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1
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*
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Mc^gy*"
MONDAY
Nov
* o
cymmetciGL
Regv U.
,,
Volume. ISO
PUBLIC UTILITY
-
the General Fireproofing Co.),
Grant Pelton (former
01 the Automatic Electric Co.;,
Elmer F. Richter (Vice-President and General Manager of Addresso-
(Vice-President of Addressograph),
E. White
and David
graph),
(President of
Vice-President
Brainard
C.
been named to the Board of Directors,—V.
have
159, p. 2513.
include
.
net' income
and
billings
contracts, that
are
'■■
■•.' ; ,■
orders on hand
'■ :
'
the
for
INSURANCE
-
third
quarter
of
:•: %
•
Sept,
which
:
•
months
have
Services
charged
able
Chicago
American Airlines,
Stock Offered—A banking
—
headed by Dempsey & Company, of Chicago, is
offering 216,000 shares of common stock (par $1) at $7.75
group
A.
N.
included
ended
income
President,
Kemp,
reports
earnings
net
for
the
months
nine
Sept, 30. 1944, of $3,991,688 after provision for Federal normal
and surtax, which is equivalent, after preferred dividends, to
share. Other members of the offering group include
Ames, Emerich & Co., Inc., Courts & Co., Doyle, O'Con¬
nor
& Co., Inc., First Securities Company of Chicago,
Sills, Minton & Company, Inc., Baker, Simonds & Co.,
Mason Brothers, F. S. Yantis & Co., Incorporated, and
Sidlo, Simons, Roberts & Co, Of the shares offered, 150,^
000 shares are from the company, and 66,000 shares from
Consolidated
are
Income
$20,928,709 $17,807,710
4,678,603
3,480,964-
per
Express
$27,900,764 $23,822,971
Expenses
Corp.—V.
Page
Bank
National
Cliase
The
York
City of New
the
o!
Cleveland
ap¬
dividends
payable
next
dividend scale for
Brainard, President, has
B.
Morgan
year,
announced.
The
falling
The
3'r
higher
*
...
the
policies left w.th the company for all payments
to be allowed on dividend accumulations
a higher rate is guaranteed.
of interest of 3D
will be paid in the non-partici-
of
rate
department
funds held by the company
guaranteed.—-V. 160, p. 721.
where
except
on
rate has been
Manufacturers
agent'and
This
RR.
foi
registrar
due
bonds,
has
Co.
been
will be
appointed
trustee,
a
Anti-Trust Charges—
Steel
Republic
Corp.
Federal
Stainless Steel
Steel
Rustless Iron &
1
Scbmid,
Manager
:
■
.
The
and T,
Corp.
Corp.,
Six Months
both
of
New
said
Class I Railways
Chemical Foundation,
Inc:,
the
York,1 and certain predecessor companies
as co-conspirators.—V.. 160, p. 2065.
AHis-Chalmers Manufacturing
Period End. Sept. 30—
Net
income
—
per
com,
"After provision
taxes
in
1943
and
shr._
(&
Subs.)—Earns.
1944—9 Mos —1943
140.908,441 236,820,118 357,786.559
100,335,777 273,887,508 206,498,730
*2,697,947
$1;52-
"2,654,384
$1.33
$9,300,000
in
1944.
16,186.133
$3.47
f6,782.605
$3.51
of $11,725,000 for Federal income and
for. Federal and excess profits taxes
Nirosta
of the
; /
* '*•
$
&
Earnings
Co.
1944—3 Mos.—1943
91.944,501
97,141,960
Billings
September
Federal Debt Limit at Sept.
share
per
adjusted
tAfter provision
of
year
stock
would
such
for
$23,120,000
24,400,829.
1943.
A
reduce
the
as
flown
compared
total
of
the
earnings
to
period
miles
for
per
approximately
during
with
the
$3.03
nine
19.661,006
406.560,217
revenue
for
is primarily
the
on
company's
On Dec,
dividend
a
out
the
passenger
was
paid
Dec.
en
15,
last
!-7
..
....
nine
miles
net
■
year.—V.
160,
■;
■■■
11943
$22,970,838 $25,424,460
5G8 019*
520 835
•'
__-,_,!!,
444|926
(net).^..^...^..^^.......^.
90,617
469^867
30,215
.
! $24,074,396 $26,451,378
4,583,698
4,329,896
4,245,538
3,298,636
571,242
583,616
10,500,000
13,191,446
$4,173,918
and
$4,297,784
for
renegotiation
income
& Fed.
&■
—_d_—...
——......d_
■
..
stock....
preference
on
750,000
foreign taxes
555,660
485,Oly
$3,618,258
$3,812,765
^Common shares outstanding..^
2,707,026
Earnings per common share....—————$1.33
2,639,026
•
applicable to common
stock.—..
"After deduction
before
tax
for
of
deduction
include
-to
and
the
of plant; • selling
'and'Administrative
renegotiation provisions
year.
•';
•
Notes—The
net
reflected in
This
Jan.
statement
does
a
decision
include the
not
companies
to
(50%
discontinue,
and
statement
,
equity
in the
owned or less).
to
additions to contingency reserve against risks and uncer¬
war conditions.
Reserve previsions to Dec. 31,
($4,000,000), are considered adequate.—V. 160, p. 1521.
1,
retroactive
1944,
tainties
1943
reflects
the audited
,
above
as
tRevised
contracts
■
.
income
as
Government
on
but
expenses,
depreciation, amortization and depletion,
x-etroactive price adjustments
undistributed net income of associated
in
$1.45
"
common
flown
this issue
on
13, last year,
1944
Wiortmi'hfa
amortization
Net income
totaled
months of
were
,!
(& Subs.)—Earnings—
earnings
Dividends
period
first
year.—
consolidated
of
Sept. 30—•
on4
,'.-! Net. 'income
share. '
per
months'
last
depletion.......
surtax,
share
of
made
were
this year.
■r
■
earnings
Prov,
2231
1944
year
in¬
,
and process development expenses—u.
charges on funded and other debt.—1
Provision .for contingencies——
dependent
upon
last three months of the year.
In the event
the
company's earnings for the latter period should be sufficiently,
high to subject it to excess profits tax for the year 1944 the portion
of such tax applicable to the earnings for the first nine months of the
any,
each
cents
15.
Research
same
and
15
declared
amount
f;„.;
.
Depreciation,
stock.
the
lor
income
like
A
Gross
2231
30
common
$4,251,898
normal
tax
Revenue
in 1943 and $27,100,000 in 1944.
outstanding
of
Federal
liability, if
earnings for the
profits
profits
excess
on
figure
for
of
and Sept.
operating
Other
This compares with
period of 1943. after
which amount is
equivalent, after preferred dividends, to $7.12 per -share.
It was
-pointed out that no provision was made for Federal excess profits
taxes for the nine months ended Sept. 30. 1944* as such provision is
not considered
necessary based on the company's, earnings for "such
period.
However, the ultimate determination of the company's excess
an
15
also
9 Months Ended
on
$6.67
June
15,
Interest
...
an
.
Dividends, interest and discounts......
Royalties, licenses and'service charges
1.2231
.*...
represent
October
during
■:
Distributions
1.
directors
1.
*Net
Items
(July)
pounds
448,738
operations
V
-
DUrtdcnrlc
Rolling Mill Co.,
defendants, were named
Bookings
Sheet
of
American Cyanamid Co.
-
2203
Balance
shipments
paid, a year-end dividend of 30 cents per share on the
stock, making a total for that year of 75 cents per share.
1730.;,
p.
.2192
and
H.
company
Dec.
2230
Fairchild's Retail Price Index for
provision
the
Income
from
Airlines during the
airf mail shipments amounted to 448,738
figures reached the record total'-, of 573,861
J. Lyall, Regional Traffic Manager for the
on
Nov. 15 declared a, year-end dividend of 40 cents
the common stock, par $10, payable Dec. 15 to holders of
on
Dec.
Non-Farm Mtge, Debt Declines in 1943—.2192
Selected
shipments
express
American
earnings for the fiscal year 1944 of $5 per share on the outstanding
5%' preferred stock, par $100, payable Dec. 15 to holders of record
Exchange...2203
....
air
and
by
directors
The
System.
Reserve
mail
v
•
-over
1857.
air
pounds or 59.9*'t
over- the corresponding month in
figures also showed a substantial increase of 88,281
8:5%
or
March
the
of
Banks
Stock and Bond Averages
F. McLaughlin,
American
■'
announcement
Corp.,
express
share
on
Capital Flotations During Month of October.2221
Gross and Net R. R. Earnings for June and
Sales,
of
J'
.
Steel Corp,
Cyclops
180.Q00
record
2230
Member
to
air#mafl
of
p.
in
express
Air
160,
per
Transactions New York Curb Exchange—.2203
:>.!
President.
;■
Bethlehem
Steel Co., Sharon Steel Corp., Firth Sterling. Steel Co., Jessop Steel
Co., Latrobe Electric Steel Co., Midvale Co., Pittsburgh Steel Co.,
Superior
Steel Corp., Timkeu Rotlcr Bearing Co., and UniversalEastern
*
H.
Martin
•
of
30,
ended Sept.
months
r.ine
American Colortype Co.—40-Cent Year-End Dividend
2229
Transactions New York Stock
Huber Parker, President.
' ••
and R. E. Christie, Vice-President.
and
Statement
Condition
$3,991,688 *$4,251,897
!• 24,400,829
19,661,006
Total
.
total
The
of Federal
...
...
air
1
common
V
alloy steel division.
V.
2220
Statement
Reserve Banks
the
for
established
was
according
pounds
Rates
Condition
Combined
Crucible Steel Co. of America
;
The
Declared and
Foreign Exchange
above
month
Field
airline. '■
'
,
shown
October.
while
pounds,
1943,
The Course of Bank Clearings
....
greater than (and the provision lor Federal income
record
of
pounds
Sinking Fund Notices.2225
Payable
2226
Redemption Calls &
Dividends
less steel division.
and J.
...2218
.
Exchange;-.y—:.L.._.2216
Municipal Financing in October—2239
companies producing upward of $175,000,000 worth . of
,stainless steel annually were accused of unlawfully. fixing non-competitivt* prices.
v;
'
Attorney General Riddle announced a Federal Grand Jury at Tren¬
ton. N, J., had returned an indictment charging the companies and
six of their officers with conspiring
to violate the anti-trust laws.
He said the indictment alleges that, the conspiracy began in 1934 and
involved use of German patents for chrome nickel steel acquired from
the Alien Property Custodian after World War I.
The Attorney General said there were two anti-trust charges, each
punishable on conviction by a fine of up to $5,000 and imprisonment
of up to one year,
Named as defendants were:
Ailecheny Ludlum Steel Corp. and Russell M. Allen, Vice-President.
Carnegie-Illinois Steel Corp. and Paul F. Voigt Jr., Manager, stain¬
Carpenter Steel Co.
month
News.2177
State and City Bond Offerings and Sales...2233
paying
income
Eighteen
*
Exchange,
taxes.
correspondingly
LaGuard.a
General Corporation and Investment
■,/'
■•!/.'•.
2218
._
income
Establishes New Record—
crease
,
Corp,—V. 260, p. 1625.
$7,256,898
*3,005,000
miles———406,560,217 327,309,307
profit
net
is
Another
Section.—2217
Over-the-Counter- Markets.—.
_______2219
Allegheny Ludlum Steel Corp.—Steel Firms Indicted
on
Curb
Toronto Stock
Alabama, Tennessee & Northern
to
successor
$6,951,688
12,960,000
less than) was reported last, year for such
period, this revision resulting from elimination of the provision made
during such period lof Federal excess profits taxes from which the
company is. now believed to be exempt for the year 1943.
tNo provision has been made for Federal excess profits tax for the
nine months ended Sept. 30. 1944, as suoji provision Is not considered
necessary based on the company's earnings for such period
Miscellaneous Features
mortgage series A 4VaD
general
the
*The
2215
__
passenger
taxes
Angeles Stock Exchange
Stock Exchange
1992.
1,
Jan.
companv
Trust
1,040,032
taxes..:!
flown——
miles
1943, is $2,205,000
2214
2214
2214
Exchange.
Federal
for
Revenue
Toronto Stock Exchange—Curb
Alabama, Tennessee & Northern RR. Co.—Trustee—
The
Stock
Montreal
department
participating
except
same
•ipating.
in
1945 and
where
in
due
be
allowed
be
to
interest
proceeds
the
on-
will
Exchange
Montreal
of
rate
853,159
profit
Revenue
—2215
Philadelphia Stock Exchange
—^.221(5
Pittsburgh Stock Exchange.....———2216
St. Louis Stock Exchange....
—___2216
Los
continue the present
voted to
2213
.2213
Detroit Stock Exchange
Co.—To Continue Dividend—
Aetna Life Insurance
Net
2209
Exchange
Stock
Boston
pointed: transfer agent, also dividend disbursing agent, for the 25-cent
cumulative convertible pieierred and common stocks.—V. 160, p. 1857.
The directors have
Exchange
Chicago Stock Exchange..,
Cincinnati Stock Exchange.
has been
15,526,041
depreciation.
profit before Federal income
Provision
(Bonds).2204
Curb
Baltimore
Net
•
_.2iy3
(Stocks)
Exchange
Stock
York
New
2055.
p.
Stock
York
New
Aircraft Corp.—Transfer Agent—
Aeronca
,
Stock Exchange
New York
150,
20,095,916
——w-
—
for obsolescence and
Provision
"
increased working
capital for presently increased war work and post-war expansion in the
radio field as well, as in the electric retrigerator, electric range and
home freezer business which Admual has recently acquired from the
Stewarr-Warner
Issue
Stock and Bond Quotations
to be used for
the company are
2,059,988
474,308
1,771.657
'
521,795
This
In
present stockholders.
The proceeds to
1943
1944
revenue—Passenger
Operating
Subsidiary)
(Including
Statement
Sept. 30—
9 Months Ended
;
contracts have been
war
without fee or proiit.
The applic¬
proiit and loss statements for the
to the U. S. Government.
the
in
direct
charged
but
V '
Inc.—Earnings—
Under
company
S. Government
not
are
327,369,307 in the first
the Army returned to
type aircrait, most of
placed in service.
been
the U.
ccsts
Douglas DC-3
18
performed by the
to
period,
Admiral Corp.,
of
period
this
During
total
a
compared with
1944.
1943.
of
Airlines
American
1944,
30,
nine months of
first
nine
totaled $298,859,254.
Renegotiation proceedings with the Government have not been con¬
cluded for the yeaiA ot 1943.—V. 160, p. 1073.
Unfilled
MISCELLANEOUS
-
the
1943
arising from adjustments of certain
applicable to the first six months of
amounts
non-recurring
Government
1943.'
INDUSTRIAL
-
Note—The
Directors— /
Corp.—New
Addressograph-Multigraph
George
Copy
a
Corporation and Investment News
General
RAILROAD
60 Cents
Price
N. Y., Monday, November 20, 1944
New York,
Number 4335
S. Pat. Office
arising out of
piin;i!ii:iiii:iiii:iiiriii!!iiii;iifl.i»!i;iii)iiii:!iii:w
FIltM
SPECIALIST / V
FIi)KI»A & i\l<:w JERSEY
.
Mimiciguil KoihIs
MUNICIPAL
"
For
DEPARTMENT
80 BROAD
Tclevhcne-
STREET
HAnover
2-2600
1922
I
-
-
Offerings
■
'
'1
el:
Banks, Corporations and Individuals have found
*
1
'
.
,11s
Unlisted Securities
•
an
'
■
1
effective market
r
place for large
or
small
BLOCKS of SECURITIES
>
Brokers, Dealers, Institutions, Corporations
which
"
-|
'
are
not
readily marketable.
I
INQUIRIES INVITED
INCORPORATED
1
Members New York Security Dealers Association
'
NEW YORK
Bell
Bids
r-
Kobbe", Gearliart & Company
qALLEN & Co.
Established
'
:
*
45
4, N. Y*
Teletype:. NY 1-573
NASSAU
REctor 2-3600
STREET,
NEW
YORK
Philadelphia Telephone
Telephone
»
Enterprise 6015
.
New
HILL, THOMPSON & CO., INC.
|
120 Broadway, New York 5, N. Y.
5
Bell
Teletype
York
|
1-576
^ii;niCBiR!iii!uii3iniiiB:iiR3:!i:iiu.:i-.i.iiii.iiu.i3r.aU!!ia:ii:i.i:r.:ii2.j;.i hj.jiijut.iiii.im.iiii.iduiiuuiii.linimRHiiiiniiniuiiiiiiiiiiiURiiii.'nii'iA
American
312,624
4
stockholders accompanying a proxy
National Bearing Metals Corp.
and
into the parent will complete
the program of corporate simplification begun in 1936.
The stockholders will vote on the merger, and on a modification of
the company's retirement system, at a
special meeting to be held
on Dec. 6.
A two-thirds vote is required to approve the merger, which
The
in
company,
would
says
the
1944.
will result
30,
Dec.
effective
become
consummated,
If
merger
.
outstanding share of National Bearing,
Brake Shoe, will be converted into oneof Brake Shoe. • This exchange is " the
same
as
that accorded certain National Bearing stockholders earliei
this year.
All shares of National Bearing held by Brake, Shoe will be
canceled, and a similar procedure will be followed with respect to all
outstanding shares of capital stock of Electro-Alloys Co,
If all common: stock of National Bearing in the hands of the public,
is converted, American Brake Shoe Co.
will have a total of 796,437
common shares outstanding, compared with 786,974 at present,
*
terms, each
Under the merger
Jackson',
Baxter
fJiv.^
Associated Telephone & Telegraph Co.—Accrued
1,1
,
"Vice-President" of "the
First
! share on
the 7% first preferred stock and $1.32 per share on the $6 first preferr^d stock, on account of accumulations,; both pavable Dec.-22 to
directors
The
v
,
,
holders
Nov;' 14 declared dividends of
on
record
of
Nov..
—V. 160, p. 826.
" '
-
:
.
These ; are' the
22.
the same rate
current year, and are at
...
'
■
only
those paid
as
: v
■
$1.54
per
payments in the
on Dec. 21
1943."
.
.
of maintaining sep¬
interests in domestic
control of domestic
stated.
Given, Jr., President,
William B.
.
'
with
vs.,"
■
Chemical Bank &
Trust Co., has been elected a director.
He is also a director of Gen¬
eral
Reinsurance
Corp.,
North Star Insurance, Co., McCrory Stores
Corp., Home Life Insurance Co. of New York, and a trustee of the
Roosevelt Hospital.
He is a member of the Reserve:City;Bankers As¬
sociation and the U.- S. Chamber of Commerce.—:V. 160, p. 1962.
:
NT
■
in one domestic company
compared with 12 in 1936, will save the expenses
arate corporate entities, eliminate minority stock
subsidiaries, and permit closer supervision and
business,
American Chicle Co.—New Director—
to
letter
a
the proposed merger of
the Electro-Alloys Co., subsidiaries,
statement,
* '
3\k•%, bonds, -clue in 196.9, and also to place the mew issue privately
insurance companies.—-V, 157, p. 687.
•
\
■„
of
be. $19,-
for the 12 months ended Sept. ,30, 1943, would
instead of $18,567,496.—V. 160, p. 1626/ 1178.■
charge
tax
-Simplification of Corpo-„w
Brake/Shoe Co.
Monday, November 20, 1944
FINANCIAL CHRONICLE"
THE COMMERCIAL &
2178
except stock held by American
half share of common stock
...
> Atchison, Topeka &: San" Fer Ry.—Rebuilding
:
(Phila.)-fExpands Board—
American Engineering Co.
meeting of
special
a
line reconstruction
Production
the board of directors held at Chicago. on
Nov. 13, David Baird, Allison L. Bayles, Thomas P. Durell, Paul H.
Hill, Thurlow E. McBride, William V. Sauter, ; Lewis/J.;Stern and. R.
Emerson Swart were,elected directors
of the companyand, together
with E. I. Kleinman, J. M. Doroshaw and .J. S. Ackerman now^constitute the 'board of directors.
'V
At
box
of
has
cars
started
Boxcars'
the Sunla
at
again for the first tiftie since
materials became Unavailable in 1942. according to H. B. Lautz. General
Ee
■
shops
Railway
-
Manager.
vCars
Kan.;
/..••
coming
liim
off,.'the
Nov.
■'
.-'■■■
..
moving jdorig; the pro.diictjon line and
are
started
Topeka,
in
thi-fir$t
v
rebuilt cam'
current
■A program .calls for 1,500 cars "of 100,000 pounds capacity.
•
,
i i
American Engineering Co./is one of a--group-of companies affiliated
that,, go into the; rebuilding program are obsolete, woodensided
with American Industries Management Corp; of Chjcago, operators of
cars that are suitable only for rough loading, many of "them too .small
a
group of industrial concerns.
to
carry, modern
loads.
The newly-rebuilt'cars: rVill gOsinto service"
immediately, to relieve the severe shortage of equipment suitable for
American Gas & Power Co.—Earningshandling: grain, Hour, and other high-class loads.
• /
.
- v • .
■
, ■*
1943 "V'v: 1942
The program just started is hampered by a, manpower shortage/
Years Ended Sept. 30—*
1944
$717,170
$490,313
according to Mr. Lautz.
"We are turning out six cars per day with
Grcss revenues
$678,867
350 men," he explained.
108,704
38,090
"If we could get 125 more men/ the rata
Operations
——— (175,533
would be stepped up to nine cars daily.
1,202
4,391
At our present rate, it will
Taxes
—-V'
•
4,093
Mr.
1,
Lautz
The
said.
.
,
.
.
—...——
Quarter Ended
for
Statement
Income
Consolidated
Sept. 30
.
—
1943
1944
Sept. 30—
$21,400,000 $22,000,000
Net sales (company and all subsidiaries^
17,700,000
16,600,000
Net sales (company & its consol, subsidiary)_
Income before deprec., amort. & U. S. income
2,435,879
1,733,753
and excess profits taxes;
—
Quarters Ended
^Dividends
23,545
23,370
$1,757,298
604,981
take aboiit nine or
debs..
Other unconditional -interest——
debs,—
223,414
3,177
income
Conditional
income
Total
—_
———
—
and amortization--.——
for
estimated
income
and excess
Provision
565,000
_—..—
128,625
transferred
$143,902
July 1
;———
■(■Consideration received in excess of $12.50 per
share for 17,882 shares ol' com. stock issued
caused
Adjustment
$286,926
16,872,766
553,323
Sept.
—.——
Consolidated
,J.
5,826,176
5,197,291
6,741,157
net consolidated—
73,383
9,849,936
————1,.'
82,262
refund—1,086,657
subsidiaries
—-
profits tax
Post-war excess
$5,900,378
8,316,218
3,093
78.174
————
—
consolidated
not
Land, bldgs.,
(less
Patents
E.
954,657
Deferred
account
of
Accrued
S.
U.
2,468.065
Uncollectible oper,
and
Reserves
excess
tax
for
5,668.441
851,458
827,898
9,800.000
9,800,000
12.544,800
7,387,182
10,099.507
Capital stock:
($100 par)—
cumulative
Preferred
stock
Common
par)
(no
12,768,325
_•
7,940,505
surplus
Capital
'"Earned
' surplus.-
10,648,638
——
(2)
income1
—
Dividend—
.!l;i1,
declared
15
Nov.
T
Total
$51,463,211 $51,239,038
and 769,092 shares
—
^Represented by. 786,974 shares at Sept, 30, 1944,
Dec.
at
;
1
amounted
1943.—V.
160.
>
•
American Gas *& Electric Co. (&
Subs.)—Earnings— f
1944—12 Mos.—1943
Subsidiaries consol.:
10,044,763
Operating revenue
3,403,491
Operation
Maintenance :
—
^Federal
1,190,933
„
income
629,189
taxes,
1,114,595
prof, tax
exc.
Other
679,169
—
Depreciation
864,795
taxes
Operating
Int.
1,958,174
24,793,969
24,686,054
25,930
24,684
291,282
294,43$
2,183,527
1,982,857
25,085,251
24,980,492
602,783
601,346
7,213.431
Amort,
elec.
of
1,987
66,015
991,204
24,999
int.
Other
of
p.
The
directors
on
Nov.
of
of
record
on
March
Dec.
income/.
*
39,901
57,179
500,297
712,593
282,764
stocks
323,692
3,745,622
3,884,099
on
15
on
■( (
earned
stocks
Divs.
for
13,125,203
8,866,769
11,222,221
845,207
1,046,030
stocks—_
12,568,682
998,653
1,075.187
com.
on
a dividend of. $4';per share on
cumulative preferred-stock, -par
deolared
the I'k
Nov.
declared
8
two
dividends
of
of
29,157
consolidated-
subs?
153,447
4,258,434
1,346,461
Araer. Gas & Elec. Co.:
Net
/-.'V'"' ' " v
1730.
p.
Associated Public Utilities Corp.
inc.
subs,
of
29,157
Gas
fm.
subs,
Co.
,
4,258,434
1,346,461
153,447
El.
(
,
com.
stocks.
1,046,030
845.207
11,222,221
8,866,769
on
pfd. stocks—
20,347
61,879
54.165
544,887
649,978
63,338
754,592
2,598
32,781
&
adv.
-
Net
taxes
&
42.363
Net
1,160,798
1,113,754
$3,532,234
$4,253,473
$5,000,121
59,462
43,069
45,C18
42,361
income
——
$3,591,696
$4,296,542
$5,045,139
$4,676,447
income
tax——
*2.470 000
*3,057,000
*3,733,623
*3,341,350
contingencies
50,000
75,000
200,QOO
$1,071,693
$1,164,542
$1,111,216
$1,326,097
257,239
257,239
257,239
257,239
577,260
577,260
573,324
630,512
$337,197
$330,041
$280,653
$438,346
$3.17
$3.54
$3.35
$4.24
Other income
for
Prov,
income
Net
&
20,176
300,897
net
256,230
,»
Federal
Divs.
1,098,578
13,600,045
14.333.31$
85,898
88,353
1,050,012
pfd.
"
49,173
640,542 '
23,284
22,704
282,861
229,693
17,605
17,085
209,498
195,708
$51,165
$55,520
24,362
21,573
202,130
earned
Stock
*'After
currently
and
taxes__
43,523
55,577
635,871
632,855
140,767
140,767
1,689,209
1,689,209
856,637
813,880
10,224,952
10,933,478
the
for
com.
:
deducting
realized
excess
—
$26,803
$33,947
$383,933
$367,479
806
2,666
12,837
33,708
$27,609
$36,613
$396,770
$401,187
250,766
289,203
&
Net
$1461004
$111,984
2,972
fx*.
opers._
taxes
income—
income
corporate inc.other
,
deducts—
$586,063'
$12,213
_—-—
23,677..
15,366
-—-—
244
iixcome
divs.
Common
Bal.
to
divs.
the
as
a
10%
post-w-ar
result of
debt
credit,
part
retirement;
of which is
If Federal
to be
income
profits taxes for the year 1942 were to be restatd to reflect
——
..
$12,936
and
$4,624,586
16,500
$12,689
1394.
i
$110,054
provisions of the Revenue Act of 1942, as enacted in October, the
company,
a
subsidiary
of
the
General
Telephone
Corp.,", has
petitioned the California Railroad Commission for permission to refund
$10,300,000 first mortgage 3VS? %
bonds, due, irivl9r7.4,ynpjv held Iby
insurance companies,
The company proposes to issue a 'like" amount
.
Sheet, Sept.
.
30, 1011
;'
•
"
(including $952,538 restricted to use on U, S. Govern-'
cost-plus-fixed-fee contracts), $6,794,498; U. S. Treasury savings
notes, $3,399,000: other
U. S. Government securities, $716,700; accounts
receivable (including billings of $1,166,680 for costs and
cost-plus-fixed-fee
contracts)
(less ..reserve of $189,650),
$4,990,283; unbilled costs on cost-plus-fixed-fee contracts, $1,736,133;
inventories, $5,471,155; securities of unconsolidated subsidiary com¬
pany." $748,514; Atlas Powder Co. common stock (7,372.28 shares)*/
$203,852;
post-war excess profits tax credit
(estimated), $729,000;
miscellaneous
investments,
at
cost, $18,949;
property,
plant and
and
fees
notes
on
(less reserves for depreciation
$7,997,745;
goodwill, patents,
$84,411; total, $36,942,922.
equipment
756,703),
charges,
Plan Filed
(Includes depreciation.
Assets—Cash
ment
-
Associated Telephone Co., Ltd.—Refunding
$24,000.
refund of
The 1943 figure is
$2.77,000 and the 1944 figure
credit of $190,000 and post¬
and capital stock taxes.
giving credit to post-war .refund of
giving effect to debt retirement
Consolidated Balance
$92,512
■
in 1942)
taxes ($1,928,000 in 1944, $2,771,000 in 1943,
after
war
16,500
33,000
shr. on com.
$3,170,700
after
is
$579,907
"
2.9&0
247
*•$4,531
surplus-
"Deficit.—V. 160, p.
The
per
'Includes excess profits
U
Gross
—
•*; 212,428
—_
$1,718,964
.
Bal.
dividends
Surplus
Earns,
575,309
<
1,077,773
stock—
income
on
1.126,825
—
deducts.
miscell.
——
dividends
Preferred
14.589,545
13,900,942
33,973
—
exps.,
Balance
.
—
operating profit-
Net
■■
.
$1,580,617
54,698
.
oper.
Preferred
Int.
i
;
9 Mos, End. Sept. 30—
1944
1943
1942
1941
/
etc.
Li $32,520,437 $29,318,837 $26,912,610 $24,718,926
fCostofgocdssold.der
livery & other exps,_
28,988,203 25,065,364 21,912,489 20,094,340
1944—12 Mos.—1943
$144,482
—_—_
earns,
Non-oper.
Int.
income
Total
Gen.
;'
Sales,
Fedei*al
——
Maintenance.
772,001
3,386
bonds
on
j
.
con.:
on
Divs.
Int.
refunding mortgage
and
(& Subs.) —Earnings—
Atlas Powder Co.
Gross
$146,752
revenues
Operations
Operating
Divs.
Other income
first
To. and including Dec. 31, 1944, this company will make payment,
to maturity, of the outstanding $2,286,000 of Atlantic Coast
Line RR. Co. of South Carolina gen. 1st mtge. 4% bonds, due July 1,
1948, at their principal amount, plus interest to Jan. 1, 1945, and a
premium of $140 per $1,000 of principal amount.
>
Holders of said bonds desiring to accept this offer of prepayment
should, surrender the same to the United States Trust Co. of New
York, fiscal agent, 45 Wall St., New York, N. Y., with Jan. 1, 1945,
and-all subsequent coupons attached, against payment of $1,160 per
$1,000 bonds.—V. 160, p. 1962.
"
v
(as
&
Am.
of
'interest in arrears on the
(c) reorganization expenses.
■
(& Subs.)—Earns.—
1944—Month—1943
Period End. Sept. 30—
De.nreciation
above)
Inc.,
j
.
of. not! to exceed ; $6,000,000
would have at least)
company
,
10
the
of
trustees
Operating
inc.
net
new
com.
;
Undistrib.
the
prior
Common
Bal.
;''■/,
distribution
that
.
$4 Preferred Dividend
Associated Gas & Electric ^ Cprp.^' report ■ that
electric output of the Associated Gas & Electric Group for the week
ended Nov.
10. 1944, amounted to 131,826,796 kwh.; . an increase of
5,270,207 kwh., or 4.2% over the same week last year,—V.( 160; p. 2067.
The
limited
(8t,. For protection of the new or reorganized company a satisfactory
agreement would ,be made with Atlantic Coast Line concerning rato
.'divisions and accounting
'
- y
•
;
:; v:.'.4
N
,
cents each
stock, par $2,50 per share, one payable on Dec. 30 to
record Dec. 11, and the other on March 31 - to holders
March 12.
Similar distributions were made -on this issue
30. June 30 and Sent, 30, this year, and on.June 30 and
on
1943.—V., 160,
30,
earned, the unearned divi-L
13'/a% ; preferred- holders
the members of the board
'•*
common
holders
of
of
»;
directors
the
so
"(bonds and
Ampco Metal, Inc.—Declares Two Dividends—
The
when
trustees
.
on
and
maximum
one-third
! Offers to Prepay Bonds—
722.
p.
if
cash after payment of (a) ccst of constructing the Fort
cutoff ,(if it is built), (b) any additional income tax liability
of the road are not entitled to a deduction of interest
Pierce
if
A similfer distribu¬
against $2 each on
March 17 and June 14. 1944, and on April 15,/July 10," Oct,-15 and
Dec. 10. 1943.
't-.
■ v.";''
"
After giving effect to the payment of the dividend ( just declared,
arrearages on the preferred stock will amount to $67.75:per share.—
160.
a
cash
proposed
be
to
elect
of
$3,000,000
/
$100, payable Dec, 13 to holders of record Nov. 28.
tion was made .on'.this issue on Sept. 8. last, as
v.
stock
total
a
company.
new
The
(7)
would
to
obligation under
$80,000,
accumulate
entitled
J/-',->7,
■;
.
accumulations
of
preferred
to
be
principal
the
of
annual
plus
kwh. for the cor responding'^week of 1943.
2066.
Associated Gas & Electric Co.—Weekly Output—
plant
deducts.—
&
pfd.
on
.
adjusts,—■
acquisition
Reservation
Divs.
debt—-
funded
160.
Line's
would
7,233,598
3,977
178,914
income
on
9,465,400 118.286,570 109,518,004
3,354,424
40,680,348 36,415,094
581,574
8,093,715
6,298,734
1,159,232
14,092,730 13,718,342
"675,207
7,894,844
7,421,545
919,943
12,274,772 11,145,951
816.846
10,256,191
9,832,285
2.157,597
income
Other income
G»oss
Nov.
the output of 75,789,000
account
1944—Month—1843
Period End. Sept. 30—
$640,000
of the
of the electric properties of this company for'the week
11. 1944. totaled 86,258,000 kwhM an Increase of 3.605»"
American Woolen Co.—To Pay
resulting
1730.
p.
Coast
:
since
increase,
consolidated,
^Fed.
ended
over
.5%
to
of
dends
the usual
\
$3,600,000.
for
be
accrued
acquisition, in the equity in .£ubs''diaries
from
profits, losses and distributions,
to $1,155,291 at Sept. 30, 1944, and $1,014,419 at Dec. 31,
Note—The
not
stock
As additional consideration for Atlantic Coast Line's acquisition
A.C.L. would guarantee the payment of the first interest
the new first mortgage bonds and also an annual sinking fund
$15,000,000
American Water Works & Electric Co., Inc.—Output-
—V.
1943,
31.
preferred stock and $6,000,000 common stock;
of equipment trust obligations).
4% bonds, preferred and.common stocks,
amount of the bonds/
The
such a guaranty would
$720,000. Payment of the
principal amount: of the bonds would not be guaranteed by A.C.L, f.
(5)' The plan of reorganization would contain a provision for a
capital'fund of the character provided for in the April 6, 1942 ICC
report and order, amended and supplemented Aug. 10, 1942.
/
.V.. (6) -Dividends at the rate of 4'/»%•• annually would be paid on the
XX/'/.v.Xv.'
J
(which would assume
would be $16,000,000 first mortgage
common,-
payment: equal
2,546,963
.
on
(
.
first.mortgage
limit,
quarterly! dividend of
$2.25. per share on the capital stock, par $100, payable* Jan, 15 to
holders of record Dec. 15.
Distributions at the rate of $9 per share
per
annum
have been made regularly sf.ic-e and-; including>:■. 1922.—f
V. 160. p. 1862.
;'
'■
directors
The
the -fol-»
(exclusive
$37,000,000
thus
47,940,022
.54,005,755,
proposes
the $12,000,000 first
(41
on,,
power output
1
of
total
of
17,524;950 ; 21,988.493
41,650,238 ;122,018,981 '126,926,307
4,885,410
hearings
funds of
together with not more than $6,000,000 cash would be distributed pro
to the first and refunding mortgage bondholders, from? whom
the Atlantic Coast- Liiie would simultaneously purchase 60$
of the
.
1,969,596
40,256,385
——
income—..
oper.
The
/ rata
17,243,131 171,613,750 U55,703,445
9,810,758 100,083,045
85,774,930
—
stock
the
■„
equipment obligations)
(3):New
'.,
18,825,393
10,670,806
6,184,991
revenues—
the
from treasury
$15,000,000 of 4'/a %
4s;
a
•/
of
reopening
a
due 1959.
Capitalization of the reorganized company
( existing
:
1,282,590
564,159
for
in cash
bonds
mortgage
$3,064,461
3,995,671
564,159
profits taxes___—
contingencies-———
other contingencies—T;—:
for
Net
Net
accounts
petition
lowing:
(1) Payment
17,315,131 172,348,687 156.444,445
72,000
734,937 / , 741,000
taxes,
Operating
of
bondholders.
The;ICC previously hod concluded hearings in the case and is now
writing a final plan of reorganization.
The
1944—9 Mos.—1943
J
'/'*"*
r' *• $
(j»
purchase
mortgage
entaged in
Dividends—
18,884,330
rev.-.
58,937
Operating
income
N. J.—New Director
1944—Month—1943
—1
A.C.L.'s
refunding
,
common
revenues
and
reorganization plan covering A.C.L.'s participation was filed by S. Ai
Lynch, the S. A. Lynch Corp. and
Joseph Van B. Wittmann, holders
of a substantial block of Florida's first and refunding mortgage bonds;
15
period End. Sept. 30—
contemplates
first
price
,
American Telephone & Telegraph Co.—Earnings-
/
which
F.E.C.'s
would be $3,600,000 cash, plus other considerations
such as an agreement by A.C.L, to guarantee interest payments ori
•the reorganized Florida line's new first mortgage bonds.'
.- ■ j
A
petition to reopen the proceedings and permit filing of a new
159, p. 1.
•
$2,956,425
1,938,030
plan
the
purchase
Similar
30.
Nov.
Operating
Liabilities—
;Reserves
■from
preferred stock, both payable Dec. 20 to holders
distributions were made on June, 20 and
Sept. 20, last, while on March 20, 1944, only one payment .of $1.75
per
share was made.
Arrearages as at Oct.'1,'1944, amounted to
$33.25 per share.—V. 160, p. 1178.
•:/.> ("/
:
record
$51,463,211 $51,239,038
——■■—
^revamping
share on the 7%
per
of
452,855
payable
Nov.
on
525,537
Total
.
,
declared a dividend of $1.75vper -share
accumulations and a regular quarterly/dividend of $1.75
directors
expenses
——
Accounts
its operations, this
of
Service Co.—Preferred
Public
American
Operating
—
stock
...
1,206,699
charges
has
negotiated an
agreement
for
the
acquisition
of
Coast Ry. through purchase of 60£ of' the latter's
when it is reorganized.
I,
}■
V This was disclosed when the ICC was asked to reopen the Florida
East
Coast's reorganization case
and permit .the filing
of a new
Newark & Essex .Bank¬
director.—V, 160, p." 426, *( 1 f
•/-
has been elected a
ing Co.,
Acquire Florida East
East
common
President of the National
Robert G. Cowan,
t.
(.
■
road
Florida
.
P.
elected directors.—V.
were
14,808,102
40,636
Goodwill
The
..
:-e'- '■/•''/
1,707,065
—
—
v.
v
Corp.—Personnel—
Allison L. Bayles,
Durell. Paul H. Hill/: Eli I.: Kleinman,
McBride, James S. Rodie, Lewis J. Stern and R." Emerson
2,468,064
& equip, (less deprec. & amort.)
14,245,956
amortization)—27,075
companies.
Coast—
...
2,487,104
(note)———
'
4
J. S. Ackerman, David Baird,
Thomas
1,206,699
Other
group
a
.
Investments (at cost or less);
Subsidiaries
$113,380
■/„ f $45,552 ;
1,500 cars on the current
;■
.
Metal frames," brackets, grab irons and the liko
turned out/by the various shop facilities.—V. 160, p.'1962..
; r
}
are
,/.'
10,105,805
—
assets
operators
Doroshaw,
Swart
on
.
Inventories
and
M.
$1.83
was
Dec. 31, '43
tax notes—.
Notes and accounts receivable (less reserve)--Indebtedness of
months
the
the Topeka. shops.
3,177
;
the scope of
broaden
to
move
a
The
Treasury
Other
Corp.
Metals
Sept. 30, '44
u—.——$6,843,204
———-
S.
45,637
61,247
Sheet
Balance
Assets—
U.
'
■
Bearing
nine
share for first
period in 1943.
common
per
against $2.08 in same
22X4H
3,177
2066.
p.
of
American Engineering Co.,
stock.
Cash
$62,632
—
American Insurance Co., Newark,
not
Note—Earnings
in
$0.77
$0.58
exchange
common
as
,
earnings, after dividends of sub¬
consolidated,-•—.
I
for 35,764 shares of Naticna
in
sidiaries
fin
2*23,414
finish
In addition to erecting the cars, much of the materials are fabricated
■
.
,
.
months to
.program."/";"'..;:.-,
335,121
corporationindustrial companies including
Faraday Electric Corp."and Sun (Glow In¬
dustries, Inc.—on Nov.
8 elected E. I. Kleinman, President, J. M.
Doroshaw, J. S. Ackerman and Thomas P. Durell, 4 ViefcfPresidents,
Thurlow E. McBride, Treasurer, and James S, Rodie, Secretary of the
In
owners
Thurlow
$18,589,143 $17,102,949
—
share-—
common
per
-Equity
30_—
160,
At the same meeting,
33,257
Alloys Co., in.-consolidation--—
Earnings
————:
■_
American Industries Management
eompany.
Electro-
including The
by
307,637
17,891,918
surplus—-——--1--
to
128,325
314,790
Surplus,
Surplus,
secured
income.—V.
"Net
$723,188
dividends————
stock
Balance
secured
ten
Atlantic Coast Line RR.~ -Would
deficit
Net
,
1,130,000
dividends '
Common
606,061
$587,317
__■—■———
,
income
Net
—
,
proiits ' taxes
Preferred
—
int.:
int.:
Certificates
Deorqciation
9
161
of indebtedness—.
$447,832
$607,263
335,121;
$499,241
335,121
Gross
Unconditional
$2,459,249
subsidiaries nut consolidated—
irom
.
and amortization of $12,etc., $4,052,682; deferred
Liabilities—Accounts payable (including $781,815 relating to costplus-fixed-fee contracts), $2,509,524;
accrued liabilities (including
$879,253" relating to cost-plus-fixed-fee. contracts), $1,731,101; contract
advances <U. S. Government), $2,075,000; Federal income and excess
profits taxes accrued, $4,865,032; dividend accrued on preferred, stock",
$57,164; notes' payable due 1950, $577,400; reserves for insurance.
yolume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4335
2179
'
Bendix Aviation
$404,597; reserve for pensions, $700,755; reserve for contingencies,1 in¬
cluding renegotiation , of war pontracts and post-wai' adjustments,
$759,169; '5% cumulative convertible preferred stock (par $100), ■;$(>,-
859,700"; common stock (263,9$6:25 shares, of nb par value), $8,797,875;
capita), and paid-in surplus$1,037,710; earned surplus, 1 $6,567,895;
total, $36,942,922.
7
j
' i
■
" ;, ' i
•„
j
,i
'
Note—Included above are net current assets in Mexico of AtlasMe
Mexico. (3. A„ amounting to $186,700,
r
«
,
:
,
William
General
Manager
the
of
Corporation's
"
A
,
The notes payable are non-interest bearing and become payable im¬
mediately in event of termination of certain contracts, hut termination
of such contracts prior to maturity date of notes may result in credits
which would be applied- in partial liquidation of said notes.
1 .
18,587 unissued shares are reserved for sale to employees.—V. 160,
p, 1075.
/v;
:<) '
(net),
announces
-
der
has
issued
Commission.
•:
;
...
invitations
have
■
notes
be
will
forwarded
been
cluding banks, insurance
The
companies
issued
bids
Notes—
on
Years Ended Sept. 30—. i,
under
to
sale
Gross
■
■
has
authority to
the
the
change
Belt
Other
form
the public or
a.'
of
control
without
i.
i
'
„
--V.
Roy
White,
B.
for
President,
'
,
-
Commission
i
tvt
connection
with
the company
that
the company's
,
:i. ;
v
.
Baltimore Transit
7-/ \7
,'.y
;'r.V
.
Co.—Earnings—
..
.
/T
*
mu
;
-
„
1
346,808
.
C1H1
Operating income
6 481
o.tox
Non-oper. income
Gross income
Prov.
for
,r.
4 529
3.446,803
■
special
(incl.
—V.
^
$349,871
;
•
101.344
V
$357,809
:
'
.
„.,
$185,993
3,871
75,822
$1,460,871
34,837
.679,026
'
to
7,;\7-7
$106,300
$747,008
$1,107,587
sinking
and
u.-n
man
50,000
$102.124,.
$56,300
■
1044
1!
Net
Operating
1943
$195,233
$180,786
178,702
171,280
■
.
deductions
$23,972
12,540
832
Y7; 502
p.
'Net income
$10,599
$12,193
w—
■■fS:
Cost
„
due
Sept.
15,
which
1969,
1859,
4:
of
Aircraft
of July
The
share
Corp.—Novel
New
Housing
$1;073,826
$1,979,278
498,683
entitled
are
for the
accounts for
the
year
be.en
fixed
year
as
registered with
13
the SEC
$12,500,000 series A
Co.—a holding
$6,858,600 of
due 1951.
' '
•
borrow
160,
$3,500,000 with
Resumes
of America
Corp.
be issued to
notes to
2068.
p.
Payment
of
the
Nov.
on
14
declared
a
cash dividend of 50 cents per
of
1943
common
Dec.
On
stock
common
the
on
for
paid
company
each,'
usual
'The
13.
the
said
quarterly
each
79
shares
four regular
issue.
dividends
of
common
quarterly
of '$1.18^4
per
cash
share
stock
held.
dividends of
on
the first
atOfTr
ud «7S-•
<inrl
npr
preferred stock, $4.75 series, and of <S1 tr per shoM nn fhr? V'!- epoonnl
of $1.75
Share on the 7'> second
preferred stock were also declared, both payable Jan. 1, 1945, to
holders of record Dec. 13. 1944.—V. 160. p. 2068.
,
650,171
276,000
' 571,185
$2,697,443
1,105.350
'
$747,949
$1,349,926
$1,592,093
would
be
$803,086.
'
,
.-
•
recommended by the examiner proposes, the following
per $1,000 of claim, including
interest to Jan. 1,- 1944, the effective date of plan;
Chattanooga, Rome & Southern 5s, $461.20 cash and $564 new
divisional bonds of a clpsed issue or .an extension of the presently
outstanding bonds for 10 years at 4(V interest rate;
Chattaneogri Division 5s, $35.20 cash, $301 new first mortgage
bonds, $610 new income bonds, series B, and $457 preferred, stock,
The
plan
treatment
$3,036,886
1.430,969
w
; * ^Determined
iri, 1944, of costs incurred in 1943 on war contract
skills,: tools, and facilities of the plane-producing industry for the: first:
terminated in March,.1944.
time, were announced on Nov. 13 by this corporation, the International
|Special credits and charges (net) include the following items;
Association' of Machinists (AFL), and Dymaxion" Dwelling Machines
Inc.
The firsf prototype of such an autonomous house, is now under
: "•
1944
1943 *
$276,000
$945,000
rnri'strup.fcinn in Wirhitn
.Reduction. U1;.rp$erye for,dPUbtfui accounts —construction 5,1 Wichita, Kan.; pf Beech Aircraft Corn ' '
at BfiPrh Aircraft- Corp
Credit lor refund claim for prjor years' Federal
;
According to John P. Gaty,..Vice-President and General Manager of
taxes on, incoipe—-376,185
Beech Aircraft Corp,, the company had been looking for a post-war
Prov. 'for post-war adjusts, and other conting...
pr750,QOO
■product which could utilize the Beech plant, personnel and technology.
R, Buckminster Fuller, designer of the dwelling machine and Chair¬
balance'
$276,000
$5.71,185
man of Dymaxion, Said, in
part;
'
1 '
"The D-32 Model Dwelling Machine is not the old bpx-type house
Business-^-Company is a corporation organized in Delaware Pee- 31,
; 1907V
Company rprincipally engages, in trie manufacture and sale of
of-heavy tonnage built on'the site. Nor is it a prefabricated -papcl
house.
bowling alleys,'.bowling supplies,: billiard and pocket billiard tables, and
■-, ■_
"
"Builf chiefly of .aluminum, steel, 'rubber and...plastics,, the', dwelling
(billiard supplies, t
1
'• ' •
:
Reorganization Rec¬
the ICC by Examiner—
■
$3,467,855
386,333
$1,428,912"
to
A plan of reorganization, calling for a reduction to $68,182,343 in
capitalization, ha^ been recommended to the Interstate .Commerce
Commission by Examiner Walsh. :■ 1
'VV.
V
Total capitalization on Jan. 1, 1944, was $86,518,382, and accumu¬
lated unpaid interest on debt amounted to $28,453,226.
Annual charges on the new capitalization, ahead of common stock,
,
267,643
$858,282
and
investors.—V.
t:
132,376
'
stock
company's
.
578,747
219,482
Total surplus--:,——
this
the
.
directors
on
cents
:
.
$2,756,732
355,086
Plans for the mass production of "dwelling machines"—a new type
housing whicl) will utilize aircraft technology, aircraft materials,
has
Nov.
ommended to
147,481
inc._-
..
together
bonds
record
50
Years Ended Dec. 31——'-.f
$443,158
on
of
when
.
Central of Georgia Ry.—Plan of
4,628,918
tSpecial credits
Project,
31,
stock, no par value, payable Dec. 31 to holders
March 31, June 30 and Sept. 30 of this year
payment-of the dividend on this class of stock was at the rate of ono
V'-/"
f
3,470,.664
,
March
on
company's equipment purchase obligations.
time, Washington Railway & Electric
In
1,953,746
taxes-
issue
this
and
Celanese
12,151,793
" 5,888,298
Balance before
on
Common Diivdends in Cash—
31, 1944
11,729,603'
Pro v. for taxes
Beech
as
11,323,149
^Reimbursement
disbursed
were
holders
the
.
1945,
institutional
plic. to prior yrs. (net),
Shetler, Vice-President in charge of operations, announces
the appointment of John P. Fleming as General Manager.
"
Mr. Fleming has for the last 14 years been associated with American
Locomotive Works at Schenectady, N. Y.—V. 160, p. 1859.
extra dividend of 25 cents per-
an
the
value, both payable Dec. 31 to holders of record
amounts
company
mortgage
6,302,493
Glenn W.
:
At least $3,720,500 of the.4%
bonds are to be redeemed with pro¬
from the sale of Capital Transit's new bonds.
Washington Railway also proposes to retire $160,245 of 5% 50-ycai'
first mortgage bonds of a subsidiary, Washington & Rockyille Ry, of
Montgomery County (Md.).
Washington
Railway
proposes
to
transfer
to
Capital
Transit
$2,500,009 of the Washington & Glen Echo RR.'s 6r/c first and second
issued
are
sold——
profit-™;
■
Int., etc. inc.' (neti_—
Credits and adjusts, ap-
B^tripm Steel Corp.—New General Manager—
'
,
At ;the. same
July 31,'44
1943
1942
1941
$8,099,397 $15,867,639 $18,337,799 $20,796,823
Gross
15.
first
'the
:
Sell., gen. and adm. exps.
$7,643
-V. 160. P. 2067.
•
of goods
1
.
ceeds
I Mos. End.
sales---i_^„^-l:-_
Net
1944,
9,
accrued interest
refunding mortgage bonds, due 1964..
: .
with a $2,500,000 bank loan, will be used to
refund indebtedness of subsidiary companies and to pay a portion 01'
1964.
Summary of Earnings
,-U
$20,637
7
quarterly
which
Proceeds,
,
'(Z-yj-
•
Capital Transit Co.—Registers with SEC—
The
4%
■_
•
■
.
company of Capital Transit—filed a plan to x*edeern the
its outstanding 4five-year consolidated mortgage bonds,
debentures,
12,491
703
.
.
Bank & Trust Co.,
prior to. Dec.
the date on which interest in
respect "of. the-year 1944 wiU be paid to the holders of income funding
rights of record at the close of business Dec. 3.1, 1944.—V. 160, p. 1396.
4,245 shares hekl in treasury, of which 300 shares are
subject to option to certain officers and directors.
18
$24,420
11,524
income
■; Gross
Interest deductions
Other
$20,637
$23,954
23
Non-operating income
ah-
quarterly dividend-of 25 cents per share on
be. determined
March
^Exclusive of
$24,398
revenues-.
•,
to
will
1944
Outstdg.
$5 preferred stock, cum. (no par)—26,681 shs.
26,681 shs.
Common stoCX-(no nat*V.''LI'.
'
'
' 5RO.OO(i.shs.
Common stock (no -par)—550,000 shs. .*445.755 shal
*445,755 shs
160,150
Like
•
regular
dividend
of
1942
$203,100
usual
have- been closed.
.
Authorized
,
10,
this year, and in each quarter during 1943,
dividend of $1.75 per share on the 7'/o
cumulative .participating preferred stock was also declared, payable
Dec. 31 tb": holders of record Dec, 12.
The amount of participating
-
^
Capitalization
-
bonds
together with
price,
1965.
Nov. 14 declared
on
the
stock, no par
12.
share
Years Ended Sept. 30—
Nov,
ori
30 and Sept. 30,
The
Bensinger in equal amounts of 15,000 shares.
Operating revenues
,1—
Operating revenue deductions^
redemption
160, p.
Dec.
Brothers and Goldman, Sachs & Co. on Nov. 14 of¬
Bangor Gas Co.—Earnings-
full
June
$21% per share 30,000 shares of common stock
(no par.)
The offering does not represent new financ-
1627.
and
common
fered at
550,000
director,
a
Canadian Celanese Ltd.—Extrq Distribution—
$557,587
$747,008
the
1944.—V.
9,
aforementioned
surrender
The directors
,;j"'
'
rx
^
160, p.
receive
share
Brunswick-Balke-CoIIender Co.—Stock Offered—Leh¬
war
—
fund
outstanding.—V.
and
Co,, Chicago, 111.; or at the Chemical
York, N. Y.
Dec.
7,7 .'7; 77' ■\;v :-\:
.'The New York Stock Exchange has authorized the listing of $30.-
A'/o
Vice-President
1944—10 Mos.—1943
000,000 general mortgage sinking fund bonds, Vk'/v, series due Sept,
15, 1969, which are issued and outstanding ailcl $12,000,000 25-year
$1,836,287
34,837
693,863
Armfield
Holders who
$4,977,546 $39,295,739 $34,469,059
'
M.
Bank & Trust
101,343
Brooklyn Union Gas Co.—Listing—
■
35 726
w--
60 558
accel.
:
160, p.
-
operated under "lease.t-r-V.. 160
;
:rv
\
v
/ Balance
.
v.-1
,
:
have been called for redemption on Dec. 9, next, all of the
outstanding first mortgage i'k bonds, due 1966, at 1Q5arid interest.
Payment will, be made: at the. American JTr'usfc- Co., trustee, San Fraqcisco, Calif., or, at the election of the holders, at the City National
The company has kpplled to the ICC tor autnority to purchase the
;
•■;14nn^
$102,124
depreciation)
,
'
3,375.744
.
3,871
75,131
income
reserves
■
•
-
$181,120
_..i.
Infc, on series A debs-_
Net
• '
13,551,503
13,542,725
1,476,693
•
—
charges
'
1944—Month—1943
7;
1731.
1965.
California Oregon Power Co.—4% Bonds Called—
;
$5,835,027
p.
There
'
.
Operating revenues ww'. $1,
Operating expenses
1,481,760
Taxes
'
341,409
Fixed
3,345
$4l]L,7S0
101,343
™
\
(I»UT-co:r.pany Iten.s t!in-.in»t;d)
36—
8,288
,
Boston & Maine RR,—Would Buy Concord—
,
^
(Including The Baltimore Coach Co.)
Period End. Sept.
247,481
^
1.75'J"V. 160; p. 1962.
:
237,782
1727.
—
160,
357
$613,635
dent of Norge.prcduction of ranges will be concentrated at the
Effingham plant. He added that he thought it "quite probable" that
Norge would have to expand the plant in order to meet expected
high demand in the post-war period,
.■> 7
Explaining that a complete reconversion job would be necessary,
Mr. Blood' said that. Norge would make every effort to reduce the
time lag between cessation of Vulcan operations and the start of
Norge production at Effingham. ;; i v 7" 77 7
s;
Acquisition of: the plan, he said, was part of a program contemplating the conversion of the- company's various plants, including
those in Muskegon Heights, Muskegon and Detroit to single-purpose,
straight line production.—V. 160, p. 2067. ■
'f';
;
purchase of ten 1,000h.p. Diesel switching locomotives to be built by the Baldwin Locomotive
Works for service at the railroad company's Baltimore terminals.
Mr.
White said that of the 14 bids received, ranging more or less evenly
tTom a low of 1.68'w to a high of 1.9557 six named rates less than
■
780
$595,941
The Norge division on Nov. 3 announced that it had exercised an
option to purchase the Effingham, 111., plant of Vulcan Corp.
if final agreement to buy is reached, said Howard E. Blood, Prcsi-
•
x
an
in
3,502
Bprg-Warner Corp.—Norge Division Expands—
Equipment Notes
on
announced
9
$613,278
New
158. P
—V. -160, p.
•;
i
Nov.
on
$595,161
26,824
Sales;
Philadelphia National Bank, of Philainteivst fate of 1,68'/)- on $706,500 principal amount
of equipment notes, series F, payable in 30 quarterly instalments.
The
notes will be issued subject to the approval of the Interstate Commerce
.
Britt
2,392.433
$672,216
.7:--
$19,385,122.—V.
pounced "the formation of Burlington Mills of Australia, Ltd.,which
will weave rayon and other synthetic fibers,"
Under a plan worked out with the Commonwealth Government arid v,
group of Australian business men headed by Robert J, Webster, ,thi(i
new
unit has leased
a Government
munitions plant at Rutherford,
near
Newcastle, Australia.
This plant will work on war material
for the duration but will switch to civilian fabrics after the war,
:
The new organization has also taken over Tapitex, a going concern,
which normally made draperies, tapestries and upholstery fabrics biW
which recently has been manufacturing blankets., and other woolen
goods for war purposes.—V. 160, p. 2068.
v •
$3,005,712
2,616,569
deductions
dividends
total,
'
will
had accepted a bid made by the
deiphia, Pa., of
$3,211,730
2,632,405
Net income
Toledo & Cincinnati RR.,
Ry.
The B. $ O., which
proposed transactions"merely
any change in relationships to
the
employee conditions."
-ni.
x
said
'
..
Bqrlmgtoix Mills Corp.r—Forms New Unit—
.
$675,718
237,104
Period End. Oct. 31—
Commission
Commerce
Accepts Phila. National Bank Bid
■
Z)r$41,469;
Bond Stores, Inc.—October Sales Up 17.2%—
Interstate
stock,
$3,304,621
deductions
Freferred
properties of the
and the Lima Belt
Ry.
companies'
the
the
the
acquire
Hamilton
owns
asked
1942
income
Interest
and
consecutive
agreement
Seeks to Buy Rail Properties—
road
.
payable,
$586,854; ..customers' deposits and
$175,995; accrued salaries, wages and commissions,
accrued State, local and miscellaneous Federal taxes, $163,Accounts
—
000
shares, no par), $4,500,006; ^ capital surplus, $4,033,574;' earned
surplas, $5,683,497; common Stock in treasury (4,245 shares, at cost),
'
•
assignment, dated Dec. 1, 1944, and will mature in 30
equal quarterly installments, beginning May 1, 1945.
The proceeds acquired through the
issuance of these notes is to
be applied to the purchase of two new 4,000 horsepower Diesel pas¬
senger locomotives ta, be acquired from General Motors Corporation.
Delivery of these locomotives is expected to be made in January, 1945.
The
to withdrawal un¬
as
.
1943
operating revenues—.;
Non-operating income.
62
conditional
•
accrued Federal faxes on income, $695,191; reserve for post-wav
adjustments and other contingencies,
$750,000; $5 preferred stoc.Jc,
cumulative (26.68J shares, no par), $2,668,100; common stock (45Q,-
.
.
1944
Net
prospective bidders, in¬
other institutional investors.
and
a
fee
balances,
$T68,004;
-Earnings-
.
Operating .revenues
Operating revenue deductions-
;
on
7;.,7;
'
The
for
request
a
(includes $1,348,242 restricted
$19,385,122.
Liabilities
credit
.
.
Birmingham Gas Co
proposed issue of
promissory notes; Series E, in the amount not exceeding $632,351
principal amount, subject to the approval of the Interstate Commerce
company
fixed
terminated
under
refund of prior years' Federal
refund of prior years' Fedora
present exchange regulations), $1,795,219; deferred charges, $159,-
total,
■
<
appointed transfer
*:
Baltimore & Ohio RR.—Request Bids
notes and accounts, receivable
378;
agent for the common and preferred stocks.
The
»
United
$2,046,055;
766; property, plant and equipment (less reserves for depreciation and
amortization of $1,823,151),
$2,597,315; patents, goodwill, etc., $1;
.
Automatic pialing Corp.—Transfer Agent—
reimbursable
amounts
and Argentina
ico
.
The First National Bank of Jersey City has been
deposits,
taxes on income, $376,184; net current assets in Canada, Brazil, Mex
.
.
$3,708,151;
1944
Sheet, July 31,
demand
.
785; inventories,, $3,672,498; • claim for
785b inventories,, $3,672,498; claim lor
.
&
r>
and
.
contracts, $741,147; claims under war contract terminations, $353,
war
that 'it has filed
an
application with the
Bigelow-Sanford Carpet Co., Inc.—New President—
Exchange, Commission for registration of its common
James De Camp Wise has been elected president to succeed the late
stock pn the Ngw Yorlf and Philadelphia Stock Exchanges.
Company
John A. Sweetser.
He will assume his new duties on Dec. 1.
Mr.
is also filing applications for listing with these exchanges. .
,•
Wise. has..been General Counsel for Bigelow-Sanford since 1932.
He
Company has 485,310 shares of common outstanding in the hands
became .a member, of the Board of-Directors in 1939, and a member
of approximately .3,000 stockholders.
Growth ' qf its business is refleeted in the fact that, net sales for, the 9 months to Sept. 30, 19^4,
of ;th.e Executive Committee in 1940, currently serving as its Chairman,
totaled $42,571,957, whereas met sales in the full year 1935 amounted
At present.a member of. the law firm of Wright,: Gordon, Zachary,
to- $7,965,822. • Total' net 'sales
in 1943 were $85,801,039.—V, 160, ■{ Parlm. and CahUl, of -New York, he will resign from that firm when
inTu
he
assumes : the > Presidency
assuiqes the Presidency of Bigelow-Sanford.
of BiaelowrSanford.
p. 1075
Mr. Sweetser, who had been President of Bigelow-Sanford since 1927',
died in August of this year.—V. 160, p. 1076.
Company
Securities
hand
on
States Government securities, $3,935,000;
.
.
Autocar Co.—To List Its Stock—
Assets-r-Cash
,
Bendix
Radio "diyision/, on Nov, 13 announced the appointment of Leonard C,
.Truesdell, who has been Sales Manager of Crosley Corporation's radio
and appliance division, as General Sales Manager for the line of home
radios which Bendix plants at- Baltimore, Md.,, will manufacture and
mar^et as soon as the. military situation permits.
Introduction of the Bendix line Of AM and JM radios and radiophonograph combinations, the corporation's first announced ' ventule.
into the consumer field, will be backed by an aggressive merchandisr
ing'campaign,1 MiV.Hiliisrd. said, based upon national and newspaper
advertising.An intensive promotional program Will dramatize how
the company's advanced engineering contributions to precision
air¬
craft: radio and military, communications' will be. reflected: in its new
home radio line,, it was stated.—V. 160, p. 2067.
;
;
Consolidated Balance
:
Corp.—New General f>aleg Manager—-
Hilliard,
series'
f
as
of
existing security holders,
A;'
First
mortgage 5s
of 1945,
'/
^173,20 cash, $769
new
first, ntortgago
bonds, and $403 new income bonds, series A;
Consolidated
cash, $132 first, mortgage bonds,
$457 income Bs, $699-preferred stock, series B, and $257 common.
stoo|;;Refunding and general mortgage 5)4s, $2.85 cash, $20 first mortgage
bonds, $33 income Bs, $55 preferred Stock, series B, and $446 common,
v.
.
mortgage
5s,
$40.95
.....
.
,
stock;
.
,
.
■
■.
.
machine
is
the
first
house
.-justify-'mass production.
'
high
enough in
'
performance standard to
"The
-
dwelling machine is composed of unit's capable of ftSsemblyline production in atty modern aircraft
factory.
-"Assuming equivalent floor area, it can be shipped hr less than- o.nequarter the space now used for shipping materials for an ordinary
house; Or in less than one-half the space used in shipping a-pre¬
fabricated house.
"Its-parts, including foundation, can be asseiribled on the'site, with
the house ready for
occupancy in a matter of - hours, not weeks Arl
months."—V, 160, 'p.. 1627.
)"
1
'
.•' '
,,
South
Company's : manufacture
.
.
and
fountains;
billiard
All of " the
ai<
a.
commercial
manufacturing operations-Of.,(Hi company are carried on
Plant. located in Muskegon, Mich,
'
-
—
.
.
....
-
and
,
ations fn
mortgage
*
bonds;
Central RR,
& Banking Co. 5s; $303.30 cash
(including $200 already
distributed),
$432 first moitgage bonds.
(This is distribution on
unpaid principal.);
'
'
Augusta & Savannah capital stock, $520 first mortgage bonds and
.
$575 income Bs;
Chattahoochee & Gulf capital stock, $750 cash;
South Western capital stock, $424 first mortgage
income
establishments.
:
Refunding arid general mortgage 5s, $2.75 cash, $19 first mortgage
bonds, $31 income Bs. $53 preferred stock, series B, and $431 co?nmon
stock; '
" '
v
First preference income bonds, 5s due 1945, $1,000 cash;
Second preference income bonds, 5$ due 1945, $1,000 cash;
Third nreference income bonds, 5s due 1945, $374 cash, $626 first
series
bonds and $341
Bs;
Mobile
A.
Division
5s
and .$2.50
due
$250 income Bs,
stock;
1946,
common
$500 preferred stock,
(Telephone: State 0613):
February 25, 1942, at the post office at Near York. N, Y„ under the Act of March 3. 1879
Subscriptions in United States and Possessions. $26.00 per year; in Dominion of Canada, $27.5? per
Central America, Spain, Mexico and Cuba, $29.50 pqr year; .Great Britain, Continental Europe (except Snain), Asia, Australia arid Africa, $31.00 per year.
NOTE: On account of tne fluctu¬
exchange, remittances for • foreign subscriptions and advertisements must be made in New York funds.
_
class matter
year;
and sale-of bar fixtures gnd accessories,
refrigerators, tpilet seats, and • bases., for
.sriower stalls has' been discontinued due to manpower and material
shortages-occasioned by the war.
Activity of any of the products
.referred to may be resumed qr discontinued ip the post-ww period,
depending upon future developments,
.
:
Company purchases from others and resells various bowling and
billiard supplies and also furniture adaptable for use \\\ bowling alleys
;
'soda
;
.
the rates of
& Northern
Macon
$250
1&46,
5§L.dup,
"■
$250
common
&■ Atlantic
stock;
•'
Oconee
Division
5s, due 1945
and
Georgia
stock,
preferred
$750
bonds,
"
'
ings
■
,
series B,
•5 'w
Purchasers—The
Name—.;!
Operating
revenues
3,720,230
exps.' & taxes—
■"Oper.
ilicome—r
-
Net
oper;
;
$17,288,469
13,277,191
$907,110 ''$1,084,663
v
income
Gross
M.
Int.
452.119
453,486
r
$462,482
$635,096
&
Farwell,
income
"<■ Includes
$2,215,859
profits taxes.—-\r. 160, p. 1628.
Federal income and excess
A'-vAA.
1944.—-V. 160, p. 1628.
$6.40 per share as of Dec. 31,
Co._..-
Newton
Co.__
Field, Richards & Co,_
$1,450,763 $17,225,457 $16,858,476
677,595;
7,765,718
7,200,378
138,352
1,683,211
1,641,061
A
17,931
238,383
214,789
$1 488,071
Operating expenses
713,175
Taxes (other than Fed.)';!
135,404
Operating
-3—
revenues
—
Portland
under
Rental
RR. lease
Thomas
&
Wecden
$619,565
Non-operating
$7,538,145
122,418
$616,885
9,622
income
oper.
7,941
income-
R.
of
D.
<fe
$629,187
'
$624,826
$7,660,563
>■■!- 199,193
2,180,148
E.
Inc.
A—-A'
>
Pfd,
74,097
57,755
1,272.784
A
$289,721
$256,566
requirements-
div.
111,820
111,820
—V. .160., p.
1732.
961.664
1,020,745
895,334
67,427
income
Net
74,714
prof, tax
exc.
r-
Dec.
Evans &
A.
Corp,
nation-wide " underwriting
The
&
bonds
awarded
were
14
Nov.
on
102.30.
of
bid
a
Two
A,
Mitchum,
Co.
!■'/<••',■';A
■'
associates.
and
■
Oct.
be
in
1,
registered
in
form
of
in
or
Bonds will
the
part .at
$5,000
$1,000,
operation
prices.
Use
debt
a
,
■■!;":•■„•,!.
Proceeds—Net .proceeds
of
merited
of
,'•!"
v
■
(estimated
at
to be obtained from
borrowings, are pro¬
posed" to be; applied towards' the payment' of the respective principal
amounts of the following bonds on or about Dec. 22 and Dec. 30, 1944:
(estimated
other funds
by
cash, resources
the
of
Redemption
'
'
General
mtge.
3%S,
1962—_A $45,000,000
General
mtge.
3 %s,
1965——
AAA'
,
June 30. '44
■
Oper.
Operating income
Other
56,234
53,521
,/
$5,503,377
100,000
:
:
receivable
receivable
; ;
.
100.000
! ,>,
&
Co.
85,336,185
$5,557,696
2,689.599
2,689,891
2,696,390
Int.
chgd.
construe.-.
Drl'22
Cr2,270
Crl6,089
other
deductions^-
210,566
195,512
230,809
-
$2,453,052
$2,646,586
long-term debtto
inc.
Net
,
income
The-annual
•
$2,455,457'
interest
requirements on the
standing
completion
immediately upon
proximately $2.072.000.
'
long-term
100,000
the
of
,
Giving Effect to
Capitalization
financing
■-!.!.
,;1V, '''
-
This
'!-!';
\
mtge bonds. 3% -series, due Oct.
Northern
and
-New
York
refunding
■"Series
A.
Utilities. - Inc.*
.;!- •
bonds:
May 1.1946 (7%
■"Series B, due May 1, 1947 (6%
■"Syracuse Gas Co.
■"Syracuse
"Utica
Lighting
Gas
&
Electric
Co.
ref.. &
'
ap¬
J;
;j
;-
,
i:
of
(less reserve
companies,
!
1,944
•:
-
000;
;
ext.
mtge.
:
5,000,000
5%
series
stock
"Denotes
(no
non-callable
Outstanding
292,584 shs.
($100 par)____..
pari
251,584 shs.
2,350,000 shs.
1,331,358 shs.
issues.
Organization
and Business—Company was organized in New York
1937, by the consolidation of 12 constituent corporations into
Niagara
Hudson
of
the-
Corp.
Central
Company
is
public.
The
service,
or
in
engaged
Franklin,
territory in
both, is located
Fulton,
to
conducted
which
gas
solely within
Electric and gas operations of the
company
the State of New York and include sales
consumers.
Company
industries,
among
the more important of which
and paper, copper, textile, steel, and chemical indus¬
The total population of the area, including rural territory, in
the company renders service is about 800,000.
pulp
in 1943
revenues
electric
were
Simplification
Niagara
operating
20.61 %
Hudson
revenues
were
79.39%
of the company's total
of the
Power
corporate structures of
Corp.,
planned
or
and
operating
certain
under
gas
operating
revenues.
subsidiaries
consideration,
of
may
-;;!,;
1943
/
K/V,--; V'-A;
1942
$123,812
$107,071
19,469
22,267
V-S138.654
1941
.
$79,124
24,796
26.103
$82,275
$101,545 :
$1.38
com.
$53,016
for
Federal
$1.01
taxes
on
$0.53
$0.83
(estimated)
1943
year
100,000 shares outstanding.
*
of
•
f
U. S.
Government bonds (at cost), $127,400;
departments-—manufacturers,1, $4,400; ac¬
(factoring
A
A A.
'
(less
(100,000 shares of
premium
$892,810;
no
;-..! .!'>
!:
■
par
value), $2,000,000; capi¬
stock
preferred
on
earned
reported
as
surplus,
for
that year.—V.
Certain-teed Products Corp.
160.
p.
2048.
,
(& Subs.)—Earnings—
(Including Wholly Owned Subsidiary
9 Months Ended Sept. 30—
•
Companies)
:1944
'
1943
discounts and allowahcesVA $15,638,543 $14,406,042
of conversion costs
89.449
67,185
(loss freight,
Sales
flO'/>>
of
430,606
394,335
'$131,533
;AA,-:AAA:
13,043,048
$1,229,023
profit
.
8,798
income
470,804
7,939
"*
$951,436
277,679
214.610
A__AA_______________A___„A__,__—; $1,506,702
Miscellaneous deductions „„A—
40,740
$1,166,046
Cost
$603,375
1,112
14,009,204
Total
$2,336,497
1,733,122
$120,159
1,364
etc.'
480,967
operating
-1944
$525,868
goods sold,
Depreciation (buildings, machinery & equip.>_■
Depletion (gypsum and gypsite depbsits)—«A
Co.—Earnings-
$550,765
—;„:.,AAA__L....AL $15,727,992 $14,473,227
Total
Cost
abandoned
of
on(5%
United
28.754
290,995
excess
ana
301,233
349,000
debentures___________________.
income
for
Provision
A
212,857
plan of recapitalization-™
4,531
Interest
245,732
profits taxes:
States
114,775"
A
Gross
Income
Fed.
for
Net
A_c_______——~
income
deductions
Amortization
income.'
Dividends
on
of
$132,645
$607,906
49,986
233,378
2,984
3,978
24,400
43,356
$55,276
$121,523
$327,194
20,958
83,832
77,122
_—___________
:
intangibles—_—
income
A
taxes_______
$112,402
—
preferred
>Cr68,6b6
20,958
shares____,
,
Excess
applic. to corn., share's^.
$34,318
$91,444
Net
principal amount, over cost of
purchased during period——;
121,578
defined
"As
under
Add 6%
$100)
and
31',
in
annum
rate
of
announced Nov.
at
from
3%%
Aug.
pel1
1,
Dec,
Sept.
1944,
annum,
to
was
Aug.
1,
declared
1949,
and
operative
the
at the
board of
1944
30.
,,
net
credit
Sept.
30.
shares,
.
par
—
value
$4,272,157
—
,
*
(from
June
30,1936)
at
Sept.
—V.
160.
p.
surplus for the nine months ended
1944
Deficiency in
30.
494,350
earned surplus
1944—
2068.
374,642
;
702,583
to
'
•"
$2,773,599
$1)
______
1943
thereafter
by
'
31.
Deduct
.
,
1,873,200
(374,642
in;'earhed Surplus
Deficiency
15 that the offer of exchange,
The
1941
—
therefor.
exchange
Earned surplus:
dated Oct.. 24,
1944, addressed to the holders of the first r.ef, mortgage 4%
gold
bonds, -to exchange
therefor, first and refunding bonds, series A
(guaranteed by Southern Pacific Co.), to be dated Aug. 1, 1944, to
mature
Aug.
1,
1974, to bear interest at the rate of 414
per
was
'
1943——*
stock
common
Balance
Central Pacific Ry.—Plan Operative—
It
ccntract. with
Sept. 8(1,
Account at
prior preference stock (18,732 shares, par value
received under terms of plan of. lecapitalization
issued
profits taxes for the year 1944.—V. 160, p. 621.
Cr2,670
$471,418
canceled
Deduct
of .the group which joins in the filing of consolidated Federal
returns!
there will be no liability for Federal income or excess
member
Dec.
at
Balance
Surplus
A.1-"•
Capital'surplus;
provisions made during final quarter of 1943.
Due to deductions in
1944 resulting from (a) refunding of bonds by the company and (b)
losses sustained on sales of property by an affiliated company (another
Dr3,985
$494,350
manufacturing. facilities
Consolidated
"$243,362
adjustment cancels provisions made during first half of 1944.
Amount of $43,356 for the 12 months ended Sept. 30, 1944, represents
$468,748
Corp.
:
1
$498,335
de¬
surplus-,—A_—A-
to earned
credit
Celotex
"This
tax
of
bentures
!
Balance
'A—'
"Net income j.
serves
diversified
the
tries.
or
counties of Chenango,
Cortland,
Lewis, Madison, Oneida, Onon¬
in the central and northern portions
residential, commercial, and industrial
widely
are
the
the
in
Lawrence,
the State of New York.
are
to
Herkimer, Jefferson,
daga, Oswego, and St.
of
rendering electric and gas service
which the company renders'electric
on
change in earnings
Service
Corp.
On Sept.. 15, 1937, the name
was
changed from Niagara Hudson Public Service
New York Power Corp.
company
to
—-~
Inc.)
;
Prov.
July 31,
Public
—
.
.
stock
common
surplus
$59,628),
,
4,4^,000
Authorized
Pfd.. stock,
Common
!
•-
,
Operating revenue deductions______
Operating income'
Other income V-A
'
,
reacquired, amounting
$27,338;
total,
$4,828,019.
Note—Under the War Profits Control Act, as amended, sales made
directly or indirectly to the U. S. Government may be subject to renegqtiation, if profits thereon are deemed excessive.
Renegotiation
proceedings for the year 1943 have been completed rsulting m no
12 Mos.
1,293,500'
;
,
1944—3 Mos.—1943
revenues !_—__________
1944
..■'!■■.
to
"
2,500,000
telephone
the
-
,
tal
2,500,000
2,500,000
of
payable "(banks), $400,000; trade creditors ac¬
payable, $121,840; due.to factoring depts.—manufacturers and
jobbers,. $1,200,316; accrued - wages—taxes^-commission
(estimated),
$47,730; Federal income tax (1943), $22,935; provision for Federal
income tax 1844 (estimated), $90,000; reserve for contingencies, $25,-
$29,977),! $1,913,098; ac¬
$215,107; interest and
2068..,
p.
Period Ended Sept. 30—
Operating
and -to" dispose
:
; ,
Liabilities—Notes"
Other
1,159,900
3,000,000
10,000,000
2,500,000
-
1951___-
160,
Central Ohio Light & Power
Closed
:
•
plan to purchase the outstanding
a
14.000
counts
par),
$160.288,213.—V.
total,
Outstanding
as Adjusted
!,
Authorized
L-A-Av
1st mtge, 5s, 1946
Co. 1st. mtge. 5s,
1957 A_A—A
5S,
will ,bq
...
1, 1974-i $48,000,000 $48,000,000
first- lien A1
•
•'
J
;
,
.
due
out¬
Financing
.
!:
Gen.
to be
no.
..
Consolidated Balance Sheet At Sept. 30, 1911
$4,828,019.
100,000
'•;■:■';>■;!>'
,
.
"$3,519,025
debt
shares,
bonds,
Y-—V. 160,
receivable, $1,818,029; cash surrender value life insurance, $81,2.05; .inventories (estimated), $385,939; fixed -assets (less reserve for
depreciation), $1,331,770; investments in mill superintendents' homes,
$6,270; deferred charges applicable to future operations, $31,497; total,
:
;
stock' ($100, par),; $26,158,400;'. common stock
$33,283,950; long-term debt,, $62,693,944;.
accounts payable
(trade), $1,285,860; accounts payable to affiliatedccmpanies, $148,850; dividend declared on preferred stbek, $314,480;
customers! deposits, $121,438;. principal amount of funded debt called
for redemption,
$4,364,000; liability, relating to. Stillwater Reservoir
due within one year, $10,508; taxes accrued, $5,027,858;
interest ac¬
crued; $497,975;
payrolls accrued, $260,652; :other current and ac¬
crued liabilities, $206,036;. deferred credits, $407,163; reserve for de¬
preciation of utility plant, $18,248,669; other reserves, $41,708; contri¬
butions in aid of construction, $798,278;
earned, surplus, $7,428,444;
(1,331,358
their
N.
counts
100,000
,
-
AAA
tOn
Liabilities—Preferred
on
-■
< Including Century Factors,
provision
receivable
notes
receivable, $555; materials and siippHes,' $3,709,615; pre¬
payments, $916,982; oliher current and working assets, $42,530; post¬
war refund of Federal
excess, profits taxes,' $503,000; deferred debits,
$1,909,394; total, $160,288,213.
V jA ;
!
"A:
$6,564,921
2,701,782
Crl 15.635
459,743
$5,355,744
Gross, income
Int.
of
Assets—Cash, $441,509;
100,000
dividends
47,035
forward
Service Corp.—Acquisition-
taxes,;: A® 158,123
shr.
per
;,
100,000
& Leach
—AwAAV
A5.Gibs0ni.-U?:->'
-
;
affiliated
from
consist
surplps.
$90,000.
plant, $137,667,935;: capital stock expense, $130,958;
fund accounts, $4,274,747; cash, $7,980,869; United
savings notes (at "cQStf, $1,020,040; notes receivable,
S3,383;'- accounts
Public
dividends
"After
Webster
150,0.00
and
of
after
Utilities, Inc., from the Colonial Utilities Corp.
Sept. 30—
Federal
fEarn.
100,000
,'Weil .&
.
>:!; Balance Sheet, June ho,
Stater .Treasury
$6,517,886
"54,319
' •
V.
&
Assets—Utility
investment
$5,282,664
$5,299,510
-income
Mericka
v
Inc.,-'.!—
counts
3
~
100,000
Arnold—100,000
>150,000 A Geo. II. Willis
; .
100,000
150,000
Woodard - Elwood
&
Co.
Mather
J.
A',"
150.009
';
;-w:.
■
Vermont
profit after dc-prec.
Balance
&%lop-
Morrow
WatkinSj
'150,000
Co...
!-';
owns
Preferred
Inc. •■4—(LrLi---•— i,'!
15o!ooo
Inc.-
&
-.--,!
$34,958,541 $30,964,297 $29,928,030
28,494,553 "29,675,877
25,460,920
23,410,144
deductions—
rev.
Mortis
Co.,
$33,794,033
revenues
Co.,
Inc.
bett,
Win.
Years Ended Dec. 31—— •>
1943
1942
1941
1? Mos. End.
.
Operating
-•
Summary of Earnings
;
V"--
■;
:
'--5,225,000
10414
5,000,000
&
and
on
-;
-
it
and
StokeS. &' Co.,
Walter
150,000
150,000
Marshall—,
$46,800,000
104
S-
Hardgroye_L,
Kidder
M,
of
'•
Net
StiX & CO.
Martin, Burns & Cor-,
Redemption
:
Sterne,
150,000
'
Cost of
Price
Amount
L
..
A.
indenture
accrue
Century Ribbon Mills, Inc. (& Subs.)—Earnings—
100,000
Agee
150,000
&
->
;.
Vermont
9 Mos. End.
100,000
Co
&
Russ
Tcrrey
&
Kalman
through
or,
&
Roster
at $3,336,0001
the company
A■■
Cohu
-Ferris
' jc!-.. ■
>;r:!':;
$48,689,QCOi,. supple-:;
...
to
holders should
payment,
and
mortgage
cease
100,000
& Gardner
Reinholdt
150,000
•
Inc.,
&
receive
;!';
100,000
'
'Co.-—.
roeder,
Atwill
first
will
the voting securities,
property.—V. 160. p. 2068. !,v;
100,000
—
Piper, Jaffray
wood'
&
Lerchen
said
bonds
'
Peters,! Writer &
Christiansen,' Inc.—
&
Arnhold and S, Blelch-
at
on
Wainwright
Almstedt Brothers.—,^
least 30 days' published notice.
upon like notice on any Oct. 1 through
retirement fund at the special redemption
time
any
Kendall, Inc.
200,000
,
200.000
authorized
and
Corp,
200,000
C.
Watling,
be redeemable
also
Co., '
-
H.
multiples of $1,000.
Coupon and registered bonds are to be inter¬
changeable.
Bonds will be redeemable at the option of company as. a
whole
&
Wachob-Bender
form,
denominations
Milhousf Martin & McKnight, Inc.'
Newburger & Hano,_-.
■Nusloch, Baudean &
v- ' Smith
1!—.—
Patterson, Copeland &
200,000
due Oct.
1944;
temporary
200,000
......
1, 1974.
Bonds in the first instance
later exchangeable for definitive bonds.
Interest payable April 1 and Oct. .1 at office, of the trustee or agency
of the company in New York.
Definitive -bonds in coupon form in
denomination of $1,000 registerable as to principal only and in fully
Dated
will
Minton
to
securities
after
100,000
200,000
'200.000
200,000
Sills,
the
;
Central Vermont said it! intends to acquire Vermont Utilities', assets,
,
100,000
100,000
Robinson-Humphrey
a 3% coupon were received; one of 101.6567 from Morgan
Stanley & Co. and associates, and one of 101.55 from Harriman. Ripley
of
the
on
Metropolitan St. Louis
& Co.
Co._;
Co.
Chase National Bank of the City of
first mortgage and indenture of trust
1, 1928. securing the first mortgage and
5% V series due 195j, funds sufficient to pay
Jan,
'
-'Of 4%.
100,000
Mason.
&
Cook
bonds
shares of capital stock,
to be
acquired for $462,000 and a $50,COO promissory note' to be purchased
at the
unpaid principal amount plus accrued interest at the rate,
100,000
V
-
200.000
Securs,
Newhard.
bids naming
&
Tully
Nashville
other
bends
The
with
Company has filed with the SEC
100,000
Inc...
Moran & Co..*.
Mason-Hagan,
" CcaA
Mas ten "
E.
necessary
new
trustee under the
satisfaction
order
The
Inc
Hutchinson
200,000
Co., Inc., offered Nov. 16 $48,000,000 general
mortgage bonds 3% series, due in 1974.
The bonds are,
priced at 103 and accrued interest.' VAU/^AAj -..A .AAA A
Stuart
the
refunding
1860.
p.
interest
All
securities
100,000
Co
&
Marx
Kebbon,; McCormick &
amount
use
and
1180.
p.
2068.
100.000
Co.
200,000
the
first
of
York,
Space
Lane,
Co.,
200,000
Co...A
Heller, Bruce &
Halsey,
by
headed
group
A
—
Pacific
Pacific will
Nov; 15 declared a dividend amounting to $3.50
prior'iien preferred stock, $7 dividend series, and a
share oh the prior lien preferred stock, $6 dividend
deposited
as
Central
■
Hannahs, Ballin & Lee
Offered
-Central New York Power Corp.—Bonds
Central
$50,000,000
with Jan. 1. 1945. and subsequently
maturing interest coupons attached,
to The Chase National
Bank, 11 Broad St., New
p.
-
Mc-Master
200,000
!f
•
the
100,000
Co.
&
200,000
;
.
ex¬
of $10,000,000
1
16". 1944.-.. "•:
In
100,000
1—^—;
Johnson,
200,000
Cleveland
First
treasury for $10,750,000
Oct.
on
per
160.
and
ti*ust.
100,000
Richards*& Co...;.
Hill,
M.' Dain~Co".IllI
J.
.
;A ■v;!
%T.
■
$3,362,525
1,416,043
$3,246,689
1.341.836
&
200,000
the
on
_
Ehrlich-
Wm. P. Harper fy Son
•200,000
160.
company dated
lion gold bonds,
bonds
•
Harley, Hayden <& Co.,'
.Inc.
Loughbridge & Co._
City Securities Corp..
C. C. Colling-s & Co.,
would
interest
unpaid principal amount of the bonds, together With Interest
thereon up to Dec. 16, 1944, in full payment and discharge of the
;
100,000
250,000
250,000
Co.
&
and
the
100.000
100,000
Chanute,
107Va
bonds, due Oct. 1,
The Southern
the
the
first
100,000
Co—1,
&
Inc.,
Exnicios & Co.,
Co.,
:
Ferris
■
-—
,
Stifel,. Nicolaus
on
irrevocably
York,
of
100,000
"
384,104
65,608
37,215
Bosworth,
A—A—A-
!surtax).
Fed.
Clement
•
250,000
Fed. inc. tax (normal &
■
&
$3
New
>' 100,000
Co.
man
250,000
Lilienthal
100,000
Davis:, Skaggs & Co.__
Rauschcr, Pierce & Co.,
D.
of
Cassell
F.
■
2,178,630
;'
amort,
C.
Drumheller,
AA„_
Inc.
at
Central States Power & Light Corp.—To
Pay Bonds—
-Pursuant to a plan of this corporation
approved by the SEC and the
p. S. District Court for the District of Delaware, the company has
lOO'.OOO
Monroe &
Brush, Slpcumb & Co.
John B. Carroll & Co.'
Co.,
$7,907,668
197,325
income
Gross
Accel,
&
Dickson
S.
reimburse
4%. gold
to
for
the
on
issues.—V.
100.000
Co.
Brooke, Tindall & Co.
250,000
lot
100.000
Leary & Co._
250,000
V
by
were
on
$1.50
100,000
300,000
Co
&
while
100,000
'!'.
Brauh,
-
300,000
A_'—v;
Hirsch,
Deductions
300,000
.
Co.—
.Inc.
$7,802,248
105,420
.
Co.—
&
Cruttenden
Net
&
part
payable Dec.
20
to
holders
of
record
Nov,
30.
Like
paid on said issues on June 20 and Sept. 20, this year,
March 20, 1944, distributions of $1.75 011 the $7 stock and
the $6 stock were made.
Dividends are in arrears on both
amounts
100,000
Baum; Bernheimer Co.
Boettcher & Co—,—_
•
300,000
Co., Inc.—
Arnes, Emerich & Co., =';
-
19,927
-
—
Schwabacher
.
Jones & Co.
Barrow,
300,000
Y.,
both
series,
125,000
Bankamerica Co—
directors
Share
dividend of
The Bankers Bond Co.,
300,000
in
or
to
issue.
1975.—V.
1.
The
per
150,000
Inc.-
.
N.
5,
Central & South West Utilities Co.—Dividends—
-
Atkinson*
Johnston, Lemon <fc Co,
is
advanced
collateral
Oct.
150,000
CaboLj—
&
issue
Line, first-mortgage
part
of
150,000
400,000
&1Co.^.i___Ai'A
Hill
Ac 1944—12 Mos.—1943
1944—Month—1943
1
«&
<fc
Moors
•300,000
.
Anderson
''
Central Maine Power Co.—Earnings—
,
Co.——
Ellis
150,000
WurJs. EJulles
Co,.— '
F. 'S.
Yant-is & Co.,'
400,003
Cooley
are
——,
400,000
Mullaney, Ross & Co.,.'
Ranson-Davidson Co.,
Inc.
2,—/>
&
York
Through
1954.
The new
to be sold at l07Va-to the parent
company (Southern Pacific
which
as
Wood
E.
Co,.
X 500,000
'500.000
M.
New
White-Phillips Co.,
Harold
500,000
—
whole
.a
to redeem the old
&
-—.2
as
proposed
bonds
150,000
Milwaukee
E.
Green,
Period End. Oct. 31—
Hattler
Sanford
The
500,000
Street,
$10,000,000 in Refunding—
pended for the redemption at 107%
Co.).
&
Parsons
Haupt & Co
The
;r
,7.
.
Corp,—
William
not less than 30 days' notice.
.Short
150,000
500,000
52
Co.,
bond's
redeemable
The
Wheelock «fe Cummins,
'■'■
u
&
following offices.of Southern Pacific Co.;
165 Broadway,
N. Y.; 65 Market St., San Francisco 5, Calif.; 310 South
Avenue, Chicago 4, 111.-
150,000
U—_
Washburn Co.
White,
Loeb
exchange
6,
150,000
-—i.--—
750,000
500,000
A
A
The directors
on Nov.
7 declared a dividend of $2 per share on
account of accumulations on the $6 and 6%'.preferred stocks, payable
Dec.
15 to holders of record Nov. 20.
This compares with $3 paid
on
Sept. 15, last, $2 on June 15, 1944, and $1.50 on March 15, 1944.
Alter payment of the dividend just declared, arrearages will amount
to
Tyson
Chapman &
Graham,
Ira
$2 Dividend—
Townsend,
&
500,000
Co.
$1,968,348
Siuion
750,000
;
Co..
First of Mich.
Net'
150,000
750,000
Stone ,& Co..
Hayden,
1,806,664
Co.—
&
Merle-Smith—
Dick &
$4,022,523
$3,741,187
1,772.839-
$1,088,582
$914,600-
ether deducts.—!
&
Blair
be
upon
Co.2_
Dabney &
M.
shall be offered for exchange, which¬
'
,
..
:
,
■
offer may be obtained at the
1949,
the
company has asked authority of the Interstate Commerce Camto
issue $10,000,000 4%
Through Short Line bonds
to be
Oct. 1, 1944, and to mature on .Oct. 1, 1975.
The
dated
150,000
I,
Byllesby & Co.,
Dempsey
-
& .Co.,.
Putnam
L.
1,
-•
of
mission
150,000
1,000,000
11,245
r
F.
\
copies
Would Issue Bonds for
The
Scott & Stringfellow—
1,000,000
of
the
York
Michigan
150,000
2,500,000
&
to
;.
K.uhn,
at
&
2,500,000
Co., inc._*-j„",-
of
and
150,000
necessary
offer
or
Pacific
Ry, Co. on Nov. 14, 1944, subject
approvals by the Interstate Commerce
exchange Will be kept open to and including
whenever $50,000,000 of first refunding mortgage
Of
$150,000
Co._,
&
Park-Shaughnessy
.
1944,
15,
New
•
Monell & Co,
O'Gara
2,000,000
H.
$4,011,278
-
22,338;
3,919
7.489 '
(net:
income
Other
2,500,000
Hallgarten
Burr, &
William
'
$14,675,000 v
Co.—
■
Wertheim & Co.—.
.
$4,603,829 $18,341,529
3,5.19,166
14,622,680
&
-
Alfred
the
,
Central
The
Additional
Amount
Name—
Minsch,
—
Otis
respectively,
the
-
is earlier,
office
principal purchasers and
are as follows;
several
them,
of
obtaining
gold bonds, due Aug.
ever
;
,
Amount
.
Dec;
4%
41,515 shares
of the
names
Bear, Stearns & Co—
1944—3 Mos.—1944
$4,627,341
of Niagara Hudson Power
beneficially all of the 1,331,358
of the preferred stock,
representing approximately 86.73% of the
and
and
purchased by
Halsey, Stuart & Co.,
Inc.
Service Co.—Earnings— ; J
:
1943—12 Mos—1944
Central Illinois Public
the company,
of
several amounts
common
Period End. Sept. 30—
series,
stock
common
the
to
Commission.
direct subsidiary
a
voting securities of the company.
$60,340
stock, series B, and
of the
shares
_
$4,340 income Es, $7,420 preferred
stock.—V. 160, p. 1965.
is
which owns both of record
Corp.,
bond of $1,000 original denomina¬
tion),'$292 preferred stock, series B, and $97 common stock;
RFC 6s (total claim), $366,081 cash, $209,912 first mortgage bonds
$342,488 income Bs, $585,544 preferred stock, series B, and $4,761,692
common stock.
(Including interest on bonds pledged with RFC from
default on notes beginning with July 11, 1932.);
Railroad Credit Corp. (total claim), $112,010 cash;
Illinois
Central
(total
claim), $385 cash,
$2,660 fiist moit0age
bonds,
to
Control—Company
.
(per
directors
consolidations, mergers, '.transfers of assets, or other proceed¬
which the company'may be a party.'!'
• •
involve
and
$750 preferred.stock, series B.
stock;
common
Middle
Monday, November' 20,1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2180
(from
Jane 30.
1
—
A
.
193G)
at
$208,233
«k»'
I)
Volume 160
•
3 MoS, End.
& "int;
Biv,
Sept, 30—
$5,674 •
759:
,
.
r.
.
$4,478
$4,240
788
dent,
,710
,
the
of
Letters
formal
and
Net inc.
to
'
surp.
curr.
$4,915
Preferred.dividends.
:
.
$6,013 '
3,567
.
3,567 :xi
$3,653, as against $6,164, in. 1943..
was
.
$3,452
3,567,
•
$3,768
3,567
,
sent
to
the
Balance Sheet, Sept, 30, 1914
■
,
Assets—Cash, $6,544; investments at cost (quoted market value $425,-
Net
$98,775;
capital stock,
common
(10c par
value), $10,000;
surplus, $181,493; current surplus, $7,892; total, .$318,552.
.
Notes—The net
value
asset
It
is
accumulated
that
announced
and
2!/2%
and
on
Jan.
interest due
and
Sept. 30—
Net profit ————u
Preferred dividends
$188,589
70,COO
70,000
share...
$1.28
$675,865
$237,719
dividends-X-.
$1.64
per com.
'
17,500
,
140,000
X, $4.64
after
Jan.
1945
2,
(Dec.
1944,
31,
being
stock,
$500,000;
160,
/'X.7 7./..;,-
724. '■
p.-
.
X7^X,'' 777 77,
Chicago, Burlington & Quincy RR.—Bonds Authorized
.1944
1943
Nov.
on
the
per
better
In
annum.
bid,
99.137
made
was
of interest
rate
parties
179
be borne
to
thereto
response
and
bid
to
income
-
applicant
based
interest
thereby in multiples of
bids
two
were
>/B
received.
rate of 33A'k
on. a
be approximately
will
per
and
160,
,
expenses
the outstanding bonds will total
on
Court
before Fed.
°Prof.
inc.
Fed.
D:
of
The
annum,
for
repairing and conditioning
passenger
The
said.
$1,190,000, Mr. Farrington
the
' :
service
of
our
of
servicing
Loan
.
coaches,
Pullmans
and
case
tion
the
gage
the
cash
4'-a'.e
$7,002,290
value
distribution,
first
mortgage
income
first
bonds,
mortgage
Rapid Transit).—V.
160,
p.
Formation
of
a
lieu. of.i the additional
bonds to first, mortgage
A preliminary examina¬
in
income
be
made.
committee
of
a
distribution, of
ized
the
prctecticn
of
the
common
.
stock¬
holders^ in reorganization proceedings of the1 company was announced
share
per
if
of
right
is
the
and
become void
warrants
the
of
several
cash
if
not
exer¬
and
underwriters
stock
common
the
num¬
be
to
purchased
,
Shares Shares
-
-
Com.
Pfd.
pfd.
.
Paul H.
Davis & Co.
12,000
10,000
Ecettcher, & Co.—1,000
7,000
.
Milwaukee Co._.
3,000
21,000
2,285
16,000
&
Quail
&
Co
16,000
Loewi
&
Co
Kebbon,
.
of
McCormick.
Co.
7,000
1,000
1,000
7,000
570
4,000
deposits, $6,198,016; U. S.
secur¬
July
Sheet,
demand
receivable;
value
surrender
com.
1,715
1,425
The
accounts
for
payment
taxes
$3,145,093;
81,
4—'-
1914
$10,476,709;
life
insurance
Oct.
and
15,
inventories,
policies,
$8,274,-
$2,626;
$43,553;
provision
1944),
$40,000;
for
premiums
due
subsequent
to
160,
1860.
p.
Aug.
>'■
Colonial Stores, Inc.—Sales Show Gain—
X
preferred stock ($47.50
share.
;
;
160,
Net
stock
preferred
the
on
at
1,
V"",
1949.
of
31,
banks
under
in
Int.
:
a
$811,716
$323,416
$1,105,499
60,801
28,520
27,872
23.683
$351,936
$1,133,371
$1,586,468
in com e ' X
C,
on
F.
&
_
I;
-
$872,517 "*
•
~
X_—.
.,:.X—
& I.
int.
Fed.
&
7
&
credit.
,137,940
Net
chgs.
inc.
27,459
42
26
1107,300
1539,100
1713,300
$424,476
per
56,037
137,940
27,500
stock_X
share.—
capital
56,037
137,940
*282,600
taxes
profit
Shares
;
Corp.
misc.
State
Earnings
$79,237
$400,250
$679,164
563,620
563,620
SO.75-
563.620
563.620
$0.14
$0.71
$1.20
.
^Includes provision
fo? contingencies,
llncludes provision for excess
profits tax of $48,300 in 1943, $304,900 in 1942, and $422,500 in 1941,
Note—A
credited
current
the
to
the further
the results
in
provision
the
of
income
from
"reserve: for .Federal
clarification of
the
taxes
effect
hearings before
other
and
wages
of
160.
weekly
this
of
kilowatt
tertitory
703,749
served
hour output
adjusted
corporation
to
the, week
for
is
and
the
the War
allowances,—V.
Commonwealth & Southern
The
being
made
and
Labor
Act
Board
1943
of
for
Corp.—Weekly Output—
of
show
ended
electric
general
Nov.
as
subsidiaries
of
energy
business
conditions
9, 1944 amounted
the corresponding
160,
2069.
p.
author¬
Upon
Commonwealth Edison Co.—Weekly Output—
the,
Electricity output of the Commonwealth Euison Group of Companies,
excluding
sales
other electric
to
utilities,'for the week
ended
Nov.' 4,
1944,
Following are the kilowatt-hour output totals of the past four
and percentage: comparisons with last* year:
*••« X
}.,£ "
;:
%v--:
;
$47.501
a
decrease under the corresponding''period of 1943.
0.1%
[
Week Ended—
1\
•'
'11—_XX
—.7—X 197.623,000
4—X'-——XX'193,281,000
Oct/<'28.—X:XX_—191.253,000
Nov;
Oct.
21.
—V)
$950,000 , r $950,000
/Y,500,000XI,550,080
—
160, p. 2069. ■
weeks
,
% Change
,197,889,000
192,500,000
—0.1
:„+0.4
''
191,845,000
190,705,000
V
1943"
1944J'
Nov.
Authorized Outstand'g.
-
(par
showed
'
(Giving-effect to present financing):
cumul; preferred stock
stock ($5 par)
of
to 257,week in
short, term
an
to substitute such credit and some of the proceeds of the
financing - for
government advances which
amounted ,to
$8,381,347 on Oct. 31, 1944.-■•The* amount,of the, increased: crqdit to
bo applied for under Regulation V has not been determined but the
company's present-intention is to apply for an aggregate, amount of
approximately $6,000,000,
;
Common
and
increases
present
Capitalization
is
contingencies" pending
Revenue
1397.
p.
compared with 253,995,174 for
1943, an increase of 3,708,575 or 1.46%.—V.
.
revolving
:i_——
137,940
Oth.
three
V
$1,562,784
Co.
:
F.
C.
on
-
bonds
1
Regulation
1941
XX.:
bonds
Int.
payable quarterly
$2.75 per share per
1944, company, had outstanding
amount of $1,423,987 out ,of
1942
profit-
;
the
1943
operating
Total
,'
•'
a
of the
Jan.
(& Subs.)—Earnings—
1944
&
■
are
rate of
7..'71 ":V
income
Other
$13
before Dec. 1,
Sept. 30—
$79,048,674 $72,490,367
oper. revs. $13,955,420 $12,136,850 $12,812,160 $12,320,329
Costs, bad accts.. etc.—
11,016,619
9,986.108
9,923,637
9,079,378
Dept.. deprec., etc.—• 1.212,262
925,914
871,510
729.878
Ordinary taxes
415,515
473,479
402,181
425.510
Selling & admin. exps.M
499,308
477,934
509,334
522,779
share
or
sales
1944—43 Wks~-1943
$7,251,988
r'i^.X'v;'V'.'.?
1629.
p.
Colorado Fuel & Iron Corp.
Net
preferred stock expiring Dec. 1, 1949,
of preferred stock to purchase one
per share on or before June 1, 1947,
the
1944-X Wks.-r-1943
_-X$7,644,787
—v.
in ,order
'
-
withheld
amounts
purchases, $126,957; accrued
renegotiation of war contracts,
for contingent war
reserve
Period End. Oct. 28—
X:'';
Oct.
of
to
$1,500,000,
$2.75
fixed
charges,
deferred
bond
war
payable—insurance
notes
1945,
^
completion of the present financing, it'is the intention of the company
to,, make
application for a similar credit in an increased amount
% :' vi(X:
21,
are
share
for1 each
1949.
Balance
$356,161;
Sales
1, and Oct.
,
V-Loan—As
186,525,000
+2.2
" •'
,
—0.3
■
,
'
stock$5 par), 170,016.
shares have been exchanged/for 322 shares of common stock (no par),
Which were'outstanding July 31, 1944.
140,000 additional1 shares of
cbmmon
stock ($5 par) are being presently registered and offered;
and, 20,COO additional shares are being presently registered and
re¬
served for issuance upon exercise - of warrants attached to the pre¬
"Of the
ferred
500,000 authorized shares of common
stock.
Histoty
•
'"';r
and Business—Company is a
;' *"•'
Community Public
Period End. Sept.,
,
Operating
1944—12 Mos.*—1943
_X. $1,393,186
revenues
expenses
'
Service Co.—Eamings-X
1944—3 Mos.t-T1943
SOW
Operating
$1,252,675
885,949
784,862
_■_!
$4,652,199 --$4,146,719
3,058,5°4
,
"
,
,
2,689,29(i
64,500
59,025
279,053
tax.
114,833
148.426
235,774
389,515
profs, tax
State income taxes.X—
Crll,483
Crl4,842
Cr23.577
Cr38.951
900
892
3,432
3,568
74.449
72,322
274,092
276,789
$264,038
$201,990
$824,830
$588,052
Federal
Fed.
* "
income
excess
Post-war
corporation organized in Iowa
May
13,
1937, as successor to a corporation of the same name
incorporated Sept. 25,' 1033, in Delaware. The earlier corporation was
the outgrowth of the sole proprietorship business operated by Arthur
A.
Collins
for approximately two years
prior to the incorporation,
Other
exc.
taxes
Net
.
tax—
profits
.
revenues
,238,451
'
•
of
the
The
Stockholders')Committee—
which
1,
hand and
on
for
Delaware
company.
company's
field
Net
"
of'activity is research, development, design,
communication equipment. Its principal
products
are
radio
transmitting',
receiving and transmitting-receiving.
equipment, much of' which is equipped with the .company's specially
developed frequency changing' device; known 'as the
Autotune, -and'
radio1 direction
finding and, air navigational
apparatus.
Some of *
from
Bal
manufacture and sale of radio
for
$18
of
1947,
Co.,
(called
Savings
indebtedness
net
same
costs and losses including
possible renegotiation refunds less resulting tax adjustments, $399,501;
capital stock, $115,208; earned surplus, $1,775,115; total, $26,132,703.
Purpose—The proceeds to. be received by the company will be ap¬
$2,987,985. Proceeds' will be added to the general funds
of the company and used to augment working capital.
... \,;
5%
1397.
Childs Co.—Common
,
of
can
&
payroll
1,
Agent. The Northern Trust Cov Chicago. Registrar, Harris
Bank, Chicago.
•:•;;
'
'
and
stock
2,235
$650,000;
proximately
7.x-"'77'
($3,6.35.000) on
of the first mortgage bonds."
bond issues of the new company would be
4%
bends, series,A; $27,718,350 first mort¬
series B (allotted to Surface Lines), and
4%%
income bonds, se&es B (allotted to
possibility
face
that
be
may
(20%)
distribution
cash
$72,718,250
Under
"it
$5,543,670
indicates
$45,000.6/00
that
said
a
before
dividends.
plus
is the
This
.
common
5,720 40,000
'
liabilities,
Corp., Paine, Webber, Jackson &
at
benefit
each
of
or
on
Transfer
8
'X
1,
names
Curtis—__
Allyn
from
on
sinking fund as follows; $20,000 on or
years, 1946, 1947, and 1948; and
of each year thereafter, plus in each
year the amount of accrued dividends on stock to be redeemed.
The
sinking fund is to be set aside out of earnings and to be used in the
redemption of preferred stock at $50 per share plus accrued and
unpaid dividends. - Preferred stock is redeemable in whole or in part
on
30 days' notice, at $52.50 per share to and incl. Dec. 31, 1946,
thereafter at $52 per share to and incl. Dec. 31, 1948, thereafter at
$51.50 per share to and incl. Dec. 31,
1950, thereafter at $51 per
share
to and incl.
Dec. 31, 1952, thereafter at-$50.50 per share to
and incl. Dec. 31, "1954, and thereafter
at $50 per share, in each
;7-
,
of
price
a
June
Dec.
X'
v.-
notes
1.
July
on
July
the
1
Jan.
reduce
to
Liabilities—Notes payable, $1,258,593; accounts payable, $13,101,968;
liability for advance payments received, $5,476,720; 1st mortgage 5%
6,693,353
dividend of $13.10 per share
a
1, and Oct.
X ■".'•% X ;■, ;
1,
to
Entitled
Trust
.
dividends
;
$30,000
•
$45,000,000.
of
declared
each
share on
per
April
1,
of
stock
common
$19
t6
attached'
holder
the
before
'
court
before
or
&
C.
••■'X;X"''''■.■■■'■J'.:.'
1077.;
p.
Cumulative
,
The
9
stock
common
annum.
.
L. Igoe has set Nov. 29 as the deadline for
preparation of a '• reorganization plan for the Chicago, Surface Twines
and fixed Dec. 11 as the date for hearings.
; He also distributed to trustees of trie Surface Lines and. other
interested parties a list of suggestions for working' out the hew, plan
pf unification of the Lines and Rapid Transit Co.
v-'.r>'
Under one plan the bond issues of the new company would consist
of $45,000,000 first mortgage 4%
bonds, series A, to be distributed to
first mortgage .bondholders of
the Surface Lines, $33,262,020 first
mortgage iVa't
income bonds, series B, to be allotted to the Surface
Lines, and $7,002,290 first mortgage. .4^#, income .bonds, serles: B, tobe allotted to Rapid. Transit' bondholders.
;
The.$45,000,000 of 4% series A bonds represents an. increase of 20%7
in the-amount'awarded Surface Lines first: mortgage bondholders to
Compensate them for the reduction in the series from $72,718,350 to
allotment
Nov.
on
Lee Higginson
of
at
Jan.
Federal Judge Michael
bondholders
2,776,969
•
160,
the
on
Warrants
%
7\-?
cost approximately ;:
V Chicago Surface Lines—Hearing Date—
made
company
International Corp.—$13.10 Common Div.—«
holders of record Dec.
to
15
share
authorized the trustees to
pay $13,718,700 borrowed in 1932 and 1933 from the RFC. . • •
,-v
Stockholders. expressing fear that the repayment would interfere
with reorganization, had opposed the plan.—V. 160, p. .2068.
;
■■
Distributions of $5.60 each were
2, last, as compared
$5.55 on April 1, 1944.
In 1943, the following common dividends
paid: Apr'l 1, July 1 and Oct. 1, $5.55 each; and Dec. 15, $13.20.
X--.VX'xX:
Judge Michael L. Igoe on Nov.
/
.
year
1944,
2,
Nov.
fiscal., year,,
assets
(net),' $311,066; intangible assets, $38,731;
$277,588; other assets, $196,853; total, $26,132,708.
$8,868,906 $14,016,140
-
1,510,462
par) with warrants, at $50 a
the road has
its coach yards
Payment Approved—"
Federal
?
20,000 shares of $2.75 cumulative
consolidation and extension
speed up the
dining cars now being used to
and
at
X.
Curtis, A. C. Allyn & Co., Inc., Central Republic Co.
(Inc.) and Paul H. Davis & Co. on Nov. 15 offered 140,000 shares of common stock (par $5) at $17 a share and
tracks will still further greatly facilitate and
capacity."-
held
before
or
(Inc.)
stock, no par value, and the usual semi-annual dividend/
share on the class A stock, no par value, both payable
per
—The
the rearrangement,
and
buildings,
stock
on
share
one
Central Republic Co,
Collins Radio Co., Cedar Rapids, Iowa—Stock Offered
has
yard
purchase
Inc.
959;
were
Appeals
car equipment,
;
to
Higginson Corp.
son
A.
1944—9 Mos,—1943
$4,129,939^$3,655,293
1,315,936
directors
$3
Dec,
the
cars.
>
■
sales.
1943
..
Paine, Webber, Jack¬
common
of
equipment In our present yards for the repair of pas¬
been, modernized and kept abreast of car. servicing
needs," he declared,"the rebuilding of our coach shops and auxiliary
"While
senger
,
.....
3 Mos. End.
X.' % •
project will
are made.
and construction
building
new
such
'v.'?"'X.
Lee
—V.
shops between 47th St. and 51st St. on Wentworth Ave., in Chi¬
cago, 111., where all general repairs of passenger equipment for the en¬
'■.
the
refunds
net
the
for
Shares Shares
2^
Coca-Cola
and
tire 8,000-mile system
of
on
ities,
—V,
begun a complete reconstruction and rearrangement of
•
taxes:
& etc.
surtax,
profit
The
announced that
9
.
fiscal
1.944
dated
year
voluntary
for
of shares of preferred stock and
by each underwriter are as follows:
•
Chief Executive Officer of the Rock Island Lines,
in order to provide more efficient facilities
Farrington,
notice
fiscal
1944
renegotia¬
■
the
to
$227,895
possible
the -net
year having been approved by the Navy Price Adjust¬
Underwriters—The
$7,317,787
.
$2.90
discovered
Increment.
X''X''^v'XXX-X;''
X:'
Note—The foregoing figures do not take credit for the post-war
refund
of
excess
profits taxes, which for the nine months ended
Sept. 30. 1943, amount to $399,081.—V. 160. p. 1860.
xV%,V;%xy.'-
+.x;x7777;xvf X-Vx
.
respect
8.5%. of. adjusted
Board,
cised
$2,814,003
$2,144,831
$6,091,937
Earning sper share-—
,
$1.12
$0.85
$2.42
>After all charges but before provision for depletion of
Net
of
Cost $1,190,000—
with
determined
preferred stock certificates,
Co.—Earnings-
1944—3 Mos.—1943
profits taxes
made
Circuit
5
Period End. Sept. 30—
entitle
Nov,
$225,032
preliminary
the
to
to
on Jan.
(a)
has
company
Climax Molybdenum
$3,332,840.—
—
but
$5,400,000
that
.
Assets—Cash
Chicago, Rock Island & Pacific Ry.—New Project to
J.
945,352
'$2.59'
:
Appeals at Chicago on Nov. 2 dis¬
missed the appeals taken irom the revised plan of reorganization,
leaving only cne alternative for creditor groups who oppose the plan,
an appeal to
the United States Supreme Court for a writ of certiorari.
The appeals were filed late in July by counsel representing two
groups
of adjustment bondholders,
the trustees of the adjustment
mortgage and the debtor.
On Oct. 12 the court took the appeals and
a
motion to dismiss them under advisement. 7XX
XX:'77
Security holders entitled to vote on the reorganization plan have
already been mailed ballots.
Domestic holders must return their bal¬
lots by Nov. 29 and foreign holders by Dec. 29.—V. 160, p. 1966,
.
on
.
charges,
1, next, all of
4'/2% bonds, series B,:due
July 1, 1981f. at 107Va and interest, and (bi on Feb. 1, next, all of
"its outstanding general and ref. mortgage 4!/a %
bonds, series A due
Feb. 1, 1977, at 105 and interest.
Payment wil be made at the office
of the company in Philadelphia, Pa., or at the office or agency of the
company at 380 Seventh Ave., New York, N. Y.
::
'
Holders may, at their option, surrender aforementioned bonds,
as
aforesaid, at any time prior to said redemption date, and thereupon;1'
■i receive
the full redemption
price, together with interest to Jan, 1,
1945, or.Feb. 1, 1945, as the case may be.—V. 160, p. 20c8.
Reorganization Plan Dismissed—
Seventh
sharez_?.--2-_'Zi_'Xz-2_''
all
called for redemption
its outstanding general and ref. mortgage
with
The
$631,912
losses including
adjustments.
and
tax
$19 per share if exercised
thereafter and on or before Dec. 1, 1949.
These rights are represented
by warrants attached to and non-detachable from preferred
stock
certificates, which' warrants attached to and non-detachable from
Cleveland & Pittsburgh RR.—To Redeem 41/2 % Bonds
The
.
Chicago Milwaukee St Paul & Pacific RR.
from
$227,895
ber
x
1965.
p.
As
of
taxes
as
preferred
including Federal taxes, estimated reserve for
post-war rehabilitation, and for contingencies.—V. 160, p. 725. X-}VX
'
count
'
1
.
1,418,492
1,299,070
$4.09' ;
$3.70
profit
After
3.80%
:
% J 77 777,//
The proposed refinancing will result in a gross reduction of $13,000.000 in interest charges to the maturity of the outstanding bonds.
Expenses and ether deductions will total approximately $3,715,170,
leaving the net reduction in interest charges $9,284,830.
In addition, the applicant states that the Federal tax reduction on
account of the duplicate interest, call premium, and unamortized dis¬
V.
$225,032
Warrants—By resolution adopted by the board of directors Oct.
1944, and Nov. 10, 1944, the record holders of preferred stock
1944
1943
1942
$44,134,507 $32,832,343 $16,635,474
30—
sales
"Net*
by Morgan Stanley & Co. and 23 associates, and has been
On this basis the average annual cost of the proceeds to
accepted.
the
ment
taxes. on , income.
Net profit for -the three
ended Sept. 30, 1944. amounted to $1.343,211.—V. 160, p. 725.
Earnings per
the purchase of the
for
received.,,
provision
a
percentage
10
invited
costs
,war
resulting
commenced
income, before
Federal
for
9 Mos. End. Sept.
<
applicant
been
exercised
redemption of a like principal amount of outstanding first and
refunding mortgage 5% bonds, series A, due Feb. 1, 1971, •
The report of the Commission states, in part:
• ':l
■
bonds at not less than 99 and interest, the bidders being required
name
$631,912
$631,912
been
hot
ized
1941V!
1942
,
.
Cleveland Graphite Bronze Co.—Earnings—'
the
to
148,223
399,501
income
entitled
authorized the road to issue not exceeding
$40,000,000 first and refunding mortgage bonds, series, of 1974,»to-be
sold at 99.137 and interest and the proceeds used in connection with
1%
179,332
$1,031,413
Proceedings for renegotiation
'7 '••"'V,,'■•"•■
preferred
$3,500,000;
...X
refunds,less
have
.profit X._
$2,581,176
$2,189,175
$3,273,721
$3,621,730
profit after -interest, depreciation,-depletion, amortization and
^Net
04.49
payable, $510,137; accrued wages, $173,822; reserve for taxesnotes of $2,502,610), $1,224,994;
surplus, $3,903,919; total,
$9,812,922.—V.
The
139,889
357,594
650,000
X-.-,.
"For .contingent
has
30—
9 Mos. End. Sept.
equipment
Stock.
Liabilities—Common
Net
.
tion
Cleveland-Cliffs Iron Co. (& Subs.)—Earnings—
;
$655,414
17,500.
*140,000'
'
ICC
516,007
115,534
voluntary refunds and price redeterminations of $2,711,014 and author¬
months
(amortized), $838,896; land and
buildings. $1,445,296; machinery and equipment,
$1,220,715 patents,•
$80,201;
U.
S.
bonds,
$100,000;
inventories,.; $2,560,424;
cash,
$1,216,650; post-war excess profits tax (refund), $434,885; accounts
receivable, $1,832,955; deferred assets, $82,900; total; v $9,812,922. :; 7\
and
Net. income
Sunday
a
V-.
provision
•
: Balance Sheet, Sept. SO, 1944
"7; .X
Assets—Machinery
The
519^958
382,342
-
the
1,
1181.
p.
Net
/
profits taxes-..
Reserve
payable for
1945, being a holiday), upon presentation and surrender
of Coupon No. 22 appurtenant to said debentures, at • the Guaranty
Trust Co.
of New
York, 140 Broadway,
New York, N. Y.—V.
160,
and
1944—9 Mos.—'1943
$3,687,811*. $3,595,842
2,703,462
2,621,655
308,484
,318,773
1944—3 Mos —1943
Operating profit „xX: $1,045,774 ■ $1,294,854
Rrov. for federal taxes.
754,357
950,877
Deprec. & amortization^.'
102,828 :
106,258
tax
1,371,843
1,347,679
(Corporacion de
'Net
(less
1941
$2 163,510
1,016,508
•
of
Chapman Valve Manufacturing: Co.—Earnings—
accounts
■1942
$3,965,411
4,045,600
-
(dollar)
come
.
'
1944
renegot. for
Excess profits tax..Prov. for renegotiation. -
,
-
Earns,
1943
$15,918,669
$47,310,851
w.
excess
period ending Dec. 31, 1944, on the sinking fund 5% in¬
debentures, due June 30, 1968, will be paid at the rate
months'
six
corporation increased from $408,-
the
of
the net asset'
value of
the preferred stock from $186.13 to $193.90 per share, or
4.1% ; and the common stock; from $1.89 to $2.06 per share, or about
9%.
>-<XX ''V'XX:':
-X,; ' V'
Income received during the first nine-months of? 1944 was>?$17,945
compared with $15,835 received in the same period of last year, an
increase of 13.3%
X
:
%••■■■ /X Vv'X
On Aug. 24/ 1944,: the corporation paid off its loan of $35,000 and
it now has no debt.—V, 160, p. 1180.
'.-XX:;V. '
Common
sales
Income and decl'd value
.
'
$425,619 on Sept.: 30. ' This improved
to
30
Period End.
;
Net income before taxes
Ventas de Salitre y Yodo de Chile).—Interest—
share,
capital
value, 2,195 shares at stated value of $45 per
par
555 on June
A '"iff
X
1944
Chilean Nitrate & Iodine Sales Corp.
dends
no
„
their accessories constitute complete communica¬
types.
The company does not make
the committee.
.
Liabilities—Reserve for taxes, $6,125; reserve for one year's divi¬
on
preferred stock, $14,267; capital stock, preferred, $6.50 cu¬
i
I, If Vr.\ ) <"}
total, $318,552.
200), $312,008;
mulative,
^
.
Summary of Operations, Years Ended July 81
common
.Company filed "a voluntary -petition for reorganization in the U. S.,
District Court. Southern District of New York, pursuant to Chapter X
of the Bankruptcy Act,"
Previously, committees' had been formed to
represent the debenture owners, preferred stockholders, and .merchan¬
dise creditors.
•
"
"'/•
The office of Birger L. Johnson, Secretary of the committee, is at
115 Broadway. New York, N. Y.—V, 160, p. 1732,
.
-
••
.
being
are
,
i
|
"
t.
.
the quarter ended Sept: 30,-
The net profit from sale of-securities-for
1944,
>v
authorizations
with
products
tion systems
of a - number of
household radio receiving sets.
Johnson,
1941 *'
.
,
these
committee..is composed-of David C—M'css,' Chairman; Birger L,
Secretary, and -Fisher;' P.-; Weaver.
Mr, < Moss is President
Aklon Corn.; Miv Johnson is a former utilities -company PresX
and Mr." Weaver is" a" well-known .'New York real estate man.
; The
"
"1942"'
1943
>$6,855
842 ;
) stockholders by
,i
-bl'W
'
2181
1944
.income----', *
XX—XA
Expenses
'<<!
i
-
Number 4335
Chain-Store Investment Gorp.-wEarnings—
•
1 »
debt disc.
X
'
Net
.
income
Divs,
-
.
&
M
91,640
i
,
'it
1
a
.
i
,1
•
301,659
,
-
'
$712,168
91,640
366,562
$518,028,
'
366,562
*"
^
Sr.'*
r
;.
301,498
.
$203,400
$264,010
.v
„
.1
74,156
73,492/
'
'
X
:.
231,635
$819,687
>
X_—;
capital stock...
on
188,836
$277,556' $1,013,666
$337,502
exp.
i
* *.
75,566,
73,464
opers.__
.avail..for. int.,. etc..
Int. &
i
misc.
-■ £l>
C
('
"t
■
,
>
.
:'
i
•
"
•
.
i
*i
■'
:'
:!!xx
"|J 1'
H-1 r.'
Uf?. H
Monday, November 20, 1944'
2182
for redemption as of Dec. 15, next, all of
its outstanding first mortgage bonds, 4'fc; series due 1964, at 104/4 anainterest.
Payment will be made at the City National Bank &
The
has called
company
208
trustee,
Co., corporate
p. 1733.
Chicago, 111.—V, 160,
La Salle St.,
So.
milled
Net
23,930
$272,986
Total
Capital expenditure
V.
operating
Gross
income
Other
Total
——
577,545
-
Operating
expenses
taxes
346,955
418,000
320,000
$1,632,363
capital (charges_.
other charges-
and
interest
$1,668,293
dividends———
54,000
for
Balance
• 7
,
Net
$901,029
been
made
in
The
Sept.
payable
Nov.
Dec.
located
of
record
1.
Offices
York,'N. Y.
Dec.
250 Park Ave., New
at
1942
$968,655
$731,854
$846,515
*570,721
*403,795
*486,460
146,431
tax____
139,596
"127,651
$857,914
428,204
Depreciation
lOO.OOo'
_______
dividend
of
cents
50
of
income
profit
Net
profit for
in
$716,734,
•V.
9 Mos. End.
/
''
Net
(& Subs.)—Earnings—
V
(& Subs.)—Earnings—
profit
Co. 0! Balti¬
k'!/t
..
_
Period End.
1944—3 Mos.—1943
1944—12 Mos.—194'3
$12,379,813 $12,024,700 $53,459,179 $50,521,464
31,350,444
27,496,507
7,545,487
7,712,424
6,015,360
5,188,306
1,546,533
1,335,337
6,903,070
8,520,873
1,340,765
1,439,291
Sept. 30—
Operating
revenues
Operating
expenses
Depreciation
•___
_
___
"Taxes
:——
$1,945,027
amort,
&
bonds
on
Other
cf
89,831,051 $10,192,006
601,269
2,386,125
41,854
33,242
748,271
— ~
$1,233,222
$0.78
$6,696,655
$4.64
—
inconie
Earns, per com.
640,746
.
$9,315,778
876,228
prem.
——
deductions
Net
$1,867,733
596,488
_______
Gross income
Int.
$1,704,585
163,148
$1,306,685
income
$9,190,305
164,937
$1,780,090
Operating income
$0.85
share.—
2,406,457
Earns, per com. shaie^_
of
for
1943
1942.—V.
or
contingency
a
p.
and
Gas
160.
i1941
$19,134,864 ;
•: /'980.368
$1.79
Int.
9 Mos. Ended Sept. 30
i
$12 Mos. End.
Sept. 30,'44
$1943
*1944
of
7- 6
,7
4,486
income
$14,945
k~
197
-_r—
$60,83^
$55,829
58
$14,110
income
oper.
■
876
•
"The
the .company
which
amount
344
••
.
this time."
assets
current
of
as
p.
'
624.'"-
8,683
$48,022
.:
•t/.F.-'
3 Months Ended
Steel
8,870
•
.
$52,306
•
/. ■'
Corp.—Earnings—
Depreciation and amortization-.-.;.^
■(•Provision for Federal taxes.V;,
**$4,13T
Sept. 30—
1944
$75,960
/ /
profit
Net
—
,.V-
1942
1943
$335,554
88,845
47,530
§Cr8,748. 265,297
I
L."
Sept.
1398.
Stainless
'•♦Profit;
pared with $27,613,401 at the
Total'assets of $37,221,480 in
p.
160,
2,075
! $12,928
2,079
$12,228
$61,176
$56,705
$15,003
$14,307 -
_______
deducts.—
Eastertt
:
30. 1944, are $31,050,765, ds ccm-'
end of the first nine months of 1943,
1944 compare with $32,546,954 at theend of September; 1943, :
v-1,
5 *•'••• •'• 1
Total,current liabilities as of Sept.. 30, 1^44, were $23,627,591, which
Includes $11,100,000 in V-loan notes payable to banks.
At the Same
time in 3943 total current liabilities were $22,018,895,<.which• included
$11,000,000 in V-loan, notes payable to banks:.y
'"■
.7;
Earned surplus on Sept. 30. 1944,
was reported as $9,465,660,. as
compared1 to earned surplus of $6,624,206 on Sept. 30, 1943.—'V. 160,
Total
other
&
—V.
be required to refund is
may
income
$8460,769
73,368
320,834
$22,727 ' T $61,567
$0.11
.$0.29
Earnings per common share--—Nil
amortization end Federal and
State
ttncluding excess profits tax and State income
taxes
(estimated).
fBefore adjustments relating to renegotiation of
Government
contracts,
etc., applicable to1 the calendar
year 1942,
gAdjustment (estimated).
**Dencit.
:/'•'V
* Be fore
v
for
provision
income taxes,
depreciation,
Note—During quarter ended Sept. 30, 1944. there were extraordinary
of $179,589. due to inventory adjustments, which were pibViand loss of useful
,
charges
ously handled at year-end, accelerated-depreciation
Crucible Steel Co* of America—New President—
Joseph H. Callan,
has been
and
years
executive committee
P.- B.
recently
of the board of .directors mnd of, the
hrts been elected President to succeed
resigned as Chairman and' President,—-
SEC—
Mo.
'-..V
.
♦Capital surpliis,
Sept.
Profit from Operations, Sept. 30, 1944
$728,293
1944„_____-1---_~I—_Sept. 30. 1944: ;
.....
...
.
Jan. 1 to-Sept, 30, 1944—129,401
31 and June 24, 1944_l„__T__"_'-_ :
42,000
30,
Surplus from operations,
Profit from operations,
V'
c
Curiee Clothing Co., St. Louis,
.'V
equipment.
Summary of Capital Surplus and
member
a
1078.
p.
24.
for six yeafS,
who
Hufnagel,
value of
/
who has be?n associated with the company for
Dividends paid, March
(net)—45,252
adjustments
Registers with
Net
■■■.
v,V:.
Earned
increase
surplus,
;
Jan.
$42,146
•
464,85Cf
1,
3.245,106
4,234,582
6,775,000
7,321.000
2,933,891-':
3,il6,757
3,928,132
St.
depletion
&
_____
,
operating revenues__A______
Gross
217,891
charges
Miscellaneous
$63,717,320
36,751,663
2,259,651
3,462,373
$7,326,908
43,773
36,553.
.
income
deductions___
The
registered with the SEC 52,290 shares of
has
company
*
$8,019,570
if.8,189,815
193,455
$7,109,017
income
interest
Louis
and
Period End. Oct. 7—
$8,420,422
80,810
♦Net
178,315
50,542
.
Note—During quarter
;■
income
Earns, per share on
stock
preferred
of
•.
$2.07
-
$448,G39
./■'•
$413,943
'•••'•'■*•';• •••
$2.37
,
Net
£Net
income
income
■share_~~i__^~~_~-'
provision has been made in this income account for the extraor¬
*No
dinary
loss
/Revenues
rates
per
$8,191,565
$3.00
$8,160,292
$2.99
$7,246,582
$2.66
suffered
of The
The
by
East
Ohio
Gas
being contested by the City
before the
Public'Utilities
there
been
had
$ Actual
report.
in
income
net
on
amounts
1944.
collected
case
now pending
Nov. 1, 1944,
of this case since the .last
period in 1943 has been reduced,
status
the
by the net expenses, principally Federal taxes on income, which in the
opinion of the management would have been incurred had the company
and its-subsidiaries existed as an independent system throughout the
The
1943,
year
83,62
per
actual
earnings before
share for the nine
months
foregoing reduction Were'
Sept. 30, 1943. and $3.17
the
ended
per share for the 12 months ended Sept.
shares.—V. 160, p. 1966.
'
SBased on 2,728,359
1944.
30,
p.
1
,
'
canceling
.
$8.80
•:
For
$9.70;
■ ;
,
ihg
week
Consolidated Edison Co. of New York, Inc.—Output—
The company on Nov, 15 announced that system output ox electricity
(electricity generated and purchased) for the week ended Nov, 12, 1944,>
Power
during
^mounted, to '174,500,000 kwh,,
corresponding week of
of
electricity
kwh,
500,000
19.8 b' .—V.
for
160.
the
to
with
compared
1943.
amounted
a
decrease
corresponding week
of
215,600,000
19.1(1.
Local
kwh.
for
distribu¬
kwh..
169,700.000
compared with 211.last year, a decrease of
of
2069.
p.
Sept. 30—
/;
•1944
/■
H
-1943
Period End, Sept. 30—
Subs.)—Earnings-
75,893
327,969'
24,874/J228,525;
operations..
profits taxes_l"'•::'
fjrom
income & excess
Fed.
for
1944—3 Mos.—1943
1944—9 Mos.—1943
I
1943
•Sales, royalties, etc—__ $13,976,321 $10,064,555 $38,173,292 $28,273,461
Oper. exps., taxes, etc._. 12,478,110
8,881,03.7
34,560,432
25,046,301,
1944
Sept. 36—•
and operating
from
$1,498,211
$1,183,519
$3,612,860
$3,227,160
42,560
69,137
129,768
165,836
$1,540,771
$1,252,656
$3,742,628
$3,392,996
149
opers,
73,018
726
224,433
r_
income
Total
income
Interest
Federal
depl,_
411,261
274,214
1,023,61.9
865,101
taxes...
*468,740
450,658
*1,103,116
1,140.080
$660,621
Depreciation
$454,765
$1,615,166
$1,163,382
$0.92
$2.36
and
income
Dec.
Earns,
profit
per
♦Includes
none
com.
for
$0.98
share.
provision
the
Note—Dividends
for
parent
on
excess
profits
company,
the
$2.50
$102,817 in first nine months
as
taxes for certain
it is
cumulative
believed
none
1
*1944
amount
income
1943
/
;
.
$2.32
with
Note—As at
were
bank loan due
B, W.
A
preferred
160,
p.
stock
533.
amounted
taxes
are
one
with
a
par
year), or a net
of
net
25
cents
per
$1, payable Dec.
made
011
and
on
Feb.
made
15,
on
Aug.
this
16
103,211
' —Decrease—
Amount Pctk
12,709
6.0
-5,686
5.8
2,171
2.1
inputs of any
"companies
7
•.
.
•
'v';
:/'•/■'•
77
of
this
corporation,
which operates the Empire State
John J. Raskob
Vacuum
Burritt,
Cleaner
1
Co.—Toi Resume
f
-
Civilian
; \
;
President,
on
granted permission by
working
15
share
160,
20,
p.
1943,
981.
7
•
company's
and
our
•_:
present.' output
volume
of
vacuum,
of.
,'7'-■ V
war
cleaner
..
The company
ceased production of vacuum cleaners early in 1942 to
the previous year., 'It has been
100%
engaged in the manufacture of small high precision electric
for bombers and fighter planes,, gas masks, signal dischargers,
other material for the armed forces,—V. 160, p. 1967.
mctors
declared cn .the capital
',■•
.affected
expand its war production begun in
.
No ctbenpayments, have
be
,.
Fairchild Camera & Instrument Corp.—Earnings—
In holders of record Dec. Ti
A similar
31. June 30 and -Sept. 30,. this year,-
and Dec.
emphasized, "the
not
production will be contingent upon the progress of the war."
;
"The hew cleaners will be restylbd," he said, "and our war-timb
7, /•' f
before ,taxes____—
estimated Federal; taxes___
.9 Months Ended Sept. 30—. /'•'•'
March
issue.—V,
will
experience in making high precision material will enable Us to producebetter vacuum cleaners than ivere possible before the war."
.
has been
'■!
Burritt
material
working capital of $6,646y670.
capital of
$6,743,407 as of
f' '
- '
'
•
.
was
been
Mr.
of
Pay 25-Cent Dividend—
dividend
97,893
101,040
:
estimated
interpretations
within
'
1943
192,039
1944
179,330
92,207
.
1943.
distribution
been
'"••
.••
'
of 1945."
,
of 1944.—V.
follows
as
Nov. 13 announced that this company
the,,War Production Board to start
the production of vacuum cleaners..
7
<;
"Production will depend on
availability of material," Mr. BUrritt
said, "and we expect to make initial deliveries during the first pari;
has
Sept. 30, 1944. current taxes were $9,035,231 and current
$2,388,561
(including $300,000 of» a serially-maturing
compares
31.
stock,
as
A.
officials
Eureka
,
and
subsidiaries,will be due.
Co.,
Output of Vacuum Cleaners—
for the nine-month period* in
effective income tax, laws.
1943
taxes
for
the nine-month period are reported in a revised
representing a ratio of. income allccation ol .the aggregate
taxes disclosed by income tax returns submitted for. that year.
income
liabilities
To
were
of
subsidiaries
are
Power & Light Corp.. ancl
compared with the corresponding
(in tnousandSsOf kwh.)k
.
and Robert C, Brown, Vice-Presidents^
and J. Halloway Tarry, Secretary.
Harold G. Seer,* in addition to the
aforementioned
officials,
is a
member of
the Board of • Directors;
—V. 135, p. 2499.
'$1,1.17,'670 ,$1,259,476
——$2.79
$3.15
—
„
share______
per
accordance
This
Light
inputs of client operat-'
which
Inc.,
Electiic
Co.,
figures, do not include the system
1,' 1944.
Other
revenues and Other income
income
income
Dec.
Net
1079.
Drum, Commander of the New York Guard, hasr
been appointed'President to succeed the late Alfred E. Smith, effective
credits
:
$15,541,393 $14 ,747,035
Cost of sales and operating expenses____r_____ . 12,288,397.' ll ,552,193
489,730
V765,146
Other charges
—--—
_1__
929,755
.,950,149
Provision for depreciation and depl3tioh___l___
208,782
137,231
Interest on long-term obligations——
307,100
282,800
♦Prov. for Federal and State income taxcs_2__
income
Earns
Other
Services;
Light
&
Lt.-Gen.; Hugh
,
Corp^—Earnings—
Deep Rock Oil
9 Months Ended
hi
Empire State, Inc., N. Y. City—New President—
• "'" $99,444'
$0.18., :v; $0.40.
♦After charging $22,582 for depreciation and; amortization in 1044
and $23,041 in 1943.
fOn 202,000 common shares.—V. 160, pp. 429, 533.
Net
p.
not appearing in both periods.—V. 160, p. 2070.
-V.V $31,0i9
income
fEarnings per coiriinoil share^_______
Net
&
Power
The above
,
Consolidation Coal Co., Inc. (&
&
Light Co,
Electric Power & Light Corp.
National Power & Light
Co.
$3,196,682 1 $4,470,027.
profit
Sales
160,
9, 1944. the* system
Ebasco
of
Power
Building, are:
..
reserves.—V.
Operating stibs. of—'
;
sales
Net
surplus was charged
1944,
30,
additional depreciation for years 1941,
also credited for $174,336 as the result
'
Davega Stoles Corp. (& Subs.)—Earnings—
♦Net
for
was
the week ended Nov.
National
-
6 Months Ended
Prov.
certain
companies
American
American
•
Surplus
/■
72G;
Net
$219,588
Ebasco Services, Inc.—Weekly Input—
;
debreciatioh. Federal taxes; abet .all other charges.
Net income before provision for Federal income and excess' profits
taxes for the 40 weeks ended Oct. 7. 1944. amounts to $1,057,210 arid
compars With $932,412 for the corresponding period of 1943.—V. 160,
under
As of
Ohio.
of
20.
Oct.
Co.
of Cleveland in a
the
for
Gas
include
Co,
Commission
change
no
Ohio
East
ended Sept.
of
1943.
1944—40 Wks.—1943 !'
2nd
_____
and
1942
1944—12 Wks.—1943
T $103,311
$114,915
,
amount
the
Cushman's Sons, Inc.—Earnings—
400,852
iS3,383,270
142,168
v'.:
Mayfield. Ky.
♦After interest,
.
•••:.-;
.
5,301,000 ;
taxes
Net
to
36,562
:
V7''
amor.___
__
Other income
but
:
inc. & excess prof, taxes (est.)
Fed.
Other
23,929,289
$47,710,442 $47,515,618
revenues
expenses
Depreciation,
tion
6,000
9,800
inc.
26,646,658
2,629,185
3,083,691'
^Operating'
Maintenance:
the
23,750
33,650
'
class A
and 22,410, shares of class B no par value common stock, vt ;/
Total surplus from operations (earned surplus)_A__i____$506,999
:
"
The stock is being offered by Scifel, Nicolaus «& Co., Inc.; St. Louis,
for executors of the estates of S. H. Curiee, deceased,arid S, H. Curiee
Total surplus, Sept. 30. 1944
•
$1,235,292
Jr.. deceased.; The offering price will' be filed in "an amendment.
;/■* *Same as at Jan. 1, 1944.
:
4
The company manufactures men's suits and overcoats at plants in
Operating
:
5,700
12,450
'
r
.division
portion of the broadcasting division profits .resulted,.from, war
subject to renegotiation in 1944;"" the,-company's Statement.,
a
undetermihable at
Subs.)—Earnings—
(&
17,541
22,173-
Net income __;
,
.
Co.
18,212
'T
profits taxes—
Surplus
Consolidated
•
4,757
"
taxes-:_
lieu
in
Gross
contracts
said,
y. 160.
1398.
Natural
.
:*Subject, to audit, an,d renegotiation provisions.
"Substantially all profits realized by the / manufacturing
$6,063,378
$4.10
including taxes on income.
The three
provision not finally required
No prevision for excess profits tax was finally necessary
include
1943
764.694
$1.40
-
1.722,171'
* Provision for estimated taxes,
,
months
for the year.
*2,771,879
;
$5.08
*3.571.388
$6.54
f
Other
income
exc.
Net
•:
1944 "
1943
1942 , 7
$72,667,120 $56,978,783 $23,523,800
Sept. 30—
sales
Net
,
Consolidated Gas, Electric Light & Power
more
■
nine
to
4,664
7*
'
&
Other
$223,326
taxes,
months ended Sept. 30, 1944, amounted to
$577,942, 1942, $725,967, and 1941, $814,046 —
the
1943
622.
160. p.
excess profits
income and estimated
280,433
Fed.
than
*
$232,403
$188,463
$251,503
,.
$411,875
71,131
taxes
Charges
$416,648
275,054
$108,984
72,371
excess'profits tax_
Fed.
.
Net
other
Taxes,
1944—12 MOS.—1943
1944—3 Mos.—1943
& deprec.__
exps.
106.384
Crosley Corp.
'»Includes: Argentine
and'operate as the cor-,
160, p. 2070.
"
$106,945
•
___._
Oper.
share
per
there
at Bradford Will remain
Period End. Sept. 30—
Operating revenues
Co., Chicago—Special Dividend of 50 Cents—
special
Headquarters—
-
and the usual quarterly,
dividend of 25 cents per share have been declared on, the common,'
stock, par $25, both payable Dec, 20 to holders of record Dec. 1.
No
special distribution was made in 1943.—V. 160, p. 2069.
A
'■..
Mallon,
The. factory
■•'
1941
1943
Spec, reserve for excess
profits tax
.
N.
portion's Dresser Manufacturing Division.—V.
initial liquidating dividend of
an
stockholders
to
19
corporation are
declared
14
A'
Co., N. Y.—Liquidating 'East Missouri Power Co.—Earnings-
Realty Investing
on
■ ■
its
V-.-:'--"./tv:/■/;
directors
the plan.—
approved
President, announces that this corporation will move
headquarters from Bradford, Pa., to Cleveland, O., and that execu-'
live offices will be located there in the Terminal Tower.
•
.
The
creditors
the
of
'S
Dresser Industries, Inc.—Moves
H.
' :,;.k.
*
(2) Net current assets at Sept. 30, 1944, amounted to approximately
$3,184,500, of which $544,000 represented cash. ; The .compshy • has no
bank loans or bended indebtedness.—V. 160. p. 829. •
■
1
k
,1
two-thirds
said
1944
30.
v
Continental
has
ICC
V. 160, p. 1967.
the foregoing statement for
Federal
income
Federal
ended
1942.
Crane
prof. bef. depr,, etc>>
Net
$0.87-
.
.
(&: Subs.)
Inc.
1944
End. Sept. 30—
3 Mos.
$393,007
and 1943. for the renegotiation of
selling prices under .Government contracts or subcontracts on a basis
comparable to that
used in the renegotiation agreement concluded
Earnings—
,
625.000
$255,112
$0.56
tLess post-war refund of $32,500,
Provision has
periods
lG'/r
Industries,
mortgage bondholders aggregate about $43,500,000,/
approximately one-fourth of ,the entire debt.
In the objections it.
was asserted the plan provided for 100%
of the claims of other bond¬
holders through new securities and that what remained went to the:
general mortgage class.
.'• ':.• /"
,7
: • >,
Several months ago Judge Symes announced his intention of approv¬
ing the plan, andThe debtor railroads, the D. &.R. G. W. and the D. <te.
S. L„ appealed to the Circuit Court, where the appeal is still pending.
Claims of general
or
.
.
W. general mortgage class.
York, trustee of the D..& R. G.
61,809
$465,000
share——————k
common
figures.
Notes—(1)
for
•
Chemical
$1,099,653
$866,513/ $1,161,462
146,401
143.455'
—
per
*Adjusted
54.000'
$878,306
and equitable treatment of the interests or claims
rejecting it, and it is hereby confirmed."
v ;
• 1
Objections to confirmation had been filed by the D.
R, G. W.
The- Missouri Pacific and
the City , Bank Farmers, Trust. Co.. New/.
•
income.
cn
Judge Symes said he foiind the plan "makes adequate
his opinion
those
of
'
the
Consolidated
income.
taxes
Dividend—
dividends and surplus—
common
160, p. 829.
In
provision-for fair
821,127
153,899
depreciation.;—
Federal
$955,029
$932,306
before
lor
the
713,264.
700,062
—.
dividends declared-——-
Balance
Preferred
-V.
280,631/
307,860
Federal
taxes on incomeincome——k_i.—
on
Balance before
,
Total
86,144
-
other than
Taxes,
Federal
100,040
280,918
Maintenance
$155,173,127.
7,5*76,575.
12,614
far
.Earnings
$3,210,472.
508,449
$3,325,731
'
$9,497,355
701.856
(net)
Provision
$3,210,757
Dr286,
Drl.151
J. Foster Syrncs of the U. S. District Court at Denver on
1 approved the ICC plan for reorganization of the company and_
subsidiary,' the Denver&• Salt;Lake Western RR.
.'
:
the plan reduces capitalization fipm approximately $240,000,000 to
its
395,314.
-
1.6,896,578
—
income
Approved—»
Judge
•
$9,102,041
r
307,198
exclusive of depreciation'
____
administrative aire! general expehses.
Provision
1943
earnings—.
gross
.
Denver & Rio Grande Western RR.—Plan
.
$3,326,882
revenue—:
Rifkind on the-motion of.
The action was taken
X. McGohey,
Attorney John F.
part of the Government's efforts to collect .income taxes from' the
Warren line, whose revenue derives from fees paid by the Lackawanna:
for the use of its facilities,—V.: 160, p. 1966.. ;•/• ,
-,
' V
Nov.
"1943
.
$8,145,135
sales,
Balance
Other
1944
Ended Sept. 30—•
9 Months
of the Warren RR. were"
as
725
160, p.
Co.—Earnings-
Connecticut River Power
of
Selling,
2,449
made for depreciation.
Cost
$69,500
Nil'
$63,799
-—
—
1944
k
$8,452,333
22,494
19,214
'
Note—No allowance has been
Sales' to
5,113
~
States
United
Subsidiary Cos.
"V
'
less returns, allowances, etc..
foreign KUbsidiarieS~.---._~
$91,994
—
.
write-off——————
before
Profit
•
taxes
for
Sept. 30—
Sales to customers-,
$86,881
$83,013
income
Provision
9 Months Ended
...,14,342
revenue
Including Wholly-Owned Dohiestic
186,105
$68,671
Operating profit
Non-operating
of
Co.
Continental-Diamond Fibre Co. (& Subs.)—Earnings—
27,070
$250,729
182,058
operating cost—
and
Southern'Can
appointed a Vice-President in 1943, prior to which he had been asso-v
with various departments of the company —V. i60, p. 2069k
produced——
metals
from
income
Development
1928 upon the company's, acqui-•
Baltimore.
Mr. O'Connor.1 was;
to Continehtal in
came
the
of
eh joined
ciateci
—
--
O'Brien
Mr.
-
y.
.
Payments by the company to shareholders
Oct; 23 by Federal Judge Simon H*
.'
*
•
1943
1944
Quarters Ended Sept. 30—
ore
the
Vice-Presidents.
RR.—Payment of
Western
&
Lackawanna
Fees-Stayed—.
Conway. Chairman of the board and President,;.announces'
resignations of Prank J. O'Brien and Eugene J. O'Connor, both
C.
Carle
sition
Ltd.—Earnings-
Coniaurum Mines,
Tons
Delaware
Continental Can Co., Inc.—Officials Resign—
Calls Bonds—
'
Net
Net'
earnings
earnings
.
after
" ••'
,
,
1944 -r ■
$3,204,080"
1943
$4,104,253-
812,173 ".,';
977,429
decrease
A
dollar
in
Franklin
ended
period
nine-month
the
during
sales
because
Sept. 30, 1944 over the corresponding span of 1943, principally
"of lower prices,'is reported by James S. Ogsbury, President.
and
nine-month
to further
'adjustment
An addition of $100,000 has been made to the reserve
for
transformation from war production to normal production and
'deducted from profit in the first nine months of 1944.,In the samp
'period in 1943, $200,000 was reserved for this. purpose.'' :■ \r
He
said
tl)at there has been some smaller physical volume of
'production in the Fairchild plants but the sales total decline is
"principally because of lower prices," adding,
"Profits are lower
'than a year ago because of this lower pricing policy, some increased
costs, and because of a more conservative estimate of t#) profit to
the
part
of
1944
and
Government
the
earnings,must therefore be considered- tentative and subject
.
.
be
<
•than
in
renegotiation."
fourth
for-the
the
fourth
with the
parison
than
volume
less
in
contracts to be reduced or cancelled.
to substantially reduce our unfilled orders from
existing
work
months of
several
have
still
we
"We
be
to
continue
Frank. Rubenstein
from
•
reduced from the
previously
had
1943
received
not
closed
were
and
the
from
To, Pay 50-Cent Dividend— \
'
1943.—V.
23,
announced on
was
Nov.
.
1939,
1,
Mr.
Additional
plants
He
and
100,000
—
of
having
114,000
•sinking fund debentures due Sept. 1, 1959 (with
stock purchase warrants) at 100 and interest.
be used for working capital,—V.
will
Proceeds
v
160, p.
the
Tons
3,300 engines monthly,—V,
stock
common
defining, the
solidation
under
the
of
$2.75
or
in
this
by
warrants
cash,
account
the
attached
circumstances
certain
of
the underwriters
to
common
at 10
warrants
50,000
shares
100,000
purchase
Harrison
Marine Midland
Agent—The
Transfer
948
provisions
and
Cost
merch.
of
sold,
Federal
taxes
:■
16,293,350
13,380,182
7,797,355
$2,897,647
$2,316,514
$767,585
21,591
179,640
184,477
128,944
'Net "income 2———:
inc.
$904,148
350,000
$230,362
$986,052
$696,1^8
$1.65
$0.93
$4.00
.:Net income
208,000
$2.82
income, but
:
''After
shares
:
;;
Adjust Capital—
and
its
F,.
.
of
Philadelphia- -Changes
in
the
newly
created
position
former
the
board
Vice-President
elected
of
the
to
the
companies
Insurance
delphia
Co.,
in
similarly
the
Fire
made
&
Cohu ,&
Frank
by the boards of the
Group; namelv, Lumbermen's
H.
East
Coast Ry.—Control
by Atlantic Coast Line RR.—
See latter company
above—V. 160, p. 1967.
Would
to
be
2
Mead,
and Phila¬
be
has
war
&
Co.
&
4,300
3,655
3,225
3,225
,
The
2,850
& Co.—
2,850-.-■'
Woolfclk, Huggins & Shober_
-1
2,850
2,280
&
2,150
1,720
2,280
Space & Co., Inc._i
2,280
2,280
Taussig, Day &• Co., Inc.„1———_
Emanuel &5.Cq.—2i.:—j,
1,720
.
2,280
'Johnson, Lane,
McAlister,
—V.
160,
P.
Co
J
1,710-
*
•
1,290
1,290
.1,290
The
;
1862.
.directors have voted to recommend to stockholders a three-forof the capital stock.v
...
,
;
j
are
..
119,304 shares of no-par
common
stock
p.
preferred,
1400.
'
reconversion
Authorized
value)
par
is
•
300,000 shs.
transfer
the
At
appoint Central
expects to
and National
agent,
time
present
company
acts
registrar.
agent and has no
&
&
Inc.
18,000
Coburn
13.000
Co.,
Buckley
Courts
12,000
Republic
Johnston,
Co.__
Hurry
2,500
2,500
Middlebrook____
2,500
Walter &
Brothers 1.
Inc. 20,000
Sons,
Shares
Name—
Bingham,
20,039
&
Co
&
2,500
Co.___
2.500
Louis Co.
2,500
2,506
Lemon &
7,200
Metropolitan
7,000
Pacific Co. of Calif
&
4.750
Shuman, Agnew &
Ohio
Co
Co
Baker
R.
L.
Alfred
First
Co
&
Co.,:
.
Bradford
Co.
Kay,
A.
I.
Kidder
A.
&
3,000
2,000
2,000
&
Co.,
1,500
Co.,
1,500
Investing
1,50.0
Inc.
Murphey, Favre & Co
1,500
Nashville Securs. Co._^^___
3,000
Auchincloss, Parker & Redpath
2,000
Co.—_.
Co
Evans
Mohawk Valley
..
Co.__
Ferris' Exnicios & Co., Inc.
'3,000
Inc.—.
2,000
&
Inc.
3,000
Straus Securities Co.^___„_
2,500
2,200
Co.—2,000
&
duPont
Richards &
M.
Clement
of
Space &
Lane,
C.
3,000
& Co.__
Chicago
Hirsch,* Li lien thai '& Co.
Johnson,
J.
Francis
3,000
Chapman
Securities
&
3,500
CO.__
Bond
3,(l>00
Co
&
Mason,
4,500
Co..___
Inc.j._._
Moran &
Goodwin,
4,500
;
Baker &
Cruttenden
Farwell,
St.
1,500
2,500
Income
Statement, Years Ended Sept.
30
"
■Cost
Net
Other
Net
Net
gen.
profit
$2,766,833
2,383,054
1,859,874
230,995
218,907
255,324
operations.
$735,235
$688,052
$409,431
60,711
from
51,864
121,063
$795,946
$739,916
31,805
$530,494
$795,946
$708,111
$517,601
307,800
283,500
169,300
;
—
deductions
profit
Federal
before
income
^Federal
State
excess
income
1942
$1,787,951
1,123,195
expenses
adm.
&
income
profit
1943
$3,349,284
sales, less returns
of sales___l
Selling,
•
"1944"
"
,
Gross
taxes
taxes
profits
12,893
16,200
taxes
9,000
"V.BOO
$462,946
$415,611
$341,101
—300,000
225,000
270,000
.
outstanding
de¬
rene-
Outstanding
400,000 shs.
:
of New York
registrar.
York
or
in normal times
Edwards & Sons„__,
;
taxes
*
9,000
^
with
the senior issue having been retired in 1942.
If the
proposal of the directors is. approved there will be issued 357,912 new
common
shares in place of the presently outstanding shares.—V. 160,
no
Sutro
.Other
split-up
material
devoted
Capitalization
Co.__
&
Rollins
Central
300
Gamewell Co.—Plans Stock Split-Up—
■
indicated
presently
are
the company
of war
reason
the
satisfy
company
Shares'
Eberstadt
-
300
1,710
($2.50
transfer
bv
years
to
the
soy¬
Production
Canada.
,,
Bank & Trust Co,
own
H.
H.
300
1,710
Smith & Pate. Inc
Herbert W.-Scbaefer &
-
•
recent
sufficient
business of
,
Reynolds & Co
400
400
2,150
2,150
2,150
in
extent,
The
1,720'
2,580
territory includes, generally,
small grains,
limited
Otis
1,720
1,720
2,580
2,850
HanO^:
Robinson
2,580
3,420
.
a
Butcher & Sherrerd_„_"__L
700
600
600
600:
600
600
500
500
500
500
400
40O 400
3,420
—
its
A. G.
3,010
2,580
been
Name—
750
750.
700
2,580
sales
restricted
not
Bankamerica Co.
3,225
3,225
3,010
-
3,420
Inc._
S.
;
3,420
Co
Offered—An under¬
'■
stock
E.
1,000
1,000
850
850
750
750"
3,990
Co._"—f—L---—-—
,
purchase, are as follows:
34,000
4,275 ',
3,990
.
(Idaho)
Boise
,,
;' Underwriting—The names of the underwriters of the 177,689 ' shares
of common stock, and the amounts they have respectively agreed to
:';•''
3,655
Its
and, to
:
F.
4,300
4,275
^
company's
2071.
p.
Transfer Agent and Registrar—Company
as
as
are
17.200
4,845
Schoellkonf & Co
Irvine
each,
;' ;
4,845
-
160,
producing wheat and other
been
has
and
City Bank of New
addi¬
5,700
& Co.,.-,222-_^2-122'V"
the
of
See V,
productive facilities of the
production.
Company has no
Hanover
respective
22,800
Co.—
&
Co.,
one
Acquired
by
v
purchased
.'Ames,. Emerich & Co., Inc.—1—j.
Coburn &■ Middlebrook.—
L
,
•
from '•'v-.";'.from
22
Company Shareholder Warrants
Torrey—
&
opening
the
Shares to be Purchased
v
.
Johnson
'Frederick
effective
the Rqjiance Insurance Co. of Philadelphia,
Co.—V. 160, p. 1735."
<
and
Securities " Corp.3,420
Newburger
H.
National Insurance
Florida
Co.,
Lemon
Doolittle,
There
«,
warrants
Co,^—4,275
&
Adamex
company.
Association
and
sale
No
Common
;
,
Irving J. Rice & Co.—I...—-—I
Presidency
of
cost
5,700
:J. C. Bradford'&
of
'Kenneth B. Hatch, Vice-President, has been elevated to the senior
underwriting post governing country-wide insurance affairs of the
tompany, assuming the former responsibilities of Vice-President James
,G.
Mgconachy,
whose resignation
the board accepted with regret,
-acceeding to his request for retirement.
Mr. Maconachy will continue
as
a
director.
*
were
the
underwriters
Sons, Inc.2
Simonson
■Johnston,
,
actions
the
Inc.—
'Hill, Richards & Co.—,f_:
Chairman of the Board, which carries with it all of the responsibilities
of
the chief executive officer.
To fill the vacancy, created by Mr,.
LaneVadvamcbment,
to
of
Co._
&
Pitman
J"
has-been-elected- to
defray
and
names
5,987 shares of its $3 pre¬
Funds for this purpose
dividends.
and
the
crops.
States
.•
used for general corporate purposes.
It
will be used for further expansion, including
Beryn T. MooreCo., Inc.—4,275
Per-
'
Lane
other
similar crops
•gotiation problems,
highly competitive.
$278,794
"
Noel
Rollins. &
Loewi
R.
other
to
$378,794
.
$674,794
-
Cohen,
.
These
514,364
refund
post-war
Childs, Jeffries & Thorndike, Inc.—
First Securities Co. of Chicago
2
(par
Association
$834,173
$147,574
.
redemption
share
a
from
subsidiary.
a
combines
100,000
capital,
::
Alstvne,
H.
Courts
»
.Thomas,
$674,794
■
shares now owned.
The decrease in the stated capital,:
amounting to $1,940,237, would be transferred to capital surplus.
The
common
stock would then be sold at public offering.
It is estimated that ^Federal Water would receive from the under¬
writers $1,190,800. which it would use in the retirement cn May 1, 1945,
"of, $1,098,000 5We debentures, or - the entire amount, outstanding.
In February. 1943, the SEC ordered Federal Water to divest itseli of
all interest in the Ohio concern.—V. 160, p, 1294.
,'Y-
Otho. E.
$834,173
■;, ;';2'-/
T''
■
'
'
•
26,960 class A
,
$147,574
.
Van
sonnel—
$52.5G
Wetern
and
conditions
of $185,109 for 1943;
and $39,564 for two months, ended. Aug. 31, 1944.
shares
of
follows:
$10)., making an aggregate par value of $1,215,660,
Federal Water then would hold 80.860 common-shares in lieu of the
Fire
*1,824,441
estimated
working
stores.
number
stock now outstanding consists of 40,522 class A com¬
mon shares (no par),
but with a stated value of $3,155,897.
The first step
in the plan would be reclassification of the Ohio
Water Service stock, in accordance with Ohio law, into 121,566 comr
^
$893,158
*2,217,755
these proceeds
additional
capital stock.
capital
Corp.,
mand.
—
1944;
for
believed
tional
subsidiary, Ohio Water Service Co., filed
Nov, 15 with the SEC an application asking approval of a plan for
Federal Water to sell to an underwriting group all of its stock interest
in
Ohio
Water Service,
amounting
to 66.53%
of the outstanding
corporation
has called for
at
obtained
certain
beans
Purpose—Proceeds will.be
is
.
—
deducting
to the stock¬
'
"
:
$1,336,052
68,000
$407,796
com.
shares
$2,499,235
losses:.
inv.
■/;
is approximately the amount provided in the corso that there will be no change in the net income
originally reported."—V. 160, p. 2071.
':
as
stock
Middle
&
before res.—
for
,1862.
Business—Company is an established .manufacturer of combines used
the harvesting and threshing of wheat, rye, oats, barley, soybeans
of
4,228
$298,362
Federal Water & Gas Corp.—To
•mon
3,371
$3,051,928
$531,297
Fed.- inc.
Prov.;.for
Underwriters—The
The
$896,529
1,756
-■
■
:V* After depreciation and provision for Federal taxes on
before depletion and year-end. adjustments.—V. 160, p. 727.
The
$2,500,991
25,359
./
6,223
$229,919
-
in
68,150
$547,796
140,000
*Net income
per
$3,077,287
$537,520
deductions—
Net
adjustments
!
1942
.1943
-
$515,929
■
p.
Castings Corp.—1943 Renegotiations—
writing group headed by F. Eberstadt & Co, offered
10 177,689 shares of common stock (par $2.50) at
$18 a share. .These shares do not represent new financring by the corporation, as they were acquired from the
Commercial Credit Co., which has been the largest stock¬
holder of Gleaner Harvester, with 59% of the 300,000
shares of common-stock outstanding.
-Years Ended June 30-
2,803,394
:
160,
Gleaner Harvester Corp:~Stock
&
income
one
quarterly payment now due, plus 75 cents
Nov.
operating pi-ofit-
etc.
of,
common
1 and
dividend of
stock.
The
June
Hoblitzelle, President, on Nov. 15, in a letter
been
Water
regis¬
York;
1
exps.—"—
Reserve
Prov, for Fed. inc. taxes
"Earns,
have
year-end
and
come
^
1944
Steel
company
ferred
and
in¬
on
New
Co.,
1943
The
'
depletion,
deducting
Trust
&
Gross
of
1,
General Water, Gas & Electric Co.—Redemption—
Net
•
share
one
March
paid a cash
share of common
a possible refund, to the Government
upon such renegotiation.
"The; renegotiation proceedings for 1943 now having been concluded,
$8,564,940
■
121/1,500ths
of
on
company
the amount refunded
for
sell.
—:
stock
the
•poration's accounts,
$3,319,323 $19,190,997 $15,696,696
"
gen.
44/'1000ths
or
ago
for
stock,
common
L ;: >383,723
,
2071.
warrant share.
per
purchase
2 Mos. End.
Aug. 31,'44
-Net..sales YiLi- Y—.id-
:\'r\
3,299
1,335
output
of
rate
a
corporation's annual report for the fiscal year ended Dec, 31,
•1943. was issued before proceedings had been started for renegotiation
of the
corporation's profits from Government contracts during that
year. • Accordingly, as explained in the report, the year's profit from
operations was stated after deducting an estimated amount to provide
Earnings for Stated Periods
)'■
by lessees—
•Net income after depre;
ciation
but
before
for
"This
of common, stock,
stock are being sold
cents
to
trar, Manufacturers Trust Co., New York.
1735.
prod.,
produced
call
said.
160, p.
preferred
year
arrearages.—V.
holders; said:
under
50,000 shares
remaining
the
A
or
of
General
the
to
purchase
to
the-company
Of
Offered
58,821
22,961
15,297
produced
of shipping
Tons
without inter¬
that the new
with the present.
dividend of $2.25 per share on the $6
a
cash
in
on
year,
dividend covers the
current
on
each
made
were
1,
issuance
merger,
assets
the
Int.
'
involving
engines,
new
been carried on
of engines and
their option, may receive common stock at the rate
share for each share of preferred stock. Distribu¬
at
$1.50
Sept.
warrant' holders in the event of con¬
of convertible securities, distribution
dissolution or liquidation.
-- ;
of
rights
or
of
stock
,
concentrates
of
the
for
has
types
board
resolutions,
The
$1).
(par
tional
1944—9 Mos.—1943
1944—3 Mos.—1943
Period End, Sept. 30—
v
tooling
current
to
Curtice
engines, totaling 72,000,000 horsepower, have been manu¬
over
a
period of 32 months with ouput having reached in
stockholders,
tions
which these warrants were
created contain, provisions concerning the
adjustment of the price
at which the same are exercisable and . the number of shares to be
issued upon the exercise thereof in the event of the issuance of addistock
warrants
Co.—Earnings—
of
output
Mr.
■of 66/lOOOths of one
of directors taken on Sept. 20,
1-944,' the company was. authorized to issue warrants entitling the
holders .thereof to purchase at $8 per share, on or before 2 p.m.,
Eastern Standard Time, on Nov. 1, 1947, 100,000 shares of common
Other income
Federal Mining & Smelting
that
machines,
new
rate
high
a
accelerated
an
General Shareholdings Corp.—Div. in Stock or Cash—
of $2 per share, into 586,000
There is being offered by the
of common stock, which are
to the underwriters.
of
action
Warrants—By
Co. (Inc.), Peltason, Tenenbaum Co.,
Webber, Jackson & Cur¬
16 an issue of $2,000,000 15-year 5%;
Nov.
ai
operating
cumulative Convertible preferred stock (optional stock dividend series),
payable on Dec. 1 to holders of record Nov. 21.
In lieu of cash,
stated value
a
the company
by
sold
being
Central Republic
offered
announced
1,200
The directors have declared
;
stock (par $1).
additional shares
common
new
E. W. Clucas & Co. and Paine,
tis
been
planning
new bomber engine will supplant the present
giving the Liberators greater ceiling and range and generally
of
excess
Outstanding
—
(par'$1),- but
underwriters
has been
dependents,
Co.—Debentures
Welder
&
have
by'the Army Air Forces,
indicated that the
factured
(Giving Effect to Present Financing)
reclassify the 293,000 shares of common stock then outstanding
to
shares
•'
Machine
Federal
Twin
The 60,000
insured become hospitalized or undergo surgical
are
Whitney
performance.
Future schedules
substantially above the current levels, he
;
^warrants to purchase 16,667 shares have been sold to Albert Ruben¬
stein, executive vice president, director and stockholder; warrants to
operations.
r
—
'/
—
purchase 16,666 shares have been sold to Harold Levin, treasurer and
The plan will continue to be underwritten by the Metropolitan Life
director;: and warrants to purchase 16,667 shares have been sold to
Instance Co. on a cooperative basis whereby the employees conMarcus Rubenstein,: secretary, director and stockholder.
The purchase
Tribute fixed amounts and the employer bears the balance of the
price in each instance was TO cents per warrant share.
,
TV ■
)
entire net cost.—V. 157, p. 2448.
- •'
/•::
they
whom
,for
&
Manager, of
Wasp engine
General
Curtice,
Pratt
improved
By amendment to the company's certificate of incorporation, effecSept; 29, 1944, the capital stock was changed so as to increase
the authorized common stock from 400,000 shares to 1,000,000 shares
Co.—Insurance Benefits—
under this company's group plan
benefits payable to employees when
by Harlow H.
60,000th
are
down
production
R-1830,
.
coverage
provide
to
the
production will be-launched concurrent
accounting departments,
art and print¬
tive
Of
included
of
and
Curtice
than
rupting
which
City,-
Buick
summer
more
•
,
Completes 60,000th P. & W. Engine—
announcement
.
Federal Drop Forge
1946.
28,
throughout
meet new
said. These
involve
two
new
types of engines of greater horsepower and per¬
formance, one for Liberator bomber production
and the Other to
power the huge Douglas C-54 military transport.
payable are owed by subsidiaries of the company.
shares are reserved for issuance upon exercise of
mortgages
which
.warrants.
;
,
The
manufacturing,
does: no
„; *The
tOf
that
13
cor¬
1942,
Oct. 31,
:
David Baird, Allison L. Bayles,
Thomas P. Durell, Paul H. Hill, Thurlow E. McBride, James S/ Rodie,
Lewis J. Stern and R. Emerson Swart were elected members of, the
board of directors.
Other directors are E. I. Kleinman, J. M. Doroshaw and J. S. Ackerntan.
•
% ~
/
This corporation is one of a group of industrial companies oper¬
ated by American Industries Management Corp. of Chicago.—V. 159,
,p. 1972.
It
established
was
pace of Liberator bomber engine production is being main¬
by the corporation's Buick" division, it was disclosed on Nov. 8
schedules laid
Mortgages payable —*$331,431
Common stock (par value $1)
tl.000.000 shs.
700,000 shs.
Faraday Electric Corp.—Increases Board—
-r:'
July
York
iri New
•
its buying and
Authorized
>
160, p. .1735.
Feb.
completion
the
its receiving,' packing, distributing,
Capitalization
The directors on Nov. 13 declared a dividend of 50 cents per. share
on
the capital stock, payable Dec. 21 to holders of record Dec.
15.
'A similar payment was made on Aug. 11, this year, and on Aug. 12
Dec,
general offices
offices,
its- executive
stock rooms and
pany
;
and
the
departments." The principal sources of merchandise sold by the
company are located In the metropolitan area of New York. The com¬
— i'p
'
agreement which permit the
Agreement
by this automobile manufacturer.
ing
price
1
beginning"
year
"When
tion in net earnings from $4.29 to $3.67 per share."
the
terms of
Credit
stiff
A
At present time company oper¬
.';
Company-maintains. its
■
report
annual
the
determination
final
the
fiscal
the
of
stores.
50
include
•its
prepared, we
adjustment
board and
it was therefore necessary that
a
reserve for estimated
renegotiation be established. This reserve was set at $5,925,000, an
•amount we considered
reasonable based on our experience to that
time.
Final renegotiation has recently been completed and this' reIquires an Increase in the amount reserved for this purpose from
$5,925,000 to $6,696,645.
After adjustment for taxes the reduction
in net income from that previously reported is $210,860, or a reduc¬
for
books
our
to
tained
Present name was adopted on June 12, 1943.
commencement
the
At
ates
,
He said:
extends
/with the
'
ahead.
reported $4.29.
a
.the company was operating 27 stores'.
'
,$3.67,
Corp.,
Stores
itself.
by the company
has been
ago, although
a year
Motors
Buick Division
operating 23 stores.. In 1937, the company acquired three stores
Harry-Greenburg, now a director. All other stores were opened
•then
The effect
almost
engaged
the
to reduce the maximum available credit upon 90 days' notice.
General
and
in 1935 under the name of
it acquired the business of
Louisiana corporation, which was
Frank
exclusively in the production
and development of products for war use.
We are looking forward,
however, to the early opportunity of giving more time to the deVelop"ment and
production of new and improved products for which we
hope there -will'be a continuing demand in peacetime."
Mr. Ogsbury further reported net earnings per share for 1943 were
'
with
accordance
poration
Company was organized in Delaware
Rubenstein Stores Corp., when
T
for some
and
shipments
corresponding
in
In 20 stores, the company also sells children's apparel and, in
some'of. these, infants' wear as well.
All sales are on a cash basis
and no credit is extended except in one store in New Orleans.
patter quarter witnessed the greatest physical volume in the corpora¬
tion's history, and prices this year are considerably lower,
{
"It
is
natural
at
this stage of
the war for new orders to be
received
V-Loan Credit Agreement.
obligation of the banks to extend credit to Gen¬
which Will become effective Jan. 31, 1945, has been made
The
bags,
be poor because this
1943 .will
9 announced
Nov,
on
bank credit that has been available under its
eral Motors,
.apparel, such as dresses, fur-trimmed and cloth coats, furs and fur
coats, suits, lingerie of various types, hosiery, sportswear and hand¬
are
quarter of
Jr., Chairman,
Sloan,
■
Mr.
quarter
P.
This reduction in the
Business—Corporation operates a chain of 50 retail stores, including
three through wholly-owned subsidiaries.
These stores are located in
"Arkansas," Louisiana,
Minnesota,- Mississippi, Oklahoma and Texas.
Merchandise, sold
consists
of women's and
misses'
medium priced
Ogsbury continued:
expected to be moderately less
average for the first three quarters of this year, but com¬
allowed
"Sales
Re¬
Credit
Bank
that the cor'poration has reduced from $1,000,000,000 to $500,000,000 the revolving
Alfred
■
.
Corp.—Revolving
duced—
director of the company.
a
Motors
General
.
fered, 114,000 are being sold by the company and 86,000
shares for the'account of Frank Rubenstein, President
.
'
on
banking
Offered—A
Corp.—Stock
Stores
headed by Van Alstyne, Noel & Co. offered Nov.
10 200,000 shares of common stock (par $1) at $8 a share.
The issue has been oversubscribed.
Of the shares of¬
group
D.scussing the difference in net earnings for the two nine-month
"periods, Mr. Ogsbury said, "Results for both periods are after reserve
for estimated renegotiation, but the 1944 reserve is based on a more
conservative' estimate
of the profit to be ail-owed in renegotiation..
While
we
consider
this
reserve
ample, it does not constitute any
'commitment
2183
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4335
Volume 160
Net
profit
Dividends
*After post-war
refund of $1,800.
.
and
accrued liabilities,
$391,188; employees' payroll deductions, $8,221; common stock ($2.50
par), $750,000; capital surplus, $859,641;- earned surplus, $1,364,349,
total, $3,421,662.—V. 160, p. 1862.
,
'
having
in
made
been
the
the
for
will be
bonds
first
full
year
$862,500.
;
Company—Company was incorporated
in
the
on
•
Texas Jan.
1906.
9,
154
communities,
adjacent
electric
the
business,
rural
sells
and
company
As
areas.
small
a
incident
an
to
its
steam
of
amount
to
Paper and Fibre Co.
In addition, company sells,
with dealers in the sale*of electric appliances to
,
operates
tomers.
■
."
•
■'•
-v
,
and co¬
Its cus¬
y-
The
aggregate population of the territory Is estimated by
at approximately 865,000.
The
entire
fuel requirements
(natural and refinery gas), of
company for
the purpose of producing its power and energy
company
;
'
1943
1944
1943
1944
1944
$42,650
$42,200
$2,022,880
—v.
:■
$1,722,675
ceeds
V'.v.v-'
/
The
Co.—Financial Statement—
bonds
estate
Real
;
and
Interest
assets
admitted
Other
—.i-i—- $51,695,858
that
Reserve
Reserve
'
Surplus
'
The
at
carried
Notes—Securities
the
in
$884,609
will
held
aside
set
dividends to
*;'■>r,'/1!::-"v,-. '-' •■!•;,
deposit or
during 1944.
on
..':
'■
.
shown.—V.
160.
of
continued
experience
who
has
required by law.
Sept. 30. 1944, market quotations for all bonds and
this company's total admitted assets would be increased
to $53,277,681
and the. voluntary reserve for contingencies, including
fluctuation in market value of securities, to $12,354,235.—V. 158, p. 671.
Chairman
elected
been
Committee.—V.
160,
of
and
of
;•'.
the
Board
;
Globe
cruals
-Clears Up
Rutgers Fire Insurance Co.Second Preferred Stock—
&
on
Ac-
cumulative
$1
Dec.
on
the
on
Sept.
1943 the company paid 25 cents each
and June 15; 50 cents on Sept. 15, and $1 on Dec. 10.
31
Gross
The
1.
dividend
previous
1
(& Subs.)—Earnings—
"
$3,560,271
$2,946,058
182,167; i '223,947'
201,970
.
Other income
8.-
■'
Cash
The
tread
is
tire
service,
tire
disct.,
Federal
and marketed by a
major rubber company since the start of the war was announced at
■Akron, Ohio, on Nov. 16 by B. F. Goodrich—a mud-snow "shoe"' with
button-bar
&
int.,
State
mail
160.
W.
7
"v
,
■
usefulness* to farmers,
and vl utility service men.—
'V
'
'.
•'■•'';:
dividends
The
York
New
(additional
Stock Exchange
shares
•of issuance
of
The
the
shares
500
special
a
its
common,
has authorized the listing Of 150.000
stock (par $1) upon official notice
things,
of
The
meeting
of
board
the
of
the' corporation
of
directors
»of
>shares
(being
iof
City
its
of
is
was
authorized
to
but
capital
and
delivered
in
issue
unissued
•
'
■
:
such
issuance
stock for each share
shares,
common
^tock of Warren City.—V. 160, p. 2077.
...
1736;
P.
$3,357,984
The
4
to
York Stock Exchange has authorized the
listing of $35,general; mortgage 3)4 V
bonds, "series K, due -Jan.-1, 1960;
:$30,000,000 general mortgage 334^ bonds, series L, due Jan. 1, 1970,
•.and
$35,000,000 general mortgage V/zVc bonds, series M, due Jan.
1,
1980.—V. 160, p. 1969. V
'
v •,
•..
.
the
The
to
■common
rtock
(has
in
been
announced
of
Geometric
business
for
Nov.
on
and
Tool
50
over
that
8
an
it
has
made
Co.
investigation,
of
New
years, and
to
an
Haven,
makes
a.
line
of
The
are
New
-stock
York
3%
now
Exchange has authorized the listing of $10,debentures due Oct. 1, 1959, all of which'
and 50,000 shares of 4>/4 '^ 'cumulative preferred
all of which are now outstanding,—V. 160, p. 1631.
fund
outstanding;
(par $100),
•
,•
stock
"Unlimited
;
(no
as
the
•the
in
first
was
allowed
proceeds
<anteed
wi'l
be
T§e
also
1944
concluded
under
that
left
no
to
.
in
of this
the
change
be
to
made
at
in
to
the
interest
In
contract
the
approve
dividends
settlement.
policy
'on
voted
was
year
of
accumulate
opt'onal
an
stipulated
directors, it
distribution
of
estimated
each
with
no
basis
of
*
in
or
case
guar-..
distribution
as
dividends
to
;
•
■
"
•
'
certificates.
is
company
RR.
has
To
accommodate
declared
ef¬
stockholders,
foreign
until
1
.
»
.
.
advising
1 on the
160, p. 1969.
leased
line
certificates.
'':4"4'4; 4
,"4
Insurance
Co.
of
(See also
;
,
America
North
New Simplified Aviation Accident
;
An¬
—
Policy—
4
and simplified aviation accident
flying
•North
and
water"
and
in
South
between
the
America.'
limitation,
Latitude.—V.
reference
p.
is
'
"three
52nd
;
.
ar.d .other
States
no
to'the
1353.
159,
United
There
no
,
hundred
60th
or
parts
miles
of
over
of North
degree
,
Indianapolis Water Co.—Earnings—
12 Mos. End; Sept.
.
Halsey,- Stuart
Gross
maint.
30—
1944
revenue
Oper.,
ment
,■«"•
•
& local
1,130,254
-
charges
deductions
996,104
$1,135,295
Interest
$1,079,282
504,875
.2-1*:
,79,821
$550,599
.
7. ;
$544,356
•
-
7- 825,726
r 958.044
$1,106,428 1 $1,205,854
504,875
30,051
avail., for; divsi™
Other
$3,060,239 $2,964,320
' 4 ';
7 995,768 -•: " 932,739
$2,205,640
1,164,834
income
Net
1,135,512
•:;
taxes.,
1941
1942
1943
$3,435,641
& retire-
depreciation.
or
All Fed!
Pal
.
—V.
1402.7
160. p.
504,875
72,220
-
'504.875
71,674
3 Months Ended Sept.'30—,,
and
$529,333
(& Subs.)—Earnings—
-
••■<./
•-7
;
»
sales
1943
Sl.059,698
other
amort,
in
respect, of
inv.
in
-666,836;
Dal ton
7 596,570
•
••
Co.
Ore
'
revenues/ after
and
for
•Prov.
1944
$1,021,367
\
v
deducting cost of
expenses2______;_______.iV.
Depreciation & amort, of emergency facilities.*,
Sales
$629,306
v) 4
Interlake Iron Corp.
•"•
to Present Financing)
Balance
Authorized
.
$30,000,000
97,397 shs.
517,999 slis.
limited
but
Prov,
Outstanding
"Unlimited
175,000 shs.
600,000 shs.
88,800
104,850
$265,731
••
5358,278
by
8 Mos.
Note—No
!deprec.,
.■ncwals,
t
ancl
surtax
profits
Net
tax
oper
7,005,783
1,772,468
,i
it
5,467,119
governmental agency.—V.
Other
Intercliemical Corp.-
4,655.059
1,170,501
1,331,271
:
a
The
1,300,000
1,300,000.
1,285,520
1,267,597
1,256,131!
1,193,058
1,286,696
1,248,274
1,159,668
1,922,877
2,629,499
2,052,534
645,744
$2,921,805
$3,993,350
$3,989,276
$4,047,407
7,944
8,074
3,170
9,435
$2,929,749
$4„001,425
,$3,992,447
$4,056,843
799,620
income
Total
deducts..
1,170.191
1,150,879
1,134,563
$2,130,129' $2,831,233
$2,841,567
r~
'
Net
income
.filed
company's
on.
a
•
$2,922,278
income and excess profits tax returns have1
consolidated return basis.
$0.06
160,'p.
1081.
;
'.'
.•
.
.
1
.
*(i'ot' been
-Listing—ReclassiRcation of ,Pre-
York
Stock
of
preferred
presently-'iisfe'd
the >6"cumulative preferred shares of
a special meeting of the shareholders
articles of incorporation of the corporation
by the filing, on Nov. 17, 1944, in the office of the Secretary
ff opio. of amended articles of incorporation adopted at said
a
^pla^to
corporation
Oct.
reclassify
approved, at
.
27,. 1944, the amended
meeting, further amended so as: (a) to change the terms and provisions
or. me
iUO.OOO 6',< cumulative preferred shares which the corporation
is authorized to issue (including all .outstanding shares of that class)
reducing the annual dlyidend rate thereof from 6%
to 4J2'"r, and
redemption price thereof from 410^ to 105'f- of the
value thereof'plus, in each case; an amount (equal 10 all dividends
accrued or in arrears.: ib>.,to provide for, a special cash payment of
by
income"-,—
New
cumulative
Under
,
were,
income
Gross
its
of
excess
—
$0.09
Exchange, has authorized the listing of 79,678
shares ..($100 par,), ppon reclassification
6)i> cumulative preferred shares into iVzVo
cumulative'preferred shares.
1;
4V2 "r
1
the
revenues—
'
.shart____„2„_'„*.,j_______
ferred Stock—
cec oen
ann no
k
939,723
_________
for Federal
ptoi
Mr,
866,666;
874,402,
than inc..
Fed,' normal
other
for
17
1,076,402'
etc.
Prov.
-12 Months Ended Dec. 31——
inn
re-
common
provision
Earnings
of
End.;
4,583,270
__—
Amortiz.,
Taxes,
coo
232,000
$126,278
has been made lor possible changes in prices of
commodities affecting:the company's products on account of orders by
1943
1942
1941
'
$13,185,147 $19,255.39S $16,483,838 $14,318,630
a
profit
Earnings per
earnings
property,
95,000
$170,731
.for^Fed. & State-income taxes (est,
Net
■
Aug 31, '44
..
revenues
interest
policyholders
Central
^
44'' - 4';T4:
•
101.76.
of
policy
on
the
excess
rate
Illinois
.
1942,
;
the'- mortgage, and deed of trust.
continuance
interest
stock
160/ p. 729.)—V.
any.
4
'
The
for
;
bid
1
Summary
■
policyholders.
payable.
amount
685,749
$1.36
1945—
operations
scale
dividends
left
rate
months'
the
on
in
meeting of the
nine
of
1945
It
last
a.
-4
authorization
to
'
Guardian Life Insurance Co. of America—To Continue
At
on
aeries due 1974___™
(no par)*.———
par)*.„4™*—.'I
provisions of
other
and
Prov.
iSame Dividend Scale
13
preferred stock
Maintenance
Stock
slnk'ng
Nov.
(Giving Effect
Operation
4000,000
'
;
$1,325,588 • in 1943, $750,000
profits tax.—V. 160, p. 627.
bonds, 2% %
cumui.
Operating
Corporation^Listing—
for
policy—the first of its-kindannounced
on
Nov.
14
by 1 his company.
The new policy is
broader than any heretofore issued, and is being offered at ho increase
in rates.
•'/
•/.
•'<7
,
This new policy covers the insured while traveling in the aircraft
of a regular airline anywhere in North and South America.
