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•US. ADM.
NOV 1 91945
IIJBRARY
,,.
-i]
MONDAY
Volume 162
New
Number 4439
•
•
York, N. Y., Monday, November 19, 1945';
PUBLIC UTILITY
-
Copy
a
and
General
RAILROAD
Price 60 Cents
INDUSTRIAL
INSURANCE
-
MISCELLANEOUS
-
Air-Way Electric Appliance Corp.—Earnings—
'
9 Months Ended -Cept. 30—
Net
1944:
1945
-
income
"9 Mos.
*$244,583
Earnings per share
$97,850
$0,69
Nil
306,954 shares.:.
on
*Net profit
...
"*
Number
"
^After deducting $500,000
—V.
162,
Earnings
reserve for renegotiation and contingencies.
1385.
p.
+
.
per
f After Federal Income ahd
renegotiation.—V;
162,
profits taxes,
excess
etc.,
but
subject
and. Mass3ghvi.setts, and it is anticipated that it wil) seek permission
qualify, in Connecticut, Maine,
Maryland,
New
Hampshire,
New
Jc
Jersey: .Pennsylvania, Rhode Island and. Vermont.:
to-' t?,,
to
,1386.
p.
.^ Albemarle Paper Mfg. Co.
•;24
Weeks Elided Sept.
;
sales
Net
income alter charges
1944
1945
16—
Net
"
'
*9 «wa «;•
and taxes-ii*
^
-
,
In
This
Issue
fp*
Federal
and
tax
provision
$1,935,229
$4,183,510
3,257,110
1,898,150
V'ff;,j
—!•/' :$537,079
shares-!___j_!_>l_—__;!1,263,000
profit
of
Numoer
common
$926,400
1,262,480
? v $0.tU
$1.98
to
and
against. $2,591,574
share
a
$1.93
|lfst hlfte months of 1944.—V. 162, p., 1505.,.*
9 Months Ended
Operating
^Operating
•\
Boston
1944
1943
$3,343,487
86,401,545
____.
1,873,066
.1,773,669
! 4,076,404
1—
$1,510,752
$1,569,818
$2,325,141
175,428
261,757
327,934
$1,686,180
profit
$1,831,575
S2,653,075
780,000
900,000
1
credits :JZ'.
; Other
!•
-Total, profit
for Fed. inc.
1
&
Net
pft.
exc.
taxes
Detroit
Total' surplus
of cost
Exc,
$931,575
7,148,928 "
over
value
par
St.
945,000
956,400
30$7,110,108
Shares
outstanding--!
420,000
Earned per share
$2.16
$7,111,390
420,000
$2.22
$7,263,149
423,800
$2.43
Earned
surplus Sept.
.__
,
Including depreciation
$206,029 in 1943.
«
(.
«•
'
j
<•
i_
$
VI
,
1"
of
CONSOLIDATED
-ASSETS—Cash'in
U.
its
and
S.
$147^331
1945,
r
L
'p
in
$98,097
-
,
1
«
*'■>'
BALANCE
banks
and
instrumentalities
30,
banks
the
to
Hawaiian
refund
post-war
credit
of
of
S.
U.
profits
Exchang^X
1944- arid
pates
:vI"t..V*/-"•••'*
!
.-
';,v
!
of
of
of
$6,241,728*.
:*
INABILITIES—Accounts ^payable
advances
excess
under
profits
$10,000;
agency
for
reserve
$1,150,000;
reserve
and
arrangements,
accrued liabilities, $1,135,219;
$1,162,206; Federal income and
estimated, $1,270,627; reserve for cargo claims,
contingencies, $580,000;
reserve
for
insurance,
taxes,
for
replacements
vessel
(excess
of
complete
or
recoveries over depreciated cost on ships lost or tit»e-requisitionedi, 811,538.915; capital stock (par $10), $4,200,000; earned surplus.
$7,110,108; total, $28,157,015.—V. 162, p, 562.
partial
.
V American Type Founders, trie, <& Subs.)—Earnings—
,
ti:'B Mos. End, Sept. 30—
,1945
Profit after charges but
""-before taxes
;
Reserve'
'
for
-
?
-
Number
Earnings
of
$548,770
share.:
2432
;
300,000
558,000
$449,974
$367,000
568,101
568,101
568,101
$0.76
!
$0.79
$0.64
'•
SPECIALIST IN
.
March
qAllen
&
to
t:
1945,
HAnover 2-2000
4, N.
Bell Teletype: NY
The shares
addition
In
to
1
of
be'sold
share
group
of
class
B
members.
City,
N.
the
of
stock
distributing
(Mass.)
and
Co.,
into
H.
Hugh
Rice,
was
Jr.,
.
between
Holt-
and the other stockholders
which Holt-Fairchild Co. agreed
other assets, certain machinery,
Rausch
Mr.
pursuant
corporation,
entered
promoters
Harris,
Anton
Williams.
contract,
a
and
Parker
Moss,
to
among
to
may
the
pay
of
of
sum
If
in
shall
of
which
it
exceed
the
amount
$5,OOO.COO
accordance
become
and
of
sum
until
with
null
of
above
the
referred
to
is to be paid in
the following
the gross sales of the corporation and
may have
engaged in the prefabrication
amount
year
Co.
an
the. amount
less
latter
fiscal
any
subsidiary
excess
shall
$50,000
This
payment.
any
Rausch
5,000
the
to
shares
the
there
$5,000,000,
equal
the
of
this
shall
of
1%
purchase
of
unless
Vt
to
full
terms
void
Letters
his
dated
Patent
houses
fabricated
class
of
all
application
States
its
of
corporation
patent
!
-,y
<,
on
Trust
distributing
organization
15
founding
•
*
Place,
Exchange
"'X--''
and
-
•
Co.,
-
for
B stock are
the basis of
the
Dec.
price
contract,
adopted
bv
the
be
such
has
paid
paid.
amended,
as
to
sales
gross
been
corporation
on
it
or
A
stock
the
company
of
certain
■'
MANAGEMENT
poration
•The
are
of
follows:
Horton,
C.
Moss,
*
copyrights
to
Y. V
Telephone
REctor $-3600
New
York
NASSAU
Security
STREET,
/ y.
/
".}
,
5
Dealers Association
NEW
YORK 5
Philadelphia Telephone
Bell Teletype
Enterprise 6015
New York 1-57$
,
board
to
of
be
used
!
him
of
in
connection
.
transferred
shares
5,000
directors
of
by
the
Mr.
Rausch
of
class
corporation
CONTROL—The
AND
at
7
Court
St.,
principal
Arlington,
the directors and executive
A
at
Cesar
Walter
J.. *Bertheau,
Andre
office
of
the
of the corporation
Charbin,
Henry
NEW
YORK
STOCKS, INC.
INVESTMENT FUND
PROSPECTUS
HUGH
Dewez,
Hoving, Hugh W. Long, Wayland M. Minot,
J. Reese, William W. Rausch (Pres.), Andre
Clarence
!
cor¬
Mass.
officers
DIVERSIFIED
INCORPORATED
Members
assigning
,
located
names
as,
David
is
the
Rausch's
title and interest in and to a
1943 (Serial No. 513,437) for United
interlocking devices for use in pre¬
issuance
the
by
Mr.
upon
right,
8,
covering
and
Valued
were
$5,00°.
Ralph
'
of
consideration
stock
reserved
'
AGENT-^Corporatioh
t
group
'
-
in
speculation.
purchased by
unit
each
for
*
J.
as a
shares of class A stock are to be
B stock and 25,000 shares of class
members
to
class
TRANSFER
Jersey
75,000
offered
are
RAILS
1-573
Teel
Charles
C.
offered in units of 10 shares of class A and two shares of % with the prefabricated
housing business.
The patent application and copyrights
convertible class B for $60.20 per unit, has been over¬
45
Telephone:
and
David
-
Homes,
!
NEW YORK
Rausch,
■'''! ■'.'■'v"
'
organizers
prior to Dec. 31, 1945.
The contract has not as yet been adopted
by the corporation. y!:':yy>!:--,;; '<•;,"•-!• ■"•••
Mr.
Rausch
is
the owner of
14.3%
of
the outstanding preferred
stock and 37.5%
of the outstanding common stock of Holt-Fairchild
Co. and Is its president and a member of its board of directors.
On
April 28,
1945,
the corporation
issued and delivered
to Mr.
■!.'-
Inc.—Stocks -Offered—Andre de
Saint-Phalle & Co., New York, as underwriter, on Nov.
13 offered 250,000 shares of class A stock (par $1) and
50,000 shares of class B stock (par 10c).
The stock,
Anchorage
INDUSTRIALS
Company
are
exclusive of land and
estimated at prices ranging
be transferred relate to prefabricated multi-family dwelbe of small present-value to the corporation.
Other
plans
and
processes,
however,
relate
to
prefabricated
single homes oi the type which the corporation now plans to manu¬
facture, sed and erect.
Under the contract the corporation is to pay
cash
ELECTRONICS
Established 19 22
STREET
W.
Minot.
M.
Kobbe, Gearhart & Company
SO BROAD
which
tentatively
p
W.
are
the
the securities offered.
homes,
been
PROMOTERS—The
AND
10,
Co.
and
In
;!
DEPARTMENT
home
the tangible assets a price In cash not in excess of the ceiling
prices for such items established by the Office of Price Administra¬
tion, and for the balance of the purchase price the corporation is
of the electric properties of; this company for the;
week ended Nov. 10, 1945, totaled 79,812,000 kilowatt-hours, a decrease
of 7.47%
under' the output of 86,258,000 kwh. for the corresponding
Municipal Bonds
MUNICIPAL
corporation
antici*
sizable but undoubtedly
the
for
output
FLORIDA & NEW JERSEY
>
of
known
copyrights,
American Water Works & Electric Co., Inc.—Output—
ORGANIZATION—The
,
.
be
the
program,,
share
which
purchase
Saiut-Phalle,
transfer to
in
conversion
.150,000
1,131,880
de
lings,
;■
-
•
factory,
should
office equipment, copyrights, p.ans, processes and similar items
relating to house prefabrication. Certain of the copyrights, plans and
Clearings---————2429
162, p. 2266,
to
Anchorage
Wayland
Holt-Fairchild
$1,225,000
.
$431,565!'
>
1
.
-
1,269,000
$0.96
Uuy.ri62, p. 1507.
-■
150,000
——
988,770
shares
!■.
■;
440,000
:
per
,
v
$1,731,854
Long,
business
subscribed.
taxes—!
Net profit
1942
1943
$1,850,565
$988,770
post-war'.!
transition
f»rov. for Fed.
1944 f
;;
of
corporation
processes
'•
week of 1944.-r-V.
its fair
market
improvement, have
$3,625 to $7,5251
manner:
power
personnel,
tools,
v
American-
unexpired insurance and other deferred items,
$240,682;
prices
Holt-Fairchiid
to
to
§4.106; total, $28457,075.
'♦•••'. v.'.
its
,
the
of
Steamship Co., joint account (cash in banks, $662,632; ob¬
the U. S. and its instrumentalities at cost, less amortiza¬
$ll,379,411i, $12,012,043; cost less depreciation of
as
its
of
resulting
;
may
Fairchild
y
-"i;
premiums,
requisitioned
merchandising
obtain
may
housing
ORGANIZERS
.2411
—2432
Condition Statement of Member Banks of
Federal Reserve System——2432
title, for which compensation is due from
the U. S. Government, $2,834; capital assets at cost (after depreciation
vessel
":;r
erection, of
of houses along principles long recogautomobile and other volume industries,
the
site
from
ligations of
tion
by
commitment
The
of
'
Banks.
economies
X
the
needs now indicate.
the corporation has succeeded in its first regional proextend its activities over other regions of the United
to Europe and ctlier parts of the world.
v,
firm
a
;
Foreign Exchange Rates.—————2432
Combined Condition Statement of Federal
Reserve
leasibie,
and
that this enterprise is not yet in operation,
mfide as. to its success.
It' is to be noted .that
the corporation's
ability ufa start, .operations is dependent upon the
success
of this offering,
inasmuch as the underwrite^ has not made
Exchange—2411
Dividends Declared and Payable
of
are
Redemption Calls & Sinking Fund Notices_2431
The Course of Bahk
/
house-
years
.
when
States,
General Corporation and
obligations of the
of premiums,
York,'.
ba<;Ic
fact
•
Investment News_2385
State and City Bond Offerings and Sales—2441
be
may
as
financing
the/'ascictance
"X! In view of the
Section—.2426
;:\'i:
this
,«!ti).-no representations
Exchange-.2411
:'"sV!
'-b
"
•
New
a
production
planned
a
it
gram,
:
Miscellaneous Features;
;:V..*/••
mass
that it
If and
!
-—;—^,-,--2428
Curb
York
New
far
so
of
adopted
competitive
-Tr2427
Stock
York
New
Through
On
1945
and
Markets
for
and
r
Exchangei____i_—___2424
Exchange—Curb
nized
;
—-1-2424
—
gnd
originates, frpm
production.^^
completion
equipped
"5
—---2423
-
to any suitable cite
Pennsylvania
corporation
'.•i!-Jthe.- corporation,' with
-2422!
Andre
tax,
Commission
Maritime
-—-
buyers,,
mass
-upon
.
W.
less amortization
cost,
excess
-
Stock and Bond Averages---—-—-—
estimated, $556,000;
accounts receivable, U. 8. Government
(less reserve), $1,458,450; mis¬
cellaneous
accounts
receivable
and
claims,
$577,811;
inventory
of
merchandise and supplies, at cost, 824,491; investments in stocks of
other
companies, at or below cost, $2,452,564; estimated refund of
Federal taxes for prior years under carryoack provisions of Internal
Revenue Code, 822.200;
mixed claims awards, aggregating $2,412,614,
less
reserve.
$1; assets allocated to insurance fund
(cash in banks,
S82.236; obligations of the U. S. at cost, less amortization of premiums,
$1,067,764), $1,150,000; vessel replacement fund assets, deposited in
53.979,403;
Stock
Transactions
•'v
$5,646,490;
hand,
on
at
*
SEPT.
-
to
on
from
r
y,.
Exchangel-i_>——X^-2423
Exchange
Curb '
Transactions
4
>
1
-
,
SHEET,
in
-
pass
i
Stock Exchang e_*^—~f——1^-^2426
Stock
Tornto
42,027
945,225
"V
2421
-
the
of
.
xi-24211
_2422
Exchange-
Over-the-Counter
7,075
•
"t ££ 1J - J
Exchange-—-—-------—2423
Stock
Louis Stock
Toronto
88.261,576
—
the yr.
Stock
Angeles
Montreal
7,229,501
of co.'s
cap: stk. purchased during
Dividends paid
Stock
Montreal
$1,032,075
$8,063,690
$8,055,103
_
Philadelphia Stock Exchange
-——I2424
Pittsburgh Stock Exchange-—-;.--——-,—2424
1,621,000
7,132,115
$906,180
proiit •surplus. Jan,
Earned
;
-
Stock Exchange-
Cleveland
'
Prov.
Exchange^.
Cincinnati S tock Exchange.
Los
Gross
Stock
Chicago. Stocky Exchange.,
(& Subs.)—Earns.
1945
_
expensesr
Baltimore
New Jersey, Eastern
product,
;
detailed
engineering and cveralL cost control, its objectives are to offer the
public some 41 models without abrupt, departures* from customary
house designs
at the lowest prices
consistent
with quality
and
to
Exchange..-vLi-_—------2416
-
for the
$3,383,818
Sept. 30-
revenue
•
!
•
Curb
)i
chassis, developed ■ by: its operating executives over eight
previous "experience.;! With
large scale factory' methods,
j
(Stocks)
-2401
New York Stock Exchange (Bonds)_;_-I-24l2
/•
-
American-Hawaiian Steapiship Co.
share
a
:Tbe
Page
'New York
therefor;
parts
exclusive of land, will extend
are to be sold
in.. New ,England,
•;
•
New York Stock Exchange
Earned-\per-\ehare.X---!!_!-^--'-^^-^—$0.42
:For"thenihe months phdetf^ Sept. .30,-1045 ~yiet^ ihcoine wis ^.SOOjSOS.equai
^which
Stock and Bond Quotations
'
Net
-
1°44
renegotiation-*!- "
ior
and
the
,
v?>;;
1°45
houses
•Company has .been organized for the primary purpose of providing
for the
workingman
with; durable and
attractive low-cost houses of
^ conventional appearance. The program embodies a procedure starting
;
with
engineered designs
and. leading ;througn
manufacture * to
the
delivery :and ^.erection: of
finished
houses..
Distribution
of
houses,
'.i
■Allegheny Ludlum Steel Corp.—-Earnings—
;" Quarter Ended Sept. 30—
Profit after' charges—-
was incorporated principally for the purpose of design¬
manufacturing,
distributing,
erecting
and
further developing
prefabricated
93,317
—V. 160, p. 2537.
The busihess
ing,
$2,476,114
W.
ON
LONG
REQUEST
and
COMPANY
INCORPORATED
48 WALL STREET
634 SO. SPRING ST.
NEW YORK 5
LOS ANGELES 14
iT"|
Parker Harris (V.-Pres.),
Saint-Phalle (V.-Pres. & Treas.), Charles
V. Zavatt (Sec.), and Fred Bemis
de
(Asst.. Trees.)/.;-/////:' ■'■■v
Theodore
'
CAPITALIZATION-
-
stock
A
Class
/ft'-ft^uthorized|f: Omstandlng:
5,000 shs.
shs.
$1 )_ft____ft—505,000
10 cents)—
ft
• 250,000
(par
of
°*allowing
amount
CAPITALIZATION
°6<£
100'X
May
100%
ft/ft/;;
^Inasmuch
is
'*•
.
*
'
J
1
^ V*''?l ''•Vw-
I
Wl Sj,, I
-'.v-,
*,
I
preferred stock (par $5) was made Nov. 14 by
Kobbe, Gearhart & Co., Inc., and Newburger & Hano
The shares offered in units of one share of each at $o •
vertible
oversubscribed.
unit were
; ft
1
,
BUSINESS-Corporation was Incorporated in Ohio Nov.
the name of Artkraft Sign Co.
Name change
m ^
Dresent title Oct
16
1945, From the time of organization to June
1
1942
at which time the manufacture of signs was discontinued ,,
due to 'war limitation orders, the corporation
was engaged wholly in ,
under
1921
{Jj ft
jj vjrloub
of out-door advertising signs
eluding neon signs, embrssed signs for store fronts, signs
marquees and sin-liar uses.
For many years it was one
cinal
manufacturers in this iitld, numbering among
many
of the large national advertisers and chain
whom it
manufactured neon dealer signs and Porcel-M-Bos
manufacture
the
for'theater
of the prln- *.
its accounts ,
orf£n^"on®
d store-
Miscellaneous
borrowed
City,
of Chicago, under so-called "Tft Loan
agreement dated Aug. 15, 1945, with the banks. The above claims
are
assigned as collateral for this "T" Loan,
and the corporation
anticipates that these claims will be paid promptly, substantially as
ft
■
;
has been the plan pf the
AND PROSPECTS—It
PLANS
POST-WAR
for several years to diversify Its business, and
to
created in 1943 a research and development department
Int.
this
Jersey.
holders
The
at
responsible
April,
"Net
fol¬
unit
this
stock.
common
completed and
production is expected to start in December of this year.
In con¬
nection with the order mentioned above, the corporation has received
cost
low
purchaser
above-mentioned
the
from
advance
an
preparation of $60,000 and the purchaser has agreed to advance the
corporation up to a total of $125,000 for this purpose, which amount
will be amortized at
the rate of $2.50 per unit on the first 50,000
shipped.
The corporation has
Corp.
of
New
stock
of
the
initial
an
able
be
for
Corp.
prcdcuctien
received
been
The
project of
Corp,
division of Crosley
of this item.
range
milk
The
its
from
stock
Appliance
have
per
monthft will be
of this refrig¬
Appliance Development
organize
direct
and
y
developed
the
by
corporation
has
in
coin-operated Bendix
Hemp Laundries, and it is thought that its
this field should prove helpful to,the corporation in
of the milk vending machine.
in
perience
distribution
DIVISION
SIGN
production basis,
orders
for
000
those
to
In
order
national
have been
signs
to
keep its business strictly on
the corporation has restricted its acceptance
from
advertisers.
booked
so
far.
Orders
totaling
Production
is
of
lluorescent
is
this
as
a
consumers
production
volume is
item
goods
at
A
present.
anticipated
for
which
OF, EARNINGS
8 Mos. End.
Aug. 31 '45
Net
--..ft
sales
Cost
of
in
substantial
this
there
Sell.,
gen.
Operating
Other
adm.
&
is
2,914,779
and
-"
1945,
reports
with
a
$31,304
<5as
amounted
to
Dec.
on
or
before
:on
or
before Dec.
1.
and
on
or
before
1,
2
.
the
Common
'
ft.
Surplus
1943
Earns,
1942
.
1,008,486
757,643
< 168,628
182,753
193,155
profit__-.„
$321,291
$62,036
$15,514
11,467
20,765
■ftft 7,317
.
j-
ftft 813,162
ft/8.685
and
per
shr.
on
in
$3,170,700
com.
1942)
.
made
wi'l be
for listing the preferred stock
FINANCING
$240,629
.
(S3
500,000 shs.
•
■
>"■
300,000
shs,!v
principal amount
the
stock
fer
to
offered
now
issuance
preferred
officers
"-.ft,'
ft'"':;,;..
PURPOSE—On
with
agreement
Oct.
1,
1945
National
Chase
and
and
exclusive of 375,000 scares,%
supervisory executives pf theft.'
-ft.': 'ft..,,
-.
■
rft-
the company entered into a
Bank, New York; Bankers Trust
of
at "
the
ate
of The
stock
purchase
Additional
borrowings
nj&y
Crosley Corp.
he
under
made
,
the
loan
,
agreement
i; 1945 to finance, in: part,/fbe purchase, at a price, of
$30
per
share, of all or a majority interest < in. > the outstanding;
272,000 shares of stock of New Idea, Inc. pursuant to a contract
dated
Oct.
;
ft/..
its principal stockholders Sept. 25; 1945.
*
ft ;
It is anticipated thai acquisition of not less than -5Q% tof the but-*;/
standing 272-000 shares of the common stock of New Idea, Inc. by
the company will he r consummated on or about Oct. 28, 1945? . Pur*«:? - (
signed with
suant
aforesaid
the
to
agreed
Extend this
to
dated Sep. 25, 1945, the company- .
offer to purchase to all other holders «Eft
contract
same
will amount to $8,160 000'/
and in addition a com^ft.
the shares acquired./ This;;,*,
offer to the
to be kept open for a period)
of 30
days after the company (has acquired, the majority stocfcft -interest, and therefore, it may not be known until the latter party''
of November, 1945, exactly how .many shares of New. Idea,-Inc.,' will ;bei+
acquired by the company.
^
It is estimated that additional borrowings under the loan agree'--';
ment in connection with the purchase of shares of New Idea, Inc. will!ft
be not less than $4,250,000 and may util ze the balance of $5,500,000* "
credit available under the loan agreement, dependent upon the num-ft
ber of shares of New Idea, Inc. acquired by the company.
Any sums-ft
Idea, Inc. shares.
The total obligation
all of the stockholders accept the offer,
if
mission
25,065,364 .21,912,489
$4,253,473
$5,000,121
43,069
45.018
of
$1
share will be paid
minority stockholders is
per
required
°f
$5,045,139
"3,733,923
"3,057,000
ft.(ft. 75,000 ft. 200,000
connection in excess
loan agreement will be
this
in
able under the
on
Pm*
to
ythe
afores*
of the remaining credit a vail-ft
supplied from the general funds ft
Io*n agreement dated Oct. J,
1945" '.the':'
is-'required to utilize all -the net proceeds, estimated to be
$13,620,396 arter deduction of expenses estimated at/ft
$211,585, from the sale of the 300,000 shares of the preferred stock/,
$1,111,216
$1,164,542
$1,071,696
$1,170,993
in
reoayment of borrowings outstanding under the loan agreement,ft,
257,239 ft : 257,239 'ft 257,239
257,238
577,260 ft
573.324
577,260
BUSINESS—Company was organized in Delaware March
1, 1929, ft
/ft 577,260
and maintains its present executive offices at 420 Lexington Avenue,ft
$336,496
$337,197
$330,041 ft $280,653
New
York, N. Y.
The following tabulation indicates its subsidiaries,;;
ft $3.56 ft
$3.17
$3.54
$3.35 ( and the percentage of ownership by the company of their voting .
50.000
company
less
not
than
m.
and
($1,928,000 in 1944, $2,771,000 in 1943,
capital stock taxes, ft The 1943 figure is
securities as of Sept.
28, 1945—
w
ft.
S
% Voting
»-
-
Subsidiaries—- ft- '
Sec. Owned (■ t,.--.
refund of $277,000 and the 1944 figure
American Propeller Corp.^__i_-/^_—-4V_*——
100-®ft
•/--.'Ty
is after giving effect to debt retirement credit of $190,000 and post¬
The Crosley Corp.—_———
—ft 88.1ft
-'-twar refund of $24,000.
tlncludes depreciation.
^Includes provision for , :ft.ft
,: American Central"Manufacturing" Corp.—
^ "0.8% (:(
renegotiation refund and $45,416 interest on additional taxes for prior
New
York Shipbuilding Corpse'ft- 59.3'
29.6 %
years,
ft' ft ft
' .ft
-ft/./■• • ft r ft
ft-; ."('ft..
r 'ftftft.;::vft(> ftft. ft ft; ■"
'-'i
Consolidated Vultee Aircraft Corp
—
CONSOLIDATED BALANCE SHEET, SEPT. 30, 1945
In addition, New Idea, Inc. will become a subsidiary of the company
ASSETS—Cash, $6,157,307; U. S. Government securities, . $4,352,100; I
upon consummation of the agreement
made with its principal stock¬
post-war refund of Federal excess profits tax. $702,762; accounts and
holders, dated Sept. 25,- 1945. ftft"-.ftft.■./ft;ft ft/ft/ -..ft'lft"/('(; ■ .".-(-'ft/
notes
receivable
(after
reserve
of $167,907), $3,949,914;
inventories,'(
PRE-WAR BUSINESS—Prior to the war, the company was primar¬
other assets relating
U. S. Governafter
giving credit to post-war
,
,
Total
Other
Prov,
for
Fed. taxes
income
Net
The
:
income
$332,758
income
$82,821
82.617
charges
14,947
$22,831
9,660
/
$21,847
t
3,243
on
187,000
27,613
3,462
5,058
$63,141
840,261
$9,769
$13,546
receivables and
cost-plus-fixed-fee contracts
$5,411,420; cash,
present earnings of the corporation have
been
derived
ment
$919,927;
entirely
.?
i
i-
to
$2,866,662;ft investments,
(after reserye for depreciation
(contra),
property, plant and equipment
•
New
.
59,462
■ft/
ft
£
borrowing thereunder, the company paid in full borrowings aggre-atr-ft
ing
$22,000 COO
theretofore incurred
under loan agreement dated ^
June 18, 1945 with sa'-d banks.
$18,000,000 of the aforesa'd borrowing'/
under sa d lean agreement dated June 18, 1945 was utilized to effectu- ft
"
$3,532,234
-ft-'
Co.«?
31,
prior to Dec.
\
loan f
1945.
Company borrowed on Oct. 1, 1945
pursuant to such loan agreement an aggregate of $22,000,000.
Upon
the execution of such loan agreement and the making of the aforesaid)
time
ft
;ftft(^
ftft'
eignt. other part'clpat'ng banks providing for the extens on
credit thereunder to the company not in excess of $27,500,000 "'
any
ft;
ft-: v*
+.5,793,513 shs.ft:
10,000.000 shs..
r-ari____________
y-M
■■■•
*
stock
preferred
conv.
stovk
.
'V-;
ft '
-,v
•22,000,000
par):
J
Outstanding
$1,608,809
note
-l *
J
#
and
"Includes excess profits taxes
$953,558 :
and $50 per share bf jredeemedi
1953;
GIVING EFFECT TO PRESENT
Authorized
(no
company.
;
28.988,203
ft/ft
dividends
dividends
stock
in
reserved
,
$4,296,542
..
of $22,000,000, pursuant to the1,/
company's lean agreement dated Oct. 1, 1945, with a group of banks-ift
+
By amendment of the certificate of incorporation
filed Oct,
1945.
the authorized capital stock of the company was increased to) ft
10,500.000 shares .cons sting of 500.000 shares of preferred stock (1)0).ft
rar>,ft.<*uab> in ser es, and 10.000,000 shares of common sto.k (parh)
$3). The 300,000 shares of the preferred, stock offered ihereby coa- .
bt.tote txie
a.1 ser.ee of sue.) prexerred sto.k.1
*
ft
^Exclusive of shares, reserved for Issuance upoh -the coo version .of <-
Steamship Lines—To Pay
"2,470,000
I,
Stock Exchange.
promissory,
cumul.
"Issued
,
$3,591,696
if redeemed there-,--
.
$2.25
Electric Groun for the
130 648,302 kwh., a decrease of
+3,278,416
income
Preferred
constant
a
install,
tCommon
&
$4,449,409
tax
York
New
fPreferred
in
$4,402,090
contingencies.
•
1243; $53 per share if .redeemed there* /r,
1931; ,S32 per sl-are if redeemed thcre-^
1952: $51 per share if redeemed there-;
payable
installment
prom'ssory
notes
dated Oct.. 1, 1945, payable in equal
installments, Oct. 1, .1948, 1949, 1?50
'
•
income
the
CAPITALIZATION
2Va</c
net profit
47,319
income
for
Dec.
jLISTING-^Application
-
.
200,000
ft $0.51
32,464,984
profit.
1,
before Dec.
or
$54 per share
1947;
Dec,. 1,
and
.
1944
1943
"
1942.
$36,867,074 $32,520,437 $29,318,837 $26,912,610
^
the common holders.
agent—Schroder Trust Co., 43 Wall St;, New York, N
Registrar—Chase National Bank, 18 Pine St., New York, N. Y. *
1945
goods sold, de-
The offering represents the, •
shares first offered"^
subject to. adjustment in certain eventsVV
'time/upon 30 days' notice at $55 per; share - jJE
any
before
drftEleetilc^^/poi-p/: repcrt :that
Gas
at
or
(in
earned
-•
tftock. is convertblft at any time on,or before fclieiC.
redemption into 5.88 shares of common stock for |w,
preferred stock at the basic conversion price of $8.50) XV
after
ft "('-.-'(ftftftft'
company
compared
as
Associated
income
Net
department
$1,192,628
107.879
_______
/
Lehman Brothers and Emanuel & Co-
thereafter, plus accrued dividends in each case.
Transfer
$5,292,760
125,03;.
-
30.62 (ft1,
$0.25
West Indies
Sept. 30—
operating
Gross
Prov.
Years Ended Dec. 31
$3,169,971
exp.
income
200.000
#
.
Offered—A banking |
to
of
share
after and on
3.3%, from the corresponding week of 3944.—V. 1C2,
* >
or
-X' /.y,/,
1944
$2,221,430
1,792.260
sales
3945
etc.
of
Federal
$747,008
after
162,- p. .674,
Other
underway
now
$962,340
on
on
Atlas Powder Co, <& Subs.)—Earnings—
Net
-
$102,124
after and
sign
demand.
SUMMARY
Nov.
9.
the
jivery & other exps._
totaling approximately $150,000 have been
light fixrure bodies, which have been com-
pietely tooled and are in
reiativeiy steady post-war
200,000
,
tCost
$400
679.025
$140,981
prior
redeemed
162, p. 1387.
Associated
of
kwh.,
Sales,
the
PARTS DIVISION—Orders
for
ot the
output
9"Mos. End.
ex¬
mass
a
over
-
34,837
630,324
preferred
day
Redeemable
•
®nd'iS anticipated .that somewhere near- this much additional ^wili
be booked before the end of the year.
received
ended
—V.
the common stock of the corporation) which has agreed to
the tooling cost on terms to be arranged, but which have
been definitely agreed upon.
Since its organization in Nov.
Teiecoin Corp. has been the exclusive national distributor of
of
3,870
75,130
share of common gtock.
per
vi
;
The
each
}
The/directors- «n; Nov. 14 ' declared^^ dlvldend of $3;per sha*ei;«h
common stock, par $1,
and the regular semi-annual dividend of
$2.50 per share on the 5% non-cumulative preferred stock, par $100,
both
payable out of net profits for the year 1945, on Dec. 12 to
holders of
record Dec.
1.
A
distribution
of 53 per share was also :
made on the common stock on Dec. 12.
1944, and on Dec. 15, 1943. *
*
-
34,837;
3,870
69,843
deb-i—r—
A
ser.
income
10th
the
distribu¬
the
yet
1943,
6,
share
a
Atlantic Gulf &
J., O'Connor formerly '
equipment and the gas electric
underwrite
not
v
$3 on Common Stoek-^
Richard
60,558
$1,460,371
corporation^ common stockholders and not taken I'H.
by them, plus an additional 10,325 preferred shares not
the preferred
Place, Jersey', i
$7,033,000
146,512
70,112
-ft/; ...ftft'
cents
2266.
p.
great
possibilities,
Exclusive distribution arrangements,
made with Teiecoin Corp. of New York (which owns 37,500
been
19
or
trustees
4.493,579
!' ft' 70,467
$1,627,502
:■
$181,126
$214,695
offered for subscription to
now
redeemable at any time
$5,319,000
$0.40
,.
weeks ended Oct.
16
electric
week
opinion,
shares
the
■The
$1,400,313
to the
thereof;;
(Associated Gas <& Electric Co.—-Weekly Output—
distribution
the
,
machine
vending
to
share-
like period of 1944,-^-V.
the
and
6.480-
ft
vf
3,375,743 ,J"
3.046,037
$1,557,035
8,2.98
,
A
balance of 289,675 of new preferred
units
1,000
months.
four
or
Corp.
which has recently
employed
merchandise manager of the laundry
tion
corporation,
the
the corporation
by
approximately
of
initial distribution
the
by
1,000 of these units.
Corporation expects to
production shortly and anticipates that capacity
three
within
is
developed
and
for
undertake
to
reached
erator
designed
has
order
Development
with the Appliance Development
also airanged
341,408
$174,645
preferred stock (no par).
charges and provision for Federal Income and- excess profits
$55,753
the
York City (which owns 37,500 shares of the common
corporation) to distribute the commercial wet and dry-
refrigerator
storage
of
245,339
r.
- /
13X42,725
publicly offered Nov. 13 at $56 per share, plus accrued %
dividends, 67,374 shares of $2.25 cumulative convertible
;",f*
297,268;
outstdg—
-ftftft.
For
1945—9 Mos.—1944
13,747,314
1,481,760
$206,396
____
income
?
f group headed by
liquidation, dissolution or winding up
116,774
taxes.
and
tooling
for
Co.).
.
stock are entitled to;
and no more, payable?
October, accruing from and,
and
$5,469,329
she.
Earns,; per com.
•After
"
$1,997,814 $18,350,386 $18,318,782
Aviation Corp.-^Preferred Stock
annum,
per
July
Preferred
profit
Common
ft
provision for deferred maintenance, which began Jan.
Aug. 31, 1945, covering the active war *
.The-net income of $140,982 for September and $962,340 for .ri
the nine months of 1945, as shown above, would- therefore have been )&':
$80,981 and $902,340 respectively, had the monthly provision of $60,000
continued in effect.—V. 162, p. 1762.
/
yyog
in
sales
Net
company,
7,000 dealers.
The complete tooling of
mass
production has new been substantially
proximately
^
$36,103,900.—
1942, was discontinued after
1.
.
from a large
with ap¬
above
home freeze units mentioned
mid-western nationally known
the
of
10,000
and
total,
period.
preferred
of
6%
of
rate
January,
cost
.
for
$693,679;
»•»>
to ft; izlng and two coat baking system and additional' machinery,., tools,
develop and test new products suitable for manufacture by the cor¬
dies, jigs, etc., and (c> the balance for addhional Working capital.'
poration,. To date the coiporation has developed and tested and is
HNDERWRITERS—Kobbe, Gearhart & Cd., Inc. and Newbmger &
/prepared to'manufacture a home freeze unit, a commercial wet and ft Hano.—V. 182,- p. 2010.
ft,
: :
dry storage refrigerator and a refrigerated milk vending machine. In
addition
to
these items,
it has made substantial improvements in
Artloom Corp.
Earnings
I'/' * Vft 'v' • V 'ft ■ • ..
v<;
:,ft
bath the designing and production methods of outdoor neon signs. ..
»
The corporation
; Oct. 6, '45
40 Weeks Ended—
has at present received an initial purchase order-?!
Oct. 7, '44 Oct. 9. '43
Oct. 10, *42
it
end
adjustments,
NOTE—The
part, pro rata or by lot) at $5.50 per share plus dividends.'
Preferred
stock
convertible
at
any
time
at the option of the
holders into common stock at the rate of 2^ shares pf common;
stock for each share of preferred stock.
'/
} - "t ■ <
'
or
expenses
income
on
Net
I*URPDSE---Net/ proceeds ol approximately $412,000 to be received
by the corporation from the sale t>f the preferred and common stock'
will be used for (a)
approximately $100,000 for the plant building'*
extension, (b) approximately $100,000 for c. new continuous bonder-, ?
liled.
corporation
to
whole
Liberty National Bank
and
III
States
Jan.
1,
1946.
the event of involuntary
bution
I
'
Coach
Baltimore
Fixed charges
of'
the corporation, the preferred stock is entitled to receive $5 per share,
and in event of any voluntary liquidation, dissolution or winding up is
entitled to receive $5.50 per share plus dividends, before any distri¬
In
$353»651
"
■
of the
conversion
upon
and Clark.
for both the common stock and
Corporation Co.,
15 Exchange
agent
dividends
quarterly
after
Against the above cancellation claims the corporation has
from National Stockyards National Bank of National
$247 500
Trubey
United
New
receive
in
'
"
1,392,171
—
Gross
offered
stock purchased by Mr. Gearhart
the shares of new common
is
"
I
($100 part, $6,859,700; com capital and paid in
1345—Month—-1944
Non-operating income„_
the corporation had Issued and outstanding 2C0
preferred stock (par $100) 500 shares of class B
A
transfer
City,
,
Total;
1
upon
stock
rr
$598,923;
63 %
stock and
stock.,
to purchase from Mr. Gearhart, at the
completion of the sale cf the securities
Messrs.
The
Corp. _—$219,267
of Ordnance, Navy Dept..— .
orV
small contracts
—
—1.264
from Chrysler
contract frcm Bureau
560 sh
1945,
option
15.000 of
from
parts, ammunition boxes for the Army and Navy,
of the war was shipping a carload of 40MM Am¬
munition Boxes per day, plus a large quantity of 105MM containers.
All war contracts have now been cancelled and cancellation claims j
,have been
filed by the corporation as follows:Prime
class
him,
pensions,
$7,190,306;
'
$1,843,907
ft._
revenues
Operating
Inc., one of the underwriters, 37,500 shares to -Appliance Development;
and 37,500 sharer to Teiecoin Corp.
Mr. Trubey is a. director*
stockholder of Appliance Development Corp. and a stockholder
of Teiecoin Corp.
Newburger <fc Hano, the other'underwriter has a
to
ft-ft/ft .ft
1634.
p.
Operating
and
anti-aircraft gun
and at the close
Sub-contract
of
verbal
162.
Taxes
Corp,
-
substantial quantities. ;
ft
"
WAR RECORD—A short time before the United States entered the
war
the corporation
began to investigate the possibility of fitting
in
successfully in the manufacture of war products.
A successful •
transition was made and the corporation manufactured tank parts, ,,
in
signs
front
$57,164fcv*>£ft
cost-plus-
$8,797,875;
surplus,
earned
$1,037,710;
for
post-war
part,
no
Government
payable^due 1950, $522,-
reserve
including
contingencies,
(263,936.25 shares
S.
notes
into 900,000
changed
ot#lass A preferred stock and 500 shares of class B preferred stock :
were
changed Into an aggregate, of 140,006 shares of n*w cimmcn
stock
(par 10?)
and 12.000 shares of old common stock (no par) .
were
changed into an aggregate of 760.COO shares of common stock
(par $10?). Of this latter amount, 100,000 shares have been donated .
back to the corporation by the common stockholders for the present->
offering and Messrs. Trube.v and Clark ha':e also sold a portion of; ;
the new common stock received by them on the above exchange at;- ;
substantially the cost thereof to them, viz., approximately 30? per
share,
to
certain employees and others,
including 37,7C0 shares to' {
Frederick D. Gearhart. Jr., President of Kobbe, Gearhart
and Co.,'
&
HISTORY
18
13,
shares
stock
Operating
preferred stock (par $50) and 12,000 shares of common stock (no par).
A majority of each of said classes of stock outstanding were owned
and held by R. R. Trubcy, Chairman, and Morton L. Clark, President
and Treasurer, and members of their respective families or relatives. By
action of the stockholders on that date and by certificate of amendment
of the certificate of incorporation filed Oct. 16, 1945, said 200 shares
fered—A public offering of 100,000 shares of common
stock (par 10c) and 100,000 shares of 6% cumulative con¬
per
Oct.
On
$344,433;
reserves,
U.
to
stock for each shaie of preferred
common
w
j
relating
$2,866,662;
Baltimore T^nsii Co.—rEarninss—
cumulative
of
liabilities
(contra),
Period End. Sept, 30—
at rate of 2Vs
shares',
stock.
^Exclusive of 100,000 shares of cemmon stock donated and returned
to
the treasury by stockholders, for sale together with
the lOO'.OOO
shares of preferred stock,
,'/
6Vc
payable. $1,352,389; accrued liabilities, $l,-\ft.ftfty
for Federal taxes on income and renego- ft/ft
'•(Including
;-50 shares of new common
stock, 140 shares of new
shares of reserved for issuance
convertible
preferred stock
+250,000
V,
ft ck (par $103) SCO
and 12,000 shares of
and
stock for each share ot class A preferred preferred
stock
Ohio—Stocks Of¬
Manufacturing Co., Lima,
Artkraft
' S * '* j'
'V ?:&
par) were reelssrI I'd
common stock at the rale
common stock common stock forofeach share prefei
for each share
class B of common
shares of new
commitment, there
to accomplish the
contemplated.—V, 162, p. 346.
will be obtained as
above purposes
1O0.0C0 shs.
shares of new common stock at the rete
corporate
loan of
the underwriter has made no firm
assurance thet the funds ne<teissary
as
definite
no
100,000 shs.
(no
new
total,
cumulative convertible preferred stock
surplus.
,
other
and
for
reserves
mon
1800,000 shs.
cf <lass A pre-epreferred stock
(par $r0'
B
good-will, patents, ctc.;?^ft/ft
$36,103,900+ft/;■ft'.ft.//ft-',.^(ft/ft ft-
$7,594,423;
($5
shares
200
stock
shares of
field)—$150,000; diawings,
and
(factory
of
class
of
common
liability
contracts
insurance
5%
■
of common stock (par 10C) were au¬
shares theretofore authoJ"cd. .issu d and outstanding
the
consisting
$300,000)—$300,000; equipblue-prints and models
3S 000*"^nd "material inventory—$300,000.' The Remainder of such
St JK«$465.214, will beVavai-able lor general corporate |urmJlft
mortgage'
obtaining
after
funas
and
400;
1,150,000 shares
and
$5)
shares
that S78C1,000 will be
outlay of original
(cash
factorv
vpw
1,873,000
2,250,000
9.00 a share
;
19ol———;
proceeds, it is Presently estimated
net
(par
advances
the certificate of incorporation filed Oct, 16.
of 6% cumulative convertible preferred stock
of
shares
100,000
thorized
1, 1151——
converted after May 1,
the
Of
amendment
1945,
81,500,000
7.50 a share
stock
pfd.
estimated
fixed-fee
1,150,000 ?;hs.
+
par)..^»
conv.
^
•By
Proceeds
$3.00 a share
1, 194$-..
1943 and
converted on or before May
converted between May 2,
100%
(10?
stock
cumulative
par)
.
$247,SCO
.20X00
$13,570,114),
tiation refund, $4,327,478; dividend accrued on preferred stock.
'ft/ .ft
Outstanding
8375,000
___
30.000
"Common
-1
Conversion
Lofcn_____
Banks
additional proceeds which will be
aval able to tne corporation if ali of the 2o0,000 thares of class B
stock are issued and if the holders of such class B stock convert
their shares into class A stock on or before tne following dates,
*
Payment on
Total;;
the
indicates
-"T"
payable-
of
LIABILITIES—Accounts
455,181;
PRESENT FINANCING
TO
EFFECT
GIVING
Authorized
Notes
amortization
$4,052,682; deferred charges, $96,703;
expects to incur
31', 1945, in the
^ft//ft ft;;''ft/ft://,:vft/ft- ■'
.(■■:.'■ y-ft;ftft/;-J)Zft
$75,000.
of
orders, the Corporation
four months ended Dec.
war
the
for
losses
operating
shs.
165,000 shs.
PROCEEDS OF FINANCING—Net proceeds,
if the entire offering
of
tne
underwritten stock is so id, will net the corporation approx¬
imately $1,245,214 after deduction of expenses in the estimated amount
stock (par
B
Class
above mentioned
the
>Wy
and
diiectly or indirectly, with the U. S. Government in
connection
with the war effort.
All ot such contracts have now
been cancelled and air such business is subject 1 o-renegotiation under
the terms of the War Profits Control Act.
Due to the cancellation
business
from
Monday, November 19, 1945 \ v
FINANCIAL CHRONICLE
THE COMMERCIAL &
2386
j5
,
.
engaged,
ily
in
ft
in
business
the
i: {-.j.
■
:
■.
part directly and in
design, development,
of
'ft. s ■■.;■
;
l-.
1
part through its subsidiaries,
manufacture and sale of air.■•' ft ::
ft Jft:"/
(
:,Volumfi 162
THE COMMERCIAL
Number 4439
-
craft, aircraft engines and various accessories." In addition, it pro•\duoed heating equipment for industrial and home use and a variety of
-V stamped metal.
products including refrigerator cabinets, kitchen cabV- Inets
and
Corp.;
f to
metal
built
1936,
interest
of
addition
ized, but unissued
as
operated
Radio
WLW
Statioh
Cincinnati,
in
Ohio.'
turing
22 %
also
investments in
holds substantial
air
voted
A
in
dividends
but
manner,
any
them,
thereon.
approximately
It
owned
also
of
as
date
that
of the outstanding common
6%■
right
the
retains
company
366,954
in¬
be
shares
to
distribution
for
through
its
sales
own
••
'
-
Of
Aug.
the
Bache
A,
after
and
owned
H.
stock
such
of
the
thereto
the
services
own
who
agreed
company
•Granbery,
said
transaction,
Carl
commission
of
$1
per
M.
,Nashville
Pacific
Securities
Schroeder
on
I.
M.
Bros.
Additional shares delivered by customers of Management Planning, Inc.,
Stone
&
but
Straus
&
holders.
which
for
The
total
Emanuel
sold
in
will
the
to
of
amount
Co.
&
assistance
its
this
by independent stock¬
will be $354,426, of
company
Management
Planning,
Co.
negotiating said
White.
the
The
of
Crosley
Corp.
approximately
is
Such
values
Asset
not
is
the
carried *on
company
of
The
Corp.
Crosley
In
*
such
pany and the controlling stockholder of
the purchase price was negotiated,
connection
In
Of
The
with
the
Crosley
Crosley Corp. on
Corp. might sell
certain
of
purchase
been
assets
determined
templated
and
that
assets
Earns,
whom
shares
310,701
value
will
the
exceed
sum
so
The
And
conr
which
ber
will
of
the
publications.
in
■engages
Radio.
be
Inc.
It
At
the
Oct.
on
(2)
Termination
manufacture
such
no
;
sales
344
67
344
<
■
to
sales.—V.
;
shoes.
In
$160,324,
344
Net
income
Shares
of
$1.55
vision
mitment
Shares
The
in
with
9
502,162
$1.97
381,866
$1.61
Federal
income
carried
it
which
mined
."
,
145,783
*
275,013
$1,220,830
$2,057,808
Federal
-
income^
,
taxes
30,354
33,844
33,734
,
30,108
;
inc.
$1,284,918
675,000
$721,753
300,000
(estimated)
$2,121,753
$009,918
on
300.000
$2.03
$2.41
_1___;
per
for
outstanding
share
_<T_
to
provide
amortization
of
1945
for
basis
same
shortened
new
the
as
1,400,000
of
in
settlement for
ceivable,
plies,
in
York
terminated
company's
$1,761,183;
$83,014;
the
-i.
computed on
JAfter provision for
1945.
contracts
City
miscellaneous
and
income
York
for
such
there
the
con¬
1943.' ''
year
SHEET,
'.
SEPT.
($5
cash
162,
,
,
V
;
.
and
accounts,
at cost
(after reserve for
patents, at nominal amount, $1; deferred
accrued
trade,
purchases
taxes,
r
■ •
payable,
bond
war
$59,087;
$244,907; accrued payrolls^
withholding tax, $47,318;
and
reserve
for
Federal
taxes
on
renegotiation of war contracts (after U. S. tax notes of
$334,470; reserve for contingencies, $50,000; capital stock,
earned
667.
p.
•
1945
property
$1,500,000;
par),
V.
30,
on
hand, $2,491,070;
accounts re-~
inventories: at estimated amounts, sup¬
surrender value of life insurance, $18,346; in¬
$1,382,200;
employees'
$1,570,000),
under
30,
charges, $140,458; total, $6,602,985,
Novem¬
on
35 New
1945
facilities has been
ending Sept.
$540,349;
$269,377;
amortization),
-
sales
^
contracts.
banks
customers,
vestments,
adver¬
were
New
.
emergency
period
war
;
renegotiation of war contracts on sub¬
the settlement for the year 1943.
tPro-
as
BALANCE
1945—10 Mos.—1944
"
$4,284,180;
surplus,
7V"t
total,
'
4
■
$6,602,985.-1-
•
were
Briggs &
.
1943
179,681
368,294
taxes—
$970,152
$880,570
$1,283,444
653,000
579,000
856,057
Exc.
46,381
45,171
$317,152
$255,189
$382,216
241,547
241,547
241,547
1945—9 Mos.—1944
30—
\
1945—12 Mos.—1944
$2,590,001
$2,663,279
$3,366,599
$3,466,183
53,255
39,289
61,195
46,001
$2,643,256
profit from oper,__
Fed.
<est.j,_
contingencies—.—
Sept.
$2,702,568
$3,427,793
$3,512,18f>
1,451,738
195,603
Stratton Corp.—Earnings—
End.
Period
Net
$8,345,949
taxes
Other
(less
inc.
charges)
misc.
— —
profit before in¬
Net
come
taxes
—
tax—
499,000
500,000
657,600
652,003
tax
(net)_
1.410,000
1,470,000
1,802,600
1,844,103
$731,968
$967,593
$1,016,083
com.
share.
$2.47
depreciation
and
Wis.
&
inc.
'profits
Net
^
=
share___.__"
$1.19
_____
: $1.05
v
value
share of capital stock
contingency., and working reserves)
•
•
■
•
•"
V:
with
said
purchase if it acquires
100%
of
the
on
is not
books
of
practicable
New
Idea,
to
allocate
Inc.
the
the
In
opinion
of
per.
of
as
was
30.
$15.42.—V.
••
.
Sept.
for
Provisions
$1.58
-
$734,256
profit
Earns, .per
V
$2.46
amortization
$3.26
included
$3.42k
in
the
fore¬
going amounted to $119,478 for the nine months ended Sept. 30, 1945
and $159,121 for the twelve months ended Sept. 30, 1945 as compared
with $121,439 and $179,926 respectively for the corresponding periods
1945
162,
:
162,
1944.—V.
of
the
by
shares
p.
980.
-
yet been
arm's
was
Central
Manufacturing
The Commercial and
William
Dana
offices"
135
S
is
Financial Chronicle
Seibert,
La
Corp.
President;
Sallp
St
granting
to
(Ree
S
William
Phiraer*
2
Til
U
D.
the
"taxes-
states
with
the
eai& renegotiation refund.
that
the
1945
contracts,
various
figure
1944
'"
.
included
The
$502,154
$575,467
a
161,
p.
2438.
1944
1943
an
to holders of
quarterly
record Nov. 13.—V. 162,
p.
1
dividend
stock,
par
of
$1.18
$100, payable
1508.
-
Buckeye Pipe Line Co.—Earnings—
1945
and other operating revenue-
expenses
and
other charges——
1944
$5,834,369
4,161,709
$1,455,880
Operating
$5,781,408
4,325,528
9 Months Ended Sept. 30—
$5,744,243
$6,560,570
3,458,318
4,054,362
1,802,623
$1,672,660
3,266,830
Net
profit
share
:
earn.
Whipple
r
in
$3,393,156
$3,047,734
$3,191,629
$3,293,740
$1.56
$1.38
$1.46
$1.51
1
President, statesH. .'
the third quarter were the
Published twice a week
Drapers'
Fed.
for
post-war
inc.
refund)
&
excj
profits
taxes
(less
—
800,816
983,370
$702,190
——
—
60,037
$1,732,097
$749,327
$0.64
$0.68
; on
shares
Gardens, London,
Net
Per
smallest for
any
William B. Dana Company, Publishers, 25 Park Place, New
0613)'
etc..
income,
750,000
Jacobs.
Shipments
47,126
$1,503,006
Interest
[every Thursday
quarter
—V.
incomtf
share on
162,
p.
—
1,034,456 shares outstanding-—667.
York 8, N. Y., REctor 2-9570.
E. C., England, c/o Ed-vards & Smith.
'
"
...
'
.
Herbert D. Selbert, Editor and Publisher;
Igaug with
i^rCom^v
Copyright i"4p by wxiiiain ±j.& nana company.
as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great BrltaJV<Continental Europe (except Spain), Asia, Australia
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New Yoik funds.
initial
1942
$7,102,096
after
2.000,000 com.
Patent Office)
declared
'
Prov.
-
have
the $4.40 cumulative preferred
Transportation
Earnings
$6,851,474
profit
Per
holders
state
1945
1
Dec.
•'
chgs._
.
Inc.,
;
Sept. 30—
directors
share on
provision
the amounts of which have not
agencies.—V.
per
^
JProv. for • Fe<L "income
& capital stock taxes
Prov.
for contingencies
the
Riggs, Business. Manager.
iTpipnhone*
^income
McNabb
9 Mos. End.
Net
New
length
and the principal stockholders of New Idea,
approved by the board of directors of the company.
v -:
—_——
Beneficial.Industrial Loan Corp. (& Subs.)
of..approxi¬
involved,
such
as
company,
1945 7
30—
Sept.
i___
settled
Brooklyn Borough Gas Co.—Initial Dividend—
the
purchase price
Idea, Inc. may be acquired was deter¬
negotiations between I. B. Babcock, President
of
Ended
income
Co.—Earnings—
for settlement of terminated
cost
excess
Months
President
the
connection
said
American
:
146,702
'268,976
—
and
1944
♦After Federal
mately $2,500,000 among
the various intangibles
rgood-will, trade names and going concern value.
The
>:
563.'
♦Net
of
company
'-
465.815
418,395
-
NOTE—Renegotiation proceedings for the year 1944 are now la
progress but not concluded as at Oct. 20, 1945.
Provision for rene¬
gotiation of war contracts for the year 1944 and for the nine month*
ended Sept. 30, 1945 has been made on substantially the same basilT
1,060,251
Bell & Howell
New Idea, Inc. will amount to $8,432,000, which is
approxi¬
$2,500,000 in excess of the net tangible assets of New Idea,
Inc., based on the latter's books at June 30, 1945. Such excess cost
Is
considered
by the company to relate to intangible
asset
values
:•
book
(excluding
p.
mately
-
♦1944
$3,000,973
expenses
;
$1,011,925
$8,309,725
capital stock outstanding
Earnings per
controlling stockholders of New Idea, Inc.. all
of whom have agreed to stay with the corporation in an executive
or consulting capacity until Dec.
31, 1947. Company's maximum com¬
and
1945
$2,054,902
administrative
the
purchase
■of
30
%"
;
^
further
principal stockholders of. New Idea, Inc. for a consideration
of
$30 per share
in cash, not less than 50%
of the outstanding
272,000 shares (no par)
of the corporation.
The offer which
the
company ir to make to minority stockholders of New Idea,
Inc. to
purchase their shares at a like price of $30 per share is to be kept
open for a period of 30 days from the consummation of the contract
for
y."
»
Co.—Earnings-—:
56,553
stantially the
.
not
...
•••' ^'i
*'
miscellaneous
♦Restated
1945
Federal
for
$164,290
4,154,05(5
'
v
t",
shares
Earnings
1,165,755
Net income before Federal
for
-
1945—9 Mos.—1944
$124,584
4,460,432
*
1,372,880
-
profit
Capital
Mos.—1944
$8,208,718
depreciation
for depreciation,-,——_
Provision
'
-
$54,611
:
v
before
-
1945—6 Mos.—1944
October
,
:
Ry.-—Earnings-
purchajses^-^.-,-^,-^--
■
.
Profit
$1,118,002
1944
in
1883.
162, p.
income before
Provision
agreed that, if The Crosley Corp,
the manufacture of broadcasting equipment which Hearst
desires to purchase, the $400,000 credit referred to may
*
5.2%—
1945—10 Mos.—1944
344
390,233
Government
October
whereas
9 Months Ended Sept. 30—
sales billed
L_:
Provision
*1
and
plofit
on
Interest-and
Belcten Manufacturing Co.^-Eamings-r-.
Net
by Hearst Radio, Inc. to the extent of not exceeding. 50 %;
<of
the sales
price of
any
broadcasting equipment so purchased.
Hearing .cn this application before the FCC took place at Washington,
T>, C. on Sept. 19 and 20^ 1945, and the matter is still pending
\
On Sept. 25, 1S45, the company entered into a contract to purchase
of
849,578
general
Discount
the
"
was
'
94,583
$5,835,027 $37,926,199 $39,295,730
1,439,308
passengers
V*'
Gross
137
$604,298
October
the
,
the United States
of
men's
of
of
$2.17
$777,168
67
67
137
80.22 -T;
employees
and
24
$2.14
X! "i
$2.38
1945—3 Mos.—1944
LIABILITIES—Accounts
strike
200,000
36,913
795,707
.
1278.
p.
Interest, paid
Depreciation
tAmortization
413,333
for
for
store
Net
used
from
162,
Soiling,
$2,353,833 $24,105,993 $24,308,238
1945
19,
of the
peak
tracts 'amounted
Crosley
is
commenced
9.
City stores were closed.
automobile and engine.
The Crosley Corp. has a contract to purchase from Hearst Radio,
Inc.: all of the assets of Radio Station WINS, New York, N. Y., subject
to the approval thereof by the FCC for a consideration of $1,700,000.
In addition, The Crosley Corp. agreed that, if it acquired Radio Station
WINS pursuant to said contract, it would make available to the seller
broadcasting time on said radio station to the value of $400,000 which
may be used over a period of 10 years and seller has in turn agreed
to
extend
publicly and cooperation.. to radio station WINS in the
Hearst
that
announces
sely affected in two respects:
(1) A strike of the company's
will
manufacture
corporation
$3.63
200,000
tGross pvofit on sales
$92,795
1945—Month—1944
$2,322,925
^
i
$3.57
% 1945—Month—1944
9 Months Ended Sept
206
67
1945^-9
$1.06
Period End. Oct. 31—
Sales
94,583
$4.08
B slmre—
"';-r
(A. S.) Beck Shoe Corp.—October Sales 1.3% Lower-
1945,
book
"
>
3.33
381,866
$1.26
$767,239
94,583
share
Bower Roller Bearing
:
stock
of
A
$5,531,270
ASSETS—Cash
the
of
Crosley
such
502,162
$862,209
200,000
_
67 4
Subs.)—Earnings-
share.
557,942
profit in 1945 for the period includes foreign profits
to exchange restrictions in amount of $76,857; 1944, $68,751,
1943, $63,008.—V. 162, p. 667.
•
-
Net
1945—3 Mos.—1944
$695,581
$639,181
outstdg—
com.
992,111
1,609,788
*
participating provisions of the shares.
renegotiation
interest,
38,388
,
—V. 161, p. 1875.
-
taxes, etc.-—V. 162, p. 667.
(&
1,363,569
35,644
<*r
class
the
fare
206
$0.59
depletion and provision
profits taxes.—V. 162, p. 1762.
excess
approximate $310,000.
It has now been agreed
be paid for to the extent of $249,996 mistook
•of
Crosley Motors, Tnc., valued for this purpose at $6 per share.
The balance of such purchase price will be paid in cash.
Fiduciary
Management S. A. Inc. has agreed to purchase from The Crosley Corp.
the aforesaid stock of Crosley Motors, Inc. so acquired at such pur¬
chase price, so that neither the company nor The Crosley Corp. will
have any interest in Crosley .Motors, Inc. or in the future development
such
shs.
per
♦After
new
a
The
of
that
7,
to
The Crosley Corp. with
$0.21
31—
1,889,964
>
and
taxes
per -class
"Rev.
v
413,333
profit
Common
,
the company agreed that The
corporation, Crosley Motors; Inc.,
Corp. theretofore devoted to the
manufacture and development of automobiles and internal combustion
engines at their book value, after depreciation and reserves, which
was then contemplated to be not "in excess of $250,000.
However, it has
the
Aug.
period End. Aug.
'Net
%
1943
$2,267,310
-
$230,589
390,223
Beatrice Creamery CO.
.
.1;
3
1945—3 Mos.—1944
$90,258
__.
♦After depreciation,
good-will,
for which
as
.
Corp.—Earnings—
Capital shs. outstdg.
Earnings per share
the
trade names and going concern value. The
purchase price
said shares of stock of The Crosley Corp.
were
acquired was determined by arm's length negotiations between
1. B. Babcock, President of the company, and the controlling stock¬
holder of The Crosley Corp., and was approved by the Board of direc¬
tors of the company.
At the time of the negotiations there was no
material business relationship between
the management of the com¬
•
Profit
of
of
volved,
_•
W
1944
depletion
income
Provision for Federal Taxes
Period End. Sept. 30—
the
books
y
•''
Barber Asphalt
«
of
excess
I'i'V,
r
Sept.
$2,045,302
depletion.-^
foreign
profit
.67
3.33
-
of
i
'
1945
shares
Net
206
■
1.33
"
-
-1
the company it is not practicable to allocate the excess
approximately $8,000,000 among the various intangibles in¬
•opinion
cost
cost
excess
in
67
1.33
Co
>
Period End. Sept. 30—
'
67
-
3.33
Co.
fc
rato
facilities.
as
$2,586,785
__i_
Boston- Worcester St New York St.
y.;-K344i'>
.65
&
-
'
.65
Co.
B
—V,
"
206
3.33
&
low
a
of
determined
301, 1945, were' charged against earnings.
Sept. 30, 1945, was $4,875,000.—V. 162, p. 980.
Period End..Oct 31-—
,344
.65
Lerclien
Weld
344
.65
Co.
at
were
conversion
374
2.00
-Co.
1945
not
Sept.
of
rfltoileA
344
2.00
Blodget, Inc
of
and
were
J
'
.65
Inc.
contracts
Bond Stores, Inc. -October Sales Declined
,
2.00
Co
and
1945
NOTE—Net
and
—V. 162, p. 2140.
in the net tangible assets
latter's books at July 31, 1945.
considered by the company to relate to intangible
corresponding equity of the
Crosley Corp., based on
The
of
$8,000,000
Co.,
30,
estimated
subject
/
67
.65
_J__I
:J"
Blosser
-Wertheim
,
v. v
""-".65
;
<fc
SEPT.
to
IV;
to
as
and
per
♦Under
«■
137.
3.33
JZZZZZzZ
,
5
1
Boyce
Walker Si
Watling,
transaction,
Crosley interests, and will not share in the portion of said commission
received by Emanuel & Co.
The cost of acquisition of the aforesaid
shares
&
H.
G.
Inc.,
&
Webster
&
•Sutra
commission
from
receive
approximately $100,Victor
Emanuel, Chairman, is a
limited partner of Emanuel
but did not participate in any way in the negotiating with the
000.
&
shares
Co.
ENDED
204,000
shares
♦Earnings
.;
206
2.00
Bcane__"~I~
Co..
1508.
162, p.
Co.—Earnings—
S90.68D
profit;
A
Class
137
3.33
Co; "___^r___-.'_
Barney &
"
.65
Rockefeller
Simon
r";
3.64
_~.~
,<
&
•
137
3.33
*_i_
Paine, Wobber, Jackson & Curtis •_
Wm. C. Roney & Co."
Schcellkopf, Hutton & Pomeroy, Inc
Stein
other
Co.
x-
Northwest
Smith,
on
&
-
206
3.33
-
ZJZZZ
LZZZZZZZ
f
206
•
2.00
;
Net
-'
344
•
Fenner
this year.—V.
consideration
the third quarter
contracts^ strikes
sales.-
profits
♦Earnings
344
-■
1.33
Co.
the
i
Sept. 30—
and
excess
Class
67
-
Rhoades
Si
206
1.33
,*■.
Federal
•\.'A'I3Tt'
1.33
—
Lynch, Pierce,
-Mullaney. • Ross & Co-.
and
67
2.oo
Cbv*ii'.
.Merrill
of The Crosley Corp. acquired from the
controlling stockholder, other members of his family, and the Crosley
family-trust, pursuant to the contract of sale,
and upon certain
not
I™
:
MONTHS
;
v
cost
books
on
Depreciation
206
2.00
Co.
this,
for
$1,700,000
backlog of
exceeded
Bon Ami Co. (& Subs.)—Earnings—
344(1
3.33
Co.
Si
Loeb,
McDonald
company
share
Freres
offset
14
recoveries.
'Profit before deprec. <fc
67
206
.65
.
__
NINE
cancelled
iVGross profit on
e-67
~~
•
during
on
9 Mos. End.
.206
■
.
3.33
Co.
Aug.
at any time
giving
tax
1945.
i
67
.
1.33
Co.„
&
&
>
.65
.
I
Corp.?
Peabody &
Loeb & Co.
Lazajd
137
2.00
Weeks
&
pro-
$113,311
Conversion
■;
'Business
762
.65
Higbie Corp,vi_
Kidder
M.
Kuhn,
Management Planning, Inc., for
of associated brokers and agents
a
M.
Hornblower
shares of stock
the, 310,701
.
Marache & Lord
& Co..%iiit—__——
Carlton
However,
137
2.00
Dominick
Si
FOR
recoveries
to—terminated
.30,
762
■
.
2.00
Noyes
slowup
temporary
income
Earnings
137 "
_.
Hamphill,
since
than
more
higher than
Federal
Shipments
aereed
NO. of '
addi. shs.
.65
Hallgarten.
cancellations
before
tax
Estimated
!
2.00
:
J
Securities
the
items.
the
1.33
_'w__
_
loss
Federal
206
Co.' '
_isg.
is
EARNINGS
Operating
will
2.00.
Goldman, Sachs Si. Co.
pay
services
the
and
negotiated
to
have
3.33
_
orders
be
have
and
civilian
to
both net sales billed and profits
larger than for the third quarter.
"
Net
1.33;
Co.f,:inc.:%-
To r r ey_
&
it's
and
'
Corp.
Colony Corp.
•Glore,". Forgan
&
Co.—
Kidder,
by
respectively
7.33
ByJlesby'&
&
and
shutdown
items
and
Birdsboro Steel Foundry & Machine
due
First
.•
acquired
were
underwriters
>.65
Equitable
imately $19,100,000 in cash including commissions in connection there¬
with/The price paid to the stockholders of The Crosley Corp. who
sold their shares to the compauy was $39 per share, but in addition
its
M.
unfilled
will
•
Day
war
"
which vthe
Unsub. shs.
& Co.,
Inc.1Inc.-____
quarter
orders
new
V-J
rising
of
1.3*
Co,;
from
pres¬
agreement
underwriters
&
Becker
Si
fourth
but
shares
,7.33%
Johnston,-. Lemon
Oct.-15, 1945 a total of 481,109 shares, or 88.1%;
Of such stock, for which it paid an aggregate purchase price of approx¬
several
Co.
"Dominick
Com¬
of
as
the
amount
said
to
the
over
steadily
Terminations
yv
by
to
cannot
85.304
due' to
is
rv '
■I
Whipple\&
Gi.
•Cohu
common
shares
additional
it
of
names
'Blyth St:
.Buckley
Brothers-
•
DEVELOPMENTS
RECENT
minimum
pursuant
pay
■
exact
pursuant
than
&.
.
Blair
1945
7,
outstanding
to
less
event
no
The
the
of
for
The
1942,
changing
duction
company
maximum
a
Corp.
in
shares.
since
in
/
shares
stockholders
share.
per
Co.. Inc.:
Auchinloss.-Parker & Redpath
the company purchased 310,701 shares, or 56.9%,
stock of The Crosley Corp. after approval
bf such purchase by the Federal Communications Commission. There-*On
<,
Allyn
C.
A.
\'J'°
•
•
<&
A.
itself will produce through its Spencer Heater Division house¬
heating equipment.
Gas and electric kitchen ranges developed
ind designed by the company will be produced, either by the company
ia one of its own manufacturing divisions or by one of its foregoing
"
$14.50
the
subscribed
not
company will purchase
Central Manufacturing
stock which
follows; "
as
Securities
Allen
hold
;
are
to
up
other
and
85,304
to
2387
author¬
Manufac¬
'"'Vvv
*'
-
Brothers
Adamex
:
pany
subsidiaries; -"
purchase
Emanuel ~ Si'- Co.
the.re¬
organization.
preferred
Lehman
the
sinks
And
of
purchase
the
to
offered
offered-to
of
its
Pet, of
production of a wide range of household appliances em¬
bodying the results of research and engineering carried on by these
companies. - Such activities will be chiefly concentrated in. Crosley
Corp. which will resume the manufacture and sale of radio receiving
sets, refrigerators and other household appliances,
and in American
Central
Manufacturing Corp.,
which will produce
kitchen cabinets
plates
be
Corp.
price
be obligated
will
price
to
of
Central
the
American
than' .142,154
f'-r.vv.ry;'-v,:V: r
shares, or
and
offering
to
shares
American
$1,236,908, and the ^maximum $2,061,233.
Bacon,
war
offering
:
UNDERWRITERS—The
military contracts,
of
the
for
per share in cash, in the
shares held of record
on
2Vn
with
corporation
which
shares
.corporation
■
these companies have comr
menced the reconversion of their facilities'to the production of peace¬
time products.
\ j
S;
\
! The postwar program of the company and its subsidiaries contem¬
cancellation
same
with
more
nor.
stock of Pan American
the cessation of the
PROGRAM—With
POST-WAR
sulting
of
agreement
'J'-"
'■
at
that
of.
ently by determined, but it will be
receive
to
the
at
^number
to
the
stock
$14.50
each
agreed
American ..Central-' Manufacturing
show cause why it should not divest
voting stock of American Airlines, Inc.
its proportionate interest in such stock
•will be not greater than 4.% of the total amount of such stock out¬
standing.
The shares of common stock of American Airlines. Inc.
now
owned by
the company are deposited with a trustee under a
non-voting trust agreement expering six months after the termination
of
the: National
Emergency.
Such agreement provides that so long
its the ^stock is deposited under said agreement the same shall not be
has been ordered
itself
of
ownership of the
how owned by
it, so that
Company
at
for
a,■
New
transportation
stock
share
to. subscribe
Corp.
common
subscribe
to
stockholder, and in addition
56,850. shares of
common
stock
It owned as of Oct. 15, 1945, 287,538 shares or approximately
the
outstanding common stock of American Airlines, Inc.
of
right
common
additional
as
Idea,5 Inc. has been engaged in the business of manufacturing and
selling farm implements and mechanized farm equipment;
In addition to the securities of its subsidiaries owned by it, the
dustry.
the
1945. -.Company, has
16.
of
U
company
1
of
Oct.
Crosley Corp., which prior to the war was a leading
radio receiving sets and household refrigerators and
'
in
well
as
stock
common
ratio
York Shipbuilding
naval vessels prior
New
facilities became entirely devoted to naval
1945," the company acquired the controlling
August,
in
.manufacturer
ships
passenger
which its
In
subsidiary,
Company's
and
cargo
after
(construction.
stock
sinks.
its
-of
& FINANCIAL CHRONICLE
R*ee^S?d
Keentereu
^ A^a^AmtrS' wff AfrlS iSl^O^er
and Africa, $31.00 per
vew
year.
/
TWF
2388
(Edward G.)Budd Mfg. Co.—Earnings—
Period End. Sept.
30—
Earns,
The
that
the recovery of
:c-f[
Period End.
Gross
tax
Net
Shares
♦Adjusted,
V
/
965,258
^
$0.97
with
filed
has
following
the
SEC
the
Buffalo
due
& ref, mtge.,
Niagara gen.
proposed
—*~~~——
Aug.
1952-
1,
new
A
first
Deprec.
1,456,000
Gross
Net
20, 1945,
for
corporation on Nov.
House,
after
Federal
Profit
rents
prov.,
bond
on
$102,883;
Months
$2,959,868
$3,022,350
675,749
350,739
697,684
359,307
18,764
purchase,^^.^—;'
.
—
.
Net■" profit
161, p. 2552.
'
*
■
$25,000;
End
to
stock
common
Sept.
Preferred
curr.
sales
—
1,542,000
249,256
3,578,021
$3,304,
_
'
Int.
1,640,413
'
$169,077
$160,518
58,629
53,024
$2,080,457
641,531
$2,074,170
636,221
$107,494
$1,438,925
41,801
41,801
501,606
—V.
$68,646
$65,692
$937,319
revenues
taxes--
Service
$897,211
income
(net)
1943
1942
$6,3"5
$4,240
759
842
$4,915
$6,013
3,567
3.567
3,567
.....
against $3,658
as
-V. 162,
p.,
%
,,
,
%
■
,
deducts.
$6.50
Total
7,490
41.048
S3.808.985
Service
Water
Co.—Preferred
Stock
$3,767,937
1,747,473
for
Pursuant
•.
....
Ended
....
the
9,
Electric
.......
the
Louisiana
Ice &
(10c
The net cash'proceeds to the company (before deducting expenses)
of the 77,546 series C shares will be $26.25 per share, or an
aggregate
$2,035,563, underwriting discounts and commissions will be
share,
will
be
or
an
aggregate
dividends
per share,
from Nov. 15,
sions
per
of
$38,773,
an
Other
or
and
50
50
cents"
the
in respect of the
share in respect of the entire 139,000 series C shares
tional
and
addi¬
an
cents
per share
(being the difference between the
the price to the company) in respect Of the 77,546
shares to be purchased by the several underwriters.
price-and
offering
series
O
The company is advised that of the 77,546 series C shares to be
pur¬
chased by the several underwriters 48,798 shares are to be
delivered
by the underwriters to cover sales made by them, prior to the expira¬
tion of the preferred stock conversion
offer, (i) to the public at the
offering price, and (11) to certain dealers at the offering price, less a
selling concession of 50 cents per share (out of which concession such
:
-dealers
may reallow not exceeding 25 cents per share to members of
the NASD).
As to the remaining 28,748 series C shares to be
purchased
by the several underwriters, the company is advised that the several
underwriters are offering a portion of such series C shares
to certain
dealers at the offering price, less a
selling concession of 50 cents per
share (out of which concession such dealers mav reallow
not exceeding
25 cents per share to members of
NASD), that the several under¬
writers are offering the
remainder of such series C shares to tne
public at the offering price.
-%::;;:%%%■
.
$619,295
stockholders, which expired at the close of business
Nov. 9, company accepted
subscriptions for an aggre¬
gate of 27,780 shares of its common stock at $30 per share,
on
or
an aggregate, of
$833,400,
subscription warrants issued
upon
to the
the exercise of the
holders of its
"
to
reasons
it is not always
companies in exact alphabetical
are always as near alphabetical
mechanical
arrange
possible.
as
all
...
Company has not yet- determined whether to make a public or
offering of the 1,362 shares of common stock whieh were
for upon the exercise of such
subscription warrants.
other
Union Securities Corp
Harris, Hall & Co., Inc..
Harriman Ripley & Co.,
,
Inc.
underwriters
has agreed
15.617%
8.705
—11.366
Hornblower
&
8,705
8.705
Weeks.8.705
I^eq^iTg'^son Corp.—
For further details
see
the
and
A.
E.
percentage
as
not
—————
.
.
97,896
$137,295
$254,022
•'
2,413
i
$139,084
6,558
37,530
$114,292
$131,978
$202,603
■
unsub¬
4.316.
'
Sept. 30—
(
freight, discounts and
or
about
Eleven
cording
For
Deprec.
and
(gypsum
gypsite
&
purposes
Operating profit
•
<*-
««•'
'
348,614
:•
Total:- income
Cost
of
new
Cost
of
abandoned
Interest
fund
exc.
'480,967
8,798
-
$1,229,023
277,679
Canadian
Appropriation
to
for
149~833
tive
than
prior
„L
vf
290,995
349,000
114,784
114,775
70,000
93%
$694,364
:
($6,279,400
preference
par
value)
which
stock
the
had
cumula¬
outstanding
on
July 1, 1944, have been exchanged pursuant to various offers of ex¬
change made by the company, the last of which expired on Sept. 10,
1945.
There are presently outstanding 4,579 shares of 6% cumulative
prior preference stock, 12,134 shares of 4 J/2% cumulative prior prefer¬
ence
stock
and
1,619,999
shares
of
common
stock.
All
dividend
arrearages
on
cleared
During
the
on
1,
6%" cumulative
Certaih-teed
creased
0.863
and
G.863
after
agreement
will
basis
concluded,
Celotex Corp.
furnish
provided
not tbe
Dec.
with
prior
preference
stock
1945.
the quarter just
vised
1.438
will
outstanding
Oct.
Celotex
for
required
to
31.
reorgani¬
submitted
entitled
vote
to
&
V
,
City
Short
bonds
into
balloting, the I.C.C,
first mort¬
RR.
pounds
payable
sterling
United
in
'A"
yW
South Bend RR.—Earnings—
1944 v;1.
Ended!'Aug. 31*"-%'%% .%f'"''1945$4,049,093
3,662.877
revenues
rents and taxes..
expenses,
be
States
pound sterling.—V. *62, p. 2143.
South Shore &
operating
on
ac¬
%
Line
British
in
vote,
to
1
results of the
of
Kansas
converted
entitled
be
%-
payable
?'%■'
railway
to
:f
•
will
creditors
of
where
been
the creditors
to
the
Island
$3,674,568
3,278,800
,-$386,216%- $395,768.
/,% ,% 51,283 %, ', 34,974
■
■
'1
«-'i
•
I
$437,499
22a.
162. x>.
/ ■/%%%'•'
" ,"■%'% % ; " V %■■%
;;%:%■%%%-
■%
.--V
■
$430,742-:
%'
,%:?/
"
Fuel Cowr*Earnings—?*,
City Ice
9 Months Ended Sept,
after charges.
50-%
?
! 1945 '
%
and
Can.
,
$7,599,843
Profit
<s-
»*
;
.
^1944 %
3943
$8,248,369
.
income- taxes........:. % 5,235,078% ::5,672,020 y
Provision for contingencies......^.
,
IV
'
%:
$6,852,424
- 4,432,012
-i......;,'200,000
250,000
.
>$2;364,765 %$2,378.349 $2,170,41^
Number of common /'shares——,, ; 1,150,176
^1,150.176 % 1,150,176
Earnings- per% shareiw.'!.!..%—V:'%','^-$2,05 %■■ : >81,57.. ,.$1^9
Net'profit
161, P. 1653.
*
,
i'*
'
the company entered into a re¬
Under the revised agreement,
gypsum products on the
de¬
City Investing Co.—Earnings—
Quarter Ended July 31—
Net
profit
after charges
Earnings per
—V.
162, p.
'
1944 "
$43,562
$0.14
1945
-
and taxes:—$106,361
%
$0.53
share..—_———i
common
1765.
'
-
; Columbia Pictures Corp. (& Subs.)—Earnings—
after
1943
;
1942
1945
charges
Federal taxes
1244
$3,474,856
1,529,688
Years End. June 30—
profit
$6,235,460
4,229,625
$5,481,843 $2,775,2^6
3,679.563 % 1,163,617
$2,005 835
$4.89
" %
v.
with
therein,
furnish
during
any
the
balance
gypsum
of- this
products
year
to Celotex
1945.
Certain-teed will furnish roofing products on a
scale to Celotex until but not after Dec. 31," 1946.
Thus
Certain-teed is now relieved of the requirement that it make available
decreasing
Paul
ordered
has
$498,335
of the shares of 6%
company
■
.
■
—V,
profit
1944?
$95,581
v; ri&p
'
1,089,000
contingencies
■
8 Months
Fed.
2~12~857
of recapitalization—debentures————
reserve
$1,506,702
40,740
54,639
pfts. taxes: United States.
1.
%
%
Rock
the
Net' income
Other,!' 'income'.
13,919,755
$2,229,750
57,130
;
recapitalization
plan
sinking
on
for inc. &
Prov.
:
plan of
St.
bonds,
have
to
%
'
•'
'
1944
.
$1,881,136
<m
Income ..i———
net
t
mailed
be
% 1
classes
I.C.C.
of certification
the
that
Chicago
—v.
Other
the
;
26
Railway operating
15,358,826
- 499,105
% 10,217
equipment)_
deposits)-!.
1945,
30,
1945
$51,425
■.
Commission
dollars at the rate of $4.85 per.
$17,749,283 $15,638,543
gen.-exps._
"
approved'' for
will
23.
the
4V2 %
Total
1945
-
(buildings, machinery and
Depletion
adm.
Sept.
—
-%
Commerce
has
Ballots
Nov.
of
to
deemed
Subsidiaries)
allowances >_
goods sold, selling,
$23,035
$0^21
$247,443
$2.28
ended
quarter
and taxes
•
it
plan
creditors.
Certain-teed Products Corp.—Earnings—
(Inclining Wholly Owned
the
$49,125 or 45 cents per share, compared with
shareperiod'■-of"^lei/ip, '1993,
was
Interstate
The
•
(less
1942
$38,504
15,469
Creditors—:,V"J^
zation
,
were
4.316
to
.
Y 9 Months Ended
;
Chicago Rock Island & Pacific Ry.—Plan Ordered Sent
SHEET, Sept. 30, 1945
3*/a% bonds, series A. due Jan. 1, 1961,
Cost of
%
160, p. 2755.
gage
Sales
$195,744
$1.81
For
after cnarges
profit
ordered
"
161,227
$114,920
$1.06
....
.
2J/2% serial note (due April 1, 1946), $38,000; accounts pay¬
$1Q5,672; customers' deposits, refundable, $65,213; interest ac¬
$9,042; state, local and Federal taxes accrued, $72,857; other
accruals, $18,463; deferred credits,. $18,655; total reserves, $1,197,622;
common stock
($10 par), $700,000; premium on capital stock, $10,590;
capital surplus, $476,206; earned surplus, $482,247; total, $3,764,568.
—V. 162, p. 2267.
■%.%
,■ -;%%% %
■
...
130,176
Quarter Ended Sept. 30—
Net
able,
V.
76,628
shares.
taxes
after
crued,
,
1943
$408,670
1944
.
Chicago Railway Equipment Co.—Earnings—
26,032
18,233
$570,000 ;
;
Subs.)—Earns,
(&
$325,920
1945
Ijl, 143
6,425
LIABILITIES—First mortgage
shares.—V.
common
$191,548
share
com.
per
108.361
$3,138, otbents per
$266,165
Cr7,732
...
1944 and
162, p. 2012.,%''
1945, $1,650,000 In
of $1,271,105 in
taxes..
profit %
•On
profit
VV 1,788; ;;
$130,671
Net
ASSETS—Capital assets, $3,095,977; investments and other assets,
$1,907; cash, $149,981; temporary cash investments (U. S. Government
securities, including accrued interest), $146,919; notes receivable (in¬
cluding accrued interest), $18,024; accounts receivable, $183,296; ma¬
terials and
supplies, $101,994; prepayments (insurance, taxes, etc.),
$33,656; deferred debits, $32,814; total, $3,764,568.
3.453
162, p. 2142.
24,2&5
$128,257;
surplus
common-.
Manufacturing Corp.
Cab
income
•Earns,
95,000
■
2,877
162, p. 2011; V.
,
Federal
216,327
26,420
CONSOLIDATED BALANCE
.
on
tOn 550,000
1943.
profit after exp;—
—V.
Estabrook & Co—
—
50,727
23,749
deductions...
to
Elworthy & Co..—
Brush, Slocumb & Co.—
Davis, Skaggs & Co
Mason-Hagan, Inc.
8.705
V.
of
>
follows:
C. Allyn & Co., Inc.—
H. Rollins & Sons,
Inc.
RlvM* & Co.. Inc..11.366
Ki<Jder, Peabody & Co.—
W. C. Langley & Co.._.
i
.
to purchase are
369,554
23,749
taxes
income
Balance
More
any
-subscribed
shares which each
income
-
income
Net
UNDERWRITERS—The
than
share
per
9 Mos. Ended sept. 30—
Net
139,511
'
44,914
*
retire..
Aug. 19, '45 Aug. 15, '44 Aug. 15, '43
!
t'
$527,044
$611,435
$664,334
$0.53
$0.73
$0.91
and
charges
1.305,479
1.
&
$333,100
""
"""
However, they
after
profit
(Earnings
$2,108,237
41,846
i
354,997
replac.
renew,,
10,000
78,364
$415,503
Checker
com¬
stock.
scribed
40,955
Miscellaneous deductions
com¬
mon
.
14,268
219,500
10,000
Champion Paper & Fibre Co. (& Subs.)-
12 Mos. '45
revenues-
Prov. for Fed. & state inc. taxes...
.
Sale of Common Stock—Pursuant to the offer to
mon
$10,969
14,2(38
219.500
16 Weeks Ended—
•Net
Electric Co.)
$647,469
income
Total
aggregate'of
price to the public
$2,074,356, plus accrued
Total underwriting discounts and
commis¬
issue will be $108,273, consisting of 50 cents
$26.75
$23,957
pfd. stock.
on
(& Sub.) —Earns.
;
preferred
The remaining 77,046 series C shares of a total of 139,000
registered with the SEC have been purchased by the several
underwriters and offered to the public,
per
$333,100
par)
p~6687
position
$2,017,348
1945—3 Mos.—1944
Operating income
company
shares
of
for
Gross
shares.
„
$415,503
...
•After deducting taxes
Co., Inc.
power
Taxes—-other
Of¬
(par $25) at $26.75 and dividend.
to
314,046
stock..,
stock
order.
%;-
30—
Sept.
Maintenance
stock conversion offer,
which expired
has issued 61,454 shares of its 4.4% cumulative
preferred stock, "series C," to the holders of a corresponding number
of
shares
of
its
6%
cumulative
preferred
stock,
"series
A"
and
"Series B," who surrendered their shares for conversion into series C
Nov.
$19,054
405,456
taxes
possible
.1,772,839
$497,482 ' $2,061,512
$484,221
Operating expenses
fered—Union Securities Corp. and associates on Nov. 14
offered 77,546 shares of 4.4% cumulative preferred stock
"Series C"
30,
-W
$10,047
preferred
—V0t162,
$3,790,187
2267.
p.
operating
Prov.
California
3,567
the quarter ended Sept.
147,778
$3,767,849
22,338
■
425,699
(Formerly
.-
$3,452
1944.
...
NOTE—-For
$949,600
452,119
12,709
income %
162,
Period
12,888,406
$11,650,459 $11,758,877 $98,749,958 $37,993,704
2142.'
in
: 788
*
Sep. 30, '45 Dec, 31. '44
cost
at
Co.—Earnings—
$942,111
$M0 4.920
...
other
Purchased
sales
-Earnings—
1944
Reserve for one year's dividends
$936,341
'
Combined
^
'4l
$5,674
....
1945—3 Mos.—1944
1945—12 Mos.—1944
$4,769,433
$4,627,341 $19,139,823 $18,341,530
3.872,282
2.685,230
15.371,885
14,573,680
Centra! Louisiana
14,207,876
$2.-
par),
no
$164,587; total,
LIABILITIES—
$1,437,948
501,606
stk,.
Illinois Public
1945—10 Mos.—1944
1,525,087
,
Government
$'7,174
Total
1765.
income
and
Net
%
1945—Month—1944
S.
shares
ASSETS—
Investments
1,540,500
3,581,381
$110,447
income
Gross
$10,004,046 $10,233,790 $84,542,082 $85,105,298
sales
U.
1945
30—
surp.
dividends
was
Reserve
pfd.
p.
oper.
Other
Chicago—October Sales—
Period End. Oct. 31—
Wholesale
JReta.l
(100,000
The net profit from sale of securities for
1945,
$1,480,625 in
Butler Brothers,
$882,903;
'
? / •.
'
1945
4,986,464
—__
162,
Net
$357,141
$325,010
—
30,
accounts
taxes
-V.
SEPT.
,
931
Net inc.
1945—12 Mos.—1944
128,500
—
Oper. exps. and
1944
net
$1.01
'
$3,105
Common
on
Operating
1945
.
other services.
and
SHEET,
$101,545
>
$1.38
.
hand,
on
Expenses
of post-war
reserve
243,308
income
Central
subsidiary)
wholly-owned
Ltd.
charges
tax
the
for
5,611,128
deduc.__
etc.,
Balance
—V.
Co.—Earnings—
''
9 Months Ended Sept. 30—
Net
and
Income
undeterminable
for
reserve
400,219
128,500
taxes
Period End. Sept. 30—
Terminal Buildings
Bush
BALANCE
banks
in
$138,654
S1.92
;
registered with the SEC $56,929,000 first
9
bonds due Nov. 1, 1975.
The bonds will be sold at com¬
petitive bidding, the interest rate to be specified in the bid. Proceeds
will be applied to the-redemption of $56,929,000 outstanding bonds.
Names of underwriters will be supplied by amendment.—V. 162, p, 2267
(Excluding
$147,615
share...
Chain Store Investment Corp.3
and after
law
tax
taxes.
$938,493 $12,811,606 $12,182,516
404,762
income
Dividends
mortgage
Revenue from
$300,000
1942
1945—Month—1944
amortization
&
Interest,
mortgage bonds,
Bush
the
basis of
$945,647
expenses
Provision
the approval of the New York Public Service
with respect to the issue and sale of the
hearing on the application will be held on Nov,
The
Federal and State
be obtained
will
'
.....
common
,
$0.98
$0.84
$0.71
estimated
and $300,000
taxes
revenue
Operating
18,750,000
.———
According to the filing,
the
on
River
Commission
surplus
—T—r—-
♦
Period End. Sept. 30—
Gross
20,000,000
gold bonds,
22,267
1
COMPARATIVE BALANCE SHEET
2,375,000
Lockport <fc Ontario Power Co. 1st mtge. & ref.
5% series A, due April 1, 1955
————
Power Co.
1st mtge., 5 %
gold bonds, due
Niagara,
Salmon
19,569
.
GOC',090; capital surplus. $892,810; net operating profit,
$4,969,988.—V. 162, p. 2267.
-
+$352,261
.
Central Illinois Light Co.—Earnings—
gen. & ref. mtge., 3J/*% bonds, series D,
1968——————
Co. gen. & ref. mtge. gold bonds,
4'/2%, due Feb. 1, 1981
——
$123,812
LIABILITIES—Notes payable—banks, $80,000; accounts payable^ $1.notes payable banks (due 1947-19491, $240,000; reserve for
of inventories and other contingencies.
provision for taxes and $150,000 for reserve for post-war ad¬
of inventory and other contingencies.—V. 162, p. 1035.
§ After
70,000
$158,123
-
45,000
*'
per
$193,812
.
90,000
applied against tax liability amounting to $149,receivable, $1,786,014; cash surrender value
life insurance, $37,038; inventories
(estimated), $774,179; fixed assets
(after reserve for depreciation), $1,300,044; deferred assets, $36,928;
total, $4,969,988..
adjustment
justment
$192,615
30
(after tax notes
0:7),
1942
1943
*$303,374
§$255,960
$0.93
taxes
provision for
$248,123
dividends
contingencies.
<
determined
SEPT.
.
>
123,000
100,000 shares outstanding.
bonds
ENDED
507,590;
1944
1945
1383.
p.
MOS.
:—...
—
$14,348,000
1,
B
59,424
■ ♦$336,241
.
9
—
——
ASSETS—Cash
$70,232
provision of $417,600 for
1 After
Buffalo General Electric
series
58,300
$100,305
setting up of an additional
taxes and other contingencies.
Niagara
Aug.
27,703
$42,861
the
bonds, series C,
3 Vg %
1967—
1,
"On
$10,807
$42,005
$15,158
27,214
tAfter
competitive bidding $56,929,000
to issue and sell at
ACCOUNT *FOR
dividends
Balance
282,554
$50,291
—
♦After
mortgage bonds and will apply the proceeds thereof, together
with other funds to be supplied by the company, to redeem $56,929,000
of funded debt issued or assumed as follows:
%-,, %*■ r% %;..-.
June
$23,077
profit —iCu—.—...
Earns,
per
share
on
360,000 Shares
•
Buffalo proposes
due
128,925
3 Mos. End. Sept. 30----
first
Buffalo
121,407
production-
Net
Niagara Electric Corp.—To Issue Bonds—
transactions:
profit
"Earnings
$271,746
$235,176
277,181
$113,767
Carpenter Steel Co.—Earnings—
1944.—V. 162, p. 452.
30 quarter Of
corporation
The
of
162,
(Including Century Factors, Inc.V
y
1945—6 Mos.—1944
1945—3 Mos.—1344
INCOME
•;
taxes
Common
■
profit for the quarter ended Sept. 30, 1945, was $125,100 after
charges and provision for income and excess profits taxes, equal to
13 cents a share.
This compares with $299,406 or 31 cents a share
%? Buffalo
Federal
Ltd.—Earnings—
$98,331
charges-
for.—V.
Profit;'after^.charges$315,615
1944
$6,215,000
'Working capital at the end of the six-month period amounted to
$392,129, as compared with $411,166 at the beginning of the fiscal
year.—V. 162, p. 4.
$0.92
Net
for the Sept.
1945 *
$6,091,000
■
mineral
mint
Net loss
$885,871
965,258
$338,044
985,258
$101
——;
share..
common
per
CONSOLIDATED
,
Net
July Si-
less
inc.
&
provided
Century Ribbon Mills,Jnc.—Earnings—
,
Operating loss.
Deprec. & depletion..—
s
$noc'oco
profit
outstanding
Earnings
,
.'
,
also
CONSOLIDATED
1945
*1944
J®*3-.
^,473,416 $4,557 744 $4,306,671
o,474.900
3,619,700
3,420,800
charges-.---.—-excess profit taxes
and
.
production through June 30, 1953.
Increased
production furnished Celotex, pursuant to
on
is
agrement,
June
March 26,
on
Cariboo Gold Quartz Mining Co.,
i
T
30—
9 Months Ended Sept,
after
in
Its
Certaln-teed
to
revised
Co.—Earnings—
Budd Wheel
Income
Nov. 28.
12 and
1944 also amounted to $1.25
of
no.ders of record
12 to
made
Railway—Traffic Earnings—
Pacific
earnings
162, p. 2267.
Cost
Profit
Dec.
were
the
Preferred
of civilian production orders of $108,bodies, stainless steel ranroad passenger
trailer body assembled, and other civilian
.
each
Week Ended Nov. 7— %■
—V.
246.900 for all-steel automobile
highway truck
products.—V. 162, p. 452.
payable
cents
return
of 50 cents per share
dividend
a
Traffic
the plants to peacetime
equipment,
25
declared
14
25%
;
has a backlog
company
stock,
of
Canadian
that the loss in the third quarter of 1945 re¬
war production and expenses in connection
Nov.
on
common
Sept. 12, this year.
Total payments
per
share.—V, 162, p. 2142.
V
operation.
It is estimated
production will be several times the prewar volume.
peacetime
directors
the
Distributions
$0.6,4
Nil
'
The
on
law.
terminatiortV>f
reconverting
The
$0.06
>
and giving effect to
back provisions of the tax
the carry
company states
the
flects
Nil
/
tAfter tax adjustment
under
with
share.,*
com.
per
♦Profit.
taxes
charges^
after
loss
V
S109,085 '$8,036.162
t368,9l5
$3,436,697 *$1,536,776
f432,697
♦280,776
Operating loss
Net
s-T11c9?L
Monday, November 19, 1945
Celotex
to
Campbell. Wyant & Cannon Foundry Co.—50tf Div.—
/
;
1945—3 Mos.—1944
■
FINANCIAL CHRONICLE
COMMFPCTAT/^
Net
profit
Earnings per com. share
$1,945,168
$4.43
.
$1,802,280
$1,611,659
•%
.
r
■;
of June 30, 1945 shows current assets -of
Labilities of $3,244,758, resulting in working
capital of approximately $21,715,000.—V. 162, p. 2268.
The
balance-sheet
$24,960,175
and
as
current
I
V
%
2389
"
Commercial Credit Co.
Period End. Sept. 30-
(& Subs.)
-Earnings—
receiv.
Gross
Net
insur.
sales
'Net
No.
of
mfg.
s
105,171,864
332,138,094
365, 074.236
1,641,473
1,841,473
$0.68
1
$0.60
-
C-
i;i
Gas
58, 405,836
4,076,747
1, 841,473.
income
162,
taxes.—V
68,620
Period End. Sept. 30—
Profit
bef.
Federal
Fed.
1945—3 Mos.—1944
taxes..
income
&
$1,966,489
Deprec.
$6,541,838
profits taxes
1,426,300
tNet profit '
1,777,200
$540,189
-•.—_
4,752,000
$802,127
2,245,995.
.
162, p.
565.
,
Net
renegotla-..
1945
.
10.
'
3..
Oct.
——i
27
197,623,000
180,917,000
.193,231,000
——181.307^)00 >v
in
^
5.2
i
,
& ^Southern Corp—Decides to
<
the
was
opinion
companies
of
and
the
of
beard
general
that
in
the
changed
so
made
was
■
territory
therefore,
to
between
do
decided
to
file
will
the
Is
all
new
Total
the
nor
have
within
There
the
of
five
to
years
acquire
the
by
five
will
of
the
years
creation
the
of.
earlier
or
delivered
be
stock
certificates
"A."
which
redemption
price
or,
which will
price,
to
stock.
the
give
to
stockholders
•'
•There is
be
render
of
shares
of
provided
trustee
operating
to
receive
in
the
the
paying
to
15%
the
the
deposited
any
time
representing
stock
certificates,
would
to
of
all
the
of
the
holders
trust
at
of
the
85% -15%
an
the
be
In
are
held
dividend
$1.50
the
the
on
share
per
-Vx;%'.•
J.
William
U.
S.
Court
the
to
of
a
•
board
G%
with
made
for
Nov.
9,
2,
1946,
to
the
6%
163,623
•
271,796
31,915
41,654
1,238,846
307
307
1,770,398
2,506,280
372,625
247,457
348,280
387,260
of
for
stockholders
of
proceeding
before
the
writ
a
to
in
in
the
connection
S.
with
,
sold,
are
the
of
as
of
stock
tor
3,000
5
at
5. cents
resell
time,-
in
warrants
to
selected
not
are
10,000,000
in
the
the
of
purchase
with
to
finder's iee.
the under¬
underwriter
otherwise acquire from
only be offered by the
thereto
dealers
or
may
and
may
a
by
the
as
to
be
the
to
the
to
exceed
the
t
the
/
of
ex¬
of
a
agreed
has
company
certain
of
for
exclusive
and
expenses) ,are
*;'
warrants
'!:
' ; ' <
:
cannot
be
now
total
part thereof is
expects
to apply part
thereof to redemption
part to working capital.—V: 162, p. 1638.}
the
years
such samount
company
Stock
capital.
exercise
:
connection
in
company
offered
which
$5,000
from
three
if
the
now
allowing
without
$531,000
by
conditions.
by the company from the
preferred stock and stock
reimbursement
in
received
and
preferred
at
payable
securities
additional': working
be
Within
$300,000
received
not
for
used
Proceeds
of
$20,300
of
underwriter
■f'determined.
of
(estimated
at
issuance
and
terms
to be received
cumulative convertible
5 V2%
estimated
pertain
upon
proceeds
warrants
the
pay
future
all
by certain
purchased from
be
may
as
addition
offered
now
if
issued
per "warrant
which
part of
warrants retained
27,000 stock purchase
such
be
agreement.
be
sold, a maximum of 33,000
the present time; The 33,COO
warrants that may
be
warrant
per
will
warrants
may
30,000
warrants
cents
the
of
preferred
wiil be equal the
the
underwriting
which
warrants
sale
of
all
are
of
underwriter
and
at
of
all
which
60,000
date
such
and
the
at
sale
maximum
a
sold,
of
warrants
preferred
offered
the
from
stock
termination,
pre¬
warrant.
per
on
sooner.
stock
dated
be
purchase
of
dealers,
plus
convertible
date
the
be the
preferred
will
the
and
or
receive
may
company
a
substantial
a
Wilfred J.
Other
.
1,655
374,717
346,499
898,682
balances payable
wages
...
1,142,503
accrued—
678,303
738,668
1,676,294
2,021,491
3,863,924
2,358,535
10,951
—59,373
and
debt
mat.
10,763
384,290
49,165
within
matured
1
year.:.
and
%
maturing
year....:
accruals
Deferred
471,118
liabilities
Unadjusted credits
Surplus
a
1,164
407,472
371,274
50,000
service
mat.
one
Sundry
9,495,547
31,462,455
payable
long-term
within
30,307,563
9,495,547
27,733,523
:
10,000,000
30,307,562
liability......
debt
24,072,111
24,236,344
^ % 3,530,793
Dr719,231
113,821,910
112,017,142
...
_J
Total
,
,
P-
of
reserves
...
$310,523
in
2329-
and
1945
$305,375
in
1944.—V.
161,
'
Offered—Offering
cumulative convertible pre¬
ferred stock ($10 par) was made Nov. 9 by F. H. Koller
& Co., Inc. The stock was priced to the public at $10
per share.
il The new preferred stock Is convertible at any time into i% shares
of
by
Circuit
com¬
Cross Co.—Preferred Stock
(The)
60;000
Rys.—Annual Report—
Brown, President,
Oct. 4 said in part:
on
•
the adoption in
1940 of the new Cuban Constitution, con¬
certain moratoria provisions, the company has achieved the
following with respect to its debt reduction program to June 30, 1945:
$1,935,667
has been expended for
amortization of
bonds deposited
under
the
Procedure
for
Deposit;
$21,391 has been expended and
Since
been
placed on
special deposit for
amortization of
bonds under the Transitory Provision of the .Cuban* Conprincipal; amount of
first mortgage bonds' and
$1,586,000 original principal amount of deposit receipts therefor were
acquired pursuant to condonation agreements and cancelled or held
for cancellation at an
aggregate cost of $905,488;
and $32,017 has
been
set
aside
for
amortization
of
bonds
not deposited
under the
$132,516
has
undeposited
situation;
$705,000
for
Procedure
been
outstanding funded
1940 to $12,353,409
which
of
deposit
and
when
expended
debt
at
June
previously
.
set
period
1945,
30,
stated.
such* bonds
as
or
this
in
Thus,
deposited.
are
aside to reduce the company's
from $16,766,000 at June 30,
a
total amount of $4,412,591,
funds set aside or placed on special
represents the
$164,533
as
.
$13,235,500 original principal
bonds were deposited under
of the total bonds
outstanding at that date.
♦•'
'
%
The
time
within which
the
company's first mortgage bonds may
be deposited under the
Procedure for Deposit has been extended by
action of the board of directors to July 1, 1946. ■
>.* close of
the
amount
the
of
business
Oct.
4,
first
company's
for
Procedure
of 5V2%
shares
Deposit,
have
funds
cash
the
•Less
■
taining
At
of
action
the
Cuba Northern
v
interest
tax
•Funded
holders
This
U.
'
_
stock shall have been sold
underwriting agreement
which
date shall
of
of
penses estimated
•
(400,000 no par shares)*..
bills
Unmatured
sub¬
represented
certiorari.
review
a
SEC
of
_,
cumulative
of
as
preferred
on
preferred
being
consist
to
112,017,142
non-cum.
and car
Accrued
,
Lownsbury of Philadelphia and
Birmingham. Ala., filed Nov. 13 in the
petition
a
dated
date
of
all
of
shares
are
not
1,191,555
...
payable,
Miscellaneous accounts payable
Interest matured unpaid—:
C.
Corporation,
the
stock
underwriter
sale
.
the
5%%
of
and
convertible
or
date
PURPOSE—Net
320,810
7...V
baladce;.!
the
60,000
time
516,008
—.—
Audited accounts and
;
of
share
issued
and
shares
of
60,000
sum
pfd. stock ($100 par)
pfd. stock ($100 par)
and
Traffic
the
that
RR.
cum.
Loans
Exchange Commission,
Jan.
on
•
.
stock
Jr.,
right
;•
..
Elizabeth
and
Court
.
of
the
super-
......
Long-term debt
the
Southern
&
483,321
584,585;
113,821,910
Common stock
termi¬
stated
directors
of
.
,
preferred stock.:- Should less than
the total number of warrants issued
sold,
as
writer,
6,497,293
550,419
401,459
term,
the second year, and
date of issue of the
from
''
1
or
during
year
each,
cents
5
to
a
of
underwriter
1,764,416
.
—
net
each
be
shares
60,000
issuable
may
458,241
3,427,552
'
receivable-.;v-_'_—_-
supplies
LIABILITIES—
Cuba
Writ—
common
Brantley
Supreme
relates
Seek
the
Snyder
H.
Whiting
accounts
thereof,
third
,
for
were
of
purchase one share
period of three years
at $4.50 per share for.
right
share
per
price
a
109,600
'
...
examine
9
certificates
Commonwealth
by the
be
to
1
Stockholders
Alfred
of
Mr.
91,957.018
6,000,000
....
and
issue
$5
the
the
share,
per
of
at
at
of stock¬
authorized
meeting
directors
and
ended
months
the production
in
by the underwriter at a price of 5 cents
all
cumulative
minimum
A
99,295
receivable
receivable
date
'
orders.
war
special
a
officers
warrants
warrant
$5
engaged
no
WARRANTS—At
the
the nine
and
has
now
purchase
year,
sold
be
the
1944
.
35,303
shares of preferred
60,000
exclusively
was
1945,
during
V '
"
<
.
will
warrants
1945.
j.-j;
of
stock
declared
proposed
7.
'
Holders
action,
*
1942-44
years
of. each
the
the
on
.
company
22,
one
shares
the
T.
457,993
...
and
the
respect-of
selected
92,623,065
...—.....
Due from the Govt, of Cuba,
Deferred assets
sur¬
''■w.. iy,%:
an order of the Securities and
is
payment
stock Dec.
of
foregoing
preferred
was
ject, .however, to
The
"•
all
be
number
$1,603,340
6,000,000
Unadjusted debits
approved by the Commission, no stockholders' meeting
to
1...
...
conductors
$33,000.
are
terminated, whichever
If
dated
745,608
1945
physical property-
equipment fund, cash
agents,
•Materials
thereon.
addition
from
requirements
stock*- at
share
%'
5 '/a
Of
$2,901,581
,
...
bills
and
Rents
Application will be made to list on the New York Stock Exchange
the participation certificates "A" and "B."
On
condition 'that
the
will
.
2,039
stock
after
of
per
iinal
SHEET, JUNE 30
3
and
Miscellaneous
i
modifications
and
will
$2,975,392
697,832
intendent -.(net).
..
deposited
must
ratio.
654,541
? $4,471,671
,
6,790
203,320
428,370
$3,986,072
'
•1,697
659,000
the underwriter,
is
198,074
401,800
-5,015,664
Due
.
participation
i 382,602
377,360
'
Total
the
Nov.
$4,383,815
337,357
,318,947
4- '601,283
interest..
•34,450
862,920
Aug.
stock
debt,
Income
Loans
percentage
the
one
funded
036,147
7,121,218
common
by
upon
filed
was
130,686-
$5,840,929
.
8,500
holders
in
by
410,734
Traffic and car- service balances receivable
full
•'
accomplished,
which
358,596
Segregated cash
Special deposits
shares.
same
entitled
.
this is
how
outline
an
the
may,
receive
be
227,260
359,285
5,140
common
Warrants
$2,564,858
Cash
the- holders of par¬
the
surrendered,
264,332
$4,025,219
Other investments
deposited
Deposit Agreement will further provide that the irustee
may only vote the shares deposited with it: as directed by the holders
of participation
certificates.
Dividends paid to the trustee on de¬
posited shares will be distributed,
after the payment of expenses,
duration
the
rant)
$2,433,972
238,278
-
453,678
dividend
60,000
ferred
524,055
$5;613,669
$5,265,588
deductlons^..^4
Com.
$8,500
138.161
;
Company proposes to issue and sell to the, underwriter one warrant
(giving the right to purchase one share of common stock at $5 per
share for a period of three years from the date of issue of the war¬
1942
$3,760,887
$5,375,392
Pfd.
$714
'i 191,839
PURCHASE
held
period
a
5,925,117
265,311
income
Maintenance
and
their
the
trust
at
that,
"B,"
and
certificates
as
plan,
to
from
$8,883,144
$5,084/372
income;
Miscellaneous investments in
to
of
"A"
common
of
$4,819,061
Investment In road and equipment^...
full redemption
the preferred
the
1943
8,571,880
1,606,179
'
Profit
$53,187
materials;
the
$5.50
v %.>■; $'/.-7
such
companies
of
allocated
termination
provision
said
by
shares
.1944
.
Income
$111,000
oifered
now
issue
of
or
181,216
ASSETS—
.
The
quarterly
$491,072,
-Cash Divs.-
.
Profit
$164,187
•
annual
giving
requirements.—
Net
on
1,638,392
purchased
the
under
either
85%
years,
Deposit* Agreement.,
modifed
SEC.
of
participation
which
the
of
opportunity,
at
and
the. details
For
the
stock
their
to
nation
five
entitled
further
a
them
end
85 %
event,
will
preferred
entitle
the
an
the
ticipation certificates
of
been
dividend
"r «'
<
CONSOLIDATED BALANCE
deposit' agree-'
a.
as
the
northern
will
at
them
any
'
' ■
1945
.
charges;
com¬
which
hf .nfvWic-v: '■
rstockholders Will, receive participation certificates "B,"
acquire
In
have
preferred
EARNINGS
Taxes
1,540,793
STOCK
deducted
$10).
Net Sales
^
war
to
charged
was
been
AND
100,000 shares
and
(par
$1,112,199
Sept. 30—
holders
operating
stocks
the
The common
would
not
SALES
stock
Federal
warrants
Southern
■Shares^},-,;
had
$18,666,689 $i7,920,414 $13,938,946
...
on
Net
stock of
Commonwealth,
which
will change
its
Southeastern Power Holding Corp; and retain the stocks
operating companies.
■
V:
The
preferred stockholders will receive against the surrender of
tt&eir preferred atock $4.50 per share in cash and participation
the
plant which
quarter
profit
after
»'
lncome.u.^.
contingent,
immediate
common
to
name
of
first
net
stock
-
oper.
Miscell.
to the plan.
recapitalization of
change the proposed
class of common stock,
accomplished
plan.
agreement
the
income
Fixed:
modifications
not
single
a
terminate
modified
$1.16
,
None
'
stock
various
the,preferred stockholders would receive under the 85%-15% distribu¬
tion, at a price equal to the redemption price of the preferred stock,
viz.:
$110 per share, plus accrued and unpaid dividends.
result
discontinued
a
the
1637.
ry,
Int.
stockholders
to
taxes,
common
rents
Net
Other
..
directors,
This
of
in
Novem'-
since
divestment by Commonwealth of the stocks of the northern
companies.
They do, however, provide a method by which
-
sale
on
surplus
the
the
Ry. oper,
Net
of
conditions
-
of stockholders of the company which resulted in the amended
plan that, in the opinion of the board, that plan should
modifications
ment
loss
of
$75,095
$1,63
;,
OF
(par $1),
preferred
':-vC Net
NOTE—During the fiscal
30, 1345, the company
;
t$586,424
,
;$0.98
100,000 shs.
stock
common
June
charges, including depreciation^ interest and
Years Ended June 30—
-•
85% -15%
mon
the
earned
on
$343,893
,!
$10)
*L0SS.^'|':*?S%fe'V '•
;
Sept. 8, '45 Sept. 9, '44 Sept. 11, '43
.
(par
convertible
cumulative
1945 (9 Mos.)
$4.64
Corp.'—Earnings—
c
600,000 shares of
SUMMARY
The
•
stock
1
i
Outstanding
239,030 shs.
.
600,000 shs.
pfd.
1943
$6,696,655
V
to
1942
♦.
the
business
they serve as well as security values have
ber, 1943, when the compromise agreement
The
:
$0.85
.
Authorized
(par
conv.
Year Ended
the
of. the SEC dated Nov.. 1.- 1945,
as
to--the-elimination• front
recapitalization plan • of the provision for a stockholders' meet¬
ing.
Executives of all the Commonwealth operating companies were
Commonwealth
$4.73
;
>12,619,898
10,882,239
Railway, tax* laccrtials...
I,1i27;730 ; 1,662,783
the
These
;5
Consolidated Railroads of Cuba <& Subs.)—Earnings—
.
order
be modified..
:
Ry» oper. expenses.t.iU.
X special meeting of the board of directors of the
.corporation was,
Nov. 9 to consider the action to be taken as a;
result of the
It
672,324
$6,728,442
$1.02;
Ry. oper. revenues.....
held
groups
tlf
162, p.
i
Modify
Justin R. Whiting, President issued the
following
operating
41,854
$1,306,684
t«hare.i.-i.^/.....n-..< 4;
computing
V.
statement:
the
41,064
$1,514,094
.
special
warrants.
1 Commonwealth
present.
2,386,125
748,270
com,,
per
to
$1.35
V
7.9
p. 2268.
Plan—
2,303,561
profit
direct
6.4^^'
/
'190,705,000
-
•r^V. 162,
?
191,253,000
-175,137iOOO ',v-
Oct..
596,488
After providing for all
taxes,
7.2
"
per
Earnings
Decrease ■;*
183,413,000
568,952
"640,746
of
Consolidated Laundries
percentage comparisons with last yeari
Week Ended—
194
$9,831,051
9 Fiscal Periods Ended—
♦Net
"
;
amortiz.
&
•
of
5>/2%
stock
excluding sales to other electric utilities, for the week ended Nov. 10,
1945, showed a •7.2%
decrease from
the corresponding period last
5?car.
Following are the kilowatthour output totals of the past ievtr..
Nov.
$9,774,328
share.
162, p. 1637.
,
Commonwealth Edison Co.—Weekly Output—
£:■ Electricity output of the Commonwealth Edison group of companies,;
Nov.
164,937
stock
a
stock
of
$1,945,027
-
/•*' ' '
.
cum.
At
-
not
1945 the company's capitalization
J
\
•
meeting of the stockholders held Aug. 22, 1945, the
incorporation were amended to eliminate the 7% cumula¬
tive convertible preferred stock, and to increase the authorized capital
$9,190,305
\% 668,689,':
r,
articles
6,903,070
:
168,331
income
Earns,
,
8,475,774
$9,105,639
.
5 V2 %
$2,124,110
income....'.
v
Interest
—V.
weeks and
income
Gross
ii of premium on bonds;
Other« deductipns.^...^
$1,959,555
$0.74
$1,789,838
u
tlon.—V.
1,340,765
$1,780,089
$1,955,779
/
_
follows:
as
Common
'1,069,288
$12,506,508 $12,379,812 $55,222,927 $53,459,179
6,787,454
7,712,424
31,377,700
31,350,444
amortization
1,517,278% 1,546,532
6,263,812
6,015,360
&
Other
4,343,700
•Earnings; per'-:sliare^i:$0.21:: ;
$0.30
$0.68
f On 2,636.878 shares of common stock,
fSubject to
v
1,078,284
$6,303,255
exc.
:
'
66,925
expenses__._
Operating Income...
1945—9 Mos.—1944
$2,579,327
the dollar sales of chamfering machines increased but
important extent and the other sales increased sharply.
an
was
revenues.
oper.
Taxes,
Commercial Solvents Corp.—Earnings--•
1945—12 Mos.—1944
•
<
$2.19
2268.
p.
:
$9,910,894 $41,809,937 $40,461,381
2,401,992 / 12.334,705
11,028,510
revenues..^ : '';2,455.302;
Operating
and Federal
$9,982,584
opeiv revenues.
oper.
Total
"
$2.00 v
■'
1945—3 Mos.—1944-
Steam heat'g cper. revs.
4, 422,766
1,841,473-
Period End. Sept. 30—
Electric
13 642,018
49,649.423
1,382,707
shares.
•After charges
18 038.994
1,236.505
■■
share....
per
4,396,412 > 12,012,795
3,826,628
12.921.278
subs.
I——;..:'
common
Earnings
s
premiums.
of
profit
machinery;
to
"<'•
CAPITALIZATION—AS at' Sept.* 25,
$
103.337.921
acquired.
--Earnings—'
,x
s
Gross
Consolidated Gas, Electric Light & Power Co. of Bait.
,
1945—9 Mos.— -1944
1945—3 Mos.—1944
mortgage
Deposit.
INCOME ACCOUNT
FOR
(Including Compania
de
1
1945
Ry.
Ry.
operating
YEARS
Fomento
^
Puerto Tarafa)
•
,
>.
? %
1943
1942
$2,218,230
$3,796,338
2,445,815
expenses
" '
ENDED JUNE 30
du
$2,096,793
1,770,066
1,440,850
1944
$4,040,050
revenues
oper.
1945,
represents 91.4%
This
2,343,311
.
"
plan
pany's
--Mr.
the
of
Snyder
company's
should
and
of
reorganization. "
explained
that
the
last
announcement
be
not
posal.-/:/; •-
-• ••
action
week
construed
as
had
of
The
weekly
this
served
of
output
adjusted
for
to
week
the
of
show
pro-
of
energy
ended
Nov.
amounted
1945,
8.
to
240,33-*,082 as compared with 257,703,749 for the corresponding
in 1S44, a decrease of 17,379,667 or 6.74%.—V. 162,
p. 2268.
i
f
■
Consolidated
The
company
•
•
Nov.
14
tricity (electricity generated
11.
and
and
I
for
purchased)
started
169,700.000
the
lor
corresponding
week
of
last
year,
form
•S/tf
i-:
ft
'■
^
v---r
; ----A-''-Consolidated Electric & Gas Co.—Plans Loan to Retire;
6%
company
000,000
on
a
to
help
retire
6%
trust
basis
term
company's
1957
at
slightly
1962.
and
2?/4%.
more
'•
•
The
than
•' - -• ••••
funds
tools
as
,
.
/Y
.
Prior, to
Company
the
of
resources.—V.
pay
the
the
of
cost
balance
to
proposes
comprises
the
bu'k
the
3%
redemption
the
162,
amount
of
the
necessary
2268.
p.
.
prepiiuin
debt
will
%•;.•).* ,-V:.
on
the
being
1962 maturity,
Including this-
outstanding.
slightly
will
be
exceed
815.000.0C0
drawn
from
i
ayr./V-%
'f i
engines,
marine
engines..
being
The
one
of
the
first
predecessor company
the
snarp
teeth
gear
and
edges
to
insure
generating the correct
meshing.
Gear
proper
independent
organization
has
gear
been
in
engaged
manu¬
to gear chamfering machines—other specialized
not engage in
the manufacture of standard
does
the
term
is
commonly
understood.
war,
the sale" of gear chamfering
of
tne
the
to
company's
thereafter
and
pany's gross
sented
treasury
■
:-
the
$448,163
230,136.
114,422
% $655,943
62,459
$333,742
$593,484
$1,350,466
income—.
Ry. oper.
rents
250,305
Net
,
$1,600,771
J Total income
Int.
$681,131
17,099
funded
45,890
;
->1
44,007
98,274
$581,341
$1,482,487
>:
63,584 " i 56,450
$779,404
163.887
181,554
149,968
141,989
charges
on
87,647
$537,333
.
$1,611,479
——_ -
deductions—_
Miscell.
Fixed
203,592
10,708
income
Other
$1,222,891
242,497
$1,465,387
4.
}
-(
company's
sale
sale
of
of
251,431
265,610
287,182
311,253
$1,172,169
$1,003,324
$73,822
$264,461
interest..J
contingent
gross
represented
machines
dollar
comparative
sales,
the
machinery.
During
machinery increased
balance
the war
until
in
balance
JUNE
sheet
in road and
Investments
Other
investments
$27,608,497
equipment..
203,241
—-———
——
-
—-—
209,151
2,204,701
87.834
102,609
-
cash
,
Special deposits
Loans
Traffic
and
Due-from
•
1944
Due
car
-
«:<
that
■
orders
•;.<
for
for
approximately
sale of "ear
thereof.
the
war
This
75%'of
chamfering
change
effort
was
related
the
com¬
rtyichines repre¬
due
Deferred
174.650
204
— —
78.835
132,739
61,736
37,145
29,252
balance receivable.
service
(net)
_—
110,196
$28,129
in
10,175
18,423
203,849
146,940
receivable.*——
(less reserve $33,324-in
accounts
and supplies
and
from
—
agents, conductors & terminal super¬
Miscellaneous
Materials
a.
bills receivable
and
.
1944
$27,994,365
2.693,131
~— --•—
■
Cash
Segregated
a
30
1945
•-•assets—
intendents
special
special
it accounted
whi'e the
approximately 25%
fact
.«
sales
22,135
debt—
1945i*..*.-a.__.a.._-
affiliated companies..
assets
40,644
20.625
—
--
1943
the
i-
company
acquired most of the
Co., which went into receivership
75%
attributable
period
and
%V-V-.
•
the
approximately
%>,
$1,453,027 :
243.770
,/
and then the predecessor company con¬
manufacturing gear chamfering machinery
its
addition
and
will
$14,000,000
;;>':■-
"
which
sum.
since
machine
the SEC for permission to borrow $14.—
short
the
bonds of
of
ends
company
$1,594,236
accruals.-
tax
Railway
own
on
removing
for
tools
,
to
collateral
the
Engine
is
a
specialized and
is separately performed
machine
banks
from
used
be
of
activities
facturing—in
has applied
&
and
their
produce
the
on
The
Bonds—
The
be
manufacturing
operation,
and is different from the several
other gear cutting operations incidental to gear manufacturing. Cross
gear chamfering machines range in price from $3:750 to $12,000 each,
depending upon size and model,
.
~ -
0^3.6%.—V. 1(>2, p. 2268,
•
may
predecessoi company was founded in 1898 by Milton
and originally engaged
in
the business of designing
gasoline
its
chamfering
increase
an
in
—machinery
.
kwh.
stock
gear un its and transmissions for Chevrolet and other
the
automotie
industry
until
motor
car
manufacturers
to
centrated
amounting
the
preferred
supplied
leaders
System output of elec¬
for the week ended Nov.
t6 176,200.000 kwh., compared with 174,500,000
corresponding week of 1944, an increase of 1.0%
Local
distribution of electricity amounted t.o 175,800,000 kwh., compared with
1945.
kwh.
Sr.,
building
also
York, Inc.—Output—
that
Cross,
in .1934,
Gear
Cross
The
organizations to build valve-in-head
i
announced
1932.
O.
$
week
,
Edison Co. of New
cn
in
of
che
of
assets
subsidiaries
conditions
The
company,
organization
Upon
electric
general business
preferred.
having Its principal executive offices at
3250 Bellevue Ave.,' Detroit 7, Mich*., was incorp. in Michigan on
April 13, 1934, under the name of Cross Gear & Machine Co. Subse¬
quently on Jan. 19, 1944, the present name was adopted, i
COMPANY—The
plan
company's
the
the
of
days' notice at $10.50 per ehare plus unpaid dividends.
60
on
share
each
for
common
redeemed
to
L
kilowatt-hour
corporation
territory
of
prior
*■
Weekly Output—
of
planned
modification
criticism
a
been
———
7,486
7.508
53,100
Unadjusted debits
-
59,308
primarily to
mostly
to
special
'
c'
Total
w—-----
——
—
$31,330,898 $31,169,679
.V
-u
"
LIABILITIES—
V'...'''
LIABILITIES—
:
■'
stoclc ($100 par)
-Long-term debt —_
——
Due to the Government of Cuba...
--Traffic and car service balances payable
Capital
unpaid
Accrued
liability
tax
accruals
Sundry
Due
Total
—-
'• '
$0.20
Earnings per com. share
all
♦After
■
taxes
J.
Wilfred
>'
1945
$0.24
9 Months Ended Sept.
Gross
Federal
for
for State income
1940
in
said in part as follows:
of the new Cuban Constitution,
Net
—V.
con¬
the
Earns,
♦After
:;-'y
believed
bonds
of
$6,0S8,000
*If
International
bonds
<'
the remainder.
The
the
tinder
which
within
time
for
Procedure
subject
be
Deposit
issues
have
been
in
paid
are
full
by
1,
Jan.
instead of
1965,
1,
Jan.
by
residents
.
certain
held
are
by residents of The Netherlands.
the
In
»
last
resentatives
The
few
of
1970,
Netherlands
that
ance
the
for
who
would
might
Embassy
for
be
period
Deposit
available
wish
to
of
would
of
that
ments
whereby the residents of
by their failure to have
diced
they
risks of
first
such
had
would
in
mortgage
United
States
July.
by
in
The
is
company
representatives
when
Netherlands
The
acted,
due
would
not
be
over
making
of
completed
The
will
be
own
best
for
benefit
the
to
of
all
the
requests
which
holders
Cost of
COMPARATIVE INCOME
1945—3 Mos.—1944
of
and
(Salaries
'
,
744,187
431,270
291,586
396,873
953,284
311,288
521,618
321,665
160,000
295,189
264,107
995,016
§1,300,786
118,695
128,996
Ry. oper.
revenues
By. operating expenses-
on
disposal of
on
investments
Net
:
revenue
from
of the,
Cost
91,800
$393,049
,
30,
current
$2,524,691,
or
...
-
;
$0.98
...
1945,-
' $372,486
$0.93
$4,927,652
1,011,510
1,378,290
1,491,219
$3,293,600
$4,017,785
$3,436,432
Cr60,741
V:
•
Ry.
$1,115,825
Net
-V
rents
:
Other
•
Fixed
Int.
Dr4,219
$3,497,173
193,933
314,635
297,008
$3,458,440
$4,207,500
$3,811,808
$2,191,527
269,957
268,902
326,052
174,294
228,764
239,465
funded
interest....
...
352,492
391,658'
$2,617,367
BALANCE
■
$3,318,175
SHEET,
$1,894,518
Other
capital-of
$6,800,088.—
cumul.
on
common
1945
$4,335,847
413,329
434,335
$1,336,014
1945
and
equipment..!
_
investments
operating revenue
Earnings
_67,390
•
agents,
1944 '
$64,880,360 $63,826,387
and
of
$1^020,259
•Materials
Rents
Due
accounts
and
receivable...
The
from
Due from
Deferred
Unadjusted debits
Total
..
.
470,523
143,727
1
$12,964,477
and
subsidiary
certain
employees'
companies.
officers.
pension
and State
147,217
minority
income taxes™
are
$381,800
Interest
35,899
2,229,797
359,490
318,772
obligations
profits tax refund
31
1944
11,600,587
(at
cost)
bonds, received
.
34,737,604
28,603 T 07
229,604
14,404,223
....
bonds
77,378,379
963,498
2,348,687
23,602,581
25,128,840
•
con¬
goodwill™.
and
..
V/;
.
1,152,082
receivable
Government
—
items—..
1,974,051
estimated.
742,000
1,907,171
1,412,080
190,873,495
147,222,258
9,284,343
29,000,000.
7,311,928
and other deferred
profits tax refund,
excess
share
$1.38
Notes
$1.42
payable to banks
payable and accrued
Accounts
banks
and
inventories,
shares
hand,
on
(at
cost),
$540,189;
$50,000;
$835,867;
Dividends
U.
S.
accounts
Treasury
receivable'
receivable—from
note
officer
for
capital
company's
deferred charges,
stock),
$15,235;
$40,750;
total,
fixed
$4,982,652.
share), $2,118,329;
capital surplus, $358,618;
after
all
taxes
cumulative
Federal,
_™^—™
liabilities.—_™
preferred stock
Provincial, State
162,059
—
E.
the
nine-month
Seagram & Sons, Inc
—™—
for possible future invent, price decline
period in
same
as
1944.
.
50,000,000
/
5%
for
5,455,300
46,934,329
190,873,495
Reserve
3,000,000
2,480,000
13,324,700
19,424,904
4,925,300
37,835,820
147,222,258
3,000,000
contingencies.™*.™.
stock (par $100).
2,640,000
12,794,700
cumulative preferred
(Common
surplus
surplus
Capital
Earned
19,424,904
stock ™.™._.__.;™__.™.^^™*
...
J_.„.
earned
period
$1.38 per share,
29,752,663
Reserve
Total
for
166,934
41,177,860
and
municipal taxes in Canada and U. S
20-year 314% debentures due 1965 of Joseph
;
of
of
per
on
provision
*
ending
compared
v
1945, $2,500,000;.
depreciation and arrtorii-
•After reserve for doubtful accounts and allowances:
(After deducting reserve for
1944, $2,500,000.
zation:/1945, $17,694,575;
shares
or
no
par
curtailed
the
demand
for
crude
oil
and
petroleum
the demand for petroleum products should
greater
and
more
favorable
than it
was
in
become
Dome
1944, $15,564,724.
value.—V.
162,
p.
(Represented by 1,753,870
..K.K'Z
7.
161,
pp.
Quarter
♦Net
general
Prov.
for
Outside
Ended Sept.
30—
♦After
gotiation
1
<
-
all
$176,295
S0.43
share.....
known
and
1945
$213,492
$0.52
•
;___™per
charges
Federal
including
Income
taxes.
estimated
tOn
provisions
411,874
1944
for
shares.—V.
Net
.♦On
1,649,856
2,023.497
883,437
983,127
>27,000
23,288
749,036
48,000
27,000
18,120
62,622
82,081
81,524
$l,197.564i
$1,447,210
$1,714,523,
$1,899,317
profit
per
w
465,413
666,896
474,059
492,549
$1,662,977
share... ;
$0.85
$2,114,106
$1.09
$2,188,581
$2,391,866
earnings.
etc
1,946,668 shares of
$1.12
capital stock.—V. 162, p.
162,
Domestic
See
/
General
Industries, Inc.
Phoenix
(Del.)—New
Corp. below.—V.
162,
p.
£■
1279.
rene¬
78C.
v
>
603,976
profit,
♦Earnings
$5,016,753
'
deprec....
lor
prewar
Corp.—Earnings—
1943
$4,356,897
expense
est
taxes,
explor.
Reserved
and
1,756,009
:.;
1942
1944
$3,973,798
"V/a..
1,687,930
1945
$3,623,669
costs
Operating
profit
("Earnings
p.
Steel
-Ilv
•
production
Development, oper.
2217.
and
206
Mines, Ltd.—Earnings—
9 Mos. End. Sept. 30—
Bullion
Miscellaneous
237,749
284,978
$82,468,613' $81,056,526
%
JULY
SHEET,
Total
281
However,
Detroit
307
48,671
;C
1-
BALANCE
118,950
This
condition
is
expected
to
create
stiff
competition
industry and some increase in selling and manufacturing
anticipated,
especially
during
the
present
reconversion
the
years.—V.
2,924.345
lia-r
(Contingent
^Payments to trustees
including $555,194 for
plans,
1945
expenses
Post-war
207,404
14,843
—
1944
received
be
Prepaid
28,736
141,900
non-productive develop,
$3,176,140;
has
increasingly
1,020,018
!
with
of
with
contracts
Government
excess
to
tracts
9,000
27,453
,
With the -end of the. war, all Government war contracts were can¬
celled, and company immediately revised its refinery operations to;
manufacture
petroleum
products for civilian
consumption,
with
a
marked
improvement in quality of motor fuels.
The cessation
of
within
17,648
affiliated companies
Government of Cuba
assets
in
$5.28
of ap¬
taxes
-
products.
307
$11,035,610
Sundry investments and advances
(Property, plant and equipment™.
Trademarks, bottling & blending rights,
3,720
^ H. E. Zoller, President, states:
1,676,582
7508,788
in
profit
net
3,737,407
V. 987,943
!!!!!_!
!!!!!!
(net)
!!!!!!
_.._>!!!!!!!!
.„„_!!!!!!
profits
excess
81,495,880
117,485
198,927
.
:
rents
Sept. 30, 1945, amounts to $369,882, or
to $382,081, or $1.42 per share, for the
1,604,409
"""
3
1945,
(Including those
under
♦.Accounts
surplus, $1,028,473; total, $4,982,652.
3,324,943
receivable.!!!!!!!!!!"
supplies
receivable
in
States
$1,002,626
21,328
indebtedness
5,000
$7.89
hostilities
terminal
superintendents .(net)
Miscellaneous
by
6,783,241
131,925
conductors
S.
or
payable, $390,395; accrued liabilities, $274,long-term debt maturing within one year, $150,000;
deferred
liabilities,
$4,994;
long-term debt,
$650,000;
miscellaneous
reserve,
$6,958;
capital stock,
268,482.70
shares, no par, at stated
period,
from
$26,403,103
connection
U- S,
28,706
BALANCE SHEET, SEPT. 30, 1945
of
(net),
costs
Due
capital
per
portion
188,926
receivable"!!!
1,753,870.
$6.12
$
LIABILITIES—Accounts
885;
308,671
balances
5,751,839
1,753,870
$7.50
LIABILITIES—
$324,470;
(net),
assets
345,985
service
7,234,528
1,753,870
ASSETS—
.
52,491
$369,882
to
ASSETS—Cash
265,826
car
779,953
share
common
257,598
.7. 23,671
accounts
leasehold
certificates
,__!..!!!!!!!*..!
and
1944.
bilities
'
111111
Traific
3,507,711
30,416,386
$4,228,704
185,743
doubtful
applicable
6,782,993
receivable
3,507,713
9,646,662
per
in
$921,428
income
™;.™™„_.„!!!!!!!!™!™!!I
bills
stock
3,049,677
—...
for Federal
Provision
Special deposits
and
11,436,782
•694,541
10,039,503
649,485
3,507,713
pfd. stock
CONSOLIDATED
3,121,384
285,266
tnet)__
7
....
Surrendered leaseholds &
Segregated cash
Loans
3,000,669
outstanding
shares
1944
\ 126,735
for
Reserve
•
$2,832,962
49,179
in¬
13,803,800
on
in
7 $929,198
charges
value
30
JUNE
ASSETS—
Investments—road
Other
Cr43,039.
debt—
income
future
1943
(after credits of $1,030,000 for debt retirements in 1943 and
$97,500 in 1944, and post-war credit of $270,000 in 1943 and $1,195,820
'
.
Depletion
246,864
deductions..,™
conting.
Net
.
_™
charges
on
461,596.
$1,851,479
>'•218,624
income
Miscell.
$2,313,075
$4,013,566
for
in
current
—
income—..."
Total
4,473,276.
$3,308,606
income
Total
$6,786,351
\
income
18,431,435
18,163
proximately
$2.80
and
.
income
Other
Net
149,834
v.-
oper.
ry.
31,520,117
17,236,413
Net profit
U.
Income
Crl5,006
,-f;
Net
28,691,358
48,961
&
♦Including Canadian and United
$1,117,670
$2.79
profit
(secured
income
oper.
204,280
Surplus
$9,324,779
of sales,
.Gross
-
$5,396,075
of
35,229,443
Common
working
net
a
u.
251,044
5-
profits taxes.
income
Earnings
were
sssets
94,899
of
for exchange adjustments
for
Dividends
282,800
365,300
t
•••■.
49,082,204
Dividends
1,221,391
^'4
18,133
(net)
»
1,126,212
Selling, general and administrative expense
Undeveloped
ry,
$4,305,110
capital assets-
connection
possible
ventory price decline
137,993
H-'-k
160,000
'
with issue
20-year 314% debentures.™,
Premium
paid for terminating
year
bank credit agreement
Jan. 24, 1944
-
share.
per
Sept.
7 7
operations ™™_l™
Ry. tax accruals..™..
in
Exp.
12,781,539
376,588
128,200
162, p. 982.
•;Vi•-it. C
,'w 1942
$13,647,883 $13,515,915 $11,720,716
9,342,773
8,119,840
6,793,064
depreciation
plan payments
Provision
63,296
.' '
!'
which'
undeposited'
1943
for
Provision
,12,675,784
5
22,000
320,000
861,164
Loss
State
&
taxes
of
25,392,303
22,000
executives
of
Loss
1945—9 Mos.—1944
/
4,254,764
28,599
' ?
364,685
™——
Fed.
income
As
25,791,889
lives
on
(net)
Canadian
(l
1944
.
29,355,105
22,000
insurance
1,024,503
-
..—
income
Net
58,877,611
cancellation
leases
for
5G2.943
58,489,562
58,314,663
officers
certain
Interest
'
of
1,151,907
Legal fees
$5,124,2.36 $15,346,417 $15,541,393
$5,057,040
4,150,732
expense'* 20,354
expenses
57,337,655
(Provision for contingencies
7?
Depreciation and depletion
$i
419,624
etc..
disets.,
income
\ Derby Oil Co.—Earnings—
ACCOUNT, YEARS' ENDED JUNE 30
1943
,
215,254,569
82,705,395
income,
for
•
-
:
273,569,232
remuneration
'
-
goods sold
$
321,230,764
Pension
ex¬
and oper-
sales
ating
Interest
'
1943
1944
400,054,519
317,768,748 263,893,109
freight & allowances)..
Provision
preju¬
first mortgage bonds .wherever resident.--
STATEMENT, YEARS ENDED JULY 31
past service credits.
bonds
funds
arrangements
of
of
Provision
Depreciation
meet
Embassy,
(less
♦Prov.
revs.,'
incl. other inc. credits
Liabilities/Avere
interest.
arrangements
Netherlands
to
during
Sell., gen. & admin, expenses
Sept.
on
Period End. Sept. 30—
V.
laws,
conditions
to
amounted
companies
cumulative
cancelled
Directors'
Rock Oil Corp.—Earnings—
Sales & operating
'<
and each holder resident in The Netherlands
position to determine whether to deposit -or not as-
a
each such holder deemed in his
The
tax
to
of
a
Deep
Net
control,
no
be
future
of
shares
and
Total
after dividends on the preferred stock re¬
net included $50,000 from the sale of real
nection with the Cuban moratoria laws, but that the sole
purpose of the '
representatives of The Netherlands Embassy was to make arrange¬
of. the
Cost
Delaware and its subsidiaries reported
30 a net profit of $51,463, or 21
of
Corp.
ended
Miscellaneous
free
subsidiary
/
$5,455,300.
1945
Sales
exchange.
in
9 Months Ended Sept. 30—
Net sales
available
be
to
our
of
Profit
r
•
holders
issued
rulings and
restrictions not imposed by the United States or the laws
of the
countries
where
such
holders
reside.
The
representatives
of The
Netherlands Embassy made it clear
that they were not approving
or
disapproving either the provisions of the new Cuban Constitution
or
the program that has been followed by the company
in con-.
would
amounts
sales
net
$
income
>
the company to provide assur¬
time the right of deposit under
open,
that United States
and
them,
Federal
for
non-consolidated subsidiary.
In the six-month period
of last year the net profit amounted to $51,019, or 18 cents a common
share.—V. 162, p. 1887.
remain
all
for
deposit
stock
share,*
common
income
discussions have been had with rep¬
Embassy.
The
representatives of
requested
reasonable
a
Procedure
funds
months,
and now
(Del.)—Consolidation Approved
Corp.
new
no
months
six
a
Prov.
Netherlands
The
provision
Davega Stores
the
.
It
countries.
providing
increased by $530,000 reflecting the purchase
cancellation of 5,300 shares of preferred stock of the par vaipe
CONSOLIDATED INCOME
purpose
estate
is believed that $6,068,000
principal amount first mortgage bonds are held by residents of such
foreign countries, of which it is estimated that in excess of $5,000,000
foreign
to $46,934,329 after
fund appropriation. '
th»
$4,705,300
was
$23.34-
which
and
deemed
many
of
amounted
and sinking
surplus
other charges.;
and all
Federal taxes,
meeting held on .Nov. 14, the stockholders, voted
the company's wholly owned Davega-City Radio, Inc.,
will be the surviving corporation.
with
cents
; *
i
,
•. ^
* • ;
.*
first mortgage bondholders who have not as yet
deposited their bonds, not because of their unwillingness, but because
of their inability to do so in view of war conditions.
Until recently,:
.the company could not even communicate with bondholders who are
originally contemplated.
There
$23.48
special
a
The
for
ot
Deposit became effective on
JNfov. 13, 1944.
The amendment provides that on each $1,000 original
principal amount Of first mortgage bonds deposited under the Pro¬
cedure
for
Deposit, an additional $156.28 be paid on account of
.principal on Jan. 1, 1945.
Semi-annual payments will be continued
beginning July 1, 1945, and If the Procedure for Deposit is carried
out, the original principal amount of the first mortgage bonds wlir
m
$397,433
$5.82
of the change is to eliminate annual recurring
penses necessitated by taxes and bookkeeping, it was explained.
1946.
Amendment No. 1; to the Procedure for
'
7
'v = C
},
82,285,771
York,
The
action of the
been extended by
has
\
with $1,057,210 for the corresponding period of 1944.—V. 162,.
canceled
board of directors to July 1,
^
$413,943
$103,311
Davega-City Radio, Inc., will change its name to the Davega Stores
Corp. of New York.
Twelve shares of the. New York corporation willbe issued in exchange for each ten shares of the Delaware company.
AH shares-of Davega-City Radio now held by Davega Stores will be
deposited
be
may
aH
preferred stock, 5% series, were pur¬
the year for sinking fund requirements
at
a
ct>st of $548,102, which amount was charged to earned surplus.
127,947 shares of preferred stock were outstanding at July 31, 1945.
<
*
of the above
bonds
before
income
merge
,
16.7%
and
year
Miscellaneous
total
the
from
represent
would
unex-r
' During the fiscal year our subsidiary companies sup¬
plied to the U. S. and Canadian Governments, or at their direction;
84,845,000 proof gallons of alcohol for war purposes.
All such sales
are
subject to review by the Governments under .renegotiation or
equivalent statutes but it is believed the results will not be materially
affected thereby,
1945—40 Wks.—1944
$70,593
depreciation.
Davega Stores
restrictions on
to
excluded
were
deposited
bonds
the
to
securities
of
movements
outstanding,
94.5
exceeded
1167.
p.
Bonds
Outstanding
*41.2
88.6
96.1
—
• -
.
last year.
$530,000
$7
on
interest,
compares
% of Total *
.
bonds
,
including
to
future
operations,
liabilities by $63,555,964^
$400,054,519.
and excess .profits
taxes for the 40 weeks ended Oct. 6, 1945, amounts to $1,212,826 and
Net
At
>
,
mortgage
and
chased
$4.17
share
per
preferred stock
.
New
Principal
Amount
$5,392,000
Improvement and equipment bonds
3,545,000
First lien and refunding bonds, series A__
3,158,400
First lien and refunding bonds, series Bi_ y
956,000
r
,/
First
$3,403,989
1945—12 Wks.—1944
Period End. Oct. 6—
4Net income—..--..a.
Procedure for Deposit
Original
and
assets,
chargeable
over
5,300
DEPOSIT
FOR
following bonds were deposited under the
close of business Oct. 4,* 1945:
The
.
items
$164,180,226
to
Consolidated
Cushman's Sons, Inc.—Earnings—
viously stated.
at
of
1638.
p.
other
current
^
has achieved the
to June 30, 1945:
placed on special
deposit for amortization of bonds deposited under the Procedure for
Deposit;
$692,000 principal amount of first mortgage
bonds and
$626,000 original principal amount of deposit receipts therefor were
acquired pursuant to condonation agreements and cancelled at an
aggregate cost of $640,712; and $2,463,023 has been set aside for
amortization of bonds not deposited under the Procedure for Deposit,
when and as such bonds are deposited.
Thus, cash funds have been
expended or set aside to reduce the company's outstanding funded
<3ebc in this period from $22,712,000 at June 30,
1940 to $16,250,268
at June 30, 1945, a total amount of $6,461,731, of which $2,500,405
represents the funds set aside or placed on special deposit as pre¬
following with respect to its debt reduction program
$2,643,326 has been expended and $37,383 has been
PROCEDURE
earnings
162,
and
consolidated
*
7Inc.,
Sons,
debentures,interest by the
•
1945,
insurance
fiscal
the company
provisions,
moratoria
certain
taining
$2,589,184
3,991,000
prof, tax
Seagram &
20-year 3 V*'w
principal
to
as
E.
its
increase of $10,069,650
and
259,671
1,403,000
tax—
taxes
guaranteed
of
Consolidated earned surplus was increased by $9,098,500 during
5,527,505
1,-955,500
168,016
$2,587,126
income
Reserve
Joseph
'
1943
7,553,987
1,558,250
238,553
3,168,000
8,240,796
review,
$50,000,000
.
-
amounted
$52,840,496 $50,424,129 $46,216,525
inc.
under
sold
1965,
1,
May
parent company.
As of
July 31,
an
Report—
President,
adoption
due
period
the
subsidiary,
S.
Capital
1944
1945
V
30—
operating revenue...—
Earn. bef. Fed. & State taxes on
Reserve
162, p. 780.
1944.—V.
and
U.
piled
$82,468,613 $61,056,526
77/1'. zx " • f- 77-7"-
-
During
a
for dividends
depletion and reserve for,
the quarter ended Sept.
respectively and $534,000 and $318,000 respectively
Brown,
the
Since
year.
15,869,978
;
653,302
6.000,000
4,405,258/
Subs.)—Earnings—
Curtis Publishing Co. (&
$233,000 and $52,000 for
Cuba RR.—Annual
v
on
the cumulative preferred stock, 5'/* series, is equivalent
common stock outstanding.
->-/
regular quarterly dividends totaling $5 per share U. S. currency
on
the preferred stock and four dividends totaling $2.22 per share
Canadian currency on the common stock were paid during the fiscal
$282,394 in 1946 and $272,051 tn 1944./ (Excluding
1946, which is included in "Funded debt maturing
maturing within one year."—V. 161, p. 2785.
,
and
r
The
45,388
50,321
•-
-
-
Reserve for Federal excess
■
58,473
1'—
....
j
I
dividends
payment due July 1,
including depreciation,
charges
amounting to
1945 and '1944
the nine months of
30,
lor
*
$37,762 ,,,$437,222.
$0.04
$0.46
$191,591
profit
'
.™™
„™
..J.™—:
Total
1945—9 Mos.—1944
1945—3 Mos.—1944
Sept, 30—
Period End
6,121,820
Corp.—Earnings—
rt Cuban-American Mangranese
'
companies
'
net
Consolidated
"to $7.50 per share on the
'Less reserve of
•pry. 162, p.
;
•
....
liabilities
Re-
profits for the fiscal year ended July 31, 1945,
after
absorbing all selling, advertising and administrative expenses
and
making provision for all accrued interest on funded debt and
accrued taxes, amounted to $13,803,800 which amount, after deducting
1,720,825
1,769,867
..- 316,521
s *761,611
1.361,725
3,261,116
381,113
,
16,101,250
Donated property—Trinidad branch
•
653,302;
Appropriated surplus
:—™~
.
6,000,000
Earned surplus, incl. subsidiaries—7,260,007
$31,330,898 $31,169,679
—
maturing within 1 yr.
Unadjusted credits
,
7,811,055
4,831,592
:
—————
„
4
—
—
accruals
affiliated
to
419,009
Ltd.—Annual
i
Sanruel Bronfman, President, Oct. 16, said In part "as follows:
v
'
: 282,542
792,464
464,911
298,066
1.010,992
liability—
Due
Deferred
2,190
8,234,865
5,471
—
Unadjusted credits
Earned deficit
tax
Sundry
52,100
229,616
227,171
18,502,502
pprt—
19,800,000
-7
1,569
323,681
7 279,759
accrued——
interest
debt matured and
Funded
10,763
66,631
companies——;—
Accrued
688,668
10,951
————
liabilities
Deferred
maturing
and
115,489,558
-——:
balance
service
car
Unmatured
260,533
602,807
within one year
matured
_
affiliated
to
106,219
276,505
year—
one
63,855
♦
263.537
—
——
debt
long-term
within
44,993
51,055
$10,000,000
debt
and
Corporation-Seagrams
Distillers
:
($100 par)—$10,000,000
no
par)—...
19,800.000
shares,
(700,000
payable.—
Audited accounts and wages payable.*——
Miscellaneous accounts payable
Interest matured unpaid:—L—
—
Traffic
86
261,953
Funded debt matured & matur'g
Other
'
60,646
131,511
——
accrued
interest
Unmatured
1,164
payable—
accounts
matured
Interest
'••>/"
stock
Long-term
461,153
424,573
i
preferred stock
non-cum,
Common
12,959,954
12,243,965
and wages payable—
accounts
Audited
Miscellaneous
6%
$14,000,000 $14,600,000
Monday, November 19, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2390
2014.'„
Control;
.
$1.12
~~
rmz
»
£ Volume * 162
•
12 Months
•Net
Ended
income-
tEarnings
• After
V1,
Sept.
requirements
class A
on
p. 780.
Federal
stock
and
'
.
'
162,
2014.
p.
f&sxi) ......l'v
-
;•
Period End. Sept. 30—
'
Operating
'
i-A
'
: <
"
$2,454,959
Gross
$1,450,481
77,923
f. 54,979
.$0.35
$0.22
79.981
$0.36
' V-
'
j,
''
$2,267,976
$2,279,365
1,754,451
and
£'■
allowances
$364,701
to
miscellaneous
income,
$524,914
-
etc;)—..
6,819,727
43,607
45,661
637,766
149,422
137,620
1,846,313
1,832,058
u\-VVH
v'
525,600
$11,413,126
241,288
$304,588
taxes)
-Sales
$179,886
$2,429,915
27,129
316,696
:
per
No.' of
§tores
share.
com.-
414,809
397,308
$0.96
$0.91
$1.97
-
591,573
-
$1.47
'
25,579
«■.
■
304,987
...
"After
>
Balance i—
Retire, res. accruals
$216,269
$207,015
$2,746,611
61,800
.
63,255
728,475
«—V.
$2,653,482
in oper..-.
" •
'
89
.i: 71
*
,73
.«
76
charges and provision for Federal and state income taxes.
all
162;
costs
Oct. 3, '42
,
the
to
expenditures
reconversion
for
Gross
income
$154,439
$149,760
$2,018,136
35,887
37,272
438,200
Interest &. amortization
deductions—__
'160
does
after
not
stock
by
the
the
first
sums
represent
to
was
income.
of
months
the
unusual
of
42
cents
As
w."
reserve
earned
share
per
tho
in
1945.
circumstances
which
affected
factors
The
of
also
affected
effect
net
reconversion
the
after
taxes
to
results
reported
increase
was
of
utilizing
income
the
by
for
the
to
reserve
nine
absorb
equivalent ©f
the
42
cents per share of common stock.
In
addition, the sale of GenerAI
Motors holdings in the National Bank of Detroit during the first six
■'■i months of 1945 increased earnings by 21 cents per share of common
stock.
Excluding these two items, the amount earned on the common
"
,-stock
the
Freeport Sulphur Co.—Earnings—
Period End. Sept. 30—
478,900
in
the
first
For
the
nine
first
stock
common
months
nine
of
1945
months
amounted
to
of
equivalent
was
1944
net
$118,113,639,
18,119
$1,560,772
$1,397,362
."Profit
—.I—$1,607,680
Federal
f;
Balance
• $118,421
deductions:
__—
Prefetreed
dividend
B. V. G. & E.
•
Co.
$106,488
i
inc.
and
$77,652
$77,652
$1,483,120
$1,319,710
•____
Applicable to minority interest
Net
-
22,317
profit
$1,460,802
$1,300,254
$1,460,802
E. U. A.
Total
1_
L
$1,300,254
201,385
earns,
$1,662,187
Ebasco Services
$2.57
to
per
available
income
equivalent
for
$2.68
per
*
to
Power
1944
&
&
Light
were
Co.,
Power
&
Compared with the
as
follows
as
Electric
thousands
(in
of
Light
American
National
and
Corp.
corresponding
for
&
"
Electric
Power
National
&
Power
&
Light
Co.
week
during
jpccrcctsB
Amt.
166,566
1,030
8,740
9.2
the
system
162, p.
cents earned
1945—Month—1844
,J3ales
$4,425,584
—V.
162,
Inputs
of
jx
,
.
:
.
2270.
results
$3,594,232 $42,928,639
■!'
the
of
JCosts and
Operating
V-n-rr-
13,604,263
profit
$1,489,119
56,544
*
•
62,099
Total
?
—
$1,258,131
89,633
taxes
.
for
Federal
income
on
'
and
$2,486,937
66,719
30,426
44,209
200,000
>:Prov. for post-war rehab. & conting.
Inter-Co.
comm.
earned
60,044
34.387
expense
$1,551,218
—
263,000
667,000
______
J__
Cr44,653
foreign
(est.)
860,000
681,800
1,260,574
-
'
Net- profit
^Earnings
<
**
♦On
life
f$318,763
$315,949
$448,434
$1.31
$1.29
$1.83
share___
244,191
insurance
W| £
-"
per
shares
capital
stock,
$5.
par
received.
.
.
.
of
due
(after
reserves
refund bonds,
and dies and all
Jan.
ij 1946*, $144,548; expenditures for tools
;; other charges to be billed to customers, $16,306; advances to logging
contractors, $118,773; inventories, $2,499,077; investments and other
assets, $47,814; timber lands, at cost, less depletion, $1,742,565; prop; orty,
months
less
plant and
equipment
(net), $2,772,71.7;
patents
deferred charges, $190,074;: total, $12,657,456.
$139,005;
'
for price redetermination
reserve
of
stock
$5),
(par
'i'i
'
$1,220,953;
total,
■
.
capital
$12,657,456.—V.
"
'
surplus,
162, p.
;
;
■
1944
ij "•./
'
■
Net
$1,055,901
$1,017,814
I.'■
20,584
$437,008
111,571
106,784
140,043
108,795
$198,835
$190,181
32,638
'
i,
•
-
:r
Series
preferred
B,
dividends
i Common dividends
s
1,,
t
32,638
-
9,375
,
.
„
ASSETS—Cash
.^chattel
(
on
mortgage),
S900.000;
value),
9,375
99,180
-
_
U*
Surplus
:*706,882;
"'
99,180
—.
I-
-
'
$57,642
notes
hand
and
$12,961,934;
receivable
In
bank,
United
(investment
-
$1,736,516;
,
this
has
1945,
$7,793
receivable
States Government securities,
certificates) contra (net), S3,-
other
assets,
$15,440;
furniture
and
fixtures
(depreciated
$167,317; deferred charges, $116,209; total, $19,604,299.
;
*
LIABILITIES—dividends payable,
employee thrift
accounts,
$454, 797;
$141,193; notes payable, $3,700,000;
employee deposits for purchase of
war
saving bonds, $2,135; sinking fund payment on debenture bond
"(flue July 1, 1946, $100,000; accrued interest on debenture bond, $21,313;
first
1944
materials
war
Commercial
Total
Products
$123,482,789
$1,022,693,175
849,871,595
-142,360,053
992,231,648
448,031,335
140,955,710
588,987,045
$2,197,113,316
$406,798,552
$2,603,911,868
$2,964,723,350
$294,470,885
$3,259,194,233
w—.
effect
The
subject
Net Sales
V
of
excess
that
the
LIMITATION
and
sound
as
this
of
amount
the 41%
the
of
the
reason
June
previous quarter and $333,028,752 in
the first nine months
of 1945 total
the
In
to
Miotors
with $1,047,226,616 for
-
.
.
' ,'
_
had
terminated
available under its V-Loan
hostilities,
and in
view
the
Revolving bank credit that has
Credit
- With
the cessation
financing facilities avail¬
Agreement.
of the termination
the obligation of the banks to extend credit to General Motors#
which will become effective Dec. 15, 1945, has been made in accordanc#
with the terms of
the agreement which permit the
corporation to
'of
\
-
credit
terminate the
The General Motors Credit
1942, and originally was to termi¬
'
1
-
90 days' notice.
upon
Agreement became effective Oct. 31,
;
nate
Feb.
J
*
'
.
original amount of revolving bank credit available under this
Agreement- was $1,000,000,000, which was reduced to
The
;
1946.
28,
V-Loan-Credit
The maximum amount of actual
$500,000,000,. effective, Jan. 31; 1945.
borrowings under the agreement was $100,000,000 but
been outstanding since June, 1943.
^
•have
.
.
>
1945—9 Mos.—1944
1945—3 Mos.—1944
$
$
:_____ 588,987,045 1,034,405,822 2,603,911,868 3.259,194,235
373,680
1,866,028
402,252
"Corp.'s equity
jDr467,166
sales
Net
'
borrowinga
no
.
OF CONSOLIDATED INCOME STATEMENT
SUMMARY
Per. End. June 30
sale of
Profit from
corp.'s hold'gs in
Nat'i
Bk.
tOther
of
13,957,787
Det.
3,421; 188
6,142,554
1,036,864,987 2,621,664,523
3,267,202,811
2,056,913
472,236
income____
taxes
588,992,115
Cost of sales (excl.
for deprec.)
prov.
Sell.,
tCost
878,262,084 2,219,405,197! 2,746,465,928
521,487,417
adm.
:
22,996,539
&
gen.
expense
of
67,030,525
*72,831,541
23,328,429
post-war
reconversion
'
24,026,800
—
•;
,lv-vT
.<
/--'f
\
V
24,026,800
for:
Provision
■.'v
-
••
*-
•
' <A'
,
%
'
4*.
♦*[•"'
Deprec. & amort.
as
of real
estate,
plants,
&
in each quarter in excess of the total
set aside and credited to the reserve for retroac¬
adjustments. - As of Dec. 31, 1944, that reserve
which, upon completion of the renegotiation dis¬
the Government.
At the end of the first quarter
SRetroac.
been
•
at
revised
1,552[000
bef.
Bal.
2,214,000
62,877,000
123,977,000
statement
of
longer
income
for
the
required.
months
six
$42,227,409
•
$123,722,367
24,026,800
no
'
if."
special
$12,764,984
was
6,455,000
prof.
the established profit margin-
1945,
'
8,809[000
bonus
foreign
price and other adjustments contem¬
below
30,
June
&
S.
inc. & exc.
the profit
the third quarter,
72,363,000
12,127,000
adj.
Cr9,612,000
Employees
U.
47,126,060
48,892,618
15,889,065
15,776,375
eqp.
price
& other
1945, it was
and on June 30,
reduction in volume in
necessary
com¬
able under tl)e Contract Settlement Act of 1944, the purpose for which
the V-Loan was negotiated has been accomplished.
This termination
was
Renegotiation Act
the
under
J
.
,
decline
General
been
profits
for retroactive
reserve
as
$302,067,087 in
quarter of 1944.
Japanese surrender.
-i
a
all financial reports during the
reasonable
,
-
1A employment- and -pay rolls between the second and)
third quarters reflects the heavy cancellation of war contracts after th*
will
Stockholders
POLICY:
This compares with
1945.
rolls in the third quarter of 1945 were $213,445,553,
a
policy,
was
to
The
.
an
total
the corporation's pay
411,385 for tho
of 319,870 employees on
$838,680,561, compared
the corresponding period a year ago.
J 1
'
'
adjustment had to
profits taxes accrued in the
Therefore",
was
tax
average
with
/ * „»
profits
excess
an
rolls amounted
pay
excess
the
to
was
the third quarter of
third
the
separately for the purpose of
.
months.:.
months...—
nine
pared
,
income
an
'
months..
amount
been made in
202,765,000
j-
$124,997,304
24,026,800
For
;
$36,791,784
$42,227,409
$147,749,167
$124,997,304
2,294,555
V: -2,294,555
6,883,665
6,883,665
' r
stock $34,497,229
$39,932,854
$140,865,502
$118,113,630
44,055,113
44,023,551
44,021,958
ended
stk.—
Diy. on pfd.
1945, makes no provision for retroactive price and other ad¬
justments.
This has the effect of increasing income subject to taxes
30,
$5 series--—.
'
by $29,927,000.
"Reference
the
to
the first
taxes for
table
indicates
below
six months,
as
revised
the
by
charges
Amt.
for
income
to
well
taxes as
excess
as
V
'
Aver.
profits taxes.
'First
six
Third
months
■
:
£
^
month8a_.:-»_: $123,977,000
and
Inc. Taxes
•'
$74,416,000
$59,173,000-
10,931,000
$38,630,000
$85,347,0.00
•Reduction in taxes-.
-
^
ters
for
active
income
on
the common
$1.94
368,273,
per
or
$2.42
to
•
in
profits
the. first
six
stock,
TO
and
months
the
amount of
,
$2.68
$3.20
the
third
$1,854,641
(dividends
the
third
and the nine months ended Sept. 30,
1945.
$5,127,725 for the third quarter and the nine
less sundry Income deductions. tCharged
post-war contingencies and rehabilitation, created by
quarter
and
reserve
for
30, 1944)
of
1945
previously
stock.
from
$85,184,273,
reported,
RECONVERSION:
to $106,-
with
f
This
was
charged
,
will
against earnings
connection
of reserve
the period
Corporation's profit for 1945 on war material contracts
to review and possible adjustment through renegotiation
Government, as provided under the Renegotiation Act.
It is
[not possible to determine the effect of such renegotiation on tho
above summary of consolidated income.
Under the corporation's war¬
NOTES—(1)
lis
Stockholders
advised in wartime reports that during the years
a reserve for reconversion in the
$76,051,805.
to income in prior years.
§Which may arise in
renegotiation of war material contracts. ' ^Portion
for post-war contingencies and rehabilitation utilized during
to absorb costs of post-war reconversion.
charges
provision
as
share of common
INCIDENT
were
taxes
1942 and 1943, there was set up
aggregate
.
t
excess
of common
per
EXPENSES
recall that they
1941,
stock
share
^
$0.90
$0.78
-months ended Sept.
for retro¬
price and other adjustments was to increase the amount earned
or
"(c)
and
^
quarter and the nine months ended Sept. 30, 1945, and $105,645 and
$963,974 for - the
third quarter and the nine months ended Sept.
30
1944).
tlncluding dividends received of $1,426,827 and $4,883,415
"for
"The net effect of adjusting the accruals made In the previous quar¬
,
-
44,062,367
earnings (net) of subsidiary companies not consolidated
interest received amount to $71,188 and $846,130
for
and
First nine
-
share
'
Cr20,543,000
"CrO,612,000
com.
outstdg..
vAmt. earn.per com.
U. S. & For.
(revised).: $133,589,000
quarter
■
.
U^ S. Excess
•v>i;.v-:v
Taxes
•-
on
"In
1945
IN
Profits Taxes
Total
v
of
no.
shares
.
SUMMARY OF TAXES ACCRUED
•
earned
common
net increase of $6,389,:
a
000, And the charges for the third quarter as well as for the first nine
There are included In these figures the combined nor¬
mal income tax and surtax
at
the rate of 40% and foreign income
-months of 1945.
9,375
1945
notes
of
Products
Total pay
excess of certain
sales for the nine months was
hence
-
$48,988
SEPT1 30,
deliveries
Motors'
General
the corresponding period a year ago.
123,975
—
of
'
'
1
CONSOLIDATED BALANCE SHEET,
:
,
with
dealt
—
Net profit
A, preferred dividends
,
Series
total
earnings
$173,781
32,638
I
be
six
V 127,721
144,963
X
of
to
'previous quarter and with 461,707 for the third quarter of 1944.
At tho
(
end of the quarter reconversion employment had passed the low poirtt
and was headed upwafd.: During the first nine months of 1945 the
/"average number of employees was 385,027, Compared with 476,906 for
exclusive of the unujsual adjustments
earnings
The
price and other
at $61,700,000
"Due
on
$410,296
Income charges
,
'
582,894
taxes
of
mohths
six
paid to
of this year the reserve was $17,07,4,000
$29,927,000. i
'
,,:4 21,746
560,221
—$455,368
^
regular
amounted
1945
$899,210,386
nine
There
for the nine months was reduced below the
which had been provided against the first six months profits.
against
cussion,
\
income
''
"
,
the
stood
$1,014,935
23,109
577,424
Income
:V
tive
1943
expenses
dividends
After
of
.
1945
Jlntere'st-instalment ctfs——
Operating
"*
paying
quarter
rolls in
last
application of the corporation's profit limi¬
the
of
permitted have been
•
*
first
"
months.
"Under
.
// t
.
(Including Wholly Owned Subsidiary Corporations)
'
the
For this reason there is presented
quarter
will
iirst
PROFIT
plated
•-
1944.
stock, net income available for the common
months
s.
quarter
First
Of
*
in
for contingencies to absorb costs
reserve
tax on profits in
a
the
Government
earned surplus,
gj Family Finance Corp. (& Subs.)—Earnings—
3 Months Ended Sept. 30—
Gross income collected—
GM stockholders.
426,000
stock
applied to the years 1942, 1943 and 1944.
This policy has
guiding principle in General Motors' determination of profits.
1888.
'
than
more
common
recall that
war to the
wartime profit limitation policy of the corporation.
A return on sales
well below the peacetime
profit margin was established in 1942 by
; corporation policy as a proper measure of wartime profits. The amount
of profits permitted by this policy was accepted subsequently by the
war
$1,351,729;
(b)
reduce
to
six
"(b)
licenses,
and
nine
per
fc) accounting for expenses incident to reconversion.
amount
in
made
amount
contracts, $102,424;
foreign and state taxes on income—estimated, $19,144; Federal taxes
©n
income and
reserve
for
renegotiation—estimated
(neti, $315,800;
portion of long-term, indebtedness maturing prior to Oct, 1,
1946,
$322,100; long-term indebtedness, $394,500; reserves, $579,957; capital
C$3,649,580;
than
-reference
LIABILITIES—Notes payable to banks (under regulations, "V"), $2,"700,000; other notes payable, $44,549; trade accounts payable, $1,493,864; payrolls and payroll taxes, $287,855; miscellaneous accounts pay¬
able, $35,998; accrued i*oyalties, taxes, commissions and other expenses,
£
cents
78
months,- the
third
factors
as
the
charged
$64,801';
i
defined
be
cost, $42,616; trade accounts and notes receivable
$130,366), $1,771,875; excess profits tax post-war
the
these
of
first
ASSETS—Cash on hand and on deposit, $2,746,290; death benefits
receivable, $500,000; marketable securities (Dominion of Canada bonds)
;
nine
quarter
First
>
.profits tax -might
base earnings. The
earnings credit allowable by law for calculating the excess profits tax
is based upon the average of the profits for the four years 1936 through
1939.
In calculating quarterly provisions for excess profits taxes this
earnings credit is prorated, and allocated, one-fourth to the first quar'ter of thd year, one-half to the first six months, and three-fourths to.
the first nine months.
The difference between actual profits before
taxes
for any
period and the allocated excess profits credit is the
amount of profits subject to the excess profits tax at the rate of 85Vafa.
In the third quarter of 1945 the profits subject to taxes were less than
the
applicable excess profits credit.
This meant that in the nine
.
.
equivalent to
Motors,
"(a)'THIS EXCESS PROFITS TAX:
CONSOLIDATED BALANCE SHEET SEPT. 30, 1945
.
six
making them clear.
$293,404
of
tExclusive
pro¬
first
30, 1945, amounted to nearly $12,000,000,000) are shown below:
1945-^
Third
^
third quarter and the first nine
In view of the tact that such circumstances# at least
profits tax;
excess
be
profit
Provision
28,089
,
after
the
for
$124,997,304
War Material
a
tation policy and
$2,458,848
—
Miscellaneous deductions
Loss on sale of plant
~
;
and
income
compared with
of
months
first
of
$123,977,000,
$147,749,167,
'
>
'allocable to the first six months operations, and an income statement
.for the nine months ended Sept. 30, 1945.
"There are three unusual factors: (a) the provision for the year's
11,649,911
10,110,388
$1,201,586
-
Interest
f:
'
$14,805,849 $11,599,507 $14,108,759
expenses
Other income
.
*
1943
1944
v
•Each
??!£:
General
the
on.
first
for
statement
■
Evans Products Co. (& Subs.)—Earnings—
1945
of
these circumstances are and why.
revised income statement for the
$35,773,924
■
9 Mos. End. Sept. 30—
Gross sales
$0.26
before
but
in part, may be expected to continue and affect reported earnings well
into next year, it is important that stockholders understand just what
.
1945—10 Mos.—1944
'■
.
' $0.51
"
depletion
and
-also reported:
•
"A very unusual set of circumstances arose, as a result of the termi¬
nation of the war, which importantly affected the reported financial
com-
any
third quarter as
1888.
p.
of
to
the preferred
cumulative
at Sept,
—
quarter, 36 cents
share represented the results of operations and 42 cents per share
months of 1945.
Period End. Oct. 31—
.
212,273
that volume of sales dropped importantly in the
result of the termination of the war.
The decline
1945 was from $992,231,648 to $588,987,045,
,or 41%.
Before deducting: the provision for taxes, profits resulting
solely from current operation dropped about 70 Vc.
But, Mr. Sloan
Edison Bros. Stores* Inc.—October Sales Up 23.1%—
p
items
unusual
amount
Deliveries in the first, . second and third quarters and In the
nine months of 1945 in comparison with the first nine months of
-from the -second quarter of
9.5
9,260
include
stock
common
,
0.6
92,207
101,040
periods.—V.
depreciation
162, p. 671.
the effect of utilization of the
"of reconversion."
,r
91,780
-
including
Chairman, reports to the
78
per
Pet.
83,467
The above figures do. not
panies not appearing in both
charges,
410,771
Mr. Sloan reported
1944
165,536
Light Corp
Light Co.
the
;the
kilowatt-hours):
1945
S0.22
—
all
for taxes.—V.
the
(the
35,618
$0.04
nine
on
for
Second
Jr.,
,
Power
the
the
in
amounted
$140,865,502.
^equivalent to $3.20 per share on the average number of common sharea
£ outstanding during the first nine months' period.
'
.
180,833
paying regular dividends of $2,294,555 on the preferred stock,
(there remained in the third quarter of 1945 net income of $34,497,229
,
-
Operating subsidiaries of—
$2.36
General Motors Corp.—Third Quarter Report—
■
•r
$1,890,282
$3.20
first
stock
share on the average number of common shares outstanding, compared
.with 90 cents per share for the third quarter of 1944, Alfred P. Sloan,
Inc.—Weekly Input—
Light Co.,
$2,564,065
$0.78
1945
After
For the week ended Nov. 8, 1945, the System inputs of client operat¬
ing companies of Ebasco Services Inc., which are subsidiaries of Amer¬
Power
Including
taxes
of
$6,883,665
First
*;j.
ican
'
Cuban-Am.
share
•After
138,706
$1,393,915
of
-
reserve
2270.
p.
$624,420
Manganese Corp. incl.
$1,532,622
156,713
$1,505,474
162,
1,049,000
$1.24
share
,ln net profit
f
232,368
—"
V-7V
-V.
for
the
for
,
1,562,000
v
company's, net
Per
•
Expenses, taxes and interest.
income,
viding
months
$2,939,282
$994,680
per
19,456
_
EASTERN UTILITIES ASSOCIATES—
Earnings of subs, applic. to E. U. A. as above—
Non-subsidiary income
(
,
,
404,000
613,000
'
Portion of
j
C
$4,126,065
excess
profits taxes
-
Earnings
r{:r
1945—9 Mos.—1944
$1,028,420
-
Balance
Applicable to
Net
1945—3 Mos.—1944
-
19,163
a
the
amount
the
increase
equivalent
nine
up
taxable
profits taxes of utilizing
excess
reconversion
'
$1,894,382
in
credited to income.
The expenditures represent
taxes, whereas the credit to income due to
share.
Miscell.
..r
'
878.
p.
amount
reserve
of
foregoing
"share.
759,100
;
the
common
Unusual
Oct. 2, '43
of
costs
imonths.
$33,062,278 $31.6^4.699 $31,685,708
747,343:
;
________
Earns,
$2,348,494
Oct. 7, '44
$43,016,102
"Profit
..
$190,689
'Oct. 6, *45
*
Theso
computing Income
ment for that period,!*
>
''v- i'
in
profits
-the accounting In the first six months, the third quarter and the first
nine months of 1945. Tn view of the substantial adjustments applicable
;to the first six months, It was felt advisable to revise the Income state-
220,326
$123,413
,F«od Fair Stwesr Inc. (& Subs.)—Earnings—
40 Weeks Ended'**-
the
"The
■
deductions
Therefore,
for
the net effect
absorb
third quarter and
periods
.
1945—12 Mos.—1944
$930,685 $11,733,722
•
inc.
to
In
was
deductions
reversal
result,
including
expenses
nonoperating
profit before provision for Fed. taVes
—V. 162, p. 456.
6,706,973
■_
'the
on
sales
administrative
applicable
equivalent
allowable
3■:
sold, fncl; freight-on shipments-^-1,903,275
>
allowable
not
were
profits taxes.
the third quarter
;
1944
less discounts
and
expense
(less
567,516
/.
•r
Co.—Earnings—
Net
530,450
[
sales,
Selling
-
Subs.)—Earnings—-
$914,170
'i Maintenance
{o
total,
V,-
*
,
served to reduce profits by the same amount.
provisions
excess
for those years were re¬
duced because taxes had to be
paid on income which was greater than
the reported income.
During the third quarter reconversion costs of
$24,026,800 were charged against Income.
Since the reserve mentioned
above had been established to absorb these costs, a portion of tho
$909,-
L.
(&
1945—Month—1944
'?}s'%vninky':-\" "
".
'•
'
•v.'V- wkrlNet oper.
revenues—
/ '
Non-oper. inc. (net)_._
%
stock,
$1,878,317;
common
surplus,
1945
Gross -profit- oh
-
"-ft*.
.......
lincl.
earned
'
1280.
p.
$500,000;
B,
9 Months Ended Sept. 30—
(Cost of - goods
1943
revenues..^..
Operation
t Taxes
series
$2,896,006;
Florida Portland Cement
3#
"
,
$2,273,893
•
•
stock,
surplus,
1•' .N"
#
In those years and
reserve
.'and
reserve
1944
Eastern Utilities Associates
"
,
Subsidiaries)
profit after taxes and charges.
preferred
capital
y/$19,604,299.—V. 162,
J
1945
-
..% Earnings per share™-—V.
162,
reserve
\ $1,740,710;
149;
taxes estimated
1945-46, $144,963;
items, $329; 10-year 2%% debentures due July
investment certificates issued, contra (net), $3,for contingencies, $47,536; preferred stock series A,
accrued
$3,000,000;
,
"
(Including Wholly-Owned
sales
''Net
$1:99
,
'.4,S.;*.V'V- I*1'*'-'.V4:V;'*rr\ >Vt;¥.;:V"
Years Ended July 31—
Net
,
1951,
T 70G.882;
dividend
tAfter
202,660 common shares.-r-V.
on
,
iC;/
.
f"
$849,924
$2.20.
.
tax.
