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NOV 2 2 194.3
MONDAY
m
:flJ^
I
w
«5|
i*
Reg.
Volume
158
Number 4231
New
U.
S.
Pat.
Office
York, N. Y., Monday, November 22, 1943
Price
Cents
60
Copy
a
©eneral Corporation and Investment Mews
RAILROAD
Acme Mining
The
Security
registration
capital
the
stock
Exchange
San
(par
Commission
Francisco
10
Mining
of
cents)
ordered
has
Exchange
be
company,
of
that
the
Balance
1. to
Sept.
Premium
assessable
143,
MISCELLANEOUS
-
30, 1943
Aluminum Manufacturers, Inc.—Merger Ratified—
(deficit),
See
Aluminum
applicable
expense
Aetna Life Insurance Co.—Divs.
such
to
bonds_—___
Total
The
Xor
directors
dividends
The
the
on
of
rate
3'}
The
in
of
and
where
payable
allowed
left
be
to
in
with
rate
is
present
less
participating department
company
for all payments
dividend
on
accumulations
158, p.
of
principal
of
retired
and
Jess
applicable
of
discount
into
common
and .expense
income and
"■Operating expenses and taxes
Part of consideration received for the
ferred convertible stock in
earnings
Other
$443,053
Drl,856
income
from
$338,245
Dr6,530
$441,197
_
$331,715
30,
bonds due
1943
($34
1950
income
Interest
and
other
income
Net
I—
deductions——
„—_
'Including Federal
Assets—Property,
S.
under
trustee
Government
376;
prepaid
total,
$268,035
—
Sheet
172,505
issued Jan.
1
Balance, Sept. 30,
-V.
158.
p.
5
'
—
7,820
69,300
at
Sept.
current
(60,000
30,
redemption
shares
(no
1943
171,600
values,
\
;
$401,150;
In
ac¬
This
of
Issue
$1,331,300;
Stock and Sond
Quotations
'■
Curb
Exchange
2069
Stock
Exchange
York
Baltimore
Chicago
1942
343,378
345,961
$52,945
$41,971
Dr2,229
1,556
$50,717
$43,527
24,168
23,917
$26,549
$19,610
earnings..
income
income
Interest deductions
'Includes
Federal
income
Balance
.
.
.
taxes
Sheet
Stock
Cincinnati
10,500
—
at
Sept,
1913
80,
Liabilities^—Capital stock (1,000 shares,
current
in
liabilities, $78,529;
aid
Los
Stock
Exchange
Years Ended Sept. 30—
Total operating revenues
Net
fixed
Other
2076
2077
Exchange._
Stock Exchange
Interest
.
Net
'
Combined
938,633
$389,796
1,582
5,258
C;
$391,378
$338,231
deductions
178,993
_
_A_-———.i—_
.
$332,973
Condition
Clearings
.
of
Federal
—V.
payable)-:
1341.
158, p.
.
-
./
Stock
Statement
Reserve
of
Member
System.—
Banks
of
—2081
and
Bond
Averages
87,281
1943
income
—i—_
$4,227,464
American
1942
$4,133,706
3,150,846
$1,263,171
452,761
225^766
$1,715,932
53,000
$1,169,096
$1,662,932
$1,098,096
Alliance Public
39,529
See Ohio
Gains
Net
from
and
income
♦Provision
Net
security transactions
for
income
Less gain
bonds,
gains
estimated Fed.
and
thereon
________
__
taxes
on
income.
The
Balance
♦No
carried to
excess
earned
surplus (deficit)—
profits tax.
stockholders
Under
■
593,004
224,269
$873,827
.
the
the
Co.—V.
158, p,
1821.
Split-Up Approved
for
158,
Inc.
stock,
3-for-l
each
—V.
12
merger
is
share
split-up)
common
p.
Nov.
on
Aluminum
approved
into
the
proposed
the company of
Manufacturers,
three-for-one
its partially-owned
Inc.
consolidation
Manufacturers,
preferred
(after
$1,069,928
Service Co.—To Merge—
Service
split-up and the
subsidiary,
purchase and cancellation of own
carried separately to earned surplus
—
Public
Aluminum Co. of America—Stock
on
(deficit)
Of feting—
—Merger Also Ratified—-
71,000
stock
gains
Inc.—Secondary
$943,330
_______
before provision for taxes
Net income
Aviation,
Blyth & Co., Inc., offered Nov, 15 in a secondary distri¬
bution, 10,000 shares of 4% convertible preferred stock
at $25 a share, with a concession to dealers of
$1.50 a
share.—V. 158, p. 1629.
2,964,293
—
_—
to
158,
do
the manufac¬
with
1725.
p.
Stock—$5
stock
Annual
Preferred
15,
both payable Dec. 13 to holders
15
cents
each
and
Sept.
15
June
made
were
15,
on
the
year.
this
In
the following dividends on the latter issue;
and Dec. 21, 25 cents.
The company has no
will
of
of
year-end dividend of 30 cents
usual annual dividend of $5
the
paid
policy.
The
stock was
barrels
a
and
sell
on
distribution of $5 per
21.—V. 158, p. 1630.
share
Dec,
Co.—To Sell Whisky to Common
Stock for Redemption—
Preferred
its
to
whisky,
on
annual
last
made
Nov.
common
Russell
inventory/of
announced in a
stockholders its
President,
Brown,
14.
\
and
Calif.
of
..
details
will
be
made
to
all
common
stockholders
laws to
an
which
whisky sales are subject, Mr. Brown said.
^
he added, will continue as a manufacturer of alcohol
and will also maintain its present profitable bottling
and rectifying operations.
;
for
cpmpany,
war
The
all the
share
Nov.
purposes
directors
156,273
plus
1
7
to Dec.
have
also
shares of
cents
a
taken
action
to
redeem
on
Dec.
2,
1943,
preferred stock at the call price of $10.25
share
2, 1943.—V.
on
account
of
accrued
dividends
a
from
158, p. 542.
000,000 in Notes—
Earnings for Nine Months Ended Sept. 30
ordinary expenses
Extraordinary expenses
charge
2063
'
_
(Including Wholly Owned Subsidiary, Terminal Shares. Inc.)
Total
in
American & Foreign Power Co., Inc.—Amends Debt
Plan—Would Pay Bond & Share $5,000,000 Cash, $30,All
Alleghany Corp.—Earnings—
Total
10
its
Appointment—
Vice-President
having
declared
16
March
cents;
company
Sausalito,
The
2081
•"Includes Federal income taxes (no excess profits
tax
Nov.
company
canceled
and
adequate period subsequent to the record date to be fijeed
will be given for all stockholders to participate in the purchase.
The proposal in all respects will be governed by Federal and State
2081
_—
__
Statement
15
Announcement
soon
—2080
Transactions N. Y. Stock Exchange
2063
Transactions N. Y. Curb Exchange——2063
$154,686
63,007
and
2081
Banks
Condition
183,545
$212,384
of Bank
Foreign Exchange Rates.
$1,271,606
:
i.-_—
income
order
an
investment
an
The sale, the statement continued, will be "pro rata and upon an
equitable basis," with the rate of distribution approximately one barrel
of whisky for each of the 250,000 common shares outstanding.
The whisky will be sold to the common stockholders at its cost to
the company,
which was estimated at $8,000,000.
This would make
the cost of whisky to the stockholders about $32 a barrel.
The sale
of the whisky at book value was defined by the company as equivalent
to approximately half the OP A ceiling
price value, which is about
$62.50 per barrel, excluding Federal and State excise taxes.
The whisky, the. announcement said,
is four years of age or less,
and most of the'inventory is stored at the company's principal plant
in Pekin, 111.
Other plants are at Philadelphia, Pa., Boston, Mass.
_____
Payable
appointed
preferred stock,
preferred
The
Features|s|S
Reserve
other
and
issued
be
to
Company Act
war.—V.
Distributions
29.
statement issued
General Corporation and Investment News_2037
State and City Bond Offerings and Sales
2093
Course
Nov.
on
dividend
245.000
-2077
_
The
$1,318,435
928,639
tsixes-
income
Dec.
the contractual relations between the
of
Common
Stockholders—Calls
2077
Curb
been
of
American Distilling
2076
Stock Exchange
Federal
Gross
ceased,
Government
common
company
16,
the
on
2076
1942
U. S.
on
the
stock
the
March
2076
__
has
munitions
on
Nov.
record
1942,
2075
.
Dividends Declared and
1943
earnings income, net
and
Colortype Co.—To Pay Year-End Dividend
directors
common
Toronto Stock Exchange—Curb Section
2079
Over- the - Counter Markets.
2 _——.2079
for depreciation, $158,908;
of
of
2075
Angeles Stock Exchange
Toronto
15,450
V-.;
the
sale
share on
Montreal
Alabama Water Service Co.- -Earnings-
and
Commission
Investment
the handling
and
share on the 5%
St. Louis Stock Exchange
of
operating expenses
profits.
cents;
succeeding to the functions and duties of
Hedgcock—at the same time retaining under his
per
Redemption Calls & Sinking Fund Notiees_2090
♦Total
8
capacity
E.
2074
Philadelphia Stock Exchange—
Pittsburgh Stock Exchange
construction, $6,296; capital surplus,'$416,631;
surplus (deficit), $144,696; total, $905.670.—V. 158, p. 941.
earned
that
per
__2075
Exchange
par), $1; long-term debt,
no
reserve
Stancliffe
Cents
30
The
2074
Exchange
Stock
Cleveland
Assets—Property, plant and equipment, $735,250; Cash, $55,220; U.
Securities, at current redemption value, $85,740; Accounts
receivable, $16,999; Materials, supplies and merchandise, $8,546; Pre¬
paid
taxes,
insurance, etc., $3,213;
deferred charges,
$702;
total,
$905,670.
IV. v;:v ■' ■■
v <,/■■■■
:
contributions
1.
June
Dividend—
S. Government
$390,000;
realized
from
extra
follows:
as
has
the
of
2074
Montreal
income
of
2053
New
$387,932
,
L.
American
Page
Stock Exchange
Detroit Stock Exchange
.
the
and
were
Exchange
meaning
William
and
ture
New York
-
1943
late
company
long
$396,323
♦Operating expenses and taxes
-
cents
capital
1125.
corporation
personal control
-Income Statement-
Sept. 30—
Operating ' revenue
Net
the
sales—in
the
Boston Stock Exchange
Alabama Natural Gas Corp.
Gross
income
p.
and
that
William
reserve for deprecia¬
amortization, $1,010,362; reserve
for maintenance of gas
benches, $1,948; contributions hi aid of construction, $28,747; capital
surplus, $256,764; earned surplus, $737,063; total, $6.664,631.—V. 158,
Net
4
the
,
debt, $2,752,000 current liabilities, $546,448;
Other
of
on
registration as such. The company has merged into Pacific American
Investors, Inc.", which has assumed all its debts, liabilities and duties.
158, p. 1029.
'
$91,487,981
1437.
and
12 Months Ended
share
per
American Car & Foundry Co.—New
par),
term
941.
cents
Dividend—
dividend
extra
an
6
Capital Corp.—Registration Canceled—
Security
declaring
1,380
If) tit
tion
p.
declared
—V.
$6,664.63!.
stock
V
-.-V
dividend of
1942
158,
American
materials, supplies and merchandise, $35,insurance, etc., $16,942; deferred charges, $56,678;
Liabilities—Capital
10
regular
during
cents.—V.
The
$200,475.;
taxes,
$1.15
1525.
p.
to Sept.
and
at
Nov.
on
a
investment
net
Payments
1,
within
$159,210
$1.61
————
158,
par
from
$91,478,781
coupons
share)
per
$344,376
$1, both payable Dec. 1 to holders of record Nov. 15.. Other
distributions
made
during the current year were: June 1, 6 cents;
and Sept. 1, 4 cents.
The current regular dividend is payable entirely
30, 1943
equal to $6 per share, respecting 230 shares of
prior preferred convertible stock issued Jan. 1 to Sept. 30,
1943 in exchange for interest
coupons from bonds due 1950
equipment, $5,669,835; funds deposited
hiortgagc indenture.. $925; Cash, $283,251; U.
first
Securities,
receivable,
counts
173,162
taxes__
income
plant
■
,
—
Balance
with
—
figures.—V.
share and
stock,
Amount,
Gross
75,000
$481,428
—
directors
The
issuance of prior pre¬
230 shares
on
500,700
239,000
American Business Shares, Inc.—Extra
742'
1,662,932
Balance, Jan. 1, 1943______________
2.932,004
2,896,129
—
Surplus Sept.
1942
'1942
$920,076
1.399.000
,
share———:—
per
'Revised
——$72,194,781
—_
contingencies
income
Earns,
capital
'
exchange for interest
Net
Net
per
1943
1943
$2,119,428
profits taxes———-
excess
applicable
gains, from income statement—
(deficit), Sept. 30,
and
74,066
itfX'&v*
Corp.,
:
_:
of
thereto
Alleghany
for
and Ohio Railway, over cost of such
unamortized
$3,270,249
$3,339,182
——
1629.
p.
Subs.)—Earnings—
—
Reserve
V
1943
—
158.
Sept. 30—
income
855.
30—
;
bonds
thereto
Balance
above.—V.
profit
Federal
of
expense
of
Paid-in
Sept.
revenue
bonds
conversion
upon
stock of Chesapeake
stock,
Balance
12 Months Ended
discount
principal amount
$4,000,
will
guaranteed.
Alabama Gas Co,—Income Statement—
Operating
of
amount
unamortized
Excess
interest of 3 V will be paid in the non-participating
held by
the company except where a higher
guaranteed.—V.
Net
Alleghany Corp.,
$1,951,000, over cost of such bonds purchased and retired,
scale
dividend
year.
the
the
allowed
higher
a
the
next
funds
on
been
be
to
continue
to
policies
1944
rate of
same
has
rate
interest
except
department
voted
policyholders
proceeds
falling- due
be
have
to
America
667,812
$73,932,521
Excess
of
American Barge Line Co. (&
9 Mos. Ended
Unchanged—
Co.
on
1549.
p.
Surplus (Deficit), Jan.
INSURANCE
-
Jan. 1, 1943.f—
; $73,264,709
$22,643,000 bonds of Alleghany Corp. called for
redemption July 3, 1943, plus unamortized disccount and :v
the
withdrawn.—V.
INDUSTRIAL
-
Earned
Co.—Registry Withdrawal Ordered—
and
on
PUBLIC UTILITY
-
share
1821.
agreement,* preferred stock of Aluminum
exchangeable for Aluminum Co. of America
for
share,
and
IV4
shares
of
common
stock
of Aluminum Co. of America will be exchanged
of Aluminum Manufacturers, Inc.
outstanding,
VA:
The
company
has filed an amendment with the Securities and
Exchange Commission to its proposal to retire a past due note held by
Electric Bond & Share Co. in the principal amount of $35,000,000.
Under the amended plan company proposes to pay Bond & Share
$5,000,000 in cash on account of the note of Feb. 15, 1935, and for
the balance of $30,000,000 to issue to Bond & Share 3% notes in the
following principal amounts and maturing 1, 2, 3, 4 and 5 years,
respectively/from the closing date: First, second, third and fourth
year $3,000,000 each, and fifth year $18,000,000.
Under the original proposal filed on Sept, 14, last,
the company
planned to borrow $30,000,000 from a group of banks on its serial
notes/with interest not to exceed 3%
per annum.
The $5,000,000
cash payment is to be made out of funds in the company's treasury.
It is further proposed that Bond & Share will sell from time to time
bonds
having a total principal amount of $4,488,500 representing
12 issues of nine utility companies.
With the proceeds of the sale of
such bonds and the $5,000,000 cash which Bond & Share will receive
from
Foreign Power in part payment of the note, -Bond & Share
will acquire its $5 and $6 preferred stocks by purchase in the open
.
market.
By
will
out the proposed transaction Foreign Power stated it,
cash savings
in its interest requirements of $1,200,000
carrying
effect
yearly.
Bond
&
Share
stated
it
desires
to
-utilize
the $5,000,000
cash
and
*3
Tfn W'I1,'
iU&A&ui
laai^j'iiiiaii'Uiii^'Hf^-
ilfliiliUillw
THE COMMERCIAL & FINANCIAL CHRONICLE
2038
proceeds from the sale of the bonds listed, in acquiring shares of Us
outstanding $5 ancl $6 preferred Stocks,/.in the open market, thereby
enabling it to improve its' financial integrity. By the expenditure of
cash, a -substantial, reduction has already,,been1 ancl vfill further be
achieved in the reduction of its outstanding preferred with consequent
reductions
requirements!
dividend
of
K.
that
Electric
The
C
E.
the.electric rate reduction
Dec.
which
158.
17.
'
a cable
ordered by
was
declared
10
dividend
a
distribution
of
cents per
10
share
payable Dec. 30 to holders of record
made
was
June 30
March'30,
on
per
share
the
on
$10
record
par, value
1.—V. 158.
Dec.
and
".
dividend. of 75
preferred stock, payable Dec.
p. 634.
'
:
'!'
American Telephone
Period Ended
company
directors of
the
Nov.
on
Morehead
15
Herbert
has
been
Mr.
H.
Patterson
Chairman of' the
as
The company
President.
as
memberof
a
of
Leonard,
the
is
President-Treasurer
chinery Corp. of
next! few days.
Subsidiaries Consolidated—
Buffalo,
operating
/"/1
,1,499.581
24,6*61,054
of,.
,
to' succeed
board,
and
past
the
Leonard- for
18.409
294,438
income
President, when
been
vacant
the
past
year
tb
242,974
funded debt
Int. on
Other
24.955,492
since
601,346
608,242
7,233,598
87,500
engineering
/'///•■-; y;>T -T"'
Net
con¬
59,166.
323,692
27,695
712,593
Mr.
3,884.099
American
Morehead
of
Mr.
The
of
Foundry '/'
Patterson
Board
devoted
has
$2.25
1630.
3,884,099
Divs;
for
on
stocks--
998.653
558,360
13.125,203
stocks. 1-'
845,007
385,022
8,866,769
com
com,
644,006^
&
Light
Co.— Files
to
Dec.
15,
Reclassify
'
the
stock,
regular
at
the
/g
':K
*_
quarterly dividend
payable Jan. 15 to
of- $9 per share
$100,
par
Distributions
rate
including 1922.—V. 158^"
v!T'!"'v. /,77.!:'-!;:v:!' -;;77 ;T,.7'7
-
Viscose
negotiation
'
declared
been made regularly since and
7''T;:Ty'7//.7;.
American
17
the capital
on
record
v
T TT ■.7-T;:
7
21,988,493
21,537,703
126,926,307 125,244,950
7'
Corp.—Quarterly Report—1942
Re¬
Completed—Plant Expansion to Cost $21,T ■:.;771.T:;<;%f7VyT'r-;// :.77,'/■'-•■/
'
v»
•
;
7',
7
•-
■,*•••
.
1
1
,•
*
v
1
1,'
"
■
.
Corporation
reports net profit,
including the post-war credit
respect to the Federal excess profits tax, of $1,507,342 for the
in
quarter
■
ending
Sept.
ments,
to
30,
1913,
equivalent, after preferred divMend require¬
per
share of. common stock outstanding.
These
with $1,790,923, or 86 cents per share of common*
stock outstanding, for the third quarter of 1942.
After reserving from
cation of
its preferred and common! stocks. into a Tingle
cla%!.of
net profit
the amount of $240,100 in respect to the Federal excess
capital 'stock, 1'.'
7
7. ."-'7"
.,!:7'!-.'v- ;>:C ■•■•T ■-;/;!-;,7:
profits tax post-war credit, the, remaining profit, si,267,242, carried
Company has presently outstanding 793,581.2. shares (including scrip) ; v to the earned
surplus account is equivalent, after preferred dividends,
of $6 preferred stock. 978,444 shares of
$5 preferred stock and 3,008,to
56
cents
per
share of common stock outstanding."
Earnings on
5:1.54 chares (including scrip) of common stock.
Under the proposed
this ba«is rompare with $1,483,723 or 68 cents
per share of common
plan for reclassification each, share of the present $6 preferred stock
stock for the- third quarter; of 1942.
-7777 7
'777 "V7 7-y; 7T "7,.
would be classified into ll's shares of new
capital stock; each/share '
The
corporation informed
its stockholders on
Nov.
1,
1943
that
of .85 preferred stock would be classified
into 1 share of new; capital
renegotiation proceedings, for the year 1942, Undertaken pursuant to
stock; and approximately 14 shares of common stock' into one share
Section
403
of
the
Sixth
Supplemental Defense Appropriation Act,;
of the new capital stock.
/'.;7,VTA7!'-"■
77'o:'-''.!:':-7-!77-.'v-V'.7".'7:7;
1942, have been completed without refund to the Government of
any
Under this proposal the preferred stockholders would receive 90T !■■'!
profit on war work.
7,,; ,7</7 77,;-.77, 7..
7.../' 77;
" ':/■
and the common stockholders 10 L
of the. new capital stock. TT'T/T-yT
Mr. William C. Appleton, President, stated
that the corporation is
The American Company has pending before the U; S. Circuit Court
expanding its plant at Front Royal, Va., at the request of the War
of Appeals, in Boston,, an
appeal from a dissolution order of the SEC.
Production Board,
to
produce
an
additional
57,000,000 pounds per
Irrespective of the outcome of this litigation, the directors of. the
annum
of its "Rayflex" yarn for tire cord to be used in connection
company have stated and the declaration recites that "It would be
: with the Government's
synthetic rubber program. The estimated cost
desirable
to
eliminate
the
arrears
on
American's
preferred
stocks • of the additional plant and
equipment is about $21,000,000. In addi¬
which, on the basis of the present consolidated earnings, it- would
tion,, the corporation has been directed by the War Production Board
take.a number of years to pay off, and this could be done by reclassi¬
to convert certain facilities at its other
plants to produce 28.000.000
fication of the present stocks into a single class of capital stock with
pounds per annum of its "Rayflex" yarn and to twist and weave
each of the present classes of stock receiving its 'fair relative share •
it
into tire fabric:
7-7/7:.7../y ; ■ ,7!'.; .";7T;7./,.:-7 ./".;r7 ,
.V-"
of that capital stock."—V. 153,; p.
1726.'7-:!" - .':i - •' ■:l7-..(!" 7
:7-i-7. 7:7A7'"'L: Earnings for Period Ended Sept. 30 ■
77./ ■
Company
with
Bal.
Power
2,813,057
,
Nov.
on
per annum have
p.
943.
p.
2,546,963
All-.,41,650,238: 37,773,016*
share
per
of
April,V1943.
Washington where he is aSsistaht-.To
at
-
income
directors
holders
For,;;-!;
part of his | time!
in
Patterson
9,810,758
Usual Dividend—
■
Stock Into Single Issue—
458,525
■323,692
741,000'
155,703,445 142,478,290
8,566,640
85,774,930
73,947.334
5,962,9717, 47,940,022. 46,993,253
4,885,410
operating
Net: income
T!y,! -f.
Consolidated
Col, -Bradley Dewey, the Rubber Director.—V. 158,
7.302.265
'
.
156,444,445 143,12*2,290
17,342,668
Operating taxes;
/%y;> 7/,V'T'! /:-%/'%/'7• "■•■,"!;/
y/-,:•
the death
the War Production
22,793,260
.'.. V
.
pfd.- stocks-—;
on
1,517,989
deducts,
and
int.
Divs,
1,982,857
—-
7
1943—9 Mos.—1942
17,430,168
72,000
oper.
000,000—7
Gross
17,315,131
17,243,131
year
L.; Patterson, as
the latter became chairman of: the. board.- That office
has
'22,550,286
24.684
...
/'■/:.-yy'
Co.
109,518,004 103,883,529
84,856,950
81,333,243
1,958,174
income
Operating
Other income
-7,'• h,:
8,762,161
7,262,581
7,507,227
exps,.:
conces¬
„.
Co.—Earnings-
rev
Packaging. Ma¬
from which he will Resign within the
Y.,
N.
of
board
its
-
Mr. Patterson has been-associated with American Machine &
for many years.
In 1941, he succeeded Rufus
:7/;$ 7;/7
// '$'//;•
:-G
! 9.465,400
Operating revenues... -//
/*Total
1943—12 Mos.—1942
!/ ;,:■/,' .$.*
»2!
& Telegraph
1943—Month—1942
Operating revenues;.
Operating expenses7./.
:
also /announced the election
Mr.
of directors
•/;
board
the company.
Leonard
theelection.! by
announced
late Ruf'us L. Patterson.
of
Income'/TT/y;
1943—Mont h—1942
30—
/'/•:/, /■; ■$
&
„
The
■
End.' Sept!
Sept. 30—
revenues
Uncollectible
■
Period
a
1943
Special Offering—Smith, Barney & Co. made a,special
offering 011 the New York Stock Exchange Nov. 13 of
6,000 shares of common stock (par $25) at $56; per
share,
with a commission of $1.10 a share.—V.
158,-p. 1126.
American Machine & Foundry Co.—Elects New Chairman and President—
>,«' ,
\/
*
Comparative Statement of Combined
similar
A
holders of
to
(& Subs.)—Earnings—.
Electric Co.
&
Nov.
011
15
sultant
American Gas
;
• -;
(par $25). The price was $57% a share, with
sion of $1.20 a share to NASD members.
Operating
'
1725.
p.
directors
cents
for
been totally suspended by, the-Government.
negotiation
discussion and
:/—V.
%"■
Sept, 30, last, and in each quarter during 1942.
: •
The directors also declared the
regular semi-annual
authorities in'Mehcloza, Argentine, in early September, and
was partially suspended a ftnv' days latei't has ..now, after further
public
;/,'//./!/; V';';-
the $1 par value common stock,
011
received
that his office has
decree which
stated
President,
Calder,
that
stating
1725.
p.
Harry
■
Reduction Totally Suspended—
Hate
158,
B. Seymour, and
,
The_ declaration adds the sound
preferred stock dividend requirements.
The
Securities and
Exchange Commission luis. set a hearing
Nov. 29 on the proposed transactions.
•
•■
'
.;' ;./-;
' ■
Wrench.—V.
Vera
itl^iiiWi»^^h<i>-r^rtW^Mij^rti>Wlii^^&if^iia«Wlii*aii>i<^nMiaiiiBfelB>in»iiV^'Mit
Monday, November 22<
American Insulator Corp., New Freedom, Pa.—Divs.—
procedure for any corporation is to etlect a reduction of
stock with the use of cash which can be applied promptly
purpose which in
turn will result in a, reduction of annual,
business
-Million, .Gerald T. Mullen, Samuel Sewall,
■
preferred
to
3^'"5»!'Si'"'^r*5''<T
'•■'CM.
'!? •Ji'V- ' T'77
the
.
(a
SEC
subsidiary of Electric Bond ;and- Share Co.)
declaration
a
Utility Holding
11,148,372
9,366,450
Company
under
Act
Sections
6
forth
setting
the
for
proposal
a
has filed
Public
7 of
(a)' and
earnings
reclassrfi-
cents
70
compare
.
;
Undistributed
■
net
in¬
-7'7!/7'
-
1
of
come
.7/7.
subs.
153.447
193 338
4,258,434
1,781,922
4,258.434
1,781.922
8.866,769
9,366,450
American Gas & Elec. Co.--^.,.. ;
Und.st.
net.
Divs!
subs.
Divs,
of
as
on
'
income
:::!
■:■■
'
above.;:. 7
com.: stks.: of-
subs,,
!
153.447
.
193,338
>,../. :7:!:U/%. 77!' 845.207
pfd. stks, ■ of
365,022
•
on
subs.
Int.
;.!:;..
54.165
&
bds.
on
adVs.--'
'"I
'
-
,
649,978
'
'
Balance
772,001
.[>'■ 847,210
2.598
/l;/;/7
income
&
taxes
64,163
2,215
42,363
34,821
678,902
14.589,545
12,680,380
26.457
256,230
330,759
652,445
14,333,315
12.349,621
1,077,773
1,105,220
632,855
518/137
1,689,209
1,639,209
/.:!./!
income
Total
Gen.
-•''-!
649,978
63.338
subs.-.
Other
'
7
54.165
1.118.754
net
exps..
20.176
,7
;
1,098.578
./•-_
:
.
'
Int.
misc.
cieclucts.!.7
inc.
&
taxes-
Federal
Divs.
pfd.
on
Bal.
for
88.353
stock..
stock.!:/
com.
90,640
55,577
29,56*9
140,767
•
140,767
813.880 7
*
391.468
10.933.478
.
:
,
American
9,037,055
&
"Includes:
Fed.
!
//v. ."'•/•
■
inc.
taxes......
tExcess prof,
tAfter
the
the
be able to
rib
in
$885,017
of
the
credit
post-war
be
restated
to
reflect
the
provisions
of
the
as. a
Period End. Oct. 31-~
Act
Revenue
months
An
extra
dividend
stock,
An
dividend
of
40
:■
.
of
of
cents
30
20
cents
Income; from
v
Interest
1943
Month--1942
/
Sales
of
•
-V.
1
19,936,792
—
158.
20.218,418 168.020,224 170,864,837
payable
cents
have
Dec.
15
share was
per
and
been
the
holders
to
paid on
of
quarterly
the
on
16,
Nov*.
last,
;
17.
period
the
!/-77/'-/
(The Securities q.nd Exchange Commission
date
for
Power
hearing
a
Co.
and
has
consolidated proceedings of
on
American Gas &
Power
Co.,
with
sell
to
Alpha,
American
Gas
that
propose
American
Massachusetts voluntary association,
a
Utilities
Associates,
Gas
all
the
decrease
a
amounted
has
accrued
of
to
22'/ /Net:
$319,073
months, of
been
in
1942
year
was
ing
its
consisting of $5,910,000 of
$38,000
to
.;! 7
The
•
which
will
immediate
also
shall
has
is
company
income
/
termination
of
;
been
it
included
1943,
in
1942.
..After
income. for
in
source
the
Nine Mos. Ended Sept. 30— 7'
■;
Cost
sales/less returns
nine
-
'
for
■
amounted
i'
si 10.064
to
beneficial
for the
all
1943,
ing
interest
of
sum
Associates
at
of
and
31.
1943:
nine
face
58,661.6
the outstanding shares
shares, par $1 per share),
to
amount
shares
contract
a
of
serial
196.55"; V
dated
Sept.
non-interest
of
!;-7
capital stock (par S25 per share) of Lowell,
serial obligations and shares of
capital stock of Lowell
are held by the public.
v;
/;■':
be
and
American
deposited with The
Gas
New
propose tlmt the
York Trust- Co. as
Provision
28,
Net
bear¬
to
up
of
$4,000,000,
funds
7' ;
case: of
and
Statement
•
•
requires it
.
an
■
;./,
-
to
be
to
7!..'
•
'!
together with the
pledged
Co.
and
debenture
and
Lowell may
the
agreement
things,
written
security
subject to
are
The
other
as
855,146
the
debenture
$4,950,000
58.199
167,272
therefor,
are
the
lieu
of
that
such
provides
,
the
of
certain
to
or
holders
all
of
the
agreement
and
i
time
"Uv
01
interest
_
upon
in
ments
The
the
plan
common
of
after
the
United
cf
'
:
.
"
in
any
proposed
theTien
of
Cash
12,807
Prov.
1,140.000
50500
requests
that
the
order
of
of
S7:
predicated do
provides
that
American
and
common
were
that
and
Gas
the
that
stock,
the
of
be
value
American
instead
American
approval of
Gas.
to
be
the amended
memoers, as follows: J,
B.
exist
authorized
shall
par
not
of
Gas
700,000
each
that
i,bailed
plan bv
shares
such
the
share
shall
share
s
for
of
initial
Gallagher,
soon
bdorrt
accounts
refund
receivable—less
—
*-
.1
323,829
;
'7/.' '•
$2,009,458
1,887,108
15,602,987
1942
87.124
of
Federal
profits
excess
taxes
-7
11.206
of
week
17,429
of
the
over
1942.
output of 74,865,100
"
!'/':'7.
kwh.
profits
excess
.
tax,
/'i;-7/.,-7.
Inc.—-Output—
for the corresponding
7. ,/://:-•.
Comparative, table of weekly output of electric
five years follows:
7-77- 7'^'/''■/. ••-■•■" 7 '*/'
2,287,630
2,756,968
V 76,739;
Week EndedOct.
34,000/; 7——7'
reserves-//—/
of j>ost-war credit, Federal
158, p. 1238/
gendral reserve:—V,
a
26,969,68CJ
142,969,410 138,596,211
Output of electric energy of the electric properties of this company
the week ended Nov. 13, 1943, totaled 83,257,000 kwh., an increase
82,619
-
respect
7J—/—
for
2,763,426
.
!7_—Ll7w.-//-—
.1,156,000
42.000,000
27,555,728
American Water. Works & Electric Co.,
7;7 7 7
$836,066
23,2357
--;T7/.:7;.:-_f;J7-2/—2,134,200
-J--—-2....—--'/—42,000.000
in
1,640,410
reserve-
surplus
as
84,660,000
:
83,483,000
75,789,000
83,257,000
30..:
Nov.
-
—V.
6%-A
13;
....
1942
1943
-
23/—
.
Oct."
1
payable
payable
on
Deferred
Sept.
income
for
1941
/
75,084,000
74,553,000
69.808,000
74,865,000
energy
69,502,000
67,999,000
for the
lusU-j
"7'
7
69,304,000
75,731,000
1940
1939
57,061,000
58,570,000
58,153,000
58,981,000
55.645.000
54,923,000
55,518.000
54,914,000
1933,
158, p.
•
Capital
Earned
108,448!
■
—_■/_■—
1,020.000
—
The
directors
67141
*7 150,000
/—.
'
3,778*!615758.734
——
1,988.968
7
35,625
25,670
'
100,000
3,778,615
71,732,605 '
on
Nov.
17
oii
declared
the
7 7
a
$2 Preferred Dividend
dividend
cumulative
of
$2
per
share
preferred stock,
on
pat^
Receives Tax Refund—
The
1941
fund
has been granted a' tax "refund of $621,810 on it?
according to the-Bureau of Internal Revenue.
The' rebecause of- allowance for additional deductions, - the
said.—V, 158, p. 1342.
•
•
company
;
758,734
,
accumulations
10 to holders of record Nov. 30.
Similar distribu¬
tions were made on April 15, July 10 and Oct. 15, last, and on April
15, Aug. 12, Nov. 17 and Dec. 10, 1942.-
1,180.000
v
«■
r
of
$100, payable Dec,
•
'
.
7——//
7—,—
216,677
T, 714,605
:
,
r'_—,—
(221,062 shares no par.)
surplus
surplus
.
.
account
—-
——
American WooleiDCo.—To Pay
178.348
273,158
tax
30,
contingencies-
Capital stock
$515,555
etc.-/—„./_7.:.:Y
1943.1 _—-—;——
payable—Insurance company,, 1946-1950payable isecxiredt
;—/
notes
Notes
1
.///—
—/
———
commissions,
Hess $907,510 U. S, Treasury
Accrued taxes
Notes"
$100,000
.
payrolls,
income,
was
Bureau
made
••
.
$8,599,619
—V^158, "pr635.
* ■
.
-
.
•
'
$8,820,879
Anlieuser-Busch,: Inc.—'To Pay $1' Dividend—
-**;''
nf
Neil
%
7 7" ';"7 ;'T
1943
———
investments—less
Accounts
Accrued,
A
as
Kalman, IX
Fed.
"Reserved
-
$8599,6197, $8,820,879 ■'*,
.Notes
•
American
0
c. o
r
Nov.'
e-tel
snare, tor each
.
.
1,156,000
Liabilities—
be
a
696,066
7 7
65,763,119
97,646
463,021;
■-
--
surplu^. '7_.2_-7!^,—T7-777.-%—
Total
$1.68
for ..excess
777'" 7
'.,! :,7.;
Miscellaneous
of
instead' of
twm-thin
the
1942
,
Reserve
prac°fc»ble
the Commission and bv
in the p"n
Sun ionsist
as
in
';":.! 77"
receivables
Postwar
also
shares
of
a
$980,000
and
-7—T,':. 3,678,416
bldgs.,. mach., equip. ..(less depreciation)':
2,731.465
Prepaid : & deferred ' expense's——i.7
.2-7- r
.•
52,881
debenture
issue^
will
one-quarter
1943
Inventories•
,
of
/
•'
7 233,534
reserves....^
77 '-7.;; /-;'
-77'-:
'77- !7/2 72
taxes deducted at source
$3,113,394
vacation pay and tuxes—,.J..—-/. 2,181.694
and State taxes on income-: .7,7/ 17,198.169
7
profits j: iSegregated
share/^-—_/_775L44
common
Land,
1
number
less
.Surplus
tEarned
Earned
subsid'arv
■
160,376
167,823
payable and
wages,
for
100,000
surrender value-—life, insurance.:!——./I
Other
release
Commission, modify
7.331.994
14,017,032
142,969,410 138,596,211
$371,727
supplementalthe
'/'T-
Sept. 30 '43 Dec, 31, '42/$55,141,634 $49,050,149/1
'
—..AAA-/—7/72/L7-—7'iLT'3::/
charges
"Earned
21,682
564,000
Comparative Consolidated Balance Sneet, Sept. 80
/
Customer
of
of
are
the
:-.:•/;/
notes-.....-
Res, for workmen's compensation insurance—95.000
95,000
Employes' war bond payroll savings fund--—..
167.823
160,376
Capital stock T/';. 27/-7;7_!:/27//i-.-2-/-..'!./u—48,523,402 .'- 48,715,602
$1,668,948
35,539
30535
$352,087
its order of
insofar
as
the order requires
that
the existence
of
terminated and that Associates be
liquidated and dis¬
the ground that the conditions
upoii which'said recmire-
also
of
interest
to
7;
tax
investments..—v 1,031,367
respect of Federal excess ;
and licenses,
Accounts
113,021
7-u_$319,092
'!
:
the
or
amount
certificates
condition
The
States. District Court.-4s-requested
sever
—2r_'_
.
Assets—
among
behalf
S.
-7-2,134,200
equip., less >re$erves-2/i7^7—- -!' 62,370,870
Liabilities—
;
$1,555,927
:7/7- 134,789 '
York
Associates
on
per
re¬
stock
agreement
of
or
principal
and
a
from
outstanding share of its common stock.
Community and American Gas propose
directors
$841.64G
$976,435
payable
"Including $407,000 in
Birmingham Gas Co., Savannah Gas
Co., Sc. AugusBangor Gas' Co,, Lowell ancl Associates.
s toe it
instead
share
/:*;.'■
rr__—_^—_r
-
tax.
in
609,000 shares,
$6
Gas.
release
1943,
Associates., be
solved,
I
for
and
bv
Earns,
supplements thereto and the
delivery to American Gas'
from time to time, of. all or any part of the securities
American Gas
July
of
American
,
tme Gas Co.,
v
securities
company of
would provide
agreement
of and
debenture
securities
proposed release executed
of at least 66^3in
affiliated
than
by
the
then outstanding.
Such consent
required under said debenture agreement as
less
held
capital
The New
U.
Total
•
Net .income
Co
Associates
the
only upon receipt by the trustee
certificates, and of $3,000,000 cash
debentures
Of
of
$1.89
in
tax
Accrued
"Estimated
without
agreement
note
shares of
$0.68
tEepresenting post -war credit
payroll savings fund—cash
3—:7T_3_-—ATa/-/ '
and
bldgs.
Deferred
1,047,213
199,325
-
Provision
agree¬
and New York Trust
be released
consents
registered
Gas
&
sec,
bond
credit
profits
7
1942.
-,
assets
>
Post-war
Patents
/;•
$0.56
,
Comparative Balance Sheet
■.;./
marketable
Land,
•
share...
com.
deducting 101 post-war credit.
excess
profits tax.
:.;':7'-7,;:;7
,v
Other
8,399.801
charges _7:
■!——-„
provision for, Federal income taxes..
for contingencies—
Sundry
supplemental
American
securities from
debenture holders.
The
above,
Lowell
Trust
between
releases of
of
consent
of
into
entered
permit
ferred
r
per
$8,726,759 $11,170,213
profit.-__.7_.__^__—-!,-_c„_._
notes
on
•
trustee
overall
ment
$4,176528
at. banks
7
,
orI
held
and
$4,121,547
$1.86
,
agreement and supplements thereto
'of'American
by it and paid, over to American Gas as
provided in
plan.
Community and American Gas propose that a
the
863.900
$1,483,723
Employ/war
and
cancellation
1943
allowances.
Total, income'
under, the debenture
Gas,
$5,040,428
978,200
/
Inventories
Income
7 7: ■ -!
■"
.
of
depreciation——;__r__7—7
-
operating
Interest
proceeds'of
net
$5,099,747
307.200
res.
Accts.7 receiv,, ■&- accrued "iftterest.^.2
! 8563,793
7—77/-.'/'7:12,863,.168.
:,
'
(2,100.4 shares)
successor
SI,790,923
240,100
Cash,
x
thus. providing
production
in
administrative expense;/..:7a.r—:
for
Other' income
outstanding
remaining
The
.
Community
sale
$1,507,342
profit
of net, profit,
Assets—
.
Agreement
6,830.642
^
the
common
2,347.000
7,773,100
"After
to
months',
7:7
of sales
Selling and
and
(20,000
pursuant
$1,624
owns
obligations
July
Associates
S900.000,
234.000
-
2.343,000
8.803.800
tax-„
—Federal,
,
of
351,000
835,000
2,764,800
Earn,
•••,-
effect
Loan
;
Consolidated
Gross
83,000
-
782,000
2.160,900
contracts'
war
giving
Termination
contracts.
war
;7:;v-'-'•/,
7'"/- 7V:"-7/7-'7'7
Victory
a
borrow
to
•
7
on'this item, the net adjustment amount¬
taxes
ready
(of
which a note
in the
principal amount of $4,950,000 is secured by
pledge of 58,199 shares of the capital stock of Lowell Gas
Light Co.
<owned by Associates),
including' unpaid interest which amounted to
$3,807,375 at
.July 31, 1943; accounts payable of Associates, which
100.000
tax & surtax
exc, profits
fAmt.
$500",000, this being $200,000 less
of
purpose
of working capital if war
a
7:-!-!7
with. $371,726
interest
notes
taxes.
norm,
Net
for/the', first
"-,77
.
for- renegotiation' of
amount
that
negotiating
enable
source
providing
DrG.085
Balance of profit;-;.:. ' $1,267,242
'
y i.:.7'.",:"7i-
•
compared
as
1942.
effected
the
for
ended Sept. 30,
period
respect
.
American
7'
.
period ended Sept. 30, 1943, amounted
compared with $11,170,212.92 for the corresponding
the additional income
American Gas's disposal of its interest in American Utilities Assoelates in compliance with the corporate
simplification clause of the
Public Utility Holding Company Act.
'
:
;
and
'
states:
_
to
Community
1943
settlement
A
set Nov. 29 as the
Community Gas &
subsidiary,
a
last year,
of
$16,597,547 $15,396,528
Dr322
$4,550,242
months'
corresponding nine
than
Co.—Hearing Date—
nine
$8,726,758.55 as
'for
American Gas & Power
Co.—Quarterly Report—
Taliaferro, President,
monthc
vear-,—
/;/..
to
■
common
record
March
1437,
p.
usual
declared
M.
Net sales for the
378,745
$5,473,723
£>>'312
income:
Income-
•
Fed,
'
426.470
Cr29,767
'
American Seating
H.
124.231
Dr 6,746
deductions
Total
"Fed.
7
$5,356,238 $16,171,399 $14,994,101
144,240
of
disposition
'
.
1126.
p.
$4,406,314
oper,,-;.'
earned V-v
on
;
Other
1943—10 Mos.—1942
\
:
.
'/7;';-%7':/
share
per
share
per
both
S10,
par
extra
158,
in
7,
i
■.
1942
October/the tax charges would be $1,579,699 for the
1942 I instead of 82,073.2601 and $19,312,625 for the
ended Sept. 30,
1943 .(instead
of $18,567,496.)
1943—9 Mos.—1942
from
securities
American Stores Co.—October Sales Off 1.4%—
as enacted in
Extra Dividend—
V.
Income
Net
;
year
1943—3 Mos.™1942
"7.7^;,/..$24,680,012 $22,793,510 $74,613,636 $67,239,338
oper.AA
6,124.822
6,963,111
21,287,589
19,929,634
Depreciation
7 1,718.508
1,611,873
5,116,190
4,935,333
sales
Net
..
of common stock (par $25) on the New York
Exchange Nov. i0 at 63%,..with: a dealer concession of 75 cents a share—V. 158, p. 1933.
.
.
Co.—Special Offering—Cowen.
special distribution of 2,540 preferred
a
month Sept.,
12
■
Rollins: Mill
effected
f
Stock
9.498,231 '
payment for Federal excess profits,taxes,,
Federal income and excess profits taxes for the
to
1942,
one
Co.
shares
7,656,263
against
the
were
:
7,421.545
11,145,950
the low post-war credit amounting to S 102.216 for
and 82,041,330 for the 12 months, ended Sept. 30. 1943.
retirement of
debt it is estimated that the 'subsidiary
7 companies will
If
743,707
1,329,553
deducting
to
credit
675.207
./ 919.943
tax/-,.
■
month
one
Due
/'"■:
.'"/:■
■
Tobacco
Co.—Secondary
Offerings-Smith',
Barney & Co. offered as a secondary distribution; Nov. 10
and quickly sold 12,100 shares of common z/'B" stock
;
dividend of
$1 per share
has been declared on the
to
holders- of
common
4
stdck,
record Nov. 17, • Similar- distribution
were made on March. 11, June 10 and. Sept. 1,, last.
Payments during
1942 were ,as- follows: March 12. and"' June "10, $1"each;- Sept; 10, 75
cents, and Dec. 10, $1.—V. 158, p. 856.
'
payable ,Dec. .6
.
Volume 158
Apeo
Number 4231
THE COMMERCIAL & FINANCIAL
CHRONICLE
Mossberg; Co., Attleboro, Mass.—Earnings
Income Account for Nine Months to
Net
Atlanta
Charlotte Air Line Railway Co.—Bonds
Offered—Halsey, Stuart & Co., Inc., Ladenburg, Tbal-
Sept. :)0,19I3
sales;
Si,024,047
M iseellaaeous
Income-
,i; ;■'■ ..4.292
A'AA
income
§1.020,339
oi',.goods; sold i,
776,204
Selling and adminiBtratiVe
expensesA'-__
A:A-
ft';;- 67,188
TncomeMAA :A.AAkft Aftk
$184,947
'
Net
income
before
taxes
on
Estimated provision for State and Federal taxes
;
Balance
•
(subject
Balance
Assets—.-,i ,;uVi:":
;
renegotiation)—A Aft
to
i
147,828
'
_
Sheet, Sept. IIP,
.ftAftftftk
•
income
on
_
I!>».'{
.ft;-: k'-ftk
.
...
''
;
337,119
_
-
,
ft
$262,261
U.
S.Treasury
Accounts
Por.sonal
ftertiticfttesvoftindebtednessAAAAAA—A'
receivable
.a ccoii
Inventories
Prepaid
50.000
a-.—*
tit
The bonds
-
^
li.i ^ .4
ft
—
insurance
_
—
Co., Inc.,
346
A-,,—
—
_
3,281
—
\ft/;&
—
„
$675,448
-ft;
Liabilities—:-
Accoums
U.
S.
AA
k
payable
ft;.A; '■ -•'AAAkftk-ft1''A Aft A'kft'ft'"L
aclvr11nu.iitixri_ia.i:''
--AA.;:,.—_.ftAA:uiA— A-AAAA'Aift-k'
_A_.,——AA^_;——ftkA———
Government
Personal
Accrued
.Accrued
accounts
:
-Accrued payroll,
1 q4v
excess
on
a
called
for
redemption
of
as
-
-
16,
St.
John's,
Newfoundland.—V.
149,
1943
:
series
total
a
3543.
p.
with
"Net
tEarnings
""
Sept, 30—
'1943
1942
AAftAAA
profit
$848,046
share.>„
$1.55
per
>■
1941'
.ft $535,946
ft;
S0.98
,
sale
of
$1.78
Note—Estimated
after
deduction
1943
period
provision
of
for
post-war
compared
as
all
income
refund,
with
and
amounted
$1,600,000 in the
excess
to
1630.
p.
profits
$2,616,000
1942
-
B
the
5A
these
bonds,- both
bonds
due
July
1,
1944,
will
be
Period Ended
deposited
oper.
1943—3 Mos.—1942
revenue.™.—
oper.
expense
$636,113
495,868
1943—12 Mos.—1942
$618,892
$2,345,114
458,435
1.808,065
.
revenue
$160,458
$537,049
.21,073
14.178
$164,120:
$558,127
107,731'
393,268
339,660
$40,916
k
$56,388 k
487.728
—
and
the
Total
surplufe——A-
authorized
426,381
8164.859
$528,644
$482,769
.
•
$647,640 k
Crl2
!
17,188
$482,781
'
was. duly .assigned to Southern Ry.,
&
Danville RR.,
and since
-
$482,781
Under
Southern
/
1943—Month—1942
$1,297,445
778,865
,
33,340
■
to
the
Richmond
&
:
the
the
property
the
terms
Ry.
purpose
pany,
1943—12 Mos.—1942
under
the
terms
ofthe-" agreement
certain
to
stamp
as
as
of
of
1,
the
of
RR.
charges
of
the
on
supplemental
cover
sum
a. guarantee
the
dividends
on
taxes
>A——.— A
67,285
,
.
879,045
856,155
Otis
&
150,000
■
400.000
Park
-
100,000
&
H.
Co._-.A-::—.- '
Shaughnessy
&,
100,000
Patterson, Copeland &
Kendall, Inc.—AAPeters, Writer &
F.
200.000
RMpholdt <fc Gardner-
&
100,000
Stringfellow-
100,000
' 200,000
100,000
Walter Stokes & Co..—
100,000
Thomas
150,000
■
' k-
-.
&
; Watkins,
300,000
_-
,
...
Morrow
&
150,000
&Wo%"lnc%ri-I:
Weif
-
Space
100,000
Wertheim & Co,_AA~
White, Hatt'ier A San-
,
1,500,000
-ford
:
100,000
Woodard-Elwood & Co.
Cor-
Wyatt.
;.a;.A:
Inc.
&
Stein, Bros. & Bo.vce.
Co.,
Burns &
158, p.
100,000
Co.,
200.000
and Co.,
Inc
100,000
Ladenburg; Thalmann
& Co.
-k,_._AA—'kk 1,500.000
bett,
&
150,000
AA";100,000
Martin,
Putnam
Scott
1,000,000
Lane,
100,000
Christenseii, Inc.AA'
;Co._AA_—-^-k
Hilsman
1,500,000
200,000
.
Hirsch, Lilienthal &
Co. ;k.,A-^„_A_A,
150,000
Neal
&
100,000
Wag-
goner
100,000
—
1437.kkkAAkk;k; Ak;:
12 Months Ended
Co.—Earnings-
Sept. 30—
Operating
"Operating
reserve
A
k'k'A
1943
revenues
1942
$10,972,807
$9,954,477
9,447,786
8,717,843
deductions
revenue
accruals
Operating income
Other income,
com¬
Gross
.
..
•Income
stock
Net
.
65,233
100,000
,
An-
Retirement
owners thereof
gave Southern an option, to purchase said stock
at $250 per share.
Of the 17,000 shares of such
Property retirement res.
capital stock, 15,719
-.-■ ;k':"1
:)
;;shares have been;.so
stamped: as of this date,, the balance of 1,281
'■appropriations
113,00p
169,000
1,213,000
1,476,000
shares being
unstamped, but all enjoying the payment of dividends
aggregating $9 per share per annum.
Net oper. revenues'—
";kk;
k' ; --;-k',kk
v.;'k)-:'. ;k
$304,955,,• ..$184,827 ' $3,327,566
$3,505,635
Anticipating'the maturity--on July 1, 1944. of the $20,000,000 first
Other income, net1,195.4;.:,. ,51,619 :
40,572
195,074
mortgage bonds now outstanding, and
desiring to reduce the amount.
:"t a
'
'
k
'i"1 '1
————:—,, of
publicly held- first mortgage indebtedness on the
;
Gross, income vA--;,
property,, the
; 8306,150
$236,446
$3,286,994 A3,700,709
company and Southern Ry. have
Net
income
after
negotiated a second supplemental
int.
k
k
■
1
agreement, :to be dated as of Nov. 1, 1943, whereunder an issue of
charges
1
166,256;
;
79,260
1,514,757
1,752,682 k new 20-year first
mortgage .bonds is to be sold to the public, reducing
Dividends applicable to preferred
stocks—946,409
949,265
by 25A,'that: is. to $15,000,000, the
principal amount of first mortTo Redeem Bonds
gage bontlsi to be
outstanding.
The amount necessary, over and above
:-'k-k-''-'-k k
the proceeds of the sale of the new
The company has called for
first mortgage bonds (exclusive
redemption as of Jan. 1, 1944 a total
of
accrued
interest thereon),
of $1,000,000 of 1st & ref.
to
retire the existing $20,000,000 of
mtge. 5"c. gold bonds due 1956 at 103 and int.
bonds presently,
Payment, will be made at the Guaranty Trust
outstanding ; (Southern beirig obligated to pay interest
Co., trustee, 140 Broadthereon to
'New Tforfe.-.N. ;Y< '
maturity on July i, 1944); and the annual amounts needed
k
■ ;
k-'i
for sinking fund
payments on the new bonds at $150,000 per year,
Holders of the called
bonds, upon presentation and surrender of
are .to
be advanced
by Southern Ry., Southern agreeing to take in
said bonds at any time
prior to date set for redemption, will receive
settlement; of such advances the
the redemption
company's Second mortgage bonds
price, plus accrued interest to Jan. 1, 1944.—V.
158,
(to be dated Nov. 1, 1943k to mature .Nov.
p. 1526,.
1, 1963, and to bear interest
at the same rate as is
borne by the new first
mortgage bonds) in the
Other
150,000
Atlanta Gas Light
company.
of
Ha no..';
&
Abbe &: Co.__
Newton,
Alfred O'Gara <!fc Co._„.
300,000
&
422,953
266,669
Aa_a-A-~_AAA-A
AgkA-i-Ak-r
$1,102,069
$969,964
446,733
Dr36,897
income.—_A.;_A.._'__..AA—A—
deductions ;A——-Akf
AA—-V-k^A
SI,548,801
$933,067
dividends
the
certificates
y
150,000
Ellis
100,000
100,000
on
and
such
Newburger
100.000
Inc.
Johnson,
.
100,000
.
Inc.—300,000
Inc.
.
250.000
Co,
lOO.QOO
100,000
derson
the-supplemental agreement of June; 30, 1914,
of
k
Co.
Hallgarten & Co
—V.
&
'
& Torrey,,,;.Ak
Green,
J.
$100,000
Mullaney; Ross & Co..,
Monell
Nashville Securities
Lord
Hill
:
..
'
Co.,
a
trustee
the
,kk
Milwaukee Co..
150,000
Granbery; Maraehe &
agreement,
interest
the
-'k
Minsch,
Dempsey-Detmer & Co.
200,000
A.
Evans ,&kk;k:k-k
k;
of $2,000 for"
of
,
The
Clement
has
of
stock of
capital
as
company
at
99.039A and
bonds .set opposite their
of
amount;
100.000
Co,_.._
Courts & Co._-,,,_,,.A
1914.
and
k.-
Cooley & Co.JAA-^—
agree-.
interest to
and
the
purchasers,
representative, 'have:
; Marx & Co
Hannahs, Ballin & Lee
Southern
agreement
corporate
the
&
&
Cohu
The
in
from
Co.,
Co.,
; r;
1894,
maintaining the corporate organization
annual
&
City Securities Corp.,:,
the
per
successor
currently pays amounts sufficient to
bonded indebtedness, taxes, an annual
of,
at the rate of
,9',kkper annum
Southern, also agreed in
$1,027,320 $12,690,031 $13,245,868
428,492
6,273,220
5,799,159
179,768
997,200
1,608,919.
Danville
July
supplemental agreement dated June 30,
■
$528,644
for-operation
ment
the company's
.;A-xAA-"k
1
Bonds—-The
-k'k-.-k,
Tindall &
Railway
States,.
.$94 yg
^tuart & Co.,: Inc.,
principal
Loughridge & Co.A
Company's entire- line of. railroad, which extends frbm
Charlotte,
C,, to Atlanta, Ga.,,was by agreement dated March
26, 1881, turned
operated
Crl,142
Arkansas Tower & Light
Co.—Earnings—
Federal taxes.
those
Richmond
67593
•
Surplus end of period ft; 8528,644
•■—V, 158, p. 736,
expenses AA
in
oyer;
$539,232
:
62,829 k
~
revenues
business
to
names:
Brooke,
and ;of $20,000,000 first
mortgage bonds-presently outstand¬
due July 1, 1944.
Of
these securities the
company owns one
.share of-its capital stock and
$23,000 of the first mortgage 4Vs'h
k bonds,'-series "Ay" which are- held in
its treasury. -r';"
k'k:-;
359,646
38,979
paid-———i
Sundry adjust., netAA.'
Period Ended Sept. 30—
do
be
fund;
.
Bosworth, Chanute,
ings
$179,586
482,781
inc.1. taxes; pr. yrs.
Dividends
Operating
operating
Southern
sinking-
prevailing
the company or Southern
in cash and partly in bonds.
,
r
_A-aAA-A —$3,450,000
Bioren
flat price
a
the
at,
Mortgage
purchase
to
Barrow, Leary & Co..
and
to
Halsey,
Stuart
inc.
required) 'at
for retirement,
at
First
interest' the
Halsey,
:
thereof
1943,
bonds
partly
or
the
severally
respective
..k'-
delivery
holders
annum,
.,
N.
■k;
for
to
in
or
less,
is
of
pay-.
Ry.,
cash
through
agreed
The presently ''outstanding securities of the company consist of
17,000 shares of capital stock (par $100), on which
Southern is obli¬
gated to .provide/.dividends
semi-annually at ' the rate of 9'k
$519,246
105,359
Balance;,
Surplus begin, of period
now
in
trust
.
$146,275
'
AA--,
With
k y
$505,069
3,662
6,030
Gross income
Deductions
;
in
acting
accrued
Carolina
1,666,189
is
Net operating
Relationship
either
'k Purchasers
Atlanta & Charlotte Air' Line
Ry. is a consolidated corporation
organized and existing under the laws of the States of
Georgia, South
and North Carolina, and since
April 4, 1877; has been
'
$2,171,257
'
Other revenue-L AAA A
:
offer
mortgage series A 4Ww .bonds
and
_
Ry;, whichever
.
Company
.
A redemption price or' at the cost thereof
of:theirkprincipal amount,-and any of the present first
series B 5'>-, bonds at a flat
price of 104.75%■ of their
principal amount, in each case with, coupons due Jan.
1, 1.944, and
July 1, 1944; respectively, attached.
Any bonds so acquired will be
cancelled by the
corporate trustee.
-:k.k"
158,
prevailing sinking fund, redemption price.
Sinking fund
at the option of the company or of Southern
.
Burr
payment
an
,
y;.mortgage
the
Inc.—Earnings—
Sept. 30-
Total
Fed.
the
,
Total
.
bv
i-.v-n.';;
,
in trust; with it to the extent
prior, to-3 o'clock p.m., EWT, Dec. 27,
first
the
"tents; may,
k-;
deposited
taxes,
period,—V-
,
of
.......
to' authorization
subject
Central
any of the present
of 104.25.;^
.
Arizona Eclison Co.
prevailing
made
Company intends, concurrently with
$15,000,000 of new bonds, to make
any Time
for
in
and
present first mortgage bonds thereunder the corporate trustee of
the present;first
mortgage will be authorized to acquire, (with; the
funds
$0.73
depreciation and all income taxes, including provision
profits Taxes, ton 544,916 shares common stock.
the
to
'redemption."':,
the
•
ft; $974,618$401,737
..
of
Hanover Bank and Trust Co.,
corporate trustee of
first mortgage dated
July 1, 1914, against the release of- the first:
mortgage;';
k '
a;:;
■'
The first
mortgage indebtedness of the company
will'thereby be
reduced from an aggregate of
$20,000,000 now outstanding to $15,000.000, Southern Ry.
agreeing to accept second mortgage bonds for its
advances of principal.
-'k
k
1940
"After
excess
the bonds, if the same can be
purchased at not exceeding
sinking fund redemption price, or if such purchases
be-made within such time limit, to the
redemption on the next
ensuing interest payment date of bonds to be drawn by
lot, accrued
interest in either case to be paid out of
moneys other than sinking
fund moneys.
Such purchases may be made by the trustee from
the
company, or from Southern Ry.; at the market
price of the bonds
(exclusive of accrued interest I
but in no event at a price in excess
the
Archer-Daniels-Midland. Co. (& Subs.)—Earnings—
3 Mos. End.
1,
cellation of
-.'k
'
$1,000* regis-
-
6',4
at
covenants that it will pay to the trustee
Ry. agreeing
in the second supplemental agreement of
1943, to advance the necessary funds) oh Nov.
l, 1944, and
on
Now 1 of-each year thereafter to and
including Nov. 1, 1962, asand for a sinking fund
for the bonds,
the sum of $150,000.
The
amounts are to be applied
by the trustee, up to a date 43 days prior.
to the next
ensuing interest payment date, to the purchase for can¬
Purpose—Net V proceeds
($14,855,850 exclusive of accrued
interest);
together with funds to be provided by Southern
Ry J- to the extent
required to cover the full. amount of
principal of* and interest to
July l, 1944,."on the; $5,500,000 of Atlanta &
Charlotte Air Line
Ry.
first mortgage series A AVa-'t bonds and the
$14,500,000 first mortgage
int..:
or
Sinking Fund—Company
Aft ftft ;ftft
•;
.
of
-■
Interstate Commerce Commission.
,
The
Canada,
and
•
gen. mtge. sinking fund bonds due Oct; 16, 1954, at
Payment will be made out of sinking fund monies at,
Royal Bank of Canada, in the Cities of Halifax, Saint John (New;
Brunswick), Charlottestown, Quebec, Montreal, Ottawa, Toronto, Win¬
nipeg, Regimi, Calgary, Vancouver or Victoria in the Dominion of
and
ft,
denomination
'
Issuance
ft
Dec.
■
iSouthern
Nov.
inter¬
an
prices.
renegotiation settlement lias been effected as to 1942,
earnings are still subject to renegotiation.—V. 158,
been
$43,500 of
102
'..'".J
net
a
purposes
current; year's
There have
meant
sinking fund on any. May 1 at 102 Aft,; and
accrued interest
including. May 1, 1948, and thereafter at the
reduced
68,840
Acadia Sugar Refining: Co., Ltd.—Bonds Called—
of
;
.,
interest date, and On 60 days' notice
otherwise, at 104 Aft and
interest .to and including Nov. 1,
194G. and thereafter at th?
reduced redemption
prices.
Also
redeemable
for
e47.5oo;
,
,
a net
accrued
174.981
AA AAAAk AAA_A AA AAA AAAA)
1933,
''Aft'-"','
•
,
5,000
ft:ft_A.-Ak—AAAAAjAA~A.A—AA-~-i'ftAA'AAAAAAAAA-AAAA'AAftft-ft
Note—While
1946, at 104',thereafter to and inch Nov.
1,
thereafter to and inch Nov, 1, 1952, 'at
102V% ftk;
Nov. 1, 1955, at 101%)A thereafter to
and inch,
lOOTa'e; and thereafter at 100A; in each; case to¬
the purposes of the sinking fund the bonds
are
also redeemable
any May 1 at the following respective
percentages of the principal"
amount thereof: to and inch
May 1, 1948, at 102.-Vfi.ft/.; thereafter to
and
inch May 1, 1953,
at 101ft'. :
thereafter to and inch
May 1,
1958,. at 100^4',A and thereafter at
1.00A, in each case together with
accrued interest.'
1963,
in
.1,
ftft;
cannot
130,000
•
surplus
^Represented by 47,500 shares of common' stock.
p.
1,
form
——- -
Nov.
103
dividends
Common
409,009
$1,149,293
income
Preferred
399,508
>•:' 8524,058
.
v.
:Ak—-AA—-A-A--A
78,000
78,000
Aa aaAA AAA A-—
dividends.
960,580
480,290
1,030,893
943,798
'"Includes Federal income and
—V, 158. p.
1726..;.- ■■
excess
profits tax
";k-;.
k';;.-
•
...a
.
Atlantic Gulf & West Indies Steamship Lines—To
Pay
.
„
,
Dividend of $2.50 on Preferred
Common Stock—
k ;
Stocks—$3 Per Share
A
The directors
the
.
,
.
.
$3
Associated Gas & Electric
'
The trustees of Associated Gas
&
Electric Corp.
„
.
principal
amount
amounts
Co.—Weekly Output—
retired
report for the week
ended Nov. 12, 1943, net electric
output of the Associated Gas & Elec¬
tric group was 140,386,044 kwh. This is an
increase of 12,330,896 kwh.
or 9.6"A above
production Of 128,055148 kwh. a year
ago.—V. 158,
■p. 1934.
A
-k
k.
-k
'
^ Associated
7'/o
equal, to
from time
of
$5,000,000, and
the principal amounts of
to
Second
time
through
subsequently in principal
first mortgage bonds
of the sinking fund.
new
the operation
mortgage bonds may be issued only for the above
purposes.
Thus: the: aggregate of the new
first and second mortgage bonds
outstanding at any time shall not exceed the sum of
$20,000,000.
k
In
the second
supplemental agreement to be dated as of Nov.
1;
vk 1943, Southern Avill
agree,'-among other things:
(a) To make payment' to the
trustees of all amounts necessary to
meet the interest as due
on
the new first mortgage bonds, the new
Divs.
second mortgage bonds and
sinking fund payments in the amount of
directors
first
.
Telephone & Telegraph Co.—Accrued
on
Nov,
17
declared
dividends
of
$1.54
per
share
on
$150,000 per year
(b) To increase
preferred stock and $1.32
on
said first
mortgage bonds;
per share on the S6. first
pre-;
the-annual payment for
accumulations, both payable Dec. 21 to
maintaining the organiza¬
tion of
These are.the only
the( company from $2,000 to $4,000; and
payments this year.
jc) To continue to pay all income taxes of the
Distributions of $1.19 on the 7'* first
company.
preferred stock and $1.02 on vs'''
the $6 first preferred stock were made
Line of
on
Dec. 30, last .year, while
Road—Company owns 254.11 miles of main line railroad,
on Aug. 15 and Nov.
15, 1941, the company paid dividend of 56
extending from Charlotte, N. C,( to
cents
(Atlanta, Oa., all of which is
each on the .7. ft first preferred stock
double tracked.
and of 48 cents each on
The total miles of tracks
the $6
owned, including second
first preferred stock.—V,
main. tracks,
158, p. 1934.
ferred
holders
stock;
of
on
record
account
Nov.
of
Associates Investment Co.—37%-Cent
'
dividend
passing tracks,, crossovers, way switching tracks and
yard switching tracks, aggregate 678.44 miles.
Proposed' Capitalization—The
capitalization of the company as of
Nov.- 1, T943, after
giving effect to the issue and sale to the public
Common Diy.
of
37VZ cents per share has been, ideclared on
the compar value, payable Dec. 31 to holders of record Dec. 4.
A like amount was paid on June 30
and Sept. 30, last, as
against 50
cents on March 31, 1943, and in
preceding quarters.—V. 158, p. 856. k
of., $15,000,000
^nion stock, no
The C°mmerciai ancl Financial Chronicle
,
of $2,50
share
per
on
15,
the
of
$2,50
last,
and
common
share
per
June
on
stock
30
was
and
made
Dec.
the
on
15.
preferred
1942.
$3 per share on Dec.
was
The
stock
last
on
payment
15, 1942.
Earnings for 3 and 9 Months Ended Sept. 30 (Inch Subs.)
Ik
Period End. Sept. 30—
Operating
1943—3 Mos,—1942
,_/■
$2,655,335- $3,303,722
revenues;
Oper.
exps.
Taxes
(other than Fed.)
inch
clepre.
income
Gross
Interest
Other
6,269,778*
2,401,087
71,277
$491,996
$831,357
$2,003,252
160,396
$1,622,734
32,818
S568.052
$864,175
$2,163,649
$1,765,209
.
—
—
income
expense
Operating
$8,502,580 $13,144,612
123,136
76,056
Operating income
Other
2,040,254
1943—9 Mos.—1942
229,550
11,190,717
331,161
142,475
;
profit——
62.844
70,256
187,-754
215,994
$505,208
_——
$793,920
$1,975,894
$1,549,215
'
profit
non-recur,
658,759
17,655
2,C98,967
466,419
SI, 163,967
$811,575
$4,074,862
$2,015,634
600.185
26.
.
A
dividend
share
distribution
.
the
a
.
initial
The
declared
non-cumulative preferred stock, par $100, and a "dividend of"
On the common stock, par $1, out. of net earnings for
year 1943, both payable Dec. 15 to holders of record Dec. 1.
A
June
on
10
5ft
per
the
Nov.
on
on
;
'
/
$5,000,000
•
of
first: mortgage
second mortgage
new
new
bonds, the issue to Southern of
bonds and the retirement of the
presently outstanding $5,500,000 first
mortgage series A 41a ft
$14,500,000 first mortgage series B 5ft
bonds, will be:
and
(Reg. U. S, Patent Office) William B;
bonds
Gross
Prov.
profit
for
income
profits
Prov,
——
taxes
for
Balance
&
exc.
229,394
of
To Redeem 5%
996.641
93,446
1,093,967
251,665
$700,818
profit
186,201
233,755
—
contingencies
8531,928
$1,979,254
$1,163,785
Collateral Trust Bonds—Bank Loan of
$3,000,000 Arranged—
Edgar
of
Bloom,
S.
directors
company's
President,
authorized
5 ft'
on
calling for
collateral
trust
Nov.
10
announced
payment
bonds due
on
Jan,
Jan.
1,
that
1,
1959,
the
board
1944, all th*
at 105, pur-
Dana
Yi!1 ^.a,na Seibert, President; William D.. Riggs, Business Manager.- Published Company, Publishers) 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
twice a week {every Thursday (general news and advertising issue) with, a statistical issue on Monday]. O-her
offices: Chicago—Inuharge of Fred H. Gray,
Western,Representative, Field' Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens,
London,JE.C. Copyright 194.3Joy William
.
amount thereof:
on
179
$675,448,
the
Nov.
,incl.
at
gether with accruech interest.
the
profitsrtaxeAwAAAAA^AA'-
mortgage bonds, (>#,' due l95l-_.——~__AA~A-AA;
mortgage bonds, due J95'6—
Capital ■'.stock
surplus
due
coupon
its initial advance.
following respective percetnages of the principal
and
1949,
Victory; and withholding; .taxesiAAA'ArA
First;
Capital
Ea rned
r
terable.f
General
■
;Dated Nov. ,1, .1943;
Definitive bonds', in
19,217
payroll
..AAf-ftAijAAAAAr-AAAAA-AAft-A
.intere(A'-~AiAAA_AA—AftAft-AAAAAAAft
Accrued, income and
to
as
est cost to the road of 3.90%.
$28,334
-
of
thereafter, to and inch
Nov. 1,; 1958, at
Halsey, Stuart &
on the bid of 99.039 for a 3%% coupon,
company of 3.81 %ft; ft..:
last-mentioned; proposal would have
■■
the
at
& Co. and White, Weld
submitted the following proposals: 94.789 for
3V2S,; 96.409 for 3%s; and 98.069 for 3%s. The
Co.,
bonds
Southern "Ry, in settlement
are redeemable
at the option of the
company,
in part on any interest
date, or as a whole at any time, upon at least
30 days' prior notice in
case, the redemption is to bo on
an interest
payment date, and upon at least 60
days' prior notice in case the
redemption is to be on a date other, than an interest
payment date,,
A group led jointly by Shields
'
etc
putcnls,
be accepted by
For
16 to
interest cost to the
70.521
''To
Redemption—Bonds
.
f
Trademark,
awarded Nov.
were
B2
j
mortgage 3 ftft. bonds, due Nov. 1, 1963.
-A*. A A $15,000,000
"Second mortgage 3 ft ft- bonds, due Nov.
1,' 1963-»>.-_^
5,000,000
Capital stock 117,000 shares, par $100)
A..,. A A-'
1,700.000
Co., Hallgarteii & Co., Granbery, Maraehe &
Lord, Courts & Co., Hannahs, Ballin & Lee, Cohu & Tor-,
rey, Martin, Burns & Corbett, Inc., Otis &
Co., Newton,'
Abbe & Co., Hirsch, Lilienthal &
Co., Dempsey-Detmer
& Co., Stein Bros. &
Boyce, Cooley & Co., F. L. Putnam
& Co., Inc., Wertheim &
Co., Burr & Company, Inc., The
Milwaukee Co., Green, Ellis &
Anderson, Bioren & Co.,
Clement A. Evans & Co.,
Inc., Thomas & Co., and Watkins, Morrow & Co., on Nov. 15 offered $15,000,000 1st
mortgage 3%% bonds at 100}k and interest.
The issue
has been oversubscribed.
.
Total
2039
First
&
mann
L
Cost
and
{
THE COMMERCIAL
2040
the
trust mortgage dated Dec.
' •'"•'
'''•'■■ A'\ A"y
approximately $3,580,000 of these
bonds are outstanding in the hands of the public; that arrangements
have been made for a term bank loan in the amount of $3,000,000;
i nd tb*t Ibe comn'etioiv of tb's refinancing will teduce interest charges
approximately $110,000 annually.—V. 158, p. 765.
suant
the
to
;'
luOB.
t,
provisions
of
collateral
■'
the
trustee
to .latter
y':'-'i-/^y
V1
■'
"
further
•■-
.
Bloom
Mr.
on
before
or
date.—V.
156,
& FINANCIAL CHRONICLE
noon
on.
Nov.
30,
1943
will
and
bear interest
Bon Ami Co.
S'C'A■ 'jAlA-AA-v1'.-"-.'-'v.!;
1572.
p,
9 Mos. End
that
stated
Monday, November 22, 1943
Gross
Bigelow-Sanford Carpet Co.—New 1st V.-P,—
Frank
V
H.
Deknatel
also continue to act
has
been
elected
First
Corp.—Renegotiation—
have
stockholders
The
by
informed
been
The
President,
Newell,
S.
W,
> Regular Dividends Declared—
|
>
the
Price
four
It
$1.50
declared
the
dividend
a.
usual
quarterly
of
cents
50
share
per
than half of which will have been reviewed by
Price Adjustment Board, Mr. Newell stated.
T ie con
'ctnv
recently received contracts for additional Navy ships,
the schedule for which calls for capacity operations to Jan. 1, 1946,
Mr.
Newell said.—V.
158, p.
856.
'."V;
Baltimore
duced
Roy
annual
meeting
the stockholders
of
held
15,
Nov.
on
the railroad was continuing
of, the Army, Navy and other
that
President, reported
White,
B.
all war jobs to the satisfaction
handle
to
-V''"-;.-:
V
/'
117th
the
At
Co.—Earnings Up—Debt Re¬
Ohio Kit.
&
Four
Government departments.
reviewing
In
of
the
-
.
awarded
& O's business of 1942, Mr. White said that
$45,323,597 for that year, there was used for
B
of
ihe
income
net
879
was
A
take
will
taxes
1942.
in
$48,000,000
estimated
an
Further,
or
series
already
of-
of
interest
,'i-.■■
:
the B
on
&
outstanding
O's
large increase
a
the
in
consumption of coal and that many plants had found it so satisfactory
the shortage of other fuels that they would continue to use,
after
the
coal
of
traffic
Virginia,
White
Mr.
for
$3,000,000
to
improvements
needed
pointed
debt
the
to
RFC.
$50,060,000
to
that
out
plan
The
4%
stated,
have
been
—v.
of
amount
the
purchase
$18,229,606.
$73,003,025,
and
of
This
reduction
have
equipment
represents
of
bly
reach' its. all-time
high
John
D.
been
V.
Biggers,
elected
158,
Pre-ident
director
a
period,
that
1726,
p:
;'-v
■1
the
of
to
Libbey-Owens-Ford
late
succeed, the
Joseph
cumulative
and
24
of
convertible
the other
with
pared
April 1,
The
and
per
$2.50
dividends
will
just
was
1,
par
also made
and
1943,
declared
to
stock,
on
1942.
$100,
one
the
on
payable on
on
Oct.
$1.25
1, last,
each
on
Dec.
A dis¬
which
March
5%
and
10
1940.
1,
All
the period from Jan. 1, 1942 to
after payment of said divi¬
share.—V. 158, p. 1726.
cover
W7,.;
::
9 Mos.
for
Federal
for
taxes
1
contingencies—;-;!—/
Bell
929,246
45,171
44,450
■
$353,274
$348,134
$1.46
$1.44
share
Telephone Co. of
retired
Pennsylvania—-Earnings—
1943—Month—1942
v
;
were
were
rev.-
$7,359,519 $72,449,262 $66,068,114
19,605
55,783
136,086
revenues-!
$8,072,123
$7,339,914 $72,393,479 $65,932,928
oper.
____
.
5;G18.788
5,058,143
43,897,517
44,960,445
Operating
taxes
'1,079,775
1,066,795
11,720,016
9,908,614
operating
income
$1,273,560
income
158,
p.
;
profit
Rev.
fare
per
+Taxes
nine
n$1.518
carriedrev.
1943—9 Mos.—1942
S22.176
+$81,010
$72,855
2,835,309
2,358,310
8,887,947
6,342,501
7.66c
7.50c
7.49c
7,30c
pass
in
of
first quarter
1943 totaled
of 1943
amounted
$100,258.—V.
156,
to
sales
Net
stock."
2095.
,
011
May
1,
15
cents; and
will
mfge.
*ceed
Louisiana
until
Vi<
p-r
Bonds
2
Savings Bank & Trust Co., trustee,
p.m. on Nov. 26 receive bids for the
:
;
refunding
bonds,
(including
77 A J
sinking
this
time
'--A'Ay
issue
rA
y
was
sold
it
felt
was
'
taxes
sales of leased
dated
May
15,
1937
at
2nd
prices
not
of
Gross
Other
and
be
to
ex-
deposited With
$2.72
Balance
Sheet
at
Sept. 30,
1913
i
.
7
:
companies, and miscellaneous "invest-';
shares
refund
1942,
of
of
Borg-Warner
stock),
common
Federal
$18,200,000;
{less
U.
estimated
Federal
to
reports output for October, 1943, of 1.240,585,000 cubic
with 1,186,253,000 cubic feet for October, 1942, an
compared
as
of
4.6
as
follows
(000 omitted}:
■
1943
1942
4
Inc.
-AA
February; v:.;
1,653,787
1,551,222
6.6
1,441,749
1,422,110
1.4
■March
1,526,970
January
1,357,694
12.5
1,358,747
1,195,351
13.7
Mav/
1.215,393
1,120,554
8.5
1,051,838
1,011,022
99.9.749
972.397
2.8
1,031,798
986,050
4.6
1.108,765
1.056.671
1.240,585
1,186,253
'-JAJA
April
.
September
October .■ Arl
.
1.326,034
1,605.329
Total'/
V.
.,14,790,687
158,
Briggs '& Stratton
Period End. Sept. 30—
Net
prof.
fronv opers.
&
deduct,
for
; and
excess
330,598
Net
prof,
368,670
Other
inc.
144,243
surtax
profits
26,993
$1,509,282
58,288
$1,567,570
402,000
371,000
_,-2r:
„.;u
$790,628
247,500
charges
7
Net.
from
oper._
(less
misc.
$2.11
Consolidated
savings
accounts and
$2.31
profit
hand
on
before
Excess
notes
receivable—r!
-•/.
-
-
_____
profits' tax..j,..
nominal
2,001.338
2,301,702
3.508,852
6,072,937
This
161,535
Liabilities-
v".
-
43,841
Accrued
Federal
income
Other
taxes
Sundry
3,966,982
i-
/,
275,569
290,435
$746,290
t
taxes_-_^..—^—-_
179,096
■■
159,360
and
6
157,
Net, sales
Gross
Other
136,505
107,891
49,564
2,000,000
2.000,000
~
have
with
1,900,000
153,423
198,527
3,039,400
3,169,400
Dec.
10,
has
income
taxes of $681,282.
deducted
been
(The)
from
U.
S,
tAs
of July 31,
savings
Treasury
1526.
011
the
Aug.
capital
15.
25
on
Nov.
stock,
Similar
15
declared
par,$25,
distributions
of this year
(.see
V.
paid
cents
20
share
per
to holders of record
June
on
last,
4.
1942, and
on
on
Nov; 27.
Mav
March 20, July 19 and Dee. 10,
on
Co.
15,
V.;-
1941.
:
■
-
-
Subs.)—Earns.-—
(&
a
payable
were
157, p.
dividend
Nov.
made
of
50
cents
,
per
share
Feb.
holders of record
25, May 25 and
158,
p.
26
on
1939).—-V.
1943
Sept. 30 —
—!_!_■
&
admin.
Prov.
to
543.
1942
$11,942,358 $13,537,723
-sales-.A!-!——~
on
gen.
$3,614,661
$5,179,327
2,541,206
expenses.
3,603,537
$1,073455
$1,575,790
income
Froi'it
261,126
from
for
410,663
$1,334,581
$1,986,458
848,000
1.046,000
$686,581
operations—
Fed.
inc.
M,Net profit for
'Preferred
&
$940,458
excess-profits taxes,!...
the period
dividends
dividends
Common
100.054
;>!
100,054
333,691
,
333,560'
'
Earnings
per
common
share_,„,__
'■'.Consolidated
$1.32
.
$2,355,000;
Balance
$1,450,918;
notes
and
U.
accounts
S.
Sheet,
Sept.
30,
$1.89
Government
receivable
(less
1943
at
securities,
for
reserves
cost,
douhf.ful
balances, loss, etc., $1,602,116), $5,244,789; cost reimbursable under fixed
fee war contracts, $622,411; inventories,
$3,523,001; net current assets
in
Canada,
Brazil,
Mexico
and
Argentina
(includes
$1,221,430 re¬
stricted
Boss Mfg. Co.—50-Cent Distribution—
directors
The
of
d'vidend
a
each
,
••—
profit
3,980,117
4,386,406
Feueral
cents
1939.
p.
Assets—Cash,
p.
$4.29
,
3,600,000
3,600,000
——$14,542,510 $16,355,070
liability
$3.67
declaved
15
100,000
within year——
—
158,
,$3.63
Profit
,
—
dedu-'ting
$2.50
152,264
115,524
■
this
—
$1,274 828
.766.
Bruhswick-Balke-Coilendar
62,462
accrued—,
possible assessment of taxes—5%
preferred stock (par $100)——Common stock (stated value $12 per share.)
Total—
384,309
,$1,274,828
$1,092,455
$872,239
189,113
—
surplus..
.
272,000
$1,079,163
com.-share.:
p.
directors'
Selling;
:
for
Earned
$820,455
176.000
$743,370
9 Mcs. Ended
$14,542,510 $16,355,070
accrued-——
creditors
524,184
3,996.706
:
.
4,278,517
wages——
Debenture bonds payable
255,091'
1
;
and
352,909
.$567,370. $1,079,163
--
comnares
—V.
trade-——_—
payable,
salaries
■■"4 168,000
tax..i:
capital stock, par $5, payable Qec- 7
Oct.
242,198
amount-
Accrued
336,000
2,737,000
refund.
tax
per
The
71,203
deferred charges
$6,180,027
440,284
(E. & G.) Brooke Iron Co., Birdsboro, Pa.—20c. Divt—
$3,200,101
_
.
and
248.000
1,700,000(>:, 3,876,366
w
profit
Earns,
the
„
■/,;
Net
322,518
;~. .A
(net)—
expenses
at
Post-war
...
assets
/"-V
403,960
$4,148,548
$2, ,743.370,1 $5,748,722
tax—7
income
$5,776,067
127,259
^
in-
taxes
Wisconsin
323,596
1942
$4,153,843
.;
notes!-.
inventories
assets
-
$5,425,126
$4,021,287.
'v;'/,-■'/'
48.443
-
income
-V.- 158,
Balance Sheet, July 31
debtors
Other
120,397
$2,694,947
T_„_
come
262,500
1943
Customers'
128,044
90,563
159.095
common.;
demand deposits and
Treasury
Sundry
$853,070
:
155,970
Assets—
on
110,542
.
.
$5,896,464
343,500
513,000
tax-—.-
Comparative
S.
V7:
$4,149,331
//;/'•,
■■ ■■.;,
'
$1,705,629
profit
Earnings per share on
"^U.
1943—12 Mos.—1942
$5,515,689
$2,805,489
.....
Net/profit
Cash
;
-7:-.
depreciation
amortization
.
Corp.—Earnings—,
.:, 1943—9 Mos.—1942
,
deprec.
amortization..
Prov.
213,467
profit,before Federal taxes._1.—-.
Federal
1438.
p.
7,170
and
4.9
:
4.6
November Ai
December 17.
34.9,014
•
expenses
.
normal
4.0
to
1942
'
Canadian
and
S.
credits
Boston Consolidated Gas Co.—Oct. Output Up 4.6%—
The company
departments)- $32,174,475 $29,575,791
2.1,769,293
27,340,247
profit
Federal
7
'
expenses.- '
repairs.
debt
income
■Net
Nov.
for purchase and retirement must
$2.59
Treasury tax notes of $29,955,424), $18,income, $242,415; reserves for contingen¬
cies, $4,500,000; reserve for refrigerator maintenance warranty, $1,162,-7
237; reserve for special purposes, $162,756; common stock (2.461,914,
shares), $12,309,570; paid-in and capital surplus, $10,793,939; earned
fsurplus, $29,390,454; total,. $122,951,763.—V, 158, p. 1934,/- 1 -/i.:.v
$1,698,458
and
and
Interest
La.,
it
for
deferred
as
to
484;. deferred
of
$3.15
factory, administrative and selling expenses, «
depreciation, amortization, renegotiation ad-*
125,184
post-war
income
on
778,204;
A
desirable
1943
-
.
Maintenance
1043,
sale
of
Liabilities—Accounts payable, $5,194,617; customer's deposits on or¬
$14,143,834;- accruals
(including accrued
payroll)-,
$8,073,736;'
provision for amount- payable' U. S. Government under renegotiation '
debentures which were issued to
of the United States, have been
fund
Society
July 31—
linclud,
notes.—V.
Orleans,
of
and Canadian
excess
profits
tax, $1,552,928; property, plant and equipment (less reserve for depre¬
ciation and amortization of $13,892,431),
$15,333,832; prepayments and
deferred charges, $3,143,534; patents, less
amortization, $651,135; good¬
will,. $1; total, $122,951,763.
i-'AAxAA
August
common
Assurance
goods sold
Depreciation
for
New
$6,350,930
.juiv }
■
end int.
accepted
ments
$1,094,199;
and Dec.
1
Aug.
Bernhardt Realty Co., Inc., Monroe, La.—Tenders—
The
8,159,050
$6,062,105
share-~_l^
common
deduction
Output in cubic feet compares
.
1343:. ';:w.w';.
p.
;
314%
of
■'After
$30,770 and
p.
per
AAA'A'A '
21,951,571
$7,348,588
taxes
stocks, bonds and notes of other
Comparative Consolidated Income Account
Years Ended
Reserve
1943—3 Mos.—1942
taxes
months
,:,Loss.
28
after
deduction
proceedings
-
share
per
40,629,444
'
1
cents
'• -■;: •:.•*•■'
income
ders,-
.
record Nov,' 29.
and Oct. 21, last.
Pay¬
payable to bank 1949---.--^'—
3 V4 f/c
sinking fund debentures
—
all
after
pass,
fare
Aver.
the
&
June
Can:
$4,131; accounts receivable—customers, less reserve, $24,771,242;
employees, and officers' traveling advances and accounts receivable,
$53,895;7 other accounts and notes receivable, $1,175,801; materials,-,
supplies, vvork in process and finished goods, less reserve. $21,979,759; '
to- holders of
23
Note
Ry.—Earnings-
Period End. Sept. 30—
charges
$1,214,976 $11,775,946 $11,062,909
6.99,245
6,550,321
6,39e!384
674,547
1822.
Berkshire Street
Net
158,
for
Miscellaneous expenses
Net
follows:
as
available
,
Goodwill,
expenses _—5
Net
made
20
1943—9 Mos.—1942
Operating
—V.
Dec.
of
509,081
mers,
feet,
dividend
a
&
profits, taxes—A—-!,!
Consolidated
ihe
of
revenue
607,934
justments, Federal taxes and sundry charges. tOn 2,336,718 shares of
$5 par common stock outstanding (2,461,902 shares less 125,184 shares
owned by Borg-Warner Corp.).
;7
;
:
•
■
bef.
Accounts
Operating
operating
the issue.
Prepaid
$8,080,873
% 8,756
revenues
a
cash position of the corporation but-subsequent events and
regulations have, in the opinion of the Board, made un¬
this additional cash, and the corporation, therefore, has
the
necessary
Fixed
Period Ended Sept. 30—
Uncollectible
158,032
'
765.
p.
Operating
declared
18
payable
each.—V.
common
Merchandise
per
income
■^After
Government
1,479,862
est.)..._.
income
—v.; 158,
1942
885,000
depreciation_-.Wu!7l7£;
for
Earnings
stock,
1942
$7,237,507
1,451,738
168,294
depreciation
Provision
Net
1.943
$8,345,949
before
Provision
Provision
total
the
preferred dividends
Common
dividends.A-,.
■
income
Of
5%
billed..
.sales
in-Rhode Island with
area
Fed;
est.
excess
tEarnings
,
and
187,000.
Nov.
on
$2,000,000
Net
Manufacturing Co.- -EarningsEnded Sept. 30—
v':
Net
Falls
the Equitable Life
redeemed.
At
the
:
Beldeii
Net
for the
$432,-.
income
profits
interest
reduced
,
about
for
Federal
20-year first mortgage bonds due Jan. 1,
1957, have been called for redemption as of Nov. 30, 1943, at 101 and
interest.
Payment will be made at The Royal Bank of Canada, at
St. John's, Newfoundland, at Montreal, Quebec, or at. Toronto, Ontario,
Canada.
will
.1941-
•
$15,532,023
earnings
but, before
•
.ii2ivA'AA::::AAA:.y Am Ay
profit
The
the outstanding 6%
of
re-
179,000,
distributions
share of
Cost
John's, Newfoundland
;w;77;77''v7-::'
A AAA
Redeem. Bonds—
for
stock, after the payment, of divi¬
dends on the 5 % preferred-stock, for the fiscal year ended July 31,
1943, was $534,659 or $2.11 per share of common stock.
This com¬
pares with $693,975 for the year ended July 31,
1942, or $2.31 per
Bavarian Brewing Co., Ltd., St.
-To
excess
annual
be
outstanding
%.
1942
562,925
June,—....
com¬
Arrearages
$7.50 per
be
to
net
a
1943
•/
Assets—Cash in banks and 011 hand, $33,035,773; cash restricted
to :
expenditures under contracts with U. S. Government departments andprime contractors thereto, $14,143,834; Government securities (Other ;
than U. S. Treasury tax notes),
$6,011,697; notes receivable—custo¬
including the cities of Pawtucket, Woonadjacent territory; and suppues manu¬
these cities and other communities having a combined
in
cents
insure
10 declared
Nov.
accumulations
the first dividends paid since Oct.
are
June 30,
amount
of
account
1, both to holders of recoid Nov. 23.
share
July
on
These
1943.
including
dends
Jan.
on
tribution of $1.25
preferred
$1,915,796
refunding
present
debt
,
capital
in
Net
1
on
p.
ments
Widener.
;
each
$1.25
of
Bloomiugdale Bros., Inc.—Annual Report—
Col;
Glass
E.
Bangor & Aroostook RR.-—Reduces Arrearages—
dividends
funded
provides electricity to an
directors
Similar
'A;.
!;.
■
The executive committee of the board of directors
two
balance
totaled $445,512, leaving
for Federal income and
..'
$50,418,351 $29,446,200
■
earnings
Net
that year income deductions,-including
debt,
profits
$74,581.)
,
Upon completion
corresponding
a
For
over
of
23,. 10
issued in the
debt
reduction
of
New Director Electedlias
called
be
to
Sept. 30—
profit
operating
.
and
bonds, v
trust
collateral
are
foreign
(1942,
esti¬
158,
Prov.
-
fixed
during
profit in 1943 for
the period
includes
to exchange restrictions in amount of $63,068
p. 481,
for
—A!!— $50,981,276 $30,054,134 $16,041,103
Deprec. & amort, on plant & equip.
2,291,710
1,785,239 V 1,278,713
Disc, on sales & sundry
charges—, 711,534
255,220
252,410
applied to the retirement of "
bonds, series C, due Nov.
mortgage and
These two series
$971,213
effect, and including reserve of $173,000
taxes under pending legislation.'.: v
and
Webster
&
in
additional
Total
trust
3Va%
funded
the
on
gas
158,
the
•on
been
net
a
$935,490
.!
—
laws
; 9 Mos. Ended
Company
Blaw-Knox Co.—To Pay 20-Cent Dividend—
charges per year of $3,724,331.
Freight traffic, he predicted, would continue at about present levels,
relatively, for the remainder of the year, and passenger traffic possi¬
a
Stone
-
collateral
Dec, 31, 4943.'
with
on
Central
and
The
approximately $43,000,000 outstanding.
he said, the interest bearing debt in the
for
$737,878
profit
increase
from
reduced
$777,168
Wet*
company for the 12 months ended Aug. 31, 1943, approximately 80% y.
was derived from
its electric business and 20%
from its gas business,
V
Since 1941,
hands of the
pm- c /•yv-o;** educed in principal amount by $11.'229,631, while new
obligations
and
1968.
1942.
of
its
he
notes,
1,
before
company
population
addition
in
reduce
to
312,648
f
$1,470,283 before provision
Upon completion of the
factured
at
modification
1938
Dec.
or
on
compares
'socket
to being obligated under
outstanding debt by $100,OCO,000 before any dividends can be declared, the company faces two
large debt maturities in 1944.
These are the 1944 4%, notes and the
its
due
population
Toledo, and" additional expenditures for improve¬
the line reaching into the Gauley Sewell Coal Field in West
where production is increasing steadily.
of
ments
expenditure of
facilities
coal
this, he explained, and of the importance
&
O
the oirectors of
the company had
B
and
Co.
present offering will .be
mortgage
interest
of
The
view of
the
to
the
authorized
its
In
war.
&
■
$4,000,000
requirements
to $339,000.
during
it
466,661
103.817..';;:v-'.vyX'^-T'
taxes.
.
had brought
war
D,
This
less
rate
Estabrook
102.81.
the
calendar year
'
that the
.1.674,345
Other
For the 12 months ended Aug. 31, 1943, the company reports operat¬
ing revenues of $7,709,581 and a balance available for .interest amort¬
ization
and Federal income and excess profits taxes of $1,958,384.
:
000
average
34,018
795,707
Borg-Warner Corp. (& Subs.)—Earnings—
'
of this financ- -;
ing and redemption of the series C and D bonds, the present issue will v;
constitute the entire outstanding funded debt of the company.
• •
profits tax rate, and also to limit the invested capital credit on the.
of capital investment of over $200,000,000, to 4% or somewhat
White stated
to
bid of
a
of
and
demption
part
than ; the
price
a
1965
1,
Director of Economic Stabilization, but declined by
the unions, wage costs on the B & O, including payroll taxes, would
be increased an estimated $9,650,000 for 1943 but. the effect on net
income would
be about 20%
of this because of the reduction ihe
increase would effect in taxes.
V !'•■
; •!!•;
The tax bill for next year will probably take an even greater slice
of revenue, ae said, since it is now proposed to
increase the excess
Mr.
issue
Proceeds of
by the
debt.-".
participated in the competitive sale.
groups
on
$7,300,000 4%
$22,700,000 more
basis of the wage rate awards
the
on
34,822
—V.
Offered
.
.
than
1,436,973
39,417
.
&
Note—Net
group
with
for the first ten months of 1943 are $46,898,017
more
than for the same period of 1942—despite the suspension
of
freight rate increases that became effective on "A 15—he explained
May
,'i
i et
income tor the current
year will be less than for last year
approved
1,451,639
36,913
mated
headed by White, Weld & Co. and Shields & Co. bid 103.65.
Halsey, Stuart & Co,, Inc.,' and associates were third, with a bid
of 103.019, and Harriman Ripley & Co., Inc., and
associates were fourth
While gross revenues
because
the
Blodget, Inc.,
improvements to property, $7,528,804, while $28,286,went to sinking fund to retire debt, and the balance of $9,507,914
added to working capital and used for other corporate purposes.
fund, or
capital
banking
1,317,879
1,609,788
JUnder
mort¬
gage and collateral 3s, due Nov.
1, 1973, was made
Nov. 19 by a group headed by Estabrook & Co, and Stone
& Webster and Blodget, Tnfc.. The bonds are priced at
104% and accrued interest Jto yield approximately 2.76%.
Other members of the o#ering group include BLyth &
Co., Inc.; The First Boston Corp.[Kidder, Peabody & Co.; ;
Lehman Brothers; Mellon Securities Corp,; Union Secur¬
ities Corp.; Paine, Webber, .Jackson & Curtis; Whiting,.
Weeks & Stubbs, Inc.; Putnam & Co.; Bosworth, Chanute,
Loughridge & Co.; G. H. Walker & Co.; Chas. W. Scranton & Co.; Brown, Lisle & Marshall; Herbert H. Brooks
& Co.; MacColl, Fraser & Co.; Miller & George andRichardson & Clark.
: ■£ Ay'At % -AJ.
A':-'
;
more
$2,124,082
deple.l_
Net
dividend
—Public offering of a new issue of $11,300,000 first
1943 will reflect earnings
the annual report for
Thus,
July 16, 1943.
on
operations
—
10
and
the preferred stock, both payable Dec.
on
Blackstone Valley Gas & Electric Co.—Bonds
,
•a
stock
share,
surplus
purpose.
II
Nov;
on
common
1940
$2,204,506
foreign income
excess profits taxes
subject
account of $230,068 out
of reserves created for that
This represents earnings applicable to year ended Dec. 31,
1942, or earlier, and
is equivalent to 55 cents a share after all
Federal income and excess profits taxes.
l
'Mr.
Newell
also expressed
the belief the Navy Price Adjustment
Board (renegotiation ooard) would be able to review the second and
larger contract before - the end of 1943 covering operations for the
balance
of 1942 and
ships delivered and completed on or before
to
directors
per
1941
$2,166,282
&
&
of IV2 %. or
1 to holders
of record Nov. 20.
Like amounts were paid on March 1, June 1 and
Sept. 1, last, and in each quarter during 1942.—V. 158, p. 765.
has
company
the
on
completed final adjustments with the Navy
Adjustment Board of the contract price for ships delivered under,
contracts on or prior to- Sept. 20, 1942.
■■■v.
was
added that this final adjustment resulted in the transfer
that
1942
$2,267,310
deprec.
depletion
Depreciation
Fed.
'
Bath Iron Works
1943
sales—
on
before
,
and
will
He
Vice-President.
Treasurer.
as
profit
Profit
(& Subs.)—Earnings—
Sept. 30—
reserves,
.patents,
withdrawal
charges,
under present
$252,474;
for .'.depreciation,
goodwill, etc., $1;
and
exchange regulations), $1,564.-
property,
amortization
total,
plant
of
and
Liabilities—Accounts
credit
balances,
dividend
on
equipment
$1,696,534)
payable,
$341,110;
customers'
$110,982; accrued payroll, commissions,
preferred
stock,
,
(less
$2,392,487;
$17,679,429,
$33,351;
accrued
State,
deposits
etc.,
local
and
$211,437;
and
misc.
■
Volume
Number 4231
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Federal
taxes, $212,321; accrued Federal Income and excess-profits
taxes, $912,401; $5 preferred stock.<26,681 Shares, no
par), $2,668,100;
common
stock
(450,000 shares, mo par), $4,500,000; capital surplus,
$4,032,590; earned surplus, $4,706,423;
commonstock in
treasury,
(5,045 shares, at cost),
Dr4?,286; total, $17,679,429.—V. 158, p, 1031.
Central Illinois Electric & Gas Co.—Reclassification of
and Change In Control—See Consolidated Elec¬
1943—3 Mos.—1942
Profit
after
all
but. before
Inc.
&
...
Fed.
taxes
profs,
taxes
/
■
.
./'■
;
$4,088,590
8.262,627
12,936,825
3,148,000
6,610,000
10.800,000
$940,590
$1,652,627
$2,136,825
Gross
Net
■;
Earn,
after
but
before
-
excess
Inc.
Net
due
necessary
p. '356;
Fed.
5,638,672
4,303,800
$1,018,106
k'"
^
$1,334,872
Retirement
$1,485,767
Other
the
of
65
income
Gross
V-v
stock, par $i,
common
19.
Distributions
and
Aug.
of
45
last.
27,
July
8 and Sept.
cents.—V. 158,. p.
cents
payable
3,
45
1942
each;
and
| "'-v.;
482.
been
of
Feb.
on
were
Nov., 25,
a
Buffalo, Niagara
record
"
.
—V.
of
158,
Other
$8,149,920
income
.—./.
45,619
deductions-.
Income
$8,224,884
.
92,771
;
:
Operating
Other
i,
■
i Net
income
—
of
Balance
/
-b--—
/—
■;
$6,455,683
1,101,000
---;'i $4,228,212
$3,969,546
$5,354,683
"Revised
—~z
2,201,248
2,931,166
$3,010,955
Fed.
exc.
158,
1343—9 Mos.—1942
Fed,
income taxes—
exc.
profits
Canadian
income
$3,260,742
1943—9 Mos.—1942
2,486,914
£ 2,971.759
413,074
,615,413
taxes-
1,232,000
-1,238,000
1,830,000
1,298,000
Electric Corp.—Earnings—
Gross
-
3 Mos.—1942
;
12 Mos. '43
$463,324
$2,147,814
394,336
343,560
1,572,356
$131,533
$119,764
$575,459
$4,137,447
income
$3,200,303
6,073
$5,089,943
8.472
; v
'$<■
1,421
3,857
$132,646
,
1,113
$121,185
51,403
Net
income
10,715
income
$69,782
$377,056
2,984
taxes_
'
v
Balance,
v'./
2,984
$61,779
Gross
income.
u.;
—
$4,143,521
deductions..-—.
$3,208,775
1,458,336
1.909,508
$1,752,545
$4,621,143
2.021,992
1,456,229
$2,685,184
$5,097,571
Balance/Sheet,
$278,722
Assets—Property,
income
inc..
480,000
$175,584;
$1,392,545
$2,087,062
$2,119,151
b
-
tracts,
■
Balance:
v'.-b*ReVised';.
v"
Federal
Fed.
income
—V.
:
1943—9 Mos.1942":
•
taxes-- ;;
$837,000
taxes...
1,021,000
profits
exc.
■':■■■'"'
158, p. 1822.
■'
,;
revenues
Other
than
Operating
$6,888,785
oper.
242,044
18.528"
133,602
2.236,772
54,996
638,095
Prov. for
$327,305
revs.
deprec.—--i—
oper.
61,210
Other
revs.------
$303,999
$3,723,016
62,320
877,599
?. $266,09$^^ $241,679
3.551'"1':
2,990
$2,845,416
■ •
income
(net 1
•
equity,
Power
revenues
$1,301,480;
$66,520;
&
$269,645
—:
Amortiz.
&
of
debt
1,841,717
Int.,
$3,155,306
—
$3,624,844
2,715.124
M'.sc.
deductions
deducts.,
1-.035
Rr2,242
etc.-—
■'
42,080
1,202,556
1,262,999
101,337.
71,935
1,015
18,543
70,659
,
Net
income
"Including
Canada
1
38,062
497,262
$98,341
$1,099,444
Northern
Power
158.
p.
1728.
\•
'
Note—Operating
taxes.—V.
158, p.
.,
$212,666
do
expenses
8221.575
include
r
Canadian Pacific By.
.
not
1527.
S
1,943,448
income
A'
and
Traffic
earnings
158,
p.
excess
The
.
Mass.
-Traffic Earnings—
.
share.
a
curved
for
erty.—V.
3,000
of
Public Utilities
additional
are
to
be
shares
used
additions and
extensions,
has
($25
(J. I.)
approved the issuance
of capital' stock, at
for payment of indebtedness
'
;
<
.
inc. tax'
the
present
S record
(
last.
—V.
have declared
$100
par
Dec. .12.,
Payments
158,, p.
A
in
value
a
year-end
common
were
as
plant
and
ih-
prop¬
■
96,000
Securities
:
134.000
'
280,000
511,867
1,024,700
,
31,000
86,000
and
South
'
West
Utilities
Co.,
has
and
.
..
Oct.
*
1,
•
was
$3;
1:
:
.
made.on
and
July 1,
Dec. ,24,
•
$4.
-•*
Robert
the
ICC
ownership
stipulated
deposited
in
profit
Gross
Other
in
the
neutral
hands
income
„i:
$2,125,'3Q4
198,743
$1,204,355
$2,324,046
67,063
;
i—I
56,099
$1,137,292
$2,267,948
II1_I
chairman
Wheeling
&
the
roads.
before
necessary
all
oi
stock
of
a
the
of
the
trustee,
the
proposed
Stock Oversub¬
—
':k',
I.
M.
Simon
&
St.
Co..
that
groups
voting trust -^certificates for common stock, announced
the issue has been oversubscribed and the books
closed,
offered
was
with
$12.50 per
at
share.
the offering of voting
shares of common stock, noted in our
following extracts from the prospectus:
trust certificates for 60,000
issue
of
Nov.
15,
give
we
the
History and Business—phicago and Southern Air Lines, Inc., operates
as
air carrier of
an
passengers, mail
and express between Chicago, 111,,
New
Orleans, La., via St. Louis, Mo., Memphis,
Tenn,, and Jack¬
Miss,; and between Memphis, Tenn., and Houston, Tex., via Little
Rock, Ark., and Shreveport, La.