Simplicity
•has been achieved by elimination of all references to designated air¬
'■••'•• ••• '',":
685,749
$1.65
(•' ■•^
^4:.'4
.X!
Greyhound
Committee
has extended the time for deposit from Nov.
11, and is offering the same extension to other, holders.*
A new
remaining
Any
4 -.4
olfer,
automatic
RR.—Exchange Plan—
was
and
105
1st mtge.
$4
buy all the
Conn., which
opening die heads and collapsible tans.—V. 159. p, 10.
r
'
capital stock from
shares of $ly par value.
y'vv
\
the
"
•
conditions
certain
500,000
4.;
4
4 4
increase
■
•
corporation
7 ■•'..
1944.
excess
Capitalization
Common
subject
in
awarded
.
Tap & Die Corp.—Proposed Acquisition—
to
value rto
committee
nounces
proceeds (approximately $30,363,000) will be used to
int. $27,500,000 first mortgage bonds, 3Va^ series,
balance'of the net proceeds will be added
working capital;
4
,•
at
1966.
New
Greenfield
voted
par
Bureau.")
News
Indemnity
Purpose—rNet
<000.000
»
V.
if
redeem
Railway—Listing—
$1
annual payment due Jan.
.
due
Great Northern
Co.—J
leased line stockholders that semi-annual
viulerest tlue Dec. 1 on the exchanged bonds will be paid to all holders
who deposit certificates on or before Dec.
11 in lieu of the semi¬
with the trustee at special redemption prices ranging from
redeemed during 12 months period ending Oct. 31, 1945, to
100 and int. after Oct. 31, 1973.
•■"1
^
1,250,000
1,250,000
&
a
The
paying:, agents as the company may appoint.. Bonds, will be- redeemable
at the option of the company in whole or In part, at any time on at
30
days' published - notice atr redemption prices-,, ranging from
t
105Va and int. if redeemed during 12 months period ending Oct. 31,
1945, to 100)4 of redeemed during the 12 months ended Oct. 31, 1973,'
and thereafter at 100 -and. int.".... rv is: • i'
4
*<>'''
4 •(:>
.«.'•
Bonds will be redeemable upon like notice with certain cash de¬
1943Ji
,4-7 $3,770,158
160,
2.500,000
White,'Weld
line
Co.,
102%
1944
ler
;
Tuckef, Anthony & Co.
IjOUIs
Dec.
Lighting & Power Co.—Bonds Offered—An
was
1,000,000
bonds,
posited
4 Weeks Ended Oct. 28—
—V.
•;,.
-4-4 •44/
issue
Co.
least
Grand Union Co.—Sales Rose 12.25%•Sales
1941
in
&
Bros". & Hutz-
leased
Co.,
outstanding capital stock
to: Graham-Paige, and the
exchange therefor 150,000
common
such
•.
•
.
issued
the
required
■
basis of 300 shares of
on the
the
of
shares),
(500
corporation
,,/ri.
-
2,500,000
1,250,000
'
F.
plan to exchange $8,700,000 Illinois Central RR. and Chicago.
<fe New Orleans RR. Co. joint first refunding mortgage 47$
scries D, due 1963,, for a like amount of Illinois Central RR.
St.
Inc., and associates bid 101.69 for 2%s4and Smith, Barney &
Lazard Freres & Co. and Blyth & Co., Inc., bid 101.359 for 27/«s
Dated Nov. 1, 1944; due Nov. 1, 1974. Interest payable May 1 and
Nov:
1 in Houston, Texas,
at principal office of South Texas Com¬
mercial
National
Bank of Houston, trustee, or at offices of such
&
Warren City Manufacturing Co. providing
.
1944, ..all
Aug.-7,-
Warren
.'latter
i
,
The
•
.for the acquisition, by Graham-Paige of all of the issued and out¬
standing capital stock of Warren City by an exchange of such stock
shares of the authorized but unissued common stock of
s
•
$1.69
Houston
interest.
(for. 150,000
.(Graham-Paige,
•
G8&.749'
$1,166,832
of
Executive
fective
" $618,318
____
out-
Sons
Rothschild
L.
Salomon
&
Illinois Central
514,312
$480,781
Shares
("Boston
-.underwriting group headed, by Dillon, Read & Co;' of¬
fered Nov. 15 $30,000,000 first mortgage 2%% bond$, due
in 1974.
The bonds were priced at 1021/2 and accrued
of Warren City Manufacturing Co.
capital stock
(between Graham-Paige and
On
514,312
&
Inc.
1,250,000
stockholders; have
lines
'
a
3, 1944, the board adopted resolutions which, among
authorized, the execution of a reorganization agreement
Aug.
on
514,312
Rollins
Hytron Corp.—Stock Increased—
The
253,844
514,312
500,006
&
H.
$1,386,473
253,844
share..—$1.32
per
$250,600
and
(Ohio), being all the outstanding capital shares Of that company.
.other
$1,248,937
253,844
(no par685,'749
».standing
Earnings
total amount applied for 4,455,231 shares.
150,000 shares of. common stock are to be issued in exchange
making
Marks
M.
400,000
*
160, .p.-2072. T,:. •:;7':"f
100.000
245,950
$1,477,797
Reynolds & Co.—..
2,500,000
Langley & Co.__
'
Co.,
Inc.'.LA--—A—300,000
900,000
—V.
*1.143,122
.
253,844
Surplus
Shares' common ::
;
v"V'
■••"/"
Graham-Paige Motors Corp.—Listing—Acquisition—
At
226,467
241,794;
$1,227,721
dividends,*
••:.■". "Includes
(held
C.
Laurence
$1,250,000
Curtis-
&
Rauscher, Pierce
2,500,000
Co.
.Co,.._-__ -
Loeb
;
*
Noyes&Co...
&
follows:
Paine, Webber, Jackson
\
500,000
•
$3,148,028 i. $2,775,546
$J,7«4,218
' *2,064,627 •*1,672,625
1,943,383
$459,565 ri $709,641
pfd.
Common
ranchers,. salesmen
carriers,
1863.
p.
::v
and-is calculated 'to be of special
division^
•rural
for
$j,^0,861
etc169,757
taxes, •
4;--—
income
Net
Conv,
designed for combination road and off-road
Hoban, Merchandise. Manager of the company's
A.
&
Peabody &
Kuhn,
primarily
S.
said
pattern.
Stearns
Kidder,
first new-design passenger car tire produced
The
V.
7—-
Gross? income
-;
New-Design Tire Since War Makes Debut—
First
emergency
,
principal underwriters and
as
E.
the
$3,158,694
Operating .profit
are
Riter
877,298
776,491
'
a
several
Hemphill,
$2,631,783
143,763
450,299
the
2,500,000
1941
$4,285,572
.
the company
,
of
names
2,500,000
.?
1942
$4,329,059
869,802
513,199
1943
$5,042,666
1,035,425
446,970
1944
$4,883,702
1,279,709
sales_i
on
exempting
.
Co.__
one
was
of
subject
.
was
Sachs & Co._
the
on
not
sale
not
account of said
on
Goldman,
preferred stock was also declared,
'Dec.
;
150,000
'v
■
arrears
Chocolate Corp.
'Sept. 30—
profit
Shipping expenses„_^__
Sell., gen., admin, exps.
dividend of $1.25 per share on the $5 cumulative
payable Dec, 28 to holders of record
The usual quarterly
Dec.
on
company
Union Trust Co^
on
In
the
1,250,000
y.'v'P'y-Vly
3 Mos. End.
-
of 50 cents per share
dividend
a
payable Dec. 12 to holders of record Nov. 24.
disbursed on this issue on March 20, June 15 and
were
this .year.
15,
March
declared
14
stock,
common
amounts
Like
Nov.
on
7
■Glore, Forgan
Dividend—
728.;
Hershey
directors
1943,
Co..^
preferred stock after pay¬
just' declared** will'«be v$70 per >vhare.—V; ; 160,
the: dividend
of
ment
p.
accruals
28. 1942.
dividends-in
Cumulative
•
therefore
is
orders
1,250,000
Oct.
on
of
account
on
of
1
Goodrich Co.—50-Cent Common Dividend—
(B. F.)
The
14,
.
to holders of record
Nov. 24.
This will clear up all dividend arrearages on this issue to
and including Sept. 1, 1944.
A payment of $5 per share was made
on, Sept. 1, last, and one of $2.50 per share on March 1, 1944.—V. 159,
p.' .1761.
./
'V-'. y
payable Dec.
stock, par $15,
preferred
directors
The
' ; ;
,
share has been declared on the $5
A dividend of $2.50 per
'second
May
respective amounts underwritten
Dallas
I2.i-according to an announcement made on
Nov, 14. declared a regular quarterly dividend of $1.75 per share on
the $7 cumulative preierred stock, no par value, pa'yable Dec. |.
to
holders
of. record
Nov.
22.
A
similar, distribution was made on
March 1. June 1 and Septy 1, this year.
The only payments on this
issue in 1943 were a quarterly of $1.75 and a payment of 75 cents
'
.
issued
Bear,
'
Hathaway Bakeries, Inc.—$1.75 Preferred
stocks owned,
has
Dillon, Read & Co.„__ $2,500,000
,
V. Mitchell,
the Executive
-ffy
1401.
p.
and
the Federal Pqwer Commission.
has made and will maintain
other
electric
utilities.
The
of
with
C. Allyn & Co.,, Inc.
Baker, Weeks fz Harden
elected President, succeeding R.
Stull Harris has been
A.
basis of
the
to
A.
Harris-Seybold-Potter Co.—New President, etc.—
Act,, it
jurisdiction of said Commission
during the war period.
1935.
the
deposited as
On
Commission
is
Texas,
project licensed or subject
company
connections
Underwriters—The
.
V".'Vv 'r:
327.
p.
Power
the
of
State
transmission
any
Power
jurisdiction
war,
the
the
.
;"•.
general dividend formula now ir> effect will be
"for group policies in 1945 with adjustments • resulting from
same
the
within
in
operate
Federal
the
to
or
during
not
subsidiary of National
Power & Light Co.
On May 14, 1943, National Power & Light Co.
sold all the stock of the company then owned by it, and the company
thereupon ceased to be a subsidiary of a registered holding company
and ceased to be subject to the Public Utility Holding
Company Act
that
allowed
rate
The
•
Up
of $27,000,000 for
sum
a
the
under
wholly
commerce
does
connections
during 1945 the interest distribution
retained under policy provisions will be
voted
also
and
emergency
from the
;•
v.
-'V': '■
•
directors
the
at
/'•'.•
that. Act
Federal
scale as
that the same dividend
announces
license
certain
'■
v;
directors.
of
funds
on
statement are
above
interstate
energy,
However,
to $1,899,687.
operates
company
in
electric
in-effect for ordinary and industrial insurance poli¬
annuity, contracts l^as been adopted'for 1945 by
company
The
$51,695,853
—
—
the
As
engaged
retirement
•policyholders.
—_•
~
*
Total
•
board
——~—w---..--Lz.:; 2,500,000
_————
10,000,000
Capital
agreement amounted
authorized-the listing of $10,series D, due. 1969,
has
Exchange
President,
W. Cox,
currently
and
the
1,100,000
Reserve for accounts due or accrued———410,000
Reserve for dividends declared and unpaid————500,000
Other liabilities
■ '*
-239,995
Voluntary reserve for contingencies, including fluctuation
'
in market value of securities—.10,772,412
taxes—
for
Stock
Unchanged—
cies
and claim expenses—$16,663,285
for unearned premiums^.-,,--—_—jj-l—
'
8,862,782
for commissions on uncollected premiums^,--U:; ;
647,384
Reserve
•
that date.*-^
on
to
claims
for
and payable
due
(John) Hancock Mutual Life Insurance Co.—Dividend
.Scale
Liabilities—•
Reserve
York
New
Guy
i
on
2520.
p.
The
——-
assets
admitted
Total
.
quarterly "dividend
the
$2,000,000,
the 18,034
indebtedness of
Jan. 1, 1945,
redemption
for
to
177,109
than 3 mos. due
3,602,585
—829,549
.and accrued-
called
value 5%. preferred . stock mow oustanding,at-$26 .a,
Gulf, Mobile & Ohio RR.—Listing—
of collection not more
course
plus
long-term; bank
present
has
par
560,?n°
———-———
due
rents
Premiums in
the
are
purchased from five companies. During the 12 months ended Aug. 31,
.1944, Houston Gulf Gas Co. and its successor, United Gas Pipe Line
Co.,
supplied
approximately .93of these requirements unci if an
agreement dated Jan. 1, 1942, which expires on Dec. 31, 1951.
By
this agreement the
seller agrees to sell natural gas for all of the
•company's fuel requirements at its Gable Street and West Junction
plants, and all of its fuel requirements at its Deepwater plant in
excess of
(a) 5.000,000 cubic feet of gas per day having a hegt value
.'content of 1,000 Btu per cubic, feet* and (b) such gas as the company
may Use in producing steam and electric energy which- the company
shall deliver to Champion Paper and Fibre Co.
During the 12 months'
period ended Aug. 31, 1944, payments by the company under this
500,000 first and refunding mortgage 3% % bonds,
all of which are outstanding.—V. 160, p." 1969.
—8,190,806
—
—
retire
of $25
159,
•
3,112,563
J.-0M'7
stocks
Common
to
.share,
29,848, yuj.
------
—w—
stocks
Preferred
,
V.
bonds
Government
S.
U.
;
Sept. iiO, 1944
shares of $100 par 4Va Vo
company
shares
•
Other
;■
the
...
.
1943
Balance Sheet,
on Nov. 20 to consider
authorizing the issuance
cumulative preferred stock.
If the
amendment is approved it is the intention of the company to issue
and sell the new preferred stock at an early date and use the pro¬
of 25,000
1943
1944
Globe Indemnity
Re¬
heid
amendment to the articles of incorporation
an
>—Jan. 1 to Nov. 7—■
—Week End. Nov. 7—
Operating, revenues
160, p. 1969.
Issue—To
Stock
special meeting of stockholders will be
A
$1,680,475
$1,980,230
$160,558
$163,475.
revenues
New
Co.—Plans
Watch
deem 5% Preferred Shares—
Jan. 1 to Oct. 31
Days-End. Oct. 31
10
T
Operating
Grnen
RR.—Earnings-
Georgia & Florida
Period—
Com¬
is engaged in the generation,' transmission, distribution and sale
The territory served includes Houston, Galveston,
energy.
Champion
v
■
of
$30,000,000
1
.
electric
of
of
performance
charge
interest
series
pany
the terms and
conditions of
the indenture of mortgage executed by
the company
Jan. 1, 1907, the City Bank Farmers Trust Co., as-trustee, will cause
the property to be offered, for sale .to the highest- bidder at the front
door of the court house of Mobile County,
Ala:, at 12 o'clock noon
(CWT), on Nov. 27.—V. 119, p. 2176.
'r..
'
$48,263;
payable—trade,
Liabilities—Accounts
1974
V
.
,
Co.—Foreclosure Sale—,
Gulf Terminal
Default
(net), $516,228; patents
$1,800; property, plant and equipment
goodwill, $1; total, $3,421,662.
tax,
The
compared with $2,110,000 set aside for 1944
as
d-
obligations, $801,240; receivables (net), $94,612; inventories,
prepaid expenses, $6,923; post-war„refund of excess profits
ernment
$783,788;
$2,300,000,
is
distribution,—V. 159,,p. 2197.
States Gov¬
hand, $1,217,069; United
on
1945
in
1944
Sept. 30,
Sheet,
Balance
hanks and
Assets—Cash in
Monday,- November 20. 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2184
by-reducing- the
par,
$5'Jn ,respect
surrender
of
agent bf, the
of each
the
such preferred share then Ohtstanding
certificate' representing
such
share
to
corporation for;exchange-for a temporary
upon
the "transfer
or permanent
■
Volume 160
414%
the
of
expressed
cumulative
6%
ferred .shares."
**
■
•
.
and
expenses.--..
income
(net)
119,374
$2,019,028
1,205,000
1,100,000
$814,027
$770,411
50,000
293,193
293,193
293,193
$1,239,346
390,924
350,924
348,384
348,384
464,512
$800,206
profit
dividends
Preferred
$2,483,346
1,144,000
1100,000
$1,870,411
for contingencies.
Net
93,569
$1,581,206
...
"Federal taxes
Prov,
$2,389,779
115,342
731,000
Profit
v
-
...
$1,755,070
$1,957,002
62,026
$1,461,832
Operating profit
Other
'
.
1944'
(net)
Costs
..
Statement. (Incl.. Subs.;
Income
1943
1942
1941
■
$28,809,458 $22,852,337 $21,465,825 $24,569,872
22,347,625
20,895,336
19,710,755 22,180,094
9 Mos. End. Sept. 30—
Sales
1
.
,
^Consolidated
«•'■■■«
Common dividends—..
Surplus
$172,450 f
$1.79
$156,089
$1.61
1
Earnings per share
;
$383,910
$128,834
$1.64
$3.26
,
profits taxes of $171,000 in 1942 (after post-war
debt retirement credit of $8,100); $765,000 in
post-war refund and $44,100 credit for debt re¬
tirement), $560,000 in 1942 and $542,000 in 1941.
tlncludes possible
additional .Federal income taxes (provided as of June 30, 1941).
^Including
refund
of
excess
$10,900
and
$40,900
(after
1943
Note—-Provision
of $393,572
and $431,936 in 1941.
1942
$448,060 in
1944;
in
depreciation
for
in
$450,299
1943;
individual
Y|
.
30, 1911
Consolidated Balance Sheet, Sept.
.
Liabilities—Accounts payable
interest
payable, $4,229; customers' deposits, $86,424; accrued payrolls and
commissions,, $467,999; accrued taxes, $165,427; other current liabili¬
ties,'$357,590; sinking fund requirements in respect of 3V%fk- sinking
fund debenture, $200,000 3 V2 %
sinking fund debenture due Sept. 1,
1949, $1,250,000; reserves for retirement of preferred shares, $50,000;
contingency reserves, $899,597; 6'k cumulative preferred shares (par
$100), $7,999,300; common stock (314,019 shares no par), $3,140,190;
capital surplus, $4,257,914; earned surplus, $4,936,526; total, $24,946,463.—V.
;
•:
sinking
mortgage
International Business Machines Corp.—To Pay Usual
The directors
and.
1945.
Jan.
Jan.
9 Mos. Ended
Total
1943
»•_»—.
Taxes-
& devel.
1
Total
2,226,868
602,572
$1,227,781
$1,231,196
Laboratories
for
26,092
Prov.
in
$7,245,926
771,811
Fed.
inc.
1,505
194,825
77,000
.
44,000
127,00Q
\.y:'y'.r
.
&
665,108
398,960
$284,552
$268,850
$305,479
54,372
55,910
83,984
Total
on
(net).—
bonds
343,512
$163,157
comparable due to revised classification of accounts ordered by
Service Commission effective Jan.
1, 1944.
tAgreement
"Not
Public
the
Buffalo and International Railway Co. requires com¬
plete bus substitution by
1950.
War restrictions prevent current
substitutions.—V. 160, p. 432..■
ry,
"./i;.—V
vbetween
City of
Fund C, Inc.—Earnings—
Investors
trustee
large,
Income,
ket. value
compensation
35,153
of
income.—.
ordinary
'
security transactions.
;;
34,230
$87,896
income taxes,
y
$80,067
—;
tExclusive
9,473
10,551
$210,944
in
Irving
Trust
Co.,
'
$4,621,884.—V.
160,
Investors
Management
Roosevelt,
Emlen
George
the
election
law
firm
of
" '•/
2073.
p.
to
the
board
of
interest
Boykin
C.
of
the
has
Board,
expected.—V.
Liggett &
p.
probability
there is some
curtailment
substantial
more
160.
such
of
orders
328.
Offering—
Co.—Secondary
Myers Tobacco
;
RR.—$165,000 4% Bonds Called
The company has called for redemption on Jan.
l, 1945, through
orw^tion ol' the sinking fund
$165,000 of unified mortgage 4% bond**
and
70
agreements of series B due Jan. 1, 1960 attached) at
Payment will be made at the office of the company
New York, N. Y.—V. 160, p. 2074.
interest.
Broadway,
Norberg, President, oh Nov. 10, stated in part as follows:;
1, 1944, the sale of our Pioneer Placer Dredging Com¬
B.
May
dent
land
be
bonds
$1,800,000
the
on
$76,50^.
for
sinking fund
a
be
to
applied
at
banks
Sheet, July 31, J941
of
deposits) and on hand,
accounts receivable, trade,
$5,042;
&
•
15
declared a dividend of,. 25 cents per share
Dec. 15 to holders of record Nov. 24.
on March 15. June 15 and Sept.
15, this
payable
disbursed
the following dividends were paid:
March 15, 50 cents,
Sept. 15 and Dec. 15, 25 cents each.—V. 160, p. 2075.
June 15.
selling
taxes,
accrued
bonds,
$16,481;
pension
trust
& Co.;
Weeks; Maine Securities Co.; Bond &
Goodwin, Inc.; and Townsend, Dabney & Tyson.
These bonds are part of a total issue of $9,000,000, of
which the balance is being sold at 98V2 and interest to
$202,451;
$382,365;
two insurance
agency
or
;
Dec.
Dec.
Old
.
companies.
1, 1944; due Dec. 1, 1954.
Interest payable June 1
Principal and interest payable at principal office of
Colony Trust Co., Boston, trustee, or, at option of holder, at any
Dated
ami
1.
the
of
company.
New York, or
in Portland, Me., in such coin
tender for the payment
at the time of payment is legal
as
currency
private debts.
Coupon bonds in denomination of $1,000
each, registerable as to principal only and registered bonds are denom¬
inations of $1,000 or authorized multiples thereof,
Coupon bonds and
of public and
$18,053;
accrued
Burr, Inc.; Estabrook & Co.; Stone & Webster and
Blodget, Inc.; Whiting, Weeks & Stubbs; R. L. Day
accounts payable, $33,586; accrued
commissions and royalties, $31,622;
first mortgage
on
of
Hornblower &
.
interchangeable.
Redeemable at option of company
days' notice as a whole or in part on any date for
sinking fund purposes at principal; amount
together with accrued
iotercs-j:, and for nurposes other than sinking funds as follows: before
Dec. 1. 1949. at 105; on or after Dec, 1, 1949, and before Dec. 1, 1950,
at 104; on or axter Dec. 1,
1950, and before Dec. 1, 1551, at 103; on
or
alter*Dec. l, 1951. and before Dec. 1, 1952, at 102; on or after
Dec. 1, 1952. and before Dec. 1. l<)53r-at 101; on or after Dec. 1, 1953,
and to maturity, at 100, in each case with accrued interest.
In the opinion of
counsel for the purchasers, these bonds will be
legal investments for savings banks in Maine, New Hampshire and
Rhode Island.
'",
*
' *■
■
registered
unemployment
premiums,
'
bonds
not less than 30
on
.
..
.
.
funds Which, together with funds : in the
will be used for the redemption at 10O all of
the
presently
outstanding $9,878,000 first mortgage and collateral
bonds, series A. 4'J
due Dec. 1, 1945,
provide
Purposes—To
Guaranty Trust. Co. of New York has been appointed co-fegistrar
the common stock
and
cumulative preferred stock, 4%%
series.
offering in V. 160, p. 2073.
'
for
stock,
was
Maine Central RR.—Bonds Offered—-Public offering
The
See
Nov.
on
capital
amount
$4,500,000 first mortgage and collateral bonds series B
4% due Dec. 1, 1954 was made Nov. 15 at 100 and inter¬
est, by Kidder, Peabody & Co.; H. M. Payson &. Co.; Coffin
.
accrued withholding
insurance
$15,750; other accruals,
$243; Federal income taxes (less U. S. Treasury tax notes add interest
of $679,693), $118,030; due to affiliated
companies, not'Consolidated,
$27,065; first timrtgage sinking fund AVz'h
bends maturing Oct.. 1,
1956, $1,204,500; notes payable, $24,000; general contingent! reserve,
$194,300; prior preferred stock ($100 par), $244,700; preferred stock,
no
par
value, 20,000 shares authorized, outstanding 13,293 shares
(60.000 shares, no par), and common stock (148,955 shares, no par ),
$566,666; earned surplus, $1,388,427; total, $3,923,398.—V. 160, p. 1737.
tax.
U. S.
In 1943
year.
and
for
reserve
beneiit
age
also a member of the Business Advisory
Department of Commerce.—V. 160, p. 1971.
he was
1942,
directors
the
like
A
\
:
(demand
accrued
interest
old
to
War
Magma Copper Co.—Distribution of 25 Cents—
on
(Waterville
cost
$26,935;
and
the
of the maximum
in
(less
assets
of
1940
.The
the
$49,038; investment in
Pulpwood Co.) not, consolidated. $3;
depreciation of $1,912,251), $2,120,963;
patents (less reserve for amortization of $248,846), $105,017; goodwill,
$1! prepaid expenses and deferred charges, $76,332; unamortized bond
discount and expense, $53,629; non-current accounts receivable, $25,971;
sinking fund for first mortgage 4%%. bonds, $137,410; Federal excess
profits tax post-war credit, $10,155; total, $3,923,398.
■;
lixed
has
amount
Economist.
! ; • ■
"
1940, as director of planning and research
Production Board and its predecessor agencies.
Company
Council of the
consolidated. $2; accounts receivable, non-trade,
subsidiary
total
the
May has served since
From
be
to
the retirement
to
was
down payment—40%
until
and
Mr.
V'
•
,
equipment
and
$25,000
activities
Koppers Co., Inc.—Co-registrar—
senior partner of the
and Cahill.
Mr. Wright,
he pointed out
but
future
near
Louisville & Nashville
receivable, trade, $1,126;
inventories, $758,885; due from affiliated Central Maine Power Co. not
announced
Wright,
Wright, Gordon,. Zachary, Parlin
requirements
notes
Co.—New Director-
Chairman
the
V. 160, p. 1737.
$317,753
equal to 2%
sum
accrued
deposit
on
by Irving' Trust Co., as depositary, at value
market quotations Sept. 30, 1944 (cost, $3,923,115).
shown
have not been
McGraw-Hill Publishing Co., Inc.—New Official—
H. McGraw, Jr.,
President, on Nov. 10, announced the ap¬
pointment, effective at once, of Stacy May as Assistant to the Presi¬
$203,467
and
as
wages,'
J911
$124,863; securities
based on closing$4,484,562; divi¬
dends receivable, $11,465; prepaid taxes. $994; total, $4,621,884.
Liabilities—Accrued taxes. $989; compensation to Investors Manage¬
ment Co.. Inc., payable quarterly under terms of management contract
(for quarter ending Sept, 30; 1944). $11,551; dividend payable Oct. 16,
1944. $45,365; capital stock (investors shares of $1 par value), $348,960;
paid-in surplus, $3,514,862; undistributed surplus from security trans¬
actions; S138.710; unrealized appreciation on securities, $561,447; total,
Assets—Cash
before.
have
Co., on Nov. 13 offered 50,000 shares of
Common B stock (par $25) at $80V2 per share.
Dealer's
discount $1.40.
The issue has been oversubscribed.—
Liabilities—Notes payable, $8,000;
held
ever
completed for $150,000 payable as
of the mint receipts, or $25,000
been paid—the unpaid balance
bears 3%
interest, payable semi-annually.
To date we have received
the $25,000 down payment plus $1,875 in interest,"—V. 155, p. 363.
9,634
.".Assets—Gash
;
;■
■
Balance Sheet, Sept. 30,
,
*6,255
—„
i
"Including provision of $864 for Federal
tNet
$120,554
2 996
Management
$126,045
—.
Mr. Biggers said,
be
\
contracts up to the present time
of war
in
follows:
aggregate principal amount of all
bonds theretofore issued under said indenture, and (2) on or before
July 1 in 1946 and in each year thereafter a sum of money equal to
20% of the company's net earnings (after interest and Federal taxes)
for the next preceding calendar year.
In lieu of money, the company
may deliver to
the trustee bonds directly acquired by the company
f and be credited on its sinking fund requirements with the cost; thereof
to the company, not exceeding the principal amount thereof. a
.
income
Total'
normal
Smith Barney &
bonds, regardless Of series,, through purchase or call for re¬
demption; (1) on or before July 1, 1945, and in each year thereafter
dates^Y-—; 3,146
ex-dividend
on
earnings higher than
peace-time standards,
its
and
below
still
may
,
''''''
1944 '■.,!;>] 1943
dividends.;.—.$126,045
$117,407
company's
days,
pre-war
while
pany's
$220,546
Balance
V
:
Liberty Mirror and Peacock
earnings of the company
the
variety of war products made by Libbeynew
high levels," Mr. Biggers reported to
working lorce," he aaded, "is greater
reached
that
/ any
cash
taxable dividends in securities at mar-
Income,
■
&
Income, 9 Months Ended Sept. 30
Statenvent of Ordinary
'■'■y.'-C.''--
disct.
Sinking Fund—Company will covenant in the indenture to pay to
,
-
in
Lucky Tiger-Combination Gold Mining Co.—Bale—
1
notes_-
initially outstanding will
365,062
A/-—-i:; $368,138.
Deficit
reflected
are
great
a
"The
Cancellations
$402,790
83,713
1,324
&
Net profit.
1,032,139
1
deductions
Income
Interest'
of
have
Geo.
expense/
bonds
on
Bond
$1,234,044
580,769
Plaskon,
the
of
period."
Plaskon, he said, became a division of Libbey-OwensApril 16, 1943, and the earnings ox that division were reflected
period after April 16 of tnat year.
in
than
185,108
Note—Annual
$556,144
income.
$1,075,176
SO.43
James
684,324
t'210,000
track removal, etc.
operating
*
1943
Profits,
v
-
■
profits taxes__
27.543
Net
$2,787,795
$1.10
improvement."
782,987
80,260
$5,513,719'
$2.16
months'
."Shipments'
at
Bal. before int., etc._„
$7,162,085
Provision for
on
Owens-Ford
44,379
—'.r_
Total expenses
$1,692,166
616,990
effect to substantial reductions in the prices of various
divisions
nine
that
Ford
in the
$792,471
17,515
162,058
25,000
$930,449
875
181,135
$1,257,288
1,530
199,564
amortization
for1
■
excess
Depreciation - 3-——.~.—
1942
$4,682,945
1,895,150
1944
period of the current yeur," John D. Biggers^
President, pointed out, adding that , "in the corresponding period of
1943 Liberty Mirror and Peacock Laboratories were not operating as
divisions of the company and hence their earnings were not included
$741,307
51,164
18,410
V: $1,246,970
income
General conting. reserve
1,035,925
Retirements
the
104
$912,039
19,189
&
Int.
■
-
Note—"Operations
$3,027,374
1,825,367
460,700
$3,741,579
2,766,295
817,914
deductions
1,117,719
adjustment »~.
*A_—-~w_--i:
1943
3,832,430
*$9,346,149
—
(estimated).
profit
(with extended
$4,815,405
863,441
exp.
income
Miscell.
150,825
Wage
at the , Guaranty Trust
Y.—V. 159, p. 2084.
made
N.
products.
war
1941
2,786,842
goods sold
gen.
Deprec.
2,890,995
operation
be
York,
>
taxes.—
taxes
"After giving
per'year,
1,922,241
Conducting transportation --i—.
General including accidents,...—.
Power
Net
Calendar Years1942
New
Sept.. 30—
before
income
"On
$9,290,500
$8,780,300
_
of
Other
1944
A
—
will
Payment
Earnings per shaie_!*„,
Periods
1943
,
Broadway,
140
earnings
Federal
be
$4,878,064
etc.
Cost
Sell.,
Prof, before ether inc.
Sept. 30—
revenues
Maintenance
to
split-
Gross sales, less discts.,
-Income Account-
Railway Co.
are
the
on
Libbey-Owens-Ford Glass Co,—Earnings—
wil} be used as follows:
which
.
July 31, '44
w
w
v.
* International
.
bonds
12 Mos. End,
per
1970.
p.
4VzVc
fund
quarterly cash dividend
Nov. 14 declared the regular
on
share, payable Dec. 9 to stockholders oi record Nov. 29,
in addition thereto, a 5'/r stock dividend to be delivered Jan. 29.
or as soon
thereafter as practicable, to stockholders of record
15. 1945.
Stock distributions Of 5% each were also made on
28, 1944,
and on the same date in preceding years,—V. 160,
SI.50
interest.
9 Months Ended
r.f the principal and redemp¬
Earnings for Stated
5% Stock Dividend—
of
and
trustee,
Net
.
/V.";.:
1737.
160, p.
Co.,
called for
redemption not later than Dec. 20, 1944; (b) to provide funds to the
extent of $600,000 to be expended in accordance with the restrictions,
of the mortgage for additions to the manufacturing facilities of the
comnanv. and (c) to provide additional working capital to the extent
Of $8,598.
■:V
..v.■'•/'. A'../..'- %
,
'
Capitalization Giving Effect to Present Financing
i -i•-;■ '
V."' .-1'
w'v.-'To Be;
v
;;. " ..".v.
Authorized Outstand'g
First mortgage-sinking fund 4 14 % bonds, series
• '
.•
A, due Oct. 1, 1959
$2,500,000
$1,800,000
Prior preferred stock ($100 par) (shares)——
7,047
2,447
Preferred stock (no par) (shares20,000
13,293
Class A stock (no par) '(shares).—60,000
60,000
Common stock
(no
par)
(shares
150,000
148,947'/2
first
action
has called for redemption as of Dec. 15, 1944, a total
5 % bonds due Dec. 15, 1947,
company
101
.
shareholders.
(estimated $1,774,535)
for dividend
12
Dec.
on
2074.
p..
$50,000 of outstanding first mortgage
at
premiums of 214%' on the entire presently outstanding $1,137,500
tion
accrued
$1,131,266;
(trade),
The
of
pieces.
to provide $1,165,937 for the payment
(a)
accounts
$388,865;
will meet
160,
Lafayette Hotel Co.—Bonds Called—
Maine
Purpose—Net proceeds
U. S. Treasury certificates, tax notes and
and notes receivable, less reserve of $301,952, $3,543,476"; inventories, $6,686,844; investments and other assets,
$1,874,710; fixed assets (less reserves, $6,498,110), $6,397,215; goodwill,
$1; .deferred charges, $812,683; total, $24,946,463.
$5,242,669;
Assets—Cash,
bonds,
stock.—V.
up
corporation.
Manufactures a wide variety of
moulded pulp products comprising more than 75 items and including
plates, dishes, egg-packing material and egg cartons made of groundwood pulp derived principally from spruce pulpwood.
It also manu¬
factures
moulded
fibrous
plastic
articles
involving
the use of a
combination of pulp and resins, - It operates a manufacturing plant
located on a continuous site situated partly in Waterville and partly
in Fairfield, Me., and a groundwood pulp mill known as the Shawmut
mill
located
in
the
part
of Fairfield
commonly
called Shawmut.
Operations of the company and its predecessor, Keyes Fibre Co., Inc.,
and theretofore of the original Keyes Fibre Co,, have been carried on
continuously since 1903.
For the 12 months ended July 31, 1944. the
company's output totaled more than one billion four hundred million
Company—A
directors
The
cipal office of Canal National Bank of Portland (Me,), trustee, and at
principal office of National Rockland Bank/Boston.
Coupon bonds in
denominations of $1,000 and $500, registerable as to principal only.
Redeemable all or part at option of the company at any time upon at
least 30 days' notice at principal amount plus premium as follows:
7%
through Oct. 1, 1945;- thereafter reduced by 1 '/« each successive
12
months' period ending Oct.
l
through Oct. l, 1949; thereafter
reduced by Va of 1 '/'<■ each successive-12 months' period ending Oct. 1
through Oct. 1, 1952; thereafter reduced by V) of 1%, each successive
12 months' period ending Oct. l through Oct. l, 1957; thereafter at
the principal amount without premium;
in every case with accrued
interest to the redemption date.
Reimbursement upon written demand
within 60 days of iinal payment for Massachusetts income tax not
exceeding 6'f. interest on the bonds and for any Pennsylvania personal
property tax to the extent of four mills per annum on each dollar of
taxable value of the bonds.
Bonds will be legal investments for sav¬
ings. banks in, Maine.
•'; ■ •• 'l
■'
■ . ■
to represent such share as reclassified into a
preferred share, and (c) to change the designation
cumulative preferred shares to
"4J/2% cumulative pre¬
certificate
2185
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4335
,
treasury
.
of the
company,
,
formerly 'a
forces
member
the
board,
was more recently
Brigadier General.
in
the
armed
;
Management Co, is the portfolio supervisor of Fundamental
where
Investors
of
held
he
the
rank
of
Investors,. Inc.
Sales
Davis & Co.
H.
first mortgage 5%
at
100%
and
syndicate
!1944—Month—1943
Period End. Oct. 31—
on
Nov.
17 offered $1,000,000
sinking fund bonds due Nov. 1, 1954'
interest.
Other members of the
accrued
are:
Dempsey
& Co., Ames, Emerich &
Co.,
Inc., Sidlo, Simons, Roberts & Co., A, C. Allyli & Co.,
Inc., Kalman & Co., Inc., and Glover & MacGregor, Inc.
Proceeds will be used for general corporate purposes;
—V. 160, p. 1863.
Paul Ryan,
serving
a
with
former President' of National
Refining Co.,
the
Council,
Petroleum
Vice-President.—^V.
160,
Industry
p,
War
has
tion
special
stock
14.
at
Trust
Dec.
1944,
Co.,
dividend
quarterly
on
preferred
Dec.
on
Lawyers
Ill
of
been
—
Public offering of
1, 1944, to yield approximately 4.025%.
Dated
Oct.
1,
1944; due Oct.
1,
1959,
per
record
share, will
New York,
the
on
Nov.
same
will
issue
6.—V, 160,
also
be
1944—4 Wks.—-1943
$
1943.—V.
2,911,
was
160,
"
with
compared
during the 'four weeks ended
in the same period in
3,019
1864.
p.
Interest payable A-0 at
The
for-one
the
to
1,200,000
will
D.stribution
close
held
of
the
split-up
company
share
prin-
stockholders,
amendment
of
will
be
of
will
business
Corp.—Stock Split-Up Approved—
at
a
the
have
of
common
1,800.000
common
As
two
made
Nov.
21,
■
additional
to
shares
common
1944.
result
a
shares
outstanding.
the
be
•
held on Nov. 15, authorized an
incorporation, providing for a threestock.
of
of
this
authorized,
of
action
which
i A;--
1
franchises
In
of
stock
for
record
at
1939
)u
of
franchises
Eastern
company
franchises
of
Washington
of
Maine
acquired,
Dexter
&
County
Ry.
Co.,
-
Ry.
purchase,
bv
RR.,
Newport
and
acquired; by purchase,
Portland & Ogdensburg Ry.
1943, company
franchises
of,which
leased
of
the
properties,
rights and'
Dexter Ac Piscataquis RR.
the properties, rights and
each
the'
to
761.63
the
miles
were
company,
owned
and
24.02
by
the company,
miles
were
used
202.21
by
miles were
the
company
the
In addition, company operated 289.51
(of which 215.48 miles were owned
74.03 miles were leased).
Exclusive of yard track and sidings,
main and
branch line mileage operated on that date in Maine
was
838.35;
under trackage right agreements.
miles of yard track and
sidings
and
common
stockholders
and
Co, and Sebasticook & Moosehead RR.
Company operated, as of Dec. 31, 1943. in the States of Maine, New
Hampshire and Vermont,, and in the Province of New Brunswick, a
total of 987.86 miles of standard gauge main or branch line railroad,
meeting
certificate
;•••
•
'
acquired by merger the properties, rights and
Ry
and in 1911, also by merger, the
Lincoln
&
Knox
by purchase the properties, rights and franchises
of Maine Shore*Line RR. in 1888, of Androscoggin RR. in 1911. and
of Ran gel ey Lakes & Megantic RR. in 3914.
In 1931 company acquired
b,v purchase the properties, rights and franchises of Upper Coos RR.
(N. IT.) and of Upper Coos RR. and Coos Valley RR, (Vermont corpo¬
ral ions).
In 1936 company acquired by purchase the properties, rights
and
$
$
33,319,259 373,517,425 356,328,726
stores in operation
number of
1944
4,
1944—44 Wks.—1943
$
35,253,984
company
Coinpuny acquired
paid
'
the
properties;! rights
.
Kroger Grocery & Baking Co.—October Sales—
RR.,
company.
Somerset Ry.
1737.
p.
the
1901
franchises of
called for redemp¬
be redeemed at the
N. '-Y.
The regular
recently
was
elected
$1,800,000 first mortgage sinking fund ^Va% bonds, due
Oct. 1, 1959, was made Nov. 14 by Coffin & Burr, Inc.
The bonds are priced at 10214 and accrued interest from
Oct.
$11
cents
Period End. Nov. 4—
Lerner Stores
Keyes Fibre Co.—Bonds Offered
which
Kennebec
&
In
Broadway,-
15
to holders of
14
Average
1403.
set
incorporated Oct. 28. 1862, in Maine, as a
Kennebec RR. and Penobscot AS'*
Portland & 'Kennebec. RR., Somer- and Leeds & FarmingtoU RR. were consolidated
was
Androscoggin &
On Nov. 16. 1874,
of
RR.
Kennebec
$10,827,570 $10,547,340 $98,071,038 $94,542,254
The
Nov.
and recently
1944—10 Mos.—1943
Redemption of Stock—
Sales
(M. W.) Kellogg Co., N. Y.—New Official—
consolidation
with
Jessop Steel Co.—Bonds Offered—A syndicate headed
by Paul
History—Company
(S. II.) Kress & Co.-—October Sales Rose 2.7%—
r
Brunswick.
in New Hampshire,
5.10.
108.37;
in Vermont, 36.04, and in New
the .company.
by
tions
pending
now
are
distributions deemed to be ordinary dividends
percentage of the 1944
income tax purposes-may be reduced to approximately 7.8';; .
corporation intends to mail to, Stockholders not later-than Jan. 8,
UH5.
revised estimates with respect
to the taxability of the 1944
distributions."—V. 160, p. 1297.
,• '•;/'; >; ;
; ,
for Federal
The
■
directly or indirectly,' a controlling stock mteiest in
the principal of these being: (1). Portland.Terminal
Maine Central Transportation Co.; (3) company owns 39,040
Company
disposed of; and that if certain transact
consummated by the corporation in 1944, the
owns
of-the
aim
<2)
Giving Effect to
CuiutaH/alion Outstanding
-
collateral bonds:
Series B, i'.i-. due Pee.. l„ 1954
First
Ogdnnsburg By.
stock of Portland &
of capital
res
mtge, *&
-
of
the
p.
.
1
f
C-
A this issue)—™—-.
mortgage" bonds:
• , ■ //.
4
due Dec. 1, I960——-——-u~>;
<;% secured bonds, first series, due Jan. 1, 1959-—•——?
Washington Co. By. ,1st mtge. 3 ft*, Jan, 1. 1954 (assumed)
•Somerset By. Co. consol, mtge. 4s, July 2, 1950 (assumed)
.1st iSt ref. mtge, i'.i;
bonds, due July 1, 1955 (assumed)
Dexter &
Piscataquis BR. 1st mtge. 4%s, July 1, 1949
3,9-3,500
1.584,000
2,200,000
tl7-,500
792,000
,
Oct
.
1,332,481
Sell,, gen. & adm. exps.
interest
V. 'Net profit from'.sales
: f
$4,093,276,$10,552,708.'$11,660,803,
730,391 >" .694,638.,, 2,091/133 /, 2,113,547
Deprec. & depletion—
Leaseholds' surrendered' ' '
'
:& abandoned
"
311,607
"Prov. for Fed. Si State
'' :
" ''
■taxes on income——
767,511
"1953
Equip,
1945-March
'
1949-—',.-'-
1.
.™>1
—
stock
Preferred
Prior
of
trustee
■
By,
$5,171,738
$5,639,559
2,825,380
2,599.740
$2,346,408
$3,039,819
405,303
396,843
———1
income
$1,649,953
$2,751,711
$3,436,662
Deducts,
•
;; •
..
-12 Mcs. End. Sept.
30—
1944
>
- ■
■^Total
23,511
64,758
47,304
$2,686,953
$3,389,358
operating expenses and
.Net
—
taxes
C.
.charges
—
$2,989,251
1945
Non-operating
$1,002,661
24,109
Net
i
-
to earned
carried
income
surplus-;—.21-
"Balance
•>
-'$30,601"
$51,940
12,042
11,051'
$19,550
$39,898
——™—
Total
'
—„
'
'
'
7,800
Other income:
-
-$131,496
33,552
-
5,873
•
$25,423
$47,698
.
.
,
Years Ended Sept,
Operating revenues
,
$86,338
29,604
dry holes,
forfeited, etc.-
leases
26,999
16,659
51,930
8,000
2,503
19,000
7,500
$6,264
$37,648
$21,264
——-.I—/
income
160,
1187.
p.
$12,699
,
:.v
/
.>•""
-
.
Net
discts,^.$11.766,815,$10,799,877
sales,, less
22,248,536
677.655
659,243
1,671,471
1,619,398
$1,380,650
$1,228,449
$3,840,029
$3,531,939
31,529
48,087
131,210
114,220
.
™;
86,555
&
$1,276(536
514,435
544,649
1,291,914
1,362,133
79,733
82,131
201,277
206,449
taxes
219,362
218,996
553,851
543,238
profs. tax_™
295,000
135,000
1,122,167
750,000
exps,
debt
&
Fed.
exc.
State
$3,646,160
Rents
40i719
inc.
'
Net
$303,649
Net
$295,760
$801,970
7,783
7,118
6,850
$300,826
$288,642
$795,120
92,869
95,395
21,048
182,172
517,899
4,237,380
105,677
,
earnings
Preferred
•
dividends
140,172
348,210
$148,470
$446,910
s$0.23
t$0.21
$0,64
$412,786
$0.59
"Based on 693,607 shares.—V.
160, p. 434.
138,310
-
the
Of
Shares
Earns,
s
for
earns,
_____
per
^Based
share,
com.
693,610 shares.
on
160,
V.
'■
com.
••
•
—V.
1634.
p.
..."
t
1944—Month—1943
predecessor
p. 1971.
'
.
1
Uncollectible
* '
'
'
Operating
Net
Federal
$5,694,195
3,905,450
'
3,647,278
$76.9,750
$7,054,224
725,861
6,786,740
Int.
7,146,120
income
.
oper.
11,400,498
&
At
the
a
declared
SEC.
Dec.
20.
1944,
to
a
Nov.
20.
1944,
to stockholders of record Nov. 24,
1944.
■
of
charged
to earned
approximately
17.4U
of
the
amount received
by
any
stockholder
'''
'
"
*
/.
\
;
.
merger
the
is'con¬
Inter¬
Stock¬
the plan.—V. 159, p. 552.
approve
,
1943
1944
Sept. 30—
$12,924,953 $11,656,543
40,687
58,618
.W——
revenue___i.
v
'
$12,965,640 $11,715,161
8,033,966
7,172,080
1,197,804 /- 1,117,151 >
830,077
1,100,400
Federal taxes on income^a-v.",^
850,054
832,965
Interest on funded debt™,—__
Amort, of disc,, exp. & redemption premiums
Total
ea.rnings.Ti;,_„,_^.,____,^,
depreciation
gross
other .than -Federal
Balance
for
—V.
160,
303,786
303,761
$1,217,104
$1,341,684
pfd. stock
divs.
com.
surplus———
&
$1,645,445
1,520,890
dividends——,'
cumul.
17,288'
193,589
1——
income.
'
2,916
7,488
expense
before
on
80,149
78,537
interest
charges Against
Balance
deel.
income taxes
bonds
refunded
Divs.
1944—12
1739.
p.
$327,424
•209,687'/
4,835
19,023
$19,325
—
$16,300
$71,464
395
223
$16,341
$71,859
24,684
26,439
$44,439
$10,023
$6,981
$34,309
$31,573
,
■
loss
•■Dees
the
36,863
$12,653
'
end
$$33,277
32,499
.
$$20,615
38,167 ""
47,343
113,144
140,268
51,682
,
,
52,805
154,667
156,222
31,916
95,749
95,749
$119,411
$396,837
$412,854
31,916
.
$135,254
—
subsequent to
shown semi-annually at.
include construction department operations
the results cf which operations
of
/
and
•—i™
not
June,30.
12,866
$$53,115
7,249
5(F inc. debs._
:on
Net
$5,404
$$13,488
$70,878
3,217
June
and
December.,
are
(Including"operating, selling, admin--
}?trative, and general expenses, but not including provision fcr deprecia-*
tion and depletion.
^Deficit,
including idle plant expense, interest,
first mortgage bonds, bond discount amortization, etc.
HAccumu-.'
lated but
payable only after payment of principal and interest on
first mortgage bonds, or
Sooner upon the payment of any dividend
upon the capital stock—V. 160. p. 834.
on
is not subject to excess profits tax due to the
income in the consolidated tax return of
taxable net
Light Corp.—V. 160, p.
629.
,
,
Overruled—
National Paper & Type Co.—New
has overruled the road's
demurrer in connection with a suit to require it to make at least par¬
tial payment; of overdue interest on the adjustment mortgage bonds.;
The suit still hasr.to be decided on its merits as this ruling represents
a
preliminary step in the procedings in which -the M.K.T. sought to
hove the matter dismissed on grounds of insufficiency of • the comCircuit Court of
depict,
/depletion
!iInt.
$47,175
12,866
...
for
2,742,922
$$70,140
7,925
/
deductions
mother
Prov,
$70,655
41
.
6,144
6,085
$13,240
company
its
.
$2,689,807
income-
income
Total
Mo^.—1943
1,896,059
635,284
sold
products
Other miscell.
1944—9
$1,825,919
730,997
$613,871
•:
of
Operating profit
24,682
$10,197
3,216
.
—
—
of
'tCest
17,898
27,250
-
■^Nct 'sales
$331,370
215,637
1944—3 Mos.—1943
$736,401
$$21,413
period End. Sept. 30—'
Mos.—1943
6,500
234
parent company, Inland Power &
The
pay¬
which'will
surplus,
■
On June 15. 1944. the corporation paid a dividend: of 20 cents per
share, which vas charged to earned surplus,
The.eompany's statement further added:
"It is the opinion of the tax advisers of the corporation, based on
estimated results of the corporation's 1944 operations, that a maximum
be
'
,
taken before
•*
Missouri-Kansas-Texas RR.—Demurrer
stockholders of record Nov. 24. 1944, out of paid-in-
surplus of the corporation created at the time of its organization,
The directors also ddfclared a dividend pf 30 cents per share,
able Dec.
be
Opera-ting /expenses >and
2,498
$19,091.
dividends
Note—The
its
13 the directors, subject to approval of
capital distribution, of $2 per share, payable
on
operating
,
,
4,915
7,400
deducts.—
Balance
Corp.—Capital Distribution, etc.—
meeting held
.income'
other
Preferred
1738.
West
Fed.
income
inclusion
Middle
50,965
50,492
income taxes—
in lieu of inc.
Net income
*
—V. 160, p.
than
Gross. income
$7,582,683
770,402
income.^.
oper.
Net,
Other
32,04U,636
1,277,167
35,936,329
10,918,261
1,314,939
taxes
to
'income -
on
$467,969 *$1,049,864
it /-V
•''">> ■//
V
taxes—™—;
$53,908,814 $51,023,817,
$789,680
—
™
•
1944—9 Mos —1943 *
$53,986,179 $51,134,582
12,208
77,365
110,765
$6,010,069
revenues.
1944—3 Mos.- -1943
$78,600
$81,898
profs, tax.
inc. & exc.
'
'
revenues
other
Taxes,
f $5,706,403
6,895
rev.^
oper.
Operating expenses
Net
$6,016,964
revenues
'
W.
&
steps
step will be to file-a petition with the
Commission seeking approval of the plain
Other
.-
...
Oper. exps. & deprec.—
1944—Month—1943
Period End. Sept. 30—
Operating
!
1944—10 Mos.—1943
Michigan Bell Telephone Co.—Earnings—
Operating
J
agreement of merger with*
RR./ The agreement had al¬
an
National Fireproofing Corp,—Earnings-
Charges
"•
■'
L.
D.
Western
&
next
9 Months Ended
Other
Missouri Edison Co.—Earnings-
I
'
company
Period End. Sept. 30—
$3,567,440 $29,233,825 $32,217,924
retail.$2,870,734
160,
:
by
several
are
The
signed
formally
Other
4,763,496
the accounts inelude the operations
for the periods prior to Sept. 1, 1944.—
'
Shoe Corp.—October Sales Off 19.5%—
Period End. Oct. 31—
Sales at
;
./>
.
"
.a',
■
,
Operating
Melville
$385,849
$482,987
still
Gross
,Note—For comparative purposes
355,632
$162,516
^Deficit.
'
Net
105,677
—
Net income
'
have
Commerce
Taxes,
$3,919,465
" 205,833
1
charges
$768,419
par).
Narra&ansett Electric Co.- -Earnings-
108,729
99,098
;
2,509
deduct, from inc.
Contingent charges
($1
Lackawanna
holders have yet. to
$3,715,341.
$4,801,231
9,869
$591,174
Fixed
15,920
interest'
stock
:
SEC a registration statement
cumulative dividend and par¬
The stock is to be offered at
Essex,RU.—Merger With D. L. & W.—
signed
been
state
$842,158
$924,796 *' $4,993,198
10,532
Mise.
$784,339
2,823
income
...;;
_
Nov. 13 with :he
shares of 12% cents
preferred
directors
There
■
Minority
courts
that
a. -•■.^
-.
100,066
summated.
Marie RR.—Earns.
442
Cr—
income
Total
Is Upheld by
Co., Inc.—WLB
&
filed
Delaware,
ready
70,372
;
launching
a
orders.
■
Corporation
The
$1,039,100
126,569
$981/763 $1,221-584
V. 157, p. 2253.
>,
$914,485
income
Other
»
61,860
:
$572,859
income.—
(net)
..
expenses
accruals:.;
oper.
"
Robombs—
Windsor Corp.—-Files Preferred Shares—
: Morris &
funded'
on
™_^_.:.™™—
Bed.
tax
R.v.
$1,412,179
income
Gross
oper.
Railway
.•* >
■;
ticipating
1944—Month—1943
1944—9 Mos.—1943
$2,898,123
$2,734,969 $22,922,624 $18,963,392.
1,880,707
1,647,217 ■ 16,349,066 vl3,967,455 :
444,557
173,267,
1,772,327 / 1,280,596 V
Railway oper. revenuesRailway
$1,409,870
126,426
$1,148,783
126,301
>.
1735. 675 and 194;
2638.
p.
Ward
Board
Moore
;
482.637
86,556
-—-—I—:
income
Period End. Sept, 30—
,
$3,971,231
Depreciation
477,003
86,556
,
payments on partip. units—
158.
of
manufacture
.decision
court
$1,608,293
475,758
preferred stocks—-—
cn
Ohio."-
Dayton,
Supreme Court declined
S.
U.
covering
3,572
$1,973,429
Minneapolis, St. Paul & Sault Ste.
>
$29,944,630 $27,399,873
24,433,130
Other income—.
int.
Oct. 2,'43
8,912,185
Sydl. & adm. exps
Operating profit
-V.
Ended—'
^—-'..9,708.510
sales-,.;
of
•Cost
.
$1,711,096
Net income
Dividends
.Net
Oct, 2, '43- Sept. 30, '44
Sept. 30, '44
,
at
Laboratories
the
Labor
>'■(
the
Income
'
,,
$1,604,721
8,785
produce was developed
Monsanto's Cen¬
again/ Nov. 13, to interfere with
can neither review nor enforce
"
' ..;>"> '
Without comment, the tribunal turned down an appeal of the com¬
pany
from a ruling by the District of Columbia Court of Appeals.
The latter court held that WLB actions are administrative and "at
most" "simply advisory to the President.
%-"'
/The WLB, in case its orders are disregarded, turns cases over to
.the President for action.
"
"
The mail order company contended • the WLB exceeded -Its statutory
powers in issuing orders involving union maintenance, dues checkoff
and grievance machinery for CIO employ/ees at four Ward -stores in >
Detroit.,and pne each hi Jamaica,-N. Y., and Denver.—V/ 160. p. 2675-
W1942
$1,964,644
will
facility
new
$2.5p a share by W. H, Cobb Si Co.. Inc.
Other deductions
..
40 Weeks
—16 Weeks Ended—
-
$818,463
1188.
.
for
lower
War
*
1943
6,362
Interest deductions
(& Subs.) —Earnings—
Mead Corp,
about 2,060
;■ ; r'
1
■-
which, the
product
"'The
;
£ >•■'; ■.%v':': >
":.f
$1,704,734
'
i Net
—V.
occupy
.
.
Montgomery
:
Gross income
33,955
inc. tax.
for Fed.
Pyov.
will
unit
plant
and
High Court—
r
"
depl.,
Depr.,
The first
Texas.
buildings
Develops Launching Propellent for
.
$7,066,314
$7,475,137 .' $6,975,830 ,
5,361,580 '•' 5,510,492. ' 5,371,1-09 "
Non-operating income
$62,719
$108,577
.v.
operating revenues——
Net
5/985
"
$688,319..
;>
1944
30—
deductions;-,__T
Operating revenue
$56,734
$97,944
10,633
/
"
.
Research
■
profits taxes.—V. 160, p.
■
Operating income -Li—
Oper. exp. & gen. taxes
;
propellent for American
models
of
the
robot
bomb by this company
were
announced * on I
Nov.
13
by Monsanto officials and the Army Air Forces Technical
Service Command,* Wright "Field, Dayton, Ohio.—V .-160, p. 2075.
$1,177,038
358,575
Minneapolis Oas Light Co.- -Earnings—
*
r
1944—9 Mos.—1943
1944—3 Mos.—1943
added:
;■ ,>./■'; *;
;>
the
;
for
Flans
$1,171,617
5,421
$1,026,771
338,451
income.
gross
"■Includes"Federal income and excess
Co.^-Earnings-—.
Maracaibo Oil Exploration
Period End. Sept. 30—
,
further
perfected over the last two years by chemists i«
■
—
—
from
Deductions
1971.
p.
i'A
> v-
...■
Contract—
tral
for
$1,404,244.—'V.' 160,
are
revenues
income
Gross
fixed charges, as indicated above, averaged
for the calendar years 1941-1943. ' Estimated fixed charges
available
'Income
Toy
;
at.- Karnack,
"The
1943
$17,121,055 $15,808,100
16,118,394
14,636,483
operating revenues^^^^^.
$2,891,441
*
>.>-
and
.■>■■,.
Railway & bus revenues-——
fixed
for
;■>'
announcement
Works.
Transport Co. (& Sub.)
''
,';*,' • Jy.
>■>
Milwaukee Electric Railway &
Earnings—. ■;
24,660
$1,626,442
income-
from
avail,
Inc.
.
Mountain Bonds-—
layout will be drawn by Mon¬
santo engineers, who, in cooperation with Army engineer officers/ will
supervise construction.
The construction program is scheduled to start
almost immediately, with several thousand workmen being employed.
'."When in operation, the new plant will have a personnel of about
700.
It will be operated as a
part of Monsanto's Organic Division,
and will be In charge of D.' L. Eynon, plant manager of the Longhorn
adjustment mort¬
gage bonds and 1,500 common - shares with an -aggregate par value
of $150,000, will be canceled because
of lack; of equity.
Holders of
$185|000 in 6 '/b first mortgage bonds, with unpaid interest of $68,604
accrued to Aug. 31,
1944, will receive seven new common ,shares of v
$t(W par -value each for $1,000 principal amount of bonds held.
—V.
159, p. 1449.
■">';
-v./'
:. *
'■' F:.
$2,916,101
:
'
1972..".,
p.
acres.
"Plans
a
Total
160,
nance
;
Commission, $165,000 in. 20-year
Interstate Commerce
213,619
income
Non-oper.
,
Thompson,".trustee,
A.
The
income. "On
on
.
."The new plant, estimated to cost about $8,000,000, will adjoin the
Longhorn Ordnance Works, which Monsanto operates for Army Ord¬
Sept.
of
as
$7,746,341,
taxes
,
,
$2,702,482
273,147
30, 1944, were $44,103,817 and current .
including in the reserve for 1944 .Federal a
Sept,: 30/ i943,'current assets were ■
and current liabilities were $8,896,582,—V. 160, p. 986.
assets
State
.
The company on Nov, 9 announced it has been authorized by the
U, S. Army to design, build'and operate
a,facility for production of a new ordnance development. ' /
made in the statement of ..'earnings i
result from the renegotiation of war ,
■ >'.
''i"D.,
been
may
,,
Ordnance Department of the
.
RR.—Would Reorganize— /
The Board of Directors of the company, which operates 13V*. miles ;
of road between Middletown and..IJnionvilie, New York, recently filed
a "proposed
plan of reorganization in United States District Court. " ■)
.Under "the plan, which, is subject to approval by the court and the ;
1,742,475
$1,376,806
■. ■-
.; :.
post-war
less
>
•'
Monsanto Chemical Co,—New Govt.
Middletown & Unionville
,
$4,444,90
2 539.816
facils. &
jt.
taxes,
has
$43/441,424
,
$3,916,622
By.
•
tax
—V.
$2.59
.
profits
excess
•/
!
.Current
and
Federal
;*'>/•
.
provision
liabilities, were
$15,017,176 $18,844,730 $17,405,965 $14,726,458
expenses-—1
14,100,554 13,672,942
11,766,406 " .10,281,501
optw.
,
for
adjustment which
any
contracts.
revenues™—
oper.
By.
-Years Ended Dec. 31
1943
1942
1941
End.
Sept. 30,'44
9 Mos.
for
d
Available for Fixed Charges
Income
■
,
v
>■>,;'•
'Note—No
Central BB. and held by
No interest accrued.
>•■:
s
;. .>
Note—In addition to its funded debt '.set .forth above, the. company
fa) is obligated, jointly and severally with European & North Anier-,
lean By.; on $1,000,000 Of 5'/ first mortgage bonds due Jan., 1, 1958,
and secured by a first mortgage on part of the properties of the latter""
epmpany, all of which
bonds are owned by the company; (b) .is ,
obligated, through guaranties or through assumption in the lease of'
otherwise, to pay principal and interest of $300,000 of 4% • debentures '
due June
1. 1955 (all of which are owned by, the company); und,'
.$340,000 of first mortgage sinking fund 5'!< bonds, due Nov." 1. 1951,
of Portland
Bumford Falls By,; (c) has guaranteed the payment of
principal of and interest on $4,500,000 of 49c and $3,850,000 of 5'4?
first mortgage bonds, due July 1, 1961, of Portland Terminal Co.
' f
$0.95
$0.98
—
/"Includes .provision
refund.'
978,500
.
$4,820,119 *
$5,141*.884
' $2.77
all parties in
Nov. 25, 1344.
jirts-,approved the plan.
has filed a petition with the 'Federal
District Court, St. Louis, asking payment,of $10,352,400 of St. Louis
Iron "Mountain bonds".
Following:'suclF.'payment there would; remain
$13,700,600 of the bonds ontstandihg" Which would receive under tiie
pending reorganization-; plan a like amount of first mortgage bonds.
'Guy
1,078,930 "v" 748,137
--"f
'// '
■•'/' '■ '*-" ,
1,359,800 " 2,240,761
3,979,000 /
.$1,763,984
;■
Guy A.' Thompson", trustee, although authorized by the Circuit Court
to/ disburse, approximately $18,194,550 .in . accrued interest to certain
of the road's, bondholders, is withholding, payment pending determi¬
nation whether objections' will be made to the Appellate Court,
I
'In the event of no new litigation within the prescribed period, It is
understood the trustee will pay the (interest to bondholders sqnietime
during December.,,
>
■'■; '-.
,
274,854
$1,824,773
_
—
"
3,000,000
by Maine
ref. mtge.
owned
($66,000
<
Somerset By. 1st #
share
Per
12,000,000
stock—
preference
■
Net income
1,276,288
—
—..—
—
615,000
'
or
Equip, contracts, instalment payments due quarterly
semi-annually at various date, 1945-1952————
common stock
———_——.—
—i——
'1
set Jan. 8 for hearings on the
Would Pay $10,352,400 on Iron
'V
'
.
812,000
■/
-y: -
Rlan—
.
.
-1-——$3,634,281
Net income
124,000
Ogdensburg: By; Jst mtge. 4%s, due, Nov, 1,
(assumed)
—
—————L*.u———~
trust ctfs. of ,1939, VA'/r, due serially March 1,
Portland
.
,
$9,790,882 $10,514,281
'761,826
1,146,581 1
$3,387,588 '.$3,764,742
246,693
; '328,534
Other income credits—'
4.423,249
_• •.
Held Up—
Interest Payment
1,484,546 >4,365,731
,
>.-
>:
;
reorganization plan.
The court order directs
having any objections to file-them on or before
road's
.—
,
system's
The Interstate. Commerce Coinmiasipn
1944^-3 Mos,—1943
1944—9 Mos.—1943
'
..•'*:^
allowances
$14,746,347 $15,661,368 $45,218,139 $41,849,989."
of sales——-.
10,026.278
10,412,080
31,061,526 26,912,458 ,
—
.furthermore,;the
federal Judge H, Moorq at. St. Louis
Gross sales,- less returns
&
at, the discretion
road .management,twites
obligations improves' the. position,
securitiesUnctudihg. The: udjUslnieflt' bonds.—V. 160,
charge, and is. payable .only
fixed
Directors;
Missouri Pacific.RR^-Hearing on
.Period End. Sept, 30—
V
$9,000,000
General
.Series A.
;
a
of
that purchase of senior
1972.
.
,
Mid-Continent Petroleum Corp.—Earnings—
-
Proposed Financing
.
.
-
hot
Board
the position
several corporations,
Co.;
is
interest,
for
shares are subsequently
such
;
ordinary divi- i
Federal income tax purposes;. ihat the remainder received
will reduce the cost basis of the stockholder's shares for. the purpose
of
determining gain or loss lov Federal income, tax purposes when
dends
approximately. 250 miles- ,
•./. ... ■ « . »'
company is obligaied'to the following' other railroad companies with
rcbpoct To properties of such companies leased to and operated by
the company:.. (1) European fis, North American By.;
(2). Portland «fe
Itumlpid Balls KB.
The lease to the company includes the .sublease of
Portland. & Bumford Falls By.
There, is outstanding ,$1,000,000 par ,
value of capital stock of Portland & Bumford Falls BR., all of winch
land and Vaneeboro, Me.,
is owned
distributions will- be deemed, to be.
these,
1944 .from
in:
Port--'
the company lies between
principal main line operated by
The
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2186
Appeals in St. Louis
ndainant. allegations.
v. ...
„
The, suit was fiied; last. April by fi holder of,adjustment , bonds, alleg¬
ing J hat the road's - directors lnid. acted,, arbitraijly in failing to 'pay,
interest oii these bonds'while'using revenues to retire other securities.
The road contends that the adjustment, while cumulative as regards
President, etc.—•
>
,
succeeding Fred P.
Mattpx, who has been elected Chairman of the board.—V. 160, p. 435.
..
Gqy
Johnson
P.
has
been
elected
National Refining; Co.
—
President,
Redeeming Prior Preferred
Free—
,j
Stock—Redemption Held Income Tax
The
,
share,
,
Oct.
company
all
.25*
price,
-
plus
has
called
for
redemption
on
,
Dec.
1,
at
$131 'per.
shares^ of $6 prior preferred stock outstanding of record
redemption figure 'includes" the $105 per share/call
accrued unpaid dividends of $26.
At the close of business
The
Volume 160
there
at
hoders
Nov.
on
The
Mr.
Peirce
quiries
and
to
equal
stitutes
will
be
for
said
that
the
accrued
income
of
opinion
stock
to
the
he said,
received
been
redeemed—V.
160,
payment
in
Howard
exchange
that
>
Palmer,
S,
Period End. Nov. 4—
trustees
the
Stores, in
i
operation
at
earlier.—V. 160,
year
trustee
have
and
appointed
President,
Henry
totaled
'
839,
"W.
Office
•
week
Defense
Of
ended
Nov.
the Association
10,
Operating
ago,
in the corresponding week a year ago.
month ended Oct. 31, 1944, the Association reports electric
55,847,847 kwh.
This is an increase of 1,377,516 kwh/, or
above
production of 54,4.70,331
kwh. for the corresponding
ago..
year
October,
Net
Co.—Earnings—
'
'
"
1944—9 Mos.—1943
«j>
14,314 314
2,493,778
2,318,821
income-
2076.
3,512,674
3,257,630
23,653,118
20,187,743
Sales
*
160, p.
The
Newmarket Mfg. Co.—New
Association—Output Up 2.80%—
available for its
65,944,965, compared
1944, att Increase of
■;
'-WW
Comparable figure for the week ended Nov. 4, 1944, was 64,707,430,
decrease of 0.51%.—V. 160, p. 2076.
;
V
Association
for
a
of
number
reports
the week
for
64,151,764
2.80%.
ended
the
kilowatt
11,
Nov.
week
1944,
hours
—V.
Walter
B.
is
No
in
New England Power
Co.- -Earnings—
A,
9 Mos. End.
Sept. 30—
operating revenue
Gross
President
>
1944
——
earnings———-
gross
Llndsley
9,830,107
366,093
286,919
Dcpreciation
493,380
493,380
Taxes, other than Federal taxes on income-
655,157
664,024
Federal
642,555
2,157,934
Operating costs
faxes
income—_
on
'•'* Balance before capital charges.
Interest and other charges
—
period—
Cr2,820
$206,153*
—
$220,273
160,
732.
p.
.
1944—10 Mos.—1943
1944—Month—1943
.
$52,072,888 $50,572,459 $408,694,441 $381,834,379
——«
months of 1944 the corporation has carried
flown 1,362,008 more revenue miles and car¬
nine
first
passengers,
more
1,270,122
PCA
more
of express.
4,143,543 pounds of mail and 3,524,406 pounds
numbers
now
Three
in active service over its routes.
14 DC-3's
.
has
158,
been elected
2050.
p.
President
aircraft have been returned to the airline and when reconverted
before the first of the year will bring the total fleet
Capitaliners to 17.
On Nov. 5 PCA inaugurated daily air service
Huntsville, Ala., as part of its Pittsburgh-Knoxville-Chattahooga-
to
to
passenger use
of
the
succeed
late
to
Birmingham
$1,478,108
route.
273,202
$1,204,033
Preferred
360,630
$1,597,963
360,630
$843,403
dividends
before
$1,237,333
declared—A,
dividends
(Del.)—Weekly Output-
of
output
this
for
company
kwh.,
45,842,000
stockholders
on
Nov.
on
class
and
A
-V.
160,
and surplus.
dividends
common
of
834.
p.
class
Period End. Sept. 30—
Operating
Operating
10,495
expenses
Operating
taxes
Not
Net
—
—V.
829.565
1740., t.
160, p.
■
;
revenues * —
Uncollectible oper. rev-
;
Operating revenues
expenses
Operating
7,222,229
7,058,563
811,194
share,
per
or
,
Co.—Earnings—
3,121,556
1,154,244
3,703,786
368,112
28,016,434
9,208,263
26,662,043
$587,658
taxes
Net
$447,649
376,663
$5,088,065
4,603,680
$5,077,331
4,486,714
income——
oper.
Net income
160. p. 1298.
7,726,375
"
,...
Consolidated Statement of Earnings,. Quarter
Total
War
from
income
emergency
74,344
Operating
taxes
patents,
1.
Wi-AA-
Net
23,890
etc,
3,614,599
...
1,667,053
2,485,130
14,894,485
12,970,404
income-
$802,588
$833,558
810,512
Net .oper.
$1,266,172
301,703
.816,679
$7,346,985
7,123,934
160,
1741.,:
p.
Reserve
additional
for
_
and
wages
'
Income
Earnings
available
for
share on 1,960,000 shares ($25 par)——
paid per share in third quarter of 1944—■
per
Dividends
IstQuar.
*■1944
;
1,51943
deducting pro rata
additional compensation."
Note—Renegotiation
with
3rd Quar.
of
annual
the year 1943
for
have
the
been
160.
company
for
share'
of
stock
common
$
63,022,528
52,457,156
"
other
and
Federal
11,458,066
28,777,666
19,459,295
—23,013,200
discount
interest,
deductions —
for
of 52,088 shares of preferred stock
March 27, 1944
connection with the redemption and converpreferred stock
of
sion
other
income^—'
on
Net income to
subs,
of
Divs.
reported to be outstanding $34,646,800 of 15-year secured 344% bonds.
Holders may, at their option, at any time prior to the date fixed
Dividends
company
10,864,664
surplus
%
——
1,330
1,496
to Pacific Gas & Elec. Co.
23,011,870
stock-.
l—8,409,849
22,577,525
capital stocks
on
held by public
redemption price, plus
To
on
Nov.
declared
8
capital stock, payable Jan.
1944.
was
directors
A
similar
followed
by
distribution
a
per
bonds
to Dec.
interest
accrued
Pay Dividend of $1
The
the
aforementioned
surrender
and
27,
receive
dividend
full
the
Balance applicable
Dividends
on
preferred
14,602,021
Applicable to common stock-—
on
common
stock
8,409,643
——
—
14,167,882
12,522,548
-12,522,548
Of
$1
per
In
share
on
15, 1945, to holders of record Nov. 25,
made on Jan. 15, this year, which
New York Chicago &
on
July 15—V.
St. Louis RU.
—
160, p.
1865.
Plans Involve
About $42,600,000—
The
finance
plan to
St.
refund
Louis &
committee
Black.
third
the
of
the
road,
5%%
4s, of
1950,
bonds
it
is reported, is completing a
1974, $6,500,000 of Toledo,
of
and to prepay $10,000,000 of
bank
loans.
The road,
it is said, proposes to issue and sell $42,000,000 30-year,
3\i% bonds, using cash from the treasury for the remainder of funds
necessary to redeem the two bond issues at call prices and to prepay
—
2,079,473
customers
were
President, in his remarks to stockholders,
1,645,334
$639,739
354,296
for nine
Dividends paid on
Sept.
30,
21,459
stock
$1.25 cum. conv, pfd.
1944
$972,576
—-—
30,
1914
Assets—Cash, demand deposits in banks and working funds, $2,558,U. S.
Government securities, $241,000; receivables, $1,082,414;
of replacement parts and
supplies, at average cost, or
inventories
reconditioned
value
(less
of
reserve
$46,886),
$332,096;
property and
at cost (less allowances for depreciation of .$1,606,298),
$1,390,649; work orders in progress, $40,550; prepaid expenses, $100,059;
other assets, $6,401; total. $5,751,358. •
equipment
payable,' $369,811;
Liabilities—Accounts
salaries and Wages accrued,
(other than Federal income taxes), $235,993;
for Federal income taxes,
$402,935; deposits on air travel card accounts, $112,196:
unearned
transportation revenue,
$12,136; common stock (par value $1 per
share), $474,460; capital surplus, $2,778,052; earned surplus, $972,576;
other
accrued taxes
accrued
liabilities,; $265,707; provision
Note—24,000
at
$2.23
states;
of
ducers
decline
certain
Sales
was
war
'
of
for
gas
materials^
including
use.
that
furnished
on
In
Grass
of
160,
1867,
p.
Pennsylvania Electric Co.—Earnings—
12 Mos. End.
1944
Sept. 30—
customers
operating
revenues
1943
——
—
——
Federal
profits taxes
excess
State income taxes
Other
-
oper.
income
—
—_
*
*
190,896
1,223,163
-
$5,575,306
——_—I
:
revenues-.
251,813
1,034,027
;
—
taxes——W
*
Net
218,384
—
Gross
—
$6,006,045
191,238
153,354
$5,766,544
—
income
-
—
$6,159,399
—
from income
1,338,724
1,789,982
—•
$4,427,820
$4,369,417
,
1944. deliveries of electricity to all
increased 14.3% and deliveries* oi gas 2.6%,.
ended Sept. 30,
year
our
are reserved for issuance to officers
share, under options dated May 17; 1944,
each year until May 17, 1952, when they
shares
per
one-eighth
Operating revenues
———L
$20,570,029 $19,443,625
Operating expenses
—
7.440,570
6,552,252
Electricity purchased for resale——.—-—
1,145,453
995,099
Maintenance
1,411,388
1,156,313
Prov. for retire,
(depreciation) of fixed capital
1,820,232
1,752,637
Amort, of electric plant acquisition adjust.—,
' 3,992
Federal income taxes—
,_4.——
1,891,239
1,344,845
Deductions
increases.
the
classes
common
$14,125
an
intevruptible basis, were substantially the same as in the third quarter
Of 1943.
Deliveries of gas for domestic and commercial use showed
marked
expire.—V.
Other
.
industrial
of
exercisable
—
1944
due chiefly to a reduced -demand from pro¬
particularly light metals, and may
indicate th.at the peak in electric power consumption by war industries
has been
reached in our territory.
On the other hand,, sales in
residential and commercial classifications showed* substantial gains,
with the result that the overall trend ill sales of electricity continued
The
year.
price
a
.
sales of electric power to industrial
slightly lower than in the corresponding period of last
of
quarter
upward.
$26,100,000
Western
•
James B.
.
was
payment of 50 cents
Balance
Earnings per*fcommon share—$2.33
1944.
Share—
a
6,336
Surplus
1944—.——
months ended Sept. 30, 1944.
1,
.
$994,035
and
*
redemption,
Net income
;
.
total. $5,751,358.
3%% Bonds Called—
has called for redemption on. Dec. 27, 1944 all of
its outstanding
15-year secured 3Vi% bonds, due May 1, 1952 at
10242 and int. Payment will be made* at the office of the company
at 466 Lexington Ave., New York, N. Y.
After the redemption date,
the holders of said bonds will no longer be
entitled to convert the
principal thereof into common stock.
At last accounts there were
for
104,176
,
$2,778,052
30,' 1944
Sept.
Balance,
22,579,021
and
:
taxes
26,050
conver¬
in
$127,492;
Bond
with the
connection
in
redemption
or
Expenses
445,824
52,902,980
__
4
189;
63,248,932
;
:
325,625
outstanding
1943
$
—148,630,758 135,529,680
65,606,873
63,406,522
19,666,002
—
issued
,
$2,914,614
conversion privileges_r.__.__„-i:v—
—;.
Underwriters' commission of $1 per share on 104,176 shares
Balance,
226,404
income
GrosS
.
1,020,924
of
Balance Sheet, Sept.
»
income
$1,568,065
of $2 per share paid upon redemption of,
shares of preferred stock remaining after expira¬
13.025
on
1944
revenue
Months Ended Sept. 30, 1944
Surplus
■'
tion
V; v,'
/'Net operating revenue——
Provision
New York Central RR.—Secured
The
the
record Nov. 15.
on Dec. 1, last
per
depreciation.——A——20,001,357
Miscellaneous
income
1865.
p.
operating
Provision
.
con¬
expects
to
receive, upon their recommendation, a final clearance from the
War Department at
Washington certifying that no excessive profits
were
realized
by it on renegotiable sales to the Government during
1943.—V.
$2
Maint., operating & admin, expenses & taxes—
"special
■.
.
preferred
.
v
proceedings
York Ordnance District and
the New
.v
■
,
•
Gross
' 2.30
,i
of
12 Months Ended Sept. 30—
1st 9 Mos.
for
allowance
dividend
payable Dec. 1 to holders of
per share paid on this issue
$1
2405.,
p.
a
$260,013
for Federal excess
necessary
».
stock ($1,109,700) over par
vavlue ($88,776) of 88,776 shares of common stock issued
upon conversion
Excess of sale price of 26,050 shares of common stock at
$13.50 per share over par value of $1 pef share-.
convertible
lative
Pacific Gas & Electric Co.—Earnmgs:
$2.04
0.79
0.76
share
152,
declared
$1,
with
compares
year.—V.
$0.50
$0.66
$0.69
—0.77
"After
cluded
2nd. Quar.
$0.69
stock, par
common
This
$1,291,766
$0.66.
Earnings per Share for First Njnfe Months
Consolidated
....
dividends-.
have
directors
The
$.354,296
to be
■.
Earned
iV...
,
Service Holding Corp.—$2 Common Dividend—
Ohio
$1,591,766
--A —75,000
salaries (estimated)——
225,000
income
for contingencies
Reserve
" '
-v
Balance,/Jan.
."' Total
95,515
206,500
Balance. Jan. 1. 1944
Add excess of stated value of 44.388 shares of $1.25 cumu-
$7,506,478
7,138,733
income
—V.
$5,655,187 $53,675,098 $49,755,254
3,336,499
31,433,628
29,278,372
$6,084,240
revenues..
expenses
-
from
.
94,811
287,000
$140,493
$292,806
believed
provision is
Capital
sion
Operating
Operating
'
___
investments—.;..
from
Proceeds
—
108,997
income
Operating
Income
1944—Month—1943
1944—9 Mos.—1943
$6,092,003
$5,664,625 $53,740,470 $49,810,555
7,763
9,438
65,372
55,301
■
Operating revenues "
Uncollectible-oper. rev—
346,342
expenses
expenses
losses '
Non-recurring
V' Period End. Sept. 30—
..t,
Statement of Surplus for the Nine
$1,795,855
operations.
administrative
and
General
$1,704,281
;;
91,574
218,100
Deduct premium
Ohio Bell Telephone Co.—Earnings—
Ended Sept. 30, l!)M
5
34,810
116,500
16,965
State
&
tax.
22,641
Total
V* New Jersey Zinc Co.—Earnings-
Sales, less costs, taxes, deprec. & deplet., & other oper. exp.
Other
operating income—
$562,028
Net income
profits
$4,519,547 $42,312,762 $39,465,749
$4,863,458
„
A__
$736,107
taxes
income
80% of the book value per
higher,—V. 160, p. 1635.
544,251
Operating
$291,803
income,—
Fed.
for
Prov.
;
1944-Month—1943
1944—9 Mos.—1943
$4,869,581
$4,523,328 $42,356,693 $39,508,294
6,123
3,781
43,931
42,545
Period End. Sept;30—
Operating
$1,311,815 $11,079,480 $11,630,802
$1,252,821
income...^
oper.
income
$7
at
Northwestern Bell Telephone
$8,613,010
$8,510,476 $77,284,202 $75,508,219
6,272,637
5,695,348
53,059,135 50.643,014
1,087,552,, 1,503,313. 13,145,587
13,234,403
revenues...
Operating
$8,523,372 $77,375,264 $75,585,544
12,896
91,062
p,325
$8,623,505
revenues
Uncollectible oper. rev.-
fixed
$727,001
9,106
$539,387
3,715
$527,871
——
Note—-No
1944—9 Mos—1943
1944—Month—1943
been
share at the time of purchase, whichever is
Co.—Earnings-
$288,088
1,810
Deducts, from
class B stock.
expiring Dec.-1, 1944, for the purchase of 103,333 shares
were
outstanding as of July 31., The price of such
shares has
New England Telephone & Telegraph
$526,061
income
Total
1944-^-9 Mos.—1943
$4,424,691 $2,887,406
3,697,690
2,348,019
$1,210,197
922,109
a
stock
A
$2,084,155
1,558,094
J
Operating income
Other
exchange of all present
single class of new common stock
On July l there were outstanding'397,593
for
share-to-share basis.
a
Warrants
the
authorized
3
shares
B
Statement
1944—3 Mos.—1943
30—
Operating revenues
Operating expenses
Northrop Aircraft, Inc.—Stock Reclassified—
class
shares of class A and 5.087 shares of
Balance for
Period End. Sept.
compared
as
Income
Comparative
the week ended Nov. 11. 1944,
with 41,756,000 kwh. for the
corresponding week last year, an increase of 9.8% .—V. 160, p. 2077.
Electric
totaled
$1,871,164
274,076
Co.
States Power
Northern
The
Balance
,
$217,444
16,963
8,074,771
Maintenance
Fasken.—V.
Alex
$13,465,400 $13,548,192
——
of
Nipissing Mines Co., Ltd.—New President—
Thayer
Total
charge
surplus for
——
passengers,
of
charge
$223,116
—
adjustments——.—.
more
2,023
1,806
'
in
or in the New York office is
President and Treasurer, Mr. Gallant
production and Mr. Griffith is Vicesales.—V. 160, p. 731.
is
Weston
in
1943
$13,463,594 $13,546,170
Other income
%
who for
in the mill
personnel
Mr.
.
Vice-President
is
92,324
9,381
pounds of mail and express than in the com¬
parable period of last year.
These gains, according to C. Bedell Monro, President, were brought
about largely by the return of additional aircraft to commercial opera¬
tion coupled with rapid reconversion and the same intensive utiliza¬
tion- of equipment
which has characterized the company's previous
operations.
• :
: During this nine-month period PCA has carried 298,314 revenue
officer.
an
change
contemplated.
in
During the
many
Little
7,688
160, p. 1636.
ried
v
Gallant, Clinton C. Griffith and Melville Weston,
18,000
Pennsylvania-Central Airlines Corp.—Earnings, etc.—
years have operated this company, have acquired a substantial
majority of the voting stock and now have a controlling interest.
Control was acquired from American Associates, Inc., of which Royal
as
13,
ended Nov.
243,047
—2
—
————
other
and
Period End. Oct. 31—
Sales
1944—10 Mos.—1943
Control--;
tax
79,641
150,000
190,000
surtax—
(J. C.) Penney Co.—October Sales Up 2.97%—
21,583,697
;;
,v-:
income
this time.—V.
25,818,537
$7,711,253 $71,790,804 $68,440,887
$8,282,254
—
1635.
profits
and
75,000
adj._
post-war
Note—The possible effect on earnings of the renegotiation proceed¬
ings for the year 1942, which were assigned to the War Shipping Ad¬
determined and cannot be forecast at
(J. J.) Newberry Co.—October Sales Increased 7.4%—
1944—Month—1943
income
on
$791,837
53,473
:
——
and
4,255,074
'
$567,277
ministration, have not yet been
' •.
..;
.
Period End. Oct. 31—
—v.
Net
Increase
13,487,093 121,932,794 117,748.213
4,455,660
53,458,203
45,447,706
5,423,793
taxes
excess
Surplus
',
" '
tj>
(net)
contingencies
$5,046,911
3,409,384
——
interest
*1943
1944
$3,976,661
Minority share Pacific Coast Cement Corp,
122,273
with
by
cleple.
deprec.,
exps.,
operations—-—-
for
Fed.
Federal
opey.
v—_-r—
other
and
Normal
21,455,427 199,044,115 189,014,456
income-
oper.
—v, loo. p.
•
New England Power
territory
absorbed
(& Subs.)—Earnings—
from other operations-.—,...
sold,
from
Provision
1972.
p.
taxes
Bond
'i;
•
22,231,885
taxes
<
1944 is reported as 549,152,000 cu. ft., an
increase of 33,140,000 cu. ft. or 6.42%. above production of 516,012,000
cu. ft. in the corresponding month a year ago,—V, 160, p. 2076.
in
output
Executive
oper.'rev.
expenses
Net
of
a
Gas
an
'
the
month
McCarthy
F.
goods
Profit
21,496,765 199,291,543 189,405,066
41,338
247,428
390,610
Operating
ft.
cu.
For
output
2.53%
of
and
announced
22,258,857
26,972
Operating
.
increase
000
14
revenues__
Operating"
output for the Nov. 10 week is reported at 131,413,000 cu. ft.,
of 7,624,000 cu, ft., or 6.16% above nroduction of 123,789,-
Gas
Nov.
on
1944—Month—1943
•
revenues
Uncollectible
reports electric output
12,921,393 kwh.
This is an increase of 131,862 kwh., or 1.03%
above production of
12,789,531 kwh, for the corresponding week a
an
was
Sept. 30. 1943, by $11,854,000.—V. 160. p. 2005.
Sales and revenues
transportation, Washington, D, C.—V. 160,
Period End. Sept. 30—
-
of
year
gain
9 Months Ended Sept. 30—
$15,188,000
Traffic Manager of the Boston & Maine
Railroads, was, until recently, Assistant Director,1
•
New York Telephone
'"*. 'v-* 'iv:
'i
;
884 a
against
as
,
Association—Output—
New England Gas & Electric
For the
the
Passenger
Central
'
-
this
of
in
Pacific Coast Co.
$7,161,290 $83,627,147 $77,547,427
1944
4,
Nov.
1740.
p.
Maine
and
1944—44 Wks.—1943
1944—4 Wks—1943
$7,647,980
*
24
Assistant to the President, with office at New Haven, Conn.
Mr.. McCarthy,
Sales
three-fourths
which,
than
the year ended
Cost
National Tea Co.—Sales Continue Higher-—
s
sub¬
would retire a
New York, New Haven & Hartford RR.—New Official
full
1406.
p.
a heavy sinking fund provision which
portion of the issue before maturity.
.
approximately $5,000,000 of cash to call on Nov.
outstanding SVaS Of 1947.—V. 160, p. 2076.
redemption price
$131
the
in
the entire Nickel
mortgage on
be prepaid, was arranged with
the Manufacturers Trust Co. in October.
Proceeds are to be used with
shareholders.
the
counsel,
have
to
first
a
The $10,000,000 bank loan which is to
whether that portion of the redemption price
unpaid dividends of $26 a share on Dec. 1 con¬
considered
the
taxes
more
of
.
.
carry
stantial
particularly
dividend
the
Approximately
increased
$9,760,000
system, together.with the $59,500,000 of outstanding refunding 4%s of
1978 which will move up to a senior position after the calling of the.
3%s of 1947 and the Clover Leaf and refunding 5%s.
The new bonds
the
The, new bond issue would be
in the receipt by any
income," the statement said.
the company had received a number of in¬
tax
status of the redemption price of
the
dividend
concerning
stock,
9.7%>,
shortly
including Federal
taxes
on
income,
were
the preceding 12 months.
Purchases of natural gas increased $2,669,000.
The aggregate, of
all other expenses of operation declined slightly, but total operating,
costs, including provision for depreciation and taxes, exceeded those
after
for
set
3.
of
close
will
date
redemption will not be deemed "to result
shareholder
In
30,735 shares outstanding.
were
time before
any
It is expected that the financing will be undertaken
of the Sixth War Loan drive.
the loan.
Payment Will be made
redemption.
The redemption price of $131 a share on this company's pi'ior pre¬
ferred 'stock,
in ths opinion of counsel for the company, will be
deemed, ,for income tax purposes of shareholders, wholly a capital
transaction, Louis S. Peirce, Vice-President and; Secretary, informed
25
Oct.
2187
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4335
from all sources advanced $13^01,000.
or
Net income
v-V.
-
160, p. 836.
—
-
—-—
Other
and
^Cost
'
-
^profit ;
Federal
taxes,--—
shall
;
/
includes depreciation and
*
shares."../ "
490,948"
'■A-'Assets— '
S. Treas.
U.
.
Merchandise-; inventories. —
- 4,548,324
in transiti--2.--T_--%-_I---l-r_-.
320,834
of supplies—'„—-_--.'-^___--'__—' ,73,831
Cash. in closed banks r-(net)_-—,46
Contract deposits ———_—1———, , : 10,285
assets
fixed
Total
'
:■
4,629,881
v
J
1
331,631
55,072
386
10,285
■
Accounts
payable,
iv/'/vi
and
171,832
90,866
108,383
424,033
73,525
taxes
and
and
Federal, income
payable
Mortgage
171,832
payable—
Fed.
Res.
for
possible losses oh
retirement
($5
taxes..-—
U
$12,514,836 $11,622,833
'
October Sales—
//.:v.; ///-/
1944—10 Mos.—1943
$2,980,297 $28,17^,400 $28,044,878
1944—Month—1943
Period End. Oct. 31—
Sales
$3,047,964
160, p. ,1636.
/'/
■
/
/:■
•
///■■'/'./■•
....'■•/;,•:7///,-
■::;
before
the
same"
matur¬
coupons
Nov.
on
Provision
General
Federal
State
—-/A
.taxes,
taxes
the'books-have
also" V.
See
Bank
Trust
&
been
'
V.i
Z
.
n
,
"'
of
the
.''/:
■
the
June
were
in
96,224
;w/b/_r_v—_d_J—
Gross
79,353
115,353
7,148
$348,399
3,712
10,684
$359,083
—1_—
174,,750,
deduciions-7--.^/^rll_--
'
173,682
.
v/?-;A->V
Net income
*****
—yc 160.. p. ,668.
that
(-•. ■/•,-
$185,401
$234,604
f* .*r
/eZMt;/:.-
.,,;.d8 Z'Jr
stockholders,'
at
the
and to
change the par
capital
held on Nov\ 9, voted toshares to 7.500,000 shares,
value.from $1 to 33'/3 cents per share.—V. 160,
a
stock
special
from
Z
Electric, output of the
Z
I'yi-:
'./';...
/
Philadelphia Electric Co.—Weekly Output—
The
week
of
electric
ended
output
Nov.
11,
for
1944,
6,749,000 : kwh./-.or
the
company
amounted to
5.4$
the
over
,
The
Stock
York
New
and its subsidiaries for the
132,225,000 kwh., an increase
corresponding week1 in 1943.
due
;
/'; /'; //
Exchange
Nov.
authorized the
has
listing
of $65,r
,//:?!
Z
.J i 5
I
'
>.
Philadelphia & Reading Coal & Iron Co.—$1,13.4,650
Company—//.//
// (J
Fees Asked in Reorganizing
aggregating
Court
at
company.'
"The
four
$1,134,650
Philadelphia
■
asked
were
for- services
'j
.
<
claimants
included
bondholders'
protective
in
Nov.
U.
in
10
District
S,
reorganization
the
.;-t: "• i
of
the
and
York
New
lawr
firms,
and nine individuals, includ¬
ing a special examiner,'a-special master end income tax experts and
accountants who acted as mortgage trustees in the reorganization.
The reorganization has been' in process -since 1937 and recently a
committees,
plan was confirmed by Judge William H. Kirkpatrick under which tile
company's capitalization is scaled down to $12,000,000.
"The
largest
fee
of;
in addition
of
$1,000
Other
Philadelphia,
and
with
nected
claimed
is
Bockius
$220,000
the
law' firm
of Morgan, Lewis &
.the company.
They ask
received as a monthly retainer
received for legal services not con¬
for
to $36,000 already
additional
$88,000
"routine
large
by
counsel
as
matters."
claims
are
asked-by-
a
•
,
.
,
$34,000
•'
,
••
•
Philadelphia? commktee
representing refunding bondholders and .$100,000 claimed by its counsel.
Biddle-&
Reath;
$22,000
for
the
Philadelphia
Andrews
debenture
committee
and
$85,000
for
its
counsel,
Ballard
Spuhr,
Drinker.
Andrews
& Ingersoll, and $60,000 for a New York committee of re¬
bondholders and $120,000 for its counsel, Arthur Garfield
and Allan S. Hays.—V, 160, p. 1191.
funding
Hays,
2079.
and
Philadelphia Suburban Water Co.—EarningsGross
revenues
Oper. (incl.
Pyrene
Net
earnings
Interest
$2,638,610
818,692
+100,228
737,249
1,086,205
*552,124
.
Federal
income
Retir. exps.
$1,155,247
$1,874,166
$1,772,536
552,358
553,600
542,430
596,096
€r20,362
93.412
69,351
t
t
279,000
**
259,630
253,351
.
avail,
'Includes
taxes.
—V.
for divs
all
P.
$627,675
Federal
tlncluHeg
160.
with
and
taxes
1403.
local
above.
M.
office
the
fill
-
made
H.
v
Senior
of
Vice
President
;
.
for
Mr.
upon
,
of
reasons
>
an
extra dividendf of 30 cents
dividend of 30 cents per share
stock, par $10, both payable Dec. 15 to holders of
A similar extra distribution was made on Dec/ 15,
17.
declared
10
Nov.
on
usual semi-annual
and the
,
159,
Z;/,;/1,./ '.'/ZZ:"Z':Z
2122.
p.
/■'■ :v :Z/ Z'Z;
:
Approved-
&
160,
RR,
Hudson
the merger of the road With • the
for
Dela¬
Corp.
■"/■•■/ :Z////Z,
1868.
p.
Republic Steel Corp.—Plans Increased Output—
corporation on Nov. 3 announced plans for- a large expansion
its production and sale of high-strength, low-alloy steels to meet
anticipated post-war demands for light-weight .equipment* ia the trans¬
$626,010
taxes.
3699,694
tDoes
""Included
in
not
1 Z'
Z.
ZZ
Z
charge of sales/ stated that" Republic
license tights for the manufacture of .-"Cor-Terr" and
"Aldecor't steels; .• 'Z.';
-'
'Z'
'■ /•' ; "
' '■ Z; • /'
At
the same time, Republic will continue to produce": ahd market
its
own
trade-marked
product,
"Republic Double Strength Steel,"
which Republic developed for the trade some years ago.
"Cor-Ten," widely used for many years, is a patented steel produced
by Carnegie-Illinois Steel Corp. and other subsidiaries of United States
Steel
Corp.
"Aldeeor," a comparatively recent product among the
high-strength, low-alloy steels, was the result of research by Alloys
Development Corp.,
of Pittsburgh, and was developed by Republic
Steel Corp.—V. 160, p. 2079.
Z '
\Z ZZ"/
, /
portation
as/compared
-
Nov.
on
that
15
the
with
-
;Z/V^Z"'/'. Z;
Dividend—
include
^
directors
field:
Clarke;- Vice-President in
acquired
Rheem Mfg.
has
elected
been
Mr.
Fay
Comptroller
and
160,
of
p.
!
l;een
has
elected
a
Vice-President
Etc.—
a-r.d
Harry
director.
Mr, Whitaker was for a number'of years associated with Atlas Corp.
Shortly after-America entered the war he served as special assistant
to Leon Henderson in the Office of Price Administration, and subse¬
quently served-with Floyd B. Odium in the OPM/the predecessor of
Durning. Collector of the Port
■
*"
' •
Mr. - Whitaker will have administrative,
special work, and' act as assistant to the
Incidental -to entering- the
management, Mr.-Whitaker
a director.—V. 160. p. 1868.
Vice-President
As
duties, /supervise
President.-
resigned
.
as
of New York, was elected a
Board.
the War Production
of
RKO,
certain
Period End. Sept.
revenues
Operating
expenses
oper.
__
.
Other
operating
'Gross
,
communic;; inc.-,
$35,471
$23,263
1,400
446
$56,839,057 $51,656,659
and
Net
Total
on.;
for
Prov.
$179,503
$167,857
11.646
'
$28,817
182,354
211,749
$148,283
Operating deficit
inc, (non-com.)-..
Ord.
$34,071
Net
ordinary inc.
from
ord., inc.-
$182,932
ordinary
Extvaord.
Net
inc.
income,
(Cr)
income
2,292
$1,424,925
20,728
$148,171
$180,640
$1,404,197
$1,118,865
•
net
Net
inc.
earned
operation expenses.
—V.
inn
n
,|nc._
transfer,
surnlus
1749
119,506
141,890
.
$1.407,447
1,130,554
*
$38,750
$276,893
$0,70
'
' 1944— 3 Mos;—1943
$195,678
$820,337
30—
stock■ and
°
&
State
taxes
-
„
'
$0.60
».
.
Z:
Inc.—Earnings—
profit
income
After reserves and
1944—9 Mos.—1943
$1,215,056 $2,627,718
.
•
■
1
'
..
,•
•
• •
946,500
2,297,250
$268,556
722,975
110,500
$1,118,865
900,010
$218,855
$97,262
$85,178
other charges,-
-
-
Note—Depreciation amounted to $28,290
for the nine months' period.
•
•
$330,468
-
for the third quarter and
the third quarter of 1944 were 43.84Z, less than
the same quarter of 1943.
Shipments made during the
months were'35.73',); less than those for the same period a
Shipments
to
.
•,'<
shs., cap. stock
1
-
$84,870
first
for
nine
during
"
amounted to $6,178,161 on Sept; 30, including cash
and Government securities of $4,071,885.
Current
liabilities, including provision for Federal and other taxes, amounted
to $2,580,306, a ratio of 2.54-to-l.—V. 160, p. 1022.
ago.
Current
year
on
$28/665
,
$2,389,745
$2,798,035
w-*—2_—:
1022.
2,970
3,250
$180,640
,
,'120,613
4,000,000
,
1,289,692
those
$148,171
from
p.
franchise
$1,121,835
1.12
16,789
$6,510,p58
and -advances_^u*—.../ (' 79,099
profs, taxes (est.)—-;
4,600,000
co.ntingenciesi-^^—375,000
Prov. for Fed. income
Net
Deduct,
78,468
$7,852,134
notes, payable
for
Ritter Co.,
cap.
Hr.,
$6,493,569
._/
(net.i—
income
income
160,
*Nef
853,017
$7,773,666
r
533,423
4,978,705
2,023,313
„
Fed. inc.; & exc.
Provision
Net
6,545,311
5,678,721
income
Interest
32,786,057
6,381,792
„
revenue
Non-operating
$353,920
$323,366
12,600
34,981,565
services-^-—..—Z——'Z.1
adm. & general exps._„^^_—
Depreciation, depletion and amortization^.
Dry hole losses and abandonments.^-.
Sell.,
Mos.—1943
$310,766
1,735,691
!
:
revenue
sales
of
Cost
—V.
$403,500
726,866
:■
■'
Period End. Sept.
deficit—
:
1944—9
1944—Month—1943
$45,891
$41,648
81,362
70,911
30—
Operating
America—Earnings—
;' Z
///
1944
1943
tax. $56,406,133 $50,954,114
revenue--——Trr}Trv.7—
432,924 ,. : 702,545
,Z
Sales, excl. State & Federal gasoline & oil
Earnings per share on 4,010,000
Radiomarine Corp. of
'/
Richfield Oil Corp.—Earnings—
9 Months Ended Sept, 30— '
■
/ /
;
of the Hydril Corp., Los Angeles,
the Rheem Company/: Previously,
Blair & Co., Inc., investment securities
of Nemours Trading Corporation, a du
2080.
/,
Z'."Z
Treasurer
subsidiary.—V.
Pont
Treasurer
Comptroller of
was,
underwriters,
1
Co.—Comptroller Elected—
formerly
George. Fay.,
research and development'organization,
Whitaker
M.
John
$622,886
Federal
J.
N.
has
year;, a' decrease of
Radio-Keith-Orpheum Corp.—New V.-Pres.,
Deduct,
Bai,
has
The
Wis corporation
for the week
2301851
11««
tax
(or deprec.)
1940;
of
immediately
capital
—V.
Co.)
//, _/v//,// /' /"
,/
1128,824
Crl4,018
$1,166,014'
charges
Z Z
-
this company,
,
Gross
Other deductions
Ohio
*
.
The D. & H. had provided in an original
merger proposal that it could reject the plan if 90Zp
of, the Rensse¬
laer & Saratoga stockholders did not approve.
The vote was 67,245
shares for and 19,010 shares against.
The Saratoga has 150.57 miles
of track
which since 1871 have been Under lease to :<he D. & H.
Z,
the Pyrene
been formed as a subsidiary
of the
Pyrene Manufacturing Cov_„.also of Newark,
makers of fire
Extinguishing equipment,arid automobile: tire.:chains..
"The officers of the new, "organization, drawn from
the executives
pnd directors/of the parent company, are Charles G. Durfee, President;
Edward J., Waring, Vice-President, and Edward A, Clapp, Secretary
and Treasurer...
•
/
'/Z.'"-«x"'; •
/'
The' new dfgahizatioh. will not only carry
out research on fire
extinguishing, equipment. and compounds, but will- also work in -the
larger, field of safety devices and other means for conserving life,
health' and property, according to Mr. Durfee.—^V. 158. p. 2259. ,/ ./..
1941
$2,793,085
$2,797,577
1,144,774
617,953
Taxes
to
Nov.
ware
Manufacturing Co.—Forms New Subsidiary—
industrial
new
Other
,1942
1943
1944
$2,928,746
maint.)_.
President of
years
likewise
stockholders have voted
-
have declared a
share and a further dividend of $1
per
share on the capital stock, both payable Dec. 15 to holders of
record Nov. 27.
An extra distribution of $1 per share was also made
on Dec.
15, last /vear.
T-^*l dividends in each year will amount to a>3
per share.—V, 160, p. 1539/
f
announced
was
Net
12 Mos. End. Sept. 30—
since
end,
retirement,
directors:
the
on
-r
Philadelphia
12
37
Rensselaer & Saratoga RR.—Rail Merger
..
Fees
for
was
year's
last., year,—V.
Development Corp. of "Newark, ,N. J,, has
1st
='.i" i'V
■;
Z.
/:/' •' V.-
refunding
^nd
1967, and $65,000,000
sales
of
at
share
record
quarterly dividend of 50 cents per
-
mortgage bonds,
series, due Nov. 1,
ajid, refunding, mortgage bonds,.2%^ series,
1, 1974/ 'which are issued arid dutsfeanding.-d-V. 160,*pc 2078.
1st
000,000
z
p.
Pullman, Inc.—Declares $1 Additional
It
A
Listing of Bonds—
operating companies served by
reported by Standard Gas & Electric
ended
Nov/, 11, 1944,, totaled : 195,813,000 ktvh.,
201,140,000 kw,h. for the corresponding week last.
(formerly
meeting
2,500,000
1741. "/•;
p.
/■
"''Z Z;;
:
Reliance Insurance Co. of Phila.—Extra Dividend—
,/'-Z/:z'/
Pepsi-Cola Co.—Capitalization Changed—..
revise
on
the
effective
The
Service Corp.—Output—
Public Utility Engineering &
2.6$;v.' 1.60,
The
Inc.—Debentures—
1231.
principal
$600,000
/ /
,
/.;
:
"
"
;
/.
health, C. V/ .Putnam
retires
after 38 years with the
company,
to be succeeded in the
office of Secretary by Roscoe II. Smith, who will continue his duties
as
head of the sales promotion department.—V.
159, p. 642.
per
For offering see V. 160, pp. 2078,
'
'
trustee
Collens,
to
elected
Also
■./-;";/
collateral trust bonds, 3%
18G8 and 2006 ; ;
Z '
■
$1' per share
' "
'
/ "
of -the resignation, to become
Hitchcock, Senior Vice President
Treasurer.
He
will, however, remaitfe a director of Reliance.
M. MacCutcheon, Vice President in charge of engineering has
charge
been
'-Z';:Z ^"/;,'/''Z //'/:.:
appointed
■
of
dividend
in
income
Interest and- other
been
L.
Hitchcock's
5^ debentures due Jan. l. 1951, are being notified
amount of these debentures ,have been drawn
by lot for redemption 011 Dec. 15. 1944, at 100 and interest.
Payment
will be made at the office of Kuhii, Loeb & Co., 52 WiUiam $>t./ New
York. N. Y.—V,.160, p. 1742.
.-.-Z;
: ,/Z;-/-./.;v-v 1
;
11,198
$409,355
—Z
has
Co.
a
value,--payable Doc.
160, * p.
Announcement
Holders of 15-year
110,180
.
earningsZ
Net
Other income
Trust
&
Bank
Pressed Steel Car Co.,
131,845
.
$405,643
tax_
income
Chemical
The
series, due 1974.
*$2.78
$2.02
$2.04
newly-created post of Chairman of thf Board,
is succeeded in the Presidency by James W. Corey, Vice-President
effective
Co.—Bond Redemptions—
registrar for $16,981,000 first mortgage and
.
declared
15
par
no
$1.—V.
elected
and
//.-Holders of first mortgage gold bonds series E, 5$/, and series F,
4^2%, are being notified that,redemption of all of these bonds out¬
standing will be made on Dec. 11, 1944, at the principal amount and
accrued interest plus premium of 5% and iVz'i'b for the series E and F,
respectively.
Payment will be made at the Chemical Bank & Trust Co.,
successor trustee,
165 Broadway, New York, N. Y.
...-;
' /
Immediate payment together with premium and interest to date of
redemption may be obtained upon presentation of the bonds to the
Z/--;..,/;:/'"'-/-;- ^-/;Z-\, .■//:./.:
Nov.-
on
stock,
Clarence
been
.
Appointed—/
:
taxes. Z.tAfter
—Changes Announced in Top Management—
41.$67
51.489
128,253
15,
A.
-:.;Z/';- ;/-,//ZZ
$2.08
Reliance Electric & ^Engineering Co., Cleveland,
and
/;
id4i
:
12 to holders of record
27.
Distributions of 37 Vx cents each were made on. March ,15,
12 and Sept,
12, this year,
In 1943, the following dividends
paid: March 15, June 15 and Sept. 15, 37% cents each; and
"Dec.-
Pittsburgh Coke & Iron Co.—Bonds Called—
See Pittsburgh Coke & Chemical Co. above.-—V. 160, p. 1530.
:
directors
capital
Nov.
outstanding
Potomac Edison
/./
Federal
and
To Pay Dividend of $1 per Share—
The
' / z;^/■'/;.z.:/:'■
/
cap.
.
/
,
of
$1,745,894
§$l,307,628 -t$l,279,239 t$ 1,268,924
- - v
i
1
-_r^^._„.
slir,
per
'
the selling
and
closed
160, p;'2078. " *
Co., New York,
Net jprefit
-• •.
(Including Domestic Subsidiaries) < / / /;) .
Sept. 30— : Z,' 1944 Z'■'' 1943 ' '■'/ 1942 /
providing $5,12T;000 "for
estimated-Federal-income-and excess profits- taxes." /1After providing
$5,005,000 (net of a. post-war refund of $483,000) for Federal income
arid' excess profits: taxes/and $575,000 for post-war adjustments, renegotiation and other coritingencies. • §After providing .$5,504,000 (met
of a postwar refund of $530,000) for-Federal- income and excess profits
taxes and $730,600 for postwar adjustments and other contingencies...
"
income_v-+^——1-—
on
:
Interest was down $4,848 to-$41;93G.'
surplus of $7,062, as compared with $226,ago.—V. 160; p.1670.
/
Z,,/
quarter.
net charge tq
^Aften charges
*
•
Z
•
the
for
stock.
first mortgage 4%rk bonds, series A, due
March 1, 1952, have been called for redemption on Jan. 12, 1945,: at
103 and interest.
Payment will be made at the Chemical Bank &
Trust Co., paying agent for the bonds, 165 Broadway, New York; N.- Y.
Holders may present aforementioned bonds at any time before date
set
for redemption
and receive the full redemption price, plus ac¬
crued interest to Jan. 12, 1945.—V. 160, p. 2078.
All
ZZ 1,095
depfebiatibnJ7i/^_'_M:;Xi_:c./___>_.
for
was
year
depreciation was-up $71,634, including a
new motor coaches placed in service
for
provision
a
9 Mos. End.
51
'Earns,
•
-
zCalls 41/2% Bonds—
582,841
.Crl,589
Charged'to/construction)—
General
Maintenance
allocation
"
>
:
•
current
the
the same period a year
in
:'/•>«
•
bonds' at .-99-% and • aocrued
mortgage
that
announce
Chemical
Trustee
'Z 624,387
—_r__—
expenses
rates, heavy over¬
and plant,. •
Raybestos-Manhattan, Inc.—Earnings
cents, per share
of 20
has been appointed
paying .agent, siirking .fund, agent and co-registrar for $3,400,000 first :
mortgage bonds 3^2series, due Nov. 1, 1964.
• - - v
r
'
Effective Oct. 19,
1944 the corporate hame of Pittsburgh Coke &
Iron Co. has been changed to Pittsburgh Coke & Chemical Co.
The
company, announced
that this change in name more accurately -re¬
flects
the growth
of this company in the production of industrial
chemicals.- All of .the company's-products will continue to be prtiduced and sold
as
heretofore.—V. 160, p. 2078.
.
.
The
370,183
; ; 371,941
Operation
•';/
■
second
There Was
•
Dividend—
declared a: dividend
13
L, 676,660
$1,798 851
Operating. revenues'
gas purchased from, affil. company-'--.
Natural
the
during
po;/and, associated., pnderWrlters,,/Who' Nov?. ,9
&
group-terminated.
1943
1944
•"
wage
of
months
first-six
the
for
■■■;
quarter's
419
/Peoples Water & Gas Co.—Statement of Income-Z*''
for
Notes—Thefull
upon
$3,400,000, "first
bank:
Year Ended Sept. 30—
loss
$87,628./
surrendered
are
is required to pay such
tNet
/
Xn ,1943
year.
interest,
2,454,740
47,437
' 5,075,704
-
1945,
directors
offered
AALlZ
2,454,740
'
'49,400
' 5,610,534
•-u—-—
1,
Hemphill,' Noyes
386,936
-'
bonds
$746,402 reflects increased
';
;
1943
$3,310,991
2,625,635
73,645
penalties due to shortage of manpower, and large increases in ex¬
penditures for maintenance of both equipment
25,000
53,275
364,342
.'
—
surplus
Total
1,219,949
50,000
educational loans.-
reserve
par)_'i„——
surplus
-
Earned
—
--------
reserves
Stock
Common
Capital
State
97,715
525,350
123,109
1,340,785
-
profits tax payable
—
income
for
Miscellaneous
104,933
——
excess
——
and
Res.
Emplpyee
———
due and accrued
wages
licenses
Accrued
$1,460,026
\
84,403
dividend
stock
Common
—V.
2,876,538
■.
trade___^---—$1,440,360
miscell.—_
128,463
payable,
Accounts
Salary
169,310
•
v'1;
Liabilities/-
•
.416,030
$12,514,836 ■ $11,622,833
Total
■
K
the
company
time
with
expenses
increase of
*
:
1944
$4,105,294
*3,372,237
171,821
earnings after all charges„._rw_»-—w^r—.
v^The
air coupon
surrendered
Pittsburgh Coke & Chemical Co.—Bonds Sold—
-64,111
1,200,000
171,218
2,705,695
'
be
shall
the! -common: -stock, >pfl£ $3, payable - Dec.,; 12 to. holders of'record
A like amount was paid on..March 13. June 12 and Sept, 12,..
oh
$1,869,539
518,204
T.
.inet)-!——.
from
The
indenture
the
of
trustee
the. following payments were made:., March->121
15 cents; June 12. Sept. 13'and-Dec. 13/2d cents each, and Dec. -27;
a year-end of 25 cents.—V,
i60. p.,"1741.,
'
"
:
Z
-•. /
.
-Goodwill
detached
Jan.
this
.
-
tNet
1943
Merchandise
loans, notes, investments, et^.——
Total deferred charges-_i--:^--*_'——,f
Operating
face
,
Inventory
Total
their
Now-28.
1944
accounts
Net
the
trustee.
The
-
« $2,486,064
receivablei-i-_-___-------;--T_-.i ■
-37,806
series C tax savings note$LV—t-- ?4,642j528
cash*
Total
-V' :•"/
•
Consolidated Balance Sheet, Sept. 30,
»;? ■-/A
•j-'v . 1944
Comparative
by
Fhilco Corp.—To Pay 20-Cent
5662,737
490,943
$1.30
amortization -of $2331985..-' IRevised. " tQn
1
Z;•'/
;Zv-Z; -■■■;
for
income
exceed
to
not
Z
System)
earnings
t798,374
930,728
—-7-^
$669,553
Dividends490,948
-$Earhing$*per common sharei-i--r_--^--7ii-- '
$1.36
-Net
prices
presentation thereof, -arid is also required to
pay fixed interest and income interest, if any, due Jan, 1, 1945, on
the registered bonds without -coupons accepted for purchase by -the
trustee.—V. 160, p. 2078.
^.
/•■ •,
- ■ //, //■
JJU,u/u
,...
;
be
the
ing
342,922
■
—
provisions
purchase
to
87,115
(less
taxes
profits
excess
at
$98,850,
bonds accepted
all unmatured
coupons attached thereto, with the exception of fixed interest coupons
and income interest
coupons, if any, maturing Jan;. 1,
1945, which.
for
_____
credit!
post-war
.
.
income
Federal
Estimated
income^.-
of
sum
Key
Quarter Ended Sept. 30—
Gross
•
.$1,878,295
$2,027,765
84,562
"taxes-LAl/AA^
before
profit
Estimated
to
charges
Miscellaneous,
■Net
■l-i-
income
Total
the
Upder-the
income.
(Including
St.,
amount.
$1,691,515
186,781
$1,848,629
179,136
Broad
So.
series A, due Jan,, 1, 2039, to an amount sufficient
bonds,
exhaust
to
135
trustee,
Co.,
Pa.,
1944,
15,
3ft,-6%
expenses—'
Operating
Other .;
Dec.
Trust
will until 12 o'clock- noon, E.W.T.; on or. before
receive bids lor the sale to it of consolidated mortgage
Philadelphia,
:376,390
375,722
Fidelity-Philadelphia
The
$25,476,590 $25,459,779
23,627,96!
23,768,264
income.,,-,--,—
stores
Railway Equipment & Realty Co., Ltd.—Earnings-^-
Philadelphia Transportation Co.—Tenders Sought—
..
•
income—
stores
Total
Sept. 30-rt
Earnings—
1944
'
1943
$25,100,868 $25,083,389
Subs.)
Peoples Drug Stores, Inc. (&
9 Months Ended
Monday, November 20, 1944
FINANCIAL CHRONICLE
fHE COMMERCIAL &
2188
hand
assets
in
banks
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4335
Volume 160
Corp.—-Earn..
Rochester & Lake Ontario Water Service
•
Vears'EndedSept.-30—r
.
- ~
-
'•
•
-1943
v
-
The
444,641
,
«
j
'
Net:
$207,234
$213,799
earnings
-.147-
r
,
Other income
--
169
-
...
^
i?J;
$213,946
:
Total'
:
Income, deductions
..
.
.
...
now-due
Net
•"
effect
83,029
,
•-
> v
v
.
•Net' profit
Earnings
depreciation
$175,129
$0.92
$132,652
$0.70
share.,—_
per
!>After
•'.*
r'1
$258,622
$1.36
■
.
•
„
$301,0.43
•
$1.58
2006.
p.
statements- the coinpany has included an
refund; of excess,.profits, taxes in
prior
stock
-
•
the ICC,in
of
:
Ry.—Objections to ICC Plan-
the
to
company
plan
reported
reorganization
of
by
1944,' have been filed in Federal Court at St. Louis
July,
i
objections
.
;
,,
Sales
44 Weeks Ended
__^_4 Weeks Ended-,
Period—
;•
-
______
Nov;4, '44
-
Nov. 6, '43
Nov. 4, '44
■
.
at
Nov.
operation
in
1943.—V.
6,
at
Nov.
4,
totaled 2,457,
1944,
Net
160, p. 2080.
1232.-,-
■
.
v;"\y,
.
-"
-.V:%
1944.
Operating revenues
'■ $927,430 J
Operating revenue .deductions_„^^ ;
. 717,885
;
■
1%
:
.
Net operating
,
.
.
Union Trust Co.,
Bank &
and lull
present their shares at the Wells Fargo
Los Angeles, Calif., and receive $110 per share
dividend
Jan,
15,
1945,
Feb.
to
540
$165,900
"$169,661
Stores, Inc.—Sales—
Rose's 5, 10 & 25-Cent
$1,095,930
$1,096,442
—V.
P-' 1742.
160.
;
.
•;
T.';
:V.;
....
—V.
'y
Xy-y
y
I-',.-.-
-
185,429
$0,47
Net
share——
_
148,638
S0.38
,
399,204
$1.00
543,760
$1.37 ;
y
: -v
third
in
first
Earnings
tBased
months of
1944
'
,
..
,
.
Not
'i
•
r
-
-
increased
demand
as
a
>
*
certain
in
growth and
normal
result both of
population."—V. 160, p. 1023.
country,
quarters
'■
-
of
,/■
=
sections
r--.
of
State inc.
&
Federal
&
per
paid
:
•"»
Balance-
Other' income
v
income tax
Prov.
for
other
Net
normal inc. & surtax_;_____
3,550,000.
ix>st-war; adjusts,
;
of inventories
120,696
amortization________d_i._U—-543*517
Earnings per common ■share_v-%-__-,—_;_y-_y
"Less debt retirement credit and post-war
y;
.
V
renegotiation
1942', 1943 and 1944: -
1——
;i943
of if)44
credit deducted.
Common,
'
•)*'•
f
r
_.tBased on 667,942
y
'
;
Balance
$7,469,506
Sheet,
Sept. 30,
V
1944
'
Assets—-Cash, $3,437,729; U. S. Certificates of indebtedness (at cost),
$640,000; accounts receivable (less reserve for doubtful accounts of
$137,556), $1,902,778; inventories (less reserve of $89,796), $3,498,045;
prepaid expenses and deferred charges, $87,182; post-war refund of
excess
profits taxes, $1,090,000; investments in wholly-owned sub¬
sidiaries -not- consolidated(less reserve
of $31,557),. $18,443;
emer¬
facilities—constructed or acquired under terms of con¬
tract providing for reimbursement to the company by the U. S. in 60
eqpal monthly payments from January, 1942, less payments of $384,209 to Sept. 30, 1944 (see contra), $314,353; fixed assets (less reserves
for depreciation
and amortization of $3,323,975), $5,056,726;' patents
(nominal value),. $2; total, $16,045,258.
•
gency
plant
Liabilities—Accounts
cates
of
thereon
indebtedness,
of
$6,943,640),
pkyable,
and
$932,800;
Treasury
tax
notes
and
accrued
interest
deben¬
tures, $1,000,000; note payable to bank 12Va'■/>) in connection with
emergency plant, facilities contract,
secured by assignment of reim-$1,422,759;
15-year 3(4%
sinking fund
bursing
for
payments from Government (see contra), $314,353; reserve
post-war adjustments ,of inventories and other assets, $640;000;■
preferred
common
changed
stock
stock
(issued
(par
since Dec.
36,512
value
31,
$1
a
shares
without
share),
1943),, $657,772;
par
$926,547;
earned
value),
$1,825,600;
capital surplus
(un¬
Jan.-lr
surplus since
1936, $7,469,507;
cumulated
in
less common stock, representing fractional shares ac¬
retiring stock of predecessor company, held in treasury,
at.cost (10' shares), £»r$48; .total, $16,045,258 —V. 160, p. 871.
-
y
5,666,472
546,059
6,135.113
5,133,029
982,369
1,027,121
10,457,527
10,816,210
taxes'-
_______
-9,470,763
j
10,161,735
81,804.020
81,600,174
10,943
Equip,
34,440
1,870,152
132,439
income-
3,758,998
5,777,063
063,794
1,131,731
4,622,792
120,161
6,908,794
76,369
2,243,506
(net>__
rents
rents
a"
•4,738,244
127,757
••
93,307
13,500
2,270,604
(net)_
Miscel.' -taxes
.
-:
Net
-
Dec. 1, -1944.
oper.
ry.
Other income
interest, payments
income
_______
deductions
____
charges
Contingent charges
17,022,225
17,008,459
852,554
-
1,118,968
affil.
'
.
bonds'
interest
The
162,903
.,530,110
2.102,158
179,922
194,426
1,619,298
1,754,265
5,310,557
32,738,474
'60,309,307
29,017,018-52,203,179
solely contr.
___
2,767,116
-
-
6,351,863
S. P. RR. of *Mexico.
tRepresenting interest on certain
solely-controlled affiliated companies not credited to income
160, p. 2007. .
; v
of
bonds
by, S. P. Co.—V.
Southern. Itailway-r-Earnings—
Period—
1944
Dec. 1, -1944. y,
and bond purchases are further steps in
on
payments
which
deposits,
interest
The
the
which
are
currently
traded
;Results for
Sales,
Profits
income
Months
9
Ended
the Exchange.—-
on
Sept.' 3ft,
taxes
1944
shrs.
directors
per
share
and
share
on
the $1
par
Dec/ .1,
record
June
on
(see V.
159,
p.
10^ declared
Nov,
on
cents
issue
'
••
m
.
'
i
Operating
' .F
.jfc
'
___
'
inc. & exc. profs.
$Fed.
f
34,806,977 147,412,132 133,788,597
22,956,190- 22,254,617 91,305,428 84,686,180
•
taxes
•
,,
Net oper.., income—T_,
Other, income ;(net)__;^.
5,034,532
25,889*459
2,678,846 )10,910,984
.19,419,645
10,547,233
4,838,982. 19,306,261
Dr218,374
Dr369,424
7,369,643
2,847,356
.
taxes
19,135,533
Dr681,682
,
4,869,788
Brl29,936
Total income
.
deductions
.
4,739,852
707,848
..
.
:
•
4,620,603
722,990
.
18.936J837 ,.i 18,453,851
2,841,009
3,161,146
the
regular
stock,
common
payable
both
11
Dec.
holders
to
company
p.
has
-i
4,117,500
16,095,828. 15,292,70 >
16,470,000 M6,245,000
.
V; 160, p. 1744.
profits tax credit -of 10%
18
approving the
on
proceeds
shares of common stock out¬
1,726,926
1023.
revenues
-
Opeix' expsi, maintv; &'
depreciation--1,338,674
Fed.
than Fed;
other
/
240,610 «•'
270,700
3 Mos. End. Sept. 30—
"Net
profit
*
After
all
467.shares
Net
per
1944
$5
and
par
profit for'the
outstanding
$0.02
.
,„$67.988
.
i
$0.06
depreciation but before depletion.
value
common
vear ended
outstanding.
Sept. 20. 1944,
share.—V.' 160,
p.
1023.
-
1941
1942
$18,033
$0.09
shai-e___
taxes
of
1943
$112,959
—
per,
was
.
$121,738
t
tOn
■'
$0.10
1,220,•
926,390
$2,210,550
$2,213,740
...
31,120
4,101
2,413
$2,208,628
48,354
$624,324
(net).
income
$677,448
52,256,982
3,190
200,586
divhiends
206,804
802,579
801,215
$423,338
income
Preferred
898,502
957,205
$675,034
$520,223
Ip.t, & -other. deducts.__
Net
.
856,600
Silver King Coalition Mines Co.—Earnings—
Gross
4,988,98)..
•«.
913,276
1,470,300
income____
Other income
''
4,980,757,
.,556,600;,/' 387)300
profits tax_
Charges in lieu of inc.
& excess profits taxes
oper.
.
;
231,100
taxes__
excess
Net
•'
"1,396,192-
•'.«
256,661
/
■
—
income
,
1944—3-M0S/-+-1943
1944—12 Mos.—1943
$3,003,257 • $2,959,836 $10,429,561 $10;012,743
Period End. Septi 30—
Operating
taxes
creation of 'an
Electric Co.—Earnings—
Southwestern Gas &?.
■
qf. 35
,
160,
4*117,500
■^After deduction of excess
.
present the
r
a,
ceqts each were made ,on this
30 and Sept. 15,' this yeak, the first on: these shares
2456).—V: 160, p. 1300. >'
.' J.
' '■
,
Payments
Dividends
Cents—'
3,897,618
4,032,004
income
Net
-$1.06
100,000 shares of cumulative preferred stock, the
would be used to finance post-war expansion.
tEarnings
-
38,042,982
expenses
Interest
which
standing.—V.
.
revenues
year-end,' extra - dividend of : 10
quarterly dividend of 15 cents-per
Stockholders, will-vote Dec.
of
.
1944—12 Mos.—1943
1944—3 Mos.—1943
30—
k.
Federal
issue
1
>V'
Other
Servel, Inc'.—Plans Issue of Preferred Stock—
from
6,140,862 294,073,541 280,197,059
■-
2115.:,;;;.
Operating
Taxes,
The
'
-
outstdg.
.Declares Year-End Extra Dividend of 10
The
Q v.'
■
common, share.(400,000
per
1943
^ -y
■
earnings6,588,393
160. -p..
and;
r
Earnings
>«
Period End. Sept.
•
'.'.,$4,453,492
contingencies___________F. 1,633,017
after, income- taxes "and contingencies__^.___L,_H__4_^.
425,017
before
Profits
■'
-
'Southwestern Bell Telephone Co.—Earnings— F.
IF •'ih-.-.v
,;:
,-vvr
(R. B.) Semlcr, Inc.—Earnings—
.
;
.
■''--■V;:.--;''■::
•
■'j-'-m1
Gross
—V.
pay¬
2080.
p.
.r;;
are
the purchase'price, for the
and
^
represents the amount of cash allocable to said
plan.
—Jan. 1 to Nov; 7—
1944
1943
^ ■.;> /• '
'
Week Ended Nov. 7
,
•
.
•
At
2,897
4,586,021
^Excluding
* .;
'
. ...
.'V;
f- Vy
; "
Y6rk Stock Exchange admitted to trading on Nov. 13 the
of ; deposit of the reorganization committee for all of the
New
160.
t
25,761
1,310
2.424,290
cos.
.
Central' bonds under-the plan,
under
certificates
of
48,273,941-73,229,752
540,591
20,460,221
567,146
.18,677,987
11,790
-•
___•
Consol, net income;_'_
is
Seaboard- bond issues
V.
40,291,707
66,584,435
7,982,234'
6,645,317
system
of
income
*Net inc. of
Y;V' y• 1
the .Seaboard reorganization committee,- the courti
1943.
l.
2,077,030
__—
Net
represent part of the cash allocable to the Carolina Central and
bends
v.
accrued taxes (other than
Federal income and excess profits taxes), pay roll, etc., $855,968; re¬
serve
for Federal income and excess profits taxes (less U. S. certifi¬
-
Federal
shares
common
162,322,925
501,004
682,894
State, county & city tax.
petition, of
the receivers;to purchase all- first; mortgage bonds .of
Northern RRywhich, may be-offered to the receivers-within
period as may, be fixed by them/ at $1,093.83 per $1,000 bond.
Florida
68,467
y
.
3,159,575
187,127,276
20,029,082
630,381
*-
taxes.
directed
ments
416,958
Balance, Sept., 30, 1944—..—,
Jan.
on
Tampa Northern bonds
-
.;r\
'
17,841,392
from ry. op._
retiremt.'
Fed.
fConsol. adjustment
These
1,394,964'
$7,954,931;
preferred stock.
dividends paid.—
Dividends paid on
$
'
34,537,631
Net rev.
$9,355,751
3,030,875
carrying, out the plan of-reorganization - under
being solicited by the reorganization- committee.
$6,559,967
—
for first. 9 months of 1944__;_y_____________4
1
expenses..:.
Unemploy. insur; taxes-
1.35
$10,567,876
three
Tampa "Northern
"
Surplus Account for First 9 Months
Earned
1 *
Net income
S>
oper.
equal to "the principal amount of such, bonds
and unpaid accrued interest thereon to Dec. 1. 1944.
The reorganiza¬
tion
committee
expects
that -the
receivers
will offer, to
purchase
years
.y.;
*
Balance,,Dec. .31,
1.35
y
Said purchase- price
.kY; '*
;
result
.
1944—9 Mos.—1943
$
49,164,669 479,057.107 443,092,290
29,135,587 310,734,182 255,965,014
Total
also
$1.94
has been made for any liability which may
of the company's sales contracts for the
Note—No provision
fr6m
Earnings of Transportation Syst.
1944—Month—1943
52,379,023
Tampa,
115,995"
; $1.43
%
refund.>
$2,918,164
1,914,488
revenues_i
Fixed
511,-265-
y
$2,741,706
1,820,877
oper,
$1.49
$1.45
i;
Upon
5,107,000
41,000
.dcpreciation_;_____i;l;_lly130,868
for
Provisions
$320,662
211,096
■
v $998,619
$973,226
share_;_y._____:___._-u.
common share_____;;
per
post-war
matured
-$1,394,964; .,$1,864,271
Provisions for
14.766,069
4.268,582
Ry.
192,119
Miscell.
such
income
.16.073,240
3,847,563
1744.
$1,190,738
-
years' interest" for the period July 1, 1939, to Jan. l. 1943
(exclusive of the first .six months of. 1942. fpr which interest has
already been paid),.at the rate of 5% per annum and interest for
the year .1943 at the rate of 6%' per annum on the first consolidated
mortgage 5'% bonds of Florida Central & Peninsula RR.; which bonds
'Y-%—150,000
..
430,101
1,748,919
$293,708
200,304!
income.
and
and
;
assets;.
$2,499,682 $22,662,509 $21,952,815
$2,558,001
1,882,520
381,773
$
The reorganization
261,000
29,000
•
reserves—
rev.
received en deposited
bonds, to holders of its certiiicates of deposit on Dec. 4. 1944.
The receivers have been directed ,to.pay four years' interest for the
period July 1, 1939, to Jan. 1, 1944 (exclusive of the first six months
of 1942; for which interest'has already, been paid), at 4%'per annum
on. the first consolidated mortgage 4%
bonds of Carolina Central RR.
$7,5431967
-■
261,000
$2,503,682 $22,750,509 $21,977,815
4,000
88,000
25,000
12,000
Southern Pacific Co.
Pursuant to petition ofrthe reorganization committee, the District
Court for the Eastern District of Virginia has directed the receivers
178,321
v* 114,375
profits' tax__'4_»;_—
Stat-e
190,503
shares
common
committee will distribute such
$5,349,333
_______________
for Fed.
'Federal excess
.
■
1944—9 Mos.—1943
1944—Month—1943
$2,570,001
__
307,743
Authorized—To Call One Bond Issue—
sues
^y."
etc._;_«__-_—_2___
________
expanse,
Provision
" ,183,125
-
Seaboard Air Line Ry.-rlnterest Payments on Two Is¬
been
the
$7,365,646
$5,166,214
$1,395
$4,388
'
income
Joint facil.
..
—_________
*75,471
119,130
■
taxes
Net. opcr.
.
Net
901,513
•_
liabilities,
*10%
896,364
962,499
general & administrative expensesy__
92,566
83,711
120,764
'
$2,399,994
903,364
393,025
(without par value).—V. 160, p. 770.
1944
1943
9 Mouths Ended Sept. 30—
i - v
sales, less disctst, returns & allowances. $21,754,938 $25,081,379
15,626,22516,819,369
of goods «old__^—X.W!——
Total
$2,460,124
common
assets
Current
Cost
Interest
71,162
$'1,163,735
earnings for
Current
Gross
Selling),
$2,328,832
tax
to make various interest payments on
.
1943
$288,562
1744.
revenues
Operating
3,708,492
stk. taxes—
cap.
profits
excess
preferred shares;
on
Dividends
the shifting of
■;>y-'y--'
Rustless Iron & Steel Corp.—Financial Report—
1944
$304,572
95,709
—
p.
Operating revenues—
Operating expenses ___
.
living
for
-
.
'
Net
building products for necessary
buildings, and for essential farm
;
',
/
"Another factor contributing to the company's sales volume has
the
taxes__l.-___-'_lv_-l--—
before
tEarnings
the manpower shortage.
"The
continued
high level of sales."
Mr. Abraham - stated,
"is
accounted for largely by the face that, although Government, orders fcr
war construction are now greatly reduced, there is a. mounting demand,
for
the company's regular line of
repairs and maintenance of existing
.
Ry.
being
construction.
3,435,469
earnings '
Dividends
-
.
Commenting on the company's sales situation, Herbert Abraham,
Prfsident, said that the current backlog pf unfilled orders, is greater
than is usual at this eason.-the principal reason for retarded ship¬
ments
:.
Uncollectible opcr.
expenses,
105,561
for
.T '
'
,
dividends__
Period End. Sept. 30—
$64,900 in 1943), and $90,000 in
(against $160,000 in same period in 1943.
shares.
397.806
on
administrative and gen.
for. Fed.
'
*
Operating
1944. (against
quarter .of
nine
—
%
$2,354,563
^Provision
"
-
Period End. Sept. 30-
income
Prov.
2007'.
160, p.
depreciation &
—V. 160. p.
.
1944,
maintenance„______-_____^_-__
and
Surplus
.
Sept. 30, '44 Oct. 2, '43
$23,594,919 $23,327,847
:—17,804,887 17,290,523
Balance.
Other
payable, to registered holders, of
A similar distribution was made at the
and.is
$103,031
including freight paid oh goods sold___
'Including post-war refunds of Federal excess profits taxes of
$25,000 in third quarter of 1944 and $74,600 in first nine months of
1944. and $11,700 in third quarter of 1943 and $34,900 in first nine
months of 1943.~
Also after $30,000 reserve for war-time contingencies-
of
payment is on, account
Southern New Engrland Telephone Co.—-Earnings—
sold
goods
Distribution,
1944—9 Mos.—1943 $7,554,601 $21,506,555 $20,026,802
$7,379,605
profit*
tE(trns. per
Cost Of
1944-3 Mos.—1943
Net sales
14,453
$99,773
770.
160, p.
9 Months Ended—
r'■•L.'.y;
(& Subs.)—Earnings—
Period End; Sept. 30—
14,328
$141,013
Net sales
Ruberoid Co.
51,799;.,,
14,265
___________
amount equal to
1954 in an
1,
This
52,177
54,755
______
Scott Paper Co. (& Subs.)—Earnings—
$8,108,860
$9,061,289
arrears
hdldeb of 'gfinefal lien
to the,
1944
June
earnings-
Interest,
1944—10 Mos.—1943
1944—Month—1943
Period End. Oct, 31—
in
interest
Operating
—V.. 160,
income
1,
due
Taxes'-
Other deductions
Net
Sales
deductions
Interest
bonds
Mont h of October—
Gross
$169,121
1.—V. 160, p. 571.
after
Dec.
on
income
Southern Canada Power Co., Ltd.—Earnings-
434,747
$210,133
"
income
Gross
belaid
trust
■
735
y
'<*$36,622
■
160, p.. 670.
time last year.—V.
same
1942
$165,165
V.
197,845
"
$3,739
the principal amount thereof.
of
cumulative
$603,868
588
$209,545
revenues
Non-operating income iii
The-corporation on Nov; 9 announced that its outstanding preferred
has been called for redemption on Feb. 1/ 1945.' Holders may,
stock
197,132
y.
the bonds as of Nov. 24,
1943
$740,135
574,970
$161,223
$200,871
Interest will
;
collateral
Co.—Earnings—'
Savannah Gas
Years Ended Sept. 30—'
S
$502,140
340,917
(
Southeastern Gas & Water Co., Inc.—-Interest Payment
:a
He
member of the hoard of-the Doehier Die Casting Co.—V. 160,
also,'a
is
p.
1943
1944
$545,625
344,754
Net income
director,"
a
con¬
Inc.—Earnings—
taxes"_l-_J^™__-----w-
and
deductions
6Loss.—V.
Salt Dome Oil Corp.—New Director-^
capital
of
'
;
;.-
Harold A. Nehrbas of Parrish & Co. has been elected
.
holders
earnings
Income
Nov. 6, '43
against 2,479
as
sale of
holders
the
of
trustees- duly
voting
from
$50,228,412 $46,005,986 $551,621,940 $496,291,232
—_
"
Stores
4.80%
:
Operating expenses
Safeway Stores, Inc.—Sales Pass Half-Billion Mark—
•
from
proposed
received
only
the
assents
the
were
V-
Years Ended Sept. 30—
...
Inc.—To Redeem Preferred Stock—•%
Written
same.
Operating revenues■
postwar
Roos Bros.,
the
dissents to
$3.2.900
for
representing
accordingly
and
outstanding,
that
10
stock
certificates
South Bay Consolidated Water Co.,
against ,prc-
similar to those filed" by the rpad
160,. p.. 2080.
are
plans of reorganization,—V.
vious
Nov.
on
capital
Calif.—
Share to Stockholders
per
participating
certificates representing 50% or more in amount of the issued capital
stock were necessary to prevent consummation of the sale. ;
The proceeds of the sale ($12,900) have been deposited by the voting
trustees with Title Insurance & Trust Co., 433 South Spring St., Los
Angeles, Calif.,
the depositary
and agent, for; distributionto the
holders
of participating
certificates, which sum will permit a dis¬
tribution equal to $2 per share.
Certificates must be forwarded to
the depositary in order, to receive this payment.-,'.
The voting trust agreement dated Aug. 1, 1936, under which
H.
Cotton, H. H. Jarrett and John.H. Ramboz have been acting as trus¬
tee, was terminated as of Nov. 8, 1944,
See also V. 160, p. 1531.
estimated
earnings.
However, in view of the fact that the'amount of this refund must
be first paid to the Government as taxes and refund will not be; made
to the company, by the Government, until certain specified dates after
the present, emergency qeases, the company believes it more-conserva¬
tive not to include post-war refund of excess profits taxes in current
earnings. ' An amount estimated to be $71,000 post-war refund of
exceSs profits taxes has'therefore not been included in earnings for" the
six months ended Sept. 30, 1944-, but has been set aside in a special-re¬
serve.
The earnings for the period-ended- Sept, 30,-1943, -included esti- •
milted $49,000-'postwar, refttndt'* r".; > •?;: v •
,/
The interim figures for 1944 have been prepared on the basis of the
company's-regular accounting procedure with the above exception, and
are subject to any necessary year-end and war emergency adjustments,
taking of actual inventories, annual audit and possible additional- taxes.
The above figures are net after including a < provision :of $1,147,300
for estimated normal and excess profits taxes in-the 1944 six months
total compared with1 $793,660 in the 1943 six months total.—-V;1 160,
p. 1331.; -. pvV. •% -;
-J-r ■ i y<;
V■
v'
the
of
;
announced
was
participating
summated
the seaway project .will have a highly beneficial
felt. (Boston "News Bureau.")
-
Grand Building Co., Los Angeles,
Consummated—Paying. $2
company's
of
by.the debtor company.
-'Vjho road objected to the Commission's findings, that stock of the
old company has no value and asked that the plan be referred back
to the ICC.
1
■ ./
'.\
The
V/
\
Note—In
It
the
...
-
all charges including provision for Federal
and
taxes.
amount
:
•'
♦! 1044—1S Mos.—1943
3944—3 Mos.—1943
/
;;
•
the road's traffic volume; it is
on
Objections
'
6.
St. Louis-San Francisco
.
Rome Cable Corp.—Earnings—
Period End. Sept. 30—
by Dec.
$124,375
$149,404
income
160, p. 669.
filed
be
to
Sale
will petition the-Vermont.. District
in.which.to file a plan of reorganization
soon
Prospective developments affecting the road's traffic and .earnings.
including the possibility that Congress will approve the St. Lawrence
seaway project which is parallelled by Rutland's Ogdensburg branch,.
will be cited as reasons for the delay."• Expenditure of some $285,-
160,
—V.
said;
is
OOG.OQd to .construct
$207,403'
64,542
it
company,
Court for an extension of time
South
650
Rutland RR.—To Ask Time Extension—
;
-•
$651,875-
v
',518,182
.and
expenses
1944
$731,981
Operating' -revenues-
Operating
•
•
•
„
$470,643
$1,454,403
$1,412,524
375,000
375,000
93,750
93,750
___'
,
$28,747*'or 2.4 cents
> Balance
-ny. 160, p. 872..,
,
,
-
$329,588
;
$376,893
$1,079,403., $1,037,524
THE COMMERCIAL
2190
Net
Provision
Federal
for
for
Prov.
-
-
taxes
.
3,330,696
.
income
Other
profit
Net
profit
—
Earnings per common share—
*
After
estimate
an
scares)
months of 1944 has been estimated on
Price Adjustment
1943.
' • . >' \ Y
final agreement with the Government covering the
basis
the
refund
the
of
determined by the Navy
as
tAlthough
refund
refund
the
as
year
materially
the nine
by the
directors
Dec.
the
Co., Detroit, Mich., new fire
have elected Paul Wilson a Vice-President of
He assumed his new duties on Nov. 16.
to the Planet from the Phoenix-Connecticut Group
subsidiary,
company.
new
Mr. Wilson
comes
30.
stock, par $25, payable Dec. 15 to holders of record Nov.
of 50 cents eaclr were made on March 10, June 15
cents per share on the
Dec. 26 to holders of record
was paid on Dec. "27,
last year,
extra
like
of
payable
and
Total for the year 1944 will be $2.50 per share, the,
same
as
paid in 1943.
'
The
regular quarterly dividends of $1.25 per share on the 5%
cumulative preferred stock and of $1.06% per share on the 4Va% cu¬
mulative convertible preferred stock were also declared, both payable
Jan. 15 to holders of record Dae. 30.—V.
160, p. 1443.
Distributions
amount
1942.
26.
sales
160,
directors
7%
record
to
'
Nov.
24.
.
Total for 1944 will amount
paid in 1943.-—V. 160, p. 1024.
15, this year.
Operating
expenses
361,601
523,993
160,679
213,115
discount
mal
Fed.
117,637
—„■
inc.
Federal
tax
999,525'
tC>294,376
583,833
572,000
1,088,000
Balance
i'
Net
income
Earns,
*
cruals).
share.
prior
'■
Adjustment
;
,
Profit
Total
for Fed.
"Prov,
——-—a——
—
income tax—2L——
Federal
except
Taxes,
Li,-
w
expenses
$2,110,400
263,151
37,048
.v-Y:-"-.
surplus at beginning of period —
Earned
Dividend
paid
Earned
52,000
84,209
$1,914,430
"
1,920,177
1,584,040
Y—; $3,791,103
Y-Y
1,578,293
$3,498,470
1,578,293
$1,920,177
end of period
at
*No Federal excess
45,792
$2,212,810
a——
surplus
$2,410,599
366,168
'$2,367,342
388,331
"
56,086
$1,870,926
(norm. & surtax)—
tax
income
income
:"Net
profits tax is believed to be payable
by the parent
corporation for the periods involved.
take account of the difference be¬
the amounts at which securities owned are carried in the balance
and quoted market or estimated fair values thereof.
Note—Earnings as reported do no
tween
sheet
Assets—
»
.
—,-Y—Y————.
Cash
Cash
(per
clients
by
advanced
tracts
•
Sept. 30
Sheet,
Balance
Consolidated
*
1944 '
$6,755,817
and
in
unconsolidated-—^-
177,713
4,153,338
other mineral interests—
and other real estate——
and
gas
tOffice
buildings
(Furniture and equipment-
Prepayments
Other
164,145
45,577
45,903
tax_
123,763
267,000
84,836
79,367
debits-—-——
Total
$31,148,872 $28,322,161
—
Liabilities-—
Accounts
payable
Advances
(per
construction
on
_J
Natural
_
■—
liabilities-
loans
■„
Y„
—
1,532,744
3,132,922
70,537
160,733
238,833
62,500
3,847,500
—
.Y
—
Capital stock (2.104,391 shares of no par val.)
Capital surplus
Earned surplus (since Jan. 1, 1938)—
credits
Unadjusted
1,421,773
2,201,505
28,675
__
—
—
purchase contract liability—
gas
Mortgage
—Y,
;
accrued
accrued
$802,933
contracts
——
taxes-
for
Interest
Other
clients
by
contra)'
Reserve
$4,916,502
_
_j.„:
—
4,706~625
172,137
63,470
5,000,000
5,000,000
8,926,605
8,679,054
Total
•"At
tion
_L__
The
directors
the
on
like
Nov.
on
declared
15
amount
cents
on
Nov.
was.
Dec.
on
v.
160,
p.
160.
distribution
ttev
$100
certificates
In
the
that
announced
Bank
Trust
on
dated
all
April
a
dividend of 75 cents per share
receive this
with
Oct.
1,
distribution it will be necessary to
Revenue
York
City.—V.
160,
Insurances
on
•"Y/':'.
2008.'
p.
totaled
stock and $1.43
income pf 81,-
Lines for the third quarter of 1944
Net income of United Air
:
$2;269.672, equivalent to $21.61 per share of preferred
per share of common stock.
This compared wich net
passenger
872,927
■ $0,90
2,682,540
'
period of 1943.
TWA operated
4,266,471
70.111,921
1,831,696
1,062,668
758.783
1944, totaled
compared to $1.99 per share for the like
the 1944 third quarter, an increase
the like 1943 quarter.
However, as
a result of continued improvement
in utilization, scheduling and main¬
tenance, revenue miles increased 50%• over the 1943 period.
An addi¬
tional seven DC-3 airplanes have recently been allocated to the com¬
pany by the Government and they are currently in the process of
conversion from military to commercial type and will be added to the
operating fleet shortly.—V, 160, p. 1902.
Y
of
30%
of
160, p.
said
orders
that
,
Sept. 30—
revenue
expenses
ordinary
and
for the Army Air Transport Command in September
expected to terminate such military operations to Alaska on No¬
15.
He pointed out, however, that the company is continuing
to fly across the Pacific for the ATC, having recently completed its
2,000th Pacific crossing; also, that it is continuing the modification
of bombers at Cheyenne, .Wj'o.. where its bomber modification eehter
recently received the Army-Navy E award..
\
Y,
' ■ :
transport, service
and
vember
•Y
;
1944
. *1943
...—......—
$11,1X0,891 $10,810,928
taxes—8,294,065
8,225,801
L
_
....
;
I, ''v.'.
■
-r-
.
.
Comparative Income Statement
•
Period End. Sept. 30—
•
Oper. exps, and taxes.Net
income
Total
160,
-—j
14,805,316
$8,362,602
$5,512,60(1
$1,942,953
149,676
351,407
477.635
$2,092,629
$8,714,009
$5,990,241
taxes
1,554,500
940,888
3,519,500
2,685,100
$2,269,672
inc.
Net income
-V.
5,664,907 .17,443,990
Federal
for
State
and
$1,151,741
$5,194,509
$3,305,141
1781.
p.
United Public Utilities Corp. (&
$3,2.91,504
$4,688,804
$4,535,116
2,201,006
2,088,319
2,991,547
2,859,661
284,611
259,804
taxes
207,216
196,004
381,165
264,018
348.957
270,307
prof, taxes
105,713
60,813
124,890
133,926
$689,988
$086,565
$927,185
$922,255
Operating revenues
&
Int.
inc.
State
operating
income
income
deducts.__
to
applic,
14,269
11,203
20,397
13,629
$704,257
$697,774
11,483
$947,582
$933;894
(net)i—
income
misc.
&
Bal.
taxes
excess
Gross
1944—12 Mos,—1943
$3,488,534
Operating expenses
State, local and miscel.
"Fed.
Subs.)—Earning^-
1944—9 Mos.—1943
Subsidiaries-
Fed.
1944—9 Mos.—1943
$7,607,860 $25,806,592 $20,317,922
$3,824,172
(net.)
income
Provision
6,291,388
$3,701,730
122,436
earnings
Other
1944—3 Mos.—1943
revenue .Yd—."' $9,993,124
Operating
r
Subs.)—Earnings—
,
position
The 15 four-mile-a-mlnute DC-4's and 35 five-mile-aminute DC-6's ordered by United will cost approximately $25,000,000.
Regarding United Air Lines' contract military activities, Mr, Patter¬
son reported that the company had discontinued its domestic military
Net
|■ i
Douglas
50 new four-engined
company's strong cash
tial purchases."
Other
9 Months Ended
for
"the
Mr/ Patterson
2008.
Transit Co. (&
Twin City Rapid
DC-3
low of 33 with which
1943.
its ability to meet the financial requirements of those substan-:
Federal
shares of prior preferred stock recently called for redemp- v
2, 1945, at 100 and dividends will be redeemed at.
National Bank of the City of New York, 11 Broad St.,
Y—V.
a
assures
Corp.—Stock Called—
Jan.
N.
United's
on
compared with
34 airplanes in
Twentieth Century-Fox Film
as
Commenting
,
as
from August, 1942 to September,
planes,
the, fleet, operated in
over
The 1,867
Y
the nine months ended Sept. 30,
$2.04 per share after taxes, as
Cargolincrs,
,
1,420,553
,$1.46
6,392,715
miles...—110,613,685
miles
Mail • ton
and
the company operated
..
$5,208,674
3,832.105
taxes).,,.—
compared with 5,673,726 a year ago.
the return of planes from the Army. United now has 55
as
With
Mainliners
1943
$7,783,259
5,272,381
1
expenses
(after prov. for Fed.
899.
,
L
1944
Express ton miles..
surrender
2,816,826
income
-
—
Public
2,585,127
....—29,083
25,533
1
Operating income
Non-operating
United
Int.
1
income
Gross
on
of
fund
debt.......
discount
on
Miscellaneous debits
Net
debt
that
....
........
taxes
........
Y—....
$2,845,909
457,523
31,900
10,927
1,573,105
$2,610,660
516,677
36,050
10,765
1,066,494
$772,454
$980,674
income and other adjustments
The total-of the adjusted 1943
published income statement
revised to reflect wage, taxes on
during
monthly
for
income
funded
............
income
*1943
made
and subsequent coupons attached.
"Y'Y
revenues
earnings
the office of The Conti¬
30 Broad St., New
1928.
1932,
for
Company
United Air Lines, Inc.—Earnings—
•vY
Inc.—Earnings—
Earnings, per share .......;
Revenue airplane miles
—2^—..—a.'
Interest
Ycrk, N. Y.. a
$1,000 bond, $1.30 per $500 bond, and 65 cents
first mortgage 6%
participation gold bond
l,
Pacific RR.—Definitive Certificates Ready—
.
12,795
19,001
16,842
United
■
available at
trustee,
L%'.
*
872.
is
there
Co..
of $2.60 per
bond
order to
bonds
Cz
for
for.
trustee of Union Pacific Equipment
that temporary certificates may now be
,
30—
3 Months Ended Sept.
Operating
Operating
Federal
is
,
Y Y
Operating
Stratford Arms Hotel (N. Y. City)—Distribution—
It
owed
collected
••
post-war
1119.
p.
Amort,
nental
$157,(which
$212,381,545.
supplies, or due
Pennsylvania
nounces
Y 534,331
Transcontinental & Western Air,
Chase
15 to holders of record Dec. 1.
A
paid on Dec. 15, 1943 and 1942. compared with
15. 1941; 50 cents cn Dec, 16, 1940, and 25 cents
1939.—V.
15.
Sept. 30, 19| I
include
for
prospects
company's
York,
capital stock, payable Dec.
60
$1.15
Lives and Granting
Trust, series H. anexchanged for definiY tive eertifipafes at the office of the railroad company at 120 Broadway,
The
•
$861,277
,,514,907
177,540
recently and substantial expenditures for
and facilities would be necessary.
New
Pa}' 75-Cent Dividend—
$241,065' -' $580,620
.•> $32,144
figures
above
Operating
To
$852,119
9,159
.
business had been enhanced
additional production equip¬
^ :
'
•
"■
v-V
Mr.
Crawford said the management believed that if satisfactory
terms could be worked out for the purchase of the Thompson Aircraft
Products Co. plant in Cleveland, now owned by the Defense Plant
Corp., its acquisition by the company would be desirable.
In addition, a tooling program requiring the expenditure of several
million dollars ig required to reduce costs, enlarge productive capacity
and handle new products, Mr. Crawford said.
r Y
The release of the stock, it was explained, is being asked so that it
will be available for public sale, although the management may decide
to first offer it to shareholders.
In the event of an offering soon,
Mr. Crawford indicated, it will probably be sold to underwriters.—
the
$31,148,872 $28,322,161
———
——
$203,611
171,467
ment
4,095,039
cost.
(After reserves for depreciation of $2,471,106 at Sept. 30,
and $2,273,503 at Sept. 30. 1943.
(After reserves for deprecia¬
of $297,486 at Sept. 30,
1944, and $285,286 at Sept. 30, 1943.
$5,386,411
$1.20
.
The
1944,
$570,600
10,021
3,045
•
L~
income
tion
4,412,942
$5,604,971
$0,49
items
Union
v
564.576
$233,020
Note—Net earnings for
'
—
6,607,687
$2,301,848
$0.49
•
Net
364,409
6,410,084
148,737
profits
Federal excess
of
unadjusted
.
,-YY_
——
—
refund
Post-war
-
723,763
3,584,663
refund, bonds, at face.
tax
$3,302,775
share..
Y 151.741 for. the corresponding period of 1943.
'
'
% $63,525
$65,713. Y $326,647
A larger number of planes plus record highs in daily airplane utiliza¬
interest at ; the rate of 5% on
tion and revenue load factors contributed to new high operating reve¬
adjustment income bohds. • Effective Oct. 1. 1943, the system increased
nues
in
the period/ totaling
$9,993,124, according to the quarterly
the percentage of transportation revenue of street railway companies . Y statement.';This represented an increase of 31% over operating,reve¬
charged for maintenance of railroad way and structures and buildings
nues for the third quarter of 1943.
Operating expenses and taxes, ex¬
and depreciation reserve from 15%
clusive of income taxes, totaled $6,291,388, an increase of 11%-.
to 20% .
After expenditures for
such maintenance, the amount credited to depreciation reserve for the
W. A. Patterson, President, pointed out that the all-time high reyemonth of September, 1944. was $67,709 in excess of September. 1943,
/ nue load factors of United reflected a continued war-inilated demand
and for the period of three months $140,712 in excess of the corre¬
for air transportation.
sponding period for the previous year.—V. 160, p. 1672.
"Any additional Improvement in utilizatioin and load factors should
not be expected, as maximum figures appear to have been reached," he
Thompson Products, Inc. — Release of Stock Rights V. said. ."Rather, when peak levels of war activities have been passed
and additional flying equipment becomes available, a decline in payload
Asked—
L/L'. •■;Y:Y'.'y'Y L:';:-Y'
'V
percentages is the reasonable expectation," ;
. A special meeting of stockholders has been
called for Nov. 28, at
Revenue passenger miles flown by United in the third quarter towhich the company will seek authority to release preemptive rights
taled 130,373,264, as against 101.810,512 for the same period of 1943;
on
60,000 shares of authorized but unissued common stock and to
mail ton-miles,
5,276,378, as compared with 2,699,736; express tonmake it available for sale at the discretion of the management.
miles, 1,113,225, as against 1,076,336. and revenue plane miles, 3,086,F. C. Crawford. President; in a letter accompanying the notice, said
82,742
73,237
"Natural
570,982
6,727,092
75,386.
securities—_
profits
excess
1,317,645
8,055,511
interest
subs,
investment
S.
250,000
incident to investment bank¬
receivable—
Materials and supplies, at cost
-,-LY
Investments
1,600,000
111,406
2,315,960
business
notes
Accounts,
U.
1,532,744
1,400,000
Treasury savings notes, tax series—,—
"■Other U. S. Government securities
Other
$4,770,736
1,421,773
.Y-'-Y
*U. S.
ing
1943
'
construction con¬
on
contra)
"Other securities,
135,699
3,303
deductions
Note—The
1943
1944
int.
earnings
'
$1,416,695.
$200,308
income
income
Gross
Total
ac
Net
subsidiaries—--—___Y $1,798,192
& miscel. income-—240,704
sales of investment securs. (net)-—
328,446
Operating
.
YYYY
\'Y
from
on
of
adjustment
Corporation Only
12 Months Ended Sept. 30—
Income
$1,141,582
•
Operating income
$0.96
$0.94
(chiefly
credit
tNet
year,
Earnings of Parent
Other divs.,
$423,718
190,165
Non-oper.
$2,028,698
$1/972,197
$1,399,516- $1,160,661
$0.66
$0.55
—:
com.
per
■
YY'YL-
$390,473
revenues— "
Taxes
514
\
.......
oil purchases, construction projects,"
employees for salaries and wages; taxes
but not yet due, governmental agencies,
$15,103,076; dividend declared Sept. 25, 1944, $1,166,567; interest pay¬
able, $246,000; provision for income, .property,; and other taxes (in¬
cluding estimated taxes pavable on 1944 earnings to date), $4 099,520;
provisions for possible fire losses, damage; etc., and for contingencies
arising from the war (deferred maintenance, replacement of emergency
materials
used,
etc.),
$3,418,862;
funded debt, $41,700,000; capital
stock and surplus (net worth/the book value, equivalent to $31.43 per
Share),' $146,647,520; total, $212,381.545.—V. 160, p. 1025.
other
New
min.
to
interest
900,000
Annuities,
$2,029,212
$1,972,197
$1,160,661
$1,399,516
.
applic,
__Y
rer'enues
.expenses —
Net oper.
Amount
2.450,000
taxes
charged to future operations), $1,869,141; total,
be
and
• 1944—Month—1943 V- 1944—3 Mos—1943
$1,676,546 $1,573,132
$5,077,079 $4,862,734
'1,286,073
1,149,414
3,935,497
3,446,039
Period End. Sept. 30—
Operating
Operating
836,902
.
9,731,696
1,000.000
900,000
$19,074,206; investments, and advances, to others,' $513,841;
(after deducting $177,144,654 for wear and tear, deteriora-
freight: and
bonds
System—Earnings—
13,255,357
600,000
1,350,000
Railway and Bus Operations
182,455
162,776
136,201
r,
556,525
*12,623
profits tax.
excess
the change
new
Third Avenue Transit
(nor¬
surtax)—•
and
stock instead of 95%.."'
.
Y-' " "Y
Terminal will be able to exchange about
for'stocks of St. Louis Bridgi Co. and of
Railroad Co., both leased by Terminal.—V. 160, p. 1564.
YY'%
of
3,454,808
200,000
liabilities—Amounts
25
the
of
of
result
a
Tunnel
210,669
debt
of
amort,
&.
will
Y;Y - Y.
„
■
■'
tion, depletion of properties, and obsolescence of equipment,
144,797; taxes,, insurance, and other items paid in advance
581,415
159,7,66
—Y.——.
taxes
483,341
Depreciation
Int.
Y.\, Y'\
company's 3%% bonds of 1974 on Oct.
*
Assets—Cash, $12,174,691; marketable securities (chiefly U. S. and
Canadian Government bonds), $4,564,295; amounts due from others,
including $7,524,718 due from U. S. Government (less reserve for
doubtful
receivables), $17,040,574; inventories of crude, and refined
oil (11,467,000 barrels), and warehouse stocks of other materials and
properties
St. Louis—Bond Ex¬
■
■
of the
76.6%
75%
owns
As
$7,860,000
inc.
Fed.
except
Taxes,
pany
$9,925,132 $11,729,643 $14,091,761
6,848,416
8,152,413
9,163,10$
5,916,211
_
:'-Y.
1944—12 Mos.—1943
1944—9 Mos.—1943
$8,523,878
earnings
of
Holders
13,507,306
976,463
:
.
company
supplies,
i'
approved a change in the indenture to enable the company to ex¬
change bonds for stock of two subsidiary companies.
The change in
the indenture makes exchange for the stocks possible when the com¬
(& Subs.)—Earnings—
Stone & Webster, Inc.
Period End. Sept. 30
Gross
change Approved—
.
Balance Sheet,
Y
Div.—
15 declared a dividend of $1.45 per share on
stock, par $100, payable Dec. 15 to holders of
Distributions < of
35
cents - each were
made on
$2.50 per share, the same as
re-
12,970,318
953,395
321,870
believes that the sum provided for income taxes is
adequate to cover those which will become payable on earnings to
Sept. 30. 3944:
No provision for excess profits'taxes was required
in 1943, and it is not anticipated that any provision will be required
in 1944.
(Based on 4,666,270 shares.
"The
Nov.
on
4,238;22to
314,885
■
Net profit
tNet. protit per
first preferred
Terminal Railroad Association of
■
46,662,303
17,914,182
4,635.355
fof war-time con¬
"Prov. for income
20, according to an announcement on Nov.
Oct.
on
March 15. June 15 and Sept,
—
i.
1744.
p.
$79,614,179
57,312,554
oil,
eventual
tingencies
.
The
the
1944—10 Mos.—1943
$4,739,820 $4,194,979
1944—Month—1943
$728,520
$423,484
31—
Period End. Oct.
Net
—V.
$31,903,425 $30,578,063 $91,996,395
——.
crude
paid
for
Prov.
/.
Y
Inc.—October Sales—
of
4.545,080
:
usual
Telephone Bond & Share Co.—$1.45 Preferred
Sept. 15, this year.
Sterchi Bros. Stores,
income
placement ; of
worn
out C¥ obsolete equip.,
>
13,
declared a dividend, out of current net profits, of 30 cents per share
on the capital stock, no par value, payable Dec. 8 to holders of record
Nov. 27.
Distributions of like amount were made on April 14, July 14
and Oct. 10, this year.
In 1943, dividends were paid as follows: July
22, 50 cents and Nov. '5, 70 cents.-—V. 1$0, p. 1335.
dividend of $1 per share on the
Nov. 13 declared a
The directors on
common
$9/ both
par
The directors
(Ohio)—Common Dividend of $1—
Standard Oil Co.
82,282
61,086
20,302,464
Prov.
Taylor-Wharton Iron & Steel Co.—30-Cent Div.—
Assistant Secretary.—-V. 160, p. 2115.
where he served as
of Hartford,
extra dividend of 10 cents per
an
quarterly dividend of 683/4 cents, per share on the 5%%
participating preference stock, par $50, was also declared, payable
Jan. l to holders of record Dec. 15,—V, 160. p. 1902.
Co.—New Subs. V.-P—
the Planet Insurance
of
directors
The
insurance
An
Dec.
on
The
Standard Accident Insurance
15 declared
Nov.
on
stock,
15.
and
1944—9 Mos,—1943
$79,398,160
266,417
216,019
1944—3 Mos.—1943
Sell,, admin. & gen. exp.
share and. the regular quarterly dividend of 10
common
1119.
160, p.
report.—V.
Total
YInterest
The
of 70,000
issued and
are
$31,842,339 $30,495,781 $91,729,978
.......
discounts, etc,...-
Purchases
160. p. 872.
(James) Talcott, Inc.—Extra Distribution—
approval of the directors.
This refund as approved will not
change the net profit figures published by the company for
months ended Sept. 30, 1943, or for the year 1943, as covered
annual
Sales
Cash
etc.
signed, the amount of the
Adjustment Board has the
1943 has not yet been
determined by the Navy Price
the
for
which
provision
expenses,
on' income.—V.
the year
for
Board
1,012,984
V'Y;
$0.34
Y—Y
——
for depreciation of plant,' all selling and general
provision for reserves, for Elate takes and for Federal taxes
"After
negotiation refund for the nine
share
common
$100)
(par
Calif.—Earnings—
Period End. Sept. 30—
——,
—
Earnings per
stock
preferred
Union Oil Co. of
$342,925
—
(including scrip for fractional
shares outstanding
Common
provided for re¬
The reserve
renegotiation.
for
$i;309,006
$2.96
—" $1,239,431
——
$2.80
Net
—
—
4%%
of
outstanding.—V. 160, p. 2116.
,
54,541
—,
—125,000
rehabilitation of plants—
post-war
shares
$288,384
profit—.—.ji—.
"Operating
Preferred Stock—
has authorized the listing
Stock Exchange
York
New
The
Sept. 30, 1944
Ended
Months
Three
for
Results
tl943
.$5,651,057
4,217,051
1944
*$4,570,127
Sept. 30—
income.—
Tubize Rayon Corp.—Listing of
Symington-Gould Corp.—Earnings-
Square D Company—Earnings—
9 Months Ended
Monday, November 20, 1944
FINANCIAL CHRONICLE
&
and
at-close
statements
year.—V.
will
160,
p.
of
year.
equal -the
2116.
1943
-
Util.
divs.
&
subsid.
ice
other
$691,462
Corp
Public
fr.
$916,893
$930,740
former
cos.
and
3,504
income
30,257
51,053
52,697
$694,966
$716,548
$981,793
$969,590
'
Total
Gen.
———
exps.
and
Int.
&
oth. inc.
deducts.
Net-income
"After
post-war credit.
93,727
73,769
141,433
111,560
$601,239
taxes—
'Balance
.
'
$686,291
Utilities Corp.—
$640,779
$840,360
$858,029
285,583
307,056
$315,656
$333,723
412,050
419,972.
$420,387.
.
$445,979
■
Cash
directors
The
Nov.
on
declared
14
a
dividend of $1.50 per share on
Receivables
dividend of $l-i37% perstock, both on account of
accumulations, payable Dec. 15 to holders of record Dec. 1.. Dike
amounts were disbursed on these issues on June 15, last.
In 1943 the
the
dividend
$3
paid
on
Dec.
10,
June.15
and 82.06%
the
on
Dec.
on
$2.75
two
notes-___:
tax
assets
current
--—
__
the
"Earnings
Bar
is contemplated.—V. 160, p.
2116.
United
Earnings
Period End. Sept.
Total
inel.
of
1942.—V,
Subs.)—Earnings—
160,
1235.
p..
:
taxes.
Profit,
2,414,187'
1,018,646
dividends A—
Preferred
Balance
for
"
estimated
Oper.
Net
$13,421,683 $13,037,631 $17,884,196
11,260,559
10,631,849
14,975,048
deducts—
$2,161,124
$2,405,872
$2,909,148
233,080
198,715
343,549
$2,394,204
$2,604,497
$3,252,697
$3,467,624
507.595
493,380
668,044
654,584
The
income
deductions
On
of 4%
$1,886,609
£2,111,117
$2,584,653
1,043,925
1,407,881
$817,020
$1,067,192
$1,176,772
so
$1,430,215
exceed
Bal.
subs, applic. to UGI
The U. G. I. Co.!
divs.
Deferred
stocks of subs,
to U.G.I. Co.
deducted above)
A
applic.
$149,358
$149,325
$165,293
$187,162
967.207
11,155,948
1.407,770
15;502,807
$104
A. A,-AAA-'
Total
$1,933,585 $12,372,465
1,018,646
2,414,187
Expenses, taxes, etc.—
$2,749,835 $17,120,184
1,430,908
3,196,013
$9,958,278
1,912,865
$1,318,927 $13,924,171
2,869,298
Preferred
$914,939
dividends
/
in
that
(par
the
of
issuance
cumulative
4 %%
of
—V.
:__,u
_
160, p.
1782.
shares
_A*—-
$1,218,927 $11,054,873
$8,C45,413
$914,939
comparative purposes.
(Including dividends on pre¬
other prior deductions and minority and former
other than oh common stocks of subsidiaries,
interest and miscellaneous income.
"
'
f
'Restated
ferred
ana
New
*1944
$6,997,170
146,385
152,101
.
,
operation of
Philadelphia Electric Co.. and Delaware Power & Light Co., which, by
reason of The U. G. I. .■.Co/a divestment plan effective June 11,
1943,
and supplemental plan effective Feb. 29, 1944, ceased to be majority
owned
subsidiaries.
Also excluded
are
the results of operation of
Coil?ord Gas Co. and Erie County Electric Co., the investments in
which were disposed of in June. 1943, and August, 1943, respectively.
Dividends actually received on
investments in companies disposed
of are included in the income and combined earnings for all applicable
periods.
Also included in the nine and 12 months' periods ended
Sept, .70. 1944. are dividends of $240,949 ($3.75 per share) and $353,392
($5.50 per share), respectively, on
64,253 shares of The Common-1
wealth & Southern Corp. $6 series preferred stock.
The Securities and
Exchange Commission, in approving those divider ds by The Com¬
monwealth
Southern Corp, on its outstanding $6 series preferred
stock, considered them tin be payments, out of capital.—V. 160, p. 1444.:
combined
Note—The
exclude
earnings
the
results of
Other
the
of
Consolidated
company
provision
ernment
The
ance
$1,235,4lL
rt$0.89
:
main
The
.
been made in this
in respect of 1944
1943.
respect to
sales not yet renegotiated.
(nine months)
1943
1943 (nine months) is in the same.ratio to
that obtained as the result of the renegotiation
in
renegotiabie
sales
sales as
agreed
the
for
upon
1942,
year
■;
.
;
-
.
outstanding—V. 160. p. 1120.
of
916,234
General
852,375
taxes
for Fed.
Prov.
Net
other
and
sales—Retail
Net-
Total
for
$0.49
'Before depreciation, depletion, intangible drilling costs
for-Federal income taxes,
tAfter
intangibles and
+On
all
taxes.
160,
1673
pp.
423,468
V
$991,263
and
1336.
Nov.
8,
Aug. 31
1943
1942
1941
$6,952,364
$5,060,226
5,588,831
4,396,911
"
6,166,854
$887,222
50,359
45,140
$685,215
126,303
■„
income
-
income
_______
deductions
_____
$1,363,533
$663,315
46,736
43,376
$932,361
$1,410,269
$706,691
151,790
199,366
145,508
$780,571
$1,210,902
,
:
income bef. Fed¬
eral
,Prov.
taxes
Net
*__
profits
inc.
$558,912
taxes
Federal
for
:
Excess
§258,670
the
for
$560,183
*148,630
(236,476
455,565
*
.$411,553.
year
$300,242
$358,867
$518,861
surplus.
913,315
850,886
599,637
459,185
_______________
$1,213,557
$1,209,753
$1,113,490
$870,738
263,500
296,438
267,613
271,100
$913,315
$850,886
$599,637
263,500
263,800
209,400
$1.36
$1.97
Previous
earn,
Total
Dividends
UChgs.
paid
earned
to
Earned
Shares
.
surp.
_a___
surplus
367,033
$583,024
stock
com.
out¬
'
standing (no par)___
Earnings
*
*188,900
.1:232,804
taxes___
263,500
$1.14
share
per
Including
;
$1.53.
.
$7,000 in 1940 applicable to prior
years,,
fLess $5,266 excess provision in prior year. .-4After deducting
post-war refund of $31,096.
LAfter deducting $676 excess provision- for
prior year,
!jResulting from disposal of Kansas City property.
'
$4,300
in
and
1943
Balance
Assets—Cash
notes,
ury
$300,000;
trade
able,
hand and demand
on
tax
series,
notes
(less
$23,000;
trade
and
,
U..
194}
deposit's, $1,124,021; U. S, Treas¬
S. certificates of
indebtedness,
receivable and accounts receiv¬
acceptances
doubtful
for
reserve
inventories
$535,482;
Sheet, Aug. ,31,
(at
in
not
notes
of
excess
accounts
and
the
lower
of
of
$96,894),
cost
average
advances, $132,000:
officers' and employees' notes and accounts, $6,252; post-war refund
of excess profits taxes, $28,755; refund due from U. S. Government
on
1941-1942 income-taxes, $180,674; property, plant and equipment
(less
reserve
for
depreciation
and
amortization
of
$2,172,282),
$1,2V2,804; deferred charges, $24,921; patents (less reserve for amortiza¬
tion of $16,762), $6,498; total, 85,017,539, '
'
market),
or
sundry
$1,383,131;
and
investments
Liabilities—Accounts
tions,
State
commissions
$6,582,334 $17,106,259 $18,282,665
$6,837,845
15,030,633
15,724,503
5,442,244
$13,063,693 $12,024,578 $32,830,762 $33,313,298
_____
$993,176
$1,070,961 .1
with
$2,556,894
508,167
395,855
1,199,890
$562,794
$597,321
and
$428,542
months'
decrease
profits
excess
is
in. both
in
;
earnings,
taxes,
and
retail
further
adversely
period ending Sept. 30,
before
resulted
from
for- Federal
narrower margin of
provision
Sept! 30. 1943.
1
recovered
in
-
Provision
(2)
for
a
wholesale divisions.
The comparison
by the fact that in the nine
1943. the
ccjmpany recovered, • through
Federal
three
the
'■
income
months'
of the Govern¬
approximately
period
ending
and excess profits taxes has been
computed by applying to the taxable income for the current periods a
rate estimated to be applicable to the year 1944 (without considera¬
tion of a possible
refund under the "carry-back" provision of the
present Federal excess profits tax law).—V. 160, p. 1673.
;
s
.
creation
$100
par
of
an
value,
.
at
issue
of
common
stock
capital
$19,468;
taxes.
stock
(par
revs,$1,845,990
oner.
exps.____
Railway
1944—9 Mcs •—1943
$2,047,698 $16,911,565 $16,005,403
1,224,861
12,317,998
10,427,605
362,377
1,610,426
2,329,470
1944—Month—1943
oper.
Railway
1,364,939
accruals—
163.771
income
$317,280
$460,460
Dr,.
80.169
41,359
508,321
238,042.
oper.
$237,111
$419,101
$2,474,821
$3,010,291
tax
Railway
oper.
Rents—net
Net
ry..
•
:
Total
$2
983,142
$3,248,333
6,393
6,121
56,078
46,638
$243,509
income
$425,222
$2,530,899
$3,056,920
56,669
747
215,838
9,238
charges
162,801
164,087
1,470,727
1,481,636
income
$24,039
$2.60,388
$844,334
$1,566,055
deducs.
Misc.
Fixed
Net
from
inc.
Court Studies Rail Petition—
Federal
The
35,000 shares would, be
issued.
.
the
railroad,
Gunnar
petition
%
Nordbye at St. Louis. Oct.
for appointment of trustees
H.
31 took under
for the road.
has been operating under a receivership, is
the
1932 Federal Railroad Reorganization Act.
filed Sept. 30.—Y. 160, p. 1565.
which
reorganizing
under
The
was
petition
Will & Baumer Candle Co., Inc*—Three
The
special meeting on Nov. 20 will vote on the
of
75,000 shares of 4%%
preferred stock of
Judge
advisement
'
a
which
income.
income
directors
on
stockholders
$11,418;
taxes,
Railway
(George) Weston, Ltd.--Plans Stock Sale—
The
security
social
Period End. Sept. 30—
■
$662,806
259,650
$1.40
Federal
taxes,
accrued
affected
the sale of tires,, approximately $585,000 of the expense
ment
Tire
Return
Plan
incurred
in
1942,
of which
was
and
tax and excise tax.
provision for Federal
value $10 per share).
$2,635,000; capital surplus, $1,492,464; earned surplus since Aug, 31,
1932, $583,024; total, $5,017,539.—V. 160, p. 2117.
$29,834;
$1,357,004
283,754
profits taxes^_
1943
$171,619;
$26,398;
&
inc.
The
local
and
employees' payroll deduc¬
accrued salaries and wages, $35,880:
miscellaneous
expenses,
$12,433;
accrued
payable.
withholding taxes.
Wisconsin Central Railway—Earnings—
1S44—9 Mos.—1943
Mos.—1943
$712,296
Fed.
profit
gross
and provision
provision for depreciation, depletion,'
185,860 shares outstanding.
1944—3
earnings
income
9 Months
$0.39
conditions.-
6,225,848
Note—(1)
Lost Hills Water Co.)
96,470
$0.52
building
four-story
$7,054,076
$634,856
Other
reconversion purposes.
Quarter
$240,980
a
Ended
5,474,671
Net
,
Supply Co. (Mo.)—Earnings—
earnings
Net
Nine Months Ended Sept. 30.
91,294
war
_____
sales
net
$125,000
Quarter
of
Wholesale'
(& Subs.)— Earnings—
$217,869
$1,"414,731
•
$821,337
because
Western Auto
Cerf Co., Chicago, and half are to be sold to the
Merchandising Co. at $8.75 a share.
The underwriter is to
$1,50 a share on those publicly offered and 25 cents a share
those sold to New York merchandising.
The $410,928 estimated
71,886
stock
Period End. Sept. 30—
.
York
Quarter
$1,291,352
470,015
...
preferred
on
*Deferred
receive
$203,958
28,320
926,74G
deductions
Balance
through Floyd D.
^Operating profit
tNet profit
?Net earnings per share
...
...
income
excess
Total
Years
exps.
income
Preferred—
Third
for
$6,109,527
and
sales
accrued
Net
Net
Second
$2,332,061
917,330
'
,
,
income
Dividends
Corporation has filed with the SEC a registration statement covering
50,000 shares of 80-cent cumulative dividend preferred stock (par $5).
Half of the shares are to be offered to the public at $10 a share
First
and
,
Int.
Prov.
subsidiary,
826,485
$2,303,741
$2,218,098
revenues.
income;
Gross
by Arthur Pcrselay, President.—V. 155, p. 1687.
for
662,000
$2,238,115
20,017
inc. and -excess" profits -taxes-—
operating
Other
Title Guaranty Co. of New
Jersey—Pays All Guaranteed Certificates—
The company in the fiscal year ended on Oct, 30 paid off all its
guaranteed mortgage participating certificates, plus 3% interest, and
now has no guaranty indebtedness, according to a statement on Nov, 6.
wholly owned
164,915
821,793
858,998
92,504
operating. charges.^AA—---a.
Depreciation
United States Mortgage &
Results
land
profit from oper.
Other
1943
-
$14,025,634 $13,478,791
7,813,084
8,225,432
689,775
1,038,974
:
Maintenance,
'"Provision for
-
(Includes
(
.
terminates when
a
loan is made on the policy or if an option on surrender or under
lapse provisidbs is exercised, and in that event any balance in the
fund is paid in cash to the policyowner,Company reports a 26% increase in new paid-for business for the
first ten months of 1944 over the like period last year.—V. 160, p. 1782.
Universal Consolidated Oil Co.
1944
12 Months Ended Sept. 30—
Opera ting revenues
Deposit Fund agreement
proceeds are to be added to working capital for
includes
' company
paid a year-end dividend of 62% cents on
and an interim dividend of 37% cents on May 1, 1944.
Gas Light Co. (& Subs.)- •Earns.—
Washington (D. C.)
the policy.
Universal Camera Corp.—Registers
estate
City.
.
free
Mr. Freeman said that the
■
"
estate
real
1944
Cost
to the Gov¬
this statement for refund
made- in
?On 1,358,758 common shares
on
building.
York
New
The
■
791,611
$1.30
Deposit
are
ficiary under
i
18.000
provision is so computed that the aggregate profit (after allow¬
for this provision but before Federal taxes on income), attributable
settlement
policy, and deposits are limited only to a sum which, when added to
the policy's cash-surrender value, would be sufficient to convert to a
fully-paid contract.
Withdrawals are restricted to the purpose of thd
Fund, and are made automatically by the company whenever pre¬
miums are due but unpaid Within the grace period,
Any balance in
the Fund at the death of the insured is paid in one sum to the bene¬
on
in
has
has been
rehegotiable
•
New
share...
4,572,375
45.000
profit__A___AA^A_——
net
common
(Provision
Nov. 10 announced the establishment of Future
Fund
privileges
for regular. policyowners whose
of loans.
This service accepts deposits of $10 or
more toward future premiums and is designed, according to Mansfield
Freeman,
President,
to
encourage
the average insured person
to
meet his periodic premiums on a pay-day budget basis.
Mr. Freeman
said that the company's Automatic Premium Loan facilities will'con¬
tinue to function to assist policyowners to maintain their policies in
the face of unusual hardship, but the Future Premium Deposit Fund,
he believes, is, more in keeping with the trend of the times in en¬
abling the thrifty to meet emergencies With an adequate reserve.
The- Deposit Fund will earn 2%
interest annually, credited to the
balance on deposit, on the anniversary of the date of issue of the
The
3,749,5lA
.t,Ae$n_n__A_«-:--—:
statement for possible refund
to the Government
(nine months) sales not yet
renegotiated.
On the-basis-which obtained as-the result of the rene¬
gotiation settlement agreed upon for the year 1942, llo provision is
necessary.'
/-.'"A-A %
'."'.A'A- (■'■'A./'
*No
United States Life Insurance Co.—New Service—
policies
State income
Earnings per
*
fiscal year the company acquired some real
City and disposed ■ of its real estate- in Kansas
past
containing approximately 75,000 square feet of floor space at 121 Easr
22nd St..- N, Y. City.
It is under lease to the U. S, Government for
the duration of the war and upon termination of that lease the com¬
pany intends to use it for displays, stockrooms, assembling and light
manufacture, and for New York sales and executive offices,
Total
458,311
480,639 ;
for Fed.
Prov.
deliveries.
uncertain
the
York
4,772
12,336
____AA-_v_.-_^_.y_.iAA-r>-——
and amortization.^—._________
income & excess, profits taxes..
Depreciation
Provision for
to
Premium
interest
increase of
The
l.1
City property/ which has been listed as -''iclie plant" since
August,. 1934. was partially rented in recent years.
The company,
occupied, and will continue to occupy under lease,-the ground floqr
11943
$5,669,286
debt.
funded
on
to
10
over
The Kansas
Other
Sept. 30—
9 Months Ended
years.
:A%y,':'A
,
,
'Interest
and
During
in
Net-, sales
Walworth Co. (& Subs.)—Earnings-
(Dividends.
was
A
$9,723,222 $97,180,190 $91,802,481
for
stocks
interests.
liabilities
Income Account
1944—10 Mos.—1943
1944—Month—1943
profits were realized
on
and tax notes.
,
;
at Aug. 31, 1944, amounted to $1,383,000, compared with
at the close of the preceding fiscal year.
It is difficult to
balanced inventories because of shortages of critical raw
materials
4%
of
Net
Balance
the
;
$10,063,050
__
year
Aug, 31. 1944. were $3,058,000, an
balance at Aug. 31, 1943.
The ratio
current
to
maintain
preferred
■
'
-
the" fiscal
for
Inventories
•
65,000
"
assets
over
$1,289,000
resolution recom¬
incorporation be
of
Oct. 23
President,
Pitt,
T.
Fred
and
Chairman,
'
Treasury certificates
October Sales Increased 3.4%—
Sales
193,326
•
of current
cash balance of
$1,124,000 at Aug. 31. 1944, was slightly greater than at the preceding
year-end.
In addition to its cash the company had $323,000 in U- S.
of the proposed 4 % .cumulative preferred stock,
of 4% cumulative preferred stock and $3
share
share plus div.
per
132,900
reserveaa-——
income* taxes
current
assets
listing of 65.006
$100).
articles
the
Kulp,
part:
Federal
.
Net
share
one
special'
to
been determined by the Government that no excess
the company's renegotiate contracts in prior
L
has authorized the
preferred stock
authorize
shares
each
for
$193,326
on
of Plant-
above.—V. 158, P. 2193.
Period End. Oct. 31—
Bal. applic. to cap. stk.
$45,262
stock accepted
for exchange. At" a special meeting of the shareholders held Sept. 22,
the proposed amendment was adopted.