Duro-Test Corp*.—Earnings—
r
■
.
profits
excess
1,
.
2391
taxes,:-$360,969;. income
miscellaneous
1943
V $891,707
$2.40
'
--v?
including
"
1944
M $932,696
aocrued
M
1
-
1945
share
per
*
<
30—
___
taxes
v•-
]
THE COMMERCIAL & FINANCIAL CHRONICLE
4439
Dixie Cup Co^—Earnings^--
!:
■1
.
rt Number
by
subject
the
time
profit
limitation
policy
it
is
considered
that
no
provision
is
THE COMMERCIAL & FINANCIAL CHRONICLE
General Steel Castings Corp.
9 Mos. End. Sept. 30—
Y
from
Profit
1942
1943
1944
Y,
*$5,149,225 $12,703,362 $14,791,582
*$4,916,534
t Depreciation
Heyden Chemical Corp.—Earnings—
(& Subs.)—Earnings—
^
1945
operation™
W
1,257,563
1,547,312
1,527,719
1,255,789
Monday, November 19, 1945
■' ./
'
Other Income
of
8546,079
Federal
prof, tax
1,696,639
72,940
contingencies
for
$2,314,752
8,705,204
& administrative exp.™
™™™™^.—™™$3,200,277
U.
S.
Govt,
069,948
fee
contract,' purchase
profit
$1,042,604
"After deducting post-war credit
of
$763,825
Total
etc;^3v^-
^ ;^322.29$vX/-292,341
$3,522,375
„™*™__
——
Discs, allowed, experimental: and research and
miscellaneous expense
™r™™™„™™™™
for
contingencies-'
for
Federal inc.
Post-war
refund
special plant facilities of $370,653 in 1945, $617,262 in 1944, $652,in 1943, and $340,053 in 1942. *After deducting estimated provision
Net-income
106
for
deducting
V.
1945
30—v/
for depreciation
™_™._
Provision
v/'•
.
.
•
26,250
1,719.047
Crl35,499
'
$834,353
Y
$1.58
™™„„™„™-
9 Mos. Ended Sept.
earnings are subject to adjustment which will
result from shortening
of the amortization period for special plant
1 acllltles
under
the
Presidential Proclamation
of Sept. 29,
1945.—
NOTE—The
excess
&£%
/
428,806
27,000
2,411.801
profs, taxes...
profits taxes___—■_
exc.
Net income per common
NOTE—Included in the above statement of income
-1!After
renegotiation of Government contracts. SIncluding surtaxes.
$210,278 debt retirement credit.
of
&
$2,711,041
249.420
Provision
tlncludes amortization
of $795,200.
847,098
:
$2,418,700
cost-plus-fixed-
discounts,
Provision
Net
1944
$11,971,002
8,901,603
•
™-
'
$1,766,874
r™
1945
$13,071,828
allowancs™„«
Gross prolit
Pee derived from
450,000
78,684
™™-,..™™
> i
:'//■■
Sept. 30—
returns and
less
sales_„
Selling, shipping gen.
584,202
964,000
9,807,000
371,483
8545,220
U,892,506
326,769
excess
State taxes
460,271
565,900
*7,156,800
215,500
450,000
taxes™
Income
'
Including Wholly Owned Subsidiaries >
»
38,057
7,174
-
$3,651,718 $11,163,224 $13,572,077
$3,685,031
interest
Federal
Proy.
-30,212
24,286
™™
Profit
Bond
$3,621,506 $11,156,059 $13,534,020
$3,660,745
_™™„™™_.,_
sales
Gross
Cost
Profit
'
9 Mcs. Ended
are
$672,438
$1.26
the following:
1945 /
,
1944
$263,493 "
Provision for amortization of war
facilities
■>
$246,568
.
210,747
181,304
For
the
quarter ended Sept. 30, 1945, net profit amounted to
$236,302 after charges and Federal income taxes, equal after preferred
dividend requirements to 43 cents a common share.
162, p, 1889. '
Georgia & Florida RR.—Operating Revenues—
,
Period—
1945
Operating
—V.
Humor Corp.—Estimated
Good
'r:;
'''
:
Earnings—Dividend—
of
The agreement has been approved by the
stockholders approved the
C. E, Jamieson it Co. is a manufacturer of various
pharmaceutical products for its own account and for the account
of others.—V. 162, p. 2148.
"
ntet earnings of • the corporation for the year 1945
slightly in excess of $270,000.
The directors declared a divi¬
dend of 60 cents per share which was paid Nov. 9, to holders of record
5, 1945.—V. 160, p. 2071.
Grand Union Co.—Sales Rise Sharply—
(The)
Period End. Oct.
27—/;
$4,353,719
—V.
162,
,
1889.
p.
Greenfield Tap &
Die Corp.—Calls $1.50 Stock—
G. Millar, President,
on
Nov. 9 announced that the cor¬
has called for redemption on Dec. 6, next, ail of its out¬
standing
$1.50
non-cumulative
convertible
preferred
stock at the
redemption price of $32 per share
Each share is convertible into
two shares of common stock at any time before the close of business
Dec. 5, 1945.
Payment of the unconverted portion of the preferred
stock will be made at the office of the corporation In Greenfield, Mass.
in
Cents
Sixty
Cash
5%
and
The
have
directors
in
Stock
payable
25
was
to
20
cents in
Dec.
declared
holders
a
cash
and
of
5%
stock
dividend
Dec. 10.
stock on Dec.
In
5%
and
a
divi-
cash
value, both
payment
1944, while oh
no par
record
The
30,
last
■
Dec.
1943
20,
stock
the company paid 50 cents in cash.
*
v
semi-annual dividend of $3 per share on the $6 preferred
usual
The
of
record
no
value
par
20.—V.
Nov.
162,
declared, payable
also
was
Dec. 1
to
holders of
1889.
p.
.
of earnings for interim
periods should not be made without giving consideration to differ¬
ences in methods of accounting and tax computations.
;
In the year 1944 earnings did not enter excess profits brackets until
the
month
of April
and, consequently, were made subject to the
higher rates from April through Sept, and full excess profits credits
used in the nine months' report.
For the year 1945, however, with
the
expectation that total earnings would be subject to the higher
rates, both normal and excess profits taxes have, been computed on
a monthly pro rata basis from the beginning of the year,
The effect
of this computation is to spread the excess profits base credits oyer
the entire year, thus helping to equalize monthly profits or to cushion
monthly operating losses.
„1
Y
1
The precipitate decline in volume of production resulting from the
cancellation of practically all war contracts caused an operating loss
for the third quarter, yet for the reasons just stated a comparison of
the earnings reported at the end of the second and third quarters
would indicate a profit for the latter period.
Another influence on earnings comparisons is the fact that a year
ago the sum of $250,000 was set aside as an addition to the company's
reserve for
contingencies./ No similar charge has been made against
earnings for the current year.
The third influence on these comparisons is the deduction of $126,000
from
earnings
to
cover
the
estimated
pro
rata
contribution
which, the company will make to the profit-sharing plan and trust
agreement for the year 1945.
Since the plan was not adopted until
the
letter
months of
1944, no similar charge was made against
earnings until the final quarter of that year.
,
*<
;
If
earnings for the nine months of 1944 had been computed on
the same basis as employed this year they would have
been $468,568 instead of $309,243 as reported and as compared with current
earnings of $318,493 now reported.
■ '
''/■'■/>
The
-
dend of 60 cents per share on .the common stock,
,
Richard N. Greenwood, President, states:
Common
on
'
.
companies and Jamieson's
Hey wood-Wakefield Co.—Earnings—
Donald
poration
Shares—
both
.J. NOTE—-For mechanical reasons it it not always
possible to arrange companies in exact - alphabetical
order.
However* they are always as near alphabetical
position as possible, ■ ;
1945—34 Wks.—1944
$3,810,938 $33,404,819 $31,960,800
1945—4 Wks.—1944
Sales
of
proposal Nov. 7.
be
Nov.
Heyden's common stock.
directors
estimated
The
will
Armour,
agreement
an
$1,993,429
$1,780,045
$57,023
2147+/C>
p.
R.
B.
1944
1945
1944
$54,700
revenues™*.-
162,
Jamieson & Co. of Detroit— '
President announces that Heyden had entered into
with C. E. Jamieson & Co. of Detroit pursuant to
which Heyden
would, subject to certain conditions/ acquire all the
assets of Jamieson in consideration of the assumption of all of
Jamieson'* liabilities and the issuance to Jamiesen of. 31,826 shares
To Acquire C. E.
—Jan. 1 to Oct. 31—
—10 Days End. Oct.31—
management repeats,
comparisons
that
„
..
9 Mos. End. Sept.
"Net
all
"After
$318,493
,
including
charges
and
Canadian income and
ex¬
profits taxes.
cess
pets -for the war services)
same period of 1944.
'
.
CONSOLIDATED
bond
$86,378;
hand,
on
$935,022;
$149,208;
total,
SHEET
1945
30.
SEPT.
inventories $2,281,743; miscellaneous invest¬
plant and equipment <net>,
$2,741,822;
$1.00; prepaid insurance, taxes, etc., $82,900;
property,
will and patents,
good
1%
'
United States
and Canadian
($45,454)
$2,713,001;
United States post-war refund
notes and accounts receivable tafter reserve
obligations,
$171,406).
ments,
were
BALANCE
$674,863;
ASSETS—Cash,
Government
represented prodin excess of those; billed in the
(.77# of whicl}
for the nine months
NOTES—Sales
of
Federal
1942
$262,909
1943
$280,725
1944
$309,243
1945
30—
profit
$9,664,936.
■
LIABILITIES—Accounts
*
$594,917;
payable.
profit-sharing plan and
$126,000; accrued taxes, pay rolls and commmissions,
$358,052; Federal and Canadian taxes on income—estimated, $975,699;
reserve
for
contingencies, $1,000,000;
series B. 1st preferred
stock, 5% cumulative (par $25), $3,487,000; common stock (par $25),
$1,500,000; unclassified surplus balance at Dec. 31. 1936, 31,145,137;
trust
agreement,
earned
accumulated
p.
1513.
surplus
Net
profit
$737,256
$580,993
543,011
543,011
$2,810,292
2,172,045
$3,200,830
1
Capital shares outstdg._
434,403
434,409
434,409
434,409
dividends
Cash
Earnings
share
per
"Including
Z:'
$181
$1.34
purchased,
maintenance
royalties paid, taxes and other operating costs. NOTE—Hartford-Empire
net
not
income
royalty
have
received
been
payments
omitted
$6.47
/
materials
and
<•
the
and
the
share
in
statement
formity with the procedure adopted for the years 1941 to
p. 782.
$7.37
labor,
repairs,
of
con¬
Ended Oct; 31—
for
Prov.
profit
Sell.,
.432,670
$5,042,666
1,035,425
466,970
450,299
$3,320,486
profit
income
Gross
Cash
870,743
136,007
$6,429,824
$6,299,074
Other
$3,158,694
182,167
134,443.
1942
513,190
$3,560,271
$2,946,058
223,947
201,970
int.,
Renego.
&
State
for
inc.
of.
Conv.
common
standing
Earnings
(no
per
"Includes
and
$1,227,721
253,844
dividends—.
dividends
/
Surplus
Shares
-
$459,565
out-
par}„_'"
in
1942,
"
,
-'685,749
share™//
$1,288,733 in
$750,000
514,312
$1,477,797
$1,248,937
253,844
/ 253,844
253,844
514,312
$362,435
pfd.
Common
$1,130,591
excess
,
514,312
$709,641
^ $480,781
'
685,749
$1.32 »;'
$1,166,832
profits
514,312
685,749
$1.18
1945,
'
in
tax.—V.
1944,
162,
1
$1.69
$1,325,588
p.
1282.W
685,749
/ /
$1.3G
in
1943,
/:
149,504
238,655
2,188,480^
3%%
-
.
325,675
;
•
of
a
claim
be
•
__„™
2,167,518
filed
$1.32
$1.46
for
for
the
in
refund
,,
'
7f -
" $5,001,459
2,275,894
recorded
'
9,031
/// 187,505
$300,000
amount
to
the year
_
shr.
com,
the
^<r
553,181
'441,649
...
$3,540,305
$4,874,583
//H//
675,000
552.720
327,720
_L—
per
s
.
16,716
8,601
$3,679,204
credit
,
458,260
"
stock™
stock
Cr567,000
Cr300,Q20
—
1
13,002
stock...
pref.
Common
2,672,180
for
■.
preferred
$7,877,552
305,582 ' / 218,702
2,672.214
"
pfts.
Net vincome
5%
138,993
70,782
$8,010,748
a
2,178,000
Dividends—Cash—
for
U'
income
35,596
years
exc.
credits
subsidiary
represents
taxes.
prior
&
less
post-war - refunds-;™!
'Minority... int.; in earns.
for
Net
-
$7,994,458 /$7>846,590
16,291
40,963
$6,334,670
portion of
pfts. taxes
exc.
•The
etc._:
for 1944_.
adj.
Federal
15,192
$6,445,016
credits.
income
tEarned
/Income
didct.,
notes
Income
paid
$4,329,059
869,802
;4Y.'
.
/
Inc. from oper.™
Net
Dom.
1943
1944
$4,888,702
1,279,709
1945
$4,623,899
exps/
admin,
gen.
Operating
Other
30—
sales™
on
expenses
.
70,782
Fed.
Hershey Chocolate Corp. (& Subs.)—-Earnings—
3 Mos* End. Sept;
in-
on
recev.
taxes
Gross
losses
"Refundable
1945
.
Household Finance Corp. (& Subs.)—Earnings—
1945—9 Mos.—1944
1945—12 Mos.—1944
inc.
from
oper._ $13,623,842 $13,409,847 $17,954,852 $17,829,253
Operating expenses.™7,123,236
6,974,765
9,889.612
9,843,670
.Interest: charges™-//™ /
Normal inc. & surtax.^
.—™-™„™.™/__..li_;__-™>__™_™l $33,860,24'
—V. 162, p., 1640.
Shipping
;'
Period End. Sept. 30—
Gross
Sales
ibtdl
$478,130;
1937,
1
1944.—V. 162,
-
(The) Hecht Co.-—Sales Show Gain of 10.8%
9 Months
1,
Gross
stalment
made
from
2,172,045
Jan.
since
162,
$9,664,936.—V.
V
900,000
?
187.505
2,998,399
$1.90
2,890,024
12 months ended Sept. 30,
the accounts as of Dec. 31,
of Federal excess profits tax
$1.89
1945
1944
paid
1942 based on an unused pvpprq nrnfits erpdir. for the year
$235,000 is estimated to be al¬
locable to the nine months ended Sept. 30, 1«44.- Tne eieuu ot $bo/,ouO
for
the 12
months ended Sept. 30, 1944 represents the amount re¬
corded in
the accounts ;as of Dec.
31, 1943 for a claim for refund
of excess profits tax paid for the year 1941 based on an ynused excess
profits credit for the year 1943.
V
',/Y
1-Based on present number of shares.
1944;
of
this
credit,
approximately
1
^
NOTE—Corporation's proportion of
subsidiary
ended
Sept.
included
30,
above
1945 and
for
1944
the
'
v.
i
the net. income of the Canadian
nine and twelve month periods
amounts
to $514,187,
S337,482, $661,-
Volume 162
527,
and
9.63% ^
$490,711,
Cash
U.
hand
on
S.
.*■'
"
and
BALANCE
/-V*•'.//1945
banks
in
Travel advances & employees'
Refundable portion
Post-war
refunds
of
of
Fed,
Advances. to
trustees
retirement '
plan
Unamortized
Zslmprov.
.
tax—
savings
Dallas
Rupe
of
names
& Son
Pierce
the
L.vV
Union
Trust
12.50%
Co.—
George V. Rotan Co.—*— 12.50%
Gordon
''
-
Mecks
Co.
&
CAPITALIZATION
>
thrift
"
'
"i
'
'
Dividends payable
Int. accrued on 2%%
&
stock
cap.
maturing
for
March
Canadian
31,
Robertson &
Earl
Company, Inc.a
&
Crcston
G.
int.
in subsidiary
&
963,99f
PRESENT
'the
banks.
will
be
12,500 shs.
It
Is
Of
this
amount
contemplated
applied
the
to
$1,412,529
that
reduction
the
of
such
preferred
Common
eitner
either
by exchange or
oy exenange
surplus'.,
the
j••
131,399
company.;■((;;;:rW:;((
">■* SUMMARY OF EARNINftS
EARNINGS
•
•
stock,
w
;
•
and
to
the
augment
•21,675^180
—___
L—
_'
.
465,394
;
tl8.062.650
....
;
465,394'
,
■; Gross
,14.850,080
10,379,947
«ales
v
-
.
;
.
(exch
:
:
6n
Cost
sales
Of
1;
$5,546,073
.4,806,642
167,518
shares
shares
(240,000
of
the
unissued
stock
subject
to
Gross
profit
sales--
on
'
:
for
stock
ownership plan).
shares at
isued,
pari
treasury,
(Authorized,
737,389
14,883
stated
a
1,600,000
value
of
shares
of
each;
iir
$25
Gross
unissued
.,162,
outstanding. 722,506 shares,
(80,000
shares
subject to reservation for stock ownership plan.
stock
p., 1513.
'
,
>.
.
-
.
.
■
'
.
*
'
',
-
-
Dividends
1945
v
1943
$41,640
$31,332
1942 ;* "
___L.rLl
paid
$26,582
27,000
27,000
27,000
•
V K $6,498
$14,640
$4,332
361,416
360,352
337,757
330,865
from
Govt,
earned
Sept.
31
$360,998
$366,850
-
-
(
$352,391
5
•
•
In '• banks,. $375,571;
$62,000;
at cost,
prices,
Petroleum
-t.Gross .operating
$996;
accounts
in
investment
receivable, $9,574; crude oil.
and
equipment,
cost
at
(after
LIABILITIES—Accounts payable,
advances
reserve
•
miners
coal
f<f
steel.
Although
1946, the enforced
ability to sat-
into
with
our
returned
Is
moving
being
are
at-the
annual
work
to
in
Oct.
on
volumd,
normal
diverted
of
end
report
■
to
utilities
to
the
and
year
^
will
stockholders.—V,
- -.
,
■,
1945
•
1944
taxes,
for
./
without
.
deple._
tax.'
$1,458,482
$1.23
tlncludes
*
652,959
;
$0.92
-
.
,
863,325
————•
s.//.■
$1,086,977
share_____
profits
'
813,592
r
.,
^
1,181,967 shares of capital stock,
excess
•
:
260,47<i
'
&
:
per
29,900
•
<(t239,500
1416,700
ll-—574,146
for
$2,218,636-.(142,$13-
•V:'T53,295
'__
/
•
1942
.-t
$2,580,554
etc;'-;'-^
deprec.
income,
deduct,
1943
LLi-.--i.Lri $1,931,223 $2,845,865
-expikUiii*' !rv 157,091
contingencies-
-"Earns.:
$5,506,896
Arizona
$1,294,534
$1,162,38$
$1.10
-
"
income
tax.—"V.
162,. p.
-
$0.98
-
tlncludes $167,000 for
tax,
capital
$580;
,
468,814
554,559
$1,438,849
V-
Income
12,678
/
U,
#.*
6i3.
Fed.
.t'Lvr.
$504,231
stock
$1),
(par
$900,000;
earned
: ;
,
>
-
surplus,
v
•
income--
on
York
New
the
on
share with
Stock
V'
The shares
,_^i944
/,
.
$244,343
;
J943
$l,0oy,698
respect
493,723
.( 666,836
536,570
83,800
104,850
$265,731
$358,278
inv.
8tate
income
-_LL_L_l—'-2--■
Net profit
'
'
93,000
95,000
232,000
$89,183
$170,731
$126,278
$0.05
$0.09
-
Earnings
L
per
share_______
common
deducting cost
of
and
sales
other
expenses.—V.
$0.06
1C2,
782.
p.
$507,372
*
21,211
305,750
178,808
-.-.International-Mining Corp.—Asset Value Sept. 30—
90,000
:
1945
$165,663
Total
No.
$180,410
v ''' J»*
p.. 2271.
(est.)
Net
net
of
assets__
capital
assets
'
1284.
p.
;
1943
$4.1«ori>24-
489,973 v
$8.61
-
■'
••
$4,104,692
489,973
share_(
per
162,
-1944
*
-.$4,220,570
shares____
489,973
.
$8.38" v
$8 55
1
.
Idaho Power Co;~Earnings—
•Period End.
Of>erating
Oper.
Septi 30—^
1945—3 Mos.--1944
1945—12 Mos.—1944
-
$2,067,031
$1,961,355
$7,819,611
1,426,646
5,681,403
(
-
5,572,103
International Nickel Co. 4>t Canada, Ltd.—Earnings*—
$7,673,517
1,490,702
revenues
deductions^-
rev.
(Including Subsidiary Companies)
Period End. Sept. 30—
Operating
Net
revenues(_^
oper,
$576,389
$534,709
$2,138,208
$2,101,414
Drl70
J,497
609
Income
$576,219
$536,206
176,752
_i.
Income deductions
172,934
.
$399,467
—
$2,1
Other income
$2,106,913
8,817
710,267
—V.
+
f
—s.*.'
per
162,
$312,604
share.
com.
$1,401,528
! 268,623
$289,910
$1,159,927
■(.;
$1,031,427
.$0,64
V
$14,901,302
3,072,203
$42,355,157 $47,182,331:
3,169,446
9,411,8_-8
9,6^6,240
9C2.770
2,590,279
2,062,576
20,970
;>
43,206
786,511
'
"
370,101
13,500
$2,58
$3.79
$0.69
depl.
&
system
(Conting., insurance apd
other purposes
(
.Balance
Earns,
$41,690,720 346,524,034
199,869
664,437
658,357
$11,874,739
amort.
Retirement
•
1945—9 Mos.—194*4'
$14,701,433
235,926
;_
income
Deprec.,
705,385
$1,428,550
$363,273
86,862
Diys. appllc.v to pfdj Stlc.;
-
$11,638,813
5,499
(net)—
Total
L Gross
^1945—3 Mos,—1944
profit
'1
Exchange Nov. 8 at
commission of 90c.
a
in
amort,
for Federal' and
taxes
L
21,433
:•
107,088
;•
176,103
-
Income
162,
,.
$182,189
for
•After
($541,560
110,142
taxes
..,
$1,021,367
Dalton Ore-
Prov.
rj-.!-'-
.
.
.
1945
$730,912
50,000
of
$485,939
37,329 :>•;
$530,591
State
Other income
accrued miscellaneous taxes,
1945, $9,000; reserve for Federal
'
facil.
in
.
$1,433,814
947,875
28,383
r
,
deductions
and
Net
$693,-
totdl, $776,330.
v
Deprec, & amort, of emerg.
—V.
of
* -
6,783
1,458,592
:
$502,207,'
-
■''%-!;■
r.''-
•
at posted
for depreciation
3 Months Ended SeptTJO—
.
Qf.-}
Gross incorne
Income
obliga¬
Homestake Mining Co.—Special Offering-—A special
j.pffering of 7,000 shares of capital stock (par : ?12.50)
per
195,^19
$1,962,824
% 936,641-
-
j'-V-'
Net Income
made
547;084i
397,227
,
;
Wyoming-California
to
$360,997; lotal, $776,330.—V(vl62, p, 782.
$53.25
/v(Interiake Iron Corp.. (& Subs.)—Earnings— (
$684,227
$6,882;
dividends payable on Oct. 25,
income
-
$168,000; marketable securities, at cost, $12,500; oil
cost
(after reserve for depletion of $507,500),. $47,999;
and
was
made
•.;-,y
6 Mos. End_.
;'$998,3381
13,158/;: /
in.comei--*LLiiLL
■.Other; income'
—V.
*
'
-
United States. Treasury
<
896), $86,814; deferred charges, $12,875;
,
be
Prov.
expenses
*.v";k it'^0'-;
Net operating.;
$335,198
;
Co.,
leases,- at
'.2 $2,412;
The
before
1270,100
Net
<
30
?ASSETS—Cash
v
will
Sept. 30—
bond
for
obsolence
V;
'
June 30, *45
and
8.. inc.
Provision
of
surplus
'aVCONDENSED BALANCE SHEET SEPT. 30, 1945
.
well
Interferes
6,965,196" • 4,822,668
217/445
,
'
---••Loss.-
*
capital
■
■" ■ ■;.:%:%L
1944
Contingencies
Total
wells
schedules
Balance
4
,
field
shortage of coal resulting
curtail production of pig
to
/
<est.)
b:
existing
contracts
provvvfor..renegotiations-^.,..,
operating! lncome-_______'_V
Miscell.
27,000
•$418
.
profit
after
Operating
1944
$33,498
-
-
;j (Balance, surplus
Earned surplus Dec.
tions,
,The
the production
•Sales and revenues___-__L____-___;,
.
'
Holly Development Co.—Earnings—:
4
Int.
->:
shares;
9 Mcs. End. Sept. 36—
Net 'earnings-
-
in
quantities
in the company's
•f
\
t:
income
Res.
U.
•
-
'
.
■hr.
the
$7,863,554
$739,430
-
*
Tptal
.
reser¬
.
•
the
%—,^—$68,609t629 $66,305,462
•Authorise d, 4,600,000 shares (no par) isued, 2;212,167 Shares at a
stated value of $10 each; in treasury, 44,649 shares, outstanding, 2,vation
adjustments
"On
^
compared with the previous
year
will be affected somewhat
Inspiration Consolidated Copper Co.—Earnings—
Govt.
A
users,
9 Mos. End,
II,
<?
'
'
time
reflected
370,>
■
notes
indebtedness.
working
.■
1943
.
sales
contracts)
-
p.
approximately
—Calendar Years—
•
Total
—V.
be
payable
represents
bank
general
v
18,000,000
Earned: surplus
of the
Such
*
12.500 sh3.
redemption
—*
preferred
10,000,000
pari
_V—"«_—L—
stock
Capital
<no
6.25%
Arizona Barite Co.; wholly owned subsidiary, issues as of July
1945,- $200,000 -mortgage bonds, - which are mow; outstanding/
retire
reiire
demands^
some
shard;
Ton*
per
12%%
seriously
appreciable
earnings
131,730 shs.
notes
of
sum
be
as
domestic
with
lower,
Indiana Harbor Plant,
necessary
decrease
book
the
O Reported income for the first and second quarters has been ad,«Justed
in
respect
to
special
amortization of emergency facilities.
Adjustments will also be necessary In respect to years prior to 1945.
Outstanding
outstanding
.
■-
and
will
it
plant
it
*
reflects
at
miners.
coal
operations
customers'
but
our
of
made
order
of
of
quarter
has
states:
year,
decrease of
consequent
-full
a
our
22,
7.50% i:
.
FINANCING
300,000 slis.
company had
old
I
933,594
146,901
:,
(par $100)
1945.
PURPOSE—To
t-uKfu&a—AO
8,000,000
conting.—
to
$533,750
■j
;/i&SoS
.
15,000,000
1970-—_
company.—_ v :
stock <$100
preferred stock__:__:
•
'isfy
<
'to
7.50%
Funk—/ 6.75%
Fridley Co.L_—,
OF
a
curtailment
>
-
Compaoy_L—
H.
.
with
have
we
fourth
strike
the
in August
a
the .strike
of
this
iron
7.50%'"
Dittmar
-
..,;
COMPLETION
of $1,463,529.
sum
.
Minority
5%
Pan-:;
The
because
Chairman,
strike
a
shipped showed
from
■.
Ryerson,
quarter-of
part to
quarter.
of
pipe,
iVv"
L.
third
in
nage
•
coast
$1>__——l_—_L,ii
(par
June-30,
payable
947,506 •:
98,003
of
in the
1
v
-
103,125
"
.,
1946______r_
flue.
exch.
3,400,777
852,384
;__
IiablUtles.^.iL_..%_^__—
sinking fund debentures due
Reserves
3.430,998'
————-____—_
debentures
Miscellaneous. current
loans
308,760\
372,360
inc., exc. pfts.
As
V-
taxes Li
pfd. stock
cumul.
(Common stock
$1,122,500
$5,131,440
plan
Can.
&
3%%
course
tools,
,•<
Authorized
5%%
■
:
the
remove
follows:-
Pitman &
10.00%
L
UPON
(
Dewar,
..
in
and
due
principal underwriters and the
as
14.75%,-...
Dallas
;
damaged
recover
wells.
are
14.75%
Co.,'
&
wells
to
the
underwritten
amounts
Rauscher,
of
and
in
lost
$63,609,629 $66,305,462
„
f LIABILITIES-—'"
Bank
rehabilitation
production,
materials
'
.
The
.
:
—
•
2%%
respective
..
expense———JXv ..189,744
&.
other
:,tfS UNDERWRITERS—The
!
386,930.
,'
;^aofv.noa
•
the
during
or
and
80,731
340,987
':
•
in
and
(drilling
/bits
54,869,177
79,925
met)
under, employees
-.wells
1,810,000
;_.
-
Notes; payable t
.w_—d~i
"Employees, officers,1 ahdL other*- pursuant - to
Fed.
$8,426,540
>,%; 28.205 %'/%•/34,726
367,000/%( 567,000
(((141,049
( ',130,358
paid
tax
pfts.
exc.
_____-.__._L_
debenture disc.
Total
;:
pfts.
exc.
Canadian
Other receivables, etc
Office luntfture,. equip.
-
Vr
notes & accounts-
receivable.....
Edward
oper-
weighting
and the furnishing of fishing and cutting tool, directional
.drilling and siclewall sampling service. The fishing and cutting tool
"tdivision offers oil .operators special tools to bo used in reworking
materials,
>
2393
"
.
>
y v;■ >.;;
notes
sav.
'/'. 185,000
jneti.:,..^.:--—^:59,645,653
receivable
notes
tax
plies and materials used in' and incidental to the drilling and
.ation-Lot. oil and gas wells, including drilling mud- and-
and
V.' ("1944
$6,832,067'
.
and
cost
Instalment
13.23%
30*-v T;''v ;
SEPT.
SHEET.
'
::
■
Treasury certificates
at
10.70%,
13.62%,
the consolidated net income -lor; those periods.
CONSOLIDATED
''...ASSETS—
THE COMMERCIAL & FINANCIAL CHRONICLE
approximately
or
respectively, of
r
'
|
Number 4439
Profit
before
taxesJ-
Prov. for taxes
H.
1,757
V
based
$8,014,262 $10,808,116
86,459*
$30,303,774 $„4,do7,il6
on
income
2,564,291
4,472,448
$5,449,971
$6,335,668
11,332,209
14,045,058
985.
p.
*
Net
offered
by Carl M. Loeb, Rhoades & Co., and Sutro &
Co.. were oversubscribed in the elapsed time of 29 min¬
utes. There were 79 purchases by 38 firms; 500 was the
largest trade, two the smallest—V. 161 p. 2787.
Houston Oil Co. of
,v';
Texas—Earnings—
(Including-
from
earn,
Oper.
& gen. exp..
:•■;•
income
$7,490,034
3.727,487
3,633,567
$4,349,337
128,669
$3,856,467
v
80,199
1,279,047
from
$1,248,893
opers.—
income
27,165
>
$1,186,793
28,099
*
t,r
,
avail,
dcprec.
*
Int.
for
of
Amort.
&
debt
$1,214,892
>
81,822
$1,276,057
15,000
notes-
$4,478,006
131,846
$3,936,666
252,379
5,899
7,698
18,199
Deprec. 6c depletion-.
Prop, retired & aband.
1,230,107
1,150,729
v
and
income
Fed.
Net
Earn,
£
profit
per
com.
148,827
479,879
192,610
166,075
770,700
635,400
$508,070
$469,897
$1,857,775
$1,643,605
411,550
12
months
$1.32
^ $1.12
1945 follows:" Gross
$0.30 i,
$0.34
s£are__
£ The earnings for
ending Sept, 30,
operating and general expenses,
than Federal income taxes), $5,061,074; income
from operations, $6,028,535; other income, $450,204;
am<?unt available
for interest, depreciation, and depletion. $6,478,740; interest on bonds
and notes, $211,964; amortization of debt discount and expense,- $13,472; depreciation and depletion, $1,688,184; property retired and aban¬
doned,
$593,491;
federal
income
taxes
(estimated), $1,130,300;
net
including taxes
;
and
will
payment
L'M
mentioned
above
immediately,
will be redeemed at 107%% and accrued
made by the First National Bank of
Dearbcrn,
V'/L" ,'(Lvbonds
-r v
will
presentation at
time prior
upon
aforementioned, at any
thereof and
amount
Proceeds to
Clark
and
Monroe
Sts.,
through
Curtis
these
effect
and
Stone
&
Earns,
be accepted
for payment in full
the office of the corporate trustee,
14, 1945, at 107%% of the
redemptions
to" $2,09
equivalent
$2,841,329,
per
common
share.—V.
162,
$2,467,620
were
from the sale
came
service
in
and net income $257,795.—V.
to the pub¬
9 Mos. End.
from
162,
p.
Offered—Dallas
Rupe & Son
and associates
on
for
Fed.
<fc
exc.
■
The
holders
of
stock
i changing
the
basis
shares
of
of
the
the
dividend
$1.50
company
such
of
the
are
being
cumulative
afforded
convertible
the
preferred
opportunity
of
ex-
shares for the 5V*r/c
cumulative preferred stock on
shares of the new preferred stock for each four
oid preferred stock, with an appropriate cash adjust-
"I'll
34,710
179,000
821,500
1,135,000
$221,057
$240,583
to
any
p.
*
for
are
Fed.
the
'
.
,
income-.—
bonds
1945—3 Mos.—1944
$7,200,004
■
issued
will be offered to
All unexchanged
shares of the old preferred stock will thereupon be redeemed.
Company is engaged in the oil well supply and service business and
in
the sale of delated industrial supplies.
That business consists of
the purchase and sale of seamless steel, lap-welded pipe, casing and
..other tubular goods, drilling and pumping machinery and tools, valves,
fittings, pressure cr* ^rolling equipment andi other appliances, supand
the
not
public at
pursuant
the
offering
to ,such
price
of
exchange
$102
per
offer
share.
Net
$9,724,058
1945—9 Mos.—1944
181,415
133,770,166
#___
payable
Nov.
1,
—
483,474
17,715,000
15,532,132
———
13,004.100
13,085,950
27,627,825
27,627,825
60,766,771
60,606,500
—
„——_—
Finland.,
7,952,645
483,475
14,572,513
—
from
6,937,988
15,090,201
-
reserve
in
229,592,327 304,239,913
1945——
insurance & other reserves
stock-cL^——1
60,766,771
60,606,500
82,964,496
82,931,158
in suspense.,
X)r2,461,542 Dr2,461,542
transfer of nickel prop¬
20,000,000
20,000,000
consol.
299,592,327 304,239,913
2272.
p.
per
726,318 >
246,752
.2,521,815
1.461,000
4,399,000
tax__
311,000
2,995,000
4,879,000
9,657,000
749,595
$2,016,017
$1.24
maintenance.
.
earnings
:
for
$2,499,491
expense
$7,228,617
$4.43
all charges
for repairs
2,890,995
1,117,718
752,874
;
Including accidents
Depreciation
771,811
44,379
___—
196
Retirements
Prov. for rail
future
150,825
bus
80,259
210,000
210,000
removal and paving costs account
substitutions——
—
1,041,476
1,035,925
operating income-———
income deductions
(net).
$76,431
$656,143
30,614
580,769
bonds—«_———
271,856
343,512
$226,039
'$368,137
$4.70
and
1,922,241
1,106,824
operation
$7,670,909
$1.53
1944
$8,780,299
153,955
2,899,251
—
adjustment
Wage
9,392.362 & 7,390,482
1945
$8,385,148
—
Sept. 30—
revenues
Conducting transportation
:; 4,345,000
share___
(Buffalo)—Income Account—
2,144,138
9 Months Ended
General,
1,405,000
earnings
:(
\
^he three months ended March 31st and
Net
Total
Interest
on
1945,
respectively,'have been adjusted to include accelerated
amortization of emergency facilities In conformity with the President's
proclamation effective Sept. 29, 1945.
'*
'
' •
' "
" - '
30,
162,
Power
$26,625,297 $29,812,986
242,100
profits
NOTE—Net
June
360,892
123,525,259
Maintenance
3,165,887
income
ff °After deducting administration
and
1,300,000
,
pay-rolls——
International Railway
,
Earnings
1,300,000
l--
—
Total
tax
—:—
&, depletion-
normal
exc.
'
and
system
arising
in
-V.
•
Fed.
;
adjusts,
erties
&. ser.
-
notes
600,528
20,000,000
'___
——
Stock
Total
n->;r
•
Period End. Sept. 30—
Deprec.
test.)
cumulative
Surplus
also subject to review by
determination of possible
Inland Steel Co. (& Subs.)—Earnings—
(stock.
taxes,
operations.—
surplus
;l
on
15,526,074
599,475
a
986.
•Net
43,151,780
18,333,300
income——^—
on
surplus
income and excess profits taxes has been com¬
comparable basis
for periods
shown
and
is subiect
changes occasioned by the passage of new tax laws.—V. 162,
on
profits
(net)—^
dividend
based
Exchange
for Federal
Provlsion
puted
18,762,507
46,269,093
cost_______^__L_^;
1945-1950__
excess
17,331,592
13,527,726
—
Capital
$273,146
agencies
Adjustment
28,958,180
14,571,988
below
or
due
of
payable
Contingent,
1,344,500
$203,538
Price
$
24,657,671
38,066,600
$15,-
reserves—
cost.
at
account
Retirement
7%
profits on war contracts..
excess
less
Total
Taxes
167.474
100,000
To",000
NOTES—Operations of the corporation
Int.
'
to
Common
-
h
below
receivable
Earned
each case for fractional shares. In connection with all such
exchanges,' the company will pay each stockholder making the ex(change an amount in cash equal to the dividends accrued on the
Old stock exchanged less the dividends accrued on the new stock to
the date fixed for the redemption of the unexchanged old preferred
This offer of exchange will expire on Nov. 27, 1945.
Of the
new preferred stock 6,572 shares are being initially
reserved for exchange
purposes.
After the expiration of the exchange offer,
all
shares
of
the
new
preferred stock initially reserved for exchange
or
securities,
LIABILITIES—
1 1/10
in
ment
198,431
167,322
285,000
Federal
notes
(market
cost
tax
&
or
future
'■
1942
profits,
taxes
bills
mkt., whichever is lower
against retirement system re¬
port,
$1,998,830
27,450
Net profit
below
or
cost
Refundable
Can.
&
at
Treas,
15,325,776
at
held
at
serve
Misc.
Account
Preferred
contingen
for
inc.
on
incl.
Chifl-ges
$1,701,464
bonds
int.
$1.49
Sept. 30, '45 Dec. 31, '44
receivable,
Securities
2272.
1943
$1,279,879
173,401
for
$1.20
*
securities
Accounts
facilities
2.461,542
$80,502,954 $79,878,764
$0.39
;
«ecur.
Inventories
deprec.
of
plants & amort, of
Prov.
Oct* 27
5,928 shares of 5 Vz% cumulativei preferred
stock (par $100) at $102 per share plus dividend. This is
part of the issue of 12,500 shares registered with the
SEC, the balance 6,572 shares being offered in, exChange for the old preferred stock.
1944
$661,940
2,461,542
(& Subs.)—Earnings-
1945
Sept. 30—
oner
$0.34
389,000)_
Accounts
number of communi¬
a
•
2.461,542
24,712,218
Govt,
for
defense
offered
i
17,433,802
CONSOLIDATED BALANCE SHEET
Short-term
■
Field Ma terial Co., Inc—Preferred Stock
81.262.47f?
$82,964,496 $82,340,006
1
' 2,461,542
r
share.
com.
,
Property
Industrial Brownhoist Corp.
Profit
"i1"
in consol.
—-
(
Elkhart, Logansport,
La Porte, Connersville, Goshen, Valparaiso, Wabash and Greencastle.
Company-owned
telephone in operation on
Sept. 30,
1945,
totaled
63,499.
For the 12 months ended Sept. 30 total operating revenues
Prov.
Houston Oil
17,493,802
.'ASSETS—
including the cities of Lafayette,
Prov.
l!
-v
82,931,158
-?
Cash
headed by Paine, Webber, Jackson
and Blodget, Inc., of $3,400,000 first
provides telephone
company
Indiana,
in
of
3,831,267
'
1
$80,502,954 $79,878,764
per
,
the date of redemp¬
to
'
•
.
__L____i—_■ $82,964,496 $82,340,306
to Dec.
accrued interest
Webster
period
■
The
Prov.
5,831,267
'
of,
Balance
series, due 1975, and 47,104 shares of $2 preferred
mortgage bonds, 3%
ties
''
.
82,319,380
Chi¬
underwriting group
an
end
surp.
in suspense
,'
stock,
(other
673(1
P.
dividends-—..
Earned
be
trustee,
corporate
cago,-;
lic
$18,97 7,565 $20,022,058'
389,279,238 $38,655,048$101.908,723$10a',284,533
--vy. 483,475
■:
483,475
1,450,423
1,450,425
dividends
Common
Exch. adjusts,
first mortgage 3J/aS
The
;
profit,
surplus
Preferred
earnings from operations, $11,089,609;
•i
^
Total
recently
;..
83,829,267
______________
%%
236,354
est.
—
taxes,
384,537
106,662
surplus begin, of ;
period
III.
&
discount
expense——
:
,
of
tion.
int..
and deple._
bonds
on
%
preferred stock will be redeemed at $110 per share and
accrued dividends.
Payment will be made at the Continental Illinois
National Bank & Tiust Co. of Chicago. 231 So. La Salle St.. Chicago,
principal
Amt,
Earned
$5
V/2% Bonds—
__________
The
interest
1,265,499
Corp.—To Redeem
completed financing, this corporation has
called for redemption on Dec.
14, its outstanding $5 cumulative pre¬
ferred stock and first mortgage bonds, series A, 3'/2%, due Feb.
1,
The
Other
result
Chicago,
income)'
Li:
$8,076,824
%
than Fed.
(other
tax.
«
incl.
.
1945—9 Mod.—1944
$2,465,840
$2,514,392
opers.
the
As
1970.
Co.)
1945—3 Mos. —1944
Period Ehd. Sent. 30—
Gross
Pipe" Line
Houston
Associated Telephone
Indiana
Preferred Stock and First Mortgage
profit
.
Deficit
—V.
162,
„_—_—w_.
p.
986.
:•
,
'
•
*•
-
V
.
if
•
.
"
•
v
IriXf:
•
.
..
otal
sale
fr.
cfit
secur.
of
years' taxes written
other
58,249
"147,010
5,050
473
/T:7. ^ 152
income—
$128,284
49,603
45,249
^#$875 i!
2,000
—_______—
iscell.
$78,681
151,131
40,283
_
—
back
$75,139
$88,466
270.836
expenses
Balance
-
"$68,329
$361,453
$241,366
135,387
128,700
139,109
$138,488
•128,764
net
taxes
as
than. 25'a
1944
31,
——
—
$772,406
Other
—
142,562
W
1C0.000
$31,812
UrduO
121
$401,427
Dr 1,700
$381,632
Dr3,915
(net)
income
Gross income
;
Cost
payable for securities purchased, $4,682;
other
accounts
payable and unclaimed dividends, $7,371;
accrued
taxes other than federal income taxes, $1,321;.capital stock (par value
$1), $178,979; capital surplus, $1,973,358; earned surplus, $1,821,790;
total. $3,987,501.-r-V. 162, p. 1514.
value
share
per
during
.
the
period
was
,
-
1945—3 Mos.—1944
1945—12 Mos.—1944•
"■*
51,736,943
11,295,052
13,058.909
$2,239,957
$2,320,187
1,255,819
1,010,925
5,242,925
4,077,272
$984,138
$32,502
$31,934
$399,726
8.399
_______
8,588
103,542
profit
selling exp._
$1,309,262
$5,014,207
$6,460,282
&
General
from
Profit
$372,717
106,367
deductions
Income
dividend
Preference
dividends
Common
i
'
—V.
122,768
requirements
paid—J.P.S. Ltd..
162, p. 2017.
91,800
opers._—
income
Other
8266,350
106,406
91,600
$236,183
$23,346
$24,103
income
Net
I
Bond
46,693,245
267,711
&
int.
other
914.833';
283,697
.81,251,849
income
$10,257,132 $i0,537,554
$1,592,959
$5,929,041
int._
81.563
89,062
536,800
844,500
918,552
2,964,400
for
Reserve
":7'
'i;
$7,378,834
340,000
Fed. & Wise, taxes (est.».
380,321
4
______
contings.__
*
4,058,727
i50t000
;
income
Net
Refunding—Denies ICC Officials' Charge It Would Add
JUich.-—Stock Offered^*
to Costs—
Newburger & Hano and Kobbe, Gearhart & Co., Inc., on ;■
The company protested Nov, 14 to the Interstate Commerce ComNov. 14 offered to the public 38,006 shares ($8 par) 55mission against a recommendation made by W. P. Starr an examiner
cent cumulative convertible preferred stock at $10 per .-,i for the Commission, and asked that the Commission deny to the company authority to complete
a refunding program begun in 1939, by
share. ,The offering represents a balance of an original
iS6Uinng $40,000,000 of first mortgage bonds, Series A, and $6,000,000
issue of 60,000 shares.
The other shares were taken up
of unsecured promissory notes,
•
The
examiner
based
his
recommendation on
the fact that the
by holders of the currently outstanding preferred and 1
of
Loss
Ironer C©.* Detroit*
$659,397
$2,624,641
$2,789,786
44,500
19,500
55,134
Cr35,000
-
69,500
69,500
145,707
115,000
}?
$519,486
$570,397
$2,423,799
$2,709,786
115,227
149,445
485,757
597,780
$404,259
$420,952
$1,958,042
$2,112,006
Bonifas
Co,
Lumber
$633,486
—
Wm.
of
Loss
City Southern Ry.—Company Protests Bar to
Kansas
Ironrite
and
$13,535,009 $15,379,096 $56,950,377 $62,274,497
sales
of
Total
Accounts
LIABILITIES-
s«*et
net
162, p. 2273.
sales
Gross
Invest¬
$11,650;
$433,067,' receivables,
total, $3,987,501.
banks,
in
cost, $3,542,784;
shares
!
1945
BALANCE SHEET SEFIV 30,
ASSETS—Cash
in
increase
Period End. Sept. 30—
'
ments—at
outstanding
to
tNet
147,566
100,090
$32,763
Utility oper. income-.
Increase
89,085
share on
Kimberly-Clark Corp.—Earnings—
170,037
,.i0
8,33)
$29.24 per
to
with a total oi $1.202,34j on Sept, 30, 1944, which "was
$24.54 per share on the 43,998 shares then outstanding.
Adjusting for a special distribution ot 18 cents per share out. of net
realized profits, from the sale of securities, paid last September, the
719,623
Co <-v to tw
1
5,300
.
______
739,678
203,451
19,501
accruals
r.es,
fiscal year, totaling
compares
$1,518,865
43,22 J
_______
Retir.
the
amounted
equal
P
series "SI" fund more than doubled
Sept. 30. 1945, to reach $2,605,229.
net assets of the
fiscal year ended
Aggregate
during
This
"
">£.«:'vi:"i;4^
•<•(;••
■■
.
about 20',;.—V.
$-,£87,119
3:21, 25
-
Taxes,
1945
30,
Sept.
Maintenance
>$1,689,555
917,149
41
$124,889
—
$19,818,875
4-:—12 Mcs.—1944
1
58,98!)
Operating revenues
Operation/
of the company's
appreciation in market value
compared with cost, was as follows:
NOTES—Unrealized
securities,
'
to
share,-the gain In per share asset value for the year waa
per
more
Subs.)—Earnings—
(&
1945—Month—1
Period End. Sept. 30—
No provision ,foi
basis.
that
to shareholders on
considered necessary.
income
taxable
Federal
Dec..
it3
company
increased
profits from the sale of securities'paid during the
$1.04
total
Jamaica Public Service Ltd.
in¬
its Federal income tax returns as a regulated
and expects to distribute substantially all of
files
Company
fund
1945, equal to $10.69, per share on the 1,854,519 shares
This compares with a total of $15,184,207 on Sept. 30
of last year,
amounting to $9.32 per share on the 1,629,057 shares
then outstanding.
Adjusting for special distributions of net realized
on
Sept. 30,
outstanding.
''Loss.
vestment
"B4"
series
the
of
assets
net
Total
to exceed
*
OPTIONS—In consideration of the payment of $200 to the company
and,the sale by Kobbe, Gearhart and Co., Inc., of 10,000 shares of
the'company's common Btock at $2.75 per share, less selling commis¬
sion of 15'/c, in a public offering made in April, 1945, pursuant to a
contract dated March 5, 1S45, the company granted Kobbe
Gearhart
and Co., Inc., two options each for 10,090 additional shares of its com¬
mon stock at $2.75
per share, one option expiring Dec. 21.
1945, and
the other June 21, 1948.
The options as to 4,500 shares were surren¬
dered
back to the company in consideration of the making oi the
underwriting arrangements.
The two options now outstanding are each
for 7,750 shares at $2.75 per share and expire respectively on Dec. 21,
.1945, and June 21, 1946.—V.. 162, p. 2272.
^1,^402tl4
1943
v/$120,438
$88,884
1945
$128,749
income
building in an amount estimated at not
balance will be added to working capital. *
new
(f)
and
$10,000;
1944
$137,124
48,239
~
Sept. 30—
9 Mos. End.
otal
the
to
ations
Investment Co. of America—Earnings—
Monday, November 19, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
394
r.
*-i
*
"I
(est.)
North
__
Star
Co.
Timber
'
Net
■
■
•
■
In
of old
held.
shares
the
over
formeriy conducted by Sperlich 'and Uhlig as a
business
^
,
The business was founded in 1911 by HS A. Sperlich and J. H. Uhlig,
both of Detroit, Mich., as a jobbing machine ship.
In 1917 they, be¬
gan the manufacture of washing machines, which }ine was discontinued
in 1920.
Prior to 1920 tney designed an irpning. machine for' domes¬
tic use and in 1220 they began cne mnnulacture. a^d sale
of ironing
partnership.
home
for
machines
^
time
that
Since
uce.
the
■
ICC
home
were
to
relatively small.
Net
inclusive, were as
Ironers
to
?'
1941
__
_____
1939
986,247 f
759,641
15,961
12,821
$173,045
91,452
73,664
507,316
'
27,671
9,292
559,3e0
283,214
1937
10.G94
652.903
193G._
10,052
552,800
422,713
377,444
9,080
483,120
348,713
5,886
318,978
225,234
1938___:
___
conclude
bonds
current
would
out,
it the benefit of large
since it would be impossible
to retire "presently outstanding
cost
savings,
tax
resubmission
the
the
in
that
time
in
deducted
for
taxes
from
1945,
its
income
said
determine
to
railroad
the
w
[
'■
■,
pr'marily to-the fact
the bonds retired in 1945
discount on
premiums and unamortized
be
1
th
and
income
excess-
sim.lar tax saving
a
in
duplicate
interest accrued in 1945.
There
income subject to excess-profits taxes
wax
„
•
i
lt)35
1934,____T_„
67,374
57,579
68,252
,
41,317
34,403
19,543
.
cost
19,393
The
,
"Includes
■
tNot
in
$45,619
representing
officer.
deceased
1942,
representing
annual
will be
from
insurance
of
life
on
adjustment
dividend
directly to earned surplus
inventory at Dec. .31, 1S41, for
made
of
previously
expenses
$33,000.
available
and
use
refunding bonds had been
such
sales
to
1942,
the
the Government
that
since
the
time
facilities
the
ior
of
the
production
has
company
been
Net.
(to
Sept. 30)__
Cost of *
Sa^e.
Goods Sold
Profit
Net
.
bef. Taxes
Profit
$731,840
$544,820
$39,769
from
Profit
129,567
1943_.
1.3b'i,83J
1.015,851
165,53J
56,392
55,083
1942—
1.260,556
870,768
185,452
68,852
the
canceled.
be
company's
Termination
prepared;
Company
and. equipment
now
and -anticipates
ventories.
Since
-
claims
are
expected
owned by
losses
no
contracts
to
havo
now
being filed
continue
as
the
to
liquidation
use
Sept. 20,
1945,
exceed
present carry
of
ironing
machines
^
t'
now
and
have been
presently
plapt has been
manufacturing
in Mt.
C emens,
CAPITALIZATION
GIVING
to
As
purchase
soon
as
a
($8
PRESENT
and
pur-
$55,000
Outstanding
$56,398
60.000 shs.
W&QOoS
60 000 shs
281
expects
to
use
the
proceeds
in
the
Feb.
2L*JZ?c}l loan *hich tn<: company has
1,
1946;
<b>
589?-' Ss!
repayment
arranged in the amount of
payment
an
amount
for expense of
estimated
moving
to be $20,000;
from
(e)
and
of
the
were
few
a
gross
of
CONTROL—The
called
the
refund
already
paid
of $8,72.9,
of
;
by
;
refund of
no
year
ASSETS—
entire
Controlled
arranging',
Detroit
to
There
with
Mt
payment for alter-
were
707 stores in operation in October, 1945,
the same month in 1244.—V. U2. p. 1770.
in
714
and
refund
Post-war
v
.
-
.
scheme
Plan,
—V.
162,
<5
5%
profits
excess
1944
•'1945
$1,332,756
_______
tax______:__
$613,885*
J
;
-
224.700
1,380
Broadway,
rolls,
3,0.9,008
288.075
1,134,914
290,594
1,379,413
6,165,785
;
;
trade
names,
7,317
'
;<
'33,654 '
etc.__^
"
LIABILITIES—
"On
746,371
-
for
Reserve
Common
Surplus
Federal
rebuilding and conting..
(757,632 no par shares);
3,156,800
9,021,904
8,515,692
$13,540,651 $12,611,602
;
of
ten
thq
Keystone
fund3
during the last 12 months
and
$145,000,000, it is shown by the annual
made
Bond
Fund
series
"SI."
pub'ic
Series
Nov.
"B4"
2.
and
These
th"
ere
high
the
have increased by
now
amount
to more
reports
Keystone
grade
minority interest in
and
1
-
'
'
'T.
Jeffries & Thorndike,
Inc., and Syle & Co.
The offer¬
ing price was, $13.50 per share,
The shares were owned yv
by Mortimer Lahm, President, and Harold Stone,7VicePresident.
No proceeds will accrue to the company, r
HISTORY AND BUSINESS—Company was formed under the laws of
V
York
Oct,
by which date
1933,
26,
opened its fir^t store on Feb.
and
134,1;r'i>
20,
since
ated by
iated
men's,
as
All of the stores are-leased and oper<
)
active subsidiaries or active ailil—1
^
which has
the company,
companies.
1341r.;r!f.
Noiie have been opened
in"operation.
nine
stoies were
then because of the war.
no
'. 5
includes such items^ J
1
^
sold
the
in
and
women's
stores
the company
of
children's
stationery,
wear,
from
5
cents
25
to
cents
items above
with some
The
the Grand
radius of
25-mi.e
a
Central
annual sales volume currently
average
of two qf the
High Return
common
and 1 *
the latter price;
All of the stores are i ',
commonly known as."Variety Chain Storcc.".
are
cosmetics,^
toys,
drug sundries, confectionery and small house furnish?
The stores sell the bulk of their merchandise at prices ranging
artieles,
toilet
urea
of New York City.-1?
exceeds $200,000 per sc„re.
*
EARNINGS
YEARS
Cost
1942
1943
1944
-1943
j,*
ENDED JAN. 31
$2,00.',411
Other
31,843,641
$1,666,730
1,802,721
1,800,263
1,588,78-i
$97,880
$58,950
$49,378
20,864
18.8J19
19,334
$118,-745
$57,75)
$68,712
expdases__i._
and
Gross
$1,841,671
1,911,530
Sales
profit
income
bef.
Profit
charge?.;-
$77.
$93,394
■
3,63)
18,345
16,878
>
22,281
1/.46/
18,866
18,23S>">
tax.
c,2.0oo
6,248
11,219
21,560
$43,4/9
514,436
$18,039
than inc.
Fed.
for
Net
inc.
1
profit
cumulative
—V.
152,
stock
pfd.
stcck
Common
(no
$1).
1,500 shs.
._d_
(par
par)...
520
31,-500 shsj .^5.
100,000 shs.
".
13)4.
p.
$42,321;
' Outstanding "s A
Authorized
CAPITALIZATION—
$6
1,854 "'fs
15,3406 if
571
18,168
(other
Prov.
41.C >
21,450 ?V-
2.759
"
.
■■'m't
•.
''VW
r
=■
Lane Bryant, Inc.—October Sales Up 10.5%—
Period End. Oct. 31—
1945—10 Mos.—1944
1945—Month—1944
_*
Sales
$3,731,443
—V,. 162, p. 1891.
''3
$3,422,845 $30,418,262 $28,643,556
'■t's
Lehigh & New England RR.—Bonds Authorized—
ICC
The
31
Oct.
on
authorized
first
mortgage
of
outstanding
the
company
stock
fund
to
issue
■<
exceeding,
not
bonds, series B, to be sold at 99.5199
and interest and the proceeds used in connection with the redemption
$4,030,000 of
of
$5,011,000
1,
1965.
3%
general
report
i ,
:
of the Commission states in
bends
were
interest
In
received.
Boston
were
sale
for
also
sent
through
to
108
thereto,
better
made
Ripley
Corp.,
bid,
by
&
and
a
Co.,
has
two
bids
due
A,
competitive bidding, and
banking firms,
investment
and banks, the bidders to
borne by
the bonds in multiples
response
The
was
Harriman
offered
bid
series
part:
companies
to-be
annum.
annum,
to
bonds,
mortgage
The
April
insurance
Funds
$53,000,000
stated—provi ion
after—as
laxe^
783.
p.
,^
fered—A public ottering, of 7,350 shares ($1 par) common ;'
stock was made Nov. 15 by First Colony Corp., Childs,, 4
invitations
than
pro-it,?
$2.27
•
.
outstanding.
before—or
e-xce-s
_
&2.41
(H. M.) Lamston, Inc., N. Y. City—Common Stock Of- 13
103.947
1891.
assets
ii
.
215,228
Keystone Custodian Funds, Inc.—Assets Increasecombined
and
162,
stock
capital
:
'
■
264,684
3,156,800
profits
:
162, p.
*o.<J
The
Total
-V.
547,609
profit
income
subsidiary.-—V.
of
nit
•/*
-
$355,251
249,114141,936
furnace
undivided
$411,0)7
559,800
payable
stock
and
;
_____
$1,301,81/
435,226
oj -j
sharei
NOTE—Above
for
•
1945t-9 Mos.—1944
'*
$3,298,2,>3
$3,397,212
1,801,492
1,694,733;
.
$1,907,27}
"Earns, par snare
8,569
"
payable
liabllitiea
taxes
2221.
p.
,,13457-3 Mos.—1^44
profit beiore t.\xes_
profit after taxes__
Net
'33,395
^13,540,651. $12,611,602
;
Accounts
161,
6,038,227
etc
Prepaid' insurance,J taxes, adv. exp., etc
Accrued
next, $75,100 of
15,
(& Subs.)—Earnings—
Period End. Sept. 30—
Net
1.084,918
3,502.199
dies,
advances
piaht
Patents, trademarks,
i Total
N, Y.—V.
New York,
Lambert Co.
2.890
849,871
Nei
:
has called for redemption on Dec:
company
first mortgage bonds due Dec. 15, 1947, at 101 and interest.
Pay¬
will be made at the Guaranty Trust Co., successor trustee, 140
ment
Taxes
Inventories
and
'■
,
$10,827,570 $95,303,188 $98,071,038
1770.
p.
Depreciation
30
_________
inventories,
,
Lafayette Hotel Co.—Partial Redemption—
Interest
'
*
SEPT
receivable
Investments
-^
compared X
as
1945—10 Mos.—1C44
1945—Mar.th-^1944
$10,457,324
___i_
of gov-:
Materials
-
SHEET.
in. banks__,
of
receivable
*•'
(S. II.) Kress & Co.—October Sales 3.4% Lower—
Period End. Oct. 31—
Sales
orders
1943-44 have been .renegotiated on the
$60,000 before deducting income taxes on
the. company, ieaving a net cost to the
>
Other
of
profits had b^en anticipated,
.
hand
on
iNotes
order
Keystone's
war,
cancellations
f olio win-
$250,000 Irr connection with the purchase of the Mt. Clemens prouertv"
<?)^^1^ted.fCSi: of new e9ttipment and installation
at $100,000; <d>
ending
There
industry,
fiscal
Federel
,
in
the
1945—10 Mos.—1944
1945—Month—1944
$19,025,591 $18,834,110 $168,938,562 $163,405,007
SALES. AND
of
um
"V-
1%—-
Increased
>•
Period End. Oct. 31—
this
FINANCING
Authorized
-
par
(par $1
$306,451
$0.40
as
of Oct.
1,
1945, as was the government directive
distribution of steel products to jobbers and dealers.
for
sum
Cash
manu-
title to
ot- S
^amoJln
may be beceasary to redeem all or any
J
Preferred stock nrt exchanged for convertible preferred
Tnese shares will be redeemed cn
Clemens
this
ta
equipment to an estimated cost
.
pfd, stock
stock
Mich.
EFFECT TO
'
contract
PURPOSE—Company
*
basis
necessary
UNDERWRITERS—Newburger & Hano, and Kobbe, Gearhart Co., Inc
?
stock
the
company
manufacturing
acquired, the company expects to move its offices
operations-*from-* Cciroifr-^ to Mt. Clomcns and to
a$100 0C0inEta11 new macllinery
Common
the
condition.
GOVERNMENT
OF
revoked
profits
unurofit-
at tili3 th1!* unable to obtain
Company has-recently entered Into a-contract
facturing p,ant located
677,349
$0.38
RENEGOTIATION—While
al product5|n oi honers and production is
therefore limited'
Conv.
was
to Dec. 31,
converting its facilities
is
$.983,800
551,681
taxes
$285,133
control
covering
machinery
Any such losses would® be offset in part
back provision of the Internal Revenue Code.
Hfh
11,847
$836,820
taxes
income
share
excellent
in
Co.—October Sales
Kresge
revisions.
LIFTING
production,
in¬
is
ernment
$40,000.
BUSINESS—Company is.
production
r«r,H
Land
Federal
Federal
RECONVERSION—Despite
book
—only
$3.52*'
sales.—V.
interplant
.
within
Accounts
X11f^rS!!la
of
the
war
war-production
the company's operations
$5,209,647
S71.953
12.507
per
of
Additional stores \vere opened from time to time until December,
1944
824.314
BALANCE
POST-WAR
.
all
in
of
Interstate
1945
..
profit
Earnings
competed or
rapidly as they can
it and formerly used
on
the
the understanding that,the advances
refunding piain—V. i6z, p. 2273.
operations
for
fExclusive
'
S.)
(S.
ings.
been
-i,*3 estimated that opeiating losses from such date
no.
by the
the
war
New
redeem
to
Steel & Wire Co.—Earningr—
•
will
194"j
approval of
the
by
York
with
and
of tne present
before
Provision
shares.
$3.26
$0.70
$0.67
599,760
on
2273.
p.
Mdrchandise
$17,769
741,548
of
the
made
New
income
Net
1.083,993
__
All
with
of
$4,479,733
Profit
Other
shrare
per
"Based
162,
New
company
of articles
after
Year— ;'
1944
made
Co.
substantial
a
adjustment for renegotiation and net profit after
adjustment, for the years 1942 to 1945, inclusive, are as follows:
1945
Commission
pare
Trust
Quarter Ended Sept, 30—
producer .of parts for the Oerlikon and Boiors anti-aircraft guns.
Net
be
advances
that
out
Cankers
the
Sales
BUSINESS—From- June,
made
war
pointed
and
Co.
Keystone
Beginning hv August, 1941, 'the production' p* all laundry equipment
controlled and regu.aied by the Office of Production
Management
and in May of 1S42 was stopped completely.
WAR
Trust
would
excluded.
was
were
iurther
' road
York
requirements on the convertible preferred stock
"
for
only $372,702.
Commerce
credit of $17,293
a
manuiacturing overhead
The
income
.
including
of
"Fro.it
to
that price.
' :
" ' " ' '
'' ' ^;
*
The tax savings to be rcal'zed in 1945 were due
could
prof, oh com. stk.
year.
buy the outstanding first-mortgage bonds at 107, it
said, would be accepted by most of the holders and it added that
this
belief
was
strengthened by 'the fact that institutional holders
of almost $9,000,000 of the bonds hacjb agreed1 in writing to sell at
offer
Net
pfd.
on
'j-
The
taken.
pointed
it
conjuctural,
not
ho question that its*
1945
would bo in excess of the
t$85,735amount that cotild be deducted, it said, "so that if the r? unding uro¬
58,852
gram is carried out the applicant will realize a tax saving of 85'4 Vc
>
61,019
::'l of the amount involved."
Tnat amount was not specu.ative,
it said,
22,336
and should be deducted from the cost of finane.ng as est mated by the
"103,214
examiner, leaving, instead of his $3,143,COO estimated net cost, a net
Profit
bef. Taxes
$1,126,097
631,251*
$1,706,113
26,715
1940
Goods Sold
Salts
already
actual,
Its
v
had
it
Resubmission,
and
profits
Net
Profit
Cost Of
Net
Produced
■'
resubmit
that
j
1920 and
the years'
profits for
net
to
.
between
company
and
sa.es
issue before the ICC, which, it said, should not force
the bonds for bids, thus taking the same "gamble"
bearing on the
*
foLows;
1941,
Year—
of. the
cales
BUSINESS--The
PRE-WAR
1954
was
it
;
1954
competitive
ask
of
sales
That
no
1
use.
bids and because of the recent
railroad securities only the one bid had been
unfortunate for it, said the road, but it had
must
it
of
received.
has manufac-,
company
its
rules,
volume
ironing machines designed
high quality electric and gas heated
tured
for
,
1939,
of
divs,
for
stock
Sa.es
said the Kansas City Southern, it had purchased $13,bonds at a discount and saving of $2,627,383, -amd
since the request for authority now pending was the final step in its.
plan for refunding, that saving should be considered in computing
savings to the applicant.
'•
> ■ - >
As to the "unfavorable market," the road pointed out that,
under
Since
228,000
*
.
take
securities.
He also,
it seemed that cne
years over those payable on the outstanding
observed that, as only- one bid had been received,
market was not favorable.
-
414
basis of one
the
on
*
holders
at $9.25
preferred share for each 10 common
..!
rPP-vC:- h'X
Holders of the convertible preferred may convert their
stock into
common at
the rate of one share of common lor each share of pre¬
ferred up to and including Dec. 31." 1946.
From then until the end ot
1947 the rate will be one common share for each 1 Vs shares of pre¬
ferred, and thereafter at the rate of one common share for each 1 %
preferred shares.
The new convertible preferred stock may be redeemd on 30 days' notice at any tune at a price of $11 per share..
,
&I8TORY AND BUSINESS—Company was incorporated March 30,1921, in Michigan under the name of Sperlich and Uhlig Co.
Name
was changed
to present title May 12, 1327.
Company was organized to
share
per
refunding would involve additional expenditures of about $3,200,000
in discount, premium and duplicate interest, and incidental expenses,,
and that the proposed redemption of the 1950 bonds wouuld effect an
increase in interest
charges of about $326,000 a year for the next
outstanding 8%
one share
to exchange
opportunity
an
shares of tnc new preferred, while common
the right to subscribe for, the new preferred
1.15
offered
were
given
were
for
stock
Nov, 13, holders of the
offer which expired
an
preferred
oversubscribed.
The offering has been
stocks.
xaommon
bef. pfd. divs.
inc.
Prov.
name
of
representing
Ya
12
the
of
rate
1%
were
,99.5199 and int., based on a rate of 3 fc
group
Inc.;
been
consisting
Smith,
of
Kidder.
Barney
accepted.
On
&
this
Co.,
Peabody .&
and
basis
The
the
of
per
parties
per
Co.;
First
average
V
Volume 162
/annual post'of
3.02%«'■/!>
•'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
;
the
proceed®
the
to
applicant
will be
approximately
;'.'v
The
Lockheed Aircraft
<r
p*
proposed
refinancing 'will
result
SI,552,939 in interest charges from Dec.
in
a
gross
reduction
of
11, 1945 to April 1, 19(65,
bonds.
Expenses, and other
f.
the
maturity date of the outstanding
deductions are estimated at $323,270.-—V, 162, p.'2274.
Robert
y Lerner Stores Corp.—October Sales Rose 8.8%—
End, Oct. 31—
1945—Month—1944
±2
—V.
162.
-Y'YV
1771.
p.
;%s*
•'
'•}
•'.•>
\
$7,766,817
-3
$1,510,421.
'■!'
••
••
:j.r. '
ftr~'V;
r,r
x
V
if
■■
Months
9
income
Operating
expenses
••5
taxes
Sept.
^
(incl.
much
f
.
..
year's Federal
current
Net
Less
cash
$157,039
paid:
f
\
ASSETS—Cash
of
reserves
cash
and
in
result
a
the
first
equipment,
$5,368;
able
U.
last
of
began
reductions
the
latter basis.
the
Had
production
models
experimental
the
$334,906;
(after
reserve
schedule
principally
the '
Tax
Adjustment
Act
of
receivables
total,
reflects
forms
rates,
toward
$32,000,000,
Dec.
ever
changes
of
1944.
including deprecia¬
the
to
was
1945.
(after
terials,
retund
made
Of
payable—unsecured,
$950,000;
accounts
income taxes payable, $20,471; taxes
With
company.
need
pay¬
Federal
for
faster.
rate
accrued
(other
than
Federal
taxes
on
income),
$4,750;
Federal taxes on 1945 income (estimated), $75,865;
interest in capital stock and surplus of subsidiary-com¬
panies,
$34,457;v 7%
cumulative
prior
preferred
stock
($50
par),
$462,900; C/i
cumulative
participating
preferred
stock
($25
par),
$725,850;. common stock
($1 par), $30,000; capital surplus, $16,595;
the
equipment
and
pay¬
"ultimate
top"
had
Even
.
been
rapid
less
grew
cut
individual
our-armies
the
model
from
into
July
its
peak
six
months
before,
earned
'
surplus, $225,562;
W
/V;;.:,
' /
total,
$2,551,816.—V.
t>fe
meeting of
a
(one share
to
or
as
of
and
-Attention
scrip
shares)
20
record
called
Oct.
on
the
31,
15,
is
received
Y>Y
that
fact
dividend
outstanding
payable on Dec. 1,
approval
necessary
the
stock
a
from
one-third
at $137,606,272.:
Immediately
the
of
the
324
'
toe
scrip
matched
turned
:
stockholders
full
with
in
after
other
the
fractions
themselves,
shares
98
purchased
redeemed
or,
up
the
on
cash
in
used
are
at
outside
the
by
of
rate
value
no
unless
used
by
Dec.
31,
1945.—V.
However,
(&
a
Subs.)—Earnings—
Link-Belt
Ordnance
Co.)
Months Ended Sept.
30—
customers, less discounts & allows.
income, less sundry income deductions—
Net sales
Other
to
did
measures
not
in
were
the cancelled
1945
1944
poration
$50,763,843 $55,068;661
101,537
104,444
and
commercial
no
orders
this
for
particular
April
net
of
Cost
1—
•_
of
sales, including selling and administra-r.y.X-x
Ytive expenses, less discounts received—41,766,900
43,213,742
Deprec. & amortiz. of property, plant & equip..
614,680
615,558
Appropriation to-reserve for possible inventory
s price
declines and other contingencies
Net
income
Dividends
Earnings per
""After
i—
—
NOTES
accounts
sales
profits
1945
and
$2,002,822
1,215,435
806,930
710,952
outstanding
$2.46
credits
tax
of
$450,000
for
first
major
statement
Link-Belt
does
not
include
Co.,and
Ordnance
for
the
sales
Y
comparative
purposes
Airways,
by Link-Belt Co. to this subsidiary have been eliminated in both
Inc.,
&
Deliveries
\
(2) The post-war refund profits tax has been deducted in both years
a
current credit in accordance with the 1945 Tax Adjustment Act.
"The credits have been computed after estimated refunds under the
Renegotiation Act for contract settlements.
the
The
i
(3)
tion
On May 9, 1945
30,187 shares
of
funds were deposited in trust for the
of 6V»%
cumulative preferred stock
per share plus dividend
holders at
95,978
(4)
of
meeting held
1945; also by action
1,
at
$120
was
increased
Earnings per share
1945
of
April
from
common
stock for the first nine
$213,106,272.
months
>
BALANCE
SHEET,
SEPT.
Link-Belt
-(Excluding
•
ASSETS—
Ordnance
Balance
1945
v
Cash;
Total
Inventories
Securities
Accrued
Total
——.—
22-22
owned
at
and
assets
equipment
deferred charges
ifn»»nt«+
Interest
7,725,923
(net)-—
\
2,362,244
Net
Preferred
stock
Provision
for
dividends
taxes
for Fed.
&
$3,665,465
—,—«———-—
other
payable
Canadian
inc.
&
and
for
and
other
Reserve
for
contract
fluctuation
cumulative
Common
settlements
possible Inventory
contingencies
stock
in
Canadian
preferred
6,414,088
—...
1,386,586
exchange-
149,188
13,399-543
—T
Dr174,963
162, p. 987.
Lion Oil Refining Co.
income
Earnings
435,090
♦After
——--—•-
per
1944
shares—
charges and
~
$2.33
taxes.—V.
1943
$980,769
share ton
com.
all
(& Subs.)—Earnings—
1945
$1,012,772
profits tax
prior year's
162,
I
v'»
credited
were
purchased.
were
Plans
wholesale drug division in
year,
wholesale liquor divisions
San
to
net
profits,
31,
1944
INCOME
ACCOUNT,
being
are
completed
San Antonio,
Texas, i
were opened in Corpus
El Paso, Texas,
where a
many
'
years,
world
income
for
1944
A
®
tax refund bonds, $4,457,557; accounts
receivable,
inventories—materials, contracts and work in process
for obsolescence, $1,000,000 and
partial payments,
$71,(Jess
LIABILITIES—Notes
payable-banks, $70,000,000;
$2,60
$1.51
/
297.000;
taxes
(other
than
fixed-price
income),
contracts,
')•
f
)
''■:r "4
$2,762,501; advances and deDosits
$1,244,829; other liabilities, $1,099,JY'i
v)"/'
242,496,294
259,875,622 233.664,203 202,450.07'*
§28,673.812 ,',25)280,794 "*23,422,702
399,375
450,423
454,815
19,819,200
16,168,695
625,794
701.255,,
20,444,994
1,934,911
1,941,228
1,319.195
1110,653,148 til, 161.217
norma)
profits
¥8,820,027
tax.I
tax
for, contingencies....
on
preferred
common
,
16,869,957
1,931,479
tG33,365
250,000
500,000
5,161,069
" 5,097,371
>
-
stock......
600,000
133,950
293,980
stock.......
2,355,395
2,187,348
1,682,726
$2.46
$2.75
V
*
After
net
reduction
for
reserves
doubtful
of
$462,203
notes
and
in
1944
accounts
and
$519,800
$2B5
in
1943
in
receivable
presently deter¬
mined as not currently
required,
tlncludes provision for renegotiation
of war contracts of
$44,COO.
tAfter post-war refund on excess profits
tax of $29,154 in 1.944 and
$980,002 in 1943..
§Including contribution
of $1,048,453 to
Employees' Retirement Fund.
HAftev special tax credit
under Tax
Adjustment Act of 1945.
•'
•CGMPABAlrVB CONDENSED CONSOLIDATED
'
" ■' '
JUNE 30
•/
BALANCE SHEET,
'
.
ASSETS-
Cash
?n
"'Notes
and
hand
on
accounts
in
receivable, less
assets
Investments
reserve
48,057,259
in
(net)
and
"
TQtal
names,
29,357
752,96G
etc
1
"
,
:
t
'n Y-
f
Total
•Less
reserve
y savings
V.
payable
for Fed.
on
$4
cumul.
income
&
pfd.
162,
exc.
profits
preferred
3,270,461
33,13d
13,131 522
150,000
iY 2,060,000
stock
2,000,000)
15,000,000
15.00Q,00<1
Y 30,283,650
30,283,650
t
u
4,806,058
........
I,
3,246,435
35,554
150,000
14,681,908
taxes.
less held in treasury.:
surplus from July
194R-
.....
4,806,053
10,782,356
.......
reserves
of
$1,602,430
$4,057,275
notes,
p,
-
$10,502,386 $10,078,101
stock
contingencies....
surplus
of
0 "1
■'
v.'*
payable
cumulative
Earned
94,067
16,404
$91,512,373 $87,724,013
Common stock,
'■Capital
3 053,087
892,437
salaries, commissions, taxes and other
liabilities, etc._„-v——
41. S. war bond deposits of employees....
for
374.343
4,220,347
...
accrued
! Reserve
100 00a
3lo!352
100,867
Wages,
IReserve
;
4 178,816
.«,,
...
—
Dividends
48.646 993
Y
5,677,373
—
property
LIABILITIES—
,
Y
485,450
.1
advances
leased
1944
309,349
Non-operating properties
Deferred charges
Goodwill, trademarks, trade
.
:
$13,041,084 $10,S82,55<5
18,753,333
19,159,935
taxes._..fc
tOperatlng properties
,
J
1945
transit
savings bonds—Series G—v„\
war
Equity
and
inventories
Excess profits
Other
'
.
banks,
Merchandise
U. S.
^
2275.
series
in
1944
in
8,995,110.
and
$91,512,373 $87,724,013
and $1,876,166
83.681,585 in 1945.
1944
C, of $1,077,549
in
1944
in
1945.
tAfter
tLess Treasury
$216,314 in 1945.—
and
a;
payable,
dividend payable, $537,945; salaries and
wages, $4,927,029;
Federal income and excess
profits taxes, 1944, $6,498,405; provision for
Federal income and excess
profits taxes (estimated, current yc&r), $1,-
Y received oh
v.?--
accounts
.
'
17,452,823
117,124
Federal
excess
-
.
1943
•;!
•
305,^73d,597 279,194,622
.....
on
.1,075,889
profits
/
markets,
YEARS ENDED JUNE 30
.«•.
/
Dividends
23,974,076
iir $25,484,497
as
tho
Central and South America.
Dividends
$1,510,421
$15,018,338;
$655,201
y
eifectivo
increase in
liquor sales
Earnings per commonjshare.......
499,415
$179,613, respectively.
.1
J
in
Net.profit for the year—4,742,640
•
631,000
_„I
provision
'
"».
Pa.,
a
charges
Federal
816,378
666,000
$57,714,676),
advance payments on
inventory purchase commitments.
investments in Pacific Finance
Corp. of California. $4,075,;.i; 069; other investments, $21,429; property, plant and equipment (after
reserve
for depreciation,
$2,397,344), $3,924,576: emergency facilities
(after reserve for amortization,
$13,857,018), .$10,118,662: prepaid in¬
surance. taxes, etc., $1,163,799;
development expense, $1,063,886; total,
ft? $156,119,603.
1942
$1,130,449
987.
p.
plan
$30,294,418;
YY_
$2.25
increase
The
the
$3,983,874;
$40,342,216 $39,193,968
9 Mos. End. Sept. 30—
♦Net
12.414.864
Dr 111,363
—
spite of
of 1944, the assets and businesses of tho
Columbus, Ga., and the W. J. Gilmore Drug
in
—
Provision
rtecn
surplus, June 30, 1945_
$24,408,608
NOTE—Amortization of emergency facilities and
depreciation charged
to cpsts and expenses aggregated $2,223,455 and
/• reserve
13,245,245
stock
treasury
Total '22-,—
-V.
to
Total
665,357;
10,690,745
part
Co.
sales
Provision
229,975,466
1,224,259
income
//excess
3,112,800
Earned surplus
Total
1,262,613
137,428
earnings,
'/■'Y/r."
Total
for
CONSDL1DATJHI BALANCE SHEET, JUNE
30, 1945
ASSETS—Cash, $25,350,976; United States Government securities—
declines
stock—J
years'
latter
the
Accounts
5,163,564
(net)——-—
price
became
J
in
profit from operations...16,837,588
income—615.235
Other
Earned
355,476
890,498
.
taxes
Reserve
Net
those
t\c\a
'
;Y, V
year
This is
Carson
and
of
Other
99,435
403,465
1,040,522
prior
.
profits
exc.
except
surplus
Dividends < $1 per shar« L:
$3,990,984
—
payable—-—
than Federal--
costs;
*»
$40,342,216 $39,193,968
.
Common stock dividends
/
of
9,089,359
454,863
-
——
LIABILITIES—
payable;
other
...
Earned surplus, Dtc.
Accounts
Prov.
excess
:
the
the
&
Net sales
Cost
$235,322,939
inoM
Adjustment
factors.
Selling and general expenses
Depreciation and amortization
196,879
„__i
Federal
7,623
'
Total
:
$235,126,060
etc.).;
income
8.546,176
.
which
taxes
profits
1845
1945
-
Y
royalties,
4,168,177
9,412,207
...
sources
'
—-
Contributions
several
V'-./J
2,063,559
(interest, discount,
paid
to
CONSOLIDATED
STATEMENT
'
'
employees' retirement
Federal normal and surtax.^^^
15,566
$5,677,373.
:
yyyy-'-.'-
INCOME
5,093.009
—
securities
on
"•
Wages, salaries, materials and
shown separately below_L_._
1944
$7,294,467
'
-xyy.:y
'
/
9,909,366
——
cost—
receivable
interest
property, plant and
Other
$8,563,018
6,894,188
—
receivables T(net)
compared
as
'
net
The export department, is expanding Its activities in
/
30
Y:Y„,
Company)
various
plus-fixed-fee contracts
Other income
of
/ particularly in
(incl. costs and fees on cost-plus-fixed-fee
contracts)_$237,189,619
Provision for possible disallowance of items
charged to cost-
Total
«
from
<
'
as of
Jan.
1, 1945 and April 1, 1945 were declared in 1944 and by
action of the Directors at the March 27, 1945 meeting, the July 1, 1945
dividend became part of the redemption price of the preferred stock.
CONSOLIDATED
orders
Sales
shares
COMPARATIVE
conditional
6 Months Ended June 30—-
computed on 806,930 shares outstanding, compared to
the previous year; the 1944 computation being made
provision for preferred dividends.
The preferred dividends paid
after
has
CONSOLIDATED
were
710,952
also
"Constitution"
as
17,
excise
-
Antorijn, Texas, and also in
wholesale drug divisiorf has been
operated for
these
740,350
Federal
consolidated
due
was
out
Christi
■
Air, Inc.
transport, of which details have not yet been
announced, and for its "Saturn ' feederliner.
Without considering
latter, amounting to
approximately $46,300,000, until such time
delivery times are nearer/the commercial backlog totals $75,500,000,
making the total backlog of firm military, naval and commercial orders
redemp¬
of stock¬
1945 the authorized no-par
shares to 840,350 shares,
additional shares being issued to date,
YY
stock
common
,
special
payable July
sales,
During
start in October,
1945, with the first units going to
that first ordered this plane and for whom it was orig¬
company
is
1945,
1771.
President, on Sept. 20, said in part:
;
inter-company sales, for the fiscal
,
in
Co, in Pittsburgh,
';. for the opening of
inally conceived, Transcontinental & Western Air, Inc.,
both
'
162, p.
_
will
company
additional
During
Maatschappij (KNILM), Pan American
American-Grace
Airways,
Inc.
(Panagra)
and
Western
years.
as
1944.—V.
Luchtvaart
Pan
Transcontinental
1945—10 Mos.—1944
October,
all
1944.
reduction
Brannon
country on every continent: American Export Airlines, Eastern
French Government Airlines, Koninklijke Luchtvaaft MaatsVoor Nederland en Kolonien N.V. (KLM), Koninklijke Neder-
landsch-Indische
in
in
$3,053,088
a net increase which resulted
from an additional
capital stock of Glencoe Distillery Co., Inc., a
partlyowned company, the assets of which; consist
largely of bulk whiskey
in process of aging. .
.. ~- . v., /
; ,
• -'
to
Air Lines,
income
operation
month
same
excluding
investment in
chappij
or
in
had total current assets of $80,161,024 and total current lia¬
bilities of $28,640,309, net current assets
being $51,520,715.
Included in
total current assets were $13,041,084 in cash, $18,753,333 in notes ana
/ accounts receivable, and $48,057,259 in inventories; of these inventories
$28,757,551 were drugs and sundries and $19,299,708 were wines and
liquors.
*"
•
*
'
*
.<
During the year, investments in and advances to non-consolidated
wholly-owned and partly-owned companies increased from
compariy has commitments for a total of 103 of these planes, in¬
cluding all models, from the following eight, airlines which serve every
nine
1945—Month—1944
stores
company
the
$2.61
the
Still
r
.
,
.
is planned to produce some 68 of
the.military type Constel¬
modified and refined for airline service,., for immediate de¬
further luxury refinements are being
completed now for
production early next year.
An effort was quickly made to acquaint
other prospects with the Constellation
program, and as of this date
—»
$539,000 for comparable period in 1944.
(1)—Above
of
■
1,211,460
«
stock
share.
common
excess
tnonths of
—
ami
9
1945,
it
lations,
livery.
9,090,982
$1,981,799
declared
Number of shares of common
.
Thus
6,502,000
—
.
■
t
Jan.
a credit of $462,203 during the
previous fiscal year.
The consolidated balance sheet shows
that, as of June 30,*
.-•This
250,000
——
♦Provision for Federal and Dominion of Canada
inc. & exc. profits taxes & contract settle.—
„.
share
per
holders
to
on
compared with
it
would not have been possible but for the
prompt and full co¬
operation of the Army, and the enterprise and dispatch with which the
first two airlines to buy the
planes, Transcontinental & Western Air,
Inc., and Pan American Airways, Inc., 8igned firm orders.
the
to
1,
■Icreated
tooling to build it also belonged to the Army Air Forces. How¬
four days later the company opened its factories with firm
signed
reporting for work. Y,
cents
was
for airplanes from
two airlines,
ancl with an arrangement
from the Army Air Forces to take, ever the work in
process and tooling,
and with 38,000 tctjal employees
$50,865,380 $55,173,105
-
15
1946
particularly labor costs, increased due to wartime conditions.
Fur¬
thermore, during the year no excess reserves for doubtful receivables,
contracts
Total
'
9,
disbursed
represented largely by additional Federal excise taxes on
which,
under OPA regulations, no profit could be realized.
Operating expenses,
measures
version
in
sales,
largely
the
ever,
.
had
2334.
Jan.
was
June 30, 1945, were the largest in the
company's history andl
$305,786,398.
Compared with net sales of $279,194,622 during
previous fiscal year ended June 30, 1944, there was an increase of
$26,591,776, equal to 9.5%.
Eoth the drug and liquor divisions showed
substantial increases.
However, the increase in liquor sales was duo
-
a
plan.
The work In process of
belonged to the government, the cor¬
payable
amount
the
answer
obstacles to such
many
C-69 Constellations
like
p.
161,
200
were
202
Net
•
closed .and :,the
Initial
A
$6,041,069 -$6,124,813 $54,014,723 $53,810,311
The
themselves
v
':
•
of
totaled
Upon
these
'
:
-
.
ended
,
There
(Excluding
"•'■;
■
were
$1,
par
1945.
William J. Murray, Jr.,
the broad
question of what the corporation's plane building
activity should be.
Viewed from any light it was
apparent that the Constellation project
provided the best means the corporation had" of re-entering the com¬
mercial market and 'assuming or
bettering the position it hold in this
field before the war..
Accordingly it was decided that a determined
effort would be made to reopen the
plants with a commercial version
of the military Constellation, the
P-80, and the Navy patrol plane as
the backbone of a
manufacturing program
-
*
Link-Belt Co.
9
'
transferred to the main plants In Burbank.
intended to reduce general expenses, were taken.
161,
2661.
p.
Tv.
Angeles,
share.
\,The 1944 scrip lias
'
>.
'V.
McKesson & Robbins, Inc.—Annual
Report—
was
,
,
work load
the
$15
it
work-week
with
resulting administrative and operating
economies; fc Executive, salaries were reduced.
The central California
feeder parts plants, as, well as some
parts plants which the company
has'been' operating in metropolitan Los
either
must
capitulation
ft.; 40-hour
agent,
an
share.
per
Any
the Japanese
.
1944
have not been redeemed.
Harris Trust
Savings
115 West Monroe St., Chicago 90, 111., presently
equivalent of 98 full shares which can be purchased
toy scripholders at $15 per share on the basis of "first come, first
served."
The current market value of the company's stock is about
transfer
available
and
stock,
17,
1945.—V.
There
>, •;:
President Truman's announcement that the war
had ended all the company's plants were closed for lour
days. YThere
was need
for prompt/planning and action.
.Certain required adjust.ments were made to .meet the new conditions.
It was decided to install
Y*YYYf
...
about
of
stock
1945,
certificates
Bank,
lias
May
"
14,
with
Army. «nd the Navy-for Jarge .cargo planes.
,
f.
.
,
The B-17,
the P-38, the PV-2, and the C-69, the latter being the
military version-of -the Constellation, have all been cancelled.
As a
result the military and naval
backlog of the company is now estimated
y
the
on
1945,
Commission.
to
1945,
declared
was
Nov.
on
as
Exchange
is
in
Y
,
Stock Distribution—:
directors
thereafter
soon
Securities
the
for
stockholders
1394.
,,
Line Material Co.—5%
.At
162, p.
week
'
-
':'•
dividend
a
McCrory Stores Corp.—October Sales Off 1.3%—
Company's, present program consists of a moderate production of
its P-80 Shooting Star jet fighter lor the
Army Air Forces and a
pilot line production of a new land based Navy patrol plane known as
the. P2V-2.
The company has experimental contracts with both the
first
Dec.
declared
Period End. Oct. 31—
and
between
connection with contracts terminated
in process of settlement.
14
a
eut even further.
contracts, are stated ab
through
termination
claims.
recoverable
are
Sales
the
minority
cost-pJus-fixed-fee
be
Nov.
on
capital
record
im¬
within
directors
the
on
were
provision "for
the
for
to
y'
changes came faster
Germany our production
of
receivable
considered
the
The
de¬
Germany,
.
Loft Candy Corp.—To Pay 15-Cent Dividend—
>,
schedule
surrender
50%
over
of
und
the
'
affected
and
\
restrictions similar in character to
previous credits (such as a
that unless agreed to by certain of the other
parties to the
company will declare dividends only out of earnings ac¬
cumulated since Jan
1. 1944) the compariy hns agreed to assign tho
proceeds from each war production contruct of
£1,000,000 or more to a
trustee as security.—V.
162, p. Ib02.
•
advance
before
selective
more
total, $156,119,603..
ana
credits
working on a
changes, and
internal replanning.
The
disposal of personnel, ma¬
required
$24,408,608;
provision
:
latter
and facilities/ and, oi course, each new schedule had an
effect on income..
Sometimes the schedule cut-backs
mediate
accounts
ants
of
avail-
this
company might be
all required schedule
industry-wide while sometimes they were
only an individual oompany or even an
$2,551,816.
the
paid-in
surplus.
(2) Notes payable to banks were issued under a
Regulation "V" Loan
Agreement, dated as of Sept. 30, 1944, which provides the
compunv a
involving credit of $175,000,000 until Sept, 30, 1947.
Aside from coven¬
rep¬
31,
post-war adjustment, $15,778,474;
$591,512; reserve for ac¬
equipment, $249,408; capital stockr *
surplus,
$10,066,074;
capital
surplus,:
property,
Subsequent to
prior to June 30, 1945,
of
and
leased
Claims^-amounting to $1,981,589 in
Mechanically these
termination, cut-backs
full
reduction
a
given
a
cut-backs
in
this spring.
included
$1,675,889;
earned
amounts
compared to the final six
reduction in war purchases
as
general
early
and
and
which
These
year,
the
substantial
delivery
rates
this
oi
$1),
of
for .government-owned
June 30, 1945, the major portion of : the
company's war contracts was terminated.
Costs relative to these eontracts, included in inventories in the case of fixed-price
contracts, and
been
have
contingencies
rehabilitation
NOTE—(1)
,
'
attributable
complete
replanning involved-rearrangement and/or
1945
Treasury
bonds,
$50,000;
$14,372; furniture,, fixtures
for depreciation of $29,443),
deferred charges, $115,222;
be
contract.
current
(par
$564,392;
about
cost-plus-a-
on
for
countability
continued
war
would
models
to current cash earnings,
months
year,
to
in
and
1944
this
on
and
is
took various
livery
given
$3.33
S.
insurance,
$65,807;
LIABILITIES—Notes
able,
hand,
on
life
cost
at
and
of
which
contracts,
V
of
six
24,478
'<>-•
—
1
$1,948,595;
value
$22,913; goodwill,
!
banks
$134,530),
surrender
year 1944, during
cost plus-a-iixcd-fee
company's
amortization,
22,500
common/share———
CONSOLIDATED BALANCE SHEET, SEPT. 30,
' '
the
on
profits taxes in the amount of $5,850,000 which
which
Y > 32,706
stock
per
the
and
these
Common
of
contracts
increase, in addition
'
Earned
1
all
with
done
for
reserves
•;;
price contracts was being increased in 1945 both
cost-plus-a-fixed-fee project to fixed price and by
tion
months
>->•
participating preferred stock—--—.
cumulative prior preferred -stock—:—:.——
cumulative
Hfc
X.
fixed
price
as
199;
reserve
*
,
12,969
—__—,
dividends
contracts,
was
Working capital on June 30, 1945 was in excess
resenting an increase of approximately $8,500,000
able
"
(
amount, $4,457,557 is represented by excess profits tax refund bonds
maturing on Jan. 1; .1946.
,Y. Y,
t
»
The reduced ' sales and the
corresponding reduction in net Income
281,992
income
.J'6%
</
30, 1945. including costs and fees
were $237,189,619
and net income
fixed-fee contracts.
for
.1
longer
fixed
excess
to minority interest
applicable
•
$552,001
for
prov.
Y Y
:
1945
30,
income)
on
Income
ended
.
.
„_Y———-——:
Operating
.:*$<
o•.
states in part:
contrast
This
CONSOLIDATED INCOME STATEMENT.
■:
'i*
:
Lincoln Service Corp, (& Subs.)—Earnings—,/
By
.
business
of
percentage
on
•
the
converting one
taking certain new orders
$66,331,012 $61,546,232 •*'.
-:-iI
->o>
..
of
by
1945—9 Mos —1944
$7,159,813
Corp.—Report to Shareholders—
President,
cost-plus-a-fixed-fee
on
was
;\?V-.'':::';:::
Period
Gross,
the half year ended June
„
75Yc
Sales
E.
Sales" for
2395
McLelian
Stores Co.—October Sales 4.6%
Period End. Oct. 31—
—V*
1945—Month—1944
Higher—
1945—9 Mos
S3,733'236 s3.569"011 $29,370,393
{
?
'V
—1944*
$27,457,40$
'
"
■>V'';-.'t*A,"'.'rT '//:' //.'*'' fft&fr
profit after
30—
1.25C.000
2.830.000
6.380,000
operating
80,000
125,000
330,000
$468,850
$819,772
597,335
7
$1-37
$1,930,476
$2,185,595
597,335
597,335
$3.23
profit
;
——
597,335
r
Earnings
—V.
$0.79
share
1394.
per
162, p.
made
732.000
$3.65
Federal
Net
Shares of com. stock—
,.
,
.
.
.
excess
income
Net
■
than
taxes—other
income
Federal
State
profits
983,246
tax..——
income
All
have
and
stock
share-foi-share basis, into common
to, but not after, Dec. 27, 1945.—V. 162, p. 1892.
up
—V.
a
on
——
162, p. 1771.
fund
1945—Month—1944
1945—10 Mos.—1944
$2,872,849 $30,956,172 $29,235,940
Period End. Oct. 31—
Sales
—V.
162,
oper.
expenses
1945—3 Mos.—1944
1945—9 Mos.—1944
$5,305,000
$6,497,970 $19,159,000 $18,944,979
Period End. Sept. 30—
sales
423,111
208,762
417,684
$0.37
shares—-
No. of com.
share
charges and taxes.
per
"After
com.
President
Alvin
$115,089
was
"$30,072
165
3,001
2,115
$17,535
income
Gross
Fed.
<fe
"$21,700
$113,090
"$27,957
2,270
1
658
State
taxes
income
46,238
—.
the expected avalanche of can¬
cellations,
These applied more particularly to the Furniture Division
as
the war products of that division were mostly of the type that
were no
longer needed with the cessation of the armed conflict.
With
all the implications involved, these cancellations were most welcome.
Total company sales for the fourth quaiter should approximate the
deficit.—V.
or
'
$69,432
"$21,790
$10,120
income
"Loss
$27,958
$5,300,000 for the third quarter.
"During the quarter the debentures
$18%
paid through loans with
insurance companies and banks.
The interest rate was reduced from
3%'// to approximately 3'/> average-and $103,000 of unamortized expense on the debentures was written off.
;"The Container and Plywood Divisions face no reconversion of
facilities and that phase of the Furniture Division reconversion should
7 be completed early next year."—V. 162, p. 2275.
were
Mercantile Stores Co., Inc—October Sales
'
•
_
^~V.
162,
1771.
p.
Minneapolis
and
taxes
"Earns,
"Based
on
ferred dividend
The
costs
as
and
"Net
"
items
of
end
war's
and
these charges
If
reconversion.
•
deductions,
the extent of
them to
•
during
.t^he balance of
^
of
International
European,
for
Colonel
Ffcdefgl
of
the
Ordnance
Department.
U.
S.
Income
income
stated.
was
those of
P.
C.
In
and
former
162,
7
Ontario
&
(Including those of its directly
•
United
States
Period End. Sept. 30Net sales *
t "Cost of
....
Paper
"1944
7
Ret'profit'on
Other income
Total
share.
of
$5,904,129
4,774,214
Int.
v
Prov.
funded
on
for
excess
-
Gain
on
bonds
/
453,719
with
$437,083
$729,840
$1,502,647
3,659
65,021
$438,903
^172,986
437256
•
and
$1,891,246
1.820
;
—
debt—
1,414,197
$1,894,905
■
.
.
86,659
221,834
598.587
•V;.,...
0190
income—
Ct
income.
$460,484
Cr 1,509
1•
vY
ChargffjlV to-; depletion,-.—....
.
3,8791
:■■■■■&
$947,928
:
v?
l iub 74k
V
hio inn
——-
Period End, Sept. 30—
v
Prov.
for
^depreciation.
Provision
Gross
&
Net
208,402
for
.Corp.,. Ltd.—V. ' 162,
Dividends
on
r
78,600
Net
$870,725
19,524
$917,946
233,336
—
All
by
$50,661
10,049
$40,612
1771.
r
;
-
.
$51,721
20,693
stock
25,961
and
—V.
SHEET,
$31,028
248,31,6
($5
$350,941
$255,365
M^gromery Ward
& Co,, Inc.—October
^V.A'&~~P~~2275~~~~
'
'
Sales—
t
1945^9 Mos.^-1944
$70,475,011 $491,434,882 $466,668,975
will
below.-—V, 158, p. 1735.
oivck
be
be
sold
the
by
certain
to
company
stock
common
the
of
several
completion
foregoing
the
of
,
Common
inc.
.
Outstanding
SEPT. 30,
23,890
162,
p.
$147,593
1,611
829
from
fr.
int.
and
stock
(o)
The
Interest
Prov;
taxes—_
$31,309
$1,038,589
$154,568
13,000
78,200
78,799
$78,253
.
616
;■
contract
a
$78,869
the
by
$20,570
$76,368
9,232
27,981
$48,130
•
27,114
with
under¬
shares, the price per share and the aggregate pur¬
each class of such securities to be so purchased are
of
of
'
Common
Fibre
t
f 1,148,697
19,075,000
1,295,284
14,150,000
$2,667,515
$8,910,673
2,206.494
2,206.392
price
,
$102'
:
102
2,000 ;
,
$204,000
204,000
2,810 5/31
102
286,636
16,700
300
5.010,000
-1,275
2.328,150
stock
1,826
,
-
750
400
430
100 ""
570
560
——
—
stock
B
stock
preferred
—
.300,000
stock
——i
^^43.60$
;
319,200
$8,694,986
Subsequent to such purchase by the underwriters and prior to their
of the securities now offered National Vulcanized Fibre Co.
'
v
(1). Purchase from one of the underwriters at $102 per share, plus
/accrued dividends from Oct. 1, 1945, the .2,000 shares of Class A
delivery
y
will:
.
.
preferred stock, 2,000 shares of Class B preferred stock and 2,810-5/31
shares of .8^. non-cumulative preferred stock (which purchase will-'
require an aggregate of $694,636 exclusive of accrued dividends, which
will be the cost of such shares to such underwriter); and file a'cer¬
;
tificate
stock
;
retiring
Purchase
shares
570
said
all
from
shares
one
of
Phenolite Co.
The
of
of
common
preferred
of
stocks.
(-he underwriters 750
and
430
shares of
of
stock
B
preferred stock
Specialty
the case of
aggregate of $662,200, plus, in
accrued
dividends from
Oct.
1,
1945,
.
shares of common
Class
Fibre
an
such
Manufacturing
such preferred
sum
being
the
/, aggregate cost of such shares to such underwriter and being $283,374
in
the
of
such
books
(3)
Amend
its
book value of such shares
companies as oi June 30, 1945.
aggregate
(b)
as
shown J3y
change
of
incorporation
of " the
capitalization
its
authorized
capital
so
as
to
company
stock
so
as
'
•
.
certificate
authorized
the
.stocks;
>
of
excess
irom
$8,080,974
2,206.392
share
2,000
"Exclusive of accrued dividends from Oct. 1,
1945 to the date 6f
purchase in the case of the preferred stocks of National Vulcanized
Fibre/Co. And- -Fibre Specialty -Manufacturing• Co;.' '"""'/y' /v:
the
4,425;000
Aggreg.
purch.
"Price per
Specialty Manufacturing Co.:
,;.r Total
$7,413,742 $11,274,216 $40,338,368 $34,265,419
3,721.954
3,752,432
11,203,998
10,739,161
'"429,269
*
.
Fibre Co.:
A
Common
stock,
1945—9 Mos.- -1944
-
(a>
the
to
eliminate
preferred.
consist
of
16,700 shares of special stock (no par) and 1,000.000 shares of common
($1 par) and (c) change its presently outstanding 3,000 shares
stock
Net
profit —$2,027,502
shares outstanding
profit per share—_
Com.
2,206.494
$0.92
'""After deducting ccst of sales,
other
expenses,—V. 162, p. 676.
$1.21
S4.04*
selling and general expenses,
$3.66
and all
of
common
stock
(no
par)
(which
shares
have
aggregate stated
into 294,000 shares
an
'
value
of
on
the
common
books
stock
of
the
mon
stock
(no
par)
will
of
company
par): •
fCertain of the underwriters.
<$i
''
n«
"/
the
pursuant to
$56,053)
'.
holders of
the
1,826
change
&
■S
of common
Co,
below:
Phenolite Co.:
—Earnings—
•1944 'J ?
total of 3,000 shares;
prelerred stock
Class B preferred stock
8%
non-cumul. preferred stock—
Special
stock
Cr2,2Gl
9,840
a
Fibre
shares
Class
33,000
Cr2,261
r
314,286':
•1,350,000
Vulcanized
No.of
& inc.
charges
for Fed.
shares (out of
1,174
number
price
forth
and
divs.__
into
purchase
Specialty Manufacturing Co., other than (a) the shares
presently held, in the treasury of that
National
of
chase
set
676.
oper.
and
the
from the several
selling stockholders, all of the
stocks of National Vulcanized Fibre Co., The Phenolite
Fibre
and
Co.
V 881,537
6.975
1945—3 Mos.-
STRUCTURE
entered
for
(b) the shares of The Phenolite Co. and, Fibre Specialty
Manufacturing Co.
presently owned
by
National Vulcanized Fibre
and
charges
have
providing
severally,
Common
76,500
$20,480
$14,270
deprec.
CAPITAL
OF
underwriters
company,
i945^-9AIos^-i944
$367,208" $1,200,589
312,838
' 976,496
:
the
outstanding
Co.
$2,241,763;
$44,834
32,175
.1,000,000 shs.
par)
stockholders
selling
writers,
1945
$46,445
taxes
($1
READJUSTMENT
of
Certain
the
-
$3,500,000
*'"•
1 515,272 shs.
$3,500,000
I960
stock
■
the capitalization
following:
the
of National Vulcanized Fibre Co.
I945--3Mos^1944 -
deducts—
1.
:
transactions;
company-will be comprised solely of
Oct.
($11
under¬
\
Authorized
"due
the applicable provision
27,720
profit
"Profit
Net
Na«hawena Mills, New
Bedford, Mass.—Offer for Stock
See
3,000
cf the* above-mentioned classes of preferred stock
special stock will be purchased and retired
all of the shares of the above-mentioned common
exchanged for 294,000 shares of common stock, ($1 par)
84,149
$171,216
" $0.38
gen-
peprec., deplet. & amort.
SaTes^ End' °Ct' 31~1 *£9ttZ%OTlth^1944
12,000
shares
National Vulcanized
par),
345,195
&
Period End. Sept. 30—
.
$532,084
the
will
the,
of
■;
-
stock
National Steel Corp. (& Subs.)
$599:257
7/ 152,524
116,700
par)
writers,
21,838
83,908
2,000
34,000
par)
(no
2,000
"2,810 5/31
company,
Upon
______
Shares
.
4.000
$3,500,000 of debentures and 221,272 shares of
par)
plant,
including intangibles,
$10,855,919;
accounts,
$228,349;
cash on
hand and
in
income
Extraord.
271,467
$684,609
(no
stock
of
the
/ Co, for
*—
pfd. stock
Textron Inc.
stock
the
of
Outstand.
and all of the shares of the
$233,528
;
its larger consumers less
thereon of $69,244.
>
profits
"Includ.
$71,245
capitalization
"Excluding 189 26/31 shares held in the treasury.
•(Excluding 300 shares held in the treasury.
101,845
$293,562
$419,749
for
452,250
1,236,539
665,152
26,908
deduc..
■
p.
of
one
_
excess
3 251307
1,668,279
the
1945,
2,000
(2)
Balance
162,
Prov,
$5,810,822
$77,570
Income^—
income
sales
2,822,187
37,750
30,
cumul. pfd. stk. (par $100
cumul, pfd. stk. (par $100)
ncn-cumul, pfd. stk. (par $100)---
Common
57,588
$0.52
Nei profit -on opersL
Other income Cnet)——
1945—12 Mos.—1944
106,147
June
of
follows:
as
2,000
National Pole & Treating Co.—Earnings—
$6,073,565
39,250
was
7',i
Special
135,924
$235,616
Total "income'
202,946
taxes
other
310,920
and
Shares
327,177
$319,523
jeral expenses
1945—Month—1944
5527,969
v $526,063
Equitable Trust Co., Wilmington, Del. are to be coco-registrar, lespectively, of the common stock.-
and
8/>'
853,716
66,856
138,429
deductions
C "Cost of sales
Selling, admin.
Mississippi Power Co.—Earnings—
Gross revenue
Operating expenses
Manhattan
the
A
682,378'
349,947
—-
depletion.
taxes—.
.
'
;
of
Eank
REGISTER—The
B
$2,392,155
\,/
*
'
1f3a9y5menta 10 Commodity Prices StabiUzatipn
AND
Class
*1944
1945
$2,591,271
751,392
912,485
,
—
Period End; Sfej/t; 30^"
Net
339 076
specifications.,
/
AGENT
agent
Class
Cr3,354
$989,780
customers'
with
accordance
were
010,658
3,354
$340,187
.
—V.
1945.
first lien col¬
lateral
trust
bonds, series "A", 5%
due Aug.
1,
1953, $2,090,270;
current and accrued liabilities, $570,223;
consumers' service and line
extension
deposits, $73,632; deferred credits, $134,198; reserves for
retirement and depletion, $3,437,898; reserve for revaluation of utility
plant,- including intangibles, $1,119,277; contributions In aid of con¬
struction, $13,769; capital surplus, $902,185; earned surplus, $1,730,986; total, $12,314,199.—V. 162, p. 989.
269,702
684,800
in
and
j
———
LIABILITIES—Common
$1,567,668
Cr234,537
188,587
226,100
♦Itjtifudes: 7 -7"''; V
Charged to depreciation
351.397
Int.
Sept. 30—
fund
$12,314,199.
•
taxes.-,
mortgage
purchased
net
,
■
.
30,
invest¬
banks,
$313,833; U. S. Treasury securities, $200,000;
special cash deposits
(contra), $16,535; other special deposits, $24,091; accounts receivable,
$224,853; accounts receivable—subsidiary companies—not consolidated,
$482; interest receivable—subsidiary company—not consolidated, $3,023; merchandise, materials and supplies, $326,219; other current as¬
sets,
$444;
prepayments, $40,832;
deferred charges, $79,617; total,
1945—9 Mos.—1944
inc.
Consbl.
„
Sept.
income tax
and
ment
1,453,796
the
orders
Del.,
company
ASSETS—Utility
»
subsidiaries)
455,287
,
$676,196
£3,644
opers.
income
profits
Extraordinary
•
re-
(& Subs.)—Earnings—-
Electric Corp.
CONSOLIDATED BALANCE
$5,849,881 $18,271,484 $17,715,071
4,957,511
14,926,442
14,798,227
tPaym^nts
;
;
before
but
i
indirectly wholly-owned
for
CAPITALIZATION—As
$173,111 by reason of a minimum requirement clause in a gas sales
contract
gen-r
(net)—
income
or
Canadian
of the capital stock of National
70';«
1934.
transfer
figures exclude operating results of National Utilities Co. of
due to the liquidation of that company in Dec. 1944, and
net income of $103,866, or the equivalent of 23c per
Such $103,866 represents the receipt by a subsidiary company
(Minn.)—Earnings—
1945—3 Mos.—1944
sales-,—
Selling, admin, and
eraf expenses
and
Co.
of
ton,
non-recurring
with
Co.
$0.72
Missouri,
for Federal
,
ended
months
nine
Earnings per share
2151.
p.
Fibre
the capital
sales repre¬
15-year 4 '/*sinking fund debentures,
terri¬
addition, he will coordinate his activities
Sharp, export manager.—V.
Minnesota
•
taxes
profits
income——
Net
has
dent, it
-.
and
19^2
$958,434
1,335,701
income
Gross
Total
new
of
the
operating income
income
(net)
Other
The new department,
Army,
a
New York, and Irving Trust Co., New York, are to be transfer
agent and registrar, respectively, and Wilmington Trust Co., Wilming¬
and
manager of motion picture sales in Paris for Eastman Kodak
been named manager of the new division and will start his
duties Nov. 15.
He will assume responsibility for those portions
foreign trade formerly handled by Thomas MocDonald, Vice-Presi¬
Co.,
for
Taxes
torial
•,
sales
General
understanding ot foreign market requirements.
H.-Westphal, recently .honorably discharged as Lieutenant
William
<
of
as
LISTING—Company has agreed to use its best efforts to procure in
course
the listing of the common stock on the New York Stock
Exchange and the registration thereof under the Securities Exchange
better
a
acts
fabricated
TRANSFER
$1,617,679
$0 87
income
Maintenance Wi.:—
——n—
Provision for retirements and
Holland
Asian
all
owns
which
Co.,
1,335,701
$1.21
•
1,335,701
operating revenues——.
-s
Operation: Purchased gas——————i
Other expensed
he said, will centralize the overall foreign sales effort and will make
.
Federal
—
subsidiaries in Sweden,
England
and
company,
National
subsidiary,
company
Co.,
Author.
9 Months Ended
Trade
operates
now
1944
$1,178,423
Total
1
and markets its products in most
South American countries, Mr. Sweatt explained.
v
after
Utility
Minneapolis-Honeywell
and
share
National Gas &
President.
V
the
Products
by
types
8'p
Department of the company to
coordinate and supervise present sales
and production activities in
Europe and South America has been announced by C. B. Sweatt, Vicean
the
addition,
Fibre
Class
the year,
of
Co.,
customers'
$16,913,486; 1944, $19,081,948 and 1943, $20,120,642.—V. 162, p. 784,
Company Forms International Trade Department—
Formation
stock.-
per
Consolidated
were
have been deterred and, together with any ad¬
similar items incurred
will be disposed of at the year-end.
consolidation
a
textile,, tobacco, baking, chemical and other
principally from vulcanized
fibre.
National
the sale of vulcanized fibre and
phenolic laminates and in the manufacture and sale of parts and
specialties fabricated from these materials.
The major portion,-of
the
manufacturing of the company and its subsidiaries i? done on
decrease
and
of
Canadian
owned
In
negotiation.'
$701,651 and if
These excluded charges
ditional
the
of
and
Act
1943
1945
$1,119,190
1,335.701
$0.75
30—
—...
com.
profit
"Net
out
$820,644
the
tax
as
of
Earnings
,
in Federal taxes would offset
the balance were charged to the
reserve previously set aside for costs and losses arising from war con¬
ditions,
it would reduce such
reserve
from $1,088,912
to $969,919,
treated
profit
Shares
that the figures for 1945 do not include
representing inventory losses, reconversion
similar character incurred through Sept. 30, 1945,
pointed
of
result of
a
9 Mos, End. Sept.
$2,283,939
.
requirements.
company
aggregate
an
$2,404,991
result
company
industries,
(Including Wholly-Owned Domestic
-J
$654,435
$510,600
the
as
Fibre Co. of Canada Ltd. is engaged in
Co.—Earnings—
Subsidiaries)
National Cylinder Gas
share f;
$0.34
$0.46
$1.72
:
$1.65
1,243,800 shares of common stock after allowing for pre¬
wholly
Ltd.
various
194:2
$53,651,796
.
com.
1901
due
1945—9 Mos.—1944
1945—3 Mcs.—1944
•
r\
—
per
Regulator Co.—Earnings—
Honeywell
in
its subsidiary, The Phenolite Co., all of whose output is
by the company. Company is also engaged in the manu¬
sale
of
a
wide
line
of
parts
and
specialties for a
variety of electrical
and
mechanical
applications fabricated
from
vulcanized
fibre and phenolic
laminates.
Fibre Specialty Manufac¬
turing Co. is engaged in the manufacture and sale of containers .of
2,466,086
$1.51
1,993,712
$1.22
—
formed
two
facture
880.
p.
Period End. Sept. 30—
N$t profit alter charges
-r
Higher—
profit
time to time the company has absorbed, or
other companies, of which the most important
Fibre Co. acquired in 1922.
The latter
From
Standard
of
tured
(& Subs.)—Earnings—
Sept. 30—
1945
1944
1943
—_$52,594,366 $72,355,118 $81,134,803
Delaware
purchased
2,517,831
2,276,030
Earns, per com. share.
•
$1.54
$1.40
"After depreciation Federal income taxes (for first nine months of
1945, $999,592; 1944, $1,036,542; 1943, $1,036,735 and 1942, $2,048,108)
and excess profits
taxes (for first nine months of 1945, $1,318,000;
1944,
$3,681,000; 1943, $14,692,000 and 1942,
$2,311,499).—V. 162,
"Net
$5,515,444 $50,229,020 $39,379,858
$7,085,200
—
sales
Net
1945—10 Mos.—1944
:1945—Month—1944
Period End. Oct. 31—
Sales
9 Mos. End.
in
.
Inc.—Special Offering—A
share, with a commission of 35 cents, by Rey¬
Co., and Schwabacher & Co.—V. 162, p. 880.
National Cash Register Co.
>
V
>
incorporated
was
which acts as a sales representative for products of
and, to a lesser degree, for certain other products not
produced by the company.
iCompany is engaged primarily in the manufacture of vulcanized
fibre and in the sale, in the form of sheets, tubes and rods, cf this
product and of laminated phenolic thermosetting plastics manufac¬
per
nolds &
beginning March
year,
Vulcanized
one
and
the
special offering of 15,675 shares of capital stock (par $1)
was made on the New York Stock Exchange Nov. 14 at
,
.
the
at
$75,000
31. 1946,
income.
net
in,
has
Insulations
National Automotive Fibres,
and
companies,
sentative
P- 2019.
162.
each
of
30
BUSINESS—Company
been
turn
Canada
of
stock
Net
inclusive,
the oldest of which had been organized in 1875.
domestic manufacturing subsidiaries. The Phenolite
Co.
and Fibre Specialty Manufacturing Co., in both of which there
are
at present substantial minority
interests but which will become
wholly owned by the company upon completion of the present financ¬
"Shortly after V-J Day we received
'
in
&
American
several
ing,
6,751
—
Sept.
23, 1904.
interests
the
Company
on
$1.20
$1.36
to stockholders states:
Voit in his report
A.
•
"$21,865
Deductions
.622,176
> 417,684
723,074.
423,111^
$0.40
207,647
profit
Earns,
556,749
1,040
—
1958,
to
of debentures.- If net income for any fiscal year
the company will apply as an additional sinking
equivalent to the diiiercnce between $150,000 and 25
consolidated
Dec.
acquired
"
$16,495
revenue^.—
income
Other
and
31
sum
had
Net oper.
"Net
$526,677
$347,390
330,900
revenues—_
oper.
a
such
on
1892.
p.
Mengel Co.—Earnings—
Net
1945—Month—1944
$173,365 $1,114,983
999,894
I95,231x-
-
Total
1S47
years,
on
$800,000,
HISTORY
1945—3 Mcs.—1944
Total
$3,753,743
retail.—
at
Period End. Sept, 30
the
of
i
prior to Oct. 1, 1946,
Oct. 1, 1946, and on the
107
>/2 point
redemption
exceeds
of
Corp.—October Sales Up 30.7%—
Melville Shoe
the
to
$1,452,441
—'
income
National Airlines, Inc.—Earnings—
1
March
on
Net
.,
convertible
is
deductions
Income
807,598
1346, at $27 per
1,
been
dividends.
stock
This
con^"ljble p£t*frre*!
outstanding 60,000 shares df 4V4%
called for redemptioon on Jan.
the
of
stock
share
each
of
1
at
;
•
-
redeemable
be
reductions of
successive
principal amount on and after Oct. 1, 1959, to maturity.
A
sinking fund provision requires the company to apply
$2,260,039
income
Gross
will
debentures
at
Oct.
Inc.—Calls Preferred Stock—
(P. R.) Mallory & Co.,
public offering of $3,500,000 15-year 4%% sink¬
a
The
and
11,633
—
Securities Offered—
—
private to public ownership,
$2,248,405
—
—
Co.
These offerings mark the transition of the company from
102,667
operating revenues—
Other
254,160
profits
excess
Vulcanized Fibre
ing fund debentures, due Oct. 1, 1960 at 102%% and 400,220 shares of common stock ($1 par) at $15 per share.
829,573
taxes.
''
Securities Corp. and E. H. Rollins & Sons, Inc.,
headed an investment banking group, which on Nov. 14
5,836,745
—
>V:../-'': /" fl'vV/..'-
""'V-
■ - - Monday, November 19, 1945
•
-■
Union
1945.
$10,986,796
revenues.—.
operating expenses.
Property retirement reserve appropriations—
Taxes—other than income and excess profits—
7,680,000
375,000
:::";:-0,;V j.i'-;; • //;/://-//'"
.; ;^-.
National
31.
Total
taxes.,.—
conting.—
for
Total
and ex¬
profits
cess
Reserve
$8,640,476 $10,240,595
$3,774,773
81,798,850
deprec.^„-
income
Federal
1945—9 MOK— 1944
1945—3 MOS/—1944
.': ■>',
"■ "'-■.//
.
Missisippi Power & Light Co.—Earnings—
EARNINGS STATEMENT, 12 MONTHS ENDED AUG:
—Earnings-^-
Mack Trucks, Inc
Period End. Sept.
''' '..! -TXi
:
FINANCIAL CHRONICLE -"■
THE COMMERCIAL &
2396
shades
referred
to
of
com¬
in
(c)
I
——:
Volume 162
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4439
above
become
which
scares constitute
the
holders
of
shares of common stock
178,948
l6cue
(4)
debentures
of
sell
and
certain
underwriters
the
of
of
$3,500,000
Gross
993/4% plus interest from Oct. 1, 1945, or an aggregate
plus
accrued
interest,
and
221,272
shares of com¬
<$1
par)
iwhich
shares
constitute
a
of . the
portion
$6,106,881
oliered
this Prospectusi, at $13 per share or an aggregate
of $2,876,536. being a total of $6,367,786, plus accrued
books
the
of
of $491,176) lor
thereof to such
company
(being
$5,010,000
the
cost
aggregate
an
file
and
retiring such
16,700 shares of special
stock,
thereby
such special stock from the authorized capitalization.
completion of the foregoing steps the authorized capitaliza¬
the company will consist solely oi $3,500,000 of debentures, all
(Upon
tion
of
of
will
which
of -the
be
outstanding
underwriters,
all
and
of
will
which
be
held
certain
by
all
of
being offered.)
the
shares
of
the
held
be
to
so
Total
own
294,000
will
receive
writer).
'
stock
($1 par) (of which certain
sharesi; (d) certain of the
A-
"•■r":
'J.
■
interest,
expended.
in
which
and
them
above,
will
be
of
aggregate
an
substantially
receive
commissions!
set
ss
for
(after
the
the
178.948
deduction
of
sum
forth
in
(c)
$13
shares
above
and
current
the
foregoing
(before deduction
of
discounts
(aggregating
substantially
common
will
receive
purchased
or
an
stock,
(after
frcm
PURCHASE
of
the
to
and
with
stockholders
be
each
of
selling
in
mentioned
is
also
to
of
the
selling
forth below
set
by
as $'result
to
the
Rollins
Eastman,
below
named
stockholders
have
which
in
severally
number of shares of
the
of,
the stock
entered
each
and
underwriters
Sons
&
&
New
place
Inc.—:
Gas
Co—___
Parsons
Gas
the
an
1
of
the' company
chased.
1.095%
100%
covered
by
tXumber of shares of
common
m UNDERWRITING
AGREEMENT
AND
The
firms
and
company,
($1
of
named
in
below
underwriters,
orf
shares
and
of
below
(2)
common
the
opposite
forth
set
at
a
stock
respective
which
opposite
price
($1
names
the
of
the
respective
$13
of
par)
of
the
have
an
agreed,
E. H.
Securities
CoTp.^_ $600,000
Robins & Sons Inc.
company
Kuhn,
Locb
Eastman.
<fc
Co._
Dillon
&
the
Bitseii & Meeds.
Reynolds
Corp.—— $250,000
Co.,.
&
250,000
White,
250,000 *
Francis
duPont & Co._
200,000
Graham, Parsons & Co..
200,000
250,000
.
NUMBER
OF
I.
&
Co.—
,tt
r
,
Weld
250.000
COMMON
i
r
.
Lee
Corp
Corp
Republic Co. Inc.
SHARES
Central
Paul H.
A.
32,272
Davis
&
Marache
The
Milwaukee
Boenning <Si
Loewi
9,000
d:
Co.—:
fc
Co,
Co._-„
&z. Co.__——.
Estabrook -<fc * Co—._ i——
Biosser.—.J—
&
Writer
&
^'
4,000
4,000
Chris-/
_
r
4,000
of
4,000
and
Sullivan
Bros.
Dewar,
i
&
Boyce.U—£
&- Co,..—4,000
Robertson &
i
Farweil,
'
Henry
——L '.
Chapman & Co.v
2,000
.
' lr>
for th? week
its
2.000
the
2,000
over
5,000
-"
Francis I.
&
duPont
&
Co.L
2,000
1,000
'
<
*
J 1«
f
'i liw
(3
f'J)
1944--
'
..
i
633.000
.
'131,005
636,522
,
61,606
and
expense
dcbs.i___
on
1,190
andvsurplusiiu-:^i->.-.' $14,177,300» $16,428,699
for
dividends
common
per
and
3,821,249%. 3,821,249
surplus__ $10,356,051
share___,__.
common
$12,607,450
$1.21
...
:
$1.47
2276,
shares
of
value
has
called
for
outstanding $6
price
of
$110
Pfd. Stocks—
redemption
A
and
B
preferred
share,
per
Jan.
on
plus
1946,
1,
stock,
no
;
all
the
at
par,
dividend
accrued
of
from
Sept. 30, 1945 to the redemption date.
redemption, the company will have 150.156 shares of
stock
common
outstanding.—V.
162,
$20
1287.
p.
North Continent Utilities Corp—Additional Sales—
The corporation has proposed
the
following, transactions : which
have the sanction of this SEC.
1
(a) The'sale by Elk River Power Si Light Co. of all
Its.physical
properties to the Village of Elk River, a municipal corporation in
Minnesota, for a base price of $50,000;
(b) The following sales by NewvMexico Public Service Co. of
pertain
of its physical properties, known as its "Farmington
Division"!
(1) The sale of the properties of the "Farmington DMsion," located
in
the
Town
of
Farmington and extending five
miles
beyond the
-
output
electric
reports
or
31,
reported at 128,573,000 cu. ft.,
below production of 131,413,000
is
2.16%
week
a
ago.
year
extending
0.64%
or
production
below
year
a
ago.—V.
162,
p.
of
549,152
number
to
price
Exchange
Period End.
Reserve
kilowatt hours available for its
1945, as 61,754,053 compared with
Nov.
Commission on
8
gave
Inc.
below,—V.
157,
p.
108o.
Net
that
*
its
—V.
of
miles
beyond
Power
162,
the
Co.,
Town
New
a
of
Farmington's
Mexico
corporation,
2021.
p.
1945—3
taxes.
'
Mos.—1944''*$
$514,553
Fed.
$451,172
,,
1945—^ Mos.—1944
$1,372,720
$1,491,163
339,005
280,172
972,131
856,939
$175,548
$171,000
$510.0^2
$515,781
$0.22
$0.21
$0.65
$0.65
shore___.
per
2311.
p.
Ohio
,
Co.—Earnings—
Sept, 30—•
profit
for
162,
Associated
Telephone
Co.—Correction-
earnings statement published in the "Commercial and Financial
Nov. 12, 1945, is for the month and nine months ended
Chronicle", of
.
1944
Sept. 30, 1945 and
162, p. 2311.
ap¬
five
(not
and' nine; months
stated)
as
V.
''
Pacific Telephone & Telegraph Co,
—
Registers With
SEC—
The company has registered with the Securities and Exchange Com¬
mission $75,000,000 40-year 2n/4% debentures due Dec. 1, 1985.:
The companv proposes to offer the bonds at competitive bidding and
will
receive
filed
.
bids
at
on Dec.
of the
a.m.,
The
>
five
Light and
$90,000.—V.
Basin
earnings
Earnings
Room
by
2315,;
underwriters
and
the
amendment.
debentures
before
New; York,
Broadway,
195
10.
names
to
price
'
the
public will
be
,
the retirement
of the two series of bonds outstanding and to reimburse the treasury
in part for uncapitalized expenditures made for the retirement of other
bonded indebtedness, the acquisition of property and the completion,
extension and improvement of telephone plant.
Bonds to be retired
are
the $29,652,000 refunding mortgage 3'/«%, series B, due April 1.
1966, and the $24,916,000 refunding mortgage 3V*%,- series £, due
Co.—Quarterly Report—
period.
third
Town
of Farmington.
a
municipal corpo¬
a base price of $210,000;
properties
of
the
"Farmineton
Division,"
Norwich Pharmacal
2275.
HudsOi^ Power Corp.—SEC Accepts Plan—
and
the
the
a
of
ended Nov. 3,
of
than
more
base
a
to
Mexico, for
sale
boundaries
de¬
mcf. in
at 545,645 mcf.,
is reported
New
The
for
corresponding
the
kwh.: for
boundaries
in
(2)
electric
kwh., or /
reports
of '224,974
increase
town's
ration
1
,
this Association
1945,
..
quarter report to stockholders, E. L. Shea, President,
the North American System's post-war expansion pro¬
of
our
Dec,
1966.—V.
1,
are
162,
being
p.
issued
in
wUh
connection
2187.
Panhandle Eastern; Pipe Line Co;— Earnings—
'
additions
Gasoline
.*
of
kilowatts
8O.OC0
at
Union
Electric
holdings
the
North American's recent sale of
Pacific Gas and Electric Company
700,000
on
of
shares
common.
stock
redemption of North American's 6%
series preferred stock.
estimates that earnings of North American will be improved
common
the last
stock
ten
has
337 425*t:*-h'-,
In
regard to the
ll- nfrthe
been
months, with
reduced
from
bank loans
Public Utility
to
$57,156,425
amounting to only $22,-'
v
'•* V
-.'J' *•
v ".*•
constitutionality of Section
-1
-company's
$91,974,375
now
..
case
on
the
Holding Company
•
Act.-^which
is
to be heard
by the U. S. Supreme Court, Mr. Shea says: "The decision on this issue will determine whether holding companies,
which are an important
1945
436,513
for
taxes——
Federal
profits
\
i
excess
Net operating
1,015,865
938,111:
3,498.499
978,444'
2,690,788
,
3,5°4.427
1,615,000
—
Tevenue^J...4«—,wr———
1,590,000
$6,957.°11
$6,720,494
1,025,002
875,122
$5,932,909
Income
'
$5,851,372
>
CONDENSED BALANCE SHEET, SEPT. 30, 1945
and
of
taxes
deductions
interest
ASSETS—Gas
.
6,168,692
2,735,000
depreciation, deoletion & amort.
local and miscellaneous Federal-
Federal .income
,
$22,583,031
6,982,546
1,085,705
Taxes—State,
Net
438,305
$23,986,456
——
Maintenance-
Total
772,958
606,341
.•__rU
^
Total gross revenuesi^^.-i.
OperationS:' 4---
c
1944
$21,371,767
$22,943,602
—
Provisions
V!
;
'
:,
'
Qther
Com¬
Power
Months Ended Sept. 30—
12
Gross vevenues—Gas
companies have experienced
about $425,000 annually. \ Itr Is pointed out that North American's
capital (bank loans and preferred stock) outstanding ahead of
-2,000
Herrman
$-1.33
CO
1945
preferred stock__j_____i-
on
After the
senior
Co.—
^
discount
of
corporation
The
'
Mr,. Shea
5,000 --.^Mason-Hagan. Inc,
.5,000
Wagenseller & Durst, Inc.
'
r;
common
1945—10 Mos.—1944
Association
week
9
Oct.
reports
-commenting
by
t
Pancoast-_iu'„
--i-r^_—._^:-_-L_^_i-—U221,272
:
into
2152.
p.
ington, D. C.
Union Collierv Company, a subsidiary of Union Electric
operating in the Illinois field, has ordered equipment for its
lirst
fully mechanized
mine with a capacity of 1,200,000 tons of
bituminous coal annually.
/ru.;
Stein
-
'Total
v'.t
series
162,
Company
7,000
9,000
-v
5V2r!c
1945.—V.
Venice, 111., plant; of 80,000 kilowatts at Wisconsin Electric
Power Company's Port
Washington plant., and of 50,000 kilowatts at
the Benning Station of
Potomac Electric Power Company in Wash-
-
-
15,670,128
»
debentures
on
redemption
$1.50 per share
pany's
4,000
5,000
Cruttenden
Straus
Corp.
r
'./■
the
sharp declines in sales of
low-priced power to heavy industrial users since V-J Day, but sales to
commercial and residential users are continuing to increase as they
did during the war and industrial loads are already beginning to benej it from reconversion to peacetime manufacture.
Sales of electricity by
the North American -System to industrial customers during the third
quarter were 12% lower than a year ago; sales to commercial custom¬
ers
consisting mostly of retail stores and small businesses, increased
10.2%, and sales to householders increased 9.5%."
To prepare for increasing uses of electricity and to increase plant
efficiencies. Mr. Shea says that work has begun on steam-electric gen¬
Inc.
'
Piper, Jaffray & Hopwood
5,000
&
Sz- Co.f :'
Cleveland
tensen,
7,000
Si'ocumb
5,000
4,000
A.. Evans
Newhard, Cook & Co
i. 5,000
Eichler Sz Co.—
Boettchei
Brush,
Co
AMERICAN
I
North American Car Corp.—Calls
The
already Is under way, involving nearly $25,000,008 for hew elec¬
tric generating facilities, alone..
"Just as they were prepared to meet all war demands for power,
the operating companies of the North American System are ready for
a new era of peacetime expansion in the use of electricity," Mr. Shea
7,000
Co.——-
Co.;
Hateman,
&
First
Peters,
9,000
Co..—
Lemon &
Arnold——i—..
Inc. ■■"ai--• 4,000
The
&
—
Johnston,
■
12.000
_
&
Clement
15,000
AUyr.. & Co. Inc..
Ames, Emerich & Co., Inc.
Lord
Emanuel
15,000
Co
C.
Granber.v,
Weil
18,000
Higgir.son
(NORTH
STATEMENT
_T_.
162. P.
17,738
England Power Association—Weekly Output—
Securities
his
erator
Securities
Union
—V.
$8,281,760 $75,798,728 $71,790,310
the
9,
ft.,
cu.
ended
Association
"Some
'
.•
.
■■
3,386,830 f r 3,468.094 '14,845,672
share, 4 %
$0.39 ' " ; " $0.40 - - ~ • $1,73
:
bank loan notesj-_^.
on
Earnings
a
Nov.
mcf.,
states.
below
250,000
Co.—'
-
number
forth
set
:r:'*
|
3,821.240
gram
the
400.000
Hornblowc-r & Weeks-
Laird,
'.
,
H^gginson
Lee
600,000
share,
per
the
of
names
|
"
Balance
ago.
3,507
announces
underwriters:
r>
Union
of
1943-44
same
In
underwriters
debentures
■■
the
North American
COMPANY
into
955 312
co.
...
com.
taxes
Amortiz.
Company reports for the 12 months ended Sept. 30 consolidated net
income of $18,666,921, equal after preferred dividends to $1.73 a com¬
mon
share,
against $19,491,377 and $1.83 v. common share for the
not
company
Nov.
This Is
pur¬
jointly, to purchase from the company, and the
company.has agreed to sell to the underwriters severally, (!)- at 99%
plus int. from Oct. 1, 1945, the principal amount of debentures of
the
year
Textron
See
'
of
received
entered
19,491,377
150,699
516,882
11:30
.
have
4,423,406 -18,666,921
955,312
3,821,249
^
Nonquitt Mills Co^Offer to Stockholders-^
the stock.-
THE
BETWEEN
be
to be
par)
UNDERWRITERS
corporations
with the
agreement
severally
and
THE
stock
the reclassification
.500,060
-
614.000
The
therefor upon consummation of
583,333
,
"v
Other
The plan calls for conversion of 15,678 reacquired shares of 5% first
preferred into 783,000 shares of common stock, and the solicitation
proxies with employment of a professional proxy solici¬
tor, Theodore L. Turney of New York, for a $25,000 fee.
Corporation's common stock consists of 25.436,450 shares authorized
and 9,581,008 3/6 shares issued and outstanding.—V. 162, p. 1772.
par)
1.150,674
125,000
income
Interest
of stockholders'
178,948
outstanding common stock (no
the Stock Purchase Agreement to
I
J: 291,181
4,342.142
surp.
Incnmft.
Interest
for
1945—Month—1944
corresponding
month
Niagara
The
1,960
21,952
presently,
1,284,277 ■:
262,248
»
4,658,040
?
.<16,4.^6,001 $18,313,310
921,288
; -996,210 ■
proval to a plan of corporation to reduce the par value of its common
stock from $10 to $1 a share, creating a capital surplus of $86,229,077.
9,016
12.267%
per
Total
2Q20.
p..
11,956
11,956
—
'
'
'
•Percentage
the
of
output for the October month
territory
18,032
5.033%,
|
1
1,182,041
Federal
64,707,430 for the week ended Nov. 4, 1944, a decrease of 4.56%.
Comparable figure for the week ehded Oct, 27, 1945, was 63,174,962,
a
decrease of 1.37%
under the corresponding week last year.
V. 162,
18,032
6.681%
,%
a
New
18,032
6.681%
Baker, Weeks & Harden—
Kuhn, Loe'o. & Co
shares
$8,301,811
corresponding month
The
18,032
—
1|
4,728,166
2,246,057;
1,129,927 i
/
12 Months Ended Sept. 30h—-
Operating
18,032
1
;
Expenses :
minimum
provision
of 56,072,821 kwh.
This is an
above production of 55,847,847
output
0.40%
31,948
10.077%
35,594,614
9,590,794
I
Trust
the
V
ended
for
the
in
the
For
a
bar)
10.077%
Co
&
week
output
ft.
cu.
tNo. of Shares
10.077%
____
Weld & Co,__—
"
annual
&
INCOME
;
...
1772.
decrease of 2,810,000
a
common
10.077%
33,869,834
8,810,866
"
187.500
and: surplus
Earns,
'
10.077%
8,267,685
2,195,332 '
pfd. stk. of
on
total, '
England Gas & Electric Association—Output—
the
crease
17.853'/
—
Lar.giey & Co—
Spencer Trask & Co
**
assets,
selling
($1
8,117,149
subs.___
of
for divs.
$2,227,240),
$64,344;
decrease of 42,931 kwh., or 0.33% below
production of 12,£.21,393 kwh. lor the corresponding week a year ago.
severally
the
6.544,701
Balance for com. divs.
,,
u-
convert
12,878,462 kwh,
purchase
stock
of
5,975,303
.
of
AND
into
the
of
common
in
Co
C.
Graham.
of
•s'
1942-1943,
other
and
charges,
,
—:
For
not
reclassification:
Bissau & Meeds,,—
White,
credit
depreciation
x..:.
$150,000;
Bankers
the
to
162, p.
be
sale
BETWEEN
& Weeks—
Reynolds &
W.
bonds,
shares,
right
month
stockholders,
the
each
of
Dillon
Horn blower
Laird,
tax
investments
for
deferred
^
\
period End; Oct. 31—
selling stock¬
"Percentage
H.
$3,405;
reserve
Divs.
deposits, $1,884,335; market¬
receivable—trade, $1,256,272;
par
be
of
1,538,768 ■f
(J. J.) Newberry Co.—October Sales Slightly Higher-
V- ..
has
be; received
E.
Bal.
profits
stock, expires at 3 p. m. on* Nov. 28,
indirectly,
or
29,049,913
v
i_.
subsids.__
of
income
Co.-, 16 WpII St./ New York, N. Y.
Holders may, at their option, receive immediate payment of the full
redemption price, plus accrued dividends to date set for redemption,
upon presentation and surrender of the certificates for the above-
stock
reimbursement
them
by
-,'y
the
of
17,356,554
27,894,531
readjustment
the
made1 at
be
Jointly, that
percentage of the number of shares of the presently outstanding com¬
mon stock
t no par)
of the company to be sold by each such selling
stockholder opposite the name of each underwriter
below, and there
stock
the
aggre¬
common
17,657,903
6,728,917
charges
divs.
Dividends
received
UNDERWRITERS
STOCKHOLDERS
corporations
the
the
and
3,776,230
6,648,906
Other deductions
outstanding shares-of prior preferred stock, 8% series,
and prior preferred stock, 5'/a % series, have been called for redemp¬
tion on Dec. 8, next, at $105 per share and dividends.
Payment will
proceeds
gross under¬
directly
accrue,
paid
'
of
int.
National Supply Co.—Calls Prior Preferred Stocks—
company
agreed to sell to the several underwriters,
jointly, and the several underwriters have agreed to
not
r. :
debenture
income
Balance' for dividends
net
undeiwriters)
p,951,105
res.
Minority interests in net
v
1945
by the under¬
entire
interest)
underwriters
/-V
SELLING
firms
the
effect
AGREEMENT
••
The
agreement
from
in
/-<■>
to
accrued
will
'
•' ;
the
but after deduction
than
amount
'•
that
2,971,389
.
deduction
the
to be leceived
so
noted
commissions
certain
equal
be
expenses
(other
of
holders.
and
will
$8,693,J.60>
benefit
STOCK
it
and
debentures
the
30,
sinking fund require¬
financing expenses
(estimated), $16,186; 15-year 4!/4% sinking fund debentures, $3,350,000;
capital stock (par $1), $515,272; capital surplus,
$2,551,887;
total,
$7,942,570.—V. 162, p. 1516. 7.
~
underwriting
shares,
per
of
the
$8,694,110, plus accrued interest.
Such
amount
Will
substantially equal to the $8,694,986 plus, accrued dividends, to
paid by certain of the underwriters to the selling stockholders.
to
Net
.85,591
$78^751 V ^;$795,547
■■■
JUNE
financing and
$2,974;
$627,451; .provision" for
The
of
3,476,580
Total non-oper.
$881,138
80,329
$620,45? :
excess
as~ets,
assets,
on
,
of
the
77,197
accounts
S.
(after
intangibie
Sales
of
U.
assets
—V.
221,272 shares of common stock
set forth in (d) above
being a total
writing
v:
and, demand
$62,263;
fixed
and
From
hand
on
at cost,
other
underwriting discounts and commissions) an aggregate of
$6,367,786, plus accrued interest, from the $3,500,000 of debentures
writers
$864,080
of capital structure)
$345,399;
the
as
present
(net),
$6,367,786, plus
to the aggregate
equal
*•'
will
of $2,326,324,
by
$697,653
BALANCE SHEET,
the
to
$396,874;
,v
.
underwriters
discounts
(d)
1,420,000
1,468,243
deprec.
for
Gross
ments
,
forth
Set
as
accrued
gate
1
$357,866;
under¬
2,893,200
1.640.800
reductions
%
FORMA
r.
8,153,000
2,663,300
'•
8,735
cos.
$1,739,657;
$2,187,047;
14,875,935
12,940,967
8,595,933
573,200
Approp.
66,254
15,060
•
LIABILITIES—Accounts -lwyablc —trade, $357,177; accrued liabilities,
other current liabilities, $3,070; due to affiliates (not con¬
solidated), $13,661; provision for renegotiation aftd-taxes on income
the
of
the foregoing
of
of
securities,
All
The
43,542
13,052
15,289,528
12,686,639
2,014,224
695,100
3.395,440
2,986.703
929,862
.
transaction the company will expend an aggregate
of $6,366,836, plus accrued dividends, such sum being comprised of
the $1,356,836, plus accrued
dividends, expended
set forth in (b>
above and. of the $5,010,000 expended as set fdrth
in <ei above.
Company; will receive through the sale of debentures and common
-
28,146
7,100
in-
2,914.147
tax
10,135
170,211,369
70,207,253
11,763,158
Approp. for post-war adj.
Chgs. equiv. t9 est. inc.
1,910,867
Crl91,086
S
74,291,556
12,969,482
min.
effect
inventories,
the underwriters all of the special stock of the
company
for the sum of $5,010,000 (being the cost of such stock to such under¬
sum
2,057,877
Cr205,787
$
175,525,452
,3,786,291
inc.
profits
exc.
•
40,906,573
taxes
of
one
stock
1,471,201
/
■
■
1945—12 Mos.—1944
taxes.
State
&
Fed.
291,770
Crl47,120
$352,797
int.
■
(Company and Subsidiaries)
16,975,235
,2,914,724
17,450,289
3,250,075
taxes
come
Fed.
$2,967,678,
292,712
868,400
37,231
$7,942,570.
purchase
'Iri
$3,067,484
%
295,113
:
than
other
Taxes,
and
applic. to
ASSETS—Cash
of $6,367,786, plus accrued
interest, for both such debentures
such shares of common stock;
and (e> company will
from
inc.
able
total
and
$2,358,045
149,500
Cr86,840
-.
writers will purchase from the company $3,500,000 of debentures at
9934 %, plus accrued interest from Oct. 1, 1945, or. an aggregate lof
$3,491,250, plus accrued interest, and 221,272 shares of common stock
($1 par)
at $13 per shares, or an aggregate of $2,876,536,
being
a
::
income
Net
(Giving
(of which certain of the underwriters
cost of $2,328,150) will be reclassified into
178,948
revenues..,,,' 41,149,675
oper.
/.^y;. "J. *;5
, .•
v
Net
$1,301,092
taxes..
PRO
company
1,826 shares at a
shares ol common
underwriters
income
''
.
STATEMENT
1915—3 Mos.—1944
:
Maintenance
55,505
Cpnsol.'net; income-^ ; - ^ $315,566 -
company's-'presently outstanding preferred stocks
1;wo kubsidiariea for an aggregate
pfice of $1,356,836, plus accrued dividends, (being the cost thereof
to
such underwriter);
(c>; the outstanding 3,000
shares of present
the
INCOME
Sept. 30—
$
Total
$2,912,173
51,635
tax.
!
t
Period End.
Pfd.
allniihority^ ihtcrests-iri its
Will
$3,015,849
53,144
credits:
income
.stkhldrs.
the
of
$2,304,901
surtax
of the'national economy, may continue to
in the electric industry as they Jhave in the
phases
purpose
CONSOLIDATED
536,210
profits tax_^._
excess
total of
stock
a
:
997,579
581,814
29,508
——
and
profits
Dominion
State
3,000 shares outstanding) of the present common
stock of the company and (ill) all the presently outstanding minority
interests in two of the company's present Subsidiaries from the selling
stockholders (b) the company will purchase from one of the under-
common
1,028,649
619,699
consol.
-
*nd
Income
excess
purchase for an aggregate purchase price
plus accrued dividends, (i) all the presently outstanding
stock and special stock of the company, (ii)
1,826 shares
of
992,408
(net)..
Post-war refund
of $8,694,986.
all
499,560
air other
useful
as
serve
past."
$1,271,584
Fed.
will
( out : of
in
factor
% 1942
360,987
exps.„
income
V
preferred
writeres
lA '.
PROCEEDS—Jt is contemplated that: (a) certain
underwriters
a
LOSS
1943
;
underwriters
by
"
'APPLICATION' OP
of
stock
common
u:'
$11,911,563 $12,797,706 $12,832,537
7,994,560
8,171,394
8,386,577
3,974,750
Profit
and
1,000,000 shares of commdn stock ($1 par)
513,272 shares'of which will be outstanding and 400,220 shares of
.which will be held by the underwriters.
Ail of the debentures and
are
adm.
Fed.
eliminating
*
sold——
Other income
of
price
underwriter);
AND
Calendar Years—
-
Operating expenses
certificate,
a
&
Gen.
Interest, lor both debentures and shares,
- y
•(5) Acquire from one of the underwriters 16,700 shares of special
6tock, (do par) (which shares have an aggregate stated value on
the
goods
Selling" expenses—.——.
by
shares
such
of
Cost
PROFIT
>
'1944
sales, less returns
at
stocn
shares
lor
OF
6 Mos. End.
-June 30, '45
$3,491,250,
mon
STATEMENT
by this
<&'?*•!.."<>
-
to
CONSOLIDATED
($1 par)
portion of the shares being oilered
a
Prospectus. J.>Uiv
2397
plant,
$111,814,369;
'
.
<
^
intaneibles, representing e«s sales
purchase contracts, etc. (after deducting reserve for amortization
sales and purchase contracts of $2,857,029), $678,292; other-*
$69,238; cash, $1,673,147; special deposits, $277,222; tem-.
gas
investments,
porary
cash
investments,
(including $660,243
to
court
order
and
$9,770,015; accounts and notes receivablewhen received, be impounded pursuant
which will,
after
for
reserve
doubtful
accounts
of
$150,673).?
$2,406,137; material and supplies, $1,235,484; cash impounded pursuant
to court order, $23,647,233; prepayments and other deferred charges,
$597,562;
total,
$152,168,699.
LIABILITIES—Common
4%
stock
.
%.
(1,620,000
f,
shs
no
paf),
•
$20,280,600;
.
*
cumulative preferred stock ($100 par),814,000,000; mortgage^bdnds^.
series A,
due serially Nov,
1; 1950. inclusive. $6.25(),0OO;
mortgage bonds,i series B,. due
Nov. 1,
1960, $12,000,000;..mortgage
bonds, series C, due Jan.. 1,. 1962, $8,250,000; mortgage bonds, series D»due May 1,
1965, $10,000,000; 10-year 2%% debenture#;• due Jiiaw 15,
1, 1946 to Nov.
|
:v;,;
&
:
-?>r
Lv.,1953,
;
proposed merger of this company with The Udylite Corp.,
Mich., has been agreed upon by the directors of
,stock«
in
the
profit & income
operations
Cross
from
profit
Gross
Bonds
—
Transportation
Suburban
&
above.—V. 144,
Co.,
'
•
Stockholders Accept¬
Stock—
A. K. Oliver, Chairman, on Nov. 12, announced that there has been
"good response" to the company's offer of an alternate proposal of
$100 per share for the preferred stock, holders of which objected to
$825,287
$2,867,043
40,905
$2,364,137
11,648
$764,772
$836,934
$2,907,948
$2,406,148
74,706
91.365
248,872
325,014
215,248
-
207,123
629,495
622,620
.....
i'l&j? & cap. stk.
profits
will
"depend
whom
Operating
revenues
Net
the
Sales
—V.
162,
1943-
1944
$5,561,577
4,112,690
$5,318,869
3,905,194
$1,343,495 ,$1,449,287
revenues
(net)
income
$1,413,675
940
1,610
160
$1,343,655
deductions
etc.,
$1,450;227
476,456
Oper.
1,612,311
1,764,851
4,998,571
$62,820
*$14,906
Y.,
'
$621,000
exchange agent,
as
notifying
is
debenture
and
terminate on Dec. 31,
Radio Corp. of
allied
from
Period End. Sept. 30—
j
cos.
under leasehold
agreement
Sundry Income
<►
Charges
income
to
income
for
Prov.
.(est.)
$669,081
30,852
domestic
Cost
i
,
21,400
300
and
Net
STATEMENT FOR
INCOME
earnings
Operating
Gross
1
__
MONTHS
■
ENDECTSEPT.
profit
—V.
12,682,500
2,527,280
2,294,456
788,200
788,200
8,204.471
2,364,600
stk.
1,739,080
1,506,256
5,839,871
4,370,070
per share
on
(13,381,016 shs.)
$0,125
$0,109
$0,420
$0,315
Gross
income
Charges
to
for
Provision
'♦Net
After
other
from
period
for
reserve
contingencies
Depletion
48,000
charges
320,400
$133,444
_
catastrophes
$480,177
prior
Income
Earnings
per
transferred
to
surplus...
$106,314
$554 947
$0.81
$2.91
share
common
f
♦After
charges for depletion and depreciation
NOTE—Provision
has
133,482
The
the
none
Is
Department.—V.
162, p. 679.
directors
Months
Ended
1945
1944
$5,350,629
264,950
258,965
Maintenance
Power
■
purchased
Power
from
Safe
Harbor
916,130
...—Cr543,354
..Xi
expenses..
Depreciation
1,111,298
_
Federal
income
Federal
excess
».
taxes..
profits
(net)....
906,087
Cr494,483
41,093,480
431 107
708:917
...
tax
12,
490 9q«
X
708 917
234,748
238,026
254,506
Other taxes
Divs.
on
per
share
onv
.
.
Sept.
sales
The
V.
$2,262,878
666,185
$3 54
stock
of
shares
common
the
of
1945—Month—1944
During October, 1945, the
same
company operated
month
last year.—V.
1945—10 Mos —1944
$3,048,773 $28,567,348 $28,146,945
130 stores
162,
p.
1807,
as
compared
Iowa
City.
agrees that it
subscription warrants to be issued to it as
stock of Sioux City,> and (also waives aajr
it may have to subscribe to additional shares of th®,
common'stock of Sioux City proposed to be issued and sold to th®
holder,; of
right which
' the
any
common
"."V1'' .-.sV-;."....;:,
public.
i
•. v
a special meeting of stockholders to
10, 1945, for the purpose of amending.it®.
articles of incorporation and to consider and vote upon the proposed
bond issue, and the prior offer by subscription warrants of 118.938
shares of new common stock to the holders of the common stock.—•
Sioux
City
held
V.
162, p.
proposes
,
or
on
about
2190.
to
call
Dec.
1945—Month—1944
Deprec.
&
Provision
expenses
/
:
703,101
58,200
>59,767
142,680
$65,556
taxes.—
$7,866,868
$8,208,147
4,790,959
161,303
amortization/
for
\
1945—12 Mos.—1944
•
$646,389
' $674,399
361,330 *
389,020
revenue_____-_—
Operating
••••
■
Co.—Earnings—;
South Carolina Power
Gross
■
.
.
.
Period End. Sept. 30—
,r
Gross! income
$82^31? $1,045,835
1,668,251
:
4,279,288
573,141
1,805,208
1945
and
1944
(not
five
and
nine
months
on
as
'
Rose's 5,
id
& 25 Cent Stores,
Sales
$1,109,508
162,
p.
1808.
"...
-
,
..
$1,096,442
> 1945—10 Mos.—1944
$9,482,260
••
,
$9,062,623
.
Rustless Iron & Steel
Period End. Sept. 30—
♦Net
profit
tEarnings
$34,363
0After
1945—3 Mos.—1944
all
shares ;
charges.
tOn
$0.25
926,529
$369,975
•
$0.37
common
$30,562
$489,578
$565,143
14,286
42,859
171,438
$16,276
$446,718
$393,705
$34,363
A Balance.
—V.
162, p.
1808.
'
)y:;.
Telephone & Telegraph
,"• V-
.
;■
revenues
Uncollectible
oper.
rev._
:
$
revenues—
expenses
Operating
taxes
-
Co.—Earnings—*
1945—9 Mos.—1944
1945—Month—-1944
'
Operating
Operating
'
'
$■
■■
* .'.i. v
10,806,604 104,524,701
19,205 ;/?: ■" 21,851
-> 180,127
97.624,409
10,784,753 104,344.574
7,276,491 68,738,874
2.209,270 23,355,994
97,418,476
65,857.656
19,862,243
12,249,706
9,288,162
11,698,577
8,807,027
11,567,164
11,547,959
7,801,996
2,349,485
205,933
,C
1945—9 Mos.—1944
$1,314,726
$1,394,964
$1.40
$1.43
shares.—V.
162,
p.
2023.
'v'.V.-
644,090
,
Cwp.—Earnings—
$227,430
__________
per
556,256
.
stated).—
Inc.—October Sales-f-
1945—Month—1944
52,369
preferred' stk._
Southern Bell
Period End. Oct. 31—
$1,209,234;
31,192
income _i—
Net
.
earnings statement published in the "Commercial and Financial
of Nov. 12, 1945, is for the month and nine months ended
30,
—
Interest, etc., deduc.—
Operating
$3,143,980
of Sioux
stock
common
exercise
not
a
162, p. 2312.
—V.
*
Sioux
to
■Period End. Sept. 30—,
$1,605,854
$3 74
the
will
$2,272,040
574,190
$1,688,688
...
the
of
promulgated under the Act, the 34.068 shares
City (par $12.50) owned by Iowa, these
be received by Iowa for its present holdings
stock of Sioux City in accordance with the proposed
U-50
Rule
of
the
split-up
Chronicle"
106:533
deductions..
,1.
perpetual.
as
common
being
Divs.
210 000
Period End. Oct. 31—
in
$1
Rochester Telephone Corp;—Correction—
$1,955,506
income
131
of
dividend
share
and make the corporate existence
•
121,193
Peoples Drug Stores, Inc.—October Sales—
With
of
a
stock,
part
and
ments
254,739
—V. 162, p. 679.
Net
profits
called for rtdem()tioft on Dee. 16,^ 104$," the $13,-824,000 15-year 3%% sinking fund debentures due July 1,-1956;"at 106?
and interest.
Payment will be made at The Chase National Bank of£
New York, trustee, 11 Broad St., New York, N. Y.
The - company also on Nov. 16 redeemed at 102% the outstanding >
$4,800,000 3% sinking fund debentures due Nov. 1, 1954, $1,200,000
having been retired Oct. 31, 1945.
All outstanding bank loans totaling '1
$600,000 were paid on Nov. 10,, 1945.—-V. 162, p. 500; N
210.000
income
company
share
common stock from $25 to $12.50 per
of such new common stock for each
common
of the public offering of the new common stock of Sioux
part of the same transaction, Iowa proposes that there
be sold for its account, pursuant to the competitive bidding require-r
.
Calls 3*4% Debentures—
Water Power Corp.
interest and miscellaneous income.
Earnings per common share after pfd. dividends
^
declared
the
As
•The corporation has
$1,931,685
Total income
Net
14
shares
outstanding
City
following dividends were paid; March 15, June 12 and
cents each; and Dec. 12, $1; a total for the year of
162, p. JI76.
;
37'/2
/—
stk. of Safe Harbor
Other divs.,
Gross
income
Nov.
the
of
value
Issue * two
the
of
$530,000)
for post¬
Remington Rand, Inc.—Debentures Placed Privately—
,
Operating
the
1944
v
''i-44
Water
Corporation
Interchange power—net
Other operating
on
par
as
the
of
company announced Nov; 16 that it had placed
privately with insurance companies $22,000,000 23/4%"
sinking fund debentures due Nov. 1, 1960. ; > -
$5,309,789
.
the
and
r
.'uX,-
Sept. 30—
revenues
for
$5,127,000
preferred
cumulative preferred stock; eliminate all provisions
outstanding 7% cumulative preferred stock upon its
redemption and reduce the authorized capital stock by the amount
of the
7%: cumulative preferred stock presently authorized; change
The
A wholly-Owned Subsidiary)
9
Operating
tAfter providing
profits taxes.
its
to
be
(Including Susquehanna Transmission Co. of Maryland,^,
-
.
excess
excess
4,795,400
City proposes
respects:
this program of refinancing Sioux
articles of incorporation
in the following
authorized capital stock; create a new class of
its
known
relating
Nov.
•In
Pennsylvania Water & Power Co.—Earnings—
{
and
income
taxes.
increase
stock
(net of a post-war refund of $483,000)
profits taxes and $575,000 for post-war
$2.12% per share.—V.
|
*
and
income
connection with
amend
to
capital
Sept.
required for Federal excess profits tax.
For each of the 12 month
periods ending respectively Sept. 30, 194S and 1944, a reduction of
the Indicated tax liability will occur in the event that the company's
position in respect to certain tax deductions is approved by the Treas¬
ury
Federal
and
Federal
providing $5,005,000
$9,000,000
( July 1, 1966)
bonds, 4& series, due 196.6
preferred stock
cumulative
In
1945
stock, no par value, payable Jan. 4, 1946, to holders of
26, 1945.
Distributions of 37 Va cents each were made
on
March 12, June 12 and Sept. 12 of the current year,- making total
payments in 1945 $1.14'/a per share.
•
; 4,v;:v
128,944
made for Federal income tax but
been
Sept. 30—
.
record
together
1st mtge.
To Pay Dividends of $1—
s
Net
,
of such sale of bonds, preferred stock and common
with general funds of approximately $300,000 ar»
to be used to redeem and retire outstanding bonds and
preferred stock of Sioux City as follows:
<
7'h
adjustments end other contingencies. - '
• >
HAfter providing $2,999;000 for Federal income and excess
taxes and $630,000 for contingencies and adjustments.
cr74,769
offer to the holders of the
proceeds
stock
(Including Domestic Subsidiaries)
1
Federal
such sale being subject to an
to
The
war
Z)r27,130
years..
6,734,671''
2,364,601
adjustments, renegotiation and other contingencies.
> ^
§ After providing $5,504,000 (net of a post-war refund of
for Federal income and
excess
profits taxes and $730,000
and
J
....
of
for
proposes
proposed
charges
estimated
44,309
estimated
taxes,
the
for
income
Transfer
a
income
\
v
1944
1943
1942
profit
-____fi$l,022,344 g$l,307,628 *$1,279,239 t$l,268,924
Earnings per share of
8
capital stock
$1.63
$2.08
$2.04
$2.02
$844,887
7,475
\
9 Mos. End.
*49,561
$188,920
;
com.
-
*Net
*
____
income
for
1,
* After
V
dividends
3,909,900
162, p. 2189.
^
19 710
24,879
56.247
agreement
479,995
1,247,250
6,207,600
llaybestos-Manhattan, Inc.—Earnings—
operated under lease¬
Sundry income
429,298
1,757,800
surtax
tax
income
com.
$775,615
_
____
1,348,370
3,746,600
17,998,900
5,343
1,109,500
and
tax
profits
Balance
1944
$7,748,631
6,973,016
$107,794
taxes
72,223,429 193,415,703 206,030,147
1,162,427' -v 2,678,983 .. 3,458,278
206,250 *.*.631,250 % 618,750
218,750
Earnings
30
1945
$6,791,255
6,683,460
■■
_
and
expenses
Dividends from allied Co.
hold
12
v'-; XX-'.W:;
"v:x<yxy;.v-\yyy
\
52,618,993
464,455
-
patents
Preferred
tax but none is
For each of the periods ending
%
83,770,710 222,002,801 239,936,717
Interest
Normal
respectively Sept. 30, 1945 and 1944, a reduction of the indicated tax
liability will occur in the event that the company's position in respect
to certain
tax deductions is approved by
the Treasury Department.
Cross
of
Excess
NOTE—Provision has been made for Federal income
required for Federal excess profits tax.
exps.
Depreciation
$7,264
$0.04
.
all
goods sold, gen.
develop., selling
admin,
Amort,
.251,400
1,300
,
of
oper.*
?
period
for
income
1945- -9 Mos.-r-1944
..
following,
the
City
7rU
cumulative preferred stock (old preferred) ofxthe
exchange, through an exchange agent, such shares for the
new
preferred on? a share-for-share basis With a cash adjustment
equal to the difference between the redemption price of the oh*
preferred and the public offering of the new preferred together with:
a dividend adjustment which will give each stockholder in the exchange
a
dividend
at the rate of 7%
per share per annum up to th»
redemption date of the shares of old preferred which are not ex¬
changed; and such exchange shall be subject to allotment in the
event/ that more than 38,000
shares are sought to be exchanged.
This exchange offer will be
available to the preferred stockholder#
for a period of approximately 12 days commencing on or about, Dec;
12, 1945
(the anticipated date of the initial public offering) anil
expiring on or about Dec, 24, 1945.
. '•
(c)
118.938 shares of common stock '(par $12.50), subject to prior
subscription through the exercise of transferable subscription warrant#
to be
issued to the holders of the outstanding common stock and
expiring on a date approximately 10 days after the first day of the
public offering, and at a subscription price per share equal to th»
price of the new common stock to be paid to Sioux City as deter¬
mined through competitive bidding,
y
right
58,702,120
to
pursuant
per share);
outstanding
subsidiaries)
1945—3 Mos.—1944
sources
$54,216
$42,318
$386,828
Earns, per com. share..
$0.33
$0.25 ',y
$2.34
♦Loss.
tAfter charges for depletion and depreciation amounting to
$35,162 in third quarter of 1945 against $30,258 in 1944 and $102,318
in the nine months of 1945, against $92,547 In 1944.
tNefc
from
income
Gross
13,500
34,580
$47,651
4,032
$80,075 ;
4,458 r
taxes
—
17,355
45,203
6,200
11,054
$9,217
i 1,652
income
Gross
1945.—V. 150, p. 1945.
$
oper.
5,500
12,666
Securities—
Electric Co.—To Issue
•
America—Earnings—
(Including
profit____.
Operating
Divs.
Corp.—Exchange Rights—
& Cable
Telegraph
16 Wall St., New York,
holders of the 25-year collateral trust 5# gold
stock, due July 1, 1953, of Postal Telegraph
& Cable Corp., and holders of 4%
preferred shares of The Associated
Companies (formerly The Mackay Companies) that rights to exchange
such
securities in connection with
the reorganization
of the com¬
N.
5,354,768
*$8,948
& taxes
exp.
$886,662
$973,771
$883,667
Bankers Trust Co.,
panies will
1945—9 Mos.—1944
$4,983,665 $5,975,769
1945—3 Mos.—1944
$1,603,362 $1,827,672
alphabetical
alphabetical
the Public Utility .Holding Company Act of 1935,
which may be summarized as follows;
to issue and sell, pursuant to the competitive
bidding requirements, the following securities;
\
'(a)
$8,000,000 new bonds maturing 30 years after date bearing?
interest at a rate not to exceed 3VsVc per annum (the price to Sioux
City to be not less than* 97.25 %
nor more than 102.75'^ of the
principal amount) and secured by a first mortgage and by a pledge
of its entire holdings of the common stock of Iowa Public Service Co.,
Yankton Gas Co. and South Dakota Public Service Co., all being sub¬
sidiaries of Sioux City;
J
(b) 38,000 shares of 5% cumulative preferred stock (.new preferred>
(par $100), having a dividend rate not in excess of 5%
(the price
to Sioux City
to be not less than par and not more than $102.75
thereto
proposing
992.
p.
Postal
The
wholly owned subsidiaries)
(Including
!
162,
bonds
earnings
always
is not
it
reasons
possible.
as
Sioux City Gas and
528,623
(net)
income
Net
—V.
1945—Month—1944
1945—10 Mos.—1944
$53,771,162 $52,070,981 $420,157,407 $408,692,494
Period End. Sept. 30—
Cross
mechanical
.Company and its subsidiary, Iowa Public Service Co., have filed
the SEC a joint application and declaration
and amendment#
Sioux
Pennsylvania Coal & Coke Corp.—Earnings—
.
^
2024.
p.
to arrange companies in exact
However, they are always as near
position
$1,415,285
459,988
income
Gross
Interest,
1807.
p.
162,
with
Co.—October Sales-
(J. C.) Penney
Nov. 9
on
date.—V.
possible
1945
operating
Other
contingencies.—V. 162, p, 464.
period End. Oct. 31—
2.2
same
order.
"
Split-Up Approved—
authorized a split-up of the stock on ».
shares for each share held. The split-up was effective orx
stockholders
basis of
Mr. Oliver said the outcome
number of stockholders from'
162, p. 2312.
,
'
'
2190.
Sheraton Corp.—Stock
The
$5,951,794
4,608,299
*—
___—
Operating revenue deductions-
$282,231
$906,500
$812,581
369,000
369,000
369,000
IBarned per share—
$0.94
$0.76
$2.46
$2.20
I
: NOTE—Provision for Federal excess profits tax for nine-months*
period 1944 and 1945 is after deducting $71,800 and $124,800 special
& credit of excess profits tax. These sums have been set up as a reserve
lor
1945—Month—1944
1945—10 Mos.—1944
'
$1,399,908
$1,355,445 $17,415,078 $16,447,94©
——
——
NOTE-—For
$346,525
369,000
outstdg..
shs.
of
from a
received."—V.
response
has been
word
no
the
Schiff Co.—October Sales Rose 3.28%—
162, p.
Portland Cas & Coke Co.—Earnings—
645,933
1,123,080
256,215
128,293
tax—
income
Net
decision in the matter.
on
12 Months Ended Sept. 30—
taxes.
for Federal excess
Prov.
—V.
the
for a final
week
42,011
income
Fed.
for
Prov.
2,114,118
17,037
income..*^;
Total
2,568,426
the company
Hodges,
■
Sales
with the Consolidation Coal Co.
he said, "thq total is not yet sufficient to asure comple¬
merger."
The directors of the two companies are expected to meet early this
$747,735
i
Depreciation
V.
(The)
merger
of
reorganization
.
W.
However,
tion
691,999
(net)
confirm a previously approved plan for
after hearing the sole objection presented by
Co.
the
Period End. Oct. 31—
a
the
v''
.
.
14 took under advisement
*'
»v
appearing for the company, described the plan as .
"unjust, inequitable, discriminatory and unconstitutional'.' because, he
said, it "fails to give due recognition to the rights of the stockholders." .
The plan, approved by Judge Moore and the Interstate Commerce,
Commission last March, would wipe out the equities of all common
stockholders of the old corporation.
,
M ..
Mr. Hodges urged the court to dismiss the proceedings and at the ,
same
time
asked for an accounting of finances of the company*
bankrupt since 1933.—V. 162, p. 2312.
v
•
Pittsburgh Coal Co.—Preferred
801,876
-
income
Wo.
Traction Co.
,
Moore on Nov.
George H.
itself.
14.
p.
^
-Road Opposes Reorgan-
Francisco Ry.
proposal to
of
ing Offer of $100 for Their
;
______
Miscell.
xi
T"
3188.
p.
$4,478,255
$5,435,469
$1,517,286
$1,549,611
adv., gen. & adm.
expenses
V
.
that the bonds will be paid off
temporary bank loan and from
Udylite Corp.
;
Penick & Ford, Ltd., Inc. (& Sub.)—Earnings—
^•4' Period End. Sept. 30—
1945—3 Mos.—1944
1945—9 Mos.—1944
Cell.,
J62,
funds.—V.
Philadelphia
See
plants, all in Detroit."
produces metal finishing equipment and supplies.
Darker-Wolverine Co. is equipped to produce finished fabricated parts
tend render metal finishing service.—V. 156, p. 1058.
The
■ :
...
•
Judge
Federal
a
Called—
operates five
.
p
St. Louis-San
1 all of
Traction
has called for redemption at 105 on Dec.
$466,000 of Philadelphia & West Chester
dated Jan. 1, 1904, and due Jan. 1, 1954.
Taylor, President, stated
proceeds of
a
$250,000
the
as
1930.
1945—44 Wks.—1944
$548,443,303 $551,621,940 '
operated 2,450
year.—V. 162,
the four weeks ended Nov. 3, 1945
compared with 2,457 in the same period last
in
company
stores,
Transportation Co.—Bonds
Philadelphia & West Chester
plants and Parker-Wolverine
"Udylite operates three
stated.
Uindahl
related
bonds,
H.
company
while not competitive, are •
metal finishing field,
Mr,
companies,
these
of
closely
and
6%
M.
from
■
activities
"The
compatible
1945—4 Wks.—1944
$54,383,694 $50,228,412
—
The
ization Plan—
company
outstanding
Co.
,
of
outstanding Parker-
135,931 shares of
each of the
stock for
Udylite
Wolverine
Inc.—Current Sales Higher-
Sales
Called—
The
both
both
Feb. 20,
Suburban
Philadelphia &
the
corporations and will be submitted to their shareholders on
1946, according to L. K. Lindahl, President, of The Udylite Corp.
The proposed merger provides for; the issuance of 2Vt
shares
for
p.
Merger—
Detroit,
of
this company end its subsidiaries for the
week ended Nov.
10, 1945, amounted to 124,327,000 kwh., a decrease
of 7,898,000 kwh., or 6#, from
the same week last year.^—V. 162,
p. 2311.
' s?
The electric, output
stock,
Parker*Wolverine Co»—To Vote on
A
Safeway Stores,
period End. Nov. 3—
Output—
Philadelphia Electric Co.^-Weekly
accounts payable, $1,760,588; dividends declared on.
$140,000; matured Jong-term debt, $87,638; accrued
taxes, $5,675,362; accrued interest, $462,431; other current and accrued
liabilities, $5,084; gas service revenue impounded pursuant to court
order, $24,307,476; deferred liabilities, $1,041,339; reserve for deprecia¬
tion, depletion and amortization, $22,489,128; other reserves, $1,196,625,
surplus (restricted as to payment of common stock dividends in the
amount of $8,935,683), $14,253,029; total, $152,168,699.—V, 162, p. 784.
$10,000,000;
"^preferred
1945
Monday, November 19,
CHRONICLE
THE COMMERCIAL & FINANCIAL
2398
'
^
..j:
..
;V
•Net
Net
—V.
operating
income
1,396 478
——
1,019,908
incometA----
1,298,992
988,337
162, p. 1808.
.
i;.,
.... ..
...
■
•
■
.
V
Volume
162
Number 4439
THE COMMERCIAL & FINANCIAL CHRONICLE
Southern Indiana Gas & Electric
Co.—Earnings—
Period End. Sept. 30—
■
Gross
1945—Mohth—1944
revenue
Operating
$599,959
239,597
„
$7,866,846
3,236,338
3,029,808
,61,081
763,502
744,814'
,
64,295
' '-i
.
148,560
203,514
2,536,470
All
int.
&
other
Net
h
:
on
bonds
'•
)
•'
stk.
/' "
•-ft
' ;
^
earnings#—
34,358
—V.
412,296
162,
'■
4111,296
$655,618
$38,652
Gross
$528,ill
-
-.
Net • ry.
162, p. 1808.
1944
1945
>
tThese
ftfc 'I
1944
.
i
•
Southern Pacific Co.-r—Earns. of Transportation
System
(Incl.
Separately Operated, Solely Controlled Affiliated Cos.)
Period End. Sept. 30-—
1945—Month—1944
JjJ
Ry.
Ry.
.
oper.
revenues
oper;
expenses—*.
ft...
fr
:,'VSV,
Net
i.
ir.
rev.
1
'V
*'•
Net
total
$2,534,187 #$1,904,235
'
$1,856,354
1,022,212
700,288
1,015,348
,s ,590,413
433,761
162,731
17,568,088
8,426,031
4,345,631
—V.
'
0
y"' '
'0'
'. P
--
','r' jfr
♦
t
46,030,602
52,379,023 462,729,102 473,057.107
41,047,310
34,537,631 324,717,904
;;
4.1
.
i;-To
310,734,182
«
u.
opers.
4,983,292
Railway tax accrualsEquip. & joint facility
Cr463,686
rents—net
17,841,392 138,011,198 162,322,925
11,777,349
80,864,895' 104,156,439
2,116,423
19,271,751
17,874,778
iThe
,
.V
•*?
-
4-.
3,525,975
line,
new
development
pilot,
private
of
Victor
long
flying
U.
to
fNet
ry.
Other
income
oper.
3,330,555
3,753,998
37,874,552
899,644
863,794
5,875,690
7,982,234
4,230,199
4,622,792
43,750,242
48,273,941
55,820
120.161
426,293
2,014,666
2,077,030
17,599,124
1,310
1,081
income
40,291,707
known
be
commercial -airlines,
4.
Total
income
Miscell.
deductions
Fixed
charges
Contingent charges
,
Net
income
of
S.
,l
Scout,
supplements
2,159,713
.
Consol.
net
certain
to
S.
bonds
of
income
P.
of
S.
R:
solely
P.
panies
included
Co.
2,767,116
Mexico.
controlled
in
received
affiliated
net
from
income
of
28,781,299
companies
JAfter
.
S.
P.
Transportation
the
-
to
of
*
-ft 111
<"•
announced
was
Chicago,
n
*r
corporation
of
Located
was
■tv-'
the
on
opened
operation
i,
Coast
■n
by
A.
new
Mexico
Hotels,
negotiate
to
the
operators
by
Southern
resort
Mexico*
to
Mercier,
as
have
tourists,
sportsmen.-
hotel
has
for
thereafter
Hotels
Dec.
around
repairs
as
The
announced
year
early
in
Guaymas
1936.
being
as
the
31-on
—V.
of
dent,
^
appointed to be associate General Counsel
with-headquarters at San Francisco, Calif., effective
according to an announcement by A. T. Mercier, Presi-
.
Mr.
years
Buland
has
headed
si
^
the
entered
He
in
will
York
New
1930
shares
be
associated
The
share
*
ft.
the
on
19,
Nov.
on
declared
15
quarterly dividend
value, payable Dec. 17
capital
of record Nov.
-
a
of
June
y*
ICC
Oct.
on
-..the
pi-operties of
The company
ir.-
,,and
proposes
.property
as
approved
South
all
owns
to
have
162,
the
San
the
the
liquidating
a
,,or issued.—V.
