:
Nov
Dec
Dec
95
Sep
44% Nov
39
Dec
23% Dec
99% Nov
40% Dec
116-
Dec
2%
Jan
Jan
67 V*
Jan
121
78%
Jan
38%
Jan
33%
Jan
134% Dec
49% Dec
44% Dec
56
Jan
28
49% Dec
33% Nov
Dec
68% Nov
19% Aug
27
Oct
Dec
108
Nov
105%
THE COMMERCIAL & FINANCIAL CHRONICLE
2562
YORK STOCK RECORD
NEW
STOCKS
LOW AND HIGH SALE PRICES
1
Tuesday
$ per
$ per share
1374
"
1974
1974
48%
49
*103
18%
> X47%
104%
15%
16
v
24
25
>>
17%
22%
14
1474
14 y4
1077a
♦106%
107%
*106%
*b5
65
65
21%
17%
177a
177a
17%
173/4
21
20 3/a
213/a
207a
213/a
14%
133/4i
137a
1374
13%
3,600
10772
*10Cs/8;
107%
♦1067a
66
667af
122
1213/4
66
♦120.
122%
67
67
>"
8
46%
44
45
4474
13%
12%
137a
12%
12%
127a!
1274
20%
19%
20
114
*41
43
*42
43
*16%
1774
♦40 >
•1
34%
27%
21%
♦105%
105%
87a
8%
series
Oil
127a Oct
preferred__.No par
A
103 5/a Sep
17
Co___-
"Class
A
i___,__2Vo par
Sunray
pfd
Oil
(4Va% 'cum)
;■'/>:
443/a ;>
16% •>•
117-
>4?
24
:
44%
4474
167a
500
16 ya
Sutherland
173/4 Oct
102
»«_J_.____a00'
36:
.
>
Paper Co
6%
C
Sweetts
'■
34
337a
33 %
>
26% >,: >■•
27
27
i
22
217a
22%
77a
■
$%
-8
V/
V"
•I
>
104
♦102
103% 104
s
3,300
Co
of
38
Amer (Thei.___4.1673
103
%;>
Swift
7,100
■
Ltd__:__>__j^_^
Prod's Inc>___No par
Elec
217a Oct .30
41
$4 preferred_______T___i__No.ipar
Symington Gould Corp___I
^__l
5,000
8%
55% Apr
Jan 21
73% Nov
Oct
1277a Mar
5% Aug
97a
Mar
Dec
25%
Dec
33
Dec
22
Aug
79 >
Jan
*
137
25
Jan
:
40
31
Aug
30%
18
Dec
109,
Apr
;
i
Dec
Dec
,
-
24%
Dec
39%
Nov
Aug 22
417a Feb
26
77a Oct 10
Dec
Dec
10
5
36 7« Jan 28
101 a/4 fc>ep
>
Dec
18%
Aug
119%
Apr
21
Internatienal
Sylvania
60
103
,
"874
>
,
'
5
13% Sep a i
31.
Sep 23
2574 Nov .14
•
Swift
9,700
;
u
Mar
(
300
dO
NOV
,
33%
57
18
353/4 May 29
160
May 24
€5 > Aug 21
10
Oct
24
;
109
14
May 28
56% Aug 12
10
.Superior 1 Steel Corp
.;
18% Jan
124% Aug 13
10
Superheater Co (The)
par
Superior Oil of :Calif_i__'____L-J-25
■> *38
28% Deo
>22
Oct
1674 Nov
10
Nov.
106
Jan
73/b Oct
Dec
45-"/Oct-
.•
Jan
10 3/a Oct
Inc
Dec
25% Dec
107/a
May 17
78% Jun 10
18
20%
47
Jan
16
187a
42 7t Sep
4,200
200
Apr
>
10 %' Jan
13
12.50
Mining
-
Jan i
Aug
3474 July
101% Sep
31'
Co_„__^-_«_.^10c
Corp
Biscuits
Sunshine
1974
Aug 26
May 10
110
617? Sep 26
100'
Sunshine
107%
9%
34
24% May 28
10
8,200
227a
34
x26
21%
83/b
Sun
1
;
Corp
2,300
27
'
1057a
21%
105
?<■
16%
333/4
28.:
23
21%
Chemical
"
347a
34%
287b
347*
*28
16%
17%
Sun
1274
185/s
16
Feb
Corp
■$ per share
.
4
14
/
Highest
y
233/4 Apr 17
387a July 1
Webster
44%
1077B
.
44
*44
,
>l'.'
;
•
Jun
'/a Aug 15
123/3
42
*39
44
vi
43
42%
♦16%
43
*39
43 y
110
110
112
*108.
U
Studebaker
19,700
8
77/B
vFeb
'4
44
r
18%
.-197#
19%
>18%
i
112
♦108
*108
874
87s
8%
8%
8%
12
193/4
♦1207b
87a
46
44
46
83/b
46
Stone
20
■■■'
25
66
W
Drug Inc
preferred' >
$4.50
122
Ttfrttf
Year 1V45
$ per share
3/4' May 13
1,300
68%
..
tl&L
.
1
1213/4
1
10/
Jun
—•rv-—....
preferred
(The) L S
3/a May
1077a
:21
.
>11 '..Oct
1
$ per share.
,
1
Lowest
Stokley-Van
5
5% prior
>>":> 3,300
\
'■ 20,700
-
> X20
67
.
♦120
122 7b
*1207/b
C
Spring
f;
Highest
Stewart-Warner
,
>
500
17%
14%
-
Lowest
'/ Sterling
24
,
Range Since January 1
>?>
;> Sterchi Bros Stores
3,400
15
,
,
21%
21%
17%
20%
21%
c
24
♦213/a
Steel
conv
3 7a
♦106%
177b
2174
217a
4%
Starrett Co
roo
13%
173/8
I
104 3/a
1574
16%'
25%
Standard
2,800
48
STOCK
> $ per share
100
*10.<
YORK
EXCHANGE
900
20
NEW
•
4,700
>
48%
;
25
20%
*21%
13
193/4
104%
♦103
Range for Previous
Shares
39
19%
lev*
CLOSED
2574
?
$ per share
40
137a
40
,
.Sales for
lite Week
397a
38%
40
;
-
; ■
Nov. 15
♦38 7a
13%
13%
..
20
49%
48%
EXCHANGE
1674
-
14%
>
Friday
V";
:
$ per share
$ per share
39
1974
■
.
Nov. 14
4178
39
STOCK
10474
16
":'i
*41
42
25%
i/
13%
39 7a
*103
y
$ per share
share'
13%
39
*40
Nov. 13
Nov. 11
Nov. 9
>
/ Thursday
Wednesday
Nov. 13
Monday
Saturday
Monday, November 18, 1946'
'Feb
31% Mar
29
1097a Aug 20
16%'Jan 28
Apr
38% May
43% NOV
"77*
11
Jan
*13% "D0C
v.K*
T
/>>>■>>
'
*7%
♦77a >•'"
8
16%
17
■7%
16%
>16%
587a
58%
117b
117b
53
53
5374
58s/b
58%
227*
157*
1574
49
54
53
173/4
■11%
5774
58
•577b
~
*15
•143/4
"1574
43
427b
43
1
*103 7a
105
105
'
37
147B
36
>
•
■
106 j
106
■
19 7b
1974
187a
197a
43 74
•43%
447a
:> "147a
14 3/8
"1474
17 7*
267a
>17 >
is
7
77a
11174
,♦110
*17
17
40%
40
105 V*
18
437a
42
147b >14%
147a
25%
267a
>
17%
157a
15 s%
50
50
'.♦47%
49 7»
♦487a
13';
13
125/a
16
15%
*50
50 7b
*1374
1374
13 :>
.
Roller
100
800
■
4074
11,600
500.
52
106
100
::16>>>>
153%
800
487a
•
>>: 127a .137a
'
48%.
137a
"
'
17
*104 7a
>
8,700
,
> 11174
393%
49%:
300
7%
67a
:
270
:
1,700
.
Nov. 9
>:>
3 per share r.
Monday
> .NOV. 11-
y
Tuesday
,
Nav. 14
Nov. 1.3
%r
t per share
$ per share
•'
Thursday
Wednesday :'
>
;
Nov. 12
>;>>•
Jan
.18
par -
22
2b % May
65
Bearing
10
30%
May 28
.
* per
$ per share
$ per share
Friday'.
Nov. 15
1
shale ,'j
>
20% Jun
.21% May 14
.13
18
,45
: n
53
537b
13
12 7b
283/4- ••••29
'♦113
112
1057B
*104
287a
12%
>
>'•
2974
907a
*10774
112"
♦104..
12%
43
••
287a
27%
*113%
112
lQ53/a
104
104
•
1067a Oct
13%-Jan
29
68
29
213/4
2274
1293/4
130
:
*10674
10774
*36 3/8
377a
37%
373/4
21%
213/4
2is/s
> 125
131"
107%
125
1267a
*106%
60
126
>
Oct .'8
Jan
47a
12874
:
1057a
3774
:
*36 7a
'
16%
101
15
'
Oil
Union
Pacific
400
37%J
187a
197a
18%
im
*10678
107 3/8
♦1067a
107 3%
*106%
1087a
227a
2374
2278
247a
21%
44 1
22%
183/4
19
70
•
«
X447s
45
*44 7B
26
26
•26
70
'44
■
:
*26
277a
'75/a
44
6774
277a
>
7%
2272
;'*43-
.
10774 '
m
437a
-
€8
*27
27
774
43 7a;
68
>
>
7%
»
30
73/B
.
20,400
;
Mar
Jan
79
>:>>■••
United-Carr
200
77b
United
14,200
'
"
*80
•79'
82
37/a
37a
4
*467B >-47v:>
.
>81%
47a
*79
378
3%
3%
'463/4
45%
4674
10, '
*88
90%
/
147B
*38 7a
397a
48
237a
237/8
95/a
9=/«
>>'• 97b
97*
903/4
*917a
92%
137a
Ws'
13 7a
13%.
'13
,
.137B
1,500
39
>
39
39
39
>
*38
?>
4774
487a
4774
48»/a
477a
23%
>'■' 14
24'.•'';
237b
237a
233/4
2374
147a
13
13%
147b
14%
1077a
10
11%
>♦11%
97b
♦1067a
ll3/4
1074
*11 7B
V
487b
103/B
1077a
11%
*106 7a
1274
*12
93/4 /■ 97a
1077a
>
974
1067a
> *12 >'■•
12%
.103/4
107*
i.,
>
47%'
:237b
>' 33
Dec
5
29
8"
-
Fast
Corp
102
10
common
$3 preference
United
United
United
2,100
..
Engineering & ' Fdy_:—.—'5
Gas
par
Improvement
Co__13%
■
14%^;/
27,700
10
1067a
127a.
700-
:
29,000
10%%
& Mfr3 Inc
com_rr.^l
5% preferred
....^..^..../.lOO
United Paperboard
___10
Merch
United
•
;
18
r
187B
!
18%
'•'? 104
"105
105
15%
*15
15%
>
106
105
*192
1957a
*192
108
34
34
>'33%
*92
94
*92
42'74
427a
97a
97a
4274
•9
>
30%
♦29
297a
197a
104
<
:
>r
>f
157a
110
'18%
17%
104
*102
157a
•::-
>
18
109
-
110
15
IB
18%
-
> 101
■.
157a
102
•:>> >>101
15
■
1097b
>
:>
110
♦14%
111
-
18%
•101
United Rexall/Drug -Inc.l
111
*192
,
„
'•>>•> *188 >' 195 '
34 >>»
33
33 /-•>;
337b
33% >» 34 ';•; 34'%
94
94 •> >84:>:
91
92
150
;>
907b
90%- >
4274
41 % - >/
41 >■• •417a
4174
I /•::
403,;
413/a v
2,500
;> ' -*9 >
97a
«7b
9 3/a :;C'>:■
9
«7a
>>
9
1,000
29 3/4
■' ••i *2874
29
♦28
29 ■v:>-;
♦28
29 .>'> »
600
197b
18%
1874
C 18 %
18%
187a
18% >
6,100
1957b
192
■
-
-
192
-
•
U
U
> :
U
U
■
'
18%
187a
•10
10
187/a
♦10
4074
*40
40
73
*70
72
56
557B
577b
•104
105
♦104
56%
573/3
♦156
567b
158%
158
107b
41
-
10
>4 10
•■> •V
39%
73
40 y2
X68 7b
587a
587a
157
X54y2
157
55%
104
*102
"57
;.C-'C
*10
71
55%
104
557b
158
♦65 7b
557b
104
>'
39%--
38%
687a
55
.
105
•10%
*10
•155
543/4
*102
55%
54
157
4274
47
45
47%
767B
75
>
75
7274
7-3 7a
7174
74%
149 74
14874
44
1483/a
227B
227B
*22 7a.
22
50
♦48
*48
50
6%
674
87B
9,
♦1027B
*6
105
87a
44 3/4
*74%
*14778
76%
7274
70%
148
%
148
-
•155
2274
22%
6%
87/a
X53/4
874
•
72
1,100
•
400
55%
2,800
104
-
20
55%
11,700
158
•U
42
Oct
62%
Dec
29
14% Jan
25%
Deo
"TRahfeforFrevifMn
>>
"Year 1946
/JLwvest
U
U
>
i.2.50
Sep
^
3
62
Sep:20
> 23% Oct 14
13
Oct
1
> 35-% Oct ,11
4172 Oct TO
t 187/b Oct 10
> 12 74 Oct 30
> 104 72 Oct 10
•
• 93/« Sep 25
-
.
497b-'
43%
4572
♦75 74
76%
U
72%
31,400
11%
73
5%
8%
•'"
148
223/4
5%
874
70%
147
49%
5%
8%
>•>
.
'22%
49
49%
57/a
67a
6
1,500
:
I
600
4,700
....
10
preferred.„100
Smelting Ref & Min
50
U -S
...i__50
Steel
Corp
S
7%
Tobacco
Co
;non-cum
United
United
common
'
Preferred
U
.___1
100
1st
non-cum
Preferred
-150
'
8%
U 8
600
•
2274
223/4
,
148
6,700
Rubber Co
S
8%
100
1477B
*49"
'>
45%
Plywood Corp
cum pfd series A.
33/4%
preferred
Stocky&rds Corp
Stores
$4.20 >non-c
Nopar
100
Sep 9
Sep
9
Feb 26
Sep 25
59
41
100
517a Sep 19
155
Sep 24
4074 Oct 30
x72
Sep
65 7a Oct
144
Sep
26
10
11
78% Jan
For
footnotes
see
page
2563.
►-i 00
104 7a
♦100%
1047a
*101
105
*103
106
■
—-
$6 conv preferred
Jan
Jan
151
Jan
112%
Dec
29
Aug
45%
Nov
Aug
Sep
8
•■. ■■■ '■■'
>
28
25
Jan
18
104
8
317a
77a Jan
Dec
38%
Dec
Dec
>62%
Dec
>40
66
Jan
267a
,
.
•
Nov
120
Jan
22% Mar
57 7* May 10
017a.Apr 23
40 'May
1
>1774 Apr 12
89
Sep
5
-
27% Dec
■/
547* Jan
31% Jan
Jan
Feb
36
Dec
7% July
13
Dec
l~5 'no-;
1% Jan
29
Deo
*82 "
56% July 25
387?
Jan
50 8A
Nov
163/4 Aug 13
97a
Jan
14%
Jun
Jan
188%
Jun
103/4 May
17;%
Pec
66
1057a Aug 23
> 21% Feb 16
>5ft
-
Jan
28.;
,33%
Jan
62% Deo
53% Aug 26
30% Apr
,22
110
13% Jan
10
Nor
.25
Aug 15
Jan
1067a
23
'
112*
Oct
Nov
13%
67a Mar
15% July 11
v.
Dec
-18% May 17
11%
t.
Oct
/
16%
Apr
>
107% Nov
; 28
Nov
29
77
Jan
>
115
11
77
20
22,,.
22
29
13%
29
307i Mar
'
80
187
Oct
.
38%
M
Jan
6% Mar
46
Deo
Deo
39
Deo
;16% Deo
35 > Jan
:
—
-
;
57
Dec
67
-
•
Jan
27% Jun
*•••••
65%
>■
Nov
48%
Dec
25
Jan
6
144'%
Jan
Feb
Deo
12%
:
Jan
51%
Feb
Dec
34% Nov
ii*
—
-
,
115%
,
Jan
Apr 22
847b Feb
89
5
Jan
'
7%
21
>60% May 31
84
Apr 24
677a May
>26% Dec
1037a
2
117a July 23
106
Jan
29
2
6
11
973/a Feb
6
Feb 16
166
293/4 Jan 14
73%
Jan
77 Vb
72
Jan
89
Jan
Jan
160
Deo
Oct
857«
58%
135'%
Oct
Oct
176
52
«
Deo
Nov
23 Ya
Aug
32
Nov
557a Jun
17
46
Sep -('•
5074
Dec
93A Jan
28
4
Jan
87/a
Dec
20% Apr
10
47a
Jan
165/a
Deo
Jan
24
98%
Jan
12174
Deo
48
—No par
Dec
116;.
9
77a Oct 10
203% Oct 30
...25
Sep
43A Sep
'
•
102%
111% July
9
0 par
1
2d pfd_5
26% Oct
20%
119
^7a Oct- 30;
37
7lv «ct
14% Jan
loo3/*
42 7* Jan
7172 Mar 16
-
.
68% Jan
1097*
■
i
93/4 Sep 19
preferred
& Foundry
Playing Card Co_._i._..^..10
S
« per share
7
...
Pipe
8
Highest'
•..
1
$ per share
11
1687a Feb
—
S
Jan
Dec
16
12074 Mar 11
-20 > May
4
Freight Co
472%
400
'76%
4474
*75
'
49
1
U
?oo,
•
'
"
*75
;
37-7B .'38
♦657b
■>
10%
Jan
1077b Jun 28,
&
$4.50
U S
Dec
106%
1
32 7a May
Foreign Secur_;__/__NQ par
15% Oct 30
109% July
preferred
—Nopar .'-101
Novs 14
j
29 % Feb
I...
Nopar >'
13Va Oct 10 :
132 •
May
S Gypsum -Co^——U-20
> 93
SepT9
X205
Sep
1%
preferred /../../...../.lOO
192
Oct 28
t
473/s Apr
6 Hoffman Mach Corp__._4_._.8 :■?.
26
Feb 26
987b Aug
474"%' preferred
.100 > 90
Sep 26
82
May
S Industrial Chemicals—No par
397a Oct 30
> 13 % Jan
S Leather Co....—.—JVo par >> 6% Sep 24
44
Jan
Partic & conv cl A
Nopar >. 25
Sep 19
25% Aug
S Lines Co.'.i..^.....^.
J
1
13s/s Jan
2 ,
u- S
'
70
500'
1,900
>>>,
10C>- A > 900
>
"
195%
8,900
>
•>
15%'
Dec
56
30
'
f
Dec
45%
■.
16
Oct
111
14
6J/a Oct» 9
80
Oct 30
y/>3% Oct 10
44
Oct 14
.1
974 Nov 13
Cos..—J...5
Co
:
25
33 74 Feb 25
.'.100
Fruit
Dec
112%: Dec
>17
May
9%
30
Dec
<
10%
Jan
1074 Mar
347* Mar
May 29
125 ' Apr 18
1157b Jan 27
106
Sep 10
> 213/8 Nov 13
«Corp__1-^—No par
United Electrid Coal
23
26% Mar
11
11
Oct
66
Jan
103'
28!
39
3
.TO
TO '
18% Oct 30"
y,
Stores.—:_30c
conv/preferred./..^...3.90
Preferred
5,600
>
'
5
United Dyewood Corp...
300
39
'32'
^__i_10
Cigar-Whelan
'
13 5/8
24
1077B
"
39 :/
*
-
> 10
♦1067a
)
15
145/B
39
483/a
48%
♦1067B
-
>
2,300
903/4
•88
13-3/4
United
38,300
'
46%
••
91
9¥* > 9%
.
92
137a
'33/4
3%
46
> >$3.50
100
700
'
*13%
82 >>-%
*79
-
'
'.*88.;
.
82
37a
47
*9%
-
8174
>46%
467a
1074
.*9%
*82
;
Dec
Jan
803/4 May 27
8
110
Oct. 10
102 7a Oct 10
Biscuit Co„—_____No par
Carbon-Co——.—'
Nopar
United
Dec
187a
23% Apr
Jan
88
Sep
111
Jun
106/ Feb
104
Nov
21
Sep
__^100
Inc_
United
;
25
Sep
10
>
..;■
Air
800
Lines
a07%.Nof
Jan
28
.$ per share
-
United
•
400
t
'
1
United Aircraft Corp
5%
eonv preferred
100*
>
^
7
Sep: 24
non-cum
•'•''•:• •/,;:>->
19,900
,
.22%
>; 2i5/s
673/4
27
r
1974"
*106 7a
107:»
213/4
>€8> >68%
A
» 7% > 8 l>"
774
7%
447b
69 >•
70
>18%
19
183/«
107
$1% Jun
9
Nov;
.100
Co___
RR
:
9%
20
Highest
23
preferred
v.100
Union Tank Car-^-——,—:—Nopar
of
v
Apr
12
Galifori)ia______-L_25
Union
200 ;
4%
Nov
Jan
60
49
No par
series,
200
■
;
>>
;'
$3.50
66%
>112% Nov
14
2672 Jun
.
Co_„__x__5
4,600-
>
1067a
Ruber
No par
Union Carbide & Carb___i__No par
Un El Co of Mo pfd $4.50 ser No par
>
Preferred $3.70 series__L
Nopar'
Preferred
19% Dec
>>
Jan
31
24% Apr 20
Feb 20
112
4'
r
Nopar
& Paper
,
22
:
106%
•
210
105
*35 7a
37
x37
8,600
>2178
22"
127%
-
Union Bag
9174
*1067*
1067a
Union
4,500
112
/ *103
,
Asbestos
4,000 r
V /% Dee
64% Dec
>■■>"45% Mar
/
Underwood Corp
,
113%
1137a
*1077*
.
:
V
13
91
r
1137a
2,100
'277a '•'
27%
*107%-112
105%
*106 74
>.13>v
•
y.'-90Y>;'92 >;>>>
8074
1135/a
54% >
547*
>
'
22
21%
130
-
53% /54>
887a
:
•
>
2874
*107%
1057a
CLOSED
13
■
1135/a
913/4
113 »
113
STOCK
EXCHANGE
53
27%
>T3 >> 13%
.;.
:
'0074 •9174
113%
C
'..*10774
52%
533%
18% Dec
>>
July
12
'
537b
20% Jun
65% NOV
Jan
.69% Jun
112 3/4, Jun
t per share
Par
V Shares
>
31% Nov
;'f
Mar
j
lowest
~
Dec
>:'T% Nov
53% July
10% Aug
7
■
EXCHANGE
>'10%
'■}
Apr
9%
Feb 16
'»> flange &ince January 1
NEW YORK STOCK
"Sales for
the Week
'
.
Dec
Dec
62
Jan
8%
9
17% Feb 16
•70
1678 Oct ,10
—No par
:>
36% Jan
18% Aug
13% Jan
d-
10272 Oct
5
y
-
.307* May
■:>
17% Nov. 13 :
Axle
5
3
Dec.
13%
>/ 19% Dec
,J8 ' Sep
6
617a July 26
Oct 25
57e Oct 10
:
"July 11
60 3/4 Jun
32% Jun
.9
>;
7% Jan
»ST6CKS>;"'>:-'>>>>:>
LOW AND HIGH SALE PRICES
Saturday
6%
Oct
.
9,500
'
Jan
3874 Oct
9
66% Jan
ITransamerica Corp
____2
.•
13% Oct 10 > .21% May
Jan
Transcont'l & West Air Inc_«L5
24
Oct 30 > ' 71
Transue & Williams St'l-—No par
153/4 Oct 10
337a Feb
Tri-Continental Corp
i—.1': : 5%^Oct W <e>!l2% Jdn
Mar
/>• *$6
preferred
No par
105
Sep 25
114
Truax-Traer Corp ^
No par
16
Sep
9
.
225/a May
> 20th Cen Fox Film Oorp,;
Nopar
377s Oct ^30
63% May
$1.50 preferred
—No par
May
497a Jan
3
79
$4.50 prior pfd
JVo par
1027a Apr 23
..'106%. Jan
Twin City Rapid Transit
No par
117a Oct 10
24
Apr
5{&>honv prior pfd
#4
Oct
9;
71% Apr
Twm Coach Co,
; L2% Oct 30 v
"20% Jan
4,700
17%.
> *48
15 7a
'*13
;
Timken
267a
*16 7a
527a >
105
5,000
48%
387* Oct
$JL75 preferred __-;__„__lVo par
Detroit
Aug 21
Feb 26
"102»
Water'Associated
Tide
230" : ;>
Timken
147a
.
y25
No par
com^.
preferred. wi.±~~-No par
cum
43
*110
105
157a
*15 7b
'
$3.50
3,000
177a
40 3/a
40
♦497a
16
♦1043/s
,
73/4
11174
R)
68 74
•
•
14
.
Jan
Oct 30
972 Oct. 9
X14 74 Oct>30
preferred
187a '
25%
I
173/4>
♦193% ••17%": >
51 ".y
>
4%
11%
48
Corp-No par
Thompson-Starrett Co__„_s._No
10,300
107%
-
14 >.
26%
,
*110
40'.
39%
*17
>>5>>
."177a
*49
•
;
Products
500
177a '
43
437a
10574
106
175/e
(J
Thompson
; •'
3,9 Q0
36% >
;
par
>
Thompson
; -
110
3
13% Sep '19
47 .Sep 16
.15
Sep -3
10 * Sep ; 3
/__1'
preferred_____£_50
Transit
15
14.7a Oct 30'
35
Sep 20 -
'
„_5
No par
Avenue
Jan
21
common-^.^A
conv
13
255/a Jun
> '97a Mary4
46'7a Sep "10
Co„i_>'____100
Mfg Co_^
pfd
®onv
div
Third
3,700
,
>
67a >
*106
♦1043/a
1047s
..;>
18
18%
77»
517s
*34 7a
,
107%
1107a
>
41%
507B
>
•18%
*163/4
51%
40%
*49
*
167a
177a
€%
>
$2%
500
15% A.
43% •44
Ry
Glass
Thermoid. Co
1,800
v.
Pacific
The' Fair
t
730
104 v 104
.
■•*%
36%
*35%
678
1107a
•
*15
:.
433/4
104
67a
110%
» 77a
7
*110
&
$2.40
100
'
par'
__10
^Pacific Land Trust
Thatcher
'
2,500
58
Oil
&
Texas
•
r
200
•
117a
1174
'■>.15>//;
104
4,700
•
1774
Coal
Texas
/
1,400
•
54
,
r>;57%i
17%
♦17
••
53
*16%
C> 117a
106%
25%
28
1874
■
15
•y43'-.
1874
>• 14
143/4
287b
27 7b
*
:
18
427a
>V Texas Pacific
7% Jan
19% May 16
143% Sep 10
52
:
-
z; Texas Gulf Producing
Texas
Gulf Su!phur____>___No
> 3,100
•
■
17%
107
v
iv 18%
2,700
1,300
-4,100
157a
11%>: 12 >
35%
106 7
•
;
<
497a
■-
Jan 25
7V* Sep 11
___5
.
'
117s
22%
- :
4874
1-
-
58
6%
17%
107 >
:
»
16%
»i:
57
437a
42
.
15
-
117a
105
€74
357a
-
■
:523/4
11.74
15
.
*104
>
7
52%
*16% U 18
113/4
/>'"42
.'•
C
>>i8>;. 18%
1874
18 7a
106
437a
357a
37
:■
1574
105
22
A :
17s/a
57
11%
:
12%
vl:
T. 11%
(James)
200
Telautograph
1,800 > Tennessee Corp.
6,900
Texas Co (The)
!
53
>52%
17%
11%
>»;57- >
577a
67a
•
67a
674
-•■
113/4
12 7b
1274
;
,157a
:
5974
117a
;
53 5/a
.
c 17%>
Talcott lnc
'
547a
""117a
■
11%
'22%
100
•
>
8
*7 7B
;c>: 58%
■
48%>;.48%C>
,
17
17
ll%i
117a'
173/4
♦527b
18
11%'
157a
48
17
-
53
*17
54
*17
15'
48
-
49
>17>»
1674
>.;
22
15
22 3/a
15% >
487b
17.7a
53
227b
I57t
48 74
*167*
69ya
53%
53
217a
13%
17
17
107b
11
54
22%
227s
J137a
>,■ 75/8.:>7% >, »
75/s
■
i
16%
'•T7»>
59 >,/> >
68%
587b
11 :
>10%
117a
1674
♦13
*13
13%
*10
14
14 >
14>.
*1374
104
Nov
8
1
•
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4543
^Volume 164
•v.*
••
2563
NEW YORK STOCK
LOW
/••"
Nov. 9
share:
pet;
4
•
*95
*198 Va
203
28%
..*87%
7'
EXCHANGE
97
29%
/:•:•'•
27 %
:v
28 Va*
-l;/■.:
*43
•;Vv 8%
96%
198%
...
96
17%
I6V4
38
7 371/4
37V4
19
'
18%
v
35%
7733%
7 *86
100
•
■
35Va
v
<
7
7
6V2
119%
45%
45%
39%
39%
*39%
♦144%
119
119%
»
119
'
89
*85
-46*
-'.*44%
39%
34 Ve
35%
33»A
*130
145
33%
*130
/
160
*130
Dec
9
Deo
Jan
May 14
110
200% Apr
Dee
23
Mar
200
Nov
49% Jan
10
26
Oct
85 •'
22
Sep 25
30
101
Apr
178
23% Aug
48%
Dec
9
'
*144%
160
*144%
.
.
39%
40
39%
33%
33%
7
145
'140
*144%
160
Leo
Jan
Co_6l/a
15% Sep
19
26 Ve Jun
50%
Nov
17
13%
30
Apr
30
51 % Apr
30
2.50
Ry-^
;
100
Works^^-__i.^_-_5
91 Va Nov
pref_
86% Mar
104
Deo
Feb
103
Deo
15
115
15
90%
Jan
12
53
May 28
108% Aug 23
12% Jan 29
24%
Jan
29
45%
Deo
"3%
Mar
1%
Deo
5Ve Oct 1Q
63% Sep 20
118% Nov
9
80 >Jan 21
100
____„100
Coke 5%
Deo
May 28
Sep
36 V4
No par
prefered__/
24%
113
100Va Oct
..100
Chemical
partic
Oct
83% Oct 19
.-100
pfd___100
Virginian Ry Co„
6%
preferred
20
Deo
22%
32
-^25
99% July 10
123 Va Apr 10
105
45% Oct 30
/
>..25
37
Visking Corp (The) class A-T.___5
Vulcan Detinning Co
100
Preferred,
100
160
34%
Mar
24
preferred
El & Pow $5
Jan
13
Apr
/■
1,800
1,400
145
.'*145;:/;
div
21%
30
58 %
Sugar
Pac
Va Iron Coal &
100
33%
*130
140
160
Va
150;
;
40
,
'6%
*
45%
33%
Va-Carolina
8
25% Apr
10
preferred
cuip
Feb
30
35% Oct
'
500'
>
&
Chemical
3%%
"2,100'
90« v"
non-cum
39
r 15 Va Oct
10
Co
Shreve
18% Oct 30
._„__2.50
Inc_
Chemical
Victor
No par
Co
Co
'."5%
60
<*'
"
145
•
►
Vick
200.
i
•73
*85
- '-40
Raalte
Vertientes-Camaguey
900
I
„
6% '
6%
*70
••*44%
90
♦85
*45-
35%
39%'
119
119 »/2
♦118%
90
'6%
721/2'
Norman
Van
Vicks
102
.
Corp of Am
Van
.
20'
40
*39
102
--•
;
91%y
"
401/4
500
4,000
98
*91%
102%
-"
6%
701/4
6%
72Vi
*68
39%
•
*45% .'46%*35
"401/4
♦102
f
-341/2
♦86
95,/,
103
6%
r,
1191/2
*85
90
'
34
.
98
*91
42 "7
*40%*
*102
72%
•69
"118%
118 Va
*85
l
*
34
33'/4
*86
)
18%
18%
18%
98
-
73
25
Jan
—1
preferred /..J.
Jan
5%
75%
187
,100
16
lo
92'/a Sep
Inc...;..
7
16
No par
Co
July *25
110% Jan
31
10O
Pictures
Vanadium
900
38
♦36%
;
100
'
*90
103
*101%
6%
6%
*69
41/4%
■*. 2,100~'
.17% .17%.
/
37%
*18%
34
*86
17
:?r37%:
181/4
.
*33
>
42
V
44
103
18 Va
98 7
100
"
*42
.-/.'
19%
r 17
16%
17
98
*101
19%
19% ,:.i9%
,
18%
38%
*90
;
19%
Universal
July 22
54
27 Va Feb
/fi/f i/ v f
20%
x37%
17%
38 Va
*85
380
$ per share
12
8Va Jan
preferred
$ per share
Apr
—i
Tob
11 %
■
'■'*17
•
'J. *33%.
4,400'
87 Va
8%
Inc
Highest
$ per share
'/
Sep
3
41
Sep 10
19% Sep 24
7 'v
'
19%
20 Va
18%
28%
,19%
"v
Leaf
20
27%
87 -/
27% " 28%
198%
Laboratories
Universal
120'
96Va
/
$ per share
■'7
■■
...
Universal
-
'
*19%
400
4,500
9%
••
*198
.
Wall
„._2
Paper Inc
4% cum conv pfd
..50
Universal-Cyclops Steel Corp.. „—i.
300
21
,r 9 Va
Par
United
2,800
Range for Previous
\
Year 1945
Lowest
Range Since January 1
Lowest
Highest
"
45
*20%
STOCK
YORK
EXCHANGE
Shares
y
7»/a
.
45
^88:7:«:48r;!-r
/7-v
/
■;
*198
88
87%
88%
777■/ /
i
ft-. '9%,
96%
198 Va"
7%
21%
*20%
96%
96%
W98 *
$ per share
7'/a'
NEW
,
the Week
Nov. 15
share
7%
5*43 7''
•
10
;
198%
28%
9%
$ per
v.
.7%
7/ 44
y 21
20
f
'
,
7 198%
CLOSED
29 '
f
*96
)-Z STOCK
43
V.
10%
share.
7Va
21%
10%
"Y
J per
..
7'
48
21%
•
,
97
,,
Nov. 14
8%
Sales for
Friday
Thursday
Nov. 33
1 7%
*44
;
10%
STOCKS
Wednesday
i per share
;
.
21
'10%
r
$ per share
46
'
*19%
,
Nov. 11
RECORD
PRICES
Nov. 12
7%
7%
*44
:
7
HIGH SALE
AND
Tuesday
Monday
Saturday
"'
7
.
•
33
Apr
59%
52
Apr
81
Deo
Sep
124
Nov
57
Jan
83
Deo
45%
Jan
55
Nov
36%
53
July 3
45% Jan 30
Sep 24
Sep 24
Jan
118
9
Jan
43%
NOV
29
130
Oct
10
170
Mar 29
120
Mar
171
Sep
165
19
178
Deo
May 11
145
Mar
173
Deo
■■A/ //•£'•/;
W
////■%;:/
*65
18 '/a
18%
*36 V2
37 %
•
36%
.
35%
4
«
•65%
67%
-Vr.vy4.
*18%
18%
600
35%
35%
700
106
*105
26%
26%
26%
27%
x26%
11
11%
10%
10%
16%
17%:
-16%
16%
105%
10
17%
*23%
17%
24 Ve
.
27
26%
263/e
23
107/a
17%
*-22%
24
*25%
f
26%,
26%
21%
21%
20%
26%
26%
263/4
28
38-..
38
10%
10%
34%
38%
35
*86
7
33%
32%
26 Ve
•
No par
5
♦110%
111%
114%
114%
*114%
114%
*114%
114%
39%
39%
39%
39%
39 %
39%
•113% 115%
*113%
115%
*113%
115%
*113%
*113%
13%
13%
12%
13%
,12%.
13%
12%
12%
68%
69 %
66"%
64%
64%
64
64
6%
6%
*65%
s
67
7
•15%35%
*78
'6%
18
35%
•14%
18
36
36
79%
79%
-f20%
•
■20%
20%
*11 %
13%
23%
,
35%
I
29%
30
,23%
23%.
23%
357/a
35%
35%
*35% '
13
14%
*82
907
34%
•32
6%
*97%
,
100
Weston
Westvaco
100%
100%
100%
250
$3.75
54%
.
*60
■
69
*100%
40%
14%
90
•
•-'*97
90
6 3/8
6%
.*90
14
6 Va
14
16%
18%
,17%
161
'
43
483/8
49%
54%
53%
64%
*85
91
*68
15%
48%
•
.
„
■
•85
'54 :/;:
\
13%
14,300
*97
,
1,600
161
43
43
■iv'.'t
-
-
1,400
.
'
.48%
47%
,47 ',- ■
,53%
54'/a
5,300
543/e
-
2,500
—
-
87
*85
.
87
;
i.
*85
*
*93
94
93
*85
90
/ 84
79
69
70
70
70
69
16
15%
15%
15%
15%
87
•
14%
,*92
;
95
.
95
*93%
-
86 %
*84
---
-
,•
;
-
•'
88
,
,.70" ://;:#£/
15%
.
loo
100
110
1,000
1,800
•
Nov. 9
$ per share
Monday
Nov. 11
Tuesday
-
Nov. 18
,
.
$ per
share
$ per share
42
$ per share
41%
7
/
15%
STOCK
18%
EXCHANGE
66%
CLOSED /
18
Friday
Thursday
Nov. 14
Sewing Mach Corp
preferred
$ per share
*41
41%
15 Va
'
42
41
15%
18%
*17 Va
9%
7762'77
63 '/a
63%
64%
17
17 Ve
17
17%" '
21
21%
21
21%
9%
•Bid
and asked prices; no sales on this day.
9%
Jan
113%
109%
Jan
118%
7
101
Jan
112
Dec
113%
Sep
118%
Deo
116% Apr
35
Jan
9
/7
90% May 14
13 % Jan
/Wyandotte Worsted ,Co....
.9%
Un receivership,
9%
a
14 y8
Jun
Jun
Jan
92
53% Jan
14
14
43% Aug
26 Ve Jan
56
32% Jan
35
Oct
27% July
31% Aug
38 Ve
Deo
18 Vs Oct 30
11% Oct 28
yV'26% Oct 10
20
;._1
1
41% Jun
35
Oct
39
May
45
10
Jan
29
63 % Jun
18
30% July
45 V* Jun
27
27%
107% Jan
31
72
Jan
37%
93 V4
J? 27 %
"22%
Oct
Sep
Sep
Feb
Oct
106
Jan
16
62% May 29
107% July .26
19
26 I
87%
Jan
21%
Jan
31 Ve
26%
Jan
47 Va
Deo
18
Deo
28
8%
30
May 21
Jan
Jan
/
94
35
29
6% Mar
16
16% Mar
26 Ve
Jun
10%
Jan
19%
Nov
13%
Jan
21
July 10
.101
12
July 26
21% Feb
160
7
Jun
52
14
128
Jan
22 Ve
62% May 29
Aug 13
22
Jan
37
53%
Deo
Jan
70
Nov
79
Jan
100
Nov
May 10
Apr
103
106
25
••
Jan
100%
Nov
4
75
Jan
110
Nov
1
69% Mar
84
25% Jun
Sep 19
80
Feb
82% Apr
6
7
Oct
Range for Previous
Range Since January 1
Lowest,
Mfg Co
v
Year 1945
Lowest
Highest
'$ per share
$ per share
61% July
25
.
Highest
32% Jan
1
13%
19 Ve
Jan
83% May 31
39%
31
20
$ per share
47%
Jan
17
Zonite
Nov
38
74-v,
100
31
Zenith
Deo
138% Deo.
Jan
40%
May 31
35% Jan
7,.'•'_-
Oct
Deo
12% Jan
27% Jan
9%
-
103
Jan
83%
July'11
1
21%
Deo
/ 26% Jan
5%
9%
12 Va
95 %
14
Jan
47%
Jan
23% July. 10
84Va Sep 30
87 V2 Sep 27
v;
80% Sep 5
■:•£59% Oct 7
-
Feb
107%
May 28
36
Nov 12
31
"
78
Dec
Deo
44
105
81% Sep 11,.
,
Jan
101% Aug
31% Jan
Deo
,
105 Ve
44
y-
30
.//; 11% Oct 30
1
43
Oct
64
11
22
10
Aug 20
63
100
Oct
45%
Feb
100
Jun
37% May
50% May
37% May
7
•
20
.^.5
30
29% Sep 10
99
Sep 26
-
.
No par
i
17
39% Jan
/
22% Oct 30
f
Apr
Young Spring & Wire
Z.No par
Youngstown Sheet & Tube__No par
Youngstown Steel Door
j.Nopar
20%
Deferred delivery
Jan
York
173/s
9%
Dec
47/e
64 Ve
101
10
$ per share
643/4
Deo
61
24
Shares
623/4
Deo
Jan
Oct
5
Corp
Deo
3%
32%
16
15%
:
7
40
115
Deo
71
EXCHANGE
:•••
Oct
57% July
Prior pfd 4%% series
100
Prior pfd 4 %$> conv series_._100
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
..No par
17
:
3
Nov
37%
;/
Yale & Towne
22% Mar
106
Jan
11
>
19"
•
23
100%
Jan
NEW YORK STOCK
41
14%
17%
,
23% Mar
1
6
Feb
100
I
Motors
Sales for
$ per share
15
.
Nov
30
Aug
119% May 16
53 V* Jun 10
.
'
15'/a
Vl77
37
Apr
13 Ve
100
Co
the Week
Nov. 15
17%
-
Nov
STOCKS
Wednesday
Nov. 12
Nov
89%
30%
No par
LOW AND HIGH SALE PRICES
Saturday
38%
Apr
117% Aug
Oct 10
Oct *9
Wilson & Co Inc__..___No par
3
Sep 19
r
$4.25
preferred
No par
Sep 24
Wilson-Jones Co..*
JOVf ' 15% Oct <29
.Wisconsin El Ppw Co 6% pfd
100
142
Mar 5
Woodward Iron Co
£.»,
:_10 ' -34
Feb 26
Woolworth (F W) Co
„10 /
43% Sep 10
Worthington P & M (Del).^.Nopar
47
Sep 19
:
Dee
Jan
8
17
prior pref
Oil
16%
24
84%
Aug
14
No par
conv
Wilcox
May
32% Jan
preferred
Steel
Corp
Willys-Overland
~47%~~Deo
Jan
9
56% Jun
,
18 Va
173/4
43%,, -/
53%
98
-
*145
161
47
•
•
1,100
:
30%
Sep 24
No par
Prior preferred
r;
13,800
17%
*43
47
■
6%
11 Ve
■
*145
44
,
$4
-100
Deo
Sep 12
12.50
conv
conv
Deo
33%
Mar
14
.No par
White
V2
6
Instrument....
White Dental Mfg (The S S)
White Motor Co../.......
,10%,
//g: 13%
i
93%
■:
-
^ 161
14
98-
17%
*145
*51
•
.
..
/*97
•
44
-
87
i 93%
?
98
$5
32
20
10
27
12 Va
12 %
4,000
90
32%
6Vs
Corp
6,400
•"•
14%
*83"
*29'-:'/
•
11%
X13%
,
*97
13%
/;
'./-'/•
!
Nov
14
119
Jan
2
5'/2 Sep 19
No par
preferred
5%%
1,100
24%
Brake
Electric
Chlorine Prod..
Wheeling
50
99
31%
24'/a
■
32%
107/8
11 M
13%
98
'
50
21%
16
100
A
:
Elec
Deo
14% Aug
24 Ve Jan
Jan
par
com .No
Wheeling & take Erie Ry..
it;
31%
-
J
Air
Deo
50
100
Co
Preferred
2,800
40%
.
*97
14%
*29
10%
39
'•
*83
32
.69
.
*100% 102%
99 Va
'
13%
*83
-
*60
r
// 32
24%
24%.
*29
11%
••
40%
*31
;
35%
100%
39%
14
3l'v.//
6%
36
■
*60
69 "'///'••'
; *100% 102%;
102%
39%
:
,
13%
43
49
487/a
i
240
700
24%
*145
1617
42%
42%
Westinghouse
Westinghouse
32%
'
17
*16
•145
4,300
32,900
35%
52%
313/4
13%
'
j.'
24%
-
99%
*97
98
30
23
series
Deo
105%
122% Feb
4 1
/' 57
10
...100
16%
Oct
89 Vb
>12% Oct 30
Western Union Teleg class A.No par •
Class B
No par
*30%
'
13%
-•13%
'29%
-
:
*50
99
11 Va
9,000
13
Pacific RR
51%
24
6%
6%
10%* 11%
7
20
*11
Ry
2nd preferred
non-cum
32
*31
•
84
/-Preferred
*50
25%
i
Western
200
•30%
31 Ve
31
900
30%
100%
*83
100
357/a
4%
Supply Co.—.
Oct
Apr
45
113% Oct
8
35V4Feb 26
111% Sep 16
1
8%
16% Apr 20
43 Va July 11
:
Sep 13
106
4V2%
Maryland
51%
24%
14%
.
25
Western
;;
30%
*99
99%
31%
'
24%
69
101%
42%
40%
Western- Auto
1,300
.100% 100%
100%
101%
13
.
4%%
115 V2 Jan
;^.i«^.i«.Ji„100
Western Air Lines Inc..
30%
*50
Sep 20
9% Sep 19
pfd__._100
Pulp & Pap Co
No par
preferred
100
17%
35%
20%
19%
Va
19%
80
;
*11
31
...5
.....100
West Penn Power
West
2,200
2,200
6%
*16
18
35%
80
20%
50
*79%
35%
23
*60
69
102 V4
41
31
6%
7
X30
100%
99%
18
1
Inc
preferred
6% preferred
600
115%
24%
100%
40
7
19%
51
'
114%
34%
*11%
32
*60
*114%
39%
13%
31
51
*100%
•114V4 114%
Tobacco
7%
30
111%
:
21
30%
53
100%
111%
18
34%
100
111%
111%
7*8077? 85
*11%--13%
31% " 32%
32% "*32%
.
*17
118
35%
24
35%
* *51
•
6%
-
10
112%
*116%
23%
7
31%
31 Va
x65
.7
80%
7
*112
117%
117%
Deo
29%
•'29% Sep
5
47% Jan 31
.
115%
14%
14
112%
•112
14%
34% Feb
Sep 10
20% Oct 10
32%
*111
Sep
Jan
35% Mar 14
Oct 30
20
87
*112
39%
26
5
87
*116% 119
111%
Co
Co...
30%
111%
110%
91%
30% Jun
Wesson Oil & Snowdrift
No par
31% Sep 19
$4 conv preferred —85 ys Sep 30
West Indies Sugar Corp
1
29
Sep 10
West Penn Electric class A ..No par
108
Sep 25
112%
Aug
20
50
Nov 15
18% Jan 24
:;
2,700
119
112%
Lt
Motor
y
8%
18% July 19
107% Feb
^
22
__5
35%
*111
112%
Sep 24
16% Oct 30
34%
*117
112%
119
Deo
105
23% Aug 29
" 100
Webster
119
*111 %
xll%Marl5/
100
.....
.
1,800
400
Deo
42
7
10%
'
Nov
20
Jan
24
Washington
8,100
78
Jan
Mar 26
29% Oct
•10%
.
Sep
13%
30%
111
20 Vs Jun
Wayne Knitting Mills i.
Wayne Pump Co
600
1
.
04
14
29
9ViOct30
No par
Gas
21
Apr
25% Oct 30
32
.87
30%;
32%
38
>
:■
Baking Co
preferred
Waukesha
Feb
54
No par
new
;
Warren Fdy 8c Pipe
Petroleum Corp
600
86
23% Jun
...No par
common
__1
Co
Warren
2,200
;
(Hiram) G & W
5 Va %
1,100
'
Sep 11
15% Oct 10
34
Sep
3
/105
Apr 12 /■
34%
87
34%
-
29 %
56
1
No par
100
Warner Bros Pictures.^..—i._.._5
1,000
20%
*37
37%
•10%-10%
87
31%
.
90
800*
'
26%
27%
•
"
16,600
25 %
26 Ve
Ward
-
22%
y;:
20 Va
26%
•37%
-
;.k
Walworth
»
-
17%
22
Walker
5,000
106%
*25
20%
26
38%
15%
16%
l?Ve
.
Walgreen Co..—.—
k
% 4 % .preferred
7,600
/
■
Wabash RR 4%% preferred._..100
Waldorf System —
..No par
7,500
10%
*106
,■
-
27
26
10%
.17%
22%
26%
*21%
-
i67/a- ;'•:.
16%
105% 1053/4
,
•
26%,'
27%-'
X26%
■
..
18
22%
18%
-
26%
10%
105%"
105 Va .106%
•,/,:;
*105 ./'•■■ 106,
106
X106 '
27
33
19
35 Ve
18%
X36
106
*105V2
32 Va
18 Va
"
18%
*
72
*
72
*65
72
•65%
Jan
29
Deo
24%
Oct
31 Ve
Deo
Jan
70%
Deo
Mar
27%
Sep
34% July
5% Jan
44%
Deo
12%
Deo
'
.
ofiev Btoefc
*
Uasn aata.
s
Radio
Corp.^.^.. .No par
Products
Corp
Special sales.
19 Va Oct 23
9
vdWhen distributed.
Sep 23
42% Jan 15
14% Apr
x-Kx-dlvldends.
18
yKx-rignts.
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, November 18, 1946
Transactions atthe New York Curb
Exchange
"
•
Daily, Weakly; and Yearly
1
United States
Sales
Week Ended Nov. 15,1946
Saturday
.
Wednesday..
Thursday
Friday—
4,528.000
——
45,000
13.000
—
'
-
—
254,000
Holiday
37,000
311,000
39,000
268,235
Total——
$6,000
272,250
180,000
252,905
501,000
99,000
22,000
1,252,830
±
Fridav
$19,229,900
$68,000
.
$251,000
$1,497,000
$203,000
;
y
Total
Foreign
Corporate
Domestic
312,055
,
Wednesday
Thursday.——-
4,380,900
4,169,000
Bonds (Par Value)
Foreign
Government
Shares)
147,385
Monday_____
Tuesday
4,239,000
$10,000
,
of
' '
Saturday
Ui
Tuesday.
Stocks
(Number
Week Ended Nov, 15, J946
$1,913,000
—
Monday
1
Bond
Bonds
'
Total
Government
j
Total
$257,000
—
'
?
—
291,000
.
$7,000
.
"
357,000
3,000
282,000
523,000
*——*
$10,000
$1,710,000
Week Ended Nov. 15
1946
1945
4,890,210
Stocks—No. of shares.
Week Elided Nov. 15
9,569,415
1946
Stocks—No. of shares.
Bona•
$68,000
i& 1,289,000
Foreign—
$250,000
4,078,000
17,872,900
U. S. Government
28,466,400
Railroad & Industrial.
Total.
$19,229,900
1945
v
1,252,830
8,236,085
Jan. 1 to Nov. 15
1946
♦
1948
124,699,773
113,937,233
Bonds
Domestic
Foreign government.
Foreign corporate...
$32,794,900
Total—
Stock and Bond
-
Averages
Below are the daily closing averages of representative
stocks and bonds
listed on the New York Stock Exchange as
compiled
by Dow, Jones & Co.
;,i.
Stocks
.'
":. u
"."".:1
r
Bonds
10
30
20
15
Indus-
November
9—
Rail-
trials
;Q Date-:-
roads
171.80
50.73
November 11——
Total
Utill-
Rails
Utili-
r
Rails
40
ties
Bonds
107.29
103.29
62.56
103.90
110.68
-91.40
107.31
103 33
Holiday
91.28
Holiday
50.12
35.60
49.68
35.34
~
62.13
104.09
110.63
91.46
50.08
107.29
35.40
62.50
103.37
103.93
110.53
91.45
107 18
49.64
170.88
169.67
103 27
35.12
62.03
103.85
110.54
91.51
107.14
103.26
New York Stock
«»
FRIDAY
WEEKLY
•
notice—Prices ere "and
interest"—ekcipt for Income and defaulted bonds. Cadi
week, and When outside of the regular weekly range are shown in a footnote in
and deferred
the
<
Grade
Grade
Total
110.63
170.87
November 14
!
'
10
103.95
169.84
November 15
.
Indus-
Stocks ' trials
'v
Second
63.05
November 12——
the
65
ties'
;
10
First-
35.95
November 13—
Bond Record
10
The Italia letters In the column headed "Interest Period" indicate in
each
week
in
delivery sales
disregarded In the week's range, unless they are the only transactions of
they occur.
No account is taken of such sales In comnutln* the ranee for
the year.
the bonds mature.
which
the month when
case
Exchange
YEARLY
-
are
Figures after decimal point represent Sine
emigre 82d of a point.
LOW AND
Saturday
Nov. 9
:
•
Low
High
^
Monday
Low
HIGH SALE PRICES
Tuesday
Nov. 11
;
Nov. 13
•
High
Low
High
Wednesday
Thursday ■$.
Nov. 13
LOW
Friday *
Sales for
Nov. 15
the Week
Bonds ($)
Nov. 14
103.10
*103.8
103.10
*103.8
*106.21
*106.21
106.23
*106.21
106.23
♦108.29
108.31
Low
103.10
106.23
•103.7
*106.21
High y
Low
High
Treasury 4Vis
1947-1952
106.23
*106.20
106.22
Treasury 3 Vis
Treasury 3s
Treasury 27/aS
*108.29
108.31
*108.29
108.31
*111.30
112
*111.30
112
*111.30
112-
*102.19
102.21
*102.19
102.21
107.14
*102.19
102.21
♦102.18 102.20
*107.12
107.14
*107.12
107.14
*107.11
107.13
*107.10
107.12
—-
*102.16 102.18
*102.16
102.18
*112.15
112.17
*112.10
112.12
—
♦113.4
113.6
*108.28 108.30
*108.27 108.29
*111.26
111.28
113.6
*113.4,
114.29
*114.27
*103.4
103.6
*103.4
103.6
*103.4
*104.22
104.24
*104.22
104.24
*105.17
112.21 Aug 23
113.12 Aug
113.3
Treasury 2% s
1960-1965
y; -1".Treasury 2 Vis y".rloan
103.6
104.24
110.3
1955-1960
Treasury 2%S ——————1958-1963
114.29
*104.22
—
105.19
*105.17 105.19
105.4
*105.2
106.31
*106.28
106.30
Treasury 2 Vis .^,—.—1949-1953
Treasury 2 Vis
1950-1952
—
105.4
*106.29
A
*105.17 105.19
*105.2
.
*104.25
104.27
*104.24
104.10
*104.7
$4,000
*103.27 103.29
*103.25
103.27
*103.21
*103.24
103.26
103.23
♦103.21
103.23
*103.21
103.23
*103.17
*102.21
CLOSED
102.23
*102.21
102.23
*102.16
*105.23 105.27
*105.17
105.19
*103.27
103.29
*107.3
107.5
103.23
*103.15
103.19
<103.13
v'->
*105,17 105.19
*103.25 103.27
,
yy?-'V«-
102.16 102.16
*105.15
*103.23
103.25
'
107.5-
104.30
*104.25 104.27
*101.29 101.31
*101,25 101.27
1",,
101.24:101.24
102.1
*101.29
*107.3
107.5
' : *107.1
107.3
♦101.12
101.14
*101.12
101.31
101.14
*101.11
101.13
*101.10
*101.11
101.12
*101.10
*101.10
101,12
*101.9
2,000*
5,000
101.11
102.16
*102.14
102.16
*101.25
101.27
*101.19
101.21
*102.14
102.16
*102.13
102.6
*102.2
102.4
*102.10
102.12
*102.9
102.14
*102.11
*102.11
102.13
*102.16
113.20 NOV
112.21 Jan
113.30 Oct
1
118.15 Mar 12
118.23 Fpb 19
113.2
Jan
116.16
106
106
106.6
Oot
107.15" Apr
106.28 Sep
107.25 Jun
Apr
2
Apr
2
106.16 May 2
107.15 Jan 28
-vyyi;-;
y,> y
■ % y
yy
105.29 Aug 19
107.5 Jan 17
108.4
Jun
108.4
7
Jun
107.27 Apr
105.24 Sep
7
107.1
Jun
108.15
2
100.28
Jan
103.4
102.17 Aug
102.9
July
105.22 May
1
104.9 Jan 10
107.4
Apr
16
100.18
Jan
103
107.9
Jan
Jan
4
Apr
9
100.17
107.19 Apr
6
100.15
>
107.9'Apr
5
102.11 Jan
4 *
107.10 Apr
12
101.16 Jan
4
106.15 Apr
6
•
*102.15
*102.20
102.23
*102.22
102.24
*105.9
105.11
*105.8
105.10
*101.4
101.6
*101.3
*101.13
101.15
*101.3
101.5
Odd lot
transaction.
3
5
101.4
Jan
4
104.7
Apr
3
102
Apr 29
102
Apr 29
Treasury 2V4s
Dec. 1959-1962
1947
—
106.15 Aug 12
March 1948-1950
Dec. 1948-1950
June 1949-1951
Sept. 1949-1951
Dec. 1949-1951
Treasury 2s
Sept. 1950-1952
Treasury 2s
Treasury 2s
Treasury 2s
June 1952-1954
Treasury 2s
Dec. 1952-1954
Treasury 2s
1953-1955
—
v;'
' '
102.22
:
3,000
.
2
March 1950-1952
102.22
102.22
2
104.16 Apr
Treasury 2s
101.5
*102.20
102.11 Jan
2
Treasury 2s
102.17
.
4
100.29 Jan
,
102.22
102.22 Jan
; y:
—
1951-1953
1951-1955
Treasury 1%S
•
1948
Treasury IViS
1950
101.14 May 17
101.3 Sep 20
Deo
105.19 Aug
Treasury 2Vis
i; —.
*102.20 102.22
102.26
*102.21
102.18
102.20
*102.24
a
112.10 Jan
NOV
107.14 Apr
-June 1959-1962
Dec
113.3
1
108.17
—
Apr
114.25
115.23 Apr 15
12
108.17 Aug 12
104.22 Sep 17
—
lH.27
110.15 Mar
''v
Treasury 2s
—
102.13
102.14
*102.18
transacted this day.
v
Not
108.27 Aug
106.16 Apr
*
Treasury 2s
,
.
No sales
111
Highest
109.24 Max
Feb~~6
109.22
101.15 Jan
'
Treasury 2s
1
102.11
*102.12
*102.12
price.
'
-106.11 Mar
Treasury 2V4$ —Dep. 1967-1972
Treasury 2 Vis
U951-1953
Treasury 2 Vis ——1952-1955
Treasury 2»/4S
1954-1956
Treasury 2Vis —————1956-1959
V;:-'
.
106.13 NOV
112.17 Aug
105.14 Jun
109.15 Feb 18.
■.
Treasury 2s
Treasury 2s
102.15
*102,4
asked
.
.
v.
101.13
101.12
*102.14
and
—„
*104.19 140.21
*101.30 102
•Bid
—
,
*107.3
*104.28
102.1
Feb~l9
115.26 Jan 17
Aug"23
Nov
&
106.28 Apr 30
A
43,000 *
105.17
1966-1971
Treasury 2Vis—June 1967-1972
Treasury 2Vis —Sept. 1967-1972
—
A
^
Treasury 2Vis —Dec. 1964-1968
Tfeasuty 2 Vi s -—-..^.-^1965-1970
Treasury 2Vis
—
102.11
*104.29 104.31
-
11,000
105,13
-102719 i02.l9^'
103.29
,
103.15
*105.17
*103.27
—-
.
103.23*'* *103.14 '102118
*102.21 10223
105.19
103.17
102.18
*102.9
*105.19 105.21 \ *105.11
*105.24 105.26
■
102.22 102.22
2%s
1952-1954
2 Vis ——————1956-1958
2 Vis
1962-1967
2 Vis
1963-1968
2Vis
June 1964-1969
107.23
111.18
Lowest
i.V'*•.<7
•103.26 103.28
<103.24 103.26
.
EXCHANGE
—
104.9'
♦103.28 103.30
STOCK
;
Treasury
Treasury
Treasury
Treasury
Treasury
104.26
*104.8
Jun~28
1951-1955
——
113.6
*114.27
104.27 May
Treasury 2%s
—1948-1951
Treasury 2%s
1951-1954
Treasury 2%S ———.1956-1956
,
*113.4
104.14 July 12
Year 1945
Highest
1949-1952
112
*114.27 114.29
Lowest
;
103.8
102.22
102.19
Range Since Jan. 1
y
EXCHANGE
*103.6
*102.20
♦102.17
Range for Previous
NEW YORK STOCK
103.9
*111.30
♦107.12
GOVERNMENT BONDS
f
■
High
♦103.8
8
106,15 Aug 12
Augl2
V-y. +'::
Jan
102.7
100.10 Jan si'i 102.2
100.18
Jan
Nov
July
'
July
/Feb
102.3 k Feb
100.20 Aug
101.24 July
100.30 Jan
107.28
Dec
Volume
Number 4543
164
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING NOVEMBER 15
'
;v
New
York
Stock
Exchange
Friday
Last
Period
Bale Frlee
or
Friday's
Bonds
Bid A Asked
£010
High
Stock
No.
3s
external
1
s
$
b?n^?r~
51%
*50
51%
J-D
95
95%
91
92%
92%
88%
99%
M-N
21 %
21%
19"%
39.
111
108%
115
113
goi
M-a
194^
ser
NY 1-1693
5%s 1st series——_
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1949
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1947
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.1948
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1960
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1984
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1975
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1957
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22%
20
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303/4
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FOREIGN
Institutions
SECURITIES
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II
21
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1957
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assented—
1961
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;
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assented
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For
—1962
assented—
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1962
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see
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page
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2569.
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29
FOREIGN SECURITIES
*
23%
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19
29
25
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28%
19
29
21"%
1960
M-S
M-S
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1951
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^
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28 ya
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22
1960
:
:
(Hukuang Ry)
footnotes
{1
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SPECIALISTS
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75
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55
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96
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1957
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1978
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,
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27
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1941
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373/4
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1955
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1955
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1956
1
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1960
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1971
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s
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External gold 4VaS—---------1ADominican Rep- Cust Ad 5%s—1942
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Teletype
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| A Denmark 20-year extl 6s
Members New York Stock Exchange
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;;V
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r
.70
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ACzechoslovakia (Rep
/-;
&
1947
1947
of 1926
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89
.
81%
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1946
A Sinking fund 7 s
Copenhagen (City) 5s
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Cuba (Republic of) 5s of 1914
Foreign Securities
High
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90
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1,:
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120
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low
Transit Unification Issue—
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Week's Range
or Friday's
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Friday
Exchange
January 1
Colombia
REctor 2-2300
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Peeled
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Bold
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3%
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bonds
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Interest
v
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Telephone HAnover 2-0050
103
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•
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, November 18, 1946
NEW YORK BOND RECORD
BANGE FOB WEEK ENDING
NOVEMBER IB
'
,
BONDS
New York Stock
Friday
Week's Bange
or Friday's
Interest
Last
Period
Exchange
Bale Price
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Low
Buffalo Rochester &
Pgh Ry—
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(interest
3ft to May 1, 1947) due
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January 1
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No.
!
:
30%
30%
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Bush Terminal 1st
•
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5s_———
85% 106
\
California Elec Power
1st M3s
Calif Oregon Power
3yaS—
Canada Southern cons
gtd 5s A
Canadian National
,
f-
Friday
New York Stock
Exchange
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Period
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Last
or
Bale Price
*
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January 1
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—*1952
to
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f—
1957
•
(State)
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-
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loan
-
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i
SAist mtge 5s—I
•
r
ARef '&
lAMobile'Div
|
|
2012
1940
.1978
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91
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107
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1948
*
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1946
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1960
j
1964
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1984
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26
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28
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23
56
J-J
1987
—
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1948
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—
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.
West 1st gtd 4s
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1947
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1967
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1972
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1975
1998
__1956
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..
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2
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86
\
conv
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debentures
1956
.5
,
101
101%
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110
122% 124%
122%
159 Va
100% 100%
100%
1975
100%
.1986
i
1
1961-
Amer Tobacco Co deb 3b
3s
debentures———.—.—1969
105 Va 105
deb
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107 %
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ref
>
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&
J-J
Charlotte Air Line
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lnc
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112%
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102%
105%
—
J-J
A<-0
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105% 105%
>
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104
94
128%
^
128% 128%
—
!1
' 115% 115%
116% 116%
■
2
,
104% 105% h
——1964
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^
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inc
conv
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118%
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,37
49
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101
i
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Oct l
61%
57
40 Va
31
98Va
99
98%
1994
2019
Apr
84%
84 Va
2044
Apr
63
61 Vt
r
1 1946)
due
Ref & gen ser D
Sep
'
1
1946)
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due
■,'
Sep
:
1
1946)
|
due-
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Fpb 11960
Pgh L E & W Va System—
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1951
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to Jan 1 1947) due
»
I
1950
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I
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Con ref 4s
4s
1951
stamped
95
53
J-J
64
Beneficial Indus Loan 2%s
Bethlehem Steel Corp—
Cons mtge 2%s ser I—
1st M
——1970
1967
5s series n
1st gold 4%s series JJ
s
f
debentures..
1969
Gen
mtge 2%s
1978
Buffalo Niagara El 1st
mtge 2%s.l975
For
footnotes
see
page
2569,
133%
100%
—
.
99%
100% 101 Va
100%
100
109
105
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58%
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100
i
'
i
| :
106%
.:
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87
84
58 Va
60
50
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%
j
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,
87
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105%
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.
41%
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—
102
102
106% 106%
71
106%
67%
,~~~
92 Va
72%
81
39%
J-D
J-D
jgold 4s——*.1951
101%
100%
110
103
106
99
J-J)
Chicago Terre Haute So S'eastejrn.Ry
&
ref
M
2%-4%s
1994
J-J
—1994
J-J
83 Vt
J-J
104%
J-J
J-J
.—
2%-4%s
Chicago Union Station—
Cleve Cin Chic
1963
1963
4s
conv
.
1952
?%s
M-S
A-O
A-O
M-N
C A-O
1975
108 Va
102%
108%
106%
106% 107
105%
112 Va
105
107%
f
:
105 y» 105
*46
«
::
65
Va
42%
—
45%
"
,
t
45%
.66''
63
42%
83
100fi
62
,
104 Va
111% 111%
103 Vt
99
82
85Vt
107%
102%
111%
104
104
111%
J-D
84 Va
99%
.
81
14
J-D
1993
113 V»
107 Va
102%
103
—
^
■
..1993
99%
108%
98%. 121
J-D
Ref & Impt 4V2s series E—
1977
Cin Wab & M Div 1st 4s—.^-1991
St L Div 1st coll tr gol4 48^.-1990
3s
;
74
4
J;J
, .
72%
38
J-J
1970
Cleveland & Pittsburgh RR
104
103%
104% 104%
103% 103%
F-A
F-A
JrD
:
&'st Louis';J
Ulum
95
83%
83
•
.
General gold 4s_^
5s series B
Elec
,,*93%
1
City Investing Co* 4s debs—--——1961
•
M-N
JV
V
-
12
100
93%
95
i 110%
107% 110 Va
—
Series C 3VaS gtd
Series D 3%s gtd
„
102
v-
^7
^^
—....1950
*;A
Cleve Short Bine
104
*
40
103%
»
84%
I
85
j ;.-
105%
106 Va
106 Va
106%
f 4 Vas series C——a.——1977
A-0
105%
107 Va
s
.
Columbus & Tol
1st extl 4s.—.
Commonwealth Edison Co—
1955
Consolidated
Powr
3Vis
s
f
Cigar
3%s A—
Corp
Edison of
M-S
A-O
M-S
.F:A
.
i
debentures—
.v,
?-A
J-y
1961
3 Vis—.1965
York—
—
A-0
1948
100 Vi 100%
99%
100%
3Vis
debentures
1956
101%
106%
3 Vis
debentures..
1958
^ 45%
27
103 Va
*104%
*109
•
*115%
A-o
y
A-o
J-J
103%
—
,?.J
—
—
;
13
-*=.
...
•
103%
;:106%
108% 111%
116
116 V
r;
r; i v> 106%
110
—
110
\.
111
105% 107
r.
%
102%
101
101 Va
v5
,102
102 Va
23
*104% 105 Va
—
';
105%
100%
M02Va 104%
"1
84%
102%
f-105
...
—
—
'107%'107%
*108
' M-*:-;
*1067/a
New
102% 102%
19
..
1st mtge 3s series L
-1977
Conn Ry & L 1st Sc ref 4'/as—-.1951
104
M-N
Columbus & H V 1st extl gold 4s__1948
Columbus & Sou Ohio El 3Vis—1970
107% 116V4
105% 110
•
108%
104% 108%
,
10
A-O
Colorado & Southern Ry—
4%8 (stamped modified)
—1980
Columbia Gas & Elec SVas'debs—1971
Consolidated
1
-
<
A-o
Conn River
106%
102"
ist gtd 4%8-l—-??61
Cleve Union Term gtd 5V2S-.-—r-1972
1st a f 5s series B gtd
—1973
1st
97
—1961
Bklyn Union El 1st gold 5s———1950
Bklyn Union Gas 6s series A
1947
4s
127%
1955
1st mtge 4s series RR
1960
AInc mtge 4%s ser A
July 1970
JABoston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3%s
1966
i
:
1961
Boston & Maine 1st 5s A C
105 Va
V#
104%
95%
1951
Beech Creek Extension 1st 3%s
1951
Bell Telephone of Pa 5s series C—1960
98%
107
99
F-A
'
^
Bangor & Aroostook RR—
60
19%
Cleveland
1959
79
99%
M-N
General
3%ft
*—
gold 4%8
—I960
Chicago St L & New Orleaps 5s—1951
Gold 3%S—
1951
'
(
74% 107%
48
96%
43
lit mtge gtd 3%s series E
—1969
1st mtge 23/4S ser G
1974
City Ice & Fuel 2%s debs -.——..1966
2000
to
86
64
38%
Cincinnati Union Terminal—
1996
Ref & gen ser F (Int at 1
%
76%
Apr
J«J
..1988
|
..1995
to
58
r
i
>
to Dec
;
80
110 Vi
103% 105%
104% 105
104%
1
I
4s—
Cine Gas & Elec 1st mtge
"
J-J
..•••»
A Jan
f ADebentures 5s part paid
,.1957
fAChoctaw Ok & Gulf cons 5s—1932
;
Ref & gen ser A (Int at \% to
"Vi1-" Dec 1 1946) due
1995
;
Ref Sc gen ser C (int at
lVa%
99%
83
39 Vt
1st So ref 4%s series D——1962
IjAChiids Co deb 5s part paid.—1943
to *
July 1948
84%
38
59%
Chic & West Indiana
4%
144
J-J
1
at
88
104%
94%
140
M-S
1st
July 1948
103%
36%
A-O
Income
1
bonds—•
(Int
86
107
J-J
f
1946) due
119%
99% 106 Va
1952
■
105 Vt
109
20
J-J
Railways 1st 5s stpd
25% partial redemption—.
1927
IChlcago Rock Island & Pacific Ry—
38%
102
31.^64%
109% 119%
1956
j A Secured 4 Vas .series A—
»
29%
40%
31
Jan
ser
B
ser
Memphis Div1st
*37%
39V4
135
3
'
tJAChicago
-v
'113
.
7
39%
M-N
^Certificates ~of deposits..—I.
lARefundlng gold 4s
—.—1934
i
104% 107
—
124
126
,.-2003
A,;
1st mtge 3 Vas series F
1st mtge 2%s ser G
,
__
•
107y«
104% 107%
135 ya
1
/-J
AConv
•105%
*122
'•
"
105
2
12
126
M-N
V
Ry—
Ya 106 Va
126
F-A
1985
i
126% 141
113% 124%
114 • 131%
106
151%
•105% 106 Va
F-A
2nd mtge conv inc 4'/as—.Jan 11999
1st mtge 3s ser B————1989
103% 107%
92%
102
138
F-A
1982
.J
: 106
5
J-J
1977
Chicago & North Western Ry—.
*
Atlantic & Danville Ry 1st 4s—1948
Second mortgage 4s
1948
Atlantic Refining 2%s debs—
1966
1st
106 Va
F-A
J-J
—1949
Chicago Ind & Sou 50-year 4s.
Chic Milw 0t Paul So Pac RRr1st mtge 4s ser A
100%
1963
modified
113
$
■
t Chicago Ind & Louisville
Ry—
'
A 1st
mtge 4s lnc ser A
;
,.1983
;
109
July 1952
Baltimore So Ohio RR—•
1st mtge <gold 4s
137 Va 1377/a
7
\
mortgage 3%s
103 Va 103 Va
1377/a
184
110% 111%
1995
July 11995
July 11995
103 Va
M-S
J-J
AGeneral
;
4s
Atlantic Coast 1st cons 4s
General unified 4%s A
Stamped
HO
.
1989
—
series
,98% '98%
1995
Atl Knox 8s Nor 1st
gold 5s.—..1946
1st
105
Va
108%
106 Va
•104% 108
1996
.—;
4%s
98%
1967
—
Stamped 4s
Atlanta
%
52
104%
—
J-J
*
Atchison Topeka & Santa Fe—
gold
105 Va
F-A
1996
Alton RR ref 3s
110%
1962
Ann Arbor 1st gold 4s
Adjustment
*
61%
21%
"":: Chicago Gt West 1st 4s
series A—.1988
AGen ino mtge.4%8——.^Jan 12038
A 2d
122%
.1980
2%s debentures—
2%s debentures
General
24 Va
F-A
1989 [
gold 4s
cons
1st mtge 33As ser B
Chicago & Erie 1st gold 5s
109%
114
--
_i;
jf-S
103%
106 Va
5
*107 Va 108%
..
M-S
100
1
American Telephone &
Telegraph Co.—
Nitrate
"
.
.
Alleghany &
Anglo-Chilean
"
108
—
u
.
1985
1st. & ref mtge 2% 8
1970
Chicago & Eastern 111 RR—
AGen mtge ino (conv)————1997
bailboad and industbial companies
Am &
A
,
A-0
•
1992
General 4s
——1958
w
44%
109%
91 Va 106 Va
*108%
Chicago Burlington & Quiiicy RR—
1958
Alabama Great Southern 3
Vis
Alabama Power 1st mtge 3%s
Albany & Susquehanna RR 4%s
debs
85 '
37
ArO
1st & ref mtge 3 VaS
conv
52
J-J
—1987
.
impt mtge 3V2S D___
impt M 3V2S series 3
Ref &
1978
external 7s
Adams Express coll tr
gold 4s
Coll trust 4s of 1907
2%s
33%
33%
Va
1961
registered
Ref. &
1978
i.*>
assented
2%a
10
108
1987
General gold 4VaS
1979
37/a-4y8 4As extl conv
4-4V»-4%s extl readjustment
3s
87 Va
10 Va
A-0
i
46%
A?O
T_1946
85
M-N
1945
,-.1959
—1959
1987
—
109
107 Va
'
3%s-4-4Ya% ($ bonds of 1937)—
External
readjustment.——.1971
A4VaS
78 Va
A-0
'1st & ref series A
(4%ft to Aug 1> 1949)—______1974
5 A Central RR &
Banking Co—
58 stamp (partial
redemption)—1942
' 'hriv; iM r"->- t
v/va (■
Champion Paper & Fibre deb 3s
1965
Chesapeake & Ohio Ry— '
1958
AExternal .sink fund 6s
AExtemal 'sink fund 6s
(City)
103% 121
F-A
Central Pacific 1st ref
gtd gold 4s_1949
1958
Sydney (City) s f 5VaS
AUruguay (Republic) extl
AWarsaw
124
M-S
Central N Y Power 3s————1974
1962
116 Va
F-A
-
—Nov 1945
1st gold 5s—
4s
lll3/4
.
(Prov of), extl
assented
External
Ry—
registered
A General
Serbs Croats &
Slovenes
123%
.F-A,
1960
'
A 5s
1173A
_1965
JACent New Eng 1st
gtd 4s—
t A Central of N J gen
gold 5s.
i
119
118%
A-0
Central Illinois Lfght 3>/is________i966
»
118
114 Va
1981
5s series C
gen
113%
J-J
AChatt Div pur
money gold 43—1951
2004
loan—l——1968
Stamped pursuant to Plan A
(Int reduced to
2%)
BASecured s f 7s
Stamped pursuant to Plan A
(Int reduced to 3.5%).
125 %
J-J
1965
SAConsol. gold 5s
*ARef & gen 5%s series B
1956
Stamped pursuant to Plan A
(Int reduced to
2.25%)
118%
.—"—1951
Corp 3 Vis debs
Cent Branch U P 1st
gold 4s
tCentral of Georgia
1999
I
J-J
1956
Celotex
1950
A
125
...*.1955
Carolina Clinch & Ohio 4s
.1999
;
Stamped pursuant to Plan
(Int reduced to
2.5%)—
108
109'/a
J-D
A
(Int reduced to
2.5%)
A 8s external
105
A-O
Oct 1969
Cart
to Plan A
105 %
103 %
M-N
1957
& Adir 1st
gtd gold 4s
Celanese Corp 3s debs
8s——-—1936
J-D
1902
Can Paq Ry 4% deb stk perpetual-
(
Stamped pursuant to Plan A ,r
(Int reduced to 2%)
—2012
IA San Paulo
5s
>
1974
gold 5a
Guaranteed gold 4%s_
Guaranteed gold 4%s
;Guaranteed gold jl%s
2.375%)—2001
s
gold
"Guaranteed
High
54
48
1976
gold 4%s
Bange Slnee
Bonds
pursuant to Plan A
reduced
109
104
4-4933
BONDS
Stamped
107%
Broadway
Telephone—DIgby
8 A San Paulo
58
56%
104
Bush Term Bldgs 5s
gtd
61
High
Low
;
} A 1st & Coll 5S—
|
Bonds
at
tBurliogton Cedar Bap & Nor—
A
High
103
101% 104%
104% 106%
^Volume 164
THE COMMERCIAL &
Number 4543
2567,
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING NOVEMBER 15
A'v,
:/•
BONDS
New York
Interest
Stock Exchange
Last
■
Bale Price
Period
Friday's
Of
Bid & Asked
York
New
Range Since
'Bond*
'
Furled
January 1
Sold
or
Leal
Interest
Exchange
Stock
Week's
FrMey
BONDS
Week's Range
Friday
Low
Low
1 AConsol Ry non-conv deb 4s_._-.1954
A Debenture
4s
i
-1955'
'
ADebenture
4s
1st
A Cuba
1st
5s
106 1
J-D
82 %
80
86
42
Deere St Co. 2%s debs
-
43
45
43
45
A-O
——1965
Delaware St Hudson 4s extended—1963
.Delaware, Lact St West RR Co— '■/.;/
Y Lack, St- Western, div
ref M 5s ser C
1973
•*—
1973
99%
45
47'
J-J
V 'f' if «
64
•
40
•
48%
80
107%
F-A
ARef & lmpt 8s series B—1978
48 series F__
7-
8%
7
8%
6%'
291/4
57
A-O
56
42%
Stamped
70
<
A-0
Gen St ref mtge 3%s series G.i~1966
Gen St ref 3s series H____
—1970
-M-S
1'08 % 108%
106% 109
J-D
106%. 107 Va
106%
Detroit & Mackinac 1st lien gold 48.1995
M-N
57
75
45%
92%
110%
92%.
00
w
104%
"121
—
J-J
*—
*107.
J-J
1950
120% 120%
155
gold 58—1995
Ry 3'As
El Paso Sc S W 1st 5s—.
5s stamped
Erie Railroad CoGen mtge ino 4%s
—
series A
"112
1st
2000
cons
mtge 3 Vis
ser
155
102
106%
2
111
127%
81%
v
103%
106%
95% ^6 1
M-S
101
"105%
100%
•
103,% 104 %
100 VA
100% 100%
"rf~«
1955
/.
j.,
,
.
100%
100 y8
102
85
98%
993/4
93
96
83
99
95%
*85%
87
"83
87
83%
84
69
71%
77
68
87/4
75
/?/ 96%
41%
39 %
33
44-
45
35 /a
69
*39
42
33%
623/4
50%
40%
73 Va
76%
38%.
"363/4
49
31
•; :'.
65
//',
60
•/
*
76
77%
"127% <•*.
•114% 114%
75
94 y8
128
136%
114%
•118
118
120/a
118
^.1962
series A
Little Miami gen 4s
•»•
100%
.2003
-,'yt
•
108
100%
100% 101
1954
1930
stamped modified—,.i>—
J....
*' .>•'
♦—
5s_1951
Lex & Eastman 1st 50-yr 6s gtd—-1965
Liggett & Myers- Tobacco 5s:
i.1951
►105% 107
M-N
A
88
...;;
100%
*85
Lehigh Valley Terminal Ry ext
65
65
—
Francisco Sugar coll trust 6s
i*
•
100
1 •
4s- stamped modified
2003
4s registered
^
.—2003
4V2S stamped modified—
.2603
4/28 registered —
—.—
2003
i
115%
66
100
Lehigh Valley RR—»
JOfttt.
•
5s
103%
1959
A—_—1974
ACertificates of deposit—
5%
115%
80
*76
1970
Lehigh Valley N Y 4%s est
100%
AM ^
__
1961
A 1st St ref 5s eerie*
107
1%
104-
1975
...
8 F mtge 3%3'ser A._L—...
/
Firestone Tire St Rub 3s deb
I Florida East Coast 1st 4%8__
188
103
,
1997
———1997
Leh Val Harbor Term gtd 5s_
92 £ 106
-94;
:
189
"102% 103%
/:
2%
2%
A-O
LehighvValley Coa'I Co—
'1st & ref sink-fund 5S.1........1954 Z
5s stamped
i——J
1954
1st & ref sink1 fund 5s_i—_"——1964
5s stamped-'™
—1964
1st & ref sink fund 5s————1974
5s stamped-—
1974
124%
75
65
967/a
-
157
103
*
V*—.
■'»
102%
105
"98
1953 ;
Ohio Div 1st 'ttitge 3 'As_1971
5
HSr "5
112
1990
ser G
H
112
112.//
*177
Lehigh Coal & Navigation Co—
120% 122%
2
.1
81%
2015
1964
1st cons 2s
:
1147/8 115
..1965
1st cons mtge 3%s ser E
1st cons mtge 3%s ser F
■
101%
106% 106%
_...j9oo
—
:
155
"101
1970
108%
•
99
'
2%s debs
East
72 1
65%
108
-
Lake Sh & Mich" Sou gold 3%s
A 1st mtge income reg.,
&
123%
"105
A-0
A
"112
J-J
tautaro Nitrate Co Ltd—
Electric
107%
122
71
J-J
J-J
1——1961
L
1961
1981
P 6s
1997
3s_
1964
ctfs
1959
105
99%
101%
•
A-O
>?4
106%
104%
105% 106%
r956
107%
98%
91%
3%s registered.'.
East Tenn Va ArGa Div 1st 5s
Ed El 111 <NY) 1st cons
•83%
104%
120%
-
J-J
J-J
101
A-O
85%
"70%
104 Vi 104%
53%
111
Ill
.
M-S
*5ADul Sou Shore St Atl gold 5S—1937
Duquesne Light 1st M 3s_;
.——1965
110 %
58%
J-D
Detroit Term St Tunnel 4%s
1961
Det Tol & Ironton RR 2% ser B—1976
unguaranteed
Kings County EfL &
Kopyers Co 1st mtge
fAKreuger & Toll 5s
60
58%
J-D
4s——1995
=
Plaitt
4%s
106% 10* 1
*108% 10ff
1.1965
Auto-Lite
109%
71
*73
■■
Kansas City
29 %
6%
AS)
1st mtge 4s ser
>
F-A
15s.—.-.*--1955
A Assented
1936
5 A Refunding gtd 4s_
A Certificates of deposit
Kansas City Southern Ry^
79%
65
Elgin Joliet
105%
76
A-0
-
64%
-
105
103%
A-O
1st 3s
>1950
A
—1975
Terminal Ry 2%s—*.1974
Kentucky Central gold 4s__,
—1987
Kentucky St Ind Term 4%s
1961
108% 110%
.•& ?: ii -.it' 'i'.£ f b
61%
gold
102 3/4
102/4
103
Kansas City Fort Scott & Mem Ry—
J-J
ASecoftd
105
85 Vi
93%
103% 103%
Kanawha St Mloh 1st gtd gold 4s—1990
J-J
.
92%
103
W*
1936
t
101%
100
M-N
M-8
67%
58%
►106% 107%
A-0
-
\ 9 A1st consol 4s
Edison
92
933/a
61
A-O
Jones
5AConsol gold 4%s—'
1936
fDenver St Rio Grande Western RR—
Detroit
54/4
92
50
.J-J
:
1959
27/aS—..1976
St Laughlin Steel 3%s—.1961
98
103/4
50
'
7
10*
94%
51
55
.May 12042
Delaware Power St Light 3s
^Denver St Rio Grande RR—
A General s
59
Z
107%
50%
duej—1993
mtge
89%
95%
94
21
53
J-D
106%
-
107 %
58
V;i'v
•
1st St
Morris Sc Essex division
•%.
Coll' ttt 4-6a—
102
105/4
18
193/4
Jersey Central Pow St St
..
97%
39
53
21
106
96%
v
James Frankl St Clear 1st 4s.
—■
104 % 104%
M-N
53 t
:
J-J
.
53%
102% 107%
16
103% 103%
"103%
"
A-O
106 Va
104
59%
58%
High
Low
A 95
6
98%
106% 107
V
59
j-j
July 1952
,' A 1st 5s series. B
.......1956
A 1st gold 5s series C—-—
1956
SAInternat Hydro El deb 6s
1944
Int Rys Cent Amer 1st 5s B
1972
//AAdjustment 6s series A
483/4
40
44%* 45
J-D
A-O
'
51%
42
1946
J-D
A Income
46
82%
J-J
60
493/4
■,
104%.
"85
106%
Bangs Bines
January 1
Sold
No.
100
100
'
A-O
Bends
High
"104
J-D
,.1952
f/'<Alst 6s series A
55%
49%
Dayton Union Ry 3%s series B___1965
N
•
'.
100
J-J
Indianapolis Union Ry Co—
'■
v
Ref & imp 2%s ser C_
.—1986.
Inland: Steel 1st. mtge 3s series F—1961
^International Great Northern. RR—
1083/8
104
^
gold 4s
vf
J-J
1970
1950
A—
.
101%
Dayton Pr Sc Lt 1st mtge 2%S.—.1975
v
Ind III St Iowa 1st
103%
1KC
;
75
101%
J-D
1952
deposit rets..;
Vo
36
:
__
104% 104%
••
A deposit rets
ser
A 6s ser B
«>•>
•*-
Illinois Terminal Ry 4s ser
76
102% 103%
102
102
"58% 60
ADeposit receipts
A7%s
35 \
■
J-J
3-D
1942
gold
1
M-S
1965
1955
receipts
RR
"39%
High
Low
No.
,
38%
*3v va
J-J
mtge 2%s—1975
Continental Baking 3s debs..'
Crucible Steel 3%s s f debs
fACuba Northern Ry 1st 5%s
ADeposit
J-J
—_—ly'ob
Consumers Power
High
38%
J-J
Kaage
Friday's
Bid St Asked
Sale Price
105%
Long Island unified 4s—^—.——-1940
/ Guaranteed ref gold 4s-_<--—
1949
4s
Gas St Elec of Berg Co cons 5s
General
1949
..
3s
Realty & Utilities Corp—
A4s conv inc debs
1969
Goodrich^ (B F)
Co 1st mtge 2%s.I965
Grays Point Term 1st gtd 58
1947
Great Northern Ry Co—
v
General 5Vis series B
1952
/'
M-S
77%
"
-*>«•
77%
76s/a
1
A
*1013/4 102
M-N
.
J-D
Louisville
.
"
General
5s
General
4%s
series
C
series
1973
D
J-J
T
J-J
/
1976
J-J
2010
J-J
.1961
Gen mtge 2%8 ser R
101 Vi
J-J
J-J
ADebentures ctfs B
'
1959
Gulf Mobile & Ohio 4s series B—:_1975
Gen mtge inc 5s series A
—.2015
1st St ref 3%s series D
—1969
"60
Gulf States Util 1st M 2%s
•/--
A-0
-
/.
99 Va
65
79
A Manila RR
Mead Corp 1st mtge 3s
!■<*
73/4
173/4
102%
"1 5
104%
100
107%
77
104%
•
*•
•
"111% 115
Maine Central RR 4Vis ser A——I960
1st mtge & coll 4s ser B
1954
Manatl Sugar 4s sink fund—Feb 11957
■»»
98
.
101%
Jack Lans & Sag
Hocking Valley Ry 1st 4%s__^—i_1999
J-J
t§AHousatonic Ry cons gold 5s
M-N
Household
1937
Finance Corp 2 3/» 8.1—1970
1st s f 5s series A—1962
J-J
Hudson Co Gas 1st gold 5s_.i.«
-1949
Hudson St Manhattan 1st 5s A____1957
Ad J
income 5s
95
78%
M-N
104
109%
150
100
104%
99%
99
77%
78%
75%
109% 109%
sr
F-A
60%
109%
,22%
60
b
Minn St Paul St Sault
135%
99
•
A-0
.Feb 1957
136
99
J-D
Hudson Coal
a
136
,*90
100
104%
94
113%
/ 60%
22%
99%
"100%
lllindl» Belf tTelep 2%a sdrlee A—1981
Illinois Central RR—*,> ''
<
1st gold
1st
4s—i
gold 3%S
1.1951
_
■\ Extended 1st gold 3Vis_i.
Collateral
trust
'/ Litchfield Div
1st .gold ,3s
—1951
.Louisville Div. St' Term gold1 3%s.l953
Omaha Div 1st gold 3s
_195l
' St Louis Div St Term gold 3s_—1951
Gold 3%s
/
•
1951
———
Springfield DiV lst gold3%s_.—1951
Western
Lines. 1st gold 4s
Registered
——
lst.& ref 4%s series C_:
1963
page
2569.
97%
'
'rl*
-
M-N
•
M-N
/
*
.
-m
•
Ho
T04*
>
100% 104%
•/--s
97%''-97%
.
J.-D
.'•V J-J
'
91%
88 /'/ 107
>£:
F.-A
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..
106 r.v
101
75
1013/4
; >
102%
97% 106';
93% '103
93 %
83%
71/2
72 3/8
72%,
71%
1962
1978
Jan 1967
73 %
,
84
68
96Va
69
98%
1147/a
/
69%,
36
9
k
■„
.
V;/> '4
78
30
m
M-N
,
'
76% ^
76V4
20 Vi V;
76/4
:
79
76%/
*103%
f
M-N
_
M-S
70 %
99
;
-
94
-
103
103%
•
55
*
74%.
7 653/4
58%
833/4
98 3/4
89%
102%
103% 103%
105
-M-N
463^
102%
71%
63
99
103 'f.
100
.i.//;
62/2
V
M-N
14%
1053/4 106%
59
58
68
72
-r
*.105%""ii-i'.-1'
-V 101% 101%
-
series A
72
102%
64%
65%, 103
23%
65% 102%
77%,.
72
__
68
66% 102
-78-7
,7|
'J-D
gtd 3Vis-——2000
76%—78- '
29 - -31%" '
75% 78/4
' 76/4 77%
29 -/ 21% J
102%
97
-
M 5s
16
70
82
1962
_1955
;V ,; Constr M.4Vis series B
—.1955
Mountain; States Tel & Tel 2%s_—1986 1
Mutual Fuel Gas-lst gtd 5te——-—1947
Constr
l073/4.
106%
:
80%
lst gtd bold 4s—.1991 ', /; US
Morris & Essex 1st
•"
•;
8T
40
series.B—..1966 ,
Montreal Tramways- 5s ext)
1
.1951 J
Morrell (John) & Co 3s debs
1958
973/a
97i-
18
Monongalia, Ry .3 V!*s
108/2
102
,-,"981/4'102''
ret
V'y-jv
>
113
56%
-
106%
'
.
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??
H
'l
.
J-D
A
,'93
.
ref
■T
97
;
-
96
1
.1949 ; ■/' M-N
■: A-O
gold 5s series4 H-i.—1980 1
-F-A
5s series I———1981
5%S
Moh'k St Malone
V
104%'
88
3
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J-J
-
gold
A 1st- St
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98%"'
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'
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78%-
107 3/4 107%
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J-J
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99
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9499Va -99%
4 -v
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r
A Conv
108'
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k--
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v
—'-/?r
'//
^
F-A'/./
1963
1st ref mtge 4s ser D———...1963
see
*102#'?^v
//' * 101 %
100%' 100%
1951
CI Cent and Chic St L Sr, N O—
Joint 1st ref 5s series A
i
Fof footnotes
■
.,
100% .104%,
M-N
.
v
•'
104
A 1st Sc
A-O
//Collateral trust gold 4s.
—ul953
^ Refunding 5s_.j—
;
1955
40-year 4%s...i—.11i...—1966
Cairo Bridge gold 4s
1950
^
J
'
adjust 5s series A
108
10T
k
109%
56%
56 %
102
101%
"5/1:
"109% 110
^Missouri Pacific *RR CO—
r-a
A 1st Si ref 5s series A.J
1—1965
M-8
AGeneraf 4s;:
:J M-S
A 1st St ref 5s series F—
1977
A Alst Jb ret 5s series G/J/.
_._.I978 . -M-N
M-8
.—.1952
4
V
104
A-O
^
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f'i Purchased lines 3 %s„
—...1952
>
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JrJ
1951
gold 4s.
'
•
——1951
V 1st gold 3s sterling—
a
j-J
_1S51
—....
—
J-J
:
1003/4
Vi
"102'A 104
97%
97%
Jan 1991
1990
4s series B
Prior lien 4 Vis series D
A Cum
—
103%
28 Va
19
Jan 1971
40-year
25
75
103% 104
104108%
T-
Ste .Marie—
1st; mtge .4%s .inc ser A
AGen mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
Missouri-Kansas-Texas RR—
Prior lien 5s series A—
96
71
;
..
1951
.
•
103
87%
/*'/;■ ■;
—1966
3%s
89%
73
2
(Southern Lines) 4s__1959
Metropolitan Edison 1st mtge 27/as_1974
Metrop Wat Sew & Drain 5Vis
1950
t§AMet West Side El (Chic) 4s__1938
Michigan Central—
104
.
98%
30
101% 101%
"
;
101
gold 3 %s
—i.—1952
Ref & impt 4%s series C
1979
Michigan Cons Gas 1st mtge 3%sLl969
Jf AMidland of N J l§t ext 5s——.1940
m-s
106
15
1st
Hackensack Water 1st mtge 2%s__1976
105
111% 118
ii
91%
'"
113/4
94
102%
107
96-
••'•••
093/4 .993/4
-.
105
6
:'107
86
33
78% 80
*100/^101%
'Vv y'-mmrnrn
1
M-N
1976
'
'A*.
Atl Knox-& Cine Div 4s_.
•
''-'w-i'
.
107%
19
-94% 100%
103%
,
106%
—•
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106%
96% 97
104% 104%
^2003
2003
-1980
1955
-18
;
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—-ltfoo
'
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104%
134%
-
993/4
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23
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8
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8%
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•
A-O
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3
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Nashville RR—
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122%
129 Va
2
.
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mm mm
96
115%
:
■
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95
/,"/
89/4
94%
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Feb
Greyhound Corp 3s debs
;//-
101/4 101%
/ Feb
Bay St West deb ctfs A_.
8
101V4 102
■
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'
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r
;
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18
:
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J-J
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—
J-J
2000
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1163/4 117
1293/4
1990
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A Green
1
St
&
107%
104% 107 %
115%
"114
1951
ref M 3%s series F_
1st & ref M 27/aS ser G
1st
102 %
102%
*102 Va 103
fs-
:
1949
—
/——.--1963
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89
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stamped
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79
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•
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,
'
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87
--80
Nashville Chattanooga St St
J
';
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703/4
102 '
-
96%'
National Dairy Products
Louis—
-
1986
2%s debs_1970
3s,.,..——1965
tAN&ugatuck RR 1st gold 4s
1954
National Steel 1st mtge
F-A
J-D
A-O
M-N
98
98
'
98
1033/4
1053/a
102% 1023/4
101%
104% 104%
103%
108%
108
118
*100
.,
•
-//,;/•
2568
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, November 18, 1946
NEW YORK BOND RECORD
FOR WEEK ENDING
RANGE
BONDS
Nat; York Stock Exchange
Interwt
or
■ale Prloe
Period
Consol
Gas
5s
oons
>^.1948
mtge 3s
1974
Jf-S
New Orleans Great Nor 5s A__
N O & N E 1st ref &
1983
J-J
1952
J-J
imp 4'As
New Orleans Term 1st
gtd 4s
INew Orleans
Texas
tANon-cum inc
5s
series
5s
A 1st
5s
series
deposit
1st
5%s
&
A-0
4s
Apr 1990
5Vis
1974
Pere Marquette Ry 3%s ser D
1980
Phila Bait & Wash lst gold 4s—
100
104'A
111'A
deposit
1907
83
109'Q
82%
82%
82%
84
83%
108
83
90%
80
104
__1954
*__
81
V;
A-O
87
1998
A-O
J-J
registered
1997
Lake
'
Series
85
80%
102%
90
114y8
88 %
88
Vr 109 %
F-A
77
F-A
87
95
F-A
74
———.1998
New York
Chicago & St Louis—
/ Ref mtge 3%s ser E
•
_1980
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B___1973
ser
4s-—
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ref 3%s
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F-A
2000
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106
106
106
118%
J-J
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112%
115 Va
115%
4s__
3'As
;
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:
ANon-conv deb 4s__
ADebenture certificates
w>;
;-.i
115
1947
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1940
,
J-J
75
30
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1954
ref 4s—June" 1992
Jr°pf,L& H®1}6 lst mtge 2%sll975
1st cons
gtd 4s—.
183
37
u%
1965
1st 3%s
1963
J-J
"ANY Susq Sc W lst ref
5s_-___1937
J-J
Corp
§ A 2d gold 4 % S-_
§ A General gold 5s
SATerminal
1st
>. "
J5A N Y Palls Power
West & Bost
Niagara
lst 4'As
///Gen & ref 4%s
■J
2014
_
A-0
reSistered
Ref
Ref
__1974
Ref
»•
Northern States
(Minn)
2047
i
(Wise)
19%
1977
J-D
'.^'
MS
&
lst
mtge
1st-
Z~Z_2047
'
73%
73%
/
k'-i1#:"* "u
ref
6c
ref
106%
90%
A 1st
104% 107 V*
104
108%
95%
3
"160
J-D
244
5
240
251%
95
105%
Af-N
ser
cons
1974
■
100
'
♦70
*
MS
4s,___
194a
•
1977
*125%
1967
1967
*108%
1969
*108% 109%
*107%
47%
1934
1949
Saguenay Power 3# ger- A
9%
10%
......
1971
.
lst 4g^^«,1947:,;
75
*'»:
72
A Prior lien 4s ser A
ACertificateg
101% 102
8
109% 109%
2
f
of
101>/s
106%
V
deposlt_«_..;
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21
1®75
F-A
ser~AlIl960
A-0
> /
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106
r
T
106% 109%
.
v
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f
>
108% 108%
1970
106%
lZ-.Z]
1974
Z"
106
103 %
1955
V
10
109%
4s
sterl
Cons
~Z
M-lf
1941
1971
J-J
J-D
F-A
A-O
1980
stpd
4'As
dollar__Z_MayTl948
series
General
5s
General
4'As series
Gen
Gen
series
deb
vjtge
For
footnotes
ser
see
;;
--
■
U-N
gold 4s_1968
cons
D_2.ZZZZZZZ
1st mtge 4s ser A.
—1996
AGen mtge 4'As ser A
——2016
tASeaboard All Fla 6s A ctfs——1935
F,_I
J-D
Union
Oil
& Sons 2'As debs 1966
debs
1971
105
110%
105
'110% '/
Co—•
103%
104
107
107
3s debentures
lst
page
2569.
Pacific
4'As
394
60/
ZZ ZZ/-
2
•y
2
115
122.
121% 121%
115
/
116
122
122
3-3
103
1 03
99% 100
103
103
105%
/
Pacific
1
y
104
107
104 Va
:
97 %
80 '
100% 105
97%
100%
126V T129 1
106%
.—
lst mtge 2%s ser G
•
1950
&
gen
&
gen
6s
106%
v
97
1986
J-J
.1996
J-J
97%'
106 g/
*
95
93
87
108
,vr>
114%
108 V*
107
90%
106%
g71
92%
110% >
983/4
100'A 101
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5
102%
102
102%
98%
'/ 101
36
101'A 101
95
05
A-O
1961
,
lst cons gold 5s——1994
Devel
106 %
'
105% 106%
& 105107
51
series A———1956
1956
1950
1996
1951
6'As_
Mem Div lst gold 5s
St Louis Div lst gold 4s
;
J-J
J-J
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A-O
A-O
J-J
J-J
,
'
•
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--
13
93%
88 y4
88'/a
14
91%
88 /4
92%
•
•
>•'•?•
20
v
,
90%
84%
*■-:
113
128%'
122
139%
113
135%
Southwestern Bell Tel 23/48 debs—1985
ASpokane Internat 1st gold 4y2s—2013
debs
1966
Stand Oil of Calif 23/4S
113'A
V
135 %
102%
34
1113A
Sunray Oil Corp 2%s debs
1966
99%
107%
Swift
1961
Standard Oil
&
Co
(N J)
deb 23As—___1971
2%s debs
A-O.
Apr
F-A
M-N
J-J
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v
102%
93%
91 y ' 97-
;
A
•
/
,
;
101
•
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109%
107
123 V*
110%
128
122%
135%
I
104%
109%
102
'i 5
100%
49
14
124
105'/a 105%
105 y8
145
15
■/ 7
116% 117
—
'
98%
45
101%:
113% 115
__
117
116
"13
120% 122 "
121
101%
.
y
•.
120% 131%
13
34
25%
101
RR Co—
2%s series F
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E-N
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lst 4s—
1st mtge 2%s ser E
Devel
7
%
-
107 V*
4
13
115% 116
103%
10.