:V
65,000
shares of 4%, cumulative
preferred stock were taken in
exchange by (the holders of-4%'ye cumulative preferred stock and the
29,225 shares of 4%% cumulative preferred stock which were-not so
exchanged were called for redemption and payment on Nov., 9, at
pld.
lot her income .A—
'
of war contract prices,
tAfter deducting
of $12,869.'—V, 160, p. 473.
y";
; v
refund
to
of
basis
cash
in
cum.
on
203,439
$50,860!
preferred
65,000
the
on
of ufcil,
of earns,
.58,393
206,172
shareholders
as
155,725
$132,900
ended Aug. 31, 1944,
have been' computed in
accordance with the 1943 Revenue Act.
*A
portion of the profits for the year ended Aug. 31, 194.4, is subject to
renegotiation under provision of the War Profits Control Act.
It has
stock (par $100).
Directors further authorized
an offer of exchange to the* holders of the 4 %%
cumulative preferred
stock of the company to issue in exchange an aggregate of not to
1,382,825
tSinking & other iur.d
appropriations A_v_A
stated
The
$73,256
Stock Exchange
the
■
160, p. 673.
Benjamin
3,151
1134,201
cumulative
to
cumulative
$2,813,040
1.069,539
income
5.362
.
*6,366
1944, the board of directors adopted a
Aug, 2,
mending
amended
Net
1,151
renegotiation
York
New
shares
Gross
Income
1,151
Walgreen Co.—Listing of 4% Preferred Stock—
266,223
.
$232,575
159,675
A-.-
_
Wilson Jones Co.—Annual Report—
see Borg-Warner Corp.,
$3,201,401
(net)—
income
;__a_
—
i_
...
$153,000
$17,282,718
14,081,317
revenues—
oper.
Other
1,037
Vulcan Corp., Portsmouth^ Ohio—Sale
revenues
revenue
6,003
'$49,636
post-war
761
$349,052
$110,167
$261,453
7,428
_r;
profits taxes—
excess
Utility Subsidiaries:
operating
$297,372
7,210
$343,29)
1,104
Appropriation
1944—12 Mos,—*1943
1944—9 Mos,—*1943
Period End. Sept. 30—
$192,084
Net. profit
' $832,767 $10,614,631
(Combined Earnings)
1941
1942
Cr485
3,485
$231,471
,
income
Net
6,151
68,756
60,600
taxes.,T._—;—
profits
Income, deductions
—V.
taxes.
and
24,2$:;
84,845
income
Total
,
1943
1944
tin gencies—
con
'including
Company and Subsidiary Companies
Other
Est. Federal income and
2,869,298
$7,597,235
$621,689
'
$932,767 $13,483,929
$9,510,100
1,912,865
$621,689
*-AA
v
126,101
6,629
...
earnings
bldgs.
equipment'
Amort, of patentsRes.
Net income "AAL,-,-,
& Fed.
of
Deprec.
3,196,013
1,430,908
124,478
„
stock
Net
deprec.,
before
amort,
1944—12 Mos.-^-* 1943
$2,363,675 $16,679,942
•
-A
•
-
excess
Capital
amounted
taxes
481,039
taxes,__i.
income
Co.—Earnings-
30—•
3 Mos. End. Sept.
Company Only
1944—9 Mos,—*1943
*
profits
excess
taxes
Federal
«
$1,640,335 $11,924,287
30—
income
Exps,,
(&
Improvement Co.
Gas
and
income
security
and deprec.
$1,054,097
taxes
Social
re¬
1943'
1944
509,758
25,175
Excise
Federal
.(After
outstanding,
stock
capital
of
1942
$304,384
$0.40
share for the 1944 period.
A portion of the earnings
is subject to renegotiation proceedings, but: it is not
company
stock,
preferred
5'f
$1,106,440
Operating revenues
Operating expenses, maintenance
Real
property taxes-,..
to 51
of the.
antici¬
pated that the result of such renegotiation will have a material ef¬
fect upon1 the net earnings, as reported.
Reserves for taxes in the
1943; period amounted to 63 cents per share, as against 56 cents in
Federal
for
serves
Victor Equipment
•
<
1943
$275,826.
$0.37
1944
$267,725
$0.36
shares
750,000
on
cents per
present-management
No change in the
Paper Co., Inc.
the latter company
of
shares
outstanding
17,500
Years Ended Sept. 30—
share.._____:
per
*Based
and
_
of
of
116.
p.
Western New York Water Co.—Earnings—
■
Victor Chemical Works—Earnings—
,
that it has acauired a majority of
outstanding capital stock of Mae Sim Bar Paper Co.,
Inc.,. at Ot~ego, Mich., which has been in business since 1905 and is
one of the largest independent paper board mills in the United States.
It is engaged primarily, ih the manufacture of paper board for folding
paper boxes.
Much of the paper board used by the United Biscuit
Co. of America in the manufacture of its cartons has been supplied by
Mae Sim
159,
$870,687
__
176,225
160, p. 1235.
(Net profit
The company on Nov. 9 announced
issued
redemption
—V.
,
America—Expansion—
United Biscuit Co. of
Grocers,
the
60,000
.
liabilities
Current
—V.
ern
78,855
Treasury
Quarter Ended Sept. 30—
the
—_-l-~
—
proceeds from the sale of the stock would reimburse the com¬
treasury for cash spent for the purchase of control of West¬
Ltd., of Winnipeg, Man., and the capital' stock of the
Southern Biscuit Co., Inc.,
of Richmond, Va,, and provide funds for
pany's
$610,243
121,590
•
10.
represent
declarations
S.
Total
75 cents on June 15 and
preferred stock 68% cents on
payments on arrearages for
quarterly periods ended March 31, 1940.—V. 160. p. 1234.
current
The
U.
stock
preferred
$3
and
i.
—
'
Inventories
dividend series preferred
the
company
$2.25
on
preferred stock and a
series
the $2.75
share on
:
•
■
The
1944
Liabilities as of Sept. 30,
Current Assets and
Dividends—
Accrued
2191
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4335
Volume 160
the
of
record
common
on
Nov.
stock,
Nov.-10,
no
and
9
declared
par
the
two
dividends
Dividends—
of
10
cents
each
value, one payable on Nov. 15 to holders
other on Dec. ic
holders of record
(Continued on page 2230)
I
SOUTHERN
Earnings of United States
Railroads for the Six Months Ended June 30
Gross and Net
Compilation of the figures of earnings for the railroads of the
six months of 1944 shows results_ that have
been evidenced from the monthly reports, that is, the figures for
of
the
Ohio
DISTRICT
Region—Comprises the section
Southern
Monday, November 20, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2192
River
to
point
a
Kenova,
near
.
of the Mississippi River and south
W. Va., and a line thence following the
east
of-Kentucky and the southern boundary tof Virginia to the Atlantic.
eastern boundary
Pocahontas
Region—Comprises the section-north of' the southern boundary of
of Kentucky and the Ohio River north to Parkersburg, W. Va., and
corner of Maryland and thence
by the Potomac River to its mouth.
Virginia,
east
south of
line from Parkersburg to the southwestern
a
United States for the first
railroads, while
net
months of 1943.
The comparisons of the earnings of the railroads of the United
States for the first half of this year with the corresponding period
of last year shows that gross earnings rose to $4,636,071,620 from
$4,346,334,591, a gain of $289,737,029, or 6.67%. As the operating
expenses rose more than the increase in gross, net earnings reflect
earnings are the largest in the history of the
earnings have been exceeded only in the first six
gross
66.39% in the first
six months of 1944 from 60.52% in the corresponding period a year
ago. Net earnings were $1,558,293,772 in 1944 as against $1,715,949,906,
a falling off of $157,656,134 or 9.20%.,, We now present these results
a
to earnings rose to
The ratio of expenses
loss.
(
Incr. (4-) or Deer.
:
Operating
Ratio
of
to
2,630,384.685
6.67
+
132,080,895
3,077,777,848
(66.39% )
0.2
—
$289,737,029
earnings
9.20
$157,656,134
—
month-by-month comparison of the gross and net earnings
the first six months of 1944 with those of the similar period of
In the
for
1943, we find the same results, each and every month having recorded
a gain in gross and a loss in net.
In the following tables we furnish
months of the semi¬
comparative earnings for each of the different
periods:
V*:>-'V,";
annual
Given
Year
Month-
$
Given
Preceding
+ 10.33
228,796
229,385
71,826,245
+
10.83
228,778
229,263
+
5.40
228,746
229,219
+■
1.44
228,70 1
229,096
JO
$
671,322,168
663,479,220
+
.
+
•
797,029,214
756,195,714
+
April—,;——
759,534,145
748,738,925
+
40,833,500
10,795,220
May
804,055,622
759,272,572
+
44,783,050
+
5.90
228.&14
747,325,321
+
52,150,121
+
6.98
228,603
228,991
—_
—
June
-
-NET
Year
Year Given
Month
243,211,633
255,046,330
■
269,595,859
306,785,045
■
March
250,530,342
306,620,973
■
April
304,945,504
•
May
277,288,369
281,003,912
295,407,645
•
June
___—.1.
January
'February
V
.
10,487,476
•
11,834,697
4.24
4.64
—
.
37,189,186
—
12.12
56,090,631
—
18.30
22,657,135
—
9.07
14,398,733
—
4.87
custom, we arrange the roads in groups or
geographical divisions, according to their location, the character of
the results is the same. The Eastern, Southern and Western districts
as well as all of the various regions comprising these districts, without
a single exception, record increases in gross earnings but decreases
in net earnings. The Southern region in the Southern district with
a gain of 3-29%
has the smallest increase and the Pocahontas region
in the same district the largest increase with a gain of 9.44%.
In
the net earnings, the Southwestern region in the Western district
has the smallest loss (0.43%) and the New England region in the
Eastern district has the largest (15.86%).
,• +
When,, as is
our
by groups,
which coincides with the classification prescribed by the Interstate
Commerce Commission. The territories covered by the various dis¬
tricts and regions are explained in the footnote to the following table:
Without further comment, we now give our summary
ENDED WITH JUNE
SUMMARY BY GROUPS—SIX MONTHS
-~—GroSS
District a,nd Region
Earnings
—
—-——
(—)
Inc. ( + ) or Dec.
1943
1944
i
■
...
south of St.
11994332426087—-i
19654
and
Region—Comprises the
Louis
and
line from St.
a
Our
Eastern District—
:
v
.
■
163.530,074
156,389,886
745,001,912
711.401,622
851,473,741
+-
907,906,050
_.
+
+V
97,172,787 + 5.65
649,972,103
203,396,251
+
21,398,843
19,194,611
+ 3.29
+ 9.44
853,368,354
+
40,593,454
+ 4.76
1,816,438,036
Total (51 roads)—————..
1
7,140,188 + 4.57
33,600,290 + 4.72
56,432,309 + 6.63
+
Great Lakes region (23
England region (10 roads) —
roads)-,—
Central Eastern region (18 roads)
%
$
s
.
New
1,719,265,249
671,370,946
Southern District—»
roads)
Pocahontas region (4 roads)——,3-
Southern region (26
,
222,590,862
+
.
Total (30 roads)_
'
893,961,808
——
Western District—
roads) i_—
Northwestern region (15
!
460,532,504
roads)
.
1,033.413,998
Southwestern region (20 roads)—
431,725,274
■Central Western region (15
422,673,044
951,749,349
399,278,595
37,859,460 + 8.96
81,664,649 + 8.58
32,446,679 + 8.13
+
+
,
+
is
Total all districts (131
roads)4,636,071,620
151,970,788 + 8.56
1,773,700,988 +
roads)—————————'1,925,671,776
;
4,346,334,591
V 289,737,029
+ 6.67
-Net Earnings
S
6,593
6,598
48,396,528
25,585
25,711
221,424,982 '
57,517,067
262,831,578
S
% -9,120,539 —15.86
41,406,596 —15.76
23,923
24,031
247,091,157
269,255,776
22,164,619
Mileage-—1944
New
Total—
.
.
—
516,912,667
56,340
589,604,421
~
72,691,754
8.23
—12.33
Southern District-^
Southern region——
37,383
37,432
260,259.652
6,022
93,254,161
94,333,609
ilL——
Total
-
43,385
43,454
353,513,813
382,481)445
27,838,184
288,097.836
6,002
—
Pocahontas region-
-L
—
—
1,129,448
—
28,967,632
—
9.66
9.7.6
,7.57
11199923474352608—-
—
Northwestern region
Central West, region
Total
__
45,623
45,409
141,663,758
155,282,181
—•
54,956
55,169.
369.804,579
411,414.080
—
28,642
28,783
176,398,955
177,167,779
129361
687,867,292
743,864,040
_.129,221..
—
—
—
—
—
13,618,423
—
—
Note—Our
groups
grouping
Commission,
Commerce
229,155
1,558,293,772 1,715,949,906 —157,656,134
Year Given
Preceding
$1,172,185,403
_
$1,051,853,195
1,172,481,315
1,339,539,563
1,351,570,837
1,310,580,765
1,407,465,982
—
2,326,657,150
+
2,738,845,138
67,476,090
—■
2,665,747,212
63,399,701
—
3,086,129,793
2,605,203,228
+,■
2,865,947,474
3,091,934,815
2,864,512,167
2,890,965,666
—
7.31
+
23,096,456
+
131,448,135
+
4.55
—
0.30
—
3.86
+
5.22
,3,022,413,801
'
Lakes
116,628,506
151,648,890
3,057,560,980
2,905,912,090
+
2,737 397,195
3,062,220,845
—'
2,184 ,221,360
2,688,007,639
—
1,599 ,138,566
2,183,918,659
—
1,430 226,871
1,627, 736,490
1,599,191,879
—
;
—10.61
—18.74
1,800,532,143
2,420,002,097
1,991,775,776
3,280i758,417
4.346,663,733
2,420,002,097
3,280,758,417
+
4,636,071,620
-
;
+ 15.17
214,374,745
1,991,064,110
-
—
—10.57
+ '
4,346,334,591
+
1.633, 218,256
—-
—26.73
168,965,008
+
2,083, 250,357
will
584,780,0.93
1,627,736,490
1,632,939,310
1,869,614,084
2,082,853,003
1,632,876,801
1,870, 196,058
.
—1— ■
5,259,590
EARNINGS
NET
'
.
+
+14.53
+
+
237,256,748
213,636,273
—.449,634,747
11.43
—21.59
167,655,342
+ 10.27
+
190,531,967
+
+
428,226,321
+ 21.50
+
,
Year Given
Preceding
$371,591,341
10.58
860,756,320
+
35.57
+1,065,905,316
+
32.49
289,737,029
+
6.67
371,562,668
378,852,053
373,370,171
h
373,442,875
343,835,677
or
394,495,885
6.36
0.54
7.18
+
^-12.84
50,660,208
+ 13.72
47,615,341
+
9.91
—
26,799,669
+
25.98
+
—
2,037,477
,
"
+
25,717,377
—
sfr;
r
559,376,894
347,068.207
393,225,507
555,683,025
562,838,773
—
265,705,922
540,911,505
—50.88
265,007,159
265,324,144
—275,205,583
316,985
195,582,649
263,029,233
—
+
218,332,024
+ 166,151,387i
1921_„_
310,890,365
169,082,335
530,420,651
312,088,627
649,131,565
531,566,924
597,828,199
651,828,563
:
-
+.
727,905,072
711,888,565
817,500,221
818,154,445
1931—1_
471,189,438
618,597,371
321,450,701
375,859,793
451,648,720
i
528,152,626
,
304,569,136
497,712,078
403,103,791
745,400,656
498,179,057
+
; +
the New England States.
tives
9.95
accord¬
"Federal Home Loan
on
Oct, 7. The es¬
balance
loan
representing the Korean
Washington were Dr.
Kim,
Ahn, Dr. James
Ben C. Limb, the
Misses Lee, Mrs. Mary Lee, Mrs.
Mary Lim and Mrs. Inez Pai. From
the office of Far Eastern Affairs
of
the
State
Department, Earl
D.
S.
Chung,
Col.
the
before,; Previously,
:
•!.;
.
Wade Marlin Official
Of Omaha Bank
the
Neb.,
bank,
new
98,534,655
+ 32.35
+
94,608,287
Stock
Live
Omaha, Neb., announces the elec¬
tion of Wade R. Martin of Lincoln,.
sion.
+
:
President of
National Bank,
E. Johnson,
Alvin
16.95
Vice-President
as
of the
in the country bank divi¬
Mr. Martin will assume his
duties
is
He
1.
Dec.
on
at
"
23.47
+
49.62
+378,213,854
•
+
+ 247,221,599
:
Director of the Depart¬
ment of Banking at Lincoln, Neb.,
and is also President of the Com¬
+
50.74
mercial
592,503.731
+
52.73
Mr. Martin was born
•+
157,656,134
;
—
present
Bank
1
at
Neb.
Stratton,
at Fremont,
9.20
Neb.,
steadily from $17,225,000,a post-
depression peak of $20,095,000,000
1941.
According to the MRe-
for
and
homes
of
existing
pre-payments
contracts
borrowers.
!
by
on
mortgage
Nebraska
showing the outstanding
debt, by class of
of
Bank
State
Lincoln
the- United
States armed forces in 1917 and
at the time of his discharge from
He
1915.
in
joined
the Army was captain in the field
artillery. It was during the time
he servedflrthe Army that he met
Governor Dwight Griswold.
On
Dec. 1, 1919, Mr. Martin purchased
controlling interest in the Com¬
mercial Banking Co; of Stratton,
Neb.,
;
"Review" presents the fol¬
The
of $19,512,-
outstanding the
Dickover and G. M. McCune were
present.
20.16
that view," the falling-off of the debt
total in 1943 is attributed to two war¬
non-farm home mortgage debt of time factors; a sharp decline in
the nation showed its second con¬ loans to finance the construction
Review,"
White House.
in
Shinn,
+
gage lending comparable to
of the past several years, the
the
de¬
was
ceremony,
the
to
Henry Chung, Dr. Dunn, Y.
+
75,765,722
76,563,043
000 at the end of 1936 to
1943 volume of mort¬
secutive decline last year,
the
at
and moved to Lincoln in
1907. He graduated from the Uni¬
country's
one
to.
four-family versity of Nebraska jn 1911 and
home
mortgage
debt had
in¬ became Assistant Cashier of the
creased
Debt Declines In 1943
.
9.54
-
—42.34
,
745,400,656
Mortgage
+
+ 20.58
—
—223,610,267
1.123.614.510
1.715,949,906
—31.80
71.353,026
41,593,457
304,542,359
1,558,293,772
16.36
+
—23.83
+
403,103,791
a
engraved
attached to an
envelope with the first day. can¬
cellation and containing the sig¬
natures of the Korean representa¬
1.83
—147,407,933
—149,889,660
+
30,679,039
417,993,205
1.716.118.241
2.20
—24.39
.346,640,179
1,123,614,510
+ 10.82
—
remained
and
Stratton
at
until becoming
Director of Bank¬
under the
administration of
ing
Governor
In
Griswold
in Jan.,
1928-29 Mr. Martin
was
1941.
State
Commander of the American Le¬
lender, at the end of 1943:
gion.
millions of dollars)
in
Change—
DISTRICT
A block of four of the new
scroll.
stamps
8.28
—
13,059,449
+114,947,201
528,201,763
•
22.12
+" 9.84
—199,587,164
.
376,399,748
451,625,515
1937—
+
16,035,003
—
'
471,340,361
321,452,887,
352,131,926
417,993,205
+ 69.96
—
71,056,875
702,553,020
618,567,281
+
713,906,228
:
United
presented the
of the
Dunn
K.
Committee
+ 83.87
58,807,728
—
656,848,197
727,923,568
700,846,779
1.27
0.12
—
,
+117,564,641
54,000,364
597,855,833
42.25
—
—
656,663,561
—_
+
7,155,748
—
1922—
—
scroll
a
—25.64
+
67,446,584
141,808,030
394,683,548
——_
:
1920-^—
year
J.
Dr.
Korean
nation
'
$76,640,239
36,817,815
+
+
404,569,430
375,407,648
400,242,544
—4—
—:
)
Decrease '(*—.)
.
presented
independence, and "abiding faith
in his championship of the rights
of small and oppressed nations."
Those
Increase ( +
$294,951,102
408,380,483
:
1911—
timated
A large group
expressing their "profound grati¬
tude" to President Roosevelt for
his stand for their freedom and
•
'
Year
1909——'
Bank
has been liberated.
0.32
+
+
be
livered
Jan. 1 to June 30—
to
received, the stamps, which
sent to the Korean Na¬
tional Archives when that nation
Lee,
503,786,279
1,413,361,745
:
1.632, 996,080
19-year-
Lee,
Lilian
daughters of Won Soon
twin
old
2.4G
324,823,450
1,800, 532,143
———
pink
and
Marian
2.38
'+18.46
480,926,565
225,987,341
3,018,008,234
9.20
Eastern Region—Comprises the section south of the Great Lakes Region
east of a line from Chicago through Peoria to St. Louis and the Mississippi River to the
mouth of the Ohio River, and north of the Ohio River to Parkersburg, W. Va., and a
line thence to the southwestern corner of Maryland and by the Potomac River to its
mouth.
+ 15.39
and
blue
*
lowing,
Region—Comprises
Central
+ 12.81
9,132,430
home mortgage
England and the westerly
from
+
358,015,357
■
'
—
9.62
181,848,682
265,635,870
+
3,020,928,478
3,011,796,048
2,901,379,728
1935———i_
Non-Farm
girls in brilliant
native costumes,
Korean
Two
0.81
+
2,887,608,623
1944_i„l.'_.
people and
freedom of the Korean
this about."
+
<—
1935——
me," he
States is
deeply interested and is cooperat¬
ing in every way to assure the
2.76
1,889,489,295
2,074,114,256
——Tu„v—a,t_„
1912
freedom.
5.72
—
—
39,998,560
+ 11.78
—
i
ing the stamp., expressed an earn¬
rendering all aid possible to bring
2,602,347,511
—
Walker,
C.
who in issu¬
4.30
2,671,369,048
—_I'
——
2.16
205,066,407
.
below the figure
the section on the Canadian boundary between
shore of Lake Michigan to Chicago, -and north of a line,
Chicago via Pittsburgh to New York.
Great
New
—
—
was
message
Frank
by
9.97
2,684,672,507
—
also
+
+
1
—
York
+
1,741,329,277
(Amounts
England Region—Comprises
Presidential
conveyed
—23.37
1918—
1913—.
+
+
—
328,012,578
1919—_i.—cL——L—
1910
—15.27
23,958,798
56,349,506
136,168,743
85,033,426
+ :
1,731,460,912
1,946,395,684
2,071,337,977
2,339,750,126
_
1917—.
1939
+ 11.44
170,089,522
—
1,309,006,353
1,401,010,280
'_i—J
+ $120,332,208
—
1,366,304,199
1,486,043,706
1,447,464,542
1,403,448,334
1,365,355,859
1,502,472,942
—.
and regions:
New
Washington dis¬
a
added, "that the United
Decrease (—)
r.
000,000 at the end of 1943 was 2%
of the roads conforms to the classification of the Interstate,
and the following indicates the confines of the different
EASTERN
to
patch on that day to the New
from • which
we
"Times"
"The President assured
Increase ( + ) or
7.53
'
Total all districts- _J228,713
of the compari¬
summary
Year
—
—
tribute to the resist¬
a
according
EARNINGS
GROSS
...
:
,j.—iL i
8.77
41,609,501 —10.11,
0.43
I
768,824
55,996,748
as
against Japanese oppression,
ance
quote:
customary
our
——„—.
1915.
ing
Western District-
Southwestern region
issued
est wish for Korean
Despite
56,107
—
(—)
1943
$
■
Eastern District—
England region—
Great Lakes region—Central East, region-.
Incr. ( + ) or Dec.
1944
1943
District and Region
•
•
ceremony
Postmaster General,
1943_i.
Total (50
•
gross
1938—
'
sent to participants in
where a new 5-cent
Korean commemorative stamp was
message
a
and net earnings of the railroads of the country for
the first six months of each calendar year from 194 back to and in¬
in
sons
1936—
:
' •
.
and thence to El Paso,
Louis to Kansas City
1932_
"
'
'
between the Mississippi River
section lying
for the freedom of the
people was expressed by
President Roosevelt on Nov. 2 in
Hope
Korean
The
exhibit
final
"
1 \
•
.
the Gulf of Mexico.
by the Rio Grande to
1930———
■
—
the Pacific.
Southwestern
\
,
For Korean Freedom
a
of the
City and thence to El Pasp and by the Mexican boundary
v.-'-.,
Kansas
1929
<°
$
$
247,146,242
to
1928—
(
Amount'
Preceding
$
236,658,766
from
Louis
1927
EARNINGSInc. ( + ) or Dec.
line
a
St.
'
i
Region—Comprises the section south of the Northwestern Region
Chicago to Peoria and thence to St. Louis, and north of a line
1926—
229,050
799,475,442
March
of
west
to
River to the Pacific,
by the Columbia
Central Western
from
DISTRICT
the section, adjoining Canada lying west
line from Chicago to Omaha and thence to Portland,
a
1920—-———
Year
69,349,396
Amount
Preceding
'
735,305,465
February
.Year
(
Inc. ( + ) or Dec.
740,671,564
_i-_
January
*'■■■
—MILEAGE^
-GROSS EARNINGSYear
i'
1199902434361—2—.
5
and
north of
Region,
Jan. 1 to June 30—
+ 17.0
(60.52%)
—$1,558,293,772 $1,715,949,906
earnings
Net
$4,636,071,620 $4,346,334,591
expenses
expenses
442
229,155
228,713
Mileage of 131 roads—
Gross earnings —_—
%
Amount
1943
1944 *
Great Lakes
WESTERN
Region—Comprises
Expresses Hope
cluding 1909:
in tabular form:
Jan. 1 to June 30—
Northwestern
FDR
Savings
Mutual
and
banks
insurance
Home owners'
Individuals
Total
companies__lL._^______
Loan
and
'
1941
$4,556
$4,552
2,660
associations
1942
$4,554
'
banks
savings
Commercial
Life
loan
1942 to 1943
1943
2,700
2,730
—
2,450
Type of lender—
2,480
2,470
—
1.2
2,255
1,976
+
6.9
-1,567
.1,777
2,410
1,338
Corp
othersi____^_,_______
_■
6,100
$19,512
:
6,350;
$19,908
6,590
$20,095
—
0.04 '/o
commenting upon Mr. Mar¬
resignation
Banking,
Gov.
as
of
Director
Griswold
states:
1.5
—14.6
—
In
tin's
3.9
2.0%
"As
of the executives who has
one
served since the
beginning of
my
.
administration,
of those
success
he
has
been
one
responsible for .whatever
we
have
accomplished,"
THE COMMERCIAL &
Number 4335
Volume 160
Stock and Bond Sales «»
DAILY
u
Cash' and deferred delivery selea are
NOTICE
we
furnish
Securities
Treasury
/
Nov.
1 L
Nov. 13
Nov. 11
2Vis, Dec.,
100.15
—_
[Close
sales
in
2Vis, 1967-72
—
{High Holiday
Low
Close
Total sales in
$1,000 units
(High
—
[Close
___
[High
—
2Vis
[High
Low
\
1956-59
[Close
[Close
Total sales in
units
$1,000
[ High
1947
2a,
—
[Close
2s, March
\ Low
(Close
Low
Total
*
[Close
J
Low
—
[Close
Total sales in $1,000
units
e
f High
—
1949-1951
2a, Dec.,
units
—
Total
j Low
units
(High
High
-{ Low
[Close
1950-1952
March,
2s,
In $1,000 units
Total sales in
$1,000 units
Low
[High
.
—
Sept.,
2s,
1950-1952
[ High
[Close
in
$1,000 units
—
(High
J Low
\
1951-55
2s.
[Close
Total sales in $1,000 units
Low
[Close
Total sales in $1,000 units—
[High
—
\ Low
—
—
[High
;
4
In $1,000 units
Total sales in $1,000
5
[High
Low
1952-54
2s
—
1953-55
(Close
Total
Holiday
i Low
Vis, 1956-58
13/4s
[Close
Home
•[ LOW
in $1,000
units
.
LOW
.
Total sales
"Odd
Nov. 11
$
share
per
59'.
2
AND HIGH SALE
share
*57
■
59 lit
61
$ per share
I per share-
60
.
61
61
1,000
110
*109
110
*109
110
10
59
*57
59
*57
59
8%
8v4
60%
8 %
60%
8%
60%
•.
8%
8*4
8%
8*4
8ia
*62%
64%
62-Ib
631,3 '
121
12 V-t
11*4
12
11*4
12
32
31%
31%
*31%
31%
*31!
2
32
23
*22%
23
*22%
23
a
221
*31
32
*31
o
22%
22%
22!
38*8
3914
2
63%
*62
*22!
a
'
39 Via
39
*88
90
*89
6%
(5
6
'
*163
166
166
63
38 %
a
170
6
38%
11%
38 !4
6
6
*165
168
168%
165
2 >4
2 Ye
2!fi
2 >4
2%
2%
273e
28%
273b
27%
27%
51!«
51 >4
50*4
50*t
50!
28%
28 "ii
27*4
28*4
27! is
2
38 Vs
*88
91
6
"
11%
38%
50%
5%
*165
2%
2%
*841
a
88
14*4
14%
149%
149*8
*84%
14! 4'
147 %
*15%
:'15%
3012
For
16
31
x29%
footnotes
see
page 2203.
88
*84 !4
14*8
14*8
148*2
148%
88
14%
149
*85%
14%
147%
16
15*4
15*4
*15%
29Va
29%
29%
29%
30%
Steel
Co
Air
Reduction
Alabama &
6!b
9,600
30
168
8
10.900
6.900
52!
28
3,800
86
10
8
Alaska
—No
Corp
114
24
60
8V4 Aug
8
Jan
3
53
1
Par
-No par
IOO
10
Min
Albany & Susquehanna RR
Allegheny Corp
5%% pf A with $30 war
$2.50 prior conv preferred_]Vo
Alghny Lud Stl Corp
No
„_
Alleg & West Ry 6% gtd
100
1
7
July
3
41%
Jan
57 %
~Sep
13% July 12
31% Nov
4
7%
Jan
13
25%
Feb
66
Apr
32% July
18
14%
Jan
July 15
Sep
6
38%
Jan
48%
67
Jan
76%
Sep
7% July 13
3%
Jan
7Va
.
Apr
3
168% NOV 15
Jan
128%
Dec
Mar 29
Jan
Nov
24% Oct
6
5% Apr
2
Sep
52
93
23% Jan
63% Mar
115%
3
43
100,
Jan
Nov
Jan
13
Jan
108
Highest
$ per share
35%
Jan
124
51 %
12
July
37% May 18
75
23
Jun
share
18
19% Jan
.
I per
9% Aug
10% Jan 27
26% Jan 31
-10
,-L
InC——Gold
8
Jan
.25
—
Vicksburg Ry„:
Juneau
21
Nov
Lowest
share
64 y2 Jun
47
—2.50
;
Adams
< per
109
No parA
Co—
,
:Jan
21% Mar
Jun
3% July
3
3 : July 14
34% July 14
Jan
32%
4
58% July 14
13
Jan
45%
29% July
18%
Jan
31% July
64
Jan
75
par
37
par
24% Apr .19
100
70
,
65
;
Jan
9% Jan
86
21
5
No.v 17
5y8
Sep
Sep
May
•
14 %
14%
1,300
Allen Industries Inc
147%
147%
1,500
Allied
14%
16
Acme
Motors
Address-Mutigr
5,700
2.100
86
88%
148%
ACF-Brill
100
—
—
600
38%
27%
28%
preferred
Express :
Adams-Millis Corp__
50%
51%
28%
4,500
91
2 1
4%
Year 1943
-Highest
share
52% Feb
No par
Abbott Laboratories
100
-
28*8
27V2
28
*50%
11 %
"
28
200
64 %
*63
12
*88
28%
2',8
28
63%
91
*88
91
*63
3,100
t per
Par
Abraham & Straus
8%
Lowest
!
Shares
108
60%
*
110
*57
Range since January 1
S
,
EXCHANGE
the Week
I per share
$ per share
Range for Previous
STOCK
NEW YORK
for
Nov. 17
*57
6012
110
60
RECORD
STOCKS
Sales
Friday
Thursday
Nov. 16
Nov. 15
110
*108
+Transaction of registered bond.
lot sales.
PRICES
Wednesday
Nov. 11
Nov. 13
Low
In $1,000 units
—
Tuesday
Monday
Saturday
per
•
[ High
NEW YORK STOCK
S
units
Loan
[Close
[Close
Total sales
In $1,000
sales
Owners
iy2s, 1945-1947
—
[High
[ Low
1963-1968
:::
——j Low
(Close
(Close
Total sales .In 81,000 units
3%S,
xt:
$1,000 units
1948
Total
[High
1962-67
in
—
Total sales in $1,000 units
3% a,
sales
(High
[ High
I
Holiday
Low
<
[Close
Total sales In $1,000 units
100.14
100.14
units
High
S Vis,
100.14
V-_;
.
Low
(Close
1952-1954
2s,
[Close
Total sales
5
—
(High
Total sales
(High
Vis, 1950-52
101.7
{ Low
2s, 1951-1953
—
Total sales in $1,000 units
I
"
—,
Total sales In $1,000 units
—
—
(Close
IViS, 1949-53
101.7
[Close
j Low
101.7
—
{ Low
In $1,000 units
1948
—
-j Low
[Close
sales in $1,000
—
Close
Vis,
(High
4 Low
1949-1951
Sept.,
—
(Hign
I
—
Total sales in $1,000 units
2s,
1945
—
Low
<
—
$1,000 units
(Close
Total sales
—
,
[Close
[High
Vis,
—
units
2s, June, 1949-51
[Hign
\ LOW
[Close
1960-65
sales in $1,000
| High
$1,000 units—
Total sales In $1,000
] Low
2s, Dec. 1948-50
_
Close
2%S, 1958-63—
—
—
units
2%S, 1956-59...
—
High
I
'High
2
4 low
[Close
1948-50
Total sales in $1,000 units
[Close
Total sales in
—
| High
[High
2%s, 1951-54
_
—
Total sales in $1,000 units
.
_
.
f High
—J Low
—| Low
[Close
sales in $1,000 units—
v
—
units
—
♦
2%S, 1948-51
-A
Total sales in $1,000 units
\ Low
.
—
—J Low
[Close
2%s, 1954-56
uniis
2%s, 1955-60
Total sales
—
—
—
1951-55
2*4 8,
—
-I Low
[Close
—
[ High
1 Low
in
1
4
—
High
—
Low
Total sales in $1,000 units
Total sales
100.2
—
Total sales In $1,000 units
f Hign
Total sales in $1,000
100.2
100.3
Low
units
ay4s, 1951-53
[Close
••
100.3
100.3
100.3
•
I
f
[Close
Total
100.2
100.3
100.3
[Close
i Low
2%s, 1945-47
-
50
100.3
100.3
-
Total sales in $1,000
units
Total sales in $1,000
100.3
100.3
8
100.3
units—,
$1,000
—
units—
Total sales in $1,000
100.3
100.3
1
Low
■
.
100.3
[High
(High
3s,
1965-70-
Total
[Close
1946-48
25
»»
100.3
Close
[ High
38,
;
$1,000 units
Holiday
\ Low
Total sales in $1,000
100.3
'■
-
^
(High
21/2$
Close
3%s. 1949-52
Nov. 17
100.3
'
[ High
_■{ Low
[Close
___
units
Nov. 16
100.3
,
-
'
1
Low
Total sales in $1,000
Low
I Close
1
1964- 19G9
Total sales in
High
3%s, 1946-49
Nov. 15
,
$1,000 units
100.15
—
units
Total sales in $1,000
Nov. 11
York
'
Total sales In
100.15
f Hign
3%e, 1946-56
■{
109.24
i
j Low
Total sales in $1,000
f High
2yas, June, 1964-1969,
109.24
—
units
..
Nov. 13
Nov. U
8. Bond Prices
U.
of
Treasury
New
the
bonas on
'
[Close
4i, 1344-54
Record
Daily
Nov. 17
Nov. 16
Nov. 15
10.9.24
1 H18h
J Low
,
4%s, 1947-52
Total sales to $1,000
the New York Stock Exchange
on
Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon
Figuret after decimal point represent one or more 32d of a point.
the current week.
V. S. Bond Prioei
Daily Record of
of the day. No aoconnt la taken of inch iale» to oompnting the range for the year.
daily record of the transactions in
a
Stock Exchange during
YEARLY
-
disregarded In the day's range, nnleaa they are the only transaction!
United States Government
Below
New York Stock Exchange
WEEKLY
-
2193
FINANCIAL CHRONICLE
*
15 %
16
30%
30%
100
2,800
Chemical
&
1
Dye
Allied Kid Co—
Allied Mills Co Inc..
—
uNo par
_3
No par
3
15% Oct
7
7
Jan
Apr 26
152% Oct
5
140%
Jan
13% Mar 18
16% Feb
5
29
35 !4 Mar 27
141
Aug 15
11%
165
Jun
July
10% Jan
14% May
16 V4
37% Nor
Jan
FINANCIAL CHRONICLE
THE COMMERCIAL &
2194
NEW YORK STOCK
Nov. XI
20%
20%
102 >2
102 Va
fr*.
374
42*4
42%
99 %
101
101
21 Vs
374
43
100%
69
69
15%
15%
15%
2,300
American
43 Vs
43%
43 Va
43 !A
43%
1,000
Am
131%
*130%
43%
43 Vs
130%
'
88%
877s
*130%
130% '*
11%
10%
•
87%
87%
^
38%
37.74
91
91%
91
91
20!
26%
107%
128 %
128%
■
13%
13%
18%
17 Vs
27*4
28%
.
■'
4
*374
105%
105%
27%
27%
3%
3%
3%
10
27
*26 Va
27
*26%
27
27
94
17%
18
90 %
90%
35 Va
35%
*35%
5
*45%
x75%
75'%
.75
75
*6 *'8
674
*73 %
76%
*8 '4
8%
22
1,500
Amer Metals
128
2%
50%
51%
178
14 Va
14%
74%
73 Va
16
17%
Va
16%
16 Vs
16%
31%
*31%
39%
40%
158 Va
158
-
45
147
*147%
159
*147%
149
24%
17%
163%
a
14%
14%
14
I4Vs
9,800
73%
74%
73%
73 Vs
*16%
17%
16%
31%
39%
39 %
43%
*148
25%
25%
16%
17
24
47%
48
*130
130
163%
*28%
163%
1G3%
65
66
65
65%
65%
67
65%
65%
65
100
7%
-
163%
-
11,400
65
65
2,500
65%
65%
65%
4,200
6,700
*118%
119%
119%
.•-■'t 100
.
1Tb
*7 7b
91
7Vs
8
*967s
30,500
4%
50
7
4
*112%
26%
12
*11
-
-
*3%
3%
4%
*48%
26 Vs
27.
4%
27 %
29%
30%
24%
11
12"
3%
*374 '
114
11
112
1,300
54
53 Va
6
96%
108
108
*42%
11%.
10 Vs
"42%
9%
17
11%
109 Va
42 %.
*11%
110
42%
11%
9%
9%
9%
17%-
17 Ve
17%
17%
'17%
109%
109%
110
110
110
110
108
107%
108%
108
108 Va
108%
108%
45%
*44
101
102
40%
40
36%
36
74%
*71
30%
*110%
14%
30!
2
111
15%
66'A
67%
101
100%
39
37%
x37%
34%
35%
3512
*71%
74%
30%
29%
111
*108%
110
66%
69
67%
101
*44
45%
*44
*108%
110
*71%
■
29%.
*108%
66 Vs
101.
35%
3034
111%
14%
56
56
61%
61
61%
*114%
115%
*115
116%.
*115
116!a
18%
18%
18%
*18
18%
75%
10%
10%
4%
2374
247 a
23%
8!'«
83b
774
1434
15%
13%
14! 2
1274
12%
11%
12
*56
10%
61 %
*115
18%
*10
56%
61%
116%
18%
10%
.
5%
98
*110
42%
*11
9%
17
109%
*108%
*44
108 Va
66%
100 3 4
38V a
38
*7374
30 Vs
111
14%
*56
61 Va
*115
.18%
10%
4%
74
Jan
Jan
112
?
30
!
100
'(
12 %
400
'•/■"! 900
9,200
5%
112
42Vs
I
-
8Va Jan
':'
,
84 Va Jan
127% Jan
—-1
•
,
98 V
;
67 Vs
38%
36
Jan
Assoc Investment Co
11.900
1,400
.—
Sep-
84
Dec
30
Jan
403i: Jun
17% Oct
3
3
'
45VvSep
15
6,100
Atlas
Refining—
conv
Jan
94% July
Jan
39%
Oct
100
Jan
108 Va
Nov
680
Atlas Powder———
I8V4
400
Atlas Tack Corp——.
10%
1,300
5%
conv
$5
44
Oct
106
9
17% Oct
2
12
Jun
62
Jan
68
.
50Va
7%
18% Nov 13
57
Jan
113
120% Aug 14
Jan
Jun
16
Dec
9% Aug
25
13% May
8
Apr 19
84% May
9
74%
72%
72%
4%
4%
4Vs
4Vs
4%'
20,000
Aviation Corp
3
5% Aug
8
3% Nov
63/a
23%
23%
23%
2374
23%
23%
17,600
Baldwin Loco Works' v t C
734
774
7%
874
8%
17,700
Baltimore & Ohio——..
Apr 24
3
5% Jan
24% Nov
10
10 V* Jan
13%
14%
14%
15
14%
1474
8,900
4 %
1174
12%
1274
12%
12%
12%
1,800
Bangor
Conv
Jan
(The)
,
Sep
6874 July
123
Jan
2% Jan
28% Jan
Sep
13V* May
Jan
52
Oct,
28% May
113%
Mar
6% Jan
5
19
.
18% Jan
327b May 17
57% Oct
Jan
Nichbls—!^—
prior A_—
of Del
May
36% Oct
3
3
Mar 31
Va July
38
Jan
10
7
May 26
preferred——!
90
Nov
66
Nov
Apr
61%
Jan
24 Va
38V» Nov
114
67 Va July
44% Jan
19
Jan
preferred
200
Austin
18
July
Jan
29
May 31
75
97 %
JUn
59
Jan
Corp——
6 %
14
Feb
—
pre! series A—
44
15% Jun
6
15
Jun / 7
,
,
10V+: Jun
Jan
72% Jan
:
110% Nov. .1
J108% Nov 14
.
10%
Jan
6%
7
Feb
56 V*
340
6%. Jan
4Va
12% July 10
,13% Jun 28
.
3
preferred—
Sep
75
Jan
46% Jun 28
Jan7
G & W I SS Lines
6%
Jan
> Jan
Jan
4To
Apr
Feb
3
Line RR_;—
Atlantic
3!'«
47%: Sep
Jan
49
71 Vb July 20
102
Nov.10
80
14%
Dec
1% Jan
46
108Va Nov 17
non-cum
Mar
7
Jan
3
111
76
8Va
•
34
Apr
23! a. July
5
CVs July
19
Atl
116%
111%
.116
98% Nov 17
Jan
Coast
293*
Jan
Jan
7
Jan
Atlantic
54% Mar
317» Apr
Jan
16
preferred
—
Topeka. &, Santa Fe—
5%
preferred—
5fo
4,600
3
May 19
Atch
2,900
6,200
-Jun
119
4
Jan
5%
10
!
85% Aug
Apr
B
j
!i
I
ij
.
1
-
'
'1,
' '
.
8
-
'
—"
J
'
r>~
23%
23%
23%
23%
2,900
1774
*17%
17%
17%
17%
500
Barker Brothers—
51
*51
5174
50%.
51
160
24%
23%
24
23%
18
17%
1774
*17%
Barber
517 a
*51
16
"
—
16 V2
xl5%
1374
1574
15%
1574
15%
157s
1574
5,900
5 % & preferred——.
Barnsdall; Oil Co..
17 Va'
167a
17%
16%
17%
17
17
17
17%
6,700
33%
33
33%
33%
3374
337 b
1,800
1!
33%
39
|i
39
109%
109 V*
12^8
1374
~~
i
*33%
35
123
*119
1
*
12%
*3374
*118
*38%
39
38%
109!*
*107%
109
*107%
13 V8
127*
14
12%
*337a
34
*33%
35
123
*116
11%
*115
122
11%
14%
45 %
see
*107
3874
11%
13
14
13%
}
46%
44%
45 %
4474
45%
1134
,
fnntnnTes
3874
51
11%'
11 %
14
,
33%
5174
page 2203-
%
11%
387s
109
1474
35
121
11%
38
*107%
13%
*33%
*115"
11! a
38%
109
133b
1,300
10
45,100
Beatrice! Creamery^..—,
$4.25 preferred—
Beech. Aircraft. Corp.—
12
Creek
RR——
Beech-Nut Packing Co—.
121
800
Belding-Hemingway—
13%
147a
13%
137«
8,400
B^l»
45
45%
44%
45%
6,600
Bendix
Aircraft
Corp—
Aviation
4
24
18% Mar 17
18% Mar 15
31
,
-
May 22
105.V2 Jun 24
7% Jun
8
Jan
11
.20
111% Jun
12
—_No par
10% Jan
3
.
.50
31
337b Nov 14
39% Nov
111,
Oct
10
11
14% Nov 16
35% July 11
121
Nov
6
10% Apr 25
-A
■v—5
Aug 21
,
15% Jan
6
11
33% Jan 13
467« Nov
10
13
July
Dec
10
Apr
Jan
147'a
5V* Jan
12 Va
Apr
Apr
63%
Dec
5% Jan
Jan
157b
6
1
26% Jan 24
18
July 5
53.
20%
Jan
34V* Jan
12
Feb
5
July 20
Nov
13
14.Va Sep
par
-A
Jan
Jan
a
3%
5
14% Aug 9
25% Feb 15
—5
Zl~.No'
68
43
-No par
._50
..25
13!
4
21% Api1 25
-10
1
Corp..
Bayuk Cigars Inc—— —No par
Beech
33
11%
;
18 Va July
3
Jan
60
Bath Iron Works
3274
33
For
preferred
Asphalt Cbrp—
.100
150
66
1
■
,_50
6734
6574
3
10% July
9% Jan
9% Jan
.100
—
& Aroostook.
*67 %
6774
18
13
.100
5%
67%
6774
*51
L.
preferred
177a
:
it
8
66%
2374
67
18
1
67'
24
il
!
24
<
Apr
Jan
16 Va
4V* Aug 30
17
-
Jan
preferred
2d preferred—:——
75
30%
Feb
1st
Oct
13
7'%
3 V«'. Nov
•
24
57
18
.
Jan
1%
100
?
35% Apr
Corp—
6%
NOV
24 Vg. Nov
42Va
33% July 17
3
Corp™—_—
270
5
28% July 20
117% May 26
:
9
Jan
Associated Dry Goods—.
270
A
46
101
Constable
6!s July
41a Apr 19
74% Jan
Armstrong Cork
Artloom
May
79 !6 July
3
85
preferred —————-100
Co
-No par
7%
9
88%
53%: Jan
.
:
—5
preferred-—No par
$6 conv prior
Aug 15
Jan
55% Jan
2
Jan
3%
8% July
10
2 Va Jan
49%- Sep
121% Aug
54Va July 26
28
July 6
7
9% Jan
42
-12% July
Jan
32
94% Aug 17
17
.
6% Jan
115% Jan
3V* Jan
24
Jan
Nov
112
'
Jan
63% July
65% July
9% Aug 14
16
>
a
Jan
146% July
28
3
Feb
Aug
32% Aug
158% July
'
43%: Jan
19
Jun
Jun
129% Jan
July 11
6
49
j 3
4'.' Jan
44
42%
JUly 14
"
.
113
Jan
18
3'
67 % Jan
Va
21% Jan
120% July 11
10% Aug 12
10
6 Va Jan
v
of Illinois—
& Co
Armour
Arnold
1,400
4,700
108%
108%
91
137b Jun
19
"
Midi'd——-No par
Daniels
Archer
; 140
■1,000
9%
110
Nov 14
75
3
39 Va Apr
Anchor Hock Glass Corp
900
11%
17
30
33
152% July
116% Apt 26
6% Jan • 3
20
98 %
17% July
Jan
16
75
Dec
16
Jan
17
164% Oct
3
7
-
Apr.
12
31% Jun
3
57% Jan ;
pa r
Aug
45
11% Mar
July 20
14
49% Sep
130
6
56% Jan:
139
——100
—
4%
73
74
.74
5%
75
30%
14%
56 %
4%
35%
*110%
61
75
3 83/s
14%
61%
*10
29%
67%
101
111%
56
10%
35%
*T3
76
61
*17%
38
14'A
14%
*55%
66%
100%
38 Vs
45
110
*110%
111
14%
45
45
110
56
10%
7
25
3%
5%'
Apr
J 9%
11
12.50.
$5 dip preferred——j—No par
Andes Copper Mining™———20
A P W Paper Co Inc.:—
^-5
1,030
I 600
•
53 V«
110
*108%
Feb
Jan
Anaconda Wire & Cable—_—No par
16,700
30 V*
3%
98
45 Va Oct
24% Jan 26
x53Vs
107
17%
Preferred
161
24 Va Aug
S5 prior conv preferred-——25 Anaconda Copper Mining
,*^50
33%
110
17%
Woolen:————No
American
Feb
29% May
Amer Zinc Lead & Smelt—
53 Vs
'
144 V2
Jan
156
Elec——No par
May
19%
29
preferred———No par
1st
$6
18
27% Mar 16
1,100
24%
*10%
47% Apr
151
26% May 17
'
5%
97%
109 Va
*11%-
9%
9%
574
97
42
43
*11
5374
*108
108
11%
9%.
5%
97
97 Va
43
43
53 V*
v
5%-
5%
97
*53
Dec
22% jun 10
3,800
27 Vs
30
32% Mar
36
:
10
2.500
51
*24
Dec
151% Aug
Nov
4%
*47%
267 8
24%
*112
8
Wits
Water
Am
15%. Apr
Jan
25
8
Oct
9
93%
4%
50%
25 Va
114
*112
114%
-
7Vs
93%
30%
30
*24%
25
3%
4%
4974
8%
94%
■
53:4- "54
5%
100
93%
497-t
4%
4%
*11
3%
8
100
8
8
90%
31
12
,
7%
*9 6V«
8
100
91 Vs
26 V s
114%
7%
*96%
V
8 %
13
111
_—
Jan
12%
NOV 13
141%
;
American-Viscose Corp—
a-
8%
69% July
24
Amer Type
41%
30!
*11
preferred
2,010
12 y4
Oct
16% July
-
Jan
15
Jan 20
16Va Jan
3
,;
100
Foundries Inc——10
14
preferred
—
—100
6%
144%
Oct
Jun
■35%- Jan
——25
B—
11%
*119
10% Jan
30
2
173
Feb
11
American-ZTobacco-——25
Common cldss
45!
11%
Jan
Oct
43% July 10
160
.July 12
3
Jan
146
-No par
40%
49 Va
48 Va
33
13
39% May
—
144%
118%- 116%
18% Sep
18V* July
147
Telep & .Teleg, Co———100
Amer
5,800
144%
54
13Va Jan
7
13% Feb 21
36 Va Jan
6 Vb
Oct
4% May
483a
16% Jan
154
17% July 10
75% July 13
3
36
Jan
18% Jan
Aug 14
26!* Jan
Refining—..——100
100
—
Sumatra Tobacco
41
25
*
Preferred
Am
12
26%
5%.
200
American Sugar
300
i
Vs
27%
97
I
40
25 Va
•
183%
2,300
•
29 %
11%
30%
*105
47 %
130%
*28%
Jan
12Va Aug 21
Jun
125% Nov
Jan
•a
~
144%
26%
3%
164%'
47
*130
116%
*26
Jun
10Va(
'27 Ve. Apr
20% Jan
22
Oct
Sep
15%
:
,7% Feb /
.
51Vb Aug 23
180
12 Va Jan V. 3
Co__—^.—-No par
American Stove
11%
25 %
*11%
29%
—No- par
American Stores
4074
30%
*112%
2,400
i 500
144%
91
4%
4%
7,600
16%
24%
11%
774
93
92%
48%.
25%
2474
6%. non-cum- preferred—-I—100
Amer Steel Foundries.^.—No par
-
8
14
62% Jan
-25
40%
144 Vs
99
38 Vb Aug
22
American Snuff——
41%
*96%
5
25% Oct 21
130
Oct 31
3
Jan
Seating Co——-No par
12-
77b
.
■
Jan
Razor-——18.50
American. Safety
145
*118% '119!
8 %
8%
Feb
9
preferred^—^---100
conv
40 %
.
,.*118% .119!8
*95%
48
4% %
11%
12 %
41%
40
163
American-rRolling Mill——25
144%
145
par
Ship Building Co——No par
Amer Smelting & Refg——No par
Preferred —————————100
65%
*65
67 Va
12 Va
12% July
18
par
100
Sep
17% May
Nov
12% Jan
•
19% Nov 17
Aug 29
:
May
82%
59
—
May
5
66%
47
44% Feb 21
Preferred
70'
,
Jan
V« Aug' 10
American
16%
Jan
2
17
3
Amer
60
Jun
68
Nov
6
500
,
407a
39% Jan
7V* Nov
JUh
21
1,300
A 148
Jan
37%- Jan
23% Nov 13
Jun
1380
43 3A
Apr
13
50
105
Jan
790
6,500
3974
Apr
4 %
7'% Feb
2
'
"
36Va
5% Jan
32
..
Jun
Feb
Jan
9% May
par
;
July
4% Jan
par
par
Jun
26
78 %
7
No
!
"
,
158
25 Vs
!'
130%
28%
66%
:
■
148
24%
47%
164
158
; 43%
149%
25
149
16 %
31%
38%
15874
43 Vs
900
17%
16 Vs
*31
39VA
158%
43%
17%
*28%-
29%'
*
16%
31%
66%
:
*16%
17
16%
32
66
40%
115% Feb
-100
;
Co—
News
Power &
Amer
87%
Jan
9% Aug 10
Feb. 15
.20
May
>
53%
23
Light-——,—No
$6 preferred—
No
$5 preferred——
No
Am-Rad & Stand San'y^
_No
American
840
24%
130
130
130
*28%
29
14.%
74
■v
24%
'
48
47 !*>
48
r 20
178
178
17 Vs
V
24
*2374
130
24%
25V4
17%
17%
24
43%
44 Va
43 %
5,400
16,700
11%
11%
11%
4,500
45
44 Vs
44 Vs
8,100
51%
.2%
6%: preferred--
30
470
2%
51
178
158%
39 Va
40 Vs
39%
158 Vs
11%
178
?
37%
—No par
9
35
Aug 30
9% July
"
x31%
158%
2%
51%
44 Vs
178
127
37
5074
11%
11%
*176
*125%
2%
44%
44
45%
11%
16%
26%
37
2%
xl4%
33
129
37
274
51V«
*176
,
*125
37
Co Ltd—
Apr
29% May
Jan
.
2%
77b Aug 18
4
Metais—,—No par
'
:
Jan
7
39:
30
76% Oct
29
5% Jan
25
46 Va
9
79
Nov
Jun
10
1% Jan
5
Jun
Nov
12
46
Amer
&
22%
5Va Mar 16
Va Apr 25
14% Feb
24%-
2,600
6%. Jan
7
29... Mar 22
46
.
t
Mar 27
7% .preferred
.——--100
Mach & Fd.v Co
No par
24%
36%
Jun
6% Aug 18
4
24:%
128
4%
102
4
Amer .Mach
37
Jan
v..
10
2,000
128
Dec
1%
37Vb July 17
Jan
14,900
25'
547a
3
147b Feb
11%
x25
Dec
19
80% Jan
19%
105
42%
Apr
3% Jan
50
preferred-
conv
18 Va
103%
11
5
Locomotive——_No par
5
11%
103
103
104%
27
6!»Jan
18% Feb
Jan
92% Oct
65
11% May
6% Jan
13 V* Dec
97%
25Va Apr
Internal
American
112% May
*
8
7
.
116% July
Feb
1
10
39% Mar 31
Apr
Nov
Aug 18
10% July
19
11%
*16%
144%
20,6700
Jun
July
96
10
33
Jan
107
20
Jan
Corp——No par
American Invest Co of 111
1
300
21V s
24%
July
11
10"
18%
17%
.
2174
80
18 V<
Jan
Jan
49
•*47%
49
22%
45!2
59% Nov f
15 V8 Jan
Jan
103 Va
74
164!
21%'
68
59
4
18
17%
163%
*47%
49
185 %
4% Aug 17
•
61
Amer
1,400
8%
*8
Nov
24% Jan
168
53% Jan
26
par
11%
75
28 %
8%
Jan
preferred—.———100
103
*17%'
48
8
&
.\6% non-cum'*
11%
11%
14%
*129
8
American. Ice——— —_No
"500
76
8%
8%
American Home Products™:
1.800
6%
6'A
*74
18-
44%
'
178
251 i
6%
76
Aug
9% May
91% July
Sep
6
1% Oct 27
-50
—1
- conv
11%
51
46%
17%
73%
73%
73%
6%
preferred—.
6%
100
17%
2%
2%
*23%
73
*74
I
i
134
3% Jan
71% Jan
19
18% Nov
107
Apr 25
23
1
18%
36%
53
147
45%
2V4 Mar
A———No par
Leather
Hide
American
ir.%
102 Va
*126
36%
44%
45V4
•500
4,600
15
5
Mar 10
8
Oct
130% Oct
14
No par
preferred
S7 2d preferred
24 Vs
.
128
32
47
8%
21%
'
'
74%
*45%
•'
47/s
/
115% July 24
18:
21% Sep
$6 preferred—-——No par
American Hawaiian SS Co
—10
II %
25 Vs
14%
43A
Jan
7
Thing—— 1
Encaustic
17%
102
18%
12
37
5
.
12 %
11%
*36
*47%
22%
21%
102%
45
36%
4%
8%
*8
49
*47%
49
23 %
51%
36%
95
8%
8 Vs
8%
*8%
2,000
77
*74
8%
8%
20.000
92'A
6%
*6%
76
*73
18 %
*91%
75
74
.
17%
92%
97
14
European Sees—
$7
4,300
18
47
*45%
6%
6%
95%
17%
5'
■4%
%
47
5
900
90
94
-
127%
92%
101% Feb
_^No par
American Export Lines Inc
.—1
Amer & Foreign Power—No par
25,900
91
90'A
36%
*45%
t
2 Va
2
2%
25
27% July 15
10 !4 Jan
.-10
Distilling
Amer
400
36%
91
35*4
25
1,500
American
t
Sep
1
108'Va Feb
preferred.:
.—100
Co stamped——_20
1st
•
90*4
12 %
Amer
27
2'iVb
2%
2%
93 %
18%
70
'•
,:133
26
Nov
3,900
Va
3%
3%
3%
*9%
18%
*176
27
10
5%
107
6%
105%
27%
*9%
46%
:5% conv preferred-..—AA-,—-1100
Aftre'rican Chicle—_——L_-_No par
240
Crystal Sugar-—;
105%
.
1
Jan
Colortype Co^——10
10
5%
23
Chain
American
27%
437* July
4
American
105 Va
9% Apr
Jan
68% Jan
2,500
•.
Nov
Jan
preferred—I 100
non-cum
1/JOO
*9Va
2%
-
18
*9 Va
8'%
\
61
4%
27%
42% July 14
<fe,Cable Inc_A—No par
Am
i 160
,
Dec
18
.May 12Mar
Sep
18%
27
18
13%
94
2%
107%
128
76% July
Oct
15
17%
2%
36%
128%
Jan
■
8% Jan
47Jan
-.33 Vb Apr
13%
17 %
128
1073A
128
107%
107%
128%
1%
1,400
253%.
34
52
170% Jan
18
93%
102
*25 Vs
Jun
Jan
6
Fdy—____No par
13%
2%
8 "a
25%
Oct
86%
'
17%'
18
22%
,800
31%
Jan
23
——.100
&
Car
■8
2% July
'
23
14
July 12
95VsJulyl3
183 % Nov 14
13 Va
94%
*47% :
91%
12
13%
17%
.
91 %
126% Apr
82
Jan
*67
69'/* Nov, 13
100
Corp__———1
———-25
23%~Sep
-
Jan
46
3
14
—
Va
13%
19% Jun
7% Jan
18
94
2%
90 Va
84% Oct
,
23 Va July
37!4 Jan
Can—
Preferred
...
/;
Sep
Dec
43% July
5
28
.
par
No
Co_—
preferred A;
American
4,400
10
•
26%
a
5 %';'<•
—50
——
Cbrp.——;h-——1'
Bosch
American
50
373A
preferred
Brake Shoe
Amer Cable. & Radio
3,900
183
25 Vs
107
6%
-
100
90%
129
27
374
183
26 %
10
10
20!
.
105%
28
374
•
22,700
37»A
25 Vs
17%
106
27
131
38%
91
*13"
:
183
*182
38
128%
18 Vs
106
87%
3774
.
107.
■
128%
14
18
106
107/8
87%
25%
-
107 %
13*8
1051a
10%
87'A
91
•
26
25%
108%
128%
a
*13074
11 Vs
87 Vs
184
*182
183 Va
38
<■107
;
;
131aA
..10%
11
87%
87%
:
183
39%
184
80
"
10%
-
38*4
*182
%
Jan
14
69
15%
45%
,
Jan
2,500
69
15%
15 Vs
%'
6(1
20%
69
%
17%"
July
110% July 17
31% Jan 14 '
25
20 !4
68
15%
21
'•
July 14
43% Nov 13
25
Apr
*68 Va
68%
11%
Apr
16
American Bank: Note
15
12
i 58
American Airlines tnc—»
16%
Jan
!
—id
5,500
Amer
Jan
26%
4
—--10
79%
No
16%
97
73%
23% Jun
Agricultural Chemical-No par
27%
78%
69 'A
28% Jan
Jan
7
4
May 17
20
21%
19
26
27%
16
19
Jan
6%
t per share
40% July; 5
118
Apr
17% Apr
2
July
Highest
S per share
July 10
103
Mar 29
20 Va
27%
105
Lowest
-
share
22
3
82
80%
*27%
27%
27
par
Corp
79
mv\
45
Petroleum
Amerada
1,100
20%
80 Va
130
-
80
28
78! 2
11%
100
100
1003%
400
41%
—100
No par
—1
50
preferred—
conv
Alpha Portland Cem—;
Amalgam Leather Co Inc.
6% conv preferred
S per
33!b Apr. 24
par
20
27 %
45 V 4
41
43
4%
1,000
—100
:
Mfg:
80
*27%
27%
81%
20*4
*
*40%
100
112
Year 1943
Highest
share
14% Jan
96V4Jan
—No par
preferred
600
27*4
130
*111'A
5%
Allls-Chalmers
400
22
3%
99 %
100%
20 %
2,000
21%
3%
500
112
21%
3%
80'A
,
3%
111%
21%
113
*40
43
*40
7,800
36
3%
3%
3%
4,800
103
3674
367/s
21 %
*112
21
3%
Allied Stores Corp..
a
19%
*102%
$ per
Par
Vs
20
103
36%
36%.
36%
113
21
21%,
'/a
21
19 V
19 Vb
Lowest
A
Shares
$ per share
*102%
103
*102%
37%
113
114
114.
Range for Previous
Range since January 1
STOCK
EXCHANGE
'
103
36%
19 Vs
19%
20%
19%
102%
'
38
37^
•
YORK
NEW
for
the Week
Nor. 17
$ per share
$ per snare
share
$ per
$ pe* share
f per share
Sales
Friday
Nov. T6
Nov. 15
Nov. 14
13
Thursday
Wednesday
Tuesday
Monday
Nov.
RECORD
STOCKS
LOW AND HIGH SALE PRICES
Saturday
Monday, November 20, 1944
,
30
12 Vb
Jan
13Va Jan
Jan
23Va
24% Jan
lOSVa
Dec
7% Nov
25 V* Jan
Jan
9Va Dec
93
9% Nov
33
Nov
28% July
47
Sep
Sep
19% July
207b Mar
x29
May
3374 July
*110
147a
Sep
Sep
33% July
114
Aug
llVa July
20% Mar
39 Va
Apr
Volume 160
RECORD
NEW YORK STOCK
LOW
Saturday
Nov. 11
$
per
19%
19%
*55
*19%
*55
57
*38%
39%
18%
18%
61%
62
39
17%
18
60%
61%
128%
200
18%
18%
61%
01 %
61%
*127
129
*126,%
127
48
47%
48
477/a
47
47%
22%
22%
22%
22%
22%
22%
22%
10%
10%
10%
10%
10%
10%
*19%
20%
*18%
*107%
19%
109%
17%
19
46
r
10%
4,500
116%
18
48 <
93
51
51
51
50%
.
34%
34%
33%
34%
33%
34%
39%
37%
38%
37%
37%
5%
5%
*5%
42%
42%
*42%
18%
19%
18%
18%
53
*49%
5
45
34%
5,700
5%
5%
500
5%
19
18%
11%
11%
11%
11%
11
11%
11%
38
36 %
37%
36%
37%
36%
*47%
11
37%
48'%
*47%'
48%
48%
*49%
50%
49
.49%
*48%
21
20%
20%
20%
20%
20
47
46%
46%
*45%':
47%
46%
21%
21%
21
21%
21
22
12%
.13%
12%
12%
12%
12%
20%
*46.
*123
125
48%
48%
*47%
9%
72%
71%
9%
9%
9%
20%
1,600
46%
*44%
47%
200
22%,
22%
22%
11,500
12%
12%
12%
12%
6,500
:
124%
40
10
10%
14,600
71%
72% '
:
9%
72%
72
72%
X71
71%
1,710
9%
9%
9%
2,400
Budd- Wheel
124%
9%
9%
9%
20 %
20%
*20%
18%
18%'
18%
.18%
18%
39%
40
39 %.
39%
39%
39%
38%
37%
37%
37%
37%
112
6%
6%
*74
*75
63
60
80-
61%
61
'
1,100
39%
39%.
6%
6%
3,900
75%
62
62
7$
65%
1,310
6%
12%
11%
12%
11%
11%
11%
11%
U%
11%
5,400
30%
12
*30%
30%
30%
30%
30%
30%
30%
30%
30%
500
1.000
3%
3%
3%
3%
14%
13%
13%
*13%
89
88
88%
*87%
88%
21%
21%.
*21%
22
89
*22
•22%
*26%
26%
26%
*26
26V2
56
*55
56
*55
56
*55
56
1
I
1
1
1 Va
1
1
1
1
6%
6%
6%
6%
6V2
6 %
6%
6%
19%
20 V«
19%
19%
19%
19%
19 Va
19%
26%
*55
28% ; 29%
43
42
10
28%
42
.
49
V
,
*42%
10
10%
48%
48
48
9%
9%
9%
*9
*47
10
9%
10
*47
48
48
9%
49
49
48%
48%
48%
48%
116
116
116%
116%
116%
116%
31%.
31%
18
18
17%
17%
57
57
57
57..
57
5%
36%
35%
147
X47%
47%
47%
34%
33%
34 Va
102% 103
102%
102%
127
127
102%
>127
102%
128
49
34%
128
5%
Clinch
Carolina
35
4,300
147
No
2,400
5,500
1,500
126%
46% Nov
17% Jan
50
2,600
13%
12%
13
12%
13
12%
12%
12%
13
18%
18%
18%
18%
18
18
1814
18%-
21
20%
20%
*20%
20%
20%
20%
3,600
4%
4%
4%
4%
4%
6,400
Central
50
Central
21%
21%
20%
4%
4%
4%
'
■
"
*111%
111%
111%
*10%
11
x26%
26%
31%
32
19%
19%
29 %
113%
*3914
40)4
39%
39%
13%
*12%
13%
47%
46%
47%
6%
14%
'
6
14
14%
*48)/2
49%
57
15%
15%
5)4
5%
28
*27
47 Va
47%
11,500
6%
6%
5,900
14
14
6%
14
14%
/
14
5,000
29-
28%'
28%
49-%
50%
49V2
50
18%
18%
1814
18)4
18%
18%
19 %
19%
19%
19%
19%
'19%
49
9% May
43
Nov
54)4 Aug
Nov
10%
49
*48
49
*47'V2
56%
*56 Va
56%
*56 Va
56%
16
*15
16
*14%
16
15%
*15
*15%
16
*15%
16
5
87%
,
4%
4%
5
4%
5%
27 14
27%
:
•
88%
•
27%
*26%
87%
X86%
87%
20
28
87%
21
20%
20%
20%
20%
20%
20%
20%
*26
26%
26 W
26%
*25%
26%
25%
25%
*25%
26%
*95%
95 Va
*95%
95%
95%
95%
95%
95%:
*95%
10%
10%
10%
10%
10%
10%
49%
46% ; 46%
'
49
49%
%
;
4
Jan
6
49
95%
200
10%
10
10%
2,000
48%
4714
47%
900
185 f
*165
185
*163
185
*155
185
*155
185
*155
*84
86
*84
86
*84
86
*84
86
*84
86
112
112 ;
*111
112
*111
42%
42%
42%
106%
106%
*106%
107%
*93
94
*93%
*52
56
*52
34%
33%
37
,36%
*148
*136%
149'A
137
33%
>106%. 107%.
94
94
V *52
56
*106%;
33%
36
36%
35%
*148
149%
*148%
*135
*148%
63%
29%
29%
29%
29%
104%
105 V2
105 %
136%
63%
140
29Va
2914
106%
106V2
23%
105 %
63%
30)4
29%
104%
104%
104%
104%
40
63%
'
29%
3,900
64
'
34%
34 %
*115
117
xl8%
18%
34%
*115
*18%
34%
18%
117
118
*115
*115
240
*17%
10 XL
*
El
gtd 4%
8% Jan
Colo
conv
Fuel
&
&
Colorado
670
4*1
"non-cum
17%
230
A°7t
non-cum
33%
34%
331/4
3314
33%
34%
82
83%
For footnotes see page 2203.
82
82
-
*82
4
4'/a
4
92%
"
34 Va
*33%
•
93
•
921/a
*32%
4%
92%
46,700
,
2.80Q
84
84
83%
pn
Feb
11% May
51%. July 14
10
July 6
36'%
4
Jan
4
Oct
18% Nov
57)4 Nov
17
...
Jan
25'%
Jan
4
5% Oct
47% July
97i» Apr
46)4 July
97%. Deo
31)4 May
2
6
Jan
Jan
*85
19
27
Dec
4'% Jan
40
50! a July 27
116% Nov 14
6
33
4
Jan
4
33
Apr
19
39
143% July 12
4414 Jan 12
31% Apr 24
151
96% Jun
3'%
Jan
5%
Apr
39%
Dec
16
32'%
Deo
May 13
127%
Jan
July 10
40'% Jan 24
40
Nov
26%
Jan
40%
Feb
120%
Mar
54
9
Jan
2
129% Nov
2
11
Jan
3
15% Jun
27
8'%
Jan
17
Jan
3
19% July
5
16%
Nov
147
Dec
54% July
Jun
103% Nov 17
113
1914
Apr 20
2% Jan 13
107
Jan
961%
16% Jan
July 11
4% July 5
23'
.
114
31
Sep
17% Jan
97% Jan
15
Sep
J.4% Apr
21
July
23%
Jun
3% Mar
111
8% Apr 22
20% Apr 19
3
Jan
1
13
Jan
25
11% Sep
8
3
Jan
37% Jan
4
*33
Jan
Aug
18%
28% Nov
7)4 Jan 15
30% Feb
15
15
May
'
3
Nov
Jun
Dec
8)4 Nov
41
Apr
Jan
7%
Jan
72%
Oct
16% Nov
Jul) 27
-
131
1
17% Apr 13
Mar 20
9
4% Apr 19
57
19%
Apr
July
32%
6
201% July 20
18.
Jun
24
109
Dec
34
July
18
48,
Jan"
50
July
11
44
3
30% Oct
18
Apr
19
6
33%
5% Sep
14
9'% Mar 25
2%
Jan
9)4 May
11% Jan
3
18% Mar 25
7%
Jan
17 )a May
4% Jan
3
Mar
7% Mar 22
21%
Jan
4
25% Mar 22
10%
Jan
21% Apr 25
43% Sep 14
15% Feb 24
29% July 12
65'% July 13
16 Va Jan
38% Jan
Co—_—-50
No
Feb
21% July 12
49% Nov 10
18
par
Jan
Oct
20
3
■/ 14% May
L% Jan
No par
6
7)4 May
217a
Jun
Jan
167a
Dec
15 Va
Jan
22
Apr
36%
21
1st
Nov
41% May
54
Clas>
Columbia
Gas
<
*
—
^
»»■
lOVs
Jan
/'
15% Aug
2
96% Oct
26
10
9
22
76
Jan
Nov
6
185
3
110
Jun
90,
Jun
45)4 Jun
Jun
74%
Dec
Jun
109 Va
Jan
19
28%
Jan
116% Aug
42% Dec
12
101V4
Jan
1081a
Dec
84
Jan
92%
53% Oct 17
50
Feb
54
Sep
Sep
33 Va
Nov
48% Mar
96
52% Mar 22
3
Feb
8%
3914 July
145
Aug 11
109
16
30% May
Nov
Mar
67
3
Mar 27
Jun
2% Jan
32 Va
123
5
115% Jan
37% Apr 20
Jan
38'% Mar 15
Jan
40
July
145
Feb
18
152
July 11
142
May
153
111
Feb
26
146% July 11
88
Jan
123
Sep
July
61
Dec
27
16 Va
Jan
108% Jun
7
*103%
Dec
109 V* Jul'
Sep
1
17%
Jan
28% July
114% Oct
27
59% July 17
23% Jan
6
103% Mar
2
25% Apr 25
109% Feb 29
33%
39% July 12
34% Apr 20
par
;
67% Jun
30% Oct
38
1
14% Apr
11% Jan
12 % Jan
Jan
6814
Oct
25
Dec
114%
Oct
13%
Nov
19% July
2'%
Jan
19
Sep
3%
Jan
19 V4
Sep
3
24% May 27
13
108
20% July 10
23% May 27
Jan
23
Jan
17%
-7"n
34% Nov 14
15%
Jan
26%
Dec
25% Jan
34% NOV 16
15%
Jan
26%
Dec
17%
Jan
5%
Jun
Jan
77%
Sep
Jan
73
Oct
2.50
2.50
par-
10C
85% July
3
10% Jan
7
-
*..•-— No
A
Jan
Jan
Oct
30
9
Jan
100
preferred—-100
*&ftElec_.
24%
67%
48% Nov
•
148
2nd preferred—100
Drpferred_ series
5
19
12
Nov
6% Jan
■
1
May
3% May
32 Va Apr
35% Feb 17
05
-No par
Br'd Sys Inc cNA
B
i
July
25'% July
5
25% Nov 16
No par
No par
—
30
98'% Jun
14% Jan
50
No
,9
6% Oct 25
May 29
77% Feb
7
.-1
stock
Nov
17)a Jun
24
92
•
*82
6%
Mar
Jan
Columbia
1,500
34
4
92
12% July 12
56% Nov
"
4%
93
3
97
■-
Southern
100
18%
4%
38
42% Apr
4
6% Feb 19
100
ln%
93
Jan
4314 Jan
par
1%
34%
29%
Jan
preferred—
18%
4
5
Jan
Iron Corp—No
*16V2
34
Anr
27)4
106
Alkman—
17%
92%
42% Oct
Apr
Jan
8
8'%
1—
18%
4%
7
21% July 1031V2 Sep
5
Mar
13%
7% gtd—50
A
18%
93
19%
33% Jan
Molybdenums
*16%
33 'A
*13% Nov
3
———.—100
Pitts RR Co
&
18%
4%
9)4
99%
(The)
Bronze Co
17%
33%
Dec
46% July 10
13% Aug 23
$4.50 pfd
Ilium
preferred
*18
91%
6Va
15% Jan
23% Feb
:————100
preferred
*16%
34 Va
6
114'% July 13
—
17%
34
1% Mar
7 )4 July
4
Corp—.
19
34%
56
Jan
4
Co
Copper
18%
34
30% July
Jun
%
Apr
17%
34%
Jan
52%
28
Jun
18%
33%
22%
8
1V4 Jun
9
May
5
56% Mar
4
% Jan
Dec
Collins &
1,700
Apr
25% May
15%
5%
-
Jan
18
19
.
30% July
1
Dec
19%
v,
3
Sep
Jan
17%
if
16
18
Apr
Jan'
19
19%
25
Apr
5%
18% July
83%
13%
19
*18%
Jan
65% Nov
11 Va
17%
19
Jan
8
23
1,663"
18
2%
9%
3% July
16% July 10
93
Oct 17
,
Oct
48/
1,100
'
Jan
19)4 July 10
Class
118
18
17%
18%
18
34
33%
33%
34
33%
*115
117
?4
,
May /
Jan
'
'
'
20%
10% July
29% Nov
Jan
Coigate-Palmolive-Peet_
$4.25 preferred
2,600
•
Jan
53% Feb 24
———
■
5%
24% Jan
.—No par j
Cluett Peabody & Co—
No par :
Preferred
-100
Coca-Cola Co (The)4———No par
400
*135%
136%
136 %
*63%
36%
151
49
57
CiuiittA
6,300
75
Jan
Jan
Special
33%
36
35%
63%
56
6% May
Jan
20
Jan
5%
Clev
Jan
21%
Oct
13
Clev Graph
60
95
33 %!
148%. 148%
136%
63%
10
*52%
%4
63%
136%
63%
Clev
400
Jun
41
2% Apr 25
6
153a
27% Jan
'
36:
36%,
170
42%
*93%
.
54%
33%
149%
136%
95'
*52
33%
33%
*106%
14''
.
5
Jan
47
5%
:
.
107V4
*42
42%
107
'■'93%
94
56
112%
42%
42%
*42%
.
112
112
112
112
*42%
8
12% Apr 18
67% Jan
3
Ice & Fuel—
—No par
City Investing Co new-—No par,
5)'2% preferred——.—,—100;
Clt) Stores
—,—
—0
Clark Equipment
No par
C. C. C. & St, Louis Ry. Co.—100
130
10%
1
Feb
/
i
4
76
'
•
•
;Apr
1
Mav 26
,5V4 Mar
6
-
Nov 13
93
Jan
'
<
40
Oct
37
%
'
70"'/Feb'
84
'
18
'
Oct
2%
30
Jun
109)4
105
12% July 12
31% Nov
3
4
20
!:
31%
May
9%
•
65% Nov 17
76
8% Jan
28
Jan
20% Jan
9
6% July
3
Jan
43% Apr 25
City
1,500
.
*4/ %
■
.
Chile
15% Jun
3
54
,:..i
24%
39% Nov 13
110% Mar
Apr
18% July
Apr
35% July
2914
No par
10
No par
25
5
Chrysler
15,500
87%
Nov
pf ($2.50) cum div—No par
tchllds Co—
4,200
4%
4%
*26%
28,
87%
Pr
Jan
16
23
Chicago Yellow Cab
Chickasha Cotton Oil—.;
400
15%
20'4
21
100
110
14)4
41% July 17
25
Apr 17
12% Jan
20
24
22
May 12
27% Jan
Oct
20% Feb
4
19
107
6%
11% Jun 29
108
Chicago Pneumat Tool
$3 conv preferred^
;
16 I
16
Chicago
1,600
49
56%
16
12% July 8
7514 Oct 18
:
Jan
Co__———5
—No par
Order
Mail
-
3
-——40
A——
1,200
/
49
s
■
56%
L
14,300
3
19
-5 °tc
31,100
.
Jan
July
Jun
1014 May
preferred
4
—
50
Chicago & Northwest'n w i—No par
5 %
preferred w i
100
49%
13
42% July
2014 July
No par
Chicago Great West RR
28%
Jan
118% July
,—--5
4,700
28%
29%
—100
:
2,900
50
18)4
16
Jan
par
5%
2^Va
Jan
Jan
Chesapeake Corp of Va—
-5
Chesapeake & Ohio Ry——-—25
Chic & East 111 RR Co
No par
Class
Jan
9%
Jan
31
par
23 Va
5%
28%
*15/'
*27
90%
89
47%
v
5%
:
.19%
*48%
•
46 %
614
'.
)'a
19
~
56
16
13%
50%
19%
*56%
40
*12%
37%
l
3
'
18%
,-*15
*39)4
13%
23'4
29
50
39%
5%
28%
19%
39 y4
,*12%
preferred
Cab Mfg
23
4
No par
Checker
2*V4
29%
51%
6%
400
5%
28%
20
360
23%
23%
19%'
1,600
23'
4
16% Sep
preferred—i——100
—
53% Oct
6%
17
—
Champion Pap & Fib Co
28
114
5%
•
5%
22%
19%
6
prior
44% May
July
104%
Copper—^—No par
Products——
—1
Chain Belt Co;
600
19%
*113%
114
6%
44
18
Pasco
Certain-teed
13,900
870
22%
5%
23%
'
.50%
113%
Cerro de
1,800
Jun
30%
Jan
7
7% Apr
100
Co
Apr
Jan
33
July
11
Mills—...—-No par,
Century Ribbon
100
:
125
28
28%
*23
■
7'/a
*19
19%'
47
13%
14%
5%
23
5%
19%
11
31%
7
124
13%.
6
6%
7%
126)4
39%
46%
6
7
28
*12%
47
*31%
31%
125
113
;
39%
*12%
*10%
19%
27%
113
113%
11%
31%
4%%
Lt
111
12%
20%
50
13% Oct
•
No par
*
1
preferred—100
Co
Central Violeta Sugar
900
•
Foundry
tCent RR of New Jersey—
1,000
25%
*25
7%
19%
,.
29%
27%
*113
26
*10%
.
10%
10%
10%
126%
7%
19%
19%
30%
*113%
..
31%
31%
124
124%
112
25%
■
112
112
10%
11%-
*10%
7%
123%
*111%
-
25%.
25%
31%
7
126
:
11%
31%
7%
7%
124
*10%
10
9%
10%
26%
;
112
112
112
9%
26%
11%
11%
4%
8% Nov
44% Aug 23
,
125% Oct
—————20
preferred
5°co
800
Nov
3
Central Aguirre Assoc--
4%
18%
18%
NOV
6
-No par.
13%
Dec
14%
45
5% Jan
47% Jan
preferred———100
2d
7 %
38.%
Jan
Jan
10
Celotex Corp..
Apr
8% Jan
Celanese Corp ol
103 Va
16
July
20
5
22% July
116
Caterpillar Tractor
34%
102%
13
39% Jan
-No par
Amer_.——Nn par
$4.75 1st preferred——No par
48%
:'125 %
4
14% Jan
————100
34
126
14
————50
—
47%
103
Oct
.
11% Nov
31
12% July
28
Jan
40% Jan
par
—No
4
Jan
39
—-I.
"
;
8% Jan
Oct
27
27% Jun
34%
126
Dec
Jan
18% Oct
Preferred
July
28%
Co——,———-5
220
.103
6
—10
4 % '/o»preferred _———--50
Carriers & General Corp
— 1
Case (J I) Co—
—25
1,300
35
Oct
53
Ohio Ry—-100
&
Carpenter Steel
Carrier Corp
1,800
■
117
45.
Oct
3
21% Aug 25
No par
——No par
47%
33%
128
$3
1,000
147
35%
7 47
47%
34%
48)4
34
56%
5%
148
*147
147
147
147
35
34%
34%
35%
34%
147
148
56%
5%
*5Va
8
96% July
1
Administration
preferred A
120
17%
3$-
I?,y———25
L
*—No par
class A—1
Pacific
700
32
17%
Jan
3
———No par
Capital
460
116 %
17%
17
7
Co——
Mills
Cannon.
500
1,500
48%
116%
•T :
21
40% Feb
—
Packing-.
preferredZinc-Lead
Canadian
10,200
57
18%
57 %
5%
5%
50
'
18%
5%
\
;vir
9%
*31
32%
57%
5%:
Jt v
4814
117
*31
17%
5%
49
9'
48%
*116%
31%
31
9%
9%
■
32%
*32—
2,500
10
■/
■
9%
1,200
43
*47%
43
Sep
——-1
Calumet & Hecla Cons Copper—5
Campbell W & C Fdy
;—-No par
Canada; Dry Ginger Ale—
5
Canada Southern Ry Co
—100
5,900
r
29
29
28%
28%
*42
9%
9%
10%
49
28 %
42
6%
19%
42
29%
28%
*42
6 '/a
19%
;
48
Callahan
3,800
•
26
109% May
conv
5%
51
33% Jan
12% Jan
California
26%
56
Jan
37% Jan
200
26%
27%
1
56% May
Nov
38%
4
6%
100
*55
Jan
85
55% Sep 29
Feb
39
400
*26%
41%
95
Jan
21%
%
52% Jun 27
19% Nov
5
26
Jan
Jan
88
88
2114 Mar
2%
500
*21
Nov
26%
3 %
21%
9
11%
41% July 17
7% July 3
13%"
88%
100"" July
3
13%
'
Jan
3
*3%
21%
76
34% Jan
3% Jan
3%
*88
Jun
7
30
13%
,
19 % July
19
11
Jan
3%
14
Jun
Oct;
22%
13%
3%
*3%
*13%
Jan
19% Mar
1114
109
12% Jun
preferred———.—30
Butte Copper & Zinc
—.—5
Byers Co (A M) —
—No par
Participating preferred
100
Byron Jackson Co—-——No par
5%
Jan
9%
Dec
40
"
88% Apr 18
46% Jan -4
.
100
13%
5
Jan
X19% Oct
45
Burlington Mills Corp— i—.—-1
5% preferred —
—100
Burroughs Adding Mach
No par
Bush
Terminal—
1
6% preferred
.—100
Bush Term Bldg 7% preferred—100
Butler Bros—
———10
6,000
Jan
Jan
6%
14% Mar 14
—5
100
»
Forge
20% July
121% July
34% Nov 17
Bulova Watch—-;—— -No
3,600
14
13%
14%
4
27%
16
5
9
69% Apr
Jan
3
—
Bullard Co—
900
39%
38%
-
Buffalo
700
18%
2
77%
61%
.
,18%
Bucyrus-Erie
*109%
6 %
*75
78
*75
77%
13%
6%
6%
6%
6%
76
61.
14%
14
14%
14%
'
*109%
*109%
*108%
.14%
14%
,
;
20 Ms
20 %
21
21
18%
Jan
16
51% Oct
!>ep
93% Mar 14
;
—
10%
125
1.1 % Nov
Co—No par
Bruns-Balke-Collender—*—No par
Brown Shoe
10
*123
20%
*109%
i
10%
125
9%;
10%
X37%'
900
20%
19%
40
51
*48%
20
21
39%
100
2,200
51
*48%
19%
40
11,800
48
22
'
21
39%
11%
37
*47%
3
•
Jan
>Nov
110%
15
—-5
*
Co
Ifo preferred—
Budd (E G) Mfg
$5 preferred
125
125
125
10%
■73%
10%
51
4,200
36%'
11%
37%
25% Aug 30
7% Jan
(assented)-100
Bower Roller Bearing Co——
5
Braniff Airways Inc—
2.50
Brewing Corp. of America—-—15
Bridgeport® Brass Co—
No par
Briggs Manufacturing—
No par
Briggs & Stratton—
—No par
Bristol-Myers
Co——-——5
Brooklyn Union Gas.
—No par
53
54
3
Nov
la
'±juis-Warner Uorp
Boston & Maine RR
300
•
'%8%
*51
53
*51
53
*51
53
44
*43
Jun
8 la
20% July 15
66% July 11
127
28% Jan
(The)
Co
17
,
—-100
preferred
Borden
-4,100
42%
Stores
4%%
37%
•
*50
Bo'nd
1,100
•
20
24
No par
1——No par,
1
—
July
4
——5
& Brass
Ami Co class A—
Class B
116%
34%
18%
•
45
*115%
Aluminum
Bohn
Bon
120
..
37%
*5%
43%
19
19
51
34%
,
42%
5%
43 Mi
51
37%
37%
5%
50
Nov
38
16% Jan
preferred--—100
Boeing Airplane Co—i
—-—5
2,100
116'%
34%
39
*42%
34,600
45%
45
*115%
116%
*114
116%
17%
47%
93%
51%
51%
45%
45%
47
46%
*114
•17%
*46%
57
Jan
37% Feb
Blumenthal & Co
*92%
18%.
Feb
22%
6
21
2
Bloomingdale Brothers--—-No par
•
17%
54%
41% Oct
56% Jan
Inc——;——5
Bliss & Laughlin
'
13% Mar
56% Jan 24
28
115% Feb
par
19
109%
47%
46%
(tQT
No
—
19%
*19
*18%
*108%
93 %
17%
i7 v*
46 %
92%
Co.
20)4 Sep
4
Highest
$ per she re
per share
15% Jan
———
Steel
Blaw-Knox
Jan
17
$ per share
share
33% Jan
7%
900
per
Lowest
53% Apr 21
No par
——-—1
(Del)——No par
preferred—
——100
Bigelow-Sanf Carp Inc——-No par
Black & Decker Mfg Co——No par
Poods'
Bethlehem
1,700
10%
109%
*108%
109%
49
17%
Best
22%
19
*18%
94%
48%
47%
*107%
I0d%
■
19%
*19%
19%
*18%
*92%.
52%
47
*19
19
17
18%
94%
*51
20
*18%
50
49%
*93
*114
*19
*107%
2,300
"■
*22
10%
11%
Best
X46
22%
*47
■
**"T
700
-
477/a
.
'
$
pfd $2.50 div series '38_No par
& Co
!
i
No par
Pr
■
'
Indus Loan—
Beneficial
12,500
39
18%
127
126%
*126
127
57
39
18%
39%
18%
63
*125
19%
*55
38%
61
39%
18%
62
39%
4d0
*19%
38%
Lowest
Far
57
*55
Year 1948
Range since January 1
Highest
STOCK
YORK
EXCHANGE
Shares
19%
19%
19%
57
NEW
the Week
per share
y
$ per share
$ per share
19%
19%
*55
57
Nov. 17
Nov. 16
Nov. 15
Sales for
Friday
Thursday
Wednesday
$ per share
sfrare
Range for Previous
STOCKS
PRICES
SALE
Nov. 11
Nov. J3
$ per share
AND HIGH
Tuesday
Monday
2195
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4335
Sep
AND HIGH
LOW
Nov. 14
Nov. 13
Nov. 11
*
94%
93
19%
19%
48
40 74
47%.
39%
40
*107%
89 74
'89%
89%
89%
29
'29%
21
liu%
24%.
25
V4.
28%
■
98
"3%
12%.
20%
2oy4
20%
20%
23%
24 y4
24%
24 74
2474
*28%
29%
24%
'
-*29 -
98%
24%
107%
27%'
■
17%'
11%
11%
■29%
29%
16%
24%
■
17
■
*
'
'
11%
30%-
16%
r '
109%
109%
27%
27%
28
*
8
16% •17
38
10%
48%
48%
48%
8%
7%
46
38%
37%
37%
10%
11%
11
11
49
48%
49%
48%
49
7%
■
7%
28 %
15%.
45
53 %
52%
59%
19%
19%
19%
52%
59%
53%
53%
53%
59%
'
60
60
60%
3%
•
3 %
2.500
150
25%
25%
-
110 ■■/.
109%
110
109%
109% 110 ■ *
23%
,/ 23%
26
109%
5374
61 »;•
18074
140
6 '
26%
,*374.
26
12.700
-
/
20%
23%'
23%
28%
28 %
28%
27%
28%
7.800
35
35
35
35%
34%
34%
2,100
47
*47
20
20
103
103
'
80%
81
81
81
>25
25
24
15%
16%
24 %
*27% V 27% <
28%
9%
*2474
*108
15%
27%
111
8%
24
7
8%
874
7
,
7
6%
19%
is%
*11%
'
11%
12
'800
18% ;;
18%
18%
125%
60
674
48.600
•i8y4 51874
"
*
*123% 132
24%
24%
-
4.100
12
*12%
*22%
'2474
24%
■25
1.200
•'
'
'*22 %
;
,
"
15%
15%
25
*22%
25
15%
15%
15%
*110% 111%
*110% 111
15%
-15%
:111% J12
34%
34%
,7 ' 1574
.v
;34%
35 %
34%"
35
41%
42%
40
41
39%
35%
*35
36
35
34%
39%
*34%
35.
/
:
3474 "34%
35
40
'
4018
*34%
21%
21%
*21%
21%
*20%
21%
31
31%
29%
30%
29%
30%
30%
BVa
'7%
7%
7%
7%
7%
20%
20%
*21
21%
400
30
774
30%
7%
12,500
20%
31%
7%
2074
6,300
207a
7%
20%
"
20%
20%
2Q%
21
*62
21%
*21
*62%
65
•
*62
65
39%
x38
38%
37%
37%,
38%
38%
X32 %
32%
32
32%
32%
32%
32
32%
32
Z 4074
*15%
40:%
*40
40%
40
40
40%
40%
3974
15%
15%;
16
/'
15%
34 %
33%
"?•! ?10274 103%
V,
T. 18
v
47%
15%
.
33%'.
32%
*102%
18%
42%
.
103%
18
18
47%
47%
42%
21%
22%
•
*17%
42%'
23%
32%
*102%
47%;
43
*15%
33%
33%
17%
18
461 a
47 "
42%
*46 %
42%
68%.
67%;
65%
•
:
-21%
:
;
''.65%.
124%
1574
1534
700
33s4
34%
6,700
103 74
103%
17%
600
47
■■
124%
124%.
124 V4"
"112
112%
44%
45
46 %
14
12%
13%'
12%
12%
12%
17
16%
16%.
.*16%
*16%
17;
17
154%
155
13
37 y2
16%
169%
.
189
*186.,
48%
:
*16 74
12574
115
230
13
36%
16%
169%
189
169
*185
48%
*114
48%
■'
14%
102%
*105%
188
4
11%
*20%
11%
12
Duplan
Corp-
Jan
17
3674 May
9
2174
Jan
3574
83'%
Jan
26
Jan
37
v jan
42 74
100
Nov
May
Oct
Dec
Apr
14
10474 Nov
3
1574 Jan
3
2074 Sep
20
10
Jan
16% July
4374 Jan
5
48
Aug 28
3874
Feb
45
July
36 74 Jan
4
45% July 10
2274
Feb
34
Dec
2774 July 12
2
72'% Nov
15%
Jan
2574
44
Nov
73 % May
,
No par
—1
8 74 Apr
,
„
Jan
12274 Nov
5
*10674
16
153
Sep
May
Dec
10774
Dec
Jan
35%
Jun
5%
/
Jan
10%
Dec
1374
Apr
1174 Feb 11
137
Feb/7
,84 50
28
9
Jan
162% Jun
19
134
Jan
123% Jun
—..No par.
17% Jun
128% Mar 24
124
Dec
159 % July
130
Aug
.11574 Deo
12174 Sep
;6
12074 Jan
114% NOV 16
167
21%
12
25
3
18
7
171/
1.300
16774
'
' 188
>186
1;
Eastern Stainless Steel
1,200
Eastman
6%
.
4874
1,200
*20% ; 21%
1
11
1174
200
4874
4874
-4274
3,900
12%
5,200
5%
3.800
374
25,900
2,900
5%
5%
4%
5%
4
91%
91%
917 a'
91%
84%
84%
83'/2
84 %
84%
44%
44%
44%
44%'
33%
33%
33%
33%
18 74
1874
6774
5%
18 = 8
374
574,
3%
4
92
85
Bros
Edison
Feb
175
20
41
Electric
Autc-LJte' (The)
*67
106
13%
103
*102%
*103%
*33
17%
*67
67%
105
106
13%
14%
18%
*67
67%
105
*104
106
14
14%
14%
103
102%
103
10274
104
104
104
104
' ' 104
'106
106
105%
109
105%
103
Electric
74474
900
33%
1,000
18%
19%
20,400
67%
100
Endicoft
44
%
105
14
103
10374
-105
-
105
14%
103
50
27,700
220
El
Paso
4%
Johnson
preferred
Engineers
$5
Public
preferred
103%
180
$5%
10574
100
$6
Service
z—
preferred—
preferred
'
1
11 %
1
1
11%
•
11%
1
1
11%
-
11%
1
-11%
1
11%
1
1174
7,500
JEquitable
2,300
Erie
RR
Office
Bldgz
common——.
No
11%
"*Ti%
11%
'11%
11%
62
62=8
X61%
61%
11% ""11%
61
6174
1174
61
11%
61
9,000
Otfs
1.900
5^
of
benef
int.
pref series A_.
_No par
106
Jan
Feb
4574 July
19
Sep
3074
Jan
39 74
July
14
j
11
Mar
; ;
25
20.
874 Nov
13
174
Jan
174
Jan
572 July -.3
/
574 May
674 May
31%
Jan
92
Nov
4
2874
Jan
8874
,
Nov
4774 July 11
Sep
■,
4274
3374 Jan
23% Jan
X32
t
58% Ju
5
49%
Jan
3
101%
Dec
16 74 Aug
25
26
274
Jan
103 74 Oct
54
Jan
92
S
Nov
4
5774
Jan
92%
8
Nov 16
62%
Jan
96
D
%
Jan
Jan
3
105
10
106
103%
9%
D
S
l?/4 M
74 Apr
25
-174 Aug 10
9% Jan
974 Jan
4
1334 Mar 22
8% Jan
3
13'% Mar 22
8
Jan
16% Ml
4674 Jan
3
647a Oct
39%
Jan
52% Mi
19
•
Sep
10874 Jun
68% July
i
Sep
19% Nov 17
3
3
34% Aug 14
•
4
>
3
Jan
■-
par
Jun i
llTa
674 Oct
9 2 74 Jan
No par
-.No par
f
May
9474 Mar
874 Jan
89
184
99% Mar
19
87
170
13% Oct
-
13
25
*.
Jan
25
57 % Jan
No par
—No par.
<
Apr 24
10174 Jan
15
35
V
4574 Aug 18
'39% Apr 28
7
2774 Feb
"
*
.
3% Nov 17
78
—4.
50
100
Corp—;
16% Sep
4
81% Apr
Natural Gas_.
Electric Mfg Co
17
'
Battery.—Nu par
——3
Storage
Emerson
6774
■
Nov
Apr. 18
4
3% Jan
'
Jun 30 ;
2274 Sep 25
874 May '
Sep
146%
*173
5.
!;
1174
(374 Jan
Jun 29
Sep ;9
Dec
44% July
Nov
31% Jan
Oct
50 *
1
10
No par
No par
preferred—
$6 preferred
1,000
.
—
974
6
2
195
3
.
3774 Jan
11
——T_—_1
$7
Jan
1674 May
July
40 74 July 14
Jan 24
2
Bt.ore* Tnc
Nut Co
157
.100
—.4
preferred/—;
Eaton Manufacturing Co:
par
5
Electric Boat
———3
Elec & Mus Ind Am shares———
Electric Power & LightNo par
12%
91
Corp——u5.
Kodak Co—/—No
cum
«
Elastic Stop
4274
5%
4%
—
8,400
1274
92
14%
28
Apr
6% Jan
43%
17%
2203
874
10% Feb
12%
33 %
page
5
33
42%
44%
11%
Sep
,
Apt
33% Mar
Oct
1
Dec
35% July
17% July
95
de Nemours
P
48%
1,774 Jan
X2774 Feb 29
(EI) & Co—20
preferred—-—No par,
Duquesne Light 5% 1st pfd—.100
Du
Mar
40
42'
—1,
—
22% Julv
33
2
International—'
DunhlK
1774
10% May
Jan
11
No par
Dresser Industries
Jan
13% Jan
Easiern Airlines Inc.
12%
63%
188
48%
21%
15%
i6 y4
16774
*186
48%
11%
see
16%
167%
16%
iq9
63%
footnotes
9
July
Jan
38% Mar 31
Eagle-PIcher Lead Co———10
42%
33 %
108
8
43
3%
1
2874 Jun
Jun
2474 Sep
874
37
21% Nov
Jan
1674
July 10
974 Mar 22
3
2,400
12%
44%
102%
3
12
3,400
42 74
33 %
14%
20% May
3674
Ifi
13%
45
1%
•1 '•
11%.
5%
91
*20%
85
102% 102%
36% July
Jan
1374
v
4474
<
85
106%
*106
100
4,100
900
37
12%
18
9,100
126
13%
42%
67%
1274
1'55%
3674
13%
17%
Jan
12
No par
•
155
1274
44%
*67
Jan
29
5
19.
17
12%
13%
33%
26
2274 July
;
9
36%
12%
44%
4574 Jun 27
36% Oct
3
18
Aug 30
746% Nov 16
36%
21%
85%
10
'•1474 Nov
9,200
Jun
.;
3
113
*12%
12
85%
116
12
41 7h Oct
7
12%
44 %
■
Jan
10874
11374 Apr
.
■
1
6%
4%
19
21
46
774 Oct
19 Z Mar
Jan
7
—
Jan
Jan
12"
28% Jan
'
1274
46
115% 1
48%
92%
374
17
1674 Oct 20
10674 Jan
1
:
125%, '
21%
,
12% Nov 17
23% Oct 30
1
18
preferred series A—:
$4
400
.
114%
12%
y
2674 Jun
•12474
fI24
'11274 112%
'
125%
21%
6
119% Nov
Jan
131
115%
12
4%
Feb
1574
11474 Apr 26
125%
21%
92
96
—No par
115%
'
'
7,
27% July 17
600
125%
*186
'
48%
Nov
127
Oct
par
Sep
9% Apr
65
No par
———No par
Dow Chemical Co.
4574
24% Mar
41% Oct
;
Dec
Dec
Douglas Aircraft————No par
115%
169
,
Jan
5,200
126
12%
16%
170
17'
; 1 :
Oct
774 May
116
Nov
3274 Apr 18
"17% Jan 17
17% Jan
5% Jan
Jan
Jan
,
574
5
18% Jan
174
107
14%
4
36% Apr
Jan
10
12
6
Oct
Jun
100
10
2174 Apr 28
;
2574
26%
30%
Sep
Dec
Jan
774 Nov
,
114% May 20
21% Jan
2274 Aug
14% Jun
11574
1974 Nov
6
9
19% Mar 17
8274 luly
'
Jan
July 11
56
July
18
1174 Aug 31
140
Apr 25;
Apr 24
Oct
38
1074
29'/4 Sep
1
109% Nov 13
5% Aug 25
4-% Jun
Feb
Oct
17
Nov
105
12
2974 Mar 15
..
,4
14% Jun.
Sep
"6574
'
7
143
,
2174 May 12
47
May 13
36% ,37
16%
16%
13%
37%
Jan
25
Jan,
47
9974 Aug
Jan
Dome
155
I
974
*774
*66
5
Doehler Die Casting Co
154%
■.'■'
81% Nov 17
17% July
1,600
115%
.1*125% 126 '
"••>115% 115%
A
Jan
8174 Jan
27% Dec
f
2874 Mar 10
5,400
Mines Ltd-
Jan
1174
23 Va July
31
Oct
Jan
3
2274
156%
155
r
Class
Jan
4
10 /
42 '
12%
*16%
180
Co—
Cup
8
3674 July 10
4
22% Jan ;4
—100
/——INo par
5%- preferred
Dixie
9
1874
37%
20% Nov 13
104% Nov
;
•2274 Jan 18
25
Sep
May
274 May
10
5
Corp-Seagr's Ltd/-;—No
Distil
14%
Aug 21
4974 Aug 29
3
Diamond T Motor Oar Co——.
6
Jan
2274 July
Feb
;
Jan
U
108% Aug
23% Mar
29% Jan
preferred
partic
274
Jan
——No par
Match™
.8%
Apr
6174 May
18674
Jan
47
126;
158
,156%
112% '
Jan
52
47
Dec
Jan
42
'65/
43%
*112
Jan
.;
Jan
95
9
110% Nov
Jan
53%
1674
21%
■
66%'
44%
125
112% 112'%
Diamond
37
173
Apr
Aug
1774 Aug
Dec
<3
15 74 Feb
•
15
53
1374
11
9774 Jan 20
1374 Jun
Jan
"Jan
45
39
41
7% May
3774 July
2774 July
X974
'
28
Oct
2972 Nov
.
49%
Jan
Jan
25 74 July
2774 Jun
111
3
97
Sep
Jan
3 i
Jan
Jan
Jun
Aug 18
3
101
1574
1874 Jan
7
1
—20
Reynolds A
/
5
47
■:■
66
43
124%
'
J
42
12%
/
.
2174
44%
,
Delaware Lack & Western
/.
18
5
Jan
4%
18474 JulylO
774 July 6
6
s
5
Oct
54
;
Jan
.
Jun
22
6134 Oct
10
Jan
11%
4074
2574 July 12
3
28
112
2374 Jun
2574
;
July 31
52
16% Jan
Detroit Edison—
Devoe &
Jun
1374 July
4
173% Apr 29
Jan
3
5
No par
20
-—10
100
.—50
Hudson—.;—
Delaware &
500
1774
17%
126
113
900
34%
42
66
1,300
40
16
*125..
*112%
; 43%
,
,
/
32
21%
22
1,120
1974 July
Mar 20
69
107
Sep
30% Aug 18
28
I
Jan
7
46
45.
Oct
Jan
Jun
24% Apr 19
12% Aug 12
20
,
3674
38% Feb 29
1% Jan
;..!
Dec
110%
5
52% Apr
Dec
47%
Jan
49% Nov 16
4474 Jan
1874
x474 Jan
22
.15% Jan
j
Jan
13% Mar 16
16
10% Jan
Aug
74 Jan
874 Oct
47
16
26
33 74 Jan
.1
i
f
27% Mar
96
3
No par
—
21% Mar
27
14
-
Deisel-Wemmer-Gllbert
Nov
474 Jan
16
Mar 10
10
43 74 Jun
5% Jan
Detroit Hillsdale & S W RR Co—100
:
38%
38
103 %
103
103
<
.,■•/ 22%
/..: 67%
'•VI
65
*6274
65
66
39%
*62
/
.
6.400
:
{
89f
?
19
26% Sep
No par
—
Preferred
500
3474
Oct
29%
7
11274 Aug 31
5
10
Alay 24
41% Jun
T
preferred
Deere it Co
5.^0
40;
39%
34%
35%
10
74 Oct
2774 Feb
Decca Records Inc——
1.500
j
|
8
3374 Jan
21.
Sep 28
29
'7% Oct 30
3274 Feb
—8
Davega stores Corp—
.25
5% preferred-;
Chemical Corp (The)
1
Dayton Pow & 14 4% % pfd—100
f
Sep
9 74
11074 Aug 30
15
105% May
Davison
50
113
*111
112
112
'
'
Feb
20
——
3.100
1574
51
102% Jan
preferred—
—-No par
Prior preferred™
——No par.
Curtiss-Wrlght
——
1
Class A
—1,
.Cushman's Sons Inc 7% pfd—100
Cutler-Hammer Inc.
No par,
25
*22%'
'
15%
;
Jan
45
$7
"
'
-
'
I
July t|
3% May
19% May
1774 Nov
1774 Feb
.14% Jun
-No par
5
No par.
Curtis Pub Co (The)_L_
1.500
1274 -•12%
■;
12%
25
132
123 74
24%
11%
'
674
6%
*22%
%;
12
6%
54
125%
125%
'
:
132
■
'..24%
24%
24%
124%
6%
18%
*123%
132
*123%
24%
24%
54
125
6%
'
18%
18%
132
*123
125%
125%
-
-
55
55
54%
54
*125% 126
7
'7%
53%
54
105
24% Nov
4>
%
——(,—100
Cudahy Packing Co—
30
Cuneo Press Inc—
—5.'
.4 74 % preferred
—100
21.700
'
.
2474 July
Jan
Jan
Jan
20
10
2.500
10 f
;
"
RR
7%
J
74
10
11% Feb
200 <
111 <
*108
8%
8%
/'
-
*2774. '2874
27%
111
*108
9
55
:
23%
24
27%
1574
j
6% Apr
91% Jan
2574 Oct
i'20% Jail
Cuba
Jun
2474 Nov /
1574
4 ;
19% Oct 30
preferred'—
—.—300
6%ipreferred——100:
5%
460
19
18% NOV
Aug
Cuban-American Sugar————._10.-
1.100
Jun
25
73% Dec
<
12
9.800
7
;
'
146 * '
*141
150
23%
81-%
25
15%
15%
15%
*141
23%
*53%
9%
8%
..
8174
24%
27%
111
*108
10912
81%
24%
July '•
11
Jan
Feb
No par
Crucible Steel of Amer-J
10.500
Dec
-
Jan
274
No par
Corp.—.
27
10%
1874 Jan
7
preferred-
Jan
774
1174 Jan
20
$5 conv preferred—"
174 May
17% Jan
;
5.
32% Oct
18% Feb
Zeherbach
Crown
150
■
36%
3574,
81%
150
400
3.600
103
103
103
24
■
•'
23%
24%
24
.
36%
*140
"
20
36%
15%
16%
150
*140
142/
'
4874
20%
*4774
'
i 81%
*81
26
103
49
20%'
36%
35%
36
'35%
47
20
103
103
.
"
48
20%
44% Jun
16
July
•
82
1374 July 19
Jan
24
of Wheat Corp
$2.25
/
674 Jun 27
3074 Nov 16.
t-
104% Jan
Crosley Corp (The)
Crown Cork & Seal™
23%
28
35%
9
108% Oct
—25
Cream
28%
25
*125
13
1
—
conv
1.800
23 %'
20
36%
5%
16
:
preferred--.——100
(The)-——2
Co
Crane
:
390
23%
s.
Jan
Jan
3674 Jan
>
23
7% Jan
25
Corp—
Jan
3a
'
27%
Oct
.
-
Internal
Coty
10974
23%
*47
*48
103
16% Jan
.'
—100
—
10974
23%
28%
36%
——-
109%
23%
29%
Preferred
4.400
35
28%
5
pfd—No pan
Refining/
Products
Corn
';.
21%
Jun
<
25% Oct
15
3.800
374
6
-
540
.
16
July
44 - Jun
107% Sep
**
—5
Continental Insurance-:
_$2.50
Continental
Motors
—1,
—5
Continental Oil of Del
/Continental Steel Corp—
—No par
Cooper-Bessemer Corp—4——No par
$3 prior preferred
-—No par
Copperweld Steel Co
5
Conv pref 5c/o
series™—
50
Cornell-Duoilier Electric Corp
—1
Corn Exch Bank Trust Co
—20
3.600
18074
26%
.
3.200
6074
3%
3%
26
1974
5374
,
674
*6
3%
3%
25%
3%
9
230
;
11%
50
19%
181 %■;
181%
6%-
6%
6 %
6
26
109%
46
*49
50
*49%:
700
2.600
15
1178
11%
11%
'
181
,180%
182
*180
" 180
6%
"27%
15
46
11%
49%
19%
53 %
59%
*2774
46
45%
11%
49
20%
24%
27%
46
*45%
74
59%
16%
28
10.800
*27%
20%
.142
17.700
*15
12%
2.100
7%
28%
2874
15%
50
;;
774
277-4
'
35%
23
Diamond .Fibre
Continental
21
28
v
974
July 15 ;
4% July
2% Jan
InC—-———20
Can
29%
41
Jan
9974 Nov 14
21 Vb Feb
,
of America——20
Continental Baking Co/
..-No par
8% preferred
—100
Continental
2.100
Va
8
7%
27%
19%
36
37%
10%
:-!
<
3.500
Jan
10474
"
Container Corp
300
>
Pow $4.50
Consumers
25'%
16
'3034 Oct
,
,102% Jan
par
——
4.200
-
38
15
20%
:*102%
108
10%'
■37%
27%
11%
"47.
*107%
-
2.800
774
7%
77 s
108
27%
*49%
'20%
7%
*107%
15%
53
/
7%
108%
28
12%
3%
27
9574 Jun 23
i 374 Feb 17
/.—No par
Consol Film Industries—1
;
$2 partic preferred—_—_No par
Consol Laundries Corp.:
-4-™5<
Consolidated Natural Gas„——15
Consolidated Vultee oAircraft™—1
,' $1.25 conv pfd:
—No par
Consol RR of Cuba 6% pfd——100
■; Consolidation Coal Co™-—-i—25,
$2.50 preferred
—50
430
2774
28%
49%
6.400
y,
11074
2774
27%
12
v
109%
8%
49%
7
300
27%
15%
/
"
110%
45%
16
25%
51
27%
28
6
1774
17%
27%
28%
180
1674
51
5.200
16%
17 V3
51
27%
49
8%
46
16%
16%
51
17
*110%
10%'
15%
1,300
27%
7%
39%
11
28
16.400
48%
39%
28
V
16%
108
11"
r
24%
110%
7%
39%
''
17
.1674
y
24%
27%
109
*108,
6.000
24 %
".2974
29%
29%
»
109%
/
"
; * 7% i
•;
110"
.„
3.200
1174
30
51
*50%
109%
5. '"?%
nos%
"
10.300
■
X24%
17
■16%
1674"
51
*50
27%
1174
23
Jan
19
2974 Nov 13
'•20%Jan4lO
$
$5 preferred
;
6.500
-
24%
16%
1874
16%
,51
'■■; 109%
\
•"
16%
16%
16%
"50
12
N Y~—-No
Consol Edison of
1.600
29%
-
16%
24%
-
24% f '
24%
18%
17%
.
29
874 Feb
21% Jan
No par
No par
\
$4.75 preferred
:™i-'—No :par
;Consol Coppermines Corp__
^—5
98% July
19% July
Jan
9
•
.1% July 13
90
Oct 18
.
$ per share
Jan
18% Jun
3
•
•
*
.
30%
3
Congoleum-Nairn Inc_
28.800
6 "
6
29%
'
-
7
2474
6%
6
29%'
12
374
.
310
5.800
10774
107%
%
Jan
79'%
3074
Oct
50 %
.
f,
24% Jan
23
Consolidated Cigar-,—
900
'
29%
27%
107
10774
6
5%'
5%
3%
24
24%
24 %
"
3.800
108
% Feb z;i
79
Conde Nast Pub Inc.—(—No par
800
,
■
.
98%
9874
3%
3%
241%
107%
18
'
•:
;—~-No par.
Edison Co
Commonwealth
9,000
y 28%' *"2874
29 V4
98%
3%
3%
24%
X1174
1
30%
16%
24%
*
20%
"
98%
98
•3%.
'
.
■
107%
*5%
12%
29%
20
■
$6 preferred eferles
2,700
28%
107%
28
<
•
28%
124%
27%
27%
28'%
"
'5%
-"5%
■'4
•
8974
28%
28% m-
3%
3%
24% '25 f
107% 107%
,
-'■ 74
•
28%
'99%
98
■
53,000
%
'
89 74
-
15
14 Va Apr
Commonwealth & Southern—No par:
:
i.j
43% Jun
3
11
Commercial Solvents———2V'o par
89%
17
40% Feb
10,400
89%
23
Nov
48
Feb
No par
'5,500
15 74
28%
;
I
Comm'l Invest Trust—
42%
»
•;
■
2
22 74 Jun
25
37% Jan
15
I :i
93% Nov
105
,—100
preferred-
conv
4274
15%
3'
89 74
24%
i
f28%
29%
98
v'"'
15
4%%
14
Feb
39 % Jan
Highest
$ per share
$ per share
share
1674 Apr 24
84
par
No par
preferred^
No par
Commercial Credit™——™—10
4,700
89
20%
24%
•
39
No
Co
Pictures™
$2.75
108
43
43
15%
1*
38%
*107%
108
$ per
Par 1
,
Carbon
Lowest
Lowest
'
'
■
Columbia
200
39%
39
*107%
43%
.
28%
'
108
"
%
20%
-
1,300
48
48
48
i.
Columbian
300
2074
15
15%
15'
15%
U
.28%
9374
*20
42%
>
-43%
43
15 %
1
*93 "
20%
*47%
39%
39%
108
*107%
*107% 108
43%
43%
48
*47%
47%
40%
*4774
94%
19%
19%
1974
'
>■•
*92%
•
93%
19%
92
Shares
Year 1943
Range since January 1
Highest
STOCK
EXCHANGE
the Week
-
f per share
$ per shar«
f per snare
per snare
*92%
92
19%
'
3
per snare
3
$ per snare
Nov. 17
Nov. 16
NEW YORK
Sales for
Friday
Thursday
Wednesday
Nov, 15
Range for Previous
'■'■■;
STOCKS
SALE PRICES
Tuesday
Monday
Saturday
Monday, November 20, 194,4
FINANCIAL CHRONICLE
THE COMMERCIAL &
2196
i
16% M;
LOW AND HIGH
Saturday
.j
J
j
$
5
•
per mare
12
i
"84%;
88
17
42%
43
88
11%
11%.
16%<
15%
15%
42%'
41%
42
*4
40%
r24%<
12
25
40%:
39%
33%
"
12%
39%
-
:24%'
•12%
12%
'
1674
104
1274
a.
,
21
»
:2314r •
,20%! •21%; ;
-8%?r
•f(
8%
23
9
21%
V
9
,
f, 28%
*102%
;
.
.'28%
28
28 Va
■
*102
103
7
*20%:
::
■.
•
i
•'
52%
52%
53.
53
52%
4%
40
51%
28
*107
107%
107%
*43
44
A
22
r
f
52
*109
:: 39%
22
'«■
'44_
22%"
•
r
113
39
30%
;30%
6
6%
44 %
44%
*43%
15
*14%
*60
25%
*60
62
26%
23%
23%
;
--15%
.16%
16
*104
110
110
24%
77157V
16% (
15%'
:
32%;
39 •;
32 7t
114%; 114%
114%
11474
*5%
5%
4%
4%
*31%
3874
3274
.;
11474
=
.
..
1,100
674
170
-
15
300
*5974
6074
100
2574
15,700
-16
*104
32
3974
110
r
'4,-400
.10
.;
•:
32%
•
-
3974
1,000
1,400
230
11474.
xll4%
A
'
16-
<
.a
*39
.;
100
2474 :.
*24
v-
16
115
200
4474
110
11474
3074
'
1,100
24%
2474
.39%
3874':
3974
-
•*1474
-
-
/4%%.-preferred
First
Apr
23 74 Oct
13
13
Feb
18 74
Dec
,2274 Jan
3
30,-
Jan
Jan
Jan
>38% Feb
10374 Apr
25
V5%
4
par,
34% Jan
13
No par.
2474 Jan
1574, Jan
Jun
NOV
6
2574- Jan
36
Jun
a
19% Jan
28
40
■
Jun
,
1574 Oct 21
6674 Jun 22
3974
2674 NOV 13.
1074- Jan
1974 May
16%. Jan
21
1
5
4
Co.^..^.*.—...1
2974 Jan
Mar
Nov
24
'
14
13
Jan
15
3
■/
3674 July ll
4
:t
42
Oct
Apr
2% Jan
3
2% Jan
12% Jan
4
50
31
Sep
Jan
Feb;
-
July
Dec
1374 July,
54
Dec
May
1574 Dec
75
Sep
17
Jan
3174 Jun
274. Jan
5
38 74 July
4% Jun
474 May
14% Oct
5
July
Feb
9 74
53
29% Dec
% July 12
116
18
974 Jan
574
1774 Sep 26
1374 Jan
110
3% Jan
,
.3074 Jan
103
Jun
22 74
July
18
..100
3974
3074 Jan
Jan
4% %; preferred
'31% Jan
5
Jan
.
3
7
16
Fruehauf. Trailer
Jun
July
58%
11% May
70
43
109
v
53 74 Jan
•
2574 Jan
Nov
1974
60% Jun
9
20
Corp.....
98 74
Jan
'97TW Jan
574 May 16
43 74 Aug
prior
Jan
12% Jan
3174 Aug
874 July-
10
6%
Apr
2574 July
14
3
preferred
——25
Francisco Sugar Co.—v——No par
F'k'n Simon & Co Inc 1% pfd_..100
Freeport Sulphur Co....;
10
Foster-Wheeler
Jan
,42
44
Aug 31
26% Jun 19
13
preferred—:.....™10fl
Food Fair Stores Inc..
**-1
Food Machinery Corp
.10
674
10974 Oct
104% Jan
conv
Jun
109,
4
1874 May
Jan-
7874
30
2774 Aug 21
5374 Nov 2
53'/a-Nov
9
3,
,
3%
105 74 July
13
103 74 Oot
5
3574 Jan
Steel Corp....—..._10
Follansbee
4
21
8
pat
Aug
Oct
27
Florsheim Shoe class A...
1974 «tuly
1074 Aug 18:
17
CoJ...-.-,..-No
■6%. Jan
Mar
May
1174 Nov
4
,preferred..i„....p-.No par
Florence Stove
28
Nov
8% NOV
Jati
45
No
42
21
Apr 24
..No par
(The)—
30% Nov
13
29%
,93
National Stores-i.—.
Fllntkote Co
•$4.50
6 74
.3174 ./3174
11474
:f
4,900
4374
,
,
2574
*104
;
•
)39%>
•*30
-.15.%..
...
200
•
113
-*3874
1474
<
-700
•>-
«>iu>
Dec
^$2.58
Firestone .Tire & Rubber..
'
2174:
*109
67^
*24
•4,700
Jun
%. Jan
Jan
,.1
Corp_^^._,
Jun
74 Mar
18%
......100
1,'lUO
44%
Enamel
29
86
5-;
No par
Fidel- Phen Fire Ins N ,Y>.
Nov
23
105
...25
Ferro
1474
24 /'Jun
17
preferred—._j_.1O0
conv
1.-600
107
v
3074
,,•"■2474'
„*104 V! 110
110
32%
40
25 74
107
x2174
4454
4%%;
460
Stores...^
52 74'
39
14%
25 *
Federated. Dept
Nov
974
20
1774 Feb 24
18
share
78
374, Jan
,
26% July. 17
147a. Jan 17
19% Apr 26.
...No par
5274?
7' *4374
*5974 ,;6074
.
2,000
-
3.
Jan- 21
100
"
2
Federal-Mogul Corp_»»»>>»—5
Federal Motor Truck..
23*
'5274
'»
•900
%
3
18.
Highest
per
374, Jan
5
42% Oct
33% Jan
.1474 Jan
.68% Jan
474 July 14
21% Apr
974 Jan
Traction—
15
No par
2,000
103%
52
227a
•:
25
Federal Mln & Smelt Co»»
2874:
-
,23
:r,
Federal Light &
$6 preferred
50
87a
*102
■'
.6%
6074
28
•a
447a
•
14%
*23%
*
;
40%
X32%
4474
14%
24
39
,
74
113 V,
*
*29%
30% 67*
,6074
i
.
26%'
24%
v
,674
7
>24
*109
44%
,•
15
61%
39
3074
44%
*14%
113 V.
2% Jan
44% Oct
.—.20
Fajardo Sug. Co of Pr Rico
•3,600
21%,
874
4374
.22..,
227V
\
*109"!'
r.- 39
,
.
%
*6%
.
•,
■
3
Farnsworth' TeleVls'n & Rad Corp.l
800
•2474'
*21
- 107
4374-
.
•16%
104
-24.%
5274
107
..
10,000
-
53
5174
44,',!.>
2174
'
t
39
r
31%
*43%
1,800
12%'
2374
,.53
107 74
10774
.
108
,
*109 .::
1
40
*30%
-v
.44
22%
113
.
'
*
24%"
1674
10274
,;23%
2174 Jan
18
No par
Fairbanks Morse ft Co-;
"2,100
40
'
9
:
share
per
8474 Aug 24
1374 Oct, 4
1774 Nov 10
,
19
.>2.50
Corp—
Exchange Buffet Corp
•■
~
2174
Ex-Cell-0
3,300
/
104',
,
■
i
,
*24
,
12
24,74
.
15
674 Apr
974 Apr
Co..,.—.
Products
Evana
1.4,000
*39%
•A
',
1674'
104
'
■
=
1274
■
2,600
78 lh Feb
5
Cleaner-:
Lowest
,
I per share
9-per share
-
24%
r
102
v
53
\
53
52%
53
-2374
53 i
r
*4%
28%
'
2374
■i
"
42%
874
••
10274
10274
'
*24
23%
24%
.24
24
.
2874
>
2874
41%
*21
8 7a
;
t
"16%
21
874
15%
,
4%
*10274
•
2 3 74'.
7
-237V
r-
r*
102%!
104
1027o
;■
15 *)8
12%
.
* 16.74 ; 1674
;
*
104
*102%
'"22%
r22%
16%;
16%:
%
■
Eureka, Vacuum
v-
.24%
,
'
16%
•104
! '
Yearim
Highest
.
».50
Erie & Pitts RR Co.*
11%
■
Lowest
,
—;—3'
f'~
,11%
39%
24 74
-
Par
42
41%
*4
,
Shares:
*84%"
,8a -T
.15%
.
:39%
r
24'%
'<
S per share
,11%. .11%
.
4%
♦4
4%
x24
•.
-
;
Range for Previous
Ranee since January 1
EXCHANGE
t
16%
*84%
"•
41%
.....
4%
,39%
V
*84%
15%
-
*4%
> 12%'
'*
88
S per share
share
the Week t
.Nov. 17
STOCK
NEW YORK
Sales for
Friday
;
Nov. 16
11%
-12
;7
*1674
S per
Thursday
Nov. 15
f per share
per snare
♦83
Wednesday
Nov; 11
Nov. lit
STOCKS
SALE PRICES
Tuesday
Monday
Nov. 11
2197
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 160 .."Number4335
"
6
G
4%
4%
>15%
.
■
10%
47%
50
16%
16
*15%
16%
..
.
*1574
;
'
*6474
~7
6%
19:%
14%
108% 108%
14
*14%
50
3%
8%
157
11
*157
17
112
28%
*147
108 7*3
17
109 1 V:
150
*147
1874
16%
.
28%
39%
397a
38 7 a
397 a
3874
3874
41%
40%
41
4074 : 407/4
40%
11174
111%
11174
111
111
3%
3%
*10974
111
37a:
37a
138%
138%
*135
138
114%
114%
*J.14
'
133
1347V
138,
v
133%
63%
61%
129 Va
12974
*133
134
*133
61
:
61
56
129%
129
'56
11%
1074
1074
10%
217a
2074
2174
2074
9%
9%
*9%
97a
9%
9%
107%
*106%
10774
*106%
10774
10774
174
1%
174
«
3%
3%.
19%
19
19
94%
9274
95
26
26
"25%
28%
*27%
24
24%
103 %
103%
103 74
12%
13
87%
87%
20
*87
102
237a
*50%
51
'
3%
51%
51%
10272
112
;
16
Nov
111
Nov
9
2% Feb
10
115
Jan
117
.Jan
140
11
102
Jan * 4
100
10
134
26
51
..;•' '
374 ./
*374.
83%
4474 Jan
4
4
17%
Jan
1374 July 26
23% Jun 17
274
Jan
6% July
1374
Jan
24 74 May
5%
474
4 74
X
474
,
1037446%
*110%" 1117a
■
1574
15%
'
574f
'•'•5%
:
1,600
220
49%
•A
46
5%
474
•
374
10374
,1574
574 V
100
51
140
48%
11074
1574
474
1,300
3,500
*3 7a
46 74'«
110%
574
9,600
23 74
140
-
49 %'
46
1974
*5074
6,200
'
400
6;600
200
674 Jail
Ink.—..—...—1
106
474
1,300
:;*1774
1874
100
1374
i;coo
Oct
,
2 74 July
-
19% Nov
Feb
17
(B F)
Goodrich Co
$5 preferred
113 74 Apr
,
Jan
7
4
•
4%
•
Nov 16
59
Jan
8574
25
July 11
1474
Jan
2274 July
Aug
52,
4% May
;
>
1'
41V .Jan
73 74 Sep
247/8: Jan
„
134
4
7
54 74 Jun
Jan
3
10474 Nov
1
Jun
19
3%
Jan
9 74 May
74
106
Feb
1% Jan
Jan
60% Jan
Dec
25% Jun
1474
143'% Nov
,8% Jan
■
2374 May
113
Jan
98
;
Jan
14%, Jan
5
3
3674 Feb10474 Jan
Hosiery.———No par ;
Motors...
;
1
Granby Consol M S & P—...—-5
Jun
17
40
Graham-Paige
Dec
July
10
Apr 26
4
274 Jan
Gotham
15% Jan
108
22
85% Jan
...———No pat
91
24 74
Jun
90
45
Goodyear Tire ft Rubb——No par
S5 convertible preferred—.No par
1574
Jan
Jan
20% Nov
6
19
18% Jan
Co.—u._ 100
No par
Jan
Aug
2374 Mar
16%
1374 July 10
3
Jan
11% Jan
—50
1
4% %, conv preferred.,
974
~JaV
2574 May
105% Aug 23
X83
Gold & Stock Telegraph
Jun
115
60
2574 Jun; 19
$6 preferred
:—No par
Glldden Co (The)——
No par
IGoebel Brewing Co
15%
July 15
31
6
Mar
r
15
8
69
.,
2 74 May
1274. Jan
3
26% Jun
14
7% Jan
No par
-
10574 Nov 16
Jan
-.No par
...—No par
preferred.
Gimbel Brothers.:
874
Jan
*104
5
Jan
99
preferred —.——100
Gillette Safety Razor..
;
2
19% Feb
19
110
5
Jan
3*»
25"% July 10
19% Apr 25
1474 Jan
4
...—.100
Rubber Co__i
Nov
474 Oct
3 74 Nov 15
—1
Nov
4 %
3
2874 July 10
124
112
•
39
10774 Nov
19% Apr
5
Apr 11.
■
12574 Nov
1174 Aug 21
9
3
24
1% Apr 25
—10c
;
1,000
53,800
*4%
a
1874 Apr 26
Corp—No par
preferred
conv
July
13114 May
56 74 Nov
Telephone Corp..,
-20
Corp:——No par
$5
Sep
56
July
13074 Oct
Time Instru
4%%
Dec
107%
137
3
9
;
Jan
12874 Nov
,
July 12
66
20
General Tire &
12074
1
8
3
74% Sep
1,000
102%
22%
<
4,900
88
•
102
1407-4 r
10374 10374
,
88
>-
140
1274
19%
..2374
140
49
*
.
2,400
Dec
28
2274 Jan
Gen
Sep
3
4% Jan
General Shoe Corp.
General
119%
3674 Jan
Gen Steel Cast $6 preferred—No par
6%
104
1274
1974
700
2374
104
:
-
1,100
Jan
174 Auf.
93
July
Nov
12 5 74 Jan
par
General Refractories—-.——No par
v
44% July
No par
No
4,100
26
39% July
Jan
148
No par
preferred—
Outdoor Adv A—
Gen
112
Jan
4
Railway Signal..;—;—No par
preferred—_—...
..100
Realty & Utilities new—.-10c
700
32 Va May
Jan
5174 Feb
Gen
6,170
Jun
874 May
Jan
113%
,
July 12.
Nov
.
974
1874 May
9874 May
34
'
3
Sep
117
Mar 18
6,800
,
7174 Jan
Aug
30%
9
3 74 Aug 30
,128
$4.50 series A preferred—-No par
6%
Jan.
Jun
fc974 Jun
151
2074
;
4374 July 12
6
No par
Public Service.
28%,
26
103
49
5%"
X4%
Nov
Jan
'
par
1,800
19
*28'
88
'*5074
: T
*11074' 110%
16
' 16
16
•
'*"•
23%
,467a
46
1097 a' 11174
57 a
4%
*4%
40
Gen
'
10274
101
1274
1974
10374
10374
4774
-1874
104
103
374
142
4874
51
103%
16.;.
57a
5%
•
*
112
16
f
par
374
.
.
23%
88
51
374
*139
125-
20
24
'23%
*5074
3%
142
49
*10374
x46 %
49
48%
40
20 74'
3%
A'
■»
;
*23%
2074
22%
51
3%
141%
102%
24
Common
130
2574
2574
*11074
'
!
Feb
Dec
Aug
130%
1
2974 July 12
Sep
8
35
1,000
174
-.*1237-4
;•
..'
2674
12%
$5
Gen
General Printing
28
88
20
2274:
51
3%
142
140%
,
1174
51
Mar
774
153
preferred..——...
1,200
112
10274' 102%
102
2274
,
Nov 16
118,
4
19
General Motors Corp.......
9 74
1974
i°4
100
1077V
.#1%
•
;:,«
■
10574
12%
'
22 %
774 July 10
Apr
107
474 Jan
2% Jan
1174 Nov i7 r;
16
—
Gen Precision Equip
20%
,
i
*25%.
; 104
*87
207a
102
134
18% July 10
Jun
Apr
Jan
.•
5%
6
6%
1474
5374
Jan
37
,
24
4
8174 Jan
$6 conv preferred series A-No par
3,400
*27%
•
2374
12%
88
20
20%
102
*10374
127a
«■
,
102
3
Feb
....No
General Mills
2,500
*11074
2774
112
2374
1037a-
19
100
2674
2774
24 %
1274
3
,
Jun
674 Jan
18
157 74 Oct
-No par
$4.50 preferred..
1074
*107
■;
.
374
20%
20%
19%
*11074
125
3%.
9974
*2574
i.
112
2374
■
93%
28
*11074
>
*19
26
28
112
*110%
J
20
20%
19%
92 Va
.
8
25% Apr
No
Gen Gas & Electric. A
24
974 July
24
Feb
140
Corp
2074
*9 74
V
174
2674
26
*12374
3%
3%
-
10774.
i%
■■:,•
125
*123%
3%
.20
20%
20%
: :
37 a
-
,
257a
2574
2574
125
;
974
9%
*106%
174
Jan
674 Jan
—No par
10%
21
24%
13
474 Jan
V54 Jan
preferred.—.......100
—No par
:—
100
2074
1074
21
?12374
1
54 74'Oct
143
preferred
,5%
10874 Nov
7%
•
No, par
Foods
1474 Oct
21
4174 Apr,,28;
General Cigar inc.:
General
11
Jun
5574 Oct
Jan
9% Jan
51
3
105
.....
General Electric Co
3
7% July 10
x2134 Aug 30
1
10% Feb
No par
preferred
No par
Amer Transportation.^.
—5
General Baking
—5
$8 preferred
——.No par
Generai Bronze Corp
P
General Cable Corp.—;—...No par
Class A
fl
Jan
51
$6
300
55%'
*5474
11
17a
26,100
130
,*129 74
55
11%
.
6174
6074
129%
55
21%
25%
26%
*12374 125
40
134
*133
6174 '
11%
*1%
3
Nov
'
129
*55
12974 '
*55
56
x60%
-
62%
21%
'
400
115%
115%
474 Jan
13% Feb
Gen
•40
; 136
136
115 74
10,400
—1
Gen Aincr Investors
210
374
374
.
5,000
112
U2
374
115 7 a
A
133
133
134
.
*55
114
114
4174
66
3074 July
1874 Jun 28
26
Jan.
974 Jan
19% Jan
10-
14'
62% Oct
Wood Industries Inc
cum
Nov
•1574 Sep
Gaylord Container Corp—
3
5 % % conv preferred-.-.-.——50
7%
51
10
^.....No pur
—.....—20
Co
'
62%
*129
i'
•
138
*13774
11674
374 \
3%
3%
•
28,600
,
174
574 July lo
July, 5
.17.
5
257-4 Feb
•
(The)..^.-..__Ao par
preferred
,7%
39
41
4074
Gar
910
1,600
150
Co
Gardner-Denver
6,800
287a
38%
40%
111
6,200
18
*147
39
39
6,800
116 74.
2874
150
*147
80
674-
114
2874
7,700
1174'
-7-
1774'.
,
118
109
150
6
1,400
15974
11%
-
1,800
•'200
8%,
874
.7
■140
50%'
*158
674
-
1474'
50%
11%
7,300
900
109
*108
,
.
>
56
' 14%
.
.
,.
5074
6
167a
*147
150
1474
109
874
2874
*28
Gamewell
,7'
1
20
preferred—.—
$3
*55
,
11%
110
109
,
5574
157%.
5%
200
,
"674
874
1174,;
2,350
:
.17
20 74
157%
.8.74:,'
4874
..
*16%
674
4974
15774
57a
1674
287a
287a
74'
11
•
47
'
cl A—
No par
(Robert)....———.1
(The)
Co Inc
6.%
400
16
20%
14%.,
-
Galr
674
*108
4974
157%
6 7a*
16%
*
-
28%
8
V.
1174.
10J
5%
67c
17%
109
8%
157%
•1474
108%
'49%
>.
Gabriel Co
3,-700
2074
55
"
1,300
4%-
*6474
..2074
57
574
*15
.>
17
■;> 674'
*108
5074::.
87a
>
11%
6%
•
•
"674
•1974
.1474
■
108%
497i
*1674
67a
*55%
147a
•
108%
50%
157
57
*55%'
57
*53%
'
49 74..
,49
19%
V
i
20%.
■'
■
1574.
15%
5%
474
•
574
4y<
^
*6474
*64%
,
~6'
6%
207s
*20%
4%
•17
*1674
17 :
574
4974
48 74
5074
48
*163<$
*65
%
4%':
157*
6
*5%
V4%
a
50
8
3
19 !
83
17 74 Oct
7" '
3"
:
7
Jan
4% Jan
5 '•; '
Aug
574 July
Jan
251/®. Jan
90% Jan
'
112 74 Jun 26
3
20
4;
VI
■v
5
'
+J Jan
3%
Dec
8
Jan
May.
Sep
Oct
48
Jun
374 May
9774 Aug
4574 Sep
102
Oct
4174 July
10874 July
974 Apr
2% May
6%
Apr
■■
t
j
,
1874
137a
13
*40
*23%
1274
40:
.40.
;
*2374
24%
18%'.
■24 74
.
*2374
,
.
"187-4
*39
3974,
3974
:
17 %
17
1774
1674
1774
1674
41
41%
4074
41
40%
'41%
28 74
29
28%
158
158
287i
2874
*158
158
2874
159,
:
52%
23%
52
537a
28%
6
*160
29%
■
*
I
277a
*160
■
26 74
53
22 %
22%
57*8
6
164
53
52%
09
2274
'27%
6
6
163
A
*160
-
.14 74;
.1374,
147a
13%
57
57 %
55%
57
5574
46%
-
13%''
47%
467 a
467a
46
■
160-
1474
5674
-46%.
1374
55%
,v
..
1
t
161
'•
;
.
Ore
Great
Great Northern Ry
2874
3,100
f
Great
Nor
Western Sugar.
Greyhound Corp (The):
Grumman Aircraft Corp..
6
3,100
166
90
'
-
t
.
5574
1,900
*5
5,300
Gulf
33
28%
100
320
19%
400
preferred—
Oil
i
.No
par
—23
1774 Nov
Dec
18
2174
Jan
6
15
160
May 23
67
3.
Jan
26,
6% Jan
,
3
Jan
3,
42% Sep
15'
33
13
1
12
I ';
17
23
.:
43'% May 19
:
■■•
Jun
50
Sep
1474 Jan
io
6% Aug 12•; ;
59
Jan
31.74 Jan
:f
July 15.,;
176,'" Aug
16% May
Dec
65
21 y4
Dec
10%
-5474 Oct
.24 74
Jan
154
Sep
1774 May
5774
3
3074 Nov
Apr
32% May
27%
Jan
138
Nov 16
18
; 374 Apr
123
2374 Nov
Feb
17'
Sep
July
26-
137/a
30
Apr
37
13
2974 Oct
11
July
1374 May
Dec
42'% Nov
Feb'17
'774 Jan
29% Feb
17
24
3
V 19% Feb
*
10q"
Corp—
a6Ml
3
r; 43%
par ,•
preferred...,
Nov
3
.57
Gulf Mobile ft Ohio RR——No par
4674
•
5574
45,74-
34,400
8%
July,
143% Feb
1.
Guantanamo Sugar—...—No
;
40
:
2574 Mar 15 ; '
2474 Jan
No pat
10,100
3;
28
Oct
14Va Jan
25% Jan
Bay & West RR_^„._—100
(H L) Co Inc—
—\
30,100
,*574
237a Jun
l.No par
,-100
263V
13%. -13%
563a
Green
32% Jan
Prop...No par
•22 3 4
-
163%
i
1474
x45% : 4574...
1,100
16
'
6% pfd—No par
Preferred
Green
■
53% -I1 5374
.26
•
,M(
.
60
162
",
22%
-
:
i
6
*574
-6
am'
22 3-t
28 7
26 74
■
'
Iron
13,600
14,100
*159
8
974 Feb
Steel.—......No par
Co....—.—
1Q 1
preferred.—i
——20"
(W T)
1674
*59-
'5374
53%
2274
.
2874'
162.;...
s
160
*59
■"
22%
5%
41%
2874
2874 :.
2874
Grant
41%
r:
19
Granite City
.
160
*59
*59
-
2474
600
r100
*
"
*59
m
3974 ',3974
17
417a
*157
■
13
i
••' 15% May 18
Grand Union Co_........... No par
16%
16%
iL_"
1
;
r
*23%
41 %
:
,
24
24
24%
.
1374;..
13 74
13
.13
3974
•*18
1874.
*1774
1374:
41
*18%
'18 74
:
Nov
274 Jan
5
Jun
16074
Jun
81%
Jan
35'b
Jan
10% May
25% Jan
4lVa May
44%
50% July
Dec
77
•/'
H
I
%>
33 %
3374
287a
28 %
28%
18%
19 %
*18%
*33
33%
28%
191
4
*32%
28
*18%
33
*32 %
33
•*32 74
28
2774
28
2874
1974
*14%
1474
109
109
*108%
110
*109
106
*104%
106
*104%
147a
177a
14%
17%
*150
*106 74
sec
*14%
1774
14%
1774
*150
7%
For footnote.-s
*1474
19 3
a
1474
*19
14%
147 a
600
7%
Hall
23
25
10
Water—
preferred class A^.—
Printing Co
i_
Hamilton Watch Co.—
No par
27
Apr
4
"*7%
107
page
7%
*106%
17
105%
1774
~7%.
107
*774
*10674
105
17%
105
1774
774
'
*7%
*106%
*10574
10574
100
177'a
1774
1,300
15% Ma r 13
21
Aug 31 '
1174 Apr 26
1«T4 July
774
■
7%
774
*106 TV-
3
600
100
preferred..
Hanna (M A)
Co $4.25
Harbison-Walk
6%
*150
*150
*150
5
May
28.
*
10
*109
*109
3374 Nov 13
38
27 7'a Sep
—
106
*19
.
Hackensack
Refrac.
preferred
pfd—No
..No
106
Apr
11
111
par
102
Jun
14
par
Corp? of Amer class A
1
6747c preferred fmodifiedli—100
2203.
TT
Feb
28% Sep
35,
Jun
38
1274
Jan
18
974
Jan
15%
104% Mar
1067a Aug 11
100
Hat
22%
1.5% Apr 24
138
Jan
5% Jan
104% Jan-
6
21
151
July 24
July lo
Oct'
4
14
87/a Jun. 27
5
July 12
110,.
13%
135
Jan
Feb
Apr
% JulyJun,
11074 July
18% July
14414
May
474 Jan
7% May
Jan
109% Oct
86
LOW
$
$
per share
S jw
8%
6%
7
6%
7%
6%
108
107%
107%
106%
107%
20%
20%
73
73
72
72,%'
168
168
*166
22%
81
*69%
*22%
22%
"*4434
20%
20%
-500
Hecht
300
Helme
,
45%
ft
O9
123
22%
2,600
Hercules
Hercules
Powder
90
22%
22 %
*44%
%
22
4434
'
44%
45
*22%
%
22%
23
*22%
;
—
100
200
22%
' ' -/ 400
,
——
—
,168
Apr
172
Aug
2914 Dec
Jan
Jun
87
73
Jan
128
Dec
49
Jan
71
July
Jan
118
Aug
73
114
Apr
27
100
»
136% Aug
25% Aug 31
14%
Jan
21% May
23% July 11
:
2
21
36 V? Mar
71
Jan
19
134
3
20% Jan
Jan
12%
MarlO
Jun
18
Jan
19% Feb
110% July
July 17
123% Sep
6
89
Jan
63
■
3% May
Jan
152
3
Nov
27% Feb 25
128
preferred
100
Hershey Chocolate—,
.—.--No par
$4 conv preferred————No par
Hlnde & Daiich Paper Co—„—10
Hires Co (C E) The
————1
Holland Furnace (Del)— ——10
6%
'
24%
44%
*44
44%-
44%
123
*122
24
*22%
No par
—No par
Motors
600
6,
Mar 11
Jan
56%
•22% July 10
'? 75% Feb 25
20% Apr 24
75
Apr 24
%
1
30
25
63% Jan
160
preferred———100
79%
*69'% >70%.
123
*122
24%
W)
non-cum
129%
70 Va
*22%
iG
7%
30
79%
22 Va
%
79 y2
129 Va
*69%
.
'
i
S% Sep
108% Oct
14
10% May
93%
28
20% Sep
«
Highest
# per share
Dec
6
17
9% Oct
Apr 28
$ per share
share
Mar 13.
99
yi-uL-w——,15
—25
——
*128 %
22%
79 Va
129 %
70 Va
73
!•
Co.
$ per
share
2 % Jazr
Mig Corp
—
?
Hazel-Atlas Glass .Co-——25
Hayes
''
1
*122
233i.
23%
24 '4
*23%
' 123
.*122 ;
123
*122
220
*71
80
*69%
71 Va
11,200
*166
22%
22%
*129%
130
65 a
107)4
73
130
*79
81
80%
130
129%
*6914
71%
129 Va
20%
20%
*71
6 Va
...—<.1
Hayes Industries Inc—
4.200
J per
Par
v.
6 %
*166
22%
22%
22%
23
*801-4
20%
*20%
'*■
8%
1
107'%
6%
107
106%
75
20 Va
*73 Va
8%
8%
6%
6%
107
168
*2014
*166
8%
85a
8%
83V
8%
83-4
■'
:
Lowest
Highest
Lowest
EXCHANGE
Shares
Year 1913
Range since January 1
STOCK
YORK
NEW
the WTeek
S p*r share
$ per share
share
for
Nov. 17
Nov. 16
Nov. 15
Sales
Friday
Thursday
Wednesday
y per snare
per snare
Range for Previous
STOCKS
PRICES
SALE
Nov. 14
Nov, 13
Nov, 1L
AND HIGH
Tuesday
Monday
Saturday
RECORD
STOCK
NEW YORK
Monday, November 20, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2198
16'%
Jan
25 3,a July
28%
Jan
40% July
4
47% Sep
5
13% Jan
10
,21% Nov
3
13% Jan
13
Oct
23
'
19
17%
18 %
19
19
18%
„18%
18%
17%
17%
17%
17%
17%
17%
4
*116
16
16%
16 3%
70
67 %
68
68%
x68%
11%
11
11 %
11%
11%
33%
32%
34
1%
134
*
8 %
*8
8%
*8%
27%
*27
27%
27%
27 Va
3%
•4
►
1%
1,600
33
1%
1%
200
27'%.
13%
3%
30%
30'/a
30%
30
30
15%
16 Va
15%
16%
15%
15,600
39 %
39
Hupp Motor Car
16%
39
.
14
'
Idaho Power
"
32
32%
31%
32
16 %
17
15%
16%
39%
68
39
40%
69%
14
*14
1914
68%
13%
Va
19%
19%
37
37%
36%
*105
105%
*105%
110%
*163
81%
*13%
13%
13%
18%
19%
18%
35%
36%
105%
105%
109
*107
%
*106
■
35%
36
35%
*105%
37
105%'
*104%
105%
107
'• 108
-
;
2,000
1,800
7
6%
10%
*8V>
9
200
9
357/a
35%
110
109%
109%
109%
320
8
8
8%
8%
8%
8%
8%
8%
2,200
8%
8%
8 Va
8%
8%
8%
8%
8%
8%
8%
5,700
Interlalce Iron——
179
179
178
178
78%
77%
174%. 174%
174%
77%
:
*3%
18%
17%
*4.34
29%
4%
5
29%
30
19%
18%
20
/
30
29%
90%
89
89%
88%
*9%
10%
*9%
88
85 Va
87 Va,
46
*44%'
40
40%
87
40
*86
88%
85
87%'
*120
139 Va
*120
134%.
*82%
*78
28%
135
18%
88%
9 Vs
Va
84
83
81%
/,
19,800
89
2,600
85
,
*82%
,
*120
133 Va
*120
15%
200
16 Va
15'%
16
16%
*15%
16
17%
17%
17%
17%
'
.17%
*16%
17%
*17'/a
*39
39%
39%
*39
143%
*16%
17%
142 Va
16%
16%
17
16%
16%
35%:
35
35
34%
35
113'%
97%
97%
96 Va
31%
*31%
113%
*110
113%
*110
31%
109
109
108%
109
*95
105
*'95
105
*90
102
*108%
23%
300
120
*90
23%
74%
23%
74V4
74
74 %
*73%
74
*81
82%
*81
82
15%
*15%
16%
16%
15%
16
*19'%
20';4
19%
121
121
10 »/o
10'
33
*19%
19%
9%
32
19%.
17%
18! il
*17%
18%
*24 Va
25'%
*24
24%
*24
23 %
23
23'%
23'%
17 %
18
*112%
23
115
34%
17%
*112%
35''a
23'
*23
.
17%
23
36
36%
*6
6%
17
10%
36%
.
6
24%
*23
17%
17%
*113
115
14,400
23%
/•
23 Va
*22%
23%
36%
36%
36%
36%
6%
6 Va
6%
*6
100
1,400
.
...
73%
73%-
27%
27%
27'%
27'%
3,100
*9%
10%
*9%
10%
•_--■
10
36%
36%
27
Va
26%
*9%
10%
*9%
36%
36'%
36
36%
36%
3614
36%
37
37
37 %
37%
37%
73
,
%
10 %
9%
86%
85%
*28%
29
*28
29
*41%
42%,
11%
11 %
36 %
36%
37%
37%
28%
28%
*124
126
5
5
I3',
1%
26 %
26%
351'a
36%
9%
9%
Va
85
85
84
29
29
*29
*37
2.9
*27%
42 %
*41%
42%
11
10%
11 Va
28»%
*124
4%
28
28%
126
-
5
1%
28
125
125
4%
*27%
*124
4%
1%
1%
1%
1%
25%
26 Va
27%
26%
35 7«
35%
34%
35%
35%
35%
*19%
51%
19%
19%
50%
51
52%
52%
52
52%
51%
52 3a
181%
*30%
*19%
7%
7%
48
181%
31
47%
*76
Va
78 '/'a
181 Va
30:%
47
47%
45 Va
38%
For
39%
38 %
footnotes see page 2203.
4%
25%
19%
78
*27%
*124.
25%
50%'
81%
5
i
*1%
50
78
4%
29
125
42
10%
26
1%
51%
81
*27%
29%
29
10%
78
80%
181V2
303i
46%
39
7%
7%
51%
7%
Lane
%
900
13%
*35
35%
2,300
Lehman
201/4
*19%
20'%
52 Va
52%
53%
51%
7%
600
51.
7%
"3,100
51%
2.700
7%
14,700
76%
76 Va
76%
76%
77
78%
77
78
*30%
182
31
181
*30%
181
31
conv
48
180%
*30%
'270
180'%
100
31
45%
46%
46%
46%
46
46
38%
38 %
*38 Va
38%
38
38 %
.
3,500
•1,600
GlassLibby—
Libbey Owens Ford
Liggett & Myers
2,400
Tobacco,.
Wks
6% Jun 28
3%
Jan
6% May
36% Apr
5
25
.Nov
20
129
Dec
32% July
Oct
91;. Nov
11% Jun
Jan
37%
71% July
July
Jan
38% July-
3
36
Jan
60
Dec
102%
Jan
115
July
6%
Jan
3
88% Oct
Feb
3
135
-
2
20% Aug
3
6%
Jan
20% July 10
9%
Jan
18%
Sep-
4
19 % July 17
lO'/a
Jan
18
Jun
6,
45
27%
Jan
32%
Apr
Jan
145%
Jun
Apr
15
Jan
29
Jan
138% Jan 17
3
27
Apr 22
107% Jan 21
July 27
143% Oct
9
18% Jun
16
38% Aug 28
112
Oct
27
101
Oct
16
84% Feb
15
Nov
8
34% Sep
109 Va Nov
9%
26.
70
Jan
July
92'/a Sep.
.
May
20% Jan
8
95
78
Aug
79.
Aug
3
27% July 10
19'%
Jan
26Va
Apr
58
5
74% Nov 13
54
65.
Apr.
4r'
87
82.
Apr.
123%
Jlln_
90
Jan
66% Jan
10% Jan
14
16% Apr 27
Oct
120
6%
24
Jan
3
4
19% Jan
13% Feb 19
,
17% Oct
21% Aug
124
8V«
18
xl2%
25
121
14% Mar 28
393a Mar 11
Jan
19%
Jan
127.
Deo
Sep
Aug.
Jan
19
10%
Dec
5%
29% Apr
Apr
Jan
17
Sep
Jan
17
Sep
25
24% Jun 29
14%
Jan
26
19% Jun
8%
Jan
24% May
16% May
20
Jan
13% Jan
18% Nov 15
x26
May 18
115
29% Jun
9
36
19% Jan
7
Mar
13
7%
4
Va
Feb
/ Nov
64% Dec
11%
Jan
31
July 10
Aug 31
17
111
May 25
4
29
May 8
102
Jan
113
Apr
Nov
10
23%
Jan
35% Apr
23% Oct
14
15 Va
Jan
20% July
42.
Oct
3
,25
34
Jan
July;
.'6% July*
Feb
17-
1%
Jan
54%
Jan
28
74
3
34%
Jan
58'% July
22
Feb
11
27% Nov 16
24% Sep'
10% Apr
3
7% July
Nov
7-
Jan
25
10% Oct
7
2%
Jan
4
36% Sep
1
23Va
Jan
31%
,
18%
6% Jan
27% Jan
4
37% Nov 15
Jan
9% Jun
62
Jan
3
13
14
104
Jan
17
May 31
24 Va- Feb
9%
Jan
73
OCt
Jun
19% Jun
Apr
17
19'
July 12
29% Oct 19
11%
Jan
24
44% Jun
26
26 %
Jan
12% Oct
5
8
■„•
21
113
,
Apr
Jan
3..
Apr 26
7
3
lVi Jan
29
15% Feb
,
Jan
4% Jan
4
..8%. Dec
7 Jan
20
6
107%
Jan
7% Mar 21
2%
Jan
8 % May*
Jan
2%
28 %
^§
July 19
11'/a
Jan
203%
'
Jan
32
•
14
7
6% Apr 24
<
3
—25
39
Jan
8
68% Jan
3
25
67% Jan
13
100
174% Jan
par
,
'
26% Feb
36
83
Apr 25
120
30
2Va Jun
36% Feb
par
Oct
Dec
July
125% July
14%, Jan
3
9
5
19
Jan
39%
29
July
31
21
42
16% May'
29%
38
,
Sep
Jan
17% Jan
30
32%
32% Nov
Jan
17%
26
,
35
36 V2 Oct
par
34
109% Aug
99 Va Mar
9
31
par
No par
16% July
Jan
Feb
.
•
25
107% Sep 29
135
21% Jun
,-No
16% May16% May
1.9
15
Jan
Apr
12,
12
11% Jan
13%
Oct 39
44-
19% Aug
5
No
Dec-
28
4
No
July
14% Dec
69%
Jan:
3%
20
Jun
Ju)y
Jan
45%
12'/a Jun 21
,92
Mar
-
138
8% Jan
10
29% Jan
18% Jan
—-
Lily Tulip Cup Corp—
Lima Locomotive
Link Belt Co-
67
24
Series B
Preferred
19
Jan
—No par
Lerner Stores Corp—
Llbby McNeill &
Life Savers Corp
Jan
55 Va
11——5
(The)
Lehn & Fink Prod Corp
4Va May
Jan
18% Jun 30
79% Nov 13
20% Aug1 30
4
11 Va Jan
-50
Corp
600
%7,
%
11%
136
3
3
117
50
—No
3
13.
Jiln-
July
3% Aug 23
56% Jan
j.—100
preferred
400
■
48
79
48
preferred——
"
78
181%
conv
6%
*76
78%
4%
Lehigh Valley RR
Lehigh Valley Coal
3,800
48
*47%
V
*
4
Sep
74%
177
Jan
39
5
10
CO.
27
48
.
10
3,000
■
Bryant
Rubber & Tire—
Jari
162
9% Apr
177
5
par
Lehigh Coal
Navigation
--—25
Lehigh Portland Cement—
400
29
4%
Lee
600
Jari
Mar
Jan
144 %
Mar
9
NOV-
6
Sep
No par
.-No
Aug 21
175% July 11
115
106"... Jan
6
Apr
Aug 28
100
8,200
125
10% July 10
181% Nov 16
15%
43
100
———-
8% July
38% July
47.
—No par
preferred
Lambert Co (The)
Jan
Jan
56%
-
82
Nov
21% Jan
13
—10
,1—1
Bak——.No par
Jan
40% July 17
114% Mar 13
8% July 3
13
preferred——No par
5%
400
■
3
"8% Oct 23
9%
6%
5
12% July
Apr
July
78% July
Jan
39'% Jan
Co—--1
Laclede Gas Lt Co_——
'
42
27-
62
Jun
35% Jan
.
—,
170
29%
10%
AUg 14
7% Feb
,
29%
Sep
X87.
68% Jan
———5
cl A,
1
590
93%
29%
41%
*27%
93%
29 '/a
11 Va
B
Kroger Grocery &
86
42%
20
%
■
86
10%
19 %
7
9%
165
3
7
& Fiirn—
3,100
.
6
ltv
•
'.
Mar
6% Jan
1
1,500
37%
85
42 Va
50%
47%
9%
86%
29%
*29
*27
10
168
12%
Kresge (S S) Co—
Kresge Dept Stores——
Kress (S H)' & Co—
~
10 Va
86%
Apr
RR stamped—100
Steel.—,—No par
(Julius)
$5 prior
290
,"
74
27%
74
27
158%
•
73%
74
7
-1
Co
Kinney, (G R)
300
74
ll): %
100',4
:
——1;
Kendall Co $6 pt pfd A—;—No par
Kennecott Copper—
No par
Keystone Steel & Wire Co.—No par
Kimberly-Clark. Corp———.No par
1
27
Mfg
Class
■
20,000
34%
*22%
73: %
Nov
13 Va Feb
ser/A———100
& Co
Kelsey Hayes Wh'l conv
2,700
115
36 %
*9%
86 %
pref series A—
.—100
pref series B conv——-100
Kayser
500
-
17%
34%
27
44%
6
66 ;• Feb
10
No par
Kansas
-No par
4% non-cum preferred—-100
Kaufmann Dept Stores
%-—I
100
34%
73
NOV
16
130
L pf ser B
City Southern
1,100
34%
6
32%
105% Nov
111% Nov
4% Jan
3
25'% Apr 19;
Kan; City P &
2.200
*24
Chicago
Kalamazoo Stove
40
18%
23%
*22%
;
.
5%
Joy
100
19%
33
23 %
%
■
*1,000
,
120
%
34
34%
5 In
1600
15%
&
preferred
Jones & Laughlin
'
81%
lOVa
*17%
.
24
*113
115
*113
23
1
18 %
*23
23
Joliet
33
10%
34%
24
24%
17%
17%
35 Va
36'
6
10
'
115
34 %
6
36%
18%
18%
42% July 12
May-
3
15% Jan
No par
Johnson—'—
&
19% July
8
65
preferred—
——.—100
Corp———-No par
-4% :2nd
6,400.,
'■/:'.• 600
-
32%
32
32
*19%
*118'/a
120
*17%
10 Va
9%
10%
32
15%
19%
*19%
*118%
120
*118%
120
120
33
15%
74 %
*81
Johnson
'
23%
74'%
23%
74%
102
%%
13 v. May-
Jan
Jun
Johns Manville
1,600
31%
74%,
16%
4
96%
23%
82 Va
113%'
Jan
11VB
1
——
Jewel Tea Co'Inc——
800
'
4
69% Nov 16
16% July 11
20% Oct
4
1% Jan
——1
Jarvls (W B) Co
1,200
-
109%
96%
23%
81%
16%'
48
4.
Corp———No par
$8 preferred—
31% May-
Jan
4
Cp———15
Island Creek Coal——.—
10
16% May
Jan'
8
18%' Jan
Jan
conv
Intertype
100
.
*31%
23%
83
••■%■
109'%
24%
82%
200
%
24
Va'
:
.
31%
109
102
*90
-
>
35%
*110
96
*31%
31%
32
109
'31%
16%
113%
*110
'700
1,000
.,
;v '
35%
17
35%
96
96 Va
96%
96%
109
..
*16%
*34%
16%
16
*142%
*142%
*142%
35%
*110
30
39
40
*39
39%
142%
•
54,600
17%
7%
-
.
17%
*15%
%
5%
10
26
Jan
Corp—*—2—1
Paper
Jun
37
6% Jan 27
154% Feb 29
-
"
157'a
15%
*39
•
900
133%
*15%
xl
950
•
84%
16 Va
17%
44
32% NOV
109% Oct 31
Inter Rys of
46
40 V4
16%
*142%
*
,"
83%
*40
16
17%
19% July 10
3
•i'
preferred-,
.—100
Cent Am_—
No par
5 % preferred
——:——■—100
International Salt——No par
International Shoe—
No par
International Silver,—
50
7% preferred-————
:^_10a
Intern'l Tele'p & Teleg———No' par
Foreign share ctfs--——No par
Interstate Dept Stores—NO par
•
"
40%.
15%
17%
3
,
_——100
International
•1,500
9%
16%
17 %
25
.——100
Preferred
480
19
17.
17%
Feb
Canada——No par
Int Nickel of
15,900
135
16%
17%
2% May
& Chem——5
4%. preferred—
International Mining
3,600
4%
29
17
17%
Jan
9% May 11.
7 Vi Jan 28
-No par
:
300
'
79
*44%
46
40%
*82%
133
4%
9%
*44%
85
*120
11
Hydro-Elec Sys Class A——25
International Mill
89
9%
40%
;770
175
2,100
19%
89
46
40
40%
4
67% Apr 25
17%
29%
85%
85
*44%
46
11% July
165% Jan 28
17%
135%
10
*443/4
Jan
.—————i——100
Preferred
Int
29
89%
10%
Jan
4%
International Harvester—No par
4,'lOO
4%
18%
89%
5,000
3%
*135
19
*10%
22%
29 Va Apr
preferred———100
3 Va
79
4%
29%
18%
6
16% Aug 23
Aug
8
71% Feb
Business Machines—>—No par
Int
700
77%
,
17%
*78
135
135
193/a»
175
180%
6 %
3%
17%
■
4%
4%
4%
■
•79
*78
136
*135
135
al35
3
17
77
175
175
3
2%
17
17%
79
*78
79 %
79
*
180%
,
77%
77
175
175
174%
3 %
3
3%
17%
,
77%
77
181V/2
181%
180
178%
78
1,200
Jun
4
158
Intercont'l Rubber— —j—No par
35%
110
Jun
10%
4
Corp——No par
Inteirchemical
35%
353^
2%
Jan
88% Jan
preferred
Steel Co—«No par
*109%
109%
Jan
4%
35% Nov 15
8 3/8
36
%
5
100
_——No par
——100
36%
110
28
8
109%
*35%.
2% Jun
15% Apr 25
8%
35%
41% Apr
46
109%
36
Jan
29% Mar
Inspiration Cons Copper-^——20
Insuranshar% Ctfs; Inc_——1
*8%
30%
10% Jun
10% Jan
3.400
82
10%
8%'
,
12
25% Jan
10%
10%
8 %
.
9% July
li
Jan
24
10%
10%
9
37% July 10
Jan
28 Va July
Co————-20
*80%
11
Nov
3%
1% Jan"
Inland
82
68 Va
8% Feb
1,500
1.
July
114
22% Mar
81
1
57% July
Jan
Mar
59% Aug
1% Jan
80%
—
44
105
l
6
*163'%
81 %
*81
% Feb
Sep
70% July ll
13% July 3
30% Feb 21
*163%
*163%
Jun
114
Feb
Corp————1
Tngersoll-Rand_.
Jan
63
Rayon
No pur
preferred A———.—No pa7"
$4.50
300
107
54
Industrial
3,600
35%
106
July
/RR See ctfs series A—1000
Indianapolis Power & Lt—No par
330
19%
July
17
Central RR Co—
l-ioo
6% preferred series A——-100
Leased lines 4%
———100
,
1,230
13%
19%
*8%
.
8%
1
70
13%
19%
81
11
8%
*69
69%.
69%
69
1,100
*13 Va
45
Jan
Illinois
15,300
'
13%
10%
83
11
68%-
69
39
19%
110
109
110%
*163%
39
*38%
39
1,300
•
Sep
Jan
Car_—•——No par
Hudson Motor
42%
9%
Manhattan———100
&
Jan
36%
non-clun
12,700
37s
13%
3%
3%
Hud
Co_—i.—
Aug
■-
17
107% Nov
preferred—100
Bay Min & Sm Ltd——No par
5%
•
2,200
V
13%
3%
13%
13%
4
Hudson
800
8%
26%
27%
Howe Sound
Apr
117
18% Aug 23
70 % Nov 15
Oil of Texas v t c—
Houston
17,400
*8%
1%
9
-30%
14 Va
14
14%
4
1%
33
33
•33
1%
8% '
'
•'
ii■ 31
Apr
17
Jun
45
Co.—No par
25
—5
Houston Light & Power
1,900
68%
11 Va
3
47% July 13
May
13% Jan
—100
preferred———:
Sep
12%
115
117
2.
17% July
Jan
42
No patHousehold Finance——No par
5%
19
Jan
B
Class
170
109
66
1%
14
600
109
68
9V4
27'%
70%
70%
70%
1%
27%
2,400
16
*814
'
16%
11 %
33%
34%
r-.'
**.
44%
Oct
39
preferred-——
;
100
Mining————12.50
Houdaille-Hershey cl A
—No par
*
>69 V2
115
7%
16
*108% 109
(A)——.———5
Corp———'.-No par
Homestake
3,900
42%
*44
44 Va
16
70 V2
108%
V 11
12
33%
16
70 V«
108%
67%
68
11%
16%
69%
108%
41%
41%,
41%
*44
'
693$
108%
*67
45
16
108%
70
-
108
41%
*44
45
*44
45
Hollander & Sons
Holly Sugar
'
*116
*116
41%
42 %
41%
42%
42,
*43%
"■■■'-700
1,800
18%
17 3
.17%
*116
*116
■
19 %
19%
19
■
7
July
Jun
Jun
July
22%
Jun
53% Nov 17
23%
Jan
38%
Dec
53 Va Aug
31
Jan
43%
Dec'
21
8% July 20
48 % Oct
28
83 % Jun
27
Jun
26
86 Va
Jan
41
July
Dec
71
July
62% Nov
171
22
"Vf/itr
m
Jun
Jan
62
31% July 10
'A Ol %
8%
5
30
Nov 15
182
;
24
34
•
Dec
7/a. Jan,
Jan
»/*■ Jan,
73%
Jun
182% Aug
28% May
44"
May
43'' July
share
J per
Nov. 11
y
per tjwre
Nov, 15
y
Nov. 13
Nov. U
jr per
per snare
19
19
2774
x26
22%
66%
18%
26
26
26%
21%
21
%
21%
No
Loew's Inc__
No
68%
66%
67%
60
71%
70
71%
10.900
48%
49%
43%
48%
48%
48%
48%
49%
48%
48%
12
12%
11%
12
11%
11%
11%
11%
11%
11%
3.300
38
38
37%
37%
36%
36%
*36
37
37%
37%
600
19%
19%
19%
19
19%
19
19%
.19
19%
5,100
163%
22%
*161
163%
*161
163%
*160
162%
Lone Star
3.100
19%
*161
163
163
22%
23%
23%
89
28%
28%
.29
*28%,
7%
10
15%
Jan
7
23% Nov
10
12%
Nov
l
71% Nov 17
42%
Jan
64% July
52
37%
Jan
51%
40% Feb 24
—
8% Jan
Jan
3
—'—100
% July110
25% Mar
Jan
19
6%
Nov
11% May
% Nov
1
18%
Jan
31
Oct
Jun
38
20% July 13
Jan
Louisville Gas & El A—
No par
20% Jan
12
Louisville <Ss Nashville™.
100
6£% Jan
100
MacAndrews
21%
163 %
4
148%
15%
Jan
24% Oct
3
29
Oct
8
Jan
July
22% July
59%
Jan
79
July
29
May
164
5
400
16%
Nov
90% Mar 17
17% Apr 29
151
July 11
12% Oct
3
28
10
Co——
preferred
29
21% July
21% Jun
Jan
13
May
9001
■v..-"
23%
89
12%
58
par
No par
25
Biscuit—
<P)
share
22% May 17
Sep 14
Highest
$ per share
$ per share
19% Jan
par
Cement Corp_ -—Aro par
Loose-Wiles
share
89
*22%
23%
: *22%
87%
8V%
87%
88
89
.
22%.
88
—.
Long Bell Lumber A—
Lorillard
J per
14% Jun
Liquid Carbonic .Corp.—
Lockheed Aircraft Corp_
'
18
No par
Refining Co—
Lion Oil
15.100
2.600
27
20%
$ per
Par
500
18%
*26%
27
Lowest
Lowest
Shares
per share
18
18%.
*18%
21%
21 %
22
$
per snare
67
;
67 %
1
'/2
21
23
18%
18%
26%
*1874
27
$
snare
Year 1943
Range since January 1
Highest
YORK STOCK
EXCHANGE
the Week
Nov. 17
Nov. 16
NEW
Sales for
Friday
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
SALE PRICES
LOW AND HIGH
Monday
Saturday
2199
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4335
Volume 160
,
M
*142
148
148
i"
'■.v.**
*28%
■
148
45%
45%
44%
45%
4474'
30%
30%
30
30%
2974'
107%
107%
*107%
•
•
,,
■?
16
*23 fa
/•
13'%
24
1,1
107%
*18
18%
16
1674
2,300
*350
•
8%
24
13%
*13%
13%
23%
23%
*23%
24
*23%
*3%
3%
*31/4
374
3%
7,700
8%
13%
*1374
3%
1
400
*13%
24
3 '/4
100
16%
16%
874
874
874
8%
9 VB
400
.18%
*18
400
*350
400
*350
13%
3%
3%
•
107%
'
,10774
*10774
1574
>■29% July 21
148
Nov 13
133
July
138%
Nov
27
45% Nov 13
28
Jan
37%
Jun
No purr
™^-100
Madison Square Garden—NO par
Magma
Copper-™-—
—10
Mahoning Coal RR Co
-50
Manati Sugar Cp—
—1
X26,;(|t Aug
1
38% May 27
19%. Jan
104
Jun
6
107% Nov 13
14
Jan
12
14% Jun
9
——No par
10% Feb
1.8% Feb
No par
.
Bros—„
•
-
7%
8,500
16%
16
16%
16%
16%
3,170
Market
1774
18
18%
18
18%
6,600
Marshall Field & Co..
"-21
2174
20%
21
Martin
10%
9,000
3,600
'40%
5,000
26%
100
Masonite Corp————No par
Master Elec Co—
—1
21%
2,000
10%
20%
2174
10%
1074
1074
1074
10%
10%
41
11%
42%
21%
10%
41%
40%
4074
4074
4074
40
*2674
,27%
20%
22%
21%
42%
i
"
'
U'-'1
,•«.
T'
,'1
'.
'
"t'
/
■r'1
■■
180
9 %'
9%
19
19%
18%
18%
51%
517'i
28%
27%
2874
1037a
103%
'
l«*
v;
103%
18 %
51%
2774
2774
13%
13%
>17
11%
X98
13
*109
100
y.
.•}
*93%
95
38%
_
94
38%
*37
3774
j2Ta
13%
51%
13
*51 %
1274
5174
52%
37
35
35
34%
35
7%
674
24-! 4
24 %
2474
35 \'i
{ 3434
143% 143%
*-34%
35%
•
143
51%
51
51'/a
14%
14%
1%
14
14 74
1%
4174
43%
*41%
43%
42%
'
'
-
\
;
*112
113
113
■
-••7—
*
.
7%
7%
107%
107%
107'%
20%
20%
,19;!a
7%'
■
774
24%
23%
3
12
*35
115%
109%%
*108
38 %J
:
'..
10
9%
*96%
98
J
>83
84
•
1
,
''
]
1 'J ■
98
*20 7 a
21%
V
53
':w
53
7,800
52%
—10
Mo-Kan-Texas RR
—No par
7% preferred series A
—100
Mohawk Carpet Mills
..20
Monarch Mach Tool———No par
Monsanto Chemical Co„
-10
$4.50 preferred ser A——-No par
Preferred series B——s—No par
$4 preferred series C——No par
Montgomery Ward & Co—No par
Morrell (John) & Co
No par
Morris & Essex—•———50.
Motor Products Corp-—
No par
Motor Wheel Corp————5
Mission
Corp—
3874
38%
38%
200
2874.
28%.
28%
3,170
2074
2074
20%
2074
20%
20%
1,500
X2074
20%
20%"
20%
1,700
3274
31%
31%
1.400
Mueller Brass Co———
874
9%
9%
2.800
Mullins Mfg Co
,
*.96
98%
*96
21
21"",.
*20%"
21
100
81%
3274
82%
*80%
83%
300
112%
40
•
8174
32
974
113
*11274
,1274
52
*111
112%
11274
1274
*50
10
98%
%
4.100
13
12%
13
52
1274
*50
50%;.
50%
200
class B.
—1
—1
preferred.:—.———No par
—:
No par
.Murphy'Co (G C)
->—No par
4%% preferred.
-100
Murray Corp. of America——10
Myers (F E) & Bro
4—No par
$7
Munsingwear Inc
27
9
Jan
21
9%
Jan
xl7
July
10
14%
Dec
24
May
May 17
4
29
3%
12
Sep 30
51% May 17
5
3
64
Nov
44
Jan
13
32
19%
Nov
July
27% Mar
165
Jan
176
Aug
37
Jan
60
Sep
2%
Jan
21%
July 10
Feb
36
Oct
Jan
110
Sep
100
12%
29% Oct
16
Jun
28
21
Jun
Jan
9
110% Aug 29
7% May
Jan
11%
22% Aug
Jan
17%
Sep
Jan
104
112% Apr 13
109% Feb 23
7%
43% July
22
11% July 10
6
Jan
Apr
10
176% Nov
2
18%
31% May
20
Jun
23% Oct 11
2
4
5
16
Jun
18% Oct
21
3
Mar
8%
22% Nov
% Apr 27
113%
Oct
19%
Jan
29
32% Oct
7
29
19% July
6
8%
Jan
16% May
Mar 20
55% July
6
38%
Jan
50%
Apr
28% Nov-13
14%
Jan
25%
Jun
6'%
Jan
11%
Sep
6
27
Apr
27
14
Feb
47
21% May
1
104% Oct
97
Apr
10
Feb
Sep
13% Oct
14
14
Nov
8
109
16 % Aug
Jan
19% July 20
8
3
8
Sep
30
9
103
18
Jan
10%
Apr
Sep
8
67%
Jan
89
-
Feb
Oct
6
60
Jan
78%
Sep
% Nov 10
27
Feb
34% July
Jan
12% July
Jan
42
12% Sep
82.
Jan
Jan
100
4
70
3
94 '
38
31% Apr 28
25
4%
8% Jan
4
15 V'b July 11
37
Jan
4
52% Aug 22
25
25
Mar
1
39
23%
Sep
32% Mar
26
Jan
34%
Apr
5%
Jan
9%
28% July 10
18%
Jan
30%
Apr
Sep
39
20%
Jan
31%
106%-
Jan
128
July
Apr
27 % Jan
13
II6% Jan
4
46
2
Oct
8% July
Apr 25
23 % Sep 14
,
Aug 10
36
3
Jan
5
Aug 23
144% Oct
Apr
4
12% Oct
26
1% Oct
27
3674 Apr
26
16
•
July
Jun
58% May 29
;
15% Nov
4
1% Oct
26
44% Nov
10
'
111
Oct 23
107
Feb
110
113
Mar 13
105
108% May 22
NOV
107'
Nov
113%
Feb
Jan
8%
Jun
13
•109% Nov
6% Jan
93% Jail
13
5
Jun
30
64%
Jan
98
July
23% July 10
4 % July
5
19
9
9% Oct
Sep 28
107
13%
Jan
25
July
%
Jan
3% Mar
11% Apr
30% Nov
111
3
17% Feb
5
.2% Jan
3
8 % Jan
3
16% July
8
3%
Jan
3
39 % Jun
26
17%
Jan
7
25
Oct
17
—
52
21%
:v
pfd series B—_—,—100
preferred series C
100
4 '/o
preferred series D__——,_100
Minn Moline Power Impl—
—1
$6.50 preferred——
No par
conv
4%%
28%
98%
52
No par
8% cum 1st preferred.
-TOO
Minneapolis & St Louis Ry+~No par
Minn St P & SS M A vtc__-No par
Class B vtc—
—;
No par
Minn-Honeywell Regulator
3
3874
'
•
1
Steel Products
51%
*21
13
*51
Co
2874
2174
-••/.■
113
>:
51%
100
974
12%
13%
111
974
*96 74
974
*112%
13
•:
114
*109
3174
83
,83
113
*112%
*112
80
•
98
9%
.
*20%
t
116
317a
*32%
32
,
116
•••
6% July
7
(The)———
1
1st preferred—
50
Co—No par
39
.2074
21
1,600
79%
81
Jan
19% Jag
1
52%
205 a
2174
20%
32%
32%.
'
217a
28%
21 "4
21%
80%
23%
115
28
27%
1,400
*10974 in
*3874
39
28%
21%
21%
■
*38%
'
23%
23 %
*112
5174
5374
52
53%
53r'!i
*38%
28%
'
1,000
1097%
10974
109 74"
8,000
36
115%
*112
' 115%
*112
*108
'
12
36 ' '
117%
V
4,100
2%
2%.
11%
*11474
116
116
.
Y
12%
8074
81%
*80 74
.
500
3,100
'
36
.
23 74
2374
2374
'.
82
117%
4,100
7%
•
19%
19%
274
12
35
' 35
.
24 V
24
81%
*114%
116
*112
-
■
L '
,
83%
82 %
116
36
357'a
36 %
36
7%'
■
3%
8 % Jail
6
4%
~10
*10574" 106%
19% :
-274
27a
1174
1274
'
1,100
30
*108%
106%
19 74
•
11%
13
*112
7%
106 74
'
•7%
.43% /
i 13%.;
*110
109%
197.4
,
:197 4
3
3
3%
3%
12%
••-•
*107
20
900
;
107%
77e
7%
'107%
700
4,300
2
r
v-
10974
109%
10974
*109
•
""*109
-
14
43%
43
*112
V
*112
.
51%
*1%
II374
*110
11374
'
;
110
13%
,,174
42'4
4.2
;
*110
113%
*J10
*110
174
2
*174
4% July
Copper.
1
i.
5
Mid-Continent Petroleum-'——-ID
Midland
400
144
*51
Jan
27
2,700
34%.
14
1%
4
106% Mar
Miami
24%
*142
Apr
Aug 10
-5
2,600
6%
19%
32% Mar lO
MIn Trans
Machine
1,400
34%'
51%
1374
conv
&
•'
7
34%
*51
■
34%
'
14
13
1%
1%
>'
51%
*50%
5%
Merch
Mesta
24%
144
*142
143
142
————
preferred
Mengel Co
100
-
Jan
4% Mar
i,
——No par
preferred series A
No ,par
$5.50 pfd ser B w w———No- par
330
35
34%
preferred—-No par
Melville Shoe Corp—
2,400
12%
51
2474
34%
3574
*3474
7
674
'
37% '
12%
3474'
24
2474
24
14374
50 3«
*3474
7
6%
7%
7%
24%
'
•
34%
3474
,:;4
14%
19% May
—10
preferred w.w—100
.
35
16
52% Feb
$6
40
200
51
5174
24% Oct
170
No par
-No par
——100
MeQuay-Norris Mfg. Co,—,—_—10
10
*33
13
;
3574
*33
35
35%
*36
si
*33%
Sep
24
4% Jan
Mead Corp
2,900
;
conv
.5 %
20
i'
94
*37
37%
1274
1274
52%
12%
51%
'
•
•
3774
•■■"
3774
*37
.
.
11%
100
92%
94
*92%
94
94
94
1,100
17%
11%
*99
100
:'
109%
*17
1174
11%
*99
100
*9874
17 "2
*17
U
11%
11%
V
98
300
104%
13
13%
17%
*17
17%
11%
11%
*99%
;
*17%
18
11%
!•...>
3,000
28
10974
12
37% Apr
Co————1
McGraw-Hill Pub Co
——No par
Mclntyre Porcupine Mines
—5
McKesson & Robbins Inc.—
—18
$4 preferred
—No par
McLella'n Stores Co——
—1
1,200
*13
109
109
10971
Jan
25% May
McGraw Elec
1,200
*108
13%
1374
137a
13 %
*109
109%
18
51
*103%
104'/a
104
104
*1037a
*
*109
1,000
OO
Corp
5%
18
.
'
2774
2774
'
•
100
51
18%
51
Wks—T—No par
100
McCrory Stores Corp—
1,000
30%
*112
30
17%
*51
McCall
700
'
19%
112%
19%
.
,
30%
517a
1774
1874
51 Va
28%
28%
19%
112%
30
29%
2974
29%
29%
18%
■
19%
$6 1st cum
*110%
28%
*28%
*112
112%
6%
16% Jan
—
—.No par
Maytag Co
S3 preferred——
200
38*
Co—
preferred-—.—
May Department Stores
7%
2,800
9%
38
39
13% July 17
13
—No par
Corp_
Mathieson Alkali
1,900
62%
9%
974,
*38
19%
19 %
28%
*103%
•
62%
*110% "'—■•■■
2874
28%
.51%
'•
62%
9%
38'/a
*112
112
112
30%
3874
1974
19%
%
112Ta
30%
,
■
w-r
*173%
974
*110
,
•
_
28%
28%
28%
*28%
U
*110
——
,974
397a
*38%.
40
■
*112
,
175%
63
*61
62%
9%
*38%
'
:
(Glenn L)
Martin-Parry
10
178
175%
62%
180,]
'
*110
* '
26%
.21%
2174-
"2174
■
•:
27
*2674
21%
21%
*17574
617 u
9%
.
22
180
63 %
63
''d-mhW
21%
*175 %
22%
22
*175%
277 a
*26
27 Va
*26%
;
•'
:
.
,
14
5
7%
16%
1774
774
Jan
12% Jan
774
Marine
7%
7%,
3%
3
18 %
774
5
6% Jan
167s
Mar
% Sep
19
7%
24% Mar
320
9
2% Jail
17%
Nov
Nov
21
6% Apr 24
—.——25
—1
Midland Corp————5
St Ry 6% prior pfd—100
16%
7%
15% Dec
15
315
Jun
Maracaibo Oil Exploration
18%
Jan
5
391
Manhattan Shirt
17
7%
' '
^
10
5
Oct
j
18% July
30% July
21
Jan
315
800
16%
J*
'T-
.
10
100
18
■
135
—100
Trucks Inc__—
Maudel
3%
.
Jan
6
21
25% Apr
—10
Forbes—
&
preferred
Macy (R H) Co Inc
4% '/o pfd series A-
10,400
20%
Feb
34% Jan
Mack
5,600
30%
18%
*13
.
29%
.10774
*23%.
*13
3074,.
1574
8%
8%
8%
30
10774
450
*350
420
*350
,
45
*1774
16%
45%
4474
18
15%
17
1'2
148
■
6%
10
4474
44%
30%
107%
Xl8
18%
*18
'
„
*142
148
*142
: 148
*142
•
*28%
29
*2874
29
29
Jan
1974 Sep
88% Oct
74% Apr 25
111% May 22
Dec"
75%
9
92%
;'
Jun
Jan
24
113
Dec
119
Mar
114% May 17
.107% Jail
5
.119% Sep
7
116%
Dec
121
Apr
.'>■
Aug 29
114% Aug
:•
41% Apr 26
53% Nov
35% Jan
117
113
16% Jan
Jan
3
31%
Jan
42
,
Oct
July 15
13
Jan
10% Oct
4
4
Oct
Jun
Jan
18%
21%
Jan
31
Mar
2%
17
100
20
Aug 12
May 24
84
■
Jan
7
Jun
Jan
77
Jun
Jan
23% Jun
Apr
79%
53
3
Nov
15
6
24% July
70
62
111
Oct
26
116% Feb 24
8% Jan
3
14% Aug 24
43% Jan
5
53% Oct
6
% Jan
10
111
Jun
17
11%
11
—
;
39% Oct
27%
July 10
23
4% Jan
.
July
Jan
9%
33% Jun 28
7
50
Jan
j
27
24% Jun
19
72
Nov
33%
30
11
21% Jan ,11
15%- Jan
3
26% Apr
106 %
10
•
July
!i
Apr
(
\
'
Sep
117
5%
Jan
Aug
11% July
34%
Jan
44
Feb
|
'
\
N
Liquidating Co__
-No par >
Nash-Kelvinator Corp—
—5
Nashville Chatt & St. Louis—100
National Acme Co.—
——-1
Nat Automotive Fibres Inc___—1
6% conv preferred
;
.—10
'
■%
*r''n
"15 %
15%
15
31%
30
3074
18%
19
18
1874
1
"
'»
'
11
.
14%
11
23%
180
20%
*20 %
30%
18
18%
,
15%
14%
15 %
15'/a
974
9%
..•■
<
■
9%
13
11
IO74:
10%
10%
10%
2.800
14%,
14 74
1474
14%
15
'
7.200
2374
2374,
2374.