31
the
purchase
Francisco
stock
of
the
corporation
dividend.
by
Belt
the
Southwestern Bell Telephone
par
of
f; Operating
profits
Other
; s
^of
147,412,132
91,305,428
6,818,862
income
Total
Net
2,847,356
11,401,198
10,910,984
4,760,116
(net)
4,869,788
Drl29,936
4,739,852
deductions
19,306,261
jDr369,424
Zb'444,082
19,051,918
662,562
^ Dividends
707,848
2,744,597
16,307,321
in
v
bo, about
will
4,117,500
15,555,000
shares
1,515,000
■
Southern
E.
Railway—Offers to Buy $5,000,000
Norris, President,
Nov.
on
13
»
,
<
<
■.
Bonds—
furtherance of its program of retiring debt, this
company, has,
the past 30 days, purchased substantial blocks of its 6% and
development and general mortgage bonds, aggregating $2,650,000
gr-.r! principal amount, at the respective prices of 118 for the 6s, and of
'
>
1945—10 Mos.—1944
its
r;
holders
debt
bonds,
retirements
before
in
and
the
the
permit)
purposes
the
at
end
of
time
same
the
year
announcement,
the
the
to
thus
to
voted
stock
a
.
$1,000 bond and the
ihterest
in
each
close
of
First
-
June
National
case
business
series
to
Nov.
Nov.
on
Bank
of
30,
the
30,
per
remaining
bonds,
1,
1945,'
Glow
,
'
be
paid
for
p '
in
$5,000,000
the
order
principal
•
quired, provided, however,
that
to
.;
"p.
;
will
mentioned
"
principal
accept
within
said
each lot
bonds
such
in
accepted
additional
period,
(to the
excess
bears
as
it
may
the
Sl.OOOf
said
$5,000,000
to
the
total
as
the
determined
the
bonds,
accepting
presented
have
reserves
of
amount
additional
presented
shall
instead
such
if
the
1929,
ip
established
Inc.,
themselves.^
present
NET
owns
principal
the
.
^
•
.
,
proportion
amount
to
Net
from
:
tho
,;■
printed,
was
through
acquired
we
at
-earning
are
in
the
the
rate
All
future.
near
our
own
of
these
factories
1945—9 Mos.—1944
$475,000
in
stores
Ohio.—V.
use
162,
Prov.
1,198,684
*
presented, :
$8,172,920
1,504,511
$7,918,813
$5,807,746
■
1,118,501
"
1,066,453
&
247,945
680,365
*
•
■
66,305
.
/
•
•
96,449 "
45,434
346,324
•'?
343,193
3.7,829
$8,523,878 $12,506,170 $11,729,643
5,916,211
8,251,241 ., 8,152,414
6,077,500
435,897
159,766
<
i
-
•.
'
125,095
162,776
$3,353,097
972,043
117,637
93,892
523,993
213,115
559,556
217,181
361,601
161,330
deple.—
&
781,718
•
.
561,145
:
354,678
24,292
•
:
33,083
amortization
•- -,
"763,721
1,488,614
606,242
548,459
$9,278,086
—
;
422,257
of
(net).
1,568,900 ;
*
tax
——
—
&
(nor.
sur.)__
266,052
income
$1,968,663
556,525
$2,509,467
632,995
,
012,623
_
$2,677,345
999,525
$1,610,420
$0.67
*1945
for Fed.
excess
Other
Accounts,
Other
U.
refund
inc.
net
55,329
54,530
38,559
Total
Common
»The
Sterling
dividends
amounts
Inc..
for
this
Natural
.
.
Mortgage
the
12-month
Deriod
$31,187
37,147
36,657
34.716
—
the
ended
profits
tax.
—_
-
$33,420,561 $31,148,872
;
—,
31,250
200,-000
1,444,321
liabilities—..——.—.———
25,150
202,350
contract
loans
accrued
liability..
—T~-»-*
accrued
Interest
combined
May
31,
ft"
73,237
,433,711
364,409
6,212,481
6,410,084
159,908
148,737
40,597
45,577
—123,763
99,16484,836
i-.——,$7,288,730$4,916,502
purchase
Provision for taxes
.....
—
...
——
loans
credits
—
—
Earned
shares),
surplus
200,000
26,675
160,733
-
—
-
—
1,421,773
3,647,500
172,137
5,000,000
8,926,605
5,866,495
—
stock (2,104,391 no par
surplus
62,500
•
2,201,505
961,528
3,447,500
26,632.
5,000,000
8,926,605
(per cont.)
clients on constr. cont.
Capital
Capital
ft '
—V.
162,
—
4,412,942
S33,420,561 $31,148,872
1440.
p.
Sullivan Machinery Co.—Earnings—
9 Months Ended
sales
;
34,716
totals
of
and
of
1945,
Net
■
4-'.i
for
for
renegotiation
provision
and
estimated
made
common
on
the
Federal
income
—....—
for
Federal
basis
of the
$9,752,278
561,084
1,437,113
and
:
stock
1944
$8,566,784
estimated
income
share of
.
„
—--^~—■———~~
profits' taxes
NOTE—Provision
been
1945
Sept. 30-7
v
before
taxes
Federal
Per
s»m
income
Provision
surplus--*—$102,841
represent
excess
——
payable
gas
excess
column
Federal
„—...
Accounts
Net
Glow
paid————
in
#
LIABILITIES—
Net
2,381
profit ' transferred to
Preferred dividends paid—
of
unadjusted debits.—:
3,584,663
•
;ftE0ft_
—:—.—
refund
Post-war
Other
17,293
ImlUStries^?anG.*i^ii*L—
Net
177,712
5,946,912
—
—
<47,433
Crl0,272
—-—
Sun
60,716
961,528
Office buildings & other real estate, less resrvs.
Furniture and equipment, less reserves
$95,913
100,478
102,715
—.
of
securities..
'
—:—
111,406
2,315,960
8,055,511
75.386
.1,421,773
v
177,713
9,210,481
—
exc.
Mortgage
$336,503
surtax-
——
in
receivable
interest
Total
prov.
—
and
1,400,000
900,000
' 73,976
1,000,000
2,870,092
$41,383
$281,174
discount;+i bad
etc.)—^-
interest
notes
investment
S,
1944
$6,755,817
$5,273,283
-—
cost—;
Unadjusted
interest,
—
at
Prepayments
1,268,723
tax
hand——;
on
prfts. tax ref. bonds, at face amount
Natural gas and other mineral ints., less reserve
+1944
2,07*^495
profits
and
securities,
Advances by
sell, and adm. expenses.-.-.
$1,972,197
1945
banks
Treasury, savings notes, series C, at cost.
U. S. exc. pfts. tax ref. bonds, at face amount.
Other U. S. Government securities, at cost,—
$1,310,106
normal inc. tax and
in
S.
Other
,
Cr294,377
$2,083,958
$0.99
$1,399,515
$0.77
297,096
.
ASSETS—>
U.
ENDED
$2,358,669
< rents,
recoveries,
^Minority
;■
1945—12 Mos.1944
v
>
$5,779,718
Excess profits tax
Cash
;
31
operations
income bet.
Federal
!
of
of
be
value ovef
COMPARATIVE CONSOLIDATED BALANCE SHEET SEPT. 30
r
allowances
and
for bad debts <fc deprec.
provision for bad debts and depreciation-'—*—
•
right fa)
presented "
company
West
-
Balance
Inc.
*
,
and operates
ACCOUNT FOR YEARS
INCOME
returns
discounts,
income
debt
-v
ac-
aggregate amount
by
and
debt expense-
of
of
.
less
Post-war
until
appraised
Jersey City.
report
etc._2__
sales
on
Interest
is
Other
plus
been
in
453,478
Depreciation
f
P
which
company
desire,
nearest
of
in
amount
Middle
inv, -securities
•
Bonds
the
trading,
Total
we
Industries
Cost of goods sold*
its
of
p 2 Wall St., New York, N. Y.
..p. above
$2,500,000,
Other
■
to purchase, for
development and
$1,000
and
*;
.
.
y"
Report—Expansion—
dividend
MAY
1945.
The offer will expire at the ?
bonds should be presented at The ;
New York, the company's agent,
and
City
$1,220
at
of
in
Profits
1
large
Profit
offers
annual
0 Dividends and interest-
time.
to
tSales:
1945."
now
f
to conserve the cash
desirable
it
deemed
CONSOLIDATED
extent
augment
$1,877,694
Sun Glow Industries, Inc., 80%
control of Pearson
Indiana corporation.
Pearson's have been in business
They operate nine retail stores, doing an annual volume
Supervis. & oth. servs.
Securities underwriting
Levinson, President, on July 3,
opportunities
•
retirement, up
to $5,000,000 principal amount of
general mortgage bonds due April 1, 1956, the 6% series at $1,118 per f
r-
"
these
The company,
i-j.
^
of
such
(to
above
—
'
opportunity
same
ft—
.
Treasurer, also recently announced:
Operating expenses
Taxes, except Fed. inc.
t
give the
estate
real
Rents
planned by the management of Sterling to acquire additional
manufacturing facilities for other lines of co-related furniture items
and more well established plants will be purchased whenever suitable
#
company desires to
resources available for
the
Materials and supplies, at cost
—
Cash adv. by clients on constr.' cont^ (per confc.)
Investments in subsidiaries unconsolidated
It
stated:-
for the 6y2s.
1
an
excess
beds,
"In
r-f: ,122
the
Inc.,
years.
'
,.•••■'• •,?•'.
1945—Month—1944
.
chests, dressers and vanities; kneehole desks, bookcases, record
cabinets, occasional tables, chairs and novelties; dinette and break¬
fast suites and many other miscellaneous wood furniture items.
p. 2024
^• within
^.'"V "The
is-the excess of the
amount
Ferlod End. Sept. 30—
Gross earnings:
Engin. & conctr. servs..
r
stock
of
■
'•!
:
*,
.
16,470,000
profits tax credit of 10# .—V. 162,
'
,
.
.i.
;
,-
>
16,095.828
__
'After deduction of excess
337,611 \
;
Stone & Webster, Inc. (& Subs.)—Earnings—
plants located in Fredericktown, Logan and Tipp City,
Ohio,
A large, modern office building is maintained in Mansfield
which
houses the general offices
and display rooms.
In addition,
showrooms are maintained at the Furniture Mart Buildings in Chicago,
New
York and San Francisco.
The products manufactured by Sun
Glow consist of wood furniture, embracing bedroom suites including
2,841,009
4,032,004
in
Net income per share..
Sun
18,936,837
4,097,554
————
''216,386
1944, totals do not include the assets and liabilities
Industries,
Inc.
tAfter reserve
for
depreciation .of1945
and $149,280 in 1944.
tAfter deducting $60,600
certificates.
§ Represented by
24,302 shares of no par
•.
1931.
directors
they
three
4,117,500
income
Ernest
19,496,000
•
———-.u—■;
large quantities of furniture from
p. 718.
acquired by outright purchase the Balyeat
Manufacturing Co. of Mansfield,
Ohio, established in 1885.
This
business
will be operated as a subsidiary of Sun Glow Industries,
Inc.
whose general offices
are also located, in Mansfield.
Balyeat
Manufacturing Co. produces mattresses, box' springs and sofa beds.
25,885,459
4,894,914
Drl34,798
incohie
Interest
29,662,834
3,104,107
income
7,369,648
422,682
regular quarterly
On
taxes
operating
Other
# *
163,906,231
103,346,199
taxes
Net
,
38,042,982
22,956,190
210,367
1
of
time
1945—12 Mos.—1944
42,168,461
expenses
'Fed. income and excess
J:__
611,300
336,139
213,149
,.*<
revaluation
cash at this time
assets of the com¬
pany for post-war expansion policies.
The past year , has already, seen
considerable growth of this company in the manufacturing phase of
its operations.
On Dec. 7, 1944, we acquired control of Sun Glow
Industries, Inc., and as of May 31, 1945, we owned 95,561 shares
of the 100,000 shares of Sun Glow's outstanding stock.
,
In the retail phase of its business this company operates the five
large stores which sell everything in the furniture line.
Plans have
been
formulated
for expansion by acquiring additional stores from
acquired
27,290,578
revenues
Operating
*v
c
to
—
:
1— %
§607,550
367,452
—*
due
|j
1
Pearson's sell furniture, appliances, radios, pianos and other musical
Instruments.
Three of the stores are located in Indianapolis' and
six in strategic points throughout th<* State.
We plan to open mbro
,
162, p.
The
as
S
's
7,834
stock—-—
preferred
'
35,000
~
subsidiary,
Net
Co.—Earnings—
1945—3 Mos.—1944
v i
§
130,553 i.
annually before taxes.,
^
Period End. Sept. 30—
H.W.
83,977
6,321
...
115,300
31,
UThi8
in
.,
the
stated in part:
dividends on the preferred stock have been
paid as they became due.
Cash dividends amounting to $34,716 were
earned and paid to the shareholders of common stock on Jan. 2, 1945.
A stock dividend of 5 % was declared on June 11, 1945, payable July
31, 1945, to holders of common stock as of the close of business
question,
acquire
the
be
1265,205
7,361
taxes-
..
.30,184
T'
'
49,335
—
value of
Co.,
for
162,Mp. .502.
sates
The
in
will
securities
^
.
prof,
exc/
($1 par)_—
B. R. Ross,
Ry.
and
and
surplus
savings
our
15,821
Glow
value.
book
the stockholders for
authorized common, stock to
the purpose of issuing three
exchange for each of the present
in
value,
stock
common
new
Julius Y.
as
2190.
p.
increase
$1
Sterling, Inc., N. Y.—Annual
cents
company
subsidiary
dissolved
No
tax
$829,187
$728,520 $5,930,510 $4,739,820
C. s. LaRue, Vice-President and Treasurer, announced that the sales
for October, 1945 is the hiehest sales volume for any similar month
and the third highest monthly sales in the history of the company.
Purchase Approved—
The
,
25
taxes
—21,283
conv.
May
Sun
$349,895
ft
*
$72,476
5,762
$2,697,680
♦The
of
.
per
were
^follows:
inc.
Total
meeting of
special
a
an
of
IJnd. Oct.
Period
of the
$1
cumulative
...
Sterchi Bros. Stores, Inc.—October Sales—
with
stock, no par
to holders
Distributions of 75 cents each were made on March
26.
18 and Sept.
17,
this: year.
Payments in 1944
March 27, 50 cents; June 21, 50 cents regular and
<>,•»extra; Sept. 18, 50 cents, and Dec. 19, 75 cents.
0,
of
called
have
approve
shares
•?*
—V.
directors
to
.
Declares Larger Dividend—
(■' :■
than Federal
InC.i—
fixed^ assets
issue 422,383 common shares and if all preferred
will be 459,230 shares of common issued.
shares., .-f.,
.
After the exchange
there
Net
Realignment of the Legal Department of the railroad is result
retirement last spring of C. W.
Durbrow, General Solicitor.
expenses
factory vacation expense—
stockholders'
interest
in
Sun
Glow
l!Apprecation
National
York prior to the
no-par
legal
being
after
and
87,655
38,528
30,743
for
Capital surplus
Earned burplus
«'•
■"
'
$250,000
for
cumul.
stores
outstanding.—V.
For the past six
Staff of the company, whose employ he
retained as a legal adviser since 1920.
General Counsel Ben C. Dey.
«t
$1.50
convert there
directors
27
2,000,000
Nov. 12.
on
$1,877,694
'
Inc.
Common stock
^
record Dec. 31.
is at present
Federal
Industries,
quarterly
of
-f. 10.026
L———.
etc
taxes,
accrued—other
Minority
::
162, p. 1679.
Dec.
company
immediately,
'j.
.
shares
common
204,494
21,289
—$2,697,680
75
:
^
16,390
;
insurance,
Reserve
'
dividend of 50 cents payable
record Dec. 17, and $1.25 on the pre-
the
\
1
706,187
assets
Since
:
15,000
15,000
36,703
—
————
(E. R.) Squibb & Sons—To Split-XJp Shares—
for
'
George L. Buland has been
the
x
with the
will be available
redemption
declared
also
shares of
on
The
*
of 5%
the Guaranty Trust Co..of New
:
Insurance
conting. liabs. for Fed. inc.
Reserve for contingencies—
-
1
^
shares
Bonds—;
Savings
excess
Reserves
of
'
New Associate General Counsel—
I
date.
stockholders
"hotel
headquarters
a
schedules
converted.
or
for
necessarv
board
ferred
and
During its pre-War
the railroad's West
for
stopover
well
as
outside
lower priced instru¬
and that the new
said,
14,739
life
436,622
236,280
200,000
693,161
—_—
•
♦1944
$775,271
572,623
-
taxes
(less
$60,000 tax savings ctfs. held May 31, 1945)Rent and deposits received in advance
.
stock outstanding, at $105 per share, on Dec. 31.
under the original stock sale agreement,'to
of Square D common for one share of pre¬
Detroit and
redemption
organized
the
v
,
shares
redeemed
been
Bank of
There
popular
a
is
14 called the
i
Inc.)
$636,327
(net)—
War
,
|
of f
shares
31
and Sterfurn,
hand
on
:
minority
the
4,439
•
payable—bank
Est.
ferred, the deadline on conversion being Dec, 26, F. W. Magin, Presi'dent, said following the board action.
.'*•
The
redemption and retirement of the issue, or conversion into
common, is in accordance with action taken at a stockholders! meet¬
ing on Dec. 28, 1939, when a preferred issue of 30,000 shares was
authorized.
Only 20,000 shares were issued and 5,261 shares already
President
Ambassador
which
It
the
soon
just
Bay
Pacific
was
and
Ltd.,
lease.
reopen
or
Bocochibampo
the
of
T.
holding
SHEET MAY
BALANCE
Due to customers
option,
an
2l/z
-into
Funds
operation beginning Nov. 15,
alterations can be completed.
H.
2
have
.Holders
ft
due
income
Inc.,
LIABILITIES—
:Taxes
all
Preferred Stock—
Nov.
.
President of
is
Mexican
intention
'V
Nov.
on
railroad.
3V^- Byfie¥' -who °Perates the Sherman
a
'
it
the
,
production
the
to
;
,
grade
Carbonara
addition
virtually
under
..
invest¬
■;
on
and
InfV;,
taxable
report
shares.
Accounts payable
Accrued salaries, commissions
,
in
directors
convert
Lease Hotel to Private Interests—
Chicago,
1
flying
the
;
•.
convertible preferred
De Cortes, at Guaymas, Sonora, Mexico,
internationally
because of its location on the Gulf of California in
a
region
big game fishing, is to be leased by the Southern Pacific Co.
a
corporation controlled by Ernest Byfield and Frank
Bering of
of
-
Retire 5%
The
but
companies.
Hotel Playa
•*s>
V
Mr.
one,
important
one-half
Kollsman
To
known
$ a
almost
lower
and
similar in
navy
ometers..
com¬
System
sizable
a
net
Total
Notes
on
$124,000.
affiliated
will
appearance
an
company.
Included
credited
not
deducting
solely controlled
by paying
interest
Carbonara
Sterling,
by
filed
as
basis.
1945
valued
Prepaid
%
ducing, he said.i
32,738,474
-(Representing
Transportation System.
charged against ihcOme
"to
of
be
be
returns
Glow Industries, Inc.,
Government
tFixed
,
ft5
v
plant in Elmhurst, N. Y., already has begun pro¬
'V
: ;:'y
the Scout line are standard altimeters, sensitive altim¬
eters,
airspeed - indicators, large and small compasses and vertical
speed, or climb indicators.
Also, Kollsman is bringing out two quality
low.; priced engine
instruments—manifold pressure gages and tach¬
29,017,018
162,903
1,577,606
2,102,158
Crl79,922im,479,949 Crl,619,298
74,805
2,437,388
R.
Representing dividends
,15. not
Crl
income^.
'Excluding
25,723,744
■
adjust...
will
L, The
2,424,290
102,869
Mr.
the army
and
said, and.,although
instruments
will
line
made
sales
tax
instalment
profits tax refund
Investment—New York Furniture Exchange, Inc.
;
-
for
-
ments
11,790
the
.
fCohsoIidated
567,146
S.
1
Jan.
Sterling,
Vice-President,
.•
,
Kollsman
as
required for safe
conditions a private pilot will face.
Kollsman .believes the market for high
P.
•'
Transport. System
'Net inc. of solely con¬
trolled affiliated c'os._
to
ment
18,677,987
v\
and
construction
the
on
of- 100,000
banks
in
Post-war
*
*"
of
Deposits and security on leases
personal
range
Carbonara,
E.
i
instruments; manufactured
precision
sales
Inventories
6,750,055
4,711,641
New Contifol Ihstruttients---:
31.
Oct.
on
from
ASSETS—
Cash
rapid
to
the
for
boundaries
announced
2.305,044
•
contribute
Instalment
made—income
as
Accounts receivable
plane ownership, the corporation's Kollsman Instrument Division has
developed a line of lower priced quality aerial navigation and engine
control
instruments
which materially
broaden the; safe operational
a •
r-
■
.11
issue
Cash
income...
1679.
p.
period
activities
five-month
the
"
Square; Ht Cb^Develops
.
-
rv:
162,
V..
13.820,490
1945—9 Mos.—1944
^
for
column
include
full
such
£'-k tfncl. Sun
748,424
19,254.990
6,300,441
2,999,647
railways
oper.
this
CONSOLIDATED
20,661,139
railway—6,910,048
from
ry.
in
on
1942
1943
1944
470,086
oper. ftincome.— •'
from
Net
i
income
Seattle—Earnings—
1945
f-. From Jail. 1—. • '0; ft
Gross
Inc.,
..
in
totals
recorded
*
$6,747,582 $279,248,622 $295,061,310
1945.
§This represents the share of
the
stockholders of Sun
Glow
Industries,
&
railway
Industries,
amounts
represent the
alone for the year ended May 31, 1944.
Inc.,
•ft'0-.,
Jan. 1 to Nov. 7
Glow
May 31,
tThe
■
cancelled.
railway..—$1,829,338
from
from
to
ft", ft:•'
233.3."V
p.
Spokane Portland
Net
$34,132
fa
''ft .*
$5,126,239
September-
fi 1>V
'
be
Sun
or
(b) to reject any
$5,000,000 principal amount
Series,
first
•
-
1945
$940,407
:
purchased are to
Period—
■
0ft 263,666
$1,067,914
$73,010
34,358
J
Week End. Nov. 7
$1,204,073
262,619
,
two
of ~ the
excess'
:
2,539,015
$1,330,534
1,336, J
$95,615
22,605
-
$68,490
preferred
..Balance
—V,
23,662
;
income
Dlvs.
-
deduc..:.!
,the
between
'..'ft
ft;
&•
Gross
UtJross income$92,153
^.preference
presented,
$7;517",711
239,748
$544,607
expenses
Deprec. & amortization
Provision for taxes.
without
amount! offered'4nr
1945—12 Mos.—1944
2399
323,700
907,906
$237,384
$1.27
S529.213
$2.83
income and excess profits taxes ha#
estimated rate for the year. In com-
f
THE COMMERCIAL &
The
published
company
bids and also mailed to
request for
a
services,
the bidder, and to be in
multiples of Va of 1%.
In
3 bids were received, the
most
favorable
being from The First Boston Corp., representing a
group
of 41 bidders, of 101.829, plus accrued interest to date of
delivery, the bonds to bear interest at the rate of 2%% per annum.
At that price, the average annual cost of the proceeds to the company
interest
the
bonds,
1NCOME STATEMENT
142
firms, insurance companies, banks, and invest¬
invitations to bid for the purchase of the proposed
Period End. Sept. 30—
banking
investment
ment
Monday, November 19, 1945
FINANCIAL CHRONICLE
Will be 2.80'/cj,—V.
rate
named by
reply thereto,
and
sales
be
to
from
Profit
through
corporation,
means
37,501
shares
24,001
shares
out
of
out
of
the
in
75,000
48,000
in- the
the
case
operations
•
of Nashawena, and
Nonquitt. If less than
so
that
funds
Int.
be
Fed.
Third Avenue Transit
.'
___
.Operating expenses
Net
oper.
revenues....
Taxes...
™™_.
Operating income
Non-operating income..
—
;
Gross income
Total
Net
—V.
deductions
income
162,
p.
2313.
■■'
VV;
-
2,155,463
770,982
i
'
,<
.2,263,643
'
*
-
V
••
109,102 '
365,770
320,425
$1,789,693
$1,943,217
$633,673
28,563
68,575
85,720
331,000
791,000
V 846,000
25,000
100,0CC
275.000
$278,814
$249,110
$927,190
' $758,093
pfd.
237,529
39,000
260,105
1
161,670
84,621
......
50,291
253,862
V
,
stk.
162, p. 1932.
NOTE—For mechanical
reasons
it is not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
' "
'r—
possible
order.
(& Subs.)—
$362,484
.197,055
390,473
.190,165
$942
$2,900,195
1,761,643
$15,001,799
11,764,663
$3,237,135
3,303
$1,138,553
42,584
$1,509,983
22,514
$1,181,136
171,467
1,541,692
$1,532,498
1,553,196
$200,308
-
„
<
$32,144 def.$360,556 def.$20,698
sales
Net
of
Cost
Sell.,
gen.'
etc.,
income..
Deprec.
& amortization
etc., income
prior
etc.
taxes,
for
278,608
«
15,083
30,821
26,394
253,198
575,159
15,500
&
credit
Crl5,083
V
BALANCE
*
Gov-
emergency
at cost.
investments^-at
Federal
tax
by
i.
—.—-
Inventories,
refund
costV
*
etc...
contracts,
--
Other
'Other
Total
$1,097,049
2,035,865
1,685,932
it
—
—
income taxes
directly
relating
*
Deferred
to
Govt.
emergency
j?
3,189,469.
T,683,776
6,959
185,000
1,046,450
Cumul.
3,027,003
of contracts.;..—;
accounts.—284,388
- v.
6,959
and adjustments
245,417
payable and accrued
creditsv»—
for
Reserve
account
on
—
post-war conting.
5Va% preferred' stock
1,031,450
($50 par).
conv.
1,095,082
1,095,082
-.•;1,427,259l,-:.:.1.427>936;?:
2,564,105
2,336,330^
($5 par)
—Capital surplus
Earned' surplus—-
Common stock
Total
-
—V.
$14,665,571 $13,901,37#
——
-
v
162, -p. 719. - ;
United Gas Improvement
-
V='
•;;
and Subsidiaries > ^ ;
.*
"f|
j!
'J
-
z.iP
'.i.
t
Operating revenues.™
Operating exps., maint.,
.deprec., J renewals and
...
1945—12 Mos.—<*1944^
1945—0 Mos,—*1944
Utility Subsidiaries:
;
Co.—Earnings—
(COMBINED EARNINGS * (Company
Period End. Sept. 30—
147,392
218,688
.:*
.
______—
contracts:
Advances
.
; I
$1,750,000
;
999,354
—_—
year
Federal normal
Accounts
204,674
127,408
1
■
"
1
„
one
Balances
266,682 t
1,319,035
•
208,466
/ -
payable and accrued accounts
—
excess
prof. taxes est. to become
within
■
$14,665,571 $13,901,374
and
Income
*
1
payable—banks,
Notes
28,070 V
\ 18,719
202,832
...
nominal value..
™__
LIABILITIES—
Accounts
73,000
\
_4.i™-_™__;.—1 " ."V
goodwill, etc
Patents,
• :
•
^.*....1.™—™___
-
-
in European subs.—at
Invests,
105,985 ;
.
104,339
-1,366,920
.....
Prepaid and deferred charges: !■
Account emergency Govt, contracts...
1,603,959
-
22,130
-••••
•
►
,>;v 461,970b'
63,500
"31,808
-
*_
.
•
1,985.333:
790,538,
V178,000 f
105,985
'
Government contracts...
emergency
r||
•
554,928
».
178,000
—
Mortgages receivable—at cost
...
Due from employees, incl. expense funds......
leases,
property:
/
.
1,180,225
198,493
.95,142
1,530,885
claims......—
on
-
.
: : 1,249,885 v
——.
receivable.^.
accounts
Sundry
Account
j
|>
i
U. S. Govt...
Accounts receivable—U. S. Govt.;—...
:
Plant
-
-
Cash (restricted)
Amounts to be reimbursed
Deposits
-■.?"*
1
ernment contracts: •
Other
\
$1.26
™
to
directly
relating
Balances
f
——-
31, *44
$959,510- 4 $910,967 ?
996,244
608,125
.....i.J.L—1*802,378 >1,760.699
4,368,827
- 3,303,28i \
receivable
accounts
Inventories
SHEET
■
receivable._L.-_;
Instalment accounts
'
$320,093
$357,928
* $1.44
*
^ Sept. 30, J45 Dec;
'
-
...
j'
92,500
•
; Cr15,083
$0.52
share
75,000
.
$128,223
$0.29
*
...
.
ASSETS—'
Cash
943,555
1,423,373
_™.
>$77,453
reserve.
com.
per
.?*
con¬
adj..*..
fr. post¬
income
216,731?
169,817**
11,500
post-war
$1,572,878 J
$2,011,535
$741,277
$361,889
CONSOLIDATED
.
490,904
91,328
•
146,169
to
__—__
war' conting.
Other
$1,940,092
tax,-..
tingencies
Earns,
$2,662,947
profits tax...
normal
exc.
Net
38,029
39,567
.
costs.
reconv.
Federal
Special
106,304
■
,
income
Prov.
1,300,397
$1,793,923
.
$522,843
charges
Post-war
,
25,238 T
,
income™.....
Interest,
1,790,667
$2,542,981
119,967
$847,345
$497,605
&
Gross
Fed.
482,267
opers.™
$809,316
-682,005
Interest,
Net
* 3,709,775
exp.
from
Profit
>
$5,001,357 $22,707,798 $13,348,918
18,374,151
10,254,598
$5,664,281
4,484,672
sold
goods
adm.
1945--9 Mos.—1944
1945—3 Mos.—19*4
Period End. Sept. 30—
1,727,152
$203,611
$165,429
4;611
' #
$.170,039 >
169,097,
Earnings—
1945—9 Mos.—1944
$1,676,546 $15,769,922
1,286,073
12,889,727
$1,724,899
1,362,415
...
96,906
,
United States Hoffman Machinery Corp.
Corp.—Earnings—
1945-r-Month—1944.
21,597
-
$1,964,814
.$1,886,766
22,361
__
pfd
prior
on
97,072
and
cumul. $5
on
Dri28,205.
234,000
,
taxes**?:
conting.
stock
Divs.
13,373
.,
profit from oper.
Divs.
—V.
debt.
income
post-war
Net
$651,879
$521,801
;
$535,175
war-time
for
minorities of the stock of each.
revenues
'
and
store
long-term
on
Est.
Prov.
Whitman, Jr., President of Nashawena Mills, and Hendricks
H.
Whitman, President of Nonquitt Mills, state that the offer of
Textron, Inc. to buy all the shares of the mills at $40 per share was
not
submitted to officers or directors of the mills, and
that these
officials had no knowledge the offer would be made.—V. 162, p. 2313.
Period End. Sept. 30-4-
,
will
from
operations.
income (net)...
William
Operating
'■■■
r
f
127,337
...
Total income
the
holds substantial
'
'
t>
agency
Other
case
of
available to purchase 100%
outstanding stock of the two mills. Should all the stock of
both mills be sold, Textron would pay $3,000,000 for Nashawena and
$1,920,000 for Nonquitt, a total for the two mills of $4,920,000.
William
Whitman Co. acts as selling agents for both
mills, and
assured,
'
„
agency
First
of outstanding shares are deposited, the bank, as agent,
may, but shall not be obligated to purchase, on behalf of Textron,
the stock so deposited, in each case at $40 per share.
Arrangements have been completed with another financial source,
bank
and
store
operations—.
649,139
& amort,
applicable to store and!;%v .
majority
the
$47,158,669 $46,879,84k
.
agency
Mills—
National Bank of Boston as
agent, recently offered to purchase all the stock of Nashawena Mills
Viand Nonquitt Mills, both of New Bedford, Mass., at $40 per share.
The two offers were good until noon on Nov. 17, and
were Condi¬
tional upon deposit Of a
majority of the stock of each mill,which
of
'1945—9 Mos.—1944
$16,084,485 $15,862,575
taxes
Deprec.
Profit
a
excise
(INCLUDING SUBSIDIARIES>
1945—3 Mos.—1944
■■i-VV-V/.VM-.'
deduct.
162, p. 2192.
Textron Inc.—Offers to Purchase Stock of Two
This
,
..
after
sales
Net
$12,825,693 $12,462,866 $14,102,7<_ $16,584,112
,
r
-
.
,
- *
,
,i>
-
''V:
•-
:
,
r:
Jr
14,501,137
Net
Other
oper.
revenues.
$1,954,382
(net)_.
276,595
$2,230,977
439,277
$1,791,700
Gross' income
Income
Net
_
deductions
income
Divs.- on pfd;
...—™
G. I.
$1,754,179
$2,389,989; $2^94,608:
')
income
:
1,271,926*
955^57
960,730
1,273,553
$793,449
$1,116,431
$1,122,682
149,248
113,428
J
applic.
above"
113,428
.1.062,991
Expenses, taxes
.
cumul.
Bal. applic. to cap.
—
stk.
1,491,889
$1,949,099
$2,721,743
$2,740,664
•
other
--^
1,006,402
165,168:
1.452.814
•
$2,012,262
Total income
^Restated
$2,948,318
553,710
$835,843
pfd. stk. of sub.
to UGI.: deduct,
deductions
$2,979,433
589,444
,
Co.;
Deferred divs. on
Other
330,245
$2,175,592
421,413
o
B^J> °U CG.n
U.
$2,618,073
377,798
stks., other
Sority^1forme? tote.
The
$2,601,635
$1,946,426
229.166
income
'
13.966,039 j
v
>'
872.001
$1,140,261
for comparative purposes.
1
'
1,014.775
$1,473,335 > $1,313,626
$934,324
<
-
.
|i 1.248.413A- 1,427,038
:
(Continued on page 2436)
*
,
--
~ ;?'«
Volume 162
THE COMMERCIAL
Number 4439
Stock and Bond Sales
Si||'lllll3tilS®ESDAILV
& FINANCIAL CHRONICLE
New York Stock
«»
WEEKLY;-
-
United States Government Securities
Below
week.
furnish
we
Nov. 10
Dally Beeerd *t U> S. Bead Prices
7,7
or more
Nov. 14
Nov. 13
Nov. 12
32d of
point.
a
Nov. 15
Nov. 16
;7 Daily
Record of
D.
5
Treasnry
\ Low
8.
ench ealee
.>77
$1,000 units
Bond
Prices ;
77,7:>>7>>
Total
sales In Sl.oOO
•-V'/v-,;■'•
1
•
iHigh
Close
saies
in
$i,uuu
units
101.14
[High
\ Low
-i
...
2 Vis,
101.14
[Close
;■ •
,
Sept.,
—^
1967-72
7>,7/777
35
Total sales In $1,000
;
the
year.
Nov. 14
Nov. 15
101.23
101.21
101.23 7
101.21
101.23
101.21
'iy\
'.-"'-"'V
7 "-'4
-1
•
101.6
7101.5
/7:
—
101.4
v
-
''
2
-
———
'$:(
-
——«
y
,
:
■■
■
■
--
>
106.31 7-
•r',7:
-." 'f.
•
'
y
106.31
'}).
.
f'"'\
■
v
7
•
—
i;
7i
——
106.31
•*»——
:':i
■
7
'■
101.4
5
7
Nov. 16
101.4
101.5
—
7760:v7|77;,r^77;-7 57;7:67':,7
Low
units
Nov. 13
-5 if
i close
———
———
•
■■
———
———
10
..
77,-7
| High
(High
2 Vis, 1951-53.—
\ Low
•
>.i'y
101.4
(High ;
'
101.14
Total sales la $l,000 units——
»%S, 1949-52—
.
Low.;' :J01.4
xwia.1
;7
•
7,1
units
Close
—
tor
range
Exchange during the current
,
\Close
{High
«,
the
Exchange
'A- \
lJw
101.4
3V«s, 1946-49
oompntlng
7fNov. 12
Nov. 10
rHlgb
J
—
Low
Total sales In $1,000 units
in
the New York Stock
on
u
,,,
2Vis, 1966-71
[Close
Total «ele» la
ol
;
f High
.
taken
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
a
Figures after decimal point represent one
Treasury - . , ,
♦Via, 1947-53
YEARLY
unlese they are the only transaction* 01 the day. No account ta
WOTIOB—CMU and delorsed delivery aalaa era disregarded In the day's range,
Exchange
[Close
|
Low
,
[Close
.
Total sales in $1,000 units—_
•&Total sales in $l,ooo unit, s ________
t v
i rfHign
-
.
3
1 Low
3S, 1946-48
Vv
,/■
5
*
Vis,
j
1952-55..
1 close
%
[Close
V.
-
Total sales in $1,000 units..
Total sales in $1,000 units.
„_i
'
Holiday
( High
;t
.J LOW
[Close
3S, 1951-55.
tYeS, 1954-50
Total sales in $1,000 unltg-4-,,
f High
,C
•
-\'C
I
''
->i-'■7.7,'
IClOSe
*
.7>v
7
'
;I
.
Low
7>'
7>7':
• [Close
Total sales In $1,000 units..'—..
1
>
:
.
(High
,
2%s, .1959-62.—
~'
:
;
f High
'
.V
1956-59.:—14.^—J
Total Sales. In $1,000 -unlfar7
units.
$1,000
In
v..:V"
.
2ViS
1 Low
[Close
Kales
Holiday
[Close
Total sales In $1,000 units
3%s, 1955-60—
Total
(High
j Low
.
*
'
'
(High
2s,,',1947--—"J
f High
•
|
LOW
(Close
v
•
[Close
Total sales In $1,000 unit* 7
units..
...
7
I High
_-{ Low
[Close'
[Close
Total sales in $1,000 units
fHlgn
•>?*••
V
-
-
.
j Low
«%■, 1958-63
•'
[Clos-;
'
•
Total sales in $1,000 units...
>•'::•
f Higu:
$S, Deo. 1948-50
77*' 5 :
J
—
Total sales in $1,000 unlts^
115.27
(High
—] Low
lVl, 1960-65
't
V
.
.■
«
Total
(High
j Low
[close
sales in $1,000 units
«
-
.
| High
:
.
2s, Sept., 1949-1951...j
j Low-
M-V
[Close
'-I
^
-
'•"
(
Low ?
[Close-'
•
Total sales In $1,000 units
Total sales in $1,000 units
•
f Higu
,
r}:'■
115.27
Total sales in $1,000 units
1945
"
i
2s, June, 1949-1951
115.27
(Close
*
:
'•
~y
Low
iciose
•
Total sales In $1,000 units
3Vis,
r-
t High
2s, March 1948-50
.{Low
r
'
'W,:
'
•
?
[High
i LOW
s
1948
2'is,
.
7>7Hr
vv"f
2s, Dec., 1949-1951—.......
I Close
;
\
( High
2s, March,
j Low
[Close
Sept.,
as,
( Low
Total
$1,000 units
...
;*
.
108.15
108.15
V'y.i: *,, '■
108.15
Total sales In
$1,000 units
[High
Low
Close
[Close
(High
{ Low
a,,
2s,
102.13
102.13
[Close
2Vis, 1963-1968
102.13
102.2
[High
Low
102.2
(High
102
—W
4
$1,000 units
:
1964-1969
[Close
2
:
7.-7
'
1965-70
Total sales in
( Low
,..■■■■
W—
—
l
9
'v7
1
:
(High
,
Total sales In $1,000 units
101.14
(High
77571
rr
.
V 101.27
101.23
—J
101.23
101.23
101.23
101.15
101.14
101.15
101.14
Low
: ; (Close
Total sales In $1,000 units.—.—
.;
101.23
101.25
[High
-
'V-
:7;41,,7..
,7
•
IVis, 1950
101.25
..
103.30
{ Low
[Close
102.1
f
..
103.30
103.30
103.30
1%$ 1948-.
—J LOW
>7f(Close
r,
102.1
—
5
103.30
103.30
103.30
Total sales in $1,000 units
V'
102.1
102
$1,000 units
102.2
■
102
\ Low
r
;
102.2
102.4
if-
103.30
103.30
103.28
$1,000 units
1953-55
102.2
102.4
-
103.28
103.28
[High
-j Low
.s|E[Close
1952-54
Dec.,
v(High
2a
102.4
7
102.2
(Close
i
sales in
Total sales in
5
units
3Vis, June, 1964-1969
Total sales in
V
■
$1,000 units
Total
Total sales in $1,000 units
2Vis
(High
Low
[Close
m-i'lWi&L.*.j
i -Low
,
103.23
10
;
(High
-v.'..-
2Vis, Dec.,
103.23
[Close
3
2Vis, 1962-67
Total sales In
103.23
.-j
Total sales in $1,000 units..
units
Total sales In $1,000
Low
f High
Low
2s. 1951-1953—-
[High
\ Low
[Close
2Vis, 1956-58
_
:
"
-
\ Low
[Close
-
Holiday
sales In $1,000 units
4
[High
.
-y
....
|
1950-19 52
1
:
Total sales in $1,000
103.8
[Close
[Close
Total sales in $1,000 units.
Total sales in
103.8
(High
Holiday
(High
Vis, 1950-52
1950-1952
Total sales In $1,000 units..:
Total sales In $1,000 units-.
2Vis, 1952-54
103.8
J Low
(Close
(High
•Vis. 1949-53
2
vvAy- [Ciuao
$1,000 units
Total sales in
Total sales in $1,000 units.-.
(High
•{ Low
101.15
101.23
'
23
$1,000
•Odd lot sales.
1
'
3
■»':
715
"
^Registered bond transaction.
NEW YORK STOCK RECORD
SALE
Saturday
I per thare
Tuesday
Monday
Nov
Nov. 12
Nov. 10
S per
"
7
96
*34 Vi
-
34 Vi
7 18
46
——•
•
115
I3/*
-
.
=
*101Vi
185 Vi
18'A
>17%
45%
'45
31%
31
50%
8
4%
"
64
64
38
38%
>7
—
--
.
<
49 Vi
i
•116
8%
85%
*111
85 %
1,300
112%
14%
32%
32
>7
15 Vb
10,200
2,700
33%
18%
18%
18'%
46
45%
45'A
31%
31%
49%
48%
s;
7,300
25
25
*24
184
31%
-
2411.
*102
:''7;
24
185%
22 >
33%
<":
34%
x33'A
39
39%
38%
7:
■
ACF-Brill
Motors
7
$ per thare
$ per share'
22
87
Nov
115
Jun
96
Nov
2
60
■
9% Jan
25 y2 Apr
—10
2
i
34% Sep
23
52 Vi
-
per share
64%
Feb
114
108% Nov
7
Jun
BV$ Aug
Jun
64
Deo
10%
-Jan
-*47
»
ley* May 19
7
Highest
$
$ per share
15
15
Loweai
10
9
Jan
60 Vt Jan
No par
2.50
Co
'>
Highest
111 Vi Apr
100
—
Acme Steel Co
49%
120
*-
9%
9%
5%
5%
Address-Mutlgr
Deo
14
Deo
Dee
13
62,700
63.400
Allegheny
9,300
64'A
400
38
38%
5,800
7>;21%
24
7>
189
7
24
' 186
1
22%
23
600
;77.
.
13
-
26%
Jan
33
;4 22 y* Apr
6
31% Nov
16
-19%
Jan
24%
par
39% Jan
2
52% Oct
15
98y4 Jan
23
1
100
war
$2.50 prior conv preferred-No par
Alghny Lud dtl Corp
Alleg & West Ry 6% gtd
No par
100
Allen Industries Inc
4,300
Allied
4,400
1
Allied Kid Co
Chemical
6i
33%
3,600
Allied Mills Co Inc
38%
39
7,100
Anted
Stores
Dye
No
par
8
33
33%>:
39%,
24
7
189 'f'>
22
106
45% Nov
10
Corp___.
pf A with $30
Corp
-10% Jan
18'/2 Nov
24
i
No par
No
par
120
July 10
9% Nov
+
-
16
2
2% Jan
24
5 Vi Jun
11
22
60% Jun
21
Jan
23
enViMar
28 Vo Jan
24
39
1
7
Jan
11
104
13y2Jan
1
6 V4 Jan
34% Jan
,:
•
5Vi%
16
13 y8 Mar 26
32% Jan
100
No
5%
64 7"
*102
Inc
9%
64%
106
Reduction
Corp
53%
40
52
>
Air
-
No
Par
10
:
Corp
Alabama & Vicksburg By
Alaska Juneau Gold Min
.
53
Express
600
4,400
'
*116
Adams
Adams-Millis
3O"/8
♦63
21%
34%
39 »A 740 ;7
page
»
25
184
21%
34%
see
106
183
21
39 3/4
*101%
4% preferred
Abraham & Straus
300
1
:
120
4%
50
38%
38
Lowest
Abbott Laboratories——Xo par
10
.
96
Year 1944
Range Since January 1
7
STOCK
Par
■
*93
15
•':777$'-7
4%
50%
64% 7
*63
*101Vi' 106
186'A
34 34
footnotes
49%
■£
96
YORK
EXCHANGE
Shares
f per share
112%
Range for Previous
STOCKS--:
NEW
the Week
16
"
187
39
50
4% v.;
5
*31'A
116
7%
8%
v
18
*45
31%-
7,
49%
87
.
-
18%
47
116
51'A
106
For
-
116
50
34 Vi
,
32
1
721
21
;
33
49%
8
*
;
32
•113
*25,7 25Vi
;
33%
•
__
383i
383s
V
14%
64Vi
*64
7
*93
15
507/s
50 Vi
*84
*111
14%
31'A
4345
-ii
>
96
15'A
'
503/*
50 Vi
115
.
112%
*93
; 18
45%
——
31 Vi
31 Vi
87
7
112%
-V
X32'A
——
18
•/
96
$ per share
14%
——
—_
87
87
*93
-
15Vi
15«/4
*45
——
Nov
,
Sales for
Friday
Nov. 15
$ per share
114
*112%
114
•93
-
87.
87
86
•112Vi
Thursday
Nov. 14
t per share
share
(
Wednesday
13
.
2
56
91
153 V* Mar 16
Nov
May 28
25% Nov V 7
189
Nov
15
Nov
16
Nov
7
157/8 Jan
2
23
277/a Aug
21
35
-
>
-
2
37
-
Jan
94 y4
.
.
Jan
-
9%
141
Jan
Apr
Deo
3yi
Deo
$6
s
Apr
70
July
7% July
Mar
23% Jan
7
Oct
43
100
>~.37Y4 May
75
Jan
7 6% Apr
i
Deo
62
Deo
29% July
91
Deo
rs%
167
Oct
Deo
13% Mar
16%
90
Aug
■*«
14%
Jan
Feb
% Mar
'? 7?? :'??•' 'V
v.;. v
•••■'
Monday,'November 19/1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
RECORD
NEW YORK STOCK
'
STOCKS/'//
HIGH SALS PRICES
LOW AND
MMI»T
fatvrtar
Nov. 13
Nov. 12
Nov. 10
t per
share
521/4
t per
share
shire
51%
t per
;.;i29%
131 y*
130 V4
130'/a
8 V.
8%
*54%
56%
142 V2
142 V2
38'/2
38%
86%
87%
53
37%
49%
24%
107%
51%
107%
47 y2
'•7%
19%
9%
*107%
45
103
102
11%
*102%
102%
12%
*12%
12%
12%
12%
12%
12% '
'
14%
52%
52
35%
35%
35%
38%
36%
17%
34'a
140
*138%
12%
98%
99%
90
90%
91 Va
90
89%
17
16%
17
16%
27Vb
95%
33
31
33%
34
31 Va
33
97
31%'-°
31
,
•
40
.
5Q*-.~
.
27
27%
30
30
30%
52%
■■
53 %
152 /
.
46 Va
21%
;
63%
*118%
65
,
27 Va
a
27%
i
.129
129.
•
111/8
10%
11%
10%
.
39»/2
39%
39%
40%
51
51'/a
52
53
41%
4IV2
41%
42
40%
112
41%
41%
17'/2
17
29
•28%
.14
'•
H
144
*140
'
'? /
41
41%
18
18 / "181/2
13%
ay8
29
59%
59%
*1071/2
10
H9
19
18 Va
36%
*135
V
*105%
113V2
1'3%
113V2
114
a'-
/59
'59%
1081/2
*107
17%
1,600
I 70
*400/
115
21%
22
7;
57
56%
57
87
85
125
*123%
126%
♦26;
,28%
114
44
*84
83%
80%
:{200
39%
401/2
*40%/
115 -.U.
21%
23 ' *"
28 V2
17%
*
19 %
8%
8%
29%
V.
.
*123
125%
..*25%
26%
20%
115
20%
29%
■t
19%
114%
*123%
.
/ 85%
85%
20%
'.
19y<
8%
.
20-%
'
900
650
125 Va
10
5%
2
17%.Jan
32
401/4. Jan
Feb
9
Cork
CO——
Constable
29%
28%
165%
45%
Dec
146
Nov
152%
Dec
22% Jun
28%
Dec
15
Jan
19% July
16%
6
1
13
Jan
25%
Dec
Dec
3
29
Feb
56
111
Jan
132
Nov
16
51
196Va Nov'
20% May
:
156
9
56%
Jan
Jan
Jun
22% Nov
7
9
39%
X161
i.
139
'
5%
.
conv
Austin
10,900
121% Mar 15
116%
Apr
23
6%
Jan
11
84%
Jan
6%
Jan
67%
Jan
.9,
23
NOV
16
112
2
Jan
Nov
8
291/4 .Tun 28
130
Nov
5
"
100% Mar 26 "
109
11% Nov
83
7
■
4
4
% Jhh
6"
6% Jan .' 2
-421/4 July 27-
45
7*4%
50.100
23.400
Baldwin- Locomotive
25%
68.800
Baltimore &
Mar
-
139 7 Nov
1$:
,
•
Nov
51 '/2
0
-
76% Jan
,,
1(H
•
22
-
1
33% Feb
:-r./7t»/4.Sep- 7
"..
30% July 27
110
22
55% Feb
60
-
2
113.
Jan
Jan
16
2
Jan
14% Jan
NOV. 10
125;? Nov
9
23% Sep
8%.Jun
75% Jan.24
38% Nov
Oct
•-62:7 Jun
Apr
May
°
120% Aug
Dec
20
7
7 Jan
-Apr
84 Va May
15% N07
28%
29%
.
'
23 %
36%
19%
23%
23 y«
37%
40
19%
19
22%
,
„
:
41"
19%
■I
23%
23%
25
39
24%
40%
39%
41% /,
19Va
19
19
/ 19%
74
;
:/
40% ,42
76
40
40
40%
41%
40
35
35
35
35-
35
52%
53
*53
22%
23
yX21%
18%
19%
53%
•53
22%
19 %
■
22%
19
*44%
*48%
v-
45%
'43%
49%
13%
*109
13%
_
*39%
76.
10%
20
75%
75%
40 ■>.
41%
preferred
Bangor St Aroostook
Conv 5%
preferred—,
Barber Asphalt Corp___
3,900
34-/8
34%
500
*53 /
*
40
39%
40
*129
133
*130»/2
133
19
19
-18%
18%
.'•*
•
12%
39%/
53%
22 »/4
21%
/.
'
19
18%
1.600
40
*130%
135
18%
12%
391/4
.
18%
49
: 133
.
>
•'
3%
Dec
Jan-
29%
29
29 y2
x26
26%
27
28
21%.
22
X21 :
21%
20%
21%
107'/a
Fdr'footnotes see page 2411.
*106
107%
*104%
107
*106
107%
-39Va
*i3iya
100
.
27
27%
21Va
,
6.500
21
,4.500
*106
107'/2
Co—
1.400
Jan
13%
Dec
Dec
31
Jan
23%
1914 Jan
9%
23
:Jun 21
Dec
31
Jan
14%
12% Jan
9%
79
julyl3
Dec
Mar 27
29% Aug
41/4% preferred-————100
35 Va Nov
16% Jan
9
.
54
2
7 25
32% Jan
36
j
■
Jan
106% July
9% Apr
35
Apr
30
Feb
'
7
Oct
16
15
147/b
/
Sep
14% Aug
25%
Feb
Dec
July
Tf-'le% Max
<19%
Dec
34%
Nov
38
Dec
-Jan
105%
Jun
111
7%
Jun
14%
Dei
Jan
38
De'
IIIV4 Jun
31
Oct
11
28
Jun
6
Nov
15
121
Nov
19% NOV
8
10%
Jan
13
July
10%
Apr
15%
133
29i/2 Nov
13
237/a Oct
2
Jun
2
77
18
Jan
40 y4
2
103 Ti Sep
Jan
15% Jun
110
"
Aug' 7
12% May
23%
■
*
3
20
68 Va
Apr
'12
5
50
Aug 17
Jan
60
-
45% Oct
257
t
21%
-
28
23,
Jan
18
'
2
19
12 % Jan
7,114
.
22% Mar
14% Aug 17
/
-
44% May 16
3
50% Jan
?
-
/
7
17 y2 Jan
1
Beech-Nut -Packing Co—7
20
Belding-Hemlnway
—-No par
Bell Aircraft Corp—.—
-1
Bell & Howell Co——.
.—10
Dee
5%
22
66
,
26%
26
..
-5
par
Beatrice Creamerjr
———28
$4.25 preferred—
No par
Beech Aircraft Corp—:
—-_1
Beech Creek RR_
50
210
>.
18'8
Oil
Apr
18
287/b Jun
100
,—40
iron, Works Corp
:
? Bayuk Cigars Inc————No
■:■■:■ 20
18%
•
Bath
6.300
391/4
137
800
Barnsdall
300
,j
13%
■v
18%
*
49
109%
13%
39%
22
44%
*108%
133 /•/•/:.
18%
»«2
*105%
5,100
81 Va Oct 10
9
7 44% Jun
:
Brothers—-——--No par
5Va% preferred
50
14,800
191/4
100
50
24% Aug
..li%jran 22
,
?
7
Barker
150
23 «/s
48%
.
13 Va
28%
v
531/a
V ?44%
109
.109
13 »/8
"•
44
*48
481%'/.
19i/a
90
19
/
22i/2
-
22%
531/a
-
''
43%
110:
*39%
V
;/■
34% ?34%
43%
48 %
*109
13%
39%
53%
*42
110
75'"
35
18%
48 Va
-
13
;-t?)
75-
40
\74.n-
45
48%
110
•109
:
76
.
Works——_*13
,—100
4%
2i,300
'
♦75
Ohio:
108
/
13% May
.
28%
:
Oct?
66
28
-
*
Dec
.14% Dec
14
||
32% May
114
57%
Jan
14% May
16,
■
Nov
76
(
•
123% Nov
v
Dec '
Dec ?
55
17%
112
"720% Nov 13
2,
106%
>•
/
52%
•
'
•
Dec?
53 Va
,
8
26'/2 Nov
.
83%
vJan
Feb
Sep
108% Nor
Jan
11% Jan
Jan 23
87
45%
May •'.
107%
;
-
113% Nov
24%' Jan- ;
i
Dec
Jan
25-.:?,Feb :
; 59% Jun
16
58
6
22
10 y2 Jan
77
16
;
25
l; 18%
C
Nov
23% NOV
41-
.
Jun
113 7 Dec
25%/Jan.
15
115% Nov
.
19
Jan
82
.
July
13%
.
53% Jan
1
Jun*
12%
19%
Jan
33
PS
83% Nov
Apr 20
14% Jan
'
Nov
Jan
?Jan
103%
•
NOV .16
45
A
Dec?
46%
■
•
Feb 7
85%
3
16
79% Jun
115
Jan
'
-B%:July
107%
119
12% Jan
108% Mar 23
,
Z
--Apr
8%
P*n
4% Aug
.Jah
90
31- ."109% NoV; 16
Z^/48% Jan
65 prior A—No par
Autocar-Co.-^-.-.-—————5«-.
Aviation Com of Del <Tha)_——3
24%
..■85
18% Oct 22-
.
14%
-
74% Jan
■
•
—100
8%
/
4
Jan
105 % Oct
—1,
300
2
Dec
28% Juiv
"~9%
19y» NCY15
2
-
Dec
Jan
2% Jan
•
-—100
——100
3.500
;
Dec
39
9% Jan
37% Nov 16
13 " Jan 20.
"136 / Nov 13
113
'Jan
3
111
21^4
30%
Jan,
,
29%
'% 35% Apr
8
59% Nov
.
par
123%
29%
13
' 77'
125'/a Nov
:
65
Jan
;
4
-141." Nov
'11% Jan
Feb
Jan
20
14% Nov "7
,'
Mar 27
'a 10
Dec
Dec
6% July
25
6 '•
97/a NOV
102% Mar 27111
Nov
24%
16
18% Nov
r 30 y» Oct
"231% Sep 13
,
7
9%
44'A Apr 30
,
8
v
100
107
15
112% Oct
12% Aug 17
'
Jun
120 % July
16% Aug
Jan
,..44
42% NOV. 16
6
July 20
-
38% July
.
■
49
Apr
13
99% Jan
par
Corp
No par
Nichols—————No. par
29%
Jan
8 'A Jan
No par
preferred
July
July
152% July
15% Dec
8% Jan
'
'43% Mar 27
non-cum
Powder
Dec
75
18
7
911/4 Oct
2
1161/8 Sep
,
.100
Jun
75
57%
v
" 89% Nov 16
Dec
31%
166%
Jan
*64j/2 NOV
preferred—_——^100
Line HE
43% July
Dec
Jan
39% May
15
.
0
Topeka & Santa Fe
preferred——
Dec
56% Jan
1451/i Jan
3
13% Mar 27
:pe*-
1st
Sep
Dec
37%
150% Nov
y
Dec
18%
19%
"
No. par
Corp.
77%
Feb
147
7
; ?30v8 Sep 20
2
.
Jan'
Jan
27 y2 Nov
2
31
Jan
Jan
36%
16
29% Jan
/157
Aug
17% July
'
/ Nov 16
42% NOV,
Aug 21
128i/z Jan 12
Dry Goods-—-——il
" 8%
e3/a
,
180
137/a Jan
1
62% Oct
501/4 NOV
164 % Aug
;;
3
Jan
Jan
41
j-b
No
__j
19%
; 8%
-
163
261/4
"
22% Jan
Dec
12% Aug
13
2
17'/2 Jan
Dec
60%
13%
.
27% Jan
153
66%
12%
.177
3.
9
Feb
Feb
9
62%
Nov
Oct
Dec
.
Jan,
40
15
43
2
.41% Apr
43
Aug
317/a Nov 13
.
Aug 21.
164,1/* Jan
/
Atlas Tack
19%
19%
2oy4
20
15.
Dec
:
130
3%
44%
Nov 13
Dec
Jun
2
15
Oct
.
34
26
;
Feb
Jan.
99
.
Jun
.
12% July
Feb
32
28% Oct
;
:
4
-
Atlas
;
'
20%,
8%
184
2
18% Jan
preferred—w—100
Atlantic Refining—
—25
4%
conv pref series A——100
Atlas' Gorp—/-5'
6%
preferred
——50
V 28.
123%
122.
120
120
116
I *25%
20
13
50
;
Jan
115%
/Sep 25
Mar 16
18
2
2d preferred-^.—
5%
21,600 '
86'/4
-
*123%
v
26%
"
19%
19
118
20% ' 20%
8 % : 8%
126
».
*25%
"
86
4
Dec
8%
'
No par
Ati G ft W I SS. Lines—
^
80
56%
56%
86
24%
101% Nov 16
927/a Nov 16
V
60% Jan. 23
preferred
Atlantic Coast
8,700
...
23 y8
22%
57%
56%
57
41
Dec
14% Feb
.13% Nov
preferred———25
of Illinois—
& Co
$3.75
Ateh
'
3,000
II51/4,
1151/4
'115
111%
Sep 21
..63
.
Jan
Assoc Investment Ca/-^—^-No par
\S% preferred,——
:
-r100
»700
8,400
80% Jan
142% May 24
.2
Jan
75 ;
1
13
v
17% Oct .15.
36
Nov 16
,
24
? 15% Jan
66 conv. prior preferred^.—-No.par:
^7%'prefen^d-^-//-./--—-—100
-
;
;
130% Jan 26
176
28%
16
7%
16,000
*
78»/4
45 /
75%
44
21%
x57
86y2
109%
113%
.
81%
21%
87
20%
11% Mar 27
ll»/a Jan
Feb
38% Nov
Mar 26
24 »/2 Jan
7 Nov
123
Jan
14%
Jun
40
1150
107
106%
•
83
115
115
,
861/2
114
30
Aug
46
x56% July 12
"
51?// 51%
75'/2
41%
30%.
vi:'/39:"
39%
38
81%
:
85%
*81%
7 115
72 3a
41%
41%
•501/2
•26V4
Jan
5% Mar 27
'
125
108
-"9%
10
37% Sep
,
9% July
Apr
6% Jan
.'41% Nov
6 %
I
*105%
54
,
22:
7%
16
Oct 29
14% Oct
,
Jan
Jan...
Nov
13
12% Nov
••
6
.\ssociated
139
113% 113%-°
/
73
3
-1
; Artloow
139
IO61/2
101%
102%
113%
8
2
Arnold
'
3.000
4,700
*135
-
Dec
7
12% Nov-
3
48% APf 22
i—100'
Copper Mining——-
Armstrong
*136
51
Aug
79%
.
*
105%
Oct
7%
61
38% Jan
24i% Jan
.
17 y4
76%
13
29 % Jan
Armour
.
4,600
371/4
16%
36%
139
139
*50
,105%
Nov
26
—No. par
Archer-Daniels-Midland-.
•800
I 30
19%
19'%:
197/s
36% %
103
_5G
108%
135% 135%
107
x71%
42"
41%
21%
21 »/2
99%
•111
75
72%
38%
38
114
*105%
107
99% 100'%'
113 Va
85 V2
*81%
59%
'
15
46
Mar
<4./-Jan
Jan
Jan
6% Aug
Jan
65 ?
l
77/8 Jan
Apr
39% Mar
57% Nov ; 9
1
9
•
42V4
41%
138%
142
'
73
73
141/4
13%
i2«y2
19%
•137% 139
*4«%
41%
139
■:
50
50
105% >105%
100%
100
.
2,200
42,900
124%'
17%
140
*135
135 ?
135
281/4
28
123 '
r 36
36 y*
36
■
:
17%
xl7%
18%
*36%
3.500
2,100
e
Dec
3%
13
Anaconda Wire &
li200
9V«
14
*107%
108%
19%
*107
108'/a
69
18%
8%
124
*138
591/4
57%
59'
58%
124
138%' 138%
139
42
18%
29
13%
13%
;
*124; 124%
41%
■■
40%
--10% Oct 31
-
12% Nov
-100
No
—
65 prior conv
Anaconda
90
'
&%
2834
•,
; .r
Apr-
9
22
-
2,000
»
33
Cable,-w-.jVo por
Anchor Hock Glass Corp.
—12.50
$4 preferred
"
No par
Anderson, Clayton & Co——21%
Andes Copper Mining—,
.20
A P W Paper Go Inc.
—.5
'
*
41%....;
,
42%
Dec
16
70
—-190
Elec
&
Woolen
preferred
<450
112%
.
.
•ll^'/a 1121/2
8%
V28»/2
41%
•1121/a
41 »/4
,
/
94%
Nov
-No par
Amer Zinc Lead & Smelt
38,600
52
50%
Sf
41%
8%
125%
\139-
51
51
i
41%
40%
40%
7
9i6Q0
83
*79
83
39%
'
125
10%/;
10%
*79
10%
25%
Jan
13
*
Jun
Jan
-
4
102
15%
xl03%Nov
.
Mar
5% Mar
Jan
•
Dec
29
59
-
Viscose Corp-——-_14
Wks
Jan
9
5
No par
preferred
Water
American
500
129
16,
2
/66 1st preferred——-4——No par
200
12,300
28%/
10%
Am
89,900
113'/2
129
40%
*17%
14%
125
•
56
23
21%
129
*127
Mar
21
11%
48% Nov
3
/
65 y4" Jan
American
Dec
4% Aug
;
Apr
68
15,
24
65/ Jan
2,000
Dec
36%
,71% Oct I
35% Nov
6% Jan
B———,—25
8% preferred
——-100
Amer Type Foundries Inc—.——10
119'/2
,*/27 l/8
;
,
47
Toba^eo*«——25
631/4
.
107%
23
28.,
68% Jan
Common class
.490
*111%
27%
Jan
American
5.500
/
22
niy«
40%
112%
29
28%
r
14
125
13%
20i/e
26.%
/5
par
Teleg Cp_—
Dec
Feb
109% NOV
*
38% Jan
1,500
21'/2
'63
—
Aug
•
xll7% Nov
Jan
'?Mar
91
*118%
1191/2
96
9;700
159 «/4
62
.
111%
.
52
9
8%
91'a
9
V
.62
*118%
-
-
Tobacco—
Nov
15/
20%
21% Sep
2% Mar
8% Nov 15
20% Jan
3-400
21 «/4
21%
—
131%
-Mar
101%
29
9
43Va Jun
Jan
Feb
14-
8% Sep: 19
2% Jan
Dec,
27% July
115% July
10% Jan
19% Nov. 14
Amer Telep St
158%
;
Preferred
.
Nov
Jan
108%
:
27
—100
—100
Refining
Nov
53
24
3% Jan r'2
No par
Co_—
Oct' 18'
.
183%
Nov
107
2
10% Jan
.-No ,-par
——..
23;-
2 "
109% Jtm
89%
9U%
90%
90-u
*112%
112%
413/{
17%'
112%
.? 112
4IV2
*16 «/2
Stove
Am Sumatra
20%
82;;:.
40%
51
American Stores-
300
150% 159 %
09%
22
18% Jan
301/4 Jan
100-
1.300
/
Jan
149
,
22
50%
194
68%
54% Jan ,22
American
1921/4
16
37% Oct
80% Jan
No
Co-—t
American Sugar
vcm-J
42% July
Nov
1411/4 Oct '
2
1.300
83"
Apr
127
2
2,000
192
Jan
33%
105 % Apr 26
*•
600
170%
19
-
AmmcanSnuff/-w-->—25
6% non-cura preferred-^—:——100
Amer Steel Foundries
No par
9,200
13
Sep
13
91
95% July
11
Nov
16
4
Oct
Sep
July
67
2% Jan
30
88%
Mar
Jun
.
112 y8 Oct
5
25'/a Nov
par
;jprgferred
■
10
5
82
10%
196
15
41% Jan
150 Va
.
63
39%
510
900
162
41%
14
29 Va Nov
-100
—
News
52%
i 1901'.
ii9 y2
*79
83
*80
83
*80
7,800
■*
May
No par
Metais,—
St
preferred.
59
:
Product!
Mach & Fly Co——No
150
,
.
'
■
'
27
52%
19%
20%
>111
112 Va
25%. 27%
•127
129%
"10%
10%
28.%
40 %
*29%
2iy8
62%
*158 /
40%
1-62 : V t
40
*26 »/4
90%
*118%
20
129
.129
30
„
20%
U2
:U 26 Va
40'/2
26%
89%
...
49%
/. *158
■"
61
V
^800
f710
41%
61%
'
175% 177
"v'49%
50
1751/2
49
162
411/4
60%
60
■1751/2
,
/
41%
41%.
■
311/4
31 Va
31%
*31
158%. 154 «/4
119%
19%
HI*
.
1^00
190%. 194%
33 %
31 Va
64
.
*111 %
20
191/2
111 Va
32% / 331/4
50
213
119»/2
*641%
*118
<
159%
159%
21%
x
331/4
152
91
90%
159 '4
■
213«
33
47
,
89
89
91
159%
1,500
*150
194%
1.94
88
*90%
96%
8
3
preferred—
-No par
preferred;
-No par
San'y——No par
Preferred
———100
American Rolling Mill—
25
4%% conv preferred.
;
100
American Safety Razor—.—-18.50
American Seating Co——No par
Amer Ship Building Co_.——No par
Amer Smelting & Refg.^——No par
11^300
2.7%'
96%
16
65
| 10
182
27 y8
3V
133
Am Rad St Stand
42,600
97
WsZfVi 52%
....
*1781/4
i7y2
46
Apr
13% Jan
r_10
1...
56
-1
SS Cu__,
Amer Power St Light—
7,100
27%
'
-
1
conv
American
8,700
927/«
'
/
183
'
101%
92
Jan
126%
66
600
96
26%'
....
49%
*48 %
194%
88
152
*150
46%
194%
*180
59%
39%-
-
20%.
53%
*150
92'/a
16% HI
30
40%
Amer
50,100
100%
101%
91
•■>' 49
-
13
100
Jan
371/4
8
112% Mar
No par
Metals Co Ltd——_—-No par
13
7%
5
——100
Mach
60
16
557/8 Oct
Jan
6%
12%
227/s Nov
Oct
"Jan
Amer
57%
Jan
27
Amer
26%
175
*158
53 Vs
,
■
49
•
158 {
39 %
-
/'/:
27
/
27
*•
-SO
158
158
40
12%
f
'
491/2
491/2
i.
*154
•?
42
59%174%
175 y2
175
175V4
-
30%
X4iy2
60 Va 4
59%
59%
59i/2
57%
'•••
60
110
7,700
*
*
18
89% Feb
2,800
r
30
140%
*139
«
33%
30%
43
42
42
42
175
57
■
Jun
183% Jan'
130
',17
35'/a
-
•
35%
140y2
97
-
33%
-
16%
16%
16%
:;34%
80
17 :. 135
Jan
15% Nov
10% Aug 21
preferred—--—-—100
7%
1,800
9,500
37% ' 38y8
27
.
96%
-
-
25,000
120,/
1191/4
_
; *139
/
x26%
96%
96
//;•
*180- -183
---
27%
27%
27%?
:
180
180
182
*180
120
-37% " 38%
-
91
16%
:
-
140
36%*
"
57%
16%
101'
-35%-
119%
-
400
52»/a
*52i/4
-35%
Dec
30
231/b July
72% Dec
Ice^„———fi-i—-No par
preferred-100
Amer Internal Corp_-——No par
Certificates of deposit——.
;i—
American invest Co of Hi-—-——i
5% conv preferred—
—50
American Locomotive^.—-No par
600
14 4
•13%
521/a
Jan
45%
Apr
6*non-cum
3,800
12%
31%
Dec
16
American
600
12% ::
12%
*12%
'13%
35%
12 y8
12%
99% 100 Va
13
98%
.12%
13%
34%
56%
57%
13%
103
12%
fl %
6,400
100
May
40
Jan
Leather
preferred,—
American Home
;■-v
11%
11%
26
96
American Hide St
2,900
57
101'/4
X100
66
American Hawaiian
Nov
7
Export Lines
7/00
3oo
,9%
9%
101
) -12% -12%
300
4,300
46%
481/4
57
•521/4
67
67
109,
109
11 V»
12%
1,200
25,600
35%
'
41
Dec
110% July
7
Foreign Power—.
Amer &
63,500
■*
117
■
9%
102%
American
Mar
NOV
16
Sees—
Amer European
5,100
7%
34%:
57
11
2,100
8
Dec
4 Va
42%
Jan
Nov
No par
Inc———1
Np par
preferredNo par
2d preferred A-——-—No par
preferred—
—-No par
19
82
Jan
Chicle——
411/4
-
117
-
1011/4
140y2
140
140'
'56%
57
•56
109 %
35%
34%
35
34
140
Xl09y2
&
l
•
120 "
37%
38%
16
" 16%
17
16%
17 Va
34
81/4
120
120 V* 120 %
38
38%
121
*120
*18
•';'
35%
13%
35%
.
117%
>
3,700
40
7%
?
8,300
7%
16
15% Aug 21
Mar 21
—10
American
16
6% 1st preferred-^--—>——100
Amer Distilling Co stampede
20
American fcneaustic Tiling——1
160
Nov
/
Jan
92% Nov
Co
Crystal Sugar-
1,900
1071/2
'i 49%
.7%
40
32%
.
,
*52
52
35%
181/2
,'X117%
-
&
7%
181/4
12%
xl3%
*13%
.
*14
7%
39%
103
12%
12%
*51%
Z4'"
<
11%
'
12%
*12%
48
100%
•102%
103"
103
49 Vs
48%
/
i 24%
*107
148
2
28%
35
39
preferred
conv
9
2
American Colortype
7,500
201/4
24%
251%
107y>
5%
American
620:
144
28%
28%
48%
11%
12
*143
145
1,040
140%
139%
138 *
>
7
24
-100
Am
5,800
37%
8% Nov
24
-No par
1% non-cum preferred
Chain & Cable Inc
500
127
r
37%
37%
*106%
101 "f 101%
103%
11%
12 Vs
56%
57
57
Xl01%
.127
126
36%
3,300
Julv
24%
.17% Apr
28
69% Jan
100
No par
St Pdy
Car
Sep
Jan
100
1
25
Preferred
American
118
Apr
42'A Jan
28
128
Can
American
310
40% July
Apr
55'/2 Nov
;
x41
Radio Corp.
33%
105
20% Jan
,
•
No par
preferred
Cable Si
Amer
2.700
196
611/z
61
60%
44%'> %, 45%
: ' ;
91/4
9%
/ /*56
56%
44%
9%
.
'
77,300
105
196
.
.,/. 25%
109 %
*108'
9%
9%
- 9%
57%
'
*56
31%
33%
108%
45%
196
130
116%
32%
116%
117
1103%
104%
.126
7%.
7%
8Va
7%
15
15
6
May 14
Aug 21
103
1
Corp
11
'
—50
Bosch
Brake Shoe Co
6 Va %
1331/2
15%
*132
14
19 y2
39%
19 y2
39-/4
116%
31%
132
*•.,'"27%
7% f: 7%
40%
'77%
109
44%
44%
Am
60
49 %
r
18%
109
-s-1 erica n
1,000
103%
107%
28%
40
40
4,800
51%
*144
25%
7%
7
22r«
51%
1
7%
117
117
31%
32%
221/4
11
Oct
Highest
S per share
share
per
Nov/8
35
10
3% Jan
—
preferred
6 4
Oct
134
131
Jan
43 %
.van
52
;
144
27%
«<•
22%
*195
;
47 Vt
18%
./
27%
24%
107%
7%
40
.
American
40
77
*75
2
23
Agricultural Chemical_No par
Airlines
5
HaiiK Note
>10
Amer
'
751/2
—->130%
126
*124%
143
24%
*17%
1,900
37 % ; 37%
137
138%
143
27%
50%
6,200
34%
51%
14
102%
195 Va
59%
60 %
144
140
107%
-
85
,
37%
140%
37%
145
26 %
-27%
25%
25%
13%
126
126
•143%
41
34
148
'
20%
102
60%
40 Va
61
40%
84%
??
145
75%
195%
196
195%
300'
55 -i
-
85 ?./-/
34%
;
132%
*130%
;.-.*54
2
Oct 25
Year 1944
r
Lowest
per' share /
54
38% Jan
121
Alpha Portland C»nn
t*v pay.
AniHigam Leather Co Inc
-1
6% conv preferred
—50
Amerada Petroleum Corp—No par
'
40 V2
52 Va
132%
13%
14%
102% 104%
yy.;?:/«00
11,700
40%
20%
52*
31%
8>/a'8%
2,100
1,600
■it} 84
74%
20%
*131
•137 >'• 140
*107
73%
53 Va
1281/4
145%
33%
20%
76
conv
143%
34
"
126 I: 126
37%
33%
.
conv
4%
127%
y
8%
8%
'56 a/55??;::\
.
85%
20%
195
60%
34%
♦74
"
102 Vat
-
39
84%
r
33%
•130% 132%
13%
13%
*192
140%
■
39%
88 -r;
39
53%
102%
53 Va
141%
39
4%
2,000
31%
128%
31%
311%
8%
53%
144;'
•142
21%
£3%
7%
53
I 85%
•:
76
20%
/ 8%
53
; ■
34%
34%
♦74
32%
7%
:;-v
126%
129 ':'
X31%
32%
600
'
6
>
share
per
113% Jan
Mf0_———No pat
preferred
1nr
preferred (called)—100
Allis-Chalmers
10,400
51%
*129 ; 131
^
■*
$
yg*aT
Shares
share
51%
51%
130
*128
128%
32%
33
*31%
« per
t per share
51
51%
51%
129% 130 Va
130
129%
.'
the Week
!
Range Since January 1
Lowest
Highest
-
Nov. 16
Nov. 15
■■■\^t/per-'ihare
52%
i2934
52%
i3iv«
'■$,
Range for Previous
-
NEW YORK STOCK
: EXCHANGE /
Sales for
Priday
Thnrsday
Wednesday
Nov. 14
Tuesday
•31
<
Jan
-
•
Volume 162
Number 4439
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
V;' /Saturday #■;.
t per share
$ per share
60%
'•>$
28
57'/2
31
32 >/4
31%
24%
24%
95
Ve
•154
>
95%
69
;
31W
31%
>
'943/4
95%
95%
*153%
154%
1543/4
•
19%
28%
95%
35-
109%
95 V2 3 96%
Vy ;
109%
34%
*
>
6.100
>:
109%
25%
104
25%
:
104
66
103
90p
103%
1
*62%
37%
63
37 Va
63
37%
63%
63%
39
37
*170
190
44%
44
53%
52
53%
"8%
.
8%
8
8 Va
59 Va
*57
59%
28%
27
28
*63
73
73
16%
16%
52 V4
52%
66
37%
37%
17%
17%
16%
16%
51
50'A
57
56'/8
56V8
*56
56%
56
57
77
77
*74
76
74%
74'A
300
*110%
115
•110%
341/2
35
*110%
35%
34%
67
115
34%
*66
67%
7.600
50%
*67
115
35'A
34 Va
68
*67
•
393/4
393/4
•
11,100
40
17%
18%
16%
18 34
127%
127%
*127
127%
17%
181/4
17%
17%
17%
96
95
95%
X94%
y 127%
18 ;
17%
94%.. 943/4
95'A
/
22 Va
21%
22 Va
x22'/a
22%
22 Va
'22%
34%
341/4
33%
34
X33%
33%
*32%
33 Va
323/a
32%
32%
33
33%
33%
35 %
35%
2.400
112
*109
18%
3t>Va
110 %
323/4
11%
x
173/4
11
11
24%
30%
38%
*53%
54
5%
21%
99*/4
*29%
30%
*38V4
38%
*53J/4
54
ou3A
383/a
38%
54
*533/4
-*•'
3%
3'/a
3'A
3
3%
8%
8%
8Ve
8%
8
8'A
31%
32%
31
32
44
44
43'/a
15%
.
68
173/4
173/4
44%
■*43%
38V4
54
3'/8
*124
50%
126 y.
•
*491/2
15%
"
56
56
133
45
29
y
293A
28%
28%
29%
/!(!
*71%
73%
*72%
733/4
7%
7%
44
160
161'/a
69%
70
70
55%
55%
108 %
150%
20%
25'A
8%
9
8%
19 %
20%
25
24%
8%
8%
•
591/2
153
154
193A
20%
20 3A
207/«
1.330
24 3A
24 Va
25
6.300
8%
11%
8%
8%
*113
115
153A
16J/a
16%
17%
16%'
171/4
2.800
34%
33%
34%
34'A
35
3.600
23%
23
23 %
23
23%
42 3A
42 3A
413/4
42'A
23%
41%
24
42%
14%
15%
14 %
15
14%
14%
14%
*107 Va
108%
77%
*19*%
57 3A
10 y4
30
*56%
*59
-t
*19
mm
10
mm
21%
24»/a
11
9%
10%
10 JA
11 %
10%
11%
12,200
22
213A
22
21%
23
22 3A
23%
9.000
97/a
10
10
10%
10%
40%
29 Va
29%
30
303/e
30%
25%
26 %
69
67%
68 Ye
68
70%
19.100
——
44
44%
43%
44 '
43%
45%
72%
72%
7.1%
72 Ve
71%
73%
453A ^46%
73%
74 !
8.500
mm
3034
30%
30
30%
293/4
293/4
58
*56
22
19%
10%
mm
,
\
U5/a
10%
*39%
mm
mm
mm
127
mm
mm
54
54%
mm
23%
24
mm
.
1303/4
48%
mm
*102%
mrnem
mm
20
53
emL
mm
*190
mm
in
mm*
'
'mm
-
■mm-
*190
-
11.1%108
*107'/a
m~
*99
58
mm
mm
*56%
58
*56%
39%
40
mm
mm
39%
40
39%
51
mm
mm
50
50%
50%
*152
155
mm
'mm
*152
>179
180
mm
mm
Z
>5
mm
-
70
70
*1200
mm
mm
v/v. 43%
43%
*102%
103 JA
*44 y2
45y2
:
"111% 111%
% 15%
15 V*
For
■mm
footnotes
t;.y
*
mm
43%
111%
xl5
.
cs
169'/a
109
-
.:
*190
102
111
66
109
*108.
90
**'at-.is&K2
r-ft; ■ry
: ;
100
800
110
20-
993/4
v
99%'
*99
^
58%
*56% '
39%
50%
51%;%.
158
yy;y
68
103
yy-45
,*•153
'mm
68%.
..i\yy
y
*1200
40
41 Ve
103%
.
51
V 158
179%
68aA
"•'%
,/
59
179Va
45%
113% %
*111%
113%
143/4
y 14%
*102%
yy
14%
47
♦112
v.
-
i43A.
-
'
8c
Zinc
—
:
wv -
c
;
.
5%
*2
" Class
'
80
47%
?
,
14%. y
7r.f7»•?.*» *? L
20
,
8.400
53%
110% Nov
2
2
35% Nov
13
14%
Jan
2~2~y4 July
66
Nov
LO
393/4
Jan
Nov
16
171/4
183/4 NOV 16
8%
:
July 26
40
ft St.
A
A
127% Oct
4
2
18% Oct
10
57/8
2
97
Oct
19
471/2
22% Nov
16
IV*
2
3
2
34.
1%
conv
77 y2
Dec
Apr
11%
Jun
22ya,.Dec
16%
Sep
207/a
Dec
12%
Jan
15%
Jun
8
Nov
9
8
16
4
95
Nov
14
54
-
Jan
83
81
Nov
13
431/2
Apr
70%
Dec
2
87a
Jan;
15%
Deo
,
25% Oct
110
Oct
16
9%
Dec
Dec
16
53/4 Nov
Jan
~27a
Apr
15
121/a
Apr
ma
Deo
101% Feb 28
Aug 21
67%
Jan
96
Dec
Apr
25
Sep
22
24
Oct
~3% July
8
20
par
27% Jan
3
39
Nov
'7
24%
Jan
30% July
52 Va Sep
1 % Jan
26
56
Apr 17
3% Oct 19*
53%
Feb
57
2
%
Jan
iy4
Jun
6V4 Apr
4
9
May
73/8
Dec
:
31
Jan
24
113% Feb
8
Jan
25
—
No
48 V2 Jan
y
11V
Jan
Mar 26
-
32
•
21
Jan
26
—
12% July
Apr
67/e
Feb
51V2 July
11% Deo
Oct
Nov
preferred
Oct
18
May
7
13"
Nov
Nov
4
|
33
Apr
143% July
441/4 Jan
•
Dec
22%
Dec
65
-
Jan
Deo
Dec
33%
Dec
-
53A
Oct
39
Mar
152 Va
Dec
V. 54
July
16
3r%
Apr'
40 y8
5
96%
Jun
106 A
Dec
Jan
129 »/a
Nov
Nov
16
Oct
113
"
Jan
21
1
IX
5
21% Sep 21
253A Nov 13
17
Jan
19% July
5
19
Nov
23
2
9% Nov
15
12 Va Nov
10% Apr
25
10% Jan
Nov
8
Oct
26
18
Jun
Jan
27
49
Jan
21%
Apr
Sep
65 ya
153/a
Feb
21%
21% July
8
31% Nov
8
16 Va
15
Jan
601/2 Nov
15
47
Jan
24 % Oct
/
■
10
13
Jan
16-
11% Nov
16-
4IV2 Nov
1-3
24
134
•
<
Jun
20% Nov
69% Nov
15
y 186
18
May 16
*
115
Oct
Jan
22
'100 >. Jun
3
63% Jan
34%' Jan
17
5
v
140
Apr
May
31
183
Oct
31 Va
34% Jan
110
:
24
2
Aug 24
14% NOV
14
96%
Oct
10%
Jan
Feb
51
Deo
185
Jun
>
76/37%
100-
16 -K
y 92
30
-
90
Jun
115%
Jan
Apr
45 Ya
Jun
Mar
109
Jun
-
96
Jan
Aug
-
,
6-
52% Mar
53%
30% May
34% Apr
/
'
-
-
Jan *
Jan
Nov
38% Mar
145
Feb
111
Feb
Oct
39% July
152
i
July
146% July
8
59% July
67 %
Jun
44% Nov
8
23%
33%
Deo
Nov
2
—'
72;
2
Feb'^"2..
101% Oct
-
50 Ye July
25 Ye July
Deo
31%
Nov
110..
" :
3
2
413% Sep
3
53% Oct 16
152
Oct 29
9
130
>
1-7*
57 Va July
2
Jun
Jan
148
r
105
2
.110% Apr
Jan
Oct
July
6%
it'
26
68% Nov
July
353/4
1«
20
Apr
6%
30
98 Ye
25% Nov
95
Dec
Nov
Nov
19 %
Feb
143/4
Feb
/
57
Feb
40%
.
49 ya
July
if 17 Ye Jun
May
773/4
Nov 16
58
Aug 28
25% Nov
5
'5$.
Nov 18-
105
£
£
14% May
1% Jan
NOV
21
.
30% Nov
Jan
38%
591/2 Oct
2* i
35% Jan
No par
No par
No par
18% Mar
43%
31% Oct
& Jan
62% Jan
Jan
26
49V2 Jun
2
Jan
93% Jan
.
Deo
11%
70% Nov 18
-
2
'. 9%
.
Dec
9 Ye Mar
'7% Mar
106% Nov / 1
:<-
July
14ya
50%
253% Mar
1093/4 Jan
No par
403/4
Feb
; 76% Jun 26
!
' 2
98
.
Jan
5
Jan
44
Deo
Jan
18
37% Oct
20% Jan
RQ
31%
41/a
/
18
34% Jun
24
170
Deo
Jan
Jan
12% Jun
22
66% Oct
100
—100
Nov
23 v
18
22
30
24 Va OCt
\
A
134
Apr*
44
18
Jan
Jun
11
7
17
12% Jun
Jan
May
Deo
Jan
9
Apr
53/4 Sep
NOV
NOV
6% Mar 26
5%
37%
Apr-
27%
T
80
i
12 y2
Feb
23
7
58% Oct
22
Mar
5
20
.
1
Sep
15
28% Nov
17%
26
50% Nov
3
CT
4% July
114
Jan'
4%
Sep 14
110% NOV
5
131
:—No tffff ~*-
7%
30%
33
18
Jan
16
47% Mar 27
24
Jun
July
Apr;
203/4
180
'
28% Jan V 3
15% Jan
15y2
Apr
8%
14
44
21% Mar 28
14% Jan
18
Sep 21
15% Sep 20
24
108
Jan
243/4 Nov
24
Jan
:
Jan
107
Jun
38
22
Jan
7
1
20'A Jun
13
33
41
2%
23
Mar 26
108% Oct
Jan'
9
16 '■r 115'A Feb
4% Jan
11% Nov
No par
100
3
No par
Corp new—No par
173A
119
56% Nov >.
9
59 Va Nov
Jun
54%
Jan
Jun
NOV
71
Jan,
97
27%
2
109% Jan
No par •
No par •
No par
:
5
—5 *
25
No par
100
43%
2
16
15
18 Va Jan
1
No par
-100
ir*.,Pa''
Jan
42%
20'A Apr
No par
(The)
8%
16
14% Jan
100 1
,
26
11
110
•
Lotos Ry. Co
23"
18% Oct
2 ft- 154
Jan
21% July
"
No par
No parr
,*
Dec
V
70% Nov
45
15
127
100
47%
171
22
37 % Jan
Jan!
8
8
473/4 Jan
.
Dec
33%
Oct
Apr 24
8
76% Oct 11
104% May 15
v
35 y»
6
y 30% Oct
2
Jan
Feb'
56
9
152
231/4
45
22
35% Jan
>
9
133 % Nov
2
Mar 26
59% Aug
5 % Jan
10/
.—50
1
Jan
19% Jun
k'
y
116% Jan
100/
5
15%
53
OM
52
:—i—10
Ry
13
128
5r-;
103A Jan
par
A—1
23
45% Oct
Mar 26
47
Nov
Feb
32% Nov
20
40
' Colo Fuel 8c Iron
Jan.
Nov
—
CoUins 8c Alkman.
\
12 y2 July
11% Nov
2
Jan
Dec
Jan
T8% Nov
6
33/8 Jan
Dec
129
7
•
110% Nov
'
10534 July 26
15*
Dec
14'
Jan
13
37
77% Aug 23
59% Mar 27
87
Nov
333/4 Nov
ft
.6
Dec
25%
Jan
H 37Va Oct 19
27
14% Jan
110
49 V»
Jan-
22
Jan
Oct
Jan
Jan
^
r
-
July
31
—
Colgate-Palmolive-Peet
$3.50 preferred
1.400
y 1.500
113%*
50
Jan
Nov
Coca-Cola International Corp No par
'
103%
Jan
4QV4
22% Mar 26
class
Co.
preferred
Preferred
v.
39
7
50
Equipment
Coca-Cola Co
110
13
Nov
No
Stores—.——
—J
?
Nov
80
17
:
No par
Ice ft Fuel—
300
68 3A
44% Aug
57;
'
7% Mar 28
100
L
A
Aug
Jan
No par
Steel
Corp
Oct
-
Jan
0
a
preferred
45
217/a
8%
183/4 Jan
...100
(A M)
CHlnia* ^olybdennm
Cluett PeaPou£ 8c Co
1.300
* '
179%
Feb
Sep 13
13% Jan
2
Clev 8c Fitts RR Co 7% gtd
80
Special gtd A% stock———.50
0.300
■
40%
105
—
30
r '
Jan
7
27 y
y.
Clev El Ilium $4.50 pfd
No par /
Clev Graph Bronze Co (The)
1 &;
-sy
5% preferred
100
58'/a
'40
Jan
70% Nov
Dec
41% July
7V» July
Jan
15
Oct
34%
Jan
3%
203/e Apr;
No par
1
2d preferred
c. c. C.
-
66%
...
City
59
34 Va
123/4
30% Aug
.
;_5
—100
—
City Investing Co___.—
5%% preferred
1.100 :y Clark
111
"66^..
City
a
•.
103/4 Jun
t
.
1.110
241-1.
"aft-
/
3
37 Va
25% Jan 22
Chicago & Northwest'n w 1__No par
543/8 Jan 22
5% preferred wi
:j_100
2
19% Jan
Chicago Mail Order C5o—
8
2
19% Jan
Chicago Pneumat Tool
No par .
3
*3 conv preferred
No par' "-'49. .y Jan
Jan
54
Br P' ($2.50) cum div
No par
15% Jan
Chicago Yellow Cab
No par
Jan
16
'
Chlckasha Cotton OH—
—10
4% Jan
: tChllds Co.
—No par
29% Jan
V Chile Copper Co
—28
91% Jan 24
Chrysler Corp
8
2
42% Jan
C I T Financial Corp
No par
3.300
•
^ 205 •>
102 y
-
39%
*1200
v--.
'
t
20%
;
r
*178
42 3A
:V| 14%
No par
'
1.400
69% V:6&%
102
*153
103 >A
>A. "44
*111%
15%
14.200
103
'v
39 Ye
'
*42 y8
45
12,600
50% £-53
20
69% 1
." 1J1
'
*99
50%
*102%
t
550
'
>,25
*56%>
€8%
21.500
39%
134
* 102 Ye
,
130
406
45% Oct 23
Nov
iff
109% May
28 3A Jan
7
22% Jan
*
..
58
39 3A
179
103
205
lit
..
*1200
'-r-
45
66
158
'
68%
V
103'A
;--Vt'-45
—
page
,
103%
,
mm
mm
see
7
42%
mm
mm
mm
y
*1200
mm
*175
68 3A
39% ;
132
V'
56%
*101%
"
111
99%
*153
179%
*68
mm
mm
—
155
179
mm
99
99%
,
-
100
3,200
113A
10%
.
#20%
68%
/.
v
:
53%' '54
*190
102
..
*63%
;
11
41
129%.
24%
29
.'■■■■■
•
61 ;
21%
19% !*21 1
600
2.100
:
21%
54
*102 Ve
205
Ill
66 i-
108
49Va
103
/
*60
19%
243/a1
50..
19% *20
68
68%
*101%
102
/
7*64
mm
T
205
*101%
mm
"mm
49
*102 Ye
203/a
4
57%
"
49 Va
68
*56
54
24%
5.400
55
8
177/8 Sep 21
TO
par
Chicago Great West RR Co..a—50
5% preferred
:
50*
Chic Milw St PI P vtc w 1_.No par
/
Series A preferred w i
—100
5.700
3034
24%
54
*56y«
51'
*39%
Xl28y4
;
31
30%
22
-
,
*30'%
60%
10%
10 3/4
41
129%
*233A
103
68:
mom
*106%. 108
-/ *98% 100
127
68%
56%
60
*21%
19%
;
'
mm
65
193/a
41%
40%
mm
,,
21%
19%
19%
593A
21%
59
22
—
.
56%
58
59%
59
mm
-
e
...
30% ■30%
30%
30%
30 y4
mm
—
mm
31
<56
Copper
Class
30.700
68%
26 %
69%
26 Va
1
2.100
253A
;
:
Nov
74% Jan
common—1
Checker Cab Mlg
Chesapeake Corp of Va..
Chesapeake & Ohio Ry
Chic 8c East 111 RR Co
700
300
25'A
mm
Corp
Champion Pap & Fib Co
$4.50
preferred —
15.900
29%
mm
1U3A
,i
57%
103A
102
'
77»/a"79%
19%
19%
57 JA
263/a
mm
t
'205
•101
77%
19%
57%
30'A
69%
*190
19%
57 Va
10%
20 %
*67
19%
573/a
180
'»
..-r
52'/a Nov 10
L.... 1
Chain Belt Co
1.300
'
57»/a
.
No
6% prior preferred
;
•
112 /
25%
^
mm
103'
20
*75
48%
*110%
29%
48y4
48 Y*
*102 Ye
112
mm
mm
mm
40 y2
-
77
48
47%
*110V2
mm
mm
130
54 %
24%
65
:
19%
11V4
"
129%
533/4
•111'
*74%
19%
57 y»
mm
22
'
10
40
76
19 Vz
76
46 Yz
47%
112
mm
593/4
<
*21 Va
473A
*110V2
57%
58
*19%
323/4
mm
30 3A
30'A.
*32%
6,200
20 200
mm
72%
30%
200
*108%
32 3A
112
Z
Century Ribbon Mills—
Cerro de Pasco Copper
Certain-teed Products—
1.900
1
mm
69
r30%
180
32%
108 %
mm
mm
45
72 y*
108'/a
32 3/4,
108%
*32%
mm
30
68%
15
33%
mm
mm
mm
mm
2 6'%
44%
431/4
14%
108%
108%
mm
10%
22 3/4
10 Va
26%
'42%
108%
573A
*22%
42%
^32 y2
77%
193A
10%
}
233A
}
243A
14%
110
48%
Jan
"/•
10'A Jan
Central 111 Lt 4 % % preferred—100 '
tCent RR of New Jersey—
,—100 '
Central Vloleta Sugar Co
:
40
23%
42%
;
•
6.000
115
32'A
48
46 Va
8
-
Oct
y 53
oct
i2% July
120
Ceiotex Corp
No par "
5% preferred
20
Central Agulrre Assoc
-No par
Central Foundry Co
1
Central Hudson G & E Corp .No par
4.700
113/8
11%
113/4
*113
16 V*
*110%
,
Co—
Participating
7%
3.600
343A
mm
Apr
24
'
123/4 Mar 27
—
260
-
193/a
£%
li%
115
71
i
15 3A
48
Mfg__,
i
,
5
fCase (J I) Co
—25
Preferred
!—100
2.600
Caterpillar Tractor
No por
11.900
Celanese Corp of Amer.——No par
100
$4.75 1st preferred
,No par
34'A
112
par
5.6OO
16%
48
88%
Oct
66
Dec
-
49% Jan
—100
No par
No par
Adding Mach
Terminal—...—.
preferred
290
f...
108 Va
19%
11%
161
575/s
153%
191/s
yyy
435/a
y.
34%
*110%
Sep
Aug 10
39% Nov
2
4Va% preferred
Carriers & General Corp
300
3.900
•
16%
33
Dec
55 V4
106
-
•
25
Forge
Carrier
6.800
'
'
34%
33
98
?
/
16
Jan
Carpenter
500
r
8
•107V4
151
50
!
73
70
57%
108
19%
*113
114
114
71
553/4
108
19%
12
11%
12%
113%
70
161
24%
20%
253A
8 3A
20%
25%
Jun
18
45
No
:
$3 preferred A—
Carolina Clinch & Ohio
280
.
293/4
f
423A
433A
153 y
19%
20
52%
Oct
23% Jan
•
Co—
Canadian Pacific Ry
200
56
7%
161
109 Ye<".
153
19%
20 %
70
55 3A
54%
*107'A
153
25%
11%
x683A
109%
153
19%
159%
71
'107 Yt
.150%
19%
43%
161 Yz
56
54%
*107%
113%
43
*160
44
43%
44
160
Jan
Dec
20
29% Nov
Jan
Cannon Mills
Capital/Administration
1.200
/
1331/2
73
7%
160
45
22%
109Z
40V4 Mar 27
'
*»ar
54.25, preferred -—a..——No par
Canada Southern Ry Co
100
..
88.300
29%
73 y2
90
.
70'A
45
283A
...
,4163/4
45
73%
73/4
43%
' ;y,':
18
133%
-
29%
8
19% Nov
10 3/4 Mar 27
f Campbell W & C Fdy_.——No par
2.50O ; Canada Dry Ginger Ale common__5
60
55%
<v
73%
8
Jun
Jan
9-
21
—
A-.
70 %
>17%
133
45
433/4
■m
29 %
8
12%
16
37% Mar 27
.
Callahan Zinc-Lead
a
1
Calumet & Hecia Cons Copper——5
44.200
50%
,%
I
173/4
73%
8
14% Mar
93 % Mar
5
No par
No par
California Packing
5% preferred
1,200
.
125 a
.
163/4
70
,
*17%
133
43,%
$24*
50%
69
56
*55%
*132
No
Byron Jackson Co
-
33/a
437/a
65%
56
38%
*533/4.
•y 431/2
126
.50
45
19
5
106
Byers Co
-
400
43aA
18
*124 %
132%
30 Va
433/4
67 Ye
56
Dec
3
—1100
Wheel.'
Butte
2.900
•
230
30%
33/8
•
10,100
22%
101
433A
63
132%
15
19
47.- Jan
2,900
16 Ye
*43
5%
5%
22 3A
100
31V2
15%
132
132
...
313'«
16 Ye
*17%
4,200
31%
50%
56
*55%
31/4
2434
110Va
;
31%
15%
63
Jan
Dec
16
5'A Apr
5
% Jan 54
Bush Term BJdg 1% preferred—100
.Butler, Bros common—
—10
4%% preferred—T
100
24,200
*50 %
17%
17%
73A
Feb
preferred—.—
Burlington Mills
4% preferred
206
-
81/2
50%
*61
Aug
7
8
173/4 Mar
15
Bullard Co.—
Bulova Watch Co. Inc...
50
8%
16y8
*50
5%
■
'
8%
123%
*122
Oct
25 %
14
>4 -42
,
..2.50
Burroughs
32
43 Ye
43%
51%
Jan
')
..—.5
Bush
6%
&»A
123 Va
124
Feb
16 Va
2
*
13.300
80
*109
22%
99°/4
3
31%
37%
13
Va Jan
36% Apr
par
10.300
>
9b
24%
24%
110%
5%
100
30%
54
24 V2
*108
173A
79
80%
22%
213/4
100
38%
38"%
38%
24%
1101/2
5%
22
30%
31
24%
100
4
Nov
32
130
29% Nov
247/s July 20
114
Jain
3
_la
5
July
66% Julv
Feb
27
33 % Apr
20 y4
Jan
56 %. Jan
1153/a
52% Apr
par
' Buffalo
2,100
.
11%
,
9o
30%
../ Budd
700
111 Va
17%
10%
~
■
.
80%
*108
5%
21%
99
95
*79%
110
5%
5%
95
24%
*108
23
*53%
*109%
17%
11
8OV4
100
*30
111
17%
1U"/B
91%
5%
23
*109%
17%
1.1'/a
81
110
*99%
111
-/a
18 Va
91%
24%
24%
*108
32 3/4
•
*109%
113
79%
79%
323/a
32%
.
17%
92
*90
331%
32 Va
Xvi
li.
18'A
10%
34
33%
3b
*
•_
$5 preferred
34,600
•
Corp
.Budd (EG)
2,400
36
33%
32 Va
33%
153%
1
7
69 JA Oct
95
,100
preferred
1%
940
.
21%
33
9
Nov
/ 29 % Jun
.
/
Dec
Jan
70 % Oct
-
•
49
Dec
20%
56 %
•
53 3A Nov
10
24
.*17 % Apr
v
Jan
49%
; y 3:7% Oct
1113/4 Jun
18% Jan 23
par
17
t per share
Jan
20 Ve Nov
XIO8V2 Mar 26-
—5
Brown Shoe Co.
16,500
■
20%
35%
Co
,
33%
5
97% Nov
"T 155-
20!A Jan.26 '
„5 '
—100
No
Bucyru«-Erie
'
20
35
35%
'
No par
Bruns-Balke-Collender...
1,600
*127
17%
951/4
32
j
Brooklyn Union Gas
100
39%
173/4
18%
*33
2
*
par
No
3%%
3.900
69
•
39V2
173/a
95%
Va
13Va Jan
No
Brlggs & Stratton__
Bristol-Myers
Co__
___
39%
39%
17%
173/4
•127V4 128
18
19%
■':
Manufacturing^,..-.No
Brtggj
5,900
.
95%
*33
■
2
Inc
:
Brewing Corp. of America
-Bridgeport Brass Co—.•
700
76%
116 Va
38 Va
127%
*127
16V8
34%
*65%
2
Jan
Branlff Airways
<
72
50%
76%
35%
66
11.700
52%
*115
34%
*62
26*74
17
56 Va
77%
Jan
23
Boston & Maine RR (assented).100
Bower Roller BearlDg Co
!
_5
y 100
;
27V8
16%
115
48
:
Borg-Warner
4.200
\
26%
51%
56%
*55%
*77
*110%
—No por
No par
4,700
*57
28
*63
2
2
d
8
•57
*
Jan
Jan
Co
Class B
Aug 22
65
127
V
•
44%
52%
r
200
32% Nov
Highest
share
per
14
/ / 25 % Nov
100
8
7
50 Va Jun*
22 % Aug 31
17
28% Nov
,
"
par
,
4.600 ; s Bond Stores Inc common
300
5
4%% preferred
4.—
4,600
Borden Co (The)
V
*1
188
44%
-No
-
share
Nov',
63
.
5
l
(Del)
Airplane
July
per
•
*
"175
22
54
Boha Aluminum & Biass—L—5
Bon Am\ Co class A_—_No par
;
120:
,,
*
Boeing
*
19% Jan
1
—
Blumenfchal 8i Co preferred
22.106
6
__I
Bliss & Laughlin InC
.Bloomlngdale Brothers,/
7Q
26%
65
26
*
66%
Foods
Blaw-Knox
300
110
47% Jan
t
Year 1944
.
Lowest
/ Highest i'
«
$ per ,share
par
No
1% preferred.
Blgelow-Sanf Carp Inc
i-Black & Decker Mfg Ca
1,000':.
.
»
'109%
■
/
4
0
Bethlehem Steel
6.600
34"%
Aviation
v
*68%
110
Lowest
Pr Pfd $2.50 dlv series '38.No par
Beat
-
"66 Va
Range for Previous
Range Since January 1
\ rj''■
'S,/ /
Best ft Co—•
•»
154% V1543A yy -.,500
154% •/.,
STOCK
Beneliclal Indus Loan
•
4.400
.
28%
*34%
y
1.600
...
.19%
28%
Bendix
-
32
19%"
*28%
243/4
.96
69 :
4.300
31%
24%
YORK
EXCHANGE
par
3,200
31%
NEW
/
%
24%
'
69
$ per share
58
31%
y 24-*-■•••
//.A,;
the Week
...AShares
28
&&
*56
Sales for
.
T.v
;■
60%
■>2&Ve
57 Va
31%
155
155
•'»
-
31%'
V 19%
*56
95%
'
155
v
"68
*56
60%
*
' Z; Nov. 16
.
■$ per share
28%
27%
31»/a
25
v,
6L
60%
.
/.Friday
J
Nov. 15
•
t per share
61%
•56:
24 Va
STOCKS
Thursday. .i,
.'Nov.-i* ::
t per share
28
Va
RECORD
PRICES
Wednesday
Nov. 13
<
y:6i%/;.6i%y
t 21%
BALE
Tuesday
.
Kof.12
-
HIGH
.
Monday
.K«r. l(l>
AND
■*
25%
Jan
.
J
Apr
47%'^oC 16
9 V JL09% Feb
115 / Jan
15% Oct 24 ■'
38
Sep
116
Dec
-
•
,r>
.
FINANCIAL CHRONICLE
THE COMMERCIAL &
2404
STOCKS
v
LOW
Nnl »y
■»*ar4*y > >
Nov. it
Nov. 10
-
I
Nov. 18
>
$ per
share
38%
34%
38%
46
-
•45 y4
35
32%
33
46%
38
v
2%
3%
123% 124
35%
37%
41%
37%
37%
41 Va
43%
52
52
52
47%
47
47%
24%
J
'
13%
Xl3%
13%
13%
13'/4
42%
41
41%
41V2
41%
24%"
24
24%
24%
29%
29%
29%
29%
25'A
23%
24
23%
24%
24
27%
28%
28%
30%
28'/a
113%
114
114
280
39%
40
2.900
12%
107J/2
46%
47%
46%
"
48%
f,
'
*110
110%
15%
16
16
57
58%
58
15%
15%
15%
40
40%
40%
40%
46%
41 Ve
23.100
40%
40%
39%
39%
40
40%
41
44%
1.400
23%
23%
23%
23%
23%
24%
25
25 Ve
25%
54
54
52 %
52 y2
53
53
*53 Ve
55%
17%
17%
16%
52%
52
20 Va
19%
17 '/a
20%
61%
,20
61 %
,;/.
34%
17
17
52%
52%
19%
19%
20
740
9.100
35%
34%
105
105
*104%
50
2.900
63
62%
63
34%
,34%
.
105
105
105
60
4.700
17
52%
^
62%
34%
35 'A
34%
•104%
104%
62
62%
62
1
35
35
104%
16%
19%
19%
62%
52%
19%
3.300
■v'.
54
*57%
17 Va
•52%
17%
52%
.
50
105
3,200
?
107
39'/a
39%
39%
39%
39%
40%
8,100
30 ye
109%
109"%
133%
47%
48%
105%
105%
32
•;
32%
22
'
22%
•145%
49%
49%
48
46
//
22%
48
151%
107
•101%
101 %
*106
21%
149 Va
Dec
24
Aug
24
Dec
4
14%
Jun
24
Dec
par
108 >/4 Jan 24
102%
Jan
112
28
*45
48%
500
23>/2
23
23%
13,900
?
160
151%
•148
152
73%
4 74
74
8>/a ?•
sv*
27
130
32%
130
*123
•
33,400
8%
' 130
;•*■
20
2,700
21%
•20%
26
26%
•112
113%
26%
113
25%
*112
*20%
21 %
600
26%
5,300
26
26%
*112
113%
26%
♦112.
113%
48%
900
26%
113%"
•;
48%
47%
48%
48%
48%
45
rj
45%
45'A "46%
46%
46
45
46
45 %
45%
9,000
38'A
38'/a
38%
38
38%
38%
38%
38%
38%
1,400
27
27%
27%
27%
27%
23
28
28%
28%
44% '
43%
45
44
44%
44'/a
46%
46%
47
48 %
*47%
13%
13%
13%
13%
13'/a
13%
24%
25
25
25
24%
25
*24%.
78
•74
78
*74
27%
:
44%
47%
y*27Va
27%
•74
27
77%
79 y4
•105'/a
78%
76 is:
7
•105% 108
45
44%
106 Va
44%
/
77%
106%
46;
26
26%
26%
27V«
26%
27%
28
87%
87%
86%
87%
86
86'/a
88%
154
154
155
•114
30%
30%
30%
154
1182% Jan
115
31
22%
23
22%
13
173%
29 VB
800
•
8,300
189
189%
126%
127%
188 y4
•115
188%
185%
128;
•127
115
.115
128
115%
20%
20%
20
95 %
96
96
x
96%
33%
32%
*115
•32
220
••64%
49
219%
196
25% Jan
37
5%
18%
106
31%
32
Lack
&
32
112
64
20 Va
143
6 y2
17%
143
6%
22%
22%
23
65
A
7
16
28
Jan
37% Nov
Nov
16
69
Jan
89% Dec
34% Jun
18
20% Jan
100
87% Jan
Aug 21
16
Mar 26
10
100
105
9
page
47 Va
20%
96%.
Nemours
'
4-4
Dec
Jan
Dec
444
29% Mar
22%
Jaii
30%
154
~5%
Aug
5
97
Apr
41
75% Oct
17
18% Jan
30% Oct
11
14%
26
7
125
6
4%
17
Oct
33% Nov
2
Sep
25% Apr
„'■ ■>: -
'yK.
9
8>/4 Oct
•
''
U% Aug
140
July
101
12
6
33
61%
Apr
4--v I
.
:
Dec
Jun
Jun
19 y4 Nov
127
114% May
21 %
Apr
28%
Nov
Dec
Jan
17%
Jan
5%
Jan
25% Nov
15
18%
Jan
21%
52
Feb
65
Oct
28%
Jun
35%
Dec
6,000
Elastic
64%.
2,500
Electric
21'A
*150
152
/
13%
Jan
17% July
8
X27%
Feb
36%
82
Nov
105
Jan
25
109
11,600
Mar
9
95
16
15%
Jan
13
$7
1.200 1
V
&
43% Jan
22 y4 Jan
2
29% Nov
Am
preferred
Electric
Storage
Battery
El
Natural
114%
Api
110% Jan
2
115
Oct
20
106%
Jan.
33% Jun
46 %
47%
2.100
22%
23%
14.400
Emerson
22'/a
22
2.900
Emerson
Radio
Endicott
Johnson
'
-'(N 75
30
4%
Electric
preferred!
&
20%
Dec
"i%
Apr
11%
Feb*
Sep
Nov
27%
July
72»/a Nov
25
27
•
12
6
Mar 21
Apr
23% Nov
Jan
9
Oct
19
192% Oct
9
32
20% Aug 24
2
125% Jan
9
129
Feb
Oct
6
117
Mar
155
20
No par
100
113
Aug
14% NOV
S 20% Dec
Jun
1
123y«
Jun
128%
Dec
6
113
Do
120%
Jan
14% July
2
10%
F«b
Nov
3
33
Apr
35% Nov
5
Nov
1
157
F< b
178
Jun
2
175
Jan
195
41
Jan
52
Dec
24%
Dec
Sep)
21% Nov
Jan 22
101
'
July 30
Jan
6
200
49
Jan
22
4 66% Oct
4 21% Jan
15
49% Nov
13
Sep 17
July 24
106% Nov
7
Jan
-414
25%
Dec
Dec
Dec
15
34% Nov
Aug 27
6%
2
110% Oct
104
.
8% May
■f
20
20
Jan
Sep
;
8y4
Dec
15%
65% «en
7
37%
Jan
21% Nov
4
16
10
Apr
45% Aug
15% Dec
7 Va May
4% Aug
16% Mty
26
12l/2 Mar
1
3
42% Jan
Mfg Co
Phonograph—
Corp
!
Jan
113
162 >/2
106
No
No
No
"131
Feb
226
„
No
>
137
170
Gfts
Paso
Sep
Dec
49
May
16
No par
;
$P preferred
600
47
18
159% Nov
shares
1.500
42
.105
21% May
15
95% Jun
4
Mar 26
65
14
Ind
;
10
122% Jan
Boat
Mus
:
Apr
46% Nov
par
Stop Nut Co
Auto-Lite (The)
Electric
38% Mar
.17% Mar 26
29% Oct
——
53%
105 y2
3
16
48
22
24
141%
*73
Nov
29% Nov
2
Jan
;
53 %
*104
7
16% Jan
j
141%
*
45% Nov
183
preferred
Dec
1
38
No
preferred
Dec
9% Mar
11
2
Edison Bros Stores Inc common.
4 'A %
37%
Sep
Jan
Eaton Manufacturing Co.———
4Va%
22% July
.
;>':■
Nov
;
Mar 20
1,100
10%
'
2
36% Oct
Aug 20
40% Jan
4
preferred
22%
75
17%
18
Co
Jun
18
47
1st pfd
Oct
45%
16
54% Nov
2.200
.
>
25
13
Ekc<v Promicra Co
.v
Apr
16% Jun
33
par
64%
:
Apr
32%
57% Jun
22
140
36%
2
Oct
41 y«
28% Nov
26
2,500
3:
16»/4
V
7% Mar 29
18% Jan
32%
Jan
Aug 21
34% Jan 19
39% Jan
106 %
21%
13% Nov
113%; Apr
22
Co
Kodak
Dec
38% Nov
inc
cum
Jun
.47% May
Stainless Steel Corp
6%
Jan
34% Aug 22
Airlines
Eastman
ey4
13%
109%
8
21% Nov
26% Nov 16
Jun 15
113
2
49% Nov
3%
U
3% Jan
19% Oct
109
-Jan
9
103
Jan
3% Nov
31
154% Nov
Nov
145
55 V4 NOV
8
34 y4 Mar 21
48% Oct
15
29 V2 Jan
18
6%
Oct
5% July
81%
114
Dec
Apr
103%
Dec
39%
Apr
47% July
27%
r
Apr
78
7
43 y2 Aug
Jan
Feb
34% Nov
15
Sep
22%
Dec
20 y4 Mar 27
25
Mar
fi
Mar 26
79
Nov
2
57%
Jan
L 68%
Dec
20
107
Feb
26
101 %
Jan
108 y2
Jun
21 y2 Aug
62
103
*
Sep
20
■
..4V"'-
;-h--
7% Nov
39% Mar 29
E&oiern
112
20%
53%
105%
13
Jan
9
44;;,
■f®
Dec
109% Nov
16
Eastern
48
-
Dec
Jan
5% Aug 20
118
144
'■.
19
59% Jan
800
22%
*72
Oct
22%
8
5,400
47%
*104
24% Oct
16 JA Jan
(EI) & Co
preferred
Light 6%
Eagle-Plcher
5,300
'
105
■"?V
de
P
Elec
105
Feb
Jan
13
—-5
Electric Power & Light
47%
105
11%
712
29
6
1
69,900
48
2411.
4
122 % Apr
No par
52.900
142
•104
see
19 y8
16
48% Nov
10
■12% Jan
International
63/4
:
Nov
51
Sep
108% Jan
Jan
103% Sep
No par
10(1
—No par
Corp_
18%
•22
7
102
1
1
48%
:
32%
152%
22 %
5oya Nov
2
July
28
50c
6 Ms
142
22%
13
Mar 26
105
No par
18%
■75
9
Sep
X150
31
29% Apr
•
No par
6%
152
22%
Nov
100
common—No
Co
18%
53%
21%
22% Nov
29%
r:
100
2
—
6%
*72
109
'
25
Ltd
is y8
141
22%
.
106%
21 Va
153
23
Du
3,100
20
10%
52%
75%
/
32%
*110
153
..
DupJan
1,500
64
52^4
49%
2
25
Industries
Dunhill
1,000
197
64
112
141
.
.
48%
53%
22%
1,500
29%
32 y4
10%
v
22% Dec
.//
16
12.50
preferred series A
$4
Dresser
22
20%
•/
143%
22%
1,800
114%
64
'i-
Feb
No par
Chemical
$4.50
10%
6%
15 y2
July
Oct
new
common
Duquesne
63%
18
Aug
7
25%
NOV
10
Aircraft
nouelss
Dow
100
10%
6%
Dec
> 39
Nov
60
A
500
64%
17
Class
115
106%
:•/' 32
20%
32
Feb
112
No
Doehler-Jarvis Corp
Dome Mines Ltd
128
106%
20%
Jan
27%
123
2
1
preferred
.3,700
187
10
20 %
Jan
16%
7
Oct 26
preferred
Cup Co
2,900
.
30%
186
48
154%
*72
31,700
63%
'
47%
23
footnotes
7
19
28%
87
219% 220
53%
75%
For
20%
,
20
14
;
Oct 23
35% Jan
& S W RR Co__100
Corp-Seagr's
Dixie
4,100
*195
153%
-
48
•73
64%
,
46%
19
Nov
55
' 6
,
10
Jun
116
8
Match
partlc
5 ft
2,600
27%
.195%
142%
.
54%
47%
10%
U
•110"
*64
Nov
41
f
107
Western
&
Raynolds
*127%
32%
*110
10
6%
18%
•53%
105
•105%
33
112
20
154
*
106%
32%
•110
65%
154
<
64%
47%
Jan
Aug
30% Nov
2
20% Jan 22
5
Deisel-Wemmer-Gilbert
270
54
29%
198
47%
Jan
28% Mar 26
5
27% Jun
32% Oct
107
J/a Aug 22
24
Delaware & Hudson—100
114%
220
64
Feb
99
par
»,No par
-———.,..^.20
Deere & Co
Preferred
100
Vb
159%
20%^
*195
64%
10%
-
'
v
49%
i•105 %
33%
65
•195
198
80
•114
96
•218
221%
48
112
10 %
219%
„
5
•H CO £
75
28%
128
32
64%
105% .105%
33 y4
32
31%
20%
1
29
86
186 %
95%
Oct
41
31
157
115%
20%:
5
30
*21%
96%
-
19%
95
197
49
•110
;
32 Va
220
198%
65 y8
220
•197
19%
20%
115%
7y4 July
Jan
Oct
26%
29%
*115
Jan
1%
Jan
22
*127%
5
15
26
*53
156%
185%
165%
128
184% July
7
5% Nov
67
46
87
22
Apr
10% Nov
Detroit Hillsdale
78
108
.29%
*23
1964 Nov
Jan
-30%
28'/a
4
21
31
22%
Oct
2
Detroit Edison—^.—>.—..—20
115
31%
•28
—
61%
,
.2
10,500
31
22%
29%
July
Jan
30,900
•114
30%
22%
29%
52
3% Jan
6
14%
45%
26%
156%
155
*114
114%
29%
-
v
153%
114%
•114
11
^\pr
25%
*106%
45 //
26%
37% Oct
14
54
26%
Jan
Delaware
*74
108
*53.
54
26%
44%
—-
pfd
4,700
53
15
52%
(The)
Dayton Pow & Lt 4%4t
Decca Records Ino
78%
54%
64% Oct
13% July
25% July
57
Dec
D
Davega Stores Corp
Davison Chemical Corp
Distil
27
Jan
Jan
Mar
--
Diamond T Motor Car Co
54 %
15%
i
Dec
5
No par
700
26%
47
12
15
pfd
Inc
4,600
27 Va
13
28
22% Jan
Oct
A—-.;——1
Cushman's Sons Inc 7 %
47%
53%
,
17% Sep
53% Jun
9
30
:
■
29%
27
2
16
Dec
19 % July
48
Feb
Oct
h
79
53%
Dec
49%
12 y4 Aug
52% Mar 27
-100
27%
44%
3iya
71
preferred—100
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
.—No par
$7 preferred
—
No par
Prior preferred-—.—No par
Curtiss* Wright
——
—1
47%
78
Apr
16% Aug
2
27%
•106%
>'
24%
38y«
10%
25% Jan
47%
45
16
8
3fl
27%
78%
44% Nov
106
-
*46%
106%
43%
Jan
49% Jan
'
>
Dec
33 Va
16
—100
Diamond
..
9 V*
Sep
55% Nov
29
1,300
27
Jan
25% Nov
145% Jan
44%
47'A
Jun
5%
26%
2
Sugar———
44%
44%
41%
7
2
100
45
26%
Jun
13% Mar
16
6
—
Devoe
47
10
5
No par
4,800
47%
.44%
Dec
No par
28
44%
43%
Nov
Mar
16% Nov
30
:
27%
44%
Feb
May
Jan
16
No par
27%
27%
•46%
:
s
59% Oct
10
47% Feb
12V2 Jan
25
4% %' preferred
-
1
Jun
'.No
—
Cutler-Hammer
32%
19
10
41'/a Nov
78% Jan
2
29% July 27
29% Jan. 2
-100
(The) ^—^.2
preferred
Class
Jan
46
Sep
29%
Nov 14
16% NOV
6
3
25
:
25%
78
27%
27
■
14%
13 y4
27%
27%
x44%
44%
o*46%
78"
27
27%
10% Apr
Feb
'■$$'
21
20%
20%
19%
25%
Oct
58 »A Jan
Cuneo: Press Inc—
5,700
v
33
32%
*32%
32%
--
460
28 Va
27%
28
•125
27'/a
27
32
-
50
110
37% Jan
7%
101% Aug
4% %
106%
48%
8
8y8
*125
33%
32%
600
48%
*106
107
73%
74
8
2
106% July 18
.20
20
25
Cttdfth? Packing Co
<700
102
48'/a
49%
5,300
*48
„
Jan
12
16
preferred
RR 6%
7%
145 '/2
1.49%
149'/2
74
125
27 y#
125
21%
•74
18%
15
;2
No par
Cuban-American
101%
22%
22%
22%
7,300
102
A
49%
•45
21%
•
:
4
Dec
25
•
.100
Arner
preferred
•6%
Cuba
50%
4
13% July
Oct
Nov
20
Corp
of
2,120
50
-
*45
.
Crucible Steel
1,200
109
6
30% Oct
10
preferred-,:—
$4 2nd
Tr
32% f i
49%
*47%
49%
5,200
i.
31%
*
49%
101%
107
49
108
108
107%
c
200
123
123
'i' 48 »/2
14'A Mar
26% Jun
i——1
5
$4.20 preferred
310
110% 111
r
30 V4 Nov
31
_5
(The)
Zelierbach
48 y4
Oct
17% Aug 21
18% Jan 20
—
Crown
'
32%
common
4,800
*145%
•47%
•106
-
Co
30
49%
49%
8»A
8
28
•'
Jan
1
1
;>• 28%
21%
74%
•73%
125
27
7%
Corp
29
21%
150
150
•
8%
38%
Jan
-—
28%
21%
23%
22%
75
-44%
16%
No par
Cork A Seal—;
48%
:
13
Refining
Crown
21%
.48%
Crane
." 'T /
•
38% Nov
Co
—
1,600
32%
107
Preferred
52
Kit
,
Trust
51
30%
48%
•106
26%
27% July 27
Del—;
of
52
32%
101 %
48
107
106
50%
101%
'
102
48
•106
•111
Jan
—...
•51%
•145%
491/2
•20%
2%
•
30%
•145%
32%
2
25
Inc
Crosley Corp
22%
21%
27%
6% Feb
—No par
3% %
preferred
Cream of Wheat Corp
32
31%
*122
19
of America
1,200
122 M
Jun
4% Sep
$4.50 pfd—No
1,000
111
Oct
S%
•1% July
25a/4
25% Jan
31
47%
103%
Feb'
pfd—-———No par
Cuba 6% pffJ
100
36%
122
Jan
■-
32%
31
109
Feb
21%
102%
20 Va
35%
,
•3%
16
Jan
35%
48'A
16
Jan
31%
122
Nov
2
11%
35%
47»/a
107 Va
106
•
•121%
48%
48%
7
34% Nov
109 % May 23
3% Mar 23
24
31
109
109
109%
109
•120'A
130
Dec
15
107
28%
3'i
28
35%
52
Jan
Oct
31
28 %
20%
Jun
107
52
••
7
45
Products
Corn
40%
29%
Nov
2
24% Jan
Corning Glass Works common
5
3% %
preferred
—.100
39%
54'
Dec
50
4;i
Dec
2!)V4
26
Internat
28%
2(;
Jan
3
Bank
Exch
Corn
Coty
52%
Feb
27.%
;06
Corp„——No par
Cooper-Bessemer Corp
—No par
$3 prior preferred
No par
Copperweld Steel Co—,
—5
Conv pref 5%
series——50
Cornell-Dubtlier Electric Corp—— 1
14,000
30%
8 y4
1
29% Jan
Continental Steel
5%
53%
25 % Nov
8
7
Motors.
5%
'53%
•'
Dec
Nov
24
Oil
5%
:
9i %
17 y4 Jan
$3.75 preferred
Diamond Fibre
5%
300
1 Va July
,
31% Jan
Can
Continental
5%
107
Jan
Feb
44,
■
9
5%
*106%
24%
Apr
39% Oct
106% Nov
5%
107
13
48
12
93% July 30
5 Va
30%
34% Nov
■
%
Sep
Inc—
•35
2
Jan
14%
11% July 19
$5.50 preferred
Coty
107
Jan '
Jan
79
26% Mar 31
.
"
60
•106%* 107
28%
22
10
7
3,500
37 %
8
Jun
13
Nov
124
24
Jan
8
4% Nov
2.
\l Jan
80
16
10%
•36V2
75,
W%
20% Nov
15% Aug 31
23
69%
36«A
•150
13
Nov
195%
31%
22%
113% Nov
Feb
68%
3iy8
47
13
40
195%
•35'/a
•101
Nov
13% Nov
69%
31%
•120
Jun
113
115
194%
10%
107
31%
Dec
43%
5
39%
39
u
•
Deo
49%
6
5%
5%
23
Jan
,8y4 Jan
68%
■
Feb
26% Apr
194%
10%
10%
93
20
10%
69%
196
Feb
1
Pow
lO'/a
68%
-196
196
70
1
Dec
5V4 Mar
—5
Corp
10%
69%
69
196
10%
97 %
3% Nov
—15
Container
10%
69
195
69
Jan
Continental Baking Co——No par
10%
;
•190%
76
•
Jan
Gas
Continental
41
15
No par
Continental
39%
13
Nov
Jan
Continental Insurance—
40%
->>■■.
Nov
110
Apr
1
2.500
15%
11
2
37%
No par
Y__
28.200
58
15%
^
Corp
N
16%
57%
15%
2
39 Va
No par
No par
5
58%
16
58
4y«.Jan
16%
Continental
15%
;
7
No par
3.000
15%
Dec
2
.No par
Consumers
200
10.500
of
35 %
13
Industries
conv
RR
Jan
53% Sep
Consolidation Coal Co—
400
16%
110%
*110
15%
13.400
13%
•lOGVa
39%
-
•54
■:
47%
30%
106%
•106%
$125
25%
52% Nov
Natural
113%
13
12%
:
of
Edison
Consoi
14
45% NOV
Vulvee Aircraft—
11.200
Nov
2
Consolidated
9.8C0
.
50
15
Consolidated
1.100
30%
25%-
Mar 27
4
Jan
2.500
57%
•52%
1
13
-
^
Dec
Dec
39
1.700
*
25%
31
39%
:
35%
4
Dec
47% Jan 24
No par
preferred
Film
Jan
31
$2 partlc preferred—
Consoi Laundries Corp
14.300
13%
42
>:
$5
Consoi
26 V4
1
17.900
•'
38%
38
114
39%
110
110
109%
113%
107%
46%
47
46'A
109%
i4
39%
12%
*106'/a
16%
22%
4
114
38%
39%
13%
16
•40
*
5%
24%
29%
24%
X29%
106%
58
39
;
5% .?■
5%
^
13%
41%
38
Consoi
8.800
14
17
25
—No par
Cuiibol Ooppermmes
'2.000
'
50 Va Nov
Dec
—100
Consolidated Cigar
26,700
34%
108
107%
15%
16
•:
38
12%
46
15%
■
37%
5%
33%
Mar 26
41% Oct
Edison Co
43.800
7
6%
33%
108
106%
109%
57%
■
33%
107%
5%
5%
27%
108'/a
45%
6%
-
33%
37%
39%
13%
109%
6%
46% '5 46%
27%
29%
Z 30
10
Congoleum-Nairn Inc
1.500
34%
46%
6%
107%
5%
113%
39%
•106
,
Jan
& Southern__No par
Commonwealth
'4.900
13
No par
Conde Nast Pub Inc
48
'34%
20
107% Oct
$6 preferred series
4.400
21.000
34
•
34 Va
23%
28
„
33%
.
V 46%, Jun
13
Credit
Commonwealth
902.800
120
*47
48
33%
38%
23%
114
13
33%
107%
33%
%
118%
13.600
•
3%
46
46%
•29
25
27%
34
46%
6 Ve
119%
'
„
34
33%
6%
3%
2
27
$3.e0 preferred
Commercial Solvents
300
20
39%
Jan
No par
Pictures
preferred
$2.75
Commercial
Jan
12%
Jan
v/olumoju
5.300
47%
314 %
•112
19%
*47
49%
108
47%
11%
20
84
Columbian Carbon Co. (new)-No par
::;;^300'
19
46% Jun
-
37% Nov
preferred—
1.900
'
*
•
52
share
50% Jun
2
90V4 Jan
:
100
100
4,400
42%
per
23
31
—-No par
Elec
preferred series A—
6%
1,500
share/
per
4'
■
Highest
31
2.50
Columbia Ga# &
92.100
38
"3%
33%
47
'
share
per
25% Jan
1st
B
Class
$
share
Jan
28
Southern
<&
non-cum
30
42%
3%
118
2.800
4%
per
Lowest
28% Jan
100
preferred—100
v
4% non-cum 2nd preferred—100
Ooiumoi* br a bys Inc ci A
2.50
Colorado
1.300
37%
•51
113 '/a
210
$■ 105%
19 %
'
35
13%
24%
39
113%
33% -33%
*46
•104
105%
670
-
$
Par
540:
-
34%
41%
29%
114
10'/a
19%
3%'
122
120
■>■
114
3%
5%
13 %
24%
V
19 Ve
37%
41%
•29%
•113
34%
6'A
36%
41'/2
47%
48
33 Ve
5%
36>/4
41%
•51
20%
4'A
124
3%
107
108
*i3y#
4
46%
6%
5%
=¥
110
34%
33%
•107%
1%
109%
•49
37%
43
'52
48%
113%
}
•47
48
6%
33%
11
110
50
48%
•101
-
48
49%
105%
33%
48
35%
49%
49%
10%
105%
123'A
33%
47
49'/a
109
19%
20%
33%
49 Va
110
113
i
-
10%
47%
48>/o
;
50
109%
52
52%
20
.
49%
10%
42
43%
47%
33%
109%
105%
37%
38%
38%
•52
33%
32
11
105%
107
-
43
37
48
109
109
•105%
39
36'/a
10%
io%
109
39
36%
46'/a
46
io%
49%
48%
39
50 y«
•32
46%
•33
34%
33%
34%
share
34
Year 1944
.
^Lowest
Shares
$ per share
$ per
38
share
38
*34
.'
t'\V
Range for Previous
Range Since January 1'
'
Highest
NEW YORK STOCK
EXCHANGE
.
the Week
Nov. 16
Nov. 15
38
34%
33 v
I per
share
Sales for
Frldav
Thursday
Nov. J 4
37 %
S per
share
per
•38%
AN1» HIGH liLi rwosi
Wednesday
Tuesday
•
«*
r
l
,'•••
Monday, November 19, 1945
;
1
'.Volume
162
Number 4439
THE COMMERCIAL & FINANCIAL CHRONICLE
YORK STOCK
NEW
LOW
Saturday
Monday
Nov. 10
32% :
per
share
4,'k *
105
23/k
102
102
*101%
*103,
105%
>103
105
*
106
>104
106
'//,// 2%:
17%
81%
\
16%
92
*81%
92
16%
.17
'16%
17%
22%
64%
//;!
-%
83
*82%
16
21 %
22
22
59%
60%
16%
GO
"
8
8% :
■
8%
22 Vb
8%
22
60
8%
64%
63%
64%
64
64
32%
32
32%
31%
31%
15%
*5%
15%
15%
15%
15%
15 %
23%
24
23%
24%
24 %
23%
24
108%
*106%
,8%
*108
109%
41
40
32%
14%
/•
105
34%
W-
*61
61%
6a%
*104%
69%
109%
56%
57%
32%
*109%
32%
110
50%
I', 57
49
69%
57%
57%
32%
45
,.*41
kf- 8%
.*41%
8%
65%
65
SP 65
28%
38 <£
38
27
*26%
27
22
21%
28%
78
78%
38%
37%
27,"--".;
27
27
22%
*135
50
67%
139
49%
68%
Fidel Phen Fire Ins N
5,000
1,400
34%
41%
■
9%
152
50
68%
69
156
.
9%
19%
/
*27
9%
9%
19% i
19%
i
-
9%
10 V*
10%
19%
*73%
27%
27%
26%
21%
21%
21%
21%
77
*73%
11%
11%
77
?
11%
52%
38%
78 3/4
78%
20%
20% '20%
35%
*108 1'
111
60%
V 40
60%
20 Vb
111
61
*108
*60%
Z, 12%
61%
12%
12%
12%
*181%
183%
181%
12%
*
25
24%
12
12%
12
33%
34%
*142
142%
34
3i%
39 Va
79
79
20%
20 Vb
61-
'
39
v
:
111
61
20%
12,900
45
Jan
383A
Apr
Oct 10
35%
Jan
.60
35% NOV
16
110
Jun
Oct
10
34%
Jan
Nov
8
24%
26
42
2
6% Mar 20
11%
33
142
141%
141%
33%
33%
s
23%
■
12 :
•
,
Z
*
32
16
Nov
Jan
69
Dec
29
Dec
4
27 Va Nov
Jan
25%
Dec
10
;*'• 22% Nov
Trailer
1
14
Apr
Mar
118,
34
75
71
Nov
6% Jan
2
10 3/a NOV
4% Jan 22
f
Galr
AAaa2.No
(The) el
Inc
Co
6%
(Robert)
Gamewell
Co
34%
34
164%
165
165
34'%
164%
*163
48
48%
48 Vb
48%
48 vb
5434
.4
54%
53%
54%
52%
5%
5%
5%
159
*158 r
5%
48
48%
*130
132
*130 %
*115%
116
47%.
127
127 <:
49%
49% /
*130%
116
116%
74%
73%
128
5'/b
158
132
116
73%
73%
'■'k
158
157
x72%
-
;
128
127
34%
141'/a
V
*140%
167
*163
48%
53%
167
48 Vs
(The)
Ao
Co
>*..20
Industries Inc
Wood
4% %
preferred
conv
-
.niitii
i
Jan
// 2%
Jan
13
12%
Jan
6
293/4 Nov
5
163/a
Dec
9
22% Oct
10
15%
62%
Sep
Oct
4%
Jan
#
13 V*
Feb
;/
23%
Dec
51
Jan
58'/a
Dec
10%
Feb
16'A
Dec
4i3A
Apr
7%
Jan
7% Jan
523A Nov
Baking
preferred
$8
V
Bronze
General
7%
15
2
•xo
,
8% Jan
6
114% Jan
100
52 Ve
5%
50
159
117
117%
72%
72%
128
'
'
73%
128
128
49%
3,100
"< /
132 '
63A
1
Mills
3%%
24,200
General
43/a
Jan
11%
25
81%
16
25%
Motors Corp
172
•
140
May 31
Oct
93% July
161
Nov
.19%
V
Dec
7% July
Z 22%
Dec
Dec
124
', 29% July
Dec
155
Feb
Dec
-49% Sep
12
35
Feb
403/e
Nov
8
40
Nov
433A July
56
5 'A Nov
2%
3
160% Oct
,
24
Feb
115
Sep
128
3% Aug
Sep
,
'140
Mar
523A Aug 29
43% Aug 23
127
Aug 20
114% Oct 25
par
••■'.V,
Apr
4
4
543A
Jan
Oct
36
/
Nov
7% Dec
.
Jan
1
134% Jan
100
100
10
preferred
conv
preferred-*.———*./Vo par
65
1,300
AA
preferred
5%
30
17
3% Jan .
No par
No
common-.
Oct
Feb
Dec
Jun
66
Jan
1
28
145'/2 Oct
37% Jan 24
40
prefei red series A. No par
$6 conv
1,000
/
Dec
18%
18 Vb
'
Feb
143
37% Sep
22
153
100
par
13
13% Oct
.
f
27% Mar 20
par
No par
No
Corp
Gen Gas & Electric A_
General
'73%' Z 74%
127%: 128%
"
Foods
General
130
7
preferred
General Electric Co
117%
*116%
'
33,200
5%
158
49%
s-4/ 131'A
132
*130%
4.100
52'A
/ 51%
5%
158
•
-
50 Va
50
132
116%
:
5%
*158
7%
30
No
Cigar Inc
13
12aA Nov
22
5% July
17 V*
11
Z
183% July 30
26% Jun 15
Mar 21a.
Jan
19
Oct
bi'A Nov
22...
17'A Jan
/•
par
8
109
2
5
No par
15
80
2
160% Jan
Nov
203/4 Nov
ol
uu.il
U
/;
13
40'A Nov
2/
Jan
104% Apr 18
par /
Corp
Corp
preferred
cum
Jan
58
5
No
aJA^^*A2AA22AaA.^-.No
Class:
23
100
May 16
Oct 19
76
Z12
2
15
12% Jan 22/ Z
1
iuuoyvi uakitm—...—u
General Cable
19,400
July
2%
7
19% NOV
52% Nov
/
5
50
Amer-Investors
Gen
310
48%
7
3
10% Nov
86% Feb 18
•
_1
—50
Gayiurd Container Ccrp
5%% conv preferred
General
167
48%
Sep
16% Mar
par
No par
$3 -preferred
Gar
800
34
'
*163
;
48%
51'/a
;
5%
158
*33%'
•
Dec
44%
•116
Apr
6 /
Jan
Z: 16
.20
—
•
•;
103
14% Apr
par
1
preferred——,
Gardner-Denver
1,400
36% July
Jan
29 Va. Jan
Nov
160
17
Dec
135
Jan
;
30%
51% Nov
Jan
113
70
May
146
9
42% Mar 26
.
^.—100
Sep
17%
Jan
*
5
Jan
13%
1
G
Gabriel Co
•
Co
Jan
a'25 ;/ Jan
25
—
preferred
2,600
a 33 Vs
Dec
Jan
3,500
24
^12%
.
Dec
8% July
53%
60
24
•
11% May
General
7,300
11%
42'A
33%
/
5% May
41% Jun
tiv...
12%
24
183/8 May
24
3,000
183%
32 Vs
Aug
26% Jun
Dec
10% Jun
Dec
Jun
44
27
53
NOV
57%
109
.f
25
61
12%
33
53%
Feb
1033/4
27% Aug
>-
i0
2
$4.50 preferred
*180 %
11%
141%
270
12%
24 Vb
142%
5,500
183 %
12%
*180%
Dec
Jan
43% Aug
111
60%
1
Dec
108
Jan
17
3
300
.,
40
20'A
93
5
26
/.-.//-"t;
•
12,400
/:
81
,
•108
11%
,•
K?
53
*80
,
18
Jun
.
11%
;
Dec
10% Aug
32
Jan
3
■
40'A
183 %
'
400
1,200
77
xi y0
*52 V*
20 Va
607a
12%
; v,
,
80
/
*103
111?/
26%
21%
*73'/a
11%
52%
180 %
24%
142
76
11
52%
39%
•
2,000
33
12
34 %
243%
* 73% ,
-
24
Jan
29 % Nov
H 80 '/a Jun
.4 % %
31,900
i
Nov
24
Fnehauf
4,400
10'A
21%
27%
-
13
2,870
10%
Dec
Aug
59% Aug 20
Stores
6%
13,400
19%
•26
30'A Feb
10
.——10
19%
21%
Apr
5
22%
5
107
July 20
A 41;/ Jan
4
par
Freeport Sulphur Co-—
10
24 vb
183
34%
0.
'■i 79
78%
*108
/
u
U%
52% ; 52%
^ 38%
37
*76%
.203-8
.
76/
21%
-No
F'k'n Simon & Co Inc 1%
67%
'
17
Jan
r105
Apr
17
16
2,100
152
/••* -8%'
' -26
v2&
21%
23'A Jan
Z
par
No par
pfd
100
19%
•
par
prior preferred
-Francisco Sugar Co
10'A
19%
27%
>
:*73%
/■■•;/
11%
52%
•
9%
19%
•;
9%
9%
10
9%
19%
28
21%
9%
9%
*
19 %
63'A Oct
2
Corp__:
preferrtd
conv
Fair
;
9%
10
42% Jan
1-No
Jan
70% Nov
par
3,000
22
66%
17%
47% Jan
40
150%
Jan
15% Jan
26%
•
143/b
•;
,1
2,400
68%
Dec
Jan
10
39%
48
155
Dec
Jan
100
38%
139
66
44%
47 '/a
Jan
9%
Inc—
5Ve
Food
48
Dec
110% Mar
2
26
Food
*135
Jan
53% Mar 26
105% Apr
No par
Steel
0%
Machinery Corp
Foster-Wheeler Corp—
340
1,300
22
k 50
No
com
Co.-
Jan
58% Mar
3,100
49
150
.
(The)
Dec
"
66
139
.
x48%
Co
Stove
Follansbee
29
22
*135
50%
154%
69%
157
r
21%
21%:>
10
Florsheim Shoe ciass A
79%
-
27
34% Nov
25
preferred
500
6,100
*26%
38%
•25%
$4
28%
79
38
:
107% Apr
Jan
Nn
Florence
79
78%
22
103
7,21% July 24
100
Stores
Dec
'
100
Y
400
9%
65%
28%
■
42
9%
;
65%
"27%
60
50%
National
17%
47%
100
3
preferred
Flintkote
13,700
/
112
50%
41%
65
35%
34%
•111
/
50
First
/
;
8
47% NOV
Firestone Tire & Rubber
200
57 V*
112
14% Nov
23
Oct
Apr
14%
8
22
28 V* Jan
1
1,000
4% %
32 % Nov
5
9% Jan
par
Corp
69%
6a
23'A Jan
par
13 Va
33%
2
No
preferred
conv
Enamel
Oct
42
Dec
84 % Aug
,
213A
17
2
,
Jan
./;
25
110% Oct
Mar 28
k 25% Jan
,_5
Oct
5
No
Stores
61%
56%
* \
*135 r 139
50%
68%
153
152%
r
21%
t \ 139 ■>,
49
38 V*
Ferro
Jan
104
No par
2
Truck
Dept
108%
// 61%
'
•
:7 4V»%
800
57%
78
28
78
180
33%
*107%
•■>•■-8%;
78
27%
105
6a %
41%
6
27%
27%
*135
•
61%
•48
65
77%
22 f
8%
Federated
*109%
65
38%
.
.
$6 preferred
Federal Motor
108%
41%
•41
25
Federal-Mogul Corp
33%
50
v
■
17
1,900
70
Apr
2%
7
par
Dec
9%
13
No
Co
Dec
21%
.
16% Aug 28
57%
110
*48
'41%
8%
8%
#'• 65
110
49%
64% Nov
33% Mar
b8'/2
*
V
16
4
5.300
104%
Nov
2
7.000
t 33%
'
9
2
12% Mar 26
2.100
k
Jan
25 Ve Jan
14%
n
16
Feb
6%
13
62 V Nov
42% Jan
32%
32%
24% Sep
24
■'
Dec
13/4
14
Jan
78%
13
24
46%
7
17% Nov
2
,/
46%
105
July 11
i,89Jun
27
/■
ft
14%
*
Jan
84 %
19
Jun
6
Apr
20
107%
.
33%
33%
33%
110
/
Morse
-•':(/ 45%
,
68% Jan
A 86
Jan
3/a
9%
Fajardo Sug Co of Pr Rico__
14%
61%
109%
110
*49%
p.
61%
61 %
68%
*107%
69%
Palrbanks
45%
32%
/
107
92%
14
22
Parnsworth Televis'n & Rad Corp.l
Federal Light & Traction
_15
-
105
./
110
57
"
:
#/■
?
61%
6i%
:
33
July 12
4% Nov
20% Jun
12
8.2C0
2.600
45%
•
109
May 21
12% Jan
Corp
31%
105
110
Buffet
32%
-32
#14
18 V
Sep
1
par
11 'A Jan
Federal Min & Smelt Co
14%
32%
Exchange
1.700
31%
Nov
15 % Jan
40%
45%
105 v
Dec
105
Co
40%
13%
33%
24
104
Jan
Corp
Products
40%
45%
33 k
23%
V
Jan
89
4.300
z
Dec
87
July 24
42'A Jan
Evans
Ex-Cell-O
30
47
105
■:
15%
Jan
July 16T
108
101
par
50
108%
14%
*3iy«
31%
15%
8%
106
A—100
108%
32 %
70 *
•109
1
1
64 %
31%
15%
33'A Nov
17 Va
5
Cleaner
40
40
39%
40%
64%
31%
4''
Highest
t per share
share
per
17
par
Co^
3,700
64
:
KR
4.700
9
Bldg_
Vacuum
3,500
,
No
No
No
Office
common
Pitts
Lowest
t perl share z S
share
16r> Jan
100% Jan
pref series A_
&
Year 1944
Highest
100% Sep
108%
14%
:
•
*33%
?
31%
46%
?■
•107
46%
14%
46%
*104%
-0 108
108
'
•41
*31%
'*24
64
X31
5%
Eureka
9.400
Service
preferred-A-A.*.--.
RH
Erie
62
Public
preferred
tEquiittoie
Erie
1,300;
Z
:/
23
60 %
;/v
J32%
i
] 55,800
92
15%
$b
90
/
r, A t per
$5 preferred
$5V2
kf 30.800
84
*89%
Engineers
y
100
18%
Lowest
Par
100
;
104%
3%
18 '
92
15%
22%
8,
104%
;,/•> 3
18
*89%
60%
■
-
Range lor Previous
Range Since January 1
STOCK
EXCHANGE
9.600
104
x8i
,16%
16%
60%
/
8%
:
83
92
•
*89%
22
60%
.
17%
102
*101%
-104
3% # 4 /
17%
:// 82 /•
82%
*89%
/
4%:
3%
4
// 17
•
104
32%
31%
102
105%
-
8%-
102
32%
105%
2%
I?
60%
31%
105%
,
YORK
Shares.
103%
,
81
22%
32%
$ per share
NEW
the Week
/•
105%
x
102
31%
Nov. 1G
$ per share
$ per share
33%
Sales for
Friday
Nov. 15
fii
%
103 %
STOCKS
Thursday
Nov. 14
i
RECORD
PRICES
Wednesday
Per share
31%
102V*
°1C3
BALI
/)', Nov. 13
33 >A
*102
"
$
HIGH
Tuesday
Nov. V2
t per share
/ '
AND
117'/a Nov
15
22
75% Nov
7
513A
Feb
6
1253/4
Jan
5
4%
Jan
18%
Apr
6%
Jan
b2
• .125
Jan
134
130
3
May
Mar
Mar
6
134% Nov
July
66
130%
Oct
•
20%
20%
203/4
32%
32%
32 '
■
108 %
5'/b
*140
5
6%
£3/4
>30%
30%
15%
*107
5 Vs
%
*140
.
31%
108 Va
*38
143
r
31%
'15%
15%
*107
39%
5 '
39%
20%
33
.
15%
15%
15%
*107
20%
21
4%
39%
39
140
143
;,4 7%
8
6%
31%
30
/ 30
-
20%
32
*138
28%
28%
28%
28%
28%
116%
119%
117%
118%
•118
41%
z
*34
39%
33%
33 Va
107
*105%
38%
109
*103
103%
*103
45%
45% 4 47
103
*100
37%
56%
37%
*55
6 3/4
*100
;;
v
70
1033/4
103%
61%
61%
*115
:
:«
30%
9%
6%
104
44
*56
6%
*155'
37%
6%
157%
37%
37
68%
69
68%
103%
102
61%
*113
115
31%
30%
31%
9%
9 Vb
9%
6%
6%
••.
113
31
6%
*30%
18%
18%
-
18%
' 31% -
.
18%
19
3i%";
32%
/
19%
19%
-
NOV
13
13
19 3/a
Apr
14%
Jan
19%
Nov
99
Mar 29
Oct
17
7
36 % Oct 15
74%
Sep
22%
Jan
1103/a
27 •'
Dec
443/4 Nov
19
Jan
313/«
Dec
19%
Feb
7%
Jan
preferred
No
No
No
$5 convertible preferred—No
Gotham Hosiery
No
900
62 Vb
11,700
800
113'A
31%
4,500
9'A
10%
77.900
6%
6%
8,500
—
(B F)
$5 preferred
Goodyear Tire & Vtubs
30%
28%
29%
29%
29%
*108 Va
109%
109'/a
109 Va
19%
19 Vb
19 V*
19
62 Va
59%
61%
CO'/a
34%
343s
*171%
173
*70%
*70 %
71%
*72%
73
73
34%
34%
*171%
173
*70%
71%
73'/a
72%
;
34%
173
Z
29%
29%
29%
*10Ai/4
109
42%
44%
35
♦171%
173
*70 Vb
71%
70
74
108 7a
43 V8
43%
8%
2,700
•.
Col
a—
preferred
Nor .Iron
Great
1,200
8%
8%
29%
29
29'%
*104'A
;/'
.
43%
#/.:/
8%
14,300
109 Vtt
45 Va
10,100
f,
■
86
'
;i
24%
24%
78%
78%
78:1,4
59%
60
60
•83 %.
59%
•
■
23%
24%
78%
v
/**"••
86
79
59%
25%
*77';»
'
60
*83 Va 786
*83'/a
8%
4,900
24%
80
'
25%
80
x59 Va
100
86
25 74
>"
80
60
12.400
26 Vb
59%
*35 Vs
53
57
par
102
48
par
20
105% Mar
2
183A Jan
14 Vb Jan
23
omu
No
No
21
Jun
Jan
104%
Nov
98
6
36%
Feb
51%
Dec
104V*
Jan
112 vB
15
8'/a
Jan
17'A
Jun
Oct
6% Nov
I
1%
Nov
7
Nov
•/
16
15 '
33
■i 20
37 7s
*35 Vs
37%
7*35%
38%
37%
38 74
37 Vs
38'A
33%
22%
' 22%
22%
22%
22
37
-
109
109
109
109'A
108
108
108
For
27
27%
"
*150
22%
41
,/;#
23%
41
24Vb
//
Hackensack
3,600
24%
Hall
Hamilton Watch C»
Printing
>150
.
footnotes
see
page
2411.
27%
109 Vs
*106
X26%
*150
109 Vs
♦109
107
*105%
26 Vs
*26
*150
110
Vs
107>
111%
-
111%
^ 75 *105% r107
26%--;-
-
26% -*-27%
*150"
360
; :>
.
10
1,900
4%
conv.
Co
preferred
Hanna (M A) Co $4.25
Harbison-Walk Refrac
6%
preferred
10
-No par
100
pfd_.No par
No par
100
7
Jan
15 V* May
9%
Aug
5'A July
19'A
Dec
*
16
Feb
July
-
32% Oct
109% Nov
19% Nov
16 i
-vl4%
Dec
Aug 20
653A Nov
7
25%
Jan
Nov
15
24%
Jan
30
Dec
Feb
163
Nov
2
35
175
64
104% Jan
12
28 Va Jan
24
5% Mar 26
82
Oct
18 •'
-
75
2
May 25
Oct 10
Oct
30% Nov
7
1433/4
57
"
43%
% Nov
1053/4
10
Nov
86
3%
Apr
6%
105%
Dec
V*
Dec
/
33
Jan
16
42%
Sep
30
Jun
92
43
Nov
16
2
243/4 Nov
16
103% Aug-2
111% Nov
16
110% Jan
12
27% Nov
9
6% Aug
16'A May
Jan
26
14
Feb
Dec
/ 32
;
Jun
Dec
24 V* July
Dec
Apr
Nov
67
Feb
9
30% Jun
11
16
9 % Nov
49'A
553/4
May
// 19 V8 Feb
108% Mar 13
V 45
£
17%
■
r
3
74
■'A
23
60% Nov
143A Mar 27
.
58
Jan 23
49% Jan
6
Jan
2
20% Jan
2
-33
Water
3,100
43
"
*107
✓27%
22%
37%
f
Jan
33/4
82
15'A Jan
106
Oct
22
18% Jan 12
152
Oct
6
155
Apr
2
'■
62%
Deo
50Va
*
'
*35 Vs
383s
*36
Dec
18
1613/4 Mar 16
par
v«r
54%
2
28 Vb Jan
100
Ktt_"
—
Feb
'
v.
18
No par
10"
1
Guantanamo Sugar common
—1
$5 conv preferredj.—No par
ft
40
175
18
46
Greyhound Corp (The)
4V*% preferred--—
Corp
4% May
Jan
Sep
105
Grumman Aircraft Corp
preferred
Aug
/
Jan
14% Jan
25 % Sep
—5
100
2
Oil
52
Apr
2%
13
32% Oct
3
223A Jan
Moollc
Dec
85%
12 3/8 Aug 27
2
25
$5
Dec
2sVa
Nov
115
20
Guu
:* 22%
633/4 Oct
July 27
5% Jan
Co Inc.—
Jan
9
Jan
L)
11%
45
is
Apr
Dec
Dec
Jan
18% Jan
/
12
Nov
12 % Mar 26
par
16%
90%
i
69
May 16
18
74% oct
39
1
107 % May 19
par
.
73/4 Oct
165% Jan
July 27
52% Jan
Gulf
37%
4
2
,
17
25% Feb
par >
^ 26'/a Dec
30
Oct
1
<H
12,700
60'A
Oct
39
4% Jan
Bay & West RR
Green
1,300
;;" 81
104
2
147% July 27
"
*84
85
85
6
52% Jan
33A Jan
/
Sep
25% Jan
No par
100
Preferred
Green
72 Va
13
23
96
pfd—No par
Sugar
Western
47% Nov
Jan
Dec
'
8
16
21
Ore Prop—No par
Great Northern Ry 6%
9
1043A Nov
Mar
Oct
Z 25% July
July 30
9
90
"
*104 %
8%
'
12,500
71%
•70%
1.//72
72%
3%%
110
243/a Nov
No par
City 8teel
(W T)
Grant
Great
173
*171'/a
71 %
Granite
15
No par
Grand Union Co
200
3,900
35
34%
29%
43
4,900
110
61%
34%
:
29%
:
*108%
62%
109%
3% /; 9%
9%
kkoky
29'A
/
62 Vs
29 V*
42%
:
5,800
19%
•104 V*
44% *
20
19
29 %
30%
108
500
19 Va
"
44%
32
/ 19%
109%
»
61
HX31%
.
2
Jun
1
P
M S Si
Granby Consol
Jan
4%
Nov
Mar 12
42 V2 Nov
13'/b Mar 27
3
Motors
Graham-Paige
28
100
10
4,800
103%
Co
111
8
107
1
Stock Telegraph Co
Gold &
124
27% Aug 21
105 % Nov
No par
No par
50
8
3
25% Mar 29
5
JGoebel Brewing Co
Goodrich
Dec
Nov
124
31% Nov
100
(The)
conv
2V* July
31%
Apr
Apr
28aA Nov
Goodall-Sanford Inc
■
,
20
19%
29
19%
34 3 8
32%
♦108%
30%
109%
19 %
60%
;
32
60'%
29%
*108%
2 4 •'
20
'/
9%
4% %
3%
19%
112
22
No par
No par
No par
preferred
Co
/
1% Apr
5
Nov
23
Co
Razor
Brothers
$4.50
:
7
Oct
Jun
11% Aug
107%
Jan
1.900
69%
/113
30%
6 %
i/
37%
103
61%
v
Glmbel
3
40% Nov
140
233/4
/;
Oct;
Jan
100
preferred
conv
5 % Nov
•,)
24
10
3% Jan
•
*31%
*104%
155
<
S5
Glldden
200
3..
6 8'/a
61%
£%
■
,
T/a
37%
:
103'/a
"31/
6%
2.800
56%
155
37'A
69%
113
114%
6%
157% /
vb
37%
,
.
100
56%
/
H v2
6.400
44%
103
t>78
56%
61%
103%
:103
37%
800
/
106
19
Corp—No par
A: Rubber
Tire
Safety
16
21
preferred
4»A%
13
10
13
preferred
Gillette
3
Nov
17'A Nov
123
1 /■
preferred—No par ».
Telephone Corp
20
General
7.700
104%
43%
•
3,400
1
33
13% July
No par
Gen Time Instrument
Feb
Nov
110% Sep
7
1% Jan
28% Jan
par
General Shoe Corp
4 'A %
z
9% Mar 27
Gen Steel Oast $6
General
2
k 22
100
10c
Refractories.
General
10
40 Vb
104 v/
«■.
Gen
200
24 ;
No
Railway
6%
109
23% i
37%
;
7
*155
37
X60%
40
103
3.600
J09
*108%
:'w:
44%
56%
.6%
56%
30%
■
32%
*171%
103%
■.;/ 9%
9%
#
103%
62%
a 15
6
24
103%
62
300
40
*101%
37
38 %
1,000
*105%
109
103
70
103%
117
*30 %
■'
69%
39%
37','
157%
37%
.
28'A
118%
33
23%
-45
38
56%
6%
*155 IS
38%
70%
38%
37%
28%
v
33
*108 Va
44
?
2,100
40%
23%
39%
109
60.100
117%
; v
107
*101%
47Tb
6%
157%
*155
103%v
103
*56
6%
107
107
7%
34%
.
Signal
preferred
Realty & Utilities
30 Vs
30
39%
103%
24%
>
*33
Public Service
16
106'A Feb
No par
10c
Gen
Gen
Jan
22% Jan
1
Printing Ink
1,500
70
10
par
Equip Corp—No par
Precision
General
9.800
;
139%
~
40 Vb
23%
38%
*108%
109
23%
34 Va
Gen
$4.50 series A preferred
39 Va
* 7 V*
't
;
118%
39%
39%
*105%
40%
*108%
24%
24'%
,
107
*105 V2
41%
41%
*108%
38%
*33%
41
35 %
41%
138
28
,
1.900
•4%
39
•
30%
28
llb%
4%
//
Gen Outdoor Adv common—Wo
13,600
,
7%
,
30
3,400
21 /■-"
-vt-31 V2
141
73/8
,7%
30
28%
,
5
39
■£
\
:
31%
16% 7717%'
*107# 108'/a
-i
?
108%
33
140
20%
16%
4%
5
39 Vs
118%
i--
32/
•
15%
*107
108%
k
20%
Deo
27
Apr
33%
>K-C
15 Va
•
Mar
22 V*
Dec
11%
Apr
102
15%
138
Jun
16'A July
Dec
109
Apr
21
Jan
152
;
July
Dec
THE COMMERCIAL & FINANCIAL
2406
CHRONICLE
Monday, November 19, 1945
NEW YORK STOCK RECORD
'
Mraiir
•ittrlif
■'V;•
f per
'$ per than
11%
*11%
1023/4
95
<V
•113%
136
89
29%
*33 %
.
V
115
*134
-103
'<
89
30
29%
33%
33%
35%
134%
30%
*25%
26%
29%
29%
<30
*29%
*45 A
.
47
30
.
30
30
v
*60
61
' 6
'
,
;
•
45
■
in'
>'
300 Lr.
1,600
29%
57%
Si
*45 &
29 M4
29%
56 Mb
57%
27
22%
23
60
83 >
63
26%
26%
26%
26%
*105%
106%
106%
106%
Hires Co (C E) The.
HoHand Furnace (DeH—
HoUaiider &, Sons <A>...
106
1067«**.
*105%
;
60%
27
106% 107
106%
'
>85 "
85
85
21%
20%
47
47%/
29%
29%
C%
18 >>
•84 Ma
85 ma
21%
21 Mb
21%
»7
49%
49 M*
49%
48
,
7
■
7 Mb
7
4A00
31%
32%
'
18%
19 >v
> 32%
32%
32%'
33%
28%
29%
29 Mb
30%
22,600
5%
6%
22.600
'
5%
'6
5%
6
600-
38
38
37%
39%
37%
38%
38
38
38
37%
39%
39 Ma
38 Mb
40%
70
70
69
69
69%
71%
72 V*
73
91%
91%
90%
90%
*33%
34%
*33 %
34%
33%
34
34
35
35
35
30%
30%
30%
31%
30%
31
30%
30%
30 V*
31
5,500
58%
58%
57%
57%
57%
58%
58
58 ma
60
3,300
Industrial
107
100
*106%
131
15%
■
>/ 9%
57
*108
;" 10
12%
220
57
57
no
109
10%
10%
1,900
15%
15%
16
16Mb
16 Ma
18,100
56
*108
92%
92%
184%
12%
12 Ma
12
12%
30,100
29%
29%
29 Ma
28 Mb
29%
3,600
13
13%
11%
13%
Ml%'
29%
30
29%
29%
29%
*94
98 >
92
*
*94
'
*94
98
7%
8%
7%
8%
8%
8 Ma
8%
8%
15,500
363/4
36%
36%
86%
36%
36%
36%
36 Mi
36%
41,700
*138
43%
K 116
18%
*138
140
19
43 %
>
>:
110%
149
140
43%
139
43%
113%
18%
110%
20
46 Mb
45
117
116
-
19*/*
19%
19%
18%
*108 ;;
116
138
138
\
45%.t
*138
115%
42%
> 114
19
*18%
4,900
19%
;
2,200
Mar
2J Ma Dec
47 Mb Sep
13%
Jan
21%
30% Nov
7
,
15
2
60% Jun '26
.39
Jan
2
48 Mb
42
May
Aug
2
26
102'
25
Sep 22
14
Sep 29
63
Aug>2
Sep
.13 Mb
.
Nov
Nov
13 Mb
45
»
Jun
18% Aug
Jan
63
Dec
> 47% July
Feb
14
Apr
28
19 Mb
Jan
3
109 mb July
9
66% Jan
2
85% Nov
12Ms Jan
22
21% NOV
7
7 Mb
Feb
34% Jan
20
49 Mb Nov
16
30%
Feb
Nov
7
1%
Jan
2 Ma
Jun
6
Jan
11 Ma
Dec
15
3% Jan
8
34
13 Mb July
July
22 Mb Mar
28 Ma July
Feb
16% Aug
May 19
8Mb
6% July 31
2
70 Ma July
377/b
6
Aug
32%
Nov
23%
Dec
56
Dec
1% Jan
29 Mb Jan
3
19 Ms Jan
24
47 ma Jan
72 Mb Jan
30
24
91 mb nov
10
46
Jan
77%
Dec
1000
18Mb Jan
22
38
Jun
26
8
Jan
22
Dec
No par
19% jan
2
31mbNov
13
39 Ma Jan
2
Oct
22
..No
Co
103
Sep
135
Oct
Jun
1
11 Ma Mar 26
16 Ma Nov
10
Nov
13
57
8% Jan
6
37% Jan
25
104 Mb Jan
3
17
75%
.100
...
15
100
Paper Co
preferred
Inter Rys of Cent Am
Feb
129
8Mb
Apr
6 Ma
Jan
Feb
105 Ma
Nov
104
Oct
40 Mb July
Jan
6 Mb
154%
Dec
8Mb July
10Mb July
.188
Nov
15
67 Mb
Apr
82 Ma
Dec
Apr
27
165 Ma
Jan
180 Mb
Dec
«13 Mb Nov
13
1Mb
Jan
3Ma Aug
30
Nov
7
15 Mb
Jan
18Mb Jun
95
65
Jan
93 Mb Nov
>
2
Nov
8
8Mb Nov
16
4Mb
1
25 Ma
Apr
Jan
140 Mb May 22
23
80
Jan
37 Ma Oct
2
19% Jan
26
4 6 Mb Nov
84mb Jan
26
118 Mb Nov
130
7
,
13 Ma
7
66
,
6 Ma
Dec
Jun
32Mb July
136
Oct
217/a
Dec
94
Feb
Feb
Dec
Oct
5
7%
Feb
12% Jim
115
Oct
8
68 Ma
Jan
92
Jun
3
54
Nov
1
39 Ma
Jan
47
Aug
2
45 Mb Oct
17
35 Ma
Jan
43--—Sep.*
9 Ma Mar 26
No par
12% July
Jan
16
2
,
7 Ma
29 Ma
9
187
28 m2 Jan 24
100
conv
Jan
5 Mb Jan
Sep
Aug
127/b Oct 15
Oct
6
4
Jan
NOV
165
x87
11 Ma Nov
2Mb Jan 23
*
111Mb
Dec
Feb
17
74 Ma Mar 21
178% Jan
——
Jan
9% May
231
19
Oct
42Mb July
Mar
7 1Mb
Nov
8Mb Mar 26
173 Ma Jan
20 Mb
106 Ma
109% Oct
63/a Mar 28
.No par
,Nn pat
nil
887/s
158
16
1
.
Jun
100
9
104 Mb Nov
Jan
15% Apr
35 Mb July
19
174
Feb
10 Ma
-25 Mb-Jan
109 Mb Mar 16
2
.No par
100
preferred
60
26
Feb
24
26
Jan* 2
82
20
Corp
preferred.
38% Oct. 15
42 Mb Jun
-*7fl-Apr-28
26
104% Jan
166
par
Preferred
5%
Jan
36 Mb
16
International
24,900
>f
20 Mb
16
*
16% Jan
International Mining Corp..
.1
Int Nickel of Canada
No par
/
3
63 Mb Nov- 13
21
'
533/4
*145%
44%
116%
110%
110%
53%
*44%
*138
i
115%
44%
116
"
140
30mb Nov
25% Aug
Feb
26 Me Nov
33% Nov
Int Hydro-Elec Sys class A__
_23
International Mid & Chem.^..—Jl
4%
8%
■19 Mb
26% Aug 21
14 Mb Jan
6
A.
series
———
98
*94
98
7%
36%
-
7
13
i—100
Interlake yron
690
184%
Dec
33 Mb Nov
2
25
Tnt Business Machines—.—No par
International Harvester
.No par
Preferred
100
6,100
184 Ma
184%
Juiy
125
14
100
lntercont'1 Rubber......
700
93 %
91%
184%
97
14,200
223
184%
92%
184%
*94
7,100
12%
Mb
91%
92%
184%
•
11%
12
221
223
73
Apr
30mb Nov
.—100
Interchemical
4 Ma %
Jan
■'V
26
Insuranshares Ctfs Inc
40
■
Steel
63
114
Nov
90
:
23 Mb Jun
Inspiration Cons Copper
1,700
y-
184
11%
92%
*184%
:
108
11
12%
*221
Inland
200
56
108
11M4
12
12%
221
.,
*55
56%
109
10%
10%
12
10 Ma
*9%
10 Ma
*9%
10%
57
109
V
10%
220
?22 •
92
100 Ma
57
12%
221
99%
*108
10%,
,
12%
12%
102
*9%
->
109
220
101%
13
f, 133 Ma Aug 20
19
Co
Ingersoll-Rand
6% preferred
*171
*171
103%
,
ctfs
Jun
Mar
No per
No par
No par
100
RR
Rayon
>$4.50 preferred A
600
130
130
RR See
89
134
Jan
Leased lines 4 % —
290
15%
10
•
>57
*105 M4
129%
*126
30
-
Central
Apr
Jan
10
6% preferred series A
,
107
*105%
91 Ma
*90
91%
-
103
16%
10
9%
129
*171
103%
15%
15%
107
129
*171
y 103
104
*90
91%
*106%
131%
131%
132
*171
104
107
107
107
*90
Illinois
'
Feb
75
128
_i.__100
Idaho Power Co
5.000
17,400
•1,400
Feb
Npv
11
16
Indianapolis Power 61 Lt
.38
27 Mb
Apr
July 20
138
23
55 Mb Oct
20
38
38%
75%
170
Mar
20 Ma
44
1
<71
160
42 >Jan
No par
38
Sep.
Dec
22 Ma July
Sep
17Mb Jan
No par
71
Dec
'
Jan
Hudson Motor Car
Hupp Motor Car Corp
112
63% Jan
9
2
Hud Bay Mln & Sm Ltd
37%
38%
9
ion
Hudson & Manhattan
*
S% non-cum preferred
20 Mb
16
y 115 Ma Oct
25
17 > Jan
8Ma
Mar
14
Aug
36Mb Nov
15
15
41% Jan
...
,13,900
29%
28%
'
19
*18%
18
6%
6
85%
v
"
:
30%
29
6%
7.
32%
31%
3i%; 31%
85%,
20%
48
47^-'
'
.
18%' 18%
;
:
48%
>
85
20%
>•
20%
,,7% * 7%
t 18%
38%
7'A
85
.
-21%
Feb
Feb
23 Mb Jan
.*
>
.
8
Nov
92 Mb Nov
189
15
25 > Jan
■
>
8
103
21% Aug 20
5 •
—Id
1
10
*
0
72 -
Jan
Feb
123
No pa*
18.900
23%
60%
267/b:
60%
26%
23%
60
82'
...No par
Daucn Paper Co
30mb Nov
99
Jun
July
9 Mb
Apr
2Mb Jan
14
v
8%
110
6 Ma
29
22
130
Holly Sugar CorpA....
—No par
Homestake Mining...
.—12.50
t 400Houdaille-Hershey cl A.
No par
5.300
> Common
....
.....No par
700
"
S2.2& preferred
50
2.900 '
Household Finance com
No par
220 —
.3%% preferred
—100
/ 900 Houston Light ti Power Co—No par
20,900
Houston Oil of Texas v t C——23
; 4.300'
Howe Sound CO—
—
8
-1.100
V
11 Ma Sep
10
22% Jan
.No par -1
Jan
:
16
134 Ma Nov
>
$ per share
Jan
15 mb Nov
24
•
23 Mb
22"%
60%
23%
26%
200
47
;; *45 32
47
22%
23%
60%
26 Mb
Minoe &
104%
'
Jan
71 Ma Apr / 2
170
—No par
Hershey Chocolate
800
•
26 /
56%
45
rfY
100 Mb Oct
Nov 15—.100
after
5%
101 Ma Oct. 15
10
' 54 conv preferred
Hewitt Rubber Corp..
1.400
61 Ma
26 Yh
pfd-5%
280
"
33 Me
*33 Ma
33%
29%
55%
53%
55%
,
29%
•,."'
*29
*
400 ':
'
30 M4
•25%
26
'
W).
20% jan
1—100
25
-100
preferred
non-cum
6
Mar 26
Mar 13
t per share
8
127/a Oct
.4
6
.
Highest V
41% Nov
30.
108
-
133%
61
62%
*25%
Co
Hercules Powder^...
;
•
25%
53%
54%
>
29%
62
63%
26%
47
7%
100
>
90
*
133 M4
*29 Ma
33%
X29 %
31
;> 62%
2534
33%
23 Ma
21
*87
30
30
33%
.,
Glass
preferred
> Hercules Motors..
i
900
v
.,
134%
*133
132
131%
*58 Ma
84%
115
115
•
90 a \
*87
88%
131%
1
Oct
,
9% Jan
.a
Lowest
$ per share
9
4
..15
(G
7%
9.'700
1::
3%%
Helnie
90
36%
35%
>
100
;>
93
98
-
V
Hayes Mfg Corp
130
103
186
Apr
7% Jan
25
Hecht Co.
*183:
114
134%
29%
800
29%
*90
113%
88%
Hazel-Atlas
_
-
v|
131%
-
'■>
333/4
*30 M<
31V
64
47
30
*'■:*
150
103
91
183%
35%
136
*133
23 ,800
29%
103
91
35%
114 >
114
<
11
134
29%
183%
Hayea lnaustrie& inc
10 Mb
'
*30%
54%
*45A
.>/' 181
90
> 90
131% 132
,
103
'£"■ 93
33%
..
29%
103
*88
'
136
'
132v
*62
'.29%
29%
70
133 Mb
>133% 134%:
t per share
•
>
Year 1944
Highest
X30
10
Corp of Amer Ciuus A—
1
4Ma % preferred (modified)—100
Hat
23 .700
..;
15*,8
-.
Lowest
Par
500
>
Range for Previous
Range Since January 1
STOCK
EXCHANGE
/
,
Hart, Schaffner ft Marx
1.000
r
100 Ma
157s'*
10%
-10
10
134%
■/.< 34%
34
115
131%
100 Ma
15 '/a
>181
34%
*134
100%
15 Vb
29%
181 %
*113
100%
15 mB
9%
*
*90
34%
100%
/
Shares
11M4
30%
95
*177%
41
11V*
134%
102%
;
102%
*
40 3A
11%
14%-
J35
2934
30%
*30
*102%
41
11%
10%
10
*133
135
*40%
11%
<14%
10%
10 Mb
*90
100%
14
14%
14%
*133
39%
100 %
*100
101 Ma
*100
$ per share
I per share
NEW YORK
>
the Week
16
i\u».
11%
u%.;:.
11%
stocks
Sales for
Friday
Thxrsday
W1 ;.;y ll
39%
••41/' / 41 '/*
>
•>
•
S^per share
i per share
thare
40j/2
40%
>
LOW AND HIGH SALE FRICKS
Wednesday
;
Towday
110%
*52
54
44%
45
*52
>44'"
44%
149
150
450
150
*145%
152
<'
108
107
108
44%
44
43
M*
44'A
xl49%
149 Mb
*145
*145%
150
*146
150
International
International
>
27%
27
28%
26%.
27%
27%
28 M4
27%
28%
62,300
27%
27%
27%
28%
26%"
27%
28
28 Ma
28 Mb
28 3A
33%
32 Ma
33
29%
2934
*28%
423/4
*41%
7%
5,100
33%
32
32%
31%
29%
x29%
42%
*41
32 Ma
32%
32
•28
29%
No
79
4 1Mb July
Silver
1
Foreign share ctfs
Interstate
.200
Dept Stores
No
93
Feb
135
Oct
20
Dec
Dec
7
11Mb
2
3 1Mb
7
11Mb
Jan
20 Mb Aug
17mb Jan
par
31 Mb May
2
19
Island Creek Coal
36
13
Jan
2
Intertype Corp..——..—.No par
150
Jan
2
19
18Mb Jan
No par
-
Jan
137Mb Apr
18 Mb Jan
100
No par
Feb
92
50
preferred
Mar 27
39
No par
fntern'l Telep & Teleg
*1,500
29
*28
29
Salt
International Shoe
"400
.