These operations are conducted under
the provisions of certificates of Public
Convenience and Necessity issued
Such certificates also authorize service
by the Civil Aeronautics Board.
Peoria,
Pine
Bloomington,
and Springfield, 111; Greenwood, Miss;, and
these cities are not presently being served by the
Bluff, Ark., but
company because of
crosses
the
inadequate facilities.
mountain
no
industrial
and
range
and is
distributing
and serves the
of
area
more
■■/'/"•"
•■/'.
practically at
the
sea
Great
The entire
level.
Lakes
route
It connects
with
the
important centers of population
Gulf
in
the
Mississippi Valley between these terminals.
In
addition to business
originating in its own territory, the company receives business from and
with
business
Pan
to
American
has
pany
from
all
the
transcontinental
air
lines.
Connections
Airways Corp.,
direct
no
at New Orleans, provide service to
and points in Africa and Europe,
Com¬
parallel
competition from other airlines except
Inc. between Chicago and St. Louis and be¬
Memphis.
Company does, however, coihpete
with Braniff Airways, Inc., for
Chicago-Houston business.
Company had its origin in the formation in June, 1933, of Pacific
American
Airlines,
Rock
Little
and
Seaboard. Air
Lines, Inc. (Cal.), which operated
air service within the State of California,
press
tract/between
San
Francisco
and
Los
a
and ex¬
passenger
without a mail con¬
via Monterey, Santa
Angeles
Barbara, and other intermediate points.. In 1934 Pacific Seaboard Air
Lines, Inc., was awarded a mail contract between Chicago, 111., and New
Orleans, La., and moved its operations, personnel and equipment, to
the territory involved in that mail contract,
in December of the same
by
of the change in the territory served, the name Pacific
Inc., was changed to Chicago and Southern Air
31, 1935, the assets and business of Chicago and
Southern Air Lines, Inc., the California
corporation, were acquired by
Chicago and Southern Air Lines, Inc., the present company, which
Lines,
281,795
_"Y_
;
deductions
is
f
connection
reason
Seaboard
$922,560
—
income
•
applicant's interest will concentrate more of the
single holding, and this should be a factor
definitely
that
stock
year,
(Including Wholly-Owned Subsidiary Companies)
Operating
Young,
that
the
Air
Inc.
Lines,
On Dec.
incorporated in Delaware Dec. 30, 1935.
present routes flown by the company
was
/
The
miles/
Scheduled
flights over these routes
as
,
Other
R.
additional
underwriting
delivers
.
6,510 miles daily.
Company
which
Douglas
uses
the
is
-
same
DC-3
'
/ '
■
j
;
•
.
?
<
twin-motored
type of equipment
the United States.
air lines in
■
total approximately 1,380
of Sept. 1, 1943, totaled
21-passenger aircraft,
is used by most of the major
as
'
c
.
.
(
.-
The following table sets forth in comparative form certain statistics
relating to operations of the company during the calendar years 1939
through 1942:
-
profits
Int^st
•—
—
on M'/t.
U; •Sr'Govt.
sinking fund gold debentures
income
income' /
Excess of
tures
'•
.
&
excess
Cqnhdian Govt, income &
";.fNet
—V.
$4 per1, share on,
stock,,payable Dec.. 24.to holders
follows:
$1,420,236
•••/.•.•
company
Wheeling &
preliminary to the merger
of the Chesapeake & Ohio
stock
be completed.
authorization
the
60,000
12
The
excess
taxes
profits, taxes./
'•,
—
principal amount
purchased
profits
301,234
245,732
1,104,077
121,578
69,124
330,777
$468,748
over
$763,968
Cr2,670
1
rev.
Total
number
mail
exp.
Gross
passenger
For
profit
p.
••'•••
the
$471,418
$800,798
1822.
Central Vermont Public Service
With SEC for Twin State
Corp.—Registers Stk.
Merger—
corporation'
Securities
and
on
Nov;
Exchange
12
filed
a
Commission
registration
for
,197,954
the
shares
of
with
the
the
common
is
15,973,503
23,414,438
28,438.154
23,353
42,064
62,125
69,075
rev.
year
pass.
2,327,573-.
2,210,187
miles 192,459,984 254,095,673 303,644,050 523,539,524
miles
56,411,769. 72,865,979 108,048,653 211,307,515
revenue
$424,115
$733,027
$1,081,950
$1,421,335
ended June 30,
94.95%
71.61%.
occupied
addition
to
the percentage of schedules com¬
the
percentage
of
seats
occupied
1943
and
For
the,year ended June 30,
amounted to 55.43%
1942 the percentage
.
its
commercial
airline
operations
-
and
result
of
is presently rendering a number of services
Army Air Forces pursuant to contracts entered into with the U.
to
wax-,
the
Government.
statement
9,241,554
aggregated
seats
In
1942
1,983,263
pound
pound
amounted to
of
1941
1,768,668
miles—
pass,
Total
1940
miles_.
plane
Total
pleted
158,
The
rev.
Total
Cr36,829
cost of deben¬
during period—^
/
1939
Total
dividend of
distribution of $3 per share,
1942
1728.'.
$1,580,640
467,000
subsidiary of Central
a
;the
■.
Case Co.—Year-End Dividend of $4—
directors
1,321,900
_
Net
The
1,388,687
$4,913,000
par)
improvements to
155, p. 2363.
two-thirds
of Mexico,
(less
■"Net
Proceeds
$2,742,136
Sept. 30—
:.
•
( : ; VV ; ^
1943
i1942
freight, discounts and allowances 1
$14,406,043 $17,472,686
goods sold,, sell., admin. &
gem exps.—
13,004,739
14,839,587
Depreciation (buildings, mach. &
equipment)—
470,804
499,349
Depletion,(gypsum and gypsite deposits):
7,939
8,446
-
1942
$6,090,000
——w__—
bepartment
$2,969,327
$408,595
the
of
a
'
V
1943
1822.
of
company
$50
$719,829
9 Mos. Ended
;
Cape & Vineyard Electric Co.—Stock Issue
Approved
by
6,009
Cost of
profit
/.
:
■
Sales
$2,062,217.
V'■
^
Week Ended Nov. 7—
—V.
8.630
Certain-teed Products
Corp.—Earnings—
Corporation, Ltd.—Earnings
Sept. 30—
1943—Month—1942
1943—9 Mos.—1942
Gross
earnings—$336,708
$365,465
$3,181,926
$3,413,595
Operating expenses
;
124,042
' 143,890
1,238,478
1,351,378
earnings———
Nov.
to
>;
Period Ended
Net
,
Exchange: Commission a registration
referring to the proposed sale of $25,000,000 3 Va%- first
mortgage bonds, series ,A, due 1973.
The proceeds of the sale, if and
when approved,
together with certain company funds are to be
ap¬
plied to the redemption of
$25,006,000 series A 3% % first mortgage
bonds due 1969.—V,
158, p. ,1822.'*'■ .'v:
v-Cit4i'vii. ";V
$784,928
profits tax.—V.
excess
with
statement
354,267
$105,794
——
'
>
$2,736,126
r
surplus;
son,
Registers $25,000,000 Bonds With SEC—
filed
15,361
57,300
Lake
laws,
the Latin American countries,
Fed.'
Company,
5,914
purchase of
&
into-a
tween
:
application,
the
can
offered
and
311,233
:i
$564,857
the
necessary as
Erie into one
Kebbon, McCormick & Co., Chicago, and
Louis,
joint
syndicate
managers
of
the
1343.
p.
$2,960,697
345,898
Net. income—
stock
.Company's line is called. "The Valley Level Route."
$722,071
$910,755
authorized
V
shares),
1943—12 Mos.—1942
$909,720
income—
has
common
Chicago & Southern Airlines, Inc.
*
oper.
"Includes:
$2,488,214
1.120
income
par
$2,870,322 $12,406,699 $10,904,281
2,148,251
9,446,002
8,168,155
.•:.A '•
"Prov. for Federal taxes
011
ho
$2,446,134
$2,889,741
5,895
4'?--V--'-
..
'709.172
r
44,324
.
$244,669
99.537
(20,000
632,692
;
.
disct.
'
expense
stock
1943—3 Mos —1942
income-.
Other income..__l—
-
,
payroll
Light Co.—Earnings—
Excess profits tax—
Gross income
Interest
surplus
common
and taxes
exp.
Net
'■
Net
bond
war
liabilities, $395,269;
preferred stock < 13,appropriated for increasing
of
on
was
scribed—
$5,872,030
290,901
"Oper,
Gross
Net
shares),
par
Period End. Sept. 30-
58,841
Fed.
employees'
shares
said
board,
stock
its
In
$1,000,000; earned surplus, $640,544; total, $8,951,893.—V.
158,
458,000
1943—12 Mos.—1942
$511,126
'
$4,405,000;
prepayments,. $15,615;
;V'-'b '
188,838
exps
other
no
shareholders'
$1,115,657
.
Central
31,091
oper.
972
1943—12 Mos.—1942
Co.—Earnings—-
$606,075
u
materials
and
supplies, $88,858;
debits, $460,813; total, $8,951,893.
savings
(contra»,
$1,355; current
and
.accrued
deferred credits, $6,279;' reserves,
$1,135,445; $3
'
$1,128,000
1,463,000
1943—Month—1942
Maintenance
Taxes,
:
•/v''
Interstate Telegraph Company)
(Including
Period End. Sept. 30—'
Oper.
,
;;V-. rj '\\\:}
California Electric Power
r
$834,000
' 458,000
-
$40;
Liabilities—Long-term debt,
deductions include the following provisions
revenue
T'■■'
taxes:
and
notes
deferred
';V.■"
:;
.Note—Operating
for
vi';;■;
..
equipment, including organization ex¬
intangibles, $7,742,351; special deposits, $42,626; cash,
temporary cash investments,, $73,707; accounts receivable,
receivable, $720; notes receivable, merchandise con¬
$351,579;
360,000
$3,188,062
1,101,000
$2,599,151
981,000
$1,704,184
——.
net
30,51943
and other
pense
Net
Reservation of
plant
Sept.
p.
ac¬
$12,500;
$3,291,607;
facilitating unification of the Wheeling & Lake Erie with
another
carrier, whether the applicant or the Nickel.
Plate, or with some
Wholly unrelated carrier."—V. 158, p. 1934,;
/..v...-.-....
;
'
Income
158,
etc.,
1934.
':///•-'/v,■■ /./■:
Ohio
stock
86,400
$55,276
surplus *
stock, $500,000;
payable (patents),
taxes,
Commission
additional
/-
hearings
C&O
Increases
11,934
5,019
for
v-/.'.
recent
acquired,
24,400
preferred
accounts
The
'
V $82,660
intangiblqs__+>////- ; k
■■;
same, order authorized the
Chesapeake & Ohio to acquire later
14,357 shares of' Wheeling & Lake Erie common
-or
preferred stock,
stipulating a maximum price of $65 a share.
Negotiations, have not
been completed for these shares.
The ICC said:
/ v "With
this stock,
with that: already owned,
and
that' hereafter
202,259
$4,610,428
7,628
——I..'—2
—
of
for Federal
deferred
Commerce
60,000
Ry.
'
Amortization
194$
Wheeling & Lake Erie now owned or later acquired
by the Chesapeake
& Ohio,: the Nickel
Plate, or any affiliated company,
including the
Alleghany' Corp., be deposited with a trustee.
This will prevent the
.Chesapeake & Ohio from voting the stock.
The
Chesapeake & Ohio is acquiring the
Wheeling & Erie stock
through Blyth & Co., at a price of $52.21 a
share, or a total oi
$3,132,000.
-V:;
$579,315
49,986
—
income
Provision
b
Income.
,
V $525,868
Income deductions
1943—9 Mos.—"1942
1943^-12 Mos.—?
19^2
Operating revenues$18,953,245 $17,297,955 $25,161,133 $23,207,867
Oper, revenue deducts14,815,797
14,097,652
20,071,190
18,597,439
Operating
1943-
,
.k~—
revenues
revenue, deductions
Other income'
Period Ended Sept. 30-^
Other
v:. v.
;
..
HO,
acquisition will give the C&O and the Nickel
Plate, an affiliate
approximately 67'^ of the stock of the
Wheeling & Lake
the
In
$1,238,961
profits
$597,001;
Interstate
merger
$1,192,000
Operating income
524,578
,
158, p, 885.
Buffalo Niagara
.V.A.
■
$892,000
2,486,914
taxes-'
—V,
v
$834,000
Sept.
and
$165,024; reserve
total, $11,197,785.—V.
Erie
Under
1943—12 Mos.—1942
taxes..
p. '885.
Operating
Operating
$3,068,597
456,389
taxes-
$2,297,038
of
provisions
Central Ohio Light & Power Co.-^ -Income
Statement—
1943—12 Mos.—1942
$2,470,563
1,875,100
;
$3.15
Wheeling
revenue deductions. include■ the- following
'(.■
income
—V.
$5,894,530
$4.55
company,
Erie.
•'
2,996,232
$2,606,685
Period Ended Sept. 30—
Federal
$6,007,188
$1,932,671
:
Federal
140,000
$1.21
purchase
Lake
28,191
$1,892,770
.
$1.63
Lake Erie
Note-^Operating
deductions include the following provisions
revenue
$5,537,852
to
$5,978,996
v
'
'
Note—Operating
$4,133,919
$5,494,656
43,196
24,088
2,173,889
for taxes:
480,000
.
income
17,500
share.
com.
$467,266
i
Chesapeake & Ohio By.—Is Authorized to
Buy 60,000
of Wheeling & Lake Erie—:
-v-.
'
"Revised.
v--
360,000
$4,109,831
$4,066,660
.
17,500
140,000
Shares
At
$6,374,530
i-
•>
981,000
,
income Ui——
deductions
$655,414
70,000
$3,131,653;
1943—12 Mos.—" 1942
$4,033,884
32,775
.
—
$2,525,180
4,845,000
212,914.
$178,144
Liabilities—Common stock,
$3,500,000;
(& Sub.)—Earnings—
46.736
v
$10,480,254 $10,468,902
3.053,258
4,024,571
4,094,372
$5,209,212 ( $4,329,546
,
inc.
net
by subsidiary
income—k.
318,773
70,000
counts payable,
accrued wages,
The
:
Reservation
210,964
k/"Vkk;/.\,
income
Income
$7,382,804
3,015,672
....
163,002
69,514
.
buildings, $1,857,009: machinery arid
equipment,
$1,267,648;
buildings and equipment,
amortized, $426,540;
patents, '
$92,741; U. S. Treasury bonds, $600,000;
inventories, $3,239,616; cash,
$654,629; accounts receivable,
$2,833,161; deferred accounts receivable,
patent license, $5,000; deferred
assets, $76,381; post-war tax refund,'
$145,060; total, $11,197,785.
$63,107
profits taxes
106,258
$3,595,842
2,621,655
$237,719
Assets—Land
228,756
$443,728
•
"
1943—9 Mos.—1942
$907,041
659,383
dividends--
per
The
$7,337,185 $10,387,483 $10,422,166
74,964
income
$291,863
166,019
1943—3 Mos —1942
950,877
Balance, Sheet
Dr513
$609,747
1943—9 Mos.—"1942
issue
$1,294,854
amort.—,
$292,376
74,129
nl
taxes.-,/:,.
profit/————.
dividends.
Earn,
oper.
'
Net
Gross
$535,617
:
excess
share, the remaining 195,000
competitive bidding rule of
public and names of under¬
amendment.
profit-.,——
•
—
946.
p.
Twin
purchase
and sell
privately for cash
bonds, the price received and interest
by
Preferred
Operating revenues—— $25,942,570 $22,535,658 $34,414,923
$30,614,895
revenue" deducts.21,908,685
18,425,827
28,920,267
24,635,898
(& Subs.)—
'
supplied
and
Common
3,260,945
148,875
v
145,598
Central New York Power Corp.
Gross
incoine.
Net
1942
$3,702,196
,
65
Period Ended Sept. 30—
1943—9 Mos.—*1942
' 1943—12 Mos.^1942
Operating revenues
$39,298,447 $37,750,868 $52,575,512 $50,625,115
Oper, revenue deducts31,148,526
30,413,683
42,188,029
40,202,949
Operating
3,289,319
.
"Includ. Federal income and
27
,25,
kkk/ %.•,(/ %
Eastern Power Corp.
11
$3,970,534
Nov.
Feb.
year-end
^'':v
;
1943
,
_v--vr-^rtr-
b Period End. Sept. 30—
Earnings—
Deprec.
iu//,//—..
-.//Lu
the
to
Chapman Valve Manufacturing
Co.—Earnings—
C<h—Earnings-
deductions————
income
on
25,~ May
follows:
as
Net
declared
be
Period End. Sept. 30—
840,549
,
1
holders
to
made
were
during
cents
29
Nov,
each
cents
Payments
has
share
per
to
Operating
income;, net—t/~/
Income,
dividend
940,639
■
accruals
reserve
a
the
the
to
Co.
Proceeds from the sale of the common
stock and bonds will be used
to pay cash to holders
of 24,550
shares of 7%
prior lien stock of
Twin State, equal to $110 a
share plus unpaid
dividends, as provided
in the merger
agreement; to repay a bank loan of
$150,000; to pro¬
vide additional
working capital; and to acquire $40,000
3%
deben¬
tures and $8,000 of 5%
debentures*of subsidiary companies.—-V.
158,
p. 1633,
371,210
profits taxes—
excess
"
.
'/ Operating' income .—(t—1——'
do not; reflect- adjustment which may
of profits of war contracts.—V. 158,
years
to renegotiation
/
year-end
and
12 Months Ended Sept. 30—
Operating;. revenues.
-"Operating revenue deductions—
6,426,000
Buffalo Forge Co.—65-Cent Distribution—
A
income
158, p. 946;
price
of
merger
$794,386
779,541
Central Indiana Gas
7,911,767
2,547,800
,
714,610
$1,033,989
...
.
$3,565,906
Note—Earnings for both,
be
$36,320,224 $36,848,542
1,261,200
profit U—$478,009
rate
Prov. for Fed.
$1,739,209
taxes
$1,508,996
789,183
proposed
that company.
New England Public
'Vermont als0 Plans to
$500,000 first mortgage series C
1943—9 Mos.—1942
&
taxes--.
prof,
exc.
•
—Not Available—
$1,823,172
charges,
income
profits
&
-
all
—V.
1943—3 Mos.—1942
//
*
$1,502,684
6,312
*.
dividends
"Includ.
Sales
480,000
$1,494,509
328,663
income
Common
-Earnings—
Period End. Sept. 30—
4,752,138
560,000
——
deductions
ipto
by post-effective amendment.
$6,734,821
5.330,378
net-,.
income.
Income
Note—Additional reserves for postwar rehabilitation have been in¬
cluded in 1943 figures. Earnings for both years
quoted above do not
reflect adjustment which
may be necessary due to renegotiation of
profits of war contracts.—V. 158, p. 1822.
" ,
Budd Wheel Co.-
$7,384,886
income
income,
Co.
Commission.
Offering
writers will be released
1942
.
Operating
Other
Electric
the
1943
deductions/,,-—
&
under
September 36
'accruals—
Par>.Jn connection with the
shares of the new stock at
$16.25
shares will be offered for sale
k.\>"
$2,193,081
1,730,000
profit
revenue
' reserve'
Gas
With the agreement of'the
954
2
Operating revenues'— k—-——/'■Operating
Retirement
$80,403,964 $86,666,087
$463,081
exc.
Net
charges,
..;v'•.
Months Ended
("°
Slates
„
V:
1943—9 Mos.—1942
—Not available—
''V•:■■■■
Earnings 12
(Edward G.) Budd Manufacturing' Co,—EarningsPeriod End. sept. 30—
Sales-——
-•took
Stock
tric.& Gas Co.
2041
as
a
company
Under
these
contracts
the
company
has performed,
S;
and
presently performing, such services as transporting Army cargo by
air in a regularly scheduled operation, instructing Army personnel in
THE COMMERCIAL
2042
both
Asia
the
operation and maintenance of aircraft and modifying Army
its modification center.
Secrecy agreements prohibit the
As of .June
30, 1943, the company employed 1,383 persons,
*
,
As evidenced by applications on file with the Civil Aeronautics Boara
as
of Oct. 4,
1943," the company has 23 proposed extensions to its
present system.
/ ; ;
■"
aircraft
the
at
,
the
Purpose—company intends to apply the net proceeds from the sale
the 60,000 shares of common stock (v. t. c.); estimated at $635,343,
to any one or more of the following purposes: (1) purchase of aclclitional equipment to be used on present routes, (2) purchase n£ equip¬
from
IT %
to4 June
30
1943, and'prior to Sept. 15, 1943, pursuant to options, and is sub¬
ject to increase upon the exercise, subsequent'to Sept. 15, 1943, of ad¬
ditional options.
iThe term bank loan represents the renewal at July
31, 1943, of $225,000 of "notes payable to banks."
//
■
of
shares
2 011
stock
common
issued
years,
the
of
The
of the voting power of tne
the
7.
the
holder
has
and
company
beneficial
in
conduct
the
of
trunk- line
new
to
which
cities .is
would
.
applications filed
additional
25
routes
from
out
span
V■:;
proposed,
Chicago
(111.)
and New Orleans
(La.)
and Houston (Tex.)."—V.'158, p. 1.934.
Proposed Employee Retirement Income Plan—
its
and
of
have
company
of
stock
common
the
'
voting-trust agreement.
Underwriting—The
of
names
of the
certificates and
''/' ///'
Weeks, 7,500:
underwriters
the
of
stock offered
common
underwritten
Kebbon, McCormick & Co.,
Corporacion De Ventas De Salitre
York
New
The
15
City.—V.
for
Securities
to
a
1968, have been
158,
1823.
p.
...
/
Dec.
1
and
Exchange
Commission
has
postponement until Jan.
17—V.
158,
postponed from
..
Nov.
:
revenue
Retirement
to
'.j
■'
1.942
•
67,249
reserve;• accruals„_\.4^„„„_„_4j.
•■'
,10,794
60'.
1,285
of
$14,667 /•
$18.60(1
1,027
Br 1,119
'
$15,694
$17,486
.-.■
/'--it
•
for
the
in
company
deductions
In
5,398
11,682
/-V.
With
/
is
shares of
the
part
for
the
transfer
stock of
common
the
to
sale
the
of
shares
35,000
of
company
of its
The
the
company.
all
Carleton
Putnam,
of
25,000 shares-the following
shares;
11,743
Humphreys, 594. shares;
beit. 2,936 shares.
•
By resolution of the
D,
Bruce E.
of
6,791
Braun, 2,936 shares,
•.•l'7'7;
board
Walker,
D.
respective
/ ■:
V:
of the
May 14. 1943, the
company authorized
the conversion of the outstanding options exer¬
cisable by the persons named into bearer option .certificates authoriz¬
ing the respective holders thereof to purchase the number of shares set
forth in said options, at a price of $8 per share, up to and including*
Feb.
1946.
25,
As of
the
exercised,
There
Bearer options to purchase 2,011
Gas Co.
of
of
at
The
■■
12 Mos. End.
'
June 30,'43
the
has
company
of
been
the
-
Corp.
The
Hope
Operation
Prov.
for
retirements
568 851
140,335
98.625
Federal
income
Federal
excess
:
Income
'
at
provision for
Bayou
$166,938
61,953
4,182
57,770
62,929
123,149
$260,581
$99,826
"The
"are
local service
corporation's
line
in
"Washington
who
signed
"Basic
with
five
Expenses
a
declaration
points
of
the
of
officials
free
arc
and
16
major
airlines
open
required in
"With
the
the
universal
public
com¬
interest.
acceptance of
the
"Great
Circle'
route
principle
in moving between two points on the globe, the
corporation's applica¬
tion
for
a
trans-Alaskan
airway from Chicago to Singapore and
Batavia points almost directly the highways to the
richest cities of
'
with: The
A
■
and
2,986.914
Gas
7,296,439
24.244,953
206,251
4,935,260
24,395,581
:
'
-
' 888,987
2,458.967
Corp.—
P.,
;
260.158
■
1,561,350 ".v
inc...
1,204,113
1,710,298
per
consolidated
Columbia
five
oil
&
Oil
or
Power
<fo
"
income
issued.
on
This
before
or
be
redemption
the
covers
June
selected
15,
has
for
recapitalization,
postponed until Nov.
Commission.
' '.l/v'V..'/; -
Exchange
29
originally
by
Commonwealth
recapitalization
allocation
of
securities
file
may
plan
to
amendments
which
present
would
$6
the
Se¬
-;/■
■;. ;•
.
that
proposed
Corp.—Hearing Put Off—
been
with
alter
preferred
the
and
the
per¬
com-.
'■,■:/':
./;.•■/: //;
-•' iV-t
Whiting/ President, has authorized the statement that rep¬
of the
preferred stockholders committee and of certain
■
now.;op file.
The officers will give care¬
study to this; suggestion and, 'after conferring with the Secur.ties
Exchange Commission; will Submit the matter to the board Of di-
/; rectors J
/.'
/;,'/■/::/ ;/■/.,
■"
•'"/;
-:y.
'///./V. /
J:Weekly Output—'
The
;
weekly
this
kilowatt
corporation
hour
output
adjusted
to
the
territory served for
of
ended
week
electric
show;
general
energy
of
business
subsidiaries
conditions
of
Nov.
11, 1943, amounted to 253,995,174 as comparedwith 225,629,491 for the
corresponding week in
1942, an increase of 28,365,683 or; 12.57(1.—V.
158, p. 1935.
* '•
Community Public Service Co.—Earnings—
Period End. Sept/30—
Total
oper.
1943 -3 Mos,—1942
after
$1,089,411
■1,050.685
taxes
operating
Net
1943
$1,252,675
revenues-..
expenses
834,360
12 Mos.—1942
$4,146,720
3,558,668
and
expenses
from other oper
avail,
for
-
expenses
Net
$255,051
28,204
$588,052
231,635-
..-.„■
,.
■/
$710,12
99,7<
int.
$283,255
74.156
disc.
75,226
"
$819,687
&
^
income
$3,680,083
2,969,958
/'.v
$201,990
75,566
$277,556
Interest <fe debt
301,660;
$203,400,
^
$208,029
.
$518,028,
$809,92
301/95
$507,96
"Includes:
,5,055,188
7,568,989
Fed.
6,455,146
Post-war
6,453,640
.
■
-
..
statements
do
.
V;
,
.
-
$0.41,
.
not
'
ihclude
$0.17
American
has
Gasoline
subsidiaries
originally
stockholders have discussed with the
management informally
a
proposal to amend the plan to provide'for an 85'i -15'.T
allocation
between the preferred and common stockholders
instead of the 80ri■20(5: allocation of the plan
868,580
its
Co.
of
income
;exc.
taxes—..
59,025
profits-taxcredit
-
148,426
CrJ.4,843
61,376
,
.
,
248,451
235,0
389,515
19,701
Crl,970
,
42,4
Cr4.2-
CrJ8,952
.
_
stk.
——
Power Co.
Fuel
series
common
!
subsidiaries.; The. corporate charter of Ameri¬
been repealed and-its. former assets .are
held by a trustee under the Federal Bankruptcy. Act.- Trustees in bank¬
ruptcy have also been appointed-for its subsidiaries, except Kentucky
Drilling Co., whose assets are of little value.
On March 30,
1943,
can
R.
4,433,531
.
outstanding
Fuel &
of
12.463,035
1,969,771;
paid..---
common
.
bonds,
,/;..
976.410
earnings'
share of
$1,000,000
satisfy
'
468.573
'
...
tConsol.
.
to
•etc.
3,434,042 j;18,457,916 "113,492,757
miscella-
less
Redeem
2,455,031
,
owns
1823,
p.
stockholders,
Net
3,492,906
•/'(■•'. / ./;■.''
to
.
158,
To
-
19,440,694
3,478,698
612,231;
and
Justin
■
/■'/
it
transportation properties.
is likely the present mahageaccordmg to a statement by
—
corporation's plan
the
its
19,234,443
150,628
.
3.155,281
Co.
redeemed, will
Nov,
to
13,299,890-
-,
on
lor
resentatives
V
6,946,183
be
reported
and
18,011,131
which
other
manager.—V.
Edison
series
to
is
ful
"'9,801,464
stock
common
.
the sinking fund provision of the
which the company is obligated to provide for, the
year of 1 %
of the aggregate $100,000,000 principal
this
hearing
scheduled
mon
14,420.924
10,195,903
2,533,687
-
Electric
&
of
centages
.
013.484
interests in
general
taken
was
SEC
;
.
there¬
GovenrntehFregulatory a'uthovU
■
Gas
vg-\'i
-
15.610,809
2.255.535
895,350
have, any
It
Chicago
; ;
g
31.898
mi-
agreed to sell the
the sale is consummated, it
railroad will be continued,
bonds
curities
which
Tennessee
and
years
laws,; applied to cur¬
System companies is
;
Commonwealth & Southern
,
Natural
of
20
tax
.
1943—12 Mos.—1942
4,903,362
ancl
hot
the
The-action
Fed.
"These
worldwide
petition; private ownership and management; fostering by the Govern¬
ment of a
sound worldwide transportation
system; world freedom of
transit in peaceful flight; and the acquisition of civil and
commercial
outlets
Hope
control
with
"
39,015
Consolidated net
announcement said,
Policy expressed at a
of
of worldwide expansion,
program
line,
Co.
Statements
4,625,100
income...
neous
applications," the
by
the
Co.,
contracted
Interest and other fixed
charges
Declaration
;
57,938,280
4,664,115
first
Columbia
1, 1944.
:
' /
by lot by the trustee.
=
The redemption of this amount of
bonds, Mr. Freeman stated, will
also absorb the post war credit of lOT)
of the Federal excess profits
tax to which the company is subject in 1943.
C : i •-.•/■.'yV';
/ The company took the same action a year
ago.—V. 158. p. 1935.
;
con¬
58,815,796
;
Preferred divs.
15
of,
the; .contract
—~~
applicable
Columbia
point
one
public
12,743,209
,
the
present
to
cost
redemption of $1,000,000 of first mortgage: 3
The
subsidiaries for the .purchase
revenue
inc.—
has
Vondersmith.
Bal.'
Washington.
July
of
Transmission
Va
2,591,076
Under
net
conditions, it is estimated, \yill require from 60 to 90 days.
not announced.
' v-::-/■■;-//.yd
/; /•.■■'■
Interests, Inc., is composed of investment bankers who ufc
do
amount
also
was
construct
to
1,008,594 Crl,410,432
corporation
route
new
the
Co,
14,133,390
tax
annually for
annual
sinking fund requirement due
;■■■'
certificate
g
2,520.038
stockholders:
which
mortgage under
retirement each
certificate: of public
a
121,641,184
interests, .1.^
Balance
routes.
conference
its
income
3,369,288
.'.V,
to
I, on Dec. 28, 1943, at 105V-i has been authorized
by the board
directors, Chairman Charles Y. Freeman announced on Nov. 16.
v
Co.
134.175.030
:■
nority
$160,755
4,242
of
G.
The
delivery
Gas
24,012.275
tax
prof,
divs.
minimum
.;'"/';.-vV---/; i"1- ■/'•
of 3 xk % Bonds—
:
&
charges
The company's post-war program proposes new routes
totaling 32,284
miles into foreign lands, 4,(r41 miles of new domestic routes and
miles
by
has
$2,120,000
Commonwealth
from
v
.
application
other fixed
and
Preferred
expansion ,of passenger, mail and cargo services on an
unprecedented scale was announced by this corporation on Nov. 10
in a
report listing all new route applications now on file with the
in
Co.
Gas
profits
excess
income...
Interest
Program—
Aeronautics Board
P.
of
Gross corporate
$341,674
more
$1,250;
was
event
of
"Total
Post-war
Civil
ment
:
Chicago Corp., contemplate com¬
1944, thereby providing means of
of
r'1 //.'
These
present
than Fed.
operating
Other
profits tax required.
excess
line
Natural
Transmission
38,445
186,079
,
inc.
income—--—L—-
Post-War
99,439
'$508,612
on
$303,230
higher paid
than 30
for
or
approximately $425,000.-
notes
:
-v
137,883
income
Note—No
$67,4.99
"
&
40,668
$370,729
operations_„^r_i.;.«
Prov. for Fed. and State taxes
Net
65,081
56,499
gg'/.,
than
maximum
to Bayou
price
In the
substantial supply of gas.; from said, pipe line.
;
Other
inc. and
Net
from
deductions
Other
70,523
97,167
::
income
Total
135.604
thanincome---F-,---*-.
pipe
28,247.488
depletion
Taxes;
to
less
plan:
which is the necessary approval of the
contingent, upon
by the
Hope
1943—3 Mos.—1942
maint.-../
and
prior
future
the
corporation
the
Ry.
ties,
necessity
a
northern Texas to
the
Transportation
The
by
.
753.882
Other
a
&
covered
gas
Natural
revenues^,
1,322,733
Depreciation
the
on
fall
the
/..
—6 Mos. End.—
service
the
-
and
by
Tennessee Gas &
Gas
Sept. 30—
Maintenance238,960
expenses
of
Gas
issued
"Consolidated
Gross
65
and
and
otherwise meet eligibility
or
employees
for
Sl-,235,000. annually.
The
Subsidiary Companies
Period End.
$1,076,456
Taxes; other
in
& Transmission Co. for
pec. 31/42
Operating
action
for .the
$1,088,738
•
the
acquired
line
transportation
shares have
Commission
Tennessee
June 30,'43
revenue
was
and
planned
as
necessity to
$2,165,194
.
Operating
Co.
convenience
construction
the
pipe to the amount necessary
indefinitely
of
35
service
it holds of the
Cincinnati, Newport and Coving¬
Interests,; Inc.
The agreement to sell is contingent
'•upon-the satisfactory carrying out of a number of
conditions; among
■
from the Hope Natural Gas Co. accordingly has been cancelled.
gas
pletion
Comparative Income Statement
Period—
steel
are
stock.
common
Natural
public
for
The contract of Columbia System
Plans
outstanding at this date, bearer options au-/
thorizing the holders thereof to purchase an aggregate of 36,196 shares,
and letter options authorizing the holders thereof to purchase an aggre¬
gate of 11.793 shares, the total amount subject to options being 47,989
shares
Virginia,
Power
and
postponed
June 21, 1943, as .a
equal amount of shares.
of
Federal
venience
result of assignments of in¬
terests in the above described options, letter options were held by 15
persons
in denominations varying from 15 shakes to ,11,743 shares,
Bearer options authorizing the holders to purchase an aggregate amount
of 38,207 shares have been issued in exchange for letter options .for an
been
of
field in Kansas, Oklahoma
West
use
.
directors/adopted
for
present
Sells Cincinnati Newport Common Stock—.
ton
convenience and
necessity for the construction of a pipe line from
producing areas in Texas to West Virginia.
After ruling of the War Production Board
limiting the authorization,
Rogers
;
Hope
pending with the Federal Power Commission for
and Amos Cul-
,
in
the
Commission
for which application was pending.
An application by: the Tennessee Gas
amounts:
shares;
with
certificate
a
adjustments
earnings,. the
/and
growth of/the system and that to provide for large
for additional supplies had
been concluded
Corp. and the Hope Natural Gas Co.
and
parties to the agreement should each have the option to purchase out
total amount
of
Power
the Hugoton
points
By an agreement dated Feb. 25, 1943, Carleton Putnam, D. D. Walker,
Rogers Humphreys, Bruce F.. Braun and Amos Culbert agreed that the
of the
contract
credit
plan Will be borne by Columbia System companies,'
■"contributions from employees.
Total gross cost of the plan
estimated at
;
contracts
Chicago
grant
Federal
/v''./:/•:
/.v..
-
normal
demands
The
paid
committee said in its letter
cost of
no
rent
letter of Aug. 5, 1943, it was reported that demands^
gas have greatly increased in the. last few years due to
large demands of. industrial activities on account;of; the war:
the
future
all of which has since been retired, and in
the
to
with
of the
Pacific Seaboard Air Lines, Inc. against the issuance of 85,100
of
assets
in
and
lower
investments,
pension
estimated
after
natural
very
between
men
other
bfC; 'sieiirvice-'' 'i.ji;-;;nm.6uh.ts
age//benefits, will range from
for
pay
with
fund
.The
shareholders
for
of 50,000
aggregate
an
with
connection
convertible preference stock,
consideration
for
for
partial
■
income
the
■■■/
shares of
common
stock were granted by the company in consideration of the
execution and performance by I. M. Simon & Co. and Lawrence Stern
and Co. of an agreement whereunder the last mentioned parties acted
options
with
full
-
trust
..
purchase should not exceed 3,000 shares of common
"'7,
mentioned
W
including primary Federal old age benefits'.
/Gv
-P
Creation of a trust fund 'through - annual payments by Columbia
System companies from current operations, plus interest earned on
.
above
of service
60;
eligibility for
they attain the minimum ages
••
The
plan
•' :
Federal
4.
—
such assignee could
The
$60,
$10,296
$5,804
Options—As of Sept. 15, 1943, the company had outstanding options,
V. 158, p. 981.
permitting the holders thereof to purchase, on or before Feb. 25, 1946,
ah aggregate of 47,989 shares of common stock at $8 per share.:
In 1936 the company granted certain options covering an aggregate
7
Climax Molybdenum Co.—Earnings—
of 25.000 shares of common stock. ) Such options permitted the op¬
Period End. Sept. 30—
1943—3 Mos.—1942
1943—9 Mos.—1942
tionees to purchase common stock on or before Feb, 25, 1942, at $7 <
"Prof, before Fed. taxes
$3,655,293
$6,015,100 $14,016,140 $16,130,600
per share and thereafter, on or before Feb. 25, 1946, at $8 per share.
Fed. inc. surtax & exc.
•.■•'■7-;.' /, :
;./.-7\'7/' :■:■/-•/:.r' .7'/;/'
The names of the optionees and the amount which each was entitled
profits taxes
1,510,462
2,871,300
6.608,353
7,203,000
to purchase were as follows::1, M. Simon & Co., 12,500 shares; Law- :
xenee Stern and Co.,
12,500 Shares.
Net
profit /'CE
$2,144,831
$3,143,800
$7,317,787
$8,927,600
Company in 3936 also granted additional options to purchase an
Earnings -per share.$0.85
f SI.25
$2.90.
$3.54
aggregate of 25,000. shares, which options ran for the same period and
; /"After all charges but before
provision for depletion of discovered
at the same prices as provided in respect of the options to the persons;:
" increment.
;;/■/■>7/7
above named.
Under the options referred to, Carleton Putnam, David
Note—The foregoing figures do nob take credit for the post-war
D. Walker and Rogers Humphreys had the right, to purchase shares
refund of excess profits taxes, which for tile 9 months ended
subject thereto. in proportion' to their respective holdings of common
Sept, 30,
stock (us evidenced by voting trust certificates or otherwise) at the
1943, amount to $399,081 (1942, $373,400)-,—V. 158, p. 1129,
time of the exercise, from time to time, of the options.
On April "7,
1940, Carleton Putnam' transferred and assigned to Bruce E, Brailri
Columbia Gas & Electric
Corp.—Quarterly Statement
and Amos; Culberf, respectively, .one-sixth of his proportionate share
—The company in a report released on Nov. 14 stated:
of options at the above prices, provided that-the amount which each
stock.
and
Monthly benefits under
years.
"The
.
30
ages,/-and
final
employees,
'
5,000: Equitable Securities Corp., 2,500; Reynolds & Co., 2,500.
.
service.
.
supplementing
; :Retiremei)fc incomes/ based iupom^ 30"/jr-osirjEiV
which, taken together with Federal old
$87,140
63,014
..
Net
between
/ r :L
>
$88,474
,
deductions
income
Income
of
year
-/.v.:;.;,
incomes,
requirements.
Other
Gross
one
retirement
Eligibility: after, one year
women
minimum
employees as
Operating income i(
income, net
trust
2,
;
and
■.
1943
revenues
Operating
of
'•//;
System-wide
Social security, for employees in service Dec, 1,* 1943, and those there(il'ter employed,supplianting a variety of informal company, plans
now existing which are inequitable
for, employees and involve pyramiding. expenses lor the companies in the future.
Citizens Gas C<l—Earnings—
Operating
completion
upon
:
1. ; Uniform
1823.
p.
and
age
provides:
a
12 Months Ended Sept. 30—
The Milwaukee Company,
for
stockholders
mum
^.-k
./
17,500; I. M. Simon & Co., 17,500;, Horn-
Courts & Co., 7,500;
stockholders,
the; plan. Formal adoption depends on: stockholder approval and
from the Treasury Department that the plan will
qualify for tax deduction under the existing tax law;
•
'
The Columbia System hus some 13,000
employees, of whom approx-i*
mafely. 8,500 will be immediately, eligible under the retirement, plan.
All /other present s regular employees, except ; about 650
already past
normal retirement ago, will become eligible upon attaining the mini¬
.;V,7-V'7 '"-r-'/'-'/v
./• /
are:
to
i: favorable opinion
: v
hearing for the presentation of further evidence in
company's. divestment proceedings.
The company's application asked
the respec¬
recommended
the Federal Social Security Act,, was,.described hi a letter sent
on
Nov.
15
by a pension committee of directors,
by the board, comprising Henry Neil Mallon (Chairman),
Harry;/ J. ;€ra\yford, ' gnd'■ Henry" R. /Hayes,: hong: being beneficiaries
to
com¬
voting
and
and
appointed
Yodo De Chile sink-:
y
7;, 77/,-/'■ i-, 7'7:'•/.■.
the
shares of
tive number of shares
approved
under
,
been
Cities Service Power & Light Co.—Hearing
Postponed
the beneficial
was
have
nctlotv^ at a, special ibeetiug; DecM6, a .viuiforitt. retirement incoiiie plan/
for employees of Columbia System companies.
..
; /-'■
The proposed plan, which is intended to supplement old age benefits
7
under
Holders of
Way,
agreed
shares of
153
The. directors
:
'. .:
'
,
trustees'!
reorganization
the
y:S:';■■'■■■
of
notified that
of 3,077 shares of common stock and was the beneficial owner
of options to purchase 4,812 shares of common stock, and;a portion -of
said shares now owned by John R, Longmire and a portion of the shares ;
to be. acquired by him pursuant to said options may be deposited under
blower &
service
service
during the twelve
during . the: twelve
$8,376,391,23
: y',;;
the Army, Which position he has occupied since Nov.,
1942, under leave
.absence from the corporation.
■•."'■
■,
■■■;
Mr. Crocker has resigned as Vice-President, of the General Electric
Co. to take over the Presidency of the Columbia
company.
"
,e
owner
the
Memphis /(Tenn.)
(Ohio):;; Pittsburgh (Pa.)
"A " total of'39
(Minn,).
Chilean Nitrate & Iodine Sales Corp.—Interest—
-v./.-■
■■'■•■;
represented by old voting: trust certificates,
pany
Orleans'-: (La.): at
Minneapolis
accumulated interest due and payable for the six months
period ending Dec. 31. 1943, will be paid at the rate of 2%^- on and
after Dec. 31, 1943, upon presentation and surrender,of coupon No. 20
appurtenant to said debentures at the Guaranty Trust Co., 140 Broad-
11,743 shares of com¬
that out of the shares
acquired pursuant thereto not less than 11,000 shares will be deposited
under the voting trust agreement.
AS of Oct. 6, 1943, John R. Longmire, the successor voting trustee named in the voting trust agreement,
was
air
and
t,"';';";."'
.
lng fund 5% income (dollar) debentures due June 30,
company's securities.
■■■
•
of
and
1942.
.
listed among the
are
30,
miles 'and
investigation into the acts
adjourned by Federal -bank¬
ruptcy referee Robert P. Stephenson until Nov. 24.—V. 158, p. 1728.
voting trustee holds options to purchase
stock
mon
New
the form of irtterest and dividends
Sept. v30r. 1943,
months' ended' Sept.
•
(Mich.); Cleveland
and
months /ended
and
Co,—Hearings Adjourned—.
Hearings
now
company
■hereof, .••••'T-
'
and
Paul
the' company's; local
routes
between
ancl
Due to is¬
suance of additional shares of common stock upon conversion of shares
of preference stock and pursuant to options, the shares so owned by
Mr. Putnam, carry approximately 23% of the voting power at the date
than 25%
St.
company,
Childs
194.3, was the beneficial owner of 54,184 shares of common
represented by voting trust certificates.
Within the past two
the shares owned beneficially by Mr. Putnam have carried more
stock
proposal to
between Memphis (Tenn.)
subsequent
31,
Aug.
10,617
the subsidiaries in
•
/
Agreement—The
Trust
stock
a
regular
voting trust certificates evidencing '/
offered will be issued under the
terms of a Voting trust agreement dated Oct. 1, 1943.
The sole voting
trustee is'Carleton Putnam, who is president and director and who at
Voting
common
the
for
"291.337 slis.
$225,000
,,j:
1945—— $225,000
bank loan, due July 31,
term
■
."Includes
Rochester,
principal cities
by
is
(Tex.)
routes to Detroit
and
.V",
500,000 shs..
(no.
service
Houston
with new
■
stock
Common
tAdjusted to give effect ,to reallocation, of Federal taxes to periods
;to "which they apply (on 12,233,256 shares).
:
JOf : these amounts, $17,319,562.08 was paid to the
corporation by
New President Elected—
Batavia; from Chicago;
i'iH<'■■»■
Stuart M;. Crocker has been elected President
777/ >' ■■■ 'V,'7://77'./;7>
to; succeed
Edward
applications to1 extendi its major '- Reynolds who is retiring 'to devote full time Jo his duties, as acjminislink its'.presently operating services
) tratlve head of the Supply Division, Office of the Surgeon General, of
Singapore
10,150
trunk line
to (live Effect to Present Financing)
/
Authorized
Outstanding
(Adjusted
Capitali/ation
'■ /1
to
service
Monday, November 22, 1943
:,
■
miles,'. "■
"Outstanding among its domestic
proposed hew routes, (3) payment or reduction of
present bank loans, and (4) working capital or other proper corporate
A',' ;v;''
" '-V
Trans-Alaskan
totals
be used on
purposes,
shortest, route between the East Indies and
Indies.
.
of
ment to
West
establish the
company has filed for two dif ferenL,-. routes;:/n total of .1,603
miles, from its present southern, and southwestern terminal, points
to;
Mexico City..
Recent applications for post-war Great Circle ' Course
routes from New Orleans to Rio de Janeiro and Buenos Aires total
9,324 miles.
Routes into the Caribbean area total
,
.
will
"The
releasing of detailed information concerning these services,
.
and
& FINANCIAL CHRONICLE
Corp.
to Columbia
transferred
Gas
&
from these companies earned subsequent
In the consolidated income statements.
all
Electric
its
investments
Corp.
to March 31,
and
the
in
its
income
1943, is included
.
/.
-
.
Balance
Sheet,
Sept.
HO,
U) t:t
Assets—Plant, and property
sidiary
(net!,. $12,849,825; investments in .du
$127,155;. miscellaneous investments, $2,761fqn«
trustee, $57,100; bank deposits and cash on lian
companies,
deposited
with
$1,852,173; U. S. Govt', bonds, $25,000; U. S.
Treasury notes tax' serf
"C," $279,000;. notes receivable,/, $5,191; accounts
receivable,, $350,56
insurance and other deposits,
$4,652;
inventory
of
material
and
sir
plies, $232,314; prepaid taxes, insurance, etc.! $21,207; unamortizi
.debt discount and expense, $165,348; post-war excess
profit tax cred
$43,195; total, 815.815,490.
Liabilities—First
first
mortgage
4(7
mortgage
bonds,
bonds,
second
4%
series,
series,
due
due
1064, $6,454.00
1964,- -$400,000; accoun
'<
Volume
158
Number 4231
THE COMMERCIAL & FINANCIAL
CHRONICLE
•payable, $158,188',
liability for preferred stock called for redemption,
$3,981; consumers' deposits, $406,757; unredeemed ice
coupons, $3,184;
accrued interest on funded, debt,
$22,847; accrued interest on con¬
sumers' deposits, $38,490; accrued
insurance,' wages; taxes (other than
Federal and State income taxes), $144,416; accrued
Federal and State
income taxes, $653,357; reserve for
contingencies, $1,076,272; reserve
for;contributions for line extent'ions, $34,546; common stock
($25 .par);
$5,727,525; Surplus earned, $691,92/; total, $15,815,49Q.---V,'
158, p; 668.
A
Continental Can Co., Inc.—Year-End Dividend—
The
directors:
share
per
Nov.
on
10
declared
a
year-end
dividend
the' common
on
stock, payable Dec. 15
Npv-.y26; .Interimdividends of. like amount were
June
15
and
Sept,
of
holders
to
paid
Credit & Investment Corp.—To
Vote
t
25
of
March
on
15,
15,
last. In- 1942, the company made the follow¬
16, 50 cents; and June 15, Sept, 15 and Dec.
15, >
each.—V. 158, p., 1935.. ,
'
cents
»■/;;,t
formed
was
Community Water Service Co.
12 Months Ended
(&
Sept. 30—
1943,.
.
Gross
earnings
Operating expenses, maintenance and taxes_„^
Provision for depreciation and
retirements.—
A
1942
$6,313,736
3,342,506
3,293,493
/
:.
361,829
subsidiaries^AkAibA-/
/::
8,422
;/
The
holders
$860,629
.
Int.,' amort, of debt
drsc. St exp., &c., of company
Net
—V.
income
;
3 Mos. Ended
360.413
1943
produced.
Operating,. profit
•
.Nole—In
$86,881
iik/AbCi——.:.,/ir/L'i
5,113
1
2,263
,
figures
allowance
no
48,325
been
Chemical
3 Mos. End.
Net prof, bef, depiv, etc.
Federal
Spec.
income
for
reserve
made
for
paid, oil
-
net
1941
-
$846,515
:
_
139.596
,
lor
profit
•
$168,898
for the
kwh.,
corresponding week of 1942,
of electricity amounted
to
compared
151,200.000 kwh. for the
39.9V.—V.
158, p.
with
increase
an
kv.h.,
corresponding week of last
Local
year,
1941,
years'
$233,503
excess
profits
$1.38
profits
tBefore
of
taxes
taxes
of
(1943,
estimated
$127,698.
claim
at
the
time
.
determined
normal
depreciation
; at, the beginning, of 1943.';'—1V.
_
158,
should
have
been
Feb.
has" been
The
15,
•
hearing
The
■
*
-
in
company
stock
mou
of
proposes
Central
order to
of the
mon
stock
place
of
during
stock
w'll
be
to
with
an
the
Securities
underwriting
Ex-'
and
in
a
$15
•
.
of
the
present
having
an
aggregate
Details of the proposed transactions wJl
and prospectus which will
be
Crane
The
hold by
the public.—-V.
158, p.
of
directors
the
This
Is
the
dividend
The
of
the
15.—V.
declared
payment
this
on
158,
preferred
dividend
a
Dec,
per share
declared the
also
1
to
issue
of
25
since
cents
of
holders-
paid.
was
the
1935,
record
stock,
Jan.
3,
Nov.
1933,
when
Oct.
1, last.
—V. 158.
.
to
1823.
submission
Oct.-
of
29
to
on
/'V;///,.
reorganization
bond
and
;
•
of.
103
to
&
.
and
of
attributable
on
-
Illinois
St.,
the
the payment of
preferred
stockholders
of
a
payment ?of
158,
p.
of
to
of
Consolidated
of the
participation
no
new
stock;
under
Rock
products; will
Present-
common
the. plain^V.
25
cents
of
the
io Nov.
the
this
first
entire
preferred
23, 1943), the
,
.-(including..■wholly-owned
9 Mos. Ended
Sales
i
152,
plan
-
/ ta xes
Net
on
23
America,
to
holders
f
al-'
lowances,-etc.
Sell.',
on
Nov.
amount
Holders
receive
1587.
p.
;
.
•.
.
■
depreciation.
the
expenses..
;r;
16
authorized
account
of
Total
gen."expenses
383,906
6.193,266
821,127
$1,999,653
net___4___^
806,449
$1,348,296
61,809
J
82,061.462
for:
depreciatioji___v..-„;.~-
Provision
for
Federal
Provision
Net
for
income
on
inc.
37,971"
,*1,354.000
of
Not
1—_
postwar
current-
$3,476,000,
bank loans
of
or
refund
of
assets
.
pre¬
of
the
,
approximately $17,4042
dividends,
will
be
deter¬
.';/'-
"Not loss
Tn-s
before
of
"Calculated
be the
/ ---;//.■■/-
&
$3,415,782
Divs.
U.
40,500
87,083
36,502
state
the
187.448
•
694,045
2,458,351
16.423
$8,081,564
291,6875,790,969
822,487
$1,759,795
64.071
$1,841,884
139,615
119,450
810,500
.
1,054.500
235,000
75(000
75,000
$361,153
$592,935
$0.73
$0.80
$1.32
$133,000.
assets
at
which
*$829,848
*$555,911
65,587
65,587
of
securities
30,
1943
amounted
represented
cash.
bonded indebtedness.—V.
158, p. 887.
int.; in
•
5,400
;
$41,351
to
$2,929,863
and.
excluding
months
U.
S.
at
as
",-./-
nine
the
•'"
ended
Govern¬
aggregate eost of purchases. Of securities amounted to
;..
; .
■ <,1/T;-.' ,:// ' -/V r:'/ -;
:.//?:/"///-/-"-j ;/" .-/..
Comparative Balance Sheet
/
/////■-.;/■'"./■/,:' ///;/.
//;;'
•
.
31. '43
but
not
apa
delivered
.
102,445 /
ecrvtmd interest../;;..:
;
.
July 31. '43
$2,397,173
sold
Government
$164,977
";
1,885
obligations^
/ 4,485
100,000'
75.000
700,578
3,206,116
$3,302,081
Other
$3,450,577
securities
Reserve
'-Div.
for.
";;
taxes_y_:.i..i:/_JL/iu/u
/preferred stock
first
on
tFirst-
,
payable .ri;_'/_u
-
■
$5,736
Z
$4,285
/■
5.031
,
6.237
-
30,361
.
preferred
stock,
1,897.575
1,897,575
b-'-./"'
1.280
828,568
20,000
stock
(par
10
20,000
1,429,520
49,650
_def. 105,431
1,429,520
$3,450,577
,
/.reserve
Common
sub..
Consolidated
Balance
cents
per /shave)
842
in
banks;_4^___I,;ri/,_4_:li.//
80
Sept.
Debt
/
/
&'; equipnient—depreciated'-3-_____~II/.
$957,793
1,223,222
1,121,409
25,111
103,786
123,747
63,418
3,433,739
3,653,633
87.G29
__
92,546
81,740
:
routes__"__
1
1
50,634
$7,420,964
—1__
/Total'ri^A^X'-———
Liabilities—
Accrued
county,
state
$917,714
54.126
2,010
Preferred vstcck
Common
.
subsidiaries—
stock...
158,
80.000
960,000
30,558
62,962 *
36,838
8,273
482.275
788,464
793.612
2,642,965
;
Crescent Public Service
Total
operating
p.
1032/
—
Co.
(& Subs.)—Earnings1°48—Mos.—1942
"
deductions____ /
12 Mos. '42
$3,385,113
586,182
2,698,262
$143,794
$686,851
1,520
7,982
$143,871
.
$729,975
675,023
.2,603
,
$816,290
$141,268
revenues_„__,_
revenue
oper.
-Operating
income
Other income
.Gross
Income
——
income
deduct,
of
subsidiaries—.-
Net income
Fixed chgs.
-Net
$145,313
$694,834
78,868
.
of Crescent P. S. Co—.
Prov.
income
80,61-2
318,550
865,003
$64,702
$376,284
14,251
45,061
188,241
' $19,640
$188,043
for
$50,752
819,640
$187,393
38,187
16,704
152,913
$50,752
—
Fed.
income
taxes
_
Cresr
2,022.604
cent
Public
Balance
(
per
7.703
1.077.908
482.275 '
..
surplus, lr..
'
80,000
1,077.908
•
surplus
-Total
—V.
in
$106.50
'
11,907
•
-
4,813
-
Notes' payable—others,
Minority, interest
or
868,906
880,000
sinking funds—-a
debentures : due Sept, 1, 1954—
Mortgages, payable..
"3l;a
Paid-in
173,254
-988,557
taxes—*
Debentures—Annudl
Deferred 'income'
$2,130,000,
$870,586
30.000
and; Federal
to
and unpaid.
18,97534 shares of first preferred stock and 75,903 shares of .the
common stock are held by the
depositary under the allotment certificate
agreement.
The allotment certificates are 25paid, the remaining
75^ of the allotment price not having been called,—V. 158, p. 1823.
"Total
payable—others.'——,
interestpayable
/./,
■
amounting
undeclared
were
The
Period Ended Sept. 30—'
Accounts- payable 1—
Notes and contracts
Accrued
•;.
"
'
'
/
Notes—As of Oct. 31, 3.943, accrued dividends on the first
preferred
stock amounting to $909,887 or $11,99
per allotment certificate, and on
the second preferred stock
91,128
35,978
$8,015,254
expense
155.521
/._
—
by
share,
223,816
__
Aug.
5,; 1943.
tRepresented
by
18,975:,V no par shares..
no par shares.
§Set up out of amount paid-in
subscribers' to second preferred stock: Balance, Jan. 31,
1943,
$1,459,881; less dividend paid on first preferred stock, $30,361.
;//>'"■
cash
25.111
:
A'
taxes—
12.949
fRepresented by 20,000
1942 /
$1,021,734
-
Prepaid expenses
'
;
costA———Ei __//
Inyestments-TTrfixed
49.650
555,069
1943
other, than current——
refund ,of Federal
;
•"Paid
Sheet,
/;',.: /-,-/)
hand and
Postwar
to
approximately
Company has no
•':/■/:/ 1,812 :
;-•/./ 1.500
during
'/Second preferred, stock
241,138
Accounts,/ notesZ& contracts receivable—/ill
A .,/:■ 1,296,206
Invetxt,ofi.es/
1,568,316
Marketable securities—at
Earned
$657,000
Sept.
16,696
,
5.119
takes..
,/
Accounts
1,262,476
$166,851
'
Receivables
.
^
14.7.653
$17,443
improvement. S604.310.
sale
amounted
Liabilities—-
947,042'
dividends
Cost';of.trade
1941
8,433
$130,210
$105,213
47,436
;
S313,664
/
...
55,457
24,972
$121,777
$82,155
>bd taxosb^________
$92,582;
from
194*?,
receivable
S.
$1,921,280
19,325
/
2,230
■
.
.
$905,193
Year End,
Jan. 31."43
1943, $696,892;
31.
Assets—
;;
102,997
la,549
Oct 31, '43
'
on
$493,656.
$1,818,282
$1,312,758
-
the basis of
average costk
on
31.'1.943,
Proceeds
Securities
151,644
9 Mos. End,
/V'I'
■
maximum
Note—Based
Oct.
$5,664,405 $18,825,385 $13,880,594
4.794.939' 15,561,248
12.062,312
$3^264,138
be
Statement
fThis provision is believed..
amount required under the Revenue Act
of 1942,
market quotations, the approximate
depreciation from
cost himarketable securities was: As at
Jan. 31,
to
//
ment obligations,
35,727
Loss
statement of' deficit.; $128,335
to
will
;;
and
Total expenses, oilier than taxes,._
Capital stock and other luxes.
tProv. for .estimated Federal income
1943—9 Mos.—1942
$869,466
distribution
securities/..,-/.;^
expanses
carried
remaining
$79,925
sales
on
such
any
any
:.,V-
';;://• ■.-//';\!
.
.
be
stock."
common
^/'-:/:;/■//
///;•'■
Loss,
54,784
■
'
-
-
Dairy, herd
8329,007
.
Earns, per share on common—
"Less
'$1,386,268
.143,455
■
.
contingencies.,-/.—.„.
second
(including dividends.
Total"'
/'
$1,257,974
'/
Comparative
re¬
18,018
Income
Provision
taxes
of
net
Interest
Inc. (& Subs,)—Earnings—
dividends
on
Plant /
:
pivs, received from subsidiaries.-—i
'
allotment,
accrued
ia not anticipated that there will
it is therefore'not expected that
Period—
the
St., New York, N. Y., or at
Bank & Trust Co.; trustee, ' 231,
p. 768.
5,734.748
ineome; /. //
''-(Assets—;../;.
Cash
,
1942
$7,964,104
7,576,576
_
-.Gross 'profit
Other income,
amount,
$3,302,081
t
;
"
,
,
$10,002,041;
&
;
share
available for distribution
be
Dividend/income
Wall
Inc.
stock will'be entitled
foreign• subsidiaries__v_395;315-
adtnin.
of
stock
stock, would
Comparativc Profit
b/
1943—3 Mos.—1942
-
income -f.-.
Minor,
of
subsidiary -companies).:
,1943
to customers,'less returns;
Sales-to
the
to
of
on
and
fGeneral
Co.—Earnings—.
doihHtic
Sept. 30—
Cost ol', sales, exel, of
preferred ;
each
preferential
rimount eventually distributable
amount
made to holders of
share
per
"Allocated to//■,/"/:•'/
with
■
Continental-Diamond Fibre
;
for
31, 1943, after deduction of estimated
expenses
liquidation and. after the preferential payment to
The'actual
by
/ assets,
record
768.
Commission
National
income
Common
expected
stock.
stock
$100
then
Oct.
and
of. second preferred
''/'.//•Third, it
,
-/
is
holders
to
21.
first
mortgage bonds and 3,197.000 shores of common stock.
Holders of
bonds,' issued by Union Rock and Consumers. Rock & Gravel
Co.. Inc.,
will receive-all the new bonds and 80V of the new
maining 20V
certificates
first
pay¬
account
share.
certificates
share
per
paid on Sept. 10, last, and
15, 1943, and in each quarter
June
$6,992,722
& oper.
Prov., for; Fed.
T
■
proceedings
cents
Chicago, 111.—V. 158,
Int., debt disc, & exp.
Other.income deductions
Distribu¬
Dec.
10
35
"T'V,'v.'jv.yi"-
sales
Total
July 1 and
on
Dec.
of
committee
preferred
the
above,
first
Under
with
allotment
to
proceeds of sale ol the remaining assets of
corporation, the actual amount of expenses; of
dissolution; and
liquidation, and the actual amount rthtrihuted to holders of
cents
extra
an
Co./Incorporated,
Salle
proposed jointly by. the two bondholders* committees
for preferred stockholders. ;
•' /'■;:.
V--;;--.':.;/-:.1:
the plan the company will have a
simplified capital structure,
only two Classes of securities outstanding—$2,944,000 new
the
on
holders
per
for redemption as of Dec.
27, 1943 a total
2>4V
sinking fund debentures due Oct. 1,
int.,; Payment will be made at the office of J. P.
reorganization
and
holders
the
remaining after payment of
at
as
made
resumed
.10-year
and
Operating profit
Other/ income
Consolidated Rock Products
Co.—Reorganization—
termination
to
amount
to the first preferred stock will bo
insufficient (o
preference of the second preferred stock, so that such
accrued thereon
Co., Chicago—Debenturess Called—
Preferred
Early
to pay
respect
he
City from
Cosmopolitan
Creameries of
tCost
;
share
per
this issue on May 15,
1942 was one of 35 cents
_;/;;;
-v
.
cents
holder)? of record Dec. 17..
made
The only payment in
p.
10
Communications
Continental
La
Net
a
'
dividend of 25
a
3
were
payable
45
1942.—V.
Period/End: Sept. 30—
20.
-?;//., ////vV
\
payable Jan.
1212 cents each
10,
share
per
quarterly dividend of $1.87 Va
payable Feb. 1 to holders of record
stock,
directors have declared
common
tions of
23,
1943, and, it is'
the .entire prefer¬
of; allotment certificates
holders
value
Oct.
Consolidated Retail Stores,
Inc.—Larger Dividend—
The
with
the-entire
mined
dividend
a
usual
1529,
p,
payment
permit
dissolution
company, has called
at
Morgan
.
10
payable
cents
a
directors
per Share, on
Jan.
stock,
first
121
Nov.
on
common
addition,
Dec.
$1,000,000
1950
Consolidated Laundries Corp.—Resumes Common
Div.
The
Nov,
possible
of
contained lira
So.
on
to
assets,
corporation
Davega-City Radio, Inc., own approximately 59V
and 4.1V, respectively, of the
voting stock of the Cosmopolitan companj;.~-V. 158. p. 1729.
be.filed by the com¬
Securities Act of,
;///;
Consolidated asked for an exemption of the proposed sale from
tlic
competitive bidding rule of the Commission on the
ground that, no
Central Illinois lias been
-March
Nathan Straus and
pany under the
of
the
preferential
of
of control, of radio station WMCA in
New York
Inc., wholly owned by Edward J.
Noble,;To the
WMCA.
registration statement
stock
SI,
par
on
on
declared
.compares with
Broadcasting Corp.
com¬
value
par
17
In
Federal
./transfer
/;■/,. !-;V; T'-;/
form,. the initial
.
marketable
more
reclassification
share,
per
This
1.942.
The
which
group;
consisting of 74,242 shares, .without par
value of $6,310,570 into 400.000 shares of
stated
a
par
fo
be
the
to
remaining assets will be distributed
ratably
ferred stock..; On the basis of indicated
Cosmopolitan Broadcasting Corp.—Acquisition of Con¬
trol of Station WMCA
Approved—
all the issued and outstanding com-:-
the'
%
made
was
Nov.
on
common/stock,
24.
cents' each
15
"...
.,
Central Illinois
stock,
$6,006,000.;
/ Nov.
•
Illino's Electric k Gas Co.
the
proposal
yahu, and with
common
sell
to
public offering,
a
'
In
for
plan
directors
the
»
filed
declaration
a
change Commission
step
its
on
of; the Holding Company
by. the Securities .and Exchange Com1948, lias been deferred until
approved
The
on
To Sell Central Illinois Stock—
later .will make
dividends
above
the preferential amount
preferred stock shall: be divided
ratably among
second preferred .stock,:
It is anticipated that the
of/the corporation remaining after the entire
preferential
ment
pay
Cornell-Dubilier Electric Corp.-^-35-Cent Dividend—
•
Co.—Hearing Postponed—
hearing, set for Nov. 17,
1944.
the
cer-
the
The petition
for a 'postponement of the
meeting the requirements of Section lKBt
1935
If
allotment
the-total amount of first preferred
outstanding and that
will be made promptly after the dissolution is
effective,
after
entire
/assets
1935
Consolidated Electric
&; Gas
Act,of
accrued
stated
entire
.
■
mission.
including
insufficient
the
768.
p.
of
payment
the
management
that
$2,815,948.
holders
permit
them
with respect, to the
the holders of the
anticipated;
„
has
the
respective holdings of second preferred stock,
plus an amount
equal to all accrued dividends-;
thereon, whether or not earned or
declared which as at Nov. 23, 1943 will, amount to $106,8833
per share*
or an
aggregate us at that date.of $4,137,666.67., If the assets thus
distributable among the holders' of-the second
preferred stock shall be
.
at
amended,
as
of their
become obsolete prior. to the termination
lives under normal economic and
operating conditions."
re-examination' of
the
situation
in
the
light of presently
obsolete
elate, of
liquidation to
to
of
tBefore
plant;'.'would
become
that
at
ns
upon
represented by such certificates, wis;stated
holders of the second preferred stock the suib
useful
not
aggregate
insufficient
stock
$362,7.53 and before a spedepreciation and obsolescence
additional
bv
amount
"Second,
;
of
reserve
incorporation,
respectively;- As at Nov. 10, 1943 assets of therepresented by cash and U. S. Government bonds
exceeded
peferential amount payable to holders of allotment cer-
representing
such
$798,737
$2.21
;;
of
-
1940
$1,224,093
excess
$2,039,335).
tax
for
and
'
1941
mn
be
therefore anticipated that it will
ential
also, that
the heavy);,charges made in
1942, applicable to 1941 and 1942, were
sufficient to take care 'of
any elements' of extraordinary obsolescence
'Which may have occurred;
In view of these facts the
with
increase
an
ti-fjcaies,
v'fc'
existing: conditions,, he 'stated, -"it now' appears
clear, in the opinion
management; that : certain of the property and equipment in
dis-''
compared
1942
certificate,
the
aggregate
-
v
in
distributable
tificates held
the
■'// T
.
'or
thus
corporation
20,947
assets
Glassport
oh the
kwli.
157,100,000
of 37.3
211,500.000
' ///
:
1943
•
$1,037,509,
of
,
question will
14,
215,700,000
"/'p:
Z
,
the
After
17 announced that System output of
electricity
and purchasedi for the week ended Nov,
tribution
of
-i//// T'Ti:
prior
the
Consolidated Edison Co. of New York,
Inc.—Output—
to
40,219
10,473
prior years'
of their
.The company on Nov.
generated
26,250
35,000
53,625
of
-
amounted
35,000
I 53,625
17,250
24,897
the
the
payment to such holders of
allotment certificates of the
preferential -.amount with respect to the
first
pveferreci stock represented by such allotment certificates
respec¬
tively,' then the entire assets of the corboration shall be distributed
among the holders of the allotment certificates
ratably to the amount
of-first preferred stock represented by the amounts of allotment
cer¬
12,332
10,473
_
charges, including income
1.942
charge
certificate,
$59,671
Glassport .plant. In earnings previously reported in
1943, Mr.
pointed /out,, extraordinary charges were: made for
(depreciation
and obsolescence applicable to the
Glassport property, a continuation
of a
policy begun in 19t2 believed advisable unaer the then
existing
conditions and the outlook thereon in the belief thai, certain
-
1943,
12,332
of
dissolved.
tificates rsliall
;
$91,067
stock
of
at
V
32,371
872.003
-
of
be
increasing difficulties for the manage¬
difficulties, which were magnified by the
corporation, the directors, after careful
situation, have; voted to recommend that the
these
size
provided
assets
$103,399
Bramer
104,963
$223,326
1940
$104,375
the previous year,
;.S; E.' Brarncr, President, in a letter to
stockholders states that the
nine : months' ' earnings: reflect
phly the estimated normal depreciation
."Includes. Argentine income and estimated excess profits f axes;
,A
Net. profit for the nine months
ended = Sept. 30,- 1943 amounted to
$577,942, 1942 S725.967 and 1941, $814,046.—V.
158, p. 573.
'
<elefcirieily
•
$87,425
lor
52,693
106,384
/•/ $188,463; I:/ $232,403
;
2,545.
stock:
refund
cial
1940
•
100,000
127,651
',
the
1941
tS563,926 iy ■ S873,$36
share.$1,20
$1.85
„])er '
all
$249,491,
Subs»)—
-428,204
•
will
$132,737
*,v 29,338 "/l
32,527
$102,302
$78,902/
Sept. 30—
income
■iEarnings
$857,914 ■//: $326,554
*486,460
.
1529.
12.332
stock.
com.
.158, p. 768. 5
"Net
depre¬
//;;;;•/('/;,Z/l /-'/v//''// :///C/lY/l-///;/:/;AvTTTv',;:'
excess
>
.profits tax
Depreciation
Final
$731,854,;
*403,795
lax..—. b
:
1942
25, 1935,
share, for
"As
,
of
assets of the corporation shall be
converted into cash, and after pay-"
ment of all liabilities of the
corporation and the expenses of dissolution
aiid liquidation, the Cash
remaining will be divided as follows:
(
First, to the holders of
allotment/ Certificates for first preferred
stock, and before any. distribution shall be made to
the holders of
second preferred stock or to
holders or -lii respect Of common stock,
the sum of $100
for, each share of first preferred stock represented,
by the allotment certificates : ($25 per allotment Certificate), held
by
thenv■ .respectively plus an
amount equal to*all accrued dividends there¬
on, whether or hot
earnedVr/declared, which as at Nov. 23, 1943 will
amount
to
$48.3972 per share or $12.0993
per
25v-Paid allotment■
stocks—
9 Mos. End.
$95,220
Industries, Ine,1 {&
-1943
•
—
1942 i'
•
exp.
restoration
Sept. 30
for
value
par
Coppenveld Steel' Co.—Earnings—
Earnings—
.
Oct.
$134,830
$104,405
________
preferred
"After
Consolidated
defd.
of
$143,544
22,494
has
$10
2,
,'';//.
receiving this dividends—V,; 158, p.
37,673
_
income
6 »/>',-
Djv.
668.
p.
taxes...
"To i preferred
$91,994
above
July
l-.;// V;'•/•
"old
the
25.504
Divs. oii prel'.
---V.
158,
and
earnings
Net'
$141,282
write-mffs———$69,500
the
ciation.—V.
before
Sept. 30— ' *0 1943 .?(
earnlogk. —$142,078
exps,
Amort,
246,859
Provision Tor' daxes.'-,A._v_.^d'___,;_u;„-_^Li_-il.^^;.
before
'
186,105
revenues
Profit
and
39.240
Non-operating, revenue:
Total
1942
$388,141
J—
costs
'/
27,070
$272,986
;
metals
parvalue
Interest,
.
from
value
no-par
9 Mos, End.
Net
ore.
income
$1
Gross
Ltd.—Earnings—
Development and operating
,
$411,576
,
Open
"
"Tons
Net
$504,560
Sept. 30—
old
and
cents;
/V;
'
corporation
/
Continental Telephone Co.-Earnings—
158, p. 886.
Conlarum Mines,
the
2,.. 10
,
1926 have caused
view
small
consideration
,
$771,994
j;; 356,070
y
,
of
April
,
■
■
on
capital ; Stock, issued and dated prior to
required to"'exchange..their certificates, share
be
9,095
present
'/ 'Balance-
payable
disbursed
in
In
relatively
share has been declared on the outstand¬
Dec. 17 to holders of record Nov. 26, Like
March 26, June 25 and
Sept. 24, last. Pay¬
common
534,389
9,510
stock,
ment;.
;
cents per
during 1942 were' as follows:
25 and Dec. 24, 15 cents each.
Sept.
1,345 359
534,389
15
ments,
•
Minority interest
capital
amounts were
350,983
5,150
1,325,058
dividend of
ing
$6/439.071
Amortization of property account adjustments.
Interest, amortization • of -'debt disc, of subs'.
Preferred dividends of
Continental Motors Corp.—15-Cent Distribution—
Subs.)—Earnings—
Dissolution—
on
A
special meeting of stockholders will be held
on
Nov. 23 for the
purpose of acting upon a proposal for the
dissolution of the corporatiott and the liquidation of its
assets,
Approval by at least -two-thirds
of each class of stock is
necessary,
V
1
R. A/ Nell is,
Secretary, on Nov. 10 staled in part as follows:
"The great'changes that have
.taken place since the corporation
cents *>
record
ing payments: March
25
2043
$8,015,254
Service-Co,'.—,
surplus
———
650
$7,420,964
"Incl.
Fed.
taxes
of
subsidiaries.
.-
THE COMMERCIAL & FINANCIAL CHRONICLE
2044
Consolidated
Assets—Plant,
Balance
property
Liabilities—
Sept. 30, 1043
Sheet,
Accounts
organization
including
equipment,
&
ex¬
Federal
intangibles, $10,993,172; investments, $1; total spe¬
cial
deposits, $66,010; cash, $597,617,; temporary cash investments,
$148,109; notes receivable, $944; accounts receivable, $288,804; mate¬
rials and supplies, $109,412; prepayments, $19,210; miscellaneous cur¬
rent assets, $1,976; deferred debits, $535,551; total, $12,760,807.
and
pense
other
Other
The
the
directors
Dec.
This
1.
and $1
declared
17
Nov.
on
stock,
common
dividend
a
of $3
shaie
per
stockholders'
a
the
for
the corporation and its officers
to the corporation from an
taxes.—V.: 158,
other
a
for
the
do
expenses
include
not
150,333
$242,395
..
$230,208
income
and
an
The
series
alleged that the stockholders approved in April, 1939,
incentive compensation fund to be set up with 10%
taxes.
stockholders rested their case
documentary material concerning
Nov.
minority
in
evidence
v.
158,
1723.
p.
■;
:
■
after
18
of
A,
on
is
made
was
Aug.
It
placing
15,
1943,
operating
the
of
the
of
20
record
the
$1.50
first
Dec.
1.
of
the
year
are
the
end
1943
clearly
more
directors
The
the
There
will
be
Distributions
15
June
payable
deduction
25
Dec.
the
for
each
cents
dividend
a
15
made
of
share
per
record
Privilege
March
on
cents
50
holders
to
Wisconsin
were
of
Dec.
Dividend
15,
June
and
158,
1936.
p.
•
1
.
"
Income Account
4.
and
Power
earnings
$8,840,601
$7,945,541
324,568
243,652
3,298,759
232,046
179,149
1,490,282
Other
taxes
43,872
56,921
690,516
706,560
68,976
996,827
725,039
$176,015
$182,972
$2,364,217
4,117
655
income)—
'
Subsidiary
oper.
revenues—
397
income
income
inc.
after
Dividends
*
chgs.
applicable
—V.' 158,
$176,412
—
int.
Net
$182,972
$2,368,334
1,521,181
1.487,586
preferred
to
507,386
income
158, p.
Ebasco
the
For
ating
Dallas Railway & Terminal
Period Ended Sept. 30—
Operating
revenues
Operating
Federal
$408,984
$5,842,146
248,945
3,458,517
39,304
38,163
638,431
15,436
207,871
168,792
res.
appropriations
Rent
for
lease
Operating
Other
41,924
973,707
454,053
15,505
6,503
income—
;
after
$49,011
$77,640
$557,117
$77,640
—_
158,
$49,011
int.
Cost
of
Other
oper.
sales
314,578
157,687
26,901
—
103,901
Interest
for
on
Power &
The
inc.
——_
"Estimated Federal
Fed.
'
———;
and
and
State
income
15Estimated
489,730
304,660
929,755
865,990
230,583
State
taxes
$1,566,576
$1,442,173
taxes—
488,000
inc.
income
—
*
1943
for
taxes
9
—V.
158,
months
ended
Sept.
the
on
1943,
22.
with
25
was
A
were
reported
on
the
summary
of
net
income
for
the
9
were
reported
011
the
summary
of
net
income
for
the
Sept.
liabilities
of
one
stock,
158,
net
working
12
capital
of
$6,976,829
of
as
Dec
Months
31
Ended
Oct.
(&
15
$5,
par
income
utility
Int.
Operations-
5l'817'428
and
of
meeting,
the
subsidiary
a
Vice
and
72,382
income———$13,073,172
•_
of
become
has
4,799,870
Sept. 30—
1943
—I
$13,733,010
4 963 687
long-term
Prov.
for
Net
Fed.
income
profit
—
Balance
234,000
—
Treasury
7%
cumulative
6%
cumulative
Inventories
Pulpwood
Prepaid
in
Items
——
operations—
deferred charges
——
escrow
Miscellaneous
Jan.
made
of
3
1943.
15
to
Oct.
on
investments,
etc.
!
Credit
$4,352,308
1,873,873
1,630,233
22,645
335,660
259,127
36,638
439,266
434,024
105,123
72,548
747,844
35,483
36,270
1,198.605
440,190
$75,090
$66,395
$882,261
$855,066
46
net
426,015
3,663
$75,136
amortization
21,677
14,581
47,922
$62,732
.
$867,680
$807,143
21,928
260,961
265,581
$40,804
$606,720
$541,562
67,501
—
$53,459
67,501
Co. (Del.)
$539,213
$474,061
requirements—
rowed
an
was
$7,757,720
5,204.661
5,091,839
8,883
48,501
99,254
$182,597
$200,953
$2,536,480
$2,566,626
income
£>rl3,119
income
holders
1,
last,
of
H.
158,
Vice
The
C.
President; I.
record
$328,461
Meadows
R.
J,
with
the
1033.
p.
-
N.
Merritt,
Corp.,
was
formerly
Healy,
in
addi¬
income
in
company
the
Offered—An
$100)
in
Trust
1,261,134
888,126
1940.*
139,203
1941
19,882
822,416
Aug.
said
of
25,
183,465'
5,258,689
5,725,319
"Including
Dec.
$8,922,303 $10,223,611
15,
dividends
1943
on
$1,958,361
extended
Regulation
a
the
company
a
of steam
formed
in
demand
during
the
war
times.
they
have
As
the
been
in
Total
Common Stock Divs.
Per Com,
Share
Total
$2.56
$168,131
29,714
■
tl
577,379
2.82
Share
131,466
.20
.55
9,234,594
2.85
177,941
1.00
*13,088,682
577,535
*578,422
*2.86
*13,588,461
*431,747
*2.19
*177,410
to
per
of
equal
record
25,967
$33,862,795 $33,593,977
v.
.
($3
par)
Total
$1,479 700
———
1,804 782
386, 245
—
595,159
1,569, 376
1,409.190
142, ,709
——
—
———
156,683
.
6,5161 196
depreciation———.
—
1.804.732
3,497.212
14.000.000
———
-
accrued
158, p.
$1,479,700
12,799 975
——
accrued
Contributions in
—V.
(par $100)——:———
—
stock———3,497 212
aid of construction.
247,323
5,347.138
8. 317
*
—
—
8.317
5,658, 284
—
5.048.474
$33,862,795 $33,593,977
——
1531.
Falconbridge Nickel Mines, Ltd.- -Quarterly Report—
Quarter Ended Sept. 30—
Gross
1
Depreciation
Net
and
profit
deferred
—
Cash
<,
.
Position
Sept.
$606,532)
Investments
cost
receivable
Z—
Nov.
*After
8,
$.30
88.971'
1943.
provision
for
1942
$4,362,662
653,392
power
457.755
51,750
35,100
2,202,224
1,859,142
74,959
74,959
644,392
$7,434,009
$107,905
$103,808
457.514
—
820,049
$8,028,629
—
.50
Current
216,569
Liabilities—
Wages payable
Accounts
Taxes
payable
payable
,
—1
_—
83.612
159,400
$649,031
$479,776
$7,379,599
——
$6,954,232
*1.00
share,
fAfter
4
$4,226,255
—
supply
Mill, mine and smelter supplies—
re
$284,577
30
(market value of those listed
in associated companies————
Metal, inventories, at cost*L_
Deposit
299,840
120,000
297,645
1943
and: accounts
at
44.500
$93,859
development-*-.
———_.i—„
Assets-
Securities
M
1942
$702,222
*■
;
Financial
Current
1943
$438,199
•
operating profit----.
for taxes—1
Provision
.75
35,618
97,868
stock.
33,612
132,245
25.967
$1.00
.64
holders
257,219
195.528
'T>
sub¬
1.88
to
2,538
772,920
306.765
—
——
common
Earned surplus
result
183,618
preferred
42.030
1,165
784,467
,—-
preferred stock
on
Reserve for
war.
$429,802
$53,202,
855.778
1,667,695
32.356
turbines, electric generators and
tper Com.
of
1942
622,880
——,
stock
Interest
is
403,527
dividend
30
906.618
———i-'ilO-C——
cumu.
Taxes
re¬
1901,
467,848
Sheet Sept.
securities
Long term debt
Accounts payable
■<"
corporation
$939,777
439,136
Balance
k
debits
Premium
V
Agreement.
$976,608
53,733
25,931
Consolidated
follows:
1943—12 Mos.—1942
$82,047
_L_—.
Deferred, credits
by
$80,810
Liabilities—
1,458 shs.
York,
as
1943—Month—1942
accounts.
...
177,941'/4 shs.
4,185,815
—
_
$2,086,385
etc,—$30,957,336 $29,803,973
fund
receivable
Total
9,852 shs.
1943,
Credit
4,372,390
\
1942-
,$140,753
—
Reacquired
"Outstanding
5,203,740
1936——
1943 (7Mos.)
103,579
$128,712
receivable
Common
500,000 shs.
New
Pennsylvania
a
$2,679,462
J
$2,061,940
103.579
1//1943
and
•
Deferred
principal amount not exceeding $7,000,000
As of Oct. 31, 1943, company has bor¬
Sales
1930
$2,189,964
8,632
profits tax-
Prepayments
treasury of company.
Co.
Net
762,770
$149,385
surtax
properties,
Notes
50,000 shs,
——Net Income—
1.132,812
1,029,650
97,465
•
Cash
7%
*
1925——.
26.778
8,631
common,
Special deposits
issue
Company owns plants
Jeannette
and
Ridgway,
Pa.,
and
Springfield, Ohio, containing:
approximately 380,000, 159,500 and 32,000 square feet of floor space,
respectively.
Results of Operations for Calendar Years
' ■
580,000
16,673
6,869
,
^provision for Federal income tax
Investment
capacity
at
$604,066
404,641
9,866
856
——„
for
Assets—
Plant,
Assistant
Secretary, became
/';v;:r/
and process industries in peace and
accelerated plant and ship construction
100,000
384.437
2,438
761
income deductions
Comparative
'
power
$470,650
34,382
'
"Includes
steam
1942
30,518
.
Period End. Sept. 30—
.
Buckingham,
and
'
an aggregate
increased
$2,580,719
—
compared
as
The previous payment
for
of
14,092
$2,611,045
of debt disc, and
share
deaerating
stantially
74,565
$193,074
$137,344
—
-
Drl,818
$169,478
—
Preferred stock dividend
heaters,
general purpose heat
exchangers, con¬
jet
ejectors,
strainers,
centrifugal
blowers,
turbosupercharging diesel engines, electric slip couplings for
marine propulsion units, tube cleaners, and accessory and other
equip¬
ment,
Its products are used principally in the production of power
and, accordingly, are purchased by utilities and a wide variety of
motors,
1943—12 Mos.—1942
1,454
Balance
per
:
elected
company,
manufacturer
established
-Earnings—
$7,789,642
excess
held
$4,500,000 under
(& Subs.)-
1943—Month—1942
423,300
Misc.
15-Cent
cents
Authorized
Business—Company,
El Paso Elec.
424,469
Fed.
time outstanding.
one
any
•>
deduct.,
E. N. Hurley, Chairman of the board of
following promotions: R. M. Richmond, for¬
associated
dated
Agreement
volving credit in
38,495
,
Plant, property ,& timberlands (less res.)
Total
$5,169,854
136,368
-
expense
$37,144,147
1941.
preferred stock—
preferred stock$10)—————
Loan—Guaranty
28,922
II
-——III
—
logging
and
1943—12 Mos.—1942
$370,864
161,230
revenues-
inc. tax and
(par
shares
of
'•"Exclusive
100,315
Ill-
reserves
—
and
dividend
a
stock' (par
Sept.-30
—
notes-
Receivables—less
Cash
643,000
$274,287
Sheet,
—
S.
39,076
1943
Cash
U.
84,975
14,525
——
Consolidated
Assets—
511,950
55,377
I
taxes;
6,133,228
458,189
—III
(net).
$7,740,690
5,852,975
—~
debt-—.
deductions
1942
$6,889,353
sales—-——————IIIIIIIIII
on
$184,038
(Texas)—Earnings1943—Month—1942
_
-
revenue
Interest
Corp.—Declares
Jeannette, Pa.—Stock
Co.,
chargers
shipping & general expenses—.—%
Interest
111,425
$279,583
surplus——
41,474
Materials and supplies
densers,
Miscellaneous
13
$295,523
$455,020
,
taxes-
Fed.
130,958
Corporation—Earnings—
sales-
Cost
1,457
$633,195
Other
Assistant Treasurer.
Cumulative
$13,000,790 $13,602,052
income
Selling,
15,114
111,425
and
Co.
—
Balance
1943—10 Mos,—1942
$4,598,205 $32,660,115
July 1,
Treasurer;
Capitalization—
pfd. stock
6,420,000
_; $8,273,303
$8,769,323
15Includes current appropiiations to
retirement (depreciation) reserve
lor accelerated depreciation and for
post-war adjustments'
and accruals lor all taxes other
than income
taxes.—V. 158, p. 1635.
'
Net
17,121
27,295
$608,519
8.4
payable
27,
President;
elected
was
Mintz
Common
—
provision
9 Mos. Ended
7,996
52,957 shares of common stock ($10 par) was offered
Nov. 16 by F. Eberstadt & Go. at $12.50 per share.
The
shares offered are being sold by a trust estate and cer¬
•
debt discount and
expense
Eastern
stock
—
;
Oct.
on
announced
Elliott
at
Net
95,215
of
V
corporate
1942
$329,229
15,703
-v
--——-—
dividend
Accounts
4',325',000
11,250.000
from
Other miscellaneous income
Gross
24.6
tain other shareholders and do not represent new financ¬
g'.oooiooo
surtax,—
piolits tax——
Balance,
16.2
19,342
was
1 and
Advertising Manager—V.
164 480
416
tax. and
Only)
$434,194
Expora. & develop, costs
26,702
78,551
declared
April
on
cents
the
11
ing for the company.
1943
earnings from utility operations———
$86,532,206 $76
"Operating and maintenance charges-—
59 281
Normal
(Parent Company
companies..
36,619
revenues
"
Subs.)—Earnings—
31—
Gross
Excess
1942
'
669.
p.
Detroit Edison Co.
///./v/,
(Del.)—Earnings-
—~
*Oper,
1942.
1943, current assets were $9,303,381 and current
$2,113,055, or a net working capital of $7,190 327 This
with
—V.
30,
of
last.
Sept.
1731.
Operating revenues
%
165,337
Utilities
distribution
each
elected
S.
of
30,
were
compares
Amount
103,211
9
Sept.
and
Promoted—
Nov.
on
similar
cents
directors,
are
income
ended
1942
Net
Household
common
Dec.
Secretary
30,
income
at
1843.
p.
20,
158, p. 1531.
1530.
p.
directors
The
tion
on
As
157,
Sept.
June 22
——
Period End. Sept. 30—
-—-Increase—-
.
97,893
$3,396,747
Treasurer,
$2.70
,
on
months
Kilowatt-Hoursi%
192,039
merly Director of Purchases,
.
—$1,078,576
—
income
subs,
El Paso Natural Gas Co.
Amort,
1942
208,782
_
share
per
—V.
•
1943—Month—1942
Sales
President
Net
Earnings
-
Light Co
Period End. Oct. 31—
credits
debentures——
before
$1.25.—V.
23,
common
Distributions
and
requirements
common
Balance applicable to
figures do not include the system inputs of any companies
appearing in both periods.—V. 158, p. 1936.
Electric
depreciation and depletion——
income
for
Preferred
.
above
Following
Net
March
the
on
27.
21
compared with the corresponding week
as
follows:
Dividend—Officials
$14,747,035 $14,202,536
operating expenses-—--—* 11,552,193
11,359,130
and
charges
Provision
Light
Light Co.,
as
Electric Power & Light Corp.——
National Power & Light Co—
$464,473
1943
and other
revenues
dividend
&
Gross
Deep Rock Oil Corp.—Earnings—
and
&
&
were
I
—Thousands of
American
not
$582,784
23,537
9 Months Ended Sept. 30—
Sales
Nov.
$391,014
income,
Interest
1943, the System inputs of client oper¬
Services, Inc., which are subsidiaries of
Co.,
Electric Power & Light
Corp.
and
Operating subsidiaries of—
$464,473
1529.
p.
declared
June
—
4 Balance
25,667
chgs.
55,372
Dividends applicable to preferred stock—V.
Other
Edison Brothers Stores, Inc.—October Sales—
income
inc.
22,
177
Balance
//://■//' •••:•/ // vU,:
186,063
plant
income
Gross
Net
78,120
of
been
record
11,
/
176,900
16,580
—_—
Property retirement
Power
1942
Nov.
Ebasco
of
2,760,576
taxes
Other taxes
during
$4,210,857
308,313
ended
Power
National
1943—12 Mos.—1942
$519,957
—
$327
Services, Inc.—Weekly Input—
week
companies
American
Co.—Earnings-
1943—Month—1942
expenses
esti¬
renegotiation of
'—
oper.
23,512
$10,902
1033.
507,386
of
taxes—'
Other taxes
$23,839
23,499
•
//'•■
*
—
for
reserves
on
1943
from
47,399
$34,400
—
has
follows;
21,
Depreciation ;
$71,238
47,442
—
deductions.——
refunds
$2,174,431
121,066
stocks—
128,013
1529.
p.
Dec.
rev.
Maintenance
-
—V.
Gross
Net
income
158, p.
Net
company
$341,701;
and
March
as
Period Ended Sept. 30—
244,391
$81,842
Balance
Parent
Net
Other
share
on
—,
Federal income
deductions
patents
'
taxes
Operating
Operation
$315,629
240,118
Property retirement res.
appropriations
-V.
$3,521
$321,960
;
income
Gross
taxes
holders
were
——
Balance
Quarter Ended September 30
$2,173,776
——
______
$8,468
„
other
$1,935,427;
23,512
—
Gross revenues (including
Operating expenses
1,442,088
expenses—.
taxes
88,345
2,898,078
89,770
Operating
$731,670
revenues
Federal
1943—12 Mos.—1942
$866,271
Operating
to
1942
dividends
Preferred
82,889
Account
v
1942
.•
23,499
_1
Consolidated Income
penalties,
income
made
El Paso Electric
income
$135,974),
Balance
$115,378
.
'
,
notes,
$10,715,-
to
bank,
$500,000;
accounts
payable—,
liabilities, $508,369; reserves for contrf'act
and
per
13
were
25 cents each; and
Federal
•
-Earnings-
1943—Month—1942
$1.25
Dec.
during
Expenses
when
$114,855
Operating expenses
Deductions
of
Comparative Income Statement
(Company Only) Quarter Ended Sept. 30
—-
and
to
$12,709,545.
12 Months Ended Sept. 30-
Corp.—Earnings—
.
Period Ended Sept. 30—
of
each
Common
defined."
1943
Gross
Net
Dallas Power & Light Co.
and State
payable
Other
Tax.
15
Sept.
cents.—V.
payable
accrued
guarantees
Interest
Payments in 1942 were as follows: March 16, 35 cents;
15, 25 cents each; and Dec. 15, a year-end of
Sept. 15, last.
40
stock,
no
of
declared
15
Nov.
on
common
total,
dis¬
1731.
Eastern Minnesota
bonds
for amortization of
$20,844), $28,056:
reserves
El Paso Electric Company
Cutler-Hammer, Inc.—To Pay Larger Dividend—
on
dividend
cents
21,
additional
of
subject
including
on
;
before
costs,
Payments
Arrearages
an
1943,
Elgin National Watch Co.—$1,25 Dividend—
stock,
similar
A
share.
public trustees will consider
end
share
per
preferred
preceding quarters.
per
of dividend accruals
for
of
cumulative
to $46.50
"the
dividend
a
6%
holders
to
each
that
results
p.
declared
on
15
in
account
—V.
158,
16
amounted
announced
payment on
■
Nov.
on
accumulations
payable Dec.
tribution
procedures.—
company
■ -;
\
,
trustees
account
for .amortization
reserves
charges, $303,168;
Federal
stock,
Eastern Massachusets Street Ry.—Accrued Dividend—
defendants.
as
Government
the
v
30,
contracts,
A
profits
excess
1530.
p.
25
earnings in excess of $3,000,000 after
net
The
directors
and
complaint
plan
of
$37,750
$380,541
143,568
of
presentlv
Board,
Sefrt.
$3,788,677; amounts withheld from payrolls for taxes
and war bond purchases,
$99,518; cumulative preferred, shares'($100
par), $1,137,400; common shares ($10 par), $1,783,902;
capital surplus,
$214,913; earned surplus, $2,926,993; Treasury shares at
cost, Z)r$ 13,872; total, $12,709,545.—V. 158, p. 1731.
*
\'
compensation
officers
The
$385,963
23,258
$39,563
—
Note—Operating
of $2,000,000
fund was begun before Justice Gerald Nolan,
in Supreme Court at White Plains, N. Y„
Nov. 3.
'
The suit was filed by Mrs, Murie Meyers and Sidney Schneiderman,
of New York City, and named Guy W. Vaughan, President,
and 24
incentive
25,150
Labor
of
as
on
$1,421,944;
mated
1943—6 Mos.—1942
$64,713/v $61,008
Net earnings
.
suit against
return
(less
trade,
1943—Month—1942
.
expenses
assets
$3,500,000
licenses, at cost (less
erection
East Kootenay Power Co./Ltd.—Earningsearnings
War
Balance; Sheet, July 31, 1913
Liabilities—Notes
Dow Chemical Co.—Registrar—
Operating
and
■
.
deferred
war
Stockholders Seek To Block
—
/■•
and
/v//
Period Ended Sept. 30—
cash
Assets—Cash
Guaranty Trust Co.,. New York, N. Y., has been appointed
registrar for the cumulative preferred stock, series A.^—V. 158, p. 1936.
484.
of
increases
wage
Regional
demand deposit in banks and on
hand, $890,803;
accounts
receivable,
$5,158,939;
inventories,
$7,127,571;
billings on
uncompleted contracts, Cr$3,043,730; other assets,.
$309,311; fixed as¬
$8,922,303 $10,223,611
—
the
to $14,160,102 and current
liabilities amounted
indicating net current assets of $3,444,441.
*
1,360,737
,1731.
p.
(The)
on
Incentive Wage Payments—
of
419,235
The
value, payable Dec. 15 to holders of record
with $2 per share paid on Dec. 22, last year,
compares
directors
—
158,
retroactive
Position—Current
$2,193,918
sets
Total
for
before
amounted
661,
2,000,448
no par
Curtiss-Wright Corp.
Trial
289,640
-
provision
proceedings
Current
2,435,486
Gross
and
*.
$10)
(par
of
———150,000
2,000,414
—v.
Common Dividend
share on Dec. 22, 1941.—V. 158, p.
per
1
Capital surplus
I
£2
———*—■
/
2,437,764
Earned surplus ——*—1,708,235
$1), $60,000; earned surplus, Dr$13,952; capital
$12,760,807,—V. 158, p. 1529.
n
Steel Co. of America—$3
Crucible
'2,470,500
'•
(par
total,
$9,143;
:
contingencies
stock
73,138
224,504
130,405
,t
_L
S'/o prior preferred stock (par $20)__,
Common
801,921
130,687
taxes—ar.u.-—'w„
Operating reserves
long-term debt
for
$380,375
410,901
1,469,750
income
liabilities
accrued
Reserve
stock of subsidiary outstanding in hands of
'"public,
$1,316,920;
funded debt
(outstanding in hands of public),
$8,188,700; notes payable, $103,333; accounts payable, $113,035; con¬
sumers*
deposits—refundable,
$104,369;
accrued insurance, $6,325;
accrued
interest,
$140,376;
accrued
taxes,
$307,634; miscellaneous
accrued liabilities, $15,179; deferred credits, $30,120;
Reserves, $2,379,-surplus,
$251,774
—
Canadian
Total
Liabilities—Capital
624; common stock
before
payable
and
Monday, November,22, 1943
payable
applicable
renegotiation
but
Total
Net
-V.
—
assets
158,
p.
983.
i
Volume
Number 4231
158
Ely
THE COMMERCIAL &
Walker Dry Goods Co.—Delisting—
&
preferred
&
Company
Its
7 V
.
second
and
10
stock
($100
registration
days—V.
Nov.
preferred
first
preferred stock
listing
in
permission
granted
was
cumulative
157,
and
part
the
on
St.
11
by
($100
SEC
Stock
98.94%
Consolidated
Exchange,
stock
of
Net
sales
Cost
The
directors
ended
15'.,
Sept.
of
record
V.
157,
declared
1943
stock.
dividends
5%
on
are
They
Similar
5.
interim
follows:
as
ordinary
Nov.
both
half
the
for
year
(includ.
sales
of
leased
departments)
Maintenance
made
deductions,
124,854,533
l,o83,813
1,608,540
1,374,285
618,308
471,655
53,662
177,322
Net
profit
River
Electric
Light
Co.—Earnings
Gross
Sept. 30—
operating revenue
Other
income
year
ago.—
earnings
gross
Operating
1942 V
$2,501,470
69,825
$2,738,488
—
1,318,522
71,944
Taxes—Federal, state,
113,500
496.540
544,703
48,752
______
and municipal---—
interest and other charges--
59,106
127,500
—
48,396
—_
excess
Federal
and
Dividends
for
158,
dividends
and
surplus
$486,711
$494,199
770,
p.
owned
preferred stocks of
other interests_-—_
by
Portion
of
net
in
stocks
common
Common
to
dividend
to
shares
90,203
per
share
common
510,023
Cash
.
426,735
1,438,711
3 Mos. Ended Sept. 30—
income collected——:
Operating
expenses
$3.56
$3.15
<■
Sheet,
21,746
—
582,894
Income
I
_
*
$608,347
charges
—127,721
142,665
——_———108,795
/. 200,317
—_
taxes"——
'Income
—
profit
Series
A,
Series
B
$173,781
J
preferred
dividends-..--,-—v
dividends
Consolidated
Assets—Cash
912;
U.
S.
$3,728,565;
ciated
value),
Sheet,
Sept.
hand and in bank, $2,095,147;
on
Govt,
securities,
certificates)—contra
430),
Balance
(less
other
Fixed
notes recelv., $12,214,-
(investment
liquidation—(contra) of $1,610,$11,548: furniture and fixtures (depre¬
deferred
total,
$88,811;
charges,
$19,371,942.
1943, $165,988; notes payable,
$435,367; employee deposits for
Liabilities—Dividends—payable Oct. 1,
$3,300,000:
thrift
employee
accounts,
(deben¬
1944), $100,000;
accrued interest (debenture
taxes, $421,821; income taxes estimated 1943234% debenture due July 1,. 1951, $3,200,000;
issued
(contra)
(less reserve
for redemption
$3,728,565; reserve for contingencies, $38,533;
purchase of war savings bonds, $4,476:
ture
bond
bond),
due
July
1,
$22,688;
$108,795;
1944,
accrued
10-year
certificates
investment
of
(contra)
$1,610,430),
sinking
total, $19,371,942.—V. 158,
stock,
amount
declared
Other
paid on
was
dividend
a
Dec.
15
%
—
payable,
658,298
of 25 cents per share on
the
to
'
$4,219,728
i
dividend
A
of
25
cents
due
291,454
of
in
within
one
6,450 000
Smelting Co.—Halves Dividend—
Federal Mining &
directors
The
the
stock,
of
Distributions
15
Nov.
on
common
$1
declared
payable
each
Dec.
made
were
dividend
a
20
on
of 50
630,900
to holders of record Dec. 1.
March 19, June 21 and Sept.
20,'last, and in each quarter during 1942.
V.'
In announcing the declaration of the current dividend, J. L. Martin,
Secretary, said:
"The annual report for the year 1942 stated whyit
desirable
is
ment of
the present
less
what
—V.
maintain
to
158.
that
than
cash
After the
reserve.
pay¬
dividend, the cash reserve is estimated to be some¬
shown in the annual report at the end of 1942."
770.
p.
increased
an
'
possible
•
assessment
Reserve
for
Reserve
for
warrants—.
of
taxes——
contingencies
interests
in
:
Consolidated
6:^':
■■
oper.
revenues
"•Operating expenses
Net
Other
b;'..0
:
and
355,250
surplus
stocks
owned
applicable
cumulative
arising
other
by
preferred
from
shares
stock,
no
of
stock
(par
of
of
Aug.
stock
2,959,983
2,845,648
9,781,000
$100>-_
1,550
1,871,900
2,253,694
10,275,000
116,250
9,519.273
Earned
11,235,707
11,014,986
surplus
10,782,494
8.711,403
$70,554,529
$76,909,351
(at
par
$10
share).—_
per
1942
—
——.—
——-------y
$4,872,428
$4,399,430
211,441
239,425
U.
S.
Treasury
savings
notes of $5,735,082
1942—V. 158, p. 1440.
$200,480 at July 31,
income
—
——$5,083,869
,
$4,638,854
—2,974,345
3,073,209
Charges of subsidiary companies—u..—
.4
Balance
$2,109,523
—___
-—
-
$1,565,645
Charges of Federal Water & Gas Corp.—234,612
310,681
$1,874,911
$1,254,964
Balance
of
income.
net
;—
.
..
.
*Includes:
124,408
221,409
Nov.
1,
for
1953,
in
each
fund
sinking
at
with
case
$101
at
July 31,
31,
P.
from
certain
mortgage
Morgan
&
Co.,
Inc.
Registrar,
Central
and
of
as
shares.
herein
the
'As
all
of
preferred
date
stated
the
under
presently
stock,
series
are
A,
outstanding;.
cumulative
this
of
will
be
redeemed.
-.
between
the
as
supplemented
1,
1944—V.
be issued
to
corporation
by
123,
and
supplemental
394.
a
p.
under
Harold
L.
indenture
O'Dougherty,
to
be
dated
as
stock
Sept. 30—
revenues
■
■
-
Purpose—It
revenue
Retirement
reserve
trustee,
payment
of
expenses
Nov.
of
542,016
80,799
87,653
present
plant
a
8,138
$21'3,251
126,038
$144,965
"■Includes
158,
Federal
income
taxes—__
16,887
Fuller
Building
purchased
tires
Offering—Amott,
plants
of associated dealers have
a group
cost
and
of
resold at 39 V2 and
interest, a block of
$952,000 first 4s of 1949, with stock {2lk% fixed inter¬
est, iy2% income interest.)
The Fuller Building is lo¬
cated at 57th Street and
Madison Avenue, New York.—•
V. 151, p. 1431.
the
the
at
the
its
A,
at
to
of
will
be
$105
the
the
of
the
share.
portion
a
to
company
to
by
shares
per
apply
amount
applied
It
of
the
is
the
extent
order.
proceeds,
if
the
It
is
the
machinery
covered
not possible
by
to estimate
of
cost
constructing and
is anticipated that such cost may
$3,500,000.