23%
23%
8.200
1074
2374
' ,23%
.
175%
*174
2074
2074
32%
12%
r
,
2074
13
31
31%
11%
.20%
*19%
2074
1274
,
175%. 175%'
17574:
*174
20%.
32%
11%
11%
24%
2474
24%
24
2474
18
>18%
19
12
*11%
18%
18
,
*1174-
12
.
V
35%
34 74
*34%
35%
*3474
3574
13 f«
12%
127 a
1274
1274
36
35
•
;
23%
*10374
103%
2274
23%
23
23%
*177
•
178
*177
*1.50%
177% :
152%
152
-L
103%
103
103 '
'177 %
■
15274
*15074
•
'
16%
16%
16%
1674
'
*1674
'
1674
20 3 4
19 74
32
32
6%
6%
•674
13%
86%
*90%
13'A
25
2574
86 %
867a
87%
*90%
91
10%
10%
1074
10%
10%
1074
15%
15%
15%
15%
30 fa
30%
.30
30,
105%
*104
*104
i
*66%
.
107%
107%
17%
*107
footnotes
see
110%
page
86 74
*9074
108
.
.
2203.
x
127
2474 '
24 74"
12.200
35
123/t
35%
100
12%
.
35%
35%
3574
12%
9.300
10274
102% '
101
:
178
*177%
16%
13
64
12%
25
*24%
*
87
,
6%
63%
64 7 a"
800
3.200
20
32
6%.
674
40
16%
..
*1.9%
31%
'
100
'
154
*152%
?n
7.600
23
22%'
23
520
.
1,400
19,000
5,100
13;
9,700
25%
87%
'2,700
630
87%
91
91
*90%
11
10%
10%
*10%
10%
1,300
15%
2,200
30%
200
1074
*10%
1074
1574
15%
15%
_*29 74
30%
*29%
105'A
67
108
30%
30 74
177a
1674
17
15
7'a
16 %
16
16%
*107
110%
*104
*67
•
10 74
15
15%
.
%'
*29%
30%
105 74
*104
•
:
'
105%
68%
165
107%
60
107%
30 74
30%
30%
30%
17
1774
17%
17%
4,600
16%
3,600
*107
167a
113
Mar 30
16
108%
108%
1,200
100
%
Nov
1%
Feb
i
5
17% July
11% Apr 24
6%
Jan
15%
Jun
"I
Jan
40%
Dec
Jan
5
37% July 20
23%
13% Jan
3
13
28
Jan
8
19% Aug
1
13 % July 10
10% Nov
2
13% July 12
9% Jan
4
9
20
31
—25
National Supply (The) Pa——.10 '
$2 conv preferred..
:—40
5 % 'Jo
prior conv preferred.;—10
6%.
prior
preferred—.
100
—No-par
Natomas Co———1
— No pat
Nehi Corp
No pat
Neisner Bros Inc——
—.1
4%% conv .serial preferred—100
Newberry Co (J J) —....
No par
5% preferred series A
—100
Newmont Mining Corp————10
Newport Industries——
—1
Newport News Ship & Dry Dock—1
$5 conv pieferred
—No par
National Tea Co.
,)
Jan
Jan
23
Jan
176
jj
162
1
Feb
17
20 % Nov
6
8% Jan
3
17% Apr
18
5%
18
Mar
16% Nov
July
Sep
:i
i!
21%
Jun
Jan
10%
Sep
\
26
Apr
18
33% Aug 31
18%
Jan
29%
Dec
■'<!
xlO
Sep
14
23% Aug 21
10%
Nov
11
14% Oct
14
9%
Jan
13% Aug
14% May
!.i
xll % Feb
19% Jan
3
25% Oct
19
14%
Jan
13% Jan
29
»6% Jan
3
20
Aug
Mar 15
11% Jan
5
12
30% Feb
3
26
Jan
25
9
Feb
5
9 % Mar
37% May 24
36
Oct
Jan
17%Jan
24
14% July
103% Nov
87 % Jan* 11
7x25 %
6
:
12
Dec
11
36
Dec
'
29%
Sep
Jan
11%
Jun
'
Jan
90%
Nov
!'
5
Jan
20%
Dec
14
25% Jun 27-
Jan
•7
164
Feb
25
179% Aug 21
160
Jan
178% July
141
Jan
183
152% Sep
137
Jan
150
Jun
19
xl6% Sep
13
22% July 17
14
JUU
27
14%
Jan
22
May
Jun
28
27
Nov
36
Jan
7% Oct
18
17%Apr 19
23
2874 Apr
5
34
5% Feb
7
2%
11% Feb
4
17% July 10
24% Nov
15
79 % Feb
4
Jan
28%
Jan
80% Jun
Jan
88
93% July
7
11% Nov
2
4
11% July_12
3
18% July 11
32
Nov
4
Jan
4
96% Jan
12
56
Jan
4
107% July 13
105 % Oct
26
68
Nov
6
110
Jan
22
4
16% Apr
24
13
Jan
8
97
Jan
5
Jan
10 %
9 %
19% July
Jan
25%
Oct
74%
Jan
98%
Nov
37
Jan
57%
106% Mar
10 %
Jan
12
Dec
17
Apr
Jan
16
6
108% Nov
Jun
Jan
6
July 10
17% Nov 13
Jun
7% May
2%
Jan
33% Oct
22
,
26%
_
27 54 Apr
Jun
62
3
22
15% May
57
6
Mar
Jan
7%
14%
30 % Mar 16
5 % Jan
9
64 % July
89% Aug 18
83% Jan
13% Jan
Jan
5%
July 20
70
,
Jan
5
52
5
57% Feb
■!
21% July
15% Sep
70%
5
14
.
National Steel Corp——
jj
12% July
13% July
15%
,
11% July
Feb
8%
24% Oct
Jan
180 % Oct
165
1
5%
Nov 17
15
Apr
19% Apr
8%
20% May 18
.
10
2,600
*106%
*67
6874
92
10774
1674
preferred
%—.———10
Nat Distillers Products..—No par
Nat Enanv & Stainoing—
No par
National Gypsum Co—
.2,
1
$4.50 conv preferred
No-par
-National Lead Co—---—
40
7% preferred A—:
———100
6% preferred B—:
100
National Linen Service Corp.——i_l
Nat Mall & StT Cast Co
No- par-National Oil Products Co—-i—A
National Power & Lt———No .par
*
87%
1074
*10674
12
91
3074
110%
a
'
'
86%
Ye
*107
6374
10
67
3.200
*18
*11%
,
1674
1074
*104
18%
1874
12
31%
13
17
17%
16%
For
*107%
31
17%-
,
69
-2474
30%
31
—
105%
*67
69
12 74
-
91
*10%
•
6374 .64
64'A
12%
•>10%
•-t*
•
.
63%
13%
26
64%
64
125%
-
12.70Q
*16%
6%
6%
1.300
24%
,10%
3174
.
20
3274
2.300
x24%
15274
20
3.300
1:274
15274
32 Vs
—10
Nat .Cash Register—.—.—No par
National Container————1
National Cylinder Gas Co————I
Nat Dairy Products—
No par-.
National Dept Stores—
No par
National Can Corp—*
4.600 ;
v
25
15274
20%
600
13
178
32%
674
2274,
.31
National Aviation Corp—5
National Biscuit Co.
—10
7% preferred™.
———100
Nat Bond & Share Corp
No par
300
*12%
17774
6%
'
10274
.
12%
.
30%
11%' "11%
3574
1274
23
.
12%
.
178
20%
--
35%
*35
10374
32%
,
.
*1174
.
35%
34%
35%
12%
.
18%
12
*34%
'
.
-
12%
13
*11%
.
11%"'
13
25
18%
/j--
'
3174
.
1174•
1274
13
.
3074
•
13%
13
24%
.
13%
13
13%
32%
11%
r "
'-u—.
xll%
13%
32%
*11%
•
600
3.8O0
9%
14
.
'
■
26.800
3.400,
18%
18%
•
18'
1774
31
*30%
31
*30',4
:
'
9%
974
175%
175
20%
3074
.
11
14 74
23%
24
*175%
■
:
■
10
"
974
14
11%
14 3 a
"
•
•
9%
9%
9%
15%
15
157a
31
.
Hk
*U
12.
;
Nabco
13
'
ii!
94%
Nov
114
19
Sep
Aug
37%
,a
Apr
Oct
21% Mar
102
May
RECORD
NEW YORK STOCK
Nov, 11
i
Nov. 11
Nov. J3
*
per share
r
share
per
18 He
19%
27%
27%
27%
88
91
37
89
27
27'/a
26%
26%
27%
88%
88 %
89
*25%
;i5%
15%
26
17
15%
15%
15%
*158
*79%
80
*79
,
79%
80
17%
18%
55%
54
112%
*112%
N
56
54%
X9%
9%
18
;
•
300
9%
107
15%
9%
8%
9%
*105%
107
15%
16%
15%
3
26
May
11% Jan
27
18% July
3
6%
Jan
13
Dec
30% Jan
22
42% Jun"
1
16%
Jan
32%
Dec
198% Jun
15
-63%
Jan
132
Dec
Nov
10
28 Va
Jan
54
Dec
*112%
113%
*112%
107
113%
26%
25%
25%
49%
48%
48%
*50
53
53
•
13%
10 Va
*103%
*104%
104%
104%
Airlines
16%
16%
23%
106%
12%
22%
42%
*42%
44%
*74
77
*74
78
*73
77
58
57%
13%
13%
13%
14
14
11%
10%
10%
43
41
41
Edison
Co
———Ao
*15%
16%
15%
33%
34%
34
34
45%
45%
45
45%
45
45%
10
40 Va
120%
158%
12 %
23%
/
2,800
22%
.
*73
Outboard Marine & Mfg_^
6%
6%
158%
6%
15%
158%
'
77
Outlet
;
57
6%
Glass
5%
5%
30%
31%
13 Va
47%
111%
46
——
26 Va
/•V
1%
30 %
22
7%
108
7
-
108
19
19%
13
13%
*13
4%
4
*17%
18%
*17%
4
57
31%
31 %
31%
31-%
31%
*25%
26%
25%
25%
*25%
26%
*25%
68%,
68
*13%
67%
67%
67%
13%
13%
*13%
65'b
*79%
81
49
47
61%
78
18
48
78
15 VB
47
47
14%
-
*26
27 %
*26
*26
26%
106%
*10614
107
73V
7%
7%
9 Va
9
*7% '
"*7%
55%
54
54%
53%
23
23%
22%
300
1,100
200
14
62%
*14
14%
1.300
*79%
80
V
49
<
56
103
103%
*7%
9%
54%
*54
23%
22%
56%
103
56%
%
49
*26
600
1.500
56%
56%
*103
104
~7%
7%
17.300
103
340
■
20
20%
19%
20
20
20%
20
20 Va
11.500
26
*26
26
26 %
26
26
26%
26%
26 Va
26 Va
1.500
Va
119%
:
1191 'a
33 Va
31%
32%
31%
31%
31%
31%
31
31
91 Va
38%
90
88%
88%
89
89
89
89 %
*106 %
107%
*106% 107%
*106%
107%
*106%
107%
*106%
107%
*109
112
*109
*109
112
*109
112
*109
112
*13 Vb
16
43 %
12%
43
112
*108
%'
113
43
12%
*115
15
*13%
.
113
*108
119%
43%
*13%
*108
*11
15
*13%
113
*11C
119%
*115
••
"a
25 %
105%
105%
*110
43%
43%
44%
12%
.*11%
105%
*105
105%
*105
105%
135
*105
135
*105
135
*105
6 %
6%
72 %
74%
73
9%
9 %
15%
'
9%
73%
8%
9
87
87
88
16
15%
15%
*169
*169
*188
*188
5%
5%
72%
7%
5%
8
46
%
47%
7%
5%
*76%
•V
11%
17%
11%
15%
11 %
x
16%
10 %
15
46%
8%
8%
64%
I
7%
7%
"15%
15%
7%
*86
46
47
47
*76 Va
11
!
5%
15%
15%
;
1.020
47%
r"
400
17%
10
11%
*11
11%
80
*76%
80
11
15%
16%
16%
22 Va
22'A
10%
10%
15
15%
1,000
110
:
:
.
10,200
*15%
15%
*15%
15%
*15%
49%
47%
47%
47%
47%
47%
47%
47
48
800
56%
57%
57
57%
56%
57%
57
57
56%
57
2,400
118%
118
*117
16
118
*116
15%
118
118%
*15%
119%
16
119%
15%
15%
15%
15%
14,500
102%
xlOO
100%
101%
100%
101%
101%
101%
550
$5
106
106 Va
x!05%
106
104%
106
105'A
106%
106
106%
590
6%
111%
112
XllO
110
109%
110%
110%
110%
110%
110%
490
120%
For footnotes
121
119
119
118%
120
120%
120%
620
see
16
page 2203.
15%
15%
99%
120%
120%
-
preferred
preferred
7% preferred
8% preferred
-No par
100
'.—
100
100
Nov
3%
Jan
9%
1%
Jan
3% Mar
J
-
J
"i
Oct
33% Jan
45
13%
j
17% Mar
10
Jan
Jan
Jun
108Jun
113
Dec
23%
Jan
32%
Apr
Nov
8
17%
Feb
24"»
Sep
:
f
31% Nov 13
26
20
46%
Jan
6
16% Oct
5
1%
Feb
61% July
7% Sep
24
67% Oct
6
28 Va
Jan
59% July
Apr
10% Jan
3
17% July 20
5V8
Jan
4
88% July 19
34 Va
Feb
16% May
58% May
33% Jan
5
59% July 19
19
Jan
41% May
28% July
23
Feb
26% May
6% Jan
10%'July
Sep
6
7% Jan
14
5 Va
July 14
Jan
8%
Jun
25
24% July 5
20
Nov
Oct
20
37
7
68%
Jan
21% Jan
3
23 % May 13
26% Oct
21
18% Aug
24 Vb Oct
119% Oct
29% Mar
Jan
Oct
May 16
21
49
Va Jun
3
58
% Jan
5
106
19
117
Apr
26
3
Feb
25
96
Mar 28
110
82
108
13%
July 10
37
24% Jan
106
71
20
Oct
115
Apr
11
14
19
42% Sep
15
Apr
4
14% July 15
1
23% Feb
23
105% Oct
■
.
28
24
''
*
2*6%
Feb
90%
Jan
117% Jun
14
-July
'
Jan
100
July
,
42%
Nov
50
Apr
3%
-
Feb
Jan
10% Dec
18% Jan
26
102
102
Jan
3%
Feb
13
82% Nov 17
34%
Jan
Apr
18
10
July
68% Feb
25
88
Nov
15
16% Nov
10
11% Jan
4
25
171
Apr
3
3
4
9% July
Jan
59
Jan
7% May
•
68%
Mar
77% Jun
j
Va
Feb
15%'May
.
168 Va
Nov
168% Nov
170
Jan
182
9
4
Jan
Aug
6% Jun
4%
Jan
10% May
;
■-
82
Sep
14
99
Jan
10
59%
Jan
45
Sep
14
61% Jan
10
24
Jan
90
July
52% May
56
Dec
75
57% May
•11% Jan
175
6
175
Nov 15
8% Jail
69
66% July 5
22% Aug 12-
3
80
16% Sep
15
8% Apr
104 Va Jan
4
Dec
14%
Jan
Nov
*
21% July
Jan
23%
Apr
4
Jan
13-
Jun
f
6%
Jan
13% May
?
26
6%
Jan
13
18
t
Jun
24 %
Jan
July 19
48 %
Jan
58
Sep
,
10
114%
Apr
123
Feb
;
18% July 10
11%
Jan
121
3
3
74%
18
59
3
Jan
Dec
Jan
20
Aug 23
50% Oct
10
87% Jan
10%
168
15% Sep
52% May 19
11G
Mar 25
13% Jan
3
Jan
11% July 8
16% Oct 19
25
25
11-'% May 17
96
Jan
1%
25
11 % Apr
35 Va Jan
16% Mar
150%
19% July 11
May 29
14
19% Jan
7% Jan
'
Mar
Nov 15
14% Aug
26
May 16
:
Dec
9
5
Aug 22
6% July 3
6% Apr 25
Jan
5
5
190
4% Jan
183
Mar
May
10
Jail
164% Jail
j
•
29
7 Vs
:
Jun
July
7%
~7%
61
<■
J.
79%
■
27
Jun
1
'
Jun
113
July 11
105 % Nov-
25%' Sep
jan
Jan
5
Sep
Dec
Nov
113% July 13
48% July 8
9
Sep
91%
22
109%
16% July 14
Jan
*51%
104%
July 12
Aug 15
11% Feb
X98
■
.}
62% Sep
88
,
•
|
14
12
10
3
26
20 V2 Feb
5
Nov
9% Jan
107
6
15
& St Louis RR.—..—100
pfd (ser of Feb 1 '29)
100
Pub Serv Corp of N J
No par
13
112
15
40 % Apr
—25
—_No par
5%
140
102 %
15%
15%
118
16
14
100% Sep
20% July
69% Oct
7
—No par
5
Plymouth Oil Co.
5
Pocahontas——No par
Poor b Co class B
No par
Pressed Steel Car Co Inc
.1
5% conv 1st preferred
5
5% conv 2d preferred
50
Procter & Gamble..
No par
900
49
*15%
20% Oct
May
60% Mar
Jan
17% July 14
5
Aug 14
3
29
Dec
80
May
19% May
6% May
4
—
Pond Creek
300
51%
7
f
32
Jan
.
2,100
Nov
20
Oct
62% Aug 14
23% Mar
—No par
7% preferred class B
—100
5% preferred class A...,——.100
5%% 1st ser conv pr pfd—.100
Pittsburgh <te West Va—
100
Pitts, Young & Ash pfd„__.
100
Plttston Co. (The)———
.1
Preferred ;——
—100
800
16%
58% Jun
118% Aug 18
105% Oct
Pittsburgh Steel Co
'
*174
:'J, 16% „16%
*21%% 52'A
*10%
roy
*17
7%
95
Jan
54% Jan
5
preferred..
——No par
Forglngs Co..
—
1
Pitts Ft Wayne & Chic Ry—
100
7% preferred
—100
Pitts Screw & Bolt—
No par
2.600
Jan
1%
9
46
—1
100
100 ;
—100
$5 conv
*188
95
—
Jan
16
5 % Jan
Pittsburgh
*169
5%
*86
10%
*10%
1.700
8%
'
11%
30%
16.600
80
17%
16%
22
82%
2.000
p*
76%
79 Va
85
5%
preferred
27Va
Mar 17
55
Pittsburgh Coal of Pa—-A——100
6% preferred..—
...^—100
Pitts Coke & Chemical Co—No par
5,000
15%
otto
22.
6%
85
*17
16%;
6V4
8%
$4
Pitts C C
Apr
18
21% Jail
.
15%
'174
76%
200
135
25%
86
10%
...
105%
*105
15%
175
22%
*105
.
2%
110
25% Mar 17
100
.
Jan
8% July 12
20% Feb 15
110% Mar 17
series—^—-—100
series.—
,.100
Hosiery.
Va
1
27
'
-
com—.
preferred—
Dec
10
16
& Co Inc
4%%
Jan
31% AUg 18
23% Jun 17
3
'
Dec
July
37% Feb
Brewing Co
-
45%
July
9% Jan
2% Jan
A-100
,
Jan
30
5
13% Apr
No par
—
Oct
723 i
2% Jun
7
ian
11%
113% July
4
July
106
37% July
15% Apr 26
51% Apr 10
93% Feb
7
par
No par
Corp—-No par
Pillsbury Mills Inc
400
X84
17
17
17%
.
79
25%
15%
80
16%
*22
74%
11%
*76%
r
22%-,
*22
*64
175
11%
80
17%
17'
64 %
17%
-1%
95
45%
*173%
*173%
11%
46%
64
18%
18
*86
95
45%
65
*64
.
*86
95
*86
*7%
.
•
*188
5%
'
7%
6%
6%
*169
*188
5%
25%
25%
6%
15%
16%
*169
6%
.74
9%
25
87
87
*85
0%
6%
a
5
Apr
43% July
100
21
4%
No par
preferred
Pncenix
400
Jan
35%
17
29% Jun
18% Feb
1
10
Corp—
Phillips Petroleum—
10.900
12%
Jan
Jan
106% Oct
26% Apr 28
2.50
2nd preferred—
preference
2%
17%
10
27
—No par
Airlines
Glass Sand
(Chas)
17% July
15% Jan
Jan
Sep 16
1 % Mar 27
Coke Corp^
4'A%
7%
11%
105 %
135
*105
24 7
&
Preferred
113
42%
25%
Coal
Jan
23%
5
July
Oct
6% May
9
4% July 13
61
23% Jan
27
Mines—1
Co
Preferred
13%
*24%
103
ex-privilege—1
Phillips Jones Corp———No par
'
*24%
—100
Jan
,
15
*13%
42%
V 42%
12
12
15
113
119%
*115
160
Jan
Jan
No par
.100
Phllco
Corp—
——.—-—3
Philip Morris & Co Ltd———.—10
1.900
*115
119% Sep
Dec
3%
2
Co————No
(J C)
Va %
$1
8.900
90%
Jan
45
Ford—_——-—No par
&
4.4 %
32%'
*115
Davis &
Pfizer
590
56%
56%
102
91%
147
5
Sep
3
6
—1
—No par
—1
Phelps-Dodge
Corp———
25
Philadelphia Co 6% preferred-—50
$6 preferred-——
—No par
Phila Electric Co. com—No. par
1,100
23%
23%
12
163
2% Jan
Consolidated
Utah
Pfeiffer
800
20 Vn
20
4
700
X54
121% Jan
par
No
Petroleum Corp of America—
•
9%
54 %
28-% May
Jan
Milk Co.-
Pet
20
*9
Jan
105%
.
27%
,
19
19% July 17
50% Oct 19
Pepsi-Cola Co
.
Pere Marquette Ry Co—
5% prior preferred
5% preferred—
11,100
62
*105%
*9
23%.
56
27%
7%
.
54
237b
102
49
*26
9
9
23%
56 %
79
48%
*105%
55%.
104
14%
79
27%
'
9%
55 31
63
14%
..
*105%
7%
*9%
104
*13%
6
114% July 13
preferred
——100
RR—*
50
Peoples Drug Stores Inc—
5
Peoples G L & Coke (Chic)——100
Peoria & Eastern Ry Co—
100
'
'
49
14
62%
62%
14%
63%
14%
79 %
61%
14%
63)4
*143i
;
*13%
14
25%
25%"
67%
41% Nov
8
Pennsylvania
31,300
67%
26%
45% July
10
18
5%
30%
29%
68
68
68
14%
■
Jan
149
$7 conv pref ser A
Penn
*111
30'A
X29%
33
26
Penn-Dixie Cement—
18%
*111
*111
31%
Penn
700
18%
*17%
18%
4%
57Va
'V.
6
8% Feb
lnc„—
Penn-Central
600
4,100
*56%
Jan
46 Vb Nov
25% Jan
Pictures Inc—,——_1
3,700
*17%
23%
3
45% Sep
preferred
conv
Pennev
13%
34% Nov 17
39% Jan
109% Jan
Prod. & Ref.—
Dec
10
100
& Tilforcl Inc
Penick
200
31%
Jan
Pipe Line—No par
———
Apr
July
16% Jan
.Mar
10
3
16% Oct
3
Jan
7%
preferred
1,400
19 Va
18%
25% May
"
Parmelee Transportation—„No par
Patino Mines & Enterprises
10
4,800
108
14%
13%
Jan
Parke
1,600
.
57
57
*17%
18%
*111
*111
4
*56
4
7
17
23% Feb 25
35% July 10
Parker Rust Proof Co
400
58'A
3
25
Paramount
5,700
30%
22
'
55
27
Park
....
13% July
23%, Jan
,3% Jan
2,600
1%
17
108
*4
Jan
13
Apr* 28
48% Jan
4
28% Apr
4%
7
7
108
13%
Jan
14% Sep
3
No per
Park
30%
107%
19%
7%
6Ve
3
19
Airways Corp.
5
Petrol & Transp—:—.5
3,700
*57
13%
19
July
Sep
17% July 10
6%
Aug
8
25,20d
x22
17%
19
64
29
Parai'flne Cos
400
i
67%
Jan
12% Feb
Panhandle
6,900
'
Oct
Jan
—10
30 Va
1%
58
13%
57%
30% :
22%
6%
19% "
4
"•
17
13%
,
)
'.J
54%
Oil Corp
5.60%
*
Sep
Apr
46
7% July 25
.26%
26%
30
58
19%
57%
V
26%
30%
1%
1%
7
13%
4
-
17%
19%
57%.
,
21% Jun
38
19
3
Pan-Anier
Dec
Jun
154
11
27
11
*107'A
30
30
13
4
57
57
58
107%
4 Va
4 Ya
4%
57%
25%
*22
19%
57
.
•
.
30%
*57
108
107%
108
4%
Aug 25
4% Jan
110
111%
Jan
Jan
28% Jan
142,
26
Sep
43
117% Apr
Jan
Panhandle East
2,500
47
46%
111%
;
Dec
10 %
Jan
15%
24% Aug 28
157
26
10%
105
Jan
3%
Oct
15% May
Pan American
500
13%
*13%
13%
46%
112
Jan
69
1
Jun
,30
100
—-
Packard Motor Car——
,8,300
57%
3%
July
21%
17% Jan
& Teieg———100
preferred—.
Pacific Western
24,700
22%
%
17%
17%
58
5%
30%
*107%
1%
7%
7
17
58
5%30%
13%
25%
30
22
58%
5%
30%
46%
1%
30%
23
15%
15%
*111%
14% July
L—.1
6%
600
16
JttU
Pacific Tin Consol'd Corp
Pacific Telep
170
5%
57
25%
40%
30%
1%
17%
17
*57%
220
6,000
15%
11%
75
8% Jan
Corp.—_T„No par
Pacific* Mills—
No par
4,300
6%
29% 4.30 %
1%
*22%
y
6Va
40
July
Apr
16
64
10% Jan
Pacific Lighting
6%
30%
30
30%
22
1,100
,
120%
*107%
29%
30%
45
158%
4%
4
26%
25%
45
1583/a
46%
57
*107%
•
7 Vb
%
4
45
100
6
45
.14% Oct
-
8
Jan
39
7
100
120%
111%
111
58%
*58
3,400
21%
40%
13%
*13%
4
4
16
34%
158%
31
*46%
111%
111%
58%
1%
14
47%
13%
47%
111%
15
*20%
Jan
55% Feb 29
64
10
34%
20%
Jan
8%
11% July 19
105% Jan 10
May 10
31% Apr
-8
Co—
Coast
16
121%
5%
5%
30%
.
Pacific
30
40
39%
16
*15%
5%
31%
31
5
108% Oct
19
Apr
147
par
34'A
6%
28% Oct
18
,18
5
1st preferred non-cum_—No par
2nd preferred non-cum_„No par
Pacific Finance Corp (Cal)—:
10
Pacific Gas & Electric——
25
40
23 Va July
41% Aug
Jan
v.;
Pacific Amer Fisheries Inc
200
11%
*10%
42
Jan
Jan
-
12.50
Co
700
.
158
6%
6%
15%
*15%
53a
31%
11
,14
No
Co———.—
Owens-Illlnols
2,100
121%
39%
*158
15 Va
'
121
121
121
*120
—
18% May
116% July
17
8% Apr
conv
—
30
100
42%
*41%
8%
Dec
101
Jan
x3%
•
20% Mar 22'
14
99% Aug
8
8% Jan 18
preferred A——100
Oppenheim Collins ..——10
v Otis Elevator—
No par
V
6% preferred
——
100
40
100
158%
38%
40
40
120%
158%
Nov
15% Sep
convertible
4%%
3,100
103%
14
*44%
105
-:
36
■'
16
104% Nov 10
Jun
14% Apr
Jan
107
27
105% Nov 15
14%
34
Oct
Jan
preferred—L100
Omnibus Corp (The)—
.
6
56%
*15
15%
34
53
16
Jun
56
Jan
7%
,
5
July
8
J—.—_—-No par
57%
20%
21%
*21
21%.
21%
,22 Va
116 Vb
33%
7
12
■12% May
put
91%
•
•
48% Nov 15
3
Oliver Corp.
77
*41
,42
X28% Aug 17
1
2,060
42%
10%
11%
11%
*41
15
4'A Jan
40% Jan
..2.50
pfd——-100
4.40%
Oil Co—
/A-vl;P
30 Va
17% Jan
37% Feb
3,500
56%
57%
Ohio
umo
6
Jan
Jan
8
115% Apr: 24
23%
*13%
57%
700
18% July
3
31
Nov
18% July
56%
Nov
49%
48%
105% Oct 20
4
.Jan
112
—No par
50
—i
—
11,300
*154%
*73
58%
9
Jan
106%
*12
23
*154%
44%
7% Jun
122
9% Jan
•
July
192% July
Jan
113
2
54% Sep 27 V
11% Oct 23
23% Nov 16
103%
12%
22%
154%
12%
26
Jan
Feb
Jan
162%
19 % Aug 21
56
Oct' 20
:
51% Jan 27
i..—No par
Norwich Pharmacal Co—
Preferred
16%
10
22%
*12%
23%
*42%
'
10
104%
*103%
154%
12%
22%
44 Va
26%
52
*
23%
107
10
10
104%
*42%
*107
—
2
38
Jan
23
26
122
29
10
106%
24%
23%
106%
*103%
*154%
3%
15% Jan
Telegraph——50
Norwalk Tire & Rubber.
300
105
xl6%
9%
104%
*12
12 V'4
23%
*12%
23%
10
9%
104%
*154
12%
105%
106%
10
58%
116% Jun
100
Northwestern
80.
47% Sep
213% Nov
_
26% May
12% Nov
19% Mar 11
xl3% Jan
53
12%
13
17
23%,
23%
106
*50
104%
*104%
104
V
79% Nov 10
33% Jan
non-cum
700
13
*12%
106%
s
Oct
19
183 Va Jan
Northwest
1,300
6
*5%
6
53
17%
*12%
107V4
6
*50
5%
5%
6
5%
24%
13%
80
.£..1
Shtpbldg-Corp part stk
Y
l—l
Ry Co——
50
Ry———100
Northern States Pow $5 pfd.No par
50
:
26%
17 %
*15%
Jan
v
Northern Pacific
11,500
*48%
104%
40
52
75
Lack & West Ry Co—1.100
Y
Jan
Northern Central
'
48%
17%
,
129
North American Aviation
27,700
16
*105%
15%
113
•
26%
104%
*15%
Jan
24 Vb Jan
No
pfd—.100
North American Co
10
6% preferred series
50
5%%. preferred series——
_50
500
54%
54%
48 %
17%
24%
*21%
14%
May
par
Dock——;
York
Adjust 4%
16,300
:■
56
*55
25%
104%
*41%
74% July
Norfolk
10
48%
17%
11%
31% Jan
Noblitt-Sparks Industries——5
& Western Ry———100
100
12L
17%
18%
*54
113
104%
13%
26Tb July
97% July 19
28'A Mar 14
14% Jan
N
780
26%
f 50
13
58
Jan,
3
•
6 Va
23%
17%
*55
113
*47%
53
*12
20
11
Jan
62
Aug 22
$5 non-cum preferred—_No par
—B0
7,500
:
39
121
121
54%
16%
26
27 Va
48%
13
*119%
18%
*105
107
*105
15%
6 Vs
10% Jan
32% July 20
Certificates -of dep.i—————
210%
20.9
55%
11%
11
11%
16%
*50
21% July 20
4
'•
107
27%
121
39
39%
55%
55%
54
*47
3
19% Jan
N Y & Harlem. RR Co
20
18%
18
211
*53%
56
112%
15% Jan
100
New
80
18%
*38%
210%
18
18%
18%
39%
*119%
121
55
16
18
2 L0
55%
11%
*78%
*78%
35% Apr 25
No par
preferred series A—
—100
N Y City Omnibus Corp—No par
10
79
80
*78%
211%
*38%
39%
211
*54%
*105
79
No par
-
6%
500
v
162
44% May
Jan
.
& St. Louis Co
600
39
*160%
$ per share
share
27%
50 Va
900
V
t per,:
t per share
share
Highest
Lowest
Highest
•
18%
18%
18%
15%'
39
79
*78%
*119%
26%
15%
40
*78
17%
121
*119%
26%
15%
162
80
211
26%
Chic
N Y
t per
Par
-
Central—;
York
New
2,600
40
80
*38%
39 Va
213%
88'A
*158
"7.9
19 Va
18%
*38%
87%
*27
.»
New York Air Brake
1,100
47,000"
400
40
*158
18%
27%
162
*36%
42
162
*78%
Va
80
211
*39
162
40
162
'
19
27%
*27
Lowest
';\
Year 1943
Range since January 1
STOCK
EXCHANGE
Shares
45%
18%
46%
18%
87%
39
45%
46%
18%
26%
19%
27%
YORK
NEW
the Week
( per share
per share
27%
46%
18%
19
*15%
S
share
46%
46%
*45%
47
47
s per
per share
Range for Previous
STOCKS
Nov. 17
Nov. 16
for
Sales
Friday
Thursday
Wednesday
Nov. 15
Tuesday
Monday
Saturday
HIGH SALE PRICES
AND
LOW
Monday, November 20, T944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2200
Oct
40% Jun
17%
Apr
96%
v
103% Oct
■
19
75%
Jan
Oct
i
109% Oct
19
85%
Jan
107% July
.
3
96 Vb
Jan
114V4 July
10
108 Va
Nov
129% July
113% Nov
121
Nov
■
II
Volume 160
Saturday
Monday
Nov. 11
Nov. 13
'
S per
J per
t per share
share
share
114%
47 %
48%
17
17%
46%
9105'4
24Tb
15 Ma
47
16%
*113%
io7
197
23 Va
106%
X23%
23%
23%
23 Vi
%
x23%
Va
15%
15%
*15%
16
19%
10
15»/y
■■•
15
151
*105.
15%
28,100
400
16
15%
10 Va
10
1,300
10
Par
1
share
119% Feb
2
t per share
share
per
122
113% Nov
15
share!
t per
Aug
26%
Jan.
11
52 % July 10
18
Mar 22
40 Ms July
Jan
19% July
37% Jan
3
14% Sep
13
109% Jan
12
114
Nov
15
104%
Feb
114 Ms
Jan
15
107 Va Aug
14
92%
Jan
107% July
19% Jan
14
24% Oct" 2J
13%
Jan
12% Jan 21
16% Aug 21
10% Jan
103
,
If
Corp
per
113% Nov
$5—No par
No par
conv
Quaker State OH Ref
500
15%
t
Highest
Lowest
Lowest
-no par
preferred—
100
preferred
——; —100
Purity Bakeries Corp—;
No par
6%
5%
•
'
199
*195%. 107
23 %
23 Va
Year 1943
Range since January 1
Highest
>
.
Futlman Inc
Putc uu (The;
14.000
114
114
114%
*1
'
47 Va
-
15%
17
114.
.1.06%'
106 Vi
24';«
47%
^
Pub Ser El & Gas pfd
200
115
47
m v
'Shares
share
115
16%
.
114
114 V
*113%
'
ver
115'A
47
16%
17
13%
113Vi' 113 %
S
share
per
115
115 Va
*114%
47%
46%
S
share
per
114%
*114
114%
S
the Week
Nov. 17
Nov. 1(5
Nov. 15
Nov. 14
STOCK
EXCHANGE
V
NEW YORK
for
Sales
Frldav
Thursday
Wednesday
Tuesday
Range for Previa*#
STOCKS
HIGH SALE PRICES
LOW AND
2201
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4335
July
22%
Nov
15
Tuly
R
10'A
79
> 8
79
*78%
78%
78%
78%
/•
8%
;
8 »A
8 "a
8
89%
89 %
90%
89%
89%
32%
32%
32%
32 Ma
32%
15%
.15%
32%
1(5
16%'
15%
15%
15 Va
15%
34%
34
34%
34
34
17%
17
17%'
16%
16%
16%
17
39
38%
39'A
38%
38%
39
39
39
33
*32 Va
;
72
75%
.
70
.
135
*132 Mb
135
71%
69 Va
73%
22 Mi
22
22%
22%
23
21
21 Va
20%
21 Ma,
21
21 Va
99%
99%
99%
99%
99%
99%
98 'A
98%'
97% -98
14%
14%
14
18
18%
17%
98
98
14%
13%
14 Mi
14%
14%
14%
18%
17%
17%
17%
18
17%
102%
102%
102%
•101%
102%
*101'/a
102%
*101%
9100%
101%
100%
100%
100%
100%
*100
Ms
100 Ma
100%
100 Ma
300
11%
10%
10%
10'%
10%
10 Ma
10%
10%
10 Ma
3.900
11
,
84 >/a
83%
84 Mi
*83%
15%
14%
14%
14%
96
9 6 Mi
96
96
12%
13%
12%
13
3314
32%
33
32%
33 'A
39%
39
39
39
39
17%
17%
10 Va
10 %
15%
14%
9(5
97
13%
13%
:
39 Ma
17%
18
17%
17%
10%
10%
10%
10%
15%
*14%
*.14%'
22
21
33
33
*32
33'A
18
18%:
xl6%
17%
49%
50%
*48
50
34
34%
34
34
52%
52%
52
52
113%
113%
113%
114
8%
7%
8
8
>.
35%-
34%
*
7.400*
38 Ma
38%
17%
17%
600
10 Mi
10%
x9%
9 Va
9,100
7%
*7%
50%
*20%
20%
32%
32 Va
17%
17%
17%
17
50
*48 Va
50%
34
34
34
34%
34%
52
52 Mi
52
52
114
114
8
8
7%
34 Ma
34 Ms
34 Va
45 'A
*44
109
*108
114%
22 Va
22%
5%
6%
6
6 Vi
*6'A
98%
98
98%
20
%
22
20%
20
20 %
19%
14%
14 7
3.4%
14%
*14%
75>A
76
*75'
19%
19 Ma
19%
6.900
15%
Ma
14%
600
*14
12 Vi
75
*75
15
15
15
%
14
X52%
52%
*52 Ma
53 Ma
24
23 %
23%
23 Mi
23%
53%
23%
23%
130
12%
12 Mi
12 Mi
,
75%
75%
75
75
75
52%
23%
1.100
4.100
14 Mi
53%
6%
99
14%
52:%
2.600
22 Ma
Ms
6 Ma
: 14%
15
14%
10
98%
12%
*75
110
6 Ma
76
12%
12%
76
*74
10
*14 Ma
75 Vi
12%
12%
12%
76
75%
76
*75%
114%
98 Ma
98
15%
'
22
22 Vi
'
19%
20%
a
*108 Ma
109
109
400
1.600
400
76
15 Va
53 Ma
23%.
110
23%
*52 Ma
4.400
2.200
3%
3%
334
3 Ms
3%
3 Ma
2.400
32%
32%
31%
32
30%
31 Va
31
31%
*31 Ms
31%
3.700
29%
30
29%
29%
*28 %
29 Vi
28%
28 Ma
28 Mi
28%
500
13%
:
13%
13%
13%
13
13'A
13%
13%
13 Vs
13%
19.600
37%
37%
36%
13%
36%
13%
37%
37%
14
14
38
;
38 V4
14
*23
44
29%
42%
44%
45
*28 Vi
28%
28%
28 %
13%
13
13%
13
13%
4%
4 Ms
39%
38%
39
39%
41
41%
41
41 Mi
40 Ma
X13
■
29
13%
4 DA
4
%
*39
•
40 Mi
*157
*157
156%
26%
26%
26%
26%
16%
16%
16%
16%,
.16%
31%
32%
30%
31V4
30%
31
27
27%
X26
26%
25 %
26%
26
26%1
57%
58
X56
56%
55 Vi
56
55%
56 Ma
79
79
79%
16%
16%
31Vs
32
Ma
12
13
12
-12 Va
12 Ms
12%
6%
6 Ma
6%
7%
*7%
8 Mi
7%
8
80
31%
28%
30%
27%
29%
Ma
30
30%
27%
28 Ma
6%
.■'
*7%
x30%
30%
j
27%
: V'
•
6%
47
*43 Mi
48
*59 Ma
60 Ma
11 '
11%
10%
10%
10%
10%
10%
10 Ma
76%
76%
75%
35
34
34%
*113
114
*113
*58
62
'
*58%
,
74 Vi
75
34%
34 Mo
114
*114
118 Va
111%
*109%
114
*109%
29
29%
*113
1
72
2%
3
29%
29
*113 Ms
115
2%
2%
28%
29
r,' 7.100
115
114%
114Vi
*113%
115
100
61
69 Ma
70 Ms
,
46%
46 Mi
114%
114%
*113 Ma
9%
8%
34%,
33%
34%
66%
67
15%
10%
9
9 Ms
115
9
46 %
5
'
Ma
115
9
48%
115
9%
34
34
34
'
Spear & Co
—
$4.50
1.900
500
10.800
400
4
%%
16%
16%
600
10 Ma
19.400
Stone
10%
17%
17%
17%
17 Mi
17%
17%
18.200
Studebaker Corp
17%
17
17%
5 Ma
9 Ms
5%
5%
9
9
9%
4.800
23%
*22%
23%
22%
23
23
67%
67%
67%
67%
67
*68
20%
66'/a
*20%
31
*30
31
20%
30
*17
18
31%
31%
28
31%
31%.
31%
28
5%
9
23
20%
6%
5 Ma
70%
30
*17%
5Vs
9 %
24
30
7
x30
27,
•
6%
-
,18
30
Sep
Jan
20'A
*30
17
30%
30
30%
27%
27 Mi
6%
6%
-1.000
900
prior
108
(The%
'
31
400
18
18%
800
31 Ms
30%
30 Ma
5.900
Swift. A; Co
30%
29%
30
2.700
Feb1
112
Dec
16 Mi
Jan
Mar
26%
Jun
Jan
4 Mi
Jun
59%
Jan
90 %
Dec
5
10y8
Jan
18%
Sep1
5
9
Jan
17 Va July
19
14% Mar 13
64
Jan
73 Va July
18 M2 July
6
2
73 Ma May
7
Jan
10 Va
July 11
31 Ma
Jan
57
12
17%
Jan
29
6
2%
Jan
15% Oct
55
28 Ma Apr
4% July
■
16 M» May
Jan
5%
6
May 16
Jan
64%
4
.20% Sep 14
8%
25
76 Mt Oct
9 Ma Jail
24% Apr 24
35 Ma Sep
20
16Ms, Jan
23
19
30
Nov
13
21
10% Feb
8
15
35
7
42% Jan
7
Sep
Feb
105
78 Ma July
27-
Apr
July
43
115
9
48 Ma Jan
Jun
Oct
Jun
5
Apr
28
May
July 19
Jan
27 Mi
Nov
10 Ma May
*13 Ms
July
28Ma
Jan
45% Sep
18 Mi Jan
22
15%
Nov
24% July
Jan
28
23% Jun
20
22% Aug
23% Nov
29% Feb
5
45 Ma Nov
16
19
Jan
39 Ma July
29% Aug 23
14% July 17
15 Mi
Jan
25 Mi
Jun
10 Ms
Jan
15 Mi
JuJy
5 Mi July 12
2%
Jan
16%
Jan
29 Ms
20%
Jan
30%
13
Ma Apr 25
22
12
Jan 27
Apr
23
12
3% Jan
28% Jan
28 Va Jan
3„
Aug 181
43% Sep
5
43
10
6
Jan
141
—
54
Jan
132
15
Nov
157
6,
5
Apr
Eiec
Sep
149% July
25
Apr
26% Oct
18
21%
17 Mi Aug
21
10%
Jan
14%
33% July 12
15%
Jan
30% May
15%
Jan
30%
19
35 Mi
Jan
49% May
3
42 Mo
Jan
66
13
Nov 13
12
1
Jan
27
27%
2.700
Syivania Elec Prod's Inc
6%
6 Ms
6%
5.10O
Rvmlrtctnn
3
5 Ma Jan
26
9
Jun
28
Feb
14
72
Sep
28
33
Jan
5
32Mi Jun
28
21% Jan
35
22% May 13
29% Nov
9
23 Ma
5
32 Mi
May
48
Sep
36% Jan
26
56% Jan
27
Jan
*3
12 Ma Aug
.50 % Feb
11
76 Ma Nov
6
33 Vi Jun
34 Ma Sep
31
Corp
1
116 Ma
July
70
July
112% Nov
117
Aug
28
107
Nov
110
Dec
25
Sep
Jan
Sep
1
July
5
7
4
48 Ma Nov
13
Jun
28
115
9 Mi Feb
19
19
54
Jun
15
121
6% Mar
Jan
9
Jan
38 Ma
,10Mi
Jan
44%
28 Va
Jan
40
28 Ma
Jan
38% July
Dec
Dec
May
46%
Jan
60
37 Yb
Jan
45Ms May;
~6Mi
Nov
~9Ma
25
Jan
Sep
Ma)
31% Mar
66
68% July
May
7 Ms
Jan
14%
4 Mi
Jan
14
July
14
14%
Deo
Xl7
Sep
3
5%
Jan
10% May
5
5Va
Jan
15 Ms
48 Ma
Jan
17 Va Mar
7% Apr
Dec
115% Julv
IDA Oct
1
13% Apr
5
19
1%
31%
20M» July
10
15 Ma Feb
100% Jan
-
23
Ma Nov 17
12
34% Jan 15
58 Ma July 10
14
Jan
49
39 Ma July
.
64
.
128
Oct
Oct
19
13
Jun
Apr
4 Ms Nov
6
122
Dec
63 Ma Mar
130
Sep
Jan
27
5 Ma Feb
15
7% July
5
5 Ma Jan
;
3
10% July
5
3%
Jan
Jan
22
May
May
Oct
7% Apr
27
25
Sep
26
16
8 4 Mi Feb
2
58%
Feb
82
66 Ma Nov
25
25% July
5
14%
Jan
32 Mi July
19% Apr
29
17 Ma Jan
.
V
12%
Sep
14
8 Ma Jan
4
33% Aug 22
20% Sep 25
27Mi Jan
3
32
27% Jan
No par
July
2
JUly 20
65 Ma Aug
14
1
Sep
42
Jan
74
Sep
■
Mi Sep
Jan
4 Mi
110% Sep 11
!l
20
Sep
8
64
33
116
50% Sep
100
60
Jan
35% Jan
109
112
9
40% Jan
.
May
3
18
115
Jai» 27
110
Jan
56
17
13
Mi July
33% July 32
Sep 22
28 Ma Feb
Dec
35Mi Mar
44
64 Va Feb
111% Apr 19
108
May 17
Nov
Nov
Oct
115
6% Sep
Jan
38% Mar 13
28
57
2%
Ma Oct 23
61
9
Jail
110
No par
J un
61
28
23
Gould
6 %
Jan
2%
7% Aug 18
Sep
Apr
Apr
4% Jan
55
Swift International Ltd—
27 Ma
6%
Dec
25
2
1
3
107%
Jan
Oct
24% July
3
Jan
Sep
12 Ma Mar !
7MaSep
101
7
72
i.
2 7 Mi
■
8
5
11% Sep
—No par
Class A pfd (4Ma% cum)—;
100
Sunray Oil Corp
1
Sunshine Mining Co.
—
10c
Superheater Co (The)
No par
;
25
Superior Oil of Calif
Superior Steel Corp
...
100
Sutherland Paper Co_„
10
Sweets Co of Amer (The)—
.12%
Sun Oil Co^
18 Vs
*30
Jan
14
May
63% Jan
47 Mi July
36 Mi
25 Ma May 19
Feb
13
36% Mar
96
17
7
Nov
Dec
114
109% Nov
14
110
Jan
21
114% Nov
16% Feb
84
6%
45 Va Nov
3
Jan
1
Xl08% Mar 23
16
20% Sep
2% Jan
No par
& Webster
30 Mi
2 7 Ma
6%
2.000
70
20%
5%
18
31%
30%
20%
23
Feb
109
5
July
36 M» Jun
6
37Ma Mar 16
15 v
.
L S
30%
.17%
32
21
9 Ma
7
105
25
Jersey—25
i——
25 *
Camp Inc.—
preferred.
1Q%
21%
3
17% July 5
13% July 12
11
20%
8
Jan
7
Sep
115
110'A Jan
67% May 18
16%
5%
9%
Jan
105Ma
3
10%
40
Nov
35
53% July 17
29
16%
9.100
27 Mi
35 Va July 12
11% Jan
-
63
50% Aug
62% Feb
11
126
11
Jan
Sterling Drug Inc
————30
Corp.
,
5
16%
62%
Jun
43
IDA July
Stokley-Van
126
18%
35 Mi Oct
3.500
63
Jan
13
10%
127 Ma
11%
18
10 Vi
*63
Oct
19
Feb
27'A May 12
Stewart-Warner
*126
8
28
6 Ma Jan
3.900
63.
21%
Jan
28% Jan
1.600
126
Jan
Dec
43% Jan
27
9% May
5%
20%
51% Apr
13
Oct
July
19%
No par
(The)
15
126
Jan
45
par
14 Mi
5
Spring—.—_1
Starrett Co
10%
30
23
Jun
30
34Mb July
No par
No par
preferred
Standard Steel
16%
8%
3
5
—No par
Standard Oil of Ohio
11
23%
Jan
8
16%
*68
25
14% Jan
10
10%
5%
8%
pai
40 Ma Feb
66%
*62%"
Jun
8
17
24% July
,
33% Feb
14%
900
9
18
26
preferred——No par
16%
5%
8%
5 '/a Apr
mWan
prior preferred——No par
$6
$7 prior
10%
5%
17 M« May
Standard G & E Co $4 pref—No par
10%
63
Jan
3
66%
10 Ma
127%
12
9
17% Jun
3
Jan
14
11% July
8% Feb 29
13
2% Jan
15 Ms.
10%
63
7%
Jan
19 Ma Oct
-100
No par
preferred
66 Ma
15
*126
39 Mi July
Sep
$4.25 preferred —
Standard Brands, Inc-——No par
66 Mi
10%
63
Feb
12 Mi
_1
Squibb (E R) & Sons
$5 pref series A
34%
10 Mi
126
34%
3
——No par
—1
Square D Co,
—
5% conv preferred
66 Ma
15
63
3
Jan
No par
Sons——No par
(The)——
—-1
Spicer Mfg Co
No par
$3 conv preferred A
.—No pa"
Spiegel Inc
.—
—2
Conv $4.50 preferred
No par
M4
66
15%
126
May
13
preferred
*33%
15
xl7
36
Spencer Kellogg &
17%
V-
32 Mi
i
11% July
Jan
Sperry Corp
10%
*17
Jan
G.)———
*33%
33%
67
*113 Ma
115
46%
15
15%
10%
*65%
(A.
Standard Oil of New
46%
5%
25 Mi
——3
Standard Oil of Indiana
46 'A
Jun
13
14.100
46 Va
15% July;
93%
1514 July 10
Nov
11.200
•:
.
Feb;
70
Jan
Jan
35% July 10
39% Nov
9
58% Oct
54
54
Feb
98
4
80V2 Nov
33%
33 Ma
53 Ma
Dec
3
7
32%
32 7/s
53 %
Nov
Ma
7 Mi
4
Sparks Withington
,
Dec
80
July 15
Jan
53%
36
32%
59
99 V4
—J
Standard Oil of Calif—
53%
28
15% July 10
8
40% Jan
12.300
32%
84% Oct
4
28% July 10
36Va
36 Ma
4
Jan
3
35%
54%
Jan
10
85% Apr
Jan
12.800
33 Va
76
20
3
X32%
x53 %
18
3
74%
x36%
103% Oct
17
64
2.100
15
Ma Jan
3
55%
9
1.900
Apr,
Jan
13 Ms Jan
70
33%
9%
50
9Ma
23
60
3
37%
48%
•
Oct;
Jan
22% Apr 24
70 Ma
55%
115
•
88Ma
5%
3
63
Typewriter.No par
59 %
33%
'
i-
101%
Jan
Jan
No
*59
3
61
71 Ma
36%
110%
Jan
73%
8% Jan
No
69
2%
62
36%
9%
"20
28 Ma
*109%
,
36 Mi
47%
114
28%
36 Ma
115
«i.'
60
114
110 Ma
69 Va
73%
114
*58
110%
11 DA
61
64.
800
118 Ma
'
2%
64
430
V
29
114
115
35%
'
*114
118%
110
29%
75%
40
"
60
*58
60
*58
62
*114
*113
11.400
*113
114
*113
114
10% '
*34%
34%
*113
114
M
10%
75
34 Ms
60%
Ma
Jan
95 Ma
6% Jan
Corp-——-——10
Spalding
100
46
46
*59
14
5
84
10
—No par
ICO
5-
Corona
20 M2 July
5
101% Nov
3
12% July 71
21% July
No par
Southern Railway
—No par
5% non-cum preferred——100
Mobile & Ohio stk tr ctfs-—100
80
75%
74 Mi
76 Ma
35
'
.
:
87
Southern Pacific Co
600
59%
16
18
Southern California Edison—,.—25
Southern Natural Gas Co
7.50
5.500
59 Ma
&
$5.51
31
28
59%
16
Platinum——!
Greyhound Lines—5
South Porto Rico Sugar—No par
8% preferred——,
-.100
200
27%
59%
Apr
Southeastern
6,600
*30 Mi
60
*46
6%
*71
28
48
47
123A
30%
27%
10%
South Am Gold Si
310
8%
Aug 17
Jan
28
Socony Vacuum Oil Co Inc„,
2.900
*7%
8%
Smith
2.100
'
Dec
4 Mi
—
10.000
;
80
12 Ms
6%
60
*46
553/i
Oct
74%
—
2.500
26 Mi
55%
12%
*46
"
••
25 Ms
*78
93
Jan
No par
Servel Inc.
%
.■—
.——1.
Sharon Steel Corp
No par
$5 conv preferred
No par
Sharpe & Dohme
——No par
$3.50 conv pref ser A
No par
Shattuck (Frank G),
—No par
Sheaffer (W A) Pen Co——No par
Shell Union Oil
—15
Silver King Coalition Mines
—5
Simmons Co
No par
Slmonds Saw & Steel
„No par
Sinclair Oil Corp.
No par
Skelly Oil Co—,15
Sloss-Sheffield Steel & Iron—20
$1.20 preferred————No par
44,200
80
*71
80
*71
80
*71
12%
,
26
Jan
-10
preferred
Smith (A O)
Jun
Jan
69 Ma
42 Ma
—1
Seagrave Corp
—*
Sears Roebuck & Co—.
1.900
25%
16% '
32%
79%
8
30
26
.
*30Vr
3.700
16%
3 DA
79%
*71
41
23
79%
6%
1.600
-»800
26%
79%
6%
4%
40
16%
79 %
6r«
'.«■
162
Mi
4
4 %
;
156%
26
600
47,100
:
,
'
4%
157
157
157
*156
~
4.700
*28 Mi
39%
,
1,100
45
44%:
45 %
29
1.900
,
23%
*23
23 Vi
x39
40 3 4
41%
*23
44
■
41%
<
*4%
4Va
40%
;
13%
13%
4%
14
23%
28 %
29'/a
13%
•
3%
36%
13%
*23
23 %
3%
43%
'•••'
42%
36 Ma
14
14%
23%
14%
*23
-
3%
3%
19%
12
6
-10
Tob class B
——/
Joseph Lead
Sep
May
9
—1
(The)_—
conv
13%
20
11
100
Co————
Co
x
Jan
22% Oct
Reynolds Metals Co
——No par
100
5%% conv preferred
—
-
:
80
997a Nov
3
Mfg
'
'
86 Mi July
Dec
.
100V4 Nov
Jan
'
Jun
Nov
6%
7
10314 Oct
Reynolds (R J)
Nov
30
9
14% Apr 19
9
6 % conv prior pfd ser A
35
70% Jan
24
—
14 Ma
Jun
x83% Mar
—1
preferred———
Savage Arms Corp
Schenley Distillers Corp. new—314
5 %% preferred-.
————100
Scott Paper Co_
-No par
$4.50 preferred—
-No par
$4 preferred
No par
Seaboard Oil Co of Del
No par
100
45%'
6
Apr
Inc
5%
13.600
34%
Oct
8% Apr
St
200
108 Ma
*44
*114
■:
■
—
.
45
44
■
34%
108'A
3
23
100
RR
Saratoga
&
Safeway Stores
3.700
*107%
35 Ma
*107%
107%;
107%
8
8
■"
Nov
5
99% Jun
$2.50
1.700
V
8
18
Feb
Rustless Iron & Steel Corp
1.900
52
114
83 Ma Nov
5
18
—1
30
113%
3
11% Feb
with warrants—— .25
Motors,
Ruberoid
1.900
*48 Ma
114
—
5014 Jan
No par
Ritter Company
——-No par
Roan Antelope Copper Mines—
1~i
Royal Typewriter———
400
50
114
22 %
Jan
100
Richfield Qil Corp
300
17
98 %
*21%
;
;
32Mb
7%
109
6
■
Jan
3 Ma
par
No
Jan
22% Jan
-10
(Robt) & Co 1st pfd
Common
100
7%
20%
*7%
51%
45%
Jan
Rheem
*; 300
15
*14%
15
15
6%
6%
99
*38
34
-
20
210
17%
99;?:»
22 %
22
,
33
33
*31%
*113
*10.8
109
*108
32%
'
17%
.'
Mi Jan
Reynolds Spring
38
32Mb
*48%
*113
*113
4.600
17 Mi.
108%
44%
•
250
13
32%;
,
35
34%
*107%
108%
45 %
*44%
107 %
96%
96%
*12%
32%
21
:
66
20
12%
7%
*7 Mi
7%
21%
21%-
*21
18
40
15
96%
14%
14%
15%''
7%
714
*7%
■
■
13514 Oct
& Brass
—No par
100
77o preferred.,.::———;—,
100
5V*% preferred—
12%
V
7
90
100
Revere Copper
*96 Mi
■
Jan
s
,2.100
14%
15
/
84%
*83%
84 Ma
:
102
102
102Va
*102
102 Va
*84
84 %
15%
33
102%
*102
*102
102
102
*84%
■
26%
9
Republic Steel Corp——.—No par
100
6% conv preferred—
—„„
50
102%
22% May
18
Reo
14.200
18
Jan
Nov
Rensselaer
6.600
14%
14%
12% Oct
Preferred
460
101%
Aug
33
300
98%
*97%
97%
Jun
32
3914 Nov 14
Rels
'
97%
15%
Jan
3
-
Remington-Rand
*22
99%
29%
Jan
5% Jan
5
Hosiery
4.200
21%
21%
Jan
11 Mi
26%
July 10
3
Reliance Mfg Co
21%
18
■7
Reliable Stores Corp—,
20 3't
21
8
3314 July 10
13
600
*99%'
Dec
32% Jan
300
99 T a
101 Va
27% Jan
Preferred—!—.,.——
1.160
21%
Jan
3414 Nov
-——
17
*16%
Jun
54 Mi
15% Jan
Real Silk
73 Mb
74%
Oct
10 Ms
17
20% Mar 21
10
21%
22%
3
preferred
71 M4
Jan
Jan
4% non-cum 1st preferred— -50
4% non-cum 2nd preferred- .50
200
*00%
*21%
3
-3
1,400
135 %
17
*16%
27
Feb
28
12% May
Jan
3%
59
1
107% Jan
28'A Jan
._25
4%
July 12
10% July io
79 % Nov
Reading Company.————— ,_5Q
2.000
12
13
85 Va Jan
33 Va
*132 Va
140
72
17
16%
39%
*11
11%,
11%
*16%,
17%
17%
17%
•17%'
135
72
*131
135
*131
*32%
12
*11'A
11%
11%
11%
■Ml
16%
*32%
.
24
■12% Feb
preferred——
conv
$2
39%
33
12
5
7% Apr
.100
6%
400
34
*33%
34
*33%
33
*32%
33
*32%
15%
v
8% Apr
69% Jan
1
Raybestos Manhattan,——„JVo par
.—1
Rayonler Inc
2.600
90
32%'
par
par
Radlo-Kelth-Orp'. »um
600
15%
•-
89%
32 %
34
31.700
690
32 Va
90%
32%
>16%
8%
■89%
00
*
8 vr
8 Ma
$3.50 conv 1st
1.500
:
—No
preferred—_No
Radio Corp of Amer
45.600
78%
78%
78%
•
8%
8%
%
10 V4
10
10,%
78'A
V
18
5% May
9
4%
12 Ma
27% NOV
i
14
22 Ma
Jan
j 27%
Nov
5
7% Mar 13
22%
Feb
4%
Jan
Nov
33 Mi Jan
July
Feb
33% Jun 27
10
26% Apr
26 Vi Jan
33
Jun
35%
Apr
35 Viz
July
8Va May
THE COMMERCIAL &
2202
AND
LOW
I
I
per share
I
t
per share
8
8%
7b
8%
*7%
.
83a
*8
,
f per
per share
8
51
*49
51
*49
50
*49
S
$ per share
per share
5 Va ",'o
-
7%
10%
47%
10%
10%
10%
47<%
48%
47%
18%
16%
16%
15%
22%
22
22%
18%
18%
17%
55
55
974
a
*9! 4
9T«
*114%
8%
8%
12%
*1774
Jit
9'a
9%
,4934
12 3
13
a
*46
■". ■
4%
4%
;
4*8
27%
15%
15 34
108 %
108
32%
33 Va
32
49
49%
9%
9%
9%
24%
24%,
23%
13
100
*4574
-
47
600
4
*2674
15%
157b
'V15
10834
108
3V
1.800
2774
1.300
1574
4%
2734
10.000
4
190
32
32
32
32
32
49
49
x49
49
9%
23%
23%
24
16% ■16%
16%
9%
9%
24
237b
24
*1674
*1674
17%
974
■
99
*98%
434
4%
98%
-
4%
4%
%'.
98 %
4%
43-4
98 %
9774
4%
1774
13%
9.200
.Union
80
6.900
Union
18
25%
25
2534
25 34
2574
25'/a
2574
13.400
32%
31%
31%
3174
3274
3274
32 Va
6.700
8%
8%
8%
103
103
874
%
103
934
9
974
300
7,600
111
111
110%
112
•
111
12%
12%
62%
63
12%
13 7'b
12%
12%
63%
63
%
62%
63%
14
14 %
13%
141%
13%
14%
79%
80 %
79%
79%
11174
111
12%
11274
340
\
Oct
27
Oct
Oct
Dec
29
54
52
Jan
4
8 /July
27
9% Jun
11
Jan
.95
33% Jan
•July 13
Oct
97b
49
Sep
May
19
6% July
8
3
Jan
13
13 % Mar
8
874
Jan
15
32% Jan
10
49 % Oct
16
2674
Feb
347a
Dec
Jan
4
5 Va Aug 14
17b
Jan
3
Mar
2
33
'6
18% Mar
13
Feb
vb-Jan
3
25
Jan
3
33% Oct
17 Vg Apr
12% Jan
.5
3 % Feb
4
Jan
4
8% Jan
3
,15% Mar
18% July
21% Feb
,3
4
5% Jan
5
68% Jan
1174 Jan
257b July
.16% Apr
17b Jan
69
Mar 25
47b May
Jan
6 7b
90
Jan
May
9% May
26
July
•26% July 10
331% Jun 13
127b Jan
25
Jan
99
Nov
101
Oct
Jan
/
Jun
112% Nov
67
6
51 Va Jan
5
July
107b May
Jan
106 Va Aug 21
9% Nov 17
4
8% Jan
15%
13
20% Jun
17
Jan
-
3474 Mai
50
Jan
5% July 10
1
28% Jan
100
Dec
1037b May
40% Jan
67s
Jul)
1574 July
Jan
23%
July
267b
974 Jan
9.
99% Nov
11
Jan
947b
20
-25% Nov
25
85
$6
16
Aug 14
52 Va Aug 18
10'/a Jun 22
,43% Apr 24
Sib Jan 13
674 May
.
17
July 7
108% Oct 28
3
100
'
111%'.
110
103
834
8%
8%
'
103
*10134
103
103
103
"101
'
:
4.500
<2.800
14
537b
.
Jan
2% Jan
4 % Jan
•
,
-lo
1374
1074
18
35
1
85
19
Under Elliott Fisher Co—No par
1074
1834
July
1374 July
287b July
Nov
11% Jun
Corp._No pat
Axle__——
18
674 Jan
5
July 12
9% Nov
115
'43 'r Jan
preferred—--——10
1.800
10%
17%
58
31
Apr
7'.
——-—1
co——
62 Va
10%
18
24% July
20
Jan
.
81% Oct
100
*6174
10%
17 %
32
92
100,
—
'
*6174 ■62%
10%
18%
X25%
6
1.400
10%
18
32%
4
13
10%
18%
26%
13
5% Jan
No par
*1274
10%
18
%
12% Jan
50 74. Feb
:,
12%
370
10%
32
par
preferred——No par
Bearing--—No par
-2
TranscontT & west Air Inc.———5.
Transue & Williams St'l—l-No par
Tri-continental .Corp———1
600
■.
99
26
7%
16%
preferred
—
—No par
Truax-Traer. Corp-————No par
Tuhfte Rayon; Corp——~1
20th Cen Fox FUm Corp——No par
$1.50 preferred—-u.—*—-*No wr
j
$4.50 prior pfd———
No Par
Twin City Rapid Transit—No par
7'% preferred——————100
Twin Coach Co————
-1
93
Jan.
13
Tlmken. Detroit
14.900
4 V*
98
99
Jan
16% Nov
Timken Roller
4.600
24
8%
27% July 15
100
Transamerica: Corp—
3.500
:
4%
4%
19% Mar 16
Thompson (J R)
—25,
Thompsou. Products —
No par
'Thompson-Starrett Co——JVo par
S3.50 cum preferred-—N( par
Tide Water Associated .Oil—c —10
$4.50 cbuv preferred--—--No pur
•1,800
9%
14% Feb. ' 4
4
Third Avenue Transit
2.500
49
9%-
•
4174 July
37% July 14
'
'
108
Va
*48
9%
16%
17
*12 3a
13
46%'
67b July
33%, Dec
19
9
$3 div conv
1.200
537a July
Jan
8% Feb
.7 % ;■ preferred r—
67c: preferred
30
574
31%
32 y8
49%
*574
137b May
Jan
32% Apr
Mfg Co———No
conv
Thermold
4.500
874
4974
"49
53/4
108%
308r
108
108
49 %
17
15%
15 3 u
15%
15%
8 34
49%
27%
■' '"•
Jan
3%
6% July
•
86
4
27
26%
40
117
*8434
.574
46%
4Va
4%
281 a
700
934
*115 34
8%
*12%,
46%
•
S3.60
Thatcher
8%
417b
5
28
Texas & Pacific Ry Co—-
Jun
Apr
-5 % Ma r
5
Jan
15
,
874
45
•
10
123,4 July
50%
5% Jan
17 Va Jan
The Fair
934
9%
*49
5%
150
86
3%
a
1.300
115
*84%
83
1774
5574
1774
*55
55%
115
8
2134
600
Jan
4 % Feb
10
Land Trust-;.——l
Texas Pacific.
92.300
Jan
3
44% Sep
Texas Pacific Coal & Oil
14%
35
13
--No par
/Texas Gulf Sulphur-
2134
13
50
No par
"
1374
18%
*54%
86
*
12%
"107%
t
16%
55 3 a
8%
46%
28%
4%
1774
9.000
.
22
'
28
5,000
18
Va
14%
17
?
*5%
45%
3574
18%
*49
13
47
35%
6
22
1141
6
48%
"12%
574
5%
18
114%
49
5%
574
Texas Gulf Producing-:
16
*8434
8%
49
6
"5%
;
86
*8 7s
'
,
50
."49
Texas, Co.
22%
*9 34
115%
*84%
86
Tennessee
7.600
35
*54%
115%
9 74
"8414
1.600
5.700
357b
17%
55
"114'
1074
477b
18
15%
18%
55
1074
47 Va
19
Oct
8% Oct
5
lOVa Mar, 29
•;
Corp---—:—--—5
(The)———_——25
10%
35 Va
*2134
«telautograph Corp-—-5
$ per share
8% Jun
-3
12
48
17%
16%
22
•1.900
774
Jan
Jan
4% Jan
10%
53a
35 %
17%
17%
17%
*7%
7%
7
42
47%
; 48
s
53s
35%
35
35%
3.5%
734
10%
103 a
473
6
5%
6%
6
7%
*7%
7%
8
8
—9
Highest
J per share
t per share
share
partic preferred—-—50
TalCott Inc (James)
51
*49
51
t per
Par
500
*8%
8%
34
*49
lowest
Lowest
exchange
Shares
share
Year 1943
Range since January 1
Highest
stock
york
new
for
the Week
Nov, 17
Nov. 16
Nov. Jo
Sales
Friday
Thursday
Wednesday
Nov. 14
Nov. IS
Nov. II
Range for Previous
stocks
HIGH SALE PRICES
Tuesday
Monday
Saturday
Monday, November" 20, 1944
FINANCIAL CHRONICLE
10
•
47a
17
2474
347b July
Jan
974
-777b Jun
674 Jan
14% Aug 21
1174
Jun
U
80 Vr
79%
119
*118%
119
114%
114%
*113%
18%
*118 %
109%
101%
101%
28%
"118%
1%
1%
15%
15
31%
1173 a
22%
*116
66
26
147s
105%
10%
10%
"106
93a
106%
16
16%
75
:
14%
14%
50%
*50
37%
7%
29 %
10
9%
36%
45%
45%
'
774'
9%"
.
56%
25%
.
57%
42%
174
1.700
tU/S Realty
7,100
26.300
13234
25 3«
25%
2574
25%
48
■48
4%
102%
*1013a
1047 a
102 %
■
■534
*37
10434
15 Va
13%
574
*'5
36%
4%
*102
1574
15%
15%
5%
4%
5
5
4
34
4%
*102
15%
4%
-
37%
37%
7634
77
*173%
.
36%
76%
18%
18
127b
12%
123V:
29
29%
117
117%
119
19%
14%
14%
48%
.
481
a
78
*75
2334
3%
13%
*47%
*77
23 %■
4
233b
*3%
58%
57
117%
1-19%
117%
56
38
7534
75%
1834
18
30 '
29%
18
12 74
29%
2934
29%
1157a
*1153b
1177b
*1157b
117%
13%
14%
*77
56%
49
*7534
78
374
56
5634
300
*77
83
2334
*2374
24%
374
*3%
■
57
56
'56
1.300
.
11774
117%
230
55
*54
55
5634
5734
57%
573a
90
*43%
45
*44
46
*44
46
43%
44
43
'43
3834
3834 "38%
"123%
37%
37%
*125
134
*1177a
*
37%
■3834
134
*125
*146
*146
118%
119
132
*125
118
129
*146'
*146
*38
*125
; 600
5nbn-cum.
*12^4
123H
30%
63 7
a
87b
X105
123b
30 7«
105
64%
'
5934
59%
5974-
127b
127 b
1274
127b
2203,
3011
30
105%
*30
,
1057a
,
129
106
1974
*18%
8%<
8%
87 b
64
64
3074
1( 6
"197 a
19
:
8%
•
8 7b
657b
*5874
5974
1274
1234
,
30%
19%
1
87b
3974 Jun
Jan
4
Jan
■•"■
137b Jan
'
9 7b Sep
5
108
15
Jul?
Oct
447b Nov
30
4
Sep
X4274 July
*
Jan
774 Apr
.19%
114
Apr
Oct
"
10
July
6
377b Jun
Nov
;
,
:
2% Jan
20
2
6,
87b Nov
9%
Jun
377b May
.42
July
447b Jun
Jan
ii Jan
2574 Jan
101
37b May
46% Sep
6174 July 13
46
77,74 Aug 21.
64%
130
Dec
Jan
31
1497b Oct
July
.
Jan
32
54% July 14
7
13
,8 7b
297b Jan
18.
,
474 Nov
297b
27
477b Oct
Jan
,•
May. 25
44% Apr 26
.
,
62
May
Jan
74
Nov
Jan
8
-
487b Feb
47b Nov
.4
5 74 Oct
18
104'% Nov
10
14% Jan
4
4
31
Jan
4
68
Apr 27
80 7b Oct
11
162
Mar 20
1737bNov
2
-
1
pat
.,
-
17b
9
Jan
-
187b July
6
•
July
397b July
237b July
4
3
Oct
11674 Sep
52
Sep
12
374 July
3
Oct
88
Oct
Dec
207b July
6% July
30 y8
v
No=v
5974 Jan
150
157b
5
Oct
,
.29
Apr
507b Aug
Jan
27b N(
3
1197b Jun
6
o'an
v
13.7b
5
'5-
125
Jan
74 Jan
5
137b July 11
4
20
597a July
July
Jan
56
•'
28
.
•.
267b Nov
427b Jan
23
28
; 3% Jan
j
112
277b Aug 30.
2% Apr
.76
par
-.1
477b
637* July 10
135 7b July
2% Jan
:,
100
-
-.
May 18
22
165% Nov
Jaw
.257b July
87b
Jan
25%
Jan
115
41% July.
757b July
Jaw
Mar
127b
Feb
377b Oct
120
Oct
17
17% Oct 30
20
12% May 15
147b Aug 30
44%
Oct
407b
Dec
€3% Jan
15
8074 July 27
51
Jan
65
70., Feb
11
8574 July 21
57
Feb
67 Tb May
217b Jan
7
257b Aug
1
574 Mar 24
207/3
Nov
267b
274
Jan
67b July
Jan
68% July
51
417b Jan 25
preferred—-—100
—5
Chemical
~
'
•
—..-No pat
37b Sep 14
7
14
17
37
Jan
21
44
33
Apr
19
Sep
1137b Jun
21
6234 July
5
120
Aug 23
38 % Feb
50
Oct
39
Aug
Feb
45
Oct
40
Oct
617b Nov
10
20%
Jan
Nov
16
27
Jan
3874 Nov
15
2974 Jan
20
80
Jan
3574 Sep
110
Aug
6
113
Jan
150
102
Jan
4
125
Oct
149
Feb
14
155
luly
40
Jan
3
Nov
65 34
.
40
3,300
*1934
19 3 4
500
•8%
8%
•4.800
1
W
preferred
100
...No par
Walgreen Co—
—No par
4Yf 'preferred-/:.—.:.--———100
500
'30%
107
I*
RR 4%%
Waldorf
700
65
113
48
,50% Apr 19
Xll9% Tan 27-
.,
—-—.—i.5
Ry—-—100
Wabash
1.600
*106
.7574
1817b Apr
107b Oct
57b Jan
,•
74* May
'
•
63%
-
Virginian Ry Co—.—
25
'6% preferred—.—.——
25
Vulcan Betinning Co—
100
Preferred
———100
*146
59 %
60
19%
834
page
12j4
X30vb
637b
66
20
20
fooiuntea .see
30%
Kfi%
*105
59
Dec
69
•'6% fiiv partic preferred—
100
•Va El .•&. Pow $5 pref—.
100
Va Iron, Coal & Coke 5% pfd—100
V
537b
13
997b Dec
"■/ .19
Jan
51% Sep 22
preferred-;!.———100
t
58%
,2974 Nov
3
Feb
17% Jan
Va-Carbli'na
:
800
3814
59
168
r
6
3
40
Victor Chemical- Works..—.'
1.200
700
Oct
8% Oct
19
•
130,
'
4
55
118
40% Jan
35% Apr
1 ::'i Feb
■•974 Jan
,Vick Chemical Co,
i-
57
37%
.30% Apr
.
Inc———L_..—10
Vicks Shreve. & Pac
83
23%
3%
*55
78.
*77
23
3%
4
*7534
83
23',
23%
1374
*4774
-
17-
437b July 11
3
Rights common r—,
Ver'tientes-Camaguey Sugar Co_67b
3.700
13%
14
48
78
48
1374
483 a
*7574-
83 '
1374
*47
48%
*78
27
NOV
Jan
Jan
Dec
Dec
5% Apr
-
Jan
;
30
Am———No par
7% -1st;
20
1.200
19%
Jun
474
9%
:
17,
51
Normam,CO--—...—-i%%2.50
Van :Raalte-C6.
2.100
2974
2*974
100
Jan
84%
5
26-
7
10
Jun
Apr
767b Sep
Dec
37b
18
.■
—No par
preferred——
Vanadium Corp of
Van
'700
56%
1173a
Universal Leaf Tob.
'3.800
18
12 74
2974
■-
*11538
*12
preferred—_..—.No
Freferred;''— /^_1 —No
140
,260
8 %
1234
1334 -1834
12%
$6 ..conv.
UniversahCyclops Steel Corp—
Universal Laboratories Inc
600
500
r
■
97b
35
Jan
157b Oct
T:. 57b'■Zipr 24
8% Jan 25
•
*173Va
*173%
*1234
*115%' 117%
*75%
83
*75
29%
!
38
76%
167b
99
4
Feb
110
•United Stores class A——— ...5
4%
38
763b
•
Nov
8
Jan
167b Jan
:
7 r/c non-cum preferred-.--—. ..25
—i
United Stockyards Corp—;
15%:
.
57b Jan
17 '
881
Jan, 19
5
C'o—.........—N0 par
U S: Tobacco
20
r
July
Oct
182
3474 Apr 24
par
Corp..—.i._No par
.100
-Preferred.
.
.,
i * 200
104 V2
3774
ArTmpt——--No
.U S Steel
'
38
*17334
18%
12%
474
77%.
3
76
77
*173%
183b
42
-
1
6.800
4 74
66
Jan'
87b
;•
*
.10
1,200
<
48 %
*48
Jan
/
.
1.700
4874
Dec
9
21% Feb
107
;
,-70 ;. Mar 28
Jan 10
..50
U S Smelting Ref & Mln
—.
.50
Preferred
————
3.800
56
96
17
Nov
127b July
,4
3
Sep
Dec
27b Jan
7% Sep 21
10
/
400
56 %
13274
474
102%
">
75
75
56%
13234
/ < 4%
..
;
56 To
132%
4%
4%
15%
75 :
*7374
a
——
Playing Card, Co—
U S Plywood Corp....__..—....
1.700
434
■
U S
<2.100
52
4%
4%
5%,
148
517a
' 43b
4%
*5%
*14634
52
2574
*48
4%
155«
148
52
'
56%
1327
253a
25%
*4%
47
148
75 '
56 '4
132,34
4834
.
*174
4674
52
■
*73 3 4
57
174
473/4
148
148
52
1%
47 Va
Feb
:
157b
9474
5
1067b Nov
170
.
U B Rubber, Co_—1—— ..to
8 % non-cum -1st prefer red—. .100
42 34
17a
4774
a
7%
97% Jan
.{
..20
,."'500
4%
"15%.
:U S Pipe & Foundry—i—,
42%
45a
"102
•Preferred
400
*4174
17 8
9
<
..10
—.
42V4
473
Feb
14% Jan
►.
U S 'Lines Co—- .—1
12.100
<300
132%
•25%
*48
4
Chemicals—-No par
U S Leather Co..———No par
Partic &,^conv cl A.——No par
Prior, preferred.!——. .100
1.900
■
3
Jan
7
157b Jun
45
19
98% Jan
—100
Paperboard...,——-—10
46
74 V* :
74
56
V*'.
30
28 % Jan
36
52%
132%
2574
48
"48
51%
74%
11% Oct
36
148
148
133
Improvement Co.*^13.%
*45
2
"274 May
3574 Sep
77b
11
Oct
106
Jun
5
17% July
12
4534
48
74%'
7574'Jan
■V S.Ihdustrial
114
974
% Jan
60% Mar
par
36
1%
132%
*97*
x26
177b Jan
907b Oct
Fdy—5
4534
47%
53
9%
*974
1
10
387b Nov
;
Jun
697b Jun
187b Jan
2374
8
267b May
U S Hoffman Mach Corp.——". .—5
5%eonv preferred-...^—. ..50
; 2.400
*
18
1% July
3
114
.
1,300
774
Oct
3874 Jan
36
2
28
22 74 May
Jan
ll3s Oct
45%
4274
3
6
Jun
337b July
55% Jan
3374 July 14.
36%
.
Jan
17b Jan
May
1147b
Jan
109%
707b July 11
787b Aug 30
42%
42%
147%
.734
13
5
22 r
,U S & Foreign Secur.———No par
$6 1st preferred—
..^_No par
U S Freight Co.. j* At kip •** —m* —NO par
U S Gypsum Co————.—- .-20
;•"■■ 7% preferred———. .100
20
1,400
16
10
Jun
114
May
•
Jan
5
United
2,300
1374'
50%
23 74 Nov
4
Mar 23
61
.-5
45%
49
53
9%
*11174
7 74
:
734
130
28%
28
114
1.200
7
*
Oct
287b Mar
1774 Jan
6
Cos—
36
3634
*1%
147%
~3S 34
*11174
7%
36
.
7434
3634
*49 7«
774
28
a
114
7%
48%
;
*111%
*7
80
1.300
93%
10
19
Electric- Coal
47
36'e
*45
44
"43
:
9%
■
36%
287
28
*1334
14
•
1574
182
182
50%
3674
*4934
36%
774
:
93«
7%
>
#
50
36 7a
2.900
10 Vb
7334
73%
182
*18034
Xl3%
14%
7
114
*111'%
8 %
143*
•2074 May
110
5%r preferred
900
106 >
20
34-74 Nov
Jan
United
40
•'.»
7
10
1574
1574
7334
182
*36Tb
M
28%
114
7%
7
7434 ■
,
50 ■•'
.
36%
1574
106 74
106 >;
106'%
*106
15%
*1803a
14%
36%
:
74
;
50 %
*50
7%
28 3 4
14%
;
37%
*111%
74%
674
10%
97
40
1207a Aug 18
45 Va Apr
Gas
674
Jan
1107b Sep
24
'
United Merch & Mfrs Inc_—<
10%
10674
15%
974
United
4
Jan
*2474' Nov
117s Aug 30
6.100
*634
l(t
5
8.100
106 3
9
3374 Nov
4
1234
10874
797b
24%
11
Oct
29% Nov
6
6 •
Feb
45
*10674
•
10
*106
1803 a
74
6%
10
15%
180%
106
6%
106%'
15%
"74
75
1807 b 181
10634
-
10%
,
*106_
,
.j
7
102
1
Jan
95% Jan
43
43
108
800
1234
12%
4234
.
200
,
12%
12 V4
43%
2274 July
1027b July
80%
$4.75 preferred •/.—No par
United Dycwood Corp——-1
Preferred
——100
3,600
15
105 Vb
43%
12%
41%
1147b Oct
-157# Jan
19
43
12%
10574 Jan
18
12%
12%
Feb
Apr
7
127b Apr
Fruit Co——————No
44%
*118
6
31% Apr
United
12%
July
28
—,—.—1-5
Co.-—
3,100
84%
59
•203/a July
$3 preferred-^—No par
United-Drug
8474
85
...i
26
1U*% July
•
3
Jun
26
United Corporation———No par
84 74
843a
7
Oct
United-Carr Fast Corp__—No pat
85
8734
*107
700
United Engineering &
85
7
115
par
200
1.700
87%
107
5
17%'Sep 14.
93,7b Jan
92% Feb
•~~No par-
Carbon CO—*,
33
33
,
Biscuit, Co—._No
United
33
32%
7
109% Feb
18
33
32%
"106
Jan
19
80
33%
'
113
22%'Apr
3.000
33
■
16
1027b Jan
107 b
1074
86%
Nov
100% Feb
6834
68
10%,
-
119
preferred' —i—-——100
•
1074
67 %
1034
33%
19
Corp——5
68
67
1034
43 %
-
9 74
9%
9%
Feb
Air- Lines'InC——.10
4(2%
•7.300
15
867b May
preferred——100
conv
6674
29.500
10574
Dec
No par
United
174
9%
9%
5%,
United
800
;
3734
67
33%
23%
134
15
J174
*767b
25% Jun
United Aircraft
200
•
118
377a
*10474
Jan
20
,
■"
1%
14%
8
82% Jun
preferred—c—100
Union Tank Car——i
500
■
15.400
3174
3774
105%
93 B
14.300
3174
108
1%
147s
lion-cum
Jan
13
7
974 Feb
'
3774
10%
•
700
17 b
69
10%
4%
600
2774
26
6674
10%
10%
5.500
42
147b Nov
Sep
113
pfd—lNo pat
Preferred $4.50 series— No par
.Union Oil of California——-—25
Union Pacific RR Co.—
—100
5%:conv .preferred.—«_100
*24
69
71%
*69
9.800
3734
"1043a
9%
*2234
63
4
15 3
70
.:
Jun
66
7
76
4
Bag & Paper_
—No par
Carbide & CaTb—No par
Union El Co of Mo $5
*110
*24
105%
,
*11634
2374
*22%
66
3
37%
:
3174
118
26
34
134-
1%
10774
32%
3174
*110
*24
38
3134
3174
108
*107%
50
19
*2734
2774
31%
108
v
31%
*65
;
25%
1057b
9%
9%
101
22%
66
37%
106
*105%
101
X2774
*110
1%
.
101
1173a
23
251 b
38%
15%
11074
101
2834
3134
118 Va
*65
37%
,
108
33
23
26%
110
11174
.3134
313a
66
60
114%
19
111
101
*110
"25%
*11334
19 Vb
2834
108 %
23%
23
114 %
1874
101
28%
118%
"110
114%
1874
101
31%
119
113%
113%
7974
110
31%
33%
119% '
18%
X108 %
32%
109%,
32%
79 Va
*118%
10934
28%
31%
80
119
18%
*100%
28 %
14%
119
110%
18%
109
109%
"108%
.
1374
119
*118%
114%
18%
:
System—..
Walker .-tfHiram
tHv Tedeem
1
-
Walworth Co——-—No par
Feb
■
'
106
Nov
6674 Nov
4
1774 Jan
12
48
Nov
x20
Nov
'
"7% Jan
3
14
127b Julv 10
307b Nov
.
fG & W——No par
preferred——r.No par
60
10%, Jan 19
267 b Apr - 1
X105
Nov 14
"
107* Jun
13
24%
Jan
40%
77b
Jan
11% May
20% Jan
28% July
Dec
16
10
9
27"
38% Jan
54%
157b
Jan
187a May
47b
Jan
974
Oct
Jun
RECORD
NEW YORK STOCK
Nov. 13
Nov, 11
S
$ per share
share
per share
;
1% •f
1%
Sharet
53
54%
53%.s
53%
12%
12%
12%
12%
31%
31%
?,24%
19%
24%
; 3iva
24% V 24%
'•31
19%
19%
30%
30%
26%
100
•
,
;■
23%
'23 %
■»
25%
iiV ,99%
117% 117%
23%'.
•.
4%
3.17%
;
V
;
25%
-
.
25'a
■
.
„
33
"65
v.;
-
-
70
8% •
84%
*29%
81
20%
20%
24%
25
9
84%
7%
7.800
15%
•
104%
80%'
20%
81%
29
:
•'
8%
8%
■
400
3.900
20 V®"
*
*7%
7%
2.600
84%
10
"29 Va:
*29 Vat
7Va
•
.8%
30
.'•
'
84%
•
30
'
30
*29 Va
30
8%
*82%
,
*82,%:
.
-■%
7%
•"7%
7
500
Ve
16.500
'
14
14%
14 ;
.
•v
14%
•« ■,
10%
9%
9%
9%
97%
97%
97%
97%
97%
97%
13%
13%
13%
13%
13 /;>
13
*124%
*124%
20'%
43
41%
39
39%
81 Va
79
79
82'.a
82%
81
* 81
85
85
82%
81
•
■
39%
:
35%: 37 Va
83%
76 Va
79%
82%;.
73
.
:
*72
33%
33 %
33%
31%
32%
13 >8
13%
12%
13
12%
13%
/'
*79
*81
72%
79
83%
83%
'
33%
36%
19.000
,
500
72%
18 Va
18%
*18 Vb
'18%
37%
*\U. V*
36%
37 %
36%
37%
105%
105%
*105%
18%
18%
16%
37%
5%
40
5%
17
39%
36%
37 %
5%
5 Vb
37 V4
Yale & Towfie Mfg.
5%
prices; no sales on this day.
-
16%
i6%:
37%,
37%
5<a
tin receivership,
2.500
37%
37%
10.600
Deferred delivery * n New Stock,
a
8 Special sales.
r Cash sale.
'
917,760
Monday—
1,100,980
818,310
847,260
705,660
TuesdayJ—
Wednesday.
....
Friday
3
Feb
10
Jan
19
Jan
16%. Oct
110
Sep
31% Dec
2%
3
Ja n
6 Va
Apr
5%
5
Jan
llVa
Apr
53% July 10
37 Va
Oct
49%
Oct
31 % Juiy
22
Nov
24%
Dec
21
29-% NOV 10
15%
Jan
24% May
81
Jan
100
120
Jan
136
Jun
Jan
40
July
Apr 24
X91
10
7
108% Jun
19
8
Feb
127% Mar
31% Nov
144.
Oct
4
36
Juil
32
July 21
110% Aug
101% May 26
97% Jan
18
Feb
Feb
5
24
112%
Jun
Mar
60
Apr
85
Jan
99
Oct
18
Jan
24% July
84% July i.4
58%
Jan
71% July
22
15
Jan
20
13%
Jan
22% Aug
Jan. 26
2%
Jan
July 18
7
5
29% July
9% July
'
4% Jan 14
■6
Feb
3
20% July
8
Jan
3
2%
Jan
2Va Jan
11% July 10
80% Jan
4
97% Nov
10
pfd—100
-10
123
47%. Jan
-
Oct
Jan
11%
Apr
30
115
Jan
17% Jan
24 Va
Jan
42 Va July
16%
Jan
25%
Oct
8
44%
Jan
54
Jun
NOV
4
46
Jan
57 Va
Jun
July
84
6
108
July
Apr
87 % Mar 14
78%
Dec
74% Nov
1
68 Va
Jan
70 Va
Sep
36% July 17
21%
Jan
31%
Sep
15% July 20
20% July 14
~77/a
Jan
17 % July
30
Jan
41 %
82
Jan
98
Not
Jan
16%
Jun
Jan
37% July
Jan
4% May
6
9% Apr 25
3
42% July 5
Oct 30
33% Apr 24
Jan
•
Dec
30%
14% Jan
13.1,
121
11
8
96
Sep
82% Nov
,
Apr 26
27% Mar
9
44% Oct
5
58
Sep
86 Va
9
24
5
Jan
-49
9Va
Jan
Jun
41% NOV 13
4
69% Jun
;
20% Jan
Oct
6% July
9Va
57% Jan
125
Sep 25
-19% Apr 27
3
36 3 a Jan
•
4%
Oct
Apr
24% July 14
5
10% Jan
•
7%
27
5
1
Jun
86
Jan
40
30% Aug 29
9% Apr
5
Jan 27
Jan
*20%
13
37% Oct
x64% Jan 24
•
Jan
52
7
•v
106 Vs
July 17
,
7
20
Nov
32% July 10
77
7
66% Jan 28
•
29*% May
104% Aug 25
3
20% Feb
July
8
59% Feb 19
-.
22% NOV
4
107
12
105 J% Jan
•
31
24
8
2534 Jan 13
-
106
6
Jan
3
,
9Ve
18% Aug 30
33% Jan
3
19
19%
44% July
3 % Jan
6% July
2
wd When distributed. x-Ex-dividends. y Ex-rights.
Bonds'.
(Number
Bond
s
July
czjt
Saturday..—i
.
$7,153,700
7,477,000
•6,920,009
$2,000 ••
$348,000
300,000
13,000
-
397,000
••
9,142,000
7,819,600
298,000
$38,512,300
$1,676,000
6,000
$103,000
———
Total
$637,000
288,803
$589,000
$48,000
427,000
36,000
254,140
416,000
5,009
455,000
10,000
465,000
Thursday
218,440
240,345
519,000
15,000
534,000
1,306,974?
$2,406,000
$40,291,300
•.
Foreign
Corporate
305,060
.....l_.
8,158,600
333,000
Foreign
Government
Domestics
Holiday
.Monday.
—^—...
Tuesday......'..
9,440,000
•
Sharesy
17,1944
Wednesday
$7,503,700
7,887,000
7,302,000
•
82,000
Bonds (Par Value)
f
of
Week Ended Nov.
Sales
> Bonds
'
4,389,970
Total.
103
16% July
7% Jan
41
-•
Total
Government
"
Thursday.....
4
13
6% July
7
334 Jan
11% Jan
July 10
Nov
35% Jun
Stocks
United States
Holiday
Saturday.—..i....—.I....
109
Oct
Jun
Daily, Weekly and Yearly
Foreign
Bonds ;•/
Shares
•
Week Ended Nov. 17,1944
28
1
No par
1
Weekly and Yearly
Railroad
and MlsceL
4
Feb
26 3 i Apr 25
Oct
87%
119
Transactions at the Mew York Curb Exchange
Transactions at the New York Stock Exchange
Stocks,
Number of
99
Jan
Co
Zenith Radio Corp
Zonite Products Corp
5 400
5 %
'<
5
5%
170
16%
*16%
■
5,600
106
.
Jan
Jan
Young Spring & Wire
700
18%
367/s
36%
106
'
*1053i 106
■
Jail
67%
57
York Corp.
*18,%;.
18%
*18%
106
16% ,16%
50 Va
17
109
23
1
—No par
Youngstown Sheet & Tube__No par
5%% preferred series A
.100
Youngstown Steel Door
No par
1.500
8.600
'12%
9
Oct
3
-
PrloT pfd 4% %
12%
v!
'
Nov
109-
Nov
221'2 Jan 20
—
31%' *'31%
-'
■
12%
83
Deo
Aug
100
3
85
18
•
series
100
Ptlor pfd 4% % Conv series—100
Wright Aeronautical
..No par
Wrigley (Wm) Jr (Del).
No par
1.000
150
80
/
20%
Nov
-
Co
10
Worthineton P & M fDel)—No par
;
5
Apr
Jan
8% Jan
69
26% Nov 14
118% Sep
'
Wool worth (F W)
1.000
77
;
x72
32
32
12%
105%- 105%
>;■ 17
17
•Bid and asked
7.400
77..
81
81
*72
500
42%
35%-
76%,;
Co—....
Woodward iron Co
' 20%
42%
83
79%
101
...No par
Wisconsin El Pow Co 67o
•/ *2038
42%
8 Va July
26% July
No par
Mo tors.—..
preferred....^..;
Wilson-Jones
*124Va '
20%
42%
73
5%
2,800
20%
73
39%
12%
42%
74%'
*73
;'xi2»4
39%
•
*78
85%
me
*124%
42%
40
1.000
20%
20%
41%
$6
97%
2% Jan
17% Jan
-,.16% Jalt
Elec
Wilson & Co Inc
97 %
5
1
103
Sep
July
19
3
-
Apr
23 Va
10% July
96% Feb 16
—r50
preferred——50
Willy 3-Overland
6.500
9%: 10
'
79%
*20%
v
10
97%;
13
*124%
__
20%
43%
20%
9%
97%:
v'
14
13T®
14%
14 Va
9%
9%
•
Jan.
15% July
32%
25% Jun
S
Jan
Jan
85% Jan
No par
No par
White Dental Mfg fThe 3 S1.....20
White Motor Co——.....
1
White Sewing Mach Corp..
$4 conv preferred—.—'—No par
Prior
preferred
...20
Wilcox Oil CO
'
—5
880
20Va
24%* 24%
24% ;
-8%
V: '•' 8 %
*82% ,83
84%
7%
24%
*-
15 Vs
9
Jan
Dec
•113% Apr
Wheeling Steel Corp...
$5 conv prior pref
2.200
••
81
si
•
20%
24i%
10
3
83
Wheeling & Lake Erie Ry-.T-.-100
5%% conv preferred
100
70
104%: 104%
28%
20%
160
107.
/
*65
•
-•
20
18 Va, Feb
Instrument..^
.12.50
Westvaco Chlorine Prod
No Par
84.50 preferred—i.—..No par
S4.25 preferred
—No par
170
29% >29%
80%
*20%
24 %
,
8%//
8%
*29%
.
.
104
partie
Weston
*
*84
30
7%
43
1st
400
70 • '
17%
7% Jan
22
27
Aug 23
31
6
77
No par
Westlnghouse Air Brake
30%
30%
*106%
11
Jan
6% Jan
Westmghouse El &
110
■;< 109% 109%
:
V'//
*65
*
28%
80
80%
106
'
70
104%
28%
29%,
14%
30%
106
Oct
No par
——
2.800
V
*313,4 '>33
33
30%
138%
Class B_i..
1.000
102V* "103%
138 •/.-
109%; 109% /
V
*104
28%
so;
•
■
;
'"'
31
>
106 ;'•'/
•;
*65
•
104
103
^25%
25%
-<■
106
21
80%
;
*31%'
800
;' 27% >28%
•.
'
13 7 Va
137%
20% Deo
22% Jan 26
Cd;
—No par
preferred
——IOO
Auto Supply Co..
...10
Western Maryland Ry__
—100
4%> non-cum 2nd preferred—100
Western Union Teleg elass A_No par
3.300
24% '24%
""
12% Jan
•
6%
11.200
41 %: :;.,42%
19
Western
1,300
;4
1
20% Oct
23
West Ya Pulp & Pap
60
'■':• n v" ;• 11
.
l093/4
;
1
pfd
West Penn Power 4%%
IOO
: 32
•
,
11%'
■;> '42%:'
"27% •; 28 % /
102% 103%
.
33
109%
106
,v>65
"
30
"20%
x32
't
;i.200
23% 'i 23%
6
*108Va' 109%
V
*24% j'25%
28%
*30%
:'•
42
:
138/ '
*31%
110%
;
4%
•
..11
'24%'
138
30
30
*110
"101%'103
29%
6%
109 y.V
.
25
15% Apr 25
.100
100
100
preferred
preferred
VXr
50
'
106
70
120
'
;• %o3% -103%
•
33
106
"105%
108
iit% '117%
July 30
-
101
July
15
33% Jun
A—No, par
.West Pcnn. Electric class
190
*100
*31% -31,% 'J;
■
42'A
27%
;
109
"itiv;;
V
24 3 4
28 %
105
<•31%.
31
<•'29%
V 23 % /23%
•
/
100'
56
May 18
1
West Indies Sugar Corp.,
*106"
:
.
■
'"'41%
140
.
<1110;-v 110%
.
-
*137%
138%
<■31%
■
103
%04% .106%
•138%
25
X27%.
-28% ",29%
.
-
V. ioo ;
■y
101-
4
; 4
*10%
4%
11.:
42%
41%
24%
,
.23%:
109
•
'
*10%
43%
*11/% 117%
32 Va /. 32%
•
'
•
"
42%
117%
•
: 2 3%'.
.
109
4%
•,
106% ■167 %
:
>
•
May
2% Mar
62'
No par
No par
$4 conv preferred-
100
22.400
*100
*108%
32% •32%
,111
'
11
81%
25% 17:25 1
100%
100
23%
..
*108%
33%
81%
/
r
-23%
•';> 109
•' -V*
•
105% 106%
100
<
99%" 100 11 '.
•
Wesson Oil & Snowdrift
Jan
■
22% Apr 25
I
Webster
1.400
26
share
13
Jan
% Jan
22% Fetr 14
No par
Eisenlohr___.^
7.700
23
■
81'Va'
'24%
.
23
Wayne Pump Co_.
1.100
; 9%
9
"
25%
*81-v
.
;r 99
105%
,
81%
30.-
Waukesha Motor Co
700
V 19%
*29%. ; 30%
; 9%
Washington. Gas Lt Co
1.700
24.
'. 4-19%
v
*22% V23%';.
■
25%
500
31%
24v
f per
11% Apr 24
5
-No par
No par
—5
Pdy <S> Pipe
Highest
share
4%
2% Aug 21
9
Jan 27
45
50
—...
Bros Pictures
Warren
S per
11% Mar 31
27
1% Feb
No par
Warner
"
"
-
:
20
%
9
22%
•■
*80%
100 %,.
100
4«
-
•
.
<'00
..v
$7 preferred
1.500
,13
*31%
23% V
■
30,
.
9
22%
26%'
105%
33;,
-
-
23%
*19%
30%
9
...
81%'
*80%
117%
.•.,117%
109
12%
;
:•
i
31%
3IVa
<
;
Va '..19% '
30%
9%
23%
V 25%
106%
:
<•100/
v
31%
,24%
19
30%
101 V
..lOUla
.
13
Jan
8
No par
*
12.600
'
12%
.
'
,•81%;
-26
-
23%
*31
•
Class B
2.700
54%.
54-,
54%
53%
"
19%
9
23% .,23%
''99
•■•
"
30
,
9%
9%
r
1%
'
13
'
12 Va
■
l %
Cl A___
Ward Baking: Qo
I per share
I per share
Par
400
9%
.*9%
9%
/
'1%: C.1%,
!%/•'
*9%
:■
55
54 %
:
9%
*1%
%
1%
*1%
,
*9%
9
9
9%
*8%
$ per share *
per share
I
share
$ per
Year 1943
Lowest
Lowest
EXCHANGE
the Week
•
f per
Range for Prevroue
Range since January l
Highest
NEW YORK STOCK
Sales for
•
Nov. It
Nov. 16
Nov. 15
Nov. IT
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
STOCKS
AND HIGH SALE PRICES
LOW
2203
FINANCIAL CHRONICLE
THE COMMERCIAL .&
Number 4335
Volume 160
;
vTotal.
'
$144,000
463,000
$4,000
$4,000
425,000
$2,524,000
'ft-•'
Week Ended Nov. 17
1944
1943
1,306,974
1,022,600
■
Jan. 1 to Nov. 17
Week Ended Nov, 17
1943
1944
3,973,531 '
4,389,970
Stock;?—No. of shares
■
/v
1944
1943
-
Stocks—No. of shares
224,342,178 .* 254,520,022
Boneli
:
^' •■•;"
'
Jan. 1 to Nov. 17
1944
60,580,643
1943
65,411,806
38,512,300
t
Railroad &
Industrial..j
TotaL
:
.....
$75,000
$5,283,800
$3,135,375
1,892,000 « : 92,331,000 ' • 106,406,600
37,659,200 * 2,231^03,700 2,866,452,400
$40,291,300
4,000
$3,980,000 $151,422,500 $196,175,000
90,000
9,122,000
11,891,000
24,000
1,176,000
1,246,000
$2,524,000
Bonat
v
IX 8. Government
.$4,094,000 $161,720,500 $209,312,000
$2,406,000
$39,626,200 $2^29,418,500 $2,975,994,375
$103,000
1,676,000
/
114,000
Foreign government—
Foreign
corporate
——-T———
Stock And Bond Averages
representative stocks and bonds
b|{ow
listed
on
are the daily closing averages of
the New York Stock Exchange as compiled
-Stocks-
by Dow, Jones & Co.
-Bonds10
10
30
20
Rail¬
Utlli"
trials
Date—
roads
ties
Total
Total
15
Indus¬
t
10
Second
10
65
Indus¬
Grade
Grade
Utili¬
40
Stocks
trials
Rails
Rails
ties
Bonds
First
Holiday
Holiday
November
r;«-
11.
41.87
25.34
110.41
85.06
102.85
13
146.97
108.90
November
145.60
41.30
25.19
52.50
106.89
110.27
84.80
108.84
102.70
14^.
41.30
25.13
52.50
107.01
110.31
84.64
108.89
102.71
15.—
145.64
107.10
110.46
"■"85.02
108.80
102.84
.107.04
.110.40
85.05
108.86
302.84
'November
Hi
i
en-
November
November
16_„
November 17-
53.03
145.67
41.58
25.15
52.60 '
145,77
41.62
25.12
52.63
107.04
.
\
•,
THE COMMERCIAL &
•2204
Bend Record
■
New York -Stock Exchange
«»
•
aFRIDAY
WEEKLY.
-
YEARLY
-
the
WEEK
ENDING NOVEMBER
\
.
BONDS
'
,
•
P. S.
'
•
.
•
'
•
-
'
,
^
Government
Low
3 '/8S__—A————1949-
1952
3s___.—1—
1946- 1948
Treasury 3s_—
1—
—1951- 1959
Treasul-y 27/aS__
—-—1955- 1960
Treasury ,2%S—__
1945- 1947
Treasury 2%s~_,
.____1948- 1951
Treasury 2%s
.___———1951- 1954'
Treasury 2%S
-.—1956- 1959
Treasury
BONDS
103.27
104.3
*109.27
109.29
109.28
103.22
104
110.13
*112
112.2
111.16
*101.28
101.30
102.3
Treasury
Treasury
m-S
Treasury
Treasury
Treasury
Treasury
Treasury
111.21
j-d
*111.26
111.7
111.28
*111.19
111.7
102.28
;
•3%s
Series
No. -27—
3%s
Series
No.- 28———
106.24"
106.14
106.31
1952
M-S
*106.31
107.1
107.7
107.7
*103,29
103.31
103.29
104
MS
12
*100.18
100.20
100.11
*100.6
100.8.
100
100.16
100.3
100.2
■25
.100
58
100
100.11,
100.3
8
100
100.14
,
j-D
*106.7
106.9
106.9
107.3
3s
102.8
102.8
106,18
107.11
A Carlsbad
M-S
*100.17
100.19
100.2
100.20
ACbile
J-D
*103.21
103.22
M-S
*101.31
102.1
10T31 1OT31
*104.10
104.12
104.8
104.8
*101.26
101.27
101.26
101.26
101.17
101.6
101.7
101,7
100.21
*100.23
100.25
100.5
100.26
j-d
*105.4
105.6
*101.11
101.13
loTi"
series M__—
York
New
100.20
100.28
&
*104
103'/«
1047a
15
1958
101%
105%
-1980
J-D
__1960
A-O
-I960
A-0
18%
•18%
18%
19%
18%
F-A
19%
F-A
8s
External
113'/B 113%
assented-
assented——
A6s
■
108% 114-
41
,
1948
A-O
*60
of
1928
1927
Rica
(Rep of)
M-a
*68 Vb
53
50'A
__
60'A
66
86
78
73
75%
29%
41
_1952
j-d
75%'
_1953
M-N
73
——1951
7s
M-N
29%
29
34
41 %
30
*40%
42
34
*40V'a
41 %
82
,59%
26
^
'
57%"
,10
'21
21
79%
33%
81%
81 %
_:._1977
—
33 VA
17
30
16%
31
5'As
*287«
32
16%
31
5 %s 2d
sec
s
f 7s 3rd series__1957
A-O
28%
28%
16%
30 %
J-D
93
93'A
56%
95
33'A
,,2
,
4,
.
U-N
1972
-94V4
95
F- a
1972
100
100%
M-N
a-o
91%
.-
91'A
:
"
J-J>
MS
m-s
M-N
100%
j-j
*96
~
__
j-d
=
:
58 VA
' '
60
1
A6s
Haiti
part
paid
(Republic)
AMedellln
102%
Mendoza
102
Mexican
"SO/"'
56
a-o
56
57%
56
3
56 VA
58
■74
!'■
A4%f
65%
47%
58%
55 >
56
a-o
57%
56%
58
53
53
53
59'A'
59
60
—
■
56 VA
(Colombia!
j-d
56%
64%
1
■
,100
5,
of
1899
AAssented
Nov.
to
4s of
to
16%
16%
1
14
97%
a-0
97%
32
32%
98
98
J-D
1954
J-D
32
21%
,.19%
75%
16
98%
",'95%, 100 %
3
■12%
19
16%
98%
10%
11%
9V»
1
33
88
13
10%
*
M-N
,.1943
1942,
—:
5,
16%
16
-
*10%
1943
~Q-J
—-1945
q-j
*19'/a
*17
1954
~J-D
7-7
17
v-
17
*10'/a
agree
1945
1942,
'
17
agree
1942,
11%
*10%
agree
1910.—
Nov.
6
*100 Vs
1899 £
5,
18%
18
a-0
AAssented to Nov. 5, 1942,
Assenting 4s of 1904™V:.'
5 A Treasury
53
497/a
7,
-
•■•'23'
45
101% 106
30
100
1954
7
Nov.
to
extl 5s of
(US)
A Assenting
56
::y
II'
51
M-N
assented
stamned
AAssented
A-0
1065/b
*46%
106%
—i960
6%s
Irrigation—
63%
Stamped pursuant to Plan A
?,
100%
7s—1^57
(Prov! 4s readjusted
47%
99
-
j-D
——1968
f 6s series A
1952
s
AAssentln? 5s
A
A-0
4
100
*
j-j
1964
—
(State Mtge Bk)
AAssented
63%
Stamped pursuant to Plan A ..<■
101
2
100
*100
1949
i
paid
A Mexico
J-D
stamped——1949
A Jugoslavia
101 1 ; 106%
43
100%
84
100% 100%
100%
__
part
100 %
*100V4
59%
A 7s
100%
^104
85
92
A-0
A-O
Irish Free State extl s f 5s__
98
"88
100%
A-O
101'
•
86 %
M-S
unstamped-
84%
92
*100
1969
.1967
1
,
*14
10%
10%
7-7
15
H-i'.,
•>i.17 —
>19%
■
7__
6s of
to
1913 assent :^. 1933
Nov.
5,
1942,
agree
_1978
J-D
65
!
16%
5 r;o funding bonds of 1931
Stamped pursuant to Plan A
(Int reduced to
External $ bonds of
3.375% )
'
Series
No.
3%s
.;
1979
A-O
58
1944 (Plan B)—
3%s
Series
No.
3%s
Series- No.
3—
3%s
Series
No.
4
3%&
Series
No.
5___—
334S
Series
No,
6
3%s('Series
No.
7___
3%s- Series
No.
8_,
2
3%s
Series
No.
3%s
Series
No.
3%s
Series
No.
Series
No.
Sereis
No.
—
53%, "
■•
___
■
,
53%
53 V'a
52 V4
__
'52
.
'
—
3%s
Series
No.
No.
Series
No.
Series
No.
3%s
51%
■
*51
*51
I.
Series
No.
'•
___
No.
20
—.
19_^
3%s
—
•
18
No.
Series
of,notes
Sf"
page
61%
52'A
52
■
61 Va
58%
'
•
..
2
•
'w
»
55
54Va
«.
54 Va
.
.
57%
54
•
60%
11
■
'
•
__
•
58%
59%
—
■_■_
'
'
SECURITIES
"
■
/
•
'
FIRM TRADING MARKETS
60
55%
55%
52%
52%
4
52%
58%
33
3
53
52
7
52
56%
Parl marks & ro, INC.
v*
rl
1 *
56%
,
__
■
*51
*51
*51
:
-I
58%
51%
54 '/a
51'/a
.
60
-
537'a
__
FOREIGN
62
52
523/b
—
17
3%s-Series
61%
52%
5
5
For Financial Institutions
617 a
53
__
16
3%s
26
*51
*51
15
3%s
_».
*51
14
Series
54
58 %
*51
1
,
—,
2
53 %
58%
—
53
53%
-3
,
53
52%
la:::::—::::—
3%s
>
.
52%
-
13__
3%s
54
53
■
•
53
53%
.
*51
56%
55
__
'
—
,
■
50 Broad Sh, New York14, N.
;
t
Y.
57%
53%
59%
547/a
'
FOREIGN SECURITIES SPECIALISTS
60
Telephone HAnover 2-0050
i6%
13.
-,'15
'i8% .18%
56
AAssented
11%
9%:i. 10%
—
14%
*14
agree
17%
,14% '17
;
11%
Stamped pursuant to Plan A
(Int reduced to 3.3%)
.
*100
1969
7s
67%
82
MS
1961
(Republic of)
50%
75
A-0
series
101
92
p» -
y: 14
97
93
93
-92
32
*101% 108
__
j-d
r
y
lOO'/a 100%-
97
__
8?%
82%
55''
91 'A
100%
1050
__1949
119
91%
91
A-O
'
108
Greek Government—
99%
89
29
95"
* 100
100Vb
_1957
•90%
98% 101%
3
100'%
7s
F-A
series__
1st
French Republic 7s
'
5%s„—1940
Customs Admin 5'As 2d series
AEstonia
■
1926—1940
sink fund
series
*28%
33'A
1942
External gold 4%s—!
1962
| A Dominican Rep Oust Ad 5%s___1942
71
VA
35
33'A
A-O
—1952
75%
F-A
77
A-0
Ry)___.
.2
M-N
1947
—1955
j-j
(Central
41
A-O
1948
5'As
1945
(Int reduced to 3.375% )—~wl979
41
1947
89%
__1957
A7s
51V4
89%
f 7s 2d series___1957
'
69%
'39%
3
68%
'48%
71%
s
(Int reduced to 3.375% ')—1979
AExternal s f 6'As of 1927
1957
69%
57%
20
68%
68%
49
86
gold
f 7s
1951
57%
3
49
68 %
68'/a
j-j
85%
External
f 7s series D—
1978
A-0
69
s
Stamped pursuant to Plan A
?•
(Int reduced to 3.5% )___
AExternal s f 6'As of 1926
:
1901
59%
AExternal
.
17%
28%
16
27%
84
s
1953
"
14%
17
17
?*20
*82%
sec
__1941
17%
J-J
AExternal
f 6s
16%
17
A-O
IA Denmark 20-year extl 6s
60
§A2d
External s f 7s__-_—________ 1953
18
16'%
75
35
s
j-d
15%
s
*77
17
(U S of) external 8s
m-S
18%.
"•17VV
*149
*32'A
External
4
A-0
j-j
'
1
18
18
'/a
A-O
1945
IA Brazil
18%
18%.
M-N
1961
5 'As
f 7s series C__
external 6'As.
18%
17%
M-N
M-S
18%
J-D
wks
s
External g 4'As of 1928—_
15%
-9
17
1945
Public
External
Belgium
18
104% 106 %
100%? 108%
104'/a? 112%
139%' 152
§ A 1st series 5%s of
5s of'25-1955
17'/a
18%
*106 - 109%
35
1927
.:
18
*104'% 105
35
Of
is
2
*106%
17
5s
A-O
18
18%
18%
16
17%
21
17%
18%
.
.
J-J
17
(CommonwTth)
A-0
—1953
33 'A
External
V15
j-D
1970
debt—
33'A
Australia
17
J-D
AExternal.
y
*16'A —
r-A
external
33'A
loan 4s Apr__
18%
4'As
33 'A
f extl conv loan 4s Feb_
18%
16
18
103%
j-j
S if extl conv
19
17
18
*16%
:
18
*106
j-j
_1971
19%
19%
:,v16%
33
18%
MS
1943
8
Oct
—Jan
bonds
f 7s series B_______1945
4%s
19
•16%
V 17%
23
1951
—
f S
s
s
loan
20
'
AExternal
S f conv
17%
,-'•16%
(Republic of) 5s of 1914—1949
External loan 4%s—■—
_1949
(Colombia)—
^1958
1
21
19
18%
_1960
(Hukuang Ry) 5s
of
A
external 5s
*18%
■
j-D
A Czechoslovakia
sink fund 6s
(City)
18%.
19%
V
v
18%
j-D
Cuba
1-1693
*60
Antwerp
18%
19'i
16%
(Rep of) 8s ser A-1951
ASinking fund 8s series B
1952
NY
New York
AGtd
A
■
y-s-f "
1962
(Cltyi 5s__
25-year gold 4%s—
Municipal
Argentine (National Government)—
S f external 4'As
1948
.y._ '
_1960
Mtge Bank 6%s
ASinking fund 7s of 1926
ASinking fund 7s of 1927
Teletype
42
20
-16%-
--17% •19
j-D
-1962
A Colombia
York Stock Exchange
Broadway,
4s____1968
'
1961
+.
Sinking fund 5%s
(Dept) coll 7s A
'
1961
Copenhagen
Members New
19
20
-16%
'
(Republic of)—
external
A Costa
10
18'%
■
'
_1961
assented
A 6s
3s
Wertheim & Co.
series
A-O
1961
—
A68
P -A
1st
A-O
1957
AGuaranteed sink fund 6s
Chinese
16
19%
19
17%
2
18%
18%
M-a
M-N
A6s assented—.
AChilea'n Cons Munlc 7s
A 7s
1947
AExternal
1961
1957
assented—
19%
M-N
AGuaranteed sink fund 6s
19%
•
—J963
Mortgage Bank 6%s___;
16%
18%
19
.—1963
A6%s assented
19%
24
18%
19%
j-j
1962
sinking fundi 6s
19%
4
■V- 16%.
18%
19
.
m-3
:
45
18
-
1962
Sep
sinking fund 6s
AExternal
A
(King of Norway)
1961
18
;
23
J
'
18%
j-j
___Sep 1961
assented
Colombia
sink fund 6s_
A
Jan
A6s assented.
;
AGtd
AAutioqula
f 7s
s
Extl sinking fund 6s
100.28
113Vb
104%
2
(City)
Afis assented——
,
120
j-j
1
18%
A 6s
Agricultural Mtge Bank
Akershus
j-j
a6%s assented
._
2-2300
Govt,
Foreign
1953
18%
•
Foreign Securities
REctor
103%
15
ASinking fund 6%s
Corporate Stock-
Telephone
10 i '/a
AExternal
City
1037 a
*102% 102'/a
m-n
10l16
*100.19
j-d
103%
101%
1
1942
A
106%
101 Vs
r
5
,.
*11
Transit Unification Issue—
3%
102% 102%
102% 102%
m-n
A Chile
1945 -1947
106
;i027/s
J-J
(Rep)
aBs
'■;.
IO41/4
8
,106
M-N
.
J-D
106
108% 110%
,26
A Extl
sinking fund 6s—:
Feb 1961
,•; -ns assented.—
—Feb 1901
ARy external s f b's__
Jan 1961
,r
\;62%
50
110%
1942
100.19
100.9
100.14
v-: •■5.
88'4
103'% 103%
*21 '
44%
'
100.14
86%
j-j
A6s
100.16 100.19
J-D
J-J
73%
73%
61
110.
110
87%
15
1948
AExternal sinking fund 6s_;
100.28
*100.24
A-0
j-j
^7s assented
101,10
M-S
j-d
84%
86%
/
■72%
16
195«
101.20
M-S
■',
3s
101.24
*101.15
84%.
*58%'
72
46
,
——Jan
102.7
M-S
83%
r
_Jan
106.30
ioTa" 10T19
83%
,
95
90
'\
83%
84
15
—
*102.5
101.23
99'a
102
Jan
*106.28
*101.22
9934
•95%
83%
82%
A-O
_1961
—
%s
j-d
*101.21
__1960
3s
3s
2
Owners' Loan Corp—
1 Vis
3'As
30-year
'
*90—
82 a/<
F-A
1967
^.1968
25-year
100.18
j-d
30-yr 4s__
(Dora of)
30-year
100.9
M-S
—
f $ bonds——
s
58%
'
92
lUl Vs
j-j
100.16
j-j
*lul
55
.
92
98'/2
M-a,
1984
*100.14
J-D
1951
f 4%-4%s
s
•:
56
98%
*96
•
•
52%
.
s
external
j-j
■
98%
59%
•
,
__
•:, *51
985/b
M-N
M-S
:
'
1973
Canada
100.12
100.3
100.2
j-d
100.3
100.3
j-d
M-S
(Province of) —.
M-8
M-a
'3%
100.17'
j-d
-
gold 6s_—
stamped
External
103.22
103.17
n
s
f 4%-4%s__——_— .1977
1970
Refunding s f 4%-4%s—
1970
External read) 4%-4%s^
'
-v__
•■
58%
55
:
59
59%
51%'
;
38
55%;
58%
'
53
15
■
53
*5i '
t:
j-d
External
.
j-d
.1947
——
103.27
*103.25
•
30___AA__—
1950
(City)
55%
52%
5
',.53
; *5i
__
F-A
A6s
.'
,
__
X
.
No.
Series
53
/-i'%V 51%
f 5s______——. 1957
Sinking fund gold :5s__—
i 1958
103.9
106.16
t
:i
60
54
.'7.52% %''52%::52%':'
26—
Buenos Aires
106.16
<>-•
55%
'54%
52
52
25__^%L—--i
Sinking fund
105.31
M-S
55%.-
.
5
24__———
111.13
102.10
.
52
"
No.
112.6
■
*106.14
—
Treasury
111.15
111.9
*55
52
No.
.Brisbane
*105.29
Mar 1948- 1950
2s_
■
—Dec 1948-■1950
2s_
Jun 1949-•1951
2s__
—
Sep 1949- 1951
2s—
Dec 1949-■1951
2s
March 1950-■1952
2s—
Sept 1950-•1952
2s
—1951-■1953
2s
—1951-■1955
2s____
—,1—1952?■1954
2s_.—.—
—-1953-■1955
l3As—1———June 15 1948
rrcasury
109.12
*102.8
2s
Treasury
111.21
*111.19
High
55'/a;52%
■
i.
,
No.
Series
•3%s
j-d
Treasury 2s—._.
Treasury
106.24
108.19
Low
*51
Series
,
2'As —_____—-1956- 1959
Treasury
108.24
108.22
!
;
SeVies
'•
M-S
2'As
————1967- 1972
Treasury 2'As
1951- 1953
Treasury 2'As——
._1952- 1955
Treas-ury 2'As
———1954- 1950
Treasury
106.3
■v
'"''-I.
23.!—
i-13%s Series No.
'
Treasury
Treasury
*
j-d
———
Treasury
105.30
Range Since
January 1
Sold
No.
3%s
'
—
Treasury
,*105.28
22
33is
103.11
MS
>
Hish
r''.>3%s
112.13
MS
No.
No.
i
■
m-s
Bonds
Friday's
tow
'
111.11
110.9
Series
3%a Scries
104.20
*110.11
-1" 3%s
110.19
*103.20
:
or
■
...
$ bonds (Continued)3%s .Series No. 21—
-i
;
105,18
*103.25
j-d
M-S
-
.
.
j-d
___1950-1952- 1954
2'/2s„____—_——1956- 1958
2 Vis
__—.——1962- 1967
2 Vis
1963- 1968
2 Vis
.——--June 1964- 1969
2 Vis —___—Dec. 1964r■1969
2 Vis
—1965- 1970
Treasury
106,9
i
..
i
,f
Sale Price Bid & Asked
.External
•!
102.29'
105.9
100.15
J-D
j-d
♦
1945
—
2'As
—
2%s_—____
Treasury
100.15
104.3
100.15
*
2 'As—_—
Treasury
1109.24 111.23,
t
'•'-
1948
'as—:—___________
1949- 1953
Treasury 2
Treasury
•:
High
Low
No.
High
109.24'
(Continued)
L»st
,
Period
January f
Brazil
Week's Range
Friday
Interest
Ne'# York Stock Exchange
Range Since
*104.1
J-D
j-d
Treasury 2'As—
Treasury
109.24
v m-s
2%s——___———1958- 1963
2%s—____——
1960- 1969
Treasury
h
a-o
•
.
Treasury
Sold
*
._~1947- 1982
____1944- 1954
—1946- 1958
Treasury
Treasury
Sale Price Bid & Asked
Period
Trea sit ry
TreasUry
Bonds
Last
Interest
4s__—L__
3%S—
1949
3 % s____——1946-
Treasury
Week's Range
or Friday's
Friday
'
Exchange
Treasury 4'As—
Home
of
"
17
•
•'(
York Stock
New
!
r
bonds.
Interest"—except for Income and defaulted
"and
are
RANGE FOR
-
,? /, %
■
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions
week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur. No account is taken of such sales in computing the range for the year.:
The italic"letters in the column headed "Interest Period" Indicate in each case the month when the «>onda mature
;
.
:
\
»
•
!
"
'
:
NOTICE—Prices
'
Monday, November 20, 1944
FINANCIAL CHRONICLE
Teletype N. Y. 1-971
■
c..
19
i
THE COMMERCIAL &
Number 4335
Volume 160
2205
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RAxNGE FOR WEEK
Exchange
Stock
i
Mlnas Geraes
38y8i
39 Vz
M-S
38 Vz
38%
32
>
J-D
■-
M-N
1957
f 5s,_%._^x.—l„.._™_1958
'
F-A \
'
A-O
-
M-S
South Wales
(State)-—'
External
Norway
'
s
Oslo
a
Stamp
•
(Rep) exu a 1 o& act A.iyuj
assented 5s__y;.,»j.l963
mod 31/48 ext to—._
1994
A Stamped
•
Ext
sec
Stamped pursuant to Plan A
..
(Int reduced to 2.125# )i~,_~2008
A Peru
(Rep oi)
a Nat
ANat
-
7s—-—.1947
(State of)
Apernarabuco
external 7s—>>__1959
ser—,1960
7s——1947
19G8
a External sink-fund gold 8s>>»1950
A4 Vzs assented—_>»<
1963
APnrto Alegre, (City of) 8s_—„.1961
'Stamped pursuant to Plan A
•
.
(Int reduced to 2.375# ),»,#_J2001
vAExternal loan 7'#s
L——.1966
A4Vas assented..——:
A-O
J-J
*15
:
'•
i
'
;
s
3637%
30;
32
;
Stamped pursuant to Plan A
(Int reduced to 2.5# )
A7s extl water loan
>:
35%; 36
36
f
7s__-_„j
,.
39 >
/;■(// 4
40*
3l)
•;
#
13
:
'40
*38%
90%
'♦ M-S
7
*34.
11
*44
48
...
39Vi. 39% .;
.
;.4/;
37
36
37
J-J
41
62%
62%
717
41%
62%
57%
M-S
62
57%
F-A
441%
41%
44%.
954
31%
44%
M-N
88%
87 %
88%
135
64
93%
170
57
78%
88 V4.
~e -v.;
:
•>:
30
;
1959
3s series G___
mtge
4s
s
mtge s f
-
95
42
52%
6
41%
23
106 Vb
110
103 Va
94
,
F-A
.
95
103 Vt
61 Va
51
61
60%
95
M-N
51%
,
,
■
107% 107%
107%
*103 V'a
M-N
~5
101% 101%
-
63%
58%
101%"' 104 Va
1969
104
—1981
-F-A
*110% 111%
109
112%
*107%
109
109%
;
deposit-
of
——j—
—1952
——.—1955
5s_
Elec
Power
Canada Soucnern
cons
Canadian National
91
.■
1960
—
Guaranteed
76%
76-
79
Can
gold. 4%s——1955
gold: 4%s—L—
—1956
gold 4%s
1951
Ry deb 6%s_—1946
'
J-D
M-N
64%
62 Va
65 Vi
316
44%
A-O
27
26%
27%
53
21%
65%
■'
'
•
21
27
*25
f
29
;
28
"9
89'/a
J-J
87
86%
87%
12
69
87 Va
A-O
95
93
95
62
85%
95
95%
110V4
36
116 y4
118 Vs
A~-0
300% 101
trust
1960
4Vas
Ohio 4s—„>>1963
Carolina Clinch &
-
earners & Gen Corp
A-O
101
J-J
J-J
5s w w—1950
116% 117
/,
118%
.116
13
116% 116%
'"116%
116
118
;ii6%
*116% 116%/
*3.16% 117%
J-D
119
117%
115%
A-O
115%
115% 115%'""
1 '
F-A
112%
112% 112%
2
111%
114'/«
107% 107%
3
107 V#
111%
95
41
84 V#
104% 105
8
100 V'4
J-D
i
■
95
M-S
J-J
941/3
109%. 109%
F-A
J-J
10
69
,
69
.
110%
107%
104%
52
1
69
1C3%
9
*104 Va, 105 V4
106
101 %
104% 104%
J-J
116
;io9
32
107% 107 Va
109"
M-N
97
105%
98
*114%
M-S
1st gtd gold 4s——..—1981
ACent Branch U P 1st gold 4s—1948
tCehtral of Georgia Ry— 7,
A 1st mtge 5s—
Nov 1945
5 A Consol gold 5s
-——1945
ARef & gen 5%s series B
—1959
ARef & gen 5s series C__ 1—1959
AChatt Div pur money gold 4s_>1951
Railroad and Industrial Companies
i!g%
:
J-J
Celanese Corp 3%s debs—:
:m1962
Celotex Corp 3%s debs. ———1955
Cart :& Adir
20%
v*110V'a 111
'
105%
101V2
105 % 105 V'4
105%
A-O
F-A
Ry .4# deb stk perpetual
'Collateral
,22%
:
—Oct' 1969'
5s
5s——4—.1970
tlACarolina Central 1st gtd 4s—1949
62
10/
Pac
1968
3 Vis
gtd 5s A—1962
gold 4%s——1957
gold
'Guaranteed
78 %
10
18%
*15%
J-J
112%
Bldgs 5s gtd
91
#
66%
"19%;
*17 *
83%
106%
ACertificates
California
18%
.59-
1
100
23
63%
60
79
*73
96%
103%
series C—1967
:
Stamped modified
(interest at
3# to May 1, 1947) due—
1957
JBurlington Cedar Rap & Nor—
jjAlst & coil 5s—
i—IS 14
Bush Term
65%
74 Vi"
*76
-
F-A
J-J ; V
F-a
F-A
105
101
Buffalo Rochester & Pgh Ry—
Consolidated
60
*72 '
J-D
104
92 Va
105
*104
108
Canadian Northern
29
106 Va
106
106%
M-S
26
Buffalo Niag Elec 3Vis
.
Sr.
/
76
*73
.
106 Va
F-A
103% 104
f debs_—
Guaranteed
:.75Vi'76%
104'/a
104%
104
Guaianteed gold
*89:,;-.
101%
22
M-S
Guaranteed
91
107%
15
1061/4
Buffalo Gen Elec 4%s B
68
■
89
105 Va
104 Vis
6
102
~#V."
2
104
75 '
.21%
*90
107% 107V»
110% 111,;
10
*91
J-J
F-A
106 Va 106%
91,-
x
101%
110%
22%
"
101V4
IOO
106%
.25//
.18-
100%
101V*
M-N
•"17%;
'
130%
128
M-S
11
18
89
102
3V'2S——-----—1969
12
22
"13
F-A
13
100 V'a 101
90
73 %
*101
11%
*
74
3
A-O
13
rt
■
debentures———————1956
10
;
12
98%
88 %
6
"12%
12%
88 Va
88 Vz
37%
:'
"l
35
61
56%
101
66
.
88 Vz
M-N
36
56%
88%
57
*100
40%
^
J-J
J-J
84%
83
84%
*104%
39 Vi
;
•
J-J
74%
72%
74%
A-O
.44.
35
,-v'.
J-J
M-N
44 Vi
39 Vi'
.
130
12%
M-N
•
566
62
101
63%
M-N
.
68 V'4
62%
100
M-S
130
35
M-N
M-N
•'
'
46%
J-D
3
63%
M-N
M-N
J-D
J-D ;
extl conv—^—...1978
440
A-O
Bush Terminal 1st 4s
F-A
F-A
readjustment..;..———1984
A Warsaw
(City) external 7s—.—1958
A4Vis assented—
—1958
50
.
33
v,
A-O
3 Vis extl
68%
1st M 5s series II
M
.1955
1st gold 4%s series JJ——_>—19G1
1st mtge 4s series RR—
—>1960
Ainc mtge 4%s ser A——July 1970
tABoston & N Y Air L 1st 4s
>1955
#■>V"
*37%' 4i%"-...
J-J
A-O
4-4y4-4Vis extl readjustment—1978
62%
63%
J-D
1951
/Gen
43 Vi
43%
—'
J-J
•••
41%
,
50 -V
'
'.
- -
conversion——.1979
■3%-4Vi-4&
40%
#:" 39
.6
.
1
73Va
970
Bklyn Union El 1st gold 5s———1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A_„—_1947
i', 44%
38 %
43% '46 V
J-J
M-S
-
204
62%
,
93%
*
43%
J-J
,
98%
58%
Bklyn Edison cons M 3 Vis———1966
42%
30
8
J-J
s
.
"
35 %
;
—-1940
97
62
J-D
A-O
Consol mtge 3Vis series F_—
•
■/-
-1951
1960
"Consol mtge 3%s series h;
.—1965
Boston & Maine 1st 5s A C—.—-1967
?J. 43%
81%
6
.
J-J
1999
1958
——1951
stamped
Consol
35
-
■"
97%
A-O
Bethlehem Steel Corporation—
40 y2
>
34"
41%
■' 40 y2 '4I V4 "ii
35%". 37'
.'x
37
M-N
v
224
V
Telephone of Pa 5s series C—--1960
2V4S——J.950
Bell
48%
;
29
i
34
• X
90%" 91%
;
,41%
M-N
-
1962
;
A7s series B sec extl—i..;
1962
A Silesia
(Prov of) extl 7s——1958
A4Vis assented
1958
Sydney (City) s f 5Vis
^—^--—1955
AUruguay (Republic) extl 8s
-1946
AExternal sink fund 6s..—^-1960
AExternal sink fund 6s_-. .—.—1964
334s-4-4Vis (S bonds of 1937}—
External readjustment-——1979
External
4s
■"/
*;
93'%
92%
RR—
«Con ref 4s-:———
Beneficial Indus Loan
Serbs .Croats & Slovenes (Kingdom) —
secured external
due———1950
to Jan 1 1947)
Toledo Cin Div ref 4s A——.—1959
36J#
"
.
Stamped pursuant to Plan A
(Int. reduced to 3.5# ),-,~>1978
A8s
..Feb 11960
duc_>>
Bangor & Aroostook
41%
y
34%
J-D
Stamped pursuant to Plan A
(Int reduced to 2#)__——2012
s
M
,■
;
Stamped pursuant to Plan A
(Int reduced to 2.25#)—-2004
Afis extl dollar loan
——i——1968
SAfiecurea
45%".
:
1996
—
Beech Creek Extension 1st 3%s
44%"' 45"'##.
45
'
M-N
-—1950
A8R- external-^-.
;
r
1936
2.5#)——1999
(Int reduced to
—2000
Pgh L E & W Va System— "'
Ref gold 4s extended to—^1951
Slwest. Div 1st M (int at 3Vi # '.-•»•
-
103
:
36%
J-D
f_:——i—:_„1957
Paulo (State) 8s- _»
Stamped pursuant to Plan A
,
.: 37%
'
Stamped pursuant to Plan A
(Int; reduced to 2# )_i.»»2012
IA San
A Conv
50Vi'-
.
41
J-D
>
95%
70%
92%
A-O
(int at 1# to
rRef & gen ser F
2%s
.
High
iiuto
(int at 1# to
Sep 1 1946) due
v
?
•
.1952
(City of Brazil) 8s_
A6M>8 extl secured
:
35
41%.';
41
v
100'/a
102%' 1027a".
A-O
fund 4s_^. 1964
ASao Paulo
m-
44%
34-
40
2,25# j—#2004
Fe external sink
Santa
45
/
.
to
reduced
."(Int
26%
;
"Ref & gen ser D
•
■
i.
1967
loan
12
,
Sep 1.1946) due
F-A
Stamped pursuant to Plan A
;
;.v
municipal
,
36
F-A
Stamped pursuant to Plan A
(Int reduced to 2.25#)——2004
A7«
x
31-
14
,
loan of 192«—1966
A 7« external
32
.26
28
(50
s
Sold
AO.
*
;i2%
;
Stamped modified bonds—
■
i
lst mtge gold (Int at 4 %
to
■V > Oct 1 1946) due
July 1948
i- Ref, & gen ser A (Int at 1% to
\
Dec 1 1946) due———1995
/
;Ref &, gen ser C (Int at 1%%
to Dec 1 1946) due
.—>1995
-
'
2012
Range Since
January 1
Bonds
•
Htgn
.
'
A-O
AGr external sink fund gold -:J,_1968
Stamped pursuant to Plan A
(int reduced to 2# )——...2012
t
26%
.
'
tint reduced to 2.5# )—i—1999
.
25
/
pursuant to Plan A
Stamped
25
July 1948
i.lsc mtge gold 4s_«_—
;
A
Friday's
Ohio RR—
Baltimore tc
"
RlO Grande do Sui (State of)-—
( a Br extl loan of 1921
L—a—1948
!
'
1
43
40"
-M-N
F-A
——1953
6%s
see
Stamped pursuant to Plan
; (Int reduced to 2 #.
2VA.
V+y
-
j-j •:
A-O
or
B
17
11%
;
20
*40%"
(
51/
25%'.;
25%
Stamped pursuant to Plan A
/ A External
39%
/
2.375#)—2001
Last
42%
25
19%
-
-Week's Range
Friday
Low
124
60
*15
-
Bell Teletype—NY 1-310
-
Sale Price Bid & Asked
(Period
10V4
2i%;
*27
A-O
j-j
_^
'■
:
Interest
Exchanxo
New York Stock
16%
19 '.
r
New York 6
;
'
BONDS
;
97'
38%;
121.;
19%
25
;
V
105%>
•/31%
v2
:
21 Vi
18%
A-O
Prague (City of Greater) 7%8—_1953
Queensland (State) extl 6s
1947
ARia de Janeiro 'City of« 8s
1946
v
:y
38i/2
*21
j-d
,
—
18%
J
94 '/ax
•
,
88%
25
.
A
(Int reduced to
,87
104%
*15
i
Telephone—DIgby 4-4933
y
,
38W
19
'
"
90
# 97%.
*96
,
Broadway
61
88
Members New York Stock Exchange
1
,
r
,
:
*104%
to Plan A
2.25# )-„._„2006
reduced, to
90
'
-
v
99%
•
83.
A-O
A-O
-
x
(Int
99 Vi
90
-•„
J-D
1961
6s-.——1940
assented——,>j
—1958
Stamped.pursuant
33
94
"92.'S
M-S. M-S
-
Loan extl s f*6s 2d ser
^Stabilization loan s f
100%
88
*92
PFLUGFELDER, BAMPT0N & RUST
101
96 V
3
87
90
100
98
18
(
i "•<
loan extl.a f 6s 1st
A4V28
,
*
'
,,
.
97Vb
99 Vi
100
93
12
'
v
M-S
I a Poland (Rep of)- gold.
;
J-D
A-O
M-N
M-N
J-D
M-S
B>>#>,#»1967
ret 3'.is series
100 '/a
F-A
.1970
1953
(City) sink fund 4%s
Pa nama
A-O
-
98%
98
100
93 y.
'i
12
#; i
100V* 100%
99'/4 iooy«
98'
Securities
„
98'/a 100
..
'
{Kingdom of)
Municipal Bank extl s f 5s>
s
.
105
89
*•100
:
-
External.s f 5s._
42%
"
92
^103
Railroad Reorganization
42%
MS
1959
4%s_„..;
1956
External sink luna 4%s____>^>_1965
4s" sink fund extl loan—.»v_:-4.-_1963
-
High
Low
1958
external s I 6%S„
(City) 7s
___>..._>1952
a6s series A._>.;>_>,.„>y___>>__1959
New
January 1
No.
32
AMontevldeo
/■'
Range Since
Bonds
Sold
Hia>
Low
{State)—•
iiSec external s I 6 Vis
A Sec
Last
Sale Frice Bid & Asked
xPeriod
..
Week's Range
or Friday's
Friday
#:
>y
.Interest
#"•-
bonds
New York
V
ENDING NOVEMBER 17
104 Va
34
53
50
79%
91%
49
96
37%
50%
12
12 Va
29
10%
16%
51
56%
22
J-D
68
66 %.
68
F-A
86%
85
89
M-N
48
47%
A-O
11%
11%
11 V'a
68%
.
fAbitibi Power & Paper—
series A plain
—.—.1953
AStamped
——^—1953
Adams Express coll tr gold 4s—.1948
^—1947
J-D
1946
*119%
J-D
J-D
M-S
F-A
^A5s
-
Coll trust 4s of 1907
10-year deb 4'As stamped
Alabama Great Southern 3
1st
Power
Alabama
mtge
Vis—1967
M-N
J-J
•
3Vis—1972
Albany & Susquehanna RR 3Vis_.J1946
<3Vis registered^
—.£
—194R
1st
3'#s series E_:_.;_—^-1964
Topeka & Santa Fe—
General 4s—-—
,
■:
———1995
Adjustment gold 4s
—1995
Stamped 4s ^——.^..——1995
Conv gold 4s of 1909
i.
1955
„
85%
104
108
,122%
„
.
•
f-Atl
.
Atlantic Coast
1st cons 4s.L—July 1952
—..1964
..Oct 1952
Atlantic & Danville Ky 1st 4s—.—.1948
J1 Second mortgage 4s
1948
General unified,4Vis A
L
&
N
coll gold- 4s
Atlantic Refining .deb 3s
i'
——#1953
85%
91%
(-5
107% 108% -vn
49,
107%. 108 Vi
7;
14
■:
71%
95%
-72
-
/
-6
.M-.S
104%
i A-O . ?
Nov
M-N ;
J-D
126%'
—
,
■
115
63
S ACentrjal RR & Banking 5s stmp_1942-.
Prod 5V»s A__.
194H
.
58
112%
38
103%
118%
126%
*114%
:1
__
"1
115%
106% 115%
109%' 111%
*110%
TIOV4 110V4
110V4
<
—
L
Z
*106
—
iil%
106%
111
5
110%
97
91%
131
105%. 105%
24
41 Vi
7
90 y4
90%
185%
:
41 V'a
41
33%
34
*104% 105
20
A-O
*__
97
.
33
307a
32
28%
J-J
32 Va
30%';
28%
1949
Illinois
Division
4s registered
..
...
General 4s
——1949
_1949„
29
'
90%
69
89%
37
97
30
39%
28
A~-0
*104 J/8 109
104
F-A
Chicago, & Eastern
'AGen
mtge ino
F-A
95%
i
'
Va
96
y 94%
V
157
5
101%
,
M-S
M-N
105 V*
.
77%
101% 102" ;
22;'d
7;
.
.100
-
132% 140 Va
*103%
J-J
*127Va' ,<v;jr *.•; »)vc yj'
J-J
*123%' 126 '
103% 103%
121 Va
120
i#:
1
-
21%
'^40;
25 V* -26%'"
>
105 jV 105
■,M05A!'
■
105 Vt
105% 105 V4
-
F-A
F-A
110%
"
-
-
24
•:
8-4%
■/•" '26 '
J-J
112
92%
109
-
88 Va
88%
59V#
58
60V4^
130
130
48-*"
-112
.
125%
y.':'5""-.
89
J-J
tChiengo
130
ARefunding 6s ser A
1947
B—1947
89%
34
.'.
76%
47
65 Va
50
83%
1947
J-J
76%
J-J
J-J
72 Va
67%
76 Va
1
72
73%
29
67%.
.
.
.47%
45
12
68%
'
33%
103
39%
105%
A
1st & gen 5s series A—
1st & gen 6s series B
1966
May 1966
M-N
J»J
.11%
11%
r
•
12%
13
1
1. f I f
footnotes .seepage 2208
78%
74
(.10%
14 y4
10%
14%
42 #5.
V\FRn-r
63%
130
35
Ry—•
vARefunding gold 5s series
ARefunding 4s series C—
-A
af'
>■'
52%,
5151%.
Chicago Gt West 1st 4s series A—.1988
-AGen-inp mtee 4VaS
2038
48%
112
105
108 % 108 V'4
106
91 Vi
106 Mil
105%
98
•
no1# 111%
107%
106%
100% 106%
,103
-
111 RR—
Louisville
30%
106 VI
1
10
.
,
110% lUVa
'
111%
,'#»
J-J
Sc
102
11-
:
127%
122V#
103
J-J
M-N
Ind
109%
104'%' 109
J-J
J-J
.88
-102%
105 V4
105%
*105
25%
99%
72%
V-'vl- :
105% 105 V#
-
F-A
A-O
108%
i
74
•
■':
•
,104
100
87
-••
>•'
109%
104
.'"•
,1
104 'f
;v ' 7 7 V'a
,.
M-8
M-S
>1997
35%
30%
104%
140 Va 140%
M-N
—1977
(conv)—
37%
26
23
106% 106%"'
106%
.>—1971
fr ref. 5s serms A
,•
26 Va
——195R
—
1st & ref 4 Vzs series B__
1st
112
83%
,1949,
—i
56 V#
34 Va
55
-
1949
—
4s
16%
,
24
24
97
32Va
■
;
110%
110
96%
•
10
48%
23
7
30
Chicago fc Erie 1st gold 5s:..»——19R2
104%
104% 105%
105
113:'
;
*306
M-N
3V2S registered
.
106%
115%':
-if
"I
Illinois divisionB'/gS:
104%
61
f
29%
Chicago Burlington & Quincy RR—
116 !
109 Vi
J-D
Pot(s Creek Br lst 4s_———1946
R & A Div 1st cons gold 4s—1989
2d consol gold 4s_
>1989
..
104
126%:
126
.General gold 4%s
___1992,
Ref & impt mtge 3V2S D__.
—1996
Ref & impt M 3j/2S series E_._—1996
tAChlcago & Alton RR ref, 3s
116
'52
''
Chesapeake & Ohio Ry—
105
103% 104%'
•
Eng
Certain-tped
110
"115
; '72
102 Vi
56V2
5s
Central Pacific 1st ref gtd gold 4S.1949
:■
Guaranteed gold 5s
— — >1960
107,,.
-.
11%
J-D
J-J
r
95%
•115% .124
100Vi
>11961
—1987
registered—.
1987
; A General 4s
—l—
1987
v" f4s
registered.———.—M3987
-
^Central N Y Power 3%s
—U962
; Called, bonds. (Dec 30)————,
85%
106
76% 1 95%
95%
-■
115%
,
./. 107vi 'uoy4
.
*104 Va
A-O
M-S
.J-D
. M-N
J-J
, J-J
'.'MS-
107 %
.
A-O
J-J
.
105%
103.:
5s»—1946
J-J
101
..
gold
1st gtd 4s_
•
"
237
>-'
101%; 101% 'y# 134
7,115
7,
115
121% 123
■■
95%
J-D
67,
'5,
•
104%
1st
tACentral of N J gen gold 5s'
t A Cent New
103% 106%
31.
'.
,86%
,
' , J-J
|;
—
105
Div
Central Illinois, Light 3%s>>__——1966
-"89%; 102%
#89% ,101,%
101 r 102%
/
103%
70
i
110#
15
90%
AMobilp
106%
107%
■
Q-J
M-S
Trans-Con Short L 1st 4"s_.
—1958
Knox & Nor 1st gold 5s
.—1946
Atlanta & :Charlotte Air Line Ry—
1st mortgage 3:!'4S
1963
t »
103%
V. 152;
104 %•" r.vV ,14
; 104%
104
„
101%
Jan
.
85%
...
107%'
' J-D
M-S
* A-O
■ M-N
J-D
:
.;
104 W
A-O
,
104%
'
90%
Conv 4s of 1905——1955
Conv gold 4s of 1910—
..I960
f
lOO'f
104 Vi
100%
M-N
V
.
.—..1978
mtge
Atchison
*102%.
104%
M-S
1st gold
income "deben to "PR—
-7s
103%
y.,
100
•
-
100% 103%
'
•
...
104
100
■MOO
F-A
.
Ark & Memphis Ry
Armour
%
4-o
conv
4s
1.^.1995
Bdge & Term 5s 1904
& Cfl.ADel)—,
...
-- ►.«
Arbor
103
92
104%
103
106%' 106 Vi"*109% ,_U •
...
A-O
5'is—...:.-1949
American Telephone & Telegraph Co.—
..3#s debentures——
....^.1961
3l#s debentures
.1966
3s conv debentures—
1956
Amer Tobacco Co deb 3s_.—..J..19G2
A in Wat'Wks & Elcc 6s scries A—1975
AAnglb-fehilean Nitrate deb...—...1967
Ann
*
A-O
A-O
Allegheny Corp 3'As sec conv
1954
Alleghany &:West 1st gtd 4s.«—..1998
Allied Stores Corp 4'/2S debs
.1951
Am & Foreign P0W deb 5s._—...2030
Amer I G Chem
68 Vi
47
-
*104 Vi
A-O
j;
'
92
',104
104
A-O
Albany Perfor Wrap Pap 6s
—1948
6s with warrants assented——..1948
,
—
90V4
91%
100
100
THE COMMERCIAL & FINANCIAL
2206
YORK
NEW
RANGE TOR
Friday
BONDS
New York
Period
1956 *
JChicago Milwaukee & St Paul—
AQon 4s series A
May 1 1989
4%s
87
__
85%
84%
85%
104
74%
86
82'%
81
82'/2
93
69 y8
May 1 1989
J-J
89'%
88
89 '/2
152
76'%
101
76'%
89'%
90
89
77%
90%
4%s series E_—
May 1 1989
43As series F
May 1 1989
88
89
88%
90
!
F-A
60
58%
60%
1,321
45'%
A-O
AMtge gold 5s series A—_—_-1975
adjustment 5s_.—_Jan 1 2000
J-D
!
■■
Bonds
Range Since
Sold
January 1
No.
High
Low
High
vqf; deposit—.;
Machinery Corp 3s debs——1956
Ftanclsco Sugar coll trust 6s___—_1956
14%
14
15
1.014
11%
106'%
106
106'%
17
101%
75'A
833
Food
64'%
17%
*100'%
M-3
'
57
100%
42%'
116
58'%
60
42
1
56%
103%'
103
97%
103% 104
•
133%
98%
__
55'%
55
: 55
*103'% 104
,
,
J-D
103 3/4
117
133
133
104%
102
*103% 104%
133
M-N
102-'
12
* 104'% 104%
104%
A/-N
J-J
A Certificates
•
JChic Milw St Paul & Pac RR—
AConv
M-N
JFlorida East- Coast' 1st 4 '%s_—1959
£lst.& xef 5s series
1974
89'%
J-J
J-J
Firestone ;Tlre, &.Rub 3s deb—.
1961
Flintkote/Co 3s debs
—1958
tAFiorida Cent & Peninsular 5s„tl943
*
82'%
AGen
Friday's
or
Low
.
J-J
AGen
Last
Sale Price Bid & Asked
102%
J-J
C
series
*103%
/
Period
Hlah
B__Mayl 1989
AGen gold 3%s series
AGen
J-J
Low
Week's Range
Friday
Interest
Stock Excbanit
January 1
No.
Uiah
New York
Range Since
Sold
Sale Price Bid & Asked
Low
Chicago Ind & Sou 5C-year 4s__
BOND RECORD
BONDS
Bonds
or/Friday's
Monday, November 20, 1944
WEEK ENDING NOVEMBER 17
Week's Range
Last
Interest
Stock Exchange
CHRONICLE
104 %
Chicago & North Western Ry-.
J-J
J-J
A—
1989
income 4lis
1999
Div 4s——1969
1st & gen mtge 4s ser
2nd
mtge conv
Des
City & Pacific Div 4s
1969
JjACnicago Railways 1st 5s stpd
deposit—
of
Certificates
SASecured 4%s series A
gold 4%s__
65
Income
63
65
75%
75
Goodrich
44'%
46
1.244
36%
46 3/a
Grays Point Term 1st gtd 5s—
50'%
48'%
51
345
39%
51%
Great/Northern Ry Cc—
9%
9'A
10'%
250
7'%
11%
J-J
M-S
}§AChilds Co deb 5s__.
——1943
§ ADebenture 5s —_1957
A-O
A-O
3f*N
,
5S—1952
101
101'%
1952
—_T962
23As ser
108
106'%
119%
118% 119%
4 '%s series
;E2_____22_t._1977
J-j
111%
111'% 111%
32
72%
93'%
103'% 104 iV
287
79
77
mtgev4s> series G
____1946
Gen.mtge 4s<sexies, H_/._i._____*__i948
mtge 3%s.series 1—______1967
J-J
59%
General
-Gen
5
102%
25
100'%
"ADebcnturcs
108
101'%
21
104
104%
108
90'A
6
55
92%
Gulf & Ship Island RR—
1st-& ref-Term M 5s stpd_—
87%
87
98'%
41
53
92
Gulf States Utll 3'/as series D_____1969
72
72
*72
5
59'%
:s.
111
112%
101%
t§Atiousatonic Ry cons
Houston.Oil 4%s. debs_;
110
*111%
p-A
38
J-D
*104'%
J-L)
*110'%12.
103'%
110'%
Hudson &
1977
J-J
76%
76'A
78%
328
57%
74%
73'%
74%
24
53%
77
97
10
1970
M-N
97
J-J
-
106%
82
106%
9
Ip7'A
107
107%
1977
—1945
gtd 4s__
Fuel & Iron 5s inc mtge
Coal River Ry 1st
1970
1980
modified)
(stamped
4yas
A-O
*109
99'%
J-D
May 1952
Columbia G & E deb 5s
Debenture 5s
1901
i—
extl gold 4s__1948
Columbus & Sou Ohio El 3'As
1970
Columbus & Tol 1st extl 4s__.
1955
Commonwealth Edison Co—
Columbus & H V 1st
54
84
75'%
102
*101
94
94'%
18
83
64'A
80
52
64%
103
106'A
J-J
106
/ 105% 106'%'
48
103%
106'%
108%
109
108%
'
110%,
A-O
M-S
*109% 110'%
F-A
f. debs_1953
114
115
115
114
109%
33
*113
106%
*103'%
1948
1956
1958
1951
debentures-:
debentures
3 V2 s
debentures—
3%s
.
Consolidated Oil conv deb 3%S;
4s—_1954
jAConsol Ry non-conv deb
ADebenture
4s
1955
—1956
4s——
ADebenture
—-—
Power Co—
Consumers
———*1963
—1970
3%s—
mtge 3'/2S_——
mtge 3%s_—
mtge 3'As—
1st
1st
1966
——
J-D
j
104
72%
27'A
27%
51
"26%
34%
101% 102'%
18
105'%
i
lines
3'%s_
_
4s___
M-.V
104%
M-N
59
46'%
58
104'%
4
107%
107
109'%
108%
108% 108%
17
108
111%
10
101%
103'A
102%
102'% 102%
102% 102%
J-D
1970
Dayton Union Ry 3'As series B—1465
J-J
*54
48'%
48%
j-J
1
95'%
103'%
46
57
50
.
35
62
38%
54'%
78%
J-D
78%
1
53'%
73'%
62%
62'%
64%
6
41
51
J-J
91%
91%
4
F-A
77%'
78
9
1951
J-J
1951
J-J
,1951
F-A
1963
J-D
1963
J-D
•.
v.
ser
A
10
80%
80%
91%
78 '
65
78%
67% '82%
99
99%
*95%
99,
78%
*100'%
98
57%
78%
75%
76%,
176
70'%
71%
138
52%
-195'A 105'A
4
98%
76
70%
105%
J-J
44
68%
*64%
74
105'A
72%,!
110%
111
106% 106%
10
104%
107 "/a
58%
61%
170
•47%
61%
24 38
*111
J-J
60%
;
.
A-O
19%
19%
20%
159
16%
__.;___1956
J-J
55
53
55
53
43%
gold 5s series C__—1956
1st
J-J
55
53
55
23
43'A
57%
A-O
73%
72'%
56
77%
4
103
105'.a
13
105
5s
A 1st
series
§ A Intern at Hydro El deb 6s__-__._1944
Internat Paper ,5s series A & B—1947
Int
72
59%
'
*76'%
J-J
93%
—1955
Rys Cent Amer lst 5s B
3 st. lien
^^__1972
& ref 6 '%s_
.
J-J
-
.74%
103
M-S
103%
107
107%
101
107
M-N
101
.-1"
1
'
97 V8
57%
109%
102
100%
103%
62
74%
95'A
95%
134
77%
4'% % 4%
3
1947
F-A
1952
J-J
91
90'%
91%
:195s
F-A
94 VB
94%
f Alowa Cent Ry 1st & ref 4s——1951
U-8
4'%
Int Telep & Teleg deb gold 4'%s
Debentures 5s_r_%_________;
132
*190% 100%
06%
3
5'A
53
67
51
51
39
*63
67
59
*49
a~-o
..79%
98%
71%
101
97
*100'%
68'%
*64
J-D
92 V j
48%
64%
59
85%
67%
*92%
,AIst,6s series- A_______l__i__.1952
A Adjustment.' 6s series
A___July 1952
:
112
12
60%
165
J-D
Inland Steel 1st
109%
21
107'%
7
,68%
66%
A-O
45'%
6
37
r.,
J-J
_
'
79
91'%
•tj7%
f
Af-S
8
87
82%
F-A
B_1986
59 'A
49'A
60%
77%
.1950
1st & ref 4'% s series C
105'%
45'%
87v
35
82'%
1960
mtge. 3s series F__1961
^International Great Northern RR—
103'%
6
62%
84'%
77
(■'
91
Indianapolis Union Ry 3'%s
52
13
91
J-J
M-N
J-J
49%
83
58
M-N
Sprmgfieia Div 1st gold 3'%s—"i951
70
64
81
r
83%
83%
97
'*
'
82%
M-N
Ind 111 & Iowa 1st gold 4s_
__1950
tAInd &.L(Ouisville. 1st. gtd 4s.____1956
107% 108'%
A-O
1st 5%s
-1942
receipts-.
—*
—
ACuba RR 1st 5s gold
1952
ADeposit receipts——
A7%s series A extended to—1946
ADeposit receipts—
—A8s series B extended to_
-1946
ADeposit receipts—.———
Curtis Publishing Co 3s deb_
1955
«
100v
96%
*99%
Af-8
'
-
97%
A-O
1952
1951
102
100
*100
A-O
108
107
103'%
J-D
ADeposit
J-J
1953
111 Cent and Chic St L & N O—
Joint 1st :rel 5s series A
!
"
101%' 103%
/
*101%
"
109%
104% 104%
M-N
102
J-J
1055
Refunding 5s___
40-year ,.4%s__
Cairo Bridge gold 4s_-_____^
Ref sink fund us, series A
iACuba Northern Ry
J-J
102%
49
Jf-N
"
,
105%
—
117%
27%
1
*46'A
73V8
115%
A-O
24
49%
J-J
96%
56
90
73'%
72%
72%
102% 105%
1
103
55%
103% 104%
103%
J-J
138%
85%
10
94%
94'%
103
M-N
Western, Dines, 1st gold. 4s
,
111
102%
22
104'% 105
104'%
J-J
—
—
2'As s f debs
-1950
Crucible Steel 3%s s f debs__——1955
Co
Crane
103'% 103'%
J-D,
106'A 106'A
A-O
J-J
111%
130%
*138% 139%
94 3A
St. Louis.Div Jj-Term gold 3s
;
Gold 3 %S—
;V
1st mtge
1st
A-O
J-J
Louisville Div & .Term gold 3'%s_1953
Div .1st gold 3s__
1951
114'%
105%
13
98
110
„
74
'Omaha
116
101%
106'% 107
98
*97'%...
*110%
73'%
Litchfield-. Div 1st gold 38_Vif~l
113'% .114
3
113%
115%
.
Consolidated Edison of New York—
3%s
J-J
M-N
61%
,
Collateral- trust- gold
18
J-J
s.
17
89'A
60%
4S—1951
Purchased
96
62
64%
J-J
Cigar 3%s
66
*72%
gold 3'%s____.
_____„___„1951
1st gold 3'%'s
_i,
1951
1st gold 3s sterling,
1.1951
Collateral trust-gold 45-^..
;
—1952
Refunding 4s„^
II.:/ r.■ 1955
102
'105% 106
F-A
18
10134
60'%
1st
100'A
105%
J-J
89%
F-A
Extended
104'%
62
JV-N
—-—1958
3%s
Conn Ry &
Consolidated
.1st gold
106%
100'A
99
A-O
h 1st & ref 4%s
__i95i
Conn River Power s f 33As A——1963
debs
Conv
92%
19
109%
102'% 103 »A
103'%
A-O
95
109%
105% 106'%
106
A-O
M-N
72,
15
A—1957
5s
Illinois Central RR—,
:
Ry.—
& Southern
Colorado
106 y
11%
.^.Feb 1957
1st
Illinois Bell-Telep 2%s series A___1981
107%
f 4yas series C__—
65
•:
107
F-A
A-O
2
*3
97*%
M-N
Colo
J-J
106%
108'%
3%s
.—1948
gtd
——
1950
gtd_.
1961
Cleve Short Line 1st gtd 4%s.
1972
Cleve Union Term gtd 5'/as__,
A
1973
1st s f 5a series B gtd__
Manhattan
AAdJ Income 5s^____
81%
J-J
.1990
v
11%
1
Jf-N
90^/2
'
.—1991
3s—
69%
;
99'% 100'%
87'% 89'%
99'%
87'/a
_—1954
88%
_L
3 %s
s
J-J
M-N
,
D
1st
11%
gold 5s___ 1937
Hudson Coal 1st s>f 5s series A
1962
Hudson Co-Gas 1st gold 5s_____;^_1949
Series C
Series
69%
91
H
1999
—
ioiy2ioi%
101%
& Pittsburgh RR—
Cleveland
__1952
Hocking Valley Ry .lst 4'%s—
100%
1st coll tr gold 4s__
Cleveland Elec Ilium
105'%
86
72
87'%
"■•
,
102%
1017, 103'A
105% 105%
109%
111%
1993
98% 112%
*101it 101%
J-J
Feb
mtge inc 5s series A_i.2___.2015
110
Cin Wab & M Div 1st 4s_
6t L Div
Gen
•
126
J-J
Feb
;
106'%
4%s series E
Ref & impt
B
Gulf Mobile & Ohio 4s series B—_ 1975
109
15
ctfs
1
1993
119%
General
5
gold 4s—
126%
100
87
110
General 5s series B———_
105%
64%
125'%
126
120
'..'41
59
106'% 107
101%
111%
12
107% 107%
F-A
101%
4
107'% 108
107'/a
27
J-J
3
101'%
104%
'
__
119% 119%
J-J
J-D
E—___1969
G_—•—
1974
*102'%
J-J
1976
Cleve Cin Chic & St Louis RyGeneral
J-D
34%
/; 78%
48
9
9
_1S73
t'-A
Terminal—
77
106% 107%
5s series C__
—__1967
mtge gtd 3%s series
76'%
V-
4'%s series D
3'As—_—1966
Gas & Elec
1st
1st mtge
;__1952
AGreen Bay & West deb ctfs A___
1st
77
General
106'% 1061%
J-J
J-J
J-J
J-D
u :..-:
General 5'%s series B
:
1963
—1963
105%
22%
General
77
mtge 3%s
Cincinnati Union
1947
68%
101%
84
68
50
79
79
4'As_^_______i956
33%
89
93'%
93'%
__
1st
64%
40
,33%
,104.
,
J-J
100
90'%
105
78%
J-D
M-S
<B F)
71
104%
32%
66'%
67
J-J
84
*100
93'%
JAChoctaw Ok & Gulf cons
1949
45%
M-N.
J-D
.—.
D
Castings 5'%s
67'%
*73'%
Cincinnati
Gen Steel
61'%
87
1st & ref 4'As series
J-D
M-S
7
86
mtge- 2%s ser G
Chic & West Indiana com 4s__
1949
;
197
J-D
Chicago Onion Station—
1st mtge 3'/aS series F__
81
inc
74%
*83
of deposit
4
cons -5s
* .
debs—__L___i1969
Realty., &>. Utilities Corp—
conv
75%
J-D
A Certificates
General.
74
—1951
& Southeastern 1st 5s___196Q
guaranteed 5s_——Dec 1 1960
Chic T H
*.
t A Georgia & Ala -Ry ,5s__i__OctTl945
t§AGa, Caro & Nor lst ext 6s_
_1934
75'A
A-O
M-S
Memphis Div 1st gold 4s_
1st
65
_—1951
3%s__
Gold
-
4s
J-J
5s_—1951
Chicago St L & New Orleans
Gas & Elec of Berg Co
104
—
——1934
—1952
-I960
gold 4s
SARefunding
AConv
77%
104
103
74%
JChicago Rock Island & Pacific Ry—A General 4s
_____—1988
A
63%
103
*103
F-A
—1927
part paid
73'A
*104
J-J
Sioux
25%
74'%
J-J
Valley
Plaines
107
51
40
102'A 102%
5
I
62
James, Frankl & Clear
100
102%
105%
108%
Jones &.Laughlin
1st 4s_„—1959
3'As__
Steel
1961
J-D
91%
93
58 Va
91%'
103%
31
95%
103%
98%
102'A
89%;
91%
J-J
193%
103
D
Dayton P & L 1st mtge 3s
—
extended—1963
& Light 3s_—1973
J-D
Delaware & Hudson 4s
itf-N
Delaware
A-O
Power
& Rio
JDenver
6 A 1st consol
J-J
*—_T936
J-J
4%s
Assented
99'%
34
17
105
106'%
54'%
56'%
184
45
56'%
58
58
58
1
46
58
4%
5
25
4'%
8
4%
4
4%
76
3'%
6'%
1978
•'
A-O
50%
51
79
40%
51
4s series F__—_1965
mtge 3%s series G—1960
M-S
1st lien gold 4s 1995
gold 4s_,—
—1995
Detroit Term & Tunnel 4yas
1961
Dow Chemical deb 2'As
1950
Dul Miss & Iron Range Ry 3%s—1962
108'%
J-D
ASecond
Atl gold 5s—1937
Duquesne Light 1st M 3%s_
,1965
J§ ADul Sou Shore &
JJf-N
108'%
105% 105%
"l
107
111'%
108%
19
111%
104%
107'A
50
109
50
10
41
30
7
25
■v..
108'% 109
*107%
40
&
Mem
§ A Refunding gtd ,4s—__—___1936
.ACertlficates. of
deposit—.
City /Southern Ry. 1st 3s„.1950
impt, 5s-._———_Apr .1950
1st 4s_———1960
Kentucky Central gold 4s
1987
Kentucky
Ind" Term 4'%«„_—_1961
Stamped
1961
&
1961
—
unguaranteed
_1961
91%
J-J
94%
106%
79
90%
'!:•
91%
87
93%
94%
80
72%
90%
71%
113
89%
69%
A 72%
91 %
95
*105%
J-J
J-J
105%
109 3 5)
*118%
J-J
114%
119
51%
66%
66%
J-J
*100%
J-J
,'*io3%"
J-J
"*95%
69
91% 100'/2
_A/
98
102
__
90%.
__
94%
*168 •/'' ■_/:
172%
175%
J-J
*109
107%
109%
J-J
*107%
1997
1954
1954
.A-O
Kresge Foundation 3% notes
___1950
tAKreuger & Toll 5s ctfs—_^___-1059
M- 8
Kings Cp Ihghting'1st 5s—
1st & .ref 6'%s___i.__——
__
77%
79
a"-"o
'
__
109
—
.
4%
5
110%
2
102%
105%
10
104% 104%
If-8
39%
8
40
98'%
109
47
102
3'A
5%
108%
L
103%
106'%
10
__
24'%
47
Laclede Gas Light extd
5s,w——1943
A-O
106'% 106%
43
106
111
C_„.1953
Coll. & ref: 5'%s- series D—
1960
F-A
Lake Sh & Mich Sou gold 3'%s____1997
J-J
*102%
*77%
Kansas City Term
4'%s
A-O
i__
Kansas
Plain
A-O
Ry—-
34
102'% 102'%
A-O
gtd gold 4s—1990
54
27
M-S
J-J
108
*107'% 109
J-D
J-D
ref 3s series H—
1st
Kings County El L & P 6s—;.
<
A-O
Detroit & Mackinac
50
Ry.
& Mich
JKansas City Fort Scott
Ref
55
4%
1970
&
79'%
97%
105'A
F-A
Plaines Valley Ry—
See Chic & N'western
Gen
96'A
105
F-A
ARef &, impt 5s series B
Gen & ret
'
:
——
Detroit Edison
,103'% 1031/2
—.—1955
_—
Des
51
Western RR—
JDenver & Rio Grande
AGeneral s f 5s
A
96%
107'%
*103'%
Grande RR—•
4s—______———1936
SAConsoi gold
*
Kanawha
107
—
J-D
Coll &
ref 5'%s series
-100
100%
104
V
98 34
101
98%
101
27
93%
105%
101%
104
104
101%
J-D
101
mtge income reg
■—.1975
Lehigh Coal & Nav's f 4 '%s A
1954
Cons.sink fund !41%s:series C__—1954
Dec
53
registered.——
99
7.
5
—1997
3 '%s
2
100
100% 100%
100'% 100%
100%
F-A
10
89%
12
49
10
97%
105%
97
105%
Lautaro. Nitrate Co Ltd—
East
Tenn
Ed El 111
Elec
Va
5s_—1958
& Ga Div 1st
1st cons gold 5s
(NY)
Auto-Lite 2'As debs—_—
Elgin Joliet & East Ry 3'As
W 1st 5s
5s stamped
,
—
M-N
*115%
J-J
*150'%
J-D
110
115'%
148'A 150'A
__
__
*102'% 102%
JJ-3
106
A-O
106
1013% 102'%
A-O
1962
J-J
102 %
105%
105% 105%
mtge inc 4'/2s series A——2015
J-J
Ohio
For
Div
1st
mtge
footnotes
see
1971
3'As
page
2208.
I
MS
83%
84%
*105% 106'%
105%
105
105
.& ref sink fund 5s__________ 1954
F-A
6
100%
*104%
Lehigh Valley Coal Co—
991%
1st
stamped—
—1954
sink fund 5s
—1964
5s stamped———,______1964
1st & ref .sink fund.5s_—
—1974
5s stamped——^
i
1974
44
101%
106%
143
64'%
85'%
102
107
97%
97%
*97%
*87%
F-A
*87%
F-A
88
'88
88
67
104%
95
97%
99%
86
*99% 100
5s,
1st & ref
84'%
105
105
A-O
Lehigh & New Eng.RR 4s A
Lehigh & N Y 1st gtd gold 4s_
102'%
99% 103'%
Co—
M 4s series B
105
M-3
.106%
82'%
80
102'% 102%
J-J
Railroad
1st cons
J-J
-1945
103'A
106
54
J-J
-1965
101'A
8
14
*101'% 104'%
1995
Empire Gas & Fuel 3'/2S_
Gen
1950
1970
—1965
1965
El Paso & S
Erie
1995
A 1st.
97%
84%
88
85
65%
90
1
70
88
10
65
88
__
88
98%
71
90
-•
■
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4335
Volume 160
2207
NEW YORK BOND RECORD
RANGE
BONDS
New York
Stock
Last
Interest
Exchange
Period
or
Lehigh Valley N Y 4 Vis ext
Utah
Long Island unified 4s_—
—,1949
Guaranteed ref gold 4s—
—1949
4s stamped—
—1949
Lot'illard (P) Co deb 5s„——1951
74 Vi
36%
35'A
36%
33%
35
M-:N
41'A
38 Vi
41'A'
38
38
M-:N
46
44,
46
A-0
74
73
74
debentures
3s
A-O
*126
a-o
MS
48'/a
35
42
20
64%
%
{N
MS
F-A
J-J
103% 104
102% 103%
104
103'A
if-3
*100%
102
104'A
93%
100%
106%
5
106
108
A-O
105% 106%
5
104
107'A
1st
&
ref 4s series D-
—2003
—2003
oA-O
105% 105%
5
34
J-J
F-A
St Louis Div 2d
*98%
M-S
*102'A
105%
102%
104%
Mob
gold 3s———-1980
Montg 1st gold 4ViS—1945
&
J-J
Ry joint monon 4s_——1952
1955
M-N
Atl Knox to Cine Div 4s
103
*112%
112
113
„•
22 VA
M-N
22
21%
J-D
52%
51
54
144
48%
63%
106
106
1
102%
107%
,
M-N
,
gold 5s
4 Vis
mtge
Ry Co—
M
Norfolk
J-D
100
1960
Manati Sugar 4s sink fund—Feb 1 1957
A Manila Eley RR & Lt s f 5s—
1953
A Manila RR (Southern Lines) 4s
1959
J-D
65
M-N
80%
Gen
mtge 4Vis series A
f
s
M-S
A-O
1947
6s
90%
20
65%
52
"44'/a
*101%
*102'A
50
,
,
103%
1955
104%
104% 104 Vi
A-O
101%
101% 101%
3
Jack
20
106
13%
19%
i
,
.
to
Lans
M-S
Sag 3Vis
ii Consol ext 4Vis
*100
104% 104%
M-N
J-J
M-S
48
107% 108
A-O
*63
J-D
102%
1
91%
90
91'
66
105'/a
''
75'A
M-S
*10%
11%
7%
Q-F
5%
5'/a
3%
6
;
4 Vis
mtge
inc
1st 5s
•
J-J
98 Vi
J-J
68
96%
98%
98%
Oklahoma
69
93'A
,76
67
J-J
68'A
466
61%
Ontario
105
100
*105'A
J-D
70%
69%
70%
104
56'A
74 Vi
.-1962
J-J
75%
73%
75%
73
.64%
series A—-—
40-year 4s series B-.
Prior lien 4 Vis series
adjust
ACum
J-J
61%
64
27
\53%
4s—
A 1st
&
ref 5s series F-
A 1st
to
ref
AConv
5s
,
series G
1980
—1981
Moh'k to Malone 1st gtd gold 4s—1991
to
67
66'A
67'A:
17
57
47%
46
49
84
36
70 ■
25%
69
56%
72 %
305 ;
22.%
: 68
69%
523
56%
68
175
56 %
68'A
25%
24%
M-S
69%
U-N
69
,
10%
75
9 Va
69%'
68%
69%
119
56%
69%
251
56%
72%
73 %
71 Vi
73
60
73%
'*107
'
31
*95%
J-J
a
to St L 4s series A—. .1978
.1960
Prod 3'As debs
Prod 3'As debs—.. .1949
Distillers
f
3s_—. 1965-
ANaugatuck RR 1st gold 4s—,,
.1954.
Newark Consol Gas cons 5s— .1948
{ANew England RP.
A
100 Vi
59%
59
59%
M-N
64'A
64
65
M-N
59%
59%
61 '/a
v
63 Vi
Vi
69%
55
47
87
/
43 Vi
N
——.
England Tel & Tel 5s A
New
Orleans Great Nor 5s A
93
J-D
J-J
jANon-cum inc 5s series A
A Certificates of
deposit-—
series
5s
of
Alst
4Vis
of
Alst
5Vis
of
series
ACertificates
112
,—.
——
113'
Ref
5Vis
4Vis
1st
N
N
Y
Y
A-O
A-O
1958
96
Vi:
84
22
95
95%
14
84%
115%
9
114 Vi
17
123
7
103
126
Vi 106
70%
72
83
83
1956
F-A.
81%
?
106'A
A-O
108%
108
110
108%
110%
Pacific Tel & Tel 3'As
Ref
series B
>>1966
.-——1966
3'As series C
mtge
Paducah & 111 1st s f gold 4%s—..i.1955
1954
a"-o
86%
83%
■
85
85
3%s
ref
to
3%S————1969
—1974
Power & Light
Penna
*100
J-J
F-A
74%
A-O
71%
A-O
77
J-J
70%
92
..
debentures
F-A
F-A
F-A
.1998
'A;;
79%'
—
■
F-A
74 Vi
76'A
~'
General
B>
-
62
,
69
78
73
-
Vi
74
.
r
87
83'A
58
78%
74%
81%
63
394,
'78%'
69%
97%
92
Vi
84
78'/a
65
76
107%
107% 107%
102 %
101% 102'A
62%
5
79 Vi
63
20
99
A-O
106
69
.
73%
98%
99 Vi
105 'A 106
ref 3'As series E— .1966
A-O
107 Vi
J-D
*113%
.1949
F-A
110
107%
„
110
95%
108
87
283
102 Vi
1007
31
105
58
13
10
101%
111%
106
109%
109 VA
5
105%
108%
16
108%
110%
25
106%
110%
—
106%
109'%
108
108
108
-
M-N
A-O
F-A
108
108
108
105%
105% 106 %
41
123% 123%
7
121
125
7
108
1
108
109%
109%
98%
107%
117%
117'A 118
47
109
119'A
126'%
125% 126%
24
115%
126%
104%
103 3A 104%
58
97
105%
116'A
115
116'A
32
106
117%
116%
115
116%
29
105%
104'/»
103% 104%
188
99%
M-S
A-O
77%
Apr
45
,•
117%
104 VA
109
109%
;
76%
78
47%
55%'
38
44%
112%
31
81
23%
53
*106
105%
107
104
95%
'
F-A
104%
104%
99%
99%
99%.
J-D
100% 101
106
238
105%
10
87%
100
54
82
101%
series
F-A
B_
a
coll tr 4'As_,
&
ref
2%s
1971
J-D
.
5s
Pittsburgh Cine Chi to St LouisSeries D 4s guaranteed
—1945
Series E 3%s gtd gold-,
—1949
SeriJS F 4s guaranteed gold——1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4s——1960
Series I cons 4'As—
1963
Series J eons guaranteed 4%s—1964
Gen mtge 5s series A
1979
Gen mtge 5s series B
—1975
Pitts Coke to Iron conv 4%s.A
1952.
Pitts Steel 1st mtge 4%s_
1959
—1950
4'As series B
1st mtge
Pitts to W Va
1st 4%s series A——1958
1st mtge 4 %s series B—
1st mtge 4'As
Vi
99%
109%
78
1st
102%
105 Vi
■
Electric
106
110%
113 Vi
115%
109%
111
Pitts Young
1 st gen
1st
gen
1st
& Ash 1st 4s ser
5s series B
5s series C
4%s
Pittston
series C
Co
series D
5'A
inc
deb—
1959
1969
A—1948
13
101% 102%
6
517
71
33%
1.287
105% 105 VA
.
76
30%
76
33%
22
/
14
101%
M-N
F-A
J-D
M-N.,
F-A
76
17%
33%
105%
106 %
7%
30
100%
101%
104
104 %
F-A
*122
M-N
J-D
A-O
MS
*123%
J-D
J-D
J-D
A-O
104
129% 130
124 Va
127%
42
116
130%
4
102
105
3
102%
105%
104'A
2
101%
r
74%
105
77 VA
33
59'A
83%
58'A
83
75%
76
3
75%
77
26
123
97
><>107%
121%
123
96
83
58
107
*106
97
123%
116%
9
104
103% 103'A
F-A
J-D
115
122
-123
126% 126%
76
114
113%
*114% 117
112%
112
*113'%
104
17
112%
*112
76'
19%
6'A
*103
J-D
J-J
38%
104
12
—
101
F-A
,—.,—1977
1964
104
103
14 VA
VA
*13%
—
1962
1974
109'A
101
104
J-J
A-O
J-D
126 VA
105%
104%
*105% 105'A
M-S
132
121
—
108% 108%
,
J-J
MS
M-N
107
131
*126%
1961
J-J
J-J
—1974
gold 4'As series C——„ 1977
Aref
103%
105% 106
*131%
5s
109
10
.
100%
.
108% 109
deb———1952
—
85%
56%
A-O
—
Wash 1st gold 4s—
ACbnv deb 6s_—,
82
59
M-S
116'A
108
101
stamped——_1973
———,1949
Philip Morris Ltd deb 3s>————196?
3s debentures
———1963
{§ A Philippine Ry 1st s f 4s—,1937
ACertificates of deposit,
——
Phillips Petroleum 2%s debs——,1964
7.22
68%
F-A
F-A
J-J
^Philadelphia & Reading Coal—
309
75
106
M-S
General
75
81
72%
74
113%
105
*108
J-J
82%
-
75%
68%
'.'
101% J 05 %
108
J-J
—1980
72
80%
*60
*
106
106
*105%'
————1956
gold 4'As series C:
71%
.
41
78%
*
k
103'%
*111%
series A 5s—1956
Phila Bait &
1st
Phila
s
*—
J-D
A-O
1947
Peoria to Eastern 4s ext—
—-1960
AIncome 4s___———.—___Apr 1 q90
Peoria to Pekin Union Ry 5VAs——1974
Philadelphia Co
92'A
114
J-J.
—1984
-—1952
70%
96%
114
J-D
J-D
A-O
A-O
1970
series
83
92
-
101% 102%
114
M-N
1968
gold 4%3
5s
Phelps Dodge conv 3%s
—
77%'
,
•
Pennsylvania RR—
/ Ccnsol .gold 4s———1948
4s sterl stpd dollar_;
May 1 1948
Gen mtge 3%s series C__
—1970
Cons sinking fund 4%s———1960
General 4'As series A
1965
853/a
96
96%
J-J
•
,73
;
-
—1968
D:
ser
101%
,
110
*—
J-J
Pennsylvania Ohio & Detroit RR—
1st to ref 4'As series B——1981
1st
—A
*108%
M-N
•
5
108% 108%
J-D
J-J
M-N
J-D
ctfs——.—1952
4s series E trust
Pennsylvania Glass Sand 3%s—1960
71',i
1
-
Pennsylvania Co—
V'■
Guaranteed 3%s trust ctfs D_—1944
*'•«
1
110
86%
85
-
>
Gtd
104
M-S
-
—1960
3s B—
Panhandle East- P L
106%
47
82
F-A
103%
103%
*70
.1965
2208.
54
96
68 Vi
78%
—
.1951
page
104%
3
82
Dock
see
104 %
93%
59
85%
82
85
Connecting RR 3Vis
—■-*
J-D
110%
106'A
105%
57
72
107% 108'A
series D_.
1971
series K
1st to ref M 3s
94 Vi
23
.1978
gold 4s_,
106%
Pere Marquette 1st
1st 4s series B
88
71%
.1998
to.
111'A
104
105%
"
,
100
98
*99%
3
105%
4
105
100% 100%
For footnotes
108'A"
104% 104%
'
96
88
103
105%
A-O
to
108%
105%
—
—1970
Peoples Gas L to C ref 5s
117'/a
122%
23
104% 105
105
A-O
lien
105%
105%
107
mtge 4'As series E„
Conv deb 3'As———
96 Vi
115
95%
N Y Gas El Lt H to Pow gold 5s,. .1948
1st
105%
1
116
F-A
1998
.
.Purchase money.gold 4s
104
103%
33
113%
.1965
1st
110 VA
102
107% 107%
105
.1947
N Y Edison 3Vis
104%
1
10
106% 106%
99%
—
.1974
mtge 3Vis extended
103%
107%
Gen
*91'A 100
105'i 105%
.1998
.
——
C__:
111% -
102%
106%
106
95%
.1997
series A—
series
21%
108'/a
14
19
J-D
J-D
103 Vi
New York Chicago & St Louis—
Ref
15%
11
17%
110
J-D
3
113% 113%,
.1997
& Hud River 3Vi
registered—
42
110'A
102 7/a 103'A
19
103 VA
J-D
General 4'As series D-——.—3981
123
deposit-
3 Vis
3Vis
112%
J-D
4s series G
Debenture
F-A
deposit—
registered——
Lake Shore coll gold 3Vis
3 Vis registered
Mich Cent coll gold 3 Vis
•
101%
109%
1946
Pacific Gas to El
108
61
Newport to Cincinnati Bridge Co—
.1945
General gtd 4Vis
.1998
N Y Central RR 4s series
.2013
Ref & impt 4Vis series
2013
Kef & impt 5s series C_.
N Y Cent
99%
33
>1964
1st gold 5s__
Coast Co
Pacific
103 Vi:-
M-N
J-J
93%
82
deposit—
A——
of
107
*99% 100'A
109% 110'A
109%
*105%
102'A
deposit
series D—
ACertificates
89
11C%
15
107% 108
J-J
J-J
M-S
—.1945
5s
105%
83
C^
ACertificates
89%
67%
*105 VA
1st
General
.1935
1954
B
Certificates
Alst
67%
78
,
{New Orleans Texas to Mexico Ry-
.
25
88%
F-A
F-A
M-S
1966
3%s__
Elec
16
J-J
series
88 VA
86'A
.
J-J
&
23
M-S
J-J
5s
86%
87
,
J-J
Gas
Transmission
107
*103'/a
J-D
1952
A
88
;
'
3s'„———.1974'
105% 106
M-N
Orleans Terra 1st gtd 4s__— ,1953
A 1st
100 %
J-J
1964
102% 103
107
103
A-O
.1945
.1983
NO&NE 1st ref & imp 4Vis
New
F-A
M-S
J-J
1st mtge 3s—. 1974
Jersey P & L
80%
J-D
4'As
112'A
110
1
■26
93
92%
J-D
.1945
.1961
1st gtd 4Vis series B———
J Junction RR gtd 'st 4s——-. .1986
New
161
Oregon RR to Nav con gold 4s—_194Q
Ore Short Line. 1st cons gold 5s___1946
65
108
10
108%
no % no %:
U-N
101%
48%
132
108 Vi
J-D
109
'
96%
94%
J-D
.1952
gtd 5s,___—
Consol gtd 4s
New
99%
104
114'A
96
'101
M-N
111%
105%
■
N
mtge
99'A
99
J-J
Paterson to Passaic G & E cons 5S-1949
107
111
108'A
108
A-O
13%
108
ill'A ill'A
106 % 106 V
.
j
104 Vi
,vC-
J-D
1st
61%
102
72%
68'A
11
A-O
Steel
168
103% 103%
72%
69%
—1965
Montana Power 1st & ref 3%s
1966
Montreal Tramways 5s ext—1951
Morrell (John) & Co 3s debs———1958
Morris to Essex 1st gtd 3ViS—2000
Constr M 5s series A——1955
Constr M 4 Vis series B———1953
Mountain States T to T 3V4s_——-1968
Mutual Fuel Gas 1st gtd 5s—
.-1947
National
81%
J-J
-
1st to ref mtge 3s series J-
M-S
debentures—^
Dairy
66
81
1st & ref mtge 3%s series I—L1966.
A-O
%
F-A
Nat
70%
84
81%
J-J
57%
69%
11'A
M-N
B—1966
Monongahela W Penn Pub Serv—
1st mtge 4Vis.