27%
100
par
&%preferred —
200
1,900
150
150
149
*145%
>
53
53 > •
44%
149
:
220
109
"
S3
*52%
53
Nov
146 7/b Nov
56%
117
1
May
33 Mb nov
<
Ma Jan 24
10
15
Apr
20 Mb July
30 Ma Oct
18
15
Jan
20%
29
Jan
45
July
138% Jan
144
Dec
Dec
"
*42
*152
44%
•
152
45
>
152
45
> :>
45%
135
45%
113
-
46
■
113
45%
45%
110%
110%
111 ma
*110%
143 >
142
142
143
144 Ma
144 Ma
145
-1,900
131%
132
132
131%
131%
132
133
1,400
47
47-
47
112% 1121/4
•120
*120
45%
45%
10
131%
142
*128
'
'
•150
*150
142
•110% 111%
111%
141
300
42
41%
41%
41%
42
*150
'
*110%
>
47%
113:
113%
*1201
44% * 46 >/
45%
*45
43%
100%
101%
100:
137
136
137
133
133
29
29
28
27%
Ma
v-
116
10
800
80
45%
45%
*18,M0
101 Ma
101 Ma
1,100
■134%
134%
135 Ms
137
'
-
■
3%% preferred
:
Johnson
34% Jan 22
28 Ma
28%
-
29%
2,500
28%
700
46
108
38 Ma Aug
Apr
84Ma
133 Ma Nov
25
47 Ma Nov
14
30
Nov
113 Ma NoV
14
Mb Aug 22
79
J an
107 Mb
Apr 25
>46.% Nov
9
9
Dec
80
66 Ma
Jan
93
Dec
10%
Jan
20%
Dec
24%
*55
*31
283/4
28%
29
*118%
121
121
24%
23%
58
<
*55
31%
40%
31
28%
30%
28%
45%
45%
*54
Nov
13
9
*30%
44
30%
--27%
27%
27%
45%''
45%
*31
31%
31
31
60%
*59%
61
59%
*14%
15
15
*91
93%
14%
*90%
60%
453/8
>
34%
34%
110%
*110
35
35 %
35
*16%
59%
34%
34%
16%
*15%
*47%
48%
48 %
* 48 %
*47%
48
47%
:47%
*42
42%
42
42%'
*31%
32
31%
32
*56
59
57%
t
28%
47 Mb
57%
31%
*31 Mi
3
59 M»
*59 Mb
60
15 mb
59%
*15
15%
90%
90 Ma
34%
34%
111
135%
16%
(
31
46
27%
-.
Kaofmann
300
45
30 M4
27%
'
200
Kelsey Hayes Wh'l conv cl A
3,300
B—
Class
.
Co
i
;
22
297/b Jun
18
34
Jan
22
59 Mb Jun
18
18Mb Jan
26
31 Ma Nov
237/e Jan
22
45
NOV
16
17
Jan
22 me Jan
23
32
Oct
8
20
Jan
3
18 Mb Jan
I
—
20
24
6% Jan
19%
13 Mb
5
*67
6%
7
27,700
?
<
15 Ma
90 Mb
*
(
1Mb
'
100
>300
<•
1,300
90%
35
16%
>
3 3 Ma
111
35
>
30
111
/ 35
35
*15%
34
110 Ma
34%
*110
16%
35 Ma
•:
.
2,500
>
•
50
3,000
Coppers
i
No par
Keystone Steel & Wire Co .—No par
Kennecott
Kimberly-Clark
Kinney (G R) Co
J
$5 prior preferred..
Koppers Co Inc
48
48
48
47%
47%
15
15 Ma Nov
1
Aug
9
>
6%
42
•
42
6%
1.000
Kress
1,600
Kroger Grocery ft Bak
6Mb >• 6%
8Mb
42%
42 Ms
*42
'
*30%
31%
*30%
57%
*57 Ma
"
3 1Mb
57%
60
101,006-
42s/a
31%
& Co
/:
69%
14%
15%
39%
14% V 14%
38%
38%
38%
39
11%
12%
39 Va
39 Ma
38%
11%
>39%
11%
12%
3%
11%
12 Ms
12 Mb
13
3%
3%
"3%
4%
>■'"4 >
4Mb
*\ SMb
'
47%
53%
26%
47%
3%
:
-70
47
53%
•
26%
47%
47
53%
53%
52%
26%
26%
>
26%
*68 Ma
14 Ma
70Ma
6 7 Mb
14 Ma
14 Ma
A
67%
'
14%
25,900
•,:. -1,400
13,100
35 Ma Nov
37
1,100
Lerner Stores
12%
12%
66%
66^4
66Ma
12%
12%
> 11%
12%
11%
U MB
11%
12
MbA
72
70%
69%
96%
*68 Ma
97
*96%.
97
97%
*96Mi
98%
98 v*:
98%
98Mt
99
193%
193%
193 Ma
*46
-47%
*45
58%
59
59y8
40
59%
28%
28%
40
For
*39
footnotes
see
page
2411.
40
-
193 Ma
47 Ma
63%
57%
64%
64Mb
65
58%
58
-27%
x39%
68%
99
*27%
194
*45
•
■>;'»
194
Ma
-
Jan
39
Dec
31%
Jan
'37%
Nov
x31%
Dec
„2S
par
12
32
% Nov
58
Nov
4 72
58%
58
58 Ma
28 Mb
28%
39
.Jan
Oct
22
12
Jan
4
16Mb Jun
26
24
41 Ma Oct
11
30
17 Ma Jun
18
4Mb
4Mb Nov
14
1Mb
Jan
39
*.
39
49 Mb
Jan
2 Mb Mar 26
6 Ma Jan
21
;
Dec
'Oct
Dee
8 Ma
v
12%
31%
Apr
Dec
2%
Dec
35Mb Jan
22
51 Ma Oct
17
15%
Feb
39 Mb
Dec
—1
36Ms «-*n
23
53% Nov
13
29%
Jan
•38%
Dec
...5
20% Jan
21 Ma
Jun
19Mb
Dec
"
Libbey Owens Ford Glass—No par
7
17Vb Jan
3
22*
51 Ma Jan 24
7 Mb Jan
2
*
7
18 Mb
Jan
31 Mb Nov
13
> 17 Ma
Dec
Nov
13
42
Jan
53% Aug
Apr
8 Ma July
27
Mb Nov
68
> 12
>
6%
Ma Nov 13
-
72
Oct
Jan
49%
Dec
78
Jan
2
100
Oct
3
Mb
Jan
83 Mb
Jun
78
Jan
3
101% Oct
15
67%
Jan
86 Ma
Jun
.100
181
Jan
5
195 Mb Apr
25
174 Ma
par
132
Mar 28
520
Series B
...9
——
47 Ma Mar 28
Preferred
—
—
—
,
39
30
Lily Tulip Cup Corp—
No
48
Nov
3,300
No pat
47% Jan
25'
68
Nov
Link Belt
41 ms Jan
22
597/a Nov
22'
29 Ma Nov
2
1,100
Licfuid Carbonic Corp.
t
No
par
182
32%
52
Dec
Jan
44
Dec
*
•19% Jan
Nov
'
Feb
Apr
37
10
Lion Oil Refining Co
....—No par
No pat
Co
Jan
26 Mb
36
9
1..800
68
*
10
Lima Locomotive Wks
2,300.
,:>•/■•
29-
39 Mb
Apr
38
/> 8 >' Jan
47
29 Mb Jan
-50
~
39% 1
.£
7
22
.
Apr
8
18:
„
26
-23
'200
47 Ma
67
Oct
27 Mb
Liggett ft Myers Tobacco——-23
2,000
'
66
10%
700
9 7 Mb
-
Nov
300
68 Ma
97 Mb
54 Ma Oct
(new)—No par;
Corp
Dec
> 27 Ma
Libby McNeill & Libby
Life Savers Corp
18,800
99
-
2,900
2 4 Mb Sep
"
27%
28%
>
30 M2
98
97%
26
70 Ma
96 %
70%
96 Ma
69%
95%
28 %
—
Lehn & Fink Prod Corp..;
7,200
26
par
No
31
31
66 Mb
108%
Feb
2
—50
26%
30 Mb
1 72,100
Dec
Dec
8
15
Co,.. ..10
Cements
2,400
26 Mb
;
Portland
Oct
Dec
Dec
18
7% Feb
Lehigh Valley RR.
53
31 :</
67%'
Lehigh
34%
Dec
50 Mb Oct
42Ma Nov
9
ft Navigation
53
26'A
48
Dec
9%
x49 Mb Nov
3
Rubber ft Tire
53
67%
193%
Lee
Lehigh Coal
53
30%
65
Jan
<78 Mb
3*
Jan
*
..50
53%,
67
48
42
6%
8% Apr
No
:
Lehigh Valley Coal
6% conv preferred
Lehman Corp
(The)
31%'
193
Dec
Mar
Feb
16
17% Oct
,31 Ma Jan
Preferred
4,000
68
68
Jun
37 Ma
> 24
22
35Mb Nov
Mar 26
No par
(The)
Bryant
M2 %
48
30%
48
4
47%
67%
193
> 19%
Jan
Jan
108%
Mar
.100
49
31
48
Jun
Jun
*
Dec
Aug
2 4 Mb
31 Ma
-
24
Co..
48 %
67%
67%
X26
f
13 Mb
9
Jan
No par
49
30%
192%
200
200
:>
4 Ma
67%
*69%
Lane
'
.
14%
Lambert Co
600
'
60
70
*67
Laclede Gas Lt
800
32
*57%
39
12%
20 Mb
Feb
19 Mb
.
Nov
95
112
8Mb Apr
7.
35% July 27
48 >> v/.
H)
Aug
26
48 Mb
(S
May 14
28
No par
72 Ma
107
100
-47%
8Mb Jan
Dec
Mar
32
60Mb Nov
1
;
8
4%'% preferred—
Kresge (S 8) Co.
Kresge Dept Stores
16%
14%
,
Jan
54 Ma
16
*32% Aug 17
Feb
14 Ma
39 Ms
i
29 Mb
8
Mb NoV
47
22Ma Mar 10
38% Jan
;
*15 Ma
48
47%:
!
par
.No
Corp
48 Mb
48
>■
,69%
124
Dec
117
Mar 26
29 Mb Oct
2
35 Mb Jan
124
:
6%
21% Aug
Apr
3
Jan
1
.1
Dept Stores.
Kayser
ft
16%
Jan
13
A
1
No
1,400
(Julius)
30% Sep
20
par
No
2,600
.
'
•
*110
16%
V
92
33%
111
3 1Mb
44
.
46
45V4
*31
14%-
*90%
"
34%
*110
!
of ser B
City Southern.
4% non-cum preferred
Kansas
117
100
Kan City P ft L
•
;
*14
93
*30MB
31M4
40
30 %
8,400
56 Ma
Jan
10
par
Kalamazoo Stove ft Furn
10
25%
*557/s
5 6 Ma
40
121
247/a
24%
30%
313%
45%
*31
28 Ma
*118 Ma
23 Ma
30%
*39%
28'
28%
23%
30%
39%
31%
'
121
' / 56
56
31
39%
31%
22%
»
57
30%
40%
*31%
24
29
121
*28'A
*118% 121
17%
Nov
19 Mb
Jan
;
Dec
22 Mb May
'
29Mb Jan
2
40
Nov
9
i
.
'
|
Dec
58
30 Vb May
Sep
28
13
137
34%
111 '■•/ Dec
95
May
K
28%
*118%
f
.
Dec
.Jan
101 Ma Nov
2
19% Jan
v
Sep
May
20 Mb Jan
'
91 Mb Jan
105
90
102
Mar 27
Jan
Nov
2
Sep 17
90 .Jan 10
27% Jan 24
112 Ma
Feb-
J.00
£
pref series B conv
Mfg Co
27
16
107%
2
1
8%
Joy
Nov
16
31
A_._
"•
'■ Nov
118
—100
series
17
114 Ma May 31
Jan
109
5% pref
12
Oct
145
Johnson——.—12%
&
Sep
152
12
101
Jone« &, Laughlln Steel______No par
i
Jan
109% Aug 22
4% -2nd preferred ser A—.£..100
Chicago RR stamped^.100
:
44
Aug 31
145
^Tewel Tea Co Inc—.———. No pat
4lk% preferred
.—106
Johns Manvllle Corp..
.No par
1,300
28%
29
/
Joi iet &
45 M4
100
28%
29
<-
*120
44%
100
*134
48
*113
114
1,200
100%
44%
100%
46
111 mb
*46 Ma
48 mb
*46%
*112
*120
*100
28%
46
*110%
*1
'
l
30 Mb
Dec
i
4
THE COMMERCIAL &
Number 4439
[Volume 162
FINANCIAL CHRONICLE
NEW YORK STOCK
Saturday
34%
.34%
»
$ per share
J.
$ per share
:
33%' 34%" ""•/•/33%
'
>• per
34%
33%
30%
31% ?
64
22%
22%
67%
68%
63%
68%
29%
:;;:vr31%^ 32
323/e
29 %
29%
*177
66
*34%
35
35
63
b3 %
46%
46%
47 Va
*108%
63
109%
*32
33
33
V"
23
11%
11%
12%
*23%
24%
*33
24%
34
5%
9%
18%
18
36%
*110
11%
:
31
%
if
26%
-32% >32%
31%
313/4
5%
-5%
9%
: 9%
9%
17%
17%
'-35% >37
36%
114%
*110
20
20%
191/2
20%
19'A
19%
191/4
55
54%
54%
53
53%
54
44
42% >43%
45
54%
48 V
*42
41%
41%
28% "
"28%
28%
29
•
1931/2
*188
193%
46%
46%
46
46%
X44%
109%
*108%
•108
108%
>
13%
108%
13%
*51%-
*188
"i3'%
52'%
*111
13
*111
112
48
47
47
*46%
31%
31%
*1271/2
1291/2
*41
30%
42
52
&
107%
108
47
127
127
43
-
30%
30%
30%
30%
29%
65%
65%
66%
65
67
...
29%
"*65%
48%
127
-30
-
38%
38%
39
25
25'/4
*114
115%
26%
393/a
*107
109%
*106'A
38%
24%
21
115%
26'%
26%
21%
"38%
1091/4
24
24
115%
26%
38%
IO91/4
109
23%
*115
26%
38%
*107
109%
24G/8
26%
31
26%
V'
■■■
26%
5%
27%
2034
/
*.__No par
No par
preferred
No
cum
21 'A
preferred
323/4
21
21
*105
107
*105
107
107
*104%
107
*104%
106
45%
45%
46%
47
46
46%
46%
47/
46%
47%
Melville Shoe Corp
26
26%
25'%
26
25%
25%
26
26
26
27 »/8
79%
77
30%
48%, 49
*109% 109%
'
38%
383/^
Merch & Min Trans Co
49
49 %
Mesta
79%
77
80%
*77
77
37
37%
37%
37%
37%
491/4
48'/4
48%
48'/2
48%
109%
109'A
109%
*1091/4
109%
36%
"
*1041/2 106
106 ^106
39%
-
:
*48
*109%
10%
10%
30%
30%
*48%
301/4
*47%
49
80%;
*T09%
110
5%
;
11%
11%
11%/11-3/4
Metropolitan Edison 3.90% pfd
Miami
Copper
313/a
31%
32'A:
Mid-Continent
Petroleum
48%
491/2
49%
Midland
Products
159'/4
1593/4
6 47
47
160
160
*159
70
69
70
'*68
17%
17
17%
,
"
159'%
711/2
47
; 49
159%
70
159%
70
-
69
69
19%
.
8%
'
3%
3%
3%
52%
3%
•
53%
52%
*112%
114
V 18
33/4
3%
52%
52%
18%
19%
4
20%
4%
51% ,'52
114;
110%
112
*108%
110%
*108%
110%
*108%
110%
*108%
*110%
112
*1103/4
112
*110%
112
*110%
11%
11%
11%
*119%
121%
*119%
31%
32
,
/ii% ;.:ii%
12%
121';
31%
*119%
15
15%
14%
15%
39%
39%
37%
40'/a
*48
%
/110%;I10%
*119%
x30%
30%
14%
15%
40
38%
40%
48%
47%
47*%
48
49
27
28%
28
26%
26%
26
26%
26
27
31%
31%
31%
32
31%
31%
113
113%
113%
112%
113
*112%
116
*112%
116
*1131/4
116
113%
116
*108
*112%
112
113%
*108
.
*1123/4
5-113%
*108
V
115
112
*108
*112 3/4
116
112
73%
116
Mojud
73
721%
*51%
55
*51%
73%
73
;
73%
74
38%
38%
38
33
33
38%
31%
31
*30%
38%
33%
33
39
39
38'/2
*38%
31
31
30%
39%
38%
„
-
*50%
*38%
38
313/4
30%
52
*50
No
40
39%
32
;
'
Motor
43%
433/4
44
43%
43%
433/s
16%
16%
16 3/4
16'/8
16 %
16% >16%
107
107
*38%
108
107
38%
108
*38%
109%
' 39%
*108
126
130
130 3/4
132
112%
39%
*38%
121%
124
1.12%
112%
*112%
1123/4
18%
18%
18%
18%
124
132
112%
*112%
; 18%
17%
:
16%
108
39%
'
*631/2
65
23%
65
*63%
24%
; 65
65
18%
in
t
*64
66%
23%
243/a
23%
24
23%
513/4
52
51
511/2
503/4
50%
51
291%
29%
29%
30
29%
31
30%
283/4
29%
28
29%
27
27%
27
18%
18
*631/2-66%
28,000
23%
24%
52%
53
53%
510
;
31 V
30%
31%
6,100
>
27%
27%
293/8
24
•
.
.
...
Brass
Corp
class B
18%
1836
183/4
18%
18%
18%
18%
18%
19
22%
22%
22%
23
22%
22%
23'/4
23%,
1,600
Nat Automotive Fibres Inc
National Aviation Corp—
33%'
6,900
National Biscuit Co.:
1,400
preferred—
Nat Bond & Share Corp
33
33%
27%
32%
,331/4
192 >
*188
190
27
33%
*190
* ,27 3/4
*27
195
.27%
27%
17
171/4
16%
.17%
16%
17
393%
393/4
39%
40%
39%
39%
28%
28%
28
28%
X26%
17%
18
17%
18%
17%
37
37%
36%
36»/2
36% >37%
36%
12
67%
69
65
53
53
53%
21%
105
32
,
*ll3/4
21%
21%
105%
105
32%
32
,
*186%
165
; 681/2
-22%
i 104% 104%
"32%
32V2 '
.
7%
27%;, 28
27%
t
•'
187/b
Vi■ 40%
26%
26%
16%-
17
26'%'
267/g
2,800
7 .18
.17%; 17%
illtW
36%
36%
X36%.
35%
36'/8
36%
*113/4.12 '
"68,** 70 '
52 1V52..;.
*113/4
;
*52
67%
53%
.21%
22 ■&.
22 >■;
1Q4%
104%
;32%
>
.37
f
35% :
12
22%
Xl04»/»; 104%-
33,I;
33 T
190
191
191::
191
ii 191
166
166
163
^ 164%
32
31%
32'/4
13%
83
84
-
20%
20%
20%
1:
31%
.31
31
*38
39%
39
39
39%
13%
13
13%
13% .13%
60,300
84%
84%
85%
85% ' '85%-
3,500
31%
311,4
84%
,>
*301/2
30%
.
.
.
31'
313/a
323/8
40
31%
>
18%
18%
18%
18%
18%
29%
29%
29%
29'/«v 29%
19
2,200
50O
29%
-
1,300-
1053/4
1,000
8,400
1,800
150
22%,
23
22%
23
123/4
13
12%
13%
22%
22%
22%
223/4
53%
53%
53%
53'A
*106%
108'/a
x
*106% '108%
100
100
*107
108%
footnotes
see
page
2411,
100
108%
12%
23
13%
22%
iv
22%
52
52
*106%
*99%
*107
108%
101
108%
X22%
22%
13%
22%
135/S„. 137/e
14%
22%
22%,
22%
*51
*106%
101
*107
53
107%
103
108%
22 3/a
-
*52 %
*1061/4
103'%
*107
23%
'
533/i
107'/2
108
108%
1,100
■
3,600
500
1163/4
53 V*
13%
31%
12%
13
24%
20%
11%
.•
353/a
37
'13.
.xl01%
Mar 26
Jan 24
Mar 26
Oct 15
Jan 23
Jan 2
Apr 6
Mar 9
Jan 4
Jan 2
July 17
May 5
Jan 22
Jan , 2
Jan 4
Aug 17
'
National Power & Lt
——No par
' National Steel Corp
25 •
National Sugar Ref Co_
No par t
National Supply (The) Pa
10
$2 conv preferred
-40
National Tea
Natomas Co
Co__
Nehl Corp
Neisner Bros Inc
-
Sep 19
Sep 28
16% Jan 4
21
Jan 2
33
Jan 4
7-% Jan 2
65
Apr 6
;
22s/8 Aug
3
Jan
6
15
26% July 26
92% Jan 15
3
10/s Jan 3
15 /4 Mar 26
10 ^ 10% Jan
30
103
Jan a
66
106
Jan 4
Oct 31
F( b
7
11%
Apr
17% July
3
28
Jan
41%
Dec
16
13%
Jan
20'A
Dec
29% Nov
18
Dec
19%
Dec
191/b Nov
2
7
9
Jan
24% Nov
2
9%
Jan
13% July
157/8 Dec
56
,
8
33% Nov
6
20% May
24%
Dec
192
Apr
24
165
Mar
181
Dec
28
Nov
16
18
Feb
21
Dec
18% NOV
16
17%
Apr
41% NOV
Nov
3
5
18% NOV
16
Nov
9
19% Jan
25%
37% Nov
7
13% Jan
24% Dec
12% Mar 14
75
Nov
7
11%. Jan
12
30
38
8% Jan
26
Apr
34
XlO
Sep
23 % Aug
xl 1%
Feb
14%
37% May
37
Jan
8
9 v!
Feb
20
87%
Jan
Jun
192
167
•
21
Oct
.
Dec
14% July
104%
Dec
25%
Jun
19
Jan
164
Feb
181
141
Jan
159
2
16
Deo
22 Va July
Apr
23
Apr
34
25"
5Nov 14
May
»
Dec
Mar
30% Feb
2
22 7/8 Oct
108
Dec
Dec
26
54'/4 Nov
331/4 Sep
177
Oct
Nov
25% Nov
£an
9%
13%
23%
181%
20%
•
No par
preferred—100
Feb
313/e Nov
>. 15% Jan 20
353/8 Jan 23
20% Jan 2
16% Mar 27
152
prior conv
Oct
Nov
14% Aug
No par
;
1
—1
No par
No par
10
No par
No par
1
No pat
No pai
-1
4%% conv serial preferred—100
800
Newberry Co (J J)
No par
—.>-i3%% preferred_j._
100
14,100
84
preferred A
100
preferred B.
100
National Linen Service Corp.—1
Nat Mall & St'l Cast Co
No par *
National Oil Products Co
4
5%%
Oct
24% July
1%
150
Dec
100
—1
1
—5
10
100
No par
—
Dec
10%
1
6%
510
r
20%
13%
19%
29%'
For
6,700- > National Lead-Co—
20%
21
.<■
6,900
*31
,
31%
*22%
National-Container.
National Cylinder G is Co—
11,500- ' Nat Dairy Products—
5,400
National Dept Stores
>.
/
6% preferred^—
21,200
Nat Distillers Products—
>',500 > Nat Enam & Stamoing
9,200
National Gypsum Co—
>
•190
$4.50 conv preferred^
3,600
33%
167
Nat Cash Register—
.
Jun
25%
333/4
^—10
National Can Corp
19,700
39
40%
39%
65%
23,500
195
190
39%
*107
,
167
13%
*95
,i
188
39%
1053/4
27%
33'/a
*191.
165
31%
29%
32%
/
165
20%
19
66%
52
: 21% :,22'/a
105
20%
*31%
12
63%
52
53%
20%
*20%
37%
35%
•11%
33%
195
1861/2
187
*162
36%
12
.
/
35
35%
w
*jL13/4
>
27%
18
33
190
247/a
5
Nash-Kelvinator Corp——8
Nashville Chatt & St. Louis
100
National Acme Co
1
23%
32%
;
preferred
18%
*185 3/4
Aug
63% Not
1
Co
National Airlines
7,800v
Sep
113
No par
s
23
/
Oct
Jan
119%
—No par
No par
No par
4%% preferred
100
Murray Corp of America
10
Myers (P E) & Bro
No par
$7
'
18
Oct
88"%
117
Munslngwear Inc
Murphy Co (G C)
132%
113
113
Mueller
38%
132%
v
Wheel
Mullins Mfg Co
108
38 3/8
Dec
Dec
Jun
25
par
Certificates of deposit
45
16%
109%
*33%
;
44%
44
6'A
187/s
10
Motor Products Corp.
32
16%
Oct
par
31%
*431/4
Dec
Jun
—
38%
*30
Dec
Nov
$2.50 cum pfd;
50
Morrell (John) & Co—i~.No par
Morris & Essex——60/
38-%
30%
Dec
Dec
391/2
par
31%
x
Dec
23% July
2.50
Inc
Chemical Co
38
-
9%
111
—100
20
Mills
Co
38%
38
31%
X30%
112
100
Montgomery Ward & Co_—No
;
51%
-
113
$4.50 preferred ser A
No par
Preferred series B——No par
$4 preferred series O—
No par
59%
58
55
*50 %
56
114
No par
Tool
Mach
Monsanto
f 112
73%.,
Carpet
19%
•46
10
Hosiery
■
•>"' 2%
_1
——No par
preferred series A
Monarch
113%
1131/4
*108
73%
7%
;
—100
Corp
Oct
583/4 May
,3
100
D
Aug
144%
No par
Moore-McCormack Lines Inc.No
72%
39
par
Impl_*
preferred
Mohawk
32%
iii3/4
r
lit3/*
113%
113%
113%
112
111
32
.
Power
Mo-Kan-Texas RR
38 %
47%
31%
preferred, series
15%
14%
14%
38%
Dec
8'A July
28'/4 July
No par
Mission
1.4%
107
100
M A vtc
31 %
31
Dec
5
No
vtc
Moline
$6.50
■
37%
*47 %
112
121
"
31%
4%
Minn
;
121
*31
26
tiio%;
.•110;
B
SS
&
Dec
Aug
38
10
1st preferred
P
Dec
55 %
par
5
100
Minn-Honeywell Regulator
4% conv pfd series B
4%% preferred series C
J
-
12%
*119%
121
31%
32
11%
114
St
Class
513/4
f*112%
*112%
Minn
4%-
% 50 3/4
/
.
114-
*112'A
114
"
Nov
Iti'A
Minneapolis & St Louis Ry __No par
'
17 %
Steel
cum
38%
50
No
Co
31
160
52%
preferred—
Oct
94
1
,
11%
'
Dec
' Sep
par
31%
*67
*112%
1st
Machine
13
100
par
No
Dec
19% July
No par
No
w
11
31
160
17%
conv
B w
ser
,30%
11 '/a
11
$5.50 pfd
Oct
111
Mengel Co (The) ———————1
*20%
Dec
137/a
10
108
NOV
28%
1043/4
_loo
108
Oct
Dec
55% July
18
106
211/4
Apr
22
par
—1:
111
Jun
112%
_100
105%
21%
Oct
21
No par
_B
i.
McQuay-Norris Mfg. Co
Mead Corp
$6 preferred series A-
Dee
29%
—1
No
July
110%
—•
105%
*107
.
11% July
44
par
No par
_l
$4 preferred
McLelian Stores Co
243/8
*115
26%
Dec
Nov
McKesson & Robblns Inc
109%
24
*115
i24%
Mclntyre PorCupfne Mines
38%
38%*1081%
24 %"
Sep
Jun
29
176 Va
McGraw-Hill Rub Co
"
Dec
12
51% May
5
McGraw Elec Co
1
Dec
25%
100
Stores
30%
G73/4
May
Wks____-_.No par
Alkali
68
*29'%
21
1
41%
*40
-
^'68%
68
fV 127
Jun
20
_l
preferred
McCall Corp__
;
McCrory, Stores Corp
5% conv preferred w w
30 %;
127
41% >41%
*29%
a.-
"
preferred
(6 1st
49
29%
>
29% '■% 29%
i29%
*41
,"47%
v
Co
Co
Department
$3
Aug
100
$3.75. preferred
Maytag Co
\
li3%1
•111%
113%
V
13^
52
Oct
4
B%
100
Master
7 %
Dec
Deo
243%
No par
Corp
Mathieson
Jun
16
par
May
Dec
lO'A
;
par
108*'/ 108%
>n3-"13J/4
*51%:' 52%
"
19
22%
5
~
—
Dec
Oct
391
1
No
193 %;
46%
13
38% May
1081/4
5
prior pfd
Dec
48
par
No
.45%
—
—
Dec
Masonite
45 %
52
—'
Nov
48
*188 >
—
30
57%
28% > 29%
29
*111%
Ry 6%
Elec
Deo
24% Oct
148
Martin-Parry Corp
193%
'
44%
46%
29%
127
43
-
112
46%
129
42
109%
•>13%
-
%
*188
45%
112
31
129
1931/2
13
52
112
28
28'/4" 28%
*186%
17% Sep 28
I
r
—
(Glenn L)
./
V 13% Aug 21
165
v.,
50
:
No
Martin
48
13
NOV
No'par
preferred
....
21
Apr
Jan
20% Jan
100
!
4%%
X55V«
17%
151
5
27% Nov 15
par
Co
Marshall Field & Co
19%
55
July
jns
Dec
Deo
Dec
July
53
16%
44
20%
10
>37% ; 40*%
36% VV 37'/a
-u.
4
2',1',
--
—
40% Feb
8% Jan
28 • Jan
No per
i
Marine,Midland Corp_
St
23% Nov
—
10
Copper
Market
iviar
14% Jun
9
,,
.2
,
$ per share
100
No
_
Maracalbo OH' Exploratioh
37%
Jan
23% Jan
—10
Forbes
112%
r
l«fi
.—50
Inc
Manhattan Shirt
17%
17%
37%
*110
18% Jan
"
par
—
&
Bros
40% Feb 20
v
-100
N
preferred
Mandel
5%
53%
9%/> 9%
17%
36%
36%
"
Co
-
25%
—25
—10"
Mahoning Coal RR
Manati £ugar Gn
<
25%
114%
Steel
Magma
*24
6
Madison Square Garden
24%
'
12
15% Jan
_
Macy (R H) Co Inc
41/4% pfd series A
515
11%
par
Nashville
Mack Trucks
110%
23%
11%
5%
35%
34% i 36%
'
'31
6%
33
*110
Lukens
<
25'/a
17%
37»/4
115
2,800
48%
-
*475
9% >
■
18%
36%
33
24%
515
,
5% V;
10
*110
*31%
/ 23
*475
11%
;
*32%
5%
18
36%
115
33%
34%
;
471/2
N.
Highest
Lowest
S per share
32% Nov
7
66% Oct
1
23% Sep 19
74
Oct 29
30
Oct 22
28
Co__
Louisville &
35% Nov
31
Jan
,
$ per share
25 % Aug 10
•
50 (
'1
2,900
par
par
Biscuit
(P)
t
""""/v
Corp
1% preferred
Louisville Gas & El A
800
154%
643/4
*108%
*24
34
51/4
9%
9%
11%
25%
*32%
5%,
>
63%
47%
....:
Lorlllard
Cement
MacAndrewa
*153
109%
321/2
'
/35%
154%
63% > 63%
46%
515
Loose-Wiles
150
16%
*35
23%
*490
12%
16%
109%
22%
525
16%
n
1,800
66%
46%
X32 '/at
23%
*490
,
65%
110'/a
*108 %
33
22%
23%
525
66%
*153
64
46.
47%
109%
35%
153% ••.154.%
03%
*108'%
*490
V
*35
*153 /•■• 154%
154%
63
28%
,
;
etar
Highest
share
19% Jan
1
Long Bell Lumber A
2,800
*27%"
Inc
ljone
1,800
1
180
Loews
1,300
29%
180
27%
16%
34%
*153
•
t per
.
Year 1944
Range Since January 1
t
Lowest
Lockheed Aircraft Corp
...27,100
69%
29%
181
Range for Previous
STOCK *
Par
10,300
22%
65 %
V
16%
V 16%
64Va
27%
27
65%
29%
*180
178
*26%
31%
'
YORK
EXCHANGE
Shares
34%
31
63
32%
,V
NEW
the Week
$ per share
22
—
Sales for
*
Nov. 16
share
33%
34%
STOCKS
Friday
Nov. 15
63
32'%
67
V
:
66
'
22
-
'
Thursday
Nov. 14
22
31%
*64%
-*
I per share
—
Wednesday
1
Nov. IS
Nov. 12
$ per share
:
Tuesday
Monday
•
Nov. JO
v
RECORD
LOW AND HIGH SALE PRICES
•.:■>■
Dec
Dec
Jun
6
17%
4Qi/a NOV
5
281/2
133/4 NOV
10
853/, Nov
16
323/e Oct
19
Oct
10
11% Feb
33% Mar 16
24% Nov
30 % Mar
79% Feb
95
32 3/4 Oct
20
105% Oct
29
243/8 oct 18
534 Feb
57%
SVa
Feb
73/4
70
11% Nov
Mar
11% July
9
24'/2 Oct
6
10
13%
Jan
22
Jan
32%
96'/2
Jan
105%
56
Jan
108-
109
Oct
29
Nov
8
IRC
Jan
15
1081/2 Mar 12
Dec
*7% JulV
14V8 Nov
53 V2 Nov
Jun
Jul /
IS3/* July
68
Deo
Oct
rrr
•
|•
prtr, rn
2408
RECORD
NEW YORK STOCK
AND
LOW
:
*
t per
share
per
S per
share
1073 V 109
42%;
42 %
21%
2i%
21%
56%
131%
•36
P7 v
•300
124%
126
28%
57%
-
56%
*110%
>
30%
31%
28%
13
;
*110%
112
29%
31%
48%
,
13%
57%
16%
k
30
15%
15%
15
115%
115'%
•31
32
*111
112%
112%
48
;
1,000
:
112%'
19%
19%;
30,800
30%
30%
30»4
4,600
14%
115
115
115%
15%
14%
15 y«
115%
115'A
115 »A
200
32
31%
167
*163
26%
2,000
32%
1 '
32 r
32
31%
*163
167
•163"
-
26%
26 y2
26%
-
167
76%
75%
30
*87
>91
76
•30
30
91
.76%
31
91
77
76
,
v
" '
88
.£•■
91
75%
8
24%
Jan
29
Nov
3
11%
Jan
< 65
18% July
Nov
8
30%
Jan
44%
Dec
Oct
19
Jan
198%
Jun
Nov
15
23%
Dec
i
jan
129
24 Ye Mar 14
118
•' Dec
29%
Dec
14%
Jan
33%
Jan
193%
Jan
218
Dec
Aug 17
126% Nov
7
116%
Jun
122%
Dec
28% Nov
19% Jan
2
105% Jan
9
17% Jan
9
15%
51%
Jun
7%
Jun
31
<
35% Jun
July 6
26% Mar 27
46
50
6% Jan
2
50
J
L
107% Jan
12
Apr
v:.;3t%;Dec
50 Ya
4%
Jan
9
40%
Jan
5
12% May
16
104% Nov
2
28
1
3
115% Nov
16
2
,16% Mar
5
4
118 ?
112 '
13% Jan 22
15%
7
•
Sep
105
26% Nov
13
32% Nov
16
18
7
147
22% Jan
108
May
8%
Oct
11% July
Apr
164 y2 Jun
Oct
108%
Apr.
99 % Aug
26
Dec
20% Mar
Dec
Jan
Oct
Jan
-
28%
8%
July 31
July
53
23% Nov
:23% Jan; 2
155
Dec
109
Oct
20% Feb
X31.% Nov
Jan:
115%
Jan
17% Jan
37% Feb
Dec
26
16 Ye Aug 20
24% Jan 24
107
Dec
22%
.17% Oct
3
Oct
106
57 V2 Nov
12% Jan
,11% Jan.
Dec
Dec
11%
14% Oct
Mar 17
106% Jan
19%
>
Jan
112
5
Nov
Sep
54%
'
•
•
xl3% Jan
3
Nov
%
57
11
lOO
26
116% Mar
Apr
47%
Jan
July 31
14% July
2
110% Jun 26
59
110
-——100
preferred
50% Oct 17
9% Jan 20
No par
Otis Elevator
20
53% Jan 16
■
Jan
Dec
•
14%
Dec
24% Aug
157
Sep
30
32% Nov
5
No par
74
Feb
7
89% Oct
31
64
Jan
75%
Dec
12.50
58
Jan
2
78
23
55%
Feb
64-
Jun
10%
Jan
2.50
Outboard Marine & Mfg
600
39 V4 Jan
-62
8
50
;
20
77 JA
*87
16
118
convertible preferred—100
(The)
-0
8 % conv preferred A—*
100
Oppenheim Collins
10
3,400
Owens-IUlnols
1,000
Pacific Amer Fisheries Inc
Outlet Co—
'
77%
76%
30 Vz
30%
31
88
v
0Jun
< 258% Nov
4% %
6%
Jan
Dec
2
No par
.
19%
18% Dec
109
Jan
37% Jan
Omnibus Corp
;
Dec
15.
148
<
219
No par
7,000
117
Dec
35%
75% Jun
108
Oliver Corp.
8,300
-
26%
26
32%
115%
14%
115 j/e
15
23%
< Mar 26
102% Sep 21
14% Aug 21
pfd——100
4.40%
Co
Aug
Jan
410
Ohio Oil CO—
410
•j.14%
114%
114%
•
*111
112%
50vb
15%
26.
2
:
Ohio Edison
'
19%
30%
Apr
Mar 26
No par
—
Telegraph-
Preferred
Jan
Jan
No par
—50
Norwich Pharmacal Co——2.50
■
Jan
41
Norwalk Tire & Rubber
1,600
19%
•111
112%
Airlines
Northwestern
July
13
17
States Pow $5 pfd-No par
Northwest
2,900
"57%
16%
16%
Central Ry Co.
Northern
390
y2
14%
*56
16%
Xl6%
16%^
49
57 %
Dec
Deo
22
35%
3
32V4 Jun
162
10
Northern Pacific Ry
Northern
.:
97
2
par
—BO
'
35
Apr
16% Apr
1
58% Oct
2i7A Jan 22
Jan 22 <
par
share
108
■
27%
110% July 18
9
Mar 22
32
50
1
50
100
preferred series
6%%
North American Aviation
112%
%
14%
14%
57%
*56
i.i
51,100
33%
*56
13%
13%
57%
500
14,400
Nov
Dec
per
100
pfd
non-cum
North American Co
23
14
104
S
100
Ry—
Adjust 4%
113%
112
49 y2
57%
i
*56
25,100
57
13%
32%
112%
49
49
287/a
♦111
33
31%
200
57
113
31
113
124 y2
Western
16
28% Jan
Norfolk
&
Jan
45
N Y Power & Light
10,300
33% Nov
25
par
600
-
16
23
200
20
%
45% Nov
103% Jan
48%
13%
/,
RR Co
Y & Harlem
109
'
•62
Highest
per share
109% Oct
100
255 v2
28%
56%
13%
H
680
r
19%
166
30
•
56%
13%
$5
'l
4
Aug 20
Xl6 % Aug
3.90% pfd—100
N Y Shlpbldg Corp part stk
1
Noblltt-Sparks Industries
—3
123
28% :■
57 %
preferred series A
City Omnibus Corp—.--No
York Dock
No
non-cum preferred
No
New
108
48%
-j;
300
100
375
j
254
.
123%
28%
28%'
28
65%
19%
19%
Central
Y Chic & St. Louis Co
N Y
30%
26%
26%
*162
Year 1944
Lowest
t per share
share
18% Jan
No par
No par
.—100
Brake
6%
600
19
115%
..'32%
32%
165
18%
N
3,500
30%
•111
15%
114%
26%
26
.32
107% ~
108
r
2,100
30%
114
•161
16%
115
•113;; 114%
108
York
36%
*320
375
107%
New
•
19%
30 Ve
30%
*
*§5%
112%
19%
19 Ye
*13%
•
17
*111
112 %
1
19
*310 *
* 57%
*56
,
?
13%
■*55%
16%
♦111
'
57
57%
16%
*62%
13%
*56%
57%
112%
*56
*26
65%:
123%
49%
14%:
*25
*62%
"65%
36%
36'
-
125.
*123%
112%
;
.59 "i<
' '
28#:,*.''
V- 36
37
York Air
134
133%
255%
112%
57
58%
'
154%
'48%
*56 <•
31'A
133
New
88,800
30%
48%
49
;
56
432%
6,700
2,000
58
56%
; 32
Newport Industries
110%
per
305% Jan
pfd-100
J
Newport News Ship & Dry Dock—1
$5 conv pieferred
No par
V
21%
21%
S
Mining Gory»-
Newmont
4,900
%
31
29%
254
253%
33 %
57
#47
112
*56
Range Since January 1 <
Lowest „•
Highest
<
,
4%
New Jersey Pr & Lt Co
56%
18%
48%
:
1
Par
"l 1,300
45%
•110
1
48%
*111%
:
21%
18
13%
,13
13%
112
107%
124%
28%
28%
28%
*56%
.
EXCHANGE
110
32%
57.
•47
256
X255
257
Range for Previous
<
NEW YORK STOCK
c..
Shares
44%
110%
*55%
3oo
*300
49
*48
2i
•110
9«
*62%
18%
18
18%
48%
21%
56
29%
132%
*36%
107%
106%
107%
18%
30%
56 %
131
375
48%
257
13 l<
28%
27
•
*110%
'r
X55%
65
109
110%
*110
37
65
v: 375
124 %
;
132%
27
107%
32%
58
65%
26
31%
30%
37%
37 Ve
31%
22%
56 %
132
*63%
44%
31%
X20 %
28%
57
132
43%
44%
per share
*108%
*108%
44
43%
57%
v!r;
t
t per share
share
♦108% 109
109
56%
.
*55%
•
share
30
56
29%
.
the Week
'
per
110%
*110
110%
Nov. 16
-
Nov. 14
Sales for
Friday
Thursday
Nov. 15
?./
Wednesday
32%
32
33
32%:
♦no
♦315
*107%
42%
'
STOCKS
HIGH 8ALK PRICKS
»?
Nov. 13
f-
Nov. VI"
Nov. 10
•
,
Honda?
KttuUkf
Monday, November 19, 1945
jhk commercial & financial chronicle
Co
Glass
Oct
''
c
88%
36%
45%
45%
45%
45%
59%
-59%
59%
*59
.
-
•21
22%
60%
60
8 Vb
26%
26%
.
8%
16%
•
■
19%;
21%'
87
*84%
,
800
>:
*146
171%
•
60 %
60 %;
r
148
f 8%
*25%
171%
-
240
26
'-
>26%
26%
8%
v
8%
8%
21%
21%
16%
16
16%
•
24
2
3
6%
Pacific Western Oil Corp
8%
80,800
40,500
Pan
8%
s
*15%
•
Petrol
&
35
35%
35%
•109%: 111
10%
10%
<<34%
110%
9%
35
35%
'*109%
10%
111
10%
v-
10%
V. 76%
76%
*74
'
35%
*109%
76%
-
•"
108%
35%
*109%
9%
78%
80
108 %
110
r
36 y4
4%
300
80
Cos
Parafflne
Si
43%
56
56
h
109%
-.42%
56
56%
109%
43%
.
4 Ye
4%
,
36 %
28%
13%
18%
.
i.
15%
4%
4%
36%
!.i;' *29
29
18%
"
12%
18%
*70.
v-c.j
^L.
i
*-
14%
14%
15%
18%'
•70
Ret.—
45%
;
44%
45
6,300
29
v
106% Oct
139
< <'
1,400
v
45%
14%
14%
45
6%
6%
<
27
•111
113
v
;<<<
<;'<
'.- r
-
*26%
•111
j
<
48
*41%
95
•24%
35
89%
*26
7%
7 Vb
7%.-'
91%
■"
111
47%
48%
42
42
96
96%
-
28 %
114%
*24%
34%
35%
26 V4
35 %
34%
28;
V.
117%
.94% '95%
34%
34%
<
42%
25
95
*116%
96%
*34
35
106%
*105%
106%
*105%
9%
10%
9%
9%
9%
14%
14%
14%
14%
14%
14%
30
30%
29%
30
37%
29%
36%
30%
37%
37%
36%
36%
29
-
29 Vie
69%
War
\
'V*
>
'
-5•r
112%
■29%
,
70
69%
113%
29%
111%
28%
"
14%
14%
14%
"
39%
13,000
70 'A
810
"
70 r.•■,•'•
69%
111%
iii%;
69%
113
,
5,100
*
113
"
29'/a
28%
29
29
190
29%
28%
28%
118%
17%
28%
*118%
17%
37%
v
<
n%
37 Mi
68%
*110%
'
37
26
22
$
i
•
22
37
*121-
:
97%
*200
^
%
*C'V
v'
^
.
em
*114
100
130
89%
9%
[3
it:
;
89%
"'
18%
62%
vi s
•
v
35
18%
22%
*
30
;
23
22
65
.
"•
"
.<
'
,
t
L
j,'% 18 %
V,'
M
'it-mi
.
^
Va
27%
27 %
110%
110%
115%
3
137
w
'•i
...
.
•'
L'
footnotes
'64%
,
22
64
123
55%
56
23 Ye
"•
23%
:
*121
:
10
•121
9%
100
I
1,900
9%
10
ioo
'
$4
14
21%
6%
Pitts
4,100
100 Vz
22 Vi
201%
9Ve
11%
*110
61%
>,
87
v-?
33% Aug 21
;
9%
130
60%
62%
9%
'
r-";;7c 34 :
•197
18%
18%
100%
22%
?-
24%
v
30
X23
22%
;
■
61%
'
63%
V
138
148%
;'vl:
■
22%
19%
*100
*83%
35
35
2,780
*30
19%
*99
-
22%
*30%
30 y4.
21% V
23%
23%
23%
21%
■
22
22%
63%
64%
85%
35
200
U\ ■
1,900
:
*197
19%
100%
22%. 5:.
t
23%
19%
5,luO
iooy2
50
22%
4,600
30%
&
27%
110%
121 %
xl32%
133%
148%
26%
\
110
120
22 %
64 Ya
26%
26%
110%
110 Ye
.
Pond
Poor
3,300
-
Creek
& Co
Pressed
13,400
V
.26%"
110 %v
133%
145
I1P %
120%
135
146
135%
.
-
-
146
—
Procter
2,700
Pocahontas
class B
Steel Car Co Inc:
&
)20V2
"
Gamble
.'<•<
1.300
137
146% <
Pub Serv Corp
18,900
':<• 870
550
'■'«
710'
<
.
of N J
preferred—1
'V 6% preferred
-
$5
7%
8%
:8% July
20%
51%
Apr
59%
93% Feb
113
28% Oct
Dec
Apr
24 'a
9 Via
Jan
17% July
2%
37%
16
5
Jan
Feb
Aug
X70% Nov
18%
Mar
110 % Mar
112
Dec
Jan
33%
< 25% Mar
Dec
21%
Jan
32
Dec
55
16
July 27
2
Dec
13%
13
23
Dec
Nov
Jan
70%
Dec
5%
Jan
17%
Dec
Dec
26%
Dec
Dec
38 % Nov
16
43% Jun
18
10%
Jan
19%
19% Jan
Dec
118% Nov
14
Jan
96
92 V2 Jan
54 %
116% Jun
25
Jan
Dec
Jan
33%
65%
63
26
100
5
106
Apr
Oct
108
8
Jan
—100
100
9% Jan
——1
35% Nov
57
Jan
25
?00
1
3
117
40%
Apr
71
Dec
16
20%
Feb
26%
Dec
Jun
59%
Dec
Jan
108%
Dec
May
21%
Jan
26%
Oct
16
49%
Oct
1
88 Vu
29% Nov
•
13
19
15
23% May
29% Nov
2
Apr
19
18% Nov
31% Mar 27
.
40% Oct
11
14% Jan 20
No par
100
No par
113
Mar 29
120
111
26% Nov
—25 I
No par.
;
25
105
.
25
.
Nov
8
2
37% Nov
preferred
100
1°0
preferred.
—1°0
K
42%
9
119%
3~7~
Jan
28
Sep
16% July
Feb
Jan
117
tv8%Jan
Apr
"14% July
23%
Feb
26
Nov
85 Ye Jan
Jan
Jan
92%
Apr
Feb
10%
Nov
90
Nov
19
7%
101% Oct 22
31
.8%; Dec
9
61
16
10% Oct
15
15% Jan
2"
July
io|
;n'
Nov
68%
95
Nov
J 48% July
28
126
Aug 21
Oct
July
S»p
105%
13
108 % Feb
Dec
22 */2
Nov
15
190
Jan
.6 Ye Jan
8% Jan
205%
2
4
«•;: 9%:
13
2
July
9
Oct
17
Oct
17
11 Vi
Jan
17
Dec
164%
Jan
171
Mar
183
Apr
190
Aug
4%
6%
6% July
Jan
Apr
<
9% July
Sep
100 %
Sep
61%
Dec
Mar 10
117% Oct
17
82
49V2Mar27
69% Jun
26
45
Jun
26
57% May
73 -K
Dec
43% Jun
6
Jan
22%
Aug
99
*
•
.68
91
Feb 20
21
Jan
2
198
Jun
9
is8
Jun
9'
11%
175
8%
Nov
175
Jan
Nov
Jan
14%
Oct
May
83%
Nov
12% Jan
;
19
20% Oct
15
74 Ya Jan
27
< 100% Nov
14
69
25% Apr
Oct
31
30"
16%
Sep
19V4 July
3
19%
JaD
25
25% NOV
8
8%
Apr"
13 Ve
24% Sep
66% Nov
19
11%
Apr
18%
27'/2 Nov
10
13'A
Jan
Oct
31
87%
Jan
14"
96
Jan
109%
Oct
Nov
Dec
17 Vz Jan
5
x98
16
29
8% Mar 26
No par *
No par
1
No par
No par '
—No par *
11%
1
14
Sep
5% Aug 21
68
•
24%
5
Jan
118% Aug 20
100
Mar
56% Nov
44% Jan ' 2
i 11
Jan 23
.
Apr
Sep 13
Apr
6
74
56 Ye July 24
107% Sep
117
15
122
Aug 22
12% Aug 21
5
100
100
—100
Jan
Jan
16
70% Nov
2
No par
Nov
9%
Nov
115'
2
No par
107 %
Sep
39% Nov
25
21% Jan
Oct
7
2
31,
25
106% Jan
105 %
7
15% Nov
2
28 Ye July
23% Mar
9
Mar 22
10% Nov
19% Aug 20
Jan 23
1
25
50
Chemical Co—No par
Plymouth Oil Co
200i
;-."24'-<;
63%
64
Louis RR
& St
-
26 %
xl46
85%
*197
18%
xl 20%
v
33 %
100%!;
X10818
121
X85%
.
>v50;:^r
•
21%
65
34
96% Nov
21
S5 conv
8,800
<
Jan
Apr
22 Ye
-
4,100
*110
130
62
62%
:
4%
42% Nov IS
16
14% Jan
^300
Pittsburgh Forglngs Co
"lO
v-
11%
*110
;
205
9%
12%
16
69
Jan
Jun
5
Pitts Ft Wayne &
*201
205
9'/4
—
preferred
Coke
16
Nov
£■
18
Nov
45
49
Apr
Aug
23%
15%
1
30% Jan
preferred-———No par
1
Chic Ry_
10Q
7% preferred..
I
100
Pitts Screw & Bolt
No par
Pittsburgh Steel Co
No par
7% preferred class B_
100
5% preferred class A
100 '
5%% 1st ser conv pr pfd
100
Pittsburgh & West Va—
100
Pitts Young & Ash pfd
100
Pitts ton Co. .(The)
1 <
Preferred
100 ;
210
1,500
,
,
11%
9%">
ii%:
88
100%
27 %
145%
2411.
*200
201%
130
*197
•197
;
Inc
'
3,600
97/«
22%
22%
22
21%
200; ;
Mills
Pittsburgh Coal of Pa
19,900
'
113
37% Mar 28
—50
10
_5
100
5
Hosiery
preferred
Pitts C C
.
v"
100%
%;<
Pillsbury
30;
7%
95
Pncenix
1,200
,
4
—
preferred
Phillips Petroleum
16,200
135
7%
93
Phillips Jones Corp
7%
108
135
200
'
37
*107
37
-
100%
25
37
108
6%
7%
88% ; 94
88%
100%
:
26 %•
24%
23%
.
<<" 37 V
36%
135
*197.
110%
134
page
Corp
Philip Morris & Co Ltd.
4% preferred ——
#
'
26%
J.
see
26 v2
*121 •:
56
56y«
10
9%
12%
130
-110%
*
138
For
27
123
55%
6% ; .6%
23
-190
145%
200
<*26
'
88%
205
30
>
.
3.900
•121
"
;
$1
ehilco
8,800
69 Va
iny2
*107
21%
*29%
-,
-
117%
145%
;;
23
65
Nov
No par
preferred
•
68%
*109%
108
-
200
,.'22%
V
V—
36%
100%
89%
*100
22%
;
23
22%
6%
,34%
'
30
,
68%
110%
*107
135
89%
100%
22%
22 V4
34%
x *197
/«i'..
'
*100
n%
*112
V-
r
•
*197
\i
66%
'33%
37 y2;
100
111
99% Nov
26% Mar 19
31%
Feb
18 %
8% Aug 14
2
Dec
Apr
Apr
26%
23
Jan
2%
1%
No par
preference com
4.4%
preferreo
Phila & Read Coal & Iron
•
*197
"Sj'-if
55%
m
10%
^21%
^
?'
•
i
30,600
67%
*121
27
88%
•200
9%
12%
66%
18%
37%
37%
36%
125
88
*"* W
•
V'-
205
9%
18
110%
67'/4
*25%
,10
mi
:v
200
12%
*
6%
•
*
.
-
29'/a
119
17% Jun
3
of America
'
36%
111
*120%
56
*121
.
21
21
*197
•
18%
18
17% -
123
37%
6%
10 %
67%
111
ic7%;
V
88 %
97
68%
107
135
6%
*87%
10 Ve
17%
36%
111
'-"37%
108%
'
55
•
,;V
22
37
17%
*118%
119
*118y4
119
26
*120%
;
54% ;
*107%
*118%
28%
28%
28%
28%
Dec
37% July
7
4
'
% 7,.^.
27
123
•
118%
37%
67%
*110%
*
54
28%
•
68%
in
•26
*120%
29
30
Sep
7
47% Nov
par
100
Phila Electric Co. com—
7,800
1,700
.
*
'
*118%
$6
142% Nov
Jan
Phelps-Dodge
Corp.—
Philadelphia Co 6% preferred
"
9
19
Pfeiffer Brewing Co—
Pfizer (Chas) & Co Inc
1,700
31
38
Jan
May 28
10
Mar
62 "T Mar 26
2nd preferred
Petroleum Corp
'
30%
Dec
23%
27
11
72
Dec
July
109
18
11% Aug 23
33yac
Milk Co
4%%
37%
36%
;
112%
70
Pet
Oct
Oct
5%
61
Jan
24% Mar 12
5
No par
preferred—
2,100
29
Jan
Jan
1
14
5
8
24
No par
Sand Corp—
prior preferred——:
30% <
29%
-
—No
Jan
21% Jan
Corp.——1
—10
5%
300
10
14
106
5%
106 y2
10
10
Co————No par
1,800
35
'•105%
106%
—No par
Oct
19% July
2%
.
59
1,300
96%
6% Mar
xl8
Cement
Glass
21% Jan
No par
6% Aug
Feb
45
16
Pepsi-Cola Co
Pere Marquette Ry Co
2,800
118
•34
35
*34
44,900
30 y2
96 y2
•105%
400
38%
118V2
34%
39% Nov
preferred
—
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co—
1,200
27
:
35%
35%
96
10 Ye
<>/'
26
'
118%
96
1
5%
500
94
118%-
106%
70
42%
94
30%
34%
113%
*40%
•
Penn
300
48%
30%
10%
70
23,400
28%
*105%
113%
45
*46v2
26%
29% Feb
Jan
103
July 26
.
Mines—1
Coke Corp
&
Feb
3%
7
$7 conv nref ser A—
100
27
Coal
Penn-Dixie
1,400
>
44%
42%:
35
35 Ve
92
90
.
96
*24%
:
114
48%
96
-
-
7%
Q9
Penn
2,300
38,900
.7% July
17% Dec
;
~8%
16
10
Airlines
Penn-Central
7,000
*26 >A
•109
28 %,.
28
; 117%
115
94
28%
'
44%
*47
48%
4'!
112
43
42
96%
*24%
-jm+if
114%
47
.-v
26%
112
43%
7'/a
92*;
26%
-
Ill
42%
43%
90%
27 "»-<
95
.
r:-
.
28%
94
'
42
^ ' ''
25
;
,
•
'
27
113
42%
*■'
'42
95
6%
90
89
•
42%
42%
*46 %
-<7;:<
■
90
Penney (J C)
110
2.50
Ford
&
15
4% Nov
Transportation
Jan
12%
14
61% Nov
Patino Mines & Enterprises
Penick
77% Nov
24
Parmelee
400
16
22
5,900
71
Jan
2% Jan
5,300
;<
Sep
4%
26
-—No par
—
Dec
163
25
32% Jan
18%
'
6%
*85
*26%
Co
Dec
123%
16
Oct
11% Oct
1
Parker Rust Proof Co
800
•
Davis &
36'A Nov
111
45% Nov
Inc
Consolidated
Utah
Parke
42%
Apr
6
27% Mar 26
13 Ya
139
-
14%
14%
14%
Park
36,700
Tilford
&
Dec
30
17% Mar
31
1
Inc.
18%
70
139
r,
4%
Park
Pictures
28% Jun
56
100
preferred—^
conv
Paramount
Dec
48
Jan
8
29% Apr 26
106% Sep 18
4% Mar 20
1
No par
Inc—
12%
'
71
139
139
44%
46%
45%
V-''
18%
28%
12%
18%
-
2,300
■rfV
39%
■v.*39 &':'
28%
38 ,:v
28%
•
-
13
58 Yi
jf"
<14%
V
70
17,700
4%
"'•
36%
70 r',
138
141
140
15 %
70
.71%
4%
4i/4
-■
57
-
12%
29%
13%
'18%
56%
45%
44%
44 %<
56%
36%
13%
.
45 Va
-44%"
4%
36%
29
-
71 Vs
140
140
54%
*
110<i 110
.
43%
43%55%
36%
-
18%
71%
42%
4Vb
,36%
28%
13%
•
8% Nov
13% Jan
■
*107%
44
*107%
3
2
16% Mar 26
100
Prod.
Dec
35%
Jan
Aug 17
26% Oct
5
5% Jan
Pipe Line—No par
East
preferred
Panhandle
17,300
10%
*78%
»
Panhandle
8,300
110
10%
io
*108%
77%
77
-
35%
110%
;
•103%
'
25%
Jan
25%
10
d
Jan
117%
13
23
8
16% Jan
'
17%
149
Nov
Jun
Mar
Jan
39% Jan
Sep 25
148
175
6 ~
Apr
48%
30
15
3
.
Sep
13
Sep
8%
7
65
14%
Jan
39
18
3
2%
Transp
Oct
Nov
121 y4 Jan
-No par
American Airways Corp
Pan-Amor
1,200
16%
39
46^
X60% Oct
160% Jan
100
—100
1
-10
Packard Motor Car.
Jan
38% Mar-27
——No par
& Teleg—
preferred
Pacific Tin Consol'd Corp.
400
26
24
No par
Mills——
Pacific Telep
11,900
8%
1
Jan
10
■«
8'
7
Nov
88
48
21%; 21%
<
21%
'
*16
25%
:
8%
21%
8%
16%
8'/8 n
8%
8
:
172 »/2
20% Nov
23 J/4 Nov
9
34% Jan
Pacific
1,900
<
148
*171%
2
20
45% Mar
Pacific Lighting Corp
1,010
(
172%
;
13% Jan
11% Jan
§
—10
CO—
preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Gas & Electric
—25
1st
7,000
59
Coast
Pacific
80
45 Vz
45%'
59
60%
60
190
•
;
35%
34
45%
60
•146
147
8
22 %
16%
'
22%
16%
*171%
26%
21%
8%
8%,
21%
172%
8%
*171%
8%
*26
146%
•
36
•
45%
60
64
•60
61
-
86
-35%
46
.59%
19%
22
-
'
*171%. 172%
8%
59%
i}< 148
86
21%
19%
21
-
35%
45%
'
•
19%
t
87
35
-36%
147
-
60%
22
*85
86-
34%
J
145%'
145%
21
86
-
19"%
21%
19%
33%
;
19%
197/e
19%
19%
*21%
i
*85
2
24% Jan
3
12%.Jan
8
.
16% Jan 22
55
Mar 27
Jan
2
102% Feb
16
17
106 »/2 Jan
30
Jan
4
121% Jan
3
110
;
112
xl21% Nov
1?
52% May
59
18%
18
Nov
10
104%
Jan
113%
xl48% Nov
14
113%
Jan
122 Vt
138
May
Dec
Dec
July
Dec
Dec
Volume 162
Number
4439^.^^:^^;:"/'.THE COMMERCIAL & FINANCIAL
NEW YORK STOCK
LOW
titnrteyl
Nov. 12
$ per share
>115*4
fr
;
I «etsday
Monday
Nov. 10
f
BALK
Hi; S
$ per share
"115*4
116
.
116
22%
•107%
109%
34%
f 34%
63
22%-
$
:V
115% H
115%
22*4
22%
109%
34%
34%
34%
34%
35
19
19
.V
116
Shares
x33«4
;
18%
300
15% '16%
47.500
J
18%
'v-'-fHi' >
pfd $5
Par
.
No par
•
112% Oct
$
8
47*4 Jan
22
no
par
,17..
Jan
100
106
May
no
par
,
Year 1944
Lowest
Highest
$ per share
Purny Bakeries Corp
2,700
89
19*4
•18%
Lowest
No par
SIS
19
Range for Previous
Range Since January 1
Pur# oil. (The)
5% conv. preferred
100
:
33%
"•
STOCK
Pullman Inc
15.500
109%
YORK
EXCHANGE
Pub Ser El & Gas
'70
I 8.300
22% ' 23
NEW
'
ff-V
■
i
I
f/.f,::'.;.
:
63%
*108%
c
the Week
share
63
22%
109%
per
116
f
63
109%
I Sales for
-
Nov. 16
per share
.61%
Friday
--
„
"109%
109%
"18%
19
H,
116
6134
23
"108%
34%
♦115%
■t
63*4
62%
Nov. 15
S
«>.'■
-
'
f $ per share
share
per
STOCKS
Thursday
\
Nov. 14
2409
RECORD
PRICE 8
Wednesday
./,
Nov. IK
t:
63
63
22%H 22%
19
HIGH
AND
CHRONICLE
share
per
118
per
share
•
Highest
S
per
share
Jan
20
119%
Feb
65*4 Oct
10
37%
Jan
52 Y„
July
8
14%
Sep
18
Mar
x23
24
Nov
110% Oct
4
113% Nov
103
9
Jan
108*4
Dec
23% Jan
3
35
Nov
13
19%
Jan
24%
Oct
15% Jan
22
P 19
Nov
10
12%
Jan
16% Aug
10% Jan
2
16% Nov
78% Jan 15
n 7% Mar 26
90% Oct
8
69%
Jan
15 % Nov
16
7%
Apr
122% Nov
16
85 y«
Jan
107
Nov
15
41 % Oct
16
Q
Quaker St*t« OU Rel
Oorp^^LlS;:i
R
i
f
t:
14'8
if:
t
90 v
14
14%
•■"<
.,
16*4
114'4
106%
40*/2
15»4
90
13 Ja
i
15%
90
r
113 .4 114*4
106*/2
ii3*2.
I "106*i
;
15%
89%
1434
-
16 *4
901
>16 &
$> *89
14*4
113
.:•
15%
f
90
£?
-
90
14 *4
-
113*4
106%
106%
15%
<•
•,
119%
106*4
106*4
107
*40
120
40*/2
40%
40%
H 40%
40%
24%
24*4
24%
23%
23%
23%
23%
■H5* "37*2
37%
37%
"37%
37%
37%
37%
If
24%
24
124%
24*4
24%
24%
26*4
..
245h
49%
i:V
43
«.>•
24%
>;
83
i
28%
"23
}:!
t
i
124
.
81%
28*4
% 28*4
28*4"
"27%
39
'•
30%
12*4
25
25*4
13
27%
114*4
21%
21%
tf:
f,
21%
13%
109'/
28%
].:>
28 "4,
"I10V2
i j "20*2
28
109
28%
"110%
111%
20%
20%
20%
20%
38%
39
38%
39*4
45%
45%
46
46*4
104 %
f
39 s
i
s
47
*
104%
"104%
23%
23%
23%
i
14%
-14 fa
24 * S: 24
Uf
8
.27
111%
104'z
If:
27
27
-
-
s
14%
14%
24%
"23
8%
8%
8
Reynolds
39%
:
46
46
/■
'
104%
104%
104 7/8
23*4
29
4
15%-
"23*4
24%
f"-15%
23%
9
9%
"9cv<.
934
9*4
29
28%
28%
29
29
47
47/;
47
46
46 if.
30%
29%
30*4
29%
30%
26%
26%
27
26%
27 '■
28%
29
29%
x28
26%
26%
26%
26
'
v
<
<
Dec
15%
Jan
21%
Dec
16
32%
Jan
42%
Dec
19
27%
Jan
36%
Dec
7
5Va
Jan
13
Dec
90
Jan
155
50%
Jan
3.60%
19
29 ! ; Nov
16
18
Nov
18
Feb
24
Dec
14%
Apr
23%
87% Jan
18
Apr
21%
jui;
87
Jan
102*4
Dec
8
29 % Oct
18
10
Jan
111% Nov
16
85 *4
Apr
Oct
11
8%
Jan
Oct
18
46% Nov
8
2
22
2
40
,
Nov
'.••15% Nov
2
V-,
4.500
Ruppert,
Jacob
3,000
Rustless Iron A Steel
....No
21
5
Corp.
..s
29% Nov
10
I 48
Mar 26
Sep 22
v
May
39% Nov
Jan
5%
17%
Apr
9
Dec.
Jun
17 34
2
Jan
Jan
24% July
34% July
14%
jan
23
Fib
38%
Dec
16
27% NOV
Oct
11% July
Jan
25
26
30% Nov
19%
8% Feb
13
7
Oct
17% July 17
,
Dec
Jan
15% July
35% July
13
27
May 22
9% Nov 15
6% ■Aug .7
19% Apr
33
•
par
Dec
36
16
2
16% Jan
(The)
Dec
16%
100
28
;
7
.
10*4 Jan,
Co
88
5
24% Nov
105'
21
12% July
-Jan
5
99% Sep
Jan
23
16% Mar 27
1
•6%
63
107 % Aug
37% Mar 13
6erles.i.^j.l00 ;
Aug
13
31%. Jan
10
Dec
16
24% Oct
i
14% Jan
1
Apr
18
Jan' 2
98
'8%
99% Nov
Nov
115
2
15% Jan
•
16
*83% Mar
16
28 34 Oct
4 vr
11% Jan
6
8
13% Nov
22
102% Jan
.
Oct
32 % Oct
42
Dec
85 Yd Dec
11%- Feb
102% Aug 10
27% May
1
20
19% Jan
■
.No par
Co
Ruberoid
400
,t
23
Oct
.
3
7% Aug
1
H
Mfg
July
Jun
85
5
15% Jan
Oil Corp
No par
Company
No par H.
Antelope Copper Mines
Royal Typewriter
1
1,900
•,
34%
137 p Jun
22
99% Jan
Roan
45.800
.
28%
"46%
18
Feb
Richfield
200
47
12% Feb
28
27% Nov
3
22% Jan
i;
1
Spring
(R J) Tob class B
Dec
7
8
Rltter
15.100
.
29
"45%
Rheem
2.700
22% Jan
1
conv.preferred^,.*^... 100 ■;
Preferred
1.000
c
15%
23%
>
10
25
Commons
80
I
23%
23%.
'■
47
)
28
1 <■26*4
9,300
39
"14%
24% *
Reynolds
20%
46
.
23*4
14%
14%
46
104%
•
-1.400
20%
5% %
33~%
28*4 Jan
Nov
45% Jun
69% July 26
17
Jan
3
No par
100
60
Dec
29% Mar 19
5
11% Jan 22
102% Oct 16
No par
100
2.6C0
July
10% July
107% Jan
'
Nonpar
Mfg Co
27%
20%
39%
39*4
.
26%
12
80%
50
30
Mar
8% Apr
:
38% Jun
2/
36% Jan 31
lou
Copper & Brass
5*4% preferred
Reynolds Metals Co
'70
•25
7
1
lii% 111%
111
20*4
107
43
100
Revere
13.100
H
5
—
Repuollc Steel Corp.
;
6% conv prior pfd ser A
3C0
.
23*4
107
-
.
27%
111
■
23%
"23*4
29'/a
29
V
104*4
23%
■i
'
8*4
"46
f
104%
24
107
107.'
"110%
4
If
I I
109
•
20%
| if "45 l
If
"107
111%
f
387
"107
Hosiery,
Motors, lac
Republic Aviation Corp
21.100
114
.
50
Reo
45.100
27%
27
2nd
Remington-Rand
7.2C0
-
19% Jan
non-cum
Preferred with warrants
25%
Mar 26
34% Jan
50
Reliance
100
Aug 11
50
(Robt) & Co 1st pfd
Reliable Stores Corp
4,000
July 18
16
25 H
preferred
2
33
Hi
1st preferred
Silk
Jan
103
par r
1
Rels
900
31*4
"113 >r
21%
'
^91;,;".
100
No
Preferred
30
102 *'>
13*4
12%
26%
114%
26%
'
H
40
?•;
24%
.
320
<29
30%
115
21%
105%
Real
1,900,
;
•
pfd
Inc
non-cum
4%
100
82
•101%
12%
26%
*39
31
102
24%
"114*4
40%
30%
*101*4
r '•>
102
24*4
22%
jf4
"38/
39
i
30%
27%
"27
H:
•
26 ;>
105%
I
44
-
4%
'
1 "107
S
81%
82
"101%
115
21*4
22%
105%
81%
12%
26%
113%
22
105%
25%
12%
27%
113%
27
"112*4
! V-
•
105%
i
30%
24%
24%
12%
•43*4
25%
100
Reading Company—
100
:
preferred
; p: $2 preferred
8.400
1
■
_l *
'um
Purina
Rayonler
700
/.
preferred-
Co 3%%
ttaybestos Manhattan
700
-
4,600
r
•48% :>5Q;<
44%
25%
82 «
102
"101%
102 ;
26%
"43%
.25
40%
30%
30%
3038
i "101*2
I i;
24%
|f:
iil.
"39
40*/2
"39
| v;
f
26
.
105%
28
>
'
37%
:25'4
84*4
28
37%
:.
23*4
conv
Ralston
'
40*4
25*4
106
82
'
\
40
23-
"
-
50
"48%
44
"43*4
25%
"103%
106*4
-
fV* 83
:"c
"48% ISO
44
25
'26
"104'.4
4
"43
"40
"48% <50
43
49'a
•
310
6%
Nn par
No par
Ainer_
1st
conv
Kadio-Kelth-Orp
5.250
107 %
Corp of
$3.50
107.600
122*4
•106%
38
;■>:
24%
Radio
900
■'
'
;
I
:
15%
Iff115%.
15
114 f
■
89'
<
tPirP
\'
k
l
i
26%
26 74
;
:
*113'4
114%
i
ll5a
11%
——
■
•
26%
*113%
11%
1N4
85
——
88%
53% \
.52%
26%
113%
11%
— —
—
51
26%
113%
——
—
—
88%
86%
51%
50%
49 74
49%
11
"11%
86
26%
113%
<
88
<110
8.200
>91%
i 106%
10
Schenley
29.000
Distillers
Corp
108
*59
61
*110%
*ni
31
66*4
il
31
if
66%
11*2
38 74
23
nr
if'
83
-
21%'
■
,'v
— —
^
•
30
30%
66%
65%
66%
32
27%
ii%::
11%
37%
22%
22*4
;
113%
113%
•112
13*4
12%
25%
97%
—-
.
——
.
45
67%
32
*67
93,8
39*4
44
43%
—
43%
17%
18
54
54%
18%
19*4
18*4
23*4
23*4
*22%
23*4
84
86%
83%
85
36%
36%
36*4
36*4
16%
17
16%
82% -84%
——
37
"36%
——
16%
16%
5
——
5%
52
177%
"36
177%
36%
36
22%
22%
22%
53%
55%
52%
54
55%
19%
19%
9%
9%
9%
■
——
*90
15
44*'4
35
19*4
19%
94%
95
55*4
-
45%
45%
43
32
2.000
60%
48,700
Southern Natural Gas Co—i—7.50>
Southern Pacific Co.—No par
54
:
9*4
34
H
82
'
57%
84%
90
90
19*4
19*4
19%
9%
9%
8.800
'
9*4
'
15*4
15%
1.600
91%
91%
43%
43%
34%
34
34%
6.900
*82
83%
X43%
83%
19%
18%
19%,
19
19%
19%
19%.
5.9C0
95%
96
97%
97%
97*4
97
99%
440
55
55%
55%
57
58
59
I
300
"125
105
106
110%
110%
110%
x4454
:
♦125
106
"114
18*4
108
111%
45
'83%
112
750
44
Standard
3.500
43%
44%
114%
113%
113%
113%
113%
400
19%
19%
21%
23%
27%
144.300
44
'
preferred
Squibb (E R) A Sons
$4 preferred
800
111%= 111%
'
preferred
17
114
115
17%
21*4
Brands,
Inc
111%
♦110
110%
"109
127*4
128
"126
126%
124
:f 109%
125 fi
43*4
68%
X66%
67%
66%
68%
26*4
25%
26
68'4
68*4
,
108
26
26%
25%
*107%
107% 107%
108
18%
18%
18%
18%
18*4
40
40
40%
40%
40
43%
46%
46%
42%
43
112%
46%
*107%
18%
♦45
18%
42%
X41%
41%
105%
"104%
105,%
•104%
105%
22%
22%
22*4
22%
22*4
25*4
25*4
25
,25%
24%
24%
21%
21%
21%
18%
21%
18%
21%
*24%
21%
18%
18%
t 29%
29%
28%
29%
70%
:
7%
7*8
7%
,20%
207/«
19%
20%
28'4
28%
28%
29
42*4
42%
v
♦104%
22%
22%
.
of Ohio
(The)
1.300
18%
18%
20
21%
21%
25.000
Stone St Webster
28%
28%
28%
28%
29%
12,400
Studebaker Corp
70
71%
71%
•122
124
122*4
122*4
f X7%
7%
'H.;- 7%
19
27%
.124
7%
73%
"122
7%
8
"f
:'j 1,100
HII- 10
20%
20.900
28%
28%
6,200
125
127%
37
37%
38%
39
39%
39%
39*4
39%
39%
39%
50
"46%
49%
50
*do
128
;>
37%
*39%
f
50
128%
1.600
37%
6.400
39%
28%
Apr
7%
Dec
Apr
35 %
7
IS
Apr
10% Feb
Nov*
16
35
Sep
(The)
Jan
23%
Jun
13
29%
Feb
64%
Dec
16
23
Apr
31%
Dec
12
Jan
6% Nov
24
It
14% July
5% July
Oct
15
7
32
53
.
20%
28%
Aug 28
Nov 16
37
2
3%
Nona
179
4
141
22%
Jan
Dec
21%
Jan
Jan
45%
162
Apr
26%
Deo
Dec,
Dec
Oct
20
23% Oct
18
13%
Jan
17% Aup
60% Nov
16
23%
Jan
43%
Det
57% Nov
Jan
34 Ye
Dec
Jan
69
Deo
54
Jan
82%
Deo
Nov
2
12
Nov
13% Dec
Oct
10
7% Aur
16
4% Jan
5% Jan
95
Sep
14
55
8
28
20
10
;
2
2
Feb
20
40%
17
44% NOV
24
■
16
90% Oct
15% NOV
5
7
84% Nov
22
22
Mar 27
v
12
9
Jun
75
Deo
35
Dec
48
Sep
Jan
13%
Deo
Feb
79% Nov
Jun
20
16
36% Jan
36
I
Nov
16
Nov
6
7
99% NOV
16
20
50%
H
Feb
May
22% May
83% Nov
•f
24
9
10
59
124*4 Oct
18
110
Jan
106
Nov
13
57
Sep
112
Nov
46% Oct
19
29% Nov
15
111% Jan
2
27*4 Nov
,
116
67*4 Jan 23
56
Jan
Nov
110
43% Nov
13
68% Nov 13
Oct
27
,
64%
Dee
Dec
Feb
Jan
Hi 2%
16
8
38%
115
27% Dec
Nov
33%
Feb
40%
Feb
„
129% NOV
9
> 47*4 Nov 13
24
,19% Aug 20
33% Jun
115% Aug 23
2
2% Jan
34%
•
Sep
31
Sep
50% Sep
18
1
107% Nov
9% Jan 22
Aug
2
34*4 July 26
101% Sep 15
19% Oct
1
1
45
Nov
16
45
Oct ;: 9
107% Nov
34
•.a
104% Nov
22
23*4 Oct
10
2
25% Oct
10
18% Jan
2
22
Oct
8
21% Nov
30% Sep
73% Nov
18% Jan
?v
Jan
11% July
•37% Dee
57
119% Oct 31
5% Aug
20
/
10
Mar
-•i
22
Aug 21
9
Jan 22
31'
Aur
11
17% Jan
2
17% July
13% July
16
7%
28
13%
Apr
Apr
20% July
16
54
Jun
64
Oct
127*4 Mar 24
121
Jan
128
Oct
-
Nov
16
20% NOV
10
8
:
I, 30
j 1
25
9% Feb
Feb
2
Aug 13
11% Jan
15%
10% Jail 24
-
6%
28% Jan
3
Jan
10% Jan
16
-
I
;
31
107% July 27
28
Jan
2
100
12%
18*4
Jan
17% Apr
2 3
No par
Apr
22
86% Nov
,
33% Jan
1
Jan
13%
5
37% Jan
1
No par
Dec
42%
6
109% July 3
58
Jan 20
v
16
40*4 Oct
22
12% Mar 27
25
10
Sep
31% Dec
23
19*4 Mar
Apr 20I
Jan
24%
Oct
24 *4 Jun
25
Corp
Amer
2
3
10
15
44% Nov
2
No par
pfd (4%%
of
Sep
May
2
«?wa»,t« no
19%
28%
20%
10% Nov
42% Oct
23
600
20%
27%
15
32% Nov
;
2
78% Jan
200
78.800
20
28
Class A
Dec
Jan
76% Jan
No par
(The)
Sun Oil Co
Sunray Oil
61%
38*4 Jan
cum)——100
1
Sunshine Mining Co
10fl
Superheater Co (The)——No par
Superior Oil of Calif
25
Superior Steel Corp
100
Sutherland Paper Co
10
20
125
353i
"48
73%';
125
Jan
47% Jan
5
-100
Corp__——5
Stokley-Van Camp Inc—
1
5%
prior preferred
20
18%
70
48%
27% Jan
Sterling Drug Inc common
3% preferred
21%
9
7% Jan
Stewart-Warner
X283,a
i
L 8
7,500
21%
35%
Oil
preferred series A
5.600
42%
105%
21%
122%
2411.
3%%
Starrett Co
4.700
33%
page
of Calif
Standard Oil of New Jersey
Standard
Ocf,
70% Nov
32
-No par H
—-No Par
j—No par
Standard Steel Spring
24%
122%
see
Oil
15%
July 23
Aug 21
80
1V.
Standard Oil of Indiana
1.500
24%
33
footnotes
'
Standard
7.600
'
25
124
For
4.900
100
19
45
42*4
124
20.800
<
108%
45
22*4
7%
26%
18%
*104%
70
*107%
'
46%
22%
42
25%
9.400 4
14% Mar
76%
25 % NOV
6*4 Mar 27
pref—No par
j$6 prior preferred—.—.—No par •"
$7 prior preferred
No par
11.6O0;;
68*4
67%
\
A
108% *■'
42*4
•122
43
78% Jul j*
Jan
11% Jan
$4.50 preferred^.—^—par
800
18% July)
Jan
9%
80% Jan
100
Dec
May
11% Sep
32% Jan
Standard G &-E Co $4
1.100
47%
42%
;ii
105%
70%
1-
129%
'
22*8
124
115 i
125%
63%
July
72
64% Jan
No par
100
No par
Square D Co
5% conv preferred
2.200
106
103%
Railway
non-cum
$4.50
17
9
7
38% Jan
Mobile <te Ohio stk tr ctfs
100
Spalding (A G) & Bros Inc
1
Sparks Withington
No par
Spear St Co
—1
$5.51 preferred
No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)
1
Splcer Mfg Co
No par
Bplegel Inc
—2
Conv
"125
♦105%
111%
26*4
50
5%
I j;
1.0C0
34
82
.
10
46%
•38*4
10
15
*35 '
•104%
:
;
8,500
2,700
'■
92%
43%
14%
'
Southern
1.300
x46%
*
r
84%
■<42%:
33
.1
92
HI- 9
\r
34*4
84%
56%
84
*90
19%
14%
92%
56%
80%
H
;
'
13
7
Oct
Dec
V
8
26% Jan
25
22%
113*4
67%
♦121
Edison
Southern
22%
59%
43%
70
California
4,000
22%
36%
.
24%
10
40*4 Apr
155
5.
"
20% Aug 20
5
100
preferred
Feb
25% May
8% Dec
79*4 Nov
4% Aug
1
Am Gold & Platinum
16%
-
21% Nov
48 % Jan
15
Jan
27
25% Nov
100
29% July 27
13% Jan
2
59*4
36*4
47*4
•122
8%
Jun
i
14% NOV
15% Aug
9
22% Jun 22
^
Sep
2%
18
20
22
18%
;
Iron
52%
46*4
21%
St
20%
7
56%
Southeastern Greyhound Lines
10
16
Nov
18% Nov
South Porto Rico Sugar....JVo par
•H
Jan
5
23
30% Feb
22%
42%
'
52%
/ 175
37 I
36%
110
7
14% Aug 22
2,700
32
52
*170
46%
42
Steel
8ocony Vacuum OH Co Inc
South
Nov
41 >4 Jan
1.900
31%
51%
174
;H 43%
"107
X
31%
51%
6
115
Jan
15
preferred
No par
Smith (A O) Corp
-..I—10
Smith & Corona Typewriter-No par
400
Feb
108
.114
■h-
5%., Mar 36.
$1.20
3.8C0
109
2
40
May 15
32% Jan
Net par
Corp.
Sloss-Sheffield
210,600
174
24
Dec
45% Nov
13
25% Oct
12% Mar 27
13% Jan
5
37 % Mar
Dec
29*4 Nov
>
3
15
109%
Aug
' ^/•lriNovt^;
8
22
74
;
9%
Jan
67% NOV
23
Jan
■59
8kelly Oil Co
6%
6
Mar
16% Jan
78
H
26
•i
Sinclair. Oil
3.000
85.900
59.400
34%
45%
I
—No- par
—Na pvr
Slmondo Sow. k Steel
18*4/
5*4
•
Jan'
32% Nov
:
17% Mar 26
No par
King Coalition Mines
56%
16%
19*4
*13%
55*4
£
-No par
No par
...No par
Simmons Go
17%
,
7-
35% Oct
No par \
(Frank G)
55%
16%
128
46%
"
16%
43%
45
20
i
■
18
55
811 vee
.
600
45
X16%
110%
115
18
113*4
*43%
1
31
'
No par
(W A) Pen Co
Shell Union OU
5.800
36%
105
110%
"114
"127
45
41%;
36%
43%
55*4
"103% .110
110*4
40%
83*4
53%
*85
"134
Corp
Sheaffer
37,100
37
44%
-
Steel
Shattuck
6,000
10
18%
55*4
"134
40%
32%
95
—
—
6%
32
84%
34%
84%
10%
*36
43%
■immm
32%
84
80%
19*4
I.-:
,
-7
105
2
113
1
No par * •Il07% Oct
;
-7% Sep 26
- •
Sbarpe & Dohme
$3.50 conv pref ser A
•
30
68
32%
4'^-r
4,000
84%
*82%
44*4
34%
*67
68
•->
1,370
92
-
»
i__l
$5 conv preferred
4,000
?
.
•I> -H
w
21%
61*4 Nov
114% Jun
22*4 Aug 21 t
par.
53
■;
92%
*85
——
84
2i%;
f
115~% Dii
Jan
7
Feb 23.
.
3
-30*4 Oct
No pur »•
new..No
Co
94*4 NOV
65*4 Oct 3l:
8
&
r
16
;
111
23
% Feb
108% May
100
Corp
Roebuck
Sharon
3,500
*90
14%
*14
—' f!
92%
-•
24%
*80%
19
X52%
9
i
$4,50 preferred
2.700
23%
36%
S
51%
x42
27% May
110%
9
Oct
13
:
Shamrock Oil It Gas....^.....^.«l
••.?!• 380
18%
51%
36'4
-
23%
"
21%
17%
177%
*22
"v
-
97%
23
X79%
19%
9%
95%
19
55%
*19%
f
I
25% '
-'25%
w
Servel Inc common..
11.300
23*4
82%
82
81
92
;
v
Sears,
30
13%
18%
*22%
92
54
■
81
"90
."
23%
54*4
31%
51%
*174
36%
22%
53*8
"82%
112
5*4
X31%
52%
*174
53
52%
;> r
Scagrave
7,500
16%
5
32
31%
31%
31 %,
"174
17%
54
53%
5*4
5
m—
17%
N
>
'
18%
23'/a
"13%
23%
-
13%
83
■
*43%
17%
"85
23
40%
4S
5414
19*4
—
\
3.100
2.000
9%
19*4
,
'
?
10
40%.
23*8
;•
23%
21%
*67
32%
31%
10%
41*4
25
•'4
61.600
112
97%
*79
68
17%
.
..I":
preferred series A
Beaboard Oil Co of Del
23
.
22
•109% Nov
i„_No par i
w
5 7c
1,100
37%
Line ctfs
Seaboard Air
6.900
<
,<v-
16
Oct
41% Aug 31
xl05% Jun
'
21%
21%
9%
'
—
*79
21%
39%
— —
•MM.
23% :
83 :
23%
24%
31%
——
?
:
<
37%
13%
*97
'
31%
s
Nov
28 H
115 % Mar
8 % Mar 27
..No par
$4.50 preferredM.~M~...M.JVo par <
$4 preferred
No par
300
<;■•,V.-
■
vl'1% rn%
113%
25
98
54 "4
if
.
'
13
24%
24%
,98
.
82
21%
67%
'm"*
-
41%
*44
'
-
preferred
Scott Paper Co
50
67r U f-671.
,i29.Y, tr 29*4
"
22% *
.*112
13%
*79
——
•
Hi!
59
■'
30%
23%
23
29
5 */a %
u
110%
:
38
28
-
■
11%
37%
24
•
10%
9\
■f
?t"'
27*4
11%
37%
24%
.
"t
♦111
'
A*'*.-
30
12
97
—
——
•
——
69'4
*41
I:
\
24%
24%
.
"65T4
28%
12%
98*4
21%
69%
31%
V.
29%
66%
38%
*112
——
S.
110%
'
*79
-
59
110'/a
♦111
30%
22%
13 74
98
U'-'
t
ti '
—-
25% <25%
.
4',
59
110%
37%
•
23%
113%
if i'1*112
if i" 13%
59
112
*111?
—
11%
28%
11%
38%
*28
V
1
*110*4
109
'
—
'29%
66%
28
H
—
— —
60%
60%
111*4
"111
—
*107%
*107*4/109
60%
*59
——
!•: *110% 111%
H
109
*107
—-
—
56
23
19*4 July 27
110*4 JUly 25
2.50
• 00
'
*107
Jan
37
.
Safeway ■ Stores^../•
6% prelerxed^mJLm^-mimLlmPlOO i
Savage Arms
^.5 <
6,000
12%
90
*106
Bt JOSeph
11.700
•
113%
12
89%
56
26%
26*4
113
12 "f'
11%
88%
53%
55
26%
113%
26%
114
Oct
,
*
8
>r
1 'v
■
38% NOV 15
41
Oct 15
bi.%
iw(
i
.10
12%
Dec
Deo
5%
Feb
5%
Jan
10% July
17%
7% July
Jan
25%
86% Nov
84%
Feb
19%
Apr
36
Deo
29
Sep
3«
Dec
Jan
20%
Bep
8%
Dee
/;•
/ :r-v.-
COMMERCIAL & FINANCIAL CHRONICLE
THE
410
Monday, November 19, 1945
i
RECORD
NEW YORK STOCK
•itarli7
S per
16
58
-
50%
61
13%
6512
7%
61%
i-V 18%
16%
•4.701
108
58%
59
9
59
9
51
29%
27%
28%
28%
30%
30%
31%
53,200
17%
16%
17»A
17%
19%
17%
18%
27.200
52
51
52'A
52%
101%
*101%
*101%
13%
13%
13%
61
11%
16%
110 Va
13%
14%
5.000
60%
11%
12
500
17
17
^500
*
65%
*64 %
111%
65%
64%
48%
60%
38%
64
66
25%
25% '
26
34
48%
47
106-%
*105
15
106%
15%
14%
58%
22%
5,400
2.900
430
16
14%
Feb
29%
20% Jun
20
8%
Feb
16% Nov
30
54Va Jun
22
17%
Jan
35
25
Oct
6
12%
Jan
24% July
44% Mar 29
GO
.Oct
5
50%
Feb
16
Oct
26
5%
Jan
104
Oct
15
81 Va
Oct
94
Dec
7
Apr
10%
Dec
l2y«
Dec
9% Mar 27
14% Oct
15
53% July 24
10% Alig 20
61% Oct
*26%
•
9%
112
112
Jail
22
49%
23%
23 Va
23 VA
22%
23
22%
23%
74
73
73%
72%
72%
73
24%
25%
24%
24%
24%
25 %
25
.
9
14
Nov
18
61% Jun
Jan
5% Aug
18% Mar
34
Dec
13
Feb
17
July
7
25
Jan
38*
1
43%
Apr
52% Aug
22% Nov
2
2
7
Nov
15
Nov
Oct
8
107
22
50
.
66
Dec
Apr
Mar 26
8 Va
Jan
11%
Dec
15
19% Nov
68% Nov
7
Jan
10
17%
Apr
29
Dec
18% Jan
2
27% NOV
7
12%
Jan
6
5.- Jan
Corp..-——.—1
preferred————No par,
Corp
——No par:
Tubize Rayon Corp.;
—1
4%% preferred
100.
Union Bag
48%
Oct
110% Nov 13
26
2
Jan
13
103.,/
86
5.100
49%
49 %
Sep
8%
8
Dec
Dec
11% Nov
Jan
20%
Dec
Dec
102 %
Dec
Feb
28%
DeC
29
7
21%
28%
.
.5%
105%
Jan
15% Mar
102
Jun
39% Nov
49% Nov
7
■May 22
106% Jan
13
3
15% Nov
13
5%
Nov
15
68'%
Jan
9
49% Nov
15
3
24%
Nov
7
~8%
Jan
15% Dec
77
Oct
19
51%
Jan
80
34 Va Mar 27
102
■9% Jan
142
112% Sep 20
Oct
42
.14%, Jan
————j
85
18% July
.3% Feb
15
37% Nov 46
108
3
Mar 21
26%
Nov
:
14% Nov
18% Mar 28
torn Jan
Cen Pox Film
13V
v NOV
10
112
10% Mar 22
Truax-Traer
25»/4
49'A
13% Mar
Jan
10
Underwood Corp
49%
Jun
2
.Air Inc.——__5
k Williams St'U—-No par.
2,100
48%
Jan
32 Va
50
731/4
49
4%
11%
8
34Va Jan
Twin Cogch Co—
20
July-
9% Nov
17
16% Jan
2.100
11.900
15%
15%'Mar' 1
.
2
Tri-Continental
20th
58
17% Oct
31
2.330
6,000
144
*142
142
20,200
106%
14%
15%
Transue
Dec
66% Nov
101
Corp.*—No par,
81.50 preferred—No par
.84.50 prior pla—
No Par
Twin City Rapid Transit.,—No par
2nd preferred .'—
,—100
.3% conv prior pfd————50
48
48
*105
15%
6.900
38%
38%
47%
106%
142
37%
110%
♦108
38%
J
47%
1.900
35%
35V2
260
14%
14
14%
110%
400
40; 100
10
111%
9%
9%
--'V.
271/4
Dec
3
Jan
4 Va Jan
Transeont'l & West
26%
Dec
" July 17
106% Oct
2
Transamerlca Corp—
6%
15
Bearing—.—No par
7.000
23
23%
31% Nov
Thompson-Starrett
3,000
47%
46%
23%
37% July
8% Apr
6
X93% July 19
Tlmken Roller
36,000
73%
44%
Apr
13
18%
38
144
*139
140
140
140
Feb
32%
45
65
*105
15%
15'A
Sep
4%
1
25
18%
33%
106%
47%
4*%
14
14% Mar 31
1.900
30
8%
Jan-
19
Corp-No par.
—
50%
Oct
com— No par
—-
63%
34Va
47%
*104
(J R»
18%
*108
38 Va
37%
38%
38
38%
-
110%
*108
Third Avenue Transit
Oct
12% July
9% Feb
30% Jan
—-——100
Thermoid Co common
,»>—a—-1
$2Va div conv preferred
50
Thompson Products
4% preferred
Jun
8%
Jan
Aug 21
13% Jan 22
preferred
Thompson
8%
Jan
4%
10 Va Mar
51% Nov
2
18 Vs
No par
No par
preferred-.
83.60 conv
7
Dec
2
100
The Pair.—*
8
5j% May
2
*
36% Jan
:— 1
Land Trust
JPaclfMc Ry Co
Texas Pacific
63%
UV/4
34%
33%
110%
47%
,
9%
13%
13%
35%
•108
Coal & Oil—
Texas Pacific
•
48% Jan
6% Jan
1*
No par
10
Gulf Producing—
Gulf Sulphur—
exas
26'A
/
*110%' 111%
14 3a
14 Va
14%
35%
110%
■'
9'A
10
111%
60
.
-25
iThe)—
Co
Tjxas
63
18%
67%
9»A
8
18%
18%
67
26
Oct
2,300
107
106%
18%
•
110
Apr
105% July 26
62'/a
106
/«
15
48%
100% 106%
49%
49 %
62%
62
61%
1.400
65%
112
58%
22%
49
21
16% Nov
106%
58%
22%
*110
106%
19
10% Jun
2
61%
57%
22%
61
11% Oct
3
48%
22
48 Va
16
106'A
8%
59
22
8%
7% Jan
7% Jan
11% Jan
(James).
raicoti lnc
61%
8%
55%
22%
8%
9
Telautograph Corp—
8
'■•'•MMXW Corp...
'*•- —
"
Tennessee Gas & Trans 3% pfd_100
48%
9
56 '/a
22%
8%
*9
i.100
Co....—No par
$3.50 cum preferred
Nt par
Tide Water Associated Oil— —10
$3.75 preferred —,-L
No par
Tlmken Detroit Axli——-—10.
55%
.
210
-
110
110
11% Oct
6%
61
♦110%
8%
110%
37%
300
17
*11%
16%
2
590
15%
101%
•15
11%
61
60%
Jun
7% Jan
59
13%
60%
Jan
33%
58%
15%
101%
*16%
64%
33%
Jan
29
Thatcher Mfg Co—+—*—par
58%
14
Dee
Apr
27%
1.300
*101'A
101 a,4
93
26%
23%
24
rrvtjSiA
1
4.700
15%
pet share
7
23%
57%
Highest
share
per
9
6 '
31% Mar 21
Ltd-—-—
53%
15%
-
38% May
39% Nov
30^a Apr
28
—-
Swift International
Texas Si
57
56%
*15
15 r«
S
share
per
8
Swift A CO
Sylvanla Elec Prod's Inc
No par
Symington Gould Corp——-——1,
51%
53
*23%
24%
*23%
24%
58
*11%
111
47
3.600
50%
17
65%
68%r;68%
*25%
26 V«
"■
9
9%
35
190
51
50%
$
share
39 % Nov
5.800
21.7C0
9%
V,' 9
"•
9%
^
12
■V
*108
107%
58
9%
61
18%
*133
,16%
/ 108
64%
49%
6l%
13%
16%
110 %
22%
105%
*104
16%
107%
50 Va
*16%
8
'
84%
14%
2.900
*60
110'/a
111
9%
12
109 Vb
49'/a
1.000
9%
49%
13%
12
16%
11%
9%
51%
*101
61%
12
10%
9%
.59
58%
.
9%
24
13%
22 Vs
108 Va
58%
58
101%
105%
*107%
108'A
*15%
15%
52%
16%
10%
50%
23%
•64
16%
15%
11
!
18.400
11%
11%
17
59
13%
?
9%
37%
27%
17 %
15%
9%
3.200
39
38
31
11
Year 1944
Lowest
Highest
■
50'%
51
♦101
11
9%
16
50%
23%
11 VA
58
29
*58
•11
X10%
9
28%
17
38
11%
37 %
,
9
*50
7.000
$8%
t per
Par
3.600
39
11%
108%
58%
t8'/a
33%
38
9%
108 %
108 %
33 Va
38
33%
10%
9%
? 16 Va
9%
.
33 %
*38%
x32%
11%
10%
*10%
38%
33
38%
33%
share
Lowest
:
38%
38%
38 %
11%
Shares
8 per share
$ per
32%
39
:'v*v Not. 16
share
38s,i
33%
11
*
share
per
14
Range Since January 1
EXCHANGE
the Week
t per
$ per share
38%
38%
*
%
share
38•s
.33
Nov.
Range for Previous
:;>'"w.:jbtocks
NEW YOEK STOCK
Sales tor
Friday
Thursday
Nov. 15
Wednesday
Nov. 13
Nov. 12
Nov. 10
balm/rices
low and mam
Tgeidty
MmIw
85
Jan
35%
Jan
105%
Dec
Jan
9%
Dec
Dec
118
Dec
U
73%
73%
99
*112
>\
24%
~V 99%
113%
24%
113 %
*112%
24%
25
149 %
150
110%
36%
'<*•*
•
'h
(•-
•77 V,
78'%
mm
25%
25%
mm
27%
12%
48%
115
115%
23 V2
23%
:
29.400
f;
52%
14.400
36 »/4
1.2C0
36%
23%
%
is,
■
7,300
United
2.100
United
26 Va
12%
12
80
80
80
16%
16%
47%
17
2.600
United
47%
8C0
United
115%
2,900
United
Fruit Co
3,200
4.100
United
47%
22 Va
221/4
22%
22%
39%
38%
38%
39
39 %
114
110
*109
9%
23
23%
;23%
*190
v
;
195%
'>/:
24%
23%
5
25%
103%
*190
31%
*190
64%
51 Va
64%
51
51
10
10
;
65
-
10 »/4
35%
36%
14%
14%
Co..
—
U S
U S
13%
13%
13%
13%
*10%
10%
10%
10%
50%
'•
52
•vY:
r
—
51%
mm
*61
J-
~V.
•
•
50%
51%
65
61
43%
-
43
'il*-
43 ya
42
4%
;
3%
5%
68%
69%
.aiV;
169%
s-'r'
88
*86
79%
K
7%
7%
mm
117%
;./v':-:
7%:
*7%
:m'
•
7%
IZVb
22%
7%
■
—
7%
*47
/-
;
*86
80 Va
8G%
159
I
7%
12
11.600
mrnm
200
•195
36'A
19%
50
50
18
Vs
mat
18%
'c ■'.
♦95%
100
*98
7%
*48
95
'?•
*
.
.
•
39 •
«*•*
200
*68 Va
70
*123
-
y
28%
r
28%
20a
200
♦10%
.r
footnotes
c
—
see
100
6%
68
'.'mm
48
17%
38
•:
6%
.
/
17%
.79
70
-
99%
•100
'
..
;rv-
68
124
*.73/
2411.
*65
100
•
124_
mm
page
71
99%
__
36%
6%
*67
'i:
35%
>
37 f
6%
:
68%
124
124
.*73
;78
■
*65 V"
-100%
29
19%
19%
-
17%
67%
100%
30%
19%
:
•100
.—
17%
67Va
*65
*99
*100
49
17%
V
j
5.700
.
^
:•
10
37%
1.300
6%
7%
19.000
71%
-" '< 700
*67%
69
125
*73
78
<
*
.0
<70
•122%
*73
125
78
nwfprrcd
p«.
Universal
...^..lOe
40
v Nov
13
1 Va
10
31%
Apr
42 Yt
Dec
Nov
7
12%
Apr
17 %
Dec
Feb
11% Aug
27
8
Sep
18
26% May
36%
Dec
120
Oct
15
75%
91%
Dec
24
Nov
9
20
6
45%
8
105% Nov
Ry
8
—
9
Mar
110
19
10
27% Nov
107% Oct
i,;6%
6%
El
11%
A
Pow
preferred
$5
p'ref
A Coke 5 %
15%
Jun
109%
Dec
4
Feb
7%
Sep
7%
Feb
Mar 27
.
12% July
Jan
21%
Feb
70
Mar
88
Jun
170
Jati
186
Dec
42
Jan
34%
Apr
14%
"10% July
8%
15%
Jan
Oct
51% Nov
43% July
"
5
2
Jan
9
Dec
28
16Va
Jan
33%
15% JutL 25
5%
Apr
9%
Sep
2
11% Jun
11
8%
Jan
10%
Dec
2
56
Oct
9
30%
Apr
$7% Jun
61%'Nov, 14
44% Nov
7
40%
Jan
48 /
35
38% Jun
Jan:
.
Jan
,
Dec
_
•46/: Jan
2
'27% Jun
15
.
6Va NOV
2% Mar 25
5iy2Jan
.
; Jan
52
72
Jan
46
■
Sep
13
Oct
18
130
76% Nov
16
18
48%
82% Oct 19
•
18
50%
Apr
xlI9%
Jats
22
May
Oct
89
166
Nov
,
7
69
10
6
44%
Apr
Jan
Apr
Jan
24
8 % Oct
26
23
'"12% Nov
8
2%
98 Vi Jan
.
5
117% Nov
7
16
•
Jan
5%. Jan
178
,
2
32
Jan
•-
68
Apr
16
162
Mar
;
9
Sep 14
Jan
22
Dec
18% July
'6
July
41% Dec
81%
176
Dec
Nov
Jan
23% July
62
Sep
18
Dec
4t%
Jan
51
OCt
85
Dec
14% Nov
15
63%
70
Jan
Feb
2 TVs
Jan
3%
Sep
5 V» Mar
Sep
62% July
39
59 Va Jan
106%
26
8
57
Dec
4% Nov
'SY4 Oct
Jun
101
118
'
27% Aug
48%
100% Nov
24% Jan
.100
Dec
63%. July
138% Dec
Jan
Oct
28
18% NOV ' 9
Nov
9
71
20
3% Mar 27
61% July
78
12 Va May
9
90 Va Jan
■
Dec
54% July
150
Dec
9%
13
50% Nov
/
Nov
17%
<9
Nov
20"
22
*4%
13
33%
2
6
48% M4y 22
86 Va Mar 26
Jan
19
Nov
36% Nov
Mar 27
13% Apr
31
09% Oct
200
Mar 27
21% Jan
13
Jan
•3"% Jan
Oet<22
50
.
Jan
14%
8% Oct 23
23% Aug 21
■
76
Oct- 17
24
2
39 r> Jan
5
.75% Jan 24
.
.
Dec
Nov
'2%
4-
jan
May
50% Feb
32-
5
4% Jan
.
Feb
40
176
2
£8% Jan 24
135% Jan;
2
? 23»/a;Aug
7
.
Feb
73% Oct, 19
6
144% Jan.. 6
.100
.100
'.
pfd— .100
Oct
Jan
7% Jan 23
5 *
Works*—--—
Chemical ;
No par
div partic
Va Iron Coal
Dec
9 Jb
preferred—. .100
non-cura
11%
Jan
2
195'/a Oct
30% Mar 26
.
Victor, Chemical
Va-Carofina
78 Va Aug
Apr
Jan
98%
10
23
Co. -6%
Co—
Vicks Shreve A Pac
5%
Sugar
1% July
Jan
48
.
.
13
5
16
-10
—
Vertlentes-Camaguey
Vd
i
28
24% Nov
par
Raalte Co Inc.:
Oct
•
17% Nov
50
2.50
Norman Co
'j
—,
503/4 Nov
24
Inc.*—;—1.
/.
28.,
—
7
Pictures Co Inc..—...1 /
Vick Chemical
*36%
♦122%
Laboratories
Preferred \——^—v-^No par
Leaf Tob—
No par
Van
6%
Jan
10% Nov
10
^100;
Universal
400
36%
22
88% Jun
par;
Vanadium Corp of
6 V2
5
16
77,. Jan 22
180% Jan 17
U S Steel Corp
Van
36%
Nov
11% Nov
7
Ref A Min—50 ;
Preferred 1
-—1—-—-—.'—50
1,900
7.300
33
25% Nov, 15
16
U 8 Smelting
5.700
~60
V;'
v
20
70% July
5
Jan
•16% Apr
Universal
,
36
< 49-
49
*47
17
35%
28%
;'28%
19%
X48
.
100
;
37%
■
■ mm
mm
A
79
For
''r.i
mm
.
124
•73
18 Va
33%
36
19%
;•••
50
*67
*98
mm—
'
mi*'
6%
6%
„T
200
114 A Jun
May
103% Oct
400
60
Mar
61
Jan
,
800
49
110
19
,
41 % Nov
par ::
——No par
Preferred
.*100
U S Tobacco Co————No ,par
7% non-cum preferred-i—.*—28
United Stoi kyards Corp——1
United Stores class A—
—*—8
Dec
6
Oct
11% Jan
1
preferred
24'/a
20'A May
7
Nov
Jan
6'/a Mar 23
(
-96
:
1st
non-cum
Dec
27
————————10i
Rubber. Co
8
8%
Dec
123%
14% Jun
13% Jan
,_No par
1
Plywood Corp-/--—
*U S Realty A Impt——
Jan
81
5
Preferred
Sep
30%
37
2
106Va Oct
f
7%
49
*95%
*195
"
100
38
J>0
,
17%
;m.w*
71
*67
*49
;kvy "mmm
mm
19
96%
35%
29%
29
•
*195
36%
36
0
96%
200
*195
.u m-: •
28%
19%
,v;-
36%
28%
95%
95%
—-
102 Va
16
A—.
110%
114
Nov
Leather Co.—...—- w—No
33 % Nov
-
22%,-Ap r
5
22
.
86 conv preferred———No par ;
Urtlversal-Cyclops Steel Cofp—**—1...
"
96%
•95
7
53% Nov
U S Lines Co
U
184% Nov
89% Mar
700
23 X
97
;
2,000
118
•
23
7%
7%
*48
49
*
7%^'
11%
*116
22%
1.000
2.50O
50
7%
500
24.800
159% 159%
30%
30%
12
118
22 Va
'>■
81*A
*48
7%
*116
22%
«47
—U
ii 11%
12
*7%
49
87 Va
87 Va
7%
118
22%
4.100
7,900
X67% < 68%
30 Va
30%
*47% .49
.
7%
*116
23
76 Va
159
31%
49
11%
116Va
*116
v';<: •;'VV-siw
48
48
*47%
x7%
169%
75%
79%
159
31%
49
X1691/2
76 >/4
*86
79%
153%
32
11%
*'
*—
<23
23
78%
159 Va
7% *
-
87%
68%
22
65
59.300
169%
; J an
10
5%:
73%
Feb
17
U 8
67%
100%
2
17
1,500
169%
.•73
*86 V»
80%
31%
*47%
x
11%
11%
*116
-*W'
•
72%
88
159 Va
..ii
49
68
169%
169%
75%
79 Ve
:
—
32
h.
169%
'*86
mm
67
69 Va
-
'
73
■'
159%
31%
•47%
67%
*169
'V;
med
i?4—•
80 »A
159%
■:
:
.
75%
75
Jun
13
55% Nov
22
•
•168'A
25%
112 % Nov
22
Jan
1.100
1.700
11
12
Jan
13% Jan
41%*'
54%
53
32% Jan
Sep
38% Jan
5Va
42
Nov
Corp .——5
U 8 Pipe A Foundry.—— ...—-.--20
——10
U 8 Playing Card C6—
*62% •65
64
41
Dec
30
10% May 26
33% Jan 31
conv
Partic k conv cl
600
104
Jun
66
——100
41V4
<
52
t
*62
5%
5%
6V8
51
61%
42
23.500
11
10%
It
♦10%
"
15%
Feb
26
*—50
preferred—
Industrial Chemicals. ..—No par
S Hoffman Mach
1.300
1,600
par
20
Dec
92%
34%-
18
32% Nov 16
preferred.—1—
5%%
2.300
35% ,37
15%
U
240
< 50% •V51
9%
9%
511%
10 V*
.35%
*35%
2.700
—No
Freight Co
i%
32%
'
8
Oct
Dec
9 Va Jan
preferred new_:_. ,_-No" pa/'
$4.50
U
Nov
15% Jan
,•
Gas Improvement
U S Gypsum
195 Va
65
32
63%
10%
1.6GO
32
3.1%
63%
52%
103%
103%
195%
31
36%
10,400
,
111% Nov
July 26
2
1% Jan
5 °h
500
27%
118
Nov
:
20%
13
38% Jan
No par
14,900
24%
105 Va
26
Jan
.22
U 8 A Foreign Secur—. —No par
360
93%
26% Feb > 2
: 7% July 20
.
—
United Merch & Mfrs Inc com
8
22% Mar 22
Electric
1.600
9%
24
Preferred
Co.—13%
1
preierred: ————.100
United Faperboard—
——10
i
110
9%
105%
105V4
23%
*103
105
.
104%
103%
10
Va
110
110
9%
105%
23
115
114%
63%
36%
12%
115
Sep
151
109% May 25
2
66-. Jan
-100
Coal Cos...—*—5
Engineering & Fdy_—
5
-?
>221/4
*105
Dyewood Corp———
5
1
79%
47%
;; 47 %
9%
Co————
Drug
12%
*16%
32
10
26%
26
26%
79
16%
109
195%
51%
4
10%
4Va
4.200
'
'
4%
290.200
63%
r
14-
>
2.000
4%
50 Va
31%
0
.-V/
43'A
25%
4%
United
119 *
Feb
17%
15
■31%
.No oar
Carp
49%
25%
38
104%
F«et
TrtUM.rarr
4%
25%
73.400
11%
115%
24%
►190
w'-
200
v
50V4
25 V4
11%
Feb
109%
16
Aug 20
118
No par
—
4%
11%
X22
r
105
24 y«
.
35
Carbon Co—
113
29
9%
Nov
104
preferred.--.———100
conv
23
Jan
AUg 20
-
.25-
8
5u 74
•25 .v.;--;-.
12%
471/4
24%
105
Wwt;
800
76
*33%
united
3%
29:
prel erred
———*—100
Biscuit Co——No,par,
United
117% Jan
100% Jan 24
Air Lines InC—10 ,-
4Va%
82% Jun
116
25
preferred—.*—^—100 /
conv
United
10
115
76
76
35
5%
Sep
22
No par
United Aircraft Corp—
3C0
171% 171 %
*112
non-cum
Union Tank Car—
300
115
9%
9%
104
93a
•'•65
*
51%
174%
11%
81
16%
110
110
«...
•V
36%
-
32%
112%
32
*110
51%
*33
26%
*79
^
39%
63 Va
10%
'
3.300
•
4%
12 Va
.
«
477/a
39
31%
'•
31%
113...
4%
700
34
50%
<
26%
.m
116
23%
0mmm
.*
%i.v
195%
52
33%
Cigaf-Whelan. Stores-—30c
Prior preierred.
20
United Corporation.— —-No par
83 preferred
—.—No par
4%
50
17 Ya
*47%
104
9%
111
.75%
«
'
12%
80
17
mm
24%
V;
27%
12%
;• -
25
5
80
mm
9%
51%
•60
501/4
mm
110
*36
•51
251/4
1151/2
>
105 %
13%
33
mm
38%
31
.—100
151
111
51%
11%
49%
I I
mm
24
38 %
*61
preferred-
150
111%
33%
30%
76
75%
mm
23%
*190
3.900
150%
20% Jan
13% Dec
76
26% Nov
109 % Jan
■
Jun
Feb
6
26% Oct. 23
100% Sep
1110%'Apr 27
111% July 11
100
36
10%
mm
*47
104
.—25
112
33
* '
.mm
17
Va
Union Oil of California-...
Union Pacific RR Co——*
X3G
77
^
26%
^iP_"
;
82%
23'A
15.000
*170
25/,
4%
.
■mm'
12%
105
26%
X112
11
t:
27%
24
s'V
mmr
4%
9%
25%
114
35%
35
77
'
50%
109 %
25 Va
170%
36%
170%
*112
114
*32
10%
17
.
110
*111%
^
•52
51 "
■
10%
■
35
10%
,*80
<
113%
*
*32
\
.30%
112'A
36 V*
30%
V »H2
5
30%
178 Va
*171
178%
36%
4%
53'
'-
10
113%
*112
113%
148
Xll2'A
307%'.
112 »A
112'A
52
114
50
30V4
'■
'''■mm
v..
53%
52%
*172%
*»«
.
112%
No .par
113%
113%
110%
x33%
341/4
33%
34%
11.600
100
■
24%
110
110
30%
30%
149 %
33 W
33%
3,3%
*112
148 Va
,
98%
'
98
97%
*112
113% 113%
24%
24%
146% 148%
58% Jan
3
14% Jan 24
78%, Jan 24
No pat
No par
No par
113%
113%
*112
;
*112% 113%
24%
25 Va
110 %
*111
v
112
112
97%;. 98%
•
99%
981/4
:
;,•
.No par
——
A-Paper...a-.-.
Union Carbide & Carb—..
Union El Co of Mo 85 pfd..
Preferred 84.50 series.—.
Nov
•
8
7% Nov
16
! Jun
18
73
124
76
.
59
85% July
25%
Aug
Nov-13
113%
Jun
120
Aug
22
38 %
Feb
63
Nov
Jun
'
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
NEW YORK
LOW
Saturday
Monday
Nov. 10
t per share
*52%
40%
40%
—
'
*'52
>.
."
56
40 Ms
■■
.■
—
,n*v
40 Ms..
*155
162
*156,
162
*155
170
*155
56'/a
*52 '/2
160
f
4 1MB
', '
•
,
YORK
STOCK
Range for Previous
Range Since January 1
EXCHANGE
Lowest
$
Virginian Ry Co
share V $
per
45 Mi Jan
Year 1044
Highest
25
share
per
53 V2 Oct
Lowest
{:"■■■
S
per
Highest
share
$
5
*155
-,i
f
6%
162 V^:
preferred
37
33
Preferred
■
Apr
102
Jan
125
Oct
Feb
155
July
Dec
163
Jun
12
145
Vulcan Detlnnlng Co
170 \-i'A
16
July 10
SCMsJ&n 16
120 .< Mar 2
160
Sep
29
r
Mar
42
5/:
,
Jan
149
*
45
Deo
38% Nov
71
•
17%
17%
18
39%
39%
39 Mi
110% 110Mb
89 Ms
18 Mi
39%
18 Me
89Ms'
20%
14%
14 Me
13%
13%
13%
*109%
111 Ma
89 Mi
89 Ms
20
20
13%
14 Me
14 Ml
20%
14%
96%
f
14 Mi
'
39 Mi
;
90%
*19%
14 Mi
18 Mi
39 Mi
111
*109
89 Ms
*20
-
14%
95 Ms
95%
95%
96 Me
21 %
22
22%
23%
43
44
*43
^
96
23
43
43
24%
24 Me
43%
19%
Xl9%
31
30 Ma
31-
30%
27%
28 Ms
27
27 Mi
27 Me
38%
39
39 Mi
38 Ma
16
15%
16
15
15%
15%
34%
34 Ms
35
35%
34%
35
35
88
32MB
32%
*87%
89
88
32 Ma
33%
*110
110
*86 Mi
89
32%
33 Ms
33 %
111
32%
•
112
111
113
118
118
117%
117%
116%
116%
116 Ms
25%
110%
110%
*109%
110 Ma
110
117%
117
*lllMs
lUMs
*112
li2Ma
33 Mi
34 Mi
*33
33 Ma
33%
Dec
103
Dec
52 Ms
x51
51
51%
Sep
34 Ma
54
•
34%
Dec
113
118%
34%
lllMs
113
52
51%
51 Mi
*117
34%
34%
34%
117 Mi
Dec
102%
117
117
117%
34%
Dec
28
110 Ms
*117
Jun
85 Ma
116%
110
Dec
10% July
113
110
Dec
31 Ma
36 Mi
88
22 Ma
15%
109 %
Aug
19%
15%
*87%
Jun
25
38 Ma
*38%
Nov
10%
27%
39 Mi
*38 'A
34 Mi
34%
34%
35
*112
28
9%
10 %
9%
10
10
25%
27 Ma
*26 Ma
27
27
51 Ma
49%
51
49 Ma
49%
51%
90
90
52%
53%
July
28 Mi
51
Dec
77
10 Me
27 Ms
July
110
112 Ms
*26
9%
*31 Mi
90 Mi
90%
51 Mi
53 Me
*30%
34
34%
48%
35
89 Ma
89 Ma
90
90 Ma
51
52%
51%
52 Ms
31
30%
30%
33
*30 Ma
35 Mi
X33 Mi
34%
11
33%
33%
33%
36
36 Mi
35 Ma
36%
35 Me
35%
35%
36%
44 Ma
44%
44%
45
44 Me
44%
44%
44%
39 Ms
39 Ms
39%
38 Ma
39
39
37 Mi
37 Ms
*36%
102%
103 %
102%
*39
36 Ma
37%
105
*104 Mi
43 Mi
44
102%
102
44%
101%
101
%
3 8 Ms
38
13%
13%
*87 Ms
89
*87 Ma
*34%
35
34%
26 Ma
26%
37%
37%
38
14 Mi
14 Ma
15%
89
*88
*34 Me
34%
9%
10 Me
20%
i/Me
17%
18 Mi
100%
*100
20
*35 Ma
49%
49
20%
17%
18 Ma
*100Mi
lOOMa
lOOMa
100 Ma
99 Mi
Nov
20%
14 Mi
July
*20
*134
*134
35
Ma
35 Ma
*34 Ma
49 Me
49 Ma
49 Ma
Sep
24
50 Mi
July
44%
Oct
.41 Ma
Nov
66 Ma
67
67
97%
97%
*97% 101
96 Ma
20%
99
•
82% Nov
20
84
NOV
102 Ma
80
20 Mi
19 Ma
,
*97% 101
96%
81
*80
July
36
99 Mi
94 Ms
20%
11 Ma
125
*66
81 Ms
20 Me July
■
*97
101
94%
*80 Ms
■
49%
100
*97%
20
19 Ma
68 %
68 Mi
*97%
Apr
lO'/a
20 Ma
17%
36 Ma
Mi
Dec
9%
10
20%
17 Mi
—
*35 Ma
36%
49 Mi
.
9%
87 Ma
31 Mi
20
20
*134
*134
9 Ma
Dec
9% July
Oct
89/
34%
20 Mi
Dec
July
29% July
*87%
10
20%
22
*34 Me
20%
100 Ma
92 Mi
34%
*9%
*20
32%
27 Ma
89
20 %
*100
104% Aug
100 Ma
13 Ma
38%
13 Ma
100
37 Mi
27
3 8 Mi
3 04 Mi
44 Mi
43%
101 Ma
*26
75
104 Mi
44
100 Mi
*26
*68
104 Mi
43 Ma
27
17%
36 Ma
103%
71
104 Mi
105
27
13%
36 Ma
103%
71
44
104\'a
39 Mi
36 Ma
103%
103
103
73
*71
Me
91%
Deo
80Ma
,
74 Me
NOV
20 Me'
14
Deo
Yule h Tewne
28
Mfg. Co
York Corp
1
Young Spring A Wire
No par
Youngstown Sheet & Tube—No par
.No par
Youngstown Steel Door
2.600
•Bid
and
asked prices;
sales on this day.
no
tin receivership,
a
Deferred delivery,
Transactions at the New York Stock
n New Stock.
Zenith Radio Corp—
45.700
Zonite Produots Corp.
rCaah Ml*.
s
Special sales.
Railroad
Week Ended Nov. 16,1945
1
Shares
Foreign
Government
Bond
f
Bonds
Bonds
Sales
i
1,118,260
-
$2,747,000
$602,000
$70,000
$3,419,000
\
5,661,600
5,084,000
1,288,000
73,500
7,023,100
j
733,000
5,873,000
i
7,041,800
7,932,000
717,000
56,000
20,000
7,778,800
;
738,000
9,569,415
-
—
Tuesday
Wednesday
$28,466,400
$4,078,000
Holiday
—
1
Thursday
Priday
i—
31,000
J, iii&t
8,701,000
—mttt*
$250,500
... mm
Total
$32,794,900
Vrr
Week Ended Nov. 16
1945
Stocks—No. of shares
I945;
4,389,970*
-
224,342,178
V. S. Government
$250,500
P*orolnU—*1
$103,000
4,078,000
Total
$7,193,250
38,512,300
90,125,160
$5,283,800
V 92,331,000
1,940,108,300
2,231,803,700
1,676,000
28,466,400
~
Railroad As Industrial
$32,794,900
-
$40,291,300 $2,037,426,710 $2,329,418,500
Week Ended Nov. 16,1945
Saturday
the daily closing averages of representative stocks and bohdf
listed oh the New York Stock Exchange as compiled byrDow, Jones & Co.*;
are
*
iiii
'iiVii'iil-
I
I
I
Stocks
«'■
■f.»
SO
SO
is
i
Indus-
v.
Date—
•
!
November 10
November 12
■
...
"
Rail-
trials
roads
191.37
"
,
.
62.42
Holiday
61.84
10
Total
65
ties
Stocks
38.43
'
'
10
..v.
Utlli-
V
Il l
71.71
First
Indus-
-
trials
,
Grade
V
Ralls
.
/
Bonds
•
1,145,765
—-
Wednesday"""
1,738,640
Thursday
1,559,380
1,437,955
Total
8,236,085
<
jf
j
'
'
Rallsties
11
40
Bonds
108.45
•
,
107.01
f
of
the Manhattan
Co.^.10
10
100
;
Chase
National
^.15
Bank-
Chemical Bank is Trust—.—,—10'
4.73
1
49%
129
116%
45%
50'/«
Commercial National Bank 6c
Trust
Co
$6,000
$105,000
Holiday
503,000
92,000
102,000
570,000
51
Bank
&
Trust.—10
' 21
71.28
106.06
114 60
99.15
108.51
38.06
71.13
106.09
114.70
99.10
108.66
107.14
November 15—191.13
63.70
38.14
71.98
106.14
114.71
99.20
108.69
107.19
Exchange Bank & Trust_20
Empire Trust
50
Fiduciary Trust
November 16
64.06
38.39
72.38
106.11
114.82
99.09
1 08.79
1 07.18
Plrst
Corn
National
Bank
;
i4
Mi
62M2
112 "
35%
100 1,940
*
V:
•
965,000
455,000
478,000
1,028,000
6,000
1,000
—
458,000
■>—
$13,000
$3,223,000
Jan. 1
1945
1944
1,306,974
•
$297,000
-
-
$1,260,000
113,937,233
$2,406,000 $118,806,000 $151,422,500
114,000
31,237,000 'V 9,122,000
#
1,027,000
4,000
1,176,000
$2,524,000 $151,070,000 $161,720,500
Pulton
-
Grace
100
Trust
190
-.—100 378
10
20 Mi
100 1,850
25
46
—
Lawyers Trust
Manufactures Trust Co
210
—100
National
Guaranty Trust
Irving Trust
Kings County Trust
Morgan
20
—
38.13
32%
100
Bank of New York
62.00
V
;
Total
Bid
•*:
Bank
189.77
192.13
"
$1,950,000
$3,223,000
Total—__;
190.56
107.08
'
'
'-"i
456,000
362,000
376.000
,
Foreign
Corporate
$186,000
13,000
November 14
.
■>
$1,950,000 i
1,260,000
Foreign corporate...
Continental
•
Bonds (Par Value)
Foreign
Government
Bonds
Domestic
Foreign government.
Central Hanover Bank & Trust 20
Total
10
Utili-
H
1945
Brooklyn Trust
*
10
'
5
Domestic
8,236,085
Stocks—No. of shares.
'
Second
Grade
105.99
114.59
99.01
■ -Holiday
'
'•
.
Exchange
Week Ended Nov. 16
V November 13
>:•
Ex-rights.
*
"
>,••>
2,354,345V
Bankers Trust
'
2
Monday
Tuesday
Stock And Bond Averages
Below
I;
V
Shares)
o/
'1944
325,381,893
Bonds
stocks
(Number
Jan. 1 to Nov. 16
,1944
-
9,569,415,
—
"
„
Total
Bonds
y
'
United States
2,497,280
1,607,265
2,010,320
2,336,290
Saturday
Monday.
of
x-Ex-divldends.
Daily, Weekly and Yearly
'
and MisceU
Stocks,
Number
wdWben distributed.
Transactions at the New York Curb
Exchange
Daily, Weekly and Yearly
|
>
f
Nov
x20
30 Ma
28
27%
68
44 %
19%
20
31
.
Deo
Dec
108% Nov
24%
43 Ma
-■
31%
*30%
14%
31 Mi
:
20
20 Ms
20 Ms
*
share
per
68
*159
170
*155
>
.
■
,-41 w.'-Ar :•••••
*158 %. 162
$
STOCKS
NEW
Shares
perjifiart
*53 *
56Ms "•
56 Ms
40%
41 > -41
V *157 ;v. 162
*155
Sales for
IheWeek
'
Iter share
'•••<
170
71
*52 Ms
...
Nov. 15
$ <per. share
S
RECORD
'■>
:.y Prfday 'v-'-'^:
N^V.16 . 'V
Thursday
,Nov. I I
S per,share,
.
STOCK
PUCKS
^-Wednesday
>Nov. 13
t per share
56
8ALB
Tuesday
Nov. 12
.
AND HIGH
com—20
62 Ma
100
12%
298
48%
(J P) & Co Inc
National City Bank
New York Trust
25
108 Mi
Public Nat'l Bank fe Trust—17%
53 Mi
Sterling National
82%
Title Guarantee & Trust
United States Trust
12
19%
100 1,700
!
■:.r
2412
Bond Record «» New
FRIDAY
York Stock Exchange
WEEKLY
-
YEARLY
•
-*.«—>«<uc.»*«-r»-o7---N-r^vrMrK„
Last
Interest
Exchange
or
Low
V, 8. CvveriMeal
t"0
4%s
3%s
3V«s
3'/.s
3s—
3s—
27/»s.
2%»—
2%s
2%s24i4b»««-p—••••■
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
3-D
•108.21
101.13
103*. 19
111.4
1955-1960
m-s
•114.5
109.7
m-s
•113.26
113.28
112.10
•114.14
114.16
112.21
3-D
115.27
115.27
T?eSSS 2Va8s::"~I-IIIl""l949-1953
■*
115.27
2s
22sII
J-D
;
1966 19/1
M-a
June 1967-1972
107.6
105.19
107.1
Series
No.
22
Series
100.28
6
100.15
26
100.10
101.23
5
100.18
101.6
10
M-a
—
'
101.1
28--
-
Treasury 2s__
-
102.26
102.5
2s
Treasury 2s
Treasury 2s
Treasury
1970
a-o
*91%
98
3973
jlf-n
*94
95
1984
J-J
(Dom of)
1968
1948
1953
15
1958
j-J
—
ACarlsbad
m-S
*103.2
103.4
J-D
Treasury 2s
m-s
1951-1953
June 15 1952-1954
Dec 15 1952-1954
——-1953-1953
June 16 10*8
_
2s
Treasury 2s
Treasury
—
1%S
———1950
lVfet
3-D
103.23
:
103.28
*103.30
104
103
A6s
APv
101.23
10123
101.14
101.15
100.26
101.15
18
;Terk'Clif
v?-
■
Feb
1961
Feb
F-A
1961
j-J *
Sep
1901
J-D
118
m-s
sinking fund 6s
■
^
,
A 6s
of
A 6s
of
120
external
Agrlcullurai
Mtge
AGtd
sink
1947
1948
a-o
*74%
4a—1968
Jf-S
*90
Akershus *Klng of Norway)
f-4
74%
20%
23%
59
17%
23%
21%
21%
i
18%
23
20%
23%
74
17%
21%
21%
1
18%
21%
23%
37
17%
22%
16
17%
23%
20%
23
7s of
62%
92^
74%
79
*-•••
A
90
19%
I
j-D
30
30
32
11
26
39%
I
1961
a-o
81
81
81
2
68%
81
81
81
81
53%
57%
58%
50
50,
*49
1952
J-D
90%
1953
m-n
87%
1951
m-n
(Republic of) 5s of 1914_—1949
m-s
*105%
1949
f-a
*108%
.1977
j-D
1953
J-J
1945
j-D
(Rep of)
loan
7s
4%s
external
debt..
Czechoslovakia
(Rep of) 8s
Sinking fund
8s
ser A.1951
1942
J-J
37
2
35
38
External
1955
363%
1
35
38
External gold 4%s——1963
J-J
363%
363%
1
34
A External'a
f 7s series D
.1943
J-J
363%
37%
37%
IA Dominican Rep Cust Ad 5%8^1943
8A 1st series 5%s of 1926—1940
363%
1
34
.1957
a-0
30%
31%
7
.30
33
a-0
32
32
1
30
33 ya
8A2d
f 7s 3rd series. .1957
a-0
31%
31%
4
30
33%
AAntwerp(City) external
Argentine (National Government)8 f external 4V^a—
.1948
8 f conv
8 1
8
loan4%s_^.
i
•* *
.1971
*97
100% 101
M-N
101'% 101%
3
993%
157
conv
loan 4s Feb...
.1972
conv
loan 4s Apr
.1972
a-0
6s of '25. .1955
J-J'
107
.1957
m-s
104 V2
.1958
M-N
v
of 1928
^
v
s
f- a
99%
983%
:i
99%
.
1017/a
95,
90
,
t
French
Greek
99%
40
90%
991/2
•
2b
99%
107%
■
104
104%
7
100-
102
v
18
101% 102
A 6s
103
Haiti
106
10 b
1
100%
106
J
1023% 103
2
100%
103
<
IA Brazil (U S of)
110% 110%
2
105 y8
1101/2
70%
2
J-D
llo'/z
.1941
external 8s
J-D
70
70 %
pursuant to Plan A
(Int reduced
to
3.5%)
1970
f b%s of 1926
„___1957
Stamped pursuant to Plan
(Int reduced
A
1927
1957
Stamped pursuant to Plan A
Republic 7s stamped
(Republic)
Free
AMedellin
Mendoza
Mexican
J-D
64
•
68%
53
69%
i
A4%s
68%
*61%
a-0
a-0
*61
a-0
68%
-
57%
71%
i
A
i'
65
-
66
52
.
68%
68%
57%
-
.
72%
70
31%
..
115
154
160%
*63
99
977/«
97%
97%
18
81%
77
*101%
*101%
(Int reduced to 3.375%)
(Central hy)
stamped pursuant to Plan A
r
101'/a
I
*101% 102 %
„
*101% 102 V2
*50%
65 *
,
102
1
1.
*109%
-
44%
106%
__
(Int
reduced
to
61%
52
66
-70%
70%
59%
73%
1978
3.5%)
61'%
J-D
J-D
*61%
68
54
1953
i960
(Colombia)
i960
m-n
l'i57
a-o
14%
11
96
1
95
95
-.*102%
..
*__
-
15%
A-0
•60
52
66
^
82%.
J-D
*31
32
30
*_.
100
94
m-n
♦12%
*10%
agree
.
14%
(int
reduced
to 3.375%)
3-Vis
I
bonds of 1944 (Plan B)—
Series No.
1
FOREIGN
No.
2
Series
No.
3__
3%s
Series
No.
f.7
63"
Series
No.
Series
No.
*r,s Series
No.
—
No.
9_»
No.
10__
3%s
Series
No.
11__
ityfi
Series
No.
12
No.
■Pi~- footnotes'
68%
52
52
68%
63
It
52
67 3/4
64
52
68%
12%
•
11%
;
69%
60
72
80
53
74%
51%
75%
523/4
75%
74%
52
76
65
52%
63%
65
51%
66%
51%
66
51%
68
74%
74%
*61
14
see
page
61%
2416.
FIRM TRADING MARKETS
61%
63
ma <
rABL marks &
v
75%
*73
13
SECURITIES
t
1
FOREIGN SECURITIES
SPECIALISTS
;;
50 Broad Si., New York 4, N.
t-
Telephone HAnover 2-0050
34%: |
100%:.
io«%
68
3
•62
No.
Series
Series
52
8
*61
8eries
Series
3%s
3%s Series No.
13
63
*73
J-Y48
3^48
64
63
? 63
*63 /
3^8
.
63
63
623%
4
3%s
3%s
.
'J:
63
SerVes
1
■
*63
-Vis
:»"3%a
j
'
4v;
12%
For Financial Institutions
-
1979
fcfemal $
?;
95
27
1943
1942,
f
23%
103
J-D
f
25
12%
4..
funding bends of 1931
Stamped pursuant to Plan A
;
!j
102
100%
20
1954
assented
5.
20
33
-
-
100
1954
0%s
(Prov) 4s readjusted
Irrigation—
Nov.
16
:
A-O
;
7s
18
17
101
17%
17
a-o
69%
g%
61%
j
60^
108
*100
18
f
a-0
:i
97%
100
II
*
1952
99
101
100%
..
;
1979
!
iH
100% 101%
101 % ioi'%
._
*101%
II
80
97%
96%
i
115 %
115
16
*101% 105?
_i:
>
72
*98%
\
-:f.
74
•
"
?
*
112%
160
[
413%
110
"
A7s
j
94
<189%
—-
...
160
J-D
1958
f 6s seiles A
(State Mtge Bk>
to
11
i-
71%
m-s
lOfta
:
;
stamped
8
34%
32
105%
a-o
a-o
—1949
(City) ext 6%s
State extl s f 5s
Assented
-it'
87%
)
v
s
s)
90%
;50
110
160
J-J
1949
p^rt pnlrt
nart paid
A.Tugoslnvla
;73% j
:
to 3.375% )..__1979
A External s f b%s of
.59%
Irish
"
1QRQ
1967
7s
Helsingfors
M-S
J-J
1959
m-s
,j 1Q«(I
.
Kerlea
(Republic of)
Government—
A7S
105 »/4
95%
:;
42
.4
.
a-o
1961
Admin 5%s 2d series
..
A-O
1940
unstamped
7s
99%
v:
sink fund 5%s_^
Y
AEstonia
107%
98%
5%s
■
i
.1949
f 7s.
8
loqi/2,103
107
-ojfe'
f 6s
s
AExtemal
105%
86%
1"
.1955
External
External
Stamped
105
series
2d
extl
iielgiura external fi%s
.
J-D
m-if
f extl
Australia riCommonw'lth)
External 5s of 1027.
External g 4%s
gold
Customs
'
j
50
41%
..
.
*110% 111%
m-s
f 7s
.1958
50
108
a-o
s
58%
417/2
*106
f-a
363%
sec
81
48%
1
33%
a-o
37
External
69
115
90
86%
a-o
...1952
series B
J-J
A
2
J-J
a-o
a-o
1961
J-J
series
;
19%
21%
__
*49
7s 2d series., .1957
22
16%
.1949
1st
•
17%
.1949
s
17 %
20
.1945
External
21
21%
7s series B
■,i
1
21
19%
f
A
~9
22
*21%
:
20
17%
17%
22
21
18
21%
f 7s series C
.
17%
-
m-n
A
!
m-s
s
A External sec s f
19
•19
m-s
s
(Dept) coll 7a A-
3
21
F-a
Sinking fund 5%s
A Public wks 5%s
74%
61
1
74%
-74%
21%
—
21
1946
4%s
\-S;
211', ■}
18
23%
18
20%
1947
Rica
|
22%
17%
m-n
m-n
21%
:19%
-
17%
19%
21
.
External
A
'
.
23%
25
20%
*18
j-D
a-o
23%
21%
81
..
20%
a-o
A External
AAntloquia
18%
23%
*18
J-D
,
'f-
21%
•
18%
-
__
1970
6 bonds
IA Denmark 20-year extl 6s
'•/
23
1928
A Costs
■v
6s
22%
1947
Jan
f
s
Copenhagen (City) 5s
25-year gold 4%s_.
1-1693
-
fund 6s
18%
f.
Broadway* New York
(Colombia)—
Bank
sink fund
AGtd
■
Municipal
A
1
1961
_Oct
Mtge Bank 6%s
External
Got*.
22%
3900
Sinking fund
Cuba
Foreign
23%
22%
ASlnklng fund 7s of 1927
Members New York Stock Exchange
Telephone
REclor 2-2300
22
17%
I960
1927
A
18%
118
J-D
«
.22%
67
23%
J-D
.J—.1963
1928
AColomhia
17%
22%
21%
21%
M-N
21%
21%
•-
23%
*19%
,
(Hukuang Ry) 5s
(Republic of)—
Colombia
£c-r/v'■&ft--:
"
70
'
M-N
1°ft7
assented
AChlnese
Wertheim & Co.
II
:
a-o
1957
A6s assented.——
Cons Munlc 7s
3s
i
105%
36
—
a-o
—.1963
AChllean
Foreign Securities
103%
18%
1903
ASir.king fund 6%s
1931
'■'id,,: A6%s assented
39^1
AGuaranteed sink fund 68^—1961
.A6s.jassentedw^u...
——1961AGiiai^anteed .sink fund
n>«3
a 7s
12
65
*39
1983
sinking fund 6s
.
'
•4
102%
103% 105%
1963
assented
A6%* assented
122
112%
62
117 % 118
101%
m-s
A6s assented
1980
106%
~7
103 %
j-J
t as
s
AChlle Mortgage Bank 6%g
Issue—
Corporate Stock
106%
F-A
assented———.J3ep 1901
A 6s
'
6s
sinking fund 6s__
A6t
Transit Unification
3%
fund
assented
AExtemal
/i
a-o
1961
AExtemal
*101.21
101.0
J-D
a-o
1961
AExtl
106.12
J-D
m-n
1980
Jan
100.13
106.20
111%
109%
102%
m-n
—Jan
a 6s
*106.18
109%
106%
103% 1033/g
•
j-J
;
assented
external
103.25
103.30
106.12
15
sinking fund 6s
sinking
100.17
103.30
''
:•
V
.
1943
76
10
101% 101%
*
—.I960
Hi
97%
63
18
101%
1954
95
j
23
'
1943
f 7a_
s
assented
AExtl
103.1
2
94% •'«
•
'
a 6s
103.23
103.1
8s
External
17s assented
103.28
103.30
J-D
r
103.23
*103.26
'
J-D
3-D
102.10
(City)
(Rep)
AExtemal
103.9 ?
100.25
.
J-J
Jan
;
j-J
15
83
•
m-n
15
— —
102%
104%:
Jan
80%
■
109% 109%
104
104'/a
111
109%
j-J
Jan
94%
80%
1103/4 111'/a
a-o.
j-J f
—.1967
95 >
80%
.
16
■'•••
723/4
723/4
■
1961
3s
3s
101*29 103~4
--
i960
—
2%s
A Chile
10
'»
3s
102.27
103.14
-
30-yr 4s
3Vis
3s
104.24
•103.12
f 4%-43/4s
s
external ill bonds
102.20
m-s
95
23
93%,;..
104.24
100.25
100% 103%
M-a
93%
103.15
103.8
19
101% 102%
?;
97% 301%
95% 102 % i
4—.
933/4
103.1
103.6
68
67
.
'
*101%
92%
*102.31
103.8
53
v
67
mmmm
i
V;
V
66
93
30-year
102.9
*103.4
102%
1991
f 4%-4%s
30-year
103.28
102.3
M-a
51%
52%
93%
Sep 1949-1951
Dec 1949-1951
March 1950-1952
Sept 1950-1952
2s
Treasury
J-D
68
mmrnm
F- a
--1951-1953
Treasury
51%
mm
»
6574
mmm.
M-a
*103.13
__
67
67
52
—
68
68
——
1976
J-D
3-D
—
—1977
Canada
100.27 105.1
100.15 101.12
102.18
*102.3
51%
.64
.
-
(Province of)—
s
•25-year
105.1
*102.16
65
*61
—-r'1
'««, '
:
51%
*102'/a
'
M-a
F- a
66
51%
*61
1957
stamped
3%
107.26
105.1
..
4
•
*61
'
1958
__1950
1
.
63
*61
gold 6s
51% i 66:
52
66%
51%
67%
.
External
101.24
108.19
J-D
*
•
-
;
51%
5
.
Refunding s I 4%-4%s
External readj 4%-4%s
106.31
101.1
m-s
68
1
*61
30
Sinking fund
63
.
.
*61
s f 5s
gold 5s
Buenos Aires
105.8
*1)08.17
J-D
No.
(City)
External
100.20
107.5
*105.6
__
51%
•
'
100.30
106.29
*107.3
J-D
^^
*61
mr
m-~
29
Series
—
28
No.
a 6s
58
106.31
106.31
__
67%
67
t
59
_
61 %
62%
!
——
■
27
No.
102.3
101.4
63
26
No.
102.2
101.21
No.
Series
102.7
101.27
Series
Series
102.9
102.1
25
Sinking fund
102.17
100.17
101.23
\
J-D
1959-1962
100.18
102
J-D
1951-a953
1952-1955
1954-1956
5
12
102.13
102.4
101.23
m-s
Sept 1967-1972
103.4
102
24
62%
.
61%
T ''
23—
No.
No.
8eries
103.4
.102.13
No.
Series
*61
'
;
Series
3%s
108.15
*103.2
__
67%
51%
mm*:'.'":
■
d.-
613/4
613/4
61 Vz
Brisbane
105.24
108.15
J-D
—
Sirriir3^rl948:W50
Treasury
21
3%s
'
M-a
VSS i":::::::::::::?- illHili?
Treasury
No.
33/48
107.25
106.20
3-D
Vto>*<>•
———
106.28
?
3-D
J-D
TrSSS
Series
*
"
• 107.4
__
M-a
SH'SSi
2%s
2%s
Treasury ?%s
Treasury 2%s
Treasury 2%s
Treasury 2Vis
Treasury 2 Vis
Treasury 2 Vis
Treasury 2Vis
Treasury 2 Vis
miU
3%s
•106.18
•
:
M-a
1956-1958
Treasury
19—
20
33/45
107.15
106.6
1
65'%
'v;
No.
No.
3%s
f—"-;
■
106.8
*
Series
Series
3%s
108.15
m-s
1950-1952
1952-1954
2
?!relZl 2%!
104.18
*104.16
,•106.6
High
'
51%
.
663/4
*61
18
No.
33/4S
100.6
•100.4
__
__
Series
3%s
115.27
113.2
January 1
Low
.
62%
62%
33/4S
29
63
*61
?•
%
'
m-s
17
3%s
113.30
...1960-1965
I,
Range Since
Sold
NO.
High
*61
9
16
No.
v
33/48
113.7
J-D
•109.5
No.
berics
■'
.
Bonds
'■
110.15
1956-1959
J-D
15
Series
3%s
106.11
1958-1963
3-D
S
105.14
104.13
108.27
,...1951-1954
Low
'•
(Continued)—
No.
Range
Friday's
'
114
112.17
114.7
•104.11
bonds
%
'
'
■
or
Bid & Asked
'
111.27
__
(Continued)
J74S
103.19
110.30
m-s
Sale Price
'
♦110.28
:
Last
Period
.
•
Week's
Interest
.
'
1
Series
103.20
•101.11
.
■
3a/4S
103.27
101.14
M-S i
1948-1951
r.
--
Friday
Stock Exchangt
New York
'
\ -■ •.
3%s
108.23
J-D
Treasury
101.19
35
101.14
<
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109.24
106.18
'••
Brazil
High
Low
101.3
101.14
J®43
Treasury
.
J-D
Treasury 2
Ke^urV
•
1951-1953
.1
2%s.
Vis
Treasury
•101.1
Range Since
January 1
V> No.
106.21
J-D
Ute-isfs
Sold
High
♦106.19
m-a
SS'SSJ
iqIq'iqm
Bonds
Friday's
Bid St Asked
Sale Price
Period
•
•
■■
BONDS
Week's Range
Friday
BONDS
New Yerk Stock
Monday, November 19, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
Y«
Teletype N. Y, 1-971
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
Volume 162
S *
2413
1,
NEW
YORK BOND
RANGE
BONDS
..
Friday
Interest
S
York
'v.-.
Week's Range.;:,or Friday's
Bonds
Last
Period
N>w
Sale Price
Bid & Asked
ENDING
RECORD
NOVEMBER
16
--
Range Since
January 1
Sold
No.
WEEK
FOR
Low
f
High
,
Mexico—(Continued)—
AMexlco
I
iLSi
exti
^Assenting 5s of
Assented
A
A
1899.
Nov.
to
4s of
Accruing
AAssented
Nov.
to
Assented
A
SAlreasury 6s ot
u-
A Assented
i
Mina»
16
5,
1942,
5.
1942,
to
5,
1942,
41
1
.
■
,
f faVas...
s
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A
New
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s
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102
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;
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mod
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95
MS
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MS
45
«
-
98%
100
105%
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38%
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29%
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68
19%
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1,446
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978
18%
—1940
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—1958
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1950
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s
•
1959
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s
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..
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ill Ti,
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64
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1984
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92
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1948
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mortgage
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,
1963
:_July 1952
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1953
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x
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at
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.
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i
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:
■
'
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.—..—
'
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88
10
1951
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1956
.-__1970..;
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mtge 2%s ser
series II——
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1955
1961
1960
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.;
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.
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Bush Terminal 1st 4s
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'
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58
1952
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gtd
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——
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__
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39
.
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99
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—
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ff! j:• :v(Int reduced to 2.25%
94"%
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L 1st 4s—.—1955'
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1950
Bklyn Union Gas 6s series A
1947
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1969
4s s f debentures
1969
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—1981
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42
37
'
...
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i
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73
stamped
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43%
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.2012
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509
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AInc mtge 4%s sei A
'
98%
41
3
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> i
339
74%
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96
.2001
.1957
—
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87%
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99
Boston & Maine
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;
84%
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'f
Bethlehem Steel Corp—
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—
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X.$
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1998
Feb 11960
due
99
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i
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v..
.
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I
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^
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.
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1951
v
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.—1950
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v
41
37
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~5
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—
i
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due
Sep 1 1946)
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——2000
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.
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—.1995
.
2001
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-
39
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.
i
,
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.
:
i
110%
121
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25%
„
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.
127
44
130% 130%
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1
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34%
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iii
J-D
1946
mortgage 3%s
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,
1960
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Air
Atlantic & Danville Ry 1st 4s
47 :
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tRep oi)
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,
Charlotte
&
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-
2008
gold 4s of 1910Nor 1st gold 5s
Atlantic Coast
105%
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r°-
119% 119%
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,__1955
.
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A
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v
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Atlanta
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.
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101 %
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—
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"
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%
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1967
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1947
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'
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1994
to
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—
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103
99
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.—-^—-1396
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1963
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or
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'
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1958
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s
102%
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1963
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-
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1965
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to
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79
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1948
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1964
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of
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88
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1978
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12
'
35
89
1937)—
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1957
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1955
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1950
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1951
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Can Pac Ry 4% deb stk perpetual
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1958
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.
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•
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*
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1972
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149
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page
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1975
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71
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43
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96
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115
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155
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244
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182
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116%
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120
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112
105%
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102%
J-J
108%
103%
120
A-O
101% 101%
152%
101%
1995
due
see
N
118
120
—198/
...
Potts Creek Br 1st 4s
| 1st mtge 3%s series E——
j 4%s cum income debs
4 ' :
footnotes
1987
Guaranteed
(111)—
(Subordinated)
4s
registered
A4s
Central Pacific
1967
v_
1987
AGeneral
109%
1975
debentures
registered
A5s
106%
108
*105% 106
A-O
99
105
A-O
1966
Light 3Yas
New Eng 1st gtd 4s
1961
tACentral of N J gen gold 5s__—1987
102%
109
Af-S
1969
deb
Wat Wks & Elec 6s series A
For
100
32
J-D
F-A
1950
AAnglo-Chilean Nitrate deb
Ann Arbor 1st gold 4s
Armour
100
115
*98'% 100 »/4
1962
debentures
conv
f: 2%s debentures!
1980
i .2% debentures —■—— ——2*.—-1975
Amer
,
,—1940
gold 5s
$ A Cent
102
Telephone As Telegraph Co.—
American
?,3%s
A-O
102%
100
*102
*
A-O
_^199b
100
102% 102%
102%
A-O
..—1975
.—
West 1st gtd 4s
& Foreign Pow deb 5s
Alleghany &
Am
A-O
1st
Div
Illinois
Central
1945
:.—1959
1959
gold 4s„J951
5%s series B
5s series C
gen
*1017/a 102'%
6s with
Gen mtge
&
J-D
Wrap Pap 6s
J948
warrants assented——.1948
Albany & 3usquehanna RR 3%s
1^4#^
1
*105% 105%
jAConsol gold 5s
ARef
111.
F-A
Albany Perfor
*
96%
1940
1907
10-year deb 4%s stamped.
Alabama
110% Hi
111
Nov 1945
mtge 5s
1947
Express coll tr gola 4s
Coll trust 4s of
|
J-D
gtd gold 4s
& Adir 1st
Ceianese4 Corp 3s debs————-—1965
A Cent Branch U P 1st gold 4s——1948
Companies
:£xt;J'&5s .series A stamped
1965
1981
4s
•
A-O
M-N
deposit
ti Ohio
Clinch
Carolina
81%
17%
F-A
of
Certificates
■
70
4
—
20
F-A
•
tCentral
Railroad
Power
Elec
California
12
1
.30
:
*18 ;
23
102% 102%
AExternal sink fund
AWarsaw
rV
lSYa
—
u.»I958
(City»
AUruguay
82
64
75%
-
*21-
A4%» assented
;
*70 *
A-O
J-D
Asilesla (Pro* of) extl
8ydney
'
Calif Oregon Power
(Kingdom)-— *
-—1—1962
external-
secured
A7s
S
-1978
(Int reduced to 3.5%
1
.87%-':
66%
-
'
I':
50 '
36
5
-
•128
106%
130'A
53%
333
107%
103
131
125
.
101%
128'A
•'
—
*123
52%
,145%
104
126
32
59
YORK BOND RECORD
NEW
RANGE
■
BONDS
Interest
Last
Period
Exchange
Yerk Slock
New
Sale Price
or
Bid ft Asked
/
Quincy RR—
1958
4 Va« series B
1977
1974
ref mtge 3%s
1st ft
111 RR—v
Chicago ft Eastern
AGen mtge inc
(conv)-..—„1997
33/46 ser B
1985
gold 8s
1982
Chicago Gt West 1st 4s scries A—1988
AGen inc mtge 4%s_
-2038
{Chicago Ind ft Louisville Ry—
1st mtge
—1947
A
AReiund^ig 6s ser
ARefunding gold 5s series B—1947
ARefunding 4s series C—1947
•J
&
A 1st
Jjjt
1958
4s
Ind ft &ju 50-year
> i Chicago
>
1966
May 1968
5s series A
6s series B
gen
a 1st & gen
May 11989
4Geo gold 3%ft series B.JMay 11989
AGen 4%s series C
May 1 J989
AGen 4'As series E
May 11989
s
F—-May 11989
{Chic Milw St Paul ft Pac RR—
A Mtge gold 5s series A
-—-1975
AConv adjustment 5s
Jan 12000
AGen. 43%» series
I
»<
m
Wi—-—-——1994
4s ser A
1st mtge
inc ser A wl
2019
4'As conv inc series B wi
2044
Chicago ft North Western Ry—
j •
2nd mtge conv income 4'As.-—1999
;
1st mtge 3s ser B
1989
r IfAChicago
Railways 1st 5s stpd
;!"■
25 Vk
partial redemption
1927
{Chicago Rock Island ft Pacific Ry—
mtge 4'As
Gen
1
1988
4s
IAGeneral
KM
§ ARefunding gold 48-,^..——1934
iASecured 4'As series A
1952
5S.
gold 4'As
...»———I960
Chicago 8t L & New Orleans 5s
1951
AConv
yas———1951
Memphis Div 1st gold 4s
1951
Chic T H Si Southeastern 1st 5s—1960
Income guaranteed 5s__—Dec 11960
Gold
;
? :
-
;
?
3
v
1963
—1963
.—1952
1962
4s
Chic Si West Indiana com
D
1st ft ref 4'%s series
paid-—1943
fgAChilds Co deb 5s par
1974
71%
73
98
J-J
J-J
«•>
V'
■'
73%"/:
J-J
V-
90%
73
...
91%
102
105%
4
98
102%
.2000
J-J
5
96%
101'/3
.1971
U-S
106%
106%
23
20%
—
1
■■•,'79
v,.;: 104%
72
15%
29%
16%
<
23
104»
105%
117%
132
J-J
104'A
103%
J-J
104 Va
J-J
104%
103% 104'A
148
Certificates of
103% 103%
8
83
103% 104 Va
160
,95
94%
86'A
29%
383
67%
99%
Gas ft Elec of Berg Co cons 5s
1,026
17'/g
33%
General
148
104%
104%
100
106%
104%
427
Steel Castings 5%s
89'A
265
84%
89'A
{AGeorgia & Ala Ry 5s
Oct 11945
J-J
91%
91%
92%
298
77%
94
{§AGa Caro ft Nor 1st ext 6s
103%
173
A4s
Gen
103
101
103%
67
67
67
67
68%
J-J
91 Vi
90'A
91%
90'/a
A-O
59%
56%
64
,.
21%
52
78'/a
5
80%
556
47%
65%
123
23
192
2
'100
mmm.
5
101
3-D
101
100
3-D
103
102% 103
97 96%
'93
96%
26
18
—
2
107 Va 107%
104
104
J-J
10
General 4'As series E
28
13%
Gen
99%
95
91
101
103
94%
83'A
98%
83
92
26
104%
105
108
111
Gulf State» Utll 3%a «erle§ D
55%
24
53%
55%
A-O
56
55%° 56
85 Va
Jf-N
2
86
F-A
109 Va
J-J
102
10
107
88
93%
85
83
M-N
*._
A-O
101%
106%
109%
115
21
11
105%
32
104%
1954
1965
1955
1942
3s debs
A
A
5yas
receipts——
Deposit
77%
30
•■•
Co
132%
103%
107%
111
37
133%
132
114
2%s series A
1st gold 4s—i
1999
1937
1970
J-J
102%
6
116
1st
gold 3%s
Collateral trust gold
Purchased
lines
Collateral trust
-
4s
3%s
gold 4s
1981
I
107%
102
102%
102
102
103'A
105%
104 V*
107 Va
102% 103
104%
r"
37
41
-
9
105%,
J-J
St. Louis Div ft Term
64%
J-J
J-D
100'A
102%
Income
-
Morris
Coll
mtge
55%
41
4-6s
Power
J-J
68%
16
46 %
68%
1
47
"2
66 %
ref
3s_
~4
102% 102%
A Second
104'A 106%
86
88%
106'A
104
102% 104%
17
84%
99%
49
84
17
94%
J-J
98
99%
M-N
108
108
M-N
109
89%
91%
F-A
91%
232
15
1021/2 103%
100
105%
99
101%
5
95%
103
102%
42
83%
102%
100% 102'A
2ft
82%
102 Va
102'A 103%
3
89
103'/a
101'A 101%
J-J
100
F-A
102%
100%
*105%
99%
105'A
*104'A
97
104%
—
1st
101 %
J-D
99%
98% 100
145
81'/a
100%
1963
J-D
94
92%
94
83
76%
95%
4s ser D
1963
J-D
88'A
90
11
73%
1st
1950
1956
J-J
*105%
—
ref 5s series A
ref mtge
1963
ft Iowa
—
68 Va
52
J
1
71%
A 1st
6s series
A—
50%
A 1st
B_.
A 1st gold 5s series C
SAInternat Hydro El deb 6s
i
103%
1958
'
106'/a
99
83%
78
83%
177
43'%
44%
71
62%
73
74'A
76
28%
J-J
75 %
73
75%
80
-58%
A-O
i
—1944
94
93'/a
94%
154
58%
103% 103%
107%
M-S
'■
M-N
_.'
•
1
107% 108
J-J
1947
Ref sink fund 6s series A
—1955
! Int Rys Cent Amer 1st 5s B
—..1972
f Int Telep ft Teleg deb gold 4'As
1952
I
Debentures 5s
1955
5
*103'/a
■
74%
103
108
105%
89%
54%
85
84%
96%
105%
106% 111'/a
—
102
103'%
J-J
102%
102'% 103%
112
F-A
—
103%
'
19
44
J-J
.1950
97%
«...
J-J
July 1952
series
5s
75
92
106'%
•
106'/a 106%
A-O
1952
A Adjustment 6s series A
l
——
*111
—
{International Great Northern RR—>
j
105
95
*84
J-J
61
102%
96
*105%
*101%
66
105
105
105%
75
98%
28
88%
104%
2
102%
104 V*
103
107%
j
93 Va
51
78
91'/a
C
93
95%
103%
103%
95
57%
63
67
136
101% 103
99%
J-J
I Inland Steel 1st mtge 3s series F..1961
100%
74
104 Va
109
J-D
51%
64
1973
67
A-O
J-J
48*^
98
108 V*
: 105
Jones
ft Laughlin
Steel 3y«s
97%
98%
J-D
.1961
J-J
104
--
99
78%
1&*
t
64
67
106
109
59
75
61
107% 107%
69%
*65
71
79
74
76%
1978
F-A
14
13%
14
11%
10%
11%
A-O
1965
63%
A-O
M-S
gold 4s 1995
1995
gold 4s
ft Tunnel 4yas
J-D
63'A
107
J-D
J-D
45'A
M-N
A-O
*ast Tenn Va ft Ga Dlr 1st 5s
Ed El 111 (NY) 1st cons gold 5s
1958
M-N
*120%
1995
J-J
*157
see
page
2416.
J-J
115.
63%
21
59%
105
27
8
55%
105
>■
1
65
45
Va
116 i/2
115
>106% 108 Va
1st gtd
gold 4s. .1990
/ '3
.
54%
106 Va
109
28
:
f.
Plain
4%s
46%
A-O
.1961
L
unguaranteed
A-O
109'A
59%
22
45
106%
36
105
J-J
119%
151
158%
*120'A
J-J
71
-
*107%
.1961
J-J
.1961
J-J-
2
••
122
5
62
1997
A-O
Koppers Co 1st mtge 3s
{AKreuger ft Toll 5s ctfs
1964
M-S
'/..:■
*187
A-O
.1959
*105'/a
si.—'
—
'
W'
:'—
.
*5%
10
102
173 %
—
186 Va
102%
105 Va
4%
6%
j!
109%
102
—
107%
104
104% 104%
■
79
101
—
*109%
——
Kings County El L ft P 6s
,
71
i
103'/»
118%
—
106%
103%
•
"***"
J-J
.
__
79%
v
8
108%
116%
21
*104
•MM*
f
117
10$
,103% 105'A
104%
,
t
110%
—
83 '/a
82 '/a
82%
.1961
Stamped
66
105%
5
*106%
-•
A-O
.1987
109%
48
■
a
*81
.1974
108%
106 Va
.1936
T950
71%
106
A-O
.
f—-
19
Va 107%
63 y«
ft Mich
{ARefunding gtd 4s
ACertificates of deposit
21
5%
107'A 107%
1961
J-J
5%
106% 107%
107%
3yas—1962
HADU Sou Shore ft Atl gold 5s
193?
Duquesne Light 1st M 3yas
1968
Term
25
312
•
K
Kanawha
70%
J-J
mtge 3 Vis series G—1960
3s series H
—1970
footnotes
104%
40%
98
Dul Miss ft Iron Range Ry
For
107 Va
M-N
A-O
103%
—
F-A
Detroit ft Mackinac 1st lien
Detroit
89 V*
M-S
64
May 1, 2042
Light
impt 5s series B—
Edison 4s series F
ft
62
.1959
A Ref &
Gen ft ref
107%
} Indianapolis Union Ry 3%s ser B.1986
98
A Assented
Gen
105
*101%
gold 4s
{AInd ft Louisville 1st gtd 4s
61%
41
47.
75
107%
50%
M-N
1936
1938
{Denver ft Rio Grande Western RR—
AGeneral s f 5s—
1955
Detroit
101
70
*65
A-O
85'/a
M-N
8AConsol
•
103%
101
40%
M-N
consol 4s
gold 4'/is
IA 1st
103
*100%
M-S
F-A
Ind 111
& Rio Grande RR—
{Denver
*102%
A-O
41%
45
<
.
105
division
wi—
&
103
80
82%
102'A 105%
*104%
Co—
due
Essex
&
tr
Delaware
85
103%
103
103
J-J
1st
>
50'A
46%
-v;
45
j-J
104
45
80
30
HI Cent and Chic St L ft N O—
102%
1
1963
103
116
87%
1157/a
64'A
J-J
1st & ref 4 %s series C
1993
West RR
& Western div
ref M 5s ser C
&
102%
37
113
1951
Joint
1973
Lack &
Y, Lack
1st
A-O
36 %
■
1951
74
*103%
3-D
73%
36%
55
73%
1951
75%
66 Va
102%
__
72%
103%
Springfield Div .1st gold 3'As
Western Lines 1st gold 4s
Registered
58%
'45'A
A-O
-
57
15
'82
68%
*113
72'/a
144'%
101
J-J
64%
102%
102
'52%
45%
J-J
48
78%
100'A
1951
74%
103% 103'/a
102
3-D
6
gold 3s
75
64%
78
J-J
1955
57
J-J
J-J
98%
110
*
4%s
^
—.1968
Cairo Bridge gold 4s
1950
Lituhfield Div 1st gold 3s
1951
Louisville Div ft Term gold 3%s_l953
Omaha Div 1st gold 3s
1951
108%
105%
105%
78%
96
10
99% 101
J-D
...
Refunding 5s
111% 112%
102%
101
137
3
138
138
100% 100%
M-N
J-J
1951
1951
—1952
1953
19521953
1
Refunding 4s
133%
105%
106
J-J
98'A
107%
H
i.Intcrnat Paper 5s series A & B
N
104
107% 107%
?
Delaware,
98
*98
,
1st gold 3s sterling
114%
112'A
'45'A
4s extended
101V*
24
M-N
,1951
1951
...
1st gold 3'As—
Extended
106%
106
'111
A Deposit
Delaware ft Hudson
91
103% 103%
3-3
Illinois Central RR—
108 Va
108
8
107% 107%'
3-D
Dayton Union Ry 3%s series B—13C3
Deere & Co 2%s debs
1965
11
103%
A-O
Gas
Illinois Bell Telep
86%
*2
108
A-O
3-D
receipts.
Curtis Publishing Co 3s deb——1951
106%
J-J
f 5s series A— .1962
s
Gold 3'As
A-O
1948
B extended to..
series
68
80
103% 104%
114% 114%
J-J
..1946
extended to
receipts
A Deposit
401%
105%
F-A
102% 108%
108
46
A7Vis series A
A 6s
J-J
receipts
Deposit
15
99 %
105'A 106
99 V*
99%
A-O
40-year
—
1952
1st 5s gold
104%
A-O
108 Va
11
;
'107'A
F-A
1961
1955
1958
lACuba Northern Ry 1st
103 Va
M-S
F-A
Crucible Steel 3%s s f debs—
ACuba RR
J-J
77%
A-O
1977
1951
4s
Continental Baking
M-N
F-A
4s
18%
103'A 103%
102%
3-J
..Feb 1957
109%
107%
105% 106%
76
1st
AAdj income 5s—
__
106 %
A Debenture
84
5
2
107
115 w 115
108% 109
A Debenture
13
15%
151/4
15%
Feb
106
'107'A
F-A
106%
{AConsol Ry non-conv deb 4s
74
109%
107
107%
108%
—1958
1958
111%
M-N
91%
11
1981
1972
debentures
106
1st gold 5s—1949
Hudson Si Manhattan 1st 5s A—1957
Hudson
96%
80
■,,4
105
1948
1950
debentures
9
*80'A
.
Hudson Coal
112%
2
92'A
r* k
Hocking Valley Ry 1st 4%s
{iAHousatonlc Ry cons gold 5s
Household Finance Corp 2%s„
104%
—
84 %
93'A
J-J
111% 112%
50
108% 109%
*121%
A-O
3'/is
109
107% 107%
107%
Feb
56
(
A-O
3Vis
107
104%
102%
76
37
112% 112%
102% 103%
107% 107%
3%s A
112'/a
103%
55%
A-O
Conn River Power s f
109%
6
1952
1969
Gulf ft Ship Island RR—
1st ft ref Term M 5s stpd—
106%
52%
105
Consolidated Edison of New York—
^
3'/is debentures
..1948
10
1969
105%
130'A
22
111
2015
1
137%
106% 106%
1975
7
128%
121%
107% 108%
J-J
—1959
mtge inc 5s series A
123
4
3
J-J
uJ
debs
102 Va
118%
26
121% 122
J-J
-
105 3A 105%
■
3s series L
L 1st ft ref 4'/is
111
108% 109
1973
mtge
J-J
1st & ref 3%s series D
Colorado & Southern Ry.—
1st
135% 136%
127% 127%
109
1977
Conn Ry ft
136%
105%
J-J
_
J-J
J-J
—
102'A
102%
121%
B
Corp 3s
Greyhound
*102%
114 Va
100 V*
63
101% 102%
102%
J-J
M-S
f 5s series B gtd—
-
M-N
53
115
91%
::
1952
Gulf Mobile ft Ohio 4s series B
108
102
ctfs
A Debentures
54'A
39%
J-D
mtge 3'As ser K
mtge 3%s ser L
Gen mtge 3'As ser M
AGreen Bay & West deb ctfs A
Gen
106%
105%
89%
1973
79%
52%
80%
103 V*
II
*53
—1976
—1977
—,—1960
1970
*.
1980
General 4%s series D
65%
3
J-J
1947
General 5s series C
74%
102
44
40
*110
J-J
M-N
modified)
1980
Columbia Gas & Elec deb 5s—„1961
Columbus Si H V 1st extl gold 4s—1948
Columbus ft Sou Ohio El 3V»s
1970
Columbus ft Tol 1st extl 4s
1959
Commonwealth Edison Go—
Conv
debs 3Vas
1998
77 Va
105%
—
80
103% 104%
—
1934
Grays Point Term 1st gtd 5s__.
Great Northern Ry CoGeneral 5'As series B
105
59%
106 % 106%
107 Ve
80
57
J-J
Certificates of deposit
108%
90%
78%
79%
J-J
Goodrich (B F) Co. 1st mtge 2%s_1965
F-A
J-D
(stamped
debs
inc
conv
Certificates of deposit
I 4Vie series C
4%s
J-D
M-S
88%
104
J-J
128%
102
103
1
*105% 107
*111%
1949
89
104%
104%
97
74
55%
& Utilities Corp—
Realty
J-J
J-J
J-J
M-S
74
74
M-N
—1969
—1949
104% 104%
J-D
63
75'A
99%
'
;
28%
65'A
42
119 Va
83'A
23
102%
117%
94%
29%
M-N
118
117%
17
85%
M-S
102%
—
74
75%
M-S
1956
13
F-A
J-D
105
100% 101%
100%
of. deposit-—— -i—
coll trust 6s
103% 104%
A-O
J-J
—
*105
J-D
—1959
.1974
ref 5s series A
Francisco Sugar
111
105
105
*102%
103% 104 »A
J-J
*103%
deposit.—
ACertificates
'92% 114%
?
99%
101
100% 100%
J-J
{AFlorida Cent & Peninsular 5ft—1943
{Florida East Coast 1st 4%s
J-J
103%
98%
100%
M-N
.—1981
Firestone Tire ft Rub 3s deb
V
108
105
'106'A
118
100
>
31%
f
106%
102%
102
/
'
97%
225
-
106%
117% 118
;;
110
84
117% 118
.
series A—
ser E
ser F
ser G—.—
Ohio Div 1st mtgs 'J y«s
83
87
J-Ji
J-D
—1970
Cleveland ft Pittsburgh BR—
Series C 3 Van gtd
Series D 3 ViB gtd
Cleve Short Line 1st gtd 4%s
Cleve Union Term gtd 5'/is
e
88
5
101
Railroad Co—
4%s
mtge 3'As
1st cons mtge 3'As
1st cons mtge 3'As.
1st cons
100
65%
21
86
19%-22%
J-J
90%
-»;<
76
92
86
.i^v
22Vo
1993
i
Cleveland Elec Ilium 3s
1st
320
104% 104%
J.J
—
Gen mtge Inc
141V*
5
J-J
..
37
•,*N
97
M-N
1993
gold 4s
4Vas series E
1977
Cm Wab ft M Div l&t 4s———1991
St L Div 1st coll tr gold 4s
1990
1st
99
A-O
.1990
stamped
Erie
99%
132
98
73%
97
__
98, ;
32
98
76%
60
175
73%
98
*140
J-J
St Louis Ry—
Ref ft Impt
.
J-J
.1964
5s
Empire Gas ft Fuel 3%s
F-A
General 5s series B
]
.2015
EI Paso ft S W 1st 5s
106'A
1989
General
:
102
Elgin Joliet ft East Ry 3'As
116%
102%
Terminal—
series E
mtge 2%s ser G
Union
mtge gtd 3%s
Cleve Cin Chic &
i
J-J
115%
112%
20
A-O
Cincinnati
1st
A-O
.1962
111
28
1957
1952
{AChoctaw Ok Si
1st
A-O
.1988
29
paid
Gulf cons 5s
§ A Debentures 5s part
:"
.1965
114%
Gen
Chicago Union Station—
let mtge 3y$s series F
1st mtge 2%s ser G
i
107
116%
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c,
103%
105
104% 104%
deposit
of
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r
102
*105% 106'A
A 1st ft
series A
AGen 4s
ft
*102% 103%
116
J-J
High
J-D
M-S
113
M-N
January 1
Low
.1970
113
M-N
Bange Since
Sold
No.
High
.1950
116%
~
Bonds
Friday's
Elec Auto-Lite 2'As debs
•
F-A
F-A
or
Bid ft Asked
High
Milwaukee ft St Paul—
{Chicago
'
Low
Last
Sale Price
Low
January 1
NO.
High
Exchange
J-J
t
_
Chicago ft Erie 1st
Sold
Interest
Period
New York Stock
Bange Sinee
»
Chicago Burlington ft
General 45—-—
1st ft ref
Bonds
Week's Range
Friday
■
BONDS
Friday's
Low
IS
ENDING "NOVEMBER
WEEK
FOR
Week's Range
Friday
Monday, November 19, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2414
71
Lake Sh ft Mich Sou gold 3'As
3%s registered
__
165
/
Lautaro Nitrate Co Ltd—
A 1st
mtge income reg
110
1997
J-D
110
1997
J-D
*106
67
67%
v
1975
105%
111
102%
2
107%
•
109
./•
Dec
67'A
10
50
67%
4
1
f\
.Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
2415.
NEW YORK BOND RECORD
RANGE
BONDS
?:•
New York
Stock
U'„,
¥
Interest
Exchange
Friday
Week's Range
Last
•
y or Friday's
Sale Price
Period
'
January
No.
Low
New York Stock Exchange
1st
.1054
ref s'jnk fund 5s
ref sink
5s
fund
F-A
93%
>1974
5s
F-A
98
100%
Non-conv
•
92
93
89%
93%
•92%
1974
stamped
100%
•92%
87 y*
80 %
3%s
3%s
1954
deb
4s
1955
deb
4s
Val
Harbor Term gtd 5s
F-A
1954
Lehigh Valley N Y 4Wig ext.
1950
Lehigh Valley RR—" f( <
,
4s stamped
modified™
2003
•4*'. ray.. • „;^„v. ^nl -( :. anni
4% s stamped modified-———2003
4%s
'v
registered—...
81,
87'A
J-J
88%
i;
1950
A
96
Debenture
certificates
52
50%
M-N
55%
53
55>A
51
51
51
Af-N
61%
A-0
—2003
83
61%
83
A-O
Liggett & Myers Tobacco 5s
1951
A-0
4s series
83%
49
53% ¥76%
118%
I
118 «/2 119
78%
93%
14
127 y*
118%
121
1962
M-N
•115
1949
MS
•—
1949
MS
106% 106%
1949
MS
F-A
106% 106%
119»A 119'A
6
1951
A
A-O
104% 105
4s
ref
gold 4s
4s
stamped—
Lorillard <PJ Co deb gs..
3s
debentures
116
107
I
106%
108
|
106%
107%;
t§AN Y West & Bost
1
118%
120
3
J-3
1968
M-S
107'A 107'A
109% 109%
3'/as
105%
105%
105
103%
105%
15
3%s series P
2003
ref
27/as ser G—
2003
A-O
Paducah & Mem Div 48—
I
—1948
M
98%
4'/2s
98%
66
95%
98%
1
5,
102 Va
MS
•102% 104
100
U~N
•117'A
Central
RR
4%s
1st mtge & coll 4s
Manati
1960
conv inc..:
Western Ry 1st gold
A
Sugar 4s sink fund—.Feb 11957
a Manila RR
(Southern Lines) 4s
__
75%
t§AMet
F-a
El
4s—1938
(Chic)
90%
Lans & Sag
1st
gold
Ref
&
-1951
3%S
91
103
j-3
Michigan Cons Gas 1st mtge 3'/2s_1969
f§AMidland of N J 1st ext 5s—
1940
105"
28%
j-d
2047
Paul
32
52%
26
mge^.4y2s inc
AGen mtge 4s inc
Mo Kansas & Texas
98%
5
89
105
107%
15
impt 4yas series
A
48
11%
32
ser
v
ser
A™
1st 4s
j-3
78
j-d
1990
87%
104%
4
?
States
4y2s
;
59
74
•137
A 1st
&
&
' r
102%
39
78
279
65
81
89%
117
77%
:
124
128
117
31
108%
119% •
114%
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21
106'%
115
81%
111
72%
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.
118
80%
■
>
71
78'/2
¥•77
103% 104%
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108
f-a
1964
ms
series
1978
j-3
D
84
91%
26
79%
98
i
83%
39
65%
88
!!■
83%
84
U"
94'/a
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.—1965
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.—1973
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5s
MS
96
125;
95
ioo y4
•
69%
27
93 Va
110%
103 7/a
105'A
1st mtge 3%a
102
104%
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—
102'A
;■"/•....
•—
mm
■
107%
¥
72%
365
33
59 %
665
1977
MS
100
95 % 100%
1978
M-N
100%
95
Af-N
41%
42
73
iooy2!
156
72%
100% 2
702
100%
39%
I
14%
43 %
*
95% 100
91
72%
100
•?
100
95% 100
351
72%
100
I
Moh'k & Malone 1st gtd gold 4s—-1991
M-S
Tramways
Morrell (John) & Co 3s debs
1st
gtd 3y2s
F-A
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•'"51-
m-s
105%
A-O
100% 100%
103%
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100%
20%
53.