Company also proposes
it
and
proceeds
toward
plant
estimated
to
the
be
construction
used
this
of
cost
the
in
of
an
production
building
is
between
Machinery for this building and for other
and its subsidiaries,
costing approximately
company
on
of
company
Akron
The
$250,000.
the
extent
the
although
of
tubes.
and
is
to
$2,500,000
building
of
will
outstanding
company
the
after
deducting estimated
therewith,
the
by
offered
now
and
$2,296,875
appioximate $1,250,000.
in a general way,
plant,
and
$815,000,
received
tubes.
portion
additional
stock
funds
except
the
a
be
to
the
between
apply
$200,000
Corp.—Secondary
Baker & Co.,
Inc., and
The
time,
aggregate
to
983.
p.
to
equipping
$36,219
59,553
_
the
special
a
construction of
a
new
plant for the manu¬
Company has options for the purchase of
Texas, but definite plan's have not been made
the type of building to be constructed or as to all
the
be installed,
nor have orders
been placed or contracts
that orders have
been
placed for a
portion of
the
except
this
connection
other
at
upon
Waco,
these orders will
at
preferred
undeiwriters
proceeds
of
with
and
in
to
as
in
net
526,862
1943.
proceeds
redemption of
preferred stock, series
toward
tires
machinery.,
$162,256
68,286
deductions
date
made
the
to
acted
was
19,
the
of
intention
site
65,000
stock
Nov.
on
that
of
company
cost
together
equipment
sale
such
the
cumulative
necessary,
facture of
$154,118
19,417
net.
preferred
commissions
Of
.
750,000
estimated
the
to
proceeds,
$783,787
599,950
Shares
$100*75,000
the
the
the
of
6%
$193,833
income,
is
the
1942
$874,582
deductionsaccruals
Outstanding
$5)_.
of
from
company
1,
■
Authorized
preferred stock
meeting of shareholders held
.
T943
___________
(par
(par
"■Authorization
$6,313,771.
:s—
12 Months Ended
stock
cumulative
company
Operating
"■Operating
,f
Shares
mortgage junior
indenture dated Nov.
an
St.
*
,
Preferred
first
are
the heading
"Application
outstanding shares of the
will
'
be:
'
»
Corp.—Exemptions-—
the
As
preferred
there
prospectus
:•
1943,
the application of corporation for
exemption
of
the Trust
Indenture Act of
1939
of
the
participating certificates and
Han¬
the
Capitalization-—After giving effect to the redemption of the present¬
ly outstanding
6%
cumulative
preferred
stock,
series
A,
and
the
issue of
the preferred
stock now offered, the capitalization of the
Nov. 8
provisions
and
Co.
1943,
authorized
cumulative
4'/2%
The SEC granted
accrued
share
per
thereafter.
J.
Trust
prospectus 21,875 shares of such stock
31, 1943 there were 88,625 shares of
Common
Fifth Avenue Hotel
—V,
1,633,470
2,978,754
.
c'Less
Income
after
year
Agent,
and
116,250
9,746,215
surplus
of
Gross
each
Proceeds"
6%
Paid-in
$20,321,541 $19,340,380
and taxes__——-——
15,449,113 14,940,950
earnings
income
1943
1,182,907
1,244.078
171,086
redeemable
authorized
86,875
of
pre¬
common
and
on
Aug.
this
1,871,900
par
——
conversion
into
of
2,197,680
at
interests
thereto.—.
---—
-
1,154,991
2,475,532
company had
outstanding 21,899 shares
(exclusive of 851 shares held in the
treasury) of 6% cumulative pre¬
ferred stock/ series A, of the
par value of $100 per share, constituting
the initial series of its cumulative
preferred stock, and as of the date
200,000
171,014
stock
in
Bank
As
30
Years Ended Sept.
Account,
Income
■■■b
surtaxes
tax
is
Also
Transfer
455,000
—
capital
subsidiary companies:
Pfd. stocks owned
by other interests,
Other
&
a
over
to
Federal Water and Gas Corp.—Statements of Income—
437,500
$1,407,389
dividends.
shares
of
1938,
328,125
$1,006,490
sinking fund for the 4Va% cumulative preferred stock, the
company is obligated to retire out of net earnings on or before Dec.
31 in each year from 1947
through 1971, inclusive, 3% of the number
of shares of such stock
originally issued and 5% of such number of
389,422
'
.
^
Total
As
606,753
1951
participating certificates
cents per share
inc.
profits
stock
redeemed
accrued
13,233,000
to
first
on
309,072
if
320,180
holders of record Nov. 8.
to
328.125
$1,005,603
—
refund—credit
dividends.
7,181,016
the common
on
Payments
50 cents each were made on March 1, June 1 and Sept. 1, last, and
each quarter during 1942.—V. 151, p. 2800.
1
2,376,555
$1,844,889
and
company
has been declared
share
per
payable Dec.
$25.
par
720,237
483,501
and
1,758,748
$1,334,615
redeemable, other than for sinking fund, at the
of the company at any time upon at least 30 days' notice at
following prices: $105.50 per share If redeemed prior to Nov. 1,
1945, the redemption price decreasing 50c on Nov. 1, 1945, and on
each Nov. 1 thereafter, to and incl. Nov.
1, 1952; and at $101 per share
1,955,743
660,077
liabilities
——
Compress & Warehouse Co.—Smaller Div,—
1,788,110
V
Preferred
338,761
1,163,427
:
,
accrued
6,339,897
Common
21,899,844
Kidder, Peabody &
including Lehman Brothers, The First Boston
Corp. and The First Cleveland Corp.
4,191,763
663,568
Long-term debt of subsidiary companies:
Mortgages payable, due after one year to 1964
Notes and debenture bonds
payable, due after
ferred
$26,238,621
158, p. 771.
Co.
$500,000
trade
Total
stock,
4
1927.—V. 158, p. 770.
payments since
Federal
1,917,713
334,734
Capital
12 Mos., '43
$19,881,170 $18,011,455
16,673,211
14,792,491
—
stock (par $100) was made Nov. 16 at $101 per share and
dividend by a syndicate headed by
276,160
25,292,130
year___
Common
—
the
Long-term indebtedness
Sundry creditors
Minority
Subs.)—Earnings—
1943—9 Mos—1942
option
wages accrued
Federal income taxes
year
(&
—Offering of 65,000 shares of 4Vi% cumulative preferred
246,745
4
Miscellaneous accrued
one
1132.
p.
General Tire & Rubber Co.—Preferred Stock Offered
184,580
1,717,874
and
Reserve for
158,
*
excess
514,130
subsidiary
24,362,102
taxes
1942.—V.
stock of corp.—
balance
normal
—V.
$70,554,529 $76,909,351
Accounts
pref.
Post-war
881,812
nominal
Surplus
holders of .record Dec. 1.
Like
Dec. 15, last year, and on Dec. 13, 1941, the first
payable
filed
15.
re¬
payable, banks—
4,/4%
The directors have
for
Exchange
$1,333,728
Fed.
1,211,000
769,734
claims
on
"■Includes:
Liabilities—
fund payment
Fansteel Metallurgical Corp.—25-Cent Dividend—
common
be
which
Total
1440.
p.
to
518,971
operations
for
Security and
surplus a quarterly
preferred stock for trie
prior
9,549,287
1,261,000
in
taxes
Dec.
$5
income
Fed.
charges
Goodwill,
preferred stock, series A, $1,740,710; preferred stock, series B, $500.C00; common stock, $909,149; capital surplus, $2,896,006; earned sur¬
plus, $1,799,843;
used
the
of
unearned
or
its
117,333
property
assets
18Accrued
receivable
on
director
Salaries
for
reserve
assets,
$232,958;
riotes
$1,000,000;
$49,787
1943
30,
mortgages
authority
capital
on
$4,221,444
Income
27,680,764
640,519
and employees of
less reserve
Miscellaneous investments, etc.__
173,565
$7,793
—
not
are
to
Notes
Surplus
2nd
Ap¬
$3,093,363
3,700
8,977,567
.___
by
Dividend
$3,121,838
Divs.
1942
18,224,402
_•
in
States
403—
$9,331,065
company,
9,375
■
123,975
,,
receivable
....
IBond
reduction
125,601
Net
32,638
9,375
1
$265,366
32,638
preferred dividends———L
Common
L;
notes
possible
86,121
July 31
3,535,916
operations.
Deferred
Net
and
inventories,.^
income
fund
610,872
$410,296
in
estate
Federal
Loans
income
Net
accounts
secured
Real
442,650
$9,708,403
hand——___
on
securities-
debtors
used
1942
$1,245,373
26,154
$1,014,935
.
—-—
:_____——
—
Notes
1943
Gross
Interest-instalment certificates
Sundry
Corporations)
deposits and
Government
1942.
Net earnings
——
Interest and other deductions—.___
1,426,193
...
Balance
the
amortization
in
deductions, less other income.
3,444,930
1943
demand
on
S.
Merchandise
Family Finance Corp.—Earnings—
Subsidiary
536,585
3,900,480
co.
>
Comparative Consolidated
ended
of
share
a
—
..
for
Corp.—Seeks
General Telephone Corp.
._
Earnings
asked
out
pay
Period Ended Sept. 30—
Operating revenues
"Operating expenses and taxes..
in¬
parent
of
quarter
Misc.
of
(-Includes
$340,053
4,071,718
90,436
has
$1.25
subsidiaries,-
of
and
marie
Electric
&
corporation
Commission
2,280,800
1,746,850
-
dividends
Customers'
Wholly-Owned
Gas
8,099,368
subsidiaries
profit applicable to minority
Net profit applicable
Preferred dividends
U.
(Including
General
2,162,338
tax-
on
been
1943
1637.
p.
5,704,050
surtax-
profits
Assets-
Balance
—V.
158,
12,367,327
;
normal
for
has
in
proval—
$2,571,295
1,499,909
—
;
__
Depreciation
Total
'.
for federal
—
138,765
'—-
costs
V.
The
Provision
terests
Maintenance
■%
$652,106
provision
4,500,939
a
1943
$2,599,722
_
-—
v
___
of
profit by reason of renegotiation of contracts with the
United
Government, as provided for In Public Law No. 528, Section
J •56.585,703
958,928
net
deducting post-war credit of $795,200
Note—No
139,649,105
repairs
Provision
Months Ended
Total
and
indebtedness and amort, of debt exps.
on
Other
preference stock, and
payable Dec. 1 to holders
were
"■After
1942
165,331,203
goods sold and expenses,
Depreciation
the
distributions
Lazarus
special facilities
interest only.
1943
of
Int.
1942.
p.
Fall
9
have
30,
the
on
(Great Britain), Ltd.—Divs.—
R.
204S
of
.
Ever Ready Co.
&
$
effective
.
(The)
F.
'
Income Account
Years Ended July 31—
from
$251
(par
of the common
:Vir y
Co.
cumulative
1630.
p.
and
withdraw
to
6%
part,
stock
common
Louis
the
stock
FINANCIAL CHRONICLE
It
is presently expected that the remainder
together with other funds of the company to
will be applied to the acquisition of additional
any,
necessary,
plant facilities for the manufacture of tires
tion
of
for
pany
to
and tubes or the
acquisi¬
in existing plant facilities for such
purposes, but
acquisitions are not sufficiently definite for the com¬
a
statement with respect thereto.
interest
an
plans
such
make
„
Federal
Income
taxes
Federal
excess
profits
—___—
tax
r—.—
Statement
Years Ended September
Total
160,612
140,939
Operating
1942
$1,129,257
taxes———-————-—244,661
286,228
,
revenues
____
Operation
1943
$1,331,980
,
History
1943—Month—1942
$759,191
$590,206
324,978
Maintenance
—;
Balance
$1,087,319
-
__——-—
——
$843,030
234,612
income
—V.
158,
p.
—-—
—-
$852,707
$532,349
64,584
55,343
1,623,256
455,606
59,297
830,087
621,201
$109,428
$123,156
$1,362,164
727
143
5,553
$1,277,061
DjT,744
Straus,
F.
R.
&
Department
and
owns
a
Stores,
majority
Stores, Inc.—Annual Report—
Inc.,
of
the
was
incorporated
capital
stock
of
in •, 1929
&
Co. The F. & R. Lazarus & Co.
of The John Shillito Co.
Abraham & Straus, Inc., did a volume of $31,157,476 in sales in
the year ended July 31, 1943.
Federated Department Stores, Inc., owns
100%
of the preferred stock and 89.10%
of the common stock of
this
„
stock and
The
)
income
I
F.
did
July 31,
a
68.65%
of the common stock of Wm. Filene's Sons Co.
$123,299
60,218
Net
deductions
Dividends
—V.
158,
on
12,761
139,429
common
stock
to
219,056
RLazarus &
Co. and its subsidiary
(John Shiilito
combined volume of $41,606,547 in sales in the year ended
Federated Department Stores, Inc., owns 100%
of
the
the
sales
war.
of
Profit
from
Sept. 30—
1943
(& Subs.)—Earnings—
1942
operation— $12,703,362
Depreciation
—
$14,791,582
tl,547,312
tl,257,563
1941
$6,152,303
1940
$1,936,565
.
such
to
products
total
942,391
1
:
$11,156,049
7,174
Other income
$13,534,020
$1,371,565
38,057
iContracts,
'year
the
the
billed
fiscal
sales
Nov.
consolidated
amounted
by
including
ended
Profit
int.
$11,163,224 $13,572,077
f460,271
*584,202
—;
&
Fed.
income
to
Fed,
excess
taxes
profits
tax_
30,
net
the
sales
for
702,621
Depreciation
175,520
Prov.
*7,156,800
9,807,000
500,000
450,000
profit
$2,314,752
for
IProvision
as barges, parachute
balloons, bombs, gas
than
70%
of
$1,766,874
the
gross
percentage of such sales
primarily, to sales of other
and
and
for
to
six
the
effort.
war
its
and
subsidiaries
tubes,
months
during
65%
between
under
the
and
ended May
war
fiscal
70%
31,
of
1943
of such sales.
of
Earnings
Fed.
—
taxes
on
130,000
for
9 Mos, End.
1,535,000
t2,781,903
13,900,000
700,000
104,466
300,000
$1,718,570
$936,766
contings.
450,000
Net
Net
tubes
r
1940
1941
1942
Aug. 31, '43
$23,214,314 $37,353,022 $32,034,478 $37,434,668
1,224,123
4,509,772
4,448,765
6,031,100
498,206
556,202
625,630
501,702
income
215,500
contingencies_
and
the
tires
amounted
approximately 65%
"■Profit
$1,380,505
693,626
1,306,000
for
well
More
due
company
1942,
sales
$5,224,991
Prov.
as
barrage
1938,
year
declined,
contracts
8,940
964,000
taxes
tires
Years Ended Nov. 30
565,900
amort
tubes,
connection with the
Period
Net
Bond
of
565,000
$5,209,912
15,080
in
consolidated
products manufactured in
Summary
Profit
sale
and
company and
its consolidated subsidiaries for each of
fiscal years and for the nine months ended Aug. 31, 1943
consisted of tires, tubes and repair accessories.
Although aggregate
sales of these products in the fiscal
year 1942 exceeded the sales of
,
"'J
and
and
tires
the
Shipments
9 Mos. End.
for
the past five
175,245
General Steel Castings
Corp.
trucks,
manufactures all types of tires and
$697,255
_
the' manufacture
boats, four-man life boats, life belts,
masks, pontons, and synthetic rubber.
176,899
$705,618
of
airplanes,
rubber
mechanical
tubes,
and
tire
recapping
This
constituted
the
company's principal business prior
In connection with the nation's war
effort, the company-
materials.
401,163
$50,320
consists
for
automobiles,
busses,
goods,
repair accessories
$1,275,317.
10,117
1531.
p.
$1,367,717
522,669
$55,281
income
State
&
1943.
$110,155
44,757
store.
Bloomingdale Bros., Inc., did a volume of $324,174,476 in sales in the
year ended July 31, 1943.
Federated Department Stores, Inc., owns
100%' of the preferred stock and 87.37%
of the common stock of
Bloomingdale Bros., Inc.
Wm. Filene's Sons Co. and its subsidiary (R. H. White Co.) did a
combined volume of $50,392,704 in sales in the year ended July, 31,
1943. Federated Department Stores, Inc., owns 67.46% of the preferred
Co
net
Depreciation
Indome
698,931
R. H. White
majority of the capital stock
a
___
in
Abraham
Inc., Bloomingdale Bros.. Inc., Wm. Filene's Sons Co. and Tho
Lazarus & Co.
Wm. Filene's Sons Co., in turn, owns all of
capital stock of the
the
owns
980,207
effort
war
70,798
income
income,
Gross
Federated
2,673,716
excess
taxes
Other
president of the
company,
respectively.
The principal business of
the
company
and its subsidiaries not directly
connected
with
the
$5,726,515
3,814,035
888.
Federated Department
Delaware,
$8,609,747
310,681
Operating
Net
1943—12 Mos.—1942
162,800
Federal income &
Other
287,826
1915, and is the
91,186
profits taxes
Other charges
and Business—Company was incorporated in Ohio Sept. 29,
outgrowth of a business conducted prior to that time
by W. O'Neil and W. E. Fouse, who are now the president and a vice-
Galveston-Houston Co. (& Subs.)—Earnings
Period Ended
Sept. 30
Income
—
.
and
$1,945,826
30—■
income
Expenses
of
$1,802,523
t$2,725,365
$502,363
profit
"■Before
depreciation,
$595,917
Federal
taxes
on
income
and
$1,329,393
contingencies.
THE COMMERCIAL
2046
tAfter deducting post-war refundable
portion of
+Thc provision for contingencies is in respect
Gulf States Utilities
excess profits taxes..
of the liability for
pending against the company and its subsidiaries consolidated,
estimated expenses in connection with the removal and rearrangement
of properties utilized for war production, and for other matters.
The
major portion of the provision during the nine months ended Aug.
31, 1943, covers the possible net effect of the renegotiation provisions
Period Ended Sept. 30—
claims
the
of
Profits
War
Control
The
Operating
Underwriter*—The
and
plus
dividends
Underwriter--
Lehman
Goldman,
C.
A.
4,079,576
• v
673,216
Other
Interest
133,650
1,641,436
3,169,022
...—
&
Walker, &
H.
96,612
1,154,508
$277,764
83,258,071
Dr421
Dr642
11,471
$277,121
$3,269,543
$2,955,162
101,446
102,140
'1,229,314
Co.
Glore,
Porgan •& Co...2,500
Harris, Hall & Co. (Inc.)
2,500
Putnam & Co
Hornblower &
Weeks......JL/Zv 2,500
Baker, Weeks & Harden
&
Clement
E.
Hutton
Co-^Ji:-
Securities
2,500
$1,721,888
584,967
Mitchum, Tully & Co.
Consolidated Balance
Assets—Cash
in
&
$1,455,261
$1,136,920
and
Sheet
$1,030,041;
fixed
assets
Hess—reserves
for
34,312,850), 35,956,121; patents, SI; deferred charges,
$26,093,941.
Inabilities—-Notes
payable
banks,
to
Other
deductions...
($5
par),
preferred stock
$2,634,310;
(par
capital
income
142,532
14,400
$32,222
Other
$30,477
'
.....
1,676
.surplus, $9,826,967; total, $26,093,941.—V.
158,
Period-~<
Week Ended Nov. 7
14,323
14,473
$19,575
Fed.
income
...
and
excess
.
4,514
taxes.,!-
profits
J
(&
Years Ended
July 31—
Revenues
J.
V
income
Net
"Includes
3,714
-
1943
1942
$1,722,543
$1,520,669
hearing
the
on
Products
for
the
proposed
Development
adjournment
Trustee's
plan
Co.,
in
of
Report
reorganization.
whose
on
order
48
For
offer
make
to
the
Weeks
is
for
a
Mea.t
Oct.
1943 !
profit after deprec.,
r-V. 158,
int., Fed.
taxes,
etc...
$126,145
$72,743;
$4,888,222.
Dr$13,582
(B. F.)
of
$1
Nov,
25
on
the
30.
paid
other
ori
This
each
cents
pany
The
Nov.
share
per
record
and
on
of
payable
50
cents
15,
cents
each,
'>'>■••.'•
also
the
Dec.
paid
of
10
In
15
have
19IX
XI,
and
series
payable
for
$1),
misccl-
the
per
on
of
plant
the
"stock;
share has been declared
per
the
on
Sept.
mortgage
1953,
1,
$260,000;
$1,058,000;
liabilities,
current
$2,808,387;
adjustment,
Inc.—Resumes
75
reserve
$179,028;
Net
this
issue
$1
was
Fed.
share
per
Dec,
'
•
:
Net
sales
Cost of
and
..
income..--
oper.
sales,
sell.,
admin.
$7,855,722
sale
11,545,257
11,912,217
12,526,349
7,079.556
676,195
Operating
profit
710,644
740,124
580,900
$742,979
$978,674
$369,681
33.058
35,470
42,900
Special
158,
$776,037
$1,014,144
$412,581
Shs.
91,685
104,733
111.784
1375,900
*517,351
104,815
10,588
income
.
the
,.> 175,540
$41,791
$352,497
-.vV-.t'v
■i;-
$269,953
at
of
Earnings
8337,450
stk.
com.
(no
$405,108
$203,032
382,488
382,488
382,488
$1.06
$0.53
share-—-'
per
Note—No
$161,973
provision
158,
$0.88
for
necessary
excess
profits
486.
p.
and
company
Supreme
tax
in
'.!.:••>>,
for
Court
its
group
was
The
in
a
indicted
of
groups
fifth
a
on
1
89,187
-•
.
——A
.
$41,791
-j'
'
;
$263,310
^•'i
*
Nov.
II
declared
New
lost
an
Circuit
•
the
in
that
figures
earned
was
for the
prior
to
the company was advised
Federal income taxes for that
to
mortgage
to
the
from
3:V;.'
Life Insurance Co. of Philadel¬
this
sole
bonds
payment on Dec.
will
>
•
$161,973
17,
has called for
1st
mtge.
made
be
Earnings
at
for
^
being applied to the redemp¬
104Vi, which have been
are
due
1967, "at
1943
redemption as of Dec. 17, 1943, all of
bonds, due 1967, at 104L and int;
time
any
September
prior
that
to
date,
with
full
Bankers Trust Co., corporate
/
*
,
dividend
and
12
Months
Ended
1943—Mon th--1942
_-!>h:
Operating expenses LZ!;':
.Operating
•
$653,547
$605,589
Sept.
30
r
1943—12 Mos.—1942
87.098,950
$6,793,678
185,833
1(>6,556
2.064,982
2,040,239
130,724
1,165,634
1,376,344
91,611
65,176
917,878
944,092
Property retirement res.
appropriations
'
122,268
Other taxes ...j:.
■
k'1'
m
02,500
58,300
737,500
675,000
8191,335
$184,833
$2,212,950
? $1,758,003
Federal
of
par
Net
revenues
tuxes
Other
!
revenues.!
oper.
•;
230
231
4,604
3,661
$191,565
$185,064
$2,217,640
$1,761,664
int. chgs.
104,670 'V: -126,568
applicable to preferred stocks!!—w,
1.479,534
income, net
Di&tflbution—
declared'a-dividend
have
stock,
no
par
payable
value,
last.
15,
and
Payments
15,
June
Sept.
15
Gross
of
75
,Net
cents
per
share
on
p.
15 to holders of record
made on March 15, June 15
v.
in 1942 were as follows: March 15, 75
and Dec. 15, 50 cents each.—V. 157,
profit
Shipping
Sell.,
.
Sept. 30—
expenses
gen.,
$5,042,666
sales.i
on
1942
$4,329,059
869,802
1943
1,035,425
446,970
j—
admin, exps.
513,199
1941-
$4,285,572
8 77.298
V 776,491
.
appeal
Court
to
Operating profit
decision
U
York.—V.
158,
the
did
indictment
not
have
was
Sept. 30—
$3,871,671
729,347
•' 691,107
Gross
holding
Cash
income
disc.,
Operating
earnings.-
*
over
Net
de¬
$1,280,185
pfd.
Interest, amort, of debt disct,, etc., of subs
Minority interest
!—
——
702,010
70,525
86,302
Shares
$1,294,590
664,255
71,582
■
9,501
_
Balance
—
———
t
■excess
at
The
trust
bonds,
Commercial
series
A,
237,176
$185,361
National
dated
Bank,
July
46
1
241,794
*2,064,627
245,950
207,124
'634,568;
*1,143,122.
;
Wall
$1,477,797
common
(no
per.
$1,248,937
$1,386,473
253,844
514,312
253,844
.253.844
514,312
514,312
$1,692,799
253,844
514,312
$709,641
dividends—
Net
$480,781
$618,318
$924,643
685,749
earnings
rev.
from
s—New
Deductions,
•
•
taxes,
Net revenues
—V.
158, p.. 1938.
$151,044
_
SI.36..
„
132,339
•.."
$17,527
$16,641
.
.
.
$183,984
1,37.2
$185,356
" 168,715
$149,866
etc.
219,242
$81,572,706
57,986,468
...
1,601,912. 16.801,879
14,572.692
$1,173,453
income
81,079,310 $10,750,065
89,013,54'6
158,
954,442
...i—
The
Securities
the
on
867,022
8,610,704
7,131,815
1532.
p..
and
proposed
Co.—Hearing Set—
.
Exchange Commission, will hold a hearing Nov.
refunding program of the company.
869,000,000
•;
Illinois
Iowa
'-conditions
issue
to
proposes
$65,000,000
1973,- ancl, to
first
issue and
and
sell
bnd
mortgage
sell
to
commercial
under competitive bidding
collateral trust bonds, 'due
banks
at
private
sale
and
'.not ;for r'ese'ale between $4,000,000 and 85,000,000 of 2?(<& serial notes,
maturing, in
:
ten
semi-annual
installments.—V.
158,
p,
1732.
Indiana Associated Telephone Corp.-Earnings—
Period End.
$250,000'in 1941
Operating
Sept) 30—
" 1943—Month—1942
$189,633 !
revenues——
oper.
$175,218
180
171
$189,453
rev._
1943—9 Mos,—1942
$1,639,792
$1,532,975
1,620
1,495
$175,047.
$1,638,172
$1,531,480
101,667
99,291
917,755
870,350
50
50
877
502
34,068
355,800:
308,277
,.
Co., Ltd.—Earnings-
Dr1,178
revenue
Total revenue.
will
140,889
Illinois Iowa Power
-
$2.10
$1.69
1943—Month—1942
—$439,858
$378,813
—288,814
194,828
transp.
22,807
685,749
.$1,65
685,749
685,749
$1,325,588 in 1943/ $750,000 in 1942 and
profits tax.-—V; 158, p. 577.
Operating expenses
16.377
.
1,918,622
operating
income
—V.
out¬
par)--
share—r-.
>
"$2,534,491
period End. sept. 30—
Other
1943
York, N. Y., for delivery, on and after Dec. 8,
1943, against -surrender
of
outstanding temporary bonds of such issue, it is
announced.—
V. 158, p. 1732,
$2,775,546
Honolulu Rapid Transit
Gulf, Mobile & Ohio RR.—Definitive Bonds—
collateral
$3,148,028
226,467
*1,672,625
\
1943—0 M0S.—1942
$9,244,077 889,011,70T $81,791,948
$9,931,411 : $9,221,270 838,870,812
6,839,336
6,540,048
61,318,868
rev..
taxes
Uncollectible
Net
available
$3,784,218
""Includes
$422,536
229,191
158, p. 689.
Definitive
83,274
etc.!—
....
standing
Gross
—
income
$2,451,217
143,763
9,036
$448,545
Interest, amort, of debt disct., etc. of company
$2,631,783
201,970
taxes——
dividends
Earnings
90,483
:
$219,354
—
—
income
Surplus
1942
expenses, maintenance and taxes—
Provision for depreciation and
retirements-—
„
$2,946,058
1943—Month—1942
$9,947,788:
—
revenues.!
expenses
Operating
23
Earnings—
1943
Operating
——
int.,
Fed. &. State
Conv.
(& Subs.)
$3,560,271
223,947
—
oper.
Operating
inflammatory
jurisdiction
.
.
1,034,580
414,342
*
S
671.
p.
——
1—A;
income
Other
the
revenues
Uncollectible
1940
'
411,227
.>
•
Period Ended Sept. 30—
3 Mos. End.
and
.
after
158, p. 163.
Illinois Bell Telephone Co.—Earnings—
1844.
Gross
1943
inc.
Dividends
Dec.
Hershey Chocolate Corp. (& Subs.)—Earnings—
$0.26
tFederal
:!>••■:'•.
income
Operating
government anti-trust suit at Dallas Texas
charges of restraining trade in the food
Greenwich Water System, Inc.
12 Months Ended
be
first
received
company
:
25 cents per share
$1, payable Dec. 10 to holders of record
with 15 cents per share paid on Jan. 25, last.
a
Distributions of 50 cents each were
1.
Sept,
Common
Net
subject
Period Ended Sept. 30—
.
stock,
directors
common
and
on
contended
that the court
company
prejudicial and
fendants
affiliated
review
they must stand trial in
business.
—V.
included
1942
trustee,. 16 Wall St., New York, N. Y.-
L'h./L:,X'i'V
59,884
Ilazeltine Corp.—Larger
Great Atlantic & Pacific Tea Co.—Loses
Appeal—
Gross
30,
loss carry-over
1532.
p.
outstanding
Net
and
not
was
818,000,000
•Payment
382,488
par)
income taxes, 8324,000; special
charges, $193,351.
tax, $215,000; special charges, $160,900.
1942.—V.
The
to
-interest to date set for redemption, at the
•
This compares
23.
The
the
$102,025
"Federal
The
a
103.464
for
The
its
107,982
u
Sept.
due
respect
To Redeem Bonds—
-y ;v■
:
,
'v '
common
Dec.
tax—
profit
income
771.
p.
directors
"cents;
Net
80.08
with
,
Payments during 1942 were as follows; Jan. 26 and April 26, 25 cen*<j
each; July 24, 75 cents; and Oct. 24, 25 cents.—V. 158, p. 1637.
•
$224,397
62.687
Federal
•
$528,037
27,860
$94,255
r__
'"J
Nov.
29,131
profit
!i
charges
charges, includ.
Total
income
158,
income
ended
made
was
$195,266
income--
Miscellaneous
Interest
$0.67
the company's
of
period
1942. since
The funds
1943—39 Wks.—1942
$69,651
obso-
of
plant
The
on
expenses-
$139,454
share!)
common
$18,000,000
tion
Hayes Industries, Inc.—Resumes Dividend—
gen.
Depreciation
14,544
$262,715
....t..—,..
—
"
lete
1940
$12,964,431 $13,601,535 $13,636,155
$153,998
175,143
,
28,
v
—22,913
:•
1941
1942
$437,858
—
Lazard Freres & Co. acted as agents of the company in
the sale of the bonds.
1942 (see V. 156, p.
will reduce arrearages on
on
$117,168
income
.
from
Loss
—V.
1942
!
1943
!
phia, Reliance Life Insurance Co. of Pittsburgh, Pacific
Mutual Life Insurance Co;,. Connecticut General Life In¬
surance Co., The Connecticut Mutual Life Insurance Co.
and Aetna Life Insurance Co.
Blyth & Co., Inc. and
common
-Earnings—
1943
administrative, de¬
depletion.—V. 158.
for
.taxesJ
Co., Provident Mutual
Arrearages—
' ' '
'
on
v
Balance^--——834,371
Sept. 30—
including
provision
VThe Penn Mutual Life Insurance Co., The Union Central
Life Insurance Co., New England Mutual Life Insurance
Pre¬
Quarterly
Cents
such
; •1973
junior
share
for
.taxes
par
Granite City Steel Co.
without
allowance for Federal income taxes
part
30,
called
This
9 Mos. End.
but
bonds, 3ta% Series due
following insurance companies:
Metropolitan Life Insurance Co., The Northwestern Mu¬
tual Life Insurance.Co., John Hancock Mutual Life In¬
surance
Co., Massachusetts Mutual Life Insurance Co.,
'
'
1943—13 Wks —1942
value, payable Dec.
1
to holders of record
Nov.
12.
compares with. 25 cents per share paid on March 1, June 1 and
Sept. 1, last.
Payments during 1942 were as follows: March 2, June 1
and Sept. 1, 25 cents each; and Dec.
1, 50 cents.—V. 158, p. 1317.
no
costs',
operating
taxes,
'
per
Earnings for IS and Si) Weeks Ended Oct. 2
Prov.
cents
all
all
—
months'
of
accounts,. $67,868;
first
depletion,
and
acquisition
Bakeries,
Operating income
50
81.49
and
> 1940'
1941
Idaho Power Co.—$18,000,000 Bonds Placed
Privately
—Company announced Nov. 16 that it had sold an issue
Payment of the current declarations
preferred stock to $70 per share as of Dec. 1, 1943.
the
(II. \V.) Gossard Co.—To Pay 50-Cent Dividend—
of
$4,107,840
$1.79
1942
'
deposit,
special
,
due
B,
bank,
to
depreciation
prepaid
-
$100,000;
Quarter Earnings—
quarterly dividend of 81.25 per share on the 85 cumulative pre¬
stock, payable Dec. 31 to holders ol' record Dec. 15.—V. 158,
p. 889.
dividend
$4,933,031
$1.92
period.—V.
$4,459,870;
etc.,
$152,738;
2224).
declared
12
directors
ment
last,
that
to
on
Nov. 10 declared a regular quarterly dividend of
and an additional dividend of 75 cents on account of
accumulations on the $7 ciunulative convertible preferred stock, no par
value, both payable Dec! 1 to holders of record Nov. 22.
The last pay¬
com¬
and
(par
Dividend—Declares
ferred
A
74,971
$5,293,719
income
June
usual
•
83,821
profits taxes!!
excess
82.14
Note—No
other
$205; earned surplus, $290,100; total, $4,888,222.—V. 158, p. 771.
$1.75
of
•!:.
! ;!
directors
15,
the
1942,
Sept.
on
ho'ders
to
July
cash.
"
amortization
The
dividend
a
Sept.
on
1943.
one
"-g
that
announced
declaration
June
and
50
22.
company
stock,
wich
compares
March 31
on
the
announced
common
dividends
two
Dec.
16
charges
stock
notes
Third
Goodrich Co.—Larger Common Distribution—
company
deferred
reserve
ferred
The
No
rights,
1
Hathaway
k/;.-:
Sheet,
equipment,
$43,079;
to
reserve,
1942'
1637.
p.
and
—.
income,
Earnings
(exclusive>.ol $5,722
excess
profits tax
$8,079
$4,722.
cost,
4sinking fund bonds,
for
..
at
lien
'
Net
92,837
f88,593
S. savings bonds,
$16,000; customers' accounts
receivable,
miscellaneous
accounts
receivable,
$19,068;
materials
and
$192,501;
2
1943,
1942,
Balance
plant,
investments
3'.ii
asked
based,
taxes:
surplus);
Liabilities—Capital
arrangements.
Ended
48,730
$137,866
Mining- & Smelting Co., Ltd.—Earnings—
deducting
that
U.
total,
6
Dec.
Counsel
plan
financial
Dr3,627
$186,596
48,766
income
.
profit
Net
•
tLoss.
supplies,
until
...........
Sept 30— ■:5>
1943
earnings.!—_
$5,889,355
net
Federal
S84.244
71,853
income
earned
Assets—Property,
$800;
adjourned
"
32,583
$238,301
;
890.
p.
share
Net
527,899
.
$15,060
,
Federal
to
laneous
(Adolf) Gobel, Inc.—Hearing Postponed—
6
!
!......:
lluyler's—Earnings, 12 Months Ended Sept. 30—
$612,144
$86,913
....
Consolidated
1942
Nov.
30,000
$190,223
1859.
p.
1942
558,833
•
income
Net
charged
required.
$34,700
Coxe
taxes.L._„L.r.;
deductions
55,721
.
$608,429
.
$645,746
earnings
Interest
:
C.
Fed.
158,
"After
2,945
!
Operating expenses and
410,168
$189,735
.
Total
v
:
_
deductions
preciation
'1943
v
.
!
$205,918
...
9 Mos. End.
1942),
$642,801
J
...
$630,391
.
389,570
com¬
$37,825
Alfred
1942
$651,209
...
income
>*&;(.
,.
31,
'
'
:
Nonoperating income
__„_
accruals
net
income
"Includ.
,
Subs.)—Earnings—
(Excluding Harshbarger Gas Co. after Oct.
$5C,056;
Judge
1943
deductions...
16,000
6,656
v
.
Hamilton Gas Corp.
earned
1943
Federal
.
$12,673
16,000
...—I:—...—'
158, p. 889.
Jan. 1 to Nov, 7
<
income,
Income
Per
Georgia & Florida RH.—Week Earings—
Operating revenue
'—V. 158, p. 1937.
$39,769
14,350
income
Hudson Bay
1858,
p.
! >
tax..-
$27,145
$33,897
...
dividends
payable,
$2,189,900;
7,901
$21,706
Z>r3,331
LI
,
$1,216,096;
757
$47,670
45,215^'
•
'
14,400
:
:
income
"includ.
—V.
appreciation of
$216,'799; total,
;
! ;;.!;
8100),
surplus.
$66,921
i
reserve
Operating
.Gross
deductions
Common
for compensation insurance, 8150,000; reserve
$1,388,140; preferred stock of subsidiary company,
cumulative
6',l
stock
Federal income
revenue
-V.
Net
reserves
contingencies,
mon
1:!..
_—J_
'•
6,993
...
1942
-
154,129
-
—
income
Income
on
income (less 82,000,000 U. S. Treasury tax notes),
'33,264,528; deposit for purchase of rubber manufacturing equipment,
'less expenditures to date, 8130.092; deferred payments on purchase of
investments in subsidiary companies
not
consolidated—due
1944
to
3286,100;
!!_"—'
Houghton County Electric Light Co.- —Earnings-
'and other taxes
for
18,622
$4u,913
'
12 Months Ended Sept. 30—
$187,409
—
accruals
income, net—
Gross
due to U. S. Government arising from renegotiation of
for fiscal year 1942, $535,306; payrolls accrued, 8431,332; ac¬
taxes, other than taxes on income, $352,863; accrued Federal
$240,000;
15,189
$59,928
/.
158, p. 890.
Net
' 500
32,448,300;
1947,
190,360
,—
deductions
Retirement
1943
$200,750
.
reserve
Operating
Co.,
accounts
$1,000,000;
$255,895
191,781
\.!!.'!._-v!!!!!!!,:;>^!!!_j!!.!!'!
"Operating
Sept. 30—
revenue
notes and
assets,
_
revenues
-Operating
1913
Aug. 31,
—
.
•
Retirement
...—500
$2,483,828;
hand,
on
V.
—
Ilag erst own Gas Co.—Earnings—
accounts
receivable (less—reserves for bad debts, discounts and allowances of
3980,013).
35.182,480;
expenditures
for
plant
facilities recoverable
from U. S. Government, $402,038; inventories, $9,419,833; investments
fui
subsidiary companies not
consolidated, 81,340,000;
miscellaneous
banks
common!
12 Mohths Ended
500
500
Piper, Jaffray & Hop wood'.
2,000
...
Evans
A.
$266,898
:
584,967
•
$174,980
requirements...^...—
'
1,000
—..!
Inc.
Corp..—2,500
1040
1943
:
v--
accruals.
•
Net .income-
■
158, p. 1532.
Operating
1,000
Bacon, Whipple <fc Co..—
''.''i
.
•Operating revenues ■_•!-■!!_—_■.:...
1.000
-
for
'
:
'
1,000
Milwaukee
Union
Balance
—•V.
'•"
1,233,274
$2,040,228
income
Income
Dr60,167
$306,6l5
Gross
"Includes
1.500
.
Co..
A:
.
reserve
$3,015,323
$205,169
dividend
'
:1
•
deductions.
Operating inepme
Other income, net
1,148,778
amortization
Preferred
1.500
1,500
Co............
<& Burr. Inc.
Coffin
5.000
...
revenue
Retirement
1,919,385
$307,043
_
Sept. 30—
.'-Operating
1,589,005
213,067
99,196
revenues—.
Balance
1,500
McDonald-Coolidgc & Co
ti.
Hallgarten
crued
.
income, net...„!—'
Balance,
50,572
137,652
349,350
..
taxes—
,
oper.
Other
*
Inc.—
5,500
„
Co. !!.'•>!:.
Allyn
profits
59,617
.—^..——
income
taxes
Net
the
to
Hayden, Miller & Co
and Co., Inc.
2,500
Eastman, Dillon & Co._„.S_i 2.50O
W.
4,719,803
672,979
Operating revenues —_^_L—!w,:
Shares
R, S. Dickson & Co..
5,500
5,500
corp.-™.-,
Sachs &
v>.'V;';::
1, 1943
:;>.>!
12,000
*!!!:!!;.!
Corp.,„
Cleveland
Nov.
Underwriter—
Shares
Brothers
First Boston
from
accrued
f!.:,;■■
Kidder, Peabody & Co/Lu.!!
First
317,393
severally
agreed,
have
below
458,303
12 Months Ended
812,425,292
of
per share,
of delivery?
date
named
814,615,822
Federal
jointly, to purchase from the company an. aggregate of (>5,000
41'acumulative preferred stock, at a purchase price of
not
.shares
#101
underwriters
Iloosier Gas Corp.—Earnings— '
T
..
$1,089,059
Maintenance
Monday, November 22, 1943
' 1943—12 Mos—1942
$1,411,163
Depreciation
the
liability, of
Co.—Earnings—.
1943—Month—1942
revenues.:—
Operation—..————
company and
Its subsidiaries
under the renegotiation
provisions of that act has
been
finally determined lor all periods to Nov. 30,
1942 and the
effect of such settlement on
the
earnings -fori the year ended Nov,
30, 1942 is reflected in the figures set forth above.
Act.
& FINANCIAL CHRONICLE
:
-
1943—9 Mos.—1942
$4,011,804 $2,844,037
2,279,959
1,496,228
$1,731,846
4,832
$1,736,679
.
1,562,859.
$1,347,809
11,776
■
.
$1,359,585
1.1$2,559
$173,819" ••' $177,026 ;
;
Operating
OperatingRent
for
revenues—.
expenses
lease
of
oper.
prop.
Operating taxes
Net
Net
37,102 ®.
$50,634
operating income
!"—!■
income
V.".;i58,
p,
1473.
841,638
37,135
,
,,,V;
.
•
8363,740
$352,351
27,915
237,008
231,036
•',;" +;
Industrial Finance Corp.—Calls.5 V2
see
North-American
^ Bonds-
Funding Corp:, below.—V. 158, p. 487.
Volume
158
Number 4231
International
Business
Earnings— v9 Mos.
Net
S.
&
1942
The
25
1941
117,525,208
17,096.433
curnul.
Dec.
17,116,217
£$7.24
!i$7.17
Nov.
on
share
per
dividend
of
preferred
15.—V.
75
no
both
interim
common
share
per
payable
Common
initial
an
value
par
cents
stock,
151,
Ltd.-—Initial
declared
8
the
on
the
on
Jan.
stock
15
$50
to
the
of
usual
value
par
holders
It is proposed
that each share of
presently outstanding prefer ret
shall receive eleven shares of common of
$4 par value and it is furthev
intended that after consummation of the
reorganization the company'»
funded debt, shall comprise
$22,000,000 as represented by the new
bonds and debentures.—V.
158, p. 1639.
Div.—
dividend
and
of
204/
6'+>
record
1576.
p.
Lafayette Hotel Co., New York—Bonds Called—
,SS7.54
stock_„
coin.
directors
cents
quarterly
$26,905,108 $18,652,433*$13,217,217
______
share of
per
''After
Investment Foundation,
Canadian
taxes
Earnings
Subs.)—
& Canadian
S.
U.
(&
.
I/■'-■l['
1943
—____
income after
Corp.
■/■■'■/'■/;C%'- '/;/•■'/
:
before U.
earns,
Net
Machines
Elided Sept. 30—
taxes
,
THE COMMERCIAL & FINANCIAL
CHRONICLE
'
Jaeger Machine Co.—To Pay 50-Cent Dividend—
deducting $2,310,926 blocked
foreign net profits.
J Provision
for U. S. excess profits tax amounted to
$15,413,300 in 1943, $7,299,000
in
1942 and $2,384,300 in 1941.
In 1943 the Federal excess
profits
taxes are stated alter
deducting post-war credit of $1,838,300. (1942,
8811,000).
ton 1.039,546 shares outstanding.
JOn 943,087 shares of
common
stock,
f!On 990,116 shares of common stock
The
directors
the
on
paydblc
Dec.
15
shares
10
made-on
were
.Nov.
on
165,768
to
declared
of
outstanding
holders
March
dividend
n
10,
of
Nov.
Sept.
and
30.
cents
no
Similar
10,
this
during 1942 were as follows; March 10, June
cents each; and Nov.
25, $1.—V. 158, p. 772.
outstanding
50
stock,
common
record
10
June
of
10
The
company has called for redemption as of Dec. 15,
1943, a total
$102,600 of 5'> 1st mtge. bonds due Dec.
15, 1947, at 101 and int.
Payment will be made at the Guaranty Trust
Co., trustee, 140 Broad¬
way, New York,
N. Y.
of
share
per
value,
par
distributions
and
Mrs.
Sept.
10,
50
directors
of
Nov.
30,
Jan.
28,
14.
in
or
16
declared
share,
payable
addition
thereto,
per
and.
Jan.
on
Nov.
on
$150
as
Stock
1943, and
distributions
Jan. 28, 1942.
on
Dec.
of
as
5%
10
5'/o
a
thereafter
soon
Jamaica Public
the regular
quarterly, cash divi¬
stockholders
to
stock
dividend
o7
Issued
to
Operating
each
to holders of record
also made on Jan. 28,
were
1943—Month—1942
1943—12 Mos.—1942
before
Net
after
$122,287
%
$100,782
$1,342,318
$1,377,796
57,003
653,137
616,575
Net
1 5,035
1 75,169
—V.
;
____
Maintenance
Taxes
Period End. Oct. 31—
sales
Net
59,723
revenues
Operation
practicable,
12,077
Cr2,461
70,727
$41,151
$31,205
$443,083
$477,430
1,295
602
6,943
Fed.
President
is
of
the
Hotel
1943—-Month—1942
4,081
per
$3,115,075
taxes__
taxes
Preferred
125,067
158,723
V-,-—9,334
Manning
209,319
.....
10,318
share
$0,44
'•
1734,
p.
1943—12 Mos.—1942
$2,675,521 $37,597,607 $25,899,07(1
469,797
6,097,945
5.391,631
182,335
2,337,261
2.100,431)
10,578
124,811
129,84!)
508,231
dividends^.:;-
com.
158,
company,
Le Tourneau, Inc.—Earnings—
Net
Service, Ltd.—Earnings—
Period Ended Sept. 30—
record
be
•
Grady
(R. G.)
5% Stock Dividend—
The
dend
H.
Payments
year.
$0,38
;£'^
$4.92
$4.33
''
1
New Executives Named—
Miss
Ruth
has
pany,
Leach,
been
Operating- income. __1
Other income, net Dr
Manager of Systems Service for the entire
elected
a
Gross incdme
Retirement
,
Ilydro-EIectric
System- -New
Plan
Income
Ex-
Period End. Sept. 30—
Other income
•;
(net)
and
Int.
on
Int.
on
other
of
U.
3.
tax.,
Can.
&
Dec.
71,717
166,396
to
directors have
the
on.
P.
21,991
21,991
16,149
__
.
16,150
28,320
23^048
91,800
'
S., Ltd
10.
declared
common
Distributions
and
cents;.and June
1733.
8,730,224
9,967,678
198,372
776,899
611,114
1,713
••
1,734
1,080,644
1,047,658
1,672,855
117,154
5,138
3,252,874
12.315,772
39.096
300,875
>
Sept.
stock,
of
last.
24,
91,800
50
year-end
payable
in
and
'
•
Dec.
each
cents
Sept. 24
dividend
24
were
Dee.
24,
cents
of
March
on
follows:
as
50
75
holders
made
were
1942
to
of
Cr471,975
cents
Net profit
24,
June
March
each.—V.
Taxes
"312,688
Taxes
1,285,564
$8,748,721
Reserve
for
4,819,958
4,195,961
$309,578
$3,928,762
336,619
166,965
7,222
6,396
65,267
56,473
!-
7,244,071
158, p. 1938.
;
Sept.
19,092
133.369
allowances)
,
$54,873,452 $46,289,994
41,936,921
35.291,793
excess
income
675,807
excess
190,000
10,202,129
profits taxes
and
The directors,
1944,
total
a
is announced, will call
it
of
$1,400,000
61■:*<>■ bonds due Feb.
■
The
count
of
$100,
1,
also
directors
1947.
V
declared
accumulations
payable Dec.
15
redemption as of Feb. 1,
lien and refunding
mortgage
its < first
of
for
71,989
682,346
639,673
of
taxes,,
1942
1942
193,000
before
shares
did
8,083,874
profits tux,
43,400
125,500
credit_________
post-war
$1,715,195
$1,936,440
708,580
706,850
$2.20
$2.53
outstanding™.,
I
£
share
common
62,500
1,491,200
562,500
1943
.
131,096
$1,219,962
$387,776
not
excess
-October
income——$134,202
is
include
profits
of
1942.
'
estimated
excess
at
profits
r
reference
tax because
The
$940,000
the
post-war
Revenue
refund
based
before
Consolidated
to
the
post-war
taxes
.'/Assets—
dividend
a
5'i
the
on
to
holders
of
of
Nov.
was
Act
for
the
on
credit
first
above
Balance
Sheet,
Sept.
and
10
Months
income
after
1859.
ac¬
disbursed.
In
Oct.
31
The
>
$86,775
parent,
$1,493,027
the'SEC
for
order
an
Power
common
stock
transaction
Co.
owned
was
by
it,
which
$340,000
and
of
open
approved
The Commission
has
set
by
30
the
158,
declaring
it
income
debt
and
retirement
"■Oper.
of
to
4,000
shares
indebtedness.
Aug.
on
excess
$2,969,996
to
16,
deductions.
rev.
income
Gross
Mexican
The
to
corporations
manufacturing
►
sound
between
plans
board
of
of
Mexican
Mexico
enterprises
and
make, .its
the
in
includes
in
United
facilities
interested
directors
director of
the
Banco
Nacional
de
that bank;
Net.
524,765
5,943,713
5.477,125
S2,624,505
1,242
170
11,119
2,134
$205,472
$176,986
$2,635,624
Walker
be
79,048
952,833
894,582
$125,571
$97,938
stocks for the period
$1,682,791
to
pfd.
$1,173,373
520,784
■-Incl.
520,784
$1,162,007
-V.
Federal
Nov.
on
8.
Mexican
a
158,
The
a
examining
the
Elisha
manner
States.
available
to
the
two
-designed
In
addition,
American
and
possibilities
of
taxes.
176,860
and
Sir
and
Sir
Iowa Public Service
12 Months Ended
Operating
Net
£
______
Li
income
Income
Net
income
1,351,220
1,066,873
123,596
4,679,986
1942
$5,867,437
'
Dividends
accrued
Balance
on
4.448,993
$1,447,'830JI $1,418,444
31,317/
; 18,400
719,733
preferred sLock-_-______
—:——
$1,436,844
721,630
^Reallocation of prov. lor Fed.
income
tax—
on,.the
Nov.
on
.
(Includes Federal
Excess
profits
°Tho .reallocation
periods
to
which
and
State
is
334,902
$424,511
Dr79,000
$1.11
of
mately $79,000 in the balance for the 12 months
approximately $345,000 and
In
the
balance
$0.83
taxes—
tax
to
for
mately $459,000.—V.
the
12
an
months
158, p. 1733.
ended Sept. 30, 1943
approximately $79,000
Sept. 30, 1942 to approxi¬
increase
ended
of
cents
cents
15
of
one
directors
common
135,133
10,690,745
10,690,745
surplus
10,434,801
8,697,523
Dr212,085
Dr256,059
$38,850,244 $38,787,684
made
were
during
each;
Sept.
15,
17
the
declared
$1.25
contract
Public
Nov.
on
stock,
no
dividend
payable
record
Dec.
of
one
Dec.
50
50
10.
cents
23
extra
'
23,
1943—4 Wks.—1942
$
.
ended Nov.
6,
number
1943,
of
10 to
its
under
in
holders
of
—V.
value
stockholders
of
the
preferred
share, and
to
Nov.
and
9
The
stockholders
shares
of
$
operation
a
stock
number
also
approved
authorized but
stock
sun
$:
■
above
actions
were
organization approved by
now
taken
in
158,
1859.
p.
(& Subs.)—Earns.—
1943
$592,007
$567,757
$1,932,180
457,169
449,594
1,624,919
$134,838
$118,163
$307,269
1,203
1,927
5,746
$120,090
$313,015
27,497
deductions_____
'
Federal
6,753
158,
to
29,500
72,825
$97,963
and State
7,132
31,325
for
$83,458
$212,693
income
surplus...
580.
p.
Sept. 30—
the
four
proposal to
from
reduce
$100
per
weeks
the
share to
Other
the
issuance
of
connection
$4
approximately
$4 common
unissued
with
the
plan
of
$10,547,144
630,045
:_
429,167
5,907,438
5,641,580
173,072
1,097,449
1,362,444
65,971
60,123
788,878
700,453
82,791
79,250
1,312,147
980,271
$167,118
$138,116
$2,398,260"
DrilO
____
380
-
res.
re¬
the Missouri Public Service Commission and
under consideration by the Securities and
Exchange Commission.
revenues-/
income,
net__—_
1
i
—.
$1,862,396
14,237
16,346
—
———
——
-
*
"Gross
Net
inc.
income
$166,648
$138,496
87,332
59,058
int. .chgs.
after
Dividends
$2,414,606. $1,876,633
1,464,438
921,113
applicable to preferred stocks.
356,532.
356,532
Ordered to Write Down Accounts—
The
par
of
previously
,
1943—12 Mos.—1942
$879,728 $11,504,172
227,812
expenses
V Net oper.
:
f
during
Co.—Earnings—
1943—Month—1942
$1,173,737
revenues
I
..i).
and-the issuance of $19,000,000 of first
mortgage bonds and of
$3,000,000 serial debentures.
The
plan.—V.
$136,041
Property retirement
appropriation
outstanding shares of pre¬
ferred stock and
authorized and outstanding shares of common stock.
2,000,000
property
1943—3 Mos.—1942
Federal taxes
31,137,02 1 356,334,632 316,418,901 i
approved
common
the
with
Paso
prop¬
integration
_____—_____________
Feriod Ended
Co.—Change in Stock Approved—
increase
El
SEC,
of
these properties would be used to reduce
loan, notes of Lone Star.
a directive of the
SEC to dispose of these
income
Operating
Operating
was
on
the
the
made
was
£.-:.
Louisiana Power & Light
record
3,019, compared with 3,310 stores in the cor-1
responding period last year, a decrease of 9%.—V.
158, p. 1639.
The
property
purchaser of
revenues
Balance
1943—44 Wits.—1942
$
stores
the
Galveston
Galveston
dividend of 25 cents per share on
value, payable Dec.
33,325,166
average
and
the
taxes
158, p. 1638.
'
_
sale
Co.
________
Period End. Nov, 6—
The
of
Total income deductions__
of
Prov.
Dec.
on
the
sale
bank
tinder
Other taxes
,"
Co.
the
of
Star is
Gross
Kroger Grocery & Baking Co.—Sales Show Gain'
sale
Gas
Other income
cents
and
An
for
12 Mos.
the
a
Service
Union
oustanding
Operating
per
is
the
Operating income
of
extra
22.U941.—V,
declared
1
par
for
Period Ended Sept. 30—
cents;
quarterly dividend of 25 cents
The
Dec.
on
extra
contracts
by
Total oper. revenue
an
into
Louisiana Ice & Electric Co., Inc.
as
1638.
usual
entered
its
erties
of
were
30
has
Southern
March
on
1942
1734.
p.
share
per
holders
to
Cr79,000
$459,311
$380,311
198,322
470,240
274,895
provisions for Federal income taxes to the
applicable would result in a decrease of approxi¬
,
35
p.
3, both to holders of
disbursed on Oct. 1,.last,
was
624,660
3,180.000
;—
of
Lone
Nov. 20.
Like amounts were
paid on this issue on March 10, June 11
and Sept. 10,
last, and on March 12, Oct. 30 and Dec. 23, 1942.
The directors also declared the
usual quarterly dividend of $1.75
per
share on the 7'^
preferred stock, par $100, payable Dec. 1 to holdeif
of record Nov. 20—V.
158, p. 673.
per
income
each
cents
30
Dec.
Distributions
15,
158,
stock.
common
Laclede Gas Light
Earnings per common share (412,000 shares)-.
25
payable
Jan.
on
cents
1942, and
Sales
$345,511
___——.—,
cents.—V.
dividend of
a
value,
last.
June
$715,213
334,902
declared
15,
and
exchange__,
stock____
El
Paso, Texas, properties which, upon approval
bring to Lone Star a sum in excess of $5,000,000.
The
$652,589
Ivobacker Stores, Inc.—25-Cent Common Dividend—
$759,414.
___.—
_
25
directors
quarterly
25
The
$1,479,147
deductions
income
Sept.
16
share in addition to
share
n:
Gross
15,
15
no, par
Distributions of
and
Canadian
135,633
158,
and
Kimberly-Clark Corp.—Extra Distribution—
The
the
$6,127,816
___.
taxes—
stock,
29.
15
March
Dec.
per
York).
1943
___
and
expense'
(New
Co.—Earnings—
earnings from operations—____
Other
Co.
Sept. 30—
revenues
fOperating
Trust
Nov.
June
and
Agustin
Advisory Committee consisting of Elisha
Wiseman,
Hugh Knowlton,
and
John
B.
William
15,
William
Legorreta, Managing
Legorreta, Jr., a
Mexican capitalist; Eduardo Villa-
Glenn, President of the Pan American
record
follows:
Nov;
on
common
5,241,790
1,148,935
3,112,800
Proceeds
countries.
Walker
Mexico;
directors
the
on
1,531,528
Co
inventory price de¬
Lone Star Gas Co.—To Sell Units—
Keystone Steel &
.)Vire Co.—30-Cent Dividend—
financial
Ordnance
future
906.019
5,478,547
stock
Company
1348.
p.
Link-Belt
353.430
825,976
6,247,693
taxes
Total
the
Capital
of
for
Earned
—V.
applic.
Federal
$3,634,714
101,166
99,460
354,290
Treasury stock
Balance
American
an
payable__________„_
payable
$2,067,955
79,901
421,388
$38,850,244 $38,787,684
$2,065,821
(net)
income
Dividends
for
possible
etc.
Common
will
Diego Redo,
senor, Managing Director of the Banco de
Mexico; Atanasio G. Saravia, Assistant General Manager of the Banco Nacional de
Mexico;
Graciano Guichard and Pablo Diez.
i
There will
charges
9,098,410
$4,480,469
dividends
dividend
preferred
$7,542,946
$176,816
charges
1943.
Wiseman, partners of Kuhn, Loeb & Co.; Luis G.
Director
stock
for
Reserve
$8,568,218
Texas
selling their products in
or
deferred
tnet)____
5,241,798
1,557,508
equipment
1,34.2
1,531,528
9,157,785
Co
taxes, other than Federal
clines,
$204,230
income
Interest
of
This
has been organized to take advantage of opportunities
trade
company
and
350,347
1,847
payable
Provision
2,581,253
571,215
T
revenues..
its
1
foster
the
Ordnance
6,803,352
2,274,579
securities
on
stock
1943—12 Mos.—1942
$701,581
8,478,628
:
;—
Prov. for
3,038,553
Co.—-Earnings-
$775,445
$8,392,412
Liabilities—
-
in
cost
'
Preferred
profits
credit)
1943—Month—1942
revenues
Net, oper.
(Inverlat), Mexico—Organ¬
ized—
investment
assets
Liabilities
period Ended Sept. 30-
has
it
transferred
account
Formation of this corporation was announced
has been provided
by Kuhn, Loeb & Co. and
group headed by the Banco Nacional de Mexico.
The company
at
Total
578.
p.
Operating
Other
consisted
Commission
Inversiones Latinas, S. A.
for
^
receivable
plant and
property,
79,250
1,606,197
1942
$8,944,050
7,575,226
$4,576,193
$2,877,008
—
reserve)
owned,
interest
Reserve
hearing for Dec. 1.—V. 155, p. 362.
a
Federal
(less
Kansas Gas & Electric
a
Light &
23,305
1,617,385
•
_
(less
of Link-Belt
Other
$1,179,521
registered holding com¬
subsidiary of United Light & Railways Co., also a
holding company, all Uhe securities of Maryville Electric
and
income
taxes
'•
stated that on Sept. 8,
1943,
Continental Gas & Electric Corp., a
registered
Assets
$4,655,444
$4,494,392
____
earnings.!
"■Includes
-V.
$77,476
company
pany
Accrued
Accounts
Net
.
company.
;
(rieti
Securities
Total
operations—" $4,517,697
Interest and other deductions—
1943—10 Mos.—1942
.
The company has asked
ceased to be a holding
from
income
Total, net
at
as
Iowa-Nebraska Light & Power Co.—No Longer Hold¬
ing Company—
•;
earnings
1942
$20,774,454 $19,151,539
16,256,757
14,496,096
o?
incomo
7,807,722
Receivables
par
the ,first
all
____________
158, p.
is
Arrearages
Ended
1943—Month—1942
charges
Net
Other
>'
expenses
on
months
1943
•
Inventories
1948
revenues-
10c/o
passed until
nine
estimated
■
.
of
not
was
the
renegotiation-,
Common
Earnings for Month
«—V.
on
stock,
This
Nov.
Net
share
per
preferred
30.
payment since Feb. 15, 1943, when a like amount
1942, three distributions of $1.25 each were made.
15, 1943, amounted to S29.75
per share.
12 Months Ended Sept. 30—
:
$1.25
cumulative
record
-Kansas City Power & Light Co.—Income
Account—
Operating
""Operating
662,380
300,000
.
$1,400,000. of Bonds — Resumes Preferred Dividends—
October Earnings Off—
1942
$54,831,009 $46,190,193
42,443
•
99,801
*
and
income
Cash
To Redeem
in
1943
and
'
—-
25
and
last,
""Including selling and administrative expenses, less discounts re
■ceived, before provision for depreciation and amortization of
property,
plant and equipment. (Published' statement for the first nine months
198,728
—V. 158. p. 1533.
International Rys. of Central America
10,
sham
value,
with
Subs.)—Earnings—
discounts
Canada
Earnings per
■
and
Net.
,
and
per
par
-
■:
11,140 ,U
participation &
contingencies
6,622,475
15
no
compares
1859.
(net)
income
(Net
$2,012,115
18,505
74,315
inc.
June
cents
75
stock,
This
$6,208,076
475,421
.26,842
— —
15,
158, p.
26.
'*'
of
Dom.
$784,999
-security)'
chargesDepreciation
V 728,690
1,427,045
1942.—V.
capital
*
1943—9 Mos.—1942
$446,721
Fixed
dividend of
Nov.
Cost'. Of sales
Deprec. & amort, of prop., plant & equip
Appropriation to reserve for possible future in¬
ventory price declines juid other conting.
Federal
536,013
(general)
(social
record
Sept. 30—
(less
income
Totkl
24,
158,
$982,735
'C0StS_._i .7-.:
Balance
-
3,142,690
Cr212,948 Crl,239,633 'Crl.781.813
2,279,274
sales
Common
17,361,503
of
March
on
Co.—Larger Dividend—
a
outstanding
record
Co.—Earnings—
1943—Month—1942
revenue
Operating
456,549
522,724
of
holders
quarter during
Other
empl.
res._
to
share paid
9 Mos. Ended
per
*
.
5.201
305,486
171,914
shares
declared
,
Net
a
Payments
24,
Period End. Sept. 30—
•
Total,
foreign
transf.
_
:£•.
;
Kansas City Public Service
198,891
3,382,833
tax.
J.
•
.
29,086
7
10
Glass
16
Liggett & Myers Tobacco
Co.—Special Offering—
Smith, Barney & Co. made a special offering on the New
York Stock Exchange Nov. 12 of
7,020 shares of common
"B" stock (par $25).
The price was $65Vz a share, with
a commission of
$1.15 a share.—V. 158, p. 1639.
$283,133
27,714
1636.
p.
profits
of
paid,
75
20,069
262,492
__
profit
subs,
-V.
10,708
4,695,958
tax
Net
13,995
55,440
normal
forgn.
37,410,257
2,947,969
■___
excess
3,189,244
102,017,597 103,240,687
127,953,476 122,823,475
5,530
__
oth.
Post-war
share
&
taxes
$234,562
Dec.
per
each
2,049,556
£_
7
profits
3,237,212
1,932,543
_____
Fed.
Excess
158, p.
The
663,836
pfd. stk. of sub.
on
dividends
24
obsolescence
$14,354
shares "jl__—_.
cents
Johns-Manville Corp.—Year-End Dividend of 75
cents
160,051.443
635,824
disc.
expense
State
45,888,364
43,280,185
debt
debt
Deprec. &
Depletion
Div.
55,713,807
expenses
100,215
2,543,452
payable
$473,348
Nov.
on
Link-Belt Co. (&
$
158,780,385
1,067,166
funded debt
Amort,
—V.
$
44,821,198
1,095.360
_!£_
Total
Cost
104,076
$436,139
directors
the
1943—9 Mos.—1942
less returns,
54,618,446
90,000
8,748
Preference-shares B.—_
-Earnings—
S
Gross sales,
97,500
8,290
Preference shares' C______l__
Preference shares D~__il-.-_.--_
Common
1943—3 Mos.—1942
7,500
deductions
Preference
is expected soon to file with the SEC a plan for its
dissolution to replace the plan filed in
August, 1942, but withdrawn
last August.—V.
158, p. 1533.
'.'7;
(& Subs.)-
8,333
'
accruals
res.
$30,603
income v---:-'----•
$23,231
Preference dividend requirements:
company
International Paper Co.
$39,855
_______
Net
7
pected—
The
Libbey-Owens-Fortl
The
on
Vice-President, and Miss Mary Schultz,
Assistant Manager of Systems Service, has been elected
Assistant VicePresident.—-V. 158, p. 578.
International
:
com¬
Federal
down its
is
An
as
additional
chase
price
amortized
Power
Commission
has
ordered
property accounts by $11,687,357.
described
write-ups
and
is
ordered
to
the
company
write
$3,854,375, representing the' difference between the pur¬
the original cost of acquired properties, is to be
a
15-year period, ending with Dec. 31, 1957.
At the
and
over
company's request, the Commission has deferred action
of $195,779, which constitutes profit on fees
paid an
struction
to
Of this amount, $7,637,203
be elimiated immediately.
on
the balance
affiliated
con¬
pending a decision by the U. S.-, Circuit Court o£
Appeals for the Third District in Pennsylvania Power & Light Co, vs.
the Federal Power Commission.—V. 158, p. 1533.
company,
.
-
2048
THE COMMERCIAL & FINANCIAL CHRONICLE
,
Louisville
Gas
Electric
&
Statement
Period End. Sept. 30—
Co.
and
Subs.)—Earnings—
(&
1943—12 Mos.—1942
1943—9 Mos.—1942
each
"Oper. exps.
convertible
and taxes.
10,463,838
8,885,492
13,840,257
$3,082,894
$2,980,857
$4,099,480
$4,014,255
164,788
123,812
228,305
200,237
$3/247,682
$3,104,669
$4,327,785
to
made
were
cumul.
each
$4,214,492
preferred
of
record
quarter from
Arrearages as
share.—V. 158,. p. 893.
11,699,827
income
$5
holders
15
1943.
15.
Monday, November 22, 1943
dividend of $3.50 per share on account of accumulations
Dec.
payable
revenues— $13,546,732 $11,866,349 $17,939,737 $15,714,082
Operating
the
on
Consolidated Income
of
special
a
at
stock,
Dec.
June
Sept.
16,
3.
15,
1941,
1943,
value,
par
no
Distributions
and
to
amounted
Corp.—Earnings4 Wks. Ended
$1.25
incl.
Period-
Sept.
$13.50
to
Mead
both
of
,
Net,
Oct. 2,'43
less discounts $10,799,878
sales—______
8.912,185
per
Cost
of
Selling' &
Net
oper.
Other
income
_
________
Gross income
_'
Massachusetts Power & Light Associates
deductions
Earnings—
1
Net
1,196,586
1,310,182
$2,051,096
$2,095,970
$2,749,124
1.076,011
1.076.009
1,033,822
1.679,991
1,373,831
dividends
dividends
Common
y
income
1942
Gross
_
:
-
$14,025,703 $13,839,992
fj
134,215
-/
11,916,412
&
*
Federal
Fed.
taxes.
$852,284
prof. tax.
1,722,800
inc.
exc.
Note—Provision
credit
for
debt
$191,421;
12
9
for
ended
and
_I
months
1943,
9
ended
is
Sept.
other charges
Dividends
$2
on
Consolidated
addition
mortgage 3ViVo
the company
the
to
announced
bonds
A
Tax
extended unified
of $6,000,000 of its
redemption
series
these columns last week,
in
1942
for
expense
Federal
has also called for redemption Jan, 1, 1944, $157,000 prin¬
income
period
Note—At
provisions
$5,354,316.—V.
All
covering
that particular
series.
■
bonds will be redeemed at the office of the company, 71
New
York, N.
will
be
share
each
and
$18
and
recalled
period
that
1 this
Gross
operating
dividends
preferred
cumulative
year
See V. 158, p
1939.
i '
.
/
•
9 Months Ended
like
of
15,
share
per
payable
disbursed
was
March
on
$1.50
value,
par
amount
$2
Total
Manufacturing & Sales Co.—Dividend—
dividend
no
1943,
has
Dec.
15
June
on
and
in
declared
been
holders
to
and
15
each
record Dec.,- 4.
of
Sept.
last,,
15,
A
against
as.
1942.—V.
during
quarter
•Operating
Sept. 30—
renegot'at'on
of
of
$99,000.
$81,427,
reached
Against
making
12
cents
a
of
$3.02
as
with
this
the
share.
wholly
contracts
war
settlement
The
its
figure
net
This
indicated
the
the
period
ended
1942
in
31>
have
earnings
credit
equal
tax
a
$17,573,
earnings to $2.90 a share,
158, p. 674.
annual
1942.
refund
a
of
$9,807,559
$9,174,210
8,623,249
7,829,251
$1,184,310
12
Months
Ended
30—
Sept.
$1',075.689
dividends
of
Mass.
Utilities
Utilltv,-operating income_-__
Net
12 Months Ended
-V.
$51,196/
158,
$57,786
26,095
54,410
$25,101
__
directors
(he
like
capital
amount
5Q cents
Nov.
on
stock,
declared
a
payable Dec. >15
disbursed
was
March
on
17
15,
June
on
1943,
dividend
to
15
of
holders
and
and in each
25
of
cents
record
Sept.
15,
A
last,
as against
1942.—V. 158,
quarter during
income
___,
the
on
initial
--V.
158, p.
capital stock, par $1, payable Dec.
158, p. 893.
20.—V.
V
,y;;%
:..
•
•
♦
10
of
25
cents
share
per
to holders of record
^
1640.
lv.V."' '/•
——
deprec.
////■:■/
/'
1943
$270,818
'Operating
revenue
deductionsaccruals....
$263,602
150,820
reserve
30,000
140.456
$5,166,266
Gross
income
Income
.
"Inciud.
$.93,562
1,937
1,347
$91,935
$94,909
22,160
__
/;
Domin.
$62,624
excess
48,503
profits taxes
50,587
77,869
96.181
284,333
252,644
824.423
727,884
$1,512,642
$1,035,072
$4,450,889
$2,699,194
24,733
10,374
61,705
32,245
and
gen.
_
amort.—
Other
income
income
Income
Operating
revenue
Retirement
Provision
lor
Fed.
1943
$680,274
540 299
'
accruals-—^
*'
78,062
60^000
$74,782
income
^
Gross
$79 976
111,357
_____
income
68',827
"
$186,139
deductions
Net
income——_
Earnir-js
per
ing
$1
a
$148,803
76,371
79 639
___
'
—I
■-V^sSTW
addition
to
"
$103,7G7
SM.1C3
special
to
preferred
shares
Lee
p.
financing
meeting
intends
of
stock
i$25
its
(no
par)
plans
of
the
company will
called
for
Nov.
stockholders
change
Higginson
the
to
of
tin
addition
the
to
$868,637)
for
third
charter
par)
of
which
Corp.
has
to
be
to
100,000
converted
60,000
been
enable
shares
into
would
mentioned
as
1640.
be
the
in
expense
quarter
and $54,481
$1,161,112
$2,319,916)
considered
22.
The
an
be
equal
sold
to
at
a
company
of
unissued
number
the
of
public
underwriters —'V
157
$1.80
and
for
nine
to
and
at
(market
cost
tomers
(less reserve
accounts
value
life
of
Sept.'
and
assets
reserve
(less
$155,616;
for
fixed
of
the
1944,
saving;
notes
$50,000;
accounts
(less
cost
owned
of
from
In
refund
of
first
accounts
liabilities,
Federal
excess
Operating
income
Oper.
&
1943—3 Mos.—1942
exp.
$30,602
$86,339
9,206
29,604
$19,550
payable,
412
—_
'
.
$16,844
5,873
$25,423
.
Deprec., depl., dry holes,
leases forf'd, etc.—..
Prov.
for
Fed.
$367,611;
stock
taxes
provision
(less
U.
S.
profits
Net
Inc.
tax
—V.
$0.02
p.
-$56,734
'
$49 969
5,985
26.284
$62,719
$76,254
10,989
33 955
26 250
5.000
7,500
13^500
$1,267
$6,264
share_____—
158,
SsioS?
$17,256
v
,
2,500
income for period
per
$78 035
Net, sales.
Qost of sales &
"$21,264
$3^504
773.
•
ftn
5°-06
'
if
tax,
$553,936;
Stores
directors have
declared
a
quarterly dividend of $1.25
per
share
the
plan
are
being
the Securities
and
Nov.
total,
the
by
12
made
and
to
the
Exchange
company's
board
through competitive bidding a new
bonds, 3Va'/r series due 1968 and a
cumulative preferred stock (par $100)/
.sell
will
used
bonds,
4%
$4,150,000
of
redeem the,entire
to
series due
serial
4'/,
prices
varying
issue of $36,-
at
the
due
in
1963,
notes,
redemption
series
lOOVa./i
from
from
102% on
March 1, 1944, the
stock of 1927, at the
will also redeem
shares 6%
preferred
It
to
on
American
Light & Traction Co.
for $2,108,700
in cash
American
of stocks
will
outstanding.
$41,000,000.
aggregate
The company's
/ /
common
stock
wide
are
formal
filed
yy//y y/'
/
with
with,
invitations
bids
that
y/•■
of investment bankers have indicated to
preparing to bid for the new bonds. It is
to bidders will be issued early
in
will
be opened
before the middle of that
groups
they
that
its
the
proposed
SEC
bands, 3 V2%
mortgage
v-.///;;'/.y
-
refinancing
plan,
''- i'
/■•/
:
the
company
on
registration statement for $38,000,000
series, due 1968, and 40,000 shares, 43'4'/o
a
Both bonds and the stock will
competitive bidding rule of the
and offering prices to
the
pub.ic will be supplied by post-effective amendment.—V. 158, p. 773.
'•
sold
preferred stock
by
'•'
(par $100).
the, company- under
The
the.
underwriters
of
names
y'.'y
;»
:'.'•/
Mid-Continent
Petroleum
Period End. Sept. 30—
Gross sales,
Corp.
(&
>v
Subs.)—Earnings
1943—3 Mos.—1942
1943—9 Mos.—1942
less returns,
etc.
$15,661,368
Cost
of
Sell.
&
$12,916,899 $41,849,989 $36,605,339
8,184,954
10,412,080
26,912,458 .22,400,345
sa)es_
adm.
gen.
profit
.
exps.
1,484,546
sales
$2,260,372
$11,651,432
$7,198,618
3,092,517
1,667,775
8,501,733
6,289,439
from
$3,764,742
income..credits.net
Total
1943—9 Mos.—1942
—
$924,033
$592,597
$3,149,694
$909,180
rec._
5,000
3,632
12,640
328,534
income
$4,033,276
deple
1,454,477
4,423,249
4,536,290
$3,277,467 $10,514,281
354,547
1,146,521
$9,668,705
7,390
4,945
,800,343
and
694.638
817,052
2,113,546
268,752
748,137
746,272
1,359,800
surr.
Federal
20,686
.
$11,660,803 $10,469,048
and
720,000
"3,979,000
2,455,480
$1,826,209
$4,820,119
$4,794,060
2.473,235
aban¬
inc.
State
20.171
$959,992
$3,632,014
274,854
Deprec. &
Lshlds.
9,955
Operating
Int.,
earn..
Other
profit
&
divs.
5,177
10,072
21,565
21,803
$941,600
$611,246
$3,205,702
15,871
6,821
32,908
income
Sundry
Prov.
deductions..—
for
Amort,
Prov.
income
depreciation,)
of emerg.
for Fed.
159,139)
.
}
facil,~j
inc.
taxes
"547,500
44,663)
Earns,
$219,091
profit
per
com.
ment
Nil
share.
"Includes excess
Drcf't«
contracts.—V.
158,
tax-*
p.
-
-md
1534.
404,116)
133,988
\
21.874)
217,750
$320,137
$937,184
$0.04
i
*1,831,500
$0.12
possible
54,241
.
renegotiation
44,972
302,750
$424,041
Nil
of
Govern¬
.
taxes
income
Net
Earns,
Total
$011
Corp.—Additional Preferred Dividend
of
mortgage
doned
Net
Mangel
The
6
of the financing the $38,000,000 first mortgage
series due 1968 will constitute the company's only funded
the new 43/4% preferred and common stocks will be
Commission.
for
$4,016,550
exps,—
.
'
••;.(( nT
1943—3 Mos.—1942
Sept. 30—
i*'
the United Bight & Power Co.
has announced a plan for thp
Consolidated G&s Co. and the refunding
tax
'
16.660
,
Earn,
'
Period End.
6,639.841
^
'common stock for the business
Michigan Pipe Line Co. and American
wholly owned subsidiaries of American Light & Trac¬
and
cumulative
trade,
Discounts, royalties, etc.
income.
Total
$26,050
11,052
gen..taxes
Balance
Other
1943—9 Mos—1942
$6,985,233
7,146,120
-
and
that
.
15
Maytag Co. (& Subs.)—Earnings—
Corp.—Earnings—
$7,582,683
704,242
/
$2,743,671.
•
1939.
p.
/ 8,631.210
^
adoption
1944.
of
connection
Nov.
reserves
158,
post-war
$9,494,986.—V.
month.
$4,111,450),
debentures, $2,950,000;
29,106,980
11,400,498
$746,006
Commission
its
20,000
Co.,
was
December
for
$350,128;
10-year 3%%
sinking
for post-war readjustments, $700,831; reserve for contingencies, $25,000; capital stock ($1 par), $249,932;
paid-in surplus, $349,272; earned surplus, $2,949,627; surplus arising
fund
32,040,636
962,246
.
nation
expected
cus¬
reserve
20,
of
company
$1,566,033;
intangible
$9,736),
$24,469;
deferred
capital
163,140
110,765
company's operating revenues for the 1'2 months ended Aug. 31,
$30,616,566 and its gross income after depreciation and
but before interest, was $4,681,324.
Its net income for the
Two
be
and
/
;
;
were
period
receivable,
Jan.
surplus
the
of $18,500), $1,486,461; other
(estimated), $2,529,500; post¬
$553,936; cash surrender
$500,000;
accrued
profits
excess
1939. ;/;///
p.
3.379,333
/
:
$769,750
• 725,861
redemption
at
only classes
taxes,
10-year 33/4li'
income,
V. 158,
h/*,
Service
shares to
The
1943
other, $23,349; employees' savings for war
sinking fund debentures to be redeemed
payable,
per?
1943—9 Mos.—1942/
J
"
and
1948,
Co.
and
tax,
of
in
18,066
,
mortgage
bonds, 3V2',>,
$945,177),
banks,
management
will
$5,087,585 $51,023,817 $44,723,423
.1,277,167
these sales will be
issue
1943,
30,
assets—at
amortization
it
$5,105/651 $51,134,582 $44,886,563
3,647,278
.
40,000 shares 4y/t
indebtedness
$9,494,988.
payable,
accounts
$33,150;
1,
$8,525;
total,
accounts
profits
amortization
Liabilities—Notes
$100,725;
inventories
excess
insurance,
depreciation
$387,151;
doubtful
$27,922;
Federal
of
.
in. that
Upon, completion
,
$101,543.75),
for
receivable,
refund
war
value,
were given
.
'
properties
tion
nine
Sheet,
top
our
of
amount
subcontract, and will permit
more
normal production."—
to
12,208
•
Conso'idated
of
Production
$1,144,364
(1942, $2,277,731)
telling, general and admin¬
months.
Balance
helpful,
the
of
basis
the
on
additional
plus the issuance of $963,000 par value
$3,398,357
for
be
of
this
$5,694,195
lollowing
164'/
to
tional
amount¬
$13,323) for third
months, making the total
third quarter and $3,452,838
for
rev.c.
income
■
first
of
Other
Maracaibo Oil Exploration
being
are
redemption price of $110 per share.
The plan also provides for the change of the authorized
common
stock from 400,000 shares (par $100) into 3,000,000 shades (par $14);issuance of 2,548,642.86 shares of the new common stock in exchange
for the 356,810 shares now outstanding, and sale of 150,621.43 addi¬
$16,748< <1942,
$42,184)
$881,960),
-
of
before
or
$2.18
amortization
separately amounting
of
amount
(1942,
(1942,
much
to
only
an
1943—Month—1942
$38,000,000 first
issue
Net
Period End. Sept. 30—
y'
■
directors,
1944
Assets—Cash on hand and on deposit,
$2,340,919; special deposit Im¬
post-war adjustments, $700,831; U. S. Government and Canadian bonds
Federal
shares
.•
adopted of taking
final settlement.
will
$5,706,403
1534.
Public
Proceeds
$545,307
quarter' and
be
upon
third quarter
*
'
-
000,000
4.583
^
$1,200,050
for nine months, there are taxes included ;in
/
-
entire
$0.84
depreciation
shown
taxes
oper.
'p.
Michigan
i;:\
item
devoted
had
account
some, facilities
the
operating
issue of
2,181,550
/
income
of Michigan
its outstanding securities.:
Applications for
approval
oi
$2,731,440
67,545:4.;
L
3,245,000
$1.62
been
of
revenues
Commission,
(1942, $25,957) for third quarter and $148,604 (1942,
$77,869)
for nine months,
there is included in selling, general and
administrative expense depreciation of $4,714
(1942, $2,092) for third
quarter and $13,354 (1942, $6,277) for nine months.
March
Inc.—Financing—
other
to
which
facilities,
we
will
termination
production
war
had
income
there
into
revenues
Michigan
$53,064
bonds,
(P. R.) Mallory & Co.,
$4,512,595
;
$208,845
$405,670
part
into
Ended Sept. 30—
158,
price
836,550
sh.
com.
(249,932 shs.,
charges,
Pioposed
1,097,300
1040
$739,260
income
Income
51
prof, taxes
excess
6,781,517
inc.
Condensed
deductions/-/586,415
reserve
Operating
Other
$1,045,443
34,403
deductions—.
Co.—Earnings—
revenues
Operating
$1,537,376
_______
(1942,
Maine Public Service
12 Months Ended Sept. 30—
hope
we
involved
replaced.
policy
that
income
new
from oper.'
profit
' 9.211,073
admin,
taxes
•*
be
not
recapitalization
oi
148,604
istrative
income and
158, p. 987.
However,
•
.and
-
153,357
32,285
$69,775
contract.
facilities thus
our
a
large part of
been terminated
has
prime
William -G„ Woolfolk, President of
Michigan Consolidated Gas Co.,
y
$3,861,116 $14,783,346 $10,382,646
.
32,037
(1942,
income
Net
—V.
$89,998
y__yyy/_y_J__...//y
deductions
'
tTaxes—other than Fed. y/AAA'
income
taxes—_____i,,
47,064
"In
Operating income
__„_yv
Other, income, net________-___y___._y._„y__„J_':
of
which
devoted,
been
the
to
...
1943—9 Mos.—1942
'
25,957
29,583
-
had
the third-quarter state¬
Company, states:
Mengel
Michigan Consolidated Gas Co.—Recapitalization and
Refunding Plan—
1942
Retirement
$42,401,322
-
2,515,356
and
—
lr'r
.
'
1943—3 Mos.—1942 '
—
taxes_
\
53,356
and
Sept. 30—
The
Government-owned
the
of
other
Operating
Net
Co.—Earnings—
sold, excl.
and
'Deprec.
Earnings—
12 Months Ended
$4,916,257 $32,217,925
subcontract,
of
will
Operating expenses
Operating taxefi.-—^.—2*
1,748,240
3,268,864
Gross
V.\v?ic/.:'r
Off 27.4%—
1943—10 Mos.—1942
Michigan Bell Telephone Co.—Earnings—
Operating
$3,250,399
1,147,623
y
Nov.
Maine & New Brunswick Electrical Power
Co., Ltd.—
$1,23
.
1,962,560
$4,104,686
Master Electric
Net
dividend
Sales
accompanying
of
war
conservative
taken
be
to
for
-1 Period
$5,212,958
1,866,880
__
expense
an
by
expected
now
-
income
Sell.,
The directors have declared
fee
plants
the
aspects
which
1,368,809
"Includes Federal income taxes
share
27.
$0.59
$3,844,149
$5,971,566
__
(The) Magnavox Co., Fort Wayne, Ind.—Initial Div.—
•
$4,866,173
1,105,393
deductions
Cost of goods
Nov.
is
for
;
1942
ycy/-$ 16,432,432 $15,553,047
deductions—— i__11,566,260
11,708.898
revenue
Period End. Sept. 30—
sales
1639.
J).
/'A ''/■%/h-'X';'':v<'' 1943
Sept. 30—
revenues
Net
per
fee
Net
Net
$3,376
Magma Copper Co.—To Pay 25 Cent Dividend—
The
on
18,171
$1,112,242
'
President
subcontract
it
sonnel,
1,585,998
,
/;
income
Gross
986,
p.
'
others,
reconversion,
Operating income
Other
Dr2,548
deductions
income
;.;S137,085
1,857.890
—V.
income
Income
$1,130,413
\J$
/
to
this
on
/Some
$60,335
3,057
$3,567,441
.
reconversion
result of
a
deliveries,
88,007
$48,140
$0.16
1943—Month—1942
termination
'. The results
27,673
income—net
Gross
„
taxes—
Metropolitan Edison Co.—Earnings—
Income
Other
'
$0.21
.
fixed
represented
-Uncollectible
214,387
18,037
accruals__v-/.y_.y_._._.:;..__
reserve
the
release
$302,394
66,176
..
Retirement
fee
1942
"
232,070
-
of
transferred
1,085,761
—t$10,073
"Includes Federal, State and
municipal
tDeficit. ^Profit.—V. 158, p.
,773.
"Operating
$298,246
___
_
;
Louisville
our
capacity
$1,222,846
1,085,763
Assoc.—.
L
Operating
1943
-
Operating revenues
Operating revenue deductions--^- /_ y/ iOperating income 'i
i___
1,400,000
"We anticipate the continuance of high-levels of operations, althougri
volume will be lower than projected before the termination, because the
„
122,113
charges—,
Balance
-
Lynchburg Gas Co.—Income Statement—
L
Voit,
a
prompt
production.
$1,344,959
108,620
__________
A.
for
:
:
of
two
to
^
;
$768,419
to stockholders
report
because
"As
instead
report.—V.
$245,074
718,117
/
'
completed
Dec.
requires
Department
companies
reduction
reduces
in
the
War
15,920
$288,642
________
cost-plus
earned
have
subsidiary
owned
for
the
share.
1534.
Alvin
"The
288,609
157,
Preferred
and
$784,339
6,829
Shoe Corp.—-October
retail.
his
ment,
$8,885,601
Lynch Corp.—Renegotiation of Contracts—
corporation
$251,903
254,841
750,000
543,233
Mengel Co.—Outlook—
1942
>
;
earnings
Interest and other
200,000
..
period
corn,
158, p.
In
,
218,549
________
at
.—V.
—
$9,589,009
Balance
This
$1.35
arrears
1943
revenues
________
V
134,979
135,000
7,118
tax
218.996
$295,760
prof,
Melville
/
expenses
Balance
1,308.256
206,449
interest.
per
Sales
totaling $1,716,030,
stock, totaling
_
gross
1,362,134
89,035
preferred
capital
the
on
1847.
p.
in
were
stock,
2nd
.
stock,
for
^
income
July
530,259
funded
on.
Note—1943 earnings Include operations of Manistlque Pulp and Paper
from Sept.
1, 1943.—V. 158, p. 1860.
the
Massachusetts Utilities Associates (& Subs.)—Earns
Other
on
103,263
$4,811,626
3,200,656
$1,290,602 provision
Federal income taxes in
for
preferred
of $2
1534.
p.
114,220
$3,646,160
Period End. Oct. 31—
cumulative
share
158,
during the current year.
A
3,135,175
includes
provision
1943,
$2
31.238
$1,206,176
82,131
r
income for
Earn,
Broadway,
the company retired $5,000,000 principal amount of the series A 3xk(k bonds at 102 and inter¬
est, making a total of $11,000,000 of said bonds called for redemption
Ludlow
$112,738
municipal taxes—
1943
The
30,
of
for each
48,087
$1,276,537
—
income
Net
Y.
"
It
1,271,134
shares
$1,226,251,
Sept.
for
$4,708,363
Co.
the
taxes.
was
cipal amount of its extended unified mortgage 4% bonds, series B, due
1, 1960, at 105 and interest, in accordance with the sinking fund
Jan.
1,144,021
$293,012
'Includes Federal, State
Louisville & /Nashville RR.—More Bonds Calledin
$3,531,940
$1,383,8721
balance
1071.
p.
preferred
$1,174,939
.i—
excess
Net
922.98,5
$1,437,032
___
1,671,883
$1,228,449
19,224,564
$2,306,857
806,473
__.
1,619,393
544,649
exps.
Minority
$170,342;
1942,
30,
158,
$257,134.—V.
$2,243,505
_
1,951,539
after deduction of
months ended Sept. 30, 1943,
profits tax
follows:
12
30,
$1,082,487
2,314.210
1.533,090
excess
as
and
Sept.
$1,159,887
$798,897
Interest
Balance
Federal
retirement
months
months
1
Balance
'Includes:
633,046
Fed. and state inc. taxes
11,758,004
Fed.
•
659,243
profit—
income
debt,
$14,159,918 $14,064,861
.
22,248,536
Depreciation
224,869
Int.
Total gross earnings
'Total operating expenses...
Oct. 3/42
$27,399,874 $25,604,810
7,422,105
exp.__
income—
Oct. 2/43
$9,230,090
'
$2,904,310
807,007
1.163,072
.
1,578,661
807,008
income
Preferred
1,008,699
Other
1943
operating revenue____y_/_Xy
adm.
Operating
.
9 Months Ended Sept. 30—
Gross
Other
Income
(& Subs.)—
40 Wks. Ended
Oct. 3,'42
sales,
>
refund
of
Current
$1,763,984
________
share______
per
"Includes
$0.95
for
-provision
Federal
$0.98
excess
$206,000.
assets
$2.59
profits
tax
less
$2.58
post-war
;
of
Sept,
30, 1943, were $43,441,424 and current
including reserve for 1943 Federal and Stata
30, 1942, current assets were $37,596,772
and current liabilities were $6,584,696.—V. 158, p. 1735.
as
liabilities were $8,896,582,
taxes
on
income.
On
Sept.
Midland United Co.—Amended Plan-
Volume
158
Number 4231
THE COMMERCIAL & FINANCIAL
CHRONICLE
Midland Steel Products Co.—Earnings—
,
Period End. Sept. 30—
1943—3 Mos.—1942
"Manufacturing
profitSell,, gen. & admin, exp.
full of all of
?
$1,538,615
$6,037,986
111,471
98,154
302,626
(101.
$2,748,034
310,906
Operating
profit
Res.
$1,598,518
$1,440,461
$5,735,359
37,801
139,288
84,449
215,959
260,285
83.125
249,375
249,375
249,375
for
profit sharingprov. for Fed. inc.
Est.
&
excess
profit
entry
(bi
(2i
their affairs and
dale
of
taxes
profit
Earns,
per
1,100,000
832.126
4,100.000
approval
1,207,126
$302,163
$236,710
$1,030,738
$621,853
"After
factory
—
sh.—_
com.
the
(11).
$0.36
,
$0.08
Nil
$1.61
deducting cost of goods sold, including material, labor
expense, but exclusive of depreciation.—V. 158, p. 1173.
and
five
the
from
A
joint
zation
Co.,
application
for
has
Midland
been
substitution
Co.
%
all
and Midland
A
statement
approval
United
filed
of
for
with
the
amended
an
its
SEC.
reorganization
for
plan
Midland
is
summarized
United
outstanding one class of capital stock, consisting of
shares
(par
i.; ('2h
Midland
Sit,
'- V
United
Gale
is
be
to
continued
in
1,500,000
existence,
but
$ll.
(par
13♦.
fat
of
the
the
and
zalion
issue
ie>
sharees)
On
the
to
United
of
rate
ferred
the
(cj
of
United
(1)
$6
itiese' debentures;
thereof
(51.
All
owned
assets
collateral
and
Trust
by
of
Co..
Annuity
and Coke
transferred,
ities,
assigned
such
except
by authority
The
16».
secured
2.06
his
slock;
Northern
plan;
$6
pre¬
of
United
to
United
Peoples
the
and
Gas
of
receive
in
full
Northern
and
10
at
1280:
holder of
receive
of
of
stock
stock.
held
now
and
The
Utilities
of
shall
the
will
cash;
discharge of
complete
Coke
Co.
be
of
(other
Of
receive
$1,000
1
the
35,587
27,155
stock;
share
All
be
paid
in
allowed,
(ft.
the
other
cash
and
No
The
,secured
claims
Utilities
less
for
is
from
held
of
sum
stockholders
creditors!
will
holder
or
in
cash
of
held
for
the
'
of
rate
of
be
plan
for
following
Gary
Utilities
50$
paid
of
$500
(bt
of
United
holder
$6
of
preferred
the
144.093
stock
shall
any
of
—V.
Certain
of
(other
than
the
shares
outstanding
share
United
of
Realization
<d»
No
provision
(81.
The
execution
ment
of
the
and
amounts
will
in
i2i
the
Service
of
shares
61,888
cash,
in
United,
full,
the
plan
for
in
the
by the United
participation
Upoii
creditors
date
of
the
Realization
obligations to
of
their
Annuity
Annuity
the
$748.47;
soon
priority:
(2j
to
be
of
are
plan
claims:
?.
by
any
of
to
Gas,
satisfied
the
in
settlement
principal
(3>
ratable
<—V.
Bank
Annuity
in
Trust
Edison
of
of
front.time
(5)
Public
time
the
be
be
Realization
in
claims
fixed
as
(2!
unpaid
by
and
of
amount
amount
of
(cl
of
Jan.
obligations
1,
to
on
the
2%
(bt
Service
in
the
(4»
paid, to the extent
each
Jan.
It
8
and
f.b!
shall
July
shall
Net
to
shall
1.
that
cash shall
interest shall
No
(4>.
be
the
be
be
'
rate of
such
the
or
any
capital
powers.
•
In
addition,
distributions,
pay
Realization
dividends
to
the
to
its
$604,006
the
t$2.77
basis
of
income
Co.
and
t$2.05
200,000
from
shares.
investments
$154,791
capital
shares
split up two shares for
preference and class "A"
gain
shares
common
preference
and
to
up
5,284
effec¬
one
stock
Sept.
has
30,
1943
class
shares
"A",
common
taken
outstanding at Sept. 30, 1943.
post-war refund of excess profits
for
dated
Aug. 1. 1930. between this corporation, as
Guaranty Trust Co., as trustee, and the bearers
the
of
certificates for
coupons
1944,
in
the
the
Trust
in
dated
may
securities
the
trustee,
its
in
distribute
all
Nov,
15,
Bank Trust
Shares
stated.
holder
all
of
on
or
certificates
before
unmatured
Broadway,
and/or
cash
for
May
York,
New
15,
1944,
attached,
coupons
New
his
N.
Y„
proportionate
with
as
held
the
Aug.
15,
per
$2,418,904
$1,866,568
2,098,117
1,655,695
taxes
manner
on
or
51,496
51,176
taxes
in
$159,697
the
15,
the
and
share
(&
upon
and
subsequent
be
date.—V.
other
rata
to
thereof
maturing
presented
156,
for
608.,
p.
-.V
■■
of
1944.
property
pro
surrender
should
such
■";■
deposited
agreement
1944.
after
•'■•'.:■
..
-V"'"'
Subs.)—Earnings—
Oct. 9, '43
Oct. 10, '42
Oct. 4. *41
Oct. 5, '40
$86,643
t$3,027
$27,028
$16,763
$0.04
Nil
Nil
Nil
share-
com.
were
"After
of
part
1944,
Coupons due Feb.
the usual
profit
Earns,
a
under
outstanding certificates
-:-X<Ci/-
■
York
any
at any time
hands
cash
then
attached.
payment in
1942
New
outstanding thereunder, will be terminated
Depositor having dissolved and ceased busi¬
agreement,
Shares
remaining
will
coupons
109,684
interest,
depreciation and Federal taxes, etc. (in 1943 income
$60,000).
tNo provision has been made for Federal
income
1942.-
28,110
73,216
$321,131
,
222,461
on
______•_
_
987.
p.
directors
the
and
excess
V
"
—
Nov.
on
outstanding
holders
of
record
March
10 and
1
"Net
oper.
Other
5,
Dec.
—
profits taxes—
Period End. Nov. G—
/.
payment
in
number
of
Nov.
at
1943.—V.
6,
9 Months Ended
Gross
operating
income
declared
4
This
and
1942.—V.
Power
dividend
a
value
par
Nov. .26.
June
5,
16
$2.50
common
compares
Sept. 7, last,
158, p. 773.
■.
of
50
stock,
with
25
cents
cents
and on March
per
6,
stores
10,
1943—Month—1942
4 bu
1943—12
Interest
,.
$1,600,199
$21,628,921
1,193,241
14,437,612
14,709,282
revenues—$508,985
$406,958
$7,191,309
$5,455,969
12,929
1,949
Gross
Net
income
income
-charges
Dividends
;—_:L
after
169,507
$521,914
"f $408,907
$7,360,816
316,487
' V 160,422
4,775,789
Dr434
"Includes
Tax
for
the
Power Association
(&
Sept. 30—
2,507.724
period
957,534
957,534
345,053
4,824,487
4,930.578
balance
other
Subs.)—Earns.—
1942
$11,771,033 $12,172,904
charges——_——
8,625,564
8,867,00'
$3,145,469
balance
——
Federal, State
$11
taxes.
$3,305,897
and
1943
The
municipal
period
provision
1.988,774
1,998,77)
$1,317,123
12,157,774
10.877,353
—_
taxes—
includes
for
$6,209,621
Federal
income
provision
taxes
in
for
the
$4,817,767.
was
Sept.
for
the
for
income
preferred
To
to
"Sl.lSe.eflS
period
dend
1942
in
—
dividends
Note—At
$5,455,535
959
1943
revenues—,
expense
Federal
from
1640.
Balance
arrears
stock
p.
$77,547,532 $76,218,945
decreased
$20,165,251
inter.
?
—'
applic. to pfd.
and
Preferred
MoS.,^-1942
1,259,503
(net)—_
Consolidated
.
158,
1943—44 Wks.—1942
$7,009,693
operation
gross earnings—..—i.———_______ $55,364,852 $52,146,348
operating expenses——
43,593,819
39,973,444
"Total
3
share
June
in
$54,703,661 $51,523,305
________661,191
623,042
Consolidated
Co.—Earnings—
"
Total
share
Dec.
••"
.
$1,768,488
per
payable
1942
!
1943—4 Wks.—1942
$7,161,391
The
884
c,
-
•
income
will
stock¬
Higher-/-
$114,591
287,264
Sales
$187,807
—57,843
income
Montana
sums
Company
the
6,281
$749,659
was
of
20,600
Sales
■
any.
tOn
Service
stock
40 Weeks Ended—
■
Period End. Sept. 30—
Operating revenues
"Oper. rev. deductions-
purpose
purchase any of" jts capital stock prior
10.017
"$1.87
Public
been
therefor
9,459
——$378,974
and
Accordingly, the certificate of incor¬
poration of Realization Company will be amended so as to limit appro¬
make
37.240
$242,179
certificates,
with
Guaranty Trust Co., 140
$269,290
:
shall
proceeds of such liquidation.
priately-its corporate
158,
Sept.
the
of Realization Company to liquidate its
•assets expeditiously without undue sacrifice of values and to distribute
holders,
51,316
349,300
37,693
$989,587
such
759,500
Mock, JudsOn, Voehringer Co.,
Inc.—Larger Dividend
to
per
therefor,
on
26,247
1,478,700
37,720
deposited property held under the agreement. After
May 15,
provided in the agreement, the trustee will sell all stock and
"Net
J
$2,302,316 : $1,048,142
1072.
announcement
745,628
1943
deductions.—
——
income
The
on
be
of
interest
payable
52,135
shares.
shares
owners
Other
in
2%
obligations
available
of
National Tea Co.
_—,L—,
deductions
paid on
amounts
$996,007
251.536
2,650,700
Conversion
1,187
p.
provided
23,600
Peoples
of principal
provided above,
$270,000 to -the Con¬
' the
$2,050,780
%433,849
includes
common
New England
—V.
from
upon
4,743.035
that company.
has
15,
Bank
878.500
.
accruals
by
420,600
and
623,300
,
1941
$5,739,042
5,892,231
share
Louis
1943.
158,
Feb.
the
to
Corp,—Earnings—
Sept. 30—
St.
for
in
an
and
v
net—
income
"Includ, Fed.
and
account
Interest at the
accrue
$1,588,221
income
income,
Gross
v
Income
Illinois
Annuity Trust
Company.' -n;
annum
$1,479,195
as
Service
Ratably
Service
per
1
'
revenues
Operating
-Other
made as
the secured creditors and
priority of the principal of
the
be
order
of
1943,
in
under
Oi.tU
1942
$7,943,010
taxes
1943
issuance
credit
the
to
the
$1,000,000;
(3>
27,
surrender
962,728
—
893.
p.
1943
$3,709,856
420,600
called
appurtenant
As
122,901
profitsytax—:
taxes^Kti;—w'--•»«—'—
of
agreement
of
ness,
$2,550,949
for; estimated inc. taxes:
tax..aud surtax——,
$4.45
months
Com¬
$270,000;
$1,405,000;
Public!
aggregating
Realization
of
rate
yank
(9).
158.
excess
reserve
payments on account
the following order
of1 $124,000;
of
registered
3,420,199
$2,229,8161 $2,428,048
...
192.815
nine
National Distributors Corp.—Trust Terminated—
$5,848,248
125,723
:___
income
/
—u—
for
and
876,338
revenue
in
the
the
amount
interest,
shall
1
No
as
3,966,766
—
the
Inc.—Earnings—
J
and
$2,355,533
"Operating
following secured
$2,360,000;
made
in
immediately paid them.
from
not
(2)
514,159
$6,196,576
t,
for
$961,292
rates
,
income
The
in
resulting
1942
revenues
normal
the
taxes
intangibles————
basis
exchange
403,608
1943
_
provision
$4.14
$1,436,114
781,438
399,960
income
Operating
Service
Edison, $408.55;
Illinois, $842.98.
amount
the
in
their
available,
Trust
Bank
the
$124,000 *to
to
at
annum
the
15,620
Sept. 30—
12 Months Ended
Commonwealth
to the
Bank,
Service
$1,115,000,
without
and
Interest
amounts to
Aug.
resulted
The
income
192,815
SI.76
8,336,048
j
securities
-
Mobile Gas Service
July' i. 1943, to
the date of execution of the settlement agreement
shall, be immediately
paid to the Continental Bank and the Service Annuity Trust upon the
due
32,890.
to.preferred stock—-v
,
192,815
^
income
taxes.—V.
operating revenues.—
Federal
Bank,
(3»
agreement,
$478,000; (4i After payment
the obligations shall have been
payments,
tinental
(ci
1,120
$1,692,822
the
Note— (1)
604
7
%
$899,842
—.1 $11,612,055
common
securities
on
$1,435,510
$90,990
revenues
"Includes
.
of
interest'on
made
in
815,000
$1,691,702
1943—9 Mos.—1942
$375,213
profits
at
and
.'••'
;■
$3,276,007
income
"On
agree¬
Commonwealth
Public
Continental
amount
amount
and
$90,983
$103,876
chgs.—_
excess
Sept. 30—
Federal
property
through
Continental
$1,115,748;
Continental
(5i
Service
(a)
Annuity
Commonwealth
the
905,000
1.943
Subs.)—Earnings-
$1.25
calculated
are
in
27.603
for
tive
68,334
$108,596
1860.
p.
1943
the holders of
of
(&
1943—3 Mos.—1942
'
"
'
.
and
income.
tOther
total
trustee
settlement
ill
$1,330,373;
money shall become
the obligations shall
as
il»
Ratably
Service
the
(It
$82,373.68;
balance
(bt
(at
of
of
account
Gas,
As
the
Gas
80.000
operating expenses
Net
'
income
011
303.761
1
$1,541,603
/ .;.
Co., Inc.
'
taxes
Miscellaneous deductions
■—4,245
•
Deductions
Company will make payments
such creditors in the following
Trust,
Peoples
agreement:
Trust,
Peoples
of
(4i
execution
on
settlement
(bt
res.
280
after
Other
will make the following payments in cash
creditors
Total
receive
\v-%
against
for Federal
675.
p.
income
Prov.