34
114% 114%
V'/
1981
-
Southern Ry
104% 104%
:
125%:
107% 113%
102% 104%
__
56
98%- 99'A
r-4-V
MS
1969
4'As
lst mtge
*108% 109
V 64%
yM
-
A—.—1977
4'As
Gold
'
.,
(Oregon Lines)
Gold
/
108% 111
65%
97
Southern Bell Tel Sc Tel Co—
Southern
'
--
1963
io7%y
*104%
■
A- O
A-O
gtd 5s
Southern Indiana
34
96%
98%
*126
111
•
97%
101% 101%
99
105%
100%
«...
>90%
16%
98%
101%
—.—1979
J-J
———J—1985.':F-Av
Ry lst mtge—1994
J-J
__
56
*__
2
'"s/y
100%
109%
105
:
101%
70%
17%
96%
,97
:,/fe'^98%
F-A
J-J
J-D
A-O
1941
—1965
—.1976
97%
69%
17%
1
70
17JA
(
.
A-O
2%s
r2% debentures'
104% 104%
3-D
>
100
100%
,
F-A
111% V
104%
M-N
J-J
—
J-J
J-J
Southern
P-A
~~1984
'1952
Zl985
-
105%
104% 104%
103 '/a103%.
J-D
1981
—
42%
12
104%
Zl968
B
—
—
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19
60
S'i.
•
i960
3%s
3%s
«**WW
Z.1965
A
mtge 4%s series E
Conv
Af-N
104
'
,
106%
103% 104
A-0
1948
•"
sinking fund 4y2s
General
E-N
1965
""
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w
106 %
*107%
63%
4s
*
102%
36%
;
J-J
South Sc Nor Ala RR
*
debs
RR—
gold
,
V
J-J
inc
San Fran Term
A-0
-
100%
47%
47'A
51
106
V*104
—
J-D
98
,,
99%
106% 106%
101% 101%
101%
.1986
gold~4%s
87
106
•
1977
1985
108%
11
106% 106%
106
1979
debentures
Consol
107
94%
J-J
bond ctfs——No? 1989
4s
Skelly Oil 23/4s debs—
Socony-Vacuum Oil 2'As—
il'-i ui*- p ibtSM
'?h< r.
1
105% 106:
—
1971
Co—
Pennsylvania
103
Seaboard'Air Line RR Cch-
104% 105
—
4s
s
24
100% 102'A
~107«
St Paul Union Depot 3y8s B
Scioto V Sc N E 1st gtd 4s
106
100% 100%
"
1966
series E trust
ctfs__.
1952
Pennsylvania Glass Sand 3'As
1960
Pennsylvania Power & Lignt co^
lst mtge
3s
1975
3s
10
—
N" ^ tr*
Louis-Southwestern Ry— 1st 4s bond certificates-.-——1989
Pennsylvania-Central Airlines—
conv
74
20%
9
9%
U
100% 100%
—
3'As
108%
42
ifit
:'ie'v-:v21v;^
■
-.
*
.
-
'ACertificates of deposit gtpd.i
St Paul & Duluth lst
Paterson & Passaic G & E
cons 5si 1949
Pennsylvania
125%
109
107% 109%
^
J-J
iv 5 Alst term & unifying 5s—.--1952
AGen & ref gold 5s series A
1990
A-O
L___
s
125%
-
5g series B.^^—m.1950
ACertificates of deposit-
:
101% 105%
-
101%
109'A
MS
debsZZ]
Paducah & 111 1st
88
108%
i" J-J '
>.^...^.^.-1950
A Prior lien
•99% 101%
Jf-S
J«J.
J-J
A-O
-»
1st Louis San Francisco) Ry-^ >
95%
99% 101-
y
gold 6s
1996
2d :gold 6s_M__.._»-______M.>~._1996
fit L Rocky Mt Sc P 5s stpd_^.—1955
^
Electric Co—
debentures
.
109
—
—
48
1941
tlASt P & K C Sh L gtd 4'As
1975
„
2%a
115'%
49
Gen mtge. 3%s series Hi...
Gen mtge 3%s series I
fit. Lftwf Sc Adir Igt
401%
'
3s__ZZZZZZ~Zl974
series
104%
96
&
lARut-Canadian 4s stpd
If ARutland RR 4%s stamped
21%
L-
94
F-A
A-O
1st & ref mtgo 3'As
series I
lst & ref mtge 3s series
J„.
lst 6c ref M 3s series K
3s
188
101%
I960
& coll trust 4s A____1949
1§ ASilesian-Am Corp coll tr 7s
M
110%
107 V«
244
D—1995
3 Vis
Seagram (Jos E)
ref
1
*106% 108 7/a
Elec Corp—
mtge 4%s series D__.i
99% 100%
M-S
1904
lst & ref M 3s series
M
lst & ref mtge 3is ser N
Pacific Tel & Tel 2%s
108% 112 Va
163% 163%
Rochester Gas
Shell
lst &
109% 109'/a
.
45%
108
108
■
tSARio Grande West 1st gold 4s_..1939
•
Pacific Gas &
L"
110%
J-J
ACong. M 4%s series
2%s
RR 3s
•-
J-J
Reading Co l9t & ref 3VaS
Co—
Oklahoma Gas & Electric 2%s
Oregon-Washington
105% 107
112
113
.16%
19%
1968
mtge
'
v~. yV tl
J-J
_i975
3y2s_i
mtge,
/
3s
1972
mtge 5s—.-.-.—2037
mtge 8s
2037
ref
&
Revere Copper & Brass
tOgdensburg & Lake Champlain Ry—.
A
Ohio Edison
:
_•
1956
15%
0
«
127
*118%
4s
26%
107% 110%
105- .105
J-J
ZZZZl975
guaranteed
105%
127
127
*129
A2d
1st
-■
J-D
102%
102%
103 %
*
'
107%
,
J^f
1st mtge 2%s_____
1st mtge
90
v
__1974
Gen mtge 3 Vis series J
11AR I Ark & Louis 1st 4%s
*108%
Q-A
2047
\ 1st mtge 2%s
4
F-A
90
88
90
89
*103
E-N
"
Power
90
A-O
J-D
42%
Q-J
Q-F
2047
±
.
.
A-O
1959
1960
103 '/a
90
92
*88%
1948
series C——
St Jos Sc. Grand Island
1997
&
trust 4%s
-19%
Q-J
Jan 2047
6c
Coll
81
Af-S
_____
impt 4'As series A
impt 5s series C___
& impt 5s series D
J-D
MS
;
Gen lien ry <fc id
gold 3s
3s
registered
106
1958
A-O
___1974
series A.:
106
102'A
F-A
lst
f
M-S
Ry 1st gold 4sZl996 V
<fe ref 5s
103%
J-D
Public Service El & Gas 3y48
w'Z
/
J-J
J-D
1957
■
V;, V;'- A'//^^
1946
1950
1977
r:
r
Af-N
Northern Pacific
Ry prior lien 4s__1997
4s
"
;,r
F-A
1966
99% 105
J-J
mortgage 3'As
Gen
.
102% 104%
,
J-J
F-A
1943
3'As
105%
104 / 104%
1937
I
5s
Norfolk Southern Ry Co—
A Gen
mtge 5s 'conv inc_.
gen
*105
1940
gold
5SIo&.Wftern
North Central
■
VL-N
138%
Quaker Oats 2%s deb.
101
M-N
N
109-
'
-
73
& Pow ^%8
142
102%
111
5
102
A-0
lQ"eenS E1 ^
Y Steam
123
A-O
50%
/
10%
5%
„
125
A-O
tAProvidence Terminal
75
17
323
M-S
1993
J-D
93
100
.
123
134 '/4
126% 135
83
67
20
Z
Af-S
122%
120 y4
125
*—125
78
38%
20
J-D
S^ ^
y y 3o
43%
Af-N
'
32
17
202
70
M-N
116%
78
30
'.'v.-:r
5/'
J-D
..
75%
32
41%
,
,
30%
43
J-J
1st 4s
26
31
41%
—
J^f
77%
38%
105% 106%
—
,
if-N
ino deb——1964
lst
96
33%
F-A
fAProvidence Securities 4s
103%
4
38%
t..
J-J
4s^.^~::rr"i95?
2r]fn!io5 ^ West
41%
A-O
195*
21
105%
—1950
series C
lst 4s ser A
APittstoa Co 5%
•116% 119
♦__
124%
F-A
5s series B—.w—..1962
gen 5s
*110
1965
4'As series B
lst
Af-S
„_H^1954
6s__
mtge 4'As
*103%
E-N
Potomac El Pwr lst M 3 %s_—.1966
119%
827/s
87
Af-8
1st & ref
4'As series of 1927__1967
t A Harlem River &
Port Chester—
N Y
110%
,t
Af-N
1040
AConv deb 6s
t A Collateral trust
.
mZ
mtge
•1st
1947
^pANon-eony deb 3,%s
A
111%
106% 109
& Hartford RR—
deb
ADebenture
107%
106% 106%
*105
Z'
."
26
.10'A
102%
—
Coal—
lst 4'As series D
107
107% 107%
J-J
1973 "
;
105'A
Z :•"•/
-i
Af-N
9Mi
'
•
J-D
6c Chem lst mtge 3%s_1964
Consolidation
1st gen
J-D
/
Coke
lst
104%
105 % 105 »/a
-
*9
*103 y8 103 7/s
•
F-A
guaranteed 4y2s__1964
1st
105
102%
1949
_____
deb
ANon-conv
99%
103 Va 103 Va
A-O
" Z
F-A
1963
Pitts Young 6c Ash
106%
101 % 103 y2
'*,
107
cons
lst
93% 100%;
99%
F-A
Mtge 4s series A___
2043
Mtge 4s series B
__ZZ_2043
N Y-Lack Sc West
4s series A- .,.1973
mjNew Haven
99 %
100 % 100 %
1948
gold 5s
102
J-J
102% 102%
10%
11
4'As
Pitfs & W Va lst 4'As series A
A-O
103 V*
M -N
,
•
Pitts Steel lst mtge 4'As
lst mtge 4'As series B
106
1966
Purchase money gold 4s
N * & Harlem
gold 3'As
4%s series B.
/
98
1951
series E
Lt H & Pow
*98%
r—
■/;
-r
99% r 99%
93%
1965
N Y Edison 3%s series
D
1st iien &
:
'
"A-O
108
107
1937
3'As debentures
97%
80
.
108%
1053/4
102%
cons
Pittsburgh
.73%
99%
•
—
103'/4
I
Pittsb
100
1998
1998
__iy98
___
*125%
103'A 103%
Pgh Cine Chicago Sc St Louis RR-rV :-"'
Gen mtge 5s series
—..1970
Gen mtge 5s series B
1975
Gen mtge 3%s ser E_____.
1975
98 »A
.92%
<
105%
M-N
Series "J
99%
65
\77%
:
J-J
Shore coll gold 3'As
3'As registered
Mich Cent coll
gold 3 Vis
109'A
70'A
76%
■
A-0 'V
98%
137
142%
125% 135
106% 107%
Pgh Cine Chicago & St Louis Ry—
Series E 3'As gtd gold
1949
Series P 4s guaranteed gold
1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4s
1900
f
01% 107%
F-A
1997
v
95%
84
•/'•oioae#.'--
-2013
A
43
133
103'/8 103%
Phillips Petroleum 2%s debs.—1964
106
81%
83
107%
1974
s f 4s
deposit,
of
94
36
106
83%
ACertificates
High
106%
•;
106
*-
•
1961
2%s
ref
6c
64
5.
102% 103
3-D
lst
17
.
3S
90:7';
84'A
40
i7
<
Low
7'Z;
40
MS
'■
January 1
103
*106 .":
1977
92%
84%
94%
«,
series
73
103
P-A
1971
Electric
B
f§APhilippine Ry lst
77%
.
103
;
64%
F-A
series
5s
1st & ref M 2%s,
lst and ref 2%s_-i—^
87
:
Baago Btaod
Sold
No.
Apr
General gold 4'As series C
Philadelphia Co coll tr 4y«s
108%
103
103
Bond*
High
65% V
Phila
108
•
104
.
Friday**
64
1974
General
83%
y/Vy/« —;/
fZA SZvVy'
& Hud River
3%s_
3'/2s
.
^i/;yv;83%:;
F-A
1956
__2013
£ Cent
A-O
A Income
110
77%
A-O
V,e „& lmPt 5s series C___
N
1960
Peoria & Pekin Union Ry
118
107%
105
or
Bid * Asked
'
127%
118
*—
•
-»195tf
_
series A
impt 4%s
123%
107
104
deposit
A
Z Central RR 4s
Ref
„
Peoria & Eastern 4s ext.;
114'A
*101
US
*
103%
■
1947
105%
87
*104 .107
_
ACertificates of deposit-,^..,.....^^:
N
:>;>
Peoples Gas L 6c C ref 5s
110%
90%
109
*—
V
.'
82%
Z_
series
f.- ' tmim
.'■• "V
"•
_
C
of
107
120
-V
J-J
1954
of
•'
Week's Rango
Lect
■ale Prloe
High
89%
F-A •iM
1935
___
4%s series D
ACertificates
A
deposit
of
ACertificates
A 1st
series A
B
ACertificates
JJf-N
1953
Low
No.
109% 109'A
109%
Friday
Exchange
Low
Mexico Ry—
of
ACertificates
A 1st
&
yv
Stock
January 1
123% 123 'A
J-D
York
Intercet
Period
New
Ranfe Slnee
95%
♦87
J-J
Sold
__
*92
.
Bonds
High
*106%v
3-D
ItANew England RR gtd 5s______l945
1A Consol gtd 4s
.-.._»-1945
New England Tel & Tel 5s A
1952
1st gtd 4%s series B
,__1961
N J Junction RR
gtd 1st 4s
1986
New Jersey P & L 1st
BONDS
Friday's ■<
Bid & Asked
Low
Newark
NOVEMBER 15
Week's Range
Friday
Last :'V
102
__
47%
49
—
104 V*
107%
67 y2
107 y4
97%
99%
98
98 '/4
t
44
104%
*1043/4 105%
__
.
98 »/4
35
103
103 V*
12
103
103 Va
104% 104%
12
102%
106
:U
•
•
Nutafeei? 4543
iVolume'164
c.)
COMMERCIAL & FI^ANCtAL CHROklCLlE
THE
2569
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING NOVEMBER 15
..
•
^viu'u/i'BONDS,
New
Friday
Last
Week's Range
or Friday's
Bid & Asked
Sold
•
Period
/yyy;
Bonds
Sale Price
Interest
Exchange
Stock
York
-.Z
,
v.■>
Low
'
»•
High
Low
No.„
BONDS
York
New
Range Since
January 1
Stock
7.
-ZZy-y
.■■*-'
•
Friday
Interest
Exehangt
High
,
Week's Range
Last
or
BalePrico
Period
Friday's
Bonds
Bid & Asked
Low
-
,
Range Sine*
Sold
High
*January 1
No.
k
Low
High
W
Terminal RR Assn of St Louis-—
,<
Wabash RR Co—
Ref &
imp M 4s ser C_
Ref & Imp 2%s serie- ^
Texas Corp 3s deb
.2019
J-J
.1985
A-O
.1965
Texas & New Orleans RR—
1st & ref M 3 Vis ser B__
'V'S-v.V '+***
M-N
z
106%
1st gold 5r
Gen & ref M 3%s ser E-.
Texas Pacific-Missouri—
.2000
j-d
.1985
*101
A-O
j-j
Texas
ref
&
M
3%s
ser
V
137.%
103% 109,;
11
105
104%
* y,
.
Apr
-
.
-
Pacific
.1974
tt
"
'
101%
a'
97
97
,
,
;; 127%: 128:1
100%
100
93
99
J-j
;
A-O
.1960
j-d
.1949
.Af-S
.1961
nf-S '1:,
"
v,
*101%
—1970
;
110
Western
103
101% 101%
5
'
1
102
9
83%
99%
3
97
99
106%
—
96
I'V'v
:
90
88
107
97
8.
;
'106% 107
57% 57%
95% 107%
,
110%
103
16
Western Union Telegraph Co—
49
—
*91
M-H
105%
i';I 88% 104
131
—
99%
A-O
101
85
"86%
99%
debs
110
.
58%
102% Z
*100
1
106
102% 105%
:
99
57
152%
98
103
96%
157%:
1960
5%s
Warren RR 1st ref gtd gold 3%s—2000
Washington Central Ry 1st 4s—
1948' 7
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd—1950
Gen mtge 3%s———_
.—1967
West Penn Power 3%s series I
1966
Western Maryland 1st 4s
—1952
127%
27
'
1960
Baking Co
(subsordlnated)
101
zil;: 87%
(
Ward
103',;
:-2 :
100%
*-
j-d
yZ 5
;^;.;y
Apr
F-A
A Gen mtge 4s inc ser A
Jan 1981
AGen mtge inc 4%s ser B—Jan 1991
1st mtge 3%s ser B__
1971
108
100%
106% 107
A-O
.1990
&
128%
13
Walworth Co conv debentures 3%s_1976
.1970
C—
1st
11; 2
128% 128%
103% 103*%
'
82%
Pacific
4%s
F-A
Q-Af
I y
'.
F-A
*99
113%
3-D
56%
113% 113%
3-D
*106
104 %
102%
113%
104
117%
105
z"Z.
/
—
68%
101%
107%
5
*10iy4103%
1;
'
f»-r
l.z
y yy
—
J-J
108% 108%
9
106
109
A-O
105%
1051/4 105%
23
104%
111
May
inc ser A—2014
108%
102
101% 102
16
96%
116%
*
Funding & real estate 4%s
25-year gold 5s
30-year 5s
U
Union Electric Co of Mo
3%su— -1971
1st mtge & coll tr 2%s
-1975
t5 AUnion Elev Ry
(Chic) 5s— -1945
Union Oil of Calif 3s debs
2%s
Union Pacific RR—
1st & land grant 4s
v,
2%s
debentures
*102% 103
'34%;
A-O
f
J-J
-1970
J-D
104
102%
'
.
J- J
101%
F-A
103%
95%
1
.103% 104
MS
95%
-102
A-O
Af-N
103
30
100
10
100% 100%
1960
J-J
*§ A Wisconsin Central 1st 4s
A Certificates
Virginian Ry 3s
B——
ser
104%
66
V 67%E
M-S
-'
:
*106%
y
108
108%
/l
.
101% 103%
.101% 102
65
94%
64
91
■
y.y.1
70
70.
35 :'
67% V
'
—
■
,
':.vz:
.
'
*—100
-
106
"
106
«*«•'"'
109%
106%
•
103% 104
*117%
y.Z/ ■f'm
103%
—
73%
111
111
116
114
115
106%
106
123
.58
'
'45
75%
104
108
102%
t
90
07 1jl
20%
56
22%
51
OD
-
1936
jmt
24%
24%
*23
J-D
v
40
—
.
.
100% 100%
100%
.
25
3-3
*109%
—
rn
100%
y
102%
1m
15
EE
—
0 1
110
J-J
e
Odd-lot sale not
rCash sale
not
102% 102%
99%
'
'
33
.
74%
'
104%
117
—
yziz 1
.
.a Deferred delivery sale not Included in the year's range.
d Ex-interest,
Included in the year's range,
n Under-the-rule sale not included in the year's
included in the year's range,
y Ex-coupon.
115
*—
pound unit of bonds.
? *100%
—
J-J
*105
^
Af-N
104%
*
101
100
—
*—.113%
y__
A-O
1995
—
deposit—.
Wisconsin Electric Power 2%s
1976
Wisconsin Public Service 3%s__1-1971
Yonkers Elec Lt & Power 2%s_—-1976
*—
MS
,———1958
J-J
of
MS
1st & ref
mtge 2%s ser E
1975
Va Iron Coal & Coke
1st gold 5s__1949
Va & Southwest 1st
gtd 5s__
2003
''
72
72
cc
deposit-
§ASu & Du div & term 1st 4s
F- A
;
ssy——y,
of
M -N
f4s series B——————1957
Virginia Electric & Power Co—
S
y" 1st cons.
A Certificates
.
101%
99%
68
70
.,
56
101% 101%
,
J-J
1949
J-J
109
73
69
132
102% 102%
101%
A-O
104
99
45
1958
99%
101%
86%
Af-S
107%
93%
88
102 »/4
M-S
1970
1st mortgage 3s
Winston-Salem S B 1st 4s
1011 i 104%
102
31
901/4
85
M-S
V
Cons
M-N
1971
Wheeling Steel 3% series C
101% 105%
25
95%
*
"
104%
33;
102%*
100
Af-S
Vandalla RR cons g 4S series
A—1955
debentures
West Shore 1st 4s guaranteed
2361
•,
Registered
——2361 #'
Wheeling &.Lake Erie RR 4s
—1949 <•
Gen & ref M 2%s series A
1992 Z
102% 107
v
34vv.v 34'-:;
13
101} J 102
-1976
Ref mtge 2 %s series C—---•.. -1991
United Biscuit 2%s debs
-1966
U S Rubber 2%s debs
-1976
Universal Pictures 3%s debs__.— -1959
'
•
104 ! '
102
102
-1947
o
109% 112%
Wilson & Co
A-O
-1967
debentures
2%
*110% 112%
MS
85%
85%
3-D
1960
86 i/s
87
1951
Westinghouse El & Mfg 2%s——1951'
,
Af-N
86 VB
Af-N
—1950
-
123
99%
115
103%
•:-I'Mv.'-*—'/
SNegotiabllity impaired by maturity.
tThe price represented is the dollar quotation per 200Accrued interest payable at the exchange rate of $4.8484.
L- #
tCompanies reported as being in bankruptcy, receivership, or reorganized under Beotloa 77 01
the Bankruptcy Act, or securities assumed by such companies.
1
•Friday's bid and asked prices; no sales being transaoted during current week.
IABonds selling flat.
- -
104
122%
range.
113
,
^
107%
104% 105
17
.
NEW YORK CURB EXCHANGE
WEEKLY
AMD
YEAKLY
RECORD
,NOTlCK~€asli khd deferred
delivery salea are disregarded In the week's range unless they are the only transactions of the week, and when seUlng eatslde tke regalar weekly rang* are shows
a footnote in the week
in which they, occur. No account Is taken of such sale* in
computing the range for the year.•
in
In the following extensive list we furnish a
complete record of transactions on the New York Curb Exchange for the week beginning on Saturday,
;Nov. 9 and ending toe present
Friday; (Nov. 15). It is compiled from the daily reports of the Curb Exchange itself, and Is intended to include every security,
whether stock or
bond, iri which any dealings have occurred during the current year.
,
RANGE FOR WEEK ENDING NOVEMBER 15
tog K
New York Curb
>
Friday
Exchange
Week's
Last
-
Sale Price
y
Range
' Sales
STOCKS
for Week
.
of Prices
iy:yy.;.:/
'.yZy
Par
Low
ACF-Brill Motors warrants,;,,,.
Acme
Aluminum
Acme
Wire
Alloys
1
common
Co
10
A D F Co
8%
Products
Inc
Supply Mfg class B
1
Agnew Surpass Shoe Stores
*
Ainsworth Mfg common-——5
Air Associates Inc
(N J)
1
Air
Investors common—
Convertible preferred
Aireon Mfg Corp common
convertible
50c
10
3
Great
;.
.
Southern
1
pfd
Allied
Products (Mich) common
Altorfer Bros Co common
3%
Aluminium
Ltd
preferred
common
Beverage
Co
96
B
American
4% %
Gas
Electric
&
10
preferred
$2.50
convertible preferred
American Hard Rubber Co-
—25
Laundry Mach
-20
American Light & Trac common¬ -25
er preferred
-25
American Mfg Co common—,
-25
American Maracaibo
Co
1
American
Metal
Products
American
Meter
Co
Co
—2
Republics
American Seal-Kap
$6
Superpower
series
-10
common
Corp
—
American Thread 5% preferred- —5
American Writing Paper common.
*
Anchor
Post
Products
—2
Angerman Co Inc common
Anglo-Iranian Oil Co Ltd—
Am
dep rets ord
reg
Angostura-Wupperman
Apex-Elec Mfg Co
new
common— —1
Appalachian Elec Pwr 4%% pfd_. -100
For footnotes
see
page
2573.
Atlantic
Atlanti© Coast Line Co,
Jan
Atlas
111
Aug
12
May
Oct
10% Sep
16
48
29
163/4
100
1,500
100
107% Oct
v
:
3%
100
■
121
Nov
5% May
76
Apr^
.
150
47% Jan
52
61/4
300
3,800
5
Sep
41% Sep
1% Oct
40%
42%
4,400
225
3%.
,
' —-m'
47
51
ijii
Sep
5% Jun
Jun
54
.
15%
16
300
13
Oct
33%
200
32%
Oct
21%
.46
21%
22%
2,300
15%
14%
15%
3:.M
1,000
Feb
Aug
Jan
27
32%.
2%
15
36
33
34
32%
33%
6,000
15
34
100
19% Sep
26%. Sep
2%
15%
18
6
6%
1%'
2
551/4". 57%
300
33
Refractories
31%
Oct
18,400
200
15,80u
1,750
57% May
57% May
;;11% Oct
5%
Oct
1%
24"% May
11% Apr
.
Sep
.
,,
3% Jan
,
43
Jan
5% Jan
Oct
57% May
Oct
30%
Jan
89,
'
5%
8%
8
' " 8%
700
7%
Oct
12%
6%
6%
7%
1,300
6%
Nov
77/a.
7%:
Jun
15%
5%
■y 900
5
Oct
,
200
4%
7%
5
500
7%
200
113%" 114
120
4
t Oct
6% Sep
111%
Oct
7% Feb
Feb
Feb
17% Feb
7% Oct
16% July
91
Jan
55
Oct
5
Oct
13% Apr
24
Jan
38% Maq
1
Oct
18%
Jan
Oct
10 Va
Oct
22%
Jan
Jan
Feb
S8
Apr
26% Oct
26
7
6
41
May
63
May
300
■»
6%
12%
26
.—
500 "
11%
25 Va
600
•"
50
*
•
116% Jan
Sep
200
8%
6%
11%
11%
40
39%
40%
-2,300.
^.30
41 %
41%
41%
150
1
11%
11%
12
5%
5%
*
/
'
21
6%
v9%
May
Feb
Beaunit
Beck
Mills
44 -
40% Sep
11% Oct ;
.
Aug
20 ' Jan ;
;
x
Inc
■
22%
21
2.50
1
1
common
new
8
8
24
.
22%
21
.
3
Blue Ridge Corp common.,
—
—1
$3 optional convertible preferred—*
•'
& Co.——
/
•
British-American Oil Co
Am
American
*
200
13
13
,
3%
>i
1
42
Xl2%
6,100
3V4
.24%
y
42%
16%
y:,' 14
..
Oct ;>
Sep,
56%
Jan
39%
Jan
,
122,
30
34
/
Oct
150
Jan
Nov
y65;
Jan
15
200
Oct
20
20
21%
21%
,y800
18%
Sep
17 yz 17%
500
15%
Oct
1,200
4
Sep
50
25
NOV
4%
8%
70% May
Zy'v-''-V '/■'*
'{-V
25
Jan
Oct
30
7%
Feb
Nov
54%
137
4%
6%
21
.L 34
25
Jan
37% Sep
34
'V
6
24% Jun
■
100
..
137
;• 1-.-
Oct
40% Jan
400
200
35%
55%
24
50
3%
3%
34% Jan,;,
'
7 y; Oct z
200
....
33% May
9% Feb
July
203
E
19% Jan
21%
600
^
•
,
;
r
6% Sep
Sep
33'y Feb-'/
23 % Apr.-;'
18
31 %
Apr
27%
Jan
31% Feb
5% Feb
31
Feb
12% Apr
24%
Apr
36
Jun'
37
Aug
—
Tobacco—yJ
dep rects ord bearer.—£1
ord reg————£1
Am dep rets
21%
-
-
r
Sep
Oct
2% Sep
—
/13
/
* - ; 24 ,
Bohack <H C): Co common-—x-U—-*
7% lst preferred
100
Borne, Scrymser Co
—
25
34
y
y0vy
.y^'*■*%'*
Bourjols Inc —————;—*
20
Brazilian: Traction Lgt 4? Pwr———*.
21J/a ■
Breeze Corp common
1
17%
Brewster
Aeronautical
:
1 /E
4%
Bridgeport Gas Light Co
—
Bridgeport Oil Co
—
* *
7%
Brillo Mfg Co common———*
(S)
Oct
:34
3%
2%'*
July
39% Apr
y
f 18%
}
2"%
Feb
May
12
-
Sep
,5,000
—
July
32
Oct
Oct
3%
700
12
1
Jan;
Get
20
.400
4%
■25
Sep
21%
1,400.
.22
.
'
8
,100
w-
—
Mach Co com-*
common——^—
17
75.
164
Bickford's Inc common————1
British
Nov
6%
300
100
Berkey & Gay Furniture—i.——-—1
<
10% Jan
18%
550
7%
20%
4
& Hedges common—
——*
5
Convertible
preferred—yv
Blumenthal
Oct
*
Benson
:
Mar
12
5%
11,900
20
■7Va
20%
7%
1
Shoe Corp.
(A S)
Bellanca Aircraft
Sep
116% Aug
Oct;
30
-
300
,
6%
19%
5
common
Inc—
(L) & Co common
1
Beau-Brummel Ties com—1
Birdsboro Steel Fdy &
5%
7%
convertible A
$1.20
Basic
Blauner's
16
Nov
225
3,300
"*7%
5,300 V
3iy4
7%
--
;
Mayl
3% Feb
11% Jan.
8% Oct
32% Jan
24
Sep
Oct
,
'
^
12%
;
5t; (;6epj
shares
29% May
y
14% Oct
14
114% May
12,800
1,200
6%
30
Bauman.
Jan
51
Nov
16
'
Sep
m
8%
6
30%
■
Jan
Oct
9%
i,;
57%-
57%
6
Steel Corp--L»-^*ti*w^—«,u.l' -i
Barlow & Seelig Mfg—
,1 ■ ■
113% Sep
32%
5•'
American
?j
49% Apr
■
Feb
,
11
115% Feb
27% Jan
9% Oct'
1% Oct
f 1,200 4'L
''
3
700
:
U
1%
8%
8 %
57%
Corp
-
.
109% Jun
2,000
.4
'50
V
5,100' '
—
Barium
Jun
5%
Sep
37% Sep
.
pfd—100
—-.50
Bell Tel of Canada
49%
1%
/
Jun
Jun
Banco de los Andes—
11% Apr
63% May
1,600
'350-
10%
#■:
Fisheries———————1
Baldwin Locomotiye-r— /
1% preferred*
Baldwin Rubber Co common^
22% Jan
111% 111%
56%
;
B
5% Sep
/
10% Oct
1%"-1%'
18% i 19
'
Coast
Babcock & Wilcox Co
207% Aug
114 % May
48%
46%;
3,000
■
Voting Machine—
*
(BF) & Sons common——5
6 % preferred ——-———--25
Ayrshire Collieries Corp
———«—l.
Jan
80
50%
5%
17%
8
8% Apr
;
9% Sep
110% Oct
12
13%
1%
Feb
26
1,300
14% '
y
9%
•
25% Feb
2% Oct
521% Oct
65
50
y
Oct
500
y
90% May
X112
3,200
3
63
3
3%
6,900
12%
Automatic
Mar
Sep
' Sep
18% Sep
15% Oct
116% Jan
-
—
—
Avery
May
15
-
•
warrants
Atlas Plywood Corp————1
Automatic Products————1
Jan
Sep
13%
-
■
Jun
Oct
Sep
—£1
—1
Atlanta Birm & Coast RR Co
Jan
60
1,300
class A
Jan
16
:
of America
St Tel
Tel
Jan
300
3%
47%
Associated Laundries
9%
4,000
63
15
1,700
4%
•
High
15%
Oct
Oct
dep rects -reg--..:;
133%
Oct
4%
300
American
17%
•
-
———
Associated
18%
13%
36
6%
3%
4%'
4%
non-voting——*
10
22%
Oct
107
class A
preferred
Aug
72%
3
3%
Low
2,200
7%
4%
10%- 10%
•
common
Range Since January 1
High
7%
'
5% Feb
38
4% Aug
85% "Oct
1,400
112% 112%
3%
—1
——
9
v'y " 75
4%
16%
—2
com—. .10c
preferred
Nov
Sep
4% Oct
210
12
32%
American Potash & Cliem class A.
Class B ———————————————
American
3%
300
j
33
•
Oct
Feb
11
42
-y
"
12%
Ashland Oil & Refining Co——10%.
Associated Electric Industries—
•
Apr
23%
18%
—1
American
26%
21
68%
X70 %
100
American General Corp common-. .10c
$2
convertible preferred—^'— —1
Amer
4%
1
-
Oct
29
1%
Gas
7%
Sales
<
for Week
" Shares
4%
.,1.
———
Arkansas Power & Light $7 preferred-*
Aro Equipment Corp
2.50
7% Feb
Oct
1,000
no
11%
..A——————-m————-25;
American Cyanamid Co common
10
American & Foreign Power warrantsAmerican Fork & Hoe common
*
'
4%
1
1
Nov
Nov
17,300
107% 107%
*
10O
Central Mfg—
American Cities Power & Light—
Class
5 *
Nov
11
*
1
common
Co
American
ill
-
107% 108
Book
6%
12
9%.
5%- ys%:
107%
American
Common
Jan
3% Sep
"5%
.
9
—JL00
American
Class
"i
5%
175 y 181%
Car
Jun
Jan
13%
600
2,500
5%
112%
„
Natural
22
100
-
9
179%
—
Arkansas
700
-
3%
common——.———J*
American Bantam
Argus Inc■
30%
37
5
-
Industries
Feb
Oct
4
*
Aluminum Co common————*
6% preferred
—..——.100
Aluminum Goods Mfg
*
Aluminum
11%
.—
12% a2%.
1
conv
Low
High
11%
Oct
26%
12%
50
Alaska
'7'
8%
20
200
3%
11%
^3%
Alabama Power 4.20%
Vpfd——100
Airlines Inc
Alles & Fisher common
Allied Int'l Investing $3
"4%
-
3%
;is;Si&
*
f
Nov
4% Aug
""4
2
preferred
6%
70
—-10
Air-Way Electric Appliance
Alabama
1,100
20%
4
Range
of Prices
'
20%
1
Aero
60c
9%
20%
9
800
6
Aeronautical
-
Low
5%
Last
,
Bale Price
Range Since January 1
High
5
Week's
Friday
u
New York Curb Exchange
Shares
'
16%
17
17
16%
-y 17
100
16% Nov
21% Aug
300
16 %
24%
Oct
Jan
THE COMMERCIAL &
EXCHANGE
NEW YORK CURB
^i^.RANGE
STOCK S—- ■'.r
Last
Celanese
Amer
New York Curb
for Week
Shares
Low
British
7% Jan
500
4%
31
May
4% Jan
prior
Distillers
Bruce
(E L)
Bruck
Silk
~~
—
.
14%
1,100
,
50
Ltd
July
11%
11%
90p
15%
Bunker Hill <fc
IS
1%
21%
5,300
26%
Sullivan-
Burry
Biscuit
Butler
(PH)
rets
6
.12%0
——-
Corp
1,400
400
Am
Jan
ft
American
Calamba
.
pfd.
3
—£1
Estate
10
Fire
1,800
Power—
Jun
7
6% May
Octr
Oct
7*A
2,000
—.-1
insurance—.-u——
Tungsten Corp
Camden
3
5
17 v* July
12
lV/z July,
18
18
14%
3%
3%
28%
Apr
Oct.
22%
Apr
4,900
■f
24% Feb
Sep
.15%. Oct
1,400
100
".,10
3% Sep
38 Va Jun
8%i Feb
>
41 y*.
.
2iy» May
11% Mar
Harris
——25
*
22 y8
*
83%
Sep
Jan
107
70
Oct
96
36
Sep
65
Feb
•
95
Oct
110
May
9% Oct
12
Jun
—
Co
Co
Power
Dunlop Rubber Co Ltd—
Am
dep rets ord reg-——£1
Durham Hosiery class B common
•
Duro Test Corp common
1
Duval Texas Sulphur.
6%
15%
15%
5% Oct.
300
100
Bread CO' Ltd
—•
•
Canada^ Cement Co Ltd common——•.
Canadian Industrial Alcohol—
-
'
11%
Jan
15
'
mm mm
wmbhmVl'Ci
-•
.
22% Aug
Feb
.
Class
A
Class
*.
B
voting-.——..—*»,.■,,
non voting
13%
/
13%
14%
800
12%
.iliw.. ..*•
.n *
12%
13%
1,200
Canadian Industries Ltd—
7 % preferred
3/
.
,
—
Product®
Castle
(A
Catalln
Cent
M)
&
Maine
—10
«te
South
West
Co
Co
100
100
of
1929
common
Consolidated
SChilds Co
Cities
$6
,
16%
100
15
4%
2,000
4% Oct
100
19%
loo
16% Jan
11
Sep
18% Oct
68
300
1%
24%
25/4
*
146
147
14 "
11
Sep
Oct
Oct
184% May
41% Jun
166*
July
15% Jun
156
July
Co-
4% Nov
6
Aug
4%
200
3%
12,700
9
9% Oct
20
38
Mar
50
Jun
67
67
67
25
58
Oct
105
Apr
11%
12
Oct
3
7% Jan
Mills Inc—
-7.50
Colorado Fuel & Iron warrants—_—
—
Class
Community Water Service
Compo Shoe Machinery—
Consol G E L P Bait
4'/a %
4%
series
B
Mining
Corp
Co.
com
l%lSep
43% Nov
49
Jun
15% Oct
25
July
79
900*
70% Sep.
91
Jan
30
115
Apr
107% Sep
121
300
1,900
7% Sep
118% 118%
8%
77%
79
•
3
18%
9%
Cook Paint & Varnish Co
:
*
3
i8
9%
$8 preferred A—_—
Cosden Petroleum common
5%
Courtaulds Ltd-*American dep
,
*
5
Co:
1
(Md)_——
600
8%
Oct
0
3,100
14%
Sep
33
50
3%
3%
41
Sep
14 ya
Oct
39%
45
Sep
53 %
20
109
Jan
11,900
> 925
45
11%
600
111
111
Sep
6
Oct
*2% "*2%
90
1
Oct
26% July
7%
119
1,400
Jan
Apr-
6% Jan
44% Aug
25
*
—
•
-
-
27
2%
7
—
„{*
.
27%
2,900
11-
*0/4
&%
5%
2%
i 1600
Oct
2
1,100
5%
5'% Oct
Oct
24
5% Sep'
:
22%
24%
.
5,000
preferred
Oct
105% Sep
common——
13%
Sep
6y.
Lighting Inc commonCo (Mo);
ey® Apt
Sep
20%
Oct
Jun
36
Sep
2'.): Sep«
22%
May:
10% Jun.
25
25
May
»% Feb
21% Apr
23% May
19% May
9 ;
Sep
10% Oct/
/
Jan
38^
Oct
2^00-
12
II
24% Mar
2,900
11%
2 k
.
a
■
60 , Apr
36% Feb
108
May1.
38% Jan.
13%
Feb
20
Curtis Mfg
Apr
4% Jan
66
Jan
11
Sep
22
Feb
Nov
34%
Jun'
17%
8%
16
18
Jan
40 V2
4% Sep
20% 8ep
:V
Feb
26 V2
9% Nov
4%
22
v"
12%
12%
11%
28
12%
Jan
Jan
20
58
53%
Oct
70 V2
Feb
Sep.
13%
Oct
17%
37
Oct
2% Sep
38% Nov
18
Oct
31%
Apr
5% Oct
8%
Jan
2
2% :
2%
38%
38%
1.200
5%
5%
20
29% Jan
Sop
3
100
3%
3%-
Oct
2,100
9%
350
X37% NOV
41
13%
14
X37%
40
13'A
14
1,200
13 V*
Oct
25
25
400
23%
Oct
Sep
Aug
40
80
110
'
17
Oct
42%
Oct
■
-
—At
Jan
51
27 Va Jan
13*
Nov
150
Jan
7% Mar
7% Mar
400
8%
8V2
35
'
v
39%
Inc
Co
Feb
Apr
Feb
Feb
57%
16%
30% May
;■
Feb
10% Jan
common—-—6
14
July
July
5%
Fireproofing
105 Va
$6
$5
convertible preferred
•.
Yellowknife
Gilbert
*
■
706
85
x94%
3%
104%
1,500
Jan
85
Nov
40
3
1,400
Gold
1
'
Mines
5%
r.ood'
21%
—::50;-
common
;
Coal—
Globe-Union
2.50
*
5
Intf—
(Adolf)
—^
Inc common—
Godchaur Sugars class A—i—
B
- -
H
—:—
Die
Sep
Sep
Oct
Sep
Sep
;•
19%
:
A
,
7%
"
48 .y
9%
....
.,
.
:
;
v •
:
96%?.x99
:
16 */a
26%' Jun
8% Feb
;,789'-;VFett \
/
'./."Feb ,107 " Aug
Oct
Jan
# v;
Jaa.
j.,-53".;:-^.Junr;
Sept<.
.7 22% Apr
;^:.71vV. Jan
Sep
;
i;
14 ya- Oct:
17
••'•:•
93%
•;7J::150-
■
40*74. > 41%
18%
19*%
....
Jua
xa va vcf-,.'.,..-! 1 ■/*
47*A:-Jaa
15%>Oei-;
7ya,:'GC«^
May
-
4,000
r
7.2,000 R
..1,600.
..
,
400
v
147
Apr
July,/
46% Aug
:
16 %- Sep
7
13%
Jan
xlll% May
V
*
135
Sep
131% NoV
20
131'A. 133 ; ;
25 )
Feb
■
-■'•
•
——;—•
48 y«
;.350~
Jan
28
Juni
24% jah
J
10% Mar
iioo
21*/aV ..: 2,200
_;.:300.
7%
.600
10%
141A;;15%
.
68
4,600--,^1% Sep
:
12
56%
54%.
i
Grocery Stores Products- common—25e
100
Gulf States Utilities $4.40 pfd
3*
4%
30
12:
—10
stocks——
f
preferred—————-100
:
24
-rI% «:'1%
pfd—23
'•>; Non-voting common
Tap. As
5%
Feb
:103 !
*1%:
Rapids Varnish:————JL
Gray Mfg Co—-——
-5
Grayson-Robinson Stores.—:—;
-1
Great Atlantic & Pacific Tea—
1st
Great Northern Paper:
■Q
'
29% Apr
13%
:
;
18
1,180
1,700
:
.
,
Oct
18
1,800
14'/a
28%.
Grand
Greenfield
43 V2
Oct
Sep
57
—f
r
Graham-Paige Motors $5 conv,
1%
Jan
19%
..50
Gorham Tnc class. A—
Gorhant MMO yw—
Mfg common:.; "
19 :
4%
1
*
1.
Goodman Mfg Caj__j—
VIU1UAUI
20%
18'A
13%-
-preferred:
Consolidated Mines
1,600
18%-
*
——1
$4.50' prior
Goldfield
113
111% Sep
6% Oct
Oct
i8
•
J.
Gladding McBean St Co
Gleaner Harvester Corp
Class
May
52%
21%"
•
•
Gilchrist Co
Gobel
Jun
•
6% Apr
27
(A C)
Preferred
Glen Alden
.
110.
Jan
110
6'/8
140
NOV
111% Jan
75
114%
8
Apr
Jan
23% Apr
Oct
X94%
120
X94% 102
113'/a
31%
109
Sep
11%
,
3%
10% Apr
12 *A Feb
Sep
Sep
100
17%
.
85
Oct '
20
mm*
preferred
Giant
16%
16%
.Georgia Power $6 preferred
24
18% Feb
lT'AFeb
Sep
3%
100
105% 105'/a
"'3%
1
•
•
1,600
4
23*/a
\ 23%-
7%
8%
Plywood Corp.———
Corp com^
Sep
9% Jan
8%
4
100
pfd
Oct
July
107% July
14'A Jari
4
*7%
7%
common.——•
General Shareholdings
>
5
5%
3%-
18 %
Jan
15
—100
I
Jua
22
Jan
97
common^,:-—*-*
Co
General Public Service $6 preferred—•
3% Feb
13% Oct
50
3%
Feb
Apr
Apr
.
16
Sep
Sep
10%
9%
4%
22
Alloys
General
44
1,300
41
Oct
2%
—
General Outdoor Adv 6%
14% Febb*
1,400
112
26
11%
Warrants
July
7% Sep
8% Oct
1,900
111
19% Sep
Co
stock
Power
General
Feb
24%
l%t
45%
9
"2%
Co—
—•—*
Gen Electric Co Ltd—•• Amer dep rets ord reg
—
£1
General Finance Corp common
1
5% preferred series A
10
Nov
1,500
-
Curtis
29
4,050
17
Crystal Oil Refining commoni$6 preferred
Cuban Atlantic Sugars——;
Cuban Tobacco
17%
1,300
150
14%
—1
preferred
5%
17% May
Crown Cork International A.
Crown Drug Co? common.—
1%- convertible preferred-tii-
5%
1,100
16V8
18%
.45
—
A)
(Geo
conv
General
95% July
«% Jan
1,400
15%
30% Apr
19%
X50% X51%
15%
-1
Gellman Mfg Co common——..
July
112% Aug"
12% Jan
19%
6%
&
Stores
Gatineau
Jan
5
10%
11
Apr
4% Sep
Sep
'19
Jan
27
Oct
3%
pfd_.
conv
Garrett Corp
11% Oct
t
1
Petrol
90
—
—
receipts (ord reg)—£1
Crosley Motors Inc.:
Crowley Milner & Co————————1
Crowm Cent
14
3
——1
Creole Petroleum—.«—•
Croft Brewing
1%
| Oct
71% Jan
2% Sep
16% Oct
900
3%
•
14%
convertible preferred--——50
1,850
3
33
9/a
—
.
79%
17%
6/a
.
...
8%
33
—
Cooper Brewing Co
1
6%
Copper Range Co———9%
Reynolds——-——I
110
16J/»
17%
Cornucopia Gold Miftes.
——5c
Coro Inc common——————.—*
$3
Feb
400
109'
1
Corroon &
16%
Jan
12%
Apr
9
16
8*A
Sep
4% Oct
3,500
Feb
9
75
6%
166 JA July
100
150
' 132
5%
Jun
% Jan
42:
600
10c
new
-
48
Sep
Oct
10%
118%
5
10
Fuller
Jan
Sep
30
—
1
Steel
Textile
%
150
12%
9%
100
Continental Fdy. & Machine Co
41,300
—.'
100
Consolidated
Consol
Sep
24% Nov
2,500
32
35
4%%
50% July
4
10%;
78
& Smelt; Ltd
26%
Nov
27
2
•
Royalty Oil—&
78%
Brewing
Simon
Franklin
-
200
common
Consolidated
2,800
1,100
.3,200
5
aa
34
15
:
77% Mar
Oct
rets bearer.—
(Peter)
Jan
43
2%
1
preferred
Oct
68%
Fort Pitt Brewing Co
17% Apr
6% Jan
3% Sep
12%. Oct
2/4
Co
preferred series C
Oct
67
1,000
131
5
—
non-voting
voting
dep
Franklin
2%
1
Consolidated Gas UtilitiesConsolidated
24 A
ts
—
,
Biscuit
4 A
24%
25
Vto ext to 1956 new-*-——.
,
S
Conn Gas & Coke Secur common——4
$3 preferred
:————-*
Consolidated
B
Amer
25% Apr
11% Oct
1,700
'
4%
Commonwealth & Southern warrants—
Community Public Service
25
450
3%
3%
11/a 14%
27%
27
;
Colonial
——
13
300
71'/#
Ford Motor of France—
Fox
Colt's Patent Fire Arms—
38,800
69%
'
11%"
3%
12%
26%
16%
69 •.!••
dep
Class A
Mar
,300'
—-
Jan
15% May
15%
rets ord reg—.——
Ford Motor of Canada—
Am
Feb
10%
ordinary
Airlines..—-I
Sep
7% Oct
70
-
9%
Jan
15%
43
Cockshutt Plow Co common—'—-^.—•
Colon Development
Colonial
56%
4Va
32
200
--
40
.1
Oct
16%
21%
9% Nov
10 /»
*
225
-
1,000
Ford Motor Co Ltd—
200
100
Clinchfield Coal Corp
50
"5%
10c
1
—1
10 r
Jun
10
100
48%
8%
Jan
69%
100
% May
10
2%
98 Va May
V 45
15
90
•200
42
3%
—
46% PCtf;
.1
Engine St Airplane
.1
Falstaff Brewing
_•
Fansteel Metallurgical
Fedders-Qulgan Corp.
Federal Compress ft Warehouse Co—25
Fire Association (Phila)
10
First York Corp common
10c
Feb
43
1
4
625
15%
Fairchild
Jun
•
.
Illuminating
57
42 V2
71
1 f\
.
$2 div cum pfd
Fishman (M H) Co—
5(4 to $1 Stores
12%
4 /8
—
55
1
Equity Corp common
$3 convertible preferred
Esquire Inc
«
Eureka Pipe Line common
May
4
Oct
143%
;
Jun
May
Jan
19
Sep
200
-?■
14
-
Jan
104
V
92
Feb
88
20% Oct
116
10
1
125
1®
10
.
137
12%
—
———l
250
19,500
1,500
26%
152 V4
142
*
8,700
141% 152
150.,
10
Claude Neon lights Inc
Clayton & Lambert Mfg
Cleveland Electric
29
22
65% Sep
12% Sep
1% Oct
700
1%
8
Oct
8»/a
Cb common—15
28% Jun
®5JA
14 %
...»
Controller CoClarostat Mfg Co
V4 May
52% May
19
——
Empire District Electric 5% pfd
Emsco Derrick St Equipment
166 %
19
1%
—100
Stamping—
15
Oct
15
Sep
50 y«
48%
preferred
May
Oct
22 %
14%
1%
375
55
common—
Apr
53% May
52% May
10 Va Feb
4%'
400
62%
1
:
Inc.
Fairchild Camera & Inst Co
Mining—^.—-1
common
Products
23
—
—4
—
Clark
Alum
Electromaster
19%
City St Suburban Homes———^10'
Club
21%
21
4/a
—10
preferred
Auto
Electrographic Corp
106
Oct
5
60o preferred B_.
$8 preferred BB
City
46
19
"2%
60%
00
pfd
pfd
$4.20
97% Aug
34 % July
16% Oct
820
60
"2%
60%
formerly $5.—,
—•
formerly $6
——*
Electric Power &r Light 2d pfd A
•
Option warrants
—
$3.50
23% July
Oct
750
68%
21/a
5
preferred
Service
6
17,900
23
63%
-—-10
common—
Chicago Rivet & Mach
7%
6%
'21%
Jan
104% May
Sep
Sep
Oct.
65%
~2%
Share common..-—5
Electric Bond
Jun
14% Apr
10% Sep
51
Apr
Oct"
21/2
1
America
:
6 /4
22/a
66 /2
50c
_100
Corp common
Cherry-Burrell common
Chief
Sep
122
6%. Oct
84% Jah
12
Sep
100
--
100
Utilities
Charls
Chesebrough Mfg
Jan
Nov
.92
Oct
16% Oct
100
89%
54 y«
98%
63
Eastern Sugar Associates—
Elgin National Watch
preferred
Conv pfd opt div ser
Conv pfd opt div ser
Aircraft
2,600
14%
1
—
Chamberlin
350
--
100
ICent States Elec 6%
7 % preferred
Cessna
■'
8
Oct
175
97
63
$5 preferred
———1
Easy Washing Machine B———'•
Co—
preferred
Central Ohio Steel Products
Central Pow & Lt 4% pfd
Central
100
Jan
Jun
July
33% Aug
68
Apr
Nov
114
9
•
3
1,500
""950
97%
38
20
25
*—1
.
Feb
45
430
.
4%
45
v.4^:-'/;
3%
3%
Rast Gas fz Fuel Assoc common
•
4%% prior preferred
——100
6% preferred ——.
......10(1
Eastern Malleable Iron—
—25
Eastern States Corp
.
—
$7 preferred series A—
$6 preferred series B—
164% May
Sep
Sep
32%
common
Co—
Power
•;
45
.
new
Corp of America
3.50%
—
:
1*®
.
2y«
28
100
-* ;•.
Co common
—•
Carolina P & L $5 pfd———.——•
Carter (J W) Co com
1
Casco
*
750
.♦
25
Carman Ss Co class A,——
Class B
Carnation
4,800
1 /4
—.1
——
24% May
164%Nfoy
;■'
Canadian Marconi
Capital City Products
25% May
12% Sep
11% Sep
-
.
Fe))
Apr
20
13% Sep
25% Aug
Sep
'«*•*'"
Apr
10%
-
Canada
Sep
July
;r.
24% Mar
Feb
16
6%
22%
13% Jan
Sep
4% Oct
20
—
Jan
12% May
Sep
Sep
8'A Oct
23%
.
1,400
10
Ltd
Corp
Driver
,
.
6%
dep rets 5%
Sugar
California Electric
Callite
.
500
"9 %,
Aug
37
7% Feb
>17% May
39% May
Sep
7% Sep
•
& Chem Co
Ltd
Textile Co
Draper
Oct
2% Oct
100
200;
—50o
Wireless—
26
1
Jan
:K:3,v
1
—
Bridge Co Ltd
Dominion Steel & Coal B
Duke
Voting trust certificate®
1,600
CO i?
Jun
May
13% May
Sep
23%
•
1,800
Dominion
19 % May
Dominion
Cable Electric Products common——80o
200
,
3%
11'A
25
Domestic Industries class A com——-1
5*'/ vAI. 'JVMZ.I- 7.'
25
v3y8
13%
common
Co common!
Dominion Tar
Cables
24%
10%
21
180
9%
2,000
18
Divco
Dobeckmun
r
'viMc
£1
dep rets ord reg——
Jun
Jan
12%
10%
High
Oct
Feb
10
4,800
Ltd—
Co
Corp
Range Since January 1
Low
11%
145
*
com———50o
Feb
4
24,000
12%
12%
^_25o
common-
1%
6%
.
•Distillers
Shares
High
10%
—10
Products
for Week
Low
Raynolds Class B
Diana Stores Corp
May
30
400
x39
38
&
Devoe
Jun
Buckeye Pipe Line
Burma Corp Am dep
Steel
Detroit
8
7%
common—
CP common
Mills
34% Aug
102% Feb
3*100
—
preferred
Co
21%
19%
—
Sales
Range
of Prices
lO'/s
common———5
8% debenture
100
10%*
Derby Oil Co common
8
Detroit Gasket & Mfg
1 ;--;25:;iv.v:
3%
Detroit Gray Iron Foundry
1
Detroit Mich Stove Co common
—1 v- - 10%
—
$5
Week's
"
:.v;,
Pat
High
High
4%
rets ord reg-—
British Columbia Power class A—
Class B
Brown Rubber
Last
Sale Price
Ltd—
Forman
Friday
Exchange
Range Since January 1
Dennison Mfg class A
dep
Brown
NOVEMBER IB
STOCKS
Range
f Prices
Sale Price
FOR "WEEK. ENDING
Sales
Week's—
Friday
; :
Curb Exchange
New York
Monday, November 18,1946
FINANCIAL CHRONICLE
12 %
Sep
23%
Jan
28V4 May
116
16 Va
Jan
Jua
Gypsum Lime & Alabastine—
Davenport
Davidson
Hosiery Mills.
Brothers
.2.50
Inc.
conv
Dejay Stores common
For footnotes see
39
8'/8
Dayton Rubber Mfg class A
2573.
2,300
60
10 *A
page
8%
39
10 y4
Aug
Aug;
Hall Lamp Co——
Hamilton Bridge Co
Jun
Hammermill
16% July
34%
10'A
Oct
Nov
39
-
20*/s
Paper
.
9%
-9 WM
65/a "
28%
30%-—
900
8%
Sep
17% Feb
Feb
6%
Sep
IlVz
28*/2
Nov
52% May-
Volume 164
Number 4543
2571
CHRONICLE
|THE COMMERCIAL & FINANCIAL
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING NOVEMBER 15
STOCKS
:
Par
STOCKS
for Week
Shares
New York Curb Exchange
of Prices
i Low
Hartford Electrio Light—
——25
Hartford Rayon voting trust ctfs—1
Harvard Brewing Co
:
;
1
Hat
Sales
Range
Last
Sale Price
65
Corp of America B non-vot com—1
Corp
-—*
Dept Stores common—
5
—
.
.66
4%
3%
8%
4%
3%
*
„
4%
4
*8%
200
Hazeltine
14
14
14% '
Hearn
12%
12%-
13%
\ '
?'• '-V*,"
r
Hecla
-')•
-
;
•
-
'^"VlJ*"'.'1"
'''{j-
■
•
Mining Co!
Helena
-■*
-
•
Rubinstein
13%
14%
.
11% Sep
50
22%
22%
*
15%
15%
15%
100
12%
12%
13
400 '
—*
5% ft
preferred w w———100
Henry Holt & Co common
1
Heyden Chemical common
1
ft,
26%
50
53
Sep
87%
Jun
800
9
Oct
17%
Feb
7%
5,900
6
Nov
Sep
Sep
15
Aug
32% May
19%
'
—
35 %
Sep
Feb
140
;
—
.
100
25% July
May
Mapes Consolidated Mfg
(Harvey). Inc—
Oil & Refining
Hummel-Ross Fibre Corp
5
Humble
Lock
&
Mfg
■
170
May
47%
Jun
116% Mar
*
58
58
—5
18
15%
Co
5
Hussmann-Ligonier Co
7%
,
7%
59%
3,800
8,300
10
8
23 %
23%
48
48'
11
11
11
7%
-—1
1
42%
——•
•
8%
37
Jun
Oct
45%
Jan
60% Mar
10%
Oct
21%
37%
75
43
12
59
Oct
6
1,100
Oct
Communication
,
900
Jun
4Vo
8%
8%
Massey Harris common.——»
•
common..————11
$2.50 preferred
5ft conv preferred
Dividend arrear ctfs
Illinosi
Zinc
Co
25%
common.
16%
15
17%
10%
31
1
Apr
6%
6%
5%
3%
3%
3ya,
157/a
3%
15
6%
Warrants
6Va%
Metal
Iron
Corp———....25o
Textile
4%
Apr
Apr
Apr
16
Nov
6%
300
13
400
12%
2,700
4% pfd
100
preferred——100
100
—
Insurance Co of North;, America——.10
H 0 00 CV*
—
—
108% 110%
82
82
88
*
——
90%
91
400
'
88
92
"
30%
Sep
80
109 %
Cigar Machine
*•
International Hydro-Electric—
Preferred $3.50, series—
—.—50
International Investing Corp
1
International Metal Industries A——
123 v
82
112
Oct
•; Sep
33"%
39
3
Registered
Utilities
35
Oct
24% Jan
13
13
13
Oct
24%
14
15%
10%
Jan
3
•
common
Interstate Power $7 preferred.
Sep
32
28
Oct
1%
1%
20%
20
20%
8%
8%
8%
1%
—•—•
May
3% Feb
Oct
Nov
32
Mountain City Copper
Mountain Producers
Feb
3%
Apr
Jim
Brown
Class
A
Julian
&
Stores
Sep
18
6%
5%
Oct
17
16%
15%
Oct
33
Co
Oct
14%
14%
15%
1•
12%
21
21
10%
10%-
37
38
35%
125
9%
124 Va
Jun
33
pfd—
Jun
Aug
Kennedy's Inc
32%
& Co
Jun
9%
Feb
15%
■*
Lamp A
common
(Walter)
Jan
29% Jan
Kimberly-Clark Corpr^vv:*^
4%,%
preferred
Kings Co Lighting 1%
3%
'
"
17%
——
Co
50
10%
preferred
^
K
'
5%
5%
2,000
3%
lsy*
3%
3%
600
Kleinert
(I B)
National
National
National
National
National
11% Jan
'
\"
150
180
Sep
1,250
17
May
75
40
Sep
54%
Jun
5%
1,300
5
Oct
10 %
Jan
2%
3%
9,600
8%
8%
1,200
2
Sep
7% Sep
5%
25%
150
22%
134
30
132 V*
135 Va
20%
Sep
14% Oct
2,400
>
10% Oct
11%
"4%
;
4%%
Co
/V*
.....pV*!
New
-IV
L_:L
U
12
5
Lane Wells Co common—
1
1
5%
V 7
Machine
Sep
35
Jun
11% Nov
12
Nov
4y» Oct
Apr
7,300
4%
4%
1
Prior preferred —
—
Leonard Oil Development—
Le Tourneau
Line
•
37%
Loblaw
conv
Groceterias
class
—
Chain——
see
—
14% Jun
45
Sep
page 2573.
3% Apr
56
■
:
9% : 10%'f
60O
9% Sep
26%
W
41% Jun
33
Aug
20% May
33
Sep
32% JU*y
Feb
25% Mar
5
Jun
26% Jan
Mar
29% Mar
9%
—
—
20
A—j.
Logansport Distilling Co.1
Lone Star Gas Corp
common—.——10
For footnotes
liVa
14%
4,100
13%
14%
800
9%
17% JM*
;
20
30%
32
13%
12%
13%
11
10%
n
,
18
29
Sep
•3%
3%
V;
37%
Sep
12% Oct
1,000
23% Mar
Sep
x26% May
900
'
|4%
10%
Oct
15 V8
Jan
6,300
1%
Oct
4%
6,300
2%
1%
July
38'May
Feb
559
21
2%
22 %
12% Oct
300,
20
.
3_1%
Apr
4 49% Aug
Sep
14
3% Oct
14
Feb
Feb
Jun
IVA-'
900
108% Jan
10
Oct
115
II
24'A
Feb
14%
11
14%
200
11% Oct
22
Apr
Oct
19
Jan
Jersey
commott^—.i—*
Zinc.;-!.-..———-25
Park
&
10%
7%
<
>
89
8%
v.
•
; WQ
7%
23 y»
-
23%
Y State Electric & Gas
N Y Water Service
5%
1st
preferred
;
2d
Nipissing
100
■
23
|8
Sep
2,200
4%
3,300
3% Sep
2% V
8,300
Sep
54% Feb
74
71
'
•
12
•
•'+ 12
5Q
■!./■;
.
2;
.
9% Jan
11% Aug
100
—
12%
■. t ■■
12%
525
112 %
101% 103
101%
290
100
:
2,200
1,200
13%
r
2,600
13
v
1%
lVa
1%
9%
9%
9%
12%
12%
13
j
13
2%
2%
2%
6
Electric—
Sep
30
Feb
Noma
11%
Sep
22
Apr
North Amer Light St Power
18%
1,500
15%
Jan
22% July
$6 preferred
1
common—1
*
17%
6%
140
8V« Jan
116% 117%
116%
.
100
■
3,000
U
,
Sep
Sep
Nov
l\l Oct
Oct
6% !-'^; 4,100
5Va
Sep
139
143
<
19
64%
;jc35
26
450
132
Sep
Mar
Jan
Feb
Feb
111
Jan
95
Jan
18
May
123%
Feb
120
Apr
3%
Feb
13% May
26%
Feb
20%
Apr
*11% Oct
;Vl7V
.
18% May
4
Sep
17% :i8% ",.2,900
GVa':<
V^74, -Nov
8% Sep
13
July:
V 11% Mar
4% July
11% Nov
105 Ve Nov
57
Nov
23,800
9%
8%
1,106
130
57% ' 62
8%
22%; Oct.
—
150
a
105 Va 105%
62
Sep
45
50
55
21
32
Jan
8IV4 Feb
Sep
'
24%
-16% May
65 %
12%
common———!
—100
100
100
Oct
12% Oct
2%'
—
1
$5.10 pfd-100
Mines———
Aug
4
55
———
1
142
63
—
—„
Nineteen Hundred Corp B
Apr
Oct
2%v
—
preferred
?!:■■ Class B optional warrants
—
Niagara Share Corp class B com
5
Niles-Bement-Pond
—.—*
5%
4 35
4
64%
6% pfd———100
Niagara Hudson Power
Sep
6%
1,300
14%' |47/«i
Merchandise...—^...—.—.10
N Y Shipbuilding CopFounders
shares
Jun
Sep
,
117
20
121
121
City Omnibus warrants —
»—-.«►—mm.
N Y & Honduras Rosario——10
Y
108%
79»
350
N Y
N
12% Jun
Sep
6
300
7%
7%
87
14%
,
common.—————•
N'T Auction Co• comhion
*
25
Mining Co—1
1,700
>•
■
88
1
Arizona Land
11%.
26
v.;
class A
preferred——i—20
New Process Co
N
1% July
Class B
Locke Steel
7% Oct
27% Oct
13% Oct
Corp
10
Lipton (Thos J) Inc 6% preferred—25
Lit; Brothers common——
jun
Aug:
24% May
Jan
—25
Apr
26
Jan
Inc———1
Co.——5
Lionel
.
Vf 85
9% Jan
(R G)
Material
21
; Oct
6% Pet
1
,
v
14%
13%
-
Feb
15% Feb
Sep
13
——.5
Lefcourt Realty common
,
10%
S
University..
.14
Oct
Sep
31 VJan
B_—w.--——-_* ■'
Ext
23% Feb
Sep
15%
Langerdorf -United Bakeries class- A__*
Monotype
Jan
20
40
Associates
—•
preferred
——100
$2 preferred—...—!
*
New England Tel & Tel
.——100 r
New Haven Clock & Watch Co
•
Lakey. Foundry & Machine
Lamson Corp of Delaware
Salle
•
100
-
12
'
6%
Lake- Shore Mines Ltd.——'
La
.•-17
400
24%. ?4%
►
preferred—.—.100
Corp...—^—.—.5
Meter common
5
New Mexico
Lanston
Jan
Apr
160% Apr
36
Jun
21% May
20
400
24
19
19
-Li>. - '■
6% Feb
10%
32%
Oct
24
24
;5
•
Oct
135%
25%
25
*
r
";
New CIde* Inc
Class
Feb
19%
New England Power
i———,
fjM-
Jan
6
18% Jun
210% Jun
23% Feb
3
8%
(Herman)
Neptune
New
-
•
10%
-
43
,
Rubber Co
Brewing
IPeb
190%
National Mfg &
Nelson
Co common..
Kobacker Stores
Apr
20%
TV
2,400
wi
$7
Jan
9% Oct
5% Oct
3
Sep
18%
Nebraska Power 7%
M Co Ltd—
Knott'Corp common
Krueger
11% Jan
'
pfd B
Petroleum.—
(D Emil)
July
41%
188
common—5o"
—
'
'
Nesle Le Mur Co
Klein
Jan
6
50
Nov'
19%
41%
6%
Mallinson Fabrics——.....1
Stores common
1
Pressure Cooker com.
2
Rubber Machinery
*
Steel Car Ltd
•
Transit——12.50
Tunnel & Mines common
1
Union Radio——.........30o
National
National
preferred D
Kirkland Lake G
29'A Aug
; 19% May
107% Feb
20
1,600
——
King Seeley Corp
Kingston" Products-;——
Kirby
14% May
V
6% Sep
5,200
24
10
10 '
5%
Nachman Corp.....:.—■
New
common
.i...——•
National Bellas Hess common....—1
1%
Kldde
Feb
9y« Jan
103% Oct
8%
'V/-'-
*
—.*
National Fuel Gas——
Key
Jan
47
3
Oct
10% Oct
5,900
35
,
Oct
18
1,800
National Breweries common...———.*
Ken-Rad Tube &
9% Oct
Sep
10% Sep
Aug
6
31% May
Nov
-4
50
3%
3
Sep
28
700
12%
!
20% Apr
Jan
26
•
Kaleer-Frazer Corp
Kansas, Gas & Eleo 1%
Kawneer Co
Oct
3Va
15 Va Oct
7% Oct
200
24
Murray Ohio Mfg Co—...——;'
Muskegon Piston Ring
2%
31% Apr
10% Sep
'400
4
"
Jan
5%
14% May
24% Apr
Jan
25
9% Feb
Jan
17%
Jun
16%
14% May
62
Mar
Ma t
6%
*
Kokenge
12%
1
1
common
common
preferred
Jan
Ma;
11% Jan
112
Oct
9
14,100
30 Va
4
8"%
Muskogee Co common—.
Jeannette Glass Co
18%
—
10
Mountain States Power common.——*
Mountain States Tel & Tel
—100
13% Jan
Sep
Oct
1,300
3%
10 Ve
Moody Investors partic pfd
*
Morris Plan Corp or America.——.100
63
1%
3
4Vi
17%
—
——1
Montgomery Ward A-—-—
Montreal Light Heat & Power
16% May
32
Royalty.—
;—1
Iron Fireman Mfg voting trust ctfs—♦
Irving Air Chute——
.—1
Italian Superpower A—
11
3%
700
4
—.1
.———5
Society A
Montana Dakota Utilities.
7% Mar
11%
Investors
Oct
12
300
15%
4
12%
1
Molybdenum Corp..—,
PIbtures common
Jan
12
28
common—^60e
Monroe Loan
17% Aug «-
500
—•
10
Co—
Monogram
Jun
shs—•
*
Safety Razor B
International
Oct
12%
13
*
5
—
Products
International
31% May
20
13%
18
Sep
——10
coupon
shares.—
International
Jun
15% Jun
2,000
10%
17 %
4%% conv preferred......—.....50
Mining Corp of Canada—-.—,
-*
Minnesota P & L 5% pfd—.—100
Missouri Public Service common.—.*
Jan
3%
10%
Apr
Jan
12%
Products—
Miller Wohl Co
73% Apr
Oct
8% Apr
8%
26%
8%
100
10
4
Midwest Piping & Supply com—.T—
Mid-West
Refineries....
....—1
Jan
28
International Minerals and Chemicals—
W&rfAnts
—iu—irf-tr
Petroleum
Midwest Oil
Jun
48%
Steel
Midland
Jun
85% Oct
'
$2 non-cum dividend shares—.—*
Midvale Co common.—.—
Mid-West
Abrasive
50
112% Aug
107% Sep
10
600
——1
t
v
9
•
15%
Middle West Corp common.—*..——.6.
Midland Oil Corp $1 conv pfd
Jan
10^
International
International
Jan
14% Jan
Jan
187/«
& Lt
Indiana Service 6ft
7ft
preferred.
15%
•
£1
Indianapolis Pow
15%
11%
13
—
7% May
Jan
5% Oct
11% Sep
Sep
12%
87% Apr
5% Oct
Oct
2% Oct
1,000
6%
9
Middle States Petroleum class A 11 0.1
,' 'Class' B
6%
1 •«►'!;"
23
81
4%
6%
4%.
6%t
———.1"
Co.——
Oct
12
24
14% Sep
6 % Oct
109
Sep
4% Sep
6»/a Oct
63
Sep
6%
110% 110%
preferred————100.
A
Messabi
Sep
Sep
12
-'
Apr
Mar
47
:
Oct
14% NOV
'
—
Jan
22%
Sep
15
700
1,200
2,950
18% Apr
25
5%
Memphis Natural Gas common..——5
Menasco Mfg COi——*.i—^
1
Merritt Chapman & Scott
—.—•
53 y*
1,800
,
33
Jan
4%
10% Oct
Feb
11%
30%
Dredging..—
Mead! Johnson Si Co—..———.1
19%
-
Oet
Oct
36
39%
12
— -
.
Ireland
60
16'/a
16
L—*
-
Imperial Chemical Industries—
Am dep rets regis
—£1
Imperial Oil (Can) coupon
—_—*
Registered
i
*
Imperial Tobacco of Canada
5
Imperial Tobacco of Great Britain &
26
59%
16%
—
24%
60
50
-
May
6% Mar
Jan
Oct
9
11%
—-
Michigan Bumper, Corp....———....I
8%
Michigan Steel Tube—.2.50 - ''
Michigan Sugar Co—3
Preferred:
^.10''
10
Micromatio Hone Corp.——.....I
20
Oct
60
1% Oct
12% Sep
14%.
147/a
10%
•
common
9%:
' 2
1%
..
McWilliams
34
Oct
8%
*.J
-
■
Corp
56% May
1
'Ltd.—1—£1*
Participating
Illinois Power Co
Jan
Oct
Oct
21% May
40% Jan
—
July
63% Jun
Jan
22 V«
Co
2%
22
Mass Utilities Association v t o——1
July
7%
3% Sep
43%
Apr
APr
8%
Sep
Jun
18
200
—
5
Jun
100
48
,
Huyler's common—
1st, preferred..—
■—
Hydro-Electric Securities
Hygrade Food Products
x20%
15%
75
23%
•
$2.25 preferred
Com stk purch warrants
Mar
7% Oct
500
14%
4
...
Marion Power Shovel
Jun
75% May
48% Jan
18%
•
common
33%
22% Sep
.—
300
Co—><■
Marconi Internat Marine
45% July
:»
38% Oct
112
Sugar optional warrants
Mangel Stores common
—1
Manischewitz (The B) Co———•
McCord
Hubbell
15%,
117
26%
Jan
Jan
66
6
7V8
*
-
preferred——-
Hurd
lliya
16%
15% Aug
9% Sep
V.
45% May
10%
•
(Geo A) & Co common—
*
Horn & Hardart Baking Co
—•
Horn & Hardart common
.—♦
Oct
4,200
"
117
108
Oct
65
May
10%
Hormel
5
113
22
'—1-
12%
3% Feb
Apr
Apr
Aug
70
325
■
^ Apr
23% Sep
1,800
)
S1
175
75%
11%
Exploration
—1
Light $6 pfd...—*
Lynch Corp—..-———————«.—2
&
14,300
81%
Jan
18
66
10%
5
1%
1%
74%
January 1
High
Apr
16%
Oct
8
400
10% i
26% X27
-
10
—
Inc
Land
Louisiana
Low
High
81
Manati
Hoe (R) ts Co class A
Hollinger Consolidated G .M
Holly Stores Inc
Holophane Co common..
Horder's
9%
26%
48
Oct
r
15% Mar
10% Oct
103% Sep
30
106% 106%
19% Feb
20
3,900
Cp common————————-2
Class A_.
Heller
•
23% Apr
Oct
11
2,100
•
13%
2,5o
Jan
Feb
14%
26 %
13% Nov
4007
Long Island Lighting Co—
Common ctfs of dep.
7% preferred A ctfs of dep...
6ft preferred B ctfs of depu——
9% May
7% Jan:
Range Since
Shares
Louisiana Power &
*
*
4 7 Sep
3% Sep
7% Oct
J
300
for Week
el Frlces
;
Low
72%. Jun
Oct.
60
> 60
1,900'
-
Sale Friee
High
Low
Sales
Range
M'n Last
Range Since January 1
High
Week's
Friday
Week's
Friday
New York Curb Exchange
,\':h
V'
,5%. Feb
35
Jan
12% Mar
164
Apr
'
tM m-CMiWivaUilriWMIf
"i'.'J'A-OSm??:■;3>•;,
rJ:
& FINANCIAL CHRONICLE
THE COMMERCIAL
EXCHANGE
NEW YORK CURB
RANGE FOR WEEK
Last
Sale Price
''
North American Rayon class A
Class
Nortn
B
American
Northern
RR
36%
38%
,
600
■
Co
Lou)
12%
Oct
Class
St.
21% Jan
108 % July
5,700
Lawrence
St.
Feb
13%
300
V
Corp Ltd
A $2
Regis
•
pref
50
5
conv
Paper
common
Salt Dome Oil Co
in
pfd.100
59%
-—20
Northern
Natural Gas
Northern
States Power class A
25
Schiff
Schulte
Scovill
Apr
Brass
Steel
Co
Ohio
Power
Oklahoma
Old
4%%
United
Omar
common.
Overseas
.
Sentry
6%
*
Corp
class
Shawinigan
Co
Pacific
Lighting
Pacific
Public
$1.30
1st
Pan
190
.
27
,600
shs.
Patchogue
8Va
Rig
Reel——
&
Sep
i 15% Oct
200
43% Nov
Mining.
Water
$1
cum
preferred—
Pennroad Corp common
Penn-Dixie Cement warrants—
&
Power
Penn
Traffic
Co..
Penn Water & Power Co—
Perfect
Circle
62%
com
Ltd
Nov
.,200
400
Oct
5%
Nov
6%
Oct
62
7%
Am
700
40
40%
170
i
<•
shs
com
1
.—
6%
.
2
...50
.—5
,
10 %
;
...50
L.—''
58%
Standard Oil
6%
Standard
Pressed Metals
Preferred
>
America-
•
Products Co
Starrett
■
.
.■
•
.
(The)
$
V' ;
(A)
preferred
Puget Sound Power & Light—
$5 prior
preferred
Puget Sound Pulp & Timber..
Pyle-National Co common
Oats
—1
*• T
'
*7 'K '* ""7/■
—*
*
1
1
& Co common
Sunbeam
Corp—
Ray Drug Co
Superior Portland Cement,
Superior TcOl & Die Co—
—-wr-*
.Sun
;
Swan Finch
Quaker
Oil
Inc..——
Taggart
It
Corp—
Corp
common
Tampa Electric Co common
Technicolor
Texas
Power &
Texon
Radio-Kelth-Orpheum option warrants-
Raymond
Concrete Pile
,_r_
A
Roller
Bit
10
10
common.
Co
Engineering
Corp
Rio
—
—1
Grande
Valley Gas Co—
'(Texas Corp) vtc
Rochester Gas & Elec 4%
Art
Metal
•
29%
33
54% "
,*• "1*5 *
b%
V
200
~
-
70
9%
22%
15%
22%
''30
-
375
1
;•
1%
400
26%
pfd F—*.100
Works
*
i%-;2:X107
X107
23%
23%
* •v ,10
700
5
5%
5%
7%
7%
400
19%
21
1,800
'
Consolidated
Ryerson & Haynes
For footnotes
common...
page 2573.
1
4% May
13% Feb
:
-r :«
•
;
Jan
110% Mar
Oct
.25% Jun
17
Sep
30% Aug
21
Aug
Oct
.
Brewing
Co—
&
Allied
;—-.
Stocks.
Products
Tobacco Security Trust Co
;
Ltd—
dep rets ord regis
! Amer dep rets def
Todd
—
Exports—.—
reg
Shipyards Corp
Edison 6% preferred—i
Toledo
preferred
Tonopah Mining of Nevada
7%
Trans Lux Corp..
Tri-Continental
warrants
Trunz
Inc
Tung-Sol Lamp Works
80c convertible
preferred
'
Sep
6%
Oc,t
Oct
17%
V.<VJ
4%) Jan
Apr: r
5%,' Oct<s
5
Sep
Petroleum...
see
.
13% Nov
•TZV-i'Oct-
—
Ryan
•
:
'
5%
.
Tivoli
Jan
^
/ 14% Oct
300
1
Co
49
Nov
common^.—-
Tobacco
Jan
Oct
•21%
15%
Roosevelt Field Inc
Petroleum
......
Realty & Construction.
Tobacco
37% Jan.
34%
14
Root
Rotary Electric Steel Co
..^.10
Royalite Oil Co Ltd
*
Kusseks Fifth Ave common...^—^1.25.
Ryan Aeronautical Co
....—1
pfd...
Roofing Inc.———
Amer
'
15/
—5
Feb
Juh
Aug
29 % .Jan
>■
Oct
105%
50
.
.
60
Sep*'
£1
14%
44
..
Oct-
5Va
2,200
-•••-•-
——2
Co..
Inc
Tishman
"
1
> >
2,200"
V,.-.
1
: 34
'
Oct
22
'-14%'
10,900
6%
/
-;v1-8%''N6v'-f
'•
Tilo
4% Feb
Sep
V.f}.•
2^'■
- ; •
20,100
24,;'. Jan
"
'
"54% Oct
-
---400
16%
b%
common
Light 7%
Land
Thcw Shovel CO
Sef)!
1% Oct
;25% Sep
■
100
^
:,8»4
26%
~l 7:
>
:/r;.
Roeser & Pendleton Inc
Rolls Royce Ltd— •
\y
Am dep rets for ord
reg
Rome Cable Corp common—
Ronson
15%:
*
warrants..
150
17%,
29-'
54%
'
&
14,900
33
5i%
f $m
•
—5
Goods
Richfield
Richmond Radiator
.
6
'
:
•
...
&
Rice Stix Dry
17
•
29
.
Reliance Electric
Oil
5%
—1
:
$3 convertible preferred
1
___•
Raytheon Manufacturing common___50c
Reed
•5%'
Oil
Textron
'
Inc
4.-.J.fiePv
9% May
11% Apr
44% May
,
Udylite
Corp—
; 19%
Jan
Ulen
15
Sep
Unexcelled Chemical
r,'
-
10%*. Feb
8%
-J.-
Jun
9% Feb
Realization
Corp
Corp.—.
Union Gas of Canada
Union
Investment
Co—
Union Stock Yards
]
———-J
common.
6% preferred
Quebec Power Co
Railway & Light Securities
Voting common
Railway & Utility Investment
Rath Packing Co common
1
—
B
,Corp«.-ij-i.'
'■
h
class
Sterling Engine Co.————-*•!
Sterling Inc————.—\
Stetson (J B) Co common
•
Stinnes (Hugo) Corp
5
Stop & Shop Inc
]
Stroock (S) & Co common—..
Public Service of Colorado—
6%
1st preferred
Pyrene Manufacturing—
10
1
Light
Sterling Aluminum Products
Sterling Brewers Inc—
Gas
1st
1
B——.——*
Tube
Stein
Corp of Nevada—
Prosperity Co class B
7 %
—10
—1
Steel Co of Canada—
—.
Producers
Providence
•
2.78
1
—20
.
&
class
Standard
common—
of
(Ky)
Power
Common
,"•'7'"
Inc
Co
Standard
16%
•
—.
Prentice-Hall
Brewing
e%
..100
Co
77
Standard Cap & Seal common—
Convertible preferred
Standard Dredging Corp common
6V2
.2.50
1st preferred
Mining
'*
J
■
common..
Premier Gold
' *1 *
1
-
7% Oct
5
Oct
31%
39% Oct
25
$1.60 convertible preferred
Standard Forgings Corp—
"Ki
—
Polaris Mining Co
Powdrell & Alexander common...
Power Corp of Canada
Oct
7% Oct
3% Nov
Sep
31% Jan
-
.
common
Pratt & Lambert
'VA,
i
Standard
—1
RR
12%
;
25
original preferred
preferrd B
Stahl-Meyer Inc
Ltd
115% Aug
31% May
10
Spencer Shoe Corp—-u—.*
*
;,
>6%
1
preferred series C
-25
Southern New England Telephone—100
Southern Phosphate Co new com
-1
Southern Pipe Line
10
Southland Royalty CO———5
40% NOV
Sep
Jun
Apr
5Va%
43%
*
—
20%
19%
12.50
Southwest Pa Pipe Line
Southern California Edison—
*
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common.
Pieasant Valley Wine Co
Pneumatic Scale
Jan
—1"
Coast Corp common
South Penn Oil common
_50c
common
L E
-5%
600
67%
7%::; 7%
40 %
Piper Aircraft Corp
Pitney-Bowes Inc
&
50
40%
Pioneer Gold Mines
Bess
3% Sep
:
Philadelphia Co common
Phillips Packing Co
Governor
Pinchin Johnson
16%
10% Jan
169%
South
100
Co
Pierce
Jun
24% May
Soss Manufacturing common
3%
:—
Pharis Tire & Rubber
Feb
Jan
Jun
5% Sep
—
Jan
12%
1
——1
8
Oct
Feb
29
—.——1
260
112%
Feb
35%
-104'/a May;
111% May
13% Nov
Manufacturing Co
-112%, 112y4
5%
5%
pfd
Jan
July
——♦
Sonotone Corp
Sep
,7 ;
—~—*
9%
3%
30% May'
7Va
•
Ltd
6
com
'Pep Boys (The)....
Pepperell Mfg Co
Pitts
29
Jan
—1
5%
,900
May
9%
—25
9
"
Jan
22
30
—5
—
common
Breweries
Solar
Light 4%%
'
>47
1
Solar Aircraft Co—_
Nov
56
...
Peninsular Telephone common
Penn Gas & Elec class A
Penn Power &
Nov
2% Oct
$3 convertible preferred
•
Simplicity Pattern common—*
1
Singer Manufacturing Co—..—100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas St Elec Co—
3.90% preferred
100
Smith (Howard) Paper Mills—;
•
Oct
500
Mills..
20
/ 5,500
Simmons-Boardman Publications—
Oct
39
250
Plymouth
3%
Sep
/Nov
•
Silex Co common——
Jan
11
Co
Parkersburg
4
400
Oct
3% Oct
,300
Motorg Corp
Parker Pen
12%i
i
46% Aug
9% Jan
.
514
Sick's
11% Jan
26% Jan
common
Venezuela Am
;
4% preferred ——.
——.—100
Sherwin-Williams of Canada
——•
109%
~
Airways warrants...
of
3%
Sep
11%
Sep
102% July
10
:
Service
American
Pantepec Oil
Paramount
3%
Sep
200
14%
4%:
Oct
4%
29%
Jun
Jan
1
Oct
10% Oct
800
$5 preferred
Light 7% pfd
Tubes
4
29%
.....
1,700
12%
>10%
f (;,5% July
1
;
.
38%
400
1st pfd
preferred
Page-Hersey
23,500
—-——1
*
common
36
common..
preferred
Pacific Power &
100
"
/
J
Oct
1
B
Sherwin-Williams
& Elec 6%
V
35% Jun
"15% May
;
Oct
Nov '
21/a
%
1
Shelter Mfg Co—
1st
mmrnrn
•
—
Control
Shattuck Denn
5% %
5
13%
300
34%
Seton Leather common.
Securities
Pacific Gas
32
5%
32%
14%
1
Hardware.
Safety
Serrick
shares
Pacific Can
32
6,900
:l'„ / 7.00 is
9% Mar
Sep
Oct
Allotment certificates——
O'okiep Copper Company Ltd—
American
Z;
5%
common
Semler (R B) Inc_
Sentinel Radio Corp
B
Inc
]: High
,
Oct
8%
stock
——,—.*.^5
prior stock——,
——25
$5.50
common.
Distillery—.—
Filters
.;•■
5%
21
Convertible
preferred.—
Natural Gas
Poindexter
Oliver
&
:
700
6%
3%
V2%
33%
:
3,700
12,700
5%
1
Selected Industries Inc common--
class B
Low
>
,
10%
'>-25
Selby Shoe' Co——————•
common
Co
29
3%
2%
v;
.
-*
common
(D A) Inc common
Manufacturing
Segal Lock
Ohio
9%
6
—-1
Co
73% May
15 V« Apr
Scullin
Corp
Range Since January 1
v.
7%,
28%
,
9%
.——5,
Securities Corp General
Seeman Bros Inc
Ogden
High
Jun
40
1
*
Northrop Aircraft Inc
Novadel-Agene Corp
Apr
7%
29
1
United Corp common
Savoy Oil Co_———„—
Samson
Northern Indiana Pub Serv 5%
Shares
62 % -May
'
—-5
1
50
-
for Week
of Prices
May
63
200
Sales
:
h
Range
Sale Price
Range Since January 1
Securities——•
Utility
Central Texas Oil
Penn
38
36%
Week's
;
Curb Exchange
High
V
38
York
New
Shares
High
38
—*
Northeast Airlines—
North
Low
*
common
Sales
for Week
of Prices
"<■■■':Par
ENDING NOVEMBER 15
STOCKS
Week's
Range
Friday
STOCKS
Exchange
York Curb
New
Monday, November 18, 194§ i
of Omaha.
30%
29%
Apr
Oct
140% July
,6% Nov
6% Nov
14 Ya
Feb
THE COMMERCIAL' &
Number 4543
[Volume 164
FINANCIAL' CHRONICLE
NEW YORK CURB
RANGE FOR WEEK
•
i:-.-STOCKS
v
Week's
■
of Prices
Sale Price
Par'
Aircraft
tow
•
.
6%
com— ..50c
Products
United
for Week
Shares
Last
New Fork Curb Exchange
United
Bales
Range
■Friday
High
.
6%
6%,
i
42
15%
United Gas Corp common*....... ..*10
—.7
United Light & Railways—
24
81
United Milk Products—*-.*—-
$3
13% Sep
20% Oct
19,100
-:?j 8l;;:/>
Mar
101,
A 7s series E..*
rets ord regis
.:M
x
—
'
United NJ RR ft Canal
..100
United
..25c
— —
tm—
294
;
Altalian
Peb
9%
500
1% Oct
4%
500
825
25
46%
46%
46%
120
1
11%
11
11%
700
Preferred
United
«
Specialties
common.*
'
Graphite common..
—
U 8 Rubber
22
15%
3%
3%
"3%
U S and International Securities..
:?■' $5 1st preferred with
U S Radiator common
19%
15%
20%
U S Poll Co class B—.*.
US
1%
8
100
13
;
..
1,400
375
86
13%
400
Universal
Insurance
Universal
Products Co
..■■VV4-':"1'
..
27
26
26%
common;—
Peb
Sep
28:
20
Oct
4%
20%
20%
20%
1,400
Valspar Corp common
$4 convertible preferred—
Venezuelan
*27
series
25%
—
Conv
/.
„**
Wagner Bakinr voting trust ctfs ext.**
1% preferred
100
Waitt ft Bond class A
• '
Waltham Watch
Pacific. Power ft Light
10%
;
:
.1
Wentworth Manufacturing
1.25
West Texas Utilities $6 preferred....*
8%
8%
'•••a'
•.
San Joaquin
400
Southern
California
Southern Counties
Westmoreland Coal..
Westmoreland Inc
T
':/■
ft Co..
28
41
35%
13%
13%
300
41
14%
1,100
*9%
600
21
23%
575
—
21
14%
13%
14%
500
Wolverine Portland Cement
Wtoodall Industries Inc
"*7%
*7% ~7%
200
9%
9%
800
11%
11%
100
•*—
10
2
*.*"■;
»Y:
"=■
Last
Sale Prleo
v.
Low
v
"
4%s
Assoc T ft T deb 5%s A
.**1955
**.1964
..
103
XXy
.«
•
108% 108%
:
$120
122
ioi'/s 101%
103
103%
105% 106
J-J
■
Sold
.
to to
:..
MS
Range Since
January 1
Bonds
Friday's
Bid ft Asked
High
r
MS
Atlantic City Electric 3%s—
or
:
'...xy
•$101
J-D
J-J
A-O
A-O
..*1953
-
—
—
•
'
-
117
8
59.
.
22
.-'•'1
.
;
98
105%
101%
108 %
106
109
$104%
$108/
103%
107%
108"%
..
106
1970
106%
22
..
108
.*
$101
102
96
99
99 /•
106%
78
,
V.
107
32
48
34
34
34
30%
1968
104% 105
104%
107%
1949
$106% 107
106%
110
103
*
$32'A
„—»
106 %
.
48
104% 109%
—
J
<.
,
111%
67
67
68%
$108%
-.
:^ftrT06
5s
116
.
58%
$115 %
91%
107%
109
115
„
110%'
106
—
'106"?
126/
-
103%
debentures.***.***
.
'
.
Interest
Fork Curb Exchange
New
Extended
:
5s_
103%
102
103% 104%
ALima City
Last -/y
1969
1976
1st ref 2%s Beries R_.—
1981
Consolidated Gas (Bait City)—
Gen mtge 4%s.
—-.1954
'
$78
•
High
78%
w-•"
CO
80
__
CO
nto
•:
J-D
% 92
F-A
$16
31%
5
92
99%
6
89
97%
27
92
32
A
25
"
J-J
f
24%
%
94
92
M-N
1953
27
$22
/-teas*.:-'
.
-
,
'$-.
MS
/■'.
21%
f
.
20%
31%
31%
.31%
.
23%
V
$30
M-N
J-D
%■% 5
'
31%
■
'"si ■/:
36
'
$52
M-N
A-o
J-D
t;
--
,
50%
V-
,
15 ZX
$20%
.97%^ 97%
/•/
J-D
...
■'
52
50%
90
27%
69%
37%
41
32%
~2
53
20 %
44
'
M-S
•
Lackawanna of N J Division—
1st mtge 4s ser A
*.——.1993
1st'mtge 4s ser
1993
•
Janoary 1
'>•;
.
AMedeUin 7s stamped
,
$78
X
Range Sloet
Sold
Lots
J-J
—2008
._....*—.1951
Mortgage Bank of Bogota—
f.v.
A7s (issue of May 1927)..
,1947
A7s (issue of Octi 1927).—*....1947
A Mortgage Bank of Chile 6s—
1931
Mortgage Bank of Denmark 5S....1972
Parana "stamped (Plan A)
Interest reduced to 2%s
2QQE
(Bait)—
Bonds
Bid ft Asked
High
—
^v»"■'•f
(Peru) 6%s stamped 1958
Maranhao stamped (Plan A)
:
' Interest reduced to 2%s
Week's Range
or Friday's
Friday:
.••••>•
Sale Price
A-O
.1952
—
Danzig Port & Waterways—
AExternal 6%s stamped
105% 106%
;
102% 108%
120% 126
■
$105% 106%
3s—..1965
Agricultural Mortgage Bank (Col)— ^
A 20-year 7s
April 1946
A 20-year 7s —
—Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
—I
1948
Danish 5%s
r1955
58%
.1969
ft Western RR—
105% 107%
1
$99%
Period
103% 103'/a
"
120% 120%
BONDS
102% 106%
108.
86
57%
—1950
Delaware Lack
w#-::
Foreign Governments & Municipalities
* 105
84
82%
;
.'; Debenture Bs————————.1958
•
^*'i;^gi60.;.; 172%
99% 104%
102% 103%
Q
107
1971
Penn Traction
6s conv s X
100% 104%
117
80%
.
1st ref mtge 3s ser P—...
101% 104
164
$104
income debs___—
108% 111%
120
124
103% 105
IA Central States Electric 5s——1948
A5%s
——
—1954
IA Chicago Rys 5s ctfs (part paid).1927
Cities Service 6s'**—**'*-*-—«*Jan 1966
1st ref mtge 2%s ser
$150
,
*110%
1902
Boston Edison 2%8—****.——» 1970
i
107
105% 108
| High*
106% 107%
——.
Gas El Lt ft Pwr
11
$103% 104%
Low
Bell Telephone of Canada—
* 1
1st M 5s series B
——1957
v
5s series C
1960
■'6o:nsol
107% 108
Week's Kange
Friday
Interest
Period
Debenture 5s
109
104
$104% 106
3%s*...1970^
Gas (Calif)—
Utah Power ft Light Co—
Debenture 6s series A
A 5s
bombs
Oonv deb 5s—————
91
106%
Waldorf-Astoria Hotel—
New Fork Curb Exchange
;
81
105%' 108
108%
$107
G&b
Western Newspaper Union—i
Bickford's Inc 6%s
106%
91
1st lien ft cons 5%s
West
Electric
109%
102
$107% 108
Wash Water Power 3%s—*
West Penn Electric 53—.——
Writing Paper 6s—-*. .**1961
Appalachian Eleo Power 3%s— .*.1970
*..2024
Appalachian Power deb 6s
109%
104%
:'/3
mtge 3s—
6s series A—
.
Associated
$73
;
47
100
United Light & Railways (Maine)
*
Amer
f8%
15
United Light 6 Power Co—
...5s
—£1
Wright Hargreaves Ltd
■?•.
9%
1
'
103% 103%
United Electric N J 4s
preferred w w*.*——*..—.......25
Winnipeg Elec common B W
mm A* *M
«•» mm
^
Wisconsin P ft L 4%% pfd
—*100
3
305
102% 102%
Spalding (A G) 5s^...*l*******,«*.1989
AStarrett Corp inc 5s
...1950
Stimes (Hugo) Corp— :
;,
A7-4s 3d stamped
19461
Stinnes (Hugo) Industries— ■,
A7-4s 2nd stamped^..****,
*.1946
250
^■■ -9 /
"1
9%
1951
Toledo Edison 3 % s
Willson Products Inc..*—^*—.—1
Wilson Brothers common
1
105
105%
106% 107%
101% 103%
'
1952
Edison
1017/8
108%
;
500
19%
/
10
•
.
108% 109 ;
$105
100
108%
:i
19
101%
101%
50
'
26%
ft Co—
Woodley Petroleum—*
Woolworth (P W) Ltd—
American deposit receipts
X 6% preference **—**..<—*
A-O
,
Southwestern Gas & Eleo 3%s
>3 3/1 33
27%
1
lv
10
Wichita River Oil Corp
Williams <R C)
1st
10
—
Weyenberg Shoe Mfg
Whitman (Win)
2,500
'
20
—
97
97
■
..
9%
4%s—**..***1979
California
Southern
—
9%
CO
9%
7
12
::
?
Lt ft Pwr 6s B
inc mtge 3s
Scullin Steel
,
West Virginia Coal ft Coke
...
5
Western Maryland Ry 1% 1st pfd—100
Western Tablet ft Stationery com.
*
?1
99%.
102% 102%
Queens Borough Gas ft Electric—
'
5 Vis series A^^^**^*^*i.^.i953"
200
-
105%
100%
101%
1964
6% perpfitual Afirtiflnat.pa
3,450
—
—
—
115
25
9%
..1959
...
Safe Harbor Water
•
111
--
103% 103%
1970
6,900
6%
7%
2% V 2% :
6%
Ward Baking Co warrants
Warner Aircraft Corp.
V;'
97%
105%
.'.^V'spps
J-J
Public Service Co of Colorado—
:::*
1,000
11%
108 Ya
54
Sinking fund deb 4s—.........1949
10
108%
104%
104
114
$105%
J-J
78
103%
1
Public Service of New Jersey—
100
4%
4%
62
26
,
3%s
4%s B—
"''_*
99%
103%
M-N
Lexington 1st mtge 3s—..*.1964
Pennsylvania Water ft Power 3%s_1964
(Can)
;>■
107
104
$106% .*
102% 103%
102%
y:
Park
Corp
105%
102%
:
99
99%
.
ill %
99%
5s.«L.***.1958
1st mtge 3%s—
14
105%
115 %
99%
98%
-iii,
^Ist mtge3s-*.-^.**-i***.i*M*.i97X;'
,
500
f
A-O
Ohio Power 1st mtge 3%s—.***.*1968
»
1
Co
Corp—
1
105
X, $112%
—
J-D
...
104%
112%
109
—A
$104
MS V V ,j',V
;
1948
Debenture 5%s.
-..^.....1954
N Y State Elec ft Gas 3%s
1964
N Y ft Westchester Ltg 4s
....2004
Apr
,
M-N
■
12% -1?
12%
—1947
5s_.
:
..
111
105
J-J
Jtf-N
w
,
101 %
55%
$57% 62
103% 104
:
M-S
'
1948
——
deb
Power
4%
27
$103% 104
105
.1961
New England Power Assn 5s—-1948
;
—
103%
88
8
106% 106%
—
—
A-O
2022
5s
New England Power 3%s
V-
■v
98%
6
96
;
112% 112%
......1950
50
:
Waco Aircraft Co
A
Amsterdam Gas
New Eng Gas & El Assn 5s
400
13
Vogt Manufacturings.
•66
91
*110
J-D
i.$ 6s
Apr
Feb
2,000
2%"'
13%
2%
2%
Venezuela Syndicate Inc
■
^W6%/;
6%
60
63
30
5
37
$105%
■
2,900
109%
109
6%
Petroleum
65
32
89
-*■
F-A
»
A5%s series A (90% redeemed).1948
11
59%
29
34
••••;'
J-J
..1956
North Continental Utility
10%
28%
32
5
35%
101%
101
4mm*-}'.
;
M-3
6s
ii V
10%
t'1,
J-J
Extended at 4% to.
-—.11963
Gas Light 4%s
1967
Power 4%s_
1981
7% Jan
3,000
35%
101%
J-J
Milwaukee
34% Aug
4% Sep
19% Sep
300
•
4%
65
3
2
.
•
Nebraska
,7% Jan
Sep
:
39
J-J
?;
...1970
Corp deb 4%SMidland Valley RR—
20% May
8% May
3
——
.4%
Utah-Idaho Sugar.—
Utah Power ft Light common
100
-
$35
*.
J-D
McCord
Jan
Aug
20
—
V-' 3
v
—
7%
22
800
3%
3%
y
—..
37
J-J
1952
Superpower 6s—;..***1963
Kentucky Utilities 4s^.
Apr
30% Jun
17% Peb
Oct
Oct
35
MS
New
'
Oil
Universal Consolidated
\
Oct
11%
3%
1,600
4%
3%
United Stores common......
.
2% Sep
90
W4
.
247/a
Mar
15
12%
warrants.
Apr
49% July
16% Oct
5,700
86%
Reclaiming—
84%
,
39
-*
'
Kansas Gas Electric 6s—...«_.«-.2022
Kansas Power ft Light 3% s—. 1969
Jan
73j/4
8
Sep
69% Sep
46
Sep
10% Oct
12%
71%
1%
js :
36%
39
37
Kansas Electric Power 3%s.*.*^._1966
Jan
8%
71%
Sharing——
Htgh
29
Aug
10 % preferred—.———*.— —10
United Shoe Machinery common. ...23
Profit
35%
*—1957
—...
1
35
39
V-A
(Aug 1941 coupon)—..*1957
A7s series F**..—*
*—..1952
A7s (July 1941 coupon)—*.—1952
Aug
8% Jan
284
Jan
•mm*
Low
High
35
A 7s
Interstate Power 5s
:
v
January 1
J-D
-..—.1957
Debenture 6s—
United Molasses Co Ltd—
Baage for
Sold
No.
A6%s (Dec 1 1941 coup)—1955
/
Oct
95
f. V
A6%s series C——...—..1955
37% May
85
Bonds
or
{International Power Sec—
,
Jan
Friday's
Bid ft Asked
Low
v
47
40
■V:X-f.- m*mm' V-.-y
preferred-
participating
<Amer dep
gO
Sep
Feb
32
700
25
23%
;
11
500
'
Last
lePrioe
Period
34% May
2% Jan
60
May
21% Apr
Mar
Friday
Interest
Oct
8
Oct
6%
27
v-'
7,700
n
.41%; 42%
15%
/ 15%
:
;
High
LOW]
'
~
United Corp warrants.
.....
United Elastic Corp.*..——*—
BONDS
3,300
;
;v :
New Fork Curb Exchange
Range Since January 1
yy xyy
■.
Chemicals common..
'
EXCHANGE
ENDING NOVEMBER 15
"
44%"
yZ
.
; .•>(.
Rio ,de Janeiro stamped (Plan A)
Interest reduced to 2 %
J-J
ARussian Government 6 % s_*i—
'
J-D
.....