27
26
j-3
99%
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101 ii 101%
26
101 ii
103'A
102'/a
102'/a 102%
9
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102 V*
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24
102'A
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105%
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12
104%
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3-j
1946
;
..
a-o
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—.1946
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1
¥ 101
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—1970
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2
¥
J-D
106%
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21
P
1st
Coast Co
Gas
gold 5s
Electric
&
1st & ref mtge
105%
100%
102 'A 103
102'A
|
101%:
101%
5
Pennsylvania Glass Sand
"
103
t
\
72%
73%
62%
77
79%
80%
70
66
75%
75%
76%
223
63
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106'A 106%
3
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107
110
109%
V
i'
;
102%
102% 102%
104%
96%
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Dairy Prod 3%j» debs
Steel 1st mtge 3s
tANaugatuck RR 1st gold 4s
1960
J-D
105%
105% 105%
25
105%
108%
National
1965
A-O
106 JA
106
22
104
106%
1954
Af-N
105
107
Newark Consol Gas
5s
1948
3-D
England RR gtd 5S
gtd 4s
1945
3-J
1945
J -J
cons
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gtd 4%s series B
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N
New
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112%
96
95
102 %
112% 113%
20
125% 125%
19
123%
126
100
101
99%
1983
1953
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of
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series
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5s
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series
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N
Central
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Ref
Ref
N
&
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si
&
of
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108%
series
C
River
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3%s
__1998
—1998
...1998
92%
100
'
77
77
80
3-j
93%
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80
100
80
93
SeriJS
F
4s
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95 Y.r
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4s
-
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102
90%
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98%
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lien
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ref
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series
Pow
E__.
::
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'
"
257
91%
?
.
Y
&
Harlem
gold 5s.
4s
series
Mtge
4s
series B
Y
Lack &
1Q4Q
A
West
f-a
2043
......
86%
A
1973
4%s series B
For
1973
footnotes
see
page
J
1187/a
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14
126%
134'A
17
118'/2
127'/a
1
118%
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17
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v
F-a
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97
81
94
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f-k
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28
10
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104
j
4%s series B
mtge 4%s series O
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gen 5s series B
gen 5s series C
1st
lit
'
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:
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109
f
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31
11
116%
v
114%
—
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116
4,
116
i.
100
'
84
91%
107
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ref
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inc deb—
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•
104
104
107
106%
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113 y4
113 y4
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113%
116 y4?
F-a
♦114
114
114
F-a
♦125
123
m-n
1960
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m-n
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132
a-o
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5
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,
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127
<
128%
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<
,
134% 134%
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28
129
136
106 % 107%
21
104%
109
101 y2
104%
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m-n
J-D
1950
105% 105%
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104
106 y4
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1950
105% 105'%
8
103%
106%
6
84'%
99%
1
84%
99%
45
84%
99%
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—1960
97%
98
98
A-O
1959
97
A-O
1958
97
97%
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105
106
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F-A
A—-1948
1962
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3-j
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F-a
1977
1964 ;
1st
mtge 8s
rnrmmm-
F-A
195J
1986
1st mortgage 3y4s
1977
f A Providence Securities 4s——1957
t A Providence Terminal 4s
1956
Public Service El & Gas 3%s
1968
1st & ref mtge 3s
1972
1st St ref mtge 5s
2037
El
:
3-d
_
1949
♦113
105 Va ¥
108%
•_.¥
92%
128 %
37
m-n
1st mtge 3%s_1964
mtge 4%s
4%v series B
Pitts & W V* 1st 4%s series A
V
108
,
86%
1
106%
m-n
——
1st mtge
106% '
110%
„
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100%
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111
103%
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M-N
M-N
19
106% 106'A
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-
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91
80.%:.
104%
102% 103%
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138
130% 130%
106
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125
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•108
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guaranteed
cons
97%
89
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127 »/4 127'A
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guaranteed 4s
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:
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3-j
m-n
30%
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__
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108% 108%
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113
25
43 y4
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109
110%
107%
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155
j-j
¥
26
..1963
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85%
23
f 106% 107
3-j
series
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cons
941/2
78%
205
102%
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j-d
*
.2000
_
4s
123'/a
J-3
-
guaranteed gold
guaranteed.—-
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Series I
■
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1960
gold 3%s
Mtgp
N
101%
'
80
453
v
98%
•101
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j-3
1948
Purchase! money gold 4s
N
y
83%
102
83;.
3
■\
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122
A-O
..1962
3s
Pittsburgh Cine Chi St St Louis-3eries E 3%s gtd gold.—
83'A
26
104%-104%:
104%
¥'
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—1980
E
1st gold 4s...«.w—i-« .—1951
N Y Edison 3y4s series D
—1965
128%
123
—
Phillips Petroleum 2%s
<■■■':
N Y Dock
108%
124'A
¥
101
81
8
«
101% 101%
F-a
...1975
D
108%
107'/a
3
J-D
|§APhilippine fly 1st s f 4s
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86
69
.
100%
91%
a-o
3-j■
¥
1998
series
ser
—-r
a-o k 1
1997
..1997
gold 3'/2s
3%s
mmrnrnt
¥100
91%
f:
—2013
3%s
registered
mtge
mm mm
debentures
70
83%
A-O
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Ref
1
97% 101
93%
A___. ...1998
registered
Lake Shore coll gold 3%s
3'/2s registered
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8
3-D
~
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83
-.
97
'
...2013
9
107% 107%
124% 124 %
F-A
Philip Morris Ltd deb
•—
mmmm
deposit
series
106'A
107% 107%
3-j
109 y4
108%
tr-
—1954
112'A
105'/a
—.
107%
-1974
104%
107
83
—
100%
F-A
deposit
4s
series B_
108%
107%
••i.'*
A
of
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F-A
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■
124%
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5s
107
....
deposit
impt 4%s series A
Cent
Y
RR
—
— —
D
series
A Certificates
¥
deposit
of
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A-O
1950
nos
.
107%
..1937
—1954
of
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104%
—
C
109%
112% 112'A
.
1952
104
100 Vo
107
deposit....
A 1st
117j 128
99
121% 125
121%
M-N
•—198*
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& Mexico Ry—
series A— -1938
A 1st
-
114
F-A
—1965
1968
,.-1981
108
J-3"
5s
107
105%',
111
M-N
gold 4%s series C——
.1961
Philadelphia Co coll tr 4%s_
.1971
Phila Electric 1st & ref 2%s—
..1967
1st & ref M 2%s
..1974
1st and ref 2%s
•106% 108
3-J
1952
inc
iiiNun-cum
107
103%
112
''*•
'
3'A
106%
109 ¥
110%
105
J-D
May 11948
1960
105
105%
107%
1
♦104
———
107% 108%
•
F-A
Af-S
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as
'
48
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108
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mtge 3'/aS ser
Phila Bait &
3s
tNew Orleans Te>
.
106%.
104%
-105
M-S
F—
1985
Peoples Gas L & C ref 5s
1947 <
Peoria & Eastern 4s ext——-—--I960
A Income 4s
-—--—Apr 1990
Peoria & Pekin Union Ry 5%s
1974 ,
Pere Marquette Ry 3%s ser D
1980
112%. 115%
Af-N
)
<•"'?.*.«. \.\V*
■
24
107%
M-N
1952
J *'
108%
104% 107%
104%
1
1st gtd 4s
Orleans Term
110%
101%
r
21
1974
Orleans Great Nor 5s A—
O & N E 1st ref & imp
.
99%
1980
Jersey P & L 1st mtge 3s
*105%
__
J-D
1952
-1961
1st
106%
deb
Conv
"
F-A
',vl-vV¥
i
Pennsylvania RR—
"
Consol gold 43
4s sterl stpd dollar
Cons sinking fund 4'/2s
General 4%s series A
General 5s series B
General 4'As series D
Gen mtge 4'A 8 series E
Gen
Nash Chatt & St L 4s series A—1978
-'
106%
105% 105%
J -J
3%s—...I960
,
73 y8
80
M-N
j-n.
'h'-'-f'
102%
MS
.I960
inc debs...
conv
Gtd 4s series E trust ctfs
107
96 v
3'/2s
106
>100
3-D
mtge
105%
105
•106% 107%
106
J-D
A-O
1900
series B
■
106%
J-D
>
3'As series C
1960
Paducah & 111 1st s f gold 4%s
1955
Panhandle East F L 3s B
...I960
Paterson St Passaic G & E cons &S.1949
Ref
<k. :
IJ-D
;—1971
1st & ref M 3s series K
.1st & ref M 3s series L
1974
1st & ret M 3s series M——.—1979
Pacific Tel & Tel 3%s
Hi
Co—
'
■;
91%
N
N
101
101%
Electric 2%s
Pennsylvania-Central; Airlines—;,
M-N
1947
Fuel Gas 1st gtd 5s
JANew
30%
106%
99
.47
; ¥
3-j
Gas &
Pennsylvania Co—
J -D
1955
1968
.
Mountain States T & T 3'As
Mutual
79%
J -J
—2000
—1955
Constr M 5s series A-
Constr M 4%s series B—
90
1958
ext
5s
OQ
1966
1951
Monongahela Ry 3'/4s series B
Essex
>
110
3-d
Pacific
100% I
200
59%
100
&
•107%
F-A
11
F-A
Morris
•'
—•
1975
$■
89%
112
64 ya
*
100'A
57'A
59
—1949
G
series
gold 5%s
Montreal
110%
316
107 Yb 108
104% 105%.
.—1974
89%
:V
109
93%
11
108
89% '
87
287
105
i
90'A
A-O
a
<
138'/a
118
104'/a
108 y
93%
1st & ref gold 5s series H—1980
1st & ref 5s series I
1981
a
75
136%
I
106
94%
87
j-j
4s
ref
102%
136
Oregon-Washington RR 3s ser A..1960
82%
1962
-
ref 5s series F
AConv
47
133%
13
"
3-J
.
A 1st
108%;
89%
23
59%
58%
135% 136
M-S
Guaranteed stpd cons 5s
^Missouri Pacific RR Co—
& ref
¥,
106
~2
•
109%.
& Nav con gold 4s
1946
Ore Short Line 1st cons gold &S.—1946
.
1st
44
106'%
.
1975
;
Oregon RR
116%;
120
f
75%
90'A
3-j
adjust 5s series A—Jan 1967
General
98'A
25 V'a
Power Co—
mtge 2%s
Oklahoma
V-
—1982
4u-year 4s series B
A
:
O
I
91%
97%
102
102%
j-3
—1971
1991
A
Prior lien 5s series A
A
35
93%
273
31% r34A¥
2047
trust ~4>/2s——
tOgdensburg & Lake Champlaln Ry—
A 1st guaranteed 48..—1948Ohio Edison 1st mtge 3s—
1974
1st mtge. 2%s
'
1975
•
lien
f
¥:•¥
111%;
75
.
Missouri-Kansas-Texas RR—
A Cum
'
80
10
,
Sault Ste Marie—
&
A 1st
Prior
107'A
75%
106 y4 106%
3-J
J st
107%
.
St
108
105'A
•
Minn
89
105%
44
♦1061/2 108
3-J
Coll
|
102
7
•106
—
74%
11
106
29%
105%
__
109'A 109'/4
j-d
17
86%
86
loo'/a 102
2047
&
}
102
—
105
88'
89
100%
■
103
16%
110% 110%
A-O
1939
-
•107'A
—
MS
t§AMilw & Northern 1st ext 4%s—1939
A§Consol ext 4y2s
—
10
:,
17%; "
101%
f
106 Va
99%
•1007/e
M-N
-1979
.4%
•95% 100
33%
Q-J
Q-J
Q-F
Q-A
|
105%
102%
105'A
28%
m-S
-1952
3%s
impt 4'/2s series C_.
44
MS
Northern
Michigan CentralJack
}
101
•31%
registered
1997
Gen lien ry & Id gold 3s
Jan 2047
3s registered
^
....
2047
82%?
80%
30
103%
•105
—
30'A
11% 112%
44
M-N
4s
101%;
100
•102
__
17'A
72
F-A
F-A
MS
(Wise)
•_.
M-N
^
231
105%
J-3
.
1974
•65
A-O
A-O
Side
3
89
89
:•
A-O
117
65%
13
M-N
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s
1950
West
76%
101% 101%
M-N
1959
1955
McCrory Stores deb 3'A
86%
106
A-O
impt 5s series C
Ref & impt 5s series D
3-d
108%
23%
105%
2014
Ref &
3-d
B—1954
ser
ser
:V
SS-;
107 y4
'i
101% 101%
A-O
4S.1996
M
Maine
59 y8
p 165
-
21'/a
■
M-N
Ref
...
70.
25
—i
J-/
1974
Northern Pacific Ry prior lien 48—1997
102%|
114%
mtge: 5s
&
North Central gen & ref 5s
Gen & ref 4%s series A.
t
100%
1980
.
Atl Knox k Cine Div 4s
y'
68'A
3-J
Norfolk
98'A
F-A
\MS
1998
111%
33
,r
105%
106%
;
93%
170
A-O
18
f
82%
34%
u
U-S
Norfolk Southern Ry Co—
1st mtge 4%s series A
74%
63
83%
31
♦107'a
3-J
107%
54%
57
206
11%
I960
103
f
71%
69%
1 v.;
1946
105%
77
65'a
J-D
;•
1943
1st
56%
90%
22%
1940
;
r,
69%
M-S ¥■''
1937
gold 5s:
A Terminal 1st
gold 5s
r
77
88
33%
y:;
Niag Lock & Ont Pow 1st 5s A—.1955
1955
St Louis Div 2d gold 3Si
3-D
1965
4%s
100 %' 100%
A-O
1st &
3%s
v
75
56%
71%
M-N
6usq & W 1st tot 5s———1937
AGen
ref M
64
74%
55
90
*
1992
Niagara Falls Power 3%s
-..a.
64%
54%
,
v •
1355
f A General
Louisville & Nashville RR-&
■
76%
97
67%
1963
106%
Louisiana Si Ark 1st 5s series A—-1969
1967
;
N Y Queens El Lt & Pow
gold
66
M-N
Light 1st mtge 2%s_1975
Putnam 1st cons gtd 4s
—1993
N Y
67%
1934
K Y Bteam Corp 1st 3
|
67%
3-J
of 1927
23
65
66
Af-N
1937
109%
107
Louisville Gas & EJec
lst
High
63
65
63%
3-J
58%
43
•64 v8
67
A-O
;
y'.
67
64%
—1940
Generalv 4s
{ A 2d
Long Island unified 4s
Guaranteed
January 1
Low
66'A
66 y4
MS
Y Power &
N Y &
132%
2
;
A
N
|
3a
132'A 132'A
1963
gen
Range Since
«old
No.
High
3-J
—1948
tAN Y Ont Si West ref gold 4s_i
66% |
j
--
Lehigh Valley Terminal Ry «xfc 58.1951
Eastern 1st 50-yr 5s gtd.
1965
Miami
Bonds
Friday's
A-O
>•
1950
6s
& ref 4%s series
1st
-71% )
.
47
1
*
58
47 y2
155
deb
X A Harlem River & Port Chester—
i:69%
,64%
45'A
3%s
8 A Collateral trust 6s
ADebenture 4s
A 1st
45%
358
52%
50 %
Lex &
Little
AConv
|
•rr
M-N
—2003
5s stamped, modified—
79
79
MS
1947
deb
ANon-conv
91
3D
deb
A Noil-con v'
95
73%
1947
ANon-conv
i
;.90%
48
4s
ANon-conv
95%'
88 Va
deb
f
Leh
or
Bid & Asked
Low
High
99
•93'A
1964
__
99
•99%
.1964
stamped
&
90 ■¥'.
F-A
.1954
stamped-
5s
Week's Range
Last
Sale Price
Period
XN Y New Haven & Hartford RR—
1st & ref sink fund 5s—
5s
Friday
Interest;
1.j
Lehigh Valley Coal Co—
1st &
16
BOND B
Sold
Low
¥
NOVEMBER
Sincei
Range
Bid & Asked
High
ENDING
>■}
:
Bonds
• >
WEEK
FOR
♦243% 245
160
224%
245
THE COMMERCIAL &
2416
RANGE
Period
;
or
High
Low
.
No.
J-J
1964
2%s deb
102% 102%
R
Gas St Elec Corp—
Gen mtge 4 Va-J series D—
oen mtge 3%s series H
Rochester
?
/
■
J-J
Reading Co Jersey Cent coll 4s
1951
Remington Sand deb 3%s——--195$
Rensselaer & Saratoga RR Co—
Gen mtge (4.7*
for 1945) due. 1975
Revere Copper St Brass 3Y4t--.-—'960
IS A Rio Grande West 1st gold 4s—1939
A 1st cons St coll trust 4s A
-1949
:
i
.
106 %
-
f 108
"i
74% 1 76
20
62
76
M-S
'*18
J-J
J-J
23
110
V
109% 4
51
24%
23%
1st ref 4s
.76%
16
27
vBt Jos &
St Lawr
A-O
30
.
4jim
Louis-Southwestern Ry~
18t
x64%
49%
•
...
J-J
79
79
J-J
92
91%
%
deposit
of
ACertificates
Line
Air
Beaboard
flkeliy
132
52%
.
..
.
54%
■>
69%
54Va
69%
71
71
70
71
.
*9?% io£ :.
77%
100%
•
99%
22 '/a
79»/4 j ;
,76
;
Pi Gen
■*
V
104%
106
102%
102 % 102'/a
.101%
103
102%
102'/a 102%
101%
102
101% 102
106
106
*72%
F-A
1979
J-J
1985
F-A
17
102
21
105%
126
130
\
107%
Gold
Gold
107%
1st 4s
Term
Pran
102 Va 102%
•—:.%;
40
101 >/e
102%
M-Q
103%
102%
101% 102 Va
M-N
102
'
<
243
RR
1st mtge 2%s ser
3%s series B
v'
i.
*•
3%s
series
Southern
'
Devel
Devel
■
&
p*
"
gen
T
gen
Div
T.o»hs
eold
l«*
J-J
A-O
A-O
118
A-O
S
132
J-J
Oil
N
J
deb 3s
*107%
Oil Corp 33/4
102%
103%
1959
1956
J-D
106%
1901
debs
M-N
133
111
114%
122%
116'/a
125%
106
109 %
102
102%
79
:
64 Va
105
.;
r
101% 110% if.
103% :.106%'5^
';/3
.
'
•
41
V
r
.
■
1r
<-
•
I
•' V
*,
95%
92%
-
92%
F-A
f
;
>j.
&
-
84%
98% 103% i)i
M-S
■
j.
.
.
:
;
V F-A
•'
Q-Mi-4:F-a V
'
■
:
j-d
X
'
J-J
*102'A
'
;
^ .0^ 79
92% 114
%
j
108% 109% :
107
107'A
52M*
106 Va
110%-!
J-D
21
105
108
M-S
107% 108 % '
30
105% 108% K!
108%
M-N
107%
M-N
—
j-j
■'
83
M-S
88 »A
"82%
50
77 Va
58
74
87
109 %
•99
103%
1
106
*105%
J-J
*117 Va
•
-
M-N
43
1968
1971
A-O
117%
...
106
A-O
90%
107
105%
115
—
—
91
84%
95
76%
231
,
79%
*106'/a
92%
19
-/> 58
>4
43->r 46
49%
42%
20
105%
108%
108'A
—
108% 108'A
J-J
a
110'/a
103%
103
106%
105%
107%
105
not
sale
dollar quotation per 200$4.8484.
reorganized under Section 77 of
tThe price represented is the
Accrued interest payable at the exchange rate of
^Companies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed^by . such companies. -
r
•Friday'g bid and asked prices; no sales
106%
104'A
n
§Negotiability impaired by maturity.
pound unit of bonds.
105%
60
the year's range,
in
in the year's range,
d Ex-interest,
e Odd-lot sale
Under-the-rule sale not included in the year's range,
r Cash
y Ex-coupon.
\
delivery sale not included
Deferred
included
106
<
A Bonds
being transacted during
current week.
selling flat.
isailill? NEW YORK CURB EXCHANGE
AND
WEEKLY
in
a
footnote
In
v?^ deferred delivery Sales ere
the week in which they occur.
♦
In the following extensive list
Nov.
10,
every
and
ending
the
security, whether stock
taken of such sales in
No account is
furnish
we
present
Friday
a
New
16,
1945).
Curb
Friday
Exchango
v
•
Last
Par
ACP-Brill
A
D
F
Aero
Motors
Wire
;
1
Associates
Air
Investors
Convertible
Inc
(N J)
1
common
Mfg Corp
Air-Way Electric
Alabama
Great
Alabama
Power
For
.%
29'A
.*"
Appliance^
'
,
RANGE
18
Low
■: 8
27/e
2,800
29%
200
21V*
10 %
13%
5,000
17%
1,500
18
18
4%
Jan
High
:
-J
10 %
10%
3
8%
8'A
11
8 Va
32
Sep
Sep
Co
$7
—50
preferred"
2,100
'■
200
/
Aug
9Va
Nov
Nov
22% May
pv 6
Nov
,
19%
Jan
footnotes
130%
121
127
see
page
Aug '
2% Mar
;
11,400
5l/2
8%
,1,700
3%
130%
210
•
5
•
37 V4
Curb
York
fe
Last
Allied
Allied
Int'l
.1 *
-
'%
for Week
Range
of Prices
Low
-
Sales
Week's
Friday
Exehange
Par
Range Since Janemry 1
Shares
>
V"
High
11
.
58%
29
700
60 %
<
6%
Sep
Goods
Aluminum
Aluminum
'Nov?
6%
99 7A
Jan
Jan
20
115V4 May
20
106
Jan
Apr
j,l
Ltd
9 Va
Nov
American
Book
Central
110
10%
July
Nov
American
•
Cities
Convertible
Co
Mfg
A
tv4m
—
1
Nov
Jan
117
Feb
24%
19%
Jan
25
Nov
300
15%
Jan
26V2
Jan
36Va
Jan
122
Oct'
110% July
-24%
117.
21%
117%
4%
800
5%
6,000
10
59
'
1,300
19
20
47
48 Va
350
8%
6,100
St iuight—
ir
48%
Nov
1
8%
7 Va
'-/V r-;
11%
Nov
60%
Mar
46
^ Nov
57a
1% Mar
Oct
25Va Jun
Jan
i
Aug
44
..29
..25
B
.60%
Jan
112%
200
20
July
Class
.
36%
1,100
59
.100
*
Power
class
...i
common
Nov
11% Oct
V
4,600
.100
Beverage
Feb
60%
X56 Vs
58%
-?114% 117'
20'A
117':
common
American
119%
—
"
preferred.
Oct
132
117
Industries common
Aluminium
Apt
Mfg
4R
Jan
107%
x56%
100
preferred
-
8% Jan
Aitorfer Bros Co common—.—.—
Aluminum Co common
High
J
Aug
37
::io
(Michi
Products
low
■
Investing $3 conv pfd_
11%
Jun
119% 121
6%
2421.
.
Sale Price
Nov
18
11
109% 109%
common
'
'
\
.' Apr
13%
Jan
3%
36% May
-50c
16
NOVEMBER
American
Southern
Saturday
include
itself, and is intended to
"
~5% ~5%
4%
ENDING
STOCKS—
700
15
WEEK
New
19%
5%
18
FOR
Range Since Jsnvary 1;
High
—10
nreferred....
Alles & Fisher
7
13
3
Dreferred.
Alreon
6
week beginning on
the JSfew York Curb Exchange for the'
Sales
Shares
1
common_I__X
Mfg
on
from the daily reports of the Curb Exchange
for Week
i:
'
B
Air
29%
5
Buppiy Mfg class A
Class
Range
of Prices
Low
.7%
~I)0
cuinmoii
Co.—.
Ainsworth
$6
warrants..
Week's
~v-
Sale Price
Acme
is'compiled
It
regular weekly range are shown
bond, in which any dealings have occurred during the current year.
or
»
x o c k 8
York
RECORD
YEARLY
computing the range for the year.
complete record of the trans actions
(Nov;
-
«
,
disregarded in the week's range unless they *r e the only transactions of the week, and when selling outside Hthe
f:
''
"■
■■
M-S
J-J
;>i
110%
104%
*l095/a
M-S
ivf
90
83%
\ 87
__
103 v*
10134
6. :.
102% 102%
■
88
j-j
"
1936
Power 3%s
107%;
104%
1
v
It
106% ilO'/a
35 ' '
106% 107 Va "
110% 114
deposit
of
;
115% 117%;
105% 107% i
XV 15
106% 107%
',107 4,..
.
-
i
105%
103%
y
' }•
X
105% 105%
—
107%
;
" yii,' ■'
y'
73Va
t
1
.
'
..
*116% 117%
'
194i
Central 1st 4s—
~
*103% 104
•
••
1958
1960
1st 4s
S B
65-
•63%
■
'
■
f
103%.
.
60
v';
•
5
107%
102
>
,"%?•!
100
.f
46
•102% 103
<
;•
6
106% 107%
107
a-o
93
39
62
102% 102 Va V
•/
-10$4}ty
99-
93
.
102% 103%
•
$a-o" f <4
97
not Included in the year's range,
66%
10
—
•'
*,
Apr
118%
57
'
•-
1
106% 106%
*105%.
123
'118
105% 106%
1970
Public Service 3%s
Wisconsin
17
*103% 104%
—
^
104.V«'f
103%
'
Va
22
yy.-
103'/a 103%
M-N
\i%$
100% 191%
V
110% 110%
Apr
A——1992
1st mortgage 3s
Wisconsin Elec
104%
106
■■
j-d
f ASu & Du div St term 1st 4s
ACertificates of deposit—
105%
95%
Co
61
ACertificates
101
103%
88
102'A
102
105
__
J-D
:
109% 109% ^
112% ^15%,
;
4s.——195D
& ref M 2%s series
J A Wisconsin
3
123
29
—
*62
F-A
1901
Superior Oil 3Vas debs
Swift St Co 2%s debs
104%
144
133
117% 118
121% 122 Vr
y *125'/a 129
■u~i
A-O
debs
99V4
64
"
v
105% 106 V4
—~:
104
98%
122%
106%
M-N
5s
Winston-8aiem
107
40
104 »/a 104%
105%
Apr
Tele
107%
20 /
%
-v..
110%
A-O
A-O :
Wilson
104
121%
104%
J-J
of
Standard
8unray
J-J
—1985
Bell
Oil
107
104%
—
*118
J-J
1971
B
ser
Wheeling Steel 3% series C
102
84
'
lost
4s.
2%s
104% 104%
1956
1956
.1990
5s
104%
lnternat 1st gold 4VaS—2013
Calif 2%s debs
1966
Southwest
ubpoaaiie
Stand
gold
J-J
1950
6Vis
1st
Div
■
105
'1,'
:
100% 101
1994
6s
&
Devel
Mem
101
..1996
gold 5s
cons
4s series A
gen
J-J
1986
.
C.———
1st
Ry
St
1961
.
—
*103%
1. '
May
Co—
A
107
103%
*101% 102%.
M-S
3VgS—
mtge
Gen
1
102%
85
.
193
;
106% 106%
106%
105 Va
85%
100
....
102% 103%
103 %
A-O
1950
101
102
M-N
92%
152
103% 104'/a
M-S
^
Pacific
Southern
.
*115%
M-S £*
1960
Westinghouse El & Mfg 2Vss
1951
West Shove 1st 4s guaranteed
2361
Registered —————.—2361
Wheeling A Lake Erie RR 4s
1949
'
110 V*
1981
4%s
q»n
34
1968
1969
4 VaS
104
■
AVJ
*114%
M-N
B—-——,—1995
Co 1st mtge
30-year
>
107% 108%
108
:
i.
106%;
.104%
5
X'5
-
P.
3%s series L.—-1966.
Maryland 1st 4a_—1952
Pacific 4%s inc ser A—2014
Western Union Telegraph Co—
Fundir.g 8c real estate 4%s
1950
25-year gold 5s
1951
'80
101%
*129;"'— ;.
1977
(Oregon Lines) A
4%s
*
'
"102% 103
m^S.
•
Western
Pacific Co—
1st 4%s
Gold
"
107'/a '
'
(■''/
1
Tfv;
•
105% 106
.
*106
Western
Southern Bell Tel & Tel Co—
Boui-iiern
106
35
105
102%
,
106 % 106
/
A-O
West Penn Power
I
103%
>,'66
74
106%
106
106%
A-O
debentures
r; "
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gta——1950
100
J-J
J-J
^
;
113%'
>
101%
145,.
104% 105
104%
.
A-O
Baking Co 5%s debs
(subordinated)
1970
Warren
Petroleum 3%s___
1955
Warren RR 1st ref gtd gold 3%s._2000
Washington Central Ry 1st 4s_i
1948
101
79%
22
79
J-J
am'm*-
20%
.
74%
J-J
1941
•
,
no
1103
Ward
74
,
100
100
M-S
1964
2%s
}. u.-»
;•
105V4 106%
.
i;;
'102% 102%
M-N
———.1958
:
3%s
mtge
Walworth
74%
70
70%
1965
—
i
'HmMU
•
34%
34%
r
J-J
inc series A—..—1981
inc 4%s series B——1991
mtge
1st
-
1963
debentures
J-D
4s
mtge
Gen
53%
'
gtd 5a
3s
5s
cons
Gen
53%
53%
52%
53%
52%
53%
A-O
Socony-Vacuuia Oil 3s debs
St Nor Ala RR
j
mi£''{'•
■
'1
110% 110%
.
-
South
1st
.
Af-N
debs
t
Wabash RR Co—
119%
115.
*114
P-A
2%s
XiyViif'
A.
i v
*102'A 102%-"'
110%
w
(Joseph E) & Sons 3%s_1965
Oil 2Vas debs
1954
1961
■
105
103
T
120
—
*
60%
102%
.Mi-
*105%
5
v
A-O
.132
A-O
70
'#
94%
45%
101
1
,r
*
1935
Oil
''.
275
/
104
101
v..
J-J
A—1988
1957
series B—
Virginian Ry 3s ser
105% 105%
M-S
;
84%
;
41
89 Va
49%
•103
M-N
Virginia Electric & Power Co—
1st & ref. mtge 2%s ser E
1975
Iron Coal & Coke 1st gold 58—1949
Va St Southwest 1st gtd 6s_
—2003
*,
49%
48%
99% 100
2%s sinking fund debentures.
tIASilesian-Am Corp coll tr 7a
*.
108 V.
150
102%103%
—
87%
47%
101
101W' vviV:
v
M-S
Va
92%
M-N
Union
Shell
,
79%
-
►112
mtge
•»Seagram
' '/•
../f. V". -'
RR cons g 4s series
Vandslla
.i
4s ser A wl
Gen mtge 4%s ser A wi
tAbeaboaid All Fla 6s A ctfs
1st
105%
130
2
49
I
f-A
1947
——1970
1971
•
Cons s f 4s
A-O
:
?
r
.
49%
,—-}
Co—
RR
,
F-A
{Seaboard Air Line Ry—
IA 4s gold stamped
195G
A Certificate of deposit——
i A Refunding 4S-———————-I960.
ACtfs■ of dep (N Y Trust
i
ACtfs of -dep (Chemical Bank)-—.
Alst cons 6s series A
_——1941
4.4 ACtfs of dep (Guaranty Trust)-—
ACtfs ot dep (Chemical Bank)—
>.'. JlAAtl & Blrm 1st gtd 48.;
1933
i
{
92
91
J-J
5s
AGen St ret gold 5s series A
J-D
11
*104
J-D
debs———1955
Universal Pictures 3%s debs
1959
114'
A2d 4s inc-bond ctfS„———Nov
IA 1st term & unifying
f
106%
RR—
land grant 4s
35-year 3%s deb
,
49%
114.
M-N
>
1
139
B7%
.'
J-D
———1970
i.
34-year 3%s deD—
,
B&
:
lOTVa
68
47%
47%
109%
103%
6
'
A-O
United Biscuit 3%s
69
x64%
•
50
MS
certificates—
bond
4s
60%
X65
•
,
<•
,
65%
64%'
S0%
X65
'
Pacnlc
St
1st
.
•
99
98%
•
X60%
J-J
1989
1989
1952
;
1990
Bt Paul St Duluth 1st cons gold 48.1968
.• tfASt P & K C 8h L gtd 4%S-—1941
St Paul Union Depot 3Vas B
1971
Scioto V b N E 1st gtd 4s
—1989
1st
94
61%
J-J
4; id Prior llen; 5s series B———.—1950
■ACertificates of'deposit---..—
/TCons M 4%s series A
197S
v
ACertificates of deposit etpd_—,
-
Union
,96%
^ii.^yj#,)p;,tfL..
'!?,
98%
J-J
stpd.——1958
; J8t Louis San Prancisco By
i APrtor lien 4s ser A—.—-.-—1950
:v.'„Vi';v "ACertificates of deposit
P 5s
'
105
>
106
106 Va
•
J-J
of Mo 3%s——1971
2%s debentures
;
*96
130
U
—
; 94
—
A-O
103
125
13
103% 104
101
4
107% 108
103%
;
J-D
Orl 3%s—1974
1960
f
1
*103
J-J
—1996
-—HS?
V 2d gold 6s——
St- .lr Rocky Mt A
*106%
High
-Low
i
17%
25
■
J-J
lanuarv I
>
■
1966
1947
Range Since
...
52
.
139
M-N
ftAUnlon Elev Ry (Chic) 5s
1945
Union Oil of Calif 3s debs.——;—1967
Ltd IstM 4 %s
Grand Island 1st 4s
& Adif 1st gold 5s
High
108
v
J-D
income 5s
Union Electric Co
Baguenay Pwr
Bonds
«old
No.
,■
129% 129%
a-o
Jan 1960
3%«—1960
Toronto Ham St Butt 1st gold 4s—1946
Trenton Gas St Elec 1st gold 5s—1949
Tri-Continental Corp 3% debs
1960
4
108 %
60
23%
*59
'
,
Tenn RR of New
A Ad J
109%
--■Xr
Pacific-Missouri—
Pac
108%
*108% 110%
—
—
Pacific 1st gold 5*
Third Ave Ry
108%
J?
*108
—
'■
F-A
Tol St Ohio Cent ref St impt
MS
M-S
:
102% 103
J-J
1950
1959
1966
—2000
3s deb
Company
St
Texas
79% I
*125% r—
MS
■'h Gen mtge 3%s series I
1967
Gen mtge 3V4s series J---1969
JIAR I Ark & Louis 1st 4%S.
1934
JARut-Canadian 4s stpd
—
1949
IfARUtland RR 4%« atamped—1941
> "
M-N
2019
imp M 4s ser C
&
debenture*
38
1965
pipe line 3s
St Louis—
Texas
98% 110
H-S
1977
1967
103
—
108
A-O
?
108
;
105% V
104%
17
107% 107%
Ref
Texas
107 7/s '
*104
M> N
j.js
Low
••
v/
;
Friday's
Bid & Asked
RR Assn ol
Tcxarkana & Ft Smith 5%s A_
107% 1
102%
*106A 109
—
or
& Transmission—
Gas
1st mtge
f":
Last
Bale Price
•,
Tennessee
*106
Stock Kxebango
,
Terminal
A-O
Interest
Period
100% 102%
J)
*
•;>/ Friday Week's Range
BONDS
Hew York
Range Since
* January 1
Low
High
(
Quaker Oats
16
NOVEMBER
ENDING
.
Bonds
Sold
Friday's
Bid St Asked
Last
Bale Price
Interest
Exchange
Range
Week's
Friday
BONDS
York Stock
New
WEEK
FOR
u
BOND RECORD
YORK
NEW
Monday, November 19, 1945
FINANCIAL CHRONICLE
/
Nov
54
42 Va July
2
Jan
Jan
8%
Nov
A
■
(i.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
,Volume 162
NEW YORK CURB
;
.
New
Week's
Friday
stocks—
7,/:/ :*
York Curb Exchange
/.y
of Prices
Pa*
Low
Fork
American
49'/a
Hoe
&
Gas
7 2V*
:
2%
62,400
24 Mi
23 Mi
42 V*
43
10
100 *
preferred
American
General
13%
14 V.
44
V S00 ■V:">
45%
common.—10c
Corp
v'
Canadian Marconi
Nov
24%
v
Nov
•
1
convertible
$2.50
preferred
45% >7
1
convertible preferred
650
Jan
;
14 Ms
%
Nov
July
54
Jan
v loo
:
52 M»
52
52 V2
25
26
25 Mi
26%
20
44%
43
45
1
47% May.'
.
July 1
Nov 4
"
American
Rubber
Hard
Co
.American
Laundry Mach
Light A Trac common
preferred
American
:■>
6%
23%
>27%:/';
,:</
18
24%
200
44
•
27
.
Jan
17%
10,400
27%
Mar
32%
1,050
•
27%
23%
25
25
400
>
Jan
25%
45
Apr
v
Oct
Mfg
American
•
American
Potash
American
Amer
?
y';
1st
Chemical
St
•
Corp
preferred
$6
American
Writing
preferred
2~%
.
,
V?
-•
Inc
Argus
.9%
1
-„_™—*
Arkansas Natural Gas common
•
iv
Common
6%
-Arkansas
Aro
class
Power &
Oil
Associated
.
"Tel
Associated
Atlanta
/300
20% Jan
;;
6%
: *
111%
5%
10%
26
;
6%
•
56,000
13%
Birm
Tei class A_,
&
& Coast
Line
Co.*.
11
/<
.10%
.
v
H
7%y
1
y
24%
14%
I
:
0%
%
8
9%
9
20
,
9%
'
19%
■
f
.
2%
104
12
preferredt Ayrshire Collieries Corp
]:
f
25
—
?
y
;
de
Nov
f
10%
Jan
20%
Oct
I:
27%
,450
23
300
Jan
28 %
Steel
Rights
w
7%
28%
Oct
41%
41%
41%
100
40
'15Ve
1
:15%
500
lOVs
4%
4%
.4%
: 24,600
r%
—.
:
5
1
? Bellanca
Aircraft
20 Vs
4 8»A
:
11
7%
.,
; 9%
'
8»A
ii
150:
:
-
Jan
5%
500
-
Oct
yy
:
Coal
453
1,400
18%
6,300
18%
1
5
.
:
3,900
5
■
•
4%
•
;
Nov
,
5%
4%'
14%
13%
155
y
Oct
24
22
25%
46%
28%
36% Mar
Jan
r;T
7%
t
Co common
2,100
/
425
•/Breeze
Corp
Brewster
Mfg
Co
Co
$5
-
:
$6
15'A May
24
Jan
5%
20%
22%
Bunker
Burma
Surry
Hill
it
5%
5 Mi
9%
,
H)
-
5%
;/•
8%
:
.
■
'
•
;
—
Callite
20%
116%
38'A
Nov
crowiey
Sep
Crown
144
Nov
20%
,
29%
3
Crown
0
Drug Co common
convertible preferred
Nov
.250
—
5%
6%
4.600
22%
,
.
1
22%
3%
10 Va
68%
Nov
5%
Oct
Crystal Oil Refining common—
—10
"$6 preferred
—
25.'
Sep
Cuban
Atlantic
Sugar
Nov
Cuban
Tobacco
common
Jun
Curtis
Lighting
Jan
Curtis Mfg Co
Jan
3%
22%
Feb
f,
...
Mar
21
.
32
39%
500
5%
1,000
;
8
•
Inc common
(Mo;
——...
•
•
Corp—
—
Fire
Feb
Feb
91
I
—-J
;
9%
9%
8%
■J
6.300
Nov
34
Sep
Detroit
Nov
6%
100 '
Sep
V
■
1
14
13%
y;
10
2.200
—-1
Mfg
St
Detroit
Gray Iron
9%
45%:
Nov
Mich Stove Co common
Detroit Steel Products
Jan
10 '/s
Feb
De
14%
Nov
;
20
1
-1
Foundry
Jan-;
9'/2
14%
Gasket
preferred
Nov
Jan
y„
,:il05%
-
105
fe
22 V*
18%
2%
3%
11%
•v 10%
121/4
22 V*
Nov
105
1.300
10%
>30.200
105%
22
Jan
•
:
9.100
Jan
3
227.000
25c
J&n '
•
"•
3%
Detroit
>
>
Vllbiss Co common
69
68
23
25
5Va
5>A
6Mi'%
preferred
7%
preferred
Nov
>:
,
'
Nov
•
Car &
Participa ting
Canadian
Class
50*
;
4%
,
4
3%
1
10
7
/•:
12 Va
12 %
Nov
|
Nov
y
12%
11%
y< y?. y;:
;
1
.
2
2.000
4Va
13
12%
7
4Vs
1%
Jan
4% May
7
7%
Jan
10%
Sep
4.900
6%
Jan
13
Nov
7.
;
400
100
—-
25
—
v
■
29%
29%
25
12%
13%
400
11V*
13
.
Nov
Oct
Jan
23
Sep
5
July
8% Jan
5
July
20
;.
:
12%
6% Mar
4.500
5
*
Foundry Ltd—
preference...
4% NOV
Jan
,1% Jan
;y: ;y-^
common
8%
Jan
108% Apr
108 Mi
footnotes see
•
2421.
1
Nov J.;
4%
13%
102
350
•>
12%
: 2Va
84.000
:
25%
6%
6%
105 V*
102
3%
4%
40%
1,250
9%
28%f30
2'A
2%
200
32
9%
30
-
2%
3%
13
8%
18%
8 Ml
4
14%
19
24 ;
5.700
2 Va
25 V*
10.000
109
10 Va May
8
2Va
>■
6%
5,200
>
~6 'k
•••"5%
"5%
;
60
22%
22
,
Jan
Apr
32
32
70
-
•
> 14%
22% Mar
31
-900
12
24%
Aug
29%
42%
:
42
;
11%
Nov
1.400
13
Nov
Oct
Oct
6
5 V2
Jan
Apr
.*
..
;.
:y:k"k' :;kf
46
Nov
22 V2
Jan
45
Nov.,
35%
Feb
40%Mar.;
7%
Apr
5 V*
2,000
45
7
13-"'
12
12% ;
12%
1,100
13
i2ye
3,800
Jan
Jan
13
Dobeckmun
Co
142 V* May ji
8
Sep
14
Nov-?
Jan
25
Nov;!
12%
13%
25
23 Va
25
500
16
21
21%
150
20% Aug
4>a
8,000
1%
Jan
4%
9%
3,400
5%
Jan
10 Va
"4%
4
y
4,200
21%
T
Sep
;
25%
30
37 Va
Apr
38
Sep
t
Feb
712%
13% Oct
18%
8,700
18%
-
•
100
19
^2,300
30%
32%
49
49 Mr
300
"6%
19,700
5%
18%
-11V*--Jan;
Jan
20
4%
B—
Chem Co Ltd—-
12
79
2,100
12%
79
i
6%
19
Oct
-
32%
Nov
Apr
91
Corp..
61
103
103
103
-
:.-y-
61
«
6Va Nov;
13%
Nov?!
Aug
Aug
15
79
74
Apr
38% Ja«
84
1
Jan
8% Sep
.
8Va May
3% Jan
Nov
,
Oct
95
66
Jun
103.
Nov
.
Dunlop Rubber Co Ltd—
m
1
Am dep rets ord reg —
II
"Durham Hosiery class B common—
'
•'
t
9% Aug
15%
Nov
6%
Nov
15%
400
6
6%
14
14%
1,000
1,000
6%
38,900
2]/a
Jan
6 V*
Nov
97'/a 100 Va
71
74
700
78%
Feb
100 %
Nov
2,950
46%
Feb
76%
Nov
15%
-J
1
11% July
& Fuel Assoc common
4%*> prior preferred
fit
preferred.
9
6 V*
100
99
100
73 V*
4 Va
„
•
Apr ''
May
50
725
••'■•
Of. I
52
67
50
94%
.10
20
7
<;
28%
15
7
•;
-!
Nov:
Apr
25% Mar
—
Duval Texas Sulphur
j
Nov'
•
1
Duro Test Corp common
Oct
i /
16%
18%
1
rmke Power Co—...—
I
Oct
Jan
10%
•"<;;
r.il%.:3i"-
19
Driver Harris Co.
Jan. j
Nov
27
8%
9%
Textile Co Ltd
Draper
Oct'
Apr
13%
Steel & Coal
Tar
Nov.;;
Apr
100
138
common
Dominion
Nov'
13%
82
Nov
13%
Oct''
15V*
lOVa July
.
Jun
8.200
750
(
:
Oct
72
Apr
29%
15
OCt
6 %•> Oct • 7
< 4% Mar
14%
/
Feb
Oct
3%
22%
28%
:
Nov
11% July: j
19%
6%
Jan
2Vs Jan
1.600
"65"
60
29%
Oct
Nov;]
4
14%
July
25%
6%-.
,
31 Va May
Jan
15
-
"6%
I:
Nov
Feb
40% Nov
7% Mar
6.200
> V 350
'
<;
Nov
{ '
] '
4V2 Nov '■ ;
6V2
Aug
V
7
Oct'!
Nov
Oct
3V2 Nov
14.100
8%
12%
Jun
:
8%
40.500
•:
Aptly"
Nov. '
29
2V2 Aug y
19.600
39%
4 Mi
40%
■■•WVaWoyj kj..
Jan
84
330
7
I t;
113
14% Mar
2
Jan;
10.300
*
Nov]
10%
.
Jan
'
38%;NoV!
.
,
J an
h
200
4%
25
25%
Jan
;
Novk
6
:
/'•• 6% Aug
-6,700
1%
:
Sep
Jan
15
250
28
11%
2
dep
East Gas
•
page
H
Nov!
25
14% Feb
Apr
25 Va May
t
Alcohol—
A
voting
Class B non voting
For
3.100
27 Va
•
rets ord reg——,
Divco Corporation
:
Am
Dominion
400
'
9
11%
7
•74%
7r-
£1
—1
Ltd
Industrial
29
107% 108%
•
Oct
69%
7.800:
27
27
108 Mi
Co Ltd—
Distillers
Dominion
c
...
Canadian
600
37%
10%
2Va Jan
16% Aug
15.900
10
} ?.
Nov] i /
116%
Jan
8%-Jan
^
3.300
>9%
Oct] \
Jun
7118%
43%
•72.100
j
Nov'
■'
Apr
5%
•"
•
>
9%
<81
114*/*: Sep
106 Va May
170
3.900
5%'
34%
36 %
10
10
—18
Diana Stores Corp
Nov
7%
4% Jan
•
50o
Insurance
Ltd
Uv
23
>
9%
'
1%
Nov]
21%
.
—
41%
■"*;
class A
Mar
3%
33
V'"'
—
38
50c
A
common——8
v
-96 prior preferred
80
: "6%
debenture.
.—100
Derby Oil & Ret Corp
•
'
2%
Power
Co,
79%
Jan
'67 V*- Jan
2.50
convertible
Class
Denmson Mfg
Nov
11%
Jan
20
2.400
Nov!
2%
43% Mar
;•
.100
2.50
Corp
Bread
80%
7Va
4.600
>600
31
Rubber Mfg
Dayton
Aug
4%
Jan
24
300;
/
17%
Jun
D
Jun
25
Apr;
Novj
:'4V* Nov
/
Apr
6%
,
Oct*
Nov j
38
Feb
41
9%
69%
May
22
Jan
5% Sep
;20%vJutt/:
2 Vs
„.J|
„
12%c
Cement Co
1
25
Nov
35
Jnn; :'
31
6
10%
:
22% May
100
7 7
11V*
31
37%
39%
1
dep rets 5% pfd
Sugar Estate
Camden
2.000
23% Jun
•
common
Canada
250
2%
-.28
Sep
419%'Feb;
100
3®a
dep rets
Canada
Oct
.101
Jan
43 »A
"9%
14%
Milner St Co..
Petrol (Md)
Cork International A
Cent
Crown
Nov
44
...
Jan
rights—
Dejay Stores common
6%
•
t
Sullivan—.
Electric
Nov
11% Jan
v
17%
.
■H6V4 117 f
4
2V« Aug
20 ' Jan
19%
—10a
common
Tungsten
' Nov
26
-46%
V*'Jan'
27
8,300
4%
18% .21%
•
1
Co
Brewing
-
*
American
California
oct|
8
14% Nov]
6%, Feb]
;
Jan
'
2%
receipts (ord reg) —II
Crosley Motor Corp
'20% Aug
£1
trust certificates
Wireless-t-
Calamba
47 V2. Nov
70 Va Oct
"1/64 Jan
150
Davenport Hosiery Mills
Cable Electric Products common
&
530
,7B 1,510,700
38
71
.
y
Sep
H
.
17
,
—50
Dominion Bridge Co. Ltd
Voting
'
Nov]
Jun]
22%
.
",34% Mar
1.650
43 V*
2%
™1
Petroleum
28 V2
Jan
17
"
k
—
y; •xx-; y/; /yy/xx,x, ?y.y
•
'
'
;«3% Jan
■-•
99 %
;/ 3%
Domestic Industries class A corn-
Cables
5%'
7"
Oct]1
Nov!
26 Va
'35% Jan
28% Jan
•
.
NOV} s 1
7
'
43
h
17 Va
—0
5% Aug
7.300
,
-
Nov] {.5
17 Va
y'-fii
11% Jan
100" '
;
2.300 ;" :y. 3% Aug
■'
.8, May
4,000
;
7 4
,1 Oct
14,900
5%*
36 Va
105'A
—
common
.convertible preferred
—1
15
5.600
.
"
38
»
Croft
;
,
,
3.200
5%
10
--
_£1
-
common
;
141V*
Jan
•
26
98%
■
A
>3%
;;
...1
Creole Petroleum
Tobacco—
.
24%
5%
12%
&
American dep
,5% Mar
Jan
% Jan
•
Biscuit Corp
(P
59
•
Mills Ltd.:
Corp Am
Butler
22%
•
Ltd—
preferred
*
.41%
:
...50
Reynolds——
preferred A
=
Cosden
Nov
36 V» Jun
'
1
1
Buckeye Pipe Line
Buffalo Niagara Electric
•
Feb
34%
4.600
Distillers
Co
**
99
.100
Nov
3,750
Brown Rubber Co common
(EL)
/
«
Junj | yi
* 8Va Jan
..
.
•
"400
,
V'.yv.
14 V* 114 V4
4% > 5
•
—
57 Ml
32
"17.100
preferred
Bruck Silk
y 7%
< 7
42
...1
•
56
12%
5'/*
prior preferred
Bruce
150
'
7
—100
Jan
,
22%
Co.
Fence & Wire
-75
62
.
14'A
4%
Nov
250
400
77.000
68 Va
68 '/e -y
•
A
27
'y 2%
4 Vs
•
Forman
44
25
<
21%
B
Class
Brown
.
—
Cornucopia Gold Mines..
Cor.»"*on
110
110
4%
1
dep rets ord reg_British Columbia Power class
Brown
#
Coro Inc d
y '9% ":Jan;.yu
Jan
1.300
:
142
22%
s
Amer
Class
38 V*
140
•
common
Celanese
47
-59
62
common.
M> %
Oct
15% Jan
—•
,/Am dep rects ord bearer
Am
dep rets ord reg
British
37%
'
2%
100
...
American
"47
51
400
27 V*
43
•
A
British
26%
38
Lgt St Pwr
Oil
20 JA
119,300
6,800
■;
Oct
13%
V 19% Jan
\/;i% Jan
A%
Nov
3%
1,050
•
common
American
56%
140
Aeronautical
Class
British
5%
"19 Va
20 V*
.
& Southern, wariahts—
preferred
4%
10 Vs
68,700
55 W
25
Bridgeport Oil Co
Briiio
5%
55%
•
common
Traction
3%
87/b
v.sj
Nov.;
29 Va
.
,.144
y,:0"Jan;
100
"7Q0
5
100
Si Coke Secur common
> 21%
15% Jan
5 V2
100
preferred
7>~
11,000
25%
Jan
Jan
Jan
.110% Mar
30
lOVa
25
"25%'
—a
extended to 1946.;
c
1% Jan
•
10,400
4%
27
preferred
Brazilian
17%"
lOVa
_>i
55
1st preferred
2d
$5
y
16%
f
Nov] [
i
Nov] \
7133 V*
Jan
16 Va
,,*U7
>••> 11'
"'
Airlines™
14% July:
10% Aug
.
v
.
(8)'• it
?Bowman-Biltmore
v
:
141 %
139
17%'
■■■'•", 72%
{
*; 15%
Feb
46
600
24
26*
30 4 Mar
22,400
14%
•
Borne Scrymser Co
Bourjois Inc
;
%:
141
•
:io
preferred
Cook Paint & Varnish Co....
Copper Range Co
Jan
70
21%
1
called......
C)
(H
2,30ft
,100
13%
Nov
Nov
Sep
85
180
35,700
13%
Apr]
.50
% Aug
91,800
29 Va
Jun; i
Nov! {
138 »/a
Jaiv
11V*
y 150
v
Jan;
21
34% Feb'
750
133 %
26%
;
13%
>
1%: prior
24 Vs Nov
,
210
37%
4
20
Co com—*
common
14% Aug
3 Mi Aug ;
145
Jan /
;
-,
37
37J/a
'•
common
"Blue Ridge Corp common.——.—1
y
S3 optional convertible preferred
*
1st
:
143%
i
Courtaulds Ltd—
7 %
:f":
5%
•7.16%
Jan
137% 143%
125
29
..10
■
15
Jan
"2%
1%
2%
loo
series B preferred.
.100
preferred series C
1
Consolidated Gas Utilities.——.
Consolidated Mining & Smelt Ltd*.. ...B
1
Consolidated Retail Stores....—..
-10
Consolidated Royalty' Oi)
Consolidated Steel. Corp..—. —•
llOo
Consol Textile Co
1
Continental Fdy & Machine Co—,
Continental Gas & Electric Co-—
i
Nov
53
;
.
37
1
<
10%
16%
15
.100
preference
5-%
'
:
<11%, Jan
,125
Mar
.;
Sep
1
Bohack
800
,112 >
...1
'
;
Feb
;y< 425
49
...1
Biscuit Co..
_«
Consol G E L P Bait common—....
Feb
8'/4
Jan
24%
100
Birdsboro Steel Fdy & Mach
Blauner's
common
,
;
Nov. i>
.30% Mar!
30% Mar?
Aug
8%
Nov:
Mart
32
.90
Aug
3% Aug
'
Consolidated
Oct
<
■
Jan
9
47%
Blckfords Inc
pfd
y
16%"
14%
18
-
Oct;,
Apr.
9%
.
Jun
,
18
«
400'
"
H Apr.
63
10,200
20
•"48%
122%
V
t
14
,14%
—4
Development ordinary
Commonwealth
Nov
,
•
22%
37%
Conv
25
18 Va
Feb
17% Aug
1,780
;
50
■yy."175'
25%
< 18%
common.
Corp
Plow
Conn Gas
5% Aug
8% Mar pj.
106
MarVn".:
52%
L
common
12%
Jan
23 Vs
&
Blumenthal
16%;
y
2,200
Oct'
Nov
107 Va
12% Jan
98,800
NOV
Apr
Apr
20%
1
Hedges common
preferred
Berkey & Gay Furniture
y
9%
Nov
120
Apr
118
25
27%
•13%
8
25
—
11%
Jan
•
15% Nov
Feb
10
Convertible
7 Bliss (E W )
43
Aug
15WAH
4,300
>1
1
Corp—
,C Bell Tel of Canada
Benson
14
10
commou
11%
104 Va
100
*;
4% >5Va„
5%
<'i:-484;„;Noy:
-fy jloy
—100
common
Shoe
S)
3
v
105,800
20
•
:
Ties
Mills Inc
(A
.
10%
1
common
Brummel
Beck
5
;;
17%
90
24 Ma
.
25%
$3
—30
1st preferred.
Reaunit
'22 Va
5
1
V
'
Beau
25%
1
.25
Community; Water .Service———1
p. Compo Shoe Machinery—;
:44% '46Jan^
45
Corp
(L)
100
-
Barlow &
Mfg—;
<:/ si.20 convertible A common
y Basic Refractories Inc
Baumann
"24
'79
Community. - Publio Service.—
common,
i—
Seelig
i >7
Colorado Fuel & Iron wrnts'(new).—
fy Colt's Patent Fire Arms.
—20
Columbia Gas & Electric— « /v
Oct
16% Mar
.
.
shares.
American
Barium
9%
27-.;/
;
Andes—
los
.
121
.89%
Aluminum "Utensil Co..
> Colonial
10%
\-
Rubber Co
Baldwin
17 Va
121
100
100
100
Neon Lights
Colon
v
Jan
Jan
y.
27%
27.%
1
preferred—.
Banco
a-
1
ser__
60
106% 107%
106 %
50c
oorp
7% July
7%
/
118% May
-100
preferred
34%
'
Oct
18'/a
5%
Baldwin Locomotive—
7fJ>
6,400
South West Utilities.
ft
Cockshutt
Nov
8
•27%
y
11 Va
16% Nov
21
Oct;
,
Jan
24
,
100
pid
Products
Light 1%
V
<
200
27
Babcock ft Wilcox Co..
'
II
i
/
Jan
100
10%
8% Jan
14% Jan
600
pfd
Clincbfield
Club
NOV
B
r
Power"5>
Steel
Ohio
Inc.—
Clayton it Lambert Mfg..
Cleveland Electric Illuminating
I
Oct
85%, Jun
Apr
19%
Apr
Nov.
119% July
Sep
.
6%
.
York
preferred
Claude
Aug
;
1,800
16
34%
'
1,200
20
New
Clark Controller Co
«
Feb
:17
2% Jan
.
17%
,..3,000
,1,300
;
-
■10%; Jun
Jan
101
July
>:.V 7% Aug
58% Jan
21,300
,
I3;^>i4%'
t
4
•51 %
100
pfd
preferred
.-m,
60c preferred B—
$6-preferred J3B-.
City Auto Stamping..
City & Suburban Homes.
Nov f
Oct
19
Feb
•
$6-
*
Nov T
15
Jan
3
225
24%
24
;
——•
& 8ons common
85 Mi
-
27%4NoV 4
8% Aug
200
.!£%" L "{5,100
83%
-
i,
Feb
114%
.>.7% Apr.
.
1,650
11%
10%
85
^
(B FI
Feb
4
-1
—AO -i
,
Machine
6%
Jan
42%
34%
...
^SCe.ioo-'
2%'
•
•
>
Voting
Jun
11
16% July
RR Co pfd—100
/> Atlas Corp warrants..
r
Atlas Plywood Corp-—Automatic
Products
7 Automatic
.io;'
<9%
-•
;
/
'
§
NOV
6%
10% jun
110%
...4,90Q
"X
'.i4%- Oct:
43% Jan
y
;
1,400
13%
'
Oct I
,,
12
11%
16
1
;
Elec cpm„
&
Cherry-Burrell common
Chesebrough Mfg—.™.
Chicago Flexible Shaft Co
Chicago Rivet St Mach.
Chief Consolidated Mining
IChilds Co preferred
Nov
115
Jan
3% Jan
-;:4700^
10%
114% 114%
25 %
27 V*
'
37
y
Gas
Cities Service common
18;600V: ;
6%
20M» ;May
6%
<13%. .;..2,90Q: '44; .7% Jan
10%
:
I
) Jan
7%
tCuaris
i
y-rr-
Coast Fisheries—^—.
>
34 Ma
5%
fi
Coast
Avery
3
1,400
America
of
Chamberlin Co of America
11% Nov *
-
17% Aug
6%
.
■
13
6%
•
13%
rects reg—
Atlantic
/
•>:
33
13%
;
:
h
••Av: vvi" y.
<
Apr
1
10
Conv pfd opt div ser 291
Cessna Aircraft Co common
Nov
10%
com
<yy Conv pfd opt div
Nov 4
5 Mi
;-.5%.;jan; "■ 4
1113 s. J ..6,300; ^y_3%,.Jan.-4,
>'
•
'
Atlantic
-c
33
—2.50
Associated Laundries of America—.
;r
7
1,200
Corp
/
4
; Aug
Mar
700
270
19
&
May
33
28
18%
51 %
116
,
Nov
17%
pfd
(Cent States Elec 6 %
r
•
49%
;
2,500, ;-'^S 4% Jan 4
Electric Industries—
American dep
,
s
135
i
.
Jan
9lA'
5%
Light $7 preferred-*
»
&.000 *.18
5%
,
io;
5Mi
•
120% Jan
600
4
5%«
■
•
Refining Co..
it
?
High
6
26% Nov
Jan
50%
•
Co—
Co
M)
Hudson
Centra)
Nov
Nov
$5
Central Power St
'
3%
•
W)
(J
Central
[ y
•
9%. Oct
,.i
*
A
Central Maine Power 7%
Jun
17 %
;;
Sep
4%'Jan.;r
Jaa-y>
470,800
49%
lr
10
Equipment Corp
Ashland
-•/
A non-voting
11%
16 Va
Products
(A
.Central
Nov
53%
i
41% .Janj
.
*
Jun
42%
,»
L
&
Central
i
4%
' Jeen.
,
9
:
: ii Vu
—•
preferred™.
75
•
P
Low
.lYaTian
28,900
4 Mi
4
[
CataJin
?
Nov
93
;
1% Jan
31
400
;r-"3%"
■ ■
45
5%
•
Post Fence>1
Anglo-Iranian Oil Co Ltd—
I
r
Am dep rets ord reg.^^—SI'
Angostura-Wupperman
I
1
Apex-Elec Mig Co common
i
♦
Appalachian Elec Pwr 4 Mi % pfd___100
>
<• ;
200
21,100
8%
132% 132 Mi
45%
"
y Anchor
~
P2
5
Paper common
"
Jan
4%
Range SInee January 1
High
"
■'
•
Thread 5%
17 »A
8%
-
_•
$6 series preferred
American
r
V ;
49'A
16
17'A
51
900
34,100
'
42%
48 Mi
49
10a
com
Vy
4*A
42 V4
2
common
93
v
;,/3%y
4%
10
Seal-Kap
Superpower
88
•
Republics
American
5
1
Meter Co
American
.
y93yyy
..100
Co common
Maraeaibo Co
class
Castle
.
American
Sharee
Low
..X
Co common
Casco
•
29% Jun
■
Co
&
Carolina
Carter
Nov
26%
'
Salei
for Week
Products
Class B
Carnation
■
$2
City
Carman
Oct
NOV
49 Mi
8 Vs
41%
Capital
;
43
114%
v
Aug
Week'a
Par
Nov
2%
Jan
Jan
31 /
xlll
300
50
17% Jan
4
.
5,900
Mi'
114
32
1,650
a
43
114
114
36% July
7,000
Range
of Prices
Friday
Exchange
4
.
50
i%-:
24 Ml
•
common
Electric
&
46%
Range Since January 1
Low
High
;
High
'
4% %
Last
Sale Price
STOCKS
Shares
w
16
New York Curb
'
Cyanamld Co common
10
& Foreign Power warrants-
American
Sales
Range y for Week
"V East
;
American
f
NOVEMBER
•
Sate Price
American
EXCHANGE
WEEK ENDING
FOR
RANGE
2417
.
.
THE COMMERCIAL &
EXCHANGE
NEW YORK CURB
RANGE
WEEK
FOR
Range
of Prices
Sale Pries
Shares
Low
33%
4%
4%
70
75
69%
72%
53%
12%
100%
100%
135
6%
1,275
.-
'"''
8
,
101%
100
98% 102%
135
138%
6
7%
'
83,900
2,300
5,200
250
3,700
_
—
—
44
44
50
23%
25%
5,000
50%
50%
125
13%
13%
3%
3%
50%
15
54
15%
200
25,025
875
1,400
41
42%
3,100
.
56
13
23
21%
102
105%
140
39% Jan
3,700
13
21%
18%
Oct
, ,>4%
Nov
75
Nov
.72% Nov
42%
Jan
r 47% May
47
May
-
■
f "
■
17
9%
95%
97%
70 ;
> A
11%
35%
15
50
104%
Jan
Jan
Jan
Jan
Jan
Jan
Jan
19
45
pfd
$2.50 conv
Falstaff
——
Metallurgical
Fansteel
Mfg Co
Fedders
Association
Fire
For<J Motor Co Ltd—
Am dep rets ord reg—
Ford Motor of Canadain
.1,
in
.1
24
Jun
20
• 8%
Nov W:
41%
Nov
6%
8%
41 %
5%
400
1.400
24
24%
3%
11,100
5
500
5%
J
7
33%
8
41%
-•
preferred
,—
Electric SecuritiesHygrade Food Products—
&t
47
Jan
28
Novfc i
Oct;-'
,
;
"
Mar
3% May
14% Mar
'
24%
fc'f
Jun f t
6%
Nov •(?
Oct
Jun
Oct
Nov
108% May
14
Oct ;
4
Nov
54
Nov
10%
1%
43
7%
Sep
Aug
Jan
Jan
Mar
'
May
-
30% Sep
17% Oct
33
-
Oct
42% Nov
21%
1,850
22
300
NOV
Mar
21% Mar
11
Jan
13
5,600
4%
40
Oct
Nov
53% Mar
2%
42
Nov
Jun
2%
24%
■mi*
Nov
Sep I
13% July
4% Mar
i.
i
f
|
1
1.21
(Peter) Brewing
1
——1
common——1
Fuller (Geo A) Co
—
—1
$3 conv stock
——J•
4% convertible preferred
...101
Distilling—
Co
Franklin
17
Sep
*
Class :• B voting,/"
:•
Ford Motor of France—
Amer dep rets bearer
Fort Pitt Brewing Co—
Pox
17
■1
1st
Hydro
High :''i'??
33 % Nov
42
1.200
H
A non-voting
Class
17
Huyler's common
Lour
30%
46%
29%
10% Jan
500
50
46%
30
4,150
1
Co—21
It
com
& Warehouse
(Phlla)—
new
Federal Compress
Com
—
.•
Range Since January 1
High
57,900
1
.*
Brewing
.*
Ligonier Co
preferred
stk purch warrants.
Hussmann
$2.25
Low
1
2,100
1
1
••
Co
Falrchlld Camera ft Inst
FairchUd Engine ft Airplane
Share*
33% Jun
52
Oct
-
25
—
.
Nov
Nov >.
Oct
Nov •
for Week
7% Oct
Nov
.
Jan
Jan
Jan.
Sep
ir
High
,
Jan
1,675
56
„
21%
10,700
1,200
:
Sales
Bangs
of Prices
Friday
Ranfe Since January 1
High
Low
Week's
Last
Sale Price
8TO OK 8
Sales
for Week
Week's
v
L»*t
1G
ENDING NOVEMBER
•
Friday
Monday, November 19, 1945
FINANCIAL CHRONICLE
Franklin Stores
Grain & Malt
Froedtert
(PL)
Jacobs
Jersey Central Pwr ft Lt
preferred
preferred
6%
1%
5%% pfd—100
100
100
•
Julian ft Kokenge Co
Corp common
Garrett
Power
Gauneau
Co
Mfg Co common
Alloys Co—
...—
Gen Electrio Co Ltd—
dep rets ord reg—-
--»*
-J
10
—*
preferred series A
General Fireproofing common
Gen Gas ft Elec $6 preferred B
General Outdoor Adv 6% pfd
5%
Service
1
5
5%
—•
108
108%
Gobel
$3
2.50
Coal
——•
class A
—•
—•
Consolidated
Mfg Co
Mines—— —1
——*
Mfg
Atlantic ft
Non-voting
pfd—20
conv
Pacific Tea—
common
Stores
—100
—
25
•
Products
common—2So
Utilities
$4.40 pfd
100
Alabastine.——•
Lime ft
Lamp Co
Bridge
Hamilton
Hammermlll
6,300
Ltd
Brewing Oo_
Hat Corp of America B non-vot
Hazeltine Corp—....—
■
1
com
<■
Rubinstein—
■
—1
,
*
Heyden Chemical
w
w
1
1
3,700
8% Aug
Co
Brewing
1
common
2.88
10
M
Lake Shore Mines Ltd—
(Geo A)
,*
—'•
ft Co common
Dreferred
Howard
Stores
5%%
—
•
:
Corp
1
(Harvey) Inc
Refining
•
Oil ft
footnotes
100
100
Hummel-Ross Fibre
For
!—*
•
preferred
Hubbeil
Humble
'
1
.
Lakey Foundry ft Machine
Lamson Corp of Delaware—
Lane
Wells Co common
-1
—5
—1
J
Langendorf United Bakeries class A—*
P
I
rmwwtia
„
m ■ r-
iiili
ii
nil
hi
i*^
Lefcourt Realty common.
—1
Convertible preferred—•
Prior
preferred
Leonard
—I*
—j
Development
Oil
——28
Jl
(R G)
Line Material Co—...,
Lit
-—10
(Thos J) Inc 6% preferred—28
Corp
•
Brothers common
Groceterias
A
Class
*R
plocfl
W--T-M.I
—•
Mill-'—r——^
■
Locke Steel ChainLone Star Gas Corp common
,
8
;:
Land
ft Exploration
Corp
common
28
14%
15%
8.300
2%
519,200
"
1% *
..
100
:—.—
87
1
pfd——*
8
,
150
28
—10
Lighting Co—
Common < ctfs of. dep.—'
7% preferred A ctfs of dep...
6% preferred B ctfs of dep
Long Island
8%
400
102
*90%
10
v
_
112% 114
38
39%
Manatl Sugar optional warrants-
Mangel Stores common
$5 convertible preferred
(The B) Co———
Manischewitz
Mapes Consolidated Mfg Co
Marconi Internat Marine
•
Corp
see
Communication Co
Mar gay
Ltd.,
Oil Corp
Marion Steam Shovel
Mass Utilities Association
Massey Harris common
v
t c
,n„,
page
McColl-Frontensc Oil Co 6%
McCord
Corp
pfd.
20%
—
22"
44%
common
$2.50 preferred
McWilliams Dredging
45%
16% .17%
•
common
Inc
Horn ft Hardart Baking Co
Horn & Hardart common
5%
.
100
.—1
—100
common—
Consolidated G
Holophane Co
Hormel
2
ft Co class A
Hollinger
250
—*
—
common
5%% preferred
Henry Holt ft Co
—1
*
A
Horder's
Apr
Ko^acker Stores new common
_
Dept Stores common—
Mining Co
(R)
7
Knott Corp common
*
Harvard
Hoe
Jan
Jan
10
Electric Light
—28
Hartford Rayon voting trust ctfs
J
Co
Janf
3%
-
500
1
,
,
Co
Paper
Hartford
Class
43% Jan
14% Mar
Lynch
Helena
52%
10
2,300
Louisiana Power ft Light $6
Heller
> Apr
20
Jan
Louisiana
Hearn
18
300
16% May
Loblaw
Greenfield Tap ft Die
Heela
Oct
8% May
100
stock,.——*
7%
1st preferred
Great Northern Paper
Han
Jan
115%
12
Lipton
State
(29%
Feb
13
100
15%
Lionel
Gulf
116%
10
300
200
——1
Gypsum
Feb
;,
—10
common
Rapids Varnish
Grocery
;
21%
>3,600
Gray Mfg Co,——.—0
Grayson Shops (Cal)
.,...—!
Great
t
NOV
28
—•
-10
(D
Le Tourneau
Graham-Paige Motors $5
Grand
Feb
—1
Emil) Co common.
Kleinert (I B) Rubber Co
Klein
—50
*
Inc class A
preferred
Gorham
113
28
•
Kirkland Lake G M Co Ltd
Cla8S
prior preferred
Goodman
Jun
114
——•
Corp
(Adolf) Inc common-.——!
Gorham
110%
:
——*
Godchaux Sugars
Class
$4.50
NOV
*
Co
Goldfield
111
———•
ft Co_
;
5
Kings Co Lighting 7% pfd B
100
5 % preferred D
100
Kingston
Products
1
Kiiby Petroleum
1
Krueger
*
common
Harvester
Aldea
Nov
108%
107% Mar
Key Co common
Kidde
(Walter)
Kresge Dept Stores—
4% convertible 1st preferred
*
■
Gladding McBean ft Co
Glen
27 T
8%
preferred
Gleaner
26%
5%
—*>
Geoigia Power $6 preferred
Gilchrist
9%
157% 158
Gen Water Gas ft Electric common—1
(AC)
13%
9%
112% 113
Rayon Co A stock
General Shareholdings Corp com
$6 convertible preferred
$5
16%
12%
-*
General
Gilbert
16
100
preferred—•
$6
Nov
20%
Jan
108% Mar
110% 110%
preferred—100
—————I
Inc.
Kennedy's
Ken-Rad Tube ft Lamp A
General Finance Corp common—
Public
19%
Jan
104
Kansas Gas ft Elee 7*
—J
General
General
Jan
4%
19
■-
—108
Gellman
Amer
11%
19%
18
107% 107%
*
—
common—
preferred
5%
17%
1
—,*
Co
Jeannette Glass Co
•
2421,
Mead Johnson
222% 275
ft Co
Memphis Natural Gas common
Mercantile
Merritt
Stores
Chapman
common
ft
Scott
Warrants
6%%
A preferred
Messabi Iron Co
Metal
Textile
Corp
Participating preferred
Michigan Bumper Corp
Michigan Steel Tube
T-
6% jf 8%
160
18%
166
;
20%
850
44.200
20
500
30%
15%
Oct
S
Nov. I
,
2%
104
92%
Nov
Nov
Nov
11%
Feb
114%
Jun
41 %
Oct
2
(THE COMMERCIAL' & FINANCIAL CHRONICLE
Number 4439
Volume 162
NEW YORK CURB
'
sis-
stock
York Curb Exchange
New
.
•;
Friday
Week's %
Bangs
Las*
Sals Pries
.ft'Iftft'ftk/,-:- I:/—- ' I
Michigan Sugar Co.:.,
374
—
WEEK
ENDING"
Shares
14,800
1%
ftA/ft ft :
High
Jan
Peninsular
AV* Nov
Preferred.—————————. *0
13
13%
2,000
8%
Jan
1
Middle States Petroleum class A v t c.l
Class B v t c———
I.—
—IMiddle West Corp common..
5
Midland Oil Corp $2 oonv preferred—*
25 VB
24%
26
12%
Jan
26
NOV
18%
18%
19
4,500
1,000
15% Aug
23
May
3%-4
9,400
S
$1.40
Feb
374
20%
19%
20%
13%
2% Aug
36,100
13%
14
.75
lis.
Jan
Oct
20%
16
Midi ale
Abrasive
Midwest
Oil
Midwest
Piping
,
Co
Mar
'Mar
36
Now
common——,.1
.
*—50
Mining Corp of Canada...
J*
Minnesota Mining & Mfg
—_•
Minnesota P & L 5% pfd
.100
Missouri* Public Sdrvl-a ccaimoo.,1...*
Wohl
Co
conV preferred
574
Molybuenum Corp——
—
1
Monogram Pictures common.—— —57a % econ* preferred—.——.—.10
Monroe Loan Society A—1
—1
Utilities new com—5
Montana Dakota
Montgomery Ward A
Montreal Light Heat
& Power
Investors partic pfd——
Morris Plan Corp of America
Penn
Feb
5
2,100
8%
Jan
12
32%
50
.j5%
16,600
23%
2,800
14
67
68%
325
--46
42%
Aug
67
-Aug
8%
,
7%
27
400
87%
Jan
3%
.
11,300 :
18%
86
v
1%
Nov
30%
5j/4
•
24 %
1.774
5%
1374
.
12 y8
4
500
-
Jan
8%
88%
Jan
20%
.
44
Apr
Feb
17%
7,600
;/
2,300
10%
179
70
14
Pioneer
Pitts Bess
Feb
193
May
22
Apr
45
Sep
Jan
:
Powdrell
Power Corp
10
'Nov
30
July
9
10
8,200
28
28
150
—
—
—
6%
24%
129
—
j
18
__
Jan
Feb
May
National
Jan
29
&
Nelson
1
New
|V
Producers
preferred
;
$2
%
New
England
I
New
New Idea Jnc
Corp
Mexico
f
'■
;
Y
N
Y
15%
Jan
23%
11
Jan
8%
Feb
19
28%
100
14%
Jan
30
800
11
Jan
16%
Jan
19 %
N
'
15%
1,300
11%
Apr
3%
32,000
1%
Jun
8%
7%
8%
18,000
5
3% Nov
874 Nov
IlOO
15
Xl07% Xl07%
—
14%
13%
10
106%
Nov
9
May
15%
Jan
17%
Jan
15 %
6
Jan
.88
2,250
63
200
874
1474
1,500
10%
?
90 %
88
131%
25
j
71
7%
14% Jan
400
74
2074 Jan*
2,100
5%
7%
8%
63
21,700
8%
19
500
j
—.100
i
:
Mar
x5
25
Mar
12
250
90%
'
19
Jan
r
1
'
63%
874
113
8%
113
-
8%
115%
1%
1%
10%
10%
75%
Oct
7%
Nov
48
9%
22
Jun
400
23
3%
1774
May
874
.
•
174
2,500
tV Jan
6% Mar
.
Nov
1374
174
—
~2%
27
28%
7
8,900
"3%
6,100
774
19,800
146
47%
47
48
47
47
250
1874
5%
5
1
21%
15%
Jan
19% Mar
1%
121
700
Jan
Mar
3574
Jan
3% Nov
28%
Nov
774
Nov
148
~5% "E%
500
21%
23%
11,400
48
44%
1,000
36%
38%
16,100
10
9%
38%
38%
%
Jan
Jan
1st
Light
—
pfd
7%
10%
3,900
39
j
200
Apr
Jan
34% May
14% Mar
6% Aug
Jan
26%
105
Jun
110% Mar
44%
Oct
39/:
Nov
11
Oct
40
Nov
•
Pan
American
Airways
5%
115
118
116
5%
18,500
825 f
37
;
f 115
_
118%
'117-
37%
38
4%
Apr
2274
Jan
Motors
20
■
.
112% Aug
117%
Jan
60
115%
119%
Sep
117
Nov
39
Oct
10
Oct
11%
Oct
120
1,000
22%
23%
3,400
Oct
110% July
29% Jan
6
23%
Nov
Jan
6% Aug
10% Jan
23%
Nov
Parker
400
14% Jan
1,100
38
Jan
42 V*
28
*
100
37%
37%
37%
500
36
Jan
38% July
109%
r:: 130
111% 111%
109%
Nov
115% Aug
11
600
7
Jan
11
25%
100
x22%
Jan
26% Oct
Sep
29
25
•
9
1274
•
60
104% July
107% Sep
10%
1
page
107
25%
Patcliogue
footnotes see
107
Apr
•
Parkersburg
For
2421.
Jun
Jan'
17%
Jun
105
110y4
Jan
\
25%
Nov
k
1874
Oct
17%
Nov
Sep
16%
200'
-
Jan
13 V* Mar
;
*"8 % '5%
11%
12%
14
14
9%
Nov
Oct
Nov
28,000
5% July
27,800
8%
Jan
15% July
50
8%
Jan
15
Oct
73%
23%
13'A Aug
"1700
98% 100
165
165
Jan
102
Oct
156
Jan
165
Oct
Jan
320
76%
110
165
5%
674
21%
7%
14%
Oct
774 N°V
I1/® .Jan
82,100
2174
20%
225
2%
2%
15%
1%
200
3
3274
650
39%
300
23% 2474
f 29
26,400
32%
32%
.
38%
22%
:
3%
Jan
Feb
40
,
Nov
56%
Apr
2474 "Nov
Aug
29
14'/a
Jan
■2574
2574
33%
1,100
374
62,500
7%
3,800
274
46,600
% Jan
106%
70
105'A Aug
12
Jan
,15
Jun
6%
2%
2%
Nov
109
7
106
2,575
14%
/
;
,
19.Jan :
% Jan
3%
50
1,800
16 'A
1274
2%
Jan
Nov
7%
Oct
2% Nov
May
May
,
19% Jim
2274
Jan
1,800
Oct
374
.
I
Jan
2274
Aug
700
6%
6%
Nov
3474
.
Jan
22
22174
2074
Nov
17% Aug
23
2%
Oct
42%
Jan
32
24
33
Oct
22 ',
1,600
27
I.
22
Jan
,29% July
52
24%
29
9%
974
Nov
774 Oct
3074
9%
Nov
2,800
18%
18%
674 Mar
100
/
Feb
v
1874
Jan
33
Jan
19% Mar
5,900
2974
18%
11
19% Jun
•
Nov
19
Mar
Oct
10%
Jan
774
774
874
2,800
6% Aug
:
674
6%
5
574
674
€
2,300
6
Aeronautical Co
—
Consolidated Petroleum—
Ryerson k Haynes common
3,400
3>A Mar
;-v.:9
Jan
674 Nov
Sep
S
9%
Bavoy
Oil
9%
6%
_1
Co
common
(D A)
874
3%
46
common
II
4—
.25
preferred
Convertible
8%
..1
common—
Co
Schlff
6%
112
Water Service—
«
preferred
Steel
Co
44%
117%
16
comipon
Belby Shoe Co
Selected Industries Inc common—
"
29,600
4,000
25
73%
50
33%
Jan
75
23%
2474
1,800
,18%
Jan
2474 Nov
44%
Jan
61
Nov
NOV
$3
common
Singer
—....
620
88 74
Jan
124%
Oct
lO'A
Jan
-18%
Oct
27%
874
3
—
Amer
Nov
103
Nov
600
28 s
9%
100
Jan
14%
Apr
:
6,4uo
Nov
6% Aug
1-5,400
,
29'A
9J/s
Nov
Jan
3'/8
Oct
8%
Oct
14 Va
Oct
14
;
5% Mar
1374
7%
7%
'
"29
18%
1374
100
774
18%
10,900
141% 143
500
500
10%
Jan
3%
Jan
15%
Apr
102% Jan
111
Oct
20%
»I
50
27
27
1474
15%
925
6%
574
674
10,200
Jan
20%
Apr
12% Mar
32
preferred
349
574
348
5%
350%/
6
Nov
8274 Mar
83%
1474
Manufacturing Co
Co Ltd
dep rets ord regis
29
350
200
103
3
Nov
474 Nov
Jan
12
4,200
y3
•
common
Oct
24,300
.100
common
Oct
27
19
29
Nov
974 Jan
Jan
l>/» Jan
100
4y*
8%
70
Feb
5'/a
17%
■274:
874 May
1774
24y2
99
Aug
Jan
■2
25
1374
—9
42%
200
21,500
1,300
574
27%
116
4% Oct
300
70
98%
18%
Canada——
Singer Manufacturing
Nov
1,300
6
374
.1
Ltd
Pattern
45 »A
Oct
116% 118%
15%
16
.1
Denn
convertible
125
Jan
34l/a Mar
-
Bimmons-Boardman Publications—
Simplicity
70%
Oct
7% Nov
111% Mar
1674
-1
preferred
Co
49
3%' Jan
10
102
Control
Mining——
Bhawinigrm Water k Power
Silex
Feb
Jan
22
800
24%
..1
Inc.
of
Nov
ft-: 4%
""
45%
44%
1674
27
Sherwin-Williams
Jan
8y2
Sep
2%
500
112
112
10%
5% Mar
67,000
6%
24%
..9
Breweries
5% Aug
7Vs
46
"•%
.29
4%
Nov
4,500
5
III
Bick's
Nov
10%
8%
70
$9.50 prior stock
Allotment certificates..
Sherwin-Williams
Nov
36
3%
4674
5
Convertible stock
Bhattuck
10'-,./
Jan
3%
Ill
4
Safety
Jan
574 Mar
774
;
70
Segal Lock k Hardware————
Belberling Rubber common
B)
2%
16 Ms
86,800
1074
874
5%
-1
Beeman Bros Inc—
(R
: ■
27,900
L 7,675
9%
35
112% 112%
.25
Manufacturing
Elec $6 pfd
Bcovill
31%
10%
..5
United Corp
Bchulte
34%
..5
Samson
874
.50
Ltd.
St Lawrence Corp
29% Nov,
41%
10
Rig k Reel
Plymouth Mills
May
18%
Beton Leather common——/.......
29%
41%
1
Co
Pen
112
118%
'I'1.
9%
Ryan
Bemler
'29
warrants
Corp
I
Jan
14%
650
v
'I
3074
5% Nov
37
41%
Pantepec Oil of Venezuela Am shs
Paramount
1474 Nov
10 V* Oct
111 ya
8,500
1774
22
Ryan
$6
•
:
;
8'/a May
--
■'i lun
674
7% Mar
29%
1st pfd
Service
Oct
2% .Nov
.
106% Nov
23
23
21%
common
25% Nov
6% Jun
28
common.
k
100
108 Vi 10974
Russeks Fifth Ave
Scullin
35%
38
preferred
Page-Hersey Tubes new common
Apr
Mar
ft 1
106%
42%
36%
18
•
1st
Nov
Jan
10 y»
16
14%
Petroleum Co
Bentry
Public
16%
Mar
74
300
—
17
Oct
56
11% Mar
-,
Corp
Berrick Corp class B.
Power
Oct
2.800
'
Sentinel Radio Corp common-
$1.30
Nov
76
48% Oct
Feb
Sep
99%
116
•'*, Overseas Securities——
Pacific
VIP 45
Jan
2U
Jan/1. - k
Oct
22
Nov
36%
100
;
43%
1
1
Pacific
July
Nov
43.900
10%
1574
106%
preferredRotary Electric Steel Co
Royalite Oil Co Ltu
Oct
5%
___I00
Oliver United Filters B
Pacific
12
klll%
274
$1.20 convertible
Nov
15%
51%
50
•
Root
Nov
Jan
2
29,000
28%
674
141
5%
Omar Inc
preferred
Lighting $5 preferred
.1 j'g
51
:
Jan
31
■
——
.
14
—
—
Securities Corp General
5%%
'
—
Metal Works
Art
Ronson
Nov
12% Mar
•
Ohio Power
preferred—.—10(1
Ohio Public Service 7% 1st pfd
ICO
Co
J-
134,600
v
NOV
874
19%
1
t o———1
Roosevelt Field Inc
Nov
11
110
Cable
Rome
Nov
11,200
1874
142%
Ogden Corp common.
Ohio Brass Co class B common
Can
Jan
Oct
I
16 ya
174
13%
10%
dep rets for ord reg
Am
Nov
109
O
Pacific Gas k Elec 6%
Jan
6%
;■i5o
»
374
Pendleton Inc
Bcranton Spring Brook
Pacific
1274
i
Nov
23%
Jan
' 1.500
m
—.
15%
2
Scranton
k
44 %
1%
—
Oct
7
25
\
Jan
3%
11%
44%
16%
16%
25
'
20
156
Jan
3.600
7
19%
'
Jan
Jan
!ftkC25k
8
11%
•:
...
13%
Rolls Royce Ltd—
Nov
116
Jan
110
18%
Jan
*
9
*
Q% t/Id D
Rochester Gas & Elec
Roeser k
Feb
90
Radiator
Bio Grando Valley Gas Co v
21% May
110
89% Jan
25
1
•*
1st preferredOklahoma Natural Gas common
23
7%
v'-k-i
J
117
'■'r
600
13
Oil Corp. warrants
Richmond
54% Nov
82
20
6%
24%
774
98%
.100
Reliance Electric & Engineering
Stix Dry Goods
Richfield
Jan
300
Indiana Pub Serv 5% pfd—100
4
i
4.000
k 14% Mar
1,800
7
24%
.10
Rice
Sep
850
50
North Penn RR Co.
Northern Natural Gas
i
1.450
15474
6%
—
Bait Dome Oil Co>———
»
2.210
26%
24%
153
23
Oo
Reed Roller Bit
23% Mar
14% Aug
83,900
11
•
North American Utility Securities
Northern Central Texas Oil—
Northern States Power class A
I Northrop Aircraft Inc
Novadel-Agene Corp.
—
78
.100
——10
1
10
Raymond Concrete Pile common
—*
£3 convertible preferred
*
Raytheon Manuf acturing common—50o
>30% Nov
'
Apr
106% July
63% Nov
370
108% 109
109
—•
prior preferred
Northern
78% May
30
Oct
Voting common
Railway & Utility .Investment A
Rath Packing Co. common
Jun
Jan
60
65
•
Northeast Airlines
j
Jan
7514
78
Railway k Light Securities
131% Nov
"31
30%
600
108% 110
5
k Power common—1
common—
Oct
64%
Radlo-Kelth-Orpheum option warrants.
Nov
3074 Nov
Mar
2% Mar
3
Electric
B
54%
17
64
North American Rayon class A—
6%
45%
Oct
16%
19
preferred
Class
>
19
53
—1
pfd.100
——
North Amer Light
$6
19
——10
10
Nineteen Hundred Corp B
Noma
Feb
Aug
1074 Nov
*
110% Feb .?
400
30
'
Jan !5
21% Jan
,t- 50
129% 131%
23% 24
74
113
"
40
.
j
Oct
43
——
preferred—
Quebeo Power Co.
Corp—
f; Nipissing Mines.
Nov
15%
109%
6%
Nov
1,200
16%
9%
*
1st preferred
....
100
preferred—i
——100
fl Class B optional warrants
J Niagara Share Corp class B com
5
i$. 47455? conv pfd_7.
100
j Niles-Bement-Pond
*
i
Nov
8%
Jan
4
Oct
7%
2,475
14%
16
30
1
May
13%
»
—
24
2d
5%
7%
Apr
x8%
Quaker Oats common.
1574 July
2%
Hudson Power common——10
Niagara
Jan
374
1.500
Oct
3%
|k 5%
M
4
4.500
6%
Nov
"15%
10
pfd
Nov
43,800
$5 prior preferred
Apr
i
II25
Water Service 6%
Y
Jan
Nov
20
Aug
7%
Jun
m—
shares—
Founders
18
100
3
Oct
16%
Arizona Land...
N Y State Electric k Gas $5.10
20
20
37%
V
14% Oct
15% Xl5%
—
Rosario
Oct
8%
-10
Pyle-National Co common
Pyrene Manufacturing
28%
.100
Merchandise.
Apr
2%
:/■
34% Oct
13,700
2,100
.-
Honduras
&
25%
••
1474
Puget Sound Pulp k Timber
19
.
N Y Shipbuilding
400
7,100
k
274
7%
1
Common
Jun
14%
N Y Auction Co common—1
N Y City Omnibus warrants—
N
33
32
•
39% Mar
New Process Co common—
|
Nov
31%
May
of Colorado—
38
16%
13%
common.
&
16
18
13%
ZZZZZZZi
Gas
19% Aug
14%
.100
—
Jan
—
33% May
1874
»
Tel k Tel
7%
<
39% Mar
150
32
800
Puget Sound Power & Light—
5% Sep
14%
—*
New Jersey 7inc
New
Jan
Jun
3,700
.—
Haven Clock Co
ft
2%
17,900
15%
—)
1st preferred^—————
1st preferred—
6%
474
Nov
14%
IIIZ1
Prosperity Co class B
25%
Nov
33
2.000
674
—*
America
Oct
Feb
Jan
15%
Jan
9
...
of Nevada..
20
1774
32
Xl5 %
preferred——i
Nov
Jan
li;
Jan
21%
England Power. Associates..
6%
82%
13%
common
of
Metals
Pressed
NOV
Inc
Jan
20%
,—
t
Nov
16%
'
Prentice-Hall
1374
20%
—300
Corp
(Herman)
Sep
48%
Jan
50
Gold Mining
Premier
10
12:50
Neptune Meter class A
Nestle Le Mur Co class A
53 34
Jan
50
Alexander—
800
4%
—1
preferred—
Nebraska Power 7%
?
Sep
34%
7%
of Canada
450
•
Radio
46%
50
1
RR
16 Vb
Car Ltd——....
Union
1.400
50
2%
& Lambert Co
Pratt
144% Nov
..50c
National Tunnel & Mines common
■
Jan
2
18%
#
National Transit——
Jan
48%
...
Ltd
15
1—25
& Stores
Refining common
Machinery...
National Steel
Jan
3
57
11
com
18
'
National Rubber
National
112% July
8% Sep
107%
11%
—250
Nov
*—
National Mfg
250
800
:
30
.—10
Nov
—Hi
common-
7
Jun
325
Co.—.k.——..
7%
National Fuel Gas—
115%
200
24%
4
19%
Lines common-
Sep
15%
-7.50
9%
Nachman Corp
City
109%
600
82
4974
674
Public Service
National
Nov
33
26%
Jan
-.8%
5%
1.370
48%
A
154%
Providence
National Candy Co common
Jan
15%.
10
Nov
4%
Oct
1%
15
..1
174
1
Oct
5.100
32%
—29
8
—
jr.: National Bellas Hess common—
i
National Breweries common
7% preferred ....
52
16
•
eommon
E
Polaris Mining
N
!
Mar
5%
32%
Pneumatic Scale common—.
Oct
Oct
32,600
—
83%
774
7%
'49%
Pittsburgh & Lake Erie.
Pittsburgh Metallurgical..
Pittsburgh Plate Glass
Pleasant Valley Wine Co....
Plough Inc common
23,900
18%
Nov
Mar
5%
81%
•
Mines
L
&
4
I~2%
8%
11074 111
7%
82
29
Co
——
Gold
974
common
Jan
111
•
pfd
Pitney-Bowes Inc
Nov
5
13
Feb
38%
25
—
Ohio Mfg Co
13,800
'
Piper Aircraft Corp
Nov
18% Mar
300
44
Nov
6% NOV
9% Aug
2% Jan
2,100
2074
107
274
9
Jan
8%
4%
48%
common
Power 5%
wi
■
8
•
20
common
31%
8%
Pinchin Johnson Ltd Am Shs——
28% Nov
3
474
Rights
374
10
new
Jan
110% 111
'
Packing
9%
II100
Tel.
Co
Nov
29
1U
•'
Co
| Pierce Governor
32'/» Oct
Jan
24,300
12
Pnillips
Oct
13
...
974
38974 190
••
Mfg
48
50
2974
k
/?'/•.,
48
~4%
2.50
Power Co
Phlla Electric
NOV
Sep
15,000
.674
14
3%
1174,
—
,
Co__.
Philadelphia Co
Nov
13
31%
14%
.
•
•
High
Mar
29%
48
~8%
—'•
preferred
Low
40
47
48
50
78
•
29
com
Bang* Since Jannenr 1
High
Low
fgf'
Pharis Tire k Rubber—1
NOV
71% Nov
/:'60''kMa#'::
—
6
A
preferred
Perfect Circle
35% Jun
Jan
104
16%
Shares
NOV
4%
22%
86 V*
'
A
Light $7
Penn Water &
Pepperell
NOV
12
$6
k
Penn Traffic
50
Muskegon Piston Ring
Muskogee Co
Jan
2%
/'
Power
_.10c
Producers
States Power common.
Mountain States Tel &
Murray
28%
23%
——
Mountain City Copper common—
Mountain
725
4,600
11%
•
•
Moody
Mountain
20
5
Inc.————2.50
Hosiery Co
Mojud
42%
200
4%
5 ...
11%
~5%
Mid-West Refineries—.—
Miller
41
»
32%
Cupplf.
St
36
41
Co common.
Mid-West
32%
'
common
Penn Gas k Elec class
;
36
for Week
1
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
•
'
Midland Steel Products—
$2 non-eum dividend share
preferred
Sales
Range
of Prices
Friday
Pennroad Corp common
Nov
10% Aug
-
Telephone
Week's
Last
Sale Price
Banga Since January 1
Low
4'/a
''
1G
i&a.;stocks
New York Curb Exchange
13 >A
Micromatic Hone Corp
EXCHANGE
NOVEMBER
■
High,
3%
FOR
for Week
of Prices
Lota
Par
.
Sales '
RANGE
'V'
2419
120
4,800
Jan
3
Apr
267% Mar
474
Jan
/
8%
20 %
143'
Oct
Oct
Nov
116% July
2574
27
Oct
Nov
16% May
44
674
370
6y8
Nov
Nov
Jun
Jun
■
NEW YORK CURB
Friday
STOCKS
Last
Range
New
Low
110
Smith
Aircraft
Solar
Co
1
Corp—
49%
49%
10
California Edison—
original preferred
*900
50
1.700
31
100
Southern
5%
46
32
5%%
Line
Southland Royalty Co
2.78
.1
aUO
Products
;
;
6%
27%
6%
x6-
22%
3%
24%
2%
-
159
,
r
Jan
215,700
%
Jan
2
1.100
2%
Jan
5%
8%
7%.
8%
4.300
3%
Jan
9%
69%
800
69%
.
69%
;
18
22%
/
61
70
Rav
20%
20%
7%
,
Mar
Apr
11%
Jan
20%
6%
7
Nov
11
6%
8,200
9%
11,200
22
•
-
22
21%
2%
9%
Oct
14
Class
12 -
$2.50
A
500
23%
23%
600
33
-
Nov
,
23%
14%
33
23%
22%
23
Jan
Mar
8% Mar
22%
Oct
12%
Feb
13%
13%
400
11
61,300
3
-
B»
receipts
deposit
Friday
BONDS
r
45
Apr
57
10
Sep
Exchange
Inc
Tobacco
8t
26%
~87a
"874 "**9%
21%.
43 m
17
—I
17
Product
Allied
Stocks.
H.
_
Exports
:
Tobacco Security Trust Co Ltd—
27%
19 7e
•
18%
72%
1
.
17
17
;
43
16%
•
25%
40%
•
f
7%
2%s
dep rets ord regis
dep recs def reg
Shipyards Corp
Toledo
Edison
7 %
6%
74
41,500
?
.
* "
■
9%
•
;;
J-J
M-S
X10G
108%
f debs
t decs
deb 6s
& Lt
Pow
61
90
Trans
Associated
preferred
7
-10
1%
Oct
4%s
71%
Nov
18%
Nov
7%
116
10
Sep
Xll6
3%
12,100
5%
6%
4,600
2,100
46
warrants
111
10
2%
5%
:
/:
48% 1
46
3%
3%
3%
;
Inc...
Tung-Sol Lamp Works
BOc convertible preferred
J
11%
11%
11%
117%
Jan
400
37/e
—
'//
Corp
11%
11%
_10o
127a
15
Jan
Edison
2%s
10
3%
1,700
87a
9%
'
107a
Jun
15
i!
Gas
of
Canaaa
26,500
9%
Union
Investment
Union
Stk
Co
.
United
200
United
77<
16%
157a
common
$5
Cigar-Whelan
Oct
98 i
United
corp warrants
United Elastic Corp
Gas
Corp
Molasses
Amer
dep
Co
15%
rets
24
23,400
h
5s————Jan
Service
deb
Conv
ord
U
U
8
Machinery
.
common
8
Graphite
U S
and
$5
U 8
G
1st
common
preferred
Rubber
warrants
-50e
I
Inc..
Consolidated
Insurance
Universal
Products
Utah
Power
Oil
&
s
'
24
45
/
Jan
Nov
96%
49%
Oct
60
;
44
7
9
preferred!!!""*
II_10c
$5.50 priority stock
17%
2%
3%
,!
Delaware Lackawanna &
4s
mtge
stamped
5s
A
Power
Service
5s
1st lien & ref 5s
common
preferred..!..
HI
50 %
Oct
18 Va
Oct
(Dec
A6%s
7%
7%
8
9,900
Jan
<83
4%
4%
18
Jan
footnotes
see
page
110
7107j;
5
106
109%
1
103%
1053/4
124
2
120%
124
73
101
106
677a
38
72
68%
39
39
63%
5
33
8074
50%
10674
13
105'/a
106%
127% 127%
1
124%
127 %
106
88
—-
77
H 88
105% 10674
28
1007a 100%
106%
1
103%
101
45
158
■
$108
105
92
2
10474
106
104%
106
102%
105%
106
$105
A-O
.
101
67/
10574 10574
A-O
58
108
10
74
73%
102%
107%
105%
110
$102
90
10674
10474
107% 107%
J-J
77%
$104% 105
103% 103%
M-S
J-J
F-A
M-N
■
102%
103% 103%
1027a
105
106
109
103 %
H
108
$107
50
-•
■£.•-•••
*/f-A
53
50
:/
1
30
62
2874
63 5
37
60
63
v
54%
/,
.V>;
.
J-J
52
37
•2
100% 101
95
52
'
—/
.
104
3
750
$50 7.
7-:
—
31
53
J-D
t
.
..
60 7
31
63
97
102
.
J-J
J-J
J-J
-
1007a
6s
1983
Superpower- 6s
106 V4
1965
M-S
Kansas Electric
Power 3%s———1966
Gas 81 Electric 6s
2C22
Power At Light 3%S—
1969
92%
55
•">■
v
27
71
957a
"i< 1-
37
61
93%
55
93%
M-S
J-J
J-J
'
WW
'
J-D
Mar
8%
Sep
Kentucky
24%
7
Jan
Oct
Apr
Laxe
Lt 3%s
21%
Feb
27
26
Jan
37%
17.200
,3
Mar
Sep
Utilities
Superior Dist
McCord Corp 6s
225
65%
Jan
7%
Jan
92 /
Jan
••
Nov
Milwaukee
5%
Nov
Nebraska
98
?.
100
Nov
series
6s
•?
Light 4%s
Gas
Power
4%s
A
Amsterdam
Gas
5s
7,900
80'
3
54
"
Jan
Jan i
•
8%
Nov
Nov
England
New
93%'
Ner
England
."
4,400
300
105
1073/4
104
26
•
5s
Power.
3%S__.
Power Assn 5s
9% Aug
13 Va
Oct
11% Mar
16%
Sep
'Dehenrnre
N Y 8tate
■»"
t
1.
Elec 8c
F-A
A-O
M-S
J-D
M-S
J-J
1963
—1967
1981
2022
1948
•
1947
M-S
J-D
M-N
ISfil
1948
___.1954
;
Gas
3%s
$116 V» 1 IT
j -'rr}
i
105%
A-O
.
"
___
M-N
115%
——
120
7
108
112
106 Va 106%
106%/
1057a
1073/4
106 %
106%
106%
101%
104%
$104
1023/4 102%
102%
•"7
4
'•'/"V
75
64
1
75
107% 107%
3
106 Va 1067a
106%
110
•-—w'
•
109%
110
3
112
78
108%
117
•107%
,-n
105 /
1017a
21
$106
110%
957a
97
50
88
97%
967a
957a
97
25
88%
97
977a
95%
97%
76
88
977a
'97
$106
' M-N
*<
/
?109Va 111
7. •
'
-
'
■
106% 1067a
$104% 108
A-O
1948 v>
1950
Eng Gas & El Assn 5s
deb
,
——..1948
stamped
Valley RR—
Extended at 4%
to
Nov
5
1970
1966
4s
Pow 3%s
Midland
1,500
.,-v
Nov
25
Kansas
2421.
1952
——1957
1952
coupon)
5s
Power
Debenture
5%
-
50
16%
IO6V2
.
1941
(July
A7s
Nov
27
11%
3
68
J-J
M-S
A7s'^aeries<:F^--^ii--^-^-»^--19S2<;'
Interstate
5%
33%
10%
107
Va
102 % 103
102%
M-S
M-S
Kansas
16
For
F-A
<
Jersey Cent Pow &
U Jan
8%
104%
124
A-O
1941
Oct
2,000
93%
106 Va
103%
4
Nov
4%
7%
1053/5i
6
107
—
'
89 %
106
104% 104%
107
J-D
1954
1958
coup)—-1955
£7?
series E
I
—1—1957
A7s
(Aug 1941 coupon)
1957
C
1
series
A6%s
Nov
16
—
it
99 %
4
8%
68
103%
103
4
52
105 Va
107 Va 107
J-J
1957
1950
1963
.1970
L 3%s—
ilnternatlonal Power Sec—
P
12%
4%
11%
65%
105 Va 106 Va
105 Va
—
iV
:
Indiana
Nov
u»r"
1% Jan
5%
85%
104% 105
J-D
.1961
A
Co—
1st & ref 5%s series B
Illinois
Altalian
525
98
85%
59
109
105 Va
105
106Va
1993
Pow 3%
Mountain
Jan
1
Petroleum
67 Va
J-D
Green
Conv
oonvertiole '
80
657a
M-S
..1993
5s
$4
79
67%
58%
48
80
73
Western RR—
West 4s
Grand Trunk
Nov
500
4%
105%
M-S
1958
General Rayon Co 6s ser
3%
4,700
96 %
113
102%
79%
Prod 6s—————1953
Guantanamo it West 6s
1953
Hygrade Food 6s ser A
Jan 1949
6s series B
Jan 1949
A
20%
4%
5%
110%
773/4
A-O
J-J
J-D
J-J
J-D
Jan
12%
97
113%
79
1969
1953
1948
..1950
1963
Apr
99 %
5
183
103% 1037a
A-O
—
3%s
General Pub Serv 5s
Power
Gatineau
1%
3%
4%
170
M-S
3%«L-—
1965
Elmira Water Lt it RR 6s.
1956
Finland Residential Mtge Bank—
13%
•
10%
5
117% 121
J-J
—1971
—1969
...1978
A——
ser B
610
N-:
98%
<
113%
1
of N J Division—
21,000
%
27
108%
2
183
1112
J-D
A-O
(Bait City)—
4%s—
Gen mtge
Feb
8 Va Mar
12%
27
110%
21
TlO% 110%
110%
104 %
Continental Gas & El 5s__
New
Venezut'an
183
47%
49
105
Consolidated Gas
,New
Y«lt£*r Corp
117% 117%
Q-F
A-O
105%
108
U07
1958
series N
;
1st ref mtge 3s ser P_—
1st ref mtge 2%s ser Q
Nov
83
7 Mar
17
Jun
11%
•
Feb
1,400
Jun
3%
May
73% July
1,550
2,800
33%
5
7%
286
9
17%
—2
-.10
common
83
Jan
,Jan
1% Mar
16%
:
Df-N
99
iBalt)—
81 Pr
3%s
July
Feb
15%
Co..
Light 87
100
-.10
sugar
Utility Equities
38
86.
15%.
99
J-D
29
21
104% 104%
104%
—1969
5t
El Lt
Consol Gas
•
1
Universal
11%
48%
30%
Oct
16
14% Mar
5,100
487a
29
3
15
M-S
Grocery Store
Jan
14%
.
Utah-Idaho
127%
Oct
Nov
'4%
common
reversal
3%
48
3%
Reclaiming
Wallpaper.
Sep
Nov
16%
Securities
with
3
80%
83
1
United Stores common
United
25
! —1'
HI!
8
B
International
Radiator
S
common
class
28%
"7a
93/4
__
11%
23
Co
Oct
29%
275
3%.
[ .—10
Specialties
Foil
Feb
Jan
6%
Preferred
United
/
regis
preferred
Shoe
7
Nov
20
:.
48%
29%
47
F-A
M-S
F-A
5s—*—
Debenture
Indianapolis
Sharing
49
1966
1950
5s
Debenture
Ltd—
—25c
United
Nov
17
'
3/64 Apr
__
—
—100
10%
8
71
/
Jun
•
Feb
3;200
:
United NJ RR & Canal
Profit
Nov
90
100
223/4
United
48%
47%
29
62
Nov
93/4 Mar
<
253,800
1474,
-
7a
—
United
13
10%
22
293/4
preferred..!..
participating
Oct
Mar/;/
6% Aug
i
750
%
United Light it Railways
United Milk Products
$3
Feb
iT«
—
293/4
I
common
46%
1948
1954
gAChicago Rys 5s ctfs (part paid)_1927
Nov
59
1007a
Oct
.4
107a
7% July
/'•;'
6,700
13%
2%. Jan
4%
•
Stores.
preferred
United
!
16%
t.'
__
f
300
;
Products
Chemicals
United
8
Yds of Omaha
Aircraft
5% Mar
21,000
Rights
Union
48
46%
| A Central States Electric 5s
AS%$
12% May
12% Mar
2,900
3'/a
9%
—,
47%
Eastern Gas 81 Fuel
lo
•
Manufacturing Co
477a
—1998
J 962
1970
6s
Inc 6V2S
Bickford's
Boston
U
Realization
A-0
1027a
29
34
1957
B
series
M 5s
1st
Ulen
48%
1964
1st mtge 4s ser
UnexeeUed
48
47%
1B60
Telephone of
?
Udylite Core-—/—..-.: *
47
48
1977
195s
5%s.
Lackawanna
»
47%
F-A
47%
—
T & T deb 5%i A
1st
Nov
Apr
7%
J-J
—
Bethlehem Steel
Nov
5S% May
7
1
1949
—
5s
?: 5s series C
Nov
6%
r
927a
55
47%
J-J
M-S
1968
4%$—
deb
102%
102
102
1953
3%$—
Oct
3%
'
1Jan
"V 2,800
14%
Nov
Jan
35%
14,000
14%
•.
116
Jan
111%
129%
.
Canada—
Nov
May
1%
4
12
;
118
107% Mar
1027a
108%
123
Co—
Bell
13% May
1% May
1
10
109
111
100
5
109%
1125% 127%
1948
Gas 8t Elec
4%s
Nov
74
Jun
101% 101 %
A-0
1950
Elec
Atlantic City Elec
Oct
Jan
17%
Sep
970
•
3
■
1
—
3,100
X116
xiis
...1
Mining of Nevada
Corp.
Lux
1%
118
110% 111
110%
109
110%
Nov
25% Nov
43 t Nov
Jan
;vll6
.100
Transwestern Oil Co
Truitz
1%
106%
104%
47
J-D
J-J
.
—.2024
AConv deb 5s
Oct
Oct
-
9%
12% Mar
.100
Tri-Contmental
29
Jan
99
/'
High
104
107
8
109% 109%
J-J
Writing Paper 6s
1961
Appalachian Elec Pow 3%8——1970
Amer
deb
122
Jan
3%
Low
10174
1960
1970
2016
s
A Con v
35%
;/7%;Apr
1,400
High
103
s
Amer
January 1
Friday's,'
1101
3%s
,
Range Sinee
Sold
No.
or
J-J
3%s
y
Bondi
Bid & Asked
1950
Sep
9%
-
Jan
26
250
2,100
1,700
774
7%
1%
118
preferred
Tonopah
Oct
Week's Range
Last
Sale Price
debs
f
s
Cities
Amer
Todd
Jan
Jan
19% Aug
Sep
6% Jan
13% Sep
3,100
4,100
Amer
ft
5%
f
115%
8
common—
Realty & Construction-
Tobacco
2,700
28
27%
_50c
common
Co
800
35%
87a
1
new
9%
34
"•
2
pfd
Roofing Inc
Tishman
9%
34%
•.
,
deb
15%
!!"•
IlOO
common
Texon Oil it Land Co
Shovel
I May
5%
5% Nov
Electric Co.—
American Gas it
.
AConv
25%
50
1
Taggart Corp common
Tampa Electric Co common.
Textron
/
Oct
Jan
Low
CuH>
York
Interest
Period
New
*
AConv
Thew
~4% "5%
5%
—
15
Jan
5%
£1
preference
Assoc
Tiio
Aug
9% Nov
8% Aug
"Sep
Jan
If
7%
7
1.600
lAssociated
....
Power & Light
NOV
4 112
1,000
Registered
Texas
Jan
700
10%
ADebenture
Technicolor Inc
9%
Nov
25%
19% Jan
925
33
23%
pfd
9%
19%
Wright Haigreaves Ltd
Nov
3% July
Jan
Jan
Inc—
—-
Finch Oil Corp
Swan
Jun
5
•
'
10%
6%
Nov
22%
Jan
1%
1,800
1,100
31%
1
-
Cement,
12%
X15%
Nov
11 V
3% Feb
650
3
33
29
«•
Co
NOV
Jan
10%
American
Nov
8'
4% May
'1,400
6%
10%
Machinery
Portland
Nov
23
100
1,425
54% May
18
' Oct
400
.
'8
1
Corp
Drue
23
16%
Nov
15
A
Co common
Common
28% Nov
21%
Jan
700
21%
19%
14% July
13% Jan
110 v
27%
21%
11%
6
25%
26%
—.10
Appalachian Pow deb 8s—
Superior
Nov
18% Nov
1
Oct
22%
Apr
53
3
Sun
23
Feb
Sep
26
10%
3,200
.
32
'<
May
12
NOV ,L;
16% Mar
22
8
van
19
2
Nov
17
•
JStroock (8) 8c Co common—*
Sulli
300
40% Nov
Oct
Jan
18%
Nov
Jan
Oct
ctfs„ 1
16%
—1
(Hugo)
18%
11%
-
18
Jun
37
27%
pfd—100
Cement
petroleum
Woolworth (F W) Ltd
Nov
2
18
164
Woodiey
Nov
5%
•
1
-Ml
30
Inc
(J B)
170"
100
14Va July
Feb
Aug
.
Woodall Industries Inc
Nov
105
400
Portland
Nov
1%*
Sterling Engine Co
Btinnes
4
3%
5%
Sterhno Brewers Tnc.
Stetson
24%
40%
*
Light 79i
8t
Power
Wolverine
Sep
Jan
39
113% (Oct'
Mar
25
50
1
Inc
Winnipeg Elec common B
Nov
27
39
10
Co
&
Wisconsin
Oct
6%
Jan
C)
<R
Produ'ts
Willson
Nov
'
Jan
12,600
170
45
ft Jan
ft Jan
18%
138.800
3%
45
Jan
Jan
21
3,100
,,
4
Mar
3%
5,300
77 300
25
2%
Sterling Aluminum Products
Sterling
17
1.100
3%
•
Williams
Nov
J.%
preferred
2d
5.700
2%
Jan
12%
37
135
1
Mfg
Wichita River Oil Corp
Oct
NOV
12%
37
Nov
9% NOV
Jan
Jan
9
2,400
12%
37
8
Coke
it
Maryland Ry 7%
Weyenberg Shoe
Nov
12%
10
5%
common
1«r pr*t+rrixi
.
45
45
24%
160
12
14.300
37%
24%
4
Sep
Jan
80
% May
Coal
4%
Nov
Nov
46
Jan
18
300
2,700
9%
Nov
9
6-(
3% Oct
111
1st pfd—100
Stationery cow
*
Westmoreland Coal
20
Westmoreland Inc
10
Nov
13
14%
Jan
4
40%
'
....
24%
•
Jan
5
200
8%
2%
2
6%
4
12%
Aug
Va
Western
37%
Jan
9%
Oct
Nov
Jun
114
Mar
3
46
45
"9%
Western Tablet it
Nov
152
11% Aug
x51% Apr
30
West
17
900
7.550
36%
5%
5%
Utility $6 preferred
Texas
300
6
8%
97s
26%
Jan
Mar
9
35%
0
1.28
•
Manufacturing
West
36%
*
Baking Co warrants
Knitting Mills
Wentworth
Oct
16%
it Co common—
(A)
Sterchi Bros Stores
2.300
8%
Steel Co of- Canada——
Stein
8
Ward
Wayne
Nov
-1
B
(The) Corp voting trust
Starre11
11
49
32%
-—100
class A
Bond
it
10
107
300
26
25
25
8%
31% Nov
—1
—1
Co
class
Tube
Jan
High
.
Jan
5
100
8
Co
V&g preferred
Waitt
Oct
"
";
45
—*v
Standard 8 lver LeadStandard
7 45
.—•
Preferred
Standard
13
75%
10 %
.10%
8%
2%
"
Common class B————
/
75%
50
Standard Dredging Corp common
-1
$1.60 convertible preferred——20
Standard Oil (Ky)
10
Standard Power it Light
—
1
Jan
1.800
12%
12%
—
(A G) it Bros pfd
8hoe Corp
Stahl-Meyer
Inc—
Standard Brewing Co
Standard Cap it Seal common
Convertible preferred, ...,
Spalding
Sep
9%
-•v
Spencer
Nov
38
30%
1.900
10
—
50
29% Mar ,;;
134% Jan
10
13
12%
13
Phosphate
Pipe
Jan
May
41%
500
152
Nov
27
500
31%
Nov
8
42%
•
30
32
152
England Telephone—100
Co
10
New
Southern
Southern
Southern
46
31%
30%
28
28
preferred
preferred series C..
6%
5
11%
Jan
Aircraft
Waco
Wagner Raking voting trust ctfs ext..*
' Nov
Jan
Low
W
Jun
12
Range Since January 1
High
Low
% 19 '/a July
7 22
Jan
4
1,500
7
Shares
Apr
7% Jan
2% Jan
.
11,900
5
31
23
Pipe Line—
Pa
113
7%
5.400
6%
for Week
Par
«
'
11%
10%
11%
7
Oil
Penn
6outhwest
5
1
commons
South Coast Corp
South
Feb
10%
5.300
18%
11%
11%
4%
11%
1
Manufacturing common
Boss
hl/2
17%
Manufacturing
Solar
Sonotone
High
19 Va July
*
Co
Sales
Range
of Prices
Friday
Exchange
Curb
York
Range Since January 1
:>'■
High
100
7% pfd
Mills
8c Elec
(Howard) Paper
City Gas
Week's
Last
Sale Price
(STOCKS
Shares
of Prices.
Sale Price
16
NOVEMBER
for Week
Low
Sioux
EXCHANGE
ENDING
Sales
:
Exchange
Curb
York
New
Week's
WEEK
FOR
RANGE
n
Monday, November 19, 1945.
THE COMMERCIAL & FINANCIAL CHRONICLE
(2420
1037a
104
107V2
--*■"
1037a 107%
<
•
10
104%
27
104
$106% 108
-/
~
Pi
105Va
/
101 Va
108
105
102%
1053/4
105 %
109%
NEW YORK CURB
RANGE
y Friday
.BONDS j/:
V
Exchange
Week's Range
York
Curb
-
Interest
Last
Period
New
Sale Price
NY* Westchester Ltg 4s———^2004
North Continental Utility Corp—
series
'• i;jtJ/,* •'•.-Ip
3a__^
Public
£;j.;.'
3%s.,
:
Service
$103
59%
:
:
a-o
105'%-
P-A
S
-1948
i
.
;
101% 101 J/a
Paolflq Power & Light 5s.~u*>~*1959
P-A
United
f
69'%
J -J
,72%
,3
101% 103%
f
:
1964
1st
5s
103
M-N
M-N
-106% 107
$105
107
Pennsylvania Water & Power 3%s_1964
.
J-J
Philadelphia Elec -Power 5%s
Philadelphia Rapid Transit 6s
-1972
1962
Portland
;
$106'/a 107 %
$106
108
'
•
.
v
A5s
104
income
Penn
% 113
6s
V
r
5s
Co—
-
stamped extended
Corp (Can) 4%s B—
107V4 107%
J-J
—1950
Power
112
107'A
109%
109
f
s
Rys
A Stamped
ms
1964
3-D
——1949
Public Service of New Jersey—
6%
perpetual certificates
'3-D
1st mtge 3%s
v
-
$ 82 %
105%
Sinking fund deb 4s
M-N
162
84
53
JA
84
106
109%
; t
$108
103
105%
110
\\
119(4;;
:
119
119%
116%
1959
F-A:-
104
104
104
100
1937
J-D
$100
99
1947
JrD
$100 -101%
99 %
—
■
stpa
105(4
t
101 Va
!
-
101 Va
Foreign Governments & Municipalities
York
Curb
Friday
Exchange
Week's Range
Interest
Last
Period
Sale Price
•yf:i
Agricultural Mortgage Bank (Col)—
a
20-year
7s
April 1948
A20-year 7s«4—
...Jan 1947
Bogota (see Mortgage Bank of)
'
162
'A.'%
Bonds
Friday's
or
Bid & Asked
Range Since
Sold
High
y Low
•
January 1
Nox
■
Low
A-O
Safe Harbor
.1979
J-D
.1952
Xf-S
■
San
,
Water 4%s.
Joaquin Lt & Pwr 6s 3
ASchulte
Real
Estate
6s
.1951
J-D
.1951
Scullln Steel inc mtge 3s.—.
$106'A 107%
108'A 109
$124 JA 125
109
A-O
104%
107
106%
109
125
127
99%
99%
90
96
99%
96%
96
"
A-O
$74%
'
63
65%'Y
California
Edison. 3s
California
-Southern
Southern
MS
3%s— 1970
Gas
Gas
Counties
.1965
A-O
106%
106% 106%
$105
1971
J-J
$104
1951
F-A
105
1970
107%
ALima
F-A
$102
Southwestern
Spalding
(A G)
Standard
Gas
6s
L
&
P
2022
MS
1989
8s
5s—,—.
M-N
;
105%
7s
102%
102
106
130
96%
102
106
82
96%
ft
Power
103%
102 % 108
90
96%
96%
110
F-A
3-D
106%
105
F-A
104 J/a
104 J/a 107
35
6s——.1957
F-A
104%
103% 106 %
40
.1950
A-O
AStarrett Corp inc 5s
84
106%
83%
84
109%
96%
110
A Rio
30%
deposit
Industries—
(Hugo)
(State)
United
Electric
57%
United
Light
107
1968
<
J
55
,
—.
107
,
*5;
;
—
2
y 'M
;'2TV-
76
93
•v;;. so y
4
19
11
•
J-D
;
•
-
•;
.27
45%
38
••
$33%
:
.
'
37
-16 Va
Hi |v
%y
90%
35
■'
51 Va
■(-'•-YiV
y;—v •;'y 32
36%,.
Xf-N
$50%
•
'
..1947
3-D
!
A-O*
..1931
-1972
,7~
3-D
92
-y
■
M-S-:':v:
r
'
45
$50%
■
—~
92
2
6%s
1959
to
reduced
Plan
to
A
Government
—-ii
92
.
46
$44
'.
^
Y.
■
;y 38%
47 Va
■*.
37%
46%
y
36%
37%
__
.J-J
y.-i
$44
—
'
6%s
2012
J-J
1919
2%__
J-D
J-J
—...1921"
——
.'i
;v
ui
M-S
'
51% ;■<
22
75
.*T;;.Y;Y.;
—
y
47%
-
46%
.?7 22
$38%
37 Va
14%
12
147/a
935
5%
22
13%
12
14%
310
5%
21%
•
*i
*. ...
•29
.
r
107
100)8
sale,
d Ex-interest,
e
Odd-lot sale,
n
..
.
Under-the-rule
f
%
k.;Yyy'
■
bid and asked prices; no sales being transacted during current week.
a Bonds being traded flat.
«
* -V
'
{Reported in receivership.
"
t i
>
,
tIEx. liquidating ;cash dividend of $22.50, plus stock distribution.
*
.
<
Abbreviations used above—"cod," certmcates of aeposit; "conH," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificate*]
"wl," when Issued; "ww," with warrants; "xt," without warrants.
Y
*S
V*./
103
102 "A 103
a Deferred delivery
Ex-dlvidend.
x
,
r
iii'l
i
102%
5%s_1952
par value,
{Friday's
108 %
:
106
1959
(Delaware)
104%
no
Co
ft Power
'
1958
pursuant
sale,
r Cash
■?.
; .110
$105
—1949
4s—
St cons 5%s_
1st lien
United Lt ft Rys
■
•No
$50
.
N
;•
.—
——1948
3Vis
Edison
.M-N'
-1947
7s
Janeiro
de
Interest
.
Toledo
3
58
27
y.3> iy;
•
,
\
28
*
$44
—
1951
stamped
Bank of Chile 6s
Stamped
85
A5%s
A7-4s 2nd stamped
93 %'•:'
90%.
>•
21%
M-N
2008
pursuant to Plan A
Interest reduced to 2V8S——2008
58
1946
^Certificates of
Btinnes
27
■
Stamped
(Hugo) Corp—
A7-4s 3d stamped
J
to 2VaS
1927)
(issue of Oct, 1927)
ARuBsian
Stinnes
reduced
7s
AParana
96%
3
;
CO. to
•
(issue of May
A7s
110
>49
1951
—1957
Light
A7s
110
——i
6s
27
.
...
110
102%
90
M-S
1...—1958
Mortgage Bank of Denmark 5s„
A-O
debentures—
Standard
106
.
A-O
74%
27%
Mortgage Bank of Bogota—
111%
100
93(4
,vy
fyl
pursuant to Plan A
Interest
108%
104%
5
J-J
■r
$3%
'
105
May 1948
6s
Debenture
gold
20
—Dec 1.1966
Debenture
6s
111% 111 %
105% 105%
105%
89 y4
106'/a
May 1948
(stamped)
6s stamped
Conv
v
.
stamped
1952
(Peru) 6%s stamped_1958
City
A Mortgage
Electric—
&
105
6%s
AMarannu
AMedellin
Indiana Rys 4s
Southwestern Gas & Elec 3%s
Southein
M-N
29
; $27Va
—
F-A
External
109%
105
•
Extended
105%
105%
ip4f
Danzig Port ft Waterwaya—
Stamped
—
,
.iClffffg '
Danish;s%«
99%
101
(Calif)—
1st mtge 3s
Valley: 7a_—r-..Y..j...-.
105%
106%
V'SA;:: yy 71.y.;
74®a
:74%; :;:,74%"
,
ACauca
A
Southern
,'
High
_
-
Queens Borough Gas & Electric—
.1952
5%s series A
!
$106% 109
119 >A
106%
151
162
79
i
%
-
J't}^
109
102 y
106% 106%
$102
104
106'A
-.
J-D
:
|
J
116%
.
■-">
0$A-Orp
1860
5s
102 y«
New
J
115
4:
•%-M-S
1964
debentures
Co 5s
j
\
106%
,
*.
112%
•1
~"J 115
115
bonds
Public Service Co of Colorado—
109%
V
101%
,*,•106.* 106
1954
—2030
5s
High
\
109
101
$101% 103%
1959
Low
109'A 109%
M-N
-
SV'/rWV';:
.
')»
January 1
High
YYf v;"v/i''Y>V Y."
" '
11
Range Sinee
Bid & Asked
114%
106%
or' Friday's
_^;.v
V
.***2022
Newspaper Union
conv
'
& Coke
Gas
112
Week's Range
■
Last
1
Sale Price
;
dibs
Traction
IA York
I-
109
106
M-S
i
1952
Water Power 3%s
West Penn Electric 5s
West
107%
406
F-A
.Interest
—
:
Wash
73%
104%' 108
.-
Friday
-
-.v
105%
63
72%
J-D
1979
:
A
Waldorf-Astoria Hotel—
Western
fc
Penn Central-Xt &Pwr 4%s——1977
■
-
Light ft Railways (Maine)
series
Utah Power ft Light Co—
Debenture 6s series A
I
.
105 % 105%
Park Lexington
1st mtge 3s
V'.v-r
Exchange
v,.Loio
109%
C . 104(4 -109
105y« 107%
i 9 .1
:
106'/a 107
106%
F- A
:
Curb
105
105% :l057/e
-
York
Period
lOZVi j
58a/a
59%
$106% 107
.
16
High
101
59%
-
A-q
f
1962
Oklahoma Power ft Water 5s
Low
New
;vCj.v•
1968
4$^
NOVEMBER
...bonds
No.
2421
EXCHANGE
ENDING
Range Sinee
January!
V
Sold
High
WEEK
6s
1971
t_.
,
FOR
A /'.'A
Bonds
Friday's
or
J-J
paid)__—,.1948
(part
" v; vv-yv'.'
1st mtge
1st* mtee
Ohio
A
k y'
v
Ohio Power
V
Bid & Asked
Low
A5%s
J4''v.-Vr y'
CHR6 NICLE
THE COMMERCIAL & FINANCIAL
Number 4439
Volume 162
106%
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING NOVEMBER 16
—->
Friday
STOCKS^
Baltimore Stock Exchange
Week's
Friday
Last
STOCKS
Low
Q
35%
—100
Preferred v t c———
for Week
.
Shares
-":a
'
450
16
2.75
200
;;
37(4
Cities
Range Since January 1
Low
'.
28
6
•
c
Y,>y:1y:-.
255
Sugars Assoc com
t
v
&
High
28
'"Nov
Apr
7
Jun
I
Nov
Houston
Oil of Texas
6%
100
100
28%
pfd vtc—25
Feb
8
Jan
14%
Jan
58
Mar
100
30
Copper
Nov
Sep
Maryland & Pa RR_
100
Vernon-Woodbury Mills .pfd—-100
220
3.50
New Amsterdam
U
S
Casualty—
—2
45%
—50
Fidelity & Guar
3.50
27%
1
Feb
296
87%
Feb
435
26
45
117% 125
32
32%
40
f
A
83%
1975
84%
90
Co
32%
Mar
46
'
6%
Y
Nov
—
Fuel
&
5%
Street
Mass
Apr
86%
Apr
Jun
National
Last
.'»
..
American
Agri
American
Chemical
Par
,
Co
Sugar Refining
-10u
Woolen
Anaconda
Copper
Tel
51%
__
194%
•
26%
'
.
29
28
40%"
"
23%
yy,
40%
41% Aug
Jan
55%
Jan
196%
Nov
$7
conv
Boston ft
Inc
—•
Albany RR
23
.100
138%
135% 138%.
Isle
>
Royale
Edison
Boston
Elevated
Boston
Herald
Boston
ft
7%
—25
Ry
-100
-
Traveler
Maine
Corp
RR—
29
Jun
40
Jan
23%
Oct
5%
class
8%
class
B
Stamped
1%
class
1st
Nov
National
1st
■
■.
class D
'
...
;.
14
-100
preferred
77
7
Jan
60%
Jan
90
5% Mar
8
page
Oct
46
1,494
,y
100
13%
14
14%
13%
13 V4
14%
x
14%
145
■y
727
Y
''.am'nr'
.
;
' 50
Jun
81
.7
42%
13%
25
14%
575
15%
15%
Yy.*'9
2428.
17
16%
55
58
Y:
9
11%
H
14
80
41
ADr
an
Tunnel
17
an
Rac'g
Service
i;25%
July
Cos—.
Jan
& Mines
England Gas & Elec Assn
5Va% preferred
Nov
Aug
18
Jan
Mining
Butte
Nov
Nov
Nov
3
Nov
.Inn
,71%
Nov
Nov
95c
5
Nov
May-
38 % Mar
Oct
Aug
44%
Nov
1(4 Aug
RR
65 Va
33 %
Mills
Pennsylvania
Jun
-
99c
131 %
Feb
Old Colony RR
Pacific
16
17
3%
Feb
Jun
Aug
10% Mar
'135
17
58
Jun
Jun
2%
New England Tei &
Jan
10
13%
y
9% Aug
IOV4
10% Mar
13%
_100
•
30
-100
yy
,
12 Va
,.,62
New
North
iy;-:
14
-100
-100
see
f
14
-100
Stamped
footnotes
Jan
23%
-100
preferred
Boston & Providence RR
For
...
-100
—
1st
69 Va
.
'
pfd
;...
1st
Stamped
10%
•
,
42%
73
74%
-100
■■■'
396
1,845
80
41
-100
:
C
'78%
,
'
42
7
-100
pfd
'^7--
78 Va
Y
Jan
Nash-Kelvinator
138 Va
Jan
2,292
Oct
Nov
Nov
37
45
Oct
7; 46%
15
—*
—
•
3%
.
—
Jan
'
prior preferred
preferred stamped
A
9
44%
y
6%
Stamped
44%
.20
—10
>: Maine Central RR common
100
5% preferred
100
Mass Utll Associates vtc————I
National
Boston
Jan
Nov
17
101
'/a
Nov
Copper
Kennecott Copper
115% Aug
850
.
—
j
preferred
Narragansett
Bird & Son
Sep
Nov
A
,
Jan
9y«
' 599
class
B
29
180'
.
High
.
Jan
156%
1,858
23
28
,
135
7
39%
v
—50
—
53%
Nov
49%
Nov
Int'l Button Hole Mach Co__
Range Since January 1
20
190% 194%
s5.05
Co
1
LOW
'
1
f
Oct
■
Shares
38%
Nov i
59%
Corp
Bakeries
Hathaway
High
38%
Nov
'/8
Electric
''..Jvif Class
-for Week
Range
of Prices
Low
•
.100
Tel
American
'
-t"'/"'"
-.
*
com.
American
ft
:|
Nov
*
Capital
; t
Nov
Stores
/"Gillette Safety Razor
;?vW^k'»S#Sale*IE
Friday
,
Oct
% Mar
•
Employers Group Assoc
Engineers Public Service
91(4 Nov
Boston Stock Exchange
Sale Price
1
Stores
Grocery
General
v
Feb
99%
Lines Inc
SS
General
STOCKS—y-
Mar
Ry
.
First
*
Associates—
—
Nov
76
600
Co
Gas
1st preferred series
preferred class B
preferred adjustment-
6%
yocc
70%
$13,500
..
!
4% % prior preferred
3.50 Nov
125
Mar
38
290
90
.1975
:
V.
Z'
Feb
1
Bostoh
Economy
series
High
Nov
Common
Eastern
5s
Since January 1' :
T.nm
-
Range
Eastern
Y
Bond«—><
Baltimore Transit Co 48—
Par
—5
Apr
40%
Eastern
Mt
1
i
Preferred
f
Nov
91
•
Nov
46
10'
28%
Shares
I
20
270
14 >/4
57
Service
for Week
of Prices
Mining Co
Conn & Passumpsic River RR—
Jan
50
13%
57
1
c
Corp
—-10
Guilford Realty Co 6%
pfd stpd—100
Guar Fire
Fidelity
Hecla..
ft
Sales
Range
Cliff
East
Eastern
i-vy"."j:
Calumet
High
26
27%
•
t
v
common
Sale Price
Sales
of Prices
Par
Arundel Corporation
Bait Transit Co
Range
.
Sale Price
i V
Week's
-
Last
Apr
Apr
Feb
19 Va July
15 Va Jun
17
v'Jun
18%
22
60
Quincy Mining Co
%
Shawmut Assn
Stone
&
Jun
Union
Jun
United
Drug
July
United
Fruit
Twist
17%
14 %
Apr
18%
Oct
18%
Inc.-
Drill
0
Inc
Co
1
5
*
21%
10%
Jan
21%
Nov
40
Webster
Torrington Co
40%
35 %
July
41%
Jun
35%
39
30
39
Nov
26%
27%
Jan
27%
nov
Mar
120 Va
Oct
,
113% 116%
15%
90
Jan
;
Monday, November 19, 1945 B
FINANCIAL CHRONICLE
THE COMMERCIAL &
2422
OTHER STOCK EXCHANGES
■\
RANGE FOE WEEK
Week's
Last
Bangs
of Prices
Shares
Friday
i'
United Shoe Mach
preferred
67c
...
—
Co
D)
(S
Warren
25
45
67%
50 v
51%
18%
17%
18%
51
50%
-
North
Oct I
76% Nov ,
Nor
18% Nov
Nov
«
38
May
7%
I
51
;
Oak
Mfg
Omnibus
152%
149
1956
3s
conv
118% Feb
$1,600
155
50%
Range Since January 1
Low •>
:
/
/.,
50%
J"; ,f.
V,
100
25
23%
25
29%
30
750
165
92
18%
100
23%
190
18%
■
52
Jan
136
Feb
NOV
19%
,
S
Nov
93
NOV
^Jah
16
Oct
165
Jan
43
Nov
30%
f
Nov
25
*
17% Aug
!
10
90%
185
High
-
-1
36% Jan
950
29%
100
prior lien pfd
preferred
—100^
Nunn Bush Shoe
ItON D S—
American Tel & Tel
Util
•
common—
Shares
Poor &
Co
Pressed
4,300
1,850
t
108% 108%
10
250
>
<
s
10
Nov
10%
NOV
12%
Jan
15%
Feb
96
;
/
S
8 3/4 Mar
S3* Jan
109%
Jan
Oct
10
23%
22%
23 %
j
50
44%
43%
44%
?
400
33%
Jan
44%
Nov :
23%
23%
100
13%
Jan
25
Nov
V
B
(The)
Steel
,200
8%
-
capital
RR
class
Potter Co
15 %
\
class A
Elec Switch
Pennsylvania
10%
57%
10%
5
100
—
Penn
10
14%
1
common
Corp common
Peabody Coal Co class B com
6% preferred
Nov
91%
-—2VsT
common
*
H
Jan
Jan
31% July
505
West
20
common
Bancorp
Sales
for Week
/
Ijpio High
10
common
Car
American
Northwest
13%
25
36%
34%
Westlnghouse Electric Corp..——12%
-
Apr t
72%
Jan
Standard
National
v':
Range
ot Prices
Far
f
Nov
36
192
51,
50
July
59% July
95
76%
74%
76%
•
*
Inc
System
Waldorf
49
67%
& Min common—.50
Smelting Ref
U S
900
49
10
U 8 Rubber
July
73 %
83
83
it Last
Sale Price
I
High
80%
82%
STOCKS—
Range Since Janvary 1
High
Low
25
—.--25
common
■■
=
Par
Week's
Friday
far Week
Sale Price
STOCKS—
ENDING NOVEMBER
Sales
"7
1
1
;6%
7%
850
22%
22%
22%
200
16%
Jan
•
98%
98%
99%
150
76%
Apr
10
32%
32
33
23%
24%
common
Car
23%
-18% Mar
common
Nov;
7%
Nov
24%
4% Aug
Nov
•
Quaker Oats Co
Chicago Stock Exchange
1
Week's ¥
Friday
"
1
Admiral
Corp common
Advanced Alum Castings
of Prices
Low
par
Common
14%
Sangamo
High
LOW
10%
13,600
Aug
16%
Feb
58
150
29
Feb
58
n
class
Co
Co
Mfg
Bergboff
Binks
110
113
100
158%
Jan
63/a
14%
3,150
4%
4%
4%
7,100
1%
196
12%
3,100
73/4
14%
Jan
43/4
5
1,550
3
Jan
2,700
5%
Jan
9%
29 V
20%
16
Apr
26
Jan
36
Nov
163/4
Jan
27
15%
14%
1,150
10% Mar
17%
18%
29
1,650
7%
Jan
19%
18%
Feb
29
52
52
52%
200
37
433/4
44%
600
24
Jan
<
24%
(A M)
Si Co
Castle
Secur
Central 111
Corp
Pr
Burrell Corp
Cherry
Convertible
44%
5%
Service
Co
Furn
Co
26% Aug
- j
,
^
J'lov
19%
Oct i.-
19 %
100
13
Jan
15%
15%
153/4
800
14
Apr
16%
Feb
38%
2,400
31
Apr
39
Nov iT
500
.17
19%
38%
6
27
26
27
com_J?»
47
47
48
36%
Jan
99%
99%
100
79
Jan
100
Sep
51%
52
200
25%
Jan
52
Nov
233/4
23%
100
34% Mar
233/4
Nov
25
Carbon
Carbide &
Air
Light
Line
Transp
&
*
6
capital
capital
Rys
52
-
70
27
Nov
48 Vz
Jan
Nov
82%
Oct
*
81
78%
81
800
59%
"
common
Co
common
333/4 Aug
11%
Nov
10%
Nov
Wieboldt Stores Inc
Oct
Wisconsin
25%
6%
38%
common
Jan
Jan
5
capital
(The)
Jan
39%
39%
393/4
300
31 % Mar
40
200
31% July
143/4 Jan
37% May
Jan
Woodall
22
Jan
35
Nov
Jan
112
Nov
36%
26
25
26
300
17%
17%
17%
200
*
16"%
15%
16%
1,150
8% Mar
22
5
common
com
Yates-American
f
99%
35%
*
common
Bankshares
Indust
Nov
•
11
10%
11%
1,150
73/8
Jan
11%
17
1,000
El & Mfg com (new)_12%
Westinghouse
150
Machine
capital
11%
NoV
26
17%
Jan
Nov
Oct
Nov
'
3%
9%
9%
20
Jan
15,200
u
119
126
60
111%
164
119
9%
Jan
167
Nov
Copper Mining
Atch Top & Santa Fe Ry com.
Bethlehem Steel Corp common
;
}
480
823/4
Jan
200
8%
fjan
20%
20%
900
9%
20,500
Jan
20%
Apr j;/
Apr ;
73/«
Jan
9%
Feb#:
16
<V
•
Anaconda
131
16
Stocks-
American Radiator & St San com
Sep
167
9
NOV
9% Nov
19%
19%
Unlisted
3% Nov
Jan
Jan d
14
100
20
6%
%
800
3%
3%
20
20
Curtiss-Wrlght
Interlake
General
Electric
Iron
63%
500
53%
Jan
64
Oct <
Martin
253/4
26%
300
24%
Oct
27%
Oct
45
300
25%
Jan
49%
Jun
72
72
200
54%
Jan
76%
Jun
Oct
Nov
Jan
Jan
76%
Jan
106
Nov
96
Nov
300
67%
Jan
X96%
8%
8%
300
5%
Jan
8%
Oct
•
Nash-Kelvinator
c 44
18
40 3/4
11%
29"%
300
403/4
48%
48%
300
38
Jan
49%
Sep
•
1
5
...
common
(Glen L) Co common..
Corp
39%
100
600
106
163/4
17
40%
12%
12%
200
9
Mar
12%
95%
•
—1
Co
Corp
X62%
50
100
j
—
62%
•
II
-100
;
8%
Oct
38
34%
38
500
22 3/s
Aug
38
Nov
24%
233/4
24%
900
15%
Jan
25
Nov
Jun
•
31
29%
31%
1,500
22
Jan
32%
Paramount Pictures Inc
1
45
433/4
45
500
28
Jan
45
Nov
Pullman
i
*
483/a
Jan
64
Nov
22%
23
800
17
Jan
23
Nov
16
1,500
10%
Jan
16%
Nov
600
19%
Jan
28%
Oct
capital
Incorporated
Pure Oil Co
•
75
1.10
common
*
75
26%
II
29%
7%
34
33%
34%
6,400
1
23
29% Nov
3%
200
25
75
Jan
100
18%
Jan
16%
1,700
7%
18%
5,400
com
W,"
,
v
Oct
63
100
-Us ;> 11
Co
Inc
Co
partic pfd
partic shs vtc B__
Co
common,.
Cudahy Pack 4%%
Decker
(Alf)
& Cohn
Industries
Domestic
Inc
8
Jan
(The)
Radio Corp
Standard
1
28%
Jan
34% Nov
*
7%
Jan
23%
20
com
18
27%
class
5%
27
;
Jan
47%
10
Mar
Oil
550
12% Apr
20
27%
1,500
15
1 Jan
4
Apr
6
•
443/4
443/4
100
29%
Jail
45%
Nov
—.25
X68%
68%
200
68%
Nov
28 3/b
29%
800
56% Aug
183/4 Jan
30%
Sep
57
72 3A
Oct
common
U
S
N
of
J
i
Corp common
Rubber
Co
29%
10
common.
Mar
—
Nov 1
5?:
20%
450
133/b Mar
-Nov
22% Sep
44%
44%
100
35%
Jan
•
Last
■
STOCKS—
Drive
Auto
..10
700
18%
28%
133/4
Jan
19% Nov
50
19
28%
18%
24%
Aug
34%
j
Industries
Aluminum
General Finance
Gibson
Corp common— —1
13%
13%
100
Corp
Motors
General
72% X74%
900
Safety
Goldblatt
Bros
Co
Go6sard
Razor
Inc
-10
common
Refrigerator Co
Gillette
-1%
1
common-
11%
•/
common
Low
12%
Nov
24
13% Mar
200
I
Champion
com
24%
Hall Printing Co common
Hamischfeger
Corp
Brew Co
Cincinnati
Ball
Parts
Gas
&
Jan
18% Nov I
400
16
Jan
21%
Oct
i
Cincinnati
650
18%
Feb
25%
Oct
»
-25
Houdaille-Hershey
class
58
B
23%
Hupp Motors common (new)
—1
6%
Elec
Apr
19%
Nov
Apr
21% Nov
Illinois
capital
Central RR
10
common
Indianapolis
Power
Steel
Indiana
10%
Jan
15%
Nov
48
Jan
58
24%
Oct
Union
550
58
220
23%
400
17
/
6"% July
3% Jan
1,600
Crosley
Corp
Interstate
Power
$6
pfd
«
Yards
Co common—.—
Kellogg Switcboard
common
Kentucky Util jr cum pfd—
Salle
Leath
&
Ext
Co
Univ
—1
18%
37%
40
200
20
36%
250
Dow
Eagle-Picher ——
Early & Daniel.:—
if
i
Jun
Drug
Oct
J"
Foundation
—1
Ii
Material
Nov
*
Co
Nov
1
Marshall
Field
Co
32%
150
12%
Jan
39
Jun
Food
Prod
14
Nov
t
Middle
Corp
11%
Jun
I
Procter Si Gamble
May
&
Hart
Inc
common
$1
prior preferred
Modine Mfg common
Monroe
Chemical
Common
....
Montgomery
For
Ward
footnotes
rtc
55
55
12%
20,
Jan
19
Jan
12% Nov
5%
23
21%
23%
300
17%
100
13%
Jan
36
37%
900
18%
Jan
23%
350
8%
Apr
19%
20%
8,200
10%
Jan•
13
13% Mar
17
180
Jan
Nov
,
iV
U
6
6%
pfd_
-
&
see
i
common!—•
page
f
16
Jan
40%
Jun
14%
567
353/8
•
35%
11
'
11
July
28% Mar
i
t
kb
'
120
71
36
36
36
51
4
4
15
1
Apr
11
Nov
Jan
203/4
Nov
15
Mar
7
76
Nov
V
Apr
36
'
i
■f
•
56
70
13%
46
26%
-
Nov t
Jan Hi
5
4Jan
•
47%
47%
28%
29
22%
22%
I
Jan
56%
Nov
36%
Jan
50
Oct 1'
155
27 *
Jan
32
Mar IF
55
48'
28%
40
232
56 %
56
23
S
"
64%
-
200
63%
65%
372
•53/4
€
125-
-
12,200
•
2%
Jan
Nov
i
City
«
Cities
20-%
Nov
!
6%
Jan
17
Nov
Jan
43% Nov
48%
Jan
55% May
2% Mar
Jan
•
Feb
'.
6
Oct
k
';
j
vi
Nov p
30
Jan
30 ;
Nov
I
20
45%
Jan
61%
Nov
I
28
28.
45
14%
Jan
,29
Oct
j
51
51%
82
43
Jan
513/4
Oct
,
10%
10%
4
10
Feb
10%
Nov
J
26%
28%
190
15%
Jan
Nov
i
23%
24%
10%
2$%29%
10%
10%.
51
198
-
23%
Utallsted—
American
Rolling Mill-
Ice
&
Fuel__„
6%
74
t'
Service
-
Crosley rights
4
—
-3%
4%
28%
Oct' 5
27
20% Jan
25
93
18% Aug
29%
Nov
Jan
10%
Nov
»
Nov
4%
Nov
«
f.
369
50.173
^ 4
r
3%
c
General Motors
Pure
.10
74%
268
G2% 2&B
90
18% Jun
Nov
Standard
Nov
Timken
Brands
Roller
•
Bearing
*
2428.
1
44
45%
79
28 %
Jan
60%
50
51%
Jan
73%
74%
22%
—
Oil
23
44%
60%
-/
i
5'
Nov
33
48%
66 Yb
61%
.10
Columbia Gas
10
500;
«'/i 'NOV.'.U
55 % Mar
33/4
Nov,
23
'■
5
Nov
50
800
Mar
27%
.50
23%
500
...
Jan
3 *
61%
-•
V
16
30
.10
«s
Bank
Western
14
8%
•••'
5%
Printing
37%
55
6%
*
-
v'i
43%
73%
"
—
Preferred
i
12
72%
-
8%
———
Jan
17
6
73%
i
Nov
Nov
16%
"♦
_
Co
>
Nov
107
.*
Playing Card..—
17%
55
*
S
23%
V
43%
Co
Jun
15%
93%
71
l
Rapid
U
11% Sep
13
V
Nov
7% Jan
6% Jan
•
11
6%
I
109%
70
Randall "BM
v,
4
45% NOV
2,500
500
11% Aug
7%
37%
250
18
45%
56
Feb
4% Mar
eoo
8%
17%
11%
52%
130
11%
_10
—
2% Mar
i
7% Jan
20%
{
.}■
6% Nov i
-
23
capital
West
Jun
Jan
20%
National Pumps
1,200
com
Nov
12%
i
Jan
2,100
*
common
MJckelberry's
47%
Jan
Jan
"
17
_5
common
Jan
10
Oct
11
Lunkenheimer
10%
common
Dredging
28%
8%
20%
—*
Kroger
10%
;
McWilliams
»;•
■
-
78%
—»
31%
Jan
10%
1
r
•
106 3/4
2
•
Jan
6%
14
11%
•, )
97
*
xl9%
55
t
"
1,333
•
10
—
500
7%
Libby McNeil Si Libby common
Printing Co common
Lindsay Light & Chemical com
!"•
l
15%
—*
——
Investment
Art
100
45%
Lincoln
r
■is
Gibson
10%
10 %
17%
Nov
93%
107
203 a
10
——
Insulation
31%
13%
preferred
606
6%
14%
35%
*
—
x9%
13%
common
Cumulative
>
2 VB
?
37
Jan
Oct
41%
25% Aug
10%
~50
11%
*
'
1
18%
7% Jan
550
18
6%
common
Nov
Jan
1
14%
*
*
Manischewitz
Katz Drug
Jan
44%
93%
107
15
50
—
Stock
31
10%
■6%
—.100
...—
31%
*
1
common
25%
Jan
Oct
Jan
15%
56
35%
40
com.*
& Light com
Prod
i8y4
100
Independent Pneumatic Tool vtc
60
162
6
f
21%
6%
11%
47%
\f''\
'
13%
18
5%
Cincinnati
j
11%
600
17
23%
39% Nov
Jan
22
100
pfd
50
Telephone
Formica
Illinois Brick Co
5
Cincinnati Street
14%
—3
Hibb Spencer Bartlett com
47%
Crank—'
200
100
1%
253
2
High
Jan
32%
i
19%
/
1%
*
24%
20%
17
—I
,
44%
Churngold
Oct
21
39% .39%
-.10
cap
Motor
Werner
-10
com
G
433/4
*
Cincinnati
Heileman
20
5
35
16%
Nov
23%
9
21%
& Fibre
Paper
18%
common
Dk
11%
1,950
LOW
21%
Products
Range Since January 1
High
*
Machine
Laundry
21
common
<H W)
Lakes Dr &
11% .11%
23%
23%
Nov
Sharaa
Oct
75%
Jan
62
Feb
14
6% Jan
American
American
(Peter) Brewing common
for Week
Range
•of Prices
Sale Price
••vW--Far
Four-Wheel
Sales
Week's
Friday
44% Nov
44%
Aug
Cincinnati Stock Exchange
Nov
Nov
39
21
..15
27%
Nov
110/
47
—
263/4
Oct
101%
5,900
6
15%
16
Nov
40%
100% Nov
49%
21
49%
National Watch- Co
22
Jan
30
20
'
22%
27%
Oct •*
26
50
200
27%
>
5%
Utll Corp
Electric Housenold
20
101%
•
—
Nov
36
Brands
Standard
18% Nov
—
•
•
common
of America common
Republic Steel Corp common
Oct
July
17
50
40
39%
101
(The)
Corp
Paper
Inc
46
20
•
25
;
23%
46
pfd (new).lOO
cum
18%
—50
Dodge Mfg Corp common
Miller
Jan
6
10
Corp common
Jan
—•
Co vtc
Common
Crane
Line
20%
27
5%
——_
Uten
(The)
Consumers
La
100
Apr
Studebaker
Hein
Nov
26
17
26%
Consolidated Biscuit common
Great
54%
30
6%
133/4
290
♦
Commonwealth Edison common
Fox
Apr
27
23%
-5
pfd——
Aluminum
Coleman
Elgin
Nov
26%
26%
common
500
—1
Chicago Towel—
Common capital
Eddy
20
450
26%
A
200
15%
common.—————*
V t c for
Club
100
54%
*
class
Co
&
New York Central RR
for
c
Cities
19%
52%
_
53
Ss North Western Ry—-
Chicago
t
Jun
19%
26
—
Oct
93/4
34
Chicago Milw St P & Pac com wi_
V
Nov
Nov
Walgreen
112
*
preferred
Nov!,
18%
6%
U S Steel
34
*
common
•
20
36%
14% Aug
tl93/4 Aug
12% Mar
Nov
110
l50o
Chicago Corp common
450
43%
11 %
Lt pfd
&
2,700
Jan
31%
.
States
Central
18%
27%
Jan
9%
167
'
350
1:7%
26 Va
x!8%
3%
United
34
1
common-
preferred
Central 8 W Utll common
Prior lien prefeired.——
Apr
19%
18
33%
208 South La Salle Street Corp
112
Convertible
14%
1
Sep f
1,000
Union
'
—.10
common
Serv $6 pfd-
Illinois Pub
Central
9%
3,800
10%
500
Jan
k>
43
30
243/4
5%
,
42%
93/4
24%
350
9
83/4
9
Oct
6%
10%
Brothers ——————10
Butler
Nov
30
42%
30
800
39%
1
Trane
52% Nov
Mar
44%
Oct
10
United
Borg-Wainer Corp common———5
/U Brach & Sons (E J) capital
.
•
:
Brown Pence & Wire cl A pfd
—*
Common
———1
Burd Piston Ring common
1
Oct
35%
500
-
Nov
29
31%
3,700
10
Storkline
Nov
300
18%
29
Stockyards capital
Dredge
Swift & Co
Oct
14%
550
383/4
preferred
Stein
Nov
1,200
30%
373%
27
2
common
Common
Oct
50
26%
30
29%
Standard Oil of Ind capital
Jun
600
20
36
X 24'%
30
*
capital
Sundstrand Machine Tool common
X34%
Nov
30
•
Works
Lathe
Inc
Standard
6% May
83/4
,
Jan
24%
37%
5
new
Bend
St Louis Nat
Nov
8%
25
-
!
4% Nov
12%
5
-•v; Bliss & Laughlln
South
Nov
8%
35
46%
30
Nov
Jan
11%
133/4
Common
Oct
July
xl7% Aug
23% Jan
18% Jan
30%
1
Sinclair Oil Corp
;
Feb
Jan
12%
capital———
Inc com—.5
Co
52%
135
420
1,150
'
*
Oct I
102
Signode Steel Strap Co—
;
Nov
*
1
*
Co common
capital—
new capital
Co
&
SerrickTCorp class B common
Spiegel
Oct
14
5
•
10
—JL
1
com
Corp..
Brewing
Mfg
A
common
common
11% NOV
Jan
191% 191%
common
Seelig
&
Barlow
Belden
39%
100
51%
1243/4 125
Mfg Co common
Bastian-Blesswg
Cummins
19% Nov
58
——5
1
Athey Products capital
4
Automatic Washer common——
8
Aviation Corp (Delaware)
——3
Co
&
Asbestos
V
Jan
7%
250
100
100
Tel & Tel Co capital
Armour
V
7%
830
51%
Public Service pfd
American
/
250
19%
..
American
;
13
11%
::io
common.
Co—
Chalmers Mfg
A1113
12%
10%
19%
common
Corp
Products
12%
10%
common—
Allied Laboratories
Allied
5
Electric
Roebuck
Sears
15% May •*
14
Oct'
Jan
•
Bearing
Ball
Aetna
50c
(new)
Schwitzer
Bangs Bineo January 1
8hares
Hiah
13%
14
Rath Packing common
Raytheon Mfg Co—
Sales
for Week
LastRange
Sale Price
STOCKS—
common
>
'i
75%
Sep
23 %
Nov
64^
Oc£
Volume 162
Number 4439
THE COMMERCIAL & FINANCIAL CHRONICLE
'
,
2423
OTHER STOCK EXCHANGES
WEEK
FOR
RANGE
ENDING
NOVEMBER
16
jf;
Last
Cleveland Slock Exchange
77'Y
Friday
Week's
Last
/STOCKS—;
America n
Basic
Coach. &
"
5
Body.
4;
775
15'/a
15%
15%
—,-1
Refractories
8%
s
800
7%
—
&8
■
—
88
6%
Jan
&
11%
Apr
>
Standard
Sep
16
Tivoli
Cleveland
Cliffs
Iron
preferred—
Faultless
Rubber
Electric
Goodrich
F)
(B
—
—
Great Lakes Towing com
Greif Bros Cooperage class
Halle
I
II
j
j
Bros,
7
V
<27%
35
.
United
-37
>
—5
Iron
Jones
Wayne Screw Products——.
22%
Apr
--27%
Oct
37%
Jan
49%
53
July
74%
July
63%
Mar
24 Va
35
Nov
48
Jan
v
,
150
,5
16%
50
...
52
Kelley Island L & T
14%
.
_——10
Sessions*—
Oct
175
39 Va
33
280
1,306
13 Y4
'
12%
Nov
Jan
;
National
17%
Refining
N
Oil
28%
28%
Mar*^
7%
Jan
14%
(Un)_—J
Patterson-Sargent
a30%
——
lUn)—i—
Jan
40
Jan
13
15
Jan
Republic. Steel
(Un)__*
51%
<
502
21%
Jan
32%
16 Va
Aug
'•
51%
Products,
Thompson
U
S
Steel
26
26
a64% a64.%
78%
80%
:—-10
Ohlo___;
of
Oil
16% Jan
24
19 Va
Jan
28%
*
——*
Inc*
39% Mar
51%
(Un)——
i
Tool
■"
••
10%:
—4
-—
'
'
19% Aug
345.
Youngstown
Steel
45
10
Bandinl
Barker
66%
Nov
58%
Jan
82%
Oct
110
10%
7%
Jan
10%
NOV
July
39 Va
r
•
Bros
5%%
Diamond
66% Oct
Bolsa
27% Sep
Broadway Dept
Chica
Oil
Jackson
New York Curb
Associate
Corp
Oil
Co
Stores
Oil Co
Motor
class
Detroit Slock Exchange
Range
Shares
Los
Range Slnee January 1
H1?h
Baldwin
—
Rubber
McLaren
.f £ Brown,
1
2%
f I Chrysler Corp
|| Consolidated Paper
it
Con tinental
„5
—I*—,*
common—
Motors
,
*—
CJeve Navigation
—
,
15%
16
115
;.
22%
16
.22%
„i
Nov
3
Nov
18%
Jan
Nov
101%
150
18
129%
Feb
250
8%
Jan
3,725
5%
Oct
2,425
21%
Jan
3,155
1%
Nov
Nov
23
Jan
Jan
16% Oct
&
ll neuron Edison common—————.
if Detroit Gray Iron„——_——
f I Detroit-Michigan .Stove—
.10
7%
6%
25
_20
~4%
„5
>
-
'7%
25%
4
-
4%
1
—1
9
i
9%
250
15%
200
5%
7%
Jan
Nov
'-25
4% NOV
10%
Jan
Oct
-
•
!
Eureka
Vacuum
Ex-Cell-O Corp
7
C——
pit—
Motor -Truck
Federal
15%
*60
„*—5
common—
I
5%
Fror.kenmuth Brewing————.
.**.'3
Industries-—-**—
Wood
Gar
General. Motors
11%
.1.10
'
Oraham-palge
common-——
Grand
Brewing*——,
.—,1
Half' Lamp
10 Va,
;
:
*—5
——*—
2%:
•
A'
1,305
4
•
-
Nov
NOV
Oye 'Oct
Jan
...
1%
2,850;
75%>Nov
;; v "•'V'' 7% -'Get'
12% Aug
5% .Jan
.
2% NOV
Jan
"
13%
13%
300
9
13% NOV"
%
Jan
23%
Jan
27%
Aug
12%
15 Va
Jan
18 Va
Nov
Jan
34 % May
6
May
7%
Jun
3%. Jan
6%
Nov
iv
'
Hoover
Ball
Hoskins
■
*—>——
—10
1————
&
-*2%
Bearing
Mfg
■
Hudson
Motor Car
common—
a
-
16
.....
I—1
Hurd Lock & Mfg—
*
25
^ 16
'
—-
V'
'
7%
29%
7%
25
127'
16%
850
2934
4
581
7%
2,416
6%
-
j
100
*
z
Kingston Products
Kinsel
Drug
Kresge
1
—
—
(S. -8)
—.
Co—_
!—.
-
Lakcy Fdry & Machine
LaSalle
-—.
Screw
Products—
Sugat
Park
Motor
Car
Chemical Co
Parke,
Davis
Parker
&
I
,
W)
»
200
3%
L. —1
common,
6,361
4%
13%
13%
4% r 4%
30%
4%
'8%
4%'
30%
1,850
37
2
see
•
page
2423.
672
28%
$ 784
5%
4,423
Nov
Nov
7%
Oct
7%
3%
Nov
1%
Nov
4%
Jun
33 Va
8ep
17 Va
17%
470
12% Mar
17%
Oct
75
95
Jan
95c
Nov
15%
43,615
165
30c
15%
13
Jan
16% Aug
7%
7%
1,900
a9Va
a9Va
50
Mar
9
2%
Feb
24% Jan
5%r Jan
♦
3 %
Oct
4%
Nov
8%
Nov
Feb
-4%
NOV
Nov
Feb
37%
C Jan
29%
NOV
Jan
5%
NOV
29%
13
13%
31% Oct
325
16% Jan
4%
•4%
4%
250
3% May
5%
6%
63A
6%
1,042
3%
67/s
25
5 % %
Rice
Ryan
Oil
Oil
73%
90%
95c
Co
1
95c
4%
40c
.
1,300
55c
Jan
40,482
29c
Apr'
1.65
15
6%
435
45%
.
366
34 Va
90c
Safeway
Stores,
Sierra
Nov
Jan
46
Nov
51 Va
Jan
60
NOV
48%
Jan
60
a26% a261/2
20
20
Feb
26 Va
"7%
77/a
10,413
Jan
/ 8%
7'/»
•
a48
5M,
47%
a48
45c
50c
14%
16
—***,1
7%
7%
Trading
Corp,*,—
Signal
Petroleum
Sinclair
Oil
33c
10,200
/50c
V 6% May
Aircraft
Solar
Southern
Co
Calif
*
Pacific
Oil
of
Taylor
Oil
Union
Nov
Oct
18%
Nov
21
Jun
Jan
Jan
36%
Nov
914
Jan
32%
Nov
25
25
•
7,010
30
Mar
31%
Jan
39
151
38
Jan
39%
Jan
59%
Nov
39
Jan
47
Nov
Sep
8
pfd
West
Air
57
59%
46%
47
1,465
fl
7%
8
1,740
47
8
■
104%
.****25
A—.***—*—******
26%
-
26
26%
18%
/
15
52
,
Nov
Jan
26%
Nov-
v" 19%
Nov
Feb
50%
20%
Jan
26%
Sep
Nov
99
Sep
104%
Nov
16%
90
I 2,513
26%"
a34% a34%
24%
May
10% Mar
4,057
104 >/4 104V4
5%
'40
28
830
18%
a67% a68 Va
18%
5
Inc
30Va
1,137
*;;
59%
•
1
*
2
«
California
class
Nov
23C
26%
787
a35% a36%
a36%
18c
:'76
11
200
18%
18%
Jan
Feb
14% Aug
1,560
'
Jan
Oct
27%
311/4
39
Corporation
of
Preferred
18%
2,000
Jun
;
32%
Calif*
&
17%
7c
Oct
53
,
32'/4
Corporation
Milling
Corporation
Transcontinental
18%
4c
54
470
/
27%
Jan
25% Aug
181,000
76
17C
413/4
31
Oil
Transamerlca
17C
75
•
25
Company—
Co
60
127
18c
15c
17c
20% Aug
230
25
Southern Calif Gas Co 6%
Southern
IP
B_—
preferred class
5% %
preferred C
Sunray
26%
51
Nov
£10;/;: May
Co Ltd
Edison
6%
Standard
Tec
—•
1
—
26%
51
Nov
16
10% Jan
620
7%
Oct
NOV
Jan
49% Mar
Jun
Mar
1,959
a32%a32%
(Calif)
Co
Corp—
4
,
*
,—30
—15
—25c
*
Signal Oil <fc Gas class A_,
Nov
15
50
50C
Corp,,,
Oct
1.65
Jan
630
15%
Inc
Oil
Apr
80c
59'/4
45%
59V4
•
Companv
Union
Nov
Nov
23c
*
Shell
Oct
Oct
6%
a60% a60%
50
Company
45c
Jan
20c
Nov
4%
Sep
8c
850
Aug
95c
Feb
76,900
1.40
45%
—1
—j.
1.00 Nov
35Va Nov
Jan
22c
6% July
1.05 NOV
Feb
192
3% Aug
400
Nov
19c
Aug
90c
14
1
-
30c
400
;
Jan
70c
L45
25
common
1.45
;
Jan
18C
10
*—*
10
common—
60c
100
Oct
24
July
70c
85c
21c
*
Corp,.,
5,980
6%
5%
6%
!4%:.
40c
40c
1
1
1
Corp
■
19%
183
29
Nov
1.35
May
45c
110
Oct
32% May
Jan
Jun
9c
5,600
?
95C
4%
3%
25c
.
■;
Sep
Nov
91
Apr
100
10,000
34«/4
185
185
74%
62%
15 Va Jan
15% July
225
11,400
1.00
90c
34V4
1
.
19c
17c
1
new,—100
'
Feb
Oct
30%
,
Jan
75c
;
8
'9%
Jan
53%
40
1.05
75c
16%
7,850
6%
6%
,
1.00
10c
Co
1.35
;
50^4 July
344
91
1.20
6%
Co
Aeronautical
70
19c
common
Corp
200
a287/a a30
23
24
24
6'/a May
7% Aug
62% Jan
321
30%
1.25
1
Co
73%
30%
.
—,__*_1
Oil
;
.
a61% a62 %
*
•
10c
preferred
Ranch
"7%
a9%
1
Republic Petroleum
Richfield
92%
Jan
Nov
\4%
24%
Jan
Jan
5%
—„„&_,i:
Co
37%
28
2%
35%
1% Jan
7,848
4%
.
1% Jan
100
8%
Jan
32c
B47'
210
4 %
5% Mar
'
170
*
.1
'
11,200
1%
8%
Co
footnotes
26% Mar
200
1%"
—5
River Raisin Paper
For
1% May
470
2%
Wolverine
(H
>7
-
;
■>
7,000
■
1%
common
Motors
Rickei
7%
3%
_50c
—^
Peninsular .Metal Products.
Reo
2%
35%
7%
6%
„10
Abrasive
2%
35%
common
Motbr Wheel common
Packard
—1
;
Preferred^
Mid-West
2%
"7%
4%
—_
McClsnahan Oil common
Michigan
.—1
—2
Wines
Masco
1
6%
..10
Oct
27%
—10c
Gas
Western
Nov
192
•
Indemnity Co
Lighting Corp common
Pacific
Nov
27
30%
Corp
Elec
31
30%
Products—
&
Nov
94 %
62%
Pacific
Pacific
Aug
38%
Jan
Co,.
Security
;3% Jan
2,163
-
Apr
62%
413
.
14%
.
v 1
Nov
7% Mar
909
/
10%
2V4
-
*
>60
Jan
9% Mar
2,100
9%
16
Feb
-42%
280
11%
2%
„
14%
125
,
5%
..
.72% .73%
6%; 6%
6%
.***1
11
■
•
1
common--
GOebeLBrewIng^-^l^-^AA-M.*.
Valley
;
14%. 14%
—
-
-1
60
Oil
Clay
123
Jan
Oil, Mng & Dev Co
Corporation, Ltd
Pacific
Jan
16% Aug
26% Jan
71
Diablo
Oceanic
Nov
94
100
10%
Co
Petroleum
120
213
37%
Mar
163
—
Pacific
'
Detroit
Mt
Oct
38% Nov
77
130
—
Pictures
Jan
70
al28%al34V8
10
Co—
Investment
Monogram
Nov
Nov
30%
;
4,588
com
————
Petroleum
Nov
6%
33
86
common
Co
Jan
26
,4.
*
Co
Co—
Merchants
Nordon
28%
25%
Co*-_*-i.--**-*-.l '
Manufacturing
Occidental
129% 129%
-10
14
888
Nov
15%
Jan
1 % May
1,600
V
4%
July
10%
330
2%
2%
17%.. 17%
ig Burroughs Adding Machine-
2
475,
15%
15%
1
4%
>100
120
37%
1
common
Co
Oil
Mascot
High
Lew
Mcnasco
Electric
Inc
Angeles
Feb
Jan
Nov
7%
Jan
1.75
Feb
Nov
43/a
31
common
Lockheed Aircraft Corp
for Week
of Prices
"A"
Car
Petroleum
Lincoln
8al*e
Last
134%
50%
80c
.
.
24%
A
Hupp Motor Car Corp
Xntercoast Petroleum Corp
Oil
a
1
& Co~
Jade
21
38%
Radio—*—.!
Rubber
Foods
3
22,760
403
Nov
,_4
Tire &
Hunt
1,316
6%
38%
120
Jan
Apr
1% Mar
24%
i:&*i
—^**—*——.*2
Development
50 Va
Jan
34%
25c
1,145
Oct
5%
86
A
McBean
Hudson
100
700
«
High
11%
50c
&
Corp
Low
5% Apr
3% Aug
17% Jan
50
*
class
Television
Range Slnee Jannary 1
a30% a30%
1
(new)
Ltd
Motors
Hancock
•
Oct
TRinity 4121
10
*33
31
Corp
General
Holly
Sale Price
—
7%
5%
100
Inc
Gladding
4
8%
Unlisted Issues
2,600
4%
7%
33
*
Goodyear
WHV*
—
/;
70c
7%
o
of America,
Aircraft Co
Garrett
Randolph 5530
Low
Nov
BROKERAGE
200
a35
4%
—
Fitzsimmons
v-
DETROIT
.
3%
4% Mar
Shares
52%
4%
•
com
Corporation
Parnsworth
Chicago Stock Exchange
1
Jan
•
Sales
for Week
4%
70c
70c
*
Electrical Products Corp
Building
Listed
11
4%
6
Co——
Industries
Exeter
Par
Oct
50
,
FACILITIES
52%
1
1
Corn
Preferred
4%
2
Packing
Douglas
Member*
Allen
Jan
Jan
1%
AND
Week's
Range
Inc common—*
Investment
Dresser
I
250
ll
Corp
Stores
Creameries
Watling, Lerchen & Co.
Friday
77/B
of Prices
50
—
Consolidated
Corp,
Jan
■
STOCKS-
21,915
a35
Consolidated Steel Corp
Telephone:
3%
Lout ' Jfioh
1
& Gay Furniture Co
Chrysler
Ford
2%
77/a
common
preferred
Berkey
Central
Detroit Stock Exchange
4%
37.
Oct
Angeles Slock Exchange
Co
Corp
Mar
20
t' 25
Stock Exchange
237
_l.„»^-^50c
Petroleum
California
York
Nov
1,831
Par
Byron
New
12
12
50
Bale Price
Mfg Corp,,
Oct
300
63%
25
Oct
10%
Last
Blue
62%
—1
(Un)
Door
15%
49
3%
STOCKS—
27
;
1
:
jf Youngstown Sheet & Tube- common..<
Apr
.
Friday
Sep
Barnhart-Morrow
Vlchek
9%
Street—LOS ANGELES
Nov
Jun
JJ
\*
100
■■
4
,.
Los
Oct
1,037
t
i
,
West 7th
210
Aireon
Standard
;>'.
12
y
.
20% Feb
106
24
49%
.
15
15
Nov
325
a26% a26%
Bros
50
common
7Oct
.
'
Richman
15
Oct
NOV
29
May
2*
-f-
31
20% Jan
100
19%
24
24.
;
Nov
Nov
0
600
19%
7%
Nov
4%
200
?
a29%2a30%
—
;
6%
Jan
Member Los Angeles Stock Exchange
Oct
23 %
10
28%
6%
—
:
Y Central RR
Ohio
common
-
12%
5%
Jun
360
a30% a30%
Acme
National .Tile
5% Mar
660
46% Nov
-
U
1 National
200
.■
FAIRMAN & CO.
Oct
42
8% Mar
300
'
13
6%
12%
: 7%
7v4
COMPLETE INVESTMENT
Oct
1,910
40
13
13
Jan
Jan
'
| f Metropolitan "Paving Brick'comj—
Jan
3%
May
60
Jan
27%
14%
,
2%
747
Nov
55
.
i.-110%
Jan
110
240
14%
13%
40
Cement
Portland
2,445
6%
Direct Private Wire to Alien &
Co., New York
Jan
28
Jan
106
12%
a43% a45%
14%
5% Nov
5%
Oct
Feb
45
•56%
Jan
50
312
,a
42
a
40%
*
Laughlin
&
42
Nov
,
Oct
14
59
all%
__
—*
6V4
900
Jan
Oct
48
-53
108
Jun
Nov
Apr
6%
"
Sep
30
59
*
(Un)—
Steamship
&
common
14
12%
12%
11%
".ll
I 1
•
U.JX
Feb
5%
'
~7%
Jan
7%
5
27%
53
3
Low
5%
12%,
1
50
Radiator
Preferred
7
12%
1,540
6
Distributors.
Specialties
-
Interlake
Inter lake
Medusa
f]
8
>
Shirt
Warner Aircraft
3
t
107
107
*
*
5%
>420
6%
1
13%
;
Nov
152
50
*27%
27%
—50
pfd_
Industrial Rayon
■}■$" Lamson
'
U
Nov
x'
"
24 Va
35
r
Nov
-
26 %
U
68%
24
101
58
>
a61%a62Va
**'
24
Jan
18% Jan
5Va Apr
270
27%
68Va
**
25%
Jan
80%
500
a48 %
a48
20%
2,944
7
-v
50
,
4%%
A)
26 %
—1
common
Range Since January 1
High
i
'
common
Preferred
Hanna. (M
7
a48V4
*
*
100
com
Gray
W
•
*
0
(Un)_.
Goodyear Tire & Rubber
Drug Stores——
••
-
101
25
26%
——*
2
*—
100
101
*
Corp common.i..........—.****5
Detroit & Cleveland Navigation
*_5
General
65
248
a23% a24Va
City Ice & Fuel
12%
Brewing
United
cults
B
Udylite Co
;-5%"-JaB7*V#Vi .8 %-Nov >
50
Tube
Nov
8%
13%
hi?-
truth
tote
Hioh
_50c
Mfg
Range Blnoo Jannary 1
Shares
13%
10
Manufacturing
Simplicity Pattern common
for Week
Low
——1
Sheller
for Week
Share*
of Prieei.
Per v
Akron Brass
Par
Sales
Range
Bale Price
Range
of Prices
Sale Price
Scotten-Dillon
Sales
Week's
Friday
STOCKS—
2%
Jan
27
May
Nov
Nov
Western
Air
1
Inc
Lines,
55
Mining Stocks—
Alaska
Black
Calumet
Cardinal
Cons
Gold
Juneau
Mammoth
Gold
Mines
Gold
Chollar
G
Mng
10
Co—*
9%
Mng Co— —10c
.—10c
Co
15c
Cons
9%
lie
15c
Sep
17c
Jan
2.00
May
10c
15c
8,000
8c
17c
39,450
2c
2.00
.
■'
1.90
2.00
3c
8c
9c
14c
14C
+•'}
•
Nov
Nov
2c
May
8C
Nov
6c
25,600
i-
May
Mar
14c
Nov
■
Stocks—
Amer Rad & Stan San Corp
Smelting &
American
1.00
247,000
:
Amer
9% Nov
Jan
July
17c
•
Jan
7c
lc
7%c
Imperial Development C6 Ltd—. .—25c
—250
Zenda Gold Mining Co,.—
Unlisted
6%
2,205
Oct
/ 5t.lW>
16c
10c
15c
tCo
S Mining Co. .**—1/
Mng
&
''77%
30
Refining Co-
,
.
a
•
Tel & Tel Co,*—— —100
al6% al7
*
a59%
al94Va
a
59%
al90%al94%
<
280
65
622
12
Jan
42%
Jan
161
Feb
18
Oct
50% Jun
196
Nov
Monday, November 19, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
OTHER STOCK EXCHANGES
RANGE
;
Friday
Range
Corp—r—:
Viscose
American
■
,'
Coprxr Mining Co
anaconda
A T
5
3
8%
.—13
30%
Corporation
Works vtc—
Baldwin Locomotive
i
Barnsdall
«'
Bendix
Oil
Co.
Aviation
.5
.
—
i'\ Cities
Co
Tractor
Caterpillar
25
—
•
■'■is'
•
Aircraft
Vultee
Cons
«'
Continental Oil
Corp——.:
(Del;.