Realization
■■
of
income
Amortization-of
557,062
income
Gross
158,
_
784.557
Non-operating
$6
provision
Balance
5,344,769
850,048
793,353
income
Net
of
303,762
Operating income
Operating expense
in
"Total
$478,843.
of
5,508,022
Operating
stock
per share...—
Earnings per
77,295
12 Months Ended
of
994.488
common———$1,341,684
9 Mos. Ended
1943—12 Mos.—1942
147,419
provided by existing law,
effect being given to the
right for post-war refund.—V. 158;
p. 1072.
no
110,600
1942
58,618
$1,845,369
■
35,594
Retirement
$1,405,408;
Illinois,
(ai
:
412,704
Federal
secured
satisfaction
Edison.
pany
period
590,400
1.538,800
57,801
—
on
950.406
Candy
Note—The
Mississippi River Power Co.—Income Statement—
United.
effective
assume
full
$2,900,000:
of
which the
to
in
Company.
is made in
claims of
upon
pursuant
cash
paid
stockholders
common
,:■
allowed
for
depositor,
outstanding shares
each
for
of
total
-
claims
unsecured
$32,093.16, shall be
the
;
530,000
„
511,633
revenues
1943
•
charges—:
net-profit after*all
Earnings
$8,936,898
oper.
of
was
share
$11,656,543 $11,760,976
———$273,807
Shares of common stock
192,815
381,434
$9,748,125
158,
:
,
$782,813
$684,910
Dividends applicable
treatment:
held
publicly
receive
agreed to forego receipt of
Company capital stock. * %.
the
'
_
•
which
per
V
Interest
1943—Month—-1942
—
distribution
1941.
$2
dividends—$1,645,446
preferred
on
National
York
have
or
358,575
$826,531
inc.
other
before
Period Ended Sept. 30—
Est.
$1,164,247
197,000
l—
15.
of
-^
Sept. 30—
"Includes $830,077
Utilities,
United
held
(neti:
Dec.
of
on
presentation
upon
liquidating
on
distribution
revenue.—...I
$717,342 iin 1942.—V.
1174.;
appropriations
preferred stock
(1)
two shares of Public Service Indiana
common
Stock; (2! two shares of Realization Company capital stock;
(31 The
Middle West Corp. and two other holders of United $6
preferred stock
sum
$1,177,038
_
expenses
Net
Initial
issue
i-~^;v
and
Balance
taxes:
profits
date,
same
earnings——H—
$11,715,161 $11,908,395
operating expenses.—9,11.9,309
9,068,538
Dividends
Dr376
taxes —68,301
Gross
488.
p.
the
gross
Balance
Other
revenues
Other
An
this
on
liquidating distribution
no
par value, payable
stock,
record
liquidating
153.
Ended
income
"Total
pp.
$818,463
Property retirement
the
made
second
1942.—V.
Interest
$1,164,623
income..
Period Ended Sept. 30—
shall
stamping.
was
third
a
common
National City Lines,
„
gross
income
158, p.
Net
declared
the
on
holders of
a
Months
Total
stock.
Each
(ci
front
Operating
of the amounts
in cash in full.
by
9
Other
30%' of
5,421
Electric
all
participation
claimants of
publicly
of
exceeding
stockholders
common
the
than
$1,171,617
_
1
Operating
each such share.
per
2,388,223
to
Gross operating
—_
income
Federal
by
26,
Net
United
$3
preferred
stock
shall, receive;
<li
One share of
Public
Service Indiana common stock; (2) One share of Realization
Company
capital
income
Other taxes
Utilities
shall
206.921
•'
Mississippi Power & Light Co.—Earnings—
each
2,513,845
Narragansett Electric Co.—Earnings—
to
the
shares
Utilities
shares
the
the
and
Company shall have less
Federal normal and surtax
—V.
277,827
charges
State
.
89c,
$500
at
in
receive
of
against
than
made
security holders
Each
(at
by
those
provision
preferred
(-7%
allowed
Dec.
of
"Includes
Company
$3,614,614
for
share
per
Utilities
his
of
$3,838,942
302,811
recently
26
'' %
Realization
4,948,937
$424,747
"i
upon
of
fraction thereof, in principal amount
Realization Company and
then
remaining
/ %'•
when
16,300,612
6,259,817
'■
share
per
followed
major
by
$24,864,163
19,360,414
023,836
;
Liquidating Co.—Third Liquidating Dividend—
certificates
$18
D.
Vice-Presi¬
agreed
$29,459,173
1,959,723
$451,193
income
directors
cents
of
-
The above payments shall be
and all liability of Utilities
(3>
any
the
and
$3,008,306
784,281
director.
board
(21
date
effective
(31. Gary Electric shall cancel an# surrender to
letter's promissory notes held by Gary Electric.
(et.
selected
Willis
and
1943—9 Mos.—1942
$29,512,535 $24,948,221
53,362
84,058
9,083
'
2,218,038
H.:
1535.
after Nov.
or
(1)
Excess
each
publicly
receive
publicly
Utilities
been
Edison
1561.
Net
principal
capital
$200,000
pay
:
from
has
such
as
or
owing
of
Deductions
the
than
Realization
the
Indiana.
record
will
and
Gross
Gary Electric & Gas Company—(It Utilities shall pay the out¬
standing obligations of Gary Electric estimated at $28,000;
<2i
each
holder
Illinois)
initial
director.
one
and
Net
operating revenues—
Non-operating revenues
Gas
will
.
(d».
stock
select
to
.
Bank
Peoples
Illinois
each
for
of
after
in
52c.
Mid-
12 Months Ended
Company and Util¬
permitted to be retained
share
one
months
record
common
75
(Including wholly owned subsidiary, Badger Auto Service Co.)
Sept. 30—
1943
1942
Operating revenues
1;
$15,808,100 $11,968,543
••Operating expenses and taxes
14,636.483
10.803,920
Util-
National
Light
Co.,
of
t
sum
The
be
Milwaukee Electric Railway & Transport Co.—Earns.
approx¬
prior lien
Northern
been
Utilities
six
entitled
has
Trcasurership.
Telegraph Co.—Earns.
$3,017,389
$3,453,512
—
_
158, p.
Nabco
SEC
155,
preferred
Utilities
Company capital stock.
shareholder will receive, for
within
of
Treasurer,
the
one
shall
(President
and
retain
,
United
the
operating
&
6,139
rev._
income
—V.
stock
Realization
shares
of
Net
Court;
the
of
Net
and
elect
stock
will
;
1943—Month—1942
be
Park,
following:
will
tit
Indiana—(H
the
to
the
holder
lien
Indiana
share
$3
holders
Illinois
Edison
to
•
each
(2i
United
20%
(2>
have
as
three-tenths
Indiana
Northern
such
pre¬
of
preferred
Allport
the
by
approval
$6
Hamilton
Commonwealth
the
to
jointly
the
United
shall
shall
oper.
Operating ^revenues
Operating expenses
Operating taxes
directors
capital
and
States Telephone
—
trustee
and
stock!
proposed
with
of
SEC
Vice-President
,
revenues —$3,459,651
Uncollectible
capital stock issued and outstanding, then the
the,respective companies shall thenceforth be elected as
Directors of Realization Company shall be elected
by the
vote of
the stockholders of Realization
Company, each share carrying
one.vote with the right of cumulative
voting; (2) Directors of Utilities
shall be elected by vote of the stockholders of
Utilities, each share
carrying* one vote with the right of cumulative voting.—V.
Realization
prior
slock,
Northern
t c)
will
debenture
of
Each
lien
capital
$3
an
■
Service
delivered
sums
debenture
of
shares
ib>
prior
United
share
If
shares
follows;
the Court. '
of
creditors!
amount
Indiana■,
security holders and claimants of Utilities
Each
»a>
The
the
of
of
nominees
be
of
dollars,
•
directors
the
Inc.
thousand
(fi
v.-
as
of
(Continental
Public
and
cash
their -claims
Co.
each
Commonwealth
and
«•
.;
of
a
Service
obligations
unpaid.
\
stock
preferred shareholders
share
by
of
Reali-
or
■
the holders of Utilities'
to
creditors
Trust,
Light
■>.
each
-
holders
stock;
Chicago*,
Service
the
the
40',i.
capital
trustee,
capital stock in the following
to
respectively
secured
Co.
the
for
sum
of
debenture
■
70%
10%
■
Service
each
the
•,
'
-
to
Public
for
preferred
(3)
Utilities
of
shall
issue
its
to
.
against
shares
(d»
.
amounts
'
distribution
thereof
Company
Co.;
ratably
^•
the
:
proportions:
and
shares)
•-
trustees
claims
69,500
Service
plan,- the United
•
,
shares
two
the
Issue Realization Company
stock
:
(600,000
stock
share
and
Company
Public
remaining 60';
Company.
stock; and
imate
shares
"
Utilities
Realization
to
pay
creditors
for
common
one
stock
ferred
620.001.1
of
unsecured
'.
its unsecured
the Court;
•
of
certain
Realiation
the
the
plan,
of
Realization
fJlake provision
tbi
the
Indiana
effective date of
Company. 'shall:
tat
Pay
allowed? by
as
ibi
to
Northern
Utilities capital stock
(4).
•
$355,337;
of
of
date
discharge
deliver
(cl
stock
(900.000
the
effective
payments-in
totaling
holders,
consisting
:
$786,000;
common
stock,
•'
On
Utilities
capital
■
make
of
class of
Mountain
Operating
Utilities
Company
Company
preferred
trustees,
Oak
the
formerly
Vice-President
1847.
Period Ended Sept. 30—
the
than
two
Raterman,
Executive
p.
and
directors of Realization Com¬
pany and Utilities shall, so long as Realization
Company shall hold
not less than
30%• of the outstanding shares of
capital stock of Util¬
ities, be elected, by classes, in the following manner: (1) Two
directors
shall be elected by the holders, other than
Realization Company, of
the shares of capital stock of Utilities issued and
outstanding; (2),
Two directors shall be elected
by the holders of capital stock of Reali¬
zation
Company issued and outstanding; (3) One director shall be
elected by the secured creditors
jointly, who-shall have one vote for
changed to that of "Midland Realization Co."' Its certificate of
Incorporation will be amended so that there will be authorized and
one
Public
of
157,
wind
with
more
elect
made
effective
111.) has been selected by the
majority of United $6 preferred stock; (d) The
shall
Successors
let
not
the United
by
Realization
$6
holders
Inc.,
than
approval
director.
one
creditors
of
of
The
(Vice-President
dent
-
name
outstanding
select
more
the
Utilities
(c!
by the secured creditors
its
(1)
will
the
however,
Realization
jointly
receive
United
panel
a
the
of
proposed
to
of
Laundries,
holders of
secured
V
Co.
from
to
(b)
after
debenture holders shall
with
entitled
Court;
entitled
extended,
aggregating
directors
The
(a)
holders
and
the
Continent
follows:
as
Up Midland Utilities Co. is to be continued in existence.
Its cer¬
tificate of incorporation will be amended so that there will be author¬
ized and
the
trustee
and
of
trustees,
persons
director
in
',-
"r
is
of
amended
present
Co.
plan proposed
reorgani¬
Midland Utilities
plan
subsidiary,
The
plans of
Utilities
of
and
Co.
the
former
of
All
11
Company
years
The initial board of directors of
year.
board
of nominees
Utilities
(bi
(except
Section
five
A.
been
—V.
company under
and
will consent
1935,
Realization
be
Monarch Machine Tool Co.—Promotion—
Jerome
Com¬
Company and Utilities, as reorganized, shall each
consisting of five members, the terms of
one
follows:
panel
a
with
and
within
Realization
holding
a
of
Act
accordance
dissolved
as
plan,
directors
for
initial
the
Midland Utilities Co.—Amended Plan Filed—
of
be
as
register
Utilities
be
the
of
years.
Realization
shall
selected
and
Act.
to
Company
orders* in
said
board
a
which
each
date
plan, which term may
the SEC. for a period
of
additional
have
Net
of
effective
Holding
the
of
the
are
11
98,490
71,372
—
before
or
up
$2,437,128
41,858
—-v;
deductions
Depreciation
On
pany and Utilities
the Public
Utility
to
Other
obligations and interest thereon. Thereafter, Realiza¬
Company shall wind up its affairs and be dissolved.
tion
1943—9 Mos.—1942
$1,709,989
2049
the
30,
each
1943,
6%
cumulative preferred dividends were in
preferred share and $3.66% for each $2 divi¬
amounting to a total of $7,292,116.
share outstanding,
Buy Own Debentures—
''"
"Incl.
—V.
Federal
158,
p.
taxes__
1535.
377,375
.
The
not
company
more
than
has
been
$1,000,000
granted
to
permission
purchase
in
the
by
the
open
SEC
to
market
expend
its
out-
2050
THE COMMERCIAL & FINANCIAL CHRONICLE
standing 5and 51 af.v debentures, due 1948 and 1954, The order is
subject to certain conditions laid down by the SEC, chief of which
ore that,
no
purchases are to be effected after four months from the
date of the order and that all purchases are to be made at prices
equivalent to those prevailing on the New York Stock Exchange at
the time of purchase.—V. 158, p. 1738.
tax
notes,
earnings,
federal
and
Federal
excess
Sept. 30—
1
,
1943
,
Liabilities—6c;e:
State
income
taxes
stock
profits
$769,421
per
1943
and
figures.
$115,600
!
share..-..
common
"■Adjusted
tNot
in
credit
post-war
other
$543,973;
677.
of
utility
surplus,
plant
$5,724;
reserves,
$249,878;
F.
and
contributions
total,
of
in
$128,700
Period Ended
(&
-
M/,
Operating revenues
Oper. revenue deducts.-
g
$
'
$ •'
-'
676.
85,965,168
income—_
17,076,388
16,411,109
22,754,271
612,575
568,085
804,897
the
week
ended
of 12,789,531 kwh.
Nov.
744,935
17,688,964
16,979,194
23,559,168
24,195,062
7,276,993
7,281,223
9,757,437
This is
production of 11,889,501
Gas
output for
increase
on
of
reports electric
this Association
12,
kwh, for the corresponding
the Nov.
3,566,000
week is
12
ft.,
cu.
reported
2.97%
or
at
9,797,908
week
10,411,971
9,697,971
13,801,731
14,397,153
5,517,597
5,517,601
7.356,795
7,356,800
223,000 cu. ft. in the corresponding week a year ago.—-V. 158, p.
New
directors
The
the
on
Dec.
England Telephone
4,180,371
6,444,937
7,040,352
981,000
360,000
1,101,000
480,000
capital
10.
stock,
similar
A
pared with $1,25
.'Payments in 1942
and
Nov.
on
Sept. 30
$100,
par
distribution
30,
June
on
were
Dec.
and
declared
16
31,
payable
Dec.
made
was
1943,
follows:
as
dividend
a
31
$1.50
March
SI.25 each.—V.
31,
$1.50
30,
June
$1.75;
158,
New
by
record
as
Operating
"Total
Ended
'
Sept, 30—
income
Operating
Gross
Total
3,684.047
53,944
d
3,913,374
3,820,371
5,343,937
1,818,019
2,424,025
Revised
Other
to
-V.
158.
for
provision
taxes—Fed,
income-
329,109
485,150
490,810
2,002,352
2,919,912
directors
capital stock,
This
20.
Jan.
"V.
1943.
10 declared
with
These
a
dividend
payable Jan.
value,
par
no
compares
15,
158,
Nov.
on
50
cents
the
are
15
paid
of $1
to
share
per
holders
of
on
record
deductions
84,866,292
the
Period Ended Sept. 30—
1943-4-12 Mos.—1942
$5,312,449
$6,847,899
taxes.
501,787
470,417
Oper.
revenue
on
6,574,113
686,225
rev.
Operating
Other
1943—12 Mos—*1942
income
17,629,760
$5,021,121
J
income.—
Drl
deduc'S-
24,120,475
23,457,070
$5,169,132
$7,013,121
jD/14,968
income
Income
deductions-
_
$5,156,154
2,835.549
—
income
i
:
$2,173,893
$6,998,153
$7,077,038
2,838,444
3,801,450
3,796,388
$2,317,709
$3,196,702
"■'Revised.
Note—Operating
for
$3,280,650
Net
-
*
revenue
deductions
include
the following
provisions
taxes:
1943—9 Mos.—1942
Federal income taxes;...$780,000
Fed. exc. profits taxes.-,
1,811,000
—V.
$1,301,820
1943—12 Mos.—1942
•
$1,380,209
$1,524,458
Federal
Operating
revenues
Uncollectible
21,496,765
_
$2,658,794
19,784,215 189,405,066 176,190,282
41,338
60,372
Operating
revenues—
Operating expenses
21,455,427
19,723,843
13,487,093
12,906,479
Operating taxes--;.-—-
4,455,660
4,298,526
45,447,706
Dr827
4,478
Dr4,417
$2,663,272
$2,818,750
3,512,674
2,518,838
25,818,537
1,032,471
1,283,831
1,378,553
$946,172
81,379,441
2.364,499
21,583,697
18,775,116
—V.
158,
income
—
1941.
p.
profits
$3,376 for
ferred
deductions
revenue
include
the following
The
directors
Nov.
the
on
27.
Nov.
on
capital
Similar
16
declared
stock,
payable
distributions
were
dividend
a
Dec.
made
15
on
of
to
37%
holders
,March
15,
June
$477,400
602,500
648,000
$649,680
648,000
debenture,
of
share
for
asset
Investments of
each
share
values
$445
of class
of
as
Sept.
share
per
of
taxes,
B
stock.
common
30,
1942,
preferred
This
equivalent
stock
Int.
ancl
to
$381,039,
called
corporation
5%%
•,
compared
redemption
at
with .<$223,673,
Nov.
011
Account
1,
1943,
9
Mouths
Ended
Sept.
1942
1941
$659,477
for
1,899
1,480
Interest,
15
1
and
15, last.
Payments in 1942 were as follows: March 16, June 15
Sept. 15, 37% cents each; and Dec. 15, 62Va cents.—V. 158, p. 1736.
Kv
-V.
cludes
1943—9 Mos.—*1942
its
$18,998,941 $18,282,880
11,445,424
16,285,950
15,029,691
12,246,117
$1,917,269
Gross
$2,354,343
$2,712,990
$3,253,188
74,796
185,234
101,808
245,746
$1,992,065
663,828
$2,539,578
$2,814,799
deductions:..
and
750,647
905,928
1,008,343
income
$1,328,237
$1,788,930
$1,908,870
$2,490,592
"'Revised.
Note—Operating
deductions
revenue
include
the
1943—9 Mos.—1942
following provision's
Federal income taxes..—
Fed.
$1,153,877
$818,797
$1,420,643
profits taxes—
exc.
Canadian
—V.
1943—12 Mos.—1942
251,600
1,380,914
744,259
$1,113,582
1,380,914
income taxes..
456,389
413,074
615,413
524,578
158, p.
1736.
Operating
1943
revenues
1942
$3,181,696
income
the
of Maryland
/Income
2,548
Net
deductions
Assets—Cash,
income
"Tncl.
Fed.
—_
$1,099,297
—
847,160
771,878
$303,833
taxes
(no
excess
profits
154,344
unamortized
$8,673;
tax)
Consolidated Balance Sheet As of
able,
bond
$291,186
1941
for
^In¬
Federal
net income
for
stock
1943—12 Mos.—-1942
$244,764
$3,888,950
$2,277,692
$107,406
$1,640,348
$1,058,247
27,238
548,293
282,239
38,922
875,026
2G0.162
18,939
291,449
203,666
$41,696
$52,259
$533,834
$473,377
512
15
3,368
1,313
$42,208
$52,274
$537,201
$474,689
16,244
13,303
194,176
1,563
2,096
1,079
20,343
27,199
10,281
12,579
$35,795
$312,401
$287,620
income
21,675
28,562
$290,725
$259,058
74,911
57,285
—
_....—*.—L
147,290
'
'
y.
inc.
587
int.
$23,814
collateral lien
1st
bonds, 31
capital
on
V
':
\
■
stock
1536.
p.
States
output of
Power
Co.
(Del.)—Weekly Output—'
this company
1,
'
Sheet,
States
Sept.
/;
Maryland
planes
again
stepped up their service in
the
carrying war supplies a total of 96.973.during the month, a new all-time record for
job in October,
war
express
company.
tion
pound-miles
'
Hunter,
the
President
third
centers
158, p.
and
1943
June
to
etc;
of
1
r
,
the
on
and
straight
NWA
between
system
Chicago
and
Seattle.—
1673.
Northwestern Bell Telephone
.30,
Co.—Earnings—
Period Ended Sept. 30—
Niagara
1943—Month—1942
1943—9 Mos;—1942
revenues$4,523,328
$4,228,465 $39,508,294 $31,384,222
Operating
Uncollectible
oper.
3,781
rev._
6,420
42,545
72,994
•
80,
Treasury
Operating
Operating
1918
obligations
at
aver¬
$4,519,547
revenues
$4,222,045 $39,465,749 $31,311,228
2,812,025
26,662,043
21,461,042
826,217
7,726,375
5,498,991
3,703,786
expenses-.—
taxes———
368,112
income
$447,649
$583,803
$5,077,331
$4,351,195
376,663
522,080
4,486,714
4,138,041
interest
,
and
'
:
,
$2,931;
(25,000
shs.),
shs.),
$6,500,000;
$2,500,000;.
capital
class
surplus,
common
$7,702,109;'
158,
Ohio
1536.
p.
Associated
,
dividends
B
operating
income
Net.
—V.
miscellaneous.assets,
.
payable,
Net
,
Telephone
Period End. Sept. 30—
pay¬
twenty-year 5%%
debentures, due 1950, $6,886,000;
taxes
(partly
estimated!,
etc.,
$15,961;; class
A
$158,918;
1943—Month—1942
from
of
Jan.
interest,
discount and expense, $115,857;
$23,539,735.
total,
preferred
Operating
Co.—Earnings-
1943-Month —1942
1943—9 Mos.—1942
$92,572
$83,005
$811,391
rev—
112
102
1,014
878
revenues.j
$92,460
$82,903
$810,377
$727,718
58,153
55,165
509.121
457,163
10,859
15,935
revenucSnv
Uncollectible
oper.
,i-
$728,596
stock
Operating
■" unrealized
depreciation of investments, Dr386,202; net profit fronv sales .of invest¬
ments, $13,234; accumulated undistributed net income from'dividends;
total, $23,539,735.
: ;
v».
• FF-.-F
Operating
F
expenses
Operating taxes—..'
,
■i
162,119
126,848
$139,137
$143,707
86,539
92,464
interest, etc., $140,784;
Notes—The
Net
called for redemption on Nov. 1, 1943 at
102'.;', $1,900,000 of its 20-year 5%% debentures.
There
is
to
be
applied in such redemption
an
amount of
$1,104,264 representing
corporation
sales of
from
Power
Corp.,
373,639%
shares
of
common- stock
required under the terms of the
as
of
Net
158,'
p.
A
*
Period
27.
A
of
cents
10
in
share
per
Canadian
similar
funds
distribution
against 15 cents each
on
Dec.
has been
on
was
11,
declared
Dec.
made
23
1941 and
to
the
on
holders
Dec.
on
23,
p.
Manufacturers
Trust
Co.,
trustee,
Operating revenues—
$5,655,187.
Operating expenses3,330,499
taxes —'—
1,485,130
Net
record
—V,
St.,
of first
it
an
to
exceed
par
tenders will
exclusive
be
mailed
to
exhaust
of accrued
on
Nov,
the
sum
of
interest.
26.—V.
157,
p.
258."
of
F
$762,895
816,679,.,
$7,506,478
$7,020,111
748,742
7,138,733
- 6,826,265
.
York,
acceptance
of
Public
Securities
Service
and
the
all
The
into
to
outstanding capital
principal transaction
OPS.
be
In
Co.—Proposal Approved—
Exchange Commission
Service Power and Light Co.
813,569,99 at prices not
Notice
$833,558
———_
158, p. 1536.
The
New.
p.m.
<EWT)V 011 Nov. 24 receive bids for the sale
mortgage sinking fund loan certificates due May 1, 1952,
amount sufficient
$4,984,393 $49,755,254 $43,830.22
3,042,795
29,278,372' 26,352,59
1,178,703
12,970,404
10,457,51
1778.
Y., will until 3
to
to
income
operating
income
Net
as
Sought—
45 'Beaver
1943—9 Mos.—1942
$4,991,890 $49,810,555 $43,920,442
7,497 "
55,301
90,219
9,438
rev.-
Operating
Ohio
The
1943—Month—1942
$5,664,625
revenues—:
Uncollectible' opfer.
common
of-
last, year,
1940.—V.1156,
Nivelle Corp., New York—Tenders
6,086
1536.
Endv$ept. 30—
Operating
1476.
dividend
17,609
———
158,.p.
$11,803.-'
$23,448
Ohio Bell Telephone Co.—Earnings—
}
indent
Nipissing Mines, Ltd.—10-Cent Common Dividend—
Nov.
income
Niagara
trust
•
—V.
operating
income
V.
relating to the debentures,
F'\F
•)
The corporation's net assets at Sept. 30,
1943 Were equivalent to
$3,375.84 for each $1,000 debenture, $654.40 for each share of-class A
preferred stock and $10.66 for each share of class B common slock.'
N.
September 30, 1913
Assets—Utility plant, $28,467,762; investments in and loan to sub¬
sidiary companies not. consolidated, $1,339,024; miscellaneous invest¬
ments and special deposits,
$40,576; cash, $821,066; U. S. Treasury
in
Corp.
period
1943.
United
16,
value
Liabilities—Accounts
181,075
—
Share
the
30,
with
Dec.
General Manager, said the total rep¬
monthly increase and exceeds the record
September total by more than 4,000,000 pound-miles.
Mr. Hunter's report listed cargo for the month at
147.558 express
pounds, mostly materials of war transported to military and produc¬
$1,760,046.88), $1,760,000; accounts receivable,
$11,383; interest and dividends receivable, $56,358; investments.■'(.secur¬
ities
at
indicated
present value), $2l,031,Q23; cash deposited with
trustee to apply on redemption of debentures, Nov.
1, 1943, $9,740;
$327,418
—
$1,771
dividends,
Balance
S546.702;
(market
cost
age
Drl63
$1,150,993
-
June
011
and
1st coll. hen
Operating
$1,099,400
—_
income
8322,906
disposal of investments.
and
Niagara
for
1
excess
corporation's
resents
of Maryland only for the period July 1, 1943 to Sept.. 30,
said subsidiaries having been liquidated into Niagara Share
stock/payable
Total
$223,673
or
1942
from
year
stock,
78,173
bef.
158,
Croil
2,029,842
$1,148,445
Other
$3,129,302
2,033,251
.
-Operating expenses and taxes-..
of
etc.
income
July
the
compares
25,638
the
V.
subsidiaries
net
on
for
common
61,116
821
423,756
tare
(Including Rochester & Lake Ontario Water Service Corp.)
Year Ended Sept. 30—
interest.,
1943,
Hudson
Corp.—Earnings—
+386,012
includes the consolidated
statement
1943
Corp.
proceeds
New York Water Service
in
This
and
1943,
value
2.
$361,262
income..!
on
nation's
income.
on
the
(1,300,000
for taxes:
+318,155
sale
on
1,
dividend
par
Dec.
Northwest Airlines, Inc.—Another New Record—
103,816
loss
4V
record
income
This
$818,759
101,724
$9,907
1943,
wholly-owned
reserves
Net
in
2,012,387
for the week ended Nov. 13, 1943,
41,756,000 kwh., as compared with 38,241,000 kwh. for the cor*
responding week last year, an increase of 9.2't.—V. 158, p. 1941.
Share Corp.
$3,498,935
_
income
Income
based
1943
$810,643
$381,039
•.
or
Condensed
1943—12 Mos.—*1942
$14,163,387 $13,799,768
Other income
$8,497
gain
$578,629
2,139,945
final
a
the
on
July
on
Sept. 30—
Northern
3,572
89,549
337,737
-
of
declared
— —
Electric
1940
$661,377
etc
$685,965
$815,187
FF'F
90,103
income
"'Exclusive
Niagara Falls Power Co. (& Subs.)—Earnings—
Period Ended Sept. 30—
taxes,
562,465
$1,091,805
513,176
989.
income...
Dividends
the
$808,879
expenses
472,951
—
of
3"
fixed
equip, notes, etc.
on
Net
$1,900,000
$809,163
6,018
income
General
holders
taxes
Interest
!H1
1943
income
$1,654,270
totaled
$802,860
—
7,799,276.
$1,672,091
$154,638
Balance
to
102.
•
interest—
and
Other
for
debentures
$9,453,546
7,906,614
municipal taxes...
share
per
$6.49
the corporation
amounted
16
Nov.
paid
p.
bonds,
as of Sept. 30 had an indicated value
of
$21,031,023, compared with $17,981,669 on Sept, 30,
1942.
Net
operating income for the nine months ended Sept. 30, after, all charges
and
39,578,705
'
:
revenues
Interest on
stock.
common
147,657
.
Other income, net——...
'
assets as of Sept; 30, 1943, equivalent to
debenture, $654 for each shore of class A pre¬
$10.66
net
1942
$9,305,889
513,176
to
each
158,
Operating
$614,301
764,500
:
net
$1,000
and
per
dividends,
per
record
Gept.
and
Co.,
1943—12 Mos —1942
$474,985
taxes..
reports
with
Note—The
cents
of
Trust
F $9,493,727
.
profits taxes
provisions
Gross
each
stock
$2,657
taxes
Newmont Mining Corp.—Dividend of 37lk Cents—
Ahare
&
1625.
1943
Maintenance
$1,440,197
476,490
189,014,456 175,713,792
117,748,213 114,191,598
16
Dec.
Depreciation
"'Net
operating
income
Bank
133, p.
...
—
Federal, State and
Operating
Operation
Niagara Share Corp. of Maryland—Quarterly Report
•,
23,073,472
3,257,630
Net
Chemical
North Texas Co.~-Earnings—
158, p. 894.
Gross
jNet
the
N.-'Y.—V.
balance
Period Ended
38,448,722
390,610
at
$2,823,168
$1,978,643
income taxes
—V.
Divs.
g
rev._
oper.
made
dividends
cents
Other
exc.
1942
1'"'
be
$1,199,140
Federal income &
Income
1943—9 Mos.
$
$1,979,471
$1,149,734
...
Telephone Co.—Earnings—
$
12%
corresponding period last year.
1,811,000
1943—Month—1942
for redemp¬
158, p. "1536.
payable
taxes:
The
York
lias called
company,
expenses—I:
;
The directors on
1943 of
15'/2 cents
10,519,868
946,240
income
20-year
New
11.022,344
6,061
Fed.
158, p. 894.
Period End. Sept. 30—
transactions occurred
North Central Texas Oil Co., Inc.—Larger Dividend
Revised.
per
,■
.
successor
other charges-!;..:
Consolidated
$13,343,036
$2,095,974
F
deductions
compares
Not
alleged
—
Preferred
1943—12 Mos.—*1942
7,742,508
$2,089,912
■,
income
Income
Drl3,978
$5,009,442
$40,000,000,
J;-
and
.
4,111,560
593,577
$9,721,980. $13,681,138
8,282,759
income..
Gross
$7,091,017
Drl2,978
1,679
the
_w
1942.—V.
Corporation
income
Gross
1943—9 Mos.—*1942
$10,372,672
1943—9 Mos.—1942
$31,-133,596 $30,548,087
18,157,705
and
$6,831,731
—V.
Corp.—Earnings—
1943—9 Mos.—*1942
deducts.-
and
Lighting Properties (& Subs.)—Earnings
earnings
gross
*Includes
Operating
the
$23,178,827 $22,798,892
revenues
received
1929
84,978
operating
Balance
1861.
revenues
for
Operating
to
following provisions
4,111,560
Note—Operating
New York Power & Light
of
parent
Iowa
1927
$30,000,000
income
Interest
include
4,978,100
Period Ended Sept. 30—
1860.
p.
will
operating revenue
Total
Nov.
July 15, last, and $1 on
payments since Nov. 2,
1931.—•
first
Payment
Gross
Niagara, Lockport & Ontario Power Co. (& Subs.)—
Earnings—
Share—
per
that, since
said
North Boston
512,167
$1
between
9 Months Ended Sept. .30—
4,136,327
taxes
income
158,
Operating
New York Central RR.—Dividend of
for
165 Broadway, New York,
Total
revenue
profits
exc;
Other
The
int..
Balance
p.
1860.
p.
the
as
Illinois
from
alleged wrongful transactions effected by Light
subsidiary, Illinois Trading Co. All the companies
the North American holding company system.
in
are
claim
a
American
trustee,
give effect to adjustments.
Canadian
$939,169
.;
Co.,
that
Power
as
of Dec.
161943, all of the outstanding North American
Funding Corp. 5%% 1st mtge. collateral trust gold bonds, due Jan. 1,
1949, have been called for redemption as of Dec. 16, 1943, at 100%
taxes:
Operating
"■Includes
and
North American Funding Corp.—Bonds Called—
2,424,025
2,095,355
—V.
701,059
$1,016,812
^
us—
the
Iowa
its
Industrial Finance Corp.,
'
income
Net,
declared
Light
6,560,352
1,818,019.
1943—9 Mos.—1942
$1,640,229
686,320
deductions:..
claims
of
Illinois
upon
and
Other
Federal income taxes-
$1,586,285
$1,703,133
incoiue
income
co.——
$5,270,332
54,076
:
Del.,
based
inc.
net
Note—Operating
fpr
1942
$1,649,056
1—_.
income
maintains
any
because
benefits
many
American
Power,
from
it
filing
Co.
Power.
North
and
of
reason
which
from
tion
$1.50;
Fed.
Other
the
Light
benefits
in
Power
to
and
Balance
$5,352,019
3,702,963
deductions..
revenue
of
subsidiary
Balance
1943.
30,
1943.
revenues
operating
_
Dividend requir. 011 pre¬
ferred stocks of corp.
com¬
31,
Jersey Power & Light Co.—Statement of Income
Months
—
—-
Reservation
"
12
__-
Dividend requir. 011 pre¬
ferred stocks of subs.
1940.
p.
and
and
twenty years ago, Illinois Iowa Power was barred by applicable
statutes of limitation in Delaware as well as in Illinois.—V. 158, p.
share
of
last,
March
on
by
brief
prevented
Light
1940.
per
holders
to
Sept.
on
and
of
income
deductions—:.—
Ba lance
ago.
Telegraph Co.—Dividend
&
ten
above
year
a
Gross
Income
123,789,000 cu. ft,,
production of 120,-
above
Light
is
Co.
a
1941.
Operating
output
increase of 900,030 kwh., or 7.57',1
an
Outlawed, Company De¬
SEC
23,450,127
Other income————
•
New England Gas & Electric Association—Output—
For
it
Power
North
93,756,385
and
brief,
70-page
involved
$
65,329,862
—
will shortly call for redemption as of Jan. 1, 1944,
shares of its first preferred stock at §86 per share.
2,500
p.
from
American
which
81,740,971 116,510,656 109,415,295
70,351,793
Power
American
limitations
of
a
and
1943—12 Mos.—*1942
'
Iowa
the
that during the ensuing years "there was no suggestion of any claim."
Illinois
Iowa
has filed
with the
SEC
and
the Federal Court
at
Subs.)-—Earnings—
87,428,181
with
North
$17,100,000 of
158,
4,894,374
of
158,
In
filed
Illinois
the
received
North
of
in'aid
$32,592,425.—V.
1943—9 Mos.—*1942
Sept, 30—
1942.
corporation
total
n
—V.
has
de¬
for
reserve
the
statute
;FF
V: ft
Niagara Hudson Power Corp.
To Retire Part of Preferred Shares—
The
that
against
Wilmington,
$0.69
——
including
adjustments
has
Company
$766,556
$0.70
North American Co.—Claim
clares—
cumulative
$5,435,551;
construction,
p.
Earnings
$120,000;. accounts
utility reve¬
accrued
(26,015
possible
preciation,
1,661,000
1,287,000}
tBalance
for
reserve
$2,427,556
482,000)
...
certificates,
$202,146;
preferred stock ($100 par), $4,653,200;
shares par $100), $2,601,500; long-term debt,
$14,503,000; current liabilities (exclusive of sinking fund requirement),
$875,343; deferred liabilities, $132,832; depreciation reserves, $3,591,424;
*1942
after charges—I————$2,538,421
Treasury
$26,257),
and
,
Corp.—Earnings Slightly Higher—
9 Months Ended
S.
of
U.
reserve
materials
supplies, $166,671; prepaid taxes, in¬
surance, etc., $35,400; deferred charges, $507,989; commission on sale of
preferred stock, $498,482; total, $32,592,425.
,i"-'
common
Total
tless
$154,305;
nues,
,
Nehi
$238,405;
receivable
Monday, November 22, 1943
approved Nov. 9 a Cities
plan, to donate to Ohio Public Service Co,
stock of the Alliance Public Service Co-,
consummation
entered into:
is
the contemplated merger of Alliance
thereof, the following transactions are
..
'
'1.
Power
&
Light
Will
donate
to
-
OPS
all
the
outstanding ; capital
Volume 158
Number 4231
slock
OPS
of
Alliance.
investment
worth
$400,144
for
serve
of
2.
other
the
quenl
have
as
theretoi.
and
to
convey
principally of
all
capital
ment
at
3.
such
by
the
for
OPS
of
of
which
dated
outstanding
subsidiaries
debt
consist¬
and
O.
electric
800,000
Items
hi
carried
are
OPS
will
the
to Power & Light 3,435 shares of its com¬
share) in payment for $343,535 of Alliance's,
Estimated
•'.Estimated
Earns,
12 Months Ended
the
maintenance
expenses,
Provision
for
depreciation
Interest, amortization
Preferred
dividends
Balance
and
of debt,
of
215,425
L-V.
158, p
198,922
taxes
22.967
42,905
of corp
exp.
'
$37,711
......
and
-$29,749;
12
!
895.
Net
12 Months Ended Aug. 31—
1943
revenues
Operation
_,J_,
General
Fed.
taxes
and
....:
and
income
income, net
Gross
income
Retirement
Gross
27,633
.
.
$4,567,342
,
s,
»
,
'•),< it-.•
1;-
/
Net
'
■
Sept. 30-
of
158,
$1,570,185
$2,060,798
770,000
expenses
Interest
on
Coach
Net
Co.
for
not
Fifth
to
;
,
tax.
a.™
of
is
not
subject
to
of
(less
taxes
post-war
of
first
chairmanship
being
interests
notified
of
John
of
that
these
income
5,790
135,000
75,000
$473,833
$2.57
of
owned
period'
by
The
The
hand'
on
$2.03
5,292
—
of
™
Fed.
and
demand
Sept; 30,
1943
of
deposits, $774,380;
indebtedness,, $900,000;
profits
excess
U.
S.
Treas¬
accounts
notes and
receiv¬
taxes
$78,320;"noles
(est.),
post-war
inch
tax.—V.
Chemical
Bank
F.
Corrigan, Executive Vice President
Daly, 120 Broadway, New York, N. Y.,
Thaclier
&
Holders
posed
Ba.rtle.tt
have
receivable
has
been
committee,
of
is
Trust
Adams
Counsel.
asked to take
of
(he
Co.;
&
'■•••'
.
payable—bank—due
July
31,
1944,
'
the
on
and
the
Dec.
1.
March
.
each
Nov.
stock,
15,
declared
and,
1939
dividend
a
value,
par
has
amount
1939,
26,
16
no
like
A
Dec.
on
The
for
John
and
payable
been
addition,
in
and
Dec.
011
of
75
the
26,
14
Dec.
paid each
cents
to
company's
for
since
quarter
paid
company
1941.—V.
158,
p.
extras
1942
;
Gross
59.108,997
19,666,002
17,210,781
income
,J
L-'
52,457,156
*,
....
interest, discount, etc., deductions..
Provision for Federal income taxes—...
Dividends
of
—
subs,
on
cap.
213,685
52,902,980
„„
income
48,226,011
445,824
*,
Bond, etc.,
Net
15,239,749
22,579,021
on
1,496
common-stock/.™™™™;.™-:
1,641
12,522,548
Balance
Earned
—V.
p.
.'
744,033
$*> 12
'
v
gold
of
Co.,
1943,
not
Pacific Telephone & Telegraph
Period Ended Sept. 30—
' \
1537,
trustee;
receive
Operating revenues .1.^ $10,396,861.
Uncollectible oper. rev._
22,500
,
Operating
Operating
revenues—
expenses
.
$10,374,361
-.
Operating taxes
6,021,797
2,730,214
.
.
Net
—'V.
operating
income
158,
p.
income
—
™._
$1,022,350
3,728,494
Interest
Philadelphia,
bids
V,;
and
its
subsidiaries
for
for
the
sale
until
will
it
to
12
of
as
to
the
sinking
thu
125,476,000 kwh., an increase
week last year.—V. 15B;
same
.;•'••.**
"•
"
•:
•
U.
the
distribute
S.
District
$1,710,979
Court
Philadelphia*
at
bondholders
its
among
and
'■
.
'
.
,
•
,
to
basis:
interest
holders
of
1943
of refunding
each
on
each
on
si,000 for
sinking fund gold
5'*
bond.
$1,000
$29,148,000 of 20-year,
of interest
account
■
for
'
6%
convertible,
1943.
•.
debentures
.
3100
per
claims
on
to
unsecured
totaling
company's
creditors
interest
of
account
on
for
$160,000.
petition
that
states
the
$1,710,979
be
can
taken;
working capital account without impairing the working capital
and recommends that the payment be allowed,
is very uncertain at the present time when decisive action
will be taken by the creditors on the amended plan of reorganization,
position of the company,
because
fund.—V.
to
Judge
the
Kirkpatrick
amended
until
April 9, 1944.
^The lust payment
plan
of
the
extended
time
reorganization
for
and
debentures
was
filing
debentures
unsecured
The
been
made
in
creditors
hearing
off
put
the
by
December,
company
its
on
1942, when
under
1
Lober's
Mr.
158,
of
will
be
to
was
be
1942,
interest
the
petition
and
for
due
taken
clue
held
order
court
and
the
for
1,ho ■
full
in¬
1941; $36.50
$3.85
$100
per
1942.
Nov.
with
up
bonds);
refunding
a
but
17
the
has
company'.1,
'
follows:
petition
$3,504,658
suggested the company pay out $8,000,000 a.v
principal of the refunding bonds and $1,095,510-
on
interest,
and
1943
011
interest
account
on
Dec.
petition.
1.
of
the Lober
on
until
month;,;
,
account
on
accept¬
another six
for
,
company paid $100 on each $1,000 of principal, $50 for
terest due 1942, and $35 on account of. the interest due in
M.
Dec.
it
October
in
v
ances
/
Pa.,
$1,457,400
(& Subs.)—Earnings
'/
1943
$1,9.42,432 on principal of
'1943.—V. 158, p 1673.
interest
on
the
debentures-ami
for
——
and
taxes—^
$1,422,806
718,533
737,812
67,097
71,127
2,845
3,132
9
maintenance
59
retirements..
and
deductions
of
subsidiaries—
—
The Fidelity-Philadelphia Trust Co., trustee, 335 So. Broad
St., Phila¬
delphia, Pa., will, until 12 o'clock noon, E.W.T., 011 Dec. 15, receivo
bids for the sale to it 011 Jan, 1, 1944, of consolidated mortgage 3&«
O'w; bonds, series A, due Jan. 1, 2039, to an amount sufficient to ex¬
haust
$630,121
$610,675
319,476
319,615
Net
income
158,
p.
1
$310,645
$291,060
Susquehanna
Transmission
C'o.
Operating-
of
trustee.
p.
Maryland)
1943
—
$4,974,440
$5,276,371
—
revenues
1942
3,020,032
3,283,005
■"Operating revenue' deductions—
L___
Operating-income
Other
$1,954,408
309,346
The
$2,252,226
661,942
——-
P.
T.
Co.
is
required to
such
pay
maturing Jan.
coupons
1633.
Pittsburgh & Lake Erie RR.—$2.50 Dividend—
The
A
$1,993,865
$2,263,754
income
thereto, with the exception of fixed interest coupons, and
coupons, if any, maturing Jan.
1, 1944, which shall
from the bonds before the same are surrendered to thu
detached
I, 1944, upon presentation (hereof/and is also required to pay fixed
interest and income interest, if any, due Jan. 1, 1944, on the registered
bonds without coupons accepted for purchase by the trustee.—V, 158,
Pennsylvania AVater & Power Co.—Earnings—
(Including
by
interest
income
896.
/ 9 Months Ended Sept; 30—
of $76,854.58. at prices not to exceed their face amount.
provisions of the indenture all coupon bonds accepted for
the trustee shall be surrendered with all unmatured cou¬
sum
the
pons attached
be
—V.
the
Under
purchase
!
Balance
Philadelphia Transportation Co.—Tenders Sought—
1942
$1,418,607
Interest; amortization of debt discount, etc..
directors
660,189
stock,
similar
have
$50,
par
distribution
$3.50 paid on Dec.
258,360
declared
dividend
a
payable Dec.
15
made
June
was
on
15, 1942, and $2
on
of
to
$2.50
15, last,
June 15,
record
and
,
share
per
holders of
th«
on
Nov.
compares
19.
with-
1942.—V. 158, p. 1770.
1943—9 Mos,—1942
$8,804,728, $88,314,289 $74,526,580
29,500
194,200
' 279,318
.-/Gross
•
$8,775,228 $88,120,089 $74,247 262
5,949,430
57,796,767
50,347,804
1,649,898
19,723,297
13,891,565
income
Income., deductions
Net
income
Earnings
per-
;
$1,601,811
common
share.
-
$3.53
;
$1,592,036
$3.51
.
Federal
158, p.
1770.
'
income
.
taxes
842,651
'
836,221
"
Airways Corp.—Service Improved-
Period
Panhandle Eastern Pipe Line Co.—Definitive
Debs.—
New York Trust Co.,
trustee, has notified
The
holders of 10-year
reserve
1943
1942
$519,321
$428,27B
336,883
267,671
.
——
deductions
revenue
—
—~———
Sept. 30—
revenues
accruals-™--
End. Oct. 31—
1
Sales
—V.
1943—Month—1942
$2,930,701
—
158,
1943—10 Mos.—1942
Gross
Income
Net
—V.
The
directors
share and
common
the
stock,
011
&
Nov.
Co., Inc.—Extra Distribution—
10
declared
regular quarterly
par $1, both
———
$138,823.
.
44,359
$116,2411
165
7,257
$138,988
$123",496
—~~
—'
—
-
deductions
:~t-
27,337
30,640
$111,651
$92,85).
—__
$2,956,309 $28,070,174 $25,877,249
p, 1537.
(Chas.) Pfizer
income
43,616
——
Operating income —_•—(.-_——:
Other income, net-1
uled
'
12 Months Ended
Operating
Operating
—
Peoples Drug Stores, Inc.—Oct. Sales Higher—
Daily plane service between the United. States and Alaska was sched¬
to be inaugurated Nov. 18
by this corporation. .Previously service
was only
twice weekly.—V. 158, p. 1176.
Porto Rico Gas & Coke Co.—Earnings—
,
Retirement
V.
$1,175,900 $10,600B25 $10 007,893'
990,258
15,453,720
15,068,572
.
full
as
S2.10
,B<
Sept, 30—
other
Minority interest
1536.
Pan American
r-;.
holders of $24,344,700
the
to
1943,
678.
which.ji^; payable
•
./Includes
Net
to
the
over
'
of
exceeding par.'and interest, of sufficient 40-year
certi(mates, series "D," clue 1944, to exhaust
Provision-for depreciation
'
Co.—Earnings—'
1943—Month—1942
and
company
amounted
10'/?/
asked
has
to
this
proposes
$45
capital
'
this
1943
or
$1,710,979 to Creditors—
company
$21
1769.
trust
$100,000
earnings
Operating expenses,
9,330,434
$2 26
nshare__.
cornrno
895.
30,
price
a
1673.
12,5221548.
1,645.334
per
158,
158, p.
Pennsylvania State Water Corp.
21.597,015
1
Trust
12 Months Ended
21,598,656
public
at
for
13,
kwh.,
permission
bonds
,
Gross
11,601,291
19,459,295
J—J
stock held by
48,439,696
10,864,664
Applicable to Pacific Gas & Electric Co.—
22,577,525
Dividends on preferred
stock./™.8,409,643
Dividends
p.
124,545,789
63,406,522
Net operating revenue
Miscellaneous
income
$5,705,515.
$-.//;
135,529,680
„_j
admin,
total,
preferred
(42,500
v
on
that, "present Indications are that the earnings
approximately the same as for 1942 when 25 cents a
earned."—V.
Nov.
sum
output
Nov,
working capital.
and
states
be
Girard
(E.W.T.i.
expenses.-
and
stock
The company's petition suggests that the distribution be limited to
$1,710,979 because of the uncertainties in the anthracite industry
declared.
will
was
The
until
depreciation__^...__..__^„____.„
operating
83,156
1913
petition will be heard by Federal Judge William H. Kirkpatrlcl:
Dec.
1, along with a petition filed Oct. 15, last, by Louis. Lolx^v
bondholder, that a distribution of $8,000,000 be made from the surplus*
of
Pennsylvania Co,—Tenders Asked—
pro¬
the
1943
operating revenue—...
Provision
just
guaranteed
s
Maintenance,
110,180
80,
The
share,
holders
electric
ended
The
to
1943,
Gross
taxes
Sept.
creditors,
.
per
Simpson,
and bonds secured thereby
information from the committee.
Sept, 30—
$82,804
,
from the
Nov.
on
company
1943
share
P,
Pacific Gas & Electric
Co.—Earnings—
12 Months Ended
cumulative
.
for
ac-'
Corp.—To Pay 25-Cent Dividend—
directors
dividend
Thomas
mortgage
they, have obtained further
Sheet,
deferred charges, $156,066;
common
tribute
-
$187,500;
10 declared a dividend of 25 cents per share
on the common
stock, payable Dec. 10 to holders of reccrd Nov 16. A
like amount was paid on. Dec. 15, 1942, and 1941, as against 20 cents
on Dec, 14,
1940, and 10 cents on Dec. 26, 1939.
It is announced that
nearly 110,000 holders of this company's stock will participate in the
formed
under
Co.
Secretary,
action
.
Philadelphia & Reading Coal & Iron Co.—Plans to Dis¬
to
no
(no excess prof its 1
~-
)7
due
not
are
been
modification
&
$185,401:
—
1941.
p.
:
property, plant and equipment (less reserves
$1,763,008). $1,753,704; deferred charges, $27,707;
011
Pennroad
P.
President of
income
11.369,000
re¬
$41,329;
directors
record
Jr.,
Vice
177l'24&
173,682
....
'
^*
Philadelphia Electric Co.—Weekly Output—
The
week
Balance Sheet,
reserves),-$2,028,546;'inventories,.^$2,960,362;
the. common
on
MaJonev, vice dean and professor of law
at St. John's
University School of Law, is composed of Lloyd E, Lubetkin of Seligraan, Lubetkin &
Co., Inc.; John A. W. Richardson,
Assistant
„..»•;
$18,341;
and
1943
excess-profits
The
deductions—
$260,048
stock (6,997 shares, no par).
shares, no par), $42,500; long-term
debt, $3,042,000; current liabilities, $575,773; reserves, $1,135,173; con¬
tributions
in
aid
of
construction, $3,692; capital surplus, $278,172;'
receivable, $92,856; materials and supplies, $179,219; prepaid insurance*
earned surplus, $278,356; total, $5,705,515.—V. 158, p. 775.
Penick & Ford, Ltd., Inc.—75-Cent Dividend—
$338,263
for
stock
committee
a
holders.
other
7,84(1
$359,083
Liabilities—$6
par),.''$1,952.000; common stock »$l par), $182,000; capital surplus,
$1,008,000; earned surplus, $2,009,698; total, $3,564,407.—'V. 158, p. 1861.
mortgage fee and leasehold modified. 4bonds due
are
the
$252,202
10,684
Gross income
$349,850;
1,379.884
$570,988
depreciation of
$1
1948
1,
protect
$348,399
'
*—:
'
346,406
21,591
Broadway Corp., N. Y. City—Bondholders' Com¬
Holders
1,229,421)
income
and
1942
$1,481,630
.
Assets—Utility plant, $4,596,613; cash, $512,091; U. S, Government
securities,; at cash redemption value, $150,329; accounts and notes re¬
ceivable, $92,856; materials and supplies, $179,219; prepaid insurance,'
re¬
i
—3.
one.year,
The
to
1943
$1,676,660
taxes_,__——_1,328,261
and
Balance
$906,321
307,925;
-
101,246
mittee—
April
128,172
earnings
The
150
883,091
152,923
profits taxes—
excess
—
expenses
Net .income
10,445
$359,855
-
Federal
and
Sept. 30—
revenues
■-'Operating
$916,766
49,006
(he
154, p 774.
Operating
$467,451; accrued accounts, $2,128,120; notes payablebank— due in equal installments "on July. 31, 1945 and 1946, $375,000;
reserve for contingencies,
$254,638; preferred stock (25,000 shares, ho
$288,242
$458,175 lor 1942 period, applicable to
Omnibus Corp. in its
operating subsidiaries.
Note—Corporation
34,037'
$767,755
income
31,423
—
$155,626
42,918
94,395
.
undistributed
.
$116,345'
33,254
Peoples Water & Gas Co.—Earnings—
counts payable,
w
-
28,412
$187,050
——————
$873,848
$2,398,272
—
-
——
subsidiary
contingencies:.:.-™.
Liabilities—Note
-
A
74,943'
:
—
——
720,097
4,474.
in
total, $8,564,407.
Avenue
and
,
1942
$495,138
159,595
'
include
864,852
$816,761
payable
—
income
/Does
1943
$1,070,751
_
taxes../__
42,71ft
$87,933'
$112,107
158, p. 1074.
Interest
$2,376,390
$78,320—1943 )
(less
within
(subsidiaryt__,*
income
./'Net
miscellaneous
long-term
income.
Federal
and
•'
income
Year Ended
1942
13,897
certificates
ury
Corp.—Earnings—
General
—V.
etc.,
Assets—Cash
able
9 Months Ended Sept. 30—
Income—dividends from subsid'aries...
43,847
—....
income
"Includ. Fed.
4,099,806
$2,412,168'
,
income
fund
Omnibus
accruals
$5,693,751
8.069,287
administrative, expenses'
taxes....
for
504,65).
'
Earnings per common share
592,165
1941.
p.
1943
$11,310,529
35,778
interest
1942
$635,290
non-consoli¬
„™_
™
income
Provision
,
'
Common stock dividends
——577,500
—V.
Net
Subs.)—Earnings—
operations—
income
fund
$2,652,963-
592,165
stock
common
(&
—
income
State
income
Income deductions
2,
—
—
Consolidated
Balance for
owned
Oct.
-
JL'JJJ.—
sold
886,093
,
_
Gross
„
;Federal; excess profits
$3,539,056
$2,162,350
_
ended
income
•
FcderaI
Net
income
Preferred stock dividend requirements..
earnings of partially
three months
charges
Minority
855,220
„
!
■
Gross
1,545,217
$3,017,569
„
$3.00
Net
front
reserve
Operating income
Otherincome.net
$9,278,000
($3,11
credits
Income
$5,084,273
1,549,773
*
deductions
.
Net
$5,056,640
30,291
-
reserve-accruals......—
income
Income
-
1,234,000
profits taxes
exc,
Retirement
—?
-J
2
:Tncl.
Profit
1943
$609,327
453,373
'
......
1673.
goods
Income
856,410
2,623,000
$4,537,051
Fed.
Oct,
Sept. 30—
Operating revenues
•"Operating revenue deductions-.
1943—9 Mos.—1942
'.j.$l.l3,
300,398
901,385
State inc.
Operating
Other
1942
351,871
Peoples Gas Co.—Earnings—
12 Months Ended
the corresponding
Selling, warehouse and
$12,796,245 $11,221,754
4,382,938
3,774,307
Maintenance
the
an
extra
dividend of
<
mold-made
j
sales
Of
"Penicillin"—
.
all
undistributed
9 Months Ended
Cost
of
drug.
A
contract has
been
signed
with
National
Corp. for the installation of machinery used in the process,
on
the project will begin
immediately. It is expected that
the. unit will be in operation by Feb, 1, 1944.—V. 158,
p. 1941,
quarterly dividend of 40
$T,455,000 $11,655,000
Parkersbui'ff Rig" & Reel Co.
$29,143
.'/•■•
Output
work
Other
Oklahoma; Natural Gas
Co.—Earnings—
Operating
and
subsidiaries for
V. 158, p.
600
—$37,699
the
par $1,
$4,268,000
*$1.14
•:
Up
Research
partially, owned non-consolidated subsidiaries for the nine months ended
52,230
42,905
a
cents.
is
and
Sept. 30. 1943, as against $1,953,000 in the same period in 1942.
tOn 3,752,126 shares outstanding on Oct. 2,
1943.
:fOn 2,901,650
shares of common stock outstanding us of Oct.
3, 1942, after providing
$189,048 for dividends on the then outstanding first preferred stock for
the quarter and $567,144 for the nine months'
period ot that year.—
26,165-
"52,379
—/—.v
Net -income
.
1942
subsidiaries
Int., amort, of debt diset.
■
and
consoli¬
1943, as against
period last year, and includes $1,906,000
representing the corporation's share in: these undistributed earnings of
$349,971
retirements
interest
$927,000 in
1943
etc., of subs
.parnlnftS
shr
combined
dated
$371,386
-
the
charges including estimated provision for all
Federal normal and excess profits taxes.
Includes $532,000 represent¬
ing the corporation's direct and indirect net interest as a Stockholder
(& Subs.) -—Earnings—
Sept. 30--.
1943,
Earnings for 3 ancl 9 Months Ended
per com.
•'After
in
Gross earnings
1,
1943—3 Mos—1942
by redemption, in accordance with the indenture, tbe
remaining $18,415 of such bonds, the only securities of Alliance held
by the public.-—V. 158. p, 1536.
Ohio Cities Water Corp.
Dec,
date declared
same
the common stock,
on
cash
retire
Operating
the
on
share
per
5'r
in
On
$18 000.000, comprising $2,theatre subsidiaries, $5,200,000
domestic
,
issue
$100 per
(par
mortgage
amount,
1943.
2,
approximately
consolidated
payable Dec. 29 to hold¬
ers of
record Dec; 10.
This compares with
quarterly distributions of
30 cents each made from Dec.
29, 1942, to unci including Oct. 1, 1943,
and 25 cents per share previously each three months.
sinking fund bonds held by Power & Light, plus
equal to the unpaid interest on such bonds to the
■date of: transfer.•
; Such bonds will then be cancelled and retired,
along'
with $74,040 of such
bonds now owned and held by OPS.
Ill addition, an
aggregate
of
,The .directors
cents
AU'ance.
to
Jan,
debt, of Canadian
as-..
outstanding
The property, plant, equip¬
Alliance vv.ll be recorded by
such
will
debt
since
15
Step
announced that the new high vacuum diffusion
process devcloped by National Research Corp. of Boston for
speeding the production'
of "penicillin,"
urgently needed by the Army and Navy, will be Used
by Charles Pfizer
Co., Brooklyn, N. Y., to step up its output 0:'.
theatre subsidiaries payable in Canadian dollars, and
$10,000,000, the sole debt of the parent company, which matures annu¬
ally during the years 1949 to 1958.
dis¬
will
OPS
the
of
To
Directors
dated
transfer
all
extra
Increases
—
011
Nov.
12 authorized the prepayment on
Dec. 1 of
$2,000,000 of (he company's debt, making a total reduc¬
tion of approximately. $13,000,000 in debt of the
company, and consoli¬
subse-I
will
plant
surrender
cancellation.
the
p. 775.
Reduces Debt
—
Quarterly distributions of 35 cents each were made on March
10, June
10 and-Sept. 10. last. '
Payments during 1.942 were as follows: Sept. 10
an
initial of 35 cents; and Dec.
11, a quarterly of 35 cents and art
the
additional
an
such
franchises,
are
2055
'It
The
to
business
all
Alliance,
of
prece-'
'
>
Broadway,^Jew York, N. Y.—V. 158,
Paramount Pictures, Inc.
Dividend—
,
recorded
its
or
Alliance
and
generating
and
the
(subject
of
be
reserve -to
OPS.
1943
course
assets
City
replacements
at
of
30,
liquidation,
Alliance
amounts
proposes
stock
first
June
ordinary
electric
of
for
at
properties,
or ;near
Alliance
same
of
OPS
mon
of
In
its
stock
common
acquisition
steam
a
in
reserve
the
accounts
all
such
account,
debentures, due June 15, 1953, that definitive debentures
replace'the temporary debentures at the office of
ready, to
bank, 1U0
Immediately there-'.
capital surplus to a re¬
application against
from Power & Light
as
2:,4rf>
now
19431.
from
plant
the
in
the
liabilities
stock
and
OPS
:
the
the
Alliance.
tribution., system
sunn;
of
occurred
OPS
30.
for
liquidated
after
capital stock of
ing
be
to
acquired
ownership
will
June
transferred
things,
properties
Alliance
changes
be
other
among
in
cesser
will
at
as
possible- -adjustments
available,
cost
record the donation by charging; to its
Crediting to capital surplus $460,144 (the net
and'
account
after; .the
,
will
books of Alliance
per
THE COMMERCIAL & FINANCIAL CHRONICLE
dividend
of
—
158, p. 896.
'
-
'
■
■.»
cents
per.
35 cents per share on
the
25
income
payable Dec. 6 to holders of record Nov. 22.
Philco Corp.—To Break All Records—
Production
tially
exceed
and
all
sales
of
previous
this
corporation
records,
even
this
after
year
very
should
substan¬
substantial
price*
:
2052
THE COMMERCIAL & FINANCIAL CHRONICLE
reductions
of
as
against
cents
efficiency,
executive
each;
and
15
according
James
to
payable Dec.
$3,
par
cents
12,
13
12
and
expenses....
share
Net
record
holders of
to
June
on
per
Other
Sept.
28,
cents.—V.
20
158,
oper.
$41,648
70,911
communic.
Service
Co. of
No.
Operating
Ord.
1943
1942
$39,147,573 $37,369,401
18,667,277
Maintenance
1,675,924
State, local and miscellaneous Federal taxes—
3,339,981
3,434,513
Federal income taxes
1,445,000
1,499,000
Federal excess profits taxes, less post-war credit
2,742,300
2,368,800
Prov. for deprec. and write-down of intangibles
4,158,000
3,555,000
—_
operating income
income
*$25,877
*$25,877
211,749
109,869
1,289,692
Net
ord.
ordinary
Deducts,
net
Net
—•—
*i
$6,168,887
48,233
$6,305,391
-—————.
72,411
-——...
income
earned
transf.
'Deficit.—V.
%:
Net
The
class
its
$6,217,120
Per
3,879,273
3,888,269
Per
preferred
common
months
$16,992
of
nine
1943,
by
for
and
in
$1,958,086
$100
—V.
1943, provisions for Federal excess
$603,000
provisions for depreciation
and
increased
were
amortization
of
purposes.—V.
war
the Revenue Act of
upon
the
correspondingly,
on
of specific facilities
cost
Balance
$145,191
values
198;
accrued
bond
158,
share...,
of
for
each
265.58
202.17
21.01
1538.
'
,
21.45
(loan
The
the
directors
common
stock,
Nov.
30.
June
15
paid:
March
87W
Nov.
on
no
Sept.
1943—9 Mos.—1942
Operating
revenues—
'Open exps.- and taxes
1943—12 Mos.—1942
$20,712,407 $18,849,041 $27,524,493 $25,181,358
16,392,993
14,591,326
21,596,542 ! 19,127,507
operating
Other
income
income
$4,319,413
contiibutions
59,701
Drl0,415
83,776
$4,379,114
$4,247,300
$6,011,726
$6,007,600
deducts.
2,316,421
2,384,481
3,107,306
3,251,339
$2,062,693
$1,862,818
$2,904,420
Bond
dividend
a
of
$1
and
Sept.
15,
cents each;
37Va
and Dec.
&
Curtis
Int.
other
and
provision
local
Federal
Fed.
taxes
Series L to
inc.
and
offered
2,199,612
of
927,900
1,641,511
1,077,716
65,000 3 V2 %
0
due
Nov.
1,
1947—
share on the
70,000 3 V2 %
P
due
Nov.
1,
1948
capital stock, par $10, both payable Dec. 15 to holders Of record Nov. 19.
175,000 3 V2 %
Q
185,000
share
125,600
tax—
shown
as
previously
49.400
Dec.
above
for
such
158,
31
1942
were
cents
of
16
2,747,718
1,665,700
periods differs
declared
the
record
follows:
and
directors
(1944)
Jan.
of
50
from
of
quarter
of
Nov.
29.
A
June
31,
30
and
31,
31,
cents.
25
declared
of
dividend
a
fourth
March
Dec.
also
holders
to
record
the
income
net
30
the
Sept.
Maintenance
last.
30
was
Payments
Period End.
monthly dividend
cumul, preferred
158,
for January
stock, payable
1177.
p.
net
1.876,506
1,440,627
91,425
1,109,728
1,100,459
2,545,419
2,654,953
$7,993,878
Dr2,126
6,281
26,788
67,489
$511,157
$8,020,666
$6,452,170
206,372
278,631
3,072,322
3,350,240
$232,526
$4,948,344
paid
__£
t550,000
550,000
$4,398,344
purposes
Federal
income
give effect to the provisions of the
the respective periods.
Federal income
result of
redemption of
The
companies
cess
profits
do
Revenue
taxes
deductions claimed
first
not
and
refunding
consider
that
taxes
for
Acts
they
restated
applicable
for
1943
tax
provisions of
during
have
substantially
arising from
April, 1943.
liability for ex¬
any
in
per share paid Sept. 13, 1943, in order
such payment having been made in accordance with
the plan for recapitalization.—V.'158,
p. 1862.
Period Ended Sept. 30—
Operating
expenses
1943—Month-r-1942
revenues
1943—9 Mos.—1942
$5,678,349
$6,296,168
416,603
390,753
3,738,715
4.072,277
share
6%/
$220,851
'7,207
Operating income.—
inc., non-commun.
2,772
$1,939,634
64,313
49,327
$223,623
$2,003,947
82,273,218
*5,639
*5,269
'34,461
*6,992
$204,451
8,739
able
Jan.
income
Extraord.
\
$218,354
$1,969,486
$2,266,226
28,643
79,375
income,
$195,712
$189,711
$1,890,111
2,854
2,280
1,258
9,543
$1,999,017
$195,712
$192,162
$1,891,133
earned
38,050,000
54,200,000
$2,452,869
$2,581,100
$8,456,601
$0.34
$0.37
$1.23
also
of
facilities.—V.
emergency
declared
the usual
Dec.
made
April
were
holders
to
2,
July
made
26,500
1,218,700
1,362,400
$60,562
$165,662
$672,433
$633,575
158, p. 1538.
Railway Express Agency, Inc.—Rail-Air
Express Upcargo
moved
in
combined
rail-air
service
in
declared
the
cumulative
convertible
of
usual
totaled 34,664 shipments, an increase
of 26.7%
over August a
year
reports the air express division of
Railway Express Agency, which
handles cargo for the nation's commercial
airlines.
these
report
shipments
increased 47.4%
compared
with
indicated.
Rail-air
airline
point,
or
either
move
and
per
Dec.
shares:
common
record
stock,
10.—V.
Dec.
series
158, p.
both
A,
pay¬
1283.
Express
part
originate
at
or
are
August,
destined
to
(& Subs.)—Earnings—v
—
702,545
—_—
—
'Estimated
Net
4,859,552
821,905
$6,493,569
—.
$3,365,408
16,789
i
payable
debenture discount
for
provision
Federal
and
the
an
157,970
——_
income
_
taxes
—
1
.
23,936
4,000,000
1,200,000
—$2,389,745
4,010,000 shs. cap. stock
$0.60
share on
for estimated
interpretation
corporation's
are
bonds in
coupon
in
or
at
time
any
part
106%
at
and
to
descending prices. All call¬
less than 30 days' prior
not
on
interest.
of
'
sinking fund commencing Nov. 1, 1953.
bonds will qualify as legal invest¬
a
these
counsel
banks in
together
1958.
from
the States
with
of
are
Maine
and
New Hampshire,
personal property
from
exempt
amount
an
equal to the value of these
other
excess
of existing
profit taxes
laws
and
of
%
funds
$3,675,000
will
be
used
first
3 % %
mortgage
retire on or
to
about
like amount of first mortgage 4% bonds, Series K, due
The non-callable Series F to J, inclusive, $500,000 prin¬
of
amount
first
3l/2%
mortgage
annually
Roman
Oct.
1,
Catholic
bonds
1944
of
to
the
1948,
corporation
inclusive,
sole
remain
Bishop of Portland
Catholic
Bishop of Portland is a body politic and corpora¬
sole, organized and existing under the laws of Maine.
The cor¬
poration sole, as provided by such laws, consists of the person holding
the
office
that
in
of
Roman
office.
his
to
Catholic
Property
in
successor
Roman
of
all
the
upon
the
regulations.
not
Portland
Bishop,
his
to
Portland,
131
of Maine
Catholic
of
all
to
of
real
property of
is held by
properties,
chiefly
the
corporation
include
the
convents
and
the
of
mission
sole
of
and
42
mis¬
Bishop's authority
that
state.
Sole
sole
with
title
convents,
the
in
exception
which
to
is
the
Bishop.
in
mortgaged
are subject
properties owned
The
131
security
as
churches,
126
for
rectories,
the
60
bonds
schools,
churches.
also
certain
owns
miscellaneous
real
prop¬
religious
properties,
cemeteries,
residental
and*
and unimproved land, all of which are to be subject
property
lien
of
be
Portland,
42
consisting
business
to
in
corporation
erties
sole,
Roman
religious corporations which
or
to
toy
over
following:
Cathedral
The
sole
the
in
successors
law.
Catholic Church situated
corporation
and
the spiritual jurisdiction
to
The
the
hospitals
independent clerical orders
only
the Roman
Maine
his
corporation
at
parishes
and
population
Property of the Corporation
Title
the State
and
as
heirs
presided
comprises
now
entire State
Roman
of
the
of
and
Diocese
Catholic
includes the
over
Bishop
rights
office
Bishop of Portland,
It
extends
the
mortgage
the
securing
bonds.—V.
158,
1477.
p,
Rose's 5, 10 & 25-Cent Stores, Inc.—Oct. Sales
$0.51
based
sale
a
maturing $100,000
outstanding,
Roman
the
Period End. Oct. 31—
provision
inclusive
whole
in
thereafter
at
provide for
proceeds
1,
$2,045,854
Sales
1943—Month—1942
$1,095,930
r_
Up—
1943—10 Mos.—1942
$987,253
$8,101,091
$6,972,180
—V. 158, p. 1538.
Debt Reduction—
notes
16
The
1942.
$1,000,000,
now
from
of
advance
in
16,
for
note
has
corporation
retired
1945
16,
retired
was
were
1949.
to
filed notice in Los Angeles, Calif., of the re¬
maturity of $5,000,000 of its 2% notes issued
original amount was $7,000,000, of which one
to
have
maturity,
matured
March
16,
last.
$1,000,000 annually on
Royal Typewriter Co., Inc.—Registrar—
The, National
for
March
9 Mos. Ended
Gross
Roanoke Gas
Cost
Co.—Earnings—
12 Months Ended Sept. 30—
Operating revenues
revenue
Retirement
deductions—
$555,961
:
366,630
353,285
—„
accruals—
reserve
Other
income,
58,528
$139,006
Gross
income
24,205
—.
of
goods
Net
profit
Net
deductions
income
$147,497
Z)r3,788
$143,709,
83,010
85,904
————————$80,202
——
\
Rochester Gas & Electric
Operating revenues
t
Operating
income
Gross
'
Net
income
'Includ.
—V.
Fed.
1942
158, p. 776.
896,364
income
675.621
$7,365,646
$7,141,828
178,321
——
,
income
and
120,696
150,583
surtax—————
profits
excess
tax
Prov.
261,000
268,000
5,107,000 % 4,832,000
41,000
56,000
—
•
profit
Dr54
and
debt
150,000
—
%—
$1,864,271
/
$1,887,425
retirement, credit and post-war refund aggregating $567,in 1943 and 1942, respectively.
Note—No
provision
of
the
made
for
company's
Balance
any
which may result
liability
from
sales contracts.
Sheet,
Sept.
30,
1943
Assets—Cash, $6,452,303; U. S. Treasury certificates of indebtedness
cost), $550,000; accounts receivable met), $2,142,285;
inventories,
prepaid expense and deferred charges. $92,427; post-war
(at
$3,873,142;
$4,256,303
$3,504,331
——~_—1,290,065
1,283,957
refund
to
$2,220,3.75
1,755,500
1,687,600
of
excess-profit^ taxes,
wholly-owned
plant
$2,966,238.
profits taxes—
inventories
—
renegotiation
$3,504,385
5,236
and excess
of
'
assets
__
$7,194,008
,
income; tax——
for post-war adjust,
52,180
£—;
$7,543,967
„
normal
State
,
$20,117,536 $18,800,018
15,866,470
15,295,632
$4,251,067
—
income
expenses—
operations-—--———
Federal
'Less
—
—
—
etc.
1942
$25,081,380 $23,666,285
16,819,369
15,848,837
000 and $537,000
—————
income
deductions
1943
allowances—
&
deductions
Net
1943
—
——
—————
income, net—
Corp.—Earnings—
returns
administrative,
from
-*•
Other
Steel
disc.,
Income
■
Corp.—Earnings—
.—.———-1
deductions
revenue
*
registrar
1771.
#
other
158, p. 1075.
'Operating
appointed
p.
$57,804
———
—
been
158,
sold————.————
Miscellaneous
'Federal
$163,211
——
has
stocks.—V.
55,178
————
net—
less
sales,
Total
income
York
New
preferred
Sept. 30—
1942
$564,164
—- ——
Bank of
and
Selling, general,
1P43
;
City
common
Rustless Iron &
due
1075,
p.
the
The
'Still outstanding of the debt is $1,000,000
158,
next.—V.
at
off-
by rail.
Coordination of air and
rail schedules link the 23,000
off-airline offices of Railway
Express
to the 350 U. S. and Canadian cities
served directly by the nation's
airlines.—V. 158, p. 1942.
way
net
1943,
$3,427,760
120,613
adv.
:
per
sole
and
redeemable
savings
1,
62,352
$6,510,358
notes
profit
Earnings
1945,
bonds
V
to
Purpose
42
of
£%%%%%■
as to principal only.
Series L to
original purchase yields plus various
redeemable on or after Nov. 1, 1943, at
are
corporation
31,
860,290
853,017
(net)—.-——
—
105
the
at
the hands of individuals,
imposed by Maine laws, and
The
by
——£
debentures,
pricte of
a
1, 1943.
held by a Maine savings bank is deductible for the
purpose of
computing the franchise tax imposed by Maine laws on savings banks.
$51,656,659 $38,185,821
—
and abandonments——,.
income
at
Nov.
of National Shawmut Bank, Boston,
Series L
and, in
taxes
sions.
1942
taxes $50,954,114 $37,325,531
oil
services
income
2.80%
—
1963,
registerable
redeemable
opinion
for
ments
option.
accrued
V
Catholic
1943
charges
1942
with
the
pass
7,475,588
hole losses
1953—
1,
1,
from
tion
quarterly dividend of $1.50 per
preferred stock and on the
preference
.
and
2.60%
2.70%
—
1.943;
$1,000,
last.
2,
Oct.
1.
21,663,368
Income
shipments
2
record
32,786,057
Amortization
Nov.
Nov.
accrue
at principal office
of
are
Nov.
convertible
prior
State & Fed. gasoline and
on
1,
Series V bonds
bonds
In
August
ago,
on
1283.
p.
Selling, admin, and general expenses— ——6,545,311
Depreciation, depletion and amortization
4,978,705
to
surplus—_
express
of
the
on
12 Months Ended Sept. 30—
Air
158,
quarterly dividend of $1.50
20
on
payments
revenue
Total
Nov.
are
Oct.
payable
were
also
revenue
of
the
of
bonds
operating revenue
Net
due
V due
£££
bonds
stock,
holders
Non-operating
U
3V2%
as
Series
$1.61
Other
Dry
3% %
$10,653,221
share,,
excl.
-V.
'Deficit.—V.
option
$1,995,975
135,150
inc..
transf.
18,400,000
Sales,
Income
income
8,450,000
and
6.501
403
chgs.
income...
(est.)
6%
sales
1952
premiums.
1943—9 Mos.—1942
3,008,117
Richfield Oil Corp.
of
1,
inclusive
notice
(& Subs.)—Earnings—
9 Months Ended Sept. 30—
Cost
Nov.
3V2%
at holder's
The
Gross
due
including Oct.
11,369,385
following
to
T
denomination
267,209
income, Cr;„
Extraord.
Net
1
Operating
net
of
Air¬
Dividends—
the
on
Operating
Gross ordinary income
from
American
$2,223,891
$210,090
Deducts, from ord. inc...
Net
director
assistant
as
1951.
$1,265,000 due serially in various amounts
each Nov. 1, 1944-1953, inclusive, and $2,410, due Nov. 1. 1963.
Interest
payable May 1 and Nov. 1 at First Portland National Bank, Portland,
U
2,668.937
cumulative
March
$217,297
Ord.
Deducts,
this corporation
President.
1941, has resigned to join
Dated
Mass.,
Relations,
15,308,638
directors
March
$611,604
—_
revenues-
ordinary
Marchev,
1950—£.
1,
Me., trustee, or
Public
of
income...,
the
tirement
$633,906
Other communic. income
Net
director
1943—3 Mos.—1942
amortization
are
bonds
Communications, Inc.—Earnings—
oper.
158,
983,261
com.
'Includes
Operating
Net
as
1,
Nov.
distribution
since.—V.
none
1771.
p.
distributions
1942,
The
RCA
Initial
An
last;
3,842,475
common
Similar
In
purposes
mortgage
taxes.
reduce arrears,
1.
23,
2.50%
„
Nov.
due
Interest will
cipal
$2,551,929
been
1949-
1,
due
S
and $2,410,000
stock,
844,615
directors
the
Interest
have
tExclusive of dividend of $2.50
to
Dec.
on
Alfred
joined
February,
inc.
net
per
The
$3,101,929
dividends
to
the
by
debt
taxes
Declares
$6,384,680
—
a
Dec.
capital
5,177,878
Fed.
prof,
'Includes
1,551,523
$385,329
as
who
158,
funded
cn
for
Prov.
1,320,363
128,044
2.30%
R
210,000
the
on
operations $16,925,362 $25,806,837 $64,484,176 $79,230,723
deplet. of
;.;%■%.%
'%%%
and
Interest
7,978,058
124.718
$591,701
comparative
reduced
record
declared
$20,990,037
232,055
—
.
Balance
the
1943—12 Mos.—1942
$504,876
amortization
preference
'For
(& Subs.)—Earnings
Nov.
1.90%
—.
.
3 V2 %
157,
'
April 2, 50 cents; and July 2, Oct, 2 and Dec. 21, 25 cents each.
245,792
Balance
Prior
been
Macdonald
16
plants & equip.
prop.,
20
30,
$593,826
revenues..
Balance
&
of
Sept. 30—
lrom
'Deprec.
in
Sept.
and
due
1.20%
—
1.65%
—
195,000' 3 V2 %
15, last year.:—V.
made
93,812
taxes—
Other taxes
Interest
has
made
was
Nov.
in
Relations
Consol.
155,109
115,740
Other income,
holders
to
on
Inc.—V.
Income
payable
year,
$1,853,252 $24,002,503
772,134
9.036,345
808,334
income
on Dec.
Pay $1 Dividend—
share
per
share
Macdonald,
Public
on
15.—V.
$2,012,613
revenues
oper.
14
per
announced
was
share
per
:
1943—Month—1942
Depreciation
Net
$1
resignation of T. W.
Earns,
cents
the
30,
June
cents;
,,
usual
Dec.
25
similar distribution
Puget Sound Power & Light Co.
Period Ended Sept.30—
'Federal
cents
776.
The
Operating
Operation
of
Dec,
cents
exc.
of 50 cents per share on the 6%
14
dividend
payable
1382.
p.
for
March
on
as
each;
The
stock
holders
to
issue
Nov.
on
common
this
on
30 cents' per
1
Reo Motors, Inc.—To
475,784
1,665,700
2,092,418
reported.—V.
directors
the
on
per share was paid
of
30
200,000
Public Service Corp. of New Jersey—Dividend—
The
cents
Republic Steel Corp.
profits
provisions for Federal income and excess profits taxes (includ¬
charges in lieu thereof) for periods prior to Jan. 1. 1943, have
restated
for
comparative purposes, and consequently the net
income
20
semi-annual dividend
of
able
The
ing
usual
dividend
1949.
its taxes:
been
the
extra of
An
Mr.
Normal and surtax
Excess
and
extra
an
are
1.00%
per
declared
12
prof¬
excess
1944
1,
1945—.
lines,
Fed.
Nov.
due
1946
(normal
lieu
inc. and
2,092,748
1,276,411
taxes
in
1,681,225
L
3 Va %
1,
Nov.
inclusive)
To Yield
p.' 897.
Republic Aviation Corp.—Official Resigns—
surtax)
Charges
inclusive.
V
first mortgage bonds (exclusive of Series F to J,
at the following prices;
These
1,
The
1,698,694
Bishop of Portland—Bonds Offered—
Goodwin, Inc. and Paine, Webber, Jackson &
offering $3,675,000 first mortgage 3 V2 % bonds,
Nov.
misc.
—
$713,903; other reserve, $1,109;
reserve,
Nov.
on
first
$50,000;
construction, $48,949; donated surplus, $1,143,$1,228,518; total, $5.293,556.—V. 158, p. 680.
due
for
and
par),
of
due
directors
de-t
liabilities,
N
The
$15,197;
York
Water Service
$134,113; deferred
New
to
current
M
taxes:
State,
due
no
3'/2%
p.
:_<.££%
income
Net
Includes
supplies—priced
etc.,
are
15,
$2,756,261
—
—
$1,610,000;
$350,000;
shares,
60.000
Dr46,250
£
——
income
aid
and
insurance,
55,000 3 '/2 %
A
Gross
in
earned surplus,
$5,927,951 ' $6,053,851
$4,257,715
(2,000
liabilities, $13,629; depreciation
333;
$50,000
p.
Net
bonds,
materials
taxes,
$5,293,556.
stock
account),
13.24
per share on
value, payable Dec. 15 to holders of record
37Va cents each were made on March 15,
last.
In
1942, the following dividends were
15
158,
;
miscellaneous
$5,025,729;
of
15,
16, June
cents.—V.
declared
$98,525
'
-
par
Distributions
and
17
831,875;
prepaid
total,
Roman Catholic
Public Service Company of Indiana, Inc.—Earnings—
Sept. 30—
$1,292;
5%
mortgage
Corp.
,
262.19
...
share
p.
available
assets
Oct. 31. *43 Sept. 30,'43 Oct. 31.'42
$238.54
$240.33
$206.82
intangibles,
revenue,
$29,589;
charges,
Reliance Insurance Co. of Phila.—Extra Distribution—
Period End.
utility
cost,
average
lerred
folows:
as
Sheet, As of Sept. #0, ,1943
lncl.
86,762
•
$124,375
in¬
special deposits, $1,052; cash, $101,622; U. S. Treasury
certificates, $20,000; accounts receivable (less reserve of $3,868), $67,~
at
market
£„£—.,——....'
—
and
£.%
158, p. 679.
plant,
39.
$185,287
83,029
————_
————
Assets—Utility
1943;
profits taxes for the
excess
based
are
of
intangibles
5-year
deemed necessary
income
months
reduced
of
the
Federal
Sept. 30,
were
write-down
account
for
ended
profits taxes
and
companies:
$218,855
Raybestos-Manhattan, Inc.—To Pay $1 Dividend—
the first
For
$2,328,851
$2,498,529
affiliated
1942.
Note—Provisions
1942.
592,195
income
$185,247
$207,404
—
deductions
Net
465,624,
169
—
$737,386
900,010
153$.
outstanding securities
1942
$650,871
$207,234
—u————
income
vestments
reports
company
of
$6,377,802
■
from
revenues
in
$2,744,383
nine
—_
income
'Includes
$1,118,865
67,000
$38,750
1943
taxes—.444,641
income
Liabilities—Common
.—
.
charges
$83,992
'
141,890
Railway & Light Securities Co.—Asset Value—
;_££——————-
income
interest
750
to
158, p.
earnings
Total
Corp.—
$651,876
and
$738,136
2,970
$180,640
inc..
surplus—.
Per
Gross
Net
*$165,675
903,811
$1,121,835
2,292
income.
from
$83,992
Service
revenues
expenses
Income
$182,932
inc..
Water
Years Ended Sept. 30—
Operating
—
*$167,857
Ontario
;
Operating
Other
*$28,817
'■
Net
11,646
non-cummun..
inc.
'$165,675
'$179,503
—
_______—
,
Net
—
taxes—
19,264,607
.'—•£—£—1,892,294
—-——
Other
578,701
income....
Deducts, from
.
—'
——
and
expenses
533,423
1862.
p.
Illinois—Earnings—
9 Months Ended Sept. 30—
-Operating revenues
Operating
63,069
Lake
&
Earnings—
$413,026
inc... V.446
Gross ordinary income
Public
$353,920
*
*$29,263
revenues...
Rochester
1943—9 Mos.—1942
$37,192
13,
March 12, 1943.
Payments in 1942 were
cents; June 12, Sept. 12 and Dec. 12, 10
on
25
Dec.
made
were
cents
20
revenues
Operating
of
America—Earnings—
1943—Month-r-194^
Period Ended Sept. 30—
Operating
dividend
a
Radiomarine Corp. of
T.
committee.
declared
distributions
15
March
follows:
as
stock,
Similar
27.
last,
the
Nov.
on
common
Nov.
increasing
of
Dividend of 20 Cents—
directors
the
on
and
Chairman
To Pay
The
Navy work to give the Government the benefit
Army and
on
methods
new
Buckley,
Monday, November 22, 1943
facilities,
amortized
patents
over
subsidiaries
$454,065;
five
years,
$959,000;
not
fixed
amortization
(nominal va'"*), S2;
total,
(Continued
investments
in
and
advances
consolidated,
assets
$388,741;
emergency
(including
$3,826,522
being
reserve
$19,745,119.
on
page
$1,558,121), $4,833,153*
'
'
'
2086)
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4231
158
2053
jbl
Stock and Bond ^ Sales
DAILY
NOTICE—Cash and deferred delivery sales are
cc»
Ilew York Stock
WEEKLY
-
disregarded in the day's range, unless they are the only transactions of the day. No account Is taken of such sales
United States Government Securities
Below
the New York Stock
on
Exchange
YEARLY
-
in
computing the
range
Daily Record of
a
S. Bond
U.
Treasury
j
iViS, 1947-52
;
Nov. 13
Prices
'
Nov. 16
Nov. 15
Nov. 18
Nov. 17
Nov. 1!)
Daily
of
D.
8.
Bond
Close
Total sales In
Price9
2'As, Dec.,
Low
kClose
Total
$1,000 units
High
[Close
Total sales in
sales
Total
$1,000 units—
100.4
100.4
100.4
—
100.2
V, 100.4
100.4
100.2
in
100.2
—
100.2
100.4
100.4
100.4
2
$1,000 units
14
100.2
7
1
1
1
-
a
<
100.4
100.4
100.4
24
5
100.16
j High
[Close
100.15
100.16
100.16
Low
100.15
—
100.15
3
1
LOW
•'
■
*'.'.•••
Close
"t
$1,000 units
High
2V4S, 1954-56
High
Low
Close
Low
3y8s, 1949-52
Low
' v.;'-' V;,:- i
Total sales in $1,000 units
vCiose
Total sales in
$1,000 units
High
V-.W
Low
3VeS, 1946-49
sales In
♦
2'As, 1952-55
'High
Total sales in $1,000 units..
Close
High
Total sales in $1,000 units
2s.
1947-—-
Low
-
Hign
3s, 1946-48
Close
Low
—
Total sales In $1,000 units-
.Close
Total sales in
High
$1,000 units—
2s, March
[High
A
,
Total sales in
1948-50
Low
Close
111.13
j Low
3s, 1951-55
111.13
[ClOSO
A';-;
Total
sales in $1,000 units
:
"
High
111.13
$1,000 units..
2s, Dec.
1
1948-50.
Low
Close
High
Total sales In $1,000 units
Low
2%s, 1955-60.
High
Close
Total sales In
2s, June,
$1,000 units
[High
1 Low
[Close
2%s, 1945-47
Total sales in
1949-51
Low
Close
-
Total
sales
in $1,000 units
[High
2s,
Sept.,
1949-1951
1
$1,000 units
Low
[Close
Total sales In $1,000 units
'High
*
Low
23/4s, 1948-51
High
2s,
[Close
Total sales In
Dec.,
1949-1951
Low
■
$1,000 units
Close
Total
High
sales in $1,000 units
—
High
Low
2%s, 1951-54
2s, March,
Close
Total sales in
Low
Total sales in $1,00G units
'
(High
i Low
[Close
Total sales In
1950-1952.
Close
$1,000 units
"
23As, 1956-59
2s,
Sept.,
Total
sales
;A-AvA;-
Low
2s, 1951-1953
$1,000 units
100.5
100.3
sales
in
100.3
$1,000 units
3
High
Low
23,
1951-55.
LOW
Close
Total sales in $1,000 units—
Total
sales
High
in $1,000 units
[High
Low
2s
1953-55
j Low
Close
Total sales In $1,000 units
[Close
Total
sales
in
$1,000 units
_
[High
[High
Low
l3As
1948
j Low
Close
Total sales In
5
[High
Close
1948—
100.15
[Close
Total
1945.
100.15
100.15
j Low
•_—
'High
2%s, 1960-65—
100.15
100.15
2
Close
sales In
100.15
{
In $1,000 units
[High
2%s, 1958-63
[High
Low
1950-1952
[Close
$1,000 units
•
2'/a 8,
100.2
100.2
2V«s, 1951-53.
[Close
2%s,
100.4
Nov. 19
—-
Low
Total sales In
Total
100.4
Nov. 18
High
[High
.
100.1
Nov. 17
[High
{ Low
1964-1969
Total sales in $1,000 units
$1,000 units-
3'As, 1944-46
.
100.2
York
100.4
100 2
Nov. 16
100 2
in $1,000 units
2%s, 1967-72
Low
3%s, 1946-56.
100.4
1 Close
$1,000 units
sales
rHigb
Total sales In
Nov. 15
100 2
the New
[Close
Total
4S, 1944-54
on
Nov. 13
[High'
—_•{ Low
2'/2s, June, 1964-1969
Low
•
Record
Treasury
[High
year.
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonas
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point. (See note below).
furnish
we
for the
[Close
$1,000 units
Total sales in $1,000 units——
[High
—\ Low
2%s, 1949-53
[Close
Federal Farm Mortgage
Total sales in $1,000 units
High
[High
j Low
2%s, 1950-52
3'As, 1944-1964
Total sales in
Total sales
$1,000 units
[High
103.25
Close
Total sales in $1,000
103.25
units
3s,
Total
Home
[Close
[r -
$1,000 units—_
3s,
f High
sales
Owners
In $1,000 units
Loan
series A,
1944-1952
Total
I Close
sales
in
$1,000 units
l'/as, 1945-1947——
'High
[High
Low
[Close
Total
$1,000 units-'-
sales
•Odd
.Close
sales in
Total
lot
NEW YORK STOCK
LOW
Monday
Saturday
$
per share
•56.'A
HIGH
57'/a
*
per share
57'/a.
57'A
112
•109
112
49
•46
49
•45'A
46
53%
•109
•51
53%
*51
53%
•45'A
53
9'/a
19%
109%
110
*109 'A
45
'A
57%
112
2%
5%
110
5'A
*108
2 '/a
2
5%
110
9%
9%
9%
*29
9%
9%
29V2
*9
*29
19
5%
*109
18%
700
39%
5,800
5'A
112
0
A
5'A
5'A
K? 1111/2
1
2 Va
1%
22%
23%
22'A
23'A
22%
23 '/a
22'A
23
23
35
24'A
35
35
35/a
37
27
257/a
26
69%
69%
69%
9 A
9%
*8%
2 5'A
25%
70
10'/a
149
146
•14
14 y2
28%
For
30 %
footnotes
25%
9%
145
*14
29'/a
see
26%
70
*67
26 '/a
*67
10
9%
145
146'A
27
70
9%
147
26
y2
*68%
9%
145
2
23%
9%
147
14'/a
*14
14 >a
*14
14%
32%
32
35%
35
37%
page
2063.
*
23
/«
146'A
*14
34%
2 %
2
24%
147
14%
36%
5%
*110% 112
23%
•10
registered bond.
;
2%
60
10,700
100
16,500
23%
»
25
23%
24%
38
38 %
1,600
25%
26'A
5,100
*68%
69%
70
9%
800
147
*14
33%
147
14%
35%
Range for Previous
STOCK
Range Since January L
Lowest
Highest
Par
Abbott Laboratories
—No
preferred
Acme
Steel
Adams
17,900
4,500
2,100
...
161,600
Air
51% Jan
108
Co
9
35% Jan
23
Dec
43
Jan
18
39
5
57 Va Sep
7% Jan
6
13
25% Feb
par
10
.100
—10
Jan
3% Jan
1
Dye
Allied Mills Co Inc„_
No
—
Mar
16%
Dec
29%
Apr
41%
Dec
3
61
Jan
69
Oct
7ya Apr
6
1% Mar
4
Nov
1
69% July
& Jan
7
Jan
11
Jan
11
18'/a Jan
11
Jan
15
7
Jan
140% Jan
5
10% Jan
No par
112
25
par
16'A Jan
Dec
1
2
Kid Co
Nov
76% Sep
2
Allen Industries Inc
8ya
26%
Sep
48% Jun
5'/a Jan
13
Jan
Apr
Jun
21% Mar 30
5'/a Jan
64
48%
5%
18%
8
5% %
pf A with $30 war
100
pf A without war
.100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd——.100
Dec
8
Jan
85
Apr
7
32% July 13
51%
28
14% Jan
38% Jan
67
5% %
&
113
May
No
Inc
Chemical
Mar
41'A Jan
Albany & Susquehanna RR—100
Allegheny Corp.._
1
Allied
May
31
par
Alabama & Vicksburg Ry._
Alaska Juneau Gold Min_
Allied
37
104
Par
No
$ per share
3
No
Corp
Highest
I per share
29
115% Sep
52
1942
July
63% Mar 12
4
Nov
par
Year
Lowest
$ per share
f per share
.25
No
Express
Reduction
par
-100
Abraham & Straus
Address-Mutigr Corp
18%
39%
*69%
71
YORK
Adams-Millis
39%
22,%
•68
of
EXCHANGE
300
69'/a
23
35
200
3,600
39/a
23
36
10
29%
NEW
4%
10
69%
23
*35 Va
600
39 %
22%
36
transaction
Shares
71
39
*67
*22%
36.
for
112
53%
19
2
*109%
*52%
30
>18
*108
112
57%
47 %
*29
40'A
*109%
57%
*45'A
9%
69
57
47 %
19
40
57
$ per share
53%
29 %
69
sales,
RECORD
the Week
*45'A
9%
40'/2
t per share
Sales
Nov. 19
*51
18%
69
Friday
Nov. 18
45'A
29%
5'A
Thursday
53%
*51
9%
40
5%
2
57'/2
19%
*67
69
5'A
112
per share
29'A
•19
40'A
40
•67
"109
$1,000 units..
STOCKS
Nov. 17
9'/2
29
19%
Wednesday
S
in
PRICES
29'A
9'/a
29
SALE
Nov. 16
per share
57
57
AND
Tuesday
Nov. 15
Nov. 13
$
{
-
'•
Low
1963-1968
Low
•(
[Close
■! Low
Total sales in $1,000 units-
2»/2s,
1
j Low
[close
-
[High
Total sales in $1,000 units
2'As, 1962-67
in
1944-1949
2
[High
•( Low
2%s, 1956-58
100.25
100.25
f High
103.25
Low
2%s, 1952-54-
100.25
Low
Close
Close
19
9
8
4
Oct
10
94%
Feb
%
Oct
25
3%
Apr
6%
Nov
25
25
31% July 2
75
May 26
11% Jun
4
3%
Apr
6'A
Nov
3'A July 14
:
32'A Sep
31% Sep
45% Sep
165
July 15
14% May'22
37% Nov
17
9%
16
3%
Apr
118%
Apr
10
May
11%
17
Jun
May
67% Nov
Apr
,
22%
Jan
Jan
73%
Feb
7%
Dec
149
12 y«
Jan
Jan
16% Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
2054
NEW YORK STOCK
Saturday
Monday
Nov. 15
Nov. 16
$ per
I per
share
9 per
share
Nov. J
9 per
share
i
9 per
share
14
13%
14
13%
Sales for
NEW YORK STOCK
Nov. 19
the Week
EXCHANGE
I per share
share
1474
Shares
13%
14
*9272
93
93
93
933a
94
94
95
95
95
2,100
33%
34
33%
3474
3334
34%
3334
34%
34
343a
8,000
18%
187
1834
1834
18%
18%
183 b
183b
18%
18%
19
19
1334
a
274
2
287 a
*29
*1%
2
*1%
2
2
2
17b
137b
2
143b
*17b
274
317V
*30%,
31
29
29
3034
31%
757V
7534
757b
7534
7534
75%
76
76
a
29
29
29
28 7V
29
28
28%
28%
29
2834
60 74
61
60
61
60%
617V
61
61%
61%
62
627V
*"281
157a
60
1574
1574
15
60
60
57)
59
7
7
9i:\
7 V,
*36
:
•357V
377a
1767
;
63
4,300
American Airlines
1,200
American Bank
15%
1534
60
7
7%
36
36
131
132
nv„.
827V
81
81%
81%
8234
174
17474
174%
734
174%
827V
83
30
30
29%
30
297a
30
28%
2934
29%
29%
29%
307V
64
637V
637b
627 V
62%
62
6214
62
62
63
63%.
1,400
22
313
MOO
*19 TV
111
109%
105
1043b
105
104%
10574
23
*19%
23
*19%
*197V
*19'a
23
97 V
1574
143b
14%
*100'2
10274
72
781
10%,
153b
15%,
1007V
102 TV
1027V
957V
1117V
92%
2%
23a
274
*877
2234
4%
4%
53b
37b
4'/«.
92
9
2234
4%
43 b
71
70
7474
73
731,
7.1%
72J
14 7 V
1574
14
173b
15%
163b
143 b
153a
65
6374
64
6434
65
317V
317V
307V
31
317V
31%
*3 7b
374
3
3 7b
3
*39%
40%
*40
407/a
40
40
40%
*
67
66%
67
67
*65 7V
*62
65 'V
667V
4
4
4
65
*62
65
*62
8
8
4
*62
,
.
77b
*5%'
67a
*5%
•447V
467V
117b
1174
10%
11 7'4
73
717 V
73
%
12%
1234
12%
137b
7V
237V
12
173b
36,600
66
66
f
31%
663'4
6634
6634
7%,
8
5%
37b
45
7%
7%
6%
57b
6
44%
107 V
11%
1034
11
11%
11%
7174
7174
7134
71%
72%
2,700
13%
13%
13%
127b
13
13%
13%
% 3,200
45%
357V
*34
34%
2
274
237b
23 7 b
41
417V
4034
4434
41
37%
417V
36%
397 V
8%
834
83b
83b
V
8%
19,900
preferred.No par
preferred-——--—No par
Am Rad & Stand San'y—No par
Preferred —1
—100
*167
172
*165
171
*165
.6t'v
American News
12
12%
12%
1234
617b
62
6134
62%
S6
1,080
*1374
13%
*1374
1334
133b
13%
400
*14%
143 b
14
14
14
28 3 4
14
1334
*13%
1474
14
v
28%
287 V
29
38
287 V
377V
37%
37%
36%
37
3634
149'4
14974
*14874
149
148%
149
*148
149
*38 5b
39
39
39
150
*146
150
28
28%
27
27
27
4,800
•
27%
.
14974
1497V
14974
14%
1674
.*15%
*26%
27
27
56'
56
*5 7V
4 7b
287
•197V
2074
*19%
*9 7 b
10
*9 7V
•
673
67%
v
*7274
75
*35%
*727-1
36 'V
2074
*19%
*115
*9 7b
2 7a
500
.
■;-
3514
■97V
4,,,
36
*9%
974
9
V
*834
147,,
143 a
147b
14%
*16 7b
16%
16%
28
27
267V
1547b
54
553b
1397V
'77 V
734
403b
53a
88
41
534
1393b
87V
118%
5%
*118
*85
534
6%
68
68
4
4
4
48
*45
47
*45
69
6
S5 prior, conv
28
27%
273b
27%
2774
27
10
4%
69
737 a
36
•9%
974
*19%
97b
*2
2074
116
*115
-
44'V
43a
.
*19%
,
20
*115
19%
116
*9
10
9%
2%
*2
*44
93.4
23V
44%
*115
447b
43a
*2
447b
Mining
27
320
Anaconda Wire &
Cable
19%
200
Andes
!
2%
4%
4%
68 7V
697V
6834
6834
6834
7334
*7274
733-,
*7274
3574
357V
3574
353i
35%
36%
*97'a
9%
*9 7b
9%
*9%
93b
834
834
434
8%
9
9
110
108
*107%
109
108
12
11%
11%
117V
12
113b
1134
1134
127 b
9134
9134
*90
92
913,
92 %
9074
9074
90
9034
90
90
:
85
*84 "
85
*84
*38%
3974
*38'V
*10634
107%
*84
'
3834
3834
107
107
51%
8472
26
26
5174
51%
513 b
83
83
20 Tb
267V
27.74
267a
29 31
293-,
*29%.
2934
29%
2934
30
30%
62
*55 7V
60 7b
58
53
60
61%
*58%,
267a
108
10%
10%
54
58
*647 V
15%
.
*13
•
8%
67
37-2
153b
*1087V
15
634
33b
734
74
37V
70
3 3B
57
115
1087 V
*13
634
*53%
68
33b
26%
108
10%
5474
26
1077V
10
*5334
26%
2534
52
26%
107%
107
10 7'a
10
10%
54
53%
x25%
1077V
5334
57
54
55
55
115
'110
115
115
*13
IS
*13
72%
37V
73b
66
3%
7%
70
,
7%
68
16 7b
800
\
300
54
400
6%
57
4V'
490
10
68
conv
Corp—-
Atlas Powder
54
14
conv
.
-No par
i
preferred... u..
_ _
-
Atlas Tack Corp
77V
Austin
10,600
•
70
S3
1,240
3%
3%
163b
163b
167 b
19,200
5%
5%
5%
8,500
-...—100
No par
No
Nichols———
par
No par
of Del (The)..——3
prior A———
Aviation Corp,
16,000
.
Refining————25
pref series A
——-100
._V_
5
preferred—,—.
50
Atlas
5
Jun
35
Sep
Apr
56
Dec
Jan
2
May
Mar
37
17b
25
7
2
40% Nov
23
12%
Dec
7%
Nov
4
May
16
2334 Mar
Apr
263b
Jan
3'a Mar
}2
Jan
■157b
Apr
2674
Jan
12 TV
Apr
Apr
22
Jan
334
674 Nov
.
14 3V
Oct
Dec
35
TV Jan
43
May
357V May
Jan
136 7V Jun
3
31
29
25
14874 Nov
144
163«
93b
73V
15
15
2
36 74
Jan
973b
Jan
Jan
23
Aug
13434 Jan
10174 Apr
337V Apr
34% Apr
4934 Jan
50'*
Jan
Apr
3%
22
1433b
Jan
Apr
Apr
73b
Nov
33%
Dec
10874 May
1%
4
Oct
21% Jan
7834 Mar
120
Feb
12
13
Jan
Mar
1774
Oct
Mar
2134 Nov
Jun
1167V Jan
4
Apr
Dec
Apr
383a
Jun
6834
123
15
9%
8574
63a
Jan
97V Nov
1327V May
29
Apr
37V
57
Jan
59%
434 Mar
634 Feb
24
165
12
1427V Jun
97V May
52% Apr
5134
Nov
7074 Feb
Aug
53b
Jan
763b Jan
57b Jan
50
Jan
223b May
283b Jan
24
30
Jan
17
Jan
Dec
123b Mar
107
1127V Mar
May
73i May
1
12%
Mar
Oct
l%July.
273a
Apr
27V Sep
42
Sep
36
407V
Oct
66
Jan
21
Jan
3334
Dec
23b
47b
434 Oct
July
82
474
53
77
Jun
Oct 20
20
TV Jan
83
Jan
8134
.
634 Jan
Apr
617 V Mar
Sep 27
July 24
July 22
Jan
8% Nov
Apr
May.
79
Dec
677V Feb
5% Mar
July 22
Jan
Jan
283b Dec
1007V
Dec
277V
Jan
53
607b
Jun
727V Oct
Oct
1934 Jun
26
20
27
13
29
34 Vs
Oct
163V
May 26
Oct
Oct
May
Sep
May
Sep
July
Jun
Nov
Aug
Aug
Apr
Feb
119
Feb
213a May
Aug 31
May
Jan
Apr
113%
Apr
8
May 4
Mar 23
Apr
1
Aug 18
Jun.
1074
9 TV
Dec
36%
68
28%
113%
1334
Dec
Jun
7
Jun
37a
38
Oct
674
39
947V
393a
107
677b
907b
Jan
327a
63a Sep 20
5
4
Oct
3%
x36%
75
Sep 18
83'V Sep 28
4034 Jun 5
103b Jun 26
1074 Jun 5
110
Oct 4
15'V Jun 28
977V July 21
2
9
2
Dec
3674
147V Apr 7
3% Feb 27
473b Sep 23
24% Nov
9
19
Jan
8
44
Jan
4
1834 Jan
7
106
Mar 16
63b Jan
4
50% Jan 14
52
Jan
9
113
Jan 12
7% Jan
7
2% Jan 21
287V Jan
5
37« Nov
9
—100
Line RR—
Coast
4234
35 7V Mar
2
Jan
Jan
27b May
15.
l
4
7
1
29
10
29
29
8
2
Jan
4434 Jan
66
Jan
Atlantic
4,700
1087V 115
29
Dec
Dec
Dec
257V
29% Apr
7
237V July 35
116
Mar 18
Jan 20
100
Atl G & W 1.88 Lines
1
5',4
non-cum
preferred.-—..—100
190
7
374
16%
6,700
5,500
*13
70
3%
Atlantic
103a
57
'*
73b
33b
.
•
54
5534
■
1,200
25%,
preferred—.....