Eastern Gas ft Fuel
3%8——1965
•;
.Eimira Water Lt ft RR 5s——1956
Finland Residential Mtge Bank—
5s stamped
—
1961
$—
76
75
Green
Mountain Power
1948
1950
*.1963
J -J
—1958
3%s,
Guantanamo ft Western 6s
$62
J-D
J-J
:
J-D
A-O
Service
5s—-*.—*1—1950
1st lien ft ref Bs
——1963
Indianapolis P ft L 3%s—
-1970
J-J
P-A
M-JV
71
'■
60%
62%
103% 109%
$105%
106
106
■
v
—
106
ajio
104% 105%
65
$104% 104%
$105%
105% 110
105
106%
..
104
105%
105% 108%
.
par
value,
dividend.
105
*v4%
4%
5
4
14%
80
4
14
a
Deferred
Odd-lot sale, f Ex-distribution,
y Ex-rights.
sales being transacted during eurront vetk.
delivery
sale*
d Ex-interest,
e
nUnder-the-rule sale. rCash sale, x Ex-dlvldend.
iPrlday's bid and asked prices; no
75
102% 104
$102%
——
g Ex-stock
•
r'
A-O
Indiana
"
104% 104%
$106
$65%
'V;
B——*Jan 1949
series
..
—
Hygrade Pood 6s ser A...*..*Jan 1949
6s
'
A5%s
...
4%
^
34
$32
1%
.
J-J
92
"
AGeneral Rayon Co 6s ser A
Grand Trunk West 4s
p.
ABonds being traded flat.
-
...v*
1
consolidated; cum. commalive; "conv," convertible; "M," mortgage; "n-v," non-voting.stock; "v t c," voting trust certificates;
"wi," when issued; "wv," with warrants; "xw," without warrants. /.
v;
{Reported In receivership.
J,t
Abbreviations nsed above—"cod," certificates
,
*
of deposit; "cons,"
,
THE COMMERCIAL & FINANCIAL CHRONICLE.
OThER
RANGE
Baltimore Slock
Fidelity
ef Prices
Share#
Castle & Co
Range Since January I
Hinh
Central
Maryland & Pa RR
Amsterdam
S
U
& Guar
Fidelity
Pub
Serv
Secur Corp
$6
pfd-.
lien
*
Burrell
&Lt
Pr
Corp
1975
A—
92
1975
4s
Co
Transit
99% 100
92%
$36,500
87
Jan
18,000
i
94
Jan
95%
101
Mfg
class
A
!
•
100
8%
19%
62
8
'4
•
4:
20
9
19
j!
Sep
59
so
20
Sep
y
7i
Oct
:■
76
Coleman (The) Co Inc
5
Commonwealth Edison common—.25
—
Oct
71%
71%
72%
-•••■'.'"140
85%
84%
85%
300
19%
20%
.200
1,700
b- Last
Sale Price
ftt
-
Rights.'
*
American
women
Anaconda
Copper
*
•
500
Shares
255
40%
10
166
.,
3,489
2
m
!{}[
Low
42%
40%
51
38%
30% Jan
555
34% Oct,
58%
40%
■
Inc
America
-
Bird
& Son
Boston
ptd—.106
Boston
Herald
Boston
&
7%
25
-
Elevated
General
Amer
Transp
common....—5
RR—
j,
100
class A 1st pfd stamped—.100
Preferred
General
—
100
——
Motors
Corp
50
.;7'.""'
VX450;,
Gossard
18
5%
Prop Trust———*
& Providence RR
100
Boston
May
25% May
150
Apr
Great Lakes D & D common——.*
18%
Hammond Instrument Co common—I
Heileman Brewing Co G capital
1
Hibb Spencer Bartlett common
25
lOVs
36
!(' —
Personal
Boston
153
Oct
Mar
37
130
40%
516
44
1,610
~
:
20
-
55
8%
32
45
Jun
32
36% Oct
v
5
9l
Jan
Horder
6% Oct
100
21
Jan
Hupp
14
32
Sep-'"'
Calumet & Hecla—!
Shares
Century
5
;
1
/
Eastern
7%
30.50
30.66
—.10
'V
■
Gas
7%
1
Trust
1
s
h>
24%
VV.*'/"' »'
<■
'
5
76
6% Oct
65
26%
.
114
30.50 Nov
22
Oct
12% Feb
;
37.91
42
4%%
prior preferred
preferred
6%
Street
Mass
100
100
,
»
Ry—
Indep
100
4%
100%
1st pfd series A..—
——100
Eastern S3 Lines Ino common.—.....*
6%
Group
Engineers
93
25
53
■
Sep
Sep
104% May
91% May
Steel
Katz
90
> :
1,950
54To
29%
26%
52%
30
26%
56
36%
37%
347a
31%
31%
Hathaway Baking ^common-!.—-—,11
10'A
Isle Royale Copper'.
.-I*!—.
15
.3
3
Kenneuutt -Coppet ——45%
RR
preferred
:
5%
„.
.
Mergenthaler Linotype
Mfg Corp class B—....
New
England Gas
5%% preferred
New
Old
—1
...J
•
Elec
Butte
Pacific Mills
6%
—.
,30
30
—
•
49
16%
b,
17%
—14%
..
89%
*
100
2.50
Mining
40
134
1%
1JA
11
3%
400
&
Co
Reece
Assn
210
48
342
1
United-Rexall
6%
50
30%
United
Shoe
90
75
common
18
15%
Northwest
245
320
Nor
91
380
5,255
Oak
Util
prior lien
pfd
100
100
Bush Shoe common—..
Mfg
.—2 %
1
common
Parker Pen Co (The)
Rath
15%
15%
40
1%
300
Packing
25
com new
8
class A
10
28
47%
85
40
'
———5
Min common—50
40
40
§47%
93A
—
"' 71%
..
,
12%
43%
71%
49
10%
...
73
18%
18%
64 Va
40
22%
24 %
Standard
75
64
Inc
—
Work}
.Week'e
Standard
common
Rights
Armour
Shares
Automatic
10%
10%
Fur
Washer
common
450
18%
9% Oct
200
118
13%
3%
11
20%
Feb
6
150
164% 164%
20% July
250
I. 4%
13%
17%
10%
10%
50
33
35%
1,000
X24
17%
25%
18%
2,600
7,400
1% Oct
800
10% Sep
900
2% Oct
;
100
•
10% Sep
4%
200
4
7
500
6% Oct
Oct
25 % May
199 % May
2%
Nov
18% May
7%
Feb
20%
Jun
%
Jan
14%
Gorp
20
150
19% Oct
23
20%
150
Sep
17
26%
•
13%
14
750
18%
18%
250
Borg-Warner Corp common
39%
Brach & Sons (E J) capital.
Burd
(EL)
Piston
Ring
1
common
footnotes
see
page
12
40%
39%
10
Oct
Tool
common—.5
Co
(The)
25
2
common—
10%
2,500
18%
80
—
46
46
no
42
63%
63%
100
63% Nov
27
29
900
22%
23
150
28%
5%
Jan
133% 135
20
.7%
'41
6%
20
Sep
10
8%
42
.7y®
-
103
;
19% Mar
22% Sep
160
Oct
50
130
Oct
19
May
■":
Sep
37
1,300
400
7% Oct
40
Feb
29
15
30
130
4% Oct
184
May
.29%'Jun
'
14
;
16
9% Feb
-33% Jan
•
Sep
24% Jan
49% Apr
-
39%
12
8
37% July
20% Jan
12
15%
20% Jan
8%
fe9%
11% Aug
31 Va
16%
17%
30%
♦
;
-wv
59% Aug
39% Apr
•'.-45'"; vJanf'
8% Feb
30%
xio'A
May
24% Feb
47% Feb
29%
Si 15%
May
'65 '. May
•
15'
37%
27%
Feb
.187% Jun
6% Oct
25
io%
40
20
20
.30%
49% May
Juni
36
30%
45
21
23
33%
34%
34% July
41
Feb
23%
July
24%
50
91.
73%
*
*
71%
12%
——
Wieboldt Stores Inc
Cum
22%
Wisconsin
Bankshares
28
102
102
common
•
Mach
39% Jan
28
*
—•
Woodall Industries common.;.
Yates-Amer
24
*
;
common,
prior preferred—
cap———5
13%
9
8
48
106%
13%
y19
17% Jan
8%
13% May
I/.
v0..y
g Unlisted Stooks—
Alleghany
Corp
1
—
American Radiator At St San
3% Oct
Nov
100
40
150
36
Sep
35% Oct
7% Apr
com.—*
13%
Oct
23
Feb
Rolling Mill—.......
...10
Copper Mining.,———50
Atch Top At Santa Fe Ry com.—100
Bethlehem Steel Corp common
"
29%
Oct
42
Aug
American
Anaconda
35% Oct
104
Jan
110 '
Jan
94% Jail
106 1
,Jan
51%
15% Oct
—
Columbia Gas As Electric.
59% May
General
66
May
Graham-Paige
51
.
% 8% Oct
Continental Motors
Oct
Sep
Jan
9%
Curass-Wright
Parnsworth Television At Radio.
12
39
May
yia
17% Feb
Oct
650
400
10
17% Mar.
;
40
10%
Oct
5%
,
Oct
8
Oct
Feb
25% July
13% May
20%
Oct
12% Feb
16%
Apr
May
250
10
Nov
20%
20%
22
550
17% Oct
27%
22%
22%
200
21% Nov
39
Jun
Jan
May
mterlake
Electric
Iron
Co_.
MotorA—
Corp
Laclede Gas Light
common—.
36%
37%
6%
7«A
11%
11%
6%
7%
I'-
May
32
'
1,950
Nof
14%, Oct
f"v;19% Augx!:
51
May
14% May
10
167% 167%
91
30 % July
22
Feb
16
12%
41%
40%
—10
2581.
15
10
18%
48
capital
12% Mar
-13%
Burton-Dixie Corp
Butler Brothers common
For
*
—Is
common
577'8 Apr
25% Nov
31% May
18 %
Jan
Bruce Co
Oct
Apr
Sep
Oct
common!—!—.—!!!!*;
Machine
Certain-teed Products
19%
-—5
22
31%
20
Feb
8
20
...
10% Nov
.
Feb
Seelig class A common.
5
Mfg Co common.
.10
Berghoff Brewing Corp.
.1
Blnks Mfg Co capital.
Borg (George W) Corp
—10
Belden
700
Jan
14%
Oct
8% Sep
17
Sep j
164% Nov
6%
Barlow &
25
Sep
10
Corp common
U s Steel common
150
10
11
Aviation Corp (Delaware)—!
..v
33'A
15 Va Apr
35% May
38% Apr
J«ttr
25
——1
—10
Westinghouse Elec & Mfg com
Range Since January 1
400
6%
6%
3%
Athey Products capital
■'
208 South La Salle Street Corp com_*
High
17%
blS':-
common.,
13
Union Carbide & Carbon
High
1%
Co
11% Mar
200
.
8alce
of Prices
18%
1
w
Ac
350
21%
May
51% Jun
——*
Standard Oil of Ind capital..
for Week
9%
Asbestos Mfg Co common
22
.
20%
20
•
Dredge common
Forgings common
Storkline
Range
"•■'
100
22
..
800
-
445
•10%
common
Oct
11
50
tap (new) —6'
—2
St Louis Nat Stockyards cap.
108
135
17
common-
10%
10%
^
41.
•'<•'
.
Spiegel
810
57%
467/a
common
Advanced Alum Castings
Oct
20
common—..—.—...10
South Bend Lathe
81
55%
Low
American Tel & Tel Co capital
23% July
15% Mar
-
Jan
600
Society Brand Clothes common——!
1,644
43%
Friday
common
19
45
20
5%
• ;
5
750
46
28%
Sinclair Oil Corp
37'A 37%
V
23%
5%
Signode Steel Strap Co com (new)
/
#
Sale Price
Laboratories
Sep
27%
150
*
Last
Allied
9
22
14
14
*
stocks
Bearing
14% Jan
300
22
Schwitzer Cummins capital!!;!.!..!!.!;
Chicago: Stock Exchange
Ball
400
9%
Jan
V--;}''
1
Sears Roebuck At Co capital
Trane
Aetna
v'-
50
Swift Ac Co capital
Corp
20
•
common
preferred
Nunn
110
1%
West
1%
Bancorp
Sundstrand
Admiral
16
-
22% Oct
;•'
Sunbeam
Mfg
-
10%
Pennsylvania RR capital
Potter Co (The) common—,
17%
10
(J D)
•'•"A'-' -: Jan
70
44%
,
26% July
30
May
21% May
.58% May
Jan
22
vtc
12%
Westinghouse Electric Corp
720
-
Oct
Sep
10%
capital———JB
North American Car common—
Penn Elec Switch
—• bj ..
(S D) Co—.
Adams
*
22%
•
*
*
•
Mach common
U S Smelting Ref &
Waldorf System Inc
13
.
9%
1
Shellmar Prod Corp common
U S Rubber
Warren
Co com.——*
360
Inc
20
650
85
50
17%
Dredging
294
•
Drug
18%
300
i
7%
16
*
13%
.'
25% Itfay
v
,
Jun
25% Jun
10% Jun
46
17%
com.
200
22%
24%
Cumulative preferred
1%
Co
Fruit
25%
16
7%
*
17%
Torrlngton Co
United
—
13%
Union Twist Drill...
.
24%
1
—.
Securities
Elec
xl5;
75
14% Oct
400
24%
Minneapolis Brewing Co common—1,
Modlne Mfg common———*.
Montgomery Ward At Co common
•
3%
Webster Inc..——?
Suburban
17%
7*'
—*
common
——
.
16%
12% Aug
26% Aug
"
19% Sep
5% Sep
200
21%
7
r
.
Peabodv Coal Co class B com
15%
RR
Corp
——
—*
Reece Folding Machine.^—————10"
&
i':
,f
common
West Corp
Miller At Hart Inc
26
Shawmut
100
6%
25%
15%
•
•
Switchboard
Middle
' 3%
50 b
Quincy Mining <jCo—;—»!,—!———.25 ■,
Stone
22
*
7%
pfd
Marshall Field & Cq, common
Mickelberry's Food Prod common..
670
—•
common
Pennsylvania
$6
:'v 'V
Lindsay Light A Chemical com
995
122%
120
120
—*~100
Colony RRi.
22
-
Libby McNeil At Llbby common
7
Lincoln Printing Co common——!
Assn—
Engiana Tei & Tel
North
—1
Inc
—
&
-
'
Mullins
Assn
*
,
100
—10*0
common..
£iarragan&eit Rac'g
Nash-Kelvinator
500
110
530
37
—•
—
Gillette Safety Razor Co
Maine Central
•
Drug Co common
Kellogg
:
1
common—
'
' "T
McWilliams
Electric
General
21%
68
(new)—.——*
Prod
Power
'''•!
Leath
19%
—
25% Jan
•
•b''-
100
17%
Assoc.......—....*
Service
1
Stores—4-.*.—~t—*
National
50
62%
4%
4%
100
101
19,
Public
First
97%
42 % Apr
25% Jari
Nov
f
Common
Employers
97%
62%
17% Apr
55% Jan
21
17%
100
common.,
Pneum Tool
Interstate
62%
14% Jan
;
9% Sep
68
>
i
Feb
May
.
79% Feb
17% Nov
350
10%
6%
capital———10
RR
Warrants
Jun
\'V
—
10%
21
common——b—"
Central
Indiana
Jan
-
Eastern
16%
14
Jan
550
Aug
68% Jan
Oct
18
x68
common-.—.——!'.——.!.
Illinois Brick Co
Apr
Fuel Associates—
&
24%
52
.
Oct
350
20% May
Nov
Inc
Corp
Illinois
Cities Service
6
200
•
common
Sep
"
86% May
35
220
15V4
32
,
8%
15%
—
W)
48
Aug
May
34
30% Apr
12 >A Jun
27 ; Feb
July
72% Sep
Oct
(H
Oct
49% Sep
8
8ep
8% Sep
150
,
111
27% Apr •
2,300
Co
8% Feb
100
51%
Jan
16%, Jun f
•
700
Sep
77%
! 9'
Apy
;
25
8% May
200
,
36
.
18% Oct
10
common
,25% Jan
!
Oct
15
2.050
-
Oct
ni>
,
11%
15
38
36
-
,
11%
s.
120
50%
3%
100
51
General Finance Corp common—l
2ft Nov
y
48% Jail,
600
'10 :';,
147
10
77
prior preferred
19
Refrigerator Co common——1
Gillette Safety Razor common
48%
;
17
19
310
17
128% 129%
.48%
.
100
Corp———•
Ry
Traveler
Maine
129%
,4
16
261
153
16%
—100
RR—
Edison
Boston
Boston
153
w
*
Inc
Albany
&
T,850
30
11%
S
——1%
Gibson
Bigelow-Sanford Carpet 6%
'
16
3%
100
Feb
Jun
3%
M
.J
Four-Wheel Drive Auto.——.——..10 b.
70% Jun
51% Feb
.
of
Fox tPeter) Brewing cdmmon
Jun
200%
Oct
733
52%
Mills
Flour
am
38% Oct
■v. -19% Mary
.164% NOV
63,282
,
50%
—
Range Since Janaary 1
High
164
—.60
"
3%
4.'.,
Jan
May
95% May
140 y Jan-
yil% Oct
Electric Household Utll Corp!!!.—;
Elgin Nat Watch Co new com——.15
for Week
41%
164%
;
13%
12 V»
Eddy Paper Corp (The)
Low
■■
12%
new—.—10
common
32
27% May
120
; 29% :sep
15 Va Oct
Exchange
Range
...
.
300
Domestlo Industries Inc class A——1
ef Price*
1
Agri Chemical Co
——•
American Sugar Refining common—100
American
Te; & Tel
luu
17
Week'e
Friday
American
32%
16
podge Mfg Corp
Boston Stock
32%
Consolidated Biscuit common—.—,
stocks
"
17% Get
32 %
*
65% May I
Nov
20%
.,.
5
■
-
Nov
9
110
28% Jun
14% Jun!:
.
:
Oct
Jan
3,300
•
115
Feb
211
July
.17% May
Get :
•
7%
350
124%
Oct
10
9%
115
*
....
600
•'y'
Feb
if. 15% May,
Sep
6%
Feb
25
Oct
160
r
350
'8,
62
20
9
,
•
110%
100!
20
:
■
Jan
5%
Sep
6%
yi
Apr
113
Oct
14
'•
v
50 Va
;
Oct
1%
.
700
600
•
High
Jan
105 y
'
7
172
19%
pfd_—_!_*
capital
Corp common
1
20
62 *
preferred-
conv
33%
;4;4^70:4;
119
*'^4
,
Common
Chrysler
300
119
common——5
Elec
Jun
July
,
15;
:
8-
<fe Southern Air. Lines
Chicago Towel Co
series
5s
7
preferred.
Chicago
Baltimore
■
168
States
Range Since Janaary I
LOW
•'
38
14%
*
.
Chicago
Bond*—•
Shares !
HiQh
600
*
,50c
corp common
Convertible preferred
Apr
i for WMk
...i
...
preferred
Cherry
-44
■
110% 110%
uuicago
r
Sales
Ranre
ef Prices
37%
common!
preferred
Central
20
2
-50
Week's;
Ljurt'vb 7
Preferred
-100
—
Mills ;com
Casualty
:
Vernon-Woodbury
Mt
111
Prior
100
—20
a
v
».
Central S W Util common
Fidelity & Guarantee Fire
New
(AM) common
Illinois
central
vtO——
Co
Deposit
&
■
—
Oo.eommon
vto
Preferred
Friday v.: i;.;
Convertible
Corporation
15
Sale Price
for Week
r/tta
LraiibJi
NOVEMBER
Low
Range
Sale Price
bnn
EXCHANGES
ENDING
Sales
Last
Arundel
WEEK
Exchange
Week's
Friday
STOCKS
STOCK
FOR
Monday, November, 18, 1946
'
34% Oct
5%
51T*. Feb
Oct
13% Jun
10% Sep
5% Oct
20% Feb
V
8% May
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4543
.^'Volume 164
OTHER STOCK EXCHANGES
NOVEMBER 15
RANGE FOR WEEK ENDING
Range
of Prices
■
•
North American Co—
14%
14%
100
16%
Oorp——
—1
York Central RR capital
V#w
17%
950
*
10
—*
Amer
13 y8
com„-_1
new
12%
Oct
32
28%
Oct
38
yp
Pure
oil
iThel
Co
Radio Corp of
"
67
Feb
Youngstown
Feb
28% May
Youngstown
•Sr.! 9 Ye
Oct
19
Rn
Corp common
Standard
Brands common;
OH
Standard
Oct
28
16%
27%
Oct
67%
100
62%
Feb
-11 y8
Oct
18%
Oct
,-lA ,M.ay
20%
1
800
3%
900
13%
100
•
13%
common.
:
July
Jun
69%
3814
Oct
65%
Oct
97%
Feb
22
Sep
34%
Feb
5%
Jan
13%
3'4
Oct
a64V8 a64%
57%
Sep
83% May
al7% al7%
37/a
Id
Oct
31
.
18%
Jun
22% May
Watling, Lerchen & Co.
Members
6%,May
.
Jan
New York Stock Exchange
.20% July
/
New York
Detroit Stock Exchange
pyJMVt.Apr
12% Sep
,
Jan
78% May
3% Oct
66 y4
Co common.
Co
&
100
'
8%
3%
U 8 Rubber
Wllsoa
20%
8%
Corp
United
]
■'
.1
Jun
30
*
Sheet & Tube—..
Steel Door (Un)
38% May
7% Oct
67%
1
1
Oil Corp
Sunray
13%
25 1
i
common——
ourp
Oct
1,950
300
63
40% July
25
14% Xl4%
-
,
•
J
of N
16%
267/b
Sep
20% Mar
Apr
700
-
Standard Steel Spring—
diuueuitKer
600
15
Vacuum Oil Co Inc—
Socony
22%
10%
1
•
dlo-Keith-Orpheum
Republic Steel
22
500
10-
49%
125
Jan
15 %
-
•
444
53%-,'V;1'.
—_2
—*
& Chemical
Refining
Warren
37% July
.'
Sep
Feb
20
40%
a24 % a25
Aug
59%
Oct
a71% a72%
•
*
Van Corn Iron Works—
Aug
:s
24%
a437/s a43%
—
U
21%
"v.
■
•-
common
America common
Thompson Products common.*
S Steel common (Un)
Feb
225
a24% a24%
10
common
Jan
-I 10% May
700
'
33%
•
35
Ohio
oi
High
Low
High
52%
—♦
Oil
Standard
1
Range Slnee Janaary
Shares
a20% a27%
27%
(Un)—
Richman Bros
Apr
2,100
13%
32
37.
;•
'5%Gct
1,500
7
31%
—.
?
-
Low
Par
Republic Steel
25% Jan
.
24% Sep
2%
Inc
Pictures
Pepsi-Cola Co—
Pullman Incorporated
Oct
Oct
•••>14
*
Airways Corp
Paramount
13%
*•
--
6%
Packard ''Motor^Car-'-^-———
°<wi
i'i
High
Vtv-
tow !■<;<>.
' High
■
Sales
fer Week
Range
^ef Prices
Sale Price
Range Since January 1
32% Sep.
common-*——1
5
L) Co
(Glenn
Nfesb-Kelvlnator
Last
Shares
Low
Week'*
Friday
;
for Week
Last
Sale Price
Martin
STOCKS
Sales
Week's
Friday
v-.
Chicago Stock Exchange
Ford
Curb
Associate
DETROIT
Building
Telephone: Randolph 8530
Cincinnati Stock Exchange
Friday
?Ar
gale Price
Ptfi
;'
1
;
Week'*
Sales
"fcange1.-^': to* WookM-yyryyy
Shares
Range Sine* January 1
Low
#ig»
Low Siah
Low /
High
af Prices
Xmiriuoaa
Lauiuirv
280
M»cniner>.
>
190
Products-*---—.**_.
American
CfcflJhPionFaper & Fibre new.
Ball Crank
Cincinnati
u
».
{'•
]
?;' ^ A
•
t
62
{Leonard■■■
May
Detroit
July„
Detroit
70
Mar
t 49
53 y«
Mar
Friars
Edison
i..,—
Hurd
Lock
Park
«•
Roller'Bearing.
Friday
Range
ef Prices
Par -'
teio
-
Coach- .& BodyMt»4»->——'<•*
Products com (Un)__1
„
American Tel
r
«
*■'
Rights
—
1%
American Home
& Mfg
City Ice .& Fuel
100
—8
21
*•
/Un)-**
Rubber new—,
Firestone Tire & Rubber
Faultless
11J
7%
.
—'
**
—-
(Un)—25
•
a,12%ai2%
1,50
40.
Oil
-
yFi^lle Bros
Hanna <M
68 i
.pfd——*————.———*60-.
A) 4 V* %
'»•
106% 106 !A
—.*
Medusa
34
Portland
v-
8.
10
—
•;*
V
,- r
.
•-
»
:
Ohio
•
Oil
•
r
40
*
' T:
^
•'*■*■
•
"•
100
2%
1,500
2,121
Packers Corp
;'"l
"■ '1.
•*
—;
footnotes
80%
■
'
if"'?
„
Jun
Aireon
•" >
Apr
•
'1
54
Jun
45%
Feb
35% Aug
53%
Feb
see
page
2581.
17% Jan
r
17% Feb
'53% Jun
13% Oct
35%
Feb
'/
"239"
33
Sep
25
Sep
,
16 V
n
5 % Sep
8% Nov
Jan
Feb
,6% Feb
8% Feb
13%
Jan
lOV*
Jun
Jan
11%
Jun
300
3%
Oct
9%
jan
4
Sep
1,226
7
12%
13%
26% July
8
-Mar
"450
Jan
23% July
,914 Mar.
11% Oct
100
12%
13
|
6% July
,
Oct
16%
100
19%
<6% '
*
—s——1
Mar
6%
10
4
19%
1
20% May
Qi'4-j,
2%
2%
2%
6% May
2% Oct
250
2%
Products new com.
Friday
2,500
...
2
4
Sep
Apr
40
Sales
Week's
Lest
Range
fer Week
»f Prices
Shares
tow
Bros
Corp
Berkey & Gay Furniture
Blue Diamond
Corp
Bolsa Chlca OU Corp
fk
J
8V4
8%
777
6%
6%
6%
10,345
15%
17%
3,355
a22% a22%
20
15%
-V
22
22
18%
July
; 47% Feb
Television
17% Nov
Nov
22%
565
:
•
Oct
J:
18% V I
■'
150
100
40
25
12%
410
10%
Oct
35
16%
Oct'
12%
a 16%
19%
Inc
Co
&
'■WW
17%
,.
—1
^ Nov
1.60
>
.
14%
a9
1.60
1.75
100
■.
,
:
....
•
t
-8%,':: 9 *
!
14
14%
50
5,300
">
,
•
-
270
1,035
-
V
9%
60c
Nov
Feb
Nov
"
31
"Apr
98% Apr
P 33 y4 Jan
46
Oct
May
24
v: 17%
'77% Oct
T7%
Apr
23% .Jan'
,
Sep
30
17%
a9
-•
1
Radio——!
class "A"
15
21
~
a71% a74%
-•
50c
--5
395
24
9% Feb
136 y4
Oct
*76
1,350
19%
22%
Aug
•:>v
4% Nov
al6%
85%
12%
May
Oct
16
295
-
Jun
.33
Dot.
;20
Jan
Apr
7% Jun
;
4%
22%
—
—
Derrick & Equipment
Ltd ci iss A.
"Srnswortb
15
6
i : 9%
Feb
85 y»
Inc
Exeter Oil Co,
Fitzsimmons Stores
6%
4%
Corp new com
Douglas Aircraft Company
Industries
f
.27/e Oct
5% Mar
85 y4
'—
Preferred
Dresser
22%
"
Fuel & Iron common——
Steel
Nov
5
Jun
l."76 Aug
6% Oct
May
60C
Jan
6% Jan
41
"
-8
——
.<
■
a22%
-
•
--rl
Aircraft- Co—
Creameries of America,
100
„3
8V4
—1
—
Central Investment Corp.—*—100
Certain-teed Products *—:**,
1
Chrysler Corp
1,525
2
Cor*,*.*.—*—1
Broadway Dept Store new common
Colorado
5,300
5%
17%
?! 3% Sep
; 26
Oct
•
Byron Jackson Co—*.-
Cessna.
1.25
5%
-1
485
1,10
common.
3,100
28
Nov
5
243
4%
28
Consolidated
1
LOW
3%
1
Range Slnee Janaary
High
■r-'8:%fv6;-
_50c
Jan
29% May
*
29
35
a26% a28%
7
;;
100
7
4%
4
7ys Nov
41 % May
27
;
—
v
v';'3%"Oct
365
11
7
4%
—1
Basin Oil Co_*_.——
-
U;v
'
7% July
Jun
47%
v
Oct1 ^
13%
Jan
May
•
100
9%
1.07/8
i
35
50
(Un)
-V;
620
...
*
Barnhart-Morrow
32% May
^
109%
19%
5
s
Petroleum Company
Barker
55% May
50
u
'
Oct
rlOO
,
2
Mfg Corp.—:—;——.——
Bandlni
Apr
Apr
88%
77
50% Oct
21% Sep
90
.21%
Jan
800
Oct
9
' '■
600
Per
Jun
56%
635
■
36
237
Jan
3% Jan
f
825
5%
3%
15%
Sale Price
Consolidated
f
"f;
Jan
5
,
2% NOV
.
'
to$4nge|eg Stock Exchange
Emsco
a22% a22%
'
,
Oct
r'r>:,:
STOCKS
Jan
60
36% Oct
61
Oct
50
Aug
Sep
10
39
9%
Jun
v:.;04
:. Oct
100
15%
15% May
Feb
50
7%.
Oct
.1%
:
52
549
a29% a29Vs
Feb
.Jan
14
Dep
"2
■::
1,050
5%
,
'400
!
2
.
9
2%
.3%
:
,
14%
8% Oct-
■
lOO
11%
38%
*
120
al6% al7%
♦ «/
—
40
Oct
p] y-'-l ?
•',U--/
Oct
110
11%
8%
28
34
:
100
9
Aircraft common—**—.
Apr
>'•'
V" T'
'
——j__4.
RR
20
J356;
34
Oct
7%
Feb
83%
17% Nov
50
Oct
•
•7%
—1
—•
:
.
1
For
2%
13%
;'><:'H4'%. Oct'
'
2%
.23%. Jan
•.^vi
'V,\iT-
:
-(Un)
(Un)—*—'
Pennsylvania
100
200
:
Jan
32
34%
-v.-•
*
Cement
T
National Acme
; N Y Central RR
.
■
'11%
,'- y
('Metropqlitan Paving Brick new com—4
■'
300
7%
44% May
\ -.;v(
TmnV '
.
■i:'
16%
20% Jun
104% July
i
34%: 34*%
Sessions.—
&
Wayne Screw
»
a32% a32%
Island Lime
-Lamson
Nov
.25
'Jaeger Machine
rJooes & Laugblln.
Kelley
16
7%
Jan
15%
17% Mar
9% Sep
90
a39%a39Va
;Tnteriake ;. Steamship; ii_—-i.*—--—
;
2%
-
100
1
16% May
8V4 Jun
4% .Oct
11%
-
Oct
^ 6% Oct
1%
1%
■&-Q
■; Q.~ '•
1
Jan
8%
•
100
v
16%
.y-,
Aug
4
—,—
U S Radiator common:
Warner
'.^75.
53.
—_*
pfd—
v;-'-;
(Un)—
t--.
"Industrial Rayon
1,239
•ri'' *
'•
f;
■
"v"v}*.v:'
7%
5
3,280
5%
>
'3% Oct
200
9%
2%
:
common—
;; >
Jun
10% Sep
1
80
Apr
May
36% Aug
Nov
9% Oct
r
-
lp2$[; Oct
■:
600
.
19
—
Brewing—
-'.:y
35%
34%•■Oct
-47% No?
... 34
Oct
365
60
47
■
25% May
27% Sep
15 Va Oct
84% Oct
19
Sep
,
5%
631
3%"
2%
16
•
_♦
Steel Tube common._
20014
6% Oct
60
.
■
Nov
195
'
'
Mar
2%
United Shirt Distributors.:
164% NOV
1% Oct
.
35
.17% 17%
.a56ya a56%
—
—
33
314
(Un)
General Electric
'.^':'-T
23
19
;
.
18 ^ P©P
,r
al5% al5% •,"
10
90
90
45
21
22
1,590
£;-*&,
—-I
—i
all % 811%.
(Qni>..ja36%,a37%
(Un>
•
Motors
—*—10
General Motors-'.
-.,*..***.10 yv
&50% a54]/s
General Tire & Rubber common
common—
5
—
' ,a37%a37%
Glidden Co common (Un)*—..——*.*
common (Un)———•
a40% a40%;
Goodrich CB F) -common
(B P) commoni———
_*♦■*-' .. *.
a63% a63%
rGoodyear Tire*6^Rubber common
Goodyear. Tlre & Rubber
+*
«—
a54V4a55
-Gray Drug Btores--^*-—
Gray j>rug- Stores—22
22
227/a
Gabriel Co
tor
25
.
33% 33%
—
—-•
Railroad
Erie
780
5%
Timken-Detroit Axle common*——10
127
730
^
134
—
-
Controller
—-10 ' ICleveland Cliffs Iron pfd.--——
Corp
35%
7ye
—J*
Jlyoll Brewing
Range 81
54
7%
Clark
Cliffs
"5%
1
-.1
common
—
Superior Tool
■ '
19% 13%
***♦ »t
rights——
High
a34% a34%
mya 166
American
Apex Electric Atfg
: .Sales •
for Week
Shares
treek'4
.
Last
17
8
9%
—3
—
—..———**—.-19,.
Sbeller Mfg new common
1
Simplicity Pattern common..1
Standard Tube "B" common
1
Cleveland Stock Exchange
Sale Price
28
23
175
'3%
common.—^——_2%;
Scotten-Dilloh
"«:i
Sep
852
10%
34%
3%
Rickel <H W) Co*.*
River Raisin Paper..
•
Oct
Sep
5%
24%
"
'
ilO^OKS
Feb
;
16% July
9% Feb
10%
Chemical Co common,...»
Pfeiffer
— ——-
,•
-
1,155
1,320
24 y4
Parke, Davis common——
Peninsular Metal Products—*.
,,.
,,
8%
;::5%'
:
35
Murray Corp
National Stamping
Standard Brands
•Timfcen
Nov
Screw Products^-..
Masco
pities Service
City lee & Fuel!
Oil
8%
5%
—l
Motor .Car common
Michigan
Pure
.8%
Kinsri Drug cemmpn*«.—..
Rolling Mill—
»
Sep
23
24 V4
Inc.——
McClanahan
Motors
21% Jun
Ale
Hudson
-Preferred.. :-r4~~
'General
Oct
18%
_
.Houdaiile-Hershey
Gamble.
Columbia Ga>
14
700
Inc
■Kaiser Frazer
American
150
19
2%
..Hoskins Mfg
Rapid —_———*i.
*U. 8. Printing
~
Feb
14%
19
common.
oerlty Michigan Die Castings
Graham-Paige common
Aug
Magna vox *;-w*rX~National Pump3 —
Procter A
7%
14%
Navigation—
Cieve
<si
"Gar Wood
65 y2 May
.43% Oct
JTfgk .>
./
Oct
'3%
3%
|
,,
'
~
24
Low
3
3%
600
Detroit Steel Corp
6»/4 May
14% Oct
3
—<l~-~
;;,*>,
n.:r:r
Davidson Bros
29% May
37 ^ Jan
Jan
4% Feb
' 11
Mar
..
—————
"
Preferred
May
15
57
—
Kroger
20
Electromaster,
116
Range Slnee Jananry 1
:
»
lo
l„
Cons Paper common
106
Oct
Hiah
Feb
Mar
23
83
Kabn
28% Nov
115
J6% Sep
62
Art/***;***-
Hatfield
13 V* May
Detroit-Michigan Stove
110
ion
1
-Allen Electric
....,.a..r ,;(K
,
■'
Burroughs Adding Machine
Oct
\
-
Insulation—.
Gibson
25%
16% Apr
2
for Week
Shares
.
11% Oct
M
120
——
Eagle-Picber
Formica
Sep
Oct
——
Te1ri)hn«*
Cincinnati Union Stock Yards-.
.)'•
106%
15
610;
Cincinnati Street
Cincinnati
22
330
Gas,
Cincinnati Gas & Elec pfd
Sales
Range
«f Prices
Friday
Noy
17% Aug
'
5% Mar
425
Cincinnati
Week's
Last
Sale Price
STOCKS
Mar
24
22% Oct
vS9'"
•
6
Jan
Feb
54
10
Brewtog—
Burger
13%
Detroit Stock Exchange
Apr
46V# Jap,
1% Jan
.
10
Participating; preferred.*..!,..
f
24%
17
Noy
32% Oct
10
Industrie's——--r-
Aluminum
•
2.70
Apr
Jun
19% Jan
15%
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2576
;
Monday, November 18, 1946
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING NOVEMBER 15
'
:€®'W«^s*oo;Kg;|^
naiea
^
vA'Last
A''
COMPLETE INVESTMENT
FAIRMAN & CO.
Member Los
Kennecott Copper Corp_
FACILITIES
Angeles Stork Exchange
listed
—
7
8
Unlisted Issues
New
Direct Private Wires to
ALLEN & CO., NEW YORK
York
Central RR—
American Aviation Inc__,
American Co
North
,
North
SCHWABACHER & CO., SAN FRANCISCO
Ohio
West 7th Street —LOS ANGELES 14
2IO
■v;
■
STOCKS
■
/
Motors
Sale Price
Gladding,
-
\'
;
Par
'
*
Goodyear Tire & Rubber Co com—*
55
•
•
;•
Hancock
.t'
/'
Oil
Co
yVi-vV '!■ /'">•'****/*:'-1
s
"A"
Co
Foods
Inc
55
'i?)7$<w.-iV
*
common—
Holly Development Co
Hunt
25 Va
V
'
v
;•
'.
48
27
7,400
55
i
25
285
55
!
High
y
Ofct
Sep
Nov
;
79% Feb
38l/2 Jun
76.
Apr
Socony-Vacuum;Oil
100
30
31
—
a6%
a6%
—6%
1.95
50
May
■10% Jun
575
'
25
;
Oil
■
Jade Oil
Petroleum
Corp———lOo
Company——10O
Kaiser-Frazer Corp
—
1
Lane
1
Wells
Lincoln
Co
Petroleum
h9
—
Menasco Manufacturing
Co——.XMerchants Petroleum Company
1
Monogram Pictures Corp—
—1
National
Nordon
Y
Oil
..1
6%
Elec
&
common
'
Oil
Corp
—
7%
J*
7%
50
--
-
.
14 y2
lVa
*
Ryan Aeronautical Company—.—— 1
"
37c
15% Apr
438
8te<!l
Safeway
Stores,
Inc——.—
Shell
Union
Oil
———
75
65
100
Corp
15*
——
Corfc
Signal Petroleum .Co Calif
Sierra Trading
Sinclair
Solar
Oil
25o
1
260
8%
50%/
6V*
100
960
Aircraft, Company-————1
460
38Va
548
10
;
,
5%
■
class
"C"——
32
31'A
preferred class B—...25,•
3iy8
30
r 39
45%
45%
Southern Calif Gas 6%
pfd class A—25
39
Company——* -—54%
Pacific
ooutbern
Standard Oil Co of Calif—.—
Sunray Oil Corp...,.,,...—. X
Textron
Inc
Corporation
8
;3»S%
.
—a
'
„
,,
53%
^
8
—-50e
-----
Transamerica
,
y
14
25%
Transcon & Western Air Inc.—-—5
1.80 July
20%
395
,18%
Oct
38
July
60
33%
Sep
y 41
July
50
100
48% Sep
17% Oct
94
al24%al27%
Jan
824
39% July
693
32 V*
661
31%
Jan
110
42 %
69%
Jun
■679.
59% Aug
995
:
14
May
420
25% July
14%
25%
2,044
21% May
135
27% Oct'
Universal Cons OU Co
—
21'/a
9%
22
10%
—
19%
19Va
330
27% Apr:
18
10
100
36
36
—
'-■'yya-
2,362
1,135
28% May
11%
Oct
20/'
,.
36
40
al3% al3%
,
33% Jan
Nov
Jan
36%
Jan
3%
3%
410
73%
74%*
3% Sep
.65% Oct
7%
Jan
—
17%
17%
584
17
Oct
20
425
18%
Oct
51%
Feb
24%
1,740
23
Oct
allall%
a48% a48%
39%
Jan
85
10%
Oct
26%
Jan
20
51% Oct
■
19%
=
„.
all
19%:
23 V*
..
Stores
27%
164%
27%
164
Budd
t
13
c
*
Co
Chrysler Corp
Cooper Brewing
Curtis Pub
Co
Ganaral
Co—
Smelting & Refining
•
Co.
American Tel & Tel Co
19%
American Viscose Corp
al63%
14
Anaconda
50
Copper Mining Co
(HI)
al64V4
'a'
100
1,755
1%
Oct
50
51%
Oct
Pacific
40
41*%
910
35%
Oct
13%
545
10%
Sep
a87% a89%
105
85
Oct
'6%
Columbia
Gas
Commercial
19
Oct
33y«
70O
30
Oct
93
a22
a48y8 a48%
.28
12%
a33%
id
Electric
Corp
Corp—
Commonwealth & Southern Corp
Cons Vultee Aircraft Corp
12%
6%
8%
•
11
-
a24y«
90%
26% Apt
55% Jun
736
19% Oct
40% Oct
54
985
47% Oct
80% Jan
12
1,543
11% Oct
17% Jan
7%
*
1%
7%
200
2
6%
145
5%
6
22%
23
28
28%
40%
42%
7%
—;
.
7%
635
425
26%
116% 118
22% 24%
20
116% Nov
20% Oct
46% Jan
250
17% Sep
22% Sep
33% Feb
4iy8 Nov
Si % Sep
60
July
78% Jun
23%
23%
46
480
65%.
68
417
50
1%
4%
3%
commor
preferred
1%
4%
542
1
1,017
3%
965
3% Oct
46%
46%
130
23%
24%
1,049
Oct
20
18% Jun
25
27
14% Feb
38%
50%
Apr
52
'75
59%
45
23%
Sep
Sep
375
8%
Oct
80
145
11%
Y 20
6
1
.8
Class A
29%
29%
6%
7%
.
125
1
600
.1
a
19%
al9y8 al9%
Mar
30%
250
Corp
Curtiss-Wrlght Corp
;A'i
205
Sep
>;;?-2%
Jan
;■
>
17
Last
Nov
10% Oct
Feb
41
5
General Electric Co
•
Corp
*
—
37
a45%
I_«
Co
Graham-Paige Motors Corp
Great Northern Ry Co
preferred
al5% al5%
37%
a44% a45%
a64% a64%.
—I
6%
6%
7%
SifS
494
Jan
31% May
35%
23% Jan
35% Sep
27
Oct
40
Oct
18%
Oct
14% Oct
34%
45%
50
69
5%
Oct
page
2581.
Range Since January 1
Io»
High
High
18%
160
16
Oct
31
Feb
Clark (D l) Candy-———*
10
10
135
10
Oct
13
July
Columbia
Gas
Devonian
Oil
ft
Electric———.——•
—i-——
8%
10
———-10
Follansbee
Fort
Steel
Pitt
10%
600
;
8% Oct
14
Jan
120
27
27
13%
13%
8%
8%
21%
,
10
—
Brewing
Apr
Harbison Walker Refractories
12%
Feb
Lone
33%
8%
1
——.—
26% Oct
29:
July'
13%
20% Feb
9% Aug
21%
'
25 ".
70
25
v
Jan
7% Mar
'
.
Feb
Star
26
51%
Apr
National
•
10
Gas
Fuel
Supply
Flreprooflng
Corp
Oct
53% May
Sep
77% May
Oct
15%
Pitts
Jan
Screw
&
Bolt
—
14%
•
Corp
8
V,—
'
*
50
43%
Oct
60 Va May
Pittsburgh Steel Foundry com
10%
Oct
20%
Renner
1
30%
a30 a30%
102
29%
Oct
42
al6%
al6% al7%
31%
May
Feb
Co
Reymer &
Ruud
Mfg
Bros
,
*
—5
1,030
8IV
875
61
65
1%
1%
36%
37%
l7/a
1%
8
5%
13
""
20%
274«
r,i
15
36%
8
*
50
8
65
5
10
:
a47% a47%
Jan
18 y, 18%
18%
*
Pittsburgh Brewing pfd
Pittsburgh Oil & Gas
Pittsburgh Plate Glass
Feb
v.
10
all% all%
a
Share*
High
17%
•
International Nickel Co of Canada III*
International Tel & Tel Corp
*
of Prioe*
Low
Blaw-Knox Co
•
Corp
for Week
32% Jan
Sep
5%
'
Sales
Range
Apr
5% May
35 Va
90
460
25% Feb
a47% Mar
Jun
13%
Par
Mountain
Electric Bond & Share Co
Sep
56% July
30%'Apr
SiV>;
Weefc'a
Friday
Sale Priee
a24% a25%
a37% a37%
'
Oct
Pittsburgh Stock Exchange
STOCKS
Aug
22%
£ 11%
.
fXi
Jan
51% May
78% May
1
Zellerbach
20
7% Jan
18% Oct
44%
Feb
Oct
5
see
51
Nov
Continental Motors Corp
(Del.)
Coal
4% Feb
7% Jan,
18% May
119% Jun
37%
Continental Oil Co
Jan
3% Oct
53% Sep
,
12
a20 a20%
33% Aug
1
Paper common.
Oil
27%
100
a32% a32%
307/a May
121% May
31
19%
760
a20%
Feb
49 % July
7% Nov
311
21%
27%
Aug
a32%
Sep
9% Jan
27% Jan
47%
Nov
24%
3,162
44%
——.
7%
Jan
2% Sep
20% Sep
24% Sep
38% Oct
A
-
17
8% Oct
547
2,305
25%
3
—
Oct
1% Sep
2,038
19%
52
525
For footnotes
Jan
125
Westmoreland Inc ——————10 "
20
17%
Iron
Sep
23%
Westmoreland
12%
9%
Jan
7%
26 Va
Nov
a33% a33%
9%
Oct
11%
11%
common.
33% Mar
17
Interlake
6
10% Sep
44%
50
Lt ex-distribution
112% Feb
750
(B F)
100
Feb
Jun
288
Feb
Sep
3%
Goodrich
6Va
Apr
Jan
*
•
38%
26%
140%
60%
•
——
*
3%
Foods
2%
Oct
43%
Pep Boys —•
—1c'
Philadelphia Electric Cq common
*
4.4% preferred •
l—^-100 :
Reo Motors
Oct
76%
23%
Pennroad Corp
Penna Power ft LightPennsylvania RR
Reading Co
200%) Jj(pj;;
9% Oct
655
11% /
Aug
33
;35iY
•
.1
General
18
42Va May
/
'
390
*
VTolnr*
National Pr &
;N,4'V.
•
225
■:
—25
Commonwealth Edison Co
Crown
198
a58% a58%
Co
&
300
93
■
Railway Co.
Solvents
150 •
50%
a2iya
—
.25
Service
' 6%
31'A
Caterpillar Tractor Co
Cities
Nov
19%
Co
I
J
165
ny*
3
Bethlehem Steel Corp
23
68%
Sep
1%
1%
»53% a53%
Baldwin Locomotive Works vto
Bendix Aviation Corp
Boeing Airplane Company-t
Borden Company
47%
912
'-mUr1
,a877/a
13% Oct
370
200
al66
Nov
1;
High
26% Oct
164
385
12% •:
87 Va
■-
40
8
Atch T & S P Ry Co
Aviation Corporation
Canadian
20%
11%
United Gas Improvement.
15
15
a52%a53%
K-
100
1%
Case
243
1.279
83%
—1
common
Lehigh Coal ft Navigation
Lehigh Valley RR
$3
Amer
Co
28%
166
•
Delaware Power ft Light———13%
Electric Storage Battery————•
United Corp
Armour ft
Low
a
—
Transit Invest Corp common.--—25
Preferred.
——
-—-^—25
25c
Stan San Corp
60% May
Bang* sine* January
High
.
Rad
ft
Share*
a..
v
—
Amer
22% Aug
for Week
;
-1
Zenda Gold Mining Company—
; 96% Feb
Balee"
Range
of Prices
Low
Sun
Unlisted Stocks—
-410
Week's
Last
■..'■?\Y:yV:'/Vy
Mining Stocks—
Cons Chollar G & S Mng Co-
Apr
51%
Nov
Friday
Scott
,
160%
18%
Sale Price
PhUco Corp common——
de Kamp's (H D) Bakers Inc—•'
Weber Showcase & Fix 1st preferred—*
Western Air Lines Inc————1
160% Apr
22% Oct
388
17% Feb
,,——10-
Van
Aug
119% Apr
213
Jun
440 :
•
21%
:
*
1
24
1L Sep
18%
Feb
10%
Oil of California———28
United-Rexall Drug Inc
60
60% Jun
23%
Penna Salt Manufacturing
Union
92
-
18%
26 y8 July
12 13%
14
25%
20Va
3%
American Tel ft Tel.
29c
15
39
55
8%
49% May
76% May
Philadelphia Stock Exchange
Baldwin Locomotive Work*
Feb
39% Apr
Sep
-
873
33%
31%
30%
25
52% May
Feb
64% Sep
Aug
65
-.24
15y2
30
6%
47% Jan
38
■
23 V*
Westinghouse Eleo ft Mfg Co
12%
WUlys-Overland Motors Inc——.1
Woolworth Company (F W) ——10
34% May
49% Apr
3,000
11,100
nl4 %-$14%.
.
—
80
—
20% May
-4% May
10
Feb
200
24%
Southern Calif Edison Co Ltd com—25
—
10
.
38
90
18% Jun
July:
a88% a91%
al8
•
100
57
a52% a537/a
al8 al8%
—
—
55
4,600
15Va
Co
? 13% Oct
387/a Nov
100
July
a33% a33%
a33%
..10
405
.
■
18% Jan
40
ft38% a39%
20
Oct
25% Oct
a39% a40%
^
,
_•
9%
440
a65%a66%
__
1-25
908
27%
141/5, 14y3
a41% a42%
-
a65%
1
/
-
■
11% May
May
1.20 May
200
65c
15 Va
1%
,
15Va
——•
Com
141/,
97/! ^10%
20%
Feb
Feb
24% Apr
55,
55
—> a30y8 a30y8
17c
17c
18c
1.15
1.00
1.35
55
v
,
<
—
'1
12%
47
46% May
; 52% Sep
45% Jan
181
37%
38
30
•
Jan
45% Jun
41%:
a41
24%
---
Roebuck ft Co—-—-—-—*
Security Company
52
a50% a50%
u
\
;
Warner Bros. Pictures new——
Western Union Tel Co A———*
American
Sears
100
Inc_
Corp
29% July
Oct
Sep
United Aircraft Corporation———5
United Corporation (Del.)
•
8
Feb
5%
16%
Sep
Oct
Union Carbide ft Carbon
Corp-,.—;*
If
19%
25%
»
Railroad
65
640
7
33%
_
Jan
36% May
415
Tide Water Assoc OIL,
Lines
35%
Sep
24% Sep
285
M
Apr
May
99% May
Oct
a37a39%
\
,TII
Sulphur Co
Air
105
6%
«
Studebaker-Corp --r-r:..
& Company—
Unitea
11
a26% a28%
Swift
Pacific
14 y4
235
a22% a22%
25
Union
62% Nov
787
11%
Apr
2.70 Feb
50c
14%
1%
S'A
Jan
2,300
1.40
QV*,
—
19% Aug
90
a59y8a6iy8
23
23
—
•
——*'
common
-
-
41%
.1
Republic Petroleum Co common——!
5y2% preferred
—■
50
Rice Ranch Oil Company————1"
Warrants
4,900
1.30
a6iy8
Lighting Corp common—
Richfield
120
14c
a41 V a40%
1st preferred
Pacific
10% Apr
"
28
97%c July
al0al0y«
1.30
,—23
25
*
Puget Sound Pulp & Timber Co——*
Pacific Gas
2,300
50
.
.
8% Jan
15%
—
1
Co
623
3%
60c
14c
14c
1
42'% Jan
15%
—
Ltd
Northrop Aircraft Inc.Oceanic
57'/fee
2.30 Jun
310
.
#&53/4 a5%
—
Jan
5,900
1.35
23%
v3%
Oct
11
20%
360
i/Z
11 Va
a26%
Jun
42c
1,700
1,458
.
16%
1.10
60c
;;
9%
23%
■
—'
City Lines Inc
Corporation,
' 16
1.20
Lockheed Aircraft Corp—,—1
9
-
J
lOo
Co
i-
s
1.55 Feb
1,400
75c77%c
25c
25c
...
357
i6ia
1/- •
a38%
„n
Cn
62%
__
•
(Ind)
Texas Gulf
Intercoast
Co
51
Jan
25
Standard OU Co (N J)
Jun
40%
47
L-ZsO
Standard Brands Inc
Jun
100
171
1.30
i«
Railway Co-—i———^ a41%
Standard
82 Va
1.30
26% NOV
•
Cnrp
60
90
a26%a27%
'
'
15% Apr
73
62%
10
Co
torn,-/yvBigh
41% Sep : : :,
10 y8 Sep
a27a27%
•
Car
StPfll
.Southern
V'V f-V'/t!*
82 Va
Hupp Motor Car Corporation———1
Low'
'938-
—
1
common-—
y.:;V' . V'
Hlgh
52 y2
Motor
Republio
Bang© Since January 1 r
'Share*//
Loto
-
27
.,<
McBean &
of Prices
51%
' •,
v.
'
common—i—10 *•
Corp
Packard
675
a41%a43%
1
Company
•y
450
■
•
Pennsyivania Railroad Co
Phelps Dodge Corp
Pullman Incorporated
Radio Corp 01 Americu
Range Y for Week
Last
General
TRinity 4121
Sales
Friday v&y- Week's
■
-
—
Oil
Range Sine# January 1
High
10% ;10%
•
—
8hares
47% "473/.
^-18
—
& Co, Inc
^
•
::
——•
—
McKesson & Robbins Inc
Montgomery Ward
*.
for Week
of Prices
Low
—•
^y.^NeiU & Libby.
Loew
Ino
BROKERAGE
<
Par.
.
AND
Range
8»lo Prloe
400
.
22
13%
,
Jun
80
Sep
1% Aug
July
17% Aug
6% Jan
63
Feb
3% Jan
55
32 y8
Sep
48%
Jan
7%
Oct
14%
Feb
150
i%V
13
25
Jan
•v; 10% Jan
1% May
500
-
••
5% Nov
730
.5%
25
15%
34% May
145
"
8%
13
'
Sep
s
12%
310
22
Feb
May
10% May
2%
Feb
13%
Jun
27% Aug
:
yolume 164
Number 4543
THE COMMERCIAL &
'
FINANCIAL CHRONICLE
,
2577
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING NOVEMBER 15
Last
STOCKS—
Bangs'-?:
Bale Price
San Toy Mining ■: y
Shamrock Oil & Gas.—4
Standard
Steel
yX.'T:■
a■
vtc
20c
137/a
'
1
12
12
1
12
12
•
30%
31%
60c
Nov!
30%
Apr
12
Oct
23
24%
.V
24%
Feb
300
Jan
57/a
Jan
Jan
28% May
26%
Oct
41%
327
22% Oct
Edward D. Jones & Co.
28 V* May
'5%
235
,•
St. Louis Listed and Unlisted Securities
High
Sep
197/a
10.
197/8
137/a
\
15c
10
4,400
197/a
common
Range slnee Jaanaaw 4
Low
20c
1
...
Shares
High
15c
1
....
Springs..
United States Glass
Common
■
for Week
"
ef Pricee
Low
: 200
v.
,i
Established
1871
■
,,
Westlnghouse Air Brake
Westlngbouse Electric Corp com
12%
«
Jun
St., St. Louii 2, Missouri
300 North 4th
39%: Jan
Members
York
New
St.
V7>v;'v;'N
'
Phone
Exchange
Stock
Stock
Louis
Bell
Chicago Board of Trade
Chicago Stock Exch.
7600
CEntral
Exchange
Teletype
6L
693
New York Curb Exchange Associate
St. Louis Stock
STOCKS
Exchange
Last
Range
Shares
LOW
Century Electric Coi—....j
,
.JlQ
,
Coca-Cola Bottling common
Emerson
Electric preferred
Grlesedieck-West.
1
common..*
Hydraulic
Pressed Brick
International
Shoe
Johansen Shoe
common
Laclede-Chri8tv
Laclede
Gas
,'*•*
'
■
143/4
100
,
-
7%
(
,
»
1
.
Friday
Bale Price
■
Par
I
II.'
Aluminum Co of Canada
of
4%%
Argus
Corp
Preferred
;'
Asbestos•Corp
Bathurst
pfd__25
pfd—25
-V'.
Light
b
Bruck
Silk
"
'
"
Mills
111844.^4——.,4.,
rred
preferred
Canada
j
.
26%
19%
„
—,,
;
27
1,530
23
20
450
18%
;
179
180
.3,561
500
.
3%
3,825
29%
230
30
215
19% May
23% Jan
14V* Sep
35
15
19%
19%
220
31
31
863
300
10
100
9% Oct
14
325
50
88
13% Nov
47
Oct
26
26%
4,260
20% Mar
45
45
Sep
■
107
107
105
July
w
" —.14
-58%-
44
410
40
100
50
16
35
July
Mar
Jan
75
32
July
53
58%
59*
410
41%
40
35
35%
15
15%
13%
—
41%
16
40
—
14%
,
*
58
,
"
14
12%
22%
12%
12%
900
750
V
12%
13
83
84
77
Oct
42
345
41
Sep
.*
—44
;
"
44
44
5
Jan
26% May
25% J Say
46
May
24% Feb
19
Apr
102% Jun
50
May
52% Aug
Sep
83%
•
.
Sep
12%^
25
—28
Sep
Sep
Oct
Oct
Nov
35
31
;._u...l00
.25
14%
*
common
.*
Dryden Paper
31
38
//T4":/,
X
C: 94
25
„-T|..9q
Corporation
Heating Products
5%
Preferred
*
common
•'/
preferred
common
(Charles)
9%
100
17%
895
15
225
25
Hamilton
:
;
Bridge
18
'$
109%
50
•
109
18
810
109%
110% 110%
815
15%
55
,130
May
111
-Jan
17%
Feb
111
53% July
13
13
14%
14%
7%
7%
27%.
27%
53
41
Imperial Oil Ltd
•
12%
12%
25
53
41
100
28
■
> 400 r /
75
Feb
20%
Sep
56
footnotes
see
page
2581.
6,110
18%
19%
50%
33
Oglivla Flour Mills common
Preferred
!
48%
47%
Weaving
47%
14
87/a Mar
13%
13
v
Sep
18 V*
6%
Sep
14
Sep
38
54
42%
2,837
35
Sep
50
13%
2,824
12%
Oct
17 3A
7%
Jan
31%
31%
8 3/4
52% July
14 Va
Ltd
21% Sep
30% Apr
24% Mar
31
May
1,265
Sep
72
Jan
26% Sep
35
Apr
50
52
29%
Sep
38 s/4
Aug
33
Jan
40
29
Oct
45
.
77
184
32-
32.
•
—
i
.Li
72 '
72
15
14%
32
33%
:
Powell
33 %
River
Power Corp of Canada.,.., i;
Price Bros & Co Ltd common
5%
—-—
25
Rolland
Paper preferred
.—..*.100
102
Saguenay Power preferred—-——100;,
St Lawrence
Corporation common
St Lawrence
Paper Mills 6%
pfd
•
21%
21%
170
14
—
14%
—.—100
•
*
—*
18
16%
—
84
86%
37
37
.25
—
.
37
*
—
'
'y'9%, ■.
;
28%
Worts new com *
——i.—.
'•
-—
■„
35%
■■
—.——25
preferred——
; r
14%
•
.,,
-
20
May
Jun
16
Jan
Sep
•
92%
Jun
Sep
94% May
31
Jan
8% Jan
-44
13%
Feo
16
Jan
20
Jun
1,198
28
Nov
25
24
200
22
100
50
•
•31%
Oct
Oct
36% May
Oct
I
27
1,917 ' ^10% Sep
Apr
21% May
1
95
Jan
104
85
34
Jan
45
257/s Sep
22%
Apr
29
Apr
May
;
Feb
Itenka
Canadienne
—
Commerce
■
■
,
■■
'
.
—10
'in
—-——10
^nrrnftl
20
22%
.
7n
Royal
..
Jan
19%
Jan
50
27%
Sep
30
47
,
24.v July
"
28
.
Jun
—
28,,
25%
265/4
2,830
21 Va
Jan
27%
Apr
36%
37%
90
33%
Sep
39%
Apr
—
»10
I
22% Feb
16%
800
289
20
26%
—-——10
Nova Scotia
24
24
23
2,972
Jan
20
25% JulV
Montreal Curb Market
1- Canadian Funds
Friday
Sal«
Week's
Last
Range
for Week
of Prices
Shares
vr-
May
Feb
Acme
Aluminium
Auto
•
Works—
Glove
Ltd
Fabrics
6%
class
100
preferred
A
—
——.—*
—
—
108 %
X
—
.
—
Low
8%
108% 108%
11%
5%
Range 8Inee
11%
-5%
January 1
High
Lov
High
9
; o:
"X
>
Aor
:
16% Nov
e»ep
a
73
27%
19 Va
22
Jun
16
.
27%
—
25
83
1.041
20
29'%
27
27 ;
22% 22%
14% 15 %
100
100
35
35%
108
10
9%
28
M'
(George)_.
9%
Jan
Oct
310
Jun
26% Mar
13% Sep
360
'
113
185
17
35
9%
80
Feb
Sep
102%
10
July
; Apr
9% Mar
Mar
July
12
2,080
16.V3
9
79
5%
.
Apr
Mar
106
20
75
9
common
Jan
160
15
18
80
84
—
22
104
Sep
6
83
135
14%
105
105
103%
;.
1,492
21%
170
•
Preferred
19%
July
102
110
750
104% 105 Va
105
*
•
common
Canada Power
Brothers
36
Apr
17% Jan
73% Apr
102% July
17% Jan
113
102
103
105
105 "
7%
7%
__
100
Shawinigan Water & Power———.—*
Sherwin Williams of Canada pfd—100
Breweries new
Feb
.v
.
•
Sicks'
Sep
.Sep
14
160
20
Sep
100%
165
16
'•/'•••
.v'
10
A5
101
19%
—" 19%
Quebec Power..
465
Apr
23
Oct
Sep
Sep
28
1.040
1,570
13
57%
101
101
Lv 81
14%
,250;
16
100
■
12%
55%
«
56%
•
preferred
Provincial Transport
I*g25f
5.-.•
15
r,
Apr
103% Apr
v- 34%
Feb
•?
72
1
Oct
20
Jan
175
15
102% 102%
;
common^
Oct
155
215
6
Development
Jun
52
24%
28%
May
27
3,028
^
40
Feb
55
30%
Sep
25
50%*
Jan
50
37
*^43-.-.-
24
28%
Page-Hersey Tubes
Feb.
'
Sep
15
Placer
May
56
Nov
184
Penmans
22
52'/a May
44
14
May
157/a
V"
Jan
14
184
Sep
1,465
30
15
.—100
Apr
Oct
/
L
Jun
52
Oct
•;
Jan
i
260
Ottawa Light Heat & Power com—100
Preferred ———————.100
12% Feb
13%
Sep
47
Mar
12%
26
1,222
Jun
25% Feb
Feb
45
13%
iv 37%
16
,
,
646
Sale Prlee
13%
Apr
Feb
25
—
•
33
'
.46%
25
iw
18% Jun
30
48%
.
Oct
29%
18
33
Apr
May
-
22
4,370
50'%
Sep
26 %
Jan
16 V4
2,035
19
—......*
Noranda Mines Ltd—.—.
»♦
Class B
For
21
21
■
Aug
147
A
£1
Industrial Acceptance Corp com.—.
•
International Bronze preferred
25
International Nickel of Canada torn—*
110
70
20
Jan
17%
•
Preferred
105 Vi
220
55
14%
Jan
22% July
34
Feb
14% Jan
55
Hudson Bay Mining & Smelting
Imperial Tobacco of Canada common.5
9% Nov
17%
.
34'%
20%
1,011
50%
33
—100
Imperial
18
60
34
16% Aug
110
13% Sep
650
23
;
Sep
110 ;,
May
16
Sep
•
:
22% Aug
22
Mar
25%
•
Howard Smith Paper common
!
Preferred
Oct
9%
*
common...
Sep
15
17%
•
Gypsum, Lime & Alabastlne
20
625
25%
100
1927—;
300
18%
17%
"
Gurd
21
18%
25%
100
General Steel Wares
;•
Winnipeg Electric common
»
•
preferred
Goodyear Tire pfd Inc
Works
22
& 23 Va
Nov
f 13.^'Oct ■
1
22%
37 V* Apr
24'/a May
Feb
Jan
19
1,150
21%
.
18% May
16V2 May
28% Apr
'
18% Jan
65
20%:
.—..^**-**..*40,:
———
Wire
Niagara
Weston
>
;
^
'
SVuVo
18%
29
125
34% '
;>
common
Wilsils'Ltd
20%
1
Famous Players Canad Corp
Foundation Co of Canada
Power
Telegraph
.,«.106
Zellers Limited common..—*
a
270
19
15%
__
•
Breweries
Walker Gooderham &
•
Eddy Paper conv class A..;._
32%
21%
15Va
15%
110
110
National. Drug preferred
14 National Steel Car Corp-..24%
-
Gatineau
22
•
—
May
Sep
Jan
25
120
19
;
Apr
Jan
60
Jan
12 V*
125
15 Va
Viau Biscuit common.^——..——
25
94
10%
275
•
26
>
Tooke
25
93%
25
15%
United Steel Corp—.....
14%
25
t'
12%
21
v
..
•
-
(Robert)
Preferred
40
38
•':•••
32
32 Va
:
High
59
•'•27%
39% Sep
137/a Oct
44
Oct
10,975-,
1,806 i
•
13
25%
*
......
National Breweries
10%
40
■
100
common
...
17
10%
llVn
13
Steel Co of Canada common—.——*
33
"
,11%
j
—*.3
Standard Chemicals
33
*
Enamel
Secord
Southern
32%
17
X '
25
common
.....5
Southam Press Co
•
preferred
Electrolux
ytilltles Corp..
Simpsons Ltd preferred
class
Dominion Tar & Chemical common—t*
'
Jun
Range Since January 1
::0y;.lo«r :...j
44
Montreal Tramways
May
110
-
20%, Jan
22% May
78
Aug
44% May
20
Jun
49
Jun
150
1,435
,
&
73% July
High
44
Montreal. Locomotive
Jun
53
12% Sep
* 18% Oct
50
19%
16
—
■
5
14
19
■
Low
14%
Montreal
53% Apr
51
1,507
125
1,936
Dominion Textile
48%
Shares
48%
Molson's
29% Aug
10
28%
Dominion Steel & Coal class B
Dominion Stores Ltd
s;
Oct
Oct
Sales
13%
Montreal Light Heat & Power Cons—•
25% Jun
31% Oct
14% May
22% Jan
50
14'
Preferred
,
35%
48
for Week
-
46
Mitchell
Jun
13%
20
20
Ran so
of Prices
13"%
24%.Feb
.
14% Jan
30
Sep
Glass
Isss—..—41
Preferred
105
350
.
Week's
I>Mt
"
29% July
340
30
15%
;
13%
Dominion Glass
"/'j*
37%:
54 y8
THdsy
.
f:
Massey-Harrls
May
45
•
»-
,,,,,,,
Dominion Bridge
-
Oct
V
Lewis Brothers15%
Lindsay (C W) preferred..—**..—100
'
5% May
35
27;
27
24
Dairies
49 % May
48%
Laura
Jan
35
Distillers Seagrams old common
Preferred
—.....__i__._100
Dominion
Sep
36%.
cV~.
Lake of the Woods common._....._*
Feb
2% Sep
27
Jan
13%
Coal
16% Nov
343/4
503/4
•
10
Lang & Sons Ltd John A—21%
24
Apr
170
•
216
Jun
20% Sep 'V,/; 30% Jan
21% Oct
29% Apr
513
,
23%
3%
.^
Crown Cork & Seal Co.—_
Is
Co.
Dominion
_
..
Sep
Oct,
29%
•
•
„
ja,....,
Davis Leather Co Ltd
430
260
Apr
26%
Consolidated Mining <& Smelting
dining & Smelting———0
5
Consumers
12
102
Sep
13%
27%
Locomotive
omotlve
.
Jamaica Public Service Ltd.,—JL'
Labatt (John) —
,■
-» •;
May
27% Sep
50
.
Canadian Pacific RaUway^.,,
iflc Railway
Cockahutt Plow
W4———
v
.
International
227
i4
1
a
»
classA^*-.t--1jOO
^
High
21%, Apr
40
Apr
26
Feb
Sep
22%. 22%
Canadian Ind Alcohol eommnn
eommop;..^.,15
Canadian
18
35%
International Petroleum Co Ltd**.*.**
International Power common
22% Jun
94
22%
common
*
common*.*.
Canadian Foreign Investment...
»
eign Investment——
•
,—.
''
•
Mar
10
22%
Cottons
tons
4
common
.
26% July
6% Sep
710
31
50
pg
,
14
300
1%.
95,
15%
•
„
"
—-
B
enmrnnn
Motors
>•,
Jan
27%
IV*'
Corp
•
Corp—10
'Canadian Celanes# conamon.
•
moep «pmmonw«w^L*
1% preferred
9d.
25
.25
Canadian Converters class Aiverfcers
100
Class
Jun
May'
152
Apr
11%
550
International Paper common.—._15
Sep
19V*
100
....*1,1**.*.^. .———100
_ioo
Canadian Car Sb Fpundry-cojnmon——f
Foundry common
•
;
46'/a
26% Nov
140
5':'
16 %
—
Par
16
^
30
•
,
Canadian Brpnze common—
nze common..**.^
Canadian
Jun
19
;(
16% Aug
19 V4 Oct
Sale Price
130
3%
.*
;
<
—.
Northern. Power
ionic
|j! j-., Class A
Jun
Oct
30'A
60
V-
12'
,
V' •'' •V-v'v
Elee.trte
General
8TOOK8
915
29%
•
^
Canadian Breweries eommnp
weriet common
}
28
35Va
35%
16%
-.5
Mar
Sep
Sep
56
26%
141
11%
—
1»
General
-
245
22%
v
5
preferred_*-----
Preferred
26%
179%
•
___
....
Canada Steamship common
ishlp
6%
26%
141
1
com
new
com
McColl-Frontenac Oil
'
,
Cement, common r
mfr common..
$1.30
A
Jan
15% Sep
35
July
125
"
17%
20
•
100
100
Power_„
Power.;
ucts
Building Products class A.
A
Bulolo Gold Dredging
Dredging
Canada
class
Jun
Range Sinee Janaary 1
2,901
2,650
190
27
*
.J-
Corp A——*
'
.
9%
Low
17%
19%
38%
95
British American Bank Note
can
Bank; Not* Co.
*
Columbia ForeBt Products——*
tbla Forest Products
•
British Columbia Power Corp A.
ibift
•
Britlsn
21
19
23
Oct
'
High
16%
7%
Shares
of Prices
37
—
-
Power & Papier Clau A—
ec.
Paper class A
:
27
Oct
:.U.
27%
20
100
Serv
Stix, Baer & Fuller
Week's
187
—
*.——100
*.w....l00^
^
4
.
Bell Telephone
Brazilian Trac
c
Sept
5%
/-'Bale#"- %$£
' .Jtange
for Weak
'
*
16%
18%
18%
38%
17%
ZZm
common
;omxpop
*
13
290
Pub
Wagner Mlentrln nnmmnn
9»/4 July
15
L....*
common.
preferred—
Louis
High
Lots
10
80
21
27%
26%
1st
St
Exchange
Low
17%
,
.
$2.5Q Preferred ^—;
red .r. ;
f
•
99
.4.——-20
Algoma Steel common,
common—..
•
Ltd
155
.7%
1
Range 8inee Janaary 1
High
21
y
••>
Fonda
•
Last
>>■'
,
*
$1.50 preferred
20
redi—————20
Aluminium
15
6%
Canadian
'
& Paper'com
Abltlbi.Fowef Sb Paper'com..*.. ;
.
Jan
LOW
Jun
RANGE FOR WEEK ENDING NOVEMBER 15
•
„
50
Jan
14 " Oct
25
—
Rice-Stlx Dry Goods
Jan
100
21
20
common
21
Jan
52%
;:V •:-
•
Missouri Portland Cement common..25
Feb
32
Shares
Par
common.,
McQuay-Norris
for Week
CANADIAN LISTED MARKETS
STOCKS
^
68
Apr
y
Steel
Range
of Prices
Unlisted—
r'vV-i- j;
jl
unm
common
Montreal Stock
t.,.
5
116
Oct
36%
,
Feb
Oct
•
30
60
14%
35%
Mar
® 22
20
6
14%
Feb
Oct
50
:
81
40'/a
6
■"
100
"
Laclede
10%
Nov
113%
165
%!
30 3/8
'
40
<"*—
1
Clay Prnd
Light
30
.—*
15
60
24%
24
''>{y
High
7% NOV
250
60
«...
•
common
Johnson-S.-S. Shoe common.*;
23
24%
24%
preferred—100
70
113% 114%
—
Hyde Park Brewing common..—.4—4
Low
7%
24%
— w
Range State# January 1
High
7%
24%
100
Brewing
ed.4—-
7%
Sales
Last
Sale Price
for Week
of Pricee
Sale Price
Week's
Friday
Sales
Week's
Friday
.
145
78
300
200
Sep
12
108.30 Oct
120
8
11%
Sep
5%
Nov
Jun
Jun
12 V* Aug
6%
Aug
;
2578
■:yy%yU,:
'•
V, :V
NOVEMBER *5
RANGE FOR WEEK ENDING
Week'*
Friday
Last
Shares
Low
Brandram-Henderson. Ltd
Brewers
Vancouver Ltd
of
American Oil Co Ltd—
antish
British
Packers
Columbia
Brown
v
Distil'
&
Preferred
pfd
Calgary Power Co Ltd 6%
Bread
Canada
Ltd—
Co
Dominion
Canada
Canada
Northern
.100 >
* 5
.....
26
26%
7%
7%
preferred
Canadian Ingersoll Rand.
—
105 J/2
Aug
14%
10
20 J/4
>
Jan
i:
30
2i
19% Jan
19
Sep
178
60
195
Jan
60
Nov
3
Jun
July
Aug
70
Apr
y
2% Sep
5%
-
Pow & Pap Inv Ltd com
Canadian Silk Products
Canadian Vickers Ltd common—..
Cassidy's "Limited
33
31
152
1.75 Jaii
29 /
:
33
157'%
160
Sep
Jan
98
174
'4 %
*
common..
Consolidated Paper Corp Ltd
Aircraft Corp Ltd..
11 J% >Jan
4 »/2
:
4'A
*
1.50
1.50
Engineering Works titd——*
Dom Oilcloth & Linoleum Co. Ltd
**
42 J/2
43
1.25
Sep
2%
Dominion
Wocillehs-js—
■*
:
Donnacona Paper Co ll*
39%- 39%
•
.
18 Vi
18%.
19
45
;
7,000
12c
Nov
38c
Jan
28c
Oct
60c
feep
2.15
Jan
r3.65 Jan
East Kootenay Power 1%
Faircnild
Alrcratt
3
common..
49
4
21
4'/2
1,600
55c
10c
Aug
•
1
—1
75c
75c
.1,517
64c
July
2.43
2.30
2.50
V 3,700
19%c 21%c
38,800
8c
4
22c
8c
22 'A
60c
60c
■>-
,,;i3
50 Vi
50%
13
5lJ/2
"
412.
v.-
80c
6%c
24
24,
16
28%
1.25
17%
Sep
75
44
J/2
100 % Mar y ;
19% Sep
62
".if:
Oct
Oct
28%
55
120
.
r, r*
6%
convertible
3%
80. ; 80
10"
10
'
75
10
preferred.—.50
62 Vi.
52%
60
80
12 J/2
Aluminum of Can pref.
12%
MacLaren PowCr &
Paper Co.—■—„•
Maple .Leaf Milling Co Ltd
•
Maritime Teleg & Tel 7% pfd
10
$$42 v
f
Apex
,
Jan
13
20
July
Apr
28J/2
io
....
34
28 J/2
103
14"%
Paperr COxx—.5
14%
14%
17%
,
17%
18
14%
-•
Sep
•
*
Ltd
14
30
29
Jan
21
18
Jan
67%
68%
66
Sep
80%
9%
681/a
*
'!
9%
9
Sep
11
——
»
101
—
Crush
Orange
m
common
Pauls
Service
Power:
Corp of Canada—
6%
non
Stores—L.
part
conv
2nd
18
i;
•
pfd—
18
181/2
250
17
21
630
*
wru'
Reliance Grain Co
'Southern
•
7f
Ltd
-.50
ivu
.IGQ
Invest.
P*U-
55
55
Cb.
30
^
22% Mar
i»fd-—100 1
121
Jun
Bank
221/4
Bank of
16
121
46
Jan
60
11
Jan
15
"26
Sep
18 J/4 July
43
4
121
39
25c.
25c
2,865
1.85
200
v
•
—
13 J/4
13J/4
13%
33
115
25c
Jan
132
U
Jan
;
;
Ltd—
-Band Ore
(1937) Ltd———.—1
Beatrice Red
Lake Gold Mines Ltd
Mines
1
Century Mining? Corp Ltd
Cheskirk
Mines
J..
.
,
Duvay
Gold
-
new:
Gold
1,000
5c
500
Nov
Nov
13c
^
Sons
A
13%
*
13%
15
13%
12%
14c
/16c
40o
39c
40c
12c
—1
„»
12c
13c
13c
h
•
13p •;:15q-
Mines
American
British
Columbia
29,560
22%
,'i 16
23%
3,775
15
325
19c
20c
3,200
26 V4
27
640
3%
3%
3,380
15%
Oil-
3%
151/2
Forest——
—x—
3%.
Brit Columbia Packers class*
-
mm-
v':' ' Class- B
xx—;—
L
British Columbia Power class A
1.31
1.40
23C
3.48"
1.07
1.46
11,800
1,500
23c
3.50
75c
20c
2.25"jUly
7,900
1.10
:
^
1.85. Jan
55c
v
150
500
140
84c
5,100
60c
Sep
73/4C
45,700
7C
Oct
58c
S5c49%C
5,950
t
37C
6,000
15fe
80c
7c
.
84c
1
7c
-
-y,.
2tc
-7bc
v
v/y
56c
610:
11-
i
^
37c
70c
11
31b
-
Oct,
61c
49c
Jan
Nov
Vlt)5 Jaq
Sep
70c
Sep
19% Feb
29c
Oct
65c
Apr
2,000
,
10%-:
1,700
-
11c
lie
Nov
lie
23,700
10c 'Oct
13,200
45c
July
29c 38% c
33,100
2,100
19c
Oct
42c
84c
16,200
12c
Aug
July
'43c
3.60
:
21c
Canada
Canada
New
51
50
2,900
2.05
100
1.70
1.85
4.80
2,000
2.05
2,800
75J/2
1.70
1.70
300
Wire
class 'B
-
Class
—;
1,000
11 Vi
20C
27C
,
.
60,175
/
91/2
4,600
6%'! •~;v / 25
60
107
18
186
8%
^
,
.57
9 J/2
532
475
115
.
18
17%.
.185/
186
14
14
J/4
40
<
:
'•
86
86
20'%
22%.
26'A
200
~
V15
>:>'■/
102% Jah
14%,Jah
;
Z
30 7
,
.Oct
53
;..
Mar
Apr
July V?
Apr
yMc .Juh
56c
3.60
~
Jan
Jun.
9% Jan
.
108'/a JUly
r
V,'YS'ArJuh 7
V 3i% Oct
,8% Oct
„
.464,
Aug
14% Feb
y ,2l Vi Aj^r
167/s Oct
50
May
14
12$
Jan 7 j 205
-,
23
Feb
13% Oct f
53
Juh
Bep ;
•: 35" v. .47
AV- 99%. JUly
86
Nov
10
30
Jun
20 % Nov
106
1
9 J/4
50
'
Caandian Breweries common.;
Canadian
Nov
7v*
1.70 Nov
Canners
1st preferred
—^
Conv preferred
•
_*
common^-x——*
—
—
^
t.
—
20
*
<
1$
26
26
77:
.[,.*24... Juh
m.
20
Jan
Mar
24 "25'/a
ib.f?r 22%
Canadian Bank dif Commerce—a
175
22
Oct
32 J/2
281/4- 28%
2'4 Vi' 24%
"115
25
Jan
32
May
22% Jan
"32
Jun
25%'
2,030
"3,680
T7
"20
29% Aug
*
*
•
v
-i
i>- 44c
Feb
4v;i9.%-May /
2.95 Jan
8%>ioy
/
7-
Feb
Juh
:77
Oct i
Sep ;.,
bet
27
17
1,72/BeP i
8
-
.
20'%
£1%
lie
,
■7:7;
85
-w9%cMay 7
Sep
,
■Pi
Apr
Feb
.
'
48%/
50
•
,19c Jvdy.
16 i NOV
'1.554IOV
165
1.
8%;
/ 58 '
9%:
97c
Jun
'
9,200
2.00-' 2.10
••
-45C 7 Jan
v
-
s;
87
16c/-
14C.
1.64
11% Sep
'^15,3-10^
Jan
72c
4i".
•';
22y+ Jan
rile,800?
1.80 L
May
5% May
Jah
55c
Mar
100
16 J/4
1.55".
45
;
»^4%c Jan ;
.'-245-''
.'
27c
85b:
16 »/4
17 J/2
11% Jun
Jan
2.22 May
3.85 Jan
Aug
%
—*
—
15c
23%
go
,
13
18%; 191%
30 Vi
30%
A_—_—ixi*.—
——
1.76 May
98c
8,100
44,300
5%c
.6%
106
,L—..yr
aai—
—
3.20 Mar
Jan
1.70 July
2.00-
preferred
2.30
1.09
5 Vsc
f-24c
common
1.00 Sep
Feb-
^
—
100
Cement
.Preferred
Canada
1.20
'
25C
1,55
14 %c
Steamship common————*
Canada
7.50 Jan
51
LakeBread comrhohx—
Canada
2.50 July
51
Oct
1.15
•C'
.1.
Canada
8,100
2.05
xl
Jan
Canada
4.25 Sep
2,05.
I
Feb
Canada
^
Jun
1.00 July
1.20*
4
—20
Machinery COrp——a.——
'Malting
North PdwOr——:
•
Packers olass B_—xa'—.—-*
Permanent Mortgage-x—100
4,600
-
30
12%; 12'/2
16%
/; Class !'A"
;
2.24 Feb
1.41
Gold————.x—.
Campbell Red
Nov
1.15 Feb
22c
310 f
Jan ^7
JUh %
§
'
Juiy
July
Jan
'
3.85 July
15e
.
Aug.,
28'/2
?
July
95c
'
Canadd
14c*16c
s
13
Calgary <& Edmonton—
Calllnan Flin Flon_-ixx'.
Calmont Oils :• —x—1.-—.
Nov
;. io
75c 82 >/4 c
3.75
61
j
i.l
,
40c
600
23%- 24J/4
.Caldwell Linen- 2nd.;preferred_i_-_
1.15 Apr
58c
:k ~~
class'A--.
Calder Bousquet
Apr
July
20p
25J/2C
Class B.
Mar
34e
fe- Co
.
J——__f
i—-J*
Burlington Steel
Burns
•/.
30
* '
Oct
Oct
21c
4,100
11,600
;
26c
Oct
•
Jah
16% Juh:
Oct
28-* Jan
>2% Sep
F6b.?:
3% Nov '
30%
'
13c
;
-
.48%
-
6'A
•
May
Feb
Aug
.850
Jun
54,925
t
300
Jan:,
39Vic Jah
Sep
2%. Sep
13% Sep
100
-
46c
46c
25J/ic
*
Bunker Hill —Jiil——i—a—:
Jan
46c
•
Building Productsv—
1.36 Sep
36c
July
25c
-
23,500
35c
lie
'
1.00 Sep
•
>1
Mines
Buffalo Red Lake Mines-—_—*
"Feb
1.45
-'
440
jl
Porcupine Mines, Lt<L—
Mines.
25
-115
3
20c.
13c
19c
:
,
131/4 Mar
15c
Sep
:
3-
*
—
Buffalo Canadian Gold
Apr
' ' :5 '
11c
14c 14J/2C
;
British Dominion Oil
29%- 29%
i*
—
—
::
i5:«
4.28
y Class B
20 v«
10
:
7
24'A
,3dc
10% Sep
2% Nov
190
2%
26%
Light
12
22%
,
11%
Jan;
".44% Oct
-f
14c
2,500
11%
3%
Feb
45c
?
HVi Aug
10
3,000
lie
*
Ss Millen
21'% Nov
Sep'
July
30c JUly
10c : Oct
10c July
1,300
8,800
May
92c
'
-
Jun
12
25
14c
23%
July
July
16c
;
85
21%
12%
X
i >>
47c
7,100
10,800
Jun
1.45 Jan
Oct
77c
May
216
Aug
23c
21%
-■
Mined; Ltd—
Lake
70c
July
2.65
,
Oct
19
Jun
Jah
May
46
Nov
475
•
July
i,o4
Jan
39c
38
51
Jan
170
July
28c
Jan
500
95c
19 >/4
>'
Feb
31.7
...
977
Apr
40
JUiy
39
145
;
-
70c
»x*
common^.———.1
7 Vic
121,800
21c
.1
32%
bic
60
-
•
18£
19
75c
1
—
41c
95c
19-
-
43 Vk
178%-
179,
—*
Red
1
43
39c
39c
X
—i—100
1:
21% Jan
Oct
3,000
62,700
-
46
4.26
i
2581.
44
44
........
Brewis
Feb
37c
•
'
9C
Jan
24c
27-
32'%
320
•
72c
U.
32
3.85
page
9c
64c
:
70c
Sep
July
Aug
,
see
38
9C
72c
-l
4.?5
Aug
18
1.30
—
35
i
July
700
Feb
58c
July
405
AUg
6 J/2 Aug
8% Oct
12c
Feb
7.25 Feb
121/2
Oct
15 %c
500
-
38
1.35
260
180
3.10
Mines
37
Buffadison Gold
780
183/4
1.23
„
5,050
15J/2Cl5J/2c
25 26%
38
& Pwr com—*1
Brewers & Distillers-^.-u—.
Aug
Feb
17J/2C
2.83
,
1,000
23c
*
3.80 J"lv
11
720
5'%
Broulan
Oct
1.26
Normetal Mining Corp Ltd
O'Brien Gold Mines Ltd
11%
Buffalo Ankerlte Gold Mines—.—
'
15c
2.85
.iij.
class
Brazilian Traction
Jan
35c
35c
..
Mines Ltd^.
1,783
20c
15 ViC
46c
21,300
-
11%
10
.
Preferred>i—-4«-
■
Brand
Jah
5,100
Louvicourt Goldfields
Dredging..........
80c
4.40
70c
4.20
—
Lingman Lake Gold Mines Ltd^
Ling side Gold Mines—..
:
Mclntyre-Porcupine
July
1.55
45c
36C
Negus Mines
1,02 Apr
Feb
v
Ltd.
July
Apr
14c
Mines
Jan
36C
43c
Joliet-Quebec Mines Ltd........
Lake Rowan Mines.
55c
52,400
28c
~-■ *
Jack Lake Mines
Oct
40c
July
6,400
4,500
1
-vy
16c
37c■
July
i;09
--'Lxxx*..—iy:
.
22p
103,360
1,800
Apr
—•
Yellowknife—
Bralorne
Jan
49c
6,000
Gol(Li-i—J
-
—
Hugh. Malartic. Mines,
ni
Boycon Pershihg Gold Mines;,,.
60 J/2 c Mar
.
9%c Oct
if i>y; 45^.
Hollinger Consolidated
Hudson Rand Gold
For footnotes
5c
16c
44,500
Feb;?
50c
100
r.
Minima
Lake
7,050:
>
180
87c
22c
i
Mines.,
Feb
15c
Jan
Get
July
/38C
2,100
230
ttd.^1——1
Heva Gold Minfes-i.....-;
Osisko
July
22c
15C
20c
20c
>
British
26c
128
1
Cons
5c
5,000
31800
11%
■
1
Ss Radium
tty Bros class; A—
&
Jan
62c
10c
8c
42,000
3.5b
Found Lake Gold—
Nechl
9%c Oct
July
Jan
1.70 Apr
17c 20J/aC
26c
1
Macdonald
Nov
6c
3% Feb
55c
300
17c 19J/2c
,1
Formaque Gold Mines Ltd.
Goldbeam
4,500
6c
41c
July
22c 26 3/4 c
l
\ 1
—44c
Mines
Fontana- Mines l4i945 J
GoMvufe
13c
25c
1
—.i—;
200
183/4
Eldridge Gold Mines Ltd
El Sol
m'-nl
Bonville J——
47c, Nov
34c May
2.53 May
30c
Jan
1
16o
igq
>
—.1
Mines—J—---
July
.
49c
211,300
23%c,
1
,A }>.
....
9c
41c
260
-l....——
Mines——
Rast "Sullivan
Elder Mines
:
•
15,300
10c
170
>
—
Bidgood Kirkland Gold—-—
Biltmore Hats common—_—
ll%c Jap
.
Nov
5c
l7c
1
....
boine Mines Ltdl
Donalda.Mines Ltd
5c
,
1
:
——.
Cortez Exploration
Cournor
Minlrig.1—...
ibc
6c
1
Gold Mines Ltd.
25c
4,200
90
6c
y,
l
Centremaque
5,500
45c
12c
1
Cartler-Malarti'c Gold Mines LtdCentral Cadillac Goid Mines Ltd
360
410
>
1
Brazil Gold & Diamond M Corp
.
10c
:
1
Bonville Gold Mines Ltd—
Sep.
July
40c
44c
1
Beaulieu -Yellowknife
'4c
340
V
...
2,100
25c
5J/2.
A
Bobjo Mines Ltd
Bonetai ' Gold .Mines,.
41/2O- 4%C
21c
i—
Bevcourt Gold
Jan
3.00 May,
13i/a Nov
:Mining' Stocks
Mines
Mar
4.30
10
Blue Ribbon
Athona Mines
bue
,70c
Toronto..:1:
Bertram
7
Oct
93C
Jan
37c
——
Berehs River
.
Arno
22c
Jan
Vic Feb
12
1.00 Sep
1,323
..
Id
Class "B"
24
19<
Bell Telephone of Canada
Juh
30c
'
-
-
Oct
Get
Mar
35c
——-
Nova Scotia—
Beaulieu
251/2 Mar
May
1.75 Nov
■v
9C
7
7,800
16*900
!
May
Apr;
May
85c
30c
Mines
Bear Exploration
Ben
23c
Oct
86c-
23%e
Jan
30c
July
50c
1.40
86c"
Base Metals —i-i-—
Oct
July
6c
Feb
Jan
17c
Montreal
of
7c
Jan
;
1.95
Nov
375
7%
1.36
13
8.00 July
90c
1.25
;
—
class
!
27% Aug
Sep
27 Vic
.J
Consolidated Mines
Bankfield
July
Mar
25'/a Juh
Pet
■
——
Fabrics
?^C;
7
li
Ba|afhad' Mine's 1•■■■■r-' .,1,
.119
146
1.83-
25c
„i..—
Windsor Hotel Ltd
100
5,000
.
Class "B7
Bank of
200
y
32'%
16
16,
Ltd.
.——
55
13'
rl3
30
*'•
common
Canada Powbr 6%'
Southmount
-Western Grain-
Auto
Feb
30
14% AUg
—10
w
39,100
12c 14 Vic
'7
7%
^l'
Mines
Gold
2.40 Aug
38'/aC Apr
2,700
64c
Auraaque Gold Mines
Aunor
^14 "itAug^
•,
,98% Jan
•
9c
57 c
Mining
Mines
July
2,000
$J/8C
•
Auhelle Mines Ltd
7;
"
u
:25
19'%
201/2
—
r
101
11c
9c
63C
——-
Yellowknife
Atlas
27 J/4 Mar,
,
14
Moore Corporation
Athona
181/4 Mar
:18 A Sep
10 yMor*
30
■■■;**&; •? '
—20
;
......
—
:iic
—x——.
Jah
1.00
90c
17,000
Quebec Mines—;——
Astoria
Sep
1,181
1.07
;—
Ashley
104 -/ Aug
'11% yjany
>
21,
1x30
2nd preferred
Arntfieid
Jun
35 !
'
101% JUly
6% -Oct >
7
8.75
90c
Gold Mines——
Armistice Gold
47'A May
171/2 Feb
,21%
-25%-Sep
103
7 $
__
8.75
Argus Corp Ltd comnidn.
133/4
103
,
8.75
Arjon
Jah
Feb
May
13'%c Oct
4,000
1.05
Consolidated Resources.
Aquarius Porcupine
26
230
28,595
...r..r.vi.i.*'
Jan
54c
July
Sep
6,891
22c
1.11
1.85 Aug
jun
85
1.55
17c;
July
May
42
16
230
27%
1.42
107'
129%
26%
256
r
95c
-•
,
Jun
Apr
Jan
Oct
19c
23,500
i
17
187 192%
12c
Ansley
85% Mar
201/4
24c
16%
X
■
...i,
21
24
22%
Jan
1.05
4,200
20 c
28
20
1.20
17c
■'
53 J/2 May
137/8
II
Massey-Harris Co Ltd 5% pfd...
100
McColl-Frontenac Oil 4% new pfd—100
Melchers Distilleries Ltd common
_*
Preferred
42
34
1.10
„1
,,
-
--
Mar
Sep
19% Sep
103
-'Sep
205
1
Anglo-Huronlan
Angio-Rouyn Mines
Seb
15
Low
1.02
Fbb
ll% Sep
■«
1.44
,
Jun
'.Htih i
15
27
Anglo Canadian Oil
Jan
20 J/4
...
Minnesota 6s Ontario
\
V 3,455
187
-1
Yellowknife
Warrants
12%
3,050
34
-!
Amalgamated Laraer Mines—
Apr
Bangs Sines Jsnnary 1
18%
19%
21
20% 7
17
60
80
Jan
"
Shares
14
21c
52'/2
52%
Lake St John jpower &' Papef-i———*
Lowney Co. Ltd—^
•
Jun
25 J/*
fsr Week
17%
-100
Ltd
fsles
:
16%
1.10
j*
American
65
Jun
; 14* July;
-
Nov
lie
Oct
Exchange
104% 104%
III1
—
commo
-
8J% Apr
Jan
•
10
May
Hiiah
*
Jan
Jan
30
^3% Sep
1.00 Aug
Aug
60
14
-•'•y.yy
Bangs
19
21
bdid Mines—
Aigex
*>
28% frdr
3%-
Mar
ibid
—
Aluminium
May
32c
'
Algoma Steel common.
Feb
70
Nov
Fluids
—
Akaitcho
:is y
--v r..'
of Prices
U
S
Preferred
■*''■
-
Week's
17'A
—20
preferred —
—
•
Sugar common—
Agnew Surpass
May
34%
Sep
:'.'yy
Hubbard Felt class "A" pfd—L—.
Hydro-Electric Securities Corp
*
Inter-City Baking Company Ltd
100
Investment Foundation common.
*
>
t:
Acadia-Atlantic
Nov
32%
Jan
80c
150
*.
m
Abitibi Power k Paper new com-
51/4 Jan
May
55c
24
62
Sep
3.50 Feb
42c
8c
■
25,000
15
Friday;
Feb
>5%
Jan
1.49
9%c Oct
500
80C
5c
-j*-j....i'
Oct
66.
11
,112
'//"sit/
14
Jan
1.45
366/Aug
1.52 July
;
1,000
16
m
371/2 May
■
8>Ac
6c
•
Last '
Rats met
: 22% July-
Oct
,
Nov
4,700
Juh
14%
May
20
,21
-
10
..
20
21% Oct
/
.3 y pet,
45 ;' Sep"■.
,
48
4
•
Foreign Power Sec Corp Ltd coin
„* '
6 % preferred ....i....—.......100 Fraser Companies
^
*
Goodyear Tire & Rubber of Can
*
Great Lakes Paper
A preferred
3
.1
...»
Ford Motor Co of Canada class A
8J/2 Nov
25
21%
,
.
a
Fanny Farmer Candy...
Fleet Mfg and Aircraft Ltd
9%
25
21%
'
■
—.20
Lto
9%
:
s
pfd—..-.100
Esmond Mills preferred.
1,07
55c
23c
STOCK8
$1.50
Eastern Steel Products Ltd
2,000
55c
20c
Canadian
19% Juh
24
Jan
2.15
±
•
Feb
r"
23c
1
64% May
38
- Sep
13'A Jan
15
July
14'
14
__
.
Oct
44,000
Toronto Stock
v
Nov
10c
•
2% SOp
3.80 Feb
,Novyy y,1 62 ,
Feb
y 18% Apr
41
Apr
1,000
■
15c
,
Dominion
42c
1
limited
Company
Jun
4 J/4 Oct
6V2 Jan
::15%;.Feb';23 l'.-;.Apr
:
Jan
Nov
33c
Ventures————1
Oil
46
12
17% 718%/
18
:
Cub
46
37c
13c
—1
.
3
12
;
j */
V-// 12
1
Jah
.1,85
.
00 stocks
Gaspe Oil
4% Apr
31. Jun
f 43% Jun
FeSy
12%
3
46
3
,v
*
s—i
Commercial Alcohols Ltd
30
*
2
Co..
—
1.50
30
100
7% preferred ..........
Canadian Western Lumber CO;
Canadian Westinghouse
1.5*0
*
s*
41 J/2 c Nov
1.20 Nov
12 %c July
10,100
17c"
11c
Nov
v
Feb
46c
126
Bbc
Gold Mines Ltd_—
Royalite
Canadian
37c
3,000
3,200
.
High
y
Aug
30c
—-
Homestead Oil & Gas Jbsa—-a
Jan
LOW
80
20,500
11c
Westville Mines
Feb
25
.
1.18 :; 1.20 '
13c
Sullivan Con 8 Mines Ltd
Villbona
1,700
16c 19 J/2 c
Staaacona Mmes 1944 Lta
29% Fbb
113% May
Sep
186
60
,2 %
60
1
Ajir
6% Nov
Jan ti
12%
19
186.
.u—.«.
Canadian Marconi Company
21 !
109
14%
20
20'A
100
.....
22 J/2
111
6% Nov
:
Santiago Mines
——-——
tohernnrGoraoh ,Mihi» Lia
Slscoe Gold Mines ltd
Soma-Duvernay Gold
Apr
40c
Gold
Apr
108
111
•
July
8
106
22 Vx
common.^..
11
'
104,
,
Class A1—;
Industries
Oct
Sep
6%
Canadian Food Products common..—.*
Canadian
28%, Jah
Sep
6%
4V4 Sep
67%
100
pfd
25
.
' IT
Jan
/
ll
.
.
Gold Mines——
Minfes Ltd
Miries
Quebec Yellowkpife Gbld
Red "Crest Gold MiheS Ltd—
Rbchette Gold Mines Ltd
Gold
Perron
Pitt
Abr
Oct*,
Range Since January!
t
11c
38c
Pen-Ray
Sep
16 J/s
,
71%
<
Apr
Shares
High
LOW
10'Ac
Ltd
Pandora Cadalllc Gold Mines
15J/a Feb
Nov
106
.72
*
Sugar
1%
Power
Jun
13
7%
-
100
-
16 J/4
4%
8
176
9J/3 Nov
12
26
.1
r '
,
ef Prices
<
•
12
7%
.4%
—*
High
Mar
170
11
v
11
16 J/4
•
—
.—
5
175
10
5
Company common
8%
17%
12
Lots
Sales
for Week
Range
Sals rnoi
Range 8Inee January 1
High
6%
*
—
Last
for Week
ef PrloM
Bale Pries
Week's
Friday
STOGKS
Sales
Rang*
Bathurst Power & Paper class B*.*—♦
Belding-Corticelli 7% preferredi_r_100
Belgium Glove & Hosiery common
•
.Monday, November 18, 1946
LISTED MARKETS
CANADIAN
ttXOCKB
CHRONICLE
THE COMMERCIAL & FINANCIAL
Jun
V
f..i
77 "7 <
'Vr"7
ft "i
' • ,r'« ' '*> '.V•%* '''V
THE COMMERCIAL ft FINANCIAL CHRONICLE:
Number 4543
Volume* 164i
J/M
LISTED MARKETS
CANADIAN
RANGE FOR WEEK ENDING NOVEMBER
Week's
S77;8i0ftFrtfti
Low
Week's
Friday
Last*
for Week
ef Prices
^ y-;;
;0;\-
15
STOCKS
Salee
Range
'f
2579
Shares
High
Low
High
0;/Loib:/):-;>A
Amies
fmr Week
Bang*,
ef Prices
SalsPrlef
Range Sine* January 1
Shares
Bmnge Sine* Jmnnmry 1
High
Hio»
Low
•
Canadian
Car As
Class A
Fdry common ..13 % v
13%,.
14
■■•••'
•
1
{
19%; . -• 18% 19%
'
„
Canadian Celanese common
*
,
-
12 V2
10,
2d%' Jan-
Sep
181/4
22%
Oct
57.
140
i
Oct
60
435
42%
42%
25
39%
22
60
22,
Sep.-
'
Brass
Jun
Gold
9"'
*
common
1
—
Mines
7%c
1
Swayze
Halliwell
Aug
Sep
22
78
44
58%
—v>
,
Hahn
Halorow
Feb
9
4%0
9
7%c
>
-
7%c
'v:.
10 '
4%c
5c
5.00
5.00
19
19
10%
10%
10% May
5'A Mar
-
1,900
r
18c
Jan
10c
Jan
5c
July
4c
July
4.10
July
6.00
Feb
Sep
21 %
Jun
Sep
16% May
8,705
:
"
Preferred
■
————100
Canadian DredgeCanadian
Class
*
•
•
;
—;j7
-
Food Products common——•
A'
Canadian/Industrial, Alcohol com'A—• "■
Canadian
Malartlo
Canadian
Oils
Canadian
Pacifloi Ry__._.