,-1960
Nat
69
*63
Q-A
69 Va
"v
F-A
.■
ref 5s series I;
Nash Chatt
102
53
104
51
102
73
69%
Monongahela Ry 3Vis series
6s
88%
'
66'A
65'A
*102
30
F-A
M-S
1965
1975
.1977
1978
to ref
A 1st
J-J
1949
gold 5Vis
gold 5s series H
A 1st
-
A-O
D
1978
A—Jan 1961
{Missouri Pacific RR Co—
A 1st & lef 5s series A
AGeneval
Co—
105'A
16
101% 102
66'A
92%
64'/a
series
5s
101 'A
129
121'A
129
105
M-N
Missouri-Kansas-Texas RR—
Prior lien 5s
Q-J
Q-F
125
116
1997
Power
133'A
129
.
*121
77%
..1962
1st 4s
Mo Kansas & Texas
48
Guaranteed stpd cons 5s——1946
1971
—1991
1959
1990
A
ser
mtge 4s inc ser A
RR
47%
40
104
States
1st'.mtge,
•
1st
Gen
89%
34%
105
>
{Ogdensburg & Lake Champlain Ry—
§ Alst guaranteed 4s
—1948
Ohio Edison 1st mtge 3%s
;:
1972
{Minn Ct Paul & Sault Ste Marie
t A Missouri-Illinois
82%
231
*129
M-S
M-S
-
37
38%
132% 132 VA
O-A
-
84'A
*34%
O
12
18
38 %
F-A
90%
1949
1962
{Minneapolis to St Louis RR—
A 1st & ref gold 4s
ARef to ext 50-yr 5s series A
90
82'A
36
84'4
A-O
103%
97
J-D
89
110%.
71
55
r.
v
*100% 104%
109%
107%
Q-J
1st mtge 3%s
(Wise)
108%
1939
-
1974
31
106%
*107% 108%
J-J
(Minn) 1st & ref mtge 3%s—-1967
'.'1st mtge 2%S—-1974 \'v
1
94
73
106%
/. 19
V:
100'A
95
V—;
22
95
111
18%
*107%
Id gold 3s_—_Jan 2047
ry to
87
6
.
.
1974
A__
14
108
95
21
21
7'A
7 %
140
21%
50%
15
108% 109
M-S
A-O
to
Northern
109
34
"91'A
J-J
registered
;
2047
impt 4Vis series A___—__2047
Ref & impt 6s series B
>2047
Ref & impt 5s series C—
2047
Ref & impt 5s series D__
2047
101%
92
-
'
105%
M-N
3s
Ref
Central—
1951
1st gold 3 Vis—
1952
Ref & impt 4Vis series C
—1979
Michigan Cons Gas 1st mtge 3Vis_1969
t&AMidland of N J 1st ext 5s.
1940
HAMilw & Northern 1st ext 4Vis—1939
A
*13%
102'/a
108
13
32
105'/« 106
J-J
Pacific-Ry prior lien 4s_>1997
Gen lien
102%
101%
v
—
ref 5s——,
4s registered
V;
50
'
„
105'A
105'A 106
*
106
7%
Ry 1st gold 4s_1996
to
gen
ref 4%s series
to
Northern
101
Metrop Wat Sew to Drain 5 Vis
1950
tgAMet West Side El (Cliic) 4s__ 1938
Micnigun
83
Western
&
Central
Gen
—
•
30
F-A
North
71%
'
A-O
McCrory Stores deb 3VA
100
68%
81%
*63%
M-N
A-O
Shovel
Steam
Marion
50
100
r
111 VA
F-A
mtge 5s conv inc
—2014
{§ANorfolk Southern RR 5s A——1961
1943
series A
Central RR 4s
106
18
A Gen
Maine
69'A
11
106%
106
*16'A
>1998
series A
-
52
47
.
5%
3%
2
28
45%
1943
18%
S%
4
68
4
1937
—
:
66
15%
14'A
67 'A
J-J
F-A
1937
1966
Niag Lock & Ont Pow 1st 5s A—1955
1st
64
1940
4 Vis
Norfolk Southern
50%
31%
Y Telephone 3'as series B
i
94
61
94
Niagara Falls Power 3Vis..;
f
59%
16%
,
,»1967
t§AN Y West & Bost 1st 4%s——1946
106%
45%
82
M-N
J-J
J-J
ATerminal 1st gold 5s_.
104
101%
"
—
106
106
1
.
65
A-O
N
61
47%
i/.
95
1965
:_1958
1963
100
94%
46%
88
1993
107%
1
..
99
99
87'A
15
gold
§ AGeneral
50 Va
87%
68
SA2d
59%
46'A
55'A
j—J-i
106'A
1
102% 102%
MS
9 4'A
106% 106%
Paducah & Mem Div 4s__——1946
South
99% 106%
60
45%
62
53%
J-D
El Lt & Pow 3Vis—
N Y Rys prior lien 6s stamp
:N Y Steam Corp. 1st 3Vis——
HAN Y Susq to W 1st ref 5s—
45%
4
50:
47
M-S
N Y Queens
48
47%t
49
49
1955
—
1st cons gtd 4s
5
%
49
{AN Y Ont to West ref gold 4s„—1992
102 Vi
—
105% 106
—1957
4s_—
60VA
54%
,_1954
AGeneral
46
A-O
_1940
4s
83'%
89
J-J
'
{AHarlem River & Port Chester—
1st
71
77
48
J-J
„1948
4s
110'A
11
47'A
47%
M-N
3%s—1956
6s
N Y & Putnam
A-O
1960
—1956
deb
103
49'A
*88'A
—
J-J
Alst & ref 4Vis series of 1927—M967
110'
—2003
Unif mtge 4s series B ext
4s
/'
103%
105
ref 4 Vis series C——_—2003
106
den
ADebenture
120%
to
A-O
——1955
A,
High
106 VA
89 %
81
81
A-O
4s
certificates
—
—*109%
:
M-S
3Vis_,
r
106%
106
1947
3VaS
deb
Low
101%
*109%
104
.
.
,.1954
deb
January 1
NO.
102
—,
M-S
deb
ADebenture
107
1st
106
i
—1947
4s__^
ANon-conv
106%
118%
32
*106
Hartford RR—
<u
deb
§AColIateral trust 6s—
104
6
M-S
Haven
New
ANon-conv
106
104
10
119'A
119
119
M-N
M-N
ANon-conv
122 %
Vi
1973
——1973
A-
series
Range Since
Sold
High
*108'A
M-N
J-J
J-J
ANon-conv
78
119%
103
*106% 107
106% 107
106%
MS
A-O
1st & ref 3%s series E
y
127'A
'
West 4s
ANon-conv
57
123%
10
to
Lack
AConv
--1966
.
y
46%
l
67
v
Vi
*106'A 107
—-1963
Louisville & Nashville RR—
1st to ref 5s series B—
36%
200Q
2043
2043
Harlem gold 3%S—
to
4Vis series B
43%
137
N
*109
Bridge Co gtd 4s——1945
Lou & Jeff
32%
119% 120',i
119%
Y
Mtge 4s series.A_
Mtge 4s series,B
44%
20
-
N
Bonds
Friday's
or
Low
80'/a
33
27
Week's Range
Last
Sale Price Bid & Asked
Period
69%
64%
—:'
M-N
5s series A,—1969
—
Ark 1st
Louisiana &
'
Friday
Interest
Stock Exchanjr*
High
56
171
75
64'A
65%
Low
33
65%
75'A
—
Louisville Gas & Elec 3V2S
No.
35
.
17
York
New
Range Sincb
January I
Sold
M-N
Lehigh Valley RR—
4s stamped
modified
—2003
4s registered——
-,--.2003
4%s stamped modified—;
—2003
4Vis registered™——
-2003
5s stamped modified
——2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd—1965
Liggett & Myers Tobacco 5s_„,—1951
uttie Miami gen 4s series A——1-1962
Bonds
Asked
J-J
-1954
195Q
gtd 5s__
•
F-A
ENDING NOVEMBER
BONDS
Friday's
Sale Price Bid &
Low
Leh Val Harbor Term
WEEK
FOR
Week's Range
Friday
19
86
121%
97
THE COMMERCIAL &
2208
YORK
NEW
Last
Interest
Exchange
1960
1950
1st M 3%s—1966
\
El
Potomac
Pwr
3%s
—1977
Pressed Steel Car deb 5s—
—.-1951
Improvidence Securities 4s
—1957
Il Providence Terminal 4s..——,.1966
Public Service El ft Gas 3%s—..u*.1968
p
„■
.
.
Af-N
Af-8
,
1st mortgage
1st Ae
ref mtge
1st
&
ref mtge
1st
ft
ref
mtge
,
3s—.*.iy7g
J-J
Af-N \
J-J
J-D
-
6s——.——>.2037
-—2037
8s—
Low
77
10314 104%
'103%
M-S
J-J
J-J
F-A
J-J
Elec 1st 4%s—
1st 5? extended to
Fjrtland Gen
No
Viah
Low
109
*—
—
v';1
* 113
•
—
.
108%
113%
113%
12
20%
C
5
•
30%
17
98%
debenture
2%s
l
100 %. 103
*99%
V
*110%
,
107% 10714
110
107%
147%
148%
224
224%
■
—
—
V
■
—
*222%
.
100
100
99%
35
100
100%
gen 5s
—1931
RR Assn of St Louis—
'
refund s f gold 4s
—1953
cren
94
4
94%
107% 107%
1
104%
107%
106
105% 106
J-J
106
106
deb 314s
—1950
3!4s—
1960
1$ARio Grande West 1st gold 4s__1939
A 1st cons ft coll trust 4s A
1949
Rochester Gas ft Elec Corp—
Gen mtge 414s series D——1977
j-j
M-S
*125%
3%s series H——1967
Gen mtge 314s series I
1967
Gen mtge 3%s series J
—1969
|§AR I Ark & LouiS 1st 414s—,—1934
M-S
*111%
111%
103%
105%,
104 Va
107%
102%
106%:,
*117
*108% 109%
39%
ref
ft
104%
104% 105
A-O
105%
105% 105%
94%
94%
95
69
81
6114
63
35
44%
66%.
106%
106
106 %
10
105% 106%
125
125%
13
115%
100%
74
81%
100%
A-O
100
99% 100%
9.9% 100%
174
79%
100%
...^.1980
J-D
80%
100 %
103%
104 Va
Af-S
48%
16
J-J
66
15%
29
.11
16
50
50
15
Af-S
i-J
16%
64
.12
6t Lawr
,
Louis-Southwestern Ry—
4s bond certificates
Pac
36%
37%
8614
62%
63%
63%
61
61
t;
60
M05
105
:
—
RR 1st
38%
ft
gen
&
gen
Devel
&
gen
Mem
Div
102
104%
;
17.
.103%
105%
\
7
126%
128%
.
104%
104% 104%
128
128
128
74%
V 21.
76%
75%
77
43 Vat
land
.1959
1967
-v
F-A
(
77%
75%
20
75%
33
34%
449
21%
33
34
129
20
47%
46%
4814,
477
28%
'•
75%
..
RR Co—
Washington Term 1st gtd
Gen
27%
48
West Penn
40
46%
47%
Western
42 %
68
24
24%
7
23%
62
t A Western
54
Western
;23%
90%
J-D
—
105%
12
109%
Pacific
Union
&
Co
J A Wisconsin
98%
Wisconsin
88%
Wisconsin
85%
84%
86
480
65%
85%
84%
85%
333
65%
112
106% 106%
*100
j-j
*108
A-O
101%
91%
106%
106% 106%
104%
103% 104%
222
1st 5r ser
97%
7
98
118%
118% 119
29
A-O
92%
94
112
if-8
A-O
109 %
109% 110
15
92%: 110
A-O
113%
113% 113%
28
96,.
J-J
a
100%
2
100%
100%
56
1
49%
49%
109
112%
107% 107%
4
106%
107%
110%
111%
the
ending
and
11,
101
101
119
106%
109%
109 % 110
42
109%
112%
104 '/a 105%
86
118
118
104%
Af-S
102%
88%
105%
6
Af-N
107%
103
102
the present
t 3%s series D
in
98%
107%
77%
103
101%
108%
14
102
107%
106% 107
57
100%
107%
102% 102%
Af-S
17
106% 106%
10
101
102%
107% 107%
J-D
106%
M-N
J-J
68%
66%
68%
J-J
65
63%
65%
79
M-S
(Nov.
17,
•49
>109%
69%
111%
100%
100
100%
62
91%
103%
103% 103%
5
101%
104%
116 Va
116%
A-O
J-J
J-J
70%
19
*16
,
...
74 %
7
60%
70
6
72
70
18%
70%
Af-N
57%
14%
22%
207
/
■
-
.
18
14%
1
;
109%
110%
109%
109
103% 109%
3
J-J
5
107%
111
M-N
104%
103% 104%
31
A-O
109
—..I960
sale
delivery
in
not
101% 106
d Ix-interest.
e Odd-lot sale not
sale not Included to the year's range, r Cash sals
Included in the years range,
n Under-the-rule
the year's range,
y Ex-coupon.
§Negdtiabillty impaired by maturity.
tThe price represented Is the dollar
Accrued interest payable at the
quotation per 300-
exchange rate of $4.8484.
bankruptcy, receivership, or reorganized under
Bankruptcy Act, or securities assumed by such companies.
•Friday's bid and asked prices; no sales being transacted during current week.
tCompanie$ reported as being in
the
60
Section 17 of
ABonds selling flat.
104
AND
It is
1944).
53
110
100%
Af-S
4s—.1936
72%
55%
68
the year's range,
-,ui
RECORD
YEARLY
to the week's range unless they are the only transactions of the
No account is taken of such sales In computing the range for the year.
Friday
.
88
107% 107%
deposit
pound unit of bonds.
week, and when selling outside tha
regular weekly range are show*
-
4
week beginning on Saturday,
compiled entirely from the daily reports of the Curb Exchange itself, and is intended to
security, whether stock or bond, in which any dealings have
include every
101%
117 Va
*99%
*106% 106%
A-O
3%s_—.—,.1968
Public Service 3 Vis——1971
extensive list we furnish a complete record of the transactions on the New
In the following
Nov.
they occur.
53
102%
100%
*100%
deposit—
deferred delivery sales are disregarded
week in which
102,
38%
98
1
NEW YORK CURB EXCHANGE
in
84
95%
.
8
;
102 Ve 102 Va
F-A
Elec Power
not included
107%
11
WEEKLY
104%
"89%
68
155
70
Central 1st 4s
of
4
79
101% 101%
F-A
—I960
..1949
1st 4s—
of
88
77%
F-A
116%
2
109%
162%
87%
Q-M
1st mortgage 3s_.—1958
Deferred
Included
114
109
103
31
102%
102
Youngstown Sheet ft Tube—
94 %
106 % 106 Va
52%
106% 111
120
;
.
73%
*110%
15
107% 108 \
—
ACertilicates
1st mtge s
105
116% 116%
footnote
98
80
Co-
{ASu ft Du div & term 1st
105%
J-J
a
"
107%
100
__
86
A-O
J-J
J-D
In
101
90
102
86 V2
J-J
and
111%
104% 106 %
*105% 106%
Af-a
113
106
113
113
A-O
107;
2
1st gold 4s—..3951
NOTICE—Cash
99 %
97%
*109
113
M-N
J-J
Telegraph
Certificates
93 %
Af-N
103
22
—.1952
1977
A.—1946
5s.
101%
Af-N
Apr
98%
Af-S
gold 5s—.—
101%
66%
F-A
104%
series I.—1966
Power 3%s
25-year
94
115
ASpokane Internal 1st gold 4,/aS—2013
Oil of Calif 2%s debs
1966
101
J-J
Maryland 1st 4s—
69
88
Stand
5
J-D
ref 5%s series A.
&
90%
46
'
87
*51
101 '/a 101%
,—.1967
Winston-Salem S B
8714
M-N
104
105 Va
A-O
3%s—^.1945
109
Af-S
107%
It 0%
101%
101%
Wilson
256
J-J
109%;
5
10
A-O
124
91%
Southwestern
111%
101% 101%
.ry&o
106%
90%
92%
106%
108%
1
106% 106%
77%
103%
91%
J-J
102%
10G
8
16
104 % 104%
J-D
30-year
105%
Af-S
1994
.—1956
6s—
— 1950
614s———
—1956
gold 5s
—.1990
109% 110%
Apr
107
2
91%
*99%
105% 106
F-A
Funding & real estate 4%s
,
A
Aug 1949
—1949
Lines) A
1977
——1968
1969
1981
1st 4s
—1950
ref gtd 4s.__—1955
102% 107
105% 106
105%
110
Apr
123
107% 108
107%
J-J
24
106
A-C
J
1971
105%
34
..
107% 107%
A-O
.
103
1
106 % 106 %
*126%
A-O
70%
103
5
103% 103%
F-a
102%
52%
3
103% 103%
A-O
1st
102%
100%
V":
106% 108%
A-O
.1950
,—1951
1960
Westinghouse El ft Mfg 2%s
1951
West Snore 1st 4s guaranteed—..2361
Registered
2361
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3%s series B—1966
100
23
*101% 10214
68
25
1981
B—11991
3%s
mtge
20
68
106% 106%
guaranteed 4s__
1945
5s stpd gtd_„—1950
1st 40-year
92
F-A
106%
j-d
Westchester Ltg
47%
F-a
1961
102 Va
U-N
RR 1st ret gtd gold 3VaS__2000
68
101% 101%
.6
A-O
Washington Central Ry 1st 4s—1948
66%
J-J
104%
104%
J-J
A
4s inc series
mtge inc 4%s ,series
Walworth Co 1st mtge 4s
46%
'
.
series a
mtge 4s
1st
46
J-J
106%
104
f-a
47%'
F-A
103 %
104%
M-N
47
47 %
105% 105%
8
J-J
..1947
Gen
48%
M-S
112
20%
18
RR cons g 4s series
/ Warren
34
M-S
111% 111%
.
.
grant 4s
Gen .mtge
34%
34
75%
110%
A-O
f 4s series B—
s
Wabash
76%
43
V
97
Bell Tel 314s B__—1964
1st & ref 3s series C
—
.—.1968
Southwestern Pub Serv 4s——
1972
1st
Louis Div
St
106% 107%
107% 107%
W
38%
J-J
Devel
103%
120
64
30%
34%
5s
4s series A—
Devel
104
101%
103
105
92
192
76
Ry 1st "cons gold
Southern
101 Ve
102% 102 %
40%
104
82 Va
5
-.
——
Term
86%
53
85
■
,
38
*103%
97
70%
46
,
105
3614
37%
106%
2
9
105%JL.05%
——
Gold 4%s—
RR—
Pacific
&
Cons
37%
28%
A-O
1979
Gold 4'45
South
28%
16
a-o
Pacific Co—
4s
(Cent Pac coll)
4s registered
Fran
1,342
A-O
Southern
Gold 414s.
5
104
*._
1945
Va Eiec & Pwr 3%s series B
•
Corp coil tr 7s_—1941
debentures 4s—
-1952
Sioux City .& Paciiic Div—
See Chic & Northwestern Ry
"Skelly Oil 3s debentures—
—1950
Socony-Vacuum Oil 3s debs—
1964
South ft Nor Ala RR gtd 5s
-1963
South Bell Tel & Tel 3%s
1962
San
36%
85
Af-S
|§ ASilesian-Am
1st 4 %s (Oregon
96%
Af-N
A—1955
1957
1968
$■■■■ 1st & ref mtge 3s series D
-1974
YVa Iron Codl ft Coke 1st gold 5S..1949
Va & Southwest 1st gtd 5s._
2003
7
1st 'cons 5s—
—«.——1958
Virginian Ry 3%s series A
1960
48%
36%
A-O
1954
debentures
36%
44 %
f
U-N
Simmons Co
3s
1
104
.1971
3%S—
debentures
Vandalia
46
50
%
F-A
certificates., ...—1935
series B
32%
36%
37
J-D
——-—1959
Union Oil 2%s debs.—
2%s sinking fund debentures
30%
J-J
46%
33
11
396
44
J-J
(Chemical Bank)—
f§ AAtl & Birm 1st gtd 4s
-1933
jASeaboard All Fla 6s A ctfs.
1935
AGs
535
41%
d43% d45%
J-J
deposit—,——;
Shell
170
94
1
dep
of
'
U-N
deposit——
A 1st cons 6s series A
—1945
A Ctfs of dep (Guaranty Trust)—
Ctfs
100
102%
89%
J-J
Distillers 4s s .1 deb—-.-1952
Scioto V & N E 1st gtd 4s
1989
ISeaboard Air Line Ry—
jAlst gold 4s unstamped
1950
§A4s gold stamped...
—-—1950
A
95
97%
5
36%
Schemey
ACcrtificates of
44%
if-8
goid 5s series
ACertificate of
1
5
44%
ft Duluth 1st cons
SARetunding 4s—
100%
95%
60-
91%
41
A.—1990
gold 4S-1968
|§ASt P & K C Sh L gtd 414s
1941
St Paul Union Depot 3VaS B
1971
%
83
38 %
a-o
/United Biscuit 3%s debs———1955
Cigar-Whelan Stores 5s
1952
United Drug 3%S debs
..——.1958
'.'United Stocxyards 4V«s w w_.
1951
Universal Pictures 3%s debs__—.1959
,
d41% d42%
42
j'-j
Nov 1989
1952
bond ctfs—
& unifying 5s
ft ref
AGen
St Paul
77
99%
99%
91%
J-J
1989
1st
{A 1st term
63 V
100% 100%
9914
J-J
A Certificates of deposit—----M 414s series A
—1978
A Certificates of deposit stpd
A2d 4s inc
76%
99% 100%
100%
AT-8
ACons
|St
86%
37
Af-S
34-year 3%s deb_._—..^—1970
35-year 3%s deb...
lL.
—.1971
Ref mtge 3 %s series A_"._
.—1980
;106
62%
77
77
Af-N
.
I
88 %
85
37
J-D
,
1st mtge 5s_
-1959
St L Rooky Mt ft P 5s stpd
1955
ISt Louis .San Francisco Ky
A Prior lien 4s ser A—
—1950
a certificates
of deposit
A Prior lien 5s series B
i——1950
v
71
86%
J-D
Y United
Bt L Pub Serv
}■■■■
108%
106
78%
*73
A-O
,
§ A 1st 4s stamped—
—lyJJ
A Certificates of deposit-———
■
104
a-o
—1953
t§AUnion Elev Ry (Chic) 5s._
U nion Oil of Calif 3s deb...
& Southern—
'
*100
J-j
i960
Jan 1960
ref ft impt 3%s
Union Electric CO of Mo
19%
,
105
106%
J-J
J-J
gold 6s
2d
|St Louis Iron Mountain
River & Gulf Division
106%
106
a-o
1960
1947
1998
Ltd 1st M 414s
J-D
U
17%
1st
Grand Island 1st 4s
ft Adir 1st gold 5s„
122
'
v
New Orl 3%S—1974
Tri-Cont Corp 5s conv deb A
Union
Baguenay Pwr
99% 100 %
100%
126
M-S
3s
;St Jos &
106%
125%
—
•i
105
105
3
If-N
1
1960
i Toledo St Louis & West. 1st 4s
1950
{ Toronto Ham & Buff 1st gold 4s__1940
-r Trenton
Gas & Elec 1st gold 5s—1949
96,
61%
106%
91%
36
A-O
1st ref 4s~.
ft Ohio Cent
113
105%
*107%
F-A
J-D
income" 5s_
A Ad]
<Tol
111
1979
D__
series
5s
Third Ave Ry
\
''118
'117
120
111% 111%
50%
J-J
A-O
1949
-1941
4s stpd
|§ARutland RR 4V4s stamped
,
j-j
.
.1950
series C
5s
Tenn RR of
Pac
-
103%
101%
*103% 104
Af-N
mtge
f ARut-Canadian
■
11
*103% 104%
110%
ref 4%s series B—
Copper & Brass
Gen
>
104% 105
*106% 106%
J-D
j-j
3%S series B..1974
Pacific-Missouri—,
Texas
111%
107%
ref
&
Gen
i
106%
97
8
53
J-J
ttevere
i
105%
U-N
i
Company 3s deb..—_«.._.1959
3s debentures
190ft
Texas & Pacific 1st gold Ss..^a^..2U0O
Gen ft ref 58 series B—1977
'
105
106%
106%
102% 103%
103%
A-O
Remington Rand
.
106%
102
.
& impt mtge
Gen
—1997
1997
Gen &
s
104%
17
j-j
•
^ehn Coal Iron ft RR
'.
'Terminal
a
R
1
12
103% 103%
110%
106%
*14814
,"
J-J
1951
104% 105%
103%
100%
*
4s
High
105%
—
,
Texas
Reading Co Jersey Cent coll
Gen & ref 414s series A
Low
J-D
'
-Ret
deb——r—-1964
January 1
Range Since
No.
Af-N'-
Sunray Oil Corp 3% debs__.%—..1959
Superior Oil 3%S aebs_--_.;.—.-,-1950
Swift ft Co 2%s debs
—^.1961
Tcxarkana & Ft Smith 5VaS A
Quaker Oats 2%s
Hiah
J-J
3s_——.1901
—1953
(Standard1 Oil N J deb
109 %
—
..
.10214 102%
20%
20%
102%
High
105%
Sold
Bonds
Friday's
or
Low
106-
99%
101
*10314 108
Last
Interest1
January 1
Week's Range
Sale Price Bid &■ Asked
Period
Stock Exchange
New York
Range Since
Sold
Friday
BONDS
„
Bonds
Friday's
or
Sale Price Bid & Asked
Period
\
17
NOVEMBER
Week's Range
Friday
BOND 8
New York Stock
BOND RECORD
WEEK ENDING
RANGE FOR
Monday, November 20, 1944
FINANCIAL CHRONICLE
York Curb Exchange for the
•
occurred during the current year.
RANGE FOR WEEK ENDING
NOVEMBER
%
17
T.j
,'j
O'fH
%
Friday
8TOCKS
New
York
Curb
Last
Exchange
Sale Price
Ae.ro
—10
common
__a
B_
Ainsworth
Air
Co
w .re
Supply Mfg class A
Class
Mfg
Associates
1
•
'
.
—1
common..
Inc
(N J)
Shares
Low
900
2%
26%
26 Va
20
3%
3%
1,700
1
12%
.
7%
12 Va
13%
7
7%
,
Sale Price
Air
Investors
common
Jan
26%
Sep
21
Jan
Air-Way
Jun
4
Va July
Alabama
Electric Appliance
Great Southern
July
Alabama
Power
6%
2.700
x8%
15,800
2%
2
Feb
10
Feb
13%
Oct
Jan
8%
Oct
Range
Convertible
S6
preferred..
preferred
Co
$7
...
pfd
*
•
100
Sales
for Week
Shares
Range Since
January 1
High
Low
Ulan
3%
3%
x96
2%
100
.
3%
400
96 %
40
2
Jan
3
Oct
35
2%
96 %
preferred
!
"'egheny Ludlum Steel 7%
2
10
3
of Price*
Low
Par
High
Va
Sep
Week's
Last
Exchange
3%
22
1,300
9%
Curb
Sep
Oct
2%
19
8%
York
Range since January I
Hxah
'
ft
-50c
F^rf^tnotes see page 2213.
—
3%
New
for Week
2%
1
ntltie
Range
of Prices
Low
Par
Friday
STOCKS—
Sales
Week's
Jan
35%
Jan
2%
89-
Apr
4.
102
Mar
*N0V
119
10
114
Feb
119
108% 109
20
104% Mar
109
119
111%
July
Jan
Oct
114 %
Nov
July
citf WdwiaW a. t ftr*bi«fwwa ^.Wiaf'SftTf
•
v
Sale Price
'.I
••■
*■'.ft
■'■
m
vft
ft,/
.,,
*,
par
r
.■
Class
,,
A
6%
.,".
Goods
Aluminum
Ltd
Aluminium
900
13 ft
85
Co—
Class B.
American
&
American
Fork to
American
Gas
Feb
May
Jah
86
trust
Voting
Cables
,
Oct
Calamba
Nov
10914
California
Callite
Nov
28%
39 ft
574
40 ft
4274 Aug
Jan
Fire
35ft
7 550''
Jan
4514 Oct
.
42
w
Aug
3ft
9,700
1%
Feb
3471.
36ft
4,300
35%
Oct
36%
13,200
Oct
17a
1574
Jan
26%
Jan
ft
ft
;
31 ft
—10
■
30ft
32%
8,700
111ft
111
—100
325
814
common—10c
$2 convertible preferred—«i——1
$2.50 convertible preferred——
1
American Hard Rubber Co——25
American Laundry
Mach
—.—20
American Light & Ttac common—25
6ft preferred——
——25
American Mfg Co common
——103
Preferred
—100
514
814
7ft
preferred^
Carman
Co
&
Class B
Nov
17 ft
2,100
class
Carnation Co
4014
46
Aug
19ft
Jun
$6
34
Jun
Carter
19
Sep
Casco
Aug
Castle
(AM)
3574
Jan
;r:%30
88ft
Ig
54
A
ft Aug
.
W)
(J
American
American
31ft
13 ft
of
Corp
Central
Hudson
Maine
Corp com—
10c
preferred..
————*•
So series preferred—,
—*
Ainerican Thread 5% -preferred.
3
i
New
Central
Ohio Steel
July
Central
Power
Apr
Central
h South
48
Jan
1514
&
105
1,700
Jun
Jlln
,
York
7fo pfd—
&
5ft
Power
74 July
2014
Jan
Chamberlin Metal Weather Strip
Corp
4ft
800
3%
Jan
414 NOV
Clierry-Burrell common—
5ft
5ft
5%
700
414
Jan
714 July
rhpsebrough
200
274 Mar
314 Nov
Angostura-Wupperman
1
ftApex-Elee Mfg Co common.^.—.—
*
Appalachian Elec Pwr 474 ft pfd.—100
/ "'Argus/ Inc —
—;—-1
Arkansas Natural Gas common.—.—-•
Common class A non-voting
_*
3ft
3ft
3ft
"5 ft
3ft
400
2'% Mar
314 Nov
2014
300
109% 11014
100
10
Post
common
2
Fence—
preferred
6ft
Aro
7ft
77a
5,600
Apr
3%
900
3
May
474 July
3ft
37 a
4.200
3
May
Toft
10%
10%
1,000
974
97'/a
20%
GVu
7 ;
2oo.
r.;;
22ft Sep
7.74 Apr
11%
Drop
914
5%
Jan
674
1.800
i/o
Jan
Claude
914 Nov
75
1—5
Plywood Corp
—1
Products———
15%
July
80
Feb
11
Oct
Colt's
Apr
1714
Oct
Columbia
5.500
200
474
974 Nov
May
674 July
:
Jan
10%
500
25
150
2114
Feb
2514 July
Community
14
300
914
Jan
15 ft
Compo Shoe
Oct
<
Community
;
warrants for
Aug
2014
4.200
ft.
Rubber Co
Raldwin
1
common.——
9ft
; 9%
11%
50
31a
3%
Steel
6.400
t
tL)
Beaunit Mills Inc
common
common—
Aircraft
"Bell Tel of
—
:
...——100
Canada.—.
optional convertible preferred
Blue
Co.
Ridge Corp common.——
$3
Blumenthal
<S)
&
Bourjois
Mfg
Am
1
174
Jan
50
50%
750
4314
Jan
52
.15
*1514
700
1074
Jan
8%
100
7%
Feb
1174 Mar
"ft
105ft 105ft
50
8%
105ft
2914
80
.3
.19%
19
2%
dep
rets
Celanese
;
'1
1,800
,
A
$5
1714
Sep
21%
Jan
1374
374
Jan
;
300
ft Jan 1
3014 Sep
common
—
574
Mills
20%
—•
o.200
77%
.1
S5
East
25
preferred.
| Bunker. Hill
Burma Corp
•
& Sullivan
Am
Butler- (P
.12^0
Burry Biscuit Com...
I
For
H)
common.....
footnotes
see
page
1874
1874
•110
109
■■ ■■
2213.
25c
12
Apr
ft
5ft
2.050
400
33
32
83 74
150
V
974'Nov
2874 Mar
lft
1.500
9ft
700
374
Jan
5ft
200
374
Jan
■14%
200
10ft
Jan
3ft
2.500
2
50
24
3
2574
25%
2ft
2 ft
43
24%
;
%o
15
900'
.v..ioft.^-;:-55o
July
374 Aug
25%
Oct
474
Apr
Oct
Feb
52
Oct
Apr
26
Jun
374
.
10
15
1974
8.100
13 ft
1474
10
50
2274
2374
4574
Jun
674 July
Jun
ft
400
3
lft, Feb
11
Jan
1
'
July
Apr
774
200
2.600
5%
574
Aug
3 ft
36ft July
2274 July
% Jan
9ft
23%
1474
9
88
Jan
9
xi r
Apr
-
274 July
Feb
1
9ft
23 ft
2374
14
Sep
2
Oct
fi Feb
Jan
23
200
2ft
874
174 Jan
30
84
1774 July
Feb
ft Jan
300
2 ft
274
lift
10%
300
19%
8.900
Jan
Nov
9
Jan
r
■
67a
9214
314
30
10
110
,
500
2.400
.
Aug
Oct
Nov
1074 July
6%
Detroit
t:
Jan
16%
2 74
Apr
Sep
3%
8% May
Oct
10 74
,
Nov,*
Detroit
De
Steel
1974
1474
Apr
Feb
111
9 ft May
12
Products
—...
7 ft
Oct
Am
Oct
Divco
Shoe
1
Corporation
Oct
500
374-
84
84
10
8ft
8%
Co
common..
1
Apr
174 July
Domestic Industries class A com.
374
2.10Q
3
Apr
4
Jan.
Dominion Bridge
Jan
Domin'ort
Co Ltd
Sfepl h Pool
65
84
Jan
Oct
135
May
Jan
1,200
5ft
10%
-
Jan
7974
Jun
72
July
Feb
15
15
100
1274
Feb
16
Jun
20%
2074
2074
100
19
Jan
21
July
lft
20
X
1".
57b July
Jan
'
,
174
174
1,600
57*
57+
"•574vf!) pi,2001
2874
' "100
74'
1% July
Jan
...374. -Jan
■
.
'
"
2874
6%.July,
'•20ft
Jah
&F*
22
.—10
Jan.
26
6'4
13 ft
8
Sep
Oct
Aug
ft July
„1
18%
Oct
9ft Aug
1374
Nov
1274
1374
2,900
1174
13ft
1,200
5%
Jan
10%
Jan
13
1174
-1
10.900
5ft
1374
.£1
dep rets ord reg——
Dnbeekmun
Oct
600
6ft Mar
13 ft Mar
13»
,"*""474 Julv
84
1
—1
.
Jan
Nov
36%
Ltd—
10%
-
2174
Jan
common!—...
Stores Corp—
Co
5
Nov
Jan
3374
10
preferred
ruflmnnri
lift
29
1574
70
,.-.10
Vilbiss Co common—
Diana
lift
Jan
150
113
50
preferred—.——
Gray Iron Foundry.—.'.. .J
Cq common-
Detroit. Mich, Stove-
35%
—100
A convertible preferred—
Gasket & Mfg—.
Distillers
9714
.
Detroit
Nov
Oct
debenture—
20
35 74
474
9
Derby Oil & Refining Corp com..
„
Jun
'23ft Nov
26
May
.:
$6 prior preferred————.
Nov
Oct
20
1
114
31«
100
8ft
24
1014
•(.'
Nov
16
84
3574
1074
31a
110
2
.
■114
2.50
dep rets—
I
2ft
Power-
preferred
1st
5
Jan
21
1014
July
Mar
common—..—2.50
(Mo)n.a..r...!
Dejay Stores—
Dennison Mfg class A common—.
Oct
19
.
Feb
10
*
14
100
12
1
Feb
20
174 Jan*
2.100
3ft
0
—
Jan
440
74
Dayton Rubber Mfg.—...———.
..._35
Class A convertible
—.—
'
1474 Feb
ft) 574 Sep
031'.
...5
Ltd—
May
.
314
900
6%
V.,
19 ft
—*
—
9
110
D
Jun
20
1% May
<■;*}
1.600
109
Davenport Hosiery Mills—
July
20 ft
Jan
17
1
13
774
;
Nov
37 ft
Feb
-ft 3 74
100
4%
474
4.(^00
July
16
'•
8ft
*
A.
5ft
5ft
12 ft
Feb
■
;
♦
Distillers—,—.———J'
Niagara &
Si.60
Jun
16
,
12
1.10s
Buckeye Pipe Line
Buffalo
Sep
1374
Jan
8
23
Jan
class
•;
6
Jun
174 May ';
1514
Power
Jan
Apr
Jun
974
3,000
1
r
Mfg Co
Inc
Lighting
Curtis
1.400
£1
Brown Rubber Co common
Bruce IFL) Co common
,
Curtis
Oct
2.000
-21ft
preferred
Silk
Jan
ord reg——__ft.__£l
Ltd—
prior preferred—
Bruck
:
Oct
t
914
9
3 ft
Drug Co common
Nov
Jun
Nov
•115
Jan
convertible
374
•
2%
•
Brown Forman
1
36 ft
Jan'
Aug
Columbia
Class
3014
274
18ft
9ft
110
—25o
preferred
...—25
Crystal Oil Refining common—
*
$6 preferred——
.....—.>—10
Cuban Atlantic Sugar——
5
Cuban Tobacco common
—..*
1274 July
* Jan
18 ft
Brown Fence & Wire
?
Crown
Tobacco-
Class B
-
Oct
1774 July
Oct
Jan
Jan
400
5ft
.
5074 July
974 Oct
Jan
3,400
International A-—-*
33*
2ft
•
•
18
Amer dep rets ord reg
British
Petrol
Sep
674
2ft
(Md)——u.—.9
Cent
Cork
20%.
ft
1314
1314
6 ft
2.100
»r-':7-314-
-,3
-
—
Jan
18 ft
———•
Crown
Nov
32
274
12 ft
9
1
Crown
113
,
.
Mar
3
Jan
14
2,600
33%
307a
31
■
Co..4.,
Brewing
Crowley Milner & Co...
1514 July
Jan
24
150
30ft
...*
...
dep rects ord bearer
Am
Croft
July
10
'
-
Jan
11174 Aug
674 Aug
X16T4
—..50
:
Jun
274
1
—.—
Sep
?
18 74
receipts (ord reg)__£1-
dep
Petroleum
Nov
11874
lft
——•
common
preferred
convertible
American
Nov
1.400
*
common
—
American
British
11%
Petroleum
Courtaulds Ltd—
1574 Aug
Feb
"-274
British American; Oil Co.—
British
Jan
6ft
'
Co
A
5ft
Creole
common....—*
Aeronautical
Class
Aug
Apr
Bridgeport Gas Light Co..
*
Bridgeport Oil, Co—"
.
3
12
Inc
...
'tfriilo
$6
Cosden
Feb
5014
1st preferred
Brewster
Sep
Sep
1174
—25
100
$5 2d preferred..,.——^r..-.*
Brazilian Traction Lgt & Pwr„
.—*
Breeze Corp common—
....—1
& Reynolds—
preferred A——
'ion
36 ft
39
10ft Jan
Bowman-Biltmore
7ft
Cor'
/Nov
144
Feb
Aug
974
70
114ft
:*
-1
2%
(H C) Co common.
———'*
1st preferred—.,
—;
100,
Borne Scr.vmser Co
Coro Ine d
2.600
Bohack
7ft
197a July
2814 July
514 Nov
■
38
Feb
474
400
*
50
1414
1414
9%
—•
Range Co——i—
Cornucopia Gold Mines
—
674
;
900
9
100
4
Cook Paint & Varnish Co-
Apr
13.400
preferred—,
prior
Copper
1374
•
——
Aug
'
1
1
•
common.:
ft I Sep
10
7ft
Apr
35
————•
common
45%
Aug
Feb;
; 104
1,400
44
Royalty Oil
Steel Corp
Consolidated
74 May
50
(E W)
82
Jan
'
30
2.100
Blauner's
Oct
1714
Jan
12774
14%
Bliss
July
Apr
30
.214
113 74
40
174
1274 Aug
174 Mar
,
Jan
10
107%'10874
X5%
574
: 27 74. Nov
v
Jan
"V.4
Oct
July
!0
Apr
6374
——.—100
preferred
74
4.479
Continental Gas & Electric Co—
143
2
600
77 ft
Feb
9% Jar.
74 Mar
100
•%•
774
6774
6774
11674 116%
7ft
X5%
Oct
274
lift
Bickfords Inc common
lift
100
2074
3374
——100
Nov
143
-7,
1,600
••
Gas
674
4,600
14%
.
%
1174
Utilities
.1
Consolidated Mining to Smelt Ltd—;—5
Consolidated Retail Stores—.—_. —1
8ft
650
u
47 ft Mar
1/64 July
16,600
Feb
974 Aug
474 July
Jan
3/64
Oct
July
674
Aug
27 ft
■h
27
v
108 ft
5 ft
'.',,5
10%
preferred
:Berkey & Gay Furniture,.a
27
12
Sep
674 Apr
2ft Apr
56 74
July
4ft
3ft
32 ft
Nov
Nov
28
Jan
1.750
77
4
—100
Co
Jan
Apr
39 ft
470
3474
——>_•
series B preferred
preferred series C
4 ft
Oct
4
1414 Mar
> 100
Jun
Jan
'
274 May
600
33ft
Jan
17+ July
30%
1.500
4
Jun
Mar
9
974
1.600
8ft
7574
6774
Consolidated
?'•
974
2274
Jan
400
374
374
11174 July
II
75
300
4ft
3ft
1946——.—.—1
Coke Secur common.....1•
Gas &
Jan
74 Jan
900
lft
'
3*2
—25
1
Jun
614
100
.Birdsboro Steel Fdy & Mach Co com—•
Hedges common.
Convertible
Jan
7674
—100
Feb
4
—
18
39
8
wan ants—
4
60O
•
•
1
1
&
Benson
974
Jan
21
1
250
34 7
10
———•
Consol Textile Co—~10c
Continental Fdy & Machine Co
1
2
.20
$1.50 convertible
Bellanca
—10
;
preferred—
9ft
9ft
Xl6% Xl6%
9ft
—— —
20
26
8 ft
11874 July.
1274 May
Jan
10
774
1174 No v
Jan
65
100
1
7ft 1st preferred..——
Brummel Ties.—
Beau
200
Nov
1774 Mar
Feb
8
7
39
—1
Sep
4174. July
*
*
common
6%
;
2574
extended to
c
Consolidated
514
514
Refractories Inc.—————1
Baumann
»
274
314
85 ft
;
.
4
13
i
Corp.—..
9:
Mlg—
$1.20 convertible A common.:—5
Basic
Jan
Seehg
&
Barlow
9ft
Jun
614 Jan
1"
,200
11%
Andes—
.ft.ft .Aft ft/ftshares———..—+
American
Barium
614
17.500
los
de
Banco
20
300
-
102
8
25
*74 ft
——30
preferred
7ft
.10
86 74
874 Jan
400
10 74
10
374
Consol G E L P Bait common—
2974* Oct
Feb
3914
9%
8%
Jan
374
Service——
Machinery—
$3 preferred
Consolidated Biscuit
814
9274
—•
Water
V
common—
1.975
4——1
Service—.
Public
Baldwin LocomotivePurchase
10774
874 .6 8%
Arms—
& Southern
Commonwealth
13 ft
12
Conn
•
Sep
100
Nov
12 July
Jan
1274
Electric—•
&
Gas
10%
.
1774
11.600
4
preference—
5ft
24 ft
27ft
1.650
14ft
ordinary.
—...
Fire
Patent
Jan
974
5ft
27
!.'•
8474
_"ioo
common..
11
ft Jan
,300
74
10
Oct
38% Aug
Jan
12%
Utensil Co—
Co
1674 Nov
117
3374 Nov
7674
Colorado Fuel & Iron warrants
374* Feb
9%
Jan
12%
105
Nov.
10
Jan
6ft
Sep
}|) Aug
57* July
974 July
7ft Mar
13 ft
78
105
Illuminating—
Jan
7ft Apr
750
Oct,
11974
Apr
ft
374 Sep
——
Oct
314
-
1
—
112
750
11
1
.10
Corp
Airlines
-25
Wilcox Co—.
3474
1074
.
lft
Mfg
Development
Colon
Colonial
B
Babcock &
11
.100
——
Jan
97
174
Plow
Cockshutt
Feb
12ft
8
Patoka Collieries
Jun
100
1874
Coal
Ills
(B F> & Sons common—
preferred.
July
13
450
16ft
1674
18 ft
Aluminum
Club
514
77a
*
105
87/a
300
974
:
...1
Electric
Clinchfield
4774 May
Jan
5ft
9ft
'
Machine—
96 T4 May
16.500
974
974
.„
874 July
Jan
974
-
121
2,200
3374
.1—
& Lambert
2.900
11
15
15ft
Jun
3ft July
Jan
lft May
5.200
800
10%
—1
Voting
%
7ft Nov
31
100
2ft
2%
9
Lights Inc——— .—1
Neon
Clayton
174 July
74 Jan
,
4.000
874
474
b Va
V\
-
900
43
4214
43
2ft
Automatic
4
7ft
8ft
::iS
Automatic
400
914
%
9
1.4
——.».
Controller Co
Clark
Oct
7
'
]ioo
warrants
—
Forge common———
Atlas
Oct
Nov
714 Mar
2.700
v
Jan
2 % Mar
Co
Atlas
6ft
6%
■
107s
115
Jun
374 May
..25
preferred
60c preferred B
—
$6 preferred BB—
——_
City Auto Stamping—..—
City & Suburban Homes———
Cleveland
Fisheries..—
Coast
Coast Line
Ayrshire
lift
•
pfd
Birm & Coast RR Co
Atlantic
Atlantic
Avery
22%
11%
£1
dep rects reg.—
Associated Laundries of America—
Associated Tel to Tei class A
American
Atlas Corp
2014
lift
1
50
119
A-
474
$6
414 Mar
,
Jan
Industries—
Associated Electric
Atlanta
2%
...
Mfg
§ChiIds Co preferred — —
Cities Service common
814 Aug
3ft
2.50
Co——.
113 ft July
3ft
Equipment Corp.—
—
Works common—.1.——_5i;
& Refining
23ft Sep
Jun
7 ft
Metal
Ashland Oil
Jan
13
106ft
preferred.*
Arkansas Power & Light $7
Art
20
'
V
1674
2174
200
119
%
...5
Chicago Flexible Shaft Co common
Chicago Rivet & Mach—
Chief Consolidated Mining—i—
Paper
Writing
American
Anchor
''
Oct
Jan
774 May
90
11%
1174
,10
4ft
115 Aug
9
May
200
10474
104
Co.,5
common—
Jun
118
10
I
Charis
Sep
Jan
11974 Jun
1
16%
,
8
100
4ft
„
Jan
6.700
874
8
West Utilities——50c
Aircraft Co common
Cessna
874
1
pfd.
Light 7ft
July
4874
Nov
200
1374
100
%
Oct
10
May
20
pfd—100
Proaucts
Nov
29
74 Jan
113
Jan
274 July
•
Feb
7
11274 Nov
14
Nov
1674
77 a Aug
com——.*
17 ft
17
5%
Jan
10874
10
74 113 ft
113
,1
Elec
74
41
.10
'
May
ft
25
514
Jan
374
16,500
112% 112%
Central
Apr
200
4ft
%
ft
.
22ft, Jan
100
12
—1
America,,
Gas
Power
Oct
10 ft
3,500
974
1374
lft Nov
40
25
137'a
414
4ft
$6
1st
43
,
13
"25
w*
& Co————
32
Sep
Nov
144
174 Jan
3.800
_•
Central
500'
31%
43
31 ft
Superpower
Amer
lft
1ft
;
574
Jan
X23
preferred—*
Co com—
'
1%
—4.
common—
preferred
Catalin
,
174
157a
——•
Carolina Power & Light $7
Sep
102
Feb
11,600
100ft 100ft
'Co——-—.1
Meter Co_„
—.—.—•
Potash & Chemical,,
.—*
Republics—
—-——-10
Seal-Kap common———2
American
174
1574
17a
Products
27
Apr
Jun
24
Jan
474 Mar
974.
Apr
25 ft
Sep
100% July
Feb
144
—
Jan
■
21
125
2374
Jun
774
Sep
474
•
Jan
25ft Feb
1614 July
150
33
17 ft
17 ft
Maracaibo
American
2374
Sep
2074
2074 Jun
100% July
1
City Products:
1434
33
«7»
100
—
Capital
Oct
1.600
9% July
•
—
Canadian Marconi—.
34%
,
774 Mar
Jan
Industries Ltd—
4114
150
40 ft
Jan
47*
774
Sep
114
Jan
974
574
——
Canadian
July
3314
57* Apr
600
*
Oct
19
Jan
107
200'
8ft
40
_—.——
(
774
.,100
5
—
-
474 '/o
preferred—.—
'American General Corp
American
1
Ltd
'
—
Jan
;
Jun
July
4
874
67o
Corp—
Co
Class B noa voting
Oct
14
874
.
374 Nov
2ft
ft
174
Jan
67a
l
preferred
100
Canadian Car & Foundry Ltd—
Participating preference,— ——25
Canadian Industrial Alcohol—
ft
Class A voting——
•
1374 Aug
Jun
174 July
7a
300
174
374 May
.——10
Insurance——
614ft
Jan
38
200
174
£1
pfd
Power
Electric
Cement
Canada
50o
;
Estate,
Sugar
Tungsten
2 ft.Mar
114 Jan
\lJan
50e
certificates—
Wireless— ".
&
American dep rets 5%
Aug
14%
Jan
Cable Electric Products common
Aug
3ft
35
Hoe common
Electric-
&
7115
,
20
95%
10 ft
44
40%
;.yft
power, warrahtsu.
Foreign
Feb
9
10
10ft
Cyanamid Co
American
Nov
500
39
44
ft————"—-425 '
—:
—————1
common——10
A
Class
ft,
.
Jun
3674
7314
250
2 ft
■
.
31
Camden
—,—100
American
Central Mfg..—f-.a——~1
American Cities Power & +jighft—
ft.
Convertible ! class A
———29
-
Jun
Apr
18 ft
2.050
:
109ft ■;.V
108"
39
Book
Range since January 1
Low
High
High
Nov
31
350
13 ft
79 ft
2
American
30
v.,,
Feb
10914
500'*
19 ft
13%
1
American Beverage common——
Low
814 July
July
2774 Mar
6.000
79 ft
preferred...'—1—-— ——100
6%
36ft
19 Va
——-—*
common———*
common.
150;
113ft 113ft
Mfg.
Aluminum Industries
26 ft
X33ft
337 a
—100
*
2214
2314
113ft
preferred
Shares
'
26 ft
——ft*
Aluminum Co common—;—
6
100
7ft
8ft Jan
pfd—_—•
=——10
conv.common.——.—25
for Week
Range
of Prices
Par
Rian
Lou
Rial*
7ft
7'A
Alles & Fisher common——
Allied Inil Investing $3 cony
Allied Products (Mich)—
Last
Sale Price
.Range since January 1
Shares
of Prices
Low
Sales
Week's
Friday
Curb Exchange
York
New
for Week
Range
Last
2209
STOCKS
Sales
Week's
Friday
'STOCKS—
ftirvwtni^wW •< .v;i.H/-a W ftA. -V, yv«
WEEK ENDING NOVEMBER 17
RANGE FOR
York Curb Exchange
uw't
EXCHANGE
NEW YORK CURB
New
fuftv p+.» t- '. tt'iAu.i, twin*,yi.it V
o^'v? i*<* Jr.* hmh u. ut «
rtov&wiytMtn+si w wm»
km
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number. 4335,
Volume 160
,im
2074
1974
20%
1,000
-1
4%
474
474
400
17
Mar
4%
20%. Nov
6% July
Nov
22% May:
,
-
...
R—.. ——25
100
July
1474. Nov
'
6 74
-
Feb .mI
25%
Sep
874 July
'f ft
THE COMMERCIAL & FINANCIAL CHRONICLE
2210
Monday, November 20, 1944
NEW YORK CURB EXCHANGE
FOR WEEK ENDING NOVEMBER 17
RANGE
6(4
Dominion Tar & Chemical Ltd™——.*
Dominion
63
Oct
300
67
Feb
80
Aug
31
————*
Harris.Co—————10
Driver
Opt
78
31%
200
26%
Feb
33% July
Feb
81
Duke Power Uo-^—
Duval Texas
prior preferred
71/2
100
3%
Jan
8% Aug
500
2(4
Jan
11 (4
200
9'/2
Jan
4% July
11% July
400
1%
Feb
400
56 %
Jan
81 (4"*O ct
32%
Jan,
49(4
Jan
33
11
11
2(4
2(4
East Gas & Fuel Assoc common.—.
4%%
3%
3%
24(4
common———lSulphur—
2%
2(4
:
,100
—
79 (4
80
45 y8
46(4
.100
preferred——
Eastern Malleable Iron .1—. -25
6%
80
47(4
1,300
Oct
.:£%
Oct
1%
1%
1,200
$7
preferred series A—
47
48(4
250
33 y2
Jan
52
Aug
$6
preferred series B-
47
48
100
33% Jan
52
Aug
38
39
1,025
35%; Oct
8
1,000
48% Feb
9% July
17% Oct
States Corp——————
Eastern
Associates-—
$5 preferred v t c_,—
Easy Washing Machine B—.—
Economy Grocery Stores—.—j»—.
;
Eastern Sugar
Bond & Share common—,
Electric
.
•
■
'
lis
Corp————«.
common—
,_10
.
...
9
%
—nil
1%
-i
Jan
99%
46%
Apr
26
•
1% Mar
13%
16%
34 (4
35%
200,
48(4
48%
Jan
38
14
Aug
——
81
10Q
100
Sep
1%
1%
40%
40%
—1
7(4
6(4
27
27
48%
7%
34%
Oct
18%
100
27
47(4
Jan
4% Jan
700
1,100
Feb
38,500
4%
Jan
13% Nov
2,400
.43%
Jan
53%
18,200
9%
Jan
16% Nov
9%
Jun
13
Warrants
Falstaff Brewing—. —1
*
Fansteel. Metallurgical
——Fedders Mfg Co—— lis
_
Fire
-10
(Phila)——
Association
3% ;
Apr
—£1
Ford Motor of Canada—
:.
Class A non-voting————
•
rets ord reg—
dep
Jan
13%
NOV
Interstate Power $7 preferred
1%
Jun
4%
Oct
100
12%
Feb
Investors. Royalty
Iron Fireman Mfg
3,300
14%
Feb
17
38(4
50
11%
Nov
Sep
64
56%
Apr
4%
Apr
6%
Oct
22 ya
300
19%
Feb
23%
Jun
Jan
23%
July
63
2
rets bearerBrewing new———
dep
Amer
1.25
4
DistiUmg—;
Froedtert Grain 81 Malt common.u —1
Fuller (Geo A) Co———— —1
•
Co
Fiaukim
stock———;—.
$3 conv
1,000
23
Aug
300
3
Feb
117%
4y4
17%
1,800
4
:
17(4
5%
30
Power Co
27
Jan
63
1,040
77(4
Feb
90(4
18%
100
14%
Jan
19
17%
.
.
19(4
3,700
7%
Jan
22%
15% Jan
9%
9%
10
1,200
18%
•18%
18%
3,100
16(4
18%
18%
200
9(4
10%
5,300
9(4
—100
Mfg Co common—————S
General Alloys Co——
(F L|
Jersey Central Pwr ft Lt 5 V4 % pfd—100
6% preferred———
——100
7%
preferred—
————100
Julian & Kokenge ,Co———»
Sep
19%
11%
Nov
Jan
3
Aug
300
18
Aug
22
Nov
51
100
48
Aug
Feb
51% Nov
1% July
25
Feb
58
Oct
preferred series A—
——10
common———•
Gen Jaa & Elec $6 preferred B—*
General Outdoor Adv 6% pfd—
.100
General Public Service $6 preferred—•
General Rayon Co A stock—
—*
General Shareholdings Corp com-——1
$6 convertible preferred——*
Jan
84
Oct
Kennedy's
Feb
18(4
8%
78
20
70%
Feb
2(4
600
1%
Jan
1%
500
6%
8%
Feb
Jan
400
8
60
115
100% 102
70
135
Oct
1(4
Jan
102
Oct
Jan
84
July
Jun
3%
1%
Feb
130
75 ya
Jan
13
100
8%
Jan
51%
50
41%
Jan
100
111
15
11%
17
200
7,000
Oct
9%
52
Oct
16
Jan
Feb
13%
Apr
125
13%
600
9
Mar
104
Jan
%
37 Vb
1,400
5%
x40%
Jun
46.
48%
38%
40
15Q
Oct
320
92
Feb
109(4 Nov
40
100
Jan
111
18
Jan
120
July
Jun
Le Tourneau (R G)
A July
8
30%
;
121% 121%
12%
100
29%
2,150
9(4
Feb
40
6%
91%
.———25
36
35% X36
1,900
Jan
11%
300
83
Jun
93% Mar
6%
300
5(4
Jun
10%
1Q(4
4%
108%
136% Aug
750
11
29 y4
8%
Jan
2,600
5%
107% 108%
6%
1.000
37
3y4Mar
200
Feb
Jun
Feb
Jan
4%
Nov
6% Aug
108% Nov
Jun
5%
Oct
11(4
107% Nov
6
Hartford
Electric Light
42
Hartford
10
Corp—.———-
Hearn Dent Stores
-
fi%
preferred
Hec;a
Helena
5%%
——
common-—
preferred
——
6%
29
Sep
10
July
4.200
10%
16%
15%
1(4
Jan
55
Feb
1.000
5% Apr
26% Apr
300
Oct
,4%
Apr
,'7% Jun
30
6%
46
8%
8%
1.100
3%
Jan
10
6%
46
41%
Jan
1.600
6%
8%
84%
17
11%
.
150
IOO
10
Jan
Jan
9%
Jan
9% July
.
19
May
13% July
May
12
16%
19%
10
31%
common—.
& Co class A——
Consolidated G M——ft
Horn
(Geo A) fc Co
(A C)
common
Co common
Horn & Hardart
Horn
5%
&
;
For
footnotes
page 2213.
\
16 y4
300
14%
19
19%
800
18
May.
30%
31%
2.000
24
Feb
8%
9%
3.400
8% May
11%
14%
14 »/4
IOO
13% Mar
52
54%
1,030
37
• "
100
18%
".',35:
111%/
86(4 Aug
9% Mar
Jan
14%
15%
6,000
12
Jan
334
3%
400
6%
6%
200
:
-.3%
2%
59% Aug
18% July
13%
13%
4
July
7% Nov
Jan
2%
Jan
105(4
■
Feb
9%
200
110
Feb
Jan
July
Jan
26%
Oct
Aug
6(4
Apr
3
Mar
6%
75
Oct
21
4(4
200
1%
4%
1%
1%
58,400
30(4
29%;
29%
14 r'
14%
13%
13%;
Feb
Jo
.
Oct
1% Aug
Jan
31(4
26(4 Aug
600'
Oct
Apr
15(4
Oct
10% Feb
14%
Oct
22%
27%
Oct
Jun
10
1,400
500
Feb
2(4
1%
1,000
Jan
3%
18%
2%
2%
Jan
23'4
18(4 Nov
500
15
Feb
11
5,400
8
Jan
1
6,200
(4
,
:%'
.
fj
Feb
62
1%
68%
200
51
Jan
79
61%
63
725
49
Jan
72%
9
14,200
:
Feb
Jan
Jan
Oct
Oct
Nov
9
114
Oct
32%
26% Mar
300
31
30
30
6%
109%
8
8:
Oct
Nov
11
67
67
2%
Oct
1%
$5
——
———
—1
14%;
,14%
300
Jan
5(4
600
14%
2%
2(4
optional warrants—
Feb
16
Oct
Jan
98
Oct
Oct
33% Mar
81
31
convertible
15%
Jan,
5
Oct
Communication
—£1
Co Ltd
5(4
.
'
Margay Oil Corp___———
Marion Steam Shovel
^
McCord
Corp
—
15
300
1(4
ZZZi
"7%
1(4
600
.7%
700
7%'
300
•7
10
Memphis Natural Gas commoh—.
;
*
-ft
13%
10%
12 (4
157
138
20
•4
157
800
•
"3%
.3%
-
9.
500
9
Messabi Iron Co——;
32
Jun
Michigan Bumper Corp.;
—i. —
36
30
—
Jun
13
Mar
Michigan Steel /Tube—
33
Jan
40
May
Michigan Sugar Co———
Jan
9
Oct
3%
116
29%
111
30%
112
675
30
25%
110
July
Jan
Aug
119
•
Apr
30% NOV
113%
Apr
Preferred—
,-,-1
-
————
,
9.9
10
Sep
2% Sep
Jap
110
Sep
Aug
1(4
100
Jan
4%
Jan
4
Jan
44
May
Aug
Jan
116
Mar
,
-
3%
;
1%
IIZ10
8
1%
2%
4%
Apr
3,900
814
8%
500
13%
.
13%
,i
,
6
,
Oct
-1%
Oct
9%
Oct
15%
u Mar
300
,
4% July
9% Oct
Apr
400
1%
.
1,300
8%
3%
-2,50
Micromatic Hone Corp.—_——„. —1
Middle States. Petroleum class A. v t c.l
1
Class B v t c——
1
Nov
2%
9,600
4 '4
3%
3%
1
*
4% July
90
Jan
6
'■ 25
Oct
'
.110
,3%
-25C
Textile; Corp—
.
,
165
Jan
Jan
36
3'(4
—15
Participating preferred—
Metropolitan Edison $6 preferred-
Jan
105
.
Jun
8% July
Jan
(4
105
-10Q
—
,
3%
41
Merritt Chapman St ■ Scott—
Warrants ——;——-4—-.
Metal
8%
13% Nov
8 % Mai*
8,809
Mercantile Stores common—.—
6(4%, A preferred
Sep
1% Mar
'
McWilliams Dredging.-————
Mead Johnson & Co———
Jan
28
Jan
j,( Jan
6% Feb
2(4 Jan
"
.'i 6%
6%
Oct
,4%
.
7%
—
Nov
Jun
5
100
1
•
—
16% Aug
22% July
Jun
2%. Sep
Marconi Internat Marine
12
—T„*
;
see
16%
36
!
Hardart—
100
T
-
Baking Co
preferred
9
3% Aug
4%
*
'
16;
Jan
'
4%
14%
—
-
1(4/
16C/
Feb
7%
54%
Massey Harris common——.
2.50
Hormel
400
5%
Feb
Jan
18%
Mass Utilities Association v.t.u—.
'Heyden Chemical
—,
8%
16
100% Jan
10%
Jan
July
Oct
common
30
18
7% July
48
Jan
11%
17
11%
*.
.2
:
Oct
Co
11612
8%
500
,4
Mar
18%/
.2% July
2(4 Jan
27%
Inc
is.;-1'-:;; 15%
'
Feb
10;%
Nov
104%
Horder's
16%
nolo
common——10
Long Island Lighting common^——*
7% preferred class A—1QG
6% preferred class B————100
Louisiana Land & Exploration——.1
Louisiana Power ft Light $6 pfd
—•
Lynch Corp common—
29
Oct
w
55
Feb
Sep
% May
15%
300
preferred—.i—
Mapes Consolidated Mfg Co-_—..
Mar
Holophane
1,300
25
Jan
12
Holllnger
2%
A
12
25
-1
Inq———-
Mengel Stores
104
(R)
800
4%
:
1
—
Oct
-100
Hoe
Oct
"
—100
5
X19% Mar
400
29
v
Henry" Holt ft Co participating A—*
Common—
■
—l
Hewitt Rubber common———
;
ft
w
38
50
3%
■
4(4
'
6%
———•
-
—
—-
Co
ft
1%
4
6%
———25e
Rubinstein—
Class A
Heller
100
1%
50
;
-
28
3%
*'
common—;
-
Mining Co
600
47
Hat Corp of America B non-vot com—1
*'
9%
——25
Brewing
Hazeltine
61(4
M
28
Rayon voting trust ctfs——1
CO—
...i——1'
Harvard
43
3%
Lone Star Gas Corp
Manatl Sugar
9%
*,
-
6%
113.
Oct
'
H
—ft:
—
12%
29%
Oct
48%
Locke Steel Chain
•
;
Apr
124 ;
9% Mar
110
————10
Lipton (Thos J) Inc 6% preferred—25
Lit Brothers common.——^—4—-*
Loblaw Groceterias Class A—-——*
Nov
Jan
7
130y2 Oct
10%
88
Ltd—.
Nov
20%
Jan
Lionel Corp
•
88
Co__-—
Paper
20
12%
27%
28%
.'Line Material Co——-L———-5^•'
Oct
82% May
4%
Grocery
Hammermill
111
110
*
Convertible preferred—
Leonard Oil Development—
15% Aug
110
Jan
210
55
:
Jan
6,300
7
Apr
Vh
tV
7%
stock--—;
—*
———100
Lime & Alabastme
Oct
107% 109%
15%
(N J)—.
Lefcourt Realty common
Pacific Tea-*-
.
Jun
5%
S
11% Mar
17% Sep
Feb
10
_1
*
Stores Products common—25o
Gulf State Utilities S4.40 pfd——100
4(4 Aug
12%
109
Lakey Foundry & Machine
—1
Lamson Corp of Delaware——
5
Lane Bryant 7% preferred
;
-10Q
Lane Weils Co common----—--—-—!
Langendorf United Bakeries class A—*
Nov
48%
~9%
Greenfield Tap & Die——
Jan
105% Nov
Lake Shore Mines Ltd—
15
48%
10
Paper
Apr
Jan
2(4
L
RR
Lackawanna
Nov
110
10%
16(4
16%
.
Non-voting common
IVo
1st preferred
Co
2(4
5
400
87% Feb
Co————1
114
Jan
13%
"preferred
—*■
Mfg common—————-10
Grand Rapids Varnish—————1
Gray Mfg Co-—.
i—— —ft:-
Bridge
•
convertible 1st preferred—100
Nov
'
$3
Hamilton
•
175
Nov
13
51(4 Mar
11%
Gorham Inc class A—.
Lamp
15,200
5%
104% 105%
Notf
92
May
10
1,200
109% 109%
Mines——
4%
52
Mar
100%
15
Gorham
Hall
1,700
11%
'
——
Consolidated
Aug
1% May
2% Mar
92%
:
11
,
Kresge Dept Stores—
"
Gypsum
'."4.-.
4%
(D Emil) Co common———•
(I B) Rubber Co.———10
Kreuger Brewing
2% July
500
2
113% 114
preferred---
Northern
Jan
9%
-
,;i
\
Hoppers Co 6% preferred————-lQG *
Oct
140
13
91%
92 y2
Godchaux Sugars class A———*
Great
Jan
%
(4 July
20% July
Jan
7%
100
1(4
17%
104%
Knott Corp common——
Kobacker Stores Inc-—-——-—-*
8(4 May
21(4 July
Jan
%
4*
Gladding McBean & Co-————•
Glen Aldeit Coal-—1——
Atlantic &
275
"
30% Aug
20% Oct
Jan
% Mar
400
19%
9
Feb
7
400
Kleinerfc
Nov
74
1%
Klein
July
6(4
Jan
51%
.Co-————.
16
79%
Preferred ',-i—• '
Great
200
a
•
9
Kimberly-Clark 6% pfd
100
Kings Co Lighting 7% pfd B—
.100
5% preferred D--———100
; Kingston
Products—-——-—
—1
Kii by Petroleum^—-----———J
1% July
Jan
3%
1,500
14%
Georgia Power $6 preferred——,,——*
$5 preferred——.
———•
Gilbert (AC|) common—
—
*
Goldfield
.
'
Jun
3%
Jan
137
8%
135
$3 ' preferred——
B
-
18%
1
.ft
Inc————.
Ken-Rad Tube & Lamp A——
Jan
8
12(4
6 y8
6y8
Gen Water Gas & Electric common—1
Class
•
,'i.r
Kansas Gas 81 Elec 7% preferred .—100
58
—£1
—
5%
$7
17
a
..
K
37
General Fi reproofing
Gilchrist
1(4
Kukland Lake G M Co Ltd—-1
rets ord reg
Amer dep
200
2(4
17
Nov
10
Gen Electric Co Ltd—
General Finance Corp common——1
Jun
Jan
19% July
Jan
20
1%
1%
10(4
19%
Apr
Apr
7% May
21
2(4
3%'
79
77
7% Jan
I
11%
4%
57
2(4
Oct
50%
Co—————.
19(4
77
Oct
Aug
21
2%
21
Jeannette Glass Co
July
18
7'/8
preferred———
5%
Aug
20% July
16%
.
79
Gellman
Feb
3% Aug
3% Aug
.
90%
-
18'A
common———*
70
Apr
Jun
Feb
60
Key Co common—j————*
Gatineau
46% Jan
200
Oct
66%
4(4 July
16% Aug
10% Jan'
65Q
10
27%
114% Aug:
•
42% Jan
89%
—-*'!.
57
18(4
IlOO
preferred—
convertible
4%
Jan
28%
27(4
28
1
(Peter);
Mar
106
180
56
19%
Jacobs Aircraft Engine Co——
Jacobs
21%
11% July
Feb
July
160
1,200
19%
6
53
Jan
22%
50
51%
6% Jun
■-13% July
13% July
25% Mar
6(4
62%
6(4
"
Ford Motor of France—
Fox
50
-J
L.I
voting trust etfs—•
Irving Air Chute
__1,
Italian Superpower A
—'
Nov
17
39%
5y4 May
25% Mar
voting-—-—;——.*;
B
Class
27(4
Apr
10% Apr
Mills.,—--—j.-*
7%
17
63
Hosiery
5,000
14,100
Ford Motor Co Ltd—
Am
IOO
18%
Equipment---—
4(4
36 y2
36%
Home
Oct
July
11
1,600
1
International Safety Razor B
-»
Utilities Corp com—15
13%
-25
Warehouse Co.
Federal Compress &
11%
53
—_U";'
■ ——
Interstate
12%
4(4
'.
850
11%
48
$3.50 preferred ——————50
12(4
V
112% 113%
50
:
Interstate
Fairchild Camera & Inst Co—— —1
Engine & Airplane--.—- —1
10%
11%
\
—
Oct
9
90
series
18%
13%
27(4
International Petroleum coupon shs_.*
Registered shares——.
International Products
10
48% Nov
Jan
5%- Jan
58
$3.50
Jun
16%
11%
International
Pairchild
9%
common——1
preferred———
4%
29(4 July
V 3% July
51%
11%
——
47%
?
1(4
Preferred
Oct
Jan
Sep
XI1% July,
20(4 Jan
3% July
International Metal Industries A—*
International Minerals and Chemicals-
; 1% July
41
July
31%
325
7(4
500
-
Jun
8
10%
14:
■
———100
7%
12% July
1(4 Mar
5,900
1%
41
Jan
8%
100
10(4
17%
Jan
Nov
45%
Jan
2%
.
700
10
Insurance Co of North America—10
Feb
44
42% Mar
10(4
1,800
;
23
.49%
/
International Cigar Machine
International Hydro Electric—
51(4 Aug
103
Oct
Sep
4
High
Apr
4
"Common
July
Sep
46(4
50"
101(4 102
102
30
200
12%
11(4
8%
800
26
10
Industrial Finance v t c
Oct
Feb
11%
100
12(4
12%
Oct
3%
17
Indiana Service 6% preferred——100
7 %
preferred—100
65% Mar
% May
11
Equity Corp common—-——jb®».
—1
$3 convertible preferred—
10c
88 y4
100
500
11
conv
Esquire Inc.-—Eureka Pipe Line commons——. -50
—1
Eversharp Inc common
—
1,800
7%
24.(4
■
IZZIZa
Registered
———m*
Imperial Tobacco of Canada—;
——8
Imperial Tobacco of Great Britain &
Ireland
£1
Indianapolis P & L 5% % preferred-100
Oct
:
17%
38% Sep
...
Imperial Chemical IndustriesAm dep rets regis
————£1
Imperial Oil (Can) coupon
«
Sep
%
%
.
11(4
96
83% Jan
58%
98(4
58
58%
Jan
5
14(4 May
7% Jan
92,700
1,600
%
95
98
98%
121
-50
preferred
100
Empire District Eleetric 5% pfd—
»
tuipire Power participating stock-.
Emsco Derrick & Equipment-—,— 1-5
51/2%
8%
95
95 %
-15
National "Watch Co
Co
1(2
■
.»
Elliott
7%
8
•
preferred—.
——$6 preferred———-—-——--—- ZZ
Electric Power & Light 2d pfd A™, zz*
Option warrants-——..————.
Ficin
7
;;
.
,
1
$5
Electrographic
150
3,900
6%
•
common
LOW
23
40
«
Hiinois Zinc;, Co
K4 Oct
.% Mar
I-IIsr
Range since January 1
High
39%
39%
% 7''
preferred —^————50
arrear ctfs——^-i,--——w
conv
Dividend
Shares
22%
1
*
—
Illinois Power Co
Oct
'
•
Low
'
Huyler's common.
—
1st preferred ——-—Hydro Electric Securities-——
rflygtade Food Products-
Jun
7%
3>/4
Hosiery class B common——*
Durham
Duro Test Corp
for Week
Range
of Prices
-5
(Harvey) Inc———
& Refining
Hummel-Ross Fibre Corp——
Hussraann Ligonier Co-—
Hubbell
Humble Oil
63
78
:
Par
Feb
74
Corp-,!
Draper
7%
Jart
78
Co Ltd-™™—
Textile
Last
High
LOW
Sales
Week's
Friday
Sale Price
Range since January 1
High
Low
Par
'
New York Curb Exchange
Shares
of Prices
Sale Price
STOCKS
for Week
Last
Exchange
Curb
Sales
Range
Friday
STOCKS
New York
Week's
Oct
Jan
'
.12%
:
Jan
8
300
12%
12%
5%
Jan
1%
Jan
1
13% May
"
2%
„
,
1,100
-
.
r
3 % May—
Number 4335
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
2211
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING
STOCKS
New York
Curb
Week's
Bale Price
«f Prices
Par
Middle
West
Corp
Midland Steel
Mid-West
13
14,600
914
Jan
550
8%
Get
13%
Penn "Water & Power Co
Abrasive——
24
2714
'
50
.
2434
350
20
Jan
25%
27
_*
—•
27141
225
23%
Apr
30
2%
.
3
-
Oil
Midwest
Piping
Co——
&
Mid-West Refineries*
Mining Corp of Canada
Minnesota Mining & Mfg
15%
~2%
~3
!]«• ' 1!.»;
1
—•
*
63.
52
2 %
Mar
Jan
Jan
115%
8%
•
———2.50
413
13%
914
.13%
•:
914
3%
3%
v
214
700
2%
Feb
7
,
Plough Inc
July
Pittsburgh
182
Mountain
States
Power
165
10
183
Nov
Jun
Powdrell
Sep:
300
SO
& Tel-*——100
Mountain States Tel
Murray Ohio Mfg
Co
Muskegon Piston Ring
Muskogee Co common
8%
preferred
&
24%
Apr
136
700
64%
x64%
68%
1,060
10%
10%
10%
Prentice-Hall
17%
100
13%
Jun
19
Oct
Pressed
131a
100
11%
Jan
1414
Sep
Producers
91 a
100
6'%
Jan
10% Mar
Jan
80
9%,-
—100
64,
1%
314 Aug
Jan
2%
Sep
414
Oct
7
*
—50
Jan
9%
Jun
37%
4
Jan
1014 Oct
200
4%
Apr
55%
300'
11814 118%
95
Jan
3%
2,600
43
Sep
69
'
Nov
13% July
121% jun
5%
Jan
Jun
13
3%
3
3%
13%
5
9,200
15
Oct
17
May
13%
25c
Feb
15
Mar
2
3,800
Jan
414
Jun
5%
Jan
15
Nov
5
•
Inc
Sep
7
July
America-
IIIi
1
Jtfn
34
July
Providence
26%
13%
fir
43
1,600
600
%
14
11%
11%
8%
200
lri July
Jan
53
Jan
6 %
600
8%
Gas
Jan
12
10
11%
Prosperity Co class B
Mar
12%
13
4
250
9,400
Iftf
53
53
of Nevada-
•4
30%
114
1 Vb
—1
common-
Metals of
Corp
29%
2914
...
Premier Gold Mining
% July
13%
•
2,300
8%
Alexander
Pratt & Lambert Co
Nov
17%
13"
2%
3,600
4
11% Aug
Jun
6% July
Feb
.
127
*
,
2
1% Jan
5% Jan
18
Nov
3,V
Power Corp of Canada—
3,800
July
20
80O
3%
Polaris Mining Co—
19
38%
1%
Jan
8
12% Jan
19%
81a May
10
Apr
63a
33%
Apr
3%
-common—_,
Scale
Feb
2414
Oct
5%
8%
1
1514
1%
28%
-7.50
28%
2414
Nov
300
18%
—25
150
,X6 lo
Aug
12
600
8%
*
275
% May
36
Jan
600
3/'l?
—
common
1814
*
common
Glass
Plate
3814;
114
182
Sep
Jan
7
v
10%
10
37%.
-10
Producers—
Mountain
182
I
37%
Mar
158%
29 %
50
18 la
Montgomery Ward A*
;*——*.
•
Montreal Light Heat & Power
—*
investors partic pfd—————*
Mountain City Copper common
5c
600
314
Pleasant Valley Wine Co
Oct
Pneumatic
Moody
Jan
7% .4: 7%
19%
•
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
12
Feb
1%
300
11%
—1
—*,
Sep
July
4% Aug
2% Aug
9%
6,000
214
125
Jun
68
10%
*^
Ltd
Pitts Bess & L E RR
Nov
28%
8%^Mar
400
III.l
Pioneer Gold
High
3%
i
Nov
Sep
13
Jan
Nov
13
1,300
914
3%;
'214
•
140
53%
29
2914
—''
common-
Mines
1,500
31
25
Piper Aircraft Corp com—
Pitney-Bowes Postage Meter.
July
Low
55%
11
.
Oct
105
109%
100
Governor
138
_•
common.
PhHa Electric Power 5% pfd.
Phillips Packing Co
Pierce
140
1
——
Philadelphia Co
Oct
55
•
;
Oct
66%
97%
Molybaenum Corp—
——_1
Monogram Pictures common—*—:
1
Monroe Loan Society A—.
1
Montana Dakota Utilities———*—10
Co Inc.
3%
1% Mar
325
■
Nov
Nov
Range since January 1
Hiah
2% Mar
II
,
—100
Pharis Tire & Rubber
July
Feb
1,400
64%
pfd—100
Mississippi River Power 8% pfd
Missouri Public Service common
Mojud Hosiery
214
3
9
Shares
Low
•
Co*
Perfect Circle Co
July
24%
Jan
600
.
•
63
*
Minnesota Pwr & Light 7%
200
8%
8144'
•
4—.1
:
814
-10
-
Supply—*_
1% May
8% Jan
1,000
'
Midwest
Sep
Co
Mfg
for Week
2.50
Penn
Oct
Traffic
Sales
Range
Par
Nov
17%
Week's
of Prices
Last
High
Pepperell
—
Friday
Exchange
Sale Price
Products—?
common—*
Curb
Range since January 1
Low
1414
York
New
Shares
12%- 13%
17
STOCKS
FiQh
13
$2 conv preferred—*
$2 non-cum dividend shares—-
Midvale Co
Low
5
common——„
Midland Oil Corp
for Week
Last
Exchange
NOVEMBER
Sales
Range
Friday
14
nY Jan
Nov
Nov
% Mar
6%
13
Apr
7% Mar
Oct
8% NOV
of Colorado—
Public Service
6%
Nachman
Corp
National
Bellas
Hess
.18%
7%
1914
300
214
214
4,600
32%
32%
30
28
35
50
35
1
common
•
.
14%
'40
1214
12
4,4,1214
1114
City Lines common—- —50c
National Fuel Gas——
National
11%
9
Mfg & Stores common
National
Refining
.
National Tunnel & Mines common
23%
1314
13%
4414 Mar
Pyrene Manufacturing
1%
1%
114
Jan
5%
5%
900
1st pfd
;
11014
Apr
July
15%
Nov
.4 Apr
Jan
1V4
10
10
i 41014
110
300
8% 4. 8%
4
100
614
Nestle Le Mur Co class A
400
7
;
6%
England Power Associates
preferred—*—
82
preferred-
*•
100
Jun
——
New
Haven
-
*100
England Tel & Tel
New
11014
11014 113%
Clock Co—„———**—•
New Idea Inc common
New Jersey Zinc—*
New Mexico &
1214
19%
25
X66%
——*
Land
Arizona
—1
New Process Co common
19%
19%
Quaker Oats
*
preferred
Power
N
Y
Auction
N
Y
10%
Y
&
Co common———•
Merchandise-.—-——
N
Y
N
Y Power &
$6
Founders
1%
V
55
55
4714
42
47%
1%
1%
Reed
23%
227a
23%
800
~5%
"6%
17,800
17 Vb
17%
600
%
liS
500
IS May
114 Mar
1,500
2% May
414 July
1% July
Water Seryice 6% pfd—
1st
5%
2d
Class
preferred
15%
109
65 %
'68
3%
Mines———,—,
5
preferred——
•
North American Rayon class A—
Class B
.*
———,*•
common—
prior preferred
——50
American Utility Securities
•
Northern Central
Texas Oil—
91
90
7914
60
79
Northern States Power class
25
A,
Corp
—.*
75
900
4 74 %
Feb
94%
65
80%
May
% Apr
5%: Jan
105
13
13%
■
■
.
2
:
,13
'44
•.1% V
2
vv'i
714
Jan
15%
106%, 115
-
33%
32%
31%
1.075
33%
33
%' Jan
32%
500
500
=
•
15%
Feb
Jan
14%
Nov
Petroleum
114
■
Jan
120
,r28
ri%
300
41014 "v 1014
700
1%
14
7: 4
106
14%
■274
106
14%
.
1.100
27%
14
27
,
100
400
Apr
July
114
Aug
5% Apr
Jan
12
Aug
July
116
Mar
103%'; Sep
106
Nov
113
106
Jun
54% Mar
Jan
4% Jan
,"
Oct
3714 July
37
>4 Jan
52% Mar
1%
7% "-Jun
23
St
Lawrence
Class
.■
St
Ohio
class
Brass Co
Ohio Power 4>4%
Ohio
6%
B
preferred—-.
100
1st pfd—,*100
114
."
-
22%
•
700
18%. Jan
Salt
29%
28%
Overseas Securities
1
11844
1 Jan
117
July
113
700
f 100
1014' 13
Samson
1
Pacific Gas & Elec 6%
5
%&
1st
•
;
1st pfd
—25
18%
6
3,300
.
Jan
29%
Aug
Feb
Aug
Nov
7% Mar
-
6144 Jan
9%
13
Public
1st
108% 108%
„*100
109%
109% HO
'
:
Reel
Light $7
Preferred
Mfg Co
footnotes
Jan
Sep
Nov
38
32% Jan
180
96% Jan
21%
21%
100
j
814
11,000
17%
17%
45
45
200
new
common,.
nave
2213,
iq
July
35% July
109%4May
110
6
Nov-
Feb
21% Nov
Feb
88
6144 Apr
9
Jan
9
July
Jan
16%". Jan
r
Jan
34%
10
•
preferred!!"'*
Jan
'■ Jan
?
24
I*
1_1
19
;
jun
6%. Mar
~7%
Jan
32
28%, Aug
5%
47%
2
.
47%
13,900
75
2
170
Jan
Jan
43
■
i
14
200
Ill
4%
6414
5%
5%
35%
Oct
Nov.
110.
36%
36%
.
38
3% July
8
Aug
19
Mar
„
11,600
Apr
Oct
18% Nov
13%
'If'
400
8
18
Jan
314
Jan
5
5%
5,200
8%
200
3%
700
1%
10%
414 May
Jan
Oct
5% Nov
11%
Jan
Oil
common—
Schulte
ID A)
Scovill
Oct
4% Aug
8%
8%
9
2,800
414 May
7% Sep
414
4%.
$6
2%
2%,
62%
Jan
Feb.
Jan
1%' Jan
50%
150
34%
i%
14
4,300
3414
34
214
:
100
61%
25
pfd—*
500
400
22
2%
.*—25
4%
2%
2%
22
1
preferred**.
Elec
214 Mar
3% July
11% May
6,900
*
Manufacturing***_*_—*
Scranton
4
100
450
5%
_5
common
Convertible
2%
17%
5%
1
Co—
Co
:
2%
16%
514
1
United Corp common
Savoy
600
27%
—♦
Jan
Jan
114
Sep
64
Feb
19%
.
Oct
6% July
10% July
6% July
3%
25
Oct
Oct
3% May
75
Jun
35% Aug
114
Sep
Scrantou Spring Brook Water Service—
$6
preferred
Steel
Lock
Co
&
common
io
5
89%
10%
180
9%
600
5%
5
2%
Hardware**
1
—
common
?
•
*
~2%
9%
18
12 V? Mar
7,000
5%
Oct
48%
Jun
Jan
2% July
11% July
900
18%
6%
100
9%
18
Apr
Jan
1
500
16%
%
,,
;
■
14 '
'■
8%
25
8%
79
1
Jan
Feb
22
July
114 Mar
10% Aug
67
6,200
Feb
Jan
8114 Aug
Jan
80% Aug
1,500
9%
Apr
69
1
5
prior stock
~2
"2%
9%
•
*
Jaa
93% July
40
;
•
Convertible stock
$5.50
87%
•
*
87%
9%
•
1
.*_
Selected Industries Inc common
Allotment
—
certificates—
78% ; 79
614
1
—
Serrick Corp class B
350
common
Shattuck
Denn Mining
Shawinigun Water & Power**,
100
650
<Howard)
Aircraft
Solar
Southwest
Oct
Nov
38% Nov
91%
Apr
Feb
20
110%
Apr
113%
112% 113%
,
,
13% Nov
104
Aug
115% Feb
12
14
14%
33
33
600
,
Feb
17%
Oct
21
•*'7
South
Aug
21
Aug
13%
Jun
16%
Oct
26
Jan
33
Nov
5 '-a
6%
7%
70
5
!
Jan
4
July
Apr
295
5
200
Nov
5%
614
214
229
2%
Feb
5% Oct
.
108
Jan
12% Mar
6%
8.900
2%
Jan
Jan
Feb
_
112%
17
Oct
Oct
614 Nov
7
Nov
...
,314
Apr
6%
1.100
3%
2%
2%
2%
1.000
214
1
8
714
814
500
414
Jan
.914 Nov
314
3%
500
2%
Jan
3% Mar
4214
43 %
600
4514 July
6%
'
1
25
—
Pipe Line
io
preferred—
::
40
Apr
28
.
25
preferred B
25
preferred series C
Southern
300
Mar
31
37
Mar
44
July
California Edison—
(original
S%%
3%
290
l
Oil
Pa
3%
288
1
Corp
Penn
-
50
♦
1
;
Manufacturing common
Coast Corp common
Southern
Nov
Paper Mills*.
Co
South
Oct
108
12
100
*»_•
Manufacturing Co
Oct
Jan
Nov
Smith
Solar
Jan
Nov
preferred—
Simplicity Pattern common
.**_!
Singer Manufacturing Co
100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
—*£1
Sioux City Gas & Elec 1%
pfd—100
514
111
36 %
convertible
33%
94%" Jan
Jan
$3
Soss
3
400
*
cwnmon*
Feb
400
13%
Simmons-Boardman Publications—
Sonotone
47%
Ltd
,,
Mar
Mar
2%
3%
13%
■.
I.—
•
Breweries
Co
Apr
101% 101%
''
'
*
Silex
114 July
6
Aug
1014 Jifly
3% Apr
6%
2%
•
25
pfd series AAA*
cum
May
78
%
1,000
;"""'■
5
*
common^
Jan
2%-Jan
•
%
lo
%
1
Seton Leather
50
Nov
•
-
Sentry Safety Control*—*
22
39%
90
110%
«
see
35'
106%- Mar
Jq
Edison Co $5 scries
pfd •
$2.80 series preferred
%
Petin Gas & Elec class
A corn
*
Penn Power &
For
415%
80
"1%
Am shs
*
Penn Salt
Jan
10
,
Corp
&
,
,600
■
*1—•
Patchogue Plymouth Mills,
Peninsular Telephone
common,—
$1.4.0 preferred A_, 1—•
Pennroad Corp common
46
1,900
13
5
21%
*
common
Co
Parkersburg Rig
■>.
_•
Pantepec Oil of Venezuela
Parker Pen
34%
34%
108 %
Service*
Paramount Motors
34
200
37%
—25
preferred
Page-Hersey Tubes
4 37
—•
pfd*
S3.30
37%
13%
"
preferred
Pacific Lighting $5 preferred
Pacific Power & Light 7%
Pacific
13%
Feb
Jan
3%
3%
•
Sick's
common
10
5
5
Sherwin-Williams of Canada**..
Co
18%
2%
,17%
200
8%
■:'•■■
•
—
Schiff
•5%
Can
2,200
16% Aug
~5%
*—50
Co
Sherwin-Williams
Pacific
300
6%
18
Sep
Jun
8
12%
24% July
112 v Feb
6%
6%
Oct
108, " Jan
29%
.
4%
115:
20
1
i.„*
Oil
Dome
Scullin
10
111
'.
•
*
Securities Corp General*
Seeman Bros Inc*
Oct
20
116% 116%
111
V"
18
1
*
common
15% July
3%-May
700
113% 114
*100
Oklahoma Natural Gas common—15
Oliver United Filters B__
**»-•
;
22
4%
•
18
16%
•
10
Corp Ltd
Paper
Seiberling Rubber
Selby Shoe Co
•4%
—•
common
Public Service 1%
1st preferred—
Omar Inc
4%
"3%
6
i'
**
10
'
2%
27%
Jan
O
*4
common
^4
—20
1
;Vr3
"314
1
;
—
preferred—
$2 conv pref
A
Regis
Segal
Ogden Corp
Co
109
14% July
27%i May
.
Oct
Aug
Roy a lite Oil Co Ltd
1214 Sep
2% Feb
■■■
Sep
1814
Oct
Jan
103
6%
Jan
11
500
26% July
Jan
107% Aug
'
6,200
•
1414 Nov
3%
10%
Rotary Electric Steel Co—
Nov
Jan
■
21% July
11% Jan
5
Ryan Consolidated. Petroleum—^
Ryerson & Haynes common
Jan
1.900
214: Jan
100
common—
Nov
10%
1.700
12%. 13%
4 % 4-4 -id
14
112
.
x%
Apr
fit Mar
;■
Jan
,
4%
.
x%
1%
12
Corp
Ryan Aeronautical Co
1%
5.900
Oct
47% Nov
Jan
Oct
9%
13%
Oct
55
Jan
Jan
pfd D
Russeks Fifth Ave—
,
4
x!4
1
24%
Mar
5,000
4
—1
48
12%
%
$1.20 convertible
Jan
...314
50
Northern Indiana PubScrvS^ pfd—100
■"
Apr
110
1% Aug
42% July
9,800
2
4
Roosevelt Field Inc.*—*—**—_'—5
Jan
May
"
—1
North Penn RR Co——.——
111
;
80%
.
10
Jan
July
,10514
17% Mar
9214
4
I"';:
1%
16
Rome Cable
,106% July
Jan
2%
250
Jan
Roeser & Pendleton Inc—*—*——-*•
Oct
48.500
/:
6
'
Valley Gas Co v t c.
Rochester Gas & Elec 6%
Sep
Jun
j
314
_5
Northeast Airlines '.——
Novadel-Agene
Jan
:
108%; Oct
20
1
North Amer Light & Power common—!
6%
1.100
100
Electric—1
North
16%
'
"
86
Rio Grande
Nov
12%
10% Mar
15
13
55
Goods———
Oil Corp. warrants*
Richmond
Radiator
Nov
30%
117
314
—•
—
Stix Dry
1%
200
fit Jan
5
1
;
14.000
July
15% Jan
—*
;
& Engineering—
Aviation
1%
15
40
Richfield
5% Nov
•
11% Jan
5
preferred
Nineteen Hundred Corp B
Noma
Mar
112%* Jan
—
Niles-Bement-Pond
Nipfssing
44
'•
80
67%
-—.—i—100
optional warrants—
A
Rice
100
109
100
—
Niagara Share class B common-.
Class
Oct
Root
preferred-
B
Oct
15
16
Niagara Hudson Power common——10
,5%
2114
Jan
•:
Roller Bit Co
Reliance Electric
66%
Jan.
Jan
102
——1
May
11% July
14%
Republic
115
'
85% July
157
14%
Oct
15
pfdJLOO
,100
Y
Nov:
13%
115
115
Jan
Apr
Jan
10
1
10
•
-•
—
'4, 3% Feb
3%
.
21 %
7114
149
10%
$3 convertible preferred
-
shares—
N Y State Electric & Gas $5.10
N
113%
v
200
•
—
Aug
29%
10
preferred—100
preferred—
Shipbuilding Corp—
Y
N
Light 7 %
29
Oct
21
°7%"
;
10
Rosario
Honduras
Oct
1%
Apr
64%
Jan
;
May
Raytheon Manufacturing common—50o
Red Bank Oil Co
1
Oct
4:4 7%
,
Apr
2%
17
R
Feb
9
Jan
City Omnibus warrants—
N
250
Railway & Light Securities
Voting common
—
Railway & Utility Investment A
Rath Packing Co. common
Apr
54
814
160
152
Oct
:
35
81
152
July
614
.*•
*;
80
152
12
18 %: Mar
800
3
>
Co
88
Feb
3,100
2%
81
lioo
common.
615?
Quebec
Apr
-
100
X66%
65
—
13% July
Jan
%
Jan
200
,
14%
Jan
Radio-Keith-Orpheum option warrants-
104
90
12%
Jan
Jan
Jan
"
—*——*
11
200
114
;
*
300
11%
May
47%
4
14%
1114
2% Aug
7% July
6% May
6%' Jan
-
275
61
14
-10
2914 Mar
18
5914
Jan
Oct
Jan
:
3
5914
•
Jan
11%
—5
—
Raymond Concrete Pile common
New
9314
914 July
1414
Jan
3'%
»
8514
—Is
10%
100
200
Nov
25% July
Jan
—•
.—
12
'; 11%
,
10,500
15%
Nov
15%
18%: Feb
4 260
11014 11214
9
Jan
9%
600
5%
13%
106%
15
—
12% July
Sep
8%
1
13%
106
106
14 % May
4%
400
13%
—10
——
Jan
26
iHerman) Corp*—..
Neptune Meter class A—,
1414 July
106% Nov
—*
Jan
xll',4
2,700
-30 o
Nelson
Jan
Common
.
$5 prior preferred
Puget Sound Pulp & Timber*
Pyle-National Co common
4 600
21
12.50
preferred-— .100
Jun
214 July
12
—
Sep
118
33% Oct
39% Nov
100
Co
Nebraska Power 7 %
Nehi Corp
7,800
10%
.10
Radio
Union
OH
Navarro
xlll
Jan
Jan
.—10
National Transit—
National
11%
4.9
9
2%
Refining-——
5%% preferred
Apr
114%
FeJj
10
National Sugar
108
.*100
11%. Oct
500
1
common-
National Rubber Machinery*——*
National Steel Car Ltd————,
National Tea
4
40
Oct
20
Jan
1%
preferred ———————25
National Candy Co—
National
_ioo
1st preferred
Puget Sound Power & Light—
1914
•
.—•
National Breweries common—.———*
1st preferred—
7%
N
Colorado Power
preferred
41
3l%
50
Sep
■
■,
-
500
29%
Apr
32% Aug
3114
200
2914
Jan
31%
NOV
114
—
3214
3114
A—25
—100
41
3114
25
class
-
1%
600
2
July
7514
75%
100
77
July
THE COMMERCIAL &
2212
Monday, November 20, 1944
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE
STOCKS
southern
Co
Phosphate
Pipe Line
Southern
.—10
preferred
9%
200
■V
50%
51
51
*
■
40
340
.2.78
—1
5%
1.000
1.200
2%
¥z
300
16%
700
Va
■:
.
16
•
;
1/4
1/4
%
i'a
16
Jan
Feb
Jan
•v.; y»
Jan
Mar
% Aug
A Apr
July
ft
1.100
3'2
OUO
% May
200
2%
Feb
•
9
i
400
9 %
Jan
5
(R
Willson
&
C)
Jan
12 %
9
.
300
3%
1%
Jan
150
8%
Feb
1%
13
121/4
23 % : 24
3 %
Aug
14% July
Oct
Nov
18
Jan
Aug
15V2
Apr
9%
5%
—
111 May
Oil-O-Matlc
251/a
900
20%
25%
22%
4,800
Apr
7%
Apr
12%
Sep
250
19%
Feb
27
Trans Lux
600
Jun
3%
Oct
9%
Jan
1
I
■/'7
12
Feb
Jan
20% Aug
11% Nov
16/; Nov
;
7%- /" 4,700'
It ;,v;125
6%.
;'
8% Jan
Jan
3
10
11%. 12
14% July
7% Nov:
Feb
,
5%
12% Oct
6% Jan
Jun
J10
111
Apr
Apr
Jun'
6
3%'Jan-V
1,066
~9%
9%
9%
14% May
7
Jan
100
7%
Jan
11% July
5,400
11'/a
«
11%
2%
Jan
4 % July
11%
3%
S»
-
3%
3%
.
Week's Range/
or Friday's
Bonds
Sold
Friday
.
'
Last
Interest
Curb Exchange
Period
••
Range Since
January 1
_
Sale Price Bid A Asked 7
LotaAmerlckn Gas & Electric Co.—
Hiah
r
Lorn High
No.
7
I debs—-
s
A Debenture
5s
—
•
.
:
;■ 25%
102
128 /
124
79%
2
25''2
95
23
31
29
29 V*
J- J
26
25%
263 h
87
23
F-A
27
26%
27%
63
23 7' 29%
25%
26%
45
25%
25%
14
f 100% 100%
10
•26%
A-0
—1968
"
5y2s————1977
deb
AConv
F-A
—-1955
M-S
Assoc T & T deb SViS A
110
101% 109%
H
125%
92% 93 Vi
1123
•92%
MAS
101% 104%
99
109%?
109"
J-J
1067#
28
101%
71101
7.7
A-0
—
-
~l
109% 109%
103 "104 •
/
7.
102% 105
106/
108%
109
103%
J-J
•%.
:
-1948
—1949
1950
AConv deb 5s——
109%
J-L>
Writing Paper 6s—
—-,1961
Appalachian Elec Pow 3%8——1970
Appalachian Pow deb 6s——
2024
Associated. Elec 4y2s
,—.1953
Amer
4 %s—
—
M-J
15
103
J108
J-J
j-j
.
AConv. deb
103
j. J
-—1950
3%s s t debs^
1960
3%s 8 1 dens
-197G
Amer Pow & Lt deb 6s———.—2016
2%s
100%
,,
4%
Jun
-22%
29
22%/ 29
85% 100-%
9y8
Jan
90
58
106
Feb
1%
115
Apr
300
3%
3%
7800
Jan
28%
27%
30%
10,100
Aug
4% July
May
18 Va
100
warrants——
1%
U -fan
3
"'400
7%
.7%
12%; 12%;
1% Mar
10% July
9% July
13% July
Jan
4
10%
100
111 El
&
Power
J-D
Gas 3%S
1953
§ACentral States Electric 5s—1948
A5%S
;
—1954
Central States Pr & Lt 5'/as stpd—1953
Jan
99T8
21
103%
106r4
51
52%
72
52
53%
81
,V;'
J-J
■52
M-S
OA
:
J-D
*104
it-O
66
104%
A-O
104 Ve
103
98V4
106
97% .104y2
19
,103
103%
104% 104%
103%
A-0
*05
99% 104 y4
3
63
103
F-A
19
101% 104%
104% 105
Af-S
100%
62,7
130
*105% 107
66
54 Va
37
93 :
68%
104%
M-S
-1955
Cities
Service 5s—-—
Jan 1966
ConV
deb 5s—
.—1950
Debenture
5s_—
———1953
5s———
..1969
Debenture
ctfs..
B—
series
6s
103%
105% 107
36%
54%
*99% 101
:
—1927
1952
SAChicago Rys 5s
Cincinnati St Ry 5%s A
150
105% 108
101% 103 Vs
-
*106
51
J-J
1203/4
150
/ 103
103%
J-D
115 TV
119
102% 102%
*
M-N
1964
5s—£
30% Nov
Jan
U Mar
9% Mar
—
Tung-Sol Lamp Works
80c convertible preferred
—1970
2%s—
Northern
Central
"
1%
3%
Edison
Boston
Canada
109%
July
113
Oct
July
$155
'*110% 113
A-O
109
113%
119%
180
$119
Q-F
,—1962
-
1% July
80
Feb
10
107% 107%
13
Feb
1%
:
72%
71
—1998
6 %s—
Bickford's Inc
108 ;
—
113% 113%
113%
If-N
I960
Bethlehem Steel 6s
U06%
•—
J-D
—1957
C
series
5s
M-S
City Eiec 3 Vis——.—,—1964
Atlantic
Bell Telephone of Canada—
1st M 5s series B—;
Jan
60
Feb
/' 100
-10
Corp...
11% July
6% Jan
1,100
8
—1
Inc
Trunz
IO1/4
9%
•
57%
.
Jan
8
2,800
7
Oct
72%
Trans western Oil Co-^——
Tri-Continental
Oct
1.000
7%
preferred—.— .100
.100
7% preferred—
—...—
—1
Tononah Mining of Nevada—
16
BONDS
May
7
6%
"91/2
6%
Edison
119
Mar
11%
Realty & Construction— —1
•
Allied Stocks
——
Tobacco Product Exports—
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis———
Amer dep recs def reg
—
Toledo
Sep
>'4 May
(F W) Ltd-
-
24% July
Jan
Jan
6
25
6%-
10%
1
:
12%
10%
6%
1
July
25
28
Jan
8%
3
-
American deposit
receipts—
Wright Hargreaves Ltd
Sep
24
2
&
Todd Shipyards Corp
•-
26%
Feb
600
Tisliman
Toba cco
23%
114%
—8
138
Jan
/
16
-•
Heating
Products Inc
Wool worth
6J% Sep
Jan
5
.100
common—
Ttlo Rooting Inc
800
——
!%■ pfd—
Inc'———jt——.——-
Textron
Thew .Shovel .Co
5%
25%
& Land Co--—.———
Texon Oil
'5%
21
Tampa Electric Co common
Technicolor Inc common-
14%
14%
——
Texas Power & Light
27%
Nov
.26%
May
12%
100
171/4
3 Va
Feb
17
..,500
13
...
84
23
t
•
lAssociated Gas & Elec Co—
AConv deb 4%s
Taggart Corp common——
50
100
117% 120
Jun
16% July
11%' Aug
950
■
i-
.
%
1.200
13
171/4
Co._—
Oct"
18% Mar
Nov
6
Jan
2.900
23'/a
1
*
II
12% Nov
27
Winnipeg Elec common B
•
Wisconsin Power & Light 7% pfd—10Q
Wolverine Portland -Cement—
10
Woodley Petroleum
;
„l
15% Aug
51/4
14
'1%.
1%.
10%
Apr
Sep
53
Jan
.
31/8
5,...
.
Jun
Nov
Jan
300..
'
3
Pinch Oil Corp—...—
Swan
Williams
New- York
121/8
,
%
7V4
Oct
12
'
5
5,500
Oct
43%
12
6,500
12%
Nov
16
Jan
13 %
100
:
3%
60 y2
1,600
16
8%
14
Cement class B com
Superior Port
13 Va July
Jan
7%
Nov
101
Jan
54
Mar
"l
10 v*
11%
2% July
:
600
3%.
15%
-
Oct
-9%;
9%;
12%
120
J
,10
■—:
River Oil Corp_
High
112%
Apr 7
^ July
1% Apr
■:
2%.
•
f
;—*
Drug Co——i—
Sun Ray
114
12%
21%.
Machinery————t—•
Sullivan
.
3U0
iV
-1
-
Nov
900
101
11%
12
Sterling Aluminum Products—'™
1
Sterling Brewers Inc....—&——1
Inc——
19%
6.600
,
preferred-:—-—-—— -60
.20
5% 2d preferred—
—
(J B) Co common—,
wmnes
tJHugO « Corp.—
Stroock < S) & Co common
3% Aug
20% Nov
%
.
98
101
6tetson
Jan
Low
Oct
Oct
17 y4
191/8
1st
Sterling
18%
Range since January 1
High
io
—>
Wichita
28
:
1st pfd—100
Inc
Weyenberg Shoe Mfg
Apr
'
_1
.—■-
-n~
Westmoreland
Nov
108%
100
—1
Maryland Ky 7%
l7/a
150
20%. 20%
———..-—^
Western
.——
Western Tablet & Stationery com——*
Westmoreland Coal
—20
7
Jan
2
300
3%
•
18%
Products Co.,/—.—.
1
Standard S: lver Lead—
-J
Standard Tube class B——
—1
Starred (The) Corp voting trust ctfs
Steel Co of Canada—
Stein (At & Co common
Standard
Air Lines Inc
Jan
Jan
'
(Ohio)-—0fo pld——
Standard Power & Light——
Oct
&
Western
Williams
3%
.10
Standard Oil
Nov
Coal
West Va
Shares
:108
*
5
1
preferred--...,
Coke———,—
Feb
18%
_20
convertible preferred—.—
Standard Oil (Ky)-—-A——r—
....
%
:
-1
Si,60
Sterchi Bros Stores——;
,
16
NOV-
5%
3% May
5%
-10
Convertible preferred——,
B.—
5%
51/2
July
51
Jan
5%
Standard Dredging Corp common-
6'io
13
12Va
Apr
5 %
..
9% Aug
Jan
9% Mar
5%
700
11
10%
.—-----..
—
10% Nov
Jun
8%
Oct
131
July
5%
3i3liu
1
Standard Cap & Seal common
Preferred
10 »/2
91/4
9%
5
Spencti Snoe Corp
•
Stahl-Meyer Inc..
Standard Brewing Co—
Common class
Z
9
10J/8
—10
;
& Bros—
(A G t
Spalding
—...
Royalty Co...
Southland
1st
Telephone.
New England
Southern
121
..100
West Texas Utility $3
for Week
of Prices
Low
Par
High
Low
High-
Low
Sales
•
Range
Sale Price
Range since January 1
Shares
of Prices
Sale Price
Far
Last
Exchange
Curb
Week's
Friday
6 1 O O k ii
York
New
for Week
Ranee
L»«t
Exchange
Curb
York
New
NOVEMBER 17
WEEK ENDING
FOR
Sales
Week's
Friday
10478
98%
2
u
Udvlite
71/4
6%
6%
1
—;
Corp
2%
-10c
2%
2%
800
Unexcelled Manufacturing Co.
-10
4%
51/4
1,300
—1
Products—.
common—,
.10c
Cigar-Whelan Stores-.
preferred
.
Prior preferred————
United
United Elastic Corp
V
20
1st
90 y*
.
17
:
a32
68%
Sep
11%
Oct
Feb
May
*
95
Jun
18%
Jun
aa
Feb
iV May
112%
ft Jan
ft Jan
V;T Jun
65%
Oct
Apr
39%
Jun
90 '/
Feb
93
4
62 V*
62%
;
Feb
263
Jun
50%
3,500
64
Jun
-
.250
Sharing—,
Machinery
Shoe
Preferred
common- -25
-23
—;—
United Specialties common
1%
74%
76 y2
44%
44%
451/4
1%
S Foil
U
S
U S .and
$5
U
U
Co class B—
Graphite
9
7
Jan
Feb
8%
Oct
10
250
is
300
90%
90%
93%
850
Jan
93% Nov
3%
3%
200
2% Jan
4% July
"2%
2V8
2J/a
300
1%
%
1,900
Ve Apr
1%
4
4,400
Jan
•
•
...
'
li!
l50o
I—*
IIlO
.—
common-
1
...
%
12%
"51/8
;
5%
20%
19%
20
28%
26%
1%
625
1,200
7%
1%
1%
1
83%
83'%
—
100
3%
57%
7
7
4,300
3%
-10c
Products
Utility Equities common——.
$5.50 priority stock--—
400
16,400
55 >/4
56
IZi
13,
4%
-
7,500 '
500-.
50
1%
Jan/';
2%
5
5%
13% July
5V4Nov
Jan
Feb/
:
.22%' Aug
h
18% Jan'"i,,
20% Jan
2%
Jail'
Jan
5lVa
74%
28% July
3%
.;
8% July
tf?
Jan
Oct
Feb
61
.
Feb
1%
Mar
26.
,
Jan
A
Sep
34V4 May
Jan
1%
Jun
••2% Aug
.% Sep
'
Feb
7
20
■
Zla
4%
•
78%
July
11
% Apr.
••
12
—
Utah-Idaho Sugar
—
Utah Power & Light $7 preferredR*dio
5%
9%
•
Insurance
Utah
10% Sep
4% Mar
9%
*
Universal Products Co_
300
3,700
III1.
Copier class A_—.—.
Pictures
45 V\ Aug
8
United Wallpaper, Inc
—
Universal Consolidated Oil—...—, -10
Universal
Jun
7%
—2
Universal
42
2 Va July
/ 84
;
Nov
Illinois
B—Li
^1957
5s_——,——1950
ref 5s
!——
1963
V* k L 3V*s
;
—1970
1st iien
&
Indianapolis
:
Venezuelan
Vogt
common/—
Petroleum—
Manufacturing
50%
—
::
1
8%
•
7
3%
11%
500
51%
3
.-—3
40
9
'
12%
1,200
500
iya
Feb
:
8%
Feb
8
3% Julv
-
Oct
11%
Apr
Feb
■
15% July
*
•
5
600
extZ*
9'/8
10
400
Co...
Wagner Baking voting trust ctfs
7%
preferred—
.
Waitt & Bond Claw A™
*
M.Us
Z/
May
7% Feb
19%
100
3%
193/4
2%
•
700
y2 Aug
98
14%- Jan
20 %
1 Va
15
Jun
Weutwoith Manufacturing
ppo
nave
1.23
9213.
4%
4%
.
5
3,200
3%
Jan
Power
*35
*39
J-j
34%
*39
25
Dist Pow
6s'
Corp
'
34%
23
"
25
757
39
88%
19
68%
,•
Light 4VaS—1——1967
P 61 L 4V2s_.
:
1978 '
Minnesota
&
ref
& Suffolk Ltg
series
:
A—
5s
New Eng Gas & El Assn 5s
Amsterdam
Gas
5s
—
Conv
deb
England
Oct
New
New England
57
Power
3V4s
Power Assn
Debenture S'/aS ___a
109
77 y2
287/a
40
106%
F'A
...
A-O
■■
M-ti
1943
1981
2022
—1948
1947
106
F-A
1948
1950-
1954
J-D
.■
3:\
J:
.61%
69%
1
1065a
10871
.9
1027a
106
3
62%
1047a
108
100%
101^/4
;37
v
'
106
3
■
'
31
106% 10674 "'
I
1.06% 111
116
126
110%. 113
5
84 7 a
44
72%
72%
887'a
72%
S8%
83 Va
83%
J-D
82%
823/i
84
17
M-V
83
83
84
69
107
*107% 108%
U-N
102
102
26
102%
■
102 %
.
110% 110V4
"
J-J
A-O
99% 104%
103%
.99%
*117% 118
M-S
M-S
109%
'M05 7, 108%
100% 100%
106%
112%
107
108
103V4 103V4
;
109
1
1107% 107%
—
J-D
122%
2
102% 102%"
61%
62
»
.-
,
120
.
*99% 100%.
J-J
J-D
1961
5s__—.1948
—
.Ml06%
A-0
109
106% 107%
"l
109
107% 107%
J-J
07 3 a
60
2
108%
120% 120%
-1955
5s-—.-—
*104
J-J
3%s._—:_1P66
Midland Valley RR—
Extended at 4% to,..——.1——1963
New
.
106% 106%
106%
M-S
34%
42
60
?9
M-S
6VaS——1945
Milwaukee Gas
1st
7
42
22%'37%
80
97%
67
42
'
~34%
96%
68
V'
21% ' 397i
25
/
96%
v
J-D
stamped—^7--~-1948
Petrol
•
41
.*/ 34 %
J-J
102%
106% 109
41
J-J
106%
93%
93 7 102%
8
36%
F-A
-1970
Kentucky Utilities,*?
Oct
5% July
'
-
Electric 6s—.——2022
Light 3V2s_.
—1969
Kansas Gas &
Kansas
3%
'
101%
100% 101%
*108% 108'%
J-J
105ft
103-%
4
52
'101
'
.
25 V4
Feb
Jan
Sep
11% July
94% May
too
•
>
ZZIZs
Class B
Wavne. Knitting
5%
3
101
1
102
—
J-D
Jersey Cent Pow & Lt 3V2s_——:—1965
Kansas Electric Power 3VaS—*.—1966
6s
4%
101%
F-A
75
111
105'
102
105 7
—
5s
Nebraska Power 4V2s———
W
Aircraft
64%;
106%
104% 105%
104%
J-J
U-N
coupon)—1957
A 7s
-1052
i A7S
(July 1941 coupon>.-——1952
Interstate Power 5s
——1957
Debenture
6s~
1952
Altallan Superpowei 6s———1963
Nassau
Waco
Jf-3
'
(Aug 1941
series F
,
54
Jan
27
*104%
108%
103% 108
102% 102%
71
.'105
A-O
103%
104%
103
*105V8 105%
A-O
A7s
McCord
convertiole preferred——'—8
*67
J-D
:./w—1957
E__,
series
98 7i
101
103 -%•
*98
J-D
10374
104
101%. 104%:
*108Ve 110
J-J
^International Power Sec—
A6%s series C
l»5a
A6%s (Dec 1 1941 coup)——1955
A 7s
4
*
-Jan 1949
Service
'
11
Moo
J-D
ref 5%s series
1st &
Indiana
A
100 7
/
F-A
Co—
Power
103% 103%
104% 104%
*104% 108%
103%
"104%
107
63
*-
J-J
124 '/a
1UX
5
103% 103%
'
M-S
B——————Jan 1949
series
6s
-7.'
1047 a
97%
75
103% 103%-
103%
/'■
J-D
—1966
Lt Si Pwr 3%s—
Hygrade Food 6s ser A
;
J-J
Guantanamo &
Houston
107
102%
101%
21
J-D
Prod 6s_—:
—1933
West 6s————1958
Grocery Store
93 Va
103
101% 102%
103% 104%
*124%
107
105 Va
90% 100
123
162%
104V4
A-O
West 4s—
Great Nor Power 5s stpd:—:——1950
Green Mountain Pow 3%.———1963
Grand Trunk
99
2
122
Af-N
125
119
/;
99%
99%
M-S
-1978
108%
86
104%
103
103
F-A
——.1965
195G
Coal 4s—
Alden
Glen
111
102% 104
Af-S
1969
-1953
A—1948
Georgia Power & Light 5s—
Middle States
$4
F-A"
J-D
Gatineau Power 3%s A——
General Pub Serv 5s——
AGeneral Rayon Co 6s ser
108
*120% 124
A-0
/.—1958
Cuban Tobacco 5s,——
—.-1944
Eastern Gas & Fuel 4s ser A—-—1956
Electric Power & Lfglit 5s.——2030
Elmira Water Lt & RR 5s
1956
Federal Water Service 5V2s
—1954
108
105%
108
*103% 103%
J-J
—1954
Gen mtge 4J/2s
Continental Gas & El 5s
Lake Superior
ValSpar Corp
J-D
2%s ser Q,
Consolidated Gas (Bait City)—
1st ref mtge
108
108
J-D
.-w-—-1971
—1969
—1976
ref mtge
1st
'
-
"
:
United Stores common-
Universal
80
Pr (Bait)—
series N—
3s ser P_
3V4s
77% July
—8
International Securities..
with warrantsReclaiming:
Jan
7%
....
1st preferred
Rubber
Oct
9
69
1
common——
S Radiator common—
S
1% Aug
•/
1,125
9%
9
1
Oct
269% Nov
6% Mar
—1
.
6%
Feb
%
400
1%
75
v
U
10
269% 269%
„10
preferred——-————.
United
Apr
Co Ltd—*
dep rets ord regis—
United NJ RR & Canal———. _100
Amer
Profit
Jan
% Mar
% Feb
V
participating preferred
United Molasses
10%
121%
Nov
33%
1st, preferred
United Milk Products—
; $G
United
Mar
Sep
32
■
Nov
3
1% Nov
1,100
l7ff
19
Feb
16
1,050
5.800
'
1/2
Jan
9,900
%
.'
2% Mar ?
Feb
Sep
8,200
,V
3/64
25% Aug
,
80%
200
113y4 113%
/;
1%
2,300
19
1%
% vu
l'/4
-1
non-voting_.
warrants..
Jun
17.
300
.1,100
18
.
19;
-—,
United Light & Power common A—
Common class B——...
$3
88
17
-
14,300
1%
iV
$7 preferred
7%
*7.% Jun
2,600
■
United Gas Corp common-.
Option
~1%
1%
warrants———
uorp
Feb
14%/Jan
88
$5
United
7
•
United. Chemicals
7%
66
111 %
10%
10%
Nov
3% July
; ;
£%
/
Too
Yds of Omaha—
Aircraft
Jan
41a Aug
»
—*
Canada
of
Gas
Union
Union Stk
Umted
7%
Jan
2%
7,600
Corp:.—
Realization
Ulen
Gas EliLt &
Consol
,
102'/a 10274
*
'
167
95%
887 a
110
1027 a
1017V 1037a,
•Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4335
RANGE
BONDS
New
York
Curb
Last
^
N Y State
N
Elec & Gas 3%s—■—.-1964
& Westchester Ltar 4s
—2004
Y
Af-N
■
J-J
Bonds
Sale Price Bid & Asked
Period
■*—
■
Low
Utah
•
New
No.
Low
89%
J-J
Ohio
Power 1st
1st
3'As^-
mtge
111
United
Electric
102%
107%
United
1971
f-a
Oklahoma Power & Water 5s,'—1948
Pacific
F-A
4s
tight
5s—...
1955
Park Lexington 1 st mtge 3s___—10641
Penn'Central Lt & Pwr 4%s^
—1977
<lsfc 5s
—
'
—
'■
110
107%
102
104%
$107% 109
103%
105%
Wash
.6s
:
$108
Utah Power & Light
%
Debenture
106
;
-
income
dibs-
Gas
102
1
108
109%
60
102%
106%
11
103% 104%
West Penn Electric
West
Penn
Western
6s
108
117
106
107%
106---
113%
*•- ■■113-
:
113'
115%
116%
111%
116%
MS
45%.
44
.
46
J-D
4106
1964
J-D
1109
.
43
115% 116%
24%
61
47%
110
105
110
i
108% 110%
109
107 %
108%
:113
■
—1951
5s
2030
A-O
5s_——1960
Traction
J-D
,
Newspaper Union—-
conv
fAYora
f
s
debentures
,
1959
F-A
1937
J-D
-
Rys Co 5s
I
105%
119
109%
114%
»108% 108%
4118
118
,
1947
J-D
stpd
AStamped 5s
Portland
108
103%
Af-N
—1954
Ry & Elec 4s_——
109%
106% 108'/a
109%
-
High
111%
Co-
Wash Water Power 3%s
106
106
109
Af-3
y-A
;
series A—-——2022
6s
105%
-
108% 109
F-A
-
1 "56
A——,———,J—.L—1952$
series
104%
11"
$ 166 % 108%
J-J
_
Low
110
1
Waldorf-Astoria Hotel—
40
■"
*'
J-D
January 1
NO.
109%
58
''t
''"
M-N
Pennsylvania'Wate^ & Power 3%s_1964
3%a
Ji
-11970
Philadelphia Elec Power 5 %s,
1972
Philadelphia Rapid Transit 6s
1962
Range Since
Sold
High
110% 110%
A-O
107%
2
•106% 107'.4
M-N
mi9
„
$56
•
110%
A-O
105 Va
$104% 104%'. ,
»
J-D
l.1959
105%
102
102
J-J
5%s
cons
8
107
.1949
4s___—
United Lt & Rys (Delaware) 5%s_1952
United Light & Railways (Maine)—
A 5s
&
Power
J
104%
107% 108%
f-a'
Public Service
95%
N
101%
tl05% 106'%
A-O
——1962
.•
108
A-O
—1968
33
mtge
Ohio
•1
101%-10l%-'
-
Bonds
Friday's
or
Light & Power Co—
82
23
90%
Week's Range
Last
Sale Price Bid & Asked
Low
19
M-N
Friday
Interest
Exchange
108%
■
_—U945:
Curb
High
1st lien &
Utility Corp—«•
5%s series A (8% redeemed!— -_1948
Ogdea- Gas I'stSs—L
York
Period
North Continental
.:»>
17
NOVEMBER
Range Since
January 1
Sold
}108 %- 109%
10312 104%
•
WEEK ENDING
FOR
BONDS
Week's Range
or Friday's
Friday
Interest
Exchange
EXCHANGE
YORK CURB
NEW
221
-.98%
85
98%
i 100
.100
,100
100
100
98%
96%
100%
96%
-
100%
Coke Co—
&
'
5s
stamped
4%s
extended——
Edison
Potomac
P
series
Power
J-J
100%
104
M-N
105
112
;
.1961
A-O
107%
111%
B;
.1959
M-8
.1964
J-D
.1949
3-D
-
(Cant
Corp
103% 103%
.1950
.1956
„
E_
5s
4%s
:
102
102
2
14
102'%
92% 102%
Public Service Co of Colorado—
1st
mtge 3%s
;
Sinking fund deb 4s
Public
of
Service
New
-perpetual certificates—
Queens Borough. Gas & Electric—
5%fl- series
.1952
A-O
.1979
.1952
--D
.1951
A-O
Shawinigan Water & Pwr 4%s— .1967
104% 104%
Af-3
.1951
104%
J- D
A-O
Joaquin Lt & Pwr 6s 3
Estate
6s
'
-
Scullin Steel inc mtge 3s
1st
4%s
series
-
D
.1970
■
-
:
1
■
105
126%
127%
83%
83 %
$92 }/4
'
•
Wyoming Coal
6s
1947
104
J-J
5S-
J—.1957
J-J
:
'■
,
Friday
Week's Range
Last
Interest
V-" "tiC
73%
83%
93%
1
103%
104 %
$105
103%
105%
108
.'
or
Friday's
104%
30
104
106%
California- Edison
MS
105%
105% 105%
16
104
A
20-year
A20-year
Bogota
106%
Southern
California
A-O
108Y*
107% 108%
6
107
109
Sold
High
High
Low
No.
(Col)—
—April 1946
7s
63
1947
Jan
$61
J-J
$61
65
1948
7s
Mortgage Bank
(see
A-O
J-D
27
27%
6
62
51%
54
61%
16Va
—
30%
of)
Valley 7s
105
105%
Southern
Range Since
January L
Bonds
Sale Price Bid & Asked
' '4. PeHod
Agricultural Mortgage Bank
105%
18
-
..
..
Low
86%
94
'104% 104%
104
A-O
4
Exchange
128
i V
(i
"
Curb
■':V4
113
$126
York
New
104%
98%
.107% 108 3's
ACauca
Sheridan
BONDS
•
A
ASchulte' Real
152
$14,4% 148
M-N
Harbor Water 4%s
San
106%
137%
Foreign Governments & Municipalities
109
103 %
"2
106% 106%
106%
Jersey—
6%
Safe
106%
$106 V2 108%
■**
South
Carolina
Southern
1st
Power
Counties
Gas
Gas
•
3s—.. 1965
3%s
1970
(Calif)
mtge 3s—:
Indiana Rys 4s_.
J-J
-1971
——
1951
1970
$103
F-A
Southwestern Gas & Elec 3%s,
F-A
P
I* 8s
&
Standard
6a
Gas
&
6s
Af-3
;
Debenture
6s
1
A Certificates
Tide
&
Toledo
80
80
"
2
F-A
75
77
•
2
1952
J-J
421
40
6%s stamped_1958
M-S
$17%
1958
(Peru)
City
M -N
$37%
1951
J-D
$32%
Af-N
A-O
$16
98%
92
97%
98%
32
86%
997/a
82
83
82
19%
22
$79
83
7s
stamped
Mortgage Bank of Bogota—
A 7s (issue of May 1927)—
A7s
(issue of Oct.
1947
1947
1927)
AMortgage Bank of Chile 0s_:
97%
62
60
"
$41
7s
AMaranho
AMedellin
1931
Mortgage Bank of Denmark 5s
1972
.
1958
M-B
:—
1959
J-J
1919
J-D
1921
J-J
"
19%
21
.
98%
98%
98 %
38
86%
99%
A Parana
98%
97% .,98%
44
86%
98"%
A Rio
F-A
98%
98
98%
68
86%
98%
ARussian
F-A
98 Va
97%'
98%
29
86%
98%
55
56%
6
29%
22
34%
46
18
34
41%
36
—
40
16
—
79 Va
33
V.
17%
58
41%
34
99%
F-A
17
-
4
33%
—
34
$41
J-D
J-D
J-D
43%
56%
A-O
•'
J-J
1946
■
—
$32
38
;
'
—
/
.
(State)
A5
%
7s—
Janeiro
de
6%s
GVis
Government
8
-
—
.-
38%
,
38%
$36%
6 %"
4
38
6%
63$
75
3%
8%
64B
6%
25
3%
8%
A-O
1960
M-N
20
20%
41%
•No par
105
105V2
-2
105%
15
value,
sale,
a
Deferred delivery sale,
d Ex-interest,
e
Odd-lot sale.'
n
Under-the-rule salt,
Ex-dividend.
x
{Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
106%
SReported in receivership.
105
107%
117%
119
103%
103
J-J
104%
Cash
119
$118
F-A
1968
r
37
105
105
J-J
-1979
3%s
$30
J-J
1956
5s
45
.
1946
5s—-
19
20
V
—2022
Edison
ALima
98%
,
M-N
1953
:
—
Light 5s
Power
104%
83%
95%
-1955
5s
Port & Waterways—
A External 6%s stamped
1957
A
Water
'Extended
Danzig
1966
1
of
Service
Electric
Power
series
101%
95
98%
1950
depositStinnes (Hugo) Industries— :
7-4s 2nd stamped
6s
103% 103%
95
€8%
.
(Hugo) Corp—
A7-4s 3d stamped
86%
108%
5%s_
Danish
.1957
_4._Dec
—
105%
72%
106%
'
—
103%
14
84V4
$106% 107%
■.
-1951'
-6s
Stinnes
Texas
V
105
84
L'—
A-O
6s—
Texas
•'
A-O
6s
gold debenturesStandard Power & Light
AStarrett Corp inc 5s
■
.
.
.—May 1948
—May 1948
stamped
-Debenture
84
■'
M-N
:
Electric—
(stamped)
Conv
2022
'—-^..-.1989
Spalding (A G) deb 5s
•
—
Southern
South western
104
•",*
101%
105%
111
"wi," when issued;
;!
'
tive; "conv," convertible-;
107
4
$108% 109%
used above—"cod,"
Abbreviations
certificates
of deposit;
"cons," consolidated; "cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificate*}
"ww," with warrants; "x w," without warrants.
"
'4.
' u'•
•'■'••V* "'"-V.:
:V';:';
4?v C>
.4."."' ' V'
"»
t."
: 'K-"
;
■
.v\
i
-.j-
•
•.
...'
i.-.-'w
...
4
:
/if;
OTHER STOCK EXCHANGES
4
RAXGE FOR WEEK ENDING NOVEMBER 17
^
Friday
Baltimore Stock
Friday
v
;
4 4:v /• V. '4 ■•"4 '
Corporation
■
Par
■
Arundel
Bait Transit Co
Preferred
common
t
v
of Prices
Low
•
vtc
15%
4
—*
100
c
15%
1.90
-
14%
"
Consul Gas E L & Power—
2.15
14%
Eastern
Shares
Range since January 1
Low
High
155^
207
2.15
14%
1.243
15-
18
Apr
1.00 May
842
7
Jan
2.30
16"-'
Apr
Fidelity
Co
Houston
of
Amer
A
of Texas 6%
Oil
v_5
common
117
preferred
;
153
•
32
115
115
136
July
13%
100
10
Jan
31
31
a
Fldeiitv
*r
30%
30%
30%
40%
35^4
40%
37'%
391
..fin
Bank-T.l—
——20
,13%
Feb
31
__
$2
Oct
Nov
Nov
39
10
•
29%
25
36
Jun
32
Mar
May
41
July
.
35
30
Jun
41
Jan
33% Jan
430
39
Nov
General
Baltimore
A
1975
:
:
58J/2
58J/2
59%
$73,000
—1975
;
series B
5s
i
Transit Co 4s
series
5s
68%
,68%
69'2
8,000
1975
—u
—'
100
51
500
100
Jan
59%
99
.
V
Jan
64% July
4 70%
Sep
102% Aug
.
64-
Last
Central
RR
* -V
1
'
"4 4"'.
•
-8TOCR8—•
Sale Price
•
(44/
Anaconda
Copper
Low
Par
_
American Sugar Refining—
American Tel & Tel
47%
100
——50
Bigelow-Sanford Carpet 6.'/e
for Week
of Prices --Shares
.
164
27%
pfd—100
47%
163"
26%
125
High
Range since January 1
*
:*
48l'a.,
LOW
'
High
35
,297.
Feb
49%
164 V*
1.992
155%
Jan
V 164%
27%
854
24V4
Feb
28
Jan
127
127
13
113
1
New
Vnrt-H
Si
Edison
Boston
Elevated Ry
Albany RR
100
—
113
25
100
69 Va
*
—
Boston Herald Traveler
Corp
Boston & Maine RR—
36%
24%
112%
113%,\(
157
96%
Jan
116
Oct
Old
Oct
Pacific
prior preferred
G'/o
preferred
5%
class
A
—100
-
stamped
1st
Nov
Reece
-
Stamped
8%
class
7vn
class C
10 So class D 1st pfd
stamped
Boston Personal
Prop Trust
Boston & Providence RR
Calumet
Cities
Hecla
~~
Range
Boston
For
Co
Co
footnotes
*
6%
T'/a
8
32
13%
97
7%.
1%
1%
8%
Feb
Vermont & Mass Ry
12
*: 135
7%.
U
295
6.%
13
United
Feb-
5
31V2
6%
8% Mar
8%
-
,
150
50
28%
6
Jan
Jan
Jan
12% Oct
„
5%
90c
Shoe
Machinery
Rubber-
Co
'
"
46c
Mar
110
Nov
10c
Jan
45c
Feb
Nov
Jan.
Jan
31%
31%
Jan
12%' Nov
75
1
Jan
1%
1
1;
13%
42%
Feb
Westinghouse Electric & Mfg—
7%
Va Mar
200
13
525
12 Va
Jan
Nov
1% July
15
July
10 %
f
11%
92
16
90
Mar
92
37%
320
32
May
37% Nov
25%
37%
25 V2
200
24
7%, Apr
11% Oct
Nov
% May
12% Feb
25%
Nov
14%
15%
75
84%
84 Va
87%
720
75%
Jan
90%
75
75
76
300
69 %
Jan
78
47%
:
—_*
———_100
Warren
'
1
13%
Nov
1%
36%
10%
•
49%
95
40%
Feb
53% Jun
14%
——10
;
1%
92
•
common——25
-
9% July
14% Sep
Apr
May
S
Jan
233
16c
9%
—5
———
Jan
"i
41 % Aug
,114% Nov
25%
—
Inc_^_—_—
Drug
United Fruit Co
Apr
25%
United-Carr Fastener
United
98
Feb
Jan
20
•.
:
Jan
5
•.
Co
4
15
14%
Feb
Mar
10
110
13c
r———
o
100
-
31
_ioo
IIIII" •
I—__4l_I"~~"iQ
2219.
4%
Jan
35
6%
8%
Jan
3%
13%
13%
page
6%
7%-
6%
1%
19
'956
6 ', 4
8.
I10
see
25
.
.7%
6%
,_100
7—>——5
Service
Copper
East
&
5%
pfd stamped
108
1st pfd stamped—100
110
Suburban Elec Securities $4 2nd pfd—
3%
30c
175
(3»nni
3%
103%
1,536
Shawmut
42% July
24%
520
950
12
36%' Nov
Jan
20
1
Sep
Jan
15c
31%
24% Nov
26
•
35c
May
40%
74% Mar
769
34
5C
12
19
40^'r
Nov
.
11
17% July
29%
65% Sep
39
62
Feb
38%
32% Jan
Torrington
12c
11%
29%
266
'
275
40%
485
iTnr
Jan
1% Mar
Jan
7
260
.
36% Mar
50
36%
5%
1st
320
Folding Machine——_10
RR 7% pfd ———100
Assn
47%
10%
32c
7
Rutland
#
Feb
Jan
Jan
Jan
10914 113
—
23%
10O
—100
B
Mach—
69 %
Jan
6
3%
,—*
v_—
Hole
Nov
23%
1,075
Oct
Nov
18%
60c
81
62
6%
38
180
1
Jan
Nov
Jan
600
26%
Oct
2%
Jan
15%
9%
Feb
80c
36
:
110
-100
RF
2%
Jun
25
34
-7.
„
-100
—,—
——
Button
.
2,855
100
—
pfd
40%
Mills
.
Jan
10c
.
112c
-
——2 5(V
(N H)_—
Ppnnovlvsnl*
"
7 %
:
Jun
15
7"
10%
:
_
—*
10O
;
Colony RR
July
Oct
& Elec Assn——
\f1rilric*
PutfP
Northern RR
^.-1
—:
England Tel & TeL.
Reece
Boston
Boston
Cos
Jun
16%
487
61
—' •
Oct
Nov
13%
1
100
4%
1
15% Aug
44% Oct
36
29%
10
26
Oct
40
Jan
50 c
100
6%
Jan
84
Feb
7%
170
38
Jan
•
33% May
395
18%
4-
—'
5
Service
450
1%
18%
—1
—
75c-
35
38
—_——-—100
t c_'__'
v
Jan
31.18
75
6%
Sep
32%
35%
12%
—
40
Jun
167
142
1%
Feb
8%
1,460
65C
Nov
283'
40
34%
21% Mar
13%
35
50
12%
34%
Jan
Jan
76
.35
Nov
Jan
9%
780
38%
35
65c
common——,—100
—
England Gas
•5% c'o preferred
Sales
Range
44%
12 %
common__,_—.—5
—
New
Week'8
43%
-
—•
Mergenthaler Linotype
Friday
14%'
—>
Util Associates
National
>
38%
Nash-Keivinator
Exchange
:•-
31
14
—
Narragansett Racing Assn Inc.
Boston Stock
40
30%
14%
—
1:
.,
preferred
5%
770
40
108%
54
430
13%
50
Theatres——.—r-—25
Boston
Maine
Mass
17%
Oct
6% Mar
13
50
80
15
(Del)
Corp
Jan
30%
• /
class B—.1.
Copppt,
preferred
Loews
92
17
1
t—
Go
Royale Copper-
Lamson
Oct
195
40
•
Ra7or
Hathaway Bakeries
Kennpcon
r-
108%
13%
•
Electric
Sflfpfr
GlllPttp
Nov
78%
Oct
48
4
-
~I
Capital Corp.
General
Jan
50
1.250
—
———•
Stores
32%
81
4%
__
——_—•
Engineers Public Service
Nations 1
'V
High
Jan
46%
•
common
preferred-
conv
Isle
Bonds—
Inc
56%
108
108 %
——100
B—
Lines
175
79%
4
series A———100
Employers Group Assoc
FV«i.
preferred__50
Guar
National
Western
153.;
4,-
-
..
Seaboard Commercial 5'v
r>
27
50
117% Aug
SS
79%
Ry common-—100
preferred adjustment-—___1Q0
Eastern
Low
High
79%
46%
'
—100
—
Street
preferred
5r'o
Jan
v
-13%
31
25
-
117
153.
•
—
pfd vtel—25
Monongahela West Penn Pub Serv—
7%
117-
_j
•
Mass
1st pfd.
6%
Oct
;
preferred B——100
& Deposit Co——
20
Finance
preferred
6%
Low
)
-
Range since January 1
Shares
Associates—
prior preferred——2____100
Eastern
Oct
'
4 la %
6%
High
•
& Fuel
Gas
4%r'o
'■
for Week
Range
of Prices
Par
for Week
Range
Sale Price
Sales
Week's "
Last
Sale Price
Sales
Week's
Last
:
8TOCK8
STOCKS—
Exchange
120
,
16
120
12%
12%
37
37
110
Jan
192
10%
Jan
50
20Va
Jan
176
91%
Feb
17% July
Oct
July
.
122
Aug
12% July
Feb
Waldorf System
(S
D)
Inc——
•
Co
12 %
*
60
102%
,
102% 106
37
.
107%
Nov
Jun
17% Mar
Jan
8%
Oct
Jan
1%
Jun
Bonds-
American
Tel
&
Tel
conv
3s
1956
122% 122%
$1,000
121% Sep"
""122% Nov
■
THE COMMERCIAL & FINANCIAL, CHRONICLE
2214
r
i.
<'
•
Monday, November 20, 1944
OTHER STOCK EXCHANGES
RANGE
-
WEEK ENDING
FOR
NOVEMBER 17
Last;.
Chicago Stock Exchange
Week's
Last
Low
far
Chalmers
Allis
&
Armour
Co
capital——100
Co
250
33'A
Jan
5%
5%
1,300
20 %
100
8%
4%'
3%
3%
250
3
4%
5%
1,100
—-5
16%
„
1
16%
17%
1%' Feb
11%
7%
7%.
10%
19%
100
Borg-Warner Corp common
:__*-5'!, •" *T
Brown Fence & Wire cl A pfd-;
"
Common
——_1—
37%
45%
"
„
^
6
32
—5
common*——.z.l
Butler Brothers —:
10
Range Since January 1
>
High
Mfg
Co
41%
4174
.—5
474
common..
;•
6%
Ring
.
42
-10
._2:
common...
x47u
.;
22
•
14
May
Jan
50
22
•„
3378
Jan
Jan
11%
South
Oct
.
'
St
lien
Prior
100
,!■
—1
250
16%
Jan
2074
200
.
37%
34%
Jan
350
147/8
3%
24
Feb
250
Feb
32
50
6%
7%
Works
-
11%. AUg
25% Julv '■
Swift
Oil ;of
&
200"
36 74 " v
60
36 J4
-
:.
Co
13%
:V-1074
Jan
12% July
210
88% Apr
103% Oct
50
Vz Jan
Ye Jun
9
74
74
38 •'•" Apr
13
Feb"
21
1074
200:"
;
"
110
111
T
—
v
9
7% Jan
200
;
7%
4% May
-Jan
Jan
4420"
;
.2074
■
—
12 74
13%
200
3074
,'317»
1,750
3174
400
31
-
4774
25
—
'•
5374
44%
Jun
200
34%
NOV
39
29
250
23%
Sep
150
44
Sep
89%
400
78%
Jan
98
Cunningham Drug
cum pfd— -100
Stores—— -2%
—
Oil-O-Matic
4874
12%
1474
:
800
12%
Sep
Zenith
!
-
1
4,100
24%
Jan
2974
Nov
750
4%
Ja n
9%
Nov
7%
Radio
*
—
10
18%
Oct
2774
50
20
Feb
28%
Oct
Curuss-Wrighi
26%
750
19
Feb
27%
Jun
General
380
93%
Jan
104%
Oct
Interlake
250
20%
Jan
26%
"
«'
13
34%
Jan
2
750
4
13
13
1474
•'
v
;.V
Sep
5% July
Apr
Steel
Martin.
1474
6% May
150
10%
50
Jan
Elgin National Watch Co—__—
Eversharp Inc common——— —1
Morse
Fitz Simons
common
Connel Dk
&
33io
Drive Auto—
/*■
4% Nov
6% Mar
650
8
Jan
14% Aug
35%
200
Jan
Standard
47%
100
18% Jan
36% July
47% Nov
40
100
38
4174
Corp
aeneraj
Motors
General
Outdoor
Gillette Safety
common——
Adv
Razor
Sep
10%
Pure Oil Co
674
650
8%
(The)
>
14
1,200
51% Feb
60
4%
Jan
13
8
Jan
13 Vz Aug
46%
4774
150
38 %
Feb
15%
15
15%
650
13
Jan
19
19%
550
19
Nov
"
.*•
com—
;
■"
?
49%
-17
.
Hein
Brew
Hibb
Spencer Bartlett common—25
Houdaille-Hershey class B__
'
*
;
Illinois
-
1
Hupp Motors common
Brick
Co
capital—*
"5
14
150
8% Apr
11% Aug
800
9%
Jan
14
10%
300
8
Jan
11% Sep
A-
10'
47%
100
37
Jan
50
16
3 7o
i6 %
200
13 Yd
Jan
18% Aug
900
1 %
Jan
3%
4
18
8%
Indep Pneum Tool v t c new—
Indianapolis Power & Light com
—*
24%
25%
19%
19%
Indiana Steel- Products common
—1
678
6%
80%
80%
17
17
Inland Steel
Jarvis
Co
capital—;
*
.
(W B) Co capital
' Nov
47%
16%
807s
.
9
4
1,200
-r
50
100
9
Oct
Aug
Oct
,
25Vz Nov
16
500
50
Mar
6
19% Jan
350
>*1
20
..
May
5-% May
Oct
8% July
72% Feb
86
13%
18%. Jun
Jan
Util Jr cum pfd—
Kimberly
Clark
7
z*
28%
.50
Ken-Rad Tube «fe Lamp common A.
Kentucky
53%
7
550
4% Jan
7
7-
250
6 7a Aug
8% Mar
28%
250
28
53%
53%
10
36%
—
common——.
30%
300
Leath
Co
&
—5
10%
Jan
47Vz Jan
36
Nov
Oct
29% Nov
53%
Baldwin.
Z*
"7%
-1
McNeill & Llbby common
Lincoln Printing Co common*——.
5%
Oct
5
1,050
1%
Jan
5
7
300
3%
Feb
3974 Nov
Jan
10 % July
2274
2,650
6%
Apr
8% July
5%
7%
6%
1,050
4Vz
18%
.5
.4*;
Rad
McWiiliams
&
Mfg class A
Field
Marshall
—•
Dredging Co common—,**:
common——
Masonite Corp common
•
,
18%
100
18
Jun
Oct
31
100
27
Mar
51
51%
40
22% Jan
12%
10%
13%
550
8% May
18%
17%
18%
*
X41%
1
8
1,700
Middle West
Corp capital——$
41%
8
16%
Jan
1.900
11%
Apr
17% July
1974
1.800
1574
Jan
2174
26%
350
23% Feb
29
4774
47'%.
100
3774 Jan
5174 July
15
18
Mar
12
July
177'+
1,250
107a
1,650
18%
1574
.1774
700
Sep
874 Apr
16
Jun
21% July
3274 July
5874 July
Apr
51
July
200
1774
74
Sep
14
Apr
20% July
40%
17
Week's
"
Sale Price
'"hiy
Feb
53% July
Nov
8
13%
Jan
52
Aug-,
Nov'
13% Nov,-1
18%
50
38% Mar
650
57/2 Mar
Low
10
———
———
1 374
3274
"
8
.
'
2*
33
70
"v
•
•
•
..
,!
11874
Jan
127
h
Corp :i***-*-—*—
2774 '
2774
29%
8y4
8%
8%
Foundation
Art
Gibson
1774
Kahn
>"■
4
130
1074 Apr.
14
272
30
May
35
Jan
67
Sep
76
Nov
29
Sep
40
Jun
5
Nov
127
70
39
3974
37
275
20
34
Jan
45
Nov
,>
96
15
Jan,
20
" Nov
«?
42
50
39
Mar
45
July
1374 July
100
-
m
Sep
50% Oct
■'
372
3174 Jan
3774 Nov
125
21
50
5074
1274
56
1074 Sep
42
50
37% 1
27
10
10
50
3
——
1
249
5674
5174 May, :
8
Oct
12%
12%
13%
8,150
9% Feb
IS1/* Nov
28%
28
287V
1,300
2874 Nov
57%
467
22%,
22V*
20
4
U
Rapid
S Playing Card———
—50
10
22
5
4574
127*
.*10
4
22
4
Class B————
Oct.
5674
22 74
—
4574
85
1274
100
—
Preferred
29
Jan
Oct
674 Feb
10
3
Nov
July
52%
Apr
59
22
Feb
25
Jun
374 Jan
4
Mar
10
4074
Jan
"'Apr
•
Nov
477'a
Jan
874
35
Nov •':»
14
Oct
41% Oct
41%
24
1474
313
374
47a
336
374
Jun
169
51%
Jan
66
25
28%
Feb
3374 July
75
4374 Apr
Midland United Co—
Convertible
Midland
7 °!t
preferred A_
UtU
prior
6%
Miller & Hart
——*
prior lien
liem
8%
8%
100
18% May
574 Mar
8%
100
100
*,
87s
250
5% Mar
Monroe Chemical Co
,'*;
.
common
Northwest Airlines Inc
Northwest
West
7f»
Bancorp
1% Jan
974 Jan
3%. Jun
10%
11
1174
11%
50
*
374
51%
374
200
2%) Apr
51%
150
41% Apr
29
29
50
2774 Jan-
30
*
18%
18%
50
14% Jan
1
10
I
*
1,000
13
500
36%
350
18%
21%
13
36
18%
150
26%
36
**
common—.
pr
preferred
lien pfd
100
.
100
——
2674
50
22%
450
21%
774
Jan
11% Feb
32%
Jan
1174 Aug
11% Nov
Timken
125
3674
preferred
35%
125
RR
.
page
2219.
63%
2974
487b
.
Bearing.
49'
61
>
1774 July
5%
Mar
July
52% July
Cleveland Stock Exchange
July
2874
'4'
20 Vz Mar
Feb
16%
Jan
Jan
36%
340
22
Jan
35
100
3%
3%
950
8674
8674
120
50
Peoples GflS-Lt & Coke capital.—.100
Circle (The) Co—
footnotes see
35
24
37a
79
Jan
35 74
30
Akron Brass
Sale Price
Nov
Jan
Eaton
Nov
Goodrich
Oct
Goodyear Tire &
19%
200
16
Sep
X29%
31%
1,650
26
Jan
3174
67%
68 %
56%
Jan
35
35
500
Ice & Fuel
Controller.
3174 Jan
68%
36
Aug
*
Clark
4% May
Cleveland Cliffs Iron
Mfg
preferred
—
General Tire & Rubber Co
(B F) common
—
Rubber
Greif".Bros Cooperage clas® A
—•
*
-25
Shares
200
207a
79
a4874 a4874
760
18
88
63
5
41
19%
79
79
;
■
a24
__
55
-
.52
55.
112
6% July
Jan
.
25% July
22% Jan
Jan
14%
85% July
Jan
50
Jan
Jun
50
a24
a51% a5l7b
a46% a4774
__
- ■
moh
Low
574 Feb
67b
a207b a20%
—
.
Range since January 1
High
67b
—_*
*
*-*.
for Week
of Prices
Low
par
50
*
—--1
Mfg
Jan
9474 Aug
20% Oct
TOO
Range
July
3674 Nov
Sale*
Week'®
Last
STOCKS—
2274 Nov
125
Friday
-
Sep
19%
10
___
caoltal.
Perfect
Fn>-
Roller
1474 Oct
38
19
95
100
—
29%
61
i—.
——
Jan
12
Feb
1774 Mar
10
5
com
Penn Elec Switch class A_.
ppnn^vivaniH
10
common
•
3% Nov
City
(The)
Peabody Coal Co class B
4
.
1*10
——* -
Brands
.
Util
Parker Pen Co
6%
'lj1
Motors
Standard
-25
—
——*
2074 Oct
*—20
common
Rolling Mill
Gas
53% Oct
*
—*
National Cylinder Gas common
National Standard capital stock.
Car
1,150
1
—
Springfilled common.
American
274
,10
common
common—
Montgomery Ward & Co common
Muskegon Mot Spec class A—
Nor
Columbia
Sep
General
$1 prior preferred
Minneapolis Brewing Co
North
American
17
Inc—
2%
Nachman
Unlisted—
16% Sep
- -
?
:'
23
Jan
4074
4074
••
Nov
1% July
1374
-50
——
——
1274
AUg
5074
■
3674
A—.
,,'
5
20
„■
27
Pumps
•
42
~
class
Randall
?
45
45
45'
1
& Gamble—
Procter
July
"3
5r
■
TOO"
-
—
;;
1;
13
Lunkenheimer
Meteor
"!
Nov
35
1274
—
Nov
874 Nov
1274
——
Kroger
8%
92
-'■"■574 Jan
.
20
JL'J*-
—
*—***4
—————
pfd ——*>»*—— 1
1st
29% Nov
Feb
33%
39%
——
Apr
774
87% Jan
114
'
8
68
——
—-—
Preferred
July
35
—
Investment-———-*••
Hilton-Davis
Mar
80
1274'
—10
Hatfield
9
Jan
7%
15
92
NOV
Jan
72
193
Crystal Tissue -——.——
Dayton & Michigan pfd———*■
Dow"Drug •*—*————*—■
——
'
374 Mar
10774 July
,"183
Insulation
1374 Mar
Feb
7874
Eagle-Picher
"
,•
Jan
78
77a
Nov
2%
656
9
92
■
3474 Jun
10
77& May
10
May
.
Oct
16
127
:",774
•
100%
78
Crosley
14%
Apr
2574 Feb
2vii •;'•
107%
874
■".•". High
8%
>:
10a
3
107
:
9
30
24
127
-
-
^ -■•• ■
31
3
—
■"/
10
■
V
*
v.-»'
Range Since January 1
High
Jun
21% July31
for Week.
Shares
1374
—20
•••
Sale®
Range
of Prices
Low
•■■
*
U S Printing common——
—„
Mickelberry's Food Prod com
400
1574
2874 Mar
—
National
McCord
Nov
2274
15
10
—.——.————-—
Churngold;
7% Sep
31
capital—
Lynch Corp common
4%
'
7%
Nov
Apr
1
25%
!' Cincinnati Ball Crank
5
Cincinnati Gas & Electric preferred-100
C N O & T P pfd
109
Cincinnati Street
—.———50
Cincinnati Telephone ————50
Oct
42
7
UDD>
Lion Oil Refining Co
'4%
7%
Jun
35
150
'
'
Machine
American Laundry
*
common*—*—
474
July
900
Hobart class A——-—
LaSalle Ext Univ common——
66% July
1,350
4774
Aug
7
Drug Co common
*
Kellogg Switchboard common
Jan
17%
Industries
Aluminum
Formica
Katz
5074
67b
1
;»For
■
21%- July
14
9%
_*——*1.
—3
cap
Parts:
400
Sep
10
V.
Co G
Motor
Werner
627b
874
.
J'trt
13
Harnischfeger Corp common——-io
Heiiemaxi
71% July
1874
STOCKS—
"
"
Jan
3974
■"'"'■Vf-Friday
VV,'V'
Last
July
July
100
•
28
5674
Cfncinnati Stock Exchange
4374 July
200
'
*'
24% Jan
100
1574
1[
■
:>
8% Mar
Jun
10%
«
—
%
6% Nov
Jan
8
4074
12%
■
1,200
common*———
C
1274 Aug
Feb
9
300
1174'
66 74
21
common.
'
July,
674
common—— -1
common*'——u— .10.
Rubber Co
44
Feb
2774
Standard Oil of. N. J————— .25
S
874 July
Feb
-
Oct
73
v
Oct
12%
ImW- '
34
500
40
Apr
5%
150
8%
8% Nov
Jan
62
100
July
—'■■
'
Brands
Jan
30
3% Jan
100
6374
12%
\Avg
23
50
4074
Apr
1074
'
4%
300
>
-
38%
15
.—5
America commonRepublic Steel Corp cqmmon
Oct
10%/Jah
100
850
6074
6074
*
common
& Dk
13%
8%
33io
—
Lakes Dr
29%
100
28%
6
common,—
Goodyear Tire & Rubber common*.
Gossard Co'(H W) common.
Great
12%
4074
•''■'wJ."
common———,
874
72
61
Studebaker Corp
13%
-100
Preferred
General Foods
Oct
674
*——*i——*
Incorporated
950
2774
common- *—1
General Finance Corp
12%
1174
-•
Pullman
5
"
28
■874 Jan
2674
.—1
—
Paramount Pictures Inc-—*—
13
1274
(Peter) Brewing common—- -1%
Fox
Oct
2,450
Oct
15
874
RR capital—
Oct
U
■>
674
•
3874
Oct
& Dredge
**——4—*-
Co common
Four-Wheel
■
*
Jan
66 74
1174
27
common—
13%
40
'
Fairbanks
••" 274
-3774
61"""'
Corp*—
34
1
V
300
8
.100*.
.—i
15
,,
3774
,_50 "
(Glenn L) Co common—
Nash-Kelvinator
/■
„
"■
*
Corp
47%
—15
Apr
674
?
"8 74
•
common
*
Iron
July
Jan
1174
'
:
com..
48 74
42 74
50
72
Co_.
12%
13
Apr
100
" 674
874
-
5
common.;
Corp
Electric
474.
5
——
6374 July
8% July
3074 Nov
1174 : 1174
11%
674
Radio Corp of
Household Util Corp
Electric
Jan
r;
capital
Copper Mining*
Topeka & Santa Fe Ry
1
'
Apr
374
26%
;
1474
4274 ,42%
*
Anaconda
33%
3%
& Cohn Inc common- —10
507a
850
30
■
4."
_2
'
>36% Aug
Jun
200
1,400
7%
••
2974
••
American Radiator & St San com*;
Bethlehem
10274 103
25
25%
25
Mach
Corp
2574
•
•
.
Unlisted Stocks—
17% Mar
2974
7
■
2774
-2%
Dodge Mig Corp common—_
3331
Domestic Industries Inc class A
Feb
4974 Jan
4474 Sep
33%
130
,
5774
' :' 7"
«•".* 14%
common.———'1'
common—,—
New York Central
Decker (Alf)
3174
"33% Jun
-Jan
28
300
36.74
■ -
56
-
7
;
—*
Yates-American
Jun
28%
,
>m
*
,—100
com
Bankshares—
33%
.
'-36
Inc. common—4——
WoodallxIndustrics
647's July
.
2674
—25
Cudahy Packing Co 7%
Curtis Lighting Inc common
•1874 Feb
2774 Jan-•
2974 Nov
50%
■
—50
com.*. —20
1
Wrigley (Wm Jr) Co capital
2874
7%
1
common—
Telegraph
56
•
—
common...
Common
Aug
4974
■
Co
Wisconsin
53% Nov
34%
common."
Wieboldt/ Stores
Williams
-36%
Street Corp com.-"
•
Steel
S
Atch
———
574 July
17% Juiy
Sep
1474
V 2974 V,: 2974
25:
capital—4—;^_15
34%Jan
'
Jan
"'••14%
•/
3% Aug
•
374t. Jan
100
200
■
Jan
2074 Nov
-
31% Sep
500
:•
—
capital——
Western Union
Co—
Crane Co common——
43
2
Corp capital
Walgreen
Oct
950
1274
Container
1274 Aug
Apr :.
'16
Utah Radio Products
Oct
12
14,100
2874
pref part shares——
Corp of America
t cr
■
**10
Consolidated Biscuit common——*
Consumers
'
common— —25
1
Edison
Commonwealth
U
Nov
34%
'
1
;
5..
Cities Service Co common——
Feb
100
208 South La Salle
74% Oct
8774
1
..1
:
——
12774
Jun
53
i
Chrysler Corp common--*———
" Jan
7%
774
■,1
common-—.——
Preferred
8%
•
531/4
*
*
V t c for
''
7%r
—
:
58%
160
•
•''
_•
Chicago Flexible Shaft commonChicago & North Western Ry—f
73%
'
*—
preferred
Convertible
71
73%
pfd- 131*
common
6
2774
1.450
30
Feb
24
July
40
•'
V
•<;
Nov
15 74 July
Jan
20
-
International
Texas
Yi Aug
Vz Mar
1,000
'
12074 127%
•
Chicago Corp
®3/» Aug
Jan'
;
,
50
"1074
30-.' >
99% Nov-
Jari
3474
2074
.
374
100
•
1374
20%
Febr
85
900"'
19%
1974
; .1
—
:
V 1874 Nov
Jan
11
550 V
574
374
4———4——II..'; 3 Ve V. 3.;-"
33
Indiana capital™25
X33%
CVf
-.•".."■5,74 V '5V*V
Inc common——"^—1 Vv
15% "
Corp common.—'.—5
; i- v 157 a
Common:
Swift
Jun
1,150
'
■
—
Central States Power & Light
»•.
67« Jan
400
".18% (v;
•
.99%
•'
Sundstrand Machine. Tool common——5
Nov
18
:j\-
5
cap—
Stockyards capital——"
Dredge --pfd.—20
Stewart-Warner
Nov
32
74 Jan
4
Lathe
Sterling Brewers
Nov
6%
22, " Jan
200
Jun
12
74
:' '
■
*
preferred——*
Preferred
Apr
47b May
22 74 Oct
v21VV':;Jan^
Y 350'-
",:
24
.v574
^
Louis Nat-
Standard
41% July
23%'
74
_50c
Central S W Util common—
Jan
1774 Mar
•
50 ri
,v?
" 98%
•-
Corp.—''V,:.:-,:v"' 4-"
Bend
Standard
■'
8% Aug
i; Jan
5
U
•'
;
Spiegel Inc common____—————__2
Sep
8 '
•
"V
class B common—-———1
2374
•
;
——
Sinclair Oil.
12% JuLv
46%
8 %
4"24
capital————.1' • v{ 18 74
Common
Oct
103
11%
'1174
I"4 O O
—.
—...
43
^374
2,000
"1174 :ll%
common.'-.'.. -4
Signode Steel Strap :Co pfd——"30
Corp—
Secur
Common
8274 Aug
38 7-4' Feb
180
474
•
Central 111
High
71 % Mar
140
r
Pub Serv $6 pfd—
Central Illinois
-
Low
8074
-
,
4--——
Sears, Roebuck & Co common!:——2^*
Nov
6%
23%
.
—
—
Co-^
Hosiery Mills
Serrick. Corp
3% Aug
5% Aug
*
Jan
18
.450
(E L)
Share®
80
-10
;*—„
common..
Mfg
Schwitzer" CUmmins
'
,"200
Piston
Jun
17%
*:■ .950
45%
Burd
*—*
—
Sangamo Electric Co common
8% Nov
.
12% Feb
250
11
11%': 11%
Bruce Co
Rollins
Sep
2"
Jan
3%
100
16%
11%
: _i' ■.
common——5
Corp
22 %
Jan
474
."350
t
1674
—■_*—-—•
Low
Par
v
common
preferred
Reliance
Aug
67a July
Apr
7% Mar
1,300
,■
Berghoff Brewing Corp—
X"11%
Binks Mfg Co capital—
-1 ;
Bliss & Laughlin Inc common—-—5
;
•
Bendix Aviation
6 Vo
Aug
164
Co
Packing
Raytheon
40% July
Apr
lo6%
1% %
10
Mfg Co common
Radio Cbrp
Belden
Belmont
8
Jan
600
36%
7%
8
•.
3
A com
& Seelig Mfg
Barlow
36%
1%
(Delawore)——
Aviation Corp
8
Rath
High
LOW
4%
.
4
Washer common—
Automatic
Range since January I
300
2074
common
-1
common.————1
Co
Athey Truss Wheel capital———
V.
•
of Price®
"
Equipment Corp
Aro
Asbestos Mfg
Shares
High
163% 164
J.J.
5 74
—-»
common
Quaker Oats
,
Co-—._■""
Mfg
& Tel
Tel
American
7%
Castings——-,--5
Aluminum
Advanced
'■
•
for Week
Range
Sale Price
for Week
of rrices
Sale Price
6TOCKS-
Sales
Range
Friday
4
■
Sale®
Week'®
Friday
STOCKS—
1974 Feb
25% Jun
25
40
Fpb
54% J in
97
.3674 Feb
50
60
.43% May
55
Jun
•
Nov-
4
Volume 160
Number 4335
THE COMMERCIAL & FINANCIAL CHRONICLE
-
2215
OTHER STOCK EXCHANGES
I1
RANGE FOR WEEK ENDING NOVEMBER 17
Friday
Sales
Range
Sale Price
Eros
Low
5
common
.;
.
Hanna
{M A)
Interlake
Jaeger
$5
pfd———L.*
cum
31%
31%
Machine
McKee
to
Tr„—
(A
G)
14 V#
*
Refining
'
Patterson-Sargent .U——— ——*
Van
Dorn
Warren
Iron
]
Fitzsimmons
45
Nov
'65
12,%
Jan
'
22
,
;
Nov
252
13% Jan
32 VB Jan
42%
40 y4
Jan
48%
Nov
90
32%
Jan
49%
Oct
Jan
21%
Nov
2 y2
;
Oct
148
Sep
4214
46 y4
21%
2%
15%
100
2%
271
V
2
60
a24% a25Va
Jan
20
18
Feb
Oct
Holly
Development
Honolulu
Oil
Hudson
;
Hupp
Motor
Jade
Oil
a22% a22%
Firestone
a52 y4 a52%
Tire
Glidden Co
Inter lake
New
com—
__
Iron,
38%
common...;/>Z
Z_Z
common—.
common—..^ZZ ZZ
S
Steel
Steel
common
:
,
Steel
24%
Oct.
45%
Jan
38%
65
53%
Feb
35
Feb
170
18%
Jan
6%
Jan
15%
Jan
190
15%
Sep
20%
al7%
com
•
•
a
18%
107
Apr
Car
a57y»
205
50%. Apr
18%
6%
Z
16%
a
80
16%
a
Jan
Aug
;
;
Solar
.
.
j
Burroughs
Consolidated
Paper
common
Continental Motors
common
Detroit
to
Detroit
Edison
Cleve
Detroit Gray
Nav
——
13%
10
Detroit-Michigan Stove
6%
i.1%
Mfg class B
General
Finance
Goebel
common
—
Motor
Hudson
Car
common
Klnsel
Kresge
Masco
5%
Mid-West
8
Davis
1.00
6
Gas
Prudential
Invest
Pr
12
27'
(HW)
•
200
700
27c
,
1%
;;
24c
65c
-1%
700
■*:
13
-5%
com
..
.
2%
Investment
United
U S
Radiator pfcl—
Cooler class
Universal
Warner Aircraft
.....
7
26%
;
2%
2%
-f;
^
Nov
.
Oct
.
Alaska
3
200
480
*
1.850
■,
,
2%
3%
3%
7
Zi
6%
9
33
200
9
,
/; 33%
,5%
3%
July
7
Jan
-
1%
Nov
45/2
Jun
5%
Jan
10
Sep
Jan,
37
July
263»
226
4.450
2% July
3% July
.
6%
1% Jan
9%
300
6
500
98c
Jan
Nov
5%' Nov
Feb
1%
9%
1
Nov
2%
200
4%
9%
July
2% Jan
-
class
Juneau
Last
-
Par
Aircraft
Accessories
Corp^
....
Bandlni
Petroleum CompanyBarker Bros Corp common
x„
Blue Diamond
Corporation...L
Bolsa
Chica-Oil Corp...;.
Broadway Dept Store Inc com—
Low
_50C
Shares
-
.
7,%
r
940
4%
.'4%;
2
17%
Jan
3% July
Jan
385
12 Vb
3
1,440
1.80
1.70
17%
17%'
100
290
Cessna Aircraft
Corp
Co..
Chrysler Corporation
Consolidated Steel Coi'p—.....
.100
—1,
1.30
Jan
Jan
15% Feb
18%.
,
!
■
of
America........
■' For footnotes see
page 2219,
—1
45
Jan
27
10%
100
3% Sep
a86% a88%
4%
—5
Preferred
Creameries
61%
61%
12
230
18%
3,155
84% May
9% Jan
4%
4%16%
.26
.10%
'
27
11
1,755
485
40 %
Jan
46
a5 Va
53
5%
Sep
6
6J%
j,;"
750
5%
47
47
120
45c
900
28c
10%
1,350
-5%
2,760
5
Va
a52% a52Va
5%
'
11% July
3%
63
Mar
Jan
5%
Nov
Jun
106
47% May
36% Jan
51%
41Va
23%
310
23%
Nov
27%
501
100
41
Jan
50%
13%
1,440
10%
Jan
15
Va
1,957
West Air,
Fix
1st
6
5%
"
■
a
'
3
Hleh
Oct
Feb
17%
Oct
3%
Nov
100
1,525
22%
41%
20
37%
30%
2Q%
7%
Jan
Co
Jan
Nov
Apr
32 Va
37%
187
34%
Jan
37%
Nov
1,010
24%
Jail
33 Va
July
36%
1,132,
34 3,a
Sep
39
July
5%
250
A—'.
.
5%
Feb
30
13%
Feb
17
9%
9%
2,197
8Vb
Jan
10%
Jun
23%
23%
197
18 %
Apr
25%
Nov
177
7% July
'
15% 115%,
a
9%
"'V'
——
18%
Vf-' '
•
19
2,977
15%
15%
200
26
180
12%
i':r
•
12%
10
•v
•
5%
5%
Zu.''.
,
'
v
"
Sep
20 % Julv
Jan
15%
Nov
Jan
26
Nov
Apr
12% NOV
a
7%
300
5% May
9c
2,000
6c
2,000
1%C
Feb
2%c
7,000
%c
Apr
4C
2,650
2c
Jan
9
Jan
7% July
Jan
2c
.
-
*
'
2c
'
2c
Sep
18
9c
1
.
12
-
350
:
Z'.
.—10c
SanI
11%
Corp——*
Refining Co..
Oil
26%
10c
May
5c
May
3%c July
8c
5%
5
Case
(J
5%
155
5
May
a66% a68 Va
190
56
a30%a30%
75
32
a4%
Vultee
Cons
&
Co
Corp..
45%
150
57%
66
30
Mar
33% July
10
34%
Apr
38% Aug
80
52
45 %
Jan
120
4%
Feb
5
!al4%al4%
87
14%
Feb
18
1
%
1,500
% Feb
y,
Northern
Interlake
Ry Co pfd
Tel
Iron
Corp—
210
50
85
16
20%
Oct
7 Va
Nov
11%
Jan
8%
Oct
32%
Jun
4%
759
7%
Jan
SVa
30% Mar
25 ;•
16
200
165
35 Va
a48% a49 Va
100
43
3%
5%
5%
a8V2
36% July
9% July
10
a8 Va
V
6%
Jail
80
25%
Apr
201
30 %
Feb
7%
395
6%
North
RR.,
7%
Oil
Co..
'
Car
Motor
Paramount
July
Apr
53%
Nov
15%
Jan
35
7%
Jun
21% July
11% Nov
305
16%
230
15%
Sep
600
3%
Jan
425
25 %
May
467
26%
Jan
71
20%
18
17%
5%
5%
26
Inc.——.1
'!
18
17%
*
—
Co...
Pictures,
8%
42
all Va all%
Aviation, Inc.
1
North American Company.—30
Ohio
Apr
124
820
18%
.
American
Packard
,
26%
Pennsylvania Railroad Co—50
Phelps Dodge Corp.—
—25
a23 Vs
a23 a23 V2
Pullman Incorporated
a47 Va
a46 V* a47 Va
a30 a313.4
a30
Jun
Nov
Nov/
Aug
/.
24% July
125
41
16%
257
15 Va
Feb
18
Mar
Corp of America..———•
10%
10%
435
SVa
Apr
12
July.
al7% al8Va
315
16%
Apr
21% July
Oil
Studebaker
—.;*
—
Co
a97% a99VB
V
.
„
89
33%
485
88% Mar
12
Feb
100
22%
13%
a29
.25
find)——
Co
(N J)..^
—
a29
33%
-
33 %
Water
Union
Union
•
50
Assoc
&
29%
Apr'
32
384
Sep
17
100
'
53% Mar
"
17% '
938
97% July
14% July
28
July
31% July
Jun
34%
55% May
13%
Apr
a30% &3l%
58
27%
Jan
31%
Feb
a47% a47%
"160
45 Va
Oct
49 Va
July
»
a35% a35%
75
——
Oil CO.—.—;..
Carbon
3.7
a31
Jan
50% July
.25
Sulphur Co
Carbide
a53% a55%
__
-1
Corp-———...
Company..—
Company
Gulf
.25
_25
May
a27% a27%
a98%
15
...
&
Texas
Tide
Feb
6%
31
16%a
Oil
Texas
19% Aug
19% July
Jan
—*
Company—..—;
Railway Co..:—
Brands, Inc——
Swift
Jun
19 % Aug
Nov
35 %
18%
a51 % a523a
18%
—*
Zo
15
15
—
.—5
—
...
Western Union Tel Co class A—
...
a31% a32V'a
a31%
5
..
a
__
—10
a3134 a32 V4
__
a56 Va
Westinghouse Elec & Mfg Co— —50
1
Willys-Overland Motors Inc—
all0% allG%
50
'
—
United States Steel Corp.
Woolworth Company (F W)
90
"
Corp..
Corporation (Del)—...—.
Warner Bros Pictures Inc.—
825
15%'
a79% a797a
Corp..
Railroad Company.., .100
Lines Transport——. ...5
Pacific
Aircraft
9% May
31%
Jan
34%
Central
Jun
Jan
34%
York
Nov
28%
Corp..
Libby, McNeill & Libby...
.......7
Montgomery Ward & Co> Inc...._——*
New
JUly
53
7 Va Aug
12
Kennecdtt Copper
5
40
Feb
205
Corp——
Oct
1%
16%
United
18% Nov
Nov*
Feb
Mar
3.6%
Oct
May
18
55
:
a28% a29%
a287/a
Jun
May
692
.5%
a41 a4l%
*
*
3%
3%
a38% a39%
■
Apr
*
Tel
&
Nov
125
g
a28
7
—"
Int'l Nickel Co of Canada
July
16%
al8% al8%
Graham-Paige Motors Corp———1
Great
Feb
Jun
1 Va
17 Va
.....
a20% a20%
.^.^,.^.—1
Light
Jun
8
'•
1
&
Nov
a28
16%
"s
•
■
_.C
(B F) Co.
19%
4 Va
».——1
1
Apr
13% May
'75
4 Vs
(Del)————5
A
Power
Sep
Vb July
430
a47Va a48%
*
Zellerbach
Class'
Jan
a35% a35%
a35%
Corp—*
Corp..
Curtiss-Wright Corp
"350
5% Aug
17%
17%
*
Corp..Corp
18% Mar
a33 % a33%
—5
Southern
23 % Aug
Sep
34%
52-
July
32% Aug
15
180
a61Va a61%
6% July
70
May
.
a45 a45 %
/
Aircraft
Oil
15% al5%
a45
—
Continental Motors Corp
Crown
a
July
July
3% May
19 % Feb
30
a23%a23%
al5%
25
Solvents
a4%
a61Va
Company
Caterpillar Tractor
Commonwealth
a4%
a23%
.
Corp;.—..—.5
Co
Commercial
43 %
28
Jan
a30%
12% Aus
163% Aug
Apr
a67%
5
—
Columbia Gas & Electric
:
Jan
3
—
I)
Jan
24%
4
Feb
156%
476
27%
36%
100
Co
Co
25
417
a40
—25
——
Co
Airplane
484
11%. v.
al63V4 al64V4
al63%
—50
Co.—
Borden
a40
-
—100
Corporation
18%
11%
Sep
32 Va
25c
<U!)
Air
27
43%
37%
26
Copper Mining Co
United
95%
Oct
Apr
30%
''
•
'Zi,
Stan
&
July
.
Oct
Apr
36
i'.
pfd—
—
Nov
14
26%
5%
•\
Inc ...—5
Mng Co.—
Apr
Nov
July
6 Va
7%'May
548
32 Va
32%
'
s
ZZZZi
Smelting &
2.00
73
42% Aug
Jan
13 Vb
26%
41%
-
Oct
8%
13%
'
Oct
48c
25%
—-i.'
25%
zz.*
Mining Co
Boeing
Radio
6 Vs
Jan
49%
May
23%
%.'Z''1
■>
Mining Co
Bendix Aviation
Aug
8
7
Nov
Nov
41
'
'
Oct
Julv
5%
Sep
47
45c
'
5%
■
Bethlehem Steel Corp—__
Standard
17%
1.70
480
10 V4
Locomotive Works vtc...—13
Baldwin
2
Range since January 1
2%
—1
49%
45%
i
*
17%
ZZ2
Jan
47
'Hi*-
1
25
A_—
Inc
Refining
Pure Oil
Low
'
Jan
Stocks—
Rad
United
Central, Investment
,v'':
•
May
a5%
"
v
ZZZ.2
Standard
High
7%
J
45
25c
47 %
3 VaC
Nov
for Week
of Prices
Z
2,500
'
1,150
1
Gold
Gold
Gold
9%
Sales
Range
Sale Price
>
32% Aug
48 Va
z
•
—
Standard
STOCKS—
34% July
48%
■
'
.....
Sears, Roebuck to Co.,
Bocony^Vacuum Oil Co..
Week's
37% July
30
Zenda
Southern
Friday
Jan
32% Mar
200
48%
15
,
of. Calif
Republic Steel Corp
.
35%
100
32
3%
•7%
1 y4 May
150
250
34 Va
\u,*r
Jan
•2y4 Mar
2.300
37%
B.——... -.25
pfd
Jan
34%
*
Apr
300
30c
Sep
Jan
*
9%
800
18c
2,000
.
-
Oct
Nov
Corp—..—*
3%
3%
13%
20c
1.75
Sep
48c
Electric
3% Aug
4V4 July
13%' Nov
Jan
90c
34 %
Goodrich
27/s
3 % Jan
2,000
2%c
Int'l
y: i
l3%
3%
7.s
Jan
1.45
Jan
General Electric Co
Oct
31% Aug
2% Aug
Feb
1%
Nov
72% July
62
150
,1% Oct
14% Aug
6% Aug
Apr,
23%
Jan
1,100
-
'■30%
.3% Aug
•
Jun
%'
70
906
21%
Jan
-1%
5.475
200
3%
•
6%,
6%
—
—
Nov
,
■
'
,2%
-1
;
common—
■
775
■
.
.50
B„
Walker & Co class B
f--y.
6%
Z——;
.
Jan
3% Feb
647;
<1
common
Specialties
May
9
13%
3%
13%
-1
—....
4
Jan
17% Jan;
100
33/4
-
-1
Tivoli Brewing common.;—
Udylite common
Union
.
3%
y
_
;
Sep
1% July
36c ;,Feb
Jan
Oct
15 Va
20%
30c
California———.. ...25
of
Barnsdall
.
Nov
':v 6 ;V Nov
Jan
996
5%
?%
.10
B
,
100
30%: 30%
common—
class
•
1%
200
3
1 Vb
60c
32
-
-1
Mfg common—
Simplicity Pattern common—;.. -1
Tube
i-:.'
May
July
27
Jan
Jan
34%
Mining Stocks—
Aviation
65% July
W;:, l Va
Jun
30C
6,000
37%
Ltd—.
Company
Showcase to
Anaconda
7% Julv
4
May.
4Va
55c
21
13
13
Sheller
Standard
Oil
Weber
Armour &
8
22% Feb
v
600
;
1%
2%
21
_1
common
Union
American
14 -n:, 3un
;
Aug
14% Aug
50%
Corporation
A T & S F Ry
NOV.
Nov.
57c,
j
common—;—..
Paper
Scotten-Dillon
Co
American Tel & Tel Co
1,Aug
1% Nov
v.Feb
:
6
24c
Jan
4c
34
—25
Transcontinental &
Amer
Jam
Aug
2% Mar
-
200
;
Z1%
27C
.
River Raisin
•
Jan
Jan
10
30c
A
Taylor Milling Corp
Transamenca
Oct
4 V,
Apr
8
'
Rickel
class
class
Co
Sep
%•: 8% Feb V ..16%
5,025 ;
1%
v3%3%
;?
common—1
common——
96c
115,
.y;, 6
1%
0
:
;
May
16% July
13%
6%
Oil
; > Unlisted
Oct
15
Feb
47c
Jan
33
Feb
1%
Oct,
Jun
May
92 %c
Sep
8%
Aug
Sep
;6%
Jan
1V4 Feb
...
no
o
.
Jun
27
1.35
34'/«
1
ZZi
72 %c
70
■
—
500
20%
■'
ao2 Va
Co
Pacific
Continental
-5
;
.
44c
30c-
Company.——... ZZIi
4%
.2%. Jan
.
'■! 350
3%
>
....
—
Stores
13%
:,
Mar
3%
52Va
••
■400
500
8
.
1.00
50c
common.
Mtl
2.640
14
,
,
296 ;
472
,13y4
21:':
Murray Corp common
10
Motor Car common——-Z•
Parke,
)
1%* Aug
6% July
Jan
12:
100
1%,;
V
Co.
•
Packard
Peninsular
21
.
100
368
Imperial Development Co Ltd.;. ...25c
7% July
c
Jan
-4%
340
5%
K.
y 3%
common.Z-Zl
common
640
61
'
13%
1
common
•
8%
11% July
2% Jan
200
,
14
13-;
common—..———.;*
Abra
Motor: Wheel
■
6T«
■;
5%
Die Casting common.——;_1
Michigan Sugar
3%
•
212
4%
-
-■•i'/fi
McClanahan Qil common-————_i
Michigan
300
;3%3%
•
.
CommoniJ.^..;___>.1—ly
Screw Products
17
1,070
—130
Gas
preferred
Calif
Cardinal
2y4 July v
15% - Jun
•
18%: Jan r
75c, Jan -
200
6
v
61P,
1%
1
(S S) common-.;..-;;;——10
Wines common——2
LaSalle
Jan
850
2.927
;
•6%:,6y4
Products common.;——.1
Drug
4%
-
6y8
t
14
"6%
*
Hurd Lock to Mfg new common
Kingston
Jan
8y4
6%
6%
—ZZZ2%-
Mfg;common
Feb
4%
-
i,
Oct
Aug
4
16c
Corp
Chain
Atlantic
Vafley Brewing Z—ZZZ——I
Hoskins
14%
300
17
13%;- 13%
Graham-Paige common—.—.—1
Grand
300
>. 4
4 Vb
common.ZZ;—.—lO;.)
Brewing
Jan
6
—,1
;
12%
20%;: 21;
0
common-
'510
-
,1% ; 1%
1
Industries common——3
General Motors
Jun
6Vb
20%
..5
Corp common——5
Frankenmuth Brewing
Z-—Z'Z1
Gemmer
1%
9'/2
44%
"
Detroit Steel
Gar Wood
100
8%
—20
common
1T«
.
16%
common...——10
common,
Jan
1%
1
common—
Iron
27%
830
3:%
13Va- 13%
20c
:
—50
V;Black Mammoth Cons Mng Co
160
;
200
34%
—III
common.
61/*, Jan
9%
37%
13y814%
1
Machine————V
Adding
Co
{
9%
100
14 Va
1.40
a
com...
Range since January 1
Low
High
37%
Briggs Mt'g common
Brown, McLaren common
85c
30%
—25
;
Western Air Lines
Shares
53
w'u.'
•
Universal Consolidated Oil Co.... —10
Bales
:
Apr
V-v
—25
Corp
Sunray Oil Corp
:
1.;'
j
h
High
47
49 %
14
—25
for Week
of Prices
Baldwin Rubber common———-.———1
&
Aircraft
6%
j
Exchange
Low
150
1
...
Original preferred
:
Sale Price
49%
' '•
20%
Southern Calif Edison Co Ltd—— Z.25
"i
;
Corp
Service Co
Oil
Oil
Standard
STOCKS—
38%
30%
.
'<
common— —25
Company
Sontag
r,
j
;i,i
So
Range
15%
Jan
16c
—1
Elec
Aeronautical
Southern
Week's
Jan
155
<•
7%
'
Telephone: Randolph 5530
Last
11 %
10
3%
—l
——
Oil Company
....
Oil
Corp common—..
Signal Oil
Associate
DETROIT
Corp
preferred—
Shell Union
Z'
13%
'
Company—.... ._10c
Petroleum
Sinclair
Friday
Jan
212
'
*
preferred
Security
llfember*
Detroit Stock
239
15
82 %c
Safeway Stores Inc
•
Building
11%
49 %
11
.
i
Ranch
Ryah
;
Chicago Stock Exchange
V
ZZi
preferred
Richfield
:i
Watling, Lerciien & Co
Ford
61 Va
a45V8 a46%
a45%,
L»i
..._„u.
30c
Oct
11% May
15
■
Co
Public
: 5%%
Rice
\
New York Curb
Jan
Jan
60%
-10c
&
1st
1st
!Pacific
i
.
52%
8%
70
11 %
«
1st preferred
Republic
York Stock Exchange
634
60%
—10
Indemnity Co—..
»
Pacific Lighting Corp common—
t
Detroit Stock Exchange
Jan
7% May
65% Jun
Pacific
:
•|
New
14 Va
Oct
—
Corp
Petroleum
Oil
5 Va %
!
63% July
13
Oct
Jan
6%
*
Co..
Gas
5%
21% July
a56
40c
9%
100
.—i
Oceanic
j
Feb
16
Mar
550
7
l
•
21% July,
;
1,000
13
7
...
Pacific
10% July
230
a
40c
12%
.....
Aircraft
Occidental
■!;
July
<>.74-
16%' a 16%
40C
1
—
Menasco Mfg Co.—
|
Nov:
25
200
Z—i.
—
Co
Company
Mascot Oil
Nov
,40
.
18%
18%
a
a56
Door
Jan
Apr
a8%
a
,
common——
Youngstown
19%
37%
349
39Vh
,.a8%
Central RR com.
1—W_-_
common——Z——Z—■:.;;*
Z'
Republic
•
a22 % a22%;
—
York
Ohio Oil
U
Rubber
&
General Electric
30
25
.
a42% a42%
_.
Co.
Car
Co
Lockheed
,
.
Addressograph-Multigraph com——10 - r.Z_;
Cleveland Graphite & Bronze com—.1Z;
10
.1
Radio—
A
Corp
Motor
Lane-Wells
29% July
;Z-ZZZzZZZ-ZZZ
,
10
i
Motors Corp common... —10
General Paint Corp common——
*
»
Gladding, McBean to Co..
Goodyear Tire & Rubber Co Com
Hancock Oil Co A comm on
Lincoln Petroleum
Unlisted—
200
—
'
High
13% Mar
13 V«
....
&
class
Low
55% July
11% Aug
13
_
'
2% Aug
22
Stores
Range Since January 1
High
35
General
Oct
15%
Television
Shares
.1—1
Exeter Oil Co Ltd class A
Farnsworth
Feb
21%
Z———.;ZZZZ50
"
Oct
Feb
"
Low
—
Products
Nov
.
Apr
46%
—2
7%
-1%
a46Va a46%
Works—Z*
Refining
White: Motor
14y2
Jun
36
...
155
—25
InC—;r.i—i—Z*
Mar
5%
10%
42
Products
23
11:
64
.
16%;. 17
17
Aug
Jail
20% Aug
of Prices
a66 Va a675/«
—
Corp—— IZ..4
Emsco Derrick & Equipment Co.. —.5
Electrical
34% July
'
160
.
2
22-.1
Bros-
Standard Oil of Ohio.;L_:
Thompson
'■
106 Va
Douglas Aircraft Co, Inc
i
Sales
for Week
Range
Sale Frice
Par
Nov
481
.
15
V-', 2;
18
Feb
31
389
.45
15
.J.—*
Corp
Richman
Jun
1.200
7%
45
—1*
new.——.
102 Va
15
22 %
;••• 714
-
,45"
Tile
Feb
215
;14%
14
7% :
class
National
National
Packer
•
Sessions
to
12%
9
32%
,
22 Vs
'
Kellcy Island Lime
Lamson
85
17
i-
Week's
Friday
STOCKS
Range Since January 1
Low
High >
High
17
.
Last
Shares
al05.% ai05%
Steamship
:
for Week
of Prices
Par
Halle
y
Week's
Last
STOCKS-
__
"
140
60
'
33% May
13% Jan
78%
Feb
108% May
22% Apr
26%
Jun
14
—
July
37
July
16% July
82
July
108% May
34
31%
Aug
Oct
1%
500
1% May
a56 a57%
350
50% May
12%
12 %
300
11%
Apr
a41%
a 42%
80
42%
Feb
July
62% July
14% July
52% July
51
93
1%
ai03% al03%
14 Va
650
a42 % a42 %
136
14
6%
37
2
Feb
99%
Jun
Feb
19%
July
Jan
42% Aug
'
4
20
V-
THE COMMERCIAL
2216
Monday, November 20, 1944
& FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
NOVEMBER 17
WEEK ENDING
RANGE FOR
♦
———
Iioo
Tel & Tel—,—.——-
American
Asphalt
Budd
<E G)
Corp
———
Mlg Co common—
Budd
Wheel
Co--—;—
Barber
Curtis Pub Co
common
preferred
Jacobs
Motors-—
Aircraft Engine
Lehigh
Coal &
General
Co
Sep
Sep
40%
6214
Apr
15%
15 %
1,782
13% May
377
39 V8
Apr
687
51%
Feb
66
July
3%
3%
110
4
Aug
10%
10%
1,847
8%
Jan
4%
4%
4%
96
4%
Sep
5%
Apr
4%
Jan
6%
6%
5%
31%
10
37 V4
common.