100
-——100
....
preferred
———100
Atch Topeka & Santa Fe———100
5% preferred
—
100
107b
14.
8%
10,100
8334
_u—
5%
1077V
*107
115
15
5274
preferred
Assoc Investment Co——No par
30
28
54
*6%
200
83
*8234
I'x: 2d
110
3974
83
58
*
84%
1st
6'V
83b
2
10 74
5434 Mar 30
31% Apr 8
9
92
Feb 27
674 Jan
4
727V Jan 11
59
Jan
7
-
17V Jan
6
Sep
Jun
Jun
Apr
Nov
Oct
May
Oct
Oct
Jun
Jan
,
4974
2
11
Jan
" 634 Jan
43b Jan
Associated Dry Goods———.1
360
108
2534
547-t
15
*10634
503b
108
107'a
115
84
*38%
3974
108
52%
*54
*57 7V
8434
*38 7V
2674
107 V
*127a
*84
*10634
8434
*10%
*108%
39%
26
267 b
25%
59
84%
107
51
627V
*107%
108
*38 %
84
31
31
*583b
2634
26
*1077V
*84
107
283 b
267 b
6274
3914
60
2,900
•
523 a
*84
31
31
*59
85
107
1,400
;
85
513 b
5274
84
107
108
46
49
30
Armstrong Cork Co_—_—-u.no par
Arnold Constable Corp———1—5
Artloom Corp—
-——No par
7% preferred——100
1,500
108
12
_..5
of Illinois
prior preferred——No par
preferred 1—
,
100
Jan
79% July 21
774 Apr
7
4
Dec
Jan
883« Nov 12
8sb Julyl6
2
7% Nov
25%
Jun
-
1238 July 1
493b Sep 20
121% Aug 2
2
5
Dec
Nov
Nov
3
187/b
63;% July 15
65% July 14
14634 July 23
9
1674
aa
32% Aug 11
7
100 %
.
3 74 May
15874 July 22
5
Dec
22% Jan
Dec
5% Nov
Jan
Jan
34
3
86 conv
1,600
774.
9
110
12
i
;
33
115
5
Oct
7%
234 Apr
43a Oct
45
Apr
1517V Aug
7 293b May
157a Oct
177V July
113,7V Jan 20
97b Nov 17
174 Jan
5
No par
Copper Mining-.
^—20
Paper Co Inc——
——5
Daniels Midl'd—No par
Armour & Co
10,200
69-
110
110
A
Archer
7334
12
110
P W
200
400
1
45
247a Nov
24
Jan
167b Jan
No par
$5 div preferred
934
Jan
4
Anchor Hock Glass Corp——12.50
400
116
.
423b Jan 11
—25
—50
Anaconda Copper
*103
:
preferred
15,800
*7274
4%
5574 Jan
Amer Zinc Lead & Smelt—.——1
4,800
47
25%
par
No
Woolen—
161
2
.——1100
..No par
Preferred—--'————
157b
18
32%
47'b
2
2
33b Jan
53:% Jan
3% Jan
—No par
Elec
preferred
American
700
47b
1st
v
12.934 Jan
2
63^ Jan 14
32
Jan
6
11534 Jan
8
100
-
Water Wks &
S6
1,200
243b
2074
Am
200
preferred
Jan
431 a Jan
25
preferred —-b~———100
5%
100
70 7
18
1674
163b July 14
.69% July 24
21% Jan 14
Type Foundries Inc——10
American Viscose Corp——
14
15,900
88
6
68
?
^
Tobacco
173
1
127 74 Jan
427v Jan.'
—100
——25
Amer
5,500
119%
57V:
5%
88
53 b
42
41%
Dec
Jan
May
7% Mar
3b Jan
5
Oct
474
483b
457V
11%
177V Jan 14
91
No par
Tobacco—
Common class B—^——
'6%
4,800
41
par
—100
—
Telep & Teleg Co——
American
'
500
8
247b
116
Amer
6,100
-
Sumatra
Am
22,800
..
7%
*85
53V
55%
139
41
11534
54
55
Preferred
8,200
,
No
Stove Co
American Sugar. Refining——100
500
■
:
54
55
4
67%
American
1397V
734
8874
5%"
American Stores———JNo par.
500
29
nourcum
800
156
Mar
103
Oct 27
47
82%
157V
107b
'2.7.3b
125%
36
3
3534 Jan
2
1417V Oct 11
193b Jan
6
113b Mar
9
12
Jan
2
Steel Foundries-——.No par
Amer
1,100
27%
25
preferred.-V—100
300
26%
1543b
53%
54%
139
11834
*118
26%
1447b Feb
Buuff———.—
3.600
110%
*110
155
53
547V
138%
277b
111%
110
Mar
May 27
17% May
10 7b Jan
2
54
Jan
2
8% Jan
6
1234 Jan
5
27
Jan
5
367V Nov 17
100
-
,
16%
*27 7b
*110
,7%
—-
-
:
147b
1674
11034
American.
30
23%
28
155
54
233b
24%
2
*727,
233b
Preferred
310
1,000
24 7V
45
69
,
23%
7,200
•
Feb
154
Rolling Mill-————25
—100
American Safety Razor.
.-18.50
American Seating Co .——No par
Amer Ship Building Co——No par
Amer Smelting & Refg—No pur
4%%: conv preferred-:
570
38
24%
2
43b.
683
*146
23%
37%
24 3 0
45
74
150
26%
*45
10
3574
834
834
68 74
39%
15474
47%
24%
*273r
*9 7 b
97 V-
*9%
6
11074
*45
28
47 b
4%'
4%
6734
53 b
89
28
4
46
*45
•;
46
14%
*16
%
4'a
2434
27a
27V
#2
*45
:
2374
4
116
*115
116
*115
*67 %
48
*273a
i
5%
43b
247 V
119
57V
68%
*45
■:
413b
*87 7V
6
24 7 i ■.
7%.
*118
53b
68%»
5674
139
4034
11834
4
48
*2734
42
89
47 u
24%
73b
53b
:
69 %■'
*46
734
57 V
5 s it
54%
"55%
138%
■*87 7 V
89
*6774
5674
1177 V
5%.
57V
*867V
.
*
27
15574
54-%
55%
41%
11834
*118
*26
7%
42
42
110%
154%
139%
56
734
7%
110%
155%
55
140
*146
1674
273a
138 3 4
5634
567V
140
1674
27
154
,
14%,
14%
27
11034
*26
3974
23%
167,
*1093b
154
*26
153%
-
27
27
1107 b
*109 la
148
23%
1434
14%
*16
*14%,
148
,
247 b
24
23%
23%
146
146
146
*1457V
40
40
4172
*40
41
*40
37%
—
American
.
'
149.74
..No par
Co—
$5
171
1274
„
100
preferred—.
May
5
203V Jan
May
May
92
66% Sep 20
9% May 6
77b Feb
2074 Jan
4
11634 Jan 29
x26
Jan
4
,0U Jan
2
1834 Jan
2
16% Jan
4
6 7e Jan
2
Amer Power & Light——No par
62
37%
—No par
15,000
127b
28 3,
& Metals-——No par
21,100
617
377V
Mach
21,900
127 V
.
Amer
2%
62%
;
2
393b
12%
.
-
73-4 Jan.'-2
44%
62
2
68
Nov
8
12% Jan
7
73b Feb 11
37
8%
Jan
39% Jan
42
1274
143 b
2
-50
377b
834
Jan
7334 Jan
3% May
407b Jun 22
37% Jan
1
434 Jan4 2
—
42
8%
33
14
6
70
5
37
2%
4'V Apr
7
Locomotive——No i""
Amer Metals Co Ltd—
90
-
5
5% Jan
41%
83b
Oct
May
15
July 14
Jun 17
Apr
1
Jan
35
Amer
•
.
.
4
—1
42%
35%
627V
*14%
111—
Co of
38
23b
176
69
Jun 16
537V Jan
par
3634
*3434
127b
14%
No
35%
62%
14%
23b Jan
8734
26
78%
367a
.
Jan ,6
Jan
6
Feb 23
preferred
100
Mach & Fdy Co_—No par
80
V
127 V
1334
7
39
30
par
2%
125
627V
*1374
Corp„
12
Dec
7434 Dec
Apr
105
.
2
467a Jan
1
734%
125
.
8
1% Jan
;
——100
preferred
conv
-7',c
-
800
1274
13%
preferred
Internat
•Amprican
1,600
6274
*13743
No
Ic<>
non-cum
5','c
—
23 b
87 V
172
*167
171
*167
172
8Va
24
Products
3574
274
834
87 V
*734
24--
334
Mar
16
2434 Apr
7
1167V July 23
,
.
8
127%
35
44
38%
7%
24
13034 Feb
,
557V May.
4 ,,11234 May 10
1
24% May 20
2274 Nov
No par
*125%
27 V
37%
734
*23%
5
22
6% Jan
PovveiC
41
35
23b
7%
23%
127
*125
127%
*34
2%
27b
7%
8
7%
.
2234
Apr
Apr
20
474 Jun 10
10
Apr
5
29% May 18
9
May 10
100
.
Jan
Jan
33
Apr
1117V Nov 15
Co————20
•
American Invest
16,200
717V
72
*125
125
125
Oct
563b
1
2
Amer
400
«
113 b
*44
Nov
159
July, 10
80
8
6
5,400
45%
45%
45% Jun
-
131 Jan
200
77b
*44
-6
Oct
49
17b
185% July29
17 %
Nov
974
4
91% Jul v. 15
2
9
\
63b
23
Aug 18
974 May
153b Jan
Distilling
American
1,300
i
*5 7b
57b
i
63
7%
■■.
:■■■;
Jan
134
58% Dee
Apr
120
4334 July 14
:
4
Oct
Nov
33b Mar
1134 May 6
183a Feb 25
104% Jun
2
American Home
.
2,200
4
37b
*61
2. '
63b Jan 26
14
Aug
2
977V Jan 27
200
700
2,500
407b
37a
8
96
Feb
19% Feb
900
32
*40%
63
9% Apr
.Chjple,.par
Am Coal Co of Aliegh Co N J
25
American Coloriype Co—.10
American Crystal Sugar———10
.6% 1st preferred-—100
preferred————No .par
$7 2d preferred A——.No par
S6 preferred———————No par
American Hawaiian SS Co——,-10
American Hide.& Leather— .—1
6','c com preferred—
50
11
24
*2374
.
34
*167
16
*3%
4
109
-$7
2,900
*45
.
7%
7%
125
125
:
'
8
8
23
45%
*45
75
3%
.*60
3834
1874 Jan
—.100
.
72
3
preferred—
conv
Amer & Foreigii
27,300
407b
37 b
62
6
*5%
5
*3
8
■
'
4,300
3134
6634
1
2474 Jan
.
100
Tiling—-—-1/
Amer European Secs-j.
—No par
American Export Lines Inc
1
100
2374
*40
67
331
62
64
71%
73
674
3
407b
8
9
62
par
.
657V
31
76% July
18
July
607a Nov
20."
Jan
707V
24
Jun
5
American .Encaustic
2,200
16%
*63
31%
3
4
*3%
7%
7%:
317 V
72
157V
66
*64
37 a
*70
.
82,900
9
4%
71
1,800
2%
*8%
22 34
4%
5
18%
Dec
Mar
18%
13
Sep
Ame^
1,500
i
96
2%
9
*8%
2.7
34
Jan
71% Jan
American
1027V
8574
2%
—
ib Aug
11
43
317V Oct 29
7
867a Jon.
Jan
17V Jan
257-4 Apr
57b Jan.
173
.
1007V
*
96
13
Jan
273b Jan
par
Chain & Cable Inc——No par
5
•
410
23
*15%
22%
%
^
1.0
153b
2%
Fdy
....No
preferred
non-eum
r
Am
.
30
157V
102%
*100%
1,800
:
1057b
934
23%
23
4
*19%
-7'
Nov
81
'
2234
110
105%
93b
*15
2%
*8 TV
9
23 74
23
23
2
2 74
*108
23
95b
95
88
102
*8%
87V
87 V
9
23
*
*100% 1027 V
*10074
a
22%
37b
9%
15%
15%
274
V,
'2
*108
974
9
8%
*87b
22%
109%
105
8%
*143b-
22
111
10674
105.
23
22
"
110
113
*111
1067 V
221V
22
223o
22
227a
2134
22
Mil
•
19 3a
4% Jan.
—100
American Car &
14% Apr
2
47
——25
——
—
23% Sep 21
23b July 22
Jan
33b Jan
Can__
Jan
7
1273a Jan
Preferred
5,000
64
No
Co
307b
14
preferred—100
conv
American
2,900
V 660
'
174
173
Amer
12,900
Corp—
Apr
Jan
Cable & Radio Corp.———1
5%%
140
{
Bosch
Apr
July
22
8% Jan
50
1
63b NOV
04
52
iu
—.;——,
4
16% Sep 18
96%. Sep ,15
137V Jan 20
Note—————10
Brake Shoe
Am
1,100
;
8 7b
Inc,
preferred
American
3,200
36
131
7%
6%
330
73b
36
Highest;
9 per share
share
43 74 July, 10
2
x67
23
Agricultural Chemical-No par
$ per
7
6 74 Jan
6% conv preferred——
50
Petroleum Corp—LNo par
Amer
597 a
Year 1912
Lowest
9 per share
7334 Jan ' 7
Amerada
1,100
15%
176%
175
900
59
8
734
700
78
130
1317 V
•130
30
67 a
36
36
V
30
*76
5834
7
6%
83b
80,' a
82%
17634
1757V
i
36
*15
59%,
*59
131
8%
8%
82%
82%
82
176 V,
35%
*129
131
874
87',
874
36
*129
131
129
7 74
7
1574
1574
1574
60
*15
■>,.
9 per share
267 a Jan
17% Jan
7b Jan
Alpha Portland Cfem_———No par
Amalgam, Leather Co Inc1
600
28-%
75 V4
'
Par
;
Allied Stores Corp——
No par
5% preferred
——.——100 '
Allis-Chaimers: Mfg———No par
4,600
700
7574
"20
lv,
\
3434
93
Range for Previous
Range Since January 1
Lowest
Highest
■
33%
1334
^
-
<
Friday
14
*92%
STOCKS
.
Thursday
Nov. 1,8
Wednesday
Tuesday
Nov. 151
RECORD
SALE PRICES
LOW AND HIGH
Monday, November 22; 1943
34
Jan
33
Jun
45TV Jan
Mar
14%
237V
Apr
9934 July
634
4634
28
Apr
43
7
Dec
Jan
116
Jan
May
May
7
Apr
97b
174
3 74
157V
Apr
Apr
234
Jun
8
Jan
51
70
v:
111
14
24
1
4
4
Jan
109% Feb
Sep
31
Jan
Dec
Dec
4 TV
Jan
14%
Jan
B
5
.
574
8%
83b
163b
1534
■
5
574
87 V
834
97V
*9
1674
167V
16
5%
57b
5
5 74
87V
•
83b
87b
83V
*9
974
9
59
59
59
59
59
597V
*59
217V
217 V
2174
22
217 V
22
*10
1174
*107V
12
*10
*44%'
457V
*44 7b
457V
974
*83-1
2034
12
*10
*44%
457 V
*44 7V
1574
157 V'
15
15%.
1574
157V
147b
16 V4
1674
15%
16
16
16
157b
*2474
2534
*2474
•247V
25
*24 7V
*30 7 V
313b
317 V
*30 TV
313a
*1057V
'25'.
ir'
97V
*9
*29 7 V
32
*105'"*
109
10 %
101V
*10534 1087 V
9
9
'
*10%
9
32
*29%
*105
*29 %
109
105
103b
127s
*12
337b
Fnr
11%
12
337-2
333a
3334
footnotes see
page
*10534 1077a
1074
X1074
£063.
33%
9
32
103
10%
9
59%
217 b
•11
457V'
15%
87b
*29%
*10 7a
8%
8%
8%
8%
Baltimore-& Ohio
;
4% preferredu.
Bangor & Aroostook
5,400
■9%
9%
10
10%
1,200 '
597V
617V
61
61%
560
20%
21
11
11
*44%
457V
14?b
15%
21
,
Conv
*44%
45%
.15 :
153b
5,500'
157/e
16%
16%
167 V
16%
2334
233*
24%-
247V
31%
317 b
700
8%
32
110
*31
*105%
8%
*29 7 V
*103
10%
*10%
.107-4'
103a
10
1074
337 V
33
3374
■
31%
1077a
9
32
110
10%
3,500
;
*1057V 1077V
8%
*29%
*103
*10%
2,100
9
.
32
110
10%
t
100
-
300
■
33
10%
10%
11
3,200-
33%
337 b
3374
5,500
.
^^-100
—50
-100•
10
.No par
.-50
—i._
Corp——
9%
6
Jari 2
l43bApr 6
574 Jan
2<
,'12% Apr 39
34-74 Jan
6
61% Nov 18
12
Feh 9. ; ; 287.4 July 14
5>%Jan 13, ' v153b Sep 21
30
Jan. 4 : .-47
Sep 20
12% Jan%2 ;
19% July 19
/
137V Jan
7
203b Mar 22
23% Jan
7
x29 • May <.7
2434 Jan. 16
337V July 19
10534 Aug 12, xllO
Sep 9
10% Sep 15
' T43b Sep 24
25-34 Jan 25
33% July 13
93
Jaiv 25 .114
Aug 28
.•47V
Beeph'-Nut Packing Co—
,—20
Belding-Hemingway—4—No par
Bell. Aircraft; Corp——v1
Bendix 'Aylatiop--;—i.——.u,—5
2
2
Jun
23b. Jun
.
4
•
22
Jun
47b Jan
77V Jail
.
67V Jan
Apr
36
.Jan
Dec
,
——5
Bath Iron Works. Corp——
1
Bayuk.Cigars Inc—^-u.--.—Nonpar
Beatrice-Creamery—
23
$4.25: preferred—t.——A'o.. pax
Beech-Aircraft Corp—
1
Beech Creek RR—L.50
200
:
19% May 27
10
Apr ;7
1034 Jan
33b Jan
—100
preferred—2
Barker Brothers.
57V 4 preferred—
Barnsdall'- Oil. Co
200
117V i.
54
Barber Asphalt
4900
21%
*11
25
317 V
31%
*1057V 1077V
*105
5
Baldwin Loco Works v t C—^-13
•
133b Dec
67b Mar
4 %
Apr
'
83s
Jun
Apr
1234 Dec
Jan
,157 V
.
,
,
974 Jan
10
33
4
Nov. 17
Nov 8:
.; 11%'July ,1-
'^O'bMarie39% Apr ;,6 .
20
Apr
Nov
33% Dec
2434 Aug
12%
674
187b Jan
:
X23% Nov.
26
Qct
.30
Feb
,
23 TV. Jun
Apr
63b' May
.64.
■
934 May
^874: May
110% Jan
.
Volume
Number 4231
158
THE COMMERCIAL & FINANCIAL
NEW YORK STOCK
LOW
AND
HIGH
Saturday
Monday
Tuesday
Nov. JH
Nov. 15
SALE
Nov. 16
S per share
16%
$
16%
*57
*33
per share
16
•
S
%
16
Va
58
*57
58
34
34
34
15%
15%
15%
15'%
55%
55%
55%
16%
557a
116%
117
34
*116%
15%,
43
43 ./'■/'/
"■•/;
88
*45%:
55%
-'/:/
17
*16%
15%
42 Va
43
*
"i;
33'%
3
33
3
■
V '* 40%
,
44
V
32%
3
167 a
7%
4%
7%
"
7%
7%
>17%
17%
''
17%
17%.
30 3 a
26
■
•>; 11%
3%
*1674
17 Va
17 74
17%
1774
30 %
*3974
874
83u
11%
68 Va
117
18%
8
*27
"3
11%
B
■■25
24%
55
*53%
1
187a
74
24 3A
.
25
.
5474
'/•".
678
187a
*53%
3
11%
1174
6574
65%
1774
17%
18% /19 74 V
674
1874
25
'/■<:
2574
*5374
::
*24%
54
/:./ 74
674
6%
67a
2574
54
? %
■
;
25%
54
*5374
%
%
674
6%
14%
14 74
14%
14'A
14%
1474
14
1474
14
2274
2374
22%
23
2174
22 Va
2174
22
33
35
35
*33
774. >
774
*
6
*33
77it
41
7
7
35
774
41
%
35
774
41
4074
/
674
4574
*43%
45%
*4374
9574
95%
*95
9574
28
28
<.4
28
28
*4
4
122
12474
14374
*143
2874
'
125
125
143%
;
*143
40%
674
'•"•'■
774
14'A
»
22
*33
7%
774
41%
674
./
41%
4174
*674
A
674 I
2874
35
3,600
14,200
42
'
7
7
43
43
43
9574
95%
95%
2874
28 74
800
43%
94%
2874
4
4 '
122
143 74
*23%
'
%
28 74'
*4
4Va
122
124
125
14374
*143
143%
143%
; •• /
*4
9
-s%:.
7
1,000
630
4
i_.
35
XI0314 Mar'
2(4
Oct
8%
Jan
,/
112% Jan
Apr'
471.2
Jun
Sep
Sep
Jail
14%
Dec
312
Dec
85J2
Dec
7%
Oct
17
10 74 Apr
1
574
18% July 16
1174
6
3574 July 19
16% May
19% May
2
26%
Nov
31% Jun
7
147b May
20%
Dec
109% Oct
26
105
100
1 V.
May
41
Jan
2174 Jan
75
6
20% Jan
2
,_5
Zinc—
No
Packing
par
No
—
16
18
Jan
9
July
25 74
6
May 20
par
22 % Jan
7
52% Jun
24
% Jan
2
6% Nov
9
9% Apr
9
19% Apr
7
13Va Jan
13
29% Jan
23
6% Feb
9
14
.
25
;
No
class
Ohio
&
500-
Carpenter
Carriers & General
Steel
Co
A—1
4% Jan
40
Jan
_100
Ry
'
30% July 13
56
Max127
1% Mar
24% July 14
38
x85
Oct
6%
Feb
10%
Nov
Dec
95
Jan
Jan
17
Deo
Dec
16%
Jan
22%
50%
Apr
53% Nov
%
Jun
5%
Jun
7% Nov
lira Jan
9% Apr
27% Dec
10% Nov
3%
1%
Jan
15%
Dec
33
Aug
Jan
7% Nov
7
29% May
1% Feb
32
33%
Deo
97% Aug 31
31% May 29
5% Apr
6
25
37%
9% Apr
6
4614 July 22
2
Jan
Mar 31
24%
21% July
3% Jan
10
1
11% May 7
47% July 2f
36'A Jan 21
par
10
300
Apr
Feb
NOV
69%
7
Nov
S3 preferred A
•
2'/3
6*2 Mar
Oct
3%
44
Sep
Feb
2
1
Capital-Administration
4%
19%
7
18 %
83 7-4 Apr
——50
Zinc-Lead
Clinch
Oct
5% Apr
5
Jan
Sep
Oct
9%
Jan
40
1
157-4 Mar
25
Jan
2 7a
3
10% July 15
19
16
5.
~6%
May
49
44
9 74 Jan
6574 Nov
.'•
100
7
4
29% Nov
n
2% Jan
No par
5
674 May
6
5% Jan
30
Apr
157s Jun
6
—10
preferred—,100
preferred
Canadian Pacific Ry
Cannon Mills—
77
Apr
22% July
2% May
89
Jan
Apr
Feb
4% Nov
—5
25% Jan
8
1
3% Jan
8
77% Jan
1
132
Oct
Apr
73
Deo
127% Jan 21
144
July 13
117
Jan
130
Deo
54% July 19
30
Apr
Corp
12474
125
1,100
>••'143%
144
70
41%
42
3,600
Caterpillar Tractor
32
4,400
Celanese Corp, of Amer
No par
5% series prior preferred-—100
7% prior preferred
i:—100
Case
6
6
97 a May 10
116% May 10
54 74 Aug
2314 July
9% Apr
29 %
1
,
4 74
Nov
2074 Jan
100
..
preferred
Carolina
10%
8
Nov
16
Hecla Cons Copper—_.5
Campbell W & C Fdy_
No par
Canada Dry Ginger Ale
i
5
Canada. Southern Ry Co
—100
140
•
Jan
Apr
5
1474 Jan
Calumet &
v
774
43
*2874
474
125
.
Byron Jackson Co__
2,500
>
22%
95 74
:
8
Jaif
7
11374 July 27
2
'■2
1 %
5
12
Nov
Jail
Apr
1
14
Sep
Apr
104 74 Jan
Jan
26
20'4
1
20% July 10
1
Participating preferred
5 To
Oct
2474 Jan
Butte Copper &
Byers Co (A M)
Callahan
Dec
Nov
4
1
10% May
No par
—-
Bush Term Bldg 7%
Butler Bros
California
31»
May
30
.
4
7674 Jan
X15
2
7
1
Co
preferred
3,500
*
■
*
43
95
Hi Mar
174 Mar
Jan
preferred
'
Mar
43
6%
10.
25
35la Nov
44
.July 14
4474 May 21
7
6% Jan
Watch
1,500
3*8
Jan
16
13
4'
1,100
•
.'...
■
74 7. ;
14 74
774
-
40%
674
4574'
9574
.>■" *4
4%
125
143.
95
35
774
40%
*6%
*43%
*33
774
55
23%
Jun
Apr
Jan
4>
1.900
Deo
Jan
1%
Nov
9 74 Jan
1,800
22%
19%
3
Nov
274 Jan
80
25 74 '
6%
14'/a
227'u
■'•%'/■ 74
•■
Jan
9%
Terminal
2,000
,.
11 Va
66%
22%
41
374
11
66 %
Jan
171.4
21%
3
AV
conv
40%
Jan
Bush
5%
Apr
131a May
183a Mar
Jun
Burroughs Adding Mach. ...No pur
:
Feb
30%
Jan
7%
13
100
Burlington Mills Corp
'
95i2
151.4
674 Jan
Forge
1,200
■"
May
7
'
11
74
67«
874
28
72
5
45
Co
5%
-
Dec
12
Wheel.
Bulova
Dec
43
Nov
1,500
67
54
Budd
Jan
21 ib
121-2 Apr
% Oct 27
$5 preferred
Euffalo
Jan
75
30 Va Jun
% Jan
.100
—
14 fa
12
Jun
Apr
July
Jan
8
Mfg
preferred
738
4.
2
37 74 Jan
par
-
Dec
19% Jan
Nov
8!
3,000
11
25 '>■•'•-•
T'o
•
60
3'A
(EG)
6'b Apr
Apr
205o Jail
5
preferred
Budd
600
3 74
07
7b
7 74
/
.—No
Jan
20
par
Co
Bullard
41%
374
.~-.No
Shoe Co
300
11
1874
;
2,700
1
RR
Eruns-Balke-Collender
......
*3974
3%
Maine
2,100
7
12
8 Va
&
Bucyrus-Erie
900
7% v't
6874
1874
42'A July 23
40
*27
July 14
8
40
8'/a
39
Corp
2974 Jan
20
28
1
No par
100
8
Oct
Roller
Brown
2,500
*27%
4
30
18% Jun
59
8 74
331/2 Oct
2
2
*56
2874
8
9 % Jan
58
8
Jan
2212 Jan
par
58
3%
96 7A July 29 51
July 15
Brooklyn Union Gas
41%
Va
2
-.15
—
900
'■";VV
/
18 v
3%
9
Jan
29
13Va May
25
May
6
par
59
*27
■
*•:■
94
32
11%
56 Hi May
33
25%
3%
13
Briggs & Stratton
Bristol-Myers Co
1 Brooklyn & Queens Tr„ .—No
iBklyn-Ma'nh Txansit_..... ....No
106 »/a
12
21 '.4 Mar 30
45
25 %
3 74
8
Nov
17
11 »/4
Sep
121
Sep
58
38 Va Jan
1
5
21
7
*10574
1174
8
Inc
(The I
1434
Nov
66V Jan
July
18%'Apr
July 24
8
25%
354
87 a
*3074
127a Nov
41(8 Jail
Jun
II1/4 Nov
10674
11%
*39
3 74
2574
*104
3%
2874
*67
•
25%
30%
5
5
par
49Via May
17
37% July 23
14/8 Nov
1
90
17
1774
100
15!4
105
6
16
10,100
45 74
*1674
17%
19
9
85
Mar
2874 Jail
5,400
-
115'A
474
*774
7%
17
30 Va
107
*56
40
74
7%
1174
8
3%
Va
11
68%
25%
59
*3974
.
*
3074
*105
11 7
*374-
87a
18%
674
1174
3%
*67
25'%
:';'V
7%
30%
107
*57
•
287 a
3%
v
25 3»
107
a
41%
*27
28
>
"
3074
7
V.
1574 :
V
2G
——
_.No
4
Bearing Co..—5
Braniff Airways Inc—i—
.2.50
Brewing Corp. of America
...15
Bridgeport Brass Co
_._.No par
Briggs Manufacturing
...No par
100
TVs
45
:
17%
.
*91
457 a
6
1,400
4% ./
95
1774
•.
37
;; x45 74
7%
59
.
*90
4574
t.
Dec
1,100
15
-7
S5a
9
600
39
•>,11574
4%
1774
12
37a
/
4%
96 74
45%
1
Dec
13
200
...
1
*15%
.
774
116
116
4%
*91
.
1674
7 ■■■,
8i8
2*2 Jan
500
-TV "
•:.
*3874
28
261 a Jail
1,900
14%
Jan
Jun
5
4,100
*%
24'4
(assentedt .100
Boston
100
41%
.
Borg-Warner
Co
Apr
Jan
i———No par
Stores
54
17%
19U July 14
„
9% Jan
100
Brass
class A
Co
Borden
5,900
42
*VS
39
15%
7%
109
59
.16%
7%
118
4%
46%
17
25%
>10874
■;
V *17 74
.
3034
25 7 a
109
678
97
4 6 74
■.
*15%
*38 74
Ami
Bond
8%
*39%
14%
Co
&
Class B
1,000
•
*41'A
-
160
25 Va
25
M.
Ifi
14%
3974
>116
.474
*93
47%
%
Bon
Airplane
Aluminum
Bower
42
8%
.
41%
iiV
%
*38%
774/
Va
41 74
14 74
7'8
41
*3974
■;
7
8
Boeing
46% Mar
11 '4 Jun
13% Jan
Bohn
97a May
5
3
19 3
6% Jan
par
76
3,500
.12%
*40%
24%
jc'
1478
118
4
98
46%
'
16
117
3974
74
407a
7%
<>
4%
*94
147a
8% V
No
.
20
July
121'/a July 20
33% May 5
Jan
Bl'umenthal & Co preferred
35%
12%
12Va
16
150
2-—.
1,500
-
3
*33
43
24%
42
il
%
16
118
47 ij
39 Va
*40%
1 :i
■V 407a
.
87/a
24%
a;S
.
12%
No par
Mfg Co
Co
2,300
•
331/2
3
35%
*40%
24'%
41
147B
16'a
40
'33
31
277a Jan
Laughlin Inc.
—5
Bloomingdale Brothers——No par
120
"28 Vi
28
33%
*2%
*33
43
a
8%
1 3
i%2
a
40%
,117
*40 3
7
15
.
41
*
%
4
12
12 Va
9
41
1
34%
24 %
24%
•'
*33
12%
8%
4
7 %
c%
32%
27 a
41
m
.
.
42'%'
*38 3
117
K,
isi
33
/'/•■: 31
llOVt Jan
Bliss &
7,800
•v/
54% Nov
L—
1,800
•
8% Jan
par
100
No par
■
27%.
9
a
12
24%
31%
27%
36
25%
J|S 1 .1
59
*53
31
27%
42
3
31
Va
31
27'%
27 a
'
18
30%
27 %
32%
44%
24 %
14 3
*11
44%
31 Va
*33%
12%
12%
0%
•
15
*677 4
44%
K
'
31
3%
*40
3%
88
:
27%
30
*41
3%
88
•:
43 %
44%
in
>87 a
42%
44
.
7%
"27
42
46
a
■
4174
45%
■Vi;
•/;•:':
13%
,
17%
40
14
96
13'/a
45%
a 2
37a
v
14
*93
& Decker
Blaw-Knox
3/200
•
13 %.":••
45%
*27
17%
12
42
14
96
*
Black
X per shar6
56'2 Jun
"*
1
7 To
preferred
Bigelow-Sanl Carp Inc
17% Sep
Highest
t per share
38
23
2234 Jan
No
(Del)..
per share
17
5434 Feb
par
——————
Bethlenem Steel
Year 1943
Lowest
69% Apr
par
No
—
700
/■'/. '•■;
13%
47
32% .•33
97 %
*58
43
*13
*93
/."V
Co
600
/-
17.
13%
42 %•>
87%
4634
*25%
14%
96
Vi
13
Pr
400
•
•
8
*16
87%
1674
*106%
*13
'*93
.-■%
17
*45%
4074
*30
>
13%
/
7%v: ':•'■/■> TVs
*16
87%
42 V2
7%
96
13%
17
87 %
41Va
17%
14 %
*93
13%
*10
87%
24%
17%
17
14
96
*41
*46
16%
116%
87%
44 Va
*94.
34%
16%
7%
12
4%
118%
34%
7%
12%
7%
*116%
116%
7%
*12
*115%
14,000
7%
*33
*16
56%
7 %
2%
*38%
55%
88
327'a
*14%
55%
7'%
35 Va
7b
54 7 a
35 Va
2?4.
7a
55%
'•■16%
*33%
■
54 7 a
16%
31%
*:,a
55%
*34%
27%
41 Va
Foods
116%
27%
*40
&
Best
16%
31
8%
Best
2,800
34%
31%
8%
300
15'/a
16 %
27%
24%
33%
15
116%' 116%
*31%
44%
58
*33
15%
*34'a
>2674'
.
*57
33%
1574
*86
46%
32%
58
33%
15%
34 %
■:f 42%
pfd S2.50 div series '38.No
58
,
$
13% Mar 17
33%
^
share
par
15'%
■
Loan
$ per
.No
*33 Va
10%
13%
Indus
*57
18%
*14%
Beneficial
1000
15%
34%
13%
16%
Par
58
116%
Range Since January 1
Lowest
TJ{<vh«c*.
Highest
EXCHANGE
34%
16%
/.*!)()
96
16%
Range for Previous
NEW YORK STOCK
Shares
per sliare
16%
*57
$
for
the Week
15'/a
/
117
*16%
13%
88
*167b
•
34%/.
■
17
*14%
*92
16%
16%
7%
*16%
16%
V Nov. 19
$ per share
7%
167a
7%
*57
share
per
Sales
Friday
Nov. IS
34%
34 %
*16%
16%
*33
STOCKS
Thursday
Nov. U
$
2055
RECORD
PRICES
Wednesday
per share
CHRONICLE
(J I)' Co—
100
Preferred
—100
28
54%
28% Nov
3% Nov
"
43
31 Va
*
104
42
43
31%
%(; 42%
32
31%
106
41%
••
*104
106
123
123
123
116
116
31%
32
*104
123
116
42
116
41%
30%
105%
117
10%
10%
10%
18
18
18
18
*18%
191/4
19 Va
19%
2%
2%
2%
2%
109%
109%
9
9
110
"9
9%
*1774
17%
7
7 V.
^110
*35 Va
4%
58
7%
.
4%
4%
80
123%
80
17%
3514
4%
4%
59%
214
19%
6%
7
114
2014
6%
*110
3514
114
35
4%
3514
5
GO
5 la
59%
18%
17%
*17%
201/4
*19%
20%
*1912
2014
19%
106%
107 %
307%
107'4
61%
107%
21
23%
*21
44%
44%
44%
44
6
6%
6
5%
18%
*17%
17%
20
10714
116
10%
31
116
10%
116
/
10%
■
200
5,200
18%
17%
18
19%
20
2,400
110
22%
43%
7%
114
*6%
64
37
63%
*17%
19%
*19%
107%
22%
6
5%
5%
6%
6%
11
3014
10%
1014
10%
500
5Va
64
2,800
4,300
23
24%
800
Checker
43 %
44%
3%
3%
16%
14%
16%
2.800
1414
xl4%
14%
14%
16
15%
15%
15%
14 %
15%
900
16
100
51
14
*12
13%
*14%
15V4
*141/2
;
* 1 Va
*26
15
1%
1'%
•
74%
104
51%
61/4
104
52
34
145
*72
*371/2
106
14%
104
6%
38%
*48%
50
*48%
50
14
*12
1314
*12
13%
14%
*14%
15'A
100
1%
*1%
1%
2,500
*14%
1%
73 Va
14%
*50
6%
*63a
15%
*14%
1%
.
27
15
1%
j 1%
*25
*25%
27
x74%
74%
74%
76
1414
*14
14%
14'/a
14%
104
*102%
52
*50
6%
52
6%
6%
*34
*37 Va
*72
37%
107
*37%
*105%
80
35
145
*72
114
80
*112%
37%
107
114
*37%
37%
*10514
107
*91%
.1
93
*5214
54
*91%
92%
*91%
92%
*91%
92%
*52
54
*52
54
*52
54
*33%
3414
3314
34%
34%
3414
34%
34%
■
33%
34%
34
35
*145
152
*145
152
*145
113%
*112%
114
*112%
113
*65%
67
66%
f
152
*112
35%
*65%
22%
*106
*23%
♦111
*14%
10%
35 %
67
23
107
24
113
14%
11
22%
*106
*23%
*111
.14%
•
22%
107
24
113
14%
10%
11
12%
12%
12%
13
*101/2
11%
12
12
27
74%
*135
*112%
*25%
14%
34
80
1%
27
74
145
114
14%
J
"
,*145
11214
*102%
*50
6
104
52
%
*34%
*135
*72
*112%
37 %
106
6%
35
104
51
*135
*72
113
37%
145
37%
*105%
*91%
54
52%
Cluett
152
*145
152
*145
152
113
*112'4
114
*112%
114
*65%
66
22%
106%
106%
106%
106 %
10%
12%
12
•
11%
*10%
23%
113
14%
10%
12%
*106
2314
*111
14 Va
1014
12
12
*10%
23 Va
113
14Va
10 %
23%
*111
14 Va
11
23
40
3.500
11%
640
12%
1,070
4%
noa-cum
11%
80
4%
non-cum
2414
24%
24%
24%
X2314
23%
24%
24
23 %
23%
2414
2,400
24%
24%
*22%
23%
23%
23%
700
For
footnotes'.tee page 2063.
Oct
July 8
May 17
34
22
5%
Apr
23
27 %
11
13
12
Apr
Apr
2%
Jun
8% Nov
1%
Jun
2%
48'/a Jan
100
100
1
:—No par
No par
.—No
par
—No par
—No par
No par
100
JColorado & Southern;
1st
—,—100
Jun
13%
Feb
2% Jail
3% Jan.
2.50
15% Jan
15% Jan
2
3
Jan
4
1
9
20
July 15
July 15
% Jun 25
7
Nov
11
74% Jun
7
141
116% Aug 10
40
Nov
3
Dec
2% Feb
May
Jan
70%
Jan
10% Aug
92
May
32
274
Oct
Mar
28
Jun
120
Dec
6734 Apr
10774 Jun
22
May
54
Sep 13
48% Mar 30
47
July 20
Jan
'
9
9574 May
7774 May
40
39%
4374
Sep 22
92% Sep 29
108
May
32% Apr
2574 Apr
139
25
99
34
3
39 3 4
Jan
Deo
AUg
Aor
Jun
Nov
125
Deo
72
Mar
112% NOV
317a
102
Deo
Deo
8474 Mar
50
Jan
44
Jan
3674
Jan
Jan
149
Nov
56% Mar
93
Nov
18
5572
63%
Jan
24% Sep 10
109% July 17
1774
Nov
9774
10774
Deo
153
Sep
123
Jan
2.50
•
10
Sep 27
8
18
2
2
Q
preferred—100
2nd preferred—100
Columbia Br'd Sys Inc cl A
Class B—
Jan
11%
Jun
53
2
8
2
Jan
Nov
39% July
Mar 17
13% Nov
Nov
52
10
Oct 13
May 13
■
Sep
7%
17%
11%
Jan 13
4
62% Jan 11
16%'Jan-11.
103% Jan 12
17% Jan
4
108
Jan
7
83
13%
Aug
Jan
106
33% Jan 12
142
Jun
Jan
Apr
15% Aug 18
4
33 "a Nov
-No par
8%
4%
July
85 3 8
Jan 23
Feb
6
84
50
Deo
Jan
8%
32% Apr
4
28% Jan 22
101% Jan
7
50
50
2%
47
3% Slay
109% Jan
100
% Oct
36% Jan
18
Jan 30
Jan
7
Jan
2
Feb
67
9
33
54
,4
1% Aug 26
Feb
%
100% Nov
May 27
15% Apr 30
10
Jan
Jun
Apr
12
Apr
Sep
14%
a
13% Jan
24%
67%
10%
96%
27
2%
32%
123
15%
93
141 % May 20
12
par
gtd
22
6
11% Jan
100
5
l'o
July
50
July
9% May
17% May
7% May
6
36% Nov
Colo Fuel & Iron Corp——No par
12%
24%
Jan
187a
108
par
—100
preferred
11%
24%
19
24
8
par
5
(The)
12
*24%
6
Oct
5
par
par
Louis Ry. Co
11%
24%
*
25
Collins & Altaian
24%
5
-No
700
24%
19% Apr
Deo
15
10
-
23%
*231%
Deo
2
Colgate-Palmolive-Peet
$4.25 preferred
1,700
32%
29
320
14%
Jan
2178 Jun
A.—.
conv
23%
.15% Oct
-50
100
Coca-Cola Co
5%
29
4
106%
113
72% Oct
4
Peabody & Co_
Class
Nov
10% Jan
6
Jan
15V8 Jan
Preferred
400
%
3%
6
Climax
3,300
35
Apr
2% Jan
Special gtd 4% stock
Molybdenum
3.800
34%
10614
12%
*20
35%
%
10614
*11
52 %
33%
104
Jan
1%
50
preferred
34
22%
11
& St.
Clev & Pitts RR Co
34%
July
27
7
preferred
33%
82
8
4
8% Jan 13
par
5 To
21
2
.—
Oct
3% Nov
Sep
2
-No
Jan
Jan
Apr
7% Jan
—
Apr
3%
18
7% Jun
2% Jan
Clev El Ilium $4.50 pfd
No
Clev Graph Bronze Co (The)
3414
2214
U
Co—
Jun
2%
2% Nov
110
Jan
41
33% Jan
Oil—
Mar
1%
18
Jan
99% Jan
par
3314
22%
14%
50
Cotton
Deo
115
Co——No par
No
C. C.
1
40
Chile Copper Co
Chrysler Corp
City Ice & Fuel
6Va% preferred
City Investing Co.
City Stores
Clark Equipment
34%
22%
233t
a
500
93
*52%
tChilds
7
8
;—5
25
par
Dec
17% Nov
■
100
A—
Chlckasha
34%
:■
8
—;
1 % May
11
Jun
8% Nov
2
Apr
90
23 7
Mar 19
32% Jan,
16
Aug 27
18% Jun
5
14
Jan
Chicago Great West RR Co
5% preferred
Chicago Mail Order Co
Chicago Pneumat Tool
—No
S3 conv preferred
No
Pr pf ($2.50) cum div.—No
Chicago Yellow Cab
No
5A
107
93
Class
C.
10
377/a
106
*91%
22%
*111
200
80
113
22%
14%
1.400
80
66%
24
200
6%
145
*65%
113
60
35
113
6614
*14'%
800
51%
6%
*34%
6614
*23%
12,200
104
66%
*111
20
1414
34
*72
37
74%
104
*135
*112
*105%
*37
50
*12
34
80
106
37
*48%
14
145
114
37%
37%
50
*102%
52
*33%
*135
*35%
*25%
74%
14'a
*50
6 V4
34
*135
*112%
l
*101%
700
37%
*12
27
73%
74%
14%
-
2,000
*48%
:
1%
*25
27
4
*36
51
Mfg
Chic & East?1 Ill RR
16%
53
Jan
3
Chesapeake & Ohio Ry
3%
*12
x33
7
111
Jan v?
—1
-
5,300
16%,
*51
3
No par
:
i
5.900
3%
14%
Cab
2
98
100
8,100
1614
15%
preferred
Jan
.100
—
7%
3%
11
13
Co_
11%
6%
1614
1414
Violeta Sugar
12
29%
July 16
3% Mar 12
4
Jan
Jun
23% Jun
2
3
8
108
12
97% Jan
_100
6% prior preferred
6%
16%
15%
Jan
Champion Pap & Fib Co—..No par
16%
14%
2333
Chain Belt Co———-—No par
16%
15%
21
Co
1
4%% preferred—100
Lt
Cerro de Pasco Copper
Products
130
16%
38
Deo
7
16% Jan
1% Jan
200
101/4
14 Vs
8%
500
*15%
15%
6% Aug
17%
3%
*36%
5
20
3%
14 Va
14% Apr
Foundry
Certain-teed
107%
10%
38
2
119
Century Ribbon Mills-——No par
2,260
3%
15%
8'A Jan
17% Oct
—No par
preferred
Preferred
11 %
15 V
—No par
20
Central Aguirre Assoc
114
17%'
■•44
7
*110
10%
*36V4
Dec
Central
*3%
*141/4
97%
2.900
3%
11
Apr
19%
3 V-i
1074
77
fCent RR of New Jersey—
107 %
21
27
Central
5
44%
120% Sep
Central
36
43%
1
140
5
.44%
Jan
96 Va Feb
1,700
36
19%
120%
1,400
4%
21
97 %
Apr
2%
35 %
24
Apr
S%
19
17%
Apr
109%
19%
*107
15
82
110
100
Corp
111
40 3
25
2%
19
*614
26% Jan
7
95% Jan 26
42% Deo
July 22
128% Sep 14
109 %
9
61
5%
40% Jan 21
4
2d preferred
Celotex
/j.
Jail
2%
8 '4
*110
No par
110%
8%
/
7%
390
19%
2%
9
1914
31%
19%
110
9
42
*17%
214 :
*109
*19.74
5%
10%
18
7*1774
4474
116
19%
*106% 107%
24
2l '
if
3114
10%
1914
58%
17%
41%
116
1014
2%
*110
3514
-
■
58
58
11%
*6%
114
35 Vs.
35%
106
*122%
19%
18
7%
*110
114
*105
123
19%
18
18
105
123
18
9%
9
104 %
123%
*214
110
*109
110
*17%
10514
115
10%
10%
317/a
123%
106
123% 123%
*116
42
July 14
_
68% Oct
'
21
28% July 15
114% Oct
6
-19% July 14
19
Sep 25
,19% Sep 25
17% Sep 25
Jan
11% Mar
Apr
1074 May
93
May
13% May
74 Apr
1
May
% July
1874
108
1374
Oct
Deo
Jan
474
Sep
57* Sep
0
Sep
24% July 14
8%
Apr
13%
Deo
24V* ,Tulv 14
874
Apr
1674
Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
2056
NEW YORK STOCK
Monday, November 22, 1943
RECORD
■
LOW AND HIGH SALE PRICES
Saturday
Monday
'Nov. 13
Nov. 15"
Nov. 16
$ per
$ per share
S per share
4
$ per
share
*73%
74
"65
70
Friday
Sales for
Nov. 19
the Week
Nov. 18
$ per share
share
4
3%
4
3 Ms
4
3 Ms
Thursday
Nov. 17
■
3 Ma
STOCKS
Wednesday
Tuesday
33/4
3Ms
$ per share
4Mb
89
*14 Ms
15%
73 Ma
74 Ma
*37
39 Ma
*36 3/4
*36Ma
363/4
3 6 Ms
104 Ms
1,300
6%
69
*65
70
10
5%
86
86
*86
88
400
89
*15
15%
*15%
15%
39%
*37
38%
*38
*104 Ms
107
*104 Ms
107
40%
40 3/4
405/s
13
14
13%
106 Mb
40%
41
13%
13 %
9,300
14
14
14
39,300
74
74Mi
74%
76 Mb
243/4
25 Ms
24 Ms
25
74
25%
24%
25 Ms
24 3/4
Ma
74%
25
8V4
21
21%
21
105
105Va
*104
22 Ms
102 Ms
2 Ma
;
2Ms
233/4
2 Ma
2 Ma
*23/e
2 Ma
153/4
153/,
*6V2
7
x6Ma
6 M'a
*6 Ma
25 Ma
26
24%
25 Ma
24 Ma
24 Ma
24 Ms
lOMa
10%
lOMs
10 M'a
10 M4
10 Ma
19%
19%
20
x2CM4
?0
10
lOMs
10 Ma
13 3/8
13
13
45
*44
45
19%
7Ms
*108 Ms
*44
45
45
45
193/4
19 Ma
193/4
19 Ma
19 Ma
183/4
183/4
19 Ma
193/i
1,300
7%
73/4
7 Ms
7Ms
7Ms
7 Ma
73/4
7 Ma
3,900
110 Mi
*lC3Ms
*109 Ma
110 M»
32 Ma
33 Ms
323/4
*109
32%
313/4
33 Ms
10%
10 Ma
10M4
10'/a
103%
43
43%
42
42 Ma
24 v4
24 M»
••*24%
24 Ms
no'/2
10%
10 Ms
10 Ma
503/4
*50 Ml
15
:
1%
1%
1%
1%
1%
1 3/t
1Mb
■'
15%
'
■
*
20%
15 Ms
16
28
28
47 Ma
*45
20 Ma
15 Mi
*15 Ma
27%
27%
28
28 Ma
47 Ms
46
46
20 3%
20%
*46
.
18 Ms
20 Ms
16
20 Ma
15 Ma
.
*72
*50 Mi
51
14Ms
56 Ms
15
43m4
•
433/4
57
2,400
3,100
57 Ma
Exch
Corn
Products
179 Ma
178 Ma
178%
300
4 Ms
4Mb
4 Ma
3,600
1Mb
1mb
lMs
3,100
193/a
5,300
*153/4
X27
27
47
47
96 Mi
16%
77
Apr
Apr
Jan
Oct
5
Dec
103 Ma
Crane
5%
Co
Jan
Dec
14M2 Jan
5
4
1,600
Crosley Corp (The).
Crown Cork As Seal—^——No par
$2.25 preferred---,—No
200
1,700
360
29
29 Ms
28 3/i
28 Ma
27%
28 Ma
30 Ma
313/a
313/e
32 V*
11,300
*72
74
71
71
71
70
70 Mi
70 Ma
71
*17%
17M4
17M4
I7M4
173/4
173/4
17 Ms
17Ms
*173/4
10%
lOMa
11 Ms
10 Ms
113/4
11
11
Zelierbach
500
200
Cuba
11 Mi
6,700
7%
10
*103
108
300
23
2,000
RR 6%
t
Nov
12%
Jan
Mar
6IMa
Jan
Apr
42% Apr
159
Apr
2% May
37%
Dec
58
Dec
i?
31
Oct
27
Oct
2
17
Oct
179
Oct
3% Nov
Apr
Ms
Nov
10%
Apr
14Ma
Dec
85
Jun
98Ms
Nov
12% Jan
16Mb
Dec
23Ms July 27
47
Dec
5 M4
May
9Ma
Dec
14M4 May
2OM2
Nov
32
Mar
41
Jan
26
10
Apr
12 Ma
Sep
99Me Aug 6
July 15
38
77
May
23% May
88 Ma
Jan
39% Nov
63
84
11 Ms Jan
4
Nov
18
82Ms July 20
9Ma Jan
7
7% Jan
9
22M4 Aug 11
14Ma Jun 11
Feb
1
70
..100
105
115
Nov
15
IO6M4 Jun 10
92'/a Mar 20
preferred—.——100
conv
May 17
2MzMay22
22Ms July 14
108Vz Aug 19
23ya Mar 12
10
Sugar...
preferred
5%%
2
6
—.100
preferred—i
Cuban-American
21 Ma
Apr
81 Ma Jan
2
27Ms Nov 17
Corp.—
5
preferred.—_—_No par
conv
Crucible Steel of Amer...—^No par
5% preferred———100
*113
108 Ma
$5
19Ma
11
'113.
Crown
186M4 Sep
9
Jan 15
18% Jan 12
37% Jan
6
par
7
61 Ms May 21
2
Jan
I6M2 Jan
2
2.200
Apr
8s/s
45
95
preferred—.——100
163/4
47
60%
23Ms
2
21 VA
Dec
Nov
Apt
Me
27%
Aug 24
17% Aug 20
Apr
Jan
4
47
U Jan
16
*46
53
8 3/4
2 3%
6
538/s Jan 20
..25
conv
Apt
Apr
5% Sep
Apr
2% May
2
—1
...
4
7
2
27%
16
143/4
>103
Jan
uNov
May
2%
Jan
Jan.
176
.——No par
15 Me
108
45
2
(The).^
95 M4
*103
110% Sep 24
Jan
11% July
14Mi Oct
Jan
Cream of Wheat Corp
14 Ms
105Ma
5
82
2
2% Jan
540
95 Ms
105 Ma
7
11 Ma Jun
1
1,200
143/4
105
Oct 25
23% Jun
7"
Jan
8 Mi
9
37
—100
203/4
953/4
105
107.
6
7
Refining———.25
—
Coty Inc.——
Coty Internal Corp
104 Ms
19
14 Ms
102:
102
Preferred
203/s
47 Ma
*113
6
Jan
3% July
4%
Aug 11
96
20
104 Ma
95%
*112
Jan
16
* ;
x4Ms Jan
1
Corp
Co—
Trust
20 Ma
14Ms
115
Electric
Bank
183/4
95 Ma
115
:
104 Ma
143A
*69
Del..
18 Va
95
115
*110
Cornell-Ducilier
Corn
15
10
89
Continental Steel
440
.
96 Mi
:
3334 Jun 24
2
15
-
16
I6M2 May 10
463/4 Oct 30
Jan 16
5
95%
10 Ms
27.% Mar 30
7
15
15 Ms
17 Ms
Oct
27% July
96 Mi
74 '
3
2
500
1,600
28%
,
Jan
7
-
15 Ms
10
IMa
1
18M4 Jan
■/%'
11
96 Mi
17 Ms
Jan
x9% Jan
25
11
15 Mi
28%
9
Corp..—^No par
Copperweld Steel Co.——5
Conv pref 5%
series..--——50
*24
96%
J 5 Ms
"96
Apr
17
28 Mi
28
*45 Ma
% Nov
7
8
Oil of
20 Ms
20 Ma
:
25Ma Jan
Continental
103%
104
:
^5
1%
Ma
1%
■
8
5,700
4 Ms
*177
4
19 Ma
103%
104
104
104
104
19 Ms
19%
19 Ms
19 Ml
19 Mi
104 Mi
56 Ma
50
Jan
94
4'/sJan
14Ms
178 Va
Jun
Jan
16Mb Nov
;
21 Ma Mar 29
9
73/a
Apr
3/s
97Ma Feb
Motors——.———1
43
4Mb
Sep
Sep
Apr
v
•
29Ms Oct 27
9
Corp. of America.—...20
Continental
8
18
4% Jan 11
par,
4
11%
78
c
Continental
51
553/4
8%
July 24
3Ms May 12
19 Mi May 12
19M4 Nov
Baking Co-_^—_No par
preferred—.——™
.100
Dec
105
lOMs Nov
Continental
Dec
123%
6M4 Apr
7
24Ms July 15
8
24Ms Nov
pfd—.100
$4.50 pfd—.No
Jan
185/a
11,500
7,300
143/4
178
Container
,
Pow
Jan
33/a
Apr
9 % Aug
83
Apr
243/4 July 3
Sep ' 2
7 Ms Jan 11
2 Va Feb 10
10
233/4
Jun
12%
109
Ma Jan'11
,
Apr
1%
.
5
43
4%
3Ma Nov
17%
5
31
*50 y4
56 Ma
12
43/4
15
179 Ms
jun
Jun
303/s
5
43 Ma
4Mb
6
Jan
Jan
July 20
11
2
90
preferred •_—.——.—50
Consumers
,
32 »/2
10 Va Jan
44 %
28%
14%
56Ms
27
21% July
25
25
7
Jan
8
423/s
177
2
2Mb Jan 13
17 Ma Jan
,
Oct
hi
21 y8
15
4%
21 Ms Jan
76% Oct
Dec
lOMi
Jun
32
303/4
43 Ma
57 Ma
2
34
7Mi May
49Ma Sep 2C
7M4 May 6
37Ma July 15
11
179 Ma
36% Jan
July 14
lMsMaylO
15% Jun 28
24%
4%
Jan
16
36Ms Jun
10 3/8
56 Ma
20 Mi
2
7
24 Mi
179 Ma
1
2
& Jan
7
10 Ma
4Mi
44% Jun
9 Ma Jan
2
24 Ma
179 Ma
Nov
Jan
10%
4 M4
105 Ma
26 Ma Jan
24
*179 Ma
Apr
403/4 Jan
10 Ma
51
91 Ms
Insurance—..$2.50
30Ms
*50 Mi
20
Can Inc.™.
20
Diamond Fibre—...,5
4Mb
51
107 V4 Sep
Continental
15
44
19
Continental
43 v2
15
44
Dec
1,000
30Ma
*50 Mi
51
15 %
44
29 Va
2,400
4Mb
lOMa
Oct
Jan
10 a/4
24 Ma
*24
35
16%
44
303/4
4%
Jan
7
July 9
lOMs
30
5
30m4
240
.
Oct
24
Jun
44
433/4
31 Ma
4Mb
5
31 Ms
$2.50
Jan
10%
42 Ma
313/4
19
32%
41
5V8
2% Nov
54
293/sjanl5
—1
■___•
I
43
*10 Ma
45
31 Ms
20%
110 Va
31%
.
10%
44
58
Preferred
200
73/4
110%
11
104 Ma Jan
wd—15
Consol RR of Cuba 6%
193A
*109
Natural Gas
Oct
19MiJulyl4
14
Consolidation Coal Co.———25
10334
31%
104
700
1033/4
*
'
Consolidated
4,000
.
103 3/4
110%
7
30M2 Jan
25
2,100
103/4
103 Ma
4 Ms
*56%
20 Mt
1033/4
31 Ms
44
■13%
102 34
4Mb
*15
13
103M4
M«*108
11
*50
*10%
13
103 Ma
••
46
4%
*193/4
10
*12%
10M4
Jan
25 Ma Jan
™N0 par
Consolidated Vultee Aircraft
8,400
103 Ma
33 %
33 %
*45
20%
93/4
13
45
45
.13,000
>
45%
'■av:
110
°10%
200
,
103
19m2
"7%
7
*43
103 y2
*102
■:
93/4
*123/4
11 Mi
$2 partlc preferred—.—™No par
Consol Laundries Corp..5
§00
11
19 Mi
2,400
,
253/4
103/s
"43
.
270
15%
6%
10
Jan
9
5-
103/4
13.Mi
Dec
5
26 Ms
*19
84M4
15 Ma Jan
6Ms
93/4
Mar
91M* Jan
10 Ma
19 Mi
51
$5 preferred
—_.——No par
Consol Film Industries———.1
26 Ms
13
Jan
98Ma July 15
Consol Edison of N Y_—_No: par
6 Ms
9%
45 Ma
1,600
10 Ms
19%
Sep
Sep
Sep
5,700
26Ms
13
29
16,000
*6%
*
30%
18
•3Ms
21 Ms
103 Ms
10%
6 Ma
2
28
73
22 Ma
9,100
<
26%
6 Ma
Co.
5V4 Jun
77 Ma Sep
2
103 Ms
-23Ma
153/4
2 Ma
Edison
$ per share
2
.'79% Jan 13
par
—100
Conde Nast Pub Inc.™
2,500
105
16
2%
15%
Commonwealth
1,500
;
Highest
$ per share
2
Jan
Congoleum-Nairn Inc.——No par
Consolidated Cigar——No par
6%% prior preferred™.——100
Consol Coppermines Corp.™;
—5
33/4
213/4
8,000
9
23%
103 Ma
■'■'
preferred
conv
$ per share
l%jan
Commonwealth & Southern._No par
$6 preferred series™.
-No par
11,600
^
.No
share
40 Ma Jan
•
Comm'l Invest Trust———.Nc par
Commercial Solvents—.—.No par
4,900
213/4
105
33/4
21 M'a
103
103%
.9
21 Mi
105
3 Ma
21 Ms
21 Va
103
153/4
*
23%
105
3M4
33/4
■,
2 Ma
15 Ms
8 Ma
203/4
105
15%
2 Ma
*153/8
2 V2
16
;■
21 Ms
103 Ms
103
8%
203/4
23M4
22%
*104
>
3 Ms
33/4
21%
22
102 Ms
21
24
105
3 Ms
213/4
103 Ms
2M2
22 Ms
8 Ma
21 Ma
*8%
8M8
21 Ms
104%
22 Ma
105
33/4
3 Ms
3%
8Mb
21 Ma
8%
22
4Mi%
13 Mi
76
25%
2,700
40%
75
*21 Ms
"15%
37M4
13
76%
21%
22
36 Ma
*104 Mb
14.
75%
25'/2
8 Ma
lC3Ma
363/s
106 Ms
Co
per
Year 1942
Lowest
37
100
™100
Columbia. Pictures.—.—..No par
$2.75 preferred—
No par
Commercial Credit
4
™—10
39
36%
Carbon
$
No par
preferred series A
preferred™—:
Columbian
2,200
40%
%
75%
■
17 M4
13 Ma
34
%
8 Mi
16 Ma
*37
403/4
13 Ms
14
tt
21%
16%
39
*104 Me
107
%
25 ¥4
,
13
41
13%
IS
•
40 3/s
4034
13
75
153/8
*37"
36Ms
36 Ms
37%
37
37
40%
,0
73 Ma
69
x86
*86
39 Ma
*104 Ms
107
73%
70
16 Va
*14 Ma
'
Columbia Gas & Elec
86
73%
:
88
88
*85
73%
Par
31,800
'
70
*65
70
Range Since January 1
Lowest
Highest
Shares
3%
.
Range for Previous
STOCK
EXCHANGE
*65
733/4
733/4
73 Ms
73 Mi
*65
NEW YORK
Jun
8Ms Jun
Nov
133/4
Jan
5
Jun
9
Jan
88
Jun
140
Jun
74% Jan
95 %
Dec
•
t
"
22
22%
2 2 Ma
22 Ms
22
:
223/4
22Mi
21%
*21 Ma
22 Ma
22 Ma
22%
522
104
108 Ma
*104
108 Ma
*104
108 Ma
5
5 Ms
5
5 Ms
5
5 Ms
*2 2 Ms
■
.
*104
22
4Mb
.
22
22Ma
22 Mi
22 Ms
108 Ma
*104
5
223/s
22 Ms
43/4
22 Ma
*213/8
108 Ma
*104
4Mb
4 Ms
600
Cudahy Packing Co
Cuneo
Press
4 Ma %
108 Ma
5 Ma
18,400
30
—
Inc....
10Ma Jan
25% Oct 26
.4
...3
preferred—
18
Jan
8
.100
100
Jan
8
.No par
1% Jan
2
No par
Curtis Pub Co (The)—
*86
88
'
88
88
89
89
88 Ma
88 %
41 Ms
41 Mi
41 Ma
41%
42%
41%
41M4
..
40%
7
6%
6 Ms
6%
7
6%
16 Ms
16%
163/4
16%
16
6 3/4
16 %
Ma
16%
89
89 Ma
413/s
v
41 Ma
6%
6 Ms
16'/a
92
413/4
1,900
6 Ma
16,200
163/8
5,000
7
16%
16 y4
163%
$7 preferred—
150
90
41 %
r
»
Prior
30 Ma Jan
2
2
97 M2 Nov
3
45 M2 Sep 17
—
preferred.————No par
Curtiss-Wright
Class
17
6% Nov
——1
—...
A
.1
....
*103
125
*108
125
*108
125
*108
125
*108
,125
*108
125
Cushman's Sons Lnc 1%
"ISO
143
*130
143
*130
143
*130
143
*130
143
*130
143
20
20
16M4 Nov
$8 preferted—
——No par
Cutler-Hammer Inc.—
No par
19 Ms.
19M4
20
20
20%
20%
20
20 3/4
20 y4
20Ma
2,500
pfd
Jan
.100
96
Mar
90
Feb
100
Jan
2
Oct
32%
Nov
20Ms
Oct
9 Ms
Jan
hi
8
140 Ma Oct 28.
26% Jun 29
19%
13% May
12
Jun
5 Ma
8
24% Mar 29
119M2 Nov
84
Feb 10
15Ms Jan
4
Jan
13
19
Oct
9% Apr
9
17:
Feb 26
13%
10
26Ma Jun
107
'
/
8% May
7% May 10
....
May
Sep
Dec
18
Jun
25%
80
Jan
05
Oct
44
Jan
81
Nov
12%
Jun
18
Oct
Jan
D
•
*6%
*.
.7
,
*17%
22 Ma
12%
1'
12 Ms
12%
22%
22 3,4
12%
353,8
35
34M8
34 Ma
*17M4
18
*17 Ms
53/4
20 3/4
20 Ma
203/4
12 Ms
*17%
18
*17 Ma
6,100
110
*22
35
23
34 Ma
50
300
35 Mi
>34%
34%
5%
12 Ma
110
23
34M4
*34 Mi
Davega Stores Corp.
24
12%
112
*22
35 Ma
18
123/a
*1093/s
343/4
*19
343/4
18
18
13 VA
13%
13%
133/4
13%
53/s
5 Ma
5 3/s
5 Ma
5 Ma
20 Ms
20 Ms
20 Ma
*45
*45
48%
20
48 Mi
20
20 Mi
48 Mi
48 VA
30
30
29
30
*45.
x283/4
29 Mb
28 Ma
29 Mi
190
31%
*31%
32%
3 IMa
31%
*30 3/4
32
*30%
31Ma
500
<-41%
\ 42 %
42%
42%
*41%
42 Ma
*413/4
42 Ma
100
*113/^'' 1
42
■
Vz
Ms
*11%
,
30Ms
30
'29?*
*96
12 3/8
*96 Ma
98 3/s
s
*413/4
42%
*41%
1.2
12%
12Ms
12%
13
12 3/4
13
12 Ma
123/4
1,300
323/4
29%
31%
29%
30%
29 Ma
30 Ma
29 Ms
30Mb
12,000
98Ms
99
98 Ma
99
98
98 Ma
900
'*14 Me
14 Ma
300
983/e
*96 Ma
99
*133/4
14
14
14
14%
143/s
14%
*43
43%
43 Mi
43 Ma
43%
43%
433/s
433/s
43 Ma
44
*28%
30 Mi
29
29
28%
29%
28%
28%
29 Vs
29 Ma
*14
*14 Ms
14 %
20
20
20
20 Mi
20
20%
20
20%
20
,20 M4
49%
49 Ms
49 Ms
493/4
48 a/4
49%
48
483/4
48
127%
126%
124
1253/s
124
\
•
A
>—*■ to -0
126
1
127
32
is
1/64
s'a
1/.64
27%
27%
27%
27%
*26 Mi
26%
73/4
7%
8%
7%
7 Ms
7%
7%
11%
U Ma
5,200
I#
7,100
Douglas Aircraft—
2,300
Dow Chemical Co..
126
27 Mi
128,700
1,500
8%
4,700
'
29
*27%
63/4
63/4
12
*11%
'
118
139%
127Ms
119 Mi
34%
*127
119%
34%
•118
*11
*118
122
.33%
53e
5 Ms
*5 Me
*152 3/4
154 Ma
*153 Ma
4176 Ma
180
38 Ya
179
38 %
16%
12
*118
122
*118
138%
136
137
135
137
xl36%
138
127
127
126%
126%
*126 Ma
129
500
118%
118%
118
118
*116 V2
117
80
34%
33
33%w
'
v,
534
179
3 3 Ma
*3234
,
33
5%
534
153
153
*534
*179
31 Ma
37
16%
181
*15%
1
3 7 Ms
,
163/a
r
,*179
>'-35Va
181
..*15 ma
16
,
36
Va
181
35 Ma.
■9 Ms
9%
*3 Ma
3 Ma
3%
3
76%
77
Ms
74
74
38
38%
35 Ms
35
9%
,
M3Ma
3434
35
10 Vs
10 Ms
10 Ma
723/4
*38 Mi
3M4
'■'4
3%
77 Ma
78 Ma
3%
•
30
•56
*29
3%
74
73 %
,
383/4
38%
'
16 3/s
*33a
76
57%
56 Ma
56 Ma
107J/a
107%
107 Ma
■7%
V/a
VA
1%
88 Ma
88 Ma
88 Ma
8934
94
94
*%
For
89 Ma
Ms
footnotes
38 Va
38 Ma
*56
293458
*29 Va
56
7 Ma
88 Ma
88 Ma
88 Ma
87"
89
89 Ma
*88 Ma
•
96
*94
Ma
2063.
Ma
.,%
107 Mi
9 Ms
•
•
Electric
Autc-Lite
30 Ma Jan
Electric
Boat.
29%
334
33/4
3 Ms
3 Mt
■
■
,
Elec
1,800
20,500
3M4'
5
85
73 Ma
82
Ma
88 Va
38%
38 Va
38 Ma
38 Ma
1,000
2934
30
30
57
56 Va
55 Ma
2934
*56
107V4
107%
7 v8
VA
"87
92
107%
•
7V4
.
103
Mo
7%
Ind Am
:
5%
preferred
Engineers
No par
No pa*
...
Public Service—.
87%
'87 34
88
260
85 preferred....
88 Va
8°%
fJ4
fO
710
$5M2 preferred
93
94
92%'
92Ms
150
$6 preferred
%
2,300
)/o
No par
100
%
JEquitable
Apr
-39 Ma
V
Aug
>
'
934
' '
:
Feb
f22Ma'Dec
Jan
87
7% July
32% May
16 Ma Apr
29
Dec
26
Dec
Dec
Nov
93/4
Dec
Oct
Apr
134%
Dec
13 Mb Mar
16%
8
12
1
2M4 Apr
8
29
112
Dec
7
Feb
Oct
10%
Jan
Nov
120
July
July 15
102 3A May
144
Jan
Aug 11
120
127
Nov
118 Ma
Dec
Apr
lll.Ma Mar
2
16%
8
34
Apr
Dec
4 Ma
Nov
151 Vz
Dec
180
2% Jan
8% May 28
Nov
May 19
Jun
8
108
170
Mar
45% July 15
19,.
Sep 20
39'Va July 2
'14r. Mar 30
28
May
11
Oct
15
205/a
Jan
303A Dec
'9Me
A
Dec
13 3/8
184
!
5mb May 10
Apr
36 y4
Feb
Dec
Jan
Jan
1mb Nov
IMa Nov
%
Jan
Nov
19
17 M,
Apr
35%
28 Ma J an
20
88M2 Nov
19
15
Apr
323/4
Jan
333/4 Jan
2
29
Jan
34 Ma
Nov
23 M4 Jan
7
42% Sep 20
x32
Sep
9
.49% Jan
5
58% July 17
5
12
106 Ma Nov
54.
62
Jan'
Ma Jan
% Jan
,
6 % May 20
118
Aug 21
9 Ma Sep
2% Jan
par
Jan
92
573/4 Jan
Office Bldg_....No
Jan
27%
95
44Me July
4 V
1% Jan
A
-
Oct
21
Apr
31v4 Jan 20
—.No par
No par
No par
37
Jan
8
170
10
Jan
•
Oct
14
130
'
shares————
$6 preferred.
Electric Storage Battery.....No par
El Paso Natural Gas
—.3
Endicott Johnson Corp:
50
700
10,900
Mus
89 Ma
l/o
—3
93/8 Sep
...
700
490
&
94
94
—
—
Electric Power & Light—
$7 preferred
11,800
6,700
107%
87,
(The)^.—
37
703/4
121% Sep
4"
4,100
Jan
159 Va
8.
2,900
18Ma
122 Va Oct
2.
Sep
Feb
Jan
14Me Apr
13% Apr
Jan 19,
Ik
78 34
.7%
7
35
x173
Oct
4 Ma
l63/4
Ms Nov
20
.100
113/s
7
Apr
May
93/4 July 16
2
par
.....No
cum
preferred—
Manufacturing Co
Nov
Jan
2 Ms May
51
35 %Jun
13
3 Ma Jan
146 Ma Jan
13%
Dec
May 28
153
8
—5
8Mb Apr
10%
4
73 Ma May
Nov 19
^^4
Edison Bros Stores Inc.——.2
73
56
VA
page
9 Ms
9 Ma
3 %
3 Ms
,74
107 y4
Ma
see
2934
3%
77
107%
96
300
35 Ms
6%
Eaton
May ,20
255/s Sep '11,
5
31% Jan
——1
Mills—
33
'
77 Ma
•
90
88 Va
*94
3%
16%
Rolling
117
Dec
Nov
70
16
July 12
45
18
20
20
17
Jan
125Me Jan
1st pfd—100
27%
30 Ma
6% Aug
16 Ma Mar
I6M4 July 15
4
Jun 24
Jan
5
134
par
Nov
99
2
Jan
Apr
Apr
May
18 Ma
25 Mi
"i
Nov
8
Nov 16
Jan
8
Jan
110
33 Mi
15
May 10
35% Oct 26
8
9
li5
4 Me
Deo
4
18
8
17
13
l223/4
1/64
16
5M4
& Co.—20
42 Mb Nov
6
48
No par
No
Eastman Kodak Co
10
*153/4
25
...No par
Eastern Airlines Inc.
16Mb
par
100
Duquesne Light 5%
1,800
35 Ma Julj)
20
Jan
Feb.
Feb
Jan
Nov
6
1
19
5
10
14
30
12
33% Mar
83 Ma Jan
—No par
(EI)
Eastern
181
48Ma Apr
7
0
Jan
10
38Vz
22%
15%
July
1
21% Jan
No par
$4.50 preferred—
500
37 Ma
9 3/8
74
3 8 Ma
107 V*
34 3/s
9 Ms
3 Ms
'
.73 Ma
2934
Du P de Nemours
1,600
36 Ma
'
'
29%
35
34 va
x9Ms
3%
77%
33/4
76
n
*179
Mar
8mb Jan
37
'
4,100
3534
No
...
34 Ma
153 Ma
22% July
3M4Jan
...2
—
153 Ma
6
153 Ma
*179
152
i
6 Ms
•6
*152
152
<•„,(
16Mb Jan 12
preferred—
'
;
16 Ms
35 Ma
'34-
33 Va
■
6
2
17M» May
10% May
International—.
1
Duplan Corp——
No par
5,500
127%
154 Va
20 Ma May
—50
Casting Co
Rights
8 4t
127 Ma
117
2
2
Dresser Mfg Co..———No par
200
137
118
Jan
8 Mi Jan
Dunhill
122
*
35M'4
■
12
138 3/4
38 Ms
:
,
122
12
*11 Mi
119%
"
"16 Ms
12
8
127 Ma
138%
139 Ma
327
119%
122
*118
122
12T
*11
263/4
12
..—100
Dome Mines Ltd—.
49 VA
1/64
27 Va
6Ms
22
48
125
—10
—
Corp-Seagr's Ltd
.—No par
5% preferred
100
Dixie Cup Co....——.—.No
par
20 Ma
,
43
Distil
Class A......
Mar
36 Ma July
Diamond T Motor Car Co..
Doehler Die
102
24M4 Sep 20
11
-
330
8
5
17% Jan
26
Jan
1,400
Jun
Jan 12
Jan
40
29 Ma
Nov
Jan
Raynolds A————No par
Diamond Match..———..No par
8% partic preferred———...23
433/4
Oct
12 Ma
10
Devoe &
29 Ma
124
27 Ms
;
173/4
Aug
26
..20
43 VA
.
48 V4
125
'
Apr
Jan
8
29
Detroit Hillsdale & S W RR Co.'.lOO
30
31
15 Ma
5
116
Jan.
2
108% Jan 20
1
Detroit Edison
30
30
DeiseJ-Wemmer-Gilbert
2Ms
3
Jun
7% Oct
19
9
par
20
....
^...No
—
tDelaware & Hudson
4
Mar
19
5
Jan
12
100
Records Inc.—.™.
Deere & Co....—
Preferred
17
(The)—1
10,500
•
31
V
Corp
Delaware Lack & Western.*
"30%-
30
Chemical
Dayton Pow & Lt 4Ma % pfd
Decca
3^4 Jan
25
10,400
20Mi
*45
100
4,300
1
—.5
preferred
Davison
600
:>■
57/s
20%
r
14 Ml
5Ms
5,000
•
18
13%
'
48 Mi
*45
12%
23
35
*34%
24
"
7
*6%
5 Ma
20 Ms
48M4
*22
7
*19
112
34%
Mi
*6%
13%
14%
5%
*45
23
*17
133/4
53/4
'
112
35%
7
24
123/s
112
*34
18
13 Ma
5 Ma
3 3 Ma
12%
35%
35%
343/8
*18
23
223/4
35 Ms
*6 Mi
24
*111
*34 Ms
*22
7
*18
112
*111
111
111
*6 Mi
.
24
*18
12 Ms
7
*6V4
•
30
92
Sep 27
92
Ma Sep 27
19 Mi
Apr
393/4 Apr
,
107 3/e
Feb
IV*
Apr
Apr
July
40
46
Nov
10
47 Va
IM4 Mar
1
A
95
Jan
'
Apr
Dec
26 3/s
Fe b
49 Ma
112
Pec
,
3 Ma
66
Oct
Jan
Jan
73
Jan
83
Jan
%
Oct
Volume
158
Number 4231
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
HIGH
AND
Saturday
Monday
Tuesday
Nov. 13
Nov. 15
Nov. 16
$
per share
10%
10
10%
47
10%
10
10 Vb
46%
$
9%
10%
45%
V
78
*6%
46%
*75
7%
>9%
20%
:
>14
6%
9%
20 %
2%
6%
7
2%
32%
33% 7
33
33
22
22 %
22%
22%
9%
9 %
9%
*14
105
.77
14
105
'
14
105
*33
105
14%
105
22%
*17
9%
34
13%
104
21
21
17%
17%
17%
*17
17%
17%
13%
>7
17%
4%
4%
4%
4%
4%
4%
4%
*22%
23 %
22%
22% 7,
22%
22%
22%
22%
22%
95
95%
95%
95 %
97
97
97
96
96
;:v 95
16%
16 7 a
*45%
16%
36%
16%
46
46
46
36%
37
36%
37
77
*106%
108%
*106%
108%
*34%
34%
34%
34%
*19
19 %
18%
19
*104
' :
16%
16%:
45
45%
45 %
36
108
7
■
36%
36
36
16%
108
103 %
7
108'/a
109
107
*104
107
34%
18%
18%
*108%
*104
106%
106%
34%
34 Va
1,400
First
18%
18%
19
3,500
Flintkote
*104%
35
34%
*25
25%
25%
25%
*25
26
6%
6%
6%
107
106
34%
106%
105
35%
35%
35
45
11%
47
*15 %
:
11%
15%
*116%
*12%
12%
*60
70
31%
12%
32
26
109
2%
4
%
4
*25%
109 %
*108%
24%
2%
24%
4
12%
12
3
*12
*24%
25 V4
7 -7 24
4
'
51%
9%
9%
9%
106 %
109%
*106'a
109 Va
12 %
' 51
'-■■■■
'
4 Va
*12
■
9%
■
9%
51%
*106%
109 %
40
*
40
40
7%
7%
*145
*
145
6%
51%
83 Va
27 %
145 V4
148
*144%
39%
40
116
*99
*82
83
81V2
28
28%
28 Va
148
*145%
148
*145Va
34%
35
33%
34%
40
39 %
39%
40
116
2V4
115
103
102
130
36 Va
49%
36%
4%
49%
126%
4%
*35
6%
6 Va
1%
*19%
19%
*
18
18
14%
14%
79 3
80
*21
•,
18
18%
7
10%
7)18%
19
*18
:
7%
:\7 /
'.Vs.
11
19%
>.*18%
41 Va
18 %
22
*
7%
.
18 Va
18
•
.7
22 V8
*18
18%
7%
7%
V'b
*67%
68%
68%
11%
10%
11%
83 %
83 Va
.
*67% >69
>;
>
7%
11%
v;
■VT
12
18%
*18'%
18 %
47
*45%
47
1
J IS
18 %
18
*45%
47
47
In
1
18
'
'
18
1.
^.•47
•
X
\i
v
*83%
84 %
18%
.
■
2%
83
33
Va
105%
>7%
7%
1 Vb
-7
18%
*46
i3
25
,
7
100%
*100
100 Va
100
*100
32%
33%
106%
106%
7Va
7%
7%
*99 V8
100 Va
*99 Vb
100'%
1 Va
1%
1%
1 Vb
O O io*"
1%
■
4%
4
15%
*14
4%
97/a
7*9%
33%
106 %
7 V4
7%
4-
4
•7- '
*
14 V\
9%
33%
*33
100
25
*24
25
.
100
33 V*
"
33'/a
33%
33 V4
*24
:
25
*24
'
•
100
25
-
,33%
106%
7%
100 Va
2,700
4
7,200
'
500
17 VB
23%
1,600
24
24
23%
24
23%
24%
24
24
23%
24
V*
*149
150
150
*149%
150
17%
17%
17%
17%
17%
17%
18%
11%
*11%
11%
11%
11V2
11%
11%
11
11
11
11
11%
17%
*11%
n
11
3%
3 %
*128
11
133
3%
■
45
3%
>129
6 %
6%
31
31
45%
44%
44%
.
3%
3%
134
13Q
-6%.
133
*6%
6%
30%
30%.
45 %
45
3%
133
6%
30%
31-V't
30
45
44%
44:%
44%
*26%
'
-
23%
>149%
7-
6%
44%
44%
■'*
45
18%
19 VB
*11 v8
11'%
11
4
11V,
3%
3%
*132
136%
6%
134%
Sep
46%
Feb
3
3%
Jan
5%
Nov
151
Aug 23
9 % Jun
Mar
106
104
Apr
Jan
140
Dec
8% May 19
2
Sep
3%
Oct
18% May 20
6%
Sep
9%
Jan
100
71% Jan
5
98% May 19
66 %
Nov
90 %
Feb
16%
Apr.
21 %
Nov
par
v
93
5
32 % May
148
4
Nov
3
39% July
2% July
120
4%
Apr
Dec
132
Nov
1
21%
Apr
30%
Oct
44 Ve July 15
x23%
Apr
Apr
40 %
Jan
119% Sep
23
2% Apr
6
118
Nov
1
107% Sep
21
111%
116 Vb July
1% Jan
% May
61
Mar
64%
102
Apr
Jan
87
Oct
Jan
12
137
July 23
122
Apr
131%
Feb
44'/a Jan
7
56
July 13
30
Jan
44%
Dec
19
129
131% May
122
par
125% Nov
No
par
i7Va Jan
7
par
2'A Jan
2
6'/a July 23
Apr
13% Aug
1% May
No
par
13% Jan '25
24% May 29
10% Mar
1
4% Jan
2
No
par
10c
103% Jan
5
No
par
3®
No par
No
par
Corp
20
No par
Jan
2
12% Jan
xl04
1
Mar
2
9
% Jan
31% Jan 28
15% Jan
5
9% Jan
2
60
Jan
2
16% Jan
15'% Jan
4
4
4
5
14% Jan
14
No par
No par
Rubber
4% Jan
60% Jan
5
Jan
59
Jan
14% Jan
41
Jan
A Jan
1% Jan
73% Sep
24% Jan
83
Jan
25 Vs Jan
90% Jan
4% Jan
2
Co
108
39
Nov
6
18
8% Jun
8
3%
13
99 %
A
10%
25% May 20
112 % July 15
1% Jun
59
17
23% Mar
4
15
91
July
24 Vb Jun
9
10
23% May 29
112
July
25% Jun
Nov
5%
Jan
109% May
% Jan
Apr
14%
107 %
%
Oct
Mar
31%
Nov
Apr
8% May
19 %
Jan
23
14%
9
July
Jan
14%
Apr
% Mar
101
4
Sep
Jan
3%
Jan
2 Vb
July
30
Aug
May 10
128
Sep
Nov
112
4
Jan
No par
-No par
No
preferred
conv
50
Co
Brewing
—
—
No
No
No
—No
Hosiery
Preferred
*57
55%
10
Jun
Jun
Feb
79%
13% Mar
11
Nov
|Jan
20
Jan
16%
May
Sep
Dec
8
101%
28
7%
Jan
15%
Dec
3
Jan
5'/a
Nov
110
Feb
45
■
18%
*11
11%
3%
134
45 %
1,200
,2,100
11%
2,100
4
134
4,500
8%
30'%
30%
30%
31
33
2,400
*5
44%
x44%
44%
44%
45%
6,000
Gulf
27%
*26%
27%
*26%
27%
*36%
37
6%
6%
5,400
14
8
12%
Sep
16
22
37%
Jan
44. e f Feb
1% May
6
%
Jun
fj; Jan
3% May
6
Jun
1% July
>
Oct
2%-Jan
97% Aug 25
73
Nov
82
45% Sep
20
13
Jan
27
Dec
25
56
Jan
83%
Dec
102
Oct
'
Feb
41% July 17
10%
Jan
27
9
108% July 14
60%
Jan
90%
Dec
11
9% Apr 29
100
Nov
5
1%
Jan
4%
Nov
Jan
81%
Dec
A Sep
1 Vb
Nov
11
x58
2% May 10
Dec
7
4
Sep
Jan
5
17
July 13
6
Mar
8%
Dec
7% Jan
9
13% May 29
6
Apr
9%
Nov
3
37
6% Apr
5%
Jan
29% Feb
24% Jan 27
15
Jan
6
26
July
2
18
Apr
1
13%
Dec
18%
Oct
21"% Jan
7
32% May 10
19%
Jun
25%
Feb
23% Nov
19
par
—100
100
Sep
27% Jan
22
11
Sugar
preferred
8
130
Apr
65
Jan
27
50
Sep 27
25
July
Apr
May 27
153 % May
19
14% Jan
4
21
Jan
4
13% July 16
10% Nov
9
17% May
No par
No T»"r
nreferred.
25
Corp
Apr
2
11
No par
100
22%
July
10
—10
1
23
Jan
50
1
22% May
57% Sep
138
No par
(The)
preferred-..
Gulf Mobile & Ohio RR
Oil
8
13
12
22% July 16
48
Nov
5"%, Jan
65%; Jan
8
No par
Guantanamo
150
6%
2
.61
Apr
May
par
pfd—No par
Grumman Aircraft Corp
6%
50
4
No
Prop
6%
Sugar
Grevhound Corp
5%%
Jan
4
4
20
Ore
Iron
Bay & West RR
Green (H L) Co Inc
11,800
11%
80
x40% Mar
17
85% Oct
10
Green
19%
par
100
May 20
14% Sep
4
2
5
5
No
Co
Western
par
74
2
..No par
——
Preferred
20
par
4
9% May 10
Jan
2
Nov 16
preferred
Great
3,900
:•
58%
par
1
Granby Consol M S & P
Nor
1
100
No par
(B F)
(W T)
par
-1
Graham-Paige Motors
5%
;
23%
150
'
45%
35 V
4
1
Grand Union Co
24%
45 Vn
Nov
98
2
2
100
Great Northern Ry
17
V4
45%
7%
7
Aug 31
Jun
51
12
preferred—No par
Great
17%
24
>4
Apr
Dec
10
Refractories
4,100
17 Vb
23%
45
1
Oct
Feb
53
9% Jun
r
4-
Mar
Jan
3%
.10%
Feb
3%
Jan
21
May
2% July
8% Apr
25
Sep
Jan
2% Jan
7% Jan
(Adolf)
Gotham
25
1T%
24
58%
11% Oct
107
2%
2%
11
4% Jan
100
9,000
*24
17
*57.
16
Jan
par
100
Equip Corp
Grant
23%
58%
134
par
Sep
No
500
17%
*57
5% Jan
Jan
51
Feb
May
38%
Jun
8
10%
45
No par
No
33%
33
24 %
*149%
4
No par
Granite City Steel
17%
58%
29
Jan
.
600
23 Va
150
4
Jan
Juiy 28
83% Jan 14
9%
17%
150
6% Jan
1%
1%
1
14% Oct
14% Apr 26
53% Apr
2
15
113% Jan 22
1% Aug
9
4 V4
24%
*57
Jun
par
No par
15%
17%
58%
51
10
30% July 13
6% Jun
1.
12
No
%
24l/4
149%
4% Jun
4>/b May 17
■
11
preferred series A-No par
9%
17%
149%
31% Jun
110
11
Jan
13
*14%
:•
24%
457,:"
3
9% Jan
Jan
preferred
Goodyear Tire & Rubb
$5 conv preferred
6,300
17%
59%
19% Jan
.
34
5%
20
1 Vb
24 Vb
*57
Nov
No
Goodrich Co
300
'
15%
9%
4%%
Gobel
7,100
V/b
4 '4
Va
Jan
97
37
Gold & Stock Telegraph Co
*99 Va
*914
18
Apr
Corp
fGoebel
7 Va
1 Va
*14
Apr
2
100
33%
100
9%
15%
85 Va
30% Jan
600
■•
106%
7%
■7-;-T%
4
2%
83
38 Vb
33 Va
100
4»a
2%
83
37%
106
7%
16
V>
100
32%
10
Aug 23
No par
$6 preferred
Glldden Co (The)
2,400
83
*105
Apr
2
Gimbel Brothers
700
1
37%
9%
33%
*24
'
32%
106 V4
7'
16
9 %
*33
33 %
*24
37
300
-'47
1
2%
*82
37%
33»/a
*14
*33
84 Va
37
106 V*
1%
T
2%
27/b
*81
37 Va
*7%
4%
9%
*9%
101
*99 Va
16
>14%
.
2%
83
3634
33 'A
1 Vb
TV, 4%
:
2 7a
83
,
*105%
;
r-f O O
*99 Va
2%
38
*100
33%
105%
7
83
37 v4
100%
83
37%
100%
2%
*2%
,
83 Va
37%'
27
5
Safety Razor
$5 conv preferred
600
'
7*2%
July 10
102
No par
Gillette
7,500
'
*18%
38 V4
20% Jan
&
Nov
13
130 % Jan
Tire
18%
Jun
6
preferred
General
Nov
/Oct
2
General Shoe Corp
1,000
136
5
11
preferred
9,200
'
May
14% Sep
Jan
5
Gen Time Instru Corp
18%
114
Dec
12%
38
5
i
Telephone
Jan
42
Apr
21
17
No par
Printing Ink
preferred
6%
11 Va
27% Mar
28
—100
General
Jan
36% Mar
Sep
No par
Cigar Inc
800
Feb
5 Va
May
Aug
8% Sep
14% Oct
9 Va Jan
preferred..—.
Gen Steel Cast $6
_20
1
Dec
21%
30'/a Oct
—5 %
400
'
27%
7
75
1% Jan
Corp—.
May
Jan
16
2Va Jan
No
Precision
General
21
8
12
Dec
96%
3
9%
Feb
16%
Feb
2
par
Jun
140
5.
5% Jan
50
,—50
Realty & Utilities
$6 pref opt div series
18 VB
12
12
Gen
;900
5
4
May
Nov
39 Va
28
7
19% May
16% Jan
.1 '
preferred
6%
13% July
51
7
Jan
No
Ponds
July 15;
4:
Xll6% Nov
.5
—.
Bronze
9'/a July 15
50
3
96% Jan
.No
Railway Signal
13 Va
9% Jan
—1
Transportation
Gen
800
22 Va
105
Jan
'
784
83%
112% July 12
10 % Jan
par
Inc
Outdoor Adv A
$6
50
112
1
General
3,000
-
100
No par
(The)
1,400
7>V'
%
80 Va
7%
7
69
11
83%
May
Public Service
13 Va
18%
.*•' 7%
711
lt
Gen
1,800
*17%
86
1
Industries
Gen
18%
*111
July 29
100
cl A
3,100
46
22'/a
18%
112
109
_
Common
100
:>
80%
13%
22 Ve
1
18%
80%
*17%
17%
115
1
*43%
13 Va
18
7%:>:
*45%
U
7
112
69%
-
;.V '
44
79%
'
112
18% '
7
7
19%
*111%
',.7
1%
18%
•
.
22%
*16%
115
*42%
*111
7
„
7: 19 Va
1
11
10
preferred
$5
Gen
2,400
1,100
1%
83 %
11
83 Va
1 Va
V
18 •*•
*67%
69%
22 %
112
*18
7
83%
18%
6%
7
977/a Jan
General Motors Corp
1,600
109 VB
1%
*111%
13%
69%
'•>45 % 747
63a
109 Va
7'.'
v
par
Baking
conv
5%
1,000
18 Va
1%
1 Vb
41 Va
1.7%
110
9%
25
General Mills
1,400
4%
4
6%
'
7.:
38
•',;%' 4%
1%
:'••'••
112
*1
126%
38
17 3
•"•-•■; 6%
19%
112
vT
125%
•
4%
no
1%
80
•10%
1
6%
19%
>
•:
111%
13%
'86
,*1
17%
79%
7'
70
*83 %
18%
13%
*18
49
39
4%
1%
18 %
22%
'•
126Va
38
4%
6%
113
126
127%
36
*110
41%
*17
49 %
2
preferred.—
$4.50
$6
27,700
81
7
'
*69%
50
48%
49%
Apr
16
22 Va Jun
-No
Gen Gas & Electric A
60
140
77
1
*111
11,000
400
r.
Apr
29%
39 Va Jun
7
preferred
General
150
2%
115
102
1334
18%
114%
2 Va
115
87 V2
6
pfd—100
General Electric Co
4,000
129
6V2
18 Va
22
114%
2 %
Dec
-No par
A
General
31,200
129
17%
-
20 7
112
39%
40
7*101
80
22
34%
101
13%
*17
•7
34
115
Dec
26%
(Robert)
Co
cum
7%
129
80
*111
1,000
•'
148
101
13%
:tv
22
29
7%>
129
80
112
115
2%
*112
*4 %
*
17%
4IV4
'
18%
*17%
;
1
18
17%
V
Dec
43'/a
Jan
43
39 % Feb
General Cable Corp
Class
102
126%
•
1%
1
•41
7 ;7>:
J.4%
Apr
13%
—10
preferred
120
•
•
$8
Generai
600
130
49
-
111%
*111 Va
1
41.
114%
2%
114
36
19%
7
•
-
4%
Hi
113
111 Va
44
4
19 7
19
1%
*41
*110..
1%
34%
40 Vb
39%
Apr
29%
20
(The)
Amer
500
130
36
*6%
111%
1%
113
i;.;-, 1
6%
6%
*110
112
•
4,100
•
101
7
126%
*4Tb
17%
General
10
6 Va
a
7%
28
July 15
-
Co
$6 preferred
Gen
4.400
83
281
2
50% Jun
5
—1___
Gen Amer Investors
3,300
3%
*145
19 Va Jun
8
14
15% Jan
Gaylord Container Corp
5%% conv preferred—
'
36
18
:>
'77
.
27
Jan
31% Jan
preferred—:
Inc
Wood
Gar
600
''
,
25% Jan
42
.No
•
49%
49 Va
126 Va
4%
17%
1%
'
-7
38 *
4%
18
18
*111
*111
130
126%
148
33%
115
2%
"7
102
130
49%
*111 %
115
2%
111%
*99'/a
127
112
•
115
111%
*145
.
Nov
104% Jan
preferred
Gamewell
50
8,500
10%
V 82
-
Apr
74%
16
100
Inc
Trailer
Co
Co
'
40
'2%
2%
*111%- 113
-
146
3%
•:
11%
97 % Oct
par
preferred
conv
6%
100
10 Va
>
82
*27 «/4
130
49%
•
148
:
•7.
39%
6%
3%
IOVb
27'/4
132
126%
6Va
3%
*10%
84
27%
101%
Va
*6 V4
7
3%
10 Va
5%
Gair
7% % 7%
■-
Jan
25 % July 14
8
par
Sulphur Co
Fruehauf
Gabriel
107
146
3%
35%
■7:
115
*130
7:
*83
27 %
*115
2%
2%
147-
10%
,7.;
34%
35 VB
*110
4
11
39%
34%
116
6%
■77
7%
*145
*
83 %
28
*6V4
7%
7,7
prior
Freeport
2,300
9%
:•
39%
7%
6%
600
4 Vs
*106Va
Jan
2
No
Corp—
preferred
conv
1,300
9%
•T
39%'
Feb
18 Va
87
Jan
78% Jan
.No
Francisco Sugar Co—
100
106%
147
$7
500
51%
39%
7%
.
12%
106 Va
6%
3%
*10%
11%
*83
83%
7:
4%
15
Machinery Corp
3,600
25 %
40
*145
'
*51%
9%
Jun
100
A
Foster-Wheeler
400
*12
107
7%
.7
147
*6%
4
*10%
*27%
*
6%
3%
10%
51%
9%
9%
3
5
2%
=V
6
2
30
24 Va
4
6% Apr
12% Jan
preferred
conv
3
39%
7%
7%
•
4 Vb
12 Vb
'.
12%
*106Va
!
40
>145
147
6%
4
3%
10%
39%
7%
7%
,
147
*6%
40
*
4
10
F'k'n Simon & Co Inc 7%
;
51
9%
26%
.
13%
3% Jan
1,400
12 Va
24%
12
'
9%
%
4 Ve
7:
3
Apr
30% Jan
7
109
*2%
3
12%
8
Apr
11,300
7f
31
108 %
2%
3
13%
4 %
Tv
2%
3 V&
12%
12
*51
2%
110
25
Mar
5%
Jan
17% Oct
15
100
14
30%
26%
3
13
4%
*51
.31%
2%
2%
12%
4
12%
51%
*2 V4
*30%
7
19
70
x26 %
Jan
Dec
18
18
116%
31 %
24 »/a
11
116%
26%
Jan
93
Dec
No
Food Fair Stores
13%
8%
Sep
5
10
Food
*18%
Jun
19%
Jun
100
*63
6
69%
Apr
29%
Jun
800
77
19% July 13
105% July 27
28
1,200
'
Jan
36
11%
>
Jan
293/4
7
16
7"
37%
par
$2.50
Co
47
13%
Apr
Jun
8
80
116%
IV* Nov
19
19% Jan
700
Oct
27 Ts
'
25% Jan
6%
Sep
Dec
1
par
46%
7
4%
7%
*
Jan
Florsheim Shoe class A—— .No
par
Follansbee Steel Corp
10
15%
19
2
Oct
28%
Apr
Florence Stove
11%
70
No
...
preferred
47
13%
-No par
_
series
11%
*63
i
Stores
15%
*18%
6To Jan
86
Jan
kk
Mar 26
May 27
11 % Nov
(The)
116%
•.:'■•■
42
28
10'/a
May
200
6%
109%
-
25%
*24-%
V«
:
31
$4.50
Co
1%
4%
500
*45%
7
preferred
National
47%
14%-'
9
6
Jun
20
1
9
Corp
15%
*46
116%
70
6%
3% July
9% Nov
f'
•
26
*25%
109
12
12
13
*51
26%
2%
25%
*12%
31%
:
2%
2%
12
25%
31%
*60
'
*25
46
11%
7
1.9
127a
25%
*108%
3
*12
13%
7
109
2%
2%
*2%
19
70
26 %
*108%
116%
7
v *60
31%
V
*6%
15
19%
26
46
11%
47 ;
*14%
116%
12%
70
x31t>
26%
*108%
12%
*60
*11%
*46
19%
'•
6%
45%
11%
116%
19%
%
*44%
15%
15%
133
*19%
*25
47%
*46
15%
*116%
19 %
*25%
47 V2
15 %
6
45
11%
.
26
*25
V
6%
45
11%
*46
133
19%
*6%
45
*44%
*46
6%
80
35
V.'
11%
7 400
106 >
19
21 % Jan
preferred
Enamel
34 Va
107
% Jan
x32% Nov
Fidel Phen Fire Ins N Y
18%
*34%
45
Ferro
34
34%
8
5
29% Mar 30
20
Firestone Tire & Rubber
34%
*34%
*«%
700
2,700
.18%
35%
9% Jun
14% Jun
8
.No par
Dept Stores
conv
17Ta
*34%
2
4
Nov
3% Jan
4%%
Mar 26
5% Jan
20
Feb
34%
'
1
3% Jan
3
13
'
34%
:
Dec
5
V
7-2.900
:
70
7
280
38 Va
Dec
Federal-Mogul Corp
400
46
70
13
96%
16%
77
Jan
96%
45%
18
20% Jan
Federated
36%
68% Jan
Rad Corp_.l
&
Federal Motor Truck
V
Oct
Jan
2
1,100
v''v
10
44
Light & Traction— —15
.No par
preferred
1,400
16%
*16%
Jan
Jun
Federal
4%
;
4%
37/a
32%
Federal Min & Smelt Co
22%
7
4
-—5
"77 4%
7
163/4 May
16% May 4
52% May 19
,
*22%
4%
43
7 7
17% 7?
9
9
& Co
$6
t per share
12
5
Co
Corp
Fajardo Sug Co of Pr Rico_
/
Highest
t per share
Jan
8
Corp——2.50
660
$ per share
.50
Famsworth Televis'n
500
2,000
8VWau
Lowest
39% Jan
Cleaner
Vacuum
Year 1942
Highest
100
Fairbanks Morse
1,100
21%
par
Exchange Buffet
11,900
13%
No
int
Products
•
V
37
16%
45
■•;
46%:
37
4% 7
Eureka
1,200
:
104
■
17 Va
23
4%
33%
21 %
21%'
400
10%
104%
*21 y4
Evans
Ex-Cell-O
22%
13%
22%
1,200
3.800
3
104%
7
21%
oenef
Lowest
$ per share
par
Pitts RR Co
&
3,600
9%
,—-No
5% pref series A
7%
33
7
■
Otis of
Erie
*22%
•r
Range Sine© January 1
'
common-,.-
10%
3
22%
9%
9%
1.400
RR
22
20%
2%
Erie
13,500
7
V 9%
Range for Previous
STOCK
Par
78
9%
20
2%
10%
20 %
9%
9%
YORK
EXCHANGE
3,500
45%
45%
*76
NEW
Shares
10%
10
•'
78
21%
14%
105
10%
45
*76
22
2%
the Week
$ per share
10%
x45
21%
10
*22%
>:
3
share
34
21%
*14%
17%
*2%
v
■
%
6%
,
9%
20%
9%
22%
*17
7
9%
34
107
*22%
'7
.
Sales
Nov. 19
10%
10
78
20%
2%
•Tv
14%
*104%
46
*76
oer
10%
10%
46
78
20%
9%.
7
9%
46
>$%
: .v
21%
9%
.7%
:
.
10 %
46
9%
33%
21%
9%
$
share
for
Friday
V Nov. 18
10%
20%
3
33%
'
10%
per
*76
78
7
10%
20%
*2%
10%
STOCKS
Thursday
Nov. 17
$ per share
RECORD
PRICES
Wednesday
S per share
10%
*77
<
SALE
2057
31% Jan
2% Jan
2
81 % Jan 19
3% Jan 12
25% Jan
2
45% Aug
2
4
10%
10
Apr
Mar
9% May
1% May
32
25
28%
143
Nov
Feb
Jan
Jan
63%
Nov
33%
Jan
14%
Dec
11% Aug
14%
3%
Jan
Jan
Jun
11
160% Jun
12
48%
Jan
5
41% May 12
50% July 26
2%
Jun
4%
Oct
18
Jun
33%
Oct
3
Apr 13
19% May
25
Feb
29
Apr
35
Dec
8% Mar
13
5
10 % May
86
Sep
H
*26%.
*26 VB.
28%
*36%-.,37%
*15%
*12"..
*105%
16
For
,
.
15%; -15%,
-13%
108
28%.
*36%,:. 37
*12
13%
*105%
footnotes
see
-
108
page
*26%
*36%
37
*15
15%
*12
.
'13%
*105%
2063.
27%
108.
7
.
;
*36%
37
*15
15%
*12
*105%
*36%-' 37
,
,13%.
108
-
*15
*12
>105
.
15%
13%
108
15% .15%
>12 ' •' " 13%
>105
108
Hackensack
—
7%
700
-
1—
Hall
Hamilton
—
'
6%
23
A.
-
35
Jun
1
12% Jan
5
9% Jan 18
No par
Watch Co
preferred-:
22% Feb
25
10
Water
preferred class
Printing Co
:
.
100
11
104% Mar 13
28% Sep
38
18% July 23
15% Jun
4
110% July 28
8
Jun
95
Mar
Aug
11% Nov
106%
Feb
2058
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, November 22, 1943
NEW YORK STOCK RECORD
LOW
Saturday
*104% 106%
106%
*14%
15
*5%
5%
•
*102
5%
105
15
142
*140
15
5%.
5%
*102
105
14%
14%
*102
105
14%
6%
"6%
6%
6%
6%
6%
2Vu
2 Vb
2 "4
9 1
2'
2% •Y 2%
101 %
101%
*02
100%
04
100'
101%
*62
*103
14%
14%
79'4
79J,4
*02
63
14%
.14-'! a
14'
14%
80
80
801
130
130
130
131
*61
63
*61
64%
*112'%
-112
116
18 %
*18
18%,
*18
18%
18%
*18%
19%
*19
37
37
*36%
37%
*13
13%
13%
*12%
13
*115
38%
*,38
*40%
38 %
42
12%
12 7
*52
110
38
:
64%
65%
6%
32%
6'A
32
53%
*1%
111%
63'%
64%
6%
6%
1%
H%
%
1,400
X'
37%
38%
42
42
42
13
13%
53%
T/o
.1,210
54
52%
,
111%
111
5,300
\
63%
6%
6%
32%
32%
*32%
1%
1%
79%
152
73
6%
7%
24
V;,
7%
1%
7
6%
24
23%
*6%
24 %
,
1 %
7%
X7%
1
1%
V
7%
%
1%
.
*6
6%
234.,:
6%
23%
6
23%
10
14% Jan
6
21% May 10
18
28% Jan
21
25% July 13
•40% July 2
17'% July 12
5 ■;
Jan
7
.No par
6
12% Sep
115
8
Jun
31
1
12.50
22
9% Jan
5
-No par
44
preferred..——. —100
105
Oil
Sep
20
Jan
2
Mar 10
42%
c.