Tire
Canadian
ClassB
.
Vl'V
'
J
*
"»
20
Oct
26% July
Hinde & Dauche
27
40
24%
Sep
30,
5.025
2.10
800
;
h
1,400
5,500
15c
135
135
8
/' 120
400
8
.
9
~7
.
50c
60c
.4.05"
2,600
35
22/ 22%
12c
16C
2.95
'3.20
/
50c
135;,-,
NOV
Jan
16
7
18% Jan,
10c
25
.
Oct;
Oct
1.05
Nov
1.85 ;
1.85
200
1.38 Apr
2.85 Feb.
Mines—1.30
1.30
1.39
1,300
1,600
12 7/8
■'
,
-—5
13
1.15
1,20
He
lc
,1c
82%
84
170
167
170
1.00
1.05
27%
July
1.06
50
Apr
i
Imperial Mills.
Cournor
—-•
Mining
_
1
—
1
It
'
8
11
Jan
16,700
11%
3.60
Oct
70c
15 %c
Oct
27c
Sep
5V2c
Oct
14 %c
Jan
20
Sep
1.18
10 "*
35c
Oct
1,500,3,575.
uromor
;
Pershing Mines—.
55c
1
„
Crowshore Patricia Gold
55C
/:
1.41
1.45
1
'
88c
Davis
Leather
1.46
3,000
90C
2,300
88C;
*
Deimte Mines
16C 19 %c
12c
18,300"
40c
10,500'
42%
/iv
8%o 12 %c
10
11
:* 36c
1,875
9o
9c
28%
12%
13%
13%
137/a
25C
13
80c
25
37
37
•
29%
30
*
30%
31%
International
Petroleum
•
13%
14%
International
Uranium
preferred
class
Feb
A
Mining
1
30%
:31
120
11%
11%
12
£—*
.
9c t
15% July
1.65
Jan
34
Jan
40
Aug
20%
Oct
35% May; ;"v
29
Feb ;
47
Oct"
27%
Jan
58c
Nov
2.09
Apr
12c-
"
13c
13c
14c
10,700
Oct
71c
jhly
17c
5,000
12c
Jan
43c
45c
1,814
36c
65c
Feb
7c
7c
7c
500
21c
3%c
3%c
600
July
July
6c July
3c July
41c
44c
.1
Jelllcoe Mines
Mar
J
1.67
Jan
Jollet
Mines
Jan
Jan
Consol
1
1
.
Detta Red Lake Mines
1.75
1.85
2,200
58,600
5e:Mar
60c
•
56c
.
\
-
„
*
r
('*'
'
78c
1.22
Discovery Yellowknife
Distillers
Seagrams
19c
219,900
.1
Kirkland Hudson
Mar-
May
1.17
Labrador
73c
Diversified Muung-
11,300
77C
4,000
70e
19
1,150
17:
730-
18Va
•
common
1.32
18%
1.20
1.35
8,900/
18%
19%
1,990
10
27%
27%
750
25
16
16%
5%
5%
29%
30
1.23
■
;
1.90 Jan
1.00-oct
Ltd
Dominion
Bank
Dominion
Coal
—•
—
preferred—-
Dominion Electrohome
187/a
^
Dominion
Foundries <Se Steel com
Dominion
•
Magnesium
29%,
-
-
.-'J* '"''
Dominion
New
Tar
v'"'
East Amphi Mines.—
East
Easy Washing
14%
1,214
...—————r
26
12% Mar
135
20
Mar
25
25
10
23
26
25
24%
Oct
1.40 :
1.27
1.48
081,600
60ft
July.
1.65
22c
1.65
1.75
13,300
85c
July
26C
100,700
19c
Aug
36C
42c
10,100
'
6 Vic
5%C
6%c
20,300
1.59'
1.58
1.69
4,900
21C
42c.
3.55
1
f
.
*
3.40
.
9
9 %;
14%
3.65
14%
14%
1.85
Eddy
-—20
———————1
Paper
Elder
Mines
Gold Mlnes^
Eldona
.1
—1
Ebgllstf, Electric class
-•«•
,
,
Federal
Sep;*
Macassa* ■'
-/•'
MacDonald Mines,
Jan
Macfie Red
MacMillan
15%/Aug^
Madsen
Nov
48
--
■
22% Aug
/
* :
Floury Bissell commoni—..-_l.i--—.* Poro
,
Mfg; & Aircraft
Oo of Canada oiass A——*—*
Francoeur Gold
Frobisher
Gatineau
950-.
W5
120
7VSrc-
Ob;
27,100
50O
6%
6%
12
:
1,360 V
3
21%
3.15
3.25
> 30c
1.80
1.80
1.95
'17%: 17%
8,650
18,200
3,625
355
3.25
3.35
1,950
.1
45V2C
45c
49c
2,500
-1
1.90
1.82
1.95
6,050
Sep
75c
65
14
Jan
20
105
Jan
111
105
Glen or a
60
.
105
6.20
6.40
13 %C
14c
♦5%c
5%c
2,500
3c
Model
Ltd—
9,050
3,100
48,800
57c
17c
58c
58c
108 %
19c
21c
Goldcrest
Gold
..——————I..
—
Eagle Mines.
.1
1
Goidhawk
31c
»
15%c
.-I
90c
Gate
Golden Manitou Mines—
1
Goldora
Feb
Moneta
Feb
Montreal
22c
Feb
-———_J
Goldvue Mines
j,;«
Jan
880
Jan
Oct
39c
Feb
•
:
Goodyear
Tire
Gordon
Class
50
32c
87o
l3c
16C
10,700
8c
July
96c
16,200
70c
July
15,000
16c
28c
32c
21c
3.00
2.65
3.25
167,325
17c
18c
2,500
8c
38o
36c
39c
15,600
33c
July
55
•
11%
B
*
Greening Wire
-
5c
<
::
5,700; ;/•
1,500
16c
2.00
Oct
Jan
79c
.// 4Vic
Jan
—
Gypsum Lime & Alabastlne
275
footnotes
see
page
2581.
39c
4,600
9lc
18c
20
80c
1,000,
July
;
1.70 Mar
Oct
:
75c
i
5%c
2%
3
9.15
9.90
9,330
—1
17c
17c
1,000
*
13
13
30
66,500
8%c
■'
3% Oct
12% Jan
Nov
25 %c Jan
17c
12
.
14%
■.
,
,
Sewer
National
Steel
1.15
Apr
Negus
Aug
New
25% Feb
1,685
15%
22
1,635
65%
67
69
3%
24c
45
4,000
Jun
New
Calumet
Newnorth
Jan
35%
Apr
Nib
Jan
70
Jun
25%
Oct
7
Feb
59c
Apr
Jun
May
May
81
Sep
July
380
16,592
14
14%
560
14
*
18
18
180
28
360
;
Apr
7
•'/'
45c
.
52c
Fee
Nov
9%
26
24%
-
18%
Yellowknife
—
■
-
40;
Norbenite
Malartic
30%
9%
6% July
Oct
225
22%
25%
80
2.00
2.05
4,100
isvic
15 %c
16c
8,600
15c
Oct
60c
Jan
-—
1.35
:
5
Mines--——1
-
A
1.50 Jan
1.30
1.40
27,262
10c
12c
4,000
10%c Nov
5,900
10c
10c
500
9c
2.35
2.35
2.40
52%
200
1.80
51
;
.
vr
18c
50
48C
.
49C
Oct
45%
1.40
44c
Oct
Apr
Nov
33c
30c
Jan
>>-
30c
Apr
May
5.65
Feb
72%
Sep
7,900
3.25 Mar
7<
Oct
2,610
Apr
29% Aug
62c
15 %c July
19C
10c
18C
1
—•
IOC
24% Nov
Mar
3ft%
Sep
24
Apr
Nov
32
23
295
.
24%
*
Noranda Mines
21
-Oct
—————10
-
Mines
14% Oct
May
Nov
16 % Mar
:
29%
9%
25%
Oct
*
-
Mines
Gold
Nipissing Mines
•
23c
35C
1
Nicholson
::
Sep
3% NOV
16c
5
Mines
Jun
225
18% July
19%
22c
class B————*
Bidlamaque
15
Sep
2,310
4,305
3%'
22C
Feb
91c
Sep
66c
20%
is y4
69 i
T
1
,
46 %c
Oct
22% Aug
102
Oct
21%
60 %c
2.05
May
57
15%
4%
*
—
y:
Car
12%
M-10% Sep
30 %c July
13* "Sep
101% 101%
61C
20%
class A
125
42
375
Jan
12 %c May
i
470
10,800
400
95
29%
Hosiery
National
510
40c
Feb
—————1
National
63
5%
Oct
11
100
——
23
5%
19%
.^00
Preferred
25%
;i 35c
125
17%
19%
common
Brass
24
*
20%
17
Oct
2114
Oct
20
—*
Jan
17c
Oct
_♦
—i
Mar
6.65 July
100
———
Feb
22
Sep
2%
850
9.50
5c
Aor
36c
Oct
17
10
Jun
nov /:
76% Jan
July
25c
15c
;
13,550
■
7%6
common
Trfing T.nn
Mylamaque Mines
60%
14%
103 Va
46% Sep
18c
Gas.
new
—
Corp
8 23
14%
&
Mnahftf
75
•
26 Va
102% Nov
34c
——
Jan
35c
Oct
52% July
1
—
20% July.
.Tan
5
.
3.25 Nov
:;i
99% Mar
114 ;
Feb
12% May?
:
Oct/
1,005
87c
National Drug & Chemical preferred
National Grocers common-
Jan
40%c
,
July
265
\
11%
'
35% Jan
16%
245
22
18C;
Locomotive
•
—————
Oil
National Trust new
115
55%
Sep
Oct
52%
87c
Light Heat & Power
•
—
Preferred
For
5C
Apr.
51c.
Jan
;1.30 Feb
July
110-
Jan
21.
51
'
Feb
25c
24 Vic July
89c.
MjKay class A
Great Lakes Paper common
Gunner
1
Rubber common—_•
&
Preferred
45c
Sep,,
102% 102%
51
————
Porcupine
Morrison
.
'
Goodfish
Nov
25
;
July
11c
.10
^40/
——
Montreal
17c
,v
1
21c
25
l
Knitting common
Preferred
8.75
19c
1
28c
Mining—20c
Golden Arrow Mines
Golden
27c
Jan
2.20
13%
100
——•
Class A
25c
.10c* Sep
Oct
Oct
:
17% May
*
Oils—-
Monarch
Jun
5.05 July
19,290
4,000 /
■
61c
—
Mines
65
Jan
18
21%.,'
21%,
•
1;
Gold
Mines
Modern Containers
Moore
Lake"
•
God's
Apr
Nov
18%, 18%
18%'
100
Mines——
Milton Brick
Apr
21% Aug
Nov
^
May
25c
640
20
Gold
Mining Corp
7Vi
8% Sep
10% Mar
50
Jan
3.75 Jan
10c
'
17
Goldale Mine —.1
•
common
Lake
Red
Mid-Continental
>
July
250
S
28%
Jan
95c
July
13
Feb
July
5.45
July
49'A
850
28
19.
1.50 July
3c
Jan
July
3.75
Sep
38c
46,300
4,500
10
Mercury Mills
Jun
124
4%
Oil
Lake
Red
McWatters
Feb
5.55 Feb
2.85 Oct
109% 109%
105
13%c
5%c
McKenzie
NOV.;
Oct
105
" 6.25
Gold
1
Gold —...1,
-.3:
27c
17
13c
7.50
<
2.45 July
10%- 10%
•1
——
4%
McMarmac
v
2,240
17
Gillies Lake-Porcupine
Oct'
2,000
18%
27c
lie
15%
28%
preferred —
Mclntyre Porcupine Mines—
7%'Aug i
31c
4
25C
16
——————
14%
14,200
lie
5.00 Jan.
35c
;
1.50 July
225
>
Apr
Feb
"
/ v 5
27c
8«c
45c
■
2.50 July
15c' Oct
5,000
65
14
25c
25c
Frontenac
v> New
13% Aug v
.5% Nov.
3.00
class A—•
General Steel Wares preferred——100
Uianc Yellowknife Gold Mines.——.1
Products Mg
McColl
Jan.
31c
18
3%C
65-
13"%..
Gold
Preferred
8 V Nov ^
2.95
.
3c
3%c
—
Marlon^ Rouyn Gold
Martln-McNeely Mines
Massay-Harrls common^———
?
32% Jan
4
General
24c
^
•
20
—
3.25
May
4.40 Sep /
2.70 Oct
1,050
3.80
22c
McCabe Grain class A—-•
1,545
13
July
3.60
Aug
34
v
July
230
3.70
McBrine preferred
'
Apr-
30c
4,000
3.20.
11
Sep;.
<'134/; "Aug;;
22%
.i—-..100
preferred
1.50
"
General Bakeries ——•
5%
4-
50t
.
NOV
12,900
III
Fields.
/-'• 36
Jan
29c
Jan
3.45
1.02 July
41c
Jan
/1.46 Feb
:•
.
Jan
26%
40c
-Ii
Mines
27%
210
39,950
Jan
1.55
37c
-
Oct
3.25
-l
Gold
Lake
July
2.75
26 %C
//'.65:r.v:May.
,
Jan°,
6% Sep/;
11%" Oct:
100.
-
4%
3
7c*.
10-
12
4-
Jan
-7%Nov
v
Jan
40C f
68c
219"
31
v
8%c May
:
;
July?
22% Julyr
;
Sep
5%
90'
Oct-,
6.35 Feb.
4.00 Sep
Mar
43%
945-
8
71c
2.83 V:
30%
Sep
18c
6,850
/
33: 33%
•
Maple Leaf Gardens com
Marcus
2.05
1.90
31
Maple Leaf Milling common—
'
36
Oct
12'
:
-115»
9c
-■
7%
-w,,
common...,——♦
Power
870
8%
3.00
Jan
51
117 '
Exploration ———.p—*
Sep ;>
18
7% *
4
J ;.-£.v ■
2114
31c
i.
1.38
1.45
2.03
33%
Jan
710; Sep
23% Apr
J.
July
1.50
May
20c
1.20 July,.
:
;
114,500-
-1
—
Manitoba & Eastern
Nov
Sep,
1.34
25
3%c Nov
8,200
5,500
8.75 Mar '
Ocb-
19
5,150
34c
1.21
(H R)—
Gold
4c
1.32
33C
8.00 Feb
Oct
25c
•
Jatt
26 y2 Mar
7%c July
420
1.27
Lake
Red
Malartlo
Apr
37c. July:
4.50
20
1.30
•
'
,
MacLcod-Cocksnutt Gold Mines
Jan.
14% Jun
20»/4
48
40c
Jan
19o
4.25 Nov
20
Jan /
May
1.46
Oct
4.65
6,100
22,700
24o
Jan;
83c
4.25
>
'•
12c
.
3%C
40
1
"■----
Febb
37c-
f
90" Sep-;1"
11
*50
33c
•
Mines
Gold
3.35
^S^Oc^
11
A '' 62c
July
45c
100
19%
1
•
—
Lynx. Yellowknife Gold..,.
13o
I
38,700
120.
620
37c
1
Gofdfields
Lundward
.
17%
Fittings Ltd :eomm6n<.&m*i«,» ,«**>«'
•
«%
'Class "A"
.i.——12
Fleet
26
8% *
Federal' Kirkland. Milling.;.
v.
56c
118'
Grain
'Preferred
"Fibre".: Products-.'.—' J.,
J
43c
-
•
1,570
4.50
6.00
10c
♦
13% Oct-
335
30,800
;
Jan
29% Jan
: /
23c July
1,000
22%. •22%
1
—
62o»
4.60
55c
•
-1
38 y4
146,700
25%
—
4.25
commons.„■.....^'
21
1.14
;
9c
4.30
Ltd———1
Gold
Oct
8% Nov
20
5,000
27,800
6.00
4.50
Oro,
July-
2.30 July/
",200 '
40
56c 64%c
I 18/
Candy-/Simps.******—; * 48'
Fanny Farmer
■
1.06
;
'45c,
.
%>.
20%
21
58c
Palconbrldge Nickel
•
Famous Players new coihmoni»—~
v
38
40;
1.07
■.
-
El Sol Gold Mines—...
:
;
v.
80c
15%;
15%
•
Magnet, Consolidated Gold—
Investment Triist-..——25
E6onbrilic
- •
Feb
2.90
:<
OCb
4.55 July
1,800*""
v;
•
16
—
5c
:
,38c
:
Lang & Sons
.J—.—
Lapa. Caddilac
————1
Lapaska Mines
——
1
Laura Secord Candy—.———3
Louvicourt
680'May
,
Jan
:
24%.Mar
6.15
37c
38C
*
Mines
Class B
Jan
2.40
/
..
1.15 July-,
660
25%
3,000
5.90 *
6.00
Ltd——1
Shore Mines,
Luz
20 c;
42,550
9%
v
18c
9c
Mines
Llngman Lake Gold Mines
—
Little Long Lac Gold Mines Ltd
Loblaw Groceterias class A_
80%' Febfv
$
180
69c"
Gold
Fortune
Lexindln
26% July :
,-f.
& Exploration
Mines-—
Feb
1.16 -Sep./:-:':
—
1
1
Mining
Leltch Gold Mines;
28% Jun
Jan
26
1.00 Oct
25%
.1
Apr
2.30
1,300
"
Lebel
■
,
—
25%
,
Feb
50% Jun ;
23 * May
'•
*
——.—i
;
14
"
1.76
17%
6,900
14C
Jan
30
Nov
1.05
Feb
7
Nov
'
,
Mines
Steel
40
—1
'
;
...
Sullivan
Eastern
70
;
■
Mining Co
Duvay Gold Mines
Crest
50
»
7% Jan
-
Jan
15
Nov
40
25
—1
—-—1
Duquesne
East
3
25 %
; -
Donalda Mines
Bast Malartlo Mines
140
/II,<
%•, ■
39
'S
11% July *
1.49
-
8% Jun
Sep
50
3
40
'
-
27
9-%
3
;
•
—.—100
common
preferred
145
44c
1,400
1.05
Lamaque Gold Mines-/
Jun:
23
NOV
:
"3
,
Dominion Steei cmssy., ,j.w<w■
Dominion Stores
———"
.
-
5
6,000
-23% May
1.40
1.42
.1
1
Lake
-Jun
30
13% May
25
2.25 Feb '
'
32% Feb
Jan
9'/a
*
1
—50
Dominion Scottish Znv common^—^
Preferred
:
35
'"•"•'5:
21o
July
55
45c 7/:
Lake
1.75 Aug '
JUn<
17% Sep.
24%
99,200
14'/8
Lake Dufault Mines Ltd.
30% July
Oct
70ft.
■
La
Mines
Dome
450
26 7V;
44c
—.
J——
Laguerre Gold
1.48 Apr"
Octn
•
89c
13%
13%
(John)
Labatt
89c. Nov vr
Oct
Mines
Kirkland Townsite
Feb
3.05
30o
Gold
Kirkland' Lake
'
/
Dickenson Red Lake-—.
25%
44c
.1
Kerr-Addison
Jun
16,
1.80 Oct
lie 15 %C
*
r
'»•% -i
34
Kenville Gold Mines.
Jan
20%c
Sep-:"
12c
1
Mines
75c
73c
25%
«
Co.
Sep;:
29C
Nov;
11
'•
.
1.15 Feb*
May
29%' Jan-/:
540
/
.1
Quebec
",;
Feb
Oct
13%
3,237
3,770:
12,900
14c
86c
9c
Jan
80c
.1
.
70c
M
/
Jan
Oct
•
Jacknife
Waite
,
Jan
15% Feb
9%
10
V
17%
62c;
•320'
680
58c.
i 30% Aug
'
Oct
23 c
Jun'
Aug
110
Jan./' ;
'
Jun
10
:
Sep
Jan
15
Oct :: :
12%' Oct '
13% Oct
Feb
May
30c
Jan
26
'
2,721 •
955-v
12,300
2,620
.1,300
/
12
Metals
95
;
500
.
29c
:>
132
Jan*
73c
50
Sep
9%
,25
'
80c
Jason
11 %c Oct
4,000
30%
74c
/
July '-
9%
667
11
107
1
Oct
80c
Jun
■
Aug :
7c
:
Jan
Jan
lie
July
30c
34%
:;f 119,000/
11
11
106
1v
Apr
1.00 July
7,500
*
-
Nickel
3 7c
—*
^
class A.
Class B
Denison
—1
-
Davies Petroleum
Feb
4.40
35c
"
May /
5c
54c
37C 'i.
40%
6
Kelvinator
D'Aragon Mines
19%
Oct
'
Crestauraum
Apr
Nov
32,000
International Nickel Co common.
Jun
1.95
6%c
Sep
27
Sep
2.35
10 %c
17,500"
27%
■
32
40c.
48%C
11
Lake
July
25C
55c
50c
380
40%
Bank.
188 Mr Apr
Oct
36c
60
l
—*
9,500
,
12c
Jan
Sep
51c
250
2.80
'
6%c
:
International Bronze
1%0 Nov
103
July:
25
/
1
International
Feb
Oct
90o
10 %C
—
i—;
Inglis ■ (John)
1.27 Nov
Oct
164
2.35
10 %c
1
Gas
&
2.70
1
—
InsDtratlon Mln & Devel
Jack
Cosmos
30c
210
Bay Mining &' Smelting
Indian
Jan
2.75
:%C Oct.
76%
4,600
27%
19
1.25 Oct
1,368
161
1.02
Exploration
1.80
200
83c
—
Consumers Gas (Toronto).
20%
20%
Imperial
11%
6
100
Oct
1,000
Imperial Oil
Imperial Tobacco of Canada ordinary-S
36c
i.
8c
85C/Jan-
39c
Smelting
8o
5.0Q >Feb
July
^
HAnSulp
6,325
Aug /
.
Oil
Class B
500
&
8c
Huron & Erie common-——————,.100
155
Mining
236,200'
(
Jan
17,900
12%
—
Jan
-
Jan
.
1.90
4;70 Aug
7
39c
Consolidated Beattie
23c
Hugh Malartic
1
Hunt's Ltd :class:/A,.—»——*
,46c
Consolidated
19C
•
46c
V;7 Warrants
21c
.
•
*
Gold Mines
Hudson
36c
-
2.70
202,225
v
Yellowknife
Howey
Jan
46c
—
Oct
5,300
74c
Gold Mines
Hosco
44%c Jan
Sep )"
.
1.41 Mar
89,300
'
.
43o
6,900
3.90 /
*
July 7/
Jan..
38c
—
Coniaurum
14c
1.50
•
Homestead
3.00: Jan
.
15o., July
/
7:
8
2.10 Feb
1.85 July
19C
25C
Apr
45c
,
8c
lie
59c
Oil-
Homer
'
i8c
*
'■■■
Apr
I
Mines
July
99c
30,950"
1.40
Hollinger Consolidated Gold Mines
1.30 Sep,.
900:
1.42
Jan
31c
July
16c
12c
May
4.40
2.50 July
23C
'2.95 *
•
.
Yellowknife
13c
19,756
1.24 Jan
Oct
51c
.
70C
*
75
.22
5,100*
6,600
■
1.40
Highwood-Sarcee Oil
•
•
60c
—1
1
Mining
26% July
1
Co
Lake
Conwest
Highridge
Oct
Nov
2.09
12 %C
—
Coniagas
104
July
'•'7
———————1
.nS.j-V.J~^T~•
1.20
new
18
60c-
Cochenour'Willafts Gold Mines-J——1
1.00
Mascot
Gold
Heva
102
:
3.95/
—•
Plow
Jun
10/
1.40
-
7*7
*
1.05:
9%
■
18C
i—1
23c
56c
120
1
Hedley
39%
10":
24C
'•
18c
25c
Headway Red Lake Gold
Feb
Home
''m
1
17c
23c
18
Feb
181/4 NOV;
2.99:'' 3.00
2.10
I——'
17c
1
18
27
1
1
24%
,
vf'V
——1
Hasaga Mines
102
■
22
.7 V,'"V
1
1
-
Research
1.35
Juiy
25'
10%
Mines
Mines
400
'
:
•
—1
Mines—
Gold
Harrlcana
May
May
46
Oct
Gold
Harker
'
'
'
Gai Wines
Colomac
Jan.
18
Circle- Bar'
Coin
26
102
Chesterville Larder Lake Gold Mines—1
Cocksnutt
55
18
Chartered Trust .^_^L.w^wi».---Li,--.i00:
;VV?
28
:
28
—•—*
'h
Central Porcupine
Citralam
Jan
Oct
102
Cnntremaque
•
13i/2
12%
*
Quarts
Castle Trethewey
Centra! Patricia Gold Mines—
Cnemlcal
50c
225
1,105
-100
Gold
Chateau
1,160
13 i/b
>
5"
,
75c
18%
13%
—_
Canadian Wirebound Box.
Cariboo
75c
'>28 "7
Utilities
preferred
Wallpaper class A
Canadian
1,320
23%
>Sep.
,
Harding Carpet
Hard Rock Gold
Jun
27
281/4
24%
13%
24
\
-1'
Hallner
Hamilton Cotton
20% Jun
Oct
14
151/a
'
29
30% May-
Jan/
-
18
1,575
15
—77
•
i 13^
360'
295
,
.
27%-
•
t
com
1514
191/4
18
15
Canadian Locomotive*
Canadian
15
18%
'. 15.
—Mi—.*'.7' 18%
-
-
v
Jan
'
1.05 Mar
<
THE COMMERCIAL & FINANCIAL
CHRONICLE
CANADIAN
RANGE FOR
S T OCK8"
'
'
V;
•
'
'•
■
•(.-
;
•:
'
;
^
STOCKS
Friday
Shares
...
Norseman
c'o
oi
Canada
common
_L
1
steep
'■
■
Canada
Rock
JMinesII
iron
Sturgeon River
~
_
North
Star
Norzone
Oil
common
Sudbury Contact
Mines
Sullivan
Rouyn
Surf
O'Brien
Gold
Mines
20c
20c
20C
16 %c
16c
17c
4,700
14 %c
16c
17%
18
Omnitrans Exploration
Orenada
Orlac
.
Gold
—
;
17%
common
Mines
19c
18 %c
Lake
63c
Sep
14%c Nov
30c
Jan
13% Mar
26%
Jun
Taylor Pearson & Carson
common
Teck-Hughes Gold Mines..
8,40
16c
Oct
57c
Jan
18,900
40c
July
86c
May
Oils
1.75
60,150
95c
July
56c
65c
14,500
53c
Oct
2.59
Page
Petroleum
7
...
—L-l
Tip Top Tailors
_
Partanen Malartic
__
_
Toronto
9,400
Toronto
General
32
705
1.30
10 %c
10 He
12c
21c
11,900
12c
Toronto Iron
8,259
18c
Class A
14,900
4%c
5c
Pen-Rey Gold Mines
Peoples Credit secur
55c
1
'".rt-'r-y-
Union
Mines
of B
C
Powell
1
,
'■
-3.70
v
29c
"33%
»
M
'__1
Metals
Preston
Purdy
I
United
3.00
3.25
■X 3.65
3.75
;
29c
East Dome
34
:
I
"A"
,
"
\
60 /
Wasa
Ltd_.Z~" _Z~
3.45
Western
Jan
22Ho Feb
55
—
New
Jun
new
New
1
Grocers
new
com_^
class Al-i.,;;,
preferred
^ueenston Gold
Mines
...
Mining
Westons
i7 90c
V 18%
*
Kegcourt Gold
...——I "
-
'
»
—
Reno Gold
Richmac
Mines
_._1
Cotton
Long
Lac
"
24%c
Oils
4;
Mine
Jan
York
15c
Knitting
lie
38c
16
-
25
80c
Antonio
Sand
River
Sannorm
Gold Mines
Jan
29%
3,438
70c
30C
4,600
22
23
100
33%
34%
34%- 34%
2?
27
34% Oct
22
10
15 H
1,692
10
-
-45'
17c
128
128
40
3.40
3.50
1,815
,
3,200
.
■
-
94H
-13c
117
-
35
Oct
Jan
36% May
108%
Feb
30c
Jan
>
21% May
Sep
-
Nov
34% Nov
Nov
11 He July
v
Jan
Mar
30
-
Mar
•
104
55
16c
23
Oct
25
190
■V;
45,000
99% 100%
™_
common
31c
♦
31C
31c
12 Vic
t
.*
.
12 He
15c
15
20
-
1,200
2,000
15
>
....
Friday
Week'a
Jan
105
43c
'
Oct
Jan
Apr
Feb
135
Aug
6.55 Feb
2.95 Oct
25c
Oct
67c
lOo
Oct.'
39c
14
-'
Sep
18
Feb
Jan
July
Sale*
8»lo Price ;; ef Prices
C.:
Par
s
:
S;"S'
7C'
12
low
National
inal
Asbestos
'
*
55c
52 %c
57c
21%
21%
X*^10,550'
406
July
,•^'190'.' -207
428c
2,400
Sep
1.63
-
Co
<
■■
Eange Since lanaary I § :X
Blah
low
15
15%
120
15
27
27
295
24
50
52
135
46
Oct
\'4%
4%
1,325
26
21
30
22 H
22%
-"
"
Sep
Pulp commoiUr^^.*
common—. 52
common
tmmoiL.—„
t...
,
Bruck Silk
Jan
Share*
.
27
27
•
*
-—~—
.
21%
2A-
-
,
!
Corp
P
British Columbia
tibia
X 26%;
25
..
T.td
f:*y -
105
14%
•
245 %
Nov
1.69
55c
33% Oct
300
,
jJ
31
Oct i
18
Mar
5.10 Feb
Canadian Fonca
Brown
Rouyn
;
24
24
16,950
«
Feb
40o
Oct
8c
Feb
3.10 Feb
16%
27% Oct
59c July
280 July
66C
STOCKS
Andian
Shawinigan
8.65 Nov
15c 17 He
4.00
-1
"
Senstror
1.93 July
1,058
13 Va
Toronto Stock Exchange-Curb Section
105%
1 '
...
5,999
14%c Jan
_
Ltd
Gold
preferred
2.46
9.25
30c
Jan
Mineg
Ltd
Jan
•: C
Bridge
Scythes
Oct
8%
28%
..,
Sarnia
Oct
6c
1,220
1
.1
Jun
25c
..100
5Va
5,650
3.80 July
Wright Hargreaves Mines.
1.13 Nov
16
-_.-_l
Power preferred
St Lawrence Corp common
May
40
7c
Feb
common.
Saginaw
11
5%
:
5,245
m
Feb
64c
May
34,600
»
Yankee
22c
May
58
9%
■
Jan
31
Jan
1.57 Mar
1
new
Ymir
10c
45c
Nov
40%
145
Oct
20
23c
„W„_Z1.I„20
Yellofex
16% May
10c
12% May
14c
25% July
__
_
Gold
Industries
93c
Apr
39% May
23%
X
*
Oil
Lake
35
12%
50c
io
..
...
34
12%
30c
39c
-
.
28c
.—
m
Co
Ryanor
San
Apr
1.80 Jan
8% Oct
448
1,000
; 3o;;
'
4.50
Wlnora Gold Mines
Wood Alex preferred
Jan
12c 13 Vic
X12c
l
;
Royalite
Rush
^.1 '
:
Bank
Russell
1.99 May
40c
-4^
'
Merger Gnld
Roxana
Roval
'
...l.—*....*
Kochette
Rnuvn
38c
45
104
29c
f34
--
Riverside Silk class
Roche
1.40
22
4.35
♦
common
12c
Gold
Robinson
1.40
31c
7'
' '•
•
Jan
July;
9,700 "
2.40
Preferred
Reeves Macdonald
Apr
39c
85o
•
8.90
1
Wiltsey-Coghlan Mines
Winnipeg Electric common
■..
14
Oct
6c
Preferred
*
*
Ltd
Sep
14c
16c
5%
1.19
' 95C
11
,
;
Westeel Products
Quebec Manitou
25
•
.
Feb
f:-8ep
13% May
500
9%
190
Consolidated
170
r:
17c
»
Ltd
46%
-
Jan
Jan
9%
#
Lake Gold Mines
Wekusko
,.Jan
11%
44
•
(Hiram)
May
22% Jan
142
65o; .Apr,
11%
16C
0
■
Mines,
2.40 Feb
Oct.-..
36
30
July
25
•
1.20 July
22c
10
21%
j
oc
Steel
Feb
May
1.25 May
Oct
17
■
85
1.10
5.35
80c
•
41
11%
;
;
25"
170
Jan
27% May
7% Aug
Oct
July.
'
"an
■.
,
y;.-
Feb
1.95
29c
45o
1.09 Mar
4.10
-
3.05 July
Oct
■;
9,500
3,700
12%
9
Waite-Amulet
20c
Purity Flour preferred._.L_-.w-^-._l._40
Ouemont
41
170
12%
38c
32 Va-
1.70
1 *
Quinte Milk
2,000
-Z Z
Ventures, Ltd.
■"Villbona ■
lOVi
1
Quebec Gold
100
30c
>
Sep
5%t
Jun
24c
rift 3.25 Feb
Nov
22
1,330
'
45c : Jan
■«
.
Upper Canada Mines
33c
1.55
-
■'
1
Mica
1.27
1.01
_
Fuel class
Walkers
Premier Gold Mining Co
Pressed
17%
*
United'Oils
14c
12c
1
38c
.,.A
River
17%
17c
•
Class B———
"
Gold
52c
*
Mining
United
1.20
1.20
12 He
3.00
40c
7%
7
'
1.20
rnXmim"
_
Mines
Porcupine Peninsula
Porcupine Reef Gold Mines
45c
*
_
Union Oas
6,550
32c
35c
1
t
Mines
3.60
40c
52c
TrustlZZIIIZHoo
Works common
United Corp class B
Gold
3.40
Towagamac Expior
Tranacontmental Resourrea
7,500
52c
53c
1-
30
Feb
4.45 Jan
2.15 juiy
X 95c
Apr
,
40c
25c
150
50c
2,000
1.49
25
6%
43 Vic
•
»
Elevators
80c
19 %c
.
Piccadilly
25
6%
Tombill
5,500
1.45
..
25
j
:
2,800.
.1
Ltd
_
Paymaster Cons Mines—^lT.—
Ptnnnor
2,100;"
■■
32
Zv'
_
uold
1,780-
1.05
28c
Feb
Aug
Sc
-i
Mines
Cadillac
PicKle-Orow
2.60
July
92 Va
95
1.50 July
Oct
,
8,900
*
95c
X 62c
11c
porcupine
Periuu
2.55
1.00
~~l
Muu
;
62c
76C
*
_
Paramaque Minna
Parbec
2.55
6,687
1.27
Thompson-Lund Mark Gom
51c
Hersey
Pandora
38C
•
20% July
0
Oct
8c
4,000
•'
2.48 :
35c
,
*
Thurbols Mines
7%c
8c
10c
2.25
■
419
1.64
8%c;
•
''1.00 F
Tamblyn
60c
W
Pacific Eastern
Pacuic
10c
35c
Feb
<
•
2.25
43c
Toburn
raii.ou,
23c
1
V 15,000
68C
Mines
Pacalt.a
23c
""""
15c
1.68
Osulake
2.40
Gold
Taku River Gold
Mines
(G) common
o.UUU
-
20c
63c
.
Red Lake Mines
Osisko
2.20
62c
O Leary
Omega Gold Mines
Crush
86
19c
■,
___
Mine*
Consol
83
High
Low
200
80
17c
-2.25
Sylvanite Gold Mines
Ogama-Rockland
Orange
Con8
Inlet
78
85
I
Range Sines January 1
16% Oct m
175
::.73\r Sep"
155
77
Sep
13o July
29,000""
2.13 Oct
30,525
500;
20c July
17
17 %c
.
_
Shares
»
80
03
J"**
Sales
for Week
High
16%;
Steeloy Mining Corp—
1
Northland
Northern
LOW-
•
Preferred
North Inca
Range
•t Prices
x-xx ■■■; x.x,xx: ;xxxx;;;xxx;x22$-&22-Por:,
f. Stedman
;>' ■
titeei
/'•
Week's
Last
Bale Prion
13 %c
__i
15
for Week
par
v;
MARKETS
ENDING NOVEMBER
8ale»
Range
of Prices
V. '■••'■Sale Prioe
•
Norgold
Normetal
Week's
Friday
Last ;.'"
,
:
LISTED
WEEK
Monday,' November 18, 19461
■
_i
u.,^1
■>
4%
4%
'
''
♦
„
■'
26% Mar
Oct
4
Bigh
23
.Sep:
Jan
35
Mar
78
.
Apr
8% Apr
29% July
19% May
H
HhsB'tey
Shea's
32c
...l
Winnipeg Brewery
class A_.
•
32c,
11%
35c
12
225
m n
Oct
•
82c
Apr
Canada A Dominion Sugar
►omlnion 8ugag
12%
-
Sep
Oct
Canada-
«b»*rrU:t-Gordon
Sick's Brew
New
Gold
new
2.01
Mines
»
common
vtc
Miller—
Preferred
60c
795
16%
16%
30
30
'X
30
42
Jun
Oct
62c
11
Sep
Mar
27%
18%
Jan
,40
27
26%
27
:56c*
59c
42C
40c
24
1,044 ■
60~};
104:L05V2
56c
I
42c
Jan
56c
9,866
36%
Jan
101%
Oct
108
•
,
Mines
Paving
17%.
•
_.
Standard Chemical
•-
-J
• ?■;.
common
Preferred
(.
.
4<•?.' i
see
page
i
2581.
3
i
•
;—■
—^.
,
„
■
2
9;
'
*
18
99c
T
1.00
Dalhousie Oil
1
Jun
deHavilland
May
71c
225,
6
75c
15
90o
1,200
9%
17
-
6%
.
65c
'
9
,
5%
195
Oct
July
Jun
2.20,
2.20.
July
:
.
Oct
XX.
1.55
Jan
Feb
:
ZZ
•
17%
18
285
17%
Nov
10%
10%
140
10%
Sep
12%
90c
1.01
32,150
Oct
1.50
93c
68c
;:,v.
'•i' i-
Feb
10% May
;
••,•').; i
18
Jan
Sep
25
July
29
2% Sep
' Sep
Sep
24
May
Jun
Apr
XX
'
5
25
V
135
2V4. Oct
3.80 Feb
500
1.35 Oct
4.00 Jan
3,545
lbHMar
23% Apr
27c
27c
29c
250
18
32
94
1.83
1.89
85c
Jan
Jan
24
Aug
31
Nov
45%
70
94
Nov
2,210
19
Nov
7
50
94%
18
25c
100
15
Mar
32%
94%
__
16,.
—
-
-1
.1
21%
46
/
•
;
27c
21%
,
;
18;
27c :
1.75.
48%
2^010 'i
118
50
20% Oct
39
Sep •
10
Sep
2.15 Sep
,17
July.
5,263.
1,135X
4,669
27c
.
..5„
199
300
4,500
276
Jun
1.75 Nov
46
Be
May
Oct
Apr
May-'
24
1.50 Jun
-18 X
1.75
48%
10%cll%c
48
—
,
17% ,17%
3.00, 3.40
..•
Southmount Invest
*:
Stop & Shop
...—troleum Ordinary.
3upertest Petroleum Ordinary_-.«.«».*
*
:
Temlskaming^;
Jun
2.25
•
*
♦
*
..—.
Feb
43% Jun
173
18%
-
Reliance Grain
Jn
Feb
18
Hayes Steel
*
.—....
Internationali Paper common. ...........IS
common
19
48%
48 Vz
Minnesota & Ontario Paper •
• ;
* 4
17%
Pend Oreille
3.20
i,
,.j .',--3.5n
Apr
16%
-i-t
Sep
700
Nov
19H
Jan
1.50
>
3%
Sep
13
2.00
1_«
_
S—■
Dominion Textile common.—*
ixtile common—
*
Donnaconna Paper
•
Jan
23
'
455
115
21
18
.
...»
—
common
common
Dominion'Bridgeidge.'Mm
July
1.40
3lHc Sep
7,300
; 1,900
33
160
'3
5
—
130
3
30
155
33
158
158
Oct
1.12
X-Ji ""■JldiCt- loi;
Hi
17%
9
6%
*
•
riLafratt Olsnu Co-™„„»w
JJlX
'75c
•
Stanley Brock class "A"_.
footnotes
A'1
.
common.
10
.
Paper
Paper;^
V
--
•
X—
55
135
19%
Foothills Oil & Gas1.89
Gas
i—rriT1»
1,89
_
T-^rr„„
13
19%
,
100
T
13 y8 July
10
25
Coast Copper
Consolidated
X Aug
-
Mines
Sturgeon
Stadacona
Preferred
CanadianV Western- Lumber
estern -
25%
13
19%
Canadian Vickers commonL.«-i_..i..c
ckers commoa_„-.I.
•
.
♦
; —.
15% May
15 % May -
Nov
'
13
July
44c
145
22%
22 H
,
.
Canadian Marconi
irconi^,—
July
35
40,500
11%
104
Malartlc
-
15
52c
..
Southam Co
'
11%
*
.
-
Jan
12
,X 13% Feb
100
-■
3.65
.
»
commoni-...;^*';
common!——*
12.
<
570
58c
♦
_
_
Preferred
For
19
35
225
-
ll'A
.
_
Siscoe Gold Mines
'
14%
35
1.6Gi Jan
26,433
14%
14
18
...
_
Class B
Standard
14%
1
.....
Simpsons Ltd class A
Snrinver
fl'
*'35'-
*
Silverwood's Dairies class A
Bladen
i ■
2.28
14%
v/X;'
Preferred
Silver
t
,
Silknit Ltd
•
y- \
—-
2.01
,
Vinegars
Canadian>. Industries
dostries
Oct
2.15 Feb
39
-
■
59
Jan
■
Apr
-
.27% May
'
5.00 Feb
,
i
29.
Mar '
31c
Jun
5
Jun
'
V 53% Oct'
33c
Feb
XZsX;Xxx!:' x; h ;yxxPXX'x'ZX-xxxx^xxxxx*xx^xxx $$xx-yix^^'ZX;xxxx7xxX/X;
■
THE COMMERCIAL & FINANCIAL CHRONICLE
[Volume-164Number 4543
^ :
>
;
>
OVER-THE-COUNTER MARKETS
Quotations for Friday, November 15
Investing Companies
For
Quotations on Real Estate Bonds
Ask
Mutual Funds—
Keystone Custodian Funds
\
Aeronautloal Beonrltles—
33%
3.89
Bond
of
Tr
Inv
4.26
Q-2
•
Shaskan
15.38
11.46
Series
Series
11.13
S-3.
8%
S-4
Members New York Stock Exchange
Members New York Curb Exchange
? 4.61
Mutual Fund—•
109.17
Sayies Second Fund—10
Manhattan Bond Fund Inc—
Common
10c
49.39
50.40
8.01
8.81
8.31
7.69
Knickerbocker
17.17
Loomis Sayies
-
15.80
-
Fund
6 Va
101.09
105.30
21.60
23.23
Mass
Investors Trust
Investors
—B
■
5.11
,
5.18
Loomis
6%
5%
12.25
—
——
1
1
2d Fund
18.45
19.95
Mass
1
16.96
18.58
Mutual
Fund Ltd.—-—1
Century Shares Trust
•
4.30
5.00
30.42
32.71
National Investors Corp
Chemical Fund.
13.97
15.11
v
5,75 y
Exchange Place, New York 5, N. Y.
Tel:
,
25.01
DIgby 4-4950
Bell Teletype NY 1-953
,
26.89 r
13.57
•
14.59
National Security Series—
Co Inc
Broad Street Invest
Bullock
—
Fund Ltd—
Securities com.—100 2,680
2,780
100
150
155
Commonwealth Invest
1 ,(;• 5.82
6.33
Christiana
Preferred
,
——1
18.86
15.06
10.30
11.14
7.08
7.78
4.97
5.50
series-
series.—
Income
1,42
1.56
3.92
Fidelity Fund Inc
Financial Industrial
8.04
4.09
3.78
17.26
26.41
Speculative series
16.34
Stock
24.54
26.42
Fund, Inc.
1.95
.—10
First Boston Corp
36%
Mutual TruBt Fund
b
Fundamental Investors Inc
2
Fundamental Trust share* A—3
General Capital Corp——*
General Investors Trust..
-1
5.61
14.21
5.60
42.18
First
^
.
,
5.94
^
England Fund
New
1
6.29
9.05
10.43
Chemical
8.74
Diversified
6.77
7.17
Insurance
11.45
Food shares.
5.33
5.87
11.93
8.78
Oils
7.51
8.26
Public
8.09
—
10.79
Investing
7.84
5.50
5.00
5.79
18%
12.24
American
15%
20
30
15.34
16.49
80c
TradingFund-———1
&
(Geo)
«
■
Keystone Ottstr'tan Funds—
88c
97c
73c
28.98
<
17.26
.
B-4,
18.91
10
39
Baltimore American-
.2%/'.
Bankers & Shippers
Boston
.—28
10
Chase
Trust Co
Corn Exchange
Empire Trust
-2.50
21%
20%
Northeastern
Fire
28
Pacific
Indemnity Co
10.
Phoenix
70%
Preferred Accident
Providence-Washington
2P/4
18.32
19.99
'64
Employees Groutf—
Employers Reinsurance
28
10
66%
10
48
52
20
162
River
8
New York Trust
56
10
56
91%
95%
Republic
B
12%
13 Ve
Revere
Franklin
of
Fire
.0
-
21%
.10
23
32
10
91
Sterling National
23
Title Guarantee &" Trust
-y
>
American
:
a ;
_fl
—
.:
\Q
a
>v
24
65
12%
29%
68
-
10
,:47;V-'
50
:'v30
32
28
111
•
Standard Accident
26%
U 8
28%
10
Travelers
92
■;
U S Fire
>'
115%
28%
—100
■;
605
26%
;
95%
fidelity & Guaranty Co..2
31'
•>;
620
43%.
46 it
4
U S Guarantee
78
Westchester Fire...
26%
100%
a
45%
49
31
BoHd*—
84
~
.
33%
American
100
12%
Airlines 3s.
1966
85
103%
Gatineau Power
2%S
—1961
Illinois Power Co 2%8
12
Iowa Pub Serv 23/4s
1976
-100
Trust
States
101 Va
100%
100%
103 Vs
Preferred Stock*—
1035/a
1013/4
American Aiiline*
100%
Central
103
Heinz
1975
104
1043/4
1975
2%s_—1976
Power
2%s-
100%
98%
Maine
.
3%^
Power
93
107
Monongahela Power 4.40%—100
Ohio Public Service 3.90%
109%
111
103 Va
104%
102%
98
103 %■
99y2
107
101
100 3%
101V*
101%
Pennsylvania
100% /
100%
Public
1976
101
1975
3%s_1976
101
Coke
/
1013/4 '
Electric 3.70%
•
(Ind) 3.50%
Ruppert (Jacob) 4%%
100
Serv
3cranton
101 aA
98%
Electric
Ask
Banks—
105
3.35%
1975
1003/4
101%t
100%
101V*
Union
100
101
Willys
99 %
(Cal)
Oil
Overland
;
98
Scranton Spring Brook 4.10%
Sioux City G & E 3.90%
100
Public Serv (Okla) 2%s
94
'106%
100%
&
.
67
65
3.50%
3.65%
(H J)
1981
Gas
99%
Par
Scranton-Spg Brook 2%s__1976
Sioux City Gas & El 2%s
1975
Obligations Of Governmental Agencies
Federal Home Loan
99
993/4
102
3%s_1980
Ask
101%
100%
1965
^1976
Kans Okla & Gulf Ry
Gas Lt 3%Si
Bid
101%
Yonkers El Lt & Pow 2%S—1976
103%
99
Par
Texas Power & Light 2%s_1975
Utah Pow & Lt 2%s
1976
104
-
'
Tenn Gas & Transm 23/4S—1966
88
102%
.1970
25
—
Ask
y. .y;^^
Calif Elec Power 3s......^.1976
25
Security Issues
Bid
^
Pennsylvania Electric 23/4$
Philadelphia El Pow 2%s
$3.75
104 %
105
103
103
104%
*
4%%
105
54%
56
'
.
1 Vis
100.5
99.4
99.26
103.2
1, .1950-1948
1, 1962-1950
22
•
88
Par
'
Portland
May
,
10
9%
22%
Recent
Ohio Public Service
1%8 Oct
6%
26%
10
Security New Haven
Bprlngfleld Fire & Marine
Montana
1%S Jan. 1, 1953-1951
2%S Feb. 1, 1955-1953
36%
Seaboard Surety
Pacific Gas & Elec 2%s
1%8
12%
34/;-/. /,
.10
Fire
Monongahela Power 3s
Bid
88
,
(NY)^.2
(Texas)
(Paul)
St Paul Fire & Marine
'
51%
10 r, 24%
—.
Fire
Reinsurance Corp
Laclede
United
37
Trust :
10
First National Bank,1001,605
Par /
Vll%
35
73/4
.8
15
* 19
•
-
97
56%
,
20
:
18
-
_fl Si 49
Republic
.2nd preferred
59
'
Newark*.,.
:
53%
10
-
:L
92
; •A4".;,v
—5
". •<
7
83
'
10
Firemen's
Public Nat'l Bank & Trust-17%
Fiduciary
Federal Laud Bank Bonds—
13%
23
■
—100
100
18
'
■
;
10
Fireman's Fd of San Fran
Globe &
Morgan (J P) & Co Inc
National City Bank
10
52%
77
170
Glens Falls Fire—
40
Federation Bank & Trust
26
r
6
.12.50
Northern
K'-.-j
General Reinsurance Corp
Gibraltar F<re & Marine
45
Bank & Trust_20 /
—.—50 f.
North
Pacific
H
Fire Assn of Phlla
38
104%
—
23%
31
Trust shares—
Grace National
44%
Continental Bank & Trust—10
12
32%
22.55
Guaranty Trust —-—-^100
Irving Trust
10
Kings County Trust
100
Lawyers Trust
<.25
Manufacturers Trust Co
20
Commercial National Bank &
50
.—8
27%
24
—10
48%
1
10
Chemical Bank & Trust
25%
—10
New Hampshire Fire
New York Fire
29%
20.63
15
Bank
National
2
Casualty-
New Brunswick
Par
124
Central Hanover Bank & Trust 20
Amsterdam
•
6
150
65%
Federal
Pulton Trust—»
375
10
New
%-•:'
68 ' :/■
61%
Fidelity As Deposit .of MA
Bid
100
6
5
140
46
V S El Lt & Pwr Shares A«
27%
100
5%
^2
y
55
—2
Union Fire
9%
26%
-20
Liberty
'•
53
10
7
UHra
Hartford
York
67/a
.
24%:
-10
.8
Oamdert
Hanover
Bank of New
National
(Detroit) —10
Continental Casualty
Crum As Forster Inc_
21.08
,
Great
Brooklyn Trust
/ 41,
,
,
y
Bankers Trust
*
National
Globe & Rutgers Fire com
Bank of the Manhattan Co.__10
Casualty
National Fire!
581/4
18%
Series 1956
10.22
National
61%
16
25
5%
7%
61
Series 1955
9,31
Series .B-I,,,.,,,,...,....
..' Series
Amer
18
10
Surety...
'
10
2.50
North
4
10
Fund
,D
29.58
4
Fire
Connecticut General Life
7.12
28.04
Mfrs Fire N Y
Monarch
Reserve.
8.8&
25.58
Merch &
18%
33
City of New York
Diversified Trustee Share*—
//
12
16%
23.37
Independence Trust Shares—*
—
26
22.66
25o
:v.;,- -Va j
14.42
91
23%
97c
Unit Type Trusts—
31.50
14.10
12
86%
0
Casualty
56.00
C
1.08
10%
Massachusetts Bonding
Merchant Fire Assur
1
12%
173/4
30
81c
6.51
14.92
Maryland
11%
87c
A—.
'
32%'
53.00
8.11
B
Wellington Fund '.y,;
98c
41
—20
10
Re-Insurance
American
7.13
•
;
11
2%
American
13.44
6.52
10c
series
10
American of Newark
103.58
12.43
1
Union Preferred Stock
11.74
—
Jersey Insurance of N Y
Automobile
101.52
72
Equitable
5
American Fidelity As Casualty.O
3.79
r,.
25.26
13.62
B-l—
B-2—
Fund
.28
American
3.45
19.29
Series
28.24
Series
Series
v'
Bond
Union
1.74
Fire
i 27%"
203/4
10
Series
10.71
35
30
Union Common Stock Fund B—-
23.49
Institutional Securities Ltd—
Aviation Oroup shares
Bank Group shares—
Insurance Group shares
—
Stock and Bond Group sharesInvestment Co of America
10
Investors Fund C—
1
93%
32
5
Trusteed Industry Shares
Incorporated Investors——b
90 •;
4
Sovereign Investors
Standard Utilities
Fond Xno.
1.69
10
Casualty
State Street Investment Corp—
10c
Insur Co of North America
Automobile
Petroleum
4.71
Common
15%
75v.
11.14,
5.17
Income Foundation
14%
American
Republic Invest Fund
1
3choellkopT Hutton and
pomeroy ———.—.—.1 Oo
Scudder, Stevens & Clark
Fund, Inc
—
Selected Amer Shares
2%
60C
10
American
6.90
Huron Holding Corp.
Homestead
American Alliance
2.92
5.26
50%
8.09
6.27
4.54
48%
8.01
2.64
4.99
25%
7.90
Putnam
•hares-.
§
7.28
5.50
Steel shares.
38
Home
.10
Life..
Agricultural
7.64
4.27
Utility
Aetna
Hartford Steamboiler Inspeot..i0
543/4
Railroad equipment
10.10
Equipment shares
stock shares
/.Ask
Bid
Par
86
■
6.15
4.99
4.67
RR
Ask
83
6.42
9.19
Railroad
14%
34
52%
12.68
6.95
Railroad Bond shares
13%
33
.10
5.58
—
Mining shares
Petroleum shares—
—10
Aetna'
5.83
—
Shares
Low Price
Aetna Casual As Surety.
11.54
Utility
8.62
Merchandise shares
Bid
Par
Railroad
7.28
10.41
18%
50%
com—
Preferred
Steel
8.89
6.42
9.92
—
Insurance Companies
10.12
10.86
Merchandising
Institutional bond shares——
com
17%
49
Grande
Rio
St Louis & San Francisco
Income 75-year 4%s
10.10
Machinery
7.03
General bond shares
As
Preferred
Francisco—
50-year 4s__
8.25
9.19
7.98
8.98
6.39
Industrial Machinery shares-;
Denver
12.58
9.20
8.17
Administered shares—
K
90
,12.52
7.50
stock
Building shares
Chemical shares.
Electrical Equipment
Fully
Louis & San
66
62
100
9.61
Electrical equipment
9.82
1993
-1st 3-4s income
St
5% preferred
61
10.01
11.39
Speculative
7.64
6.52
—.——
2018
12.98
9.10
..
Diversified Investment Fund-
%
4%s
29
26
.
10.36
11.81
Equipment
Business
6.15
—
Chicago Rock Island A; Pacifle—
Common
•
y
11.46
stock.
Building supply
""6.25
82
'
—
9.95
Bank
0.45
2019
4%s
Ask
Bid
Stocks
105
6.93
Aviation
15.57
9.42
Automobile
6.37
and If Issued)
as
Ask
Grande—
Rio
Income
1st
Agriculture
39
income
Denver &
New York Stocks Ino—
2.14
8.95.
shares
Automobile shares
Aviation shares
series
Bid
1994
Conv
6.44
16.40
ist 4s
i? 4.21
5.80
24.71
15.28
Par
—
Chicago Rock Island As Pacific¬
•;
8.89
3.68
.---1
1
—
(When,
Bonds
4.42
Preferred stock series
•
Fund—
Fund
Balanced
Agricultural
7.70
Reorganization Rails
7.25
7.00
series
stock
Low
Selected series
Howard-
Group Securities—
6.48 i
priced bond series
—
Low priced stock common-
Industrial
;:
20.39
age
Delaware Fund—„
Stock
14.96
14.03
,
Dividend 8haresBaton &
13.69
1
Inc
Securities—
shares
Balanced
Bond
10
—
Fund
Invest
Nation-Wlde
Canadian Inv
Co.
&
%
-
America
Fund Inc
Boston
Series
20.54
28.02
13.98
-
25.82
25.52
K-3
7%
1
1
Blair & Co
-
18.73
23.52
K-l
Series S-l
<
35%
10.56
Oil share*—
Axe-Houghton Fund Inc———
Axe-Houghton Fund B
—
Assoc'ted Standard
Beneficial Corp
Series
4.73
4.33
1%
10
American Business Shares
1
American Foreign Investing-10c
Series
6.99
6.37
-I
■
,
Affiliated Fund Inc
Amerex Holding Corp-
(Cont.
100.9
99.10
99.30
103.10
Apr* 15, 1948—.™
Other
Issues
Xt 8 Conversion 3s———
If
Panama Canal 8s
Rate* quoted are for discount
at purchase
Rl*
Treasury bin*—
Nov. 21, 1946—
Nov. 29, 1946
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds
Maturity—
tDec
15.
.y
1946
SMarch 15, 1947...
15. 1947—.
ISept. 15, 1947
SBept. IB. 1948
SSept.
Int. Rate
Bid
1%%
100.1
100.3
IV* %
100.2
'
Certificates
of a point
Dollar Price 100 PIu*
Maturity—
Aak
100.10
100.17
100.9
100.10
»%s Dec. 1, 1946
}%S Jan. 1, 1947
t%s Feb. 1, 1947
—1%*
100.27
100.28
12,
t'%8 April 1, 1947
June 1. 1947
Ask
.0168
Dec.
.0151
.0124
.0198
Bid
.0132
.0238
f/as July 1, 1947
t%s Aug. 1, 1947
.0089
.0212
.0170
.0310
t%s Sept.
.0104
.0261
.0120
.0293
.0138
.0327
1947
t'/as Oct. 1, 1947
*%s Nov. 1, 1947
b0.375
0.28%
b0.375
0.33%
b0.375
0.33%
1946
b0.375
0.33%
1946——..
0.34%
b0.375
0.34%
—_
0.35%
b0.375
0.35%
b0.375
Jan.
b0.375
1946
0.35%
b0.375
16, 1947Jan. 23, 1947-
0.35%
b0.375
Jan.
0.35%
0.34%
b0.375
30, 1947Feb'. 6, 1947—.
Feb. 13, 1947-
0.35%
.0148
.0094
—
»
b0.375
2,' 1947
Jan. 9, 1947
.0110
.0087
_
Dec.
.0062
f'/as March 1, 1947
1,
5,
Dec.
.0114
of Indebtedness—
1%%
1%%
100.4
Dec.
b0.375
Jan.
a
19,
26, 1946
Odd lot sales,
b Yield price.
g Formerly Club Aluminum
sale—not Included In range
livered.
z
1946,
x
for year,
Ex-dividend,
y Ex-rights.
Alfred Decker & Cohn
Formerly
a Deierred delivery,
e Ex-interest,
f Flat price
k Removed to Sto'ck Exchange, r Canadian market, s Cash
dividend.
(Un) Unlisted Issue,
w d When de¬
' c Cash sate,
Utensil Co.
t Ex-stock
,
,
Inc.;
name
changed
^
Society Brand Clothes
to
T
■
July
29
and common stock split on a 3-for-l basis.
♦No par
dividend.
value,
tin default,
tThese bonds are subject to all Federal taxes.
:•
fEx-hnuidatlng
THE COMMERCIAL & FINANCIAL CHRONICLE
C O U RSE
T HE
Bank
with
clearings this week show
increase compared
an
year
ago.
against $10,890,659,741 for the same week in 1945.
:
this center there is
TELEGRAPH
statement, however, .which
an increase of
20.2%, the Richmond Reserve District of
we are able to give the final,
;; 26.7% and the Atlanta Reserve District of 20.0%. In the
complete results for the week previous—the week
Chicago Reserve District the totals have been enlarged
ended Nov. 9.
For that week there was an increase of
,by .13,7%, in the.St.<Louis Reserve District by 17.7% and
•11.5%, the aggregate of clearings for the whole country
in the Minneapolis ? Reserve
District by 26,4%.
In, the
having amounted to $11,853,055,520, against
was
per
rv:^
Chicago
i
+11.2
$5,047;877i288
$4,537,797,491
547,314,608
472,124,143
+
640,000,000
553,000,000
——;
-308,786,278
208,937,379
156,836,952
216,400,000
-j..
162,300,000
-246,665,000
3d
+
211*118(314
170,908,866
145,381,123
6th Atlanta
+ 12.6
129,122,894
$6,921,188,895
i
cities, five days
2,083,866,930
+.17.3
-1,776,777,110
,
Total all
cities, five days_.
-
$9,924,096,740
.$8,697,966,005
day———.
1,984,819,348
Total all cities for week—
$11,908,916,088
$10,890,659,741
usual
Stock
monthly
detailed statement
Exchange is appended.
transactions
of
Oth
Minneapolis
11th Dallas
The
Description—
shares
v
—Month of October-—-
+1946
■;
;
„
Railroad & misc.
•
■
-
'
•.
,
■■■
10,139,600
68,142,200
391,500
bonds
1,268,500
18,576,500
—
properties
'1946
1945
on the
months
1943
No. Shares
No. Shares
38,995,195
17,811,394
18,032,142
17,100,772
27,492,243
27,643,038
62,555,204
June
j
28,270,442
13,846,590
17,228,380
41,310,246
37,712,721
23,415,845
83,553,396 101,604,706
68,787,721
Six
1
.-.-20.595.100
19,977,030
28,219,705
21,714,249
25,134,916
20,752,920
12th San
15,945,982
Outside
October
month
of
(000,000
-
^
New York
Chicago
Boston
35,476,347
_
Philadelphia
Reserve District of 23.6%.
r
.
11945
.
Inc.
-'.'7 >'
or
1944
+
4.5
+
1,659,258,574
21,633,435,366
23.8
3,062,471,348
2,630,976(947
1,423,452.839
+ 23.1
2,000,006,841
+ 34.8
4,115,761,444
1,445,584,058
+
1,198,442,094
+ 25.4
2,802,144,729
2.729,554,142
+ 28.6:
1,263,286,360
1,751,885,697
27.6
4,275,303,617
1,379,114,689
998,570,814
+ 32.6
with
ended
LEADING
—14
" v"
—16
"
Cleveland
CITIES
IN
+1944
+ 26.7
2,931
2,712
16
799
760
754
9,176
1,093
986
1,060
1,141
10,619
} 10,931
11,132
1,419
1,291
1,181
14,911
12,858
12,115
4,i
620
627
"7,585
6,916
6,501
'
46,728,254,795
15,979,580,904
12,447,217,985
501
473
435
5,825
5,220
849
830
10,478
.9,052
'4,762
"8,359
956
941
>9,583
677
698
10,260
8,435
240,250,019,396
28,249,709,011
'27,471,853,143
(12,171,176,255
17,643,700,202
43,359,634,486
12,841,011,251
"
—19
" !
15,338.384.358
26,998,615,463
^..11
--^-.—184 Cities
+ 20.3
8.1
+
13,447,544,983
9,887,497,967
16,808,906,661
12,161,692,207
19,914,863,266 V
-
5.2
+
+ 15.9
.,+18.8
23,701,805,957
.—15
+ 13.9
—
'40:^;*
■0.
17,197,241,421
212,016,504,32!
28,003,812,281
25,747,082,631
11,609,790,87:
15,453,681,741
39,856,498,88(
11,827,600,13:
i
+ 25.9
9,098,238,853
.8,597,544,98!
+ 18.5
15,609,381,891
11,006,770,364
22*418,327,914
9,822,350,3121,053,781,561
+ 26.1
572,487,658,520
507.489,918,608
+ 12i8
235,994,399,450
+I4;i
14,874,204,71!
5457,482,613,262
269,315,859,332
—
Outside N. Y. City.
6,240
-4,481
+ 11.6
28,138,487,341
13,272,029,765
18,860,147,657
43,221,559,499
M
years: '
224,914,357,651
.
416,060,073,883
211,066,014,169
'10,833
666
17,362,790,496
29,598,773,385
151385,975,239
22,690,460,772
,w^16
,t j
-.1943
S
+ 12.5
+ 15.8
7
,
T
i|
Ten Month:
'
Dec. %
29,826,829,778
10,342
1,675
Ten Months
34,533,150,006
.
il iVi If
22,358,799,239
Inc. or
311,938,644,074
"
n
——
Francisco
22,903,971,522
'
1945
-
18,601,355,497
•279,562,061,296
*8-« r
$
32,970
2,683
43,270,265,139
Ten Months
Minneapolis
Total
2,237,157,563
24,159,436,505
12th San
1943
1,580.030,187
1,067.124,078
+30.2 ;
+ 23.6
+14.3
10th Kansas City
11th Dallas
OCTOBER
1946 +0 1945
:
53,199,569,400
20,935,738,273
.17* t
J
T^niq" y,,
"8th
Jan. 1 to Oct. 31—
1943
+ 27.2
1,299,385,229
2,500,588,328
1946
Philadelphia
9th
AT
1,795,235,655
:
4,200,074,217
1,325,566,409
1,020,747.817
showing clearings by Federal Reserve Districts in'the ten months for four
3d
Chicago
months
-1943
+ 22.5
:
$
•7th
ten
•$
1,026
+
Cincinnati-
••
828
645
•;
Kansas City
1,174
.Cleveland—
'1,175
928
912
Minneapolis
1,029
840
:
7,701
9,285
8,886
>6,709
6,092
406
409
378
4,555
1,497
1,573
12,397
.3,821
14,198
16,003
342
301
292
,3,811
3,323
3,079
321
327
3,873
3,287
3,120
68
955
803
733
720
1,546
1,444
110
83
213
v'144
281
260
299
227
213
216
317
.'265
■
144
268
402
«
Denver
-148
309
Milwaukee-
!! Buffalo
Indianapolis
197
605
448
290
—+
431
190
92
2,840
—
Tot. 27 cits.
2,034
.49,797,526,096
'26,715,645,414
+:.;9,7
•fc. 0.3
*24,730,186,706
23,151,207,036
26,591,889,230
: 21,174.223,850
+ 19.5
+
3,454
"1,684
400
14,393
2,668
V
2,440
1,366
3,693
300
r
all— 60,796
Out. N.Y.C.
356
378
'372
140
121
125
1,595
1,250
.66
61
872
713
1,942
our
.
26,507,504,386
22,997,145,805
23,973,433,771
26,179,068,749
78,583,595,153
73,149,648,325
9.0
155,042,336,833
144,041,259,469
+
jta+22.5
28,013,784,302
28,238,211,019
>-27,407,666,765
.•23,116.102,919
+ 21.2
J22,498,435,466
+ 25.5
4.5
—
7.5
..+
309,764,724,238
;
^+
46,724,282,971
47,312,362,639
174,131,375,556
144,525,624,970
+20.5
Total 9 Months—.
511,691,183,472
454,290,349,208
+ 12.6
1,167
687
656
detailed statement showing the fig
50,488,979,360
61,831,796,515
56,623,496,372
55,676,082,669
r
:
•
+ >6.4
70,891,611,144
Total 3rd Quarter....
3,851
1,179
?
July-...'—
August—-—-.——
September——
—-J.
+|0.3
24,987,200,588
25,779,113,057
26,296,977,710
158,003,154,042
337,559,80T,916
Total 6 Months
■:
+'i8.9
j
'76,458*741,680
•
--•+^8>9
51,709,917,677
59,338,531,534
169,843,264,176
Total2nd Quarter...
1,801
3,826
•
.
,
v-;
Si®
•
53,199 45,534 43,270 572,487 507,489 457,482 416,060 *
add
May—
June——.—:
56,312,980,526
56,671,442,306
"
1,281
3,145
30,613 24,159 22,903 22,358 269,315 235,994 224,914 211,066
now
46,954,704,831
2,253
1,271
3,357
S
2,832 f' 2,025
3.851 t. 3,995
266.
151,761,570,196
56,858,841,344
—...
Inc.cr
Dec.'fi
+ 12.4
167,716,543,740
1,952
.
York-
>1945
53,673,338,763
45,401,473,486
52,686,757,947
60,325,652,392
Total 1st Quarter-^—.
t
1940
Deef#
-
April—.——~.—
>
+2L2
^••<r.>.<+17.7
:
.
•
-
,
.
-'
+ <7.9
+
12.1
+ =9.7
+
1.3
+>7.4
-■■
22,179,165,091.
7.6
+ 23.6
*
53,447 47,676 40,521.38,503 508,857 455,232 409,360 372,484'
7,349
5,523 '5,013
4,767
63,630
52,257
48,122
43,576
Other cities
We
f
♦
f 57,593,355,252
2,519
2,129
128
70
i Salt L. City
•i Hartford
January
February-M*—
3,548
2,658
260
..
-
2,791
'
_
3,776
1,587
■2,785
128
461
.
■
1,933
406
142
Richmond
.(.Seattle
~
3,052
75
•$
—rClearlngs Outside New
Inc. or
1945
.$
2,871
371
t.-'ViOV.
1946
Months—
CLEARINGS
Total All—
14,458
421
'Providence-
Memphis
MONTHLY
-Clearings,
5,735
a
compilation covers thexlearings by months sinCe J"an 1, 1946 and 1945:
8,064
1,101
Omaha
Paul
The following
7,050
568
'.Louisville—
Total
26,850
463
Detroit'
•St.
•;
27,005
5; 1,363
N. Orleans-
j
in the
ii'miJii-
14 cities
Atlanta
Fran._
Louis
Baltimore-
•
.
30,613,860,413
Richmond
PittsburghSan
t
Cleveland
•
60,796,475,048
New York
6th
28,555
7,976
■'fit.
;
expansion of 27.6%, nfche St. Louis Re¬
District of 32.6% and the Minneapolis Reserve
District of 25.4%.
In the Kansas-City Reserve District
/the totals show animprovement pf
27.2%, in the Dallas
Reserve District of 30.2% and in the San Francisco
serve
1,691,667,979
3,089,478,641
Boston
5th
1944
1945
3,611
trict records, an
2,283,493,340
;n.
1st
$
•$$$*$
30,182 29,040 22,630 20,911 303,171 271,495 232,568 204,994
2,920
2,298
2,140
2,007 .26,069 .22,309 .21,080
19,478
1,978
1,634
1,448
1,425
17,704 ' 15,985
14,927
14,813
—
4,047,814,010
1,917,068,337
1,502,900,657
City.
'4th
the
17,533,817
—Month of October
—
3,505,094,151
471,614,49.3
.
Richmond Reserve District by 28.6% and in the Atlanta
Reserve District by 34.8%.
The Chicago Reserve Dis¬
5,252,649;596
'
—16''
w!84 cities
-
.
+ 2017
1,830,914,155
2,696,389,146
——1
.
Y.
189,005,851
253,560,160
124,040,869
y
129,812,947,348
8
-
—7—
13,922,678
and
CLEARINGS
omitted)
1946
*. .,'
-.. .7:..
<j» '•
117,090,137
■4,826,434,309
•
1,914,717,269
——
clearings at leading cities for the
October in each of the < last four' years is shown below:
-
229,080,024
lil
"+
263,294,209
-
8,419,186,627
3,237,775,493
2d
267,530,924 196,261,532 227,046,416
30,383,870
of bank
October
BANK
169,089,695
'380,700,192
i: 2,345,984,025
Francisco
N.
541,841,174
238,661,284
+ 23.1
.
7,080,023,440
Ten Months
-
u
463,726,133
+ 17.7
+ 26.4
.
363,558,250
+ 11.5
the
1^.——
,
506,885,574
255,072,135
340,422,555 "
+ 13.7
Dec. %
We ^ppend anpther table
! 55,561,998
Nine Months ——279,672,501
course
+ 20.0
+13.3
Federal Reserve Districts
•
,
"236,510,813
"
•
14.985,690
-64,918,607
43,450,216
—
Third Quarter
The
'+26.7
31,155,509,453
3,792,644,226
Total—
14,251,9^76
84,852,398 -66,826,195
September
4,519,868,709
595,656,120
441,664,879
534,711,063
26,324,332
20,807,082
August
;
rIn
.14 cities
11thDallas
194,820,103 200,704,729 131,342,925 171,484,418
July
473,809,706
20.2
+
92,020,949
%.
Months
1?.2
+
10,634,148,671
larger by 23.1%
35,051,545
—
Second Quarter
v
23.8%.
-
33,553,559
32(024;018
21,716,872
'I
3,690.609,350
+
606,090,372
1940
St. LOUIS- : -.^■--.1:^--—:y9th Minneapolis
^
-'10th Kansas -Cij;y—
79,463,469
April
May
Atlanta
l">8th
24,434,084
36,997,243
99,100,023
31,426,715
30,409(809
First Quarter
:
32,612,585
25,663,765
111,266,707
t
.'March
.
of
■
''7th7Chicago
No. Shares
51,510,197
34,092,745
6.6
,
"
176,612,641
of the clearings for
a summary
YY :v
Philadelphia
Cleveland
Richmond
6th
'
f
1944
3d
4th
5th
No. Shares
fl
today
District
Reserve
Y
1943
334,789,083
5,682(426,893
City.
New York
;
t~ 298,658,672
11,853,055,520
v-
1111 Cltfeat
IstBoston——
2d
1944
+ 16.8
"Federal Reserve Districts
*$112,737,800 $143,970,900 $1,141,493,900 $1,957,102,710
January.™
February *
'
■'379,177,377
'201,430,143
>
"
or
Dec. %
-
300,695,675,
458,722,083
.707,733,831 V
'328,198,161
250,064,307
■308,064,390
316,174,082
Month of October—
Stock -Exchange for the first ten
.of 1943 to 1946 is indicated in the following:,
of
•€
——
Y.
delphia
6,622|250
York
Month
";
10
Reserve District the totals are '
.
The volume of transactions in share
'
:
.'j-■j.-y.irv:
5,975,053,288
<636,575,835
533,734,337
$60,796,475,-
81,714,660
bonds
Total
i
$
048 and the 1945 aggregate $53,199,569,400.
In the New
York Reserve District the; totals show a gain of
4.5%,
in the Boston Reserve District of 22.5% and in the Phila¬
•
5,858,000
%J. S. government
New
r
■
1945.
-
?
Inc.
'
423,983,050
720,563,643
641,618,711
380,975,401
550,499,393
804,958,663
386,449,558
-
bonds
i
-Ten Months
$106488,300 $132,562,800 $1,054,775,200 $1,868,765,800
Foreign govern't
7
CLEARINGS
.:1945
the month of October.
For that month there was an
increase for the entire body of Clearing houses of
14.3%,
the 1946 aggregate of clearings having been
35,476,347
310,056,371
303,007,271
v^:vi":*:
>
bonds
——:
We also furnish
and the
1946
1945
30,383,870
Bonds
•>>
'
•
is
Outside N.
New
tten months of'1946 and 1945 follow:
Stock, muraberof
w ;
6
•
Total
9.3
+
the
for October
results
—
Francisco
9.5
—
on
1__
—i
-
•
%
+14.1
2,192,693,736
All cities, one
—
"
10th Kansas
12th San
'
14-1 % and in the San >Francisco
13.3%.
Reserve Districts:
BANK
495,025,323
6,370,092,854
7th Chicago
—~Xl7 -*•'•
8th St.. Louis_*—1— 4 \"
*
13.3
+
7
OF
$
112
——————^——110 *
-
*
—il0;.:'M ?
5th Richmond
+•23.5
'$7:840,229,810
cities, five days—.
Philadelphia
-:4th Cleveland
312
183,647,271
Baltimore
York
Reserve District
1946
-12 cities
x
York
New
1
1
1st Boston
2d
+15.2
;189,552,432
"
Federal Reserve Districts
+ 33.3
284,136,000
? Cleveland—
Our
Wc group
v•/I;/r>i.+ SUMMARY
+ 33.2
City
Pittsburgh
'
increase of 6.2%.
an
Kansas.Qty Reirerve District the gain is 23.1%, in the
y
the bank clearings at this.; .^Pallas Reserve District
Week Ended Nov. 9 "
+ 13.2
St. Louis
Other
20.7 %|
Outside of this city there
In the following we furnish, a summary by Federal
15.9
349,512,666
.
.San Francisco
•
of
having recorded
+ 15.7'
_
Boston
Ten
week in 1945.
same
increase
an
center
Cent
1945
an
-
——.
-Philadelphia
i
BY
1946
Week Ending Nov. 16—
New York
1
improvement of 6.6%, in the Boston Reserve
and in the Philadelphia Reserve Dis¬
trict ofv 13.2%. The Cleveland Reserve District enjoys'
$1(1,634,148,-
CLEARINGS—RETURNS
Kansas
show.,
District of 16.8%
and
671 in the
(
according to the Federal Reserve Districts in
which they are located and from this it
appears that in
the New York District
(including this city) the totals
present further below
we
At
ri£ollows;:K>+ft>>':%::^^
-
the cities
the last day of the week in all cases has to be
estimated..
In the elaborate detailed
increase for the week ended Fri¬
an
1946
C 1. E A R IN G S
We cannot furnish them today, in as much as the week
"ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above
Our comparative summary for the week;
day of 11.2%.
B A N K
Complete and exact detail? for the week covered by;
the foregoing will appear* in our issue of next week.
Preliminary figures compiled by us,
based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday,,
Nov. 16, clearings from all cities of the United States
from which it is possible to obtain weekly clearings will
be 9.3% above those for the corresponding week last
year.
Our preliminary totals stand at $11,908,916,088
a
O F
MondayixNovember »18,
.
..
:.{■ 60,796,475,048
■"
53,199,569,400
+ 14.3
572,487,658,520
October^.-.-*—■
507,489,918,608
67,793,703,476
238,701*998,919
,
+ 12.8
Total 10 Months
ures
qfM
83,659,662.086
211,834,962,945
30,613,860,413
235,994,399(450
.
23.4
+12.7
24,159,436,505
269,315,859,332
+
\
+
++
26.7
+14.1
month of October and the week ended Nov/9 for four years:
for each city for the
'
Month of October
-
Clearings at—
-Jan,. 146Oct/31
v"V;-Vl945
.
Inc. or
•
First Federal Reserve
$
District—Boston—
Me.—Bangor
Portland
—
—
Dec. %
$
-
-
—;
FaU River
-7,973,415
5,282,718
J20,038,439
y -'
16,458,701-?U,978,245,630 t >; v 1,634,003,030 *
V
>8,935,753
J i6,699,644 v
4,448,652
3,069,332
:■
3,927,979
2,854,716
•
8,998,261
i 7,066,540
,.31,700,646
23,767,160
22,726,421 V,*;/-'-'
16,149,120
92,487,458
70,922,537
>
41,130,872
33,562,684
10,387,100
7,815,200
110,211,600
83,472,200
4,771,799
.3,593,687
.
Holyoke
Lowell
—
New Bedford—-
Springfield—
Worcester
Conn.—Hartford.
New Haven—
'
.
—
Waterbury
R- I—Providence
N. H.—Manchester
Total (14 Cities)—
'
2,345,984,025
1
$
/'
'"
.
Mass.—Boston
$
'
1,914,717,269
+ 50.9
66,264,167
174,432,060
+ 21.8
,+21.1
+ 33.4
'
'
+ 27.3
'
145,381,730
'.15,985,464,484
'
49,768,652.
64,717,609
33,526,295
+ 37.6
'
"
59,720,447
+ 33.4
259,479,254
'■
+ 40.7
il88,144,625
872,370,811
'
30.4
!+ 22.5
370,396,633
+
+ 32.9
+ 32.0
955,959,200
713,184,187
;
>
+
+26.9
75,804,200
^
+ 32.8
45,845,003
34,009,847
+34.8
J '+22.5
20,935,738,273
318,601,355,497
+ 12.5
Inc. or
■ ■
Vl,044;921
<1,044,921
J
+
"J
.
363,645,572
363,645,572
1,489,015
2,016,823
7,926,584
4,434,849
-4,434,849
19,486,181
-
;
8,908,997
v
*""533", 842
533,842
+
1,352,215
V?
6,062,057
;
6,062,057
i
3,664,479
15,876,572
' ••
6,625,784
6,626,784
:
21,654,300
-
-
1,722,294
'
;
.
.
+57,4
+57.4
+ 15.3
+15.3
+
+ 64.6
^,675,429
2,663,763
.257,735,759
,880,562
.
—
.
:
.
.$
.
+75.2
+75.2
.
-3,682,632
3,682,632
t
1944
Dec, %
'
—--
+19.0
145,083,383
v
'■'■WeekEndedNov.59
1945
,6
1~143~059
1,143,059
+27.4
803,549,600
206,853,168
'
lJi
1946
*
1,830,386
1,830,386
4,222,543
4,222,543
419,227,982
419,227,982
2,451,325
•
+25.4
+ 29.7
+22.3
291,976,499
96,546,700
+-
>483.7
^+20.0
+10.8
+30.0
-5+37.1
•".-*.+ 25.0
i+ 24.9
.
22,985,424'
"74,577,443"
'
.
24,461,463
f
28,740,240
'
:v'y-''-"v.::*1";
43,112,413
:
.17,704,738,233
+ 44.9
-
::
''
Inc. or
Dec. %
1945
1946
-315,128
480,570
-3;160,279>
,3,690,597
"1,165,872
2,350,946
,11,279,753
2,913,137
13,271,418
-
+ 30.8
+30.8
+ 21.0
+ 22.7
+22,7'
+34.5
;>•;>+34.5
•
v.
+ 13.0
+13.0
842,961
+104.3
423,983,050
+ 16.8
666,263
3,010,082
287,672,350
1,134,203
—
+Tl4~.l
+114.1
+ 49.1
+49.1
197163",000
19,163,000
J
4,172.838
4,528,064
;
.
5,572,925
12,889,300
,
14,050,300
481,092
679,125
298,658,672
•334,789,083
r
.
THE COMMERCIAL &
Number 4543
Volume 164
FINANCIAL CHRONICLE
-■yypek Ended Nov. 9-
-Month of October-
Inc.
/■
Clearings at-r
157,533,740
!
)268,671,263
4,310,712
5,232,897
:
:
:
i
>
0.2
62,823,206
+
7.8
+
19.6
1,528,544
+
11.7
6,170,628,627
+ 16.1
16,130,117
+ 32.1
'
30,505,633
6,913,814
40,253,742
2,041,318
119,393,519
169,326,274
4,995,999
2,731,673
+
64,151,898
55,287,059
.
16,117,386
+ 30.1
303,171,799,188
667,991,624
392,566,697
77,388,011
V
419,147,154
:
27,664,564
1,463,109,225
$ 1,886,469,237
29,040,132,895
S
1.8
—
765,677,860
99,171,797
2,791,934,406
:
53,863,975
"
8,348,483
or
Dec. %
10,655,155
1,303,825
.+'24.4
+.18.4
10*868,981
8,370,385
931,807
571,553
+ 16.6
35,669,310
+ 10.3
40,704,223
28,593,741
37,203,340
+ 38.5
'
•
+ 20.5
57,708,438
311,938,644,074
29,812,947,348
829,336
+ 41.3
695,990
1.1
—
660.340
3.5
+
+ 35.5
1,686,086
1,935,409
30.4
+
+ 24.6
+ 31.7
462,000,000
580,000,000
+15.5
698,000,000
619,000,000
+ 26.0
2,307,507
1,878,628
957,773
+ 27.6
4,111,156
2,477,979
2,632,287
14.6
2,157,274
3,293,866
1,885,014
1,213,898
1,521,389
2,077,334
1,459,859
+
"
+ 32.6
3,407,737
,
1,551,874
;
1,617,651
+ 26.8
+ 31.0
+ 20.5
17,734,741
t5,520,i
+ 40.1
+ 12.4
4,854,899
4,319,!
+ 12.4
'
Fourth
Federal Reserve
District—Cleveland-
636,575,835
+ 17.6
5,478,609
3,974,113
106,308,907
+ 37.9
3,240,792
139,547,043
+ 31.3
80,370,294
158,760,593
12,582,200
1,15,244,500
241,086,412
188,529,449
74,117,800
3,860,984
24,989,200
17,284,500
+,m
+
19.2
+ 23.0
3,597,991
2,012,155
7,387,851
2,820,191
4,195,674
2,373,308
27.6
3,838,721
2,970,878
219.531,605
210,621,503
180,498,971
213,807,683
441,664,879
506,885,574
■,
ft'
+»•
~
•
91'
r
—T—r-r-rr-
Ea.~epayer County—-—------Greenspurg—,—
Hi Pittsburgh.
12,191,738
22,143,490
10,480,915
35,581,738
'
;
r
]%•
■
GU City—
——
Ky.—Lexington—
Ya-—Wheeling-^—
+ 25.5
+ 63.3
2.9
—
+ 23.5
5.0
+
+ 19.7
9,787,461
:
21.8
+
*n.883^;
641,618,711
2,630,976,947
3,237,
Total (17 cities)
+ 24.2
1,005,325
986,239,134
12,769,942
14,090,496
'
.+P'
W.
+
+ 23.9
"1,636,383
ftQ+
i
—t
+ 73.1
2,080,894
-
+*-~rr+-i-
Toledo—
7.1
17.4
;. v+
■:.r Newark-——!*•--i
+
+
—
Youngstown-.————T
+47.6
6,930,401
33,063,000
461,983,339
*
+31.2
+ 334
.
V
+ 51.3
18,701,579
666,393,137
2,862,533
222,624,801
'
+ 24.3
+
354,685,000
I:
9.7
31,878,720
15,385,975,93?
9.5
+
720,200,000
+ 29.3
12,151,210
11,407,185
10,038,162
224,621,874
13,591,890
286,590,161
20,507,034
10,894,985
+ 47.3
564,463,015
A
+ 30.7
7,995,700,000 v.'.
/
147,919,506;; •
133,515,028.;
111+72,792
+ 33.5
2,918,015,045 s-
+ 68.3
203,585,141
64.1
+
:
1,739,024,124
6,783,812,993
'•110,888,663
+ 33.4
99,399,016
87,195,537
2,290,090,544
' 158,184,944
+ 39.7
4,555,964,122
+ 34.8
22,690,4?0,762
3,207,272
+
;
Lansing—
Muskegon—
-
—
/.is
-Bay City
Ind—Ft. Wayne
'V
•
+
;
+60.3
-
r
Terre
Haute;.——
Wis.—Madison——-—i,
Milwaukee
Osiikosh-———r——rr
i-
Sheboygan—
Watertown—
-
•
'
Iowa—Cedar
-—
Siotjx
Rapids
City—'——
An^ps
I
+•
j
■iCt:
r-
Chicago-—
.
Decatur-—————•rs
Springfield-^————•
siSterling———
—•
!
•>
15,387,411 I
34,987,002 i
£« "11,144,746+
9,717,603 V
■v
1,101,409
•;
i.'c
l:
j
5,352,649",596
Total <31 cities)-—-.
eighth Federal Reserve District—Sf? *,apis—
Mo!—-St. Louis—%u, 1.1,Q26,8
:
4.115,761,44^
,
+ 30.8
30,749,334
38,139,401
19.1
124,600,000
128,400,000
2,891,153
+ 47.1
-2,434,028
■£5553i5-
+ 16.5
17622:551
+ 24.7
37,064,5J5
38,760,127
5+9G~G~,932.
50710~5,004
•4,465,837
4,802,608
53,582,465.
444,266
.461,357
97,766,675
1,129,346
709,312
■7,828,71?
Cape Girardeau—
'
>——_.
Independence—
Kv.-^LouisviMe—
fas: \
Tenn.—Memphis"——-———
111.—Jacksonville
■'i
Quincy
•
j
Total
\
——.
.
fa——.
<
1,3
421,-3
448,9
1,6
•■•V.v 8,(
■;
,
(7 cities)
8,?
t
■
6,354,660
+45.4
+29.6
t
.
•
340,422,555
+ 59.2
468,840
4,851,543
+18,6
3?75b"i26
3^2*17/224
+ 20.9
2,357,221
3,659,023
2,524,93?
3,161,482
+ 17.6
+ 26.5
+ 21.1
.
4,960,5.73
+23.0
+
447845,000
3774*00,000
22^908^000
28j56~000
+ +
4.2
4,248,975
6.7
*2,156,491
3,542,144
11^363,317
3,887,976
7,962,147
3,758,571
+
3775~3"3,313
267903",722
3M75~586
+ 23.3
+ 37.5
+ 21.8
447882,497
7,085,769
+ 10.8
+29.8
.
+ 47.4
+'22.5
3,933,992
+ 58.5
1,901,399
1,845,162
26,778,654
19,090,541'
+ 40:3
12,428,018
14,192,418
+ 31.2
+23.2
11,8,94,271
51360,373'
+42.3
5,796,25?
4,880,868'
43 5
+42.2
+20.2
:
15,420,476
45,139,745
.
+ 45.6
,+46.7^:%?:
T + 30.8
781,813
+23.6
+58.7
995,362
615,192,168
+ 29.9
+15.1
4,215,356
9,732,885
+ 41.7
3,613,442
+ 25.0
3,692,146
46,726,354,795
804,958,663
707,733,831
206,400,000
|7?i *00,00?;
91,406,569
74,504,283
87,010,069
77,233,878
+632i92Q
1+60,000.
,
~
,
+MZ
-
+ 28.4
.
348,825,462
151,591,824
113,552,068
13,283,824
970.724
+
342,215,878
290,389,793
920,091
+
23.1
+
54.6
2,832.857.069
+
5,351,000
+
74.0
50.1
56,611,932
+ 46.8
34.1
424,547,471
2,459,780
5,820,963
1,976,798
21748,894
4,222,311
113,731,431
+60.0
+,27-6
+ 34.7
+ 16.9
565,407
357,452,885
3,463,212
1
'37,723,895
26,069,897,427
■
769,478
553,141,0144,852,045"
7,014,^8
8;287,774
2,270,854
+ 31.5
10,915,099
•
1.917,C
221,747
88,024,788
,918,532,455,
421.649,901
9,176,454,793
1
79,289,689
ill,976,632
3,811,475,690
799,613.860
6,122,712
321,354
73,699,607
.27,502.872
,+27.1
+ 15.5
>
2,243^145
3.7
—
*
;
2,641,146
-
+ 35.8
458,722,083
,
«
+
122.905,119
+
3,322,94? j
2,298,200,541
10,220,284
10,298,367
+ 10.5
47.0
+34:0
+ 25.3
.
255,072,135
+ 27.Q
+
3,608,120
:
|
.
: 60,272,793
10,628,653
37+++615
236,510,813
11,434,758
132,735,139
+ 56.8
178,149,742
'486,429,109
,
26.7
—12.7
1,684,367,267
+ 65.6
i
-r-
Peoria—
,
43.1
+26.8
.
43,552,033
168,200,000
55p,499,393
140,788.182
1,933,629,817
''
31,041,089
+ 32.7
r
3?,28?,89l
1,256,725
^
Bloonrihgtoh--
Rockford——,
_
+
i
81,742,385 :
?
•
111.—Aurora——
s
+36.6
708;896 V
'
;
:
+14.0
:
2,412,238 J
10,033,393
DeS Mpines————
;
+ 39.1
•'
128782 f, 03 9
3l76l2jl67
+
6,045,149
+ 19.2
53,458,196
332;325,052
—30.4
*•.■
I"4*****v^ -y.
+ 35.8
175,803,181
+34.9
'
Manitowoc
V
+ 46.4
2,350,128
1,747,508
1097O37/71 8
67^288,069
+ 26.4.
82,340,971
+ 47.8
.148,388,444 i
2,664,484
4,947,981
■
;
'333,993,642
51,976,023
197,625,703
+ 45.2
1
+18.3
+ 53.0
4ia«7.R58
+32.0
79,583,368
*
+ 14.3
128,298,326
+ 43.7
v
87,124,005
+ 39.9
12,397,902.692.
"
142,030,352 ;
29,943,314 ■
-47,365,237 i
11,493,707 |
;
Indianapolis-—
91.6
+ 22.2
66,823,37?
9.5
+
..
+23.8
/
ii 29,806,621 +
South Bend—
35.4
r
,
13,887,991 ;
6,284,837
4,509,620 I
13,871,549 i
"
4.2
+
26,597,509
4,368,688
Jackson-——.—-——
51.5
+
.
Flint
Grand Rapids———
22.6
2>~19~346
+ 22.4
18,860,147,657
+
7 4,252,24?
1,084,985
5,887,000
6,004;000
+ 36.6
+ 28.7
3,821,250,564
2,000,006,841
(
+ 27.5
+ 27.4
985,415
+ 28.9
5I7220,456
+ 34.3
+24.4
+ 38.3
1,101^58,064 f
11,627,568
300,695,575
200,400,000
3,104,735,172 CT 2,536,611,225
224,744,972
205,254,380
114,901,974
82,146,543
144,515,000
126,479,000
254,335,859
187,236,666
50,934,781
33,293,378
14,710,742
11,637,912
Seventh ^Federal Reserve District^
+ 22.0
446/736^
12,639,665
56,952,141
587,642,768
.2,151,247,643
+ 46.5
22,445,242
4,317.336
1,452,710
406,904,249
r
.
1737000464
+ 28.0
+ 27.0
52,794,201
,187,153,602
Mich.—Ann Arbor--——
'
+ 28.2
2,575,290, t70
+ 28.6
'
.
380,975,401
+
+ 33.6
14,937,000
9,929,QQ0
123,896,455
2,891,662
+ 41.1
,7,585,106,453
'
2,1.2
+ 19.0
+ 6.8
4,393,912,02$
123,297,681
229,426,431
1,910,084
7,702,000
90,682,066.
2,444,428
v
+ 43.1
92,378450
t
." + 28.8
10,894,049
'
90,486,501
912,472,367
——
Mansfield
W
A 3,591,428
178,772,429*
+ 27.9
inn'
1
Lorain—
'
..
—
Hamilton
4,383,300
595,656,120
+11.6
19,044,865
501,589,523
*?•
Columbus---.
;
+
720,563,643
+ 15.8
Ohio—Canton—
Cincinnati—--.
t'v Cleveland—-i—---—
2,493,700
473,809,706
386,449,558
328,198,161
+
541,841,174
13.7
132,400,000.
152,700,000
56,733,864
48,343,417
64,066,049
45,375,160
1+8+003
1~153~000
238,661,284
THE COMMERCIAL & FINANCIAL"
Month of Octoberv.
Clearings at—
1946
1945
Inc.
or
1943
Inc.
.
.
-
T'
«.
3,436,992
•'
1
Minot
4,255,502=,%
-
8. D.—Aberdeen
Falls....
Huron..
,
Mont.—Billings
15,588,225
Falls
12,285,933
Helena
•:%//•
'
/'
Total (16 cities)
Tenth Federal Reserve District-
+ 54.1
or
*
1943
196,400,703
30,934,000
31,576,787
103,254,763
167,217,842
20,093,087
104,835,389
+ 61.6
+ 41.4
+ 31.4
+ 35.2
+ 31.3
8,989,126
'+36.7
155,609,161
24,943,000
22,772,420
77,015,448
135,186,334
13,778,652
74,305,251
67,429,335
217,751,635
6,076,077
+ 34.6
+ 25.4
;
+ 24.0
118,478,122
'
.
'1
'
12,447,217,985
v
,
42,"1837450
2,933,096
67,425,649
+ 20.3
4,997,349
131,450,343
33,6447266
;
;
«
.
292,071,653
9,583,288
1,198,442,094
+ 26.2
5,973,885
.220,778,422
+ 24.8
85,789,597
1+37.1
1,308,400
;•:•!/•
+ 44.3
2,129,307,407
24,476,184
5,397,728
v
$
8,550,798
3,292,721
+ 43.4
^
'
5,4*4*7*313
V
+38,7
vs:-
+ 34.1
?.
i/ /
+ 23.7
!
;
!j-Tv
;
;
4,641,271
■
2,884,029
/
1,969,377
V
+ 45.8
/•
+41.1
t!
+ 27.2
i
3,390,692
;
r
!;
2,751,863
7,65^179 /%:%/
r
+ 57.7
9,887,497,967
1
-I
+ 34.1
+ 25.9
1,665,869
1,693,696
5,0*6*2^821
4,239*535
169,089,695
189,005,851
M57*534
316,174,082
250,064,307
+ 26.4
-Kansas City---
i!
'
1,655,024
1,058,588
+ 56.4
Hastings
463,939,481
2,043,068
'
Kans.—Manhattan.
Parsons
371,182,661
,
1,377,820
+ 48.3
1,089,239
,+26.2
!+51.1
+ 32.0
28,413,692
6,268,800
5,168,541
'928,788,255
+ 26.5
40,344.287
30,662,283
1,032,168
*+31.6
+ 19.9
62,129,502
+ 42.7
St.
Joseph—
Carthage
Okla.—Tulsa
If
1,237,051
88,628,414
;
Springs.
;
6,981,568
Denver...—
6,364,146
317,491,458
402,909,599
Pueblo
6,389,982
9.7
+ 26.9
4,909,081
2,283,493,340
+
1,795,235,655
+
30.2
^
525,803
.
455.030
367.031
4,971,408
*400,000
.
.
+ 21.3
1,174,932,483
City.
.
+ 36.5
185,917,667
3,287,814,838
11,309,174
12,590,479
150,437,260
328,568,066
40,343,799
'
16,434,224
Mo.—Joplin
9,479,263
220.436.334;
3,873,604,445 '
17,523,805
,'J ' 11,539,889
211,413,391
372,826,000
57,232,873
10,478,962,909
319,908,483
12,588,952
741,162,777
69,685,285
3.454,015,253
61,018,984
,
+ 25.0
1,374,828
.
Wichita—
+ 27.8
24,827,789
.37,508,552
-
Topeka
12,943,886
i—i —v.'''
:
19133^997
Omaha
Colo.—Colorado
Inc.
'
/|
+ 25.7
••/. y'.
7,741,362
+ 41.0
+ 20.9
28,186,264
Lincoln.
Kansas
29,446,038
>
1,502,900,657
Neb.—Fremont
'
+ 19.1
6,709,113,147
27,417,097. ::: ;.
39,571,646
+ 25.7
"
196,919,091/.'
2,658,410,559
V
38,655,811
1,760,860
Lewistown
+ 30.9
2,632,713
17,796,776
2,203,622
-
234,507,829
8,435,783,442
+ 31.7
,
9,531,747
13,546,377
1,630,075
11,872,508
13,474,689
Sioux
Great
'
26,022,284
* 3,725,000
...
+ 22.4
3,415,356
227,129,213
,
2,733,630
654,406
18,453,880
;3,082,000:
1,008,733
D.—Fargo
Grand Forks
t
7+21.5
840,459,649
:
4,470,026
299,050,022
V
„
24,816,750
1,029,022,845
Paul
Fergus Falls
N
'
.
Winona
1945
Dec. %
40,143,337
...
Rochester
St.
-Week Ended Nov. 9-
or
Dec. %
District—Minneapolis—
Minn.—Duluth
Minneapolis
Monday, November 18, 1946J
-Jan. 1 to Oct. 31—
Dec. %
Ninth Federal Reserve
CHRONICLE.
.
+ 18.6 /
*
17.8'
+54.9
+27.2-
19,914,863,266
UM|U0O)V00
3,787,849
+ 43.8
9,329,810
6,823,775
2,870,305
+ 36.7
6,363,957
2,582,100
5,916,258
247,212,943
199~927,164
+ 23.7
9,554,66*
6,800,353
146^29+796
+ 40.5
1697412",86Q
5,556,140
5,581,609
1,523,915
1,384,664
+104
855,400
1,049,843
,1,217,756*
1,3837476
874,095
1,012,293
+ 15.4
;
+34.9 "
,
"
9.1
+
+ 34.4
3,668,647,794
+ 29.4
+ 40.0-
,
16,808,906,661
'v,:
-v
occ
+13.5
41.9
A
Total (15 cities).
19.5
+
189,779
298,263
3,737,655
63,779,493
263,415
3,414,075
CO oco
5,447,566
+
679,404,642
51,858,081
43,595,343
82,163,640
219,475
9.0
17.0
+15.8
;
277,212,951
9,328,056 ;
,
+
+ 40.5
f
_
'
+ 15.6
+
8.3
—
9,052,399,248
-•
.
+
v
%/-. 5,815,687.,
98,149,233'
.
+18.5
379,177,377
.
Eleventh Federal Reserve District—Dallas—
Texas—Austin—...-1.^-.—.—.
Beaumont
'
■
...
r
i.
Dallas...
*
26,029,747
11,565,504
733,753,767
74,535,426
98,802,458
20,190,000
669,084,414
4,719,448
11,349,483
-
.
v
El Paso....-
Ft.
....
Worth
%
Galveston.—.....—..—i,..
Houston
Fort
Arthur—.:
Wichita Fall8-*~—Texarkana
—1
+ 81.1
9,298,874
242,955,355
138,393,303
99,115,395
92,385,995
5,334.292,411
485,250,825
670,352,994
136,056,000
4,915,247,359
36,543,263
76,871,285
28,469,946
+ 24.4
+ 26.7
74,853,624
14,598,000
512,527,285
3,155,322
8,386,540
3,165,098
26,375,200
7,052,477,824
.
+ 39.7
623,017,084
+32.0
+ 38.3
f
i
+ 30.5
+ 49.6
+ 35.3
820,885,296
177,247,000
5,849,771,100
43,685,189
97,568,663
34,473,065
297,188,367
.
v
+ 75.6
+
6,277,502
4,268,860
7.3
+ 22.5
20,7027764
+ 30.3
19,*346^837
4,664,000
3,541,000
+ 28.4
+ 26.9
1,691,667,959
2,200,000
2,378,744
6Tl37i200
201,430,143
84,270,903
4,234,037
-
+21.1
247,828,826
+ 19.9
12,161,692,207
+ 26.1
;
1
Total (11. cities)...—.—■
+ 31.7
1,299,385,229
+30.2
15,338,384,338
•
+ 19.5
8/785577
+ 40.0
12/764,603
2,756,000
'
+ 19.0
*2,700,000
+ 49.2
:
100,"238^364
SSo*S5Si
7.0
+
2,185,443
9470477600
tiSgSSjm.
10,312,820
4,722,659
,
—36,915,053
....
2,106,671
1587297,000
+32.2
16,705,681
——
lAu—Shreveport
'
'
...
14,376,248
579,301,813
53,347,225
1,303,110
+ 43.2
54291671
4,706,723
176,612,641
117,090,137
124,040,869
84,584,042
3,546,686
63,792,542
Twelfth Federal Reserve District—San Francisco—
Wash.—Bellingham—
Seattle
■;
.