37%
38%
19%
20 V4
4,970
1,102
29%
28%
29 %
30%
33
16%
16%.
39
39
39
32%
32%
45%
62%
63 y8
•-
32%
62%
7%
Oct
Nov
38 %
Nov
Chicago Stock Exch.
-
Jan
28%
0
Jan
39
Nov
27%
Jan
33 %
'■■38%
Jan
45%
Nov
53%
Jun
12
20%
26
26
26
31%
V
%
2
38%
Oct
12%
Oct
•
-75
,
Jun
Inv
American
Jan
Bank
Shoe
Nov
Burkart
Range
Sale Price
50
10%
10%
1014
—————-
10%
450
7%
Jan
4%
382
3%
Jun
4
& Electric common-
Gas
-1
Brewing
Pitt
Harbison
Feb
11%
Jan
Aug
13% Oct
18
Jan
23
Nov
Nov
Brewing
:
Walker Refractories-
Mountain Fuel Supply
Brewing
Pittsburgh Brewing
", Preferred
Feb
3%
Jan
5%
20
15%
Apr
20% July
113
714
Jun
10%
17
10%
9
9
1%
17%
1%
51
210
Jun
Stix,
18%
,
Nov
Aug
51
Oct
Jan
14
Nov
124
21
22%
500
40
40%
260
Jun
22%
100
14
RANGE FOR
WEEK ENDING
L
Last
8TOCKS—
Sale Price
T
,
•%
Par
125
25
6%
400
5
100
10
Feb
200
5
Apr
10%
15%
30
13
Apr-
17
24%
10
16
Apr
24% Nov
6,838
120
120
8 %C
1.50
1,800
13c
14c
2,600
18c
19c
15
Jun
21% NOV
860
32
Jan
44
17
20
11
Jan
11%
6
95 Va
100 100%
1.10
321
72c
71c
1.79 Mar
Class
55c
12%
50
13%
13%
100
9
Feb
13%
Nov
35%
35
35%
280
31
Jan
35%
Nov
75%
75%
81,000
92
92
2.000
17c
May
7c
Oct
8,000
lie
-
29c
32c
17c
20c
1
47c
54c
105
105
86c
94c
3.65
3.80
12 %c
16%
71 %C Aug
Sep
107
27%
13c,
1031
28c
3.20
10c
Jan
4.40
23c
Oct
16 Ve
490
15%
Oct
220
26
Sep
100
26
Oct
inc
Jan
13%
Feb
36c
Jan
29
27%
27%
13c
-
lC^s
1,500
14c
15%
15%
150
1.48
1.60
27,100
1.80
1.55
1.85
44,516
31
30 %
31
370
160% 164%
284
10 %C
10 %c 10 %c
798
27C
26%c27%c
151
18% Sep
30
i
....
...
Oil
Porcupine
Ltd—
Proriurts
3,000
17c
14%
14%
4,114
.5
8%
8%
8%
23%
23%
23%
11%
200
23%
66c
.
Jan
•
Bunker Hill Extension Mines--—_
21
it
<10%.,
Burlington Steel Co
OQ
1 FX
1,825
117
117
7
I
'
-
6%
103
22
25
Pacific Ry—————^---25'
Gold Quartz
Tretheway
14%
Cockshutt
Feb
Jan
53
Aug
33
33%
705
32
Oct
34
Oct
13
13%
910
11%
Nov
162
160
162
76
18
Apr
Sep
Sep
8,075
1,545
500
18
18
155
15%
Jan
3%c
1.000
3c
Sep
10%
10%:
.535
93C
5%c Sep
,
3.55
.
Jan
Jan
Corrugated
Dividend
Cosmos
Cub
Paper
9%
,
21
5c
Jan
Aircraft
July
Jun
11.; July.
Denison
Dome
Sep
70
15
450
14% Sep
5
7%
44
370
16
240
8%
Jan
25
24%
25
265
22%
Jan
171/s
17%
■440
12
Jan
8
17%
'
45
40% Jan
29
29
so
25%
Apr
Jan
26%
'26%
26%
385
24 %
43
42
43%
160
35%
16%
25
18
Jan
■
'
"
—
*
*
29
•
NOV.
28
;»
Mar
45
Jun
157
157
"157
5
157%
Nov
17
18%
130
15
Jun
20
Julv
50
49%
50
65
44
Mar
61
6
6
250
68
68
15
72c
72c
■
—
72c
.140% 140%
11%
11%
11%
4,000
5
^
5,055
600
2.10
1,04
'
1.10
700
2.18
600
2.15
2.18
5V»
60c
71
Jan
Anr
133
10'a
1.50
90c,
1.62
8%c
Jun
6% July
Jan
21
85c
Feb
144
Jan
14
,
2.05
■
141% May
2.30
Jun
1.26
Feb
2.50
Jan
21c
Jan
July
July
Aug
July
Sep
Aug
Jun
Mav
14c
14c
16c
14.500
3%
3%
4
300
30c
30c
394
1.28
1.37
2,237
1.15
Sep
1.72
Feb
July
Sep
July
1.32
4%
3% May
17c
Jan'
48c
1.40
1.40
416
1.25
Nov
2.00
2.92
2.85
3.25
27,180
1.57
Jun
3.30
320
11%
Jan
50c
238,394
15 %c
Jan
51c
Nov
May
34c
Nov
•
34c
34c
750
1.41
1.41
1.48
2,800
15
15
15%
82
51
50%
52
1,274
142
141
143
130
1.10
1.13
1,300
88%
10
,
__
■
88 %
88%
21
14
Jan
Mar
12%
12
45c
47C
21
29c
1.33
14%
Jun
2.20 Julv
Oct
.16
38% Jan
128
90c
84
July
55% July
,
143
Jan
2.84
Oct
Nov
Mar
95
July
Aug
Nov
;
■—
19
Aug
21
24
24
100
21
May
60c
60C
300
60c
Aug
24% Sep
70"& Aug
-70c
21
20
1.12 July
Jan
92c
8 300
2%C
3%c
2.000
2 %c
39 %
38
39'4
1.890.
33% Mar
25
—
Sep
Nov
Julv
18%
24%
1,066
24%
89c
—-1
—1
conimon———-*
Mar
10% July
Jan
285
10
9%
Aug
86/a Mar
Jan
43
Canada
—
Seagrams
Mines Ltd..
Sep
15%
67
—
Nickel Mines—
Distillers
70
7%
—•
——1
Box preferred-—100
rights
——
Delnite Mines
40
Oct
15%
funding
Imperial Mills
129/a Mar
Jan
15%
6.20 July
Jan
8% Jun
July
1.40 May
Jan
65
7%
43%
Gold Mines—.—1
Co—
Mining & Smelting*.
5
(Toronto)-.
—i—100
C011 west Exploration
——*
8%
9%
31%
982
Consolidated
Mai-
•70c
78C
5.50
Oct
Nov
561
I
66
•'
.
Mines—_———J—i—•
23%
168.
Jan
1.40
—
Consolidated Bakeries of
145
460
10%
14%
'!MjM '
"1
Consumers Gas
24%
53«C
13%
,
'
10%
36% "r" 37
37
—:—
Wiljans
Plow
Jun
27
5.25
Nov
22
43 %
Mines*—-——1
Lake
—
Commonwealth Petroleum
Coin
Nov
Oct
45,700
117
40
—
Mining
24%
Jan
75c
May
May
100
Celanese
Cochenour
Feb
Oct
61c
Aug
9% July
Jan
19
Chateau Gai
Mar
19
60
281
July
7
May
4% May
50
19
'
'
Class A
Wire & Cable
Chromium
28 %c
f
2.24 Mar
25c
18c
49%
I'J1
Mortgage—100
Jan
50
Mar
3 Vac
18
9%
—
Nov
10
Jan
Sep
8% Aug
5
3.9 %
77c
8%
Wines.———-——*
Chemical Research Corp.——
1
Chesterville Larder Lake Gold Mines—1
17%C Aug
Oct
5%c
77c
5.30
5%
6
class A___„..__——*
67C
Jan
20
1,170
19%
64C
6
.
24%
•
Ltd
1
•
Mines
Buffalo Canadian Gold Mmes
Bnildinp
2.45
'
:
Mines,
Gold
17 %c
22%
19%
Jun
2,110
50
22%
6%c Mar
14%
.
Apr
1.70
23c
13%
Coniaurum
if
10%
23c
i.
m.-—1
Central Patricia Gold Mines—_—
1
Central Porcupine Mines.,———
1
11.00 July
July
9,000
22%
•
British Dominion Oil
Ankerlte
7
110
14c
*
•
10
50
6,640
130 '
1
High
July
11% Mar
25
1.90
23c
:
,
26
10%
.**
Cariboo
Apr
7%
17 %c
100
preferred ___4—————25
Castle
Nov
46%
'
Oct
9
——
Permanent
Canadian
July
July
12c
»'
Distillers
Columbia Packers
Broulan
17%.c
Low
25
;
2.89
31
7%
•
Columbia Power class A-
Buffalo
12 %c
1
Ltd
American
Nov
Range Since January
•
High
1.75
_1
16% Mar
Aug
43V's
Sep
24%c July
"
9% May
5
Oct
165
22c
15,100
Feb
■
—-.1
Brazilian Traction Light & Pwr com.
British
92
Apr
10%
common———*
Preferred ———VE—„_100
Canadian Dredge
*—■—.—*
Canadian Food Products
—L———i*.'
Canadian Industrial Alcohol com A—*
Canadian Locomotive
———*
Canadian Malartlc -—————*
Canadian Oils prefert*ed_^_.r^_2L^100
May
Jan
46%
7%
50
;
^
Bob)o Mines Ltd.;
Bonetal Gold Mines
British
75% Nov
87
1.75
B
Canadian
July
27%
v
8.50 July
265
22%
22
24
Sep
1.31 Sep
21%
.
New
1.04 May
1,275
1.50
Ribbon Corp common....—
British
60% May
24
'
^
Aug
Apr
5,133
15%
160%
a
15c
16
Mar
31 %c July
Oct
12c 13 %C
15c
28%
Scotia
58c
Apr
Jan
3,000
13,050
■
18 %c
Nov
99,600
15c
LOW
'•
—*
Canadian Bank Commerce new ——10
Canadian Breweries common———*
Preferred
—*
Canadian Canncys common——,—*
1st preferred
——_—20
Conv preferred
————*
Canadian Car & Foundry common...*
Old preferred
—.——25:
%c July
37c
5
100
;
Shares
£
Malting
Canada
1.18 Aug
34
26c
143,300
.1
&
Jan
for Week
Canada Steamship Lines common
•'
Preferred —————50
Jun
8%c
1,500
29c
Preferred
Brewers
9%
Sales
Week's
Range
of Prices
common—
Packers
Canada
8.05 July
Jan
5.000 '.
48c
:
76c
5,75 May
185
3,000
Jan
101 % July
58%c Feb
24c
Nov
99
Jan
96
88c
Gold Mines... —1
Mines
——1
Mines,
Oct
15
12%
Sale Price
Foundry Forgings class A.
Canada
July
13%
... —
Bralorne
Sep
25%
Feb
33c
Sep
7.25
lie
1
14c
■
Apr
22c
Montreal new.——-.10
14c
8% Mar
85c
17 %c
preferred.^.—
Canada
7.25
1
——
Canada
May
85C
—1
—
Nov
7.25
new——..10
Bank of Toronto new
10
Base Metals Mining;—— ...
——*■*
Bathurst Power & Paper class A
<•
Bear Exploration & Radium
1
Beattie Gold Mines Ltd——
—1
Beatty Brothers Class A
*
Bell Telephone cf Canada
100
Belleterre Quebec Mines—
—1
Bertram & Sons
...
5
Bidgood Kirkland Gold.—.
—1
Blue
Oct
11%
25% Nov
12% Nov
25
25-yr conv inc—1964
Preferred
Nov
Jan
84
5.425
75c
,
4% July
52
Jan
15c
800
100
,
Jan
10c
615
89%
90c
Nova
18%
9% May
25
Mar
12%,
.15
;
210
39%
25
common...— -1
.10
Edmonton Corp Ltd—
Oils Ltd
Bread
125
7c " Oct
7,200.
13%
90
•
*
1
Eagamac Mines
Bankfield Consol Mines
of
Nov
305
41
''
%C
Gold
of
17 %
12% May
17
21%
11%
Canada Cement common
Apr
58
7,500
1.50
Apr
27
65
8c
12%
—
2%
750
52
18
—.1
Aubelle Mines Ltd
Bank
3%
——„—1
Armistice Gold
Bank
3%
49%
13c
•
pfd._100
Mines——
Astoria Quebec Mines
Aumaque
Oct
July
16%
41
,—
preferred
Canada
High
Low
1.50
1
*
Canadian Oil——
Aunor
Nov
12
11%
10%
NOVEMBER 17
Calmont
1
Range since January
High
Low
8%c
Oil
Anglo Huronian Ltd ....
Aquarius Porcupine Gold
Area Gold Mines Ltd——
Ault & Wiborg
6%' Nov
21
17
Steel, 3s-.„_.^_^^v-~:-~-^^-1951;
Calgary
Shares
of Prices
120
1
—
Copper
Gold
Sep
Nov
13%
15%
Caldwell Linen Mills 1st pfd
Sales
3%
oiU1-----:————
Algoma Steel oemmon—
Aluminium Ltd common..,
Aluminum Co. of Canada 5 %
Arjon
Nov
43
13%
24%
Par
for Week
50%
Power & Paper common—*
preferred • ——^-100
preferred
——100
Ajax Oil & Gas__^—
Alberta
Pacific Consol
Anglo
22%
Apr
11%
;
common
Pub Serv
2nd
Week's
Range
Friday
Aldermac
Jan
Jan
17
common
%;'f stocks—
Canadian Funds
&
7
35%
10%
11%
„5
Baer & Fuller conimon
Scullin
.
Exchange
Toronto Stock
Gas
Nov
11
Last
Acme
2%
13%
Friday
7','t
Apr
45c
LISTED MARKETS
CANADIAN
6%
Oct
—,
——
Abitibi
9%
BONDS—
St
July
51
48
50
2%
Oct
2
Feb
5
35%
2
.20
Wagner Electric common
Aug
100
36
14
Goods common
"A" com
Aluminum
Sterling
Oct
17
.100
Serv
Inv
Jan
Feb
.—5
Metals common-
Candy
Pub
Louis
12
28
35%
1*.
common
Bearing
Securities
Nov
Feb
1%
41
134
51
51
2
14
123
1%
Jan
6%
500
17%
10
common.
Jan
9
50c
320
1%
~1%
Radiator
National
Sep
1414
St
50
6%
Shoe
Rice-Stix Dry
25
17
50
ISO
.100
—
,
Steel common
National
Nov
200
390
10%
common
ser
23
17
:
#
«
Aug
4%
17
10%
w
Corp.—
National. Fireproof ing
20%
19%
.10
*
Jan
16%
4%
_*>
IlO
nil
Monarch common...,.
Prod com
National
2% Nov
1% May
100
200
Oct
19 %
4%
-1
23
„_
common
Piping & Supply commonMissouri Portland Cement common.
Nov
4%
19%
-5
Star Gas.
2%
19%
10%
V
27
23
15
Midwest
11% Julv
.
Nov
30
Brewing
Laclede
Jun
4
2% May "v:
6% Sep
16
19%:
2%
.10
Duquesne
Fort
314
Nat Gas Co common
IDL) Candy——
Oil
Lone
28%
3%
Ludlum Steel
32
13%
Pepper common.
Knapp
Feb
32
Laclede-Christy Clay
2914 July
Apr
Nov
23%
24%
Key Co common., .t
High
LOW
2414
90
.
Nov
46%
13%
Johnson-S-S
High
28
Aug
4
Jan
31%
Preferred
Shares
of Prices
Low
Par
Jan
2% Mar
24%
common—
International Shoe common——
Range since January I
6%
40
5
common————
1936—
Huttig S & D common.4—
Hydraulic Pressed Brick common-
Sales
for Week
Week's
5
:
Bottling common—-— —1
Brewing
Columbia
Dr
100
:<
46%
9
35
Mfg
Coca-Cola
Falstaff
IIIi
35
8
4
4
46%
_
High
Low
High
8
common—— —3
common
1
Range since January
Shares
of Prices
Low
1
common
Equipt
Bldg
Brown
2814 July
v-
.
for Week
Range
Par
15% July
20% Nov
Feb
22%
Last
1% July
Apr
11%
100
Sales
Week's
Friday
Sale Price
STOCKS—
Aug
Sep
370
:
Bell Teletype SL 693
Sep
1%
Jan
2,545
20%
—20
%
t
68%
..
1 % Mar
1
232
12%.
20%
-
U May %»'
1,626
'
38
12%
STOCKS-
Devonian
Phone
CEntral 7600
Chicago Board ot Trade
Nov
192
re,
..13%
Continental Commercial Corp corn-
.
St. Louis Stock Exchange
Mar
32%
242
1%
37%
20
95
1%.
Last
Columbia
Nov
Feb
36% July
Jan
Jan
166
,
%
1%
Oct
100
1 %
.25
10
Co
29%
Oct
34'/a
Oct
25%
%
100
1%
.25
26
120
16
'
Friday
Clark
Apr
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate,:
,
Jan
Aug
Pittsburgh Stock Exchange
Blaw-Knox
21%
New York Stock Exchange
St. Louis Stock Exchange
;,
Griesedieck-West
Arkansas
235
Members
Jun
Nov
;
Hussmann-Ligonier pfd
Allegheny
Aug
2, Missouri
North 4th St., St. Louis
300
5%
23%
55
1% \
1
1 %
„1
Westmoreland Coal
11
29%
Established 1871
Oct
7'A Mar
31%
455
16%
45
Improvement—;
Feb
Edward D. Jones & Co.
.--'I'
Jan
116
246
30%
-i.50
Westmoreland Inc
12%
,18% May.
•
25
—3
:————I—.
United Corp conimon-.———.
$3 preferred
27%
37%
30
.
—2o
Preferred
27%
26
1,698
3,722
26%
25%
117% 118
19%
26%
—.
Nov
Jan
6%
'
.100
2—————~~~
Feb
3
1,260
3%
29%
-50
Jun
7%
314
9
St. Louis Listed and Unlisted Securities
47% July
63 %
5%
—
1.00
May
2,535
7%
8%
16% Aug
45%
6%
—
Jun
Jun
60%
29%
Tonopah Mining
Transit Invest Corp common——
United Gas
Oct
11
Mar
5
440
-50
common-
Paper
Scott
94%
30
IIIII
—
preferred
preferred
2nd
11
55 %
50
Corp
1st
Apr
Jan
44%
1—50
———
.
Jun.
614
12% July
7%
78%
10%
Navigation.
Pennsylvania Salt new com
Philadelphia Electric Co common,
$1
preference common———
4.40So
preferred ———,
Phiia Llec Pow H'/o pfd
Reading
Jan
5
15%
1
Co
Pennsylvania RR
Philco
5%
121
Feb
57
7%
8%
Westinghouse Air
Jan
65c
'300
95c
'High.
Low
,
4%
76
5%
Jan
164%
61
—10
Lehigh Valley RR——
National Power & Light---.———
Pennroad Corp
Standard
Sep
5%
95C
1
—1
Springs——_———1
Brake
*
Steel
Oct
24
26 %
160
%..
—
—
Apr
44%
13 %
Light-
Storage Battery——
Electric
9
55%
—,——,
Power &
Delaware
8%
,
——
Shamrock Oil & Gas common
Apr
Jan
386
89
Co
Rentier
High
1
95
95
118% 118%
—25
*
Range Since January 1
High
Low
v'.." .'.:■;■■ Par
& Bolt Corp—;
Pittsburgh'Screw
18
10
9%
9%
87%
I
■
,
21%
440
10%
9%
■
1—5
Chrysler Corp
Prior
*
_
>
19% July
Jan
156
1,484
-
y
24%
24%
-10
14%
375-
17%
163% 164%
23%
23 %
164
-13
t c_
Locomotive Works v
Baldwin
Low
High
17
;
Shares
of Prices
Sale Price
■:
Pittsburgh Plate Glass—
Range since January 1
Shares
of Prices
Low
Par
American Stores
''
;
for Week
Range
Sale Price
-
STOCKS—
■
_
Last
STOCKS—
Sales
Week's
Friday
■•
for Week
Range
Last
\
.
Sales
Week's
Fr>day
Philadelphia Stock Exchange
3%c
1
5c
Aug
42
"
26
Oct
May
Mar
31% July,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4335
Volume 160
CANADIAN
221
LISTED MARKETS
RANGE FOR WEEK ENDING NOVEMBER 17
Friday
Range
Sales
for Week
of Prices
Week's
Shares
Last
'
;
STOCKS—
Sale Price
- •
'/•
Dominion Bank
Low
Par
———u——!*10
new
18
'
Dominion
'— ■:
Dominion
Stores
■
Preferred
Duquesne
5
1,58§
410
8%
12%
12%
12
11%
12
,2
110
110
-
5
5
—>-*
'
100
Nov
38
Aug
—*v: ■2
11%c
15c
2.40
2.50
14%
50c
53c
7.
7
—
.,100
,
Feb
7%
Jan
104
32c
7c
13
,,- "v.
Jan
Toronto Correspondent:,
S. R. Mackellar & Co.
Nov
11
110
17
10
11
4.50
4.60
Grain
37
-37
37%
Friday
Aircraft
Fleet
5c
6c
5,500
3%
v————
3V4
3%
100
251%
25%
1,059
20
20%
25%
——*
Ford Co of Canada class A
Co -————————•+?
Foundation
5c
■1—■——~A_-1
62c
;
Companies *■*—
Frobisher Exploration ———————*
Gatineau Power common—:
—*
Fraser
Wares
AA Preferred
»;
Mines
Oct
Northland
O'Brien
Okalta
Ontario
Loan
Orange
Crush
.4,7.0
Oct
8.20
July
8'A
Apr
10%
Nov
88
89
165
84
Jan
91
91
Oct
97%
96
.
96
■
6%
55
97
6%
100
T75.
6%
15%.
15%
.
7.60
7.50
7.85
—-1
10c
9%C
lie
27c
22c
23c
4c
.————1
3,500
15c
2%c
3%c
4,000
I V2c
Preferred
35
84%
Feb
95
94%
95
55
Great Lakes
Preferred
Preferred
—
2314
5
5%
180
23
23
255
5¥«,
,A—*—*-* :
——■.***—'*—-4—*%
23
;:-2'—/
■
Greening Wire Co————*.*7—■—~*7'
Grull Wihksne Gold Mines,,
.,1
Photo
Hamilton
'•
200
Hamilton Cotton Co—
Harding Carpets
Hard Rock Gold Mines
1614
17
6
5%
6
'—*,
86c
86c
92c
9c
Feb
Oct
47c
Jun
Nov
75c
Feb
64c
'preferred
4,275
4c
2,000
3 %c
3,300
26c
31%
743
..."
190
90
84 22-;:
•
32
21
22
84
21
72
15 »4
16
11% Jan
17,
18
18%
445
17%
19%
.
Jan
13%
13%
3,321
12%
12
12%
505
10%
Jan
12%
%/.-7;:
110
Sep.
13%
9
July
5,620
35c
2.500
.
23%
23
:
54'Ac Feb
30c
2 145
■
1.00
July
15
35c
Jail
3%c
2.000
3c
Apr
6'Ac Jan
1.950
23c
Jan
41c
6c
4.467
4%c Jun
8c
Aug
11%
12%
6.695
12%
Nov
65c
65c
2.000
1.06
1.12
12.010
10%C
12c
2,500
65c
1.06
—-
-
2.40
2.35
2.48
1.60
1.95
17%
6.25
6.30
850
9'/2C
10c
90c
1,550
5.500
6.30
16%
16
16'A
3%c
3%C
3%C
1.23
1.27
1.30
1.38
27
26%
.27
26
25%
26
1.51
.•
89c
94c
4.00
Jan
17
Nov
Jan
6%c
Jan
Apr
90c
21%
22%
Jan
58c
2,790
Feb
Oct
3.40
1.60
4.50
.
2.75
2.87
10,820
2.30
2.27
2.35
14,250
1.60
Jan
3.50
3.50
3.60
6,825
3.25
Oct
2c
2 VaC
2,500
10
10
100
:
,
21%
.
19% Jan
265
6Tb Apr
%c
2.10
Monarch
—
14
350
42,500
2.00
88
55c
_„20
page 221.9.
15c
6c
3,000
8
2.55
1,210
15
15%
89
3.50
3.60
1.640
3.20
Apr
4.00 Julv
A—
1.25
1.25
500
1.05
Feb
1.25
45c
49c
5,500
12
12%
49c
12 %
.
1.05
,A:'''—■
54
54
-
-
■
25
875
20 V2
-17%
18
56-.57%
.
.
3.300
1,175
1,399
Sep
May
Jun
13 % May
Oils
Preferred
-
Wasa Lake
July
Western
•
Jun :
West
59'Ac Jan
30
6'4
3%
54 A Oct
Worts
&
Ltd
A.Nov
A: Nov
5
Feb
6
3
Oct
Jail
5% July
2.96 Oct
Jan
13% July
2.60
11,800
1.96
10%
10%
590
6.00
12c
77,700
4.70
4.85
5.275
73
75%
A" 1,497
A*:.
20% Mar
22y2
570
1.17
120,750
5'4
236
82
81%
84
220
ls
VA—
128
135
306
79%
75%
'
Jan
J*
Jan
'
1.25
1.11
Wood
——_100
'
67%
67%
105
3.45
..
7
*
7
5.
1,425
*.
,
'
50
Nov
6'A Mai¬
94'A Mar
Aug
2.00 Sep
20'4 Nov
Feb
108
Sep
4c
Jan
20c
60%
70
3.50
—
104
22''2
152
Jail,.
36
,
Nov
1.18 Nov
Oct
15
7,500
105
3.45
pfd-*,—100
80c
1,720
69
.
60c
Aug
4'4 July
47,300
,
—
York Knitting Mills common.**
,A
20'4
104%' 104% A
6'4c 7%C A
104%
,
Mines*.—— •
1.25
18%
.
18%
Jan
69
86
,
May
2.95 Jan
6%
Jan
Jan
5.45 July
Feb
5
———
(Alexander <Sc Jamesi
57%
.
19c
Jan
1.07
Apr
Wrieht-Ha T-?reavpb
4.50
22%
com—
*
common.!—
—_—!
Aug
i—1Q0
Mills
—
6c
5'4
...
Oct
42
1.15
—j..—.1
Jun
32% ,Jan
10'Ac
com..—*,
Aug
8%
Aug
4%
2.70
——————.———.*■
Flour
Jan
18
75
*•
Sep
Aug
A Jan
4.70
Malartic Alines.———-.1
■.
6'4
12
185.,
160,
995
600
lie
Gold Mines...
Canada
Westerns
■
Sep.
6'4
2.60
Western Grocers common
Sep
Jun
1.15 Aug
Jun
6%
10%
Mines, Ltd
Preferred
May
41'4
-*
—
55c
■
%
May
Oct
105
Nov
4.50 July
9% Jun
May
Oct
,
Oct
Toronto Stock Exchange-Curb Section
Jun
.
Last
12%. Nov
29
8TOCKS-
Sep
17 c
Sale Price
Aug
18
Jun
,
Nov
12% Aug
112'A
52% Apr
2,044
-
16%
42
•A.
_*.*?5 '
Walker-Gooderham
July,
16'4
Steel"-
Waite-Amulet
40 'Ac July
.22'A
,
8
/;
A—
50
Class .B
Verrailata
Nov
16%
Friday
8c
90c
Sep
79c
Jan
Oct
24
5
20
2.90 July
17
Aug
8%
110
A 700
.
54 A
7%
Upper Canada Mines Ltd..—
Ventures, Ltd.
—i—
Sep
Jun
A. -A—
-.Canadian
18
38c
65
28%
'28%.
15
40.
110% 110%
1.05
1.10
'//--'*-
class B
.
July
2.55
Sep
27'A
Apr
ttov
1.94
35
Co*—.—,—.—*—!.———.*;
July
7%cMar
2.55
33c
330
27c
Oct
1.96
Nov
V
3.60
:
-
2,000
May
1.25
Jun'
4.40 Aug
16
4%c Jan
1.50
Oct
1.19.
see
3,500
5c
1.45
5c
20c
13c
"
22c
21c
1.50
500
28'A-
77
.12% Jan
750
%c
Jan
2.04 Jan
-100
21C
•9% Jan
68%
50
40,605
Nov
95c
Winnipeg Electric: preferred*.——,*100.
88 Va
70
15
21c
Sep
8% May
Jan
76
•
July
15
Mar
.'Preferred
Wiltsey-Coghlan Mines
99c
Jan
2.81
12%
.
Mar
Jan
5(4
5
61
76
Oct
36c
10%
Jun
30% Nov
,
Mar
Jan
2.24
40
185
Mar
1.70
Feb
2% Jan
420
Jan
Mar
5c
15c
Nov
59c
May
74'A Jan
14
70
23
400
5%c
'14
Jan
Oct
1.75
-
7 '4
14
'15.
59
2.30
For footnotes
6
17c
-
.
A Jan
19
2.61
,
1.12
56
Mar
65c
800.
76
Jan
2.26
_•
■
Sep-
15c
'
:
2.67
465a
1,14
■
.
:
7%
660
2.30
,
12c
,
4
'
2%c Oct
202
30
.
20% Jan
3,400
•
1.25 July
77c
1,200
1.80
'
10
8,500
-
1.35
30
22/ii Aug.:
IZIIJUl'i
Noranda Mines
63
'
'
3%C Aug
1.25
Apr,
Ltd—,III*T~~~5
Nee.ujs, Mines
55% May
1.34 May
3'Ac
18%
20%
18
7%
22'4
50
28
class A———
107
-
Aor
Oct
25
21c
12
Jun
July
42c
3,350
12'A
13c
Jan
115
105%
46c
60c
58-%
-
.
9%
Jan
609
10,500
117,500
United
10. ; Oct
9% Oct
23
Aug
82c
Jan
9%
Aug
30
59c
-
Jun
11c
Oct
46
Apr
12,150
88 %
58
-
.
15
Jan
12
53c
20%
58'A
—I
National Petroleum^,„25c
2,315
2.10
2058
—
•
4,500
19%C21%C
13%
,.;
12,331
24c
12 »A
,,,2-^
1,305
18,000
15c 16%c
Apr:
Apr
5c
60.675
55c
Power,—*
/
59
1.76-
4%c'
88
Knitting preferred ——100
Porcupine
wi—
_„__i,
5,000
21c
.
102
155
7%C
58
14
21
9
1.50
21c
•
.
4%C
16%c
—
Nipissing Mines
575
8
•.
106 106%
__
*
i
21%
'.7%
•
7% Feb
7%c
—
1.55
.
Mercury Mills
*
-Mid-Continental Oil & Gas———*.
Preferred
4%c
59
Mcln.ty.re- Porcupine. Mines———5
National Sewer Pipe Co
National Steel Car
5%
600
222
106
,100
Exploration—,
•Mining Co-»'D..
215
6c
21V4
.
—'> ■:
:.
Jan
8%
8%
V
7'A
Apr
25
67c
.
Sep
July
Sep
-255
25c 25 %c
United Fuel class A
2.42 Sep
3o
.
69
—*—.50
United Corp
July
4.25
1 'Ac Mar
6c
8%
'./■
,i
2.95
.
.
8%
'./ —O'
—
2.12 May
10:
Sep
1.10
25c
Union Gas-
■
1.03 Nov
Jan
"
12
75c
Sep
July
26
92c
Feb
Jun
665
45'A
29%
111111%
_*•:v
:
common———*
■
Jun
Oct
8.75
ToWagmac Exploration CCo—..——1
Sep
28'A
,
-Preferred
.
90c
Transcontinental Resources
1.45 July
Jan
Jan
Oct
4.45
61c
•
50'Ac
7'4
1
Mines
Elevators
Toronto
14
45
3%
1
.100
Gold
Toburn
Apr
2c
5c
22
Jan
63'Ac
/
1
Preferred.
400
3,100
14
.
Thompson-Lund Alark Gold Alines.—'**
—*
..
500
-
A —A
—
2%c
3c
Tip Top Tailors common
6.75 Julv
15c
1.03
20.650
3.85
Jun
Jun,
Sep
29% July
Jun
22'4
25
:
3.40
65c
—
2.75 July
20% July
13%
255
3.85
Jan
Jan
52c
common—.*
Teck-Hughes Gold Mines —.—1
Texas Canadian
5
3.50 Jun
Jan
.
,2'Ac Sep
13
Apr
900
70c
10%
27'4
45
29%
Mines—————i.——l:
Coins
1.08
70c
1.08.
14
.
'1
10%
—
10%
prefex-red
Sylvanile Gold Mines
May
5.70
,,440
115
-
19c
May
2.85
Mosher Long Lac,,,,—
National Grocers Co common
__
35c
Tamblyn Ltd
July
1.20 July
6'Ac Jan
4.000
1.35
Jan
3,000
3c
3c
common....——*
—_—
Oil
Sullivan
80c
14'/a
10.225
90c
"ommon—
Canada
Sturgeon River Gold Mines—
Sudbury Contact Mines
Jun
80c
1,500
1.23
Apr
10'Ac Sep
45,520
17
8.75 May
30c
3,050
1.85
17%
:
iai
Minos
19%
.*
——
Pi'cferred
Oct
Jan
35c
.
4c
106
6c
——1.
Moore .Corn
Steel Co of
25% July
32c
3%C
2;
11%
——,
Montreal Light Heat &
Radio.
Standard
Stuart
Lake. Gold———1
305
—
Steep Rock Iron Mines———*
Mines—..^,-1
•
Jun
July
23
Madsen
Red
27 »4
—
37% Nov
i
27
1.30
Paving & Materials com—*
Preferred'—A-,
Apr
105% 105%
Ma cLeo d - Co ex sr. u t-1 Gold Mines——1
Gold
27'4
Sturgeon.
Standard
Apr
——,1.
775
(N) Co
——•
,-20
End Petroleum A—i—*
May
Red. Lake, Mines
15%
May
14% Sep
1
19%
■
15
Feb
Jan
4'4 Nov
35C
111%
Mines.,
28
"
16.000
*
9.9
,,—20
44c
15%
——*
2 5
„■
40c
common——.—*
1.514
Manitoba & Eastern,Mines—
Maple Leai Gardens pfd
10
Maple Leaf Milling Co common,—
.Maralgo Mines ,1,
——1
7c
30
70c
2,901
poldfields
McWatters
Aug
270
5,000
Standard Chemical Co
Nov
Jan
76C
—
———u—,•
McMarmac
Nov
21c
52c
16
:30
Mines———1
Malartic
Springer
7% Aug
Jan
35c
23%
2
Little Long Lac Gold, Mines Ltd—i—•.
McKenzie
South
6'A
72c
-
Gold
Slater
13 % July
,
9%
35c
"
,
Sladen
100
13%,,,.
2.7%
.
Siscoe
Sep
560,
7%
72c
Ltd———L-—
McLellan Gold Mines————
30
Apr
A—u—
Preferred
/
Aug
15 "4 July
Apr
12
A——*1::
—
Apr
'—rl
class A
—_1
Class- B
-
84% Aug
Oct
13%
'
Segur
Aug
23
100:
■
12 %C 13 %C
_*
Mines—.
—
Dairies
Silverwood
Nov
15%
18
Gold
/
Simpsons Ltd
-
84
:
1
Laura Secord Candy——,———3
Preferred
4
Mines-———_50c
Gold
Creelc
Sherritt-Gordon
Sigma Alines
v
Jun
Feb
Slieep
•
July
Mar
11
11
'
15%
Lapa Cadillac Gold --.Mines—17-
McDougall
4'4
1.25
64c
Jan
37c
1
common,—
Jan
July
3.10
Lainaque Gold Mines———*
Massey-tiarns
Jan
17 % c
9c
4c
Mines., Ltd————1
Preferred
L——
McColl-Frontenac. common
75c
17,700
.
1,000
37c
Labrador Mining& Exploration
—1
Lake Dufault Minos. Ltd.—_A**A——l
Gold
14,972
23C
5c
2.95
*j
Fields
1.14
20c
5c
2.95
Townsite —————c.—A-—l;
Red,Lake
Oct
1.00
•
10c
32%
Lake
Malartic Gold
60c
50c
21%
Kirkland
Mqeassa. Miuos/ Ltcu
May
Mar
31%
Kirkland
Louvicourt
30c
2.92 July
Jan
Mar
21%
Bay Mines—
Class "B"
July
Aug
500
1
31%
Hudson
Lohlaw. Owoetevias class A—
44c
50c
Alining—i
21%
Kirkland
L
Sep
50C
—
Shawkey Gold -Mining—
1— A—*—A*A_——*X
Lcitcli Gold Mines.
50c
2.32
5c
July
6c
■Lebei.'Oro Mines
May
25c
34c
13
32'Ac
Lake Shore
30c
3,000
1,000
May
Mines A———is——i——1
~——
500
35
46,833
10
100
—
7.900
35c
32
Nov
37c
Gold
—•
Gold Wine*..A
2.58
35c
15
8%c
1.295
Jacoia Mines Ltd,———Li-LA-——.A*L
Kerr-nddison
2:45
—
34
1.65 July
,
Jan
34C
Sand River
Sep
—•
»
,
1
2.50
6%
8'Ac
10%
—»
—2—;
100
25
10%
20
Jun
1,670
4.085
10%
22
Mar
1.25
14'4
——l
^
Senator Rouyn, Ltd_
1
89c
Feb
7%
19
July
May
July
1.64 Feb
Oct
4.10
15
5c
1.73
Nov
19
Oct
3.70 Mar
Nov
70c
6
:
3.95
July
42c
90c
500 !
19
9
.
Sep
4.10
55c
Apr
26% Mar
20
50
1,600
.
Jellicoe 'Mines
,
St Anthony Gold Mines
St Lawrence Corp class A
7,100
Oct
,1.35 July
Jan
,San Antonio Gold Mines Ltd———1
:
12c
2'\;,,7%2 7%' :--v.2;
International Nickel Co common
Moneta
—
59c
2.80 Sep
Mar
13%
L25
Russell Industries common——„10
35c
4 %c, Feb
83c
45:
14 >4
Royal Bank new
24'Ac
7%
International .Petroleum
"1.25
Jan
1,027
* '2:2"
International Metals common A.
Jason
1.29
37C
(John)
120
Nov
6
Jun
4,000
inspiration Min & DeveL————1
International Coal & Coke
—1
..
83c
10,900
preferred
Inglis
6
43c
6c
Gold, Mines————w*—i——_i31
30%
Hudson Bay Mining & Smelting
—•
Hunts Ltd class A
—*_i,,,—-*'. .2-.'—17
'^'2.4,."."; - 18
Class :B--—**—**—,—A*—*:
Imperial Varnish common,
3,200
90c
6
1
10
57c
,
,
1.10
90c
A
..
-*
1114c
5
Huron & Erie common
—;
100
20.',< paid
—100
Imperial Bank of Canada new——10
Imperial Oil ————I;—
Imperial Tobacco of Canada ordinary-S
90c
—
i._
20c
Rouyn Merger Gold Alines—
28c
Howey
•
4.50 Aug
12 %C
41C
—,1
.—'
2.08 May
1.03
—
58C
—•
OIL———-—
■' Homestead Oil & Gas.
2,750
3,600
•
■,A-4'4
IIV2C
Highwood-Sarcee Oils ———
Hollinger Consolidated Gold Mines
*4.00
1
35c
5VaC
3.80
Quinte Milk Products—
27 Vac
;
3.05 July
4.00
—*
Nov
17
Nov
Jan
—1
—u—_—^
Roche Long Lac
%C
—
Hasaga Mines.—1
Heath Gold Mines
***«i———I,
.
14% May
4% Jun
5
1.84
1
Jun
6%
Jun
1,610
.
Riverside Silk Mills
6V2C
Oct
-35c
27
Harricana Gold Mines————————1
■
.
4%
1,085
10,740
1
>.
Oct
10c
44 %c July
Jan
4.
1.13
Mines ..i———1
Quemont. Alining
28c
2,60
1
Gold Mines
Queenston
14'Ac July
Jun
3%<? Jan
510
Oct
1.50 July
1.7»A
——
Quebec Gold Mining Corp.—
'.
7c
Nov
70c
101
1
Dome Mines—;
Mica
Purely
Feb
July
1.15 Mar
1.06
Metals of America—;—-——1 ■; -■:•**.-
Prospectors Airways Co_—
9%c Mar
Jun
5'Ac Mar
2?8c Jan
45c
91
2.55
'
90
—* '
—
■
16%
*
*
Mines————————-1 ;
Harker Gold
3c
5%
9% Oct
20c Aug
1.07 Jan
17'4
1.13
Preston
Oct
4% Nov
2.60
*
—
East
Jan
109% Mar
Jun
24,425
5
70c
,
Aug
Jun
6%
8,000
38c 39 %c
4%
May
32c
1
Mines
Rouyn Gold—.
_1Voting trust •
———1'
Corporation of Canada————*;
Premier Gold Mining Co™—'
,_l
Pressed
July
3%C
7'Ac
38c'
*
Oct
4.50 Julv
12 %C Aug
40c
Aug
600
4%
1
Power
July
Co—*A**
Bridge
*.
-Mines—
Gold
Jun
9
5%
Swayze Mines
Gold Mines—-,——-1
Hftllivvell
70c
70c
■
—J
Engravers & Electrotypers
Jan
13
.
Mines
Powell
Sep
5%
Mar
Gold
Gold
Securities—
Pioneer Gold Mines of B C—
Jan
25
Jan
Malartic
Credit
Pickle-Civw
Aug
40c
6,500
18,200
145
13,936
29,200
53c
Perron
Jan
5%C
3%C
'
16c
45c
Jun
Jan
5c
13 %c
Mar
17c
5%C
9%
.
—
52c
6'Ac
25% May
May
6%
914
9%
-
5% Nov
17c
3% Aug
105
100
6'Ac
Aug
870
4%.
108
Peoples
15c
7,925
4%
Paymaster Cons Mines Ltd——
II
26C
106'A
4%
.
Oct
40c
7
106%
*
;
Partanen
2Vac Jan
8%
42c
50
Company
common
Oct
100
8%
200
42c
Deb
Aug
500
24%c
45c
Oils
17c
11.512
8c
25c
16,525
10c
12%
8%
2.22
8c
12%
*
—I
2.00
8c
56'A
3% May
19%
2.10
Mines-—
Oct
1.37 Jan
65
8c
1
Gypsum Lime & Alabaster——
Halcrow
20
44,900
Jan
Sep
10c
6.830
12%c Aug
6% Jan
3% May
555
1
Mines Ltd——
Gold
Gnnnar
: -,-Home'
105
5%.
514
23c
100
101
6%c Feb
22%
20%C
87c
Jan
1.02 Aug
5% Nov
Apr '
4
95,645
1.30
7c
52% Mar
5%
v
Common
■
173
1,000
23%
Paper vtc common
.**
t c-
■
56
9V2C
20'Ac
1
—
■
99
18'Ac July
7%c Mar
9%C
56
50
—
—
14'Ac
1.25
■..
'
Grandoro Mines Ltd-—
12 %c
11'Ac Feb
July
1.20
140
7c
July
3J/4C
13 %c
High
,
4'4c Jan
1,600
•'
38c
Jan
3%C
————*1*1.7
Goodyear Tire & Rubber common
*.
Co
5
5%
13c
Jan
3,200
13,400
45c
92c
90c
4%
5%
10% July
.
Jan.
5c
3,880
90c
4%
43,c
1.99 Mar
16 V4C May
11c 12 %c
22c
11 %c
50c
100
103% Nov
-3% May
5c
7,820
1.28
100% Aug
8,700
65c
Page Hersey ;Tubes; —.-—*
Pamour Porcupine Mines Ltd
-—*
Pandora Cad iliac Gold Alines. v.w—1
7
Aug
17% Aug
13,000
25c
Sep
62c
*
:
; Pacalta Oils
•
Pacific Oil & Refining———*
Pacific Petroleum -^*----2—
^L.
May
11,500
Preferred.-
-
II.%.,Feb
.
5
1,445
103% 103%
.
.
V.
Mmes.
Oct
410
8c
"
—
x————
O'Leary Malartic
Gold
Low
High
6c
65c
common
Mines
Range Since Jannary 1
Shares
7%c
—J_5.
Sep
80c
34
:
-
Gil
Nov
20%
Jan
Star
Jun
26%
1
——
Feb
4
15% Apr
Oil
'Preferred-.
.7'Ac July
-
1.050
Eagle Mines
_——*-L
Uolden Gate Mining————1
Mining
Canada
North
5.40
Gold
Goodfi«h
Northern
Jan
Jan
10%
God's -Lake Mines Ltd————-•
Goldale Mine
Aug
5V4
Apr
33c
Corp Ltd
88
Oct
30
Alining
39
Oct
Oct
23%
'25
—I
Lake-Porcupine Gold
2%
Normetal
88
—————100
Giant Veliowknife Gold Mines
Gillies
.2
"2
-
Sep
10
common—*
—,
4c
130
34
'
'
,
Nordon
5.25
preferred ———————-100
A'' 5%% preferred .——————100
General Products Mfg class A
—*
Steel
'34
Jan
2%'Nov
60
Oct
2 10%
-
General
•
■
■■
;
8,200
60c 64 %C
2,1,
.
■
5%
-
—
,
Gold Mines———-i.,,—•
Francoeur
~
Sep
Sales
for Week
Low
Far
'.
ll'A
Apr
27
50
100
—
.
Federal Kirkland
180
3
71
A','
Sale Price
•
38%
"
Week's
Range
of Prices
Last
v'1stocks—-
Nov
6.00
Apr
Jan
3.10
755
3
71
*
common—
Preferred
^
"2
1,295
■
7
'
29
Toronto Agent:
Lampard, Francis & Co., Ltd.
15% Mar
NOV
-
6
17
LI
Fanny. Farmer Candy Shops-
'■ 7
•;
10%
10%
Washing Machine——.
Investment Trust—"——25
Fa icon bridge 'Nickel Mines———*
Easy
Economic
Federal
50
s .7■
Telephone—-WHitehatI 3-0852
Montreal Correspondent:
Oswald. & Drinkwater (M-MC-TR)
(TR)
63'Ac Aug
Oct
'
'Eastern Theatres —-——;*i*——1
Street, New York 5, N, Y.
2.70 July
Apr
••
36c
May
15c
May
I.06
12,200
;
30 Pine
-May
32
Jan
Retained by Us
Member Montreal Curb Market
12% July
115
Sep
'
'9' Jan
-(■
Nov
12%
"Blocked" Securities
or
Willis E. Bumside& Co.
/ 9% July
;
Apr
9c
..
14,315
U4V4
,
__
;
,
.132
5%-
,2
-
120
Apr
9%
4,700
"118,270
2.41
East 'Sullivan Mines,————•-—-1::
7
10
19V2c 19 %c
2,
13c
—
Nov
For "Free"
American Engineer of Wide Canadian Experience
:
7%
12%
Mines—1
Eastern SteeT Products
..
Nov
Mar
and Industrial Securities
Commission Orders Executed in U. S. Funds
12
'
«
,*
On——
Crest
Eastern Malartic
15
98
10
38
.
65
1,175
'
iiiho*,
13% Sep
31
98
38
38
:—A—u——~-1
—
Sep
9'A July
July
26% Aug
July
9% Jan
98
L—_100
Dominion Woollens common—-
7
580,
v
——*
—
19%
Oct
21% Apr
265
••
15
Dominion Tar «fc Chemical common—*
■
8'
11V4
24%.
'
Investors pfd—50
—;
25
*_„*—
■■
14%
.
Dominion Steel class B
■'
8
15
100
Dominion Scottish
.
.•
ll'A
23%
—
Dominion Malting common———-——*
„_
i
■
24%
■■■.■
commont———
Dominion Foundries &.Steel com,:
•„;' Preferred
17%
1.349
'
———'
—A——
Dairies
Dominion Fabrics
I8V2
18
Canadian Mining
Range Since January 1
Low
High
High
Sep '
July
1.89
Jan
2.80
Jan
60% July
Feb
Week's
SaW
Range
for Week
of Prices
Shares
Range since Jannary 1
Par
British
Brown
Columbia
Co
Burns., Co
.
Class' B-
& Paper
Low
com—
19
19
100
14% May
—1
Pulp
2.25
2i25
100
1.40 July
1
38
38%
167
common
Preferred
2.17 Juiv
48 'A
Funds
—
.
class A*———A—
:
;
;;i4
13'4
Hinh
14
8%:
7,pir
;
'
45
86
28%
Apr
12
' I
Sep
7 "4
Sep
High
19
Oct
2.45 July
40 % Sen
14
Nov
8% Nov
"
THE COMMERCIAL &
2218
LISTED MARKETS
CANADIAN
EANGE FOE WEEK
Friday
Sale Price
8TOCKS-
Bruck
Mills
Silk
Canada
Westinghouse
11
200
8 :,/4
11
Nov
2
400
55
20
8%
8%
9
31c
31c
Hayes Steel
20
77
Nov
40
12 %
Feb
18
Jan
45
24%
Jan
30%
Nov
Oct
10
Nov
9%
10
50
1.25
1.35
3,875
153/4
16
200
13
11 %
11
11 %
3,225
10
3
Paper—,——
Ontario
common..———*
Osisko Lake.
a,.;*,*——-L
Pend Oreille .Mines
—1
3
25
Silknit
Bros-.
Nov
77
77
.15
30%
77
9%
—.a—
&
Minnesota
Mar
41c
Sep
15
*
Gas—_
&
9% Aug
5%, Jan
25c
Nov
56
Jun
16
Oil
25/bC July
May
30 V4
Donna conna
Foothills
1.80
2,915
77
*
——-*
Steel preferred
Apr
51
2,324
31c
-*
——*
Aircraft preferred——.100
Dominion .Bridge Co—-
Price
Nov
—..
deHavilland
Ontario
11
2
-——
Consolidated Paper
Disher
7% May
55
Co—-X
Canadian Marconi
Dalhousie
170
"
11
—"
Vinegars
Canadian
11
11
25c
1.31
19
Sep
12% July
25
Nov
49c
Jan
1.10
Aug
3c
Jan
Feb
15c
800
30%
24C
1.30
1.72
Sep
Apr
31
21% May
Sep
—-—,—
Common
20
—*
——~
410
19
Oct
25
41
50
20
Mar.
41
Nov*
45
0
ordinary w
20
41
20
——*
Southmount Investment
Supertest Petroleum
Par
Low
#
.
6t
Lawrence
C
Corp
common.
preferred
A
ass
45
25
27%
Apr
45
.Nov
...—
Sep
Montreal Stock Exchange
~50
Mills
Flour
Lawrence
*-
Preferred
100
*
100
:
—
98
Ltd
Aluminium
—
pfd
Aluminum Co of Can
Corp
Shawinigan Water & Power
Bhenvin Williams of Canada
Preferred
Preferred
93
*
_
;
11%
Twin
16
163
163
—
23%
2,492
19%
233
2
2
350
11%
11%
125
18
18%
345
8%
9
1,356
-a—
—
Mills.———
18
Building Products class A..—
—
Foundries
Iron
19%
common...—
new
14
preferred
New
Power
Canada Steamship
preferred
,
'
'
;
•
Preferred
Cottons
West
——_—
Glass
11 %
24
Oct
Dominion Dairies
Preferred
notes
Commerce
new
Scotia
_
new—
10
—
5 %
New
Toronto
14
Jun
Jan
11%
Jan
20 %
July
Jan
9%
Jun
103% May
18
Jan
21
15
Jun
12
STOCKS—
V'-'V
■" :';/
1
'V
,
:
■■■'''
■
Aug
Abltibl
12
July
6 %
9
Jan
7%
&
Power
>_•
Paper common
Jan
8%
preferred
preferred
7%
2,280
Jun
British
Columbia
200
41
Jan
45
Mar
Brown
Co
24
Nov
17%
Nov
5%
24
24
750
23% May
16%
16%
543
14
8
Apr
25
Jan
10%
402
26%
125
42%
175
Mar
10'% July
Feb
28
Preferred
Canada
Packers
—a
—
—
Canada Malting Co Ltd
Canada
Northern
Starch Co
Jan
45
Jun
Canada
Jan
24
Feb
Canada Wire
Oct
27%
Oct
Canadian Dredge & Dock Co Ltd...
26%
150
25%
Sep
26% Nov
35
36
6% July
6% July
68
68
15
11%
1,248
12
12
52
1,845
74
Sep
Jan
|
10%
100
51%
..it
Jan
27
14
July
11%
July
14
Jan
39
,
Jan
55% July
32
32%
167
27%
Jan
32%
Oct
37%
37%
5
29%
Feb
38
Oct
32
39
38%
39%
30%
30%
30%
12
12
7%
8
22
8%
11%
163%
120
9
Jan
1,165
12%
Jun
110'/a
Sep
104
Apr
68
Apr
164
47
155
12%
21
955'
8
585
3%
Jan
1,150
14%
Apr
100
7% Mar
6%
2,155
12%
Apr
15% July
12%
1,041
10%
Jan
13>/« July
7%
500
7
99%
255
96
Mar
Jan
7%
Oct
Jun
100
18%
130
12
Jan
18%
Nov
28%
85
22
Jan
29
r,
28
Apr
35% .Jun
14%
Apr
23% Aug
32%
573
22%
2,001
97
116
76
Jan
97%
Nov
21%
483
19%
Apr
22%
Jan
23%
65
20
Jan
110
30
106
Mar
26%
370
16%
2,085
16%
27%
Feb
23
,
Jan
26%
Ausr
13
Jan
16%
Nov
'.
15
13%
Jan
16%
Nov
40
16
10%
Feb
16
Nov
Nov
61
Oct
60
60
75
9
810
8
Feb
9%
Jun
& Power com ^100
7%
310
6%
Oct
9
%
Jun
25
220
Jan
27%
Jun
21
1,155
40
20
-
16
18%
Apr
22% Aug
35
Jan
40
Nov
20
32
19%
Sep
24
Jan
19
300
13%
Feb
19
Sep
38%
481
33
Jan
38%
Nov
44%
100
40% May
46
Sep
18
1,610
13%
Jan
18
July
56
57
445
48%
Jan
60
July
-100
__
•
6
30
—
Power
2219.
-100
Feb
27%
Sen
13%
Jan
17
—
;./•
High
Apr
2%
5,617
43
51%
8
July
Nov
51%
2,574
27
Apr
120
120
50
60
Jan
120
91
91
5
90
Jan
92
23%
23%
555
20
Mar
23%
Sep
24%
25
255
23
Jan
27%
Jun
2.25
3,020
-I-
"
•
1.55
Nov
Jan
2.40 July
Apr
Sep
40
38
38%
426
31
May
22%
22%
1,065
20
Jan
23
49%
49%
25
43%
Jan
51% Aug
88
73
73
Nov
99
Jan
11
May
80
Oct
'15
10%
10
'-//■• 5-
Jun
9
109%
Sep
*18%
18%
20
15
160
160
132
145
May
40c
40c
15
2
2%
1,530
110%
Feb
19% July
Jan
,166
Aug
50c
50c
23
*
7 '/<!
cum
pfd a—
—_—,.100
Canadian Westinghouse Company-—_*
Cassidy's Ltd 7% cum pfd——*--100
6%
1,305
Catelli
—
Frere,
&
47%
Jan
57
Aug
93
Feb
100
Feb
100
870
10
Sep
12
15
15
115
13
Jan
15% Aug
4
25
.
*
'
30c
300
10c
Mar
60c
Sep
25c
130
12c
Aug
31c
Ofct
/; 3 Ve
3 %
350
"A"
Limitee
Malting
Dominion
20c,
8
Jan
40c
Jun
9
v.:',.; 46
8%
Nov
13
Sep
8%
9
5,642
5%
Jan
23 %
23%
10
60c
65c
500
17
17
17
—.*
—*
9% Aug
24
Mar
22
Jun
60c
Apr
1.00
25
16
Jan
18%
35
24
Jan
33
Jun
50
13%
Oct
15
Nov
37
615
28%
Jan
37
4%.
300
3%
Feb
7 Vu
27
27
V
15
15
;
common——
—„
15c
Apr
J.
••
Oilcloth & Linoleum———*
Dominion Square; Corp
7% May
Jan
6%
6%
20c
8%
'
37
'
Dominion
.25
3% July
Jan
2%
6%^
23%
Engineering Works Ltd
Jun
24 %c
—*•
a
Jan
4
2% Mar
: 30c
25c;
,-5
.
Imperial Mills Ltd...a—
Corp Ltd
—1
Dominion
100
4
Aircraft
David
310
11%
Alcohols Ltd common.—*
'
Jun
Jan
56
56c
<
100
Consolidated Paper Corp Ltd .a*—__—1*
Cosmo
67'2
7
10%
2.50
Cub
Jan
■
100
Consolidated Div Sec "A"—.———*
Preferred
Oct
31
common.——*
—2—
Preferred
Mar
4
10%
—La..—...a—.aa—-*— _■,
Commercial
70c
Jan
54
15
Advt
Gen
Neon
Preferred
2% Mar
Jan
40
Ltd...—
Co
Knitting
1.85
55c
common—
preferred—
cum
Claude
common
Products Ltd
Food
Celtic
Ltd
Vickers
Canadian
2'4 Mar
Jam
40c
50c
—
4%';
'9%
*
s
4%
Apr
10
Nov
15
Feb
Nov
Nov
July
7% cum pfd—100
Fair child Aircraft Ltd————5
Fleet Aircraft Ltd —a,——*
Ford Motor of Canada Ltd A—f
~*
East Kootenay Power
Lake
Sep
3
May
Feb
3% July
4
Jan
3%
387
23'%
Apr
26%
Jim
65c
350
25c
Feb
65c
Nov
32%
34
1,179
20
Jan
34%
Nov
25
96
Nov
96
96
4%
4%
50
23
23
30
2%
100
5%
Jan
Sep
Oct
JUI)
23
Nov
19 % Aug
24
Nov
21
Oct
18
'
24
10
20
20
238
16%
Jan
21
21%
685
18
Jan
8%
9
105
17%
17%
10
5% May
13% Feb
22
Paper——*
.21
MacLarcn Power & Paper Co.,——— *
Maple Leaf Milling Co
2
450
25%
32%
cum
St John Power &
475
3%
preferred...—.—
20
International Utilities Corp com—aa_*
5%
2 %
10
,60c
Ltd cl A..*
(Can)
80
25%
25 %:
Ltd———*
Eraser Companies, Limited-——--*
Freiman Ltd (A J) 6% cum pfd—100
Foreign Power Sec Corp
International Paints
2,098
'10
2
:
10
10
9%
Paper' Co Ltd———*
Douuuconu
Ltd common—*
23% July
/'
9%
"A"
Preferred
Oct
'17'a
Nov
Maritime Teleg & Tel Co
Ltd.-—;
106% 106%
2nd
Nova
cum
Corp
4%
Feb
28%
.10
24
Feb
8%
10
7
Jan
57
57
100
140
7
—-*
—*
Investment.—a
Securities
United
Can
11 %
1,515
12% July
2
5
Oct
2
Nov
3t)
19%
Nov
20%
Nov
10
10
10
Nov
58%
58%
45
46%
Jan
59
Sep
73%
73%
10
73%
Nov
77
Aug
1073% July
109
July
.
.
108%
10
109
1.65
10%
Oct
33
+
32
33
Nov
39
Apr
42
2,857
20
July
42
Nov
94
.
33'%
34
1
41%
94
5
Feb
98
Sep
22
Apr
92%
20
20
25
20
Nov
5
5%
120
5
Mar
103% 103'%
28
103
20c
20c
1,826
3'%'
3%
84
'
84
.
20c
^Limited—*—-.—100
pfd—,*
;
■6%
-28
Jan
May
17c
:30c Mar
5% Mar
30
2
Jun
78
Aug
87.
6%
May
Nov
100
6%
;28
5'
Sep
106% May
25
"
a_*
*.
Manufacturing
Woods
Sep
10
Aug
20%
2
Floujr Mills Co Ltd
Hotel
Windsor
Nov
Jan
10
Sarnia
Soufchmount
Nov
8%
8-%
Sangamo
Western
3
7 %
22 Va Mav
20%
—
Co Ltd.1——
*
Bridge Cdlnpany Ltd——a—*
Southern Canada Pwr 6% cum pfd.AlOO
1.50 Mar
175
11
preferred.*
—100
G%n*fc part 2nd pfd.._A50
Preferred
107
425
——<——*
Quebec Pulp .& Paper pr
Jan
3
8%
Ltd
—*
.Scotia Light & Power Co—*
6%
Jan
103%
8%
*_
new——
pr
.
'
Cornoration
Moore
Apr
19%
25
72
.
.2 %
Limited common—*
Preferred
:
10
Minnesota & Ontario Paper
*
Montreal Refrig & Storage com vtc..—*
163i Aug
15%
300
,/
21%'
'.21%
.It-
Melchers Distilleries
'1st pr new—
16
16
10
Massey-Harris Co Ltd 5% pfd.
10i»
McColl-Frontenac Oil 6% cum pfd—100
.
4%
Jun
100
27%
Jun
30
July
Jan
31c
July
July
Jun
100
8%
49
Apr
5% Mar
28%
9
Nov
Mar
Mines—
Aldermanic
Arno
Mines
57
Nov
Aubelle
140
Nov
Copper Corp
6
998
8
Jun
2,105
19
Jan
31
Aug
Bouscadillac
80
93
Jan
101
Aug
Bralorne
12
May
14
Feb
13%
160
105
105
36
5%
99
Jun
Jan
105
Nov
3c
-l
Mines
31
6
Feb
Gold Mines
Mines
Ltd
15C
18 %c
,3C
500
2c
Jan
5c
45c
45c
54c
29,450
39c
Oct
69c
87c
87c
93c
5,700
71c
Sep
8c
8c
1,000
5%c
Oct
8c
8c
1,000
4c
Jan
14%
14%
200
11%
Jan
—
100 100%
20%.
130%
2,000
19c
19c
Ltd
Ltd——1
Aumaque Gold Mines
Bekufor Gold Mines Ltd.A—
13%
•
...
23%
50
5
138
8%
330
15
5
28%
'
27%
15
'
•
Ltd common
page
27
•
57
Canada...
3%
Low
High
,3%
Range since January 1
Shares
5%
Power
17%
...
__
for Week
18%
——a—
Mar
113
56
u
..
Sales
Week's
Range
of Prices
.
Oct
19
*
common
❖
Oct
July
20
■
m
_
see
20
32
17%
•
—
...
footnotes
Jan
44%
.
preferred
Fnr
13%
,26% Mar
38%
■'
Corp.
preferred
1,495
23%
■
25
common
Paper
Jun
13
20%
20V2
-
•
common
Ogllvie Flour Mills common
Quebec
Jun
40
-m
Ottawa Car Aircraft.
Rolland
10
1,185
'
commo
Noranda' Mines Ltd,-..
of
Jun
7%
-
1
Price Bros & Co
Jun
6%
60
-100
Preferred
9%
May
8%
*
Heat
Apr
5
•
20
16
....
Electric Rys
Nov
31%
16%
3
•'
Products
104/
Jan
26%
...
Car
17% Aug
8
23%
—AW
Breweries
Aug
109%
•
•
.a—25
...
Sep
Nov
Apr
16
i
26 %
Tramways
Corp
Nov
90
97
23%
*
—a—.
Preferred
5%
16%
Jan
21%
97
*
Telegraph
Oct
Jan
8%
35
y
Nov
5
20%
32
*
common
Oil
Murphy Paint Co
Power
■
5
20%
(Johii A).
(Robert)
Penmans
Sep
18%
——
Light
Sep
22%
99%
32
Montreal Lt Ht & Power Cons
Ottawa
14%
Jan
28%
if
Ottawa
May
20
216
12
28%
————_MOO
Steel
July
7%
—
McColl-Frontenac
Oct
15%
27'%
-
Funds
Paper Inv Ltd com.—*
Power &
Can
Nov
9
20%
.13%, 13%
12
£ 1
—
Ontario
164
31
13%
——*
common—5
Paper common—a—15
—:
——.100
Steel
Feb
6% May
2
8%
Feb
74
18%
31%
*
__
Nov
Jan
20
10%
12%
8
4%
20%
Corp pfd—100
common—a——*
-a—-—:
25
Massey^Harris
National
Jun
July
9% July
Apr
25
12%
common——*
preferred—Mack Steel preferred—
National
24
Apr
7
104
Ltd
Montreal
July
201
21
Int Nickel of Canada common—.
Montreal
Jan
10
17%
160
Mitchell
14
73%
8%
12%
31
1,164
.
110% 110%
164
Jan
Oct
4Va Mar
510
11%
73
23%
10.
12%
41% Mar
11 %
340
484
22%
12'%
11%
j%
7%
Feb
33%
1,288
103%
Laura Secord Candy—
Nov
Canadian Marconi Company—1.00
10%
legare
Oct
27'%
Canadian Internat'l Inv Tr common—*
Jan
10%
Woods
tJ4%
100
v.
Jun
Jan
Feb
5
10%
the
774
27'%
109% 109 %
5%
50
Lang & Sons Ltd
15 '/8
27%
•
A'A.
,
24%
175
Lake of
Sep
160
0
50
11% Mar
common....
,20
14%
100
pfd
100
695
Power
6 % %
450
85
Preferred
Ltd common... -100
& Cable
32
7%
International
Sep
30
258
'
6%
511
Co Ltd—
18'%
29
88
6%
310
Petroleum
Oct
Oct
29
A.A
Canadian Industries Ltd class "B".
5%
Preferred
Sen
19
610
"
*
26
8%
International
Sep
15
15%
50
.
38%
pfd__ IlOO
7%
Power
22%
7%
—
15%
Sep
Sep
14%
532
.
22%
•
86
5%
Preferred
Sep
14%
18
85
15
15
2.25
«
150
8%
International
Feb
16
j";
.100
Sugar Co_.
Dominion
&
23
11%
—a——
Bronze
50%
CO
16
•
6
common—
Acceptance
Sep
15
I--1
27%
5%
International
$1,000
49 %
■■
-:-A*
—
common———
27%
8 3%
Industrial
49%
51
■
Oil Co Ltd——
American
43%
580
——a-
Oct
'
43
————
Preferred
69%
120
'
.100
7%
16
Imperial Oil Ltd—.
Imperial Tobacco of Can
Jan
,
3%
IToo
British
89
Paper
62
low
Belding-Corticelli Limited common- .100
10%
Smith
140
7% Mar
•
18 VB
' Par
Feb
15%
Bay Mining——--—
69
''
V
Sale Price
Aug
10%
Howard
Sep
Last
117% July
"
Apr
88%
Hudson
Mar
5
Friday
32
————*
Lime & Alabastine—
17
296
14%
Canadian
40
*
(Charles)
19% Nov
525
5%
Montreal Curb Market
Oct
100
Hamilton Bridge
Nov
19%
49%
15
Jan
15%
4
a;..'*
Hollinger Gold Mines.—5
Gurd
Gvpsum.
22%
Jan
20%
275
67
27%.
...10
—,
Jan
3%
common——*
Preferred
Nov
29
10
Royal new
12%
-■*
preferred———
V
-
6%
:_,a._a_a.'-—*
*
General Steel Wares
Aug
160
:
Nov
5%
16
Jan
100
Gatineau Power common
145
July
18%
Apr
6
Foundation Co of Canada
.
Feb
150
I
9%
common....^——
_—
■85
50
r
V' 75%
'
26%
Corp
"B"
5
160
14%
31%
27 %
——-——*
———————1
English Electric class "A"—-——*'
Class
135
10
_
205
& Coal B
■
22%
'
_
316
Paper
Electrolux
Jan
Feb
Nov
24%
24
Sep
6%
42%
25
Dominion Stores Ltd
*
Dominion Tar
Chemical common—*
Preferred
——————100
Dryden
Oct
Nov
59
50
57%
160
10
10
new
Dominion
10%
——.
.
11'%
Jan
5'%
2
11
May
415
~~
36%
——::—,a—;.
Preferred
5% July
715
•
:
10%
-*
.*
Dominion Textile common—
9
Feb
59
5%
Aug
'
Dominion Steel
Jan
3%
July
164
:
—
Dominion
7 Va
5
19
*
Canadienne new
5%
Dominion
10
4.
16% Mar
Jan
1.85 May
40
19%
Nov
101% July
Jan
8
9%
-*
Bridge
—-1*
Coal preferred——.—:25
Distillers Seagrams
Sep
9
75%
67
Power
Jan
20
26%
5
a——,
—
Jun
12%
*
'
—
Electric common
Sep
24
———
Crown Cork & Seal Co
10%
76
:
9
<*
Ltd
5
,
Consumers
.12
Jan
135
9% May
.
Consolidated Mining & Smelting-
Jan
'
'V
100
Kootenay-preferred
Nova
16%
*
Canadian Locomotive
*
Canadian Pacific Railway—25
Cockshutt Plow
—a-—*
B
-
69
20
12
—_
134
preferred
Class
135
22%
7%
100
common
76
59
6
common
405
—25
new
Feb
69% Aug
; 73
...
Western Grocers Ltd
.10
—————-a'
Canadian Foreign Investment---—*
/Canadian Ind Alcohol common—.——*
.New
Oct
11
Feb
8%
190
10
10%
\
^
'
common-
23
Canadian
143
Jun
63
59
-*
;
& W
G
6%
common—,—<—.•*-
Celanese
Canadian
Feb
128
220
A142
*
4
common
43%
common———*
-a
*
Canadian Canners Ltd 5%
pfd—,—20
Convertible preferred
*
Canadian Car & Foundry common—*
—
2
69 'A
r
:
36%
*
Preferred
preferred
-
Feb
75
'■
*
.■
6
50
Canadian Breweries
New
Oct
13'% May
15
69
12
—
10.%
•——
,
Jan
21%
76
10
common-—-.
16
115
10
6.V4
——
3,584
July
■
a-
Northern
Canada
5 Ho
*
class A _!—,
15%
19%
I100
(Hiram)
Montreal
19% May
56
116 % 116%
_•—_———*
Preferred
Canada Forgings
Can
*
Cement common——
Canada
Oct
15%
691,4
—25
Wabasso Cotton
Jan
151% Mar
19%
B
65
142
•
.
Biscuit
Viau
Walker
Apr
13%
1,160
22%
Silk
35,
Apr
—
City Rapid Transit common.
98%
8
178
v
I9V2
Class
Api-
46%
'
„
Preferred
98
18% May
267
21
22%
Bruck
32
537
19%
15%
*
common
Tooke Brothers
96%
130
125
A——*
Columbia Power Corp
British
140
62
IlOO
Power
Canada
of
Co.
Jan
89
Telephone Co of Canada-,——.100
Brazilian Traction Lt & Pwr——,—-*
Bell
Oct
34
59
corn-
—
Canada
Southern
Steel
85
160
595
21
& Paper class A
13'/a
Jan
9
98
15%
21
*
——;—
Power
530
11%
*
Electric Corp....
Amalgamated
Asbestos
Bathurst
Range sine* January 1
High
LOW
Shares
13%
90 %
100
Sep
22
Banks—
for Week
100 100%
90%
Apr
34
'
IlOO
A
Hiah
12%
Steel common
Algoma
13
3% July
59
common-
Paper preferred
Lawrence
Montreal
of Prices
Low
700
20
19
'JS"*'
•
104%
Sales
Range
Par
High.
Feb
2'% Mar
Bonds—
Funds
Last
Sale Price
STOCKS—
1,535
3
3
Preferred
Week's
Low
3%
100
50
'
St
tit.
Winnipeg
Canadian
Range since January 1
High
103% 103%
.100
Saguenay Power preferred—
Wilsilg
Friday
Shares
Feb
1.45
Sep
Jun
lc
1,500
1,30
30%
9%
1.01
Sales
for Week
Range
of Prices
High
Low
High
Low
Par
Last
Sale Price
Range since January 1
Shares
of Prices
Week's
Friday
STOCKS—
for Week
Range
Last
ENDING NOVEMBER 17
Sales
Week's.
Monday, November 20, 1944
FINANCIAL CHRONICLE
*
~1
__1
Ltd—1—-—1
—
(Continued on page 2220)
.
93c
10c
Aug
Nov
July
15%c July
14%
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4335
Volume 160
2219
OVER-THE-COUNTER MARKETS
Quotations for Friday Nov. 17
.
For
Investing Companies
Bid
Fai
Aeronautical Securities—-I
Affiliated Fund Inc
American Business Shares
American
Series
351
1
15.37
2
Axe-Houghton Fund Inc.—1
14.69
Quotations
on
Real Estate Bonds
Ask
'Series' B-4,
15.80
28.54
27.21
29.86
18.97
20.81
9.71
...
'.Series
-
'.
'
...:
'•
10.67
——
;
14.17
■—■' ;
Foreign Investing.lOc
B-l
Series': B-2—
:.
27%
26%
Bid
Keystone Custodian Funds-
4.11
3.76
■
.10
Par
7.71
7.09
IV*
.aAmerex Holding Corp
Ask
—.....
29,91.
Shaskan & Co.
1
'
Series
K-l———.....—
18.15
19.90
Members New York Stock Exchange
Scries
K-2
——.'
22.69
24.95
Members New York Curb Exchange
''Series S-l—,_—'—'
Assoc Stand Oil Shares
24.56
26,99
12.73
14,02
10.42
11.49
:
■
Bankers Nat Investing—
Series: S-2———
': ^
;
40 Exchange
'
I".5%'
A Common
Basio
Bond
;-:Series.
■
5%
S-3
Series
3.72
Industry Shares
—10
Tr of America——
107.81
103,50
Inv
'
,
4.70
5.88
6.45
95.45
97.40
40.57
41.40
1
15.72
17.23
Loomls Sayles Mut Fund
•
Loomis Sayles Sec Fund
—10
Manhattan Bond Fund Inc—
1
3.25
3.35
Common
————10c
Maryland Fund Inc.—......lOo
Century, Shares Trust———•
29.38
3L59
Mass Investors Trust—
9.71
10.51
Mass
~——B
17.98
19.33
Broad Street Invest Co Inc—__5
29.31
32.23
Boston
Fund
Inc.-
Fund
Bullock
Ltd
Canadian Inv Fund Ltd—
Chemical
Fund-
Christiana
—-1
Securities com—>100 2,610
Preferred
———100'
Commonwealth Invest—
'710
2,
5.04
44.31
11.06
11.89
10
11.17
12.27
46,75
3.84
series B. shares.—. .*
(Colo)
25c
1.33
1.46
Corporate Trust Shares—.:
1
Series AA—————1
2.53
National Investors Corp...—..I
7.91
2.31
National Security Series-
—1
2.31
Bond .series..—
7.14
7.85
mod——— 1
2.80
Income
4.83
5.36
2.80
Industrial
Aetna Casual & Surety
—10
Aetna ——10
'Aetna 'Life——_^„io
Accumulative scries-:
Series
AA
mod
Series ACC
—I
•
Cumulative Trust Shares
:
4.90
■
(Md)
Low
1
Delaware Fund-.
.18.32
19.81
:
I>
••
2.50.
25c
-—>•-———.—
Dividend Shares
5.65
.
;■
Stock series
.
6.45
New "fork Stocks Inc—
1.28
1.40
Fund———1
-22.48
24.14
Balanced
1
:13.71
14.72
40%
41% ;
Fund———
Stock
Equity Corp $3 conv pfd,—~,_1
Financial Industrial Fund,
19.81
Inc.
8
,10.29
Mutual Trust
Fund
2.01
•
•
American
.
3.85
4.45
: 22.91
25.11
-
:
.
Fundamental Trust Shares A—3
4.92
GenerTi"cTpltal15orp"—~Z—•
5.68
34.53
5.60
•
General Investors Trust—1
37.13
11.22
Automobile
Aviation
shares————.
7.40
11.17
9.99
10.98
7.51
8.26
Connecticut General Life—
Continental Casualty—
8.13
8.94
Crura & Forster Inc
7.97
8.77
Oils
9.87
——:
.
Railroad
■
Amer Trust
6.32
6.96
10.52
6; 12
7:59
■
9.24
9.57
,,
10.85
8.40
—■
5.96
6.56
7.03
7.73
——.
7.60
8.36
5.57
Electrical
Equipment——..—
Administered
Fully
•
Pacific
92% :
97%
62%
51%'
151
157
Fire.,
——...23
Pacific Indemnity
Phoenix
10
12%
Republic
24
Revere
13%
,10
(NY)——_2
(Texas)—
,—10
32%
47/o
351/8
(Paul)
Fire
—
51%
St Paul Fire & Marine—.—12%
18
20
Seaboard Surety—^
42%
45%'
Security New Haven—
2.41
2nd
&
Rutgers Fire Ins.
6%
8
—.10
10
.Springfield Fire & Marine
,25
—.100
523
538
84%
Travelers
preferred
Great American^,—.———,8
80%
29%
U S Fidelity & Guaranty Co—2
36%
38%
15.40
Hanover
,10
24%
26%
U S Fire———4
46%
49 Va
—10
97%
,102 V4
U S Guarantee—;———10
69
74
Westchester Fire—
307/»
33%
Hartford
Scudder, Stevens & Clark
Selected Amer Shares——.2'/a
10.09
10.59
Selected Income Shares.——i.l
Fire—.
lOo
7.85
8.56
1
3.34
10.95
—
——,2.50
95.80
10.04
.
3.67
93.90
277a
Hartford Steamboiler Inspect._10
4.23
42%*
45%
;
Fund, Inc...——;'
6.37 •'
7.01
Sovereign Investors..
1
6.18
5.85
6.44
State Street Investment Corp—
45.00
48.00
—
6.79
7.47
Super Corp of Amer AA—.1
Recent Bond Issues
"6.77
—
2.39
■
.
....
■
v-4,75
—
"
5.23
5.84
shares—..
Equipment shares.—.
■
4.34
*
4.26
,.•>
*
Foundation Fund
.,
5.13
4.66
36c
Union
Bond Fund
-Series-
48c
B
series
.
76c
85c
7.74
21.63
2.60
92c
Insurance Group shares
18.73
r
,
13.30
-13.10
Pacific Gas
109
—.1979
1051/4
106
101%
102
::
100%
10214
IOII/4
Pgh Cine Chic & St L 3%s.l975
Public Service (Indianaj—
3V4s series E
1973
13.40
A First
Boston
108
4V8s
series
1970
M
1980
Gulf Mobile & Ohio 3%s_,.1969
95%
102%
961/4
&
2%s :
,
101
100%
100%
102%,
103%
105%
106
108 %
108%
111%
112 %
Puget Sound Pow & Lt—
1959
101%
101%
2%s_,—1974
102%
■103.%
10114
101%
101%
San
101%
York Corp; 414s
4%s ','
.—.i,—
.1972
Diego*^Gas*&~El" 3%s—1970
:
.106
—1958
3%
34%
.10
Corp
31/4 -
104%.
101%
100%
—1974
,
Kansas City Term Ry 2%s_1974
Koppers Co 3s
1964
Investment Banking
Corporations
ABlair & Co.—......—.1-'
104
Philadelphia Electric 2%s._1967
Great Northern 31/es ser K.1960
,.—1974
104%
102%
101%
Panhandle Eastern Pipe Line—
2%s debs———
1953
Houston Lt & Pow
27.70
104
102%
Electric 3s.. 1974
106
3%s
Greyhound Corp 3s
1.16
12.13
25.48
—1
17.16
1.
1.02
1.05-
Stock and Bond Group shares.,of America
10
Investment Co
105%
108%
Power
105
k.i '•"
Oregon-Washington RR 3s.I960
3%s
1.82
Wellington Fund.,
104%
-1974
—
Ohio
107%
Florida Power & Light 3'/aS.1974
104%
k__
Edison 3s.———.1974
105%
107
3%s series L
12.33
ales
105%
1974
Empire District Elec. 3%s—1969
7.07
,
1977
Florida
17.15
102%
3s
9.18
19.78
;
102 Va
103%
104 V4
Orleans Public Service
Conn Light & Power 3s
Ed is
Ask
103%,
Metropolitan Edison 2%S—1974
Miss Power & Light 3%S—1974
Narraganselt'Elec 3s.
1974
New Jersey
Pow & Lt 3s_.1974
New
Calif-Oregon" Power 3% sZZl9 74
26,14
U S El Lt St Pwr Shares A.——
>
101%
23.55
Union Preferred Stock Fund——
;
11.25
100%
k_.
8.39
1.61
2.31
Aviation Group shares——.
Bank, Group shares
,
102%
1969
25.35
24.19
1,47
22.50 u
100V4
1974
3'/as__1974
Bid
Ask
100
103
21.54
A——
—
Series;'C———■
Union Common Stock Fund B...
10c
1969
1969
Commonwealth
6.44
Trusteed Industry Shares—_25c
Inc
Incorporated Investors—,——5
Independence Trust Shares——*
Institutional Securities Ltd—
Investors Fund C
5.92
—....——1
A Series B~.
3s—
Lt
&
4s
A Series A—
4.70
Tobacco
Pow
Birmingham Electric 3s
Brooklyn Union Gas 3%s.
2.44
2.32
:
4.73
■
—J
""
1
Trustee Stand Oil Shares—
bw
American
Arkansas
C————————L
ASeries
A Series .D
.
4.79
..."
4.29
Utility shares—
■,
4.17•
4.78
4.35
-
Tobacco shares——,————
Trustee Stand Invest Shs—
6.43
-.3,78
Common
,
38
58c
7.65
Income
35%
125
35
Standard Accident——
53c
9.24
Holding Corp...
71V4
46%
14.32
Series 1S(58—.—1
Plymouth Fund Inc—;
10c
Putnam (Geo) Fund
;——1
7.88
A Huron
.23%
10
26%
24%
com;
6%
29
27
213,4
68V4
44 %
33%
119%
——10
48%
Globe & Republic—8
491/3
,87 %
83 %
,
12 %
Glens Falls Fire—.
Globe
6%
5
22
•
12%
47
Co—i—10
Preferred Accident—;
Franklin
2.84
6,96
Steel shares————
;
87
Reinsurance Corp
2.73
8.41
Petroleum1 shares—————
RR
82%
..2.50
——————12.50
Providence-Washington
1
7.17
Mining shares,
'•
Northern
——5
River——,
91%
—„.1
...
RaJlroad\'shares..
stock
21%
6
23V8
Northeastern—,.,.5
48
_fl
.
North
58%
11%
30 V4
33
30%
_fl
471/4
27%
.
—10
66%
Series 1955...
shares-—
Merchandise shares
Railroad
27%
44%
10%
New Hampshire Fire.
New York Fire,—
45%
25%
Fire—
28%
56%
17%
54%
43%
10
7%
26%
2
New Brunswick—4————,—10
21%
19%
20%
10
59
178
I68
20
5V4
4%
30 %
6%
2
General Reinsurance Cory—8
Gibraltar Fire & Marine—;
10
Quarterly Inc Shares—
Republic Invest Fund...
Low Price Shares—
■■
635
•
56
10
87%
2.20
5.56
—J.,
610
59
i;27%
(Detroit)—10
62%
36 V2
10.60
Investing
7%
82%
—5
—
5.05
Industrial Machinery shares—
!Institutional bond shareS-i—.
National Liberty
National Union Fire—
New Amsterdam Casualty
6.55
- .9.65
General bond shares
•
National Fire—
40%
87a
73 Va
47
4%
4'/s
4
'
8.35
—
Food shares-.
Y
Ins
Fireman's Fd of San Fran
10
Firemen's of Newark——o
6.13
Chemical shares—
Fire
60%
6%
Fidelity & Deposit of Md—^20
Fire Assn of Phlla————10
shares
Series 1956.—
Merch & Mfrs Fire N
Monarch
National Casualty
8
1%
70
...8
18%
77%
Employees Group„____—
Employers Reinsurance
—10
Federal;-—io":
5.55
stock.
Machinery
:Metals-.—..—^—
North
7.59
—a—
shares—
Building shares—,
.
:
15%
'56%
.
01%
39%
6 /B
.
12%
58%
.-Boston1'———i—,«
—^..100'
Camden Fire————
City of New York
10
6.72
North Amer Bond Trust ctfs
6.03
6,90
12%
Casualty.
37%
25
..20
Massacnusetts Bonding:
Merchant Fire Assur
17
Baltimore American—,—,2 %
10.16
Railroad equipment
,
,
'
—
Maryland
16%
11%
—,,_i0'
Series 1953—
Group Securities—Agricultural shares
12 V»-
14%
Re-Insurance,——.10
Reserve——,—10
Surety————.,_,23
Automobile
5.95
Foundation Trust Shares A—1
Fundamental Invest Inc—-—3
14%
53%
American
5.91
stock..
Insurance
,
:
American of Newark,——,aya
American
8.43
Building supply
'.- Chemical-u,'——;;
Electrical equipment
6.12
ci
1
7.68
10.21
89
36^'4
10
5
10%
—
14.13
—,.:
14,,
Knickerbocker
Y,
28%
26.3'»
10
Insur Co of North America
Jersey Insurance of N
Bankers & Shippers
Aviation V—...U———i—:
Bank:
-
21.33
.
1.83
5.49
Fixed Trust Shares At——-10
First
-
.'
Fidelity' Fund Inc——•'
39 ^4
:
79
5.32
Agriculture
_8
——
Fire—,
Alliance,——10
American Casualty—
American Equitable———,_5
American Fidelity & Casualty_5
^.
Automobile
'-
——
38
"
Eaton-& Howard—
"
Homestead
22 %
3.83
7.62
Home
52%
75%
13.11
1
Far
Ask
135 %■
.
50
20%:
3.38
—"
Bell Teletype NY 1-953
———25
6.98
Fund
New England
-
Agricultural
127%
•
American
6.87
6.16
stock series
Preferred stock series—
.,
,
———
series——^.———
priced bond series..
priced stock common
Low
Diversified Trustee Shares—
•: "C
———1,/::; 3.75
Voting shares
:
Bic.
Far
8.55
Consol Investment Trust—I :
.
Insurance Companies
23.86
1
Inc
DIghy 4-4950
5.94
22,19
Fund
Fund
Invest
Tel:
10.16
9.24
5.45
1
Natlon-Wide Securities—
5.48
—1
2d
Investors
Mutual
144 vV.
139
Place, New York 5, N. Y.
5,22
Fund—————
S **4. ..................
Knickerbocker
■
36%
Quotations for U. S. Treasury Motes
New York
;
Far
Bid
Bank of. the Manhattan Co
10
Bank of New York———100
Bankers Trust
Brooklyn Trust
City Banks & Trust Cos.
'
Ask
?4%
-
446
Far'-...
'( Bid
——100
200
Ask"
180
100
Trust—
Fulton
54%
458
—10:' 54%
Grace National
200
40%
42%
50%
Chemical Bank & Trust
10
Commercial National Bank &
Trust Co
20
Continental Bank & Trust
10
52%
Manufactures Trust Co com__20
114
104 %
Central Hanover Bank & Trust 20
Chase National Bank
:
15
100
Guaranty Trust
108
—
Conv.
22 V2
21
,
Corn
Exchange Bank & Trust-20
53%
55%
Empire ..Trust '-t——50'80% - : 84%.
Fiduciary Trust
—————: 28%
30%
First National Bank—
100 1,740
1,780
% %
i
100.7
%%
99.31
—25
102%
Price 100 Plus
Bid
Certificates of Indebtedness—
100.6
100.6
———
100
1945
.0412
,0581
.0497
;
.0553
100.3
100.4
20.90s Mar. 1,
100.25
100.8
1%%
100.26
100.27
t%S Apr. 1, 1945—.——.
t%S May 1, 1945
V/as June 1 1945
.0448
VMc
100.9
100.18
100.19
%
1%%
j.—,.,
15,
15,
1947
1948
106%
York Trust—
1%%
.0600
.0447
.0553
*%S AUg, 1, 1945—
t%s Sept. 1, 1945,,
.0447
.0586
.0421
.0577
.0468
.0640
1, 1945.—
Title Guarantee & Trust——12
41%
46
10%
United States Trust
Obligations Of Governmental Agencies
48 %
11%
100 1,445
1,490
Bid
15,
Bid
Ask
100.2
3s
3s Jan.
b0.90
———
1,
0.75%.
3s May
102.31
1956-1946——.
Federal Land Bank Bonds—
101.21
103.1
104
1, 1956-1946
Other
Reorganization Rails
101.19
1955-1945——
100.4
Bank—'
1944
104.2
Issue*
U S Conversion 3s...
101.8
1955-1945———
101.10
1940
102%
Chic
;
.
.,
99
"2nd 4%S'
Stocks
101
82%
105 %
133%
134 Va
income 4%s B
Chicago Rock
—2019
61%
Island & Pacific—
1st 4S—
Conv
78%
63%
income
—1994
102
4%s——,112019
Denver &s Rio GrandeIncome 4%s .:
•
1st 3-4s income..
67%
V
69%
Chicago Rock
:
.2018
.1993
59%
85%
96%
83%
&
41%
17%
preferred
Denver
16%
39%
& Pacific—
Rio
100
—
Grande corn-
Preferred
—
common———2—
18%
44
45
18%
19%
44
18%
46.
Preferred
'
62%
64 %
Western
Pacific
Preferred
Bills
Rates quoted are for discount at purchase
Bid
Treasury bills—
November 24,
Ask
Ask
December 7, 1944
December 14, 1944J.
b0.375 0.32
0.32%
December 21,
1944..
b0.375 0.33%
February 8, 1945__
December 28,
1944——
b0.375
ibO.375 0.33%
January 4, 1945—
January 11, 1945.
January 18, 1945.
January 25, .1945
February 1, 1945..
February 15, 1945.
November 30,
b0.375
1944
1944—
0.28%
1?0.375 0.30%
b0.375
0.33%
i,jh0.375 0.34%
—
aV'hO.375 0.34%
—_
—•
,;bO;375 0.34%
'
bO.375 0.35%
——
bO.375 0.35 %
bO.375 0.35%
46
17%
48
87%
94%
,
61%
————'—————
island
Common
5%
United States Treasury
48
15%
—
PrBfcrrcci
,
Seaboard Ry
Seaboard Ry 1st 4s_
Income 4%s
104
46
Chicago Milw St Paul & Pacific
105%
76%
109%
81%
*•
Common'.'—:
104%
Ask
107%
& Youngstown—
5% preferredi—
\
Pacific
———————1994'
Gen income 4%s A——2019
Gen
36
—
,2014
—
Canton
Common-
,
84%
54
2003
&
Pacific—
mtge 4%s
Inc
Indianapolis & Louisville—
1st 4s
'
99%
iV
105 %
U S Conversion 3s.
Western
,
Akron
1st 4s ——-—J————1983
Chicago Milw St Paul
.
97%
4 %s series B_——J1988,
-,
Bid
Ask
...
103
—,,.1941
Panama Canal 3s—,—,1961
3%S
(When, as and if issued)
Akron Canton & Youngstown—
4s series A
———__;1988
'Ask'
Federal Land Bank Bonds—
Commodity Credit Corp—
tlYa% ——.Feb 15,1948
0.85s June
Bid
.0521
.0511
$%S Oct.
tSept.
tSept.
Federal Home Loan
Bonds-
Ask
.0312
.0501
t%S Dec. 1, 1944
t%s Feb. 1, 1945
100.24
1
1946-
15, 1946..
iMar 15 1947..
100.4
Vk%
...
53%
277
Public NatT Bank & Trust—17%
„
IMar 15,
Figures after decimal point represent one or more 32ds of a point
Ask
Int. Bate
Bid
Maturity-—
Dollar
54
51%
267
39%
New
,
•
'51% ""
preferred————20
Morgan fJ P) &: Co Inc—„100
National City Bank12%
50%
48 %
—
JDec, 15, 1945tDec
•
.
332%
340%
frving Trust
10
15 Va
16 %
Kings County Trust
100 1,635
1,685
Lawyers Trust——————25
38%
41 %
57%
109
—100
;
.
MaturityMar 15, 19452 Mar 15, 1945-
.
common.
34%
36%
—^
71%
73%
•No par
value,
a
Odd lot sales, b Yield price,
k Removed to Stock Exchange,
X Ex-dividend,
y
Ex-rights.:
r
d Deferred delivery,
Canadian market,
tin .default.
tions not furnished by sponsor or issuer.
s
Cash
JThese bonds
are
e
Ex-interest,
sale—not included
in
f Flat price,
range
for yeat,
subject to all Federal taxes.,
AQuota•
THE COMMERCIAL & FINANCIAL CHRONICLE
2220
Monday; November 20, 1944
Week
CLEARINGS
THE COURSE OF BANK
clearings this week will show an increase
Bank
compared with a year ago. Pre¬
of
■
New York
,
--7--—
+ 28.8
.Florida—Jacksonville—
.Alabama-rBirmihgham—,r-
312,841,458
138,032,633
186,392,515
+
A. 182,400,000
San Francisco—
183,900.000
319.963.000
Pittsburgh——
260,941.934
Kansas.
-
City——
217.911,196
Baltimore———
163,293,223
:
-
Total all cities, five days
All
cities,
—-
—J-
...
202,640,706
+
,.
Total
26.8"
+ 24.4
+22.3
4.22.5
$9,778,304,446
:)
%
+22.3
(10 Cities)-—.-—
Districts
Reserve
Iowa—Cedar
present further below,
the week previous—the week
15.9%, the aggregate of clear-
Sioux.
1st
New
Rapids
/
_i.:
.
<
-
.'
3d
York—
Philadelphia
4th Cleveland
—
6th Richmond
6th Atlanta;
7th Chicago.
———
:
—
Louis——
8th St.
9th
—.
9
6
10
10th Kansas City
11th Dallas
—
Francisco—
12th Sap
Outside New York City-
—-rl0.8
344 ,045,419
We
3,680,,022,807
City—_i„
;
1,901,399
12,428.018
14,192,418
5,796,259
561 ,563.660
'
Rockford—
—12.9
255,072,135
340,422.555
463,726,133
363,558,250
541,841,174
238,661,284
263,294,209
169,089,695
189,005,851
229,080,024
124,040,869
492 .477,871
463,726,133
—
Missouri—St. Louis
237 ,231,889
Total
(4
*—
—14.4
523 018,894
152,700.000
250
S
Total
9.4
924,829
+
2.7
1,030,000
632,000
250,924,829
219,032,963
Lincoln^
263,294,209
+ 19.5
6,136,685
5,212,256
9.9
110,276,205
06,661,101
42,454,762
3,560,951
37,141,742
+ 15.9
1,340,346
1,137,747
1.6
.1,512,483
1,391,413
4,239,535
+ 24.1
5,510,384
4,642,082
189,005,851
—10.5
170,791,816
131,450,343
3,292,721
—10.9
1,148,754
1,693,696.
139,039,695
219,475
."•.,<
—■„
5.6
116, 440,582
108,042,213
Missouri—Kansas,
419 643,991
330,076,220
*
'.—
City——:
A A".
...
'•T
$
Dec. %
$
11.2
7.6
5,406,179
3,984,697
—13.6
159,054,527
122,201,830
5,581,606
0.5
4,059,332
3,458,762
082
—11.5
6,022,459
—13.7
253,560,160
9.7
—
2,106,671
633,256
1,203,157.
862,557
932,035
176,653,255
239,792,466
Galveston
2,200,000
1,303,110
350
—10.4
295,289,681
274,847,490
1,134
22-4
—34.4
420,960
0.5
997,368
4,172
—11.6
4,071,235
838
2,913 137
13,271 .418
5,572 925
14,050. 300
—
Total
,2.620,000
2,990,000
6.2
1,299,137
1,276,230
9.0
5,175,842
5,093,722
5.6
116,440,582
108,042,213
—13.4
77,743,213
58,691,475
—20.2;
—
+
,124,040,869
—18.7
11,910,776
5,533,883
8.3
15,124,500
Francisco—
Federal Reserve District- -San
Twelfth
Yakima
13,642,100
<
'
2,260,031
^
Oregon—Portland—
12,887,466
73,622.986
63,792,542
Washington—Seattle
2,677,480
2,665,237
—15.0
Utah—Salt Lake City—
5,554,400
—29.2
561,978
334,789,083
—10.8
344,045,419
320,339,099
Pasadena^——A--
0.4
65,218,180.
48,913,035 tl
25,676,407"
—16.2
25.442,894
21,211,340 i
,10,347,636
—11,3
6,638,160
4,658,552
—25.0
2,942,569
3,727,142
217,294,000
271,210,000
,Santa Barbara-—™—
—
+ 49.2
4,837,783
1,718.504
.+ 17.1
1,461060
4,945,146
—
,4,3
3,381,318
1,361,080
.'.'56,014.000.
.39,460,000
834,896
,
J—-- '•
—
Northern:
—:
1,212,290
1,018,643
4,371,372,617
3,545,428
4,091,494 " t.
1.689.165
.2,797,722'
.
12,466,651
6,599,851
7,324,514
New,Jersey—,^.-—29,211,042
■
33,969,450-
York-;-—.
cities)—
'
Third'Federal Reserve
«'C
Ghesteiy'ri^—--L'--;'--——.
-
Philadelphia™—.
w
Reading————
.,■•-
■.;,
.
%
.
,
,
Wilkes-Barre^-^-^^i,--——i--.
■
York--.——i,'
°.
634,797
.,
561,505 •
1,399,407."
4G2,000,000.,
+
—■—g-.-—
Scrantem—.g
♦.
957.773
2,477.979.-.
1,213.898
.
1,459.859
,
New, Jersey—TreiUcin^i-i-—...♦ .2,493,700.
,
'
■,
3,375,205,165
3,680,022,807
,
'
Kijy
(10 C'ties)
—
'
u_„-
379.753
..
.Century
496,027, •'
419.873
682,196
946,540
532,972
jOhio—rCanion
3,240,792
—.
1,872,451
1,551.874
1,386,378
2,632,287
2,345,219
1,521,389
1,617,651
1,976,499.
5,474,600
;
,
;
—20.5'
5Cl';563,666
.
■
.
;
,
; 4,846,900'
550,750.163
!
—
YoungstdwiL—-T_,
——
,
'
3.365,771
9.8
15.244,500
+ 18 0
i 2.990.878
38c
Jan
6,300
3c
92c
22,600
89c
Nov
62c
Sep
■■»
*
80c
Sep.
l'ac
89c
Porcupine. Mines Ltd_L___—
Cadallic Gold Mines Ltd——1
1.32
1.32
•■1,000
10c
10c
f Pato Cons Qold Dredging Ltd_S—
1
'Perron Gold Mines Ltd——,—f.—_—_l
4.65
4.65
200
1.13
1.13
500
2.65
2.65
6c
;
Sep
July
15C
*
;r
Jan :
Juiv
97c
,
80C
4
,
.Nov
Jan
'
—1
6c
•
1,000,
,
100
2,500,
6c
65c
C'5c
67c
10,800
1
2,62
2.62
2.62
500
29-2J1.
Steep
Rock
86,347,548
:
—
Sullivan Cons Gold Mines Ltd
165,223.282
Wqsu Lake Gold Mines——^
13,541,700
—11.2.
+
3,252.475
Jan
4.35 Juiv
1.18. Apr
1.50 July
1.38
7c.
.Jan
3.40
Jan
92c
15c
1.35 July
3.00 Jun
May
2,00
July
5.00 Aug
.
Jan
9c
4c
Jan
42c
-Mar
1.25 Juiv
Nov
4.35 Aug
2.62
Jan
13.983,100
1,751.802
'
2.998.084
2,168,811
3.999.634"
Pennsylvania—Pittsburgh-:
180,498,971
213,807.683
—;15;6
199,024,502
170,811,547
j Total (7 cities)
441,664,879
506,085.574
—12.9
492,477,871
445,786.397
500
.4,000
8C
2,000
Mines Ltd.-.-
.1.3 lac, Jun
60c
"1,700
Pandora
•
VVaC
8c;
.
13 '-a c July
Jan
334C.
64c
Pamour
High
■'
Jail
8c
60c
2.20
"
Low
2 faC
3M>c
Mines
83,323,836
—17.5
2,012.155
'3,838.721 •>
500
64c
Gold
188.472,176
—11.2
90.486,501
178.772.429
2.373.308
Mansfield —I
3>000:
/;
Range Since January 1
.
3,591.428
12.582,200
Columbus
7%C
S VzC
Reel, Crest Gold Mines Ltd:..—a—*
Siscoe
Gold Mines Ltd
—1
80,370,294
—
:-
2.05
O'Brien
,1,898,359
6c
Corp. Ltd j—.r—r—0
Ltd
-1
Nonnetal'iMihing
"
595,656,120
f'r
High
9',i>c
Gold Mines ILtd™l
,
2,786.428,/,
1,252,558
;
1,291,785
4,383,300
1.689.098,
,
Shares
Low
•
Mines Ltd-—
Joliet-Quebec Mines Ltd——j
Louvicourt, Gold Field
535,000,000 '
546,000,000
580,000.000
Gold
Consolidated
J-M
■
158.760.593
Cincinnati
'
■
for Week
of Prices
Sale Price
Par
Sales
Range
Last
Ltd—™1
Mining Corp Ltd—~1
Frar.coeur
415,687
1,756,587
Fourth Federal Reserve District—Cleveland—
Cleveiand
j :>
Week's
Friday
1'
Cftrtior-Malarbic Gold Mines.
492,658
1,686,086
!■
473,809,706
'!
Pickle Crow: Gold
I
y
District—Philadelphia—
583,405
662,182
; 3,419,681,721
! (Continued from-page 2218)
27,391,657
STOCKS-
.
2,803,337,359
Montreal Curb Market
4,764.103
527,832
23,140,802
:■ -v.
1.
Fenusyiyania—Altoona-p,--—___; '»
Bothlel\em_^_——:
•; •;'
Lancaster. i_—
4,519,868.709
3,690,609,350
—
.
i
330,076,220
6,662,920,054
5,815,815
!
.(12
;4l9,643,99l
7.341.612.246
•Estimated.
'
'•
-13.4
4,047,814,010.
3,505,094,151
—
-15.9
--
10,872,762
....
.
24,188,087
-33,822,842
1,148,994
8,419,186,627
7,080,023,440
r
3;243,238,333
5,425,373
; ■•
369,707.
25,165,869
'20,168.006
—————^
:
354,127
323,525'
19.3 1
471,614,493
380,700,192
cities)——_%_i
Grand Total fill cities)—
Outside New
1,205,447
!■
'
f Total (10
?
48,700,000.
10,248.732
5,152,776
•
1,368,862
,.>
3.538,274.887
.
6,941.489
7,030,564
'
.
.
961,360
.■
•+
Jersey—Montclair——2__''■ '
1,264,540
52,400,000
1,234,791
.
721,686 /
3,574,929,289
8.623,854 ■
V
•
5,090,023
4,503,300
1,365,070
v
—
—.—
Oil
—
Home
1.45
1.45
1.50
3.400
1.15
1.07
1.15
3,900
1.26
Oct
70c
8c
1.95 July
1.15
Aug
J tin
Nov
Stacks—
Crest; Oil- Co
+ East
—1
50c
Ltd—jL—*
Oil; Co ,Ltd—
—t.™—*
For footnotes see page
2219.
14V
2.98
14c
3.05
*
500
,2,000
2.85
Nov
;
182,630,000 j*
229,900,000
4,966,020
4,732,803
™__
—19.9
7,410,701'
^
<
4,754,900
3,503,248
2,011,916
San Jose_^:
1,569,947 +
1,914,095
—32,1
9.174,552
-
San Francisco
•■f
—
72,201,512
21,512,776
——
California—Long Beach—.
v
2,269,730
..
49,007,623
—«i;
'
679 ,125
.
10,061,107
4,706,722
1,389,738
117,090,137,
(6: cities).
441,959
3,731,542
765,574
481,092
86,449,000
15,030,483
'
886,308
:
—19.3
—
2.172,154
89,946,431
2.7
—
883,476
869,526
203
480 570
1,165 872
2,756,000
5,129,671
—
—
2,388,689
6.2
—
12,764,603
3.6
—
2,185,442
100,238.364
12,303,685
Louisiana—Shreveport-^
3,275,840
287,672
298,658,672
:
Newark,.
|
—18.5
1,012,293
94,047,000
■
Fort Worth
$
3,010
Syracuse——.i_.—-v—;;4,649,175
I
2,393,804
3,411.516
Federal Reserve District—New York-
Rochester—
|
61.880,802
+
'
745,464
577,816
1.4
+
3,690,597
Connecticut—Stamford—
j
-
3,390,480
39.458,432
+.
1,049,842
229,080,024
--.
Dallas—:
-1
1941
1942
1,160,279
York
Total
2.2
3,480,723
5,916,258
<
'Joseph--,—--i—5,556,140"
Colorado—Colorado Springs——
' :
855,400
Pueblo—
874,095
11
Inc. 01
666 ,263
880,562
cities)——r
Jamestown
,,
—-'
101,598
167.839
*185,000
8.7
for each city for the
Week Ended Nov.
1943
2,663.763
Eimira
■
—■
169,412,866
146,294,796
—
Wicliita Falls,_.^_——
:~—
York—Albany
..Total
—11.7
2,582,100
,
:
6,363,957
-
Buffalo————
,
149,523,806
<
Eleventh Federal Reserve District—Dallas-
4.528,064
Second
New
3,342,465
179,195
+ 15.7
180,779
■63,779,493
2,870.305
St.
y;-;
$
Hampshire—Manchester™.
New
—
3,737,655
62,368,366
;
—
Wichita—_———————J"
Total (10 cities)——r™.—
12,889,300
Bingham ton—
-
■
298,268
; .'L'/V, 263,415
3,414,075
Omaha
Stockton
■
—
1,665,869
1—
Kansas—Topeka—
'
-f
New
,
3,419,681.721
:—.
(12
,
—20.2
4,997,346
'
1.331,636
-
—
149,528,806
2,803,337,359
Island—Providence.—.—
Total
9.4
.
Tenth Federal Reserve District—Kansas City—
176.653,255
—13.4
Connecticut—Hartfordl
New
44,633,602
1,153,000
2,933,096
i——™
Hastings-.
-
170 791,816
4,047,814,010
———
—
55,187,361
59,585,184.
><52,809,645
5,062,821
(7 cities)
239, 792,466
3,505,094,151
2,350,946
Haven
f
118,600,000
137,500,000".
6,5
42,183,456-
Nebraska—Fremont——
;;
6,662,920,054
11,279,753
New
i
531,427,983
+
...
5,973,885
118.478,122
——w
Dakota—Aberdeen
9.7
7,341.612.246
Worcester—w—.
Rhode
2,120,187
1,601,148 ji
523,018,894
64,066,049". —11.4
33,644.260
—il0.5
—15.9
257,735.759
——
■ft
2,018,940
45,375,160
'
471,614,493
River.„——1——-
Springfield
U
1,244,877 <t
4,794,971
*
219.032,963
—
315,128
....
»
.,2,122,006
-
—13.3
:
238,661,284
")■ Helena—_j—
531,427,983'
8.419,186,627
675,429
New Bedford—
f
Reserve District—Minneapolis-
Minnesota—Duluth——
249,217,112
380,700,192
Massachusetts—Boston—
Fall
-
7.4
—
—14.4
132,400,000
cities)—.—
Ninth Federal
206,810.678
305 .658,716
—
7,080,023,440
—-
—
9.9
—
2,270,854
-
541,841,174
Kentucky—Louisville^—__Y_—
56,733,864
Tennessee—Memphis-—™48,343,417
Illinois—Quincy™—
—v.
1,184,003
445,786,397
7.3
,6.4
—
—19.3
"-v
Maine—Bangor——
Portland——
426,107,178
-
2,326.070
.4,801,465
7
+ 20.5
1,976,796
•
'
253,560,160
117,090,137
for four years,
-
12,905,238 ■ '*
..4,499,786 U
503,000 if
.
Eighth Federal Reserve District—St. Loni#—
;
Reserve District- -Boston-
Federal
5,458,068-;
404,316,316..
'
+ 40.8
5,820,963
"
2,103,322
'
1944
Clearings at—-
t
.
—15.8
2,459,780
1,781,262
Springfield-—
550,750,163
.
First
,*1.543,573 if
5
12,209,418-'
•
:
If
'
t;
(17 cities)
*
,
6,983,788.7
-36.3-
424,547,417)
+
7,014,238
Total
:
+18.7
565,407-
3,463,212
3,041,555
1:26,871,348
31,32 4; 524.1,515,307
—12.6
4,880,868t
357,452,885
+
3.0
.+
2,402,461_ j
28,908,000 ' *
:
9,050,523
+12.4
1,845,162
2,709,868 '!
4,094,652
—14.5-.
:»
4,504,558
;
.
.
,31,575,000
'
3.4
+
681,447
.
•
.,-2,903,722
—20.0
7,085,769.'
Peoria-I_-_w-—!
X 165,646
.
3,161,482.: —20.1
781,813-
Texas—Austin—
1
249,217,112 ;i
3,375,205,165
—20.5
add our detailed statement showing the figures
now
week ended Nov. 11
•
228,345 *;
53,360,300 1 i
..
!';■ -1 .|r
.7 4,993,178
—37.1
31,475,586-
}
320,339.099
—18.3
595,656.120
506,885,574
236.510,813
—-
;f
38,099,165 1}
3,321,067 .'I
...
s,.
441,684,879
————110 cities
,,T
20,123,000
7
626,889 :
—17.7...
.
-3,750,426:
.
Total
*1,500,000
V*
305,658,716
-
—13,5.,
'542,132.
4,851,543
v
3,758,571:
Decatur.
'
t
1941
S
334,789,083
473,809,706
"
"
"
"
7
Minneapolis
:
75,029,-250
;
!>'
94,600,000 it
'72,459,962 i \
••"--215,843
,
6.4
28,656,0001
>,
North. Dakota—Fargo._——
4.519,868,709
298,658,672
3,690,609,350
12 cities 1
12
"
10
" '
7
"
6
"
10 - u
17 \ «'
4
«...
J——
Boston
2d
363,u58,250
26,903,722
('
Illinois^—Bloomington—y Clue-ago
-
South
1942
Dec.
$...
44.9
+
t—:,16.0
3,887,976
Mont anarr-Billings—
Inc. or
1943
$
'IT
6,480,382
36,972*,373:
>- f5,199,75
7.0.s
—
7,962,147
Des; Moines-™.
*-■
by Federal Reserve Districts:.
1944
,
•
2,524,939
—
Terre Haute
T
SUMMARY OF BANK CLEARINGS
Federal
1|L
-29,044,891
■
*1,700,000 1
32,233,793
<;
■
-.+'<9.7
22,908,000
IndianapoliS-—
,
St. Paul:
Week Ended Nov. 11
M-V i-'1'
,
-^2,564,505
..
.4.4.
,
88,024,788
2,357,221'
'
''(/.Minneapolis—-
a summary
"—27.7
4,802,608;
221,747.
438,840
Wisconsin—Milwaukee
.
furnish
I"
1
35,272,079
7.8.-
50,105,004
+
3,990,880
South Bend
decrease of 18,2%. We group the cities
in which they are located and from this
it appears that in the New York District (including this city) the totals show a
falling off of 18.3%, in the Boston Reserve District of 10.8% and in the Philadelphia
Reserve District of 20.5%,
In the Cleveland Reserve District the totals register a
loss of 12.9%, in the Richmond Reserve District of 7.3% and in the Atlanta Reserve
District of 6.4%.
In the Chicago Reserve District the totals are smaller by 14.4%,
'in the St. Louis Reserve District by 9.4% and in the Minneapolis Reserve District by
10.5%.
In the Kansas City Reserve District the decline is 9.7%, in the Dallas Reserye
District 5.6% and in the San Francisco Reserve District. 19.3%.
we
t
206,810,678
110,400,000
38,760,127
340,422,555
Lansing-.
i
/
detailed statement, however, which we
% In the following
I
i'
-
,6,071,122
-
3.0
2,243,145
'
•-
321,354
73,899,607
Grand Rapids—
i
,
clearings at this center having recorded a
according to the Federal Reserve Districts
:
i
Seventli Federal Reserve District—Chicago—
+13.6
ings for the whole country having amounted to $7,080,023,440, against $8,419,186,627
! in the same week in 1943. Outside of this city there was a loss of 13.4%, the bank
,
0.8
—19.4
•
2,641,146'.
4,465,837
Indiana—Fort AVayne,_-
give the final and complete results for
ended Nov. 11. For that week there was a decrease of
Wi
„
•7
I
In the elaborate
#
237,231,889
'
'Louisiana—New Orleans.
$8,150,G64,478
1,627,639,968
i we are able to
■i
54,966,932
_ T.
^Mississippi—Vicksburgu——
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today,.in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in .the above the last day of the week in all cases has to be estimated.
|
/.iin
1,785,270
103,432,327 f I
':
V 35,150,709
+' 7.5
$6,520,430,104.
1,630,234,374
week----——.$11,959,344,669
Total all cities for
•
+
10,220,284
38,139,401
128,400,000
-1,622,581
37,064,515+
+17.7
':129,557,094
•
•
Mobile-^.—.:
i
"iii.M.
255,072,135 — 7.3
2,434,028
-Michlgan-r-Anh. Arbork__„.
—
day
one
0.8
Macon-
+ 36.9
$9,966,120,558
1,993,224,111
:
cities, five days
Other
.35,830,921
-
-
233,677,000
$8,111,596,273
1,854,524,285
days—
Ten cities, five
6.2
+
,122,552,858
—15.4.
~
221,748,411
"
•
Cleveland-——
•'
—23.1
37,345,615'
10,298,367
30,749,334
124,600,000
:
I
592,000,000
347.672,217"
•
128,821,039
|j
H
Reserve District- -Atianta-
j.
+11.1
674,000,000
Philadelphia-
Federal
Nashville
+13.9
418,757,420
2,281,903
+
f;
4,159,000 i !
61,413,847 1;
5,845.000
69,698,923
■
236,510,813
.Georgia—Atlantai—
Augusta—
539.075,922'
2.0
+> 9.5
—25.6
: 879,525
%
1,022,284
2,350.128
31,612,167
?. 4 •
(6 cities)-™
+ 28.7
$4,041,015,500
$5,208,805,149
5,887,000;
1,747,508
109,037,718
Columbia:—Washington-.,,
—16.0
79,583,368 «
87,124,005
Tennessee— Knoxville.—
-
>
( 'vy
$
•■■■
\
;.i
Total
%
,
-f 6,004,000
...
{Maryland—BaJtimoreki.2—^„__^...i..
Sixth
1943
:
•
Richmond™.™.
jDistrict
1,084,985
935,415
'South Carolina—Charleston
Clearings—Returns by Telegraph
1944
1941
1942
Dec. lh
Reserve District—Richmond—
Virginia—Huritirigtoh
Virginia—Norfolk.—
v
corresponding week last year. Our preliminary total
stands at $11,959,344,669, against $9,778,304,446 for the same week in 1943,
At this
center there is an increase for the week ended Friday of 22.3%.
Our comparative
summary for the week follows;
"
Week Ending Nov. 18—
11
Nov.
Inc.or
'
:West
above those for the
22.3%
Ended
1943
1944
8
Fifth Federal
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country, indicate that for the week ended Saturday, Nov, 18, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be
"•
,
14c
,
Nov
3.60 Ms
r
{l:tt
■'
ill
'
Volume 160
2221
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4335
Flotations In The United States During The Month Of October
The Capital
And For The Ten Months Oi The Calendar Year 1944
The volume of corporate
financing for the month of
October reached: $748,153,755, the largest monthly total
since May, 1930,' when $927,376,218 was reported, i The
October total ^compares with $429,924,540 in September
Philadelphia Electric Co. 2%s, $115,000,000 Pacific
Electric
Co..3s, and $30,000,000 Arkansas Power & Light Co. 3185.
In the industrial field, the $100,000,1100 American To¬
bacco Co. 3% debentures led the way.
'This financing
'
last, and $127,335,693 in October of 1943. Activity for the
Aug
as
91 day Treas.
92 day Treas.
91
Aug
1'
1
Aug
•,
Aug
:
•
1,017,106,000
197,006,000
3,961,000
1,205,774,000
1,205,774,000
1,210,125,000
2,510,959,000
! 602,430,086
'
2,510,959,000
-602,436,086
6,075,500
.6,075,500
201,442,700
Depositary bondsTax Antic'n notes-
Aug
1,209,047,000
1,209,047,000
1,210,125,000
day Treas. bills
Certifs of indebt.
U. S. Savings bds.
t
$
,
.
,
1,206,949,000
bills
Aug 31
Aug 17
«
V
1,2)0,910,000
bills
Aug 24
was
■
io'
Indebtedness
Refunding
Accepted
1,214.112,000
91 day;Treas. bills
91 day'Treas. bills
3.
Aug
the case in September, is largely due to; was reported to be the largest by an industrial concern
■since April, 1942, when the same company sold a like
the desire on the part :of corporations to take advantage
; amount
of debentures. ft .ft;
ft.
i ;ft;ft- ••■.':•
of prevailing low interest rates by -refunding; higher in¬
3;
terest bearing! obligations and also the efforts of Under¬
Private financing Tor the month added up to $70,500,writers to clear .such .financing before the start of the
000, comprising ten issues and represents 9.4% of the
Sixth War Loan Drive, scheduled for Nov. 20.
As in
total.
This compares with $8,620,000 for September or
2% of that month's total; $73,150,000 or 29.3% of the
October, the large amount of corporate financing repre¬
sented refunding .operations, the total in this column
total for August; $112,460,000 or 55.1% of the July total;
! $57,224,950 or. 47.5% reported for June.; $125,254,675 or
being $617,535,452 or 82.6%, while new capital furnished
•: 57.8% for May; $29,195,000 or 16.2% for April; $47,310,$130,618,303 :or 17.4% of the month's, totalv Public util¬
000 or 31.7% reported for March; $82,000,000 or 51.6% for
ity financing dorhinated the month's flotations, the total
adding up to $514,930,000 as compared with $153,690,500
February's total and $8,500,000 or 5.3% of January's
in September! and $49,812,500 in October, 1943.
Other
flotations.
ftft .Iftftftvft ^
; ft.ftl / ft:
ft
industrial and manufacturing footed up to $189,109,375
ft
Municipal financing for the month, aggregated $108,for the month; railroad financing reached $36,255,000 and
130,600, the largest monthly total since May, last, when
miscellaneous financing accounted for $7,859,380.
$159,854,766 was recorded and compares with $16,589,990
As already noted, public utility issues dominated the
/in October, 1943.
Of the month's total, $61,150,000 was
month's activities.1 ' The. largest issue was the $180,000,for refunding purposes and $46,980,600 was for new
000 Commonwealth. Edison Co. 3% bonds (of which $25,money purposes.
•;
ft ft
-\;i;•<5:ft',ft-: ftft.:';;ft.
000,000 were exchanged by insurance companies for a
Below we present a tabulation of figures since Janu¬
like amount of outstanding obligations).
This financial
month,
?
$
i
New
Total Amount
Type of
Security
.
Dated
Gas & Electric Co. 3s, $31,500,000 Narraganset
I
:
■
000
:
201,442,700
'
1
Total for
Sep
Sep
piece of corporate
Securities and Ex¬
change Act of 1933 and ranks amongst the largest flota¬
tions in the history of the country.
Other prominent
utility issues floated during October include $130,000,"SUMMARY
FIGURES
CORPORATE
OF
BY
1
1944,
$
March—.————
First
Capital
160,456,350
158,761,995
103,534,713
148,990,455
56,943,229
April——
——;
May—————
Total
3,694,012,000
787 ,614,000
787,614,000
Refunding
Capital
Total
$
.
5 ,320,500
5,320,500
281 ,653,900
281,653,900
9,304,627,000
919,188,894
Treas. bills
1,217,995,000
Treas. billsTreas. bills
Treas. bills
1,312,571,000
1,216,173.000
1,203,823.000
108,748,000
1,313,861.000
1,308,901,000
1.206.589,000
1,214,382,000
indebt.
3,491,689,000
3,491.689,000
Savings-bds,
695,003,230
695,003,230
11,373,000
180,674,500
-5
Oct
13
Oct
19
Oct
26
Oct
1
Certifs.
Oct
1
U.
91
day:
90 day
91 day
91 day
S.
of
Depositary^. bondS-
Oct
'
Total
9,532,067,730
for
Total for
■
for
72,920,126
56,708,875
85,128,964
1 58,049,090
*
I XT R A - G O VE R NMENT
"
■
.75,609,375
79,085,120
39.209,300
118,294.420
118,900,457
143,238,764
351,952,885
I 97,114,003;
18,527,000
44,743,680
103,841,600
95,812,568
.125,811,993
76,827,430
5,806,500
61,685,570
109,648,100
29,999,425
f
.
208,714,121
12,000,000
56,192,000
10,215,000
617,747^00
22,215,000
673,939,000
627,962,000
-
ft
'696,154,000
July—.
■'
"
'
<
(
:
August—
207,900,000
79,404,976
215,458,24?
294,863,224
277,783,033
86,019,070
363,802,103
Total for
150,476,205
263,287,476
413,763,681
486,497,154
229,257,834
715,754,988
84,754,500
101,714,704
27,509,976
58,600*000
32,719,350
60,229,326
■
6,018,000
64,618,000
518,184,859
,698.095,295
986,393,659
57.327,813
153,916,988
'140,608,034
211,244,801
;19,174,700
65,579,800
22,403,704
79,311,000
r
'
July—-—
August—.
—.
Beptember——-
quarter—L
Third
'
-
f
—
303,100,000
11,115,000
; 29.207,720
400,716,820
} 9,875,000
55,165,000
65,040,000
28,445,586
30,436,500
ft .192,108,484
695,241;842
887,350,326
51,453,404
200,055,800
251,509,204
114,555,562
69,173,850
480,406,848 1,393,337,137
1,873,743,985
201,929,609
463,343,276
665,272,885
601,052,716
298,431,684
899,484,400
617,535,452 ( 748,153,755
40;673,226
121,032,738
114,236,772
86,662,467
I 69,861,543
83,128,500
127,335,693
2,434,300
43,845,700
;6,679,000
14,717,010
13,530,876
61,828,990
:20,209,876
97,365,272
Nine months—-
130,618,303
October———-
ft.—;
ft Twelvemonths———
415,595,246
23,830,310
624,883,026
239,652,510
;
t
:
offering of Tk % Treasury Certificates of Indebtedness of
Series G-1945 on an exchange basis to holders of Treas¬
Aug 30
Sep
15
Sep
7
Sep 14
Sep 21
Certificates of Indebtedness of Series F-1944, ma¬
turing on Oct. 1, 1944 and $3,491,689,000 of Certificates
Sep
22
Sep 28
,'ftft $ 'i'V
Sep
ury
"
ftft ft'-
,
exchange
confined its offerings to the
8
'
Certificates
143.035,876
for
October—-i.—
ten
months—
bills. > • '
;
The Treasury in October, from all its
Sep
C/f?
'•
1,204.692,000.
99.905
99.905
,
1,215,528,000
99.905
*0.375
2,244,401,000:
3,694,012,000
1,218,104,000.
99.905
*0.375
1
787,614,000 100
$
7
months—.
5,320,500 100
5,320,500
2 yrs
a.
92 days;
i
System,
for September—
b
we
5
Oct
91
days
4
Price i
; >
99.905
1,217,995,000
2,307,978,000-
6
Oct
13
ft; 90
days
2,196,968,000'
1,3x2,571,000
99.906-
19
91
days
2,183,869,000
1,313,861,000
99.905
*0.375
Oct
20
Oct
26
91 days
2,356,311,000
1,308,901,000'
99.905
*0.375
Sep
20
Oct
1
1 year
3,491,689,000
3,491,689,000 100
Oct 1-31 Oct
1
10-12 yrs
695,003,230
12 yrs
11,373,000
2 years
180,674,500
Ta
.
695,003,230
a
a
,11,373,000
100
2
180,674,500* 100
•
b
'
*
'
:■
r-Five
'
ft
yield'.
*
:
'
October
Awarded to First National Bank of Chicago and associates
on
y
.
9,532,067,730
July 20 :
July 21
July 27 ft, 91 days.
Jun
Jun
*0.375
discount basis at 75,
2,042,316,000
1,203,823,OOOV 99.904
*0.374
ity, are sold on a discount basis,
12-Jly 8 Jun 26« 2%
1,206,577,000
;*0.375
2,177,348,000
1,214,292,000 ! 99.905
5,229,000,000 100
2
2,263,000,000 100
1,948,082,000
yr
~lyr.
1 10-12 yrs
•
12 years
have
and yield 2.90 ft;
maturity,
12-year
a
1,948,082,000 100
4,769,323,000
4,769,323,000 100
2,125,055,596
;
,
July 1-31 July
,r
2 years
b Comprised of separate issues,
2,125,055,596
■
A-1945,
.
a
year
.
12-year matur¬
;
.
!
;
USE
Vc
.
'■
•;
...
,
J'
,.-i
-
•
OF
FUNDS
"
Accepted
•
■
-
J
■
$
New
1
•
Refunding
$
'
'
•
,
f
:
Indebtedness
•
'
$
665,481,500 100
1st" six months
64,112,840,7^5
91 day Treas. bills
1,216,173,000
1,007,677,000
6
:'•
208,496,000
Total for
21,853,150,096
.
38,726,540,000 25,386,300,765
July 13
92 day Treas. bills
1,203,823,000
1,014,523,000
Stearns & Co., Biddle," Whelen & Co., William Blair &
Bosworth, Chanute, Loughridge fe Co., Alex. Brown
Sons, Buckley' Brothers, Butcher & Sherrerd, E.' W.
Clark & Co.; J.'M. Dain & Co., R. L', Day & Co., Drexel
Co., Eastman, Dillon & Co., Equitable Securities Corp.,
A. Evans & Co., Inc., First of Michigan Colli.,
Folger, Nolan & Co., Inc., Glore, Forga'n & Co., Graham,
&
Aug
3
91
days
2,010,374,000
1,214,112,000
99.905
*0.375
July 20
91 day Treas. bills
1,206,577,000
1,013,435,000
4
Aug 10
91
days
,2,001,081,000
1,210,910,000
99.905
*0.375
July 27
91 day Treas. bills
1,214,292,000
1,015,902,000
Aug 11
Aug 17
91. days
2,033,411,000
1,205,774,000
99.905
*0.375
Jun
Aug 18
Aug 24
92 days
1,850,697,000
1,209,047,000
99.904
*0.375
Feb
Aug 25
Aug 31
91
99.905
*0.375
July 20
Aug
1
7i
'8
Aug-1-31 Aug
'
193.142,000
Aug
.
Parsons & Co., Grubbs, Scott & Co., Hallgarten 8s Co..
Hemphill, Noyes & Co., -Hornblower & Weeks, Ira Haupt'
&
Co., Kidder, Peabody & Co., Kirkpatrick-Pettis Co.,
Laurence M. Marks & Co.,- The Milwaukee Co., Mitchum,
Tully & Co.; Moore, Leonard & Lynch. Newhard, Cook &
Co., E. M. Newton & Co., The Ohio1 :Cb., Paine, Webber I
Jackson & Curtis, Perrin, West & Winslow, Inc., Putnam
189,300,000
July 28
days
1,831,554,000
1,210,125,000
1 year
2,510,959,000
2,510,959,000 100
26
Treasury
bonds
5,229,000,000
1
Treasury
bonds—
2,263,000,000
Jun
26
Treasury
Jun
26
Certifs.
1,948,082,000
4,769,323,000
.4,769,323,000
Savings bds.
2,125,055,596
2,125,055,596
602,436,086
a
July
12 years
6,075,500
6,075,500 100
July
Depositary
bonds-
12,343,000
12,343,000
Aug 1-31 August
2 years
201,442,700
201,442,700 100
July
Tax Antic'n ndtes_
665,481,500
665,481,500
21,853,150,096
In
the
comprehensive
tables on the
the October
and the ten months' figures with those
for the corresponding periods in the four
years
preceding, thus affording a five
year comparison.
next two pages we
compare
4,051,537,000 17,801,613,096
August—
;
9,370,881,286
Total
for
S.
1,948,082,000
indebt.
of
10-12 yrs
for
U.
2,263,000,000
1
Total
1
notes___
198,390,000
5,229,000,000
Aug 1-31 August
602,436,086
'
&
•
Total Amount
Type of
Security
>8
12,343,000 100
'-.'it.}
Co.,
designated Treasury notes of tax series
and series C, about 1.07ft.
V/a
a
12,343,000
'
Clement
Dated
I 665,481,500
July——ft—ft
for
a
and yield 2.53 ft; and series G
100, and bear 2Vz'7o .interest,
series C-1945, -series C-1946 and series C-1947." Series A earn
1.92ft
100.13.
23/735,000 Pittsburgh Cincinnati Chicago & St. Louis RR. gen. mtge,
:'series "EM 3% ft bonds, due Oct. 1, 1975.
Purpose; Re¬
funding.
Price, 102 and int. to yield 3.27 ft.
Offered by
Ames, Emerich & Co., Inc., Baker, Weeks & Harden, Bear
.
about
July
Total
series F have
at 74,
sold at
are
,
July 1-31 July
,
2Va
.2,263,000,000
12-Jly 8 Feb 121-26 yr
Jun
July 1-31 July
99.905
5,229,000,000
12-Jly 8 Jun 26 8-10 yr
Jun 12-Jly 8 Jun 26
1,216,173,000
99.905 :'*0.375
of
Pittsburgh RR. gen. & refunding, mtge, 3ft
bonds, serie? C, due Oct. 1, .1974.
Purpose, refunding.
Awarded
to Auchincloss, Parker & Redpath on bid, of
100.45 and placed privately.
-r
{
115,092;755,771
♦Average rate on a bank discount basis, a Comprised,of three sepa¬
series, of which series E have IC-yea* maturity, are sold on a
—.'64,112,840,765.
bid
*11,000,000 Cleveland
.
Total for ten months—
■% ft
■■A
*$1,520,000 Chicago Burlington & Quiney RR. 1% ft* equipment tiust
'certificates, due 1945-54, Purpose,; purchase of equipment.
ft
;■''
Years).
RAILROADS
.
for
*
Long-Term Bonds and Notes (Issues Maturing Later Than
*0.376
Oct
Oct 1-31 October
Capital Flotations
*0.375
13
Total
i.
During October, 1944
Oct
v
give complete details of the capital flotal
every
issue of any
Details Of New
10,223,815,894
i
,
days! 2,074,323,000
July 14
91
series certificates and notes; certificates
Certificates Fund and Unemployed Trust Fund,
Old Age and Survivors Insurance Trust Account,
Retirement
Fund, Foreign
Service Retirement Fund,
2
100
.281,653,900
281,653,900
2,215,011,000
6 -91 days
July 13-
193,989,000
3,466,434,000
a
a
rate
July
■11,355,000
6,470,715,000
)
Insurance
Below
1
602,066,494
Oct
*
Amount *
|$moujnt
Applied fort;;! .-Accepted
Due
first six
205,344,000
9,937,149,000
v
.
tions. during October, including
kind brought out in that month:
■la
3,694,012,000 100
787,614,000
602,066,494
6 mos
10-12 yrs
12 yrs
Sep 29
'w-^
transactions sold
•
FINANCING DURING 1944
STATES TREASURY
Date
July
27,700,000
166,289,000
*0.375
Oct 1-31 October
for
ft'"
*0.375
1,214,825,000
i-30 September
Total
"ft
1,759,890.000
Nov 1 1941
Sep
$9,532,067,730 of securities, and refunded $8,332,656,000,
provided $1,199,411,730 additional money. ,
30
11,155,000
Fund, Postal
Government Dife Insurance Fund, National Servica
Fund, Federal Deposit, Insurance Corporation.i and
•Federal Savings & '.Loan. Insurance Corporation,
fNet retired.
<
Life
2,005,263,000
2,088,342,000
Sep 1-30 September
which
Total
200,000
177,444,000
notes to Federal
Savings
91 days
i'-l year
Aug 24
the Treasury Department
usual weekly Treasury bills
actions in Treasury
Jun
514,288,000
•Comprise sales of .special
and
-
'
11,342,000
27,900,000
•
;
sold to Adjusted Service
Yield
Price
91 days
Sep 1-30 Sep 1
offering dated Oct. 13 were for $100,000,000 more than
the bills maturing, the Treasury obtained $322,361,000
additional working capital in October from its trans¬
Dated
320,700,dOO
'.193,588,000
———
Total
417,637,250 1,042,520,276
91 days
91 days
Aug 24
:
Savings Bank Depositary bonds and Tax Anticipation
Notes.
As all of the Treasury bills "beginning with the
Offered
300,000
11,042,000
321.000,000
76,546,000
119,205,566
Accepted
:
$
Applied for
Due
announced on Sept. 20 an
Secretary of the Treasury
UNITED
499,885,000
525,630,000
)
September——
Notes
Amount
ftft Amount
Dated
.
11,115,000
-Canal Zone Retirement Fund, Alaska Railroad Retirement
;
Date'
Offered
exchanged.
Outside of this
for
'Civil'Service
Treasury Financing in October
were
196,785,000
1,
October—
ftft'ftft' ft,
ftft/ft. ft;
•
Total
377,872,345 ► 702,995,786 1,080,868,131
1175,942,736
quarter——
•Revised.
'
204,630,000 ,ft
Total
November-^-.—'■
Fourth
■
46,280,000
190,894,281
'!■
x—■
Notes.
183,729,412
ft
December
1
511,000,000
August—
Certificates-
.
>
246,180,985
429,924,540
105.572,951
—
'• '
58,882,086
375,731,367
288,298,364
Six months———-
.•
September—
142,453,492
quarter—.
> 'ft
303,100,000
Notes
'i
Second
-
'!■;
; ft
Certificates
138,513,000
1,584,333,000
6,414,688,000
,
115,641,003
28,620,611
95,686,940
73,364.291
$
-
'ft -./M .;
Notes
74,902,000
Net Issued
Retired
68,192,000
/.'• Total, for
47,829,228
Vv '
FINANCING
7,999,021,000
Certificates
95.390,457
$
1,199,4.11,730
68,775,320,000 46,317,435,771
Issued
.
six months
1st
July—
18,900,500
8,332,656,000
ten months——115,092,755,771
-■-
Total
20,784,940
94,519,000
i 180,674,500
October——1—
1,822,000
107,272,000
11,373,000
Tax Antic'n notes-
Oct.
;
602,066,494
602 066,494
•
71,071,229
>
1,207,844,000
September-i— 10,223,815,894
for
Oct
1944—'
181,100,006
216,707,162
120,377,691
107,635,665
184,091,294
84,004,408
36,373,283
Sep
Date)
to
322,363,928 ; 468,208,800
32,615,868
June.—*——ft—--
1
10,315,000
13,195,000
7,517,000
1,865,000
38,447,228
11,330,000
73.464,341
3,946,000
10,260.000
1,218 104,000
3,694 012,000
Certifs. -of indebt.
Treasury, notes-—
U. S. Savings bds.
Depositary bondsTax Antic'n notes-
•*1942-
New
Total
Refunding
2,798,000
122,683,000
96,146,215
145,844^72
fti
quarter-
(Revised
1942
$
45,455,742
7.—
February
AND
1943
-ft-.; $
62,615,780
37,773.350
January
13,870,000
.
MONTHS
New
Sep
additional private financing is brought to light
in annual reports and other places.
;
J
*1943
Total
Refunding
Capital
28
as
1944
New
1,200,955,000
1,211,582,000
Sep
1942,
larly
2,072,000
1,214 ,825,000
1,2x5 528,000
Aug 24,
showing the different monthly amounts of
corporate financing as revised to date. Further revisions
of the 1944 and 1943 figures may be nepessary, particle
operation marked the largest single
financing to be undertaken under the
1,202,620,000
Aug 24
•
ary,
21
Sep
8,359,960,000
1,204 692,000
91 day Treas. bills
91 day Traes. bills
91 day Treas. bills
14
Sep
■
1,010,921,286
9,370,881,286
bills
August-——-
91 day Treas,
7
July^
(Continued
on
page
2224)
N>
to
to
to
Total
$
35,180 23,5840 16.35470
39,0748 140, 90 17,4218
4 ,720
345, 670 28,05 0 79,6357
Refundi g 31,650 13,65 40
$
-190
Capit l
s
New
Total
21,530 5 9,87,0 16,32075
$
146,270
3750.05 50,935420
"80 ,0 0
-194 Refundi g 96,250 2
$
Capit l
$
New
Total
$
50,25780 2,70,0 50,93 420
43,780 2750, 0
Refundig 43,610
$
—1942
Total
184,70
"
20,71420 34,820 64,52 6
Total
1 9,0
2,315 0
7415023,136607,,2185946
29,38025
Total
$
92,5790 28,"412,50 6,34,193
15,~73 ,i70 17^8090", 7^59^750 26,19750 15,28.0 5,89405 16,2840 100 1769,780 9705~,750 47,28.10
25,390 79, 70 750, 0 27,150 80,0 2,70, 0 10, 0 146,270
$
921,275
2,70 , 0 54,3 420 25,39.0 80,9 275 750, 0 7,96415 80 .0 2,70, 0
12,70 0 20-71,420
15.96,0 340,0 2,056,0
97,05 20
50,814 5
2,70 , 0 53,6 420 21,390 6,240,5 750, 0 61,98145 460, 0 214,0
12,70 0 103,6120
750, 0
Capitl 21,390 6,1870
S
New
148",
50,814 5
'1
96,250 2
12 ,275
80 ,0
80 ,0
1,540 460, 0 214,0 10, 0 50,25780
4,0 ,0 74,65820
825,0
43,780
2,50 0
2,50 0 9,50 0 31,25 0 2,0,0 3,25,0
46,280
Refundig 9,50,0 31, 60 2,0,0
825,0
43,610
184,70
184,70
43,8570
1 9,0
2,315,30
2,315,30 "1 9,060
92,5790
1,3250 21,94 193
$
.>
15,08
$
-1942
Capitl
25,710689 28,14 98
$
00
j
119
~
9,50 0 31. 6,0 2, 0 , 0 1,0 9,70
2,43 , 0
23,301%,
New
Total
127,35693 56,920 16,589 0 20,84563
$
27,9 0 38,50 0 26,150
1,50 , 0
i,¥o ~6 o 34,75693 27,9 0 49,81250 48,09413
•
ITFTSSNCUOGONRRHOHAPEUEFREPAWID
FGFILAMNOFCUAOVERCREPNIPMGGDNATT,, — FGtoefbvhSrfadrunoamtgmounnicapy.dlieldyesss manufctrig hoeldtcin.g, _I:_ImanufctrigI*holding,~etc. 1Z7 manufctrig7_"7_hoeldticng., 7_ manufctrig 7tradineg,"hocl.
59,2860
1,03 520 15,0 0
1,32,347 27,36 87 12,9 0 49,531 20
2,869 0
1.3 2,347 86, 2467
18,204
3,2804
280,y80
6,94 193
167,653
7,39286 15,0 0 280,980
25, 4593
167,653
40,67326
5,0 0
39,70 35
(ja.odO 46, 875 36.25,0 514,930
189,0375
7,859380
748,1537
24,685 7 34,750 502,978 73,2157
6,10 , 0
617,5342
1,759,380
130,6830
86, 2467 46,0 0 1,2580 143,98267
3,2804 l7048^63 6,34,193
10,86 0 5,364190 56,897416
Capitl
372(0, 9,26875 7,0 0
748,1537 42,370 108,360 89,6543
Total
Refundig 58,4987 19758.75 5,10 0 7,0 0
617,5342 42,370 61,50 721,0542
Capitl
$
New
Total
-194
Capitl
New
OSUMFARY
$
694,850
$
108,3512 1764,25 4,16875
40,67326
130,6830
-1943
$
'
$
New
15,0 0
36,25 0 509,30 149,0
6,10 0
701,6850
Retunchg 34.75,0 502,978 49,036 0
6,10,0
592,84 7
$
$
-194
ACHANRDTE Capitl
46,9806 17,598 03
127,35693
Refundig 12,9 0 38,50 7,869 0
Refundi g 59,2860 273~6 ,87
$
—1943
345, 670
9,50 , 0 31,25 0 2,0
Total
43,8570 30,6450 12,36519 86,5 891
New
1,801,50
"148,10
$
132,895
46,280 30,6450 38,07580
2,43 , 0
1,50 0 21,530
531,250
340, 0
Refundig 4,0 ,0 73,85 20 15,960 2,056,0
-194
MOFYCEITAVNRBSH
OMFTYCIEHVNABRES
Capitl
$
4,591,02
15,280 4,093 0
$
New
97,05 20 34,82 0 35,41 501
427 50
13,69120 50, 80 207,3450 5,0 31,5970 "36 ,96
8,67 350
$
Capitl
427, 50
31,650
Refundig 50, 80 198,6570 5,0 26,5870 "36 ,90
-1940
47,2810 12,09 97,3860
103,6120
10,478 0 20,38190 l769~,'780 798750 39,8 70 65,810 213, 840 5,0 0 47,28190 "51 76 1,09 780 9,4876 39,0748
65,81 0 20,750 5,0 27,10 51 ,0 1750,6 35,180
$
$
1,520, 0 6,951,23
New
24,685 7
5,0 0
108,3512
10,3640
1,
1,759,380 21,78310 1,520, 0 1,951 23
15,02380
15,3870
OOFCT:B,ER Domestic— bonanodtedss ; stock stock bonanodtedss :- stoc.k stock foreign- bonanodte-dss ;stock s;tock- corpate- GovernmtforgeoveirgnmntLGoaaanvcndie,s PSostaeeins, toal fdinignculuoordeets /OOCT,BFER NBootaens-ds utiles esccototep.allr,,,manuf — aacensodri indausntrdl bueildtncgs, Ittnrrvaeusdtsminng,,Miscelanous SBNhooortatn-eTnsed-dms1 u;tiles sccetooepall,,,manufctr_es oi industral_and bueildtncgsI, Z~ Intvtrerusatmsdinng,M,iscelanous utiles s1ccteooepall7,,,manufctres. a;ndoiinduasntrdl bueildtncgs, . Inttvrreusatmdsinng,,Miscelanous utiles sccteeooptall,,r,manufces andoriinduasntrdl buieldntgcs, Intvresutmsn,M;iscelanous csoercpuriatte
&'"Municpatl—S.es,
MONTH
Long-term Short-em Pref red Com on Candi — Long-term Short-em Pref red Com on Other Long-term Short-em Pref red Com on Total
Can dian Other
Corpate—
Grand
Farm
United
♦Thes
MONTH
Long-Term Railroads Public Iron, Equipment Motors
Total
Other Land, Rub er
Oil
Ship ng
Railrods Public Iron, Equipment Moatnords Other
Land, Rub er
'Ship ing
Total
Stocks—
Railroacis Public Iron, Equipment Motors Other
Total
Land, Rub er
ship ing
Total—
Railroads Public Iron, Equipment Motors Other
Land, Rub er
ship ing
Total
N>
OJ
tsl CsJ
1,827.630 35,710 17.45,190 68,1532
Refundig 49,0537 24,5610 120,839 6 3,26 92
269,830 382,49 8 3,20 0
S
40-
-19
1473*5.O 17,30 8,513,0 1,350. 0 158, 0
30.9, 0 73,49 0 317,05 6,250
s
1,827630
Refundig 21,50362 08,1390 31,50 73,54 735 105, 0 7,50 20 49,67930
-1940
418,70 571,68254 2,150
Capitl 378,2093 1,0 0 50,61794 65,34861
New
**-
2,0541970 37.54,0 185,230 5 74,2 54
Capitl 725,06 8 18,672.53 74,60593 73,92074
$
New
421.875
816,0.25 2,0 0 10.58,4 16,38276
$
$
capitl
$
New
Total
$
421,875
2,410597623,381458982,7709
Refundig 107, 50 824,6.20 62,40 3,4980 123, 6517 74,5620 27,069 0 4,60 57,28 95
5,0 0 9 0, 0 7,0 ,0
15.0, 0
1,360
54,50
-
;
4,0 0 640,135 0 365,41079
-194
456,10938 1,50 0
43,60 48,29 6
50 ,0
Total'-;
360,950 162,4387
50 ,0
250, 0
23,160 326,9 80 6,850 3,40 5379*8623 51,430 1,203 0 5,40 0 52791,05
Capita}
1,2560
9453,7462,708
New
40 ,0
1,0 ,0
1,0 0 57402,8 4
278 ,270
470 ,0 10,28 094 15,4 .850 247,0264 2,0 0 48, 091 20,95 0 3,4250
20471,36 108,3745 2.Q150 95,0 17,80
1,20
1,20
59,743 5 15,0
2,53 20 5.921,875
618,390 38,0 . 0 83.10,843 32,410735 20,5 0
520, 0.
13,68.0 273,68 0 13,250. 1i84,20 17,0 0 7,21,0 2,05,0 9,73,0
Tp-ta.l
1,0 ,0
37,0 0
38,0 0 16,94 0 1,07,54 93.618,29
l7 93,0
50 ,0 0
15,0 0
15,0 147531,20 48706,473
5,260 14,08 3.250, 520,0 j; 67,83597 17,0 0 150,0 2,05 0 8,0 0
50 ,0 0
2,0 0
2,50 2,38 0 1,07 54 45, 765
:
r'
8,6 3,81 38,250
-19 Refundi g 10,75 .0 241, 0597
21,035 352,190 324,6795 7,490
-
8
2,019875
1,706.4817
FCOREPIGNAT/
OSUMFARY
Capitl
New
$
'
Capit l
5
1
76,130- 259,7.0 10, 0 16,3(2;403 "O07lQ,
'
14,32,657920980418 NOCGORREPUWPFIATE 4716028,,515810393
'!
*•'
•
f;.
:'
2 0, 0
347650 85,70 0 2,51 0 1,50,0 84,7650
*'
Refundig 43,8250 957,0264 10,4 0 139,8275 43,06714 2,51 0
37,56 0
$
83,961 8
Satneds
116,582,95978
10, 0 750, 0
1,74298
2 0, 0
Capitl 84,350 19,4 358 7,50 0 203,847215 42,6385 1:560,m 47,1940 406,73826
$
New
179,3867 iM'm
5.2C,0 17,29 380 4,267,54 52Q, 0 13574 , 3 17,0 0 150,0 2,518,795 3,0167,53
528,170 1,0856492 19,8750 2 0, 0 614.3O90 95,83 0 2,510 46,50 0 97823,540 103, 68
10,75 0 89,01 30. 12,96730 45,0 0 6,81 375
2,0 0
2,0 0
603
3,125347
12,750 104,27;98 1,987,50 268, 5930 10,3690 4I"0 ,0 97823,540 18.251,8
10, 0 750, 0 2,0 0
9453,7462,708
520, 0
13.,680 291,6091 14,267 54 314,8 129 17,0 0 7,21,0 2,5.18,795 13,29 0
$7iW,653
468*795
'
Total*'$'" 518,70 976,58 0 17,90
2,7163904 ACHNARDTE
3,50 . 0
Ij3 ~2'347 63,92430 76,130 274,31052 10, 0
.
m
New
-194
468,795
•,
$
2,1509762,334184588927,09
<■
J-'
*'
;
4,0,0
95,0 0
29,10 15,90.6 2,0 ^ 0 3,0 264.5,1 124^57,0 2,0150 2,53.20 23,7185 041867
-
^
^
Refundig'?
-1943
4,730 208,95 67 14,20
385,7 26 2,0 0 128,9473 73, 6582 21,0 0
5
New
2,6189740 721,035 356,920 53,68942 1,70 0
$
•
3,48196
Capitl
2,09178 0 12,750 376.05,34 82,0640 59,20
f
29,10 18,4 20 2,0 0 3,0 0
*
603,48716 73,950 325,86109
24,60835 57,340 14,75106
Total
36,84790 62, 1065 15,0 0 2,53 20 9,21875 126^93,05 4,6580 398,2790 4.20,0 3,0 0 317296,05 145,0 5,4/7506 *95,60 2,53 20 *28,1 75
2,0 0
S
16,2579- 2,50 2,75318 28,405 2,50, 0
New
250, 0
16,4278 148,59267 23,160 349,68720 6,850, 0 3,40 105,2378 51,430 1,203 0 5,40 0
17,25803 18,67253 2l78,04 10,982 0
2,0 0
Refundig 15,4 850 243,61980 2,0 (30 45,963 40 19,25 0 3,4 50
-1942
2,550,24196 37,5184,0965 199,58,3315 1241,03,0957^57
"149,73(^8
1 ,3621 13,205. 923,78615 69.40, 3,4980 136.507 4 74,5620 27.69,0 4,60 63,5086
4,6580 362,08 4,20 0 3,0. ,0 25076 ,0 128,30 5,47,50 "95,0 0 18720,
.
50, 5743 90, 0 386,4 *0 236, 81
Capit l
16,43782 259, 479 36,210 1,2735489 76,250 6.938,0 30i75 ~27 125,970 28,370 50, 0 250. 0
204,50
792,60857 90, 0 43,8075 380,9 78
485,60. 1,20 0 102,5784 13,69017
$
$
79,34 269 1,306 0 27,04123 1,530 1478* 9785 124,06358 26,503.2 759,480172 31,50 1,306. 0 103,49 67 19,50 7,50 20 1,53076* 67,34 78
,
5,0 0 2,350 7,0 0
Total
Relundl g 452,81403 15,0 60,35 60 3,568. 0 18,0 0
1943
10, 0 1,0 0 27,48561 1,9350 4,09 0 46,85432 875,0 1740 ,0 2,09 780 31,267302 15,96015 108,56398 12,75803 7,640 6,250 4,09 0 87, 1.697 12.675,0 1,0780 1,40 0 2,09 780 1,350 150,98372
250, 0
30,821 0 1,5390 69,250 6,9380 17,3280 125,970 28,70 50, 0 i6*2~q7o
S
'
514,2895,82347801
'
„
43,8250 1,03985 2 10,4 0 261,895 43,06714 2,51 0 45,0 0 4,381975
2 0, 0
2,16 72 1,987,50 146,8920 10,3890 9,823,540 1,435 13 20,91325 84,350 41,7 03 9,48750 352, *145 2,71 53 •1750*. 9,823540 58,63491
'
572904,2,6260188.9375
3OECTN1DBER bonaonted_dss r-~— stock. stock— bnoaontedsds ■ stack-— stock foreign—bonaontedss —, stoc-k stockr—— j^6co1rp-ate Governm—t governmtGaavcnis-d,&M,u—nicptal—eStes,Posin bfiundofcintgalyidnuoerseets 3OCET1NBDER NoBteaosn-ds —util—esr.ccTo?poea,l,manufctres-,— aces.ori mainunafctdrigu-n—stdrl betcu.—ildngs^ "——vheotrtltardcuin.sg,, r——, — NBateosn-ds 7—- util.—es—etccoopal,,manufctres oies mainanufdcturnigs-—tdrl beui—ltdcngs, •—hetortaltrdcuinm.sg,, - : util—esetcco—poar,l,ma-nufctes acesori—u.T mnifantdg,unstrdl betuc.-il—dn:gs, s—t•—:r heotrltadtcrinu.gs,^?— — -ut—tilesec.Tcocpoear,l,manuftrs-,— ceoi manufaitrng-—dnusdtrl ebtc.-,u—•i«ldngs, *—r-heotrltdactinr.ugs,, — 61,25securitcor—pate
MONTHS Long-term Short-?em Pref red Com on Long-term Short-em Pref .red
Domestic—
Candi —
Com n
Long-term Short-em Pref.red Comon
Total
foreign Staes
Can dian Other Loan
.
I
10 ,0
,
'
3,72504169;,462.17083^96-5,10>73729.SUtinhaBNperuPlsodMc.wvEadVkmfntIGfForhecbvamligodugurnicspltye.sYFEOIAMVTNRCFDSSEHOUITASNRIHED 2,05134798360,964528
YFEO3IAVMNTCRFD1SEHIMLAFAUG.ONCVRERGPNDMT*
Refvtndig 30,97230 1,0 .0 7,58.24 2,692,570
-1942
3,0 0 24,5610
910, 0
108,56398 93,6297 5,70 0 6,250 4078~2",65 1,80 1,07,80 1,350, 0 109,38270 378,2093
$
New
1,8927350
$
•-
Capitl
4,0 0 821,54068 1,50 0
802,380
-194 Refundi g 18, 965 1 0,5 9732
1,32496
Total
2,5610 14,0. 0
—J
•-
s
$.
875,0
13,0 0 35,710 106,834910 1,935,0 5,40*760 73,895.64 i74o 76 5 3,629,780 46,09*7159 240,6513 35,09 81.23, 0 318.90, 6,250, 0 5,40 0 190,3 64 132,750 8.513,0 1.40, 0 3,629,780 1,350, 0 217,9465
1,490537 5,0
1,
Total
2,6 1,0 14,0 0
5,0 0 910, 0
*"8670,9
$
*
Total
68,5390 953,68243 5,32 0
Total
Corpate—
r
':
Other
.
Farm
*
United
toal "Thes
Grand
MONTHS
10
Eong-Term Public Isrtoen,l, Equipment Maontdrs
Other
Land,
MeiShp ng Invstmn iscelanou — Short-Tem Railrods ste l, Equipment Maontdrs
Total
Public Iron,
Other Land,
Ship ng Investmn
Miscelanou
Total
Stocks-—^ Lailrods Public Isrteon,l, equipment Maontdrs Dther ",dna^ Rub—e.,r investment Miscelanou
Total
lairoa—ds ste l, Squipment and — Rub-e—r Shiprng investm Miscelanou
Public iron, Mot rs Dither — L,and,
Dil
Total
Monday, November 20, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
2224
"
r""!
' J.
'
(Continued from page 2221)
&
Reynolds & Co., Scott & Stringfellow, Chas, W.
& Co., Singer, Deane & Scribner,
William R.
G. H. Walker & Co., Wertheim & Co., White
Co.,
Staats
Weld
&
/
'
.
Yarnall & Co.
Whiting, Weeks & Stubbs,
Co.,
PUBLIC
UTILITIES
530,000 ,000 Arkansas Power & Light Co.
Co., Schwabachei; & Co., Stern
Brothers & Co.,
Dempsey & Co., Gregory & Son, Inc.,
Thomas & Co., E, W. Thomas & Co., Ames, Emerich
&
Co., Inc., R. L. Dav & Co., R. S. Dickson Si Co., Inc., The
First Cleveland
Corp., First of Michigan
Corp., Robert
Hawkins & Co., Inc.. The Illinois Co. of Chicago, Mullaney
Ross & Co., The Robinson-Humphrey Co., Stifel, Nicolaus
& Co., Inc., City Securities Corp., Green, Ellis & Anderson,
Heller,
Bruce & Co., Moore, Leonard & Lynch, Nash¬
ville Securities Co., Sills, Minton & Co.,
Inc., WachobBender Corp., Welsh, Davis Si Co., Arnhold and S. Bleichroder, Inc., Barrow, Lcary & Co., Boettcher & Co., Clement
A.
Evans
& Co.,
Inc., Martin, Burns & Corbett,
Inc.,
Morris Mather & Co., Metropolitan St. Louis Co., Newhard,
Cook & Co., Alfred O'Gara & Co., Rauscher, Pierce & Co.,
Inc., William R. Staats Co., Townsend, Dabney Si Tyson,
Webster Si Gibson,
Wheelock & Cummins, Inc., Wurts,
Dulles & Co., F. S. Yantis & Co., Inc., The Bankers Bond
Co., Inc., Bioren <fe Co., Brooke, Tindall Si Co., John B.
)
1
'
i
,
!
;•
Hopwood, Putnam &,Co., Reinholdt &; Gardner, .Reynolds
& Co., Riter & Co., The Robinson-Humphrey Co.,; E. H.
Rollins & Sons, Inc., L. F. Rothschild Si Co., Salomon
Bros.
& Hutzler, Schmidt,
Poole & Co., Schwabacher Si
>
Stuart
Halsey,
&
Arnhold
Co.,.'.Inc.,
.
3V<,
and
Deane
&
f.
•
Bosworth,
&
k ' '"
:
Burr
Co.,
Inc., John B.
Co.,
&
Equitable Securities Corp.. Ferris,
The First Cleveland Corp., Glore,
.end,
Carroll & Co., Courts
& Merle-
& Co., R. L. Day '& Co., Dempsey & Co., Dick
Smith, R. S. Dickson & Co., Inc., Dominick &
,
•
.
...
& Cb., Bioren Si Co., William Blair & Co.<,
Chanute, Loughridge &c Co., Brooke,
Tindall
Bear, Stearns
;
Dominick,
Exnicios & Co., Inck
Forgan & Co., Gran-
V'
/.
Son,
f
Corbett,
Inc.,
&
Moran
Co.,
Lynch,
•
:
and F,
by
/'
'■
bonds.
with
bankers
same
& ref. mtge. 2-14& bonds,
refunding, Price, par and
as offered the bonds due
y"'/- ;,y
sinking fund
<•. y,:■/
,,
purchase of properties.
companies.
Purpose,
Placed privately
,,y 'yy'-'ri-
<
insurance
two
Co. 4^/ collateral trust bonds,
due Oct. 1, 1964.
Purpose, refunding.
Price, 101 Va and
int.
to
yield 3.89'L,
Offered by Dillon, Read & Co.,
Allison-Williams Co., Bacon, Whipple & Co., Alex. Brown
7,000,000 Twin
&
y
^
^
Rapid
City
Sons,
Transit
M. Byllesby
H.
and Co., Inc., Cent. Repub.
Co.
(Inc.), J. M. Dain & Co., Equitable Secur. Corp,; Frank
Beiden, Inc., Hirsch, Lilenthal & Co., Kalman & Co.,
.
&
vyyy
Ine.j
y
Kidder,
The
&
Co.,
&
Co.
Co.,
Curtis,
Inc.,
.Gardner,
& Co., Laurence M. Marks & Co.,
F. S. Moseley. Ss Co., Paine, Webber,
Park-Shaughnessy & Co., Arthur Perry
Peabody
Milwaukee
Jackson &
Yantis Si Co., Inc.
S.
Offered
1967.-'
.
Ross
Mullaney,
Nov.
*480,000 Texas Southeastern Gas Co. 1st nitge.
Marx; & Co., Mason-Hagan, 'Inc., Mason,
A. E. Masten & Co., Moore, Leonard &
& Co., Nashville Securities Co.,
Newburger & Hano, E. M. Newton & Co., Otis & Co., ParkSlmighnessy & Co., Peters, Writer & Christensen^ Inc.,
Phelps, Fenn Si Co., The'Robinson-Humphrey Co., E. H.
Rollins Si Sons, Inc., L. F. Rothschild & Co., Schoellkopf,
Hutton & Pomeroy,
Inc., Schwabacher & Co., Chas. W.
Scranton & Co., Shields Si Co., Singer Deane & Scribner,
Walter St.bkes & Co., Swiss American Corp., Thomas '&
Co.,
Spencer Trask
& Co.,
Tucker, Anthony & Co.,
Wachob-Bender Corp., H. ,C. Wainwright & Co., Weeden
& Co., Inc., Wheelock & Cummins, Inc., Harold E. Wood
& Co.,
Wurts, Dulles & Co., Wyatt, Neal & Waggoner
•v'V
1,
due
int.
^
Heller,
S
Electric Co. 1st
1974,;
Purpose,
65,000,000 Philadelphia
Marache & Lord, Green, Ellis & Anderson, Gregory
Inc., Hannahs, Ballin & Lee, Ira Haupt & Co.,
Bruce & Co., Hemphill, Noyes Si Co., Hill & Co.,
Hirsch, Lilienthal & Co., The Illinois Co. of Chicago, Robert
C. Jones & Co., A. M. Kidder & Co., Martin,
Burns &
bery,
&
Co., Stein Bros. &! Boyce, Stern Brothers & Co., Walter
Stokes, & Co., Stqnc
Webster and Blodget, Inc.,. Stroud
& Co., Inc., Swiss American Corp., Thomas & Co., Towns-.
Dabney and Tyson, Spencer Trask & Co., Tucker.
Anthony & Co., Union Securities 'Corp., G: H. Walker
& Co., Weeden Si Co.,
Inc., Wertheim Si Co,,* Wheelock
&
Cummins, Inc., White, Weld & Co., Dean Witter &
Co., Harold E. Wood & Co. and Yarnall & Co.
-
i
Chas. W. Scranton & Co., Shields Ss Co., Singer.
& Scribner, William R.
Staats Co., Starkweather
Son,
int.
S.
Bleichroeder, Inc., Atwill & Co., Baker, Weeks & Harden,
Parsons &
Graham,
Co.,
•,.v.
Co.,! G. H. Walker & Co., Whiting,, Weeks & Stubbs, Dean
Witter & Co. and Woodard-Elwood & Co,
Offered;by
1st mtge. bonds, 3series,
due
1974,
Purpose,
refunding.
Price, 104 and int.
Offered by Halsey, Stuart & Co., Inc., A. C. Allyn & Co., ■
Inc.
Blair & Co., Inc., Central Republic Co.
(Inc.), Otis
& Co.. Phelphs, Fenn & Co., E. H, Rollins & Sous, Inc.,
Schoellkopf, Hutton & Pomeroy, Inc., Coffin & Burr, Inc.,
A.
G.
Becker & Co.,
Inc., H. M. Byllesby & Co., Inc.,
Hornblower Si Weeks, William Blair & Co., Burr & Co.,
Inc., Hayden, Stone & Co., The Milwaukee Co., Arthur
Perry & Co.* Inc., Dean Witter & Co., Field, Richards &
Co.7 'Pacific' Co~ ~qT"CAlifofrtltt;Paih'C, Weliber," Jackson
Si
Curtis,, Perrin, West Si Winslow, Inc., Arthur Perry
Ss' Co., Inc., Peters, Writer & Christensen, Inc., Phelps,
Fenn Si Co., Phillips, Schmertz & Co.;
Piper, Jaffray &
:
&
-i: - - Moseley«& Cot, Mayhard. H. . Murch & Co,, Reynolds &•
•> i
■
31,500,000 Narrangansett Electric Co. 1st mtge. bonds, series A,
due
1974.
Purpose,
refunding.
Price,. 105.08 and
'536,255 ,000
V/'f T-".
H.
Higginson Corp., Laurence M. Marks & Co.,
Mitchum,, Tully & Co., Moore, Leonard & Lynch, F. S.
'
Co.,
Co.,
&
Lee
Co.,
Scranton
Co.,1 Folger, Nolan & Co., IncM' Carter
Hayden, Miller & Co., W, E. Hutton
D'ain
M.
Harrison
Jaffray Si Hopwood, Reinholdt &
Shields & Co., Tucker, Anthony
Piper,
Riter
and
&
Co.*
Woodard-Elwood & Co.
:
•
'
Carroll
i
;
&
Courts
Co.,
■
Reinholdt
&
Feb.
•
1
'
1
4
'j
I
:
.
:
i
1,
Parsons
i
>
E.
Harold
"L"
Co.
&
Edison
•
Co..
&
Harriman
&
Gregory
Ripley
&
Co.,
Miller
&
;
:
'
k
/
.
■
r
■
■
-
•
'
■
Co.,
Si
d
;
.
1
Heller, Bruce & Co.,
Hemphill, Noyes & Co., Hickey & Co., Hill & Co., J. J. B.
Hilliard & Son, Hornblower & Weeks, The Illinois Co. of
&
!
Co.,
E.
:
Inc., Phelphs, Fenn & Co., Piper, Jaffray Si Hopwood, R. W. Pressprich & Co., Putnam & Co., Quail &
Co., Ranson-Davidson Co., Inc., Rauscher, Pierce Si Co..
Inc., Reinholdt & Gardner, Daniel F. Rice & Co., Riter
1
(
Si
Co.,
E.
'
H.
Rogers & Tracy, Inc.,
Rollins & Sons, Inc., L. F. Rothschild & Co., Salo¬
Bros.
&
Hutzler,
Schoellkopf, Hutton Si Pomeroy,
mon
Robinson-Humphrey
Co.,
Scranton
j
Minton
&
&
Shields
Co.,
Co.,
Singer,
Inc.,
Deane
i'
&
Co.,
Smith
Bros.
&
S.
E.
Wood
Yantis &
due
Feb.
1,
following
Co.,
Woodard-Elwood
&
Co.
and
1st mtge.
Purpose,
insurance
•.
3%
refunding.
companies ' in
bonds,
series
Issued
exchange
i
to
for
of
ance
Co.
Co.,
New
John
York,
Northwestern
Hancock
Mutual
Life Assurance Co. of Canada,
Mutual
Co.,
Benefit
Life
Mutual
Life
Insurance
Co.,
L,
the
Co., and Provident
Philadelphia.
Sun
Massachusetts.
Kidder,
Cot,
Co.,
Life Insurance
1962,
due
Offered
Anthony
&
Co.
and
Whiting
Weeks
»
1, 1959.
purposes
fered
Blyth
by
..
,-V
&
•
•
.
3U- sinking fund debentures, due Oct.
Purpose, refunding (83,528,877) general corporate*
&
Co..
Inc.,
The
101J4,
Co.,
/First
to yield
Glore,
Boston
2,90'^.
Forgan
Corp.,
&
j
;
"•■/
(
.
•
&
Blodget,
Marks
Si
Co., Harold E. Wood
Yarnall & Co.
yy>
&
Co.,
J.
J.
B.
Hilliard &
Son,
&
Co.,
.
*'
Bisseil
co-
&
i-ee
Meeds,
W.
C.
& Co.,
The
Leonard
& Co.,
Co,;
Scranton
Goldman,
E.
Masten
&
Co.;
Merrill Lynch,
Turben & Co,; The
Co.; Mitchum, Tully
Corp.;
Riter
Co.;
Si
Piper, Jaffray
& Co.;
Putnam
Co.; Robinson-Humphrey
Rollins & Sons, Inc.; L. F. Rothschild,& Co.;
&
Stein
y. .y
Scott & Stringfellow;
Shields
Co.;
&
Moore &
&
Co.;
I.
Scribner; Smith,
&
Co.; William R. Staats Co.;
&
Bros.
Stern
Boyce;
Chas. W.
Simon
M.
Barney
&
Si
Co.;
Co.;
Smith,
Starkweather & Co.;
Brothers
Si
Co.;
Stillman,
Maynard & Co,; Stix & Co.; Stone & Webster and Blodget,
Inc.; Stroud Si Co., Inc.; Swiss American Corp.; Townsend, Dabney & Tyson; Spencer Trask & Co.; Tucker,
Anthony & Co.; Union Securities Corp.; J. D. Van Hooser
&
Co.;
H.
G.
Webster
Si
Walker
&
Co.;
Weeden
Gibson;
Watling,
&
Co.;
Lerchen
Si
Co.;
&
Wertheim
Co.;
Whiting, Weeks & Stubbs;
The
Wisconsin Co.; Dean Witter & Co.; Harold E. Wood Si
Co.; Woodard-Elwood & Co.; Wurts, Dulles & Co. and
White,
&
Weld
Yarnall
Co.;
Co.
Sc
.
Cigar Corp.
refunding.
Dillon & Co.
*6,500,000 Consolidated
Purpose,
Companies^
*7,000,000 Frazer
due
Jan.
1,
2'4
serial notes, due 1945Placed privately through East¬
Ltd. 3 (2 fr< 1st mtge. Si coll, trust
1965.
Purpose, refunding.
Plucecl
United States.
in the
privately
23,000,000 Koppers Co. 1st mtge. bonds 3T
..
.
&
-
v
,
y
,
.y
;
series, due Oct. 1, 1964.
102 and int. Offered-by Mellon
Allyn & Co., Inc.; Baker, Watts
Inc.; Alex. Brown & Sons; Coffin
-Purpose, refunding. Price,
.
Securities
y
Blyth
Co.;
A.
Corp,;
&
C.
Co.,
& Burr, Inc.; The First Boston Corp.; Hallgarten & Co.;
Halsey, Stuart Ss Co., Inc.; Harriman Ripley & Co., Inc.;
Harris, Hall & Co., Inc.; Hayden, Miller & Co.; Hemphill,
Noyes & Co.; The Illinois Company of Chicago; W. C.
Langley & Co.; Lazard Freres & Co.; Moore, Leonard &
Lynch; Reinholdt & Gardner; E. H. Rollins & Sons, Inc.;
'
Singer,
Deane
Scribner;
&
Securities
Union
Weeks
;
&
Corp.;
Bros,
&
Boyce;
Stifel,
Inc.;
White, Weld & Co. and Whiting,
Stubbs.
*11,400,000 Koppers Co. serial
April 1, ,.1945-Oct.
100.
Stein
Stone Si Webster and Blodget,
Nicolaus, & Co., Inc.;
Underwritten
$23,000,000
bonds
(1^.-2.50Cc) notes, due semi-annually
1,
by
but
1954,
Purpose,. refunding.
Price,
same bankers as underwrote the
placed privately with institutional1'
investors,
.
;
;;
Chemicals, Inc. A'} notes, due 1959, Purpose,refunding ($1,136,000/ corporate purposes ($364,0001. Sold'
privately to Mutual Life Insurance Co. through Smith,-:
*1,500,000 Sharpies
Barney
Si Co.
$149,400,000
Horn¬
MISCELLANEOUS
*$1,400,000 (The) Fair 15-year 4ri. mortgage loan.
Purpose, refund¬
ing.
Placed
privately with
Equitable Life Assurance
Society of the United States,
.
"
*4,700,000 United
'
sinking
Co.. McDonald & Co., Laurence M. Marks
Milwaukee Co., Minsch, Monell <fc Co., Moore,
Stockyards Corp, 334f>
fund
privately
&
Lynch. F. S. Moseley & Co.. Mullanev Ross
Newburger & Haiio, E. M. Newton & Co., The Ohio
A.
Co., Inc.;
Perry
Pressprich
W.
Gardner;
Singer, Deane
Hard-
.
Arthur
R.
&
E. H.
bonds,
Langley & Co.. Lazard Freres &
Lehman Brothers. McCourtnev-
Inc.;
Mellon Securities
Inc.; Schwabacher & Co.;
& Co.,
Corp.-,
Co.;
Salomon Bros. & Hutzler; Schoellkopf, Hutton & Pomeroy,
V;
Breckenridge
;
&
Weeks,
Higginson
Forgan &
Glore,
Sons;
Mason-Hagan,
Co.;
Hopwood;
Co.;
y
The Illinois Co. of Chicago, Edward D.
Johnston, Lemon & Co., Kalman Si Co., Inc.,
Kebbon. McCormick & Co., A. M. Kidder & Co., Kirkpatririk-Pettis Co,. Ladenburg. Thalmann & Co., Laird,
Goldman!
Si
Reinholdt
v
Field.
&
Richards
Hill
Parrish
'
'
of Michigan
Bruce
Field,
Newbold's Son Si Co.; Newhard, Cook & Co.; E. M. Newton
& Co.; The Ohio Co.; Paine, Webber, Jackson & Curtis;
C.
Heller,
Farwell,
Co.;
&
yV-XA& Co.; Moore, Leonard & Lynch; F. S. Moseley & Co.;
y y
Maynard H. Murch Si Co.; Nashville Securities Co.; W. H.
and
Co.,
Clark
Hardgrove;
Fenner & Beane; Merrill,
Milwaukee Co.; Minsch, Monell Si
Inc.,
The
&
Pierce,
man,
Stubbs,
Si
McDonald'Ss Co.;
y
Wisconsin
&
Ferris
Miller Si Co.; Hayden,
1953.
Weeks
Garrett
Co.;
Weeden & Co., Wertheim & Co,, White,
Whiting,
Fahey,
Inc.;
Co.,
Co.;
W. C. Langley Si Co.; Lazard Freres & Co.; Lee Higginson
Corp.; Lehman Brothers; Carl M. Loeb, Rhoades Si Co.;
W. L. Lyons & Co.; Mackubin, Legg & Co.; Laurence M.
Sutro & Co., Swiss American Corp.,
Co.,
&
'Ss
Corp.; Janney & Co.; Johnson, Lane, Space & Co., Inc.;
Johnston,
Lemon & Co.; Kalman & Co., Inc.; Kean,
Taylor Si Co.; Kebbon, McCormick Si Co.; Kidder, Peabody
&
Co.; Kirkpatrick-Pettis Co.; Laird, Bissell & Meeds;
y
■y
Jones & Co.,
&
'•
&
blower
Of¬
Co.. Lehman Brothers, Mellon Securities Corp., Stone
& Webster and Blodget, Inc., Piper, Jaffray & Hopwood
Union Securities Corp., Eastman, Dillon &■* Co.. Shields
6c Co., White, We id & Co., Bacon, Whipple & Co.. Alex.
Lrown & Sons, Clark, Dodge & Co., Coffin & Burr. Inc.,
^
Corp.,
Foster
& Co,,
Lord,
Gregory & Son, Inc., Hallgarten Si Co., Halsey, Stuart
& Co., Inc., Wm. P, Harper & Son & Co., Harris, Hall Si
Co.
(Inc.), Hawley. Shepard & Co., Hayden, Miller &
Co..
Sachs & 'Co.. Harriman Ripley & Co., Inc.. Hemphill, Noyes
.
and
Co.;
(Inc.); Hawley, Shepard & Co.; Hay¬
Stone & Co.; Hemphill, Noyes
& Co.; J. J. B. Hilliard & Son; Hirsch.
Lilienthal & Co.; Hornblower & Weeks; W. E. Hutton
& Co.; Illinois Co. of Chicago; Indianapolis Bond & Share
den,
-
Si Boyce,
Inc., Stix
Farwell, Chapman & Co., Ferris &
Richards & Co.; The First Cleveland
Corp., Folger, Nolan & Co., Inc.,
'& Marshall, Glore, Forgan & Co., Goldman, Sachs
Graham,
Parsons
&
Co.,
Granbery,
Marache &
First
Corp.
(86,471,123'.
Price,
Kidder. Peabody &
Webster
&
Loughridge &
Chanute,
Sons;
M.
Harris, Hall & Co.
y ;
B.
grove,
'
Stubbs.
£0,000,000 Greyhound
A.
Clark
& Co., Coffin & Burr, Inc., Estabrook
Paine, Webber, Jackson & Curtis, Arthur Perry &
Tucker,
'•
•
Peabody
Inc.,
Co.,
Si
Si Co.; First Boston Corp.; First of Michigan Corp.; First
Trust Co; of Lincoln, Neb.; Folger,
Nolan & Co., Inc.;
;
Robert
Inc.,William Blair & Co., Boettcher & Co., George
Bonbright & Co., Bosworth, Chanute, Loughridge
J. C. Bradford & Co., Alex. Brown & Sons, Brush,
Slocumb & Co., H. M. Byllesby & Co., Inc., Central Re¬
public Co.
(Inc.), Chace, Whiteside & Warren. Inc., E.
W, Clark & Co., Coffin & Burr. Inc., ,C. C. Colllngs &
Co., Ine:, Courts & Co.,* Cruttenden & Co. Curtiss, House
& Co., J. M. Dain & Co., Davis, Skaggs & Co., R. L. Day
& Co4 R. S. Dickson & Co., Inc., Francis I. du Pont &
Co., Eastman, Dillon & Co., Equitable Securities Corp.,
Estabrook <fc Co., Clement A. Evans & Co., Inc., Fahey,
Insur-
Massachusetts Street Ky, gen. mtge. 4f,V bonds,
Purpose,
refunding.
Price,
102and
int!
by F. S. Moseley & Co., The First Boston Corp.'
5,950,000 Eastern
&
Mutual
!,
& Co..
Aetna Life Insurance Co., New
Connecticut General
Insurance
Co. of
Bros.
&
Evans
;Vyi^rv:y.:; Chapman
Co.,
D.
England Mutual Life Insurance Co.,
Life
Stein
Nicolaus
Bosworth,
Co.;
H.
'••"y: i'.y;y;y
Sachs & Co.; Graham, Parsons & Co.; Green, Ellis Si
';::vV'\'.yv/',y;/ Anderson; Hallgarten & Co.; Harriman Ripley Ss Co., Inc.;
Merrill,
Mellon Securities Corp., The First Bostpn
Allyn Si Co., Inc., Almstedt Brothers, Geo.
G.
Applegale, Auchincloss,
Parker Si Redpath, Bacon,
Whipple & Co.. Baker, Watts & Co., Baker, Weeks &
Harden, Ball, Burge & Kraus, Ballou, Adams & Co., Inc.,
Bear, Stearns & Co., A. G. Becker Si Co., Inc., Blair &
first
Co.,
Co.,
<fc
Stifel,
&
Brown
Dick & Merle-Smith; R. S. Dickson Si Co., Inc.; Dixon
& Co.; Dominick Si Dominick; Drexel Si Co.; Francis I.
du Pont & Coy; Eastman, Dillon Ss .Co.;- Elkins. Morris &
y.yfyy-y-. Co.; Equitable Securities Corp.; Estabrook & Co.; Clement
A.
....
Offered by
Corp,,
Penn Mutual Life Insurance
Insurance
Life Insurance Co.,
Mutual
Life
&
int.
Prudential Insurance
ance
Beane,
&
Offered by Morgan Stanley
y
;:
65,000,000 Philadelphia Electric Co. 1st & ref. mtge. 23,47/>
bonds,
due Nov. 1,1967.
Purpose, refunding.
Price, lOOVa and
bonds, series VIC": Metropolitan Life Insur¬
Equitable Life Assurance Society of the U. S.,
Co. of America,' Mutual Life Insur¬
Co.,
Co.,
&
Company, Dean Witter
Woodard-Elwood & Co.
mortgage 3ck
ance
Stone
Co.,
Weld
•
Edison Co.
1977.
Starkweather
Webster & Gibson,
F.
Co., Inc.,
^•25,000,000 Commonwealth
,
&
Fenner
Pierce,
Oct.
working
"yy'v,:.,
v y ;
,
Tully & Co., Moore,
Co.,
Co., Inc.,
Co.,
Inc., White. Hattier & Sanford, Whiting. Weeks & Stubbs,
Geo. H. Willis & Co., Wisconsin Co., Dean Witter & Co.,
Harold
'■
'
Stroud &
Townsend,
Dabney & Tyson, Spencer Trask & Co., Tucker, Anthony
& Co., Union Securities Corp., Van Alstyne, Noel & Co.,
Victor,1 Common,
Dann Si Co., G. H. Walker & Co.,
Walston, Hoffman & Goodwin, Watling, Lerchen Si Co.,
Smith,
Scribner,
&
&
Smith, Moore & Co.,
Wm. R. Staats Co., Starkweather & Co., Stein Bros. &
Boyce, Stern Bros. & Co., Stifel, Nicolaus & Co., Inc.,
Stix & Co., Stone & Webster and
Blodget, Inc., Straus
Securities Co., Sfroud & Co., Inc., Swiss American Corp.,
Thomas & Co., E. W. Thomas & Co., Spencer Trask &
Co.,
Tucker,
Anthony
&
Co.,
Union Securities Corp.,
Wachob-Bender Corp., G. H. Walker & Co., Washburn
Co., Watkins, Morrow & Co., Watling, Lerchen & Co.,
Weeden & Co., Wertheim & Co., Wheelock & Cummins,
Barney
..
.
Laurence M. Marks & Co.,
McDonald & Co., Mellon Securities
Lynch,
due
loans,
Bums, Potter Si Co^; Butcher Si
Byllesby & Co., Inc.;. Central Republic
Co.
(Inc.); E. W. Clark St Co.;.Clark, Dodge & Co.;
Coffin & Burr, Inc.; Courts & Co.; Curtiss, House & Co.;
J. M. Dain & Co.; Paul H. Davis Si Co.; R. L. Day Si Co.;
Alex.
•'Sherrerd;
The Milwaukee Co., Minsch, Monell & Co.,
Co.,
Brothers
Stern
Robert
Co.,
&
&
Co.,
Si
Merrill
Staats
Stringfellow, Chas. W.
Showers, Sills,
Inc., Schwabacher & Co., Scott &
Boettcher
Leonard & Lynch, Morgan
Stanley Si Co., F. S. Moseley & Co., Maynard H. Murch
& Co., W. H. Newbold's Son & Co,; Newhard, Cook & Co.,
E. M. Newton & Co., The Ohio Co,, O'Melveny-Wagenseller & Durst, Inc., Pacific Co. of Calif., Paine, Webber,
Jajkson & Curtis, Perrin, West & Winslow, Inc., Arthur
Perry & Co., Inc., Phelps, Fenn & Co., Piper, Jaffray &
Hopwood, R. W. Pressprich & Co., Putnam Si Co., Rein¬
holdt
&
Gardner,
Reynolds & Co., Riter & Co., The
Robinson-Humphrey Co., E. H. Rollins & Sons, Inc., L.
F. Rothschild & Co., Salomon Bros. Si Hutzler, Schmidt,
Poole
&
Co.,
Schoellkopf,
Hutton
&
Pomeroy,
Inc.,
Schwabacher & Co., Chas. W. Scranton Si Co., Shields &
Co., Shuman, Agnew & Co., Singer, Deane Si Scribner,
Smith, Barney & Co., Smith, Moore & Co., William R.
Alfred O'Gara & Co., Otis
Paine, Webber, Jackson &
Newton & Co.,
Co. of Calif.,
Masten
bank
Co.; A. G. %ker & Co., Inc.; Biddle, Whelen & Co.;
Blair Si Co., Inc.>.William Blair & Co.; Blyth «fe Co., Inc.;
y'yy.:-';
.
Loeb, Rhoades & Co.,
Mitchum,
& Co.,
!'t
!
M.
Pacific
E.
Corp.,
Patterson, Copeland & Kendall, Inc., Arthur Perry
Curtis,
„
'
Co.,
&
i
A.
Turben
debentures,
3r,'o
short-term
pay
&
Slocumb & Co., H.
Republic Co.
(Inc.),
Inc., E. W. Clark & Co.,
Burr, Inc., Cohu & Torrey,
Central
Carl M.
Purpose,
Co.; A: C. Allyn & Co., Inc.; Almstedt Brothers; Auch¬
incloss, Parker & Redpath; Bacon, Whipple & Co.; Baker,
&
Co.; Baker,
Weeks & Harden; Bear, Stearns
Brush,
Sons,
1,969.
25-year
&
Co., Frank Knowlton & Co., Kuhn, Loeb & Co..
Laird, Bissell & Meeds, W. C. Langley & Co., Lazard
Freres
&
Co.,
Lee
Higginson Corp., Lehman Brothers,
f
MANUFACTURING
AND
Co.
Watts
Pettis
Johnson & Co., Not Inc., Kalman &
Co., Inc., Kean, Taylor & Co., Kebbon. McCormick & Co.,
Kidder, Peabody & Co., Laird, Bissell & Meeds, W. C.
Langley & Co., Lazard Freres & Co.. Lee Higginson Corp.,
Lehman
Brothers, Laurence M. Marks Si Co.,. Martin,
Burns Si Corbett, Inc., Mason, Moran & Co., A. E. Masten
Co., Morris Mather Si Co., McMaster Hutchinson & Co,,,
Mellon Securs. Corp., Wm. J. Mericka & Co., Inc., Merrill
»Lynch, Pierce Fenner & Beane, Metropolitan St. Louis
Co., Milwaukee Co., Minsch, Monell & Co., Mitchum, Tully
& Co., F. S. Moseley & Co., Mosle & Moreland, Inc., Mul¬
laney, Ross & Co., Nashville Securs. Co., Newhard, Cook
Joseph M.
Chicago,
y... 15,
Tobacco
.,;.:,y; capital.; Price, 101 and int.
y.y y
Chanute, Loughridge.& Co., Alex. Brown
M. Byllesby and Co.,
Chace, Whiteside Si
Warren,
Clark, Dodge Si Co.,
Coffin Si
Cooley Si Co., Courts
& Co., Curtiss, House & Co., J. M. Dain & Co., Paul H.
Davis &
Co., Davis, Skaggs: & Co., R. L. Day & Co.,
Dewar, Robertson & Pancoast, Dick & Merle-Smith, R. S.
Dickson
Si Co., Inc., Dillon,
Read & Co., Dominick Si
Dominick,
Drexel' & Co., Drumheller, Ehrlichman Co.,
Eastman, Dillon & Co., Elworthy & Co., Equitable* Securi¬
ties Corp.,
Estabrook & Co., Clement A. Evans & Co..
Inc.. Fahey, Clark & Co., Farwell, Chapman & Co., Ferris
& Hardgrove, Field,
Richards' & Co., The First Boston
Corp., First of Michigan Corp., The First Trust Co. of
Lincoln, Neb., Folger, Nolan & Co., Inc., Glore, Forgan
& Co., Goldman, Sachs & Co., Graham, Parsons Ss- Co.,
Granbery, Marache & Lord, Green, Ellis & Anderson,
Gregory & Son, Inc., Hallgarten Si Co., Halsey, Stuart
& Co.,
Inc., Hannahs, Ballin & Lee, Harriman Ripley
Si Co.,
Inc., Harris, Hall & Co., Inc., Hawley, Shepard
& Co., Hayden, Miller & Co., Hayden. Stone & Co., Heller,
Bruce & Co., Hemphill, Fenton & Campbell, Inc., Hemp¬
hill, Noyes & Co., Hehry Herrman & Co., Hill, Richards
Si Co.,
J, J. B. Hilliard & Son, Hornblower & Weeks,
W. E. Hutton & Co., The Illinois Co. of Chicago, Janney
&
Co.,
Johnson.