Co
3%
—
_1
Corp—.
Electric Power & Light
1
1
;
■
Interlake
Iron
48%
a51%
•
a61%
——...
•
X
Canada..
Int'l Nickel Co of
j.
X I
New
Xi
North American
i
'
•
31
/
Oil
Seaboard
i
X Southern
Railway
25
Standard
Brands,
Standard
Oil
&
Stone
i
Studebaker
a29 %f
♦
•
17
,___1
*
X
Texas.
Co
-
25
a58%
a58% a59
a50%
a50V2 a50%
Gulf Sulphur Co——
Texas
...10
Tide Water Assoc Oil
t
Union
;
Union
Pacific Railroad Co—
•
Carbide & Carbon Corp—.
Lines
Air
United
:
United
Aircraft
United
Corporation
U
-
;
S
Union
Tel
.
•—»
A
258
,
35%
—1
a21 V'8
X
a2iyea2iy8
10
a50y«
a49y8a50%
Inc
Motors
(P W >
v
35%
tX
43%
24%
24%
'
7%-
common
-•
Invest
—
1
Mining.
Tonopah
Transit
Corp
Corp
common
3%
•
United
-'4%
•
preferred
United Gas ImprovementInc
4%
>
50
21%
Last
-
533
25
135
I
•I
Columbia
Clark
American Stores
i
Fort
Tel A Tel
;1 American
Autocar
00
Company
193%
-5c
common—
Baldwin Locomotive Works v
t C—
common-
.—
.13
Glass
9'/8
9y8
1
0
7%
109
Securities
Bankers
Corp
Preferred
(E
-50
Corp
81
80
Mfg Co common
4 Pittsburgh Screw & Bolt Corp
Low
x
V
United
common
vtc
•
Steel
i
Vanadium
i
Westinghouse Air Brake
Westinghouse Electric Corp
Alloys
I
17%
Jan
X,X
X
-5
Chrysler Corp
Pub
Electric
Co
&
157 Va
Jan
New
Storage
Light
16%
Jan
57
Apr
95
57%
Jan
82
Battery
-•
York
Stock
York
General
Motor*-—
•:
10%
Jan.
334
92%
Jan
9%
Jan
16%
Jan
43 % Aug
' ...''
•
.
Exchange
Exchange
s
53%
2,112
137
1,189
Lehigh Coal & Navigation
Val'ey RR
Power & Light
-•
14%
14%
15%
50
>12%
11%
12%
12%
13%
Pennroad
8V4
8%
13,680
Pennsylvania RR
;
•
v
4.4%
Phila Elec Power 8%
>
Philco
45
50
—.
-•
29
00
.ia.
pfd
42%
Corp
;
—
25
V
32
-3. V i
45
Jan
Jan
21
Jan
>
37% x
X-
1,382
20% Nov
•
36%
37%1
•XX X";
'
Pot
Abitlbi
6fr
Power
&
116%
Oct
27% May
32% Mar
Sugar
Preferred
Acme
Gas
Oil
Agnew Surpass Shoe
Alax
Oil
Alberta
common.
'
"I!
common"
_1
&
&
Gas.—
Pacific
For
Consolidated!—"
Copper
Steel
footnotes
•--*
for Week
of Prices
../■•
Low
see
page
2428,
Monarch
FOR
—
19
19%
,103
V
-
30
—
11 %c
~~Vv;.X. 19
11c
.28
30
1.70
1.80
X-
Clay Prod com
Light common
Gas
Steel
X X 1,010
;
X.
.,
10c
12c
19
v
common—i—:
Piping
.
40
Inc,
Scruggs-V-B
X
-
Steel
Scullin
225
9% Jan
19% Oct
754
851
1%
.
610
35 y8
36%
227
241
63
Jan
34
6
Jan
27% Mar
3iy4 Aug
.
<
Nov
5% Nov
1% Jan
270
.
'
43
,
Nov
;
Nov
35% Oct
377a May
'
Phone
;
CEntral 7600
Bell Teletype SL 593
Week's
com
common.
ENDING
16
NOVEMBER
Anglo
Ltd
17
Aug
Sep
7%C Jan
common
Canada
pfd
Canadian Oil
Anglo Huronian
Ansley Gold Mines
Feb
Feb
9c
July •
Feb
X
Nov
,19% Oct
'103
Nov
> ; 14%c Aug
:
,
Mar
12c
14%
High
5% Nov
77
.
125
v
of
X
Nov
30
235
May
19c
X
Mar
Jan
20c
.19
;
Nov
Aquarius
Area
Porcupine
Gold-
Mines
Gold
Arjon
Mines
Armistice Gold
Arntfield
Mining
Ashley Gold
Astoria Quebec Mines
Athona
Atlas
«.
Mines
Yellowknife
Aubelle Mines
for Week
Shares
14
:Xi4
.
325
20
X
9
33
f
20
20
21
35
34%
35
150
22
22
25
23
23
114
15
125
65%
__
Mines—
Ltd
Aumaque Gold Mines
65%
43
__
44
44
44
53%
44%
'
5%
"
5
22
__
...4
17%
.32%
30
17%
250
32%
96%
8.33
100
Nov
.
96%
,
17%
,
.
*
.<
48^
'
.
52l/2
50
141
11% Jan
27% Feb
16
20%
17%
52 V2
1
.5
16
100
lOVi
20%
22%
20%
46
.
23
48
j
.
23 i. Oct
Apr
50
119
747
-
Jan
.11% Jan
13
Jfan
35
Jan
Nov
65% Nov
45
Oct
45% Oct
5% Nov
12
Oct
23
;
355
5
175 -
22 X 22
32%
33
__
*
Nov
Nov
11% Jan
9% Jan
4% May
17% Jan
X 20
Mar
X 27% Jan X
20
Aug ;
73
Jan
100
175
50*
24%
24
24
225
u
7
7
__
*
22
17
__
21
14% Jan
47% Jan
23
Jan
39% Feb
3% July
8
Feb
XX.; 25
X 10 %
.
Oct
Nov
Nov
Mar
35
16
260
\
5%
10
X
14%
7%
65%
10
34%
Jan
13%
56
~
High
" '
22% Jun
273
21
—
Range Since January 4
Low
,
65%
9
5
10 '
100
'
7% Jan
4
Jan
45
Jan
8
July
22% Jan
250
-
7%
33
__
,
-
Hiah
7
common——.—
MARKETS
LISTED
Bale*
Range
-
.—.5
Sterling Aluminum common,—i
Stix,- Baer Ae Fuller common^;^ .10
Wagner Electric common
_15^
Aluminum
<
X'
Mar
19%
1,300
X. 9,000
& Supply com
Candy common
Louis Car preferred—.
Aluminium
99
9,500
16%c-.,17c X.',: .6,837
18%
44
10
x
2
Oct
10% Nov
,40c
Nov
'
43
65%
1
20
common
Blanke
National
St
WEEK
\C:X/X:;:Xg'X
2% Mar
2,215
103 '.
10c
common
,
Low
76
He
—1/\17c
—*
X"
74%
Jan
Feb
Jan
of Prices
'
•
common..
!3/St Louis Pub Serv class A
Jun
Range Since January 1
1,390'
<^SVt
.19% SX
-
High
5
75%
—"
—*
:
40% .Oct
.
common..
STOCKS
Shares
■100
—i
Aldermac
Algpma
Range
Nov
90c
9
5c
>
7%
common——,
Shoe
»
Last
;
100
Co
Meyer
32% Sep
X
Brew
Midwest
29% Nov
122
eommoh
Exchange
Canadian Funds
Friday X. X. > Week's'XX. SalesXX XX 'vX
1
Paper common.
preferred
Acadia-Atlantic
-.
.JX 9% Nov
X;.',
10
Key
'
380
Sale Price
•vX
22V* Oct
156y4 Oct
X 900.....
...
14
1
Nov
RANGE
XXX;
Nov
6% Nov
Jan
6
Low
1
3
Johansen
Nov
CANADIAN
Toronto Slock
Jun
5Vi
27;
45
—.1-*
common
X Laclede-Christy
Nov
29%
37% Mar
Brewing
Pepper
Knapp
Nov
45
2,666
170
3,129
118% 118%
34
' 32
32%'767
-
12%
Jan
Jan
Jan
Jan
.50
*
*
common
Electric Co—
Bottling common
Laclede
49%
48%
29%
9% Feb
1% Jan
.
Last
•
13% Nov.
87/a
common
International Shoe common
Jun
17%
32%
Dr
16 % Jun
;
common
Equipment
Shee
Laclede
7%. Jan^ X
5V4 Jan
29%
28%
Nov
Unlisted Securities
Sale Price
Coca-Cola
Nov
6%. Jan
-:
46%
29%
Nov
15% Nov
6Va Jan
'--365
19
5%
./••.fXXX
XX;.
'
•
X
Nov
75%
28%
__
-•
preferred—.—:
✓
8%
60
Salt Manufacturing
Philadelphia Electric Co common
$1
preference common,,
Penna
•
12 %
;% 2,053
-1
Corp
—
134%
Jan
418
-•
62
1,956
Lehigh
National
;
-
284
74%
.
109
Associate
/
55 % Nov
53%
74%
24%
X
'
24% Oct
24% Nov
23%
,
100
• 21
1,232 .
2%
20
15%
X -100 —.118%
Chicago Board of Trade
Curb
Huttlg (S & D; common
Hyde Park Brewing common
-Hydraulic Pressed Brick pfd
22% Nov
586
Inv
Bldg
X Falstaff
Oct
18%
Jan
72%
53%
10
1
|
X
10%
24%
;X—
American
Columbia
Nov
152
22%
'ft
8
«
Feb
St. Louis Slock Exchange
196% Nov
22% Sep
.10
126?„ 134V8
134%
-•
common
Power
Delaware
Apr
10% Jan
10%
' .150
40c X 796,145
33V*
35%
ana
St. Louis Stock Exchange
Chicago Stock Exch.
27% Nov
50
22%
5%
93 :
v
§
^
ii | Established 1871
SOO^Ndrth 4th St., St. Louis 2# Missouri
".X- Members /
v
Century
80
20%
725
20
'
31% Oct
80
Nov
22%
Nov
,
Jan
Edward D. Jones & Co.
X Brown
938
X
.
1,154
2,978
■
42
—
Listed
;
5'/2
33 ft
Nov
11
4»/8
85
1%
18%
5y2
—
•
com—12%
St. Louis
New
>
>
v.
9%
10%
—
Nov
12
10% Jun
63
.
; 15c
20c
19
5%
High
38% Oct
20>
Jan
7>/2 May
21%
154
1%
—
1
1
1
Glass
States
Common
|
1V«
1
.
13
25
_6y4
9J/8
63
.
Low
28 ft Jan
..
29% Oct
12
154
9%
——•
—1
Bros.
&
Reymer
i
\
.9Va
5%
21%
„
63
•">;
18'/4 Jan
5%
27 *
—
1
X San Toy Mining
Standard Steel Springs
X
436
18
24% Nov
23% Nov
248
,11%
5'/4
27
—
*
| Renner Co
\
X High
24% Aug
17%
Jan
Oct
29ft
15%
27
preferred—100
Pittsburg Steel Foundry
Range Since January 1
245
17%
Budd Wheel Co
Curtis
v
Jun
9% Feb
.15'/4
11%
5%
10
—*
1
25
Radiator™
V Pittsburgh
Brewing com
?.
Pittsburgh Forgings
I Pittsburgh
Plate Glass
Nov
82
82
X
50
—
G)
3%
s
650
920
1
•
7%
7%
109
109
—
10
*
Supply
National
».
'
Budd
Nov
■
.
25
29%
pfd
Aug ^
30%
28%
' Oc«,
2
Range Since January 1
175
—10
Fireproofing
National
X
19%
29>/2
Par
,
190s/8 194%
20% 20%
;r
X. X
" Nov
52
3
Bales
12
11
au
Fuel
Mountain
:|;
Bank
Shares
30%
13%
18%
-
Shares
38Va
11%
f Lone Star Gas
for Week
27%
'
;'i:
iar Week
High
10%
Brewing
Pitt
Jeannette
X
38 Va
5
Steel
Follansbee
Bale*
High
26%
26%
-
1% Jan *£,%• 5 '
Nov
—38% Jan Ap
50% Nov
195
-
19
'
—
Brewing
i
19y8
__
Gas Sc Electric common
Duquesne
38 y8
*
•
Candy
L)
(D
Low
•
•
Co
24
NOV
>149% Jun
31% July
37% May
17% Apr
25V* July
41
Jan>
.: ' 49
Nov
-
Range
Low
Aug / '
A
1,148
41
of Prices
Pur
Blaw-Knox
>
68%. Oct,
82
NOV
Week's
X Sale Trice
Steel
Ludlum
Allegheny
\
13% Apr
of Prices
Sale Price
;
23%
Friday
, .
Oct
Philadelphia Stock Exchange
ar
;
24%
23%
Friday
STOCKS—
50%
/"•"».Range,
J
..y ■
BTOCK8—
'
Week'*
42
Pittsburgh Slock Exchange
>
STOCKS—
Friday
X''61% Nov
f 73
Nov
Feb
57% Jan
£
" 5,970
.5
22%
-wlO
42%
- -
40
',
23%
—13%
—
52
May
27% May
10% Jan
,
3
1,225 ---1- Jan
A2A p'
124 •
; % Apr
3% XX 2,464
? 1% Jan
3
50
-i
S3
Westmoreland
114
1%
45
6% Aug
218
v
2%
A High ■
'' 29% Mar
Jan
•:
>
25
Preferred
15%
150
60%
XX:
XX
Jan
73
51%
*
3
—X
,J*.25
com.
36%
25
v
7%
v
19% Jan
65
69%
73
..
265
'P
58%
—
•
*
' 44% Jaa
i«7
35%
.12%
Willys-Overland
Oct
Nov
Nov
5
58% May
59% Jan
365
830
26%
42%
•
Paper
Tacony-Palmyra Bridge—
Class A participating—
XXppXXX Low.
Hiah
24%
-7%
OH
Sun
32'/4 Jan
1% Jan
170
Westinghouse-Eiec & Mfg Co
Woolworth Comoanv
27V4 Sep
3,360
Low
^
—1
Corp
40ft Aug /
33% Feb
5
*78%a8iy9
23
24
*51%.a52%
*81
r,:.B
Inc
Co
68
20%
16%
28%
26%
39%
17%
57%
35^'s
41%
68%
21%
30%
34%
Oct
Oct
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Mar
68
4%
4%
—
*
Pictures
Bros
M
.L-10
•
Jan
75
a30% a31%
v.-
»
("Del.)
Corp—
Steel
Warner
Western
5
Corp
Co
Rubber
»US
-
!54
—
ilO.
93
;
Nov >
Oct
Nov 1
Nov ;
Oct'.
Mar J
Nov . ,
Octr
Oct
,
NOV
AprX,
Nov .. .
Jun
Oct
Nov
Jan
Oct
Jun
8%
43
43%
36%
64
49% Jan a
59
39% Mar
j, 51%
17% ^an
22Va
84y4 Apr
,
98 '
117% Jan
X, 127 ;
-
25
722
X
X al47% al50 X
^*51%; a52
—100
Inc
X
a99%
57%
11%
18%
31V4
-
-19
•'
22y2
a97% a99%
22
—
-
130
-155
96
a38% a38%
25
■■
a38%
19%
25 V4
36%
13%
34%
29%
35V4
-
160
35
88
262
' 21%
—•
Co
&
250
; 50
1,411
1,357
57%
a43% a45%
*
Swift
800
X Xa42%a43%
t- 68Mt 68%
21%X21%:
'k.
;28V2 28y2
v
28
39
205
240
.57%
a43%
—25
-
38%
16%
~
57%
t
—
i—;—
37%
16%
...15
-
.
a29 '/< a29%
.
37%
>
—
Corp
X
a27%X a26% a27%
;_L
Inc.-
Webster,
20% Feb XX
53a Jan
.28% Mar
33% Jan
26
Mar
48% Mar
17% Jan
v 10% Jan
85
252
'
f
-X';
a22% a22%
15%X16%
16
•
] Standard Oil Co (N J)
16% Aug-
T
* 140
2,134
'
a45
62% : 62%
jo
Inc..
74
Nov
32 Vs Jun
14
July v;-
,
a37% a37%
„
I a22%
m
(IndU
Co
i
•
%
•
X
a43
a45
50
Co
8%
Oil
i
Nov
39
22
Jan
9% Jan
a43% a43%
1
Del—
of
Co
8%v
—
Dome
Scott
".i!
.
1,635
210
al9% al9%
:
8%
J''!-
X 418
y
13%
13%
13%
vA v
.
Motors
Range 8ince January 1
-
...
>
;XX: pX /yTV-
Shares
28
39
Nov
48% Jan
136
74
29%
•
X Sears Roebuck & Co (new;
•; Socony-Vacuum Oil Co
.
74
•
XPullman Inc:-X./.y......
.
a38%v'?
a38%
30%
1
•:'*! Pure OIL Co ——
Radio Corp of America
Republic Steel Corp
180
74
•
Pictures, Inc
Pennsylvania Railroad Co
5 Phelps Dodge Corp
1,135
31%
31%
•
250
295
X'
12%
12
:
•
[ Paramount
'•*:
■
X
—
.__18
Aviation Inc
274
a36% a36%
•
Car Co—
Motor
Packard
100
27%X28%
Ohio Oil Company
l
12%
a45%a46%
7
RE
Central
Vork
1
a
28%
__
McKesson & Robbins, Inc..
Montgomery Ward & Co, Inc
1,445
205
10
a46%
•
';Loew's< Inc
?
al2%
f
a36%
*
|; International Tel & Tel Corp—
j Kennecott Copper Corp
; Llbby. McNeill Sc Llbby
55
28
v
a60'/«a62
12%
a
Corp
i: 9%
,10
1
''
454
48%
48%
\(.r,
Nov
Jan AX''" 10% Nov
1
Mar
32
Oct y.
Feb
v 4% Nov
18 ' Jan
25% Oct -,
9
Jan
16
Oct
i
32
Sep
36
Oct
5% Jan «•/::/ 8% Oct
19% Jan
29% Oct- ?
4% Jan "
16% Oct
,
38% Jan
48% Oct / :
40% Mar
45% Sep
54% Jan
65
Aug
|
5% Jan
12% Aug f ;
50% Jan
59% Oct
y
9% Jan
,12% Oct
30
Jan
37% Oct 18% Jan
31
May X
35% Mar
45% Nov
^
7% Jan
12% Nov
25% July
31% Nov
Vr,972 r
X 20
/
10
a51% a54%
a68% a69%
Reo
Salt
-
X;XX;
.
fur Week
26%
50
'
Range
of Prices
•
X
Sales X'XX-.
Week's
>
East /■■■':■[■%
Sale Price
~~50
common——
preferred
2nd
,
%!;•':
Feb'
Co
Reading
y
■ '
6% Jan *£?'• 14% Nov X>
77% Jaa
; 08 X Apr •
5% Jan
9% Jun ..
25
Aug
30%. Oct
17% Jan XX 24% Feb A*
48% July
49% Aug -v ;.
68% Jan
94% Oct;/-:
17% Jan ■
' 27% Oct '
34% Jan
'
38% Jun
10% Jan
XX 19% Jun
.
39% Jan
:v ,,43¥2 Nov '
48% Jan
68% Oct
350
145
v
*18% *18%
*18%
•
•
•
) General Electric Co^...—......
;' General Foods Corp—-?—..
f Goodrich
fB F; Co
i' Graham-Paige Motors Corp.~.»..
i Great Northern Ry Co pfd
.
,
—
High
20%
'
4%
29%
/ {}■
20,024
50
1
15%
8
7 A 8%
a27% a27%
8%
.
'
a40% a41%
a41%
1
]j
15%
„
5
—.
10%
'X/3 > X 4%
-' a24%a24%
f ,,'';
50% Jun
39% Nov
'
"
295
910
116
a33%a34%
—
1
:•.•••'
'
'
28
x
10%
10%
-
1.
„
X ChirttssrWrlght Corp
X
'•••"
•
Continental Motors Corp
28
__
25
Edison Company
Commonwealth & Southern Corp.
Commonwealth
■':
__
10
Electric Corp..
X Columbia Gas <fc
I
16%
43
;
Co
Service
—
—
25
Co—
Case < J 11
•
5
—
1
_
15
Pacific Railway Co—
Canadian
:
a60%
_♦
Co
Borden
i1;
—
5
Corp—
•; Bethlehem Steel Corp
X V Boeing Airplane Co
.
*108%
.m„iw
Co
F Rv
& 8
Aviation
'
•
git
(111)
& Co
Armour
>
a63
a63
110
a39% a41%
-- 304
'
14 X 14%
505
*100
108%'" c*
595
8%
8%
2,100
30% 30%
255
22% 22%
v:
245 AX
a60% a60%
,
55
a94% a95%
90 26%
26% XX:
140 Xa44 % a44%
25 XX
15%
16%
1,435
43
43
100
'
a70% a70%
28
*63
/. a41%
X' 14
Friday
pX;?XX >
V Par
Low
50% Jun
29% Jan
Hiah
Low
;
i.14
-
of Prices
Sale Price
Per
>-
Sale* A'\ A-X
PXXXX
for Week
\
Shares
Range since January 1
Week's
Last
;
16
NOVEMBER
ENDING
WEEK
FOR
22 v. Nov
18% Sep
Nov
24% Nov
22
Nov
36
Jun
34% Oct
96% Nov
X; 7
0. 17% Nov
52% Nov
16
' Nov
20% Oct
23 >-' Oct
48 #Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439 :
.Volume 162
CANADIAN
/
'
RANGE
FOR
MARKETS
LISTED
WEEK
ENDING
2425
NOVEMBER
16
Friday
'
*' STOCKS—
■'
Week's
■Last
-m''■
v
.
Par
Canadian Listed and Unlisted Securities
Distillers
Seagrams
Preferred
Dome
:
Mines
Dominion
100
—-
TORONTO
THE
STOCK
Dominion
Steel
Dominion
STREET, TORONTO I, CANADA
293 BAY
Scottish
Dominion
EXCHANGE
'
Week'a
•
3%
14%
19%
22
18%
18'%
19
395
11%
13
•;1,660
1.34
1.56
1.25
1.60
53c
64c
37c
39c
Range
of Prices
-
STOCKS—
Sale Price
c
Shares
Loto
For
East
:
—1
\.ti 1.51
.
Low
■
Geld
Aunor
•
Bagamac
-
Mines
Mines;..1
.
Consolidated
Baukfield
.oank
of
of
Mines-:
15c
f
bear
I Beattie Gold Mines Ltd
~
1
-
Bros class A_
oell Telepnone of Canada
Bcatty
Berens River Mines
Bertram
fBiltmore
Hats
Ribbon
biue
Mine
ouojo
Gold
Brantford
1.90 May
Feb
40% July
14
53
110
74c
42c
57,012
30c
Anr
14
12%
12%
s
rJ 53
American
Oil.
50
42,800
31c
35c
41c
46c
17%
13%
24
24%
*
13
24%
34%
25%
B
British
Nov
12c
Jan
32c
Mar
15'Ac Jan
"
45a
Apr
26
Gold
Jan
8%
Jan
Feb
28% Aug
8%
Feb
.13
NOV
25% Jun
/
'
25
Products
&
Class
2,725
33c
59c
1.60
1.60
1.90
5.90
5.75
5.90
•
40c1
44 c
*
2%
;
7,200
Steel
A—
•
-
12 Va
890
10'A
Jan
13
'A Sep
Vn
20
415
17%
Jan.
24
Feo
12%
100
2.15
2.25
48C
700 "
18% Jan
1,500
*
"10
21.640
""
37c a 48c
Red
Lake—
1.95
fc—7.—1
1.85
Canada Bread
10c
Jan
2.35
20'Ac Aug
3,400
5%
Vv. 25
5
72
100
63
%
48c
Nov
NOV
2.40 Aug
6% Mar
1.70 Sep
„
Aug
Apr
15% Jan
Oct
1.70
65,270
1.95
5%.
24
3'Ac Jan
*
Campbell
Sep
Jan
May
5c
2.23
Calmont Oils
6.50
65c
.
:12%
12%
ii.
1
Calgary & Edmonton
2.45
«
Jun
8'Ac Jan
24"
19
+
Feb
11%
12%
:
L
Jan
78c
5c
0
class
73'Ac
Jan
5.00
67,500
4% Nov
Sep i
Sep
Sep.
95c
700
45c
Jun
23
23'A
♦
•
Co
37% Aug
27
24,675
1
Z
B
Apr
Sep
111,710
67C
,13% Nov
20%
4%
63c
•18
;
23'A Aug
'90
735
•
'•'■■
51c
65c
%^
14'A
3%
Muies—
Bunker Hill
Burns
Sep
Nov
22'A
1
Burlington
Jun
67c
45c
•
Building
67c
Oct
4'A
Buffalo Ankerite Gold Mines
Canadian
Oct
36c
48c
1
duiiHio
•
30c
«
Oil
Oct
32
•
———
Dominion
Broulan Porcupine Mines, Ltd
Buffadlson Gold Mines
12%
Jan
1
4; ■/ Class
Jan
26
2,015 '
34%
25%
14% Nov
310
24%
34%
May
175
13
24%
*
class A.
55c
5,975
13%
% 2.80
2.51
.Oct
Oil
4.25
Eastern-
———25
Investors...
1
? 1.58
;
Foundation
5
14c
11c'
57/a
29%
Gatineau
Power
92c
.13%
common:
57« preferred
>
100
5%% preferred.——100
>
Mfg pfd!
General Products
Steel
General
Wares
4'%'k
102
101'A
14
13%
:__100
332
130
«
53
53
preferred
100
Canada Cement common
*
Preferred
Canada
—
Malting—
Canada
Northern
Canada
Packers
;'y r Class
Power
class
B
*
Permanent
Mortgage
Steamship
common
Canada
Goldcrest
55c
29c
lie
95c
1
1
29c
1.65
10c
87c
21c
—
Mining-
Gate
7c
Goodfish Mining —j
—
—~1
Goodyear; Tire ?
^Rubber common—*
Preferred
Vto
preferred
Common
-.10%
—1-—-
—
107/e
35
-9%
35
preferred
-—-——-—* Great West Saddlery*
10
Greening Wire ,-——1-—^--—-Gunnar Gold Mines -Ltd—-——1
-;.-45c
Gypsum Lime & Alabastine————*
13'%
Halcrow Swayze Mines
1
16c
Halliwell Gold Mines.—
———1 • 10%c
Hallnor Mines Ltd ...———1 •"
4.50
Hamilton Bridge —.—r*—
-*
8%
Hamilton Cotton
• —
■
—
:
•
class
A
635
118
Apr
18'A
Feb
132
48%; Apr
Nov
Oct
Nov
Harker Gold
Harricana
85
7%
Jan
12
Nov
32%
Jun
36'/*
Oct
425 r
18
12%
19
Nov
158%
Jan
180
Nov
11%
Jan
18%
Nov
39%
Jan
47
July
45
318
'
79%
80
35
70
Apr
82
Aug
25
210
Hinde
24'A
79%
23
Oct
28
Jun
HoJhnger Consolidated
*:unadian
Breweries
Canadian
Canners
1st
i'j
Car
&
Food
Class
Canadian
A
common
&
Castle
Wirebound
Gold
40
13%
14%
17%
18'A
15'A
12
13
35
36
35%
-
1.12
1.20
100% 100%
lf»A
18'A
24
28
„
23%
'
1——•
29
2.75
2.75
23%
1
35c
30c
35c
Chesterville Larder Lake Gold Mines—J
•
Mines
•
1.85
1.71
2.05
1.22
1.22
20
20
1
;
Chromium
Circle
1—1°
11111
Knitting—
Citralam Malartic Mines
Cocbenour
Willans
Gold
Mines—
12'Ac
%c
Coin
24,267
■c/>
'•
Jan
49c
62c
Mar
8
60c
5.00
14,575
Coniagas
May
Joliet
5.95
Sep
15% Nov
5
Apr
6
25C
1,000
23c
Jan
32c
7
200
-
12% May
Jan
84c
(Toronto)
1.92
1.76
1.95
15
15%
75%
74
146
145
1.19
9
"
1.16
1,300
20,155
76
•
Nov
Imperial Mills
146 is. W
1.20
May
49
Jan
Kirkland
,437
6,860
150
croinor Pershing Mines
Crow's
Nest Pass Coal
65c
•
——I-
1.50
_^100
Crowshore Patricia Gold
_9
235
68c
25,119
1.40
1.55
18,700
>■';
44
Lake
Lake
44v-
5-
?
&
Gold
Lake
of
Jan
Nov
Woods
Feb
iff?.
Preferred
La
Luz
Mines
Ltd
&
Petroleum "
Davis Leather
Class
Delnite
Denison
■}
For
B
class
A
27%
Oct
Sep
Laura
1.92 Mar
•
/•■44 '•"•
Nov'
92c
20,550
60c
Jun
1.12 July
1.90
250
60c
Apr
2.10
19c
29
29'A
12%
12%
12%
lllll
Mines
footnotes
16c
29
9
Z
see
1.65
1
7c
-
pagq
1.55
1.65
6c
9c
.
2428.
1
4,525
1,230
?
--
-
12'Ac
Jan
28'A
Sep
1.455
7
/
11%
20c
Jun
Aug
1,100
1.15
Jan
13,700
3%
Feb
Nov
V 31% July
13
Julv
2.00 May
.
13
Oct
19 Va
Nov
\
6%
11%
Apr
68c
Apr
5%c
Jan
20c
i
Oct
1.07 Aug
;
16c
Jan
43'%c
■!
Oct
l[
Oct
;.{
96c
Jan
20'A
Nov
\\
• j
\\
J!
10'A Jan
250
16'A
Nov
) i
4.65
Nov
i.
Oct
t\
Oct
18;
;
t: 42,545
72,000"
3.05
Nov
,70c
Apr
8c
2,500 "
1.70 Nov'
Jan
20c
;;
8,470
'
Apr
2.26
■
Jan
:\77c
23,500
Oct
65c
Mar
54 %c
198,525
14%c
:
Jan
Feb/
■
177Ac May
3%c Jan
27 %C
34c
Jan
30
7,000
''
_
Nov
38c
20
.
Oct
36
,
h
Oct
Nov
36
20
May
19% Apr
y
fA
1.09 Apr
54c
V
Jan
25c
85
;
Apr
2,520
-
50c
Mar
25c
465,500
475
Lebel
Leitch
secord
——1.,
Gold
Lexinden
35
si
Nov
:
;j
Mar
34c
C-:
^0
^
Gold
%
Jan
1.40
ADr
,i|
Jun
Feb
May
35
32'%
::
Nov
>
41
'
Oct
Jun
1.60
Sep
59c
;
•
--39,620
20c
10c
Jan
-28c
Oct
-}!
Apr
July
VH
J
Apr
|
60c
Jan
18c
12 %c May ,j
1.35 May
{
3c
Jan
55c
Jun
34c
Nov
] 8
Apr
29%
Jun
11'%
Jan
17
Nov
-
13,200
55
19,293
50c
279,560
59c
•
Jun
2.25 Aug
Mar
^
25
28%
6,635
Gold
5.70
8.20
,:\19 A
'
-
1
'
*
1
•
1
2°c
28%
28
1-45
.
^
510
19
Jc
Jc
1-67
2-30
•
,
.
23c
1.32
2 19
28 %
27 %
1.35
^
4 &&
jo
6c
0"5!
26c
1.70
2.45
29
4
:
Sep
;
23% July
.(
Oct
I
8.00
Jan
1.76
1.05 Mar
24'AC
Jun
17%
Jan
25
Jun
!
Api
,]
Nov
j
20
24%
Jan
35
Apr
150'A
Nov
152
Nov
5.70
Nov"
7.25
-3,264
6.15
Jan
9.15 Mav
25
15%
20 %
Jan
9c
Jan
22c
Apr
25c'
Jun
55c
Nov
20
Oct
10C
Apr
15% July
3c
15,000
1.15
20,200
:
16,300
47,875
530
340
1.50
24,800
13,867
-
Jan
1.52 Aug
Jan
48c
Jun
16c
Sep
43c
Sep
1.70
Nov
Jan
2.45
Nov
29%
Nov
1.23
28'A Mar
25
89c
3-^c
3.85
28
Mar
J»>n
Nov
Jan
*
Sep
2.09 Mar
80c
5.25
f
|
Oct
30,400
510
;]
Jun
322,400
13.200
40c
49c
Sep
100
575,300
;
Nov
950
"
'
28
b
2.15
j
Jan
2.35
12c
4,950:
.
152
9.00
:
>
2,200
6.00
17c 19 %c
18c
48c
,
62,900
r
;
:
:
14c
1,470
1.18
19c
Jan
'i
21%
152,600
23_a
*.50
23 /a
28%
1.00
j (
Nov
3,457
Arr
47c
;
13c
'
Jan
-5 'Ac
-
j
Nov
29c
Jan
3c
-
!
3.55 Aug
Jan
1.15
-
i
I}
.
24% Mar
Nov':
90c
65,200
}!
101% Aug
20%
4,050
1.15
17c
8.50
}
Goldfields
Yellowknife
Macassa
*
30,300
40c
^
23
/.00
24 %
28%
—"
Ltd
Class "B"'
Lvnx
}
Nov
Jan
800
V
j
Oct
1.05
v
Sep
22,300
42,524
%
15%
Apr
-31%
3,510
®c
J ]
Nov
100
10,081
2,500
Nov
Aug
Oct
22%
25
-
14
n
Jun
30
1,000
1,995
-
16%
71c
7,400 /
v
22%
62c
12%
45,200
■
.
Feb
140,850
6.60
1
Mines.
Lingman Lake Gold Mines
Lac Gold Mines Ltd
Loblaw Groceterias class A
Louvtcourt
12
100
55c
-
;
-
Candy-.
Mines
Oro
13%
1,960
j
Oct
-
Jan
18%
6,929
-
50c
29c
7c
18c
1
Lapaska Mines
75c
86C
18c
—^
!
Mines
'
100
'
.I—.—
Jan
Oct
15%
27,400
.
-
1.19
45c
,
23 A
7.25
!-12
Mines
80ns—.——
Lang
Lapa Cadillac
Nov
Sep
Feb
Jun
82,078
34 A
44c
24c
7®
I7
Lamaque Gold
9
55c
1.35
j
Oct
9
43,800
1.40
34c
.——
common-
—
Little Long
Davies
:
92c
1.30
.78c
1
Exploration
Mines—
23
3 8'A
Anr
4.50
—
Mines,
1.60 Mar
Jan
Jan
"
2,5
7c
1
Gold Mines
Fortune
Shore
149%
Jun
3%
15c
-
•
Apr
Feb
25,800
>>T;®0/ ^O0
3°c
1
—
Dufault Mines Ltd.
Lake
16
Aug
1.00
24c
6%
->,-""437",
40%
22 /4
14
J
Mines———i
--
Mining
LaDrador
Nov
Jun
1.75
91c
——1
Aircraft
27
64'Ac
142
Jan
3.10
14'A NOV
y
;
Apr
3c
;
ft 57,720
29c
39%
21 /4
4/c
29c
7c
/
(John)
Apr
76
-
Jan..
5c
1,100
100% 100%
——J
}™
}™
—ol
Townsite
J
39c
35c
2.09 Jun
Jan
14
27
.Uli-
1.45
.350
I
8%
y
30
Lake
Kirkiand
Labatt
__
Co
2.40 Nov
Jan
2,689
/
8%
■
——
Mining
1.33
,f
1,290
•
?
—100;
Conwest Exploration
Corrugated Box
2.35
15%
•
Smelting. 11—5
&
2.20
7%
6% Mar
1
Oct
Apr
512,116
30 32%
22
1-35
}
Mining
Kerr-Addison
25C
■
-
1-07
34 k
/a
100 A
39%
1
*
Quebec
Kirkland Hudson
43c
1,425
•
Mines
NOV
20,800
25
-
,88c
--
3 '
—*
Mines
J M Consolidated Gold
Apr
6
,2.30
1-
Bakeries
Cub
Jellicoe
75c
80c
25c
<
Mines____
Mining
Cournor
Jason
Oct
20
7
9
5
Consolidated
-Cosmos
Nov
Nov
Jan
15'A
Feb
54c
14%
'
13%
1
50c
t
Sep
6
Nov
j
(
,
Jan
^
15 A
34
-*
Jacola Mines———.—
Kelvinator
15
Mining
Mines——
Mines
Jacknile Gold
Jack Walte
Kayrand
75c
37
Nov
22'Ac
715-
36
>4
■
Consolidated
Consumers Gas
Nov
Uranium
1
Mountain
Jun
Jan
Nov
Nov
•
16
31,350
13%
Petroleum
International
Feb
6
1
Mines:
/Mnlaurum
Nov
Nov
1.50
2.94
12%
12'A
Jan
45c
14
1-18
'
100
preferred
4%%
International Nickel Co common
2.42
79c
9
National
Oct
Jun
Apr
14%
Apr
16,800"
22%
:;;
—1
Jun
25c
Nov
37
.
.
26% May
6»A Aug
i:
:
67,400
21%
A————*
1.15
75
62,200
15'A
—111
—
Conduits
& Devel
Coal & Cc-ke
Min
Inspiration
1.50
200
4.75
4.95
•
flo*;'
Lake
International
Apr
1.80 Oct
Mar
25c
1,000
-
J
—|
International Metals class
2.90
Nov
4
11%
Apr
13,350
^
Oct
Island
3.05
Nov
12%
71c
13%
ordinary_5
Jan
Internation
41
1,100
35c 39 %C
36c
1
Collingwood Terminal pfd
Commoil Ltd
1_^__L___.
Oct
29'A
'
Cocluhutt Plow
Nov
'
.
Bar
75
II®
21%
——10
—
Oil
28
Jan
17c
1,
100
f
34%
35
Sep
Mar
Jun
4%
40
45c
-*5 A
Bank
23% NOV
Jan
1.89 Jan
3,700
Research
imperial
15% Jan
20%
173,400
8
Chemical
21
Jan
45c
.
-
9
_
Imperial Tobacco of Canada
Imperial Varnish common
Indian Lake Gold Mines
101%
Jan
7
30 %C
Mines
Wines_
Sep
16
1.80
30c 38'Ac
Gold
Gai
—-—-—
Imoerial
12
Jan
1.00
45c
Chateau
,
11%
16,600
-
7
Centremaque
Oct
30%
34
Jun
57
Nov
Sep
1.35
Jan
29c
,
--
10c
111
Apr
1,445
^
42c
Nov
4
v'
-
20
16%
34%
29c
■,
—
Nov
Mar
500
r
1.70
3.05
B
Class
62c
36
•
——J /
Hugh Malartic Mines.—
Hunts Ltd class A—.
Nov
40
7,160
2.85
1.55
2.70
Mining & Smelting
Bay
20
100% Nov
45
1.70
Jun
Mines
CoC
70c
8
389
-
4
Nov
Nov
1.70
•
23c
'
>
300
2.90
14%
Nov
Hudson
—
15%
13
10%
,420
,
44c
32
Feb
70c
7,526
r
29'A
1
Porcupine Mines
16
35,875
<
10
18
11—1
Central
1.28
—i
Mines
165
•
—.——1
A or
1,340
^
;
Gold
:
11%
11'A
—
____c
Quartz
Patricia
-:
Rowey Gold
Oct
"•40
10'?- Sep
16'A Oct
6%
40c
Feb
58
Jan
495
1,840
41c
8^,c
16% Nov
O/.t
4,585
i4:™
19%
15%
4-30
16
8
r!
Oct
34%
19%'May
1,952
14%
He
,
125 "
2,248
Oct
88c
Vi
5
Jan
'
64c
58c
59c
1
Homestead Oil & Gas—1
Hosco Gold Mines—
.—.———1
Yellowknife
Homer
•Vr; r
]
<
;29c
.
/
Jan
4'%c
1.20
i
Oct
Mar
95c
.
90
Apr
53% Mar
26,225
78®
1.64
24
Sep
37
175
Oct
190
VK^'65'
May
14c
A
Jan -1
-*3c
;
Apr
Mar
35c
Jan \
81'%C
18,000
2.09
25%
Apr
45%
30
28
27%
Trethewey
195
,
39
Boxes___
Central
,
10
27%
550
15
25
Canadian Wallpaper ciass B
Cariboo
56'A
M
18
Rubber
Canadian
54'A
IIlOO
—
Ry
Tire
23% Aug
17% Feb
26%
11%
Canadian
23%
34%
#■
—
Pacific
15'?* Apr
33%
.
common
preferred—
1,095
-V 495
13%
*
A
com
•
Canadian
23%
16%
«
Malartic
227/b Nov
16'A
0
;
Oils
Jan
260
40
c
Locomotive
-Canadian
8
740
1—25
B
Canadian
10,580
25%
—
Alcohol
22%
23%
25'A
*
Industrial
197/a
22%
—
55%
—
!
Products
Jan
16%
•
common
14
*
34'A
III25
A
Class
22%
—
common—
Dredge
Canadian
v
Fdry
preferred
Canadian
Canadian
22
-1,070
-
23%
<>
——»_
New preferred —
Canacrtan
Celancse
$1.75
16%
1—20
preferred
Canadian
»•
•
common—
16%
23'A
common
preferred
Conv
16%
->^10
1.81
7P°
1-50
--
Gold Mines
July
9c
65,450
1.00
14c
38c
&; DauchJ.—
Oil
Jun
"
1°%
85c
12c
35c
?3c
————.1
Highwood Scarcee Oils—
—
*
1*
.10
J
Hediey Mascot
Heva Cadillac
65c
24c
V
:
Sep
vJ!6c
Mar
85c
•
Jan
19%
*'. 2.05
Hasaga Mines ————————1
Heath Gold Mines —
——*
Apr
7
26c
11%
36
14c
35 %c
■
—-—1
Mines—
491
22'A
Comme-ce
Gold
Sep
.':>• 4c
37
97c
1
.
180,
Home
Bank
Mines
Mines.———————.1
18% 4
44'A
3
Canadian
Gold
Rock
Sep
Apr. •
Jan
19c
20,500
11% ?
18%
,
Carpet..^--..-^—^10%
Harding
Hard
57
390
18
——
180
_i._°
B
9%
25
54
102
*
Jan
28c
3'Ac
31,300
173,000
10
10
^5% 15%
43c -,450
13% -14%
14 %c "-16c
6%c - 12c
4.50 4.50
8%
8%
.
Oct
11%
27c
y
278,020
11%
.
Oct
105'A
Jan
272,800
55%
17c
11%
>,
——.—-
A-
61,700
33,400
107
55
12c
.10%
11%
- 36
~—l®•
vtc. common——*
9c
24,350
.
<7c
105%
-55
17c
-1
Grand & Toy
Great :Lakes Paper
•.
* ' 6c
106
lV
u—J.—,
Bousquet
1.36
A
6.50 Mar
29,200
1.05 '
88C
11c
95c
29c
1.70
76c
Oct
21%
-
v
Feb
Oct
100
:
-j
Oct
108 %
-
19c
92c
82c
Golden Manitou Mines
Graham
"
97c
•-
a—--1
Mines————-—-—1
Goldhawk
Golden Arrow,
101%
"
—1
Eagle Mines—
Golden
24,007
22c
13% July
105
y
Mar
15 %c
51c
Feb
,
May
15
28c
—
Oct
Nov
9.25
May
'
20
9.20
20c
——1
97
102
655
8.70
" 17c
1
..w—1
Goldale Mine
32
10% Apr
;
15
"25
105% 105%
Ltd—v 52e
God's .Lake Mines
300
Jun
95%C
July
Sep
4.40
Feb
9.00
," 20c
:
52c
Apr
6% July
30
*
21% Feb
•
li 92
17 'Ac
Goldw-.v—-.—l
Gillies Lake-Porcupine
Glenora Gold
17%
_50
Wire
Class
601
s
132
"
Oct
12
18
18 %
"
Preferred
101
Aug
35%
100
7
50 v
,
14
78
11%
35%
*
Canada
102
'
Jan
35%
'
-
A
Canada
v
72
50
110
10.720
15
20
—
Mines.^..M.wrl
15c
Jan
99
20'A
20
.~w———100
Preferred w----—
Giant Yellowknife Gold
Gold
—*
Jan
Nov
90
3% May
24%
161,075
104
99
,
Class B
5'Ac
Oct
-7
6% Nov
Apr
2,195
3,925
13%
104
:
Sep
6.25 May
57
Jun
65
115,100
S
108% 108%"
—100,
common
13 %
—
"
Sep
111
,
July
3 j
379
79c 95 %c "
5.10
5.60
;
3.15
,
Oct
Nov
3.10
Jan
35;
-
4,225
29%
'
39%
1.67
Jan
4.30
180
297%
n
8
Nov
41
Jan
10
May
6.75 May
,
Jan \
16c
8,860
6%
28'A
.—.....——*
;
Apr
35%
_
Frobisher Exploration
3.05
Jan
11
Apr
21c
Sep
Mar
230,400
15c
57/a
*
Gold
Francoeur
2.40
Apr
90
29%!
Co—.-——...
8c
53c
5'%
79 %
*
:
Canada class A
Aug
Apr
485,650
51' "
•
Aircraft
",
6.00
5
Federal Kirkland
Nov
47c
•
5.10
50
90
100
-
of
2.15
,
.
65c
Oct
2.26
190
1014 : 10'A
5.75
51
Candy Shops——.^.1
Federal Grain common—;
Fanny - Fanner
Co
1.85
Jan
Nov
38c
3,015 :
1.67
,10%
-25
Equitable Life
Palconbrldge Nickel
Fleet
* 1.20
.
2.50 Mar
22c
32,125
'
Oct
Nov
13
Jan
53c
40,675
39%
Nov
Nov
19
Jan
"35c,
40,400
7
Oct
14'A
22
Jan
7%
6,500
-41'
39
;—iU-lA1.85
;
Preferred
:
Jan
13
Sep
Nov
3%
Mar
98c
102,700
13c
37
-39%
Gold
Eldona Gold Mines.
Ford
11c
Steel———r—' •':.40%'7•
Economic
■'*
345,400
4.85
Mines
7
Jun
30
21
Apr
14
154,200
2.90
4.35
Nov
3,500
18'/a
24%'
12c
1
1
Jun
54
12,000
25,300
41c
1.46
Jan
24,100
42c
•
-
—
Power
32
22c
.18%
^British Columbia Packers common—0
Columbia
50
40c
——
British
25
Oct
28% Nov
Aug
Mar
7%
53
,
20c
34c
t
/•
10
50:
40c
Brazilian Traction Light & Pwr com__*
Brewers & Distillers:
5
British
60
-
Oct
1.40
Oct
18
Nov
15
Jan
21,400
Feb
175
9.50 Mar
90c
-
90c
22c
J
•
i
,
2.35
Jan
161
28'A
32
_1
Cordage common
273
37c
..
14
1
Ltd-
175
s
83c
40c,
—1
.11.
1.22 Jun
4,600
28%
;v"
1,000
85C
Boycon Pershing Gold Mines
.
Oct
29%
————*
Ltd——t—Mines J
Mines,
1.23
100
140
_50
Bonville Gold Mines—
bralorne
29,215
14
12%
_i;
Preferred
Bonetal
181,300
39
172
——
Blue Top class B_^L•
•
1.83
*
common
20% NOV
1.40
39
1.10
i
——
24 %c Mar
14 v Jan
50
1.35
,
Jan
1.62
1
Kirkland Goia—
30
30% Jan
1.30
—-4-5/;.
Gold
Bidgooa
[f
Sons-———,-
&
Bevcourt
20 % Aug
Apr
27% May
12'Ac May
14.700
174%
•
16%
22'Ac Apr.
26% Mar
635 '
Nov
18c
1
1
——
lOV^icJun
400
-
100
—
62c
19%
1.36
•yBelleteire Quebec Mines
Jan
17c
/ 1.65
Crest
Sullivan
Elder
1,055
30
4.50 Nov
19%
*
———;
.19%
29 %
30
Jan
13c
-•""-
29
19%
;
3.60
895,615'
7,133 ;
19%
lie
*
1
A——;
Exploration & Radium.
class
Power
17c
-
Base Metals ——.——A.*: ^
^' Bathurst
\ 15c
I
:10
1
11,550
62c
29%
10
Scotia
Toronto-I—
of
■.
4.50
48c
10
Nova,
"Bank
4.00.
58c
1
Montreal
..Bank
4.4S"\
■
•
East
High
T
2%
'
East Malartic Mines
Range Since January 1
Hioh
Feb
500
Nov
16'%
Apr
14%
1,737
—12%
.
Mines
25
4,8U'7
22
common..'
Chemical
Tar
&
3%
13'/a
Mining Co_
1
1.52
Duvay Gold Mines
—,
1
54c
East Amphi Gold Mines—39c '
Bales
'
.
for Week
Last
v::
__
13V4
23 % July
Feb
11% May
629
■
Oct
31%
18
;!V Vy,55
21
Nov
25% July
525
14
29% "
20
Duquesne
Friday
755
-—•
*
Woollens common
Donalda
120
—2a
com__.
B
Dominion
V
7
89
Nov
21%
29
—
1
Stores
Inv
class
Dominion
Cable Address:—"Dohroadco" Toronto
7411
Branches:—KIRKLAND LAKE—TIMMINS
com
High
Feb
114'%
4,270
13%
—
Malting___——_—r——*
&
Low
42%
21
'
1,205
31%
21%
*
Foundries
Dominion
Range Since January 1
High
28'%
/
25
Steel
Dominion
MEMBERS
31%
10
Dominion Coal preferred
rlERTY ROADHOUSE & CO.
'
*
Ltd
Bank
Shares
r." 86
88
1.14% 115% v
88
.
for Week
.
of Prices ""
Low
•
common—
Sales
Range,,
Sale Price
Jun
Nov
'-j
...
;
THE COMMERCIAL &
2426
LISTED MARKETS
CANADIAN
gTOCKA— '
■
■
'
'P1 S trli j-C
Preferred""II"
'
TUT MSlftt
rrr «M
JM
XX
-
13 /4
—1
Preferred
!
•
16/a
Gas————*
Mining Corp
.—•
Modern Containers common.—
•
Monarch Knitting new pfd——
100
17c
&
Oil
Mld-Contmental
Porcupine
Moneta
—
*
687/a
Mosher Long Lac—*.1
National Grocers common—
•
15%
Corp
Moore
common
Preferred
32c
National Steel Car
National Trust Ai--—•
Nov
Apr
22%
Nov
United Fuel
1.39
Sep
Nov
United
Nov
United
17%
77c
1.70
41c
30c
.8%
109
May
Jan
1.35 Mar
69,455
44c
Jan
17
14c
122,500
10.910
9.20
20
85
May
15
1.10
20c
20,800
535
6,235
1.75
39,600
—
30c
Jan
15c
18c
105.000
43,593
Malartic
740
69
21%
22
630
20%
Oct
1.54
1.35
1.58
73,075
1.20
70c
70c
72c
16,600
19
21
285
26%
27
i.
*
York
Oct
Feb
2.65
57%
3.40
59
105
95c
18c
68c
25c
106
2.00
6%
1.10
21c
75c
24,200
80c
18,400
7c
July
Jan
13,570
64c
Feb
890
111,100
25c
Nov
33c
Mines-.———
21c
75c
28c
-•
1
•
-5
2.00
7%
O'Brien Gold Mines.
I
Okalta
•
•
1
Canada' Mines
Northern
Northern
North
Empire
Oil
Star
—
—
com
'^•-'•Preferred
Oils
O'Leary Malartlc Mines
Omega Gold Mines
—.——
Ontario Loan & Debenture
112
Pacific Oil
&
Gold
Credit
Gold
110
5
2.43
2.25
37c
2.46
43c
Gold
17
16
35c
Gold
50C
16,300
6,200
:
Maf
Jan
8c
74,833
2.46
47C
21c
Nov
64c
17c
Oct
25c
70c
75c
38c 47 %c
97,300
37c
Jan
88c
121,400
36c
7%
8
200
1.40
1.60
18,075
29,228
Oct
Oct
38c
53c
44c
48c
4.10
4.40
10.685
2.40 Jan
6.70
7.50
20.754
4.35 Jan
75c
50c
85c
55c
14,500
65c
Oct
10,800
25c
MaV
26%
27%
1,470
40*260
08o
20500
1.70
70c
81c
Jan
1.40
1.20
1.40
12
1.84
12%
2.70
Apr
13
—'
1.15
Jan
2.70
225
Jan-'
-
7
Dome
1
2.89
2.55
2.94
29,515
2.45
Jan
•
15
14
15
335
11%
Apr
15%
9%#
11
1,995
>;47
47%
640
1.20
95c
13%
1.26
1.04
14,400
45c
Jan
11,369
80c
July
15%
13,460
18c
Jan
15%
Oil
52c
40,000
35c
Aug
70c
34
•
14%
1
44c
Riverside
.-
1.25
•
Mills class A
Silk
Robertston
1.00
Mines—
Gold
Roxana
Oils
Co—
•
Russell Industries
36'Ac
40c
47,550
31c
Nov
66c
50c
66c
238,700
32,425
Ryanor
St
Mining
Lawrence
Nov
1.22
850
15
Jan
18%
375
18
Oct
Class
A
preferred
29c
27 %c
31c
10
9
10
37%
36
37%
76
f 76
100
1
6.50
5.90
6.95
21,212
1
Senator Rouyn, Ltd
1.52
1.34
1.64
496,810
Shawinigan
170
16%
Feb
1.70
1.06
Jan
1
75c
70c
common——f————
Mines
Silverwood Western Dairies
Simpsons Ltd A
new
new
Sep
1,116
12
July
30
Feb
15
25
200
9
May
9
May
13
99
/Kff/lOf
25
25%
•
23%
23
23%
1,070
1,990
100%
100
101
260
75c
87c
4gc
85c
t
(N)
20
Jan
90C
4,400
40c
Oct
64c
26
20
8%c
10,500
19%
375
Springer
Sturgeon
•
1.32
1.26
1.32
4,400
111/2
12'A
Standard
Chemical
Paving
•
common
»
Standard Radio
,
Starratt Olson Co
Steel
Co
of
Canada
Mines
18'A
77c
75 '
100
1,390
95c
54,100
78'A
78%
80
-
7%
7qc
2 25
1
•' /;
6%
-
78%
/
785
53/4
18
6%
;
,
•
common
51/4
26
Iron
Sturgeon River Gold...
80
2 25
Cons
Inlet
67
72
32c
32c
32c
3 00
2 95
3 20
7,400
50c
Mines
Consol
66c
64c
68c
76,800
1
3 65
3 35
3 65
'20
193%
20
8,075
080
1
Gold
8ylvanite Gold Mines
Tamblyn
(G)
;
•
common
f
V
660
Teck-Hughes Gold Mines
1
5 55
5 i0
5-70
Texas
5
1 25
1 25
125
2,420
*
61c
55c
65c
15,300
22
23
Canadian
Oil
Thompson-Lund Mark Gold Mines
Tip Top Tailors
*
Toburn
1
40
-
2.19
»
50
53
Toronto
Gold
Elevators
Preferred
Toronto
Mortgage
Towagmac Exploration
Traders
Class
,
A
^
Finance
class
B
preferred
For
6%
70c
2.00
20c
100
1
100
footnotes
see
22%
page
2428.
i;
360
1.95
2.25
12,200
•?*
*n
800
53
•
110
53
35
110
42c
..
2.50.
10%
3.50
1.25
110
28
5
44c
38c
29,916
50c
10
—
Cottons
Canadian
90c
28%
52
Nov
Canadian Ind
6
Oct
Class
19%
Nov
Oct
Canadian
Sep
100
24c
Apr
79%
80-
Oct
3.35
37c
y
Jan
4.05
Nov
69c
Jan
3.70
Apr
,
Locomotive
Cockshutt Plow
Nov
—.—i
—
Consumers
Crown
Jun
Glass
20
Apr
:
Cork
Class
& Seal
A—.
B
Nov
3%
19c
Sep
Apr
Dominion
Bridge
July
Dominion
Coal
preferred
Dairies
Dominion
Dominion Foundries & Steel—
Dominion Glass common
3.05
40
54%
110
48c
Apr
Dominion
Stores
Ltd——
Dominion Tar & Chemical
Dryden Paper —
Electrolux Corporation
17
Apr
30
Nov
Enamel & Heating
50
17
Feb
30
Nov
Famous
106% 106%
10
100
108
May
V,
:-y'':
99%
Sep
103%
Nov
335
9%
Jan
16
Nov
19%
275
19%
Nov
Products—
Players Cdn Corp
Foundation Co. of Canada
14%
Jan
5
97%
Feb
101%
Oct
12
94%
Jan
134
Nov
1,705
128
101% 101%
101%
100%
Jan
107
Aug
20
July
17%
85
26%
29%
11,463
55
55
17
29%
19
X19%
173
174,
.
Jan
20% NOV
15%
95
17%
24%
24%'
174
Nov
17% Mar
Apr
28
23
25%
25%
22%
Feb
285
22%
4,026
15%
Jun
23
21
Jan
26% July
4% Nov
240
Sep
Nov
2
May
1^
20
11
Jan
23%
23
23%
3,320
18%
Jan
24
Aug
20%
19%
20%
750
17V
Jan
24
May
14%
1,326
9%
Jan
740
119%
Feb
350
20
Jan
14
3%
14
.
131
131
-24%
24
11%
11%
983
4
131
570
•«
24%
18',
18%
44%
447/8
3.835
22
22
22%
42%
43
365
108
10
108
Oct
Nov
27
Jun
Jan
12
Nov
18%
Nov
46%
Jan
22%
Nov
38% May
17,073
43
15%
131
Jan
43
Nov
Nov
108
Nov
11%
680
44%
Nov
20
Jan
7%
620
12
18%
"
40
8%
108
Feb
"
40%
39
40'A
29
.
29
30
«
30-
130
44%
xl5.
.14%
12
xl2%
35
35
i
18%
■;
V 17%
15%
•75%
,87
%39V*
Nov
34
Nov
59
37%
970
15%
29
20
15
30
r
585
44%
40
130
Oct
40%
Nov
Jan
29
Nov
-
Jun
2,305
15
,
26%
26%
120
Jun
Nov
30
Apr
130
July
Mar
47
Jan
33
6%
Apr
15%
Nov
6%
Apr
13
Nor
15% Mar
40
13
1,975
36%
2,070
18%,
4,839
I,200
11%
Feb
20%
Jun
12%
Apr
15%
Nov
2,299
75^4
Nov
15%
Oct
'
74
41
46%
46 %
29%
"
29
29
'
_
.
Jan
33
Jan
41
Oct
25
*
49
;„75.-
75%
41
,_5
r-*
4
.-*
—-—*
17
Apr
Jan
10
564
*
130
.
Mar
28 *
46
1,201
1,251.
38
Jun
46%
Nov
28%
Sep
30% July
v155 •'
660
12
12% July
Nov
July
12%
470
42%
Jan
90
39 %
730.
29
Feb
-41
14
io
13%
12%
87%
13%
,
85
38
12%
10%
"435.
Oct
16%
Jun
13%
11% May
Jun
"
10
29%
•
100
176
29%
176
264
9%
Jan
235v
25
124
30
Jan
Sep
180
Feb
45
Nov
7V4 Mar
14%
Nov
Jan
20%
Nov
13
20%
1,270
18%
94
II.602
19
2,780
12%
Jan
19V4
Nov
85%
x21 %
14%
19%
13%
98
1.545
72
Jan
98
Nov
13%
13%
18
13%
1
*
*
•
Feb
161
1,993
174
16%
*
Feb
14%
34
56%
*
Nov
55
55
—
29%
Mar
Apr
56 %
25
Apr
,
53%
1.458
19%
17%
-4
13
20 \
100
x24%
x23
Oct-
185
16%
*
common—•
Dominion Textile common
Apr
18%
19V2
July
17
16
101% 101%
—
Steel & Coal class B
Feb
880
19%
102% 103%
128
Range Since January 1
Low
High
High
18%
33%
common
Nov
Mar
Shares
16%
*
Oct
Jan
Dominion
for Week
34
i
—:
Oct
25% May
Range
16
—*
*
_25
Co—
Distillers Seagrams common
50
Jan
Nov
3.10
Sales
Week's
*
25
•
——-*-*
2
Nov
30
:
24,300
of Prices
16
•
5
25
Jan
88c
103 %
*
*
-*
*
•
——*——
—
•Davis Leather class
Jun
-*
_*
*
100
*
Consolidated Mining & Smelting
Oct
Aug
28
30
-
Feb
1.69
Jan
Funds
Low
19%
-*
—-———
1.40
Oct
Oct
Jan
Alcohol common—
B
5.70
Jan
Sep \
Jan
Feb
7%c
100
Canadian Pacific Railway
7%
95c
Mar
Feb
55c
f 15c
Foreign Investment—
Canadian
12%
Nov
Jan
130
16c
v
w—r———.
Canadian Fairbanks preferred
Feb
1.84
May
July
1.90
13c
common
Preferred
Aug
Mar
..-'-.X
9%c
Feb
1.30
100
common—*
"
A—'/'■
___*
::£2
———„
25,573
1.50
64c
Nov
-*
——
Preferred
Nov
Feb
J
Canadian Celanese
Nov
10c
19%
7
Apr
3% Feb
14
110 :
18,155
26
Jun
—
Preferred
July
Jan
1.23 Jan
100
2 44
f Jan
3c
15
common—
"
Sullivan
Surf
.*
1
Preferred
Steep Rock
"I
v1'..
•
common
Preferred
23
23% Nov
101
Bronze
Preferred
Feb
8c
Nov
17%
24c
•
*
100
Canadian Car & Foundry common
May
19%
Oct
51%
2,500
50
preferred
Canadian
Oct
58c
8%c
Standard
26
40,565
19%
26
Feb
Jan
•
__
15%
5%
Canadian Breweries common
Apr
Apr
•
Petroleum
101
Aug
10%
Co
End
Forgings class A
Canada Northern Power Corp
Canada Steamship common—.
Nov
99
Southam
South
98
23%
Jan
11% July
3%c Feb
370,200
10,405
•
100
*
*
•
Preferred
.
13% Aug
100
1
Canada
Nov
13
Dredging—
Cement common—
Gold
Canada
16% May
36
13%
100
—.
July
13
V
99
—1
1.75
13
13
Class B
Nov
36
Feb
22
17%
Bruck Silk Mills
Nov
35
*
new.:
new
Siscoe GoldMines.———
Bladen Malartic Mine*
Slater
35%
pfd—1
—
Preferred
Sep
29
36
15%
2,110
1.69
Mines
& Power
British American Bank Note——:
British Columbia Pr Corp A
Mar
29%
450
_
•
new
82c
150
14%
1,100
4,670
16%
3.10
*
Bulolo
35
15
•
common
22
51 %
5%C
100
——*
of Canada pfd_
100
Building Products class A—
35
36
40
new
Nov
5C
*
Oct
75c
63c
1.60
1.05
——
—
Oct
34%
—
X
—
Silknit Ltd preferred
Silverwoods Dairies
Preferred
22
2,200
19,932
35
Gold
Voting trust ctfs
Sigma-.
Nov
2.90
Sale Price
Trac Light
Brazilian
1.64-Nov
20%
Oct
18.
3.05
..1
common
Ltd
Co.
Bralorne
■C 6.95 Nov
1.65
40%
Apr
1.90
.i
Bell Telephone
Nov
Jan
20%
Steel
Aluminium
Nov
Jan
1.69
Sherrltt-Gordon
B
Aug
4.05
Feb
10
16
5%C
f
1——
Feb
29
—5
*
Paper.
'
Mining-
Preferred
38% Nov
20%
Sicks'
Breweries
10%
76
31c
40c
885
21
—
Glove
Algoma
Nov
60
50c
Gold
Acme
Oct
18% May
?
Jan
16%
common--*
100
Works Ltd common
*
Preferred
-
41c Aug
Jan
•
Creek
405
Sep
2%
670
*_
50
100
40%
.
Apr
24c
3,035
Nov
28c
10,045
39%
47%
50%
Par
22% Mar
Feb
285
24,000
•
common
St Lawrence Paper preferred
8an Antonio Gold Mines Ltd
Sheep
\20
20
Oct
Acaditt' and Atlantic Sugar
Jun
20
405
Nov
July
1.27
STOCKS—
Nov
18%
404
15
11
200
Jan
3,350
Aluminum
1.22
18
28%
38
39%
Nov
Nov
58
8
1.60
Amalgamated Electric Corp——
Asbestos Corp —:
Associated Tel & Teleg preferred
Bathurst Power & Paper class A
1.11
730
40c
38c
3.10
1.65 Aug
16%
Nov
19%
40%
•
Nov
15% July
6% Nov
Jan
50% Mar
6,801--
Nov
20
Jan
2
1.50
66c
18
X
Corp
Jan
19%
40
18%
Last
Oct
1.08
17
Friday
Apr
/
18%
Oct
6%
9% Mar
130
58
14%
Canadian
Nov
28c
100
—
47
Jan
1.15
57
13%
Sep
185
Nov
37,860
3.10
2.75
3.00
Nov
63
79
11 *
440
6,225
14%
Nov
64
Montreal Stock Exchange
July
Mar
ll%c
'
Preferred
35
34
205
12,100
—10
common
Jan
47
'
15
5 Ve
29%
Jan
45%
100
20
4%
Apr
16%
1.39 Feb
15c
10
35% May
2.25 July
500
—
3top & Shop
Temiskaming
1.26 Nov
44
♦
Royal Bank
Royalite Oil
262
12%
39c
130
10
79
Jan
50% July
34
May
11,026
20
<
•
4%
Nov
30
36%c
179
6%
78
14
:Nov
14% c
I f
Rouyn Merger Gold Mines
11
47%
Mar
61c
1
179
57/8
"
20
Oct
15c
38%c
(P L>—47
Roche Long Lac—.1
Rochette
44c
33%
110
78%
-
Jun
125
1
1
30
61
1.28
Selections
Osisko Lake
Fend Oreille •'
Nov
'47%
Quebec Gold—.
Queenston Gold Mines
Quemont Mining —;—
Regcourt Gold Mines
6% May
41
60'/a
5f 59
179
A
-*
common—>—r—15
Ontario
&
Minnesota
'
>
Rang# Since January 1
LOW
High
22%
250
29%
1——•
3.45 May
'
Nov
1.65 May
Preston
Preferred'40
5.60
Jan f
i——L*
Paper-—
Nov
■
:
—
Nov
71,672
Purity Flour Mills common—-—.10
Nov
112
Jun
2.00 May
1
Proprietary Mines
Nov
Sales
Shares
of Pricea
Low
High
-
6%
*
—_*
—*
-*
A
class
Press
Hayes Steel ——
International Paper
Nov
Mining Co
Mines
48c
for Week
Range
i
Foothills Oil & Gas
Sep
27%
Premier Gold
East
Nov
?
Week'a
'
——
Bridge
Donnac'ona
1.01 Apr
Ha
18% Mar
Lumber
——
Dominion
Sep
12
12.40
•
Fonda
'
59
-1
-2
1
...
Western
Dalhousie
Nov
7.50
1.50
—.1
Corporation
Oct
*
;
Westinghouse
Consolidated
4.45 Jun
1.25
Rouyn Gold
Voting trust certificates
32%
100
-*
:
Mills
Silk
Canadian
1.75 Apr
45c
1
i
common
Canadian
Oct
8%
Jan
7.30
-
$400
com—••
-'——
100
-1
Consolidated Paper
Oct
59c
5 Ve May
1.06
4.30
27%
33
60 %
Vinegars
Canadian Marconi
July
I f
33
29%
Preferred
Nov
75c
Co
Bruck
Apr
8,500
.
Oct
Sale Price
Canada
Oct
10,300
.1'**
80c
155c
Co
Preferred
Brown
Nov
Jan
1,19
22c
1
18
•
Oct
35c
.X
Feb
Atlas Steels Ltd
1.40 July
31%
26'A Aug
21c
1
Mines
of B C
9%
British Columbia Pulp & Paper
67 %c Apr
NoV
1
Mines
325
Par
Feb
32c
—
16
July
Exchange-Curb Section
stocks—
1.20 Jun
18c
22c
43c
16
Asbestos Corp
Nov
Oct
Sep
7c
32c
1.59
Nov
Jun
95
100
25
'
Sep
1
Peninsular
River
■'
112
1,
1
•
33c
Last
Apr
Sep
6
51c
86,063
—1
Jan
Friday
Mar
58c
Jan
107
350
35c
3.90
2.26 Mar
1,230
23,900
19,633
•
Powell
Power
110
38c
3%c
Canadian
Apr
:
3.30
188,175
common—.
Toronto Stjtek
Oct
68c
31%
Porcupine Reef Gold Mines
Powell
40c
Oct
30
Mines;
Securities
Gold Mines
Porcupine
Jan
32c
1.00
Mines—.
Ptckle-Crow
Pioneer
22c
..
"
Gold
Porcupine
Picadilly
67,000
56,987
—
Paymaster Cons Mines Ltd
Peoples
36c
44c
40c
Malartic
Pen-Ray
32c
37c
15
1
Paramaque Mines
Perron
Apr
53c
7%c
Pandora Cadillac
Parbeo
38c
13%
31,402
32c
6%
Uchi
Nov
42,715
4,100
15
5.60
24c
Nov
35c
41c
•
(new)
Pamour Porcupine Mines Ltd:
8
6%
57c
—*
Refining
Hersey
Jan
Jan
52c
60c
8%c
40c
1.05
Petroleum
Pacific
Page
5
35
—
55c
112
4.75
30c
14
Jan
36c
88,200"
48c •"
Apr
68%
>
Apr
5%
2,195
'•
2.60
2.00 Nov
100
7%
8%c
37C
5.45
1.63 Mar
Sep
1.05
26,900
2.00
I
Apr
107
33
Knitting
1.65 May
Nov
6%
3.70
—
41c
T ' 6,560
93%
Jun
Feb
50
1,870
1
3.60
• (
Mines-
Oils
Pacalta
59 %
Jan
• "
351,900
30c
13%
-90
Nov
2.35
6%
3.25
—
50
common
Gold
Orenada
Apr
8c
22 %C
-
12%
i
Bonds—
May
3.40
'
•
Crush
Orange
—
75c
64c
Jah
Oct
Nov
99
preferred-
Oct
1
•
—
i
-
Corp Ltd.
Mining
Nov
Jun
29
105%
18
gg
•'
45c
•
Mines.
Gold
Apr
29c
1.30
Oil-—--*
Nordon
Normetal
33c
29c
Oct
Jan
Feb
965
104% 105%
93
21c
8,500
Mar
1.63 Feb
13%
Jt
Preferred
Winora
1.77
21
15% May
26c
100
22% July
.
Oct
65c
105
26%
common
4%% preferred .1
:
Wiltsey-Coghlan Mines —
Winnipeg Electric common
-
Apr
Nov
102%
Jan
....1
Apr
1.05 May
5.10
.
Mar ■'%'
97
21%
Products——
Ltd
# 32c
3.40 Aug ?
-
Jan
16% Mar
Sep
60c
4,750 i.
Jun
2.59
.
11%C Aug
99%
—
—
NOV
3.15
58%
Norseman
99%
Sep
1
Ymir Yankee Girl..
Malartic Mines—-.,———--1
Norbenite
84c
3.85
Wright Hargreaves Mines
55,500
14,515
43c
35c
79c
3.70
Mar
July
6%
Oct
•
com.
——.
Lake Gold Mines.
Wood Alexander & James
1.85
Jan
83c
3.75
_1
—
Jan
250
Jan
} .26
17 %C
..1
—...
Mines
6
14c
Apr
1.80
Sep
Nov
24 ; Oct
46% Mar
Oct
11
Nov
70c
July
37/s
2,218
Nov
22%
17% Mar
185
5
8c
20,258
30
————X
-iwi—
-1
1
NipiSStefT Mines
.6
Noranda Mines ——
—————*
Negus Mines
New
Bidiamaque
Nib Yellowknife
'
2.50
15%
July
-
3%
Nov;
30
Jan
July
40
v
t
330
7,000
1,490
13%
West
j
Oct
35c
:
Feb
12
28 '
65
70
"
17%
>11%
16% May
175
42
41
4% .••4% •:
>'9c
10c
6
6%
4%
2.40
Preferred
Feb
Jan
145
V.
41%f
'6»/4
Wasa
Apr
Nov
57
1,255
23
9c
Wane-Amulet Mines, Ltd
Walker-Gooderham & Worts
Oct
91
24%
22%
i
Feb
3.15
f
Jan
27%
33
12%
Westeel
Jan
53c
855
29%
2.47
Westons
20% Mar
13,960
>.
-25
—.
—
—
Steel
Nov
35
Mar
.50
class "A"
B
Nov
9.20
Jan
1.99
215
Apr
23
————
Oils
Vlcour
Nov
336
Aug
29%
Sep
7% May
36c
May
11
83,966
60c'
50c
54c
13%
May^
12%
10%
2,574
Ventures, Ltd.
Vermllata Oils
Sep
39C
290
VI
Jan
Jan
483
10%
Upper Canada Mines Ltd..
1.85 May
16c
17%
10
Corporation class A
Class
Nov
22 %c
1.48
1
——
-Class --B'
,
Sep
75%
59%
Mining
United
July
13% Nov
Jan
105
Union
29
Mar
22,650
1.65
33c
—
1.72
14
8% Mar
62,900
29
22%
226
22'A
51c
Sep
22
f
28%
21%
226
—
July
27c
5
31c
—20
•
100
—
Feb
1.50
1,000
32
35
90
90
67c
75c
22 % 22%
68 697/a
-30c
33c
15% 15%
70c
22%
—a
Light Heat & Power
Montreal
16'A
Nov
2,980
iVo
8.60
35
Jan
1.25
1,750
15c 17 Ac
9.20
12
2,990
16/a
—•—
12% July
470,100
29
1.58
38c
26°
—
4.15 May
Feb
669
-[3 "j* 1
100
1-68
40c
30c
Mercury Mills
•
106
1
—1
Gold Mines.,..^.?.-*.-——*
McWatter*
Jan
570
3®c
106
Gold—.
Lake
Red
3.25
[•
1.20
35,030
,1.40
16
City Rapid Transit common..
tJnlon -Gag Co—
I,
10
Range Since January 1
l.rtir
.sV;;/
High
Htoh.
1.45
Twin
Nov
Shares
Low
F«r
943
23,650
15,800
2?%
13jfe
Mines
Lake
Red
McKenzle
McMarmac
4.25
0O
*
Mines—'o
Mclntyre Porcupine
Jan
22 22%
1-07 1.15
45^
—•
.—100
—■
.—
*
2.17
for Week
'
Transcontinental Resources
3.50 Aug
14
1 f *» 5
'
t0mmm
McColl Frontenac Oil
Jan
1,900
29
Rouyn Gold
Marlon
2.25
57,715
3.40
4.25
3 |5
13 /2
22'/a
U5'
•
1
51,229
11% 11%
.*#50
Slf fit *** ITIf
-
——
Marcus Ck)ld
--
'
Leaf Gardens preferred
Maple Leaf Muting Lo common
Maple
3.10
3.20
3-40
3.40
3.95
3 60
10
Fields
Gold
Malartlc
High.
Lov>
1
1
-*
MacLeod-Cockshutt Gold Mines
Madsen Red Lake Gold Mines
Range Since January 1
Low
High
Shares
of Prices
Bale Price
Far
Bang*
of Prices
Last
Sale Price
stocks—
Sales
Week's
Friday
Range V! far Week
Last
r
NOVEMBER 16
ENDING
Sale*
Week's
Friday
WEEK
FOR
RANGE
Monday, November 19, 1945
FINANCIAL CHRONICLE
18
8%
•'
29%
8%
1,390
14
25
12%
6%
Jan
35
35
180
27%
Feb
29%
29%
275
20%
Jan
Nov
9 %
May
20
Jan
50
%
14
8% May
-
Oct
35
Oct
32
Oct
s
^Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
CANADIAN
RANGE
Week's
Friday
Wi-vl-i
Ranee
Shares
Low
preferred
Preferred
Gurd
—100
—
(Charles)
20
Hudson
21
110
35%
1,665
Industrial
34%
International Nickel of
International
Canada
__
—__15
Jan
24%
International
International
Utilities
Public
Ltd
Serv
T
:
31%
22% V
49
Apr
20%
Oct
3,320
660
V
•
43%
.„*
169
43%
108%
f
26%
v
25-
(John)
1
-Jan
11%
11%
23%
23%
435
20
28%
—
Lang & Sons Ltd John
A
29
29
625
24% Mar
,
19%
*
180
19%
'
Secord
Laura
Lindsay
19 %
80.*
14 %
19%
80
•
preferred.:
13%
13
27%
27
V'27%
80
95"
19%
80
__•
80
—.—3
Candy,
.
(C W)
100
V Massey-Harris
McColl-Frontenac Oil
•
-
-
16
8% Mar
13%
9%
(Robert)
*
Molson's
Breweries...
•
Montreal
Cottons
x
27%
100
common
Montreal Lignt Heat & Power Cons—*
Montreal
Telegraph———
Montreal
Tramways 0
Murphy Paint Co common
National Breweries
0
22%
_l -
28%
National Steel
Car
22
43%
1,457
46
*
22 %
21%
*
25
25
*
58%
57%
58%
Ogilvie Flour MMls
•
28%
29
Wire
Niagara
0
i Ontario
?
common..
Products common—
Steel
Aircraft
Ottawa
Car
Ottawa
*
Corp
Weaving
Electric
Preferred
Powell
River
♦
12%
13
1,164
7%
Jan
13
16%
17%
/ 3,665
93A
Feb
I8Y2
*
37%
40
250
4%
4 Ye
750
5%
5%
80
80
73
1,270
15
146
21
21
325
14
Jan
46%
100
102%
1,560
7
2,766
32
145
100
Mar
103
Apr
17
15%
Feb
17%
35
10%
Jan
16
80
22
Jan
25
17
17
16
16
16
24
24
24
15
15
15
100
103
103
2
103
Nov
25
105
Jan
common—
100
.
—
preferred.
Power
Canada
of
*
&
Ltd
19,155
2,095
862
58%
Jan
2,022
16%
Feb
75%
76
20%
27
153
'
100%
Chemicals
19%
19%
:
preferred—.
Canada
15
480
13%
13%
75
12%
4,990
8
99%
99%
10
99
Tooke Brothers
*
City Rapid Transit common—•
•
Corp
99%
Sept
210
69
.Jan
74
Apr
•'
27
250
16%
Jan
17%
125
11 %
Jan
6%
1,810
3%
Apr
6 %
80 V2
iV
Preferred
Ltd
Zellers
Jan
97% Mar
12%
12%
13%
100
13%
Apr
18
Jan
19%
Jan
28%
22%
V 6%
75
>
60
23
260
Jan
94
Scotia
Nova
Royal
;—
49%
49% $223,000
49% Jan
49%
16
16
250
15
Jan
18%
825
14
Jan
17%
19%
19%
330
16%
Apr
30
30
18
18%
10
1,110
15%
;
Friday
Week's
C
N
Range
Abltibl Power ft Paper common
preferred
cumulative
6%
vBathurst Power & Paper cl B
j Brewers
r
St
of
Distillers
Bright & Co Ltd
Van
27
t
British
'
Packers
Columbia
Company
Brown
•
5
13
5%
Can
cum
Canadian
35%
6%
79
For
23
—
107
14%
109%
__
3%
Hotel
common..
100
12
100
12
1.40
12%
10%
see
page
•
2428.
11
95
•
3.05
96
2.70
3.15
300
100
Nov
Oct
Nov
Oct
96
1,371
27
27
25
293/4
293/4
100
28
22%
22%
170
10
15
Mar
30c
30
Feb
Jan
0
Jan
10
00
,029 Ya
8
Nov
Feb
21
Oct
37
*
Jan
Oct
11'A
May
8
Apr
Mar
Nov
33
0
Oct
Nov
27
16 Ya May
25
44
000-;
100
112 %
-
Jan
3%
210 ■
Ya
Feb
Nov
Jun
17 % May
4
;
*
10
Jan
22c
46 Ya
50
May
17
9%
***
Nov
Jun
May
107
2,847
Nov
Mar
130 «A
6Y2 May
001.0
May
%
106 %
V
36% May
24c
100
*
0
Jan
35
24c
Mines
NOV
6%
Mar
37
-•
200
275;285
105
109,660
55c
50c
55c
2,500
32C
32c
34c
12,200
8c
Jan
51c
33c
34c
5,000
30c
Nov V
60c
Jun
:0014c
15c
7,900
;■ 6c
Jan
27c
May
12c
18c
4,700 '
7c
May
31c
May
Mines
79%
107
57
Jan
,
16
20
May
13
-
Jan
v.
Feb
5
100
Jun
15
Aug
10
Jun
2
Jan
6%
Nov
40c
Jan
11.90
4,500
1.67
19,100
2.15
58,900
90c
^2,200
80c
Nov
0
95c
4,400
62c
Jan
0
40c
28c
Sep
2.55
0 1.10
17,100
30,500
20 Y»c
29c
22,500
28c
Nov
I42
1.15
2,000
90C
6c
8C
34,928
3Yec
Jan
65c
80C
20,000
7%c
Jan
1.16
,7.10
7.10
100
0. 2.45
25
985
1.68
37,200
2.25
2.25
400
1.85
2.10
17,757
3.75
4,100
71%
71%
10
64
4,800
30c
Nov
64c
70C
70c
1,000
3.30
3.70
21,450
1.28
1.28
•■2,000
2.25
Mines
2.25
500
37c
42c
1.50
1.55
39,000
2,100
7.50
7.50
0
200
;
46c
1.68
July
NOV
Nov
Jan
2.25 Nov
1.55 July
0. 2.20 Aug
1.32
;
3.80
3.40 Mar
2.25
48c
79 %c
Feb
1.20
1.28 Nov
2.25 Nov
46c
Feb
Oct
0 1.79 May
Jan
4.40
Feb
3.80 Apr
Jan
Mar
1.25 Mar
10c
Feb
0; 71 Ya Nov
/. 43c
Aug
7.50 Nov
Jan
21c
July
51c
Sep
10c
13c
2,200
6c
Jan
25c
Apr
37c
39c
26,800
15c
Jun
65c
1.34
1.55
3,100
34c
Jan
1.55
Nov
70c
72c
1,000
66c
Aug
80c
Mar
5,500
41c 44 %c
—
Mines
25
Jun
33c
18
Sep
Apr
Nov
0 8.00 Oct
Jan
Jan
23%
.1.00
1.50 May
2.10
Jan
:1.35
.1.00
Apr
13Yac May
0
16
975
•
1.40
28c
2.10
—1
Nov
.Nov
Jan
1.73
0
July
29c
Jan
1,428
5,300
Sep
Nov
67c
?
7c
16
16c
31c
95c
IIY2
16
14C
Nov
1.75 May
46c
Feb
Mines Ltd
Rouyh
3.10
Apr
3.75
of Brit Colum.
1.67
Mar
20c
Jun
7.00 May
Oct
62c
Ltd—
Ltd
2.99
Jan
Apr
52c
28C
Corp Ltd
Ltd
77C
65c
60c
Mar
14,800
41c
Nov
1.50
'Oil Stocks
27,000
7,500
10c
2,150
3.95
Jan
1.20
Oct
May
1.05 Apr
1.00 May
3.80 Apr
Feb
5.55
1.20
Ltd
;
Jan
3.15
23c 29 %c
4.85
Ltd——
90c
Jan
39,954
47c
2.98
Gold Mines
20,419
93c
44c
—
86c
82c
Ltd
1944 Ltd
75C
'
Oct
5.55 Nov
Ltd
1.20 Nov
3,200
86c
Feb
1
40c
40c
500
35c
Feb
40c
0
Anglo-Canadian Oil Co
1.60
1.60
100
1.54
Feb
1.60
4.45
4.55
99,894
3.10
Jan
4,55
Jan
18c
Oct
22 Ya Mar
[
Foothills
Oil
&
Gas Co Ltd
Jan
13% Nov
4%
Apr
12
Nov
Home
Apr
.101
Sep
Homestead Oil St Gas
Nov
Royalite
3.15
0 2.30 Apr
400
—
6%
Aug
Jan
23c
1,200
'
'
1.80
Nov
2.40 Mar
1.55
Mines Ltd—
Nov
46
31
59c
Wright Hargreaves Mines
-
Sep
1.15 Mar
32c
Ltd
Wiltsey Coglan Mines
Nov
Feb
26
.300
——
8ullivan Cons Mines
2
150
1.52
1
Standard
95
,
Sep
It 31
.1.00
Aug
Mar
075c
.1.00
Nov
15%
168
155% Aug
Sep
2.90
Ltd-
Mining
Gold
Jan
58C
80t>
Mines
Gold
lOcr
10,300
81 %c
Goldfields
Stadacona
Jun
May
1,500
68c
1.85
Sherritt-Gordon Mines
Blscoe
45c
35c
4.80
Mines
Rochette Gold Mines
Jan
29
May
May
60c
V
1.20
Quebec' Yellowknife
Aug
111
Apr
18c
Jun
1.30
Porcupine Mines Ltd—
Cadallic Golc! Mines Ltd. 1—1
—1
Gold Mines Ltd
Senator
5,500
Oct
54c
Jan
Jan
2.75
Gold Mines
Red Crest Gold
Oct
6c
4c
33c
45c
4.35
—
'
Jun
57c
31
Mines
Pioneer Gold Mines
Nov
4,400
48,800
>
Nov
66c
Yellowknife
Perron
10c
0C
Apr
48c
35C
Osisko Gold Mines
Nov
Apr
108
;_
;
0 1.80
Nov
50c
33c 37Y2c
43c
45c1
Mines
Normetal
Sept
107%
;
9c
34 %c
.*
O'Brien Gold Mines
Jan
11%
•v
12C
.
1.45
Ltd
Oct
Mar
26%
22% Mat
49
Apr
100
14C
Mining.--—
Mclntyre-Porcupine
Aug
6%
-
Feb
13
Mines
Pandora
Jan
1,150
45c
Long Lac Gold Mines
Mines Ltd
Pamour
Sep
41%c
Macdonald
Sep
Oct
Nov
44c
Mines
Jun
37c
May
72c
Sullivan
11
Jan
78,000
90c
87c
Feb
75c
23c
1.25
Mines Ltd
.1.00
Kerr Addison Gold Mines Ltd—__.
1
Kirkland Gold Rand Ltd
1
Kirkland Lake Gold Mining Co—
1
Labrador Min & Explor Co Ltd—
1
Lake Shore Mines Ltd
Nov
14
Feb
37Y2C
400
July
44%C Oct
«
68c
Inspiration Min & Dev Co Ltd—
Consolidated Gold Mines Ltd. _-i
Nib
17c
5,100
90c
!-
Mines Ltd
Mines
Malartic
85,100 '
23,910
20,000
1.25
Gold
Gold
Jan
9,500
8c
70c
Mines——
19c
Oct
Nov
3c
12c
42c
7C
Limited
Gold
Gold
:
9c
39c
IOC
39c
Ltd
Quebec
25%
45
10,425
13% M
17Y4
Jan
99
-
100
100
Corp Ltd
Copper
Mines
Sep
.105
25
120
:
110
70
"v"; 50
>5;
25
■
84
233
;
10
43%
Manufacturing Co___—;
Jan
2.30 Jam
1,199
1.50
13%
25
w,
Nov
30
5%
__
5%
651
.
36
mm'so'
Ltd———*
Nov
77
Jan
11
12,913
,
23
25
53
53 ./
106%
107
14'A 14%'*
109 109 %
»
27
27
15% 15%
167
167
3% vfe: 4
4%
Mar
23%
207
79
100
._100
1
Western Lumber
footnotes
107
—
—
—
Jol let-Quebec
5% Nov
2% Mar.
681
6%
107
4%
*
Ltd
6
78 %
130 %
0000;.;.; 7.0
112 % 112%
112%
J-M
18% July
Jan
3
5,720
...
45
0
•
Hugh Malartic
Nov
30
May
44
1,284
166
50.
v
35%
1
Power & Paper Inv com.—*
Vickers
34
100
100
preferred
Marco^ Company
preferred
Canadian
„
...
preferred
Canadian
•7 </o
B
Light & Power Co...
Canadian
•V. 5%
class
V
11
*
Ltd
,
Sep
9%
15 %
11% Julv
*
Products Corp Ltd
Steel
;
42
24C
^'ti__
Securities Ltd
0
10
Heva Cadillac Mines
Jun
Range Since January 1
-High
Low.
6,663
"
25
Internatl Inv Tr Ltd com__»
Canadian
Ltd
13
11
24%
•
Industries
13
5%
76 <
5% '
11
General Investments Ltd—*
Canadian
74%
5%
25
__1
*——-100
common
Preferred
>Canadian
5
'
•
Calgary Power Co Ltd 6% pfd
100
Canada & Dominion Sugar
•
v Canada Malting Co Xtd
:
—_*
Can North Pow Corp Ltd 1%
pfd—100
f Canada
Vinegars Ltd
—•
< Canada
Wire & Cable 6%% pfd—_:_100
vCanadian Dredge <fc Dock Co Ltd
*
•
5%
75
5%
16%
45
100
pfd
Corporations class A
Little
Shares
*
0 9 Ya Mar
105% 105%
—
6%
Lineman Lake
Hwh
•
(T G)
-British American Oil Co Ltd—.
•
•
100
*
Ltd
of Prices
Low
2% Mar
3,415
1,635
130 % 130%
1st pfd—100
pfd—
50
Pr
Canada
Formaque
tor Week
Sale Price
410
16 %
cum
2nd
part
Amusement Corp Ltd A—
East
Sales
Last
Par
9
15%
14% July
Donalda
Canadian Funds
STOCKS—
"8%
14%
Jan
Duquesne Mines Co Ltd
East Malartic Mines Ltd
Montreal Curb Market
•
108
Feb
Feb
Nov
29
Mar
3%
Dome
20% Aug
18%
105
100
"Cournor
16% July
16%
10
22
35
12%
Gold Mines.
Oentury Mining Corp Ltd
Feb
10
.
1,970
3/8
12%
Centremaque
Nov
10
—
29
107
Nov
18
Sep
14
Ltd——
Brazil Gold St Diamond M Corp..
Cartler-Malartic Gold Mines Ltd
Central Cadillac Gold Mines Ltd..
Jan
16%
19%
28
17%
Feb
0 1.50 Nov
27
Bouscadillac Gold Mines
Nov
35
29
10
865
107
29
^
69
Goldora
—i
Commerce
Jan
1.20 Nov
17%; 17%
17%
I6Y2
22 Y4
Jan
18
Feb
Bonville
14% Jun
Jan
Jan
10
Montreal
12
68
Jan
Beaucourt
r
—
820
1,555
'
Feb
Francoeur
'
Canadienne
1.50
Oct
Nov
33
Jan
6Y2
Eldona
Banks
■
213/4
1.20
22%
May
13Y( Oct
..July
0. 9
23
Beaufor
Oct
28% Mar
Heat & Power notes-
14
21%
58
57 Ya
Astoria
Bonds—:
Montreal Light
13%
1.20
10
150.
Aumague Gold Mines Ltd—.
Beatrice Red Lake Gold®.—
Oct
25
25
_
170
13%
14% Nov
Feb
Jan
13
•
135
Aubelle
23% Aug
4,329
35
33
Sep
6
24
780
31 Ye
Nov
Nov
517
Arno
Nov
Mar
50
__
*
101
70
250
22
13
51
Feb
Mining Stocks
Nov
-
21
1
27
75
Mar
1,540,
22
27%
12»/a
"
%
Jun
7 Yb
Jan
5
12
Aldermac
100 0 Mar
58
97
21%
•
common
common
preferred
6Y0
97
21%
*
common
V Winnipeg Electric
Preferred
,0
97
Ltd
Wllsils
5
•
22
,
(Geo)
Weston
,
75
*
Walker Gooderham & Worts com
,
65%
15
29
49
163
,32
-
']
403
Alger Gold Mines—
NOV
886
•
74
75
Jun
Nov
10
27
Woods
6% Jun
15
Mar
157
15
100
•
100
56
6Y2
0
Jan
21
69%
Western
Jun
27
180
•
13
100
15
100
Cotton
Wabasso
120
Oct
Jan
16 Ya Mar
4% Mar
865
T"'Y';'
Jan
4
'
100
V,
27
Windsor
17% Nov
6%
Apr
7Y»
12 Ya
9 Y2
Jan
Jun
Oct
49
Mar
15
1
11 Ya
B,,
'NOV
79
79
80
27
-
5
100
28
69%
United
Oct
78%
17'
5
0
Jun
Jun
2
Jan
Mar
—*
Ltd
TJnited Distillers of Canada Ltd
Nov
27
.
Jan
0
:■
30 Ya
Jan
25
34%
525
0
14%
5
Paper Co
July
30c
55
____*
United
Nov
12%
79%
r.
14 Ya
56
•
United
14% Oct
Jan
210
•
19%
Jun
July
79
*
common
——
10%
79%
■
14%
Southmount Invest Co Ltd
Mar
12
25
51
•
Co
7
13
•
7Y«
51
0
Refrig & Storage
Southern
July
12%
V Twin
Biscuit
111
101
13%
»
common
1
Preferred
Preferred
Mar
99% Mar
19%
109
7 Ya
.51
Quebec Pulp & Paper 7% red pfd—100
Reliance Grain Co Ltd preferred——*
NOV
Jan
111
*
common
35
23
5
165
*
Power
7 Yb
*
Ontario
&
29
*
P
3 % Mar
954
-
Apr
Nov
179
6
10
28
0
50
*
Purity Flour Mills common
NOV
40
.35
100% 100%
Nov
80
870
"
6Y2
Jan
*
Oct
35
*
Canada
Standard
Steel
153
Nov
1st pfd—30
6%
Oct
Jan
Apr
111
—100
Southam Press Co.
Southern
of
35
111
28%
Mar
5%
8Y2
.10
'0'0
....—
fx Corp pf Can 6%
Oct
22%
5Y2
Aug
70
10
—20
Ltd
3%
200
160
Aviation Ltd.—
*
Paton Manufacturing 7% cum pfd-100
Oct
145%
48
0
*
A
(Ottawa)—.-
P &
Corporation
Oct
'.5
46%
Noorduyn
Jan
410
,
.
35
100
preferred
preferred
22
125
28'""
153
35
.
Oct
22
Corp—
(Can) Ltd
Power & Paper
Montreal
Nov
79
Nov
Nov
Mount Royal Hotel Co Ltd——*
'J 38% Nov
-
Nov
Nov
40
Mar
2
567
•0:f;
..
preferred
Moore
10% NOV
,
47%
•;
,
1.00
16%
>
10Q
Ltd
Co
Minnesota
Oct
107%
18%
*
A
Feb
106
20 Yt
19 Ye July
'v•' 15
5,020
29%
80c
16%
Rights :■
Marine Teleg & Tel 7r/« preferred—10
Massey-Harris Co Ltd 5% pfd
100
McColl-Frontenac Oil 6% pfd
100
Melchers Distilleries Ltd common
•
Preferred
—10
Sep
„
Co
28%
16%
Maple Leaf Milling Co Ltd common—*
15% NOV
;
2% May
Jan
10
'38
20%
common
Sons
Jan
9%
0
(H)
11 %
35%
10
38
76
20%
50
—100
com
"
105% 105%
100
•
.100
Williams
x
;
—10
Securs
Hotel
MacLaren
Nov
9%
*
.
i
com
Company
Paints
John
St
Lowney
Nov
236
'
15
15
25
•
Preferred
sViau
Feb
410
102% 102%
14%
13
46%
/ Jan
Salle
29%
*
preferred—
Journal Pub
La
Oct
Nov
(A J)
Foundation
conv
Lake
27% Nov
18 % Mar
1,085
■
*
*
Transport
6%
7
100
preferred
Investment
6
—
Insurance
cum
0:6%
*
class A
Ltd com
Corp
preferred—.—
cum
5%
Nov
21%
•
preferred—______
cum
5%
100
Ltd
Hydro-Electric
31% Nov
152
*
A__
Motor Co of Canada
International
July
73
Jun
12%
Breweries
United
27% Aug
57% Mar
200
31%
152
class
Co
red preferred
cum
Aircraft
•6%
Oct
101
Jan
64
27%
Preferred
.
99
152
44
Lawrence Paper preferred
Shawinigan Water & Power
\
31
73
12
V St
Co
35
26%
Corporation common
preferred ;——
:
Steel
100
100
46%
St Lawrence
5%
15%
12
Paper
Simpson
52
Jan
27%
Preferred
Simon
Jan
8%
*
Knitting common
Sheiwin
28%
930
*
commoa
Preferred
Sicks'
65
15
5
Ltd
Aircraft
Halifax
Nov
50, *
14%
Products
Steel
Freiman Ltd
.Jun
•
Co
Quebec; Power
A
8
Paper Co Ltd
Fraser Companies
.Oct
Jan
15% May
1
preferred
Provincial
Saguenay
23
5%
Co Ltd
Bros &
Rolland
75
25
2.00 May
*
Oct
Mar,,
7%
•
of Canada
Power Corp
i
29%
24%
281
Nov
18
6%
Jun
,
1,035
15
Jan
Jun
50
14%
*
Development—
Regent
7%
*
Placer
5%
26
59%
100
common
Preferred
Price
Apr
Jan
2i%
21%
100
Tubes
Ltd
Penmans
Power com
___
Page-Hersey
?
21%
•
100
Rwys
Ottawa Light Heat &
V
•
•
20
50
1.95
1.75
Sep
Sep
Jan
8%
5
Corp
Square
Foreign Power Sec
Nov
312
1,4011
'25"
11,853
15 Ya
1,155
Ford
Jan
22%
17% Mar
2,590
22%
46
14%
75c
Jan
18
Fleet
NOV
43% May
13%
Oct
,8
Apr
13 %
.17
Oct
43%
•
*
>'6 % Nov
Mar
25c
7
Ltd
Corp
6%
3,640
15%
Oct
Nov
65
Feb
Jan
—*
6%%
Nov
May
1,245
50c
15 %
60c
Mar
.
3%
42Y* Nov
Nov
27%
42
Feb
Nov
33%
Apr
7%
45c
25c
5,940
r
7Y2 Nov
Jan
Apr
46
Jan
37
50
...
80
Jan
22 '
46
25
225
275
42%
43
29
27%
Noranda Mines Ltd
'
24%
42
27
29
*■
Preferred
75
May
20% Mar
35
7%
*
500
600
■*->.
2.50
Federal Grain
Jun
46
5
A
/. Feb
Jan
Nov
3,942
22%
46
_1G0
*
common
29
27%
50
22%
——40
.
23% May
6%
4
'
Oct
.22% May
9,405
.
Sep
60c
Nov
235
Sec
Sep
35%
Nov
1,445
28
60
6
15%
Jan
18
*
Mitchell
60
14%
125
13% NOV
Jan
55o
•
Frere, Limitee class A_,
Fairohild
Oct
80
,
55c
•
com
common
Oct
50
200
Oct
14%
Nov
80
4,191
2,382
Adv
Ltd
15
42%
Jun
20
15% Feb
610
13%* 14%
7%
11 % May
20%
&
Eastern
Feb
20%
Jan
7%
90
Dominion Woollens
Nov
23%
15
Nov
12
42
Sep
31
15
57%
Jan
Donnacona
"
Labatt
Lake of the Woods Milling common—•
15
High
Mar
6%
20%
Nov
12
13%
L
Div
Aircraft
Dominion
Oct
43%
Jan
13%
13%
50
*
Nov
113%
Jan
11
Cub
David
24% Mar
Jan
104
Dominion Oilcloth & Linoleum Co Ltd
Nov
49
27% May
15
,*•
.
41
127%
11
Consolidated Paper Corp Ltd
Nov
52
Jan
97%
35%
Jan
21%
111% 113'
..
15
com
6,797
427
44
Oct
10
:.
*
Preferred
Nov
0
11
com
Preferred
Consolidated
Jun
14
Jan
f
21%
22
*_i——1000 .113
;
_
*
common.—49''"
International Power
Preferred
Ltd
Co
Petroleum
127*,
16%
00 8
Feb
125
100
Alcohols
Low
57%
Ltd
General
Neon
Range Since January 1
High
57
»
Ltd
preferred—
Co
Shares
57%
—1
Preferred
Nov
Jan
7%
35%
Knitting
Commercial
Feb
6,570
40
5;%
123% 127
Celtic
Nov
112
12'A
„
V
47%
50
——_10d
15
39
40"
com—*
Paper common
Preferred
Jamaica
•
27
Apr
13%
35%
Acceptance Corp com—
Jari
cumulative
Low
*
Co.
common
Products
Food
Claude
Nov
365
"'7%.
5%
Oct
16
T 35
13%
7%
Catclli
Nov
9
Feb
2,995
14%
13%
.♦
<
107
Westlnghouse
Cassidy's Limited
,;;.T0-v Nov
14 %' Oct
Mar
1,406
15 V
Ltd
Oct
30% Aug
Imperial Tobacco of Canada common.5 V 13%
Preferred
I.™
—~
i_£I~
Imperial Oil
Nov
21%
Jan
6%
1,426
~0, 145
.
.
26%
34%
V;
8%
11
111 J/2
111
Bay Mining—35%
590
1,450
2,315
9
16
25%
_i—100. 0' 111 %;
107%
Canadian
Oct
Apr
101% May
5% May
225
14
8%
15%
26%
Smith,Paper common___—_L_*
Preferred
15%
of Prices
Par
13% July
103%
101 % May
60
*
9%
13%
Gypsum, Lime & Alabastine—.——13%
Hamilton Bridge-_
*
8V2
Hollinger Gold Mines
:z
5
16 *
Howard
15
107
9
Feb
265
20%
107
9
Jan
97
Sales
for Week
Range
Bale Prioo
High,
J 10%
805
107% 107%
107.
*
comm.on—
Low
321
13%
103% 163 %
Week's
Last
STOCKS—
Range Since January 1
Hi/ft*
13%
*
100
103 V2
5 Mi %
preferred ________——00_lOO'0; 0.:4'
General Steel Wares common.
2d%
5%
16
for Week
•f Prices
Par
common
MARKETS
NOVEMBER
Friday
Last
Gatineau..Power
ENDING
8ales
Sale Frice
STOCKS—
LISTED
WEEK
TOR
Oil
Co
4.50
Ltd
Ltd—
Oil Co Limited—
_
8c
1
*
"
20
13c
194,500
4V*c
20
20
30
18 Ya
Nov
Nov
Nov
May
2428
OVER-THE-COUNTER MARKETS
r
•■/■'•v.
IS
Quotation* for.Friday, November
■
Quotations on Reaf Estate Bonds
For
Specialists
Shaskan & Co.
OVER-THE-COUNTER SECURITIES
•
v
'<
,
'
< '
V'. V
*?■/■.
>
*
"
"\!t
'
*
' 1
'4
4
'.••■X*
' V
'
»
1
,
Members New York Stock Exchange
•*;•
Markets
Firm Trading
fc-
•
Uvl\
'1: ^
/
250
Members New Yoik Curb Exchange
4$ <».
;■:?
40 Exchange Place, New York 5, N. Y.
ACTIVE ISSUES
r
Tel: DIgbjr
■
Bell Teletype NT 1-953
4-4950
120 Broadway. New York
Ward&Co.
1928
Established
Direct
2-8700
REctor
Phone:
UJ 288,
Tejie. NT 1-1287 &
Association
'
Member* New York Security Dealer*
Wire* to CttlCAGO>-PHILADELPHIA
.
Reorganization Rails
:
'
Chic Indianapolis 6c
1st 4s
Investing Companies
1
10.42
6.23
4.78
6.81
5.23
1
American Business Shares
American
Oil shares—
1
Axe-Houghton Pund Inc
Axe
A
Houghton Pund B
Beneficial
tfond
Corp
Tr
Inv
Invest Co Inc
Broad Street
Bullock
8
8
1
Inc
Pund
Boston
Ltd
Fund
12.32
Conv
K-2
31.77
1
30.51
33.50
•
34.67
—1
Century Shares Trust
Pund
Chemical
12.95
Securities com—100 3,070
Preferred
100
144
Christiana
Commonwealth Invest
1
—.
Fund
7.33
Mutual
Diversified Trustee Shares—^ ^ •
9.29
7.50
shares
1
16.54
16.11
17.60-
16.22
1141
—10
Inc
——
priced bond series
6c Howard—
Balanced Pund
26.82
1
8.67
5.70
7.11
17.61
18.84
•
27.56
29.68
Industrial Pund,
Trust Pund
Inc.
2.43
8
7.97
8.86
Fundamental Investors Inc
2
34.05
37.32
Agriculture
7.40
Automobile
6.52
Building simply
Financial
First
Inc
Mutual
Trust
Fundamental
6.51
shares A—2
New
7.88^
13.47
Bank
45.34
1
6.45
9.68
Agricultural
Avlaclpn
7.95
Chemical
-
Fully
bond
Shares
11.08
Petroleum
Railroad
RR
6.26
stock
Steex shares
7
Foundation
Fund
Series 1956
4.09
Putnam
6.40
Republic Invest Fund
7.62
6.37
&
•
2.82
3.16
Securities Ltd—
Group shares
Bank Group shares—...
17.83
America
Investors Fund O
Keystone Custr-Man
Series
■-U;
i
Union
-1.00
•
38%
1613A
1.29
Amerex
B-3
Holding
20.27
22.23
nuron
&
—-15
American
8
10
Fire
Lt
1, 1956-1946—
May 1, 1956-1946
l%s Oct 1, 1950-1948
100.8
3s
95c
Erie RR 2s
IA0
2%s Feb.
0.80%
April 15,
Other
101.7
100%
1946
U 8 Conversion 3?
104%
4
101.9
100%
1, 1955-1953
104%
U 8 Conversion
3YsS—1974
(Dec
15.
tMar 15
tSept.
1946,.
1947—.
15,
1947.
tSept.
15,
1947.
tSept.
15.
Int. Rate
%%»
Bid
\%k
%%£
•
100
101.1
100 1
.
100-2
107
104
105
101%
2%s__1975
102 »A
102%
3s
K—1980
107%
108 V*
ser
2%s~i!-_1975
100.20
100.21
1%%
100.13
100.14
—Yblz
100-30
100.31
-
1948.
—100.15
1%%
..
,
;
N
"
more
100.16
32ds of
Ask
"
104
104 %
-99%
100%
By—•
1990
102%
103%
102%
103
Pow 2%s____1974
104%
105
City Southern 4s—1975
102%
b0.90
100.8
102.28
.
'
.'
„•••-■
rry?.V
'4
:-•••"
60
57
90
'rt
40
"D
•
Aik
Bid
105 %
,105%
104%
104%
.1965
101%
101%
.1975
103 %
103%
3Vis- .1975
Public Serv (Okia) 2%s-— .1975
106%
Pennsyl Pow & Lt 3s__—
3s
Debenture
Elec 3Vis
Portland Gen
Pub
(Indiana)
Serv
3Vis__——
Co
Reading
Okla 6c Gulf Ry 3%s_1980
3%s
1965
Pow & Lt
3 Vis—1975
Lt
Gas
Texas
99%
.1975
99%
Service 2%s—. .1975
Texas Power 6c Light 2%s. .1975
.1990
Union Pacific -• 3s——1
Western
Lt
102
101
Preferred Stocks—
105
Allied Stores
107% :
104
Armstrong
4%
102%
103%
108
Union
100%
,1974
107
99%
(Call
101%
106%
102'A
103
_100
164
k_-
-r
Westvaco Chlorine $3.75—
3s
Connecting 2%s--——1975
Cork
Oil
102%
106
Par
-
4-—
-
104%
106%
100%
101%
101
101%
1975
Tel 3s
6c
107%
101
100%
k—
Ry 3%s__. .1985
Pacific
&
104 %
Elec
100%
Southwestern Bell Tel 23As_. .1985
1975
Y.
*"
IlOO
110
1U
105
106
104%
105
103 %
._100
$3.75—
104
103
133 %
134%
100.10
United Stales Treasury
a
Treasury bills—
quoted
Bid
.0161
f
.0207
January
b0.375 0.33%
January
1945,
1945
December
27,
.0242
1
January
0.35%
1946--—
6,
February
b0.375
—.
0.32%
0.33%
0.35%
b0.375
0.35%
b0.375
February 14, 1946-—
.0262
0.35%
bO.375
1946
b0.375
1945
bO.375
.035%
.0267
.0206
0.32%
13,
1948_—;
1946—-
bO.375
24,
31,
0.32%
20,
0.35%
10,
17,
b0.375
1945
1945
December
0.34%
b0.375
3. .1946—
January
b0.375
29,
Ask
b0.375
1946___.
January
0.28%
December
Ask
.0207
.0206
—,
RM
Ask
:
b0.375
December 6,
Price 100 Pins
Bills
at purchase
for discount
November
point
Indebtedness—
are
November 23. 1945-—.
.0196
.0339
.0184
.0290
1.09% July 1,-1946
t%s Aug 1, 1946
.0302
Odd
name
.0345
lot
sales,
b Yield
d Deferred
price,
delivery,
e
priqg.
Ex-interest, f Flat
Canadian market,
s Cash sale—not included in range for year,
issue,
x Ex-dividend,
y Ex-rights.z Formerly Athey Truss.
changed effective Sept. 17, 1945. ,
V'; :'r; ■
\
Stock
dividend.
.0379
.0211
to
.0425
.0239
.0189
'A
•At.
a
.0269
.0245
t%s
.
V.
; tx;
j 48 ■&.
46
0.80%
?%S April 1,. 1946
Was May 1, 1946
101.6
42%
;
*600,,
.1975
3%%
Monongahela Power 4.40%
Ruppert (Jacob) 4%
N
1947
t%s Dec. 1, 1945—
J0.90s Jan. 1, 1946—
Was Feb. 1, 1946
!,
t%s March 1, 1946,
Issues
103%
Lt 6c
Narragansett
\
Dollar
of
39%
Fire————4
Mountain States Power 3s__1975
t%8 June 1. 1946
101.5
-4
.
or
125
120%
Texas Elec
Monongahela Power 3s
1961
Maturity—
Certificates
:'1%%
.;
one
38
585
Ask
Bid
'
58%
36
37%
.—2000
Kansas
Quolaiions For U. S. Treasury Holes
Figures after decimal point represent
79
54%
85%
106%
Rates
Maturity—
76
Westchester Fire
100%
i—
Houston
1948
—
Panama Canal 3s—
tDec. 15, 1945
IMar 15. 1946
24%
->
'
3s
Marine
7%
30%
22%
U 8 Guarantee.
117%
1975
———^—1953
Great Northern
Page 2411
—
6%
29%
U 8
1974
3 %S
Banks—
Issuet
El
Power
Consumers
8%
Bid
100.10'
Pwr
6c
56
Obligations Of Governmental Agencies
3s Jan.
Lt
St
Gas 6c
Minnesota
Loan
14%
Pacific Gas & Electric 3s__. .1977
Pow
Arkansas
37%
7%
54
Ask
98 V*
43
33'A
31%
113
64%
„>
36%
Bid
Laclede
Home
93 %.
34%
113%
40
Haven
10
SprlngMeld Fire & Marine
25
Standard Accident—
—,10
Travelers
100
U 8 Fidelity & Guaranty Co—2
Recent Security
22.53
36%
—10
xioiaing Col'P—'.—-
Federal
10
37
9%
98
V
13%
Security New
11%
Kans
Bid
Seaboard Surety
Bonds—
20.66
1
—
FOE NEW YORK CITY BANKS & TRUST COS.—See
Bank Bonds—
St Paul Fire &
54%
3%s
Federal Land
15%
69%
10%
••
59%
10
12 %
10
Fire
(Paul)
26
19 %
16'A
26
?4
94%
(NY) ———2
(Texas) ——i——10
Republic
14%
preferred
49 3A
107%
Reinsurance Corp
65%.
com___15
32
r"
'
24%
51%
Fire
93%
10
Preferred Accident
8
Providence-Washington ——10
Revere
0
Birmingham Electric 3s
Cent Vt Pub Serv 2%s
First Boston Corp
66
8
Rutgers
34%
-
111%
10
20%
Corp
Blair & Co—
30.27
63
107%
27.35
Corporations
30.12
168
& Republic
Cincinnati
27.60
__
Indemnity Co
8
Marine
8%
23
—10
Fire
8
&
..7%
188
24%
Phoenix
8
10.92
25.02
Investment Banking
28.77
41%
Falls Fire
Conn
21
10
10
Newark-.
Fire
Hartford
17.82
17.5J4
of
10.12
9.98
Wellington Fund—.—.—J
I
64
20
Pacific
—
56%
Assn of Phlia
62%
57%
54
10
23.28
9.25
Lt & Pwr Shares A
Northern
45
,
25.28
21.30
—
Northeastern
7-70
io
Hanover
36.75
16.87
31V3
64
North
23%'"
6%
5%
2.50
8
12.50
River
25%
;21%,*V'^
64%
8%
69
1.12
24.51
Preferred Stock Fund
U S El
Funds-
B-2
Series
1.17
16.26
B-l
Series
1.17
33.81
10
—
19.54
1.06
Insurance Group shares
•r 8tock and Bond
Group sharesof
66
C
:
•••'-- n
7%
93c
85c
-
-
9
8.34
250
*
10
2nd
15.44
7.61
A
series
7.15
Globe
114.93
14.16
Unicn Common Stock Fund B—.
Aviation
Co
112.65
,
10c
B
Series
Investment
Series
■
10
5.05
1
91
6.90
Globe
4.60
2 %
Utilities
Fund
;
Great
Amer Shares
Bond
86%
Glens
1
Trusteed Industry Shares
Union
28
7%
6%
100
Firemen's
18.22
State Street Investment Corp
2.02
34.63
44
'
•
17 3A
62%
Casualty
;
43
89%
42
(Detroit)—10
59%
National Fire
10
6%
National Liberty
2
178
National Union Fire
20,
"32%
New Amsterdam Casualty——2
29%
New Brunswick
—10
47%
New Hampshire Fire
.10
15%
New York Fire
8
73%
41
—2%
—
Gibraltar Fire
16.94
Sovereign Investors
1.85
70%
10
City of' New York—U.,i.-10
Fire
20
__1
Fund, Inc—*
Selected
28
Surety
General Reinsurance Corp
17
Fund
5.96
32.51
National
109
16 %
——i—4.
Monarch Fire
24%
Fireman's Ed of San Fran
3.48
Trading
(Geo)
7.49
S
Independence Trust Shares
9.40
Scudder, Stevens 6c Clark
10o
_
10.90
3.78
1
Petroleum
Inc
Common
Incorporated investors
Institutional
1
6.81
,
74
23
Fidelity 6c Deposit of Md
shares—
7.68
Standard
Income
Trust
5.41
shares
70 %
10
Federal——
9.37
9.92
1955
5.79
_
Tobacco shares
Utility
Amer
Series
6.93
—_
8.52
8.85
—
5.82
shares
10
Reserve
Employees Group
Employers Reinsurance
13.30
12.11
i—i——4—
19 %
3%
Re-Insurance
i!
15
12%
8
4
Fire N Y
Mfrs
61
Pacific
9.57
3.71
—
Merch
Franklin
6.89
6.98
shares
Equipment shares,!
Railroad
8.70
North
10.60
shares
Bond
14%
20%
Continental Casualty
Crum & Forster Inc
14.93
Railroad equipment
.Steel.-.—;
——
9.68
9.65
13%.
Casualty.S
Connecticut'General Life
11.69
8.81
Mining shares
•
13.59
Railroad
10.21
shares
-
12.77
Oils
10.14
10.64
Price
„
13.59
stock———..
Metals
9.57"
9.29
Investing
Merchandise
11.62
Merchandising
6.92
9.23
Merchant Fire Assur
Camden Fire
11.80
10.74
equipment—
Machinery
14.07
10.56
-
12.37
7.53
8.71
Massacnusetts Bonding
22%
Bankers & Shippers
14.79
Electrical
•
Maryland
13%
21%
Boston
17.28
Speculative
Insurance
Industrial Machinery sharesInstitutional bond shares
Low
13.47
15.74
10.74
6.29
„
11.12
Diversified Investment Fund—
12.82
shares
10.12
Diversified
6.85
shares—'?
15.91
8.74
11.02
shares
Administered
General
>
9.78
Electrical Equipment
Food shares
14.49
————f
10.03
shares
Building shares
11.06
——'
9.86
8.97
—
shares
13.14
10.06
Equipment-—
Chemical
/
shares
Automobile
37%
12%
8
Baltimore American
17.05
11.96
stock—
! Business.
Group Securities—
34%
5
Automobile
14.79
8.80
-
15.53
•
General Capital Corp
General Investors Trust
4
Casualty
American
Inc—
31
106%
40%
1
Casualty
Automobile
American
New York Stocks
49%
29%
25
American
16.78
16.61
—1
Fund
England
23
52%
Equitable
American Fidelity 6c
American of Newark
2.67
Pund
Pund
10
46%
—.mm,,
—
86%
,
American
5.68
5.12
series
Stock
1
Stock
Fidelity
83
American
American
5.36
i
50%
-28
Aik
Bid
Far
v.
Inspect—10
Home
8
Homestead Fire
10
Znsur Co of North America—10
Jersey Insurance of N Y——20
Hartford 8teamboiler
60
-10
Alliance
American
10.62
4.82
Speculative series
4«k
87%
57%
»10
Agricultural
6.38
9.61
28.67
Bilk
84%
Surety
10.04
7.88
:
6.87
9.03
series
&
Life
Aetna
8.17
6.22
—
Casual
Aetna
7.43
Low
,> Eaton
Insurance Companies
Far
Aetna
Series—
priced stock common
Preferred stock series
1.84
54
r\
13.11
12,13
—1
seMes-
series—
Industrial stock
8,45
1.68
25c
20%
K 52
31.86
15.38
Selected series
"shares
67'A
18%
10.21
29.63
Fund-
2d
National Security
25.19
29 JA
65 "A
-
56.10'
54.98
—1
National Investors Corp
Bond
-
74 V*
2T%'
tk Bio (Grande com
Preferred
Preferred
Securities—
Natlon-Wide
40
J
72%
Fund lne-
Trust
Fund
Invest
102
y
100
Balanced
79
100
38
100
8t Louis & San Francisco com—
130.60
'
Sayles Second Fund —10
Investors
76 %
—
preferred
Denver
77
1993
4 V2s
8.09
127.99
Fund
Sayles Mutual Fund
Common
Mass
98%
74%
75-year 4%s.
8.27
7.46;
8-4
Manhattan Bona
7.21
94
2018
1st 3-4s income
Investors
96%
Chicago Rock Island 6c PacificCommon
;
•
.105
92
Grande-
Income
16.40
Low
Dividend
Rio
6c
13.80
14.88
Loomis
69
23,30
-1
:
Denver
17.08
Knickerbocker
149
103
5%
S-3
Income
Delaware
4'/2S
S-2
Loomis
37.28
66
S-l
Series
14.01"
3,170
6.63
1
Investment Trust-
Consol
1994
income
Series
4.55
3.95
Ltd
Pund
Inv
Income
34.91
Mass
Canadian
72
2019
1st 48
K-l
23.81
Series
112.71
25.66
45.69
23.09
108.20
23.86
41.71
21.07
70
San- Francisco—
&
Chicago Rock Island & Pacific—
11.22
21.72
Series
534
5%
—
America
of
2003
Louis
1st 50-year 4s.
97
Stocks
Series
8%
95
Alk'' ;;
Series
20.34
39.31
St
1983
Ask
Bid
;; Ask >^:;'-!
Louisville—
4%s
B-4
Scries
'
15.58
14.36
7%
18.92
36.56
Investlng.lOC
Foreign
Assoc'ted Standard
:
(Cont
Keystone Custodian Funds
11.43
lVc
Pund Inc
Affiliated
Bid
Far
««k
Bid,:
Par
,
Aeronautical 8ecurltie>
2nd
(When, as and If Issued)
Bid
Bos ds—
Exchange,
r
(Un) Unlisted
k Removed
t Ex-stock
Wheel Co.;
-
.0383
Sept.
1,
Was Oct. 1,
1946
1946
•No
par
value,
fin default.
furnished by sponsor or issuer.
tThese bonds are subject to all
Federal taxes.
AQuotatlons not
:
'
t
..
t. ■;
V
\
t
'-
i
•B,:
t-.
T H E
COURSE
decrease com¬
Preliminary figures compiled by
a year ago.
a
ends
ended
there
Friday of 12.9%.
is
the
for
440 in the
was
BY
TELEGRAPH
I94S
^ 1944"
$4,837,797,491
V
Cent
—12.9
Boston
308,786,278
347,672,217
—11.2
198,032,633
++20.8
St. Louis
156,836,952
162,300,000
.183,900,000
—11.7
Ban
246,665,000
319,963,000
—22.9
4th
260,941,934
—29.6
5th
of
Richmond
"217,911,196
—21.6
6th
—20.9
7th
8th
St.
-—14.7
9th
Cleveland
170.908.836
4—•
—
<■
129,122,894
Ten cities, five days
Other cities, five days—
,
$6,921,188,895
$8,111,596,274
1,932.859,700
Tot. all cities, five days
tt
cities,
■
,
Reserve Districts
'
8,769,350,790
$10,044,455,974
1,948,936,298
$10,961,688,487
Total all Cities for week
New
York
District
(including this city)
to
enlarge its totals by 20.8%, the Richmond Reserve
by 27.1% and the Atlanta Reserve District by
34.8%,:
ter
an
In the Chicago Reserve District the totals regis¬
52;6%, in the St. Louis Reserve Dis¬
increase of
trict of 37.5% and in the Minneapolis Reserve District of
47.9%.
In the Kansas City Reserve District the gain is
2d
New York
12
Philadelphia
$11,993,392,272
<
v
,
8.6
5.975,053,225
v
'
"
636,575,817
533,734,337
300,695,675
Atlanta
10
M
458,722,083
Yfs
Chicago
17
"
707,733,831
.'I
4
"
7
"
10
"
6
"
City
Francisco
"
cities
Outside N. Y. City—
255,072,135
monthly detailed statement of transactions
jbn the New York Stock Exchange is appended. The re¬
sults, for October and the ten months of 1945 and 1944
Stock, number of
4i shares
.'•R
Bonds >..•
Ten Months
+34.8
+ 52.6
Railroad & misc.
■.
bonds
1944
v--::^
.
'
.
+
.+37.5
V-
bonds
4 81,714,660
6,169,500
10,139,600
.
•
+34.5 '
247,400
+50.8
Total
bonds
V
+40.5
|
tt-(
■
YY 8,419,186,627
+37.7'
r
%
of
Cleveland
Reserve District there is
decrease
a
of
in
the Atlanta
Month, of October—
2.8%,
Federal Reserve District*
5,109,800
■
1944
.
:
Inc. or
,_14 cltlea
1,914,717,269
1,697,873,841
+
New
—14
"
29,812,947,085
23,418,988,431
+
•
27.3
—17
"
3,064,841,873
2,830,948,334
+
8.3
—17
"
2,630,976,947
2,706,816,461
—
5th
Richmond
8
"
1,423,452,839
6th
Atlanta
—16
**
2,000,006,841
7th
Chicago
—31
"
4,115,852,443
1,379,114,689
—16
"
1,445,584,058
1,198.442,094
—16
"
1,798,559,392
1,605,407,007
1,299.385,230
1,154,420,705
38,995,195
March
27,492,243
1942
1043
York
-
-
-
shares
No. Shares
8th
St.
18,032,142
17,811,394
17,100,772
27,643,038
32,612.585
February
12,993,665
7.925.761
9t,h
—
-
Minneapolis
24,434,084
10th
Kansas
11th Dallas
8,587,828
36,997,243
Louis
City
—11'
———
1,800,681,67*7
21,633,435,366
2,802,144,729
18,013,233,1319
2.8
i 2,729,554,142
2,537,636,090
1,259,161,243
+ 13.0
1,242,032,87b
1,865,932,574
4,275,303,617
+
7.2
1,263,276,360
1,751,885,697
3.7
4,200,074,217
3,778,502,860
4.8
1,325,566,409
1,299,899,909
+ 20.0
-1,020,747,817
Y 1,580,030,187
—
■
998,570,814
+
-
:•'.+12.0:
+
12.6
6.3
1,522,648,272
838,851,246
1,402,050,10(7
1,067,124,078
+
2,610,806,09)9
2,237,157,563
.'
986,170,622
'
12th San
1st
99,100,023
Zi.
quarter:
62,555,204
79,463,469
Francisco
29,507,254
13,846,590
33,553,559
7,589,297
32,024,018
17.228,380
35,051,545
37,712,751
23,415,845
7.466,443
^01,604,706
68.787,721
92,020,949
51.792.091
2,490,588,328
June
Total
It
quarter
Six-months—
200,704,729
July
19.977,030
28,219,705
<26,324,332
J—186cities.
N,
Y.
city
53,195,354,399
21.714.249
20.752 9"0
14.251.976
25,134,916
15,945,982
14,985,690
64,918,607
55,561,998
25,210,825
196,261,532 227,046,416
77,002,916
quarter—_—
Nine
months
267,530,924
35,476,347
17,533,817
of bank clearings
course
10 Months
Federal Reserve Districts
tt:'
4
FOR
t omitted)
1945
1944
2,298
2,140
Boston
1,634
1.448
1,873
2,007
1,425
7th
Chicago
8th
St.
9th
19,478
21,080
22,309
14,927
14,813
26(850
684
7,976
7,701
7,050
1,048
10,931
5,899
9,106
10,833
666
Cincinnati-
XJ4V
627
501
_
473
6,501
6,240
5,220
4,762
4,481
928
Minneapolis
849
830
-763
9,052
8,359
8,064
941
862
9,583
9,285
8,886
677
698
539
6,709
6,092
5,735
352
3,821
1,296
14,188
406
409
378
1,101
1,497
1,573
342
301
292
Omaha
371
321
327
263
3,287
83
£& 75
68
73
803
733
720
Detroit
—
—-
Providence-
28,003.812,280
H 281.
3,548
3,776
—-
.
9.0
M
18 870,147,657
17,643,700,202
+
7.0
15,453,681,746
12,676 ,926,436
"
43,213,754,082
43,359,634,486
0.3
13,447,544,938
9.882,174,146
12,841,011,251
+
39,356,498,880
11,827,600,132
33,603 ,173,364
10,050 ,518,986
-
4
7
——
4.7
9,098,238,853
+
8.6
8,597,544,989
"
16,835,295,253
15,609,381,891
+
7.9
14,874.204,719
"
112,161,691,269
+
10.5
9,822,350,314
8,076 278,086
.19
M
23,689,736,025
11,006,770,364
22,418,327,914
+
5.7
21,053,781,566
17,460 833,740
-
'
-A—cities;
507,547,961,933
457,482,613,262
+
11.6
416,060,073,888
338,066,951,231
Y.
N.
236,052,442,775
224,914,257,651
+
4.9
211,066,014,169
177,757,969,96
City
following compilation
covers
the clearings by months since Jan. 1,1945 and 1944;
-:
-
.
,
-
Outside
144
138
1,588
'
2,816
2,519
2,204
Paul
227
213
216
196
2,129
2,034
1,952
45,405,094,471
52,692,249,110
43,591,816,956
48,613,171,624
151,765,272,513
138,307,493,718
46,955,490,954
42.393.390.887
H^+ie^
22,809,158,872
21,290,328,895
24,724,776,875
21,177,844,835
U:;
+
4.2
8,4
24,992,691.751
23,497,285,956
+
9.7
70,895,313,461
67,596,773,723
+
■
;
235
2,668
quarter
April
May
i
'
:
51,713,728,303
June
59,341,864,091
—+—>+
2nd
quarter—
23,977,244,397
21,339,404^967
+
9.8
7.1
26,180,401,308
24,020,076,577
+
9.1
+
-
136,026,637,068
1,771
128
131
1,366
1,271
371
3,693
3,357
1,281
3,145
1,191
400
Memphis-
290
300
266
323
5,025
1,613
July -—
50,505,218,571
378
372
387
3,995
3,851
3,178
August
September
46,705,357,260
44,225,312,337
—
Hartford
:j! Total
121
125
123
4,250
1,179
1,167
988
70
66
61
60
713
687
656
3rd
—
Other Cities
—
619
—
,
■
73,155,577,633
23,134, 342,130
22,479 ,509,755
22,140,948,880
22,232 ,478.292
9.4
67,219,397,631
134,816,171,354
V 22,615.211,289
+
10.6
+
3.1
2,693
140
Salt L. City
—
144,050,891,094
6.4
5.6
+ 3.2
-
47,480,106,025
356
1,942
3,826
1,801
Seattle
—
Six months—
+12.9
+
274^33,871,786 -V
2,253
128
406
+16.2
+
158,011,083,350
309,776,355,863
2,440
142
461
7.7
+
22,997,931,928
+ 20.4
42,945,255,964
50,687,731,217
■
4.9
21,359,916,087
+10.8
I
1,652
260
U'"
"
46.102,505,138
1st
1,272
237
1,546
2,840
1,444
260
265
New York-
r.,.,i1944
1945
Inc. or
1944
1945
^
Clearings
Total All
March
695
•
144
317
-
—r
281
_
6,835 ,259,298
11,619 483,13b
"
_16
53,667,928,932
2,112
148
_
10,056, 779,338
-16
City
January
February.-
2,444
268
Ind'polis
Richmond
22,561, 376.39A
+
-
Months—
,
10,697
.
Milwaukee-
Denver
25,020, 494,928
12,171,176,255
MONTHLY CLEARINGS
2,794
16,003 a 14,458
3,079
2,871
3,120
3,052
3,323
Buffalo,—
St.
164,421, 021,360
/
13,272,023,769
-Clearings,
4.372
-
Louisville
N.' Orleans
5.7
2.4
"
7,637
;
212,016,504,325
+
8
-
Francisco
The
6,458
Y 956
840
3
+ 16.4
27,471,853,143
15,684, 806,26{2
17,197,241,426
+
25,747,062,638
11,609,790,873
4,005
•9
912
Kansas City
Cleveland
1942
S
%
7.1
+
28,249,709,011
28,135,591,422
5,186
437
435
29,846,109,505
,
9,143
624
12,858
6,916
11,132
12,115
10,342
1,062
Fran-
Baltimore
Dec.
-
23,924
Louis
_
Outside
13,396
27,005
years.
10 Months
1943
-11
Kansas
Total
17,556
15,985
::
31
uZtt-
Louis
12th San
28,555
20,752,101,646
10 Months
17,362,790,496
240,250,019,396
"
-17,
Minneapolis
10th
1.548
38,109,162,03j5
22,358,799,239
Inc. or
1944
18,601,365,497
279,592,528,370
"
.17
——
llth Dallas
1942
1943
.14
—
Atlanta
IN OCTOBER
1944
1945
-
16
6th
years, is
2,501
Fhilad'phia
Pittsburgh
•
—„
Richmond
York_$29,040$22,630$20,911$17,357$271,495$232,568$204,994$158,308
San
York
Philadelphia
Cleveland
5th
-Jan. 1 to Oct. 31-
1942
1943
Chicago
Bt.
New
.14 cltlea
4th
YEARS
-Month of October-
(000,000
Boston
2d
country for the month of October and the ten months
CITIES
v
10 Months
1945
$
at leading cities of the
BANK CLEARINGS AT LEADING
i'43,270,265,139
5.5
•
1st
15,932,595
13,922,678
landed with October, in each of the last? four
jbhown in the subjoined statement.
New
+
append another table showing the clearings by Federal Reserve Districts in the ten months for four
3d
1
October
The
+ 16.8
22,903,971,522
9,449,934
66,826,195
We
7.*,R7.341
September
45,534,784,226
24,155,522,504
:
8.373,550
August
3i"d
2,076,649,121
i.
Outside
t- ?
2nd
2,342,246,510
22,284,837
131,342,925 171.484,418
-19
—,
7,221,097
41,310,246
28,270,442
April
&
-
•
totalis
1,659,258,574
12.8
Cleveland
of January
by
are
1942
1943
V
Dec. %
-
-
Philadelphia
Month
7.2%.
of
6.3%.
1943
•
4th
No.
District
register a gain of 12.0%, in the Dallas Reserve Distridt
of 12.6% and in the San Francisco Reserve District o
2d
No. Shares
Reserve
by 20.0%. \In the Kansas City Reserve District the
In the
v
and
3d
'No. Shares
I
increase
an
3.7% but in the St. Louis Reserve District the totals
1944
Philadelphia Reserve District of 8.3%.
13.0%
$143,970,900 $166,618,600 $1,957,102,710 $2,231,308,000
v.:
4,047,814,010
88,931,000
6,622,250
1944
116,440,582
.
471,614,493
+50.2
4 The volume of transactions in share properties on the
New York Stock Exchange for the ten months of 1942
to 1945 is indicated in the following:
1945
239,792,466
124,040,869
larger by 4.8% and in the Minneapolis Reserve District
'1st;■ Boston
.'.
170,791,816
253,560,160
V.
'
;
In the Chicago Reserve District the totals are smaller
,
1,268,500
-
523,018,894
250,924,829
•
189,005,851
but in the Richmond Reserve District there is
&
U. S. government
263,294,209
>
'
3,505,094,151
.
+ 47.9
+
169,089,695
229,080,024
117,090,137
380,700,192
7,080,023,440
4,826,434.228
and in the
*
;
237,231,883
'•>
-
"■
aggregate $45,534,784,226.
In the
New York Reserve District the totals record an
expan¬
sion of 27.3%, in the Boston Reserve District of 12.8%
$132,562,800 $160,201,700 $1,868,765,800 $2,137,267,200
Foreign govern't
541,841,174
305,658,716
354,399 and the
213,795,349
-v
..
-
•
increase for the entire body of clearing houses of
16.8%,
the 1945 aggregate of clearings having been
$53,195,-
*
U bonds
492,477,871
,>:t; 363.558,250
«
We also furnish today a
summary of the clearings for
the month of October.
For that month there was an
—
1945
303,007,271
•■'' + '
'aC},.
561,563,666
v
:
Our usual
Month of October
1945
1944
35,476,347
17,533,817
3.680,022,80f7
506,885,574 +
'
•!T
follow:
0 Description
i
4,519,868,109
595,656,120
+27.1
:-'-v+
340,422,555
463,726,133
10,634,148,580
—
•
238.661,284:
176,612,641
534,711,063
ill
—...
••
47,676 40.551 38,501 33,764 455.253 409,360 377.484 300.913
5,519
4,986
4,778
4,345
52,294
48,101
43,668
37,153
—
quarter—,——
Nine months
'
■
45.908.538.888
47,365,675,840
137,613,957,250
144,576,251,671
+
■
—
1.5
1.7
1.0
5.1
67,846,330,177
67,194,114,774
+10.3
/ '
411,947,829,036
454,352.607,534
22,437.954,605
:■
211,897,221,271
202,010,286,129
+
4.9
+
5.5
+
'
all—
Total
]]
53,195 45,534 43,270
38,i09 507;547
457,482 416,060
338^066
October-
24,155 22,903 22,358 20,752 236,052 224,914 211,066 177,757
Out. N.Y.C.
53,195,354,399
——
Ten months
^
45,534,784,226
-
:' :
at—
First Federal Reserve District—Boston
Month of October1945
1944
$,::
Me.—Bangor
5,282,718
Portland——
—
River
_
Inc.
+ 17.2
6,699,644,
3,069,332
2,854,716
2,921,704
Bedford
;
New
f
Springfield
23,767,160
Worcester
16,149,120
7,066,540 i
New
43,112,413
38,139,640
9.9
145,391,730
150,772,541
14,927,410,991
+
26.7
+
24.5
24,461,463
22,985,424
+
3.e
3,682,632
+
2,663,763
+
7.1
363,645,572
257,735,759
+ 15.7
1,489,015
880,562
533?842
3"l5?128
v
%,
54.7
+
675,429
1,044,921
13.0
—
.
Dec.
11
+•$•/•
38.3
'
42,997,566
"■**
Inc. or
1944
1945
%
+41.1
+
69.1
1943
V.';V
•
+
3,010,082
6,022,459
287,672,350
1,134,203
295,289,681
v
21,285,556
8.0
+
8.0
+
8.5
7.9
59,720,447
55,282,697
+
20.7
206,853,168
190,671,997
+
"+69?4
480?570
1,165,872
997,368
+
64.3
4,071,235
55.9
4,172,838
2,913,137
1,160,279
122,714,583
+
18.2
2,350,946
66,307,507
: 26,891,940
7.0
713,184,187
687,772,785
+3.7
15,876,572
11.279,753
+
40.8
+ 24.8
291,976,499
266,309,640
+
9.6
6,625,784
4,528,064
+
46.3
13,271,418
5,572,925
6,984.400
+11.9
75,804,200
73,960,500
+
2.8
I.—Providence
H.
H.—Manchester
—
83,472,200
75.902,000
10.0
803,549,600
34,009,847
733,996,400
+
9.5
19?163,000
12JB89,300
+
48.7
14?050,300
cities)
+ 15.2
842,961
3.593,687.
1,914,717,269
.
+
+
2,854,198
+ 25.9
1,697,873,841
+12.8
:
145,083,383
18,601,365,497
29,526,779
17,362,790,496
+
7.1
•*23,983,050
+
;
420?96O
+16.5
3.690,597
+
+13.9
869,526
I
~
11.4
+
+
;
'I
577,816
666,263
;
1
«
~
21,948,821
•
19,690,709
14,177,802
1942
v
$
1,352,215
6,062,057
3,664,479
33,562,684
R.
(14
-Week Ended Nov. 10
Dec.
6,611,909
-
70,922,537
Haven
Waterbury
ToUl
22,903.971,522
224,914,257,651
7,815,200
Conn.—Hartford
t
24,155,221,504
236,052,442,775
week ended Nov. 10 for four years:
Inc. or
1944
$
V,.— 2.3
2,465,000
Lowell
1945
15,985,464,484
49,768,652
5,288.606
Holyoxe
?
V
+ 12.8
+
1,448,301,280
)
or
Dec. %
14,968,371
;
1,634,003,030
+16.8
+11.0
Jan. 1 to Oct. 31—
4,508,415
16,458,701
Mass.—Boston
Fall
$
;?
457,482,613,262
507,547,961,933
We now add bur detailed statement showing the figures for each city for the month of October and the
Clearings
■
344,045,41?
•
308,064,390
-10
—
+.
i
s
•
'
;■ .;Y/' + 34.3
Ys+ 20.8-
441,664,879
328,198,161
250,064,307
.
1942
334,789,083
+61.9
236,510,813
y
-1943
+
.'+42.0
;
473,809,706
"
-
or: ■
■
"
Louis
Inc.
*
6
Total
in the
.
-
298,658,672
3,690,609,350
7
.
12.5
+
"
1
1944
423,983,050
10
12th San
—12.7
—
■
$
12 cltlea
Kansas
totals
District
1945.
1
Boston
10th
the
show an expansion of 61.9%,,in the Boston Reserve District of 42.0% and in the Philadelphia Reserve District
of 34.3%.
The Cleveland Reserve District has managed
increase of
-
,
1st
3d
We group
SUMMARY OF BANK CLEARINGS
_
Week Ended Nov. 10
4.4
—
2,192,337,697
day
one
not avail¬
Outside of this city there
11th Dallas
All
an
.
Federal
—18.0
-163,293,223
1,848,161,895
f
_
—+12.4
"
Baltimore
the
was
increase of 62.5%.
an
according to the Federal Reserve Districts in
which they are located and from this it
appears that in
the week
as
are
having recorded
the cities
37.7%, the
Minneapolis
Francisco
Pittsburgh
center
has to be estimated.
cases
Cleveland
183,647,271
,
CLEARINGS
.
553,000,000
City
\
34.5%, in the Dallas Reserve District 50.8% and
bank clearings at this
San Francisco Reserve District 40.5%.
;;
In the following we furnish a
summary by Federal Reserve Districts:
Chicago———-.—^-.—,.
Philadelphia
Kansas
<;■' t •
Accordingly, in the above
week in 1944.
same
$5,206,805,149
539,076,922
674,000,000
————
much
as
For that week there
increase
an
472,124,143
-
'
50.2%, the aggregate of clearings for the whole country
having amounted to $10,634,148,580, against $7,080,023,-
,
CLEARINGS—RETURNS
today, in
Saturday, and the Saturday figures
ended Nov. 10.
week
Our comparative summary for
Week Ending Nov. 17—
tt *v •(
we are able to give the final
complete results for the week previous—the week
and
week in
same
decrease
a
the week follows:
New York
¥ f
p
present further below
we.
Our preliminary totals stand at $10,-
this center
•*
In the elaborate detailed statement however, which
|
corresponding
961,688,487 against $11,993,392,272 for the
At
"
B ANK
able at time of going to press.
the last day of the week in all
possible to obtain weekly clear¬
ings will be 8.6% below those for the
1944.
'
'1
OF
We cannot furnish them
day, Nov. 17, clearings from all cities of the United
"week last year.;
v
Complete and exact details for the week covered by
'the foregoing will appear in our issue of next
week.
country, indicate that for1 the iyeek ended Satur¬
States from which it is
v
■
i
based upon telegraphic advices from the chief cities
us,
of the
i--K'
THE COMMERCIAL & FINANCIAL CHRONICLE
^ Bank clearings this week will show
pared with
'»
'■>
•
JVolume 162 ^ Number 4439
481,092'
298,658,672
,
2,665,237
11,910,776
5,533,883
15~12A500
+:75.2
679,125
561,978
42.0
334,789,083
344,045,419
+
v.V
-
•■>.
-
1945
1944
/
Week Ended Nov. 10-
-Jan. 1 to Oct. 31-
-Month of October—
"
'V
v.'V?
#
;
1944
/:
1945
Inc. or
■
Inc. at
>;■
#■
.'•
•
.
.
'
4,995,999
29,812,947,085
Elmira
f
•
York
New
Rochester
5,232,897
29,040,132,895
55,287,059
30,505,633
6,913,814
40,253,742
v
"
Syracuse
Utica
—
.
Conn.—Stamford
If. J—-Montclair
2,041,318
119,393,519
.169,326,274
V
Newark-
J.
N.
Northern
—
;
2,816,298,949
49,945,320
48,163,576
76,233,794
?
J
4.6
—
23,418,988,431
•
Jamestown"
+ 52 3
281,530,092
4,707,514
5,205,251
22,630,812,704
5
51,332,672
29,318,118
5,858,745
32,529,839
1,994,727
US',042,070
178,415,721
4,085,113
268,671,000
x* 4,310,712
;
779,388,350
;
8.4
^
+
0.5
28.3
+
7.7
;
.
4.0
+ 23.7
2.3
+
+28.4
+
14,469,678
6,732,169
81370,385
<: 571,553
28,593,741
37,203,340
7.1
+
6.9
+
3.8
1,254,032,887
1,176,993,069
—
5.1
1.710,547,303
1,676,401,376
+
47,890,416
+
Total <1* cities)
240,250,019,396
+
3,538,274,887
4,371,372,617
12,466,851
"■■■;'V
+44.8
•
>
:■;>
6,599,851
5,152,776
.i.if
16.4
323,525
';
+ 22,3
r
27.3
+
1+5,425,373
369,707
354,127
76.7
+
'-V
f
25,165,869 i'
+41.8
Jv
29,211,042
27.4
+
r,
33,822.842
•
,
-
i
24,188,087
V '
33,969,456
+
42.2
.+
J
61.9
5.1
3,690,609,360
>
.
+
583,405
5,975,053,225
&
District—Philadelphia—
Federal Reserve
Pa.—
Bethlehem
^
*
Lancaster
•————-
Lebanon
III
*
,
9.9
'
8,461,732
13,505,336
Scranton
—
7,490,821
Wilkes-Barre
——
I
York
8,349,220
2,370,525
,
_
;
Pottsvllle
/
Bois
1,066,590
4,275,115
———
Hazleton J,
—-——
25,176,721
23,500,000
Pel.—"Wilmington
J.—Trenton—
N.
17.5
+
2/931,000,000
Beading
Du
+
8,914,363
2,447,440
3,118,595
2,712,000,000
7,043,941
12,624,936
6,442,095
7,948,210
1,836,079
800,000
3,172,862
23,302,977
18,693,900
3,465,523
.
——-
Philadelphia
Total (17
—10.4
+
8.1
+
20.1
3,680.022,807
4,519,868,709
5.8
v;/
'
682,196
1^86,066
ll756,587
+ 34.0
561,505
+ 17.6
11935,409
11399,407
"+3*8.3
462,000,000
6.9
+
+
7.8
+
7.7
-
10.7
+
134,354,034;
+
+16.3
74,222,890
5.0
83,608,867,
75,384,383
+
29.1
+
33.3
9,317,924
+
34.7
36,632,473
+
8.0
243,839,464
+
25.7
+
8.3
546,000,000
957,773
96.1
1.551.874
1.386.378
3,293^|66
2,477,979
+
32.9
2,632,287
2,345,219
1,885,014
1,213,898
1,459,859
+
55.3
l,02i,3a9
1,617.651-
1,976.499
4.4
2,077,334
+ 10.9
+
+ 42.3
1,291,785
+14.0
16,742,738
7,593,990
32,957,828
239,934,833
242,696,800
19,078,344
580,000,000
1,878,628
4.3
+
71,113,379
+
619,?0®66
17.5
+
128,871,097
5.7
+
69,473,573
3.5
—
r-
+ 11.2
1.6
+
6.2
+319,9 (jO
2,493,700
+
73.2
4,383,300
5147+600
29,846,103,505
28,249,709,011
+
5.7
636,575,817
473,809,706
+
34.3
535,656,120
561,563,666
+ 17.7
189,181,578
8.0
3,974,113
3,240,792
+
22.6
3,591.428
3,365,7.71
5,220,620,591
9,583,250,668
796,329,200
37,065,181
175,162,216
4,762,801,579
+
5.9
+
9.6
106,308,907
80,370,294
+
32.3
83,323,836
9,285,407,380
763,085,800
35,648,947
15,274,757
98,458,274
+
90,486:501
178,772,429
15,244,500
227,681,900"
—
■
District—Cleveland—
Federal Reserve
Fourth
Ohio—Canton
Cincinnati
—
I
—
i——>
■—
Toledo
Pa.—Beaver Co. —
Greensburg —
—
>
--
+ 24,1
2,630,976,947
106,555,256
7.1
414,489,991
+
7.7
15,184,493
+129.3
8,323,964
10,931,258,031
128,136,169
—
2,706,816,461
—
Ey.—Lexington
Va.—Wheeling
7.0
2.0
12,582,200
2,820,191
4,195,674
2,373,308
+
188,472,176
;
13,541,700
". +18.8
3,838,721
9.3
+
J
1,751,802
2,012,155
2,970,878
2,998.084
13.5
?,—
5.5
5.1
+
8,401,145
37.4
+
——————4—
9.4
+
—
0.9
—
210,62ll503
1.8
—
—
134,219,197
w*
■
17.0
16.6
+ 18.7
158,760,593
17,284,500
4.0
+
11,132,470,051
jf 180,4981971
199,024,302
213,807,683
16.7
4.5
—
+
5.3
+
30.1
116,283,229
+
8.0
28,135,591,422
27,471,853,143
+
2.4
533,734,337
+15.0
+ 3.0
1,910,084
7,702,000
160,856,474
119,205,549
4.5
2.8
.+
188,529,449
4.4
+
161,056,197
94,816,14G
438,676,683
14,451,425
-
3.2
+
+
152,766,648
91,514,856
107,641,842
2.3
+ 23.7
—
■
(17 cities).
17,874,150
114,796,715
176,180,183
+ 12.5
1,519,127
438,473
14,090,496
1.0
—
38,297,437
9,787,461
11,883,882
—-
—
Total
10,644,931
17,837,570
9,316,809
+ 14.5
1,060,587,676
13,026,605
14,417,384
"7,913,704
11,374,678
-Oil CRY
W.
+ 19.3
986,239,134
12,769,942
Pittsburgh
Erie
1,743,589
—
3,898,469
12,191,738
22,143,490
10,480,915
35,581,738
1,636,383
1,005,325
,
—
■
—
4.6
6.5
+
69,622,500
2,080,894
Lorain
Newark
—
74,117,800
3,860,994
-—-—-—
Mansfield +
Youngstowa
+
473,646,842
956,354,542
912,472,367
Cleveland
Columbus
Hamilton
16,176,125
19,044,865
501,589,523
'
419,873
532,972
662,182
660,340
25,085,361
29,680,231
27,005,000,000
379,753
634,797
946,540
695,990
2.9
—
79,576,642
'
81,641,872:
+
X'
3.0
—
123,197,666
s
27,759,024
31,966,835
28,555,000,000
11.1
+
2,830,948,334
3,064,841,873
cities)
34,944,443
131,644,470
85,800,656
—18.8
3,665,401
11,908,647
2,795,183
——-—
Norristown
38,896,629
2,977,732
,
V
—18.2
829,336
12.8
+
26,339,394
40,085,103
35,975,993
29,719,680
13,994,999
9.796,949
4
"
_i
Chester
Harrlsburg
13.0
+
2,783,403
4,245,485
3,144,199
3,471,228
-
a;——
'I
TMrd
'
10.248,732
.
•'+20.6
Oranges
",;p
-,'■>. 961,360
9.2
279,592,528,370
.
2.0
43,844,961
1,234,791
.
1,018,643 J
t.
8.6
+
1,264,540
52,400,000
1,312,290
>
;
1*67.8
20,168,006
24.8
9.2
+ 62.5
6,941,489
2.9
+
.'»■&
5,090.023
/
56,014,000
7.6
+
•
721,6^6
:
3,574,929,289
8,623,854
4,649,175
+
5:
if"
4,503,300
£y.J> 1,361,080
^•a;+«5.3:
39,460,000
834,896
;
5.807,714,352
+
-
'
-
898,546
1,509,882
-
+10.2
330,682,673
18,314,074
W'
•
6.6
+16.7
.
19,896,824
>
,
3.7
r.
'
50,662,000
0.9
+
—
52,073,562
232,568,355,611
522,101.999
289,068,276
: 54,627,348
271,495,519,158
575,427,363
T
297,465,356
62,185,833
354,054,101
+ 18.0
—
1,365,070
fl.983,211
S
*)•
+ 383.4
3,381,318
16,344.358
38.8
+13-3
;
'■&/.
53,642,716
+
"\+.
+
561,481,977
67,273,921:
2,840,636,973
—20.8
5,480.914
:v
8,348,483
jBuffalo
;'/
./■
-
72,674,951
57,533,740
H. Y.—Albany_
Btnxhamton
1942
v;:,,;Dec,Tk
.•-•V/vV;,;" •
pwaringsat—
York—
k
*
+
1943
Inc. or
1944;
1949
Dec. *
•
Dec. %
flecrai Federal Reserve District—New
Monday, November 19, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2430
xrfV
-—,T/:
<
441,664,879
+
20.8
i"
+ 93.8
492,477,871
506,885,574
1,084,985
:
District—Richmond—
W
Va —Huntington
<
L 6,930,401
V. JNotfoi
-"--I-I
33,063,000 :
Richmond
"
" 461,983,339
Federal Reserve
PWth
^CSSleston
rnJnmbia
f
——
18,701,579
+ 16.4
•
■
#
13.7
+
406,317,459
9,528,317
+15.0
16,266,531
7.5
2,862,533 y ,.
222,624,801 r
Frederic*
c.—Washington
;
2,418,985
18.4
,
,^284,077,000
;
.
>c
^357,930,381
24,868,549
2,012,352,740
W +10.0
94,203,133
146,343,628
6,501,464,245
23,763,861
1,707,266,172
'
6,916,512,558
+
.
56,127,835
.
.
+ 14.3
:+
Ud.-BaItfmSre
o.
10,894,049
6,194,996
28,394,000
•
64,540,892 +
292,551,000 }« :
3,693,191,522
105,462,746 » *.
162,543,762
+ 11.9
+12.0
170,032,989
+ 30.9
1,259,161,243
+13.0
13,272,023,769
587,642,768
1,739,024,124
6,793,812,993
493,426,588
5,845,000
6,004.000
+
28.3
5,887.600
+
4.1
79,583,368
69,698(923
1,747,508
+
39.9
2,350,128
.2,281^03
"+3+6
128,"82ll039
122,552,858
~+~62.0
37,3451615
—
10^037,718
146,736,641
+
12,171,176,255
9.5
+11.1
+ 6.4
4.7
+17.9
v>'
1.022,284
87,124,005
90,682,066
2,444,428
•<
985,415
51,220,456
35,6301921
.
■ 1
.
'
.
' ,.J Nuw
'T-
1,423,452,839
Total (8 cities)———————
'A
+
236,510,813
300,695,675
9.0
+
27.1
237,231,889
255,012,135
.4
Sixth Federal Reserve District—Atlanta— "•'*
187,153,602
720,200,000
: 12,151,210
11,407,185
Nashville
Oa.—Atlanta
Augusta
Columbus
Macon
——
—
10,038,162
224.621,874
13,591,890
286,590,161
——
—
Pla.—Jacksonville
Tampa
Ala.—Birmingham
Mobile
-—-—..
Jackson
Meridian
Vlcksburg
La.—New Orleans
(16 cities)
Total
263,288,706
21,751,260
9,675,654
13,511,000
17,028,805
3,468,483
1,466,138
4,317,336
1,452,710
406,904,249
—
2.000,006,841
-
+
409,652,096
1,865,932,574
7.3
+
7.6
+
3.5
—10.6
+ 10.6
+ 31.8
187,236,666
2.8
+
8.9
+
5.7
—
+12.6
24.5
,
^
0.9
—
0.7
7.2
18,870,147,657
+
,
10,298,367
30,749,334
+
41.6
9.2
+
5.5
+
+
Arbor
Flint
.
Grand Rapids
Jackson
Bay
1.3
2,5Q5~318
1,6227581
+
9.3
53,582,465
37,064,515
+
7.4
13~123~311
+
0.2
4,604,953
+
Gary
Indianapolis
South
Bend
Terre
Haute
Wis.—Madison
Milwaukee
_
Oshkosh
Sheboygan
—.
'
Watertown
Manitowoc
la.—Cedar Rapids.
Des Moines
Sioux
City
Ames
Ill1
—.
Peoria
30,271,898
+
1.2
7.0
7.2
+
257,640,050
1.0
43,816,551
—13.3
163,550,296
70,034,824
8.1
4.1
+
+
14.8
128,334,570
.
+
10.7
18,666,936
37,596,861
9,100,958
144,879,183
2,626,397
4,224,956
663,723
+
60.4
+
26.0
+
26.3
+
2.8
-
1-.5
28,050,949
46,452,160
7,211,066
6.6
+
0.9
+
24.8
100,318,714
700,074,956
+ 26.9
342,118,757
+
:
+ 10.5
10,592,539
+ 13.5
34,519,456
+
2.8
+
4,275,303,617
IgL—Louisville
,
■
+
3,217,224
51.3
542.132
626,889
3,990,880
+
59.2
4,851,543
4,9937178
+
3,750:426
3,1*657646
;
~
—f---
,
■
,<
■
•
..
•
3,161,482
i.m7|2
28,656,000
3,758,571
31,575,000
4,094,652
+ 42.7
7,085,769
9,050,5^3
+ 39.5
31,475,586
+ 44.9
2,524,939
37,400,000
3,542,144
0.5
'
:
r
*3,659,023
7.5
+
*+ 36.5
2,357,221
,
22,908,000 1
8.0
+
"
j
6.0
3,887,976
11,363,317
'
8.9
;
26,903,722
.
11.7
2.7
+63.3
—
<
7,962,147
37,533,313
+ 27.2 "
+
+
•'
•'
■'
">
♦:
f
7.1.
+
•
+
11.7
*
.
''
.;'
—10.1
, •
*
T- T
-.•*
—
7.8
/
6.3
2,482,408
+
7.2
19,090,541
12,428,018
8,360,373
5,796,259
+
-
.
5.9
+
3^
i;
266,399,456
!*'
101,672,896
83,629,168
."":+ 5.2
10,101,959
43^13,754,082
43,359,634,486
+
—
5.8
<-
V
-
•
V
"
■
.
4.852,045
1A
1.8^87,774
^ 4,222,311 ;f "
+14.7
—
,
:
'
+
,
+100.T
2,103.322,
404,316,315
<
2,459,780
v
2,326,070
5,820,963
„
-r"
4,801,465"
1,976,796
18.2
54.3>
...
1,781,262
M
517,171
565,407
424,547,417
54..7
40.1
+
7,044.238
; A^.%;;A:2,748,894^Y;:*
>
+
+
357,452,885
3,463,212
;
vW-
—L6
...
781,813
789,478
553,141,014
•
+ 10.0
8,810,889
3.7
7.0"
.
4,880,868
+44.2
" "
*
+ 13.8
++
+ 14.7
v.
•
+10.2
87,571,470
—
53.6
+
"
106,985,321
91,974,270
8.9
1,345,162
14,192,418
+ 30.6
1,901,399
+
303,031,236
2,122,006.
2,018,940;.
21270/854
""""
:
523,018,8^
"707,733,831
0.3
463,726,138
+
52,6
541,841,174
175,10Q,QQO
132,400,000
+
32.3
152,700,000
137,500,00$
64,066,049
59,585~184 •
fr.il.
s7x'
760,871(685
290,389,793
920,091
300,887,014
656,466
—5,351,000
1,445,584,058
i 7,976,097,354
-
+ 13.3
5.1
12.8
301,939,194
Total (7 cltiesL
+
6,054,660
4.2
+ 16.1
215*878
+
468,840
.
•
'
+ 25.3
>
305,658,7^6
4.0
—
—
28,013,857
22,309,231,030
—30.9
342
+
42,124,310
172,362,775
73,119,920
7.4
774,552
ri-m
363,558,250
75,029,2501
-r-
9.3
—29.8
8,858,778
SWMksonrnie
Qvmer
712
q7ft7?a
..
.
34.8
221,747
I V
799.613,860
.
+
,
'
+
+
v
independence
+
(
22,844,420
2,263,455
9,177,682
65,522,495
30,949,126
,
8,921,474
960,626
pw Otrardean
73,899,607
88,024,788
*
102,417,295
6.8
+
+
'
43.6
32.3
1
+ 16.9
251,071,024
1,588,299,557
+ 17.1
+
1,101,409
—————
+
+
:
—11 3
1,271,239,982
170,090,766
358,535,962
91,665,967
1,546,223.382
26,184,287
.41,578,516
8,021,120
24,782,636
94,354i448
653,017,090
310,383,722
9,999,878
33,456,517
25,970,357
21,080,779,849
+ v
94,519,242
455,992,109
+
■
'
40,500,842
137,015,170
170,992,142
9,883,677
Wfhtb Federal Reserve. District—8L Louis
'
145,178,581
271,169,248
1,366,148,932
4,115,852,443
Total (31 cities).
+
42,264,012
+
—
11,144,746
Sterling—
*5LT"Btuf/0U,i
—
709,312
+ 12.1
235,671,132
+
15,387,411
34,987,902
'
—
Springdeld
v
321,354
340,422,555
458,722^383
16.2
22,888,049
4,411,555
—12.7
47,365,237
11,493,707
148,879,443
2,664,484
4,947,981
708,896
2,412,23d
10,033,393
81,742,385
39,283,891
1,256,725
3,608,120
3,322,946
...
Rockford
5,199,751
I
+
3.6
8,792,828
0.9
3,079,844.313
56,465,647
+
I
7.9
7,701,276,150
54,219,213
,
-
"
4.1
r-
-.t
v
A.
p.i
\
■
-—
.
—
8,874,990
3,323,384,287'
2,025,526,784-
3.5
1,942,961,210
40.2
5,127,000
+
4.4
49,969,359
1,379,114,689
+
4.8
13,447,544,938
3. r. i:.t
xif..'-. V':
■vv:
+
.T
74,504,283
4.3
N
.
.
56,7*33,864
.w
+
31.2
+
48.343,417
77,233,378
52,809,645
45,375,160
59.8
'
+
.
7,226,517
"
.i,.J
t
;». r
6,066,537
+ 19.1
47,851,000
V
r1
.
r
;
•
\
J■
.V '
4.4
12,841,011,251
• h
-
'..
-
+
'Id
.
328,198,161
4.7
(."A;'■f
if
+
1,184,003.
1,360,000
■■■■'■■
-
/
3~Irrn.
+
7,177,471
V
,
7,198,316
4,474,243
13,330,065
25,966,052
2,298,200.541
—-
4,802,608
+
+10.8
27,004,078
16,003,921,943
75,527,162
9,717,603
Chicago
36,9727373
3.1
4,465,837
+30.0
3,776,535,247
88,256,181
^
Bloomington
50,T057004
-
1.9
—
17,643,700,202
14,188,630,246
1,137,256
3,179,971
3.232,870
2,140,081,718
21,918,955
30,134,464
-
32,233,793
38,760,127
"+"3*4~.l
5479"66~,932
461,357
97,766,675
+ 62.0
r
Aurora
Decatur
18.0
+
16,010,733
4,109,620
13,871,549
+ 29,806,621
142,030,352
29,943,314
Wayne
n~70o76bo
2,2p~145-
44.6
+
4.4
+
•
:—26.4
■
2,564,505'*
-
6.2
—
10,855,675
2,718,890
1,497,670,890
6,284,837
..
City
Ind.—Ft.
1,101,858,064
' 11,627,568
26,597,509
4,368,688
13,887,991
Lansing
Muskegon
2,641,146
"+5474
110,400,000
128,400,600
+18.8
-*e?:
3,207,272
—-—-
Detroit
35.0
2,434,028
124,600,000
2,891,153
Seventh Federal Reserve District—Chleaga—
Mich.—Ann
"35,272,079
13.9
+
..
6,071,122.
10,220.234
38,139,401
+11.0
43,552,033
168,200.000
4.1
+
2,361,212,797
204,888,959
78,678,857
128,969,000
144,064,325
30,044,998
33,293,378
11,637,912
3,821,250,564
+
+
6,220,900,000
105,090,268
87,277,835
88,342,676
2,094,820,671
148,947,808
87,195,537
2,290,090,544
158,184,944
2,536,611,225
205,254,380
82,146,543
126,479,000
+19.4
11,434,758
+ 19.1
1,669,869,345
110,888,063
99,399,016
+ 16.4
11,224,847
188,181,845
13,224,110
/
22,445,242
—
11,745,252
9,793,692
14,937,000
Miss.—Ha tliesburg
+
,
20,507,034
10,894,985
—
Montgomery
48,194,067
174,451,466
669,500,000
52,794,201
Tenn.—Knoxville
l7i"53700O
i7oTo7ooor
263,294,209
14.9
250.924.829v
A
r
/
/
+ 37.5
238,661,284
..
.:
'
'
X
^
v
'i
;
'
Number 4439
Volume 162
.ft
-
THE COMMERCIAL & FINANCIAL CHRONICLE
-Month of October1945
Clearings it—
vi''•
Ninth
Federal
i
j.'
24,816,750
20,941,234
;v
2,620,491
+ 30.3
213,724,779
2,497,999
3,082,000
2,632,713
1945
Week Ended Nov. 10
1044
Inc. or
•
1943
Dee. %
V
9,531,747
_«
Falls
S
+ 18.1
4,997,346
>:
+ 27.8
{-
+27.4
10,603,150
{;
118,478,122
+ 46.7
131,450,343
53r3~9~3~823
33,6447266
TB8.7
42,1837456
; 42,454/762
4~<641,271
27933,096
58.2
,37292,721
37560,951
1~969,377
17331,636
"+"47.9
LM8.754
17340,346
+ 16.4
+
2.8
4,886,623
+
10.5
ft
22,772,420
'77,013,448
•
173,792,844
6,136,685
110,276,205
23,808,028
161,225,511
■
6.8
.
"+
.
0.6
+
22,966,725
64,281,311
123,778,133
135,186,334
4.6
—-
24,794,000
*
■
r
.
5,973,885
+
24,942,900
+ 32.6
7,057,595
+ 10.1
.
23,554,848
150,285,480
8.4
+
7,189,529
-
13,546,377
"
+ 26.4
,
1942
9
7.2
2.034,982,675 V
5,397,688
•
i\ +
6,092,565,553
j
27,417,097
+ 16.5
2,852,472
'
r
v
2,120,307,407
24,476,184
0'-09A0
14,604,682
2,844,000
18,453,880
D.—Aberdeen
Inc. or
•ft, 183,771,761
196,919,091
6,709.113.147
6.3
+
561,876 ;v
654,406
__
Forks
Bloux
t
;/•■;+18.5
.
677,676,236
Minot
8.
.
2,733,630
Winona
Fergus Falls
N. D.—Fargo
1944
Dec. %
3,415,356
840,459,649
_
Paul
Grand
1945
Dec. %
*
4: +24.0
Rochester
-
Inc. or
1944
227,129.213
Minneapolis
):
'V
:
•
.
—
District—Minneapolis—
Reserve
Minn.—Duluth
Bt.
'
•.
.ftftj'ftftftftft
$;,,
2431
-Jan. 1 to Oct. 31-
0.8
—
+ 19.8
+
9.2
+
3.6
'
1,6?0,075
;-",r
11,872,508
Moot.—Billings
Great
Falls
8,989,126
ft Helena
Total
Tenth
Federal
Neb.—Fremont
ft
'i
16,478*500
ft: Cans.—Manhattan..
1,377,820
Topeka—.
Wichita
29,323,499
"
ft' Kansas
3.904,060
+
849,795.159
26,919,264
62,129,502
! 6,364,146
63,511,776
+ 19.5
ft,'
1,605,407,007
26.6
ft.
+12.0
<
11,071,314
,
+
4.7
42,123,684
+ 26.6
ft 62.426,348 ■>
13,509,000
>".:,+19.9 v.
+ 8.1%
ft 74,853,624
-
$4<598,000
512,527,285
•«.—•—•-—...
3,155,322
Pails
V
3,355,186
4,278,772
........
ft
378,562,845
+12.6
1997927,164
2,582,100,
ftft
7.2
5,916,258
;
3,411,516
; 5,406,179
+
ft
15970547527
*
1467294*,-796
0.3
6,800,353
5,556,140
$,384,664
1^383,476
308,064,390
3677
16974127866
+ 22.4
5,581,606
4,059,332
855,400
+ 61.9
1,049,842
1,203,157
874^095
"+6T.7
170127293
"9327035
229,080,024
4 34.3
253,560,160
239,792,466
+ 17.8
•
+ 10.2
+
7.9
ft
•
ft
39,168,259
•
ft
+
ft
.12,$61,601,269
2,185,442
2,368,689
100J238,364
8979467431
11.3
1973467837
1273037685
"+5772
127764^603
5.5
15,0307483
3,541,000
2,200,000
61.0
2,756,000
2.620,000
—
+
6.7
27378,744
+22.8
'
225,748,940
-ft
•;
+12.7
{ft
£3w7iIo
"+"82.5
17389,738
1,2997137
571297671
"+1976
;> 4,7067722
-.5,'1757842
50.8
124,040,869
116,440,582
63,792,542
+ 32.6
73,622,986
2,260,031
+ 56.9
2,269,730
77,743,213
1,914,095
72,201,512
65,218,180
257676,407
25,44*27894
.
ft
9.8
6,131,200
+10.5
176,612,641
117,090,137
ft+; 4.4
84,584,042
+16.7
11,006,770,364
h
+102.6
"+*49.9
-
25,251,679
;ftv
2,106,671
94^047,000
+ 11.8
62,591,496
28,469,946
6,268,860
140^940,000
—
4,394,855,676
ft
ft
9.2
+ 13.1
602,478,943
142,930,000
76,871,285
ft
.
,
+ 20.9
+ 10.2
••:+
429,073,716
ft
—
.
38,559,210
.
3,546,686
62,829,494
49,007,623
+ 28.2
307o78i447
217512,776
"+"4377
+
,
38,865,223
3,995,479.382 i
5.9
•ft + 19.3
+: 7.7 "-ft
96,023,858
*
+
31,965,000
3,151,826,406
X;>ft ft 1,250,120,854
ft t 324,532,250
+-78.8
106,301,390
116,473,980
+10.7
133,193,131
144,113,930
11,110,574
v
"
15,288,957
33,903,983 '
ftv
'
13,407,431
.Riverside
..——
11,945,980
i
39,945420
11,370,247
-
Barbara
6,234,637
2.9
+
97,436,416
198,833,357
6jf07,776
-
+ 28.2
-
ft
'
■m
9,"174",5527 f^*"~28~0
+ 13.5
305,445,840
;
+28.7
8.7
—
ftft"— 7.6
235,235,442
'
5.9
+
6.0
87,036,406
12,858,942,452
+ 28.3
23,126.9)8
i
6^383*,348
'
.+~8~2~.S?
2177294,000
+48.0
6.3
23,689,736,025
3217S7T006
6.1
+17.9
■
8,315,350
7,410,701
20.0:
3,309,970
ftft 2,011,916
+ 16.8
507,547,961,933
+ 18.3
457,482,613,262
22,903,971,522
+
5.5
''236,052,442,775
"224,914,257,651
+
t 6,632160
2,9427569
271,210,000
229~900,000
'
+ 12.2
4,966,020
,
4,837,783
"
+
•-
22,418,327,914
45,534,784,226
24,155,221,504
Outside New York.
2,342,246,510
53,195,354,399
—
•
4,656,552
.
>
+ 12.5
+
,
-
2,490,588,328
(186 cities)
10~34~7~636
$^0X248
ft
6,584,950
+64.5
ft,;
4,732,803
.
ft
1,718,504
1,461,669
4,945,146
+39.13
.•
cities)
—
+ 15.9
185,936,697
€2,727,668
12,115,392,394
259,089,843
rftX, 85,619,265
'
4
29,771,745
...
'ft
238,288^400 ft
0.0 70,079,315 ft
9.9
+
+
X*~399,770,032
ft
411,296,369-2
98,794,180'r
1.4
+ 14.1
65,025,610
1,179,501,670
+
+ 18.6
1,291,354,588 1"
'■'ft
'37,715,193
6,864,010
c
+
0 279,994,053
:
ft
+ 36.8
.
'
'ft
4.7
—
-
'
ft
ftX; 74,217,325
;+ 12.2
18,039,309
ft '
♦ ft
3,193,007,596
.
+ 27.1
+ 32.0
40,624,800
,
ft
1.2
0.8
+ 12.0
+ 15.6
24,674,939
7,396,755
1,419,353,968
''
:
85,739,872
■
-
+ 22.1
+ 41.6
—.
24,982,061 '
"32,304,254
Beach
—
3,826,192,597
104,221,905
121,657,755
7,691,308
Modesto
vPasadena
Grand Total
32.0
+
9.0
121,912,447
32.973,467
2,356,826
•
+
5.3
+
114,517,626
;ft? ;;247^828,826
+25-3
;
,
14,002,946
9,572,283
16,919,648
(19
8.3
+
+
140,981,478
Berkeley:
Total
3,480,723
61,880,802
"
—
.,-24,202,554
3,439,000
,
*+ftftft'ftft.. -.ft
179,195
*185,000
v
9.4
321,083,379
Calif.—Bakersfleld
Stockton
ft 6,363,957
10.8
4,871,000
w...
.
2,870,305
6,823,775
+
317,365,676
.ft 9,391,642
x
—
3,787,849
1.9
15,609,381,891
36,543,263
;
6.9ft ;
3,416,092
■
16,705,681:
——-
Santa
6.0
1,154,420,705
..—,
Francisco
'ft
3,737,655
63,779,493
District—Saa Francisco—
...
Jose
+10.0
+ 10.3
+
..
.
485,250,829
€70,352,051
136,056,000
+ 28.1 ft
-356,206,859
San
+ 31.7
—
83,800,980
—13.2 0
ft Portland
Utah—Ogden
Salt Lake. City
&
—
6,547,525
—
Ban
62,368,366
;
298,268
V
4.9
39,337,344
>
4,915,247,359
3,647,281
10,312,820
Long
11.7
24,684,848
Seattle:
;
+
1,299,385.230
(11 cities)
Arte.—Phoenix-
82,163,640
:
189,779
+ 39.3
4.2
,
4,886,353,049
ft
.
3,165,098
Twelfth Federal Reserve
Ore*—Eugene
+ 45.6
5.4
~
.
47,067,223"
2,440.440,671
92,385,995
•
"26,375,200
—
Yakima
+107.3
+
.
ftftftft
5,334,292,411
+ 11.6
.
458,902,052
8,386,540
Wash..—Eelllnghsm;
219,475
263,415
3,414,075
+
576,501,445"
16,835,295,253
'
53,347.225
—
ta.i—Shreveport
ft
170,791,816
455.030
8,878,083
0v ^138,393,303
29.9
+:
.
8,880,896
.———•—•—
Toul
189,005,851
367.031
277,297,284
43,595,343
56,378,699
519,272,571
GaLveston;
r>
+ 47.9
4,971,408
8,359,182,349
-
2,668,647,794
+
..
9,298,874
Texarkana
250,064,307
7.6
36,578,712
.
9,348,058
"
•
l75~12,483
5751*07384
+ A.1
335,074,144
'
9,052,399,243
377,220,951
-
579,30.1,813
"*
Wichita
328,568,066
',40,343,799
ft
2,624,947
■.
.ft, 14,376,248
Arthur
ft;
+ 20.5
Beaumont
Dallas
Port
150,437,260
^
■
679,404,642
51,858,081
4,075,180
1,798,559,392
Texas—Austin
Houston
1,693^696
4,2*397535
•
Dbtrlcl—Dallas—
Federal Reserve
Worth
11,309,174
,12,572,370
+ 47.8
4,306,181
r
3,323,737.,
—
+ 65.2
"+2775
Vr|'
M57*,534
8.6
+
"ft; 3,120,195,576
ftftftft 10,781,914
ft
13.126,515
/ 136,765,310
.ftv
265,591,636
Wyoming—Casper
Ft.
3,287,814,838
2.2
—
4,909,081
VA cities)
+
8,808,824
+ 22.8
Springs
17665,869
Sio62!821
169,089,695
2,751,863
-
+ 14.5
•
$75,143*943
ft
;+13.9
840,470
317,491,458
Paso
9,479,263
185,9~17~667
27.5ft; ft
1,032,168
ftftft Denver-"
El
ft
:
ft;v-^';3.1^ft{
+ 32.4 ft
ft" : +ft 9-3 ,.
30,662,283
.'ft- Puebio
ftft
5,304,900
9,098,238.853
;
■—23.9
928,788,255
-.
—
Okla.—Tulsa
ft
6,076,077
9,982,174,146
v
+16*0
1,431,063
; 5,168.541
Eleventh
+ 10.4
+10.2.
J
12,888,599
28,413,692
„.
Colo.—Colorado
+ 10.4
197,240,660
,
1,089,239
City
St. Joseph
Carthage
61,093,746
217,751,635
321,650,527 ft -ft' ;•:,+. 15.4^ v.
ft
+25.5
1,097,639
16,434,224
Mo.—Joplin
'
+ 22.4
'
Parsons
-
60,690,871
v+'36.6 v.'s'.^
■ft.
—___
V
13,293,508
^■'#67,429,335
-4 +20.0
960,502
19,13X997
371,182,661
Omaha
ft
957,682,
.