4,278,772
356,206,859
—
Yakima
,
——
Ida.—Boise—,—;
Ore.-—Eugene, j.———
Portland
:
317,365,676
Utah—Ogden——
Salt Lake
Ctiy
i
■
.
Berkeley...........
Long Beach..
—.—
Modesto—
.
.
San Francisco
San
————....
Stockton
6,607,776
6483",348
2503448
4,6*5*6*553
361/235/000
11,696,872
39,945,120
11,370,247
321471,000
21749+000
8,315,350
27+210^000
7,410,701
2,011,916
4,732,803
3,603,751
Total
(19 cities)...
+ 26.0
10,3T7"i638
5,174,552
3,309,970
7,936,797
6,584,950
29,771,745
:
-
y
51868467
'
'
25,676*4074
.
.
7,396,755
1,419,353,968
Jose
72,201,512-;
25512/776
+ 25.4
8,326,446
24,674,939
Santa Barbara——..———
49,007,,623
35978*447
13,407,431
,—
Pa8adena_u-.i--i~.---i--^---.-.:
Riverside^^..ij..i.wi~^--.-.^.«:;-
.
?
62,829,494
9,391,342
140,981,478
32,973,467
12,356,826
16,919,648
32,304,254
......
Ariz.—Phoenix
Calif.—Bakersfield
2,260,031
4,871,000
1,718.504
4,945,146
-
606,090,372
Outside New
/
380,700,192
10,634,148,671
7,080,023,440
8,419,186,627
5,682,425,893
4,826,434,309
3,505,094,151
4,047,814,010
cities)
York—30,613,860,413
♦Estimated.
;
534,711,063
11,853,055,520
Grand Total (184
tNot included
in
Foreign Exchange Rates
RATES CERTIFIED
;
BY
.v'/;7r
Transacted by R. L. Day & Co., Boston, oh Wednes*
day, Nov. 6:
! STOCKS
Shares
FEDERAL RESERVE
NOV. 8,
Auction Sales
4;77-7--7H777'7:.;7
just passed:
FOREIGN EXCHANGE
471,614,493®
24,159,436,505
total.
Pursuant to the requirements of Section 522 of the
Tariff Act of 1930, the Federal
Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable
transfers in the different countries of the
world. We give below a record for the week
r
15
BANK
TO
TREASURY
UNDER TARIFF ACT
1930
OF
Beacon Chambers
;
1
1946 TO NOV. 14, 1946, INCLUSIVE
Boston Athenaeum
710
Spray Engineering
$ per share
Trust,/preferred
($300
par)...
($100 par}.....—..
411/*
—,—......
18
Surfaceal Inc.
10
Boston Chamber of Commerce
Realty Trust,
($100
par)
25c lot
—
Noon
Country and Monetary Unit
Buying Rate for Cable Transfers In New York
Value In United States
Money
r7:
•
35
Suburban
750
.
Nov. 8
.297733*
....
Free
:
;
...—
Brazil, cruzeiro
Canada, dollar—
3.212780
*
.
?
,
Official
.020060
,
.008409
:// *■■■>
;
:
'
•
.020060
.7 .208765
% 4.031875
:
4.031875
.
.
.020060
208765
.
•
.008409
.008409
.301554
'\;i
.301554
.205879
//■
.205879
-
/
.205879
/J77893
.377893
•
1.000000
c:
Holiday
1.000000
.201612
.040501
.091324
...
.233629
4.005000
4.005000
.950416
'
3.225500
3.225500
.201612
.091324
.278208
.008409
% .277893
%
1.000000
.947291
3.225666
.278208
■V?
.201612
.040501
.091324
1.000000
J"
.951250
:
'
;
3.225500
.201612
:V
.040501
.040501
-J'/15
($100 par)
i
v
v/
■
53A.
6% 7.
0,^;,r.':c;vv
Notices
Below will be found
a list of
corporate bonds, notes,
preferred and common stocks called for
redemption,
including those called under sinking fund provisions.
The date indicates the
redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details
were
>•.
given in the "Chronicle."
NOTICES
OF
TENDER
Company and Issue—
\,v7
:
-•;; ^7-- ;/;. ■
-V.;7'7;:
Date 7
1st mtge. bonds due 1960
Nov 26
Cleveland, Cincinnati, Chicago & St. Louis Ry.—
Bush Terminal Co.,
St. Louis Division 1st collat. trust
mortgage bonds
International Paper Co.—
../v
Nov 20
Page
2404
2405
.
.091324
.091324
.278214
.278207
.278207
.233629
.233629
.233629
4.005000
4.005000
•
,
Redemption Calls and Sinking Fund
777:/-::v.V.>:^;%7/( .-®;::7
.946666
.233629
i
.953750
.570066*
.301554
.
-
.208765
4.031875
./"■
.205879
.040501
„
■fy'-yyt1
.022793
7 >7}-.
.
Peoples National Bank Com. Southbridge
Building Trust ($100 par)
1.000000
.952890
.570066*
.
,
•Nominal rate.
■
ll1/*
—
.
,054053
1.000000
,
.020060
•*. ■'•■'/ /; /;/:
.377893
.201612
'■// 'r
.054053
<
'
,
3.225666
Controlled
•;/
.570066*
s;/:;:-:
.946458
Noncontrolled
»•
.
50c lot
common
,3.212613 V
.022793
.949687
.
.205879
New Zealand, pound
Norway, krone
Africa, pound
,'
S 1.000000
Holiday
.301554
,
1,000000
peso—
.054053
.251247*;
3.212613
>
Securities,
Oliver
.297733*
.251247*
.
/
.022794
.377893
,
.297,733*
3.212613
.020060
.208765
.301554
7,
.297733*
.251247*.
;•/ /■:;4
4.031953
.008409
;
Official
Portugal, escudo
Spain, peseta
Sweden, krona
Switzerland, franc
>>;•.
.949218
.570066*
.208765
Netherlands, guilder
Newfoundland, dollar—
:
A
4.031953
....
'iti-.
1.000000
,
.570066*
;.
25
-
.948671
Colombia, peso
Czechoslovakia, koruna
Denmark, krone
England, pound sterling
France (Metropolitan) franc
India (British), rupee
Mexico, peso
it.
v
.054053
1,000000
Free
Nov,*14
400
.022796
.054053
Nov. 13
$
.251247*
3.212780 /
.022796
.*
Nov. 12
.297733*
.251247*
Australia, pound—....
Belgian, franc.
—-i—.———
Union of South
Novell
$
Official
Uruguay,
Nov. 9
peso—
Electric
1st preferred
Oliver Building Trust ($100
par)
Consolidated Lobster Co.
500
;
330
Co.i———r——»
20
Argentina,
^
4,966,020
t
'
4.005000
-■7-'/'.
1st
and ref.
mtge. 5% mtge. bonds, ser. A & ser. B—Dec
2
Philadelphia Transportation Co.—
Consolidated Mtge. 3% -6#>
bonds, ser. A, due 2039—Dec 13'
St, Joseph & Grand Island Ry.—
1st mortgage 4% bonds due 1947
Any time
2410
*
-
.658300*
.562716*
.658300*
.658300*
.658300*
.562716*
.562716*
.562716*
/'*
.658300*
.562716*
PARTIAL
Company and Issue—
12824
REDEMPTION
u
Associated Laundries of
Illinois, Inc.—
1st (closed)
mortgage 6'As
'
Date
——————Dec
1
Pag*
2402
•'I
Volume 164
.
Number 4543
Company and Issue—
! '
vV'«
)
Consolidated Grocers Corp., 3%%
5% preferred stock___..
1
'•
debentures
Date
..Nov 29
»_____Nov
29
3%% debentures due I960—,.—
^Nov 29
Deerfield Packing Corp., 1st
mtge, 4s, due 1956—*_JDec
1
Detroit Steel Corp.; 2u-year 6% debentures
Jan
1
Elk Horn Cool Corp., collat. trust
4s, due 1956—,
Dec
1
Erwln Cotton Mills Co., 6%
preferred stock
Dec 31
'Public
General
Utilities
•1st and refunding mortgage
bonds,
1
•
*
2406
1
1
1
'
National Dairy Products Corp.,2%%
Inc., 4%%
debs., due 1970
1
Terminal
RR.
of
1874
Real
1
Dec
2447
2325
1st
—
Bridgeport Molded Products Co.—
1st mortgage 5s, series C, due 1955—..——-—Dec
os
»»oi—nan time
uue
1st mortgage i %%. bonds or debenture
stock
4
636
4%
Bath
Home
Son,
Blackhawk
61
U. 8. Government deposits—
Interbank deposits:
Domestic banks
Debits
■
——-
•
.
>•
3,461.
„
334
'
920
—
19
193
+
Gov't
S.
accounts,
2149
':.r
'
•
Nov. 13,
1946
2405
'V' V:yV.j;'
AssetS
'
*.
•
.
Redemption
•v'
17,454,426
fund
A
B
(quar.)
cash
• v
y
4,003
1722
—
267,070
—
—.
396,980
—,
-
1,122
—
loans
.
T"*Vr
Railway
1-
2
12-10
1-
3
12-18
11-15
10-3®
$1.50
:
12-
.
1
—
-J—rr-r—-ro-———
Bonds
11-13
.y
$1
11-13
$1.25
1-
2
12-1®
(year-enui—+
$1.50
12-
2
n-20
$1.50
12-30
12-12
*
y;.
Co
—
5 %
18,782
+
1st mortgage 334% bonds, series C-——————Nov 18
1 2nd mortgage 5% bonds-——-—
.—Nov 18
.-■■■
3,946
+
361,143
2,859
20,891
+
35,014
—
198,468
+
18
—
1,260
22,674
+107,500
+ .84,000
preferred
12-
1
11-28
2
11-22
12-16
11-18
50c
12-
$1.10
convertible preferred stock—
8tandard Brands, Inc., $4.58 preferred stock—
1
40c
11-12
11-29
12-16 r
2
12-16
11-29
11-19
l-
2
12-13
$150
12-
6
134%c
1-
fy 5Uc'
12-12
12-16
1-
y. $1.75
65c
Ltd.
(vear-ena)_
Ltd.—
Ltd.,
12$
2
12-16
12-
2
$50c
12-16
11-15
$50c
12-16
11-15
$15c
12-
1
11-15
$150
12-
1
11-15
$$1.25
•12-
2
12-
2
.
~
.+**——
Gas
preferred
6%
Trust—
Investment
Natural
—Nov 2tJ
——Dec
**
(quar.)
(L. E. & Company (quar.)
Light, 4*/a'% pfd. (quar.)
15c
1-2
75c
2022—Jul* 1
+168,826
+
236,029
24,081,798
'+189,735
+
36,301
8
Uncollected
Bank
items
32,6.18
-
5,355
+ 701,901
+
'
••
-
•
50,136
Total assets
;
—
2,789,402
-—i—•
premises
Other assets
12-10
convertible
60c
—
+
—
1,115
—
•
2,575
+ ;
Colorado
Fuel & Iron,
Columbian
yT2,057
y
Yv .Year-end
892,761
-, +
Carbon.
Community
890,783
+
5%
§In Vol.
24,702,295
notes
■.
bank—reserve
,
12-14
11-25
12-16
12-
2
11-20
11-
»
$15C
12-
1
11-15
12-
1
11-15
50c
12-31
12-1®
12-14
$1.25
i ,45n
12-14
5c
-
pfd.
conv.
,
12,609
+
+
-
16,258,513
acct.
577,215
+
622,289
—
+198,194
+
•
169,162
_
Other
Total
2450
422,021
deposits
44,959
10c
11-22
12-16
11-25
12 %C
(quar.)
Machinery (increased quar.)v*
12-10
50C
12-16
11-22
17,880,038
+
2,317
249,573
+
433,267
19,422
444,293
2,306,249
Other
162.
availability items
;
liabs., incl. accrued divs.
14,617
+
1,088
+
•
:
+
liabilities
44,903,199
+ 891,257
+
12-16
12-
12-20
11-22
12-16
12-
7,237
431,316
Delaware
2,674
Bound
&
Brook
RR.
11-
The condition statement of weekly reporting member
of the Federal Reserve System in 101 leading
International
Bridge
(quar.)
cities shows the following principal changes for the week
ended Nov. 6: Decreases of $811,000,000 in holdings of
Treasury certificates of indebtedness and $1,239,000,000
in United States Government deposits, reflecting the
partial redemption of maturing certificates and Treasury
calls on war loan deposits.
Other capital
United States Government securities increased
55
+vy/
11,741
130,202
27,428
263
accounts——
95,703
+
1,449
Eastern
to
serves
45,569,618
'
+892,761
Eaton
890,783
note liabilities combined
42.8%
0.5%
—
liability on
bills
purchased for foreign1 correspondents
————
Commitments
loans
trial
,
to
make
—
23
8,558
——i
v
5,221
,
District, and $89,000,000 in the San Francisco Dis¬
trict. Holdings of Treasury bills declined in nearly all
districts and the total decrease was $216,000,000. Hold¬
ings of United States Government bonds declined $43,000,000 in New York City and $13,000,000 at all reporting
member banks, and increased $15,000,000 in the Chicago
first
grouped in two separate tables.
In the
bring together all the dividends announced the
we
which
week.
Then
we
follow
show the dividends
we
with
$42,000,000 in the Philadelphia District.
United States
Government deposits declined substantially in all dis¬
tricts.
Deposits credited to domestic banks increased
$141,000,000.
-
Borrowings increased $47,000,000 in New York City,
$41,000,000 in the Cleveland District, $30,000,000 in the
a
Extra
?
5%
:
Adam
Hat
Stores
(quar.)
Inc.,
(quar.)
common
Addressograph-Multigraph
Allied
Finance
Allis-Chalmers
Co
Co.
(quar.)
1—
___
American
Airlines,
American
.
'
$3.50
conv.
pfd.
(quar.)_
-
,
Holders
1-
2
12-16
American
a
share of B
District
or
Telegraph
cash
—_—
1-10
20c
11-29
11-
9,
12-23
12-
5
(quar.)
American Forging & Socket Co. (quar.)_—
American Gas & Electric, common <quar.)_
Extra
*
43A%
preferred
(quar.)
_—.—
11-20
12-
2
11-25
"T2-
2
$1.25
12 VaC
50c
35c
$1.18%
12-10
11-30
11-18
12-
12-15
I
1-
2
12-10
1-
2
12-10
1-
2
12-
2
11-11
12-
2
11-11
1-15
12-30
30c
(quar.)———
(Syracuse N., Y.)—
Curme
&
Shoe
Stores,
(quar.)
1-15
12-30
12-16
12- 2
%K.i5c:-
11-27
$$2
12-16
11-30
of America, class A (quar.).—
' (quar,)_—
First Security Corp. of Ogden (Utah)—
&
Dyeing
12-
iA
12-10
1
1
5-
12-
12-10
$2
Extra
12-31
1212-
12-31
i5c
62Vac ;
—-
$1
Cleaning
10-22
3
12-20
Co,,—*
United
12-
t5c
■
(quar.)
com.
—
12-10'
25C
—
5%.ypreferred
300
5
Co.
$3
12-16
12-
O
B
$3
12-16
12-
O
Class
A
12-
1
12-19-
11-21
common
common
Fitzsimmons
5 </«
v
5%
Fox
(s-a)
$1
12-3:
12-10
12-
'
--
—
1
•-
^
•
participating class A (year-end)
non-participating class B (year-end) —
Brewing Co., common (quar.)..
(Peter)
t Extra
12-10
$1
—-——
(s-a)
Stores—
20c
12-1
11-20
^'y 25c
^ 1- 2
12-14
2
12-14
50c.;
250
(quar.)
Brewing
(Indiana)
Fox
De
Luxe
Brewing
(Mich.), com.
11-20
20C
■
————
De Luxe
1-
1
12-14
12-
12-10
12-
1;
2
11-22
12-16
11-20
12-16
1-
2
11-20
12-
4
Extra
5%
•
Less
Galvin
1-
2
■-
12-14
12-14'
12-14
1-
2
12-14
1-
2
12-14
54 VaC
12-28
11-29
15c
12-17
11-20-
y
(quar.)—
tax
; ;l- '2
.vti'l- 2
50c
Company—
Mexican
1-
25C
(quar.)
——
preferred
Fresnillo
a";:
'
v:y 50c :
c
11-25 V
12-27
_—
Fox
68%
12-20
12-10
$1.25
class
-fa of
11-30
I
$1.50
Insurance .Co.
Class B
v
35c
87VaC
Feltman
Payable of Rec.
Cities Power & Light Corp.—
A
(opt.
div. series)
of
1936
••$2.75
11-30
1-
Class
40c
—a--———-
——i._.
Mfg.
12-12
12-12
28c
..
preferred
Finance
When
15c
——
11-20
$1.25
.
The dividends announced this week, are:
Per
12-10
11-20*
$1.37 Mt
—
Fenton
Share
1-2
12-24
$1.02%.
(quar.)
and Investment News Department" in the
declared. •• : M
v.,.
f.. -
Company
11-20
12-24
:
60c
(quar.)__
Semi-annually
■
11-20
11-20
12-13
25c
Falconbridge Nickel Mines, Ltd. (interim) —
Federal Grain, Ltd. 6V3% pfd. (accum.) —
week when
11-30
12-14
I
$1.75
(quar.)——
common
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are
given
under the company name in our "General Corporation
.
11-10
$1.06 lA
—
Electric
District
Excelsior
«
11-22
11-10
12-14
$1.75
*
previously announced, but
11-23
2
50C
•
second table in
2
12-
25c
preferred
Eversharp,
••
current
12-
11-30
25c
.
are.
3
12-14
12-14
$1
v;i:
Dividends
Uame of
declined $92,000,000 in the
Chicago District, $79,000,000 in New York City, and
$123,000,000 at all reporting member banks, 'and in¬
creased $47,000,000 in the San Francisco District and
(quar.)
Co., common
Service, $5 pfd. (quar.)
preferred
(quar.),-—
$6 preferred (quar.)—_—.—
Essex Company (s-a)——
DIVIDENDS
12-
12-31
20c
$5.50
District.
Demand deposits adjusted
preferred
Engineers Public
-
-
4.1%
Empire
-
11-20
11-3®
12-31
15c
Co
Electrographic Corp.; common
v
7%
preferred (quar.)-—
6,019
$43,000,-
Holdings of Treasury certificates of indebtedness de¬
clined I in all districts, the principal " decreases being
$306,000,000 in New York City, $169,000,000 in the Chi¬
Boat
El Paso Natural Gas Co.,
—
...
i—..
446
6,019
-—
11-20
2
12-20
$1
—■——--
—
participating
Electric
indus¬
12-20
2
12-10
;:y, 50c
preferred (quar.)..
30c
Balanced Bund (yearrend) ^
50c
Fund (year-end) —
37 %c
Stores, common (quar.) —
Brothers
4 Va%
0.5%
Contingent
1-15
12-
15c
(quar.)__
common
Extra
■
11-25
12-
;
Howard Stock
&
Edison
deposit and F. R.
000 in New York
City and $35,000,000 at all reporting
member banks; loans to others for the same
purpose
declined $20,000,000.
'
* '
Steamship Lines,
convertible
$2
45,209
2
11-1«
12-10
$1
Corporation, common (year-end)
preferred
(quar.)—————
Dominguez Oil Fields (monthly)
—-—
Draper Corporation,; (year-end)—
Dumbarton Bridge. Co..—
Durez Plastics & Chemical (quar.)_„.—r*.
Eaton & Howard
'
Commercial, industrial, and agricultural loans in¬
$21,000,000 in the Chicago District, $19,000,000 in
the Sari Franc'* 0 District, and $74,000,000 at all report¬
ing member b«mks. Loans for purchasing or carrying
184,933
358,355
Total liabilities & cap. accts.
Ratio of gold certificate re¬
:
creased
paid in
(Section 7)_
(Section 13b)
11- «
u-
20c
——*
Dictaphone
Capital Accounts—
Capital
Surplus
Surplus
8
8
12-16
30c
Detroit
793,786
2
2
11-
50c
(quar.)
4%
Condition Statement of Member Banks
2
12-16
25c
-
:
■
.Extra
Total
12-
250,
'.Extra
(quar.)
.
'
Deferred
11-22
;
.
264,075
+ 121,896
11-27
11-15
11-11
I
$2c
(s-a)
10Q
Management (s-a)>
Connecticut. & Passumpsic River RR.—
$2.10
6% preferred —
——
$125
6 %
preferred (liquidating)
25c
Copper ' Range
20C
Cornell-Dubilier Electric, commoh^^.*0.*t
$1,31 lA
$5.25 series A preferred (quar,),-.-*
v,:
45c
Dayton Power & Light Co.»
—
$1.12%
$4.50 preferred
(quar.)—
$1.75
De Witt Hotel, Inc. (Chicago)
367,033
,—
!■:>
11-27
.
12-10
40c
—r:
Service
i2-
25c
(quar.)
;
Public
12- 2
Minesy Ltd.
Connecticut Investment
~
acct.
Treasurer—gen.
Foreign
2450
banks
2
11-3(1
30c
,
—
(quar.)
;
Congoleum-Nairn,' Inc.
y.f'-v':
Reserve
S.
U.
r
1638
12-
12-16
40c
■■
Compo Shoe
45,569,618
Deposits:
Member
1
11-13
,12-16y
75C
Equipment Co., common
5%
preferred (quar.)—
Colorado Central
Power ' (quar.)
9,652
461,853
+
"Liabilities?^
2325
2326
1
12-2®
20C
Coniaurum
'47
1966—Feb
Dec
12-a
Securities Corp.—
City Ice & Fuel COi^'Increased quar.).——
2325
6
Oct 31
li-ii
y
12-15
$1.12 Va
;
—
preference
(accum.) —
Central Steel & Wire Co. (year-end)
Chain Store Investment Corp.
(year-end)
Chicago Rivet & Machine (year-end)
Chicago South Shore & South Bend RR.—
Quarterly
——Chiksan
Company : (irreg.)
Circle Bar Knitting, Ltd. ' (quar.)
—
23,683,696
securities
and
Due from foreign-banks—'
102
F. R. notes of other banks—
114,348
'-v
6s——
11-15
Heat
Light,
Clark
loans
Total
S2822
1y.y
12-16
li-26
$$1.50
——
(accum.)
-
11-2®
2'
$$1.50
—
(quar.)
y;
28 VaC
,
11-12
4
12-
•
(quar.)—
& Forgings,
Western
Power
$1.50
+1,724,230
129,149
—1,135,050
—•
224,002
—
4
"
753,390
—
Total U. S. Govt; securities
Federal
5%
161.
a
12-
$250
(quar.)—_—
common
International
preferred
Central Illinois
"
1726
Southern States Iron Roofing Co.—
tin Vol.
li-
$37 VaC
Co.,
——
Carpenter
y
•Announcement in this issue,
11-6
30c
y1'
(quar.)
■
Canadian
6t. Maurice Power Corp.—
bonds, series A, due
:
35c
$1.20
*
2325
sbocx
2
$1
-'
(quar.)
t5c
Notes
1724
Railway Express Agency, Inc.— Serial notes; series A, due 1947-1948—-—-———Dec
Tide Water Mill Co., 1st mortgage
Toronto, Hamilton & Buffalo Ry.—
12-
12-16
—
Extra
:
+
14,902,694
7,202,512
825,100
Bills
2057
due
11-20
1
10c
-
Canadian
,
Certificates
2157
due 1970
«eries
11-29
12-18
50c
(quar.)_
Trust
estate
Canada Vinegars,
-
U. 8. Govt, securities:
:
Nov 18
cago
2
(quar.)
Extra
342,361
+
57
+
18,234,144
and advances
Industrial
Pennsylvania Sugar Co.j 5% preferred stock, par $10-—Dec 31
.
1-
$1.25
—
(year-end)
—
"
Canada Malting Co., Ltd.. (quar.)———
&
gold ctf. reserves-
Discounts
—
.
11-15
12-1®
$1.75
—
Any time
Nebraska Power Co., 1% preferred stock
—Dec
1
Norfolk Southern Ry., 1st mtge. 4V2S, ser. A, due 1998-Jan
1
Northern New York Utilities, Inc.—
■4
1st lien & ref
6% hnnrt*. series B, due 1947
Any time
Northwestern Public Service Co.—
preferred
11-15
11-30
pfd. (quar.)_
(resumed)—
preferred
Manufacturing
Foundries
Class
1945
.
—
779,718
Total
*
mtge; 4V2%
11-30
11-30
(quar.)
Central Illinois
2287
fly*
12-12
$1.25
$1
preferred
wyant & Cannon Fcty.
Class
R.
P.
for
notes
,
1
Co.,
$2.50
—
50c
Co.
convertible
Canada
1946
p\
*'• r "
certificates
Other
refunding mortgage rs due 1947
Consolidated
Brewing
Forge
5Va%
.
Inc. (+) or Dec. (—) Since
- ^ Nov. 6,
'P: Nov. 14,
12142
1
Trane
11-30
—
(s-a)
7%
Appliance
Inc.,
Campoell
(In thousands of dollars)
_
..
11-38
12-12
Lines—
S.
1—
Camden
Reserve Banks Combined
2281
gen. mtge.
Texas Power <fc Light Co.-*'
6%
gold debenture. bonds.
11-30
$3
S.
preferred (quar.)——
———
Forge Co.
(year^end)
Manufacturing-?.
»
<
• 1
4Va% convertible preferred (quar.) ———»•
lattl
2285
2
Munson Line, Inc., class B preferred stock——-Nov 30
•
12-16
12-16
Buffalo
Statement of Condition of the 12 Federal
1325
Gold
Jan
Natiohal Properties, Inc., debs, due 1958_u_Dec
Merrimac Hat Corp., prererred stock-————-—Dec
?
11-18
10c
7%
15,533;'
week
2
10c
Brooklyn Borough Gas, common
—.—^
4.4% -preferred' (quar.l.^,_—,
Bucyrus-Erie Co., common (year-end)
78
;
12-
—
preferred
(quar.)_**—
Boyertown Burial Casket, (quar.) —
British American Bank Note Co., Ltd.—
Quarterly ;;
—4,501
140
1
10c
+,
(quar.)—
Inc.,. 5%
City
Bowser,
deposit accounts except
U.
and
+ 1,045
141
9,376
-
1
1-
12-18
Corp
Extra
'
v
—
demand
to
—-
1,332
Foreign banks
Borrowings
2327
Merchants'
4
&
Border
81
+
20
1,239
+
4
12-
$1.25
Manufacturing Co., 6%
Bird
Wharf
123
—
1-
12-16
(initial)
Works
Boston
39,530
10,324
deposits——-
1-31
25c
—
Indies
Inc.
preferred
Iron
Bendix
—•128
34
tlOc
——
(quar.)
$1
146
+
(interim)--*
(s-a)
common
Extra
162
+
Corp.,
Bangor Hydro-Electric,
+1,940
—
*
'
2,087
deposits adjusted——
Demand
Time
2325
International Telephone & Telegraph Corp.—
4
i'A'/o debenture bonds, due- 1952U—July
r
34
—
2325
1
—
series A,
13
Ltd.
11-20
Building,
Real
1st mortgage 6s
—Dec ' 1
Co., 1st mtge. 3V4S, ser. A, due 1970—Dec 12
mortgage 4s,
4,694
31
11-15
2
West
Elevated
gold bonds, series E, due 1977—-July 1,'47
Internationar Paper Co.—- ;
1st
37
3,386
1
12-
&
Boston
2284
Clerks Investment Co..
1st and
3,813
2
12-
Co.,
Boston
2
ft>.—r
811
10,127
in vault—
1
States
Norio.;
729
27,170
—
1
Co., Inc., class A $2 conv. preferred stock___Dec
Electric Co., 1st mtge. 4s, due 1964
Dec
Champion Shoe Machinery Co., 1st mtge. 4s, due 1948__Jan
Consolidated Paper Co., Ltd.—
4Va%
216
12-
12-16
$1
(year-end)
non-cum.
preferred
Beacon
—-.———
—
1
Carman &
Great
444
5,918
4,435
-
Electric
Balfour
607
Page
mtge. 4%s, due 1951——Nov 22
Algoma Eastern Ry., 1st mortgage 5s
Mar
1
Aluminium, Ltd.; 6% preferred sto.'k-i
—.Nov 29
American, British & Continental Ct vp.—
5% gold debentures, ;dUe 1953——
JFeb\:.l
El Paso
5%
150
27
12-10
Bush
Bate;
mtge.
419
43
2,149
with Federal Reserve Banks
during
-1st
6
231
12-10
2
t50c
Corp., class A (year-end)
(year-end)—*——;
Gulf
2
$3
-
11-
62 VaC
Common
CALLED
'
Co..
18
1,479
securities
Interbank
Power
22
14
—
Balances with domestic banks
2327
&
20
409
12-10
2
Equipment—
Financial
B
1-
11-29
$3
—
preferred
(quar.).,—
Corporation
(quar.)
Astor
1.1-30
—
—
&
:
Ltd.
Edison
Atlantic
12-20
$1.73
Artloom
450
12-31
$6.25
(accum.)
(initial)—
National
2325
2327
.v
12
1-15
common
pfd.
(annual)
(initial)
Anglo-Huronian,
394
12-10
Co., common
Wheelabrator
2325
1
Butte Eievit
35
7%
11-19
12-10
97 Vac
Foundry,
(quar.)
Service,
12-20
70c
20c
2
——
preferred
900
-
—
loans
Reserve
Cash
30
Companv and Issue-*-
5%
(quar.)—
3
1-
25c
(s-a),
&
—
preferred
Class
loans-
obligations)
Other
2290
—Dec
ISSUES
(•
+3,353
420
bills
Treasury certificates of indebtedness
Treasury notes
U. S. bonds (Including guaranteed
<*
United Milk Products Co., pfd. stock of no par value—Nov
ENTIRE
74
+
835
Treasury
2157
A
Common
3,725
+
Public
American
—3,425
163
+
$3
1945
945
—
Glass
+
Arizona
—_—...
Machine
preferred
Andian
obligations-
securities—..
estate
Other
1
Since
Nov. 7,
i
pur¬
Loans to banks
2056
1
lor
3.9%
$5
Government
Other. securities
New
Orleans, 3%% mtge. bonds, series A, due 1974
Edison Co., V/2% debentures, due 1960_
Toledo
S.
Other
2412
11
31,
1946
57,609
16,256
Other loans for purchasing or carrying:
,y
U. S. Government obligations
2289
1
Oct.
6>
9,833
dealers
Holding Corp.
Holders
Payable of Ree.
Share
Growers
American Service
and agricultural
and
Fruit
American
1946
•' V.
""
Industrial,
brokers
to
U.
2289
15
Jan
Pennsylvania Glass Sand Corp., 1st mtge. 3VaS, due 1960_Dec
1
Philadelphia Transportation Co.—v \
1st and refunding mtge. 3%%
bonds, ser. B, due 1970_Dec
1
Pittsburgh Steel Co.—
1st mortgage bonds, 4%% series, due 1950
-—Dec
1
1st mortgage bonds, series B, 4V2
%, due 1950
Dec
1
1st mortgage bonds, series C
4>/2%, due 1950
Dec
1
Poll-New England Theatres, Inc.—
1st mortgage bonds, due 1958-—
—Dec, 2
Public Service Co. of Colorado, 4% debs., due 1949
Dec
1
Spalding (A. G.) & Bros., Inc., 6% debs, due 1989—Dec
1
Pacific
;>
chasing or carrying:
2411
-Dec
debentures due 1966
"
loans
2411
1
/'
:
Commercial,
2288
1
'
Investments—total
and
Loans—total
2288
1
'■
Assets—
Loans
2287
1
refunding mortgage ZVis, due 1966
Dec
Oak Manufacturing
Co., 5% conv. debentures, due 1955_Dec
Ottawa Valley Power
Co,, 1st mtge. 4s, due 1964_
Dec
Central
j
Decrease (—)
2287
1
and
Gas Co.,
v
.;
Amerex
Increase (+) or
2286
——Dec
preferred stock
New England Lime Co., 3%-6%
Niagara Palls Power Co.—
Alabama
*
American
American
(In millions of dollars)
2408
„_Jan
Macfadden Publications, Inc., 6%
debentures, due 1968—Jan
Metropolitan Ice Co., 1st mortgage 7s, due 1954.
—Jan
Midi RR., 4% bonds, foreign
series, due 1960
Dec
Pacific-Missouri
y/y^
•
2017
—Nov
bonds—
Name of Company
':yi'y 7';,v.;;?X/
of the assets and liabilities of reporting
;
summary
member banks follows: *
Loans
—
Neisner Brothers,
;
A
1718
2018
A, due 1950—Jatt
ser.
London Realty Co., Ltd., 1st mtge. 6V2 %
Texas
2406
Corp.—
Lake St. John Power & Paper
Co., Ltd.—
1st mortgage 5VaS, series A—
1st
ber banks.
Nov._.
Indiana Service
2284
When
Per
Chicago District, and $140,000,000 at all reporting mem¬
Page
Corp.—
4Vi% convertible debentures, due 1956
—Jan
Greyhound Corp., 3% debentures-—-———,....—..4V*% preferred stock—
Dec
2585
THE COMMERCIAL & FINANCIAL CHRONICLE
2 VaC
'
of
Manufacturing
8%———
(s-a)
Corp.
.+
'
2586
V
THE COMMERCIAL S FINANCIAL CHRONICLfe
.
When
Per
Name of
Company
General
American
General
Bronze Corp.
(quar.)
General Phoenix
Corp.— (
-
Common
Class
(increased
A
General
of
Standard
12-
National
Trust
2
37>/2C
——
—
quar.)
(optional)
share
a
12-16
12-5
Stock
12-16
12- 5
Selected
of
cash
stock.
arrears
A
preference
Great
Northern
Green
Co.,
Mountain
Paper
(accum.)
$3.25
*
Agricultural
—
Extra-
shares
12-2
Newberry
■$$1.75
12-31
12- 9
40c
12- 2
12-27
10C
•
6c
12-
11-
11-20
111111-
>■
11-20
11-
11-20
11-
4
11-20
It-
4
6c
4c
-——,
shares—
—
11-
11-20
t
1111-
Extra-
11-20
11-
11-20
11-
11-20
1111-
4
—-
—.
shares-
shares
11-20
?
11-20
11-
Food
Railroad Stock
—.
1—
preferred
Co.
$4 prior preferred
$3- non-cum.
common
11-20
11-
11-
11-20
11-20
Oil
11-20
11-20
11-4
3l/aC
—
11-20
$1.50
1-
150
'
(quar.)
12-10-
$1
12-15
12-16
12-
2
500
12-2
250
1-15
1-15
12-27
37% C
Lumber
25c'
class A (quar.)
Co,: (quar.)——
?
common
fhritxal)—,—
(Leased Lines) —
Illinois Central RR. Co.
4%- guaranteed
(s-a) ———
& Color, Ltd.—
•
series'"
common
12-21
(quar.)— '
North
Corp.
North
Northern
OsWego
1--2
Corporation
12>I
Candy
Lorillard
Placer
11-27
Pneumatic
60C
12-10-
11-27'
12-14-
11-36
;
i2V2C
•
300
Machine
5%
preferred
11-23
Reymer
12-14
12-" 2
Reynolds
Rice
12-20
11-29'
lt-29
11-15
12-16
11-29
preferred
A
preferred B
National
Life
ft
Accident
2
11-20
12-
2
11-20
7, 250:
J2rl0
12-10
150
•
12- .2.
12-
12-16
12-
.
2
Oil
Oil
Co.
Corp.
preferred
(Wm.)
Common
5%
11-29'
4V5»%
r-
12-21.
3
12-13
12-
5c
12-20
12-
6
35c
12-12
11-25.'-
$25C
:
'
1-15
12-20
Extra
1-
2
11-22
15c
1-
2
1-
2
12-16:
3% %
12-16'
-V? •v"$1.25
"K
11-12
17 %C
;
Sterchi
11-
l
•
Mfg.,
preferred
Brothers
A
$$1.50
1-
*
;12-14
Sterling
i- 4
12-14
i~
4
12-14
Telluride
1-
2
11-29
Tennessee
$66 %C
I-
2
t $ 1 -75
y
11-29
1-
2
1-
2
11-29
12-10
11-25
H-29
'
50C
IOC
12-10
12-
2
55c
12-14
11-27-
25C
—
12-14
11-30
$1
1-
2
12-14
50C
12-10
11-30
$1
12-10
11-30
$1.25
.'
12-10
11-30
$ 15C
1-
2
12-
133AC
12-
2
11-20
9
$50C
7%
1st
'
Extra
-
American Meter
11-30
American
11-15
American
250
11-25
12-28
2
12-15
11-30
$l.06y4
1-"—*
12-15
1-
10c
S
12-
9
12-
9
70c
_
93c
.
2%
Corp.
2nd
1-15
12%C
-
25c
12-12
—i—-•
—
Thompson Products, Inc., common——
4% preferred
(quar.)—]
Roofing Co., Inc. (quar.)—
Extra
—
preferred
.
Seating.
11-16
50c
12-14
11-2
$1.75
12-16
12
—-—
(quar.)
///;
:2i
-
/ 12-28 k. l>r22 '
—$1.75
12- 1//H-19
(quar.)-.
1
Mill (increased)
Rolling
11-15
2
Co..—
;—
10c
.
.
50c
12-16
11-19
———.
'
12-14
*
3c
12-15
11-30
25c
12-12
11-27
f"
25c
$1.25
.11-26
9
.12-31
v
•
11-27
12-15
11-30
25c
i—.'15c
12-16
11-25.
Royalty Coi-p.'. (extra)
Co., 7% preferred (monthly)-,.
6%- preferred -(monthly).———5%; preferred
(monthly)—
——-^vV
Transue ft Williams Steel Forging Corp.—
Tri-Continental Corp., common (year-end)$6 preferred
(quar.)
Troy ft Greenbush RR. Association (s-a)
Tudor City, 9th unit 6% preferred (accum.)
,<
■
-
3c
S&Vic
50c
41%<r
convertible
——■
Ampco Metal, 6% convertible preferred
-...Anchor Post Products^ ,Inc— •/;'/ /v'/i,
6% prior preferred (quar.)-
Anglln-Norcrose
Extra
Corp.,
Ltd..—:i
Stock
——
11-30.
Arcade Cotton Mill*
12-
2
11-20
Archer-Daniels-Midland
12-
2
12-
2
12-10
30c
12-24
1-
1
Special
11-20
11-20
12-
$2
5 /
12-13
$1.75
11-30
$1
12-14
11-22
..
6%
———
—
(increased)-^.—preferred (quar.)—
-x—
—
-
1—-
(quar.)—
Arkansas Natural Gas, 6% preferred (quar.)
l-2t
12-311
1-31
2- 1
2- 1 / 12-311
12-^2 * II* 6
12-20
12- 2
11-20
II- 1
-
*8
20c
12- 2
11-26;
/ $1
'12-31
50<;
75c
12VsC
12- 2
12- 2'
12- 2 "
12-20.
11-19
11-19
11-15
12-2
12-27
12-13
,V"
common
participating
Participating
Argus Corp., Ltd.—
4%%: convertible preference
>
$$I
$15c10c
prererred «s-ai—
——
-
Arden Farms Co.,
11-30.
12-15
...
100%
dividend
11-25.
12-14
' 11-16
•.
$1.50
—
i—$$1.50
—
-
'
Anglo-Canadian Telephone, class-A (quar.)
Applied Arts Corp., new com. (initial)
-
12-16
25c
$1.50
(quar. I
12-9.
-11- ».
12-
prior pref. • (Initial quar.)
(clears arrears)—
preferred
12-16
1-
$1
——.
preferred
7%
$4
;v'V'/x.-.r,
)•
$1.90
;
$1- ' 12-13
$59.50 / 12-12
'$1.75
1-15
(s-a)" - 30c * 11-30
\;V 7%
11-22,
12-23
f
'■
Tilo
Toklan
12-
50C
S'*
;
.
—w
—
Toledo Edison
1-11
•
—.
12-16
11-19
———————x.————————u.**——
American
it-l»
a
25c
12-2
$1.56 /: 12- 2
common
preferred
iz-
1-2-47
31 %C
—
-
12-12
,
IOC
v
(s-a)_;
12-. 2
loc
x,
.
(quar.)——222LL
pfd.
12-15
//// 75c
1J-H
—
12-16*
93%C
x,-—<
12- 2,
la*
•'
12-16
25c
7%
12-16
(quar.)
Radiator & Standard Sanitary—
American
,
(s-a)
————
7%
News,
12- 2
1-^.-47
v
12-20
.
10c
5uc
$1.50
—
(.resumed——
•/
50c
12-19/ 11-29
11-30
? American Smeltine- er Rntinme.^:
./j// (*»'. •. 1 •*t ►- »•■-!■
H-30
American Steel Foundries
(quar.)
v 50c
12-14
11-29'
11-29
American Stores Co._——-—
///,: 35c
• 1- 2
12- 4
11-29
American Thermos Bottle (initial)———
///256:
12-20' *
12-10
4%% 'preferred
(quar.)
R3Vi»c- 1-2-47 <- lk-2q
11-29 ■>
American Thread Co., 5% preferred (s-a)
s/ 12%c. / 1- 2 /: 11-39
11-29.
American. Tobacco, clas B
(quar.) ---]
: '76c" 12- 2
11- 9
12-31
;
; Comm<Mi
(quar.) -———
—.—-.
I 75c
12- 2 { 11*9
11-30
American Verre-Mural, Inc.
(liquidating)/
40c
11-29*
11-19American Vitrified Products, pfd.
11-30-/
(quar.)—
•; •' $1
•
12-20' .11-29
12-31
American Woolen Co., common (resumed)— /-/
$12 » 12-24
12- S'
12-20
30c
—i———-
.
preferred'
Common
/
12-20
150
62 %c
(increased)
(accum.)
common
12-16
11-15
2
12- 1
// / !.
,
11-19
11-15
^
75c
(initial monthly)-.
Co.,
11-30
Z 5%
.
,
6%
Ice
11-30
:
.
-V 75C
preferred
•
: 11-15
12- 2
75<f
(quar.)
6% non-cum. preferred- —
American- Insulator Corp of
//Convertible
prior preferred
American Investment Co. (iii.)
11-22
'
Power,
common
lt-15
12- 112- 1
12- 1
:';/-62%C
—
/;
12-15
'
2<r:
Drug,' Inc, (quar.)_
Mining Co. (quar.).
$$1.40
preferred
'
Telephone Bond ft Share Co.—
$55%C
■
50c
:
;
>.
•
/ ) <- 4 /
12-27
11-29
50c
-
Hide ft Leather—^
American
^
.2:^4^ 2*>c
.
(Initial)
Home Products—
12-31
25c
common————
Stores
new com.
fquar.V—
American Metal Co., -Ltd.,
0% * preferred (quar.)
12-
59 %C
—.
Sunshine
$30c
—
-
(quar.)
common-—_„
12-11:
$10C
—
Year-end
iv-
■
v
*.±*2
—;—j———
Extra
*
'
—
12-10
New
11-30
2
r***
com.
Hoe.
convertible
6%-
American
11-23
12-17
12-23
50c
$3.75 preferred (quar.)
Standard Oil Co. (Ohio), common—;———Stock divicfend U——li-.
y
11-29:
.
Co.*
(quar.)—i.-.
Investors, Inc..
Sovereign
Staley (A.' E.)
6
11-26
$1
$$1.06
:
preferred
12-27
12-20
12-16
12-10
Investment
s-a)
ft
.American
2
1-
20c
(quar.)
(quar.)_.x
11-19
$2 convertible preferred
(quar.)—
//$2.50 convertible preferred (quar.)
$3 convertible preferred (quar.)-.
1-1
*
11-16.
11-10
12-2
11-30
-
12-11
12-11
(quar.)__.
$6 pfd,
11-15
11-21
Gas
Fork
12-14
:
12- 2
American
$7 preferred
50C
$50c
American General Corp,
90c
.
12-14' j H-30
(accum.)
$1.50
(accum.).-.-——————$1.75
11-18
,11-21
12-13
$50
2,
ll-i 0
11-20
$fr
,
———
12-
1
Union
:—
■
American ft Foreign Power,
11-18
1
(initial
preferred
Extra
'Amir, Drug ft Chemical, preferred
'
2
12 %c
3C
■>
""
(quar.)-—i——J
11-30
(quar.)'
South Carolina EleOtric- & Gas—
2
;
"-SOtf/:VIi-26;t&l*
Co.
12-
12-
Brewery
Shares
Business
Chicle
12-2
lz-
Southern
t $1.75
,
12-14
■
$19c
12-13*
2
(quar.)
11-22*
12-14
.
11-26
lquar.)__
International
50C
—
Insurance
$*»-v 1
.
.$$2 ,12- 5
" it*. 7
————$$!•
12- 5
*
6%
preferred
$$1.56
11-29:
American Arch Co. t(year-end)..
$1/12- 2
11-29
American Automobile Insurance
(quar.).w
'. 20c '
12-1" 11-15*
11-18
2
(quar.t —$31V4C
Canadian
12-28
12-
—'——
12-19
•
]
—.
12-14
(auar.(—
"
—
1- 1
Special
11-15
1-
lc
Inc. (quar.)_
Tobaeco, 3.6% pfd.
(R. J.)
Rartch
Simon
£.
15c
(quar.)——
11-2&
12-10
/
—
12-14
...
11-28
12-
40C
National
A
12-20
20c
,
Class
11-21*
21-iS
50C
$$1
Trust, Ltd., 4 % partic. pref. (quar.).Semler (R. B.), Inc. (quar.)
Shellmar Products,
4%% preferred (quar.)
Silknit, Ltd., 5% preferred (quar.)———
50'
—
I2-1S
11-Ift
$1,50
30c
11-25
(quar.).
—
$1
■ •
: 50c
(quar.)_„
12-10
45C
50o
—,
81%e
Ltd., common- (quar.):
12-12
12-
35c
(quar.)_
Second
Co.—
City Lines, common (quar.)
$4 preferred (initial quar.)—
National Discount Corp., common
(quar.)
12-27 7
12- 5
12-10'
•
'
caiiaaa, Lto.-—:.
30C
(s-a)
11^ 4
$lc
common.—i—
5%
preferred
(quar.)
National Hosiery Mills, Ltd.—
pfd.
(Texas)
11-22.
'
(quar.)
Extra
Co.
11-15
15C
Munsingwear, Inc., new common (initial)
Murphy Chair (initial)
1
Muskegon Piston Ring—
:
cue of
20c
12-24
•
(quar.)
1%
Ltd., 6%%
(Phila.)
1
12- 2
;
40c
Car Heating & Lighting
Saguenay'Power. Ltd., 4*/4% pxd. (quar.)__
St. Joseph Lead !.Co._——
Scyt#s & Co., Ltd., common (quar.)—1
J.
——
:—
T2-I7
,
12-2
•
.
$1
(ouar.)——x.——
$?^c
Industries
(quar.)—15c
.11-20
$1.50
Safety
12-16
50c
:
12-27
15c
A
Aluminium
11-16
12- I
56 Vic
Brothers,
Richfield
12-20
1-
a%
(quar.)
11-29
Aluminum
.
11-27
11-21
—
IOC
ft Erie Ry. (s-a)——
Refrigeration &• Storage^—
(initial)
—-——:
1st preferred
11-30
12-21
'I5e
(quar.)_
preferred
American
$2.40
Common
7%
&
11-12
12-16
12 %C
.
——
4%
;
11-20
12-18
'
v
1-lft
10-aW
12-.2
12- 9
80c
(quar,) —.;
preferred (quar.)
6%
>
13%0
(quar.>—,
—
Insurance
Grain,
$3c
Montreal
Extra
preferred
Insurance
Republic
15c
common
$25c
preferred
11-22
/•
^45c
20C
Common
]■ Extra
12- 2
$1.75
'
- convertible preferred
(initial quar.)
Portland Cement
;
Company of America—
•Aluminum,
11-27
? 40c
——
Reliance
.
25c
Montgomery
2nd preferred
Moore Corporation, Ltd.,
-
7
Tool—-
(quar.)
2
12-12
13%e•//'-.2* 1
.
Vk%
11-25
.
Ilr S
.A
}1-I9r
Aluminum
12-16'.
'+
"■]
12-10
<
12-2
2oc<
.
—„
12-10
12-10
Ry.—
.
Extra
.
Reliance
—-:i
Montana-Dakota : Utilities,
$50o
75c
r
Corp., 4%
Allls-Chalmers Mfg.—
11-21
:
$1.50
11-25-
$1.75
Mining & Manufacturing———
Brewery, Ltd.
(quar.)
:
Monarch
2
(reduced).
(s-a)
1- 2
s-a)—.
Aircraft Corp.,
Stores
Hotter*
aaAA
Works, Ltd,—*
;
preferred (initial
Co.* (year-end)
Extra
Allied
11-20
12-13
11-15
«
Molsons
12-20
"
12- 5
11-30
11-20
—:
(quar.)—
12- 9
4
50c
It 2
11-15
,
A
Minnesota
11-15
1
Steel
When
12-10
Associates, Inc.
(quar.)—.
Allegheny-Ludlum Steel Corp.
(year-end)
Allied
Laboratories; Inc.
(quar.)
11-30
12-
—.—
—
5
Paving Brick
(initial)
Mica Co. of Canada, Ltd.
(initial)———;
•f.f- Class
2
Payable of Aec.
$25c
Air
12-10
11-25
Ltd.
(extra)——
■
George) Fund of Boston—
Reed-Prentice .Corp,
(quar.)—
2
.
common
12-
'
$$1.25
11-30
12-13
12-16
15c
(resumed) —41;
Manufacturing,
11-25
12-2
*' T
(quar.)
12-11
12-
Corp.,
Putnam. (The
2
Metropolitan
Miller
participating
(quar.)
55c convertible preferred (quar.) ---1
Agnew-Surpass Shoe Stores
iqiiar.)r.f,,„
;
IMS
Purex
12-
'
Disintegrating
preferential
redeemable
$1
11-11
4%% preferred' A (quar.)——
Public Electric Light, 6% pfd. (accum.)—
12-
—
r——
A
preferred
•Acme Glove
12-13
11-20
$1.75
quar.)—,
Matachewan Consolidated Mines, Ltd.—May, McEwen, Kaiser Co.
(quar.)——^
______
5%
American
12-14
40c
cash--—.—
common
(Initial)
preferred
(initial)—
Merchants
ft
Miners Transportation
11-20
Ltd.—
11- 9
12-21
11-20
12-
»,
GhoirfHv
Class
Alpha
—
convertible 1st
•
25c
.
(quar.)_
30c
.5%%
$1.25
-
(quar.)
Massachusetts Investors Second Fund—
Metals
Acadia-Atlantic Sugar Refineries,
11-20
.'
/
;
Share
Aeronca
40c
,
Per
■
1
.
3
12-21
1
"
25C
——
Company
McGrath-St. Paul,
-m-
<
»
12-
11-20
12-16
20c
;
—
(quar.)—--——_x———
Maytag
"
-
12-10
15c
Co.
'
Acme
25c
Ashtabula
&
Ltd.
2
1-
10c
————
(year-end)-.————
-
Pressed Steel Car Co.—
2
12-
$4
——.
In common stock or
Electric Co.
(increased
——
5
15c
12-10
30C
—
Payable
——
12-
11-
Corp., -Ltd
12-14. '
1-
2%c
(quar.)-,.-—i/:
(P.) Co., 7% pfd. (quar.)—
(year-end)
Mines, Ltd. (quar.)CopRer
•
'
common—
(quar.)
Scale
(quar.)_
Name of Companu
r
12-20
1
40c
preferred (quar.)
Development,
11-25
12- 1-
12-10
tRudolph)
preceding table.
^Preferred -Utilities—
7%
13-iq
'
5
Below we give the dividends announced in
previous
weeks and not yet paid.
The list doea not Include divi¬
dends announced this week, these being given *in the
11-29
I-
—
RR.
Youngstown
11-20
Corp.
Extra
12-14
Erie
12-13
Magma
Mary Lee Candies
Master
12-31
Lake
&
12-
v10c
•
-
; 11-18
M
•
75c
com.—
Corporation
Zeigler Coal ft Ckrfie
Bank
_—
Pittsburgh
Pittsburgh
Corp.,
12-17 ?
11-20
——
12-10
Common
Macassa
11-29
12-10
11-29
(Charles) ft Co., Inc.
Phelps Dodge Corp.—
—T_——
12-14
12-I
20c
.
2
11-30
20c
%
6
40c
(quar.)_—
12-10
Lexington Water Co., 7% preferred
Loft
12-10
12-31
11-
25c
National
Pfizer
i
2
12-10
11-12
JJL-lJc,
11-29
$2.50
62 %c
Corp
12-31
—
Co.
12-
Company
Mulliken
:
(year-endf_—_.l—
$1
i———
Extra
50c
Power, com. (quar.)
5% preferred
(quar.)
Lee (H. D.) Company
(quar.)—-—.
Salt
12-10
.
Pettibone
1'2- 2
^
11--6
25
90c
iresumed»_
Exchange
Y.).. (s-a)..._
Permutit
11-20
11-20
1
common—.1.1—.
Machinery
11-25
$1.50
12*
..
(quai.)\_A——w—_—l$1.06)i»
company
11- 5
6 '
12-14
,
1-15
"
Pennsylvania
11-20
12-1
12-
11-15
12-
30c
20c
(increased)
.
Co,, Inc.,
$1
;
55C
—----
12-
12-lt'
Inc
$1
(quar.)
Co.
Gas; (year-end)
Co.
11-15;
15d
•
11-25
30c
(accum.)
Rust-Proof
11-29
2oc
6
12-16
50C
(quar.i-iuu_—-(year-end)
Cement—
preferred
12-13
convertible
York
6
11-
8c
—
Portland
Parker
11-
30c
(quar.)
common
,
9
11-
10c
Falls
6%'%
11-15
11-20
6
RR.
.
12- 2
11-36,
11-30-
A A-.-'15 c
6
11-
Oil
Oklahoma
lli-l?
f
.11- 6
80c
30c
Lake Superior District
Leslie
11-
Corp.,
Pennsylvania
11-12
12-16
12-16
1- 2
Ik- 1
11- .6
,
11-25
—-u———
$1.25
(s-a)
.
-11-25
11-25
—
Texas
11-15
<
12-16
A; $1
$1.50
$1.06»/4
37J/qC.
—
2
6
—u—
Central
50c
'
1
r
11-15
6
11c
Car
-
I2~
12-1
6
11-
11-
12-20
$1.12%
preferred
11-
11-25
27c
——
(quar.)
Products
11-25
11-25
series
■
*
*
'.
—A A. 13c
12-1
6
,
4C
18c
series
2
11-39
12-14
Wunitzer
;
0
11,
1-
:•
6
.11-25-
12-17
11-19
12-15.'
$1
/-■
preferred (quar.)jA——
3iy4C
Manufacturing Co.———.—.
50c
Wright-Hargreaves Mines
(reduced) —$4c
6
11-
11-
11-25
Pacific
$1.25
common-——,——
convertible
11-
11-25"
12c
11-25
35C
Mill—————————
King-Seeley Corp., common
5%
6
11-25
2
2
——$$1
r-/:- /'..'
(extra)-
Newspaper
5*^
11-23
1
1-
12-
7
17-20
iri-29
Worumbo
If- 6
11-25
vu$2 'ConvertiWe preferred
2 :
30C
.
Extra"/—-ii—-xi:x:a-—"
Kingston
11-
series—.
Equipment
quar.)—
(quar.)—
preferred
11-25
&
Wood
/:
6
11-25
11-25
$15C
r—-
—
Industries,
II-
12-
30c
>..
-
(s-ah——
:
$4.25 "preferred
6
11-25
:
(quar.)—
Products,
Wilson
6
11-
7c
11-15
16 Vic
Oil
11-
52c
12-14
tl5c
—
■
convertible
11-25
11-25
i_ 2
—
/ 12-30
02VaC
„
12- 7
12- 7
'.12-
Manufacturipg Co.-—
Wtisoa-Jones
6
,—•-
———:—,
12-14
Silica, 6%% preferred (accum.)_
International Cigar Machinery Co
Interstate Company, common
5%'. prior preferred (quar.)x]—__————
$1.20
II-
/
$ioc
ft
Willson
6
11-25
(quar.)—
(year-end)-—
Gibbsr-Sewbig Machine Co
—,
'
•Williamsport Water, $6 preferred (quar:)—
6
11-
preferred
common
Wilcox
11-15
12- 2
5 Western Utilities, 6% conv. pfd; (quar.)
15c
Weyerhaeuser Timber Co.—75c '
11-6
v
74c
—ix-.----u._-—i——
■
Extra
(N.
•———
preferred
Kilburn
11-25
11-25
10c
Pennroad
—
Industrial
Kerr-McGee
11-
11-25
;
■
14c
•
II-30
$37%C
preferred
11-6
'
A
Mills
Point
New
12-16
12- 2
11-25
tquar.)—$31 Vic
preierred
—
Extra"V——.
A
6
8c
Corporatlori (year-end) —»
Otter Tail
Power
Co.
(Minn.), common—
$3.60
preferred
(initial)
r
Outboard
Marine
&
Manufacturing
(quar.)——
$4.50
11-25
:
Utility seriesw———
•
Imperial Varnish
Co.,
II-
11-25
150-.
$1.89
v11-25
$2
■
Manufacturing,
Drug
•;
20c
:———
•
Katz
11-25k
64c
*—
—
50c
(quar.)————
——i.
(increased
6
8C
250
-
Supply,
6
11-
2c
Extra
12-27
250
(Edward)
Water
series—
—
North American
11-20
preferred
preferred
6
11-
11-25
4c
f-Yp" Extra
11-20
—
(initial quar.)--—(quar.)—
Jamaica
11-25
A-11-25
:
class
West
6
2
12-16
1007o
common
Knitting Mills (year-end)
Welch Grape Jtrice, 4%%
pfd. (quar.)
Non-cum. 2nd preferred
6
11-
50e
——
-■
Tobacco
11-13
Mining Cd.-_
Hilton Hotels, common
Joy .Manufacturing
11-
11-
50
series
Steel
-
.
12-5
25c
Hecla
.
11-25
2
1-
' 256 / 12-10
s
-•
—
Wayne
1
6
11-25
lOe
-i.—*—i.—
Extra
11-36
partic.
11-
Railway,
; Wamsutta
i //
12-
93%c
.
dividend)—.
Manufacturing Corp.
6 %
6
71c
Railroad
11-25
.
12-
(quar.) 7.
Stock
11-
11-25
9o
■
6
11-25
$1.87
-series.-
Extra
12-20
I-2
x:__
-----x..
—————
Railroad
11-4
2
12-16
conv.
1
-
■
Extra
11-4
12-10
Extra
11-
73c
——i-x;-——.
Extra
4
50c
Common
11-6
11-25
80
series
Series
Public
11-4
11-
750
Hoover Company, new
11-25
9c
Extra
11-4
250
Oil
6
60c
'——--——w-:--—
Extra
Metal
4
.11-20
preferred
—i—-.—x.
11-
70o
Merchandising, series
|g -Extra
4
11-20
Haseitine
Honolulu
:
.
11-4
11-20
36
Hastings^ Manufacturing ————-L——
Extra
6
11-25
I
6
6
11-
12-16
12-16
$1.02
——
Corp.
Wabasso Cotton, Ltd, (quar.)-—
Wacker Corporation—
.
4
l'/fcc
(quar.)
(quar.)—r~——
.Hartmah Tobacco—
11-
11-
11-25
19C
.
-
Instrument
11-25
11-25
12-16
11-15
1- 2
1-
50c
1—
'Wabash-Harrison
22c
J
11-4
6C
——<--/■
—ii;
—
6
vfM
Machinery series
11- 4
11-
2c
<:———-
—
'
Co., $6
11-20
6C
—
,————•
shares
11-20
>11-20
5c
.
Utilities
11-
-
;
.
shares
11-25
13©
Speculative shares
series
Extra
4
50c
>.
.
shares
Tobacco
Virginian
'.Vogt
2c
2
12- 2
12-24
Virginia Dare Ltd., b%
;
6
,10c
:_s.--
Equipment
.
11- 4
11-
i';iti'40'^
shares
Steel
Hammond
11-20
11-20
2c
shares.
:
6
11-
7c
Fund shares.—
—
Extra
-
6C
—
6
11-
11-25
10c
.'i—
Extra
4
50C
—
11-
11-25
80c
*11-15 i
112-3-1
(s-a>_x.
11-25
kill
,
Extra
Ltd,
10c
—
Investment
S.
6
11-30
12- 2
—c—-Z';;;$1
:
$1.75
Ventures,
12-
12-16
50c
preferred- (quar.)—I
Plywood Corp. (stock
30c
*
-—------
Electrical
4
7c
Equipment
■
'-
series——
series
Insurance
11-
4c
Bond
Power
6
v
$1.33
Diversified
4
11-20
rTT,,...
Extra
6
11-
—
Government* Bond
Extra
11-
1C
shares
Extra
"I ,,U.
11-
,——
series
lli 4
11-20
3s
Supply
11- 4
.11-20
7C
4
11-4
11-20
8C
—
Extra-.
•A 7%
6
11-20
12-31
50c
Utilities,
11-25
12- 3
53c
preferred
Public
24o
Extra
4
11-20
V
4
8C.
.
——-u.—
Railroad
11-
11-25
■
series
Extra!-
Extra-
11-4
8c
shares
shares—
shares—
———
Railroad
11-23
11-25
—
Equipment
prior
6
12-10,
25c
$1.75
f,/
...
11-
11-15
$1
^
,
$1.75
——
Diversified
11- 4
11-20
27c
Bond
shares
Payable of Reh.
75c '
(monthly)
$3 pfd. (accum.)—
$2.75
preferred
(accum.)
United States Graphite Co
U. S. Gypsum Company, common (quar.)—.
:
18c
-
—
Stock
Chemical
4
9c
shares
Petroleum
11-26
——■
Extras
4
,11-20
11-20
r
:
■
.
11-26
12-10
——-•
series
Business
11-4
lc
Machinery
Merchandising
Extra
12-10
prior
Holders
When
Per
Share
preferred
(monthly)
0% prior preferred (monthly)—
United
18c
—
;
—'
Building
-
4
11-20
5C
——
Mining
35c
——-■
series
Extra
.
4
11-20
■
8C
——■—-
——
>
11-15
%
10c
•;
Bank
■'
Extra
11- 9
2
$1.83
series—
Extra
4
5C
——
Extra.
2
12-
6.36%
■/
Extra
—
Aviation
4
11-20
5<y
,V...
——
Co.
Extra
4
11-20
:
40c
-
1
Extra
Prices
12-
$
-——w-—-t.
Distiliing
&
Automobile
4
7C
Institutional
9
$24.16
—i——i-i.-..
Alcohol
2
11-20
Administered, shares—
Investing
Extra;
series
Extra
-
■
2
12-
14c
—
;
:
;:
(increased
?
25c
prior preferred (monthly)—
58 %c /
7% prior preferred (monthly)
58VhC
6.36'/^
prior
preferred(monthly)i.—53c
9
;
(liquidating)
Extra
General Bond shares————
Industrial
-
11-16
12-27
$50
_i
Extra
Agricultural
11-20
2'
12-
$1.50
(accum.)—
-
—
Co.
s-a)__-_-——
Underwood Corp.
(year-end)—
Unexcelled-Chemical Corp.
(resumed)-^——/
United Dyewood,
7% preferred (accum.)—
United Light & Railways Co.
(quar,)——
]/
6%
(increased quar.)——•
Water, preferred
New York Stocks, Inc.—
Newport
.
—
shares
—
Co.
(J. J.)
1111-
11-15
11-15
2
2
$3>50
New Method Laundry ■Cft-w'.;-.
6%%
preferred
(accum.)
11-20
12-
12-*
$3.29
7% :• preferred; (s-a>
11-19
12-16
——
shares
Company
Rubber
-
50c
w
11-20
———
Equipment
Extra
$5
11-30
50c
common-...—
B—
1
11-30
——.
Extra
$1.50
11-30
25c
Cordage,
12-20
11-30
shares
Electric
Fully
12-
$1
shares
Building
Hobart
12-15
12-15
Tyer
11-30
*2c
11-30
lc
Chemical
Hines
V12-19
"7c
_.:~—
series—
class
Common
11-19
10c
-
pfd.
•,
—
Aviation
■'
Name of
'<
'•
Extra
4%.
;
Group
30C
Extra
.
/;/• v'*
12-11
■(.* 16c
series-.^--.—
25C
—
Automobile shares
Food
IT
.112-
$1.50
common
Co.-——
Power, $0
Group No. 1 Oil Corp
Group No. 2 Oil Corp
Group Securities, Inc.—
.
2
Funds—
series
Bedford
New
This
*
——.
$1.75
Atlantic
class
Gulf
■1-
50c;«
b) .'w '''"Estimated distributions.
209/1500th
or
preferred
clears -all
& Pacific Tea
preferred
(quar.)_
Great Lakes
Paper, Ltd.—
•
%
(quar.)
7%
7%
Low
Holders
Payable of Rec.
'
Co.
stock
Preferred
*
,
National
12-12
20c
11-25
/
$6 preferred
(quar.)
—x.—--—<—
General Tire & Rubber
(quar.)
Gleaner. Harvester Corp.
(quar.)-.:—
Great American
Indemnity (N. Y.) (quar.)-
;.'V
12-28 ;
37 %c
quar.)
(increased
payment
$2
When
Share
y Name of Company
Payable of Rec.
02 %C
Shareholdings Corp.—
$6 preferred
Great
Per >
Holders
November 18. 1946
'
Share
Transportation—.*—
*
Monday,'
,
.
$$t.I2V2
1
15c
,
16-3L
'
Volume
164
Number 4543
THE COMMERCIAL & FINANCIAL CHRONICLE
When
Per
Name of Company
.
Armour
&
Share
1
preferred
Associated
-
1st
7%
2nd
preferred
(quar.)
West Point. RR
Atlanta
&
Atlantic
Coast Lipe
(Conn.);
Coast Line RR., common
Atlantic
Atlantic
Atlas
Refining
Imperial
<Series
Co.
Gold
Mines,
Ltd.
$1.65
Gear
Avtauon
>
Avqn Allied
v
(quar.).
: 11-
12-
11-1^
Class
11-15
•; 12-
11-15
12-20
12-
12- 2
11-15
1
:
11-15
1-1-47
12-15
12-
6c
12-10
12-20
12-10 is.-.
Manufacturing.
Extra —...t
Baxlo-w
12-
;vt; ..-5c.
i.
aoc
12-27#
13- 2
Co.
15c
Barnsdall Gil
Basic
Bastian-Blessing
Bathui st
Beaunit
:
11-15
12-14
11-30
11-27
11-12
12- 2
11- 4
12- 2
11-15
12-
2
11-15
1- 3
12-5
$25c
t
35c
Extra
■:
50c
Beech-Nut:
Beck
11-15
7
40c" i
(year-end)
Rawer St paper, Ltd., ci. A -(quar.)
Mills,. Inc. ,;(quar.X—,
12* 1
12-
10c^
Co..
11-16
30c
.
Co.
Refractories
1
Packing
(A. Sj
Co.
(quar.)___
Shoe Corp., 4%%
$1
v',
Belgium
Ltd.,:
(quar-).
$1.18%
12- 2
30c
12- 2
(irreg.)
common
115C
(quar.l "J-
:preferred
fc
Howell. Co.,
:
U 2
.
\4Yi%
preferred
Beneficial
BerksWre
v-1-' 2
t25c
(quar.).
common
12-
12 Vac
A
„
.
12-16
(quar.).
12-
$1.06 lA
Corp., $6 preferred (s-a)
Spinning Associates,
'mU 3;'
fine
12-
;
1
11-15
.
Hills
Power
...
A
share
of
common
(Sidney) & Co.. (quar.)
Corp., common
ptefettred !(quar.)
r
Boston Fund, Inc. fquar.)
Hose
&
Rubber
Co.
Special
Bearing,'new
Brazilian Traction Light &
Corp
of
America
Celanese,
deposit "receipts
registered (final):
Brockway Motor Co
1.4,
12-15
11-29
12-24
12-16
stock
12-
Pulp
preferred
Ltd.
Sullivan
preferred
Mining
&
10-28
12-14
11-19*
2
•
12- 2
12-
ll-'*6
12-20
1-
2
12-
2
11-12
25c
11-30
U-
12-2.
10-21
11-7
2
12-
,1.12- 2
:^15o;. <>:
:
;25o
60c
-••$1
._4——.
25c
$I.12V2
$1.75
11- 7
11-
preferred
i 11-30
11-18
12-16
12- 2
10-3)
X
10-31
V
1
12-16
12-
2%%. )11-21
20c
(quar.).
(special)
15c
-v
: 12-
12-
2
1
A
Extra
»
common
(quar.).—
Breweries,
&
6 %
Paper
preferred
3% %
preferred
Common'(quar.)'
15c
1-
1
12-11
6%
12-11
Crown
Fairbanks-Morse,
12-15
11-30
"1-
*37 VaC
(quar.)
—
(quar.)
i——
1111-
..
.4 Va
First
Firth
1-2
12- S
12-23
c«
preferred
12-2
12-13
11-26
11- 8
12- 2
11-
$2 preferred
Crown Drug
co.,
,
^
1
common
,
1^-lH
12- 2
12-10,
Ir $
11-30 .
,
>
Crown Zellerbach
11-26
-
12- 1
^
.w
5c,
^
;
"
50c
^
...
^
;
2
11-15
Crum
12-
2
11-15
&
Forster
prefened
2
Insurance
(quar.)
Shaxes
4c v 11-30
—
;!:©v$i
11-26*
12-16
1.1-22*
$1.05
'12-1
*
$2
:
' '
$1.75
</>*
1
11-15
:il-
JI-IB
12- 2
250
12-12
:
a
11-15
11-30
9
12- 3
11-
25C
12- 2
11-15
11-30
11-16
$1
Syracuse
1- 2 %12-16
^4-vl,:fer::9-i5;:
$2.50
200'
/
v
'
12-23
12- 6
,
2
5
30
11-23
11-12
$1
$1.12 Va
%
preferred V(quar.)
——- '
v:
$1
York Corp., $2 preferred (initial s-a)
25C
Carpet Co., common (quar.)
$1.25
-preferred (quar.)—
————
11-20
11-
12-
11-11
7
.
(quar.)
(quar.)
Corporation
(M.
.
:
(irreg.)
—
(ouar.j
(quar.)
Company, $4 preferred
Hotels Company (s-a)—
11-18*
11-18*
'250
12-
2
11-15
12-
2
11-15
17V?c
•
—
13-
1
11-20
—
12-10 :
12rl6
'Mm*
;
500
12-10
11-30
250
12-2
56JA6
.12-
11-15
11-15
62 VaC
Works
4V2% conv.
Sulphur
12-
2
650
preferred
Pitt
Simcn,
1
1- 2
12-
:—
Stores, 7%
Bridge
*7
5
5
12- 2
Co., Inc. (increased quar.)
H.)
12-
$1.50
-
.(increased)
Publishing
Petroleum
12-
11-15
25c
12-
11-20
$1
12-
11-20
$1.75
12-
11-13
12-
11-20
;
91c
11-25
11- 9
:
25c
11-25
u- 9
30«
11
11.
—
(quar.)
pfd.
—
(quar.)
preferred series C (initial)
preferred A
159;
—
(s-a)——1—
preferred B (s-a)———.
—
Industries,:5% preferred (quar.)—/
Mills, 3%%
conv. pfd.
(quar.)
;
Corp.,
Brewing,
12-28
84% c
$1.25
12-12
|
u, ,
„
,1,
X-L
1-
1
1-2
25c
11-30
11-28
50c
12-25
10-
12-12
11-15
Co.
12-
1
11-15
'£ 5c
12-12
11-21
'
(quar.)-—------—.
50
12-12
11-21
37>o
12- 2
11-20
$ii
12-16
11-10
$1
12-16
11-15
$1.25
12-16
11-15
—.
——
& Rubber—
(increased quar.)
Tire
v
A
B
:
•
W.)
Co.
Incorporated,
preferred (s-a)
Graflex,
,
5%
Union
Grand
Lakes
Great
Great
Northern
5'/2%
5Va%
Griggs
convertible
convertible
Cooper
&
12-26
12-9,1
preferred
preferred
(quar.)
11-15
11-
80c
12-
1
11-12
12-
1
11-12
50C
preferred—.
com
12-14
12-14
12- 2
$2.50
Brewery,
Co.
1-16
(irreg.)-
(quar.)—
(quar.)
'
12-31
$12VaC
common
Co.,
Ry.
a
$12 VaC
—
(year-end)
Company
(special)—
Plating
(quar.)
Griesedieck-Western
40c*
$1
(quar.)—
(quar.)—
(H.
(
8
t'Ac
Co.V Ltd.—————L-—————.
;
12-15
—
Special —
$5
preferred
(quar.)
i
Golden State Co., common (quar.)————
/ 4%
preferred
(quar.)————
Gordon Mackay & Stores, j,Ltd.—
Gossard
12-15
1-15
150
—1—
f
6
11-19
$1.75
■■uuujinmwi»«
RR.
Brewing
r
1
76c
]8
Globe. Oil
1-
1-
15c
:
8*
11-14
2- 1
.
,250
common
class- AL»—r——-
12-20
11-
1
12-10
50C
common———*-
(quar.)
Outdoor Advertising,
I
12-
$1.25
•
preferred
Class
.
11-15
B
.11-15
500
'
6
11-24
12-
11-18
1
12-
$1.26
fee; JAO'"
1
12-
750
:
.12-20
12-16
11-20
12-
-; $1.26'
tquar.i
n-ia
12- 2
12-
Common
75c
10c
1
'.
11-12
11-27
•
12-
Goodyear
50c
.
(quar.)
Corp.—
25c
1;
1
12-16
750
/
V
31-
7
12-
Class
11-
11-15
12-
7%
1-
11-30
*25c
*25c
Forster,
11-15
—
,
v
Goodall-Sanford, Inc." (quar.)—————
11-12
J12-17
8%
&
12-12
V.,;; ;* ';
12-31
Crum
(; 12-15
'12-16
Goebel
^
11-13
11-13
11- 8
preferred
*25c
3-20
'12-16
:;tiV Extra
11-15
12* 1
10-31
2nd
11- 8
■
2
12- 2
11-22
convertible
,
"11-18
$1.50
Coal
$4
11-25
10%. 'H-y.o
& Banking Co. (quar.f
Gerrard (S. A.), preferred (s-a)
Gillette Safety Razor Co., (quar.)
2
12-
12-16
28VsC
12-
$1
Crow's Nest Pass
11-
75c
30o
CldrSS
12-2
*$1.50
10-31
12-20
11-15
20c
Georgia
11-13
(quar.)
11-30
12- 2
1-1-47
4-1-^7
—
"
Extra
Co.„ Ltd. (s-a)
preferred (quar.)
2
II-22
12-16
25c
?*n
"
——————-—-
General
11-15
11-27
5c
llr21
12-8
'
$2.50
Genesee
:11-15
-
*20c'
61.50
< 12Vic
&
$5
,11-15.
ypf
25c
• 12-23
■f;- 75c 7; 12-23
11-12
11-16
General Motors
•
•
11-12
2
12-21
250
11-29
6%
2
12- 2
:<
2
12-16
■
General
11-15
.11-26
*$1.25
lincreased).
Corp., $4.20 pfd.
$1.75
General
12-15
1-
12-
12-
$1.60
(quar.)
8%
12-15
11-15
11-30
40c
'*
-
:
25C
4%
ji-25*
11-15
1-17
$1
?
(year-end;
11-27
General Finance Corp.—
-
40c
't
common
12-16
12-ro
Trailer, common—
——.——
4% • preferred (quar.)————General Cigar Co., 7% preferred (quar.) —
General Dry Batteries, Inc.—
11-25
11- 8
11-30
10-30
1- 2
12-13
,11-20;: 11- 4
& 11-20
11- 4
: l^r31
.12-13
12-20
12-13
50c
$1.13
20c
,
f
(quax.)'
Company,
•12-31
Fruehauf
,
2nc.
40c
\
1
(quar.)
$62*iC
3,0c
".
11-15
Freeport
11-15
1- 2
.v.
A
11-15
11-20
11-30
Franklin
.
(quar.)___.^
class
2
12-10
(quar.)—i—
Ford
11-8
*50c
*
Capital Corp.,
12-
50c
divio nui
Fort
12-16
50c
*50c
$1.12 Vs
li—
15$
BOO
Flintkote
,
2
1- 2
12-10
12-16
(quar.)
/V":pxtra
'.-V
12-2
>
1-8
1-
11-21
•'•156" *12- 2'
Vic
Fitzsimmons
.
11- 8
•
75c
Fishman
12- 2
2
2
preferred
"56"
II.-15
933Ac
!—I
1-15
$1.50
Firestone Tire & Rubber, common (extra)
5
2
(
_j
1-15
-
-
11-15
11-23
$1
1
12- 2
2
750
•
5
i
12-
12-
W
$2.50
:
Works
12- 1
1- 2
1
1
1- 2
*25c
Bake
Stream
.
Croft. Brewing
2-
2-
*25c
(quar.)——
Screw
*60c
(quar.)
Corp.
11-16
&
:
1
11-16
12-14
/
(quar.)„
Extra
?
•
Brewing
Y.)
11-
2
12-14
$25c
Federal Manufacturing & Engineering (quar.)
12-10
12-
*50c
J25C
RR.
Field
75c
preferred
•
(quar.)
l stock
Federal
> ;
Co.—:
convertible
12-31
————
class A
Ltd.,
I.1-15
(quar.)
*25c
com.
Ltd.
& .Sexton
Crown Cork & Seal
12-20
12-20
t$l
(quar.)
Co.,
Crlbbeu
Co.,
12-15
25c
.....
Paper
Corp.
$25c,
-
Co.
11-15
1
12-31
,
$1 preferred
Federal-Mogul
12-
11-15
10-31
12-
•';v*25c
Quarterly ;
|6
J
55c
2
11-23
12r
2-1-47
:
Shops, Inc. (quar.)
Federal Light ft Traction—
2
60c
6
2-1-47
————————
Racing Assn.,
Federal
11-22
12-15
11-20
*25c
(quar.)
11-15
*$1
jt,.
Co;
12- 2
$$1.50
11-26
11-21
$$1.20
(quar.)
*$3
(quar.)
11- 9
1-25
N.
11-22
12-
12-
$87ViC
—
Farmers Si Traders Life Insurance,
■i■
12-13
12-16
$300
—
$1:12- 6
2
*$1.25
Air
Faistalf
11-15
In,c.—
j.i.:.....:
2
I-1?
11-19
.•
2
100%
Corporation, $3 conv. pfd. (accum.)
Co., $5 preferred A iquar.)
Excess Insurance- Co. of America—
Faber Coe & Gregg (quar.)
—
Fair (The).
—
:
Fairbanks Morse & Co. (year-end)
FaJardo Sugar Company.—————
11-15
$t>
1-
12-
Ltd.—
-
5%
Manufacturing Co. .(quar.)
.Company, common (quar.)
*.
Extra
12-
4i5c
(quar.)..
-
11-15
1
7
15C
Equity
11-15
12-
vr; $20p
25c
i.
12-10
2-
45C
62 Vic
Corporation (year-end)
Ely & Walker Dry Goods (quar.)
Empire & Bay State Telephone—
4%
guaranteed (quar.)
Empire District Electric Co., 5.% pfd.
Erie
11-19
<
,iyear-epa/.r
Co., Ltd.—
Company
$1.25
(quar.)
11-
yi- *
-
Al* 1
12-1
20c
"pfd., (quar.)....
Box
11-25
Electrolux
2
56 Vie
(quar.)
9
-
Electrographic -Corp.
t; i-,'
isc
15-22
*$1.75
Ltd.
■'
,
Coror * Incorporated. {increased quar.)
11-18
'
Foundry
iquai\)_£:
:
v
—.
12-20
$1.06 V»
commovn
■,
(quar.).'
common
12-
—
Manufacturing
Eddy
y
...
Co.
preferred
prior
4Vj%
X
2
50c
Cromptpn & Knowles Loom Works—
(quar.).!.
2
12-
12- 2
.
,
Extra
$3
Crane
„
2
12-
5Qc
^
,
$1
6
12-
12- 1,
12- 1
50c
(quar.)".
Co., pommon
132 VaC
iv:
2
,,
30c
Assurance Co. (quar.).
r.—
30c
:■# Extra^soc
?r
;
12*
u-A,
.
29c
75c
Extra
f
11-25
12-
12-10
25C
.
preferred (quar )
Eastern
Utilities
Associates
11-12
12-16
2
(quar.)
$1
12-16
,
1
1-
1st preferred (quar.)—
.6%
iiria
12-16
2
3-
75C
Eastern Massachusetts Street Ry. Co.—
11-15
$
11-14
12-
76c
—
common
(Quarterly
12-16
40c
Casualty
11-30
37V2C
Ltd.- (quar.)—
Electric
Eastern
12*
Continental
Can
12-16
Lines, Inc. (s-a)—*——-.
Eastern Magnesia Talc Pp., Inc.—
12-16
Power Co., $4.50 pfd. (quar.)..
Container Corp. of America (quar.)_„_
?
Extra
;.
^0-
Continental
5
11-30
$7 Vic
Drug
Eastern
11-12
12-30
...
York,
11-
12-16
•
'
'
2-7-47 k
12-20
25c
-
New
pf
6
11-20
-
Consumers
Con ugated
11-15
"-v.-
,
Cpnada Wire & Cable, Ltd., class A (quar.)
Class
Edison
11-
—
E^st St. Louis & Interurbari Water Co.—:
6% preferred (quar.)
—«—
7% preferred .(quar.)'——T-—
11-19
Textile Mills, pfd. (initial s-a)
Consolidated Water Power & Paper Co.— "
:
10-16
11-12
U-12
12- 8
:
(quar.)
Canada, Ltd.—:
Co.
11-it
36c
Bradstreet, Inc. .(quar.)
Dunlop Tire & Rubber Goods Co., Ltd.—
5%
1st.preference, .(s-a)——
Eagle-Picher Company
12-10
Crampton
.
common
i%" preferred, (quar.)
Canadian
*
2
12-31
Dow
11-15,
25c
—T;
Biscuit
11-11
I
> 50c
Investments, Ltd.—
(accum.)
Stores,
Coipmon VTC
Dumont
12-31
12- .2
(quar.)..
...
Continental Gin Co.,
Cook Paint Si Varnish,
11-15
;/ 1-31
Elevator, com
2
11-20
Dun Si
j$7%o
Extra
V-12-1
12-
;
,
12-. 2
87V?c
Consolidated
Laundries
Corp.
(quar.)
Consolidated Press, Ltd.; class A (quar,)
Consolidated Textile Co., Ltd.—
Common
(increased)
1
11-
.
;
1-18
11-15
12* 1
.
Quarterly.!.—
Continental
11-18
12-la
(increased):
Canada Northern Power,
Car
X
'
pref.:, (initial quar.)
Canada Dry Ginger Ale,
Canadian
v
12-10
T25©
Quarterly
Canadian
-
11-30
t$3.50
i
.
'
12la-
35c
.(quar.)
(quar.)
$1 preferred (quar.)».«..i.——
Donohue Brothers, Ltd.
(quar.)
Douglas Aircraft Co.
(year-end)
Dow Chemical, common-^——
$4 preferred A (quar.) ————.—...
,■
$3;>
$2bi>..
Company
t20c
($20 -par)
11- 8
11-16
$13.20
.
Q|uaiiterly->w^^-._v——
Consumers Glass Co., Ltd. * (quar.)..__.
7
Canada & Dominion Sugar Co., Ltd.—•
$4 .25
-
8
12- 2 :
11-18
:
1
t>uc
.Extra -.
:
llr20
11-22
Consolidated
117-7
11-15
25C
25o"
87%C.
...
(year-end)—
„
A
12-2
-
(qUar.)
Power,
Corp.
11. j—1—
jannual)
12-20
(quar.;
(quar.)
preference
Eaton
(quar.)'
Power
Consolidated
•
1- 2
&
preferred
Consolidated
11-15
11- 6
:
Mills
12-2
20c
-
Connecticut
11-29
1-19
Dominion Tar & Chemical, common
'
12-16
Malting,
preferred
5 %
11-15
i
Consolidated Diversified Standard Securities,
Ltd.," $2J,Q non-jcum,
pfd*
?(ip.cr,ease,d
■
12- 2
87 VaC
(Holding) •: Ltd.—
piieference:(8-a)i_
-
broadcasting System— |
A
12-20
Bridge
Dominion
■
w,
v
2
12r 1
60c
(quar.)
Quarterly
11-15
12-16
;
$1
25c
50c
uo.
1
Dominion Scottish
11-22
,'25c
,
Coniederatiqn Life Association (TQrontpj—r
Quarterly ...—
Connecticut Light ,:Jlt Power-—
:i
'1
$2.40 preferred
(quar.)..
11-15
12-
/-,-$l '•
Campbell Wyant &'Cannon
Canada Cement Co".,' Ltd.—New
10-31
13-a
•
(s-a)'
Cotton
5c
8%
12- 7
;$l:-v',::12-16 $1:50
■)2-16
International
Consolidated Bakeries of
yj
Wireless
Electric
11-15
50 c
Water Company,' 1%
pfd. (quar.) —
Butterfly Hosiery Mills Ltd., common (s-a). '
California
11-30
12-16
J25C
"Buildifigs, 7% pfd. (accum.).
California
12-10
)
1-r 2
12-2
,
.
$3.75
..
(year-end)
: Class ,• B
(year-end)
Commercial Shearing & Stamping..........
Commonwealth Telephone Co.—
II-20
$1.25
Butler
&
12-10
'
——
1%' preferred
1-16
$1
...
CaHe
■:
Class
12-
Co., Ltd. (quar.)
Envelope
&
Cartons
(Western)
7% preferred (quar.)
—
"Ltd.;
,
—.—
1-31
12 VaC
2nd preferred-(quar.)
preferred
$1,1214
quar.)
'preferred (quar.)
$2.20
:
11-15
12 VaC
'.
common..—...
(initial
preferred
Columbia
Yards
Anglo Investment Corp.,
preferred
(quar.)
Dominion
11-16
& Aikman Corp.
*
Colonial Stores, Inc., eommpn (increased) —
Extra
4%
preferred (quar.)...1^...—^..—.*...
11-22"*
2
12- 2
11-25
(year-end)—
Burroughs Adding 'Machine.
Burton-Dixie
Corporation (quar.) —.^4^-
i\k%>
12-23
I-8-47
"
(quar.)
Brothers,
^"-1-15
$1.20
—.^.—4..#
Extra
V
^
Concen¬
preferred (quar.)—.
Butler
11-15
lie
...
12-10
(quar.).....
Confederation Amusements-8%
participating preferred (s-a)_.
11-15
12-
.
12.^0
Class. Ar
$3
12-15
Dominion
25ft;%llr25:;'X;;llr OXi
12^c
13-10
11-16
....
$5. preferred
'
2
80c
—
Extra
BUsh Terminal
1-
11-26
$1.25'
Pi-oducts,' Ltd,
conv.
"11-15 ?
>11-26
$30c
■-!■&}
,
(quar,)
Bullock's Inc.: (Los-Angeles) —U-—
Burkart Manufacturing Co.—
New "common
(initial)'
Burlington1" Mills Corp., common (quar.)—.:
3Vt%
2
1-16
2-25-47
93%C
:->■
(quar.)
4% -preferred
V/2%
t
25c
trating
(quar).;
Extra.i.—-4—
Building
J
11-25
2
90c
...
BriinsWick-Halke-CoUender Co.
$5
10-11
12;
2 VaC
Inc: (year-end) .j.i—.u...
Si
*
30c
(quar.)..
Company.....^
Colorado Milling
$1.12 VJ
Y.—
N.
&
Dominion
•
,
;
12- 3
12-10
m $25c
...
MachineCo.—
Fund,'
>
50C
...
Hill
-
12-
^ $'1.5
(quar.)
Mills, Ud
Buckeye' ihcubatotf (quar.)....
Buckeye Pipe Line Co.
:
Budd Company; $5' preferred (quar.)^i^.a4w:
Bullock
11-15
50c
Silk
Bunker
11-15
12-20
93 %0
;
is Paper' Co.,
11-27
15c
Columbia Baking Cp., new common (extra).
New $l" participating preferred ,(extra)—
10-31">
11-25
8%
.
&
11-20
1-2-47
ordinary
Manufacturing Co.
Company, common
12-11
12-10
$1.12^
r«ck»nutiiiRh,'w
Ltrt"-- <-g-a
Colgate-Paimolive-peet Co.—
»:
62 VaC
$3.60
preferred (quar.)
Bruce (E. L.) Compariy, common.—.
Die
>
12-11
.::$$!'.
••
v
;.
Buell
12-11
2
50c
(initial)..:
(quar.).
3%%
2
$1.75,
Brown-McLaren
Bruck
11-15
2
1-
60C
>■
Shoe
>
712-
IOC
it
Brompton
11-12
2
of
Stock
dividend
v->6%
\
,
■■
40C
87 VaC
Brown
*
.
..
$3.50
20c
-
(Extra
i-*r47
*
-
Collins
...
for
'
II-18
Ltd.—
American
11-30
11-20
Class A>(s-a)—
,
Power. Ltd. (s-a)
(quar.)
12-14
15c
preferred; (quar.)31V4C
Company
(quar.).w
75c
Coca-Cola
■'
$1.50
Bristol- Myers Corporation, com,,(interim)..
33A%
participating preferred (quar.).
,
Bfitiap
11-18
12-16
(quar.)..
com,
Stock
X:
11-20
)
^
Roller
1
1st,
12-23
11- 8
35c
Dominion
&
Coca-Cola
:
11-20
12-
12-16
56 V4C
„
11-15
Counties Gas (k; Electric—
6%
:
„4.
BlomeAthat
Woven
12-1
15c
..aoc:
.
or
Coast
'
Borg-Warner
'
11-15
..-^.4^..
.
Brewing
12-1,
11-15
.11-18
(reduced)
common
2
B
11-30
r
,
.
11-15
30c
12-
11-30
12-23
'
12- 2
v
Match Co.,
common
participating preferred (s-a)
Disston (Henry)
& Sons (quar.)
Dixie Cup Co., common
$2.50 Class A (quar.)
Dr.
Pepper Company
(increased)
Doernbecher Manufacturing Co.—
New common (initial quar.)
■
Pittsburgh RR.—
t)
'guaranteed '(quar.)$7V6c
4% special guarapteed...
;
6O0
2 :
12-1
$1.05
r
New
1-
11-15
35C
(s-a)
Supply
.'v/Uo.. JL2rl4
preferred
Cleveland
11-15
2
12-16
;
cash
12-
$1.50
Company—
preferred (quar.)
Block Brothers Tobacco, £%. -pfd. (quar.)
Blue ptidge Corp.— ,•••
•
►
Inconvertible preferred (quar.) (optional)
Bower
11-15
Lines
Union
11,-29
5% preferred series A v. t,. c. (resumed)
11-15
2
20c
convertible
Boston
12- 8
2
$1.50
Light,-, com. (quar.)
iqnar.)
^■
BUsfc (£,* W.)
75c
2
12-
&
year-end
$3.25
112-
87 VaC
...
"
11-20
1-11-12
50c
$1.75
:
Birmingham Water Works, 6 %■ pfd. (quar.)
Black-Clawsoa ' Company,
common
(quar.).
8% -preferred
(quar.)
:
Black
2
MQ
Carpet,
common
(quar.)...
;
Birmingham Gas Co- ^;
$3.50 prior preferred (quar.).
preferred
$4410. preferred
Blaw-Knox- Co.'
12-
$1.50
Bigeiow-Sanford
$%
12- 2
$1.25
...
2
$$2.50
(s-a)__
6%
11-15
$1^15
_T
T
/•; 15 conv. p/d. (quar.)
Bethlehem: Steel dorp, common
7%- preferred. (guar ); ■
v,r. ;,
12- 1
.
11-20
1-
Canada—
of
7% preferred tt$uar.)—
(quar.).
Hudson Co. (quar.)—
&
Air
Class
..
I-15
2
12-
*$5
Corp.
Diamond
V
11- 8
—....—...—
12-16
11-15
1-31
;
sue
com...
;
1
1
Chrysler Corporation"
75c
12-14
Cincinnati Inter-Terminal Railroad C.O.—
4%
preferred (s-a)$2
2-1
Cincinnati Milling Machine, common...
35c
12- 1
4 %
preferred (quar.)
$1
12- 1
City pf New Castle Water Cp.—
6% preferred <qui$r.)
ii
»
$1.50
12- 2
Cfty ot Paris Dry uooas-—r
*
-1st preferred
(quar.),^...^..^,...^ » $1.75 Jl-15-47
}7* ;2n4. prftfflrri>d Y«.a'):
:, _lt
l-2r47
City Water of Chattanooga—
6% -preferred
(quar.)...
!
$1.25
$2-1
Clearing Machine Corp.—*
•
5%
...
Chicago Yellow Cab po. (quax.)
Chile Copper po..,*—
:
■
Bell
12-
.
C
11-15
Derby
11-15
7% preferred (s-a)
$3.50
Chicago Corporation* $3, pref. .(quajC.75c
Chicago & Northwestern RR.—
n
11-18
pfd.
$4.50
12-
—
>(quar.)i.4i----«-ii^^-,
Chappxan yalve Manufacturing—"
-
11-15
Manufacturing Co. (quar.)........
Glove & Hosiery
Co. of Canada,
Belden
11- 9
9.0c
.
r
11-18
*37ViC
$17 V2C
Securities
&
1212-
(quar.)
Oil Company
(irreg.)
Dewey & Almy Chemical Co., common
?
11-14
50C
Company,
preferred
Dentist's
11-15
12- 2
12- 2
Ly ,,
V'25o
Cnampion Pnper & pipre, ney poftK. (lpftial)^
Extra
12-17
12-
.11-30
< V
11-12
12-31
75c
ooc
4Va % -prior pref. •<
Belt
Delta
11-9
11- 9
1
,11-25
-
10c
;
:
11-23
15c
$1.25
v
Chain
20c
....
11-23
,
11-30
25c
...—
11-30 A 11-15
.
75c
12-15
$25C
&
4V2%
•11-15
12-
60O
(quar.)
preference
Deere
1-
$1.75
-
Denver
25c
Aircraft
—
Derby Gas & Electric Corp.
75c
(quar.).,
Certam-teed Products—
.
11-18
(quar.)
6
-
12-10
50c
conv.
(initial)
common
Cessna
(s-a)
...
6%
2
12-
prior pfd.
11-15
„
(quar.)
11-
1
-J.
1- 2
(s-a)
(quar.).
11-23
750
common
11-30
,
11-15
1-7-47
6J0C
Seelig Manufacturing Co., com...;
tlM diss A ■ (quar.)^
—:—•;
Co.
11-15
75C
60c
Common
11-15
12-1
15c
.1
87V2c
Common
5%
2
1
11-
(quar.).
pfd.
*75c
,
—
Tractor
'
Delaware
.
Centra) Violeta Sugar Co. •
SUftss 7%c Duban Tax .
Century Rjibhon Mills : (quar.)
■■.,'Extrk
12-10r:
1-2-47",
of
&
,11-15 '!
)>
. ' <
preferred
•
Barcalo
11-20
Foundry,
-New
:
11-15
11-25
10c
8%c
»
*$1
Central Ohio Steel Products—
12-21
25C
(year-end (_.
11-20
B
3.6%
:
"
America
12- 1
<;
pfd. (quar.)
Central New York Power, 3.4u%
pin. iquar.)
Central Ohio Light & Power—
>
0
$1
Barber-Ellis Cp. of Canada, Ltd.—
v
Jfljcreased quarterly
..........
*25c
Centra* Arizona Light & Power, com.
20c
Co.
12-
11-25
-
B
Debenture
11-25
12-16,
Central
luc
6%
preferred
(quar.)
Bankers Bond ja Mortgage Guaranty
12-15
*20c
11-20-
112-
Class
V*-Jf
*15o
Caterpillar
11-20
12-
•
11-21
12-15
Payable of Rec.
Share
'
Cushman's Sons, Inc., 7% preferred (quar.)
Davis Leather Co., Ltd., class A
(quar.)_—
11-1
12-20
.
■
Publishing Co.,
—
1
(quar.).
RR., 5%. 1st preferred
2nd
preferred: (s-a).
5%
t-
II-
.
*15o
Catawissa
> :
(Mo.)
Curtiss-Wright,
Class A'
1-.;. :
^
.
12-
:s.'u£i be
*2c
L.ua.—
Co.
Mfg.
Curtis
:
12-2
$1.50 class A (accum.)—
Carmap & Company, class A (quar.)—.——.
11-30
-
•41V4C
ii-vBaltimore porcelain Steel, 7% ptd. (quar.)_.
Baltimore Jiadio Show, common (quar.)...;;
oy„
3
11-26
11-15',
50c
: 1
(quar.)
J50C
Mines, Ltd. .(s-a)
JLauip
11-15
12-10
11-30
s
12- 2
Oil
25c
common
Gold
«
12-
:i
a 12-16
.X.
t i
Curtis
,
5-31
I
v
*50C
Cos., Ltd. (extra)
Canadian Tire Corporation,
Ltd. (quar.)
Canadian Western Natural .Gas. Light Heat
•Si Power,
Ltd., ordinary
Canadian Wirebound Boxes, Ltd.—
12-30
7-
■.
.
2
2-28
(quar.)
.Class B
11-21
25C
Bagley
Building Corp
Baker-Raulang (s-a) t
;
12-16
*75.C
12-
1
-
.
—
Motor
A
25C
(quar.)
Corp.
Class
J5c
-V
Avondale
Mills
(monthly)
Monthly _1—
Badger Paper Mills
Barber. Asphalt
canaaiaa
t 11-15
25c
(quar.)
common
Products
:> 11-15
12-12
V
r':-
Ltd.—
Co.,
4-
,'V.
Canadian Malartlc
12-
12-12
40%
pfd.
conv.
preferred
corporation,
6
■?!.
50c
(quar.)
Works,
convertible
8
50C
......
6% preferred B (quar.)_
Preferred C
(initial)
:
Automatic Canteen .Co. of America
Automotive
; 11-
12-12
§8^0
]£&&&
...
series A
(s-a)
2
•
Canadian
Co. (final);
5%
B
8
$1
Atlas Tack Corporation
Autocar Co.,
Class
11-
'
A
Austin Motor
(s-a)
2
Alcohol
1- 2
*75c
„
;
A
Company
Holders
When
Per
Name of
Cudahy Packing Co., 3Va%
*75c
;
Industrial
Class
Holders
Payable of Rec.
Ltd.—
Quarterly
Canadian
12-
37 Vac,
Engine—
Share
;••••.
Corp.,
;;
8
$2
preferred, (quar,)
Atlas Powder Company;
Aunor
11-
$3
;
(quar.)
Diesel
2 ?
12-
$1.50
$1.75
v:
11-30
>12-
40c
::
Quarterly
2
:
Investment
—'
Quarterly
12-14
93%c
„
12-10'1
11- 4
1-
25c
(irreg.j
Foreign
11-30
$1.50
(quar.)
Dry Goodg, common
preferred (quar.).
6%
'
if
When
Per
'y:, Name fif Company
..
Canadian
(111.)—
$6 convertible prior preferred (accum.)
Armstrong .Cork Co., common (interim)
$3.75
Holders
Payable of Rec.
Company
2587
;
250 :
11-29
11-15
11-
7
8
:;. '10c
; 10c
r*- 2
12-20
1- 2
12-20
$1.50
'"
12- 9
11-
8
12-18
12-
5
12-
2
11-15
3-
1
2-14
)2- 2
11-20
: "•
$1
34%C
34%C
25C
-
■T*
•1•
,
• • |m«
(
vhwwiui '. 'ti, n
.
\». .•>"'<
• i
:« /■:
<
_
,,v.
r
fim
'<
,1
Monday, Noyemlper 13, 1946,
THE COMMERCIAL & FINANCIAL CHRONICLE
V
(V.-f* fl
V t\ I
1
A J'!
2588
.1-1
-■ cY
t
•
J
.Vfl
'
1
■-
••
■
Per
Name of Company ;
;
Grumman'. Aircraft .Engineering
Gull
oil
Corporation
(quar.)
Payable of Rec.
60c
.
___
11-29"
*
fiame of Company
,
_—_
HacKensac^ Water. Co.
HaJoca
Haie
(increased)—
Mines,
Hamilton
%%
(increased quar.)
Stores, Inc. (quar.) Ltd, (year-end)
Cotton
Hammermill
Ltd.
Co.,
Paper
Co.,
.
85c
Corporation
Brothers
Hailnor
4
25c
__
11-15 :
(quar..)__
common
12-
/
11-11
12-14 "
12-18
11-22
7.$4.. • preferred
7
11-15
12-16
11-30
11-20
M3
L2-JJ
"Z-zx
Lee
$1
-
—-
Class B
__—
(quar.)-
Extra
;
$//
—
,
'
12-1
■
Class A
(stock dividend payable in A stock)
Class B
(stock dividend payable in A stock) 77/; 3%,
3%
■
I
11-15
11-15
11-30
Harniscaxeger
Corporation, common
15c
(quar.)
National
'11-
9
11-
9
;s;
12-
2*
4
Hawaiian
Co.
(Irreg.)
Americ»_____,___
—
Additional\'-----^--v--»---^--1---a-.-,-^--.
Hazel-Atlas Glass Co.—
<
>
New
ox
■
(initial
common
Hendry
Heroines
quar.)-—,
(C. J.) Co,, 5Mx% preferred
Cement Corp., common
Chemical
(quar.)
Corp.,
3%% preferred A (quar.)
Hibbard, Spencer & Bartlett & Co. (monthly)
:
6-10
11-
kittle
11-30
11-30
11-14
/
11-29
:
U-19
*\,adio
'
Class
M
rjflRs
Lock Joint Pipe Co.,
11-14
Lone
11-21
Star
Gas
11-
9
12-
1
11-15
12-
$1
12-iu
11-30
12-
2
2
i
(quar.)
"12-
1
20c
S./,;
$1.25
25c
(year-end)-^—
12-
,
S3A %
1-15
12-31*
Lynchburg & Abingdon Telephone
Lyon;/Metal Products
(quar.)
preferred
(quar.)
——.>—»933/4C
Houston Legating & Power (quar.)