114
i Hudson & Manhattan
41% Apr
7%
IV4
■-%./ 1%
1%
,
4,300
■•
5%
38%
39%
Oct
Jan
11%
Nov
30 %
Apr
44 la
Dec
96
Feb
106
May
Sep
1
~2
"Apr
4%
Oct
29% May
July 13
34%
Feb
%
% Jan
7
2% Jun
18
%
Jan
8
10% Jun
17
Jan
5 %
Aug
7
29% Mar 30
16%
Apr
23%
Dec
4% Jan
2
11%'July 12
3%
Jan
^ Jan
2
2% May 10
-No par
Hupp Motor Car Corp
f
Feb
Oct
Jan
4% Jan
Hudson Motor Car.:
7%
Dec
Jan
115
22 V4 Jan
5,100
7%
1 Vb
Dec
—100
Hud
7%
7 %
18%
Dec
non-cum preferred.,.. —..100
Bay.Min & Sm Ltd.—a .No par
300
2,600
1%
Nov
8%
5
4
9 14
Dec
Nov
21%
July 12
68 Vb Nov
15
17
29%
27
July 2
17
July 22
57% July 30
59% Aug 31
37b Jan
2
—25
Howe Sound Co
110
45
30% Jan
t
v
Jan
Jan
12%
9
Oct
Dec
102%
Mar
6
8
5
12
17
Apr
115% Jun
11
Dec
48%
14% Jan
—
of Texas
75%
12% Mar
16 Vt Jan
10 t
Nov
134
Mar
—1 '
Jan
67(;
7%
Feb
79
Oct
Feb
14%
Apr
Aug 16
136% Aug 26
36% Jan
24 %
1%
51
125,
118
May
..No par
.No par
24 %
7%
2
Jan
100
*6%
1%
10% Apr
100
(Del)
24
7%
,
Dec
158
Apr
-No par
Light & Power Co.. -No par
:
Jan
58 %
30% Mar
Houston
300
141%
1%
94%
July 14
(CE) The
6
23%
Jim
May
8% Nov
Apr
71
Houston
1%
87
88
Jun
Jan
Household Finance
700
Jan
3
Dec
May
45
9
17% July
12% Jan
Mar
Jan
Jan
4%
5% May
49
preferred
Y'-'r 5%
10','4 May 28
167
16%
146
Jan
130
2,500
.Y
Jan
80
100
5,600
,
33
1%
%
110% July 23
71
Apr
2
56% Jan
11
No par
Class B
60
62%
6%
3% Mav 10
93% Jan 20
100
;
Homestake Mining.
Houdaille-Hershey cl A
r
500
Ill
2
_No par
No pur
Holly Sugar Corp...
■
2,700
V
preferred—
Holland Furnace
:f
A.
16
1% Jan
109% Oct
Jan
104
Apr
3% Mar
7 % May 29
6% Nov
25
V Hollander & Sons (A)
3,900
13 ■%
117
64%
1%
Hires Co
..
86
Y.Y25
preferred
cum
5
Apr
2
Hlnde & Dauch Paper Co
100
6%
x64
32 %
32
32
1%
■
*52%
6%
-32
1%
53%
111V,
*110
64%
6%
32%
1 Va
53 %
53%
37%
6 r/o
700
■
16%
16
*115
Co..
Hercules Powder
200
a.-
12%
*40%
12%
18
37
*13%
13%
,,
4% Jan
Apr
12%
I per share
X126
Jan
W|
non-eum
3
08
l
YYY Hershey Chocolate...
Y~
$4 conv preferred
19%
36%
117
37 Va
12%
*19%
16%
15%
*13
42
*17
Glass
6
.Feb
Highest
$ per share
107% Sep 13
18% July 6
144 % May 14
—2
...
Hercules Motors...
..
.
40
116
(G
7%
900
•
•
135
Year 1912
Lowest
$ per share
■
6 %
241
*
18
20%
37
*115
37%
12%
110
64
^6%
*31%
1%
37%
Y
:
13%
117
*40 7 »
13
loo
15
14%
13%
*115
42
64%
6%
Y
38%
12%
53%
*17
78%
63
*112%
Helme
Y'1 6,300
■
131%
*60
116
*19
*40%
110
110
*112%
*36%
14
:
*130
Hazel-Atlas
6
13% Jan
100
100
Hayes Mfg Corp
...
16%
99% Jan
pur
' Hayes Industries Inc
700
;
.No
—Y
preferred
450
a;.
62
78%
64
18%
13
12%
*52%
53 Va.
110
38%.,
H
:
101 %
—
16
'
131%
*60
36
117
42
*40%
12%
79%
18%
13
800
16%
36
*115
12%
117
115
6%%
2,900
78%
18
Y'YISY
Y%
6%
101%
preferred
No par
Hat Corp of Amer class A——1
600
2%
62
19%
14
■13%
12%
*
117
18%
105
*163
36%
36%
5%%;
6%
15Vb
116
6%
2%
102%
*130
(M A) Co $5 pfd
Harbison-Walk Refrac
1,400
.
6%
62
64 %
*112%
116
a
J102
Y'Y
a
131
15%
t per share
Far
-
Hanna
20
142
5%
62
•
15
80
*60
.15 %
*163
130
*112'/a' 116
101%
63
%
Range Since January 1
Lowest
Highest
-~Y 'Y
2%
2
*163
Shares
105
'138
105
*6%
101%
62'
%
80
14%
64 Va
*18
101%
102
163
*79
Y 131
*130
a
*62', b
65
*163
6%
.
per share
5%
*102
21
e
15
5%
105
0*4
a
EXCHANGE
105
142
Range for Previous
NEW YORK STOCK
the Week
5
105
*138
5 %
*5%
•.
*104'%
142
*140
Sales for
Nov. 10
$ per share
105
105
142
5%
*102
$ per share
106%
*140
15%
15%
142
*104%
Friday
Nov. 18
Nov. 17
$ per share
share
per
STOCKS
Thursday
Wednesday
Nov. 16
S
PRICES
SALE
Tuesday
Nov. 15
S per share
*140
HIGH
Monday
Nov. 13
*104*4
AND
.
—
Y——1 :
2
1% Aug
5
% Nov
1%
ft Jan
Apr
\
10%
10
10
24
10
23 %
237«
%
10%
10
10
9%
9%
10%
10
23%
23%
23%
24
43
43
42%
43
10%
' 8,000
,
"
*23
43
*23%
.
44
*43
43 %
23 %
23
44
43
*43
23'4
43
Y
Illinois
Central
700
6%
300
Leased
7%
7%
*7%
17
*16%
*35 %
89%
89
:
16%
35i4
89%
.
7;!-,
35%
90
89%
7%
7%
16%
16 %
16%
16%
35
35
35
35
35
35%
8,9
89%
89
89%
89
89%
:
*161
7%
7%
7%
7
7
16 %
1,210
lines
*160
10
10%
■*71
162
*160
71
"
30
70%
9%
8
i
10
69
9%
*7%
»
*7%
30
29 '■
30
"112
72
*70%
70 Va
162
"
*112
112%
7%
*2.9
30%
*112
112%
■
112%
29
29
*29
112 Va
10
10%
3,900
7%
*30
6Vo
*
400
112%
preferred..
Steel
■'•••
6 </o
7
6;'n
*6%
:
65%
67%
67
7
65 7
.
168
1%
1%
%
1 'b
14%
15
15
15
15%
*63 %
65%
65 %
05%
66
66
*4'%
...
4%
t
26%;'.
26%
/
168
15 8
64
.'
Y.
1%
1
66
66
66 Va
%
4'%
*39%
42 7 b
7
58
58
60
4V8
■
26 V 4
132%
41%
*39
'113
62%
7%
•••■%:
36%
35%
35%
*35%
49
*47 V*
50
*113
120
65%
66
1,500
12
60 Va
41 Va
*39 Vb
41%
36
36 V.4
113
*36
49
1.13
5%
2,300
v.
*36
36%
*104
11%
12%
*
*11%
*
.
11%
16
*29
:
16
109%
28
85
88%
129%
6(5
,
54%
66%
55
20%
54%
56
66
20%
66%
10%
11
11%
11= 5 b
75
I
811
20%
201!•'»
64 %
10 %
54%
*541%
67
10%
15%
109
15
*29
29%
31<V,
81
82 V4
*128 J%
*75
20 Vb
55
*54%
'
66' it
65
10'"'«
10'%
10%.
*16 V;»
16%
%
'
■l
-
20%
55
55
66%
67
10%
*10%
(W B)
4J/4%
•
110
20%
July 27
177
147
May
May 10
V. July
Mur 25
36 % Apr
1%
24 Va
63% Nov
1
11%-Jun
11
—100
102% Jan
15
No par
6% Jan
No par
6% Jan
115
1%
Teleg
Stores.—No
v
10% Jan
48%
Feb
32
Feb
May
May
39
94
2
7
18%, Sep 21
111% Aug 26
5
27 % Jan
1
16% May 10
32% Apr
\Jun.,
24%
127
9'/a Jan
1
Inc
26
Feb
12
19
16 >/2 July
34
Oct
7 J/8
Nov
Jan
7 Vb Nov
'
Jun
preferred
—100
par
70
Jail
21
100
126
Jan
27
136
stamped.,, 100
78
Aug 16
79
Aug 28
—
Joliet
&
Chicago
RR
85
July 21
Manville Corp_rY_..—No
Preferred
Jones &
700
5%
Laughlin Steel..
pref series A
800
5%
pref series B
99 V8 Mar 30
10%
Jan
Dec
32% Jan
V
138
Jan'
Nov
10%
Nov
33%
Jan
May
107%
50% May
73 %
.122
Jan
1,900
7
26% Apr
6
100
54
Nov
9
65
Apr
5
53%
100
64% Jan
8
82
Apr
6
61
—Y_—_i
8% Jan
4
12% Jun
25
.—10
xl2% Jan
19
19 %
23
5
Feb
122% Feb
2
9
117
Mar
5 % Jail
2
10% Apr
8
Jan
13
29% Apr
6
7% Jan
6
Joy
Mfg
—
'
Co
...No par
.
couv.
19% Jan
Jan
Dec
129
Nov
■'
Kan City P & L pf ser B—No par
-
..
18% May
July 14
109'% Aug 19
92 J/2 Sep 27
Johns
-1
7,400
V
Y:
95
%.:• 11
Apr
5%
8
Apr
Nov
10 Va
Apr
7%> Apr
3
Oct
Jan
-
6%
"a
104%
88 %
2
1
Co
Jan
Mar
1%
18
Noy
26
July 14
4
Jan
3 %
May
16% May 10
14
,
60%
46%
:
Oct
39
7
90% Jan
.
Jan
26
7
9% Jan
par
Oct
Dec
15%
Oct:
30%
.
V\ Nov
307b
136
7%' Dec
43% Mar
1
44
Apr
5
38% July 26
52% Oct 28
4
7
4
Jan
13% Nov
Dec
Dec
■
Apr
126%
Jan
12%
Apr
5
July
57
Apr
July 14
Dec
:
%
3% May
38
July 2
6%'Muy 11
138
Jan
166
July 16
Jan
—
4 Ve
Jan
61
■V 71 % July 12
Jan
Jan
8
151%
Apr
4
36
10%
;
40
11
28
Feb
28
% Jan
par
No par
.50
Jan
5%. May
109% Mar
3% Jan
—100
Jewel Tea Co
3,000
66 Va
2
Feb
23 Va
m%
'
———'i
55
45% Jan
39
preferred
Jarvis
900
"
20%
2
37
Preferred
700
-
,
w—
12
100
Island Creek. Coal.———.
128%
*75
;
.
6
Sep 24
74% Jun
5
•
18
Apr
8% Jan
Intertype; Corp..-j.—.—No par
83 'A
*128%
128 J/a
3% Jan
1—100
200
111
82
9
25% Nov
130
No
preferred—
$6
12
Jan
6 %
I-
100% Aug
5% Apr
67
Silver—
Interstate Dept
10
28 J/2
28
20
8
100
143
*106%
Mar 29
9% Apr
177
55% Jan
Foreign share ctfs..
1,300
■
■
29%
*11%
27%
111
Y
15
*138
9
9
2
19
Salt
Intern'l Teiep &
2,500
15%
29%
Mar 29
'
108,700
109
,15
11%
27%
*106 V4
20-' !»
15 Va
*108%
143
11%
:
111
60
11
15%
*138
....
20%
*06
12
*.14%
84'!%
*75
■
11%
*108'/a
128;1/^: 12811*
...
11%
15
271%
*106'%
84%
12%
109
143
271
111
11%
11%
29%
*140
v
129% 129%
£
14%
*29
28
106%
*75
20%
143
1.1%
.
28
*
11%
Nov
Jan
.
6
115
5
International Shoe.——
7%
'28
21
5
■
International
100
27
Jan
162
.15
preferred
300
>
Jan
1
Jan
% Jan
Co
100
r,
120
11%
16
*108%
15
30%
*i4o
111
129%
....
20%
*10%
12
11 %
*14%
-
12%
106%
84
85
329%
:
29%*
27 %
28
*75
11%
*108%
13
143
*140
111
129%
32%
12
16
16V,
108%
29%
12%
-1
"1(16%
*84
11%'
12
1
'
3 43
*11 %
971
i
16%
*14 %
3.5
29%
110
12%.
12U
108 Va
109%
'
141 it
*28:%
x
*12
,u
16%-J
*16%
'108%
!
11%
31 Vb
conv
Paper
International
49 Vb
*48
12%
8% July
38% July
8% May
5 Va Apr
18% Oct
11% Jan
5%. preferred--—-—
41%
8
56% Jan
Inter Rys of Cent Am„——No par
750
:
'
*11 %
preferred...
International
4,100
S
7%..
Feb
15% Apr
6
Preferred Y-'~—_ :. YY_ Y—.... 100
64%
Dec
8
144% Jan 20
International Mining' Corp..—1
Int Nickel of Canada———JNo par
15,600
Jan
74%
..5
Chem...
50
61Tb
*39 Vb
120
4 cIc
&
36,900
7%
49 Vb
*103%
Vb
100
163 %
Apr
168
—100
Min
V 2.200
12%
May
July
54
Hydro-ElecSys class A—25
International
4%
61
36%
*46 V4
Int
74
153
6
V
pur
100
26 Va
133
64
7%
58%
*46%
120
3,800
par
Y
7
July 23
17
21% Jan
No par
Harvester..—No
Preferred.-'
Y 2.900
25 Va
63 Va
7%
59%
36%
49
1%
*132 Vb
12%
*39 %
41 %
*113
63%
7 >
120
'
12
380
15%
4'/4
28
132%
55 '7
49
*35 %
*47%
12%t
63
7
57
*39%
'
12
A.
International
Oct
78% July 24
106
par
No
Apr
5
t 6%.
par
No
—
Mar
4%
9% Nov
..100
Business Machines..;
.Vint
4,600
15
4 V«
25 Va
133 »-4
64
'
57
:
%
Feb
Dec
42
Jan
62
__1
.No
Nov
158% Apr
20
preferred
Interlake Iron
1,700
168
1%
15
25%
12%
63 Va
67it-
6%
7%
*58
12 ^B
64
63%
64
*6%
12%
32
12%
168
14%
'
12
67
168
*132%
133
65 %
v
par
100
Intercont'I Rubber...
8,100
163
65%
'
900
6%
,'Y 162%
15
4
26;lt
*130
%
66
4:%
25%
133
*130
134
.130
4%
4%
4%
27%
26%
*
1
35
7
6%
.
164%
65 %
168
6%
6%
6%
163
66
it
7
*6%
6%
166
168
14%
1
7
6 %
164%
66
168
1%
7
6%
165%
65%
168
l5b
%
6 Vb
165
66%
l(i8
170
169
*6
168
*165
168
J 65
6:tb
6%
6'4
6%.
*
87
par
No
Interchemical Corp.—.
20
•
No
—
Co....
Inspiration Cons Copper
,
Insuransliares Ctfs Inc.....'
600
-Y
31
*112
V
16%
35
100% Apr
Ingersoll-Rond____.
112%
10% Sep
21
28
Inland
Oct
Jan
44% Jun
No
23'%
2Va
11 Va Jan
Rayon;
1,700
30
112%
13
9% Nov
V
;
Jan
32% Nov
■
*112
,
Jan
Jan
May
32%
par
'
7
4
5%
13
Mav 10
pur
162
7%
6
5
48
Industrial
1,400
7%
16% May
31% May
Jan
1G00
A__„
Jan
37
Indianapolis Power & Lt____No
70 %
7%
8
18% Jan
100
1,200
-
70
*161
100
100
...
May 6
19% July 24
10
9%
7:%
9%
8
69 %
10%
9%
ctfs series
89%
162
69%
%
See
RR
'
70%
Co
4%——
1,200
16 V2
"
162
*160
162
*161
7%
16:%
35%
*89%
36
*35%
7% •;•'
16%;
*16%
.
RR
preferred series A
'
17% May
1.
24%
Jail
64
Dec
May
Jan
Y; 79%
7 J/a Aug
Jan
.11
Jan
K
*16%
"
123 %
*16 Va
r-H
*123 J/a
128
6%
22
*12%
103'%
15 Vb
15%
♦108%
a
*123%
22 '. <>
(i%
*22
16%
128
*123%
6%
6%
23
.
112
xl6%
128
*123%
6%
2,600
*21%
22 %
22 %
22%
600
12%
*13%
*13%
14
*103 %
103%
103%
103'
15%
*15%
16%
15%
*l()8,/a
*19%
19%
19%
19%
*12%
12 Va
12%
12'%
110%
110%
*110'%
30%
30%
19%
*12
112
*108%
19%
*19%
12' 7
127
6%
103 %
*108 J/a, 112
*123%
127
200
6%
lo%
'
17
22%
*21.
v
17
*6%
*103 J/4
14
16%
6%
12%
13
103 V'a
*16 J
6:5«
22 Va
6%
6%
*22
16%
128
12
I 13%
13%
a
103%
103%
*103%
15.%
*15%
15 %
*15 %
112
*108%
19%
19%
12
*12
14
112
14
City
Southern—No
4%
non-cum
5%
conv
par
20
preferred —Y.Y- 100
Kaufmann Dept Stores..
1
127
Sep
Aug
17
Sep
104
Nov
11% Jail
Keith-Albee-Orplieum conv pfd:. 100
Kelsey Hayes Wli'l conv cl A__
1
103% Feb
Sep 20
110% Aug 31
500
14% Jan
24% May 11
12%
400
40
r
112
12 '%
6
17
20 %
16
12
Co__—_5
2%
13
Jan
Kayser
15%
*19%
12'%
Kansas
400
104
*108%
19%
310
Kalamazoo Stove & Furn
,
preferred
(JuliusI
Class
-
&
83
100
BY
May
30 V'a
31
30%
*17
17%.
17 VB
17' b
*17
*29
30 V a
29%
29 %
29
*4 J/n
4%
4
4%
4%.
*50%
51 %
51'%
22 %
21%
22 Vb
*6%
7
7
*6%
*110%
30%
30 V«
17%,
*17
29
4%
51%
22
~
51
22%
*6%
*4
•
112
*110%
30%,
30'/»
*110%
30%
*17
*28
30
4%
*4
5.1
%
*50
221V
*6%
28%
28 %
~6%
27%
28%
2814
28%,
28%
32
32'/u
32
32 %
31%
32
31 VB
32
11%
11%
111%
11%
11
22%
11 la
*6'%
x28
31%
10
113
30%
17%
30
*28
7
113
17%
*27 %
Vb
51 Va
22
51%
22 Vb
112
31 ^
17,100
Kendall Co $6 pt pfd A
Kennecott Copper.-——.
Apr
11%
Feb
100%
Jan
11%
>93% July
103%
Dec
14%
Dec
1014
.
Apr
4% Jan
500
51%
4,300
7
*6%
6%
30
22%
:
r
9
7
15 Vb Jan
2
8
20% July 15
25
Jan
7
34
1% Jan
13
par
34% Jan
12
18'% Jan
2
28
28
28%
1,900
31%
31%
31%
2,900
11%
11%
12%
—No
.
37%
Jan
11%
15 Vb
Dec
29
Jan
Apr
Jun
Jan
2V8
30% Sep
40%
Feb
17
22%
Jan
24 % Sep
22
4
10% Apr
32 % Sep
30
26
32% Nov
6
3
,
,
2 Vb
Mar
Jun
3%
Feb
Jan
19 % May
27
Jan
22'/a
29%
Jan
Apr
L
*11
11%
63
63'A
63
63%
25
25
25
25
16%
36
*15
36
*15
*35
*22
22%
23
"114
114%
16
V8
*114
Vb
37
23
64
25
*15
/
35'
%
4%
4%
4V«
1%/
1
%
1%
*114
34
13 %
14 %
28 J«
28 %
19 V„
*18%
18:%
*18%
34%
34%
*34
37%
6%
37'4
6%
39
For
foomcr.es
371.4
6 V
*37
see
37%
6%
4
.
39
page
2063.
62 '/a
63
67
250
24%
24'/a
24%,
500
Lambert Co
*15%
16%
35%
35
35
22%.
22%.
22
22 %
*114
114%
114
4
4 la
4
4 Vb
4
Vb
4'%
5.900
1%
1%
1%
1%
1%
1%
900
23
114%.
14
•
14%
28
28
36 %
6%
*37
62'/a
*24%
35
1%
28%
*37
63 %
24 %
*15
*1%
14
13%
4
37%
6%
39
13%
27%
18%,
35'
Laclede Gas Lt
62
35%,
4'4
28%
35':.
580
24*1 A
,
4%
*18%
*34%
'
*11
10%
2
*22 V,
114 %
1 %
4
63%
*24%
■f
28
*18 %
.
18%
34%
37
614
34 %
6%
34 Va
*37%
'
6%
37
38
6%
37
36
600
Lee
22'%
700
114
114
14%
100
110
Tire
Y
14%
2,000
3,000
100
Lehn & Fink Prod Corp
34'%
34%
400
Lemer
38
6%
39
6%
38
4,400
11,200
300
par
—5
Portland Cement——25
4% conv preferred
100
Lehigh Valley RR...
50
Lehigh Valley Coal—
No par
3% conV preferred—
..—50
18%
*36
4
Lehman
Corp
Stores
(The)
Corp^
,
Libbey Owens Ford Glass.—No
Libby McNeill & Libby
Life Savers Corp.———
7%
Apr
13
4
73
Oct
19
21%
Apr
41%
7
29% Jim
7
11%
Jan
18
-19% Jun 18
39% Oct 30
15%
11% Jan
.
7
26 % Jan
27
Jan
4
29
Julv 17
107% Jan
27
120
2% Jan
2
8
July 20
% May 19
20
12 Jan
2
2% Jun
Apr
18% May
104
Dec
11%
Dec
28
Dec
23 V8
Jan
Aug
2%
1
20% Jun
8% Mar
May
Sep
113
Jan
Jun
4
Jan
1%
Jan
1;!- Dec
5
8%
Jan
15% Atlg
12
32
July 14
17%
Apr
25
Dec
14% Jan
6
22%, Jim 26
11%
Apr
14 %
Aug
par:
23% Jan
8
37% Sep
18
Apr
26%
Dec
par
31
Jan
33 %
Dec
5
Jan
2
43% July 15
8% Jun 17
20 %
7
S
4
Mar
5%
Jan
30
Jan
4
41
20
Mar
1
.——5
—No
16% May 21.
Jan
35
No par
Btyant.————Y__YNo
Rubber &
28 Ve
.
9% Jan
17% Jan
100
18%
28
-
Louis
Lehigh
22'%
13%
18%
St
(The).—:
■"
16 Va
*35 %
28
18 %
Lane
Co
preferred—.
*15%
114
13%
•
37%
38
%
27%
*
34%
*36%
16
5 %
11% Jan
24
Jan
Jan
6
12
,.
Jun
1%
23Vfl.Jan
11
.
Jan
24 %
24% Feb
2% Jan
Dec
105%
July 15
No par
.1
:
May
6%. July 26
58% July 29
,No par
Kresge Dept Stores.
Kress (S.H) & Co
Kroger Grocery & Bak
i
Sep
26%
35% Apr
28% Jan
No
--—No
S5 prior preferred
Kresge <S. SI • Co.—.
100
'Apr 24
.——10
4
Kimberly-.Clark Corp
Kinney (G R) Co
22 V«
113
par
Keystone Steel & Wire Co
300
*50
51%
22%
2.9
1
200
30
3%
4%
Jan
par
—No par
17%
*29 %
17 %
102
No par
Nov
Jan
7
.
*110%
Oct
29%
-
112
Dec
7%' Oct
Dec
81%
16% May 11
8% Jan
1
■13%
124
Jan
17
July 26
33
Jan
Volume
-Number 4231
158
THE COMMERCIAL & FINANCIAL CHRONICLE
2059
NEW YORK STOCK RECORD
LOW
Saturday
Nov
S
.
*63
*63
177
"
S per
6414
V
177
STOCKS
Thursday
Nov. 17
65
65
177
"175
%
(53%
63%
64%
17614
$
65
*175
64 %
17614
26%
26
25%
82;%
31%
32%
31%
32
31
31%
3114
3114
36%
3614
3614
35%
36
35
35
V
25%%
*81 %
18
*
'
19
1.8%
54%
48 3 4
44
6 3a
19
?•:
14%
64%
7
27
in 14
*1814
V
19
14%
26%
26
*25%
1814
"
1814
1814
18%
--
19 ;
18%
"1814
35
1814
19
74
1414
14
14%
>..14%
55
5414
54%
5314
5414
5314
43%
44
43%
43%
4314
4374"
•*''
;;
■
14%
54%
:
14% :
6%
6%
%
2714
"27%
27%
16 3 4
16%
1614
16%
157 %
159%
614
21
158
2114
6834
6834
27%
16%
63
16%
158
7
21%
68
7;
*27%
,-
158
2114
6%
,
68
27 3 a
158%
.
*20%
1614
21%
69
157
6914.: :
2714
69
73
""
Jun
4
1821a Aug IE
16414
73%
Jan
7414
Apr
Jan
177
Dec
4
28% May 27
16%
Apr
23% Nov
Jan
7
44
2214
Jun
Link
32%
Feb
34 >4 Jail
19
37%
Nov
.A
Belt Co
L„.Nr> par
Lone
700
12%
Oct
21'a Jun
16 %
Dec
13% Nov
8
253a Mar 29
11% May
14% May
24%
Jan
Star
Cement
Corp
A
1
270
Biscuit
Lorillard (P) Co—
7 % preferred—
300
Louisville Gas & El A.
900
Louisville &
42 74 Jan
7
641-a July 24
37
Jan
46%
11
51% Jan
31%
Jun
4214
Jan
6!4 Nov
16
11 74 May 10
2% Mar
7 Va
Dec
18 la Jan
•'
25
13
31
1914
Nov
16%
Nov
io
1614 Oct
1Q0
1481a Jan
12
-—No par
1534Jan
6
lot)
59% Jan
8
20% Jan
8
—
Nashville
9%
26
37'a Jan
par
—No par
—No par
.
Loose-Wiles
4,300
72
Jan
6
Lockheed Aircraft Corp.—
Loew's Inc_
___No
Long Bell Lumber
21V4
July 20
21% July 27
2514 May
4
1574 Jan
Refining Co
l.ooo
43
12 to Jan
—_No par
Liquid Carbonic Corp
4,700
May 27
—No par
Lion Oil
3,900
:
;s
157
72
a
t per share
5014' Apr
50% Apr
2278 Jan
8,700
16% A
2iy4
July 15
24
27%
157
21 'A
731
2
Highest
per share
No par
300
>.
6%
.16%
157
-*203b
:
':%•
1614
2
Apr
I
No par
600
44
27%
'
16%
21%
6914
53%
44
174
71
Year 1043
share
1.200
■"
14 Va
-V 6%
614
63 >,2 Jan
100
—
per
Lima Locomotive Wks_
...
55
44%
27%
;
158
158
21%
69
54
•
62% Mar 25
25
—
t
share
Lily Tulip Cup Corp
19
14%
6%
2714
16%
.
19
14%
*4314.
614
a
35%
.■•18%'.'
*18'A
25
Series B
Preferred
300
$ per
Lowest
3,400
32%
35
1814..
19
141/4
70
26
Par
Liggett & Myers Tobacco—-
34,200
32
35
18
19
300
65%
"2514
Range Since Jannary 1
Lowest
Highest
V. '
" 17614
*175
"86 %
26
Range for Previous
YORK STOCK
EXCHANGE
Shares
64
.
NEW
the Week
per share
64
"25%
'
19
Nov,
y-,
S per share
6414
Sales for
Friday
Nov. 18
share
6414
65
64%
65% :-7
177
PRICES
Wednesday
16
,
$ per share
6414
65
177
*25%
Nov.
S per share
>;
6514
177
Tuesday
Nov, 15 *
65
65
HIGH SALE
Monday
13
per share
"68%.
AND
15
Oct.28
21% Jun
7
.
6
5
Mar
11%
163% July 22
2214 July 19
79
July 24
128
Apr
-Mar
Dec
153
Dec
11%
Apr
1814
Jan
5514
Sep
76 Va
Jan
M
*2514
25%
*2514
138
"
*81%
.*2714;
.
32
6
3174
3174*
2714
2714
13 3 4
13 5«
1574
1514
1514
375
*280
614
not*
5%
"10!a
*17
1774
17%
2%
*2%
2%
5%
5%
53u
5%
13 Va
14
H'b *
15%
4
36%
'
*
■
30
3074
31%
27'•«
2674
277b
■
13! 4
v
13%
1514
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674
17 *.
274
514
167-4
-v
1274
*1614
i7%":
2%
5%
57b
2%
2 %
1,200
514
574
9,500
1,920
13
13
13
1374
14
14
14 ■>".'■
13%
1414: y :-:
15 7 it
1574
1514
1574
1574
414
414
4%
4 V4
414
4%
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■'. :4,
-
4 %
4
37
3614
26
26
26%
21
20%.
2014
*38
:
174
*172
54
2614
26
26
20%
20 V4
20%
*172
54
"30
174
53%
4%
474
3074
3614
20%
174
■5314:
4%
3614
26
:
3074
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19
19
19
*14%
1474
1414
1474
14%
113
*106
.
25%
14%
*1374
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47%
2274
"25
14%
46%
2374
10%
10%
36%
25%
83
*106
25
*2914
'
-
72
"31
32%
7%
1374
1374 "
46'4
46
22%:
22%
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10%
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113
73a
.
2714"
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28-
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66%
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18%
114'
5%
6
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.
25! 4
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ill
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19
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122
*120
122
121
121
120
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109
*108
109
*108
109
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42
4274
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41%
42
36
*11374
20%
19 74
1974
*13%
14%
137b
16 Va
16%
1674
26
26
>
1674
"'/.
374
374
16
26 74
•
37b
37b
*68
72
72
*68
20%
20 3 4
*20%
21%.
75
75
75
*7474
77
114
*112
8%
8%
9
•""42
.
500
42
16%
Jan
1114
8%
Apr
12%
Jan
May 27
7% Jun
7
1714 May
3'.a Sep
2614
Jan
8
24
5
43!4 July 16
19
2074 Nov
18
27% Mar 26
108
'
"6874
41%
1974
1474
*13%
16%%
X15»A
26
V
*3374
19
574
*
•.:'
:
•■;.
1%
'
-
I
-
Jan
5
176
Jan
2
60
2% Jan
par
Dec
2518
Nov
29%
Jan
•
"
Apr
36
9
110
Jan
7 74 May 29
"
Jan
46% Jan
114
Jan
13%
Sep
22
76
Jun
101
9
Mar
1234
Oct
10
May
14
Jan
22
12% Jan 16
22 74 Aug
7
17% Sep
21
113 72 0ft
2
104
7
13
...No par
-
Stores
Co
8 % Jan
11
___5
33'.4 Jan
7
507a Apr
8
14% Jan 27
25% Jun
28
9%
514
preferred
conv
5%
Jun
—1
9934 Aug
29
14
Sep 30
1674 May 19
6% Jail
'101
'100
Feb
24
par
Jan
4
1074 Apr
No
par
6774 Jan
9
89
par■
60
Jan
15v
1
27
Feb
9
-No
•
.
(The)-.^
1st
conv
preferred—.—50
174
'
5%
Jan
24Va
Dec
9%
Jan
2714 Oct
Nov
39
Dec
15%
Dec
25.
4274
36
123
*3374
■
21
.
1474
14
•
7
*
ImpI
Mo-Kan-Texas RR
Via
Monsanto
36
$4.50
'
'
•'
2214
Jun
29
Oct
1
21
Apr
Jan
13
3474 Apr
6
24
Dec
33 Va
30 %
Jan
4
97a Apr
8
5
Apr
7%
Jan
30% Sep
31% Jun
21
1214 Mar
19%
Deo
7
1614 May
23%
10674 Jail
4
128
July 19
8814
Apr
8
3514
Jun
103%
Jan
107
Feb
19
7674 May 6
110
Apr 21
109,
Apr
14
11374 Feb
4
8% Jun
10
58
par
3
Feb
Jan
2
'
:
V
V
200
Jun
67
8%
Apr
14% Nov
% Jan
3% Mar
2
4
11% Apr
6
-1%
Jan
30% Nov
5
12%
Feb
18
Oct
May
110
May
112
May
102% Apr
91
Jan
78
Nov
17
9214 Jun
30
Mar 19
Apr
& Co"" —..No
3%
*63
*20%
2174
77
*75V4
77
'
■
:
$7
100
75
800
■
9
33 % Jan
14
3114 Jan
8
39% Oct
13
29
114% Aug 24
;
50
2314
July 14
Apr
115
*11474
8%
9
42
Co
42
474 ';c
Murray
Dec
6
2814
Dec
4818 Mar
27% Jun
7
1214
Dec
29% Mar
7
17
Jun
5
614
Jan
11% Jan
12
18% Apr
7
21% Jan
8
Jan•
31
93a Apr
2014 Aug
Mar 29
11
Oct
12%
Nov
25%
Jan
7
Jun
3
2
Sep
3
Jan
7
77
Jun
25
50
Jan
63
Feb
Jan
5
23%. Jun
26
1114
Jan
17
Dec
62
Apr
13
79% Sep
22
49
_—100
111
_
2% Jan
1
53
No par
—No par
preferred—.
,
2
July
3
10
5% Jan
2
No par
34Va Jan
12
of America.—
Corp
3414
-15,
__
-
_
150
9 74
42
Oct
Jan
No par
Mfg Co class B__
preferred
Munsingwear Inc
Murphy Co (G C)
5,400
115
9
*40 74
Feb
120
110%
5
\
'
*114
11714
Oct
9% Jan
par
50
No par
Mullins
1,700
68
21%
.
Corp
Brass
20
Nov
4%
1
Essex.
Wheel
vJan
66
.5
Motor
Mueller
Oct
4
12
119
No
Motor Products Corp
800
1%
3% Jan
121
400
2,900
{a Jan
Mar
17 % Jan
10
B_
11,240
15%
Dec
57%
20
Co
14 74
2574
314
July 23
114% July 22
iJohn 1
Oct
Oct
July 1<J
118
<fc
108
111
98
Xl07
Morrell
.
Dec
25
13
par
Morris
59%
13% Jan
—No par
series
1% May
Oct
108% Nov
100
preferred
Preferred
xl07% May
Oct
64% Jan 17
par
S4
6,700
157a
75
3
3274 Mar
preferred series C
No par
Montgomery Ward & Co—t—No par
;
10
2574
374
Oct
July
24
—No par
Carpet Mills
Chemical
Jan
6
7
—10
preferred series A
Mohawk
Feb
32
Dec
42
Jan'.4
72
Jun
4%
•
6
—1
Corp_»4_^_-.
2274
74
Mar
6
20% Jail
100
^_No
;
1574
37 4
Power
Mission
320
43 74
77
12 74 July
'
109
42 74
•
-No
preferred
'
1,500
11674
*120 74
■*108
Jan
714 May
Dec
2014
7874 Sep 27
34% July 8
.
18'la Jan
pfd series B
Moline
$6.50
2
'
1,800
78%
55
108
Oct
par
.
preferred series C~—100
■
1,200
V
64%
100
.
1st preferred,
conv
Minn
100
8,400
*11374
108
Steel
cum
1,300
1%
28 74'
Apr
X5% Nov
26
...
Minn-Honeywell Regu
3,400
"
94
6
26
Feb
23% Sep
5
*
Copper.!
474 c/o
>•
•
714 Jan
5% Jan
Petroleum
Machine Co
8 74
i
6
2874
68
874
Deo
10814
Apr
6%
Nov
"
far
.No
,
Products.— _No
i"'
6
474 Jan
Midland
.
900
5%
13
^No
...
_
Mid-Continent
900
•
26
374
42
3% Nov
Jan
11% Sep 18
115 74 Aug
4
13
.
—
Merch & Mia Trans Co
70
1874
*63
114
176
18
Oct
Sep 29
Jan
Miami
••
87...
j
18%
•
*20V2
8%
,
Apr
31
13
1974 Jan
preferred series A
■4 "0
21%
113%
Jan
3414
Aug
162
Aug 23
Sep
Oct
1914 July
July 17
117b Jail
100
Mesta
; "
69
72
.
4
100
1
__
7
21% Feb
par
—
Men'gel -Co
108
5 74
87
18":
20%
26
374
/■ *106
."
120
?
35
*4074
6%
22% May
37
Jan
Jun
4%
1874 Apr
32
6,600
'
'
*74
$
3%
2%
X17
165
Nov
15
2
11
par
Dec
Jan
2
July 14
5
Jan
2,000
.
2614
118
*2074
9
8%
42
42! 4
x6%
22
2,800 '
...
2574s
*68
.
-7 113%
*112
113%
8%
42%
69"
11674
120
109
41%
374
72
2174,
*68
12074
26
:
'4
16%
26 74
•
26
"20%
*42
2774
7874
*11374
11674
1874
.
•
11714
:
35
14
25 V>
78
1674
3574
197b
14'a
May
674 July 13
2
Jan
3174 May
.No
$5.50 pfd ser B w w
Melville Shoe Corp
100:
614
-
*257-4
>
28 74 -28%
*1374
3574
19'4
14 %
*112
6%
310
-
v
574 V. > ,"'•
5 !4
;
41%
19
5
11% May
% Mar
•
2474
6
25
"ss'b .8?
574
117
74%
A
■
2514
Xl8
•
""'• -17a
1%
'4
11
4% July 14
974 Jan
preferred— -No par
i-_
Mead Corp
3,000
107%" "*10674 .10714
7874
...
3% Jan
9
10
preferred
$6
36
"
108-'
,
19%
78
374
574 '•
25
5 74 -V
88
78%
3%
27
8% Jun
..No
.
McKesson & Robbins Inc.
10
•
*10674
•
7874
'
2434
2714
117%
1,574
*85%
18%
111
:
79 >4
4274
5
1 % Jan
~2% May"
23
19% Apr
par
No
1st cum
McLellan
20
814
*106
*78 %
36
■
-
2514
28 3 4
74
'
7-2414
■^6714
2874
42
•V
-
27 7
11714
108
29
*35
Sep
8
100
McGraw-Hill Pub Co
60:
31
35%
27 "t;
•
'
69
*104
6814
28%
78 74
12
par
Mclntyre- Porcupine Mines*.
1,700 '
>
-
6974
8
35%
-
574
V
1171k
"08
19 "
5%
2514
117%
-
;
2814
78%
'
600
7%
83 ■'
31
8
2614
614
108
88
28
2574
118
■
Mar 15
2
McGraw Elec Co_
:2,000
,
113'"" "
n
*68%
31%
*24-
:v.
24 !4'-
24%
Wks__
Corp
McCror.v Stores Corp.—
5',0 conv preferred w w
1,100
1074
83
71
3574
27' 4
*104
574
19
6
G
>2414
25%
68%
*8572
2874
.
Alkali
McCall
400
-
22% •:
"
118
111
1%
•'
■
*28
-
v
25%
5 74
1874
26
2714
%
: 118
*107%
88
'
:;
108
5%
*85%
3574
'23%
Jan
320
2
674 Jail
—1
—
200
47%:'
7%
83
*774
2774
4%
Mar 15
19
6
3% Jan
.No
Co„
200
T,
>14%
v
113
•.
7%
.
31
8
25%
Jan
320
-
25%
*104
%
32
774 "•
*35
*23'4
-
•
24-14
"67
111
-
$6
500
26
*10
113
*6814
2674
6
*116
108
*107%
'*
v
25%
32
874
Jan
27%
24% Mar
Jan
Jan
?
714
70
35
2774
'24 %
70
3274
874
25-14"-'--
6
118
$3
1,500
-
113%
22
107b
•
*80
:>
*3314
*23
*
614
24% > 24%
1104
*31
814
35
'2774
•
-
6
25%
3234
70
Elec
Maytag Co
1914
22 V*
113
•
.
83
13%
Dec
4
17
1574 Nov
3% Jan
preferred
110
>■!,'
14%
13%
-
*10
--7 !4'
-
*75
T/o
.
"
V *<>814
-7-%
35
"23%
*116
70 v
"v *31
35
80
Nov
1
May Department Stores
101
1914
*25
22'A
80
9%
Jan
Nov
No
3,900
1414
25%
1314
46
*11274
Jan
1474 May 19
1
Corp
Mathieson
20
107%
46
1474
83
*68%
714
"33
Masonite
Master
33
*105
113%
23
113
21%
5
Co—
1,200
5
"106
*24%
40%
*10%
(Glenn L)
3,600
54%
14%.
1414
46%
714 '
*80
"6814
800
;
;
174
54
'
"77
Martin
1,000
20
"1914
11314
25
Apr
14t4Jan
Martin-Parry Corp
'. V
20%
474
10714 ■'"
22%
113
714
"
*106
33
*105
.
"13%
:
1074
*11274
7%
113
m
4,600
-
2514
113
*29 V4
14%
*108
1714
St Rv 6% prior
pfd —100
Marshall Field & Co__
.No par
2,100
3,300
T
27
•;
*172
54
:
4!4"
20'A
414 M 474
107%
19
*102%
-
30% July 15
131
'
2974
10714
19'4
I6V4
36%
*25
173%
"5374
4%":
4%
3674
173%
5314
2
Market
1274
14
Jan
35%
-
Maracaibo Oil Exploration
Midland Corp
2314
Dec
Dec
par
Marine
Apr
26%
—1
Manhattan Shirt-
2%
12%
107%
23
200
122
8
28
10
,.„50
.No
15 y8
6
3774 Jun
15
Co
May
13814 Nov
2
19% Jan
..No par
Sugar Co
Maude! Bros—
,
5%
.
14
13%
*714
17%
:
Co Inc
29
July 22
'Jan
28
par
Manati
16,100
'•
13
46%
no
674 "
11
•
133
:.No
Magma Copper—
Mahoning Coal RR
375
6%
*10%
2'4
*18 7 »
26
"112%
*295
.
;
674
11
2%
*10214
113
*22%
.
400
Forbes— —10
Inc-
Madison Square Garden—" -No
par
>
3,900
-.
&
preferred
Trucks
Macy (RH)
600
'
*16%
16%
'
25%
15%
1574
*30
"
15
113
13%
1514
14
4%
1914
"14%
*1314
6 %
Mack
2,900
*1014
57a
5%
27
1514
*315
674
11
2674
6%
2,200
"
3274
13%
1514
375
674
*1014
17
*13
:
32
15%
53%
30 3 4
MacAndrews
40
14
174
107
19%
400
138
1574
5
107
3114
15
.
11
"214
13%
*20%
53%
to
4
25%
*135
27
14:
26
174
53%
15
138
3074
13%
3614
25
21
172%
*2514'
2514
*135
1514
4
36! 4
20%
2514
138
14
*
4%
25
*
13
%
375
"1014
2%
15 %
31
574
11
M6%
13 V«
2574
*135
:
2714
*280
375
5%
11
2574
1
13*74
15%
280
2514
138
2714
13%
15%
•
25%
*135
138
31%
271.4
13%
2514
138
200
Myers
IF Ej
300
Nabco
Liquidating Co
& Bro
117
Aug
4
11% July 19
44
Feb
May
74
Jan
6974 Jan
108%
Sep
4%
Jan
6%
Nov
30%
Jun
397a
Feb
v
27
113
Dec
N
*1%
174
*1 74
1%
n%
10 74
10 7«
10 %
10%
10%
30
30
*29 %
30%
*2874
"
14
14
*73V.
8
*10
13 7 4
-
4
20
'167
17 7 4
*16%
8'4
"
814
300
9%
1,600
National
Aviation
20%
20 Va
19%
2014
19%
20
2014
20'/a
5,500
National
Biscuit Co
"168%
170
"168%
170
100
"17 V4
18
100
"167
17%
11%
191«
11%
12'4
1174
11%
*11V4
1174
*1174
11%
31
31 %
33%
27%
20%
27
145 »V
29
*20%
*
w
8%
814
17 %
"17V4
8 %
814
-V V 5 7
574
5%
11
-26
•
•••
26
*
11%
11%
11%
11V4
11%
11%
11%
1874
2,700
18%
18%
18%
18%
18 34
19V8
10,000
12%
12
12
12 Va
12%
12%
12%
1,500
1114
31%
33 Vb
27'4
11%
5%
8r,«
874
*8%
12%
12 '4
*2174
T2 74
"22
*96
98 %
*50
*96
53
'108%
111
*29
1674
16 54
17%
"26%
29'
27%
"27
100
20
26%
26%
26 %
27%
,
75
414
874
v
75
75
83%
•
83%
83%
84
V4
4%
4
8%
8%
"96
"50
98 la
29r>o
2
"96
53
111
29:%
10
16 3 a
"50
"107%
-
12%
12'
221a
"21%
98 Va
51
111
97
-
50
"107%
29%
29%
29
16
16%
1614
.13%
1374
13%
13 %
13 3 4
13%
13%
95
95%
95%
95%
95
95
28
25%
'
12
2063-
7%
90
1,900
11%
"21%
10
1
4%
Jan
6
Jan
70% Jan
4
90% Nov
14
Jan
2
8% May
Dec
1574 Aug
774 Nov
160
preferred A———
preferred B—
Jan
13
3%
17814 July 13
Jun 28
Jan
6
150
1474 Jan
13
22
8%
8%
1314
"95
1214'
12
97
50
National Oil Products Co
27!
Nov
17
36
Jan
2% Jan
2
714 Jun
29%
,1614
13%
97
:
1,900
r
'
National Supply
660
;
90
4%
2,300
1,300
.
.
$2
conv
5%%
6%
.
preferred
—100
preferred———100
National Tea Co
No par
12%
5,300
22
97
97
50
200
Co
Natomas
--No.-par
.50
*107%
29
16%
13V4
:
50
200
111
No par
4%%
conv
Newberry Co
serial
1
preferred—100
(J J)
—No par
100
5,900
29
5% preferred series A
Newmont'Mining Corp_
Newport Industries—
6,900
Newport News Ship & Dry Dock—1
1,200
;
16%
1314
Nehi Corp
Neisner Bros Inc
v
.-10
—1
"
"95
97
700
$5 conv
preferred
-No par
74 Jan
145
May
168
Jan
Mar
146
Jan
1774 Mar
4
2914
Apr
36
7
114 Apr
43% May
54
5
64% July 14
2
15% May 28
1474 Jun
preferred
prior
prior
Mar
16
Dec
5% Jan
(The) Pa
72
Apr
1314
Jan
4
28% Jun
52
National-Steel Corp
5.100
7514
9,
National Power & Lt—.
1,400
:
57
Jan
5
8014 Jun
62
Jail
2
88
274 Jan
2
6
Jan
'
\
"211/4
.
13,300
84
4%
22%
111
'
6
9 74 Jan
16
Jan
7434 Jan
37
Jan
5
Jun
714 May
10% Apr
4
9%
.2
Oct
6%
Jan
Jun
167a
Feb
1
45% May
63
Feb
2
51
70
Feb
4
Oct
May
2% Mar
8
4'a
5
Oct
5% Mar
9
%
9%
19'% July 14
25% Oct
1
98 % Nov
10
57% Sep
17
28
Apr
5
104
Mar
11072
4
114
Aug
2
37 % Apr
10% Jan-12
19% Oct
25,
11
13% Nov
18
8
21% Mar 30
102
May
6
Jan
70% May
22%
8
94% Nov
Jan
May
7
106% Mar 31
26% Jan
Nov
3 %
4
11
Dec
129
May 27
6%
674
Jan
1134
3
Nat Mali & SiT Cast Co
Apr
974 Nov
60
1914 May 27
137.
—No par
National Lead Co
170
'
56%' I
8%
Apr
20
*
17%
1114
*10774
16%
page
144
17%
56.74
95
see
171% 4
"141
1114
13-'4
footnotes
*170
■
1714
llVa
12%
Gypsum Co_
$4.50 conv preferred
170
6,000
.11
22
12%
15% Sep
'
-
16 %'
17%
1074
95
For
143%
86
1714
11
8%
53
111
29 %
86
National
:
''
5%'
12%
21% July 23
13
Sep
4,900
.5%
22
2
6% Jan
Dec
9%
Nov
'
98%
*50
*107%
29%
12%
22
14% Jan
Sep
4
'
8%
22
634
1114 Jun
37 b
56%
*4%
14% May 10
5% Nov
20
12
8%
514
75 ;
No par
4
Jan
18
56 V4
83 V„
—No par
11
26
5%
.'74Va
9% Jan
Jan
24
Apr
55%
.
1
Cylinder Gas Co
Nat Dairy Products
National Dept Stores—
6% preferred
3%
9
29 % Sep
1314 Aug 23
5
1414 Mar
8%
27
4%
National
1014 Sep
4
3
173a
514
75
Oct
16%' Dec
30
55%
83 5 a
12
Apr
22
26
5%
4 >2
5% Jan
1814 Jan
1
12.14
24
11% Sep
144
"74%
10
No par
—
—
National Container—1——
2114 Jun
166% Jan
2914 Sep
171%
"83%
16% Nov 12
May
34l4 Oct
i
4 "2
National Can Corp
Nat Cash Register
par
140
15
"170
75
& Share Corp——No
Jan
14
8%
1714
83%
176
162
May
9% Mar 16
171
4%
Oct
7
!—100
13
1714 Jan
143
74%
1674
July 16
Sep 14
x2574 Jan
17014
*83%
23
No par
143'
4%
2
.—No par
17%
74%
Oct
15% Jan
Nat Enam & Stamping
87
8374
Dec
9%
Nat Distillers Products
1714
414
8%
300
80
74%
Nov
Jan
61'a May
7
300
17%
•
5 74
5%
1318 July
24,200
17%
26
Apr
1214 July 14
7
11%
5614
25 V,
3
3
27
'
26
2
8 % Jan
31%
•
11
5 % Jan
814 Feb
11%
'8%
27
Oct
Oct
27
85%
27%
8
7
19%
30%
56
5%
1114 July
3 74 July
2974 Nov
11 Va
11
55%
1
Dec
Jan
1614 May
13% May
27 'A
8%
17
600
19% Apr
11
31%
"26%
1714
12
29
13% Nov 16
1
3%
7
40% Apr
—10
Corp
preferred-
Nat Bond
15% Jun
2
113/a
2714
85%
*8314
'
*11T4
7%
2
1
preferred
conv
18
10
——5
Nat Automotive Fibres Inc
6%
1
1% Feb
Jun
6% Jan
2314 Jan
31
32
171»%
%
26 V2
12
144:%
-
17%
t "26
*
26 'A
17 %
171%
-"443
17%
31
26
87
87
*17%
'
"11%
"26%
8%
8%
..
55%
2574
6.500
3,100
"11%
1114
10%
11
8%
27%
11%
-12
2814'
a.
8%
26
11%
-
5574
8'A
26
12
'
*55.
17%
3.100
11%
144%
*26
"17'4
170
8
1014
18%
1714
17%
!!166
7%
"10
26
"*2674
: 171
*143
17 74
8%
25%
88
17! 4
171
.
171a
'12
8%
874
170
17%
11%
19
*85 3 4
1
;
10%
19
171%
Co
714
12
17%
Acme
9%
19 3 4
145
National
1014
12
17%
1,400
10
1214
17%
14
No par
Corp——:
5
St. Louis.—100
Chart &
"9%
25%
171
*13%
Nashville
7%
874
874
13%
Nash-Kelvinator
9%
12 Vn
08
7%
40
10 %
2574
874
13%
18,500
30
7%
1274
*8574
13%
10%
"29
974
04 ih
307 b
13%
1014
30
10%
12'4
"27
"23%
'
9%
25%
74
10Va
29%
1%
10%
8 "a
8%
10
1%
9%
170
170
*16%
/
1014
1%
20 Va
20
172
'-7%
1%
"28%
13%
*10
10%
9%
2074
10%
41%
9%
"10
10%
"1%
10
30
13%
7%
"77a
-
10%
"9 3
14
1%
.
-
Apr
714 Apr
Feb
Dec
17
Dec
75%
Sep
39 74
Dec
Dec
30%. Feb
11**-
Jan
1534
Dec
2n->s.
Jan
93 V4
Dec
10974
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
2060
'Monday, November 22, 1943
NEW YORK STOCK RECORD
LOW AND
Nov
S
Nov. 16
per share
$
per share
SALE
Tuesday
Nov. 15
18
.
HIGH
Monday
Saturday
PRICES
STOCKS
Nov. 1.7
$ per share
(
Sales
the Week
Nov. 18
$ per share
for
Friday
Nov. 19
Thursday
Wednesday
I per share
S per share
NEW
34%
33%
33 %
33%
400
16%
16%
17
16%
16%
16%
16%
15 %
15%
15%
16%
49,700
17%
17%
17
17%
16%
16%
16%
16%
17%
17%
17%
17%
900
54%
55%
55
55%
53%
55 %
52
53%
53%
54%
54%
55%
6,200
22'/«
22 Va
22 'A
23%
23
23 %
23%
23%
23%
'23%
23%
23%
2,500
11
11%
11%
11%
11%
"9%
11%
11%
11%
1,300
*10
*10
11'A
*25
28
129
129
"127
136
%
%
;*
111
2%
2%
■
*2%
Va
14%
14'/«
*33%
182%
121
"121
15%
15%
15%
53%
"52%
%
2%
"52%
%
13%
14
13%
121
121
15
*121
15%
52%
52%
*
27
100
31% Jan
27
N Y
City Omnibus Corp.—No par
14% Jan
5
New
York
6% Jan
4
$5 non-cum
*121
—No
preferred
Certificates
16% Jan
63% Jan
130
preferred
50.
101
52%
"51%
52 %
"51%
Mar
100
Jan
4
1% Mar
51%
51%
26% May
tN Y Ontario & Western
N
Y
Shipbldg Corp part stk
400
Noblitt-Sparks
Norfolk
52%
*52%
53%
1
51%
*51%
52
*51%
52
6%
7,800
8%
8%
101%
*100%
101 %
*100%
101 %
12 %
12%
12'/a
12%
12%
12%
12%
12%
13'A
13
12
12%;
9
114
114
"113'/a
114%
"113%
114%
"113%
18
18
17 %
17%
17%
17%
"17%
17%
*17
18%
*38
38%
38
38
*37%
38%
"37%
38%
*37%
38%
*4
4'A
4'/8
4%
4%
4%
0%
"38'/a
8%
114
"4
.
113%
4%
114
4
*113
*37%
4
5%%
North
preferred series
7
19
38
July 9
192% July 14
143
Jan
5
122
108
9% Jan
7
49 % Jan
5
113
50
Northwest
Northwestern
20
/
700
■;
—No
40%
"38%
40%
"38%
40%
*38%
40
*38%
40
12%
12'/a " -12%
12%
121/4
12%
12%
xl2%
12%
*12%
12%
1,000
16%
16%
16
16%
16%
16%
16'/a
16%
16 %
16%
16%
16%
18,100
41
41
41
40
40%
40
40
40
41%
2,700
Oliver
5,000
30%
Jan
23%
Dec
Apr
Mar
192
Mar
116%
Sep
6'/a Mar
4
ll'/a
Nov
52%
Jan
..
39
Apr
56
39
Apr
dun
Oct
8
Jan
53
Jan
8
14'A Apr
8
9'A
Dec
14
Jan
100% Nov
15
85%
Apr
96
7% Jan
4'/a
2
18% May
6
Jan
2
7
15% Jan
19
116'/a July
23'% July
107
50
36
No par
Preferred
50
Norwich Pharmacal Co
Jan
6
x3'AJan
Omnibus Corp
4
Oct
6
par
Telegraph
Norwalk Tire & Rubber
12%
*38%
Sep
%
8% Nov
100
Lines
Air
Jan
2%
91'A Jan
$5 pfd.No par
50
Nov
A 54
Av n
Jun
15'/a
18% July 21
56'A Jun
4
•
5
Feb
1
16,300
4
48% Jan
Feb
109
50
Aviation
Northern Pacific Ry
Northern States Pow
500
Jan
aa
50
series—.
American
9
Feb
110
% Jan
% Jan
,,
5
Co
38%
4
V, May /
23'A Dec %
80
2
Northern Central Ry
18
Dec
Jan
23
pfd——100
non-cum
preferred
xl3% Nov
100
100
113%
18
Dec
Apr
V 162% Jan
z..5
Ry
North American Co—;—
300
9
8%
"100%
6%
16 'A
12%
10
Industries—
Western
&
Adjust 4%
300
8%
May
Dec
3
52.%
100%
Jan
60%
1
34,900
8%
15%
1
6
15%
100%
Feb
Jan
4
10
2% Mar
15%
9%
53% Jun
2
4
15%
100%
51
10'A
1
% Jan
15%
8%
Nov
1% Jan
10
100%
'6
132
100
124
8%
Dec
21
100
preferred—
720
101%
Oct
17'/a
35
11
130 % Oct
22
28'/a Jan
Oct
Co.—,—-100
4,900
182
8%
11
Jan
Feb
12%
28% July 30
131
West Ry
Conv
'
*51%
Oct
32'A
Jun
12'/8July29
7
Highest
$ per share
11%
May 22
tN Y N H & Hartford
600
'100%
26
2
—50
—-
non-cum
Lack &
Y
par
No par
N Y & Harlem RR Co
1,700
34%
179
Dock
1942
23% May
6% Jun
May 5
26% July 23
74% July 24
N
14%
*33
preferred series A
44'A May 29
20
1,530
.
%
Va
14'
14%
33%
Jan
S per share
6,000
»
%
183
12
11
Year
Lowest
$ per share
2
10% Jan
100
10%
2%
124
181%
27'/a Jan
par
6%
70
50%
l per share
No par
136
Ib
Range Since January 1
Lowest
Highest
..
.
No
Central
New York
100
2%
%
New York Air Brake
N Y Chic & St. Louis Co
200
49%
lib
2%
33%
182
28
130 Va
129 Va
49%
*%
33%
33'A
181'/a
15%;
"52%
48
%
*
*128
*%
2%
.
'V
28
*129%
136
48%
53%
15%
53%
15%
*128
"2%
33%
124
28
47%
'
183
"121
124
"25
136
14%
13%
33%
182
183%
130'%
%
%
33%
183
124
2%
33%
130%
130%
iif
2%
14% -
14%
33%
182'/a
130%
130
48%
*%
1U
*33 %
130
"127
136
48%
.
0
*'/a
■fir
;
.
2I|
28
130
130'%
128
"127
49 >A
48%
49
49
136
"26
28
"129
"
"32% 34%
x
130
"25
130%
"128
■
127
28
"25
"128
129
33%
33%
Range for Previous
■
/
>
Par
16%
33%.
'
.-.
,
Shares
*33%
"32%
v
..
STOCK:
YORK
EXCHANGE
31
6
8%
Apr
110%
8
Apr
17'/a
Apr
38
8
'A Aug 18
July 22
14
Jan
15
8% Jan
2.50
< 41
6
45
Apr
14'A Oct
Jan
Jan
100
31%
1
Jan
20
7
28
Nov
Sep
Dec
Mar
3%
Dec
Feb
7%
34
Oct
Sep
10'A
Jan
Dec
O
"39%
"39%
41
6
93
V
8%
"17%
"31%
"62
92
92
8
7'/a
18%
18
149
17%
149
150
34
32
32
64
"62
59%
59%
"59%
60
12%
12%
*12%
12%
7%
7%
92
7%
6%
93
7%
6%
93
8
93'/a
250
8'A
800
*8 Va
18
31%
18%
18%
18%
148 %
149
148%
148'A
34
*31%
*61 Va
63%
*61%
63%
64
"62
18%
34
Equipment—.No
conv
6%
Outlet
2
69
&
Co—
Mfg
—No
59
59 %
58%
59
58%
59 %
58
58%
3,100
Owens-Illinois
13
Pacific Amer Fisheries Inc
Glass
Co
2
95
2
10(%
Jun
15% Jan
8
7
21% Jun
5
154
Sep
38
Apr
8
Jun
22
67% Oct
18
54'% Jan
12
64
July
6%
Apr
11'/a Mar
15
15
12 '/a
30%
Jan
Jan
.
2%
2
Jan
46
__12.50
59
Apr
Jan
2%
Sep 27
28'% Jan
par
6%
17
2
8'A May 22
Jan
142
.—5
—
21% July 19
50% July
3'% Jan
100 ;
Marine
6
No par
.
preferred
Outboard
13
3% Jan
No par
Otis Elevator-
200
11% Jan
29% Jan
A
par
(The)
—6
preferred A———,.100
Oppenheim Collins
320
*31%
31%
No par
Farm
8%
2,300
149
149
64
6%
6%
92
17%
17%
149
"62
65
6%
"91%
8
"31%
34
6%
6'/a
8
8
18 %
150
k148
6%
93
"92
93
"8
6%
6
6
Co
Ohio Oil
132
Jan
4'/a
Jun
17%
Dec
;•
Mar
143%
xl6%
Apr
27%
-42
Jun
48
43% Apr
2
Dec
Jan
79
Sep
Dec
Mar
57%
Dec
6% Mar
8%
Jan
4'/a
Apr
6%
p
7%
8
39
15%
39
40
15%
*12%
*15'A
*12%
16
12%
12%
13
12%
12%
1,100
7%
7%
7%
8
7%
7%
160
Pacific
40
38%
38%
*38%
*38'/a
39%
140
1st
15%
14%
15%
15
15%
15%
1,020
16
*12%
16
16
12%
8
*38%
39
13
*7%
15
16
*12%
29'/a
29%
29
Va
29%
29%
40
40
39%
39%
*39%
15
16
*12%
*12%
39%
29%
3,400
Pacific
Gas
39'A
39%
1,000
Pacific
Lighting Corp
No par
24'A
24'A
24%
24%
24%
24%
400
Pacific
Mills
No
155'A
4%
4%
4'A
*12%
13%
12%
12%
12%
12%
*12%
3%
3%
3'A
3%
3'A
3%
3'A
29'A
29%
29%
29%
29%
*10'/8
29%
*
42
'/a
105
*102
.
*102
23%
45
4
A 109%
2%
105
23'A
23%
49'/a
52%
1%
1%
31
31
31 Va
18
18
V 31
18
.
22%
23%
51
50
1%
*17%
17,600
Packard
30'A
30%
3 l'/a
11,300
Pan American
11%
*10'/a
ll'/a
111
41%
*102
23%
48
30%
30%
30 %
18
18
18
20'A
20%
20'/a
20%
20%
20%
19'A
20%
*53%
55'A
*53%
55%
*53%
55 '/a
*53%
*93%
95
95%
96'A
95%
96%
95'A
96
13'%
13%
13'A
14
13%
8
*7%
8
*7%
2%
*2»A
2%
*38
*14%
*110%
13%
'
39
*37
39
16'A
*14%
16'A
39
Para
&
Park
20%
20
55%
300
4%
20 Va
96
Parmelee
27%
16'A
*110%
*21%
22%
*21%
56
*54'/a
*4%
5
■Z *4%
47%
48
27%
27'/a
Penick
1,500
47%
56
13%
.14'A
5,900
8
7%
7%
700
Penn
2'A
2'A
2'A
800
Penn-Dixie
38%
38 Va
100
*38
39
Penn-Central
*15
16'A
16'A
16'A
*15
*110%
113
*110%
27%
x25%
26
25'A
25%
22
*21%
22%
22
22
55'A
55
55
113
*110%
•
■
_wip.
.
113
•
Coal &
27
22'A
22
22'A
22
56
55%
55%
54
5
*42
45
44
27%
24%
24%
*23%
7%
7%
7%
7%
7%
7%
*7%
48%
54 Va
8%
45%
42
2 5'A
24%
24%
*25
27
*25
27
5%
5%
*44
24'/a
*25
2,700
600
300
8%
9
20%
21
48%
48%
48%
&
2,300
20'A
20%
20%
20%
20%
21'A
18,100
48%
48%
47%
48%
48
48
48
48 Va
620
*88
88'/a
70
20 Va
20 Va
20%
20%
14,400
24%
24%
24%
24%
3,800
$1
20%
20 Va
20%
20%
21%
4,300
1,500
*5
*92
44%
43%
44%
*5
*92
6 %
95
6
Va
95
*23%
*4
*47%
*6 Va
120
*104%
«< c
4%
51
*50
49 'A
6
6%
6
Va
"110%
*110%
111
12
*10%
12
93
"88
93
*5%
*23%
24'A
120
6
*92
95
*23%
24'A
*104%
120
%
6'A
4%
48%
6%
73
*70
*10%
11
"165%
172
*165
*183
190
*183
49
6%
73
11
4'/a
4%
51
11
6%
*70
'
73
4%
*4%
7%
;
10%
10%
Ry
4'A
4%
4'A
7%
7%
7%
80
*81
83
46%
48
45
47
66
67
68
66
10%
10
10
*10
168
168
■
*165%
168
*165'A
*5%
6 %
*5%
6 Va
*6
*71%
73%
72%
73%
74
74
*56
59%
*57
58
17
17
*57
58
17%
17%
19%
*19
19%
7%
7%
7%
10%
10
10%
11
700
*10
19 '/a
8
i-
6%
*73
10'A
168
■1
?
6%
45%
4%
4'A
*7%
7%
*80
84
46
*59
10
46
63
10
%
*165'A
6%
173
7%
4%
8%
*10
30%
30%
10%
10%
54%
54%
54%
54%
120%
*120%
120%
54
120%
92%
12%
12%
12 V4
12%
12%
81
Va
80
79
80%
80%
82%
80%
95
90%
93
91%
102
100%
92%
91'A
54
*165'A
8
173
8
10'A
60
10%
Feb
20
Apr
20
13
12'/a
12%
12%
13 Va
85
86'A
Jun
6
'/a May
9
65
80
Oct
par
42% Nov
9
50
26
30
May
Apr
46
Dec
3'% Jan
16
36%
36%.
3
1%
Sep 29
43
May
7
15%
Jan
100
3% Feb
8
No
34'A Jan
6
Feb
110
Nov
>
3%
Jan
Dec
8
100
Corp
92
26
102
Jan
18'% Jan
102
18
par
5
Jan
25
No par
59
Jan
14
9 '/a Feb
1
No
59
9
'May
3
Mar 30
77 % Jun
5
15% May
7
65
Oct
May
3
19%
4%
Sep
26'/a
Apr
4% July
56%
7%
Dec
Apr
38%
6'A
Jan
10%
Nov
3
170
Jan
9
165
Feb
165
182
Aug 31
165
May
175
4
Jan
4
par
4% Jan
13
7
10'A May 11
3%
4
Dec
May
Oct
Jan
68
21
6% Jun
Nov
Jan
Jan
168% Nov
par
No
4
7% May 20
May
175
100
.—100
conv
pr
pfd
(The)
preferred.—.
B
preferred
Creek
—100
100
Pocahontas
Procter &
pfd
970
250
16,900
Pub Ser El
90
July
8
16% Mar 29
Nov
17
8% Nov
Feb
Feb
5'A
Jan
6%
Jan
Jan
30
82
Nov
Va
Jun
July
Jan
28
62% Oct
18
Jan
18
4
Jan
7
16% Jun 21
21% July 16
11%
Jun
14%
23'A Apr
5
15%
Jun
18'/a
Oct
13
Jun
1
3 '/a May
5'A
Jan
27'% Oct
27
9'/a
Jan
Sep.
5%
Jun
8%
Jan
Jun
4
6 '/a
July
8%
Jan
3
22'/a
Jun
29'A
Jan
13% May 29
6
6% Jan
14
24% Jan
4
No par
of Feb 1 '29)—TOO
48% Jan
4
58
Sep
17
42
Feb
Z 114% Apr
7
123
Feb
13
115
Feb
11% Jan
6
17% Apr
5
75'% Jan
20
96'A Oct
5
& Gas
21
Jan
40% Jun
6% Jan
.5
—50
par
Jan
July
23
2
par
...No
10%
153
19
20
par
—1
6
153
19
168
14'A Jan
Gairible
Pullman Inc
8
No
Co Inc
Pub Serv Corp of H J
t
2
4
No
...
1st preferred..
2d preferred..
<ser
5
29
%
Teleg Inc pfd (stmp).No par
Pressed Steel Car
5%
1% Jan
V—5
Poor & Co class B
Postal
7% Jan
150'% Jan,
1
preferred—
36%
7% May
4
8%
36%
Apr
4
8
preferred——
36 Va
117% Jun
Jan
70
25
_100
$5 preferred—.....——.-No par
6% preferred.
—
100
35%
•
107% Mar
103
7%
36
Apr
May
1
3.420
36%
98
3
2,130
35%
Dec
55%
July
—
A
Pond
4,300
114
Dec
79.
7%
3
July 30
July
96%
112%
Xl4%
1
90'A Jun
14
101%
112
Jun
26 'A Jun
113
100
95
113%
Jan
7
101
113%
76%
23
5
95
114%
Apr
25% Sep
17
102
111'A
49
11
5
Class
32,800
85
113%
30
21% Oct
7% Feb
Plymouth OH Co
20
114%
91% Sep
Jan
79'% Jan
>__No
Class
100
2,300
111%
Jan
109'% Jan
Pittsburgh & West Va
100
Pitts Young & Ash Ry 1% pfd..100
1,300
54%
ser
Plttston Co.
510
'
120%
110%
40%
Oct
54%
*113%
Apr
Feb
conv
111%
28'/a
Jan
conv
115
30
Dec
70
5%
110%
Jan
Jun
5%
115
13% Jan^l4
71
106
32%
58
300
112%
28
Dec
Mar 31
200
115%
35%
24'/a Oct
100
1st
5,000
*114
2063.
2
18% Aug 23
22
6'/a
6
No par
Pittsburgh Steel Co
10%
115%
36
68'% Jan
par
3
;
& Iron
10%
*113%
page
par
10
preferred
32%
111
35%
x51% Sep
100
—:
preferred
*31
101
see
4
Mar
100
Hosiery
*10
112%
footnotes
Jan
37
series..— —100
10
85%
29% Mar 29
4'%%
32%
87%
17
Apr
5
75
*120'A
94
20'A Nov
4
19
54'A
100%
4
12
26% May 8
10'A July 19
8'A Jun 28
19'A Jun
6'AJan
Jan
Nov
120'/a
94
Oct
Dec
7%
59
7,900
82
60
Jun
5Va Jan
—50
preferred
5'%%
10
8%
78
4
100
410
700
*120'A
102 3A
2'A
30
62
61
102%
100
47'A Dec
Jan
33%
10%
102
102
Apr
Va
Apr
10%
112
F«r
■;
300
54
6
5'% Jan
No par
Pitts Screw & Bolt
2,600
120%
15% Mar
Jun
8%
53%
36
20
19%
*120'A
61% July 14
7% Sep 27
59% July 23
16% May 18
6
47'/a
8%
54'A
9
9
1 % Feb.
52'A May 12
*19%
120 %
Jan
13
19%
12
23'/a
Jan
7%
10
Nov
16% July
59% Jan
19%
10%
Feb
25%
24
7%
*30%
108%
Jan
100
19%
10%
46% Jan
May
100
17%
32%
20
Aug
May
<
18%
A
*17%
*10
24% Sep
15
11
104
B__
17'A
*30'A
9
Jan
class
78
10%
17'% Feb
Jan
44
class
60
32 Va
5
Sep
2
Jun
preferred
17'A
*10
21
17% Mar 26
_4
Jan
preferred
60
*31
Sep
32% Apr
Apr
1%
5%
74
31%
1%
32
7%
17%
10%
31%
6
28 Va Jan
Oct
70
57
10 Va
29
2
111
29%
1,760
47%
17
10%
Jun
25
com—No
com.—
Pittsburgh Forglngs Co
Wayne & Chic Ry
1% preferred.
200
10%
*120'A
12
1,300
84
57
7%
Dec
Dec
5
—
S5 conv
2,900
74
*19
60
82
par
Pitts Ft
59
'
Co.
..
22%
10
6Va:
66
*80
45
18
series
6%
172
8
Apr
8
Jan
4'A'A
Pitts Coke
30
190
80
22
11
600
*165
67
7%
11
6%
73
*183%
44%
19%
*6%
*70
172
80
7%
6'A
69
190
4%
Jan
14
23'% Jan
—100
Co
Pittsburgh Coal of Pa___
700
*183%
7'A
9% Oct
13%
44
56% May
3% Mar 26
108'A Jun
1
Plllsbury Flour Mills
700
*165
4'A
20'A July
100
Co—
Pitts C C & St Louis Ry
4%
190
44
*10
300
50%
172
65%
*19
4%
50
*183
4%
4
5
Preferred
24'A
*165
7%
*73
17%
4'A
48%
*10%
6
20
50
preferred—_No
Pncenix
120
190
66
17 %
*104%
4'A
6'A
'13'A
Sep
100
Phillips Petroleum—
5%
172
43'A
168
24'A
24'A
120
9,700
94%
*183
42%
*165
*92
*165
■■■■>•
7%
10%
*5 %
6
94%
48%
X69
4
—'
preference
7%
44%
190
4%
*10
*23%
*104%
43%
43%
172
*7'A
80
*5 Va
*92
33'% Jan
—No par
Phillips Jones Corp—
'
4
*70
*73
43%
No par
Preferred
300
"88
43%
May
60% Mar
6
Corp
Philip Morris & Co Ltd
f 30
*10%
43%
29
100 Va
6
Preferred
12
6 Va
"49%
Va
111
$6
Phila Electric
107%
93
11
10%
*106
111
73
*70
79
107 %
*10 %
95
*104%
4%
4'A
20%
*106%
*89
44
*92
23%
23%
24'A
120
20%
80
107%
10 Va
'
*104%
*88
88%
93
43%
13
1% Jan
_
Philco
80
44%
Oct
3'A Jan
Corp of America
Brewing Co
Phelps-Dodge
Corp..—
Philadelphia Co 6% preferred
88%
111
14
Pfeiffer
24'A
111
1
10
par
No
Petroleum
20%
10%
8
11
Nov
Jan
20%
*89
8
Nov
Jan
1%
27'A
300
*110%
16% Nov
54
80
Dec
17% Mar
20
4,200
7'A
24'A
10%
10
May 20
Feb
7%
20%
93
19% May 22
6'% May 22
par
Corp
Pet Milk Co
7%
*7%
88
111
32
7
5
23
27
7'A
24%
10%
29%
7
Jan
1% Jan
16
No par
*25
27
88 Va
*89
19% Apr
13'A Aug
A Mar
27 '/a Jan
par
No par
Jan
Feb
20%
*110%
Jan
2 Va
Jan
24%
10%
Oct
17
Jan
51%
88%
93
17%
Oct
l'/a
29%
20%
111
Apr
14%
Apr
24%
*10%
11%
July 10
May
20%
*89
Nov
8
preferred
88
*110%
Oct
101
18
7'A
20'A
Mar
36
7'A
79
90
41% May 20
*7%
79
2
58% May 20
'
20'A
July
Dec
18
7%
79
106
Dec
2%
38
27
7'A
20%
106%
Jan
20% Apr
Jan
7'A
*106
Sep
1
11
19
7'A
20%
101
July 12
Jun
Jan
34VaFeb
7'A
79
8%
100
7%
107'/a
Dec
5%
7'A
79
6%
900
"7%
*106
7
Oct
26 Va
24%
78
Dec
26%
20%
107%
27
25
88
78
Apr
100
100
24%
*106
11%
Marquette Ry Co..
5% prior preferred
20%
79%
Oct
7
16
Pere
86%
107 %
3
300
20%
*78
9
Jan
44%
86%
*106":
4
Jan
1%
44%
f 24%
20%
l'A Mar
2% Apr
RR
Co
Nov
Oct
30
2.50
Airlines
Eastern
Pepsi-Cola
Nov
45
20%
21
Peoria
Jan
148%
52% Nov
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
15,800
101
Apr
2
Coke Corp
preferred
Apr
12
Cement
Pennsylvania
5%
47%
8 Va
25.200
48%
*5
47'A
8%
8%
42
25
i.
*5
5%
44'/a
7%
20%
8%
55
47%
*43
26%
*25
26
Va
*5
46
48 'A
8%
44
*24
5
4'/a
47%
8%
8%
8%
*8%
27%
74
121
22
$7 conv pref ser A
Penn G1 Sand Corp
38
22
No par
14
19
l'/aJan
No
7%
Jan
17'% Jan
Enterprises
2'A
Nov
13%
15'% Jan
Co
13%
Nov
34
1
Ford—
(J C)
24'A
1
No
7%
27 Va
48%
&
Penney
21
Apr
Apr
5%
113'A July 26
4
Nov
Jan
8
Apr
45
Jan
11
43'A July
11'% Oct
2
100
7
6'% May 10
12
Oct
15%
17'% July 15
Jan
Oct
16
22%
,
5
25%
Apr
20
Oct
Oct
Apr
9'A
Mines—1
Co
2%
*14%
113
Inc..
2
16
160
'
'
96%
-
27 A
&
2
16'% Jan
35'A Jan
par
„
30'A Sep 24
45'% July 20
28% May 24
119'% Sep
9
2*/
105 Va Jan
1
Transportation
*2'A
*37%
16
inc
Patino Mines &
2,900
55%
*53%
,
7'% Jan
6
29
July 23
25'% May 20
2
Jan—*4*.
20
Parker Rust Proof Co
3,300
3'% Jan
9
.100
Consolidated
Parke Davis
3,600
4%
5
23 % Jan
.~.No
Pictures
Tlllord
25
Jan
5
5
preferred
Utah
'
*14%
113
*110%
113
/
2'A
*37
*53'/2
55
4%
Paramount
2,900
1%
91'% Jan
2'% Jan
& Ref...;
Inc
*7'/a
8
2'A
4%
-
conv
3,600
18
4%
13%
4%
23,500
31
18
4%
13'A
A'-"1'-'"
51
*1%
4%
*2'A
*
2
148
Transp
L 5.60%
pfd.100
P
Jan
1
&
Prod.
4
No par
Airways Corp
Cos
Paraffine
Jan
10
Car
East
Panhandle
5
33
19
par
100
Petrol
Panhandle
;
700
23
l'/a
4%
*7%
270
3,400
105
Motor
Mar
23'A Jan
:
—100
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
Pan-Amer
'
'
2%
51
4%
>:
———
42
23%
4%
95
|'
111'/a
2%
2%
43
400
Teleg.
&
4%
10,300
>.25
preferred.
3%
4%
95
6%
13% :
%
20
'
'
3'A
4%
-
L.W
■
*13 v.
30%
30
:■
18
1
1%
Pacific Telep
240
'
3%
105
23
48
•
31%
*17%
*102
*
13'/a
110
*41 %
A
;
Electric
&
4
2%
2%
43
*102
1131/2
155
4Va
110
110
2'/a
105
*102
1%
1%
1%
42
*112%
*154
4
29%
45
*42%
113
155
112%
*154
4%
*10 Va
•
110%
2%
113'/a
155
29
11
23%
48
31
*154
4 %
51
23
45
*17%
155'A
110%
■
105
1%
112
*10 Va
43
22 Va
1%
113%
2%
43
45
24%
113'A
111%
*2%
2%
*2%
*
111
112
111%
24%
11
*10%
11
15
29'/a
39%
*154'A
29%
10
-
10
29%
114%
*10'/a
13
39%
155
4%
14'A Jan
29%
*114
3%
(Cal)
par
39%
*154
13% '
Corp
55
29%
24%
4%
Pacific Finance
13% July
13'A Apr
5
39%
114'A
3%
■
2
5
23'% Jan
29%
113%
*12%
■—
7% Jan
6% Jan
par
40
*23%
*154
9
—10
Co
preferred non-cum—No
2nd preferred non-cum
No
29%
24'/a
*23 Va
16
Coast
13
9%
62
Jun
52%
122
14'/a
Oct
Oct
Jan
86%
2
107'% July 20
73% Mar
x99%
Jan
96% Jan
4
114'A July 20
79% Mar
111
Jan
—TOO
pfd $5
Mar
85% Jan
109'% Jan
4
129% July 15
99
Mar
123
Jan
No par
.113% Nov
18
111% Mar
116
Oct
No par
26% Jan
2
TOO
.
122
Aug 18
40% July
1
20% July
Jan
28% Nov
Volume
Number 4231
158
THE COMMERCIAL & FINANCIAL
CHRONICLE
LOW AND
Saturday
$
Nov. Hi
$
15
per share
14%
113 %
*in%
103
103'/a
102%
103
20%
19%
14%
114
20
19%
*12%
.
13%
*12%
Thursday
Nov. n
$ per share
15%
15
*110%
103
103
*103%
15
112%
104
19%
*12%
;
19%
"
13
the Week
113
103%
15 %
12%
*
Range for Previous
STOCK
Range Since January I
Lowest
Highest
Par
Pure
Oil
(The)
No
$ per share
11
par
Jan
800
13 %
preferred
100
104% Feb
conv
100
92% Jan
par
13% Jan
400
80%
2
Purity Bakeries
Corp___
Quaker State Oil Ref
,._A'o
Corp
-
10
10% Jan
Highest
$ per share
Apr
90% May.
107% July 23
2
preferred—
1942
per share
19% July 19
114% July 22
3
5%
Year
Lowest
$ per share
14
6%
1,000
19%
H CM
YORK
EXCHANGE
11,300
102%
19%
12%
NEW
113
102%
19%
for
Shares
15%
*111%
v
103%
*19%
12%
$ per share
15%
*110%
19 %
12%
Sales
Nov. I!)
$ per share
15%
114
*19%
Friday
Nov. 18
mi
13%
STOCKS
Wednesday
$ per share
;15 Va
nil
.
SALE PRICES
Tuesday
Nov. 15
per share
14%
HIGH
Monday
Nov. 18
2061
15
11%
Dec
92%
Dec
5
9% Mar
14%
Nov
July 26
8% Mar
10%
Oct
.
8%
8%
68%
8%
8%
8%
68%
68%
*67%
68%
6%
6 7/8
6%
6%
86%
86%
6%
7
87
87%
25
R
"
68 %
■
9
86%
25
.
87
25
25
*251/4
8%
-
12%
13
13%
13
30
30
30
14%
15
15
15
*12%
*32%
34
*32%
34
*26 Va
28%
*26%-
28
*3%
3%
*75
85
*54%
56
*75
*12%
12%
17%
17%
14%
.
141/4
*86
*76
85
*50%
54%
*50%
54%
300
14%
4,600
14%
14%
14%
14%
14%
87
14 V2
87
87
87
87
87
59
60
64%
61%
62 %
57%
9
8%
16%
100%
100%
*85%
87%
*85%
6%
5%
6
.
*79
81%
130
60
*59%
61%
160
1,200
11
91
11%
*90%
*36%
37
*36%
*13%
13%
*
8%
90%
24
3
CM CO
*6%
9%
112%
*110
112
"tv-
J
38 >/8
*6%
113
6%
4
112%
7
43
*112%
7%
35
37
106
105
105
39
*38
39
35%
*104
112
*110
112
112%
*110
112%
*110
112%
*110:
112%
20
2%
•)
%
20 Va
2%
1%
*20
•
'
2%
It!
1%
1%
20%
8
7";
u,
Va
1%
20
2%
*2%
2%
*2%
150
35%
300
'
'
21%
21%
2%
300
16
16%
82 Va
16
81 Va
16%
16
16%
16
16Va
16 V8
16%
16
16%
7,000
>
*13%
14
*13%
14
13%
13%
67
13%
13%
13%
400
66%
67
66%
66'/a
65
65
*64%
65
65
65
120
11 %
11%
11%
11%
11%
11%
11%
xll%
11%
11%
11%
71%
71 %
71%
*70%
71%
400
9%
9%
9%
9%
9%
5,200
*70 %
22%
22%
*3%
3%
24
3
25
10%
36 %
17%
9%
23%
22%
22%
22%
23%
22%
23%
3%
*3%
3%
3%
3%
3Vs
3%
23%
23%
1%
1%
V4
24 Va
1 Va
*25
24
35%
17%
*25
10%
17%
35
:
47
24
1%
*45
24
1%
1%
48
*45
3,100
48
30
1%
1 Va
5,500
17%
*23 %
23%
29%
*21
29%
29%
22
21%
21%
21%
21%
21%
21%
21%
*21%
12
12%
12'a
12
12 %
12
12 %
12
3%
3%
3%
3%
*25%
27
25%
26
25%
25%
24%
24%
27%
27%
27%
27%
27%
27%
27%
142
22%
142
22 3 i
142
22%
142
*140
22%
22%
*140%
22%
22%
3%
*25
27%
142
*140%
22%
22%
12
600
3%
21%
400
12 %
20.600
3%
26
*26
28%
28
142
*140%
22%
22%
3%
2,900
26%
300
28
1,800
142
10
22%
1,700
.No
Southern California
19%
19%
20%
12,000
Southern
37%
39
38%
38%
38 %
39
38%
38%
38%
39%
50
50%
%
4,000
50%
51%
50
50
50
50
70
*57
66
*57
31%
31%
25'%
25%
*36
36%
*36
*60
60%
60
70
32%
61
61
32%
31%
31%
*60
31%
4%
70
*60
31%
31%
25'%
24%
24%
24%
24%
6,800
36
*35 %
36%
35%
35%
*35%
36%
300
60%
*59%
60%
*59%
60 %
*59%'
60%
10
5%
5%
5%
5%
*59%
24%
25
52%
50%
51%
52
53
51
52 %
51%
52
*33%
35%
35%
35%
34%
34%
34%
34V2
34%
34%
>112
113'%
60%
5%
5%
113%
112
5%
112
61
27 %
60%
61%
60%
*112%
114%
*112%
>112
60%
113
113
Til
*112
114%
27%
114
27%
27%
27%.
60
112%
27%
27%
113%
60
2%
60%
*112%
27%
*111
115
*111
115
>111
1
1
V1
1
1
1
2%
2%
2%
2%
27%
112
2%
*1
*112
112%
1 Va
'
10
800
24%
60
5%
300
36
36%
5%
*51%
5%
4%
70
32
2%
2%
111
/
'
1
2%
6
6%
51%
113 %
6,400
;
.52
*34%
36
*112
113%
40
61%
61%
1,700
*112%
114%
10
27%
9,800
60%
115
27%
27%
114
113
1
1
113
300
IVe
2,700
•
2%
36%
35%
32%
32%
32%
53%
53%
54
41 Va
*41%
41%
*41%
6
6 %
*27%
6
29%
53%
41%
41%
41%
6 V4
*27%
..
6Va
6%
28%
28
28 Va
53
v.
53%
52%
41%
42
41
6
*27%
62
62
61
61%
61%
61%
61
10%
10%
10%
10%
*10%
10%
10%
9 %
9 Va.
9 Va
16
*15%
*8%
8%
11%'
11 Va
11%
60% "
*58%
'129
*15 Va
8%
130
9%
16
9%
9%
16
*15%
8%
12
8%
8%
12
11%
*59
61
60
*129
130
129
•
60
129
'
5
Va
5%
5%
5%
17%
17%
66 %
6G%
*19%
*28%
19%
29%
9%
9%
25%
25%
For
footnotes
5
Va
5%
5%
5 Va
5%
5 Vb
5%
41
19%
*28%
,*9
41 Va
2,300
6 Vb
6
6%
6,400
*27
27%
500
61
61
61%
62
62 Va
1,400
10%
lO'/a
10%
10 Va
10%
2,700
8%
9%
9Va
9Va
9%
9%
15%
15%
*14%
15%
*14%
15 %
8%
11%
60
*128%
5
5%
9
11%
60%
130
8%
11%
60%
9
9
9
11%
11%
60 Va
4,700
100
/
6,200
12
60%
60%
*128%
130
5Va
x4%
5
5%
*128%
5
13,500
4,300
130
20
5
5,700
x5%
5%
*16%
17%
16%
16%
16%
16%
67
16 Va
16%
65%
65%
65
65%
65
65
64%
67
19 Vb
19%
20
20
19%
30
*28%
9Va
25%
14,900
27%
6
17
17
*65%
see
5V4
36 %
27%
6%
28%
26
page
9 Va
25%
2063.
19%
30
9%
25%
19
28 %
*8%
26
19
28%
9%
26
18%
*28 Va
30
Conv
.
5%/
*28%
5%
29
2,500
700
..
4,100
1,500
100
8%
8%
*8%
9%
400
26%
26%
26%
27%
6,400
64%
4% Apr
Apr
4% Mar
66
11
4
57
Oct
20
30 % May
35
29
Jun
30
10%
Apr
18%
5
Apr
7
2%
Jun
4%
16 Va Jan
2
28
1
21
par
15
20
.
Jan
2
16 Va Nov
18
27
5
8
9%
Dec
Nov
7%
Nov
Aug
Dec
Jan
17
16
11% May
% Apr
5
20% Aug
27
Nov
19% Apr
30%
Oct
May 29
1% Nov
July 15
10% May 21
28% Jan 11
22% Aug 16
19
Jan 19
1
2% Jan
% Nov
Dec
1%
Dec
Xl3Va July 14
45 % Sep
22
24% July 19
16% Jan
11
20'/a Jan
2
132
25
21% Jan
stk
Jan
122% Nov
144%
Jan
14%
6
10
par
2
30% Apr
5
__100
35% Jan
9
49% May
100
42% Jan
12
66
2% Jan
6
1
No
2% Jan
12%
Jan
18%
Nov
May
18%
Feb
5
23%
Jun
39
5
34%
Jan
50% Mar
61/2 Jun 30
1JA
Apr
Apr
6% Sep
17
3
1
24% Jan
2
32% Jan
18
56
No
Inc
May
5
61
18
Nov
34% Nov
Nov
35% Mar 15
21%
31%
441/4 July 24
30
Sep
37
49
Mar
60
Sep
20
81% Sep
22
13.
60
7
64
Jan
6
42
109
Jan
49
Jan
10
70
July 31
112% Nov
17
117
Aug 20
Sep
July 14
116% July 13
29% NOV
27
par
100% Jan
7
115% July 30
No
par
A Jan
2
1% Jan
_JVo par
Standard Oil of Calif
Standard Oil of Indiana
No
4
5
36% Oct 25 *
10% Jan
5
No
46% Jan
2
37% Jan
4
1
(The) L S
Sterling Drug Inc—
Stewart-Warner Corp
8
12
25
Starrett Co
28% Jan
28 % Jan
25
Standard Oil of New Jersey
Standard Oil of Ohio
Standard Steel Spring
par
25
5% Nov
9
25
Jan
2
58% July 30
7% Jan 12
par
10
5
Stokely Bros & Co Inc
Studebaker Corp (The).
Sweets Co of Amer (The)
Jan
108
Dec
114
4OV2 Apr
109% Aug
113
Jan
891/4 May
110
Jan
Dec
30 ya
Apr
47
Dec
Nov
Sep
21
40
22% Dec
34%
Jan
66
42
62
Dec
9% May
May
14% Jun
5
1
7
13% Jun
Apr
9
3
5% Nov
3% Jan
2
2
58% Feb
23
»i«4% Jan
20
26% Jan
4
Jan
25% Apr
45% May 26
63 % Mar 30
12% Jan
13 %
31'/a Mar 31
6
par
Oct
60
48 % Jan
10
Jan
Dec
14
,.100
Oct
11%
291/4
xl7
25
Apr
8% May
29
9
10c
No
%
%
2%
Apr
2
122
Sep
Apr
2
6
____1
->
A
Mar
4% Jan
100
Feb
Jan
6
5% Jan
5% Jan
.
49%
18
15% Nov
___1
cum).:
Sutherland Paper Co
38%
20
May
par
No par
Sunray Oil Corp.:
Sunshine Mining Co—
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Jan
Jan
8
4OV4 Oct 22
40
1
__No
Sun Oil Co..
4%
45%
38% July 14
20
preferred
Stone & Webster
Jan
Sep
6% Mar 13
9
Jan
Jan
Mar
29% Sep
27% Jun
21/4 Mar 13
No par
No par
prior preferred
prior preferred
21/2
Dec
1
Sep
No
Standard Gas & El Co
25
Feb
July
33
Notpar
3%
59
24
2
28
1
Oct
Aug
Dec
Jan
3
1% Nov
31
3
17% Apr
35% Jan
par
No par
(4%%
4.
21% Nov
12 %
6
Jan
Apr
Apr
21% Jan 26
33
par
91/4
Jun
No par
No par
preferred
Swift & Co
26%
5
1
Class A pfd
Apr
17% Jun
11
100
prior
14
Apr
No par
5%
25
1% Mar
6
14% Sep
tr ctfs
preferred
Brands,
Apr
30% May
preferred
$4.50
5
28% July 26
30% Sep
8
149 Va July 6
7
c-__.No
$5 pref series A
Standard
39% July 16
10% Jan 13
Squibb (E R) & Sons
conv
2
1
15% Jan
15% Jan
7.50
No par
Square D Co
5%
15
Jan
23% Nov
2
5
par
2
$4.50
cum
35%
32%
Jan
5
Spiegel Inc
$7
35%
32%
Nov
14
Co
preferred A
8,300
35%
33
53 %
conv
10,200
36Vb
32%
54
$3
22,900
35%
32%
10%
60
2% Jan
Spicer Mfg Co
36 %
36'/a
32%
Dec
Apr
Dec
31% Jan
No par
32%
35%
11%
8
62
17% Jan
Edison
preferred
39%
34%
36 %
33 %
53%
$5.50
37%
34
36
25
17% July
6
73% July 26
par
Spencer Kellogg & Sons
Sperry Corp (The)
cum
33
32% '
18% Sep
43% May
47/s Jan
20
10% Jun
100
$4 preferred
33
Sep
16% May
73% May
.No
Sparks Withington
Spear & Co
$6
29%
35%
3% Mar
62% Nov
7
Iron
preferred.:
Ohio
7,200
30%-
33%
54 Va
&
8,300
30
34%
53%
Mobile
2%
30%
'
&
Railway
non-cum
34%
28%
32%
31
5%
2%
30%
33
Dec
8
1
10
Southern Natural Gas
32%
29 %
33
30
620
700
1%
No par
Southern Pacific Co
25 %
Dec
10
90
7
20
17 Va
4% Jun
4
8% Jan
Apr
No par
1,200
31%
13
Jan
Jan
1
10 %
Sep
26% Jun
5% Jan
preferred—
49.300
25%
10'/a Jan
1 Va
Jan
8%
14%
31%
12
Dec
Jun
23%
*56
8
%
2%
14
3,800
Jan
Feb
1
Jan
15%
22%
4
4
Dec
A
64% Jan
par
South Am Gold & Platinum-
14
3%
4% Mar
113%
Jun
par
Southeastern Greyhound Lines
23
4%
2
Jan
%
5
South Porto Rico Sugar.
19
4
% Jan
106%
Jan
14
3%
1
Dec
21%
*4%
Mar
Nov
19%
3%
Mar 23
2
116
10%
14
4%
112
2
Aug
15%
22%
4%
23
Jan
Oct
Dec
109 %
20%
18%
3%
16
6% Mar
13%
3%
Feb
151/4 July
9
Apr
21%
5%
115
10
20
3%
4
39
25 % Jun
14%
*4%
May
Apr
15 % July 15
22%
5%
25%
2
19%
3%
1
2
22 %
3%
Dec
Feo
98
15% Jan
*13%
*4%
Jan
78
10'/a Jan
20
5%
19%
21%
3
107% July 24
15
14%
3%
Dec
Apr
May
43
2
Jan
Jan
12%
9
K
44
110
x9%
12% Mar 26
39% Nov
Sep
Apr
Jun
par
22%
*4%
'
29%
104
par
Socony Vacuum Oil Co Inc
19
310
17
Smith (A O) Corp
Smith & Corona Typewriter-No
14%
T
Sep
par
21%
*50
47% July 24
Sep
Sep
7%
10
.No
19%
50
Jan
Jan
No par
Steel
14%.
51%
Jan
5
8
No
preferred
21%
3%
2
Mar
No
-No
19
*50%
Mar 11
12
32
A Nov
1 Va
_No
Corp
14%
38
Jan
Jan
15
21%
38
Jan
May
%
15
9
Simonds Saw & Steel
$1.20
347/a
23
Jan
54
___
*27
*138
70
36% Mar 30
59% Jan
Petroleum
Sloss-Sheffield
16%
23%
28%
Nov
1
par
5
Oil
1,720
16'/8
*23 %
Nov
16% Jan
(W A) Pen Co
18
17%
29
Dec
13%
47%
1
100
Skelly Oil Co
23%
21%
May
107% Jan
_No
pref ser A
2,000
16%
1% Mar
3Va Mar
111
(Frank G)
35'/a
29
2
2
Feb
7
38
Sharpe & Dohme
35
16
34% May
9
6
9
Jan
Nov
Jan
114
?
Apr
Nov
1
67/a Nov
Sharon Steel Corp
$5 conv preferred
35
6%
19% Jan
1
34%
Jan
96
100
Inc
Oil
Jan
54
Apr
31% Nov
28
5
preferred
400
Oct
27%
x20
9%
Oct
7
conv
Jan
5%
6%
Va Jan
5
Jan
85%
Apr
28% Jan
par
87/a
Apr
Jan
28
7
.No
Jan
6%
50 % Aug
as
74
3%
18% Jun
Jan
21,700
23%
*21%
10
Oct
129% Mar
4
11% Jan
Jan
7%
Jan
8
43
,.100
Jun
6% May
July 19
20% Jan
J
Jan
86%
31
12
17% May
9% May
5% Jan
par
..
14% Oct
7% Jan
pai
No
Sep
2
9
Jan
19
100% Mar
May
75 %
39% July 21
35
10%
.
32 % Jun
Dec
3% Mar
1
11% July 13
105% Jan
26 %
17%
15% July 19
93% Jun
25 % Jan
No
Francisco
4%
54
34% Feb
12 %
Dec
Nov
5%
78% July
20
10
preferred
JSimms
7
18
Feb
9
10%
23%
2
Jan
5% Jan
1
71%
Jun
Feb
Feb
49
Dec
70
13
26
30
7% Jan
70
98
8
10%
23%
15
x94%
28
9% Apr
Nov
15
26'/a
30
5% Jan
Nov
7%
Sep
Sep
10
23%
13%
6
Sinclair
Nov
Jun
3% Nov
Sheaffer
3%
Jan
100
$3.50
Sep
1% Jan
2%
100
Shattuck
23%
38'A
100
Servel
Nov
May
Oct
88 % Oct
60
Sears Roebuck & Co
.
28%
20
20% July 14
101% May 24
80
80
Nov
23% May
5
May
93
preferred
*25
30%
3%
clafcs B_
;
non-cum
10%
23%
3%
Tob
(The)
26%
*30%
'
Co
10
35
Jan
l
Co
*25
35
14
100
15%
5
10% Apr
95% Jan
No par
Feb
64 % Nov
% Jan
73% Jan
._100
Shell Union
2,700
4
4
100
Silver King Coalition Mines
Simmons Co
V
69% Jan
Dec
26%
19% Jun
42% Jan
100
1,200
24
20
No par
A
ser
3,300
24
Jan
1
;
3%
23%
3%
Dec
24 Va
30%
12%
Dec
13
3%
*29%
3%
16
7 % May
x55
Mar
23%
'
*23%
12%
10% Mar
12
12
23% July
11% Apr
Aug 24
10
10%
36%
17%
20
lt'/sJan
1
preferred
26%
10%
36
*45
24 V8
1%
26%
10%
17%
*70%
9%
45
1%
25%
10%
72
*9%
13%
44 1
23%
1 %
*35%
*70%
9%
13%
44
22%
,
24
1%
72
9%
4
10
Seagrave Corp
8,100
*64%
*43
Dec
$4 preferred
1,400
*2%
2%
82
«
22
Dec
4-2% non-cum preferred
Seaboard Oil Co of Del
81%
...
Apr
6
tSeaboard Air Line
81%
9%
86% July 27
13% Sep 20
11
5
2,000
81%
72
8
Jan
9.400
I u
1%
81%
45
Jan
6
preferred
Louis-San
5 % %
'
81%
9%
20
Scott Paper Co
$4.50 preferred
30
.
81%
*70 V4
Dec
.100
___._No par
Savage Arms Corp
Schenley Distillers Corp
400
81
*42
70
Joseph Lead
5%
33,500
38%
81%
*13%
Jan
Safeway Stores
5,100
1%
20
2,000
81%
11%
39
tSt Louis Southwestern.
5% non-cum preferred
/
7Va
%
1%
20
.
110'
1%
20
v
11
prior pfd
Mfg
6%
40
112 Va
%
2%
■
110
*110
1%
,
tSt
1,000
106
38%
*110
/
St
2,300
113
35%
36%
112
%
2.400
4
6%
*110
1%
76% Sep
Rustless Iron & Steel
Corp
$2.50 conv preferred
%
43
113%
7
..
112
H
8
(R J)
%
*6% '•/
43%
"38
38%
30
*3%
8
/
*105
,
106
38%
18
43
.
20
2V<
37
106
38%
%
*110
1%
20
39'/8
107
29%
*3%
8
112
%
66% Jan
1st pfd
'
43
7%
180
Va
29
Reynolds
Ruberoid
1,500
%
'
4
*6%
113%
29
13%
%
5"% Apr
Oil Corp
No pat
Company
__No par
Roan Antelope
Copper Mines
600
47 %
*%
IV.
42'/a
7%
:
29
%
14
Rittcr
400
24
*45
■
3% Jan
Richfield
200
13
47 V2
*110
.....
Va
9%
43
112%
7%
36 Va
38%
*108
*6%
13%
13%
5
*
& Co
conv
Rheem
2,300
1
7
*6%
Jun
Common
900
9 %
12%
24
Nov
30
Spring.
10
•
6%
5
35
22
Reynolds
8,900%
13%
9
24%
*45
27
12%
22% May
20
22% Jan
preferred
5%%
Dec
26% Jan
Reynolds Metals Co
1,400
36%
13%
9
13 %
6%
29%
*3%
14%
*23%
12%
%
*36 Va
9
47 %
*%
.
:. 26%
13%
7
29%
WV:
3%
42%
113%
*105
:
39
%
9%
7V4 y
36
1C6
3%
43
'
*113
7%
35
3%
*6 V4
43
113%
106
%
3%
42 %
*37%
%
%
1
27%
5 % %
70
7%
7%
36%
*12%
24 %
12%
29%
7_
lfi
91
■
4%
%
28%
%
%
*%
.
42 %
♦112%
.28%
6 %
*45
,
91
7%
9
24
47%
90%
27
*36%
13
9
12%
*45
;
12%
*
24%
12%
47%
8
1
*3%
12%
*45
28%
%
1
*6%
24%
11%
7%
36'%
7
10%
90%
<
14
9
24
12%
'
36%
13
11
7%
27 %
13%
8%
6'%
11
90%
7%
27
37
*12%
13
6%
11%
?
13%
13 %
8%
*12
13%
tC"
11%
90%
13%
■
conv
conv
22
Jun
14% Jan
Revere Copper & Brass
No par
7%
preferred.
.......___100
3,000
81
60
7%
46%
6%
6%
80
61
27%
46%
6%
81
7%
*12%
5%
6%
6%
Jan
7%
50
Motors, Inc
Republic Steel Corp
10
15%
7
Hosiery
(Robt)
100
Dec
26
Remington-Rand
12,400
88
61
27%
24%
100%
*85 %
80%
7%
*23 V2
*100%
85%
6
61
27%
9
100%
85%
87%
54%
29% Jun
Reo
81
7%
6%
*100%
100%
.
*79%
11%
90%
12 %
16%
Jun
15% Jun
2.300
9%
16%
Dec
32
Preferred with warrants
25
Rensselaer & Saratoga RR.a—100
*60
271/4
9
9%
16%
9
Dec
3%
34%
99% July 14
Jan
Dec
Apr
11% Jan
2,240
62%
61 %
9
16%
21
5
59%
2
26'/a Jan
Reliable Stores Corp
Mfg Co
300
80
•
6%
88
60 %
'
27%"*
12%
:'.y
16%
*100%
6
8%
16
14 Va
*85 %
54 % Jan
Reliance
17%
46% Mar
1
par
l
Preferred
Reis
2% Mar
2
100
non-cum
Silk
~20
12%
37
1
85
55%
*17%
*131/4
7
*76
*50
*11%
*36%
to CO
85
No
4
71% Oct
10%Jun
1st preferred—.50
2nd preferred
50
non-cum
4%
Real
500
12% May
Jan
3% Jan
100
___
...______...25
preferred
4%
100
3%
preferred
Reading Company
100
27
3%
12%
87%
80
7%
*26%
3%
17%
100%
91
7%
27
32%
27
*3%
14%
60
*90%
34
*26%
3%
*17%
57%
*11
.