4 998,570,814
1,058,588
Lincoln,
7.7
+
•
dtp
-
Hastings
+-•
District—Kansas
Reserve
13,778,052
74,305,251
•
22,665,323
1,198,442,094
cities)
.
8,348,982
,
,1,308,400
(16
+ 29.0
+ 24.4
9,203,046
'
28,186,264
0 Lewis to wn:
■
1,279,333
4
3,545,428
5.7
534,711,063
380,700,192
+ 40.5
ft .471,614,493
410,643,991
+ 11.0
10,634,148,580
7,080,023,440
+ 50.2
8,419,186,627
7,341,612,246
4.9
4,826,434,228
3,505,094,151
+37.7
4,047,814,010
2,803,337,359
+
+
"Bstimated.
Company and Issue—
f-t
Redemption Calls ahd Sinkiog Fund
preferred
and
stocks
called
St.
Joseph Ry., Light, Heat St Power Co.
.bonds, due 194'/.:|—-------------
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 ^Chroniclei.*
common
NOTICES
Company
■
-i
and Issue—
OF
Salmon
-
River
Sunray
Oil Corp.
Orleans
{•
Sterling
First
.2288
30
_
1951--^
—_Nov
30
ftrst mtge.
2271
2271
2271'
3V28 of; l951--_-+_^--------------------Nov 30
Extended 1st mtge. 3Vas of I951-J-::—
—Nov 30
Springfield Division 1st mtge. 3V2S of 1951-—
Nov 30
2271
2271
.
Division
Omaha
1st
Division
trust
of
International
series
Paper Co.
and
A
♦Philadelphia
2271
Canadian
30
2271
Cincinnati Gas
30.
2271
1
2272"
1st & ref.
Detroit
due
Edison
conv.
debs.,
bonds
due
Dec
28
1670,
Dec
1951_
improvement
28
$808
mtge. 4%
'
Dec
1
2191
Dec
1
2191
Montana
due 1959—Dec 15
1932
Morris
due
Dec
1960
7%
prefeired
stock
Page
Page
2009
$634';
'
1
stacks
26
2138
130
2140
2142
3 ft ft
series,
due
2271
4ft#
pfd.
-
debentures due
preferred
1959—
stock—i-/-
Hotel
Co.
1st mtge. 3fts, due 1969
1st mtge. bonds due 1947
Power & Paper Co.,
—Dec
mtge.
2012
2013
7
* -
'
1
*
" *
1
1, '46
'
r
2144
bonds,
Nov
;
:
-
—Dec
I
2144
2016
Casket Co.,
Corn.
—Nov 24
Dee 15
-4ft ft
gen.
mtge. gold bonds, series, E,
3ftft
•V
Ltd., 1st mtge. 5fts
gen,
mtge. bond
'Daniel)
30
2144
2144
2145
:
1st
mtvft.
preferred
stock
5s__\
——
Illinois Consol.
1
2149
—Dec
15
1772
due
Dec 31
1893
Indiana
24
1
2020
Products Co., 3ftft debs, due 1955
Dec 10
Northern Indiana Public Service Co. 5ft
pfd. stock__Deb
6
Pacific Gas <Sr Elec. Co. 1st & ref. 3fts, ser. I, due 1966_Jan ; 1
2020
National Container Corp., 5#
15-yr. debs, due 1959
Nov
National Dairy Products Corp. 3 ft ft debs, due 1960—Dec
Oil
2152
2276
2187
Co.
bonds, series I,
preferred stock
$5
Telephone Co.
1966
1st
24 *
1 >
Associated Telephone
cumulative
preferred
Corp.—
stock
■_
2015
2148
due 1977—July 1, '47
due 1967—Jan. 1,'46
1513
1513
1
2271
-Jan
mtge. 4fts,
—
1639
>
Tap & Die Corp. $1.50 conv. pfd. stock
Dec
6
Haris-Seybold-Potler Co., 5ft debentures due 1951
Dec
5
Haytian Corp. of America 5% Income debentures
Dee
1
Houdaille-Hefhev Corp, .class A stock—
Nov 20
Houston Oil Field Mat. Co., Inc., $1.50 conv. pfd. stk.-Dec
6
Howes Bros. Co. 1st pfd. stocks, ser. A and ser. B
Dec
1
Jan
—
Bridge
2142
Dec 24
1966
$5 preferred stock
Dec
1st mtge. conv. bonds due 1951—Jan
Public Service Corp. 5ft conv. debs., due 1953_Nov
Northern Ry. gen. mtge. 3 Vis. ser. I, due 1967—Jan
Green
prior
2142
2142
2012
Greenfield
1961
National
Great
J.
2147
5'/4%
2017
National
ref.
1
Co.,
Iowa Public Service Co;,
Hone
1387
1
Dec
ser.
»v
; '
•
2016
1392
{ 1769
2271
1171
A,
-Jan
———
1,5
2148
•
Dec
14
First mortgage
3ftft bonds, series A, due 1970,
Dec 14
Co., Inc.-, conv. pfd. stock
Dec
4
Lefeourt State Building modified 1st mtge. bonds, 1948-Nov 25
Lehigh Coal A Navigation Co., cons. mtge. bonds, ser. A_Jan
1
LaPIant-Choate
Mfg.
1
2151
Dec
1
1515
33/is due 1966—Nov 29
2152
serial debentures,
ref.
&
mtge.
ser.
of
1929
due
Car
Northern
State
55th
2273
2274
2149
July
5ftft
prior
1st mtge. 3J/as,
Corp.
Ry.
ref.
1
Apr
stocks—Dec
A, 1965—Dec
8
of 1929 due Apr., 1946
and
J—,
$6
81
A
pfd.
ser.
bonds,
——
St
B
improv.
ser.
pfd.
stocks
mtge.
8ft
Power
Co.,
bonds,
'xRef.
mtge.
Jan
1st & ref.
2020
1
1517
30
2186
1
2187
4ft
C.
6ft
2186
1
—Jan. 1, '46
due 1966———
3ft ft bonds, series B, due
series
1516
•V'v#
bonds,
,
-
1518
v
B,
mtge. 3fts, 1967_Nov
1st mtge. leasehold
vl
bonds, due 1955—^-—
Dec
Orleans-Huron, Inc., 1st mtge. bonds dated 1939
Dec
Pacific Telephone &
Telegraph Co. ref. mtge. 3 ft ft
Street Corp.
1
Jan. 1, '46 iV
—
2047————
due
One East
St
—Jan
ser.
—
Pacific
B,
Jan.
;
—
American
series
due
America—
notes,
Paris-Orleans RR.
1967
General
Nov.
2149
due
St
North
Co.—
Corp.,
5ft
gold
1st
of
—
Northern
mtge.
series, due
2151
Y.
Telephone Co., ref. mtge. 3ft ft
147
*•>.
1
N.
New York
1883
5s due 1951—Any time
collat. tr. bonds due I960—Jan
1
3ft ft
Co.
Corp.
Supply. Co. 6ft
1967
:
2018
Connecting RR.
due
V
St
Collateral gold notes,
1762
460
:
24
—
Power
Plan
National
bonds
—Nov
pfd. stock
__Feb
Light Co.—
mtge. 5ft bonds due 1955
ref.
2150
———Dec
of
„
Power
29
stock.^—2^:—i^lan :i
New York
sepfes due 1970
——_^._Dec
I
3-ftft series due 1962
Dec
1
Devoe & Raynolds Co., Inc., 5ft
preferred stock——-Nov 30
Electric Power St Light Corp., 5ft
debs, due 2030
Nov 30
Empire Gas te Fuel Co. 6%, 6ftft, 7ft and 8ft pfd.
First
2009
Griess-Ptlege'* Tanning Co., convertible income deb._—Dec 31
Indiana Service Corp. 1st & ref. mtge. bonds due 1950—Jan
1
Mount
Rv. 4ftft
bonds,
1st
Dayton Power As Light Co.~>~ «».
1884
Power
Corp. 3%
Lake St. John
Co.
Power
St Electric
Zellerbach
Nov 23
preferred atock.
conv.
1st &
Co.
2274-!
Dec
———Jan. l, '48
secured 4ft ft
Inc.,
Assurance
1946
' Date
'First.mtge. bonds, 3ft
Date
'
.
Fire
1946-1950
ENTIRE ISSUES CALLED
mortgage bonds,
Crown
stock—Dec
1
Co.,-gen. & ref. 4% mtge. bonds, ser. F,
:
1—
Dec 31
Greyhound Corp;
Lafayette
Pacific
mortgage
1st
PARTIAL REDEMPTION
Mfg. Co.; 4%
—
8b.ee
bonds,
——
Co.
1st
Cuban Telep. Co.
4%
collateral
Electric
1965
General
5%. mtge.
1947
Locomotive
California
1951—'—
1951
Dec
.
American
of
3s
-
^
&
—Nov
^Company and Issue—
AUis-Chalmers
Electric
—Nov
& Reading RR.
due
30
—'—Nov 30
3s
mtge.
B_
Reading Co.—
'"Jersey Central
bonds
4s
Nov
—
of
1st
Collateral
1951
Properties,
Minnesota
Atlanta,
1952___._-—
mtge.
Litchfield
of
4s
4 ft bonds due 1960
R.) St Co.;; Inc+ preferred
Mallory (P.
10
*
'
.
Unified mtge.
Michigan Public Service Co. 4ft
Butte
mtge.
mtge.
RR.:—
Pag*
Dec
—„-
2191
2271
1st
Nashville
&
bonds
1st mtge. 3ft ft
1909—
2312
2271
Lines
1st
Louisville
due
1
2271
Terminal
&
C,
ser.
1
^Terminal RR. of New
bonas, series A, due 1974—
3debentures due I960—
bonds
mortgage
Co.,
1st mtge. 5% bonds, 1952—Feb
debentures, due 1959——...Dec
Newspaper Union 6ft
Convertible
Date
general
Merchants
Armstrong Cork Co., 4ft cumul. conv. pfd. stock
Dec 15
Atchison, Topeka & SantaFe
'f*- f;
4ft jconvertible bonds due 1955
—.———_Dec' 1
2271
Issue-—
England
2189
Western
Div.
bonds,
-
2168
and
New
&
Lincoln Telephone & Telegraph
Mercantile
3Vsts of 1951__NOv 30
St. Ijouis Div. & Terminal 1st mtge. 3s Of 1951.—Nov 30
Purchased Lines 1st mtge. 3»/2s of 1952__._
„_Nov
30
.
2188
Birmingham 81 Coast RR. 5ft pfd. stock—Jan. 1, '46
Bangor Hydro-Electric Co. 1st mtge. 3ft ft bonds, 1966__Dec
1
Buffalo, Niagara & Eastern Power Corp. $1.50 pfd. stk.-Dec 28
Bullock's, Inc., 5ft preferred stock
Nov 24
Louis
Lehigh
1
mtge.
Co.,
"Company
x
2188
Colortype Co., 5ft preferred stock
Dec 31
American
Telephone St Telegraph Co.
30-year 3 ft ft
V debentures ■ -due-- $966——:
—.i—Dec-' J
American Utilities Service Corp. coll. trust 6% bonds__Dec
7
2271
mortgage 4s of
1
1
American
2271
Nov
1950-—v--——
St.
7
2311
1st mtge. 4'/*%
Companyandlssue—
of
4s
2187
1
Collateral
1951_--——r—-——-Nov 30
3s of; 1951
Nov 30
Sterling 3^'sS of
V; Sterling
3%%
.
**
"
*•
3%%
Paft
Date
^
Loui$ Division 1st * collat/ trust mtge.'bonds-— ——Nov 19
'
Co.
Power
Edison
Toledo
Western
Cleveland, Cincinnati, Chicago & St. Louis Ry., St.
Ilhnois Central RR.—
ftt
Dec
Pacific-Missouri Pacific
Texas
TENDER
y&£-:.r
Gas
&
Poli-New England Theatres, Inc. 1st mtge. bonds, due
1958^
-v.-i.--30
list of corporate bonds, notes,
a
Water
Page
Date
*
,,i(
Co. 1st mtge. 5s, ser. A, 1957_.Jan
Pittsburgh Steel Co., 1st mtge. 4»/2% bonus, due 1960—Dec
Public Service Co. of Colorado 4%
debs., due 1949.
Dec
Notices
Below will be found
'
Pennsylvania Glass Band Corp;, 1st mtge. 3 xk s due 1960-Dec
Peoples
bonds,
Dec
1966
foreign series
due
1
2187
1
1644
Apr. 1, '46
1956—Dec
Pennsylvania, Ohio & Detroit RR. 1st & ref. mtge.
bonds, series B, C and D————
2187
•
2311
1
Jan
1
2187
Phelps Dodge Corp., 3ftft debentures due 1952,——Dec
Philadelphia & West Chester Trac. Co. 6ft bonds, 1954_Dec
Public ' Service
Co.
of
Oklahoma,
1st
mtge.
3'As,
15
2022
series
due
A,
i*——
1971
1
—Nov
24
2022
Dec
3
2312
Reading Co. Jersey Central coll. trust 4s due 1951—Apr. 1, '46
Remington Rand Inc. 3ftft debentures due 1956—r—Dec 16
San Jose Water Works 1st mtge. 3fts. series A.
Dec
1
Southern Pacific RR. 1st ref. mtge. 4s due 1955
Jan. I, '46
Southwestern Bell Telephone Co.—
1678
Public Service Co.
5ft
of Oklahoma
preferred stock
1679
1520
.
1st & ref. mtge. 3ft
bonds, series C, due 1968
Jan 1, '46
1st St ret. mtge. 3ft ft bonds, series B, due 1964__Jun 1, '46
Southwestern Light & Power Co., 1st mtge. 33/4S, ser. A,
0- due
Square
—s.—:
1969
D
Terminal
Co.; 5ft
RR.
D.
mtge.
pfd.
stock—Dec 31
improvement mtge. 3%s, ser. B, 1974—Dec
ref. 4s, due 1953——Jan
Pacific Ry. gen.
due 1980
Texas &
convertible
1930
r
2024
24
,
Association of St. Louis—
Refunding St
+ General
cumulative
Nov
1930
& fef. mtge. 5ft
—L
17
1
2191
2191
bonds, series
—
Dec
1
1556
t
Texas Power Si Light Co.—
6ft
gold debenture bonds, series A, due 2022
July 1, *47
Textron Inc^. prior prfeerence stock—.i.—,———Feb
1
Union Pacific RR., ref. mtge. 3fts, ser. A. due 1980—Dec
1
$2499.'
2313
1932
Western
■0 due
Maryland Ry. 1st & ref. mtge. 3fts, series Ar
1977 —
--Jan
■0' •Announcement In this Issue.
J In Volume 181.
1
2193
Foreign Exchange Rafes
12 Federal
Statement of Condition of the
thousands of
dollars)
increase < + )
NOV.,7
.
notes
+
87,566
51
13,178,404
7,331,601
1,960,150
977,392
+
advances.,—
and
loans
securities: ;;..:.
Govt,
S.
,
:
Bills
■
Certificates —-X-Notes
Bonds
v!
Argentina, peso—
666,685
+
franc
loans and securities....
Total
from
R.
'Other-assets.
33,733
+
15
—
62,193
+
7-——-
assets
Total
———
Liabilities-
>
Deposits: V ;
Member bank—reserve acct.
Foreign
i_
-
-
441,443
45,093
+
578,205
deposits
1,874,933
•>
11,943
—.
-
+
427,495
Deferred availability items
inol. accrd, divs._«.
Other liabs.,
-X—44>109;413
liabilities
Total
Capital Accounts—
paid in
Surplus (Section 7)
Surplus (Section 13b_
Other' capital accounts
7Y
-r. serves
note
gold certificate reto deposit and F. R.
liabilities
Commitments
trial loans
to
140,912
1,917
+
44,678,835
'
+
+
+
•
3,337
+
.
.301215
.205780
.379327
.379327
.909090
;909090
.909090!"
,
|
YYYY
3.227000
3.227000
3.227000
4.005000
4.005000
4.005000 1
4.005000 vT
■■
.658300*
.562900*
Commonwealth
common(quar.)_-—
6%
of
share
l/16th
12-24
12-24
1-15
$$1.25
of
12-10
$3.50 +
Bird
1-
$1.50
2
Manufacturing
21
chasing
or
m+1,292
Year-end
11-
•712+1$
870
Other loans for purchasing or carrying:
U. S. Government obligations
307
Canada
+
110
Extra
878
391
12
—
25
—
1,060
Loans to banks.
81
Other loans
7. 39
Treasury certificates of indebtedness
Treasury notes
0. S. bonds
+
1,173
.
+ 204
9,731
—132
9,129
25,219
.
Obligations guaranteed by U. S. Government
Other securities
11
3,240
Reserve with Federal Reserve Banks
Cash in vault
10,289
575
;
Balances with domestic banks.
2,215
381
+
66
+.
—
1,542
rreasurv bills
23
■
'
+
218
497
—
'432
2
—
+
655
7
+
—
6
+
9,279
$7
Clark
0. S. Government deposits
7,962
T-180
10,296
1,139
+ 319
Interbank deposits:
Foreign banks
Borrowings
11-13
and
during week-
+
2,699
r.
8
+
+
+
•
7
+
84
deposit accounts except
U.
8.
Govt
accounts,
preferred
y
<Ycar—end
B
7
7Y'
11-28
■
—
f
11-12
11-157
25c
12-
20c
12-22
33C
12-27
1
12-10
12-
common
preferred
(initial)----—
~75C
X.
1
12-
17
jf
20c
12-12
25c
12-15
11-26 +
25c
(quar, >4.i_44__4--»4;444_:
Co.
;4__4—4.4—
series)
lieu
of
option
the
:
4_4_-4_-,44,«t———
■
12-15
11-26
Corp. (optional stock
pfd. (accum.).
stockholders, at their
$6
cash,
receive
may
rate
17
"+,12+ 1
Machine
v>
common stock at
of one share
Co.
held.
Co.
25c
(quar.)
x: 11-20 ;
12-20
11-30
Y
•
12- ■m
30c
vsi
—
12-14
30c
4—4__
11-30
25c
—_
(quar.)_-*__
Harvester. Corp.____l
<•
(quar.)——
2-
1
1-25
12-15
11-15
12-
11-16
1-25
Extra
1
7Y.1-:>.2'3
l- 2
(quar.)
4-24
7-25
.8-1
1-
Greenfield
12-
11-20
12-
11-20
Harshaw
12-20
11-10
Hartman
12-14
11-30
—,—i
:
share)
a
12- 1
1
11-15
12-
1
11-20-
$1.50
12-
1
11-177
6%
Chemical
12-
11-15
75c
(quar.)
yY'
——_
12.
25c'
4_i—
11-30
11-15
Vic
12-15
11-26
$1
1" 2
12-20
$1.50
1- 2
12-20
$1.75
1-
12-20
!
11-
1
1
11-147
11-14 T
12-14
$4
Furniture. $1.50 preferred
(G.) Brewing, common
X
12-^0
12- 1
25c
■
87VaC
Haverty
11-15
12-10
11-20..
'
11-28
11-30
Tobacco
X
1
12-20+
: ioc
(quar.)
Co.—
12-20
$3
12-10
'
—
preferred
Co., common
(quar.)
ooc
5% Y
„.
__—
12-20
11-28
12-15
12-15
X
'
pim $1 ■.•;•>■
preferred (quar.)—
75c'-;;.
$3 non-cumulative preferred (quar.)—— •Y+
$1.75
Hathaway Bakeries $7 conv. pfd. (accum.) —
25c
11-15. f
12-
40C
4_—___4—-
Co.———
Instrument
(James)
,7%- preferred
Hanley
$2
(l/20th of
(s-a)
Rubber
Hammond
=
$1.75
75c
<
.10-23^
$1.75
(accum.) 44—4-4—444_4„4^
Tap & Die, common (year-end) _.
preferred
Gro-Cork
12-30
12-10
1
Ca.—
_4—4—!
dividend
Stock
$6
12-30
1-
$
j
10-23
11-1
$1
Pacific Tea
&
11-
30C
preferred
$6
11-15
.11-
X
12-15
Y
1-
121-
37Vac
Y'vY.'Y 25c
<quar.)_
1-
12-
5
!■
12-22
-
1%
11-23
v
2
12-18
12-14
—_
11-30
2
31
y!-'
2
...
12- 3 :
12-10
12- 3 ;
12-22
12-12-
$3.50
25C
Hershey
7%
Creamery
preferred
Co.,
common
Y
11-23
f^rf.
Illinois Central RR,
f(M
T
;«»
■/
..■»
i»J? 4*
4A • :T»'
T>_-4
12-22
12-12
12-12
12-15 Y;
11-27Y
75c
—.
12-22
25c
(s-a)
Rubber Corp.
Y:
50c
(quar.)—_
(quar.)
Honolulu Oil Corp. (year-end)
Houston Oil Field Materials $1.50 pfd——4
Hewitt
—T—_
35c
2
40c
>
4——4— 4—————————4—w4——-
7-25
Green Moimtain Power Corp.—»
Heileman
4
4-24.
1
30c
preferred (quar.)
—_————
; Great Northern Paper (quar.) ————
12-20
12-
Atlantic
Common
12-11
$1.25
—
1
30c
■
■'7%
12-14
12-18
$1.50
•-
—
58-
—4
'
—4^--—
'4444-4-.4—4.^.——_4_;4!4
Extra
Great
11-23
:<
1
Quarterly' 4-4_4-%--4!4-44+--v4__.»^-4v*»-.—.
'■
11-28
Y:Y
1
5-
30c
4——
—
'Quarterly
11-23 r
$3
■,
_4———
-4-4»4-44-—4-4-4:—,_4_:
2-
30C
Y
.
'
11-28
-••":
—_———
(quar.)———
<
.•.
12-1
30c
Y
Extra
40c
+
>
^Quarterly
11-15
.
.
11-20
121/1500ths
of
for each share of preferred .stock
Tire & Rubber (quar.)_4
,
11-15
.
(new)
'
11-15
In
11-28
12-15
VYY
—r—
———
Co.
11-20,,
$3.50
—
'+■ Y
^
$1.121/a
(quar.)
(quar.)
Carbon
12-1
12-
div.
r
12-15
$1.12 Va 7
(year-end)—'4—
common—
17 Vac
General Shareholdings
12-15
-I-
Co.,
preferred
Columbian
■;
;—.—.————+ 13,401
Ice
$6
11-20
12-15
Graniteville
81.50
preferred
Coast Counties Gas & Electric—
Colonial
270
12- 1
J0C
11-13
'•'Y; 2'/2C
preferred
10c
11-27
11-10
75c
Co., Common
——_——
preferred (quar.)—
———
1st
.11-20
11-27
1
+1,690
+1,039
1
11-27
12-
i*50c Y
—
Quarries
11-277
12-
1-10
11-28
"-7 $2
(quar.)
(quar.)
Controller
Cleveland
12-31
12- 1
10c
4—
<,
12-21
$1.75
$1.25
4—.—
-
11-22 "
12-21
1-10
--Extra'
$0.1024
Co
Tool
11414
12-15
Gleaner
12-20
: -
A__
(quar.)
preference
1
48C
Gisholt
12-12
-4—
prior preferred (quar.)
& Trust Co. (increased)
$7
"Y 412
class
Clark Equipment
5%
Domestic banks
demand
27
4Vav^
Corp.
11-14
12-
t7VaC
General
i 15c
..4.-*—-
(quar.k—
11-16
1
25c
ll-^O
25c
1,822
+
Ltd.,
-4-
Chicago Towel, Co., common
■119
+
+
preferred
Chlksan
10
—143
Co.,
12-1
12-17
12-
$1.50
12- 1
tl5c
.44444
-
$3 preferred A
6%
376
+
8
$50c
.
-
4
Chicago Title
587
53
(quar.)
—
B' -—,-^44—4—
! Certain-teed
5,459
47
+
—
—
—
(quar.) —1.4—4
Telephone & Telegraph Co.
Central Illinois Light Co., 4Va% pfd.
Central Ohio Light & Power Co.—
-
$6
+1,853
+
--4-44
12-15
'
$1.25
4--—_4___—
iquar.)—
Cement—
Loom,
..General'; Cigar
7
t50c
-
+
Vinegars, Ltd.
Administration
Class
5%
39,449
Time deposits
.
Carolina
18
+
—
39
+
y
1
86
—
■
LiabilitiesDemand deposits-adjusted
(quar.)
Extra ';-4-—4-—
+
20
—
11-23
t50c
(irreg.)_
12-10
tlOc
Y
Malting, bearer shares (quar.) --.i-—
Capital
Other securities
Real estate loans.
Interbank
Crushed Stone
.58
—
$30* *
28C
(quar.).^
class A (quar.)
,
-
''*'tJkV.f<'s*YY:;.
11-23
130
'
—
4
Stores,
the
of
12-1
50c
—
Canada
y
1,229
11-27
^
30C
Registered shares (quar.)4—._4——
Other securities
11-27
12-10
;Y-
preferred
non-cum.
30c
•
"
12-10
25c
Additional +-4__—.__4_444-44;4
15c
193
pur¬
25c
<
12-10
11-20
General Bronze Corp.——-———4
12-17
t50c
agricultural
obligations
——
12-28
:
1
12-
1
11-30
12-1
4—
(quar.)——
50c
Cana da
-
carrying:
U. S. Government
j
12-
11-30' H
12-12
60c
Nickel
Portland
40c
Co.
1- 2
12-12
Y
50c
Gabriel Cot; class A. (year-end) __i_——
General America Corp. (quar.)____
11-20;
$1.10
Campbell Wyant & Cannon Foundry—
•
+
+
Y
12-
^
.4..+..—.
11-27
$1.75
(s-a)
preferred
$3
Brooklyn Boro Gas, $4.40 pfd. (initial quar.)
Breeze Corporations
-v——4
«
25C
(quar,)
common
Fruit
12-8
(year-end)—4—
11-23+4
1
12-30
$3.50
;4444_it
444-4'
1
11-23
(F.)
.
——
12-31
Inc.
11-23?+?
12-15
20c
,4_—
7%
12-10
11-14
Y+50C
B
Florida
37 V2C
Burkhart
11-24,j4
& Share—
Carpet,
7%
—'i——
Bullock's
(quar.)
preferred
preferred (quar.)
BoatvCo—______
Firth
12-10
12-15
35c
—-—^4-
12-
$1>
13-
$1.12Va PY'-YIA 2
40c
8
12-1..
;
'
Mines_4_4—
First State Pawners Society (quar.)
Y11-14 7
Oil—
75c
25c
Chemicals
&
Natural Gas,
Class
12-31
Creek
•-M
12-
50c
Company
Fitzsimmons
11-24
Buck
..4
Alkali Co.
Falconbridge
12- 7
.4—^444-4—
(quar.)
(quar.)
$1.25
'12-20 '
50c
IvfY'
i444-444_______—
Essex Company
I 37Vac
:• -4—i
class A
new
common
1
v
Y
11-15; >,<
12-
Corp,
.12-
$1.75
——
—
12,531
+152
^
12-12
•
12-1
$1.25
(quar.)——
A
Y.
62>/2C
4
participating preferred (accum.)
Fort Pitt Bridge Works
Franklin
County Distilling—.—.—
Fruehauff Trailer 4%% preferred
;i- 2.;
-
5
4;
preferred (liquidating)
preferred (liquidating).^
District Electric (quar.)
Empire Star Mines_4—
*4
1
12-
12-12;
;
12-
12-15
20C
Empire
& C0.-4. Y
City
Extra
Oil
Electric Bond
11-30
$1.75
Manufacturing tq|uar.)
——
Boss Manufacturing Co+—
.4Boston Herald Traveler
(year-end)
Brach (E. J.) & Sons (quar..
'«<
11-15
40c
4—_—
Extra—4-—
/11-29
12-15
$2.50
Stores, Inc., ccmmon-4*-4—
Vz/A- convertible preferred (quar.)—
Border
12-11
12-12
(s-a)—
(quar.)—
preferred
I
12-
40C
_____
...
Electric
1*
12-20
;
1-2
Bond
4
Y
11-20
12-
>$1.25
preferred
12-14
(accum.)
Brothers Stores (quar.)
Paso
7%
dfV
12-
1- 2
$3
5%
12-20
Extra-Y_4_4—
El
*■
& V/est Indies SS. Lines—
Inc.,
B
Edison
11-20
20c
(quar.)--.—
preferred
12-14
30c
11-20
12-15
12-12
50c
12-1 X
1-2
-12-31
(stcck dividend) _4_
Raynolds
6% filst
12-15
12-15
Y
60C
Blumenthai (Sidney)
7%
p.
12-10
(year-end)
Son,
&
1-15
75c
-
12-15
1
Eastern Massachusetts Street Ry.—
12-1
50c
—
12-1
30c
(quar.)—-—
Co._4_
Durez Plastics
;r
12-20
12-10
$1.18%
Hydro-Electric Co., 7% pfd, (quar.)
6% preferred (quar,)----—i,—44——4-^:
all
■
11-30*
12-15
40c
—
12-
12-15
$20c
(quar.)_—4_
Dictaphone Corporation (year-end)
4% preferred (quar.)4.4——
12-20
I
$1.25
12*45
25c
•10c
$6
$1.25
11-24
25c
.
"$5
——
Edison Co., common
non-cumulative
5%
is
12-15
1-
7
12-15
Year-end '•___*4-4.4—*4—^---.4.-4.
;
,
(quar.)
preferred
&
Diamond
,12-20
1- 2
-
;
Rock
Class
1
$1.75
(quar.)-.
(quar.)———
2
1- 2
:
com.
7
11-20
1-
12-
50e
—
(quar.)
:
Year-end
'
Bangor
1944
-
preferred
.Devoe
12-18
;V
of Rec.
21
:4__
(quar.)
Co.
_4
Brewing
.Deep
,yy ;Y
Leather—
&
convertible
Common
Loans—total
1
5%
12-10
23c
Casualty
_J__
Extra
11-20
25c
!
4______w
Dobeckmun
2
75c
Co.
Copperweld Steel, common-.
1
12-10
50c
1-
(quar.)4—
4_____*
Assurance
Continental
11-14
71* 1
30C
Hide
Atlantic Gulf
Nov.8,
1Y45
cash
in
Telegraph,
District
$5 preferred
89 ■<* + 7,464
6,480
•:
Management—
Extra
11-24
12-
.
I)
.$1.50
1-
Investment
Year-end
.
12-
:+50c
«
*
.
Oct.31,
683/<c
or
preferred
Arizona
+
for
-
Holdera
When
Payable
•
$1.50
$6 pfd.__
Corp.,
_^__«_4—-444.__._4._-—44444 -
Continental
1-2
r-
12-20
12-17
81
•
Southern
Consolidated Bakeries of Canada
11-20
43
American ■•Seating'
61,034
dealers
-Year-end*'
Connecticut
ftl2- 5
12VaC
■71
5
12-
12-15
>
&
Share
'
.
'
$1
American Laundry Machinery Co
American Machine & Foundry
Loans and Investments—total.
and
.562900*
'
of Rec.
■
'
Industrial, and
.658300*
.562900*
Community Public Service (quar.)
4
;
Congoleum-Nairn, Inc.
(quar.^-.L.—4——
Bolder*
Payable
15c
—
Extra
4*4%
Decrease (—) Since
brokers
,658300*
Subject to the approval of the SEC.
Cunco Press Co,
;1 When
40c
r,
!
dividend
'
Share
(quar.)
stock
B
American
C Increase (+) or
to
r
.562900*
HOLIDAY
Name of Company
are
preferred (quar,)——;
American Oas & Electric, common (quar.)
(In millions of dollars)
Commercial,
.905000
;y
.658300*
.658300*
.562900*
_
5%
.
liabilities of reporting
*
*
8
.905000
.905000
3.227000
...
—
American
000,000.
<
.905000
*
3.227000
;
preferred
4%
districts, the principal increases being $91,000,000 in the
Chicago District and $56,000,000 in New.York City; the
total increase at all reporting member banks was $319,-
1945
j
7
4.005000
Africa, pound-
77 Extra
class
77
,
+909090
V
.020189
-
rate.
Optional
deposits declined in nearly all districts.
Deposits credited to domestic banks increased in
Assets—
! "*/.l*
•
.
Nov. 7,
V-
,
4.033750
;
.9050001
Abbott Laboratories,
ment
to
.205780
.379327
.909090
Per
Holdings of Treasury bills increased in most districts
and the total increase at. all reporting m,ember banks
was
$204,000,000.
Holdings of Treasury certificates of
indebtedness and of Treasury notes declined $132,000,000
and $39,000,000, respectively; holdings of United States
Government bonds increased $86,000,000.
Holdings of
"other securities" declined $48,000,000 in New York City
and $53,000,000 at all reporting member banks.
Demand deposits adjusted declined $79,000,000 in New
York City, $76,000,000 in the Cleveland District, and
$143,000,000 at all reporting member banks, and in¬
creased $41,000,000 in the Philadelphia District.
Time
deposits increased $27,000,000.. United States Govern¬
Debits
.205780
.379327
Industrial and Mfseallanaous Companies
I
1,140
—
,
Loans
.205780
.379327
,
A summary of the assets and
member banks follows: + • \L.
.301215
.205780
member
Acadia & Atlantic Sugar 5%
pfd. (quar.)_
:
leading! Advance Aluminum Castings Corp
Alaska
Packers Association
tyear-endi
cities shows the following principal changes for the
Allied Stores, 4% preferred (quar.)
week ended Nov. 7: Increases of $152,000,000 in com¬
Aluminum Co. of America, common (quar.)
6'/c preferred (quar.)
.-—£.4
mercial, industrial, and agricultural loans, and $319,000,Amalgamated Leather, 6% conv. pfd. (accum,.)
000 in deposits credited to domestic banks; and decreases
Amerex Holding Corp.
fs-at
;
of $143,000,000 in demand deposits adjusted and $180,American Bemberg
Corp;, conjmon
,
000,000 in United States Government deposits.
x„
Commercial, industrial, and agricultural loans in¬ A'::. 7% preferred (s-a.)—.-4—
American Car-05 Foundryj-rcreased $78,000,000 in New York City, $27,000,000 in the|
I'/t non-cum. preferred • (qu»i.)--4
;
Chicago District, and $152,000,000 at all reporting mem¬
American Cities Power & Light Corp,—
$2.75 class A (opt, div. series)
of 1936
ber banks.
Loans for purchasing or carrying securities
■
.301215
Croft
The condition statement of weekly reporting
banks of the Federal Reserve System in 101
-
.301215
pound..
of South
:
Condition Slatement of Member Banks
.
.301215
—
from of Company
showed decreases.
.020189
7.4%
—
17
*
.020189
dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
declared.
"
A'
The dividends announced this week are:
:
,
7„,
_______
.569800*"
.020189
.
ord of past
+5,036,137
.7%
—
.907500
■4.033750
grouped in two separate tables.
In th«
first we bring together all the dividends announced the
current week.
Then we follow with a second table lu
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
J
.
42.3%
_
Dlvidendf
697
-
Indus-
make
>569800*
Per /;;4
*3,423
40,056
300
40,388 <
+
+1,048,016
.
_
combined—
—-
.
.
.907500 Y
.569800*
4.033750
B1VI2EK0S
^
.
.; ..•
„
.009090 ,*
.907500
4.033750
dollar-— 7—7—+-77-..
•Nominal
+ 4,943,070
95
+
.
,009090
.909090
HOLIDAY
.569800*
10,995
+
;
Total liabilities & cap. accttf..
of
855
-
.051802*
.020189
sterling
pound
franc.
1,722,190
—
+1,046,004
■
173,192
228,153
27,J65
Capital
Ratio
:
+
.051802*
197,879.
+
.060602*
v+060602*
•
372,174
+
-
.060602*
.051802*
'''
"'
'
•
;
*
'V<:'
4.033750
Noncontrolled
480.164
+
—
42,060
+
17,887,275
Other
Total
+ 318,062
—
871,862
'
.022864
.909090
——
Uruguay, peso—
Controlled...
1,437,021
+
:
.907500
.569800*'
peso
Zealand,
Union
+3,331,178
■
257,110
+
15,994,438
579,532
acct—
U, S. Treasurer—gen.
39,449!
+
24/35,262
Reserve notes
Federal
+5,036,137
+1,048,016
44,678,335
—
.909090
Free—.—
New
7
.060602*
.907500
official...
3,454
793
+7 '
...
3.214113
.022864
_
Newfoundland,
-
.251247*
3.214113
'
< Britishrupee----——;—
Mexico, peso....
...
Netherlands, guilder..
——
-
15:;.y;
"77
<022864
s;~\
.051802*
y-
India
59,031
7
656
—
2,327.549
589,842
------
---
France,
29,778
+
+
.
Bank premises
2,195
—*
104.696
notes
.060602*
,
.
+
England,
; %■ 26
—
110
foreign banks
of other banks—
Uncollected items —7—
Due
p.
.251247*
.251247*
Y
;
8
.297733*
.397733*
.297733*
3.214113
:
Free
5,739,134
+
458.840
+
24,045,497
P
■
'
Y
.051802*
■>'.
—
Gfficial
+8.506,716
+ 371,223
23,447,667
securities
Y
'
■
.022364
—
cruzeiro—
Official
266,034
-
Nov.
+7
8
S
r-'
;
3.214113
.022864
Canada, dollar—
848,779
—
S
•
HOLIDAY
Y.251247*
...
3.214113
...
Free
+3,438,171
40,000
+
Brazil,
>+l;497,800
291,223
40,000
+
.251247*
Belgium,
9,600
,
•
.297733*
Nov. 14
Nov, 13
Nov. 12
'
;7,
Yv; $
..
.297733* *>
~
r;.
.
Colombia,
Totai U. 43. Govt,
Nov. 10
>YY'S
•'
>
.
pound
Australia,
238,024
+
-
*1
y;7Value in United States Money 7
Monetary Unit
Free
9,831
—
900
+
—
—
Industrial
U.
201,315
269
+
595,448
2,382
ca6h
Discounts
■
and
868)000.
.+
+
gold ctf. reserves—-
Total
Other
!
1,231
+
UNDER TARIFF ACT OF 1930
Buying Rate for Cable Transfers in New York
Noon
.———
_
v
Nov. 9
R.
for F.
fur.d
r-»-
1,500
■
certificates
Y7\Y,
V
1944
x+
1945
or
(—) Since
Nov. 15, .
FEDERAL RES ERVE BANK TO TREASURY
NOV. 9, 1945 to NOV. 15. 1945, INCLUSIVE
,
CERTIFIED BY
RATES
EXCHANGE
FOREIGN
Decrease
Redemption
buying rate for cable transfers in the different countries of the
passed:
i tifying daily to the Secretary of the Treasury the
world.
We give below a record for the week just
;:
Gold
of the Tariff Act of 1930, the Federal Reserve Bank is now cer-
requirements of Section 522
Pursuant to the
Reserve
(In
Monday, November 19, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2432
12-15
11-20 t
'
12-
27^c
( O'l"
(leased lines)- (s-a)-«.-» + ,+ Y;
*
-58
? .+ ** 'P »
15-
,
$3 ri;
12-
6
n-^o
1
1
;
12-14
[Volume 162
Number 4439
HE COMMERCIAL & FINANCIAL CHRONICLE
Per
..
*
When
Share
■ ■
Holder*
Per
of Reo.
Payable
■
.
Name of Company
•
J 15c
12-
1
11-20
Scythes
437V2C
12-
1
12-14
11-20.
i
«
12-
.
.
i
61c
20c
'•
i
Securities
11-10
Common
12-15
12-15
11-29
40c
1-
Two
Serrick
Corp.,
Sharon
12-7
11-26
11-16
11-30
l-'f
for
each
held
one
;
:
11-15
class A
12 Vic
v
—
(quar.)
12-
1
12-15
11-25
12-14
Lathe
Works
'**
(extra)--:.•>»
Southern Advanoe Bag & Paper—
$2 preferred (quar.)
50c
12-10
11-20
$1.25
12-31
12-15
2t)C
12-10
11-30
6%
preferred
(quar.)
-11-30
7%
preferred
'
30c
•
20c
7
12-10
.
of
12-12
11-10
Southern
11-15
11-10
Southern Phosphate
20c
;
11-45
12-20
12-15
Sovereign Investors
Spear & Co., $5.50 1st preferred
.5c
2-15
•
20c
'
.
10c
•
*
50c
.
1-
25c
.
2
■
12-
American
62>/2c
.1-2
25c
-
.
12-5
,12-22
11-20
40c
12-15
"11-24/
2
!:i-i9u
;
140c
l-
37'/2C
12-15
30c "•' 12-
$1.75
12-
25c
•
12-15
'45c
12-15.
•
%
'
10c '12-15
/•
12- 1
43c*
12-15
11-19
12-11 "
12-17
40c
:
.t
1212-
3
£
3
'
2
5V-i'/o
25c
12-26
$1.46
12-10
10c
•*-
12-
1
11-20
BlViC
12-
1
11-20
15c
i
.
P.)
12-
1
$1.75
$1
12-20
12-21
12 Vic
•
50c
12-
'
12-
1
$5.5ft
Products
prior
Van
Dorn
Van
4
11-23
Iron-
Waco Aircraft
Co.
^
11-15
50c
.
11- $
West
11-30>
12-10
$1.25
12-10
11-15
11-8
50c
12-15
12- i
11-20
12-
40c
1
-
12-20
X
12-3
42- 5.
;li-29
$1.02
12-
v$i4i
12- $
12-
1
12-1
-11-17
12-15
12-1
50c
>12-
$3.50
12-
1,
1
11-26
11-30
11-15
Autocar
11-30
11-15
57»
11-30
11-15
Automotive
11-30
11-15
Aviation
12-15
4 12- 1
12-
60c
12-21
v.12- 7
12-17
-
,
12-22
:
Electric
>12-31
i2-16
1- 2
12-14
12-3
$1.50
preferred ■
Young
/
(quar.)
11-23
12-15
*'
;:12-15
1212^
5
12-15'
12-
11-20
60c
12-14
50c
12-15
12-15
30c
30c"
12-10
11-28
20c
12-10
11-28
12-10
12- 3
75c
12-31
' 12-31
11-30
Bathurst
11-26
Beaunit
12- 1
75c
1-
$1.60
1-31
41-15
1-15
'50c
12-1
11-19
25c
..
-
•
2-
1
1-19
3-1
3-20
1-15
25c
tquar.)„,_>
12-15
11-30
Bekien
12-
Bell
1
12-10 \
11-20
Per
*
1-
2
12-
1
11-10
425c
2-15
1-15
1$1.75
2-15
Jtame of Company.
%: 11-23 ">■;
$4
1-15
•
12-14
87Vac
1-
;
Stee!
11-30
Allied
2
11-30
11-21
1- 2
t11-21
Allied
12-21
;.ll-30
Finance
Allied
$1
v
35c
'Allied Stores,
11-26
30c
$1.50
>
-JSI 7
1-1-46
15c
12-13
preferred
'Aluminium, Ltd.,
6%
(quar.)—i
common
12-10
American
.
-
.gytra-
American
5%
Business
Shares,
Chain
&
preferred
•r;Extra-
Cable,
Co.
American
Colortype 5%
American
&
$6
■,
$7
American
/
Foreign
preferred
Howell
&
■
preferred
Co.,
American
Fork
American
Home
Products
Corp.
of
additional
shares
of
_—
...
(quar.)
/
——_
—
$3
conv.
pfd.
Boyertown
Extra
Class A
Casket
Bank
Note
(inc.
Extra
12VaC
12-1
12-15
Brown-McLaren
12-15
Co
Motor
Fence
Budd
Wheel
Buell
l
—
Mfg.
quar.)..
(quar.)
Die
\
(par
'
each
value
held
to
stockholders)
be
changed
(subject
.—:
to
to
Buffalo
—
$1.60
tor
of •
"
*'
;
—
12-21
12-21
11-23
12-
11-21
1
10-12
12-
1
1J-24
11-16
1 ;
125c
••
3-30
.11-10*
12-10
12-
.
11-16
12-15
11-15
12-15
11-15
11-27
$1
2-28-46
11-16
2-14
1
11-20
50c
12-1
11-20
420c
12-15
25c
12-15
2y2c
$1.25
20c
12-
11-15
12-
1
2
12-20
12-15
11-16
1-
$1.25
12-
1
15c
Co.
& Machine
(quar.)^———
Forge
Co.——r——-
Buffalo, Niagara & Eastern Power Co.—
stock
$25)
2
12-
1
11-16*
11-10*
Building
preferred
-
.
v
Products,
————,—
Ltd. * (quar.)
—
2c
11-26
11-16
IOC
div.)—..
approval
1
1-
1- 2
50c
Co.,
■
t$l
62»/2C
115c
Class A—...—i_
Co.
12-
$1.50 3-30-46
——
& Wire Co.
.11-15
>12- 7
25C
"
,>v
$1
11-15
1- 2
12-20
50c
12-15
75c
:
$1 V
15c
Inc.
(quar.j
Bruck Silk Mills, Ltd. (year-end)....-—
Brunswick-Balke-Collender Co., com (quar.)
; . $5 preferred
(quar.)
Buckeve Pipe Line Co.__.—
Budd Manufacturing $5 prior pfd. (quar.) —
Shoe
Brown
1- 2
-
11-26
V
'
—
Brockway
Brown
12- 1
50c
-
-i-—-.-i---i
12-11-
$3
11-16
10-31
35c
America (quar.)..
(interim)—
American
11-JO
11-20
$1.50
Extra
British
i
11-30
(quar.)^
—.....-...-..-r————
12-11
20c
(quar.)__
class A
of
Co.
1
12-1
20c
(quar.)—
Braniff Airways..
—
Brazilian Traction Light & Power
12-31
'60c
12-
12-31
16c
Inc.
Co
—i——
22-15
12-1
75c
$2.25
& Co.,
RR.
Burial
Brandon Corp.,
$1.50
>
(quar.)
$1.50
Brewing Corp.
;—
common
7c
Bearing (year end)...——
Bower Roller
Delaware—
prior preferred (s-a)
American Manufacturing Co. (stock
12 Vic
±*~:
Bristol-Myers
12- 1
30c
Boston
1
12- 1
1$1
•
—
Works—
(Sidney)
Albany
12-15
(irreg.),
Convertible
Three
&
12-15
;
50c
V
.......
(quar.)
Corp.,
Blumenthal
11-20
50c
10-31
11-15
$1.18%
;
•common
12-1
25c
12-
Payable in cash or l/32nd of a shcre in
-
Insulator
--
Company
Ridge
Blue
12-5
12-
1
12-1
Inc.—
Co.,
(quar.)
Water
'$1.75
%
11-15
Extra
11-20
75c
pfd.
11-15
11-30
$1
common
preferred
prior
Blaw-Knox
11-16
Inc.—
(monthly)
11-16
1
12-8
40c
Nat'l
Corp.,
preferred
67c
12- 5
62V2c
non-cum.
12-
-20c
,
—.—
preferred
$5
Extra
American
7"
12-15
&
American Ice Co., 6%
11-30
11-30
Common i.-(quar.)
-50c
preferred (quar.)
preferred (quar.)
12-26
12-15
12-15
:
112 Vic
' 30c
:———:4. $1.06%
(quar.)
Bankers
Birmingham
11-19
2c
Hoe, common
American General Corp., $2 preferred quar.)
$3
,
1-15
11-15
Black Hills Power & Light Co., common-...
5Vo. cumulative preferred (quar.)
12-5
X8C
$2.50
50C i
■
412Vic
6
12-
V
$58.50
(quar.)
$3.50
12-24
12-24
20c
•
1
><>:'• 10%
1- 2
12-22
>
—
1
.
12- I
preferred
Power
12-
'
12-6
;• 12-19*
.—
Corp.
$1
(accum.)
11-15
3
60c
Co., common.........—
50c
(accum.)...
—......
Forging ti Socket Co.—.....
11-15
2
1-
—
130c
$1
$1
—
preferred
t
1
1-
125c
....
v
Fund, Inc. (quar.)
Boston Woven Hose & Rubber Co.
-
•
1
t$1.75
12-10
(quar.)
'
12-
12-
25c
Co....*;..—
Corp
Dividend
$1.25
common.
r
X
11-15
1-. 2
,•
(quar.
12-15
a
(quar.)
Chicle
American
:
•
-
V
11-24
$1.25
....
t$1.50
Inc
12-15
$1.25
...
15c
1$2
?/.v :
....
'
-
'f 10c V)
(quar.)..—^.
25c
(quar.).——.—;—•
preferred
2
-
...
(quar.)__w___w-
Boston
-
Amalgamated Electric Corp., Ltd.——
American Airlines,
Inc....
-American Arch Co. (irreg.).—
..—a—.'
American Automobile Insurance (St. Louis)
11-15
1
1-
12-10
11-30
•
A
11-23
V 12-
7cV
15c
■
Carpet
6
11-10
12-26
12- 8
40c
15c
r
.
12-22
-
$1
>
'
-
11-20
•'
12-20
ASirmlngham Gas Co.—
10-31
11-25
20c
T
i
preferred—'
arrears
—.....—
preferred
.
12- 1
■>'<?•#= $1
(flnal)^i-i---' $1.91%
common
.
11-30
(quar.) ——————_
Alpha Portland Cement Co
i
/Aluminum Industries, Inc.. (quar.)—..
12-10
15c
Mfg.,
1
10c
7
11-
Investing
Corp.
Berkshire Fine Spinning Associates, Inc.—
$5 convertible preferred (quar.)..^—.....
11-14
12- 1
12- 8
EX$ra-
'12-15
.
Aircraft
Formerly
of Ree
12-12
'
—.—-
11-15
.
;
...
Beneficial
11-15
4$2.50
Inc.
5% preferred
Allis-Chalmers
11-26
12- 1
20c
——
———
Laboratories,
1
12-
■'47c
56Vic
pref. (s-a)
1
'
Holdert
40c
Mills, Inc.....—:
12- 1
37V^C
Inc
Bigelow-Sanford
130c
(quar.)
Algoma Steel Corp. 5%
A0C
50c
Co.
Agnew-Surpass Shoe Stores, common (quar.)
Associates, Inc. (quar.).—
Air
*
Payable
Abbotts-Dairies, Inc..—:•' .,> :25c-*
Acme
$4
Wnen,
Share:
.
12-
...
(quar.)
Manufacturing
-4 V4 7c
.
Companies
■
25c
11-15
25c
;
Belding Corticelli, Ltd., common
■jH 1% ■ -preferred:-: ,(quar.)
77o
110c
11-15
1
7C
(year-end).....—
& Paper, class A (quar.)..
Bethlehem Steel
Miscellaneous
11-30
11-30
5c
.
.
11-28
12-
.
i
5
1 11-15
1
41V4C M2-
Co.
Power
Mills,
Special
2-20
i:;.,^25c>-^'4* 1
25C
15c
and
12-15 I. 12-
12-
' 12-10
$1
*5c
■
pfd, ; (quar.)
preferred (initial) (quar.)
Beech-Nut Packing Co. (quar.)..—
> 2—12-10
25C
.
——;
industrial
J.
11-16
25c
:
...
4%%
preceding table.
>12-20
2
10-26
11-15
$1.25
class
9
9
12-13
50c
:
(quar.).
Apartments, Inc.—/;■>
: v $6
1st preferred (accum.)
Beck (A. S.) Shoe, common
(initial)
the dividends announced in previous
paid. The list does not include divi¬
dends announced this week, xthese being given In the
:
$1.65
(interim.)
Mfg.
Co.
11-
•
Beaux-Arts
weeks and not yet
12-20
V.
,
.......
preferred
Co.. (quar.)
Seelig
Oil
11-
11-9
12-13
75c t
:
Canada
11-20
11-15
<
1-2-46
37V2C*
l___.
all
v
$1
1
Barlow &
12-20
7oc
Tt
common
clears
1
$2
$2.50
Inc...
Co.-of
Barnsdall
give
we
$1.50 /12-
....
.......
Ellis
llil5
-
Below
1
common
Show,
Bastian-Blessing
Bell
:
1
12Vie
Extra
Stock
>
12-
pfd
(quar.)
Works
payment
12- 4
$1.18%
-
1
$1.75 'tr 12-
...
preferred
Radio
12- 1
*
,
3
$1.50'
—
12-
12-20
1
12-
12-
.
17V4C
.
(bi-monthly)
Spring & Wire
11-30
12-
Co.
A
11-13
:
2
35c
i.
i
62 Vic
quar.),.^^
common,
12-10
'
1-
10c
preferred (quar.).....
Barber
:"t
f 12- 1
•
50c
12-10
12-15
62 fee
f7 Extra-:
;
11-23
37 Vic;
'•
A—..
(s-a )_.
B
Barber <W.: H.)
5
11-30
-$1.25 >
$1.06
1
12-15
end)..
57o
preferred (quar.)
■
;Bankers Bond & Mtg«. Guaranty of Amer._
5
12-
$1
(year
(interim).
Building,
This
2
25c
common
Bangor & Aroostook RR., 5 7o
11-30
1-
...
Mines
12-1/11-14
(quar.)
Banco de-los^Andes—
12-17'
11-20
11-24
12-
933/ic
Common
67o
j
;
12-10
1
...
(year-end
£: American' 4shates
12-10
2
50c42-15
.
-
(L.. A.)
11-20
12-20 >
V
Co.
Gear
Baltimore
11-20
12- 1
12- 7
-30c.
♦
i,
(quar.)^___^^-_-._-^^—-
Corporation
1)
12-
12-10
12-24
(Conn.)
RR.
Corporation,
Balfour
•
12-24
*
10-16
•
75c
...
Corp.,
Co.,.5%.Series
series
-12-10
$1.50
(accum.)
B7G; Foods,: Inc.-...
12-15
50c
preferred
pfd.
Corp
Gold
9
11-20
$1
preferred-(quar.)'.
Co.
11-
$1
prior
Co.
Line
1
20c
•fX Common
11-28
50C
62 «/2C..-'
ht
in-.
11-15
$1.75
(quar.)-
Power,
iti
1
12-10
60c
Manufacturing (extra)
Telegraph Co., class
iwefcrred
York
11-24
•
-
$7
-
Monthly
11-30
15c
'
12-
460C
1
37 Vic
$1
Tack
'
11-20
12-
Powder
Atlas
_
(quar.)
'■v /.Monthly'
11-20
1
1-15 ;
$1
Atlas
20c
_
_
Line
Atlas Corp.; 6%
5
Aunor
Union
-
12-14
12-
11-26
> 35c
0' Monthly
11-17
$1.75
42Vic
A%%
G%
v
$1.50
Point
Wrigley (Win.) Jr., Co.
1 ■ Monthly -:;L—
8
Refining
li
12-15
$2
Whconsin
-
15c
55c:
:
Atlantic
1-
12-15
f25C
(year-end)
Wlllson Products, Inc.
(increased
Wilson-Jones, Inc. (year-end)
11-20
1
Coast
11-20
12-
15^
.
(initial
preferred (quar.)..
Atchison Topeka & Santa Fe Ry
Atlanta Birmingham & Coast 57>
Atlantic
(quar.
• (quar.
Juice 4Var/e
Grape
Weyenberg Shoe Mfg.
12- $
13%C
77o
12-8
(quar.)
common
11-20 *
new
1st preferred (quar.))
2nd preferred (quar.).
12-24 :
_
preferred
Western
11-30
-,25c
11-20
1
67c
Coast
Extra
-
{
5
Atlantic
$1.37 Va
(year-end)
...4
11-30
U5C ".
....
common
Goods
12-10
(year-end
'
5%
12-
Dry
1 11-20
(year-end)
Ware Shoals Mfg.,
Welch
Associated
12-12
(year-end)
Works
Co.
Railway Co.
1
$3
;
preferred
12-1
27
_
com.
12-
z
11-30
(quar,)'.
...
(initial)
convertible
12-
20c
pref.. (quar.)
Norman
r'"!
4%
25c
Co.
30C
•50c
class A
(quar.)
conv.
12- t>
Shuttle, 7-'/* pfd. (accum.)__
Valley Mould & Iron Corp.,
11-15
2-1-46
$1.50 1-31-46
parttc.
$6
preferred
450c
Co.
$3
Co.
121-20
-*
_
Gypsum Co., common
preferred (quar.)
Virginian
$ 2.50
&
35C
(quar.)
States
Universal
12- 1'
11-30
12-21
&
11-10
.
common.
2c
(s-a)iw—-
Bobbin
T.o
32-12
,
S.
25c
$1.25
(s-a)
41 %c
Extra
United
il-20
12-15
425c
U.
1
11-30
75c
'V
11-30
11-10
12-
1-
15c
Inc.
58y3C
—
States Graphite
Upson Company is-a)
12-14
1
-v
12-20
2
12-1
V75C
shares
Farms
v$25c
_
12-31
12Vic
i
Brothers,
12-10
50c
<quar.)
_—-
.
United
11-23
12-28
12-
1- 2
Y.)
Corp., Ltd.—
.—
$1.37 Via
..
shares
425c
(s-a)
Class B
t
11-24
15C
440%c
(resumed)__
common
preferred
8
12-10
^
(quar.)
preferred (s-a)
Ltd.—-..
Equipment Corp., common
»; $5 preferred (quar.)i
Artloom Corp.
$1
N.
12-
12-31
(quar.)
Aro
(accum.)V-L
(Troy,
Products,
Extra
12-15
50c
i.:
$1.50
Bank
Amusement
Class A
'
12-15
35c
V
If
_
(qu ar
convertible
United
?
£ 12-15
12-26
(year-end)
(initial)
.Boyalty-iiJ_«.^^w«.^wt»-.^__---i-i
Aircraft
2
$11.50
(liquidating)
Corp.,
Armstrong Cork Co.,
____
common
1-
>
Smelting Co.—
prior preferred (quar.)
preferred
Arden
6%
National
United
1
25c
Verre-Mural
National
Armour
____
Ry. Co.
preferred
Union
H-30
11-30
12-10
1-
$6
11-28
12-10
$0.205625
(quar.)__
Tri-continental Corp.,
*
-
(quar.)
preferred (s-a)
common
Archer-Daniels-Midland,
_____
-Tom Bell
11-30
(quar.)__...__^.__l.._..^_.._
Registered
...
;
1st
conv.
-
...
pfd.
5$>
Co.,
12-15
■
,
preferred (monthly)
7% preferred (monthly)^.______,__,..».
5%
preferred (monthly)
*11-30
12-15
Co.
11-15
11-2
50c
...
11-30
25C
'vVi.
.
11-15
1
Zinc Lead &
Bearer
(quar.)
Sulphur
Toledo Edison
11-30
12-15
25C
$2
Corp.
Pacific
6Vi%
•
20c
(quar.)
Corp.—
Thermometer
Tobacco
preferred
Arcade
preferred
Time, Inc.- (year-end)-^—
11-30
50c
6%
(quar.)....
12-
50c
common...
(accum.)..
Ampco Metal, Inc. Q7o
$3.75
7.11-30
12»/aC
•
Thompson Electric Welding
Thrift Stores. Ltd.—
12-21
Co.
convertible
6 </o
Textron, Inc. new
12-21
;
$5
i
(quar.)
&
11-30
Stores
American
:
(quar.)__—
Texas
11-21
$1.75
.
Tennessee
12-17
'
Co.
Gulf
25c
.
&
Texas
1-9
Foundries
preferred
American
Teck-Hughes Gold Mines < interim)___
Telautograph Corp.
1
15c
.
j
11-21
1
1st
American
-
(quar.)
11-30*
>
12-15
10c
.
Swift
A
11-30"
1
12-
Steel
American Thread
(quar.).
11-21
1
30cv
:
12-
$6
Andian
class
Y,....
12-15
Anheuser-Busch,
Inc.,
N.
12-20
Anglo-Canadian Telephone,
Anglo Iranian Oil (final)
Sunshine Mining Co.
12-14
5
Y.)—
of
$1
Sun-Kraft,
5
12-
20C
Common B
tquar.).....
11-23
12-15
1007c
—w_—^
preferred
11-16
$1.75
by the
Superintendent
the
State
12-10
1- 3
(increased)
series
by
the
Stuairt* (D.- A'.) Oil CO., Ltd*-".1'M
Class A participating preferred, (quar.)
:
12-22
12-15
-
$5
12- 5.
12- 1
1,
12-15
approval
11-12
—±
(quar.)
iN.
Rolling Mill Co
Shipbuilding
American Smelting & Refining,
(quar.)
preferred
12-
50c
American
quar.)_-
(quar.)
common
v'-Extra
-
-12-15
12-15
(increased
of
American Superpower
(year-end)
preferred
convertible
Common
.
11-30
12-12
2nd
Co.
14-16
$1.50
American
"
11-17*
American
Staley (A. E.) manufacturing Co.—?
11-26
:
2
25c
v\
5%
11-24 V
12-10
1-
$5.50
Square D Co.,
12-15
12-15
*" 25c
>
2
12-10
$2
;
11-15
1-
-$1
.
2- 9
12-15
-
37yac
$1.12 Me
Pacific
and
Insurance
American
5c
1
...
Co.
subject to
stockholders
7
___
30c
;
12-
...
(quar.)..
dividend
12-
(quar.)—
^
preferred
Stock
>
'
.
Co.-
American Re-Insurance
i_
—
11-15
25c
.i.
:12-
______
Bend
7Vo
11-25
12-15
convertible
South
1
Common
11-24
:
22c '"
_
25C
Corp., common„..^^...„.
12-20
4 X $1.25
preferred (quar.)
1- 1
Ehuron Optical Co., Inc. (quar.)____
35c *i 12-22
Simpson's, Ltd., 4Vi% preferred (quar.)... t$1.12'/2
12-15
Siscoe Gold Mines, Ltd
;
tl.ViC ;• 12-17
$5
1-11-15
12-15
shares
Co...
o1 Re*.
12-
common____^._*.^
(quar.)
Meter
Holder*
Payable
15C
....
Corp.,
preferred
(quar.).
Paper Goods, I'/c pfd. (quar.)
American Radiator & Standard
Sanitary-
10c
12-1
X: 12-
Shoe
6'fo
\
Metal
Share
of Illinois
American
Steel
1-2
$1.50
American
,■>•.,
7
12-15
50c
11-20
American
additional
11-29
12-
2
$1.10
75c
Corp.—
American Investment Co.
12- 1
i
11-20
(quar.)
;
i
Seeman Brothers, Inc. (stock dividend) —
Selby
l$1.12'/2
20c
?3iy4C
When
per
Name of Company
<•' Hee.
1
(quar.)
12-17
12-20
-
12-
5%- preferred A
1-15
140c
'
Acceptance
1
He-Mere
Fuuuoie
119c
_
iquar.>
12-11
30c
65c
:
preferred
When
Share
.
(quar.)
common
1-15
-
& 437Vac
,
Co.,
1-15
120c
\
5%
&
11-26
11-16
45c
11-26
11-16
FINANCIAL CHRONICLE
THE COMMERCIAL &
'
Bullock's
Fund,
Bullock's,
Inc.,
Hill
Bunker
12-
Ltd.
Extra
$1
IOC
Amer.
$2.40
(quar.)....
...
4'A%
Canada
1-2
12-8
12-8
12-20
11-23
12- 1
12-17
11-10
12- 8
%\MVe
1- 2
12-15
$37%c
12-15
12-1
12-17
12- 1
12-20
12-20
11-30
(quar.;—*
$$1,25
—*
$20c
(quar)
Ltd.
Co.,
Sugar
25C
Dry Ginger Ale, Inc., common—...
preferred (quar.)——.—*
Foundries St Forgings, Ltd.—
$4.25
Canada
Class
A
Class
B
Canada
7%
11-15'
1- 2
Dominion
k
Canada
12- 1
(accum.)
preferred
6Vi%
15C
Corp.
5%
Co., Ltd.—
Cement
Canada
Dreference..*-
$62'/ac
class B (quar.)
*
(initial quar.).——... $$ 1.31 */♦
Power
Co.,
preference
(quar.)
—.....
(irregular)
Northern
$$1.50 &
....
Power,
$15c
(quar.)
com.
preferred (quar.)
Breweries, Ltd., com
Extra
12- 1
$25c
1- 2
$12'Ac
(initial
A
Canadian
quar.)—
11-30
11-30
1- 2
11-30
12-15
11-15
$$l
(quar.)
1- 2
$75c
—
Investment Corp.
Foreign
12- 1
Extra
Alcohol-
Canadian Industrial
Class
(interim).
A
Class
B
;
—
...
(interim).:
—
——
Investment
International
Canadian
Trust,
Ltd., 5% preferred (accum.)
——
(s-a)
Ltd.
Gold Mines,
Canadian Malartic
Class
Canadian Tire
Laundries Corp
Canadian Wirebound
class
$1.50
Paper Co. (quar.)
««
Consoiicated Press, class A (irregular).....
Consolidated Textile Co. (irreg.)..-...
Consolidated Vultee Aircraft
$1.25
Consumers
Carman
&
Class
Co.,
B
Y 5%
issue
2nd
Central
Heat
—
7%
Co.
$37VaC
$1.50 convertible
11-30
11-15
11-30
11-15
".
$6
preferred
preferred
5%
Steel
Central
Steel
&
Century
Cessna
Aircraft
Belt Company
Champion Paper & Fibre,
7%
preferred
Chestnut
Ohio
&
Hill
Ry.
series
South
Chickasha
Cotton
Quarterly
vtc
&
RR.—
7%
;
5%
Bar
Extra
-
Knitting
Co.
a"~
*i.
—
$3
Class
.....
A
Class
..
A
50C
87'Ac
Y
'
50c
12- I
12-
5%
fc
-
4%
Colorado
11-23
75c
Milling
12-15
12-15
$1
participating
(quar.)
conv.
Products, com. (quar.)
preferred (quar.)
Manufacturing Co.
11-24
*.
Y.Y.
11-24
(quar.)
11-27
Co
Auto-Lite
District
12-20
;
11-26
—
Electric
Co.
5%
Fuel Co.,
6%
preferred
preferred
1% preferred
8%
preferred :**
pfd...—..
;.„.**_*.**..
..
.—
12-31
12- 4
$3
12-
1
11-20
...
Y YY*** Y YYY
Erie
25c
12-
»
47c
non-cumulative
Class
A
Elevator
preferred
1
11-20
12-1
11-19
12-
11-19
1
5%
Faber
preferred
Coe
Extra
(initial).—™
(increased)
(quar)
&
IYY Y ■Y
(ouar.)
jGregg, Inc.
Morse
&
Co.
Brewing
Extra
*
Corp.
(year-end).
"
(irregular)
pf<TTquar.)l
11-15
25c
12-
1
11-10
12-
1
11-10
12-
1
11-16
11-30
^11-17
11-30
.
11-17
Bake
....:
Shops,
preferred (s-a)
12-15 >
11-30
12-15
11-30
12-
5
11-20
12-20
12-15
37y2c
$1.28
Syracuse
(quar.).
Quarterly
5%
Corp
Life Insurance,
Extra
5%
11-16
1
25c
(quar.)———__
(quar.)
& Traders
Y.)
Federal
11-80
12-
15c
...
Metallurgical
preferred
-********—.
Corp. (stock dividend)..
Commercial Shearing Si Stamping Co.—
Fansteel
(N.
12-15
12- 1
25c
Farmers
Pictures
11-30
11-15
11-30
50c
(quar.)
(quar.)—....
Fanny Farmer Candy Shops
$5
'
50c
75c
Extra
Inc.—
12-15
50c
v
.__*
—
12- I
$1.25
(quar.)—
(quar.)
"
*.*
:i
12-15
-
30c
common
Fajardo Sugar Co. of Porto Rico
Falstaff
common
Commonwealth Telephone
$25c
75c
50C
(quar.)
Corp., $3 conv. preferred (accum.) _
Railroad Co., common*.-...—..—....*
Ctfs. of beneficial interest
Fairbanks
Columbia Broadcasting
System,
Class A (year-end
Columbia
12-10
*
6'A %
31 'A C
Extra
Class B
ii-10
Equity
(quar.).—
Co.,
12-15
11-24
;
(quar.)
$1.25
(quar.)
(initial)
St
12-31
2c
Lines (s-a)
Steamship Lines, Inc., common
convertible preferred
(quar.)—:
Empire
Corp.—
preferred
Baking
Co.—
Ely & Walker Dry Goods (quar.)
Empire & Bay State Telephone—
4% guaranteed (quar.)...*—
12-15
87'Ac
.*._—**
$3 preferred
50c
/ 20C
quar.)
Water
11-20
12-10
37*/2C
English Electric Co. of Canada, Ltd.—
Colorado Fuel & Iron Corp.—
New
common
(initial)
Columbia
11-20
!
(year-end)
.1_H
common
preferred
11-17
11- 6
1
12-
Air
Empire Gas &
Common
Colonial Stores,
15CY
Y
.....
(quar.;..
Aikman
(increased
Louis & Interurban
-.
$5
-:,
Electric
Corp.—
(s-a)....
convertible
$20c
(quar.)
(quar.)
Eddy Paper Corp.
1
.
Collins
10-31
12-15
11-20
$50c
•
preferred
preferred
5%
$1.50
preferred
11-15
12-31
12- 1
$20c
1
2-1-46
$87'Ac
(quar,)^.
(quar.)
Eaton
(s-a)
(year-end)
12-
(quar.)
Eastern. Steel
Cockshutt Plow Co., Ltd. (s-a)
Colgate-Palmolive-Peet Co.—
$3.50
6%
preferred
$2
YIII
$1
International
Common
common
6%
(quar.)
2
Eastern
Year-end
Coca-Cola
Extra
Eastern
Co. (quar.)
Cleveland & Pittsburgh RR. Co.—
4%
(special)
(quar.)
■
com.
Co.,
Malting
Eagle-Picher Co.
Cleveland Hobbing,Machine
Co.,
1-
Ltd.—
E. St B. Brewing Co. (irreg.) ..*«****_Y--...
■"
City of Paris Dry Goods Co.—
7% 2nd preferred (s-a)
Coca-Cola
12-15
2- 1
62'Ac
& Cartons, Ltd.—
(quar.)
——
7%
7% guaranteed (quar.)
Clinchfield Coal Corp. (year-end):
$55'Ac
t$1.25
(quar.)
Ltd.
Bradstreet, Inc.
East St.
City Water Co. of Chattanooga—
5% pfd. (quar.) —..i............
Clearing Machine Corp
3-1-46
Envelope
Corp.,
&
Dun
Co.—" *
City of New Castle Water
6% pfd. (quar.)
.
—
Dravo
Co.-*>
(quar.)
-
11-30
12- !
750
...
Dow
■
Circle
37Y2C
—
Douglas
—**
pfd.
Cincinnati New Orl. Si Texas Pac. Ry.
5% preferred (quar.)
-'
.....
Dominion
~~~
*.—!
Co.,
(quar.).—
preferred (accum.)
Stores, Ltd. (increased)
Aircraft Co., Inc. (annual)
Drug Co
;
5%
.....
Cincinnati Gas & Electric
50c 8-15-46
Dominion-Scottish Investments—
(quar.)
'*
2-15-46
*****
preferred
Dominion
...
12-
50C
Yi 50c 5-15-46
$1.25
(quar.)
Bridge Co.,
Dominion
Bend
Co
Corp.
(quar.)._-_.;.-...-*__i*Y~.~
Dominion Dairies, Ltd.-—•
5% non-cumulative preferred
(irreg.)
South
(quar.)—
Oil
Dominion
...
1
30C
5% preferred (quar.)
class A (quar.)..
& Anglo Investment Corp.,
Quarterly
(irreg.)
11-20
.
Cup Co.,
Dominion
com.
12-1
12- 1
350
50C
participating preferred (s-a)
Distillers Corp.-Seagrams, com.
(quar.)
I; 5% preferred (quar.)
—
—
Chile Copper
Chrysler
Cab
$1,37%
Raynolds Co., Inc.—
preferred
Dixie
1
Quarterly
Chicago Yellow
■'
6 %
Co.—
a
Shore
***
(quar.).
com.
(quar.)..
Diamond Match Co.
$1.12'A
RR.
preferred
(irreg.)
(quar.)
preferred
&
5%
(N. Y.)—
Chicago & Northwestern Ry.
5%
Co.
Bridge
Rayon, class A
Supply Co. of N, Y.,
preferred
Devoe
Co.—
(quar.)
Chicago Corporation, com. (initial)
$3 preferred (quar.)
Chicago
(quar.).
(quar.)
Co.
preferred (quar.)
5%
i
(s-a)
Chemical Bank & Trust Co.
Stock
dividend
Chesapeake
Co.
Detroit Michigan Stove
25c
^
1
12- 1
.—
RR.
preferred (quar.)
Stockyards (Colo.)—
5'A%
25c
$4.50 preferred (quar.)
Chapman Valve Manufacturing
1
12-
of Canada—
Derby Gas & Electric Corp
—
Detroit Gasket & Mfg. 6% preferred (quar.)
25C
common
Extra
*■
Brook
International
Common
25c
Chain
12-
$1.12'A
15C
...
11-20
$37'Ac
15c
(quar.)...
.
(irreg. )**.*iYt_*^*i;.S
Co.
7%
25c
Co
1- 2
12- 1
Denver Union
62'Ac
Inc.
75C
$1.75
(quar.)—
Bound
&
Dentists
$1.50
Products—
Wire
Ribbon Mills,
preferred
Delaware
$1.50
(quar.)
Ohio
11-23
—
(quar.)
(quar,)
Co., common
.
(quar.)
Central
&
Detroit
$1.75
12-15
40c
$17»AC
Delaware Si Hudson
"
12-15
$1.12'A
(quar.)—
Delaware
12'Ac
11-30
25%
preferred (s-a)
1%
\
A.), Co
Co., class A
(L.
12-31
$2
$1.75
25c
Debentures & Securities Corp,
Deere
Ice & Elec¬
-
,
12- 1
Shares—
Insurance
Dayton Power & Light Co.—
4 'A%
preferred (quar.)
(quar.)
12-15
$1.25
pfd
conv.
Leather
B
12-15
5c
Manufacturing
Davis
Co.—
Louisiana
as
12- 3
933Ac
(quar.)_„.„
preferred
preferred!
Class
Maine Power Co., common (quar.)..
preferred (quar.)...——.I—STT,
preferred (quar.).—
6%
$$1.50
(initial quar.)
$2 pfd.
preferred
Foreter
&
Darling
—
Central
7%
Seal,
&
3%%
Co.
5%
Co.
12-17
—
Cork
Co.
(Mo.)
Curtis Publishing Co. $4 prior pfd. (quar.)
Cushman's Sons, Inc., V/o pfd. (quar.)
*
Electric
Formerly known
V
25C
.......
Zellerbach Corp.—
Curtis
preference (accum.)—.
Louisiana
12- 1
11-30
11-30
(quar.)
(quar.)
—....
(quar.)
Cuneo Press, Inc.,
(stock dividend)
4'A% preferred (quar.)
(quar.)
preferred (accum.)
tric
20c
75c
43
.......
preferred (quar.)—J!?
Copper Range Co.
Corrugated Paper Box Co., Ltd.—
5% preferred (quar.)
;
Creole Petroleum Corp. (year-end)
Crompton Si Knowles Loom Works—
12-10
1-2
50p
(quar.)
Service
12-15
prior
T'/e
Illinois
Public
12-19
1-2-46
...
preferred (quar.)........
Varnish Co., common
$3
Co.—
Tractor
11-20
5c
25c
...—
Cook Paint &
♦6 cum. preferred (accum.)—.........
Central-Illinois Securities Corp.—< :
»
75c
93 %C
end)
(year
preferred
(quar.)__
Continental Commercial Corp.-—
8 Vo
Central
Central
Co.
$3.75
Crum
(stock
Central
•
Can
Crown
&0c
A
12- 1
11-27
11-30
(year-end)
(initial)
Corp. of America
Continental
Foundry Co., 5% conv. pfd. (quar.)
Illinois Light, 4'A%
pfd. (quar.)..
6%
50c
$50c
31'AC
;—
(quar.)
Paper
(quar.)
Continental Aviation & Engineering
Crane
pid. (s-a)——*—
pfd. (s-a)
1st issue
5%
Ltd.
Co.,
Crown Drug Co., common
Crown Zellerbach Corp., $5
—
class
$2
Railroad
Caterpillar
St
(initial quar.):
...—
$4 convertible 2nd preferred (initial quar.)
(Irreg.)
Catawissa
Power
Water
Glass
Container
Corp.—
(quar.)
preferred
Consolidated
Boxes, Ltd.—
(accum.)
A
5%
Consolidated
held
share
(initial)
pfd.
Grocers
Consolidated
Crow's Nest Pass Coal -(s-a)*-*._—■
6% preferred (quar;)
Westinghouse Co., Ltd.
each
Quarterly
<;'■
Consolidated
dividend) one-fortieth share of common
for
.*
$4,20 preferred
Power,
Canadian
Co.
.
Corp., Ltd.
(quar.)
Natural Gas Light
11- 5
11-15
Ltd.; $2.50 non-cum. pfd.
(annual)....
Consolidated Edison Co. of New York, Inc.—
—
——
Western
Canadian
(quar.).*
Biscuit
Crown
(s-a).
(s-a).*
1
12-
Cigar Corp., $4.75 preferredDiversified Standard Securities
Consolidated
Engineering—
Shipbuilding &
A
B
11-5
12- 1
12- 1
56'Ac
preferred (quar.)———
6%
6% preferred (quar.)
Crosley Corporation
12-21
...
....
ii-ii
12-24
11-8
12-21
$
55c
...
..
Consolidated
11-15
12-15
$10C
^ Extra
Canadian
Class
$2C
$12'/ac
—
(quar.)
Canadian Oil Cos., Ltd. new common
&
11-15
11-15
12-"1
$25c
Common;
'
•;.•.r-^-;.
■-
$$1
Class
-
•
Ltd.— Y
Products,
Food
Canadian
_.•/ 1
$25c
——
—
1-15
1- 2
$25C
Y_
.
Co., Ltd.—
(quar.) YYYY—..............
Common
1-25
$$1.75 i
...
Canadian
Canadian Fairbanks-Morse
60c
preferred
preferred
Consolidated
10-18
11-21
2%%
12-51
14c
Mines, Ltd
....
Light & Power Co.—
(quar.)
$2.20
(quar.)
Connecticut Power Co.
(quar.)..
Connecticut River Power Co.—
•'
for 5'A%
Electric
Bread
Canada
/
Connecticut
(quar.)
rets,
dep.
California
,
Coniaurum
11-30
pfd. (quar.).
St Wireless (Holding) Ltd.—
Cable
-
12-1
12-8
25C
\
11-30
(s-a).
*$1.58
7%
Co.,
12-15
Confederation Lite Assn. (Toronto)—
M.¬
common
preferred
Water
Butler
11-30
12-15
■
preferred
participating
y
11-30
:
62'Ac
(quar.)
of Rcc.
12-15
Amusement—
12* I
—
(accum.;
Brothers,
4'/2 %
%%
1
i '
5c
preferred
Confederation
25C
—
Corp.
preferred
12-
12'/2C
—
15c
Extra
»*»»
Payable
Share
Kame of Company
Compo Shoe Machinery Corp., com. (quar.).
$2.50
(quar.)
Bush Terminal Buildings Co.—
Butler
H-15
Y t, Y<
Hoiamrt
When,
per
<Y«
—
*.*
Mills, common (quar.)
4% preferred
(quar.)
Burroughs Adding Machine Co
7%
of Rec.
12- 1
$l2Va
Burlington
Burton-Dixie
t
1
11-24
preferred—*—.——
Mining & Concen¬
5%
>,
Payable
Share
Y'Yv'Y
v;
Sullivan
Si
(quar.)
trating
YY
Name of Company
1
H older»
When
Per
■■1
Inc.,
common
:
■&,
Monday, November 19, 1945
'!
*
yolume 162
.ff4#r'-k,
1
.
Number 4439
' i.'-:
"
,V'f.
THE COMMERCIAL & FINANCIAL CHRONICLE
2435
1
'
i
?
V
;*%: V;
.
•
' J;
(
v«
V
f.-;
'
'
.
Per
Year-end
•jlntertype
Utilities
__
•'V
(quar. )*:.*_*_**:
-
Iron Fireman
Manufacturing Co. (quar.)
•♦Island Creek Coal Co., common
(quar.) _*_*
prclererd
Island
'Isle
,
(quar.)
Mountain
Royal
;
Mines
Copper
Co.,
12-
1
12-
1
11-10
12-13
; ii-3o
12-14
6%
preferred
12-20
11-17
6%
preferred
Jones
&
preferred A
preferred
(quar.)
Kalamazoo
k
V
B
Manufacturing,
(qttar.)
(Julius) &
7%
:
•
15c
(quar.)
**I—/.*i.-,
—
—
:
Extra
I
8%
r;
*7%
preferred
12-24
12-15
Mission
11-15
12-12
11-20
Missouri
12-12
11-20
12-1
5%
(quar.)
;
/*;.''|f':t£ Extra
Lane
*****
7%
1
5%
preference
.-.4 5%
preference
11-15
12-15
,,
11-
,
1* 2
>
^ 12- 1
11-19
4 12»- 1
11-19
C
"
11-20
11-
12-
1
11-
1
12-
1
11-
1
Monroe
9
12-
1
11-20
12-
1
11-20
Ohio Seamless
12- 1
11-20
preferred
$4.50
preferred
$4
2-22
12-15
11-15
34%c
75c
12-1
11-27
Ox
12-
1
11-10
Oxford
12-
1
11-10
Pacific
11-15
each
$$1.75
12-15
11-15
$31%c
12-15
11-30
12-
11-15
Montreal
12-10
11-26
12-^ 1
Morgan Engineering, common
Prior preferred (quar.)
&
Mortgage
(quar.)
1
11-19
12-1
11-15
Motor
Finance
12-15
11-28
Motor
Wheel
20C
11-30
11-20
Mount "Diablo
62Vic
12-
5c
s
Morgan
(J.
P.)
Co.,
&
,
1
12-14
11-30
11-17
30c
12-10
11-16
*"$2
*
*
/■y Laura
®
Secord Candy
Lawyers Title Insurance
v
'6%
preferred
* Leath
:
Ltd.
Corp.
(quar.)
——4—z/i—
:
50C
•
Mullins
J
11- 5
12-
1
11-0
1
11-9
$1.75
12-
•
12 Vic
I
1
12-15
12-
$1.10
•
1
12-1
12-
?
•
Extra
~:Class
4-
B
(quar.)
4-
$2 classs A (quar.)***
'•
Link
Co
Belt
12-1
11-13
1
11-13
>
5%
12-
1
11-15
4—
50c
12- 1
11- 3
20c
11-30
:1w4'.
25c
12- 1
i
$1.12Vi
2-1-46
-
Lionel
Corp. (quar.)
5+ Liquid Carbonic Corp. com. (quar.)—..
:i
? 'AVa'/c preferred A (quar.).4—
—:_little Miami RR. (originial stock) 4.
J -Special stock <quar.)/_._^__—
Lbblaw Groceteries Co., Inc.
Y.JClass A
,
•
Class B
12-
75c
12- 1
11-20
1
1
11-
—
t25c
.12- 1
,
12-
Lock Joint
Pipe Co., 8%
pfd.
11-
1
6*
I 12-22
—
$1
11-30
$1
'12-31
12-21
25c
12-10
12c
12-
(accum.)_
12-
10c
11-16
1
1
11-
3
.
Natomas
I
Lord
/
Los
•;
Ludlow Manufacturing & Sales Co.
&
Taylor,
6%
1st
preferred
Angeles Transit Lines,
Louisville
11-20
1
$1.50.
12% c"*
common
(quar.)
_
12-1
12-29
12-
1
11-
1
<(quar.).4_*.
88c
12-13
$1.62%
1-2-46
M.^J. & M. Si M. Consolidated (s-a)
/
v
2
%c
%c
12-15
12-15
11-26
$25c
11-30
! 11-10
25c.
10-31
$5
(quar.)
Manhattan
i
Co.,
/;tion
Masonite
4 M»,%
?
Co.
(B.)
Ltd.,
(quar.)—
Marine
dep.
May
11-10
12-
25c
(quar;)-———
common
1-
Aviation
;
2
/
11-30
87
42 %C
Stores common--—~44
preferred (quar.)
-^4-—«—
Kaiser Co. (quar.)>,__>^
93 %c
1
25c
12-1
11-20
11-10
11-20
$5
"
.
McClatchy Newspapers, 7% pfd. (quar.)—McColl-Fronfenac Oil Co., Ltd. (year-end)
—
43 %c
$1
12-10
11-15
$50C 441- 2
'
12-1
$1.50
11-19
(•>
1
11-
11-19
10c
9c
11-26
9c
1-
2
mu
McKesson
&
Robbins,
Inc.,
common
-
series
'
-
7
—--—.
v
.•44
.
44v$l4
preferred (quar.)4——/——•
;i McKinney Manufacturing Co. (initial)
-'-15% conv. preferred (quar.)
—
Mead Corp., common4
——
?£/;—' Extra. —4—.W/.4—44—44!—■
'4$5.50 preferred series B (quar.)
v
. $6
preferred series A (quar.)——
Meadville
Memphis
10c
12-
Telephone Co.,
5%
pfd.
'4
12-17
$1.25 ,44.1-f 1
15c
J
Poor
series—;l*...*4—_**/**':
11-26
6%
Power
6%
6%
•■
11- 5
20c
11-26
11-26
11-26
11- 5
'/
i6%
' /
5%
preferred
1st
(quar.)
s
—
preferred (quar.)—.—.—.———.
Merchants
Merchants
-
Bank
Fire
of
York
New
Insurance Co..
(stock
7%
div.)
Public Utility Industry series.*—*
Extra
:
:
•;• 1*: 2 * •'
12-15
:
12-
12-14
Extra
,
Messenger Corp.
Metal & Thermit
Meteor
Motor
Metropolitan
Car
J.
30c
•/■•'
12-
25%
1
Tobacco
12-10
12-
3
Extra
2-
1
12-
12-15
35c
12-10
12-
12-10
25c
97Vic
1-
2
:•
1
11-20
12-
3
4
Fund
Common/
preferred
11-26
11*26
11-26
11-26
11-26
22c
-
11-26
50c
class
11-20
12-
1-'
11-10
11- 8
12- 5
11-20
12- 5
11-20
12-10
u
& Co.,
11-23
1-2-46
12-
1
1-2-46
12-
1
20c
12- 1
11-12*
' $1.50
•12- 1
11-12*
4
i
50c
442- 1
11- 2
30c
(quar.)
12- 1
11-13
1-15
Ltd.—
'412-
'2% %
15C
44
10c
(quar.)
IOC
*
******
Chocolate
'
11-20
12- 1
40C
6'
1* 2
4
10-11
11-19
12-
11-20
11-
11-20
•••
11- 14
1
Co!—~
$1.50
12-
11-15
$1.25
12-
11-20*
$1.37%
12-
$1.75
12-
$2.50
i'4 /1- 2
(quar.)
11-16
1
.11-20
'i2-i5 :t
25c
12-22
•11-16*
1%%
Co.
12-22
11-16*
(quar.)
i
I
A
11-17
10c
12-18
20c
12-
1
11-15
37 %c
12-
1
I 11-15
•11-15
v.
,•
35c
12- 1
$1.37%
12-1
11-15
$1.50
12- 1
{H-iS
$$1.50
1-15
12-20
$75c
1-15
12-20
1
11-15
(quar.)
58 %C
preferred
preferred
preferred
58%C
50c
4
50c
41%c
*
412-
1-2-46
12-15
1
11-15
1-2-46
•'12-15
1212-
1
11-15
12-13.
11-15
50c
412-15
.11-15
$1.75
.12-15
11-15
$2
: 12-15
11-15
New Jersey—
;
*
85%c
pfd
Service Co. of Oklahoma
$1.25
preferred (quar.)
preferred (quar.)
Oil Co.,
common
$1.75
;;
3
12-31
12-31
11-30
11-30
9
1
11-
$1.25
1-
1
12-10
40C
12-
1
11-19
12-
1
25c
•4
convertible preferred (quar.)
12-
12-
4
*
4-
•
Refining
40c
11-19
1
$1.50
11-30
11-
25c
12-15
11-30
$25c
11-26
10-19
$13.50
preferred (quar.)*
(quar.)**
Quebec Power Co. (quar.)
Railway Equipment & Realty—
y
12-15
11-30
;
*
.
6%
1st preferred
The above
11- 5
11-26
11-20
/
$1.50
Purity Bakeries Corp. (quar.)
Extra/": **./»ii*/^i_*/*/*.i4i.*z*/***i/*i*,
11- 5
11- 5
11- 5
11- 5
Dock Co.
—
(quar.)
11-26
'11-26
12-10
*
11-20
dividend
Quaker Oats, 6%
Quaker State Oil
11- 5
11-5
11- 5
12c
-•
1
12-15
5%
11- 8
11-26
12*
1-2-46 •'
7%
II- 5
.
23c
23c
Shares
Newport News Shipbuilding & Dry
$5
11-26
■-i $1.75
$1.25
$5
11-5
11- 5
"11- 5
$1-09
Investment
Speculative
&
Oil
12-20
11-30
1
$1
common
*
Nut
1
12-
(quar.)
*
1-15
12-
41%C
Pure
11- 5
H-26
25c
Extra
5
11-26
11-26
11c
series
——
Diversified
11-15
> 4c
11c
4
-
Industry
Diversified
1
12-
■
12-
; n-io
1
$1.50
(quar.)*
5%
Public Service Electric 6c Gas Co.—
11- 5
18c
13- I
$1.75
$1 25
preferred (quar.).**.*
preferred (quar.)
Corp. of Canada—
1st preferred (quar.)
non-cum. partlc. preferred
Public
11- 5
11-26
.220
—
4
Extra
12-1
11-26
49c
4
series
Extra
—
(quar.)
:
Industry series
Equip.
Industry
5
$3.50
(quar.)——
pfd.
Railroad
.
25c
Co.—-
3.9%
12- 5
25c
V
;
Corp.
Edison
v
—
.
3- I
11-
12-10
15C
preferred (quar.)
preferred (monthly)*:
preferred (quar.)
8% preferred
(quar.)
11* 0
55c
—
Extra
3
vrSteel
•:
$1,62%
pfd
Merritt-Chapman & Scott Corp.—
6V2%- preferred (quar.)
•.
21c
Railroad series
'
12-20
k
(quar.)*-
$5
11- 5
11-26
11c
11-20
11- »
11-15
6%
.
11- 5
11-26
' 21c >:
34c
—-
*
11-15
Mercantile
f
/ ■
11-26
10c
•
4*11
4-1-46
2-15-46
43* 1
*
preference
Public Service Corp. of
J11- 5
11-: 6:v
11-264. 11- 5
11-26
11- 8
11-26
11- 5
78c
—
11-20
11-15
13-19
7%
11- 8
.
11-26
2lc
*
series
Extra r *_.*j.*-'—i•"
7
'
10-31
1-2-46
$1.10
;
(quar.)
$6
(monthly)
(monthly)
6%
(monthly)
6%
preferred (monthly)
5% preferred (monthly)
5%
preferred (monthly)
7%
7%
11- 5
11c
7
1
11-30
11-17
1
Public Service Co. of Colorado—
11- 5
7c
■
.
12-
12-
12-
12-10
40C
5%%
11-5
11- 8
11- $
n
11*26
28c
——
-
,12-15
$3
•4,
11-20
Potomac Electric Power Co.—
11-5
y
lie
Extra—-.——-.—.
Extra
11-30
20c
Mining Co
Co., class B
&
$1.50
11- 8
11-26
24c
J
Equip, Industry serles-*-..z4—
Merchandising series
4
12-15
••••
conv.
Stock
11- 5
Oil Industry series
V
$$1
/'
Co
&
Co.,
preferred
Planters
11- 8
—.—***..
12-
$1.50
62 %C
1
,
.11-10
:25C
.
11- 5
11-26
11-26
:4'/.)V,.::;'_
12-1
•
15c
IOC
(s-a)_—
12-
/•
1
3
25c
11-5
11-26
Extra
11-20
12-
$15c
$1.50
preferred (quar.)
Potash Co. of America (increased)
11-26
-r
•
1
(quar.)
11- 5
11- 5
14c
Metal
4
1* 2
12-
:
,
$1.37%
Natural Gas (irreg.)
a.
w
Acceptance Corp. of California—
1-15
1
1
12-
(s-a)__i*
preferred (quar.)
Pittsburgh Steel Co., 5%% pfd. (accum.).*
Pittsburgh Youngstown & Ashtabula Ry.—
7%
preferred
(quar.)
'
—
,
/
1212-
85C
Polaris
9c
■
-■/—$4
25c
60c
11-5
11-8
82C
;
11-20
7
60C
11-26
30h
********
—
11-5
11-26
11-1
12-15
35c
(quar.)
1
11-20
11-
50c
11-26
'/■■■(■' 26c
--.4—3c
Machinery Industry series.*.'.*—*-**--*» '
I3C
'
$55 %c
1
$$1.75
(accum.)**
Pittsburgh Bessemer & Lake Erie RR.
8% preferred (s-a)
Pittsburgh Coke 6c Chemical Co.—
11-9
11- 9
11-26
11-26
11-26
444 Extra
11-28
12-
20C
Publishing Co. (year-end)——
Mclntyre Porcupine Mines, Ltd. (quar.)—^
11-15
12-
7
$1.37%
Corp.**
*_**/__*_*_
Extra
11-9
29C 4 11-26
'• 11-30
12-10
McGraw-Hill
'
11-26
25c
*
Pltney-Bowes Postage Meter Co.
$5
11-26
11-26
Stock
11-30
12-
50c
-
12-20
$25c
(interim)
Piper Aircraft 60c. convertible pfd. (quar.)*.
11-20
12- 1
47C
Insurance
11-15
$5c
:
*!!!!
Bank
preferred
Co
Brewing
preference
$4
11-30
Food Industry series^4 4
11-28
1
12-
11-16
Amer. shares ordinary registered
•
■'
11-19
50c
•"'
(quar.)
6%
Pinchin, Johnson
11-30
50c
Inc*
Mulllken
Co.,
Plymouth
Industry series
Extra
1
11-
11-26
36c
Exchange
Pillsbury Mills Co.,
11-16
12c
4/
11-13
-
for
preferred (quar.)
Phillips Petroleum Co. (quar.)
11-26
12-15
:
11-15
$5)
6%
11*19
12-15
16c
*
.—*—
to
Philadelphia Suburban Water Co., common*
11-19
25c
Industry series
series
1
stock
common
(quar.)
(Charles)
-Extra •
10-22*
25c
/
A
Philadelphia
6*
$1.25
Extra
Electrical
11-20
11-30
/
12-15
:Extray;i-li-*^.^>.-.-
11-20
12-1
70c
t
1
12-
1-2
12- 1
$1.50
-J—*—.—
11-13
1-
11-23
held
Oil
Phelps-Dodge Corp.
»
Chemical Industry Series
t
11-15
/.
12*
Pfizer
12-10
29o
Business Equip. Industry series....*—13c
11-20
12- 1
"•:
35c
McEwen,
Pfeiffer
11-15
11-
Paul,
Pettlbone
5
12-20
25c
15c
——
—
class
Pfaudler
11-13*
12-
26c
Dist.
is
Extra
A
11-30
$1.27%
(s-a)
Building Supply Industry series
Extra
e/my /y. r'P • "
r
r
..
Peter
11- 8
12-31
12-10
12-10
12- 1
12-10
12- 1
12-15
*
^
11-19
12-24
«
9
12-1
12- 1
-
Bank Stock
11-19
1
1- 2
12v
•4 $1".
(irreg.)
1111-
25c
4,4.Extra
•
u- 6
12-10
$1.12%
Insur.
3
12-1
12- 1
12- 1
60c
(irreg.)—.
Automobile Ihdustry
11*10
1
1-11
2%%
(final)
d 7^ preferredMay Department
:$3.75
1
12-
50c
:•
8
ll-~7
*
Extra
JUcohol
Communica-
receipts
Matthlesseirtk Hegeler Zlno—»
.
25C
——
-preferred- -(quar.)—
Massachusetts Plate Glass
4
:
11-24
12-
2
$1.75
25c
20c
$1.07
35c
$1.12%
$1.75
Participating stock (s-a)
11-24
12-
•
(year-endU^—
Co.
Amer.
Corp.;
25C
—
International
Marconi
/
/
Shirt
Manlschewitz
s
12-'8
$1.25
—
—
preferred : (quar.)
1
11-20
$1.75(
York. Stacks, Inc.—
Agricultural Industry series*—
Extra
25C
«'« Common
1-
15c
(quar.)
shares
of
changed
$7 preferred (quar.)__-_*
Peoples Gas Light A Coke <ouar. »_*_
Peoples Telephone Corp. 4%% preferred****
Peoples Wster & Gas, $6 preferred
Perkins Machine & Gear 7% pfd. (quar.)**
New
4 11-15
11-30
25c
preferred
Founders
11-15
11-17
11-25
5.10%
12-
New York Shipbuilding—
10-31
25c
•
—
Mackintosh-Hemphill Co. (quar.)——^4—
Maclaren Power M Paper Co. (quar;)
Macmillan Company, common (quar.)——
Madison Square Garden——,—
Magazine Repeating Razor Co.—
S
-
$3
be
common
$1.40 class A (quar.)***..**.
Pennsylvania
12-20
$1
*
(quar.)
Zinc Co.
11-21
44
$1.75
Pennsylvania Electric Co.—
4.40% preferred B (quar.)
>
12-28
*
5%
11-21
40c
>*_____
-•
15c
(irreg.)**
preferred (quar.)
Inc.
Bros.,
New Jersey
12-15
Co.
Company
11-20
Pennsylvania State Water Corp.—
50c
(quar.)
New York Air Brake Co.
(quar.)
****i**
New York State Electric & Gas Corp.—
>,
12-22
1-
RR.
Co.
Extra
12-10
12-15
Neisner
11-17
$1.50
(quar.)
II Lunkenheimer Company, 6Vz % pfd. (quar.)
Lynchburg & Abingdon Telegraph Co. (s-a)
&
Nashville
11-20
12-
25c
$1.75
Automotive
Neiman-Marcus
12-1
$1.25
*5% participating preferred (quar.)—
'Extra'rz—4444-^/^z-Q-.4//_z4-4/.-.z_/—
pfd. Class C
Tea Co.,. common
National Terminals Corp
Longhorn Portland Cement Co.—
«
///:.
7%
National
n-13 ;
,
Acme
share
to
share of
Western
$1.40
•
11*15
12-15
25c
*—******
National Gypsum $4.50 preferred (quar.)***
National Lead Co., 7% preferred A (quar.)*
National Linen Service Corp.
(quar.)—_*„,
11-20
—_.
—
—'
i'i Lone Star Gas Co. (year-end)
/: Long Bell Lumber
(Md.), class A
Long Bell Lumber (Mo.)'444—
;
i
—
.11- 6*
1-2-48
$2
(quar.)
—
6*
11- 6*
12-" 1
Corp
*
11-16*
12-
fl2Vic
,•4
" Monthly
^'./.Monthly
;
12-
t25c
J,*' M **
$1.50 ?
—
Fibres, Inc.—
6"% -convertible preferred (quar.)
National Biscuit Co., 7% preferred (quar.)*
National Cash Register (year-end)
National Casket Co., Inc., $7 pfd.
(quar.)—
National Container Corp.
(increased)—*_**
National Cylinder Gas Co., common (quar.)
4%%
preferred
(quar.)
National Dairy Products Corp
11-24
:20c
♦■»-
1
11-19
12- 1
12- 1
$1.50
of America—
/•;
11-24
tU'/zC
preferred-*-
(quar.)
Chattanooga & St. Louis Ry. Co.*
National
12-10
6%
$$1.25
(irreg.)
Co.
Telephone Company—
(quar.) *
Common (quar.)
*
11-20
12- 4
50c
*****—**
Nashua Manufacturing Co.,
Nashville
t
■
'7 National
50c
Extra
i
Nachman
/
1-15
12-10
Co.,
Chemical Co.
preferred
rr-15
$1.10
(quar.)——
(quar.)
■6%
'
..-'4—
—
Mutual
•
'
'
(quar.).—
Extra
Muskogee
.
12-
"
(quar.)
;•/
50c
'75c
•
-4.
Extra/ -4__i4_-_-l4'44-_/™--/4r44_444-''
line Material Co. (stock dividend).
•*L
1
1
12-20
•/
Common
11-19
50c
r
12-15
12- 1
12- 1
~
i
11-15
1
12-20
.
$15c
7% preferred (quar.)
Peabody Coal Co., 6% preferred
Pennroad
Corporation
(irreg.)
11-10
1
$1
$1
-•
Murray GorpvmF America (year-end)
Muskegon Motor Specialties—
11-13
12-15
12-
11-20
Peninsular
$4
11-13
50c
11-19
25c
8% pfd. (quar.)**
Line,:Inc., $4 preferred A (quar.)**
preferred B (quar. )___***
*****
*
Murphy (G. C.) Co. (quar.) _*****_**_***-_
1
75C
•
11-15
12-10
$1.75
$2
z.
Muncie Water Works Co.,
12-1
11-
(quar.)
Mumon
44
11-10
•-
(s-a)
12-3
Manufacturing Corp.—
$7 preferred
T
pfd. (quar.).
Liberty Fabrics of New York (initial).
life Savers Corp.-(year end)—
__4z
/
Liggett & Myers Tobacco Co., com. (quar,).
z v-
12-15
12- 5
lc
11-20
1
12-
35c
$1.50.
Dredging (Interim) T
Paton Manufacturing Co., Ltd., com. (quar.)
11-15
30c
Extra /*__*
12- 3
12-
12-
/
37 %C
\
1
12-31
1
12- 1
10c
Pato Consolidated Gold
lc
2-
11- 3
12-10
10c
■
Mining & Develop. Co.—
Mountain Fuel Supply Co
Mountain Producers Corp.
12-15
12-
25c
Oil
Quarterly
1- -14
.-••412-15-.
50c
;
:
1
1*/1
'
$1.12 Ya
(quar.)
Lexington Water Co. 7rU
;
1-
■f.-
62 Vic
/*
—
Common
1
12-21
12-31
lOC
.__*z*
/if Lfe Tourneau-(R.
'*
1 ••'"11-
"
$3
.
'
(quar.)
Lehfgh Coa4 & Navigation..—
G.) $4.50 preferred (quar.)
*
'
12-
(Va.)—
(s-a)
Co., common
^ " $2.50 preferred (quar.)_—
'/
$20c
—
'
&
Extra
4
Shops,
(initial)—*
5
12-10
M-l-
(quar.)
$5.50 preferred
(quar.)
Paterson-Sargent Co. (quar.)
•
p. Lanston Monotype Machine Co.
12-
12-20
20c
>
_______
11-30
25c
Inc.*
Corp. (quar.)
Corp. (quar.)_***_
7
12-15
t$3
v
Corp
Pamour Porcupine Mines, Ltd. (interim)
Parker Pen Co.
(quar.)
Farkersburg Rig & Reel, common (year-end)
Common
*-*_*».**.*
.»****.***;
12-19
11-
*70c
preferred (accum.)
Co., stock dividend—
value
1
25c
additional
Pacific
11-19
1- 2
20c
v
25c
•
11-10
11-10
12-
12- 1
•
„
Brush
Can
One
12-15
12-15
.
Paper Co., $5
12-15
1
25c.
Fibre
(par
$$1
10-26
'.*.
;**__*.
preferred
$2c
(quar.)
12-28
1
Common
11-10
12-
;
11-23
11-1*
10c
—
1-1-46
convertible
12- 1
10c
_•_
2-22
•
___*
I
2
11-27
Co., common (year-end)
preferred (quar.)
*
Ottawa Light, Heat & Power Co., Ltd.—
12- 1
conv.
12-
1-
12-
6%
$2
Cottons, Ltd.,
preferred (quar.)
12-15
Otis Elevator
$2.25
;
11-19
11-23
$2.25
11-15
'
11-23
4-1-46
$1.50
11-15
(s-a)
12-1 •c
•
12-15
12-10
1-1-46
(s-a).
Montreal
15c
$25c
B'Gosh, common-(quar.)
Extra
■
A
30c
:—
Oshkosh
11-15
(quar.)
5% preferred (quar.)
Outboard Marine 6c Mfg.
(s-a)__
'
:
11-15
1
$$1.25
11-30
$$1.75
*
J9*
11-13
$$1.25> 4-1-46
11-15
Loan
*
12-1
■
12-15
">
Ontario & Quebec Ry. (s-a)
>_—/_!!!!!.
Orange Crush, Ltd., 70c conv. pref. (accum.)
Orpheum Building (s-a)
50c
*
12-15
7%
Corporation
11-16
t$1.75
t$1.75
15c
4
.:;/•• 50c
*
11- 9
t$l
*
(quar.)*„_;
12-14
11-13
43 %c
common
11-30
$1.25
2
1
$1.12%
■4;
40C
(quar.)
25c 1
(quar.)
/
20C
_
Tube,
preferred
12-18
11-26
:
1-
12-
$1.75' prior preference (quar.)
B
preferred C
4%%
11-16
87 %c
4:., 25C
'IV 25c
*
11-19
t $ 1.50
"
!!I~!**.I.
Company***
Extra
30c
Loan
$4.50
I.*.
^
(quar.)
Ohio Power Co.
$1.25
Society 5%% pfd. (quar.)
Monsanto Chemical Co., com. (year-end)__*
,
preferred
Oil
11-24
Moneta Porcupine Mines*„_»«.*z*
12-14
Ohio
11-24
11-19
1
12-10
15c
Co
1
12-
$1.75
12-10
4*
12-
$1.50
Oliver
(quar.)
(quar.)
(quar.)
12-12
(quar.)
$1.06
pref. (quar.)
11-10
12-12
1-1-46
(quar.)
12-10
$1
12-15
11-26
1-1-46
62 %C
'
__
Pharmacal
$1
(quar.)
1-5-46
preferred
25c
(quar.)*
common
25c
preferred
7%
4
4.
12-15
35c
Co., 7% pfd. (quar.)
Light & Power, 6% pfd. (quar.)
Nu-Enamel Corp., 60c conv. pfd. (quar.)***
..Oak Manufacturing Co.**.__.___.:
Ogilvie Flour Mills, common (quar.)
11-19
$1.50
1-5-46
37 %c
common.**!
Co.,
Norwalk Tire & Rubber
1
11-15
7%
11-19
12-
10-31
1
25c
Nova Scotia
12- 1
..
10-31
11-27
6%
Norwich
4
-
3
12-
$1
(quar.)
25c I
Monarch Knitting Co., Ltd., 7%
11-15
t30c
—**.
r
(irregular)
Co.,
preference
____
z.
class
Utilities
1-15
$1.25
:_*
(quar.)
1-12-46
4
$1.37%
preferred
1
$1.50
•
-
__
Bryant, Inc.
11-20
$1
-
12-10
Northwestern Public Service Co.—
11*15
12-1
•
•
...
100%
2-
t$1.75
^Lane-Wells Co. (quar.)_„
12-15
gl
■
Service*
12-14
10c
Foundry & Machine Co
Lamston <M. H.) Inci* common../—
Preferred
—....
(quar.)
Mitchell, (Robert) Co., Ltd
Mohawk Carpet Mills, Inc.
11- 9,
14c
La key
•
Public
411- 9
*__
% ,5% preferred
11-15
.i_
Corporation
1
IOC
Woods Milling Co., Ltd.—
Common
(quar.)
7% preferred (quar.)
Lake
12-15
12-
2
11-27
$1.05
^
Leather
2
1-
96y.»o
*****
B
Northwestern
7</2c
(quar.)
1-
7iy«c
—
Northwest Bancorporation
11-15
1-
Mining & Manufacturing Co.—
1-2
■; Lake Shore
•
Class
12-7
^
preferred
Missouri
50c4*.T2-
;
Mines, Ltd. (quar.)— /
Superior District Power Co., com
7
2
.
(quar.)
Corp
Water, $4 pfd. (quar.)
Aircraft, class A_l*__
12-15
Stock dividend
12-15
11-15
Lake of the
4
12-
12-20
50c
$1.27Vi
(quar.)
$1.50.
JLa Salle Wines & Champagne, Inc.
;
•
Northrop
$1.25
(quar.)
Minnesota
11-30
40C
4 .4.
-
11-24
20c
—
-
7
4: >'
$1.75
—
12-
^
preferred class D
12-24
I;
15C
_
\
pfd. (acctim.)
Manufacturing Co., Inc.—
__4
4%
2'/2C
7%-2nd preferred (quar.)
,
4Vi %
10-31
$1.50
Kroger Grocery dc Baking, common (quar.)*
La Plant-Choate
10-31
-
:;KresS;;(S.riH;)/^-<;o.-;iqua^«44:wJX»^J^--i^
•
12-20
1
37 Vic
.
100
Northeastern
4
'
div.)
for each
Elec.
4c
preferred class B
11-20
30c
;
jKysor Heater Co. (quar.)
; lift France Industries, 8%
1
1
12-
$2
Extra
4%
&
6% preferred (accum.)
5%%
preferred (accum.)
.
11-
(quar.)
Reclaiming Co.—
$$1
(stock
common
Gas
North American Investment
50c
(quar.)
preferred (quar.)„
Common
':••
.
5C
*
1st preferred' (quar.)
4
12-
(s-a)
preferred
Co.,
Pac.
of Ree.
11-14
11-15
12-10
12-14
$2.50
(quar.)**:
shares North American held******,
5%% preferred (quar.)**
'
y
12-15
American
share
12-15
$1.25
preferred
common
preferred
11-20
,„r,
■
,i
•
II-30
=
*'rr4*.„,*
/1-2
Ltd.
Mines,
4425c
Hart,
1st
50c
-,r
*
—
——**
—$1.75
preferred
6%
11-30
12-20
/'
.
!
12-15
(quar.)
Co.,
Rubber
&
8C
*4**
_*_
1- 2
Participating
5%%
11- §
12-20
5%
•
.
%:'p
11-23
_
J*
Knudsen Creamery Co., common (quar.)
12-24
25c
-
'
50c preferred ' (quar.)__*_
Koering Company (irreg.)__
Kresge <S. S.) Co. (increased)-
•
5%
11- 1
12-29
$1.50
.
—L.
Fund
.—•
11-20
12-15 '
.
Minneapolis-Honeywell Regulator Co.—
___
*4 "Special'
Extra
1
w
1- 2
Inc., $1 prior pfd. (irreg.)__
Minneapolis Gas Light Co.— -.44
./
4;
5
12-
$2.50
/
'
y
12-
12-15
87 VzC
Stock dividend
Knickerbocker
12-1$
$1.50
(quar.)
rt* preferred
:
$5.10
(quar.))
;;
$5 prior preferred (accum.)*
/Klein <D. Emil) &
Co., Inc. (quar.)
•
4
Midwest
5
f
Keystone Pipe & Supply 5% preferred (s-a)
Kinney »G, R.) Co., Inc.—
>
,
12-
40C
•
...
,
Oil
preferred
Miller
Co
Junior preferred
preferred
8%
Vegetable Parchment Co.—
Kentucky Utilities Co.— t
,
12- 3
2
12-15
2c
--
one
1212-
$i^o
(quar.)
non-cumulative
8%
12- 3
1-
$1.25
12-
North
12-15
Oil
Midwest
3
l- 7
$1.25
>
--—-i'
/_*_—*■
-Common
Kayser
$2
I-18
i
11-21
11-15
.4
Corp. (irreg.)
Corp., $2 conv. pfd. (accum.)—
Midland Steel Products Co., common
(quar.)
Midland
11-27
1- 2
50c
•
-;r:
common
2-1
12-12
1
1
1- 2
$1.50
1940
'
(quar.)***—___
5%
Justrite
12- 6
:
10c
(extra)™:.
.*„z/*:_.i
Steel Corp., com. (quar.)
5%
/•;;
V
12-20
50C
$1.06 V*
Johnson
Laughlin
12-20
25c
•
11-26
12-6
Noranda
25c
(quar.)_-
(quar.)—
series
Norfolk & Western Railway Co., com. (quar.)
;
•
Payable
Share
1-1-46
$91
pfd.— ?K '/
$1.18%
7% preferred (quar.)
Mid-Continent Petroleum
11-23
12-15
""
15c
—
,
12* 1
$1.25
"
r
11-5
12- 8
30c
*___
.
&
Junior preferred
+4c
Jantzen Knitting Mills, 5% pfd/ (quar.)*—
Jefferson Lake Sulphur (initial)
; Jewell Tea Co;, Inc., common (quar.)
;
Special -_*__'**__
/.**_
preferred; (quar.)****—*/—**_**—
Johnson
$6
JVame of Company
4
Boldera
When
Per
Holdert
vf Rec.
When
Payable
preferred
Quarterly
-—-1
Michigan Public Service, common
v
1-2-46
_
:
11-15
25c
Per
Share
■'
.r
'
Michigan Consolidated Gas Co., 4%%
$1.50
»„•
Ltd.*
(irreg.i
•41- 2
30c
i'/
'
$6
1-17
50c
■
:;
V;>
t.
Hame of Company
Metropolitan Paving Brick, 7%
;/
11-15
"v
50c
___
Corporation
12-1
-:r." 4
>
of Rec.
Payable
37 Vic
(quar.)*:
Holder a
When "
'
Share
Name of Company
International
4
i
payments clear all arrears.
Ray-O-Vac Co. (quar.)__*___
Reading Co., 4%
1st preferred (quar.)
Regent Knitting Mills—
4
•
i
$1.60 non-cum. preferred (quar.)
Reed-Prentice Corp. (year end)
Reliance Electric & Engineering**.
Reliance Grain Co., Ltd.—
"
"25c
50c
12-
r
12-13
11-19
11-21
11-
1
50c
12-12
12-
5
25C
12-28
12-18
$$1.62%
12-15
11-30
2
11-30
$40c
12-
1
.
50c
12-1
11-15
'6%%
preferred
$1.25
2- 1
1-15
6%%
preferred
(accum.)
(accum.)
$$3.25
1-
THE COMMERCIAL &
Share
Hame of Com-oanv
Remington Rand, Inc., common-Inc
Motors,
Spring
Rheem
Valley
iyear-end»__
preferred (quar.)___
Gas,
Robertshaw Thermostat
Rochester
vtc.
Electric
&
Gas
General
15C
12-14
Other
11-26
12-1
•
Extra
_____
Saco-Lowell
St.
Shops
(quar.)
Joseph Water Co. 6%
Francisco
ttan
—
pfd.
Remedial
(quar;)--
Schiff
Company
(quar.),
Company,
preferred
$4.50
preferred
Seaboard
Oil
Seaboard
Sears
87VaC
12-15
.12-13
2-1-46
2-1-46
11-30*
1-18*
1-18
12-15
11-19
i 12-10 '
12- 1
11- 5
11-10
12-10
11-10
(quar.)
25c
30c
25c
______
Co.
8urety
Roebuck,
——
Delaware
of
Co.
-
common-(initial quar,)
new
Extra
$5
lstprexeired
25c
>
__
Seattle Gas Co.
'
(quar.)-
*-
——
''
Sheaffer
(W.
Extra
'
Shelier
A.)
iquar.)
Co.
Pen
-
Manufacturing
Sherritt-Gordon
Corp,
(interim)——
Mines
Sherwin-Williams Co.,
4%
pfd.
——
<quar.)_
Slgnode Steel Strapping, common
5%
preferred
(quar.)
—
Silverwood Dairies, Ltd.,
common
(accum.»
40c
participating preference
(s-a»
,
Simon
7%
Simon
&
(Wm.i
Simonds
Siaco
Sivyer
Brewery
Saw
Gold
Sixth
Sons.
Ltd., commonpreferred (quar.)
(H.)
(quar.)
Co.
—
——
.
_
(year-end)
Ltd.———
Mines,
Castings—
Steel
&
Steel
&
——
B'way Bldg.
(irreg.)
ctfs.
partic.
Skelly
Oil Co._—
(A. O.) Corp
Socony-Vacuum Oil Co., Inc;
Solar
Aircraft
Solar
Co
convertible
6%
Co.,
Pulp
preferred
B
Common
Power
li-26
.
i-, 12-15
1-18
$4.50
12- 5
11-17
terest.
12- 1
11-28
1-15
101',2
Standard
Chehiical
Co.,
11-24
12-15
40c
12-1
;
Standard
Standard
Oil
of
Oil
Co.
Extra
Standard Oil
0,Ex^ra
Standard
^
Oil Co.
Standard Tube
Standard
preferred
(A.i
&
Drug,
&
25c
12-15
11-30
Storkline
(S.)
—
Fuller
prior
II
IIIII
Co.,
6,/a%
Co_
preferred
,
12 Vac
IIIIITI
t75c
v
25
Swan-Finch
4%
37>/2C
2nd
Oil
Corp.,
Industrial
Extra
(quar.)
10c
v~o
Gold
V
v
Symington-Gould
Transit
Taylor-Wharton
25c
Terre
Haute
Water
7%,-preferred
Texas
Pacific
&
Oil
11-1S*
'
Co.__________
Corp.—
•
11-. 9-
tion
11-9
certain
10-29
which
1-
11-30
12-1
2
11-15*
11-is
I
:
;
n_
1-
10.19
12-
7
11-27
(s-a)__i__I__
,
v'"\ V
.
$1.75
Co.
25c
Texas
Sub
'
Pacific
shares
Land
—^25c
Trust—
-
.
certificate®.,^
Ctfs. of beneficial
interest
■
-
12_
:*
1
n_10
12-
i1
11-10
12-. 1
11-10
xLess30%
^
—
\
'
"
'.
j5C
12-5
11-13
u._r___I
$15
12-
11I13
:.;fi ;
and
11-19
*
-7—7
bus
routes
11-19
'
30c
-
'
H-15
$2
Steel
Works
A
l
50c
common.
(quar.)—
Coal
12-
t3c
(quar.)
Iron
1
25c
Corp..
Fenn Co.
11-15*
12-
25c
;(quar.)
Corp.
Syracuse
Taylor &
11-20
1
•
(quar.»__
Ltd.
11-10
12-
'
1
11-30
40c
Corp.
Mines.
Co.- commenced
business in
systems in
December," 1944,: an4r
Richmond and Nor-,
routes
aggregating
miles,
68.67
and
carried 74,650,207
passengers
passengers
gers
11-17
12-
37VaC
______V
Sylvanite
11-23
12-15
$c
Ltd.—
subsidiaries.
5
and
70.50 miles, and carried 73,557,725 revenue,
including 44,590,877 street railway passen¬
motor bus passengers.
Under certain changes
and consolidation
of routes put into effect in
Norfolk on Oct; 14,
1945, for-* 30-day trial period, there are temporarily in operation
only five street car routes aggregating 37.68 miles and 13 motor bus
routes aggregating 64.28 miles.
At the end of such trial period, it
will be determined whether to continue such changes,
v::
Southern
Coach* Lines, Inc., commenced business
in 1940, under
the name of Nashville Coach Co., and operates the local trausporta-.
bus
11-23
45c
_______
preferred..
(qu«»r.)__
preferred
11-15
.
lOc
6%
Swift International Co.,
Dep.. rtcs.
(quar.)
Sylvania
11-25
12-15*
12-15
25c
common.
4convertible preferred
Superior Tool & Die Co
the
during 1944, including 52,967,001 street railway
21,683,206 motor bus passengers.
The transportation
system in Norfolk,
which commenced operations in 1870. now con¬
sists of six street car
routes aggregating 42.33 miles and
18 motor
10%
Corp.,
1945 in
Richmond,
7,
Transit
passengers
Co—-——IIIIIIIIII
Co.
motor
revenue
(year-end 1
dividend
Oil
•
to list the preferred stock on
both these cities.
The transpor¬
tation system in Richmond,
which commenced operations in 1859,now
cbttsists of 10 street car routes aggregating 55.77 miles and
(quar.)
^Ma<:hinery
(quar.)
Oil
Stock
Sunray
at
operates
the local
transportation
folk, Va., and in the vicinity of
(quar.)
common
July
is
^Virginia
25c
Studebaker Corp.
Sun
1.
SUBSIDIARIES
25c
(quar.)_I
pref.
Ltd., class A
Stromberg-Carlson
1 and Nov.
1, Aug.
25C
(quar.)_,
A
May
and funded1 debt of
on
pany
5
15c
preferred
1,
HISTORY "AND BUSINESS—Company
ized
11-10
11-
12VaC
prior
i*
25c
11-20
1
25c
Strawbridge & Clothier—
7%
Feb.
LISTING—Application will be made
New York Stock Exchange.
Works—
Extra
Glow ell
-
the
$1.25
Corp,
7
}
40c
Acid
&
(quar.)
Corp. (s-a)
Furniture
;
is a holding company organ-*
Delaware.
The principal office of the com¬
.Va.
Through eight
subsidiaries, acquired
July 31, 1945, company operates motor bus, street railways, track¬
less
trolley and incline railway in the following cities and certain
adjacent territory:
Richmond, Norfolk and Portsmouth, Va.; Nash¬
ville and Chattanooga, Tenn.;
Akron and Youngstown, Ohio; Spring¬
field, 111., and Baton Rouge, La.
Upon the application of the proceeds of this financing, the com¬
pany will own directly or indirectly all the outstanding capital stock-
12-
10c
(irregular)
Phospate
5%
'
.7
preferred stock
11-30
5civ 12-15
'
Inc.
Stokely-Van Camp
converted.
so
on
-
11-15
_
;
Baer
stock
9
11-15
_____
Extra
Stix
and
Nov.
9
12-12
Inc.
Stewart-Warner
to
102
11-
(Extrai
Sterling
at
including
and
11-
12-12
(quar.*_
Co.
Brewers,
notice,
12-10
(year-end)
5%
in
100;
10-31
50c
Sterling
at 101 to and including
each case with accrued in¬
thereafter
through operation
11-15
Stecher-Traung Lithograph—
Stein
redeemable,
12-10
11-20
50c
_____
Wholesale
to
Nov.
1, 1955;
thereafter at
12-15
11-20
,
(Oi^io)
Co, class B
as
11-30
12-20
1
—75c
^
company
50c
1-2
12- 1
(quar.)
Stoker
the
lot at any time on not less than 30 days' and
notice at 104 to and including Nov. 1, 1947;
and including
Nov. 1, 1950; thereafter at 102
days'
to
ferred
10-31
18%c
(quar.)
SpecialStandard
of debentures by maturity.
redeemable at the option of
25c
12- 1
12-
(s'-a)
J.)
and
by
STOCK—The preferred stock is convertible, on pr
Nov. 1, 1960
(or until the date fixed for redemption if
prior to that date), into common stock of the company
at;the: rate; pf.'four shares of^domihon.stock for each share of Hre-*
*
10c
_____
(N.
and are due
PREFERRED
11-15
40c
(quar,)____—_
(Indiana)
COi
1945,
(May
Co.,
is subject to redemption at the option of the
company
as
a
whole or in part at any time upon not less than
30 days'
notice at <53.50 a share if redeemed on or before Nov.
1, 1950; at $52.50 a share if redeemed thereafter and on or before.
Nov. 1,
1955; at $52 a share if redeemable thereafter and on ct
before Nov. 1,
1960;
and at $51 a share If redeemed thereafter?
plus an
amount equal
to accrued
and unpaid dividends thereon.
Dividends are cumulative from Nov.
1, 1945, and payable quarterly
50c
_________
common...
California
1
1,
dated Nov.
are
Trust
25c
(quar.)
preferred
Forgings (initial)
Standard
Also
The
$$1.25
Dredging Corp.,
debentures
redeemed
Ltd.—
convertible
Standard
r
103
at
1959;
to
prior
11-30
:.
interest
share and
of the sinking fund, upon
including Nov. 1, 1947; thereafter at
1, 1950; thereafter at 101 to and in¬
cluding Nov. 1, 1955; thereafter at lOOVi
to and including Nov. ,1,
1959; and thereafter at 100;- in each case with accrued interest.
11-15
,5%
preferred (quar.)
Standard-Coosa-Thatcher
60
including
1,
similar
11-15
12-15
ii.l2Va
(quar.)
—
Standard Cap'& Seal Corp.-$1.60 feonvertible preferred' (quar,)
<1.60
5
,20c
preferred
part
than
more
and
to
are
in
or
thereafter
1
debentures
Bankers
issue
debentures
Nov.
40c K 12-15
Inc., common__,
Extra
the entire
1-11
2-
$4,000,000 of
exchange for
of
office
at
whole
11-15
12-
in
Principal and semi-annual
1960.
The
1-15
12-12
Standard Brands,
1,
retire
12-20
'
36vaC
(ouar.»
accrued
and
1 and Nov. 1) interest
trustee, in New York City,
and
Harris Trust & Savings Bank
in Chicago.
The indenture as
supplemented provides
for retirement through a sinking fund of
$200,000 principal amount of debentures on May 1, 1946 and on eacli
May 1 and Nov. 1
thereafter.
The sinking fund is calculated to
not
50c
$1
(Detroit)
them
DEBENTURES—The
12-20
2-15
12-15
100
at
1965, which are now to be retired and cancelled.
Nov.
11-15
45c
(quar.)
are
due
12-15
.
offered
were
cumulative 5% preferred stock
additional financing by the company,
being sold by certain security-holders who re¬
ceived
a
Sl.^Vi
Ins. Co.
but
11-20
;
Stock
The 80,000 shares of
11-15
Spencer Kellogg & Sons, Inc
Spiegel, Inc., $4.50 conv. preferred(quar.)__
Squibb (E. R.) & Sons (quar.)
Accident
Preferred
and
a
do hot represent
12-15
$1.50
preferred
Co.—Debentures
-
accrued dividends; in each case from Nov. 1, 1945.
•
payable
pfd. (quar.)
$4
Transit
"
Co., Inc. headed a group
public offering Nov. 9 of $6,000,000 4%:sinking fund debentures, due Nov. 1, 1960, and 80,000 shares of.cumulative 5% preferred stock ($50 par). The
11-15
12- 1
12-15
12-10
Standard
United
;
,
Offered—Harriman Ripley &
which made
11-15
11-29
Railway Co., common (quar..)-.
75c
5% non-cum. preferred (quar.)
$1.25
Southwestern Life Insurance Co. (Dallas)r—
Quarterly
35e
Southwestern'Public Service,'coin, (quar.)25c
conv,
,
*
Extra
Sept.
30, 1944.
The Securities and Exchange Commission, hi
these dividend declarations by Commonwealth & Southern
its outstanding $6 series preferred stock, considered them to
be distributions out of capitals '
*
'
'
(2) The combined earnings above, for all periods, exclude the results
of operations of fcrmer majority-owned subsidiary companies disposed
of under divestment plans and otherwise.—V. 162, p. 2064.
11-15
Southern
Sparks Withington Co., 6%
ended
approving
11-30
2-1
11-23
11-30
.
1945 and 1944; $321,265 ($5 per share) for the 12 months
30, 1945 and $353,392 ($5.50 per share) for the 12 months '
30,
10-10
11-20
11-17*
t20c 2-15-46
f$1.50 1-15-46
40c
3-1-46
"10c
1-7
participating preferred (quar.)——__
Southern Greyhound Lines (increased)
$1,
-•"
12-17
37J/2c
6%
:
;
actually-received-on investments in'companies-
and the cumulative preferred stock at $50 per
%
Co., Ltd.—
Dividends
purposes;
ended Sept.
,
(quar.)
$627,112
$849,144
comparative,
debentures
12-12
2-15
12-21
(quar.)
Southern Canada
102,281
11-12
11-15
5c
„
" 68,220'
.
for
11-12
$1.50
Ltd.rr-,.
.
<1.:
disposed of are included In the income and combined earnings lor the
applicable periods.
Also included are dividends on 64,253 shares of
& Southern Corp, $6 series preferred stoek as follows:
$240,949 ($3.75 per share) for each of the nine months' periods ended
10-30
11-15
11-17
11-17
2-28
2-28
12- 1
12- 1
11-15
11-24
30c
Co.,
,
,
$729,393
Corp. on
15c
-
Edison
:
.
12-17
11-23
12- 1
13%c
.
Works
Califqrnia
149,673
7
$917,364
for
NOTE—(1)
10-19
11-15
11-15
11-15
37VaC
(quar.)
Lathe
Bend
167.966
119,928
——
1
capital stock
?Restated
11-30
common
t,
175,568
available
Sept.
50c
12* 3 J
15c rr 12-15
;
1
fi-'W-
Commonwealth
f 12-15
(quar.)
(quar.)
Bal.
11-15
15c
common
preferred A
preferred
Southern
6%
;
Corp.
Soundview
South
(extra)-;.*--.-
_______
Manufacturing Corp.,
55c
Sonotone
"*
•____
•
$1
,
Smith
•
272,831
7
107,353
T
?
approp, to special
fund 1 reserve, etc.____
11- 1
11-12
12-12.,
11-20
12- 7/
11-26
11-26 ;
11-20
12-12
12-21 r
12- 1
12- 1
12- 1
4- 1
4-1
12-14
12-14
11-30
12-15
■
50c
25C '
10c
$3c
$1
15c
62tic
t30c
$20c
t30c
t$1.75
2c
60c
fl'/ac
25c
50c'
_
for
$2,092,343
351,518
Inc.
12- 1*
12- 1
1- 2
-
594,855
—' .-v'".
'
to par_
Federal
par
income
Net
-'
410c
Servel, Inc., common (quar.)
25c
$4,50 preferred MMM>MMiiM±~:»±MM~-M' • $1.12'/a
Sharp & Dohme, Inc.
•
i-.
•
<
25c
Shawinigan Water & Power (quar.)—
' t22c
Trust
no
12- 1
$1.25
(accum.)__
Second Canadian International Investment
$2,:
expenses
Other deductions
11-30
45c
$1
$1.12 V2
•
—-
(quar,)—--
common
(quar.)
from
12-15
(quar.)-,
$1,641,887
and State taxes
12-20
-11-30
_____
Paper
$4
12-31
12-30
12-15
$2,038,135
277,601,7
income.
Non-recurring exps.
Exch.
of
capital stock
11-10
75c
17VaC
25c
v.———
Extra
(Scott
Ordinary
<1,432,806
209,081
____
income
Provision
(8-a)--
Assn.
other
and
Total
11-12
11-15
12-12
11-28
(quar.)———
Loan
ean-Nap-Pak Manufacturing
$1,443,544
508,285
companies
Total dividends
Int.
$635,485
30,368
7 766,953
$1,721,145
statutory
11-28
25c
$1.50
<quar.)_
1945—12 Mos.~«1944
$897,764
$912,412
37,130
40,490
1,103.241
1.139.443
$658,154
27.843
757,542
owned
subs.
Other
11-24
}}'?£
JJ'Jf
D
maj.
Subsids.,
11-20
12- 1
12- 1
12- 1
12- 1
12- 1
12- 1
1- 2
12-14
preferred
■_ >t\
~
.
1945—9 Mos.—1*1944
Dividends—
':
Corp.—
;—$1.50
5% preferred series E (quar,)i.
Mr
81.25
Rolland Paper Co., Ltd., $6 pfd. (quar.)—;
JS1.50
Roxy Theatre, Inc., $1.50 cum. pfd. (quar.V
37'/2c
Royalite Oil Co,* <s-a)
Mi—;M.MM——
150c
Ruppert (Jacob), common
—
"
25c
4%
preferred <quar.i__,
$1.12Va
Rustless Iron & Steel Corp. (quar.)
15c
6%
*;
v'.
(Company Alone)
'1.
.
PERIOD ENDED SEPT. 30
OF COMPANY ONLY
EARNINGS
J**2®
J J"2®
12-15
11-30
Corporation and
(Continued from page 2400)
;
1?
12".1
12-15
25c
5c
$1.75
(quar.)
Grande
Investment News
ol Rec
-
$1.12%
quar.)
(initial
preferred
Common
Boiaert
12- 7
Manufacturing—
4Va%
Rio
(Texas)
——
Reynolds (R. J.)
? ay able
Share
11-25
11-10
7 12-31 >f -12-15
1- 1
12-10
(quar.)-i—30c
Co..
...
;
25c
Tobacco, 3.00% pfd. (quar.)
90c
Republic Insurance
Reynolds
„.
of Rec
30c ,>> 1- 2
.——
When
rer.„:
HoUert
(quar.)«--w-_—\\"'n2 * J?- 7
i—
37'/a C ? J2-20 r^ll-30
04.50 preferred
Ileo
When
Payable
pgr
.
Monday, November 19, 1945
FINANCIAL CHRONICLE
^Transfer
Jamaica
books
not
income-tax.
closed
for
I 77'
.
•/C.'""'"
.
tPayable
in
tax,
Canadian
15%;
funds,
resident
tax,
tax
deductible
7%. \
a
Less
1944,
systems
in
the
cities of
Nashville and
Chattanooga, Tenn.,
and
system
in Nashville,
consists of 30 motor bus
routes aggregtaing
164.37 miles, carrying 59,652,287- revenue passen-_
gers
in
1944.
The
transportation
system in Chattanooga, whichcommenced operations in 1867, now consist of four street car routes
aggregating 19.48 miles, carrying 5,265,195 revenue passengers in 1944,
and 24 motor bus routes aggregating 148.24 miles, carrying 25,323,654
revenue
passengers in
1944, or a total of 30,593,849 revenue passen-,
gers carried during that year.'
>l
"' '
'
'
" -r
Akron Transportation Co. commenced business in 1930 and operates
the local transportation system, which commenced operations in 1382, ?
in
Akron, > Ohio,
and
certain
contiguous suburbs. : ^This subsidiary;
now
operates one street car-route. 9.0. miles in length, three track-.;
less trolley routes aggregating 15.95
miles and .20 motor bus route3 f
suburban
commenced
areas.
transportation
The
operations
in
1860,
now
f
this dividend.
•
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
resident
aggregating
during
28,966,848
at
the source,
British
Income tax.
•
,
V ..7
>'■
V-.t'7v
•
1'•
•
,
2437
aggregating
•ft-
in
1944,
105.05
miles
carried
and
consisting of 8,337,031
trolley passengers and
trackless
60,806,986
railway
street
revenue
16,479,681
passengers,
motor' bus
35.990,274
debentures
passengers
preferred
Inc.
passengers.
stock
and
change
to
Paul
$4,000,000
Youngstown Municipal Ry. Co. commenced business in 1919 and
/ ftoperates the local
transportation system, which commenced operations
W in
1882,
in ' Youngstown,
Ohio,
and
certain
contiguous
suburbs,
offered
now
to
Davis
sinking
be
in
ft.-This
subsidiary
.
operates
now
eight
trackless
trolley
routes
July
Portsmouth
in
local
1887,
operates
12
21,494,199
in
ft.ft-operates
tions
aggregating
the
on
in
Springfield,
bus
motor
seven
111.,
routes
basis
Baton
Coast
Rouge
Bus
Co.,
ft.
of
^
Gulfport
as
" 14
-
$1,000
4
-
bus
motor
revenue
routes
aggregating
railway
from
.
in
passengers
1944.
57.15
subsidiary also
3.03
track
miles
switching
service
over
operations the gross
which
which carried
miles
This
in
revenues
ftft:
Nov.
near
between
Chattanooga,
the
providing
Tenn.,
bus
motor
routes
link
connecting
a
-'ft
'
rr
-
Company
Corp.,
The
of
■below,
time
July 31ft 1945, transferred to the company the
on
shares
of
which
during
the
of
respective
been acquired l by
approximately four
had
securities
of
period
a
stock
common
-ft'
'/
i
,-/ft
;
.fr
.
-ft' -ft
'-ft'
J-* '''
,
u
ft
them
from
prior
years
Co
Coach
Rouge
Bus
(then
shown
of
shares
of
stock
in
of
of
the
None
ftft
None
number
stock
common
sinking
Othtn-
fund
Fed.
Aug.
1,
Baton
Lines,
Balance
.' 6408
ftj
The
ferred
values
their
of
it
an
of
ft
Lines,
—V.
<
directors
-
determined
exchange for
the
respective
physical
assets
it
to
amount
stocks
after
properties
and
of
and
its
of
of
stockholders
shares
of
securities
subsidiaries
making
'
of
the
respective
subsidiaries
Tne
of
on
the
following
tries,
of
shares
-
Davis
had
in
been
April,
Lines,
Inc.,
by
(45,000
Lookout
shares)
Incline
Ry.
The
first
under
Paul
M.
bakellte
a
marketed
at
The film
;;
product
$1,623,896
183,546
$1,440,350
:..
the
$1,980,431
224,461
and
390
of
name
$2,030,725
$1,755,970
price
common stock
of 498,500
is
the
a
result
sales
of
is
resume
manufacture
the
intending to use the
f; persons
same
and
Mr.
plant
.ft
'
:
were
.v
' \
:
-
>
r*
completed.
and
progress
Schwab
stated
the
in
1933
camera
imported
for
was
sale
this
of
for premium purposes only.
During the Fall of 1935 the company commenced
to
.ft
design
a
promotional
4
investigation
that
the
re¬
"realizing the im-i
this subject its con-v
of our products: has
and
advertising programs.
trademarks,
?'Ameritex"
and
-ft'-v''
ftft'ft-
YEARS
1945
1
■
ENDED
JUNE
Of
'' ft
30
ft ft
Normal
Excess
19.78
$4,256,656
ft"
;
$3,787,902,
575,174
590,528
$7.40
ft
S2.00
-
,
ft
.
$6.41
$2.00
$1.50
42.24
43.91
.
ft
32.46
.
30,919,282
of
ft. 34.9Q
27.17
26,430,708
19.43
21,869,651
11,475,098
.
842,018
864,304
723,208
564,146
3,500,000
3,000,000
1,750,000
1,000,000
3,833,000
3,172,000
2,233,000
3,076,000
7,396,000 ,ft
contlng.„
8,606,000
5,909,000
3,317,000
accrued:
or
inc.
other
&
profits
"Includes
1942
.
-'ft,
assets
for
paid
ft
.
285,923
ft';';
24.45
~
1943
-
.value
share._
amortiz.
fixed
■
$4,984,098
$1.50 ft.
-ft,
capital
&
ftft
1944
1
283,438 ft
per com. shr.
asset
■
'
-
U,264,772 ft "632,388
ftftft
$3.99 ftftft
$7.43
share_
common
,
f
;
$5,334,049
outstand'g
com.
quick
.
per
Reserve
—
57,490 shares,
representing
10%
stock dividend distributed
May 15, 1944ft titter reserves for • contingencies and after deducting
outstanding preferred stock at $104 per share, flncrease due to stock
split-up March 7, 1945.
ft;- ft:.1i~j-: v-:-"
CONSOLIDATED
assets^Cash
on
Trade
Accounts
&
in
receiv.,
companies
consol.)
(not
536~131
933.448
ft
(less
9,277,446
11,928,759
566.068
associated
1944
341,113
assets;:.
tFixed'assets
10.894,425
14,201,097
ft
refundable
tax
ft
8,755,764 --,10,071,193
5,317,506
7,134,982
purchased, less res.
foreign government bonds__
and
ft;
$9,808,109' * $6,045,679
less res.
inventories
profits
receivables ft
Invests,
accept
30
1945
receivable
notes
excess
Other
Other
and
notes
States
Federal
june
SHEET,
*
hand, in banks and in transit___.____
accts.,
United
BALANCE
*
Merchandise
was
720,631
1,092,161.
743,706
.
reserves)^_„___.-_ft_.ftft-^:ft
8,148,450
8,422,144
Deferred ^charges*.687,900
Patents, goodwill and trademarks...
-3
767,089
ft ft-'ft'ft
3
to
;ft
movie
,.
Schwab,
acceptance
important
advertised.
STATEMENT
per com. share
val.
Taxes
purposes.
camera
liberal
nationally
conting.___
paid
per
rate
Working
and
and
for
shares
Deprec.
made'
was
lens
premium
by
corporation's
are
Mr.
consumer
dividends
Net
■
ft-
small
a
continued
relations, continually gives
Additional
,
tBook
film retailing At:;10(} per roll could be iused^' Over ten
(10,000,000) of these cameras were sold by the company and it
to
continued
:
no reconversion or contract termination
production, while still under come regulation, ia
quickly as adequate raw material supplies and
division,"
furthered
Earns,
spool used in this camera was of patented design so that only
intended
ft
.
constructing addi¬
now
are
expanding their efforts to mako
to the improvement of the corporation's prodparticularly in the textile fields. And fortunately,
customer
of
ft! Div.
VUniveXft
million
f
is
Argentina
of
work,
of
next
attention.
serve
shares of
manufacture
This
polished
distributed
v-
Quebec.
corporation's
'
ftft
frM",profits,- Rafter.; -'jre-
with projectors,
company
"UniveX."
or
was
Ci
N.
itfj*
number
of the Clearwater Manufac¬
delayed because of the warft
Canada,, Ltd.
research
INCOME
Common Stock Of¬
,
earner# and projector adaptable to manufacture by mass production
transactions the company issued all of its ft
i methods, and which were to be retailed to the consumer at lower prices
outstanding common stock, aggregating 800,000 shares, and $4,000,000
than prevailed at that time for other movie cameras and projectors.
ft, of Its 4% sinking fund debentures due Aug. 1, 1965, and the company
The initial production of this movie camera,
"UniveX-Cine, 8" ireacquired, directly or indirectly, all of the outstanding common stocks
tail price $9.95) and the "UniveX-P-8" projector (retail price $14.95),
of the eight subsidiary companies. Such debentures are to be exchanged
? reached
the market in December, 1936, and resulted in aggregate sales
ft for the $4,000,000 preferred stock now offered. •
"
through 1938 of an amount in excess of 250,000 "UniveX-Cine-8"
PURPOSE—The net proceeds to be received by the company from
cameras and 175,000 "UniveX-P-8" projectors.
'
\
•,
1
the sale of $6,000,000 of debentures are estimated at $5,731,118, not
The film spool used in the "UniveX-Cine-8" movie camera was patincluding accrued interest,
after
deduction
of
estimated
expenses
:
ented and required the
users of the cameras to purchase "UniveX"
ft aggregating $58,882
to be borne by** the company.
Of such net pro¬
ft films.
The.retail price of film and processing was 95<? per roll.
For
ceeds $5,309,125 is to be applied by the company to the purchase of
the convenience of users of "UniveX" films and to insure speedy servall of the presently outstanding bonds, notes
and preferred stocks
x ice,
completely equipped film processing laboratories were established
ft of subsidiaries, and the balance is to be added to the working capital
ft in New York City, Chicago, and Hollywood, Calif.
ft of
the company; ft Agreements have been obtained by the company
;V
Company also developed and manufactured a 500 watt-8 mm pro¬
from
the holders of all of such outstanding bonds, notes and pre¬
jector (retail price $47.50), and sold approximately 15,000 of this
ferred stocks of subsidiaries to sell all such holdings
to the com¬
model from the time of its introduction in 1938 until the curtailment
pany
at
the- prices indicated
below.
Such
agreements
are
conof
production following the declaration of war in
1941.
;
*. tingent
upon
the receipt by the company of the net proceeds of ft;
At
the present time the company
is engaged in reconversion and
the sale of $6,000,000 of the debentures.; "ft ~ ft
* ft 4 ft ft'
v -•■■'ft"
the manufacture of or preparation for the manufacture of cameras,
The amounts of the securities to be acquired, the names; off the
projectors and binoculars.
The number of persons presently employed
issuers thereof, and the aggregate amounts to be paid for each
issue,
by the company is approximately 450.
Prior to the termination of its
ere as follows:
'/ As
.
"Our
ft Com.
ground and
a
retail
of
enlarged
a
'
,
trade
body
a
plant
which
Fort,
importance
as
Two
17,318
States, Canada, and other coun¬
picture cameras, under the
the
the
been
$1,963,113
motion
by
v"--,
obtained.
;
4
the corporation expects to be able to put Into effecti
five years, a well laid out program of modernization
replacement of equipment,
ft-;:ftft-?;ft:'ftvftft' •ft ' ■
ft
:
■
-ft
portance
$2,225,452
: 194,726
the company, together
introduced
of
Old
Louisville,
Civilian
and
ft'
17,244
,
of the stock
Co., which
purchased by Lookout Incline Ry. Co. from
1943, at a price of 6101,250.
-1
:
and
in
and
resumed
299.504
$2,208,207
31,869
United
still
13,
Furthermore,
films,
enlargers, copying stands, carrying cases, projection screens,
range
finders, projection editing equipment, film splicers, humidor
■■ft film storage cansft auxiliary view finders, light meters and other pho¬
tographic accessories.
r
ft
*
camera
Coach
the
of
Dec.
technical .divisions
during the
lenses,
of
by Virginia Transit Co. and of 7.5%
throughout
popular-priced
registered trade-marks
quarterly
on
r
422,738
$1,592,027
business
at
processes,
981,629
29'
peacetime
paid
personnel can be
801,458
■
AND
distribution
basis:
Transit Co., 37.5%;
Southern Coach Lines, Inc.,
18.87%;
Transportation Co.,
18.0%;
Youngstown
Municipal Ry. Co..
13.13%;
Springfield Transportation Co., 9.75%;
Baton
Rouge Bus
Co., 0.50%; Lookout Incline Ry. Co., 2.25%.
Consideration was given
to the ownership of 100% of the common stock of Portsmouth Transit
Southern
1,061,279
986,359
Pfd.
normal
x*egular
ft
be
to
contributions
problems.
stock (par value lc) at $5 per share. The
offered as a speculation. Of the shares offered
are
voted
stock
,,*■
■-_
finishing
Textiles
the
and
4
.
report,
common
3.
Dec.
rayon
mill
to
ft; being
ft
company's
Virginia
of
3,895,962
his
ftfthe added, the corporation has
398,175
4,741,846
BUSINESS—Corporation was IncOTporated iri Dela¬
ware Sept.
29, 1937, to succeed a New York corporation of the same
name which had been
incorporated in 1933.
Company's main office
is located at 28 West 23rd St., New York City.
Akron
ft Co.
ft 723,972
York
per'
was
submitted
Corp.,
one
of the corporation's larger sub¬
activities consist, of commercial factoring, increased
built
technical
search
874,009
1,540,243
of New
who
"
the
the
construction
be
its
to
further
common
HISTORY
.
to
examination
an
Co.i
Stressing
in
58,061
$9,876,955
'
.1,192,050
Middlebrook
$4,488,574ft:
on
record
Additions
aft
609,731
...
1945>
stock,'it
common
President,
ft '
Factors
Associated
tions
200,000 are being sold for the company, and 298,500 for
selling stockholders.
•
trans¬
of
&
class A
a
shares
of
whose
soon
The
.1942
,
1,241,673
765,137
$988,082
Schwab,
W.
accepting
cents
proposed
turing
will
1,759,130
995,327
$1,197,296
209,214
of
after
30
United
The
,
800 /
.
5,088,218
—1
162, p. 2314.
burn
1,668
Bailey,
H.
300
their franchises, gross revenues,
Income before and after taxes based on income, capitalization, work¬
ing capital, net worth, net book value of plant account, and potential
earning capacity.
The
allocation of securities
was
made
to
the
study
a
ftft
COMPANIES
reached the market Nov. 14 with the offering
by a syn¬
dicate headed by Floyd D. Cerf Co. of
Chicago and Co-
on
the basis of
an
investigation made by Arthur B.
independent consulting engineer, who estimated the fair
the
ft
1943
fered—Financing aggregating $2,492,500 of
-
the
common
'
income
deductions
outstanding
volume
slightly over the previous year and also
of clients, Mr. Schwab stated.
He
also pointed to
developments Involving other subsidiaries,
1,600
69,121
47,950
J.
of
'
30,
$3.99
list
748,734
ft
■
ft-./''
"ft
Its
Years Ended Deo. 31-
Universal Camera Corp.—Class A
Inc.,
in consideration
of
of common stock of the
shares
81.6
Hazil
transferred
Coach
and
debentures
and
company;
who
company,
1965
of
$8,340
the
Southern
'
•
in
to
Roberts,
of
of
debentures
board
issued
the
of
1965
company.
be
of
stock
of
1,600
1,600
67,179
81,149,345
shares
7,. by
increase
of
w
Rouge Bus Co.
Included among such other
Jr., Chairman of the board of the corn-
stock
ift-ft
—
income
Net
Guild,
consideration
common
The
../• 1,600
1,200
income
'ft
.
profit for the
year
ended
June
after
preferred
dividends,
to
1,264,772
beard,
holders
to
120,000
855,865
,
net
equivalent,
Nov,
an
sidiaries,
t-
ac¬
.
after
2,000
'
sr>s.
the
for
report
is
2,000.
1,742,427
1,275,102
the
on
The
$7,466,735
taxes-
pfts.
offered
now
Merchants & Manufacturers Inc.—Annual Re¬
consolidated
ft dividend
2,000
2.494,537
471,255
being
are
500,000 shs.
company.—V. 162, p. 2192.
$5,334,049
shows
4.000
;
shares
"SbO.ouO
sns.
at the
quarterly meeting of the board of directors.
deducting all charges, making foreign
exchange ad¬
justments and setting
up
a
reserve
for
contingencies of
$500,000
bringing the total of this reserve to $3,500,000. The working capital
6,000
ft
200,000
V/ftft,-:ft^'ftft.ft;ft"ft;: ^ft'ft,ft'ftft'ft'ft
This
218,085
shares
of the
annual
12,000
-ft.: ft
2,032,358
....
1,793,032
185
remaining
announced
20,800
Amt.of Debs.
and
500.000 shs.
"Cohama"
$1,793,053
Inc.,
share )
share
Pfd. shs.
$9,215,585
taxes
Other
1965
Coach
10 per
stant
debentures, an aggregate of
of Virginia Transit Co., 85,463 shares
stock
number
follows:
2,70S,396
taxes-
50,000 shs.
(par
the
$9,496,717
1,281,190
Outstanding
50.000 shs.
stock
United
12,000
$13,867,262 $13,129,160 $12,527,980
1,060,485
963,672
1,038,328
inc.
Authorized
$5)—_
(par
common
count
ft: 12.000
1944
1.060,934
than
after
B
was
/■ /
-
5,535,389
normal
Income
Principal
43,617
of
of
38,455
—
other
with
production
5ou,uu0
"The
company,
t
snare)
The
1,612,766
exp,....
'
.
proceeds
the
to
1965,
358,606
$195,830
?
of
of
amount
connection
per
port
SUBSIDIARY
—
company's
'ft'
'
of
capital and in
plants to peacetime
lc
reserved
unedrwrlters
lor
sales
The
it.
purposes
working
(par
was
3,893,973
revenue-
adm.
excess
State
shares of common
par])
and aggregate
due
been
60,000
INCOME OF
$8,322,067
trolley
&
Federal
of
[no
debentures
OF
expenses
Taxes,
750
358,611
Southern
Jo C.
Vice-President
common
Inc
Bus_ft—
rev;
oper.
General
transferred, Equitable Securities
and Paul M.
Davis received on
Inc.,
company
as
common
of
were:
Co.
Co.,
ft
the
corporate
the
stock
<
v
120,000
ft—
of
in
chargeable to
expenses
general
"[additional
proceeds
common
ft; ucts and
Total
so
Corp
and
stock
common
Bus
&
—
148
-
securities
4%
333
shares
accounted
was
segregation of
A
120,000
120,000
;
—_
Co.-_—ft_
STATEMENTS
Trackless
Gross
stock
common
fehares
Inc
of
the
cash
receive
CAPITALIZATION—
150,000
Co
Deprec. & amortiz.
334
changed
of
150,000
Street railway
Railway _ft_—-ft—_
pany, who transferred to it 4,500 shares of common stock of Southern
Coach Lines, Inc., and 111 shares of common stock of Baton Rouee
.
Nicolaus
Operating
;
At the time of such transfers certain other persons also transferred
to the company, in consideration of an aggregate of 39,166
shares
persons
&
for
.■■■
150,000
July 31 '45
.None
ft-
was
900,000
—
sales
net
detailed
no
Class
.
Debentures"'
-—ft
will
80p cumulative div; pfd. stock
800,000 shs.
300,000
Co.,
war.
80,000 shs.
ft
450,000
Corp
the
of
and
Class
$1,560.000.
j.
balance
deduction
as
conversion
Outstanding
have
several
——
ftft
Co
&
Maintenance
2,500
ft A. C. Allyn and Co., Inc
Paul M. Davis.
;
Evans
None
15,000
50,190
of Com. Stk.
ft (common
the
Co.^_
McCormick
None
—
Co.,
designated
amount
Equitable Securities
of
shares
use
the
$6,000,000"
.
7 Mos. Ended
below:
12,650
Inc..
Robinson-Humphrey
None
No.of Shares
of
&
92,004
2,500
before
available
.
par)
Sons
&
118,675
■
be
the
■
number
Parwell, Chapman 6t Co.——.
Davis
50,190
Co.———,
Corp., A. C. Allyn and
July 31, 1945, from the
principal
320,000
Paul M.
Allyn
will
PRESENT
900,000
Cleveland
COMBINED
time to
to
July
?y- , >
and Co., Inc.
TO
The
peacetime products
is available.
products
$850,000
.ft- ft-
900,000
shown
15,000
consideration of the
stock
(no
authorized
Co
188,766
Co
Co.———
Lookout Incline, Ry.
In
&
118,675
Youngstown Municipal Ry. Co
Springfield Transportation Co......
Baton
the
which
Co
&
188.767
Lines, Inc
Akron Transportation
•
A. C;
Corp.
Virginia Transit
Southern
The
ft
,
Co.,
&
Securities
Kebbon,
Equitable
Securities
.
,,
,0, Subsidiaries—
.
stock
common
and
of
num¬
subsidiaries
ft'31, 1945:
ft
First
Clement A.
Vi
'
°
:
normal
PURPOSE—Company
-.ft
($50
'ft-.ft'ftftr'ft:ftftftftftft'-ftftft:;'
Ripley
Collins
Stifel,
*'
EFFECT
and
Brown
Nashville
*
.
stock
the
par)
1,120,000,
Freres
Julien
of
organized under the auspices of Equitable Securities
Allyn and Co., Inc., and Paul M. Davis <of Nashville,
*Tenn.), who
ber
-
-
by
from
;
1945—$2,503,538.
such
from
stock
.
production accounted for the following net sales:
1942—$2,952,1943—$5,241,691; 1944—$5,624,050, and for the^first seven months
of
..
was
C.
A.
-
GIVE
Barney & Co..
Higginson Corp,
Alex.
.
by Southern Coach
and In the City of
' ORGANIZATION OR THE COMPANY
•
<
«
TO
Smith,
Lee
Inc., on the top of Lookout Mountain
Chattanooga.
During the year 1944 the incline railway carried 394,780
*'
($1
Peabody
Lazard
'»
operated
Lines,
Revenue passengers,
7,"1945,
to
Harriman
Kidder,
r
miles
preferred
' \
ft,ft
;
ft_—;ft 80,000 shs,
par)—.—1,120,000 shs.
($1
1
less
to
such
on
debentures
preferred stock and the principal amount and
of shares thereof to be purchased, by each underwriter
are as
Miss.,
amounted
such
on
the exchange.
ADJUSTED
.Name— ft
Co. commenced' ^business in 1912 When ; It
ftft. acquired a business which had commenced operations in 1895.
This
subsidiary operates two cable cars-by hoist on the slope of Lookout
Mountain
accrued
accrued
upon
preferred
stock
debentures
-
' Ry.
0.93
5%
stock,
increased
than $4,000.
-ft1 Lookbut incline
"On
ccmmon
electric
Biloxi,
in
made
War
626;
par
—;_i.„
."Common
12,448,740
furnishes
1944
be
of
value of preferred
debentures.
An-appropriate
such
,
.
/ ft for conversion of the preferred stock.
Mississippi
UNDERWRITERS—The names of
&
Traction
"
interest
dividends
and
pari»
Co., commenced business in 1905 and acquired the
local transportation system in Baton Rouge, La., in December. 1944.
This system,
which commenced operations in 1888, now consists of
■
of
of
Vft/-ft V
Cumulative
This
ft
,,
known
formerly
amount
:.ft
FINANCING
ft "ft.,
"ftft .'ft/ft/'ft 1 S-'ti'.Authorized
4% sinking fund debentures due Nov..
-v; ft.-ft
1,
1960 ft„ ————ft—.—ftft $6,000,000
subsidiary now
miles and carried
subsidiary now
36.075 miles and carried
aggregating
^15,773,320. revenue passengers in 1944.
;
1945
1945 will
CAPITALIZATION
ftftfty/''ft-:ft;ftftfts:
vicinity.
and
account
on
:-/ft"ft* ftft'ft/' ""'ft'. ft-ft' ft
April, 1945, and
ft.ftft-ftft---'
commenced opera-
41.44
principal
shares
including
in
1944. :ft
in
passengers
1,
pas¬
system, which
and vicinity.
This
Va.,
routes
-
bus
motor
Transportation Co. commenced business in
1923
and
local transportation system which
commenced
opera-
1865,
operates
'
bus
ft
business
commenced
transportation
revenue
the
in
Co.
Portsmouth,
motor
Springfield
;
-'--'-''ft
Transit
the
operates
ft
and 25,600,886
passengers
/--ftu
sengers.
tions
trolley
15,
Nov,
gating 29.50 miles and 14 motor bus routes aggregating 52.45 miles,
carried 59,675,810 revenue passengers in
1944,
consisting of
trackless
$1,000
adjustment
aggre-
■ftftft/and
34,074,924
for
80,000
corp.,
A.
C.
Allyn and Co.,
for the company's outstanding
debentures due Aug. 1, 1965.
Such ex¬
'
stock
Issue
Securities
exchange
fund
made
will
company
Equitable
M.
4%
is
the
ft;ft Total
crued
'
' ' - 1
:ft-^ftft /ft
$60,397,583 $55,996,218
*
(banks)
expenses,
Reserve
etc.
"
.
ft
$2,525,000
:
Federal and foreign
income
profits taxes
contingencies..........
$2,550,000
5,065,246
7,336,027
...
for
4,955,724'
and,,
14,904,321
for
5%
cumulative
■
preferred
stock
Common
"
Capital
(par
stock
$100).
(par
$1)
Total
5,674,500
■
7,111,790
2,238.869
22,231,010
__„u.
■ftCommon stock in treasury
762,596
5,669,500
surplus
ft. Earned surplus, since Aug. 1, 1932
ft:,;, ft;
7,771,790
1,578,283
...
.....
>
3,000,000-
..-.-Minority
'
6,153,437
<
ft t4,038,527
3,500,000
interest in capital stock and surplus fteft',ft:.-.-ft1
of subsidiary companies (consolidated)
1,113.097
excess
if Reserve
•
.
payable
ft Credit balances of factored clients
.....
Trade accounts payable, sundry
liabilities, ac¬
-
■
...
LIABlLltlES—
Notes
of these
19,075,782
0r43O,891
Dr430,801
$60,397,589 $55,996,218»
...
,
*
/
-ft 4 ;
$2,250,000
Virginia
1
Virginia
ft
$337,500
ft
-
ft
;
ft
Transit
serial bonds,
7,500 shs.
($100
ftftiftftft
serial
Co.
(closed)
1st
6%
The
mtge.
Transit
Co.
1st
bonds, 3,,/2%. due
Portsmouth
Transit Co.
806,250
of
-
i
_
340,875,
ftft• <$100 '.par)
Youngstown Municipal Ry. 5s, 1957
ft *4'607,151.62 Baton Rouge Bus Co. 6% demand notes
107,500
J
-ft ft- ft
-
1,357,000
clusive of
thereof
by
the
company,
accrued'interest and
dividends.
Contemporaneously with the issue and
lor
still
were
aggregating
sale
by
")
are
employees
were
1,011.
In
$1,876,858, ex¬
'ft
ft
ft:".
the company
bf
the
savings
and
sold
available
to
to
labor-develop.
has resumed
motion
return
picture
the
-
company
'•■
'ft-"'
as
projectors
cameras,
before the.war.
and
require-
its
ft .-ft:;ft
its models
accessories,
which
■
SALES
AND
Net
'ft Year— ' ft' / ■' / ft
' :ft"
'ftft
CALENDAR
Net bef.
Net
aft. Tax.
Sales
Fed. Tax.
$2,604,392
$280,056
$204,500
ft- $75,556
5,784,496
352,697
252,557
1943—......
5,505,161
505,340
335,104
171.235
1942...
3,779,103
366,980
1941
1,121,597
"103.518
1,250.930
"125,402
"125,402
2,142,708
100,335
16,975
1,725,255
58,352
10.674
-
...I.
Taxes
'
1939
—.
1938—ft
1937.
"Deficit,
—
2,771,774
ft
167,054
ft
55,223
31,753
47,678
2,520,813
11,536,344
548,464
1,788.266
522,000
tax
(CU.
ft
,♦
7,353,403
124,083
$21,344,012 $20,107,723
•
10,491,669
1,446,620.
ft 522,000
2,350,000
2,299,000
713,693
2,858,758
'2,789,608'
$422,159
$288,216
$2,383,144
Fed.-^
Fed.-)
427,500
(est.).J
230,500
$2,850,326.
1,587
'
i.
183
Dr2,583
Drl7,545
$423,746
$288,399
$2,380,561
$2,832,781
432,696
$8,950
,
„
436,049
1.769.574
,1,862,234
$147,650
t$610,987
t$970,547
clccti*
(kwh.)
135,300
>
808,332
;
—
deductions..—
of
159,028
469,027
income
of
35,210
2,611,110
deficit
-
„
expenses—.
Income
Sslcs
/Sales
*
$4,593,186
Operating
income.!.
Non-operating
income.
Net
1,477,647 a 7,747,024
36,035.
_.
Income
ft
1945—12 Mos.—1944
$13,437,960 $12,630,237
$4,832,628
other than
Gross
$3,080,329
revenue-
Depreciation
Taxes,
1945—3 Mos.—1944
1,561,034
Maintenance
83.360
/ft
deducting $5,797,889 U. Sft Treasury
interest.—V. 162, p. 1213.
accrued
$3,235,559
311,756
.
4
ft
ft
oper.
Operating
"103,518
1940—
mos.)
and
operating revs...
Total
100.139
(7
electricity....
of gas
Sales
Other
Fed.
YEARS
ft? Federal
1944
1945
of
ft eral
EARNINGS FOR
iiAfter
.
C,
Period Ended Sept. 30—
Sales
ft■
C.
notes, series
Westchester Lighting; Co.—Earnings—
1937,
ft
the manufacture of certain of
series
notes,
savings
prompt
additional
company
425,00p"
standing $1,357,000 Youngstown
Municipal
Railway mortgage
gold
bonds, 5% series, due Jan. 1, 1957.
Of the $607,152 Baton Rouge Bus
Co. 6%
demand notes and open account
indebtedness, Equitable Se¬
curities Corp. owns $202,789, A. C. Allyn &
Co., Inc. owns $202,182,
Paul
M.
Davis
owns
$89,858,
and
Jo
C.. Guild,
Jr. owns $67,394.
The respective owners of such securities will receive the
proceeds of
purchase
such
and
open account indebtedness——
-Equitable Securities Corp. and A. C. Allyn and Co., Inc. own,
respectively, 588 shares and 587 shares of Virginia Transit Co. 6%
preferred stock.
They also each own indirectly one-half of the out¬
the
of
reasonably
binoculars
The
<j
of
it had an average of approximately 350;
resumption of the peace-time production of cameras in present¬
substantial conversion problem.
Materials required are. avail¬
for
rnents
stock
$1,357,000
number
the
deducting depreciation reserve of $9,182,786 in 1945, and
$8,421,201 in 1944ftft tAfter deducting $5,891,500 U. S. Treasury tax
delivery.
Experienced former employees
who had worked for the company in connection with the manufacture
(closed)—mtge.
preferred
no
able
stock
1946-50—.
6%
ing
$2,272,500
preferred
par)————L——
Portsmouth
1,000 shs.
Co.
3Vz%, due 1946-53
Transit
contracts
war
1938 and 1939,
Price,
tAfter
87,134,139,
gas
,"/■% /ft ft./, ft
ft.)..,...
86,299,003
375,238,922
356,884,669
•'■'•.
1,185,667,500 1,102,339,100 7,387,643,200 6,965,001,700
tNet profit.—V. 162,
p.
719.
Construction
Highest Level Since Pearl Harbor
Augusl Mortgage Recordings Increase
October Sleel
preceding months, mort¬
financing activity, as measured by the aggregate amount of nonmortgages of $20,000 or less recorded, increased generally
Lowest Since
Non-Federal Urban Building
Reaches
American
started in
September reached the highest level in any month since Pearl Har¬
bor, the Bureau of Labor Statistics of the U. S. Department of Labor
Although the total volume Of building construction in
cities continues to be small, privately financed building
announced
point since the United States
only $3 million.
entered the war, totaling
•
,V-r;
Reversing the slight declines of the two
gage
farm
*
throughout the country during August, establishing by a narrow mar¬
gin a new monthly record for this statistical series.
The estimated
$489,389,000 of mortgages recorded during the month exceeded the
total for the previous record month (May 1945)
by a fraction of
1 % / was 4% above July recording, and almost 14% greater than
recordings in August, 1944.
;
/,
The Federal Home Loan Bank further, said in its report, of
Oct. ii:
•
/;;;/://,!///-,
'Z////Z /rzZ-
Federal construction contracts, however, were
Nov. 3.
on
at the lowest
Monday, November 19, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2438
,
Output
May 1940
Steel production in October was
crippled
by / coal
strikes
and !Z
dropped sharply to the lowest
monthly total since May, 1940, ac-//
cording to the American Iron and
ported
follows:
as
•;
■
rfeZ//:.
Steel Institute, which further
+, t
/
in-..',,
"A total Of 5,620,007 tons of
whole gained 8% in
gots and steel for castings was
in September over the total for August, rising from $173 million to
All types of mortgage lenders shared in the gain over July.. In¬ produced during the month, com¬
$186 million. All classes of building construction shared in the in¬ surance companies showed the smallest relative increase in financing pared with 5,983,361 tons in Sep-!/
crease, new residential construction advancing 6%, new non-residen¬
activity, 1 %, and savings and loan associations the largest, 7%. In tember and 7,620,885 tons in
tial building 8%; and additions, alterations ^hd repairs 9%. iNoii* both amount of mortgages recorded and in share off total activity, tober, 1944.
' Z/i
Federal work advanced 12% over the preceding month, approxi¬ savings and loan associations reached a new peak during August,
"Steel operations during Octo- Z
mating $183 million in September; at the same time Federal build¬ recording approximately $181,000,000 of mortgages which represented ber averaged 69.3% of capacity,
37% of the total for all lenders.
At the other extreme, insurance compared with a 76.3% rate of
ing construction awards fell off 67%.
The announcement also said:
;
V
\
•
Z ' companies' and "other" mortgagees' share in the August total, 4.2% operations
in
September
and
j
As compared with September 1944, the total value of building and 11.4%, respectively, represented new lows for the period for
with 95.6% in October a year ago/ z
construction started in urban areas more than doubled—an increase which these recording statistics are available—since 1939. »
"An average of 1,268,625 tons of.
/ /
of about $90 million.
In all Bank Districts the dollar volume of mortgage recordings steel was produced per week dur-:
This was entirely in non-Federal work. New
non-residential building showed the greatest gain in dollar volume, during August exceeded the figures reported for the like month of
ing October, as against 1,397,982 /
last year, with gains varying from 4% in !the Indianapolis area,' to tons per week in September and
rising from $33 million to $74 million; hew residential construction
;
rose from $23 million to $60 million, and additions, alterations, and about 22% in the Topeka region.
In all but three Districts-, non- 1,720,290 tons per week in Octo- /
farm recordings of $20,000 or less during the month were greater than
repairs from $30 to $52 million.
ber of last year." ;;. ...;;
J
activity reported in July.
The greatest increase in this respect
•Value of Building Construction Started in All Urban Areas, by Class of Construction
occurred in the Chicago region—up 12% from the preceding month.
and by Source of Funds, September 1!M5
November Cotton Report rZ
The largest decline—more than 8%—occurred in the Pittsburgh area,
-Valuo (In Millions)while recording in the New York District were about 4% less than in
A
1945 cotton crop
for the
-Federal
Other than Federal
-TotalPercent of/
Percent of :
Percent of
July, and in the Boston region the August volume was fractionally United States of 9,368,000 bales of 1
construction valuation as a
Urban building
.
.
'
-
change from—
change from—
Aug.
Sept. Sept. Aug.
8ept.
1945
1944
1945
1945
1944
$3 — 67.3 — 87.3 $183 +12.1 +202.1
0 —100.0 —100.0
60 + 6.8 +197.8
2 — 68.6 — 89.4
72 +17.0 +484.8
change fropi—
Sept.
residential
Sept.
1944
.........
nonresidential
+
116.2
+ 157.8
5.5
60
74
—.
+
+ 8.3
124.6
+
and
4.0ft
59
repairs
1
74 7
4-
16.4
51
37.0
—
—
•Percentage changes computed before
9.7
+
81.3
+
«fc
L.
building construction started dur¬
The cumulative value of urban
Building
and
■
i#///Z//Z'/■ '■/ ■V/r J Valuedn Millions)i
'.r.Total'-"-'""--/Federal
;
'
"Z/:// ) Percent
•//v
First 9 Months
Class of
change
$834
+ 42.4
379
279
v+35.8
30
40
468
All construction///
New
324
+
44.4
174
,202
231
+47.6
24
$1,188
residential
New
nonresidential
and
•
alterations,//,/;/;
Additions,
repairs
First 9 Months
of
1944
1945
conduction—
' 341
-.
The number of
1944
1945
+
0.9
-10.1
158,095
173,031
3.5
+
12.4
16.1
663,707
126,225
588,022
+
104,217
+
21.1
3.8
3.6
3.5
120,015
2.6
+
15.2
910,760
720,727
+
26.4
24.5
25.9
23.9
—
56,013
+ 3.6
+
1.7
426.139
417.273
+
2.1
11.4
12.1
>13.8
—-—-$489,389
+4.3
+ 13.6
+
$253
$228
/11
Other Than Federal
1945
1944
9.9
$960
$581
25.0
349
239
+
46.0
13.9
294
122
+
141.0
—
+-
317
+118.2
220
change
65.2
+
44.1
family dwelling units put under construction
new
The
Investment
Borden
Co..
General
5%
preferred
•
r
<
Motors
Rubber Co.,
&
Corporation,
common
common
Federal
Tea
58,471
Johnson
&
Rustless
Iron & Steel
Sinclair Oil
Corp.,
(1)
(1)
Company of America, Inc., capital
Associated Oil Co., $3.75 preferred
Cigar-Whelan Stores Corp., common
Universal Laboratories,
Inc., .preferred
West
Virginia Pulp & Paper Co.,
4Vt%
452
"
24
(2)
+
2
+13
.
+' 6
,V"K.
-
.
/
/
Acquired from May 22.
Plan.
19,
;
—
1
Shares
shopping days in September,
American
A
option
General
Baldwin
Rubber
Carman
&
Co.,
International
dividend
Corp.,
Co.,
Inc.,
Utilities
common
class
A
opt. div.
ser.
(1935-39
average =
Sales (average daily), unadjusted/
/
—ZZZZZ
—_
$3.50
preferred-—!.
-ZZZZZ
ZZZZZ
5,000
None
10,515
None
450,713
454,971
+
2
9
+
4
7
2
+
8
—13
+11
+ 13
"/•
■
1,667
V.
149
626
1,910
INDEXES
....
Root
209
;•/+ 5. //
+22
days in September, 1944.
SALES
STOCKS
AND
20
United
Profit-Sharing Corp.,
10#
pref..
preferred
—
ZZZZZ
Aug.
118
120
161
York City
-
178
—
1935-39
173
9,217
differences in the number of
2,600
3,650
variations
tlndexes
are
volume.
on
total
delayed opening and
picking. During the remainder pfZ
the month, however, good cotton*
picking weather prevailed, and
ginnings made a sharp upturp.
Despite this activity, * ginnings to
date are far less advanced than
usual, averaging phly 56 % for all
States, compared with, the 10-ye4r
average of .80%, Only 20% of the
crop has been ginned in Missouri,
33% in Tennessee, and 38% In
and
Arkansas.
110
?
.
Sept.
Aug.
121
.
-
/
/139
171
.
States,
•»
,
to
172
119
127
no
should
cottonseed
as
.;:'y
the
be
the average for the past
seed would be 3.858,000 tons.
209
130
same
149
161
years,
The
0
However, if the ratio of
five
198
195//
116
,
weather" prevails through
considerable
cotton
will remain unpicked in this area
as well as in late portions of other
142
152
•158
monthly sales;
,.
Unless
160
;
.
November,
lint
//July.-- -V.
adjustments made for
shopping days from month to month or for usual seasonal
based
z
Texas, Oklahoma/ Arkansas *
and Missouri frequent rains ar\d
lack of sunshine during early Oc¬
cember.
155
/
District
sales
168
100
•111
/■/-99//,
//-:148-/:/ ?•165
138
——
—
274
11,129
-
.
In
1945
?;
198
;
-
11,084
in
174
SALESt
=
•213
Second
161
/
.
No estimate of cottonseed production will be made until De-
152
\
I
-
♦Revised,
171
174
175
OF DEPARTMENT STORE
Newark
Total
Sept.
►165
176
157
of
Percentage
ginned to date is near a
low.
"open
-1945—
July
belt.
the
Oklahoma
1944
Syracuse
Bridgeport
-
,
100)
Sept.
8,817
ZZIZZZZZZZZZZZZZZZZZZZZ
Corp., common
_Z!I
Petroleum Co., $1.20 convertible
i.
;
163
Average monthly sales,
Rochester
.
///■/
•///Revised.//
New
9
9
149
,
273
Knott
1
Stocks, seasonally adjusted
Buffalo
7
+
158
Report
Z/Z
ZZZZZZ
—
A—
Corp.,
1936
series
common-,.-
+
Federal Reserve District
Second
Vs-
STORE
Per Latest
Reported
Cities Power A Light Corp.,
Convertible
;
+
2 5 shopping
1945.
DEPARTMENT
OF
Shares
Previously
Company and Class of Stock-
+12
+
+ 15
—
—
Curb
*7.' ;
+
...
0
,
(average daily), seasonally adjusted-—
Stocks, unadjusted-
*
1945.
—
.,
was /
in the northern
especially
of
tober further
...
7.
o
—■
Sales
through July
Exchange made available on Oct. 20 the
following list of issuers of fully listed securities which have reported
changes in their holdings of reacquired stock:
American
;
Sept.
(2)
New York
,
+ 12
1944
The
—'
+ 15
////./ V
NQTES
Decrease represents shares delivered under the Employees Extra Compensation
-r-
O
3,681
(1)
1945
.
+17
-
'2
+
/ ^//
:
INDEXES
0
3
+ 2
552
3,368
.
.
./
4
'* '.
11
+
.
4
.
,
31
.+
7
—
Apparel stores (chiefly New York City)
14,600
+10
7
—
+
+10
4
•
October
considerable cotton remains in the
the crop
-
a
rains, immaturity of
limited labor supply,1
and
record
1
5
during
September
half
4
+
21
4
Rochester
'•
+
_
.
as
favorable for maturing and
field,
4
—
.
■
.