Lane, Space &
Co., Inc.,
Johnston,
Lemon & Co., Robert C. Jones Si Co.,
Kalman & Co.,
Inc., Kean, Taylor & Co., Kebbon, McCormick & Co., A.
M.
Kidder & Co., Kidder,
Peabody & Co., K irk pa trick&
'
.yy.
& Co., Bosworth,
-
INDUSTRIAL
$100,000,000 American
Auchincloss,
Inc.,
Inc., Harris, Hall & Co. (Inc.),
Hawley, Shepard Si Co., Hayden,
Hayden, Stone Si Co.,
Co.,
Hallgarten
Inc.,
Son,
&
Parker & Redpath, Bacon, Whipple &
Co., Baker, Watts & Co., Baker, Weeks & Harden, Bankamerlca Co., Bateman, Eichler & Co., Bear, Stearns &•
Co., A. G, Becker & Co.; Inc., Blair & Co., Inc., William
Blair & Co., Boettcher and Co., George D. B. Bonbright
:s
Co.
OTHER
C.
Co.,
Purpose,
Carter H. Harrison Si Co.,
A.
Inc.,
and
$509,930,000
int. to yield 2.80',v.
Offered by Blyth & Co.,
Allyn Si Co., Inc., Almstedt Brothers, Ames,
Co., Inc., Atkinson, Jones & Co., Atwill and
and
Emerich
Co.
1977.
3
104
:
\v
Walter Stokes
Wood
Gas & Electric Co. 1st & ref. mtge. bonds, series
7c, due June 1, 1974.
Purpose, refunding.
Price,
115,000,000 Pacific
Curtis, House & Co., J. M. Dain & Co., Paul H. Davis &
Co., R. L. Day & Co., Dempsey Si Co., Howard F. Detmar
& Co., Dick & Merle-Smith, R. S. Dickson & Co., Inc.,
Domlniek & Doniinick, Doyle, O'Connor & Co., Inc., Drexel
& Co., Eastman, Dillon & Co., Equitable Sees. Corp., Estabrook Si Co., Farwell, Chapman & Co., Ferris & Hardgrove,
Field, Richards & Co., First Boston Corp., First Cleveland
Corp., First of Mich. Corp., First Securities Co. of Chi¬
cago,
Folger, Nolan & Co., Inc., Wm. A. Fuller & Co.,
Glore, Forgan Si Co., Goldman, Sachs Si Co., Graham,
t
"
1
\
r
Co.,
Offered by Halsey, Stuart & Co.,
int.
*
&
1st mtge. 3r/v bonds, series L.
refunding.
Price, 10414 and
Inc., A. C. Allyn &
Co., Inc.,- Almstedt Brothers, Ames, Emerich & Co., Inc.,
Atwill & Co., Bacon, Whipple & Co., Baker, Watts & Cb„
Baker, Weeks Si Harden, Bunkamerica Co., Bankers Bond
Co., Inc., Barrow, Lcary & Co., Bear, Stearns & Co., A.
G.
Becker &
Co., Inc., Biddle, Whelen & Co., Blair &
Co., Inc., Wm. Blair & Co., Blyth Si Co., Inc., Bottcher
&
Co.,
Bosworth, Chanute,
Loughbridge Si Co., Alex.
Brown & Sons, Burr & Co., Inc., II. M. Byllesby & Co.,
Inc., Central Republic Co.
(Inc.), City Securities Corp.,
E. W. Clark & Co., Clark, Dodge & Co., Coffin & Burr,
Inc., Cohu & Torrey, Courts & Co., Cruttenden & Co.,
due
i
Chapman
Co.,
&
Simon
M.
Arnold,
&
'155,000,000 Commonwealth
f-
I.
Gardner,
&
Weil
Co.,
Woodard-Elwood &
J
Farwell,
Co.,
&
Ferris & Hardgrove, Wm. P. Harper & Son & Co., Hill &
Co., Johnson, Lane, Space & Co., Inc., Mason, Moran &
Co., Milhous, Martin & McKnight, Inc., Minsch, Monell
&
Co.,
Newburger & Hano, Park-Shaughnessy &
Co.,
Patterson, Copeland & Kendall, Inc., Peters, Writer &
Christensen, Inc., F. L. Putnam & Co., Inc., Quail & Co.,
■
$6,100,000
to
bonds,
due
1964.
1st mtge.. & collw trust
purpose,
Northwestern Mutual
refunding,: Sold
Life" Insurance Co.
2225
chronicle
the commercial & financial
Number 4335
Volume 160
976,250 Electric
Aircraft Products Corp. 80.000 shares of $1.25
^cumulative convertible preferred stock (par $20).
Pur¬
pose,
reduction of bank loan, working ,capitai.
Price,
$25. per share plus divs.
Offered for subscription to
2,000,000 Liberty
stocks
,
.(Preferred stocks of
stocks
ferred
of
.par
"
'
7W :
;7
w:
PUBLIC UTILITIES
'
■
">
%•'
computed "at' their offering prices.)
' k
;
^
,
stated par value are taken at par, while pre¬
value and all classes of common stock are
a
no
■
..
^
,
'•y. \
:y
>
"and
a.,'
;■■■"'
4.(4"% cumulative pregeneral corporate pur¬
poses.
Price, 103J/2 per share, to yield 4.11%, Offered by
A/''"
Kidder,
Peabody &
Co.;
Glore, Forgan & Co.; Piper,
v'Juffray & Hopwoodr Eastman,
Dillon & Co.; Shields
.& Co.; White, Weld & Co.; Bacon, Whipple & Co.; J. M.
Dain & Co.; R. S. Dickson & Co., Inc.; Clement A. Evans
& Co., Inc.; ;Folger, Nolan & Co., Inc.; Hallgarten & Co.;
Carter H. Harrison & Co.; W. E. Hutton & Co.; Kalman
& Co.; Laird, Bissell & Meeds; Lester & Co.; Merrill
Lynch, Pierce, Fenner & Beane; Mitchum, Tully & Co.;
;'::"F. S. Moseley & Co.; Rauscher, Pierce & Co., Inc.;. F. S.
V'
Smithers & Co.; Stubbs, Smith & Lombardo, Inc.; G. H.
k Walker & Co.; Weil <fe Co., Inc.; Dean Witter & Co. and
'.
"
V
1;
!
;
;
:
:
1
Co.,
Frederick
1;
:
V
'
.
V"
Robert
C.
duPont
I.
&
Corp.; Johnson, Lane, Space &
& Co.;> A. M. Kidder & Co.;
Cleveland
First
Francis
Middlebrook;
&
Coburn
Jones
k>k Fraser & Co.; Newhard, Cook & Co. and Straus
;
modernization
Corp.;
of
205,000
v".-j.vrA'-; Sills, Minton & Co., Inc., Baker, Simonds &
Securities Co., and O. H. Wibbing & Co.
series
stock 434 %
Co., Straus
(par
$100)." Purpose,
:
;
Geyer
.
FARM
W.
t
.
;
yyyyy
v.-
'
Weeks
;
&
Stubbs
Wurts,
and
(no
Offered
Co.
Wilcox
$272
Price,
&
Co,.*
Hallgarten
1791,700 Consolidated
stock
same
&
foregoingt.
<see
•
i
k:y;
Inc.
941,006
Redemption Galls and Sinking Fund
Iky | y l;y :ykklk Notices
Co.
,
Co.
&
.v'
notices of tender
.
J,
414%
Co.,
8% debentures—,—.__Nov 21
Atlantic City Gas Co., 1st mtge. 5s, due 1960
Nov 24
Buffalo General Laundries Corp., 1st mtge. 6%.% bonds
Caribbean Sugar, Co., 1st mortgage 7s, due 1941
Nov 29
in
2030
2115
2008
due 1952
ISSUES
Co.;
J.
Jan
bonds, due 1948.:
'Koppers; Co.—
Gen.
$6 pfd. stock—Dec
:
1521
1626
Gen,. & ref.
Central
New
.
mtge.\^3 Va % bonds, ser. C, due
York
.Corp.—
Power
Page
V
Consolidated Cigar Corp.,
k 977
Consolidated
1
1965
Dec 30
1967r.Dec 1
1860
1967———Dec
k.\
k
k
.
' •
mortgage 3:!4% bonds,,.due 1962—
Cincinnati Gas & Electric Coy 1st mtgekS'/ks, due
General
; ■-k
Gas
Utilities
314%
1397
1$60 ;
1
York.
1G29
1
V6%T Preferred .Stock—ALlJ^u
1
2070
Massachusetts Street
Eastern
1967.
ref. ^mortgage bonds, due 1948,—Dec'.
Empire District Electric Co.—
( 1 k-.
,' 1
•
1st mortgage and ref. 5s, due 1952_—
—
'_Nov 20
duie 1959—Dec 20
3%.
Machinery. Corp..
debentures————
General
Iowa
■
Southern
Co.
Utilities
of
Lafayette Hotel Co., 5 % 1st mtge. bonds, due 1947——-Dec
unified, mtge... 4% bonds_^__Jan
Louisville &; Nashville RR-,
debs., due 1960__Dec
National Dairy Products Corp., 314%
National Distillers Products Corp.—
7-year VUVu
Nehi
Corp;,
Water
East
One
4%
1st
Ottawa
Service Co.,
55th
St.
1st mtge.
1st mortgage
Corp.—
mtge,
series
Poli-New
1st
C, 414%,
England
due
mortgage bonds,
Portland General
Pressed
and
1st mtge.
•
Co.,
Steel Car Co., Inc., 5%
414s,
due
1972
1
15
Dec
1
due 1950—Dec
debentures, due 1951—Dec
Service Co. of Colorado, 4% debs.,
Puget Sound Power & Light Co.—
:
mortgage
Nov 24
due
1949
1
Gulf,
y.
\
y
& Ohio
,1968
1
Roos
1526
1
Heywood-Wakefield Co., 5% debentures, due 19.46—
Dec
Hudson River Day Line," 1st mortgage 6s, due
1^,46——Dec
1st
lien and
Rvs,
of Central
ref. 614%
,
■,
,
A, due
1st
,
Feb
/
>.
1
2001.
.
1952———Jail 12
5% apd series. F, 4(4%-Dec 11
Illinois—
I860
——c-Nov 25
200t
.1
1
Ltd.—
nqortgage and collat. trust debentures—Jan
Co.,
bonds
174
1
Jan
—
'
- *
"c'
k
gold bonds—Central Pacific stock coll. due 1949—Dec
Southwest Telephone Co., 1st mtge. 6s, ser. C, due 1947-Dec
Twin
1st
Pacific
City
lien
1st lien
'
Co.—
'
5
2
.
1742
1531
:
1
1
$2237
-Jan 15
Dec
1
Rapid Transit Co.—1
and refunding 514s, series B
and
refunding 5(4%
Union Investment Co.,
1
1402
1
1736
1st mortgage
2072
bonds, series A
1st preferred stock
United Gas & Fuel Co. of
2072
1
2001
21 If
1532
2072
1
1
.
2005
2
...
bonds————Jan
preferred stock-——————'----Feb
Inc.,
L.)
(E.
1530
1299
1
1961-^—:—-Lyt-Jan
due
Welch Grape Juice Co., 7%
.
1970
Jan
1
21 If
178 >
Hamilton, Ltd.—
1958
—
preferred stock
(Western, New York Utilities Co., Inc,—, ••
j t, 1st
jnoytgagej, 5s, due 1946—'
—
5 (4s,
—
—Jan
1
———Nov 30
21K
1
200:
r.—-.-—Dec
America—
bonds
^
Co,—
1969
mortgage 20-year 5%
Intern ft,ional
BfosM
4(4%
1526
By-Product Coke Ovens, Ltd.—
bonds, series A__-Dec
General mortgage 6% bonds——
—
Dec.
1st
,kk..
H," due
mortgage 3(4s, due 1968——
6(4 %
2072
JVfar 30
1972
2077.
1
^
.Schoenstadt (H.) &; Sons, Inc., 1st mtge. 6% bonds—-Dec
Sisters of St. Joseph of the Diocese of Peterborough (Ont.)—
Hamilton
'
Electric Co.—
Edison
Southern
-Jan
—
1865
'
1526
2
2
1975
1
.Restigouche Col, Ltd., .6% ,s. f. mortgage
1969
Jan
Jan
due 1953
preferred stock
1739
3
1st mtge. 5s, due 1352___kii.Mar
1st mortgage?bonds; .series ,E,
Service Co. of Northern
1st
RR.—
collat. trust bonds, series A,
1972
24
4%
bonds, due 1945-1960-
2075
k
•
4%^ bonds, series A and B, due
Public
152G"
of Minnesota, 'Northern Division"
'y k-k '
mortgage 4% bonds, due 1948—j—-—Apr 1, 1945
Mobile
334%
1868
2006
: *
2079
2006
;
1967
1526
mtgv
1st mortgage 4(4s, series
Potomac
1967
1
1'
bonds, due 1961———Jan
Nuns of the Cross of Ottawa—
bonds, due 1946-1957—
41i%
.
Dec
2071
.
Ruddy
314% -4%
:
•
1st mtge. 5s,
Grey
'
2006
1
1
1
1
mtge. 4%' conv. bonds, ser. G & H; due! 1943—„Jan
trust 4%, bonds, ...due 1952—_r^Jan
Hackensack Water Co., 7%
•
due. 1958
Electric
Public
1st
2005
2005
Dec
Inc.—
1967
Eastern Ry. Co.
1st
207 G
1952_-j._——4k—k—Dec 27
Louis RR.— V
Pittsburgh Coke & Iron Co.—
;.j
1
1
1
Collateral
bonds,
1950—.
Theatres,
Gerh
•
2005
2078
1
Dec 15
i960 Dec
mortgage 414%
'1st arid ref.
207G
2076
2005
2077
1
1
—Dec
due 1955
1st mortgage 4s, due 1964—-Dec
414%. series,
bonds,
1
.
>
Pennsylvania Glass Sand Corp., 1st mtge. 3 V2S, due
Phelps Dodge Corp., conv. 314% debs., due 1952
Pittsburgh Steel Co.—
1st
Dec
4s, due 1964
•
; ";
5%. debenture's, due 1949_4_—2—-_Dec
Power ;Co.,
1399
Northern Ry.—•>
Great
f
5
1
5V2S, due 1945__Dec 22
Companies,
Gatineau
2075.
2075
,
.—Dec
Pittsburgh, Cincinnati, Chicago & St. Louis RR.—
General mortgage bonds, series C, 4(4%, due 1977Jan
,
Georgia-Carolina Power Co.,. 1st mtge. 5.s, due 1952_—_Jan;
.'Glen Aiaen Coal Coy 1st mortgage 4s, due 1965——i— iDec
1972
,
mortgage leasehokl bonds,
Valley Power Co.,
41
'
1 -k
1949—
!_•—Dec
stocka^y___^-.--————---rJan
preferred
Northwestern Barb Wire Co.,
Ohio
15
1
-
debentures, due
first
1970
k * "
———_——Dec.- 1
bonds, ser, C/
Ltd.—
y'v
f'-. \. kk* %" (
1st mortgage bonds,, series A^—„„^___^—ki-Li—-^iiJah
6% s. f. mortgage bonds—
,_Jan
6% 1st mortgage bonds, series of 1936—..—i——4^_Jan
Fraser
Delaware—
1966—
414%.'debentures, due
1st consol. mtge. 4%
Erie RR.
\;y,.. k
3?4S, due 1969-—--Nov 24
1863
1st mtge.
Public Service Co..
Iowa
1967
1 %: 1968
1
Dec
debentures, due 1956
—Dec
Water,, Gas & Electric Co., $3 preferred stock— ;yy
k:
Philadelphia Electric Co.—
%{.•' ..... ;•.•••„
1st and ref. mortgage 3(4% bonds, due 1967.
.
Food
General Shoe Corp,, 3 Vi %
k"'
.
1st &, ref. mtge. 3 34s, series
yj.
1630
6%
ref.
and
Ozark Power & Water Co.,
>1967
;
2075
9
4% bonds, series E, due
Chicago & St;
Pacific Gas &
livv'•••.yt* k^"
Ryj^-fk;j
ref. mortgage bonds; series A, due 1948—Jan
<
1
1
2
2
1
2674'
Oregon-Washington RR. & Navigation Co.—
1st
1
1
414%
2674
.
2069
i..
1633
1
1
—..Jan
1950—.——Jan
'
stocks——--Jan
4V4%- bonds, due 1968—i.—--l-Mar
bonds——:
boncls, due
k 3(4% 1st mortgage bonds, due 1947—--—:—r-LNov
New York City Omnibus Corp.—1
.
' New York Railways Corp.— ' ;
* ; ,
Prior lien mortgage bonds, series A. due 1958—+—Jan
NY PA NJ Utilities Co., 5% debentures, due 19521:— —Dec
y
2069
1951—Nov 23
1st mtge. 614% bonds—Dec
Eagle-Picher Lead-Co.,
1633
1
bonds, due 1950—-Nov 20
:
y.'.y%
15-year secured 3V4% bonds, due
A
due 1953—Nov 27
due
k- :,k
series B
trust" 3 V4%
Central RR.—
York
New
1860
Danbury & Bethel Gas & Electric Light Co.—
25-year 6% mtge. bonds, series Ayduq 1948_——u-_^Feb
DeWitt Clinton Hotel, ,fnc«4^ kvyy-y kik C y:.!/-''1
Albany Metropolitan-Hotel,
1.966
Consolidated Oil' Corp., conv. 3^% debs., due 1951—Dec
l' V. 1966
Crane Co., 10-year 2(4% : debentures, due 1950—Dec 20 ;
2969
Eastern Car Co.. Ltd.; 1st mtge. 6s, due'..1952—^—Jan 1,1945;
1293
Elk Horn. Coal Corp,,-collat. trust 4%: bonds, due 1956—Dec,
1
- 2070
debs.,
v
tj
,
1
1968———Dec
5%
k ';; k;
.
Narragansett Electric Co. —
.
. ' ,
:
,
. •
Nov 13
1st mortgage 3VaS, series A, due 1966
Dairy Products Corp.—
Serial debentures, due 1949 and 1950
Dec • 1
National Refining Co. prior preferred stock———-——-Dec
1
$2299
1
xcv'k,
debentures,
Corp.,
;
Nashville RR.—
mortgage■
New
5
Community Public Service Co., 1st mtge. 4s, due 1964—Dec 15
>(--
<
1633
National
bonds, series B, due 1981—Jan
mortgage 314s, series I, due
1st
;
•
1971—-———Apr
1st mortgage 4% bonds, series G, due 1965———May
Missouri-Illinois RR., 1st mtge. 5s, series A, clue 1959—Jan
Mobile Gas Service Corp,, 1st mtge. 3%s, due 1961——Dec
2068
4
•
.Dec
1st mortgage
.
207:-:
1961-Dec 4
Dec 14
2nd mtge. bonds due 195.6-Dec
1
bonds., series A, and 5% bonds,
10-year collateral
:,/ k
,■
.
k-Ext. unfied mortgage 3'-4 %
mtge. 414 % bonds, series A, due 1977——Jan
y.k
&
Louisville
152r,
2073
2
preferred stock—
Long Dock: Co., consol. mtge. 334%
1st
Jan
1
k.l'k'vyk/yy'y
Co.—
stock_———-—-Jan
' 1.
,
k„ ' v-,
1st mtge. & collat. tr. bonds, due
Industries, 15-yr.
France
paa»i
: ■';': Date;
I960——Jari '1
; ', \
& Co., special
H.)
(S.
1st mtge. 4%
due 1945
h.
1' k'v'.y ■ y;-'"'. v:.
RR.—
ref. mtge. 414%
&
offerings.
(Indicates'. special
Metropolitan Edison Co.—
,
Prior preferred and cumulative preferred
334S,k series E, due 1963——
& Pittsburgh
Cleveland
'
3(4 % & 3 Ye ''<>
Kress
,
mortgage
-
privately.
Terminal Ry., 1st mtge. 4s, due
1962
Chicago,- Burlington & Quincy RR.—
yyy
Illinois Division mtge. 314% & 4% bonds due 1949_^Jan
1
..'Chicago "Union' Station: Co.—vy:
1st
k
Kimberly-Clark Corp,,■■ 6% preferred
"
1st mtge. 4s, due 1966—Dec
9
Central States Power & Light Co.—r
k ' ^yv.'yyy;.
1st mtge. & 1st lien 514% bonds, due 1953——
Dec 16
Central Vermont Public Service Corp.,
.
Willianf.
Co.;
Pulp & Paper Co. 3,000 .shares of commoi
Price. $24 per share.
Originated with
:
' "
Issue—
and
Company
.
-
-
Kansas City
:
1
mortgage, 4%
Commonwealth Edison
—.———Nov 30
.1959
"
Seligman & Co.
'(Indicates issues placed
•
Niagara Electric Corp.—
& Co.
par).
mo
W.
Lehigh Valley Transit. Co.—
Page
1
General 1st
&
$14,903,823
2117
Date
1st mortgage 4%
Line,
Gen. & ref.
Debenture stock and bonds, due
par).
of common stock (par $1),
Offered by Blair & Co., Inc.
share.
Bosworth, Chanute, Loughridge &
Co, and Newhard, Cook
Co.
.
Virginia
stock
■
California Oregon Power Co.,
(partial redemption
Buffalo
;
■
Staats
172,000 West
CALLED
50-year bonds———Jan
Atlantic Coast Line RR. of So. Carolina—
Short
.
Algoma
/
;
shares
22,210
per
Maxwell,- Marshall
R.
Atchison,
1965
Date
'k
,
shares of capital stock (no
Offered by Allen & Co.
1,775,000 United States Potash Co. 50,000 shares of common stock
k;
v /y (no
par). Price, $35.50 per share.' Offered by Lee Hlgginsott ■ Corp.; Paine, Webber, Jackson & Curtis; Blyth
;
: k k
•&
Co., Inc.;
Smith, Barney & Co.;
Graham, Parsons
'
■
■/.':y|(ky vk;ky - '
Central Terminals, Ltd.—
:'\t, k.k .
Price, $11 'A
and
Page
Date
1st and ref. mtge. bonds, 5% series, due 1956——Dec 1
Topeka & Santa Fe Ry.^^Transcontinental yy~yy
y
22
1967
1
1970
National Terminals Corp., preferred stdck———_Dec 14
1972
Philadelphia Transportation Co.—
..
.
t-v" -k' y;
Consol. mtge. 3% -6% bonds, series A, due 2039—Dec 15
k k, *
'
S',''.
.....
Allegheny Ludlum Steel Corp., 7% preferred stock—Dec
1
Power• & Light. Co.— k'.kk.k,V —-y ''"kyiyky
Equity Corp., $3 convertible preferred stock_—^...Nov
International Paper Co., 1st & ref- mtge. 5s, ser. A & B_Dec
Company and Issue—
vy k.
Inc.
249,876 Textron,
'.;yyy
"Arkansas
1859
2067
2067
k
stock
&,
share.
Offered by Blyth
^'
per
940,000 Superheater Co. 40,000 shares of capital stock (no
Price, $23(a per share. Offered by Shields & Co.
1st mortgage bonds, due
ENTIRE
Page
Port Concession Corp,,
Asuncion
$22
.
Company and Issue-
k";'f
Date
Price,
91,000 (S.L Strooek Co.,, Ii\c. 7,000
par).
Price, $13 per share.
La
.
-.
Co.
&
Inc.
'yky.-y':',, .& Co. y.'
Gas Co. 27,300 shares of capital
Price, $29 per share. Offered by Shields
: "...
/
list of corporate bonds, notes,
Company and Issue—
Morris
S.
f93,500 Stokely-Van Camp, Inc. 14.675 shares of preferred stock
'y -1' • (y (par $20). Price, $17 l/a per slmre.- Originated by Shields
Feb
1
1958——..Dec 15
Toledo Edison Co., 314% debentures, due I960——-——Dec
1
Twentieth Century-Fox Film Corp., pr. preferred stock-Jan
2
Wieboldt Stores, Inc., $5 prior preferred stock
Dec 30
Thermoid
preferred and, cpmmon stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak-;
uy
Price,
$1).
ipar
Stoker Co., Inc. 42,773 shares of common
$5).
(par
kCo.;
Natural
(par $15),
River Power Co., 1st mortgage 5s,
Salmon
(
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."'
Robert
and
Standard
40,700 shares of common stock
per share.
Offered by Smith,
'''•
':';y
Company and Issue-r
Below will be found a
36,724 shares of common stock (no pxvr).
share. Offered by Smith, Barney & Co.
Co.; Paul H. Davis & Co.; Brainard, Judd & Co.; Brush,;
Slocumb <fc Co.; Fahnestock & Co.; Hincks Bros. & Co.,
yyy(yy
t242,500 Commercial Investment Trust Corp. 5,000 shares of com¬
mon
stock
(no par).
Price, $48Va per share. Originated
Dulles & Co.
Inc. 200,000 shares of common stock (par
refunding,
Price,
$25.50
per
share.
bankers as offered the preferred stock
Co.,
by
&
par).
Barney
Purposej
$10).
5
:
Inc.
per share,,: Offered by Paine.
Webber, Jackseu
Curtis; Coburn & Middlebrook; Chas. W. Scran ton A.
&
REPRESENTING NEW FINANCING
ISSUES NOT
$1,129,250 Babcock
by
5,100,000 Koppers
$10).
(par
,
The
Co.,
per
Manufacturing Co. 3,500 shares of
Price, $38 per share.
Offered
Salt
$14.25
y
Intermediate Credit Banks $18,685,000 0.80%
consolidated debentures dated Nov. 1, 1944, due May 1,
;v 1945; $23,685,000 0.90% consolidated debentures dated
Nov. 1,
1944, due Aug. 1, 1945.
Purpose, refunding.
Price, par.
Offered by Charles R. Dunn, fiscal agent,
: 'New
York,
A
;
,
-
Lynch, The Ohio Co., Pacific Co.
.
Corp.
Price, $34
AGENCY ISSUES
GOVERNMENT
AND
Offered
share.
per
$42,370,000 Federal
:
stock
Huff,
capital stock
by Blyth &
Co. '2,000 shares of
$57
Price,
,1,168,500 Silex Co. 82,000 shares of common stock
Langley
C.
Masten .&
•
»
1,248,616 Philco
Co.;
W. C.
& Co.; Clement A. Evans
Polger, Nolan & Co., Inc.;
LOAN
per
y.
by Blyth & Co.,
Accident Insurance Co. 175,938 shares of com¬
(par $10),
Purpose, additional general funds,
Price, $10 per share. Offered direct to stockholders,
-l';" ;':y;
Inc.
133,000 Pennsylvania
capital stock
stock
mon
& Co., Lazard Freres & Co., A. E.
Milwaukee Co., Moore, Leonard &
of California, Reinholdt
Gardner, E. H. Rollins' & Sons, Inc., Chas. W. Scran ton
& Co., Singer, Deane <fe Scrlbner, Stein Bros. & Boyce,
Stifel, Nicolaus & Co., Inc., Stone & Webster and Blodget,
Inc., Union Securities Corp., White, Weld & Co., Whiting,
v.-co.,
.
.
Co.;
$27.50
Heeht.
&
$10).
(par
.
Co.,
$1,759,380 Standard
:
Co., Harriman Ripley & Co., Inc., Hayden, Miller &^Co.,
Hemphill, Noyes & Co., Janney. & Co., Kay, Richards &
Kf'k-y'•
;
Davis &
Hornblower & Weeks;
,
Price,
shares of capital
share.
Offered by
13,333
Co.
Casualty
$10).
•
y
MISCELLANEOUS
■.
;
Paul H.
Co.;
&
Inc.;
5,000 shares of capital stock
Offered by A. G. Becker
Inc.
$41 per share,
114,000 National Fire Insurance
'
Price,
■-
;
V
'
;
,
'
Co.,
Co.,
&
Price,
'
$39,709,375 ;
preferred
refunding.
103 and. div.
First offered to holders of 6% cumulative
;
.preferred stock of Koppers Co., unsubscribed shares of;
fered by Mellon Securities Corp., A. C. Allyn & Co., Inc.,
r.
Geo. G. Applegate, Baker, Watts & Co., BJyth & Co.,
I'-.:';Inc., Bosworth, Chanute, Loughridge & Co., Alex. Brown
&
Sons,
Brush, Slocumb & Co., Butcher & Sherrerd,
yyyk:.y Chaplin' & Co., Coffin & Burr, Inc., C. C. Collings & Co,,
v ''
Incl, S.'.K. Cunningham & Co.,'Inc., J. M. Dam & Co.,
The First Boston Corp., First of Michigan Corp.,. Glover
k:y& MacGregor, Inc., Grubbs, Scott & Co., Hallgarten &
-
&
common stock
Offered by A. G.
Co.; Hallgarten «V
Thalmann Corp.;.
& Co.
Inc.
366,658 National
(par
Locb & Co.
of
Inc,
Co.,
Morrell
par).
(no
<& Co.,
;
150,000 shares of cumulative
15,000,000 Hoppers Co., Inc.,
kyk.k
1
Hosiery
(John)
".x;
y
& Co., Inc.; Courts
Graham, Parsons &
Co.; Hallgarten & Co.; W. E. Hutton & Co.; The Wisconsin Cq.; Bacon, Whipple & Co.; Johnson, Lane, Space &
Co,,. Inc.; Piper, Jaffray & Hopwood; The Robinson-Hum¬
phrey Co.; Oscar Burnett & Co.; and Kirchofcr & Arnold,
Inc;
% y;'••/' :•
?v-' ■■''iZ.iU
Langley
&
:
750,000 Electronics Laboratories, Inc. 150,000 shares of common
'-yk
stock • (par $11.
Purpose, additions, working capital.
Price, $5 per share.
Offered by Brailsford & Co., Shillinglaw, Crowder & Co., Inc., Link. Gormen & Co., Inc.,
k
Shields
Co.;
Dickson
S.
R.
-
&
Reynolds
Securities
(par $t»0).
81,182 shares
(par $2.50).
Price, $14.50 per share.
Becker & Co., Inc.; Glore, Forgan &
Co.; Hornblower & Weeks; Ladenburg
Oscai* Burnett & Co!' and Kuhn, Loeb
Corp.;, Riter & Co.; Eastman, Dillon. & Co.; Hemphill,
Noyes & Co.;
Merrill Lynch, Pierce, Fenner & Beane;
yV
'
.
cumulativr
Price, $50 per share. Ox fered
12,913 shares of 5%
Co.,;Inc.
Burnett & Co. and Kuhn,
Oscar
1,177,139 Mojud
subscription at
Rayon Corp. 70,000 shares Of 4%%. preferred
stock
(par $100).
Purpose, refunding ($4,585,575), cor¬
porate purposes ($2,414,425). Price, $103 per share and
div.
Offered by Kidder, Peabody & Co.; Union Securities
"
Co.
•
;
cumulative convertible
pay
promissory
and
7,000,000 Tubize
Co.; The
Co., Inc.;
MacColl,
,
Inc.; Glore, Forgan & Co.; Hall¬
garten & Co.; Hornblower & Weeks; Ladenburg Tbalmain,
Harris,
Co.;
&
•;;;
.•
52,714
Corp.-
preierred stock
\
,
'
'
■':t
Hall & Co.
(Inc.);
Kebbon, McCormick & Co.; Lazard Freres & Co.; Merrill
Lynch, Pierce, Fenner & Beane; The Milwaukee Co.;
Paine, Weber, Jackson & Curtis; Smith, Barney & Co.;
Stone & Webster and Blodget, Inc. and The Wisconsin Co.,
Parsons
of capital stock (no par),
Originated by Spencer Trash'
shares
share.
,"
647,150 Mojud Hosiery
per
Graham,
■■■■-■
7;
V
share to common stockholders. Unsubscribed
portion (6,296) purchased by underwriters and sold at
106.50 per share to a limited number of purchasers, with;out general public offering.
Underwriters—Bly.th & Co.,
Inc.; Bacon, Whipple & Co.; Baker, Weeks & Harden;
William Blair & Company; Bosworth, Chanute, Loughridge
& Co.; Eastman, Dillon & Co.; Goldman, Sachs & Co.;
$100
^
,
■
2,000
per
shares of common stock (par $10;..
Price, $13.75 per share.
Offered by Granbcry, Maraclu
& Lord; Emanutl & Co. and A. C. Allen-« Co., Inc.
724,818 Lionel
Purpose,
improvement
Co.
,
by A. G. Becker & Co.,
($6,694,375). First offered for
foundries
.
,
$100).
(par
($1,505,625),
notes
Laboratories,
Mont
stock
preferred
Inc.. 225,000 shares of
class A common stock (par 10 cents).
Purpose, corporate
purposes. Price, $7,375 per share.
Offered by Van Alstyne,
Noel & Co.; Kobbe, Gearhart & Co., Inc.; Ames, Emerich
& Co., Inc.; Adamex Securities Corp.; J. C. Bradford &
'v-.--Co.; Cohu & Torrey;. H, L. Emerson & Co., Inc.; First
'
Securities Co. of Chicago; Hayden, Stone & Co.; R. H.
>.'■ '
;
Johnson & Co.; Johnston, Lemon & Co.; Loewi & Co.;
<:Newburger & Hano; Brooke, Stokes & Co.; Joseph Faroll
& Co.; Robinson, Miller & Co., Inc.; Courts & Co.; W. H.
Bell & Co.,-Inc.; Bioren
& Co.; E. W. Clucas & Co.;
Du
B.
S,
Co.
$39.75
& co,
Herbert W. Schaefer
McCo.,
Taussig, Day & Co.,
Co.,
8,200,000 Oliver Corp. .82,000 shares of 41A%
y;.
•
$1,659,375 Allen
&
par).
&
Beit
Price,
Co., Inc., L. H. Ingraham & Co.,
Pate, Inc., O'Brian Mitchell &
&
Robinson & Co., Inc.,
Inc. and H. C. Wainwright & Co.
.
,
Westheimer &
Hano,
Co.; Battles
Alister, Smith
MANUFACTURING
INDUSTRIAL AND
OTHER
&
<&
y' .k y;'(kvky
y
t79,500 Link
Boenning
Co.,
Co.;
burger
.
&
Webber, Jackson & Curtis, Bear,
& Co., Carl M. Loeb, Rhoades
Paine,
Co.,
&
Loewi & Co., Cohu & Torrey, Berwyn T. Moore
& Co., Courts
Co., Doolittle, Schoellkopf & Co., Johnson,
Lane, Space & Co., Inc., Johnston, Lemon & Co., New&
'
Woodard-Ehvood
&
Stearns
$5,000,000 Greyhound Corp. 50,000 shares of
ferred stock t,par $100);
Purpose,
•
offered
Noel
' V./-.'
Battery Co. 22.000 shares of common
Price, $443a per share. Offered by Smitl,
Storage
(no
1,737,360 Kimberly-Clark Corp. ,48,260 shares of common stop):
v;
(no par).
Price, $36 per''share.
Offered' by .Lehman
Bros., The Wisconsin Co. and Hallgarten & Co.
.
*
stock holders, unsubscribed portion underwritten
by E. H. Rollins & Sons, ■ Inc., Van Alstyne,
common
'
stock
Barney
^Announqement in this issue.
$In Volume 159.
2000
COMMERCIAL & FINANCIAL
THE
2226
holders ft""''"'
When
'
Co.
Columbian Carbon
bring together all the dividends announced the
current week.
Then-we follow with a second table in
Extra, ....
Connecticut Light
ord of
under
The dividends
:
Co,
Share
Name of Company
Stores, Ltd.—ft
(quai1,)_——- •
Agnew-Surpass Shoo
preferred
77ft
■
2
$L]5
JJ-J®
Optional div, of, ,'6th share of class B
stock or 68%c in cash
_
I ■
American Colortype Co., common (year-end)
4Gc
5%
preferred: (annual),.—$5
American Cynamid, com. (increased quaiv)_.
25C
Special
ft75c
5preferred (quar.)
—12%c
American
Export; Lines____.___.______._;4_-$~'; "
Fork & Hoe (irregular.)
-_4
American
Hide & Leather---'
American
Meter
American
Public) Service Co.—
Anglo-Iranian Oil. Co., Ltd.—
Amer. dep. rets, for ordinary
Co.,
Edison
Associates
■
50c
——
$1,25
(accum.)—^
$1.32
(quar.)
preferred
57ft
& Tel, $0 pfd.
Associated Tel.
12- 8
12-15
12-15
1- 2
J?*.!V'
12-30
12-30
12-22
$1.25
10c
—-?/ ft
Investment Co., common, (quar.>_
Corp.
12-1
5c
——
—
(quar.)
preferred
n
10-17
(accum.l$1.54 • 12-22
pfd. (s-a)
37%c
12-20
Athey Truss Wheel Co
ft
ft
—
25c
12-11
Avondale Mills
(monthly)—-——
—i—1_
7c
12-20
Bangor & Aroostook RR, 5 rk pfd. (accum.j,
$2.50
1- 2
Bangor Hydro-Electric Co, 7 % pfd. (quar.)
$1.75
1- 2
67«
preferred (quar.)—
4'
$1.50
1- 2
Belknap Hardware & Manufacturing.25c
12-1
Berghoff Brewing Corp
25c
12-11
Bird & Son Inc., 57h preferred (quar.)
$1.25
12- 1
Birmingham Gas, $3.50 preferred iquar.) __
87Vac
12- 1
Blumenthal (Sidney) & Co, 7') pfd. (quar.)
$1.75
1- 2
preferred
$7
Astor
Financial Corp., 75c 1st
Trust of America-r
...: , ft
beneficial intereet is-al
ftk:--ft—.
:
Bond Investment
■ft
Of
Units
Extra
Bond. Stores,
50c
...
(quar.50c
$1.12'/a
$1.75
50c
(quar.)—•
'; $1.25
Inc. common
convertible preferred (quar.)__:—_
Eorne-Scrymser Co. (year-end)—_
Boss Manufacturing Co.-____.-____-____4_.-_
4.% '/f
Elevated Ry.
Ground Rent Trust Co, (s-a)
Boston
Boston
'
-----
Herald-Traveler. Corp.
Boston
Wharf
15c
$1.25
'
40c
(special)
Co;_;_-:ft.—'—4_-.~-~44__
-
Corporations,
Breeze
Brooklyn Telegraph & Messenger
Buffalo Forge Co,.——
$1
50c
'
_1
Extra
Boston
iquar.).$1.25
45c
Bullock FUnd/'__-.JL-.^-,—'1 .7.15c
'
Buvkart (F.) Manufacturing Co.__,—2----50c
California Electric Power, 5%'/ft pfd. (quar.) - ; $1,32.
Canada Crushed Stone, Ltd. (interim, 110c
Foundries & Forgings Ltd.—
Canada
Class
B
•Class
.
A
(year-end)
12-16
12—15
1- 2
f$l
+25c
12-15
12-15
t$ 1.G2Via
•:
125c
12-15
:
(.quar.)
Class
B
.
(interim)
preferred
(quar.)_^._
Canadian Celanese Ltd, common
6'/£>')'
(quar.)
Common
Finance
.
—
12-31
1.1-21
11-24:
12-1
Stores,, class
Fitzsimmons
.
Ford
12-15
,!"?,
12-11
11-22
11-22
12- 4
11-25
12-10
12- 6".
12-11
12-11
Jl-lj
12-1
Four-Twelve
Class
12-11
A
B
West; Sixth Co.
$5
Great
preferred
Corporation
11-24"
12-i5
11-20
35c
12-11
12-14
12-15
12-15
12-1
12- 1
$1.25
25c
11-30
11-22
11-30
11-20
11-30
11-30
12-15
12-15
11-20
25c
A
(year-end)
Corp, com. (year-end).
(S-a)
Columbia Baking Co,
$1
12-12
75c
$1,25
Extra
Class
12- 1
12-30
75c
25c
(reduced)
Clark Equipment Co, common—
5preferred (quar.)....——
Cleveland-Cliffs Iron Co, $5 pfd. (accum.).
Cleveland Quarries
:
....—
Controller
12-15
30c
Ice & Fuel Co.
...
Clark <D. L.) Co. (year-end).
Corporation
,
common
participating preferred
Participating
11-20
i—
...
(quar.)
—
30c
$13.10
$3
75c
25c
75c
12-15
12-15
12-15
11-27
11-27
11-22
12- 1
12- 1
12- .1
12- 1
12-1,
—
.
————
12-
1
11-20
12-11
12-
12-16
11-25
Class
12-16
11-25
6'A
1-10
RR. Co.—
4ft guaranteed (s-a)——
Indiana Gas & Chemical, common.—$3
preferred
(quar.);
—
Indiana Steel Products Co, com. (year-end)
6ft;
convertible preferred (quar.)
International
Cigar
,
(quar.)
_
12-
1
2
12-
1
2
12-1
Packer
11-30
11-30
12-15
11-30
11-15
12-15;
5ft>
5ft
K
W
preferred class A Iquar.)
preferred class B (quar.)
Battery; Co. Inc., common
Extra.
(quar.)
W—J
Countv
Land
Kilburn Mills
—$
Co._
(quar.i
—
Manufacturing Co
Kleinert (J. B.)
Rubber Co.
Kress
(S.
Kcbacker
H.)
& Co,
common
(year-end)
(quar.)
Inc
Stores,
(B.)
& Co.
(s-a)_.
—_
Extra
$2.50
Leslie
Philadelphia Suburban
12-15
12-1
11-24
12-12
11-24
12-28
12-8
&
Sessions Co,
preferred
Salt. Co.
common
(qUar.)__
(quar.)
(year-end)
....
Corporation
Gold Mines
Ltd.
Crow
Full Fashion
Mills,
(interim)
6%%
pfd. is-a)„__
12- 1
11-15
12-15
12-22
$5e
$1.25
1-15
12-15
1-15
1-15
12-15
11-24
12- 1
12-15
11-24
1- 5
. 1- 5
: 11-27
$1
12-15
11-27
$1
Preston East Dome Mines iquar.!
Procter & Gamble Co, 5%
preferred (quar.)/
12-11
1- 2
1-2
12- 1
12-12
12-15
12•
1
11-15
1
11-15
12-
1
11-20
25c
Class. B'ft_-ft:-.--__lft_4^--_ft'_4,t.;ft__'4ft_„_:.%ft:ft''::/^ 25c
ft; Pullman, Inc. (quar.i__
50c
11-20
'ft
12-
1
1-
2
12-20
12-
Extra-"
Oil Co,
Pure
12-
5
1
class A
(year-end)
preferred (quar.i
common
5Vft' convertible
ft;.
;
$1.25
$1.50
5c
; .:
$1
6'/r
"preferred (quar.i
Quarterly Income Shares
11-22
:
11-25
11-18
12-15
12-
4
12-15
12-
1
Raybestos-Manhattan,: Inc.
Reliance Insurance Cc. (Philadelphia) (s-a)
Extra .',4—"
12-11
12-
1
Reo
12-11
12-
1
Rohr
Aircraft
11-27
Rio
11-30
Roos
11-21
12-15
11-30
St.
Schiff
1
/
12-20
1-
2
12-20
12-
1
11-21
12-
1
11-21
12-8
12-
2nd
Company,
iquar.)
Shattuck
iquar.)
common
Extra
'
iquar.)__
Co.
G.)
ft-
Extra'
(quar.)
lOc
12-21
12-1
60c
12-21
■"". -ft
12-1
Publishing—
convertible preference
$3
1-15
Simon
iquar.)
Skenandoa Rayon, 5'/c
12-20
11-27
12-
5 % '•
1-15
8
11-25
1-
6
12-
1-
6
12-
4
1-
6
12-
4
Smith
6'/r
4
11-f 15
11-10
12-15
12-
1
12- .9
11-25
9
11-28
12-
12-15
12-
1
12-
1
12-12
12-
1
12-14
11-24
12-11
12-
1-
2
12-23
1-
2
12-15
12-
5
12-22
$1.25
L.)
25c
.
20c
(quar.)____/__4___
preferred
15c
Manufacturing
Corp.
Co.
Pacific
arrears,
preferred
Bros.
Stone
&
Webster,
______
(quar.) ______
(quar.)_4_____
common
preferred
Inc.____
Strawbridge & Clothier, $5 pfd.
5'/o
11-25
'•
■'
preferred
•''
11-27
11-36
'
12— 1
$1
$1.25
$1.06%
12-15
11-30
12-30
$25c
1- 2
1- 2
12-15
1-1
1- 1
$1.37%
11-24
11-24
all
—
(quar.)_
Ltdif
convertible
6
11-25
11-25
12- I
12-15
11-27
12—15
12- 1
12-1
$1,25
$1.37%
(Ohio), com. (year-end)__
(quar.)___.
preferred
Stedmah
__
(accum.i___________
deals
12- 1
12- 1
•
'
preferred (quar.)
payment
11-30
11-30
12-12
1-2
12-19
12-11
12-20
—
Standard Oil Co.
5%
20c
$1;50
40c
10c
Pipe
Spear & Co, $5.50 1st
$5.50 2nd preferred
The
2nd preferred
,
75c
(quar.)
Line Co,
Investors, Inc.__________
-Sovereign Life Assurance Co.—
25 //
participating ceitificates (annual)
Southern
11-21
11-15
12- 9
12- 9
12-12
20c
common_____
Co,
Sovereign
12-23
12-15
(T.
4lA%
1-2
(quar.)___;
-—-.---,*4
Southern
*
2
50c
prior pfd.
(quar.)
Inc, ; (quar.)
(year-end)
South Carolina Power Co, $6 1st pfd. (quar.)
Solar
1.1-10
11-15
—
1-2
1-10
12- 1
11-30
1- 2
1-2
12-12
30c
75c2c
$1.25
iquar.)
Brewery
preferred A
Extra
12-15
12-
(Wm.)
Skilsaw
1
.
(special)
Common
.
11-30
12-15
__________
'
Simmons-Boardman
11-27
1-15
12-15
12-15
$1.37%
'
1-29
12-15
25c
75c
ft.
____
12-23
12- 9
12- 9
11-30
11-30 '
•
(Frank
12-11
12-15
:_4
;
11-20
2-1-45
1-15
1-2
1-2
—
■
5Vs7t! preferred
ft
11-29
9
$2.50 prior pfd.
preferred (quar.i
11-47
11-30
11-30
12-15
$1.25
Brothers,
Regis Paper,
ft;
11-24
3c
$1,621/3
,475c
62'/2c
$6.50 preferredft-__„__„'_____
St; Lawrence Paper Mills,/6'fo pfd. laccutfi.)
12-11
1-2
(quar.i
Gas Co, v.t.c. (year-end)
Grande Valley
8
12-21
1-
Corp.
11-20 ft
12- 8
12- 8 ft1
'11- 6
11-27
11-17
30c
30c
' 12-15
75c - 12-20
25c
12-11
Inc._
Motors,
12-15
12-
-
..ft,-ft.tr ft-/'/
15c
(quar.)_
Placer
Prosperity Co,
12-9
$25c
25c
Piper Aircraft Corp, 00c preferred
Development Ltd. (interim)
Plymouth Oil Co.. iquar.)____
;
:
12-
12-15
20c
62'/2C
50c
Transportation Co.—
Quarterly.
Philco
Pickle
25c
30c
35c
$1.50
5ft'
30c
$2
10c
(quar.)______ft--4-2___„„._$___ft?
Co.
12- 1
12- 9 ft
. '/.ft'
12-15
11-30
12- 1
11-20
"ftftft'%:.' ft: ;;
•
;'
$1.50
12- 4
11-20ft :
•/1 :• ft" "/ft/-:
, $1
' 12- 1
11-15
20c
12-12 " 11 -28
$5c
12-30
11-30
65c
10- 2
9-15
'
Philadelphia Germantown & Norristown
11-25
11-30
■';,.:/ •■v/ft/
12-20
;.:/,/,
:" 30c
$1.50
(quar.)
11-22
50c
Kuppenheimev
Lamson
.
preferred
6'>
11-21
30c
40c
25c
Kinney
Co,
12- 1
12-15
12-20
30c
,30c
.
(s-a>_
Pennsylvania Salt Manufacturing— . ft'1
New common
(initial quarterly)_________
8
$2.50
Kingston Products Corp
(N. Y.)
12- 1
12^ 8
12- 1
11-20
12-1
12-11
12- 1
|$1,25.,; " 1- 2
ft
4__—
1
1-
12-14
12-15
12-15
$1
(extra).
(quar.)
12- 2
11-15
11- 4ft ft.
12-1
11-25 "
10c:
1L-30
25c
$1
——
A
Class
2
Department Stores Inc.—
Year-end
Corporation
Pennsylvania Exchange Bank
12-14
30c
;
12-16
12-
12-30
Package Machinery Co. (quar.)
50c
Special ^44-_4___4_ft__'_ft__^_U__ft_ft:ft4$^''ft/;$1.25
RR.
$1.25
$1.25
5c
—'
—
Corp.
12-6
12-
50c
(quar.)
——
Kaufmann
Kern
com.
Oil
Western
12-20'
12-20
12-20
12-30
± 1- 1
12-9
75c
$2.50
$2.50
50c
Pagc-Hershey Tubes, Ltd. (quart).„„___U_„_
Pennsylvania Electric Switch Co.—
'ft^.;'
12-1
Co.
Laughlin Steel Corp,
iyear-end 1
preferred (s-a (_
(year-end)__;.
12-15
(quar.)—65c
55c
Interstate Hosiery Mills Inc. iquar.)
25c
Investment Foundation Ltd, 6ft pfd. (quar.)
J75c
Johns-Manviild Corp. (year-end)—..
$1.25
&
5 ($
Pacific
12-15
75c
•$.
Inc.
Co.
Pacolet Manufacturing,
1-
Year-end
Jones
(quar.)
(year-end 1
&
1-
$2
20c
(quar.)——
Machinery
Co.
Holding Corp.
Marine
1
5%
—
Harvester
Pennsylvania RR.
Service
1
2
12-20.
12-20
12- 1
1- 2
•
75c
$1
$2
12-30
45c
dividend
Stock
ft ;
class A
12-
1-
12- 1
1- 2
(quar.)
12-
:
12-11
75c ft
Overseas Securities
11-24
20c
B
12-30
$$1
International Business Machine Corf),
B
prior preferred
Ohio
.12-15
12-11
$1.50
$1.50
75c
iquar.
iquar.
American Rayon Corp,
North
11 -29
11-24
A
11-15
30c
common (quar.)
Corp,
12-15
40c
25c
Plantation———..
Corp
Car
/•:-'.
Outboard
25c
Mining & Smelting—.
Iron
Mines
American
preferred
1st preferred
$6
12-23
(interim)$3c
Ltd. (interim)
ft
$$1
1st
$6
:
12-11
31lAc
25c
$1.75
Lines,
Interlake
37'/ac
40c
12-22
12-15
12- 1
Extra
1
12-15
Illinois Central
Leased
North
North
$ 1.50
:
Corp.
Sugar
Hutchinson
Corp.__-_________ft_______
Corp
Electric
Pfaudler
$1.75
40c
Parts (quar,)——
(quar.)—■
Motor
Rubber
Hudson Bay
11-24
12-5
12- 5
City
Cliffs
Special
International
12-18
Brewing Co
(G.)
Heileman
'■
'
$2
$1.75
11-20
50c
ft—--ft75e
:
25c
25c
Quarterly
Hazeltine
11-24
—
1
$1
.
Mountain Power Corp.—, ft
preferred (accum.i
—
—
Watch Co, 5ft preferred
:
Hammermill Paper Co.
(quar.)
Hathaway Bakeries, $7 preferred (accum.)_
Haverty Furniture Cos. Inc. (quar.)—
Hawaiian Commercial & Sugar Co. Ltd,—
11-30
11-30
12-12
75c
Machine (year-end) —30c
12-
$1.25
—_
$6
12- 7
Co, common (ycav-end)
$7 preferred (quar.).—^—
...—Cincinnati Street Railway Co.—
11-30
Green
12-13
12-13
12-20
Coca-Cola Internet'!
common
iquar.)
Paper (quar.)—
Northern
1-2
1-2
1- 2
.Chicago Towel
12-11
Pilot
preferred
";' 7ft
12- l:V-:
12- I
12-15
11-30
12-18
Newport
ft
11-15
11-15
12- 8
11-24
11-15
11-27
12- 1
12- 1
60c
Nippissing Mines
$2.50
50c
(quar.)—
ft,
Great Atlantic & Pacific Tea Co. of Amer.—
;
Common
y,y-.
$5
12-15
12-31
Clark
Co,
F.)
(B.
Goodrich
'50c
$3.50
Co,
J.)
(J,
12-21
12- 5"
12- 5 ft 11-20
12- 1 ft 11-15
(quar.i______________
Class B
1'i preferred
Newberry
11-20
12-1
15c
25c
50c.
Machinery
Newmont Milling
(this payment clears all
2nd preferred
'•ft.
5
•1-10
25c
arrears)
11-24
12- 1
12- 1
11-20
11-23
11-15
11-11
12-15*,
12- 1
11-27
12-14
12-14
12- 1
12-13
$3
$1
12-
1-15
80c
:
Machine
12-11
1- 2
1- 2
,
12-5
12-10
_.„__/ft__,__ft_/r__4_4:__';
Co..______._4_„_/
Bedford Cordage Corp, class A,
National Rubber
New
$2.25
"ft-
$';';ft?$y.
Co.
Globe & Rutgers Fire Insurance Co.—
11- 6
11-30
11-30
11-24
12-1
12-10
13% c
Tenn.)
National Radiator Co.
ft
11-30
12-15
(quar.);-L._'_„_—75c
preferred,
$3
(Nashville,
11-30
12-15
in cash
'. ft
(resumed)
Common
Gisholt
,,,
ft:
(66/1000th of a share)
stock
common
or
Payable
(accum.).
preferred
$6
■■-■
General Water Gas & Electric—
11-15
12-12
—
:
General Shareholdings Corp—
.
'
(quar.)
common
1
12-15
.
12- 1
12-19
12-20
12-20
12-
12-21
,
■
Hein-Werner
$3.50
2
12-15
■
Hewitt
prior lien preferred (accum.)——_
$6 prior lien preferred
(accum)—
Chesebrough Manufacturing
(quar.)——.
2
1-
preferred (quar,)
$ $$1.25
5V2 ft
preferred (quar.r
—
$$1.38
Gaylord Container Corp, common iquar.)—
12y2c
Extra
———J—.—1—_____
l2Vsc
5Vs ft
preferred (quar.)
—_
68%c
General Crude Oil
:——
-.
10c
General Instrument Corp.
:'
25c
General Reinsurance Corp.
(N. Y.) ._______ :;r: $ 50c
5ft
-
12-12
$7
12-11
!; 1-
12'/2c
$20c
.■. $5c'
Extra
.
■'
1
.
$1
Power,
Gatineau
,
1
12-1
previously
was
11-20
11-11
11-29
11-24
11-29
11- 6
11-30
12-16*
12- 2
11-24
11-24
12-1
,
$1.50
A__..l.ft-.i—
class
Co,
12-30
12- 1
Extra
1
$2ft:
■
$25c
$250
$2.50
,
:
C,)
iR.
12-
withheld)
Gabriel
12-12
Chicago Rivet &
payment
(this
pfd.
$3
(year-end)—
preferred..——
$3
Inc.,
Loom,
the
of
"'"ft
Maryland Fund
'
Maui Agricultural Co. Ltd. (year-end)
Merchants & Miners Transportation (quar,)
12-
;
;
$25c
Paper
Mahon
50c
10C
10c
50c
(quar.)
Fruit
&
Power
Trucks, Inc
Magma Copper Co
12-15
.
(quar.)
Class
MacLaren
11- 4
12-1
.
12-15
12-
of Canada Ltd.—
Ford Motor Co.
12-15 '" 11-30
11-15
12-15
12-15
11-30
12-11
12-15
25c
$4c
ft 'Mack'
Noranda
(quar. 1
:
Metal Products Inc. (quar.)
Mines, Ltd.________
12-15
(q.uar.$_.-4^_.$_4-C4_„$_v-_;^,,v;;;^
Hotels' Co.
:'^'y
'
12-1
A
20c
.
2
12-20
15c
B
Class
11-30
10c
50c
_
12-28
\
—
12-31
,
Funding
12-15
.12-15
$2
$1.75
-y.:
& Rubber Co.—
(year-end)
12-31
3-15-45
12-15
h
.
7'/p
11-15
12-15
(qtt£l3r.)
B
Common
125c
•
2
11-30
America at Baltimore-—
Firestone Tire
,
12- 1
12-15
.
11-17
(s-a)ft''
common
Macassa
.
12- 8
12-11
■
Co,
,
12- 8
12-30
10c ft. 12-15
(quar.i_____
Co,
Mortgage
.
■
25c
ft'."/ 25c
12- 8 , "
6c
12-1
12-9
50c
12-1
12- 4 :■
■:
50c
12-28
12-15
Mergenthaler Linotype Co._—___;_-_.__4_
;
$1.50
_12-22 ■
Middle West Corp.
11-20
(year-end)
30c
12-20
Extra (subject to SEC approval 1
11- 4
$2
12-20
Midland Oil Corp, $2 conv. pref. 1 accum.)
11-20
25c
12-15
11-20
Minneapolis-Honeywell Regulator—
ft .",, ft'"'"j'
-.ft -ft
'.'ft '..
Common ftquar.)
11-20
___-_i.-__-A_$.____ft_i.ft;a'ft:.-ft- 25c
12- 9
11-25
4—'
25c
12- 9
11-25
12-21 >■ .ft: " Extra
Mission
12-15
Corp.
(year-end)
25c
12-22
11-24
Mobile Gas Service. Corp, 6ft
12- 8
preferred____
$1.62%
12-8
ft,—
12- 5
Molybdenum Corp. of America—
12V2C
12-22 ft 12- 5
Monarch Machine Tool (reduced)
50c
12- 1
11-24
Monroe Loan Society, 5ti:ft pfd.
11-20
iquar.)___
34%c.
42- 1
11-24
Munson Line, $4 preferred A (irregular)—.ft
$1
12- 1
11-20
$4
11-24
preferred (accum.)_____——
$4
12- 1
11-20
Murray Corp. of America
50c
12-12
11-28
12- 1
Muskogee Company, :
65c.
12-15
12- 1
12-22
Muskegon Piston Ring Co
•
20c
12-16
11-30
National Discount Corp, common_..____
12-22
50c
12-10
11-30
5ft
preferred • Iquar.
$1.25
12-10
11-30
'1
11-30
National Folding Box Co., common.
25c
11-1.5
11- 8
Common
50c
12-13
12- 8
11-15
12-15
ft National' Life & Accident Insurance Co.—
.ft/ft "vftft,
ft; ft/.ft >ft ft /-'/"ftftt
1-15
1-
■
Exploration
&
11-17
2
1-
12-30
$$1
11-30
1.
ft,ft.."'-'ft', •/.'■.;"v
.
11-17
1
1
■•.
50c
(quar'.)__-L.—__—
of
preferred (quar,)
$$1.75
rights (year-end)—.$$1
Canadian Oil Cos.
(extra)___~—.■ $20c
Canadian Western Natural Gas Light Heat
& Power Co. Ltd, 6')
preferred iquar.)._
t$1.50
Carolina Telephone & Telegraph Co,iquar.)
$2
Carthage Mills, Inc., common
50c
6%■ preferred class A (quar.)_l..^^^,,_,__ ,,
$1.50
677 preferred class B (quar,)_—60c
Catalin Corporation of Amer. (year-end)—"
15c
Celanese Corp. of America, common (quar.)
50c
$4.75 1st preferred (quar.)
$1.18%
1% 2nd preferred (quar.).-.——k
$1.75
Central Illinois Light Co, 4V'*ft pfd. (quar.)
$1.12»/i
Central Illinois Securities Corp.—
$1.50 conv. preferred (accurri.)
50c
Central & South West Utilities Co.-—
Extra
'.
11-30
12-
25c
25c
V,.v .;U.
(quar;)":
Co.
Class
;
11-15
12- 9
11- 6
.
11-15
12-
37V2c
Shops iquar.)————
A',(quar.),
Class
12-23
■
1
12-15
25c
,
Corp, common
Cleaning & Dyeing—
preferred
7ft
12- 1
11-18 ft
12- 1 ;■ 11-18
12-15
12- 1
1- 2
12-15
12-15
11-29
$$t.50
$37Vac
IS2
2
12-15
$$1.75
10c
Gruen
Permanent Mortgage Corp, (quar.)_
Wire & Cable Co. Ltd, cl. A (quar.)
Canada
Canada.
G2Vac
Extra
:
—__ —
12-
12-
(quar.)—..
common
9
Lyon
±$1.25
Metallurgical
United
Fenton
:"
.;.
11-20
11-15
11-15
12- 8
12-29
12-11
12- 1 ;
11-29
12- 1
11-29
1- 2'12-20
12-
75c
$2
_'2___•__;
Fansteel
11-18
11-25
1- 2
Stores,
Brothers
Extra
,
$2
(initial)_________
Title
Extra
1
:.
iN.
Fanny Farmer Candy
12-15 ;
1.1-15_
11-28
■
50c
$1
25c
25c
Louisville
!
Land
Lunkenheimer
12-
.
(interim)
Louisiana
12-15
guaranteed (quar.i
$1
Empire District Electric—
5 ft
preferred (initial quarterly)
$1.25
Empire Power Corp.—
:
$2.25 participating stock (accum.)-.--—
75c Emporium Canwell Corp, com. (year-end)
40c
4 Vs ft
preferred A (quaru-22../.' •■; 56%c
English Electric Co. of Canada Ltd.%r
$3 non-cumulative class A—$25c
Faber, Coe & Gregg iquar.)
)
50c
Fairchild Camera & Instrument
:
50c
__
11-17
—1^—$1
common.
—
30c
Extra
Artloom
•'
'
(year-end20c
Corp.
Angostura-Wuppermann
Anheuser-Busch Inc.
ftregis
10c
$4
ft/A
29 1/lOc
RR. Co.-—
H-21
11-21
11-29
11-10
ft
,ft. 7ft"' preferred
(quar.$$1.75
tone Star Gas Corp. 1 year-end.1 ___„ft_4___ftftft,
30c
11-30
8
12-1
12- 1
12-16
12- 1
.
Theatres, Ltd.—
(Marcus)
Common
1
12-
12—15
12-
4ft
11-30
12- 5
12-20
1-2
1-15
12-1
12-13
4
$3
$1.25
1
$1
25c
Oil
Loew.'s
12-1
,
!2- l
11-27
11-24
;
12-
20c
5ft
conv.
preferred (1937 series)
(quar.)
62'/2c
5ft
conv.
preferred (1941 series) (quar.)
62V2C
Edwards Manufacturing Co.
(quar.i
$1.50
El Paso Electric
(Texas), $4.50 pfd. (quar.)
$1.12'2
Electric Auto-Lite Co.—:
50c
Electronics Laboratories, Inc.
(initial)___._
10c
Empire & Bay State Telephone-—
12-20
■■■
.
$3.50
$1.75
'ft $2.25
(accum.i———
Refining, VW pfcl. <quar.)_
American Telephone & Telegraph (quar,)—_
American Verre-Mural,
v.t.c.__-4____4___44_
American Woolen Co, 7 7ft preferred (accum.)
preferred
American Sugar
1
•12-22
■■
Edison
11-20
12-20
12-15
50c
Co._———.
American
$5
Dravo
H-30
,
12-
.preferred
(quar.)
Refining Co. (quar.).;
Loblaw Groceterias Inc. (quar.):
■';
/
■-
.
preferred (quar.')__••
Manufacturing Corp. (quar.).
Corp.
(year-end)
7 '/<■
:
;Doyle
■,
convertible .preferred (quar.):•.-V 75c,
12-12
American Investment Co, of Illinois—
'
. ;■/
■ , .- h
.ft -/"ft
Common (quar.)
—:
15c . 12- 1
5%" preferred
(quar.)
—
62Vic '• • 1- 2
$2 preferred
I quar.)
50c
1- 2
American Laundry Machinery Co.-^_a__-^--, ,
50c
12-11
American Machine & Foundry
20c,
12-11
•ft- ,6%
Arizona
Extra
1-2
1-2-11
12-15
12- 1
12-15
12- 1
1- 2
12- 1
12-28
12- 1.
1- 2
12- 1
12-13
12-1
12-15 ,11-30
50c
25c
■
12-20
30c
$1.75
25c
20c
Extra
7ft
Lion
4*
:
Dictaphone Corp,* common (year-end)
8 'It
preferred
(quar;)
Dixie Cup Co, class A (quar.)
Dominion Textile Co, common iquar.)____._
12-1
(optional div,.series) of 1936.
$2.75 class A
1
12-1
Y.) (extra)
Oil .■;?
Supply
Devonian
■
Cities Power & Light Corp.—, >
American
1
12-
12-
,
,
($25 par)
common:
Dentists
11-24
12-29. .12-15
12-22
12-12
12-30
12-20
l- 1. 12-20
.12-15
12- 1
12-31
12-15
12-21
11-30
.
7%
New
'
12-15
12-15
12-15
12-, 4
.
12-
.12-10
12-20
preferred
Delaware & Bound Brook
1-2
1-2
11-17
12-10
12-15
-
(year-end)
convertible
Credit, Inc. (year-end i_
Deep Rock' Oil Corp
12-15
1- 2
(quar.i
11-17
11-30
25c
"" ;
12- 1
12-15
3c
ft
.
11-30
•?;
of Ret.
Payable
37J/2c
..
12-20
lnc.___.L__'_^_
Dealers
of-Rcc.
Payable
,7.5c
"Special
-Vr---.;—25c
Albany & Susquehanna
$3.75
Alaska Packers Association I year-end)
$3
Allen Industries Inc.
(year-end)75c
AUgs & Fisher,
'•
25c
American Airlines, Inc. (year-end)-----^--—
$2
American Bemberg Corp., class B,^—
; 25c
7'/i
preferred
$3.50
American Cigarette & Cigar, common,„_„_
$1.25
6vft
preferred iquar.).
^ ■
$1.50
American Car & Foundry, 7 %" preferred-$1.75
Co.
Agricultural Insurance
5%
Holders
When
Per
1
1
$1.25
Crucible Steel Co. of America—
Companies
25c
;
...
(quar,)
& Seal Co,
Common
Industrial and Miscellaneous
5 V
12-
Holders
When
■
12-20
11-22
Lincoln Service Corp. (Wash, D.
:ft:"ft !
ft.ft
'.ft'/
Common (quar.),:__ft____4_—1
25c./> .12-12
11-30
7ft.
preferred (quar.)
87V2c
12-12
1.1-30
Gft.
preferred (quar.)ft37Vac
12-12
11-30
Lincoln Stores, common (quar.)__:
"ft
30c
12-1
11.-21
1
12-
50c
preferred
Crown Cork
1
:
(quar.)
common
Extra
5ft
announced this week are:
12-
12-19
(quar.)62»/aC
preferred
57i
Crane
ft-;, ft.-/
declared.'
12-
2
1-
ft,
'
(resumed)
Petroleum' Co,
Lincoln
12-15
•
.
Corp...____l..___-____„'„u__'
Lily-Tulip Cup
12-15
of Company
,
•
Department" in the week when
Investment News
and
.
been' paid.
11-24
9
11-25 ;
Power
&
: Name
12-15
(year-end 1...
i :
90c
Continental Realty Investing
: '
$2.50
Cook Paint & Varnish Co, common (quar.).
20c
$4 preferred
(quar.)$1
Coppcrweld Steel Co, common (quar.)
20c
show the dividends
we
which have not yet
>
■
previously announced, but
Further details and rec¬
past dividend payments in many cases are given
the company name in our "General Corporation
which
(inei\ quar.)
Public Service Co.
Congoleum-Nairn Inc. iquar.)
Community
In the
separate tables.
Dividends are grouped in two
first we
12-
$1
50c
25c
25c
(quar.)
Per
Share
'
of Rec.
Payable
Share
Name of Company
Monday, November 20, 1944
CHRONICLE
'
ft
(accum.
1
(quar.)
1-15
1-15
$75c
75c
$1.23
$1.25
:
;
•
)
12-30
12-20
12-20
1
12-11
12-11
12-
-
v
.
2227
V
Number 4335
Volume 160
When
Share
of Rec.
12- 1
50e
Stroock
(S.)
Co
&
Class
Swift
Co.
(quar.)
50c
40c
■;
_
12-1
12-1
1- 2
12-26
12- 9
12-15
12-15
12-15
11-27
11-24
11-27
11-27
10c
10c
'
___
12-26
1- 1
12- 8
68%c
30c
(quar.)^.--
preferred
participating
5Mj';k
12-11
1- 1
Taylor-Wharton Iron & Steel Co
12-15
Telephone Bond & Share, 7% pfd, (accum.)
$1.45
Tennessee
Corporation
25c
Texas Gulf Sulphur Co.
(quar.)_______—50c
Inc.,
Thompson Products
(quar.}___—*
Toledo Edison Co., 17b preferred
6'i
5%
12- 1
50c
12-1
12-1
(monthly!41%c
Oil
Transwestern
Twin CityJF'ire
Tyer Rubber Co.,
"
preferred
Co,
11-20
11-15
11-15
50c
fquar.)j_——-i.-—$1.50
common
__
Co.
Sugar
United
United
Class
B
12-15
11-30
11-30
12-15
$50c
$1.50
-———J—:-'.
—
Utilities Corp., $3 pfd. taccum.)
United Public
12-15
12-11
12-14
3-15
(accum.)—
.
S1.37V2
U. S. Bobbin & Shuttle Co., 7% pfd. (accum.)
$14
Uniyersal Products (year-ehd)—80c
preferred
$2.75
Winding
Universal
$2
——
Ltd. jinterim)
Upper Canada Mines
Upson-Walton Co.
Cotton Mills Inc. (year-end)
Valley Mould & Iron Corp., common-..-—
$5.50 prior preference (quar.)
_______
•
$1.37(4
'(flUar,)^:i.„C.V;^.62%c
Virginian Railway Co.; common
Corp.:•;__
Wabash-Harrison
Waco
..(year-end)30c
Aircraft;Co.
Atlantic Coast Line RR.,
11-7
11-20 >;
11-20
.
_______
12*41
Atlas
.
Class
York
A.
' 15c
6%
A.)
.
Bank
of
Steel
Acme
Name of Company
'
•
••
Belden Manufacturing Co.
.
5'T
Allied
5ffl'
•
Ltd.,
•25C
—
$1.25
90c
(year-end)--.™,
$1
6'i
preferred (quar.)
Industries (quar.)
Cable,
&
American Chicle
Co.
American
12-
t $ 1.50
"16c
12-
30c
Extra
4?4C7
Electric
&
preferred
$3
preferred
preferred
12-1
10-26
9c
12-
10-26
12-15
12-
5
12-15
12-
5
12-15
12-
1
12-
1
50c
12-
8
11-10
12-
8
11-10
Ltd.,
12 V2C
12-
$3
preferred,
Brothers,
5%
11-15
Butler
Water Co.,
12-
Byers
(A.
(quar.)
2
7
1
11-15
12-
1
11-15
75c
12-
1
11-15
20C
12-
1
11-14*'
25c
12-
1
11-18
12-
1
11-18
50c
—
common
Standard
12-
Common
Cable
(quar.)
M.)
(year-end)
--
(annual) 1
class A. (annual)
preferred (quar.)
preferred
11-10
11-16
11-15
Canada
&
Canada
Dry
11-24
12-
11-21
$1.73
12-22
12-
6
$3
12-22
12-
G
Registered
$3
12-22
12-
6
Extra
Ginger
Extra
Canada
Malting
12- 1
2c
8c
11-25
11-25
$15c
50c
1- 2
12- 1
12-1
12- 1
Sugar
Co. Ltd.
(quar.)
Ale
Inc.__
Co.,' Ltd.,
bearer
—
(quar.)__
12- 1
15c
50c
37MiC
23/i %
10-31
Common
11-15
5% preferred
llr30
11-15
15C
12-30
12-20
10c
12-
9
12-
1
15C
12-12
12-
1
12- 4
11-21
11-14
10c
12-15
12-
1
10C
12-15
12-
1
11-25
11-10
37 >/2C
12-30
12-20
25c
12-11
10-23
$1.50
1-1-45
12-14
(s-a)
(quar.) —
12-
12-
1
11-20
75c
12-
4
11-20
75c
preferred--—
12-
1
11-15
11-30
11-21
11-21
11- 6
1
11-20
11-20
11-
1
12-
1
.
11-20
11-20
11-13
1-15-45
12-
7
25c 4-14-45
3-
7
7-14-45
6-
7
25C10-15-45
9-
6
50c
11-21
11-
7
75c
12-14
11-18
5c
11-25
11-10
12-23
12-
9
12-18
12-
6
12-
1
11-15
$1.25
3-1-45
2-15
$1.25
6-1-45
$1.25
25C
Pac. Ry. Co,—
$4
$ 1V4
(quar.)—.————
—
11-20
11-
Collins
12- 1
12- 5 J
12-10
12- 1
12- 1
12-15
12- 1
11-21
11-30
Stores
Colonial
Corp.,
Aikman
convertible
57b
1-31
12- 4
11-30
10-31
11-15
11-15
.
8 7o:
11-21-
20c
12-
8
11-
12-
1
11-15
50c
12-12
12-1
$1.25
12-12
12-
87V2C
11-10
; 50c
12-1
32-1
31 y» c
12-15
$25c
11-13
;
11-15
11-30*
11-13
1
12-
1
$1.06]/4
't.
L4——-1—;
12-30
12-
5
25c
(quar.)_—-
1
12-20
11-24
Amusements Ltd.—
(s-a)
12-
pfd. (annual)-
11-
8
12-25
12-21
11-10
12-
1
11-
4
12-
1
11-
4
56'/4C
12-
1
11-15
$1.50
12-
1
11-15
1-
2
1112-
3
1
11- 2
11-
2
12-
10-17
12-
1
12-
12-15
11-15
12-15
12-15
11-15*
1
11-15
11-15
11-22
11-15
Petroleum
Corp.
preferred
Drug Co.f
77b
Forster
preferred
Insurance
(quar.)
11-15
11-27
11-10
1
11-17
12-
11-30
10-30
11-20
11-
12-29
12-15
50c
12-20
12-15
12-15
11-25
12-
1
11-15
60c
,
$50c
50c
12-15
11-15
1
11-15
12- 1
12- 4
43%C
12-
15c
12-22
30c
12-26.
4
$1.75
1-2-45
12-15
$i.G2y2
1-2-45
12-15
$$1.75
12-
1
11-
1
3iy4c
12-15
11-25
i2y2c
12-23
12-
12'/2C
12-23
12-9
75c
12-15
12-
9
1
—
$1.50
1-
2
12-23
5c
12-
1
11-20
5ey4c
12-15
11-30
5e
12-15
12-6
$1.25
12- 1
11-13
—
——
——
1
(quar.)—_——
Coal Co., Ltd. (s-at—:—
Crum & Forster, 87'o preferred (quar.)
&
11-30
75c
Crow's Nest Pass
Crum
11-20
3iy4c
.
(quar.)—
(quar.)—.
convertible preferred
1
30c
Qrown Zellerbach Corp.—
$5
11-15
12-
25c
(quar.)———
common
1
25c
;
(year-end)
11-20
12-
$1
Cork & Seal Co., Inc.—
$2.25
Crown
11-10
12-11
25c
—
Crompton & Knowles Loom Works—
67b preferred
(quar.)
—
Croft Brewing (year-end)—
Crown
11-15
12-15
10c
6V%7b preferred (quar.)
Corrugated Paper Box,' Ltd;, 77b pfd. (accum.)
Counties Gas & Electric, 1st preferred (quar.)
Creameries of America, Inc.. (quar.)—_—'
Creole
12-15
25c
1
11-14
12-15
12- I
12- 1
12-1
$50c
(Del.)
preferred
1
12-1
40c
Continental Telephone Co.—
Oil Co.
12-
12-23
$75c
(accum.)—————
participating
1
12-23
10c
Continental Motors Corp.————
T/o
12-
10c
$20c
—.
Corp.—
Continental
11-15
11-30
—
Co. (year-end)
Casualty Co. (quar..)—
11-15
11-30
12-15
York Inc.—
(special)—
11-15
11-15
1
60c
Can
preferred
1
12-31
Gas" Utilities
Continental Commercial
1212-
55C
1
11-13
11-14
$4c
11-20*
Continental
11-20
$$3
Inc. (initial)——
Consolidated Vultee Aircraft—
$1.25 convertible preferred (quar.)
Consumers Gas Co. Ltd.
(quar.) —————Container Corp. of America (irregular)—
Continental Assurance Co. (quar.)
—
Continental
11-20
1
$$1.50
(Toronto)-—
(quar.)
Co. (quar,)
Connecticut River Power, 67b pfd. (quar.) —
Consolidated Bakeries of Canada Ltd
Consolidated Biscuit Co. (quar.)
—
11-15
1
11-28
75c
$2.40 preferred
Connecticut Power
11-15
12-
12-
$1.25
11-21
11-15
11-21
25c
Corp. 7year-end)
Consolidated Laundries
Corp.
(irregular) —
Consolidated
Paper
(quar.)———,—
11-20
11-21
1
62V2C
™
Consolidated
1
12-
31
common———
Consolidated Edison Co. of New
11-20
12-
$1.25
preferred
$2.50 non-cum.
1
12-15
Consolidated~D~iversified Standard Securities
11-10
2
12-
12-
11-17
11-17
11-25
11-
1
12-15
Ltd; (s-a)
Connecticut Lt. & Pwr., $2.50 pfd. (quar.)__
12-21
ill-10
$1
Coniarum Mines,
11-10
1
12-15
common
preferred
Inc.,
12-
6
75c
Quarterly
12-21
12-1
$50c
11-10
1
$1.50
Confederation Life Assurance
10c
12-15
11-10
12-
25c
preferred
Confederation
1
12-8
25c
25c
$50c
12- 1
$1.25
(quar.)
Colorado Fuel & Iron Corp. (quar.)_.—
Colorado Milling & Elevator, $3 pfd. (quar.)
Commonwealth Telephone, $5 pfd. (quar.) —
57b
12-15
$20c
$20c
8-15
11-15
$1.50
class
&
5-15
9-1-45
(quar.)
common
A———Y-.—
Colgate-Palmolive-Peet Co.—
$4.25 preferred {quar.)
8
1
$1.25 12-1-45
(s-a)
Coca-Cola Company,
$3
11-20
12-
25c
12-20
11-10
1
25c
v——
Cockshutt Plow Co.
11-13
1
12-
12-15
30c
57b
11-30
12-
12-30
5to
11-17
12-
12-30
$5
5to
5
11-20
12-
$3.50
preferred (quar.)—-——-—-'
preferred (quar.)
;
:
preferred (quar.)
—
5to
preferred (quar.)
——.—City of New Castle Water Co.—
67b
preferred (quar.)——————_
City Water Co. of Chattanooga—
5 7o
preferred (quar.)
Clayton & Lambert Mfg._
Clearing Machine Corp.
(quar.)
Cleveland Graphite Bronze Co., common—
5to
preferred (quar.)__—_
Cleveland & Pittsburgh RR. Co.—
Regular stock (quar.)
:••
Special guaranteed (quar.)
Coast Counties Gas & Electric—
Y
5to preferred (quar.)—_____——
11-15
$1.50
$50c
(quar.)
11-15
25c
——-
Cincinnati New Orl. & Texas
11-15
7%
(Holding) Ltd.—
Dominion
1
5c
12-
25c
—..—
11-20
12-
-
1- 2
12-15
15c
(s-a)
11-20
12-15
$1.50
Common •'
12-15
12-15
$1.75
Mills
12-15
$2
:
.
11-15
25c
_______
(irregular)—
California Electric Power_
California-Pacific Utilities, 5% pfd. (quar.)
C°tton
12- 1
Consolidated Textile Co.
(quar.)_:—
—_____—__
77o
preference
$1.75
(quar.),_.
conv.
Co
& Wireless
5Vn9b
California
12-28
1
11-15
Consolidated Steel Corp.
$1.25
—
Extra
Sanitary—
10c
Butler
11-15
-
$3V preferred
(quar.):
preferred
5%
Burroughs Adding Machine Co. (quar.)_™__
Bush Terminal Buildings, Th pfd. (accum.)
6
11-17
$3 preferred (quar.)—„
Chicago & Northwestern Ry., com. (initial)
5% preferred vtc. (year-end)
Chicago South Shore & South Bend RR.-**Quarterly ———•;——
Chicago Yellow Cab_
Chickasha Cotton Oil (quar.)
11-21
50c
Extra
11-22
(monthly).,
common'
Burlington
6
11-
11-15
$1.25
preferred
Products, $1.50
11-21
12V2C
40c
(quar.)___
—
Mills, common____._—
Co.
trating
1
Common
Co.,
Bunker
Store
12-19
12-10
$1.25
Products, Ltd. (quar.)
Inc. (Los Ang.) (quar.)_______
Hill & Sullivan Mining & Concen¬
11-
11-30,
—;
$1.25
20c
Bullock's,
11-15
11-23
(quar.)————;;
8714c
$1.75
•■
Building
1
11-23
2-14
prior preferred (quar*.) _____;
& Machine (quar.)
12-15
1-
11-15
11-15
common..™-
Extra
12-
25c
Mills
Ribbon
$10c
Co.,
11-15
Quarterly ——————
Quarterly
■
Quarterly, —
——
Chile Copper Co.__:
Chrysler Corp. ;_4_—;
Cincinnati Advertising Products—•
10-31
12- 1
(quar.)__
Collender
12-15
$1.1834
—
(quar.)
American Service
Mills
40c
—
$1.50
Products
preferred
11-25
11-15
11-30
preferred (quar.)
—
Buckeye Pipe Line Co.;
Budd (Edward G.) Manufacturing—•
.•
1
62V2C
Co.,
To
12-15
12-
11-20
$1 2-28-45
2V2C
12-1
50c
12- l
25c
12-10
•
Balke
Silk
BrunSwick
$5
6c
12-1
11-15
$1.75
Buell Die
1
12-
—
Home
&
11-18
______-
Metal
American Radiator
1-15
12-20
■
11-24
(quar.)
(quar.)
1
Chicago Corp.,
12-11
12-15
12-1
11-24
(quar.)-
L.) Co., common
preferred (quar.)
12-
$1.50
11-20
11-15
12-15
$1,816
11-20
11-20
62V2C
$$1.50
50c
37VaC
$5
12-15
$1.75
Co., Inc.
i
12-23
50c
Sugar Co.—
of 7'4c
preferred (quar.)
Chapman Valve Mfg. Co., 7 to
Chestnut Hill RR. Co. (quar.)
12-1
Wire, $2 pfd. A (irregular),
Manufacturing (quar.)
20C
pfd.
$2
Corp.,
(quar.)
American
preferred
11-15
25c
common
(quar.)
American
6'b
9
1
Fence &
1
12-
75c
tax
Q%
t$l
'
(quar.)__—_________
Co.
11-
9
75c
Belt ;':'Co,'_u_—
;
Chain
50c
(interim)
1
12-
—,—-
Champion Paper & Fibre, common
50c
11-25 '
$3. ■" .12-15
$1
12-20
25c
12- 1
$2.50
12-31
:-Y $3.50•.;
1- 1 '
15c
11-25
(resumed)
Mills
preferred
Bruclc
$1.75
'
(quar.)—
American General
$2.50
Co.,
;
—
11-15
$1.50
$7
American Gas
11-30
12-15
1
1
Edison
(E.
Tf»
2
12-
—^____
1
12-
$2
11-15
25c
3 V2 Co
$1
(quar.)—
preferred
(accum.)
;
—
American Forging & Socket Co.___
2
l$-22
50C
(accum.).—--™-—
preferred
11-
———
Chain
8
1
11-10
12-
50e
11-15
12-30
11-20
11 -25
16c
50c
(interim)
Co
Motor
Brooklyn
Bruce
1-
37V2C
11-
12-20
Extra
Brown Shoe
9
1212-
$1.06(4
5'
1
Extra
■
(year end)
(s-a)
Inc
Airways,
Brown-McLaren
12-11
11-
.
Brown
$1- 2
$1
preferred
Brookside
1
1
12-15
75c
American & Foreign Power—,
$6
1-
$$2
;v
—
preferred
11-17*
5
11-20
—
:
(quar.)
7%
12-
1*
$1.25
common.
'.
Envelope,
12-
Bearing
Roller
Brockway
12-15
2
12-11
$1.50
.
■'
Extra
l-
11-30
12- 1
.
Special
preferred (s-a)
Bristol-Myers Co.
12-29
1-20
Century
12- 1
$2.25
Co.
Brewing Corp. of America (year-end)______
Bright (T. G.) Co., Ltd., .6% pfd, (quar.)
9
11-15
12-
——
(quar.V_
preferred
13-
12-20
11-15
12-1
Rubber Co., com. (quar;)
Brazilian Traction Light & Power
12-21
.
5 'it-
;
1
12-20
5
Albany RR.
&
Cuban
Less
11-15
11^
12-15
50c
preferred
$6
Central Violeta
11-21
1-2
12- 1
12- 1
75c
Fund Inc.' ..(quar.)_—
Braniff
50c
Amalgamated Electric Corp., Ltd.————
Amalgamated Leather Cos., 6 ','c conv. pfd._™
6 'it
convertible preferred (accum.)__—
Amerex Holding Corp. (s-a)
—--——
American Airlines Inc., $4V4 preferred—™—
American Arch CO.
(year-end)
American Automobile Insurance (St. Louis)—Quarterly
—
—™™—
American Business Shares
—_—
American Chain
12-
•
;
Boyertown Burial Casket ,(quar.)_
Brandon Corp.j Class A (accum.)
1
25c
,
Aluminum
12-
1
Central
,
11-21
12-15
& Brass—
Aluminum
T.b
12-26
$1
12-
Central
1
Si
11-22
$2.25
12-15
$1.25 2-15-45
1 accum.i__
6'i
1
1-2-45
(quar.
common
12-
12-22
Central
12-
1
12-21
$1.50
(quar.)
—
Products (year-end) —
Paper Co. Inc.
States Edison Inc. (year-end)—
Steel & Wire Co,—_.—
Vermont Public Service Corp.—
Central
12- 1
30c
(accum.)
preferred
1st
Bower
11-14
15c
preferred (quar;
Alpha Portland Cement-_il-_l^~-_-*^-,.----1
Aluipinum Co. of America, common—
6'p. preferred
(quar.)___—------------Aluminum,
12-
11-15
1
12-
$50c
Steel
Ohio
Central
12-1
$1.25
Boston
11-14
1-1
11-15
12-
1
$2c
preferred
$0
11-10
1
11-
$25c
.
1st preferred (s-a)_
5'/o
preferred (accum.)——
Central Ohio Light & Power Co.—
10-27
12- 1
60c
Co.,
6%
11-10
11-
1
preferred (accum.)
$6
11-10
1-2
$1.50
(quar.)
Boston Woven Hose &
11-30
'•'•vV:; $3
(quar.)i_.,_—
Allis-Chalmers Mfg. Co., com.
Tib
.12- 1
:.;■•
common.
Corp.,
Stores
8
12-20
•■•
preferred
(year end)
Bohack (H. C.) Co., 7'r- 1st pfd.
11-15
12-
12-20
.
common____
Boston
11-30
95c
Inc.—:—u—
preferred
9
11-15
1
12-
Trust Ltd.—
5%
11-10
12-
$20c
2nd preferred (s-a)__—
Caterpillar Tractor Co. (quar.)_____________
Central Foundry Co., 57o
preferred (quar.)
Central Illinois Public Service—
COT'C - ''"-'IScyy ''';12-T1:
Year-end;^'4_'Yi_'_L4*Y_-_'l4'_u_i-_™4__;-'u,44v,-LY''\'." Y 10c' Y 12-11
Bloch Brothers Tobacco, 6% pfd.
(quar. i__
$1.50
12-26
Blue Ridge Corp., $3 conv. preferred (quar.)
:
tf.
Optional (ala sh. of com. stk. or cash)__
75c
12- 1
Blumenthal (Sidney), Inc., common (initial)
20c
12-1
11-18
$1.50
Corp.,
$20c
(quar.)
A
1
12-
1
common
RR.
11-15
1
1-
—
1
Blaw-Knox
11-10
12-
$1.75
Co., gtd. (s-a) —
Allegheny & Western Ry.,
Allied Laboratories Inc
Mills,
12-12
$4.50
,
Steel
$62VaC
$50c
—
12-
1-2-45
12-15
11-20
1- 2
$1.25
$1.75
$1-50
$1.75
50c
$1.50
—
Birmingham Water Works, 6U; pfd. (quar.)_
Black Hills Power & Light, common—_____
11-10
:
$$1
$$1.75
7':o
preferred (quar.)
——V
Bigelow-Sanford Carpet, common (quar.)—
6preferred (quar.)
Binks Manufacturing Co.
(irreg.)
*
■
preferred—^
Allegheny Ludlum Steel, 7 ^
Common
(year-end) ;v^—
Allied
12-12
$$2.50
30c
—
preferred (quar.):
preferred (quar.)___
Bohn
75c
$4.50
participating preferredAlgoma Steel Corp., Ltd.,- 5% 'pref. (s-a)_—
Alabama Water Service, $6 preferred-—
(quar.)
conv.
Bethlehem
of Rec.
6>
$1
$1
Extra
Holders
20c
37Vi>c
Boeing Airplane Co.
When
15c
$1.50
Beech-Nut
$7
Payable
12 tic
Mills, Inc., common
convertible preferred (quar.)
Packing Co. (quar.)
Beaunit
11-30
1-2-45
11-30
Catawissa
11-30
12-1
12- 1
12- 1
$25c
37'.4c
class A (quar.)___
12-15
6
12-9
20C
40c
(year-end)
Co.
Bathurst Power & Paper,
/:
—;
—
,
Bastian-Blessing
$5
•50c
(quar.)
Co,
(quar.)_
$25c
11-
11-15
12-13
$25c
(quar.)-——™™-™—™--™—
Co., class B (increased)
&
10-31
(quar.)
preferred
class
$2
12-12
12- 1
12~ 1
30c; 12- 1 ■ •
15c
12-9
:(quar.).L„__™!_i-_--;iiLd4-4,_:;;'"
class A
$1.20
Extra
Oil,
Carman
11-20
12-1
12- 1
$15c
$25c
Belding-Corttcelli Ltd., common (quar,)___„
l'/o preferred (quar.)
_:
—____
Berkshire Fine Spinning Assoc.— /
Per
Advance' Aluminum -'Casting-*——
Aeronautical- Products Inc.__r>_
——
Air Associates,
Inc.——
Alabama Great Southern RR. Co., ordinary'-
_______
(lnitial)______
BarnsdaU Oil Co.
Companies
/
6'A-
Canadienne Nationale (Montreal) —
Initial quarterly
___
$15c
BarLow & Seelig.Mfg. Co., commonl__—l°c
Share
'
.
common
(initial quarterly)™™
Toronto
11-20
Banque
dividends announced in previous
paid. The list does not include divi¬
dends announced this week, these being given in the
preceding table.
S
(quar.)
preferred
Montreal
Below we give the
Industrial and Miscellaneous
;; ••''•
Radio Show Inc.,
of
weeks and not yet
y-
v.t.c.
common
Bank
11-24
12- 4- .
12-1
12- 1
12-1
12-15
12-15
12-15
$3
_______—_
Spring & Wire Corp. (quar.)_
Youngstown Sheet & Tube Co
Youngstown Steel Door Co._^___w*_——.-(L.
Building,
Baltimore
3-5
12- 4
1-15
25c
25c
25c
(accum.)
Corporation
Young
(resumed)
Common
Balfour
Canfield
12-1
77o prior preferred
B/G Foods, Inc.,
'w
&
15c
common
convertible preferred (quar.) _______
Automatic Voting Machine Corp. (year-end)
Avondale Mills
(monthly)
—7c
12- 5
3- 5
12- 5
$1.12'.2 3-15-45
conv,:prior preferred iquar.)—
Checker Cab Co.; (Consol.)—-
Works,
30c
25c
25c
4114c
12V2C
$1,60
3- 7
-J—-37%C-3-20-45
(quar,)—$1.12V2
12-15
(quar.) ™__.~Y $l• 12
3-15-45
4conv. prior preferred
(quar.)
$1.12y2
12-15
4Viffo
new
11-30
11- 1
11-20
prior preferred
10c
$1
5c
$5c
2__'
preferred (initial quar.) __
11-20
11-24
% -prior -preferred
Yellow
Co.,
Automatic Gear
••preferred'
Y: U12«'•'
6'«
preferred (1897 series). (quar.)
—
$1.50
1-31
1-15
Wood (Alan) Steel Co., 70 pfd. (accum.$1.25
12-11
11-29
Woodley• Petroleum Co. (quar.),
10c
12-28
12-14
Wood Newspaper Machinery—
,
■
\
,;t'.i v, <» ;vY ,w<.■;h~Y !Yr$7
preferred (accum.)
_
.
$1.7,5
12- 1
11-11
Worthington Pump & Machinery, common—
$1.50
12-20
12- 9
4,4',«
$1.75
40c
;
Gold Mines Ltd,
Ordnance
Autocar
12-15
Common
(quar.)
tquar.)____
Corp,_:_—___—
(interim)
Tack
Aunor
Auto
$1
(year-end)
Co.
12-15
12-12
preferred (quar.)
Q'h
Powder
Canadian
12-23
12-15
12-15
12- 1
12-11
11-30
12- 1
11-30
12- 1
12- 1
12- 1
12- 1
12-1
1- 2
12-15
11-30
12- l
25c
25c
25c
75c
;
>
Corp.,
"'••'
r
____
Diesel Engine
Refining Co. (quar.)
Atlas
12- 1 /• 11-15
15c
$2.50
(year-end)
Canadian
1
$2
12-
1
12-
1-1-45
12-
Canadian Malartic Gold
12-15
11-15
$85c
Mines (s-a),——
Oil Co.'s, Ltd. (extra)-—.—______
Pacific Ry. Co., ordinary
11-10
12-12
$1.75
preferred (s-a)
non-cum.
Atlas
■" •■■
scries)
(1897
Common
,•
$3
25c
$1.50
Extra'
Service— -O
Electric Power Co.—
Wisconsin
$1.50
$1.12,/2
$1.50
$2
50c
(accum.)
preferred
I'k
11-15
1
$$1.
(interim)-™
Internat'l Investm't
Canadian
11-11
11-20
12- 1
1- 1
12- 1
12-15
12- 9
.12- 9
12- l
12- 1
12- 1
*12- 1
12-1
12-12
12-12
Atlas Imperial
Atlantic
12- 9
v-;-•'•Yv
$6 preferred"
$1.50 V. •••" l*'- 2Western Real Estate Trustees (Boston)--—
$2-. , 12- 1
Western Union Telegraph Co,, class A
50c -12-15
Wiltson Products, Inc. (quar.)
20c 112-11
Winters & Crampton Corp.—.•;,'
6c . 11-15
Winters & Hirsch, 7*&. preferred (quar.)_l_
: ,r
36c
12-1
5%
;
20c ,12-11 .11-15
Wamsutta Mills
50c
12-15
11-14
Washington Water Power, $6 pfd. (quar.)u_
$1.50
12-15
11-24
West Jersey & Seashore RR. Co. (s-a)—-,$1.50
12- 1
11-15
West Point Mfg." Co. (extra)
-—50c
12-15
12- 1
West Virginia Coal & Coke__„i.__—_____
25c
12-27
11-27
'."•r Stock dividend s..
5 ft.
12-27
11-27
West Virginia Water
common
(Conn.) (year-end)
Atlantic Gulf & West Indies SS.'—
Common
(year-end)
Ltd, (interim)
Waitq Amulet Mines
75c
$1.50
25c
$1
50c
,
Coast Line
Atlantic
Canadian
12-1
;';•'
2pd preferred (quar.)
—___44_
Atchison Topeka & Santa Fe Ry
Atlanta Gas Light, 4V»e/o preferred (quar.)_
Canadian
12-11
1
12-
$$1.25
(quar.)______
Foreign Investment Corp., Ltd.__
Industrial Alcohol, CI. A (Interim)
11-10
12-
(quar.)
Canadian Food Products, Ltd.
B
12-20
$15c
(quar.)
11-10
Class
12-20
1-15
$15c
11-30
12-22
y
Goods, common
preferred (quar.)
1st
67o
$3
pfd.
5%
$3.40 conv. pfd.
Canadian Fairbanks-Morse Co. Ltd.
3-12
1-25
(increased quar.)__a
Canadian Breweries,
9
11-17
12-22
'50c
Dry
12-
12- 1
12-15
$1
__________
Ltd.
Vinegars,
Canadian Bakeries
11-30
12- 1
.
B
Canada
$15c
$$1.75
(quar.),__
common
3
11-
12- 1
$15c
15c
Tk
12-15.
12- 1
12-16 - -11 -30.-;
$1.25
,
class
Associated
T%
11-15
3-31
30c
(quar.)
preferred
11-15
of Rec.
payable
Share
of Company
Northern Power,
Canada
11-15
12-30
$50c
____•
Name
of Rec,
11-30
12-15
1- 2
12-1
1-2
12-1
12- 1
10c
Anglo-Canadian Telephone, class A (quar.)_
Applied Arts Corp. (year-end)
—______
Arcade Cotton Mills, common
6% preferred
Archer-Daniels-Midland Co. (quar.) ________
Arden Farms Co., $3 preferred (quar.)
Armour & Co.," $6 conv. prior pfd.
(quar.) _
Armstrong Cork, common (interim)
4',»
conv. preferred
(quar.)
;
Armstrong Rubber, class A________i______™
12-30
11-15 ;
12- 1
12-20
30c
Norman
Van
75c
10c
—
6'k preferred (s-a)______—_—
National Corp. (interim)
12-21
$1
$1.50
Utica & Mohawk
75c
Andian
1-15
12- ',1
12-12
11-15
12- 1
12- 1
$2y2c
'-25c '
20c
____
Upson Co.':'
Common
11-22
12- 1
12- 1
11-15
11-15
12-1
12- 1
11- 8
12- 1
2-24
12-11
12- 9
(liquidating)-10c
(quar.)
,
.
30c
Aircraft Corp., common (year-end)i ;;v $1.50
Amusement Corp. Ltd.-* class
$50c
Corp.
Realization
Union
$1
12VaC
$6 1st pfd. (accum.) _
American Thread Co. Inc., 5% pfd. (s-a)-4American Tobacco, common (quar.)__
Class B (quar.)
Ampco Metal, Inc., common
11- 9
11-9
12-15
12-1
12- 1
25c
Co.
American Stores
12- l
12- 1
11-21
11-21
11-21
11-30
11-27
11-10
12- 9
12- 3
•
50c
(increased)50c
Insurance (Minneapolis) (s-a)
30c
Williams Steel Forging-—
&
Transue
6'.*«
12-15
12-15
58V3C
(monthly)
:
, :
(monthly)—
preferred
preferred
Ulen
$1.25
S125
>——;•
$3.50
50c "
50e
American Superpower,
11-27
12-15
(year-end)—
com.
preferred
$5
12-15
12-15
25c
1
Extra
11-17
Holders
Payable
20c
$1
Mill Co
American Ship Building Co., common______.
1'fo non-cum. preferred
American Smelting & Refining, com. (quar.)
American Steel
Foundries
(quar.)__
American Rolling
•
:
Taggart Corp., $2.50 preferred (quar.)_____
Talcott (James), common (quar.)
Extra
12- t
.
When
Per
Share
,
1
Name of Company
:
■
(quar.)LL 1'
A
&
420c
•
-
A.) Oil Co. Ltd.— ■' -•
participating preferred
Submarine Signal Co. (quar.)
(D.
Stuart
Payable
12-12
62y2c
Name of Company
"•...
-
•
\
Holders
Holders
When
Per
Per
'
•
.
Shares
Corp.—
2
11- 8
$2
12-18
12- 8
$1.75
11-30
11-10
$$1.50
12-
THE COMMERCIAL & FINANCIAL CHRONICLE
2228
"*
Name of Company
•
'
■
.v,.
.
''..
Z
;
of Rec.
Payable
Share
-
Per
When" Holders
Per
/
1
,
"
Cuneo
$1.12Vse
v.,';.
$3.
40c
preferred.
4%%
Press,
Cunningham'Drug Stores—
'
...
Great American Indemnity, (N.
'
•'
11-
'7'ii>
3
12-
11-24
G
.
1-
Curtis
Chemical
Davidson
12-
&
preferred
7%
Co.,
Common
(quar.)
(quar.)
preferred
*7%
Denver
Tramway
Denver
11-
11-20
$$2.50
35c
12-
B
12- 1
12-23
11-20
■'
Extra;
1
—————
preferred
(quar.)
Hale
5
Hallnor
8-
6
11-15
1
11-15
r
Hancock
11-15
1
Oil
1
11-15
1
11-15
Hanley
12-11
12-1
'11-16
12-31
12-14
12-
1
11-17
12-1
11-17
25c
12-1
11-15
$5c
12-
1
11-/8
'
(quar.)_
Co., 6%
Co.
of
preferred
12-
8
11-24
7%
12-
1*
11-14
Hanna
2-9-45
3-1-45
1
12-11
12-
1
1
1
1
(M.
Co., $4%
A.)
11-11
Harsh aw
Chemical Co.,
(quar.)
1-
1-20
12-
12-15
25c
*12-30
11-30
11-15
Hartman Tobacco Co., $4 prior pfd. (quar.) /'%■•;
11-17
12-
4
,
1
This, payment
10-31
Hayes Steel Products Ltd.
11-20
Hecla. Mining
11-25
Hazel-Atlas
./■/
(quar.)____—$87%c
12- 1
4(r
Glass
Co.
(interim
12-15v
*
2
20c
;
12-
1
$1
12-
1
>•//
:
i:
(quar.)
12-22
15c
1-26-45
Hinde
&
(Edward)
Dauch
Hires
Special
11-27
(Charles E.)
12-9
Horn
,
preferred
$6
Erie Railroad
preferred A
$5
Ex-Cell-O
Fajardo
pfd.
$3
5%
Gold Mines, Ltd.
Howey
Motor
2
Humble
Oil
Car
&
•,
12-
.
11-ll8
12-15
12-
Brothers
Hunt
'
11-20
1
11-25
Packing, 6ft
pfd.
7%
preferred
11-30
9
11-20
MacLeod-Cockshutt
12-
1
11-10
1-2
12-11
10-31
10c
12-
1
11-16
12-11
11-10
12-1
11-16
37%c
11-16
25c
/
(quar.)
•; Extra
6(ypreferred
11-15
1
11-10
Illinois
12-
1
11-10
11-26 / K
11-10
Manhattan
1
11-10
12-30
12-21
45c
12-15
11-30
12-30
12-20
11-20
12-
1
62 %C
v:
/ 12-
1
12-
1
-
$1.37%
/
17-17/
12-15
60c
12-30
12-16
.preferred.; (S-aj.www^i-/-——75c
preferred (accum.)
$$2
Light & Traction Co., $6 pfd. (quar.)
$1.50
Federal-Mogul Corp. (quar.)—
30c
12-30
12-16
Federal Grain Ltd., 6%C«
Co
:
—
12-
Matthiessen & Hegeler Zinc
/
(Cleveland,
12-
International
Petroleum
12-1
11-15
International
Products: Corp.
50c
12-10
12-10
12-
A
(s-a.)__—
(Utah)—
Nickle
International Silver
•
12-
12-
1
1
Interstate
12-10
12-
12-10
12-1
Intertype Corp.
Iowa
(M. H.)
Co.,
Inc.
15c
.■
$4.50
(quar.)
Florida Power Corp.,
preferred
T/q
Fort
Trailer,
America
1Q-16
found
12-
11-15
11-14
12-
1
11-20
Jewel
12-1
11-20
40c
$1.12%
75c
12-
1
1
General
Paint
Gerrard
iS.
Goebel
Brewing
Golden
Cycle
Corp.
Preferred
:i
11-25
11-10
11-25
11-10
12-
9
2-1
11-16
1-
8
(initial quarterly)
11-20
11-15
—
Gossard
(H.
W.)
Powr
Co..
Union
Iitd.
Co.
(quar.)—
Co._—
Couso'idited
Gra"bv
Grand
Manufacturing
Mining,
Smelting
(S-e )
;
j,
&
;
——
& Co.
Fund
Creamery Co.,
Extra
60c
12-31
12-15
Kresge
12-15
50c
' ■'/
,
-
25c
12-15
12-
1
12-
1
12-
1
11-9
' •' ;;
j4i 1
11,1s
12-11
H-20
12-
11-21
9
12- 9
11-21
12-
11-30:
12-15
1
12-
,12rlo
■
12-
12-15
1
11-10
1
11-20
5
'
11-
1
11-30
•
Minneapolis Gas Light Co., 5//*- pfd. iquar.)
$5.10
preferred
(quar.)
11-18
(S. S.)
Co.
(quar.)
Kress
(S. H.)
&
Co..
7%
2nd
preferred
La Salle Wiiies &
Irregular
——
8
11-28
11-25
11-10
12-15
12-
12-23
12-13
Mitchell(R.I
11-20
10-31
Mohawk Carpet
11-20
11-18
Mojud
11-29
11-15
11-15
12-12
11-21
20c
12-12
11-21
11-
6
15c
12-14
50c
12-
1
11-10
(quar.)
$1.50
It
2
12-15
(quar.)__
$1.75
2-1-45
1-15
6special pfd. (quar.)
(quar.)_
Champagne Inc.—
————
11-18
12-1
11-18 ' /
12-1
11-18
/
12- 1
11-20
12- 1
11-20
12- 1/11-20 "'
12- 1
10-30
11-30
11-: 3
/■
Monsanto Chemical,
preferred
$4.50
*4
preferred
Common
Montreal
7%"
11-20
11-10
$4.50 pfd. A
—
.
——
(year-end)
Cottons,
Loan
Ltd..
(quar.U__"
common
(J. P.)
Finance
& Co,
Corp.
Co.
(year-end)
11-24
1- 1
12-15
$2.25
$2.25
$2
75c
12- 1
12-1
12-1
12- 1
V
$$1
12-15
$31'/4C
„
„
,
"
11-15
11T30
11-30
^1-30/11-18
,/
.
.
'11-15,./.
.12-11
$2
.
11-10 ''
11-10
11-10
11-10
12-15
25c
(quar,)__:
,
/
(quar/)____~
•
;
11-24
12* 5
$$1.-75 '. 12-15
&■ Mortgage
11-24
s
15c
(s-&)_;
(s-a)—
B
(s-a)
11-15
11-15
62%c
—,—
preferred/ Imwr.i.;
Montreal
Motor
C
12- 5
••
quarterly)
(initial
12- 9
Judson,
—
—
preferred
Morgan
5c"'
Mock,
(formerly
common
Year-end
5%
50c
____a
12- 1
12-15 '
20c
Mills Inc.___—_
Hosiery
12-1/11-15,";
$$1
Ltd.-..—-
Co.,
Voehringer),
11-18
11-25
11-30
25c
—
/'•
10-31
11-29
1
$1.50
;
Kroger Grocery & Bakinfe, common
1st .preferred
2
5c
.
6%
1-
12-
15c
Extra
$1,25 /*12- 1
$1.27%
32-1
5%%--preferred (quar.)$1.37%
6% preferred (quar.)
,$1.50
Minneapolis-Honeywell Regulator Co;G-« ■■/'/.
/
4% 'preferred B (qUar.)_
^
SI1
4 % % preferred C
(quar.)_x_——•___
$1.06
4',b
preferred D (quar.)
$1
Mission Corporation
$1
Missouri Public. Service Col'p,i.___i
;
25c
Missouri Utilities Co., common
25c
5%
preferred (quar.)
$1.25
IOC
-
'•
11-15'/
12- 2
.
12-15
1-
preferred '(s-ai -___—■ 4c "• 12-15
Miller & Hart, Iqc.. ,$l prior Dreferred____iA
..',25c v 12rl2
3%
8c
—
Koehring Company (year-end)
12-15
;
•
$1.50
common-——
12-31
'
'•)
■■
25c
(quar.)
;
-
_
2-1'
$1.50
—
preferred
12- 4
11-24
11-15
11-15
12-15
11-15
-
-
20c
(auar/)_—
(quar.)
(s-alax-i
Petroleum
$1.50
(quar.)
12-31
^
-
—
(year-end)
Knudsen
preferred
Emil)
$$2.50
$63c
class A (quar.)
Telephone CO., 5% pfd.
f
^
•
12-20
12-15
30c
$62V"C
50c
.
:
—
'
15c
87 %C
11-30
(D.
(quar.)
preferred
8c
12-10
12-
11-15
40c
$1.05% "
$1.50
class A
Corp;, 62/ preferred——King-Seeley Corp. V_LU_
——
Kinney (G. R.), $5 prior, preferred (accum.)
Kinney Manufacturing Co.—
Knickerbocker
12-15
i-2
12-20
30c
Kimberly-Clark
11-10
12-15
2
$1.25"- f12- 1 1
$1.12%
—
(quar.)-/
Kentucky Utilities Co., 7% junior pfd. (quar.)
$6 non-cum.
12-15
15c
12- 8
$1.371/2
12-1
$1.50
12- 1
62%cG. > l- 2
3c
11-30
___•
common__
/
.
.
1-
xl%;%4 ;*
'/A
& co,^x>____v_h—^
$6 partic. pfd.
12-12
3 2-15
"Gorham
Kendall Co.,
Klein
,
x—
(ouar.L
(Julius)
11-20
50c
(quar.)
preferred
Kayser
11-10
$1.25
2
1- 2
,
37 %c
—
$135c /
/'
;
-Metropolitan Edison, $5 preierrecl_-__—$1.25
1- 2
$6 preferred
- •••• $1.50' ''
1- 2
/.
$6 prior preferred
$1.50 >
1- 2 '
12- 1
$7 preferred
$1.75
1-' 2 vr / v-i- / •
12- 1,
/;/ '$7 prior prefejrrcd_aii'_V_-issi^2riaicjts.*-/"$^75A//"/l>1«: 2
/
11-10
•Michigan Consolidated Gas Co.—
■'>■•■
•.//.m.'•.
11-17
•4'%%' preferred Iquar.)$1,18%
12- 1 : 11-21 >:
11-30
; Michigan Public Service common (quar,)___
25c
12- 1
11-15
*
11-30
6%
preferred (quar.)
^ $1.50
1-2-45
12-15
11-30 /
6 r!o pfd. series of 1940 (quar.)
■
$1.50
1-2-45
12-15
11-30
:
$6i junior preferred, (quar.)/
$1/50 1-2-45
12-15
•
;11-30. /
,7%' preferred
(quar.)_____x'
$1.75
1-2-45
12-15
H-25-':
Mid-Continental'Petroleum (year end)$1;
12-1
11- 1
12- 6
i
Mid-West Abrasive
•/; ' • 3c
12- 1
11-22- "A
12- J5
Midwest Oil Co., common (S-a);-s_A^-__*-_— /
37%c*
12-15
11-15
1-18
Extra
;
'7%C
12-15 /• 11-15 '
—-——
:
common-:
4
11-15
11-15
11-30
___r
12- 1/11-1
1-2-45 ■* 11- 1
1-15 r 1- 2
•
.
Parchment Co." (quar.)'
preferred
11-30
—
Co'W.——_.
Extra
5%
Drug Co.,
$4.50
11-27
L
1-
%.
25c
—
Goodyear Tire & Rubber Co. of Canada—
Common
,
(quar.)
(quar.)_
11-15
1
1
20c
•
12-1
1?- 1
-lltl3
1-2
20c
(quar,)—
Vegetable
5c
25c
37%c
(quar,)——
Goodyear Tire & Rubber, common
•/.
;
.
-
.
-.12-20
xl%%
12- 1
12-1
.
12-15
17c
_/;.
(quar;)_'_G_vU_I-,/,_-i_-_s._!•"
preferred
25c
■
:
iquxtr.)—
Goodall-Sanford, Inc.
$5
75c
$1.25
50c!
—
(special)—
Corp.
/ ;
/
,'
.
12-.1.
x$1.75
pfd. (quar.)___
(quar.»—
12-
12-
12-15
$1.80
xl3i
Keystone Steel & Wire—
(quar.)———-——-————
A.), preferred (s-a>
,
12-11
12-11
12- L
:
,/:
11-35
12-1
12-15
$3r
_—
common
Manufacturing
Katz
-
-
25c
(s-a)_——30c
Corp..,. common
preferred
v':
,
Inc.,
,
Kalamazoo
„
,
04%
Joy
10-26
.
' i*
:
10-26
12-
.
Co.
Extra
11-15
12-
Cprp.
preferred class B
1
$2
be
Tea
'
20c
will
.
11-29
;'12-15
$1.95
/
(quar,)—/—
B
11-15
—i
■
-
11-16
8
30c
5% preference
1
General Finance Corp.—•
V '
5% preferred eiass A, (s-a)—
$5
7% ' preference
.
1
feature
;
11-16
1
12-
25c
;
:
(quar,)—
preferred A
7%
1
pntional
1
12-
12-
$2.10
(accum.)x,———
preferred
12-
page 1735
General Motors
/
5
11-15
/"
12-15
12- 1
11-15
•
Metal & Thermit, common___i___
•
35c
12-11
12- 1
•
7% preferred
(quar.)
/
$1.75
12-11 / 12- 1
Metal Textile Corp., common-(year-end)'/ 20c " 12-1'
11-20 / /
$3.25 participating preferred (quar.):
• 81%c «
12- 1" 11-20
Participating
20c
12-1
11-20
/
-Meteor Motor Car.
(quar.)__i____a_/—____
25c
12-11
11-20"' Extra
- -25c/
12-11
11-20
v
11-15
$1
V,:
/Island Mountain Mines Ltd. (interim)——
Jamaica Public Service Ltd., com. (quar.) —
11-25
12-
.
6% .preferred, (accum.)
Iron Fireman Mfg. (quar.)—
11-20
12-1
.
6'r
9
12-12
12-
"
Merritt-Chapman & Scott Corp.—
6%% preferred (accum.)$1.62%
11-30
$1
(quar.)—^v_—/
12-
Film Corp., com. cl. A—
of
6%%
11-20
1
12-15
(Oct. 23rd issue).
.
(s-a)____—30c
Year-end
;
20c
General Cigar Co., >7%, preferred (quar.)—
$1.75
on
Bronze
6
preferred
$4
preferred class B
/ Merchants
11-15
1-
12-1
75P
Southern Utilities Co.. 7% pfd. (accum.)
12-
class B——
details
Full
.
General
12-
50c
,
(year-end)
25c
»
—
ii-
1
$12-30
40c
$50c
—
(quar.iL—50c
(quar.)
(year-end)
12-
$1.75
:'/
,—
(s-a)—_
(initial'—
Corp.
p (quar.)
5% preference D (quar.)
Jantzen Knitting Mills, 5%
iquar.)
Corp. (quar.)
General Aniline &
Common
11-15
45c
$1,12%
50c
pfd., ci. A (quar.),.
$1.75
—-g,! 87v<>c
common
4Vo"Vf preferred
General
11-15
1
-25c
Works-—/
Sulphur Co.
Fruehauf
7%
(quar.)
Bridge
PUt
1
12-
(quar.U—.—___^
preferred
Florence Stove Co.
Freeport
12-
15c
(quar.)—___—
,—-——/—/..J—-_—_///
/
Ltd.
Co.,
(quar.)
Natural Gas
25c
Extra
Canada
of
Co.
Utilities
International
(s-a)___vv_—V——50c
Fiti Simops & Connell Dredge & Dock Co.— ;
Quarterly- v__—
FlUttkote Co., common (year-end)
$6
-
Robbing,
Corporation,
5%%
/, 10-31
$ I"
1
B
Fishman
11-10
1
&
Common
Mead
■
—
; Extra
/Class
1
12-15
12-1
_v—25c
Security Corp. of Ogden
Extra
.
.,'./
10-27
11-15
11-25
./
11-30
50c
$$l.ll
McKesson
■
11-15
50C
International
Class
•.
'/ /
$7
,
:
pfd. (quar.)_____
> 43%c
Mclntyre Porcupine Mines (quar.)$55%p.
11-6
30c
shares
11-30
First
,
' 25c
(accum.)___^_r;___________
McClatchy Newspaper. 7%
xMeadville
11-13
■
12-
1
11-30
12-
$1.50
12-1
'/
—_
preferred
Extra •.___,
12-15
1
12-12
50c
9
—
-
;
2 / 12-15
12- 9
11-23
;////
Co.—
s
1-
'
350:
Co
May McEwen Kaiser
;
11-20
1
1-
$25c
ii-22
12-
Works
1
12-
$1.50
—
12-15
Screv/
Electric
Extra
Ohio t
25c
Federal
9-22
11-16
!
r
"56" /Petroleum. Corp.^^^__iu-.."3c
Firestone Tire & Rubber. 4V2%
preferred—
$1.12%
■
:
Aviation
8
/ International
11-30
9
1- 2
50c ;/
10-31*
$1
Educational Publishing Co.—
$3.50 preferred (accum.)
——
International Harvester Co. 7% pfd. (quar.)
12-
Co.
50c
11-20
-
——'
Co. Ltd. (initial)——
Inland Steel (year end)
Institutional Securities, Ltd.—
11-15*
1
Insurance
____i
Master
30c
(John)
Inglis
11-15
11-30
Federal
Glass
11-25
11-15
11-28
12-19
11-10
11-10
12-10
12- 1 ' 11-15
//////
75c
Extra '
7%
(accum.)
preferred
Properties
Inecrsoll-Rand
12-16
25c
Plate
Semi-annual
11-25
:
12- 4
12- 1/
25c /
11-14
$25c •/ 12-
Ltd.
1st
conv.
Industrial
3-17
12-30
Oil,
Industrial Brownhoist Corp.—
12-18
i-2-45
%2%%
$1.12Vss
(quar.)
12-30
3%
(s-a)
Indianapolis Public Welfare Loan Assn.—
Quarterly _____L____-L——r—
3-17
5%
Massachusetts
11-15
^
(quar.)
25c
Zinc, Co
.Imperial
11-30
::
(quar.)—_
preferred
'
-
•
11-17
12-30
4%%
,•
„
1>
12- 8
12- 9
12- D
11-30
40c.
12- 9
26%c. 1-2-45
•.
25c • 12- 1/;/ 25c.
12- 1
25c
•
(quar.)_:
$10c
Ordinary shares linterim*
ii-30
4-2-45
Extra
2
2
11-30
$1.25
30c
deposit receipts (ordinary) (interim)
Corp.,
12-
Marine: Communications
May Department Stores
/ //
,
4
4-1-45
Co..
12-15
40c/1-2-45
/: ;
____
(quar.)
'
Common
-
Shirt
10-31
10-31
11-15
12-15 /
..
-
^
12-20
12-15
11-25
,
.
•
1111-
.
Garden___:
Internat'l
Amer.
10-26
40c
__
;
Masonite
;
20-25
$1.50
Extra
Marconi
-
Imperial Chemical Industries, Ltd.—■
11-
12-21
/'15c;'
v
1
12-
(s-a),_i^__^—3c
Fansteel Metallurgical Corp., $5 pfd. (quar.) /;,
$1.25
Farmers & Traders Life Insurance
/.'//'
'///,.
(Syracuse, N. Y.) (quar.)__
$2.50
Quarterly ;
$2.50
Federal Bake Shops, common (quar.)
25c
1
12-
1
(interimi
$5
12-
•
25c
$5c
.://, %c ;
preferred (quar,
Maguire Industries (year-end)___—
Mallory (P. R.i, common (year-end)
4%%. preferred (quar,):
$1.75
—
8
12-
12-
$7%c
15c
;
1.
'
11-20
11-17
11-15
11-10
11-20
12- 2
25c
Mines
Gold
(R. H.) & Co., common,
Magazine Repeating Razor, common
v
12-
V
12-22
(s-a)__.._
Macy
/
/
68%c
(quar.)____
common
Square
15c
,
11-30
12-
50c
—
.
12-15
$1.25
*
65c
50c
Power,
/ Madison
12-11
$lc
(quar.)-
Illinois Municipal Water Co., 6 % pid. (quar.)
Illinois Power Co., 5%
preferred
/,.:, 5'!o preferred (accum.)._i_-l
v
Imperial Tobacco Co. of Canada Ltd.— ;,i
preferred
•_
12-
tquar.)_xV___-____—
11-15
RR.
Extra
$1.75
12-1
Nashville
12- 1
Lunkenheimer
$1.50
12-15
Idaho
&
Mackintosh-Hemphill Co.
'
50c-
.11-14
Sales Co. (quar.)_
Co.,: 6%.% preferred (quar,)_/. $1.62,%//1-2-45 /
Lynchburg & Abington Telephone (s-a)__«_
$3
1-2-45
M J & M M Consolidated (s-a)
,r
%c- ,12-15
:
11-24
$1.31%
(quar.)—
75b
.
12-15
$1.50
Huttig Sash ,& Door. 7%, preferred
12-14
11-14
.
11-30
25c
(qiiar.)__„
(year-end)_____
(year end)_____
Co.
11-10 /
(quar.)
12-14
1-2-45
11-30
.
$1.50/■ 12-1
50c
11-30
_$2
12-12
4c
12- 1
$1.50
12-15
1st preferred
Louisville Provision, 8%
Ludlow Manufacturing &
11-15
.
6%
1
(quar.)—,
Huntington Water, 6%. preferred
^
IV
/Louisville
r
8
11-15
1
& Taylor,
Los Angeles Investment
12-
,
12-14
(accum.)———
1.
Lord
_________
21 %c
■■
pfd.
13- 1 'f ll- 4.
1-2-4$ r 12-15
10c
.
90c
___x
6%
___—
.
Participating
-
11-3
12-
20c
Refining Co._
Hummell-Ross Fibre Corp.,
12-11
12-11
$1.25
/
(interim:
(quar.)_
11-10
1
11- 4
Extra
.
preferred
Hudson
12-
,
11-20
,;
11-15
12-
•
Extra '■ __—v—-i—Jju—75c
'
45c
(year-end)
(quar.)
;
Houston Lighting & Power Co.
iquar.i—
C Howard Stores, common (quar.)
5 % %
preferred (quar.)
.
i-2-45
Falconbridge Nickel Mines Ltd. (interim)—
Falstaff Brewing, common (quar.)
■
1
12-30
,
8 Tic /. 12-..
1-2-45
(quar.)
Co.
&
12-
11-29
40c
Common
8
50c
Liquid Carbonic Corp, common (quar.)
25c
4%% preferred (quar.;)_________________
$1.12%
Little Long Lac Gold Mines Ltd. (interim$6c
11-15
Tk
prior preferred (quar.)
Horn & Hardart Baking Co. (N. Y.)—
B__
.12-20
,:
,
11-15
1
(quar.i__
$1.50
(quar.)
Fairbanks 'Morse
1
12-
$1.06%
—
$1.37%
(quar.)———;—_——-—
Corporation
Sugar
12-
37 %c
iquar.)___
common
——
Co,, common—_—
of beneficial interest———
Certificates
30c
———
(quar.)
Corporation,
Sguity
(A, C.)
8
12V
11-15
_____
(quar.)
Co., 6% partic, pfd.
12-15
12-28
(quar.)-
A
preferred
11-
12-18
1
Hussman-Ligonier Co., 5% % conv. pfd. (quar.)
Hutehinson Sugar Co^ (year-end)__.
(quar;)——
preferred
$5.50
2
11-24
1
12-
75c
11-21
9
1-
15c
2c
Elgin National Watch Co. (year-end)——
$1.25
El Paso Natural Gas, common (quar.)
60c
7 r/c
preferred (quar.—________
$1.75
Ely & Walker Dry Goods (quar.)——25c.
Empire District Electric; common (initial)28c
Engineers Public Service, $5 pfd. (quar.) — /
$1.25
Brewing Co
12-
(quar.)_____——
class
Co.,
class
Heel—10c
■
50c
common———
Electrochemical,
$4.25
11-21
12-
25c
/
Becker
&
Co.
Mfg.
Hooker
11-10
Utilities—'
Household
Ekhardt
11-
Lumber,
Hobart
.
11-25
(quar.)—_—75c
Eddy Paper Corp. (year-end)——.—$3
Electric Boat Co. ——_—-_—-///
25c
12-20
$25c
of Canada (quar.)
Paper Co.
■/"/: 25c
—
Manufacturing
/
,
Hines
&
.
15C
.
——
and
common
Sole
.....
II-24
15c
& Co, (monthly)__
1
on
Cord
.
12-15
/•:;v: 25c'
.
Hibbard Spencer Bartlett
,
■
11-25
11-24
$1.25
6
■
11-20
$50c
—L—
(quar.)
(quar.)__—
Co.
preferred
,
$1
25c i-
:
12-12
11-20
12-27
12- 5/
.
.12- 1
11-15 v//
12- 5
24-45 ;,/1-15
•
12- 5
11.-30
11-15,.
11-15*
Little Miami RR., .special stock (quar.)
50c
12-9 / 11-25
;•
11- 6/
$3.30 original stock
:
$1.10 ,;.12- 9
11-23
11-10 /
Loblaw Groceterias
Ltd.," class A (quar.)___
- $25Cr
12- 1'; ll-'7
/
12-15*
Class B (quar.)
.$25c
12-1
11- 7
11-15
,/
Extra on class A and B
___/. ,$12%c ...12- 1
11- 7
Lock Joint Pipe, common
(monthly).
$1
11-30 1 11-20
■
•v
11-17
Common (monthly)
,$1/12-22 ' 12-12
11-17
8%
preferred (quar.)
$2
,•
1-2/12-23
11-14
/Long-Bell Lumber (Mo.)
10c
.12- 1
11-4
12-12
/ Long-Bell Lumber Co. (Md.)—
'• /;;• ///■- /•'•/;'///"•
/
1-16
$4 preferred class A (accum.)
10c
12-1
11-11
11-30
Longhorn Portland Cement—
//,..
^';/■■'/' //"/ ■,
11-15
6% preferred (quar.)
$1.25
12- 1
11-20
12-15
50c
•'
;/j Helena Rubinstein. See "Rubinstein."
Heyden Chemical Corp./ common
(quar.)_____—/
—A.———' /
$1
clear all arrears—/.
,3 Hawaiian Pineapple Co., Ltd.___———_
Hayes: Industries, Inc._____xi_/:x'-/^li//:i.~:_
_______
/
/
.12-20
12-12
Light & Chemical
15c
Unk-Belt Co:/common (quar.)50c
6%% preferred (quar.)$1.62%
Lionel Corp.
(quaL)/ 20c
;
11-15
1
12'
1-30-45
'./''
■/ Lindsay
11-10 /
"'12-' 1'
$1.12%
_
Extra
Lima
'
$1.50
4%%" pfd.
11-15
12-! 1
25c
(quar.jT//
Cov
(quar.)_
preferred
*
.
$1.06%
(quar,)_L„_:v_
pfd.
■
12-30
12-27
10c
;'/62%c
(quar.).________x-___-_-__
11- 3
11-15
12-5
11-14
11-29
11-30"/,.11-18
12- 1
11- 1
$1
.
-.
11-15
11- .3
,
:
11-11
12-
(s-a)
______
11-15
12-
•
_
_
f
11-15
12-
•_
; ."
'
.11-30/ 11- 4
1-2-45 V 12-14,
Le Tourncau (R. G.)„ Inc., common (quar.)
25c
12- 1
11- 9
$4.50 conv. preferred (quar.)__i_______/_
$1.12V2
12- 1
11- 9
Levy Brothers Co., Ltd. (interim)
$40c •.
12-20 / 12- 9 ,/
Lexington Water; 7% preferred (quar.) ,$1.75 ; 12- 1
11-10
Life Savers Corp. (year end,
$1.10
12-1
11- 1
Liggett & Myers Tobacco, common (quar.)__
75c
12- 1
11-10
Class B (quar.).
7.5c
12- U / 11-10
ii-15
87 %c
(quar.)
preferred
$2.50
/t
(H. D.)
Co. (quar.)
' '
25c
Lehigh Coal & Navigation (year end)______
50c<
Lehigh Portland Cement, ,4% pfd. (quar., $1
11-15
25c
12-1
,
1
12-1
(quar.)
(Richmond.
common..__>
Lee
,1
11-10
12-
50c:
*10C
Co.,
t^
i_
$20c
Va,)-—;./. / .Y.z>
$3
Candy; Shops
participating preferred
Lcath .&
:
"
(quar.)______
common
6%
*
"50c
Co.,
preferred
6%
1-15
2-
1
10c
(James)
\ Harbison-Walker Refractories
1
12-
12-15
12-
$1.50
(quar.)
Secord
25c
25c
(quar.)i__.______u—i.—
(year-end)
12-1
12-11
12-15
12-. 1
12-15
,:
$1.75
(quar.)___
Lawyers Title: Insurance
.
11-10?
12-* 1
$22 %c
(quar.)_
Calif, class A
.
Co.
$$1.75
20c
(resumed) J__
(quar.)______ /
preferred
.
Monotype Machine
"
50c
(quar.)_
Laura
11-17
Extra
$20c
2-1
1-2
Quarterly
$20c: ■ ■, 5- 1// 3-31,
Quarterly
; $20c
8- 1
6-30
Dominion-Scottish Investments—
//■
///
11- 1
12- 1
5%, preferred
(accum,)—
:.
/
$50c
11-24
12-20
Dominion Stores Ltd. (increased quarterly)_
,,$150
11- 6
11-20
Douglas Aircraft (year-end.)
$5.
11-20
12- 1
Dow Drug Co; (resumed)
15c
11-15
11-25
Dwight Manufacturing Co,———
——
50c
11-25
12-11
Eagle Picher Lead, common (quar.)———_
15c
1- 2
6% preferred
————_
$1.50
East St. Louis Interurban Water—
//"
11-10
12- 1
preferred (quar.)
$1.50
11-10
12- iv
7% preferred (quar.)————————
$1.75
12-12/ ;12- l
Eastern: Steamship Lines, common——25c
12- 1$2 convertible preferred (quar.)
50c ■: 12-12
11-15
12- 1
Eastern Steel Products, Ltd., com. (quar.)__ '
$25c
1- 2
12-15
5%
preferred (quar.)_——/ / $25c
Electric
Lanston
11T17
(quar J
Class B
12-
,
Eaton
•
7%
Bryant Inc.
Lane-Wells
4
12-
;
.
—-——-——————
Lane
:
12- 4
,
12-11
43'Tic
:
:
11-15
12-
preferred (quar.)__—___—$$1.25
Dominion Bridge Co. Ltd. (quar.)———
$30c
Dominion Envelope & Cartons
(Western) —
''
11-15
12-27
Mines,
Hamilton Watch
,
Malting
11-20
12-23
12-27
■*/:.' 75c,
(s-a)
(quar.)
Stores
Brothers
12-
'5%
Dominion
1
11-30
$1.50
'(quar.)4-,;;gC-i--/./.,-«-"
common
A
,
preferred
Landis Machine,
25c
■
Ltd. Gquar.)„____^v____:__v_
) Hamilton Cotton Co., Ltd._____'_J__i//_li"_/:$._'
.
Ti'o
Lakey Foundry & Machine Co.
10c
:
"
50c
Diamond Match Co.,-common (quar.f J^l:-'
37% c:
6 '/o
par tic. preferred
(s-a)__———1,0/
75c
Distillers Corp.-Seagrams Ltd., com. (quar.) ' $55%c
5','c
preferred (quar.)
.
—/
t$1.25
Dobeckmun Company/,—„//
25c
Dome
Mines
(quar.)—
$30c
Dominguez Oil Fields Co. (monthly)
___
25c
Dominion & Anglo Investment Corp.—
.2-14
11-20
10-20
11-15
.
______
ii-20
$50
_x_—
common
preferred
5
5-
i2-
V
;
——
6r/c
Corp.,
2-
1
Water,
preferred
.
—-----
Dexter Company (resumed.)..,
Diamond Alkali (quar.)—
7%
Hajoca
,
11-11
12-
25c
25c
$1.25
45c
'
5 %
Hackcnsacic
j
'
12-
25c
———
Corporation
/
:
of Re c.
^lOc " "11-30
■/ 5c ' - 11-30 /'
; $20c ? %2-15
';/. : ; *;/ '.
: / - '
$1.25
12- 1 '
+30c.
12- 1
.
Milling, common,
(quar.)
1
50c
12-15
1
Corp.x_________„_U"_______
Oil
1
12-23
12-15
.
No.
Oil
Gulf.
Woods
preferred
12-
'
15C
Group,:No. 2 Oil Corp.i
••
;
,—:
Group
11-15
12-
(quar.)
$1.75
the
of
7%
1
I-2-45
50c
(quar.)____i._v____:___/.____'
preferred
I'/p
11-13
1,
(quar.)
$1-37%
12- 1
Detroit Gasket & Mfg., 6% pfd. (quar.)— ■ ■
30c
2-15-45
Detroit-Michigan Stove Co., 5% pfd. (quar.)
50c
5-15-45
5% preferred :(quaL)-_____;~_-a-——• 'v ■ 50c
8-15-45
5 rc
preferred (quai.)—
' £?c
Class
;
•
3-
50c
Grocery Store Products Co
,
G
75c
$1.75
$1.25
Deyoe & Rayhoids, class A iquar.)
V
12-
34 %c
(quar.)_____
common
v
11-14
.Lake
(quar.)
Co.,
&
,
12-15
1
'
preferred
5%%
Cooper
2
*
11-20
12-23
Corp.,
preferred
Griggs
1-
12-
.
34%c
3
1
—1;———
,—
5% '/o
11-15
2
—
preferred
5%%
V
11-10
1-
1st preferred.—.,.—
Yard Co.—
./'/_/
Union Stock
;
,
Extra
Lake Shore Mines,: Ltd, (quar.)__x/_____
Lake-Superior District Power Co.—•
v*5% preferred (quar.)-_/_/_-_^___/,__C-!T_, /
12-15
•"; '/
'
Holders
When
Payable
.
-
common—"
.,
11-13
2
1-
*
York—// 'v1.' ,■': /_
_________
1
12-
{quar.)-,——-.-
Deere
1
Brewery Co,—
(quar. )
/
Per
Share
'
Name 0} Company
taclcde-Christy Clay Products,
11-20
•
12-16t
40c
$1.75;
Griesedieck Western
■11-15
11-24
$1.12%
Dentist's Supply Co. of New
2
12-
25c
Corp—
Dayton Power & Light, V/2f/c preferred (quar.)
Debenture & Securities Corp., 5'/; pfd. ts-a).
(quar.)
11-15
12-15,
$1,
Western Sugar, common
preferred (quar.),.:
//
:
'
12-15
/ -10c
Y.)___
preferred
Northern Ry.,
Great
.
'/,'.
'///■
0/ Bee.
Payable
'
lc
—L__,
Great
12-20
.1-2-45
prior preference (s-a)_
__
Manufacturing Co. (Mo.)
Publishing Co|., $4 prior pfd. (quar.)
75c
Cushman's Sons, $8 preferred (accum.)
'
$2
7f/r
preferred (quav.)___————$1-75
Darling (L. A.) Co
25c
Class A
6%
Curtis
Mines
Grandview
11-25
11-15
12-15'? ■••12**1 ■
10c
Culver & Port Clinton' RR.; (extra)-—•
•
'
Holders
When
■;'
Share
V Name of Company
•/,
v
..
Monday, November 20, 1944
.
i.G.r. / Mis),>
M
*
•
.
•
Name>of Company•
{•
Motor Wheel
Curp.____**
***.*.
12-
3
12-3
:11-20
12-11
30c
.
,
25c
12-15
Mullins
12-20
12^
____
'$7 preferred (quar.)
/
2-10
3-1-45.
$1.75
Muncie' Water'
$1.75
12-15
11-30
(quar.)_>,
B-Gosh, Inc., common
10c
12-
1
$1.75
12-1-45
11-10
1
11-20
12-15
12- T
12- 1
11-20
75C
:?
12- 1
11-15
12-T
Xlrl5
V..'
—
•
15C
12-1
<:
Pacolet Manufacturing,
Pamour
11-15
;.
Parkersburg Rig
12- 1,
11- &
•
& Reel,
11-
12-v L
U45«
25c
12-5
11-25
40c
3
11-30
11-23
12-8
11-8
Udl
.
11-29
11-14*
:
7(4
preferred
commonr__«„i
u,...
Pato, Consolidated Gold Dredging "Ltd.—
'
12-15:
12-10
11-15
'11-
12-1
t
Interim '
9-
2
12-
12-
1
12-
12-15
1
11-11
$ $1
12-15
11-30
12-15
11-30
1
11-20
Nebraska
6%
'
1
"
25c
(quar.)
Inc.
Bros,
1
11-13
11-20
y
—
12-.9
11-20
1
11-15
$1
1-15
11-25
New
12-14
11-24
$1.25
12-
1
11-10
Pettibone
$1
7 "
50c
12-
11-30
"
preferred (quar.)~w*~—1!*—***—*;.*
Shipbuilding Corp.—
v\,
• ■
$5
11-17
11-30
Light & Power Co.
& Queens Elec.
New York
1
12-15
25c
W
—
(year-end)—---—..*
RR.
Central
York
1
12-<
.
Pfeiffer
$1.50
preferred
5.10%
New
'Aviation
„
Seu'ies*—•
Series.
—-—
Industry
Series
Stock
Bank
11-
6
11-25
11-
6
77';: 6c
11-25
11-
6
27c
11-25
11-
6
11-25
11-
6"
11-25
11-
6
11-25:
11-6
.
;■
Chemical
Insurance
Series
Machinery Industry
11-
6
11-
6
11-25
11-
11-
11-25
11-
6
11-25
11-
6
11-25
11-
6
Pittsburgh
12c
11-25
14c
>
common—
- ■
11-6
11-25
11-
11-25
1
11-16
12*
1
11-15
2-
1
1-1$
$2.50
12-
9
11-20
$1.25
12-16
11-16
Planters
Poor
12-
717»C
'7
75c
25c
1-
Chocolate
&
2
12-
$1
1
25c
1-5-45
12-15
35C
(year endi_
Service, 6% pfd. (quar.)
Bgncorporation
(quar.)
11-25
11-10
11-20
$1.50
12-
$1.75
12-
1
1-
2
Co., 7% pfd.. (quar.)
Norwich Pharmacal
Co.;.——,——-7
Nova Scotia Light & Power Co., Ltd.— •.
Norwulk Tire & Rubber
12-15
7
15c
f $1.50
preferred .(quard7_,-7.7—4*—V-r':7' 1V2C
Corp. - (quar.)————
::7/7/,7.'
approval of SEC) —
25c
$$1.75
V.
$25c
1
10-27
1-
2
11-24
(initial; quar.)
,12- 1
1
2
South
11-20
1-
1245
1145
12-1.
12-
1
1
1
1
',
25c
12-15
11-28
.6%
11-20
2
12-
4
1-
2
12-
4
1-2
12-
4
62 Vac
11-28
5 %
Pulp
Co.,
'
Lathe
11-15
11-30
11-15
50c
12-
11-15
50c
12*
7 /
—„___**__7*——I**—**■ ■
(stock
dividend)
100%,.
r
California
preferred
Power
Gas
2-15
7 1-19
1-15
12-20
37 Vac
12-13
(year-end).
*
,1.2-
1
41-15
12-1
11-15
1
11-15
Sport
12-4
-;25C
;11-15
1
1145
'
12-
$1.25
12-15
11-15. '
20c
12-15
12-.1
35c
1-15
Standard
12-15
12-
45c
12-9
11-18
12-15
12-
40c
11-20
11-14
50c
12-12"
11-27
7
7
"^:-4■%747477-477Foreign Exchange Rales:;:'4:v;77;47
tifying daily to the Secretary of
world.
We give below a record for
4
!'I
7',7'7,;r
7'
RATES
EXCHANGE
FOREIGN
4'"
7 7:". 7
,"
the week just passed:
77'
7''4'
' /v r
:->v,7-;7''47'f
CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY.tJNDER TARIFF ACT ,OF 1930o-. , ,, ,;f
"" NOV. 10 TO NOV. ,16, 1944., INCLUSIVE
'•/;
:4..7''' 7- 7
• ■ -7' ">•
j.-*.",;'; a.-''
"
Noon
Country and Monetary
Unit,
$
"
Official.*
$..;
$
*
*
Free__.
—.
Australia, pound—*—
—
*■'•
.
'
y
X
.251247°
■
3.228000
3.228000
$1.12%
(quar.)*^.
.909090
.909090
Holiday
.901171
.572766°
.572766°
England, pound sterling
:
..060602°
3,228000
;
7
.060602°
,
,051803°
.051803°. )
.
(New Jersey)
Stoker
Standard
(s-a)
Wholesale
Works Inc.
Si
Phosphate
(irregular)—
Stecher-Traung
Stewart-Warner
Corp.
.205820
.
—
.909090
Corp.
3.980000
peso—
;
Noncontrolled
.541850°
.205820
,
.909090
.909090
Swan
.898125
.896875
.895833
6%
3.244203
3.244203
3.244203
3.980000
3.980000
.658300°
.541850"
.
...
3.244203
3.980000
;6!5&300°"
.658300°
"
..541850°
-
.658300°,
.541850*
.541850°
11-15
12-12
11-15
12-
1140
12-15
12-5
11-29*
11-10
12-
1-,-.,
11-15
12-
1
11-
6
25c
12-
1
11-
6
$1
12-
1
$1.50
12-
Li
11-10
75c
12-
1;
11-13
$1.62 V2
12-
1
"»;
;*
.
,
25c
.
(quar.)
Corp.,
*
11-15
.
12-15"
11-15
11-24
12-15
11-24
12-12
IX- 2
12-
11-
1
2
10c
(quar.)*
12-23
11-24
10c
11-29''
11-16
10c
*****
12-
11-15
1
"
37 V2c
Common
*■.
12-
1
11-15
25c
12-
1.
11-15
50c
12-
Swift
shares
1
11-15
(quar.)
$3c
1-15
11-. 6
;
$3c
1-15
25c
11-20
1
(quar. )*____**.
Sylvania Industrial Corp.
(quar.)—*
11-20
,
11-13
'■
U-25
844bc
——
International Co., Ltd.—
Deposit certificates
(quar.)
Sylvanite Gold Mines, Ltd., common
;
10c
;*
Tool & Die Co.
Oil, 4% 2nd preferred
preferred (quar.)
11-15
25c
_*■*
*
50c
••
11-30
10%
—
common—****—
Finch
Bearer
,
12-15
25c
•Nominal rate.
1
,75c
Superior
.909090
11-15
12-12
25c
;*—_———*
preferred (initial)
Sunshine Mining Co.—"
7
3.930000
3.244203
.658300°
.205820
*
12-15
•
,——,
Co
4V2 %
.898541
•
Untpn of South Africa, pound
.205820
.301215
11-15
12-30
__*_—*■
Machinery
Oil
12-15:
25C
Co., common (stock dividend)
Common
Sunray
.909090
Holiday
.898125
pound
4.035000
.301215
"
Newfoundland, dollar—
'*—
.301215
.205820
.572766°
.572766°
11-15"
$1
Stromberg-Carlson Co., common (year-end) _
6Va% preferred (quar.)—*————*
Sun Oil
11-20
$1.25
(s-a;
—_***—'**—**
Sullivan
1145
1
Acid
Stonega Coke & Coal Co*— *——
.898303
1
12-15,
50c
'
Extra
1212-
Lithograph Corp.—
(quar.)**_*__—*
Sterling Brewers Inc.—**—
Sterling Drug Inc. (quar.)
.909090
4.035600
11-15
50e
:•
.
12-. I
1245
25c
preferred
.899375
.900625
.572766°
4.035000
11,-24
12-15
50c
Co.—*—_____*_7—J___*„"*::-
Standard
.903090
;909090
.301215
.301215
rupee.
—
Controlled..*
7
.$145
5 7
40c
(quar.)___
(Indiana)
Co.
Standard Oil Co.
Studebaker
4,035000
4.035000
.
Urtiguay,
.251247°
3,228000
.060602°
,051803°
.900G25
—
Colombia, peso.
New Zealand,
.297733°
.251247°
"■'■
,
3.228000
.060602"
—
—
Official
.251249'?
,
25c
,
■
Official
(British),
.297733° V
.297733*
V;,4 .1.051803°
.060602°
—
Canada, dollar—
Mexico, peso
,
7; Nov. 16
...
•
Oil
,
145.
40c
Cap & Seal, $1.60 conv. pfd. (quar.)
Dredging Corp., $1.60 pfd. (quar.)
Oil Co. of California*!——*
Strawbridge & Clothier, 6% pr. pfd. A (quar.)
.051803°
India
,
$
'
;.
Standard
Standard
5%
Nov. 15
;•
(•
.-V.
12-
36V40
"
Brazil,cruzeiroOfficial
.1
Free
S
•
.297733°
.297733*
.251247°
;
'!
"
Nov. 14
Nov. 13
Nov. 11
Nov. 10
Argentina, peso-
.••V
Buying Rate for-Cable Transfers in New York
Value in United States Money >7-.
1
75C
Standard
of the Tariff Act of 1930, the
1.
5
25c
Standard
Federal Reserve Bank is now cer-'*
the Treasury the buying rate for cable transfers in the different countries of the
requirements of Section 522
Pursuant to the
1
2-
$1.06V4
,
4
2-
$1.25
,
preferred
$4.50
11-25
(Detroit) —
——--*—*—
Brands
11-15
1
$1.50
.7(quar.)_I7--*—I**—*,
B
1
12-
$1.12Va
_*7—**_*-***—*n***_—**
preferred
$4.25
Reduced ;
1-11
12-
$2
—
(quar.)'**
Squibb (E. R.) & Sons, common iquar.)—*
$5 preferred A (quar.)—7_**—***—_*_7*
Standard Accident Insurance
4
11,45,.,
$1.25
-
25c
'41 %C
Spencer Kellogg & Sons
—
Spiegel, Inc., $4.50 conv. preferred
12-
12-15-
75c
.
,:7*7**._—_*l**—7—7*_**iI7l—7'
Products
7 1148
,
$$1.50
$20c
Railway Co., common (irregular)
5%
preferred (quar.)
Southland Royalty Co. -.(yeaivend) —*_****_;
Southwestern' Life Insurance Co. (Dallas)—
Quarterly
12-15 ...11-20
Ltd.-—-yy:
:
7__
:
(quar.)——*77—_.**_*
(quar.)*
part, preferred
Natural
Co.,
11-30
11-3047 11-18
37VaC
(nuar.)____—
B
Canada
tiii-is
11-30
50c
$1,75
Southwestern Public Service, common (quar.)
■'
1,7 1145
12418 5 |;'12-,.4
$1.50
Spartan Mijls 7 (quari) _—„*_*_**_*—*
Sparks-Withington, 6% conv. pfd. (quar.).*
'
1
4'4744
Edison—
11-13
12-
11-15
11-25.
11-25
Works
Greyhound Lines, Inc.—r ...
quar,)—___—*_**___
(increased
11-15,
of Colorado—
preferred
30c
11-20"'
.
$1.50
*
1
50c
12-1
50c
;
1
■
11- 9
,
'
(quar.)***—*
common
(quar.)
12-
5 8 (be
114*5.
1
11-30.
,12-
7-7
12-
11- 8
11-24
11-30
$50c
C
11-25
12-15' ,11-13,
50c
*■■'■
$1.50
,
—
.'12-29
12-15,,
50c
*********
.
11-15
1
$30c 1-29-457
—
1-
6]/4C
10-26
12-
$1.25
60c
Southern
11-20
7" 25c
11-15
"
"
Bag & Paper Co. 7 Inc.—
;
(quar.),—*
preferred (quar.) _v_**7**-*—71—1*74
preferred (quar.)*—**_——**_I*__***•
Southern
12-1
11-16
12-12
12-15
Common
'
(quar.):-lk-u_-*-*^-_-7.l7Vk-i-ti.(quar.) -_I_—'
Common
12-15
(1%
6%
12-20
1
II-27
$2c.
7"$lVaC
17*-.
10-25
11-16
12-21-
•
5c
:
'
11-21
U-27,7
Advance
Southern
12-20
1-15
8
II-25
12-23;,,
Bend
Southern
1-15
12-
50c
i$2 preferred
Public-Service Co. of Indiana, Inc.—
'
25c
12-15,
'
preferred
Southern
11-15
x 475c
87
5c
Common
:
1145
12-
1
11-
$22c
(year-end)—
Corp.
IV:■. z Extra,• *.-—7*
11-15
1
12-
12-
1
15c
Aircraft
Common
11-15
12-
7
11^15
12-
1
12-11
12-11
12-
15c
'
11-15
12-
,
1 '
25C
Soundview
$$1.50
Co.
12-10
Oil : (extra)
Co.—_*—**_—*7*7***—7—7
11-20
75c
12-10
12-23
12-11
11-22
7
12-23
12-15
12-15
$1.37(4
*—
11-
10c
37 VaC
7
$1
Sonotone
12-
12-1
77, 50c
Solar
70c
11-10
$10c
:___*'
Socony-Vacuum
(quar.)—7—
11-10
12-11
Investment
(irregular)
11-15
,12-
j
12-11
O.),.' Corp—*_.:*'——i****_77.,*I7*
(A.
11-15
25c
Light, 6% preferred (accum.)'
25c
:Co.7—..77—i—.—7v77.
75c
iquar.)
certificates
5
7; $1,50
preferred (monthly)
6%
preferred (monthly)
7 %, preferred
(monthly)—
11-22
1
Mines
Oil Co.
Smith'
7
11-17*
7%
5%
12-
12-11
Steel Castings Co. (year-end)__7—*
& Broadway Bldg. Co.—.
Sixth
11-15
4;7'-7,7.
Public Service
12-45
3.2-1.
1
60c
Public Electric
11-15
12-30
12-
2
25c
II-
Gold
5
100%::,:
of Canada
I-
(quar.)— __**—*****^„* :
Simonds Saw & Steel
'
Provincial Bank
12-11
$2
(quar.),—_
International
Siscoe
12-
.
Inc., common-'—Ilk-'.
(quar.)
2nd preferred (quar.)
7„
55o
2
(quar;)„***—*_j_44—_
11-1
12-
,37 V2C
-
1st preferred
5%
11-20
.12-11
.
1
$2.50
Pressed Steel Car Co.,
.
Nu-Enamel
Ogilvie Flour Mills. 7'» pfd. (quar.)——
Common
(quar.) .77-^-—-.—•,•
1
1241
1-
25c
'
11-20
8IV2C
-
2
$1.87 Va
(quar.)—
Manufacturing Corp.****-*—***_*—;
Sherritt Gordon Miqes Ltd. (s-a)-——**—.7
Sherwin-Williams Co., 5% pfd. AAA (quar.)
Sigma Mines (Quebec), Ltd. (interim)——
12-
—
(quar.)
preferred
$3
"7X2-II
1-
I-2
Southeastern
4-*-.': !'
common
2
I-
$1.75
& Dohme Inc._***_*_—_*„__**^**_T„
Shawinigan Water & Power (quar.)
(W. A.) Pen Co. (quar.)**——*,
6%
(quar.)
America
dividend _i.—
Inc.,
12-15
$1.62 Va
(quar.)***,******^_—*
B
Inc.
B.)
12-11
—
of
Prentice-Hall
11-10
12-31
Sharp
Skellv
5Vzfc preferred (quar.)
preferred (quar.):
:—
of Canada, Ltd.—
6% 1st preferred (quar.)_—_7-i——
6% part, preferred (quar.)——-—.—-
11-15
12-1
Sheaffer
11-13
Power Corp.
11-22
$1.50
(quar.)—*—_*_?**_***—
Participating
$1.75
11-10
11-24
9
10c
(R.
Sivyer
$1.37 V2
12-
37 Vac
(quar.)**—
(quar.)
Assn.
Servel, Inc. *77*—
3
II-15
11-20-
6%
8
,12- 9
12-
11-
4- 7:-, $1
•
10-2(>
11-20
Year-end
11-10*
1
11-25
10-17
77
(quar.)-
Potomac Electric Power Co.—
1
12-8
2
1-
1
12-
$2.50
,
12-10
(quar.l******;'******7
A
preferred
Selmer
Ry.—
B
Co.
Stock
2
Nut
Co., $1.50 class A pfd.
&
Class
1-
■
12-
1
(accum.)
Youngstown & Ashtabula
preferred 1 quar.) —
7%/
Potash
$4 prior preferred (quar.)77—
Northrop Aircraft, common (irregular)
Ohio.' :Oil
11-10*
$1.25
11-15
11-20
35c
50c
preferred
D
Canadian
25c
Pittsburgh
50c
,
Ogden Corp.—
Irregular (subject to.
11-15
1
7
.
6',)'
1
\
12-9
10-31
Power Co.— 7
&
C
debenture
6'%
■■7;:'-:;. V77'. :>7'^ 7
Pittsburgh Steel Co.—
5j/2% prior preferred
,
dividend; one sh. of Pacific Gas &
7
•- Eiec.
common
for each 100 shs. held
(subjeet to the approval of the SEC) —,
534,%
preferred (quar.)
———
6 % ' preferred
(quar,)
7.—
North River Insurance Co. (quar.)
——,
Northeastern Water Co.—
11-24
8
12-1
11-15
11-28
$1.50
Ltd., 4% partic, preference******—,
Securities Acceptance Corp., com. (quar.)**
12-
$1.50
c
1145
11-11
2 7/10c
Co.,
12-
,11-20
11-20
11-15
12-11
50C
Co.*
debenture
Second
12-
11-20
11-24
$1.25
11-20
12-
& Lake Erie RR
——
Plate Glass Co. (year-end)
Pittsburgh
Pittsburgh
6
Lead
10%;
12-
$1.25
Aviation (year end) **—u—'
7-preferred
5
12-
Meter—:
$1.25
(quar.) —
Ry., common
Northwestern Public
5
r/o
Stock dividend
Stock
Northwest
12-
1-15
12-' 1
12-15
1
12-
$50c
■.*—_—**—_*___».v——7:;
Sears, Roebuck & Co., common
8
12-
2 V2
6%
Equipment
12-15
11-10
Pittsburgh Bessemer & Lake Erie RR. Co.—
14c
preferred A tquar.t —
Shipbuilding & Dry Dock—
,^_77^i.7'i.7,.i„77i,^;._».«,-,
preferred, (quar.
^7.7
North American
11-20
10c
5c
(J. J J, 5(4
North American Co.,
12-15
9
:
7 13c
17c
8%
11-20
10c
41- 6
10c
•.
.■
Sheller
Pitney-Bowes Postage Meter Co.—
Common (quar.)
6
12-21
11-15
debenture
7Va%
,
II-20
,
•
11-10
12-30
11-15 '
Francisco Remedial Loan
7%
11-20
1
42-il
.
11-25
17
Joseph Water, 6%
San
12-22
12-
2
30C
I2V2C
•
1
7: 8lMW, debenture
11-
12-11
12-
11-17
1
2
11-30
'2
12-
11-30
12-
11r
30c,
62Va0,
12-20
1
7
1
preferred 7(quar J„*————4
conv.
1
12-
11-
12-15
11-15.
1
$1.33 y3
—
preferred (s-a)
Pittsburgh Coke & Chemical Qo.
(recently
known as Pittsburgh Coke"& Iron Co.) —
$5 convertible preferred (quar.)———
News
Norfolk &, Western
::
ll-?3
12- L
40c
12-15
12-
1-15
12-14
50c
$$3.25-
1
Savannah Electric
40c
6
11-25
11-15
2
12-
v.25c
common—
(initial)
12-14
1
1-
Joseph
1
50c 7
4
4/.
deposit rets for ord. regis (interim)
Pioneer Securities Corp.
(irregular)——
11- 6
11-25"
.
12-
$1
—
■
Mills,
preferred
S4
2"
12-
St.
11-10
12-27
$1.50
,
11-. 6
Common:
7 $5
(quar.)
11-6
Equipment Industry Series—:
Steel Industry Series
*"
Tobacco Industry Series—*-—'————*—
■
preferred
11-25
Railroad
Newberry
1
12-
:
1
1-
12-
15c
St.
11-18
20c
11-25
'
Newport
r':
.*—.—,*_
Oil -Industry Series——————
7 .'Public Utility Industry Series.
Railroad Series
—.7—7*'—2———,,7i*;-:
'
11-25
11-25
9c
1
12-12
40c
Amer.
6c
———uX*_—-
11-
1
12-
12-
50c
25c
Preferred
.
Piiichin, Johnson & Co., Ltd.—
14c
,—
11-10
.
12-
■'"7":
——_
common_
Phillips Petroleum Co. (quar,)-*—
Governor
Co;7-_*i4---4^--—
12-15
1
7'/be
Ryan Aeronautical, Co. (year-endi—
Saco-Lowell Shops, common
(year-end)
11-15
8
11-25
^Oc
12c
Series.
Metals
12-
$2.50
350
(quar.)
Pierce
Pillsbury
6C
Series—————*!—*.
Series
Merchandising
.
-
4C
15c
Series**-——****-—''
Stock
7.0.
6%
■
lie
Series.^——J—
Industry Series——,
Industry
;;Food Industry
;
12C
Equipment Industry 'Series-k^-V
.Electrical Equipment
...
11-25
•7 17C,
——_—
Building Supply Industry Series—-^***-—;
Business
Co.
(Charles)
Dodge Corp
:
Philadelphia Bourse (year-end)
Philadelphia Suburban Water Co.,
11-10
lie
Series.,'
Industry
Automobile
.
.
Industry Series
Disk
&
12- 1
Pfizer
37%C
12-15
25c
.
—
11-10
$1.27 Va
Co._*
Brewing
10-25
A
Rustless
2-5-45
25c
Corp.
Mulliken
41-25
15c
11-21
,
Agricultural' Industry,
Alcohol
11-10
11-20
1
.
Phelps
(quar.)--,———-
Stocks, Inc.—
York
11-20
$1.50
shares-;k—_*—
Founders
-Participating shares' k—*
New York State Electric & Gas—
11-
,
■
New York
■
1
12-
-
—
York; Air
11-17
12-
25c
7
New
8
12-15
$1.50
Zinc Co. (year-end)
Brake Co. (quar,)-
New Jersey
11-
1
125C.
(quar.)—**—***—***
—I'
Iron & Steel Corp., com. (quar.) 7*^:
Class
3
12-
7'7
$3
7-'"- 10c
Pennsylvania
11-29
*
12- 9
1-9-45
V7s $ic
Pennroad Corp.'
12-1
11-
12-15.
25c
Royalite Oil Co., Ltd, (s-a)
•
Rubinstein (Helena), - common—i——*^****
,7 /
.
(accum.)__
25c
>^-^7
4: :4 50c
Coal & Coke
$1.10
Pennsylvania Electric,,4.40% pfd. B (quar.)
$1.50
Pennsylvania Railroad (year-end 1——
$1.75
Pennsylvania State Water, $7 pfd. (quar.)_
25c
Peoples Drug Stores, Inc. (irregular)
$1
Peoples Gas Light & Coke Co -.(quar.)—_
"74
$1
Peoples Telephone, 4V2'/» preferred-——
$1.50
Peoples Water & Gas, $6 preferred iquar.)_
$1.75
Perkins Machine & Gear, 7% pfd.' tquar.),
15c
Permutit Company
>7 7
50c
Peter Paul, Inc. ,(quar.)^_*—*_^—
'
—
12-
14-45
7 Peninsular Telephone,' common (quar.)—^ 7 7 50C
-47,v 35c 2-15-45
si.40 class a iquar.)——
—-
11-27
$1.75
(quar.)*^*!*****
preferred
Neisner
12-
415c
'
(quar.)_^>*___^^—___k
Interim
'—
Peabody Coal Co.,, 6'/« preferred
Peck, Stow & Wilcox (year-end)
12-
12-
2
$$1.75
r
——-—
preferred
7
■s
•12-15
1-2
I'#
Paymaster Consolidated Mines, Ltd.—
11-18
k
50C
•11-20
12-
11-15
11-29
.
'
Patterson-Sargent Co.
<
1
-1-
■
S
11-20'
"12-11
'
(year-end)
--i-i;-Power, 7%'- preferred (quar. )_"*___
1
1
12-30
.7, 25c
Reynolds Spring Co.—
■—**—****_*
4 25C
12-15
Rheem. Manufacturing Co., (quar.)*—**
12-13
60c
Richfield Oil Corp.: (year-end) *****_***•;.—t ;
$1,50 ' 12- 17
Rochester Gas & Electric 6% pfd, D (quar.)„>
.712- 1 '
$1.25
5% preferred series E (quar. (7**—171**17
12- 1
$$1.50
Rollana Paper Co., Ltd., 6% pfd, (quar.) I*
12-20
20c
Roos Brothers, Inc., common (reduced quar.)
12- 1
37 VaC
Roxy Theatre, $1.50 preferred (quar.).**—*
12- 1
$15c
Royal Bank of Canada (Initial quar.)*—
.11-20
1
12-
8
'
Manufacturing. (quar.)__^—
Paton
i-
9
25c
Natomas Co.
12-
11-15
12-20
25c
7
11-15
12-
$1.50
(quar.V—
& -Brothers, common (irregular)*—
Extra '■•_^—7^.*_*^*c—*.;—**—*^_*..„*_*^
'
11-
8
25c
:7'
National Terminals, Corp,-——————*—:
1
12-
.,35c
,
,
11-29
1
65C
Reymer
•
12-30
12-
—:
11-29
12-
;• $1.12 Vb
*_■*
Republic-Insurance Co-* of Texas
11-25
■
4
Co.
$4.50 preferred. (quar.-h-__*—
■
;
11-2G
12-29
37 %c
■
42u;. 7
(s-a)
Parker-.Wolverine
12-29
'12-29
40c
'
1142a
12-
50c
——
1245
$1.75
'—
1'
•"12-
25c
:
$1.75
Co.
.'
-4,45c
common_„__—
(quar.)
$26
prior preferred—*****
(resumed)—
1—r——_
U-25
(quar.)
common
PorcitpinevMines, X>t-cL- (interim)
Parker-Rust Proof,
11-10
11-8
12- .1
25C
7 National Refining,: $6
75c
•
11-22
National'Bearing Metals, common' (quar.!--*.
$1.75
National Biscuit Co., '7% preferred (quar;)-1"
$1!75'
\ National Casket, $7- preferred (quar.)——
National Container Corp. (initial quarterly)-' 7-»:. 15C
20c
National Cylinder Gas, common (quar.)—„
$1.07
AVa'.'o- preferred (initial quar.) —.**".!•.■
V-', 30C
National Dairy Products "(quar.)—————
National Grocers, Ltd.", $1750 pref. (quar:)-: t37»/ac
National Gypspm Co., $4.50 preferred (quar.) :: $1.12 Vs> '
$1.75
National Lead Co.,
preferred cl. A (quar.)
—
1
11-21,
$1.25
•
$1.37Va
$5.50 preferred
(quar.)-,
-4' Paramount. Pictures (quar.)—• .7 ', '50c
12-1
25c
Service
8
:
i
.
8
11-
(year-endi_-
at Mfg.
12-21
'
convertible .preferred (quaf. J—
'■*"7 50c
Acme Co. (quar.).^——wi._—v_''
11-
1
I-
'
Parker Pen Co.
National Automotive Fibres, Inc.—
1-1
(quar.)
preferred
Outboard Marine
f; Oxford Paper, $5 preferred (accum.r—
<
Paauhau Sugar Plantation (year-end)
i"2- i:
.!
$1
12-20
$$1.25
12-28
12-15
i' National
National Linen
5#
•
$1.50
preferred (quar.) —
Nachman, Corporation *L****.*'*%.'• '7, 25C :
N&haimo-Duncan Utilities Lta:—* 77;77
'% 6 % %v preferred' (quar.rk~;——I" $81lAc '
7 Nashville. Chattanooga & St. Louis Ry.—
12-20
•
'
(quar.)_
$2
$1.25
,
Quaker Oats Co^ 6% preferred (quar*)
Quaker State Oil Refining, common*—*****
Quebec Power Co. (quar.jt—
***—
Rapid Electrotype (quar.)—-—77**4—,
Rayonier, Inc., $2 preferred (quar.)——*—*
Raytheon." Mfg., 6% non-cum. pfd. (quar.)*
Reading Co.,, 4% 1st preferred (qtiar.)***^*
Regent Knitting Mills, $1.66 preferred (quar.) •
Reliance Grain Co. Ltd., 6l/sf% pfd. (accum.)
Remington Rand, Inc., common**i*:.——j.-*
11-21
35C
$1.50
4' $15c
(year-end)— 1preferred (quar.)——
Elevator Co./ common
6''0
7
'50c
$1.50
6%
—
Otis
7 Ottawa Light Heat & Power, com.
(quar,):*--*-.- '
'% v"';;
preferred
$2
■
preferred, (quar.)
8%
11-15
11-15.
11-15
—
Year-end
11-20-
12-
Mutual Chemical Co. o£ America-—
National Tea
I-15
11-20
1
37 Vac
Works,
•
(quar,)
*—*'***—_**—*•'
7% preferred (quar.)*****—«*—_***—
Purity Bakeries Corp
l-lo
2-15
12-
10c
+
12-15
12-15
-
,S5 preferred
8-11
(quar.)J_^_„
50c
$1.75
■
Public Service Electric & Gas Co.—
1
9-1-45
$1.50 preferred
1145
12-15
$1.25
preferred (monUily)*.*—
preferred (quar.)—
8% preferred (quar.)
11-15
11-
245
$2oc
$$1.75
;
(quar.)—,*
1
1
of Rec.
•
'
-7'. ' $3
(quar.)
common
12-
12-
c
$1.50
(quar,).
(s-a)_„__„„-
Ry.
$1.75
Muskogee Co., 6%
6%
7%
5-12
Murphy «(G. C.) Co.. (quar.)—.
Muskegon Motor Specialties—
;
5
.$2 class A. (quar.),———
;**.;_,.**__
A
6%
6-1-45
**L
iquar.)—
preferred,
Year-end
Quebec
preferred
.
9
11-30
(quarj—**_*_*_**_'_
$7
•'»
7'4
..
Oshkosh
12-
(quar.)—.—,*__*_**_7*7_*4-_
preferred
$7 preferred,
v
preferred
Co., 6'7>
Ontario Steel Products,
11-10
1
12-20
12-15
of New Jersey—
(quar.)
$5 preferred
Gas &
Ontario &
1
5
$1.75
$7
*■
12-
$1.75
„
(quar.) _*_*___**__********-;:
$7 preferred
:
Okonite
11-15
50c
3
12-
$1.75
prior
Oklahoma
Mountain Producers Corp.
11-
43 %C
preference (quar.)—
—
Electric, 7% pfd. (qnar,)_
Oklahoma Natural Gas, 7r,'o pfd. (quar.)
11-15
Public Service Corp.
1
Holders
'
Payable
Share
Name of Company
of Jtec.
12-15
12-
40c
When
Per
BOiacra
Payable
[
$1.12 >4
Power
$1.75
11-15
lc
(s-a)-*~7—:—"
Manufacturing class B fspecial)
Share
;
Co., 4Wo pfd. (quar.)
Ohio Seamless Tube, common—
Ohio
11-17
ic
„**,
*_** *—
*
12-11
When
Per
Name of Company
of Reo.
Developing Co.-—
**_****_*_*_**-*_*-.
***___*_*__J* "
Mountain Fuel Supply '(irregular)-,———
Extra
'■
Payable-
■
.,30c
**__*-_*******,,-.
Mount Diablo Oil Mining &
Quarterly
Share
y
Holders
When
Par
'
,
1220
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4335
Volume 160
*
11-
6
11-10
11-10
,
per
■■
(irregular)
50e
Works, 7% pfd. (quar.)
(quar.)__„———
$1.75
50c
Haute
Terre
50c
25c
25c
12-15
12-1
12-1
$2.50
$1.75
12-22
12-1
12-27
12- 1
12- l
Water
Company
Extra
—
Pacific
Texas
—
—
Coal
Oil
&
(s-a)
Extra
Texas
Pacific
&
Oil
Texon
$5 pfd.
Co.,
Year-end
II
Extra
'
Tivoli
Brewing Co
Gold Mines
(s-a)
& Bennington RR.
—+.—_
(s-a)
Greenbush RR. Association
Troy &
—,
Twentieth
(quar.)_
20c
$1.37Vi
$1.75
50c
Extra
—•
25c
Coal, common—
5\k% preferred (quar.)
Truax-Traer
_________
,—
Rayon Corp., 7% preferred
Century-Fox Film, com.
Tubize
prior preferred
$4.50
(quar.)
Elliott Fisher
Tank
Union
4%%
Inc.,
pfd.
(quar.)
25c
5%
(quar.)—
preferred
United Bond
Coal
Electric
United
35c
10c
—
25c
11-25
12-
(accum.)—
12-
53c
6%
.
(quar.)
Common
50c
—
(quar.i
—
United Stockyards Corn, (year-end)
—
United Wallpaper, 6 % prior preferred (quar.)
U. S. Casualty Co., 45c conv. pfd.
(s-a) — —
U. S. Graphite Co.
(year-end)
——United N. J. RR. & Canal
I'M
U.
(quar.)
Gypsum Co., common
U. S.
(quar.)—.—
preferred
50c
$1-75
________
—
«5c
(year-ind)
Common
United States Leather Co.—
non-cum.
%
flon-cum.
4'M
non-cum;
4%
non-cum.
I'M
prior preferred
4
U. S. Printing
5%
preferred A
eonv,
Steel
Corp.,
preferred
I'M
$!
"
50c
$2
$1
common
(quar.)_
(quar.)
—
preferred (quar.)—————_—-—
preferred (quar.)
6.4% preferred A (quar.)
—
6.4% preferred A (quar.)——
6.4% preferred A (quar.)
$5
11-
Insurance
Universal
(year-end)
Oil Co.
Universal Consolidated
(quar.i_____
Co.
—
preferred (quar.)
(year-end)
Universal Laboratories, $2.50
Match
Universal
Products,
Radio
Utah
Utica
,
5%
common—,—,
common—___-.i_-.___
Knitting Co.,
(quaf.)
preferred
prior
$1
Raalte Co.,
12- 9
12- 1
12- 2
12- 9
12- 1
37V2C 2-1-45
37Vie 5- 1-45
6% preferred (quar.)—
(quar.)——^
preferred
preferred
6%
6%
(quar.)——
Vogt- Manufacturing Corp
Detaining
Vulcan
Co.,
*
,
common
Common
Co.,
Walgreen
resident
(initial)
(quar.)
preferred
D.)
(S.
Warren
(Northam)
Participating units
preferred
preferred
5%
5%
■
——-
______
Co.
Pump
Welch Grape Juice
Engineering
$4
West
conv.
(In
80c
West-
Indies
559,621
+
11,510
Other cash
241,887
+
6,575
Extra
357,424
1
152
459
6
.85
+
10
S,
U.
accounts
Gov't
285
except
accounts,
11,693
—v.
323,689
4,067
—
8.
160,
amount
like
772.
p.
disbursed
was
,
on
+
89,000
+
2,500
+
v%:
Wisconsin Gas & Electric Co.—Income Statement—
5,874,558
+
—107,890
11,680,664
2,134,240
*
Total
322,635
—
Total loans and
11-17
11-13
8-10
17,940,951
secfiflties—
18,306,363
+
8,109,134
+
8,428,756
74,918
Uncollected Items
Bank
16,390
60,417
—
—
+
6,041
2,386,580
.
+
746,962
+
1
34,389
+■;.:•■
58,739
+
2,284
39,642,698
+
676,956
+
88,978
premises—
Other assets
3,457
,
revenues,
$1,105,727
13,531
DT6.930
$1,028,858
—____—
$1,098,797
427,603
436,445
$601,254
$662,351
income—
gross
income
Net
3,985
—
1943
$8,585,797
7,480,070
1944
—_____
revenues
Deductions from
386,552
$9,263,856
8,248,530
——
income
Gross
5,509
+
—
operating
Non-operating
136
Due from foreign banks
F. R. notes of other banks
2-10
5-10
Net
_____
(incl. guar. sec.)_
*V
revenues
'Operating expenses and taxes
securities
Total U. S. Govt,
12-15
operating
'*
$1,015,326
12 Months Ended Sept. 30—
422,971
+
1,243,426
—
12-: 1
12-15" '
''Includes Federal income .and excess profits
taxes.—V. 160,p. 1026.
11-13
Total assets_
+ 7,345,111
Wisconsin Michigan Power Co.—Income Statement—
11-29*
Liabilities—
12-16
21,104,084
-
+
5,129,944
Total
Deposits:
12-15
14,557,417
119,368 ;
U. S. Treasurer—gen. acct.__
11-24
11-24
Other
397,966
+
287,257
—
24.082
—
—
Net
118,637
—175,522
2
4-
2
7-
2
16,165,085
Other liabs., incl. accrd.
+
52,184
+
1,781,353
1,885,928
Deferred availability items
+
533,998
+
11,246
+
430
+
2,995
+
675,590
+
7,294,415
Capital paid in.____
160,769
+
266
+
^
Surplus (Section 7)
188,097
+
" 27,686
26,965
+
136
Net
12,527
Int.
11-27
6
11-15
12-
Other
1
12-
Surplus (Section 13b)
1
capital accounts:
100,524
Total liabilities & cap. accts._
1-20-45
Ratio of total res. to
Commitments
12-23
to
+
+ 676,956
39,642,698
'Includes Federal
make
+
.
7,345,111
50.4%
■2'/"
~
.
"
4,477
543
—
..
11-17
Earnings
1
Condition Statement of Member Banks
11-15
•
I-15
4-16
7-16
11-15
12-
.
•'
•
'
1
-
.
•
•
'.
.-••••
-
-
•
:
'•
*
•
*-
$1,564,533
188,612
$4,967,954
643,010
$4,567,472
1,160,114
1,031,941
3,459,955
3,002,797
$290,029
$343,980
$864,989
$0.70
$1.78
$1,000,932
,
$2.06
—
$0.59
share——
per
'After
•
providing
an
12-15
reporting member
banks of the Federal Reserve System in 101 leading
cities shows the following principal changes for thd week
ended Nov. 8:
Decreases
an increase
ed to domestic banks.
posits, and
11-10
12-15
of $132,000,000 in loans, $189,-
of $152,000,000 in deposits credit¬
booked
12- 1
12- 1
11-30
11-30
12-1
12-1
agricultural loans : in¬
dealers for pur¬
chasing or carrying securities other than United States
Government
obligations declined $78,000,000 in New
York City, $21,000,000 in the Chicago District, and $129,000,000 at all reporting member banks.
Commercial,
11-15
11-15
11-15
11-15
11-J5
12-
1
12-23
•-
Pa.—Earnings-
Sept. 30—:—
:
-
11-20
11-20
12- 2
12- 2
industrial,
and
Holdings of Treasury bills declined $68,000,000 in the
Chicago District, $20,000,000 in the Cleveland District,
and $104,000,000 at all reporting member banks, and in¬
creased $18,000,000 in the San Francisco District.
Hold¬
ings of Treasury certificates of indebtedness declined
$34,000,000 in New York City, $20,000,000 in the Chicago
District, and $84,000,000 at all reporting member banks.
"Other securities" declined $23,000,000.
$114,000,000 in
New York City and $40,000,000 at all reporting member
banks, and declined $65,000,000 in the Philadelphia Dis¬
trict and $64,000,000 in the Chicago District.
Time de¬
deposits
adjusted
increased
—
orders
-——
Completed sales
—_——
—
; :
expense
Net
income
■
recurring
$729,838
$0-97
—.—r—
redetermination. (After certain non¬
(1944) but before deductions for contingencies and
expense
'
to above approximated $190,000
portion related to the refunding of bonds irt Novem¬
non-recurring expense referred
of which
a
large
1943.
ber,
Note—The
year's results included a new expense item of
to a Pension Plan described more fully in the'
which will accompany the annual report to? stock¬
current
pertaining
$110,000'
proxy statement
holders.
To Pay
Dividend of 15 Cents—
dividend of
15 cents per
share has been declared on the common
$1, payable Jan. 15, next,, to holders of record Dec, 4, 1944.
initial distribution of like amount was made on this issue on
stock
par
this year, which was
Jan. 4,
•
$902,314
S0.78
—
reserves.
The
An
2,196,000
cancellations and price
'After
—V,
90,000
150,000
—2,386,083
taxes—,
Earnings per share__
A
M-
" -y
-r-
contingency reserve——'—
income
31,394,281
:
1
■
$3,465,921 ,$3,098,314
110,000
of investments
State
and
Federal
34,106.874
c*
—
1944
1943
$41,435,415 $34,462,556
27,139,922 24,683,706
•
.
—__i—_
and post-war
War
—~
•
.
(Earnings
tax
.
Demand
Ltd.—
.
'Uncompleted
Pension
creased $40,000,000. Loans to brokers and
11-18
$9
22'/2c
$2.50
$1.25
_L
estimated reserve for the renegotiation of war
York Corp., York,
Fiscal Year Ended
Orders
Book write-down
11-10
563,743
contracts.—160, p. 1026.
■
5
8/717
.
The condition statement of weekly
9
11-15
1944—9 Mds.—1943
$4,558,755
profits taxes—
'Net profits
Co.—Earnings$4,953,786
' 14,168
$1,672,863
•
5,029
—
2026.
p.
222,720
opers._
received
excess
'
12-
$704,466
160,
1.944—3 Mos.—1943
$1,667,791
$1,561,023
5,072
3,510
Depreciation charges—
Res. for Fed.
inc. and
16.3%
—
from
earns,
Total
1 lr 15
»
$1^27jD20
522,554
and excess profits taxes.—V,
income
Period End. Sept. 30—
indus¬
trial loansJ
11-25
530,795
.
—
Yale & Towne Manufacturing:
10,347
deposit &
I>\ R. note liabilities combined
11-27
1,100
+
income
gross
income
Net
Capital Accounts—
5-26
11-
$1,187,265
——
from
Deductions
39,166,343
2-26
$1,226,801
219
380,123
divs
Total liabilities
$1,185,386
1,879
revenues—
revenues
Income
Gross
Total deposits
3
1-
operating
Non-operating
11-10
11-
—
3944
$5,250,606
106,926
+
243,564
1943
$4,9951683
3,768.882
.
+ 2,294,173
*-194,342
■
1,244,736-
Foreign
'
4,065,220
'
Sept. 30—
revenues—*—_—
operating expenses and laxes_
'Total
Member bank—reserve acct._
11-15
operating
______
$656,469
12 Months Ended
Federal Reserve notes
11-
12-12
+
>
this issue on Feb. 15,
May 15, June 15 and Aug. 15, this year, and on Feb. 15, May 15,
June 15, Aug. 16, Nov. .15 and Dec. 10, 1943.
The usual quarterly dividend of $2 per share on the 8% preferred
stock was also declared, payable Jan. 2 to holders of record Dec. 20.
"76,785
+
270
—
1,111,371
12-12
12-15
25c
75c
1,590
figures revised.
A
Dec.
—1,468,264
43,757
—
7,988
Industrial loans—
3,905,490
11-15
deposit
and
tions, and $587,000,000 in United States Government de¬
12- 1
12- 1
12-12
+
—6.199
General Corporation and
Investment News
431,671
+
—•
17,915
—
Bonds
12- 1
——
18.781,573
Total reserves
Notes."
$1
—
'Nov.
—1,823,150
000,000 in holdings of United States Government obliga¬
?5c
J20c
33
Nov. 17, '43
Certificates—
11-15
—_—
demand
to
—
36,000
—
11-16
12- 1
.
+ 5,583
40
+
(Continued from page 2191)
17,980,065
11-20
12-1
——.
+
—587
869
328
:
certificates on hand and
Gold
11-15
5c
Sugar.,—
Debits
8, '44
Bills.—
10c
(s-a)_~:—
participating preferred (quar.)
140
—
U. 3. Govt, securities:
Co. Inc.—*
Common
28
.
9,257
—
Foreign banks
+ or Decrease
12-20
II-15
—
;
deposits
Borrowings
since
Nov.
NOV. 15, '44
Assets-
Discounts and advances—
II-24
preferred" (quar.)
+
9
—
37,627
7,589
5,263
deposits-adjusted
thousands of dollars)
Increase
11-3
12-20
Canadian Hydro-Electric Corp.,
2,096
-
during week
6-16
25c
——
38
Domestic banks
Non¬
3-16
12-11
1- 2
U-30
;
& Snowdrift
+
non-residents' tax.
Redemption fund—F. R. notes—
1
12-16
(year-end)20c
—
—
50c
preferred—$1.75
——
Oil
,
________
Extra
Wesson
,
20
closed for this dividend.
I-10
Co., 7%
Common
Wellman
—
(s-a)_———
(quar.)-4-——
Waverly Oil Works, Co,
Wayne
Electric Co.
1,162
+'
Interbank deposits:
Canadian funds, tax deductible at the source.
15%; resident tax, 7%.
a Less British income tax.
due from U. S. Treasury
75c
75c
Corp.,
Washington Railway &
+
585
...
Time deposits
4-10
t25c
———
—1,232
23
Reserve Banks Combined
J$1
(irregular)— __________
$3 pfd. (quar.) —
Co,
Warren
—
1*
—
8
77Y4C
—
—,
—
2,-123
43
Statement of Condition of the 12 Federal
Gooderham & Worts Ltd.—
(quar.),
2,378
+
Liabilities—
3-10
40c
(quar.)
+
2'
+
Balances with domestic banks
SI.75 1-20-45
$1.75 4-20-45
—_
973
2*
+
—
—
interbank
12-15
12-
+
9,634
Demand
in
tax,
4 60
—
—2.507
84
—
2,864
Cash in vault
$1.50 3-20-45
________
common
(Hiram)
Common
$1
(quar.i
(quar.)
preferred
4%
Walker
(year-end)_
—
preferred
preferred
I'M
I'M
37V'aC 8- 1-45
15c
12- 1
$2.50
12-20
—
—-
.
books not
—21
2
—104
598
66
*
—:
Reserve with Federal Reserve Banks
Jamaica income tax.
(Payable in U. S. funds, less 15% Canadian
(Payable
•
Virginian Railway,
11-20
12-15
1-2-45
$1.75
75c
$1.75
50c
1st preferred
12- 1
i
18:
—
19.760
Obligations guaranteed by U. S. Government
U. S. Government
Less 30%
•
Other securities
12- 5
11-15
12-7
50c
——
(quar.)______
Vanadium-Alloys Steel Co. (reduced)
Vapor Car Heating, 7% preferred (quar.)—
Vick Chemical
(quar.)2L.
—
Van
1-20
3-20
12-15
11-15
1- 2
12_ 1
12-15
12-15
12- 9
62 %c
———.
Cc._____
Works
Iron
Dorn
Van
Corp.
2-1-45
4-2-45
75c
x
+
Treasury notes
:
14
soj;
—
1.670.
10,163
7,276
12- 1
12-15
1- 2
75c
11-21
25c
12- 1
62Vic
12-11
50c
12-15
10c 1-30-45
__
50c
50c
12-12
si
+
9)
—
"63
—
Treasury bills
Treasury certificates of indebtedness
11-20
Zeigler Coal & Coke Co.__
—25c
lion's Co-operative Mercantile Institution—
164
—
—129J
.
U. S. bonds
12-1
Quarterly
banks—
/: Loans to
25c
(quar.)
preferred
11-15
$1.25 7-16-45
40c
12-11
40c 3-12-45
40c 6-11-45
$5
.
!
760
carrying:
U. S. Government obligations
497
Other securities—325
Real estate loans
1,061
Other securities
50c
Co.____
•:
-244
Other loans for.puirchasing or
11-10
12- 2
12-11
$1-75
11-20
$1.25 1-15-45
$1,25 4-16-45
— —--
—
$5 preferred
Sugar,
S.
62V2C
—
—
common
preferred___
non-cum.
U. S.
U.
Co.,
'
11-24
•
—
(resumed)
Common
U. S. Rubber
8%
Lithograph CO.— '
&
(Rudolph)
: 5)
*
11-/15
12-20
U. S! Playing
+
$
__
40
Other loans——______________— \ 1,324
12-15
1- 2
11-15
12- 1
k Foundry, common- (quar.)— — /:
40c
Card (quar.)_>__50c
U. S. Pipe
+
v,
-
.
.
11-15
11-24
;
'Transfei'
1- 2
■
Investments—53,570
11,239
Commercial, industrial, and agricultural
:
loans
6,287
V Loans, to brokers and dealers for pirr*
chasing or carrying:
'
U. S. Government obligations
922
11- 2
50c
$1.37V'2
12-30
12-30
1* 2
$1.75
(quar.)—--.————
—132
+1.519
—344
Loans—total——
12- 1
1- 2
1
r'V.'.
$
*
.
Loans and
$1.75
+5c
Co., common
(Wm,), Jr.,
5%%
12-30
50c
12-15
50c 3-15-45
50c 6-15-45
50c 9-15-45
—
'•'■'Assets—
11-10-43
11-1-44
•v;.mm11-8-44
"f
■
(accum.)..
Mines
(reduced)
Youngstown Sheet & Tube, common._______
11-17
_
class A—
class A—
class A
class A
4%
dollars)
Increase i > ) or
Decrease (—) Since
12-20
12- 7
reporting
of the assets and liabilities of
summary
(In millions of
11-17
Hoffman Machinery Corp.—
S.
G
11-15
7Va%
12-18
$2.50 1-10-45
25c
12-5
$1.50
12- 1
22Vic
12-1
20c
12-15
(interim)-
registered
Ordinary
:
3%
preferred
prior
Wuvlitzer
11-10
Ltd.—
United Molasses Co.