*32%
27
3%
*11%
6
11%
32%
33%
27
$2
2,900
17%
*85'%
62%
15%
11%
*100%
81
14%
•
conv
l
Raybestos Manhattan
Rayonler Inc
900
*75
9
*80
14%
6%
2,600
30
54%
16
*60%
14%
12%
*17%
9%
*10%
*29%
4% Jan
59
par
Radio-Keith-Orpheum
900
*11%
16%
6%
12%
30%
26%
17%
9
88
12%
87
57
100%
12%
30
//
*26
12
16
6
26
*17%
9%
*85%
1,030
*11%
16 Va
*100%
87%
12%
*86
57
8%
16
86 Va
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No
50,000
17%
14%
89
13,700
85
54%
•
*32%
v.-
3%
*75
54 %
*11%
17%
28
*3%
15
1,300
7%
85%
13
■
9%
68%
6%
v-r
26
30
14%
33%
*26%
,
85
541/2
12%
*32%
3%
*3%
85%
8%
*68%
6%
26
*29%
:■
■v':t
68%
6%
86%
25%
8%"
68
6%
85%
30
14%
8%
68
6%
13
30%
14%
9
68
25%
30%
Dec
106%
Jun
22% NOV
4
7
July 12
Sep
10% May
29
7
5
130
Sep 29
6
5%
Apr
Jan
3% Mar
4
3%
43
8% Nov
4% Jan
~6%
Nov
Jan
6%
Nov
Apr
55%
Apr
116% Apr
128
Jan
Dec
Oct 18
1
3% May
5%
Jan
May 28
11 ya May
15%
Jan
9% May
17% Feb
16% Dec
26% Dec
7% Apr
22
82
May
7
32% July 23
33
July 24
12%
4% Feb
1
12% Jun
25
22% Jan
2
271/2 Nov 19
5
3 Ya May
20
Sep
4% Aug
25
Jan
>*r".
t
•-Vr. c
UfflI v,'.. V'k.yy ffl -i•'. %
' • \ '.-Z\4rS1 tfW'• •
•
Y*«]%'•
*
*
■
VI' ' I>VS-
V?
V,'1?
• ■ - v»
u^..
v M. -
THE COMMERCIAL & FINANCIAL CHRONICLE
2062
NEW YORK STOCK
SALE PRICES
Wednesday
LOW AND HIGH
Saturday
Monday
Tuesday
Nov. 13
Nov. 18
Nov. 16
share
28%
28 Va
28 74
281b
28 7
4
28%
28
28
27 %
28
27 3«
27«4
27!a
28%
5'/!
4%
5%
574
share
5 A
5'A
574
5 1
•
share
8
Sales for
Nov. 19
S per share
28%
28
•;..
1 per
$ per share
t per
I per
Friday
the Week
Nov. 18
27%
t per share
•i i
"""
27%
28
28
28v;
2917
.
4%
51
YORK
//,V ;v,'%%%•.%;
'
STOCK
Range for Previous
Year
Range Since January 1
\
Lowest
•Highest
t per share
•/ Par
Swift International Ltd_;
$ per share
.27 % Nov
Symington Gould Corp
22% Feb
8
_1
4% Jan
2
5% Jan
,
$
'per
Highest
$ per
share
share
22
19V4 Mar
29V4
15% Aug
25% Dec
25
:
1942
Lowest
35% July ' 8
8 Va May 20
8
..No par
Sylvania ,Elec. Prod's Inc
5,500
%■•• '',7,600
iifrTiMiiWi"^»^
Monday/ November 22, 1943
EXCHANGE
77 ///17777'
2,600
5%
NEW
.
,
Shares
?&*IrKA^.*^* W?.>(rf/l
RECORD
STOCKS
Thursday
Nov. 17
Jj&ftftitfty*":*|$lWJi
^«g
%
u-
35 Va Apr
Nov
5V4
3% Aug
Jan
ryyym
*674
■J
■ •.
7 'A
7%
*41 %
42%
774
*41 %■
427b
■
*7
%
8
.*7
8
*41%
42% '
*417b
*7
■
42%.
8
*417b
■:
*
42
'
42! b
:7.7b vv
(Jamelsj
Talcott Ino
500
5%%
42
w—.
9
.
partic preferred
—50
35
Jan
3
Jan
8% Jun
2
5
9
*
47b
4 7b
4%
47a
*4!b
47«
*4 7b
.
*4
4! b
I
■
*10
1074
*10 !b
46 74
.
10%
46%
46
467a
46%
4'4
4
7% May
9%
357b
35%
3,100
Texas Gulf Sulphur.
13'!
14
14 V,
2,700
Texas Pacific
97b
97b
9%-
8,200
Texas & Pacific Ry Co_._.
Thatcher Mfg Co
9'a
17%
9%,;
177-4
17%
*1274
12%
11 Is
1274 :
*11%
12
4974
49
49
*487,,
:'
57a
6;jh
94
1774
50
7
1
5%
57a
:
07tr.,
94
*92'/a
*5:%
.
*92!
94
*92 7a
7
77a
4574
67a
44
45 !4
*4374
3 511
37 b
3%
3 7b
12%
*11%
127b
*11%
12%
28%
30
*30
30%
:
30
17%
*5;,a
1%
127a
92!
17 7 a
18%
2.900
12
1.300
*48 !'-t
497b
*5%
a
'
77 b
44%
7%
i
■
*11
.
117b
27«
37 b
27 b
*i S3
83%
83%
8%
8!4
2014
,
'Tl-'a
300
30
30
174
700
*174
1%
16%
16%
1774
12%
12 \'a
12'%
8.600
100
100
24%
447a
100
24
X44
774 v.
9974
1.600
100
24
2474
2574
44'A
44 !b
44 'a
7%
7%
7
18%
187b
127a
12!
27«
*83
847b
■
*8
2
V ,*84
%
85
*84
*8%
8%
*874
20'A
207b
8
8
Jan
6
95
4
Jan
7
preferred
conv
,—10
3374 Jan
5
28%
,
.
;
28:,4
10074
10014
!
5 V,
28
28%
100'A
57a
5%
70
100
20 Vb
70
875
87b
*8 7b
407b
4874
497 b
49 74
8%
71%:
:
69
9
*8%
,
277b
10074
■;
;
5%
27%
10074
100
'57b
5%
*6774
87 b
70
27%"
,27
: 100
574
57'a
*68
28
100
27 Vb
:
10074
70
,/ 5 Vb
8%
49%
4974
4974
*49%
8%
8:,4
8%
8%
15
-_u„;..-iVo par
26 % Feb
5
conv
par
Detroit
94Vg Jan
4
%
Axle—
10
2
6% Jan
15 y4 Jan
-No par
11'/< Jan
l
1% Jan
$6
preferred..
Truax-Traer
100
20th
25,000
Cen
28
V
#
*5%
2.100
.
25
200
ife' preferred.——-_Lu_
•
Twin
...
10%
85
Mar
97
22
May
34 Va
3lVa May
July
7
5
4
Nov
Feb
.
Dec
Jan
43% Jan
Jan
6%
Dec
8
7-% May
18 V*
6
8%
1274 Mar
% Mar
8
May 25
9% May
4
Jail
•
2 Va
.56% Jun
5% Jun
71
Dec
Nov
Nov
7% Aug
24% July 15
7%
Jan-
16
Oct
34% July 14
19 %
Jan
26%
Nov
1
1%
Jan
77% Jun 18
21%
Jan
78%
Nov
5 Va May
7%
Nov
101
Oct
13
9% Jun
Jan
11% Jun
67» Jan
1
1% Nov
157s
Jun
4% Jan
67
100
Coach Co
hi Mar
Jan
90
Nov
1,800
87 b
Jan
10
4% May
Jan
99
27%
Feb
25 % July
6
preferred..-'
t_.A'o par
prior pfd—No Par
Twin City Rapid Transit-.—JVo par
Dec
8
4
$4.50
500
5%
Jan
6% Jan
Sep
97b
16% Apr
12% Jan
-No par
Film Corp
$1.50
8.500
69
%
87b
69
par
—No pur
A
Corp.——No
Fox
Jan
3%
8V4
8
80
"A
Dec
34%
50
5
Tri-Continental* Corp.
Mar
Apr
Mur 18
10% May
27
Transue & Williams St'l
3
52 %
34% Mar 31
4
Jan
J U11
17% July
15% July 14
103% May 26
23% Nov 17
40% Jan 20
Oct
9Vi
2Va July
5!'4 Jun
4
26% Jun
247a
42
Jan
30
July 23
3
4
12
Oct
8% Dec
8'/4vDec
4%
3%
6% May 24
2
Jan
9% Jan
par
„
preferred-.--—No
•
1 Va Jan
16
«_10
—N(
Oil
Nov
'37Va
Jan
41
18
33 Va Jun
TranscoiR'l & West Air Inc___5
5,100
lOO1,!
68 34
8%
4
Transamerica Corp
800
8% :
277b
5%
87a
8% Jan
3.900
2174
*100
70
70
87b
—L—25
par
3%
Apr
2V8 May
4
May 27
2
Water Associated
S4.50
49
Jan
$3.50 qum preferred
'
{
3
Oct
Apr
5
Sep
34% Nov
July 12
9% Sep
Oct
Jan
Dec
7%- Jan
28
Oct
Nov
!4
May..
4Va Apr
51 % Aug 19
52
Timken Roller Bearing—...No par
85
8' 4
2% Jan
14
5
1
Timken
/
:>
3%
20%.
207b
12
Jan
No par
.100
2,300
18%
12
27«
9
6% Jan
—_l
—
2,200
'
V
16% Nov
42
5
July 22
13% July 14
27% July 8
*
12
8%-
7
35
3,200
,
7a4
%
18%
20 7 a
18
Thcmpson-Starrett CO——No par
Tide
1,870
ll7,,
•
41% July 13
5
_Nc par
-No pat
.
Co
Thompson <J RV_—
Thompson- Products
800
1274
100
—
Third Avenue'Transit Corp._No
2.000
1274
18% V
83%
*8
3a,:
16
3
207a
0
|
$3 div
30
12%
:
837b
874
20 7
30
1%
.3 3 4
'*117b
la
117 b
20%
*29%
1%
4574
27«
177«
11%
*8
12%
30
177 b
1874
20
*11%
7%
8
34
Oil———10'
preferred--
conv
Thermoid
3,900
16
"7 Vi¬
17%
a
3%;
23 34
.
45
7%
1174
3 1
837b
\
4474
77b
*44
3%
4474
247b
12'A
!:•
3
*
|
45
7%
44
12
100
19
1874
'
247b
44%
:
.
100
9978
100
25
75«
■
12%
2
7% Jan
No par
——No par
&
Preferred..
30
7 1/4. '
1274
17
127b
Coal
The Fair.—
400
94
16
17
24%
2514
44%
«'
174
1%
3-*«
174
174
44
S3.60
30
67a
*92 »b
7%
7%
V44.V7/;
3%
3%
18
127 b
100
25%
*
12%
*17
100
99%
*
174
1774
127b
29
1%
1774
!
46
Texas Gulf Producing
2,500
*11%
V
6%,
92%
77 -4
12
■
17 >4
v
94
a
.V-VV.7
*44
774
7 !b
5
A' V 9 74
49%
18%,
177b
,
28%
1
47n
Nov
8% Jan
Texas Pacific Land Trust.———1
-
53% July 14
v: 6% July 14
'
9-%
974
10
*11 %
j
i'
3374
137b
*49
i
2
28
35
14 v.%;
3%
t
3J/a Jan
35
'
.
Apr
13r,«
*43 74
*
30
347b
*48 Va
.1
2
14%
7%
['•
41% Jan
,
35
*12V4 Vl27«
*6%
13% May 29
4%
127ft
17
*92 Vb
8
14:;;
*
35
1 Va Mar
8% Jan
34%
47b
5%- Nov
Apr
32 v.: Apr
—5
_
(The),
4
3
16
25
■.
47a
48%
17
'•
'
Texas Co
10,400
:
Corp
1374
9
4%
48
Tennessee
800
34%
48%
'
i
477,j
*1274
.
!
47 7b A-
47a
4%
47b
107b ; lo'v.
47
46 7 a
10!«
4%
.
v
I
i
46%
10%
97b
1374
9
10%
a
;
13%
2
35
13%
f
10J
Telautograph Corp—
34 %
474
34:!4
*,
10%
47
*10V4
••'•'■'
'A
4»/a
*4!u
'
24
Apr
5 Vi Mar
45
■
*4 7b
10
6
Nov
iu
*48
8%
78 %
9
8%
9
77%
79%
% if,
113%
78
7774
*115
1167 b
*115
116'a
7112
78%
77
78
*115
1167b
50
78
116%
49%
H7a
79
*116
11374
11374
1874
*9274
96
947b
*26%
26%
26%
116%
112% 1121'4:
27%
2774
23
Va
112%
1874
*1874
18J b
18 7 b
18%.
18 74
18%/ /
1,600
94'%
94%
941,4
94
95
2,200
Union Pacific RR Co.
9474
94%
94%
*93
93 7«
*5)3
94
267b
26 74
*26! b
26%
*26!',1
2674
26%
26%
277b
27%
27'/a
,27.7b
277b
28%
277 b
28 %
."
.
5874
25
1
1%
54
; *52%
.
7%
.
7
28%
*7
*27
27
7
59
26
*23'/a
25
12%
71
707b
71%
274
2%
;
1!
31%
7
7
27
*31
.
27
United
400
United
1%
5%
a
/
7
26
70 'A
*4%
•
15%
*111
United
Drug
United
Dyewood
*9
427b
*42J b
45
34%
34%
*33%
47b
4-%
47b
47b
4%
157-1
15;t.,
*111
5%
5
97n
*9;
'
3274
157it
113%.;
:
32
*32
42
*39%
407b
*35
36
34%
34%
35%
35:i.,
*1'%
174
1%
l'a
32
1%
1r' a
377 b
;
;
*39
•
387b
38
38'4
32
.
125
125
123%
Fruit Co.
53
5274
5274
21
*45 7b
21
*45 !b
47%
27 b
3
274
2
21%
4774
120
721-«
51%
21%
20%
*45%
47%
*3
.
21
-*45!a
314
3
2%
.
27'„
•
,
;■
38
900
v
,
'
•
Preferred
*717b
50 7
a
72
20%
20%
3,700
.3 74
27b
21
47.74
*43
; v
7%
/-%•;
84
1574
*15:
*15
84
*80
15
15%
3%
e
*3%
3%
*3'4
30 V,
374
30!
*80
30%
30 %
*30%
67
66
168
667 a
'-163
*163
67
667 b
*163
'
-.
84
80
15
15
3 Vb
;•
'
*163
3
31
*66 !a
66%
3'b
/: 2
68
'
*163
-
*80
•
8,400
,
82
*15
15^4
:
Jan
8
7% Apr 26
2!b
Jan
Dec
1747b
674
Dec
Jan
41
Sep
Apr
3474
Jan
Apr
47b July
147# Oct
19% Apr
8
7
Jan
114 Oct
7
99
Jan
8V» July 19
9% Jun
13
37 Va May 25
42
32
Jan
15
441/2 Jun
{I Jan
2
25 Vi Jan
5
101
Jan
Jan
64% Jan
May
26% May
2
20
20
129% July 23
13
47% Jan
46 V* Sep
,
4
7
114
22
9
3% May 10
8
46
July
1
29%
27%
Dec
Mar
103 34
Dec
51%
Jan
71
Jan
Nov
1
59%
July 15
July 19
107 %
Apr
5
157b
50% Aug
6
18
29
preferred——1.25
.42 % Jan
4
Mar
137b May
54
74
20 Va Nov
Dec
1
3774 Apr
7
par
Aug
327b
7b Aug
May
125
Dee
3074
'
Apr
62
8
Jun
10
13
Jan
.No
64
1
Apr
16
Aug 23
112
y; Feb
Jan
.
8
6
29% Jan
No par
...100
87
.11%
May
24 7b
29% Jan
•
..10
—l
37 b
*3014
*66 Va
300
31
68%
687b
37b
Preferred
250
'.
8 7«
6
,
58
Apr
44 74 May
55%
Jun
11974
Apr
3974 Mar
Jan
Jan
24
Jan
46%
Jan
14% Jan
23
2% Nov
17
No 'par
„No par
30 Va Nov
27
20% July
2
6V4 July
15
Jan
12
150
Oct
%
4
Oct
1
12
Dec
1574
347b May
Oct
60 Va
Apr
Nov
2
July
40 V4 July 16
13
59V4 Jan
1
.100
Oct
88
Jan '23
—i
preferred.....
1%
'
Inc..—_1
—
7b May
3% July 19
3
5'
56
Universal ,Leaf Tob
'
•
.
Laboratories
% Jan
par
—_A'o
universal-Cyclops Steel Corp
60
-
preferred.
conv
Universal
2,400
.
*163
/
$6
l%Jan
5
United Stores class A
400
15%
3
*6672
V'*-
.10
159
3474
Jan
Feb
Dec
'
:
6 74 .May
40'A May
1
4% Nov
Oct
47-8
57b
>
X42% July 14
..No par
United Stockyards Corp....
700
27b
31
,
*3074
'
-
82
15%
3%
*3074
July 13
167b
•
'
*78 7b
15
2%
3%
31
/.-v
82
4
4
9
.___^._1
'
'•80
-i
4
20
Tobacco Co..
non-cum
Apr
/ 19
Jan
—,,.10
Preferred
U S
777b
9834 Nov
2
47b
,;
Corp.
Apr
29
—
U S Steel
Sep
27b
10% Oct
non-cum 1st preferred—.—100
Smelting Rer & Min__
—50
Preferred ....n__
...J.50
3,300
Apr
2%
4
44 Va Nov
8ri
23,600
1174
-6
30
If S
200
51%
122
29
May
17
U S Rubber Co
900
Oct
13 V4
.
17
Playing Card Co_l_„_—
1,600
Jan
5% Jan
Pipe Sc Foundry^
11,500
727b
39% Jun
U S
123:%
Jun
17
U S Plywood Corp
J
U S Realty & Impt—:
1,200
48V3
20
U S
13 4
Feb
21
75% Oct
108
Sep
35
5% Apr
•
8.
13% Jan:
Jan
6%
Jun
181% Apr
100
1,000
■•'
3 Va Mar
19
,
Nov
253a
29
.1
Dec
3%
50
8
Jan
...No par
Oct
Dec
8%
Apr
Jan
—
Feb
7B
18
Aug
59
preferred—100
20
Apr
174
173
;
5
preferred—.,——50
Co
4 '/a
5
Dec
Jan
33 7b
Cct
Oct
58%
Jul* >
3
.100
900
31%
35%,';
12134
2
Prior,
U S Lines
400
-
conv
'
Jan
ba
11 /
_——20
Partic & conv cl A.J
20
14,100
527b
123114
51%
*3
...No par
9% Jan'
U S Industrial Chemicals——No par
U S Leather Co.
No pur
1.200
3938
174
47%
2%
84% Jan
.Freight Co.
S Gypsum Co..
7 Kl .preferred..—
S Hoffman Mach Corp
5 % r/t
50
800
>
41
52
*43
3V4
2%
31%
35 7b
'
274
2%
74
9
U
1,600
■■'/-. ■
51%
*37
72 %
20%
■
47%
i
122
121%
6
"
3 4'«
x50%
.
'
■■
4%-:/
9 '%
,
52
72 %
121%.
87'a
45
16
122 ■'4
■■■'
517 a
120%
2174
3%
*3
37%
51%
U
50
113
17b
122%
52
*7274
52
35%
100
May
2% July 21
4
4% Jan
17
113
Apr
29
6
3 Va Jan
July:
A
Feb
76% Sep
2y« Jun 16
16% Jan
Dec
30
Jan
35
9
10
...
2074
Apr
9% Mar
Sep4 29
9 % Jim
19
No par
—No par
Faperboard...
U S & Foreign Secur
$6 1st preferred
Jan
10474 Mar
15%'Sep 22
4
Nov
60% Mar
wr
Inijprov't ex-distribtion.
United
400
'3,800
33%
5% Jan
United Merch & Mfrs Inc:r__——.1
2,900
1.700
5!b
40:,«
17 b
38%;
120%
,
317a
40'%
12274
51%
727a
515 a
120%
21%
120
31%
*35
174
3774
*122
5214
*72%
51%
1217 b
51 Va 1
51%
51%
119%
73
73
73
*72%
387b
52
974
35
1'%
124
122%
'
9%
40%
35
.19,400
—No
U S
16
5%
66
26
10474
30
Apr
7%
8
Jun
9
4
United
1,700
*111
113
4%
3174
*40
47a
1(5.
*111
9%
317b
40%'
38
1237b
53
32
%
33%
lb
5'a
*9
'
1574
111
4%
9:,4
*37%
15%
111
5%
.
4
*42%.
7
...5
179
*874,
33%
9%
91«
8
42 %
34%
1137 b
5
X8
9
■
4
2% Jan
_l—5
89
3
Jan
2!4 Mav 10
35%
7% Jan
Cos.
69%
*1777a
.
•:
Feb
y367b
16
x26
38% Jan
Coal
81%
3
7
Electric
Jun
37
2
.5
Nov
1
5
l.'.i.
Dec
85 74
69! 2 Jfun
Corp..;—.1—_1
.Co
167b
Jan
11
hi Jan
Jan
May
Jun
17% Jan
108
Nov
217b Aug
23% Jun.
May 27
114
113%
747b
20
33% July
16
18% Jan
10
Jan
Dec
6374
22 % May 12
8
2
——100
United Gas
Oct
114 % Jim
par
No
Engineering & Fdy
>
97
No par
...No par
United
14%
69%
177 V,
Jan
55% Jan
par
United
97
147b
68
a177!b
45
474
>111-
5
68
v
17i)
9
*96
14%
'42!'.
16
*15%
1137b
47b
687b
177 7 b
97 ;
14 Vb
......._iVo
Corporation
'
8
*34
*4 7 b
4%
9
77a
45
35%
16
68
*
177%
9
77a
Carbon Co
4,800
/tl"
16
109% Jan
par
600
2%'
27
7','b
*96
20
No
2,800
4
3574
*42%
45
33 %
33%
697-,
177 !b
9
9
9
J)
*42 !b
69
274,
V% 27
27
*3%
%
17% Jan
Transport.'——5
Preferred
70%
37 b
14%
4
Co....:
700
7'A
3%
95
93%Jan
$3 preferred—.
,
26
77b
'
—100
preferred......100
5,000
5%
54
3%
,
,
14
•
40
Lines
Air
Biscuit
conv
United
26,600
12ii4
57b
2%
95
13 V.
28 % Mar 30
6
.
26,500
33%
127 b
'
70%
:
8
25% Jan
United-Carr Fast Corp
7!
26%
24% Jan
,.-.5
200
26%
2%
27
.A'o par
^
241b '
7
69 !4
3%
6
—
83
100% Mar
79% Jan
United Aircraft Corp
5 % conv preferred.
17,100
19
22% July 14
Dec
974
May
114% Oct
2
46
Apr
108
102 % July 16
Union Tank Car
Sep
29
preferred——1—100
non-cum
300
105% Jan
Jan
7 la
58
Apr
xll8
8
United
267b
.
274
7!4
97
13%
179
*1777a
179
7%
*9474
,
5
28%
2
26
2
300
*52
7074
27
'
4
77 b
69! a
*68 74
69 %
697b
2774
7b
1374
13
13%
*177%
97
*94%
97
*94 7b
>13
/V
Jan
July
11% Feb
15-% Jan
59
1
5%
69 %
.
2%
*3
774
774
7%
7-7e
2%
27%
4
*3%
4
.
2774
27
2774
•<
113
59
86% May 27
80!4Jan
10
32 74
54
274
71 '
707b
27b-.,
274
17
18
25
114
a
127b
5%
*52
7
27
2674
12 74
6
54
800
16,000
-
'
•
2
Nov
.100
247b
1'
31%
127b
5%
■"•.
4't
'
707b
Jan
.
59
1 Vb
*52
400
18%
*112%
317%;
1
30%
6
2674
*58%
■V •-./■
23%
18114
.
190
100 7 «
,23
18%
114
5874
*24
54
tr
7
27
'
12-%
6
*52
.
.
1%
*100
23%
18%
*112%
114
5874
317a
127b
6
54
6
674
1/4
26
1
3074
12%
12%
12%
12%.
*52%
*24
31-%
23%
1874
114
112%
101
101
23 A,
*18%
:PX''
59
17 a
30 !b
31
•
112%
IO2"
23
237b
1874
*58 !b
.
26.
*24
25
1
30%
2274
*1874
5874
113
*101
101
*114
*114
59
*5874
6
"'"-7
101
19
*18
18 Va
'•
■
Jan
8
77
Union Oil of California
9474
237 b
22%
i
23%
187 s
'"'I'll
42
par
Union El Co of Mo $5 pfd___ No par
Preferred $4.50 series..—No par
94M,
••
102
*101
102
%01
par
No
*94'/a
277-4
No
...No par
Co
Carb
11374
.
9474
,
Fisher
9374
.2674
2774
;
Union Carbide &
1874
937b
*94%
113%
1874
93!4
/
Union Bag & Paper
*116
~
18 74
93
18%
:
79
Under Elliott
8,400
9%
78 7a
116 7b
1.000
5,600
V
50.,
874
75% July
Nov
163
.
7
41
May
4
142
Apr
1
6"l
Oct
152%
Dec
mv
37%
17%
1€%
17%
17%
17%
17%
*17%
18 %
*9%
10
*9%
9%
9%
97b
9%
9%
9%
9%
*34%
35
*34%
*34%
34%
*33%.
34%
*17%
35
119%
119%
*40%
41
40%
40%
*52%
57%
56
56
119%'
119%
*20%
3%
*3%
~3%
*47%
48%
47%
39
40 %
*39
*38%
40%>
*38%
34 V,
34 A
*32%-
150
*143
21%
*20%
150
34%
38%.
39
*38%
34%.
337b
*1177b
Van
600
41%
*59
60
*61%
70
*61%
70
70
21%
i—* CO
20%
46%
39%
104
*143
150
*143
150
.
1st
V; 21%
20 %
3%
47
•
'•'«
3 :ia
48
20
217b
300
3%
700
119%
39
39%
39%
40%
39
*38!2
39%
33
*33%
33%
*143
1041
_>
148
*104%
105
*143
148
140
preferred
Va Iron Coal &, Coke 5 7e
•
900
non-cum
5
6
30
May
42
Aug 28
50
July
Sep
55
Jan
60
Nov
1874 May
25
'
51
Jan
22
57
Feb
15
67% May
18
26% Feb
20% Nov
.
1
Oct
Aug 30
11074 May.
,>J 111774
Dec
X123
14
45
Jan
21%
Nov
1
24
3174
Jan
1
Oct
35% Sep
29 Vi Jan
2
8
26
Apr
May
.100
80
Jan
8
110
Aug 18
70
Jun
100
113
Jan
26
148
Jun
15
120
Mar
40
Jan ,14
Oct
14
Oct
..25
'
Jan
27»
15
Vulcan Detinning Co
Preferred
Va
40%
Jan
27
Dec
Jan
Jan
25
116!4 July
22% Jan
39
Virginian Ry Co
'
6 'r preferred.—
Dec
1
116
20% Jan
55
Jan
26
,1
100
pfd..,100
15
11274
Mar
6% July
No .par
.
6
19
68% July
4
5
2!4 Jan
Jan
11% Mar
Oct
65
par.
20%
44% Oct
120
40% Nov .16
,..5
Jun
Jun
21
.100
No
7%
25
ino
...
14 V*
12% Feb
37 % Oct
,
Mar 15
115"
^..5
div partic preferred
Va El & Pow $6 pref
=
480
%
—100
25% July 15
4
7
11
25% Jan
67*
270
104
preferred..,
Victor Chemical Works...
Va-Carolina Chemical
2.500
48%
*118%
33
8% Jan
.5
Vick.s Shreve k Pac Ry...__
5[r
'A. 119%
*38 %
...2,50
...
Vick Chemical Co
400
118
33%
102
20
15% Jan
No par
•
Co..—
•
•
*3%
.
38%
103
%
Corp of Am
Norman
Van Eaalte Co Inc
119%
*41%
60
*98
%
Vanadium
1,300
•
34
42
3%
391 b
119%
'
*41
*117%
46%
118%
*32
34
*59
3%
118
10
10
60
46%
*38 %
103
*143
*61 %
18 %
41
3%
39
39%
*98
70
119%
48%
118
34%
104
41
*58%
314
40%
*98
1177s
60
*467-,
48
118
118
119
*118
*20%
37b
*
40%
*61%
23
*21
22
119%
40 %
*58
70
*62
70
*61 %
*119%
'
*32
17%
.
2974
Oct
96% Mar
138
Jan
W
*35%
36' b
36%
37%
37
37
30%
36%
37
36%
3714
1,500
10%
10%
10%
10%
10%
10%
10%
10%
*10%
10%
10%.'10%
1.500
25!4
25!4
25%
25%,
*25%
26
25%
25%
25%
25%
25%
%04
110
*105
110
.
*105
110
.
*105
106%
:
36%
*105
-106 7'a
*105
25%
1067a
,
"
700
700
Wabash RE 4%%
Waldorf -System.
preferred—J100
..A'o par,'■
Walgreen Co.__._,
^.__No
■
4%% preferred
...
J.
par"
_u.:i00.
7% Jan
5
20% Jan
2
footnotes
see
page
2063,
Feb
103
1
For
39% Oct 30
11%. May 29
28 Va July 15
4
24Va Jan
.
1
1'
i*ifokiL
r
'
j
10
iii
*
109
.
■
1
Jun
1
10
21% July
674 Mar
16
Apr
977^ Jun
307b
Jan
77b
Nov
207b
NOV
102%- Oct
Volume
158
Number 4231
THE COMMERCIAL
LOW
Saturday
Nov.
*17%
*1%
.
1%
*45%
20
%
*14
5'22,;.
23%
"5%
20%
'
*1%
1%
v.'-V- *43 %
45%
44
11%
10%
10'%
Vf
1 '/«
24
20%
14%
*13%
23
*22
13%
82%
94%
6%
6
Range- for Previous
STOCK
EXCHANGE
Range Since January 1
Lowest
Highest
%
Par
I per
11
21%
*76%
78%
*76'%
15-%
14%
22 •*;
.
21%
*8
78%
22%
*78%
•
6%
*22
21%
78%
:
22
V
Warren Fdy
5
13
par
No
;
4
20
7
4
11
15% Jan
12% Jan
82
82
*93 %
94%
*82 %
84
116%
•
'/•%
83% 483%
117
15%
83
116
15%
15% ■>15%
*106% 108
106%
106%
27%
27%
27%
3%
3%
*6%
7%
41%
ii .'••
Z
7%
20%
89'«
89%
*123
*31
33
•*24%
108%
22%
22%
22%
22%
2334
;6,900
20%
19%
20
19%
20 Va
19%
20%
4,500
88 ,4
88 W
89%
91
I *96
i
*18%
18%
6%
6%
6%
43.4
69
*64
69
*24
26
*23%
24
125
*31
33
24%
*24%
24%
109%
2
15
May
20%
Jan
79% NOV
3
59 Va
May
X71%
NOV
4
98%
*95
97
7%
•
67
*64
69
*62
25
*23%
25
4%
4%
'■■."V
4%'
4%
47«
4%
4%
vj
4%'
4%
12%
*11%
7
78
,
12
7%
L
■
11%
78
77%
%
10%
lOVi
7 Va
120
77%
10%
u
■■■
20%
77%
f
120
*19%
36%
21
21%
20%-
36
'
•36
22
23
*182
110
*110
85
Aug 20
34
Apr
Oct
14
41%
Apr
104
87% Oct
11
36
93
Jun
3
102
Apr
May
16% Oct
29
11
10%
78
*98
110
*98
110
>
48
*46%
•-
-
20%
20-%
35'4
35%
23%
21
23
*100
120
*103
120
»•
•48Va >
110
*96
110
*96
*48%
51
49
92
*90
94
*66
67
66
66
27 Va
v
26
V2
Woolworth (P W) Co
9,100
Worthington P & M (Del)
Woodward Iron Co
120
7%
110
48^2
48%
90
90
91
91
300
66
66*
66
*64
66
66
K'66Va
500
% y
26
27
-
V;
>
27%
27%
11%
12
35%
357 a
35%
97
•'.4 96%
11
11%
*26%
12
35
U
96
12%
96 %
I
-
'
49
700
"
27
12
*4G% >48%
48'%
97
11% '■.:
11
;••"'
'•
28"; '
*26%
12
5,000
35%
6.800
97
97
13%
35
v
97:
Ills
11%. %
;
.
30 %
30%
29%
30%
28%
29 %
28%
3%
3%
3%
3%
3%
3%
3%
3%
and
asked prices;
no
sales on this day.
?In receivership,
■
•••
1,700
Stocks,
of
Number
Week Ended Nov. 19, 1943
Saturday
Monday
Tuesday
Wednesday
Thursday
■1
r;
29
29
31
30%
>,000
Zenith Radio
1,700
27%
Feb
69%
Jan
15%
Deo
12
Jun
15%
Jan
3
Mar
5%
NOV
Apr
3%
1%
Apr 30
40
53
Jan
27
Oct
1
15 Va
Apr
22%
Jan
1 Va
Apr
23o
Deo
2
2
6% July 19
9% Jun 28
Jan
6
14% July 14
4% Jan
2
57%Jan
9
Jan
115
Jan
9 %
4
8
Sep
17% Jan
9
42% July
25% Oct
149
100% Oct
8%
Dea
3%
Sep
Sep
6%
Jan
73%
Jan
51
12
24% July
2
110% Oct 21
2%
Apr
Oct
6
Nov
30% Jan
'16% Jan 20
1% Aug
2
11% Apr
119
May
4%
20
86% Oct
27
,
Jan
86
2% Jan
3
Jun
16%
2
28
107%
Dec
24
.21% May
14% Jun
■
31
110% Oct
Jaa
Deo
21%
Jan
Sep 20
117
Nov
125
July
106
4
134
Sep
NOV
117
Mar
44% Jan.
9
54
Jun
1
42%
uun
54
Jan
46
9
57% Jun
18
44
Jun
57%
Jaa
Apr
20
80
Jun
104
Jan
70% Sep
29
39
Apr
62
Jan
Jan
Jan
par
87% Sep 20
No
par:
58% Jan
21
% Jan
108
4
18
13
31% Sep 10
17% July 13
15%
4
6
41% July 14
28%
Jan
4
98
Nov
12
78
Jan
9% Jan
2
16% Jun
7
7
May
7% Jan
30
par
Jan
82
100
No
Zonite Products Corp
Exchange
23%
Oct
Apr
7 "a
Nov
Jun
5
s
Corp
;
Railroad
37%
Jan
87
Oct
12%
Jsn
Shares
Foreign
Bonds
Bonds
682,490
4,539,500
446,000
5,867,100
7,606,300
265,000
1,000
315,000
37,000
7,135,700
203,000
1,000
290,000
7,000
$1,892,000
$75,000
$39,626,200
$5,000
3,123,952
$3,209,100
24,000
5,009,500
a
Week Ended Nov. 19
3,973,531
Government
_■
Monday
the
daily closing
Jan
465,000
7,000
Total
$315,000
$2,000
—
474,000
;
723,000
14,000
165,855
637,000
12,000
2,000
651,000
156,730
—
Friday
766,000
37,000
16,000
819.000
288,615
Total
1,083,000
11,000
1,022,600
,—-—
$3,980,000
$90,000
.
Stocks—No.
$6,248,550
108,800,000
1,946,265,300
of
shares
....
~1943
—
1,022,600
1942
557,145
-
•
737,000
.
4,000
1,098,000
S24.000
$4,094,000
Jan. 1 to Nov. 19
1943
65,411,806
1942
17,345,283
Bonds
$61,000
$3,135,375
106,406,600
2,866,452,400
Domestic
$3,980,000
Foreign government
on
4,094,000
—Bonds—
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Rail¬
trials
roads
ties
Stocks
Utili¬
10
Total
Indus¬
19,000
1,246,000
Total
40
trials
Rails
Rails
ties
100.62
64.69
110.22
95.63
95.57
Bonds
November
13—
131.76
32.53
21.01
45.59
November
107.01
15
131.56
32.67
21;09
45.61
107.06
November
100.66
64.39
110.17
16—
131.18
32.54
20.91
45.43"
106.98
November
100.51
64.36
110.15
17
130.24
32.38
20.70
45.12
107.00
64.11
110.22
November
100.43
95.45
18_;
130.79
32.53
20.80
45.31
106.99
100.68
110.19
95.55
November
64.35
19—
132.30
33.07
21.20
45.93
107.00
101.02
65.20
110.32
95.89
-
95.50
672,000
$3,677,000 $209,312,000 $155,115,500
Averages
10
15
$3,538,000 $196,175,000 $150,690,500
120,000
11,891,000
3,753,000
the New York Stock Exchange as
compiled by Dow, Jones & Co.:
-Stocks-
20
24,000
-
Total
averages of representative stocks and bonds listed
30
90,000
Foreign corporate
$43,479,200 $2,975,994,375 $2,061,313,850
Date—
Deo
181,720
Wednesday
Thursday
102,947,506
Foreign
Corporate
$9,000
148,380
.
Tuesday
Stock and Bend
are
.
2%
Exchange
Government
Week Ended Nov. 19
254,520,022
2,919,000
40,499,200
$39,626,200
20
Bonds (Par Value)
Domestic
$306,000
1942
$75,000
Total
Feb
1% May
y Ex-rights.
81,300
Jan. 1 to Nov. 19
1943
1,892,000
37,659,200
industrial
x-E^-dividends.
8%
Foreign
Shares)
Saturday
6,133,100
7,958,300
Bonds
Foreign
37% July 13
4% May 10
of
Week Ended Nov. 19, 1943
9,976,500
$37,659,200
shares
2
(Number
7,339,700
9,679,500
of
12
Stocks
Sales
Bonds
1942
Jan
wd When distributed.
Special sales,
Bond
$373,000
1943
2
Total
Government
620.380
Total
19% Jan
Daily, Weekly and Yearly
United States
and Miscet.
NO par
1
Transactions at the New York Curb
828,070
——'
Below
Dec
Dec
10% July 26
7% Oct
1
No
preferred series A
'■3%
3%
$2,831,100
Friday
&
17%
12% July
22% Aug 11
% '
,
Daily, Weekly and Yearly
8.
Jan
2
2% Jan
100
Youngstown Steel Door
Deferred delivery. ' nNew Stock. •! rCash sale,
a
Transactions at the New York Stock
Railroad
93
'
30%
3%
U.
July
58 Va
5
8
preferred B
100
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—'_100
5%%
350
'
11% >
30%
Stocks—No.
Apr
5
'
Yale & Towne Mfg. Co
23
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
600
12
•
X34% •35%
97
'
.10
Wright Aeronautical
.Wrigley (Wm) Jr (Del)
Jun
Oct
50
1
28
12
par
No par
preferred A
20
Jan
Dec
80
24% July 22
71% July 14
5
14
2.% Jan
8
40
Jan 15
x20% Jan 19
—10
6%
48 Va
12%
*Bld
400
2
42%
Deo
108%
13% Jan
10
9,100
:
25
100
pfd
5
■
Oct
100 Va Jun
32%
31%
3% Jan
1
No par
Co
23
99
_No par
preferred
Wilson-Jones
20
•
.>
Jan
Mar
6
Jan
Tan
Oct
127
Aug
Apr
22
Apr
Jan
Jan
8%
Feb
23
60
15
3%
30
Deo
109
Mar 13
58% Jan
20
Deo
19%
9
Jan
18
par
Jan
20
83
5
52
9
Feb
104%
Apr
3
112% Jun
18
13% May
July
40
Jan
Jan
63%
29% May
85
10
35 3i
-*47%
•
■
106%sffaiV 15
par
...
24Tb May 29
24%\Nyxfjl9
No par
.23%
48 %
35%
Jun
preferred-
23%
90 Va
1214
11%
S6
conv
35%
48%
35%
11%
900
90
121,4
11%
48
6%
800
51
35%
96
> *46%
48%
136
Jan
Feb
Jan
113%
Apr
4% May
23%
Jan
19
5
Motors
24
■
23% Nov
12
Wilson & Co Inc
94
12'4
97'4
*46%
%
,
15
Nov
10% NOV
2
27
Jan
•2,200
.7,200
*48 Va
35%
-07
110
49% Oct
1
%:•> I *90
.% "9 *64%
49
*90
*98
8
22
5
10%
*19%
2
2
'
20
35%
'
2% Jan
Sep 22
30% Sep 20
6% Apr
5
11% Apr
3
Jan
Wilcox Oil & Gas Co
:
10% Sep
97
Sep
12% May
110
31
preferred——No
23
}.
,
20
2
120
preferred
35 %
„
5
Jan
i 5% Jan
':■■■'■ 37% Oct
—1
Wisconsin El Pow 6%
*103
*94
*19%
;
Jan
19
7% Aug
1
Willys-Overland
1,600
78
*10%
36
120
conv
Prior
*120
i.
20%
'■ :« *
110
:
78
10 3 a
10 5a
7%
103
July
12,600
%■
12%
7%
*120
yy
12
7%; 4
*77 V4
10%
—
:
12
7
5
%
viwi
f
4%
5
35 34
i
$4
4%
22%
..
White Rock Min Springs.
White Sewing Mach Corp
.
5
119
100
White Motor Co
.
8
11% Jan
No par
4,200
25
Jan
4
No
prior pref
4,000
67
5%
12
.
77 Va
*120
1
conv
2
7
2
White Dental Mfg (The 3 S)
4,000
*23%
109
.—100
7%
*63
4
25-•.
T 4%
4'!»
-
7V4
77 V*
So
Jan
17% Jun
12.50
5
i
57
V
—_.50
preferred
Oct
91
99
__No Par
Wheeling Steel Corp—
■
y.
\ " V:
19%
7
4%
4%
12
7
77%
*20
•
i-
120
*26
19%
66
■
36 %
*46'a
%•
.
30
:
•
conv
■
4%
12
7% y
.} *10%
*120
*19%
'
7 Va
*23%
41,4
4 %
•
12
7%
1,100
•■
17%
4%
•
*60
4 %•
■
7
19'4
i
4%
'
sii
•67
*17
% %
July
4
15% Jan
"
66
4%
5
Nov
3
4
81
No
18
Jan
4
50
preferred
14
Jan
1%
67% Jan
.
Wheeling & Lake Erie Ry——100
40
5
'
*66
:
17%
19
4%
*23%
k-
?■%
7%
S4.50
•.4
.->:V
21'.1 '
'
4%
*11%
183ft
7
4%
;
97
par
_No par
Weston Elec Instrument
Westvaco Chlorine Prod
400
400
60
•59'/a
21
67
*66
.
: *17
'*■ '■'
*95
: ■
*20% >21 yy?.
17%
18%
.
4%
4r'«
:
67
*17
18%
4%'
:
97
*56
Air Braxe
Jan
11%
21
No par
..„_•
12
8
Jan
2nd preferred—100
B—
2
July 23
; 8% Jan
% '>50% Jan
1
Westinghouse El & Mfg_
1st
partic preferred—
90
;
j
108%' IO8V2
59%
17%
:
.
33
24%
*56
.67%.
124 '
24%
Feb
69
100
Westinghouse
19
17% Jan
100
Class
Jun
8% July
26% July
Sugar Corp
non-cum
Jan
13 V*
26
Penn
4%
39%
17% Jun
Western Union Teleg class A_No
par
12,300
■3,500
33
109 %
109%
20%
43 Vu
32% '
•
59%
20%
7%
■
123
*58
20%
VA
24 Va
31
*24%
109 Va
42
.
98%
>
6%
A,
*107%
89
*123%
•'
7..-'.:■■•
■
124
59%
ISV4
v'
:
*64
>123
*17
4%
18%
88
125
33
20%
67%
6%
4%, >■ 47«
18
89%
i
*58
fr
17%
500
23%
6
Oct
5
,
900
I-
6%
42 Va
98%'
66%
V
6%
X41%
*98
66%
:
Deo
Nov
24%
4
Power 4%% pfd
.100
Pulp & pap Co_
No par
6% preferred—,.
,.—100
Western Auto Supply Co
10
Western Maryland Ry
—_100
1,100
3'a
8%
8
preferred
West
29%
2% Jan
West Va
so
r
.
27%;
3%
;.
(5%
98%
*17
27%
%
,
106 Va
23
*96
17%
•
*106
42%
j
%7
*105%v 106%
27 V*
*26%
3
3 -v.:
900
Nov
Feb
4% Apr
17% Jan
preferred
6 %
1
16
No par
preferred
Indies
7%
'.760
*15% -15%
;
116%
i
%
*31
i
West
6
par
No
West Penn Electric class A—No
(iO
41%
59%
*06
3
35%
.
>
7
*58
20%
'27%
3
15%
116
83
43%
24%
'*107%
20%
116%
'>81%
%
59%
I 20%
86%
x27 %
V
-
v
%
*58
20%
9.300
'■( 270
•.■>: 580
92
6
89
I
/
108%
'
'
85
•
42
i
33
81 %
116
108%
3
;*123
'
106
27%
20
24% -24%
109%
108
23
J
%
90
125
*31
24%
1071 it
*
20%
123
81
-
15%
r>
89%
s
125
83
15%
4
20%
20%
7%
43%
23 %
*81
-
15%
3
22
•
84%
91%
15%
277/8
41%
42
•'
....
83
83
91%
Nov
No par
1,500
'
83
91
116%
■
14% "15 !4
83 V*
92
116 Va
si
.
V
.
90%
117%
3%
■
14% V 15
•
•82
116 "2
■% * 106%
27%
*3%
.
93%
82%
",IA.
116
83
93%
•••V
15%
NOV
6
1
Webster Eisenlohr
*
'
Oct
5%
Jun
% May
32% Apr 21
23% Sep
1
22% Oct
July
16%
2%
15% July 15
56
41% Nov
Apr
2% Mar 29
Jan
Apr
3%
May 29
7% Jan
par
5
Wayne Pump Co
S4 conv
26
No par
Wesson Oil &; Snowdrift
78%
*78%
4% Jan
% Jan
Highest
S per share
137 a Mar
Waukesha Motor Co__
Pipe
5,100
22%
31%
18% May 25
9% Jim
5
—5
Washington Gas Lt Co
800
?
6%
6%
22
54% Oct 27
4
50
800
14%
per share
2
-
300
20%
14%
X
4% Jan
No
Pictures
&
12
15% Jan
preferred—.
200
.
20%
Baking Co cl A
Warner Bros
22.300
25
14%
*14
6% 1
*24%
20%
"20%
a
14%
21%
25
S7
500
11%
X per share
par
No
Class B
700
47V
•
Ward
share
38% Jan
Year 1ST43
Lowest
No par
Walworth Co
400
1%
47
*24%
3,900
1%
48%
11%
23 'a
21%
13%
:'y
*1%
(Hiram) G & W--—No par
Div redeem preferred——No
par
200
7
8%
10%
Walker
5,100
18
*8
*43%
20'
%
21%
t
*17%
7::
.
;1U
o
8%
31 %
*8
24
20%
6
94%
NEW YORK
Shares
47%
47%
17%
8%
1%
24%
*22%
78%
7
8%
20%
6
20%
82%
;
fa-f
23%
i.
*76%
.13%
24%
0%
*7%
•
*13%
13%
78%
13%
•
14
5%
the Week
X per share
47%
•
17%
44
10%
20%
*76%
17%
7
20%
*22%
5%
20%
17%
18
47
8%
v-
10%
14
Sales for
Nov. I!)
X per share
47
6%
25
*20%
15
46%
45%
10%
*24
20%
rfer share
1 %
*44
11
25
Friday
Nov. 18
8%
*114
47%
10%
*24%
50
I:i. *17%
7
•
4! ';8'4
8
.
48
18
6%
•
■e.
STOCKS
Thursday
Nov. 1;
X
2063
*
51%
*17%
7
9
PRICES
Wednesday
S per share
per share
48 >4
18
0%
*8 %
SALE
Nov. 16
X
48%
;••
HIGH
Tuesday
Nov. J 5
X per snare
47
AND
Monday
I
& FINANCIAL CHRONICLE
the commercial & financial
Bond Record
chronicle
Mew York Stock Exchange
<o>
FRIDAY
WEEKLY
-
YEARLY
-
and defaulted bonds. Cash and deferred delivery sales
week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur.
NOTICE—Prices
the
"and
are
for
Income
the column headed "Interest Period"
italic letters in
The
interest"—except
Monday, November 22, 1943
disregarded
are
in
the
week's
they
unless
range,
the
are
No account is taken of such sales in computing the
indicate in each case the month when the bonds mature.
range
only transactions
for the year.
of
>
SE
Friday
BONDS
York
New
Week
0.
S.
Low
.
3'As
3'As
Treasury 3s
Treasury
3s
2%s
23As
Treasury 23As
Treasury 23As
Treasury 23As
Treasury
Treasury
Treasury
23As
*112.8
112.10
112.18
Chile
103.21
106.3
*106.21 106.23
*105.25 105.27
105.29
110.13
110.27
J-D
*105.15 105.17
105.17
106
101.6
A Chile
A
111.13 111.13
110.6
*111.20 111.22
109.9
112.23
*103.21 103.23
103.18
104.26
M-S
*106.30 107
107.3
*109.7
108.10
MS
*111 11 111.13
108.15
111.26
*111.6
108.21
111.29
108.26
112.20
J-D
111.8
.1945
3-D
.1948
M-S
a 7s
•j',.'
J-D
+
1961
A-O
Vw'V-'V
20
1961
A-O
V'—
18'A
__1962
M-N
1962
assehted
i:
,
I960
M-S
i960
M-S
1931
(Hukuang Ry) 5s
(Republic of)—
18%
-
V
.
;
'
'*
*__
.
25%
25
'24%
24% ■*'"
5
17
24%
4
19%
24%
17
24%
18%
23 7A
11
17%
24
17%
22%
16
23
18
"•
*23
19
-
25%
•
19
'7%'
•'
'•
18%
17%
11
18%
18%
18%
.
18%
■
_
20
.
-
...
•'•
_
18'A
.
•
i,
5
11
18%
,■
J-D
:
.
ii
•-
•
18%
*18%-
\
•'r
*
■:
20
•
18%
18%
•.■••
12
19 %
20
'
20
•
M-N
assented
A Chinese
*106.18 106.20
J-D
19'A'
».•
;
26
25%
26
•
5
17%
'
%
*103.21 103.23
Treasury 2'As—
1961
...
M-N
J-D
'
High
18%
20'A
J-D
•L:
-
•
1961
6%s
fund
20%
2
..."
•
■
Low
19
1957
A Chilean Cons Munlc 7s^
.
_
19
1963
Colombia
*111.18 111.20
3-D
Treasury 2'As—
A 6s
M-N
—
No.
v
'
■
Range Since
January 1
Sold
High
1957
Mortgage Bank 6%a
6'As assented
AGuaranteed sink fund 6s_'
109.11
109.9
A-0
1963
sinking fund 6s
A-O
1962
A6s assented—
107.10
J-D
1962
Bonds
Bid & Asked
low
A Guaranteed sink fund 6s
:
Sale Price
.
a6%s assented
111.28
M-3
Last
Period
sinking fund 6s
ASinking
M-S
Interest
19
A6s assented
106.30
*110.10 110.12
Week's Range
or Friday's
Friday
Exchange
Nov.
AGs assented
.
10T9~ 103~3~
*101.4
3-D
Stock
Ended
(Continued)-—
AExternal
J-D
MS
(Rep)
AExternal
114.1
*103.18 103.20
York
Week
High
A-O
1951 1954
1956 -1959
1958 •1963
1960 •1965
2%s
Low
No.
Af-9
'
New
Range Since
January 1
Sold
A-O
1944 -1954
1946 -1958
1944 -1940
—1946 1949
1949 1952
1946 -1948
1951 1955
—1955 -1960
1945 -1947
1948 1951
Treasury
High
BONDS
Bonds
3-D
1952
1947
4s
Treasury 3%s
Trea
»ry 3'As.-
Treasury
Last
Sale Price Bid & Asked
Government
Treasury
Treasury
Period
Nov.- 19
4'As
Treasury
Interest
Exchange
Stock
Ended
Week's Range
or Friday's
Treasury 2'As
Treasury
2%8-2'As
2'As—
Treasury
2'As
Treasury
2'As
2'As
Treasury
6s
of
1928
*107.7
106.20
107.23
A 6s
of
1927
M-S
103.25 103.25
103.24
104.20
3s
MS
*103.15 103.17
J-D
*100.13 100.15
:—1962
—1963 •1968
June 1964 •1969
—Dec. 1964 •1969
1967' ■1972
1951' 1953
1952' •1955
1954- 1958
Treasury 2'As
Treasury
*106.19 106.21
M-S
•1954
1967
—
Treasury
Treasury
J-D
•1952
-1956 -1958
2'As
2'As
Treasury 2'As
106
—.1949
1950
1952
2'As
Treasury
Treasury
•1953
3-D
J-D
J-D
M-S
A
V
100.3
*100.2
100.1
100.4
100.4
100.2
100.4
100.15 100.16
100.1
33
100.15
4
100.22
100.6
100.12
24
101.4
Owners'
1 'As
iy47
A-O
..1947
Costa
Rica
External ,5s of
1914 series A
External
4%s_
104.9
*101.29 101.31
104.20
104.20
J-J
*101.10 101.12
100.26
100.28
M-S
*101.4
101.6
100.14
101.2
J-D
*100.31 101.1
100.15
Cuba
IOTET ibET
*104.18 104.20
101.4
M-S
'
100.23
M-S
100.15 100.15
M-S
4'As
loan
external
APublic
debt
gold
60
101%
102%
98%
2
72%
99%
107% 107%
8
104%
107%
J-D
.137 % 137%
2
106%
137%
A-O
External gold 4'As
100.9
101.12
Customs Admin 5'As 2d series
100.25
100.25
*59
A-0
1955
_
98%
J-J
F-A
1962
5'As.:
101.9
A-O
#ADominican Rep Cust Ad 5'As___1942
§ A 1st series 5'As of 1926
.1940
38%
61
60
_2
30%
60%
73'%
19
47'A
74
45
73
42 %
66%
•
60
71'A
.
72
65%
-
72
66%
1
14
MS
*85
69 'A
87%
A-0
*85
72
86%
11
72
88%
2
72
83
31
-
series
5'As
1st
102.27
AEstonia
sink
fund
5'As
1940
1961
(Republic)
7s
J-J
1945
M-S
1949
extl 6s
Republic 7s stamped—
unstamped
A-O
1967
(Republic of). 7s
M-S
A-O
1969
series
French
100.10 100.10
A-0
1969
series
5'As 2d
102.28
J-D
29
J-D
1952
*101.7
_
58
19
J-J
1942
§A2d
101.4
39
7
1977
20-year extl 6s
External
40
41
1953
...
ASinking fund 8s series B
-
08
103%
100.29
*101.2
20%
wks
SADenmark
100.9
J-D
56
102% 102%
103.16
101.5
57'A
20
100
100.12
101.5
55%
53
20%
*1003y 102
103.16
*101.3
55'A
53
M-N
*103 'A
105.5
M-N
,
*102%
100.6
101.11
38
F-A
100.5
101.8
38
M-S
100.3
*101.6
30%
F-A
*105.3
1
36
F-A
1949
*100.4
100.25 100.25
36
30%
M-N
37
J-D
^1944
J-D
Ai-S
64
36%
—1949
J-D
J-D
64
37
M-N
5'As_
1945
A Czechoslovakia (Rep of) 8s ser A.1951
100.30
100.2
(Republic of) 5s of 1904
Sinking fund 5'As
100.26
100.9
*100.23 100.25
52
: 52
48%
1953
107.8
*104.7
7
38%
1952
(Rep of7s__
102.13
J-D
60 %
1951
25-year gold 4%s
A
J-D
86%
87
85
85%
*28
42%
18%
99
89%
•,
*95
■
99
T00%
1949
97
100
City
Issue—
Greek
108'A
108
109
103'A
62
110%
Government—
A7s
part
Haiti
paid
pari
A 6s
paid
Helsingfors
1968
f 6s series A
s
<CUyt
AJugoslavla
AMedelltn
Mendoza
Mexican
4s
stamped
A Mexico
6'as
US)
•
Members New
120
2-2300
18
J-D
J-D
NY
"
19%
*15%
95
62%
70
97
11
'
20%
15%
3
23%
82%
"
98
M-N
*10
Q-J
*17%
18%
Lj. '
Q-J
17%
17%
6
1904
1954
J-D
10'%
10%
93
11
1910
1945
J-J
16%
16%
14
*18%
Treasury 6s of
£
1913 assent
1933
f 6%s
1958
MS
s
f 6%s
1959
10%
J-J
s
MS
Geraes
A 6s
85
85
•
1
1943
4s Of
ing
1
AMontevideo
1-1693
J. J
;
1945
.
1899
ASec external
Teletype
New York
•'
24
'
1954
ASec external
York Stock Exchange
Broadway,
95%
*6%
1945
5s of
AAssentlng 4s oi
Telephone
*8
95%
A-O
1954
t
assented
extl
A Assent
5 A
A-0
M-N
•
1899
Mlnas
9
•••
237/a
12
68%
15
1957
7s
readjusted..
AAssentlng 5s of
Wertheim & Co.
15%
19
75
I960
Mtge Bk)
"Colombia)
21
75
I960
5s
1
s
■
19'%
18%
A-0
Irrigation—
A4%s
Foreign Securities
1952
extl 6'As
"State
(Prov)
*
..1964
(Republic)
Irish Free Stale extl
REctor
1946
ASinking fund 7s of 1927
Copenhagen (City) 5s
105.7
1980
York
Mtge Bank 6%s__
ASinking fund 7s of 1926—:
Colombia
101.25
1945- 1947
New
59
106.23
M-N
Corporate Stock
3%
4
44
Finluna
M
Unification
Transit
co
41%
•
Corp—
—
series
58
41%
104.30
1944- 1952
Loan
series A
.58
58
107.7
1944- 1949
3s
58
J-J
A- O
*107.5
MS
—
Home
A-0 *:
1961
Jan
•
*106.8
106.10
1961.
1970
,
f $
s
*101.23 101.25
3-D
1948- 1950
1948- 1950
Treasury 2s-...1949- 1951
Treasury 2s——
1949- 1951
Treasury 2s_:
1949- 1951
Treasury 2s
1950- 1952
Treasury 2s
Sept 1950- 1952
Treasury 2s
—1951- 1953
lreuoUlj 2s—1—
1951- 1955
Treasury 2s__1953- 1955
Treasury l3As
--June 15 1948
Federal Farm Mortgage Corp—
3 As
1944. 1964
3*
•'
100.21
100
100.4
100.2
<
Oct
bonds—
external
3-D
—Mar
—---Dec
-_.-_i.-Jun
—Sep
---Dec
March
:
2s—
104
101
\
.
J-D
.1947
Treasury 2s
Treasury
104
100.10
a
J-3
—
Treasury 2s
107.9
107.6
St
9
12%
12%
•
12%
9
13%
18%
12%
11%
17%
14
19'A
18%
32%
18%
32%
8Q%
V...
03
a lei—
"City)
7s
28%
27%
1952
J-D
*90
M-N
*84
18
28%
27%
1959
A
series
11%
12
'
W
.
'
84
■
85
82 %
—
95
,
New
South
Wales
External
Foreign
Agricultural
Govt.
sink
AGt.d
sink
Aker.shus
tund
6s
fund
6s
—1948
"King of Norway)
AAntioquia
AExtemal
External
s
f
7s series C
AExternal
s
f
7s series D
1945
External
s
f
7s
16%
24
1
15%
24
16%
J-J
*16%
18
iiC
16
15
15 V8
24
15%
23%
16
23%
,17
17%
A-0
*15%
22%
16%
16%
series—1957
A-0
AExternal
sec
s
t Is 3rd
external 5s—„r1958
(City)
Argentine
(National
S
f
conv
S
f
ext)
S
f
extl
loan
A-0
84%
J-J
93'A
conv
loan
4s Apr
—1972
5s of'25.1055
external
External
1957
1956
M-N
—.1949
23%
59 y8
Ext
99%
40
96%
101%
1
93%
44
84%
93%
:
84%
85
146
78%
85%
84%
84%
25
79
93%
38
82
94%
93%
29
83%
(Rep)
extl
f 5s
s
ser
89%
90
7
79
91
100'A 100%
1
96%
100
100
4
96%
101
3
97
..1959
30
13%
12%
23%
13
23%
12
16
(Rep of)
gold 6s._.
A4%s assented
...1940
1958
—
f 7s
AExternal
36%
54%
APrague (City of Greater) 7'As
79
34
50 %
Queensland
34
51%
ARio
———1952
1957
J-D
4 8'A
34%
51%
M-8
*92
92%.
Sinking fund gold 5s————1958
Sinking fund gold 6s——
1950
F-A
*91%
92%
External
30-yr 4s...
—
25-year: .3 'As—.———_—
'
30-year,' 3s
'
2'As
—;
ACarlsbad
A Chile
•
,
,
(City)
(Rep)
5 7s
A
6s
A Ext]
a
ris
iios
AF^l
A6s
pv>r
w
87
97
A6s external sink
1960
fund
s
sin kin? fund
6s
assented
footnotes
1961
J-J
page
21%
21
19
19%
Sep 1961
2068.
1981
TO 7%
107%
9V%
104%
97%
104%
15
101%
103%
22
101 %
105%
—
100%
105%
18%
24
4
?o%
26
13
18%
20%
.3
19%
10
19
19%
23%
19%
18%
%
2*
25%
25%
municipal
J-J
12%
12%
10
12%
17
J-D
V 30%
31%
11
17%
31%
J-J
28 %
29%
5
17%
30
1952
30%
M-N
F-A
*42%
101%
55
K4
30
101
101'A
2
■90%
31
A-0
31%
22
18%
33
30
101%
F-A
27%
58
16%
A-0
32
31%
32%
21
20
—1968
J-d
26%
26%
26%
20
17
31%
28
28%
13
18
31%
/ 26
loan
sink
—.1967
M-V
J-D
28%
28%
1964
M-S
80
M-N
20%
30%
27
27
1
82%
1952
Paulo
.
8
f
...1957
M-N
27
33%
:
17%
70
28%
fund 4s
A6'As extl secured
lASan
I960
(City of Brazil) ,8s
Paulo
73%
82%
7
18%
34
33
V
8s—
6
1 7
1936
J-J
36%
34
36%
29
32
1950
(State)
A8s
external...
A7s
extl
water
loan
J-J
34;
33%
34
12
32
M-S
32
31 %
32
5
29%
AGs extl
dollar
loan.—
5 A Secured
f
s
4
28
46 %
62
72%
A8s
secured
A 7s
series
—1968
7s
1940
Serbs Croats & Slovenes
ASilesla
1
%
52%
external
B
25%
19%
26%
19'/a
19%
M-S
20%
20%
3
20' (j
25%
y-s
19
19%
24
18%
25%
14
29
70 'A
72%
14%
10
extl.
1962
M-N
14%
14%
',(11
extl 7s._
1958
J-D
*10%
14%
)j
J-D
11%
11%
.11
1955
F-A
1946
1962
f 5'As
M-N
14
;
1
20 >
M
19%
11 %'
:14%
.)•
13%
-!
95
*94%
85
F-A
*88
84
AExternal
sink
fund
6s
.1960
M-N
*86
78
88
AExternal
sink
fund 6s
1964
.M-N
*87
85Va
88
72 %
AUrugua.v
s
(Republic)
3%s-4-4%s
($
extl 8s
bonds of
readjustment.
conversion...
3%-4%-4^,
extl
4-4%-4%a extl
conv
(City»
—1979
_
;
readjustment.
3%? ext) readjustment
AWarsaw
external
*4%s nsspnred.„
87
1937)—
Externa)
op
18%
2P %
A-0
—..1958
sec
(JProv.of)
(City)
J-J
43%
Kingdom)—
A4'As assented
Sydney
...1956
...
External
■>ns/4
33
W-
19'A
^
■
19
u
111%
101%
20%
19'A
J-J
1961
79%
80%
60%
12
104
20%
F-A
1981
—Sep
see
*18%
19%
F-A
1981
Jan
assented
Feb
Feb
Jan
6s
f 6s
103%
A-0
A- O
ASao
71%
18
103'A 103%
M-lt
1960
assented
109% 109%
*102% 103%
J-J
M-N
20%
....1946
fund gold
of 1926—
Fe external
Santa
78
>..70
3
102'A 102%
M-N
1942
78%
..9T 0.48%
57%
7
.1942
sinking fund 6s
18
77
11
J-J
1954
.76
.
104% 105
J-J
assented
sinking
109%
J-J
,
15
'
*50
102% 103
1948
f Is
1
75%
'76%
95
68%
69%
.6...
104%
1958
16
.1940
1921
external loan
A7s
92%
2.9
74.
102%
1953
s
99
J-J
15
*3%
:„_1953
A8s ext) loan of
J-J
15
8s
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external
77
15
assented
AExternal
76
M-N
..Jan
.... —..
17%
J-J
(State of)—
95'A
94
7.
73%. ,74%
74
J-J
A-0
12%
..1947
8s
6'As—
sec
Rio Grande do Sul
87
83
,
95%
*95
74%
A-0
—.Jan
——
3s
95
MS
—Jan
—
3s
1960
1961
——1967
1968
30-year 3s—
.
J-D
F-A
of)
fDom
Canada
4%-45As___
f $ bonds..
s
extl 6s_.
(City of)
—'
'
■
A7s
f 4%-4%s_._..
s
externa]
3"tr
Extl
(State)
Janeiro
2.1
•
13%
13%
'
(Province of)—
External read)
A
de
2
13
1966
7%s
59
MS
12
*21%
1961
AJegre (City of) 8s
AExternal loan
A-0
1963
fund gold 8s
A4'As assented
54%
lQpl
12
A-O
A-0
1950
sink
48
31
24%
•*4%
A-0
1947
48%
49%
MS
1968
8
A4'As assented
46%
•48
28
21
46'A
—.,1976
-.1978
.1975
—,3984
92
104
122
52'/8
.—-1977
14%
104
17%
47
156
j27
„Pfl7%
16%
47%
f 4'A-4'As_
14
SI 05
;o
16%
53%
s
27%
73
15%
A-0
stamped—*
s f 4'A-43/8S—
89%
24
15%
A-0
Refunding
73
70
89%
15%
J-D
External
72%
88%
15%
1957
AGs
87%
84
A-0
1957
Aires
94
72
J-D
1941
Buenos
96%
71
f 6s 2d ser.... 1961
s
AStablllzatlon loan
A Porto
101
f 5s—_
77%
80%
L-
■•
f 6s 1st ser—..I960
s
extl
1927
Ry).
2
90
•
'
•
100
101
7s
external
loan extl
1926
s
98%
90
*8i%
;
MS
f 6'As of
(City)
97
r.
94
*83
M-S
f 6'As of
(Central
96
94
M-N
1947
s
A7s
96
J-D
1967
s
Brisbane
95%
101%
3
M-N
1963
7s
(State of)
<Rep of)
lAPoland
100'A
89 'A
J-D
external 8s
82%
85 "2
5
a
98
*87
...
A-O
1994
AExternal
(U S of)
1
100 %
98
F-A
A.1963
94!
5
*100%
:
A-0
J-D
.1955
AExternal
lABrazil
...
M-8
1970
3'As series B
A Nat Loan
94%
J-J
1
94%
A-0
F-A
1963
f 5s
s
sink fund 4'As„,
ref
sec
A Nat
85%
93%
92%
—1955
7s
1965
APernambuco
99%
-.1955
f 6s
s
External s f
4'As
loan...
Bank extl
A
Stamped assented 5s
Stamp mod 3'As ext to
92%
M-S
1928.
6'As
99%
MS
1927_
of
External g 4'As of
Belgium
85
1972
fund
(City)
APeru
F-A
Feb
5s
2
M-.V
4s
External
57%
42
22%
57%
M-N
loan
sink
fund extl
Apanama
16
*15%
J-D
1971
eonv
,.1956
95
*
—1948
4 %s
tCommonw'lth)
Australia
1
Government} —
f external 4 'As
S
't!i
sink
1944
4'As
95
24
J-J
AAntwerp
___195P
6s__
fund
Municipal
Oslo
5s
sink
F-A
'
AExternal sec s f 7s 2d series—1957
*'
15%
4s
A-0
series
1st
External
54%
"5
17
1957
A
External
46
17
J-J
1945
A
55
•62
J -J
—1945
7s series B
f
s
M-S
f,
«
1957
external
44
54
A-0
1968
1945
4s
coll 7s A
tDept)
Norway
F-A
T_1947
f 5s
s
External
(Colombia)—
Bank
Mtge
AGtd
Municipal
&
(State)—
60 %
M-N
*57
1978
F-A
70
66%
64
61%
69
16%
60
68
70
66
72%
*57
J-D
..1984
7s
M-N
1979
1978
J-J
F-A
*10'a
F-A
5?%
*61%
1958
1958
31
68
20
11
13
11
10%
13%
Volume
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4231
158
NEW
New
Stork
York
Ended
Week
Last
Interest
Exchange
Nov.
Low
Railroad and
Industrial
Bonds
BOND RECORD
New
Range Since
Sold
January 1
Sale Price Bid & Asked
Period
19
YORK
B M N
Week's Range
or Friday's
Friday
BONDS
Vo.
High
Low
A
series
AStamped
1953
64 %
j-d
j-d
II
*63
Af-3
*10234
10-year dob 414s stamped
1946
F-A
Gt
1st
Southern
5s—1943
A
cons
76%
102
104%
Celanese
103
Celotex Corp 3%s
106
A Cent
102
102
101%
105'/a
103
^
1'
...
*104% 107
<■
-v."
.■
110
'
■
101%
1943
j-d
M-N
105'% 105'%
3'%s
1967
1972
1948
j-J
108'% 108%
1948
A-O
Albany & Susquehanna RR 3%s—1946
3'%s registered
-—1946
A-O
Alabama
series B
4s
cons
-
3'%s ser A
Power
1st
mtge
Albany Perfor Wrap Pap 6s_
6s with warrants assented..
;
A-0
90
90
X-~
90
1
90
100:
A-O
10
62
62
8
94%
98%
Week's Range
Last
or
Sale Price
F-A
1962
j.j
Branch
U
1955
gen
5%s series B
1959
5s series C
1959
106'%
107'%
101
•
^
110'%
107 %
1
102%
105%
11
100 3 4
102 Vs
48
60%
47
47
2
30%
57'%
88
89
11
68%
91
37%
39%
69
23%
50
13 V8
13%
8
13
6%
12%
14
84
6'%
57
55
57
5
*25
£; 28
*—
112
39%
J-D
A
3
29
—
A-O
AChatt Div pur money gold 4s__1951
Mobile Div 1st gold 5s
1946 ':■■■;
90%
62
49%
A-0
gen
High
-
100% 101'%
—
M-N
ARef &
A Rcf &
,
5
107% 108
F-A
1945
Low
99
49%
January 1
No.
104% 105 V4
—
105'%
J-D
1945
—Nov
*
—
Range Since
Sold
109% 109%
j-j
1948
1st
P
Bonds
High
,
99
;
m-N
1981
debs.
mtge 5s
SAConsol gold 5s
100%
J-J
99
93%
Friday's
Bid & Asked
M-S
1950
Corp 3Vis debs__
A 1st
90%
1
100%
98%
■
'5
,i
•
j.j
1965
gold 4&
tCentral of Georgia Ry—
■
j-d
;
1st
1949
4s
Gen Corp 5s w w
Cart & Adir 1st gtd gold 4s
103'%
'• *'
'
Ohio
Carriers &
71%
48 %
&
102
|
*104'%
j-d
:1st mtge
Period
'
■
1948
1947
>
Interest
19
tiACarollna Central 1st gtd 4s
1953
:
Friday
Exchange
Nov.
Low
Carolina Clinch
unstamped
i) &
Stock
Ended
High
Companies
Adams Express coll tr gold 4s
Coll trust 4s of 1907Ala
York
Week
tAbitibi Power & Paper—
§A5s
2065
■
19%
19%
35
57%
20
37%
■■
Central
Illinois
tACent
New
Alleghany Corp—
5s
modified—.
1949
5s
modified
1950
100%
j-d
4-0
A5s
income-]--
1950
;—
92%
A-0
Alleghany & West 1st gtd 4s
Allied Stores Corp 4'/aS debs
1998
F-A
1952
M-S
._„-_2030
M-S
Am
&
Foreign Po\*
I G
Amer
Chem
Internat
Am
Mfg conv
American
4s__
deb 5s
93 %
;
67
V:
r.
67
100%
60%
44
6
102
110
200
78%
17
'103%
88%
•
86
88%
M-N
104%
104% 105
j-j
106
106
s
-
107
104
5
1987
Y
1987
_
Power
3%s__
1962
107%
Certain-teed
debentures
1961
A-0
108%
108
108%
37
107'%
j-d
108'%
108'% 108%
75
107'/a
Prod
F-A
1942
16%
38%
24%
95%
92%
93
68
63
68
71'%
71'%
100 Va 100%
10
99 Va
1992
M-S
34
106'%
I
100 %
36
20
2
99%
M-S
16 Va
'
*
236
111
83
99»%
4
71%
95
211
55%
71%
.
65
72'%
110%
3s
debentures
conv
Tobacco
Amer
Co
1956
deb
M-S
114%
112% 114%
250
107
A-O
103%
103'% 103%
87
100%
105
M-N
109
108% 109
8
98 v2
5
51 Va
Anglo-Chilean Nitrate deb
Arbor
Ann
1st
—1967
gold 4s__
1—-1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (Del) 4s B
;
1955
sink
1st
7s
fund
'••••
'V
•"
Atchison
4s
f
'
i-: ':V;"
gold 4s of
Knox
Atl
& Charl
1st
104% 105'%
112'% 113%
&
AO
Nov
M-N "v:
j-d
1955
J-J
Gulf &
Atlantic
W
I
.1958
1946
:R
106
&
Div
A
1st
..1946
1989
J-J
1989
J-J
4s
1A Chicago & Alton RR ref 3s_
107 Va
J-J
cons
4s„—July 1952
4'/2S
A
1964
Oct
1952
J
96%
95'%
111%
'r'
105
-1949
1949
104
102
111%
-Ia.-
M-S
91
89%
92
J-D
70%
68%
72'%
67%
M-N
87
85 Va
87%
240
74 '/3
34'%
35'/a
24
32%
32
32
M-S
32'/a
105
105%
/104
J-J
105'%
105'% 1
2
29 Va
26
100 %
104
121
1
115'%
120
241
15%
120
18%
20'%
101
103%
102% 103%
102
99%
41
81%
81'%
F-A
88%
87%
44
146
5s
A_—
series
Eastern
inc
97%
143
81
82%
91
65
84%
89
59
73%
92 Va
111 RR—
1997
1982
mtge 4%s„
2038
& Louisville
ref
6s
J-J
44
42
Af-N
*124
J-J
76~
J-J
41%
.
66
76%
41%
41%
17
38'%
48'%
j-j
*48
52"a
*—
.1947
J-J
*43
gen
5s
gen
6s series B—_May 1966
series A
1966
1956
Af-N
31'%
58
49%
31'%
53»/;
46%
29 Va
49%
9%
8%
9%
77
6%
10%
J-J
9%
10%
18
6%
6
66%
93
289
43%
70%
19
40'%
66 %
125
44'%
74
45
74
45'%
73%
J-J
86
86
J-J
64
62%
J-J
61
60
AGen
4%s
May 1 1989
J-J
66'%
65
May 1 1989
J-J
66'%
66'%
67
AGen 4%s series F_
May 1 1989
tChic Milw St Paul & Pac RR—
J-J
65'%
66%
AGen
mtge gold 4s
July 1948
Stamped modified bonds—
1st
mtge gold (int at 4% to
Oct 1 1946) due
—July 1948
& gen
to
1946!
67%
70'%
158
59'%
75%
AConv
^
A-0
74
70'%
74%
j-d
40
36'%
40
267
32%
52%
-1995
j-d
40%
40%
44%
141
35%
57
60 '/a
154
-
F (int at 1% to
Sep 1 1946) due
1996
.40
203
>
32%
•
Feb 1 1960
.
Af-S
36'%
39%
<
39%
212
•-
F-A
29
27 Va
29
M-N
65'%
62'%
65%
32%
••-•173
467
V
24'%
37%
51%
70
1950
J-J
54%
52'%
54%
217
40'%
Toledo Cin Div rcf 4s A
1959
J-J
55
53'%
55
120
46
61'%
1951
J-J
73 %
74
25
73
74
28
'
-1951
74
J-J
J-D
..1951
A-O
1948
74
.
"■
1950
\''
-
100%
105
F-A
101'%,
1965
*^A
104'%
1944
M-N
.1961
A-0
F-A
1966
M-N
1950
1st
ref
lien &
Debenture
6s
1947
A—
series
..1950
gold 5s
M-N
1981
..1967
J-D
3%
to
1946)
105%
103
78
..
■
-
&
ref
&
.
I
&
gold
ref
44
39%
V-: 23%
■V 46
108%
111
96%
3
104'%
5
83'%
'
1952
18
A-O
gtd 5s A
A-O
>
70
18%
1962
—
■
J-J
a—<—1970
Oct
gold
4%s—
gold
4V2s
gold
4'/2s
109 Va
115%
...
1969
J-D
42%
40%
42%
M-N
10%
9%
10%
1927
F-A
67%
67'%
68%
.11
1988
J-J
54
52'%
54
507
C
May 1 2037
86
Va
4
;
77
of
94 %"
94
*
79
5
109%
118%
107
109
107'%
20
J-J
116 %
116'/a 116%
11
113%
118%
J-D
116%
116% 116%
2
113%
118%
'
7
113%
119%
11
111%
118
12
Canadian Northern Ry deb
6'%s___1946
Can Pac Ry 4% deb stk
110%
114
J-D
112
112
113%
F-A
84
2068.
M-S
84
102% 102'%
J-J
J-J
112%
103 V*
'<
99%
103
99%
49'%
94
23
49'%
544
4
78
15
46%
8'%
J-D
58%
35
57 %
19
36'%
20'%
1,090
40 %
4V»
89%
J-D
70%
33%
57
13%
70
92'%
67
*71
1951
1st 5s
J-D
1960
J-D
guaranteed 5s——Dec 1 1960
Union
66
*64%
74 %
75
M-S
mtge 3%s series E__
1963
J-J
mtge 3%s series F
——1963
Indiana com 4s
1952
:i -A
57%
109
J-J
6?
55%
108% 109%
104
75
49
7
59
71
62%
10
57%
57%
1
74'%
:.,.,*50
Station—
53%
74'%
% 104%
110%
100
4
55 %
107%
41
& West
M-S
——1943
deb 5s—
5s
105'%
A-O
mtge 3%s
Union
1st
4
r:;
104%
61
94%
105'%
105
105%
62
97
105%
50'
50'%
51!%
6
41
A-O
48%
48%
3
38
Af-N
49
49
2
28%
55'%
1966
Elec 3'%s_,
F-A
110
110
5
108'%
111'%
J-D
<«
110%
112
Ar-N
109"
F-A
112%
1967
1st gtd 3%s D—1971
.
Term
104
:;i05
1952
——-———1957
Gas &
J-J
1962
..
mtge gtd 3%s series E
Chic & St Louis Ry—
1969
110%
% 110'%
_
a—•
•
General
gold 4s_
1993
J-D
—..1993
._.
General 5s series B
J-J
1st 4s
1991
Wab & M Div
-■»
St
1st coll
L Div
87
J-D
1977
Cleveland
—\ •'
'
C
Pittsburgh
3%s gtd
D
3%s
87 Va
J-J
53%
M-N
78%
78%
J-J
M-N
108
110%
109%
113
89%
85%
54'%
1990
68
71
''1*'
56
1948
4s
12
•
__
54'%
1970
tr gold
&
86 Va
*90%
56
97
108%
•
Cleve Cin
141
90%
46 3%
61
7
46
58'%
2
65
14
107% 108
83%
106%
109'%
RR—
gtd
105
,.1950
F-A
108
1977
—
F-A
106'%
108
108
&
ref 4%s
j
gtd
B
—1981
56
71%
106
'•
V-.
Colorado &
4%s
108
G
88%
93
93
1
93%
93'%
94
52
75%
94
series B gtd_____
1973
A-O
83%
83%
84%
38
64%
86%
A-0
!_1945
A-O
•'•
75%
75"%
76%
40
86%
86
86%
18
Southern
48
46%
48
53
&
E
Columbus & H V
deb 5s
5
102'%
42
'95 %
105 %
1st
15
.91
101%
Conv
105
1980
—May 1952
—1961
1st extl gold 4s__ 1948
3%s
1970
1st
99%
"59%
I: 80
US '■'
99
73'%
104
193%
Ry.—7
modified)
Ohio El
A Commercial
71
103%
J-D
Iron 5s inc mtge——1970
Columbus & Tol
103 %
105'%
93
A-O
Debenture 5s———
Income
105
A-O
1972
Columbus & Sou
,
•'
.
—1961
(stamped
Columbia
'
4%s
4'/2s series C—1977
Colo Fuel &
J-J
"V'
gtd 5 %s—
Term
Union
s
series
1st
'
•
r
96
111%
107
83 %
48'%
22%
219
Series
107
112
23'%
9%
1951
General 4%s series A.
112% 112%
perpetual
]
equipment trust ctfs
1944
Coll trust gold 5s
—1954
Collateral trust 4'/2s__
—I960
75
169
■
9 %
—
3%s
Series
88
116% 116%
5s
64'%
60
39%
1
108'%
94%
117% 117'%
33%
39
stpd
5s
deposit—
gold 4%s
60%
60'%
63
35%
■
_
Af-N
Cin
75
.
118% 118%
page
1st
32
33%
75
:
.I960
1951
1st
92
58
15
A-0
_
]_1949
23%
22'%
F-A
1955
...
42'%
Cleveland Elec Ilium 3s
11%
11
-81
72%
86
50%
J-J
see
43
40%
JAChoctaw Ok & Gulf cons 5s
110%
.1951
footnotes
41%
42%
1st & ref 4%s series D___
96%
105%
_1956
For
43
Coal River Ry 1st gtd 4s——
J-J
gold 5s
Guaranteed gold 5s
Guaranteed
J-D
J-D
60
70%
60
34
376
1st
105'/a
99
35'%
■;'
.-
109% 109%
A-0
1957
Guaranteed
Guaranteed
—_May 1 2037
5s
57
35%
Cin
25
.,'
70
•
A-0
July 1969
4'/2s
5s
Guaranteed
67%
*55%
33%
1st
gold
70%
35'%
tAChilds Co
;
109
122
19
*90
J-J
California-Oregon Power 4s——1960
cons
_•_;
Af-N
33
1st s t 5s
gold
M-N
30 %
Gen
Guaranteed
1987
-1936
33
Cleve
Canadian^ National
60
5
86
A-O
Cleve Short Line
Canada Southern
M-N
I
1
58
M-S
Chic
110
'I
44
.
56
;
.1952
Cincinnati
103%
30
104% 105'%
;•
•
-
__
1987
4%s
ADebenture
11
1
•*__
__
61
58
1.4
:;
39
41'%
60
33'%
§ ASecured 4%s series A_
1st
;
109
32%
30%
4
56
Railways
part paid
Income
86%
104 Va 104'%
I.
—.
24
I.V"I":
__
56
Memphis Div 1st gold 4s
94
91
111% 111'%
105'%
V
..I960
57
56
56
Chic T H & Southeastern
101%
114
■;
108% 108%
95%
%
A-0
1955
_—-
5s
53%
54'%
stpd——.May 1 2037
ref 4%s
Chicago
80
108'% 108'%
-
•
73%
21
51
104 Va
M-N
deposit-
Bush Terminal 1st 4s
Consolidated
1934
57
M-N
Ref & impt 4%s series E
1957
due—
of
102'%
*100%
v
16'%
AConv
105%
103
•
82%
38%
108%
4%
105%
100%
92%
38
1,01/
58
Chicago St L & New Orleans 5s
it
(interest
JBurllngton Cedar Rap & Nor—
§ A 1st & coll 5s
ACertificates
103%
103%
~1
92%
—
44 Va
12'%
55%
ACertificates of deposit
50%
F-A
Buffalo Rochester & Pgh Ry—
modified
1st
A 1st
Gold
102%
49 Va
J-D
Af-N
81
18'%
SARefunding gold 4s___1934
<
101
55
38
-.j
M-N
1957
Stamped
Va
F-A
i_1945
100%
98 Va
103
*89'%
82
M-N
1,558
13 'a
M-N
;
ACertificates
132'%
99'%
2
O
92%
J-J
1970
O
128%
'•«. U
*100% 101
1960
1955
.
40'%
M-N
tAChic R I & Pac Ry gen 4s
104'%
12
.
101V4 101%
*_I
M-S
1955
-
9-1
1987
6%S——
A 1st
25%
99'%
100 ii
■
11
105% 105%
•
J-D
1967
y
•
-,W
.16
1987
stpd Fed inc tax.
§ASecured
v
26
"
.
104'% 105
•
J-J
1960
;
V 26
■
100% 101
1959
49
27
*99% 100 %
.
100%
75%
45'%
82%
■P
129% 130'%
J-D
A-0
60
/;
99'%
100
67'%
38'%
M-N
M-N
1987
n p Fed inc tax
stpd Fed inc tax
AConv 4%s series A
59% •75%
— —
*97
•'
*
A-0
1952
__
-ill'..'"-
100 JJ
A-0
._1956
*48
•••
J-J
1960
debentures.
M-N
1987
t§AChicago
,_1989
23As
5s
A
»
Bangor & Aroostook RR—
4s
1987
1987
A4%s stamped.
62
1947)
4%s
AGen
52%
due
1
13
registered.!
AStpd 4s
%
gold 4s extended to——1951
1st M (int at 3'%%
Jan
40 Va
A-0
4s
AGen
S'west Div
to
4s
52%
Pgh L E & W Va System—
Ref
F-A
registered—
AGeneral
:
36'%
39 %
,
,
"
ser
due
AConv
1975
"
M-S
64%
61
'
.
5s„—Jan 1 2000
adjustment
3%s
(Int at 1% to
due
2000
Sep 1 1946)
Ref & gen
E___.
^Chicago & North Western Ry—•!
AGeneral gold 3%S
Ref & gen ser D
v
May 1 1989
C
series
15%
77%
l'/s%
due
A
AMtge gold 5s series A
at \% to
(int at
ser C
Dec 1
70'%
1995
Ref & gen ser A (Int
Dec 1 1946) due
Rcf
A-O
4%s
15 >/4
Paul—
4s
gold 3%s series B—May 1 1989
series
124%
38
J-J
&
47 Va
118
76%
1947
&
series
32
Jj, ' :
...
99 %
75
1947
A
Chicago Ind & Sou 50-year 4s
B
1st
102%
F-A
ref
A 1st
107
RR—
105
97'%
1971
&
97
AGen
Ohio
102
100%
96%
103'%
97%
AGen
&
92%
93%
M-S
A 1st
40
'
5
1958
tChicago Milwaukee & St
Baltimore
31'%
48
99%-
1949
ARefunding gold 5s series B
ARefunding 4s series C
105'%
25
-
118%
101
J-J
4s
JAChic Ind
45%
j-J
"l
1977
AGen
88
34 %
108%
121
:.,v
120
___
AGen mtge inc
(conv)__
Chicago & Erie 1st gold 5s
73%
J-J
121
-
19%
J-J
1949
—
Chicago Gt West 1st 4s series A—1988
93%
63
108%
102
1st
110
225
121'
A-0
—1949
____
4s
registered
Chicago &
104 '/a
212
.•
137%
102%
12
1st & ref 4 Vis series B
103%
102'%
18
Division
General
114%
107'%
102
7
102'% 102%
'f
'
4s
108
102
registered.
Illinois
111%
^•
*108
.
120'%
12
•
3 Vis
107%
-105 '/a
9
130%
6
106'%
Chicago Burlington & Quincy RR—
107
i
■
—
*112 '/2 112%
,
—u.,;
'
1953
Refining deb 3s
•lll'A
1
110'% 110%
'
1959
tr 5s
66
102
J-J
gold 4s
cons
2d consol gold
114%
105
*107
J-J
—1944
110%
J-D
1944
SS coll
*110'%
J-D
A
gold 4s
105% 106'%
106 %
'
106%
103%
108%
105'% 105%
-C.
\c
J-D
-I960
_
B
119% 119%
105
1995
Atlantic & Danville Ry 1st 4s
--1948
Second mortgage 4s
—,—1948
Atl
119%
1955
5s
1st
103%
8
48
105%
F-a
1st 4s_.
92%
2
M-N
1996
£>
4s
unified
coll
N
102%
135
1996
impt M 3%s series E__
Illinois division 3%s
-
series
78%
135
impt mtge 3%s D
Potts Creek Br
'v:.
—1995
—
47
•V.
&
Ref &
74
102
104% 104%
1st
30-year 5s
General
L
■;>
..——
Ref
109'/a
61
-..'TV:
112%
v.--• :•.
L 1st 4Vis
Atlantic Coast
*102%
F-A
1st gold
& Nor
A
M-S
3
74%-.
104'%
1910
Short L
Trans-Con
Atl
74%
v
—1995
1905
67
104%
Stamped 4s
Conv gold 4s of 1909
4s of
67
'
-
J-J
—
Conv
Q-J
■
A-0
Adjustment gold 4s
Conv
J
(Deli_1957
Topeka & Santa Fe—
General 4s
Jan
!•—1978
C
series
debentures
income
Chesapeake & Ohio Ry—
General gold 4 Vis
117'%
1962
series A—1975
3s
Wat Wks & Elec 6s
Am
'
25
29
107'% 107%
M-N
—1948
_
5%s A
110%
1966
101
&
Banking—
§ A5s stamped
Telephone & Telegraph Co.—
debentures
]
5s
40%
28
24%
^07 %
F-A
gold
85%
18 Va
*22%
A-0
A-0
RR
71
25%
J-J
I960
Central
112'/a
18
178
27
-
Guaranteed
106
110%
81
/29
29 %
28
1st ref gtd gold 4s_1949
Through Short L 1st gtd 4s
1954
91%
3'As
■
4s__
Central Pacific
'
'
N
80%
J-J
1987
registered
Central
3'As
A
4s
106
103%
A-O
J-J
gold 5s—_1987
gen
registered
AGeneral
69%
*i 62
1
5s
94
53%
Light 3Vis
1966
Eng 1st gtd 4s——1961
JACentral of N J
95%
62
106% 107
1949
5 Vis
'■■■.
104% 104%
106%
70
11
87%
87
1949
5'%s
conv
Corp conv
92
87%
A-0
1951
Allis-Chalmers
,: us
99% 100%
extl 4s;
-1955
Mackay Corp—
w_
—Apr 1 1969
deb w
Af-N
Af-N
103%
103 V8 103%
57
J-J
103 %
102% 103%
162
*109%
A-0
M-S
F-A
108 %
12
104'%
103'%
110%
108'%
111
112%
*113 '/a
May
109% 110
J-D
109% 110%
J-J
114
53%
92'%
88
109%
—
108% 109
46%
10
54
112%
114
Commonwealth Edison. Co—
mtge 3%s series I
debs 3%s
——1968
1958
114
13
109%
111%
12
108%
115'%
THE COMMERCIAL & FINANCIAL, CHRONICLE
2066
Monday, November 22, 1943'
NEW YORK BOND RECORD
BONDS
BONDS
'
:
-
'
Low
& L 1st & ref 4%s—-
Consolidated
F-A
January 1
113%
Week
100Va
102
15
100%
104 %
104% 104%
Consolidated Edison ol New York—
3 !'4 s
or
Friday's
3%s
debentures
M-N
65
F-A
47
65
46%
Vi.
J-D
75
107 V4
Litchfield Div 1st gold 3s_
,—1951,
Term gold 3% s-1953
75
104 y4
Louisville Div
J-J
72
72
72
105%
108 Vb
Omaha Div
F-A
55 Va
56%
J-J
108% 108%
5
106Va 109Va
■54%
42Vb
.31 Vs
43 Va
*_>•
J-J
4s————-—1956
5s———I960
:
J-J
103%
15
104 Va 105
J-D
J_—1955
33
J-J
*—
.
%
105%
513%
J-J
Consolidation Coal s f
Vi:
108 %
<
,
Gold 3V2S-—
94%
gold 3s—1951
J-J
i
63%
67%
78%
7
58
77
22
42
61
47 %
60 V'a
48 Va
65
■
*55
61
51%
110
111%
———1951
J-J
*61
63%
J-J
*87 V8
95
74%
75
0
02%
80
51%
53
140
47%
60
56%
103
108
7
99%
92
109
99%
99%
543/4
Springfield Div 1st gold. 3 Vbs—-1951
Western Lines 1st gold 4s_—_
1951
111 Cent and Cliic St L & N O—
■
513/4
32
J-J
1st gold 3s———1951
St. Louis Div & Term
'
■
High
56%
42%
168
97
4
—
Low
85
47%
*94 Vb-
20
JAConsol Ry non-con v deb 4Sl.—.1954
4s
No.
22
106 Vb 107
104%
a-o
Range Since
January 3
Sold
65
a-o
-,1958
deb 3%s—,1951
Consolidated Oil conv
Bonds
High
—1948
.—1948
debentures—
/^Debenture
Week's Range
last
Sale Price Bid & Asked
———„—.1956
debentures
Debenture
Period
a-o
debentures
3%s
3:,2S
A
Interest
19
Refunding 5s———,
.—1953
40-year 4%s
1966
Cairo Bridge: gold,4s———1950
14
102
102
Nov.
Illinois Central RR-—( Continued)
111
101% 101 Vb
102
Ended
Low
114
108%
2
Friday
New^York Stock Exchangs
High
Low
No.
Hiah
*109Va 110
J-J
3 lis s, f. debs-1953
Cigar
Range Since
Sold
113% 113%
J-J
1951
-1961
Conn River Power s f 3%s A_;
Bonds
Friday's
or
Sale Price Bid & Asked
Period
I
.
Conn Ry
Last
Interest
New York Stock Exchange
Week Ended Nov, J 9
F-A
Joint 1st ref 5s series A———1963
53
1963
J-D
49%
i950
1st & ref 4Vbs series C—
J-D
J-J
'
—
48 y4
49%
50
43 Vb
99 Vb
99%
17
82
Consumers Power Co—
1st mtge
1st mtge
1st
mtge
1st
mtge
1st
mtge
Af-N
3^s_——:——1965
3%s„-1967
3%s_—————1970
3%s',,,
————1966 •
3%s———1969
108
108 y4
"■109 y2
M-N
M-N
M-N
107%
107
107%
M-N
*109
A-O
*102%
Crucible
j -d
106%
y2 109%
Crane Co 2Vis s f
109'/:»
108 Va
111%
101'
96 y2
96%
42%
42%
42%
38%
J-D
>ACuba Northern Ry 1st 5Vbs,~—1942
a Deposit
receipts
—-—
A Cuba RR 1st 5s gold—,
—1952
38 y8
39
102 Vi
Af-S
A-O
.
J-j
51%
50
*38
*47%
3
42
A-O
100
J-J
108 %
106
102
104%
10
2
102% 103
■
■A
106%
101% 102%
102% 104
', 6
98 Va
43%
42%
44%
91
AAdjustment 6s series A—-July 1952
A-O
15%
14-Vb
15%
40
205
6%
24%
A 1st
J-J
40 Vb
39%
40%
36
23%
48 %
38
lAIriter-Great Nor: 1st 6s series A-1952
52%
30
48 Va
40
27%
4oya
50
42
48
39%
26%
4
96%
100
5s
series
B;
1956
—
A 1st gold 5s series C_
.——1956
Internat Hydro El deb 6s——.1944
43 Vi
36
*37%
receipts—
—
3s deb—.—-1955
Curtis Publishing Co
106
102
b-
47%
108%
■'
45
J-J
:
'
'
1st
lien
ref
&
6Vas
Af-N
1947
—
Alowa Cent Ry 1st &
Ab
95%
105%
13
104%
107%
23%
95%
48%
70
3
92
101%
101%
4
95%
102%
77 V a
71
63%
80%
82 y4
202
66%
85 Vb
2 V'a
3VA
16
1%
56 y4
58 Vb
26
95 Vb
95%
16
.
.
102%
6
79%
8i y4
Af-S
38%
22
75%
101
■
77
F-A
.
1951
ref 4s__
:
155
104%
106 Vb 107
-A.'-
F-A
J-J
■:
54
104
.
52 Vb
24%
.
40 y4
51
104 y4
Af-S
Int Telep & Teleg deb gold 4%s—1952
1955
Debentures 5s—
♦
53
J-J.
Int Rys Cent Amer 1st 5s B——1972
39%
101
39%
A-O
Internat Paper 5s series A & B—.1947
Ref sink fund 6s series. Ab__
1955
,
j-d
.'-.A,
-
A-O
A-O
99%
24%
*108% no
93
11
52%
42
*47ya
44 Va
'
"V
27
12
J-D
bi.'
32%
29
ADeposit
A7%s series A
ADeposit
17
Kt
J-J
„
debs————1950
Steel 3lis s I debs—_—1955
receipts——^——-—
extended to—1946
ADeposit receipts———•
A6s series B extended to——-1946
JAInd & Louisville 1st gtd 4s—1956
Indianapolis Union: Ry 3%s ser B_1986
inland steel 1st mtge 3s series F—1961
Inspiration Cons Copper £s
—1952
Interlake Iron copv deb 4s——1947 '
110% 112%
36
110% 111 y4.
110%
TM 111 & Iowa 1st gold 4s—
6
D
197o
J-J
106%
.1365
Delaware & Hudson 4s
extended,J
J-D
Af-N
44%
J-J
1955
:
■
76
1935
80%
8
5%
25
4%
153
33/4
40
78
18%
16
rl8
16
99
99
5
89
14
110
109 Va
112%
37%
'
A-O
110
110
.M-S
1103/a
109% 110
J-D
Jones
112%
13
40
9
105
105
J-D
3%
6%
12
104%
*25 Va
99
99%
M-S
a-o
ȤAK C Ft S & M Ry ref gold 4S-1936
a-o
20%
ACertificates
*108%
.
*98'/a
68%
J-J
J-J
23%
10
22 %
107%
69%
34
73 V«
75
69%
78 Vb
9
105%
110%
111 Va
113
73 Vb
4s_„-^.„- -1987
j-j
A-O
Ed El 111
110%
*148
J-D
.A—-1950
Elgin Joliet & East Ry 3y»s——1970
El Paso & S W 1st 5s——.——1965
*114y3 120
stamped-———-——-—1965
Empire Gas & Fuel 3Vbs__——--1962
A-O
106
A-O
5s
78%
4Vbs
1961
unguaranteed,^,,,,,
1997
Kings County El. L & P 6s_
Kings Co Lighting, 1st 5s,_.
<■
1st. & ref 6%s,a
60
46
*89%
93%
85
*94%
j-j
.Plain
*50
j-j
;
—
*86,
A-o
*160
j-j
*105
,1954
j-j
*10.9
Af-S
*107% 108
.1959
Af-S
;
J-J
99%
100%
102 Vi
106 y2
64
49
99%
80 Vb
98
,
Laclede Gas Mght" extd 5sa———1945
Coll & ref 5V2s series C—
1953
82 Vi
65
6
78%
99%
100 y4
Coll & ref
1st
J-J
inc 4 Vbs series A—2015
1st 4s——1947
99%
99% 100
121
J-J
M 4s series B———1995
cons
AGen mtge
59
58%
110
59
92%
55
M- N
106%
M-S
1st mtge 3 Vis———1971
*104
at 3%
65Vi
1961
Flintkote Co 3s debs,———1958
,
af-n
102
102 Vs
99
104 Vi
X AFlorida Cent & Peninsular 5s_„ 1943
5
J-D
a
East Coast 1st 4%s——1959
1st & ref 5s series A———1974
•: A Certificates
of deposit—,
jFonda Johns & Glover RR—
§ A2-4s (Proof of claim)-———-1982
ACertificates of deposit—.——_—
Food Machinery Corp 3s debs,—1956
Francisco Sugar coll trust 6s.—,—-1958
35
83
99
76%
35%
34
*33%
——
,
102%
__
99
af-s
9f
30
*100
J-J
jplor.cia
102%
103% 103 Vi
Jtf-N
11
11
A 1st
104Vi
66
105
100 Vb
lOOVb
10
98%
98%
.98 y4
98%
52
85%
99
98 y4
99
20
85
103 Vi
MOlVj
J-D
90
Dec
60 Va
J-J
97 Vb
1975
—
f 4Vas A:
J-D
4%
.5s
2
4%
14%
4
102 y2
103%
28
80%
97
99%
Steel
Co cons 5s_ —1949
Castings 5%s___...__ ,,,,.1949
JAGeorgia & Ala Ry 5s____;_Oct 11945
—1934
Gotham Hosiery deb 5s w w
.,
...1946
'■
27 %
*101% 102 '
99 Vb
*100%
97
110 3/a 110%
111% 111 V'a
1973
j-j
106
105% 106 3/a
,1976
j-j
99%
J-a
General mtge 4s series G.
1946
j-j
1946
j-j
98%
103
—1967
3%s series I.__
ctfs
B_
&
ref Term M. 5s
Gulf States Steel
f 43/2S,
s
j-j
20'
109
112 y4
102%
112%
16
92 %
108 Vb
32
83 %
102 Va
83%
105 Vb
102 Vb 103
26
99
75 Vb.
89%
*62 y4
90%
58
70
*13
88 V*
62
9
13%
88
63 y4
a-o
69%
26
1033 b 103 3%
llOVb
14 Vb
"4
54
■
69 Vi
102 Vb
6
110V'4 llOVb
3s
3
109%
'
94%
Hudson
Coal 1st
Hudson
Co Gas
s
f 5s
1st
1937
M-N
84
1954
Af-N
—'
series A—-1962
gold 5s_—1949
Hudson & Manhattan
j-d
1st 5s A——1957
53 V'a
84 Vb
5
7
•
33
, ;:
-
53%
55
80
103-
a-o
•
54%
54%
55 3/a
26 y4
26
■'
26 Vb
:
62%
75%
30%
31
30
33 %a
34 y4
66 %4
*
106 Vi
123 3/a
125
105
.105
Zji*
*
75
115
37
107%
1C5
19
123%
105%
I.
109%
121%'
123 %
106-
'
107 V2
107 %
~2 :
105
105
103a/a 105
99%
104 Vb
26
98 Vb
104%
Af-S
103% 103%
,7
98%
104%
1951
F-A
J-J
.
A-O
1969
A
series
122
122
102
93
102 %
22
93%
26
llOVb
A-
92 %
M-S
*..L
Af-S
;
*103,
__
3
120
122 V'a ■'
102
1023 b
78%
-
94 V
111%
•102% 104 Va
•
_-_2003
A-O
106%
106% 106V'a
A-O
104%
104% 104 Va
A-O
92%
103 Vb
108
94%
105
98 Vb
24
88 3/a
100
92.
92%
65
J-J
F-A
103 3/4 104
85
15
107 J/2 107%
103 V4
J-J
;■
10
24
98.
A-O
24
104
104
95%
102% 105%
106 Vb 109%
103
2
105
•
Af-S
gold 3s—:
—1980
Montg.lst gold 4%s—_—1945/
*92%
M-S
J-J
94
78%
*104% 107
101%
101
94'
'
104%
105 Vb-
24
94
101%
110% 110%
Af-N
,101%
1
110
111%
62%
19%
31
M
Maine;Central. RR
4s series A——1945
J-D
91
89V4'
91
24
84% ' 94
J-D
50%
50%
15
47%
59
Manati Sugar. 4s sink fund__Feb 11957
M-N
65
65%
16
493/a
70:
AManila Eiec RR. &:Lt
Af-S
*51 %
45'b
56
Af-N
*25 Vb
Gen mtge. 4 3/2s series Aa.———-I960
eries
A
Illinois Central RR—
1981
j-j
102 Vb
102'b 103
35
101%
104%
S
f 5s—1953 *
AManila'RR (Southern Lines) 4s • 1959
?§ AManitowoc Green'Bay & North•
western lstgtd 3%s
—1941
■
1st gold 3%s_„_
Extended 1st gold
*99 Vb
j-j
97%
j-j
*
'
-•
a-o
1951
Af-S
*97
*97
-A
Vb
tt
'
footnotes
1952
a-o
61 %
60 %
61%
1955
M-N
59%
59 V'a
60
j-j
57%
.57%
M-N
For
60 Vb
3%si
see
page
,1952
2068,
•
•
Steam Shovel
s
f, Cs—
59
97
60%
.
63 %
A-O
*102 Va
A-O
'
(Stamped mod), ext 5s——
1945
McCrory Stores deb 3 %
,^—1955
Metrop Ed 1st- 43/2S series D
—1960
Metrop Wat Sew.& Drain 53/2S«
1950
51%
33
J-J
101•
—2
/
'
40
39
65
47
60%
57%
5
43 Vb
59%
60 Vb
47
46%
62 Va
-Stamped
'
:w—
tSAMef W Side El
(Chic)
4«
2
100>/4
—
2—1938
Q^A-
9)8%
101
' 70
103
99 '/a
A-O
A-O
.
•lliy* lll3/4
*90
F-A
*10%
28
*103% 105%
Af-S
100
93
—
89 %
102Vb
■
991%
105% 106%
18
111
84
6 y?
'
'
56
;; 50;1
,64 Va
v
Market Street Railway-A-
60%
123
.
1947
97
96
'
65
—■;
lines
Marion
92%
—
100
!—i—
Purchased
100%
'
1951
3%s
!———1951
9
109%
.
—
C—
South. Ry. joint monon- 4s„_^-2^1952
Atl Knox & Cine Div. 4s
1955
105%
50
55%
'
'
^.2003
&. ref 4s series.'D—_—__—2003
1st & ref,3%s series E_„
2003
88
'•
103% 103%
1963
& ref 4 %s series
Mob &
41%
35%
^1-'
2
122 V'a 122%
45
31%
37
40
'
-
IO6V2 106 %
42%
28%
32%
•
40 Va ..41»/a
*62%
A-O
73
29%
10
34
,
41
128
100
Af-S
•
11858
6i y4
••46n/4
72 :
96
39
64%
31
M-N
1st
133 3/a
117%
66
Af-S
debentures
1st,& ref 5s series.B
111%
•"40%
*117Vb 117%
F-A
—Feb 1957
AAdj income 5s
83%
127
105 Vb 105 y2
,
'
M-N
132%
44
63 %
.-I ■
F-A
8t Louis Div 2d
*132
71
35
54%
63%
A-O
Unif. mtge 3% s series A ext——1950
Unif mtge 4s .series B ext—.