12
+
+ 14
+ 15
+
+ 14
9
+ 24
Niagara Falls
954,145
10,500
Z,/
preferred
Elmira
18
1
1
4
—
Buffalo-^
'
28
3
Western New York State
•
15,000
+
Binghamton
32,089
United
6
—
Northern New York State
1,409
40,000
13,699
Water
Tide
8
-
;
Southern New York State
954,144
+
-
Syracuse—
1,410
ZZZZZZZ
Z-ZZ
—I//
Z/Z
3
same
eastern portion
in the
belt
the
bolls,
8
+ 10
+
i
*
51
+
+
-
9,865
17
+
+ 13
+
Valley
58,279
2,038
Corp., common
+ 13
+ 12
3
—
Utica
32,117
Sweets
The
Bridgeport
Mohawk River Valley
39,500
11,899
common
5
2
—
Schenectady—
/Z
Z
hand /
+ .5
+
Westchester and Fairfield Counties
Central New York State
preferredZZ
Preferred
Newport News Shipbuilding & Dry Dock Co., $5
Plymouth Oil Co., common
on
+ 12
the
opening of the late cotton crop.
With picking held up by heavy
Sept. 30, 1945
1945
:
+
8,465
2,088
Jan.-Sept.
;
:
' 4
indica-.
slight
upturn,
States the
a
remained
Weather
very
4-
-
64,079
Minerals
Co.,
+
Carolina,,
month ago.
Reserve District
„
Northern New Jersey
Newark
:
298,566
Tire & Rubber Co., 5% convertible preferred
& Chemical Corp., common
Inc., common
;
__Z
Johnson, common
International
complete,
production
showed
forecast
of
1945.
South
Carolina,
Georgia
tions
1945
SEPTEMBER,
BY MAJOR LOCALITIES
TRADE
Poughkeepsie
202,078
The Goodyear
Jewel
North
is the bank's tabulation:
Upper Hudson River Valley——
Albany
418
301,666
not be
would
picking
?
.
Lower Hudson River
33,697
49,971
,
Oct. 19
New York Reserve District reported
apparel stores in Jthe
Sept.
Shares
402
production,
The realization by//
farmers that some of the late coi-y
ton would not mature, and that
while in other Eastern
Department stores—
31,694
197,578
maturity of late cotton,
reduced prospective /
sharply
and
Second District
Report
Z—Z
~~
III__ZZ
and
Percentage change from preceding year
<■>: Stocks
Net sales
Per Latest
—
capital
Tire
Firestone
The
Co.,
common
record,/;
pounds,
293.5
September period the previous year. Stocks of merchandise on hand
in department stores at the end of September, 1945, were 5% over
New York City
Corp.,
year's
last
the
hut 8%
above, the 10-year average.
: v;/
In Texas, Oklahoma and Arkari- /
sas
frequent rains the first partr
of October, followed by low night
temperatures during this critical'
period, checked development and
of
this year, also acdodnts for some! | •'
of this decrease.
In Tennessee,
The following
Exchange announced on Oct. 17 that the
following companies have reported changes in the amount of stock
held as heretofore reported by the Department of Stock List:
Associates
since 1899, with the.
year
than
less
yield
15% gain in the net sales in September.
Their stocks on hand at
the close of the month were 5% higher than the same month in 1944.
The New York Stock
Atlas
totaled
year
a
Of N. Y. Slock & Curb Listed Firms
Shares
any
September sales of department stores in the Second (New York)
Federal Reserve District increased 4% over a year ago.
The com¬
bined sales for January to&September, 1945, were up 12% -from the
Changes in Holdings of Reacquired Slock
Reported
this
of
August
The Federal Reserve Bank of New York announced on
Second
Previously
*+ 16.5 100.0-100.0 100.0
$3,515,536 $3,017,739
through
recordings
DEPARTMENT STORE
////
in
exception of 1921; it compares,
with 12,230,000. bales produced in
1944; and the 10-year (1934-43)
average of 12,293,000 bales. Lint
yield per acre for the United;/1
States,..at 249.7 pounds/is 15%
that
The
during the month was 10% greater than in August, in spite of the
fact that in September no new Federal residential building was
started.
The total for September 1945 was 14,315 units, as compared
with 13,059 in August, and 7,758 in September 1944. /
Company and Class of Stock—
19.5
18.9
:
those of last year.
change
+
19.1
+12.9
Department Store Sales in New York Federal
Reserve Dislricfjn Sept. 4% Above Year Ago
Percent
1
<■
•,
Percent
of
First 9 Months
of
—
5.7
slowed
Construction
/ ■■
— - ■
33.6
:
$3,516,000,000, an advance of 16.5% over the $3,018,000,000 in the like
period of 1944;
lit this comparison, life insurance companies were
again the only type of lender .that failed to show an increase over
1944,
At the same time that their recordings declined 9%, increases
shown by the remaining groups ranged from 2% for the miscellane¬
ous
class to 26% for individuals.
Both mutual savings banks and
savings and loan associations reported increases of 21% during the
first eight months of this year.
*
'
/
types
Construction Started in All Urban Areas, by Class of
by Source of Funds, First 9 Months of 1944 and 1945
...
1944
+ 2.4
Cumulative
materially,
of
Value
4.5
—
,
Total
of non-Federally financed construction ad¬
with new non-residential building increasing
almost one and a half times, and new residential construction and
additions, alterations and repairs showing gains of 46% and 44%,
respectively. The only class of Federal work which did not decline
was additions, alterations and repairs, which rose from $11 million
to $24 million.
Federal contracts for new non-residential construc¬
tion dropped from $202 million to $174 million, and for new residen¬
tial building from $40 million to $30 million,
All
one-tenth.
35.0
4.2
+
.
lor the first time since
vanced
1945
8.6
based
i Months
37.0
18,488
20,359
v—
Tr.
Svg.
Others /---/-
1942.
Valuations by the end of September
1945 totaled $1,188 million, 42% more than the aggregate of $834
million reported for the corresponding period of 1944.
Non-Fed¬
eral work gained nearly two-thirds, while Federal activity fell off
Aug1945
21.3
+
$1,230,610 $1,014,469
93,358
&
Individuals
exceeded the billion-dollar mark
ing the first nine months of the year
20.9
Cos.
Cos.
Mut.
»
1944
1945
1944
+
<■%
Change
-Amount <0001
Aug.
1945
+ 6.7
cast by
/
First 8
-First 8 Months-
Bks._
IllP,
rounding.
July
(000)
$181,156
Assns._
Bks.
-
Amount
Typf of
Mortgagee
pounds gross weight is fore¬
the Crop Reporting Board,
upon
information, as bf ;
Nov. 1.
The decrease of 411,000
bales from Oct. 1 brings' the in- "
dicated production to the lowest
500
Percent of Total
-August 1945% Change From
S.
Additions, alterations,
month.
the preceding
1945
+ 7.6
below that for
Sept.
1945
$186
,//
Aug.
1945
All construction
New
.
■
Class of construction—
Near
-
,
production of cotton¬
Bureau
of
the
//;/Z
Census
re-/,
ports that 5,153,639 bales of cotton-/
were ginned from the crop of
1945;/
prior
to
Nov.
1, compared
with
8,282,768 bales for 1944 and 9,062,869 bales for 1943.
->
;////
<
7
""IT
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
•
Cotton Ginned from 1945
August Hotel Salesj at; Record High
^
Horwath & Horwath, New York public accountants, announced
in their October bulletin on Hotel Sales that high occupancies all
The Census report issued
,:. i
the country marked the month of August for the hotel industry,
over
and
general average of 92% is a new all-time record.
The next
was 91% in June, while 90% was attained in January, March
3
and
May of this
compared with
ijjTwo
The highest for
year.
month in 1944
any
August, while Detroit reached 96% and Philadelphia and
the Pacific Coast scored
Others set
95%; the scattered hotels grouped as All
record with 91%.
a new
J jhe increase in total
sales
7% compared with J9% in July.
month of last
same
year was
With the exception of Philadelphia,
which shows abnormal gains on all points because the transportation
strike last year crippled its hotel business, New York City records
the largest gain over last August
as
RUNNING
(Counting round
j
United
...v
half
as
BALES "
bales
and
States
id hotel sales, 11%; Chicago again,
in July, was only 3% above last year, while most of the other cities
and sections made less favorable comparisons than in July, an excep¬
linters)
1944
-
.
*5,153,639
1943
,
8,282,768
9,062,869
.
,r.
Arizona
^
——
—
California
—.k——;r',
860,908
34,239
34,105
39,616
980,801
893,127
i
72,051
59,422
»-,l
13,777
653,708
751,964
'■
J
Kentucky
—.
2,345
'
1,275
8,925
8,173
1,587
301,899
646,369
1,419,239
1,561,849
43,581
—.
513,775
982,582
—
Missouri
73
'
!_
Louisiana
Mississippi
9,800
468,335
—
296,418
221,978
38,168
53,260
;
Mexico
4
43,690
Carolina
1
207,783
461,102
500.943
108,333
324,938
% 417,514
U246,380
632,735
614,090
Oklahoma
Carolina
Tennessee
170,157
Virginia
392,813
1,144,772
1,576,371
5,360
Texas
15,471
•.
—
384.944
,
2,160,009
15,288
•
tion
being Texas; which had
against
In
j
increase of 4%
an
in total'business,
decrease of 2% last month.
a
City, with its 97% occupancy and a rise
rent,"recorded an increase of 10% over last
sales, f7ew York
room
of .'6%- in average room
ye£r?'
With Philadelphia again excepted, this is the biggest gain
reported; as is also that of 13 % in restaurant sales. There were two
smalt decreases of 1% in total restaurant business, for Chicago and
Detroit/tbef former caused by- a mild decline in food sales and the
latter by
one
j-^Che
in beverages.
*,
,
'
•"
<
•
r
■
was
'
Sales, Increase
%\.&i-
"Total
Rooms
JNett York City— + iU%
+10%
,
l-Chioago
2
+
___
1 Philadelphia
Washington
or
WITH AUGUST, 1944
Decrease
Restaurant
Pood
+ 13%
1
92
90
2
:4
+
35
+ 21
+
5
+
10
+
+
6
Cleveland
+
9
Detroit
+
3
+
5
Pacific Coast
+
6
+
6
+
Texas
+
4
+
3
+
5
+
7
+
7
+
7
+
6
+
8
+
7%
+
7%
+
7%
+ 14
1
0
*
95
90
90
88
6
97
95
4
3
96
93
2
+
—
1
+
Deer.
70
+8%
6
+ 11
or
+ 18
7
5
6%
+
+
—
94%
15'
+ 11
+19
j
1944
97%
+
1
—
1$.
1945
Eeverages
+ 12%
Rate
Increase
Aug.
Aug.
4
+
•
fRoom
-
Occupancy
Total
v
supply
15
5
3
,
the
of
of
season
1945
ginned prior to Aug..
1944-45;
compared
95
91
3
91
90
2
91
88
3
5%
92%
f; 89%
%■+ 3%
1%
90%
87%
1
*
48,182
which
and
was
107 053
'
.
.
»Vvs'
'A''-
!
3."
J/t''
7'''.
'''f' W'1-
f'1
>
'V.
^
J'V'
Labor Depi. Reports on Hours and Earns, in
Aug.
The
shut-down of most manufacturnig plants for two
days in
celebration of the Japanese surrender reduced the
average workweek
in August by three hours to 40.8
hours, the Bureau of Labor Statistics
of the U. S. Department of Labor
reported recently.
In September,
preliminary estimates indicate that the workweek in all manufactur-
+3%
2
with
i
,
ingv industries combined went back
lengthening of the workweek in®
2
+
for
1944 and 1943.'
The statistics for .1945 in this
report are subject to revision when
checked against the individual returns of the
ginners being trans¬
mitted by mail.
The revised total of cotton ginned this season prior
to October 18 is 3,693,670 bales.
..
contained in the report:
AtJGT&T, 1943, COMPARED
■
13?,737 bales of the crop
the
The statistics in this report include 680 bales of
American-Egyp¬
tian for 1945, 2,336 for 1944, and
24,233 for 1943; also included are no
bales of Sea-island for 1945, 1 for
1944, and 136 for 1943. The ginning
of round bales has been discontinued since 1941.
^
following table
,
in
,
'
)
^Includes
counted
bales of the crops of
to
up
42.1
hours
•1''
"
because
of
Tctal
year, to date__
■;
I August,
.
:
r
5%
+
MONTHLY
1945
7%
—
July?
5%
+
'
5%
+
TOTALS
7%
+
9
.—
.
+ 10
LAST
+
SIX
+
7%
+
8%
+.
7
+
8
^
June;-..,..
7
+
6
+
7
+
May^tL—Vii
7
-+
4
+
9
3
4*
3
+
+
+
1
3%
7 "
87
82
4
3
lUvi
89%
Ji.;,.
March'
% 'Rooms
,
and
restaurant
j average daily rent
per
4
only.
91
5
'
88
3
90
6:
88
2
83'
2
89
.
fThe
\4%v--
+
term
*v..
..
90
wherever
"rates"
August
low
of
refers
to
the
occupied room and not to scheduled rates.
-
,
I
.v.-..!-.'.
■,
.
,,,
.
..
.
Kronor
securities
Government
other
and
:'t,:..
*
20,437,904: 13
Kronor
_
Foreign Government securities, bills
abroad
banks
foreign
Less:-due
to
'
bankers
and
due
foreign
67,345,437: 65
813,945,898: 77
1,132,919,878 : 73
Funds
|Gold
placed at the disposal of the National Debt Office.^
and exchange adjustment accounts
I Notes
in
circulation
I Deposits
$tate institutions
Commercial
Other
734,317,004: 09
r,-r-—
.
j
——
cheque account:
on
990,760,788: 14
—
:r-
-r--—
r—
—
—
•
.
'*
it
I Geld,
~
\
reserves
1,033,535,438 : 79
305,201,833: 66
.
^
(market
Right
•
——
note
of
value)———
issue
—
2,013,475.631:97
2,363,475,631:97
—
9 of the Riksbank Act)
Secondary note cover (Art. 10 of the Riksbank Act>——
—_C_—
Right t)f note issue (gold reserve plus the smaller of the two amounts
GoLd reserve plus Kr. 350,000,000:—(Art.
given above) —Jv-—_—-—
Notes
I
circulation,
in
^
goods
earned
group
$2
;
——
;
-VDirect discount rate—i!—-—
Rediscount rate
-w———-i
2% percent
—«
:
,.j
i'5 Ki t
*
l~ir-
-
2
—
Av,..
percent
^
*
.
HfVVS'
.
"
*
-
ioody's Comsn Slock Yields
tvririr
"
yields in prior years see the following back issues of the
"Chronicle": 1941 yields (also annually from 1929), Jan. 11, 1942,
For
page122'-3; 1942 levels, Jan. 14, 1943, page 202; 1943 yields, March 16,
1944^ page 1130; 1944 yields, Feb. 1,1945, page 558.
Industrials
Railroads
Utilities
Banks
1125)
|January.
(25)
(25)
(15)
I March,
April,
May,
| June,
July,
1945.
—
1945
1945—
_
.
—
-
—
5.9
5.5
53
4.1
50
million
fewer
4.7
'
;
ij_^3.9
ISept.,
1945
—
3.8
5.3
_
_
3.7
%
shor ter,
4.6
V'%'.
: v V'..
displaced per¬
Security raids
invariably have
camps
covered
on
firearms
some
un¬
and
ex¬
plosives, the report added:
;
Holding out some hope for an
improvement in the general situ¬
ation, the report said:
"It is estimated
of
the
250,000
persons
greatest
;
that 60 to
Polish
70%
displaced
in the United States v
now
who
and
zone,
constitute
the
disorder
and
of
source
lawlessness, will be repatriated
voluntarily by Dec. 1^ 1945."
The
Eisenhower
report
said
plans had been discovered for at¬
tacks
of
placed
and
German
other
chief
youths
in
persons
source
dis¬
on
Bavaria
upper
"
places.
"Pisplaced
murder
have
■
persons continue the
of unrest and law¬
and
organized! looting
an
unpleasant
occurred
rate."
at
V
;
The
■;::' r'% V-""J^
day,
same
announced
even
The President said that both theWar and State Departments felt
that
a
civilian
administration
is
mining closely followed the trend
in manufacturing
industries; how¬
ever, neither the decline in hours
nor in earnings was as
pronounced
as in manufacturing.
.
should
Great
ernments,
military
for
occupying Gov- ~
Britain,
Russia,
France and the United States.
;
Mr. Truman also mentioned, ac¬
cording
as
Tru¬
the
nd
the
the
to
the
Associated
administration
Press,
favored
transferring the occupational gov- '
ernment
of Japan,
too, from a-;
military to civilian status as soon
national
a
replace
each of the Allied
that
carrier, is to be preserved
workweek
employment reduction of
that next June 1 had
as
,
greater than is
by these figures since
travel time from portal to portal
now included.
Average hours
and earnings in bituminous coal
set
a
goal for transfer¬
ring German government from
military to Allied civilian control.
The decline
Preserved As Shrine
The
as
Enterprise, famed aircraft
shrine.
President
possible.
Lov/ers
h
Discharge Points
Announcement
Nov.
1
ered
its
that
the
made
was
had
Army
on
low¬
in
ISTew York "Times," the proposal
listed
enlisted
downward
of Secretary of the Navy Forrestal that the ship be saved as "a
visible symbol of American valor
with
and
tional number of soldiers who be¬
aggregate hours mainly
because of huge employment cuts.
The
/
3.5
4.6
-
3.4
4.3
'
3.3
34
in
trend
weekly
hours in some of the major war
industries,
e.g.
the
automobile
3.4
3.3
%
f
4.2
:;'
plants, is exaggerated by the fact
sail
some
workers
were
laid
off
3.4
3.4
4.3
3.4
3.4
4.1
3.4
4.2
3.1'
the
us."
Mr.
"Big
E"
Forrestal
most
said
nearly
our
as¬
that
"sym¬
36
from
for
to
34,
officers
all
and
left unchanged.
eligible
come
the
Wacs
scores
nurses
the
discharge points for en¬
from 70 to 60, and for
men
for
ruling
new
The addi-
release
is
under
estimated
Associated Press
in
/
by
reporting
bolizes and carries with it the his¬
the announcement from Washing- -
render, and therefore worked only
2 or 3 days out of the firm's re¬
tory of the Navy in this war."
In urging the President to au¬
ton
thorize preservation of the Enter¬
announced that enlisted
prise Mr, Forrestal, according to
the "Times," wrote as follows:
"Time has accomplished what
the enemy failed to do in four
years of desperate and costly ef¬
fort; the U. S. S. Enterprise must
be taken out of service because
50
porting period. Even if only a
few plants in an industry followed
this procedure, the average work¬
the
for
entire
industry
would be drastically reduced,.
:
Reduced hourly earnings were
general in the durable goods in¬
dustries. Lower earnings in ad¬
dition
the
to
shorter
workweek,
accounted for the greater reduc¬
tion in weekly pay in the durable
group as compared with the non¬
durable goods group of industries.
Among the nondurable groups, the
rubber group reported the great¬
est decline in weekly pay, reflect¬
an
8% decrease in the hours
worked coupled with a 1.7% drop
in hourly
a
earnings. The adoption
36-hour week by some firms
try
was
undoubtedly
a
factor
in
decreasing average hours for the
4.2
3.4
4.5
4.3
1, accord¬
ing to Washington advices to the
tenacity in war, and of"
will to fight all enemies who
in the rubber tire and tube indus¬
4 3
3.4
3.6
.
man approved on Nov.
of
4.6;
': 3.6
4.5 *
.
•
hours is
hours
*3.3
3.1
v
3.9
3.8
rose
from
$47.47
modern
planes cannot be flown
flight deck.
"The men who have fought her
love this ship. It would .grieve me
to put my name to the documents
which would consign her to be
broken up for scjap."
in combat from her
The carrier may
be permanent¬
ly berthed in New York State, to
meet the
wishes of countless New
Yorkers
who
and
Senator
have
requested it,
(D.-
David I. Walsh
Chairman of the Senate
Affairs Committee, intro¬
duce d
legislation
transferring
Mass.),
Naval
ownership
the Enterprise to
It is considered logical
of
to send her for historical purposes
Weekly earnings for anthracite
miners
••
the State.
rubber group as a whole.
'
1945
—
-
5.6/;%
4.1
| Aif*..
1S45-.
•
peared.
sons'
while their work
worked in
'
V
5.7
|Oct.f
4.8
(200)
(10)
3.3
51
5.5
4.1
Yield
Insurance
%"-3.2r " *
3.0
:
6.2
4.4
_: 4.1
1
.'•
/
-
1945
1945
5.2
6.3
1945—— ,4.4
ibruary, 1945-^.*—^
Almost
ing
Average
~cu
;
week
—j
—
Unexercised right of note issue—
Discount rate for three months' bills:
•
1,132,919,878:73
3,146,395,510: 70
2,575,921,819: 17
570,473,691:53
—_———
—
troops.
Handbills
and
posters
warning
"faithless" German girls have ap¬
following the
an¬
nouncement of the Japanese sur¬
22,484,738: 54
-
,
''
Deposits subject to at least 45 days' notice,.,;
some
individual
•
non¬
in
immediately
210,211,780: 06
...
'
'br::
2,575,921,819: 17
800,838,970: 19
..
banks
depositors
—-—-•
<,,•
—
on
were
less 'than
year ago
that
Liabilities
.
attacks
loss
and
—
returning soldiers had made
258,000
workers.. The
durable
goods group bore the brurjt of the
881,231,336:42
banks
—
United States
of Germany said
zone
groups of idle German youths and
munitions contracts
as
overall
from
bankers
and
the
'
military
cancelled while those in the
$5
in
a
shortened
298,436,075: 77
^payable
a
average
manufacturing in
the midweek of August as com¬
pared with the midweek of July,
a 10% decline, reflecting both the
Swedish
Bills payable in Sweden and advance®
in
American
the
July,
were
Kronor
Swedish
government
occupation
of
and
indicated
1,056,548,988: 46
u
—
forces
almost
industries, however, earn*
were above the .July level,
as
production of civilian goods
stepped up.
V\
.
Commander
been
*■■■'
Gold,* (booking value)———_L—
Secondary note cover:
/
The
military
than
light
ings
Assets
'•*&'
Frankfurt
week is 9%
Factory; workers earned $41.81
week in August, $3.50 less
in July but approximately
September, preliminary figures
indicate a further decline, In the
w
from
than
durable
-
Statement of Certain Assets and Liabilities, Etc.
-
advices
stated, and continued:
according. to
Washington advices to the Asso¬
ciated Press,
President; Truman %
The announcement continued:
less than in the preceding month.
September, 1945
Press
,*
.
provisions of the new con¬
tract, increased from $1.22 in July
to
$1.33 in-August.
Anthracite
miners earn 13% more per hour
In
29th
the
the
2
88
used
in
,
earned
92
+
the
per
5%
+
K
workweek, hourly earnings, under
at
41.2.
reduction
Oct. 31, General
on
the same as in September. Work*
ers4n the durable goods industries
MONTHS
+
8
to $49.44 in August. In spite of
6%
report
a
increasing unrest among Germans
which might lead to organized re¬
sistance if steps are not taken to
improve the situation, Associated
of
the nondurable goods group only,
in
the
heavy
industries
Hours
'•f
;%•
+ 12
I April;
.
+
8%
+
FOR
—
In
lessness," the report said. "Cases
continued
;
.
All" others
Germany
Eisenhower declared that there is
a
■:
1
-
To Put
Under Civil Rule
88,919
5,972
Georgia
South
862,632
416,616
■
_■
Florida
North
.
.
729,095
Arkansas
New
'
~
excluding
1945
/
Illinois
the
over
!i
1
i
..
Alabama
average* occupancy
an
1
-
/■
37% for the whole of last year and 83% for 1943.
cities, New York and Cleveland, had
of $7% iii
r
90%
was
90%, which
Crop Prior lo Nov. I Date
Nov. 8, compiled from the individ¬
on
ginners, shows as follows the number of bales of
cotton ginned from the growth of 1945
prior to Nov. 1, 1945, and
comparative statistics to the corresponding date in 1944 and 1943.
8tate—
The average for the eight months of 1945 is
2439
ual returns of the
highest
in October.
'■
in
July
to
New
York's
Navy
largest in the world.
Yard,
the
900,000.
as
:
The War Department on Nov. 7
-
or
men
with
discharge points who
are now on furlough in this coun¬
try will be released as they report
back
to
the Army
this month.
Advices from Washington (Asso¬
ciated Press) on that date added:
more
"The
new
enlisted
ruling also applies to
now
on
temporary,
men
duty in the United States.
They
surplus and dis¬
charged when they return to a
reception center.
f 1
will be classed
"At
•
present
charge
60
as
score
points.
the
general dis¬
for enlisted men is
•
;
"Chief beneficiaries of the action
the War Department said, are men
who returned from Europe with
units
duty
originally > earmarked
the Pacific.
Orders
in
shioment of these units
were
for
for
can¬
celled
following Japan's surrender
and they are now scheduled for
deactivation.
"There
was
no
estimate of
number of soldiers affected;"
the
■
?
WPB
Anthony Gen. Counsel
To Establish FDR
Work Stoppages
Congress Incensed Over
Monday, November 19, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2440
Of Farm Credit Division
concerted action in Con¬ Memorial Foundation
gress to enact measures which will bring about peaceful conditions
The Farm Credit Administration
The incorporators of a founda¬
the labor-management horizon in order that reconversion to
tion to commemorate the life of for the eight Northeastern states
peace-time production may be put in full swing.
Steps were taken the late President, Franklin D. announced on Nov. 9 the appoint
by the House Military Affairs Committee to provide legislation which
ment of Elijah Anthony of Kansas
Roosevelt, met at the White House
would revise the Smith-ConnaHy (War Labor Disputes) Act and at
City, Mo. as General Counsel. He
Nov.
has resulted in
Increasing labor strife
V
on
the
same
penalize
time
a
ing to Associated Press Washing¬
ton advices.
The committee fa¬
vors relieving an employer from
liability if the union
all contract
"regular" and "extra"
ceptional
year.
The
violation of a
to
voted
also
committee
strengthen a previous provision of
the Smith-Connally Act prohibit¬
unions from contributing to
primary or general elections for
$ President,
Vice - President,
or
members
of
Congress,
under
ing
penalty.
threat of severe
committee would also re¬
The
,
suceceds Olin D. Roats who is re¬
presided
President
tiring after 28 years of service.
Mr. Anthony/will head the legal
was
banks
Truman, who will serve as Hon¬
orary President, while Mrs. Roose¬
announcement from
Association Nov. 1 said: :
by
designated Honor¬
ary Chairman.
George E, Allen,
Washington insurance man, chosen
B,
A.
The
that farmers of
shows
over
velt ha* been
The
year.
the
past
the
during
customers
*arm
of
President
as
the
foundation,
according to the Associated Press
department of the four
agencies
which offer cooperative
credit to
will
farmers in the Northeast and
responsibility
the
have
cooperative:
-
the
for
-credit
farm
.
legal
work which will* affect1 thousands
Washington,, stated Of farmers and cooperative- farm
that the^ group would endeavor to organizations int. the area. It; cov¬
of New
England, New
set up a memorial which will be ers all
to
"encouraging
the York, and New-Jersey. The cor¬
they have $8,628,000,000 available dedicated
for farm loans; and that th6 vol¬ perpetuation of the ideals and ob¬ porate agencies under the gerieral
term of Farm Credit Administra¬
ume of such farm loans outstand¬
jectives; of this great American
tion with headquarters at Spring¬
ing is only about $2,237,000,000. and world leader".
Others connected with the field inelude the. Federal Land
During 1944 (the last full operat¬
ing year) country banks served movement, according to the Asso¬ Bank, the Production Credit Cor¬
2,494,000 of their farm customers, ciated Press report, are: As Vice- poration, the Bank for Coopera¬
tives, and the Intermediate Credit
Presidents:
or 41% of all the farmers in the
report
making 6,371,-
United States, by
from
State CorSecretary of
Former Secretary of
agricultural loans in an aggre¬
peal a section of the Smith-Congate amount of $6,391,000,000.
nally Act, the Associated Press
: "Credit
activity of the banks
stated, under which organized la¬
reflects the expansion of farm in¬
bor has been conducting govern¬
come during the war years, which
ment
supervised strike ballots.
advanced
to
$23,446,000,000 in
The committee voted to strike out
1944, compared with $10,424,000,a provision under which the Gov¬
000 in 1940;
For the: first eight
ernment
could seize
Federally
months of .1945 all cash, received
owned plants in which workers
from farm marketings and gov¬
strike.
The ' Government,
how¬
ernment payments amounted $12,ever, may still have the right to
932,000,000,. compared, with $12,seize plants under wartime pow¬
567,000,000 in the same period of
ers given the President.
'
1944. Another promising factor is
:
The legislation may not reach
that farmers now hold substantial
the House for several weeks, and
savings in War Bonds and bank
is expected to be the center of a
accounts and that the inventory
bitter battle.
■ •
, value of their crops and livestock
One member of the committee,
is now generally higher than at
the Associated Press stated, as¬
the close of World War I.
sailed it as "the most vicious antiOne of the most reliable meas¬
labor legislation ever reported by
000
,
1, inaugurating the move¬
first
formal. session
ment.
rendered by the country
in
their states to their
services
A- national survey
the nation
are currently using only a fourth
would be liable for civil damages
of the bank credit available to
and would be deprived of its col¬
them.
The 13,000 country banks
lective
bargaining status for a
in the United States report that
no-strike
agreement; in addition the union
strikes in
: The
on
striking^
vote taken behind
closed doors on Oct. 30, accord¬
in
unions,
dell
Hull,
former
The aggregate cooperative
Bank.
business with the farmers of the
Secretary area totals about $100,000,000.
Mr. Anthony who is a native of
Henry A. Wallace
and Marshall Field, Chicago pub¬ New England now returns to the
lisher. Joseph E. Davies, former Northeast after many years of le¬
Washington: and
Ambassador to Russia, was named gal service in
Kansas City. In 1927, he accepted
Secretary-Treasurer.
Labor Frances Perkins,
Commerce
of
Members of the Executive Com¬
mittee
E.
Robert
are
Sherwood,
playwright, Chairman; Samuel I.
Rosenthal*; special White House
counsel, Viee-Chairman; Mr. Al¬
ien; William Green, President of
the American Federation of Labor;
Murray, President of the
Congress of Industrial Organiza¬
tions; Harry L. Hopkins, Roose¬
velt confident; Fleet' Admiral D.
a
position
Counsel
Assistant
as
Board
General
Federal- Farm
the;
of
Washington and
served in that position six years
Loan
at
When the acitvities of the Board
taken
were
the
by
over
Farm
Credit Administration in 1933, he
with its work
became associated
Philip
in the
long-term cooperative farm
credit field, serving as Chief At¬
torney for the Land Bank di¬
vision.
During these years, he
former Secretary of the
has been familiar with the legal
Treasury, Henry Morgenthau Jr.;
Miss Perkins; Franklin D. Roose¬ aspects of the entire cooperative
farm credit system' as it devel¬
ures of the strong financial po¬
velt Jr., and Frank Walker, for¬
oped. He has been Associate So¬
sition of American agriculture is med Postmaster General. ;
licitor in charge of farm credit
reflected in the growth of de¬
In his statement of the founda¬
posits and in the liquidity of the tion's plans and purposes, Mr. Al¬ since July 1943, and previous to
hanks. As of June , 30, this year, len said; accoi^hig to the Asso¬ that was in charge of the long*
term credit division in the Asso¬
total deposits in the 13,282 insured ciated Press:
; '
;;
banks of the. United States ag¬
"The
organization will ' soon ciate Solicitor's office. His head*
gregated $134,282,386,000.
These start a drive to obtain funds by quarters were in Washington until
Leahy;
-
committee."
On Nov. 5, according to Asso¬
ciated Press Washington advices,
the
Representative Hebert
(D.-La.)
proposed what he described as a
designed to curb strikes and
move
the broadening
to
include
labor disorders by
laws
anti-trust
of
union officials.
Mr. Hebert's bill would make the
anti-trust laws applicable to any
and
unions
paid
deposits were represented in bank
assets by cash and funds due from
banks amounting to $29,659,257,"-
moved to Kansas City.
the
intolerable
violation
of
trend
union-man¬
agreements j r e ac h e d
through collective bargaining. The
Senator said that a study he had
made of the contract the Capital
agement
Company in Washington
had
with
employees
had . con¬
vinced him that the work stop¬
Transit
page
days
of these employees for two
earlier in the week was in
violation, of
least
at
two
fered,"
the Senator said, v "The
public business suffered, but the
biggest casualty
collective
of
tracts."
<:
was the integrity
bargaining
con¬
!
■
them
President
with
indicate
that
country banks are able to provide
adequate credit services, to meet
the
needs
of
agriculture, - even
though deposits may be drawn
out heavily for the purchase of
equipment
and
other
products
used
available.
Lower Food Production
Foreseen In Canada
production in Canada in
drop 15% below that of
year, because of recent un¬
Food
favorable
cording
weather
monthly
Survey Finds
Agriculture In Strong
commercial
Financial Position
greater than the prewar average,
it is stated.,'
Despite this lower over-all pro¬
duction of foodstuffs, the require¬
American
agriculture s is cur¬
strong financial posi¬
tion, compared with the condition
rently in
a
that existed at the close of
War I,
World
according to the Agricul¬
tural Commission of the American
Bankers Association, in a
report
1,000 point survey cover¬
ing country bank activities during
on
its
1944-1945.
tive.
to
At
meeting
be held
at
the
of
annual
the
Omaha, Neb., Nov.
15-17, State Bankers Associations
of
40
states
A. B. A. 1,000
will
receive
point award for
letter
issued
by
Canadian Bank of Commerce.
this
still
one-fifth
about
be
the
In
production
however^
event,
would
ments of other countries for Cana¬
da's
the
demand
of
last
year,
international
Associated
ton
affairs.
as
much
as
200,000,-
Washing¬
means
war.
"In
statedNov; 2.
his
staff
action
operation
Mr; Bradley's
to be in protest
and
against Surplus Property Admin¬
stated
in disposing
policies
have
of the
many
new
declared
his
will work in close
with
Gen.
staff and
co¬
MacArthur
will make full
which have al¬
ready been made by the industrial
experts now on Gen. MacArthur's
staff."
.•-L:'
us£ of the surveys
of
goods to veterans. ;■ He
to
again to wage
out this mission
Ambassador Pauley and
me
istration
ever
The reparations pro¬
carrying
for
consumer
thank
bushels
of
and
grains
over
100,000 head of lambs and cattle,
that
Pauley is said to have told
Mr.
SPA regulations,
news
the flow of sur¬
men
pluses to veterans, actually were
$100,000,000
"foolish, impractical and unwork¬
Emperor
able
cluded
but
this
the
the
larger British and
ex-,
requirements.
is
more
.-
than
i
offset
by
European
h
*
t
*
promises
of
aid
and assist¬
that
the
personal
estimated
be
only
a
further delusion of
the veteran." *.V
V
*- \
in
Hirohito
fortune
would
Japanese assets
be
to againr
workers
war
industry. for
the
untiring effort and wholehearted
cooperation which made possible
the unparalleled/,achievement of
providing
those
our
of
armed forces
Allies
our
:,
with
and
the
mightiest arsenal that the world
has
ever
known;
"It is the
:
j-
,
kind of effort and
same
cooperation among Government,
industry and labor : that is needed :
at this time to solve the problems
which confront
us.
This must be
and without delay, if we
are to accomplish the reconvertsion necessary to get the wheels
of industry moving full force and;
to provide jobs for/our war work¬
ers and returning: service men,"
done,
Small who heads the
J. D.
agency said: The
Civilian
Production
carry
which
are
controls
and
functions
WPB
Ad¬
over
those
forward
new
and
remaining
ministration will, take
required, .for
the;'or¬
derly transition of American in¬
dustry to peacetime production.
Briefly, the agency will use, ijs;
powers; to expand ;ihe production
of materials and. items still in
,
short supply; to limit
the use of
to restrict
inventories
so as
to avoid, speculation and,
hoarding.. It will .grant priority
assistance to break bottlenecks,:
facilitate the fulfillment of relief;
and other essential export' pro¬
materials
scarce
and
of
the5 accumulation
and v allocate
materials
in the production of low
price items.',
^
WPB was primarily concerned
with war production.
The CPA,
as
its name indicates* is essen¬
grams
necessary
tially concerned with civilian pro¬
ductions We hope to do as good
job as our predecessor.
Krug, WPB Chairman since
a
P. & Recognizes
of
which
|
be taken as "reparations for
war
damages,
according
Associated Press.
to
the
"
| sKHf."
New Venezuelan Govt.
recognition
of
Announcement
by the United States of the revo¬
lutionary government of Venez¬
uela came in the form of a state¬
ment issued on Oct. 30 by the
Department.
According to
Press Washington ad¬
Associated
vices, it read as follows;
„
*
;
"The Secretary of State, James
F. Byrnes, announced this after¬
noon that the Government of
:he
United
has
States
extended full
recognition to the Government of
is now organ¬
ized under Senor Romulo BetanVenezuela
which
<'
Ambassador in
Caracas
is
informing the ;new
Minister ? of Foreign
Affairs of
Venezuela of this action.
*
court.
"The American
"Before
making its decision
to
recognize the new Government of
Venezuela the Government of the
United States of America has ex¬
changed views and consulted With
the
Governments
of the other
American
republics."
*
special interest to the United
States is Venezuelan oil, and, the
Associated Press stated, the of¬
ficial view in Washington is that
Of
regime there will
problems between
the United States and Venezuela
under the
be
no
new
serious
over
oil production or the own¬
ership of^ Venezuelan oil piqper^
ties.;
•; v'•>'
in¬
may
ance," and would "in time prove
to
Nov. 2: "1 want
nation's
the
American
and
'
000
on
this opportunity
take
State
which Ambassador Pauley
will be di¬
rected toward the same funda¬
mental goal—to put an end for all
time to Japanese aggression.
Department's Office of Sur¬
Property, Washington, ad¬
vices to the New York "Times"
intended to speed
of hostilities
its
will develop for Japan
plus
said
chairman, said
to
gram
the
which
year
in
Press
dispatch:
of the
Bradley Resigns Post
is
one
l connection
ters, which read, according to the
Secretary of Commerce Wallace
has accepted
the resignation of
William S. Bradley* director of
was
Admin¬
well statement, J. A. Krug, WPB
W.
another
according to the bank.
Less will
be needed by the Uhited States,
imported during
in
departure for Japan of
according
in
supply are at least equal to
record
execu¬
commission
States
conditions, ac¬
latest
the
to
1
a
Pauley, his personal
representative on reparation mat¬
1945 may
last
ABA
30,
Production
taking over the few re¬
maining wartime controls over in¬
dustry, Associated Pressi, Wash¬
ington advices reported. In a fare¬
industry.
"The problem of what to do
to Associated with Germany and Japan is one
Pres£ Rio de Janeiro advices. The of the greatest challenges in the
new
President
stated
that the whole effort to achieve lasting
scheduled election of Dec. 2 would peace.
be held and that he would "gov¬
"The program for reparations
ern
the country as a jurist until
from Germany which was devel¬
the elected President
takes ^of¬
oped by Ambassador Pauley
fice.".' Official
sources * are
re¬
adopted at the Berlin conference
ported to have stated that the new will go a long way toward help¬
interim
government would
co¬ ing us achieve complete victory
operate
fully with the United over. Germany, by depriving her
Oct.
be¬
the farm when they
on
come
the
Edwin
General Vargas as
President of Brazil, Chief Justice
Jose Linhares was sworn in on
figures
Civilian
istration
■0
issued
Truman
No v.
statement
Succeeding
These
Board
exist, Nov; 3, with the
Mr.
President Outlines
Takes Charge
be-81%
to
clauses
"The public suf¬
the contract.
in
showed
which
liquid,'
new
to
Expires
Production
August, 1944, is leaving Govern¬
ment' service to go into private
•
.
was
ceased
\
or
New Brazilian Govt.
toward
Administration
Credit
Farm
tives" of labor organizations
comes
when the main office of the
1943
and subscriptions for the
purpose of establishing and car¬
rying out a well planned program.
gifts
representa¬ 000, and United States Govern¬ Further details of this campaign
"who ment securities and guaranteed for funds will be^forthcoming at
receive ' any
compensation • or loans to a value of $82,422;104,000. ah early date.
The
banks
currently
are
83%.
"The Franklin D. Roosevelt Me¬
profit from such organizations, or
from
funds
collected
from the liquid, compared with 28% liquid¬ morial Foundation has established
ity in 1929, the previous period of headquarters in Washington."
members of such organizations."
national prosperity.
That
Senator Vandenburg (R.-Mich.), high
these national figures apply to the
was
reported by the Associated
hanks serving agriculture is em¬
j, Press on Nov. 9, to have stated
phasized by a recent study of 6*in the Senate the necessity in his
185 representative country banks
opinion of stopping before it be¬
agents
^officers,
War
The
The
to
recognize the
Government.
guay,
said the
eighth nation
State Department
United States is the
Cuba,
new
Venezuelan
Guatemala,
Uruguay,
Para¬
Ecuador,
Bolivia and Mexico are the others.
.Volume 162
THE COMMERCIAL & FINANCIAL
Number 4439
State and City
CHRONICLE
2441
Department
BOND PROPOSALS AND NEGOTIATIONS
bilized
ALABAMA
*'
ly won't
ham), Ala.
»
Bond
Offering:
Commissioners
■
The
—
will
bids
$100,000 refunding court
house
jail bonds. These bonds are
of
sources
all
indications
Bond
Election —The
.election to be held
;;'
on
Hay ward
$600,000
:
following
tourist
fined
but
High
School District bonds.
200,000 Hayward Elementary
ing
Angeles County, County Sani-
-':\talion District No; 3Y (P. O.
Lot Angeles), Calif*
-vBond Election—An issue of $4,disposal
sewage
bonds
will
Voters
at
be
election
an
to
Co. bonds
favored- sections
Hardee
the
to
Dist. No. S
v*
be
Instruction, has announced that
County's
refunding bonds,
series A, Nos, 1 to 23, and series
B, Nos. 4 to 83, in the denomina¬
tion of $1,000, maturing Jan. 1,
1979, and series C, Nos. 1 to 35,
in denomination of $1,000, Nos. 36
and 37, in denomination of $500,
and Nos. 38 to 47, in denomina¬
tion of $100, maturing Jan. 1, 1954,
all dated Jan. 1, 1939, are called
for payment on Jan. 1, 1946, at
par
plus accrued interest evi¬
denced by coupons due on that
estimates,
recent
will
be
dehydration of
juices. Announcement has
recently been made of the con¬
struction of
million dollar plant
a
held
which plans to place dehydrated
on Feb. 5, 1946. /
^vv/;V.: *: orange juice on the market early
in 1946, following a long period
? Oceanside, ■ Calif. %
Bonds
s
Defeated
—
The
pier construction bonds
of research and tests.
$200,000
were
if
date. Said bonds will be redeemed
45
-
^election.
.
Bonds
,
Voted—At
election
the
approval
the
to
$20,000,000
Nov.
the
voters
gave
issuance
airport
6
heavy
of
claims
powder
San Francisco(City and County),
Calif.
•'
the
improvement
dehydration
<bonds,
fear
of
fruit
CONNECTICUT
$500,000
tax
sold
/'were
on
of 0.47%.
of
that
Nov. 6 at
Due
on
a
notes
discount
May 20,1946.
is
offered-
awarded
to
J.
on
P.
t
1946.
Other
$750,000
Nov.
15
was
Morgan & Co.,
bids:
a
.
ready market.
The end of
war
Leavitt
&
Co., 0.5275%; First National Bank
Boston, 0.538%.
of
in
activity and the
forces is be-
FLORIDA
the
some, extent
smaller commu*
nities throughout the State. While
the
level
these
of
business
communities
activity
will
be
in
peacetimes
to
for
fact
that
coming into the winter
with
that
its increased activity
those
communities
District, series of 1937,
highway
refunding
bonds, at a price of 119.52, a
The
Florida
municipal
bond
been, figuratively
.speaking, at the boiling point dur¬
ing the last 30 days. As a matter
of fact, it has rocked along at
basis of about 1.546%.
To
market has not
;
..about
the
same
nominal
fering prices have
softened.
We
'
until
the
new
tax
bill
is
enacted
Chi&
York,
of
Leedy,
Orlando,
Georgia,
and
phrey
Co.,
jointly: '
Wheeler
Trust
Co.
of
Robinson-Hum¬
both
of
Dated
2.183%.
County
Bonds Voted—An
issue of $80,-
000 construction bonds
was
favor¬
ably voted at the election held
;
on
Oct. 30.
Hillsborough County Special Road
and Bridge Dists. (P. O.
Tampa), Fla.
Bond
Sale—The
$85,000 SBA
refunding bonds offered Nov. 13—
v.
162, p. 1936—were awarded to
a syndicate composed of John Nu¬
veen & Co., Chicago; B. J. Van
Ingen & Co., New York; Leedy,
Wheeler & Co., Orlando; Trust
Company of Georgia, and Robin¬
son-Humphrey Co., both of At¬
as 1.90s, at a price
basis of about 1.873%.
lanta,
a
in the sale were:
of 100.17,
Included
•
and
bonds.
YYt
\- -
2.357%.
:•; V:..
;
price of
of
about
•v/.-U:
-
The
for
certifi¬
sale
1, 1963. The Florida
Bank, Jacksonville, and
the Clyde C. Pierce Corp., jointly,
were second high bidders,
offer¬
ing 100.21 for ? $35,000 2.10s and
100.11 for $50,000 2.20s.
'
National
Lake Worth, Fla.
Certificate
Offering —E.
C.
City
Clerk,
29,
for the
2%
semi-annual
tric
purchase
revenue
will
receive
Nov.
of $850,000
water
and
certificates..
elec¬
Dated
to
issue $350,000
in
self-
bor facilities.
Pinellas
,
County, St.
Petersburg
Special Road and Bridge Dist.
No. 13 (P. O. Clearwater),
Florida
Bond
Sale^—The
$60,000
SBA
refunding .bonds offered Nov. 13
—v.
162, p. 1936—were awarded
to
an
account composed of John
Nuveen & Co., Chicago, B. J. Van
Ingen
&
Co.,
New York, Leedy,
Co., Orlando, Trust
Co/ of
Georgia, and RobinsonHumphrey Co., both of Atlanta,
as 2s, at a price of
100.41, a basis
Wheeler
of
&
:
about
1946
1.975%.
Dated
and
due
Jan.
high
ond
bid
of
made
was
Jan.
I,
Sec¬
1966.
for
2.10s
Florida
by
under
1,
100.11
National
Bank, Jacksonville, and Clyde C.
provisions of an ordinance Pierce
Corp., jointly.
adopted by the City Commission
On Oct., 10, 1945, and the laws of '■i{}P'elhh:Cautity Special Road and*
the State and subject to validation
Bridge Districts (P. O. Bartow),
the Circuit Court of the Fif¬
by
teenth Judicial Circuit of Florida
and
in
Palm
for
Beach
County
and
the
favorable
.opinion ; of
Chapman & Cutler,* of Chicago.
Enclose a certified check for $1,-
700, payable to the City.. '
,
Lee County (Fort Myers), Fla.
Bond Call—The State Board of
Administration, successor to the
Board of County Commissioners,
by virtue of Section 16 Of Article
9 of the 'State Constitution, has
it
that
its
payment on
has decided to
option and call for
Jan. 1, 1946, road and
bridge 'refunding ponds'No. 51* to
57 and 60
to 67, amounting to
$15,000. Dated July 1, 1939. These
bonds are due July 1, as follows
$7,000 in 1949 and $8,000 in 1950.
Holders
of
said
bonds
are
noti¬
fied to present their bonds for
payment, with all coupons at¬
tached, to the City Bank Farmers
Trust Co., New York City, pay¬
ing agent, where payment will
be made at par plus accrued in¬
terest,
ceases
on
on
date named.
date palled. -!'• •
Florida
:/■£:/••.
V
Bond Sale—The
following SBA,
1946, • refunding bonds
amounting to $52,000 and offered
for sale on Nov. 13—v. 162, p. 1937
—were
awarded to a syndicate
composed of B. J. Van Ingen &
Co., of New York, John Nuveen
& Co., of Chicago, Leedy, Wheeler
& Co., of Orlando, Trust Co. of
Georgia, and Robinson-Humphrey
Co., both of Atlanta, as 1.70s, at
a price of
100.04, a basis of about
series
of
1.696%:
\
County Board
Jan.
l,r 1958.
bidder
101.52,
ally
accompanied by
appertaining, maturing
Inter¬
at a price
basis of about 1.094%.
$33,000
SBA
refunding bonds offered Nov. 13—
v. 162, p. 2067—were awarded to
composed of John Nu¬
veen
& Co., Chicago; B. J. Van
Ingen & Co., New York; Leedy,
Wheeler &
Co., Orlando; Trust
Company of Georgia, apd Robin¬
son-Humphrey Co., both of Atlan¬
ta/as 13/4S, at a price of 100.17, a
a
The bonds
1946, and due
basis of about 1.737%.
dated
Feb.
1,
Second high bid of
100.11 for 1.90s was made by Flor¬
ida National
Bank, Jacksonville,
Feb.
anH
1,
1961.
Clvrte C. Pierce Corn.;
Second
1.20s
for
high
bid
of
by
made
was
Braun, Bosworth & Co., Inc., Toledo.
'
.
'
'
(
St.
Petersburg, Fla.
Certificate
Offering — Jennie
Cook, Clerk of the Council, will
receive
on
bids
sealed
until
11
a.m.
Dec. 4 for the
purchase of the
following gas plant revenue cer¬
tificates
amounting to $700,000,
for not exceeding 3% interest:
$18,000 Oct. 1, 1946 to 1970.
250,000 series B certificates. Due
$10,000
:
Dated
jointly.
Oct.
Oct.
1,
1946
1, 1945.
to
1970.
Denomina¬
tion $1,000. Rate of interest to be
in multiples of xk or one-tenth of
The named rate may be uni¬
for an entire series or may
form
be
split
as
so
to
name
than two rates for such
shall
there
rate
group
are
a
1, 1946 and due seri¬
Jan. 1 from 1947 to 1952
on
1%.
(P. O. Ocala), Fla.
Sale—The
Bank of
l^s,
as
$450,000 series A certificates. Due
agent,
Marion County
National
Jan.
100.04
Dated July J, 1939. These bonds
due July 1, 1969. Said bonds
should be presented to the above
1946.
called..
bridge
highest
next
Florida
the Atlantic National
to
are
and after Jan. 1,
The
Jacksonville,
«
est ceases on date
and
$440,000 SBA
bonds offered Nov. 13
p.1937—were awarded
inclusive.
on
road
Sale—The
162,
—v.
being called for payment on Jan.
1, 1946, at par, plus accrued in¬
terest, at the office of the paying
agent, the Central Hanover Bank
& Trust Co., New York City:
paying
•
bridge
St. Johns County (P. O.
St. Augustine), Fla.
of
.
and
price of 100.23.
a
Dated
15 to
road
10 bonds.
Bank, Jacksonville, and Clyde C.
Pierce Corp., jointly, for 1.80s, af
Instruction, has announced that
the following refunding bonds are
$500.
4,000 series B bonds, Nos.
18, for $1,000 each.
bridge
3 bonds.'
the
was
Chairman of the Board of Public
$2,000 series A bonds, Nos.: 11 to
14, for $500 each.
2,000 series A bonds, Nos. 18 and
19, for $1,000 each.
C
500 series B bonds, No. 7, for
and
V Dated Jan. 1, 1946.
Denomina¬
tion $1,000. These bonds are due
Bond
Instruction, (P. O. Stuart), Fla.
Bonds
Called—J.
D.
Parker,
road
district No. 12 bonds./
v
Interest
of Public
:
$17,000'; special
/V'v, district No.
18,000 ; special
;/
district No.
17,000 special
refunding
Martin
Bond
sealed bids until 7:30 p.m. on
a
system.
offered
are
per¬
mission
liquidating
revenue
certificates,
for improvement of dock and har¬
the
iiAY.
Each issue is dated Jan. 1, 1946,
Ewing,
'■■i'Y funding bonds, at
127.69,
a
basis
electric
coupons
Plant City special road
bridge district bonds.
35,000 East Tampa special road
and
bridge
district
No.
2
$50,000
No. 3,
issu£ of 1942, 4%%-re-
Trust
Miami, Fla.
Certificate Issuance Approved—
Nov. 2 Circuit Judge Stanley
W. Milledge granted the City
On
-
cial Road and Bridge District
:
and
cates
Special
Atlanta,
V;;v.v
v;//
$61,000 Palm Beach County, Spe¬
r
into law, when probably the mar¬ //
ket will become more or less sta-'
of
of
Co.,
Y
doubt if there will be any marked
changes in asking prices of bonds
Co.,
New
t
about
and due Jan.
Nuveer^ &
cago, B. J. Van Ingen & Co.,
„/
price
levels although here and there of¬
John
•
1
'
wh ich
4t£%
monthly bond bulletin pub¬
lished by A. B. Morrison &
Co.,
Congress Building, Miami:
Florida >
Tax
Sch. Dist. No. 1 (P. O. Avon
Park), Fla.
means
ment
the
Wauchula),
Manufacturers
was
Highlands
„
taken from the October edition of
the
New York.
Payable as to
both principal and interest from
revenues
derived
by the City
from the operation of its water
made by the Florida
Bank, Jacksonville, and
Clyde C. Pierce Corp., jointly.
season
,
at
Co.,
National
we
County Special Road and
have lost a large part of their
L
Y Bridge District No. 1 (Pi O.
temporary population will have
Gainesville), Fla.
several months to adjust them¬
Bonds Sold—The $100,000
SBA, selves to
changed conditions.
series of 1946, refunding bonds of¬
fered for sale on Nov. 13—v. 162,
Florida (State of)
p. 2066—were awarded to the AtBonds Sold—The $llll000 bonds
i fantic National Bank, of Jackson¬
held as sinking fund investments
ville, as 1 M»s, at a price of 101.05, for St. Johns County and offered
a
basis of about 1.368%.
Dated for sale
on. Nov. 13 by the State
Jan. 1, 1946. Denom. $1,000. These Board
of
Administration, were
bonds are due $50,000 on Jan.
1, awarded as follows:
1954 and 1955.
The next highest
To Florida National Bank, Jack¬
bider was John Nuveen & Co., B.
sonville, and the Clyde C. Fierce
J. Van Ingen & Co., Leedy, Wheel¬
Corp., Jacksonville, jointly:
er
& Co., Trust Co. of
Georgia; $25,000 Alachua
County Special
Atlanta, and Robinson-Humphrey
Road and Bridge District No.
.Co., jpintly, for 1 %s, at a price
U series of 1938, 4% refund¬
;
Of 100.54.
ing bonds,
at
a
price
of
-y"YY
Florida (State of)
113.000, a basis of 1.38%.
'it iMunicIpaiMarkeLDisciissed-L
25,000 Flagler and Volusia Coun¬
The
ty's Ocean Shore Improve¬
following
comments
are
5
2.30s
considerable
a
The
come.
able
announced
Feb. 1, 1945, and due Feb. 1, 1961.
Second high bid of
100.14 for
re¬
appears that it will
be somewhat above that of normal
time
of
basis
a
duced, it still
are
Alachua
of
some
on
Bond
Sale—The
$17,000 SBA
refunding bonds offered Nov. 13
—v.
162, p. 2066—Were awarded
to a group composed of John Nu¬
veen
& Co., Chicago; B. J. Van
Ingen & Co., New York; Leedy,
Wheeler & Co., Orlando;
Trust
Company of Georgia, and Robinson-Humphrey Co., both of At¬
lanta, as 2.20s, at a price of 100.27,
these
commanded
ceases
•
r!.
maturity has
or
Interest
Hardee County (P. O.
fruit which because
size, coloring
heretofore
bonds.
Denomination $1,1, as follows: $33,1946, $34,000 in 1947, $35,000 in 1948, $36,000 in 1949, $37,000
in
1950,
$38,000
in
1951,
$39,000 in 1952, $40,000 in 1953,
$41,000 in 1954, $42,000; in 1955,
$43,000 in 1956, $44,000 in 1957,
$45,000 in 1958, $46,000 in 1959,
$47,000 in I960, $48,000 in 1961,
$49,000 in 1962, $50,000 in 1963,
$51,000 in 1964, and $52,000 in 1965.
Certificates maturing Nov. 1,. 1956
to
1965, may be called for re¬
demption prior to maturity, at the
option of the City, in inverse nu¬
merical order oil Nov. 1, 1955, and
on
any
interest
payment
date
thereafter at par and accrued in¬
terest. Principal and interest pay¬
1945.
Due Nov.
in
000
exercise
citrus
of
C
date called.
ginning to be felt to
New York, at 0.38459% discount.
Dated Nov. 15, 1946, and due Oct.
; 16.
ries
that any
since
removed,
use
exodus of the armed
Stamford, Conn.
Note Sale—The issue of
notes
not
anticipation
also
means
overproduction
processes
New London, Conn.Notes Sold—It isT stated
presentation, with all subse¬
unmatured
copuons
at¬
tached, at the Central Hanover
Bank & Trust Co., New York City,
or
at the Wauchula State Bank,
Wauchula, in the case of Series
A and B bonds, at the Central
Hanover Bank & Trust Co., New
York City, in the case of the Se¬
upon
quent
This means,
are
true, that orange
containing all the vita¬
mins of fresh juice can be^stored
on
grocery shelves the same as
baking powder, and orange juice
will be available the year round
by merely adding water. Various
processing of citrus fruits, through
canning, juice concentration and
re¬
jected by the voters at the Nov.
•;
the
'
1
Florida
.
Bonds Called—-T. E. Blackburn,
Secretary of the Board of ; Public
citrus
the
——126.37
County Special Tax Sch.
(P. O. Wauchula),
"
It looks
concentration and
plant
submitted
and
.
'
^
Jacksonville,
v
v. :
Associate,
For $61,000 Palm Beach
j;
damage in certain sections from
the
September hurricane.
The
necessity for conserving shipping
space during the war resulted in
great strides being made in the
School District bonds.
$25,000 Flagler and
Volusia Cos. bonds——118.76
Florida National Bank,
appears
the largest on record despite some
300,000 San Lorenzo .Elementary
000,000
to
$25,000, Alachua Co.
For
:
The Florida citrus crop, accord¬
100,000 Castro Valley Elementary
Los
few
a
5
Co., and .<
-fbonds
Florida.
ffiiM School District bonds/;
,
to
apparently
will benefit.
School District bonds.
*
For
entire « state
as though a
lot of people have made up their
minds to take that long deferred
winter
vacation and
come
to
an
Jan. 15:
Union
at a
The two main
Nov.,,1,
000.
Price Bid
Associates,
continue
Florida
were
/•'•/•";"
John Nuveen &
exceptionally big
year
in spite of
an
highest bidders
Bidder
housing and transportation short¬
ages.
The influx won't be con¬
Jaond? amounting to $1,200,000 will
."be submitted to the voters at
for
Winter
Alameda County Sch. Dist. (P. O.
:
Oakland), Calif.
•
j
ac¬
revenue,
headed
CALIFORNIA
next
follows:
as
winter tour¬
ists
and
crops,
are,
apparently,
going to be of bumper size. From
Jan. 1, in 1948 to
on
The
The
increased
any
generally
satisfactory level.
and
$10,000
cause
Florida
f until Nov, 29, for the purchase of
due
levels.
tivity.
£ '
V Business conditions throughout
County
receive
certain
at
forthcoming Victory Loan certain¬
Jefferson County(P. O. Birming-
;
be
or
City
combination
interest
lowest
upon
of
interest
the
charge
cetrificates
rates of interest
amount
of
„
Bidders may
for
each
submit
The
of
one
City
bid.
any one
will
bids
of
determined by computing
tal
one
maturity of any
The
series.
one
cost to the
than
more
no
for any one
not more
series, but
over
the
at
be
the to¬
the life
rate
or
specified, less the
premium
specified./
submit separate bids
said
bid
series,
for
reserves
or
both
the
may
series.
right
tq
properly submitted to the voters
reject any and all bids, to accept
a bid for one of said
series only,
single bid for
series, as the City Council
in its discretion determine.
No bid for the certificates at less
both
may
and accrued interest
will be considered. All bids must
be unconditional.
These certifi¬
cates have been validated by ju¬
than
*
.
par
committed er¬
ing that the court
portions of the
and in dismissing his
in sustaining
ror
demurrer
dicial decree of the Circuit Court petition. The defendants are likeof the Sixth Judicial Circuit of Wise appealing the case to the Su¬
the State of Florida, and the opin¬ preme Court, taking the position
ion of Wood, Hoffman, King & that the judge committed error
when he held that the amendment
Dawson, of New York City, ap¬
to the Constitution was properly
proving the validity of such cer¬
tificates
will be furnished the submitted as one single amend¬
of
ment.
bidders free
successful bidder or
Enclose a certified
the certificates.
charge.
V
g|
Salaries and Competence»
check for 2% of
With
Fla.
Joint Sewer and Water Facili¬
ties
Authorized—This city has
been authorized by the state leg¬
islature
to operate sewer and
water facilities jointly, to com¬
St. Petersburg,
to the
reference
tence of the
bers to
is pointed oiit that some
members
of the court
served on the committee which
city is also authorized to
The
operated by the city,
the American Public Works Association reports.
utilities
of
*
when all
Court are disqualified,
they shall select by lot seven Su¬
perior Court judges who shall
hear and pass upon the case. In
this instance, it is suggested also
that their salaries are likewise in¬
creased under the provisions of
Ga.
v
the
plaintiff in the suit is rep¬
resented by Downing Musgrove,
of Homerville, while the defend¬
ants
are
represented by J. B.
Copelands, of Valdosta.
provisions of the new basic law.
problem and
involved appeared in
questions
the
columns
previous occa¬
sions, as follows: Oct. 1, p. 1561;
Oct. 15, p. 1811; Oct. 22, p. 1937;
Oct. 29, p. 2067, under Decatur,
on
the
may
has
tribunal
asked
been
to
judgment on/ the validity of
proposed issue of $30,000 Fargo
pass
a
v
District
S ch ool
Consolidated
In this connection, a dis¬
bonds.
patch
from
lished
in
"Atlanta
Valdosta,
the Nov.
pub¬
Ga.,
issue of the
8
,
fied to pass on issues involving
the validity of the state's new
Constitution?
here
in
connection
filed
in
with
a
County Superior
Court seeking to enjoin issue and
sale of approximately $30,000 in
bonds
of
Fargo
Consolidated
School District. The complainant,
W. E. Wheeler, asserts that cer¬
tain provisions of the new char¬
ter repeal former laws covering
such
bond
bonds,
null
and
void.
*
the
are
and
,
suit
is against the school
the Board of Education,
district,
the
that
validated,
issues
voted
and
The
board
sioners
Harris also said he would ask for
additional
appropriation
of
$1,500,000 for operation of the
State eleemosynary institutions.
an
of
and
county
the
commis¬
■
of
collector
tax
ILLINOIS
Towns/tip High Sch. Dist.
No, 11(1 (P, O. Carmi), III.
Bonds Voted—An issue of $143,-
000
construction
vorably voted at
receive
a.m.
whether the
new
Constitution
was
sealed
amount
or
elusive
Of
that
it
was
not
separately, and
accrued
able
under
the
of
chase
the
sum
according to law
interest
tenders)
of
not
is available for that
The call for tenders is
usually an indication, of the dis¬
trict's intention to
exercise its
right to call bonds for redemption
on the nearest optional date.
Sch. Dist.
No. 217 (P.O. Argo), III.
Bond
Call — Jennie
E.
Vial,
School Treasurer, calls for pay¬
ment on Jan. 1, 1946, $15,000 4%
school building bonds Nos. 76 to
90.
Dated Jan.
1, 1938.
These
bonds are due on Jan. 1,1958, op¬
tional Jan. 1,1946. The bonds with
all matured and unmatured cou¬
Cook County High
case
on
-
:
(a)
available for the
the
bonds
Tenders
amount
and
interest,
^
rate
Du Page County, Glenbord Township High Sch. Dist No, 87
(P.O. Ellyn), III.
Bond Call—Otto F. Mari, School
Treasurer, calls for payment on
Jan. 1, 1946, at par and accrued
interest,
$15,000
5%
refunding
bonds N'os. 69 to 83.
Dated July
on
June 15,
payable at
the First National Bank of Chi¬
that
the
amendment
was
Interest
cago.
750,000 Veterans' Memorial Build¬
ing bonds.
KENTUCKY
are
on
time.
bonds
was
purchased re¬
cently by Barcus, Kindred & Co.,
of Chicago.
construction bonds were
at the Nov. 6 election,
to
approved
according
unofficial reports, '
RidgeTownship(P. O: Westervett), III.
'.
Bonds Sold—It is stated
that the
$20,000 road improvement bonds
approved by the voters on Nov. 6,
have been
of
purchased by the Shel¬
by Loan & Trust Co. and the
Shelby County State Bank, both
of Shelbyville, jointly. Denomina-
bonds
tipn $1,000.
Due
$5,000
Dated. May 1, 1945.
May 1 in 1946 to
on
1949. /
Riverside, III.
Bonds
Defeated—The
INDIANA
Center
$10,000
property purchase bonds were de-
|
feated
Nov. 6.
at
the
election
held
on
ing bonds, dated April 1,1941, are
advised that a hearing will
held at 10 a.m. on Dec. 4, at the
office of W. L. Knuckles, Jr., State
receive sealed bids
Nov. 26 for the
purchase
of
$106,000 ? building
bonds, not exceeding 4V2% inter¬
est. Dated Dec. 1, 1945. Denomi¬
nation $1,000.
Due $4,000 July 5,
1947, and Jan. and July 5, 1948 to
1959, and $4,000 Jan. and $2,000
July 5, 1960. Rate of interest to
be in multiples of V\ of 1% and
Trustee, will
until
not
8
on
p.m.
than
more
rate
one
shall be
each bidder.. Said bonds
will be awarded .to the highest
responsible bidder whose bid is
submitted in accordance with the
named by
highest bid¬
der will be the one who offers
the lowest net interest cost to the
of
notice
School
The
sale.
Township,
be deter¬
the total in¬
to
mined by computing
terest on all of the bonds to their
and deducting there¬
premium bid, if any. No
bid for less than par value of said
maturities
right
and
will
$40,000 of the above described is*
which will become due and/or
sue
callable on
reserved
is
satisfactory
the
time
bids
and
the
on
event
date
herein
fixed, the sale will continue from
day to day thereafter, but not ex¬
ceeding thirty days, until a satis¬
factory bid has been received for
all of said bonds.
Principal and
Highway
proved to Earmark
Funds—Voters
at
about
three
a
the
recent
by
approved
election*
general
to:
one
majority
amendment to the State Con*
an
under which the
stitution,
State
blocked
from
will
hereafter
be
the highway funds for
any other purpose, and all taxes
and licenses from gasoline, auto¬
mobile sales, drivers' licenses, car
raiding
licenses, etc., will go into the road
funds, for building and mainte¬
nance of roadways, and cannot be
used for any
This
other purpose.
action
,
had
no
bearing
on
politics, but was merely a desire
of rural dwellers to get .out of the
mud
and
secure
hard surfaced
as in some sections of the
State farmers are unable to. get to
roads,
market
and
send
even
or
school
to
dren
in
chil¬
their
bad
weather,
again the State has lost mil¬
lions of dollars in Federal aid that
have been made available
Government
the
State funds for
received at
the
.>!-■' \/'V
Kentucky (State of)
Constitutional Amendment Ap¬
where
are
held,
election
the
at
Nov, 6.
would
no
bonds
protection
flood
voted
any
reject
to
In
bids.
all
April 1, 1948.
Covington, Ky. y. • •,?:/• •
Issue
Approved—The
Bond
The
considered.
be
Frank¬
at
Ky.
The purpose of this
hearing will be to consider the pe*
tition of the County for approval
of the issuance of bonds to refund
fort,
on
Township School Township
O. Evansville), Ind. ■ " <
Offering—Kurt
Karger,
Officer
Finance
Local
(P.
Bond
Income
Tax
cated— The
>
matches
highway use.
State
''■
Advo¬
Substitute
Legislative
Council was told recently by Dr.
James W. Martin, director of
bureau of business
research
the
th&
at
University of Kentucky, that
substitution of an
$8,000,000 Sales
payable at the National tax for the
present Kentucky
of Evansville.
The. State income tax would divide the
bonds are the direct obligations
load now carried by taxpayer^
of said School Township, payable
making more than $5,000 a. year
out of taxes to be levied and Col¬
among
taxpayers making from
lected 6n all of the taxable prop¬
$500 to $3,000 a year. '< :
■
erty within the School Township
He submitted five charts which
within the limits prescribed by
interest
City
Bank
The legal opinion of Ross,
McCord, Ice & Miller, of Indian¬
apolis, will accompany said bonds,
showed, generally, that repeal. of
income
tax, Tegardless *of
whether it was replaced by a sale&
law.
,the
tax, would shift the burden down¬
ward from the rich to the so?
without cost.
CiarksvilleSchool Town, ind.
$36,663
Bonds Sold—An issue of
building bonds was awarded on
July 27 to R. S. Dickson & Co.,
Charlotte, as 1 Y^s, it is reported.
Indiana
Teachers'
Fund
on
Bonds Offered
Nov. 16 by the Board of
tees of the State Teachers'
ment
called
,
middle
classes.
«
The charts showed that the very
poor
one
would not be affected much
way
making
or another.
from $3,000
And people
to $5,000 a
year would pay virtually the same
under a general sales tax yielding
(State of)
—Bids were received until 2 p.m.
Trus¬
Retire¬
Fund, for the purchase of
$8,000,000 a year, or. the income
tax, yielding, now some $7,500,000
a year, he added.
Dr. Martin, a former State Rev¬
enue
Commissioner said that, In
Kentucky's
present
tax
municipal and revenue bonds ag¬
gregating $1,000,000, reports Frank
V." Carmichael, Executive Secre¬
general,
tary.
"You don't get a decent system
by one tax alone," he said. "It is
the
combination
of
taxes
that
is a de¬
cent and well-balanced system; ,
structure
at State levels
IOWA
gives a decent system."
Independent Schoolr Dis-~
He explained that the Univer¬
trict No. 5 (P. O. Danville), la.
sity of Kentucky makes him avails
Bond sale—The $24,000 semi¬ able for such lectures, but that
annual funding bonds offered for what he says represents his own
opinion.
He
further explained
sale on Nov 8—-v. 162, p. 2196—
were
awarded ; to
the
Danville that the charts were prepared fol¬
lowing press reports that various
State Savings Bank as l^s, at a
price of 100.104, a basis of about alternates were being discussed in
1.46%. Dated Nov. 1, 1945.
De¬ Frankfort, along with possibility
Danville
nomination
■/
bridge bonds, dated April 1, 1916,
road and bridge refund¬
and 4%
were
rr
Richland County (P. O. Otney), III.
Bonds Voted—The $250,000 road
of the County's 4V2% road and
$60,000,
Bonds Sold—An issue of $25,000
water
County. Ky.
Approval Sought—Hold¬
Bond
ers
hand to pay
the bonds and interest due at that
of
Oak Lawn, 111.
Ballard
and there is money on
de¬
Oct. 30.
the
offering
bonds at the lowest prices.
-
(P. O. Peters¬
burg), III.
Defeated-*An issue of
offered.
tenders
-
•
Bonds
(b) Tenders stating the highest
average yield to maturity will be
the
date
on
$175,000 highway bonds was
feated
at
the
election held
on
considered
ceases
Menard County
at which
Nov. 3, and he passed
bonds are
Said
1960.
dis¬
rates
the
$1,000.
Denomination
1940.
1,
These bonds are clue on
matur¬
or
or
20.
election to be held on Nov.
and
maturity
sustaining
certain
grounds of the demurrer and dis¬
missing the petition. However, he
held
offered
maturity
submitted to the voters at the
be
ex¬
state
of
issue
construction bonds will
$250,000
County,
Three of these $1,000
callable Jan. 1, 1946,
1943.
ber,
bonds
47, III.
No.
Election —An
Bond
Williamson
of
announced, in regard to the
which occurred on bonds
of road district No. 8-2, that all
bonds of this district issued in
1937 have been retired. There is
now outstanding a $12,000 balance
of an issue of $15,000 of Decem¬
default
from the
Crystal Lake Grade Sch. Dist.
pur¬
the
by
must
payable
a
order
be
date called.
on
.
;
as
should
attached
?
has
refunding
purpose.
to exceed
are
an
charter
new
single amendment.
J.
$4,157,750
pay¬
to
Marion), III,
Retired—Blaine Pearce,
it is reported, re¬
questing the calling of an election
for Dec. 10 on the issuance of $2,-
bonds are due $5,000 from
Bonds
1 petitions
has"' received
Council
from taxpayers,
$1,000.
Denomination
1945.
1,
These
bonds
bonds of 1936. No
bonds will be purchased at a price
of more than par and accrued in¬
terest and a sum of approximately
B
11
the
the
Dist.
Gormley, District Treasurer, will
receive sealed tenders until 11
a.m.
on Nov.
27 of series A and
O.
Judge W. R. Smith, of the Alapaha Circuit, heard arguments in
submit
21.
(P. O. Chicago)i lill.
Wanted—William
the average yield to
the bonds at the price
they are offered and also
the price in dollars (exclusive of
accrued interest)
at which they
to
firm
remain
shall
o'clock a.m., on Nov.
Tenders
amounts sufficient (ex-
ities Of and the
Constitution
of the bonds offered.
11
will
until
IV2S, at a price of 100.289, a
basis of abouT 1.475%. Dated Nov.
as
Treasurer
::
4
Cook County Forest Preserve
purchase
series B, issue of 1945, re¬
funding
bonds.
These
tenders
will be publicly opened at the
Treasurer's
office,
910
South
Michigan
Avenue,
Chicago,
at
the time specified. Subject to the
following terms and conditions,
legally
acceptable
tenders re¬
ceived
offering
bonds
at
the
lowest prices will be accepted in
amendents
the
;i4
be
called.
d—Frank
tenders
trict:
to
e
Treasurer,
legally adopted, asserting among
other things that the Constitution
of
1877
required that separate
must be submitted
may
tenders
All
until
Nov. 20 for the
on
$7,757,500
of
.
submitted in
the alternative or may be condi¬
tioned upon the acceptance of all
of
they
question
fa¬
was
recent election.
W an t
District
haust
the
bonds
a
park acquisition and im¬
provement bonds offered for sale
on Nov. 8—v. 162, p. 2195—were
awarded to Halsey, Stuart & Co,
not
tender
any
^
Tenders
Chicago Sanitary Dist., III.
Tenders
Birney,
the country, and these defendants
filed a general demurrer in which
raised
rejected.
Carrni
suit
Clinch
and
tenders
all
complying with the terms of the
will be
the Milledgeville
has been raised
question
de¬
dis¬
notice of call for tenders
pons
amounting to $7,500,-
Journal," noted the fol¬
lowing:
• ' Are the present., members of the
Supreme Court of Georgia quali¬
This
of)
improvements
State Hospi¬
tal, and said that he would intro¬
duce at the January session of
the Legislature an amendment to
the old Hospital Authority Act au¬
thorizing issuance of such certifi¬
cates, to be repaid from rents
within 10 years.
Representative
resolve the un¬
certainty is based on the fact that
Righest court
ac¬
immediate
for
000
possibility that the State's
pay
i
at
Ga.
ob¬
de¬
pre¬
Hospital
Certificate
Issuance sented for payment at the Con¬
Proposed—Roy V. Harris, Speaker tinental Illinois National Bank &
of the House of Representatives, Trust Co., of Chicago, where they
in a statement on Nov. 7, advo¬ will be redeemed gjt par plus ac¬
cated the issuance of new revenue crued interest. Interest will cease
certificates
'
The
(State
Georgia
sanctioned in accordance with the
these
Constitution.
new
The
validity of local bond issues that
were authorized,
but are yet to
be sold, prior to the approval last
August of the State's new Consti¬
tution/: A similar cloud is said to
bear on issues that have been
to
in the new
the effect that
of the members of the
to
Supreme
Pargo Consolidated Sch. Dist.,
Reference
an
There is a provision
W': Bond Issue Ruling Appealed To
S t at e
Supreme
Court — The
»Georgia
Supreme
Court
may
i' shortly elect to set at rest the
doubt
entertained in municipal
and bond house circles as to the
*
and,
Constitution
GEORGIA
*
mem¬
for that reason, they
interest in sustaining the
Constitution.
tion
have
main¬
for depreciation
tain cash reserves
Constitution.
new
bers of the Supreme Court were
increased under the new Constitu¬
extension
of sewer and water purposes.
the
prepared
Besides the salaries of the
Western Springs Park' District, HIBond Sale—The $90,000 semi¬
annual
yield Nov. 1, 1948 to 1965. The next
stated in such tender, but in any highest bidder was Cruttenden &
event rtbt more than the price Co., for lYts, at a price of 100.077.
in dollars stated in such tender.
?
Williamson County, Herrin Road
(e) Right is reserved to reject
District No. 8-2 (P. O.
or none
case, it
of
the
received therefrom
issue bonds for
to
and
will
the issues in this
on
pass
.
bine the funds
par
trict income at the average
compe¬
Supreme Court mem¬
f
Des Moines, Iowa
Bond Election Sought—The City
'
the
offered
exceeds
which
election in August value of the bonds
is of full force and virtue and is not be considered,
v.; (d) Tenders accepted shall
now the Constitution of this state/
He* also held that the bonds in ligate the district to accept
question are legal and valid in livery of the bonds and to
•therefor such amount, plus
every particular.
The plaintiff is appealing the crued interest to the date of
case to the Supreme Court, charge livery, as will yield to the
reject all other bids, to accept
separate bids for the two series
from the same or different bid¬
in
(c) Tenders stating a price
dollars
the general
in
and
ders, or to accept a
Constitution adopted
and that the
Monday, November 19, 1945
FINANCIAL CHRONICLE
; fTHE COMMERCIAL &
2442
are
1956.
$1,000.
These
bonds
1947 to
The next highest bidder was
due
on
Nov.
1, from
Vieth, Duncan & Wood, for
at a price of 100.00.
IV2S,
that
the
income
tax
may
be
re¬
pealed at the forthcoming session
of the Legislature.
"Frankly," he said, "I think the
alternates
on
these
charts
are
Volume 162
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4439
99.44% plain bunk.
by
But if the in-
well
:
what
see
tax load.
1
might
not
fixed
replaced
And
we
what that would
see
v
to
City,
to
tion
$100,000 garbage collecand disposal ^
syst^ bonds
was
rejected by the voters at the
crued
interest,
at
to
State.
the
tunnel
the
and
to
lowest
The
from the total
•"
take
city
and
the
sewer
electric* line *bonds will
'submitted to the voters at
Election
f'-
«
to
f A
'*
Iberville
be held
"...
.
/
Parish
i
'A?
■
•' ) -*;?.% \
an
'
,
Series
following bonds
"EE"
merely for the
cation.'The tax
sale
Nov.
on
1812—were
i
13—v.
awarded
to
cate
162, p.
syndi¬
Equitable
the
a
Constitution
"GG,"
identifi¬
and
Statutes
yis, all of New Orleans,
continue
I $48,000
bonds
to
1865.
tirement
■■
19,000 sewerage system revenue
;V
bonds, as 3s. Due Nov. 1, 1946
i
1965.
.
.
Iberville Parish Water Works Dist,
If Vlifo. 1 (P. 0. Plaquemine), La.
A Bond Sale—The
following bonds
sale
Nov.
on
13—v.
awarded
to
162,
sion
composed of the Equitable
Securities Corp., Scharff &
Jones,
j Glas & Crane,
Kingsbury & Alvis,
All of Now
Orleans, and the IberVille Trust &
Savings Bank, of
^Plaquemine, af a price of par:.
2s.
1965;
J
as
,
will
be
Offering
—
received
until
bids
11
.a.m.
:;<CST), on Dec. 18, by D. Y.
;Sraith, Director of Highways, for
1940 to
of
such
use
other
the
amount of the
terest
on
is
or
principal and in¬
said bonds at maturity.
controversy pending
no
threatening the title of
pres¬
ent officials to their respective of¬
fices
or
the validity of these
,
re¬
demption on July 1, 1948, or
on any interest payment date
j
iX
Bonds
the
State.
the
option
Interest
*; 1 J-J. r
i 900,000
:
bonds.
*.>5
4
July 1:
1960, and
on
on
July 1, 1948, or
interest payment date
thereafter, at the option of
any
J .^ihe State:
Interest payable
•;
;
.;•?
Dated
>
.*.
and
on
after
1,
2
/' i 1950, or on any interest payp
ment date thereafter, at the
y} • optipn of the State. Interest
V '
payable J-D.
^
"Denomination
event
bonds
are
$1,000.
called
In
the
for
re¬
demption, notice is .to be given
certified
for
vestments
banks,
Nov. 5.
No.
1,
1945.
De¬
Due
$2,000
$1,000.
'
the
lowest
interest
to
cost
the
Village, after deducting the pre¬
offered, if any.
In deter¬
mining the net interest cost, in¬
terest on premium will not be
mium
considered
terest
on
from
deductible and in¬
as
Nov.
bonds will be computed
20, 1945, to the re¬
spective maturity dates. No pro¬
posal for less than all of the
bonds will be considered." In ad¬
dition
the special assessments
the full faith and credit
the
Village is pledged for
to
ppp Mich.
Bond
AApl
Offering—L.
School
Moderator,
N.
Green,
will
receive
sealed bids until 7 p.m. (CST) on
Nov. 19 for the purchase of
$41,000
building bonds, not exceeding 3%
interest. Dated Sept: 1,1945. De¬
nomination $1,000. Due Sept.
1, as
follows: $8„000 in 1946 to 1949,
and $9,000 in 1950. Rate of inter¬
est to be in multiples of V4 of 1%.
Principal and interest payable at
the Detroit Trust Co., Detroit. The
bonds
shall
bidder
be
whose
awarded
to
the
produces
bid
the
lowest interest cost to the School
District after deducting the pre¬
mium offered, if any.
In deter¬
mining the net interest cost, inter¬
est
on
premium will not be
sidered
date
of
receiving
aforesaid,
bids, as
respective ma¬
the
turity
The
to
dates.
District is
au¬
thorized
and required by law to
all the taxable prop¬
therein
such
ad
valorem
levy
/
Bank
Com¬
legal
as
Maine
in¬
savings
taxes
as
of
within
:
bonds.
Enclose I
check for 5%
certified
a
of the par value of
the bonds, payable
Treasurer.
to the Village
MARYLAND
Baltimore, Md.
v
„
Unlimited
Tax
Bill
/
Signed
—
Governor O'Conor has signed the
granting • the above city
general
for two years.
taxing
power
It is not known at
present just what new taxes will
be
invoked
though
been
a
by
a range
advanced,
general sales
Baltimore,
al¬
of proposals have
among
tax
which
levy.
was
,
and
the
interest
limitation
Section
by
21,
thereon,
prescribed
Article X of the
2.1% of the assessed valuation for
the
1945
years
clusive,
at
Missaukee
County (P. 0. Lake
City), Mich.
Bond Offering—M. Louisa Wol-
cott,
Clerk,
County
sealed
bids
until
receive
will
10
(EST)
a.m.
Nov. 20 for the purchase of
$70,000 county bonds, not exceed¬
ing 4% interest.
Dated Dec. 1,
1945. Denomination $1,000.
Due
April 1, as follows:
$13,000 in
1946 and 1947, $14,000 in 1948, and
$15,000 in 1949 and 1950. Rate of
interest to be in multiples of lk
of 1 % Principal and interest pay¬
able at the County Treasurer's of¬
j>n
.
fice.
The bonds shall be awarded
to the bidder whose bid
the
interest
lowest
produces
cost
the
to
County after deducting the pre¬
mium offered, if any.
In deter¬
mining the net interest cost, in¬
terest on premium will not be
deductible and in¬
as
terest on bonds shall be computed
from December, 1945, to the re¬
spective maturity dates. No pro¬
posal for less than all the bonds
Bids shall be
bonds.
the
opinion
County.
The
cost
of
to
held
Bids shall be
the
upon
law to levy
by
upon
all, of
the
on
unqualified
of the bonds shall be paid by the
District. Enclose a certified check
for
2%
of the
value of the
bonds, payable? to the District
Treasurer.
par
/
Wyandotte, Mich.
Bond Sale—The $200,000 coupon
paving bonds offered Nov. 13—
v. 162, p. 2316—were awarded to
Halsey, Stuart & Co., Chicago, as
0.75s, at a price of 100.158, a basis
^
of
about
0.696%.
Sale
consisted
of:
162,
All of the bonds
1,
1945.
dated Nov.
are
Second
high
bid of
100.012 for 0.75s was made by Mc¬
Donald-Moore & Co., Detroit.
MINNESOTA
Ctencoe, Minn,
Bonds Voted—An issue of $35,000
hospital bonds
was
at the election held on
approved
Nov. 6.
Murray -County (P. O. Slay ton),
rate
limitation
of
valuation
1945
1949, both
election held
Enclose
of the par
on
certified
a
the
2.025 %
assessed
to
in
of
au¬
tax
of the
the
years
inclusive,
at
April 2, 1945.
check
for
2%
value of the bonds, pay¬
able to the
County Treasurer. ;
Denomination
.These bonds are due on
from 1947 to 1965.
The
next highest bidder was the First
National Bank, St. Paul, and the
First National Bank, Minneapolis,
jointly, for 1.30s, at a price of
$1,000.
Dec.
1,
100.13.
> |
,r.
r
' '
'
\
v
i
Sauk Centre, Minn.
1
Election
Bond
of
$150,000
bonds
at
ers
Held—An
hospital
issue
construction
submitted
was
the
to
election held
an
on
vot-
Nov. 13,
MISSISSIPPI
pypp:'
Fayette, Miss
-
r
..
Bond Sale—The
$40,000 electric
light and water works bonds of¬
fered for sale
on
Oct. 30—v. 162,
1939—were awarded to the J, S*
p,
Love Co., of;
Jackson;:
'
Greenwoodt Miss.
Bond
Sale—The
annual
sale
Nov.
on
6—v.
awarded
were
$150,000 semi¬
hospital bonds offered for
162,
to
p. 1939—
Bank
of
the
Greenwood, as lVgS, at a price of
100.31, a basis of about 1.085%.
1, 1945. Denomination
$1,000. These bonds are due on
Nov. 1, from 1946 to 1957., AppA
Dated Nov.
y
Leflore County (P. 0. Greenwood),
Miss.
Bonds Sold—The
$150,000 1%%
hospital bonds were purchased on
Nov. 6 by Cady & Co., of Colum¬
bus, and The First National Bank,
and
M.
A. Saunders & Co., of
Memphis, jointly, ;: at a price of
100.54, a basis of about 1.19%.
Dated Nov. 1,1945. Due Nov, 1; aa
follows:
$7,000 in 1946 to 1955,
and $8,000 in 1956 to 1965. Legal¬
ity approved by Charles & Trauernicht, of St. Louis.
.
Oxford,
Bond
Local
near
Election
an
Miss.
Contemplated—•
will meet
officials
in
the
submit to the vot¬
future to
issue of $100,000 industrial
plant bonds.
MISSOURI
vi"A: -fa
f.-A
tev&v.'
••'
Kansas
Report
on
City, Mo.
Municipal Revenue
Sources—More
city's
revenue
other
than
half
than
of
the
from sources
property tax last
year.
Total revenues were $8,721,000.
Principal sources were
the cigarette tax, $580,760; alco¬
holic beverage licenses, $209,617;
business, professional and occupa¬
tional licenses, $619,480; franchise
fees from electric, gas, bus, street
car and telephone companies, $1,191,130,
and
parking
meters,
$55,694.'
1
came
the
,
Bond Sale—The
$170,000 semi¬
hospital bonds offered for
Nov. 2—v. 162, p. 2069—
Bank, of Slayton, J. M. Dain &
electors
of 100.202, a basis of about 1.278%.
Dated Dec. 1, 1945.
Webster
Limitation Act.
The
&
Minn.
posed of the Murray County State
increase
a
Bank,
,
the bonds and interets thereon, within the limitation
prescribed by Section 21, Article
X, of the Michigan Constitution
and the Michigan Property Tax
an
to
all of Minneapolis.
Co., of St. Paul, and
Piper, Jaffray &
Hopwood, of
Minneapolis, as 1.30s, at a price
ers
$160,000 special assessment bonds.
Due $32,000 Nov. 1 from 1946
to 1950, inclusive.
40,000 city portion bonds.
Due
$8,000 on Nov. 1 from 1946 to
1950, inclusive.
taxable property therein such ad
valorem taxes as may be neces¬
thorized
tional
Kalman
con¬
opinion of Miller, Canfield, Pad¬
Stone, of Detroit, approv¬
ing the legality of the^bonds. The
cost of such opinion and
printing
the
pay
awarded
1949, both in¬
election
an
dock &
such
shall be -paid by
The purchaser shall
2316—were
-
ditioned
an
Nov. 9—v.
on
composed of the Mur¬
ray County State Bank, of Slayton, Allison-Williams Co., J. M.
Dain
&
Co., Northwestern Na¬
be necessary to pay
may
bonds
Aug. 20, 1945.
sary to pay
"-■■
$150,000 cou¬
building bonds
semi-annual
upon
erty
the
will be considered.
of)
Slay-
con¬
deductible and interest
will be computed from
as
bonds
on
the
levied,
prompt payment of the bonds.
Bids shall be conditioned upon the
Township Sch. Dist.
(Pi O. Birmingham).
10
conditioned upon the unqualified
opinion of Glenn C. Gillespie, of
Pontiac, approving the legality of
of Nov. 1, 1945.
as
unlimited
Dec.
Nov.
a
Southfield
County is authorized and required
measure
on
Dated
securities
shall be callable at par and
accrued interest to date fixed
redemption
Nov. 20 for
on
the cost of printing the bonds. The
for
-a-
on
MAINE
E.y Robinson, State
Bonds
maturing
Dec.
I, 1951,
p.m.
missioner, has issued the list of
'p> 000 in 1961, and $200,000 in
\'i
approved
New Legal List Issued—Homer
*
1962 to 1964.
$400,000
were
Maine (State
■01,000,000 Series GG bonds.
TCsV Dec. 1, 1945. Due on Dec. 1:
$25,000 in 1949 to 1960, $100,-
1
Voted —The
Dated
be callable at par and accrued
interest to date fixed for reon
(P. O. Minden), La.
construction bonds
$650,000 in 1961. Bonds shall
.;
ademption
*:i
6
at the election held
Series EE
July 1, 1943. Due
$25,000 in 1951 to
;p:
„*
No.
of
payable
8
considered
Webster Pariah School District
thereafter,- at
•>*? r'
until
j to the bidder whose bid produces
irrevocably pledged for the
following not
interest to date fixed for
an
\ii&W
able at the Detroit Trust
Co., De¬
troit. The bonds shall be awarded
In addition to the above, the
full faith and credit of the State
bonds. All bidders must agree to
accept delivery of the bonds in
to exceed: 5% semi-annual coupon! Baton Kouge, and to pay the pur¬
chase price thereof not later than
registered highway bonds ag¬
Jan. 15, 1946, upon tender of the
gregating $2,900,000:
bonds by the State, together with
$1,000,000 Series DD bonds. Dated
the opinion of Wood, Hoffman,
July 1, 1943. ' Due on July 1:
King & Dawson, of New York,
TW $25,000 in 1947 to 1959, $500,approving
the
validity
of
the
•>; 000 in 1960, and $175,000 in
bonds; All bids must be uncon¬
s,v
1961. Bonds maturing on or
ditional. Enclose a certified check
r
after July 1, 1949, shall be for
$29,000, payable to the De¬
;;/r callable at par and accrued
partment of Highways.
the purchase of the
•'
v
on.
There
Sealed
at
Nov. 12.
,
at
the
of
Department of
Highways as may be necessary to
pay said bonds and interest there¬
are
Louisiana (State of)
■
voters
1 Vis,
lature
10,000 water works system bonds,
w; as 3s.- Due Nov. 1, 1946. to
•'a.**-Bond
the
on
was
Michigan
Constitution
and
the
unqualified
opinion
of
Miller, Michigan "Property Tax Limita¬
tion Act." The District authorized
Canfield, Paddock & Stone, of De¬
troit, approving the legality of ; an increase in tax limitation; to
and authorized by Act
revenues
:
Dated Nov. 1, 1945. Denomina¬
tions $1,000 and $500.
•.
issue
The next highest bidder
H. V. Sattley & Co., for
$32,-
377 of
the Regular Session of the Legis¬
works system bonds,
Nov. 1, 1946 to
,.
insufficient,
prove
then the State Treasurer is direct¬
ed
Due
1965.
Legislature, of 1936
Regular Session
bonds .should
.
$48,000 water
the
Legislature of 1938, but if
by reason of any emergency or
exigency, the funds specifically
pledged for the retirement of said
jcate
-fr ;:
of
of the
p.
syndi-
a
in¬
and Act 39 of the
Amounting to $58,000 and offered
1812—were
and
Legis¬
lature of 1930, Act 2 of the Reg¬
ular Session of the Legislature of
1934, Act 66 of the Regular Ses¬
1, 1945. Denominations $1,000 and $500.
'for
bonds
of the Extra Session of the
-"1 Dated Nov.
,
said
of
of Act 219 of the Regular Session
of the Legislature of 1928, Act 3
f
to
-so
are
terest "thereon subject always to
the prior charge on said tax of the
bonds issued under the provisions
2V4S.
/:;
Held—An
Nov. 1, 1946 to 1949. Rate of in¬
terest to be in multiples of
of
1 %.
Principal and«interest pay¬
long as any of these
outstanding and shall
primarily be dedicated to the re¬
and the
sewerage system bonds, as
Due Nov. 1, from 1946
'
to
nomination
the amount of 4$ per gallon, shall
O.
Sale—The
000, .IV2S, and $8,000,
price of 100.022.
Election
$45,000 improvement bonds
est.
the State on gasoline, benzine,
naphtha and other motor fuel in
Iberville Trust & Savings Bank of
Plaquemine, at a price of par:
Denomination
(P.
Minn.
syndicate
sessment, Rolls 38 and 39, coupon
bonds, not exceeding 5% inter¬
of
composed of the
Securities Corp., Scharff &
Jones,
Glas & Crane,
Kingsbury & Al-
!
pon
1945.
Bond
Bentley School District, Mich.
the purchase of $8,000 sewer and
water improvement, special as¬
levied under
now
52
ton),
:
p.
bids
Series
purpose of
No.
offered for sale
be
and
amounting to $67,000 and offered
fdr
District
.
$1,000.
submitted
est coupons Will be accepted. The
bonds will be marked Series "DD,"
Sewerage District
iNo. tt\ (P. 0.
Placpaemine), La..
Bond Sale—The
•.
water
considered.^ Crosse Pointe Woods
(P. Oi Crosse
and no bidder will be allowed to
Pointe), Mich.
designate " more than three cou¬
Bond Offering —
Philip Allard,
pon rates. No. bids for split inter¬
Village Clerk, will receive sealed
be
Murray County Independent School
about
Dated Oct. 1,
$100,000
v'
Nov. 20.
on
price of 100.03.
Bond
amount of interest
will
on
was
election held
issue
Paine,
Curtis, and Northern Trust Co.,
Chicago, jointly, for 1.10s, at a
Nov. 5—v. 162, p.
awarded to the First
2196—were
1, from 1948 to
highest bidder
Webber, Jackson &
next
1.383%, as follows: For
$32,000 maturing $8,000 April 1,
1946 to 1949, as l%s, and
$8,000
maturing April 1, 1950, as I'Vas.-
JMtCHIQAN
-■
of
entire
fered for sale
Nov.
on
The
was
Michigan Corp., of Detroit, at a
price of 100.06, a net interest cost
system bonds.
submitted. No bid for less than the
$295,000 sewage system, airport,
wharf, water works improvement
And
issue
to
of any
amount
or
of
bonds
of
the
interest "cost
1957.
Sale—The $40,000 coupon
semi-annual building bonds of¬
O'Conor is said to have signed a
legislative
measure
authorizing
offering
rates of interest specified in the
bid. in determining the best bid
/
Issue
construction
due
are
(P. O. Detroit), Mich.
Bond
of
to be paid by the State at the rate
Abbeville,
•
Election —■ Ait
trict No. 8
Sharpsburg, Md.
Authorized—Governor
premium offered will be deducted
Bond
au¬
Bonds
The bonds will
2443
Southheld Township School Disbill
approved recently by Gover¬
O'Conor.
'J"
nor
not less than par and ac¬
pay
bonds
JNdv. 6 election:
water
was
the State
or at
be awarded to the bidder
issue
Authorized—A
the State's fiscal agency
Treasurer's office.
Bonds Defeated-^-The proposal
Cumberland, Md.
thorizing the city to issue $250,000
redemption. Principal
interest payable in : lawful
in New York
Ky.
,!
Bonds
>
for
money at
do."
Paducah,
Orleans
York, once a week for
weeks, the first publica¬
tion to be 30 days prior to date
it would do to the
and
well
as
New
three
And if the income tax is
Repealed
in
New
and
tome tax is to be repealed, and a
sales tax substituted, we might as
•
I
publication
annual
sale
on
were
awarded to
a
syndicate
com¬
Co., Allison-Williams Co., North¬
western
National
Minneapolis,
of
St.
fray
Paul,
100.07,
Dated
a
as
1.10s,
basis
Nov.
of
of
all
&
Co.,
Piper, f Jaf-
and
Hop wood,.;
&
neapolis
Bank,
Kalman
at
of
a
about
1, 1945.
Min¬
price
of
1.085%.
These bonds
Bonds
Mo.
Groves,
Voted —The
following
bonds amounting
approved
to $800,000 were
at the election held on
Oct. 2:
;
:
;:y
.
;
$250,000 storm sewers bonds.
150,000 public library, equipment
and site purchase bonds.
25,000 public building bonds.
180,000 public park acquirement
bonds.
97,000 street improvement bonds,
18,000 garbage disposition bonds.
65,000 public park acquirement
bonds.
15,000
.
public spark
bonds.
'
acquirement
As
ceived.
MONTANA
interest rate, the
bonds will be sold to the bidder
or
bidders offering to pay not
Mont.
Columbia Falls,
Offering—-Margaret Grist,
Bond
Clerk, will receive sealed
bids until 6 p.m. (MST), on Nov,
Town
coupon
revenue
not
bear
purchase
the
for
24,
water
Dated
of $75,000
bonds, to
exceeding 5% interest.
Dec. 1, 1945. Denomina¬
issue is redeemable
Each bid must be
for, the whole issue. No bids for
less than par. Principal and inter¬
est payable at purchaser's option.
Legality approved by Harold F.
Smith, of Kalispell. Enclose a cer¬
tified check for $5,000, payable to
after five years.
••
.V;
the Town Clerk.
Maturity —The
bonds awarded on
accrued interest at the
$25,000 water
Oct. 29 to J. M.
purchase price. Proposals are
on forms which shall be
furnished by the Borough,
The
bonds will be delivered on Dec. 6,
the
Co.,
iesired
1945, or as soon thereafter as they
may be prepared. The legality of
the bonds will be approved by
Caldwell, Marshall, Trimble &
Mitchell, of New York, whose ap¬
proving opinion
will be fur¬
nished to the purchaser without
2harge. Enclose a certified check
for 2% of the par value of the
NEBRASKA
Ord, Neb.
Attorney
Bonds Sold—The City
*
following
has announced that the
to $50,000 have
$25,000
swimming
bonds amounting
been
sold:
.
Treasurer. •
authorized
The above bonds were
Borough
the
to
-
N. J.
facilities, street paving
sanitary sewer construction
bonds amounting to $97,000.—
swimming
limitation
out
The
amount.
to
as
bonds
rate
are
others,
among
the
and
the
Local
Law
Village
Finance
Law
for
the purpose of paying the cost of
acquiring land as a site for a pub¬
lic library, the period of probable
usefulness of which is 15 years.
Provision has been made for the
down payment as re¬
quired by Section 107 of the Local
Finance Law. No applicable local
law has been adopted pursuant to
the provisions of Section 33.00 or
necessary
the
Local
Finance Law
NEW HAMPSHIRE
pursuant to Chapter 780 of the
of 1944.
In the event that
Ordinance
Passed
An
—
ordi¬
passed first reading pro¬
viding for the issuance of $28,500
water system bonds.
has
of
from
bonds
of
the
same
bidder may, at his election, be re¬
lieved of his obligations under the
to
contract
and
the bonds
the deposit ac¬
purchase
in such
case
„
itt,
member
of the
Board
of
Liquidation for the Borough, re¬
ports that ^interest due on Dec.
,
to be in a
interest
payable in lawful money
Corfu, Corfu, with
exchange.
Valid arid
legally binding general obligations
of
the
Town, all the taxable
real property within which will
be subject to the levy of ad valor¬
em taxes to pay said bonds
and
interest thereon, without limita¬
at the Bank of
of Nov. 15.
Jamesburg, N. 3.
basis of 2.492%.
tion
Dated June
1,
1945. Denomination $1,000. These
bonds are due $12,000 on Dec. 1,
1959
to
were
as
1963.
The
other
Julius A. Rippel, Inc.,
.100.40
for
Co.,
for 2.90s
>
Bond
as
,100.54
bids
due
on
until
1950.
p.m.
Dec.
Rate of interest to
multiples
1%
of
of
V4
and must be the
the
bonds.
be in
one-tenth
or
same
Principal
of
for all
and
in¬
terest
payable at the Farmers &
Merchants National Bank, Mata¬
wan.
No proposal will be consid¬
ered
for
bonds
than
the
lowest
at
a
rate
legally acceptable
necessary
down
rate
at
validation
of said
bonds
pro¬
plied with. In the event that prior
to the delivery of the bonds the
income received by private hold¬
ers from bonds of the same type
and character shall be taxable by
.
8
1,as follows:
$3,000 in 1946 to 1949, and $2,000
in
the
Local Finance Law has been com¬
ceeding 6% interest. Dated Dec. 1,
1945. Denomination $1,000. These
are
the
vided in Title 6 of Article 2 of the
|
»,
C.
{EST) on Nov. 27 for the pur¬
chase of $14,000 coupon or
regis¬
tered fire apparatus
bonds, not ex¬
bonds
the
payment
required by Section J07 of the
the
.100.26
Matawan, N. J.
Offering—Koert
sealed
issued pursuant to
and statutes of
Local Finance Law. Procedure for
,
Wyckoff, Borough Treasurer, will re¬
ceive
The
ing -the cost of the construction of
a
town
building, the period of
probable usefulness of which is 15
years.
Provision has been made
J. B. Hanauer & Co. and
First, National Bank,
Jamesburg, for 3s__
amount.
or
State, including, among others,
the Town Law and the Local Fi¬
Law for the purpose of pay¬
Bid
H. L. Allen &
are
rate
nance
Price
jointly, for 2.60s___
to
Constitution
bidders
Bidder
as
bonds
follows:
•'.Ik,
York
New
ing.bonds offered for sale on Nov.
13—v. 162, p. 2197—were awarded
to Boland, Saffin & Co., of New
York, as 2Y2s, at a price of 100.11,
a
multiple of Y4 or one-
tenth of 1%, and must be the same
for all of the bonds. Principal and
Interest Funding War¬
of the Borough will be paid
on
Bond Sale—The $60,000 refund¬
;
higher
which
proposal is
nounced that pursuant to the pro¬
respective bond
orders and ordinances authorizing
the
of
visions
30,000 Street Improvement bonds.
Due $2,000 Nov.
1, 1947 to
1961.
V
:
30,000 Sanitary Sewer bonds. Due
Nov. 1, as follows: $1,000 in
1947 and 1948, and $2,000 in
1949 to 1962.
;
•
Municipal
85,000
Improvement
Due Nov. 1, as follows:
bonds.
their issuance,
a
re¬
the terms of any. Federal income
tax
the successful bidder
may, at his election, be relieved
of his obligations under the con¬
tract to purchase the bonds and
in such case t'he deposit accom¬
panying his bid will be returned.
law,
The bonds will be delivered at the
Bank
of
Corfu, Corfu, about Dec.
31, 1945. : The approving opinion
of Vandewater, Sykes & Heckler,
of New York, will be furnished to
the
purchaser
close
a
without
certified
cost.
check
payable to the Town.
En¬
for^
$190,
'
.
j
:
Buncombe County.
Buncombe County Series 2.
City of Asheville General.
City of Asheville Series 2.
City of Asheville Water.
Asheville Local Tax School Dis¬
trict.
Special
School
Tax
Special
School
Tax
Biltmore
District.
Johnson
District.
1947 to 1949, $6,000 in 1950 to 1957, and $7,000
$3,000
in
in 1958 to 1961...
ment in the State
Albany
on
will be held in
Nov. 19 and Nov. 20.
The participants
will include ex¬
perienced leaders in many fields
will
who
the
to
will
present their views as
service the municipalities
provide in the years immedi¬
Dated Nov.
tion
Vv
General obligations,
tax, registerable as to
principal only, delivery on or
about Dec. 10, at place of pur¬
chaser's choice. Payable in New
York* A separate bid for each issue (not less than par and accrued
interest) is required. Bidders are
requested to name the interest
rate or rates, in multiples pf % of
1%. Each bid may name one rate
for part of the bonds of each issue
and another rate for the balance,
Woodfin
Special
School
Tax
District.
and
Water
bid may
no
bidder must specify in his bid the
amount of the bonds of each rate,
Sewer
bidder
offering
and
Water
Swannanoa
and
Water
Buncombe
South
Sewer
District.
Cleveland County, Elizabeth School
District (P. O.
the
to
City, such cost to
E.
Easter-
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed bids until 11 a.m.
(EST)
on
Nov. 20 at his office in Raleigh, for the purchase of $50,000
school coupon bonds not exceed¬
ing 6% interest. Dated Oct. 1,
1945.
Denomination $1,000. Due
1, as follows: $3,000 in 1946
to 1955, and $2,000 in 1956 to 1965.
Principal and interest payable in
New York City^ Delivery on or
about Dec. 10, 1945, at place of
purchaser's choice. The bonds are
payable from an unlimited tax to
be levied upon all taxable prop¬
Oct.
erty Ih the School District. Bonds
were
aggregate amount of interest
the
all of the bonds until their
respective maturities. Bids must
on
a
form furnished by the.
above
gfreat wars has
been followed ,by a period of rap¬
id, unplanned expansion of mu¬
nicipal services, culminating in
acute fiscal difficulties.
This pe¬
of
prior to the delivery of the bonds
the income received by private
holders from bonds of the same
type and character shall be tax¬
of any Federal
the successful
bidder may, at his election,
be
relieved of his obligations under
the contract to purchase the bonds
able by the terms
income
tax
law,,
in
and
such
Enclose
turned.
but
no
bid may name more
bonds of each rate. The bonds will
offering
purchase the bonds at the low¬
interest
;
j,;
;;«•
.'tV
:r,
M
Murphy, N.
Tenders—No
No
^
C.
tenders
were
ing bonds, dated July
on a
Bids must be
form furnished by the above
law, the successful bidder may
his election, be relieved of his
obligations under the contract to
purchase the bonds and in such
the deposit accompanying his
bid will be returned.
The ap¬
case
refund¬
1, 1940.
(P. O, Columbus),
N, C. \UVyOffering—W. E. Easter-
County
Bond
sealed bids until 11 a.m.
(EST) on
Nov. 20, at his office in Raleigh,
for the purchase of $67,000 school
refunding coupon bonds, not ,'CX~
ceeding 6% interest. Dated Jurie
1, 1945. Denomination $1,000. Due
June 1, as follows: $6,000 in i960
1962, $12,000 in 1963 to 1965.,
in 1966. Registerable
principal only; general ob¬
ligations; unlimited tax; delivery
at
place of purchaser's choice.
Principal and interest payable in
to
and $13,000
as
to
Bidders are requested
New York.
Mitchell,
to
name
in
multiples of Va of 1%. Each bid
opinion of Masslich &
of New York, wi^ll be
Enclose
a
„certified
Bond Redemption—Howard S., furnished.
cheek for $1,000, payable to the
Cullman,
Chairman,
has
announced that the above Authority
has
elected to redeem on Dec.
State Treasurer.
Concord, N. C.
3%
$576,000, at 103% of their face value,
plus accrued interest to Dec. 15,
1945. Said bonds have been
drawn
lot for redemption; Said re¬
demption price will be paid upon
the surrender of said bonds at the
by
Bond
Offering—W.
Easter-
E.
ling, Secretary of the Local Gov¬
ernment
Commission,
will
re¬
ceived ;
sealed
bids
,at;ft;-his
office
in
(EST)
purchase
Raleigh
on
of
Nov.
until
11
a.m.
20
for
the
$257,000
.
coupon
the interest rate or rates
may name one
bonds
rate for part of the
(having the earliest matur¬
another rate for the
balance, but no bid may name
more
than two rates, and
each
bidder must specify in his bid the,
amount of bonds of each rate. The
bonds will be awarded to the bid¬
ities)
15,
fourth series, general and re¬
funding
bonds, ' amounting
to
t
i
fiir£;■
>) t
•'!
ling, Secretary of the Local Gov¬
ernment Commission, will receive
proving
N. Y.
|
city's offer to consider proposals.
on
Nov. 14 for the purchase of
Polk
interest
all of the bonds until their
respective maturities.
No bid of
less than par and accrued interest
aggregate amount of
at
Port of New York Authority,
'
connection with the
received in
upon
rtof.*')-'
*•:/
v||
Authorized-nrTRe
bonds
amounting
to
the
tax
effort.
,■
...(
Kinston, N. C.
Bond Issuance
outstanding funding and
This time, we propose to do our
utmost
in New York State
to
initial step in that
the State
Treasurer.
cost, such cost to be
determined by deducting the total
amount of the premium bid from
est
cycle was repeated.
cycle, and this
conference has been called as an
a
than
and each bidder must
specify in his bid the amount of
Secretary. In the event that prior
to the delivery of the bonds the
income received by private hold¬
When
success
seemed
almost ers from bonds of the same type
within their grasp, another great and character shall be taxable by
war occurred and the unfortunate
the terms of any Federal* income
similar
will be re¬
certified check
bid
payable to
for*$5,140,
kf
the deposit ac¬
case
his
companying
or
will be entertained.
a
In the event that
the purchaser.
V\ of 1%.
riod, in turn, has been followed
by a much longer one in which
our
municipalities have starved
essential services as they strug¬
gled to regain financial strength.
avoid
approving
following
rates, in multiples
$90,000 were authorized by the
Each bid may name
City Council on Nov. 7: $43,000
one
rate for part of the bonds,
water
and
light plant; $ 17,000
(having the earliest maturities)
sanitary sewer, and $30,000 street
and another rate for the balance,
improvement bonds.
interest rate
to
our
The
Secretary.
opinion of Masslich & Mitchell, of
New York City, will be furnished
authorized at >an election in
the District, 153 for and 0 against.
Bidders are requested to name the
be awarded to the bidder
7
be de¬
be
Shelby), N. C.
Offering—W.
Bond
cal
of
the
purchase
to
upon
is described as a
Each
|
termined by deducting the total
amount of the premium bid from
two rates,
lows:
than
and each
more
name
two rates for each issue,
bonds' at the lowest interest cost
ately ahead and as to the means
of financing such functions.
In
announcing the conference, which
"preview of Lo¬
Government,
1945 -1955,"
Comptroller Moore writes as fol¬
..
The bonds will be awarded to the
»
Beaverdam
•
$1,000.
der
at
and
offering to purchase the bonds
lowest interest cost to the*
the
County,
such
cost
to
be
deter*
:
>
-
1, 1945.Denomina-
unlimited
but
Township Special
District.
-
Reems Creek
School Tax
Watershed District.
,
as
Secretary of the Sinking
Commissioners,
has an¬
num,
•
1960.
Buncombe County (P. O, Asheville), N. C.
Tenders
Wanted—Curtis
ByFund
Sidewalk
and
$4,000 in 1947 to 1949, $9,000
in 1950 to 1959, and $10,000 in
CAROLINA
prior to the delivery of the bonds
the income received by private
companying his bid will be re¬
$277,000 general improvement and
turned. The bonds will be deliv¬
equipment bonds was purchased
NEW YORK
ered at the office of Vandewater,
recently by the First National
Sykes & Heckler, of New York,
Bank, of Boston,,at par. .Dated
Darien (P. O. Darien Center),
about Dec. 14, 1945. The approv¬
Aug.1, 1945., Denomination $1,000.
N. Y.
ing^ opinion 4 of
Vandewater,
These bonds are due on Aug. 1,
Bond
Offering—^Wallace
Wil- Sykes & Heckler, will be fur¬
as
follows:
$28,000 in 1946 to
1952, and $27,000 in 1953 to 1955. lard, Town Supervisor,; will re¬ nished to the purchaser without
p.m.
cost.
Enclose
a
certified check
Principal and interest payable at ceive sealed bids until 2
the First National Bank, Boston. (EST), on Nov. 26, for the pur¬ for $280, payable to the Village.
chase
of
$9,500
issue
of 1945,
Legality approved by Ropes, Gray,
New York (State of)
coupon
or
registered
Best, Coolidge & Rugg, of Boston. building
bonds,to bear not exceeding 5%
Conference On Local Govern¬
interest.
Dated Dec. 1, 1945. De¬ ments' Future—State Comptroller
NEW JERSEY
nomination $500. Due Dec. 1, as Frank C. Moore announces that a
Fort Lee, N. J.
follows:. $1,500 in 1946 to 1951, conference devoted to the subject*
Interest to be Paid—J. M. Hew¬
and $500 in 1952. Rate of interest of the future
of local govern¬
rants
fol-
as
Due Nov. 1, as follows:
bonds.
.
NORTH
described
are
Street
$112,000
.
f
v
District.
type and character shall be tax¬
able by the terms of any Federal
income. tax
law, the successful
nance
Manchester, N. H.
to holders of record
blank.
Laws
holders
Oakland, N. J.
1, 1945,
Registered, bonds must
be accompanied by duly executed
assignments or transfer powers in
low&;
or
issued
pursuant to the Constitution and
statutes
of the State, including,
and
sold, it is reported.
issue
bonds
reational
pool bonds authorized at the elec¬
tion held on Nov. 6, have been
Purchased—An
of ad
or
Passed—The City
Commission recently passed ordi¬
nances calling for an issue of rec¬
Superior, Neb.
$35,000 144%
Bonds
These bonds
attached.
tenders will be re¬
ceived until noon on Nov. 29, for
the purchase by respective sinking
funds, in the name of and on be¬
subject to the levy
half of the issuing units of the fol¬
valorem taxes to pay said
lowing refunding bonds, all dated
and interest thereon, with¬
July 1, 1936:
170.00 of
Ordinances
Sold—The
semi-annual park and
:
New Brunswick,
Oct. 23.
at the election held on
Bonds
payable
bonds,
bonds.
$25,000 airport
pool, and
rate borne
by the bonds from the date of the
bonds to the date of payment, of
of Minneapolis, as
l%s, at a price of 101.14-—v. 162,
p. 2197—mature on July 1, as fol¬
lows: $1,200 in 1946 to 1964, and
$2,200 in 1965. These bonds are
dated July 1, 1945.
&
Dain
bonds* not exceeding 6% interest.
City, with all unmatured coupons
.
<
Mont.
Benton,
Fort
Nov. 28 (or the purchase
on
interest, and of $14,000 land acquisition of 1945,
coupon or registered bonds, not
to accept therefor the least amount
exceeding 5%
interest.
Dated
of bonds, the bonds to be accepted
Oct. 1, 1945. Denomination $1,000.
being those first maturing, and if
Due Oct. 1, as follows: $2,000 in
two or more bidders offer to ac¬
1946, and $3,000 in 1947 to 1950.
cept the same least amount of
Rate of interest to be in a multi¬
bonds at the same lowest rate of
interest then said bonds will be ple of V\ or one-tenth of 1%, and
must be the same for all of- the
sold to the bidder or bidders of¬
bonds. Principal and interest pay¬
fering to pay therefor the highest
able at the Bank of The Manhat¬
additional price, which price shall
tan
Co., New York City. Valid
not exceed by more than $1,000
and legally binding general obli¬
the par value of the bonds hereby
gations of the Village, and all the
offered for sale. In addition to the
taxable
real;
property
within
price bid the purchaser must pay which will
be
the
of
(EST)
^
Bank, New York
National
Chase
N.„Y.
Offering — Edward
C.
Ullmann, Village Treasurer, will
receive sealed bids until 2 p.m.
Bond
.
$14,000 and accrued
tion $1,000. Due Dec. 1,1965. Un¬
der State law, the whole or any
part
of
the principal amount
less than
Floral Park,
proposals at
between
the same lowest
Monday, November 19, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2444
...
-
.Volume 162
Number 4439
THE COMMERCIAL & FINANCIAL
CHRONICLE
2445
,
mined
by
deducting
the
total
of the premium bid from
amount
Bexley School District, Ohio
Bonds
the
aggregate amount of interest
upon all of the bonds until their
that
prior to the delivery
$60,000
if Bonds
construction
Br ace well
income tax law, the success¬
ful bidder may, at his election, be
Bristol
ment
bonds
voters
DAKOTA
station
000
certified
check
for
2%
of
the
fire
bonds
Bond
November
Brooklyn
Bonds
Voted—The
of
of $20,-
bonds
bonds
the election
nual
held
6.
National
Bond
building bonds was favorably vot¬
ed at the general election.
the
to
July 1, 1947 to 1956.
on
7Jamestown
be
submitted
election
These
to
School
Dak.
No.
6, N.
Election—An
issue
of
construction bonds will
Bond
$270,000
i
to
to
bonds
the
held
be
will
Ohio
Bucyrus,
Independent
District
voters
at
in
mature
1961.
—
$175,000
hospital
issue
bonds
Butler
building,
mitted
6
to
voters
School
% Bond
Issue
$100,000
bonds
the
Approved
The
—
.
-
building and equipment
submitted
the
to
election held
on
at
voters
Nov. 6
were
approved.
Barberton
apparatus
$5,000
6
bonds
amounting
approved
was
at
7
Bonds
building construction and addition
Offering Planned—W; E.
Arnold, District Clerk-Treasurer,
has announced that the $1,000,000
3% building and equipment bonds
that carried at the Nov. 6 election
will be sold as soon as possible.
Dated April 1, 1945. These bonds
are due on
Sept. 1, 1956.
bonds
favorably voted at the
were
Nov. 6 election.
defeated at the gen¬
eral election held on Nov. 6.
interest
the
were
Bonds
City, Ohio
Approved—An issue
of
city
building bonds was
approved at the November elec¬
building
—
An
issue
,
Bedford School District, Ohio
Bonds
Bejected--~rhe
$45,000
memorial stadium bonds
were
held
tion held
on
the
at«
Nov. 6.
election
Nov. 6.
on
Bonds
Belleville,-Ohio
bus
Bonds Approved—At the Nov. 6
election
and water rmainrboiids,
.
was
ap«?
proved.
.
struction
bonds
$120,000
were
the election held
on
Nov. 6.
Bonds Defeated—Ah issue of
construction, equipment, and site
bonds amounting to $500,000 was
the
November
elec¬
tions
\
Berlin Heights, Ohio
Bonds Voted—An issue of $20,-
'
000
water
bonds
was
works
*-
improvement
favorably voted
election held
on
the
school
construction
at
the
Nov,- 6.
bonds
general
Ohio
•
$193,000
were
election
ratified
held
1
Education, has
ance
am-
planned to issue
bonds
that
amounting to
favorably
were
favor¬
bonds/
$5,000
on
-
at
on
by
Fox,
•'
•
was
1,
6f! the City, in in¬
100
interest.
and
Cincinnati.
Bond
Election
$125,000
submitted
the
'
on
Nov.
6.
-
\State
of )
Strengthen
market
20
on
—
J.
A.
Ohio
bonds
reoffering of $200,000 To-f
Ottawa
ton), Ohio
building bonds
favorably voted at
marketed in the
$270,000
near
sewage
future:
disposal
371,950
Nov. 6.
on
Paulding, Ohio
Bonds
Defeated
— The
$20,000
airportacquirement
municipal
defeated
were
Pitt
Nov.
Township (P. O. Harpster),
Ohio
•Bonds
truck
Voted—The
and
alarm
the
at
These
:
$5,500
fire
system
bonds
held on
election
bonds
be
to
are
the market next March.
on
Plain
(P. O.
Township Sch. Dist.
'
Canton),: Ohio
';
v.
Defeated—^n
Bonds
construction
habilitation
bonds
issue
^and
of
re¬
defeated
was
at the election held
sanitary
the
at
election.
$850,000
plant
bonds.
i
$200,000
defeated at
were
the election held
the November election and will be
the
,
Defeated—The
~-
The following bonds amounting to
were
due
County (P. O. Port Clin¬
Bonds
v
placed
and ' Defeated
Voted
bonds
tax
1947-1971, sold by the city yester¬
day as IV2S,. proved successful,
with bonds reported selling well
on a scale of prices ranging from
.70% yield on the 1947 maturity
to 1.50 % on the 1971 maturity.
Nov.. 6.
Bonds
a
unlimited
carried
Marion, Ohio
:7>V'.
Nov. 6 election.
Education.
today at
The
bonds
approved at the election held
was
was
at
cer¬
$1,500, payable to
1.50%, respectively, compared
ledo
Bonds Voted—An issue of $250,construction and site bonds
issue
bonds
and
000
$1,041,950
voters
a
with 1.16% and 1.51% a week ago.
6
Nov. 6.
Held—An
building
to
Bids
the
stands
:
Maple Heights City School Dis¬
trict, Ohio
Akron), Ohio
of
mul-*
a
0, Bids continued to strengthen in
the Ohio municipal market dur-r
ing the past week and our index
Nov. 6.
on
system
sewer
"
'
400,000 airport bonds.
bridge), Ohio
Bonds
hospital
Defeated—The
bonds
were
the election held
*.r
,,
Bonds Voted—The
.
struction
Sr..
.
The following bonds amounting
to $300,000 failed to carry:
ceeding
$150,000
$597,000
rejected at
Nov. 6.
on
Plymouth Village Sch. Dist., Ohio
bonds.
Guernsey County (P. O. Cam¬
at
swimming pool bonds.
150,000 city hall bonds.
>;
the
Hinckley Local Sch. Dist., Ohio
were favorably
Bond
Election
Held—An
issup
Medina Exempted
District, Ohio
building bonds amounting to
$112,270 was submitted to
the
0,
construction
A !-
0"0 •?;
Hubbard Eremoted
Bonds Voted—The $250,000 city
hall, police department, fire de¬
partment, incinerator plant and
service
department bonds
were
favorably voted at the general
defeated
election held
held
•;
x,\.t0"-:'
Bonds
-
Bonds
on
Defeated—An
the
Nov. 6.
—
bonds
Montpelier,
issue
bonds
general
of
was
election
^
2%
The
$330,000
carried
on
at
the
Nov. 6.
Bonds
bonds
were
held
Voted—The
amounting
apmoved at
on
Ohio 0
Nov.
to
the
following
$110,000,
election
6; $35,000 sanitary
was
on
to
$50,000 con¬
bear not ex¬
interest,
were
held
Rejected
park
—
voted
Nov.
6.
issue
of
on
Ravenna, Ohio
»
Bonds
$50,000
t
Village School
construction
at
Voted
general^election held
District, Ohio
$65,000
Village School
bonds,
election
.
of
Ohio
Nov. 6.
Nov.
at
voters at the Nov. 6 election.
on
&
Reusch
Principal and interest payable at
Second National Bank, Cin¬
cinnati. Legality to be approved
by
Peck,
Shaffer &
Williams,
equipment
on
of
in
Enclose
White & Co., Cincinnati, reported
on Nov. 14 as follows:
::/0-:0-sx I
the
Green Local Sch. Dist. (P. O.
fire
voted at the Nov. 6 election.
Cleveland,
v
101 and interest, and
favorably voted at the
general election held
the Board
of
issue
on Nov. 1,
1956, and on any interest date
thereafter to and including Nov.
1, 1960, at 102 and interest; from
May 1, 1961, to and including Nov.
7
and
interest
tified check for
Ohio
numerical order
verse
of
002$:$, .!■*'t*
of
rate
Ohio
I; 1965, at
;*.y\*/
library
in 1956, $5,000 in 1957 and
1958, $4,000 in 1959, and $5,000 in
1960.
Bidders may bid for a dif¬
tiple of 1/4 of 1%.
t
Dated
at the option
the Nov.
•
3%
Nov.
at
Co., of
1945.
Denominations $1,000
and $500.
Due Nov. 1, as follows:
$2,000 in
1948, $2,500 in 1949, $3,000 in 1950
to 1954, $3,500 in 1955 to 1966, and
$4,000 in 1967 to 1972. Optional
Held—An issue
'./■
Voted—The
tion
.
construction
000
Cumberland, Ohio
Bonds
apparatus
on
Bonds Voted—An issue of $70,-
will take place over a period
the fifth year.
Nov. 6.
Nov. 30 fof the
on
yield of 1.32%,
Bonds Offered for Investment— compared with 1.33% a week ago.
An issue
of
$85,500 \lk% first The indices of the yield on 10
mortgage water revenue bonds is high grade bonds and on 10 lower
being offered for public subscrip¬ grade bonds stand today at 1.15 %'
Tovmship Local Sch.
Dist. (P. O. Marion), Ohio
Issu*
beginning in 1946;
approximately $1,200,000; in the
first four years and $1,700,000 in
on
•
000
of
Grand Prairie
of five years,
East
Voted —The
of
ratified
Rejected—An
•
and 1949, $4,000 in
1950,
$5,000 in 1951 and 1952, $4,000 in
1953, $5,000 in 1954 and 1955, $4,-
Nov. 6.
mitted to the voters at the Nov. 6
bonds
at the
Nov. 6.
Bettsville School District,
■0 Bonds
Nov. 6.
voted at the Nov. 6 .election.
Bcrea City School District; Ohio
at
$10,000
defeated
follows:
':-'i0::00:U0£08atiMQh*9 0000{
$260,-
building and equipment bonds
amounting to $164,000 was sub¬
Drake) Clerk-Treasurer of
$6,500,000
defeated
were
on
Bonds
oh
-
1948
school bonds amounting to $3,750,000 was rejected at the election
of
Contemplated—
nounced tha t it is
,
Election
Bond
Ohio
Issuance
the Board
con¬
approved at
The
Columbus City School District,
W. V,
District, (Ohio
Bonds Voted—The
.
garage
Bond
Belleville School
—
bonds
at the election held
issue of $10,000 isewer
an
Defeated
as
in
$250,voted at
Nov. 6.
on
■-
.
1, 1945.
De-^
$1,000.
Due Nov. 1;
$4,000 in 1947, $5,000
nomination
Nov. 6.
were
'
$65,000
Dated
Bond
Gorham-Fayette Local Sch. Dist.
(P. O. Fayette), Ohio
*.
'
at
bonds.
Ohio
issue
of
sub¬
Lima School District,
$500,000
An
voters
election.
Clinton Township Local School
District (P. O. Tiffin), Ohio
—
noon
the- gen¬
thereafter
re¬
jected
bonds
1
were
held
Clerk, will receive sealed
purchase
was
on
bonds
election
;
,
bids until
issue
was
at
on
building bonds
the election held
sub¬
held
.
y
Ohio
$40,000 park
pool
the
at
6.
ferent
equipment bonds
$10,000 was sub¬
to
the
to
election.
6
of
building
and
repair
bonds
amounting to $1,000,000 was fa¬
vorably voted at the general elec¬
tion.
-
Voted
and
amounting
mitted
Cleveland Heights School District,
Ohio
;
Bonds
Election
-
Township School District
•V":» (P. O. MonrOe), ;Ohio
Bonds Voted—The $318,000 con¬
•
Bond
$132,000
Nov:
on
7 North Canton Sch. Dist., Ohio
y Bond
Offering—W. J.
Evans,
Lemon
,f
rejected
were
election
general
to
the voters
the election held
Nov.
Defeated—The
bonds
Held—An
election, held
000
Goodhope Local Sch. Dist. (P. O.
Rockbridge), Ohio
r
Beach
$25,000
eral
to
Cincinnati.
Nov. 6.
Clearcreek
Township Sch. Dist.
(P. O. Stoutsville), Ohio
Bonds
Defeated —The
$88,000
building bonds net exceeding 3%
Election
amounting
Ohio
hospital
Nov.
.
;
swimming
ratified
Lebanon School District, Ohio
the
was
carry.
and
•
Bonds Voted—The
and
building and equipment bond?
mitted
Geauga County (P. O. Chardon),
the
election.
*
Bond
-!
to
of
of
Camden Local Sch. Dist., Ohio
-X Bonds
Voted — The
$179,000
City School District,
Ohio
fire
Nov.
Bond
election:
.
time, the
same
6
Newcomerstown,
Bonds Voted—An issue of
was
District,
- <
;;
At the
Nov.
Sch. Dist., Ohio '
Defeated—The $210,000
bonds were defeated vat
6, 1945.-:
,
the
the general election held
District
Nov. 6.
issue
library
the
at
Lakewood, Ohio
election.
elec¬
,
,
at
000 construction bonds
voters
at
^ Bonds
Township Local Sch. Dist.
(P. O. West Alexandria), Ohio \
and
;
ably voted at the election held
Byesville, Ohio
Bonds Approved—An
the
Defeated—Clyde
Mar¬
of Council, reports
following bonds were de¬
Newark
site
was
Lanier
issue
Bonds Voted—An issue of
rejected.
\
0
,
Clerk
feated
amounting to
$1,500,000
favorably voted at the Nov.
held
Gallipolis
to
t
Newark, Ohio
$300,000 > lighting - system,
$500,000 hospital bonds.
issue
equipment and
amounting to $190,180
ing to $25p,000 failed to
ex¬
election.
Nov.
shall,
that the
Veterans Memorial bonds amount¬
vb^ed
site
$150,000
the
to
Held—An
Bonds
-
are
building
was
submitted
was
Franklin, Ohio
,
amounting
Bonds
Defeated—The
$30,000
county jail bonds submitted to the
Attica School District, Ohio
^..j
of
Bond Election Held—An issue
of street, gutter and sewer bonds
County (P. O. Hamilton),
were
not
were
Held—An
bonds
t
(P. O.
Georgetown), Ohio
Election
struction
of
Ohio
6
bear
the voters at the general
tion held on Nov. 6.
de¬
was
on
North
Bond
6
to
Nov. 6.
on
•
i
An
voters at the election held
OHIO
$49,000
equipment
feated at the general election held
20.
1947
Defeated
of
jority of votes.
ma¬
bonds
7 UfCnox Local Sch. Dist.
bonds
on
County), Ohio
Election
^
an
Nov.
on
Bonds
held
building construction
favorably voted at
(P. O. Carroll
the
were
due. in 1971 and will be placed on
the market early in 1946.1
Fax Township Local Sch. Dist.
Ohio
Napoleon, Ohio
"Bonds Voted—The $250,000 hos¬
pital bonds carried at the election
held on Nov, 6 by a
large ma¬
Bonds Voted and Defeated—An
issue
of
hospital
construction
the election held on Now, 6.
voted fat
Bank of Wahpeton. Denomination
$500.
These bonds are due $500
awarded
were
These
con¬
3%
to
election,
by a large
pool
6.
(P. O.
Nov.
favorably-voted
jority of votes.
—
bonds
the
at
V
Fo&toria School District, Ohio
Bonds Voted
The $130,000
Bonds Voted—An issue of $40,000
fire
department and office
were
voters
at, the election held on Nov. 6.
stadium and
Dist.
$35,000 swimming
struction bonds.
Grove City), Ohio<
r
issue
building
general election
6. W,:■
' 7
,,j
interest,
Local Sch.
submitted
Bonds Voted—The $200,000
city
$325,750
equipment
Nov.
on
Brookville,
Held—An
bonds,, to
Nov,
on
Bonds Voted—The $250,000
v
and
park
election held, on Nov. 6.
Ohio
submitted to the voters
was
sewer;
$25,000 fire station con¬
struction; $10,000 street improve¬
ment; $5,000 garage construction,
issue
lake
building bonds submitted
bonds
Fostaria, Ohio
\
favorably
were
on
the
Nov.
Voted—The
site
at
held
,f'.
municipal
building
and
ratified
Flection
$27,000
nt
at
Brooklyn Village Local School Dist.
(P. O. Cleveland), Ohio
Township (P. O. Wahpeton),
I Bond Sale—The $5,000 semi-an¬
township bonds offered, for
sale on Nov. 12—v. 162, p. 2317—
Bond
$25,000 fire
1
1,
were
Flushing,
equipment
>.
Jan.
due in 30
are
election,
ceeding 2%
•.
Dated
Nov.
and
equipment
bonds
favorably voted at the Nov.
Bonds
Dak.
bonds
station
election.
19.
general
were
6
the
at
0>. f0M
building
the
November 6.
on
Nov.
years.
of
•
carried
palls Township Rural Schotd Dis¬
trict (P. Q. Zanesville), Ohio
"Bonds
Voted—The
$125,000
equip¬
voted
that
V
-
memorial
election held
Jackson
Planned—Pearl
These bonds
election.
issue
and
bonds
after
1946.
(P. O. Cleveland), Ohio
construction
N.
ly
Ohio
favorably
the election held
amount bid.
Ibsen
Heights,
station
was
-
and;
Ohio
Offering
Held—An
submitted to the voters
was
the
w
!
1
Nov. 6 election will be sold short¬
approved by the
was
the
at
Bonds Voted—An
7
a
works
(p.
fire
■'
* v-
Election
$75,000
bonds
at
*''*,
*•
of
was
that
ville), Ohio
Approved—An ' issue
Bonds
»r*
'
•
Bond
election
Cantle, City Clerk, has announced
the
$1,175,000
2%
water
Nov. 6.
on
Township (P. O. Bristol-
$11,000
f']..
Barney Township, N. Dak.
Offering—William Simdorn, Township Clerk, will re¬
ceive sealed bids at the County
Auditor's office, Wahpeton, until
5 p.m. on Nov. 26, for the pur¬
chase of $12,000 township bonds,
to, bear not exceeding 4% inter¬
est.
These bonds are due $1,000
on July 1, in 1947 to 1958.
Enclose
•
at' the
Elyria,
Bond
defeated
were
held
Broadview
£
\.h
County (P. O. Norwalk),
Ohio
$115,-
improvement bonds
voted
Nov. 6.
on
£/>'.■
| $50,000
i-f.f:
State
NORTH
■»-,
000 construction bonds carried at
the Nov. 6 election.
check
payable to the
• '•
^00-^'".7.
for $1,340,
Treasurer,
Rural-School
O. Phalanx Sta¬
tion ), Ohio
Bonds Voted—An issue of $110,-
obligations under
the contract to purchase the bonds
and in such case the deposit ac¬
companying his bid will be re¬
turned. The approving opinion of
Storey, • Thorndike,
Palmer
&
Dodge, of Boston, will be fur¬
certified
held
Township I Rural School
District
his
a
bonds
at the election
eral
Enclose
000 street
favorably
Defeated—The
Cincinnati),
Huron
Ohio
V.";
Bonds Voted—An issue of
District (P. O. Bid well), Ohio
of the
type and character shall be
taxable by the terms of any Fed¬
nished.
were
Bid well-Springfield
same
of
library im¬
amounting to
favorably voted at
bonds
the November election.
bonds the income received by pri¬
vate holders from bonds of the
relieved
Voted—The
provement
respective maturities. No bid of
less than par and accrued interest
will be entertained. In the event
Elmwood Place (P. O.
,
An
development
bonds
defeated at the election held
Nov.
6.
Richland
County
(P.
O.
Mans-
field), Ohio
Bonds Voted—An issue
of hos¬
pital bonds amounting to $300,000
was favorably
voted at the elec¬
tion held on Nov. 6.
////■I
>.
2446
Bonds Voted—The $75,000 gar-
at
bage incinerator bonds carried
'
'Ifov/B^etecttoivC/^
the
-
$060,000
equipment
approved at the
Voted—The
Bonds.
and
construction
bonds
were
.general election held on Nov. 0.
price
Dec.
$150,000
voted at the
isewe'r bonds
election held?
were
Nor. 6.
on
Voted
Bonds
tion
The
District
the voters ap¬
proved by a wide margin at the
general election the issuance of
$800,000 construction and equip¬
$425J)0O
aproved at the
bonds were
sewer
election held
Nov. 6.
on
Shaker Heighte Sch, Diet*,
%
Bonds
t
Voted
—
$150,000
were
favor¬
The
bonds
construction
Ohio
ably? voted at the election held
an Nov. 6.
These bonds will be
offered
for
1946* it is reported.
Solon, Ohio
shaw,. Village Clerk, will receive
sealed bids until noon (EST) on
Nov.
19
for
the
purchase of
$300,000 2% refunding of 1945
bonds. Dated Dec. 1, 1945.
De¬
nomination
$1,000.
Due $9,000
Jan.
1947,
1,.
and
maturity are called the bonds of
such maturity to be called shall
be determined by lot under su¬
The call
pervision of the Clerk.
limited, how¬
that there shall always re¬
main
in
the Bond Retirement
Fund suficient money to meet the
next ensuing
semi-annual pay¬
ments of principal and interest on
all bonds of said issue remaining
ever,
Biddersynay bid for
of interest in a
outstanding.
rate
different
a
No bid for
multiple of Ya of 1%.
less than par and accrued inter¬
est. The indebtedness refunded by
a
status
tax
check for
15-mill
the
within
Enclose
certified
a
$3,000.
that
voters
the
at
rejected
the
general election the proposal to
issue $916,000 construction bonds.
Springfield, Ohio
# Bonds Voted—Defeated—An is¬
sue
of
$386,000
elimination
voted
The
at
grade
bonds
City,
from
1948
1965.
to
Offering—Dorothy
Mc¬
City Clerk, will receive
Dowell,
until
bids
sealed
flection.
following bonds amounting to
were
defeated at the
$3,424,000
November election:
$1,750,000 sewer bonds
970,000 park and playground
-
r.
20,
certified
Local Sch. Diet. (P. O.
of
$120,000
gymnasium
and
equipment bonds was submitted
to the voters at the general elec¬
Nov. 6.
Bonds Voted—An issue of con¬
■
bonds
struction
the voters at the election held on
years.
Osage County Sch. Dist, No. 38 <
School Diet,
of
$650,000 construction bonds, not
exceeding 3% interest, was fa¬
vorably voted at the election held
on Nov. 6. * Dated March 1, 1946.
These bonds are to mature serial¬
■
•
A
,
,
Warren, Ohio
Voted
Bonds
$222,000
of
issue
An
—
incinerator and equip¬
was approved
at the
on
Nov.
6.
Township Local Sch.
(P. O, Centerville), Ohio
Bond Election
$200,000
bonds
issue
addition
submitted
was
voters at the
on
Held—An
building
the
to
general election held
Nov. 6.
Washington Township Local Sch.
Diet (P. O. Alliance), Ohio
Election
Bond
$200,000
Held
.
to
election held
the
on
The
—
bonds
building
submitted
voters
were
at the
Election
$52,000
and
building
bonds
ment
Held—An
held
was
Oct.
on
Oct.
on
Bonds Voted—An issue of
construction
bonds
$120,-
was
ap¬
proved at the Nov. 6 election.
Thompson
Dist.
election to be held
Sale-^The
water
purchased
Bond
Election
—
An
$125,000 building and
will
bonds
be
issue
$
of
equipment
submitted
to
the
voters at the general election.
Toledo, Ohio
Bond
bonds
Sale
The
following
amounting to $400,000 and
—
offered
for
162,
2171-^were
p.
Stranahan,
sale
on
Harris
Nov.
13—v.
awarded
&
Co.,
to
Inc.,
Denominations
Bonds Voted—An issue of $20,000 fire apparatus and building
bonds
These
by
2198
undis¬
an
Dated Nov. 1, 1945.
closed bidder.
Ohio
3%
$10,000
bonds offered
and
$500
are
due
$100.
Nov.
on
1,
1965.
bonds
was favorably voted at the
general election held on Nov. 6.
No. £ (P~
Bond
Union,
Sale—The
Ohio
<
$7,500
water
works extension bonds offered for
sale
on
Nov. 13—v.
162, p. 2198—
were awarded to Fox, Reusch &
Co., of Cincinnati, as l3As, at a
price of 100.866, a basis of about
1.568%. Denomination $750. These
bonds are due $750 from June 1,1946
to
bidder
1955.
was
the
The
next
Winchester
Co., Winchester, for 2s, at
of par.
highest
a
Bank
price
County Sch. Dist.
Multnomah
O. Parkrose), Ore. 1
Bond Sale—The $269,000
annual
sale on
school
Oct.
bonds
semi¬
offered
for
11—v. 162, p. 1686—
United
States National Bank, of Portland.
Dated Nov. 1,
1945.
Denomina¬
tion
$1,000.
These
bonds
are
due on; Novc 1, from 1949 to 1958.
were"
awarded
•
to
the
-
1, 1950, and any interest /
date thereafter at par [
accrued interest plus a pre-""-
Dec.
and
bond of $2 per year oru'*
intervening beredemption date and *^
stated maturity date of the '
the
bond.
Rate
be in
suits
v.
Zelienople, Pa.
Approved—An
issue
of
DAKOTA
Bonds
Sold—The
following,
rates of interest to
or
1%. The
multiples of Va of
awarded
be
will
the
to
.
cost
interest
lowest
the
in
to the Town without consideration
of
premiums except in the case
bids
otherwise
resulting i'n>,
of
..
Issued for
the purpose
of refunding the un¬
paid balance -of the bonds originaliy issued for the acquisition of
electric
Town's
the
for
the
of making
purpose
•
addi-^
said
extensions to
and
! {
and,,
system
sys-J.
These
bonds, together wth,'.rj
such additional bonds as may be;",,
in the future,
issued
of
the
a parity
provisions-
on
the
under
therewith,
,
resolution/are pay^,t(
bond
the revenues de-f
rived from the operation of the
Town's electric system, .after the
able solely from
;y
r
j
prior payment. therefrom of the
reasonably necessary cost of op- ,;
erating, maintaining and repair- ing the system. The Town will y
supply the approving opinion of ~
Chapman & Cutler, of Chicago. /
No bids will be accepted for less
than
par
Dec.
1,
check
and accrued interest toy.
1945. Enclose a certified;*
$5,000, payable to the ^
for
Additional Offering—Mr. Foster
also
Ipswich, S. D.
Bonds Voted—An issue of sew¬
f treatment
plant
bonds
amounting to $12,000 was favor¬
ably voted at the election held on
age
Oct.
30.
Bond Election—An issue of
$12,-
bonds will be sub¬
mitted to the voters; at the elec¬
tion to be held on Nov. 20.
000 4% airport,
Milbsmk Indep. Sch. Diet., S. D.
Offering—W.
that
announces
bids
sealed
ceive
he
will
the
at
r
re-M
same *"
the purchase of $175,
municipal utilities revenues
bonds.
Dated June 1, 1945.
De- /
time" for
000
$1,000. Due $6,000 in/'
nomination
1946, $7,000 in 1947 to 1949, $8,000
in 1950 and 1951, $9,000 in 1952 to
Milbank, S. D.
•
T.
Raebel,
District Clerk, will receive sealed
bids until 8 p.m. on Nov. 27 for
the purchase of $200,000 building
bonds, not exceeding 4% interest.
Dated Oct. 1, 1945.
Denomina¬
1954, $10,000 in 1955 to 1959, and /
$11,000 in 1960 to 1964.
Bonds /
numbered 25 to 150 are callable for
option 'of
the
at
payment
Town in inverse
the 7
numerical order
1, 1950, and on any interpayment date thereafter, at
par, plus accrued interest and a
premium of $3.00 per bond for
on
Dec.
.
est
fraction thereof in¬
each year or
tion
tervening between the redemption' ;
date and the stated maturity date
lows:
of. the
000 in 1956 to 1964, and
quested to name a rate or rates
$1,000. Due Oct. 1, as fal¬
$6,000 in 1947 to 1955, $7,$83,000 in
1965.
The bonds maturing after
Oct.
be subject to re¬
1, 1961, to
demption and prepayment at par,
at the option of the District, in
order
inverse
on
Oct.
terest
1,
of maturity dates,
1961, and on any in¬
payment
date
thereafter.
Rate of interest to be in
of
Ya
cr
multiples
one-tenth of 1%.
Prin-
of
bond.
the
designated by the successful
bidder.
The
the printed
District will furnish
and executed bonds
re-^O
multiples of Ya of
be awarded
whose bid results
into
interest
lowest
Premiums
Town.
consideration
interest cost only
cost' to
will
iii
be
thfa
.
taken
computing /•
if necessary
,
}
determine which of two identical /
bids
result
revenues
pany
are
The bonds will
cost.
bank or trust com¬
.Bidders
interest" in-
1%.
to the bidder
cipaL and interest will be payable
,
general obligation bonds amount¬
ing to $7,900 were awarded re¬
v
thereof
the
at any suitable
'//■. Ontario, Ore.
Due Dec; 1, as^1946 to 1951/ ;
Town Treasurer. *
■
Nov. 8—v. 162, p.
on
West
—
SOUTH
f'
"
Bay City, Ore.
Bond
on
Nov. 27:
■/;
—were
West Carrollton,
12
an
■
semi-annual
sale
for
election.
6
;
payment
tem.
$50,000 war veterans memorial
park bonds was voted at the Nov.
following
bn
tions
1955.
$90,000
sewer
disposal
plant
11 bonds
- *>
•
214,500 water extension and im¬
provement bonds
17,000 library extension- and im¬
provement bonds
11,000 street equipment bonds
39,000 storm sewer bonds
22,000 fire station and equipment bonds
offered
bonds
de¬
voters at
on
the Nov. 6 elec¬
of Pittsburgh, as IV4S, at a
price of 100.283, a basis of about
1.196.
Dated Nov. 1, 1945.
De¬
nomination $1,000.
These bonds
are due on Nov.
1, from 1946 to
$418,000 will
to the
a
.
Co.,
$55,000
were
Election —The
submitted
by
162, p. 2318—were
awarded to Phillips, Schmertz &
Woodward, Okla.'
for sale
6.
Township Local Sch.
(P. O. Flat Rock), Ohio
23,
bonds amounting to
approved
Township School District
Stowe
30.
1945
Dated July 1, 1945/ De¬
$15,000 in
identical interest cost.
was
Bond
to
approved at the Nov.
were
margin at
Nov.
of
responsible bidder whose bid re-
tion, according to report.
ing
$250,000
and $20,000 in 1952 to 1959.
bonds
Bonds
the voters at the election held on
Springfield Township Sch. Diet.
(P. O. Ontario), Ohio
wide
of
issue
OREGON
equip¬
submitted
at
1945.
projects
feated.
issue
;
ratified
Pennsylvania (State of)
Voted—The $50,000,000
bond
issue for
postwar public
24,500 park improvement bonds
Nov. 6.
were
election.
6
light and power plant bonds sub¬
mitted to the voters at the elec¬
be
bonds
Leechburg, Pa.
Bonds Voted—The $35,000 me¬
morial athletic field construction
Ryan, Okla.
Wayne Local Sch, Diet. (P. O.
Champaign County), Ohio
Bond
Fallsington), Pa.
general election held on Nov.
bonds
of
series
nomination $1,000.
tween
Bonds Voted—The $50,000 con¬
the
purchase
revenue,
fraction
(P. O. McKees Rocks), Pa.
Sale —The $75,000 fund¬
Defeated —The
Bend
Washington
of
held
Bonds
bonds
ment
on
Bond
An
—
^
receive
mium per
struction
$60,000 swimming pool construc¬
tion bonds was rejected, at the
tion
held
election
the
at
of
bonds
Falls Township Sch. Dist. (P. O.
.
Defeated
election
issue
6.
Nov.
Perry, Okla.
Bonds
Foster,
will
Bonds
maturing in 1951 to 1959 are op4
iional in inverse numerical order
pool
swimming
carried
bus
2.
Nov.
issue
An
Voted—An
Bonds
$100,000
of $10,purchase bonds
approved at the election held
school
was
—
El wood City, Pa.
Bonds Voted—An issue
on
ly to 1969.
>
bonds/ to bear not exceeding 3 %
6.
Nov.
(P. O. Hominy), Okla.
000
the
for
electric*
Diet.
Bonds
(P. O. Dayton)* Ohio
issue
due in
These bonds are
8.
Nov.
and
equipment bonds
amounting to $496,000 was favor¬
ably voted at the election held on
issue
Sch.
interest.
6,
3% semi-annual con¬
was submitted to
of $125,000
25
Ohio
Held—An
Election
Bond
Ileld—An issue
Voted—An
of bid.
Guymon Sch. Diet., Okla.
Richland County), Ohio
Bonds
Enclose a
of $200,000.
check for 2%
issue
Recorder,
follows:
offering the lowest
ofs interest and agreeing to
ized
Union
Voted
.
tion held on Nov. 6.
Van Buren Township
be made to
Town
of
on
p.m.
was
Bond
$500,000 construction bonds was
approved at the election held on
bidder
Nov.
000
7:30
pay
par
and
accrued interest.
These bonds are part of an author¬
fa¬
Nov.
com-
TENNESSEE';'7
Clinton, Tenn. •>
Offering —V. O.
.
(P. O. Pittsburgh), Pa.
-
Award will
1965.
rate
vorably voted at the general elec¬
of
'
•
495,000 highway bonds
209,000 hospital bonds
Nov.
the
Bonds Voted—An issue of $50,-
struction
cost
23,
Bonds
Guthrie, Ohla.
in
District,
interest
6, 1945.
Small-Milburn Co.
Toronto, Ohio
School
lowest
sealed bids until 3:30 p.m. on Nov.
Avonworth
for the
purchase of
$164,000 airport bonds. Due $9,000 in 1948 to 1964, and $11,000
on
made
puted to the stated maturity dates
at the coupon rate or rates speci¬
fied, and, in event of a tie on said
basis, then according to the high-
of
bonds
construction
$25,000
*
improvement bonds ag¬
gregating
$2,150,000,. failed to
Urbana
be
can
voted at the election held on Nov.
bidder was the
The next highest
purpose
tion held
the
to
(P. O.
Diet.
Pittsburgh)* Pa.
Voted—An
issue
,
Bonds
jontly:
125,000 electric light bonds. Due
partici¬
Sch.
Aspinwall
Inc., of
sewer extension bonds.
Due from 1948 to 1965.
Bond
Election
bonds
.Treasurer.
PENNSYLVANIA
National
First
R. J. Edwards,
$212,000
Rudy Klein, City Auditor, that at
Nov. 6 election the various
crossing
favorably
was
the November
bonds
the
to
Oklahoma
the
Diet
states
Education
of
awarded
Bank and
Bonds Defeated—It is stated by
Clerk of
Bonds Defeated—The
Board
100*27
000 memorial park bonds was
said
as
ready, and in any event within 30
days after acceptance of bid. Bids
will be preferred first according
1945. Denomina¬
*
$500, one for $400. Princi¬
pal and interest payable at the The board reserves the right t® n f
City Treasurer's office. The next reject any and all bids.
Enclose
highest
bidder
was
the
City .a certified check for $4,000, payT
Treasurer, for 3s.
able to L. C. Hendrick, District ?
$337,000, offered for sale on
Nov/ 12—v. 162, p. 2318—were
of Toledo.
Bond
1947 to 1951.
Dated Nov. 1,
to
pating in the purchase of the is¬
sue were Braun, Bosworth & Co*,
and Ryan, Sutherland & Co., both
(P. O. South Euclid), Ohio
the
semi-annual boncfs amounting
pon
Other Purchasers—Also
election held
Euclid-Lyndhurst Sch. Diet.,
South
/.
•
Sale—The following cou¬
Bond
$200,000 grade elinhination bonds, as IV2S ..100.52
of 1945 has
said Refunding bonds
limitation.
Price Bid
Trust Co., Cincinnati, and
Associates,
bonds of one
of bonds shall be so
OKLAHOMA
Duncan, Ohla.
bonds, as 2-
Union
1951.
soon
tion
Provident Savings Bank &
in inverse order of maturity, and
if less than all the
general election the proposal
$2,775,000
construction
bonds. < ;
V .
legal opinion 1 •/
Dorsey, Colman, Barker, Scott
Barber, : of Minneapolis, both ;
without cost to the purchaser, and 0
delivery thereof will be made as f
&
.
2,900- Lateral sewer district No.
IT. Due Nov. 1, as follows:
$400 in 1946, and $500 in
;
at
turned down
and equipment
Associates,
For $200,000 airport
July
1,
1948 to 1950, and $9,000 Jan. and
$10,000 July 1, 1952 to Jan. 1,
3963. Subject to call for redemp¬
tion prior to maturity at any in¬
terest date on or after Jan. 1,1951,
July
states
Education
voters
were:
Robi-
F.
Offering—W.
Bond
.
carry.
April of
about
sale
of
.-v/yv':
-y
the approving
and
of
2%s;//>■
3,000 Lateral sewer district No.
-10. Due $500* Nov, L 1946 to
issue
to
For
Ohio
Voted—The
Bond S
the
the
j Fox, Reusch & Co., and
ment bonds.
Shaker Heights,
of
$8,000
Due
1, 1947 to 1971.
1.455%.
Bidder
—
Clerk states-that
basis
a
that
i
1945. Denomina¬
$1,000. The next highest bid¬
ders
Sch. Diet, (P. O.San*
' dueky), Ohiot"
at
Board
'
of
Clerk
Defeated—The
the
Dated Dec. 1,
Sandusky
•.
100.57,
of
about
Voted —The
lVzs,
as
1949.
Sch.. Diet, (f. Ow
Zanese/ille), Ohio
grade elimina¬
.,
$2,000 Lateral Sewer district No.
15. Due $500 Nov. 1, 1946 to
Nov. 6.
on
Monday, November 19, 1945
of Portland, as
Zaneevitle City
Bonds
bonds,
tion
'."iV';' // Sf* Mary*, Ohio //■//'.,/
Bonds
held
price of
1948 to 1957.
200,000 Bancroft
$90,000
The
—
improvement bonds , were
rejected at the general election
a.basis of about
2.473%. Due $20,000 Dec. 1
//::;:'vCy: ':'/
/.■'/; /:< • •////■/'/v!//4: //-N'-'
■
cently to: Ilaugherty, Cole 8c Co
street
100.18,
*
Defeated
Bonds
"
FINANCIAL CHRONICLE
Wilmington, Ohio
$200,000
municipal airport im
provement,
first
mortgage,
Ohio
k
rV!;C " //^Vy —'■'/■•«■
/
/*~ «./'•
:v':;;'
Toledo, jointly:
of
bonds, as 2y2s, at a
Rocky River City School Diet.,
r
•
Sutherland & Co., both
and Ryan,
Rocky River, Ohio
'
"■•■■/';."/■■
i
THE COMMERCIAL &
in the lowest interest/
Payable
systems.
The
revenues
to
nrr?irintp
solely
from
the '
of the electric and water
tn
pledge
these
thp
of
watear
bonds is,sub-
nflVTTlPnt of
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4439
000 Water Works and Sawer Sys¬
tem
Revenue
bonds'
out¬
now
standing; These bonds enjoy a
pledge of the net revenues of the
electric system on a parity with
$250,000 Electric Revenue, Series
which,
1945y
1956
to
1959,
$14,000 in I960 to
1962, $15,000 in 1963 to 1965, $16,000
in
1966
to
1968, $17,000 in
1969 and 1970, $18,000 in 1971 and
1972, $19,000 in 1973 and 1974, and
$24,000 in 1975. (Average matur¬
ity : 18% years.) Bonds maturing
in 1951 to 1970 are optional in in¬
being concurreiitly issued and with other
numerical
order
after
30
bonds which may be issued in verse
published notice prior to
tho future under specified
re¬ days'
interest paying dates, as follows:
strictions. Payable at the office of
At 102 and accrued interest if re¬
the Town Recorder or at a bank
in New York City to be named by deemed on Sept. 15, 1950, or Mar.
the
purchaser.
The approving 15, 1951; at 101.50 and accrued in¬
terest if redeemed on Sept. 15,1951,
opinion of Chapman & Cutler, 01
or Mar. 15,
1952; at 101.00 and ac¬
Chicago, will be furnished.
De¬
crued interest if redeemed on Sept.
livery on or about Dec. 1, 1945.
15, 1952, or Mar. 15, 1953; at 101.50
Enclose
a
certified
checkr for
are
payable
$3,000,
Town
the
to
for
bid
No
Treasurer.
than
less
will be
and accrued interest
accepted.
par
'
|
*•/.
;•
'Bond
Harriman, Tenn.
Offering —W.
Giles,
M.
and
accrued
interest
redeemed
if
Sept. 15, 1953, or Mar, 15,
1954, and at par and accrued in¬
terest
if redeemed on Sept.
15,
1954, or any interest paying date
thereafter.
Bonds
maturing in
1971 to 1975 are optional in in¬
on
receive sealed verse numerical order afteiK 30
Dec. 10, for days' published notice, on and
the purchase of $150,000 2%% after Sept. 15, 1948, at par and
semi-annual
school
b u i 1 ding accrued Interest.
Principal arid
payable
at
the
Chase
bonds.
Dated Dec. 1, 1945. De¬ interest
nomination
$1,000.
Due $6,000 National Bank, of New York,
from Dec. 1, 1946 to 1970.
Pay¬ These bonds, issued in- accord¬
able from ad valorem taxes with¬ ance with and under the author¬
out limitation as to rate. Award ity of Articles llil-1118, both in¬
will be made to the bidder offer¬ clusive, of the Revised Civil Stat¬
ing to pay par and accrued in¬ utes of Texas, 1925, as amended,
terest plus the highest premium. constitute an exclusive first lien
The approving, opinion of Chap¬ upon and pledge of the net rev¬
enues of the water works
man & Cutler, of Chicago, will be
system
furnished the purchaser without and are payable solely from such
revenues.
cost. Enclose a certified check for
Legality approved by
$3,000, payable to the City Treas- Chapman & Cutler, of Chicago,
until
bids
:
will
Clerk;
City
1
p.m.
and
"
•
Trenton,
Tenn*
TEXAS
Indep. Sch. Dist.
Andrews), Tex.
j Bond
Bond
Dumas, of Dallas.
D.
Election
election held
on
passed on
$350,000 water,
bonds.
Nov.
17
the vot¬
Issuance
and
sewer
of
street
Id Feria 1ndep. Sch. Oist,, Tex.
Bond Offering—J. E. Robinson,
President of the Board of Trutees,
will receive sealed bids until 8
chase
of
$150,000
schoplhouse
bonds, to bear not exceeding 3%
ceeding 3% interest. Dated Jan.
1,
1946.
Denomination
$1,000.
interest. Dated Jan. 15, 1946. De¬
nomination $1,000. Due Jan. 15,
These bonds
follows:
follows: $12,000 in 1947 to 1951,
and $18,000 in 1952 to 1956. These
and $3,000 in 1955 to 1962. These
ponds were authorized at an elec¬
elec¬
tion held on Sept. 29, 1945, by a
vote of 20 to 8. Principal and in¬
terest payable at the place pre¬
ferred by the. purchaser.
It is
the intention Of the Board of
tion held
as
bonds were authorized at an
are
$2,000
Trustees
to
the
sell
quired to
the
rate
or
est par and accrued interest. Any
rate or rates-named must be mul¬
tiples of % of 1%. Alternate pro¬
posals will be considered on bonds
with 3- and 5-year option.
The
District will furnish: the printed
bonds, a copy of the proceedings,
the approving opinion of J. P.
Gibson, of Austin, or of Chapipan
& Cutler, of Chicago, and
will deliver the bonds to the bank
bond
at
lowest interest cost that will
accrued interest.
rates with their bid which is near¬
1954,
It is the intention of the Board of
price of approximately, but not
less, than par and accrued inter¬
required to name
combination of two
to
3, 1945. Prin¬
cipal and interest payable at the
place preferred by the purchaser.
lowest interest cost that will bring
are
Jan. 1, as
on
1947
Nov.
on
a
a
due
in
Trustees to sell the bonds at the
Bidders
price of not less than
bination
bring
and
par
Bidders are
the rate
name
of
the
or
re¬
com¬
two
rates, expressed
multiples of % of 1%. Alter¬
nate proposals will be Considered
on bonds with a 5-year optional
clause.
.
Cpiitntyi XP» O.
tonio), Tex.
JVarrant
certified
a
able
check for
the
to
$2,500, pay¬
District.
Motley County (P. O. Matador),
Texas
•••
printed bonds, a copy of the
proceedings, the approving opin¬
ion of Gibson & Gibson, of Aus¬
tin, or of Chapman & Cutler, of
Chicago, and will deliver the
bonds to the bank designated by
the purchaser; without cost to him.
It is anticipated that delivery can
be effected Jan.
15, 1946. Enclose
a
certified check for $800, pay¬
able to the District.
•: :v.:
An-
San
7 p.m.
Dec. 4 for the purchase
of $125,000 schoolhouse bonds, not
on
Approved-^- exceeding 3% interest. Dated Jan.
Proposal
On Nov. 7 the County
Commisioners Court authorized
a proposal
to
issue
$100,000 3%
hospital
equipment time warrants. Dated
1,
1945.
Denomination
$1,000.
These bonds are due Jan. 1, as
follows:
Bond
Election—An
$175,000
house
court
submitted
the
to
election held
on
issue
These warrants are
1957.
Edinburg, Tex.
Nov.
Election
1
the
Requested—On
City Council
quested to call
nue
l9t5 water
series of
bonds
awarded
reve¬
recently to
162,
the Ranson-Davidson Co.—v.
p.
2319—were
also purchased
by
Barcus, Kindred & Co., of Chi¬
cago, with whom the former com¬
pany was associated.
The bonds
are
described
as
an
issue of $150,-
000 recreational bonds.
Whiteface
Indep. Sch. Dist.} Tex.
Bond, Sale; Details—The $300,construction
000
bonds
awarded
last month to
a syndicate headed
by Russ & Co., of San Antonio, as
l%s, at a price of 100.166—v. 162,
p. 1816—are due on July 1, as fol¬
lows:
$20,000 in 1946, $25,000 in
1947, $30,000 in 1948 to 1954, and
$45,000 in 1955, giving a basis of
about 1.47%.
Winhsbdro Independent School
r
District, Tex..
Bond Sale Details—The $115,000
'a'-'-
house
school
bonds
awarded
chaser.
follows:
a
group
in
1949
to
1951,
$12,000 in 1952 to 1955, $13,000 in
com¬
the Channer Securities
Co., Chicago, the Texas Bank &
Trust Co., and Garrett & Co., both
of Dallas, at a price of 1Q0.04, a
basis of about 2.497%. Dated Nov.
15,
1945.
Denomination $1,000
and $500.
These bonds are due
of
from 1946 to 1975.
Wylie Indep. Sch. Dist., Tex.
Bond Call—K. J. Hall, Secre¬
tary of the Board of Trustees, has
that
announced
the
following
bonds* are tailed for payment
Dec.
oh
National
at
the
at the Central
McKinney,
or
1,
Bank,
American,National Bank, Austin:
$12,000 5 % school bonds. Dated
April 1, 1920. Due April 1, 1960,
optional April 1, 1930.
4%
$31,500
series
schoolhouse bonds.
1939,
of
Dated June 1,
June
Due
1, as follows:
$250 in 1946 to 1959, $500 in 1960,
$1,000 in 1961 to 1963, $1,500 in
1964 to 1973, $2,000 in 1974 to
1977, and $1,500 in 1978, optional
June 1, 1944.
1039.
UNITED STATES
•
at
the
will
par
lowest
bring
a
interest
cost
that
price of not less than
and accrued interest. Bidders
required to
combination
of
name
two
the rate
rates,
or
op¬
-2.
Educational grants to eligible
veteran's need.—
'
Increased educational oppor¬
tunities and training courses in
State
institutions and
qualified; veterans for
loans
their
habilitation, education or
purpose of
aiding them
to
re¬
for
the
in
the
purchase of homes, farms or busi¬
Legislative
1945
.
,
Sessions-
Changes in State laws providing
rights, benefits and privileges to
veterans, members of the armed
forces, their dependents and their
organizations
were
by
made
46
2nd Loan Agreement
Between Export-Import
Bank and Netherlands
Wayne C. Taylor,
the
3.
,
;
.
United States
Method of Taxing Federal Sur¬
plus Property of Interest to StateLocal Assessors—Method of tax¬
ing approximately $16,000,000,000
worth of industrial plants and fa¬
cilities to be disposed of
by the
Federal Government is of interest
to State-local
assessors, the Na¬
tional
Association
of
Assessing
nounced
what is the market value of both
converted and unconverted facili->
ties which
All
are
real
struction
or
become taxable.
estate
of
the
Recon¬
Finance
Corporation is
fully taxable but personal prop¬
is not.
erty
On
the
other
hand,
the
is exempt. The Army and Navy
probably have about $10,000,000,000 of the $16,000,000,000 invest¬
ment,
while
about
$6,000,000,000
by the Defense
Corporation, now the Re¬
construction Finance Corporation,
The HFC is the disposal agent of
the War and Navy Departments
by terms of the Surplus Property
constructed
was
Plant
Act of 1944.
/
The Army has already .declared
surplus some 272 plants, original^
ly costing about
$1,500,000,000;
while
the
of
pose
Navy is ready to dis¬
140
others.
Most
of
the
Army facilities were used in the
production of munitions, wj^ile
the bulk of Navy facilities were
for shipbuilding and repair.
Although subject to many vari¬
ations,
there
are
three
basic
methods of disposal: (1) by lease,
(2) by contract sale, with title
retained until purchase price is
fully paid, and (3) by cash sale,
with
immediate
title
transfer.
Questions about taxability of the
property involved arise if either
of the first two methods is use**
O.
(P.
Kelso),
Wash.
Defeated—An
Bonds
issue
of
$120,000 construction bonds failed
to find favor with the voters at
the Nov. 6 election,
State Governments reports.
Oroville,
Waeh.
did
water bonds,
authorized at the general election,
was
purchased by Harris, Lamoreux & Norris, Inc., of Seattle, as
l%s, at a price of 100.33.
tions
1^45
handle
to
result
the
as
regular
or
or
veterans'
of
action
affairs
taken
in
earlier.
Changes made in legislation in
1945, in the main, are extensions
of
obligation
general
prior State laws concerning:
1. Claims
service
designed
to
assist all veterans in the prosecu¬
tion of their claims against the
2.
care
and their dependents
Bonds Defeated—It is
posed
$800,000
sewer
bonds were rejected.
ible dependents to relieve or pre¬
and distress.
Employment preferences and
preservation of job rights.
5. Land
Occupational and tax
Such
passed
Alternate
purpose
\
new
in
'.'v.
legislation
Nystrom,
Nov.
000
exemp¬
as
was
1945 had for its main
the
rehabilitation
of
20 for
2%%
ment
the purchase
of $20,-
water and fire depart¬
improvement
bonds.
De¬
$1,000.
These bonds
nomination
196E|
'i-y S?- V
Offering — Charles
Village Clerk, will re¬
ceive sealed bids until 10 a.m. on
are
settlement benefit.
tions.
system
Sturtevant, Wis.
Bond
vent want
specified
related
The
the
and
United
purchase of
States
services;'
products
specified are elig¬
ible
for
financing up to their
c.i.f. value, Netherlands European
ports.
The Export-Import Bank
also states that "a line of credit of
the
same
amount, announced ear¬
the month, is being used
to
pay for goods and services for
which requisitions had been filed
the
approved before V-J Day by
Kingdom of the Netherlands
with
the-Government of
United
sions
States
the
of
under-
the
so-called
the
provi¬
3(c)
lend-
lease agreement between the two
countries but which had not been
contracted
for
Purchases
financed
under, the
prior to V-J
Day.
advances
by
credit will be made
new
entirely through American private
trade channels."
The
advices
:
%
Nov.
from
2
the
Export-Import Bank further said:
v
The
credit is
new
to
avail¬
be
able until Dec. 31, 1948. Advances
under the credit are to be made
against notes of the Kingdom of
Netherlands bearing interest
at 2%% and maturing on Dec. 31,
the
1950, at which time the Kingdom
the Netherlands
of
right to tender
will have
the
in
ex¬
new notes
change for the original notes. The
aggregate principal amount of the
will mature in
notes
new
proximately
30
ap¬
semi-annual
equal
installments; Notes evidencing the
first ten of these installments will
bear interest at 2Vz% and will fall
commencing June 30, 1951.
evidencing the next ten
will bear interest at 3% and will
due
Those
fall
commencing June 30,
evidencing the last
due
Those
1956.
ten will bear interest at 3% % and
June 30,
agreement-provides that
will mature commencing
1961. The
the notes shall be of such denomi-
Export-Import
that they shall
attached if
the Export-Import Bank shall so
specify, and that the Kingdom of
nations
the
as
Bank shall specify,
have
interest coupons
will, at any time
the request of the ExportImport Bank, register the notes
under the Securities Act of 1933,
upon
amended.
as
The
Kingdom
the
of
Nether¬
lands shall have the right to pre¬
pay any note on any
ment date.
interest pay¬
Taylor stated that the Ex-
Mr.
port-Jmport Bank stands ready to
sell to commercial banks or others
appropriate
on
which
terms
receive
will
it
Netherlands
notes
the
from
the
pursuant to the agree¬
ment.
Russian
Although
ment
in
Censorship Eased
no
official announce¬
of a change
has been made
policy, the Russian government
permited outgoing news dis¬
has
in
3. Economic grants to veterans
and men in service and their elig¬
4.
reported
by R. G. Lovette, City Clerk, that
at the Nov. 6 election the pro¬
of
State institutions.
of
VancdvveryWash*
WISCONSIN
Hospitals and home
between
to, and use in, the Metropolitan
Terriory of the Kingdom of the
Bonds Sold—An issue of $15,000
special ses¬
sion this year. However, all 48
States now have State organiza¬
Mississippi .and. Louisiana
States
the Netherlands
WASHINGTON
Cowlitz County, Kelso Sch. Dist.
States during 1945, the Council of
not meet in
United
Netherlands
all
property, real and personal,
owned by the. Army or the Navy
agreement
United States products for export
and
ques¬
Bank, an¬
signing of a
the
Export-Import Bank and the
tions:
following
2
Kingdom of the Netherlands pro¬
viding for a line of credit of $50,000,000 to finance the purchase in
lier in
(1) will Federal surplus
property Consisting of both real
and
personal
property
become
fully taxable when reconverted to
peacetime
production,
and
(2)
Nov.
loan
second
the
President of
Export-Import
Officers reports.
The interest of assessors is indi¬
cated by the two
United States
1
pressed in multiples of Ys of 1 %.
proposals will be con¬
or
to
prevent
want- and
distress' when Federal or other
Veterans' Benefits Enlarged by
6.
15,
$11,000
It is the intention of the
Board of Trustees to sell the bonds
follows:
1945. Denomi¬
nation $1,000;DueTSept. : 15£' as
Sept.
on
3%s—v. 162, p. 2320—
as
awarded ""to
veterans
are
Dated
re¬
election to sub¬
an
mit to the voters
was
bonds
at
paid to veterans
veterans
United States Government.
authorized
con¬
legal heirs.
the
Nacogdoches, Tex.
Bond
$1,000 in 1947 to 1949,
1950 to 1954, $5,000 in
1954 to 1961, $13,000 in 1962 to
1964, and $14,000 in 1965 and 1966.
election held on Nov. 3, 1945.
Principal and interest payable at
the place preferred by the pur¬
and
veterans
-v.
was
Nov. 17.
in
were
II
':1. Bonuses
ness.
at
$4,000
an
Bond Sale Details—The $400,000
2%%
of
bonds
voters
These
Nov. 10. 1945.
due $10,000 in 1948 to
War
cerned:
.
the
tees, will receive sealed bids until
'
•
designated by
the purchaser without cost to him.
It is anticipated that delivery can
be effected J an. 15, 1946. Enclose
The District will furnish
.
•
benefit is inadequate to meet the
the bank
to
in
designated by the purchaser with¬
^
out Icost to him.
It is anticipated^
that delivery can be effected Jan.5 Lepeliand indep. Sch. Di*t„ Tex., "
Bond Offering—E.. W. Brasch,
15, 1946. Enclose a certified check
for $3,000, payable to the District. President of the Board of Trus¬
Bexar
bonds
posed
Superintendent of
Schools, will receive sealed bids p.m. on Dec. 3 for the purchase of
until 8 p.m. on Dec. 3 for the pur¬ $40,000 schoolhouse
bonds, not ex¬
Hami 110n,
est.
World
were
an
2447
five-year
optional clause. The District will
printed bonds, a copy
of the proceedings, the approving
opinion of Gibson & Gibson, of
Austin, or of Chapman & Cutler,
of Chicago, and will deliver the
a
furnish the
Oct. 26
Held—At
the
ers
(P. O.
Offering—Thomas
P.
Catena Park, Texas
000 industrial plant bonds carried
at the election held on Nov. 3.
j -i'-'i',
W.
;
Bonds Voted—An issue of $150,-
Andrews
bonds with
on
on
urer.
1
sidered
due
$1,000 Oct. 1, 1946 to
Any and all of said bonds
callable at the option of the
Village at par plus accrued inter¬
est, without premium, on any in¬
terest date commencing
Oct. 1,
are
1947.
patches, for nearly a week, to be
passed without any deletions, ac¬
cording to Associated Press dis¬
patches from
Moscow, Nov. 12.
submitted to
Dispatches are still
Russian
but
authorities
for stamping*
this has become
a
mere
for¬
mality. Newsmen are speculating
to whether this is the result of
a
letter addressed on Oct. 20 by
as
the
ents
Anglo-American Correspond¬
Association to Foreign Com¬
missar
Molotov
Russia
establish
tions
for
free
that
condi¬
proposing
the
same
reporting that her
correspondents have in the
States and Great Britain.
United
Monday, November 19, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2448
MOST IN THE
mm
VICTORY MM!
match th»*
with
V,
fought—and give our wounded
Payroll Savings Plan
outstanding showing in the Victory Loan—our
Top off
your
an
good work
on your
cal
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Help bring
care—by backing the Victory Loan! You know your
quota! You also know by past war-loan experience
last all-out effort I
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heroes the best of medi¬
j-f'fr,..,'-
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to make your
boys back to the homes for which they
our
quota.
Bond
Sell
the NeW F.D. Roosevelt Memorial
PAYROLL SAVINGS PLAN!
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In rallies,
and solicitations, " promote
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the
new:
Franklin Delano
than "cash
Keep
on
All Bond
giving YOUR MOST to the Victory Loan!
and
your
Treasury Department acknowledges with appreciation the-publication
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THE COMMERCIAL AND
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nation, your employees-
your
payroll deductions during November and De-
The
*n*
peacetime prosperity
needed nest egg for old age.
a
* 1"
come.true! Get behind the Victory Loan to promote
for our returning veterans,
hand," Victory Bonds enable the buyers to build for
the future—assure
•
.
.
cember will be credited to your quota. Every. Victory
Bond is a "Thank You" to our battle-weary men overseas
—also a definite aid in making their dreams of home-
interdepartmental contests,
Roosevelt Memorial $200 Bond h Better
in
V-r,}
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that
personal effort and plant solicitation are required
your
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own^industry!
of this message by
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FINANCIAL CHRONICLE
official V. S. Treasury advertisement prepared abler auspices ofTreasury Department and War Advertising Council
@FedFRASER