90c
Howard Stores Corp., common (increased)—
" 37V2C
"" Extra
..——I—
500
4% % preferred^ (quar.).^j——$1.06
^
Huasoa Lay Mining & Smelting
Co.'. Xitd.—
.■t: Increased —-w——$75c
.
12-10 /
Motor
Car
Illinois Municipal
i.j.aaAai',;
-New
VO.
(QUai.)
12-
Business
lute, r^nwnal
Educational
0 4'/2% preferred -(quar.)-.;
12-1
.11-19
11-2U
ZOO-
International
Products
International
Silver
12-
'
12-11V
11-27
2
12-10
11-21
12-16
.
,/ 1-15,
convertible
11-22
1-
1-
12-
2
2
12-
;
12-
''(quar
11-15
12- 2
11-15
12-
$i
International
Marine
Extrn
v
:
Extra
11-13
11-13
Merrimac
2
11-15
2
11-15*
Merritt-Chapman & Scott-— - - -— * ~
•
~
6V2 % preferred A Xquar.)_i_i__w„-_^__;_;,
Metal Textile Corp., $3.25 partic. pfd. (quar.)
12-12
12-2
1Z-16
lz—
2
Metal
•
12-16
11-29
12-16
11-29
12-18
Hat,
8%>
preierred
II- 9
11-30
$1.25
12- 1
11-15
Mid-Continental
60c
12-20
12-
10c
12-12
11-29
$1; prior - preierred
Midwest Oil Co,,, common
•
50c >
1-
6
1-
$1.25
2
6
12-
4
^
12-21
11-30
12-16
12- 2
11-15
11-
Petroleum
12-2
12-23
12-
Stock
.
(subject
dividend
(Irreg.)
to
•
Kress
40c
'
stockholders'
Company
—
6%
1st
common
50c
preferred
"(quar.),,-,
72nd preferred
Kut
Salle
50c
—J
6%
ptd.
,
n;
8
Lake of the
Common
(increased
Extra
11-15
:
11-15
12-
11-
1
77 1-
4
1-14,
si-
12-14
11-15
12-14
11-15
12-14
11-30
Go., common (quar.)_____
7
5% - preferred (quar.)
Modern Containers Ltd., class A (initial)
Mohawk • Carpet
Mills—
Monarch Knitting Co., Ltd.,
6%
(irreg.)
___
11- 9
Mount
1-15
12-16
11-20
-
25c
12-2
11-30
-
11-
8
11-15
.
1-
9
..
7
12-1*
11-15
12-2
11-
12rl4
$43 Vic
12-14,
':
12-14
$2.
i
11-30
$1
12»2
31-15.
Fuel
12-10
.
>
11-15
12-
9
12-16
'
12-
11-30
$1
>
11-15
2
guar.)"——————
(quar.),—7—
$40c
—J,
12-2
11- 1
$40o
11-15
10-22
$$1.75
12-2
11-1
'
*
,
Murphy
(G..C.) Company (quar,),——.,
Muskegon Motor. Specialties-^
.;./!
$2 class A (quar.).
'
ZIVuC
11-30
>
11-15
12-2
11-30
v> v. '•
U* •*«>>
.....
''.w
12- I
II* 1
7:}}^:
11-29
12- 2
11-15
12rl6
12- 2
25c
Hosiery Cp.
(initial).-—50c
(increased quar.)
40c
,
,
.
12-5
11-13,
.
$1.50
Chemical-—
(quar.)
Co.
7 \
(accum.)
6%
11-15
7
b*: :>■)'$
-
■
$1.25
—j—.—
.
-
•,
7
.
*,_V.; ■
(quar.) —
_.
-
-
...
■
£
Power, 5%%
(quar.)—
V'T-. ' **- fv' * (* *7
-
.
•
.if:'!***
■*£"
J.' /.■ .f
11-15?
.
*;•-
'1R
.
;:":L
^
::
12- .I'- ;-11-15'
:
:pfd, (quar.) .7
mr+yrKcr'^'ift*
•
n
n
•; j+s
v
r25C
B
preferred
,0
/
1.1-40.
2%
12-20
11- J*
25c.■ 12-20/ .11- 7*
class A preference
•' /•
12- 2
$1.37% ,12-'2
7
(stock dividend)
Company-r-i: 7.7
7Class
11-15
-
-
Potomac Electric
60c
92%o
(quar.)_____—___«^—,
convertible preferred
Poor &
7
•
'
C
Pittsburgh Steel Co,—
5V2% prior preferred
'
$2
7
Suburban
Plymouth Oil
'/'Quarterly
11-15
11-30
lWf-"
(quarx)^-,^--.^^^*~-U v^vi2f^ 2^*^'. 2-5-47 pfd. B (quar.)
$1.10
12- 1
11- J
.
11-15
$2-
11-18
11-15
12-14
4-1-47 3-15-47
60o
,
American
$5
11-18
12-14
$1
(guar.)7
Pittsburgh Coke &
12- 3
}}"-7.
#11-30
11-30
11-20
Co., Ltd.—•
:
7;,; v*
deposit receiptsi,for iOrdlnary
7
7/
/,
registered; tinterim) _—<
7 JJ"1®
Pltney-Bowes (increased ; quar.)—.——
l /ir ' 7, on
,^
77..-Extra.
i
.
.i,.10c . 11-30
11* 9
Pittsburgh Bessemer & Lake Erie.RR.—
-a
•
,-v -v'Vc'
k,//, 6% preferred (sra)
r~
•1
11-13
30C
'fe
.
v
11-22,
12-3
30C
<7:/7,
r?*-.«
11- 7
:
'
1c
Supply—
Corp. (s-a).
Muncic Water Works, 8%
nrefcrred (quar A
Munson Liner Inc., $4 preferred A (quar.)—
*
$4.preferred B (quar.)____————1."
$4 preferred C (accum.),—
:
11-26
J1-90
30c
11-20
/11-20,
Pinchm Johnson
/
>
11-15
>
11-15 ;
,
Pilisbury Mills, Inc., com.
k
$4 preferred* (quar.)
:
j
;.
9
25c
Producers
12-16 .
12-27 ; 12* 67,
.?•!.
Phoenix
!
11-15
J20.
11-15
11-29
%
—___________—-—25c
12- 2 -y 11-15
Water, common— >
20c / 12- 2
11-13$
$3.65 preferred (quaij.).,™.^--—7 $1%0 u 12-, 2
v 11-12 *
Phillips Petroleum Co.. muar.——$7
0e 7
,h:
>
11-30
1
7; $14C ;
>
Company
Philadelphia
11-30
1*
12-1®
11-20,
-
preferred
Quarterly '■
11-22
1-1
$$1.25:
7/
12-23
12^2
12-2
12-14
^i- ,2
7:-;7Extra
7
12-20
2
12-
$25c
$15C
?
^
<
11t15
$1.25
11- 9
31-15^ :
12- 2 </ 11* 17
12-10
12- 17
11-25 £.11- 4 «
11-27 ,11-21
12- 1
11-15
Co.
BhiladelphiakElectric/Co.;, ccmmop____-_"_/._;";7;';.7.30C •. 712-31
$1., preference (quar.)
25c,. 12-31,
Philadelphia Suburban .Transportatian-r$77-7$:77;.. ;-:v/7,_-
11- 8
11-15
1c
Mountain
'
11-29
12-2/7
Mining & Development—
*_
Mountain
<•
11-29
12-lfi
7:/ 25c
11-12
1Z-23
Diablo Oil
Quarterly
i:
11-15 w'
,25c
(increased)
Ry.
/.
^
_
11.-27
12- 2 ;
Co.—
12-13
*
'
12-16
20 c
;6:V:lC'7
__
^
11-29
H-26
,*
,
11-20
19-12
50c
com.
preference
Chemical
I
;
it-1
80c
Utilities
_
33%%
50c
/
—
Pennsylvania State Water, 7% plci. (quar.)_
$1.75 > 12-.2
11-12$
Pennsylvania Sugar Co., 5% preferred-—
12%c
12-31
Peoples Gas Light;jt Coke (quar.)__i^.___u
? $1
? 1-15 «'r,12r20
Peoples Telephone, 4%%
preferred
$1 *" J
Perfex Corporation; 4% "/<■ pfd. (rmar.—
$1.12%
1
711-21
Perkins Machine & Gear, 7% pfd. (quar.)_
$1.75 ^ 12- 2
11-20
Pfaudler Co.; 6% preferred (final)^^,*-«'"J"8L5Q"
j
Common^ (irreg.)
a
Pfeitfer Brewing
;25^ ^2-23. .12- 6
-"i
'Extrac
1 .--,3 - 12-, 6
11*25
80C
Service
Pen
$1/ preferred
/
V-, V;
(irreg.)—
______
Public
;
Co
;
,
11* 8
7.
3.7%' preferred
11-15
$1.25 4 -12-20*5
Class B
Gas—
11*14 i.
Pennsylvania Electric, 4.40%
;7i
^
,
1
11- 8
12-31
>
$1.50
....
'
2
-4c
;
Quebec
Common
■
—
7% "preferred,
—
■.
^
I-1' 2
12-20
.
Clav Products——
Woods Milling Co., Ltd.—
11-27
12-
2
V
..
12* 2
12-10 '
12»4c/
Corporation 7
Pipe Line Co.
Missouri
S
25©
45C
Morgan (J. P.) & Company.(quar.)________
Morris Plan Insurance
Society (quar.)—
Motor Finance Corporation (quar.)——.
Motor. Wheel Gorpqration (quar.)
Wines &
Iiiclede, Christy
11-15
25C'
p
11-.7
11* 8
60c/.. 12- 7
dividend
&
■
.
.
5
</
-
Montreal Cottons, Ltd.,: com,
7%
preferred (quar.)__
2-
7-2c
T,,
(accum.)—•
11-20
2
7
2
11*18
v
Monsanto
12-2
$1.50
Champagne,-Inc.—
-7
■
Increased.-'12Vzc
2
12-
(quar.)
11-15
12- 2
•
(quar.)l_„1_—$1.75:
Kwick' Tool .Corp.I—,—..
Ha France Industries,
Ha
v'
——i
12-
35c
40c
li-19
$1.12'/a 7. 12-27
(quar.)—
(quar.)
12-
•.
12- 2
12-10
;
Co., Ltd., com. (quar.) > ; t20c 0l2rlB
preferred (quar.)—
—
;
135c ; 12-16
Paul (Peter) Company, new common—
25c , 12- 1
Peabody Coal Co.; 6% preferred (accum,
• $2
}2* 2
Peck Stow & Wilcox
710c
12- 2
Peerless ■■■.Cement
p25o /; 12*y 2
Pennlnsular
Grinding Wheel—
——
20c ,.<11-15
Peninsular Telephone, common (quar.)
50c
1- 1
'
11-30
11-19
11-20
'
9C
11-18
12-12
2
2
$1.18%
■
12- 2
Kroger. Company,
1212-
27"
-
$5
7%
11-15
•1-
•
; 12-14 ■ '•
v/j. 50c
$1.12%
Extra
2
12-10
■A
:y
Paton Manufacturing
;
•
,11-15
12-2
7
(quar.)____
i—
v
50c
11-29
(quar.)—
25c
12- 1
(quar.)_______-_-. $1.06 V*
, 12- 1
Parmour Porcupine Mines
(interim)
$3c 7 12- 7
Patm Consol,-Gpld Dredging^ Ltd„tinterim)-/7yv tl5c /; 12- 4
•
12-
_
12-12
—_
——
12-
,$$1.50
- (irreg.)
Manuiacturlng
$4.25
12-15
1-2
r
Stock
Parker
8
9 7 (4 c
(quar.)—,,
Moneta Porcupme Mines, Ltd. (interim;—,.
17- 3
:
11-
12-20
Mission Appliance
*
.
H.) & Company—
Kroehlex Mfg. Co., 4Vi % preierred
12-14
11-15
-
(quar.)—
'
25c
Company tquar.)_,
4uc
L.—$i •'
(S.
10-31
12-23
11-25
'15c
300%
JjHtsbge • «3. 8.)
Extra
11-20
30c
,
12- 1
<
7
y
—---
com.
Parkersburg Rig & Reel, common
11-8
11-8
12-
,
,
8
1
12- I
$1.56*
(s-a)
3.20% conwtrtible preferred A
Minneapolis & St. Louis Ry—
Missouri
approval)
JECoehring
2
^
.
Hhudsen Creamery Co., common——
:,0 60c preferred (quar.)——-. —
'
5%
11-
12- 1
new
4'/2% preferred (quar.)—
Holding Corp. (year-end)
Corporation
7 Extra
2
Minneapolis-Honeywell Regulator Co^—- 'v.
12-23
„
(
1
1-
$1.75!
(year-end)
Missouri-Kansas
1
12-4
12-10 7
v*' Common': (duar;)?
Mission
———
11-
1-15
81J/4C
^
11-
8
11-
2
25c
8.%/"preferred ""(S-a)
Participating :
12-10
1
2
1-
12-15
Stock dividend
.11-
11-30
11-22
12-
$1.62
:
11-25
5
■
_____
Extra
4
12-
30c
25c
.
12-16
35c
Corporation, com. (quar.)
7%
preferred (quar.
Metropolitan Edison, 3.90% preferred (quar.)
Michigan Consol. Gas., 4%% pfd. (quar.)__
Michigan Public Service Co. (increased quar.)
Michigan Steel Tube Products (resumed)—
Mickelberry's Food Products (quar.)
12-10
-
10-31
12* 2
7? i
7
$1.75
12- 2 ..ill-19.;;
$1.50/ 12-2
11-19
•
15c ., 12-10
11-15
25c
12-10 |7 11-15
~
—
11-29
11-30
.
»
(s-a)__
$$3 ...
Orpheum Building Co. (increased s-a)_____
25c . :
Outboard Marino & Manufacturing (irreg.)_
40c
Ox Fibre Brush Co. (monthly)
25c
Oxford Paper Co., $5 nrefererence (accum.)
$1.75
Oxford/Radio Corporation (initial)tlOc
Package /Machinery COr Xinitial)-------V^-* i
40c..
Pacific Lumber Co.
—$1,7;
Panhandle Eastern Pipeline, common—-—
62 %c
4% preferred (quar.>__w__^—.
Paramount/Picture^ Inc. ' increased -qUar.)
50c
11-15
11-30;
i
•
.
7
Ontario
11-15
2
s
^
25c ' 12-17 / 11-20 £
40c (11-25 4 11- $|
,
Co.,
Service
Ontario
11-15
12-
$1
-
& Thermit
12- 2
(quar.)_
12- 2
60o
$1
250"
>:■i25c,
1
11-15
12- 2
-
1
f
•
75c
93%C
85c
43a/«c
$50c
12J/2C
^quar.;_
-
Oklahoma'Natural
2
11-15
12-24
Y.;
Power, Ltd.—
(quar.)_____■
preferred
Olivet
11-16
12-24
10c
:
12-
12-10
11-30
.
Public Service—
Extra
<
11-12
10-31
12- 4
$2 '2nd preferred (quar.) a,50c:
4V*% preferred : (quar.)
$1.06Vt
Meadville /Telephone Co.i 5%
pfd. (s-a)__
62*/2C
12-26
shares.
-
Ohio
-
1Z-
Co., Inc., common—^
u,'--• 25o 7
preferred (quar.)——
$1.25
Emil)' Co. (quar.)^/i——» 7 7 ; 25c.7
Beneficial -interest
11-12
>f 11-12
■
1* 2
__i_^_^* :$$1.00V44
.
Kinney. (G, R.)
7
12- 2
11-15*
11-21 7; 11* 9.7/
11-21 ,11- 9
v ,
12- 1
11- 8
12- 2 .11-16
12-14
11-15
12-10
11-14
75c
75c.
(quar.)_^
(quar.)
Pharmacal Co.
(quar.)
Ohio Power
Newspapers,
11-20
;
11-22
2
•
11-20*
>
(initial)-.
..15c
12- 7
11-27
Oak Manufacturing Co. (quar.)____:
—
15c ;" 12-16
12*^2,/-•
Oberman & Company (initial)
—V >1
10c . 12- 2
11-25
Ogllvle Flour Mills; Ltd., common (quar.l-• .$25o
,7-1 * 2. 1 lr30 7
7%
preferred (quar.)
$$1.75
12- 2 > 10-28;,
Ohio Oil Company (s-a)
—'
25c
lz-14 .11-14 i
Communic'a-
12-
■
•
^
25C
■
Kents Restaurant & Baking— "
,
t
5'4t■% preferred (quar.
SlXIVa
Kentucky Utilitffes^
'
; *
1'
-.7^.- Junior .preferred (quar.).^i—1—,J; 87Vic»
Knickerbocker Fund—s
12-
•
50C
12-
$i'
7
common (quar.)—,
preferred A (quar.)__
7
Company
r
(Julius) &: Company—,—,—,—,^
dividend
25c
-
_____—
$1.37(4
—
6%
11-22
12-10
(N.
Extra
11-15
2
12-10
20c
$4
2,
12- 2
25c
Laughlin Steel,
Stock
12-
25c
*
12- 2
—$1.27Va
Nova Scotia Light &
11-30
12-10
3-2-47
12-10
11*30
711-15 7
11-15 7
-
preferred
preferred
Norwich
9
11-15
11-25
13%c
preferred (s-a)
Co., Inc. (quar.)__,__—
lnc„ -common (quar.)
preferred
(quar.) _/
Mead Corporation, common (quar,)__
;
9
12-31
93%c
7 /
'.
9
1-15
convertible
Klein; U
11-
5
11-29
Co.
Nu-Enamel Corporation,
Year-end
11- 5
$75c
.
Kawneer
i
12-
•
McKesson <& Robbins,
.;..v.7-,.7":.::,./7 •'y/
Co.
(year-end)
jantzen Knitting Mills, 5% pfd. A
jewel Tea Co.
(quar.)—_7——
johnson & Johnson (extra)
prior
6%
12-15
;
7% pfd. (quar.;Oil, Ltd.4
McCord Corporation
(resumed)
McGraw-Hill
Publishing
25c
Mclntyre Porcupine Mines (quar.)___
$50Vic
10-15
12- 2 i
,
"
____!
McClatchy
12-16
12-20
40c
22V-C
Iron Fireman Manuiacturlng Co.—
,$5
11-16
40c
-
Northwestern
7%
25c
20c
-
Northwest
11-15
11-30
25c
McCirfl-Frontenac
Natural Gas (year-end)
•
75c
liuaiu...
oorporation—. aoc
Investment Foundation, Ltd*.— '
7.
;
$60c
May Department Stores, common (quar.)
$3.75 preferred /(quar.):
$3.40 preferred (initial quar.)__*_.___~.
11-4
11-15
75c
tquar.i
'
/'
(increased)—
Interstate
Kayser
10-21
$40c
preferred (quar.)«. 7
Iowa Public Service, common (quar.)______
$3.75 preferred
(quar.)
•
11-20
12-2
$40c
,
•.
:'
12-15
$21
$1
(accum.)——
Bancorporation
12-20
2
/ 12-15
25c
.
11-30- <11-16
i
1 - •
receipts (interim)..
2*4%
Marine
Magnesium Products^-^-,
_i-_,
12V4C
Masonite Corporation (quar.)___^__—25c
Massachusetts Investors Trust (Special)-,-, > * - 70c*
11-12
$25c
T»iUtilities Corp.
^
1-
12-15
20C
(quar.)
Insurance
River
North
11-25*
tions, -'Ltd.— '
American deposit
11-29
2
12-
-
r
(irreg.)
«auar. 1
10-23
25c
_________________________________
Extra
4
11-7
$1.75
,
-
to-
7
12-31
40c
t
Ltd
Co.
Ma/chine
12-12
75c
(
■Extra
11- 1
12-2
65c
(increased)--.-—"
Co.
Textbook
&
__—
Manhattan Shirt Cox
i*
12-
7 30c
;
International
&
U-
convertible
(P. R.)
Year-end
■'
-
Canada—
Corp.
;; -Year-end
5%
.
11-20
;
>7.———$$i.l2%c
of
11-30
'
5y2%
$1.50
Co:—
_
Co..
12-14
12-15
f "
(quar.)
Publishing
Industries,'; Ltd.-1—
jones
Mallory
10-25
Marconi
A, (quar. )J—
poirm««
Jl-12
"
Ltd.—".
„
jaeger
11-12
2
12-20
.
Co.
2
$35d
'
12-
9
1-
;-v4
■
.12-10
20c
Brake.
11-30
11-30*7
11-30
12-10
$50c :
Uxxiu&i;—
common
$3vpreferred
Zinc (year-end)
Air
preferred
5.10%
11-20
2
Publications, Inc.—
«
$50c
Newport News Shipbuilding & Dry Dock—
50c
Noranda Mines, Ltd.__—
$$1
Norfolk & Western Railway Co.
(quar.)—.
$2.50
North American Co. (stock dividend)—
.
,,v<One share of Pacific Gas & Electric comk-'£v
mon
for each 100 shares held——1* 2
12- 3
12-7
12-
'
Machines
International Petroleum
Consolidated
& M.
12- 2
11-
11-15
11-20
i J2 V20
$3.50 o-^eferred /(accum.)
k" '
International Harvester Co., common (quar.)
-Year-end
T.;..,/..
1%
preferred (quar.)
International Metal
International Nickel
M.
Macwhyte
Company
(quar.)
Madison Square Garden Corp. (quar.)
Mdgnavox Company
;
Mahoni
(R. C.)
Company_,_,
Majestic Radio & Television Corp,—
12-10,
—j.—
International
&
Jjxtrav
11-20
12-1
11-30
—
6%
7
.,
——'
" %%
Imperial Oil Co., Ltd, (s-a)--i-—j;
$25c
Imperial Tobacco of Canada, Ltd. (interim)
tlOc
Indiana Steel Products
(irreg.)—
62y3c
Industrial; Brownhoist (initial quar.)
15c
Industrial Rayon Corp. (quar.)
r
5 50c
Ingersoll-Rand Co.
(quar.)
—„$1.50
Inland Steel, Co. (year-end)
w
70c
Inter.',
11-
2
Deposit/receipts ordinary shares
"(Interim)-.-
Common
11-16
11-19
12-30
1.—t'lf
common
American
•
$1.50 participating preferred
Mackintosh-Hemphill (quar.)
Maclaren Power &• Paper Co., com. <quar.)^.
1
12-19
$ 1.50
pfd, (quar.) ^
(quar.)
Imperial Chemical Industries,
-n
MacFadden
45c
quar.)
Water, 6%
11-16
M. J,
"
Co.
(increased
1
12-
■
..
Co.
r-ii'er
11-16
12-
(quar.).—...——. '
10c t
Hudson piiip & Paper, 5% pfd, A (quar.)
<
' 3iy4C.
Humble Oil & Refining Co. (increased)
•
50c
Huxnuxel-tujss Fibre, 6% preierred (quar.)„
$1.50
Huntington Water, 6% preferred (quar.)___
' $1.50
v-7%
preferred (quar.)
——w,"$1.75
Huctxg cash & Door Co.—
'
;
5% -prefkrred (quar.)Jl—-1—
'offy'
Idaho
1
;
:
12-16
V4c
—,
12-
—
Hudson
11-20
iz- 2 77
12- 2
—_
12-16
11-29
$1.75
stock (non-voting)
Founders
stock
(voting)—,
New- York State Electric & Gas Corp.—
11-20
$3
25c
(s-a)
$1.50
3.7VaC
York Shipbuilding Corp.—
40c
Co. £ (resumed)
11- 0
11-29
12-16 7 ,11-29 7
50c
Co.,
New
2
11-20
2
12-2
Nashville
Steel
Lime
1-21/
.11-10*
12-J6
12-2
7 12-16
50c
———
England
12-1077
.
1-31
12- 2
k-T" 2
/ 25q
.
Participating
12-
>
25c
quar.)__
(initial quar.)_
com.
11-
11-16
Lukens
,12*18
—
new
York
11-1
12-31*
2%
,
$1.50
——
Jersey
2
11-12
12-10
•
$3.50 '
New
12-12
1-15
12- 2
;
12-18
common
New
12-
&
Co.,
11-12
1
—
t._——*.
11-22
■
"
>
Non-assented
12-21
"
9
12-
New
Lord & Taylor, 6%
12-8
1
5%.-preferred,(quar.)_..;_7u7~..ii.——j:r' $1.25
Finance Corp., common (quar.)i.
*
40c
,<
.
1-2-47
:
20c
.
<
(s-a)
Brothers,
Extra
11
2
11-18 7
12-14
40c
____—
(quar.)
com.
(increased
Cement
Extra
Neisner
11
12-
25c
com. A (accum.)
(Mo.)
$2
'
_______
(Md.),
Household
v
12-2
12-2
8 1
11-25
12-14
12-14
Power Co., 6%
prexerred
preferred
Mining Corporation (quar.)—,
Niagara Lower Arch Bridge, Ltd. (quar.)
11
$25c
12-14
1- 2
1- 2
7%
11
12-
20c
50c
11- 2
12- 7
10c
$1.12 Va
Newmont
11
$25c
11-
11-30
$1.75
Nebraska
2-24
li-ZZ
$12 >/2C
12- 2
$1.12Mi
(quar.)_
com.
z-—
preferred
11-19 7'
■«<;
$17o
—
7%
•
50c 3-10-47 2-24-47
'■: Extra
;•
3-10
6uc
-
10c: 712-10
<,
.
__
—7—<-
Co.,
12- 5 7
l?-14
12-31
Nationai::>Termihala7_—-i—■ -:.a ;26cfe.
Natomas Company
^
r. 50c
11-92
Louisville
12-27
$1.06V*
s
(N. Y.)—
Tea
12-20-
$l5c
;
__
preferred
Extra..
11-30 *
..,-45bt<--vl2-i6.>7-li-i8.
..
'■
out p.—
f uuip»
12-14
,
Service Corp.,
dividend
12-10
11-30\ 11-12^
$1.07
12- 1
10-22*
J, »,.v,>V.v57..'v,.. u-f
•
Products—
prior
National
7.:: :
11-25
1st preferred (quar.)
$1.'50
RR. Co. (quar.)—88c
Ludlow Manufacturing & Sales (quar.)_:—_
$1.50
Horn & Hardart Co.
6%
11-15
19,1 n
$1.1 n.
•
Longhorn Portland Cement
5%
preferred (quar,),
1
1
12-16
$4c
8% preferred (quar.) w
Co.
Long-Bell Lumber Co.
12-31
11-
11-30
$12V4c
Long-Bell Lumber Co
(quar.)
9
25c
Oil
Natioxuti
11-29*
11-
:
—
..
common
preferred(quar.)
Stock
2 ;
12-16
11-30
1
(quar.)_
12-20
s
$4.25 preierred
B
1-20
Vquar,)—. 725q 7 12* 1
Holt Renfrew & Co., Ltd.—
7%
.^red (accum.) 7___
'_
I-15
$$3.50,
Hooker Electrochemical, common (quar.)
II-29
40c
11-
1
4 V4 %
National
20c
—
;
II-21
a
12-
50c
Extra
<te Co.—*■■/■/.yy
1
r
11-30
guaranteed
10c
,
Incorporated—..—J.... '
11-30
87'/ac
;
Ltd. (Initial)
(initial quar.)
„
Linen
National
50c
—
c
Gypsum Co., $4.50 pfd. (quar.)
Company—
preferred A (quar.) ________________
7%
Nazareth
...
10c
Corp
Stores,
ttuik irxv.««> i-
Holly
12-12
12-12
(annual),
Extra
11-15
2
11-30
(quar.
Loblaw Groceterias, Inc. (quar.)
'i
Loblaw Groceterias Co., Ltd., class A (quar.)
1-21
I-31
12-
12-12
Box,
National Leatl
50C
;
Ltd.
.
National
Co.—
Original capital
12-17
Hoximan
KR.
Special
12-27
2
Chemical,
&
Folding
11-30
—
11-14
12- 2
12-
National
37%c
fopecialguaranteed(quar,)—
15c
11-12
11-12
quar.)—
12-15
Monthly- ________
_____________________
"15c
v 7 "Mommy'" vli——_77_7.7i7._7_________«L
;\'15c
Hires (Charles E) v Company (quar.)
30c
2
.
£
Drug
37V4c
12- 2
•
12-
common
convertible preferred
60c
11-30
f
(quar.)—
Lac Gold Mines,
Gas,
2
-1-15.
$1.75
Extra
National
;
12-12
(qua^.)W>--——--7.-——
preferred
Miami
,7
11-12
12-12
—
Original capital
1
11-12
:
2&C
'
(quar.)
(increased
Cylinder
Extra 7,
50c
(quar.)
2
1-
87 %c
,
'—
314%
12-13*
1— 2
12-15
$ 60C
—...
Company
Little Long
7..
2
75c
Liquid Carbonic Corp., common (resumed)-,
-
30C
34%c V
■
•
iw—.7,50c
common (quar.)..
25o
•Extra.
Heyden
s,
,
Extra
iZ-10
2
35c
Lion
Lionel- Corporation)
11-15*
2
12-
12-
12-
7 11- 6
11-8.;
11-20
'
Increasedy-;quar.."w,i,»,--.i.__.i.*_7.-_.w,#-«
1>-
11-
12-
$1
.
-i.-
12-21
",;,50c 6 -27-47
v
—
participating preferred
12-21
" lz-4/
boo,
-
,
$i
75c
-
50o-
50c
12-10 711-15 ;
(quar.)___
' 20c
12-10
11-12*
.k7/:', I0o<7v 12*10,-7711*12^7
preferred (quar.)
National Dairy Products Corp.—
11-23
————•
Extra
1-2
11-25
50c',
'
Pineapple
wu^prh
11-
1
$1
Corp., common
—.———
7% prior preferred (quar.)
Link-Belt Company ( quar/)—
Oil
5
12-
——
—
..
1-2
2nd
xie.j uau
6%
:
12-
.
Service
Extra
;
6
50c
—
.
4V4%
31 y4c
—
(quar.)
pfd.
conv.
—
Extra
12-21
1-2;
,
prexerred (quar.)
7$1.25 7.7
preferred (quar.)———,
$1:25 7
6%
'5%
1-
5%
•,
B
Lincoln
11-12
"
...
Class
•
11-13
&
A:-,-Extra
11-13
—
Coal
Life Savers Corp, .(year-end) ■—wiu:
Liggett & Myers Tobacco, common (quar.)_
o.
11-15
12-30
11-30
Hanley (James) Company, common (quar.)25c
11-30
1%
preferred
(quar.)———
87%c
Hanna uvl. A.; Company, com. (year-end)—
7-77. $1 y 12-1112- 2'
Harbison-Walker Refractories, com.
(quar.)
25c
1-20
6%
preferred
(quar.)
,
y, $1.50 '
_
7
11-15
12-
12-30
60c
25c
<,
—
Lehigh
Leland Electric Co.,
11-15
—
I
r_
Navigation
11-22
11-15
:
Fibres
Inc., $7 pfd. (quar.)__
Corp., common (quar.)_
National Container
,
.
,
£
32- 5 "7
15c
'
Co.,
Casket
National
V
1
1
12-
• •
(extra) —-
7
«
12-18
12-27 :
.7%
;
12-16
12-
25c
(quar.)
Tire
Rubber &
«
12-28 7
12 Vbo 7
i.
Biscuit Co:, common
,•
30c'
preferred (quar.)i-w^-_-__7._-.^_:»-77'7.$1.757
National By-Products, inc.
(extra)
;
v5oc
National Cash Register (year-end)
25c
11-27
25c
Lawyers
,,
,
12-2
25c
Title Insurance. b% PxU. «s-a»-_—
Le Tourneau (R. G.), Inc., com.
(quar.) —
7^2-14/7
..
25C
7
Automotive
National
11-15
1-
Payable of Rec. v
-ui
National
12-21
11-30
Holderi*
When
.'
Share
.
National-Acme,
;
11-25
2
10c
62'/2c
"
,
Nash-Kelvinator Cprp./
ii-i4
12-9
15c
Lakey
Lamson
11-20
.
(quar.)___
7 Lamston
8
12- 2
1- 2
(quar.)
4 V2 %
(quar.) _____——— ' $ 1.12 % y. /.1--.2
Hauu^vOi. *v__..uiactunng .700,*—
<7■ 'y ' [
* 7
Preferential
12-28
participating (quar.)— 7-_.
25o
Hamilton Watch Co., common (quar.)—_—
25c >> 12-14
4% convercible preferred (quar.).-'
** $1, 12-14
12- 1
Hancock. Oil/of Calif,, class A (quar,) .—.
>' 50o
■'
12- 1
Extra 77,7/7 25c
preferred
preierred
'
11-
Ltd.
Mines,
Shore
<; pet
7,
c
(quar.),.,^^^^^'^.:$1.80
•,j6%u'nreferred
;
L12-23 *
t$l s1-15
$ 18C ■* 12-14
v'77 s'0
7:
7
Name of Company
•
,
Mutual Chemtca.1 Co.kof America—*', 7
12-23
$50c --1-15
———7*—
Foundry & Machine.Co. (irreg.)——:.
& Sessions, $2.50 preferred (quar,) :
(M.: H.) ,v Inc., commoni——
Lane Bryant, Inc., new common
(quar.) — -;,
Lane-Wells Company (quar.)——
Lanston Monotype
Machine (quar.).
-•
11-15
'
12-10
25c
—
11-15
2
11-30
-Extra
Lake
11-14
2
12-
—75c
4'' 25c
' $15c
__H $22 %c
•£
,
7;'7
V''
Holders
Payable of Rec. 7
:
■
Special
When
'
Share
1
,
Lake
11-15
12-iO
12- 1/.
'
-
.
St/'Johh* Powert & ! Paper. Co.,; Ltd.—.,
Quarterly■>
11-18 7
12-10
25c
,
Per
Holders
When
•
Share
^
15" ?
;7
WW
«;i
v>:: ":jVk 'iuv
v
-:J V"t'
U
U ;l'v"»V*
When
v./..r ..Name, ptjGomtmvzi*;-?^
!
Rower Corp; of. :Cattada> common (interim) __
6% 1st preferred' (quar.)_i:L>—;-w-.—-—- !
\ 6% non-cum. partic. preferred (quar.)__
JPrerttice-Hall, $3 partic. preferred (quar.)__
$20C
$$1.50
$75o*
75c:
'1 70c
<
^
.
Common'rtquar.)/''^.---^**^*-..-*;:****'
;
;
' '
6% *'■- preferred
(monthly)-..
__
7%
preferred
(monthly) ___——-
Public Service Co.v of- Colorado—
■
.1
5% preferred (quar.)__——
Public Service Co. of Indiana, common
■'3%%
Public
'
•
>
$5
■
>
'
6%
(monthly)
preferred
>
Extra
...
New
1'
•
11-15*
;/
2
11-15
Standard
2
11-15
11-15
Standard
Steel
1
11-15
Standard
Stoker
11-15-
12-14
11-15
lfr-15
12-31
11-30
Bterchi
11-30
Sterling
12- 2
11-18
12-
11-18
11-30
Class
11-
.
/■
12-14:
11-15
12-
11-15
2
11-15
Studebaker
1-
2
12-13
Sun
1-
2
12-13
Sunray
•>': 4
11-14
12-
11-15
Swift
12-
11-15
Sylvanite
1-
12-10
11-16
i
12-15
12-
4
12-
4
1-
Tampax,
'
r
'
12-13
I-17*
-
-
II-18
Tide
11-20
10-31;
Cv
11-20
10-31
Timken
12- 2.
12-14
12-10
V, 1-
2
: r
11- 8
;
12-16
Union
Oil
12-
9
11-18
12-
9
11-18
12-
9
11-18
12-
'
..
2
11- 2
12-2
12-14
11-21
12-16
11-16
12-
11-15
■
12-
12-
11-
2
11-
12-10
■
Seal—
^ •
$1.60 convertible preferred
Standard Cap &
i
,
Standard Chemical Co.,
-///'/ v;,;
(quar.) ———
)Ltq^2-/^?Z/^: X~,
5%
preferred Iquar.)——-----•
Standard-Coosa-Thatcher (quar.)———
2
11-12
12-
2
11-12
50C
12-
5
11-20
12- 2
11-12
Wright, Aeronautical
10-22
Wrigley
.
1
11-22
tic
'i
;
Woolworth
S.
1-
2
3oc
5%
12-1
12-20
1-
17Vic
■
U.
Printing
Extra
11-20
Yellow Cab Co.
2
20c
87%c
12-16
12-16
12-
12-6
400
12- 2
11-15
$*1 25
12-1
10-31
62 %0
1-2
12-20
2
11-20
12- 2
12-
2
30C
1-20
1
XI- 8
1-1-47
12-20
1-21
4-ra
7-31
7-21
Youngstown Sheet & Tube, common (quar.)*
Extra '*-*--**/i*i.__-*i*-;_-.__*-*_*i**-_i.**,'
75C
I?* 6
50c
12- 6
11-23
12»i6
13-: 8
preferred
*
(quar.)
/;
11-15
12-27
12-20
2
12-20
1-il-4/
;
37%0
1-31
37%c 4-30^47
Eton's
/'
Cooperative
Qiiftfteyly
11-15
Mercantile
12-
2
11-14
12-
ll-2»
institution—
..i,,,,
....
25c
2
y
r
11-30
T
750
12-10
12-18
12-13,
1-
$1.25
2
/
tPayable In Canadian funds,
resident
tax
11-27
jl'i':
dividend.
Canadian non-residents' tax.'
15%;
10%
12-16
tax deductible
11-16
3c
11-15
7%.
a
at the
Less British
Non¬
source.
tnrom#
tax
:••'•*);/
Investment News
11- 4
12- 2
resident tax.
General Corporation and
12-16
•17-47
22V2C
10-31
—
(s-a)_—
this
11-20
20C
r
tax.
not closed for
11-22
65C
Jamaica Income
books
'il V
10-31
25c
Less 30%
tPayable in U. S. funds, less 15%
11-14
$25C
.
$39
1-
2
(Continued from page 2552)
1-
2
(quar.)-—..
12-16
m
■•/:
12-
3
under
11-
4
12-14
$5
12-
2
11-20
2
11-20
1-
2
12-26
22 %C
40c
100%
$2
(irreg.)
12-20
1- 1
12-
Products
1946
$719,803
354,832
11-18
11-18
12-9
11- 8
11-20
11-
$1.55
12-12
11-27
$17%c
expense
Other income (net of other.expense).*
11-18
12-10
•Nonrecurring profits less losses pn
j
r;
,
,317,021
.
Total
*11,075
•
sale of capital, assetx i /
L: (net)
4
$693,066
income!
12-16
12-1
25c
12-
5
11-15
75c
11-27
11-12
25c
12-
11-15
Taxes, other than above stated..
25c
-
12-lfr
12- 2
Net. profit
- •• $453,865
tEarnings per common share___*__J.____w____*__**—•
; $1-5Q
2
/
Provision for
1-
1
12-29
25c
12-
1
11-15
75c
12-15
12-
$1
12- 6
11-26
250
12-9
31-25
$1
12- 2
11-14
50C
12- 2
11-15
22,353
dividends
deducting provision for taxes ^^bn this item: of A??5,000. /1 After
on 5 V2%
cumulative convertible preferred stock, Series A.—
V. 164. p.. 2058,
,
Reynolds Metals Co. (& Subs.)—-Earnings^-.
9 Months Ended
Profit
afcer
Sept, 30—
,4'
depreciation
12-10
12- 1
Fed.
■
■
and
income
12- I
11-15
$70
12-16
12-
30c
12- 2
11-15
No. of common
$1
37 %C
12- 2
11-21
Earnings per
2-1-47 1-15-47
37 V2C
5-1-47 4-15-47
/stock
37%C
8-1-47 7-15-47
/stock
9
exc.
-Net
.
_
•
$3,221,304
shares.—'1,023,662
..
; -;.. $2.94
share.
earned
dividend
a
.
3,445.?30
3.357,680
8,123.200
a,057,600
^
profit
Company
'
19aq
1944
$4,594,011 $14,538,372 $14:493,446
1946
1,372,707
profits tax__
.4- ^c...
20c
•
42,824
f
Amortization of war facilities______ //.'**—
$1.75
174,025
5
-
—
:
depletion,, depreciation and amortization*.^.
/Abandonments
//'•After
75c
——
Manufacturing Co., Ltd. (quar.)—_
Chemical Co.
(quar.)_.—Virginia Coal St Iron (quar.)
•
•Virginia Railway, 6% preferred (quar.) ___
6%
preferred" (quar.)
i—-**
/.
6% preferred (quar.)
—
not
Issue
INCOME ACCOUNT FOR NINE MONTHS ENDED SEPT. 36,
12-14
6
Knitting Co. (quar.)_
Valspar Corporation
(initial)
—
V'h Raalte Company (year-end)——
Vanadium-Alloys Steel —
...——
(quar.)
capital.
,
Republic Petroleum Co. (& Subs.) —Earnings—
Operating and 'general
1
9
1-
Utica
Corporation
working
for
"
Operating revenue^
.
-
and
v.
10-14
1-
(s-a)_——*—«—**-
Vapor Car Heating Co., Inc.—
7%
preferred
(quar.)—
the
11-15
$1
.
Nov. 4 filed a letter of notification with the! SEC
($5
the-stock
new
machinery and equipment
underwritten.—V. 164, p. 2058.
11-15
$1.75
——.*__.*_***_*.«**^**M.
of
//;«///
12-14
12-
.$1'
$2/
Co.
Hotel
-—_
VS< 1:
portion
11-30*
750
v
„
Quarterly
■i
1
62 Vic
>m
—
1st preferred (quar.).
Corporation, common
preferred (quar.)
'Vierrov
12-13
12-
non-cum.
Verney
A
$1.25
shares
par) prior preferred stock. Price, $5 a share*.
will be issued as part payment to employees
company's profit sharing plan and to suppliers in part
payment of their invoices. Proceeds from the balance will be used for
11-15
$1.06 y«
——.
<M>* •—
60,000
12-16
25c
(stock dividend)
(quay.)
The company on
for
''''/Vr-';"
50c
:v
50c
com.
Republic Drill & Tool Co., Chicago—Files with SEC—
12-16
68C
^Universal Insurance Co, (quar.).
SUniversai Laboratories, Inc.—..
Vick
11-15<
37%0
•Transfer
Upson Company
$1.01%
•11-15
(quar. )**—*»"
convertible
*
—
,
11-15
2
•
:
.
convertibl» preferred
11-15
11-30
11-15
X
12-
12-10
11-15
(year-end).
United Steel Corp., Ltd
—..
United
Stockyards Corp.
(year-end)—.
Universal Consolidated Oil Co. (year-end)
11-15
"
(San Francisco)—
mmmnn
11-30
11-16
12-16
New
/
$50C
12-14
36 Vic
1
12-
II-18
11-20
Steel
Universal
11-23
12-
50c
(liquidating)—.
12-10
U. S. Rubber Company.**.**
/ 1-15
$2.50
11-30/
11-15
12-10
1
11-9
V
7
250
6%
6%
UpDer Michigan Power & Light—i; v
$3. preferred (quar.) **:____*—-^_-*^*_*.i. ■
2-
12-241
1
12-
«%: convertible preferred, (quar;)_**i*i_*
12-
12-24:
I-10
12 %C
11-30
81 Lithograph,
preferred
5%
12- 5
11-19.
1-10
..$5
6
$1.50
U. S. Potash Co.
Utah
11-16
5
American1 Machine—
$50c
*—
11-15
5
1
12-
12-27
11-15
non-cum.
11-15
11-27
12-
25c
$25c
Corp., (reduced)..
6
•\
12- 2
11-
31%c
*
•
11-22
Light &\Power Shares, Inc.
series B—.
prior pfd. (accum.)—_
12- 2
11-15
U-30
Electric
Extra
12-12
/
12-5
U. S. Playing Card (quar.)
S.
11-15
$50c
'
13C
11-30
11-20
8%
11-16
J
2-1-47
11-30
12-15
U.
11-ld
25C
$50C
11-15
h 7%
-
■
12-
Finishing Co.,
U.r a.; Pipe At Foundry
■
11-20.
12-31
(Wm.), Jr.,' common/(monthly)
(monthly)
(monthly)
$25c
1
12-1
•
12-
$1.25
4%& preferred (quar.)x-——wU. S. Lines Co., 4%%;pfd.,(initial s-a)—^
11-15
I:
12-
11-20.
1
25c
Yates
12-10
50C
-
12-16
*:
12-
12-31
prior preferred (s-a)
(initial) *-_i*L-^^_*-**_^-~-«i
Yarg Producing & Refining
11-20
r
50C
11-15
12-16
li-lS1
12-1
pfd; (s-a)
93%C
11-14
11-15
11-27
;
■
40 c
12-14
U. S. Leather
.12-20
2
Z. $$2.50
(quar.)
20c
11-29
1-15
9
12-
25c
$2fic
$5oo
<,
12-14
quar.)—_
12-2
12-16
-
25c
$4 convertible: preferred——*—*—*
S.
12-16
"
30o
62Vic,
25c
.
•
class' "A (quar j-—.-**uii-i'
U. s. Lines Co; (N. J.)————
*
U. S. Lumber Co. (Scranton)
(liquidating).
U. s. Hoffman Machinery, common
(irreg.)
12-
9
12-27
$2
12-16
i Common
11-15
12-21
.12- 1
Gas
(Del.),
4%
11-
12-27
12'
Common
11-20'
12-10
40c
,
——
S. Casualty Co.—
convertible preferred
S.
Co.
Worumbo Manufacturing—
/
1
13%c
America
of
11-25".
2
,
(initial) __*
Co,, Ltd.^ 6%
7-1-47 6 •16-47
.
11-15
(F.. W.)
750
Co.
12-
$50o
—i
Biscuit
11-25,
9
Common
.
12-
-
.
;
•
1-30
'$$1/
$1.50n
62 %C
pfd. (quar.)
conv.
45c
*
2jjo
fl
35C
$1.25
11-15/
40c
..
12-
lQc
.
4-1-4T3
U.
.
-
——
25c
—
preferred (quar.)
United Molasses, Ltd.
(interim)—
11-19
——————
11-28
$1.25
U.
11-19
preferred (initial quar.)—
preferred
12- 2
11-15
12- 9
V
Extra.
2
5%
11- 1
12- 2
12-14 ZZ 11-16*
12- 2
Extra
12-
8%v preferred (quar,)—*—**——,
8
12- 2
.
12-27
„
11- 8
$1.37%
$4.50
11-15
10c
Improvement
—_
United Merchants & Manufacturers (quar.)
8% preferred .(quar.)———*—-—*
1
(quar.)——— $1.37%
450
Spencer Kellogg & Sons (quar.)——
Spiegel, Incorporated— .
$4.50 convertible preferred (quar.)——-—< $1.12%
Sports Products, Inc.:;(s-a)i—r—*', - ^ 400
$3.50
11-30
-.Extra
11-12
12-17
12- 6
:
$1.12%
United Corporations, Ltd., class B;_——
United Electric Coat Cos* /(quar,)
11-15
2
12-16
■v:"
J1-2CT
9
'
2
$1.50
common——.—^
J2--0
-
—
B
United
12- 6
Brands Corp.,
S>5c
/
Ltd., class A—
Extra
11-15
Standard
11-
—
Amusement
:
Extra
Class
11- 2
12-16
,,
11- 9
preferred A (quar.)
—
Tank Car Co. (quar.)_—
Union Twist Drill Co.
(quar.)
United
12- 1
y
;■
2
2
11-12
11-12
12- 2
stock**.*
(s-a)
11-15
11-30
12-
1;
____*__*_*i
common
11-15^
11-30
35c
(irreg.)
preferred
non-cum.
12-
$3.75
United Aircraft Corp., 5%
40C
—-—
of
12-14
$1.50.
common
common
Woolworth (F. W.)
(increased
California—
13-18
12-14
.
—
11-16
50o
Squibb (E. R.) & Sons, common—
$4 preferred (quar.)_;
—
Standard
Accident Insurance—
Co,
Brothers,
$2.50
Co.
12-5,
J -*>-<7
40c
;
Woods Manufacturing Co., Ltd. (quar.)
Woodall Industries, Inc.—
5%
convertible
preferred
(quar.)
Woodward Governor Co.
(quar.).
Wool Combing Corp. of Canada, Ltd. (quar.)
-
_—.
r
preferred' (s-a)
5%
2-1
12-12
250
par
Winnipeg Electric Co.,
8*
8
U-30
2- :•"'/• '■/■
$1.25
______
Manufacturing^*****.*.*
12-
!—
(quar.)
-/S
$2.50
(quar.)
$30
—
11-16
11-30
11-30/
12-
5%
11-15
llflS
12-lg
$7
<b1
Products
-30c
>
——
Oil
11-15
12— 2
12- 2
.
75C V/: 2-15
(quar,)__
common
Ltd.' (quar.)_____*___
Wilson
r
Co.—
Chlorine
11-12
Union
11-18
9
12-10
.
11-
12-14
75c
'
11-
2
12- 2
11-29
750
12-2
Bearing—
Investment
2hd preferred
11-29
12-12
$2.25
Brake
ing share of $5
Z
11-8*
2
12-
12-12
Jv-12
$50c
Stationery—
(quar.)
12-
—
Roller
Extra
11-15
1-13
$5.50
10c
interest
Associated
Water
Union
i,
12- 5
——
11-12
11-29
■-
10-18
2
1-15
(increased quar.)___.
——
Spalding (A. G.) & Bros. (s-a)——
—
Sparks-Withlngton Co.—
0%
convertible preferred (quar.)
Spear & Company, $5.50 1st pfd. (quar.)
11-15
12-
1
&
Air
Wilkes-Barre Lace
Wilsil,
12-2
Tablet
preferred
50c
Companyv> 6>. preferred—
Twin City Rapid Transit, com.
(resumed)
r5% convertible prior preferred (quar.)
Tyler Fixture, 7%
preferred AB% preferred B—.—
5Va%
preferred (quar.)i_^- v
Union Asbestos & Rubber (qtrnr.).
—
Union Bag & Paper (quar.)_—
!?:" 12-12
' 12-31
Common
10-31
'
11-30
*
10-31
2
1
50c
2'
25c
Whbur-Suchard Chocolate Co.— ;
r •
(Stock dividend)—One additional share of
$5 par common stock on each outstand-
11-15
2
1-
$1.75
Extra /
11-18
50c-
1
1-
10c
Tivoli
12-15
-
12-
$3c
pfd. (quar.):.
/
11-15
/.'>/
11-15
50c
Co.,
Whitaker; Paper Co.
11-15
(s-a)_.
(s-a)
2
$$1.50
750
$1.25 •
3
3
50c
Co.—
Carbon
preferred
12-1
35c
r
$5
:
Southern Canada Power—
;
Land
&
Thermatomic
11-30*
2-1
Oil
Texon
12-20
12-30
U.
participating preferred (quar.)
Southern Railway Co., common (quar.)_.—.
: $ 5 % non-cum;1: preferred
(quar.)-..—»
Southern States Iron Roofing
:
Southwestern Life Insurance (Dallas)—t
12-
12-
—
_
31V40
6%
11-20
—
prep,
9
25o,
11-23
11-30
-:
Oil
12-
; v,-/
Westvaco
37%C
(increased)
Texas Public Service. (Del.) (quar.)
Tex-O-Kan Flour Mills, 4%% pfd. (quar.)
12-23
1-15
of
12-
26i?°
12-10
;
(increased)
Certificates
;
'
Quarterly
———
——
Southwestern Public Service Co.—
shares
Sub
12-23
15c
—;
12-10
u
&
11-
Year-end
.
(quar.)
Texas Pacific Land Trust—
40c
4%: preferred •■(quar.-)w^wiwa.*.-»,
10-31
1
$3C
Works, 7%
Coal
1-
•
9
10c
(quar.)
11-22
$1
Extra
5c
—
Pacific
Texas
-
Southern California Water--- J
4V4% preferred (quar.)
11-23
10c
___;
12-
37VaO
11-15
12-16
40c
(quar.)
Ltd., com.
Corp.
11-29
1-
;_____
(quar.) I
11-11
12 %6
Westlnghouse Electric, common (quar.)____
25o
25c
participating preferred (quar.)
Weston (George), Ltd., 4%% pfd. (quar.)__ $$1.12%
Weston Electric Instrument (quar.)__.__*_
40c
11-15
12-
(quar.)
Terre Haute Water
11-12
1-15 '
20c
■
5
2
'
Incorporated
Extra
•
■
2-
'•/"":
$1.75
Co.
Mines,
,2-15
12-
$20c
_
11.1 s
11-11
11-25
$1
Westlnghouse
'
2
12- 2
United
preferred (quar.)
Gold
Common
11-11
12-17
International
Common i bearer
12-10
11-25
12-10
Z
If.
11-25
*
Western
5%
—
preferred
Syracuse Transit
11-22
12-10
12-20
11-15;
12-
,
IOC
preferred A (quar.)___—
Western Railway of Alabama—
15C
11-15
12-10
2
12-
25c
ir-15'
$1.25
$5
11-11
25c
12-
12-20
—
B
% %
Extra
Western Pacific RR.
12- 5
12-2
250
12-
2
'
12-16
—
11-26
87Vic
25c
10-31
Corporation
12-16
$1
1
Company (quar.)
Oil Corporation, common
(initial)
Super-Cold
Corporation
(quar.)
Superior Tool & Die Co. (quar.)
Swan-Finch Oil Corp., 6% preferred
i%
2nd/preferred
(quar.)
12-
12-15
.
6%
Oil
(quar.)
11-15
75c
11-I8
12-
31V4C
1
97V2C
II-18
11-29
11-18
9
11-29
11-29-
Western Maryland Railway—
~
•/ .r// v
7%
1st preferred
(accum.)_____________
12-20
11-29
■
IOC
12-
40c
1-1-47
25C
12-
$2.50
Manufacturing Co., common___.
Gil & Snowdrift CO., Inc.—
Extra
$1.50
(quar.)
12-
11-25
'
12-20
$7oC
11-15
preferred (quar.)«—$1.50
South Bend Lathe Works^*
^ u
^ vi j.. ■
New common. (initial quar>)r«-;---*^<i-^-H.
>
506
Southeastern Greyhound Lines—
:
X-a
Increased quarterly
:
600
Southern Advance Bag & Paper—
I
preferred • (quar.) — __r——;
$1.12%
Southern ^ California*' Edison—
' •
/
1
1-1-47
2;
ii-18:
12- 2
30c
Virginia Coal & Coke_______
WCsteel Products, Ltd.
(s-a)____.
Western Auto Supply Co, (quar.)
10-31
11-15
12-2
1
$12
West
11- 2
2
12 %C
Trane
6%
r
11-
11-20
..
1
quar.)_—_*—_ BOO
,
12- .2
25c
,
/
12-
11-30
(increased
9
12-
11-15
11-15
$1.13
Wentworth
1-15
25c 1
(initial)
common
I
:/.£oundvieW;: pulp/Co.-^.;^ :^
■
on
preferred
$1.25
,
Common
12-
1-31
8%
8
$$1.12 /a
r
12-18
/
12-14
17-16
$1
$4 preferred (quar.)___«
West Indies Sugar Corp.
(s-a)
50C
dividend)
(stock
Stuart (D. A.) Oil Co., Ltd.—
'Class A participating preferred
2
$1
(quar.)
11-14'
;
Strawbridge & Clothier—
6% prior preferred A (quar.)
Struthers Wells Corporation, com.' (quar.)_
11-26
(quar.)—
11-30
2
■
(s-a)
11-
.
A
dividend
$1
—
Wesson
37 %C
12"10 is 11-
25c
Monotone Corporation—
$1.25 convertible preferred
Camp
50C
—
12-
11- 9
25c
Corp.
25c
............
12-14
/■■;,.
1-10
11-8
11-15
45c
11-27
Stratford Pen Corp.i.^.«^___w—i—
12-16
1-20
12-12
75C
Extra
15c
quar.)
12-2
Signal Royalties Co., class A (quar.)__^
15c
Signode Steel Strapping, common (quar.) —
62%c
5%, preferred (quar.)
—
Simon (Franklin) & Co.—(See Franklin Simon)—
Simon (H.) & Sons, Ltd., common (quar.) _
$30c
>'
5 %
preferred (quar.)
——
$$1-25
Simonds Saw & Steel (year-end)
$1.40
common
(year-end)
9
$26c
Participating certificates
Skelly. Oil ,Co.——
——
Smith (Alexander) & Sons, common (quar.)_
■
St Company-
(initial
9
11-15
.Sioux
12- 2;
■
—
9
50C
Company,
(initial)
com.
12-
$1
Aircraft
(J. P.)
new
12-
11-15
—-
12-14
45C
.
12-5
12-10
12-10
20c
D.)
$1
12-
i
Extra '
11-30,
(S.
25c
2
'
Class B (quar.)—
1-10
12-20,
(s-a)__„
2
11-25
4%
1
1-10
12-12
—
1-
11-25
pfd. (quar.)_—
Signal Oil & Gas, class A (quar.) _________
Solar
(increased)
1-
50o
;
—
Extra
Products
2-
12 V2O
(quar.)
(Northam)
Petroleum
Warren
75C
common
Brewing Co. (irreg.).
Toburn Gold Mines, Ltd.
(interim).
Traders Building Assn. Ltd. (quar.)
$i.i2y2
>
I-10
$10c
atores.
30c
v
12- 2
2- 1
5'
12-
12-15
t30c
Corp. $3 pfd. (quar.)__„
Corp. (quar.)
Company, com. (year-end)
$4.50 preferred
(quar.)_^**__;_-***____i*
Washington Railway & Electric Co., com.__*
Participating units
.•
5% preferred (s-a)
5%
preferred (quar.)
£
Wellman Engineering
(quar.)
11-15
12-10
Warren
11-12
$150
(initial).
common
Warren
2
11-22
60c
(quar.)
class; A
1-2
12-10
New
PhoBpnate as acio works, Inc.
Stowed Screw Co., Ltd., 'Class A
12-10
12-20
12-15
12-20
*
11-12,
15c
Shawinigan Water St Power Co. (quar.)—Shellmar Products^ common (quar.)_——*
3%%
preferred (quar.)_
Cocony-Vacuum Oil Co. (extra)
11-27
12-
5C
1
25c
s:
25C
75c
1-
75c
Simpsons, Ltd., \Va% preferred (quar.)
City Gas & Elec. (quar.)—-—•;
$3.90
preferred (quar.)
Sixth & Broadway Building Co.—
common___
class
5%
preferred
(quar.)
Storkline Furniture (quar.)
11-21
12-23
$20c
Candy Shops (quar.)—
Seismograph Service Corp. (initial)
Servel, Incorporated, common
(resumed) —
:^v-'$4.50 ^preferred^;:(quarO;-—
Cheaffer (W. A.) Pen Co. (quar.)——
(Laura)
11-11r
I 11-11 ti
12 V2C
12-12
87%0
35c
5%
Extrft
12-10
Company. (extra)
Brothers
! ■ Extra.'
Stokely-Van
12- 2
11-18
*11-15
12-10
Holders
Pay a ole of Rec.'
Visking Corp., class A (monthly)i3V4c
13 %c
Class B (monthly)
13%C
Detinning Co., common_____
$2.50
7% preferred (quar.)
$1.75
Waite Amulet Mines, Ltd.____
$25c
Walgreen Company, common (quar.)
40c
/' $4 preferred (quar.)____________________
$1
Walker (H.) Gooderham St Worts, Ltd.—*
11-15".
12-12
8c v
—
Common
Cash
.
Extra
St
Stewart-Warner
50c
When
Share
Vulcan
11^15;
.12-12
25C
(quar.)__
Year-end
Stern
>
12-12
•
Co._______-___i.__.
Aluminum
Stevens
25c
■.
50c
J/• $1
37V2C
(quaT.)
Spring,
Brotners
10-18
*
t
B
11-29
12-16
11-15.
Line____^__
Sterling Brewers, Inc.
Sterling Motor Truck,
1
12- 1
-';T
'W
sale
.
(A.)
11-29
..
;
Pipe
Indiana
of
Quarterly
Stanley Brock, Ltd.,
11-25
Remington Rand Inc., common
.
Stock dividend
$4.50
preferred (quar.)__
$1.12%;
Republic Petroleum Co., common (irreg.)—
12 %c
Bheem Manufacturing Co., common (quar.)
25c
; w4VSs % v preferred
(quar.)
~--*/• $1.12 %
Rochester Gas & Electric, 4% pfd. P (quar.)
$1
Bockwood & Co., common (quar.)
20c
■■Ik 8% preferred A (quar.)—
——$1.25
5% prior preference (quar.)
$1.25
Bolland Paper Co., Ltd., 6% pfd. (quar.)__ $$1.06%
Boos Brothers, Inc.
(quar.)
.
50c
Boxy Theatre, $1.50 preferred (quar.)
37V2C
Royal Crown Bottling, 5% pfd. (quar.)_
12J/2C
Boyalite Oil Company, Ltd. (s-a)
$50c
Buppert
(Jacob), common
25c
Extra ^
-l-__**-_**.;
.
250
4%% preferred (quar.)__—_
$1.12%
10c
Ryan Aeronautical Co.
(quar.)__
50c
Sabine Royalty Corporation (resumed)
$1
Baco-Lowell, Shops
25c
Safeway Stores, common (quar.)
$1.25
v' 5% preferred (quar.)
$1.50
St. Joseph Water, 6% preferred (quar.)_—
St. Lawrence Corp., Ltd.— >
1250
4% class A preferred (accum.) —
St. Lawrence Paper Mills, Ltd.—
t : 6%
$$1.50
preferred (accum.)
—_.
San-Nap-Pak Manufacturing Co.—
17%c
70c preferred
(quar.) __
.
45C
Scott Paper Co., common (quar.)
85C
:
$3.40 preferred (quar.) —
91V4C
Scovill Manufacturing, $3.65 pfd. (initial)37'/aC
Seaboard Finance Co., $1.50 pfd. A (quar.)25c;
; >$1 preferred B .■ (quar,)'.i_--iw*£^,*^-j
25C
Seaboard Oil Co.; (Del.i. <quar.)_*___*—***
;
25c
Sears Roebuck Co. (quar.)
f
Oil
Standard Wholesale
:.11-I5v;
12-14
12-14
,
i\
Co.,
Portland
of
12-14
2
11-16
12-16
*
the
Extra
v
,
Sherwin-Williams
received from
11-28
*•:
Jersey).;:(s-a)
'
2
.
1st preferred quar.)*-r*_*
Co. (quar.)
—
Reliance Manufacturing? uo;/ UU-J— v
// 3 % % convertible* preferred (quar.).*—*
Extra
(New
funds
12-
12-31
2%c
25o
'•4% non-cum.
Reed Roller Bit
•:
Co.
Per
/;Name of Compdny "■
11-20
66C
.
of
2
_______
•
Secord
■
12-14
>
Company
Beading Company—
'■
'
10c
(quar.)____
/ U
~v:
s
(initial quar.) ——....
; (quar.) *_-_**_-l-**.«./
common
Ray-O-Vac
«EXtra
>';• Paid out
$2&c
—
Band's (Pittsburgh)—
-
11-28
11-18'
Stein
r
■«•-/ $1.25
$1.75
.
50c
Extra
$1.30
Quaker Oats oompauy. 6% preferred...i'uuat.1
$1.50
Quaker State Oil Refining, common (quar.)
30c
Quebec Power Company
Oil
2
12-14
50c
;
,
preferred , (quar.)
7% preferred (quar.).™_■*_*t
Purity Bakeries Corporation (quar.)
,
.
Standard
12-
12-2
<12-
20c
Forgmgs Corp. (quar.)_______r___
Oil of California-__-__-_—.—
Standard Tube Co.,
—
;
Standard
Standard
,
—
•Public Service Electric A: Gas—
40c
2589
Holders
Share- Payable of Req.
(quar.)
12-20
12-
preferred
iv, 4."V^
/,
12-20
12- 1
45c
/
$1.60 conv. pfd.
1-15
12-
;
87%c
(quar.)
Corp. of New Jersey—
of Company
1-15
>
When
Per
Name
Standard Dredging,
12-31 ?.11-22*
12-
50c
5&VaC
41%c
—
Holders
Payable of Rec:
;
,
preferred (quar.)'
$2
!preferred:':l(quar.)iww^^—'."$1.75;
(quar.)$1.25
8%
7%
■
'
preferred
Service
7/v *' '• 7'v1)"i
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 164- ^umber 4543
$2,969,797: .$3.07^166
1,023 662
$2.70
.
1,023.662
.
;
:,
$2.81
net profit of $3,302,114 equal, aft®r preferred
$68,142, to $3.15 on the common
quarter of the current year.
This
requirements of
outstanding for the third
-
with
contrasts
In
the
its
out
that
out
th6
large
th..t
too
hampered
as
it stated,
sales,
material shortages. Its
result of
a
Under
its
large'
range
incurred
it
of
costs
postwar development program the company
$3,164,932 in the nine month period ending
of Unit—
(
'
(732.
P.
j
4'199)'r filed with the SEC "July-24
,
Nov.
on
and"
named
and
11
designated
President of
as
this unit- Tore
Gert ,Meidell,
Westphall,
Max
Regional Vice-Presidents.
- "
*
/
The board also named Hamfltdn O. Hale,, of
420
,
sefni-anriUaily
able
on
proceeds'; $55,000,000 will be used, to prepay short-term bank
$5,000,000 will be added to working capital. As of Dec. 31,
the
Of
loans
Interest at 2J/2% is pay¬
April 1 and Oct. I.
Y .
,t
<
1050 through 1966.
lments from
and
current liability $74,500,000 notes payable
to 12 depository banks under a revolving- credit agreement providing
for maximum borrowings of $100,000,000.
The interest rate was stated
to be. 1 VirA and the agreement expires .June 30,;. 1949..-/
Concurrently with the announcement of its financing the company
disclosed that its sales in the third qUarter.amounted to $158,498,210,
including $84,121,900 for internal revenue stamps attached to products
sold.- This represents a 6.2% increase over sales in the second quarter
this year. Comparable figures for the like quarter a year ago are not
available, but the. company's business in the three months ended Sept.
30, 1946, was 47.1% greater than the' 1945 quarterly average.—V. 163;
*p. 660.
Reynold's carried as
1945,
a
Oil Corp. (& Subs.)—Earnings—
Richfield
H.
-
operating
Other
revenue
:
i—
•
Frttfttf Httie"
Gross
v-!
revenue
sales and services
Cost of
29,921,48?
_
—
8,474,300
adm. and general exps
Deprec., depl. and amort.
Dry hole losses and abandon
Sell.,
5,381,804
:
1,435,01?
—
—
service
tains
Net
tewnue
L—$6,004220
.j
Non-operating income
Y
Total
Int.
income
notes
on
Fed.
inc.
&
$6,345,502
,72,061'
1,800,000
—
and advances—
taxes (est.)
pay.
profs,
exc.
185,134
78,468
$8,-782,051
125,598
$7,852,134
79,099
4,600,000
375,000
281,282
(net)
—
.
income
185,000
Earnings
$4,473,441
' $1.12
—
share
per
$3,371,453
$2,798,035
$0:84
$0.70
1
Fed¬
»On 4,010,000 shares of capital stock. tEtfcfusive of State
eral gasoline and oil faxes.—Vv 164; p: 1783.
•
(k W.J Rickfel & Cb.v Deifblt,
;
—V.
1946,
profit
•
Current
and
cash
liabilities
1946
$170,392
$859,520
'
•
;
!
:
•
ir.y:."' " ;:'/v".v '
,w
Cr95,000
420,000
100,000
t$58,959
.
<
■
$439,520
The
'
'
4
O-
'V
a
of 3.65 to
ratio
f
'1.;
-
1.—V. 163, p.
2587.
Y. C' 8 & %
«
Corporation
The
,A
'
-
4 '
r
>->*
'
Co.,
Trust
Exchange
15
5
with SEC—
'
<
k kff fji$fw.''
'? *Y ' >Vr'
-
-
,
^
to
J.—Files
.
receive
Afractional shares-of > common as result of stock
split-up. Proceeds will, go to the holders of outstanding'scrip in ex¬
change for such scrip.—V, 164, p. 1125.
The company has filed a petition itt Federal Court at St, Louts to
a reorganization plan formulated in 1944 on the grounds it was
and inequitable" in view of unexpectedly high post-war busi¬
ness volume and lower interest rates.
j
;
{
block
♦'unfair
The
after 12 years of preparation,
Federal Court and a suit by stockholders and
participate in the reorganization was overruled
reorganization plan, drawn
1944
approved
■was
by
the
to
by the U. S. Court of Appeals last
-
;
■
income
Other
tlncludingr
deiay
for
Other
,
1.6,379
deductions
February.—V. 164, p. 2449.
in
usea
:
,
.
j
per
common
161,283
NOTES-^-(D
.
'
St.
Regis Paper CJo.—To Increase Output-^ Y
;
Y
;
Pulp & Paper Co. and plans of
Co., to construct a new $10,000,000
kraft paper nrili, "we are assured of a kraft paper center in
Pensacola, Fla„ capable of turning out 400 tons a day, or enough
kraft to make over 500,000,000 multiwall bags a year," Roy K. Fer¬
the
merger
Florida
with
President,
guson,
12.—V. 164, p. 2449.
announced on Nov.
•
Safe Harbor Water Povfrer Corp.—Invites Bids—
The- corporation
19
(12
noon
EST)
$19,131,009 of first mortgage 4'/ss, due
.
•
\
,1
Y
has issued invitations for bids to- be considered Nov.
on its proposed issue of $14,000,000 first mortgage
series due 1981. The company will apply proceeds
fering, together with other funds', to redemption of its
bonds,
..
.v. ,;. ;
,
:•
/■. •
.
19'79.—V. 164,
;•
■
.;
.
.•
from the of¬
outstanding
T4,383,07r
1,181,554
'
,
;
' •
.
.
,
.
>;
t
Treasury-and War Bonds,' $236,725; Dominion 6f Canada and British
War Bonds", $108,088;' accounts -and notes receivable—trad^ tnet), $1,-
831,752; accounts receivable-—other (less reserve),-; $11,218; inventories
(at lower of cost or market); $3,753,267; non-current-receivables and
investments, $54,751; plant and equipment-^-at Cost (net), $3,254,857,;
patents subject to amortization; $6,274; cash deposited with trustee
for redemption erf Corona-Typewriter Company preferred stock, $111;
prepaid Expenses and deferred charges, $169,867; goodwill, trade marks
and formulae, $947,9b'5; total, $12,275,077... .
~
payable—trade and other, $540,312; divi¬
dends payable,
$162,856; TO-year serial debentures, 3%, due Nov. 1,
1946, $175,000; United States income and excess profits taxes payable,
$144,325; United States income taxes accrued, $520,900; foreign income
and excess profits taxes payable and accrued, $52,588;. other taxes and
expenses payable and accrued, $851,962; coupon book and Inspection
contract;liability, $210,315; 10-y.ear serial debentures,- Issue of 1940,
payable 1947 to 1950, $092,000; reserve for redemption of Corona Type-,
writer
company preferred stock, $100; reserve for branch offici fire
insurance, .$50,168; reserve for unrealized: losses,on. foreign, exchange,
$68,541; capital stock (322,569 shares no par)., $4,484,991," .Capital sur¬
plus^ $583,250; earned surplus (accumulated. since May 31, 1934),
Period End. Nov. 2—
1946—4Wks.—1945
Stores
Nov. 3,
'
1946-^4 Wks.—1945
$65,354,639 $54,383,694 $690,252,214
Sales
in operation at Nov. 2, 1946 were 2,418,
1945.—V. 164, p. 2325.
as
$548,443,303
against 2,450 at
14,"V-' :
*
' ;
...
7:
Consolidated
*B'.
Brewster
earnings wfth
earnings
Jennings,
9 Mos.
:
Year End.
End.
Y'v).';:'/.
Sept. 30, '46 Dec. 31, '45
(estimated).--—^-**$36,000,000 $42,300,000
,
net
4,702,338
5,024.832
1,256,407
1,193,03O\ 4,771,770
$536",608
$0.54
$0.61
5,024,798
4,773,175
v
$70^12?
$1,772,475 '
$2.03.
$1.7$
to
reasons
it 1$ not alwayi
companies in exact alphabetical
aro always gs near alphabetical
mechanical
arrange
However, they
^
Colorado Power
>
-
jOejfreciqtioA-,! v V
President, stated ,that comparison of these
first, nine months of 1945 would toe mis¬
those for the
leading because of adjustments made at the end of 1945.
C0.-^-Weekly Output—
feleciric Co^—Earnings—
1948—12 Mos"—1045
1946—Mohth—1945"
$320,406
$344,607
230,381
239,598
57,096'!
60,030-
4
$7,540,892 ' $7,886,841
3,252,568
2,236.339
/ 708,291
677jl€CI,
'
•
•
-
—
7,200
" *7.200
:g0;4OO
00,404
-
—
153,892
148,560
1,782,337
2,536,471
-
V
$118,003
t 21,037
$92,153 -$l,719,296" 0X,33ff,534
21,037 - - - 253,430 - 1 252,450
"
,.
^
v"
1
..
A148
1,773 " * 1,773
-
'
• -
debt disct.
v
-
1
1
148
expense—!—
Other deductions
Net Incomer
Dtvs. on
"
—-
$96i704
2,477
934
Y--!-
^
■»
,17,494
8,396
_
-
$68(491' $1,447,579
■'34,358--\
290
1-
34t358',
)5fd..Stock—■
'Balance^
w-V, 164, p.
;
1915.
'
$1,007,915
;
Al,035,283
$34,133
$62,426
;.412,296
$853,613
-
■
^ Y1'' * ^ \ '
r *■
y »« »
I '
Southern Natural Gas Co^—Earnings,
* r'f *
t
r
in '
;•
etc';—^
Y'" ^ ^
*!:
>-L!^ompany onl^ *"-<<»
UonsoIida'te^~—y»'
1946
*1945* " ,
.N?1945
Operating revenue
$i3,917,466 $12,994,224 $18,886,747 $16,585,373
Gas purchased
3,842,890
3,694,997 /4.267.1861 '3,722,516
Operation
2,048,278
1,768,581
4,102,587 ; ,3,092,550
Explor. afrd develop!Y661,49Y
273,535/ ;/ 716,059 .: '' 265,806
Maintenance
—" 485,819
415,296 %
799,276
565,059
Deprec., ' depletion j and
;
-;u i:,
'• :/v---'^1.
amortization
: ! 1,^^50 /1,0^183
i,630,000 ■ 1,476,109*.
-
.
:
12Mos;Encf. Sept;30—
.
^
.
,
.
;
/
than
other
Taxes,
taxes
inc.
■
"
J Net
..537,974
.
,
/1,474,653 )
and BtaJe ipOf txs,
Fed.
435,129
1—;
and
Int.
-
Net income
*$3,545,209*
$3^40,723
stecklL—/ .1,849,484
1,119,762
,
.
1,849,484
—lY
—;——
$9,019,425
v
other deducts.
Diva; on 'com.
*
$4,219,538 $4,243,069
674,239,,
495,187,
income
996,165
,'
-. ^
~
Gross
1,071.404
558,327
167*661
$4,617,244 .$4,460,664 ' $4,945^233
328,665 -,
558,761.
242,163,
$3,784,469
earnings
Other income
$.5,187,395
u
839,770
$2,890,663 P $4,347,625
1.840,484
"1,649,484 "
f;*Nct ihcoihe for tH^ 12 months to 86pt. ;30. 1945 (company and
fconsolidated)
of
as
•
credit
been
to earned
dated
mission
has
afportization
Special
a
March
6oNdense£>
'i:%; -v
'
;'f '
assets—
Gas
Socony-Vacuum Oil Co., Inc.—Earnings—
Period—
"
4,704,901'
.
v
plant and
.
retroactively
in
Cosh'
U; Si
—
adjusted
1946.
30,
_
>•
-
SE#T. 30V 1946 rlY/
Consolidated)' / ^
-v.-;—...' Co. only " consoi. - /•
(Conrpany and
;
—;!.•*.*—i-,-
receivable—less
Deferred
taxes,
stock
*fatal
!—!_
and
reserves
merchandise—„—_
etc.—,—v
Insurance,
charges
Capital
9,741,260
19Q,98,7
6,758,117
1.237^-184
5,810,047 ;•
L—_:
.
Federal PowCr Com'-'
ptfqliOrty^!—-- $48,115,948 $74,992,400
Materials/supplies
preimld
depreciktioin reversed
BALANCE- SHEET AS AT
TrCasUfy securities, at cost and iccrrt, int.
Accounts
eliminate. $1,020,291
to
of pervice ljfe
excess
surplus pursuant to Order of
investment and special funds
p. 3325.
'
Safeway Stores, Inc.—Current Sales Incr. 20.17%—
$16,274,058 $15,202,438
$2,980,645 $11,569,077 $10,500,100
$753,377
-
1915.
fntime ILL
GrOss
$648 in. 1945 and
CONSOLIDATED" BALANCE SHEET, SFPT. 30, 1946
ASSETS—Cash in banks and on hand, $1,898,190; United State's
•
$4,165,095
1,178,450
$3,203,517
share
Com.
per
164„ p.
,,;
52,674,572
1,103,714;
Amoltiz.1 Of
$0.76
$0.10
:
$3,737,770; total,. $12,275,077.—V. 164, p.
—Earriing?M-,
:.l940—12 Mosv—;
$71,3^1,496 $67,132,205
$14,457,63^
' 824,005
.'. LIABILITIES—Accounts
Through
C(j,/
'
161,283
;
.
Its subsidiary, Alabama Pulp & Paper
.9,288,162
55,840,076
;fcf. On lbn$-ternf debt-.
$240,502
rentals of typewriters and other
' *
7,731,293
1,256,426'
Provision for taxes
..J-z.y-
Net income includes $3,702 in11946,
administrative 'expense.
12.249,700
1,019,908
Amortiz. '.ot -;pIt, acquiRr
c
equipment, part of the costs of which is included in selling, general
;
23,355,094
10,391,023
dividends—__
Proy.? for
•
and
9,767,924
1,396,478
Southern Indiana Gas &
$2,803 in 1944 representing net income of the English subsidiary com¬
pany and $509 in 1945 and $9,731 in 1944 representing net loss of the
Canadian subsidiary company (translated at official rates).
/
^
(?) Salfes include service sales and
2,349,485
.
$30,318
$0.5ff
share—---..
11.547,959 114,897,504 104,344,574
7,801,996
94,738,55768,738,874
$4,133,764 $3,857,082 $13,63L420'
251,307'' ^ $08,oi3
.722,030
,
102,295
680,11$
.
:
$163,155
Dividend declared on com. stock
.
741,012
Period End. Sept; 30—
QrdS3 revenue -'—
Operating expenses ...
$1;062,527
' 33,618
Cr23,898
652
profits tax;.:
—'
Foreign inc. & excess-profits taxes
14,225.
Adjustment of taxes ^rior years.-,
* CtlZt
excess
incom'e
:
output'6f this corripiny for the WdeH ended" Nov. 9, 1946,
totaled
2,259,000 kwh., as compared with 2,076,000 kwh„. for the
corresponding: week last year, An ihqreasS ot 0,8%7.' 164; p. 2450./,^/.
,1944 ;
43,24$
Federal normal and; surtax..115,476
Net
MOs.—1945
Electric
Siibs.)
$84,390
31,072:
37,710 '
•
1940-^0
'
$.
: v' $•$.
11,567,164 115,102,372 104,524,701
27,862.
.19,205
204,868
180,127
dividendsr____
Southern
1945
$63,397^ $1,036,774
20,993
25,754
$331,300
—_
& teiegT&tfi'
1946—Mqnth—1943
position as possible.
1945
"
$314,024
r---*r
Total fftcome
lAcforfeAt
period,
:./ i j
—-
adjustments
Operations-....-
such
to
/$84$."
,
profit frorix
$445,719
J,082,505
income
NOTE-~-For
'
'
1946
' *
42,859
081,340.0
Smiiir & C#ona Tyi»ewriters^ Inc. (
Oep't.
.
deductions
order.-
' $^,116,658., $2,863,873 $4,826,573
'2,401,571; ~ ; 1,737,774 l. 2,836,040
Selling, gen. & administrative exps.
1,351,489
1,022,443
915,323
PfoV. for. deprec. & amortizatiOri..
43,674
'
40,260 ' , 38,437
Net
yev..
income
,
other -than, taxes; on: Ihcdmek.
-
$489,578
12,875,117
ib^cdme Y-Y-
Gtb&s
—V.
Net ts"ales
COst Of sales'
;.
St. Louis-San Francisco Ry.—Opposes 1944 Plan—•
unsecured creditors
(t. C.)
; 3 Months Ended
Earnings
,
company on N6v» 7 filed a letter. 5f notification With the SEC
shares of ($2 par) common on behalf of scrip holders who were
The
entitled
:081,348.0
-
Place,
for its common stock, without par
"j
flncluing' iax^s
^
oper.... revepue—
iton-oper. revenue-
$5,359,247
$2.13%Y/-^80.68
.
?YRon$oh Art Metal Wo*fcs, Ihc., Newark,
for 99
981,348.0
,
$300,904
.
.
.
34,964
$34,364
Bell Telephone
jSepi 30-'-"
Remainder
$6,484,106
981,348.8
$3.87
9,795
tax
Net
Earned
881,057^
$2,089,520
.
.
$57,880
after charges—;
Common
$3,014,909
102,39$
'
$1,220,539
.511,633
VX 306,840 X
.30,770
254,403
revenues
Preferred
765,400
$3,882,707
1,423,4*8
421
applicable
profits
operating,
Net
$3,262,024
408,20^
764,300
income
ontstdg.
at
Of period-^
))er >6om. share,
Federal
discontinued acting as its' dwritransferagent
corporation4
appointed
i
to- portion,
Int. & other
:%
comparative purposes, the income account,
has
been reclassified to cdnfOrm ' With; the; classification
1946.—V, 164, p. 1914.
.
Pendleton, Inc.-—Transfer Agent—
has
•/'.
greater
78.43%
were
to
$1,652,613,
..
1946
while shipments for the first
greater than those of the same
;
Jersey City, N. J., as transfer agent
value;—V. 103, p. 319,
v
V
$7,499,686
156,155
-
l,46a,oi;o
Cto2S
Southern Calffornia Edlson
4,349,631
NOTE—Fm
.//*>-•<!
'
.
of
quarter
14.32%
yj
securities. in
30,
Sept.
»\. l' % : '*-'*•
and
$8,286,758
785,383'
190,200
>
$1,177,603
$65,556
•
30,312
Period fend. 8ep(f.
'
$2,476,641
j'v
7
$37,666
•r
; /
30— i41946^-3 M6k —r945 , '
Operating revenue.!— $19,429,728 $17,969,566
Totttl Optet? expenses—
13,295,964
14,112,484'
$70,391
■
$6,032,842 otf Sept, 30, 1946, including
the amount of $2,660,625. Current
1946, including provision for Federal and other
amounted
assets
Roeser &
third
•'-"/ •
1
amounted to
taxes,
Net
Net
»■>>%
/Vi,$8,442,913 $8,380,743
312,007 •573,496
1,046,800
2,4<»,000
rentals and ICase cancellations.
?;<• • ;
ir
135,000.
were
government
on
>
3,096,500
60,878
VM. «['■■*
161.303
—
Uncollectible! oper,
31,039,653
shs.
Earn$.
1946—9 Mos.—1945
quarter of 1945,
third
the
of
period a year ago.
•
tJa
512,901
.190.200
,
l946t-^TO.—1945
3,357,500
$3,821,820
(net)—
110,024
v
excess
Period End.
;.
38,769,644
5,353,937
-4,7*0,959
.
'
15,850
.
.1,189,500
.
15,850
Operating revenues..
12,847,256
Operating expenses11,325,532
Operating taxes
439,219
JLl.144,809
1,486,517
1,851,368
.1,249,500
income.-.._
income
Com.
$185,706
the
during
months
Oper.
H-S. Close
•
...
-
——
those of
14,782,267
etc.
Prov. for. Inc. taxes_^j._
,
-..Shipments
i
"Costs, oper. 8i gen. exps.
Depletion & deprec._
42,350
preferred stock——r_.
on
Operating
$21,704,964 $16,297,467 $55,767,839 $46,585,470
__
im.,:etc.;/ohtanded debt
$18,750 for the third
of 1946 and 1945 and $53,625 and $69,150 for the nfhe months
and 1945 respectively.,
•
*
<
J- $
v
than
operating inc.
4,526,796
.602,980
361,330
debt
-
Southern
t
Up 50.7%—
v
$3,208,147
of the reductidfr tA
by reason , of deduction, tif costs incurred
in refunding, of securities./ The
special Charge and the reduction' of
.taxes; aie both non-recurring items. The reclassification of the special
charge is in accordance.with accounting requirements of the regulatory
commissions.!—V. 164, p? 1915. -v
; ^ ;■
5 • • >
. -
.
..1946—3MoS.^rL945.
$0.26
NOTE—Depreciation amounted to $18,975 and
nine
Sept. 30—
$7,967,141
Y--—:X $800,964
NOTEYAiportiZation of debt discount^ premiunx ShA
Net
Etui
405,439
41,770
;
1946—12 M0s.-r 1015
/
$646,389
Balancer
Federal
Exchange contracts in common
certificates stamped io indicate the
in
$82,895
,
cap, stock and- State
franchise taxes.
quarter
of 1946
deliveries
$660,749
expense...
income
equivalent
6 difectecf ihaf. beginning NOV.
on Nov.
settlement of
$0.29
,
:/ *After reserve and other charges; fUoss.
;
;
Skeliy Oil Co. (& Subs.) —Earnings—
Gross
,
idtisct.,
-^V;,fl64^ pi 2450.
$95,141
Sept. 30— Y'v 1946—3 Mos.^-1945
—-$302,706
t$l53,959f !
Net income
6ales
194G—Month—1S45
■
^spfeeiai chargiexM the
1014.
p'.
and
possible
Prov. for Fed. income-# :v*
t-.
164,
.
Net income
...
Period End.
^
stock may be made only with
change in name from United States Realty-Sheraton Corp. to Sheraton
164, p. 2326.
158, p. 93.
*Net
r• ' ;
' •
Corp., of America.—*V.
Tptal
Ritter Co., Inc.—Earnings—
-
Conn.—V.
^tocA I Exchange
Yprk
Net
outstanding
r
'
164, p. 2058.
Other
i.-if-r-*;
share on 325,000 shares
per
4
■
SHeraltotf Corp. of American—Form of Certificate—'
and Fed. income
taxes
Earns,
^ ■■.
3i—
1945
1946
after depreciation
income
Merideh,
Corp.,
tExptoratOry costs,
lilicfc.—
Years Ended Aug. 31—
•
Net
(
1046—M6nthVl94^
1946-—$ Mos.-—1945
—^L-w_-.wLi$i71,577,953 $107,408,775 $4169,148,986 $729,429134$
.Period
Net
Scotland.
Sears, Roebuck :& Co.—Octobfer
22,
Y
Po#ef Co.—,
—
long-term:
Dividends
Schick Inc.—Elects-Two New Directors-
—V.
ttital
a
acquis.
deductions
Net
.
5,100,000
contingencies*
Provision for
$7,773,666
$8,596,917
Other
Douglas DC-4's,
new
pit.
income
On
prem.
f tri-weekly basis' between the United States, Den¬
on
of
Gross
Int.-
Harold ,,C. pentev,. of Minneapolis*.
Minn'., Arid ;jCfuthriC, of
Merideri, yConn., have" been ^dded td tbA bdard Of directors.Mjr,' Genter, aq industrialist with & wide range of interests, in
Midwest and Eastern companies, was one of the original owners of
the. Toastniaster Toaster Co'.
Mf. Guthrie is President ot the* CUfid
Sales
extra
depreciation;..
of
Amortiz. .of- debt
modified to seat only 28 passengers,
for comfort's sake, are used on the North Atlantic route and early
next year wiH be augmented by Boeing Htratocruise'rs."
'
T "
Survey flights are now being; conducted by SAS between Scandinavia
and South' America; and scheduled traffic later this> month from
Scandinavia to Ria de Janeiro via Africa is planned;—V, 164, p. 1914.
fleet
A
i
"
The dividend Just declared' wi.l niakfe
share-paid during 1945.—V. 164, p. 243J,
':
adjustments _j
Prov. for; taxes—'——
:
'
.
here from Scandfnavia of Mr. Fisthet,
arrival
mark, Norway, Sweden and
NC w
i
-
corporation, formed oil Sept. 18, Vr.H be responsible for ticket
sales, promotion, ground service and legall and" other representation
for 1;he Scandinavian Airlines System
(SAS). The system was formed
o'rv July 31, 1946 by the Danish Air Lines (DbL), the Norwegian' Air
Lines, (DNI), ; and the Swedish Intercontinental Airlines
(SILA)' to
operate transatlantic routes for'the three companies and now mainT
Period End. Oct.
$56,839,057
42,451,988
34,981,565
7,334,376
6,381,792
7,990;438 *. 5,678,721
2,559,261
2,023,313
-
for
Amortiz.
•}'
The
Engineering
$51,276,818 $68,932,980
.
Unger-Vetlesen.
Mr
until the
Assistant
tive
last
SoutA Carolina
ProV.
as
y
Unney who has been assistant to Mr. Nilert will act, as Execu¬
:
-•
divid^rid eff 25 cents per
stockholders of record as of Nov, 16.
"fbis
dividend of 15' cents per Share d£(:lar6d at
Operating : expenses
Nilert,
Maldel
Mark
and
Ave,, New York, N. Y., as Secretary; Alvar OhlssOn'
Fredrik W. Fischer as Exetoutive Assistant :to the
Lexington
President,- according to
!;Stcn
1946.
1945
1944
$51,276,818 $68,651,840 $56,406,133
281,140 k
432,924
Sept. 30—
9 Months Ended
tSales
f"
extra
an
50%
a
Y;/Y;;
year.
.
Reynolds Tobacco Co.—Borrows $60,000,000
from Equitable Life—The company has borrowed $60,000,000 from the Equitable Life Assurance Society of
the United States. This loan is payable in annual instal¬
J.)
(R.
declared
13
to
1X Period End. Sept. 30'—
Gro,;s revenue
:-Y,
Treasurer, .'and
as
14,
art
time;
75 cents per
Y.),
Chinlund, Vice-President and Treasurer of R.~ H.; Macy Si Co., Inc;;
F.
which this company has
in
Company
.
consisting of Georg Unger-Vetlesen, Chairman; Gustav; WedelIr\VicePresident ahcf General Manager of the East Asiatic Co., and Edwin
met
deducted in ths
Dec.
this
of
,
operat.onal
payable
compares' with
(Sc'atndinair) —Officials
,
.
directors oti Nov.
share
r
Oil
■'YY/4Y'VY
Declares Extra Dividend of 25 Cent?—
The
(par $1) was withdrawn
YY
u
Airlines System
Standard-Vacuum
interest,.v
i
The board of directors of Scandinavian Airlines System, Inc^XN.
1946.
30,
,164
Scandinavian
These
costs which
arise in connection with pre-v
organization and training at a number of locations were
determination of current taxable income and, accord¬
ingly have been offset partially by an estimated tax credit of $1,241,850.
The
balance
of
$1,923,082
will be
amortized in future periods.—
V. 164, p. 2158.
"
'
*
,
1 • '
Sept.
:
-
were
current
year. The sales increases being more1 than maintained it added. Much
of the aluminum being produced by the Company it was pointed out,
is going- into bu.ldmg material to help alleviate the' housing shortages.
stated
4*—V.
NoV.
third quarter than in the entire first half of the
greater in the
«
The registration statement (No.
last, Covering 80.000 shared ot dbihfhon' Stock
plants which it leased from the government" didn't
scale production until early in the summer. It pointed
its operations in the first six months of the year were
aluminum
into
a
of
Co., Inc.—Registration Statement
Pak Mfg.
Nap
Withdrawn—
pointed
earnings" the" company
San
earned on the
profit of $118,301 or 5c a share
corresponding period in 1945.
net
announcing
huge
get
a
in
stock
common
Monday, November 18, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
2590
——
expense___^
—.-!!!----^
291,692
.1,153,459.
-,.015,080,
,
1,636,007
1,37.6,334
31,303
Ol.SSO
% *148,267. / '523,951
61,292
"
65,458
:
NOTE—The above figures- do not include any equity in the Earnings
——$65,968,348 $86,872,424
:v'." ;-.v-:'.4/0:
-/r'M.-
.
:^ry0?;'/'•■;!■
'
\
\
\
"
,
••
/ ".
,
v."
•'
■
:
,,
.■;• v.
'
'v..'
.
| ;••
,
.
■
■
£''"
Volume 164,
■'
v■
X
v.
.
J;y
;');0000.t
Number 4543
u:f'M
.
'
THE COMMERCIAL & FINANCIAL CHRONICLE
,
LIABILITIES—
Common
stock
Prcrniiun
(,$7.50 par vai
VP
.
10,569,031 $10,509,091
,
on
2,380,275
2*/v
notes
Notes
payab
A'ocounts
and
Accrued taxes-
accrued
702,510;
6; last.
—--v-i-w—
liabilities—'
Other accrued
for depreciation
surplus
($12,848,263 company and $13,«
ulricted)
115,455>consolidated, re;i
■
NOTE—On v June
1046,
28,
.
the
'sold to
company
"notes.
of its
amount
July 2»,
nt
on
835,559
•,
*
,
Mississippi Gas
coneiderction
Securities
of
Co.
$2,480,546.
«.nd
its
1st
Chattanooga
These
those
of
p. .2326.
I
,
,
^
K.
V
two
Co.
of
to
"
v
.
^
-
>J
*
V
for
v
J*
„
'-I'v
fi fy
"l''"j"
,
^outliern Pacific
'
since
^
i
July %
s^V1
t
* r*1
-
the
all
i0
v
i
,,,
share
.per
#.
^
?h*
-
,,
declared
was
f^
►/
j
6
Dividend
and
Initial I
outstanding shares of $4.50
60
call for
redemption
cumulative
P".
:5
preferred
cents
a/ailab.e
per
quarter
immediate
share
common
d.vidend
for
March
cn
15,
stock
$1-50
June
for
15
1946
and
will
paid in 1945.
of
40
declared
were
cents
and
in
Sept.
amount
this
16,
to
$1.80
dividends
year,
share,
per
as
Nov.
13
order
etockholders
elect
to
an
give
and
opportunity
y>
to
14
Nov.
on
committee
a
solicit
on-
of
represent the
$4
followed
argument
preferred
$4
stock at
a
outstdg._w._
Af
ir
of
f
for
to
/•
37%
record
75
Dec.
to
be
1946, making
which
the
to
share,
per
is
equlv-
two-for-one
1943—9 Mos.—1945
$7,923,639
3,749,456
,,.3,747,667
$0.63:.:v;. ,»' '62.56
;■
foreign income
months of 1346
comparable period of
OIL Co.»
Early m 1947—
31,
1943,
year
an? ,Payment of preferred
and
Federal
cents
cents
cents
$2,359,937 $11,111,080
$1.02'
jy°r theiirst hine
over the
16.6 id
25
Subs.)—Earnings—
3,747,667
share,
Sun
annual
meeting Dec.
of
of
1948—3 Mos.—1945
$3,809,170
-7-rr-
Per com,
-
2124.
p.
preferred
the
total
a
special dividend
{&
Period End. Sept. 30—
Earned
of
»
.
;
dividend
^ caPJtalization prior
Sterling Drug, Inc.
;
; ' '
1
.
August, 1946.—V. 164,
riS, ea.rnm®3
Com. shares
its
contest
a
in
^-III nrnwili y
provision
amended
in
proxies
•
.
*per
)
,.n
against
Co.—Proxy Contest—
Commission
declared, makes
1946.
v
1
extra
an
ten
the entire
payable Dec. 12 io holders of record
regular quarterly dividend
of
12 V2
cents
the
•fnm
split-up
Vi¬
the company
equal
directors
two
Exchange
declared
con-
the
stock,
the
11, 1947, to stockholders of
dividends of $2.50 per share for
total
the
V
-
12,
with
for
,
•
payab e Jan.
additional
an
common
which
"^he directors also declared
payment.
addition, the
and
6£are
Dec.
paid
Nov.' 9
on
the
on
30,
plus accrued and unpaid dividends amounting
are
share
Nov.
to
dollars
•
Extra and Special Dividends-;
directors
monthly
million dollars, bringing
a
'-v,
company.
the eight
was
m.llion
a
$5,930,610
highest
grcater than the net sales for
.'.V#,
■'
"A'',,',, .• ■■'v '
■
per
resolution
a
Standard Gas & Electric.
'
-
adopted
over
Mos.—1945
history of the
previous
October
.■
•
Jftfo4rSa*es are r^2'^04,370
Preferred
^•v>- -
*
Cos.^
of
The. Securities
'
■,
average net .sales to
1'■
1
'
rV;",''
■
t
directors. declared an initial quarterly dividend of
67Vsc per share on the $3.50 cumulative preferred stock, payable Dec.
16, 1946 to holders of record pec. 2, 1946.—V. 164, p. 2450.
^
1
Redeem—$4.50
the
which net sales exceeded
W
^
pxonttis,
that
^is year.
a
20
common
la
''^^^ahi^ri^oii System Jlarris.^-
■«'"-.<Ioc, Separately Operated, Solely Controlled Affiliated
cents
Common
share. Funds
fourth
a
of
total of
a
/■
r,
v
of
made
184,
1946.—'V.
jv
higher
cents, payable Dec. 16, 1946 to holders of record on
Novi 15, T946. Together with the
Quarterly payments of 40 cents each
approved by the'
June 25,^1946.
The consott- <
ended Sept. 30, 1346 includes
companies
*
vl
'
1646—10
t$10,524,900
for any month In the
,
value, payable Dec. 20 to holders'
Inc.—To
Extra
Nov.
on
per
Dividends
form
^dividend
total
a
»
^
1
1946—Month—1945
,Ja_^_^"*$l,311,261
$829,187
A new all time record
share was made ph Sept.
paid on' Jhly 1, -1946, the
paid Quarterly .cash dividends
93
par
Period End. Oct. 31—
Net
sales
164,
Brands
1946
$1.01 Vi
•
banks."
were
r
♦>
r
„
Dee. .6,
on
mortgage pipe
Gas
transactions
and
operations
1
10.—V.
Sterchi Bros. Stores,
Iiic,-^rHas Record Sales—
,
cents
70
^?J50 Preferred Stock— .■/:>■;
on
Simultaneously, the-com-"
1946
Exchange Commission on
dated statement of income for 12 months
^
Dec.
sVThb directors
:
»
16,146,033
group
a
of
of
share On the
to holders bf record Nov, ';
per
^
line
corking fund bonds outstanding in tbe principal amount of $12,998,000
uhd retired its 2V2 %
serial notes and lMifr
notes in the aggregate *'
principal, ampunt of $1,540,000.
The company also
purchased, from
its parent, Federal Water & Gas
Corp., all of the outstanding common
,
dividend
dividend
cents
stock dividend
preferred stock, no
stock at $110 per share
1/any Calxed'for redemption
the
100%
Stock—Declares
$65,968,348 $86,872,424
$22,500,000 of principal
stocks
$3.75
Standard
V
1,237,573;:
r
,
' 13,897,381
>
Total
.
•
30
85,324
43,175
1,237,673
./
of
*
ancl amortization, etc.r.. 12,123,648 ,18,589,607
Contributions in aid of construction..;;——"
Capital surplus-'
Earned
the
to
juwual quarterly
record
Pfemi.;43B':dcbt,:;in;^rope^s?^fc;;aip^rtizatioait;«fc^i^:r-'&;^v*us-ii\^;;i65^9v
Ifeterve
Prior
-
the
of
131,541
18,267 y
The
;
on
3,450,127
.
120,609
;
;
r
,*'
.u.oxc/
interest
extra
an
dividend
company on March 6 and June 5, 1946,
of 50-cents iper share on this issue.
"
1,279,709"
-
interest,
quarterly
a
par J$10». both payable t)ec. 9
quarterly distribution oT ^0 cents per
A
.
9,000,000'
ir80'000"
761,219''
--Wes■:
payable
Accrued
13,800,000
-9,000,000
29.
to banks
e
Customers'«deposits
;
'.
13,500,000
0^4
the directors; declared
12,
and
cgTiTmon-stock
'"8,532,000''
^.
v
Nov.
share
per
713,497.1
First .mortgage'
2% serial
On
"
2,380,275
Capital jstcak of subsidiary ,po; held by
2591
(A. E.)-Staley Mfg. Co.—Extra Common Dividend—>
,'v
3,749.456
dividends
taxes.
vv
and
.■
after
v
wore $20,850,993. an increase
1945.—V. 164, p. 1915.
PhUadelphla-—Plans' Stock Distribution
>
*
•
'
.Period End..Sept. 30.—
1946—Monthr-19$5
r.
The
;
1946—2 Mos.—19J5
tion
Py.
-oper.
Ry.
Optr.
revehues.i—
40^728,114»' 46,1>3oMii^4M^eW4d^^^ ;
-
expenses—..-
34,920,823
amended
to
order
in
vacate
its
oral
entirety
Nov. 13, which, among other
tf«rnisit the committee wkh A
41,047,310 317,693,328 224,717,901-
the
the
on
Commission's
peti¬
order of
company's
previous
things, would require the company
$4 preferred stockholdei*s.
*
directors
cen"s
to
v
practically
The; Commission
i Net
froiw iryj kjper.
rev.
Utrenrp'.oy.
ins.
State,
taxes—
and
county
city
Net
.
<netl___..
Cr78,269
3,155,487
3,330,555
28,099,488
6,669,948
-5,675,690
income
18;630,795:
^
1,016,924
8,812,645
Miscell.
deductlops
charges
Contingent-charges
48,987
.1.
164,
income
:
controlled
of
55,820
affil.
cos.-
2,159,713
IConsol.
188,046
.
..
"adjustment-..--.
Cfcneol.
*
net
Cr 17<L8C5
.
income_u
2,505,056
•Excluding, s. P., B.' R. Co.
certain
to
bonds
of
from
income 01
Gross
of
controlled
Perlod-
16,825,038
2,437,388
Mexico...