A
member banks follows:
,
/■:/;':;V'//■-
Co.—
Common
11-18
1-2-45
4-2-45
7-2-45
$1.25
$1.25
& Co. Ltd.—
registered (s-a)
(F. W.)
Manufacturing
Wright-Hargreaves
11-24'
12-13
$1.25
•
—
preferred (quar.) —
5% preferred (quar.)
5% preferred (quar.)
5%
4
10-20
Merchants & Manufacturers—
United
,
,
Common
11-
12- 1
1-2-45
prior preferred
prior preferred
(quar.)___
preference
3%%
11-15
1-2-45
50c
50c
(monthly)—-—
(monthly)
—
(monthly)
:
prior preferred
6.36%
6rM
&rM
Worumbo
11-15
12- 1
1-2-45
12- 1
58V3C
(monthly
preferred
prior
Woohvorth
1
11-15
12- 1
I'M
preferred
Wrigley
1- 2
prior preferred (monthly)——5BVaC
6.3G% prior preferred (monthly)
53c
7%
(year-end)
Candle
Baumer
_______—
5
11-29
Co. (Del.)—
United Light & Railways
11-10
11-20
11-15
12-1
11*30
11-27
11-10
1-20
12-
12- 9
$3.50
_
$7 preferred
Corp.,
United Gas
(quar.)
4
11-22
12- 9
12- 9
*75c
Cos.—
preferred
A
class
12*1
11-27
12-30
1- 2
12-31
12- 6
12- 1
&
8%
11-25
Investments—
United Fuel
12- 8
$2
12-15
1* 2
.
(wm.f, 7% preferred (quar.)_____
Lace Manufacturing Co
Wilson-Jones
10-20
12- 1
1-15
——
—
10c
Will
12-
—t10c
(quar.)
Corp.
Elastic
Extra
'
——
-
——
United
6%
~
Ltd—
&\Share
Extra
$1-25
(25c
$1.12'%
$1.25
—
5% conv. pfd. (quar.)
United Biscuit Co. of America., com. (quar.)
United Aircraft Corp.,
11-15
_______
District, and $152,000,000 at all report¬
000 in the Dallas'
ing member banks.
—
12-15
50c
12-1
Whitman
William.spovt
1-2-45
12- 8
12- 1
12- 1
12- 1
12- 1
50c
$1
Co.—_
Car
Lines
United Air
Co.
$1
Corp
(quar.)
Wilkes-Barre
11-15
12-15
$1.12%•
_____
(quar.)
Salle St. Corp.
Underwood
(year-end)—
—
208 So. La
11-25
12-13
12-16
11-20
2-2-45
12-15
12-11
12-15
1- 2
37J/ac
11-27
11-10
12- 5
12-27
1-1
11-25
12-15
12-15
12-15
(quar.)____—
preferred
convertible
$1.50
12-11
12- 1
50c
$1
$1.75
Products
Chlorine
11-25
;
12- 7
12- 1
102
$5
$1.75
Corp.
Trans-Lux
Troy
50c
35c
Instrument
Electrical
Westvaco
,
Weyennaeuser Timber
Whitaker Riper Co.
(quar.)
11-25
12- 7
t66c
$1.50
(quar.)!,:——
$6 1st preferred
Co.,
12- 1
11-20
11- 1
11-15
11-15
11- 6
11- 6
Weston
11-10
1- 5
$$1
(quar.)—•
common
11-15
12-15
12- 1
11-20
12- 1
12-15
11-29
11-29
Co.
11-10
l*"2?
3c
,
(interim)
Ltd.,
preferred
5Vi%
Trane
tic
.—
12-1
15c
25c
$7
4$1
50c
$1
$1
Water, $6 preferred (quar.)__
$1.50
Co.
(year-end)
________
62VaC
Winnipeg Electric, 5% preferred-—-—• $$2.50
Wilsil
Ltd.
(quar.)
*25c
Woods Manufacturing, Ltd.
(quar.'
J50c
Woodward Governor (quar.i
25c
Woohvorth (F. W.) Co. (quar.)
40c
4
11-27
1- 2
Jf* 5
——
Mining of Nevada
Elevators,
Toronto
+$1.75
—~
Ltd
Toburu
Tonopah
12-15
43%c
Gas
11-10
12- 5
*»c
Ltd., 7% preferred
Tip-Top Tailors
35c.
50c
—
Bearing.
Roller
12-15
.—
(quar.) ——
convertible preferred
$1.40
12-
12"};>
10c
;
11-10
12-11
11-15
12- 1
IOC
—
11-24
12-1
20c
—
Roofing, common (quar.)
Timken
10C
$2.50
15c
(s-a)___-
—w——Jc
Extra
Tilo
—
(quar.)
Oil
Associated
Water
(quar.)
Co
Thermatomic Carbon
Tide
•
pfd.
VM
Mills,
Land
&
preferred
Ry„
Plour
Tex-O-Kan
_______
Ohio
West
11-10
deposits declined in all districts.
Deposits credited'to domestic banks increased $24,000,000 each in the Richmond and Atlanta Districts, $23,000,-
•:
(year-end)
Western Auto Supply (quar.)______________
Western Maryland Ry., .7% 1st pfd. (accum.)
Western Steel Products, Ltd.
(interim)
Westinghouse Air Brake, (year-end)
Westinghouse Electric & Mfg. Co., common.
7% participating preferred—____________
11 -r 10
11-24
United States Government
posits increased $33,000,000.
of Rec.
West Michigan Steel
11-15
12- 1
12- 1
l- 2
Syracuse Transit Corp., common
Texas
Foundry
$1.75 convertible preferred (quar.)
Holders
When
Payable
Share
Name of Company
of Reef
Payable
Share
of Company
Holders
When
Per
Name
Monday, November 20, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2230
160,
•
'
'•
p.
followed by a similar payment on July 15.
1235.
:
.
•
'
v
(„•
\
•
i' V:
+
.
/•;(
"
'The
:
Class I Railways For July
7
a
The Bureau of Statistics of the Interstate Commerce
•
Commission
the aggregate totals of
selected in-
his issued
statement showing
a
the United
comb and balance sheet items for class I steam railways in
and for the seven months
States for the month of July, 1944 and 1943,
ending with July, 1944 and 1943.
r
v :
figures
subject to revision and were
are
7'7:V t--''-'7^v':77:';iv^--7:.,::;
7777>7v-V7,;
report is as follows:'
:
All Class I Railways
For the seven
July
For the month of
1944
Income Items—
N4t
opeiat.
ry.
Total
143,740,285
' 3,182,372
.7 -\L
available
-
for
141,132,809
charges
Fixed charges:
;
v
:
fixed
Inc.
fixed
after
and
structures
•
projects
On
•
•
,
19.277,673
16,639,432
379,895,682
547,380,148
7 186,133,203
25,553,008
112.2
112.2
112.2
112.2
105.3
113.7
105.3
113.7
105.3
113.7
76.4
108.1
115.5
105.3
113.7
108.2
115.6
108.2
115.6
108.2
115.6
108.2
84.7
108.1
143.8
84.7
108.1 *
143.8
14,925,367
104,792,612
77,869,534
769,839,321
70,128,289
Cotton Wash Goods
963,744
2.15
2-83
2.20
.>
1943
1944
1943
■
$540,923,966
$561,422,837
$563,096,596
'
invest¬
1,315,557,447
1,430,179,408
161,414,819
110,349,395
256,111
169,965
1,050,653,746
122,640,666
236,031
36,585,386
23,544,800
29,407,086
170,297,243
128,275,851
-639,352.086
591,143,021
497,315,799
554,392,607
520,110,547
486,526,872
24,465,307
■i 17,889,478
20,673,446
1,417,915
1,041,251
898,644
63,316,135
51,362,394
59,620,315
158,461,907
and bills receivable-
171,438
con155,292,414
;
accounts
Miscellaneous
supplies
and
Rents
'
-
;
receivable
Other current-assets-,-,-Total
7,7,7
■Selected Liability Items—
debt
maturing
six" months-'-—
IFunded
'within
.
3,579,942,602
4.048,656,036
assets—- 4,564,935,989
current
Audited
,wages
Interest
.-
,
133,238,737
1,600,000
,
112,680,540
167,227,265
390,064,086
7. 376,135,097
121.091,239
106,650,263
89,239,860
48,217,911
7,077,111
60,792,906
38.486,979
3,304,227
' 62,572,780
39,964,717
6,797,094
57,767,757
452,515,377 i
—
matured unpaia—
matured unpaia
>
.
Dividends
Unmatured Interest accrued
dividends
Unmatured
•Ciared
de-
other
current
-
Total
10,018,541
18,436,152
■
324,247,345
;
liabilities. 2,906,753,515
2,383,782.850
U.
taxes
"Represents
or
S.
108.1
114.8
114.8
114.8
99.3
99.3
99.3
94.3
106.0
94.3
105.9
94.3
105.9
94.3
105.9
94.3
105.9
109.6
109.6
109.6
109.6
10.9.6
114.6
114.9
114.9
114.9
103.7
:
74.3
103.7
103.7
103.7
80.9
106.0
106.0
106.0
69.4
129.2
129.4
129.4
129.4
last
ciated
Press
146.9
146.9
66.8
94.9
93.5
146.9
146.9
66.8
94.9
93.5
110.6
110.6
32,672,381
3,024,118
58,879,705
50.6
;
Luggage
Note—Composite
index is
94.7
72.5
—
,
Electrical Household Appliances
China—
*
;
66.8
60.1
;—
93.5
146.9
66.8
94.9
93.5
110.6
110.6
81.5
a
weighted
66.8
94.9
93.5
Major group inaexes
aggregate.
are
110.6
arith¬
of subgroups.
averages
.
50,937,991
2,432,606,133
2.020,043,466
1,357,438,505
1,478,002,687
The
made public
Treasury Department
Oct.
on
its monthly
5
the face amount of public debt obligations issued
under the Second Liberty Bond Act (as amended), outstanding on
showing
report
Sept. 30, 1944, totaled $217,233,975,023, thus leaving the face amount
of obligations which may be issued, subject to the $260,000,000,000
'
1,723,923,104
debt
outstanding
as
The following
of Sept. 30, 1944,
$209,495,718,547.
was
154,505,798
126,946,655
that
128,409,744
face
the
amount
of
default.
tFor railways not in
follows: July, 1944, $49,377,229;
amended, provides
obligations issued under authority of that
Act, "shall not exceed in the aggregate $260,000,000,000 outstanding
The
time."
following table shows the face amount of obligations out¬
standing and the face amount which
accruals,- including the amount in
trusteeship the net income was as
still be issued under this
can
Total face amount
Outstanding
that may
of Sept.
as
30,
$260,000,000,000
be outstanding at any one time
1944;
Interest-bearing:
Bonds—
7
"Savings
''■!,*7:'-'7:77 :7;77;.7,7;- 77
r".
.
Treasury
t!For railways in receivership and trusteeship
the ratio was as follows: July, 1944, 1.76; July, 1943, 2.42; seven months, 1944, 1.79;
seven months,
1943, 2.51'.
§ In eludes obligations which mature not more than one year
after date of issue,, ""Figures include returns of the Minneapolis and St. Louis which
emerged from receivership on Dec. 1, 1943, Chicago & North Western, June 1, 1944;
Missouri-Illinois, June
1944, and the Akron, Canton & Youngstown which emerged
from trusteeship on Feb. 1, 1944.
"
" '
after close, of month qf report.
$81,270,101,850
————v
(maturity
<
" /'U,
•
"
46,175,557,200
value)—
Depositary __——"
488,809,250
Adjusted service ———715,988,307
.
=.
:
.
7
$128,650,456,607
Treasury notes
issued on Oct. 16
1. "Since March 1,"
according to the advices, "the index has remained at the same level.
In comparison with a year, ago the Oct. 1 index shows an increase of
0.3%. The largest gain was in women's apparel, an advance of 0.6%;
there were increases in the past year of 0.1% for infants' wear and
house furnishings.
During the last 12 months piece goods which had
showed the greatest gain of 72.4%; over the 1933 low remained un¬
changed during the month.". The, Fairchild Publication continued;
"All categories of the index are now substantially above the pre¬
war high reached in
1937.
The combined index shows an. advance
of 17.4% with gains in the individual groups ranging from 11,3% for
The Fairchild
showed,
no
change
.
infants'wear to 25.8% for piece goods.
.
.
This decline
From April,
1943, until June, 1944, furs had been gaining constantly, but since
is due for the
declined 0.1%.
most'part to promotional mark-downs.
had
been
service's
work
regions
The
established.
from 1,267 cases handled,
involving 1,383,000 workers^ and
of which were strikes,, to a
grew
57%
total for the fiscal year of 1943-44
of 25,000 cases
than 12,000,000 workers,
more
'
the
Department,
limited to
maximum of $25; the
a
maximum of 4 pounds,
and the size to a maximum of
36 inches in length and girth com¬
bined, The postage rate applicable
to these packages will be 14 cents
per pound or fraction thereof. The
packages
and relative
customs
declarations
must be conspicu¬
a
'Gift Package'
marked
the senders who must also
15,747,367,000
state
7
'
f.
'
Matured
obligations on
Bearing no interest:
U. S. savings stamps——168,253,280
i 'Excess profits tax refund bonds
326,933,661.
7
\
amount of obligations issuable under above
on
pointed out that the pack¬
to contain only such es¬
sential items as clothing, shoes,
"It is
powdered or evap¬
etc. No writing,
printed
matter,
or
perishable
foods may be sent in these pack¬
kits,
sewing
7 7: "
orated milk, soap,
217,233,975,023
Face
the
ages are
495,186,941
;
,
by
clearly
contents and value
the customs declarations.
$216,506,739,607
which interest has ceased ?
232,048,475
v
-
Post
Washington
25, D. C., that effective at once,
ordinary (unregistered and unin¬
sured) gift packages may be sent
by parcel post to civilians in Vat¬
ican City State and the cities of
Rome, Naples, Italy, and Palermo,
Sicily. The advices add:
"The value of each package is
ously
$35,849,041,000
received from
been
36,259,875,000
of
$42,766,024,977
authority
ages.
RECONCILEMENT
WITH DAILY STATEMENT
SEPTEMBER
OF
30,
THE UNITED STATES TREASURY
1944
age
Total face amount of outstanding pubjip debt obligations issued under
authority
-Deduct,
of the Second Liberty
unearned
current
discount
redemption value
on
Bond Act—
Savings
and
maturity
$217,233,975,023
Bonds
(difference
value)—
8,852,280,840
$208,381,694,183
other
public
debt
per
present, oruy one pack¬
calendar month may be
sent from the same sender
between
——
obligations
outstanding but
statutory limitation:
(postal saving^, etc.)——
.Interest-bearing
Matured obligations on which interest has ceased
Bearing no interest—
Add
"For the
•
same
must be
more
to the
addressee and this limitation
strictly adhered br as not
than
one
package per month
not subject to the
from the same sender
$195,917,540
7,506,865
addressee
910,599,959
"During the past year changes for individual items have been
remarkably small.
This month-.for the first time since June furs,
the only item to show any difference,
ad¬
his
indebtedness---
Certificates
Publications Retail Price Index
between Sept. X and Oct.
:
under
that
Treasury bills (maturity value)
87,856,283,000
Sept; Unchanged For Eighth
Consecutive Month, According to Fairchild Index
related
weight to
limitation:
1943, $73,266,918; for the" seven months ended July, 1944, $322,511,816; seven
months
ended July,. 1943,. $432,204,922.
^Includes payments of principal of longterm debt (other than long-term debt in default)
which will become due within six
Retail Prices In
nearly perfected."
Office
Statutory Debt Limitation As of Sept. 30, 1944
-
154,573,396
ington "for some time" but felt it
a
duty to remain until the con¬
ciliation service "could be more
has
is the Treasury's report for Sept. 30:
Section 21 of the Second Liberty Bond Act, as
at any one
-
Perkins said it
Wash¬
handled, involving
and
statutory debt limitation at $42,766,024,977.
In another table in the only 11% actual strikes, he said.
report, the Treasury indicates that from the total face amount of
outstanding public debt obligations ($217,233,975,023) should be de¬
Parcel Post Gift Packages
ducted $8,852,280,840 (the unearned discount on savings bonds), re¬
ducing the total to $208,381,694,183, but to this figure should be To Italy Areas Permitted
added $1,114,024,364 (the other public debt obligations outstanding
Postmaster Albert Goldman an¬
but not subject to the statutory limitation).
Thus, the total gross nounced on Nov. 1, information
1,196,745,373
,
letter to Secretary
had been his desire to leave
geographical
15,543,711
.,
Wash¬
from
thus far, Miss Perkins said.
The Conciliation Director in his
He
Statutory Debt Limitation As Of Sept, 30, 1944
1,325,155,117
55,665,258
advices
ministration 25 field offices in five
13,352,422
1,604,949,342
was
ington on Nov. 7, also had the fol¬
lowing to say:
No successor has been chosen
129.4
79.9
"
ten¬
accepted
on
Nov. 6 by Secretary of Labor
Perkins, to become effective No¬
vember 25. Reporting this, Asso¬
1,
July
dered
106.0
74.0
Service,
Conciliation
States
114.9
103.7
106.0
76.3
.
Radios
July,
months
108.1
114.8
99.3
,
Floor Coverings
V;
Gov—
81,950,136
10,018,541
15,841,202
13,352,422
18,751.195
•
71,379,624
than
receivership
*
liabilities—89,670,259
current
eminent
"
1,511,944.303
•
Other
;
1,878,496,500
Analysis
of
accrued tax
liability:
U. S, Government taxes.
108.1
114.8
99.1
Steelman Resigns
The resignation of Dr. John R.
Steelman as Director of the United
.
—
—-
Unmatured rents accruedtax liability
Accrued
92.4
108.1
Furniture——
16,734,384.
687,120
37,784,003
Miscellaneous
payable
92.4
108.1
;
—
—
Underwear
3,218,232,278
9,000,000
12,838,386
^ 15,113,928
•
.;v'77t7
—207,399,133 , - 152,163,043
accounts
and
payable-'—
•
accounts,
'
184,176,507
152.613,204
202,035,131
car-service
and
<
.balances, (Cr)
■
71
SLoans and bills, payable—,
Traffic
111.2
144.9
102.9
92.4
70.1
metic
dividends re¬
and
ceivable
111.2
145.1
102,9
92.4
102.9
92.4
69.7
re¬
ceivable
Interest
7
45,585,959
receivable
and
agents
Materials
-
car-service
balance
t
111.2
145.1
102.9
69.6
Shoes
he commented..
477,772,179
428,132,150
—
'ductors
111.2
145.1
102.7
74.3
139,579,660
1,860,236,088
————
irom
142.6
Shoes
balances i Dr.)___——.
Net
111.2
Infants' Wear
914,605,253
.817,388,107
1,182,998,334
1,022,244,133
and
90.0
140.5
Clothing inch Overalls
$586,252,079
Traffic
90.0
140.5
Hats & Caps
Cash
Loans
90.0
140.5
7 Underwear
Socks
ments
90.0
140.5
Hosiery—
corn-
Special deposits
89.2
140.5
76.5
-
it did come,
126.8
134.9
Men's Apparel
in !'• stocks,
cash
12G.8
134.9
64.9
Shoes
Not in
than
Temporary-
126.8
134.9
69.2
—
any rate in the form
could have occurred,"
the war, at
143.8
126.8
134.9
Shirts & Neckwear
panics
spring of 1938 by her Foreign
Minister, Mr, | Maxim 1 Litvinoff,
had been adopted, I don't see how
77-''--"7:7
83.6
—
-
Balance at end of July
1944
affiliated
of
■
126.8
135.0
59.2
75.5
Furs
Balance at end of July
•those
143.8
143.8
v.'.."
Aprons & House Dresses——
Corsets & Brassieres
Receivership or Trusteeship
Selected Asset Items—
other
108.1
65.0
72.9
—
All Class I Railways
etc,,'
108.0
1
115.6
66.8
Hosiery
Underwear
bonds,
nations,
that
tried under
the
League of Nations to prevent war.
"If her proposal made
in the
Women's Apparel
15,563,373
♦'Class I Railways
84.7
68.6
—.
,
Sheets
Confer¬
Peace
Paris
1919
the
paid tribute to Russia as the
"one exception" among the great
•
84.7
69.2
Domestics
2.58
796,481
75,135,715
15,784,396
3,723,908
;].
1 •:
•
57.4
„
Blankets & Comfortables———.
'
■
' >■
■
;
Woolens—
798,658,318
3,696,590
70.2
-
Piece Goods
Affairs and
delegation
Foreign
fpr
retary
84.7
108.1
Furnishings
Home
183,990,081
135,167,083
•
Investments-•
113.4
105.3
113.1
Silks
fixed
to
income
of
2,390,753
123,439,864
charges
113.4
112.2
564,019,580
jbn preferred stock
IRatio
113.4
65.1
91,205,608
common
•
'.1944
113.4
Apparel——————
70.7
Apparel—71.8
Infants' Wear
appropriations:
"
stock-;—;—
Dividend
Oct. 1,
1944
Women's
V: .15,787,955
.
Sep. 1,
1944
Piece Goods-
865,078
356,424,158
: 26,691,330
Federal income taxes-
Aug. 1,
252,759,962
,903,567
331,897,539
Cecil, one-time Under-Sec¬
Lord
ence,
1944
240,840,206
119,626
49,927,201
"peace.
■
113.1
Men's
the cause
London
United Press advices, from which
this is learned, added:
Referring to the proposed Se¬
curity Council, Lord Cecil com¬
mented that, "if that works, then
a
very considerable barrier will
have been created against war."
international
of
7 '-77
July 1,
69.4
88,814,855
Wood-
and
serious contribution" to
to
1943
Composite Index—
399,173,355
Chelwood,
of
Nobel
the
of
member of the British
Oct..1,
1933
102,799,118
defense
of
Amortization
ana
equip.)
;
90,153,766
,
— '
2,733,265
i-,57,362,282
(way
;%;''rMay. V
•■'V .'7
60,095,547
charges
tNet income
:7.' 920,443,738
35,833,115
120,653
Contingent charges
Depreciation
731,070,894
Cecil
Viscount
winner
INDEX
JAN. 3, 1931=100
52,272,299
charges
PRICE
RETAIL
PUBLICATIONS
13,974,460
38,681,192
pther deductions
Total
as
/fM
13,470,454
♦Interest deductions
.
well
FAIRCHILD
TIIE
*
roads
for leased
and equipment
,Rent
^
the extent of wartime advances and the
Hidden advances in quality as opposed to
the price of wartime commodities are beginning to disappear,
Hand¬
bags, for example, which had deteriorated markedly, are now begin¬
ning to show a definite quality improvement. A. W. Zelomek, econo¬
mist, under whose supervision this index is compiled, points out the
part played by changes in quality which have tended to minimize
the extent of advances during the war.
In many items quality will
be restored in the post-war period without v^t changes in price,"
of supply as
quality of merchandise.
Copyright 1944 Fairchild News Service
'
fixed
Price trends at that time will be
17,054,036
24,638,196
2,607,476
112,367,846
from'1 income
Income
.1943
'
the European war
affected by changing condi¬
prices will remain stable until after
"Retail
ends.
deductions
Miscellaneous
:
15,890,354
115,550,218
income
months of
$840,026,078
97,471,696
755,709,090 7V. 937,497,774
$650,037,565
105,671,525
$127,849,931
16,910,797
income'
Other
t
$98,633,421 7:
Income
'1944
"1943
.
The composite index
gained 33.6%, women's apparel increased 28% and house furnishings row Wilson Peace Prizes, said on
27.9%.
Increases of 19.1% and 12.8%, respectively, are also reported
Nov. 7 that the Dumbarton Oaks
for men's apparel and infants' wear.
conference was "a very solid and
tions
compiled from
13i reports representing 135 steam railways.
The present statement
excludes returns for class A switching and*terminal companies. The
These
Oaks Conference
1939-1940 pre-war level
gained 27.6%, piece goods
the
above
increases
of
extent
has been substantial.
Commends Dumbarton
departments.
reports of promotional efforts in fur
been
had
in spite of the fact that there
June had been at the same level
Selected Income And Balance Sheet Items
2231
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4335
Volume 160
1,114,024,364
Total
gross
debt outstanding
according
to
maturity
as
value.;'
of Sept. 30,
1944_
preliminary public
debt
Principal ^amount
(current
statement $37,323,276,360.
$209,495,718,547
redemption
value)-
be
to the same
accepted
for
mailing.
"These packages
to the
"Approximate
will
must conform
regulations of the Foreign
Economic Administration."
Bulgaria Signs Armistice With U. S.,
England and Russia — Text of Terms
signing by Bulgaria on Oct. 28 of an armistice with Russia,
10 days after the conclusion of
The
the United States and Great Britain,
Marshal Stglin
at which an agreement on main points of the armistice was reached
was made known in Associated Press advices from Moscow on that
date, which as given in the New York "Herald Tribune,' stated:
Churchill and Premier
talks between Prime Minister
lics
hostilities
ceased
ing
on
the
with
Socialist Repub¬
of Soviet
Union
Sept. 9, 1944, and severed
with Germany on Sept.
relations
7, 1944, and with her satellites on
Sept. 7, 1944, will cease hostilities
against all the other United Na¬
nationals
the
German armed forces in
Bulgaria and hand them
over
as
United States.
such
reparation for loss and dam¬
age
caused by the war to the
United Nations, including Greece
and Yugoslavia, as may be deter¬
The Government of
Bulgaria will restore all the rights
and interests of the United Na¬
their nationals in Bul¬
and
tions
the
many,
force
into
the
and
hostilities
of
conclu¬
Ger¬
against
Allied
Control
Com¬
mission will be under the general
direction
mined later.
coining
armistice
the
sion
During the period
the
between
of
Article 10.
(B) Bulgaria undertakes to dis¬
and
Greek
including
Yugoslav property, and will make
tions.
arm
Monday, November 20, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2232
of
the
Allied
(Soviet)
high command.
19.
Article
will
into force
come
nature.
«
,
The present terms
their sig¬
on
Y'YYj
\
■
■
agree-**-
-
.
.Y
prisoners of war. The Government
;
~~
~~
Done at Moscow in quadrupli¬
garia. : 'YYY ■
of Marshal Stalin and Prime Min- of Bulgaria also undertakes to in¬
Article 11. The Government of cate, in English, Russian and Bul¬
ister Churchill, who discussed the tern nationals
of Germany and
ately. Preliminary conditions ac¬
Bulgaria undertakes to refcirn to garian, the English and Russian
particularly the double her satellites.
cepted by Bulgaria from the Allies terms,
the Soviet Union, and to Greece texts being authentic. Oct 28, 1944.
signature, at their recent Moscow
Oct.
11
included evacuation of
(C) The Government of Bulga¬ and
Yugoslavia
and
to
other
By authority of the Govern¬
conference.
■;
ria undertakes to maintain and
Greek
and
Yugoslav territories
United Nations, by the dates spe¬
ments of
the
United States of
The terms previously had'been make available such
seized by the Bulgarians.
land, sea and cified by the Allied Control Com¬
America,
the
United
Kingdom
drafted by the European Advisory air forces as may be specified for
Bulgarian Foreign Minister
mission and in a good state of and the Union of Soviet Socialist
Petko Stainov declared that the Commission after Russia's sudden service under the general direc¬
preservation, all valuables and Republics:
armistice
delegation
from
his and unexpected declaration of war tion of the Allied (Soviet) high materials removed during the war
on Bulgaria had forced the draft¬
Representative of the Soviet
command.
Such forces must not
country "regards it as its duty to
by Germany or Bulgaria from
a
three-power rather be used on Allied territory except United Nations' territory and be¬ high command: Marshal Fedor I.
inform representatives of the Al¬ ing onto
than a two-power basis.
Tolbukhin.
In other with the prior consent of the Al¬
lied
governments that the new
longing to state, public or cooper¬
Bulgarian government of the Pa- words, it can now be reported, the lied government concerned.
ative/ .organizations,
Representative of the^Supreme
enterprises,
were
immedi-
not disclosed
able
been
has
Front
triotic
■
armistice
the
of
Terms
ment
to
out a considerable part of
the conditions provided for in the
draft terms of the Allied govern¬
carry
ments."-,' ■■
-/ YY Y,yv;
He asserted that the Bulgarian
main
for Russia's declara¬
reason
tion of
against Bulgaria was
war
her desire to
give herself equality
Britain
in
dictating
this
with
armistice.
.
Government "considers it its fun¬
damental duty to implement the
armistice
in
terms
most
a
con¬
scientious manner.
the
will assist
armistice
"This
Bulgarian Government to estab¬
lish relations between Bulgaria
peoples of the United Na¬
policy
and the
tions and will inaugurate a
cooperation with these nations."
The "whole people" of his coun¬
try backed the government in the
realization of this policy, he added.
• ;YY \.Y
of
.
Negotiations for the armistice
agreement opened Thursday [Oct.
261 and ended with the signing
;'.V; YY/",,
today.'
/
.
:
It was signed
Tolbukhin,
of
"representative
as
command,"
Allied
the
behalf of the
on
and
by
the
that
is
result
specifies that the terri¬
tory shall be under the Soviet
high command for military pur¬
poses altho the actual enforcement
of armistice terms is vested in an
commission
control
Allied
be
to
Y-YYvY ;Y.
Burgars'
agreement
to
war
against Germany
includes making available land,
created.
The
the
assist
to the Allies
air forces
and
sea,
and
aiding the movement of Allied
through the country. The
Allied
command takes over all
forces
ships in Bulgarian ports and the
operation of all Bulgarian vessels
away from their home ports.
Y';YIYYYYYYY
by Marshal Fedor I.
allies
three
direct
One
armistice
it
is
also
specified that all Al¬
On the conclusion of hos¬
(D)
tilities
against Germany the Bul¬
garian armed forces must be de¬
mobilized and put on peace foot¬
ing under the supervision of the
Allied
Control Commission.
2.
Article
and
forces
been
specified
of
individual citizens,
or
factory and works equip¬
as
locomotives, rolling stock,
motor vehicles, historic
monuments,
museum
treasuries
ment,
tractors,
and any other property.
Article 12. The Government of
Bulgaria undertakes to hand over
the Allied (Soviet)
high command all war material of
Greece and Yugoslavia in accord¬
Germany and her satellites located
ance
with the pre-condition ac¬
on
Bulgarian territory, including
cepted by Jhe government of Bul¬ vessels in the fleets of Germany
garia on Oct. 12, 1944; the Bulga¬ and her satellites located in Bul¬
rian authorities must immediately i
garian waters.
Yv Y->.Yv
take
steps/ to
withdraw
from
Article 13. The Government of
Greek
and
Yugoslav
territory
Bulgaria undertakes not to per¬
Bulgarians who were citizens of
mit the removal or expropriation
Bulgaria on Jan. 1, 1941, and to of
any form of property (includ¬
repeal all legislative and adminis¬
ing valuables and currency), be¬
trative provisions relating to the
longing to Germany or Hungary
annexation
or
incorporation
in
Bulgaria
from
Article
protocol attached to the main
terms, it is stated that the Bul¬
and
-
Bulgaria
the
afford
will
of movement
of
Soviet
to
freedom
forces
Allied
other
Yugoslav
Y Y YY:;
,'Y
Bulgarian ter¬
over
to
nationals
their
to
or
or
Government
The
3.
booty
as
territory
Greek
Y" [ f'i
of
territory.
and civilian
a
have
the
within
limit
time
internees must be released and in
lied prisoners of war
officials
withdrawn
armed
Bulgarian
institutions
such
in
resident
sons
territories
in
or
occupied
by
of
The Government of Bulgaria
will
safeguard such property in the
garian Government will immedi¬ ritory in any direction if, in the
mell, as representative of the "Al¬ ately make available food supplies opinion of the Allied (Soviet) manner specified by the Allied
Control Commission.
lied Supreme Commander in the for the relief of the
population of high command, the military, situa¬
Article 14. The Government of
Mediterranean
area."
Marshal Greek and Yugoslav territories tion so requires, the government
Tolbukhin's 3d Ukraine Army in¬ "which have suffered as a result of Bulgaria giving to such move¬ Bulgaria
undertakes
to
hand
ments every assistance with their over to the Allied (Soviet) high
vaded Bulgaria.
Y: ;
\
V
Y
of Bulgarian aggresion."
own means of communication, and
command
all
vessels
Y
For Bulgaria the signers were
belonging
The armistice contains 19 arti¬
at their own expense,
by land, to the United Nations which are
Stainov,
Dobri
Tarpeshev and
Lieutenant General J. A. H. Gam-
.
cles which
Nicola Petkov, Ministers without
Portfolio
in the government
of
Kimon
Premier
Petko
was
Fi¬
announced at Washington
29
Oct,
ion
and
Bulgarian
Minister.
nance
It
Georgiev,
Stoyanov,
armistice
the
that
in the United
States, Great Britain and Russia
on that
day, disclosed that Bul¬
garia has promised full aid in pro¬
secuting the war against Germany.
In reporting this the Associated
Press also had the following to
published
terms
;
^R-VYyvY YYY>V ,Yi:'
say:
The
r
also
terms
provided
that
are
in the main mili¬
Among
requirements imposed
on the defeated enemy,
however,
were
the
provisions
that
she
should dissolve all pro-Hitler or
other
Fascist
organizations and
should release from jail all per¬
tary in intent and effect.
the political
sons
held because of Allied sym¬
pathies "or for racial
reasons."
or
religious
The Bulgars also
agreed to "re¬
peal all discriminatory legislation
and disabilities" arising from ra¬
cial, political, or religious causes.
The text of the terms of
Bulga¬
rian armistice as announced joint¬
Bulgaria relinquish all claims to
Greek
and
Yugoslav
territory ly by the United States, Great Bri¬
which the Bulgars had sought to tain and Soviet Russia as made
known in United Press accounts
annex
as long as they fought
at
from Washington Oct. 29 and giv¬
Germany's side.
No
specific reparations were re¬
quired altho it was stated that
Bulgaria must either restore all
property taken from the Allies
and
their
nationals,
including
Greece
and Yugoslavia,
or else
must pay
In
those
"
September except that a specific
reparation charge of $300,000,000
was
fixed
against
Romania by
and
.
Russia
alone
bune" follow:
signed
\
between
the
gov¬
States
of
America, the United Kingdom and
the Union of Soviet
Socialist Re¬
hand, and the
Bulgaria, on the
other hand, concerning an armis¬
tice.
i:-1"'" :, Y Y"
Y
The
Government
of
Bulgaria
accepts the armistice terms pre¬
sented
by the Governments of
the
government of
on
one
of
of
Hungary in the common interest
Government
structions,,. the
Bulgaria will at its
all
provide
war
Allied
refugees,
and
Greece
of
nationals
expense
prisoners
and
internees
and
own
of
their
in
activities
United Nations
or
favor
tions'
cause
for racial
or
or
Article
7.
The
Government
of
name
in
the
of all the allies.
The
Bulgarian armistice is sign¬
only by Marshal Fedor I.
Tolbukhin, as representative of
the Soviet high command but also
by Lt. Gen. J. A. H. Gammell, for
ed
not
the
Supreme
Allied
In the Mediterranean,
This
double
well
as
,
as
was
a
the primary
Soviet
interest
Bulgaria and also the fact that
while Bulgaria had long been at
:n
war
with
states
Britain and
and
other
the
allied
United
nations,
Russia declared war on the coun¬
try
only at the last moment.
The
rian
formulation of the
armistice
Bulgaria undertakes to dissolve
immediately
all
pro-Hitler
or
other
on
Bulga¬
apparently
was
completely under the sponsorship
Socialist
Republics, acting
behalf of all
tions at
the
United
Na¬
with
Bulgaria. - Ac¬
cordingly, the representative of
the Soviet high command, Mar¬
war
shal Fedor
I.
Tolbukhin, and the
representatives of the Supreme
Allied
signature
of recognizing
means
British
Commander
the United States of America, the
United Kingdom and the Union of
Commander
in
the
Medi¬
terranean, Lieutenant General J.
A. H. Gammell, duly authorized
thereto by the Governments of the
Fascist
political military,
para-military and other organiza¬
tions on Bulgarian territory con¬
ducting propaganda hostile to the
United Nations and not to tolerate
the
existence
of
such
organiza¬
tions in the future.
Article 8. The
duction
and
distribution
in
the
United Kingdom and the Union of
Soviet Socialist Republics, on the
tion of cinema films, the operation
of wireless
stations, post, tele¬
hand, and the representatives
graph and telephone services will
take place in agreement with the
Allied, (Soviet) high command.
Article."-9. The Government. of
one
of
the
States
of
America,
Government .<of
Bulgaria,
furnished with due powers, on the
other hand, Rave signed the fol¬
lowing terms:,
b
Y
Article
1.
(A)
Bulgaria
hav¬
Bulgaria* will restore all property
of the United Nations and their
discharge
com¬
of
its
At
the
time
of
signing
the
Bulgaria, the Allied Governments
signatory thereto have agreed to
the following:
1.
In
connection
with
IX it is understood
garian
slav
of
as
the
Yugo¬
and
which
result
a
aggression.
product
relief
Greek
of
territories
fered
imme¬
certain
the
for
population
will
available
make
foodstuffs
Article
that the Bul¬
Government
diately
have
of
suf¬
Bulgarian-
The quantity of each
will'
delivered
be
to
determined
by
agreement
be
be¬
tween the three governments, and
will
be considered
part of the
as
reparation by Bulgaria for the loss
and
damage sustained by Greece
and
Yugoslavia.
2.
The
material"1
XII
Article
include
to
Y/,
*YY
"war
term
in
used
deemed
shall
all
be
material
equipment belonging to, usee!
or
by,
intended for
or
military
tions
3.
members thereof.
cr
viet)
by the Allied
use
high
ernment
of
with
armistice
the
in
accord¬
XIV
Article
their
to
by the Gov¬
over
Bulgaria
and
(So¬
Allied
of
command
vessels handed
return
by enemy
use
para-military forma¬
or
The
the
of
their
of
date
will
owners
be
the subject of discussion and set¬
tlement
subject to the operational control
(Soviet) high com¬
the Allied
for
mand
between
the
Allied
gov¬
ernments concerned and the Gov¬
ernment of the Soviet Union.
4.
Bulgarian mer¬
vessels, whether in Bulga¬
or
foreign waters, shall be
use
in the general
terest of the Allies.
It
is
understood
that
the
in
lied RSoviet)
also
of
high command will
for
arrange
Bulgarian
services,
et
the
provision
supplies,
currency,
in¬
Y,
:
application of Article XV the Al¬
cetera,
the
meet
to
17. The Government of
needs of the representatives of the
Bulgaria will arrange, in case of
Governments of the United King¬
Article
for
need,
the
utilization in Bul¬
garian territory of industrial and
dom
public
tions,
and
facilities,
other
with
stocks of fuel
materials
,
enterprises
utility
and
accordance
issued during
in
instructions
by the/Allied
(So¬
18.
For
whole
the
riod of the armistice
pe¬
Commission
chairmanship
sentative
of
the
the
of
United
States
both
guages,
sian
texts
(Note:
in
in
English
on
and
lan¬
Rus¬
being authentic.
The
foregoing
signed in Moscow
1944,
triplicate,
Russian
and
on
protocol
Oct. 28,
behalf of the three gov¬
ernments
by:
George
F.
of the repre¬
Allied (Soviet)
with the par¬
representatives of
high command and
ticipation
United
Moscow
at
English
Allied
which will
regulate and supervise the execu¬
tion of the armistice terms under
the
the
there will be
established in Bulgaria an
Control
Done
in
was
viet) high command."
and
Bulgaria.
transport enterprises and means
of
communication,
power
sta¬
Article
garia of periodical or non-period¬
literature, the presentation of
theatrical performances or exhibi¬
United
chant
Bul¬
ical
Bul¬
YY
16.
Articlce
■:
the armistice
publication, intro¬
with
armistice with the Government of
functions.
of
accused of war crimes.
the
for
mand
abilities
of persons
(Soviet) high
by the Allied
rian
arising therefrom.
Bulgaria will cooper¬
ate in the apprehension and trial
Bulgaria must make
payments in Bulgarian
and must supply goods
(fuel, foodstuffs, etc.), facilities
and services as may be required
gious reasons and will repeal all
discriminatory legislation and dis¬
Article 6.
armistice
an
garia:
currency
the
reli¬
YYY'
Procotol to the agreement con¬
cerning
ance
regular
because of their
Soviet
armistice
Romanian
the
Article 15.
of
sympathies with the United Na¬
aforesaid
the
to
up
high command.
with
of
the
to
moment of
transfer to the Allied (Soviet)
its
will
immediately \ re¬
lease, regardless of citizenship or
nationality, all persons held in
connection
damage
any
of
destruction
or
property
own
Government
for
sponsibility
Medi-
the
authority of the Govern¬
of Bulgaria." Petko Stainov.
ment
garia will bear full material re¬
Bulgaria
in
subsequently
to
their
The Government of Bul¬
owners.
Yugo¬
Y
5. 'The
be
to
displaced
country.
Article
vessels
including
and
to
persons
the
Allies,
returned
ing, medical services and hygienic
requirements and also with means
of transportation for the return of
such
the
of
slavia, with adequate food, cloth¬
any
By
whose disposal
Bulgaria will immediately release
all Allied prisoners of war and
internees..
Pending further in¬
in
Gammell.
Bulgarian ports, no matter at
in
Government
The
confinement
of the United
ernments
4.
these vessels may
be,
for
the use of the Allied
(Soviet) high command during
the
war
against
Germany
or
their
Agreement
publics,
for the loss caused.
general the terms parallel
imposed
on
Romania
in
.Russia
in the New York "Herald Tri¬
en
Article
persons
Y'
•
.
water and in the air.
Commander
teranean: Lieut. General J. A. H.
Commission.
Control
Allied
the
per¬
territories
permission
the
without
them,
to
or
their
Allied
Kingdom
and
the
Kennan,
American
Charge d'Affaires.
Andrei Y.
missar
of
Vyshinski, Vice-Com¬
Foreign Affairs of the
U. S. S. R.
Sir
Archibald
Clark-Kerr,
British Ambassador.
the
Volume 160
2233
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number. 4335
*
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
0.90s, at a price of 100.403, a basis
of about 0.835%. Due in 1945 to
$26,000
Decatur, Ala.
City
nounces
Joe
Pettey
an-;
the;• city calls for
Clerk
that
payment on Jan. 1, 1945, all new
refunding bonds issued under Or¬
dinance No* 321, adopted on Dec.
For
numbered
1133
to
which
have
paid
off,
been
turing Jan. 1, 1970. Each of said
bonds is a coupon bond of $1,000,
-
York
City,
the
at
or
1955 to
date
any
on
(City of), Conn.
Bond
payable F-A.
Sanitary District,
/
:
Call—The District Clerk
Grove
1, 1945,
4%% series 1936 refunding bonds,
Nos. 43 to 82, aggregating $40,000.
Dated April 1, 1936.
Due Dec. 1,
calls for payment on Dec,
Chicago, III.
reported by 1955. Callable Dec. 1, 1941, or any
Upham, City Comptroller, interest paying date thereafter*
presentation in negotiable
that at the general election the Upon
voters approved the issuance of form to the Northern Trust Co., of
R.
ticipation
160,
—v.
City
Treasurer's office.
to
notes offered Nov. 14
2123—-were awarded
Sachs & Co., New
p.
Goldman,
York, at 0.405% discount.
Dated
15, 1944, and due Oct. 16,
1945.
Other bids: First National
Nov;
1%%; semi-annual Chicago,; said bonds with Dec. 1,
1944 and all subsequent coupons
general obligation electric street
attached
will
be
redeemed
at
lighting bonds.
;
their face value of $1,000 each,
Cook County (P. O. Chicago), III.
plus accrued interest to Dec. 1,
$3,000,000
,
Creditors To Receive Bonds—
0.46%; Harriman
Ripley & Co., Inc., 0.465%; Leavitt The following report is taken
ARKANSAS
from the Chicago "Sun" of Nov. 4,
& Co., 0.467%.
;)%•;
Batesville, Ark.
regarding a coming bond flotation
FLORIDA
Bond Election—The issuance of
by the above county:
V ::
$20,000 airport site bonds will be
The County -Board, in special
Fort Myers, Fla.
, Bank of Boston,
1944.
Interest
accord¬
tion scheduled for Dec. 11,
ing to report.
Hillsborough County (P. O.
Tampa), Fla.
the
issuance
of
At the general
—
519
war
aggregating
verdict
recently
which
'to City Manager Samuel E. Vick- agreed
awards to
Stranahan, Harris &
ers: $2,250,000 bridge/and $2,300,Co., the sum of $108,937, the set¬
000 storm drain bonds.
.;j
tlement previously agreed to by.
;
Ontario, Calif. V'
County Commissioners, amounting
Bond Election Contemplated— to 87% % of the unpaid principal
Adoption of a definite program without interest of $124,500 coun¬
.looking toward the erection of a ty boom-time paving certificates
new Public Library building at an
held by the company, according to
a
lower rate of interest.
was
will bear 2% in¬
1954.
the
year, without success because
had lacked legal approval,
they
.
years ago,
but the plan was aban¬
the
when
doned
the
caused
war
break in the bond market.
plan
original
the
said
a
Mayer
provided for a reduction in inter¬
III.
Post¬
$35,000
community, the above
would
that
rates
est
a year.
about
save
.
Township (P. O. Good
Hope), III.
Sciota
Bonds Voted—At a recent elec¬
tion
an
issue
of $45,000 road im¬
provement bonds was approved.
clear the way for post¬
INDIANA
community of 3,400 Hammond Township (P. O. N***rpopulation is foreclosing on hun¬
tonville), Ind.
dreds of vacant subdivision lots,
Bond Sale
The semi-annual
placing them back on the tax rolls bonds
aggregating $36,000 offered
with at least a portion of back
for sale on Nov. 9—v. 160, p. 1906
taxes
paid up, and attempting —were awarded to the Indian¬
through planning to create a role
apolis Bond & Share Co. of In¬
for the vacant subdivisions in the
dianapolis, according to Trustee
community's
post-war
develop¬
F. 'H. Williamson. The bonds aresmall
—
had been trying to
bonds for more than a
The county
sell
irk
about two
considered
was
realty growth.
The
and will mature in
to
of
Refunding
vestigation.
bonds
Planning—On the theory that
program to
lature last year,
terest
referred
was
Mayor Robert P. Galbraith for
city is rehabilitating its land use
bonds, issuance of which
authorized by the State'Legis¬
and
meeting
Galbraith
ture of the
$2,468,000.
question of refunding was
at a recent City Council
The
raised
vacant, tax-delinquent subdivisiop
lots contribute' nothing to the fu¬
and 1942, to¬
Bond Refunding Bisspecial meeting of the
City Council was held on Nov. R
to consider refunding of the Rock
Island Centennial bridge bonds at
Community Moves Against Va¬
war
approved the
bonds Amount On Paving Certificates—
$4,550,000, according A Circuit Court jury returned an
date
on
cant Subdivisions Hindering
The
following
ceases
La Grange,
;
indebtedness,
The
cash.
of
lieu
tals
Sett 1 ement
Awards
Court
voters
the
the
the
county creditors with bonds in
meeting yesterday, authorized
County Comptroller to pay
accrued during 1941
Long Beach, Calif.
Bonds Voted
$2,800,000 cou¬
refunding bonds of 1944 of¬
16.—v. 160, p. 2123.
pon
election
for the
fered Nov.
CALIFORNIA
-
Sold—No bids were
Bonds Not
submitted
cussed—A
called.
,
submitted to the voters at an elec¬
Rock Island, III,
Bridge
B.
the
Oct.
Dated
m.
ILLINOIS
Note.Sale—The $750,000 tax an¬
either at the Chase National Bank,
New
callable
are
Bond
Corp.
of Alton,
1, 1944.
Legality ap¬
proved by Charles & Trauernkfd:
nicipal
of St. Louis.
Downers
Bonds Voted—It is
dhereon,
interest
maturing in
after 1954. Interest
Co., jointly.-100.069
Stamford
at 104
be paid to bearer
accrued
1959,
livery.
as 2V4S, due on Aug. 1; $5,1955 to 1958, and $6,000 in
Bonds
1959.
.90% Bonds
R. Young &
and
bonds numbered 1182 to 1250, ma¬
•plus
000 in
White, Weld & Cc.—.___-.1.00.168
1139,
bonds
and will
received
Among the other bids
were the following:
■
1116 to 1181, Halsey, Stuart & Co._*-_—100.09
Grunt a i & Co., and Lincoln
1969, except
4, 1939, numbered
maturing Jan.
1,
payment of the agreed price plus
accrued interest to the date of de¬
$4,000 in 1946 to 1951, and $5,000
in 1952 to 1954; the remaining
1955 inch
ALABAMA
.
with bonds was
worked out by Richard J. Daley, ment
program, according to the
divided as follows:
Chief Deputy County Comptroller;
Municipal Finance Officers Asso¬
$18,000 School Township building
Clayton F. Smith, Board Presi¬ ciation.
\
;
bonds. Due on Jan. and July 1,
dent, and Commissioner Daniel
Florida press reports.
Roughly half the taxable prop¬
from July 1, 1945 to Jan. 1,
Ryan; Chairman of the Finance erty in La Grange Park—the Chi¬
No testimony was presented to
1963.
Committee,
the
cago suburb has an area of about
jury but attorneys for the
three square miles—was tax de¬
18,000 Civil Township School Aid
company offered in evidence dep¬ Cook County Forest Preserve Dis¬
bonds. Due on Jan. and July
ositions taken in New York and
trict (P. O. Chicago), III.
linquent when the village board
set up a post-war planning com¬
1, from July 1, 1945 to Jan.
West Palm
Beach pertaining to
Tenders Wanted—District Treas¬
1. 1963.
mittee of 15 in January, 1943. Spe¬
the value and cost of the roads
urer William J. Gormley will re¬
The plan to pay
.
■
estimated
$150,000
of
cost
was
in City Council au¬
thorization of the preparation of
;seen recently
.preliminary plans.
recommendation
On
of the Li¬
author¬
brary Board, the Council
ized the Los
lison and
Angeles firm of Al¬
Rible,
associated with J.
architect,
to prepare at a cost not to ex¬
ceed $1,000 such plans as may be
Dewey Harnish, Ontario
,
constructed
11
about
years
ago
and certificates which were issued
the paving.
The county filed
the resolution providing for the
on
settlement passed by Commission¬
proposed bond issue, ers on recommendation of W. F.
for which a special election will Himes, attorney representing the
county in the case.
d;.""- :
be called at an early date.
The Sate Supreme Court held
The Council resolution specifies
that in event of success of the the county liable in the case for
submitted to the voters in connec¬
with
tion
a
,
issue, the associated archi-/ the value of the labor and material
the contract for furnished in the paving of the
roads in the Forest Hills section
bond
tects are to have
"preparation of complete plans and
specifications and supervision of
construction, with the understand¬
ing that the $1,000 now authorized
shall apply on their 7% fee.
the
which
for
were'
to
issued.V;
.
written
his
In
paving certificates
%v;;.%■;/;
■
Commissioners,
,Mr.
■
Himes
out that the depositions
taken by the company showed the
actual cost of construction was in
pointed
Orange County,
Laurel Elementary
School District (P. O.
V..
.
Offering
Bond
formed
Santa
Ana), Calif.
by
B,
—
excess
We
are
in¬
Smith, County
J.
Clerk, that he will receive sealed
bids until 11 A, M. on Nov. 21,
purchase of $10,00,0
for the
build¬
is not to
Denom¬
$1,000. Dated July 1, 1944.
of 95% of the unpaid prin¬
Hartness, engineer
employed
by
commissioners to
estimate the cost, however, Mr.
Himes explained, set the value at
83,63% of the certificates.
cipal.
ing bonds.
Interest rate
exceed 5%, payable J-J.
ination
July 1, 1969.
Principal
payable at the County
Treasurer's office. The bonds will
Due
on
and interest
be, sold
at not less than par
and
The proceedings
accrued interest.
bonds will
approval
to
for the issuance of said
submitted
be
for
C.
J.
St.
Fla.
Petersburg,
Sale—A syndicate headed
Bond
by Allen & Co.," New .York, pur¬
chased on Nov. 14, as 23,'is, at 98,
a het interest Cost of about 2.86%,
the $18,000,000 refunding bonds
which
cess
offered without suc¬
were
on
two
occasions earlier in
Associated with. Allen
& Co. are Florida National Bank
of Jacksonville. Commerce Union
the
year.
Myers, of Los An¬
their opinion will be
furnished to the successful bidder Bank of Nashville. Leedy Wheeler
& Co., Orlando, Robert Hawkins
without charge.
All bids must
be unconditional.
Enclose a cer¬ & Co.; Boston', Clyde C. Pierce
O'Melveny &
geles,
and
,
tified
check for not less than
3%
value of the bonds bid
for, payable to the County Treasr
of the par
urer.
•
.
These
are
the bonds offered on
Sept. 26, the
sale of which
Corp;,'-*Jacksonville, and Sullivan,
'
Goss
1936, series A and series B
West
on
Palm
July 27 appeared in V. 160, p,
was' 475.
;
IDAHO
amount
in
or.
Conn.
Clerk
that
Bonds
$110,000
Board
River School addition bonds Were
on
Nov.
14 'to,
Higginson Corp. of New
1hp
York,%s
amounts sufficient-
(exclusive
of * accrued
interest
payable under the tenders) to ex¬
haust
the
not
of
sum
exceed
to
$419,000 available for the purchase
of the bonds by the district:
Tenders must
amount and maturity
state the
or maturi¬
ties of and the rate or rates of in¬
terest
payable
the
011
bonds of¬
yield to
maturity on the bonds at the price
at which they are offered and also
fered
and
the
average
cifically, there were 2,200
vacant
IOWA
most of them improved by
streets, curbs, gutters and sewers.
The 2,200 lots were delinquent
lots,
and
more
than $100,000
in
Grange Park's share of general
real estate taxes levied by Cook
La
Some of the unpaid taxes
dated back to 1924, an era of great
Voted
Bonds
Nov. 7
bonds
000
for
The
—
approved
an
voters
post-war county
a
d
hospital project. ./■:
planning committee, after tho¬
rough study, was that the village
board start foreclosure proceed¬
the
against
ings
tax-delinquent
board turned over
lots. Before the
to the
state's attorney's office for court
the
tax
foreclosure
Voted—The
Bonds
the
of
recommendation
;
Charles City, Iowa
speculation.
estate
First
on
issue of. $75,-
county.
real
O.
(P.
County
Audubon), Iowa
special:' assessment
in
$500,000
taxes
Audubon
states that the voters
the
City Clerk,
approved at
general election the issuance
$50,000 airport site bond;*
of
the
by
a
wide margin.
(P. O. Adel), Itttc-
Dallas County
Voted
Bonds
cases
At the Nov.
—
7
general election the voters ap¬
proved the issuance of $50,000 Jail
and
Sheriff's home, construction
however,
buyers
were
of the lots. Com¬
munity officials obtained guaran¬ bonds by a count of 5,471 to 2,892.
tees from prospective buyers that
Ida Grove, Iowa
are offered*
'■ ■, ■;. ■ ■. •; _,\ ■' ;v
they would pay at least a fixed
Bond Sale—The $10,000 semi¬
(b) Tenders stating the highest minimum for the lots besides the
annual hospital bonds offered for
average yield to maturity will be last four
years' unpaid taxes.
sale on Nov. 13—v. 160, p. 2012—
considered the
tenders offering
Meanwhile,,
court
action on were awarded to the Ida County
bonds at the lowest prices.
...
three foreclosures involving 789
State Bank of Ida Grove; as l%s
;(c) Tenders stating a price in lots was started and will be com¬
at a price of 100.65,
a basis <©"<:
dollars
which
exceeds
the par pleted soon.
These lots may be
about 1.16%. Due $1,000 on Nov. 1
value of the bonds offered will sold by the community or held
in 1947 to 1956 inclusive.
not be considered.
^
for
future public purposes.
In
Runner-up in the bidding war
(d) Tenders accepted shall obli¬ this connection, La Grange Park
Paine, Webber, Jackson & Curtis,
gate the district to accept delivery will hold a referendum on the
offering 100.62 for DA % bonds.
of the bonds and to pay therefor question of creating a park dis¬
such amount, plus accrued inter¬ trict for development of recrea¬
Keokuk, Iowa
est to the date of delivery,, as will tional areas; the board also will
Bonds Defeated--The voters re¬
act
on
the committee's recom¬ fused on Nov. 7 to approve an isyield to the district income at the
mendation for building and zon¬ sue of
average, yield stated in such ten¬
$225,000 city hall construc¬
codes designed
to protect tion bonds,
der, but in the event not more ing
v
than the price ill dollars stated property
values and encourage
in such tender.
Mitchell County (P. O. Osage).
post-war construction.
In addition to overcoming the
rIowa
(e) Right is reserved.to reject
all tenders and any tender not tax delinquency problem, objec¬
Bonds Voted—At the Nov. 7
complying with the terms of the tives of the La Grange Park plan election the voters approved t&c
price in dollars (exclusive of
accrued interest)
at which* they
the
action,
found for many
*
•
*
,
Sold
—
It
the
is
stated
by
L,
Fowler- that $65,000
water works
purchase bonds were
Mayor J.
sold; to the First Security > Trust
Co. Of Salt Lake City, as follows:
$39,000 as. 2V2S, due on Aug. 1;
are
notice of call will be rejected.
alternative
or
none
All.
until
or
acceptance of all
of the bonds offered.
tenders tshall remain
11 a.m., on
Delivery
made
submitted in
may be condi¬
be
may
tioned upon the
Hailey, Ida.
Sale—It is sta ted, by 'thp
bonds.
Subject, to the following terms
and conditions, legally acceptable
tenders received, offering bonds at
the lowest prices will be accepted
Tenders
Nor walk,
awarded
of
Report of the failure of
the city to effect sale of the bonds
Beach.
CONNECTICUT
City
of refunding bonds of
a.m.,
■
Nelson ! &
cancelled.
Bond
11
at
(a)
recommendation
27,
ceive sealed tenders until Nov.
on
or
of
firm
must
clouds
be
before Nov. 29, at the
District Treasurer's office against
legal
remove
on
of
obstructions
the title of the va¬
cant real estate,
increase the
value
property in the village
eventually lower taxes.
issuance
Madison
40
and
County School
Bonds Sold—A11 issue
3% working
purchased
District
(P.O. St. Jacob), III.
of $8,000
cash fund bonds was
recently
by
the Mu¬
of
the
$100,000 county
hospital bonds.
New Hampton,
thus
No.
Nov. 27.
;bonds
to
and
Bonds Voted—It
Alvah
at
Griffith,
the Nov.
Iowa
is reported by
City
Clerk, 'that
7 election the voters
approved the issuance of
av>4-
t\
AM
A)O
the $26,-
,
THE COMMERCIAL &
2234
Monday, November 20, 1944
FINANCIAL CHRONICLE
Somerset, lyy.
No. 1," the bridges are across the
Bonds Voted — At the general
Clerk Cumberland River at Burnside,
reports that the voters approved Canton and Smithland; across the election on Nov. 7 the voters ap¬
at the general election the issu¬ Kentucky at Boonesboro and Ty¬ proved the issuance of the $75,000
rone; across the Green at Spottshospital completion bonds by a
ance of the $50,000 airport bonds
ville, and across the Tennessee at wide margin, it is reported.
by a count of 785 to 446,
Eggners Ferry and Paducah. ■
Pottawattamie Co. (P. O. Council
LOUISIANA
It is estimated On the basis of
Bluffs), Iowa
present collection trends that the East Baton Rouge Parish Consol.
Bonds Sold—It is reported that
bridges will produce revenue suf¬
Sch. Dist. No. 1 (P. O. Baton
$28,000 4% semi-annual Drainage ficient to retire all bonds now out¬
Rouge), La.
District bonds were purchased re¬ standing against them by Sept. 30,
Bond Offering—Sealed bids will
cently by the Carleton D. Beh Co. 1945.' '
■'
be received until 10 a.m. on Dec.
of Des Moines. Due $4,000 in 1945
Four other bridges
against
15, by L. Barrow, Secretary of the
to 1951 inclusive.
i'
which bonds are outstanding like¬
School Board, for the purchase of
wise will benefit from the im¬
Washington, Iowa
$3,000,000 construction bonds. , In¬
Bonds Voted—An issue of $45,- proved collections but Highway terest rate is not to exceed 4%,
Department officials were unable
000 airport bonds was approved
payable F-A. Denomination $1,to
say
to what extent.
These 000. Dated Feb.
1, 1945. Due on
by the voters on Nov. 7.
bridges and the amounts of bonds
Feb. 1 in 1946 to 1960. These bonds
outstanding
against
each
are:
KANSAS
were
approved by the voters at
Milton, $460,000; Rockport, $278,an
election held on May 1, 1944.
Ha^s, Kansas
000;
Livermore,
$125,000,
and A certified transcript and the ap¬
Bonds Voted
It is stated by Maysville, $255,000.
Tolls
collected
at
the
eight proving opinion of Chapman &
Virgil A. Basgall, City Clerk, that
Cutler of Chicago, will be fur¬
the voters approved at the general bridges under "Project No. 1" are
nished the successful bidder with¬
election the issuance of $30,000 applicable
to
the
bond
issue
out cost to him, and all bids shall
airport bonds by a count of 1,- against all eight, but the other
be so conditioned. A $30,000 cer¬
separate in¬
Voted—The
Charles
Oakman, City Con¬
troller, that he will receive of¬
ferings until Nov. 21, at 10 A. M.,
(EWT), of Non-Callable bonds in
the sum of not to exceed $206,000
for the City Sinking Fund, Water
Board Division, under the follow¬
ing
conditions:
Offerings
shall
show the purpose, the rate of in¬
terest, date of maturity, dollar
value and the yield. '
Offerings will be accepted on
the basis of the highest net
yield
to the city as computed from the
dollar price as of Nov. 21, 1944.
No bonds maturing beyond Jan.
1,1961, will be accepted.
The
city
bonds
the right, on
which are de¬
reserves
purchased
livered
subsequent
Nov.
to
four are listed under
767.
dividual issues and revenue
KENTUCKY
Allen
County (P. O. Scottsville),
'
Ky.
Bond Offering—Sealed bids will
until
received
be
Dec.
5, by the
County Clerk, for the purchase of
high
semi-annual
3%
:$60,000
school bonds. Due in 20 years.
Ashland, Ky.
Bond Sale—Stein Bros. & Boyce
of Louisville were successful bid¬
for
the
$95,000 2%% school
building revenue refunding bonds
ders
offered
Nov.
14
school
$48,000
bonds.
as
building
Due
15,
April
revenue
as
fol¬
lows:
$3,000 in 1946, $4,000 in
1950, $5,000 in 1951,
$4,000 in 1952, $6,000 in 1953,
$5,000 in 1954, $6,000 in 1955,
and $3,000 in 1956. Subject to
redemption in their inverse
numerical order on any in¬
terest date on or after April
'
1947
No.
1,"
of Sept. 30, 1944, in¬
as
premium and interest to
cluding
1, 1946, was $833,632. Funds
available at the same time totaled
Jan.
$404,843, but only $156,000 will be
due Jan. 1, 1945. The remainder
and accumulated funds will carry
over until the next installment is
due
July
1,
to
and
1945,
likewise
until all bonds reach maturity.
M.
W.
Tinder, director of rec¬
ords in the
follows:
from
applicable only to the
debts against each. ,;4\4
Outstanding
against
"Project
is
each,
Highway Department,
of
average monthly revenue for
"Project No. 1," bridges the first
nine months this year, the bridges
can
be freed by Sept. 30, 1945,
long before all bonds reach ma¬
turity.
The average was $41,961
that
explained
the
on
basis
month.
per
The
to
28,
•'>
Call—L.
Bond
V.
Henson, City
Clerk, calls for payment on Jan.
1945. at 103 and accrued in¬
terest, $64,000 electric light and
power
revenue
refunding bonds
as
follows: Nos. 17 to 50 (234s),
and Nos. 51 to 80 (3s). Dated Jan.
1,
$49,000 water works revenue
refunding bonds sold to the Bank¬
of
Louisville,
shall
exceed
to
1946 to 1970. \ The approving- posed projects had received pre¬
opinion of Chapman & Cutler of vious approval by the Council.
Chicago, will be furnished. A cer¬
The booklet, however, contains
tified check for 5% of the amount the first
comprehensive list of the
bid, payable to the City Treas¬ city's post-war plans for general
in
urer,
is required.
Lafayette Parish (P.
Lafayette), La.
■
Offering
Bond
O.
■
Ellis Dupleix,
Jury, will
sealed bids until
the
for
19
Dec.
on
—
Police
Secretary,
Jr.,
to
offered for sale
the Bank of Benton.
p.
Kentucky (State of)
Bridge
Early
Foreseen
—
It
10 a.m.
purchase of
1943—Net
gasoline tax re¬
as
by
J.
months
earlier
than
wise would have been
other¬
possible.
Covered by. a single bond issue
and
listed
on
Nov.
1
Nov. 14—v. 160,
Cincinnati,
Clark W. C.
according to
Rose.
Dated
Dec.
State Highway
three
on
of
City
announced re¬
Stephen Watkins,
Commissioner, that
greater
funds
made
available
through increased toll bridge col¬
lections
this
year
will
enable
Kentucky to retire bonds against
eight of 12 State toll bridges about
cently
Due
booklet
7.
to
the
Mayor, November
copies of the pro¬
Ten thousand
will be distributed through
schools, civic groups and other
organizations.
gram
The
summarized
report
of the
plan's progress showed that plans
have been completed for $38,241,154
worth
of
projects; $177,281,projects are on
boards, and the bal¬
ance
of
$54,845,383 in contem¬
plated construction has not yet
reached the blueprint stage.
214 in construction
the drawing
Mr.
explained
Emery
that
no
for the projects had
established, largely because
of the question of financing them.
priorities
been
The
contains
also
booklet
no
specific program for Detroit's fu¬
ture transportation.
The Street Railway
Commission
presented no program to the City
Commission, the city's post¬
war transportation problem hav¬
Plan
ing been delegated for solution to
separate Detroit Transportation
Board.
%"•"
a
officially
as
"Project
1, 1944. Due Dec. 1, as fol¬
$2,000 in 1945 to 1949, $3,1950 to 1955, $4,000 in 1956
to 1960, and
$2,000 in 1961. Pro¬
vided, however, that bonds ma¬
turing on and after Dec. 1, 1956,
mission.
a
whole
or
in
part and in the inverse order of
their
maturity, on any interest
payment date at par and accrued
interest,
of par.
plus
a
"premium of 3%
B.
Har-
of
Board
purchase of $32,000 not
exceed
to
6%
interest
school
building addition bonds.
Dated
Nov. 1, 1944.
Coupon form, $1,000 denoms.
Due May 1, as fol¬
lows:
$6,000
from
1946
to
1948
incl. and $7,000 in 1949 and 1950.
Rate of interest to be expressed
in
a multiple of %
of 1%. Principal 'and interest (M-N) payable
at
the
Farmington State Bank,
Farmington.
Bonds will be de¬
livered at a bank in Detroit speci¬
fied by the successful bidder.
A
certified check for
order
to
quired.
of
the
$1,500, payable
district, is re¬
Bids will be conditioned
struction.
Three
are
...
Pittsfield),
Mass.
Bond
ed
on
Provide
facilities
designed to make the city a finer
place in which to live and work.
2. Catch up on
the needed public
Featured
the
in
proposed
the
program
$25,000,000
are:
civic
10
to
the
Merchants
town
Motorway;
the
new
City
National Bank of Boston, as 0.45s,
at
par.
Dated Nov. 1,
1944.
Airport for which land condem¬
Due nation is now under way; the con¬
$20,000 on Nov. 1 in 1945 and 1946.
templated $20,600,000 Wayne Uni¬
versity Medical Center, and ex¬
of recreation, housing,
bonds, tendered pansion
water, health, fire "and
by the First National Bank of Bos¬ sewer,
ton.
police department services.
Second best bid
100.01
on
0.50%
was
an
offer of
of
X
limita¬
the
Section
by
21,
the
Michigan Con¬
stitution and the Michigan Prop>erty Tax Limitation- Act.
The
electors authorized
the
tax
the
at
rate
an
an
increase in
limitation
1945 .to 1949, both
held
election
1944.
*
to
valuation
assessed
years,
5%
for
of
the
inclusive,
on
Oct1 11,
/
rV;-
Michigan (State of)
$16,232,000
Expenditure
Pro¬
for Park Developments-
posed
Michigan
proposes
to spend $16,-
232,000 on a five-year park devel¬
opment program. The plan, draft¬
ed by the state conservation de¬
partment, places especial empha¬
sis on development of the Porcu¬
pine Mountain "forest museum," a
chain
of
southeastern
Michigan
parks, the Warren Dunes park, the
Sterling state park and the Tahquamenon Falls region.
- '
.
The
,
will be submitted
to the state planning, commission
before it goes to the legislature fog
consideration
along
with
other
post-war financing measures, the
American Society Of Planning Of¬
ficials reports.'V':-/:,
program
One feature of the
plan is
a
$3,-
840,000 proposed expenditure for
park access highways.
Largest
single park expenditure planned is
$3,016,000 for the large Sterling
state park which will be designed
to attract persons from all parts
of southeastern Michigan.
.
is asked
Porcupine Mountain park,
Second largest amount
for the
which is still in the process of ac¬
quisition. Included in that project
$1,500,000 for an access high¬
$500,000 for interior drives;
$100,000 for winter sports devel¬
opment; $25,000 for foot trails;
$30,000 for construction of tent
and trailer
camping areas; and
$70,000 for tourist lodgings.
are
way;
•
additional
$40,000 issue of center; the John C. Lodge Ex¬
loan bonds was award¬ pressway and the Detroit Cross-'
Nov.
prescribed
Article
1
Sale—A
emergency
tion
objectives of the program
outlined as:
1.
within
terest thereon
pleted, $15,250,000 represents the
Douglas
and Jefferies housing
projects completed a year ago,
and $15,786,500 in Department of
Public Works projects, most of
which are for new street con¬
sary.
000 in
as
22 for the
$38,241,154 in projects for
which blueprints have been com¬
period of industrial reconversion
to peacetime production if neces¬
MASSACHUSETTS
Berkshire County (P. O.
lows:
shall be callable
of
will -receive
sealed
bids until 8 p.m. (EST) on Nov.
Of the
year, as
2124—were awarded to Pohl &
Co.
Retirement
Bond
was
2.74%.
Secretary
Education,
City Planner George F. Emery
presented the first copies of the
October Gas Tax Collections Up
Over
%/:%:,■
circulation.
against $696,848.26 for the construction which was postponed
from 1945 to 1969 inclusive.
the depression and the
same
month in 1943, and $745,- during
V
;1, 1943.
Denom. $1,000.
Due on
724.43 in October, 1942, according war. '
Owenton, Ky.
Jan.
1
from
1946 to 1955 incl.
to William A, Codd, Chief Audi¬
3. Provide worthwhile employ¬
Bond Sale—The $50,000 water
Bonds with all unmatured cou¬
tor of the Department of Public ment for returning service men
revenue
refunding bonds Works of the State Roads Com¬
pons attached should be presented works
and
war
workers
during
the
about
of
Offering—Helen
firm
remain
bonds. Interest rate is 15 municipal departments, and
6%, payable J-J. outlined in a new booklet entitled
Denomination $1,000, one for $500. "Your Detroit—A Finer City in
Dated Jan. 1, 1945. Due on Jan. 1 Which to Live and Work," the pro¬
not
ceipts and Commissioner of Mo¬
3s, tor Vehicles income for the State
as
noted here—v, 160, p. 2124— of
Maryland totaled $922,945.62
were purchased by the said com¬
for the month of October, 1944,
fourth month of
the fiscal
pany at a price of 103.00, a basis the
Bond Co.
ers
up
Bond
tenstein,
upon
-
the
interest
refunding
possible 10% reduction in revenue $385,000 not to exceed 4% interest
in coming months,
If the average
public improvement bonds.
In¬
15, 1950, at par and accrued
is maintained, funds sufficient to
terest J-J.
Dated Jan. 1,1945. De¬
interest, plus 14 of 1% for
free the spans will be available nomination
each year or fraction thereof
$1,000.
Due Jan. 1,
about August 31.
1947 to 1965.
These bonds were
in advance of stated maturity.
Collections for first 10 months
authorized at the general election
47,000 school building revenue of the calendar year for all 12
on Nov. 7, and are payable from
bonds. Due Dec. 1, as follows:
State toll bridges totaled $664,181
unlimited ad valorem taxes.
The
$2,000 in 1945 to 1948, $3,000 as compared with $570,550 col¬
approving opinion of B. A. Camp¬
in 1949 to 1951, $4,000 in 1952,
lected during the same 10 months
bell, of New Orleans, and the
$3,000 in 1953, $4,000 in 1954, last year, an increase of $93,631'.
transcript of record
as
passed
$5,000 in 1955, $4,000 in 1956, The improvement was attributed
upon will be furnished the pur¬
$5,000 in 1957, $4,000 in 1958, by Mr. Watkins to efficiencies and
chaser without cost to him.
En¬
and $1,000 in 1959. Subject to
"a better job of collecting by new
close a certified check for $7,500,
redemption in their inverse collectors."
payable to the parish.
numerical order on any in¬
Monroe County (P. O. T ompkinsterest date on or after Dec. 1,
MAINE
ville), Ky.
1949, at par and accrued in¬
Bond Offering—Sealed bids will
Maine (State- of)
terest, plus 14 of 1% for each
be received until 11 a.m. (CWT),
Report cn October Gas Tax Col¬
year or fraction thereof in ad¬
on Dec. 11, by S. J. Moore, County
vance of stated maturity.
lections—During the month of Oc¬
Court Clerk, for the purchase of
^
tober, the State Of Maine collected
Dated Dec. 1, 1944. Denomina¬
$43,000 3Vz%
refunding bonds. $401,199.46 in gas taxes, or 1.34%
tion $1,000. Principal and interest
Denomination $1,000. Dated Dec. less tan in
October, 1943, accord¬
payable at the City Treasurer's
15, 1944. Due on June 15 as fol¬ ing to R. W. Carter, Chief Ac¬
-ofifce. Said bonds are issued pur¬
lows: $1,000 in 1946 to 1950; $2,- countant for the State Highway
suant to Sections 162.150 through
000, 1951 to "1954, and $3,000 in Commission at Augusta.
162.280 of Kentucky Revised Sta¬
1955 to 1964. Principal and inter¬
Motor vehicle
fees collections
tutes for the purpose of refund¬
est (J-D) payable at the Citizens
for October, 1944, were $40,421.65,
ing outstanding School Building
Fidelity Bank & Trust Co., Louis¬ a decrease of 26.31% from collec¬
Revenue bonds of the City dated
ville.
A $1,000 certified check tions for
October, 1943.
April 15, 1943 and June 1, 1943. must
accompany each bid.
The City will furnish the bonds
MARYLAND
New Castle, Ky.
and the legal approving opinion
Price Paid—It is nOw reported
Maryland (State of)
of Stites & Stites, of Louisville.
by W. L. Morris, City Clerk, that
pay
Offerings
*
Benton, Ky.
to
(P. O.
Farmington), Mich.
the unqualified opinion of
Miller, Canfield, Paddock & Stone
until 1:00 P. M. (EWT), of the
of Detroit approving legality of
following day.
y,...,
the bonds.
District will pay for
tified check, payable to the Treas¬
Mayor Submits Post-War Pro¬ legal opinion and cost of printing
urer of the School Board, must ac¬
the bonds.
The bonds will be the
gram—Mayor Jeffries laid before
company each bid.
the City Common council on Nov. general obligation of the school
Lafayette, La.
•
8, Detroit's contemplated $270,- district, which is authorized and
Bond Offering—Sealed bids will 376,751 program of post-war pub¬ required by law to levy upon all
lic improvements, in various stages the taxable property therein such
be received until 11 a.m. on Dec.
ad valorem taxes as' may be nec¬
5, by Curtis A. Rodemacher, City of preparation.
Classified as to sponsorship by essary to pay the bonds and in¬
Clerk, for the purchase of $47,500
receive
freeing date allowed for a
accrued
that date only.
1944,
District No. 5
G.
—
073 to
Townships
Detroit, Mich.
Tenders Invited—It is stated by
City
Livonia and Redford
Fractional School
Farmington,
MICHIGAN
Onawa, Iowa
Bonds
-
An
expenditure of $1,745,000 in
Dunes park
would inr
Warren
elude
two
$85,000 bath houses, a
and
cafeteria
other
numerous
buildings. Also planned is a $l,-
expenditure on the Tahr
Falls park, which is
virtually undeveloped. This would
383,000
quamenon
include tourist housing accommo¬
dations.
%
*
•
V
costing $500,000 are
planned in the development proj¬
Highways
ect
for
southeastern
parks.
Th<?
includes $310,000 for de¬
veloping 10 to 15 picnic areas in
the region, $410,000 for bathing
and beach development, $330,000
program
for
tent
and
trailer
accommoda¬
$250,000 for parkways and
parking areas and $200,000 for
grading and filling.
\
tions,
major expendi¬
$500,000 for
the Port Huron park; $638,500 for
the Bay City park; $655,000 for
other
proposed
Among
tures
are
THE COMMERCIAL &
Number 4335
Volume 160
and $477,000 for on $30,000 not to exceed 3% street
the Muskegon park. Several other improvement orders. Interest J-D.
Denomina¬
areas wilL receive appropriations Dated Dec. 15, 1944.
Due $10,000 Dec. 15,
\for smaller park developments if tion $1,000.
1945 to 1947.
Issued under au¬
the plan is approved.
thority of Chapter 382, Laws of
Troy Towtiship School District
Minnesota, 1903.
The approving
'
No. 7, Mich.
opinion
of Dorsey, Colman,
Certificates Called
Erheline
Barker, Scott & Barber, of Minne¬
Isenbarger,
District
Secretary, apolis, will be furnished the pur¬
calls for payhient on April 1, 1945, chaser.
at par, all outstanding 1937 Cer¬
Yellow Medicine County (P. O.
tificates
of
indebtedness,
dated
the Algonac park
•
County (P, O. Thompson surplus funds accumulated by clelinquent tax' settlements, accord¬
Falls), Mont.
Bonds Voted -- At the general ing to Mayor Mario S. D'Acierno,
Sanders
National
Manufacturers'
Bond
on Nov. 7 the issuance of who presided and cited the finan¬
$40,000 hospital bonds Was ap¬ cial improvement of the Borongh.
The Mayor pointed out Borough
proved by a count of 1,122 to 403,
according to Cecilia M. Krier, officials are planning to pay off
another $4,000 in school bonds in
County Clerk and Recorder.
;
:;;
;%v
Douglas* Coiitity Independent Con¬
solidated School District No. 2
'
receive
—
p.m. on Nov. 30 for the purchase
of $86,000 hot to exceed 2% in¬
Dated
bonds.
refunding
terest
Denom. $1,000.
Nov. 1, 1944.
terest M-N.
In¬
1, as fol¬
Due Nov.
$5,000 in 1947 to 1962, and
lows:
er
John j. Buckley states that the
issued
that
the
as
no
Bor¬
ough will finance the amount of
against property
owners.
Beach, N. J.
Exchanged—It is stated
Monmouth
Bonds
Joseph J. Seaman, Borough
that $325,000 2% general
refunding bonds have been ex¬
changed with the State at par, for
by
He Auditor,
due.
Glen Rock, N. J.
be
states
assessments
;
Nov. 28 voters approved at the November
Bond Sale—The $70,000 coupon
for the purchase of $95,000 not election the issuance of $125,000
to exceed 2%
ihterest refunding not to exceed 6% hospital bonds or registered semi-annual sewer
of 1944 bonds offered for sale on
bonds. Dated Nov. 1, 1944. Inter¬ by a wide margin.
•
Nov,
13—V. 160, p. 2013—were
est J-J. Denomination $1,000. Due
nebraska
awarded to the Fair Lawn-RadJuly 1, as follows: $25,000 in 1946
burn Trust Co. of Fair Lawn, as
to 1948, and $20,000 in 1949. Bonds
Auburn, Neb,
0.90s, at a price of 100.125, a basis
to bear a single rate of interest.
Refunding of Revenue Bonds
of about 0.875%.
Dated Nov. 1,
Principal and interest payable at -Authorized—It is reported that on
1944.
Due $7,000 from Nov.
1,
such place as the bidder design Oct. 26 the City Council and mem¬
nates.
All bids must be uncondi¬ bers of the Board of Public Works 1.945 to 1954 inclusive.
Among the other bids were the
tional except as to legality which met in a joint session, for the pur¬
may
be made conditional upon pose of going over the problems following:
Rate Bid
the legal opinion of Dorsey, Col¬ of refunding revenue bonds of the Bidder
man, Barker, Scott & Barber, of municipality-owned electric light
Baland, Saffin & Co-.,
Minneapolis, whose opinion must and power generating plant and
For Is
100.083
be accepted by the purchaser. En¬ distributing
system. ■ The
two Prospect Park National Bank,
close a certified check for $2,000,
Prospect Park,
groups
entered into a contract
,
District Clerk
sealed bids until 2
Offering
Bond
will
Alexandria), Mihn.
O.
(P.
•
$4,000 of the issue still
will
bonds
Same time the
said officials expect to save more
voters turned down the proposal
than $700 each year by their ac¬
to issue $95,000 court house bonds.
tion
in
closing the Chesilhurst
Toole County (P. O. Shelby), Mont. School and sending local children
Bonds Voted—County Treasur¬ to Waterford Township schools.
at the
Ball
S.
Treasurer
and
Collector
Charles
which will leave
the current year,
sealed bids until 2 p.m. on
imme¬
'
minnesota
Bonds Defeated—Miss Krier re-
potts that
receive
will
Auditor,
of County-
Bank
for
time
Detroit^ at any
diate payment.
Falls), Minn.
^
Offering—G. H. Wilson,
Granite
Oct, 1, 1937 and due Oct. 1, 1947,
Certificates to be delivered to the
] ough
election
•
s.
2235
FINANCIAL CHRONICLE
a
like amount of
4J/2% bonds. De¬
$1,000. Dated Nov. 1,
1943. Principal and interest (J-D)
nomination
payable at the Long Branch Trust
Co., Long Branch.
Township (P. O. Union),
Union
J.
N.
Sale—The
Bond
$212,000
cou¬
registered semi-ann. (noncallable)
public
improvement
bonds offered for sale on Nov, 14
pon or
160,
—v.
1909—were awarded
& Co., of New
p.
to B, J. Van Ingen
Co.
1.60s, at a
price of 100.129, a basis of about
1.585%. Dated Nov. 1, 1944. Due
York, and MacBride, Miller &
Newark, jointly,
of
Nov.
on
1,
1945
from
as
follows: $10,000
1951; $15,000, 1952
as
to
to
$6,000 in 1963. All bonds matur¬
1960, all incl., and $7,000 in
1961..
ing on Nov, 1, 1955 and thereafter
to be callable at par on NoV. 1,
Other bids were listed as fol¬
For 1.10s
—100.143
payable to the County Treasurer. with O. F. Neal who has agreed
1954 and on any interest payment
lows:
'
v';
to
take
up
the bonds, re-issue H. L. Allen & Co.,
Mississippi
.
date thereafter. All bids must be
For 1.20s
them' upon the specified option
100.17
For Noil-Callable Bonds
unconditional except as to legal¬
date of Nov. 15, 1945, at an inter¬
JacksonMiss,
Dover Township (P. O. Toms
Halsey, Stuart & Co.,
ity
which may be conditional
The
City Found in Sound Financial est bearing rate of lxk%.
For l%s
100.366
4'River), N. J.
upon the legal opinion of Dorsey,
Condition-—The preliminary re¬ new contract states that the city
Colman, Barker, Scott & Barber,
Bond Sale—The $47,000 coupon Bolaiid, Saffin & Co.,
port on the annual audit of the has at the present time bonds
For l%s
—100.067
6f
Minneapolis, whose opinion
or
registered semi-ann. land ac¬
city's accounts submitted to the dated the 15th of November, 1938,
J. S. Rippel & Co.,
must
be accepted
by the purquisition bonds offered for sale
City Commission shows the finan¬ and due, serially, the 15th day of
H. L. Allen & Co., and
Chaser.
Enclose a certified check
on Nov.- 14—v. 160, p. 2013—were
cial condition, with a surplus in November, 1959, with all becom¬
for $1,600, payable to the District
awarded
to
the
First
National Minsch, Monell & Co.,
all funds on hand of $376,433.82 ing optional on Nov. 15, of 1945.
.
—
■
.
j (yAY;>T,
Treasurer,
to
It
Bond Sale—The issue of $55,000
refunding bonds offered Nov.
—v,
160,
p.
13
2125—was awarded to
Allison-Williams Co. of Minneap¬
-
-V
-
The bonds
■
city's bonds were
$583,100
retired of
of
L
a
about
Pipestone^ Minn.
;
City Clerk,
Dec.
that he will receive bids until
4, for the purchase of $30,000 air¬
port ; bOnds, J approved
by. the
voters at the general election on
Nov. 7, by a wide
margin. Interest
exceed 2%, payable,
rate is not; to.
semi-annually. Dated Dec. 1, 1944.
i947 to 1951 inclu¬
Due $6,000 in
sive^
.
'
Bond
Offering
1
1948
from
and
called
bond' issue election be
elected to
voters
the
for same,
vote
sue
a
the city could is¬
$4,846,and stay Within
at this date a total of
966.85
bonds
in
—
F. B. Forbes,:
will
1962
to-
McComb, Miss.
"
receive sealed
bids until 8 p.m. on Dec. 4 for the
purchase Of $30,000 municipal air¬
port bonds.
Dated Jan. 1, 1945.
Denom. $1)000. Due $2,000 ort Jan.
Clerk).?
re¬
the legal debt limit.
RedwOod■ Falls, Minni
City
Should
Bonds Voted—At ah election on
Nov. 3 the voters approved
of
basis of about 2.16%.
up
soon
as
materials
as
are
■
the
bonds shall mature
according
foregoing Schedule all with¬
out option of prior -payment, or
Whether tlie bonds maturing after
to the
subject to
and accrued
interest at the option of the City
Council, on any interest payment
date thereafter. Bidders may sub¬
mit bids Oh either or both bases.
Jan:
1950
1,
redemption
shall
at
be
par
Principal and interest payable at
the Northwestern " National Bank
of Minneapolis. The city will fur¬
the
approving opinion of
nish;
Dorsey,
Colman, Barker,
Scott &
Barber, of Minneapolis.... All bids
must be unconditional.
Enclose a
certified check for 5% of amount
bid, payable
Treasurer.
to Cleo Lang, City
;
St. Louis Park,
Minn.
Bond Offering
—Joseph Justad,
Village Clerk,
will: receive sealed bids until 8
p.m. on Nov. 27 for the purchase
of $6,0.00 not to exceed 4% inter¬
est
certificates
of indebtedness.
Dated Dec. 1, 1944.
Interest J-D.
Denomination $500.
Due $1,500
Dec. 1, 1946 to 1949.
Mr.
Justad
will also . receive
sealed bids until Dec. ll; at 8 p.mf,
Certificate
And
.
Dated Nov.
1*
received available. The old high school
building was totally destroyed by
the City Council will determine
fire a year ago.
*
; ■
y
the rate of interest the bonds shall
Pike County (P. O. Magnolia),
bear and will determine Whether
Consideration of the bids
Miss.
'/y;
.
issue
of
bonds
has
been
approved
.
.
—
as
to
legality by Charles & Trauernicht
of St. Louis, Mo. Dated Oct. 15,
1944.
Vicksburg, Miss.
Bonds Sold—An issue of $100,-
refunding bonds was pur¬
recently by Kingsbury &
Alvis of New Orleans, and J, &
000
chased
Co.
of, Jackson, jointly, as
100.08, a basis of about
1.19%.
Due Dec. 1, as follows:
$7,000 from
1945 to 1949 incl.;
$10,000 in 1950 and 1951, and $15,000 from 1952 to 1954 incl.
Le¬
Love
L20s, at
gality to be approved by Wood,
Hoffman, King & Dawson of New;,
York City.
MONTANA
Gallatin County (P.
Mont.
O. Bateman);
Bonds Voted—It is
bid
was
an
■.;%
offer
Bond
Offering
—
jointly,
For
Bank, Union,
reported by
County Treasurer C. A. MacKenzie that the voters approved at the
general; .election the issuance of
$132,000 not to exceed 2Vz% air¬
field bonds by a majority of about
three to one...
*
~
•••■
accepted
being
those
first
ma¬
Tripp & Co., jointly-L114-100.39
100.13
1.85s
For
Deventer Bros., Inc.,
Vail
_100.01
1.90s
For
'
For Callable Bonds
Ingen & Co., and
Associate,
For ,1.70s
C.
cept for the amount bid the least
amount of bonds, the bonds to be
____100.20
1.85s
Union Center National
B. J. Van
Dorothy
turing, and if two or more bidders
1954; $30,000, 1955; $35,000 Jroni offer to accept the same least
1956 to 1958 incl. and $40,000 in
amount, then to the bidder offer¬
1959.
Other bids:
ing to pay therefor the highest
Bidder
Rate Bid
price.
The purchaser must also
>
pay an amount equal to the in¬
For 120% Bonds
terest on the bonds accrued from
Bam bo, Keen, Close & Kerner,
the last payment date to the date
Newburger & llano, and
of payment of the purchase price.
Fox, Reusch & Co., jointly.100.397
In the event that prior to the de¬
W. H. Newbold's Son & Co.,
livery of the bonds the income
Butcher & Sherrerd, and
received by private holders from
Stroud & Co., jointly.^—__100.324
bonds of the same type and char¬
Halsey, Stuart & Co.^
100.319
acter
shall
be
taxable by the
Fof 2'4% Bonds
terms of any Federal income tax
Braun, Bosworth & Co., Inc.,
law, the successful bidder may, at
Julius A. Rippel, Inc., and
his election, be relieved of his
'
All
$47,253.30 1%% funding
Bditd Legality Appfdved
best
iy''.-
county
1944 and due Nov. 1, as fol¬
school by a count of 1,142 to 48. lows:
$5,000 in 1950; $15,000 in
1951 and 1952; $20,000, 1953 and
The school will be erected, it is
After said,
incl.
the is¬
to $300,000 bonds
for the construction of a new high
suance
%
proposal to issue $146,Scheck, Borough Clerk, will re¬
hospital bonds failed
ceive
sealed bids
until 8 p.m.
to receive thC required 60% ma¬
(EWT) on Nov. 24 for the pur¬
jority, it is reported.
:
chase of $45,000 3% %; coupon or
North Platte, Neb.
registered
refunding
bonds
of
Dated July 1, 1944.
Inter¬
Bonds Voted—An issue of $61,- 1944.
est J-J. Denomination $1,000. Due
000 swimming pool bonds Was ap¬
July 1, as follows; $7,000 in 1945,
proved by the voters on Nov. 7.
$10,000 in 1946, $15,000 ill 1947,
new jersey
and $13,000 iii 1948. Principal and
interest payable in lawful money
Camden, N. J.
at
the ;■ Ventiior
City National
Bond Sale—The $250,000 cou¬
Bank, Ventnor City.
Each pro¬
pon or registered series E refund¬ posal must State the amount bid
ing bonds offered Nov. 15—v. 160* for the bonds, which shall be not
p. 1788—were awarded to Charles less thaii $45,000 nor mote than
Clark & Co. and Graham, Parsons
$46,000.
The bonds Will be sold
& Co., both of New York, jointly* to the bidder
complying with the
as
2.20s, at a price of 100.399, a terms of sale and offering to ac¬
000
the paying off of $223,bonds
during / the
months of October, November and
December, which will leave a total
of
$4,817,380.22 in bonds out¬
standing on Jari. 1, 1945.
*
River, as 2s, pay¬
Long port, N. J,
general
election thd
in
000,000
Neb.
Bonds Defeated—At the
duced by
Bond Offering —It is stated by
W. J. Madkay, Acting
still further
be
Toms
cording to report.:;,:';;-";;-':'.'. by Boland, Saffin & Co.* of 100.51
for 2.10% bonds.
Dodge County (P. O. Fremont),
$3,739,204.30.
will
of
port bonds were approved by the incl.
voters at the general election, ac¬
Second
paid off during the last fiscal year
and the total bonded debt charge¬
able to the legal debt limit is only
amount
Bank
ing a price of 100.216, a basis of
Blair, Neb,
% about 1.98%.
Dated Nov. 1, 1944.
Voted—The $15,000 air¬ Due on Nov. 1 in 1945 to 1964
1.20s, at
as
basis
a
Bonds
v
The total bonded debt of the
price of 100.45,
incuding
schools,
water
1.12%., Dated city,
Nov. 1, 1944 and due July 1, as works, etc., Which are not charge¬
follows: $5)000 from 1946 to 1954 able to the legal debt limit was
$5,040,380.22
on
Oct, 1. This
incl. and $10)000 in 1955. <
olis*
amount to $292,000.
'
also learned that
was
of the
Willmar), Minn.
v
bjegin the new fiscal year in
October.
Kandiyohi County Independent
School District No. 47 (P, O.
•
100.129
Halsey, Stuart & Co.,
For
100.137
l%s
Boland, Saffin & Co,
S.
100.101
1.80s
Fof
j,
,
itippel & Co, and
Associates,
100.02
For/ 1.85s
Union Center National
Bank, Union,
For
100.00
1.85s
Wayne Township (P. O. Mountain
View), N. J.
'
Bonds Defeated—At the general
election
Nov. 7 the proposal to
on
issue $110,000 water
failed to carry,
system bonds
reports the Town¬
ship Clerk.
new york
Greece,
Ext.
Ridge
No.
Read
2
Road Water Dist.
O. 2505 Ridge *
(P.
West, Rochester), N. Y.
Boiid Sale—The $39,000 coupon
registered semi-annual water
supply system bonds offered for
sale on Nov. 14—V. 160, p. 2014—
Were awarded to Charles E. Weigold & Co. of New York, as 1.70s,
paying a price of 100.431, a basis
or
of
about
1944.
1.65%.
Due
on
Dated
Oct.
1,
April 1 in 1945 to
1964 inclusive.
Among the other bids were the
following:
Rate Bid
Bidder
For
1.70% Bonds
Newburger, Loeb &
Co
: 100.411
obligations under the contract to Marine TrUst Co, Buffalo-100.216
B, J. Van Ingen *& Co., and
purchase the bonds and in such
For 1-H% Bonds
Commerce Union Bank,
case the deposit accompanying his
Commerce Union Bank,
;
The suc¬
Nashville, jointly.—--__100.129 bid will be returned.
Nashville
100.18
E. H. Rollins & Sons;
cessful bidder will be furnished
II. L. Allen & Co.,
with
the
opinion
of Hawkins, Sage, Rutty & Co.___^—__100.10
Delafield & Longfellow, of New
Mmsch, Monell & Co., and
New York (City of), N. Y
J. S. Rippel & Co.* jointly._100.101 York, that the bonds are valid
Self-Sustainihg
Subway
Fare
and legally binding obligations of
For P/2% Bonds
Sought; Illustrated Pamphlet Is¬
the Borough.
Enclose a certified sued—The Citizens' Transit Com¬
M. M.. Freeman & Co
100.311
check
for $900, payable to the
mittee of NeW York City is draft¬
Chesilhurst (Borough of); N. J.
Borough.
ing legislation to establish a Tran¬
Paid Bonds Burned—A total of
sit Authority with power to reha¬
Merchantville, N. J.
$15,700 bonds were burned ort
bilitate the subways and .charge a
Paving Bond Issuance Not Con¬
Nov. 9 by Borough officials;
The
self-sustaining fare. This bill will
securities
destroyed represented templated — In connection with
be introduced in the Legislature
$10,000 of Borough bonds not due our report—V. 160, p. 1909—that
until ! 1967;
$4,000
of
overdue an ordinance had been passed by shortly after it convenes in Jan¬
school bonds, and $1,700 in a tax the Borough Council calling for uary.
In
connection
with
its
an¬
anticipation note
held by the the'issuance of hot exceeding 6%,
State
Teachers'
Pension Fund; $46,515 PaVihg bonds and $5,970 nouncement, the Committee has
Assessment : bonds, Bor¬ completed for distribution an ilThe obligations were paid out of Paving
Monday, November 20, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
,1236.
:
New York (State of) ■
uary, 1939, and again in 1941, the of any Federal income tax law,
— "The
Sub¬ the offering to C. J. Devine & Co.,
Attorney General Rules on Sav¬ Banking Board added to the 'legal the successful bidder may, at his
York''—explaining New York City, at ' a price of
ings Bank Investments—Attorney list' debentures of American Tele¬ election, be relieved of his obliga¬
lis plan
and outlining the im¬ 116.45, and $6,900,000 to the Chase
and Telegraph . Company tions under the: contract to pur¬
National Bank, New York, and General Nathaniel L. Goldstein, phone
provements which it recommends.
chase the bonds and in such case
.Custrated pamphlet
New
of
ways
The
Committee
seeks
mod¬
to
Bank
of
America
National Trust
of
New
York, has ruled that the
Association of San New York State Banking Board
may permit savings banks to inways
on
a
pay-as-you-go basis, Francisco, jointly, at a price of
L ;';-v west in municipal and corporation
thus avoiding the delay, due to 120.67.
bonds, even though such bonds do
waiting for capital funds, as the
The issues purchased by C. J.
not meet the statutory tests pro¬
city's borrowing power will not be Devine & Co., are as follows:
vided.
The decision was made at
more than $350 million by
1949,
$137,000 4J/4% Serial bonds, due the request of Elliott V. Bell,
-and the city's announced post-war
Jan. 10, 1946.
v
State Superintendent of Banks. 4
capital outlay program for other
86,000 4% Corporate stock, due
Mr.
Goldstein quoted Section
projects is in excess of $1 billion.
tTcin 1
1947
14-1-f of the 1938 Banking Law,
The Citizens' Transit Commit¬
137,000 4J/4% Serial bonds, due which gave the Banking Board
tee states that since the Mayor has
Jan. 1, 1947.
"
power, by a three-fifths vote, "to
publicly admitted that the city is
137,000 414% Serial bonds, due authorize savings banks to invest
at the end of the road so far as
Jan. 10, 1948.
,."-7
A-'"A! in corporate interest-bearing se¬
financing subway deficits out of
52,000 414% Serial- bonds, due curities not otherwise eligible for
its present income is concerned
June 1, 1948.
investment, providing application
and additional funds must be pro¬
105,000 414% Serial bonds, due for such authorization shall have
vided before the next budget is
.Nov. 15, 1948.
.V
,
been made by not less than ,20
adopted, the question now is sole¬
78,000 414% Serial bonds, due
savings banks or by a trust com¬
ly one of method as to whether a
Dec. 30, 1948.
pany, all of the capital stock of
self-sustaining fare shall be
137,000 4J/4% Serial bonds, due which is owned by not less than
charged, as proposed by the Com¬
Jan. 10, 1949.
20 savings banks.
4 '
mittee, or tne deficit made up by
70,000 41/4%. Serial bonds, due
"Section 235 of the Banking
a special tax, such as the tax on
June 1, 1949.
Law,"
continued
the Attorney
tenants
and
non-residents
em¬
845,000 414% Corporate stock,
General, "enumerates the prop¬
ployed in the city, proposed by the
due June .1, 1949.
erty and securities in which a sav¬
Mayor last Summer.
■/
1
;
130,000 414% Serial bonds, due
ings bank may invest. In the case
The Committee's legislation will
Nov. 15, 1949.
of municipal corporations of this
be a permissive measure, subject
343,000 41/4% Serial bonds, due
State it expressly requires that
to the city's approval by local law.
Jan. 1, 1950.
the full faith and credit of the
The
Mayor
stated
his plan
912,000 414% Serial bonds, due
corporation or district be pledged
would raise an estimated $50 mil¬
June 1, 1950.
for the payment of the obligations,
lion, which is approximately what
150,000 4 J/4 % Serial bonds, due and in the case of municipalities
ernize
sub¬
the
rehabilitate
and
&
Savings
-
.
.
•'
few years
the deficit will be in a
and, therefore, would leave little
or nothing for subway rehabilita¬
tion and improved service.
The
Citizens' Transit Committee's plan
would raise enough in
the deficit to finance a
addition to
rehabilita¬
other
and
which
tests of
Paragraph 235 in that they
mortgage obligations.
"It would
the
be
statute
investment
as
in
the
non-mortgage
utility companies,
done, or in unsecured
obligations
it
inter¬
giving the
strange to
Board power to permit
Banking
as
the
meet
not
not
were
pret
companies
specific
telephone
did
of
has
debentures
of
industrial
compa¬
accompanying his bid
The approving
the deposit
will
returned.
be
opinion of Vandewater, Sykes &
Galloway, of New York, will be
furnished to the purchaser with¬
out cost. Enclose a certified check
$1,340, payable to the City.
for
York Authority, N. Y.
Port of New
Appeal
To
Government
Tax-
Exempt Decision ~ The Solicitor:
General of the United States has
nies, which it has also done re¬
peatedly, and yet to deny it the authorized that the United States'
power to render legal for invest¬
Supreme Court be petitioned to
which
review
decisions of the United
under the States Tax Court and the Federalsupervision of the Interstate Com¬ Circuit Court of Appeals in New
railroads
of
bonds
ment
have been reorganized
Commission
merce
culated
to
on
provide
a
basis cal¬
ample cover¬
York, both of which ruled in favor
of the Port Authority in action
of fixed charges even in fu¬
age
ture depressions.
.
..
.
'
"I have considered the question
taken
Revenue
Internal
the
by
Department to have bonds of .the
Authority
and
the
Triborough
municipal. securities Bridge Authority declared subjectthe term 'corporate to Federal taxation.
The govern¬
interest-bearing obligations.' The ment's decision to take the case
whether
within
come
particular
language
quoted
nation's
highest tri¬
unexpected, as it
that neither preferred nor com¬ involves the principle of the con¬
mon
stocks
might be approved stitutional immunity of tax-ex¬
for investment, but it is not re-, empt
status - of State and mu¬
stricted to any particular type of nicipal bonds.
..v.,:
:. r
<
corporation.
Municipalities
are
referred to in Paragraph 235 as |
Rome, N. Y.
'municipal corporations' or as an !■■ Treasurer Publishes City Bond
Nov.. 15, 1950.:. v/y/.vCv;/./'/
outside the State it imposes ex¬
Table — A breakdown of Rome's
'incorporated municipality.' I see
343,000 414% Serial bonds, due
press
conditions respecting • the no reason to believe that the Leg¬ bonded debt with the payments
Jan. 10, 1951.
population of the issuing munici¬ islature intended to exclude their due each year and interest on
912,000 414% Serial bonds, due
pality, its record for prompt pay¬ securities from the scope of the these same accounts has been pre¬
June 1, 1951.
ment
of
indebtedness over
25
pared by City Treasurer John W.
Banking Board's power.
.//:
25,000 3J4% Corporate stock, due
years/ and the relation of debt
Hughes
for
Mayor
John
C.
"To summarize, it is my opin¬
/
NOV. 1, 1951.
,
to assessed valuation.
Schantz.
ion that the securities or obliga¬
150,000 414% Serial bonds, due
"In the case of railroad secur¬
Accompanying the tables there
Nov. 15, 1951.
tions in which the Banking Board
is a memorandum from the treas¬
ities it requires a specified record
510,000 4% Corporate stock, due
may authorize investment under
urer in which he says: "I sincerely
of
earnings, dividend payments
Jan. 1, 1952.
Banking Law Paragraph 14, upon
believe that the subject of city
and non-defaults, etc.
In the case
343,000 414% Serial bonds, due
proper application, and in which
debt is of such vital importance
Jan. 10v;1952/;>i/-^/:\ti/'^:^'4 of utilitv companies (electric, gas savings banks may invest under
that it should be presented in as
or telephone)
it contains specific
912,000 414% Serial bonds, due
Banking Law Paragraph 235, in¬
requirements as to the source of clude the interest-bearing obliga¬ simple a form as possible so that
June 1, 1952.
\
it may be clearly understood and
387,000 3 V2%
corporate stock, revenues, the nature of fran¬ tions of private or municipal cor¬
discussed freely by all citizens of
chises, the earnings record and the
due Nov. 1, 1952.
porations of a class for which spe¬
our city."
nature of the mortgage lien.
94,000 414% Serial bonds, due
cific statutory tests are provided,
"You will note that the total
Nov. 15, 1952; V;;//://•;
"In 1938 the following class of but which do not fully meet such
bonded debt of the City of Rome
securities was added to those per¬ tests, as well as those of corpora¬
The $6,900,000 purchased by the
will be on Dec. 31,1944, $1,421,750.
mitted for investment as a new tions for which no statutory test is
Chase
National
Bank
and
the
was
evidently chosen to make it clear
the
before
bunal
not
was
,
.
tion
S25
program
of approximately
million a year, which should
within
reasonable period com¬
a
pletely modernize the subways.
The Committee's modernization
includes
program
light¬
new,
weight, quiet, properly illuminated
and air-conditioned cars; the re¬
building of the older subway sta¬
tions; the elimination of
stairs and
the substitution of ramps or esca¬
im¬
possible;
wherever
lators
,
proved sanitary conditions and
separate entrances and exits in
subdivision of Section 235:
cars, thus avoiding confusion and Bank of America National Trust
delay. This plan would also pro¬ &
"'19. Securities of corporations
Savings Association, consist of
vide for more employees and bet¬
which securities are made eligible
the following:
ter protection for the public.
for investment by savings banks
The
contains
24-page pamphlet
pictures and sketches,
pointing; out conditions as they
exist today in the subway, the in¬
creasing yearly deficit on
city
graphics,
$343,000 414% Serial bonds, due
by the Banking Board."
Jan. 10, 1953.
"The years immediately prior
912,000 414% Serial bonds, due
to 1938 had been years of unusual
:
June 1, 1953.
185,0C0 414%
Corporate stock, problems in the investment field,
due June 1, 1953.
particularly in connection with
■
:
304,000 3 J/2 %
Corporate stock, railroad securities. I am informed
that practically one-third of the
due Nov. 1, 1953.
450,000 414%
Corporate stock, railroad mileage of the country
was in reorganization by 1938 and
due Nov. 15, 1953.
many
solvent
roads had
56,000 414% Serial bonds, due that
Nov. 15, 1953.
-I
^ failed to satisfy the specific tests
343,000 414% Serial bonds, due of Paragraph 235 (formerly 239)
of the Banking Law. To meet this
JciH
10
19S4
•
50,000 314% Corporate stock, due situation the Legislature in each
,
transit, what other cities charge
on their transportation
lines, and
what a self-sustaining fare could
provide for the traveling public.
Autho'rit
Housing
Notes
y
Awarded—On Nov. 9 the Author¬
ity .awarded to the Manufacturers
Trust Co. of New
York, at 0.34%,
premium of $1 on each se¬
following Temporary
"Loan Notes (Issue X), aggregating
$350,000:
,plus
ries',
a
the
First Series
Second
Third
$54,000
Series
134,000
89,000
35,000
38,000
Series
Fourth Series
Fifth
"•>
Series
.
Unsuccesful
bids
as
were
fol¬
April 1, 1954.
v
314%
Corporate stock,
due May 1, .1954.
2,899,000 4J/4% Corporate stock,
due June 1, 1954.
912,000 414% Serial bonds, due
June 1, 1954.
127,000 414%- Serial bonds> due
Nov. 15, 1954.
84,000 412% Serial bonds, due
235,000
Dec. 1,
Trust
Co.,
!
•
,
Jersey City,
$54,000, First Series
.36%
•'(Plus $1.25) '
'.'For $134,000, Second Series
j;
.36%
(Plus $1.25)
For
$89,000, Third Series
.36%
(Plus SI.25)
1
.For
$35,000, Fourth Series
(Plus $1.25) —J.;
.36%
For $38,000, Fifth Series
•
't' (Plus $1.25)
.36%
Chemical Bank & Trust
.
~
,
Co.. New York,
For $54,000, First Series
For $134,000, Second
Series
.
—
_
.40%
'
'
.40%
1954.
Bids
|;
T h
—
e
''following
bids
jointly,'
received
were
115.824;
for
the
National
City
as head of a:
Bank of New York,
which
included,. ; among
the First National Bank
of New York, Chemical Bank &
Trust Co., Harris Trust & Savings1
Bank, Chicago; Northern Trust
Co., Chicago, and the First Na¬
group
others,
tional
to
Bank
pay
of
115.76;
a
Portland, offered
group composed
Third Series .40%' of Manufacturers Trust Co/ New
*, For $35,000, Fourth Series. .40% York; Barr Bros. & Co., Marine
For $38,000, Fifth Series__ .40%' Trust Co., of Buffalo, and Con¬
/
.'.'•/■•//'%/■■
11.30
until
a.m.
and have issued new
secur¬
For '$89,000,
tinental
Bank
&
Trust Co.,
New
over,
many
Sinking
Fund
Holdings
Sold—
York, offered 115.124.
obligations are not
for investment.
"The
intention
vest the Banking
discretion
to
total
1958 is $145,of these figures
adds to
that
exceed
$1,567,235 which is the cost
must be borne by the tax¬
while the
5%, payable J-D. De¬
this
$1,000. Dated Dec. 1,
nomination
1944.
Due
on
June
1
as
follows:
$9,000 in 1945, $11,000 in 1946 to
1948, and $5,000 in 1949 to 1953.
Rate of interest to be in multiples
of J/4 or
be
the
one-tenth of 1 % and must
for all of the bonds.
same
interest' thereon,
which
their ju-j City Law,
authorized:
'.'/:
rate
has
and
on
This
cents.
96
fixed
is
amount
the interest
on
is
amount
be
to
paid next year.
contained
information
"The
this
be
statement' should
value
sound
to
the
of
in
real
city officials
in
passing upon any important de¬
cision
pertaining to the future
welfare of our city.
It also should
of
be
special
interest
to
every
citizen of Rome and to the prop¬
erty owners a matter of deep per¬
sonal concern.
Interested
to
lar
The
value
Romans
advised
are
tables for future ref¬
the
save
erence.
at
report is of particu¬
this time as there is
before the aldermen now a propo-.
sition that the city be bonded for
for
$238,000
improve¬
certain
ments.
NORTH CAROLINA
Belhaven, N. C.
Bond
■
<
Redemption Notice—It is
seems
clear
.
imposed upon investments in par¬
ticular types of securities.
"This
in
conclusion
the
tion and payment-on Jan. 1, 1045,
and
Board with the riods of probable usefulness
the Legislature which are as follows: paying
previously exercised to make
- to
the technical re¬
strictions
which
Paragraph 235
exceptions
amended, for the
as
of paying the cost of pav¬ all of its outstanding Electric
curb improvements on Light Refunding bonds, dated Jan.
to public streets in the City, the pe¬ 1,. 1938, and; payable Jan., 1, 1952.
purpose
ing
had
also
The
costs
through
payer.
on
years—curbs
has a
Laws
5
years.
of
10
Said City
Holders
purposes
are
exempted from the
so-called
5%
down
payment re¬
ment.
present
'
•
Buncombe
finds
practical
should
their
bonds, with July 1,. .1945 and sub¬
sequent coupons attached, at - the
special charter, Chapter 530 Central Hanover Bank & Trust
of 1916; as amended. Said Co., in New York City, for pay¬
support quired by Section 6 of the Gen¬
interpreta¬ eral Municipal Law, as amended.
Following were other bids for tion given to its powers by the In the event that prior to the de¬
on $13,894,000 of city serial bonds
the- $6,900,000
block:
Manufae-, Banking Board; which is > a factor livery of the bonds the income -re%
and corporate • stock for account turers Trust Co., New^ York and properly to be considered (Mar- eeived - by private holders from
of various pension funds.
The Associates, 119.017-: National City torano v. Capital Finance Corpor¬ bonds of the same lype and char¬
Comptroller awarded $6,994,000 of Bank syndicate, 118.911.
1 ation, 289 N. }Y. 21, 25), .. In Jan¬ acter shall be taxable.by the terms!
.
City Comptroller Joseph® D. McGoldrick accepted bids Nov. 14
1945
stated
by W. C. Harris, Town
the underlying securities of Charter, the General Municipal Clerk, that the Town has exer¬
railroads may be sound in¬ Law and Article 7 of the General cised its option to call for redemp¬
vestments, even though
nior
from
Nov. 20, by H. W.
"The bonded debt cost per $1,Clark, City Manager, for the pur¬
00(K assessed valuation for
1945
chase of $67,000 coupon or regis¬
will be $8.98.
The tax rate on the
tered street improvement, Series
of 1944 bonds. Interest rate is not $254,000 bond maturities is $8.02
(EWT),
Principal and interest payable at
year
from 1932 to 1940 passed
the Central Hanover Bank & Trust
special legislation permitting in¬
Co., New York City.
The bonds
vestment in railroad obligations
will be valid and legally binding
which met a lower test of earnings
general obligations of, the City,
available for fixed charges; These
payable in the first instance from
exceptions have not been con¬
special assessments upon prop¬
tinued, although banks are per¬
erty in the City benefited by the
mitted to hold /Securities bought
street improvements,
but if not
before April 1, 1938, which were
paid therefrom,, all the taxable
legal when acquired.
;
;
..
real property within the City will
"Since 1938
various .railroads be subject to the levy of ad valo¬
have been successfully reorgan¬ rem taxes to
pay said bonds and
ized
interest
accumulated
The
485.
YV
Offering—Sealed bids will
received
be
'A
without limita¬
which would be excluded tion as to rate or amount, and the
various obligations making up the ities
from the legal list, regardless of faith and credit of said
grand total of $6,994,000: aChase
City will
merit,
if .they, must
be be pledged to the payment of the
National
Bank
and
Bank" of their
America National Trust & Sav¬ judged
solely by
the specific principal of and interest on said
ings Association of San Francisco, standards of Paragraph 235. More¬ bonds. Issued pursuant to the City
other
'
; For
Other
.
Niagara Falls, N,
Bond
1
lows;';'- '■?.
Bessemer
provided."-,
4
County (P. O. Ashe-
'
ville), N. C.
Tenders Invited-.lt is stated by
Curtis
Bynum, Secretary ; of - the
Sinking Fund Commissioners, that-
pursuant .to the provisions of the
respective bond orders and ordi-*.
shall stipulate the price
which the bonds are being
authorizing their issuance,
tenders will be received by the
and
Sinking Fund Commission until
Nov. 28, at noon, for purchase by
the respective sinking funds, in
,
at
of¬
,
of and, on behalf of the
issuing units, of the following re¬
funding bonds, all dated July 1,
the napie
1936:
V.
<
Refunding.
Buncombe County
;
Buncombe
Refunding
County
7'"7/777/
0;.'.;, '7-
Series 2. / //
City of Asheville General Re-
*'funding. 7-7. /'J'. ■7; 7;;
City of Asheville Refunding Se¬
2777777- 7 /• 7'/; /■■■//r /:
Asheville Local Tax School Dis¬
ries
•
V '■
School
;■[>■/
Special
trict Refunding.
Biltmore
; ;
Tax
District Refunding.
Refunding,
ing District
Special
District Refunding.
Woodfin
Special
District-Refunding.
-
v
and
Sewer
■/.
St. Pauls, N. C.
7."'.'Bond
'.7 ';/7
:
Offering—It is stated by
of the
Commission,
that he will receive sealed bids
at his office.in Raleigh, until 11
Cary, N. C.
A. M. (EWT), on Nov. 21, for the
Bond Offering— It is stated by
purchase of $64,000 coupon re¬
W. E. Easterling, Secretary of the
funding of 1944 bonds.
Interest
Local
Government
Commission,
rate is not to exceed 6%, payable
at his
11 A. M.
(EWT), on Nov. 21, for the pur¬
chase of $97,000 coupon water and
sewer refunding
bonds.
Interest
rate is not to exceed 6%, payable
J-D.
Denomination $1,000. Dated
Government
Local
bids
receive
Raleigh, until
in
W, E, Easterling, Secretary
District Refunding.
will
he
that
office
J-D.
Dated Dec. 1,1944.
Denom¬
$1,000. Due Dec. 1, as fol¬
lows; $4,000 in 1945 to 1948/ and
$3,000 in 1949 to 1964.
Registerable as to principal; general obli¬
ination
gations/unlimited
tax;
delivery
on or about Dec. 11, 1944, at place
Due on June 1: $3,of purchaser's choice.
Principal
000 in 1946 to 1954, $4,000 in 1955
and
interest
payable
in
New
to
1961, $5,000 in 1962 to 1967,
York.
Bids to be on forms - fur¬
and $6,000 in 1968 and 1969. Regnished by the above Secretary.
isterable as to principal; general
Bidders are requested to name the
obligations; unlimited
tax; de¬
interest rate or rates in multiples
livery on or about Dec. 7, 1944, at
of Va of 1%
Bach bid may name
place of purchaser's choice. Prin¬
one
rate for part of the bonds
cipal and interest payable in New
(having the earliest maturities),
York. Bids to be on forms fur¬
and another rate for the balance,
nished by the above
Secretary.
Dec.
1, 1944.
.
Bidders
requested to name the
or rates in multiples
are
interest rate
for part of ? the bonds
the*earliest maturities),
rate
one
Each bid may name
of 1
of Vi
(having
and
another rate for the balance,
but
no
bid may name
more
than
voters
Nov,
bid
may
name
more
amount of interest upon all of the
until
their
accrued interest will
and
York
be en¬
The approving opinion
Mitchell of New
furnished the pur¬
In the event that prior to
Masslich
of
respective ma¬
No bid of less than par
tertained.
will
chaser.
&
be
delivery of the bonds the in¬
received by private holders
from bonds of the same type and
.character shall be taxable by the
the
come
terms of
any
Federal income tax
law, the successful bidder may, at
his election, be relieved of his ob¬
In the event
chaser.
-
•;■' .
■ /
(P. O. Murphy),
77.' 7-7v
Tenders Received—In con¬
;-.v.,
7 No
N. C. 77 7
nection with the call for tenders
Nov.
and
sealed
July
tenders
will
until
1,
1936. Such
11
revive
a.m.
on
bonds 'dated
tenders^feust
number, and
principal amount of each bond,
give the series, bond
annual
Nov. 9—
bonds offered for sale on
For
by
able to the State Treasurer.
■n
NORTH
DAKOTA
North Dakota
(State of)
Certificates Voted—It is
that
i
Commission
on
approved
1
Nov.
of
$27,500 public
bonds. Dated Nov. 1, 1944.
park
$2,000
from
777
issue
1/
1946 to
Bonds
as
follows:
1955 inclusive.
7 7"
Due
Delaware, Ohio
—
It is stated by
Voted
:
1,7■//';-'■ .7/ 7"-'-'-/j
/
and
Dated
water
Oct.
,
1,
r evenue
1944.
bonds,
Due $1,000
Cleveland, and
Bonds Defeated—At the
the
the
issuance
voters
of
turned
the
with the
tion
Nov. 7
down
following
aggregating $720,000: $500,improvement, $180,000
city hall, and $40,000 street wid¬
ening bonds.
000 sewage
Township
Marlboro Township
Jan.
1.00.78
Ind., '
Siler, Roose & Co., jointly. 101.40
21/2% Callable
For
Bonds//
Fox, Reusch & Co., and
Associates
">
^ .•
100.77
—
Wooster, Ohio
Bonds
Voted—The. issuance .of
$375,000 hospital bonds \yas
approved by the voters at. the
genei-al
election,
according tci
Elsie A. Williams, ,City Auditor:
the
on
7
-
p.■
.
i'7:■./•■/•
7,/.
.■
Toledo, Ohio '
List of Bids—In connection with
the
of
sale
the
$32,000
improvement
issue
v.
of
in
our
sidewalk
reported in
bonds,
of Nov.
13—
160, p., 2126—J. A. White & Co.
Cincinnati, now sends us the
following complete
received:
r
.
.
list of the'bids
.7/:
Bidder-
.
Rate
,
Braun, Bosworth
'1'/o'
•"
Stranalian, Harris & Co.
and
Ryan, Sutherland-.
and Co., Toledo, jointly
J. A. White and Co., Cin¬
cinnati
&
of
Bond
Act
.
cordance
nance
86.40
tions.
a
of said City
1944,
the
and
The
are
ac¬
ordi¬
passed/on Nov.
payable
■
from
inside of tax limita¬
proceedings
for' £aid
'bonds have been taken
under the
supervision of Squire,
12.00
Sanders &
Ohio
Voted—The issuance
of the
Uniform
certain
,
l'A
bonds are
and under and. in
with
taxes levied
'
and
Ohio
laws
6,
VA
and. accrued
issued under the authority
Cincinnati,.
St. Marys,
Bonds
Sinking Fund Trustees/No
interest. Said series of
and
Cincinnati
in
multiple of 14 of 1%. Principal
.'payable at the office
bid for less than par
Bank
Siler, Roose
& Co., Toledo, jointly.
Assel,
Kreimer
&
Co.,
different rate of interest
of the
113.00
l'A
Savings
Trust,
Ohio,
;
a
and interest
45.40
1
—
Provident
a
$92.00
! '
.
1950., Bidders 'may-bid
$4,000 in
for
/
and Co.tj
Toledo
Inc.,
.
I, 1944. Due on Oct, 1 as follows:
$4,000 in 1946, $3,000 in 1947, $4,000 in 1948, $3,000 in 1949, and
Premium
Dempsey, of
of
Bonds Defeated—A proposal to $150,000 sewage treatment plant
issue
$115,000
building
bonds bonds was approved by a count of
Jan/1, 1949, failed to receive the 65%
majority 1,462 to 811 at the general elec¬
to be redeemable on said date and vote required for approval at the tion according to George W. Hale,
Nov. 7 election.
City Auditor.
on any interest date thereafter.
from
x
bonds, dated f ; ; ..7','
7
'
.7
.
Youngstown, Ohio
/ft
July 1, 1938, and maturing July 1/
Bond Offering—Sealed bids will
1968, City Auditor Lester L. Askue
reports that the city accepted the be received until noon on Dec; 7,
tender of Saunders, Stiver & Co., by Forrest J. Cavalier, Director
of Cleveland, for the purchase] of of Finance, for the purchase , of
$5,000 bonds at 96.18, and $5,000 $18,000 2% final judgment bonds.
bonds at 96.7.1, plus accrued inter- Denomination $1,000. Dated Pec.
School District
(P. O. Alliance, R. 2), Ohio
/
•./
:
Braun, Bosworth & Co.,
McDonald & Co., and
In connec¬
—
fdr tenders
call
bonds
Goshen
;
Non-Callable Bonds
%
For
Ohio*
Euclid,
detail
Fostoria, Ohio
election
f
77///.7 7' jointly
Nov. 13 of refunding
City Auditor R. E/ King that at
the general election the voters ap¬
1 est.
proved by wide margins the issu¬
ance of the following bonds
ag¬ •. ''r'v
of the
the
to $12,360,000
anticipation
South
Bonds Purchased
City
bond's.
proved by a majority of 3 to 1,
Portsmouth, Ohio
flood
;//' /■/
The
—
gregating $75,000: $40,000 airport,
and' $35,000
river improvement
at' the general
proposal to issue up
Authorized
Bonds
-
:
Ryan, Sutherland St Co.fi
;
,
First Clevtland Corp.,
y 7 ..>■/,■■'
Curtis, House & Co.,
issue $50,- 77':7/'7
stated
Nov. 7 the; voters ap¬
on
Fahey, Clark & Co., '
the general
7/77' 7 /'•;■' Dayton, Ohio
" /
Co., jointly
100.94
Stranahan, Harris & Co., Inc., •
&
Otis
protection bonds, according
Williams, City Audi¬
Bonds Defeated—Village Clerk
M. E. De Curtins reports that the tor. These bonds will be offered
for sale when funds are required,
voters rejected the issuance of the
Dated April 1, 1945.
Due in 1946
$73,000 storm sewer bonds at the
to 1956.
general election.
.
Rate Bid
Columbus, and
Ohio Co, of
issuance
to James D.
Highway (Improvement
Association,
election
the
Non-Callable Bonds
21/2%
Bidder
James L. Miller,
that
bonds/'!
the above
received for
stated
is
Voted—It
Bonds
;•7'/.-;
Cold water, Ohio
Nov,
14 of general
4 of refunding
Wickliffe, Ohio
Sale;—The $656,000 semi¬
refunding (non-callable)
Bond
Albany), Ohio
''7 7'
School District
(P. Oi Damascus), Ohio
./Bonds Voted — At the general
..-/•'/
'I
.«> •
Bonds Offered—Bids were re¬ election the voters approved the
Craven County (P. O. New Bern),
issuance of the $150,000 construc¬
ceived until 8 p.m. on Nov. 16,
N. c.
7
tion bonds by a count of 649 to
Tenders Wanted—Jane Holland, by C. J. Grotte, City Auditor, for 329, reports H. A. Stanley, Clerk
Clerk of the Board
of County the purchase of $10,000 sewer of the Board of Education.
Dec.
count
bonds failed to
Bonds
Voted—At
the Nov, 7
required 65% majority, election the voters approved by a
according
to
David
Simpson, very wide margin the proposal to
Clerk of the Board of Education. issue
$110,000 hot to exceed 6%
obligations under the contract to
purchase the bonds and in such
case
the
deposit * accompanying
his bid will be returned.
Enclose
a certified check for $1,280, pay¬
school funding
Commissioners,
the
general election, the
being 5,734 to 2,825.
777'
voters at the
1
construction
an
revenue
refunding highway'
bonds,'dated certificates fpr post-war road con¬
July 1; 1940, it is stated by E. A. struction and improvement pur¬
Wood, Chairman of the Board of
poses; ;
■; '
7'7' ' ' -\7 .'i ; .7
County Commissioners,/ that no
Northivood, N.D.
7
tenders were received. ~
on
,
obtain the
law, the successful bidder may, at
his election, be relieved
of -his
Post-War
■
777 77-77;
Bonds Defeated—At
000
that prior to
of the bonds the in¬
come received by private holders
from bonds of the same type and
character shall be taxable by the
terms of any Federal income tax
able to the State Treasurer.
Cherokee County
'
election 4he proposal to
the delivery
by George Dixon, Secretary
„
Swimming pool bonds.
Bonds Defeated—The voters re¬
Town, such cost to be
ligations under the contract to
purchase the bonds and in such
case
the '/deposit
accompanying
his bid will be returned.
Enclose
a certified check for $1,940, pay¬
.
$210,000, were approved by the
pital bonds was approved by
$140,000 sewer, and $70,000
general election on
at the
7.77 '
Brecksville, Ohio
"than
.
turities.
' 7'
■
voters:
Township Clerk,
of $20,000 4%
fire
station, site
purchase and
two rates, and each bidder must
jected the proposal to issue $20,specify in his bid the amount of 000 real estate purchase bonds at equipment bonds was approved
bonds of each rate.
The bonds the Nov. 7 election.
/ V by the voters at the general elec¬
tion
by a count of 502 to 119.
will be awarded to the bidder of¬
Coal Township School Dist. (P. O. These bonds will be offered for
fering to purchase the bonds at
Coalton), Ohio
''■/77// sale as soon as possible.
the
lowest interest cost
to the
but no
of the bonds until their respective
bonds at maturities." No bid of less than
the
lowest interest cost to the
par and accrued interest will be
Town, such cost to be determined
entertained. The approving opin¬
by deducting the total amount of
ion of Masslich & Mitchell of New
premium bid from the aggregate York will be furnished the pur¬
bonds
;
Bonds Voted—It is stated b'y
F. T. McCurdy, County Auditor,
that the issuance of $122,564 hos¬
;
_
purchase the
to
fering
Ohio
Di¬
rector, that at the general election
the following bonds aggregating
v.
$40,000 airport bonds was
160, p. 1911—were awarded to
week, prices in the Ohio mu¬
a
rejected by the voters at the Nov.
syndicate composed of Fox.
nicipal market remained steady
7 election, reports City Auditor H.
Reusch & Co. of Cincinnati; Wil¬
and unchanged. Our index of the
liam J. Mericka & Co. of Cleve¬
E.: Travis.7';; 7'; ;7 - 7_-7;" 7 ^7. ■ ^.:7/^';; • 7'/
yield for 20 Ohio bonds remains
land; Provident Savings Bank
Bellevue, Ohio ";.77'7/7 at 1.36%, for 10 high grade bonds,
Trust Co., Weil, Roth & Co., Nel¬
/: Bonds Voted—It is stated by the 1.19%, and for 10 lower grade
City Auditor that the voters ap¬ bonds, 1.53%.
'7/;'/'///i?/ '■ '7"7; son, Browning & Co., William C7
Seulferle & Co., all of Cincinnati/
proved on Nov, 7 the issuance of
>
Orangeville, Ohio
Saunders, Stiver & Co. of Cleve¬
the $175,000 water works bonds by
Bonds Voted—An issue of $15,- land;
Channer Securities Co. of
a margin of about 2 to 1.-7/7777
&
000 street improvement bonds was Chicago, and Walter, Woody
Berea, Ohio
7/7//
Heimerdinger of Cincinnati, * as;
approved by the voters on Nov, 7.
Bonds Voted — At the general
2%s, paying a price of 101.39, a
Orwell, Ohio
election the voters approved the
basis of about 2.32%. Dated Dec.
issuance
of
the
$270,000 street 7 Bond Sale—The $4,000 semi¬ 15, 1944. Due $21,000 on June /i
bonds by a count of 2,256 to 829, annual fire department bonds of and $22,000 on Dec. 1 in 1946 to
according to City Auditor W. H. 1944 offered for sale oh Nov. 9— 1949, and $22,000 on June and
v.
Parshall.
160, p. 2014—were awarded to Dec* 15 in 1950 to 1960.
7:777': •///;■ /77;/;
J. A. White & Co. of Cincinnati,
Second best bid was an offer of
Bexley City School District (P. O.
for
non-callable
2 \'z %
according to Village Clerk Helen 100.94
7';: // Bexley), Ohio
:/v7' Irwin. Dated Oct. 1, 1944. Due
bonds,' tendered jointly by the
Bonds Voted—It is stated by L.
Ohio Co. of Columbus, and Otis
$500 from Oct. 1, 1946 to 1953/
M. Krum,
Clerk-Treasurer, that inclusive.
7
7 7■•■■■'■.■=/7\
7 :'7//7;. ■77/./ & Co. of Cleveland.
the issuance of the $310,000 build¬
The following bids were also
Plain
Township (P. O. New
ing bonds was approved by the
determined
by deducting the total amount of
specify In his bid the amount of the
premium bid from the/aggre¬
bonds of each rate.
The bonds
gate amount of interest upon all
will, be awarded to the bidder of¬
rates, and each bidder must
•two
Service
Schwieterman,
to issue
,
Sanitary Sewer
/77'77/
Buncombe
Water and
South
—
Earl
.
Tax
Refunding.
Watershed
Clerk
Ohio (State of)
Election—The issuance of funding bonds and $9,000 water
$100,000 sanitary sewer bonds will main bonds.
/
v'
'
' 7
Municipal Index Continues Un¬
be submitted to a vote at an elec¬
changed—J. A. White & Co., Cin¬
Beliefontaine, Ohio
tion scheduled for Nov. 26, ac¬
cinnati, reported on Nov. 15 as
I Bonds Defeated—The proposal
cording to report.
77" 7/'7'777
follows: For the third consecutive
Valley
Caney
Tiffin, Ohio
Bonds Voted—It is reported by
that $98,000 3%
Robert
L.
Beals, City Auditor,
municipal light and power plant
bonds
were
purchased recently that at the general election the
by the Ballard-Hassett Co. of Des voters approved by a wide mar¬
gin the issuance of the $70,000
Moines, Iowa.
swimming pool bonds.
7/77
North College Hill, Ohio
Union County (P. O. Marysville),
Bonds Voted
It is stated by
interest, $20,000
improvement re¬
works
Falls, Ohio
Sold—It is stated by the
Village
and accrued
water
of
Bond
,
District Refunding.
District
Newton
Bonds
—
Sanford, N. C.
issuance
bonds were approved $90,000 village hall bonds was ap¬
by a wide margin at the Nov. 7 proved by the voters at the gen¬
election,'
according
to
Village eral election by a majority' of
about two
to one,
according/to
Clerk H. E. Claggett.
7.7
H. V. Pope, Village Clerk.
,
par
Voted—The $19,500 fire
apparatus
—
Tax
School
Water
7/ Beaverdam
•7
*
School
7;. Johnson
•
shall be inter¬
preted to mean, plus accrued in¬
terest from July 1, 1944 to date Hazel Fleek, Clerk of the Board
of delivery. All coupon bonds of¬ of Education, that at the Nov. 7
fered shall have, the January.!, election the voters approved the
1945 and subsequent coupons at¬ issuance
of the
$5,980,000 con¬
tached.. All offerings must be firm struction bonds by a count of 76,until Wednesday, Dec. 6,
1944. 355 to 29,257.
7y,7-''V 77'7 7./
One. or more bonds may be ten¬
Barberton, Ohio
dered. Bonds purchased will be
Bonds Voted
At the general
purchased at the lowest tendered
election on Nov..7 the voters ap¬
price. Such of the tendered bonds
proved by a wide margin the is¬
as are accepted for purchase, shall
suance of the $110,000 21^% via¬
be delivered .through either the
duct bonds, reports Harold J. EckBranch Banking & Trust Com¬
roate, City Solicitor. Dated Jan. 1,
pany, or the. First Citizens Bank &
1945. Due over a 10 year period.
Trust Company, New Bern, N. C.,
Bonds Called
The city calls
within five days from notification
for payment on Dec. 1, 1944, at
of the acceptance of the tender.
Special School Tax¬
Flat Creek
.
City School District (P. O.
Akron), Ohio
Bonds Voted—It is
stated by
Akron
Voted—The
Bonds
'
Bonds
Strongsville, Ohio
'
Medina, Ohio
/7/
OHIO
.
fered, which price
nances
2237
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4335
•Volume 160
Cleveland, whose ap¬
proving opinion
1,.'1946 to 1955 inclu¬
at its expense
sive. Bonds dire after
j
a
1 to
will be furnished
Enclose
by the City.
certified check for $360,
the City.
payable
THE
2238
Washington County School District
OREGON
No, 48 (P. O. Beaverton),
Bonds Voted—At a recent
Oregon (State of)
Bonds Voted—It is
reported by
tion the voters
called at their optional date
ing
authorized an issue
maturity date 40
date of issue.
Sealed Tenders Invited
that
7
Scott,
ment refused to approve
ance
by
5 p.m. (CWT), of Series 1940,
Texas (State of)
2-4%, refunding bonds, due April
Expect Road Debt Redemption
1, 1962,
;
A A','
Within 20 Years—Governor Coke
The city has available $50,000
Stevenson on Nov. 9, in lauding
for the purchase of bonds.
The the State road bond assumption
bonds must be offered at less than
law,
declared'' that the statute
par and accrued interest and at would permit retirement in 20
prices not exceeding the current years of outstanding county and
market price,
road district bonds now being ser¬
at
voters
the
General's Depart¬
the issu¬
of the bonds, because they
not authorized by< an. elec¬
The Attorney
i- ;
It is
Secretary,
the
at
Nov.
'
—
L. H. Manning, 1 City
were
that the city will re¬
tion, among other reasons stated.
ceive sealed tenders until Dec. 15,
stated
from the
years
Edinburg, Texas
-
Ore. or at the end of 20 years, aL
elec¬ though all of these bonds bore a
State Treasurer,
of
$30,000
building equipment
general election on
bonds.
From 19f0 to 1924 the city of
approved the
Easley, by the vote of the people,
issuance of the $30,000,000 bonds
PENNSYLVANIA
issued $304,500 in bonds. The first
to provide loans to war veterans
Bloomshurg School District (P. O. bond issue was to bear 514% in¬
with which to acquire homes.
terest and the other $275,000 was
Bloomsburg), Pa.
Cities Accumulate Money For
Bonds Voted — At the general to bear 5%. This redemption on
Postwar Public Works—More than
election the voters approved the Oct. 1 of $68,000 in the balance of
$20,000,000 will be ready for post¬ issuance of the $85,000 vocational the issue aggregating $304,500.
war public works in 69 Oregon
school bonds by a count of 1,969
The only Easley bonds now out¬
cities, a survey on financial pro¬ to
1,402, according to W. B. Sut- standing are the serial bonds is¬
visions of municipalities in the
liff,
Secretary
of
the
School sued in J 939 to construct exten¬
state shows.
Board.
;
sions
and
improvements to the
Of the state's 16 cities with more
sewer system.
The total of this
Dunmore, Pa.
than
5,000 population, 13 sub¬
issue was $40,000 and $2,000 of it
Bond Sale—The $89,000 judg¬
mitted detailed information on fi¬
was to be retired each year. In the
nancial plans for post-war proj¬ ment funding offered for sale on
four years since the issue was
Nov.
14—v.
160, p. 2127—were
ects, as; did 12 of the 18 cities of
made a total of $8,000 has been
awarded to Kline, Lynch & Moore
2,500 to 5,000 population, and 15 of
redeemed, leaving a balance on
the 32 cities with between 1,000 of Cincinnati, as 23/4S, paying a
it of $32,000.
< ^
Vl
v
price of 100.025, a basis of about
and 2,500 population.
Denomination
$1,000.
Spartanburg, S. C.
Replies from cities of less than 2J45%.
M.
Leslie
Monday, November 20, 1944
COMMERCIAL & FINANCIAL CHRONICLE
.
.
El Paso Housing Authority,
Bond Call—It is stated
Texas
Harper, Secretary of the Author¬
ity, that the outstanding bonds
(first issue) series A, are called
for payment Feb. 1,1945.
Holders
are
notified that
upon
surrender of said bonds and cou¬
pons
at any time after date of this
notice at the State
National Bank
at the
of El Paso, or
viced by the State.
One
by C. W.
Central^Han-
-
.
of the four-cent-per-
cent
gallon tax on'gasoline goes for
payment of interest and principal
on these bonds. In the year ended
Aug. 31, 1944, the tax yielded $9,-
$9,973,principal.
The
904,000 and the board paid
000
and
interest
Governor
noted
half
about
that
went toward retiring
the principal. The State now owes
the
money
$112,000,000 on bonds which it
Dated Nov. 15, 1944. Due on Nov.
population indicate these
Bond Sale
The $190,000 cou¬ over Bank & Trust Co., New York took from the counties and dis¬
communities have
concentrate^ 15 as follows; $4,000 in 1945, and pon semi-annual refunding street City, they will be paid the full tricts.
■
-r
Interest improvement bonds offered for amount to which they would be
more
on
reducing
debts,
the $5,000 in 1946 to 1962.
American Municipal Association payable M-N. Legal approval by sale on Nov. 10—v. 160, p. 2015-— entitled by way of principal, re¬ A. AWeslaco, Texas
vA'V'A'NBonds Sold
The following
reports on results of the survey, Townsend, Elliott & Munson of were awarded jointly to Glore, demption premium and interest to
■
Feb. 1, 1945.
<
conducted by the University of Philadelphia. " '
semi-annual refunding and im¬
Forgan & Co. of New York, and
Second best bid was an offer
the Trust Co. of Georgia, of At¬
Oregon's Bureau of Municipal Re¬
provement, Series 1944, revenue
Harris County (P. O. Houston),
by Fox, Reusch & Co., of 100.85
search and Service.
bonds
lanta, at a price of 100.022, a net
aggregating $124,000, ap¬
Texas
;;rv
for 3s.
V.'"-AV'-ftAr, interest cost of about 1.65%, on
Portland issued bonds author¬
proved by the voters at the elec¬
Bonds
Voted—County Auditor
ized by the voters for $12,000,000
the bonds divided as follows: $20,tion held on Oct. 31, were pur¬
Elizabeth Township School Dis¬
H. L. Washburn reports that at
000 as 4s, due $10,000 on Nov. 1
for construction of a sewage dis¬
chased by R. A. Underwood & Co.
trict, Pa.
the
general election the voters
in 1952 and 1953; the remaining
of Dallas:
Bonds Defeated
The proposal
posal plant and $3,000,000 for
approved the issuance of the fol¬
dock improvements.
Other cities issue $120,000 construction bonds $170,000 as V/zS, due on Nov. 1,
lowing bonds aggregating $17,- $90,000 4% sewer system bonds.
of more than 5,000 are relying on
was
rejected by the voters on $10,000 in 1954 to 1956, and $20,- 000,000 — $6,000,000 road and
Due Nov. 1 as follows: $2,000
000 in 1957 to 1963.
;
' /A/;
special levies and bond issues to a Nov. 7. "
"."v;
in 1946 to 1949, $3,000 in 1950
bridge,
$2,000,000
court
house
greater extent than smaller cities.
Second best bid was an offer and
to 1956, $4,000 in 1957 to 1963,
jail, and $9,000,000 flood con¬
Olyphant, Pa.
Depreciation reserves and reserves
by F. W. Craigie & Co., of 100.28 trol and drainage bonds.
$5,000 in 1964 to 1967, $6,000
Bonds Approved—The Pennsyl¬
set up from budget surpluses also
in 1968, and $7,000 in 1969.
for $50,000 as 2V2S, and $140,000
Bonds Defeated—At the same
vania Department of Internal Af¬
will provide cash for post-war ex¬
Bonds
as l%s. Other bids were reported
maturing in 1960 to
fairs approved on Nov. 3 an issue
time the voters rejected the pro¬
as follows:
penditures.
Except in a few in¬
n
'• A
1969, are optional Nov.
1,
of $15,000 3%% refunding bonds.
posal to issue $5,000,000 naviga¬
available
in
10,000
—
--
.
—
■
—
.
stances,
reserves
smaller cities were
funds
resulting
from;
shortages of manpower and ma¬
Shamokin, Pa.
Bonds Voted—An issue
surplus
period.
Voters approved every bond is¬
sue, special tax levy and charter
amendment authorizing financing
of post-war work.
Besides Port¬
land's bond issue, a $25,000 issue
terials during the war
for an incinerator was
approved
by Corvallis voters and bond is¬
sues for a sewer system and fire
Home's voters.
authorized to issue
$85,000 in bonds for construction
of a sewage disposal system and
Salem permitted to issue $200,000
hall
Sweet
by
Eugene
was
for the same purpose.
in bonds
Special levies on property were
adopted in 10 cities and will pro¬
vide
ects.
$905,598 for post-war proj¬
As a result of the highway
allocation act, cities are
revenue
receiving
state - collected funds
which several municipalities are
setting aside for post-war
construction and repair.
street
have
budgets
for building new fire halls, swim¬
ming pools, city halls, sewage dis¬
posal plants and water systems.
Substantial reserves
been
also
built up in regular
Financial
reserves
in
source
Oregon
from
cities
this
include
post-war construc¬
tion;
$191,657 for purchase of
new equipment; and $255,802 for
deferred maintenance.
In addi¬
tion there is $3,232,286 in depre¬
ciation
and other reserves
of
seven
sions.
Of
water and electric commis¬
.
'
the
'
fire
department
was
equipment
authorized
the
by
voters on Nov. 7.
Stroud Township
Sch. Dist. (P. O.
cities
replying to the
eight levy sewer
charges
construction
or
to help pay for
to retire bonds
issued for construction of a sew¬
Scott,
tion
R.
S. Dickson & Co., and
cago,
&
vote in December, it
Bonds
jointly for $65,000, 21/4s, and
H,
$125,000, IV2S, at 100.04.
Voted—It
stated
is
companies ■St par.
Mercantile-Commerce Bank
Co., and Charles
.
Clark
Co., jointly
Bankers
■ ■;
York,
&
and
1.20 ft
Co.,
Kidder,
Easley, S.C.
Redemption Con¬
cludes Program—The redemption
of
on
a
1
Bond
$68,000 of City of Easley bonds
Oct. 1 is in the culmination of
bond program which was begun
fund
trustees.
The
$29,500 of Easley bonds re¬
deemed in 1930 were the first
bonds issued by the municipality
of Easley.
They were dated in
;
New
100.319
Halsey, Stuart & Co., Inc.
and Blair & Co., jointlyC.
fice, Austin. These bonds are be¬
ing issued to refund voted countywide
and
unlimited
tax
road
bonds heretofore legally issued
100.29
114
Blyth & Co., F. S. Moseley
& Co., and Jack M. Bass
& Co., jointly.—
1!4
J.
100.01G
A-V. A.
under authority of
Pea-
Trust
body & Co., jointly—.—-
Oct.
ing date on and after March 10,
1954.
Principal and interest pay¬
able at the State Treasurer's of¬
!
& Trust
Bradford
&
Leftwiclr & Ross, jointly
1946 to
1948.
water
bonds. Due on
system
works
Nov. 1 as fol¬
lows: $500 in 1954 to 1957,
and
$1,000 in 1958. \
25,000 3V2% water works system
A
bonds. Due Nov,
1,, as fol¬
in 1969, $4,500
1971, $5,000 in
1972 and 1973, and $3,000 in
1974. Bonds maturing in 1969
lows:
in
to
$3,0(10
and
1970
1974, are optional Nov.
1,
1959, on 30 days' notice.
and $500.
principal and
interest
(M-N) payable at the
Mercantile National Bank, Dallas.
Issued pursuant to the provisions
of the Constitution and Statutes
Denominations $1,000
Dated Nov. 1. 1944,
of the State,
including particular¬
Articles 1111 to 1118 of the
Revised Civil Statutes of 1925 of
ly
the State, as amended, Legality
approved by Chapman & Cutler,
of Chicago.
Winkler County (P.
Texas
O. Kermit),
stated by
Judge, that
Nov. 4 the
Bonds Defeated—It is
J. B. Salmon, County
at the election held on
rejected the proposal to
$50,000 county park bonds.,
voters
issue
UNITED STATES
United States
Article 3, Sec¬
Some Cities Stepping Up Tempo
of the State Constitution,,
and laws enacted pursuant there¬ of Post-War Preparations — Evi¬
to.
These bonds are a full and dence that the nation's cities, as
direct obligation of the county, a whole behind schedule in their
tion 52,
100.168
VA
and
Co.
Due
3%
3,000
by
L.
*
Frost, Read & Co.
of Charleston, as 2s, 2.20s, 2.30s
and 2.40s, as noted here last Au¬
gust, were purchased by the above
bonds.
,
water works system
$2,000 on Nov. 1
6,000 %xk%
in
Mills, Business Manager,
that the $7,500,000 not to exceed
Bonds Sold — It is stated by
TENNESSEE
2V2% post-war school bonds were
Fred P. Quig, District Secretary,
approved by the voters at the
that
$15,000 Vfe-%
semi-annual
Memphis, Tenn.
general election by a majority of
construction bonds have been pur¬
Bond Sale—The $500,000 school
over 2 to 1.
He says that he feels
chased by the First NationaJ Bank
bonds offered Nov.
14—v. 160, these bonds should be offered for
of Newfoundland,
at a price of
p. 2015—were awarded to a group sale
as
soon
as
possible.
Due
101.00, a basis of about 2.40%. composed of Glore, Forgan & Co.,
$250,000 annually over a 30-year
Due on Sept. 1 as follows:
$500 New
York, Stroud & Co., Phila¬ period.■ "A
A>
in
1945 to 1948, $1,000 in 1949,
delphia, and Scott, Horner & Ma¬
$500 in 1950 to 1954, $1,000 in 1955, son of Lynchburg, as 1.20s, at a Panola County (P. O. Carthage),
;,
Texas
$500 in 1956 to 1958, $1,000 in
price of 100.266, a basis of about
Bonds
Sold—It is stated that
1959, $500 in 1960 to 1963, $1,000 1.17%. Dated Oct. 15,1944 and due
in 1964, $500 in 1965 to 1968, and
$56,000 3V4% road refunding, se¬
$25,000 011 Oct. 15 from 1945 to
ries of 1944, bonds were purchased
$1,000 in 1969.
1964 inclusive. Reoffered from a
recently by the J. R. Phillips In¬
yield of 0.40% to a dollar price
SOUTH CAROLINA
vestment Co. of Houston. Denom¬
of 99.50. Second highest bid was
ination
$1,000.
Dated July 10,
Charleston County (P. O. Charles¬
an
offer
of
100.155 for
1.20%
1944.
Interest payable M-S. Due
ton), S. C.
bonds, submitted by the First Na¬ March
10, as follows:
$3,000 in
Price Paid—It is now reported tional Bank of Memphis. Among
1945 to
1949, $4,000 in 1950 to
that
the $4,150,000 semi-annual other bids for the issue were the
1953, and $5,000 in 1954 to 1958.
bridge revenue refunding bonds following:
Bonds maturing in 1955 to 1958
sold jointly to John Nuveen & Co.
Int.
Rate
are optional on any interest-pay¬
Bidder—
Rate '
Bid
of Chicago, and
Stroudsburg, R. D. No. 1), Pa.
1959, on 30 days' notice.
:
reported.
Independent School Dist.
(P.O. Hous&n), Texas
Chi¬
Trust
a
Houston
Har¬
Savings Bank,
is
These may be resub¬
bonds.
and Hamilton & mitted for
Co., jointly, for $40,000, 2%s, and
$150,000, IV2S, at 100.01; .
ris
July 1, 1930, by the sinking
questionnaire,
service
000
bonds
of $25,-
Horner & Mason;
for
$482,702
Michigan Corp.;
First of
built up from
100.139
VA
(State
,
of)
payable from unlimited acl valo¬ post-war planning, are stepping
Collections Show De¬ rem taxes levied against all tax¬ up the tempo in their preparations
cline for October—State gasoline able property within the county. for the future is contend in re¬
tax collections for October, 1944, Legality approved by Vandewater, ports to the Municipal Finance Of¬
ficers
Association.
In a recent
amounted
to
$1,369,612.03,
as Sykes & Galloway of New York.
Tennessee
Gas Tax
„
1910 and were used to finance the against $1,497,155.79 for the same San Jacinto River Conservation and
age disposal plant, and two cities
Reclamation District (P. O.
increased water rates to improve original water and light plant, month in 1943, and $1,737,072,76
for October,
1942, according to
Coldspring), T*xa&
them water systems.
which began operation about a
George F; McCanless, Commis¬
year later,
Improvement
Bond Approval
Sutherlin, Ore.
sioner of Finance and Taxation,
Sought In Court—The State Su¬
During the period from 1930 to
Bond Sale—The $10,500 refund¬ 1943 the sinking fund trustees re¬
Motor vehicle
tax ' collections preme Court has agreed to con¬
ing bonds offered Nov. 13—v. 160, tired $143,000 of Easley bonds as amounted to $94,739,24 for Oc¬ sider a plea by the District for . a
tober.
This compares with $81,writ of mandamus to compel State
p. 2126—were awarded to Charles funds became available. Many of
543.87 for the same month in 1943,
Attorney General Grover Sellers
N. Tripp Co. of Portland, as 2s, at these bonds were bought on the
and $88,988.88 for October, 1942.
to approve an $1,800,000 issue of
bond market for less than par
a price of 101.09, a basis of about
Improvement bonds.
The coqrt
during the depression. The hold¬
TEXAS
1.72%. Dated Nov, 15, 1944 and
ordered submission of the case on
ers sacrificed them for ready cash
Dec. 13.
Dayton, Texas
due Nov.
15, as follows: $1,000 and the sinking fund trustees
_
.
Association cited post¬
activities in the following
report the
war
' ,\
communities:
post-war
rehabilitation fund of $406,732, to
he increased at least $100,000 dpr-,
ing the current month,. By the
end of 1945 Everett exnects to
have $700,000 on hand for postt
war spending purpo^s, which in¬
cludes plans to complete a nurses'
home, an addition to the city hnsr
Everett, Mass,, has
a
pHal and, a new cRv hell.
The
city does not intend to issue bonds
were-authorized by
nor, ask Federal pi'1 to finance, its
the
River
Authority's directors
now reports, that the $50,000 pav¬
post-war construction.
.
ures.
ing and, drainage bonds sold, as for a general improvement plan,
1949 or.on any subsequent inter¬
Fan? Die°'o
$6033 000 on
canals and pumpihg
2s, 2V2S and 2%sr as noted here— including
In the spring of T943, $64,000 of
hand in cash and investments for
est payment date. Second high bid
v.
160, p. 2015—were purchased emroment. They would pay 3%
Easley bonds were retired et their
F°"«nn-"npvidson
Co.
of interest and be retted serially post-war construction, with pres¬
of 100.19 for 2j/4S was made by the optional date and the $68,000 of
ent plans for a variety of projects
from 1945 through 1969.
Wichita. Dated Oct. 10, 1944.
bonds to be retired Oct. 1 are be¬
Oregon Bond Commission.
'
in buying in
from 1945 to 1954 inclusive, and
its indebtedness at below par fig¬
$500 in 1955. Callable on Nov. 15,
saved the city a sum
Purchaser—The
City
Secretary
The
bonds
The number of municipalities in the United States emitting long-
including sewers, a library, water
extensions and harbor develop¬
ments.
/.
.
(
...
t
...
Municipal Bond Sales in October
*.-'Portland, Ore., has already sold
$12,000,000 sewerage disposal
issue at
bond
and. will in¬
1.50%
when ma¬
avail¬
projects of a less
urgent nature amount to approxi¬
mately $10,000,000, which include
parks, street improvements, bridge
repairs and water works. In ad¬
dition to the bond money, Port¬
terials
and
for
use
manpower
are
Other
able.
has $750,000
land
funds.
serve
hand in re¬
on
i..
Among other cities, Camden,
N.
construction of a
sewage disposal plant as its No, .1
post-war project; cost will range
the
J.,, plans
$6,000,000 to $10,000,000 and
may be financed as a utility. Hart¬
ford, Conn., has set aside about
$750,000 for post-war uses, and in
addition has $80,000 specifically
earmarked for a new fire station;
from
the city does not anticipate a bond
issue prior to the end of the war,
it will not rely on Federal
to construct
other im¬
provements. Houston, Tex., has a
five-year plan involving expendi¬
ture of $31,000,000
which, city
officials say, will not increase the
city's taxes; part of the money
would come from issuance of rev¬
says
grants
bonds, including an issue of
$14,000,000 awarded Oct. 26, the
balance to consist of bonds issued
enue
bopds are retired.
Among the smaller cities, Owa-
reports several re¬
serve funds in various
units; the
utilities have $310,000 in bonds
Min.,
tonna,
and
war
cash, the hospital has a post¬
reserve of $27,000 toward a
$100,000 addition, $20,000 in avail¬
able
for sewer
construction, a
bond
port
$65,000 for an air¬
issue of
has
been approved and a
election will be held to
on
a
civic center to cost
special
vote
$125,000.
.
Cal., proposes to
$360,000 in bonds soon, with
issues to follow, to finance a
Redwood City,
issue
other
post-war planning program which
already has been approved and
published in booklet form; Red
Alberta,
reports surplus
funds of $100,000 in Victory bonds
fori extension of sewer and water
Deer,
services, street paving
and other
capital expenditures:
.
.
Passed on
Constitutional
Voters of Nine States
Proposals
Tax
nine
—
affecting / taxation
amendments
were
by voters of
States last Tuesday, the Fed¬
passed
upon
eration of Tax Administrators re¬
Most important of the pro¬
posals concern the enactment of
gross income taxes in four States
ports.
|—Arizona, California, Oregon and
»
proposed Oregon amend¬
if enacted, impose a
The
ment would,"
3% and not
5%, payable monthly,
on
gross incomes to
finance a
State
retirement
and
disability
tax of not less than
than
more
fund.;
Washington's amendment pro¬
}
posed to levy a 3% tax for pay¬
of old
ment
the
age
California
pensions, while
proposal
would
3% gross income tax to
support the retirement insurance
system, the tax to supersede the
existing State sales and use taxes,
levy
i
a
constitutional
Other
ments
*
for
up
approval
amend¬
Nov.
7
what the
Impose
3% retail sales tax in
a
Levy
an
aircraft fuel excise tax
aircraft in lieu
of
personal property taxes in
Min¬
nesota.
public
districts in
utility
Wash¬
.
-
the
Commissioners
in Texas to
county tax levies
Court in any county
reallocate
the
by changing the rates for purposes
authorized, provided the total of
D.,
Texas
r884,000
100.97
1947-1976
9,450,000
100,000
100.02
1.31
100.04
1.29
1909
Ohio_____„
lVa
Md. (3 issuesVa
Belleville, N./ J.___
1.30
1791
Bexar
1911
Brighton
1908
Canton S. D., Mo.__
1570
Catahoula Parish S. D. 12,
2012
Center
-7v'-.V
'
♦Temp,
1946-1968
rd!90,000
100
2.83
Charlotte, N. C. (3 issues).^__5-l'/4
1946-1976
270,000
100.07
1.39
1789
Cheektowaga
1.80
1945-1964
25,000
100.35
1.75
3
1945-1966
rd236,000
102.19
99.75
2.77
101.04
1.38
N.
1678
Mich
Line,
Dist.
Sewer
Y
Chester
Cowlitz
Co.
/ 2
Utility Dis¬
Wash.________various
Public
No.
1,
1786
Cranston,
2015
I
R.
2011
1906
Fairfield S.
1678
Fair Lawn,
1787
U.
None
S
Placed
in
in Canada_t.__^„'_
of
Bonds
U.
1677
1790
1680
1791
1788
Fort
1788
Fort Lee
Lee
D.
111
112,
N. J
D.,
Board
■
Co.
tion,
Miss
Co.,
Ohio___
•
Hertford
2015
1910
1911
1680
1573
2013
Co.,
cents
taxes
on
does
not
1940
Reduce the
Permit
.State taxation of Fed¬
eral property
gress
in Idaho when Con¬
permits such taxation.
a
$1,000 property tax
exemption for war veterans, and
various other property tax exemp¬
tions for charitable
in California.
organizations,
1945-1967
2~.94
/32,000
:
1945-1954
25,000
100.22
1320
1945-1962
1-336.000
100~02
2~28
650,000
1947-1969
14,000,000
100.06
2.12
1945-1949
35,000
100.10
0.97
1945-1954
30,000
100.58
1.14
1949-1964
1-250,000
100.12
1.24
1945-1962
256,000
100.16
1.37
57,000
Kewanee,
Keokuk, ,Iowa-_-—^-„-__-_— .1%
1946-1964
100,000
l3/4
1 Va
1945-1954
1-150,000
100.30
1945-1959
60,000
100.40
111.—
1677
Koochiching
1789
Lake Success,
1906
Lakewood San.
1911
Lawton,
;
Minn
Co.,
N. Y.
lOtT
1.69
1.43
50,000
Dist., Colo
0~95
100,000
Okla
1945-1954
Los Angeles, Calif.
1948-1978
rd33,000,000
1574
McAlester,
1947-1959
1.67
100.13
65,000
1786
25,000
1789
N. J
1,70
(2 issues)-various
Okla,--___Vfa-VA
McMechen, W. Va.__/_—
1
Long Branch,
1575
2013
Martin
1788
Merigould,
Minn
'
.
Ill
Twp.,
:
Miami,
1571
Miss.——.
Graded
S.
D.,
1791
1908
Monroe
1680
Mount
1908
Ky
Co.,
10,000
Nashville,
Nashville,
2012
New
2124
Newcastle, Ky
1908
Newton, Mass.
1790
2.35
1.48
100.12
1945-1954
rl,960,000
100.18
1.06
1945-1954
300,000
100.20
1.06
100.01
1.0.9
1-150,000
l'dl6,000
1945- 1953
rl77,000
1947- 1951
104,000
100.27
1.22
1952- 1969
396,000
100.27
1.22
1957- 1960
25,000
101.32
1.40
(19 7.,
25,000
1.10
3
'
1.10
1V2
Tenn.___
__
Ind.————
1945- 1969
rd49,000
1
1945- 1964
300.000
loTlB
1%
*
1946- 1955
13,000
100.58
1.6-r
1.10
1945- 1949
11,875
100.10
1.06
1~63
'
,
issues)_____
(2
100
1-80,000
...
Tenn
Albany,
1-7,600,000
1974
Co., Minn
1911
40,000
ser.-opt.
;
Horeb, Wis
Murray
-
1.29
■1945-1960
Vt.——
—
1571-
1.93
.<
1-189,000
~
Fla.——
Milton
100
12,000
1945-1949
•
2
__
3
^various
1 Va
Minneapolis,
Minn
—
1.10
Minneapolis,
Minn.——
1,10
Mission Ind. S. D., Texas.
2Vz •
1.906
1680
1911
1945-1947
1945-1954
_
Marshall Co.,
•
1906
■
,
1945- 1947
Mich
15,000
various
1945- 1957
dl75,000
foo
Dist., La..various
1950- 1954
1-1,400,000
100
S.
C
.
1791
Osborn,
Ohio_
1791
Osborn,
1791
Osborn,
Ohio
Ohio
Pennington
1790
Pittsford S. D. No. 6,
_1___________
1791
1.27
100.19
3,500
100.39
100.76
1.60
1945-1948
6,000
100.25
0.90
various
1947-1966
12,000,000
__.___various
Portland, Ore
Portland,
4,600
V/2
IV2
l3/4
100.88
1-202,000
1947-1959
3,000,000
Minn—____
Co.,
1680
*
6,000
i
N. Y
Ravenna, Ohio
;
—
Ore
1945-1953
1%
„
1.49
98
1.30
100.40
100.66
1.07
100
3.22
20,000
1-76,000
r60,000
117,836,750
75,000,000
2014
1945-1958
70,000
100.01
1945-1959-
75,000
100.16
1.22
1945-1965
rl65,00G
100.003
2.22
0.84
Lake
Co.,
Robstown,
1787
Texas
1910
Scarborough, Me
Scotland Neck, N. C.
1570
Sioux
1911
None
Springfield S. D.,
iy4.
(2 iss.)_2V4-2
(3
1950-1955
125,000
101.24
1945-1966
240,000
1Q0.33
1.71
:__2,/2-l1/2
1946-1964
d400.000
100.06
1.69
1946-1957
—
City), Utah
$75,000
refunding
field
0.78
IV2
1949-1956
7,000
101.08
1945-1961
rd66,000
100.14
IV2
1946-1962
r86,000
102.80
— _
1946-1950
75,000
IV2
Wilmington,
D.,
Ohio__
—_
N. C.———2I/4-l1/a
Winters,
Texas
3Va
York,
Pa
%
1791
Zavalla-Dimmit
1575
semi¬
Impt.
house
bonds offered for sale on Nov.
Due
$6,000 June and Dec. 1, 1945, $6,1, 1944. Denomination $1,000.
Dist.
Total
14
2128—were awarded
to F. T. Boyce of Salt Lake City,
as
IV2S, at a price of 100.742, a
basis of about 1.08%. Dated Dec.
p.
d
Optional,
from Federal
1,
bond
Cos.
agencies,
for
3'.4
October
1946-1980
Page
2.48
1.19
—
100.85
1.39
100.01..
1.63
100.31
0.83
d200,000
1946-1959
200,000
rll5,000
1945-1965
(93
munici-
——-—
k$108,130,600
loans or municipal borrowings
Refunding bonds.
CANADIAN MUNICIPAL
FINANCING IN
OCTOBER
,
No.
Rate
Name
1912
Arnprior,
2128
North
June and $8,000 Dec. 1,
1949, and $5,000 June 1,
1792
(Continued on page 2240)
r
50,000.
100,000
1.35
p
Water
Texas——__
sale3
1946-1964
1946-1962
paiities covering 117 separate issues)__
k Not including $69,561,321 temporary
1, 1946,
and $7,000 Dec.
1.06
100.07
1911
University of Utah (P. O. Salt
Sale—The
100.11
100,125
4, Minn...'
Waterford Twp. S.
S.
1.14
13,000
1945-1954
D., Mich.—
Wabasha Co. S. D.
Wauseon
100.77
1945-1949
,
2V2
Twp. S. D., Ohio—
N. J,—
Van Buren
Voorhees Twp.;
1791
r60,000
1.10/
0.80
VA
issues)——
1911
1790
1.21
1%
Ohio-
Wash
Tacoma,
.
1
(2 issues)—
City, Iowa
1908
UTAH
to
1.58
_____
103
2012
1789
1947
d40,000
1947-1964
by. New York City: None in October of 1944,
$7,000
100.66
d350,000
1946-1962
1946-1950
None
000 June
1-110,000
1945-1969
1946-1969
None
160,
1946-1951
1V4
33,926,815
—v..
110.25
3-3y4
Rocky Mount, N. C.__-____—_3y4-l
None/
annual
3.08
250,000
Minn.
V-
Florida.
97.16
1950-1957
•
Utica, N. Y.
intangibles tax from
3.08
Red
15,991,406'
Lake
3.08
97.16
1945-1974
r2,252,000
1-1,083,000
1-733,000
97.16
1979
1911
.
•
None
Bond
L45
1945-1974
2011
Tarentum S. D., Pa—
each $100 valuation for
10061
1908
<jj
jjj
318,000
80
12,000
_
1909
Tonawanda, N. Y._—.
exceed
2.34
75,000
Y,____
N.
2013
.
1.50
101.64
d250,000
1945-1964
C
N.
1573
such
100
Hidalgo Co., Texas
1574
''
7,000
VA
l'/4
2V3
High Point, N. C. (4 issues) _2 Va-2 V4 •
Houston, Texas___.I___:__-_
_4'/4-2
Hurley Ind. S. D. 1, S. D
1
Jamestown, N. Dak
' IV4
Joplin, Mo
__
* l>/4
Kearny, N. J. (2 issues)-.—.-.1.40
District,
Parking
2014
1790
%
2.75
2Va
1%
21/4
3'A
Ky
.307,918,921 757,961,346 392,338,880 497,952,742 403,905,746
1942, 1941 and 1940.
1.17
100
3
2%
L
Ga.—
1575
♦Including temporary securities issued
100.11
1-9,000
Educa-
of
None
"
48,000
3
N.
1908
None
None
None
Territories
and
rd2,8Q0,000
1945-1956
J.__
N,
2.76
100
1945-1965
1945-1945
.__J
(Borough), N. J
Fort Lee S.
Fulton
100.53
1945-1953
,
(Borough),
1788
Possessions
S.
50,000
Hempstead, Franklin Square
771,356
<
227,000
1,600,000
Texas
1678
.
Placed
rlSO.OOO
1946-1975
_2Va-234
DeKalb County, Ga. (7 issues)
Vk !
Dubuque Bdge. Comm., Iowa_2!/4-2.90
East Liverpool S. D., Ohio____
VA
El Paso Co. S. D. W-5, Texas.
2%
Erick, Okla.
•
V/2 '
Estes Park, Colo.__
2V*
Dayton,
64,652,526 177,142,181
•$
38,075,880
rd6,516,000
66,500
1 Va
_
the
;;
1941
1942
'
16,589,990
S.)__69,561,321 35,600,000 78,943,000 92,308,810
(Canada).-A- 130,000,000 705,000,000 275,000,000 325,000,000
(perm.)—
loans
Can.
$
1
1945-1965
1945-1964
Craighead Co. S. D. 10, Ark.
1911
2015
1943
'
90,000
Wis.___AL.--_;._----
Chilton,
1680
trict
N. J._
Twp.,
2016
,
3,
Harlan
last five years:
1944
'
i
2.46
9,000
La.
_____2V2-3
1790
Gulf port,
various forms of loans
loans (U.
loans
Temp,
'
'•(
2,000
3
financing undertaken in October.
loans_/:_L___-- 108,130,600
5,000
1945-1949
Pa
Twp,,
Orleans Levee
i
110,000
____
____
Orangeburg,
'
1948-1952
_
Texas—
Co.,
Ontonagon,
''
1.34
1946-1952
Baltimore,
1677
Permanent
2.68
Akron,
1680
put out in October of the
Basis
1787
2013
following is a comparison of all the
Price
100.98
Amount
Maturity
1910
New Waterford, OhicC___.:
Nyack, N. Y._„
The
..
Line
/
County
Cons.
S.
1910
Authorize
Authorize
Ind.
the purpose
the FPHA.
This original debt bears 3% interest, as required by statute, and the
respective agencies have been able to transfer the obligations to the
private market at substantially lower interest cost.
As for operations in the Canadian municipal market in the recent
month, these consisted of the sale of a few small bond issues, the
grand total being only $227,000.
There was no U. S. Possession
5 to 2 mills in
ington.
Abcrnathy
Geneva-On-The-Lake,
negotiated in the private market largely for
of the various authorities held by
-
-
$64,000
Rate
Name
No.
1791
1908
of refinancing notes
Louisiana.
Limit the aggregate annual levy
on real and
personal property to
4
mills
and
exempt port and
v'.:
1908
ing $324,672,975.
L: v
Returning to the municipal market in October, we find that shortterm financing in the period amounted to $69,561,321, the largest part
of which was contributed by various housing authorities.
These
were
—
complete record of the various issues sold during
a
1573
$181,264,294 for. refunding; in 1943 the figure was $435,223,191, of
which $259,481,836 was for refunding; for the first ten months of
1944 the total is $533,668,942, and includes refunding issues aggregat¬
any year.
.
1,056,135,083
be.
1923-1931 the yearly volume of sales, other than refunding, was
approximately $1,400,000,000.
In subsequent years up to and includ¬
ing 1941, the annual average was about $1,000,000,000, but this figure
fhcluded heavy borrowing for refunding purposes.
The impact of
such financing during those years is indicated in the following figures
showing the volume of refunding negotiated in various years: 1941,
$434,509,900; 1940, $482,383,465; 1939, $195,079,000; 1938, $129,144,000;
1937, $190,678,795; 1936, $382,442,632; 1935, $365,150,304; 1934, $136,475,679; 1933, $37,080,049;1932, $87,000,429.
In connection with the
figure for 1933, it may be noted that the yedr in question was prob¬
ably the worst period in the history of municipal credit, defaults and
depression conditions having combined to reduce the total output of
both new capital and refunding issues to a. level of only $520,478,023.
As for municipal financing in the years beginning with 1942, the
diminutive totals reflect the war conditions which made it impossible
for States and communities to undertake new projects or even, to
make other than,nominal improvements or repairs.
Thus in 1942 the
total volume of bond sales was only $523,704,607 and this included
Exempt tractor fuel and distil¬
lates from the motor fuel tax in
i
1,211,857,702
118,736,328
1931
Page
years
1943,
and other taxes on
1,156,129,993
155,536,473
1929.
October:
■
output'of new municipal debt in the post-war years is likely to
Some idea of the potential may be found in the fact that during
Total
Oregon.
Following is
16,127,447
1930_—
769,778,618
28,097,090
1906
would:
<
1937
made
ing sanction of the voters.
It cannot be determined with certainty, of course, just
955,690,419
800,602,665
52,480,059
105,167,119
1938
be made, for example, of the
may
;
i939___
V
$33,000,000 award
by the City of Los Angeles, Calif., Department of Water and
Power.
This issue was brought out to provide for the redemption ot
an equal amount of outstanding debt which is not subject to call until
December, 1945.
Pending that date, the city will reinvest proceeds
of the refunding issue in Treasury obligations, thus compensating in
some measure for dual interest that must be paid on the debt sched¬
uled to .be redeemed and the current loan.
Another community that elected to anticipate its refunding credit
needs in October was the City of Miami, Fla., which disposed of an
issue of $7,600,000 to provide for liquidation of outstanding obliga¬
tions on which the next immediate call date is July 1, 1945.
As for October borrowings for post-war capital projects, the
outstanding awards of that, nature included $15,000,000 by Portland,
Ore.; $14,000,000 Houston, Texas, and $9,450,000 by Baltimore, Md.
With regard to possible additional financing in the near future
in anticipation of post-war improvement programs, it may be ob¬
served that at the recent general election, voters in various States and
communities approved bond issue proposals amounting to more than
$225,000,000.
As for the results of balloting in the respective units
of government, these are being given in our regular State by State
survey of municipal news and will be found initially in our issue
of November.13.
'-V/;}'■":% y-.'L,
It must be remembered, of course, that the foregoing total with
respect to Nov. 7 authorizations is far from conclusive with regard
to the volume of municipal financing now in prospect and likely to
materialize when conditions permit.
Many public bodies have devel¬
oped plans for a variety of projects and improvements and are em¬
powered to undertake the financing incident thereto without obtain¬
Mention
loans
v*',-/.. -L V.'
Washington,.
!
"
,
older
as
issues made during October
States and
consummated in October.
.
term bonds and the number of separate
municipalities during the were 56 and 60, respectively. This contrasts with 99 and 108 for
month of October reached the rather impressive figure of $108,130,600. September.
While refundings, at $61,150,000, accounted for a substantial portion
For comparative purposes we add the following table, showing
of the month's output, the balance of $46,980,600 of new capital bor¬
the aggregate disposals of long-term obligations by States and muni¬
rowing bulked large in comparison with records for previous months
cipalities in the United States for October and the 10 months for a
of the year and, in fact, throughout the war period.
The largest part of the new debt total, incidentally, represented
series of years,
.
borrowings for projects which are not likely to be undertaken until
Month of
For the
For the
Month of
Ten Months
October
wartime controls on materials and manpower are materially eased.
Ten Months
October
1936__-w____
$83,194,067
$955,500,882
$533,668,942
1944_"_i__
$108,130,600
In thus anticipating their credit; requirements, the various commun¬
71.816,034
1935__1_____
973,869,107
380,990,787
1943.
16,589,990
ities apparently were prompted to take advantage of existing favor¬
1934___—:■
725,660,514
42,748,755
1942
488,294,996
38,075,880
1933_—
55,917,492
392,580,167
able market conditions, rather than to gamble on the future.
The 1941.
821,540,468
64,652,526
701,938,924
1932——
43,763,719
953,668,243
1940______—
177,142,181
same considerations, moreover, motivated much of the debt refunding
by
financing
Long-term
..
a
vest the money
2239
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number1 4335
Volume 160
Qnt._
Bay. Ont.
Westville, N. S
Total Canadian
*
Not including
3Va
2\'z
3
Maturity
1945-1964
Basis
Amount
Price
$50,000
102.89
3.1S
99"02
3~14
135,000
1945-1957
municipal financing in October
$130,000,000 temporary borrowing by
42,000
*$227,000
the Dominion Government.
THE COMMERCIAL & FINANCIAL CHRONICLE
2240
City Dept.
swept
to
as
series
and
Dec. 1, 1946, or
on
by Edward L. Burton & Co.,
and
Lincoln, Ure & Co., of 100.02
$25,000 as Is, and $50,000 as
;
% / V'';
The
—
1%%
system
over
and
school
passage,
district
each.
the city
votes
30,000
To be assured
issues
a
by
vote
of 20,481
for the school district to
cost of
negative votes.
•
At the general
—
Laramie,
was
Utility Proposal Defeat¬
ed
David
H.
Hitchcok, City Clerk,
general election on
Nov. 7,' the voters failed to cast
enough ballots in favor of issuing
$1,275,000 water bonds.-
that
the
at
CANADIAN
ALBERTA
as
Power
of
utility
of
that
&
Edmonton, Alberta
permitted public util¬
ity districts to act jointly in the
such
properties
the Puget
Light
Sound
Definitive
Ready
the
Light Co., and Washing¬
ton Water Power Co.
and is under
no
Debentures
named city, which
be surrendered for exchange
the
at
definitive debentures
above
bank's
office, 40 Wall St.,
New York City.
circumstances to be construed
as, an
offering of the
'
people since the city code author¬
izes the administrational body to
issue council bonds up to $250,000
for revenue-producing
if they are
of Seattle has the op¬
said bonds prior
The City
tion
•
such securities.
1
solicitation of
or as a
an
offer to buy
any
of
The offering is made only by the Prospectus.
redeem
to
giving the notice
to maturity upon
the Ordinance No.
purposes.
73550, as follows:
The exact
nature of the im¬
"On Jan. 1, 1948, the bonds then
provements
to
be
undertaken outstanding
shall
be
redeem¬
have not yet been defined by E. C.
able as a whole but not in part, by
Brantly, utilities manager.
the payment of principal and in¬
Rcanoke,
following securities for sale
;
required
by
New Issue
216,000 Shares
terest, plus a redemption premium
Va.
Water Bonds Approved—At the of l!/2% of the principal amount
general election on Nov, 7 the and if redeemed on any interest
voters approved the issuance of payment date after Jan. 1, 1948,
$2,000,000 water supply construc¬ 1% of the principal amount.
"Said bonds shall also be re¬
tion, and improvement bonds. The
Roanoke "Times" of Nov. 10 com¬ deemable in part, in not less than
mented editorially in part as fol¬ an amount of $50,000 par value
at any one time, but only from
lows:
That the voters gave their as¬ excess bond fund money, or from
sent
to
the project by such a moneys in the renewal fund as
strong majority is not so surpris¬ provided in Ordinance No. 73550,
in the inverse order of their num¬
ing as that nearly two thousand
ber as follows: Bonds numbered
votes were cast against so merito¬
rious a proposal for remedying 5001 to 6000, inclusive, on any
Roanoke's inadequate water sup¬ interest payment date on and after
Jan. 1, 1946, upon payment of pai
ply.
'■
In expressing his gratification and accrued interest to date of
oMmhaL Cotootatim.
\
Capital Stock
($1.00 Par Value)
Price $7.75 Per Share
Copies of the Prospectus describing this sloch.
may
be obtained from the undersigned,
^,
plus a premium of
at the outcome of the bond issue redemption
election, Mayor Henebry promises 1/2%;. and bonds numbered 4001 to
that "now that the authorization 5000, inch, on any interest pay¬
for funds has been given by the ment date on and after Jan. 1.
voters, every step will be
complete
possible
that City
plans to. proceed with the
Roanoke
of
people
Council
incl.,
date
Ames, Emerich & Co., Inc.
Doyle, O'Connor & Co., Inc.
re¬
premium of 1%:
1948,
1,
Jan.
before
Courts & Co.
>
First Securities Company of Chicago
F. S. Yantis & Co.
ills, Minton & Company, Inc.
any
interest payment
and after Jan. 1, 1946, anc
on
on
or
011
of
numbered 2501 to 4000.
and bonds
conditions."
a
Dempsey & Company
of par and
date
to
interest
the project as soon as
under present material demption, plus
is the understanding of the
It
payment
upon
accrued
and manpower
; :
taken to 1946,
Incorporated
upon
November 17, 1944
payment of par and accrued in¬
terest to date of redemption plus
without delay and have a
premium of 1 lh %, provided,
the new water suply available as
however, said bonds numbered
of August, 1945. It is to be hoped
2501 to 4000, incl., may be re¬
that
their
expectation will be
deemed on any interest payment
construction of the Carvin's Cove
project
realized
that
and
work
on
the
project will begin at the earliest
possible date.
_
crued
thereon
announces
Bailey, Presi¬
that the district
its option to redeem
payable solely
are
from the special
"
dent,
$1,000,000
fund created by
called "Bond
Ordinance No. 73550,
Retirement Fund,"
of Seattle has
Interest
and
into which the City
Jessop Steel Company
Jan. 1, 1945, all of the pledged a sufficient amount of the
serial electric reve¬ gross, revenues of its municipal
nue
bonds of said Public Utility transit system to make the prin¬
District dated Jan. 1, 1940, being cipal and interest payments on
Nos. 504 to 3350, incl., aggregating said bonds as they accrue.
Other Bid
The city received
the principal sum of $2,847,000, by
the
payment
of the
principal one other bid for the issue,*14 syn¬
thereof, together with accrued in¬ dicate headed by Blair & Co., Inc..,
terest to date of redemption and offering to pay a price of 100.851
the 5% premium provided in said for l%s.
Others in this account
bonds
for redemption prior to were: Stranahan, Harris & Co.,
maturity.
The holders of said Inc., John Nuveen & Co., Bacon,
and pay on
outstanding
(A Pennsylvania Corporation)
First
—
bonds
are
The offering is made only by the Prospectus.
the interest ac¬
Said bonds and
Harbor County Public
Utility District No. 1, Wash.
Grays
is exercising
of such securities.
mium of 1%."
WASHINGTON
Bond Call—H. E.
offer¬
ing of the following securities for sale or as a solicitation of an offer to buy any
and accrued interest
date of redemption plus a pre¬
of par
ment
to
This advertisement is not, and is under no circumstances to be construed as, an
1, 1948, upon pay¬
date after Jan.
notified to present said
Stevenson
&
Co.,
Graham,
Mortgage 5% Sinking Fund Bonds
Due November
*
'
•'
\*' :
>'
'
Price 100% and
•
*
'
•
_
1, 1954
'
'
/'
accrued interest
Par¬
unpaid in¬ sons & Co., Eldredge & Co.,
terest coupons, for payment, on or Drumheller, Ehrlichman Co., Ballbefore Jan. 1, 1945, either at the man & Main, Chas. N. Tripp Co.,
bonds, together with
office of the Treasurer of
trict
in
the
City
the dis¬
of. Montesano,
Crouse,
cf New York.
Port of
Bellingham (P. O. Bellingham), Wash.
Bonds Defeated—It is stated by
Tacoma,
City
$500,000 water front development
bonds were rejected by the voters
at the
general election.
&
Co.,
In
Wash..*
and
Improvement
Bonds
Construction
i-
School
Approved—
the
School
District,
the
The
least
how
.
.r;
,
•'
-
Tacoma
.f
city bond levies needed at
votes, regardless of.
13,520
they
were
cast and the school
<
A. C. Ailyn and Company
Ames, Emerich & Co., Inc.
Sidlo, Simons, Roberts & Co;
Kalman & Company, Inc.
Glover & MacGregor, Inc.
on
"Times" of Nov. 8 reported as fol¬
'
Paul H. Davis & Co.
Dempsey & Company
the outcome of the
the bond issues and
tax levies in the above city and
regard to
balloting
Auditor of the Board
lows:
of Port Commissioners, that the
F. C. Pratt,
Smith
undersigned only as
registered dealers in securities in this State.
and Richards & Blum.
Washington, or at the office of the
Fiscal Agency of the
State of-f^
Washington, in the City and State
Bennett,
Copies of the Prospectus may be obtained from such of the
are
'
Now
The Bank of the Man¬
ready
the
Pacific
may
Power &
—
hattan Company of New York has
now
of
Co.,
SECTION
re¬
jected Proposition No. 25, which
acquisition
Wyo.
Bonds Defeated—It is stated by.
election on
Nov. 7 the voters of the State
would have
ap^
WYOMING
the
Harper
Co., of Chicago, Ferris & Hardof Spokane, William P.
& Son & Co., Foster &
schools,
cover
grove,
York, A. C. Allyn &
was
3,
60% of the Tuesday total to be in
Corp., Lehman
Boston
First
bonds
calling for proved by the voters 011 Nov. 7.
$2,000,000 in bonds
No.
definitely
In the 132 city precincts, city put across with a vote of 20,855
in its favor and a negative vote of
proposition No. 1, calling for the
issuance of $3,000,000 in bonds for 11,371.
sewer
construction, received 20,Washington (State of)
429
favorable
votes
and
11,221
Public
Bros. of New
courthouse
000
new
Belling*
(P. O.
ham), Wash.
County
Bonds Voted—An issue of $800,-4
to
,
the issuance of
needed
Whatcom
10-mill levy, was
•Proposition
Marshall, both of Seattle, Kaiser
City proposition No. 2, calling
& Co., of San Francisco, Bramhall for the
issuance of
VIRGINIA
$500,000 in
&, Stein,
of Seattle,
Murphey, bonds for the construction and re¬
Danville, Va.
Favre & Co., of Spokane, Merrill
pairs of streets and bridges, re¬
Post-War
Building
Program
Lynch, Pierce, Fenner & Beane ceived
18,663
favorable
votes
Bonds Discussed—The City Coun¬ of New
York, Waldo Hemphill & while 11,942 voted against it.
cil met in session on Nov. 10 to
Co., of Seattle, E. M. Adams &
In the school district vote, pro¬
consider
a
$250,000 bond ordi¬
Co., of Portland, Grande & Co.,
nance.
The
proceeds from the Harold H. Huston & Co., and position No. 1, calling the eightmill levy, received 21,567 votes in
bond sale would be invested in
Badgley,
Frederick,
Rogers
& its favor and
10,568 votes against
government securities until the Morford,
all
of
Seattle.
The it.
war
ends and the money then
group purchased the issue
at a
used to make needed improve¬
price of 101.67, a basis of about
ments in Danville's three utilities,
1.433%. Dated Jan. 1, 1945 and
electricity, water, and gas.
due Jan. 1, as follows: $1,000,000
These would be council bonds
This advertisement is not,
in 1946 and $500,000 from 1947 to
and would not be voted on by the
1956 inclusive.
(
in
proposition No.
a
the affirmative column.
posed of Blyth & Co., Dean Wit¬
ter & Co., of San Francisco, Seat¬
tle-First National Bank, of Seat¬
interest date thereafter at
the option of the University.
tle,
Second best bid was a joint of¬
fer
Sale
Bond
district
2, asking for
9,991.
order
'
School
millage
received
any
IV2S.
and
to be assured consideration and all
bond numbers
for
levies
issues needed at least 13,748 votes
municipal
transportation
refunding revenue bonds
offered Nov. 16—v. 160, p. 1911—
be redeemed at par in
were awarded to a syndicate com¬
1950, may
on
bond
$6,000,000
(Continued from page 2239)
Bonds maturing in 1947 to
1950.
reverse
district
Seattle, Wash.
>
State and
Monday, November 20, 1944
Incorporated
@FedFRASER