'
'
affiliated
1946
companies
The company will receive bids up to
converted
269
(iv)
50-ton
hopper
steel-sheathed
HP.
low
cars,
50-ton
D'esel-electric
side
(iii>
12
Int.
on
in
.
freight locomotnfcs,
mortgage
The Southwest
bonds
of
Public
Service
Co..
that
their
bonds
for
voting
lirst three
named
the
of
assets
expire
with
the
The
70-ton
box
to
Products
and
of
.
of
ballast
in
the
tem
Federal
Other
Net
expenses
Income
Dairy
Central
Products
Oklahoma
stocks
of
the
v
-
Dividends
the
effect
of
.
with
An
amount
■
*f .4 f
r
g
3,104,10711,670,366
4,594,879
4,097.554
20.025,329
4,117,500
16,927,500.
taxes
reduction.—V.
164,
was
p.
*•"+
*■
i
y/,^
A
-v
■1."
will
line
and
plans
main
its
from
increased
be
by
line
^'.v.OivfJ!..
at
completion
the
provide
for
another
line
between
main
line
Slaughter,
trunk
Tex.,
system,
and
from
Drum-
68,000
•
$1.40
'
••
'
pef
164, p. 870.
12,
1946,
^
'
'■(>
and
extra
an
dividend
both to stockholders
of
^
cents
?
'
.
25
of record Nov. 27,
'I
,
pdin |ns. Co., Knoxville, ^Tenn.—Files with
'00*
IrfJr Elder,
!LS,
■
■
n■:
with the SEC-
share.
m
writer,
Co.,
Chattanooga,
used lor expansion of
business.
shares
(no
par)
Tenn.
Proceeds
Mineral Wells, Texas—Files
letter of notification
a
with
Textron Inc., Providence, R. I—Files
with
Th.e« 5«mI)^ny on Nov. 8 filed a letter of notification
12,000 shares of 5% convertible
preferred, to be
change for shares of class A common of Textron
Southern.
increasing
There
will
SEC
SEC—
with
be
the
no
parent
public
company's
offering
of
the
offered
Southern
of
the
Price, $100 a share. Proceeds will*
equipping a plant, Issue not underwritten.
for
purpose
be
common.
be ttsed for construction
and
the
Under¬
will
*
Nov; 7 filed
on
for 3,000
y ' y -yy
on,Nov' 6 filed »letter of notification
(?° P0ar)«capital stock- Price- $9 a
Wheeler &
equity'Tn
EEC
in
ex¬
Inc. "for
Texti'on1
the1 shares.
"
?
CONSOLu EARNINGS FOR NINE MONTHS
ENDED SEPT. 28, 1946
i
■
♦Net profits
stock interest in
subsidiaries by Textron, Inc.
;
;
>
<
y Bank loans * of Textron Southern, Inc., have been reduced to
$2,000,000, Royal Little, President, said, and the cotton
position of Textron,
its subsidiaries, and Textron
Southern, Inc., was hedged prioT to the
recent decline in cotton
as pipe is available, the capacity of
system
will
be
further
increased
to
of
265
miles
18-lnch
of
area.
Rangley
Preliminary
in Colorado,
plans
call
for
a
loops.
12-inch
Field,
to Wamsutter, Wyoming,
present 10-inch line of Utah Oil Refining Co.,. and a
Wamsutter to Casper, Wyo.
This program would
from
line
to
50,000
then
be
system
In
from the Rangely Field from approxi¬
per day,
Shoud these lines be built,
to expand the capacity of Stanolind's
Casper, Wyo„ to Freeman, Mo., by installing
from
barrels
the
on
and
present
116
miles
line
of
and
16-inch
laying approximately
loops, increasing the
81
ca¬
Minn.,1 by
of
10-inch
of
way
pipe
Minneapolis
from
Whiting
and
to
St.
Paul.
Minneapolis,
This
and
line
8-inch
pipe line from Minneapolis to Moorhead. Laying this line started in
August, 1946, and is scheduled for completion by December.
The line
will be placed in operation as soon as
pump stations and terminal
facilities
are
from
completed,
;
Casoer
this
of
Wyco
and
to
which is
estimated
to
be
about
Feb.
1,
1947.
and
Pipe
in
is
now
operation
Line Co. are
and Denver,
Colo.
Wyo.,
being acquired, and the line should be
the middle of 1947. The stockholders
by
Standard
8ocony Vacuum Oil Co.—V. 158,
M.T.
.
31,
holders
the directors declared
share
p?r
issued
and
of
and
extra
an
outstanding
record
Nov.
12.
regular quarterly
a
dividend
of
stock,
common
Payments
lo
cents
dividend of,
share
per
on
both
payable Dec. 2 to
made this year follow:
already
Jan,
3,, Mavch 1, find June »1, 20 cents each;
Dividends paid in 1945 totaled 80 cents
and Sept.. 3,< 25 cents;-;
share.—V, 164, p. 2060.:
per
Tilo Roofing Co., Inc.—Extra Dividend of 15 Cents—
On Nov.
share
8, the directors declared
an
dividend of
extra
cents
15
per
and
a
regular quarterly dividend of 25 cents per share on the
stock, both payable Dec. 16 to holders of record Nov. 25.'
Previously this year, the following distributions were madet March
15,"
15 cents;
June 15, 20 cents; and Sept.
16, 25 cents.
An extra of;
10 cents was also
paid on Jan. 10, last.—V. 164, p. 096.
common
Timken Roller
Bearing Co —Earnings—
EARNINGS FOR NINE MONTHS
•Net
U.<.;
p.
OU
Co.
•After
effect
The
Texas
_
Co.
v.v
^ :V>V4 -i
„
ENDED SEPT.
30,
1946
:
—
provision
to
tax
a
laws.—V.
of
$722,200 for income
credit
which
could
$1,194,357
164, p. 15.
\x? >'
Toro
;
taxes,
result
under
and
does
present
$0.49
riot
give
Federal
tax
£
,
"
' v,
I--,'; -«y
.
*>-'■-
-
',*/',v i \
*
*
,f
*•
Manufacturingr Corp. of Minnesota, Minn.—-Files
with SEC—
The
company
for 23,375
for
Nov.
on
8
filed
letter
a
of
notification
working
funds.
Issue
not
underwritten.
Tri-Continental Corp.—Declares
the
directors
initial
Dec.
have
stock,
common
distribution
24,
last
declared
payable
of
year;
20
cents
none
dividend
a
Dec.
24
per
since.
The
tive
with
the
SEC
shares. Price, $12.50 a share. Proceeds will be used
common
general
to
J
30-Cent Com. Div.—
of
30
holders
share
'
was
T
,
of
cents
per share
record Dec. 5.
made
,
on
this
issue
on
An
on
00*0
regular quarterly dividend of $1.50 per share on the $6 cumula¬
preferred stock was also declared, payable Jan, l to' holders of
record
494.
Ai./'i.';
(Ind,),
profit
Earned per share on 2,421,380
capital shares—
The
con¬
line
Right-of-way
Cheyenne,
267-miIe-line
comnleted
•
•
Oct.
cents
the
to
expanding and increasing, the capacity of its. own
crude oil pipe line system, Stanolind,
acting as agent for Standard
Oil Co. (Ind.) is constructing a gasoline line from
Whiting, Ind., to
Moorhead,
2450.
p.
outlet
of
addition
On
25
necessary
stations
of 12-inch,
pricest—V. 164,
Tide Water Associated Oil Co.—Extra Dividend—
to
soon
construction
Stanolind, acting as agent for Wyco Pipe Line Co., will start
struction
in the spring of
1947 of an 8-inch refined products
,
•
lateral
River
construction,
this
on
pipe
consists
164,
i
last
.
new
this system from 22,000 to 44,000 barrels per day.
This
would provide additional outlets, for crudes from the Rangely
Northwestern Colorado and from
many fields in the Wind
River and Big Horn Basin areas of
Wyoming.
1 c
v
I-
Nov.. 8
»
14,
X
w.U amount to $4
and
to
the
line
pacity
;;for
„
8-inch
one
program
Field In
.4
^1946—Month—1945
1946—10 Mos.—1945
Consolidated net sales-- $11,876,469
$7,098,468 $84,974,013 $53,091,073
-r-V. .164, p. 1915.
'
/ f
t
south
25,000
additional
Period End. Oct. 31—
.
the
line
would
pipe
%/"-m*;a
Spiegel, Inc.—October Sales Increased 67.31%—
this
Mo.,
Stanollnd's
Wood
under
Mountain
the
from
mately
charged
capital.—V.
average
20-inch line from Drumright
line has been completed
new
a
of
LaPlata,
the
Rocky
increase
p.
^
of
to
erected
into
10-inch
offered 30.000 shares of cumulative convertible 5% pre¬
ferred stock at par ($10). Proceeds will be used for the
purchase of equipment and working
2450.
: w"
miles
148
and
now
miles
75
paralleling
N. J.—Stock Offered—
on
far,
So
station
the
line
'
White, Noble & Co. and Clair S,. Hall & Co.
to
pipe
Stanbllrid is; 'also considering, the expansion of Its pipe line System
in
about
2450.
sys¬
'
2,744,597
brought
barrels
will be supplemented by
capacity
miles
Other income
Ind„ with 20-inch
daily, making, the
Whiting,
to
42,000
126,000 barrels per day by
15,555,000
Federal
by
West; Texas-Drumright
this
19,051,918
2,443,301 V
Okla.,
company's
85,000 barrels per day.
As
16,307,321
22,468,630
•
Sept.
1946.
'
Freeman
being
now
It
662,562
$1.90 per share
14 to holders of record
on
paid during 1946.—V. 164, p. 1253.
•'*
f't 3
il
I
SEO—
»
right, Olfla., which will Increase its capacity for delivering West Tek*3-
' JJr444,082'.
4,7€0f116
i
fields, and con¬
companies.
connect various fields in Gaines, Andrews,
Eqtor and Winkler Counties.
Two intermed'ate main line stations are
19,496,000
*27,164,215
Dec.
with SEC—
Tulsa, Okla^—Expands—
Early in 1947'Stanolind will extend its 16-inch West Texas-Drumright
wrhich is now serving the Slaughter and Wasson Fields in West
11,401,198
Sperti Foods, Inc., Hoboken,
$3.52
Stanolind commenced looping its main trunk line
capacity
station
a
Texas,
*
4,894,914
tax
$3.77
-
line.
29,662,834
offsetting such
$1.15
$!$£.
Statiori to be erected in the near future to further increase the capacity
this lateral.
42,108,461 177,826,006 163,906,231
27,290,578 127,521,496 103,346,199
in
45,804,444
thereby provide a complete 20-inch system from Drumright, Okla.,
Whiting, ln<L, a distance of 632 miles.
Crude
6,818,862 *11,469,929
reduction
14,951,365
divlderid of
paid
^orp.—Declares Extra Dividend—
payable
?°LShaJe' extra was
pa.yable Jan- 9- 1947,
1946.
No
of
1946—12 Mos.—1945 U
*
.
by cost In connection with debt redemption.
6,800,000
17,736,397
$1.37
i*.
Drumright,
This
The
of
{..1:
626,799
—
*Includes
:
"5,221,678
,
9,200,000
48.930,458
delivery capacity on this main dine system approximately 250,000
LaPlata
p.. 3160.
4,117,500
Net
2,200,000
provisions include amortization
Whiting.
to
reor¬
IV..
Dr27,328 ;?jDrl34,798*2*4,^695,585
deductions,—
711,937
share,
per
on
and
Co.,
5,249,006
(net)—
678,605
cents
The directors havAdeclared
the usual quarterly dividend of 25
cents
4,194,799.
237,312
ri
payable Dec.
35
Tennessee
53,316,381
203,981
nSf compares with
Preferred stock,
This
26.
of common
$3,658,884
Earnings per common share; after preferred dividends
$3.43/
is now in use.
As pipe is
♦Including those of Nashua Manufacturing Co., but
received this w.nter, 119 miles of 20-inch loops will be installed be¬
excluding Textron'
Southern,; Inc., an affiliate,
Comparative figures for 1945 are riot'
tween:. Drumright{ Okla., .nnd Freeman, Mo., arid: in the spring of f
; available.
000 00
1947, approximately 163 miles of 20-inch line will be constructed from
The total profits are after
LaPlata, Mo., to Manhattan, 111.
Later, when pipe is available, an
deducting $624,926, representing earnings
applicable to minority interests and earnings
additional 202 miles of 20-inch line will be laid to fill in the loops
prior to the acquisition of
Service
3,010,645
income—
Total .Ineome—U—^'
Interest
3 Mos.t-1945
L "
? $
r
2,547,075
taxes—
oper.
Othef"income
'*
taxes—
'6,745,979
58,859,064
./the" present system consists of two 12-inch lines and
aggre-;
Dec. 1* 1946— * *
voting trust for
46,265,629
35,458.903
1,705,549
17,388,677
4,000,000
barrels per day.
Co.^Bohdholders
on
Utility
The
2,024,259
debt—
taxes
(est.)
its
between
Southwestern Bell Telephone Co.—Earnings-
revenues
575,417
21,940,378
1946,.
from
increase
total
S".
.
Operating
Operating
year.
Co.—$1.90 Dividend—
^red
compared with $3.50 in 1945.—V.
48,546,165
1,005,614
(est.)
In May,
line.
'
District, of Qklahomq dated July 1,. 1946.—V. 137,
1946-
51,117,470
193,378
facilities, the extension of facilities to new areas and
struction of two! refined products lines for affiliated
(v)
companies, and all bonds which have not been changed for
voting trust certificates prior to Dec. 1, 1946, will not thereafter
participate in, or have any rights under the said plan for reorgan¬
ization,.
This is pursuant to an order of the U; S. District Court for
fe'.¥:
15,489,750
largest' pipe line 'construction "and extension program in the
line industry was announced on Nov. 11 by F. O. Prior, Chair¬
and Bruce C. Clardy, President. This program, which
already under way, includes Increases in capacities of trunk line
is
•
cars,
and
cars;
cost
& Share
°V?n,Ci5',1946' and 35 ^nts on March 15,
cuoria dlv:dends Paid or payable during. 1948
share, as
28,882,278 *35,946,649
of the board,
man
said. bondholders to exchange,
certificates for common stock
of
the
the
Nov
Nov.
88,855,258 263,599,147 262,718,875
60,774,774 183,599,399 178,226,061
The
.
ganized
Period End: Sept. 20—
last
00,1111100 stDck issued and outstanding.—
13
•
said
$he Western
15,
ct a sPlifc-uP °' six shares
e
W
.5®x^Titrified^^Pipe Co.,
companies to which, under plans for reorganization,
last three named companies were transferred, will
the expiration
ijn S' 2°
1252
Telephone Bond
-'..i-vyi'1
$
276,627
Stanolind Pipe Line Co^
,
the
trust
$
'.i'v-!"
of war facilities which
were
fully amortized at Sept. 30,
1945 as follows: third quarter¬
ns,229,118; firstnine months—$3,685,948.—V. 164, p. 2193.
ail-steel
(iii ,150
''
'
Southwest
Fed.
•The: 1945
164, p. 2450.
Co.
right
t>-v^
19.639,491
—
vkeb^busbfne' -per
Tbe Southwest Ice & Dairy Troducta Co., The Southwest Service Co.
The Central Dairy Products Co., in a notice to the holders of
the
Dec.
on
.
at office.
EST Dec.' 3
cars,
164, p
1946—9 Mos.—1945
*12,590,734
——
Net income
and
announce
stock
nf
V
(& Subs.)—Earnings—
pipe
>••
.
6-inch
■
for
income
net
1945
y
,
noon.
Right to Participate in Plan Expires
llrst
on the common
Sfnri? fnl S
also available.—V.-
.
funded
on
-
Frov.
-
Utility Dairy
is
10,079,503
-Total income
to
»
already distributed
forwarding such ma-
Jan.! to Nov. 7-*—
all-steel
100
V '
Southwest
out
uhii
Commis¬
the
payable
to stockholders
,
iioirLlo cC?nt®mPlated that the directors will recommend to the stockvL u^}
annual meeting of stockholders of the company, which
stork
in n^nviHo
rfH^18, .1Et7' th€ 4ncrease °f the authorized capital
SrPQ
additional shares of common stock and the issue of
depl.
naisceh income
'< Other
credited
not
included
1946
-'
'
gondola
40-foot,
gate not leas than $9,500,OOO.-t-V,
♦
to
stock,
1945,
any action respecting the declaration
on the common stock..r A 10% stock distribution
lu
was.
•
equip-,,
70-ton
;
stockholders
has
from
material
company's
99,946,739
70,227,745
4
Income
Dividends
of
John
B.
Hyde, Vfee-Pres'.dent,. 70 Pine St., New York, for the
purchase of $7,600,000 equipment trust certificates series "MM,"- dated
Dec. 1, 1946 and maturing in 20 equal semi-annual instalments from-i
Juner15, 1947 to Dec.i 15, 1956, both, inclusive. The proceeds will
pi-ovide not more than 80% of the cost of the following new
10-6 000
evidence
committee
refrain
to
1946—3 Mos.—-1945
amortization
Operating
$5,501,008^232,834,619 J282.O75.530f;
Seeks Bids on Equipment Issue—
rpent; ii), 600 ali-steel
furnish
to
the
common
k
haJe n0^taken
committee
the date
tReoresentlng dividends
companies
1945
'
$5,121,165
deprec.,
Other ineome:
28,781,299"
tRepresenting interest
—Week End. Nov. 7—
'
the
■
16,697,901 -25,723,744
Southern RaHway—Gross Earnings-r-
GWaaeafdihga i----^
until
charges——
for
Prov.
System but net charged against income
sNet loss.—^V. 164, p. 2450.
• j
1
*
by paying companies,
whom
requested
income
oper.
Operating
P. Transportatoin
S.
committee
to
been
^
102^869 * «1^70,112^ 1,577,606
Crl74,805 Crl,573,249 Crl,€q3(949;
Dr76,000 ^ Drl24,COO
P.
solely
is
to
.
solely controlled affiliated
Transportation System.
S.
of
income
received
material
prior
mailed to
outstanding,
the comPany Dec. 16,
•
but
order,
the
nor
2326.
p.
&
"*
■
adjustment—
previous
material
Standard Oil Co. of California
solely
IConscl.
have
Period End. Sept. 30—
43,750^242:
612,567"*** 426,293'
17.599,124
17,458,403
564^
1,031
2,014,666
,2,142,204
.
the
brokers
that
tertal ta clients
640,956
34,769,436
*
VNct incojne of S. Pt
Transport. System♦^iet
4,220,199
1',621,453
.
its
company
the
on
i-^.
i
,
Fixed
the
solicitation
solicitation
proxy
directed
also
material
"
Totar income*
initial
reaffirmed
neither
proxy
share
Per
record
quarterly cash dividend
37.874,553
899,644
'
income-
oper.
It
sion
erT52.686
15,007,072
the
that
distribute
by the company.
11,081,293'
1,990,460 S 2,069,254
73,555
47,169
(net)
requirement
further
that
57^923,236
CrG3353
•
the
shall
6,255,838
9,036,712
657.158
rents
ry.
Other
^
taxes—.
rents
added
••
taxes
Dquip.
646,560
1,245,330
476,571
W,760,949
Cr2,067,502 Cr2,105,46ICr21,O39,295
Miscellaneous
Jt. facil.
596,913
755,239
46,934,350 138.011,198*
5,777,211
6,072,354
4,903,292
.
taxes
Federal
5,805,283
646,717
\
taxes—
Nov. 6 declared the usual
r^rtrwrKT
«oC0VnL0f
Nov. 23, 1946.
ox
'
Fed. ^retirement
on
Dec.
13.—V.
164, p. 2194.'
THE COMMERCIAL & FINANCIAL CHRONICLE
',
2592
Monday, November 18, 1946
HiKim
United
Merchants
-
^khufacturers Inc.
net profit for the year ended June 30, 1946 was
equivalent, after preferred dividends, to $6.89 per share
shares of common stock outstanding as of June 30.
<There
are
presently outstanding 3,892,608 shares.)
This is after
deducting all charges and making foreign exchange adjustments.
The
reserve for contingencies, amounting to $3,500,000, remains unchanged,
as
it is felt there Is no present need for increasing this reserve.
The.
the
C&rfOlifters flew approximately 1,336,011
of $2,233,363. r
working capital shows an increase
to
addition
In
undistributed
of
earnings stated
earnings for the year
the
were
Air
^
!.s<1 ~'Lj
"f .
,
of the board of directors, and the stock-.:
holders
at
the annual meeting held Feb. 13,
1946, the authorized
number of shares of the common stock was increased from 2,000,000
Co
4,000,000.
A iurther increase to 5.054,850 shares was authorized
at a special meeting of the stockholders held on July
16, 1946. On
July 18, 1946, the 54,850 shares of common stock in treasury were
retired
On
Aug.
14,
1946, the common stock was split and each
stockholder of record on July 26, 1946, received two additional shares;
the earnings.
tor
«f
5%
v
Textile
and
concern
acquired the/ outstanding: iptqrest in
TheVcohipany formerly owned 75% of this
Corp.
Co.
Union,
Mills
results.
:
1947.
i,
to
through the use and occupanys
insurance
knitting plant, which was located at
large
■ •
the
close
of
Wholesale
shares
shares
income
Preferred
shares
against
comparing
brokers'
in
53,3f8
a
of
a
foreign
896,654 shares a
in New York State
names
Shares
with
Sept.
while foreign
5,305,718
at
'-Total
of
shares
year
a
Sept. 30, 1946, totaled
30, 1945.
stock was owned by residents
30, 1946, comparing with 474,692 shares
holdings of preferred stock on that date
A
and exc. prof, taxes
contingencies—
for foreign inc.
11 Prov.
for
Reserve
were
made
per
for
726,316
Operating
a
of
$150,000
sold
in
Net
■
filed a letter of notification with the SEC
certificates of contingent indebtedness which are to
•
.
i
<•
.
Total
Dividends
69,391
$18,716
33,726
23,227
15,840
income
61,626
$41,735
———
5,334,049
Net income for second quarter.
Net income for first quarter
Balance
taxes
$91,300
—V.
164,
!;•«:
dends and
interest
25,000
profit at Sept. 30, after inc. taxes-
$54,300
$31,938
Vulcan Corp. (Ohio) —Earnings—Arrearages
1946 and $107,628
on
Net earnings after providing for taxes and
Earnings per
ferred
1945
;
$9,808,109
hand, in banks and
The
par
5,317i506
of
on
value, payable Oct. 15,
the
14,201,097,
are
Notes
balances
of factored
Trade
accounts
payable,
etc.—
687,900
3
dhare
sundry
expenses,
for
Reserve
excess
Federal
liabilities,
ac¬
cumulative
no:
profits taxes
contingencies
,
;—
stock
(par
-
surplus,
Common
since Aug.
stock in
1,
1932
7,336,027
14,038,527
—ti9,446,956
r_
3,500,000
$1)———
Capital surplus
—
treasury
Total
•
7,787,665
2,174,077
27,703,092
0r427,O51
3,500,000
1,113,097
5,669,500
'/. 7,771,790
1,578,283
22,231,010
: Dr430,891.
$86,674,793 $60,397,589
tAfter
deducting depreciation reserve of $9,182,786 In 1945, and
$15,039,399 in 1946.. tAfter deducting $5,891,500 U. S. Treasury tax
savings
notes,
series
C.
savings notes, series C,
flAfter
and
deducting
$3,400,597
U.
accrued interest.—V. 164, p.
J
.
and has been
liabilities
'
.
Vice-President,
Notman,
1
•
.
said
-
•
,
Statement
..
The
on Nov. 6 declared a dividend of 10 cents per share?
stock, payable Nov, 15 to holders of record Nov. 8.
A.
paid on Jan, 2, Feb. 15, March 15, May 15, June 1515, this year, and on Feb. 15, March 15, May 15, June 15,.
the common
amount
Aug.
was
As
$4.10 per
Ar¬
1945.
Period End. Oct. 31—
.
Sales
12
Operating
Operation
S.
Treasury
1332.
.
'
net
1946—10 Mos.—1945
1946
v
for
cause
of
30,
of
INCOME ACCOUNT,
'
8,604,808
8,225,432
Int, on mktble.
913,195
war
chg.s,
deferred
847,572
1,038,974
Other Income
conditions
925,799
exc.
Total
255,900
lncome.-i_l*.i«
$35,668
18,652
17,061
—-
$17,015
taxes—
49,759
1-_$2,130,409
9,219;
.—^_
$2,379,578
1,206
on
Federal
$2,238,115
Z)r20,017
Wise.
income
Gross income
Interest
.Net
$2,139,628
$2,380,784
1,051,729 4
904,744
on
$1,291,352
470,015
470,015
y
preferred stock-
Net income-
926,746
1,039
164. p.
$643,876
2061.'
«
•' '*
•£;
-
y?7
,
.
$1,006,025
c
rv'
^
$821,337,
.
Ii
28,000
10,750
;
.
$27,176
$35,477
7,950*
Cr32,700
; < $15,965
BALANCE
on
2,303*
CrlOt58T
'
$23,118:
i;
sales of securities,
SHEET, SEPT, 30, 1946
V
'
ASSETS—Cash, $1,060,713; U. S. Government securities (cost $100,-$102,844;
dividends and
interest receivable,
$1,804; account®
securities and capital stock through brokers),
000),
receivable (due on sale of
;
!,
.
S.23T
10,075
Cr26,715
p
$28,020-'
'
"
'
BaJance
j
-
15,49^-
26,400
Cr76,709
State income tax_
,£• ♦Amount applied against profit
income
Dividends
$1,476,040
444,023
deductions
"
17,500
$2,218,098
$1,087,899
and other
54
$43,513*
$40,291
$28,711
\i>:'y.
bank loans
•Adjustment—
y
$54,872 /
14,581
$45,772
admin. exps._
and
Profit
662,000
Int.
Other mcome
•
190
852,375
prof.; taxes
866,669
608,440
Gen.
916,234
830,139
•Net operating revenues
4,938*.
-y /' V'f
92,504
94,931
945,043
ZIZ2
:
Prov. for Fed. Inc. &
459
w*._—,-_■
636
1,772
y.
$38,52®-
$54,236
$43,810
1,717
1943
1944
1945
$33,491
secs.*-
sees
be¬
-
taxes
NINE MONTHS ENDED SEPT. 30
1946
Divs. on mktble.
9,559,129
oper.
Depreciation
General
Sept.
amount
1944
1945
$14,633,815 $14,327,797 $14,025,634
revenues
Maintenance
—V
.
Sept. 30—
C:/
directly to the
$12,706,791 $10,491,827 $116,893,062 $96,129,184
Months Ended
y//,• /-:/;
1946, a net amount of $315,851 had been credited
company's earned surplus,
This sum, representing the
capital gains realized through the sale of securities*,
after temporary provision for taxes for which the company may beliable, does not appear In the income statement.
The market valueof securities remaining in portfolio at the end of the period was?/
$118,898 in excess of cost.
7,
of
As
1946—Month—1945
.
Giving effect to divdend of 8 cents per share paid on June 29, 1946,.
decline in net asset value is, therefore, 9.33%.
A reserve for*
Federal taxes, provisionally established at about 10 cents per share, iri;
also reflected in the Sept. 30 net asset value reported above.
?!
the
Accumulations on that issue were wiped out on
paid up to date.
Prov.
Minority interest in capital stock and surplu3''-::
of subsidiary companies (consolidated)——
3,558,266
5% cumulative preferred stock
(par $100)—5,369,500
Common
5,065,246!
and
income
for
Reserve
$2,525,000
10,644,780
foreign
and
and no
assets
Wisconsin Investment Co.—Financial Statement—
of Sept. 30, 1946, the net asset value of the company's' stock wa$;
share compared with $4.61 per (Share -reported on'Dec. 3l»:
on<
preferred stock,
$1.50-per
dividend of
—V. 164, p. 1917.
6,363,063
—
crued
D.
and
Walgreen Co.—October Sales Up 21.1 %-*=-.■
8,148,450
$10,554,445
clients——
'
no
Aug. 31 and Nov. 15, 1945.—V. 162, p. 2863.
Washington Gas Light Co. (& Subs.)—Earnings—
-
Credit
Earned
743,706
,
(banks )--
has
Thd directors
$86,674,793 $60,397,589
payable
1945, so that total disbursements are
Vy/^Y
y
now
company
registration statement (No. 6678), filed with the SEC Aug. 14,
covering 1,647,077 shares of common stock (par $12.50) was with*drawn Nov. 8.—V. 164, p. 1638.
Jan. 31, this year.—V. 163, p. 3333.
LIABILITIES—
share.
a
1,
paid on Nov.
was
Withdrawn—
\
reserves—$231,939
1946, to holders of record Oct. 5, 1946.
566,068
(not consol.)-
Total
Pays Final Liquidate
Westinghouse Electric Corp.—Registration
933,448
companies
associated
,v
1848.
p.
$0.76
a>
$4.50
341,113
in
possible.
holders of shares should
turn them into the Liberty Bank of Buffalo, N. Y., for redemption*
This corporation resulted from a merger of the old Liberty Share
Corp. and Western New York Securities Corp. in May, 1941. Stock¬
holders on Sept. 4,
1945, voted to liquidate the company.—V. 155,
on
——
-
recently declared
accumulations
1,947,072
Other assets
————1,226,549
tFixed assets (less reserves)
12,473,193
Deferred charges -—-w«————j.—~—,
866,087
Patents, goodwill and trademarks———...
3
Invests,
alphabetical
disbursed
share,
a
rearages on this stock after giving effect to this dividend amounted
to $21.50 per share..
r
Dividends with respect to "the $3 convertible} prior preferred stock
10,894,425
-
———-----—-
alway*
not
alphabetical
liquidating dividend of 60 cents a share on the capital stock
on Nov!. 1.
1946. An initial liquidating dividend of $4.50'
final
A
was
like
share (after providing for three*
regular annual div. requirements on pre¬
stock
directors
account
8,755,764
refundable——'y:y——
profits tax
excess
Other receivables
as
Western New York Fund, Inc
30, 1946
common
J; 1,355,647
Federal
is
.
•'
.
FOR NINE. MONTHS ENDED SEPT.
quarters of the
' 1946
■
in transit—
$10,995,208
Trade accts., notes and accepts, rec., less res._
11,665,506
Accounts and notes receiv. purchased, less res.
9,791,100
tJ. S. and foreign government bonds———
12,423,460
Merchandise inventories ':ij
23,930,968
ASSETS—
Cash
it
1128.
RESULTS
JUNE 30
BALANCE SHEET,
$377,431
f
Will & Baumer Candle Co., Inc.—10-Cent Dividend—
1946.
tlncluding
§After deducting
In 1945.
CONSOLIDATED
net
reasons
to arrange companies in exact
However, they are always as near
position
Reduced
Estd.
—V. 164, p.
ilAfter deducting postwar credit of $31,626
*
credit' of $722,600.
special
In
of
Government bonds of $509,166 in
$429,714 in 1946 and $363,950 in 1945.
of
179,75®
142,073
mechanical
NOTE—For
order.
1946 and $435,189 in 1945 and profit
interest of $660,910 in
sale
$3.99
fIncluding dtvi*
>Consi"sting primarily of commissions and interest,
•from
Vy
$557,185
$670,368
2061,
p.
possible
$56,938
37.000
bef. prov. for inc.
mos.
5,334,049
9,098,705
$6.89
transfd. to consol. statement of surp.
194,440*
146,842
,
$528,295
14,995
taxes-
Net income for 9
Estd. prov. for Federal and State income
.
6,548.
$751,623.
preferred stocks
on
$745,07®
4,732
available for dividends
Net income
William
.
$80,342
$111,126
.income
expense
Cr364,919
Earnings per common share—
2,632,695.
$812,478
$817,210
dissolved.
1945
1946
y
73,170
Canadian taxes, less
applicable taxes) of
material subsidies—
Taw
j
'
$3,705,395
2,892,917
(including inc. taxes & deprec.)
:
1945
$3,377,772
1946
income
Gross
$5.10
Virginia Iron, Coal & Coke Co.—Earnings-
5,407,219
8,733,786
profit "• —_U-_-_—
and 238,.
1,495 a year
Wholesale accounts were 1,660 as against
p. 1917.
164,
operating income.
Non-operating income —
8
Nov.
on
varying amounts. Proceeds will be used to erect and equip
Total
'
.Adjustment of prior year's
repayment (net after
$10,091,000 1-$6,494,000 $84,567,000 $44,569,000
-
ing Dividend—Has Dissolved—
•.
company
20-bed hospital.
Net
<•
39,998,000 .,21,568,000.
3,280,000
revenues
:
'
■
i
I
$3,214,000 $44,569,000 $23,026,000
Net
The
500,000
519,399
consolidated—
:
5,351,000
Operating exps.
1,251,468
be
Portion
subsidiary companies
-1946—10 Mos.—1945
1946—Month—1945
$4,740,000
Months Ended Sept. 30—
quarterly dividend of 20 cents per share has been declared on the
1,613,000
9,253,185
profit before deducting minority interest
of net profit accruing to min. stkhldrs.
Net
55.5%—
March 1,
on
Quarter Ended Sept. 30—; *•
of
^
.
Western Light & Telephone Col., Inc.—Earnings—
9
Victor Valley Hospital, Victorville, Calif.—Riles with
§6.503,400
.y——
$1.7®-
$7.16
$1.02
<
Retail units in operation at Oct. 31, 1946 and 1945 were 240
respectively.
$1 Common Dividend—
sec—
16,001,406
4,265,000
?
$2.27
taxes on income.
State
——
earlier.—V.
stock, payable Dec. 1 to holders of record Nov. 15.
An initial
distribution of like, amount was made on Sept. 1, last.—V. 164, p. 2195.
783,241
1,252.667
profits taxes
excess
879,817
$1,319,714
• 751;36&*
providing .for depreciation and Amortization and estl**-
sales
Verney Corp.—Dividend No. 2—*
■:
15,218,165
687,170
Federal Income taxes
for
Provision
3,309,807
$770,510$5,379,721
751,368 ^ ^751,368'
751,368
sales
Combined
^ t /
2,199,531.
8,689,528
509,122
$1,710,995
Period End. Oct. 31—
sales
<•••."
*
1,279,632
1,056,648
taxes ;
Federal and
Wholesale
•
„
2,767,643
taxes—
outstanding——
Retail
1945.—V. 164, p. 2451.
share has been declared on the common stock,
14.
Distributions of 50 cents
June 1 and Sept. 1, last.
Payments in 1945 were as follows: March 1, June 1 and Sept. 1, 40
cents each, and Dec. 1, 80 cents,—V.. 164, p. 12195.
$1
18,285,544-,
7,028,926 ' 34,644,162
Interest and other deductions
dividend
"
1946—9 Mos.—1045
$8,094,147 $39,829,009 $19,812,-212
12,547,545
.
4,680,000
—
—
v
;v
Sept.
Van Raalte Co., Inc.—Declares
11,329,159
20,138,022
——-—
——
tOther deductions
Provision for Federal
"S]
:/
1946—3 Mos.—1945
<
$14,213,563
-
Earnings per share.™
before.
year
shares of common
countries on
164, p. 735.
October Sales Up
with
totaled 52,517 shares, against 55,824 on Sept. 30,
The
■
-
NOTE—After
same areas on
2,157,143
against
459,955
before,
year
holdings in the
shares
of
comparing
1946,
30,
Preferred
total
A
A
1,519,228
income
30,
earnings—
Net
;v;^T.:yr^yyJy;;/yy;
lt)46,
30,
stock
Sept.
on
,
2,169,438
each
18,613,794
Operating profit
fOther
Sept.
Prov. for Fed. inc.
Sept.
on
52,313
before.
.
15,132,986
expense
$610,987
♦$8,950
Total-i.4—$26,761,108 $15,123,073 $74,473,171 $38,097,75*
of common stock in States, other than New York, and
including the District of Columbia and the territories, totaled 5,428,061
26,547,324
administrative and general
$46,672
$40,000 and $31,200, respectively in the 12
1946 and 1945, by extraordinary deductions
by
Earnings before Federal
common
Selling,
$2,411,761
1,800,774
$887,942
"
business
of common stock for each
two-for-one
split-up of the
the number of shares issued,
Holdings
25,425,547
1,121,777
1,360,395
432,696
/y; Dr2,583
y
$423,746
>
-18,269
$2,685,867
1,797,925
1,587
•'
434,508
Period End. Sept. 30—
sales—Retail
•
share
••■••-•—- • "-yy
before.
year
$
32,391,385
of nidse.-
10,976
payable Dec. 2 to holders of record Nov.
1945
$
396,300
$2,414,344
r
^.Western. Auto. Supply^'Go, (Mo.)-^Earnings—
.
doubling the present common dividend disbursement.
The next
meeting for dividend action is scheduled for Dec. 4.—V. 164,
802,186
129,831,425 103,854,277
97,440,040 78,428,730
——-
— —
other than from sales
•Gross income
of record at
additional
of one
authorized the
12
Holdings of this corporation's common stock in New York Stater
Sept. 30, 1946 totaled 2,013,050 shares, exclusive of shares held in
names, comparing with 2,026,188 shares a year before, it was
announced on Nov.
11.
Holdings of preferred stock by others than
brokers in New York State totaled 1,328,543 shares, against 1,336,478
shares on Sept. 30, 1945.
Common stock held in brokers' names in New York State numbered
which company carried.
Langley, is already being
increased facilities.
y,-,yr-;.
•
.
.
.
-
brokers'
INCOME'ACCOUNT; YEARS ENDED JUNE 30
■'•/■■■;;.y;
sales
of
Cost
748,300
$2,667,598
105,000
$422,159
$481,180
tReduced
ended
months
United States Steel Corp.-»-No. of Stockholders*—
C., where company will have
(consolidated)-..-—.——
INet sales
stockholders
common
held,
thereby effecting
a
stock.
This action will double
totaled
1946
60,600
Net
special meeting held on Nov.
a
1916.
expansion program for these iow-cost distributing
women's clothing as soon as conditions will permit.
CONSOLIDATED
"i
//"'-y "A'--*-'
2,858,758
$470,204
income L
mated
Company's retail store operations have had. a satisfactory increase
the past year. Robert Hall Clothes, Inc., opened five additional
stores in the New York City
area on Sept. 19, 1946.
Company con¬
a
2,350,000
2,888,426
(est.)—
deductions.
■^Deficit.
directors'
•
templates
Net
President, has recommended that the. dividend
thef'common stock be continued at..: 80 cents, per.,share annually,
thus
during
units of men's and
Income
shares.;
Lawrence Ottinger,
P.
;y?:v; -.yyy
The
rebuilt at Old Fort, N.
Statement
on
'.y-' y—:y ■; y.;;-; y^y^yy
:
Corp.—Registration
1,401,528
on
3,
July
at
1946,
20,
common
1946, company's Langley Mill at Langley, S. C., was
completely destroyed by fire.
Both plant and materials were fully
insured.
The
income' from lost production will also be recovered
On
Shoe
then
share
Company's new rayon finishing plant at Old Fort, N. C.f is nearing
completion.
Deliverv of equipment and special machinery has been
schedule but it is expected this plant will be in operation by.
:
Dec.
on
behind
July
tax
2,498,000
703,332
Non-operating income-
Increased Stock—
distribution to
stalled.
.
States
The directors
of Canada, Ltd., has erected a large addition
plant at Louiseville, Quebec, and new equipment is being in¬
its
to
—
inc.
522,000
744,763
Fed.
Operating income
United" States Plywood Corp. ^ Split-Up yoted—Cash
Dividends to be Continued at 'Annual Rate of 80-Cents
on
\
,
564,000
than
income
tFed.
438,071':
—:
charged to surplus.—V.
The Associated Textiles
-
Depreciation
Taxes, other
registration statement (No. 6690) 'filed with the SEC Aug. 25
24,000 shares of
common
stock
(par
$4)
was
withdrawn
Nov;, 7.—V/164, p. 1254.
♦
advised that it had made an investment In a.
company in
Venezuela manufacturing cotton goods and that it was
its
intention to expand operations
into the rayon fabric field forconsumption in that country.
This program was put into effect and
company is now building a modern mill at Maracay,
Venezuela,-fop
the
manufacture and processirg
of rayon fabrics. Company is also
in the course of building a mill in Colonia, Uruguay, ior the manufac¬
ture
and processing of cotton and rayon cloth for cdnsumption in
*
the
on
.The
company
fhat country.
share
per
covering
„
.Last, year
of $1.02
1945,- the $3 preferred
United
by
C.,
dividend
a
2,907,127
Withdrawn—
company
S.
declared
have
series
^ 1946—12 .Mos.—1945 t
$22,878,547 $21,344,012
2,611,110 .12,441,216
11,536,344
f,469,027
-1,635,007
1,788,266
$5,184,765 >$4,832,628
revenues —-
expenses.—
Maintenance
1
series
dividend
•Earnings—
1946—3 MoSv-1945
EndiSepbSOM-
Operating
Gross income
purchased control of the Union-Buffalo
the* acquisition of over 99.9% of the
outstanding common stock.
As of July 1. 1946 the outstanding 7%
first
preferred stock of that company, aggregating $1,267,135, was
called
ior
redemption.
Due
to the date of acquisition, only six
months'
profits of this company have been included in company's
1945
28.
Period
Operating
stock received $1.50 per share and the
$2.75 preferred stock $1.37Va per share.—V. 164, p. 1128.
'k
Ss 'y
complete ownership.
lias
now
Dec.
On
last monthofthe 8-cent rate.-^Y, 164, p, 2327,
;
July "1,' 194S Company
As' of"
•Seneca
fi
1
dividend
In
the sinking fund, 3,000 shares
were called for redemption on
stock
preferred
cumulative
1, 1946.
Westchester Lighting Co.
com¬
as
stock.
Under provision of
each share held.
Oct.
,
(
action
the
to
,
*
29%
up
preferred stock arid 93 V2 cents per share on the
preferred stock, both payable Dec. 16 to holders
of record Dec. 2.
On June 15, last, a distribution of 75 cents was
made on the $3 preferred and one of 68%. cents on the $2.75 preferred
.
Pursuant
directors
The
$3
$2.75
Oct. 21, *44 Oct. 16, '43
Oct. 20, '45
—
—
approximately $342,000 arising from excess profits carryover credits
from prior years.
tAfter depreciation and Federal income taxes ($1'„;670J)00>vand debenture interest ($278;617).i-;V, 164; p. 1917,
a. <'
ton-miles
United Public Utilities Corp.—Declares Dividends—
consolidated amounted to $602,924.
Proceedings
with respect to renegotiation on U.yS. Government
business that have not been
concluded can have no material effect
upon
?
v
r
*
<
estimated 766,390 ton-miles,
an
i9i> 46
$$2,681,884 'Va, $959,220 y $1,018,763 t$l,319,442
charges and Federal income and excess profits taxes (in 1945;
taxes were $1,816,000, and in 1944, $1,306,000).
tlncludes tax savings
After
of
cargo ton-miles, an Increase
the previous month.
Of the
over
ton-miles were air express and 643,330
reached
mail
35%
and
ago
year
a
pared with September^
vi
above, the corporation's share
ended June 30, 1946 in com¬
;-yy
•.
over
total, 692,681
air freight.
cargo
not
panies
245%
of
1,281,025
Suni:>e;S5fri!ngs^
EndC^—r».v.'*';»'. Oct.
Profit
W/
*■
rate, were announced* by thl£ uorpOratlott On Nov. 12.
*
In October
to estimated figures, United's Mainliners and
consolidated
The
-
mail
air
$9,098,705,
on
industrial
creased
42 Weeks
express and freight volume,' reflecting in¬
added airline service and ih?
urcKei
gains in air mail,
activity,
Sharp
J; 77. Schwab, President, on Nov. 4 stated in
V
'/;•/.""■V.'v
part:
Ward Baking Co. (&
United Air Lines, Inc.—Traffic Increased—
Annual
—-
!:
|
yolume 164
Number* 4543
THE COMMERCIAL & FINANCIAL CHRONICLE
$531;
marketable
securities
(at
quoted
market
values),. $908,650;
prepaid expenses, $605; total,
$2,075,147.
Li
ABILITIES--"Accounts payable,
$3,064; accrued Federal income
taxes, $50,000; accrued Wisconsin
State income
(Alan) Wood Steel Co.—Financial Statement-—
.
vision
for
retirement
able, $632;
earned
taxes,
of
$28,000;
Period End.
pro¬
Net
preferred
capital stock, $352; dividends pay¬
($1 par), $486,662; capital
surplus, $680,250;
accumulated since Dec,
31, 1932, $707,289; unrealized
common
surplus,
Other
Wilson
y' j::
* V
'
a
of
i
stock, par $1, and a
cents per share on the
5 % cumulative
preferred
payable Dec. l to holders of record Nov.
June
1,
20.63 cents
last, initial dividends
on the
preferred stock
of
were
20
cents
the
on
paid.—V, 164, p. 2451.
$7,478,720
Net income
.
dividend of 75 cents per share has been
declared on the.
payable Dec. 5 to holders of record Nov. 25.
This
compares with 37 Ms cents
per share paid on May 1, last, 62 V2
cents
on Dec.
4, 1945 and 37'/a cents on May
1, 1945.—V. 164, p. 2451.
profits
order.
However, they
as
are
always
as
near
possible.
bond
5,642,972
16,366,884
270,663
500,612
110,047
109,525
285,309
315,470
218,800
1,000
224,000
39,000
$463,515
$16,161
$330,140
$82,226
__
depreciation
p.
1917.
repairs,
(par
and
Wyatt Fruit Stores, Dallas,
Texas—Registers with SEC
three
Sept. 30, 1946.—V.
164,
The
working
agent
p.
National
for
of
$22,839,906),
bined,
"I
for
reserves
compensation
for
rebuilding
insurance,
of
$1
York
15,
The Class I railroads of the
Iiad
estimated
an
net
United States in
income, after interest
September, 1946,
and
rentals
pf about
$38,500,000 compared with a net income of
$8,848,870 in September,
1945, according to reports "filed by the carriers with the
Bureau of
Railway Economics of the Association of American Railroads and
made public on Nov. 5.
and
Net railway
operating income, before interest
rentals, amounted to $67,3-32,-<§
490 compared with
a
net
railway, District, 11 in the Southern
operating income of $43,133,855 in
Sept. 1945. The Association fur¬
ther reported as follows:
In the first nine months of
1946,
these roads, which
represent
a
total of
mated
227,743 miles, had
an
esti¬
net
income, after interest
of $96,500,000 com¬
pared with a net income of $451,565,025 ; in
the
corresponding
period of 1945.
Net railway op¬
erating income, before interest
and rentals,, totaled
$365,611,041
compared with $778,146,722 in the
and 'rentals
■
,
same
period of 1945.
Taxes and net earnings for the
month
of
September and for the
first nine months of 1946
are
after
taking credit in the accounts for
earry-back
tax
credits.
[The
amount
of such
credits was not
available at the time this release
Re-
gion, and 19 in the Western Disrict.
Class
_astern
months
I
railroads
District
of
in
the
in the first nine
1946 had
an
estimated
period of 1945. For the month of
September alone, their estimated
net
income*
after
interest
and
rentals, was $12,400,000 compared
with a net income of $13,554,374
in Sept. 1945.
The same roads in the first nine
months of 1946 had
net
railway
operating income* before interest
and rentals, of $112,58-3,286 com¬
pared with $337,878,063 in the
same
period of 1945. Their net
a
prepared.] For the month of railway operating income before
August, such credits were $6,640,- interest and rentals in September
000, and for the first eight months amounted to $25,859,335 compared
with a net operating in come of
of 1946 they amounted to
$60,326,$26,805,769 in Sept. 1945.
000. Net railway
operating in¬
Operating revenues of the Class
come for September and the nine
been made.
- In
the 12 months ended Sept.
30;' 1946, the rate of return on
,
property investment averaged
1.59%
compared with a rate of
return of 3.73% for the 12 months
I railroads in the Eastern District
in
the
totaled
first
nine
months
$2,500,250,462,
a
of
1946
decrease
of 14.5% compared with the same
period
1945, while operating
expenses totaled $2,160,679,841 or
a decrease of 1%
below 1945.
of
v
^
compared
a
been
figures
that,
this
but that
our
of
30 by Commander E. F. McDonald, Jr.
in the
available
the
nine
a
net income of
Total operating revenues in the $1,782,730 in Sept. 1945.
first nine months of 1946 totaled
Thosa same roads in the firs
$5,621,973,863 compared with $6,- nine months of 1946 had a net
y.-i
•
Sept. 13, 1946. These figures reveal, not only
is the largest producer of postwar FM radios,
popular models Zenith has outproduced all otliei?,.
combined by a substantial margin.
For example, th«
more
figures show that:
.
.
of all postwar FM-equipped
1646,
Zeniths."
were
' •$
.
table model sets produced up t*
'
,
,
production at Zenith was improving steadily,
public for radios containing FM wer«
but that advance demands of the
heavy
so
that
months
1946
of
the company coul<|
it would be many months before
demand.—V. 164, p. 2196.
had
net
a
same
Eire, Yugoslavia
Parcels to
railway operating income, before
Postmaster
Albert
Goldman
interest and rentals, of $200,553,announced Sept. 13 that dutiable :
expenses totaled $657,200,147, or 537
compared with $331,175,241 in
articles may now be mailed to
an increase of 1.3% above 1945.
the same period of 1945. Their net
Ireland (or Eire) in letters andl
railway operating income, before
Western District
packages prepaid at the * letter
interest and rentals, in September
rate of postage.
The Class I railroads in the
Such package®
amounted to $34,505,414 compared
must bear the green customs la¬
Western District in the first nine
with a net railway operating in¬
months of 1946 had an estimated
bel, Form 2976 (CI), and contain
come of $8,924,902 in Sept. 1945.
net
the
paper
customs declaration,
income, after interest and
Operating revenues of the Class Form
2976-A
or
an
invoice,
rentals, of $94,600,000 compared
of
1945,
while
operating
I railroads in the Western District
with
$200,074,515
in
the
same
period of 1945. For the month of
an
in the first nine
es-
totaled
imated net income after interest
and rentals, of $23,400,000 com¬
roads
same
$2,336,765,296,
of 23.2% compared
period
pared with a deficit of $6,488,234
in Sept. 1945.
Those
months of 1946
1945,
of
a
decrease
with the
while
same
operating
ounces.
the
At
tal
Administration of Yugoslavia
dressed
in the first decrease of 8.8% below 1945.
that
to
I
RAILROADS—UNITED
Period Ended Sept. 30—
operating revenues
operating expenses
Operating ratio—percentTaxes
Net
ry. oper.
Net
STATES
1946—Month—1945
Total
$660,401,991
529,798,499
Total
previous permission for importa¬
1946—9 Mos.—1945
$678,378,856 $5,621,973,863 $6,926,755,435
620,967,537
4,713,217,845
4,911,444,741
91.47
83.84
70.91
49,530,415
1,784,175
67,362,490
43,133,855
430,171,688
365,611,041
1,101,012,822
778,146,722
80.22
inc. (bef. chgs.)
after
chgs.
(est.)
38,500,000
8,848,870
96,500,000
451,565,025
NOTES—Comparisons of railroad net income in the month of September and
subsequent months of 1946, with corresponding months of 1945, will be affected by
the application of two provisions of the United States income tax laws.
Net income
for
the year
while
net
1846
will,
for
income
additional
charges
heretofore
paid,
in all cases,
the
last
four
be
increased by
months
of
reason
1945
was
of carryback
decreased
in
credits,
tax
all
cases
by
to
operating expenses on account of accelerated amortization of
expenditures made by the railroads on defense and war projects.
Both of these are
temporary and nonrecurrent items.
Such credits, on account of excess profits taxes
.
the
will
amortization
to an end at the close of the calendar
expenditures for war facilities ended, under
of
Presidential executive
In September,
$100,000,000
months
after
of
more
that
allowance
year
come
order, with the close of the year 1945.
the
1946,
terms
while
of a
Such
year.
an
increase
in
charges
to
operating
expenses
resulted,
the
offsetting reduction in income taxes in a reduction in
income of approximately $40,000,000 for the month of September,
1945.
But
this
temporary and nonrecurrent item in the accounts for September,
1945,
net
/or
net
approximated $48,000,000, rather than the recorded
$8,848,870.
r *
! : •.
On the contrary, the reported net income of $38,500,000 for September, 1946, was
increased by reason
of carryback tax credits taken into account in that month.
income for that month
would have
,
The
amount
of
such
time, but for the
1946
amounted
credits
month of
for
the
month
August was
of
September
condi¬
following
Each
"1.
side
the
of
must
parcel
marked
the
on
be
address
with
wrapper
the
words 'Gift Parcel.'
Permissible contents
"2.
are as
follows: Nonperishable foodstuffs;
clothing
used
and
shoes;
new
clothing and shoes and materials
for making them (free
of customs
'
1945, amortization charges to operating expenses were approximately
thain the monthly average of such charges during the first eight
for
the
under
tion
tions:
plainly
inc.,
ad¬
country are
of duty and without
mitted free
CLASS
time, Postmaster
same
Goldman announced that the Pos¬
has advised that gift parcels ad¬
totaled $1,895,337,857,
expenses
properly completed by the sender.
The weight limit is 4 pounds €
are
not
available
at
this
$6,640,000 and for the first eight months of
to $60,326,000.
duty only- up to
year
44 pounds per
for each person of the ad¬
dressee's family); tobacco and its
preparations
(about
other
to
up
articles
for
40
grams
per
ounces)
1.4
small quantities
parcel;
daily
use
ux
(luxury items are
prohibited).
"3.
compared with
•;
.''62.2% of all postwar FM-equipped radio-phonograph consoles pro¬
duced by the radio industry up to Sept. 13, 1946, were Zeniths;
;f
transfer
stock.—V.
164,
common
-:,v
production figures with the latest,
& Scll3, official reporting agency
Association.
This report gives produc¬
own
Raskins
Manufacturers
through
corporation
manufacturers
latest
producer of
pioneer
outstanding
an
as
on Oct.
compared
Radio
tion
appointed
decrease of
with
Industry in FM Pro¬
•
just
Southern
Region
ended Sept. 30, 1945.
The Class I railroads in the
The earnings reported above as
Southern Region in the first nine
jriet railway operating income
rep¬ months of
1946, had an estimated
resent the amount left after the
net
income, after interest and
payment of operating expenses
rentals, of $8,500,000 compared
and
taxes, but before interest,
with a net income of $61,306,413 in
rentals and other fixed
charges the same period of 1945. For the
are paid.
Property investment is month of
September alone, they
the value of foad and equipment
had an estimated net income after
as showh by the books of the rail¬
ways including materials, supplies interest and rentals, of $2,700,000
jand cash,
$784,958,105,
18.1%
period
deficit, after interest and rentals,
of $6,600,000 compared with a net
income of $190,184,097 in the same
was
months would have been
reduced,
had
the
carryback credits not
totaled
role
prewar
McDonald said that FM
has
September alone they had
Eastern District
The
$330,107
$73,011
FM, this corporation since V-J Day has manu¬
radio-phonograph
combinations containing FM,
audi
model AM-FM sets, than the rest of the industry com¬
industry report
"70.7%
Sept. 13,
value
par
its
catch up with
Earnings of Class I RRs. in September Off
$18,476,865 — Net Income Up $29,651,130
330,70(1
$162,679
t-,r
Nit was revealed
tho
of
$173,927;
on
1638.
Gross
$493,379
$?.. 341,785
more
have
Oct.
1128.
shares
$671,892
80,432
Armstrong
table
more
$9,417,695;
preferred stock are In arrears $55.75
$4,004,188 on 71,824 shares outstanding at
p.
$153,443
President.
employees, $57,666;
City Bank of New
500,000
$135,667
_______
$40,7.01
Continuing
factured
Yolande Corp.—Transfer
Agent—
cafe¬
new
increase
to
depletion
reserves
aggregate
$491,59ft
1,783
deductions
genuine
contingencies, $124,652; 7% cumulative preferred stock
$7,186,133; common stock, without par value (authorized
and
$669,480
2,412
Zenith Radio Corp.—Leads Radio
issued,
share
$152,712
731
600,009
duction—
total, $19,117,010.
NOTE—Cumulative dividends
The company on Nov.
13 filed a registration statement with the
SEC for 5,000 shares
(par $100) preferred stock.
Underwriter, Raucher,
Pierce & Co. Proceeds will be
used
equip
$216,482;
731
;
—V. 164, p. 871.
200,000 shares), $4,388,889; surplus, $4,438,999; less 37
shares reacquired preferred stock at cost
(Dr) $3,700; total, $19,117,010.
per
part to
$100),
and
,
in
for
137,714
$134,936
*__»
income—
Net income
LIABILITIES—Accounts payable, including sundry accruals,
$2,201,accrued taxes,
$332,509; Federal income taxes and war bond
1946—Month—1945
1946—10 Mos.—1945
$46,960,281 $40,374,379 $413,008,846 $362,408,588
VT yy ) ■ 2
terias, to remodel company's super markets and
capital; •
^
^
•"
'
income
453;
reserves
275,032
94,966
Operating income
Non-operating
Gross income
deferred charges, $115,257;
and
—v.-164,
936,14ft
227,844
861,000
788,545
843,265
'
subscriptions withheld from
Sales
144,000
18,262,858
173,203
war
________
$536,168; advance payments on ore contracts, $157,361;
$4,553,375; cash for employees' Federal income taxes and
deductions, $57,666; property, plant and equipment (after
for
reserves
always
alphabetical
alphabetical
(F, W.) Woolworth Co.—October Sales
Up 16.3%—
Period End. Oct. 31—
180,000
198,230
taxes,
inventories,
position
98,805
$947,649
-
$6,040,321 $17,706,945 $19,542,819
securities,
war
not
1,499,183
52.279
revenues
expenses
r
6,513,155
and
$3,801,959
1,454,831
Maintenance
58,757
■
■■
ASSETS—Cash
stock,
NOTE—-For mechanical reasons it is
possible to arrange companies in exact
>
CONSOLIDATED BALANCE SHEET, SEPT. 30, 1946
on hand and demand
deposits, $827,554; U. S. Govt,
$1,765,698; notes and accounts receivable (less reserye of
$194,543), $1,686,236; claims for refund of Federal income and excess
A year-end
capital
■
$889,644
356,413
$4,001,700
382,204
Operating
Operating
' w
'
Wilson-Jones Co.—Year-End Distribution of 75 Cents,
76,963
;
exps.
State income taxes
and
common
18,241
'
...■
Taxes, other than inc.
and excess prof, taxes
FroVi for estd. Fed. and
stock, par $25, both
20.
On
depl.
amortization
1946—12 MOS.—1945
1946—3 Mos.—1945
Depreciation
30,230
operations
Deprec.,
dividend of 30 cents per share on the
regular semi-annual dividend of 62Va
Yopkers Electric Light & Power Co. —Earnings—
Period End. Sept. 30—
$6,022,080 $17,629,982 $19,484,062
«.....
—
Cost of sales and
V'.v
Brothers—Increase Common Dividend—-
The directors have
declared
common
$7,448,490
rev.
-
1946—9 Mos.—1945
income
Total income
,
,
oper.
•'U■}$%;:£'X■
$118,898; total, $2,075,147.—V. 164,
,
and
1946—3 Mos.—1945
(interest,
disct., rentals, etc.)—
stock
appreciation in value of
securities,
P. 2061. ■
/,■1 J2y
(
'/.<,*&?:£ 1 •'
'**<
§
sales
Sept. 30—
2593
'Gift
The
Parcel'
general
license of the Office of Interna¬
October Civil Engineering
Construction
Totals $488,457,000
engineering construction volume in continental United
States totals $488,457,000 for October, an average of $97,691,000 for
Civil
This average is 5% above the
September, and is 63% above the average of October
1945, according to "Engineering News-Record." The report issued on
Nov. 7 went on to say in part:
Private construction for October on a weekly average basis is
2% above last month, but 31% greater than October, 1945. Public
each of the five weeks of the month.
average for
construction is 9%
State an municipal
above last month and 156% above last October.
tional Trade, Department
of Com¬
merce,
Washington 25, D. C.y re¬
stricts
gift parcels to 11 pounds
in weight
and prohibits the mail¬
ing of more than one such parcel
per
week from one sender to one
addressee."
The
•
Post
Office
advices
also
duty,
gift
said:
"Although
free
of
construction, while 20% above last month, is 233% parcels are subject to customs ex¬
above the average for October, 1945.
Federal construction, down amination and must, therefore, be
39% from last month, is 64% below October, 1945.
926,755,435 in the same period pf railway operating income, before
Civil engineering construction; volume for October, 1946, Septem¬ accompanied by a customs declar¬
1945, or a decrease of 18.8%. Op¬ interest and rentals, of $52,461,218 ber, 1946, and October, 1945, are:
ation properly completed, also one
Oct. 1946
erating expenses in the first nine compared with $109,093,418 in the
Sept. 1946
Oct. 1945
copy of the parcel post sticker.
(five wks.) (fourwks.F (fourwks.) Gift
months of 1946, amounted to $4,- same
period of 1945. Their net
parcels are subject to the re¬
Total U, S. construction—
$488,457,000 $373,056,000 $239,436,000
.713,217,845 compared with $4,911,- railway operating income before Private construction
duced postage rate of 14 cents a
292,441,000
229,622,000
178,183,000
444,741 •: in
the
corresponding interest and rentals in September Public construction..
196,016,000 143,434,000
61,253,000 [ pound or fraction thereof. Par¬
State and municipal
period of 1945, or a decrease of amounted to $6,997,741 compared
177,805,000 118,066,000
42,694,000 cels which do not conform to the
Federal
18,211,000
25,368,000
18,559,000 above conditions are subject to
4%.:
with a net railway operating in¬
New Capital
•Fifty-four
Class
I
railroads come of $7,403,184 in Sept. 1945.
the postage rate of 22 cents for
.
failed to
earn
interest and rentals
Operating
I railroads in the Southern Region
of which
in
24
were
in the Eastern
t.hp
first
New capital for construction purposes for the five weeks of Octo¬
the first pound plus 14 cents for
ber, 1946, totals $113,962,000. On a cumulative basis, new construc¬
each additional pound or fraction,
tion capital in 1946 totals $2,954,108,000, 72% greater than the 1945
10-mnnfh total of $1.714.499.000.
and may weigh up to 44 pounds*
,
revenues of the Class
in the first nine months of 1946,
nine
months
of
1946
Monday, November 18, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
2594
Earnings of United States
Railroads for the Month of July
1199245
high for the year was established by the United States
railroads in gross earnings for the month of July.
These gross earn¬
ings were even higher than July, 1942, the first wartime month of
July.
The net earnings were also- higher than any previous month
In
with
July, 1946 the
earnings totaled $674,040,105 as
gross
compared
$121,658,359, 15.29%.
Operating expenses dropped $6,648,858 in comparison With July last
year.
The net earnings showed a decrease of 46.58%.
For July of
the current year net earnings were $131,875,814 as compared with
$246,885,315 in July, 1945.
A comparison of these results for the
month of July. 1946 and 1945 is presented in the following table:
Month of
July—
Gross
earnings
Operating
Ratio of
-
—-
-
:Y
227,668
$674,040,105
542,164,291
Mileage of 130 roads
expenses
548,813,149
(68.97% )
$131,875,814
—
—
$795,698,464
(80.43%)
$246,885,315
earnings—
expenses to
0.26%
—15.29
— 1.21
599
—$121,658,359
—
6,648,858
228,267
<
v
*; ■
:
—
226,306,735
0.69
230,076
222,587,872
23,007,660
+ 10.34
230,712
227,194
223,813,526
12,036,238
+
5.38
206,084
261,803,011
9,571,763
3.66
235,407
203,773
231,639
1913—....
cated in footnote subjoined to the
! Eastern District—
0.89
243,042
16.71
244,249
245.699
244,921
117,661,315
+ 34.00
231.700
230,570
3.12
226,654
226,934
230,991
230,410
4.31
235.082
234,556
former
91,678,679'
+ 20.70
235,813
53,517,158
—10.02
235,477
235,145
401,376,485
460,989,697
527,396,813
534,634,552
442,955,873
1924.——
480.704,944
+ 16.44
19,960,589
—
—
66,407,116
462,696,986
119932054654.;—
521,538,604
480,943,003
+
8.44
236,762
236,525
+
6.49
236,885
235.348
8.67
238,316
+
0.65
240,433
238,906
+
8.56
241,450
241,183
235,049
242,979
for
for certain Spanish
40,595,601
555,471,276
521,596,191
33,875,085
508,413,874
48,297,061
$
$
23,362,840'
(10 roads)..
512,145,231
1929
556,706,135
512,821,937
43,884,198
456,369,950
377,938,882
557,522,607
101,152,657
—18.14
458,088,890
376,314,314
80,150,008
—17.50
232,831
232,405
237,462,789
■—138,851,525
—36.90
242,228
242,221
297,185,484
237,493,700
59,691,784
+ 25.13
241,348
241,906
1940.
3,333,445
—
+
Great Lakes region
(23 roads)...
110,425,992
Central Eastern region (18 roads)
138,933,173
5,409,131
293,341,605
—
6.05
239,160
240,882
274,963,381
275,610,064
—
0.23
237,700
239,000
274,921,824
+
74,334,762
+ 27.04
236,672
237,892
1937
364,551,039
349,143,052
+
15,407,987
235,636
236,126
1938^.
299,038,208
364,488,504
298,986,884
331,878,000
+ 4.41
—17.96
234,486
235,390
+
32,891,116;
+
11.00
233,396
234,296
+
33,401,280
+ 10.06
232,750
233,383
119,976,079
+179,782,039
+ 126,015,847
+ 32.83
232,273
232,803
+ 37.04
231,047
232,270
crease
+ 18.94
229,430
231,046
American.
2.26
228,567
229,124
1.60
228,506
228,631
—15.29
227,668
228,267
275,583,676
1939
331,878,000;
1940.
365,279,280
1941
485,398,033
1942———.
1943—i.——.
1944...
809,038,158
1945—...—.
796,128.617
674,040,105
—
+
791,140,288
809,038,158
1946———
—
646,683
65,450,296
365,421,954
485,398,030
665.180,069
665,180,069
791,195,916
17,757,929
795,698.464
17,897,870
12,909,541
+
—
+
—
—121,658,359
Month
11,465,626
Year
Year Given
1909—.
1910
..
1911—
1912..——..
1913—
...
;
increase
+
4,485,758
31,411
70,536,977
+
8,890,588
67.320,157
—
3,265,787
998,911
77,643,305
72,392,058
•
76,358,377
—
+
3,130,597
+
2.89
+
34,466,131
+ 31.37
55,352,408
—36.40
69,121,669
84,615,721
—78.59
109,882,551
152,079,422
£
—■
18,827,733
99,807,935
102,258,414
87,949,402
:v
—
•v.
+
-
i
.
15,192,214
+
100,293,929
,,
21,435,011
+15.35
160,874,882
1928^—.—
137,412,487
125,700,631
+
11,711,856
168,428,748
165,580,269
137,635,367,
216,676,353
125,430,843;
+
1930
30,793,381
51,096,084
1926—
Total
(51 roads)—.
20.635,305
293,357,310
272,722,005
Southern region
(25 roads)
87,625,740
34,291,146
roads)
(4
302,706
.
96,965,387
1932.
0.89
+
46,125,932
137,120,197
121,916,886
u...
;
—
Southwestern
region
(20 roads)
—17.71
15,415,609
71,630,077
87,045,686
149,893,452
205,194,370
55,300,918
—26.59
57,877,685
72,980,901
15,103,216
—20.69
__
279,401,214
...
Totals all districts (130 roads).
674,040,105
New England region
Net
1945.
*
98.485,524
101,379,262
77,310,037
98,476,937
90,457,198
Inc. ( + ) or Dec.
$
$
(—)
4,491,936
6.541
6.563
2.851,376
7,343,312
25,431
25,562
19,465,056
27,883,415
—
Cent. East'n region
23,881
23,880
23.506,325
37,449,140
—
55,853
56,005
45,822,757;
72,675,867
—61.17
8,418,359
—30.19
13,942,815
—37.23
26,853,110
274,705,708
175,671,979
274,705,768
283,981,413
247,111,553
324,513,647
Y 283,981,413
131,875,814
246,885,315
;YY
Southern District-
region__
-
37,232 .37,319
Pocahontas region-
6,042
—36.95
seed
.
30.265.712
—
11.384.713
Cottonseed
Oct.
the
14
353,665
—
3.11
24,796,185
41,650,425
—
region
45,675-:
13,284,621
27,112,201
Cent. West'n region
54,666
34,455,247
77,442,920
Southwest'n
•28,473
28,590
13,517,004
28,003,902
region
—
—
—
128,541 128,931
——
61,256,872
132,559,023
—
—61.00
42,087,673
—55.51
Arkansas
14,486,898
—51,73
Georgia
131,875,814
246,385,315
—46.58
•—-115,009,501
regions:
.
New
England Region—Comprises the-
New England States.
""
Region—Comprises the section on the Canadian' boundary between
New England and the westerly shore of Lake
Michigan to Chicago, and north of a line
from Chicago via Pittsburgh to New; York;
•
•
Great- Lakes
1946-47
1945-46
574,685
315,967
369,741
359,226
423,292
75,183
29,057
46,615
1408Q
39,124
16,049
77,225
32,358
40,928
26,169
50,301
32,633
45,377
50,314
16,583
22,827
13,776
68,070
29,243
Mississippi
96,869:
16,257
49,474-"
22,112
166,069
Tennessee
the section south of the Great Lakes Region
to St* Louis and the Mississippi River
to the mouth of the Ohio River, and north of the Ohio River to
Parkersburg, W. Va.,
and a line thence to the southwestern corner of Maryland and by the Potomac River
to
of
a
from
line
Chicago through
All other States...;.
-
",
■
992
on
•
/'
■
■
Southern
Region—Comprises the section' east -of the; Mississippi/ River-and south
to a point, near Kenova, W. Va., and a line thence following- the
the southern boundary of Virginia to the Atlantic.
Pocahontas
south of
Region—Comprises
the
section,
north
the
of
southern
Parkersburg.
boundary
W.. Va.,
of
by the Potomac River to its mouth*.
-
'
Products—
Great Lakes Region,
and by
Crude oil
west
of
from
St.
the
a
and
,
',
■
.>•
-
<-■
■
„
r
Chicago to Peoria and thence to St. Louis, and north of a line
City and thence to El Paso and by the Mexican boundary
to
Kansas
•
»
...
Louis
Region—Comprises the
and
a
line
from
St.
section
Louis
r
(
to
lying between
Kansas
City
the Rio Grande to the Gulf of Mexico.
the
,
(
,
Mississippi River
to El Paso,
and thence
,
*
In
the
of the
following
gross
we
furnish
a
summary
of the July compari¬
and net earnings of the Class
country from the current
year
Aug./1
<
I railroads of the
back to and including 1909:
17,603
specified; period*'"Y
Early in July, a measure wajs
signed continuing tho authority
2,572
'
1.71,102
•
13,152
of the
Sept* 30
61,693
§47,945
52,258
•
464,129
Y;
116,709
166.805
52,276
61,734
35,508
♦♦97,981
42,629
tt90,860
1945-46
18,576
% 109,545
75,195
52,926
\ 1946-47
(500-lb. bales)w—J 1945-46
v503
)
1946-47
.f
(500-lb. bales)
!
1946-47
1945-46
323
1,747
2,451
•Y*
845
.;••'
1,567
; 1,925
L
-
1,225
YY Y 3,308
3,272
2,332
3,063
3,884
.
1,042
1,206.
3,893
•
pounds at oil mills, 10,858,OOO pounds. at
facturing establishments, and.2,262,000 pounds in transit.
reflning and manu¬
tIncludes 44,508,000 pounds at oil mills;-10,721,000 pounds at
facturing establishments and 8,016,000 pounds in transit.
refining and manu¬
tlncludes 246,183,000 pounds at refining and manufacturing
17,177,000 pounds held elsewhere and in transit.
\ {
establishments and
Y
J; « * '
•Includes 10,373,000
*
.
.
r
.
.
,
§Produced from 53,260,000 pounds of crued oil.
^Includes 154,192,000 pounds at refining and, manufacturing
3,130,000 pounds held elsewhere and in transit.
••Includes 25,562 bales first cut, 62,318
,
establishments and
bales second cut and 10,101 bales mill run.
ttlncludes 35,172 bales first cut, 47,074 bales second cut and 8,614 bales
,
H.f
J. Y Wollhery
Secretary-hiK
ordinating Committee, announced
that he has submitted his resigna¬
•
•40,40^
58,408
61,697
-
25,550
1945-46
Froiii,
the United Nations
.49,582
87,239
1946-47
Motes, grabbots, etc.)
>
Charge of the New York Office of
Standards Coj-
tf157,322.
73,264
•'-••
Linters
.■
'
203,991
136,601'
32,384
1945-46;
WfAiMM'Ci'
106,585
275,625-
1946-47
—•
87,276
•
(tons)
-V*
WoHner ReMgn^
49,288
:
Hulls
existing houses as* well as new-
^
163,245
96,369
194S*i4B>
j-
Federal Housing Adminis¬
to insure mortgage loans
construction.
Stocks
'Aug. 1-Sept. 30 Aug. 1'Sept. 30
1263,360
(tons)
on
.
Shipped
«>
113,672
1948-47.
<
n
.
Produced
--95,828
1
.
■
tration
YfYv
•23,493
55,121
1945-46
(thousand pounds)!
..
sons
-
Stocks1
.
1946-47
Cake and meal
meal:
<,
from
line
Louis
of St.
by
f
Region—Comprises the section south of the Northwestern Region
Southwestern
south
the* section adjoining Canada lying west of, the
line from Chicago to Omaha and thence to Portland*
Western
Pacific.
)
(running bales)
the Columbia River to the Pacific,
Central
to
north of a
Season
Hull fiber
Northwestern• Region—Comprises'
82,285
10,684
9,307
11,311
PRODUCTS^PRODUCEH, SHIPPED AND STOCKS
-
,
WESTERN DISTRICT
•
11,513
of Season
and
line from Parkersburg to the southwestern'corner-Of Maryland and thence
a
,,
at beginning
eastern boundary, of Kentucky and
Virginia, east of Kentucky and. the-Ohio.River north to
184,073
16,789"
-
■
Refined oil
of the Ohio* River
4,181
21,395
23,950
■
80,657
9,211
26,811
9,776
141,097
12,897 :
'
hand Aug. 1,
(thousand pounds)!
i
97,170
.
24,688
Reserves.
limited to 14,000, will be eligible for commis^
sions in the Regular Navy and
will be required to serve' for a:
tons
COTTONSEED
<
SOUTHERN DISTRICT
12,241
5,171
22,783"
56,638
41,048
7,074
28,194
and
under the program,
destroyed during. 1945-46.
Does not include 117,968 and
1946 and 1945^ respectively, nor 22,782 and: 8,177 tons
reshipped during-vthe^ seasons 1946-47 and; 1945-46.
' \
>
:
' .1 :
IiW
Peoria
its mouth:
119,889
-
r
Central- Eastern Region—Comprises
east
'
Guard
According to United Press adVices from: Washington, umqasure
was
signed establishing a ,;$24,r
500,000 a year Naval Reserve, Of¬
ficers' training program, which is
expected to.; assure an adequate
humberYOf officers for ^America's
peacetime Navy. Officers trained
21,447
43,073
:
North Carolina.*.^--*
219,340 tons
EASTERN. DISTRICT
v
1945-46
64,846
30,019
.
•Includes
,
Sept .30
1946-471
50,291
„
Commerce
groups and
Stocks at mills,
Crushed
1945-46
38,506
; Texas..-.
NOTE—Our grouping of the roads conforms to the classification of the Interstate
Commission,
and the following indicates the confines of the different
National
557.22S
South Carolina:
Total, all distts— 227,668 228,237
on
hand and exported for
on
Aug. 1-Sept. 30
Aug. l-*Sept. 30
Alabama.
—53.79
15 to 20 years,
the next
officer category. r The officer: re¬
quirement above the 50,000. of .the
Regular Army, the General said#
following state¬
he hoped would be met from the
hand, and cotton¬
1946-47
13,827,580
71,302,151
for
the
AND ON HAND (TONS)
Received at mills,
State—~
Louisiana./^..
Total
—12.S8
:i-'-+rr46,58l
Sept. 30, 1946 and 1945.
United States
45,538
54,530
+
36,869,860
Census issued
COTTONSEED RECEIVED, CRUSHED
—40.47
1)6,854,240
llSSIf!
Western District—
Northwest'n
43,331
—12.46
—115,009,501
showing cottonseed received, crushed and
Y;,
43,274
+ 18.14
40,532,234
'
.
Total
Regular Army to be in¬
from 25,000 to 50,000^ as
requested by the War Department.
General Eisenhower recently was
reported to have stated that this
country should have an army of
not less than 800,000 officers and
56.37
99,033,789
49,834,688
the
creased
+ 68.75
+
by the
Washington
a
Receipts to September 30
Bureau of
products manufactured, shipped out,
—54.52
16,500,575
—
in
16.99
+15.00
+
■—
in
authorizes the number of officers
2.85
—21.49
men
the 1 month ended
-Y Y'. Y 7 7Y77&77%'
:
.
13,765,137
11,031,048
6,012
—
2,893,738
21,166,900
—
Press
dispatch that the President on
Aug. 8 signed legislation which
+ 76.82
—
reported
also
was
of which 10 % would f all intotthe
On
ment
Total
........
It
United
—14.96
+
13,140,075
:.;r.+: 13,566,414
+
71,571,639
77,317,123
90,457,197
104,100,340
175,671,979
...
1946———
%
S:
1
104,023,611
324,540,456
1945.
—15.29
Earnings
1945
$
region
Southern
—31.61
44,052,680
1943
—23.50
121,658,359
795,698,464
1946
—Mileage—
1946
85,819,743
365,220,957
District and Region—
Eastern Districts-
•-
+ 117.74
31,234,339
10,108,077
1944—.——
(50 roads).....
Lakes
54,334,821
98,803,830
1942.
Great
—52.44
.•+
aminations.
—22.69
50,857,523
57,345,375
194]
Total
+ 22.37
—23.58
.—
67,586,762
1939.
»,32
+
'
101,398,055
1936..—-—.
Northwestern region (16 roads)..
Central Western region (14 roads)
+ 24.89
27,819,865
1938.^—^—4
—11,09
15,203,311
Western District—
7.86
—
28,465,456
■f
96,983,455
46,148,017
100,482,838
67,569,491
57,478,685
.
9,601,754
1937—
reads)
(29
1931^...;
—15.04
15,506,017
103,131,757
33,988,440
: : ;
'■ • -
■■■
v
,
Total
7.03
-1{($ ,!
Southern District—
Pocahontas region
—
—
employees in
departments,
programs to be limited to treat¬
ment for on-the-job illness, emep<
gency dental care, general health
practices and preremploymerit ex¬
—22.03
125,438,334
112,620,696
139,606,752
1925
establishmenti. of
the
health programs for
Federal agencies and
+17.92
35,430,548
161,079,612
1924...^—
thorizing
1.96
+
Aug. 8 a bill establish¬
ing terms to operators.
;
On- the same: date; ai bill - au¬
+ 556.97
1,964,485
18,392,282
+
102,652,493: ;i
122,228,450
111,786,887 :£/+
+
139,644,601
121,044,775
on
public domain in place of" the'
present sliding scale of payiftents,
and allowing more favorable leas¬
22.94
96,727,014
...
1.31
+ 12.66
+
144,348,682
....
1923.
—
9,851,240
20,287,937
88,421,559
1921—-
Also
a flat 12 Vz % royalty on new
oil * and gas discoveries on /thie,
4.83
+
108,293,945
■
%
ing
+ 12.60
+
77,833,745
108,709,496
—
0.04
—
'
States Government.
5.78
+
'
87,684,985
111,424,542
—
—
similar in¬
A
granted other Spanish
War veterans several
to legalize the
banned under
previous acts," of property seized
during the war by the United
+ 16.48
$11,083,420
was
years ago. •
On Aug. 8, a bill
return to aliens,
%
:
+
$67,267,352
Rebellion.
Boxer
(+) or
Decrease (—)
Preceding
$78,350,772
73,157,547
72,423,469
79,427,565
64,354,370
75,359,466
:
)I922^—......
7.62
—
partially disabled and 65 years
TheyY are reported ;i» be •;
chiefly those who served during
the Philippine Insurrection and
are
of age.
-Net Earnings-
of
July
American War
veterans, those affected being vet¬
erans who served 90 days or less,
349,256,586
4.67
—
.
additional 20% in pensions
an
1936———
3,760,548—13.86
27,123,388
115,835,123
150,398,799
237,711
1928—
—
1929.—..—
region
235,407
556,710,935
508,811,786
1927.—.
New England
218,918
220,459
owners of improved- real
property taken over by the Gov¬
ernment during the war the status
of
preferred bidder when the
property is declared surplus.
.'
On the same date, a bill calling
—
1918-
(—)
%
of the
—12.59
14,658,220
65,975,059'
442,736,397
;
some
nature, according to Washington
advices
from
the
Associated
Pr ess:;;/. Yt
On Aug. 7, a measure to give
+
469,246,733
467,351,544
,
is
534,222,102
463,684,172
454,588,513
1920..
following
legislation of the adjourned
79th Congress which has recently
received President Truman's sig¬
243,563
306,891,957
346,022,857
+15.10
The
last
241,796
+
46,328,025
—
1.917——....—
-Gross EarningsInc. ( + ) or Dec.
1945
mm
+
44,096,142
353,219,982
—-
1919—
SUMMARY BY GROUPS—MONTH OP JULY
1948
2,324,115
263,944,649
1917—....
tabulation:
'
260,624,000
308,040,791
1916.—.
"
District and Region
—
1935
$115,009,501. —46.58 %
turn to an arrangement of
now
1,555,652
—
252,231,248
262,948,115
1931-w—
•
these totals into geographical
subdivisions.
It is interesting to note that for the first time this year
did any region show an increase in gross earnings in comparison with
the corresponding month in 1945.
The Pocahontas region came up
with an increase-in gross earnings of 0.89%, and among the others,
the region coming the closest to its July, 1945 gross-earnings was
the Great Lakes region with a decrease of 4.67%.
The other regions
fell between this percentage and the largest drop of 26.95% compiled
by the Central Western region* la net earnings the. picture once
agaia shows only decreases.
The least decrease was recorded by the
Pocahontas region, one of 3.11%.
Next, but quite a bit off the pace,
came the Great Lakes region with a decrease of 30.19%.
The largest
decrease of 61.17% was shown by the New England region with all
other regions falling in between the two extremes. V This geographical
presentation of both gross and net earnings is shown ia the appended;
table.
The boundaries of the various districts and regions are indi¬
We
226,493
224,751,083
245,595,532
235,849,764
1934—..—
Net .earnings
238,169
5,88
+
12,812,422
+
Legislation of
Adjourned Congress
234,500
12.66
+
1930—i.—
(—)
Inc. (+ ) or Dec.
1845
1945
$24,719,084
+
Preced'g
1912:..—..
1918
the exception of January.
$795,698,464 in July, 1945, or a decrease of
Given
1911—
new
of the current year with
11199932232576
1910-i——ii.
Year
Dec. (—)
Preceding
.,$219,964,739 $195,245,655
230,615,776
217,803,354
1909
Year
Inc. ( + ) or
•*, 1Year
Given
July
:
A
-Mileage^—
Gross Earnings-
Month
Gross and Net
mill run.
tion - therefrom,.;-lt a * 7 committee
^statement issued on, Sept. 3 said..
The resignation was forwarded to
James Gt> Morrow, Chairman of
the
Executive
Committee,
.is the governing body.
taking"
which
In under¬
> job
of organizing
hemispheric/.activities of
the
western
1944; Mr. Wollunderstanding with the
Committee that he
would stay
the Committee in
ner
had
an
organization until June
1946, by which time it was
hoped 7: a
new ,' international
standards
body;, permanent in
character and competently estab¬
lished, would have been created.
with the
30,
Volume 164
Number 4543-
Market Value of Bonds on N. YrS. E. in August
,
2595
THE COMMERCIAL * FINANCIAL CHRONICLE
The New York Stock
Exchange announced on Sept.
of the close of business
Aug. 30, there were 928 bond
Mew Capital Issues in Great
issues, aggregat¬
ing $136,713,774,395
par value listed
total market value of
the
on
New
Britain
The following statistics have been compiled by the Midland Bank
Limited.
These compilations of issues of new capital] which are
13 that'as
Leaders Deplore
Racial Conflict
York
Stock Ex¬ subject to revision, exclude all borrowings by the British Govern¬
The
annual
conference
of
$140,958,397,671. This compares ment; shares issued to vendors; allotments arising from the capital¬ branches of the National Urban
ization of reserve funds and undivided profits; sales of already issued League for Social Service
issues, aggregating $136,Among
595,891,403- par valuer and" a* total* market value" or
$141,407,058;- securities which add'nothing" to" the* capital resources of the company Negroes which opened in St.
263; average price 103.52.
whose securities have been offered; issues for conversion or re¬ Louis, Mo., on* Sept.
24, received
In the
following table listed bonds are classified by governmental demption of securities
previously held in the United Kingdom; short- messages from President Truman,
and<
change, with
a
with the figures
19347—
of July 31 of 946 bond
as
industrial; groups with the aggregate market
value and average
price' for each:
;
Aug. 30,1946
Oraufc—-
'
-,
/?
V: i —July 31,
Average*
■;/■
,
Market Value
Vi] SfGovernment
(incl.
State, Cities, etc.)-.*
N.
Y
■
Price
S/X'HHV-i
125,437,365,688
—•
1946
Average
Z
' Market Value
i
U." S.- companies: *
and loans
municipal and county authorities which, are not specifically limcited.
In all cases the figures are based upon the prices of issue.
dated-bills sold-in anticipation of long-term borrowings;
of
•••
104.12
J
M
Price
i/', u*V
t;.
125,826,192,084
104.45
-
•
Amusement
Automobile?'
7,376,423
3,876,000
10,950,000
-----
Aviation
—*—v-*—--
Biiilding
-'*_
Chemical
**
L—-l——«
ParnT
machinery
Financial
OA
*—---u
—_—'
Food
Land* and
realty
Machinery and metals
i.—,
Mining-(excluding irort)*-.—
Paper: and- publishing„-r—v*-—-Railroad
Rfetail
merchandising
ftubbet;-.**-*—ui.———
Textiles'
Tbbtt'cCd-
———>--*-*+,4"-*,
*
*
_
-i u
*
*
-
-
-
f+ahsportation services—
Utilities:
Gas
and
electHe (operating).
/•/i/oae and''electric
^tholdlng")-**
Communications
U, S. companies
oper. abroadMiscellaneous businesses
mij ^
-m
i"
,
v
93.57
101.90
us,
95.23
235,873,473
July* 3T—
Aug. 31c—*
Bep. 30—
19,793,459
Oct:* 31
*
Nov. 30
u*
Dtfe& ©li--*_---
106.82
51,635,250
114,881,605,628
131,583,018
"
;
503
2,768'
-
?
104.50
6,934
4,451
46,555
13,686,900,699///©9.27
310
96.47
583,456,40©
17,521
1936,1st; '.../inr'-,/ /-'■•
:
1938,1st half*;
1
1
;
*■
r
-/
2d' half*
■
.'
—
1933] 1st half 1.-*
i.-*-***^****^
/ <
120,748,212,202/
102.'49
100.74"
Sep.
128,511,162,933
128,741,461,162
129; 156,430,709
143,110,515,509
2d
ioo.7i
Oct.
;
31—
Novi 30
100.92
Dec.
_
2d
half
311—
101.35'
"
Jain/ 31X—..
101.91
FebJ
102.58
145,555,685^31
4,852f
■
.
2,277
1
■•;
—•
'///(: T;.:;'
/'•
Months
■'
■;
31—114.831.886.516
102.53
Apr.
30-
Apr.
30
143.904,400.671
128
'269/
"491
642 •
1,021-
>
1,844
6,418
103.10
May
31—,
143,943,768,509
104.49
115,280,044,243
114,857,381,979
114,767,523,198?
130,074,758,528?
July' 31
103.01
June 28—
142,405,982.701
July
31
102.97
Aug.
30
141,407,058,263
140,958,397,671
103.10
103.52
Horwath1 ahd
;
ment
~275
Months
6,194'
9,546
149,127
7,141
1,964
126,826
2,184
1,649
5,177
93,072
64"
8,968'
65,186
100,257
13.274
August
lars at the'end of the month.
The August rise, equal to
about/4%
brought the total amount outstanding"to
approximateiy^ 45% above
theyear^ago level, the Board stated, whose advices added:
*
*
The volume of credit extended
during the' mohth 'Was^ about tlie
same
im
1
in the; preceding
month, but nearly- two-thirds* above® that
as
August, 1945.
CONSUMER INSTALMENT CREDITS
(Estimates,
«
1946
—*—*
1946*
132.3
95.1
26:2
19.-9
.
1945
12.7
21.3
■■
■'13;3
13.3
24.3
23.1
78.9
76 0
Repair and
moderization loans-Personal instalment cash loans—
"Preliminary:
1946-
137,8!
—
.letail instalment paper:
•Automobile -*——..^1-***--—
-
INDUSTRIAL BANKS, AUGUST,
dollars;)
194©{
In millions of
.•.^-r-AmormtsOutstanding-*-— ——VolumeExtendedv-*^,
*Aug. 31, July 31V Aug. 31, •Atig*3Ir July
31,' Aug; 31,
>
•TVptfof Credit—
Total
OF
,VIW
tFigureS" include
«W
both
loans
V
4.7'
7:9-
56.9
uu.o
2.7
2.8<'
o
;
16.0
XG.U
1945-
15.«'
4.6'
2:7
114^:
i
194©-'
26:4^
2.1
1:3
»
2.7?.
16.4
lO.* ';
f:
1.J5 ^
10.9*
'
■
made
directly to consumers for' the
purchase of automobiles ahd other merchandise and-instalment
paper purchased from
dealers.
great as in May;
The country¬
wide increase" in total sales was 13%»in June
compared; with 16 %
The advices add:
the month before."
Consumer instalment' credit' outstandings; at' industrial bhnkS ihcfeased, said the' Board of Governors of the Federal Reserve
System
oh Oct.-2; further in
August to an estimated total of 138 million'dol¬
.
nation's
of
our
nation*
Navy Day
second
Navy Day
President Truman's state¬
Oct. 26 in honor of the
on
expressed, gratitude"
to
the*
country's* naval force for its'/
men and ships,
and
iterated a prayer that God "may
imbufc'us with something of their
unconquerable spirit] that we may'/
better contribute to the realization
sitfahce
Consumerlnstalment Credits of Industrial Banks [continued tb show improvement over* a^year ago' in total sale% except
so
society
of that day' when all nations v/ill
live in brotherhood and in the as-
KtorwathJ New Ybirk Pfiblic;^Accountant^ ih'thdi?
for Detroit the increases were not
Dr;
sacrifices in
August "Hotel Bulletin," announced that "while'the" June'figures for
all sections of the country/exCept Washington' ahd?the! Pacific- Coast
In
men.J'
and at shore stations all over the
Hbteh Sales in Jiine
104.21
103.45:
the
world.
103.89
May* 3l_*—
JttatfUO/.*
among
try with the Navy's own display
of armed mightr for peace con¬
tinuing for'three" days on ships*
240-
or/'
20,305
15,188
46,555
of
celebrations throughout the< coun-4*
24,403
2,800*
31,460'
men
was reported to have as-*
serted that bias'against" the Negro>
was
"the* worst
disease
undeT
The
639
July
AugUst; Sept.
-(English Pounds—000's Omitted)-
-
of
to: eliminate
Einstein
104.75/
Mar:
needed
since the end of World War II
was;
observed on Oct. 27 with special
'588
11,690»
39,862?
.
the1 whole'
Dewey, Mr.
efforts
are
2nd Peacetimfe
First Nine
/ 57,145 ?
1946—t---——--
the
occasion
1936-^^---—---u---**.--—
108,984
1937Z1——.<.-<-.*—97,416
1938ii-jZ-i—74,051*
105.19*
<
to
unity throughout the land:
All
lasting equality
!:
195
;r:-/-?')Hrst'Six.;
•
mote
221
150
4,539/
5,271/
:
rights
Governor
Streator reported, wrote that "still
much remains to be done to pro¬
1,071/
""36
-
,2,149'
5,299'
,
104.75"
Mar.
human
of
4,425'
249'
2,503
4,555'
'
't1945;.lst-halfii---iZ^*^A^-i--**i.-r^J. ■: 6,934:
2d;half-i-^11^1*^i<i1.;:/13|534^
194% lstiwiL--—
46^555 r
J1939———
28—146,523,982,940'
30
146,180,821,869
leadership in conveying the ideals
world."
2,996
200"''
896
fully and1
declared
suffers.".
6,078
638
3,211
■
and
that the nation must'maintain its
which
1,122*
15T
1,031
638
j
2d half--.
-
773:
2,287r
1,295
828
3,<247'
5
1944,1st half
"i
Countries
2,71©*
l943]lBthalf:ii*i.i.——3,731
103.16'
"
;
Countries
3>4295
;•
.
1,046*
/
-lialCL^,
Toreigii
,
are
the spirit which impedes real: and/
Overseas-
99/733;
l,028i
1,280'
—.
citizen
protected;
goodwill
3,068^
—
"
103.28/
103.64>
7,576
20,468
that the civil rights
see
every
.
" 91,075/
9,149
•
half***
^d^half:——A_*——*
102.60-
29_
13,534
f
/ '/>2d halfi******-Z-*ws^«-rf**i*i.**' '•
1940,1st half—
:?
—
Aug. 31-
/
;
1942,1st half——_*—*-*—*_**„*
Prioe
3,907
8,583
4,852
5,299
English Pounds8,47©/:
14j875'
15,633 •
; 80,66158,107 '
9,305
14,916'
74,051'. / 56,13944,046', V •'' 36,607'
6i368
17,018
57,145*
- -' 39,90©'1
i/
**
■■
103.52
Average
100.61'
1
Kingdom1
108,984/
108,237/
1937,1st Waifl^**—97,416
■: v.
2d5 half——* '
;73,49QP
2d half
compari¬
Market Virtue"
3;247"'
(£000 Omitted)**
Total
96.79
141,407,058,263
a two-year
1,046
"3,319
9,083-
*
,1941, 1st half-————-i-*^.*—-
103.10'
gives
4,096
2,326
Hi;: British'
75.47
.
1,028
Geographical Distribution
,
1,310,509,074
66,294
549
1,979 :
2,277
United
.
74.25
118,098
9,149
1,100
■.
of
53,702
95.04
117;i94,02233'
; 24,006,250- '
104.38
98.05
44,047
Z; 117
f
2,147
4,304
3,73f
v
73,490
495:
;
928;
1,280
660*
'
533
v
29,034'
86.67
3
100.71
-
3,068
ligation to
equally
217,221
170,906
108,237
25,026
1,108
/ 5,062
110.61
84.83
1945—
3*/—— 114:019,500,804
57,145
19461*—;
108.25
1,005,227,747
94.37
1946—-
Firth- 28—
Xv 454
82©
-u
—
157,/;
107.02
2^779,785l7371.
108.00
I
112,620,708,662?
2,203
19,021
8,041
74,051
102.96
Price
102,284,657,203
102,328,885,992
102.017.012.414101,801,493,498
101,377,604,94©'
47,873
40,946
32,258
865/
106:24
Average
*
1M4^
49,543
33,105
•
Year to
Dec. 31
to
Dec. 31'
-English Pounds68,094'
108,984
40,14344,080
97,416
29,410'
48,372
•
Half-Year Total for
Dec. 31
Sept. 30
the New
to
report
a
York "Times" by George Streator,
said that Government has "an ob¬
'"Total for'
Qtr". to
104.75
238,702,88©
religious" bias in the
The President, ac¬
cording to
;
■
.
Qtr. to
June 30
June 30
963
2d
•:
March 31
:
to'
104.47
%£ 41,900,000
;'t
.
Half-Year
Qtr. to'
Qtr. to
1942
102.46
105.-79
'
Total far5
I
194'3.**J—,.:
146.36
1,972,848 3
118,471,094
<
1944—1,967
1945—-.iv——? '/* 1,872/
Exchange:
Market Valuer
Jah;
102.04
the total market value
and the total aVerrige price* of bonds
listbtt on the
(£000 Omitted)
•
1940-
97.44
103.22
-
104.88
140,958,397,671
4
r
1939^-**-——^24,887'
104.61
13,699,459.061:
1,240,083,258
581,489,664'
-
^
-
1938—--u—i,.
94.60
8,087,915,038
-
-
[Compiled by the Midland Bank, Ltd.)
103.73
27,003,311 J
104.38
-
•
102.04
480,553,430
107.70
TTie following'
table, compiled by
son- Of-
95.33
103.27 4
101.01
101.84'
'
TotM:
103.00
102.37
128,784,978
115,550,067
24,035,000
U, S;
companies^**—*—
Forelgh government-.—.
*>*--.•
Foreign- companies
Alj; listed bonds-—.-*
93,29
,
Miscellaneous utilities-
"■>'
3,977,8603
62,784,955
103.12
104.25
racial- and
United States.
1
'
19361—60,612
102.00
20,328,75032,787,448
135,049,130
19,064,720
4,
2,803,656,092
51,516,000
1,110,768,581
J
Steel, iron and coke.-.——*
104.50
20,400,000"
102.34
7,915,518,956
13,932,552
117,825,000
236,184,95641,950,000*
237,699,77119,578,589;
:
115.00
2,821,500"
Z
104.00
61,421,657'
103'.50
•102.00
11,500,OQO
102.00
39,410,714
514,121,250
;// Petroleum:.
105.25
♦
3,876.000:
104.50
134,260,327
18,799,815
10,607,860
■—
;
105.00
2,821,500
20,400,000
20,280,000
32,882,973
.—
, 5,262,500
:/ 7,430,265
.
102.00
109.50
5,250,000
.
Electrical equipment.**.—i——
102.75
■
NfcW CAFITAf.. ISSUES IN* THE'UNITED KINGDOM
New York's Governor Dewey and
Dr.
Alfred
Einstein
deploring
of/lasting?peace;',v
Other
notables
,.",///
who
spoke in
honor of the occasion, according
advices- to
to
the"
New
York*
['Times,"/were Secretary of the
Navy James' Forrestal; Fleet* Ad¬
miral William F. Halsey; Jr., and/
Fleet Admiral Chester W. Nimitz.
beverage sales is the smallest since last Governor Walter E. Edge" of New
August and is 10 points below the gain of 16%* in May, 1946. It is Jersey issued, an/ executive order /
interesting to note that when the depression began to lift, the first directing State commemoration of
signs lay in the fact that beverage sales picked up faster than rooms the day,- and in New York City a
orTood" business] now that* the reverse
is"happeningr it may be a sign proclamation marking the day was
issued
oh.
behalf^ of Maydr
that business is leveling off]
•;
/'Occupancy at 94% in June w*as • the same as* for the first half O'Dwyer:
of i1946, but1 one' point above May's figure and' 3
Thrdughout'thb country the day /
points? above the
aVfefagfe'Of 91% for June; 1945.
was
"The
>
6%
increase
in
.
.
"Chicago-had the biggest' gain in- total sales,. 19 %, Cleveland folv
lowed closely With- 18%j ahd New
York^i Philadelphia1 arid; theT sig/
nificant group. All others, showed 16%.
"The Pacific Coast registered a slight decrease of 3% in total
sales; There
was a decline of 2% in room sales
compared with a gain
of 5% in May, and beverage sales
slumped badly by 31%'compared
with 22% in that month. The food sales for this section
9%v as against ,12% in May.
were*
up
I
"Hie; decline of 1%- in total; sales* showri fdr Washington was
due- entirely to the drop of 8% in
beverage'sales; as both the* room
©ales and the food sales/ showed no change from a' year' agoZ/;
^marked
meinorial
foperi
.
by
parades
programs,
and?
by visits to"
house'/ fleet'/ units
arid'
Shore stations, and by services in
churches and at-graves.
Says. Italy Will Pay
No Wal? Reparations
\ Count* Carlo Sfotza, returnirig
to Italy after1 a* six-week tour of
City the gains in sales were very similar to those
South America, declared at La/
Mky, and/this city; enjoyed; the largest increase in beverage sales
f^B3%. This; htmever, compares with 25% the months before. Oc- Guardia Field; on Sept; 12 that
\ The total shori position in stocks traded on the* New
York Curb cilpahcy at1 98%* was the- same as in June, 1945,* arid was 4* points Italy would- not pay* any war repv/
above the figure for the1 nrereHine month "
figure for the
above,
Exchange" stood at 92,048 shares-on Oct. 15; 1946; compared with'
preceding month.'
84^"
^rations "becarisO-we- cannot." Wes
202' shares on Sept. 13, 1946. The
slight increase of 7,840 shares
/:JriNEFl94% CbMPAREb WITfi jdNE, 1943!
qriote from the NeW ybrk "Times"^
reversed the sharp downward trend
experienced in the previous two
fRoom
of Sept. 13, in which it was also/
ntonths^when the short position fell-48%--to the lowest
/■-/.■-' "/■/*
Rate
figure since
■—Sales, Increase ot Decrease'
OccupAhc'y^ Increase stated;
Aiiglist] 1945, sMd^ the' Curb ExchangeV announcement: of ; Octv
Total
Junfrf- June
or41
"Iri New York
in
Curb Short Positions Rise in October
in
/*
■
21;
Wliiclf-addedt1
;<*The report; shows thktV only three issues of .the
total of
.
stock issues traded
853
Rooms
Philadelphia
+16
Washihgt'on'' 1-*;. -r-; i/
Olefvelahd
;
+18'
short position/on Oct. 15 where2 no short:
position1 in bonds
hfeuf3 been showri" the preceding two
monthly-
Texas
showed
a
Pacific
All-
othersi—__
-
'
"
,
Total
'
.
4
+
+23%-
98%-1
'98%
+ 35
+14'
95//';'
+ 10-
+ 24
O *
2
~
12
+
+ '5H
Beverages*
/
0/
+ 30
'
255
+
+ 27
1©'
+
+ 34
+
2
+
1
+'9
+ 11
+ 11
+ 20
+ 25 ;>■
+18%•
90
:
8
—
+ 30
—
.
——
/ +% 8%
:«
•
4
+
.
13'
—31
93
—
5
90
';,
,+»
6%-
91::;/.^'/+ 7vv
89 ' / '|: +*5 /
97/ / '/+ r ■
;/ 87 /,H+*-7--/
9©' "
+ 4'/
90:*
•
—
2:
,
93
/
9
+
9©/
91
/96
11;/
+24%
16:
-
+13%
—
.
1945". Decrease
+32%
28/-
.+
.
+'
194©
29%
+
H
.-+T5*./';
rfeports;
The report'follows:
■
-
+
.
Coast—3
——
Food'
+ 11' ■:
—
Detroit?
Restaurant?
+
tfew> York Cityi- +16^
Chicago*' -iL**--•'.+,19-
tiie'Curb Exchange on* Oct: 14; 1940, showed
a'( short position/in excess of 5,000
shares, cOihpared- with two issues
oh Sept. 13, 1946. A total of 194 stock issues
showed a short pOsitiOh
oh* Oct; 15; compared with 195 on
SeptV 13; 1946.
One« bond5 issue
on
<
;
♦Total
92-
94";.
:
0
90v " "/'+ ■©/
«
?
V"Short
/?
-r
-
•
'•
*
'
-
]•
,
'} m'
;
-
'x ' 1
•
«Position Position' /'
'
*
"'t
Oct. 15, Sept. 13,
Security"
\ J\w ?
'V/ •Claude Neon'Light'"Inc., common.l—
Ftah^American Airways Corp. (wts.)_
1946
'
1946
I
'
\x
In-;;/
crease
"
Year' td date4- + 15%v
17,300'
8,972
crease
11,200
3,600
84,202
0
2,472
'
6,100
1,900;
7,846!'
1
+■
9%
+*20%.
9©%*-
+'
5%
91%"
+17%n/ 94%
+22^
:
+
5%
+
5
*
,.
De¬
ir
/
*
/ MbNTHtY TOTALS F6R*LAST'SIX
June;- 1946---:* '+13%
May
+16
+
3%
+'
9+
April
+ 11
—
6,500
Selected Industries, Inc., common-—
5,500
;
Total short position
(stocks)__-_r * 92i048
.;■*
Total short position (bonds).
1
Short'
..
1—.+ 15
March
+10'
January
*
average
and
U'
daily rent
per
+21-
/;
;
only.
+
r
^
24%'
+ 24
+19
+24
+ 23
+17
tThe
+21
: -
+24*
?
•+16
X-
+17
'
+ 25
r;
MONTHS;
+■
'
;
+ 8
restaurant
+18%
//
9"
+
+12
— -i._-
•Room
+
+ 17
:
.February? J.
'
+
X
+ 16*
term* "rates"
/;
•
94%
/:
/
94
.
,
89
:•/■ 90V
95
21
+ 22*'
V
93
*
V/
92
//
90
wherever
+
-'
used-refers
•
■;:/
reporters asked-
and then said /simply: 'Romance.'
-
j "Gount Sforza/ttow a member of/
Ihe
ItaliaiT Coristithent/ Assembly, ;
Americans
were; eager
to
-
countries.
|* "'We don't want Italians to go¬
to South America and go into the"
are
5
+L 5
to
haver
their/
wilderness]' he said, 'BUt if there
3
: -:>+•
,
88
+17 -"'
occupied room and not to scheduled rates.
5'
90' ■/:
93".
as
many Italians ihlihigrate to
*
•
"He listened
questions v regardingt reparations,;
'said that he had found that South
91%;
94%
\
sortie
good
positions
open
there they- may go and join many
the
.•/' Italians who
are
already there."'
Monday, November 18, 1946 ;"•
THE COMMERCIAL & FINANCIAL CHRONICLE
2596
•s
';,*.V
" /»*/,
is#*
:',.• i/'
',jhv • <
,
''•.';
r
;
vj(:v •'; ..ffi'J;;;%^V\', T* j';; vfy
'-'.^^'vv>'> .>n,.i.i';1
,
City Department
''ifry.
BOND PROPOSALS AND NEGOTIATIONS
■^'^1^-;
ALABAMA
.
County, Parlier Union
High School District (P. O.
Fresno), Calif.
Atmore, Ala,
V
to exceed 5%, payable J-D. De¬
nomination $1,000. Dated Dec. 15,
Fresno
.
\
1946.
.
.Price Paid—In connection With
Bond Sale—The $90,000 school
$280,000 2%% bonds offered for sale on Nov. 12
first mort¬ —v*
164, p. 2328—were awarded
gage bonds to Watkins, Morrow
to Weeden & Co., of San Francis¬
&
Co., of Birmingham—v. 164,
co, at a price of 100.19, a net in¬
p. 2328—it is now reported by the
terest cost of 2.154%, as follows:
City Clerk that the bonds were For
$50,000 maturing $5,000 in
originally purchased by the said 1947 to
1956, as 2s, and $40,000
firm from the city at a price of
maturing $40,000 in 1957 to 1966,
102.00, a basis of about 2.63%. as 2%s. Dated Dec.
1, 1946. " De¬
Dated Oct. 1, 1946. Due on Oct.
nomination $1,000.
These bonds
1, in 1949 to 1977. Interest payable are due
$5,000 in 1947 to 1956,
A-O.
and $4,000 in 1957 to 1966.
The
next highest bidder was the Se¬
the
sale
water
>
of
the
works revenue,
g
ARIZONA
;
Arizona Tower
'
Phoenix), Ariz,
Financing
Contract
$5,000 from Dec. 15,
1947 to 1966, inclusive.
Bidders
will be permitted to name differ¬
ent rates of interest and to split
rates, irrespective of maturities of
in
Agreement
County Sch. Dists.
(P. O. Los Angeles), Calif,
Tulare County, Tulare Sch.
Dist7
(P. O. Visalia), Calif.
Bond Sale—The $300,000
school
Nov. 12
a
con¬
—v.
164, p. 2452—were awarded
to a syndicate composed of Blyth
financing of the
Bond Offerings Scheduled—It is
& Co., California Bank, both of
Authority through the issuance of stated
by Sue Rankin, Deputy
revenue bonds was entered into
Los Angeles, and Heller, Bruce &
Clerk
of
the Board
of Super¬
with
Stranahan, Harris •&'Co., visors, that the date of sale of the Co.* of San Francisco, at a price
of 100.0117, a net interest cost of
Inc., under date of Oct. 3, 1945,
folowing issues of school bonds
and is in full force and effects as
1.654%, as follows: for $180,000
aggregating $13,500,000, has been
of this date.
scheduled for Dec. 10: $6,000,000 maturing $20,000 Nov. 1, 1947 to
The contract covers the purLos Angeles City School District; 1955, as IV2S, and $120,000 matur¬
chase of such an amount of bonds
ing $20,000 Nov. 1, 1956 to 1961,
$6,000,000 Los Angeles City High
as the Authority may find it nec¬
as
l3As.
Interest payable M-N.
School District, and $1,500,000 Los
Dated Nov. 1,1946. Denom. $1,000.
essary to issue beginning with an
Angeles City Junior College Dis¬
The next highest bidder was the
initial
instalment
of
not
more
trict bonds.
tract covering the
_
Bank
than $10,000,000
(unless a large
S amount jte assented to). For the
;
initial issue a price of 100 and ac¬
Monterey Park, Calif.
Bonds
Sold—it
is stated by Ar¬
thur W. Langley, City Clerk, that
maturities, $80,000 water bonds were offered
call prices, etc., which shall be at
fpr sale on Oct.. 28 and were
on
net interest cost to
a
the Author-
ity not to exce'ed 2%%. Maturity
is limited to 40 years and offer to
purchase
Denomination $1,000.
is i conditioned,
as
2%s, at a, price of
basis
of
about
2.20%.
Dated Nov.
Due $5,000 from Nov. 1,
1962, inlcusive. Principal
Arizona is entitled to 17.626% and interest (M-N) payable at the
of the "firm power" produced at City Treasurer's office.
Legality
Boulder Dam. This allotment was approved by O'Melveny & Myers
of Los Angeles.
made subject "to
?
a
requirement
other things, on approval
Hoffman,
among
of Wood, 1, 1946.
King & Dawson.
1947
to
'
that Arizona create
to
receive
and
a State agency
distribute
the
The Act creating the Au¬
thority provides that rates be the
power.
National
Trust
School District No.
(P. O.
School Districts
District
bonds.
Due
$20,000 Dec. 1, 1947 to 1961.
150,000 Filmore Union Elemen¬
tary School District bonds.
Due
(Pi O.
San: Bernardino), - Calif,
1
Ocala), Fla.
tion
a.m.
on
Nov.
22
a
compared with the pre-
as
vious
.
year-end.
estate tax
Real
Instruction, will receive*
sealed bids until 10
1945 showed
of
Bond Offering —Broward Lovell, Superintendent of the Board
of Public
anticipation
the close
sizeable reduc¬
Tax
achieved.
was
warrants outstanding at
collections for
improvement over 1943,
personal property tax collec¬
1944 show
for the purchase of $350,000
school coupon bonds, not exceed¬
ing 2%% interest.
Dated July 1,
tions
1946. Denom.. $1,000. These bonds
are
due $35,000, July 1, 1948 to
Total property taxes billed were
sharply upward in 1945 and will
1957.
Bidder to
interest
in
name
the rate of
multiple of V\ or
Principal and in¬
terest payable at the Guaranty
Trust Co.; New York. These bonds
have been validated by the Cir¬
cuit Court of Marlon County, and
the approving opinion of Cald¬
well, Marshall, Trimble & Mitch¬
ell, of New York City, will be
furnished to the purchasers with¬
out charge*.
Enclose a certified
check for $7,000, payable to the
a
l/10th of 1%.
Board of Public Instruction.
back
fall
Sale—The $200,000 water
for
those
below
1942 and for 1943.
climbed
rate
tax
1945
1946.
to
further 1 in
increase
The
new
heights and total assessed valued
?
dropped appreciably.
Debt Funded and Const!-,
1.
r,
tutional
;
There
-was
a
reduction of
net
$38,269,000 (14.19%) in the over¬
all gross bonded debt of Chicago's
six major governing units in 1945,
All of the governments contri¬
buted to the decrease, with an
reduction
large
exceptionally
North Miami, Fla.
; Bond
but
being achieved by the Chicago
Park District.
The gross overall
funded-, debt of the six Chicago
-
Nov.
bonds offered for sale on
13—V, 164, & 2Z2S—were
.
•
r
School
San Bernardino County, Blooming-
daleSch.Dist.
the year and a fairly large reduc-v
tion in the total of unpaid bills
awarded to B. J. Van Ingen & Co.,
of New York, and the Ranson-
awarded to Weeden & Co., of Sari
Francisco,
101.137, a
FLORIDA
Marion County Special Tax
governments was reduced $242,^
Q77,000, or more than 51%, in the
(P. O. Ventura), Calif* - •
>
nine-year period ending with
Bond Offering—L. E. Hallowell,
1945.
The City of Chicago alone
County Clerk, will receive sealed paVidsdri Co.; joihtl^; as 3s, at a
has reduced its gross funded debt
bids until 10; a,m* on Nov. 19 for price of 99.07, a basis of about
by bver 70% since 1931.
the
purchase of the- • following 3.08%. Dated July 1, 1946. These
f
The total constitutional dept of
bonds amounting to; $450,000, not bonds are due July 1, in 1950 to
the
general local
governments
1971. The next highest bidder was
exceeding 4%. interest:
(net bonded debt plus unpaid
Atwill & Co., for 3s, at a price of
$300,000
Oxnard
Elementary
bills, judgments, leases, * etc.) was
Ventura County
-
<
applicable to taxable: values with-,
in the City of Chicago was sub-,
stantially reduced in 1945.
Pay*
rolls were met regularly during
>
debt
revenue
schedule of
a
America
of 100.167.
crued interest is named for bonds
based
of
of Chicago
reprinted herewith:
The overlapping funded
The next highest bidder
Guaranty Trust Co., New
York, at a rate of 0.64%.
the
&
Savings Association, San Fran¬
cisco, for $300,000 l%s, at a price
in the main to the City
15,"1947.
was
Prin¬
proving opinion of Orrick, Dahlquist, Neff, Brown & Herrington,
of San Francisco, will be
fur¬
nished. A $2,000 certified check,
payable to the County Treasurer,
must accompany the bid.
on
13, 1946.
is
cipal and interest payable at the
County Treasurer's office. The ap¬
bonds offered for sale
Los Angeles
Reached—It is stated that
multiple of lk of 1%.
a
Dated Nov.
Denoms. $50,000, $25,000 and $10,000. These bonds are due on April
Rate of interest to be
said bonds.
curity-First National
Bank,
of
(P. O. Los Angeles, for $90,000 2Y4S, at
a price of 100.571.
^
Authority
Due
of 0.639%.
$15,000 Dec.
1, 1947
•
;£Sv'.v
-
$235,559,000 at the close of 1945
as compared with $270,855,000 the 1
previous year end. The indicated
GEORGIA
Cairo,
to
1956.
•
98.315,:
of $35,296,000 was pri¬
marily due to reduction in; net
decrease
Ga.
| Bond Sale—The following 2^4% funded debts.
,
Dated
Dec.
1,
1946. Denom. unlimited tax bonds amounting to
Bond Offering—Sealed bids will
The City and Sanitary District
possible, that they be readbe received until 11 a.tn. on Nov. $1,000. Principal and interest pay¬ $280,000 and offered for sale on
showed; increases in margins :of
Justed ; annually, and that the
v. 164, p. 2452 — were
able at
the
County Treasurer's Nov. 12
18, by Harry L. Allison, County
borrowing power at the closo'of
Authority's operations be financed
Enclose a certified check awarded to Johnson, Lane, Space
Clerk, for the purchase of $100,r • office.
by non-taxable revenue bonds.
& Co., of Savannah, and .the Trust 1945, but reduced- margins oc¬
000 school bonds. Interest rate is for 10% of the bonds bid for, pay¬
curred, for the Board of Eduqanot to exceed 5%, payable J-D, able to the Chairman of the Board Co., of Georgia, of Atlanta, joint¬
CALIFORNIA
ly, at a price of 102.384, a basis of tion,; Park District, County and ,
Denomination $1,000. Dated Dec. of Supervisors.
Foresf Preserve District.
about 2.06%:
1, 1946. Due $5,000 from Dec. 1,
California (State of)
Ventura County, Fillmore Union
The constitutional debt appli¬
1947 to 1966, inclusive. Only one
$100,000
street " improvement
'K Bonds Voted
Chas G. John¬
Elementary Sch. Diet. (P. O.
cable to taxable values-within the
;
bonds.
rate of interest may be bid, for at
Ventura), Calif.
son, State Treasurer, advises that
least
100,000 water supply and distri¬ City ' of Chicago amounted ; to
par
and accrued interest.
the $100,000,000 Veterans' Welfare
Bonds Voted — At an election
4.51% of such values at the close,
bution system bonds.
'
bond issue was approved by a 3 Principal and interest payable at held on Oct. 8 the voters
approved
of 1945, und the per capita gross i
the
65,000 sewerage system bonds;
County
Treasurer's
office.
to 1 majority at the general elecby a wide margin the issuance of
(15,000 power plant and electrical bonded debt within the city limits
tion and states that no "definite Legal approval of O'Melveny &
$150,000 Construction bonds.
was $62.62.
:
distribution system bonds.
Myers, of Los Angeles, will be
program for their offering has as
More than 83%
of the gross
furnished to the purchaser with¬
Denomination
$1,000.
These
yet been scheduled. Indications
COLORADO
out cost. A certified check for 4 %
bonds are due in 1949 to 1976. The bonded debt of the Chicago gov¬
are for sales beginning next
spring
of the bonds! bid for, payable to Montezuma County, County High next:highest bidder was Clement ernments, is on an optional call
in lots of about
$10,000,000, de¬
Sch. Diet. (P. O. Cortez), Colo.
the County Treasurer, is required.
A, Evans & Co., Brooke, Tindall basis;;';For the five-year; period
pending on requirements.
Bonds Sold—r It is stated that & Co., J. H. Hilsman & Co., Rob- 1947-1951, inclusive, only 9.217%
San Diego County Water Authority
East Bay Municipal Utility District
$230,000 building bonds were pur¬ inspn-Humphrey Co., Norris & Of the existing' bonded debt ma- *
(P. O. San Diego), Calif.
(P. O. Oakland), Calif
chased recently by Coughlin & Hirshberg,. and Wyatt, Neal & tures, but more than 45% be¬
Bonds Voted —It is stated by
Bonds Voted
Daniel Read,
Co., of Denver, as follows: Bonds Waggoner, jointly, at a price of comes callable. Heaviest maturi- r
the Acting Secretary of the Au¬
ties (24.6% of the total) occur in
maturing on Sept. 1, in 1947 and 100.799.
Secretary-Treasurer of the Board
thority that at the Nov. 5 election
of Directors, states, that the
1955, with more than 53% of all
1948, as l%s; and the ,bonds ma¬
$12,- the voters approved
ILLINOIS
^by, a very turing from.. Sept; 1, 1949 ;to 1961,
bonds becoming due in the three000,000 aqueduct construction wide
margin the issuance of the
as
and ther $23,500,000
1 %s.:
Bonds maturing; frotn ; Bloomington School District, III* > year period tJ954^56, inclusiyei;^ ; ■
sewage dis¬
lowest
—
—
''
.
.
-
—
posal
bonds
stantial
carried
margin
two-thirds
over
vote.
by a sub¬
the required
He
that
says
$2,000,000
bonds.
]
both
of
the
issues
entire
during
amount
'
'
Mateo County
Redwood City),
present plans contemplate the of¬
fering
San
pipe line construction
1
of
Bonds
Voted
—
At
(P.
O.
Calif.
the
Nov.
until
10:30
election
January.
a.m.
Nov.
on
26
for the purchase of $12,000 not to
exceed 5% interest school bonds
Dated Jan.
1, 1947. Denomination
$1,000. Due $3,000 from 1948 to
1951, inclusive. Principal and in¬
terest (J-J) payable at the County
Treasurer's office.
der
will
which
to
be
Successful bid¬
allowed
determine,
10
at
days
his
in
own
expense, the legality of the bonds.
A certified check for $1,000, pay¬
'*
able to order of the Board of Su¬
pervisors, is required.
*
•
»•'.
>
U<
Un .♦
it
A
.
CONNECTICUT
5
the. following bonds' ag¬
gregating $445,000, were approved
Fresno County, Floyd School Dis
by
the
voters: $130,000
Relief
trict (P. O. Fresno), Calif.
Home; $125,000 Canyon Sanitari¬
Bond Offering—E. Dusenberry,
um; $115,000 hospital, and $75,000
County Clerk, will receive sealed detention home bonds.
/'•
bids
1961, are callable on Sept. i Bond Offering—Mattie C. Bish¬
1, 1956. Dated Sept. 1, 1946. In¬ op, .Secretary of the Board of
terest payable M-S..
Education, will receive sealed bids
until 4:30 p.m. on Nov. 26, for the
1957 to
purchase of the $750,000 building
bonds that
Meriden, Conn.
Bond Sale—The
$75,000 sanitary
and storm sewer coupon
fered
for
sale
on
Nov.
bonds of¬
14,
were
authorized at the
election held on Dec. 14, 1945.
were
to
—
,
Nov.
23, by H. E. Miller, Coun¬
ty Clerk,
for the purchase of
$100,000
couponor
registered
on
school bonds.
Interest rate is not
a
document that, as
usual, is both
comprehensive
authoritative and
Note Sale—The $700,000 tempo¬ .subdivisions,
loan notes offered for sale on
Nov.
13, were awarded to the
First Boston Corp., at a discount
rary
"
'
"'V;.
,
>
'A
!
portion
in
r
scope.
ments
of the
were
total
A
bills
local
govern¬
in 1945.
in unpaid
judgments, ^
met regularly
of
$9,996,000
;(exclusive
of
-
salaries and interfund loans) stood
On the books
of the six
That
of the report applicable
of
reduction
total
$1,945,000
;
govern-
ments at the close of 1945—a
Caseyville, III.
1 Bonds Voted—At a recent elec¬
Wood, Struthers &
tion the voters approved the issu¬
Co., of New York, as Is, at a price
ance of $30,000 street and bridge
Bonds Defeated
At the same of
100.047, a basis of about 0.99%.
construction
bonds by a heavy
time the voters rejected proposals Dated Nov.
1, 1946.
Denomina¬
?
calling for the issuance of $980,- tion $1,000.* These bonds are due majority, according,to report. S
000 bonds.
■
Nov. 1, as follows: $8,000 in 1947
Chicago, III.
to 1951, and $7,000 in 1952 to 1956.
Santa Cruz County, Salsipuedes
Local Finances Reviewed—The
The next highest bidder was the
Union Elementary School District
First Boston Corp., for DAs, at a Chicago Civic Foundation has just
(P. O. Santa Cruz), Calif. >
issued its, thirteenth annual study
price of 101.03.' ;
;
Bond Offering—Sealed bids will
of the financial standing of the
be received until 10 a.m. (PST),
Stamford, Conn.
city, and its continuous political
awarded
Debt-Floating
2.
Payrolls
net;
from the
outstanding at the previous
For the first time in
history of the Couny's
year-end.
the recent
Corporate Fund, discounts on bills *
are
now
being taken.
-;::;;
Anticipation Tax Warrants out¬
standing
showed
as
at
a
the
close
reduction
of
1945
of $4,627,000
compared with 12 months pre¬
Total warrants held by-
vious.
the
public
(all
years)
decreased
$3,691,000 and those invested by
the several governments in their
own funds dropped $936,000;
N.o
tax warrants of 1939 to 1944,. in-
,
'
*"
»">
V
■
-i *Vj p"?
yri :■ <
elusive, .'werfe!r outstanding against
any of the,.governments, except
relatively small amounts held by
y have the effect of very sub-'
stantially increasing the Valuation
And 1943.
:
base.
>100%
new
Education
of
became
Collinsville, III.
Bonds
also the
was
case
sewage
.
3.
IOWA
Bonds; Defeated—An
J
>100,000
bonds
was
pur¬
chased recently by the
Municipal
Corp., of Chicago. Dated
Vlay 1, 1946. > Legality approved
jy Charles & Trauernicht, of St.
with the County.
Property
Collections
Tax
3ond
;
Boone
over those of 1943.
How¬
official concern should be
•; felt over the fact that personal
(1944)
Voted
Bond Call
District
ment
at
Albert H. Brandt,
Treasurer, calls for pay¬
par and accrued interest
de¬
was
held
on
Sold—The
bonds
—
It
is
stated
by
offered
7 "
$25,000
for
the
election
held
Peterson, County Treasurer
Jiat the voters approved at the
general election the proposal to
issue
$100,000 county
hospital
bonds.
City Sch. Dist.
Bonds
City),
Sold
—
It
(P. O.
:
Iowa
is
stated
that
bonds
$25,000
construction
proved by the voters at
tion held last
an
elec¬
May, have been sold
bonds
months
10
from
real
estate
suggest need for some mandatory
proceedings such as provided in
the "Scavenger Act." Analysis of
real estate tax deficiency further
shows delinquency to be highest
for quadrennial assessment years,
due to heavy reductions made in
?
'*■
the review of real estate
assess¬
ments, which already have gone
; to the County Clerk as the basis
■; for tax bills. :: Afeturnto: theproof reviewing real. estate
before the tax bills
cedure
assessments
out should eliminate the ex¬
go
-
cessive delinquencies which now
characterize years of quadrennial
Other assessments
reassessment.
La.
Nov. 5 to
on
,
composed
of
Kings¬
bury & AJvis, the National Bank
of
Ellis, City Clerk,
election
that
the
at
the
Commerce, Kohlmeyer, New-
burger &
voters
Merrill
ap¬
100.003,
plant bonds.
Bonds Defeated
—
At the
about
same
time, reports Mr. Ellis, the voters
'
Madrid, Iowa
ed
on
interest
net
a
2.075%,
on
cost
of
the bonds divid¬
follows: $108,000 as 3s, due
Aug. 1 in 1947 to 1950; $148,as
2y4s, due on Aug. 1 in 1951
1955; the remaining $394,000 as
as
000
i;o
2s, due from Aug. 1, 1956 to 1966,
all incl.
Interest payable F-A.
The $40,000 School District No.
12
bonds
were
purchased at the
by Kingsbury & Alvis
time
same
of New
■;>
Orleans, the only bidder,
at par, giving a net interest cost
of about 2.39%, on the bonds di¬
vided as follows:
164, p. 2197—were awarded to
$26,000 as 2y4S,
Charles A. Hinsch & Co., of Cin¬
due from Oct. 1, 1947 to 1969; the
by F.
cinnati.
Dated Dec. 1, 1946.
De¬ remaining $14,000 as ,2%s, due
Bank, of Chicago, and the Mil¬ H. Graves, City Clerk, that the
waukee Co., jointly, at a price of $45,000 city hall and community nom. $1,000.
These bonds are due from Oct, 1, 1960 to 1966, all incl.
Dec. 1, as follows: $10,000 in 1967, Interest payable A-O.
100.091, a net interest cost of about hall bonds approved by the voters
1.38%, as follows: for $325,0CD at an election held last February, and $4,500 in 1968. * The next Richland Parish
(P. O. jRayville),
purchased
maturing $25,000 Dec. 1, 1947 to have been
by
the highest bidder was Stein Bros. &
'w
1959, as l%s, and $175,000 ma¬ White-Phillips Co.; of Davenport, Boyce.'
Bond Sale—The $400,000 drain¬
turing $25,000 Dec. 1, 1960 to 1966, as VAs, at a price of 100.91.
Louisville, Ky.
age construction bonds offered for
as IV2S.
Dated Dec. 1, 1946. De¬
Bonds Voted—It is stated by sale on Nov. 5—v.
Manila, Iowa
164, p. 2193—
nomination $1,000.
Interest, pay¬
Gilbert Burnett, Director of Law, were awarded to a
Bond
Sale
The $20,000
me¬
syndicate com¬
able J-D. The next highest bid¬
that the $8,000,000 school bonds posed of the
morial building bonds offered for
Equitable Securities
der was Halsey, Stuart & Co;,
were approved by a large major¬
sale at public auction on Nov. 12
Corp., Kingsbury & Alvis, White,
Paine, Webber, Jackson & Curtis,
—v.
164, p. 2329—were awarded ity at the general election, and he Hattier & Sanford, and Glas &
C. F; Childs & Co.; and Mullaney,
to Shaw, Mcpermott & Co., of Des reports that the date of sale and Co., all of New
Orleans, at a net
Ross & Co., jointly, for $500,000
Moines, as 2%s, at a price; of amount to be offered are current¬ interest cost of about 2.21%, on
1V2S, at a net interest cost of abou*101.15.
These bonds are due in ly indefinite.
the
bonds
divided S as
follows:
1.3895%..
not less than 5 years nor more
$368,000 as 2^s, maturing from
McCracken County (P. O.
than 20 years.
Dec. 1, .1947 to 1960; the
The next highest
Wayne County (P. O. Fairfield),
remaining
Paducah), Ky.
bidder was Carleton D. Beh Co.
$32,000 as 2s, due on Dec. 1, 1961.
Bonds Offered
for 2%s, at a price of 101.125.
Rudy Pierce
Interest payable J-D.
Bond Election—The issuance Of
County
Clerk, received sealec
$300,000 road improvement bonds
Ottumwa, Iowa
bids until 11 a.m. on Nov. 14, for
MARYLAND:.
'''
will be submitted to the voters at
Bond Sale—The $44,O00, stree
•h
V
>'< '
'**"
k iv r"*
'
jt
the purchase of $170,500 2V2 %
an election scheduled for Dec. 10,
Baltimore, Md.
improvement bonds offered for court house revenue bonds. Datec
it is reported.
Bonds Voted—Connrmation
?s
sale on Nov. 7—v». 164, p. 2329
Dec. 1, 1946. These bonds are due
given by John J; Ghinger, City
were awarded to the White-Phil¬
Dec. 1, as follows: $11,000 in
1947, Register, to the report -that the
INDIANA
lips Co., of Davenport, as 114s, a
$11,500 in 1948, $12,000 in 1949 to
$20,000,000. various purpose bonds
a price of 100.409, a basis of about
1951, $13,000 in 1952 and 1953,' were:
Hanover, Ind.
*
approved by the voters at
I.185%. Dated Nov. 1, 1946. De¬
$14,000 in 1956 and ,1957, $15,000 the
Bond Sale—The $85,000 sewage
nomination $1,000.
Noy. 5 election and states that
These bonds in
1958, and $16,000 in 1959. Said no definite date of sale has
works revenue bonds offered for
beeii
are due
$4,000 from Nov. 1, 1948 bonds
may be redeemed prior to scheduled.
sale on Oct, ,7, were awarded to
to 1958. The next highest bidder
maturity, in whole or in part, in
Fox, Reusch & Co., of Cincinnati,- was
N/0v. 7 — v.
delinquent,
awarded
were
syndicate
a
—
last
School Districts
Bastrop),
Bond Sale—The $650,000 School
Nos. 2 and 3, Merged
'
taxes 10 or more years
O.
Co., all of New Orleans,
Lynch, Pierce, Fenner &
proved the issuance of the $1,-- !3eane, of New York, John Dane,
240,800 water- works extension, Glas & Co., and G. Price Crane,
all of New Orleans, at a price of
and the $180,000
sewage disposal
C.
,
Small collections received in the
price of
Districts
on Dec. 1, an issue of $9,000 4% %
rejected proposals calling for the
to the Forest Cityi Bank & Trust
property tax delinquency for 1944
and 5% refunding bonds, Nos. 17
issuance of $3,939,400 various
pur¬
was 21.5 % at Dec. 1,1945, as com¬
Co., as Is, at a price of 100.40.
to 25.
These bonds should be pre¬
pose bonds.
pared with 16.8% for 1943 and
Sy-' fa
vV-' r
V
sented for payment at the First Jefferson County (P. O. Fairfield)
17.8% for 1942, at Feb. 1,1945 and
National
KENTUCKY
Bank of Blue Island.
^ Iowa
March
31,
1944,
respectively, Dated Feb.
1, 1942. These bonds
Bonds Voted—The County Au¬
Caldwell County (Pr: O. Prince¬
Analysis of collection figures since are due
Dec.1, 1961.
ditor states that the $200,000 hos¬
1928 indicates; the necessity of
ton), Kyi
pital bonds carried at the Nov. 5
prompt and vigorous collection
Rockford Sanitary District, III.
Bond Sale
The $14,500 2% %
election by a heavy favorable ma¬
V activity if a return to the out¬
road and bridge
Bond Sale—The $500,000 series
refunding bonds
jority.
■■
rageous personalty deficiencies of G sewer bonds offered for sale oh
offered for sale on Noy. 12—v.
past years, is to be avoided.
a
John
Price
,
Wichita, Kan.
ap¬
—
Beane,
G.
and
■
t
.
(P.
Bonds Voted—It is stated
by C.
general
Forest
&
Co.,
Morehouse Parish
on
f
*
,
&
Co., jointly, at
"00.437.
l%s. Dated Oct. 1, 1946. Denom.
$1,000. These bonds are due from
Feb. 1, 1948 to 1957, and were au¬
at
Fenner
Glas
Crane &
on
Sept. 23, were awarded to Beecroft, Cole & Co., of Topeka, as
April 2.
Pierce,
Dane,
air¬
sale
H.
Forest
County Sch. Dist. No. 130
(P. O. Blue Island), 111.
port
County (P. O. Boone), Iowa thorized
Bonds
J.
bonds
Bonds
'
issue' of
election
the
O.
v
Cook
Improvement is shown in collec¬
tion of current real estate taxes
ever,
hospital
at
2597
)"V''Morton, Kan.r
County (P.
Waukon), Iowa
and
water works
revenue
of
The Working : Cash Fund of thei
Chicago Park District is complete-:
ly liquid.
Louis.
*
rv HVFC
,;.f"
"V
Allamakee
Nov. 5.
issue
Purchased—An
$350,000 2%%
in¬
;
creasingly liquid during 1945, as
V
The
law takes
feated
part of the City of
Chicago's Working Cash Fund remains frozen, but that of the
Board
valuations
effect in 1946 and will undoubted-
The greater
-
<T*'V/'«•:"•.'jT>y^.V"'v*',1
railroads and capital stock.
Jhe Forest Preserve District in its
own furids for„the years 1930, 1940
.
T
[THE COMMERCIAL & FINANCIAL CHRONICLE
jyolume r,l 64 " Number 4543
awarded
164,
to
p.
2329
First
the
—
were
National
Bonds
Sold—It is
stated
*
—
.
—
iare now reviewed before
~
they are
certified to the County Clerk for
v
tax
-
billing purposes.
4.
,
1
Property Tax Extensions
basis of existing 1946
it is estimated that ap¬
proximately $206,300,000 may be
billed against property: within the
City for the tax year 1946. This
total compares with $200,600,000
for 1945, $194,000,000 for 1944 and
the
On
r
levies,
.
$188,200,000 for 1943. The pros•pebtive increase in total for 1946
I 1$, due/ primarily, to increased
levies by the Board of Education
and the County of Cook, which
than offset
more
for the
cago.
share
decreased total
Sanitary District of Chi¬
Sy&l ■
.
The
/
a
each tax
of
dollar
billed
<$0.3656) with the Board of Edu¬
cation close behind.
order
in
the
Then follow
Chicago Park Dis¬
trict, Cook County, the Sanitary
and Forest
Interest
:
payable
Paine, Webber, Jackson & inverse numerical
order,
J-D; Curtis, for
l%%* $t a price of
interest payment <fete, at
Works 100.404, • Interest
payable M-N,
accrued
An issue of $25,000 sewage
revenue
bonds has been sold
Preserve Districts.
the Madison Safe
Deposit & Trust
Co., of Madison, as 3s,
—
we
estimate that
1946 may
rate for
the
be $4.36
However, the operation of the new
valuations law may
reduce the 1946 rate to below $3.00
;as a result of a probable sharp
State
100%
•
in
increase
revaluations.
rate
:
assessed
estimated
1946
be reduced by abate?
may
in several
ments
:
aggregate
The
bonds
iri-
and
terest levies now on file.
Chi¬
cago's 1945 tax rate is second
liighest among comparable rates
in
United
States
v
cities
,v
000.
These bonds
valuation
$$154,390,000
-
Real
estate
less
for
1945
than
for
Additional
assessed
values
was
de¬
creased
$117,397,000, railroad,
)$11,916,000 and personal property,
$25,077,000.
The State Depart:ment of Revenue applied a 46%
0
5
State average
*51%
1945
for
(as compared with
1944) in
Ccok
computing its
County, .valuations on
Sale —The
works.utility
offered for sale
p.
$25,000
revenue
bonds
Nov. 8—v, 164,
awarded locally.
on
2329—were
Dated Nov.
1, 1946. Denomination
These bonds are due $1,-
$1,000.
000 from Jan.
Vernon
1, 1948 to 1972.
call,
date
a.m^ on
Nov. 20, for
purchase of $550,000 light
plant revenue bonds. Bonds and
attorney's opinion will be fur¬
nished by the City.
A certified
Township Sch. Township
Sale—The
$10,000
high
school building bonds offered for
sale on Nov. 4—v. 164, p. 2197—
awarded
were
Trust
at
a
$1,000
and July 1,
and
Runner-up
was
-
Fletcher
offering
bonds.
-
-
on
Jan.
Fox,
100.53
.W;:v ;
1,
1950,
1953.
Reusch
for
&
Bonds
$95,000
was
Nov. 26 for the
purchase of $731,-
000 not to exceed 4%
interest
re¬
funding bonds of 1946.
Dated
Nov. 15, 1946. Denomination $1,000. Due Nov. 15, as follows: $21,000 in 1951; $20,000, 1952 to 1954,
inclusivp; $30,000, 1955 to 1957, in¬
clusive, and $40,000 from 1958 to
1971V inclusive. Principal and in¬
■!-,
■'
terest
(M-N)
payable
at
th©
Montgomery County National
LOUISIANA
Bank,, Rockville.
Bonds will be
subject to registration as tq. prin¬
De Qvincy, La.,
Defeated
An issue of cipal only. Rate or rates of inter¬
est to be expressed in multiples of
recreation center bonds
'iv
—
defeated at the election held, Ys
or
one-tenth
of
The
1%.
le¬
gality of these bonds will be ap¬
proved by Niles, Barton, Morrow
West Des Moines Sch. Dist., Iowa
Morehouse Parish (P. O.
& Yost, of Baltimore, and the ap¬
Bond Sale—The $80,000 build¬
Bastrop), La.
proving opinion of this firm will
ing bonds offered for sale on Nov,
Bond Sale —The- $400,000 2% be delivered, upon request, to the
13, were awarded to the IowaDes
Moines
National' Bank
& drainage bonds offered for sale purchaser of the bonds, without
on
Trust Co.,
Nov.J), were awarded to a syn¬ charge. Enclose a certified check
of Des Moines, and
dicate cbmposed of the Equitable for $14,620, payable to the County
White-Phillips Co., of Davenport,
at
as
l%s at
These bonds
94.
a
price of 101.-
were
authorized
the election held
on April 10.
highest bidder was
Carleton D. Beh Co., Paine, Web¬
ber,
Jackson
&
Curtis,
and
Wheelock
&
Cummins, jointly,
for 1V2S, at a price of 101.20.
The
next
KANSAS
Arkansas City,
July 1 in 1947 to
1952,
Co.,
must accompany the bid.
Dated Aug. 31, 1946.
on
1949, and Jan.
1951,
the
Co., of Indianapolis, as l%s,
price of 100.76, a basis of
about 1.04%.
Due
to
urer,
ville), Md.
Bond Offering^—J. Forest Walk¬
plus the following premiums: for er, Clerk of the Board of County
five years 3%,. for the
Commissioners,
wi 11
receive
next
five
years
2%, and 1%. sealed bids until 11 a.m. (EST) on
the
jointly,
(P. O. Fort ville), Ind.
Bond
1944.
due July 1,
'
water
;
as¬
are
in 1948 to 1977.
over
/
City, the total
Within the
sessed
of
,
Assessed Valuations
6.
;
of
Montgomery County (P, 0. Rock-
and
the first
Lewis & £0., of Chicago.
Dated check for 2% of the amount'of the
Nov.' 1,' 1946; Denomination $1,- bonds, payable to the City Treas¬
'
500,000 population.
Iowa
any
Bonds
Voted—J.
F.
Baillie,
County
Treasurer,
states
that thereafter.
Sale—The $26,000 school $125,000 juvenile home construc¬
Simpson County (P. O.
bonds offered for sale on Sept. 25, tion bonds, were
approved by a
Franklin), Ky.
were awarded recently to Raf- wide margin at the
general elec¬
Bonds Soldi—The $7,000 school
fensperger, Hughes & Co., of In¬ tion on Nov. 5,
dianapolis, as 1Vzs, at a price of
building revenue bonds offered
Sibley, towa
for sale on Aug. 6, were awarded
100.621, a basis of about 1.395%.
Bond #Offering—R. D. Stewart,
Interest payable J-J.
recently to Stein Bros. & Boyce,
City Clerk, will receive sealed bf Louisville, as 2s. Interest payQxf ord, Ind.
able M-N1..
■:' >1-
Bond Sale
The $130,000 elec¬
$4.24 on tric
utility revenue bonds offered
the $100 of assessed value is $0.27
for sale on Nov. 8—v. 164, p. 2197
above the rate for 1944.
Based on
—were
awarded
to
Benjamin
*1945 valuations
(P. O. Des Moines),
Highland, Ind.
tax rate of
1945
Polk County
bid^ until 10
5.; Property Tax Rates
The
interest to
to
on
par
Bond
receives the largest
City
4s.
as
Bonds
Voted
Kan.
The
$350,000
municipal hospital bonds were
approved at the election held on
Nov
—
5. ..These bonds
1 Vt % ifered for sale in the
it is reported.
will
near
on
July 16.
Securities
Corp., Barrow, Leary,
Co., of Shreveport, Scharff &
Jones, of New Orleans, Bastrop,
and White, Hattier & Sanford, of
New Orleans, at a price of 101.27,
Treasurer.
&
a
basis
bonds
of
about *1.825%.
These
due Nov.
1, as follows:
$25,000 in 1948, and 1949, $26,000
in 1950 and 1951, $27,000 in 1952,
$28,000 in 1953 and 1954, $29,000
in 1955 and 1956, $30,000 in 1957,
$31,000 in 1958 and 1959, $32,000
in
are
I960, and $33,000 in 1961.
terest
other
payable
bidder
M-N.
was
the
The
In¬
only
National
Washington Suburban Sanitary
District, Md.
Bond
Offering—It is stated by
that the
sealed
bids at its office, 4017 Hamilton
Street, Ilyattsville, Md,, until; 3
p.m.
(EST), on Nov. 26, for the
purchase of $1,000,000 water main
Chairman Perry Boswell
Commission
will
receive
and sewer construction
pon
bonds.
The
LLL cou¬
bonds
will
be
price,, not "P*
and accrued inter¬
awarded at the highest
less
than
par
Commerce, New Orleans, est, offered for the lowest inter¬
future,'-Kingsbury & Alvis, Kohlmeyer, est rate bid upon in a multiple of
Newburger & Co., Merrill Lynch, 1;/1'0 or Ys of 1%, and no bid may
be
of-
Bank of
Monday, November 18, 1946
name
Due on,Dec. I: $10,000 in
1, 1946.
1947 to 1956;
.
ing opinion of Masslich & Mitch¬
ell of New
York, will be furnished
A certified check
for
1%
of -the
amount
payable to the
MISSISSIPPI^
bonds
of
Commis¬
sion, is required with bid.
'
offered
were
Nov.
on
8,
and
Education that at the Nov. 5 elec¬
were
Webb (P. O. Old Forge), N. Y.
Bonds
;
Sold—ft
ceive sealed bids until ! p.m. ron,
Nov. 19, for .the .purchase of:$14,rj
250
park
and playground
coupon
Iptf:
to
1951.
Rate
of
interest
be
to
in
multiples of y4 or l/10th of .1%.'
Principal and interest payable at
proved
*
.
.
-
$18,000 Nov. 1, 1947 -to
1951.
Denom. -$1,000.
'The next
highest bidder was Robert'Hawk¬
ins & Co.* -for Is, at a price of
due
are
100.139.
^
Sale-*-The
Mass.
$65,000
s.
•
,
■,i ;-r, •
j
>
-
MISSOURI
sale
addition
on
Nov.
notes
13,
.Bond
::
offered
were
100.209,
basis of about
a
•
•Dolphin M&O,, 4pintl3r,yfor- $407,^
000.as ,1.35s, at a price of ,100.047. ^
—
An
recreation
$25,000
struction
center
$22,000 in 1952 ito
and
the
of
Town
the
Curtis, Robert HawkinsCo.,
$8,000
for Is,
bonds
and Coffin & Burr, jointly,
lllfillll
100.318.
Ml
equipment
make
immediate
financing unnecessary.
No new
offering anticipated before Jan¬
15.
Kalamazoo
Nov. A to the
on
of State
' /7;, :7;7
;,School
District, fMich.
Note Offering—H.
W. Anderson,;
Lands -and
received,
was
■
^
,
Nov. 5.
of
Payable at the Ameri¬
National Bank of Kalamazoo.
Bids
shall
be
of
V4
Bids must
1%.
be
on
The approving opinion of
retary.
,
sale
on
bonds
offered for
p. 2330—
$1,000. These bonds are due Dec.
1, $11,000 in 1947 to 1950, and
$13,000 in 1951. Interest payable
J-D.
The next • highest pidder
was Barr Bros. & Co.,' for 0.90s,
at
a
price ^of
" Jl
h.
'
-
* ♦
par.
,
t/,
•''«
"tV1:^v..
-
.
Common fSiihl iDtst* No.^ {8
O.
Wingdale), N. Y.
\)
*
Concord,N.:C.
Nov.^8—v. 164,
awarded to Wood, :Struthers
.were
pay¬
Pondera County Sch, Dist. No.
18
(P. O. Valter), Mont.
BondISale^The^1&0Q(L build¬
ing bonds offered for. sale on Oct.
21-t-v.
164, p. 2065—were pur¬
chased by the Farmers & Stock¬
Bank of Valier, as 2s, .at
men's
par,
according 7 to
Clerk.
Dated
Oct.
the
1,
District
1946.
'
for
awarded
sale
as
2s.
on
Nov.
12,
These bonds
$5,000 building
8
,
were
truck
and
street signs .bonds of¬
on Nov. 13—v. 164,
was -
printing the notes shall be paid
by the purchaser. Enclose a cer¬
tified check for 2% of the par
$50,000
feated
revenue
vat
Oct. 29.
the
bonds
the
Peoples
Haverstraw, for 1V2S, at
-
a
Bank,;
price
issue ,of
was
election held
to the State Treasurer.;, /
■
/.'■
•
r
'
h":'
v
.
I
r'- •;
*"•'.•
^
•
y.c-;, ~
.•"*
'
T*'
Rockingham County (P. O. Went*
de¬
on
Co.,*inc,,Tpr I %s.:
*
.;
;
,
■r
sale onNov. i8—v. 164,
were
p.t2199---J
awarded to the Eirst Nation-'
al Bank,
of Chicago, as
at a
price of 100.1976, a basis of ^about
1.485%.
Dated Dec. I, 1946.
De¬
$1,000.; These bonds are due 7
$16,000 from Nov. I. 1948 to 19,72.
nom.
Interest
M-N.
bidders,
The
next
highest
for 1 Vz % bonds,
the Chemical Bank
were
Ttust ' Co, .
New York,
and the National - City;
Cleveland,' jointly, ;at ; a
price of 100.14.
7
Bank,
•ItBoniis:^Wftted1-^It^is7staied
D.
b3Tv
B.
Symons, Secretary «of Ihe
Sinking Fund Trustes, that the
$1,500,000 storm ^se.werbonds were
approved by the .voters on Nov.
that the voters approved :the -issu¬
of the $850,000 bospitaLsite
purchase bonds ^at the Ttgenejral
election.-;,
;,-•;; > /\
^
ance
.
La Rue 'Local S<lk.l*Dist.i*Qhio
'
Bond
Offering—C./£. Nolliday,
ClerkTTreasurer of the Board
of
Education, .will
teceive sealed
bids/until noon on Dec. 11, for the
purchase of $15,500 school bonds,
to bear-not exceeding 1lk% -Inter¬
est. Dated June 1, 1948. Denoms.
$1,500
and
$1,250. ?■ These
bonds
June and Dec.
\U)orth), N.-C.
iVw'; ; ^ 1, 1948, and $1,250 on June and
Bonds .Votedrrr-Jt is stated hy: Dec. .1, In 1949 to 1953.
Rate NOf
D;tC. .Wall, Clerk^of Ihe Deatd of intereset to be lnbiultiplesbf ^
of 1%,-A.eertified check for $155,
.County- Commissioners,- that; at the
Nov.
5 election ;the ^voters ap¬ payable to the Board of Educa¬
y
proved the issuance of the $1,500,- tion, .must accompany bid.; v
.
are
due $1,500 on
.
,
000 school bonds.
•;.,
'
f:: : «
"■■J;7;Leesburg, Ohio
*•, '•
..
Bond .Sale—The
?$7,500 water
bonds offered if or :sale ;on
Nov. 9—-v. 164, p.:2454—were^purchased by/J. 'A. White r Do.
Cincinnati, .the .only bidder, >ac>
■NORTH JJAKOTA
of 100.10.
works
Suffern, N. Y.
Bond Sale—The $13,000 parking
lot and ^ewer of 1946 bonds
ofT;
Osceola, Neb.
Defeated.—An
Harris :&
-The ..next
Stran^ban*
^
,
;
Bonds
was
bidder
_
on
Oct. 22.
MrS.
highest
.
obligations; unlimited tax; regis¬
terable as to principal only; deliv-,
ery on -or-about Dec. >10,-1946, -at
falo, as.l;40s, at a.price of 100.135,
place of purchasers choice, -Bid¬
a
basis of about. 1.355%;; Dated
ders -are^requested 4o name the
Oct. 1, 1946. Denom. $1,000. These
interest rate, -or rates in -multiples
bonds are due $1,000 from Jan/l*'
of y4 of 1%.
Bids must be on
1948 \to 1952.
The next highest
forms furnished hy thetabove*Sec¬
bidder was Tilney. & -Co., ^ for.;! V2 s,'
retary. The approving opinion-of
at: a price, of 100.133. ^
■ •
- H
.Masslich & .Mitchell, of New York.
^Naveretraw,N.W.
City, will be furnished. Enclose a
i"Bond -$ale/-^The^^:$6,O0O;inbtpr; certified check-for $1,300, payable
fered for sale
were
March and Sept. 1,an 1948 to 1957.
Interest payable
•
,164, ,p. 2330—were awarded
to the Marine Trust Co., tOf ;Buf-
bidder
fered
1, 1946. Denom.
are due $1,500l
.
Bond Sale—The
bonds offered for. sale .on Nov.
Examiners, that the
$2,000,000.hospitalbpnds were ap¬
proved by the voters >at ?the Nov;
5 .election,
These bonds
'Bond Offering^W. & Easter5 hy a wide >inargin.
...
;
ling, Secretary of the Local Gov-'
erment Commission, will receive
Hamilton, iOhio
;
sealed bids .at-his office in Raleigh,
Maturity
fe stated byM.'^L:
until 11* a.m. on Nov. 19 for. the
Thomas, Director .of Finance, Ithat
purchase of the following couppn the ' $44,000 -street "improvement
bonds amounting -to "$65,000, -not
bonds sold to the \City Treasury
exceeding 6 % interest:
:
Investment Board -as -2s, ;at mar—
$30,000 street bonds. Due $3,000 v. .164, .p. 2331-rare due on Nov, 1
May 1, 1948 to 1957. :
as follows:
-$8,000 in -1948, and
35,000
equipment bonds.
Due
$9,000 in' 1949 to ::1952.
Interest
$5,000 May 1, 1948 to 1954. ;
payable M-N.
;
y. Dated Nov.. 1,. 1046.^ Denom.
r
Irftkewpod^Ohio,,
$1,000. Principal andJnterest.payable in New -York 'City.
Bonds
oted—We >are* informed
General
—v.
of
of par. Dated Nov.
$500.
Elyria, Ohio
Enclose
certified check for $1,740,
able loIheEtpte Treasurer, y v
Sale-^The $57,000 general
improvement
Board
conditioned, upon authorized at the election held
•
ratps in multiples
City, will be furnished.
W. L. Fitzsimmons, Clerk of the
unqualified opinion of the
purchaser's attorney,
approving
the legality
of The- notes.
The
cost df such opinion and the cost
the
of
Ohio
.
,
a
Educa¬
$1,000 from Nov. :1, ,1947 to
p.
2453—were awarded
to the
tion, will receive sealed bids until incl.
interest .payable M-N..
Marine Trust Co., -of Duffalo, as.
7:30 p.m. on Nov. 18 for the pur¬
iy2S,yat a .price of 100.191, a basis
chase of $175,000 motes, not ex-,
NEBRASKA
of .about il.44%.
Dated :,Dec.; 1,;
ceeding 5% interest. Dated Nov.
1946.
:Denom. *$1,000,
or
$500.
Central City Sch. Dist., Neb.
25, 1946. Denom. and form of note
|7 These bonds are. due Dec.
1/ from.
to be at the option .of The pur¬
"Bond"Sale—The i$175,000 au¬
1947 to 1952.
The next highest
chaser.
These notes are due Jan. ditorium construction bonds of¬
15, 1947.
•
•
QcL
forms furnished by .the above Sec¬
uburn, N. L
(P.
by
$15,000 in 1975.
interest rate or
YORK
Dover
,
-Montana (State of)
Bonds Voted-—It is ^stated
Secretary of the Board of
can
of 100.764.
Masslich & Mitchell, of New York
;
be reports.
1
refunding
works
sold
Funds. No other bid
Detroit, Mich.
.
Offering'Canceled—F. M.
J. McLaury," Deputy City Control¬
ler, has. advised that the Common
.Council
canceled 'the -proposed
.offering of the $7,000,000 Series of
1946, ..Detroit transit7- ;revenue
.bonds, not exceeding 4% interest,
scheduled for sale on "Nov. 19.
Continued delay in the delivery
uary
water
were
Department
Bond
of ;
'White^^Do.,:Ioi7I,%s7at;b:;price^:
Columbus,*; Ohio:
1, ?1946. Denom.
$1,000. Principal arid interest pay-'
able in New York I City. General
obligations; unlimited tax; regis¬
terable; as to principal only; .de¬
livery'on-or about^Dec. 10, T946,
at
place of purchaser's choice.
Bidders are requested to name the
Council.
Amortization bonds -will be pay¬
The next highest bidBonds Sold—It is stated by Al¬
Paine, ^Webber, Jackson bert ^Watterson, Town Clerk, that
at a price of
1, 1948 - to 1972.1 'Interest M-N.
;The next highest bidder was^.:^ ;
-$2,000 April 1, 1949 to
Dated
N$w Jersey,(State of)
tion $1,000.
■
These
Bond ^ale--The :$400^000
•39,000 refunding water arid- sewer
bonds.
Due April 1, as fol¬ age treatment works fund No. >2,
unlimited tax bonds offered afor
lows: $12,000 irt 1973 and 1974,
of
iMQNTANA
discretion
Due
con¬
at
carried
bonds
on
issue
for >$100, payable to order of the
'.150,000
sewerage bonds.
Due Town:
& Co., of New York, as 0.90s, at a
Clerk, is required.
$15,000 Oct. 1, 1947 to 1956.
price of 100.031, a basis of,about
Bated Oct. 1, >1946. J Denomina¬
Fairview, Mont.
v,
0.89%. Dated Dec. 1, 1946. Denom.
was
$1,000.
Denom.
are'duel '$8,000 .'from Nov.
1972.
Midland Park, N. J.
Bonds k Voted
Alberton, Mont.
and
30,000 sewerage bonds. Due $3,- able, semi-annually, Vover a 10000 Oct. 1, 1947 to 1951.
v/ .} year Tperiod -from date of issue •
serial bonds will
mature
$500
360,000 municipal relief bonds.
Due $72,000 Oct. 1, 1947" to yearly ;on Nov. 1 from 1947 *to
1956, inclusive. A certified check
1951.
&
1946.
Bryan,
19, at .his office in Raleigh, for the
$1,000.
purchase of the following coupon
These bonds are due on Nov.T, in
bonds amounting -to $87,000, not
1947 to 19,65.
Interest payable'
M-N.
Tbe .next highest bidder exceeding ?6% interest:
was
Halsey, Stuart ?& Co., and' $48,000 water and sewer • bonds.
Confirmation of Bond Approval
14, were
Bond Offering—Dorothea Smith,
—Confirmation of the ratification
Corp., Town Clerk, will receive sealed
by the voters of the $35,000,000
as Is, at a price of 100.373, a basis bids until 7 p.m. on Nov. ,22 for
Veterans'5 Housing bonds is given
the purchase of $5,000 not to ex¬
cof about 0.905%;
by Edward M.-Gilroy, Secretary
ceed -5% 'interest; water revenue
to the Governor, and he goes on
$100,000 wateV bonds. Due •$20,bonds.
Dated Nov. 1, 1946. -The
000 Oct. 1, 1948 to 1951.
.to state that The bonds will be
bonds will be -issued in -either issued as
225,000 water bonds. Due Oct. T,
needed, probably after
amortization or serial form at the t.hp hAffinnincf nf
as follows: $23,000 in 1947;to
the 'year.'-.
der
1,
bonds
Dated Nov.
tBohd Sale-~The -$30,000 .special
1.325%.!
offered for sale on Nov.
:•
.
basis of about 1.67%.
Burlington, N. C.
awarded to the First Boston
and
Bond Sale—The -$200,000 build¬
ing bonds offered for sale on Nov.
7—v. 164, p. ;2199—were awarded
to Braun, Bosworth & Co., .Inc.,
as
%s, >at; a price .pf 100.872, a
NORTH CARQUNA
Dated Nov. 1,'1946. Denom.
election beld
Worcester, -Mass.t^i
Sale —• The
following
bonds amounting to $865,000
1951,
Bridgetown Local Sch. *Dist. (P. O.
Cincinnati), Ohio ; '•••
assessment sewer
bonds offered
posed of B. J. Van- Ingen ;^ .Co^
?Bond rOfferiug^rrW. E. Eastern
Of New York, J. ;S. Rippel j& rCo.y
on Nov. ,7t-»v. ,164, .p. 2454—were
ling,.: Secretary .of;jthe Eocal > Gov¬ awarded to the Citizens
and F. :R. Cole ;& Co., both of
National
.Bonds Purchased -r An issue of
\ i '
ernment- Commission, will receive
school $250,000 dormitory revenue bonds' Newark,. as 1.35s, - at a ?price pf sealed bids until .11 a.m. on Nov. Bank, of Bryan, as Is, at ^a price
.
ft ;•)
Nov.
(P. Q. Warrensburg), Mo.
for was purchased recently by Dempawarded sey-Tegeler & .Co.* and Newhard;
to Weeden & Co., as IV4S, at^a Cook &-Co., both of St. Louis,
price of 100.855, a basis of about jointly, at a price of 100.13, a net
1.08%.
Dated Nov. 15, 1946.
De¬ interest cost of 2.505%, as follows:
nom.
$1,000.
These bonds are For $40,000 maturing $10,000 Oct.
due on Nov. 15, $7,000 in 1947 to 15, 1947 to 1950 as 3s, and $210,7 1951, and $6,000 in 1952 to 1956, 000 maturing Oct. 15, $10,000 in
7 all inclusive.
The -next highest 1951 to 1965, and $60,000 in 1966
; ■ bidder was the Security Trust Co.,
as 2V2s.
Dated Oct. 15, 1946. Le¬
.Lynn, for l*4s, at a .price of gality approved by ^Charles &
77L00.83. 7-77;
Tfgigl Trauernicht, of St. Louis.
house
4
provement bonds ^offered for sale
on Nov.
12 — y. 164, p.- .2330-J
were awarded to a.syndicate, com¬
Central Missouri State College
,
Lynnfield,
Note
dm-;
1946.
'Barnesvillef^Ohio
general election .the proposal \toI
registered bonds, not exceeding,'
issue ; $100,000 sewage treatment
4% interest.
Dated Oct. 15, 1946.
Denom. $1,000, one for $250. These plant bonds carried by two-toaccording
to
the
Village
bonds-are due Oct. 15,.as follows: one,
::7: ;
■
$2,250 in 1947, and;$3,000 in 1948 Clerk..,; :;;
the office of the Town Supervisor.;
by
Storey,
Thorndike, Said bonds will be delivered ;at
;^77^;; MASSACHUSETTS
Palmer & Dodge of-Boston. ..\£ r- New York
purchased on
City, or at such other
Bensdorf & Co. of Memphis, and
Haverhill, Mass.
Runner-UP in .the .bidding .w^s place as may be agreed with the
Bond Sale—The $90,000 act of associates, at a net interest cost Wood, Struthers
-Co., offering purchaser about Dec. 2, 1946. The
1945, municipal relief loan, 145th of about 2.06%, *on the bonds dir 100.056 for 1% bonds.
approving opinion of Vandewater,.
-issue bonds offered for sale on vided as follows: $20,000 as ,2s,
Sykes & Heckler; of New York,
NEW JERSEY
;.
Nov. 13, were awarded to Tyler due in ' 1947 -To ,1951; $40,000 as.
City,, will be furnished to the,
& Co., of Boston, as Is, at a price 2y4s, due from 1952 to 1961, and Mercer County : (P. O.
*Trenton) purchaser without cost. Enclose!
of 100.159, a basis of about 0.942%. the remaining $40,000 as 23/4S, due.
a certified check for
$285. payable
Dated Nov. 1, 1946.
to JheTpwn.
These bonds from 1962 to 1971, Dated Dec. 1,
Bond, Sale—The $407,000
y'
industrial
'
-Bonds "Voted^rAt Iho
or
Boston, or at the City Treasurer's
office In Nashua.
Legality ap¬
that
stated
is
bonds were
Nov. 5 by Herman
$100,000
tion the yoters approved the issu¬
Offering—rPhilip W. Bur-: ance, of the $520,000 building iand
:
V: v *
diqk, Town Supervisor, will re¬ equipment bonds.
able at the First National Dank of
.•7;; Charleston, Miss.
I
Nond
•
the purchasers.
-bid for,
sale
,
The approv¬
each bond.
on
aggregating ,'$95,000,
for
Treasurer,
coupon.? bonds
'
<and
Prince
by
endorse¬
Counties
George's
:Poulin, City
the ^following
164, p. 2329—rwere awarded To
awarded to. Egbert Hawkins
.a
syndicate composed of H. vV..
Co. of Boston, as Is, at a price of
Sattley & Co., McDonald, Moore
100.069,-a basis of about 0.985%;
& Co., Miller, Kenower & Co., all
of Detroit, vRt,a-price of 100.137, $75,000 sewer bonds. 'Due on Nov.
1; $8,000 in 1947 to 1951, and
•according to the Village Clerk.
77 $7,000 in 1952 to 1956.
l,/j
Dated Oct. 1, 1946.
Due on Oct.
20,000
equipment 'bonds. "Due
,1 in 1949 to 1975; bonds maturing
$4,000 on Nov. 1 in 1947 to
in 1973 to 1975 being redeemable
■.I-; j951,Incl. 4•■""•'
on or after Oct. 1, 1954.
Denom. t$1*000.*
Dated Nov. 1,
1946. -Prin. and in. (M-N) pay¬
Registerable as to principal
ment
O,
fred
that
revenue
bonds offered for,sale on Nov. 4?—
alone; unconditionally guaranteed
as to both principal and interest
<
'
;;77
v.
*
Montgomery
system
disposal
sewage
theEquitable Trust
Co. of Baltimore, or at the Chem¬
ical Bank & Trust Co., New York
by
.
129%;
nom.
^ Nashua, N.:H.
"r- ;
;'to >1954.
Bonds Sold—It is stated by Al¬
•
.
Bond Sale—The $70,000 coupon
int. payable at
City.
'Richmond,'Mich.
;
$20,000, 1957 to 1966;
,$30,000, 1967 to 1976, and $40,000
in 1977 to;1986, all incl. Prin. and
Dated Nov. -1, 1946. ;De-f
$1,000. Due Nov. T, in • 1947;
Austintown Twp. School,District
-Interest payable ;M-N.
■tf-t (P.sO. Youngstown), Ohio
f
The next highest bidder was Ma¬
Bonds Voted—It is stated bylhe
rine Trust Co., Buffalo, for 1.40s,'
Clerk-Treasurer of the Board of
at a price of 100.21.
:
-
NEW'HAMPSHIRE
than one rate for the value of the notes-payable to the
Denom.,$l,000. Dated Dec. •Board of Education.
more;
bonds.
-
Bismarck, N. Dak.
'
•
Clerk
will, -receive sealed bids until 2
fered for sale on Nov. -7—v. 164,, p,m- on Dec. ,10 for the .purchase
p. 2199—were awarded to Laidlaw, of J' $50,000
fire ..quipment bonds
Bond Offering—-'The City
cording to the.Village Clerk. -Due
Sept. 15 as follows: l$300 .in
& Co.» of New York, -as 1.30s, at a authorized at the election beld-on -1948 to 1952, and $400 in 1953 ie
price of 100.003, a basis of about Aug. 6.
1967, all incl.
I'* >77
■
on
t
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4543
164
which
bonds
school
1
V " i
Ohio
<
Bond Offering — W. R. Mast,
Clerk of the Board of Education,
will receive sealed bids until noon
receive sealed bids
now
19, ,for the purchase of
bonds.
Denom. $1,000.
until Nov.
said
the
4, for the ; purchase of
improvement bonds, not
exceeding 2 V2 % interest.
Dated
April
1,
1947. ; Denom.
$1,000.
These bonds are due $1,000 April
and Oct. I, 1948 to 1963.
Rate of
1, 1947.- Due $5,000
1, 1948 to 1967, incl.
prim and int. (J-J) payable at the
Central National Bank, Cleveland.
Jan.
Dated
from
Jan.
of the
1%
for
check
certified
A
payable to the Board of
Education, must accompany bid.
bonds,
Marysville, Ohio
the
at
Nov. 5.
Bonds Voted—An issue of $132,-
bonds
main
water
000
at
proved
held
'
A,
Offering—May
sealed bids until noon on Nov. 25
purchase of $280,000 3%
for the
Dec.
Dated
refunding ' bonds.
Denomination
1,
$1,000.1 Due
1, 1955, with $160,000 bonds
being subject to prior redemption
at the rate of $20,000 each July 1
from 1947 to 1954, inclusive, or on
Jan.
date's.
interest
subsequent
any
$50,00JTwater sof¬
tfkla.
Offering-^Fred L. Weri-
City Treasurer, will receive
sealed bids until
7^30 p.m. on Nov.
19, for the purchase of the follow¬
the
bidder
rate
of interest ,and
pay
the
ottering
general obligations, payable
by an unlimited .sinking iund levy
hpon the Ht^s „total assessed 4;2ix^
able valuation. A certified check
tions and proposals must be ac¬
companied by a certified check
for
of
1%
the
bid
amount
are
for 2% of the
conditional bids will be consider¬
ed and the approving legal opinion
of
Shaffer & Williams, of
Peck,
Cincinnati
furnished the
will be
successful bidder.
Unsold -r—The -following
Bonds
at
O. Pomeroy), Ohio
$57,950 build¬
price of 100.707, a basis
of #bout 1.925%.
Dated Nov. 15,
2s, at
as
a
Due
1946..
Nov. 15 in 1948 to
on
Interest payable M-S.
bid was an offer of
1966, incl.
Second
best
100.001
-for
2s,
Pomeroy
by the
National Bank.
Saint Pari*, Ohio
/Bonds Voted—An issue of
500
on
$37,-
disposal plant bonds
ratified at Jthe election held
sewer
was
Nov. 5.
Salem Sch. Dist.
•
Bonds
f
(P. O. Salem)
Ohio
bonis.
Voted—George-F. Koontz,
bonds
were
These Bonds
for sale
Brentwood, Pa.
tion.
•
are
being xeoffered
Nov. 15.
on
Shaker Heights, \Ohiti
B Bond Sale—The $100,000 Series
1
sewer
and drain bonds offered
for sole on Nov. 12—v. 164, p.
2331
awarded to Hayden, Miller
—'Were
of Cleveland, as iy4S, at a
price of 100.271, a basis of about
1.206%.
Dated Nov. 1, 1946. De¬
& Co.,
nom.
$1,000.
These bonds are due
$10,000 from Oct. 1, 1948 to 1957.
highest bidder Was the
The next
National
for l%s,
,
>
City Bank/ Cleveland,
at a -price of 101.26.
Springfield, Ohio
Price Paid-t-It is now stated by
the City Auditor that the $81,000
refunding bonds awarded to Pohl
& Co. .of Cincinnati—v.
164, p.
by the said
firm at a price of 100.52 for lW%
bonds, giving a basis of about
1.17%.
Dated Sept. 1, 1946. Due
on Septr 1 in 1950 to 1954.
Runner-up in the bidding was Stranahan, Harris & Co., Inc., With a
bid of .100.449 for .1 lis, followed
2454—were purchased
I
•
"i'
?V
election
of the
ance
the
is
reported
Nov. 5.
on
Bonds Voted—Phillip O. Miller,
City Clerk, states that at the Nov
5 election the
following bonds to-s¬
voters:
.:
were
North
Vernon
Voted
J!
bonds
will
amounting to $23,200:
$12,000 street .repair bonds.
Due
$1,000 in 1949 to 1960.
8,000 water works bonds.
Due
$1,000 in 1949 to 1956.
3,200 fire station, park and town
;
hall bonds. Due $300 in 1.949
on
awarded to Stroud & Co,,
-were
of
Nov.;12^-V; 164, p. 2455
Philadelphia',
iy2S, at
as
a
School
Bonds
until
11
25, for the
a.m.
pur¬
1966.
'■
shall
District
rate
1, 1946. Bidders
required to name the
of
interest
shall bear and
the
stated
than
or
of 1%.
*4
J-D.
registered form in denomina¬
(P. O.
from taxation in the State.
and
be
payable,
interest
of the
rency
at the
time
through
should be
Sharon, Pa.
is
stated
certified
by
Lansdowne, City Clerk
that at the Nov. 5 general election
the voters approved the issuance
the
$300,000
bonds
b,y
improve
street
substantial
a
jority.
She states also that
bonds
will
be
offered
shdrtly.
sale1
,
Springfield Township Sch. Dist.
MP* O. Springfield), Pa.
price
Bonds
Voted—At
election the
voters
the
Nov.
5
approved the
1,
1946. Denom. wide margin, according to A. L.
$1,000. These bonds are due $5,~ Gehittan/Superintendent of
000 from Nov. 1, 1947 to 1967, in¬
Schools.
V
*1' *,» //.
'
.v4. ;v
^
y '
clusive.
The next highest bidder;
State College Sch* Dist. (P. O*
to 1958; and :$200 in 1959.
was Moore, Leonard & Lynch, for
State College), Pa.
Award will be made to the bidl%s, at a price of 100.72.
v
Bond Sale>—The $100,000 cou¬
ider -offering the lowest rate of
Coopersburg, Pa.
interest and agreeing to pay par
pon
funding and improvement
.■
'
,
-■
j
the
legal
own
opinion.
These
were
close,a certified check for 2%
Of
value of the bonds bid. for,
payable to the General Treasurer.
par
SOUTH CAROLINA
.^Lancaster County (P.O. Lan*
caster), S. C. v-..
Bond Offering — S. B. S a pp,
'*
Nov.
)
to
Purchasers shall furnish
is made.
their
\
issuance of the $400,000 construc¬
tion and site purchase bonds by a
r
payable
authorized at the gen¬
eral election held on Nov. 5. En¬
these
„
Tuesday, Nov. 26,
accompanied by a
check
State, for 2% of the par value of
of the bonds for which the bid
bonds
ma¬
for
to
as
debts. All bids will be considered
t
Voted—It
Bonds
principal
in any coin or cur¬
United States which
of payment shall be
for public or private
and
Bonds
multiples there¬
of./These bonds shall be exempt
firm
Florence
bonds
Interest payable
tions of $1,000, or
about two to
«
the
All bonds will be in coupon
will
one.
that
such rate shall be
for all bonds and must
in no multiple of less
same
be
Superin¬
Voted—The
Dec,
be
legal tender
$56,500 paving bonds.
Dated
to
given to the issuance of $180,000
building bonds, by a margin oi
of 100.27, a basis of about 1.363%:
$2)000 veterans' temporary; hous¬
ing bonds.
11,500 sewer bonds.
Nov.
merchant marine bonus
bonds. Due $25,000 from Dec.
1, 1947 to 1966.
;v
Dated
Scottdale), Pa.
■
ment
Bond Sale—The following bonds
amounting to $100,000 and offered
1947
(P. O. Belle
The
—
..
Scottdale
of
Clairton, Pa.
sealed'bids
on
$19,500,000 veterans bonus bonds.
Due
$975,000 from Dec. 1,
issu¬
Vernon), Pa.
and
street
of)
are
the
$400,000 improvement
Belle
.approved by
$150,000
City
by the "
of the following bonds ag¬
gregating $20,000,000, to bear not
exceeding lx/2% interest:
5
tendent of Schools reports that at
the Nov. 5 election approval was
Butler, Pa.
the
cases
500,000
of $300,000 park bonds at the
general election
by
ac¬
chase
.
Nov.
voters
that
Offering — Russell
H.
General Treasurer, will
(EST)
bonds.
that the voters approved the issu¬
ance
for :sale
receive sealed
bids until 8 .p-'m/on NoVV 15 for
the
purchase .of the following
Clerk,
-
Chairman
of
County
Board
of
Commissioners, will receive sealed
until
bids
the
11
purchase
exceed
a.m.
Dec.
on
of $250,000
2
not
for
to
interest school bonds.
3%
-
,
and accrued interest. These bonds
authorised
»t
election
the
-
Bonds Voted—-It is stateci by
W.
Smith,
W.
Borough
fied check for 2% of the amount
Secretary}
$55,000 water supply
bonds were approved at the Nov.
bid
Selections.
held
Enclose
Oct. 15.
on
a
certi¬
.
that
the
Okmulgee, Okla,
Bond Election—It
Coraopolis, Pa.
stated by
is
Harry De Vinna, Commissioner of
Finance, that an election is sched¬
uled for Nov. 19, to have the vot¬
the issuance of $1,022,000 improvement bonds.
ers
pass
on
■Bonds
Voted-r-At
Terry,
general
the following bonds'•to¬
$222,500 were ratified by
taling
the
voters:
$125,000
$97,500 library bonds.
Nov.
Dated
1,
1946.
Denomina¬
tion
$1,000. Due Dec. 1,/as fol¬
lows: $15,000 from 1947 to 1956,
inclusive, and $20,000 from 1957
on Nov. 8 to
1961, inclusive. Principal and
164, p. 2455—were awarded semi-annual interest payable at
Stroud & Co. of Philadelphia,, the Chase National Bank, of New
York City. The bonds are unlim¬
as l^s, at a price of
10L845, a
basis
of
about
1.32%.
Denom. ited tax obligations of the county.
A certified check for $2,500, pay¬
$1,000. Dated Dec.
bonds offered for sale
—v.
to
1/1946. Due on
able to order of the County Treas¬
1966, incl. Inter¬
urer, is required.
Printed bohds
and legal opinion of Huger SinkPhillips, Schmertz &
Dec. 1 in 1948 to
the
election
park,
and
est
payable J-D.
der
was
Second best bid¬
Robinson,
offering
1V2S.
%
'
•
101.224
,
.
for ler,
'
StoweJ, P&iB
Bonds Voted—An issue of $80,-
Okla.
will
Charleston,
of
be fur¬
nished the successful bidder.
SOUtkl DAKOTA
West Pottsgrove Township (P. O.
School District, Pa.
JSrie
•
Ethan Independent Sch
South Dakota
'. Dist.,
Bond Offering — C, A. Sapper,
Secretary of the Board of Sehooi 000 sewer line bonds carried at
000 various purpose bonds award¬
Bond Sale—The $25,000 funding
Directors, will receive sealed bids the election held on Nov. 5.
>\
ed recently to the First National until 5
bonds offered for sale on Nov. 8
p.m. (EST) on Dec. 5 for
—v. 164, p. 2455—were awarded to
Bank & Trust Co., of Oklahoma the
Winton, Pa.
purchase of $246,000 not to ex¬
Kalman & Co., of Minneapolis, as
City—v. 164, p; 2331—Were also ceed 2^.% interest coupon, regisBond Offering—Beatrice
Carey,
sold to R. J. "Edwards, Inc., and terable as to
Interest
principal only, re¬ Borough Secretary, will receive 2%s, at a price of par.
Small-Milburn Co.', both of Okla¬ funding
Dated Nov. 1, 1946.
bonds.
Dated
Jan.
1, sealed bids until 8 p.m. on Nov, payable J-J.
Denom. $1,000.
These bonds are
homa City, who were associated 1947.
Denomination $1,000.
Due 26, for the purchase of $140,000 2,
due Jan, 1, in 1948 to 1962.
with the above named in the pur¬ Jan. 1, as follows: $15,000 from 2V4, 2V2,
2%, 3XA or 2x/2% judg¬
chase of these bonds, as 2s, at a 1949 to 1958,
inclusive, and $16,000 ment funding and refunding cou¬
TENNESSEE
price of 100.012, a basis Of about from 1959 to 1964, inclusive. Bid¬ pon bonds. Dated Dec.
1, 1946,
Harriman, Tenn.
1.98%.
der to name a single rate of inter¬ Denomination
%
$1,000.
These
.
Bond
Sale Details—The ' $199,-
.
.
est, expressed in
Bond
bonds
Election)—The
not
totaling
exceeding
following
to .bear
interest, will
$341,000,
5%
a
of
Wewoka, Okla.
.
*
Voted—It
Bonds
Bond Offering—Estella Brewer,
Town
construc¬
approved by a
:$r J
; i. /'
Handy,
,,
the
to have sanctioned
.
improvement;
$150,000
swimming pool, and $100,000 in¬
Hennessey, Okla.
heavy majority ,at the Nov.; 5 elec¬
-
Nov. 5,
receive
Voted—At
taken
state
issued,
are
Rhode Island (State
Bond
-
sewer
states that the $750,000
tion
of
the
$200,000 building bonds was ap¬
proved at the election held of.
Nov. 5.
'
PENNSYLVANIA
-
.
■
Clerk of- the Board of Education,
on
to
on
bonds
be
must
recrea¬
Pittsburgh), Pa.
'
Bonds
oh
3,200 fire station, park and town cinerator bonds.
were
'
held
election
/
Bonds
the
~.
Sale—The
ing bonds offered for sale on Nov.
8—v. 164/p. 2199—were awarded
to McDonald & Co. of Cleveland,
the
issue
and
received
goes
any
Council, and in some
State Legislature.
HeVille Township fP* O. '
general
not sold:
$12,000 street repair bonds.
6,000 water work^jDonds.
Tomeroy Exempted Village Sch.
(P.
r
said
thorized
An
—
bonds
2456—is confirmed by
Fitzpatrick, City Treas-
p.
who
sefore
understand.
we
the
for
15
Voted
center
sanction of the electors
$1,000. These bonds
are due Dec. 1, as follows:
$7,000
in 1948 to 1955, and $8,000 in 1956
to J
optional on and after Dec.
1, 1951.
These bonds were au¬
taling $400,000,
'
Bond
Bonds
$175,000 playground
bids
sealed
Nov.
"■
election, it is
^ ;
tion
purchase of the $136,000 sewerage
system coupon bonds, not exceed¬
ing 2%% interest.
Dated Dec. 1,
bonds amounting to $23,200 were
hall
Diet.
bid,; is xequired,
Hennessey, ' Okla.
for,
payable-to order of the village. No
.
on
p.m.
and4 accrued interest
authorized at
par
bonds
-
receive
8
XB*
0
164,
v.
Glassport Sch. Dist. (P. O.
Glassport), Pa.
Prineville, Ore.
Bond Offering — The City Re¬
the .election held on Oct. ,29, and
obliga¬
urer,
tion
until
proved the $9,700,000 various pur¬
pose bonds at the general election
of
voters at the Nov. 5
stated..;
#
Providence, R. H
Walter F.
lowest
interest, expressed' in' a mul¬
tiple of lA of 1%. Principal and
interest
(J-J)
payable
at
the
Bank of Berea Co.,; Berea.
The
.
elec¬
issuance
the
of
Borough
Confirmation of Bond Approval
Our report that the voters ap¬
(P. O.
Hills), Pa.
Voted;—The
2%
the
RHODE ISLAND
$400,000 junior high school build¬
ing bonds was approved by the
County; Clatsop
County;
Marion
County; North Lincoln
County, and Junction City.
agreeing /to
cst J
tax
general
the voters turned
eight
These are the bonds
unlimited
District
Bonds
fpr
to
Treasurer,
rati-
voters
Borough
July 22.
Principal and interest
ing
bonds
totaling
$715,000:
payable at the City Treasurer's Secretary reports that the issu¬
$450,000 water supply; $105,000 office. The
ance
of the : $65,000 street .im¬
approving opinion of
water
extension; $100,000 park
Teal, Winfree, McCulloch, Shuler provement bonds was ratified by
improvement, and $60,000 sewer &
the electors on Nov, 5.
Kelley, of Portland, will be fur¬
extension boncgT^
nished.
Enclose a certified check
Punxutawftey Sch. Dist., Pa.
These bonds will be awarded to
for $4,000, payable to fhe City *
Bonds
Voted—An
issue
ol
Bidder may name a different rate
are
'
>
1946. Denom.
OKLAHOMA
ner,
Lor-
down
the
Nov. 5
on
corder- will
tening plant construction bonds
was rejected at the same time. :ij
Bond
receive
will
ihan, Village Clerk,
1946.
of
issue
Guthrie,
Bond
tion
the
check
payable
the
Forest
v
Linn
on
MiddleburgHeights (P. O.
Berea), Ohio
OREGON
Proposals—At
election
Donds,
recent
proposal to issue $250,000 light plant improvement bonds
by a wide margin, it is reported.
Malheur County; Harvey County;
Nov. 5.
on
Nov. * 5.
;
;
certified
the*
Forest Hills Sch. Dist'.
Oregon (State
Voters tieject jeower
$110,000 municipal build¬
ing bonds carried at the election
An
:'B'--
-
issue of
held
due serially in
certified check
a
Willard, Ohio
ap¬
was
election
the
$1,600,
.r'
Maumee, Ohio
^?
i
.
for
are
:ied
^iave been approved by the De¬
partment of Internal Affairs of
he
Commonwealth.
Enclose
a
Etna, Pa.
Voted—At
general
payable to the„ Board
Enclose
Nov. 5/
4
Bonds
proposed power dis¬
tricts, as follows: Baker County;
of Education.
'
•''
multiples of 14 of
election held on
general
disposal
sewer
/: v/.//
W-bM-B
Bonds Voted and Defeated—An
improvement
bonds
election held on
sewer
carried
the
at
These bonds
.
25 years.
1%. These bonds were authorized
.
.Bonds Voted—An issue of $165,000
imterest to be- in
/
sanitary
.
subject to approving legal opin¬
ion of Townsend, Elliott & Munson, of Philadelphia.
construction
45,000 park site purchase bonds.
21,000 water main construction
;;V: bonds. ; W.f;
Dec.
on
hall
.
plant construction bonds.
; $32,000
New Offering Date—The above
Clerk will
40,000
Sch, Dist.,
Local
Creek
.//
12—v. 164, p.
scheduled for Nov.
2331—rwas postponed.
bonds..
Walnut
been
had
city
160,000
Co., offering
&
•100.378.
$100,000 not to exceed 2%
of (the
J. A., White
Dy
Maple Heights City Sch. Dist.
(P. O. Maple Heights), Ohio
.Bond Sale Postponed — It is
stated by F. J. Vasek, Clerk of the
Board of Education, that the sale
!
2599
J-J.
1%.
Interest
from
payable
ad
multiple of Vs
Bonds
valorem
are
taxes
within :the
taxing limitations im¬
posed by law upon districts of this
be submitted to the voters at the
class.
election to be held
the bonds bid
on
Nov. 19:
$75,000 "fire station and equipment
bonds.
'•*:
'
;;"
der
A certified check for 2%
of
the
required.
of
for, payable to or¬
District Treasurer, is
Bonds
will
be
issued
bonds
1,
are
due
$7,000
Dec.
Registerable
1947
to
1966.
as to principal only.
These bonds
are issued subject to the favorable
opinion of Townsend, Elliott &
Munson, of Philadelphia, will be
delivered to the purchaser only
if and after the proceedings au¬
thorizing
the
issuance
thereof
Bond
City
Offering
Clerk,
bids until
will
—
W.
M.
Giles,
receive sealed
7 p.m. on Nov. 29,
for
purchase of $43,000 street im¬
provement bonds, to bear not ex¬
ceeding 3% interest.
Dated Nov.
1, 1946.
These bonds are due
Nov. 1, as follows: $2,000 in 1947
to 1963, and $3,000 in 1964 to 1966,
the
'
THE COMMERCIAL & FINANCIAL CHRONICLE
2600
optional Nov. 1, 1951, or on any
interest payment date thereafter
prior to maturity at par and a
premium of 4% of the principal
amount.
Principal and interest
on said bonds (M-N) will be pay¬
New York
able
gations of the State. The approv¬
ing opinion of Wood, Hoffman,
at
the
Bank,
at the Chemical
Co., New York
City.
Bidders should specify the
rate of interest in multiples of
*4 of 1%.
The bonds will be the
direct general obligations of the
City and are being issued subject
to the approving opinion of Chap¬
man & Cutler, of Chicago, which
opinion, together with the com¬
pleted bonds, will be furnished to
Harriman,
.
National
First
Bank
"
k'
or
Trust
&
bidder
successful
the
pense
the
at
ex¬
the City.
A certified
$2,000, payable to the
of
check
for
City Treasurer,
must accompany
the bid.
Kingsport, Tenn.
1
Bond Offering—Dr W.
municipal land
tion
Due
bonds.
acquisi-
Dec.
1,
as
follows:
$13,000 in 1947 to
1956, and $12,000 in 1957 to
1966.
;;
.
1
50,000 city market and parking
area
bonds.
Due Dec. 1, as
follows: $2,000
in 1947 to 1956,
and $3,000 in 1957 to 1966.
■'i
Dated
Dec.
1, 1946.
Denom.
,000. Principal and interest pay¬
able at the Central Hanover Bank
The
approving opinion of Wood, Hoff¬
man,
King & Dawson, of New
York City, will be furnished the
purchaser without cost. Enclose a
certified check for $3,000, payable
to J. R. Pectal, City Treasurer.
& Trust Co., New York City.
Tennessee
be
received until
direct obli¬
on
Nov.
All of these bonds
King
&
will
are
Dawson,
of
New
furnished.
be
payable
must
the
to
held
Nov.
on
—
bid for,
2,
for all of the
County Water Control
Improvement District No. 1
(P. O. Bandera), Texas
and
.
I
Bonds
Purchased—An
issue
of
improvement, coupon
registered bonds.
Dated Dec.
1, 1946.
Denom. $1,000.
These
bonds are due on Dec.
1, 1952.
Bidders
requested to stipulate
are
the rate of interest the bonds are
to bear in multiples of
% of 1%.
Principal and interest payable at
the fiscal agency of the State in
NOTICES
EATON
&
.
held
FUND
in
the
to
future
near
ord
at
shareholders
the
close
November 29,
November
18,1946
EATON
of
of
business
Cherokee
No. 2
Bond
County Road District
(P. O. Rusk), Texas
Offering—James
bids until 10
for
15
the
a.m.
purchase
bonds.
1960 to
I.
Per¬
Nov.
on
der to
the
close
November 29.
November
18,194S
of
business
1946.
<
24 Federal St., Boston
multiple of y4 of 1%.
Principal and interest payable at
the State Treasurer's office. Bonds
are
part of a $150,000 issue au¬
NOTICE
OF
Davenport,
is
BANKRUPTCY
Oklahoma,
hereby
HEARING
Paving
given
that
District
the
1
To^n
of
Davenport, Oklahoma, a municipal corporation,
capacity as taxing agency and governing
authority for unincorporated paving district 1
of said town, has filed a petition in the Dis¬
4n its
trict
Court
Federal
for
the
of
Court
Western
the
State
District
of
the
of
Oklahoma, Case
8306—Bankruptcy, under the provisions of the
-Chandler
Act,
(11 USCA 401-404, inclusive)
a
PLAN OF COMPOSITION is
pro¬
posed which substantially provides for all bond
owners
in said paving district
to
waive and
forgive
all
accumulated
interest
their
upon
respective obligations after maturity, (reserving
the right to collect interest
coupons in full),
of
ers
to
which
pay
Interest
further
permits
the resoective own¬
within said district
delinquent property
their assessments without
after
penalty
and
delinquency, and which also
pro¬
vides for
an
allowance of attorney fees
and
court costs in this action to be
paid from the
paving fund.
It being judicially determined by
this court that said petition has been
properly
filed.
NOW, THEREFORE, all creditors, bond own¬
property owners, or other interested parties
hereby formally notified that a hearing
ers,
are
-will
be
Court
held
room
of
day
said
upon
of
the
January,
petition
above
in
court,
the District
on
the
6th
JD47,
at the hour of 10:00
which time and place ob¬
jections to such proposed plan of composition
will be heard, and rulings made thereon.
Such
objections shall be in writing and must be
filed
at
least
Ten
(10)
days prior to the
^o'clock
A.
M.,
at
bearing.
All
file
<m
bondholders
their consent
or
consenting
to
the plan
shall
with the Clerk of the Court
before the date fixed for the hearing.
(Signed) EDGAR S. VAUGHT, Judge
an
election
on
Sept.
Bids must be accompanied by
check for $2,000. Le¬
certified
Colorado County
(P. O.
Columbus), Texas .>'
Bond
Defeated
—
issue
An
Voted
—
Jesse
James,
Treasurer, has announced
that the $25,000,000 veterans aid
bonds apparently passed by a good
margin, according to unofficial re¬
at
the
election
held
pay
City Managers' As¬
sociation.
Higher taxes have been found
to cover mounting ex¬
penses in several cities including
necessary
Moines, la.; Excelsior Springs,
Mo.; and High Point, N. C.; Cleve¬
land, O., and other cities will vote
in
taxes
fall.
this
Barrington, R. I., faces a 20% in¬
crease in property taxes for next
for 1946-7 will be
Nov.
2, lacking
majority
Bonds Voted—At
tion
the
voters
a
are
to
have
paving bonds.
Corpus Christi Independent
School District, Texas
—
An
issue
of
$500,000 2% construction bonds is
being offered by Moroney, Beissner & Co., of Houston. Dated Dec.
1, 1946. Denomination $1,000. Due
Dec. 1, as follows: $35,000 in 1947
to 1956, and $30,000 in 1957 to
1961.
Principal and interest pay¬
able
at
the
Corpus Christi
Bank
& Trust Co., Corpus Christi. These
bonds, the balance of a $3,000,000
issue, $2,500,000 of which have
already been sold. The bonds are
direct and general obligations of
the entire District, payable from
ad valorem taxes levied against
all taxable property therein, with¬
in the
limitations
provided by
law. Legality approved by Dumas
& Huguenin, of Dallas.
Dallas County (P.
Texas
Bonds
O. Dallas)
Voted—It
is stated by
Tosch, County Auditor,
that the voters aporoved the issu¬
Chas,
ance
A.
of
the
$1,000,000
juvenile
building bonds at the Nov. 5 elec¬
tion.
more
than dou¬
operating costs.
Much
of the ihcrease is needed to pror
approved the issuance of $350,000
Offered
1941
vide
recent elec¬
said
Dallas, Tex., city expenditures
ble
city services to newly annewly annexed urban areas.
A
similar situation
is reported in
Minneapolis, where city officials
say
the municipality needs an
added $10 million annually for
the next five years merely to take
care
of the needs of a growing
city,
u
•
•; •
Schenectady, N. Y., expendi¬
tures for 1947 are expected to ex¬
ceed 1946 budget figures by 8%,
,
a
total increase of 34% since 1940.
in¬
annual raise
given city employees as a cost-ofBiggest factor
crease
in
this year's
is the. flat $300
living adjustment.
| City operating costs in Miami
Beach, Fla., meanwhile, have gone
up 49% in the last year alone. The
Miami
Beach
1946-7
budget is
$3,311,185 as compared to $2,223,595 for fiscal 1945.
Milwaukee's
69%
budget in¬
since 1941 is typical of up¬
spiraling city government
costs brought by inflation, public
works demands, and other factors.
The council has requested $28,406,656 for 1947 operating costs.
The last prewar budget totaled
$16,798,822.
crease
ward
Half of the added
the
does
pay
and city contributions to
municipal
pension
system.
will
26
for
receive
a.m.
Nov,
on
the
purchase of $443,000
school bonds, not exceeding 3%
interest.
Dated Dec. 1, 1946.
De¬
nom. $1,000.
These bonds are due
Dec. 1, as follows: $28,000 in 1948
and 1949, $29,000 in 1950 and 1951,
$31,000 in 1953 and 1954, $32,000
in 1955, $33,000 in 1956 and 1957,
$34,000 in 1958 and 1959, $35,000
in 1960, and $36,000 in 1961. Prin¬
cipal and interest payable at the
County Treasurer's office or at
the fiscal agency of the State in
New York City.
Enclose a certi¬
fied check for 5% of the amount
bid. p
-
(
search bureau
says the city faces
$1,408,000 deficit for the fiscal
year ending April 1.—
In Indianapolis the city, school,
WEST
;
county spending
program for
1947 calls for between 10 and 15%
more than foir this yearv surpass-^
ing
by
nearly
previous high
in 1929.
$3.5 million the
budget established
virtually all cities, budget
are being found neces-
increases
sary
also to
costs of repairs
cover
VIRGINIA
West Virginia (State of)
-
.
and
Bond Sale—The
$2,000,000 road
bonds offered for sale
to'
Nov. 13
on
164, p. 2456—were awarded
syndicate composed of the
—v.
a
Northern
-
Trust Co., Harris Trust
& Savings Bank, both of Chicago,
Braun, Bosworth & Co., Inc., Trust
Co. of Georgia, of Atlanta, and
W. H. Morton & Co., of New York,
at
deferred during the war. Reha¬
bilitation of city services follow¬
price of 100.02, a net interest
of 1.3826%, as follows: for
$1,360,000 maturing $80,000 June
ing hard wartime usage is one of
the major factors in current budg¬
et boosts,
y
to
Increased funds for schools is
considerable factor in
a
budget in¬
creases in many cities.
Cleveland
voters, in addition to voting on
proposed continuation of p spe¬
a
cost
1, 1947 to 1963, as l%s, and $640,000 maturing $80,000 June 1, 1964 ;
1971, as l%s. Interest payable
J-D.
Dated June 1,1946.
$1,000.
Denom.
The next highest bidder
/
the
was
Chase
National
New York, Blyth
Peabody
cial emergency property tax en¬
acted last February, will also de¬
Bank,
& Co., Kidder,
& Co., and Charleston
Bank, Charleston, joint¬
National
and
cation proposal for a new 1.5 mill
ly, for $400,000 .4s, $80,000 2%s,
$1,520,000 iy4s, at a price of
100.023, a net interest cost of J
levy.
1.384%,
on
board of edu¬
a
from
Funds
the
tax
new
would provide for higher teacher
salaries
and
increased
WISCONSIN
school
maintenance costs.
Bonds
United States
Provide
year,
for
Big
states
Funds
have
dollar
for
made
appropria¬
housing this
with New Jersey the most
emergency
recent addition to the list accord¬
ing to the National Association of
Housing Officials.
A $41
million veterans' housing
program
was
initiated, in New
Jersey when the recent special
session of the
State legislature
passed measures appropriating $6
million for immediate housing op¬
erations and providing for a $35
million bond issue to be voted
on
at this fall's general election.
Housing accommodations of
any
sort,
including
ships, will be
sought either for conversion or
materials.
Federal
will
thorities
be
housing
solicited
for
au¬
all
vacant
$35,000
Voted—The
retired
be
with
beverage taxes and
a
was
recent election by a
pari-mutuel tax receipts. The New
Jersey Department of Economic
Development will administer the
program.
New York, California, Connec¬
ticut and Ohio also have backed
through
large
legislative appropriations.
New
York earmarked $35 million last
spring for statewide housing proj¬
ects, and more recently author¬
ized an added $80 million for lowhousing
rent
this
year
slum clearance projects.
wide margin* <
Wis.
Bond Sale
The $500,000 tem¬
porary
fund bonds offered for
sale at public auction on Nov. 7—Racine,
—
v.
a
164, p. 2200—were awarded to
syndicate composed of the Bank¬
Trust
Co., of New York, CrutCo., John Nuveen & Co.,
Chicago, and Hornblower
& Weeks, of New York, as iy4s,
at a price of 100.311, a basis off
about 1.195%.
Interest payable
M-S. Dated Sept. 1, 1946. Denom.
$1,000. These bonds are due $50,~
000 from March 1, 1948 to 1957.
ers
tenden &
both of
Second
bid
best
for
100.31
was
an
offer of
1 !4 %
bonds, tendered
by the Northern Trust Co. of Chi¬
cago,
the Mercantile-Commerce
Bank & Trust Co., St. Louis, and
Co.,
bidding
CANADA
alcoholic
half of the
of
issuance
construction bonds
approved by the voters at a
sewer
military housing units that
the
Milwaukee
can be set up in New Jersey.
;■ The bonds, if accepted by vot¬
jointly,
ers, will be issued as needed to
finance the housing program and
will
Wis.
Hillsboro,
V''
®|||||ljONTARIO ;p:X
La Salle, Ont.
Refunding
Proposed
Plan
Ap¬
proved—W. F. Mcllroy, Secretary
of -the
of
Holders
Debenture
mittee
the
the
Town
Town,
Council
Com¬
that
states
and
the
*
On¬
tario Department of Municipal Af¬
fairs has approved the proposed
plan of refunding. The committee
now obtained the consent of
has
holders of slightly over the nec¬
consent of the de¬
will permit the
priated $5 million to be used in committee to bring the plan be¬
matching, on an equal basis, local fore the Ontario Municipal Board
government housing expenditures. for ratification.
; : : •
Another
$500,000 was earmarked
revolving fund to purchase
building materials for' resale to
municipalities.
V.:
[
as
a
California has earmarked
$10,000,000 for housing aid to cities.
The state will subsidize local pro¬
to 90% of costs. Munic¬
ipalities must put up at least 10%.
grams up
Ohio
legislators
appropriated
$6
million for housing to be allocated
to counties on the basis of their
population.
bentures
Under
the
indebtedness
for
new
same
plan, the
new
pres¬
are
to be exchanged
40-year debentures of the
value, dated Dec. 31r
face
1945, maturing Dec. 31, 1985, and
bearing interest at the rate of
iy4% payable annually. In eachyear
for
the town is to raise
the
service of these
$8,200
new
de¬
bentures, such sum to be applied
firstly in the payment of the an¬
nual
King County Shoreline Sch. Dist.
No. 412 (P. O. Seattle), Wash.
to be
Offering—Carroll Carter,
which
ent debentures and certificates of
WASHINGTON
Bond
66%%
essary
Connecticut's legislature appro¬
$11,607,834 is
requested to meet municipal
boosts
a
year
Treasurer,
a
Des
increases
this
budget
inflated equipment and
The local re¬
cover
tions
raises, acute
need for expanded services in new
urban areas, and increased equip¬
ment and supply costs are causing
U. S. cities to boost their budgets
as much
as
100% over pre-Pearl
Harbor figures, according to the
International
of
maintenance costs.
multi-million
Record High Set by City Budg¬
ets—Muncipal
city facing
end
current
Housing—Five
United States.
election
on
not
one
the
the
States
year.
held
at
on
UNITED STATES
v-
Louis is
because
Now t*
on
of
contribut¬
are
County
sealed bids until 10
cide this week
(State of)
$350,000 iy2% and 2% road build¬
ing bonds was defeated at the
-wherein
and
a
at
Bonds
ADVERTISEMENT
Notice
the rate of interest, ex¬
Corpus Christi, Texas
gains of thirty cents ($.30) a
share, payable December 24,
1946, to shareholders of rec¬
County
of
from date of issue. Bid¬
name
pressed in
FUND
The Trustees have declared a
special dividend from capital
at
Bonds
Dec.
inclusive, and $5,000 from
1971 inclusive; optional aft¬
15 years
er
Dated
the necessary favorable
to carry.
r
\
v
& HOWARD
ord
Texas
St.
deficit
In
State
rec¬
1946.
the
(P. O.
Stinnett), Texas
Sale—Tne. $250,000
air¬
Bond
;
$500,000 hospital bonds.
a
24 Federal St., Boston
BALANCED
Hutchinson
of
have
Austin.
The Trustees have declared
to
certified check
for
2%
bonds bid for is required.
.
gality of bonds to be approved by
Gibson/ Gibson & Boothman, of
special dividend from capital
Rains of fifty cents ($.50) a
share, payable December 24,
1946,
upon
application to the
City Auditor. .Bids must be op
the prescribed form.
Legality ap¬
proved by Vandewater, Sykes &
Heckler of New York City.
A
the voters pass on the issuance of
a
HOWARD
STOCK
bid will be fur¬
sale on
follows! For $10,000 maturing port bonds offered for
$1,000 Sept. 1, 1947 to 1956 as 3s, Nov.' ilL- v. 164, p. 2332-7were
awarded to the Panhandle State
and $12,000 maturing Sept. 1, $1,as
1 %s, at a
000 in 1957 to 1964, and $2,000 in Bank, of Borger,
1965, and 1966, as 3%s,
Interest price of par. Dated Nov. 15, 1946.
Denom. $1,000. - These bonds are
payable M-S.
due $25,000 from Nov. 15, 1947 to
Brazos. County (P. O. Bryan)
1956. The next highest bidder was
Texas v
William N. Edwards & Co., for
Bond Election Pending — It is
$225,000 l%s, and $25,000 l%s, at
reported that an election will be a price of 100.08.
13.
J
con¬
as
thorized
DIVIDEND
delivery will be
nished
$22,000 water works system bonds
purchased recently by Russ &
Co., of San Antonio, at a price of
par, a net interest cost of 3.389%,
to 1959
purchase of $1,000,000
for
A circular
blank form of
was
•or
for the
Nov.
of
sidered.
Bandera
educational
25
date
to
ap¬
$100,000
15, 1946.
Denomination
$1,000.
Due Dec.
15, as follows: $2,000 from 1947 to
1952, inclusive; $4,000 from 1953
on
bid
to exceed 3% school bonds, ac¬
cording to Max Vogon, City Sec¬
retary. Due in 15 years.
•
*
road
a.m.
No
a
State Funding Board
sealed bids until 11
bonds.
less than par and accrued interest
election
fully describ¬
ing the said issue and containing
Offering—Governor Jim
McCord has announced that the
will receive
a
proved by a count of 365 to 101,
the issuance of the $1,100,000 not
sealed
Bond
Bid¬
to name the rate of in¬
are
multiple of % or l/10th
1%, which must be the same
of
Alvin)
voters
the
items
same
other
cities. ; In Baltimore, the
city budget has increased $10,727,391 since 1940—a 19% boost.
The
Berkeley, Calif., budget for 1946-7
is nearly 20%
higher than last
year's.
•
,<
1965, and $122,000 in 1966.
■<:■■■
the
At
The
'•
ing heavily to increased costs in
terest in
Texas
ply purchases, services and equip¬
ment.
The remaining 30% of the
increase is for public works.
for the purchase of
improvement : bonds,
Series B of 1946.
Denom. $1,000.
Dated Dec. 10, 1946. Due on Dec.
10 as follows: $135,000 in 1947 to
TEXAS
Voted
Bonds
of
$2,687,000
Treasurer,
the bid.
Alvin Sch. Dist. (P. O.
Board
Another
one-fifth
of
the.
new
funds asked for is slated for sup¬
Com¬
ders
^
the
of
missioners,
York,
State
accompany
11 a.m. (CST);
20, by Wilson G. Saville,
Chairman
certified
A
check for 2% of the bonds
;
Bond Offering—Sealed bids will
kins, County Judge, will receive turns
(State of)
Houston Ship
(P. 0.T.
Houston), Texas
j
Moulton,
purchase of the following coupon
bonds amounting to $300,000, not
exceeding 5% interest:
County,
Channel Navigation Dist.
provisions for their reg¬
istration as to principal alone or
as to both principal and interest.
City Manager, will receive sealed
3 for the
.
i
contain
bids until 8 p.m. on Dec.
$250,000
Harris
City, or at the office of
Treasurer, and the bonds
the State
Monday, November 18, 1946
new
call.
interest
and
the
balance
is
applied to the retirement of
debentures
by
.v
purchase
or
j
1
@FedFRASER