-I960
Paducah & Mem Div, 4s__„j.1946
j-j
62
34
J-J
74 Vb
1
/ '''
A-O
-
73
64
■'
93
71%
'
3
,
89%
86
'■
'
—1949
stamped..,
Louisville- & Nashville RR—
1st
06
6
•54...
64%
Af-N
Lou,& Jeff, Bridge. Co ,gtd 4$______1945
H
1999
54 Va
A-O
Louisville Gas &;.Elec 3%s—„ 1966
:
101
1949
gold- 4s—i.
Louisiana & Ark 1st 5s
106
94%
87
65
'.
1962
Lorillard (P) Co deb 5s__.
97 Vb
*97
Af-N
69%
97
j-j
62%
93 Vb
9
3
73%
63 %
30
Long Dock Co 3%s ext to;
1950
Long Island Unified 4s._1949
.
64 V'a
af-n
•
1951
Little ATiami gen 4s.'series A.—-
■
Af-N
2003
modified——2003
5s jdebenture————
4s
98
65
registered.———.2003
5s stamped modified——————2003
103 Vb
51
90%
.,,1952
Hocking Valley Ry 1st 4 Vis
*§ AHousatonic Ry cons gold 5s
Houston Oil 4Vis debs
•
J-J
Lehigh ,Valley. Terminal Ry. ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd
1963
Libby McNeil & Libby 4s—__—„ 1955
Liggett: &. Myers:.Tpbacco 7s^
1944
100%
99 Va
j-j
Gulf States Util 3%s series d__ —.1969
F-A
—1954,
stamped .modified———
Guaranteed, ref
98
75
63%
65
99%
48
j-J
—1961
lOlVb
88
1975
...
55%
109
97%
—2015
stpd,...
34%
102% 103 y4
Feb
AGen mtge inc 5s series A
Gulf & Ship Island RR—
1st
97 Va
Feb
Gulf Mobile & Ohio 4s: series B_
103
35
■
99y4
97 3/4
103
mtge 4s series H____
64 Va
.F-A
1974
■
1977
A Debentures
—
lllVb
AGreen Bay & West deb ctfs A„
103%
j-d
110 Vb
....,
30
2
41
Af-S
General 4%s series E________
Gen mtge
40 %
40%
105 Vb
j-j
General 4 Vbs series D
98
19
104% 105%
\
j-j
General 5s series C
Gen
28 Vb
—1952
General 5%s series B
41
66
101% 102'Vb
28
j-d
—1947
Grays Point Term 1st gtd 5s
Great Northern 43/4s series A— —1961
.
102 %
j-j
1956
f§AGa Caro & Nor 1st ext 6s
<B F) 1st 43/4s___
Goodrich
stamped.—
4Vas registered.—————2003
•
j-J
62
78
88%
'■
j-d
j-j
2
9
95 Vb
•?86
•86ya
*64'a 2 75 ■
F-A'
^stamped——___>1964
stamped
89 Vb
41
,
F-A
.1
Lehigh; Valley; N' Y 4%s ext______1950
4s
60 Va
95 3,a
k——1954.;
Lehigh Valley'RR—•
.
93 Va
80
'V
Leh .Va!.Harbor. Term gtd 5s_.
4J/as
Gas & Elec of Berg
'
60 Vb
A-O
99%
103 VV 103Vi
M-N
5s-
4s
Gen
:
5systamped.—
15
11%
99%
101 v,
83%
■
,,
97% 98
97V'a 97%
10b
lOOVa
M-S
1st & .fret.sink-fund 5s—_i.—1964
38%.
11
~7
90
88
J-J
s
lst..(fi ref sink.fund 5s——b——1954
:
41
50
37%
99%
99%
J-D
1954
99
19%
101
.
mtge income reg
Lefiigh yalley. C'oal Co—
108 Vb
11%
y2
4%
100%
J-J
•..ls.t &,ref sink fund ,5s—-i—_i.—1974
M-N
104%
A-O
Lehigh & New Eng RR 4s A
1965
Lehigh & N Y 1st gtd gold 4s—1945
3s deb
8
108%
100%
1%
103% 103%
108%
F-A
to—„—>_1947
Lautaro Nitrate Co Ltd—
•
Lehigh Coal &.Nav
Firestone Tire & Rub
106 Va
105%
*45a"
Cons sink fund 4 Vbs series C—1954
Ohio Div
103
107
F-A
D_.._^>___1960
Lake Sh & Mich Sou gold 33/as——1997
3V2s registered.
_1997
100%
107%
5 Vbs' series
extended
5s
N Y & Erie RR extl
170 Vi 175Vb
'•J'w'.
■
•
.
Lake Erie: & Western RR—
Railroad Co—
Erie
171
86
102
2
*75
103 Vb
93%
95
83
88%
.,1954
Af-S
61
93 Vb
151%
33
106
77
'
w
-M,
J-J
j-j
Stamped
75
62%
110%
148
—
101 y4101%
101%
Af-S
5
108%
103
110% 110%
J-J
(NY) 1st cons gold 5s,.:—1995
Elec Auto-Lite 2Vis debs—
107
*107Vb 109
M-N
110
107% 108
t AKreuger: & Toll 5s ctfs
East Ry Minn Nor Div 1st 4s—.1948
East Tenn Va & Ga Div 1st 5sl—1956
89
69
69%
Kentucky in Ind Term ,43/as__,__.
111%
91
61
73'/a
a-o
.
33%
38
23%
98 Vb
61%
A.-,
j-j
109
86
■'
■
70
68%
j-j
99 Vb
108% 109%
109
67
96%
67%
.1961
Koppers Co 1st mtge.3 Vbs—
Kresge Foundation 3 % notes,,— .1950
gold 5s—.1937
.1965
3yas—4.—
t§ADul Sou Shore & Atl
Duquesne Light 1st M
46%
94
68 Va
WM»
1960
Kentucky Central gold
34
106 Vb
—
deposit,,,,,,.
Kansas City Term 1st 4s,:
107 Vb
51
of
Kansas City Southern Ry 1st 3s
.1950
Ref & impt 5s,,-,-,_____,_Apr 1950
102 % 103 Vb
*102% 103 %
—-
A-O
'
K
99
40
15
57 -: ;
J-J
Kanawha & Mich 1st gtd gold 4s, ,1990
85%
27%
99 Vb
Steel 3 y4s_—1961
12 Vb
,
.Af-N
& Laughlin
12 Vv
45
26
44Va
*40
J-D
105 'A
J-D
50 Vb
43/a
45Vb
1st' 4s_._-i.1959
49 y.s
223 b
260
75%
213
289
40%
J-J
series G—.1966
Gen & ref 3s series H———. 1970
1995
Detroit & Mackinac 1st lien gold 4s
1995
ASecono- gold 4s—————
.1961
Detroit Term & Tunnel 4% s
.1950
Dow Chemical deb 2Vis
Dul Miss & Iron Range Ry 3Vbs— .1962
James Frankl & Clear
5%
Af-S
& ret mtge 3J/2S
77 Vb
44%
'
4%
A-O
jADes M & Ft Dodge 4s ctfs,—.
.1947
jADes Plains Val 1st gtd 4%s--~
;1965
Det roit Edison 4s series F
^
:
45%
■■■■'■■
■
J
108 3/a
'
42
F-A
.1978
105 y8
*102% 104
'
F-A
Gen
■
■
32
106% 107 VA
77 Vb
J-J
1936
~
.1963
.1936
^*******
113%
96
13%
;
Volume 158
Number 4231
THE COMMERCIAL & FINANCIAL
CHRONICLE
2057
NEW
BONDS
New
York
Week
Stock
Ended
Exchange
Nov.
YORK BOND RECORD
Friday
Week's Range
Last V
or Friday's
>
Interest
-
If)
i
-
Period
Sale Price
Bid & Asked
Low
BONDS
.
Bonds
:•
<
Sold
High
Range Since
New York
January 1
Week
:
No.
Low
Michigan Central—
Jack
1st
gold
M-S
„1951
&
3%s,
1952
impt 4'As-series C
Michigan Consol Gas 4s_,
1979
.
J-J
73%
Si? A Midland of N J 1st ext 5s
1940
i§ AMihv & Northern 1st ext 4%s—1939
73'2
A-O
104 V
:
,
jgAMilw
;■
M-S
J-J
1st
& State
&
ARef
ref
&
Line
1st 3 %S_,~_1941
gold 4s
,1934
__i
■
1949
Vv
_J;.
27
V
li
Q-F
7
63
2734
57
9%
§ A 1st
stamped
consol
5s
A 1st
&
1938
7;;/
*
•
1st
8%
2%
25-year
A
1st & ref 5'/as series B
27%
27
29
3-J
29
29
29
3-J
3-J
5%s
1949
t A Missouri-Illinois RR 1st 5s
2734
-1959
A__„_
A Cum
"
.
-16
26
2834
30%
1634
Friday's
44
153 a
53'a
16
434
3
3%
13
13 a
Gen
3034
A
J-J
1966
M-S
1955
A-O
:__195Q
76'A
76
/
77V4
6
'l
J-J
^
J-D
^
-TV
•
*.•••-.•■ 100
5034
50
A
103
Northern
"
4s
J-J
61
59%
61
131
40%
63
J-J
43'A
47 'A
49
90
33'A
52'A
J-J
adjust 5s series A—Jan 1967
50'A
50%
29
A-O
50
263a
29'A
39
3534
J-J
19
38
-Ref
&
Ref
.
&
F-A
51 'A
5034
'"l975
M-S
1977
M-S
63
3534
3
353a
59 V'a
19
20'A
347
5034
52'A
309
35%
51'A
5
3534
M-N
50'A
50%
52
11
64
2734
„
363
a
112%
can-
■
22
39%
30
38
5
128 34 129
21
73
*120
Q-J
1997
113
124%
132'A
123
114%
67
48
65
50
69%
7274
94%
2
69
89
68
42
88 V#
90
843-2
84 'A
52%
5334
50 34
5034
4
40%
56
58%
57%
58%
68
76 34
76
5074
76%
198
66%
62%
81%
633#
64 "2
7
5514
63%
68 V4
6334
64%
25
55%
68'A
10934
111% 112
Q-F
2047
90
14
Q-J
Jan 2047
Q-A
2047
53%
J-J
,,,2047
J-J
2047
J-J
2047
J-J
X967
F-A
1964
"M-S
1944
3-J
(Wise)
1st
136
Co—
mtge 3V2S
Teleg 4%s ext—
40
119Va
A-O
1997
1st fit ref mtge 3%s___
49
124%
deposit
Power
85%
29%
34
*123
M-S
impt 5s series C,„
Northwestern
106
-
1945
prior lien 4s
States
s
109
7
58%
109
110%
U034
112'A
101
■:-*-V.
101
5934
3534
81'A
38
M-S
1974
impt 5s series Di._
(Minn)
58
'
Ww,'
•
&
Northern
59 7A
51'A
"51%,
-
; :
22V4
110%
10234
80
128'A
,1974
A__,_
impt 4%s series A
impt 6s series B
Ref &
59 3A
5134
19'A
'
1978
5134
5IV4
:
11134
a
1083
i._
37%
O-A
ry fit Id gold 3s
registered
3s
^Missouri Pacific RR Co''
81
10834
*105 34 1 05'A
'38
registered,,,,,
Ref
1965
109'A
,...
38%
F-A
(stamped
of
Pacific
90
203
A...
A-O
Gen lien
56'A
118
.
1
16
'-v.;
59 34
.—1962
V
,,,2014
guarantee),,,
ACertificates
100
41%
of
v-
A—1961
5s
& ref 5s
gen
:
16
83
*1083# 109
M-N
.,,1998
inc___
RR
4%s series
cellation
77'A
98'A
•
51
ref
Alst mtge gold 5s
7%
64 'A
,
&
14'A
19'A
9
.
*10834 109
•
4534
86
15%
...
High
3134
12
109 % 109%
1946
tNorthern Ohio Ry—
10
:_,„1978
D
J-J
11%
*8334
F-.4
M-N
Low
4
1874
*10
—
No.
36
*12
■
Range Since
January 1
Sold
High
35%
F-A
1967
4%s
Bonds
Co—
series
Southern
North Central
31%
1962
series
4%s
t? ANorfolk
'
40-year 4s series B
4 Vis
128
1
5%
'
lien
27%
''•
'
f
J-J
Mo Kansas & Texas 1st 4s_^__„__1990
Missoun-KansasVTexas RR—
Prior lien 5s series
mtge
AGeu mtge 5s conv
8
■
"
M-S
_1978
,
1st
J-J
,1940
3%s series B
Norfolk Southern
Ry
30%
V23a
5,'-;
A'".:
5
J-J
1938
,,,1946
ref 6s series A
a
Prior
or
Sale Price Bid & Asked
'
Norfolk & Western Ry 1st
gold 4s_1996.
,_.1938
.___
§ A 1st stamped. 5s gtd as to int
Y Telephone
t? AN Y West & Bost
65
88
1937
.,1937
1943
Niagara Falls Power 3%s
Niag Lack & Ont Pow 1st 5s
Niagara Share (Md> deb 5V'as
68 'A
61
'
N
tMlnn St Paul & Sault Ste Marie
5; A 1st cons 4s
Last
Period
ATerminal 1st gold 5s„
85'A
-
38
•
-
■'
,
.
.
.
65
/
<'
10
27
7
"■49 'A
'
25
7234
24
78
109%
'
M-S
,
."'A-'l.
'
'
51
*58
.
57%
104 V#
60%;':.":; l\
48'/2
92%
10
53
60%
.
51
M-N
50-yr 5s series A,,_1962
ext
Interest
1!)
t5AN Y Susq & W 1st ref
5s,,
§A2d gold 4%s___,
§ AGeneral gold 5s
101%
21
*86% .95
'
t A Milw Spar & N W 1st gtd 4s____1947
fAMlnn & St Louis 5s ctfs
*50
.
J-D
73 %:
104% 104 'A
a
J-D
_____,,1939
78
97
•
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M-S
AgConsol ext 4%s__,
*90
.
ilf-N
„„_1963
A
Exchange
Nov.
Low
Lans & Sag 3%s
Ref
Stock
Ended
High
5834
'
"
/'"•A
»
V:
•.•m
'
'1.
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•;
i.'.''''
1949
of
M-N
10
10
340
534
15'a
1980
ACerlifieates
A-O
5134
50'A
52
225
3634
5934
503
5034
50 3 4
30
3634
58
deposit,,,.
,1981
F-A
9
a
51'A
50'A
52
503o
50
5034
294
3534
59
tSAOg & L Cham 1st gtd gold 4s_1948
Moh'k & Malone
1st gtd gold 4s_. .,1991
M-S
Monpngahela Ry 3'As series B,_. .,1966
F-A
5434
;:■/
.54'A
'.
■
,
56
22
106'A 106'A
45
,
1st
mtge 4 VaS——
I960
—
debentures-..—
Montana Power
Morris &
3%s__. .,1966
1st
-A-".
J-D
.',1951
1958
10534
J-J
M-N
& Co 3s debs
Essex
110'A 110'A
107;
20
'
109
114
1033-4
10734
4s
J-J
1965
Gas
1972
3%s
J-D
12%
2
27
106'A
100%
1
109 34
111
110% 110%
J-J
1946
fit -Elec
debentures
107'A
1073a
10
107 34
111
106% 107
M-S
1966
i.
12
107
109% 109 32
M-N
1967
3%s_-_,
Oklahoma
113%
110
4s
mtge
mtge 4s
1st mtge
15
•
113'A 114
■
1st
1st
22
106%
12
J-D
107
gtd 3V2S—.
.
105.34 10634
9434
:
/
•'
100
•
■.
3-D
51
'1955
M-N
45'A
1955
M-N
42%
1968
J-D-.:/
1947
M-N
;
A".
.
:
•'
"
Ore Short
Line
1st
54 Va
■35.34
503'a
Oregon-Wash RR fit
i .313-4
46
Otis Steel
■1
,
1•
■
::
106 'A
M-N
1946
J-D
105% 105%
1946
105%
J-J
*108'A 109 3 a
1946
108%
J-J
1093 a
*109
1095a
109
110'A
108
1083#
37
106%
110'A
102''2 103%
21
99'A
105'A
gold 5s
Guaranteed stpd cons 5s
1st
Nav
4s__,_.
4%s
mtge
110
104 %
10434
1945
1961
J-J
1962
A
ser
J-J
108
107 34
10834 .11034
.
!' y
•
5s
gold 4s
cons
10034
37%
/••-
109 34 109 34
•"■80%
96%
1st
con
5G
42%
81
Transmission
Oregon RR fit Nav
86
46 '/a
*11134
Ontario
99%
"•
130
41'A
-A"
89
5
-
51
!4434
•
■
.
3
100
48%
:
57
95
19%
102
•'
ref
Mqntreal Tramways 5s ext—
Morreil (John)
A-O
A-O
——
1st &
Ohio Edison
65
10134
1
Monongahela W Penu Pub Serv—
6s
O
5934
38
13
.11134 11234
N
Pacific Coast
Nash Chatt & St L 4s series A__t—1978
Nat Dairy Prod 3lAs debs—
—I960
Distillers
Nat
Prod 3—-Ai~—1949
F-A
Steel
let
Consol Gas
Newark
fANew
M-3
cons
1948
i—4——1945
1st gtd 474s series B
N
J
Pow
RR
3-J
Light 1st 4VaS—-2-1960
&
N O & N E 1st ref & imp 4'As,—,1952
Orl Puu Ser 1st 5s series A—1952
New
•
1st &
ref
5s
series B__
New Orleans Term
1st
-1955
gtd 4s——1953
fNew Orleans Texas &
1st
A
1st
5s
series
B—
ACertiiicates
5s
series
4'As
—:1950
of
series
deposit——
D._—
ACerlifieates
Alst
deposit————
C
ACertiiicates
A 1st
——.1954
of
of
—
<■
i
100
•
116'V- 119
' ■■•-70".
2
11634
118 Vi
1223a
12534
84
8
J-J
95%
92%
—
92'%.
95
4
83'A
5
5
;93%
.
95
Central
RR
4s
series
A
-
impt
Kef
&
impt
80'A
-
57%
-.v
56'%
57V#
U
1944
Cent
Y
Hud
&
3%s
60
—
a-o
68
F-A
44%
—-
64 34
50
19
'
•
7574
72
1st
71%
3%s
registered.—
Mich Cent coll gold
69
1
51 'A
70
66
7
49'A
71%
44'A
61'A
5234
7934
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47 %
75
Cons
5
50
—
3%s
'JC'
•
72'A
•'
66
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—
—,
■
New
York
Ref
3%s
fij
Consol
gold
4s sterl
Ref
1st
6s
'
*10374
-2
4%s. series
77
47%
61
A-O
59%
62%
357
52%
67
126
M-N
-A9&7
J-J
J-J
C
F-A
83
83%
77
5
65%
67
48
60%
61
19
50%
66
Peoria
92
4834
6 6'A
Pere
2
4734
61
60'/#
1st
Con.v 5%
N Y Edison
ref
85
A-O
.'96
F-A
a-o
—_1965
104%
&
West 4s
.:200a
series A—1973
4 '28 series B
104
J-J
*115'/a 116
,21973
IN Y New Haven & Hartford RR~4
ANotirConv deb *4s_—_i__1947
107%
106
102
109
J-J
series
series
•'
105'A
105'A 10534
103%
10534
10834
10834 10934
29
10634
10934
10734 10734
34
983'a
108%
M-N
109%
109% 10934
10
10834
M-N
11034
109%
109% 109'A-
11
108
-1
deb
1153#
122
122
J-D
110
1968
3-D
115%
1970
A-O
97%
196
54
97'4
1981
A-O
10534
10534 10634
81
9634
10634
3-J
106'
106
4
95%
) 06 34
4I/2S___,_,_.
;___1984
3'As
99'A
70'/a
99'A
118
88%
99%
122
1
.119%
124 34
75
101%
11034
115
97
115%
96%
A-O
'•9834
1947
M-S
CM-
1960
69%
9834
10934 110
1952
Peoples Gas L & C ref 5s
.77%
.
/
A
Eastern
&
Income
ext
A-O
Apr 1990
Marquette
1st 4s
4s
4s
Pelcin
&
series
•
1
1974
F-A
__
.
M-N.
'
1st series A 5s
1956
.
86
1956
993a
38
5
■5134
20%
w
j.
5234
74
75 %
.
75%
117
9034
48
conv
3%s
&
Wash
1st
5s
series
B
Bait
100 Va
107
deb
82_
M-S
1
General
gold
General
4%s series D
series
7234
1981
100
Philadelphia Co coll tr 434s
130 34
Phila
•
1st
Electric
&
ref
A ref
A Conv
5s
*129
82
74 V4
8074
3s
91
20
6434
83
57%
7674
7
13434
3-J
125 34
O
107
11834
~I
125'A
*,,
108
•
of
ACertificates
M-S
J-D
10374
—
111
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J-J
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10634 107'A
:
125'A
107
li
142
111'A
93
107'A
110'A 11034
15
110'A
11274
103 % 10374
4134
M-3
1634
1962
M-N
—1963 ;
s
••V'
129
21
102
10434
■
1973
1st
106%
'•
1949
:
debentures
t§*A Philippine Ry
3-J
1967
stamped
deb 6s__
VW'
24%
72%
121
\
737#
J-D
1961
Philip Morris Ltd deb 3s——
105%
58'A
107
10634 107
107
1971
3'/2S
mtge 2%s—;
^Philadelphia & Reading Coal—
1-17'A
60
1st
ref
&
11234
.
5534
6
J-D
F-A
C_—1977
11034
■
100
29.
53a
106%
57
89'A
82
723'4
'4
'
1
79 Va
1153a
■
1952
1974
109
-
44
112 »A
gold 4s—•
General
4%s
111
7
20'A
1834
107
:
8834
J-J
1980
108
33
—
•JL''-
72
Phila
10134
.
111
70'A
89
:
111'A 111'A
i
J-J
B_,__
10674
9934
1
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72
..
108
'
102 34
65
99
Phelps Dodge
8674
100
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M-N
8
,
106
9834
■
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Apr
Ry 5%s
Union
gold 4%s series C
97.%
64'A
6
101
115% 115%
F-a
HO'/a
F-A
,,,,1965
Peoria
•7
108%
V
A-O
1960
A
82
15
108
.i
86
77
*108% 108%
20
1970
B
87 3A
,76
—
J-D
M-N
'
1948
7434
99
A-O
;_'1949
A 100 A
1043# 105%
/•—
A-O
3'As series E—-I960
gold 5s„^1948
',101
May 1 1948
53
349
100
A-O
Purchase money gold 4s—
Y ■& Harlem gold 3
1
59
107'A
C____^
6734
•
132
85
83%
101% 101%
J-D
1947
3743 series D:
&
M-S
1965
notes
N Y Gas EI Lt.H & Pow.
N Y Lack
57
95
,
N Y & Erie—See Erie RR
N
60'A
57
96
—1951
gold 4s_,
109
109
10534
7
A-O
—>1950
Dock
103%
10634
103 34
105
'
47
60
—
11947
Connecting RR 3%s A
Y
*102
109
10534
F-A
mtge 4'As series E_._
Conv
81'A
,1978
Y
Gen
.
1st
to
102
98
F-A
General 4'As series D__
67 %
77
66%
F-A
N
51%
82'A
—
F-A
N
5s
83
F-A
1998
;
117%
J-D
1968
sinking fund 4%s
4'As
83
—.
—1——,:1998
3'As extended
mtge
.
427
1974
115'A
1969
4s
Debenture gold
—
59%
—1952
debentures—
1st lien
3-J
55'A
series A—
D„—.
ser
Light 3%s__.
stpd dollar
3%s series
mtge
General
Chicago & St Louis—
5%s
57 %
1
Pennsylvania RR—
%■/.%'•■
;
58%
3%s_—
registered
8534
3
75 »A
53%
,.1998
105
67
•
'
55%
62%
.
,
'
Lake Shore coll gold 3%S—.——1998
97
15
1974
67
71 V'a
ref
&
Penna Power
'
69
59%
3*/2s
•
"
65'%
65%
110%
11134
105
'
F-A
1981
67
—
.V/;
—
72
48
-'ul-'
.
68%
*62
—
1997
River
09
10274
10
8574
11534 H534
M-N
1963
6474
F-A
registered-.
J.
104
97
97
3-D
1952
41V
A-O
Conv secured 3'As—_-i
N
104'A 104 34
108%
88
85
A-O
97%
,-2013
5s series C
6s
108
-..1998
4%s series A
deb
108
104'A
—2013
&
104'A
11234
Pennsylvania Co—
96'A
103 >
.
26 v- ;
69
—
Y
Ref
4
5
109
*8434
M-S
Trans
General
N
10534
-:U
.
F-A
Parmelee
1960
a-o
a-o
Newport & Cincinnati Bridge Co—,
General gtd 4%s
—,.1945
106%
9514
109
"
T954
deposit——;
103 3 4
■
•
104'4 104%
J-J
6
108'A 109 34
|
•
16
97
104% 105
—
J-D
J
11274
35
109
m-n
Paterson Ss Passaic G & E cons 5s.-1949
111
73
108'A
3-D
1937
M-3
40 %
•
43
210
16'A
18'A
980
*105
10434
J-J
10434 104%
634
deposit,,
20'A
834
4334
19 %
104
13
634
*434
11
106'A
104'A
10634
3%
9
474
8
7'A
•
ANpn-coav
deb .3'As-,;
M-S
39%
40
6
34
'
52
.,21947
M-S
A<Non-convK deb
A Non-coil
V, deb
3J/2S—_22__--2.".1954
A-O
38'A
38
39%
27
4s
J-J
393#
ANon-conV
39% '- 40%
•"66
4s,_.
49
39
40%
118
32%
31%
49%
247
,371/4
62%
deb
——1955
,11956
-
M-N
•
certificates 3%s___2195Q
J-J
38%
A Conv
37'/2-
6S
383i
J-J
45
43'A
45
a-o
56
deb
^1948
§ A Collateral trust
ADebenture.
6s___,
4s,„__
_:i940
_,,1957
Alsfc & ref 4 %s series of 1927,221967
t A Harlem River-& Port Chester—
,1st
4s_
:
1954
JAN. Y Ont & West ref gold 4s_2_,1992
AGeneral 4s__-_,
^1955
N. Y & Putnam 1st 'cons
gtd 4s_„,1993
N Y Queens EILt ,& Pow
3%s—11965
N Y Rys prior lien 6s
N Y Steam Corp 1st
stamp
M-N
52
'
M-N
M-S
J-D
footnotes
M-N
.,,1958
J-J
J-J
see
page
20S8.
'■
9'A
1945
M-N
104
105
105 »A
107
107
110
113
'
Series E 3'As gtd gold,
>—1949'
F-A
*99 ',4
J-D
11234
105
•
Serits P
4s
guaranteed gold
Series G 4s guaranteed,
1953
1957
M-N
113
F-A
113%
F-A
123 V'a 12334
1111'*
113'A
112%
114
119%
123'A
"
Series H
Series I
cons'guaranteed 4s—,1960
4%s
cons
.1963
—
49%
78
Series
15
39
8V2
21
294
36%
55
Gen mtge 5s series A,.
Gen mtge 5s series.B
Gen 4%a series C——
14
90%
■■
-..
104
102'A 102%
83A
9'A
83"
4
4
26
49
__
__
Series D-4s guaranteed
•'
42
4 •'
102%
51
39
52
14
"
"
-
56
49
49%
41
'
:
,
A-O'
3%s__,_____^1963
-For
54'%
15
J-D
313'b
313'b
33
*
A Debenture
.
Pittsburgh Cine Chi & St Louis—
53
2" 67
*36% -40
,2
•
51
23
*109',2 110'A
*107
-
'•
2
104%
11
12%
6%
41%
110
108
107'A 108
3A
112%
a
10534 1053a
104'4 105
•
104'A
J-J
99
110
109% 11034
"
■
•A-O
1955
92 34
1097
40
'
95%
A-O
106
-
-I960
Paramount Broadway Corp—
1st M s f gold 3s loan ctfs
82
13
-1966
-1955
6
22
11034 111
10974
"J-D
-1966
f gold. 4%s,
-s
97%
109% 11074
J-D
-1971
97%
...
110'A
•J-D
,1970
3%s series C______
mtge
J-D
„
,1966
;
Panhandle East P L 3s
85
77
J-D
Paducah & 111 lst
2
."■.7
-
J-D
,1961
Ref
85 3
70%
deposit
of
:
•
106% 107
—
F-A
.
95
J
1
*81'A
.
3-J
—1956
5'As series A—
ACertiiicates
81
■
Mexico
Ry—
§ANon-cum inc 5s series A,J—-1935
ACertiiicates of deposit—22—
A
2
V 19
,1964
1st & ref M 3s. series Ks.,,
Pacific Tel & Tei 3%s series B
124% 125%
125%
A-O
1983
105
'
81%'
,1940
'..1st & ref mtge 3%s series I
1st & ref mtge 3s series J
105
116% 116%
M-N
F-A
New Orleans Great Nor 5s A
81
-
J-D
^1986
22
-
81
10634
V 10334
gold. 5s
1st & ref mtge 3%s series H
10834
12 ' '■i 10134
-V
*116
__
3-J
—2.1961
gtd 1st 4s
'
'•'•6
100
Co' 1st
Pacific Gas & El 4s series G
82
105%
-1023#
:
■12
1041'2 104%
V 6874
'.
34,
105'A
100
;
38
;
V10274103 74'
-
—
3-D
New England Tel & Tel 5s A——ul952
N J Junction
V-Vs
105
i 102%
M-N'
England RR gtd 5S——-1945
AConsol gtd 4s-
"W/v
A-O
3s——al965
mtge
fANaUgatuck RR 1st gold 4s—.—1954
82
10574% 105% 106%
V M-S
3'As sinking fund debentures—a1949 J.
National
w
J-D
106%
'
7
58%
111%
108%
109%
1
J
Pitts Coke
Pitts- Steel
cons
guaranteed 4'As
& Iron
1st
conv
1964
M-N
1970
J-D
11534
A-O
1163'b 116%
J-J
10634 107
,—1975
4%s A
mtge 4'/2s_
1st mtge 4%s.series B,^.
Pitts & W Va 1st 4%s series A
—1977
1952
123 74
J-D
J-D
,,
107%
5
95
7
98%
103%
98%
103'A
57%
5734
57%
A-O
57'A
5674
57'A
A-O
57 3
57
57V2
1960
117
100
7
1st
series C_
105
10
10234 10234
103
1st mtge 4%s series B——,—1959
mtge 4'As
123'A
117
9
10234 103'A
J-D
1958
119%
105%
'
102 % 102%
M-S
1950
1950
„
2
25
.
■
55
•
:
103
64
4
53%
6334
11
5334
64
THE COMMERCIAL & FINANCIAL CHRONICLE
2068
NEW
Nov.
Ended
Week
Last
Interest
Exchange
New York Stock
Week's Range
or Friday's
Friday
BONDS
Low
J-D
& Ash 1st 4s ser A—1948
1st gen 5s series B..—<*.1962/
1st gen 5s series C_.—..—...1974
Pitts Young.
,
1st 4%s series D
F-A
January 1
Low
108%
York
Week
Stock
Ended
Friday
19
Period
109
118%
124
Texas & Pacific 1st gold 5s
Gen & ref 5s series B_.
&
ref 5s series
ref 5s series
....1977
A-O
....1979
C__
Gen &
J-D
A-0
1980
Gen
...2000
1st 5s
100%
M-S
99% 100%
102
90
100%
Tex Pac Mo Pac Ter 5%s A
105 Vi
107%
Third Ave
108%
Y~A
■
.
.—
v
99%
t A Providence Securities
Af-N-
13%
l/i.Providence
Af-S
4s—.—1957
Terminal 4s—...1956
,
110%
A Ad J
....1964
isi
rei
&
20
13%
51
13%
*97
95%
101
7
100
20%
91
~7'
109%
112%
10
106%
January 1
No.
114% 115
Low
High
101 %
11
118%
79%
22
68
88%
78
79%
27
67%
85%
78 %
70
4
67%
85%
3
103-%
J-D
A-0
78
110% 110 %
"71 %>
111
.71
72%
189
62%
76
26 Vi
27%
27V'4
214
21%
37%
145%
220
1950
87%
100%
98
101
MS
101
103
20
91
101%.
100%: 102%
117%
116%
117
105%
107%
110%
112%
222%
112 Vi
98
101
*102
>116
J-D
149%
109%
1st 4s
108
107%
J-J
*147Vi
J-D
*222% 230
A-0
109% 110
Tri-Cont Corp 5s conv deb A
...1953
_1971
*106% 107
U
Af-N
3s
97%
98%:
49
88%
J-J
913/a
91%
92%
43
78%
95%
J-J
92
91%
92%
28
78
95%
3Vis..—,....1958
Republic Steel Corp 4Vis series B..1961
Gen mtge 4Vis series C_——1958
Revere Copper fit Brass 3 Vis—..I960
J-J
105
105
F-A
105
109
9%
F-A
debentures.._.r„....„..-._1967
*104
16%
103
105
105%
J-J
103%
103% 104
17
100%: 104%
J-J
108
107% 108%
29
107%
A-0
103
102% 103 %
29
97%
105%
M-N
102%
102% 102%
109% 110
5
97 Va
104"%
21
106%
111
1
105%
108%
99%
..1997
1997
111% 111%
A-0
15 A Union Elec Ry (Chic) 5S......1945
Union Oil of Calif 3s deb
.1959
R
A-0
Range Since
Sold
78%
.
J-J
Toronto Ham & Buff .1st gold 4s._1946
Trenton Gas & Elec 1st gold 5s
1949
97
109% 109%
107
Af-N
mtge
Bonds
Hiah
79
A-0
Tol & Ohio Cent ref & impt 3%s..l960
115
M-8
Ry 1st ref 4s..........l960
income 5s—
Jan 1960
Union Electric Co of Mo 3%s
Public Service El & Gas 3%s_.
Friday's
—A,
99% 100%
109%
J-J
1968
3s.....——1972
1st & ref mtge1 5s——.—-2037'
1st & ref mtge 8s
2037
Public Service of Nor 111 3Vis——-1968
111
*110%
,
J-J
Pressed Steel Car deb 5s
■
—
*110
'
■
—1977
-1951
;
*105%
J-J
1st M "3 Vis—.-I960
Pwr
mortgage 3%s_.
1st
"
J-J
—........1950
extended
or
J-D
D
Tol St Louis & West
Portland Geri Elec
Potomac El
Week's Range
Last
8ale Price Bid & Asked
Low
J-D
1st 4%s..,r—-I960
Interest
Exchange
Nov.
High
107%
"123
•
—
No.
New
J-D
1977
........
BONDS
Range Since
Sold
High
*108
.u
v
YORK BOND RECORD
Bonds
Sale Price Bid & Asked
Period
10
Monday, November 22, 1943
1951
Reading Co Jersey Cent coll 4s
Gen & ref 4Vis series A...
Gen & ref 4Vis series B
Remington Rand deb
Af-N
M-N
105%
23
101%
28
101%
105 Vi
*100% 101
100
Pacific RR— '
1st & land grant 4s..
1947
34-year 3%s deb
1970
35-year 3%s deb-i-..—-...._197t'
Ref mtge 3%s series A
.1980
105%
105 %
Union
106%
United Biscuit 3%s debs
80%
58
46%
44%
46%
72
27
*125%
US
un%
us
H—...——1967
1967
*109%
34%
MS
A-0
1958
F-A
...1944
M-8
3
110
34%
United
22
24
15%
105 %
105% 105%
>105%
62%
99
.1998
A-0
*61%
AgRiv & G Div 1st gold 4s—...1933
A Certificates of deposit—.
M-N
96%
.1933
stamped
t A St L Peor & N W 1st gtd 5s— .1948
St L Pub Serv 1st mtge 5s—.- .1959
-1955
St B Rocky Mt & P 5s stpd
M-N
JASt L-San Pr pr lien 4s A—
.1950
A Certificates of deposit——....
J-J
29%
28%
30 %
J-J
28%
31%
28%
B_——1950
A Certificates of
deposit
——
A Cons M 4 Vis series A——.
.1978
ACertificates of deposit stpd
—
30%
33
31%
30
55%
30%
31%
2d
gold 6s..——
J-J
5s series
lien
2.65s
77%
M-N
94%
68 Vi
70
98%
126
98%
44
*101% .•Li'/
M-N
1 1953'
M-N
.May 11954
91
102%
* 10.1 % 102 %
101 Vi
103
*101 Vi 102 %
101%
102%
M-N
*101J%
101%
102%
11954
M-N
*101 Vi
May 11955
M-N
"102% 102%
NOV
NOV
—
32
18%
20%
22
Yandalia RR
101%
1951
A-0
102
..1944
A-0
102
102
100% 101%
—1944
F-A
"■
102
103%
-4'
93%
103
'5
97%
102%
44
99% 100
97
101%
20
824
19%*
38
19%'
M-N
*111
1968
M-S
.*111
MS
39%
1st
4
85%
65%
*108%
Jf-S
111
114
79%
91%
104110
:
109'/a
100
100
*78
.100
108%
,110% 112
91 Vi
*—
J-J
A-0
cons
108 Vi
111
111%
*89%
F-A
5s._._^..._..._..^....1958
Virginian Ry 3%s series A_, ...—1966
97%
5
series A
f 4s series B
Va Iron Coal & Coke 1st gold
39%
30%
F-A
1957
s
Va Elec & Pwr 3%s series B
40%
31%
g 4s
1955
Cons
41%
29%
■
cons
5s._1949
Virginia Pub Serv 1st mtge 3%s—1972
Va & Southwest 1st gtd 5s
2003
37%
"
30%
65 Vi
\-SJ'
.
38%
31%
65%
..
88 Vi
19
173
J-J
.
100%
572
93%
101%
102
101 %
,
75%
8
73
93
101
101%
,*■101.. :
M-N
—..May 11953
■—;—
ioo%: 102%
101%
101 %
94 Vi
12
92
M-N
102%
96
92 Vi
93%
*88 Vi
1 1950
Utah Lt & Trac 1st & ref 5s
Utah Power & Light 1st 5s_.
97 Vi
78%
32
30%
Nov 1989
4s inc bond ctfs
A 2d
98%
Ms
tSt Louis-Southwestern Ry—•
1st 4s bond certificates—,—.1989
....
70
Af-S
J-J
101% 101%
United Stockyards 4V!is w w
97%
93
93%
*101
*101% 102%
:
M-N
2.60S
63
*92
4s
101%
102%
67
Southern-
JSt Louis Iron Mtn &
APrior
108
107 %
,105%
__
62%
62%
101
M-N
,
11952
2.55s
A-O
102
M-N
-Nov
;
2.50s
J-J
100%
101%
M-N
Nov
....
2.45s
J-J
94%
100 %
May 11952
2.20s
Saguenay Pwr Ltd 1st M 4%s—. .1968
Grand Island 1st 4s.._ .1947
.1996
Lawr & Adir 1st gold 5s
13
45
May 11950
..........Nov 1 1949
....
2.15s
2.35s
St
101 %
101
Corp—
May 1 1949
2.10s
,
2.40s
St Jos &
106% 106%
100% 100%
'
14%
9%
States Steel
2.05s
39
9
•;
11%
11%
v
100%
Serial debentures
108% 109%
-
J-J
Drug 3%s debs—
J RR & Canal gen 4s
U N
124%:
110
—
33
A-0
United
■
•
Z.%Z-'V:, 11
o-J
1955
United Cigar-Whelan Stores 5S....1952
124%
.
109% 109%
MS
3 Vis series J...
1969
J§AR I Ark & Louis 1st 4Vis
1934
j A Rut-Canadian 4s stpd......—1949
t§ ARutland RR 4Vis stamped—.—1941
Gen mtge
~
58 Vi
86
54
79%
M-S
J-D
109%
102
80%
a-6
mtge 3Vis series I
Gen
102%
J-J
IfARio Grande West 1st gold 4s._1939
Mst cons & coll trust 4s A——1949
Roch Gas & El 4 MaS series D——.1977
Gen mtge 3%s series
105%
2
80
92
20
100
72 Vi
86
108Va
111
83 Va
10
110Va 111
100
84
:
J-J
48%
J-J
{A 1st term & unifying 5s——...1952
A Gen & ref gold 5s series A—1990
St Paul & Duluth 1st cons
32%
47 Vi
A-0
Schenley Distillers 4s s t deb——1952
gtd 4s
—1989
46 Vi
99
27%
50%
85
89
*18%
F-A
Paul Union Depot 3 Vis B——1971
47
33
*92
J-J
tASfc Paul E Gr Trk 1st 4Vis——1947
t§ ASt P & K C Sh L gtd 4ViS—1941
48%
32
J-D
gold 4s_1968
20%
6%
M-N
St
27
25 'A
*102
Af-S
Scioto V & N E 1st
"
103%
27
49
24%
17
'.v
■
72
W
31
Wabash RR Co—
101% 104
103% 103 Vi
22
103
1st mtge 4s series A
AGen mtge 4s inc series A
106
123
126%
A Gen
tSeaboard Air Line Ry—
§ A 1st gold 4s unstamped
.—1950
§A4s gold stamped—1950
A Adjustment 5s——Oct 1949
§ ARefunding ;4s.——1959
ACertificates of deposit——^.—
A 1st cons 6s series A——.1945,
ACertificates of deposit
t § A Atl & Birm 1st gtd 4s
1933
t A Seaboard All Pla 6s A ctfs
1935
A 6s series B certificates., ..——1935
Shell Union Oil 2Vis debs
—1954
2%s sinking fund debentures——1961
t§ ASilesian-Am Corp coll tr 7s—.1941
Simmons Co debentures 4s
1952
A-0
39%
A-0
39%
39 V i
r
:, 19 %
A-0
Southern Colo Power 6s A——
Southern
18%
4s
3
130
7%
,
1
28
coll)—.
Pac
registered
1st 4Vis (Oregon Lines)
Gold 4 Vis
A.
Aug 1949
1949
—1977
:
141
57%
58%
22
44
61
47 Vis
.49%:
149
34
52
99
82
19%
24%
14%
6
13
420
15
22%
24%,
41%
41
42%
26%
24%
26 Vi
24
26
F-A
A-0
im
1
98%
99%
26
101%
105%
101%
104
105%
107
58
105% 106
'*123 '• '
■
A-0
30
40
,
50
'
123
*107% 108%
J-J
107
93
J-D
1st
315
87%
93Vi
.>•—1
88
85
88
2
Af-S
64
60
64
426
40-year guaranteed 4s...
1945
A-O
.„.v:
-*32rS.
98%
98%
F-A
F-A
26V4
36 V4
91
36Vi
97%
97%
*99%
32%
25Vi
'
98%
34
,100
31
45
88
...
104
104
■
J-D
West Penn Power 1st 5s E_..._. ._1963
1st mtge 3%s series I
.1966
MS
J-J
Western
61
A-0
stpd gtd_....>1950
Gen mtge 3%s—.....__......._1967
,
*
1st &
123%
104
105 Vi
Maryland 1st 4s
ref
5 %s
1952
;
series A
...1977
*118Vi
J-D
-
J-J
119Va
llOVa
.
■
110%. 110%
110%
112
112%
94
84 Vi
97%
99 Va
33
95
71%.
61
36%
76 Va
;:
69Vi
•
109'a
90
69%
97%
7
89
V
90
120V4
108 Va
106
—*
108Vi 108Vi
*110% 111
t A Western Pacific
1968
Af-S
6i%
58%
61%
186
55
68%
Af-N
60 Vi
56%
60%
483
53%
66
...1981
Af-N
60%
56%
60%
235
52!/4
71
141
36 Vi
76'4
:
,115
93 Vi
71
__„__1946
MS
71
Mr N
Af-S
100
M-N
102
1st 4s guaranteed.....2361
J-J
53'4
52%
53%
130
___..2361
J-J
50%
50
50 Vi
29
West Va Pulp & Paper 3s
1954
Wheeling & Lake Erie RR 4s.___._1949
J-D
Wheeling Steel 1st 3%s series B... 1966
Wilson & Co 1st mortgage 3S.....1958
Winston-Salem 8 B 1st 4s.
.1960
Af-S
ser
102
A 5s assented__________„
J-D
■
101
,101%
101'4
101%
100% 101 Va
99% 100
102
102
84
98
9
:
101%
87V'a
101V4
83
83
194
; Z;::'
101V4
101 Vi
T
102%
60
100% 101 &
V-
MS
West Shore
88
——.—1969
A
Western Union Teleg gold 4%s
1950
25-year gold 5s...._.....„___^l951
30-year 5s...-.._...__^j->.„i.i.1960
WestinghOuse El & Mfg 2y8S......1951
69%
Gold 4 Vis
5s
1940
■/,
93%
68
54%
1st
•
■>
94
109%
109%
72%
Z'V'
97%
102
*102Va
'
F-A
Westchester Ltg 5s
102
102,
6
•
Q-M
29%
105%
16
102 & 102 Ja
J-J
A-O
■
102
107%
107%
-
,
32
>103% 104
105 Vi
.34%
Washington Central Ry 1st 4S.....1948
Washington Term 1st gtd 3%s_._.1945
29%
56%
15%
■' 5
102% 103%
*50-Vi
14
31
75
100 Vi 100 %
J-J
32%
26'2
Walworth Co 1st mtge 4s__..._._1955
Warren RR 1st fef gtd gold 3%s_.2000
30%
57
■
102%
Vi
39
■
100 Vi 100%
F-A
A-0
,
-
ioo%;
J-J
■
27%
*32
29 Vi
25%
M-S
J-J
; *32
A-0
30%
18%
F-A
F-A
*32
F-A
14
23
25:
-
MS
50
4%
Gold 4 Vis
10-year
San
——
secured 3Vis
—.1946
Fran Term 1st 4s__
:
J-J
1950
101
A-0
1955
South Pac RR 1st ref gtd 4s
J-J
.
%
gold
Southern Ry 1st cons
5s__—1994
Devel & gen 4s series A——1958
Devel & gen 6s——.
1956
Devel
&
:6Vis_.......;
—1956
Mem Div 1st gold 5s_.
—.1996
St Louis Div 1st gold 4s—...1951
gen
J-J
96
J-J
87%
98%
338
70%
89%
82
82
92
'
•
84
,
Registered
...
81
t A Wisconsin Central 1st 4s.....—1949
98
ACertificates of deposit-....—...
5ASu & Du div & term 1st 4s—.1936
151
68%
93%
33
87%
95%
97%
100% 100 %
30
92
101
5
84
100%
30
89%
103%
.74%
92%
-
■
75
J-J
100%
100% 101
J-D
110%
110% 110%
J-J
107
ACertificates
1st &
ref 3s series C—
Southwestern
Pub Serv
.1968
4s
—.1972
Af-N
ASpokane Internat 1st gold 4%s..2013
Stand Oil of Calif 2%s debs
F-A
—1966
Standard Oil N J deb 3s._
2%
1961;
Wisconsin Elec
conv
6s called bonds
106% 107
103
.
50
106
102Vi 103
19"
;
A-O
deposit—..,—
Power 3%s__—
..1968
.1971
92 Va
54
25
91%
*116%
J-J
J-J
59
Af-N
15%
37%
59
56
56
15
16%
*-
79
*108
93
101%
116'/a
18
47%
67%
47%
14 Vi"
65
15%
1
98
23%
26%
109%
..
112%
107
109% 109%
A-0
J-J
88
100%
114'/a
...
108%
54
102% 104%
Youngstown Sheet & Tube104%
104Vi 105
75'TfZT04% 107%
Con v deb 4s
J-J
105 Vi
105 % 105%
21
1st
deb 6s_—_1945
J-J
101%
101
Superior Oil 3Vis debs—
1956
M-N
Swift & Co 2%s debs
1961
Af-N
;:104%
*
105%
14
*105%
103% 103%
100%
;
——._1948
mtge s f 3%s series D
—I960
M-S
102%
102
102%
40
101 Va
103%
M-N
101%
101
101%
23
95 Va
10i'/2
111%
103%
166 %
102%
16
101
103%
101%
100 Vi 10G%
(Jan 2, 1944)
103%
Deferred delivery sale not Included in the year's range,
d Ex-interest,
e Odd-lot sale
included in the year's range,
n Under-the-rule sale not included in the year's range.
rCash
not included in the year's range.
a
Tenn Coal Iron & RR
gen 5s
Terminal Assn St L 1st
cons
Gen
refund
s
1951
5s...
f gold 4s
1944
I1953
Ref & impfc mtge
3%s series B..1974
Tcxarkana & Ft Smith 5Vis A_
Texas
3s
debentures..
ZIIIZZI
122 %
J-J
F-A
.112% 112 Vi
120
102% 102%
J-J
J-J
1950
Company 3s deb—
F-A
iqsq
Zl965
Af-N
*105%
89%
A-O
,
89 Vi
•—
106
106Vi
125
3
,
102%
105%
4
110%
113%
103 Vi
105%
.
90%
105% 106
106%
,
109% 111%
—
101 Vi 101%
92
101%
111%
41%
3
J-D
i—
104%
108%
107%
10
50%
.—.1953
debenture—
Btudebaker Corp
50%
*111%
56Va
102%
..
61
41Va
'110% ■112%
1
*110%
Apr
M-S
of
Wisconsin Public Service 3 %s_
Southwestern Bell Tel 3Vis B—1964
*103%
43
,106%
85
103 Vi 105
74%.
92%
A-0
127
87%
*..'■
104%
A-O
98
84%
■
A-0
101A
96%
98
87
J-J
.
98
58 Va
49 %
t A Wabash Ry ref & gen 5%s A
1975
A Ref gen 5s series B
..1976
A Ref & gen 4%s series C_._..__1978
A Ref & gen 5s series D
1980
49%
27 Vi
;
■
Pacific Co—
(Cent
4s
1947
7%
18
M-S
1950
debentures—.—__________1979
3s
40%
40 %
38 Vi
F-A
—
Socony-Vacuum Oil 3s debs
1964
South & Nor Ala>RR gtd 5s
1963
South Bell Tel & Tel ,3%S...——1962
98%
Apr
Apr
—1Q71
"
.
Skelly Oil 3s debentures
J-J
1981
1991
-
mtge inc 4%s ser B
58
89
94
SNegotiability impaired by maturity.
fThe price represented is the dollar
Accrued interest payable at the exchange rate of $4.8484,
not
sale
quotation per 200-
pound unit of bonds.
iCompanies, reported
as
being in bankruptcy, receivership, or reorganized under
the Bankruptcy Act, or securities assumed by such
companies.
34
105 Vi
106%
•Friday's bid and asked prices; ho sales being transacted during current week.
35
105%
107
A Bonds
selling flat.
Section 77 of
'
Volume 158
THE
Number 4231
COMMERCIAL & FINANCIAL
(CHRONICLE
2069
YORE CURB EXCHANGE
WEEKLY
NOTICE—Cash
and
deferred
week
which
footnote
a
In
following extensive list
Nov.
and
13
in
ending the
to include every
they
RECORD
transactions of the week,
the range for the year.
and when
selling outside the regular weekly
range
are
shown
furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
(Nov. 19, 1943).
It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
we
present
YEARLY
sales in computing
account is taken of such
No
occur.
AND
the week's range unless they are the only
sales are disregarded in
In the
In
the
delivery
Friday
security, whether stock
bond, in which any dealings have occurred during the current
or
year.
gr
STOCKS
New
York
Week
Curb
Last
Exchange
Nov.
Ended
19
Acme
Wire
Co
Low
17
Class
,
B—
Blumenthal
22%
July
Oct
Sep
Bohack
Accessories
Investors
Convertible
3%
Oct
5%
Jan
9
5
J an
2%
7—
2%
2,400
1%
Feb
2%
200
1%
Jan
100
27%
Jan
1%
Jan
3% July
Jan
93 % May
35
35%
(H C)
1st
Electric
Great
Alabama
SB
3
Power Co
2%
2%
300
50
Appliance
93 %
93%
20
72
114% 114%
100
102
.
Southern
»
preferred-
$7
7 7o
—
Alles
Fisher Inc
&
Intl
conv
•
New
Co
110
—
—
25
26
33 >4
preferred.
.
Aluminum
Industries common—:
Aluminium
6'h
2d
preferred
Ltd
Breeze
Traction Lgt & Pwr
Corp
Brewster
Brill
Apr
9
Oil
29
7%
Box
Co—.,,———•
Board
Central
American
33
Nov
class
Convertible
2,500
2,050
106%
Jan
100
13%
Jan
10%
10%
80
78%
83
•
B
•
Co
'
100
•
common
A
18%
Jan
6
50
33%
11%
78%
1
~l
27%.
28%
7%
7%
5%
109
%
Jan
1,700
500
:
20%
160
Oil
American
Am
33
Columbia Power
Class
——'
Class ' A
Jan
8% May
$6
Nov
9%
$5
Jun
35
36
400
15%
Jan
42
34
33
34
100
15%
Jan
37%
Class B~.———-.—-.J——.1'
Class
class A—.
Cyanamid
B
non-voting—
Foreign Power warrants
American
Fork
American
Gas
Hoe
&
1%
1%
38%
40%
}* •? 1%
1%
1,800
Oct
3% July
J0n
Jan
45
July
A
$1.60
Apr
Jan
47% July
3% May
Bunker
12
Jan
17%
Jun
Burco
6,200
19%
Jan
29 %
July
93%
Jan
6,000
12,000
26%
%
50
109% 110
100
convertible
$2
1
32%
American
preferred.
American
Mfg
Co
common.
25
26
18%
16%
18%
112
$5
26
26
36
36
87
87
36
....1
Co
Meter Co
—.
-
—•
1
6 %
46
ZZHo
Republics—
2
Seal-Kap common——
American
American
36%
9%
Jan
Jan
Jan
2374
20%
Jan
13
Jan
..
3,800
preferred
•
preferred—™—
Thread 5% preferred- ZZZZ5
Writing
American
Paper
2,300
200
46
Apr
26%
Jan
Angostura-Wupperman
—
—.
,J' «■;'
Jan
%
1%
Jan
20 Vz
Jan
45
237a
Jan
3
Sep
Sep
12% May
7% Mar
10
1,700
Jan
267s
57%
;
3%
3%
Jan
Jan
2%
_*
4
12%
class
Common
Art
A
•
ZZZlO
——.
Corp
..2.50
new—:
.7 y.11;'
>■
K:
Jan
.
13 72
64
100
is
1057a
Jan
3%
Jan
2%
44%
Jan
2%
108
100
'
Jan
100
1%
87/8
July
—
97%
Jan
3
3%
1,80G
1%
Oct
Fire
—
—
%
—
16
" '
3
3%
8,200
1%
9%
1,00C
8%
Jan
33
Jan
18% July
88 %
Apr
7%
99
77»
Jan
18
17
1%
22
Feb
7%
Metal Works common——_—_5
Oil
Ashland
&
1
Co.—
Refining
900
6
Breweries
of
5%
200
Nov
Jan
4%
Jan
12%
Canada™—•
Associated
Associated
6%
600
7%
Jun
100
1%
13%
100
11%
Sep
20%
18%
24%
81
81
81
39,400
150
5%
Jan
American
dep rects reg——£1
Associated Laundries of America—*
Birm
Atlanta
Atlantic
Coast
Atlantic
Atlantic
Coast
&
—-50
Co
Line
Atlas
~1%
1%
Drop
Atlas
Corp,.—————-1
—.1/
Automatic
32%
*
31
32
Jan
225
%
Feb
3%
28%
Jan
Voting
4%
"1%
122
No"
Oct
84
Nov
2
May
300
1%
.
& Jan
Jan
19%
5
9%
Jan
6y8
7%
Jan
10
14%
14
96
10%
Jan
16% May
82
Jan
1,000
14%
5,600
96%
650
11%
,
500
11%
9%
1%
200
3
3%
3V4
1,900
11%
67«
Jun
9972
Sep
Carrier
Carter
Corp
,% Jan
%
Jan
4% July
Feb
5% Mar
•
Jan
1%
Apr
ie Jan
1%
Apr
3% July
3% Jan
3%
Apr
7
Aug
Oct
300
-'4
74
-V-:
6%
6%
100
.10
6%
5%
6%
1,700
1%
Jan
7%
1
4%
4
4%
4.100
1%
Jan
6% July
:
Assn..
Co Ltd
5
6%%
22% Aug
&
500
4
•
...
.
Jan
5%
Oct
Jan
5%
Oct
:
140
1%
A—
1%
12%
1%
—*
13%
Jan
9%
500
Jan
Mar
22
Corp
common.—.
Castle
(A
M)
7
July
Hudson
of
Central Maine
2%
6%
Central
Sep
Jan
11%
1,200
10%
Nov
3%
400
2%
Jan
Jan
6
~8%
100
4%
Jan
11
July
20%
20%
75
I6V2
Jan
23
Sep
5%
Jan
9
Oct
2,100
19% Jan
26
Jun
7%
preferred.
Rubber
Baldwin
Beau
(L)
common-
1st preferredBrummel Ties
Beaunit Mills Inc
Aircraft
Blauner's
$3
1%
1%
2%
Jan
29%
Jan
Jan
10,800
%
100
9%
Jan
2,600
4
Jan
1%
Apr
20
2%
(E W)
50
4%
50
4%
50
16
Jan
Feb
7%
Jan
7
39%
...
21% Mar
2%
2%
600
•
38
1
com
•
38
%
—1
...
Fdy & Mach Co
13
6%
6%
20
]J
13
6%
'
3%
common
150
14%
14%
1,000
Ridge Corp common
1
optional convertible preferred—.*
1%
1%
.1%
1,300
see
page
2073.
Apr
Oct
6% July
3 % .Sep
50
6%
7'7
common
'
$6
60c
25
July
5
Mar
Apr
Jan
45
Jan
35%
Jan
42
Jan
%
Jan
1% July
9% Mar
13% July
6
Jan
Jan
10%
Jan
9# Jan
37%
Jan
10
Apr
9% July
16% Mar
3
May
50
July
18% Jun
8 %
July
Jan
6
Jan
10
July
114% Jan
116
Aug
Jan
99
3%
8%
♦
3,600
400
96
95
97
84%
270
..
8%
1
8%
100
tii' '
72
_50c
.
sS
'.
.
102
'
w
4%. Jan
4%' Jan
9%
:_5
7
10
preferred
*
preferred B__——_^_.*
—..*'
6%
80
64%
675
5%
7
:
156
;V
'
is
300
iV
P
L
&
Controller
Claude
Neon
Jun
Oct
4%
Feb
Oct
&
Electric
Coal
Aluminum
Utensil
Co__
Plqw Co common™.
Development ordinary
6% preferred
...
ColonialAirlines
Patent
Columbia
5%
Fire
Gas
&
Arms—
26 % Aug
18% May
80%
75
80%
2,500
51%
Jan
98%
Jun
7%
600
4%
Jan
11%
Jun
Jan
96 %
6%
7%
9
48
76
&
t
$3
c
extended
&
Consolidated
Consol G
4%%
4%
to
6%
'■
2,000
ltf
Biscuit
series B
preferred
8% May
8
Jun
22
July
Jan
1
Vb July
Apr
5 %■ Apr
Jan
28% May
36%
Nov
6
Jan
19 %
July
7%
Jan
14
July
36
36%
250
12
12%
1,300
11%
11%
100
100
2
Mar
300
8
Mar
^3
3
3
'10%
,
10%
7% July
Jan
5
Apr
10% July
4%
5
5,200
5%
6%
5,000
3%
Feb
2
2%
2,500
1%
Jan
44%
46%
650
41% Nov
52%
24
4
~
~5%
46%
3% July
Jun
11%
Jan
1%
54%
310
L
1/64
&
2,900
X20%
X20%
20%
250
%
54%
%
1
Co
common..
C
Utilities
9%
1
—:
preferred
series
Gas
Sep
Nov
%
.
36%
25
common
—
E L P Bait
Consolidated
Feb
4
..
9%
100
300
.
Jan
7%
Jan
''60
( Sep
3*2
1%
4%
61%
61
% May
Apr
Jan
27%
5%
109
~4%
4%
Jan
Jun
4%
100
2%
Jan
62%
1,200
56%
Jan
67
July
Jan
121
Jutt
110% Jun
116% 117%
100
100
Apr
11% July
%
1
Mar
July
22
26%
•
1
Jan
Jan
July
55% Feb
1/64 Jan
14
32
—•
*
Jun
92%
5%
2%
100
1946
Coke Secur
preferred
Jan
13
350
18%
1'
Compo Shoe Machinery—
V
4%
300
7%
warrants-
—
Southern
Community Public Service
Community Water Service
Conn Gas
Apr
97%
Electric—
preference
Commonwealth
Jan
73
90
91
90
74%
25
% May
Jan
Jan
£1
warrants—
July
Mar
•
1
—
Jun
8
3%
12
•
Sep
84%
275
100
Colon
105
22,500
%
;8
,*
Sep
Sep
11%
18%
.
Corp
9
9
14% Aug
18%
4
Illuminating
Tractor common
Clinchfield
Club
Mfg..—.'.
1% May
10% May,
10%
1
;
Oct
17%
.1
Inc
Lambert
Cleveland
Cleveland
Co
Jan
Jan :
9% Mar.
109
11%
$7
Lights
Jan
Jan
200
275
94
80%
.
.7
82 %.r
93
81%
.100
...
Jan
Nov
5
2,400
'
Jan
Apr
2.800
7e<
5%'
'5
;5%
7%
200
108 ; i
108
100
$6 preferred BB——...
Colt's
136
Feb
2%
3%
3%
Strip Co„5
10
preferred——
Sep
Jan
Jan
21
Co———1
Metal Weather
Colorado; Fuel & Iron
15% July
7%
3,700
13
pfd„100
Products-
Nov
Nov
3%
400
14%
footnotes
15
2%
2,500
.*
..
Nov
33
•
—
May
7% May
115%
1
1
For
Jan
3%
-100
common
common
*"i%:.
14
—i
—
5%
Cockshutt
14
-20
common
&
Birdsboro Steel
Blue
400
-10
———
Hedges common
preferred
Berkey & Gay Furniture
Bliss
Too
common—
Convertible
Bickfords Inc
1
...
Tel of Canada™.
Benson
7,100'
4
39%
—
...
convertible preferred
Bellanca
Bell
—1
Refractories Inc——
$1.50
3%
39
—1
Steel
com
Cities Service common....
Clayton
3%
-30
Seelig / Mfg—
convertible A common- —5
Baumann
7%
...
common:
4
&
$1.20
Basic
common—
—
Co
Stainless
Barium
Barlow
for
warants
12 %
Aug
Aug
Jan
Chief
Clark
21
11%
preferred.100
Power
Steel
Corp
Childs Co
.
Baldwin Locomotive—
Purchase
12%
preferred—*
$6 preferred—.—.....—*
City Auto Stamping—...
City & Suburban Homes.—
—10
20
Oct
116
112
Jan
15%
Chicago Rivet & Mach
—4
Consolidated Mining——.....—1
Jun
12% Nov
5% July
1%
50%
106% Jan
Jan
Chesebrough Mfg——.____25
Chicago Flexible Shaft Co...
.5
Apr
3%
20 %
Elec
Cherry-Burrell common.——...
8% July
2% July
8%
Ohio
Chamberlin
40 % May
B
—
&
Power 7%
A:rcraft
Cessna
Sep
Charis
Jan
23% May
7% Apr
6%
1
Central Power & Light 7% pfd
Central & South West Utilities
May
Nov
Nov
'
A May
80
2% May
13%
—10
Sep
Jun
8
■
•
America.
Gas
_1
,
102
1
—
.
& Co.
Corp
Central
Jun
17%
38%
•
...
Co common...
Catalin
10
5% Aug
Jan
.*
:
Oct
150
Oct
7,
1.800
'
■
*
—
common
(J W)
Aug
3 %
3
3%
•
.....
1
class
Co
Co
23
Alcohol—
Products.—
Cities Service
Babcock & Wilcox Co—
Oct
13% May
31% May
1% Jun
1
Cased.: Products
■
10% Aug
3%
(B F) & Sons common—,
_5
6% preferred—»:
.—.—.—25
Ayrshire Patoka Collieries.
.—1
99%
Jan
2%
$7 preferred—*
preferred—•
$6
10% July
7
11%
Avery
Oct
Feb
Mar
Apr
25
Carolina Power & Light
Jun
%
5,600
•
Machine—
Oct
Jan
£1
_
voting
non
Carnation
Aug
5%
1%
Products-——
Automatic
Feb
2,100
5%
5
Forge common—:
Plywood
5%
26%
Jan
80
14»/2
50c
Class B
5%
Feb
69%
5%
"1%
Corp warrants-——-—
Atlas
Apr
%
v
1 %
—1
Corp—
Rayon
900
RR Co pfd—100
—1
July
_50c
pfd—
Insurance
Central New York
7
•
Fisheries
Coast
Aug
4% Juiy
15
75
96%
12 %c
5% Aug
Jan
25c
Industries Ltd—
City
Carman
Electric Industries-
Associated Tel & Tel class A—.
Aug
.Sep
22
Aug
3%
preferred—100
Capital
'
6%
July
Jan
3 %
1%
....
Canadian Marconi—
Jan
111
Jan
20
"9%
98
Apr
May
127a May
11%
50
»
.....
Power.
voting—
Class B
Sep
%
2
Jan
99
l7/e
75
12%
16
.
.*
Estate
Industrial
A
Canadian
May
15 %
Jan
3%
:
7% May
14%
-
__
•
dep rets 5%
Tungsten
Class
May
5%
Jan
12C
4
5
Jan
lOo'
108%
Oct
Aug
30%
■
—
Jan
107a Mar
__
pfd—100
Canadian Car & Foundry Ltd—Participating preference
25
1774 July
■
Jan
2
1,200
12%
Sep
12%
119
Feb
75
66%
__
25
Electric
Canadian
Jan
2%
400
-.
2%
7a
600
1%
1%
__
66
4%
•
certificates...
Canada Cement
11 May
3%
■
.
Power & Light $7 preferred.*
Equipment
■
**•
non-voting™
preferred—
Arkansas
Aro
pfd. ZZ100
Natural Gas common-
Arkansas
6%
... ..
22%
Jan
Jan
'
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Jun
Wireless—
Sugar
Camden
5 % May
60
4,000
2%
2%
....1
'
3%
..
3%
4
47a
2.50
preferred—
trust
&
Callite
:
•4
$3
California
Sep
aa
550
14%
Inc
Calamba
Jun
2%
8,500
105
12
.
2
61
5
_
Sullivan.
&
American
Oct
5%
1,400
3/8
104
14%
ZZZI2
—..
1
common
preferred
Hill
Cables
39% May
89% Oct
,'■■■
75
10%
IB
104%
•
common
Post Fence—
.'
is
$6 series
Anchor
Jan
7%
3,100
—
.W;
.1
preferred
1st
Voting
Sep
Feb
80
20
;
•
$6
1st
11%
800
4
13%
Cable Electric Products common
July
1972
•
25
50
-
28
Jun
25%
100
'
Superpower Corp common—•
American
2,700
10
4272 Aug
13%
25%
9%
Feb
Sep
28%
:
.
'
American
18%
Nov
%
July
33
24%
•'
Jan
100
.
45
1 %
•
100
"'7.
\
%
V
•
Chemical.—.
&
Mar
97<
.
preferred—
dep rets
Burry Biscuit Corp..
Butler (PA) common.
'
Potash
American
2
.
Burma Corp Am
July
450
'■■■1
...
—100
Maracaibo
American
17%
„
3%
200
33 7.,,,
17%
26
—100
Preferred
American
32%
.
25
———.
-
•
17%
-
20
Laundry Mach—
Light & Trac common. —.25
American
5
5
Rubber Co—— —.25
American Hard
6 %
Corp
convertible preferred
$2.50
/
common. ..10c
1
preferred—.
General
Jan
*
—
'
American
%
9%
3V2
..1
Buckeye Pipe Line
Buffalo Niagara & East Power—
%
36%
15
25%
26%
.—10
—
100
10s
class A
(E L) Co common
Bruck Silk Mills Ltd..™
July
150
15
.*
Electric——
&
Apr
1
.7:
pfd
(unassented.)
*
prior preferred——.—*
37%
.
common
preferred
4% %
1%
39 <4
.10
.10
American
9
22%
97a
£1
Bruce
36
'
American
Jan
9%
£1
Brown For man Distillers™,
4%
5
25
U
Jan
2%
Ltd—
Fence & Wire common——
mown
Mar
...•
dep rets ord reg—
British
2 % July
Jan
Celanese
Amer
Sep
Co
dep rects ord bearer..
dep rets ord reg
Am
Oct
—25
A_—
is
700
Tobacco—
British
Oct
Mar
120
Jan
100
5
28%
100
Nov
1,200
American
Nov
& Light-
Power
2872 May
Jan
6%
17%
3%
•
British
115% July
103%
Mfg————-1
class
10
i00
A
Brown RubDer Co
Cities
American
82% July
Jan
6
'
Mfg
Class
Apr
33%
common—1
Co
18%
*
preferred
Brillo
Mar
18%
.—7—...........100
Book
American
Apr
23
*
Co__
....
Corp
Class
Oct
May
28% Mar
128
111%
18%
American Beverage common——1
American
46
50
1
1
1
120
200
97a
.
*
common
Aeronautical
Bridgeport Gas Light Co
Jun
33
•
•
common
11% July
6%
6%
*
Bridgeport
Nov
23%
850
18%
Mfg_
preferred
Feb
9%
100
Oct
3%
,
Apr
Jun
111
111
100
.....
Goods
37e
•
common
1st preferred
$5
Jun
104
200
107
.25%
104
common
common
6 %
15% July
100
75
7%
Hi?*
Jan
IV2
26
Nov
110
Oct
4
24
—
Aluminuin
Low
6
7%
—
600
72
Bowrnan-Biltmore
Range Since January 1
10 >.7
26
105%
Jan
Apr
3%
—
10
common
Shares
9%
*
British
Aluminum
9%
100
114%
Jan
91%
20
104%
*
Investing $3 conv pfd_
(Mich)
A
104 %
1
common
Products
Class
104%
100
Allied
Co common
Preferred
preferred
Allied
•
__25
Steel—
Ludlum
& Co
for Week
High
■
•
preferred
Allegheny
Range
of Trices
Low
preferred
Brazilian
Air-Way
Alabama
(S)
Sales
Scrymser Co
Bourjois Inc
3% July
35
7
Last
Sale Price
19
Borne
July
8% May
4% May
2 Vb
10
7%
5% May
200
:
2%
2
preferred
700
6%
'
«...
50c
Corp
common
4
6%.
6%
1
(NJ)
■
.
Exchange
Nov.
Week's
Par
26
3%
4
5
common
Inc
-
~
Curb
Ended
Friday
High
Feb
20
■
—
-
Mfg
Associates
Aircraft
...1
York
Week
Range Since January 1
Hiah
10
common
Supply Mfg class A
Ainsworth
Air
Shares
of Trices
Low
'
Aero
Air
New
for Week
Range
Sale Price
Par
STOCKS
Sales
Week's
Friday
110
4%
50
111
20
103%
Jan
2
Jan
1,800
5
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2070
Monday, November 22, 1943
NEW YORK CURB EXCHANGE
STOCKS
J9
Nov.
Ended
Week
Range
preferred—————
Consolidated Royalty Oil-Consolidated Steel Corp——Co——
-10c
1%
200
9%
3,400
2,100
12%
11%
12%
39
*■
Atlantic
Apr,
77/s May
%
3,800
a3a
Jan
/ff Apr
1%
700
8
Apr
10%
% Jan
Jan
20%
common.—.———
Jun
Glen: Alctei... Coal
Godchaux Sugars
M
Jan
13%
Jan
26% July
5%
'
,
Jan
15%
4,600
26%
25
Jan
1%
*4 4
4%
9%
100
2%
9%
!250
1A,
Jan
;
•
500
"%
9%
6% Mar
10%
11
17%
11,200
25 la
Sep
V* Jan
6
Feb
IVa
Apr
200
*
Lighting
Curtis
Inc common.
Feb
3%
1%
Sep
3
Mar
10
4 9
.—5
(Mo)—
Curtis Mfg Co
1%
2~50
7%
*
Mines.——1
class A.i
.
99
,
Gulf
:■■ ■,
•
Apr
$6
preferred
18%
18%
Ill
Jan
20
Oct
24
Nov
19%
Jun
11% Jan
24%
Jan
34%
.Dcjay' stores—————————- ...1
Dennison Mfg class A common— —5
..50
$6 prior preferred—
3%
Jan
6%
Hall.
1%
60
96
■'
300
51
29%
40
-
30%
6%
83
140
140
Jan
56
Jan
31%
Oct
Jan:
5%
Apr
9
Oct
3% Jan
175
67% Mar
50
127% Mar
1%
Jan
130
62 %
Jan
79%
July
27%
Jan
36
; Mar
7%
7%
200
5%
Jan
410
1%
Jan
111% m%
2C
102%
Jan
114
Sep
107% Mar
116
Nov
..
;.
.
111% '
116
116
:
100
;V
Apr
4% May
4% Mar
.
6% Sep
100
x8%
Jan
13
19%
Apr
Mar
18
NOV
6
.
4%
"i'v!
'4
5
Feb
25
Jun
Jar,
50
2
May
May
17%
42
-v-';
:4;'
*1
Nov
iff Jan
1% Aug
;io;
'
Jan
5
8
Ltd—
~1%
'
2%
:
2,600
400
2%
3%
Hat Corp of..America B non-vot com—1
Apr
i7;ioo
6
Co
26
26
26
100
7
Dept Stores common——L—5
3%';"
3(2
;
100
1%
6%: convertible,
Helena
6%
■
"6%
6%
..Class A———-i.--'.————-wJ*::.',
,
%
3
u
3
Jan
2,300
2
1% Mar
Jan
%
500
3%
/8';
Co common... -1
4% May
Heller'
Jan
46
Jan
7% Apr
100
6%
Jan
9
Jan
11% May
11% May
6
De Vilbiss Co
.10
common
1814
22%
30
11%
-j*
common—-.—...
11%
Co
4%
Truck common—— ...1
Dobeckraun
common—...—. —1
Industries
class
A
200
10%
3% Jan
7
Jun
5%
Jan
11
Oct
Jan
6% May
21% Oct
21%
Bridge Co Ltd———...
Dominion Steel & Coal B—«—
Corp.
Draper
.25
...lio
Jan
72%
Duro Test Corp common.———
150
73
2
10%
Duval Texas Sulphur———...
2
'
'
100
V
10% .10%
76
Jan
66
Jan
4
14%
14%
100
21%
800
20%
Nov
22:;;
23%
,600
15%
Jan
5
"'V9%
9%
x9%
1,900
3
Horn
Baking Co
Lead————i
Richer
Eagle
* ;
Gas & Fuel Assoc common—
East
10%
xlO%
1%
11%
1%
2,600
500
1%
% prior preferred————
I100
58%
58
58%
.100
31%
30%
32%
12
425
preferred———........
4%
1,075
6'to
Eastern
States Corp..——..—.
preferred series A—
ji.
preferred series B—
Associates—
$5 preferred v t, C—— -.1
Easy Washing Machine B_—
Economy Grocery Stores——"
Electric Bond & Share common—5
$6
—
'l'tf.,'.
^
warrants-
■
."ttf
4v; 4
100
'4 "Itf
■
21'4
,4;,
——»
*
26%
25
Jan
30
25
10%
Jan
29% July
July
.4;414
4%
42
31% Jan
75
Jan
6%
14%
Jan
5,800
42
Jan
87
82 Vz
87
14,400
53
44
55
2,750
1
700
a4
Jan
8%
400
5%
Feb
9
4
"7%
2,000
100
*
101% 101%
100
1
15
62
Jan
4%
Oct
July
Sep
101%
41%
Nov
6%
—
;]ii
1
29%
30
125
5%.
•;
,
35
16%
17%
Jan
5%
34%
8
Jan
18%
v
t
c
■7%
NOV
International
Machine
Falstaff
1% Jan
12%
12%
200
14%
15%
1,200
2
Association
Light $7 preferred,
Power &
29%
.10
(Phila)—
Jan
13% Nov
24
57%
103%
101% 103%
Industries
Am
dep
rets ord reg——
■
Class
B
voting.
Motor
Ford
dep
Arner
tux
£1
—
4
,
4
'
of Francej—
rets
(Peter)
——.
19%
19
15%
300
■■■
Jan
Jun
Oct
9%
Jan
16%
Apr
11%
11%
1,400
11%
12
10
—
9%
40
42
:43%
20
1
1 %
2%
3.700
20%
6
15
■
~3%
~4%,
18%
18%
550
1
11%
12
450
convertible
i...—
_i„—,
11,500
.
Mar
3
83
350
69%
15
300
12%
Jan
6
7
1,500
2%
Jan
11% May
1%
Jan
4 814
Jan
6%
1
"
'
3
1
3%
,3
A—*
1,100
4;.;
4-.: 4
"■
.7
18%
4,900
17%
17%
200
6%
13%
14
'.4
,
+
,
9-
29
Jan'
Jan
Jan
45
'
100
III
1 %
Alloys Co
L—
Gen Electric Co
Ltd—;
Amer dep rets ord
reg.—. —£l
Gen
las & Elec
common
$6 preferred B__
Fne footnotes
see
page
2073.
—1
70
73
71
General
Fireproofing
ft
■'/. 1,200
'■ L
1
7%
—
-7%
-7%'
n
Nov
3%
Jan
,8,.,
,'V
•
-
>1%
Feb
24% Jun
Jan
10%
%, Feb
860
"■
,17,%'. 17%
1
45 AUg
Jan
1%
700
'4V." ,'ft
,:
ft Jun
12414 Nov
Jan
21%
6Va
■"
Jun
1% May
17% Nov
Jan
1
200
4
f.
,
July
July
9%
Jan
32
,50
45
».
21
tV Jen
4.200
24%
ft
10%
.
;
»
•
25'
800
7%
21
Jaa
•.3V»
July
30% Apr
Jan
y8
Nov
1,500
Oct
ft July.
>
14% Jhn
2
Jun
6
July
Aug
4%
,-2%;Jan;4':'
Mar;' f, "20%
•
common
General Finance Corp common
5% preferred series A
:
45
'; 15
,
v
'
,
44
64
Map
Sep
Mar
Jacobs
Jersey
■
4.—.
%
1%
lii
;
900
7% Mar
68% Jan
1
200
Jan
% Jan
preferred.—.!———_—.,100
preferred...
^-
.
"3%
500
Jan
2
Jan
7% Feb
14
14
111% 112
100
20
Xl3%
90
Sep
Apr
4%Y;'v?4.4
>
Jun
1% May
13%
Sep
4% May
8% July
16%
116
Apr
Nov
41
100
66
6%
Jan"
1
.Jan
69% Jan.
80
79
140
100,
•
2% Jan
200
Jan
13%
99.
100
—100
10
July
82% July
2%
900
1,100
——1
Jan
* 2%
.
Jun1
Jun
89 5.' Aug
! 971
Aug
.
>
102%
Oct
19% Sep,
K
Kansas Gas & Elec 7Sfe. preferred—.100
Kennedy's. Inc
.5,
Ken-Bad Tube & Lamp A
!
*.
,
...
9%
"3%
-10
■
Central-Bwr&jLt 5Vzffr pfd—100,
6 7a
~2Va"l': 3%'
.; 4fa
_j .,4---41%;
,1%'
84% '85%'
_4 V ;
89Vb 92
.;
Co...—.1
Jeaimette Glass Co—
Apr
July
Aircraft Engine. Co__—^——._l
Jacob's. (F L)
7%
General
•
■
3%
900
May
21% July
Jun
% Mar
400
17%
15%
15%
5
14%, July
Jan
6%
-
1
%'
Equipment.—.——!
Julian & Kokenge Cot
Gatineau Power Co
'ilVtM.
Feb
6% Nov
2,300
17%
6%
18
.
Jun
42
..
.11%
preferred—... 100
5%
preferred
L__
Gellman Mfg Co common
Oct
Aj
Jun
22
48
Jan
Jan
15
Mills—;
*
Interstate Power $7 preferred—
Investors
Royalty—!————.1
Iron-Fireman Mfg voting trust ctfs__.*
Irving Air Chute——4
—1'
Italian Superpower.
May
Jan
%
82
82
22
Hosiery
Aug
Sep
45% Oct
1% July
38% July
87% Sep
16% Jun
preferred—
Home
21% Sep
Jan
1% Mar
100
Distilling!-————1
Co
(Geo AI Co
$3 conv, stock
prior
Interstate
112
Feb
'
——50
———^.'*
Jan
15%
—10
B—:
10% July
24
91
30
40
Jan
Jan
20
300
9%
'J' ',-4.
; 2%
-S
Froedtert Grain & Malt common—,—1
Franklin
■
15% July
15 % July,
Jan
16%
9%
"
bearerj.———...
Brewing Co
Fuller
Class
Jan
9f'8
800
Oct
7% July
5% Mar
.10
Inc
Products
Interstate
104% Aug
16% Jan
25
Sep
>
10
12
Petrolehm coupon shs—*
shares—...44——*
Oct
70%
3% Jan
700
19
19
19
.....
,
$3.50
Motor of Canada-
Class A non-voting_r_
5
45%
1,050
$1.75 preferred—
Ford Motor Co Ltd— ;
Ford
Jun
Jan
IOV2
—.4—-
29% Nov
Nov
81% Jan
225
,
,
July
6%
43% Jan
Cp... .25
9Va
Jan
11%
International Safety Razor B
?
International Utility Jclass A———♦
Mar
3
Jan
7%
10
Apr
4% Jun
Jan
1
10
International Minerals and Chemicals—
10%, Mar
6% NOV
15
1%
15
Federal Compress & Warehouse
Florida
1,000
8,500
—;
Metallurgical—
Fedders Mfg Co1
Fire
-6
,' •
......
Fan steel
■
1%
2
22% Jun
3
"■
7
Jan
25
10%
——♦
International Metal Industries
Registered
.1
8%i July
1,700
,
—100
series..
$3.50
International
Engine & Airplane.—, .1
.1
Brewing..—.........
Oct'
5% Mar
2.300
44%
8%'
Hydro Electric—
Warrants
Fairchild
Jan
2,000
3%
41%
common—1
preferred.—!..
International
Fairchild Aviation..—
Jan
83
4
3% Jan
5.800
_£1
Preferred
Sep
7
Oct
•
50
Apr
20% Jun
Jan?
5%
'■
1,300
.
!)%
;■
3%
44%
—*:
International
Jun
Jan
400
1%
,
~8%
8%
-
3%
1_.—
International Cigar
May
2V4
1,600
27%
US Vi. Aug
Jan.
3
1,600
M(ar
'
50
...
Insurance Co of North America
1% July
25%
■45%':5'
7%
12% May
Jan
22% Jan
;' 'St*
::17%
Jan
;i4
51,900
..
.
20
8%
1__L_
Co—,—i.——
21110
Industrial Finance
Nov
Mar
29
'Af.llS
60
500
1%
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred
——100
Tib
preferred..
—..100
9% May
Jan
Feb
88
400
6%
20
ctffe
arrear
Ireland
July
31
Jan
26
5
Equity- Corp common.———,—
10c
$3 convertible preferred—
1
Esquire.' Inc.—.——1 ■.
Eureka Pipe Line common.—.—4-50
Eversharp Inc common..———.—1
88%
43% Jan
7
,3r«
6%
Imperial Chemical Jridustries—:
Am dep rets regis.!
.£1
Imperial Oil (Can) cdupon—.__—.*
Registered —
—.———*
Imperial Tobacco of Canada,
—5
Imperial Tobacco of ; Great Britain &
2% May
82%
%
.
preferred
conv
Illinois
9V2 May
82% Oct
2%
600
77
—
Electrographic Corp.
Elgin National Watch Co..
Emerson Electric Mfg
Empire District Electric 6% pfd
Empire Power participating stock
Emsco Derrick & Equipment
54
Sep
2
.
773«
3%
.
'
■
Jun
Apr
80,400
■
~6% ~7%
.
Feb
1
76':
77%
3%
4% Aug
105^
108% Apr,
14% Jan
Illinois Power Co common..
Apr
12
~7%
23%
575
26%
*
.100
Mar
34
"?
103%, Mar
Hardart—;
Dividend
37%
'■
3% May
l
1% May
10%
'
36%
Jan
■
JUn:
July
26
% Jan
25
21%
25
6%
Jun
82%
preferred...————,———i——1
$G ' preferred——————*
Electric Power & Light 2d pfd A—.—*
.
'
Option
'
21%
.
Eastern Sugar
$5
;
2114
'/
38%
Jan
20
;
$7
Jan
19% Jan
Malleable Iron.—.—... -25
Eastern
2% May
59% Apr
Jan
42
11% Sep
Nov
29%
•
Jan
16
(Harvey) Inci__——.5
Humble Oil & Refining.^...—
Hummei'Ross Fibre Corp—^'..5
■Hussmann Ligonier
!^4— ...f—4*;
Huyler's common—|——.1
1st pi*eferred
;i_—.—— 1
Hydro-Electric
Securities..—
*
Hygrade Food Products..-...-—-S
13% May
7% Jan
Jun
32% July
'
.
-10
15%
24% Jun
,
:
'
'
Hubbell
liy* Apr
Jan
8
',400,
:
'14%
Jun
27% July
14% July
.
7% Jan
*
common.—
Co common———
preferred
5 7c
■
Ci
(Geo A) &
(A C)
Horn & Hardart
150
,
*
.t—_h*
Inc
Horn. &
July
9%
Ufa Jan
20%
Hormel
Mar
Jan
22% Jan
21
■Border's
Apr
2%
100
23%
& Co class A—
Consolidateji
Aug
Jun
41%
Y.
■■
IIIl:
27%
10
.
73
...*
^Durham Hosiery class ;B common
8%
27%;;
—
Hollinger
G M
Holophane Co common—
9% July
78
31%
Jan
24
'Duke Power Co——
,
Jan
7% Nov
56% Jan
————
Driver Harris Co....———
Oct
300
5
9%
10%
com
Dominion
•
12%
Sep
2
Divco-Twin
Domestic
10% Mar
Jun
9
8% '
Hoe (R)
30% Mar
.22
preferred———. —10
7 7o
Sep
50
*
Diamond Shoe
21%
1414
200
11%
18%
Jan
10% Mar
17%
22%
Products.———— —10
,11 ,4'"'4;50
11
common..—2
Co
July
4%
Preferred.
—i—j..—4,i_25:;
Henry Holt & Co participating A__
•
Hewitt Rubber 'common—.—i——5/
Hey den Chemical coirimon
.2,50
.
May
3,000
9
9
Rubenstem—*
Nov
6
Jan
31
preferred—.50
Mining Co.—]————._25c
Nov
*33 % May
4% May
-
Hearn
Hec»a.
July
2%
Jan
19% Jan
.
'
Detroit Steel
■
85% July
140
450
.7%
Hazeltine, Corp.—.•.
Jun
12
—20
——
Detroit Mich Stove
July
31%
Rayon voting trust ctfs
1 ~
Brewing Co%^!._._.——.1
Harvard
Mar
75
5%
& Mfg—— —1
Gray Iron Foundry—— -1
Detroit
r
Oct
4% Aug
Feb
300
x81
Mar
% May
33%
22%
3%
200
7%
.
108
Jan
July
27
200
4%
.4%
18% Apr
40
July
12% Jun
,'
;
Jan
»f»
1%
Paper..]—_10
Electric Light
25,,
Hartford
July
73
convertible preferred—
Bridge
Hartford
Jun
72
111
Feb
12
5%
Derby Oil & Refining, Corp com—
preferred—
4%
Jan
Jan
50
110
debenture————————— .100
tamp Co—.!.
Hamilton
Oct
6%
Jan
31
Hammermill
Nov
A
Jan
Jan
Oct
Sep
May
Mar
Jan
15
25
100
15%
14%
8%
1,000
24
..24
-
Rubber Mfg
Detroit Gasket
12%
,■
>51
52%
10%
13
Apr
26%
I
A
.
.
11% Nov
:;,r:
31%;;- X30%
--,4"-.
•
4.
Alabastine
3*3
i,'
Jan
Feb
25
'100
,99
,,
Jan
■:
6,100
>.
^5.50 pfd-———•
..._i——■
Gypsum Lime &
Nov
5%
.
--
Paper
Utilities
States
15%
374.%'-,37. y,;
,
s
preferred_i—__.100
1st
14%
■
'
Sep
Sep
100
4%
4.4\
25
Greenfield Tap & Diei-——...—-i—1*
Grocery Stores Products common..25c
July
..35
87c
4%
112
Jan
100
300
Jun
8% Sep
43%
Jan
*
45
""9%
"9%
:
112
H
18%
—5
;
Class A convertible—
,::
250
76
-
.
'>,4''''.';
Darby Petroleum common
Davenport Hosiery Mills
■
111
:
Jan
1
May
2% May
July
•,
Jan
31
,._4
v":44: y!
D
Dayton
Jan
;
Jan
103%
Aug
-
V' 2,
% Jan
52%
100
89%
preferred—
—• ' :' 51
Gorham Mfg common..—
10
30%
Grand Rapids' Varnish
i—1. 44 %4,
Gray Mfg' Co.——-_i.5
6ft
Great Atlantic & Pacific Tea—.
^
Non-voting common stock
*
83
:
Great Northern
15'% Apr
22%: Jun
Feb
11
.
■
Oct
Jan
Jan
'4
4-4300
'
42%' '.■V.-'-'V 425'-''
42%
,
110
,
$3
2% Aug
U
400
16
17%
5
T»
■'
Oct
19%
2
2%
111
Mfg. Co—50'
Gorharn Inc
Sep
4% July
4% Sep
Jan
2%
600
July
10% July
2% Aug
Ui
Jan
8,300
H
9
30%
74% Nov
3%
",
•; 15 %.
• ■ 44^^
:
Goldfield
82
Jan
11
class A
preferred.
Consolidated
$7
•
v-
Goodman
25%
200
.,72.
;
,Class./ B.._——.*
3 % May
175
22
69
106% 106%
Gladding, McBean & 'Co.—
2% May
Jun
Jan
30;
% May
~3%
9
•
High
61
280
n
..
•
Co.
;
>
42%
•
•
*
V",,;20 4
44
.
,
;i
..V
*
Preferred
Gilchrist
90%
3,700
2'4
2
2'4
22
lis
Sugar—t-——
Tobacco
15% Mar
41
Jan
preferred—.———
Range Since January 1
Low
75%
474%-74%.;
1%
71
.
Shares
High
75%:
.
4
—
1
•
pfd A—100
Georgia Power $6 preferred.
$5 preferred
Gilbert '(A C) common
Nov
79
—25
preferred—
*'
Crystal Oil Refining common—
-10
$6 preferred--——:—
Cuban
13
$3
15% Mar
Jan
Sep
"1%
•^convertible
Cuban
Jan
•
4%
,4. %•■•;■'
Co—.——-— ...1
Crown Drug Co common————
Nov
36 %
100 '
Liquidating Co—
Crowley, Milner & Co————
Crown Cent Petrol (Md)
«
Crown Cork international -A——.
101%
400
~i%
"III
Creole Petroleum—————— -.5
Croft, Brewing
:
74:.%'":
General Rayon Co A stock.—.—.!*
General Tire & Rubber 8%
5%
>■■%,
$8 preferred A—
"III
Cosden Petroleum common
-50
5 % convertible preferred—
Courtaulds Ltd—
American dep receipts (ord reg), ,_£1
C W
100
General Shareholdings Corp com
$6 convertible preferred.
—
8% Jan
1,000
39
5%
i
Corox' Inc —
cor? ,on & Reynolds——
pfd
Oct
9
15c
'
Low
Service $6 preferred^*
Sep
9%
400
8%
8%
8%
5%
——-«*-
Public
Sales
for Week
Range
of Prices
par
Gen Water Gas & Electric common...1f
39
Copper Range Co————-
" ; /"•
4%
,
Jan
76
50
100% 101
101
izy
Cooper-Bessemer common-——-—
$3 prior preference.
.
NOV
2% May
3% Aug
*'■
Varnish Co
'''
Last
Sale Price
19
10%
5% Jan
3%
I''1
•
General
7% July
Jan
1%
8
3%
1%
1
Continental Roll & Steel—.—-——
Cornucopia Gold Mines
112
py»
Cb-?~
.100
prior preferred-.——-—
7%
Jan
107
30
1
Nov,
General Outdoor Adv 8%
Mar
41
31
3%
-10
——
Continental Gas & Electric
Cook Paint &
200
112
112
Jan
3% Jan
575
6%
6
.100
8 %
33V8
31%
33
Consolidated Mining & Smelt Ltd —5
...1
Consolidated Retail Stores———u
High
Low
Ended
Week
Week'*
Friday
New York Curb Exchange
Range Since January 1
Shares
High
Low
Par
Consol Textile
for Week
of Prices
Sale Price
STOCKS
Sales
Last
Exchange
New York Curb
Week's
Friday
Key Co common—
i
:
..4
*
Kings Co Lighting 7% pfd. B
100
5% preferred D
i
;
...100
Kingston Products i
1
Kirby Petroleum..—j.
__j
9
,
.
4
—
20
9
300
41
40
~8%
2:,+
Jan
Jan
5%
4
41
.
121
115%
'6%
121
5%
,
39%
,2%
3%
'
2ay
3,000
3%
100
'
.
Jan,
Sep
123
May
9% Oct
14% Apr5%
Sep
Oct
45
July
55
32
Jan
41
Oct
Jan
4
Jun
1%
5% July
Volume
Number 4231
158
THE COMMERCIAL & FINANCIAL CHRONICLE
STOCKS
New
York
Week
Curb
Ended
Week's
Friday
Exchange
Nov.
Low
Klein
(D
Erail)
Co
8%
8
Apr
9 Vfe
Apr
4Va
Jan
200
—
—
•
10
103
100
102
;
13
10
Co
1
7%
—
Vfe
4
Nebraska Power 7%
Oct
9Va July
Jan
100
7%
Oct
12
Feb
10
10(474 Oct
19
8 Vfe
Oil
Co
Sales
Range
for Week
of Prices
Loxd
12%
111
20
10474
Feb
5
*
Power Associates
—
4%
■
•
England Tel & Tel
New Idea
Clock
3%
Jan
200
7%
Nov
11'A May
17a
Jan
6% Nov
1
Jan
■
Inc
46%
725
...
New Process Co
107
107
107',%
18
100
Lakey Foundry & Machine
Lamson
Corp
32
29 Vfe'
32
480
20%
Jan
39%
Jun
1
;
12
1074
12
6,200
8 Ma
Jan
14%
Apr
„
Vf
27 b
17*8
/■■/ 3' V
5
2,900
~.97tt
Nov
6
Mar
Feb
105
55 %
54%
974
200
Y
2%
2%
2%
City Omnibus warrants
N
Y
&
N
Y
10
100
1%
100
11%
19 Vfe May
1%
Apr
Jun
N
Jun
Merchandise.
N Y
Y
Power &
$6
Jan
2l7o
54%
Nov
68'A
Mar
l'A
Jan
4
July
Jan
31
400
,/
22
■
Class
B
Lelcourt
2%
...*
Realty common
preferred
1
Convertible
Oil
(R G>
—
1
16,600
Vfe
1,300
ife
'
-T-
Vfe
25
~874
~T%
"874
25
Inc
25 Vfe
Material Co
Lipton
Lit
(ThoS J) Inc 6%
Brothers
Loblaw
150
113
113
—
10
8 Vfe
18
Jan
102
j*•
Locke
Steel Chain
127a
Jun
24
24
Jan
24 'A
Oct
100
171/2
.%■ Jan
150
18;% Oct
12,74 Jan
Lone Star Gas Corp new common——10
•ife-''/'
Long Island Lighting common...;
I'/o preferred class A
100
52
51
52
100
50
48%
507a
2,325
6'A
674
6,600
108 %
108 %
10
•
—_
Jan
113
Nov
95%
Feb
105
July
600
12%
Nov
23
May
10
102'%
Jan
140
3674
Jan
—
6%
preferred class B
Louisiana
Land
&
Exploration
Louisiana Power & Light
Lynch
Corp
1
$6 pfd—_
6%
*
5
common
20'
Jan
52 Vfe
Oct
27a
Apr
Noma
Mines
$6
Jan
Aug
convertible
$5
Mapes
preferred
Marconi
29 Va May
International
munication
Jan
2Vfe
Jun
2%
•
Jan
6%
Jan
90
26;
Jan
35
•
4
Hi
3%
a
American
Jan
Central
Penn
*
-
24
Warrants
Aug
6% %
140
3%
Co
Edison
Jan
87a
Jun
iu
Jan
47a May
8;
Jan
137a May
40
143
125f
700
3%
3 Vfe
«
45
4474
250
1%
Jan •
.
2%
-
x150Vfe
Sep
4'/2
Jun
Jan
2i:
Jan
Oct
52
Jan
87a
Apr
Jan
1 Va
May
Jan
112Vfe
2,600
It
Jan
2 Vfe
■
%
7*
/.4
Ohio
■ »V
.
t c_l
v
$2 conv preferred—*
8%
;
■
'
150
i
"..
.-
5 Vfe
100
6 Vfe
7%
900
1 Vfe
87fe
9 Vfe
9%
*
•
674
%
Jan
Apr
17a May
5% Sep
774 Mar
4% Mar
6% July
■
x3l%
Jan
8%
Sep
f%
Jan
2
Jun
2,700
4*%
Jan
100
9%
9%
Mar
8
97a
Oct
Feb
18'%
18%
20C
15,% Jan
21
237 s
24%
247a
525
23%
35 %
Apr
2 Vfe
Apr
87a
Jun
Mid-West
■1 Vfe
Co
77-4
&
Supply.:
Refineries
:
1%
7 7 fe
•>
Mining Corp of Canada
100
.
1% Jan
6%
Mining & Mfg
Minnesota Pwr & Light 7%
-
Jan
97!
2 Vfe July
1%
a
500
1
2 Va
Sep
350
49i
Nov
59 74
Mar
97%
49
pfd—.U00
Mar
51%
-1%
1%
50%
"10
90i
Jun
97 Va
Aug
Apr
"
{
100%
*
common
Mock Jud Voehringer common
2.50
'*■
l'3'A
87fe
Monarch Machine Tool
3
2%
3,400
800
3,400
Utilities
*
•
8?
Jan
"13%
4;7a
Jan
xlA%
J%
Nov
Jan
57s Jan
-—10
Montgomery Ward A
Montreal Light Heat & Power..
Jan
ll/j2
Aug
18% July
1% Mar
Society A
Dakota
Montana
/
3
common—.—.—_1
1'
100
16%
9%
.1
Pictures
9 Vfe
X1474
Molybdenum Corp
Monroe Loan
13 'A
13'A
Jan
57a
Mississippi River Power 6% pfd—100
Monogram
167
.
July
21 % May
4
Jun
17a May
8
Nov
180
Jun
171
167
;
13
Nov
16.
40
163'
Apr
16
/.:•/" 500
16i
Oct
23'A
Jan
33% July
.
Sep
iInvestors partic pfd
Moody
•
Mtge Bank of Col Am shs
Mountain City Copper common
Mountain
States
—5c
Producers.
Mountain
.10
Power
•_*•'
common
Mountain States -Tel & Tel
■"*174
a*.
—'
:l'Y* ~1:,4
r
*
.
19 V4
...
2 Va
2,100
700
6
19%
>'■; i8'%
•132Vfe 132 Vfe!/'.
..100
Muskegon Piston Ring..
574
■
450
30
27'%
—
Murray Ohio Mfg Co............
10
•
20%
life
11
11
50
5%
5%
v.
—'——100
■
300
~~'*i
Jan
4% Jan
13% Jan
112%
91
';i'
11
250
'
Muskogee Co common
d%
preferred—
preferred
7%
.
1st pfd.
Jan
2
Vfe Mar
67a
20
132Vfe
Jan
15 VA
10% Apr
4% Jan
57 i
Jan
107a
Apr
Aug
Nov
Jun
14 Vfe Mar
$3
National
*
Bellas Hess common.—_1
National
Breweries
1
$5 Vfe
v 13
1%
1%
200
10
6,900
common
Jan
j
A Jan
25t
35
50c
35
100
May
35t
25
____
City Lines common...
convertible preferred
Nov
18{ ' Mar'
15%
.2
National Fuel Gas
Overseas
Power & Light
Steel
Tea
Car
5%%
Ltd
....
Can
Gas & Elec 6%
5 Vfe Vfe
Co
1st
Tunnel
National
Union
For
Power
Pacific
see
Feb
6
Jun
Jan
104
Aug
X
102 % Mar
111
Oct
8
'A May
4 Vfe
Jan
30o
1674
Jan
July
Mar
Apr
27 Va May
page
2073.
5,000
2%
Jan
75
20
17%
Jan
91
Jan
160
112% 112%
40
106% Jan
115%
20
115
115
108'% 108 Vfe
107
Jan
118
Oct
25
103% Mar
112
July
57a
57fe
100
5%
Nov
15'%
1874
19
400
1674 Aug
19 7 fe
Apr
54%
5474
100
48
Jan
55 V4
115'A 115 %
GO
110
Feb
July
May
115'A
Jun
8
374
Jan
8
Jun
3%
7
50
Jan
7%
Jun
July
11
11%
12
Apr
101
7%
10%
3,800
8%
Jan
200
2%
Mar
10%
17
*
60
87%
Jan
300
3j% Jan
300
6%
Jan
10%
100
10%
17%
800
8
4'/a
102
Sep
12%
1 Va
3%
127'a
.
13
1,300
lVa
1%
2,400
2'A
3%
3,000
Sep
May
Nov
12%
9%
Jan
21
Jan
Nov
May
8% Apr
Jan
11
1 Va
""
July
8
13
7!
10-
Feb
87a
7%
Jan
14Vfe
357a
35
35Vfe
1,200
31
Jan
367a July
32-7a
327a
300
28%
Jan
33 %• July
70
102%
•
pfd
107
100
99
107 VA
957+
110
99
—_•
Corp
■>.%
110
Oct
99'
Nov
%
3/<
137a
Apr
Nov
2%
Feb
47a
Apr
To
5%
19 %
1574 Feb
7274 Jan
7%
1
Jan
374 Jan
•
7
7%
86
Sep
Aug
July
97a
37i Jan
13,500
Sep
Jan
73
•
Oct
6
Sep
6%
Apr
14
Jan
26%
Nov
__
10
25
25%
200
1674
Peninsular
1674
100
974
28
Jan
37
30%
30%
50
2874
Jan
36
Oct
.30 Vfe
•
$1.40
Telephone
preferred
Nov
32 Vfe
Apr
3 Vfe
Jan
57a
Sep
Sep
Sep
•
common
A
25
Pennroad Corp common
1
41/2
-
Pennsylvania Edison Co $5 series pfd.»
$2.80 series preferred
...•
Penn Gas & Elec class
A com
"4%
62%
38
Power &
$6
Light $7 preferred
Salt
Mfg Co
Sugar Prop common
Penn
Traffic
Penn
Water &
Pepperell
Perfect
44
Jan
65-
27%
Jan
39
JA
Jan
190
99
99
158
25
100
50
158%
50
Co
62
Phila Electric
Power
Packing
Securities
Pierce
Governor
Pioneer
Gold
Pitts Bess
E
Ltd—
....
Glass...
Plate
V4
Sep
7 Vfe
Oct
87 b
400
5
Jan
974 July
Scale
&
common—
......
July
34
Jan
9 Vfe
8 Va
Jan
13 %
5,300
Metals
1,600
1 Va
Jan
.,2 Vfe
7%
1,200
6
Jan
7%
Jun
Jan
42Vfe
Jun
270
4774
Jan
65 Vfe July
10%
300
10'/a
Jan
1474
94
500
8474
Jan
98
3%
3%
2,700
2%
1474
100
8Va
4'A
Jan
1474
3 y2
Jan
~17b ~2
2
1074
6 %
10%
1074
6%
15
12
100
7n
j
>)'
2,100
Jan
7
Apr
x9
Jun
47'a
100
25
25
Corp of Nevada
Prosperity Co class B
Jan
19
i
%
30% July
life Sep
Jan
Jan
34
Public
Service
t«t
—:*
7%
43:
$5
—
prior preferred
'
Puget Sound Pulp & Timber
Pyle-National Co common
Manufacturing
Pyrene
10
*
5
—..10
'
Vfe May
8 Vfe
July
4
Mar
7
Jun
104
Apr
107
109
——r100
100
—*
Aug
77a July
A Jan
200
200
*
1st preferred
——
Puset Sound Power & Light—
7%
Common
Jan
Apr
1147a Aug
of Colorado—
1st preferred
6%
374
....1
Gas
Sep
5% Jan
400
57a
Oct
2% Nov
1074 Nov
Jan
374 Feb
5,200
6%
574
1
A
12,000
Jun
Jun
1474 Nov
1274 Mar
10
.1
Producers
Sep
60%
X58
•
of America
Jun
1%
.
200
,
Pressed
Jun
July
30
93
94
*
—
Feb
4%
874 Jan
10%
59 Va
*
common
31 Vfe
700
Sep
38
10
25c
104
974
174
5
...
Mining
Inc
23
9%
5
Alexander
Gold
67a
2074
7.50
common
Canada
Pratt & Lambert Co
50
33
6 Vfe
7
1
Mining Co
Sugar
g%
23
1%
__25
Valley Wine Co.
Inc common
34
Jan
7 Va
__5G
Jan
4
..50
Metallurgical...—
July
400
l
RR
July
69
125
6%
.*
Meter
3
Jan
Jan
51'/a
%
33
■:
Jun
87fe
__
•
Pittsburgh & Lake Erie
Pittsburgh
Pittsburgh
*
—_1
74
50
6
25
;
common..
Postage
L
&
pfd
common.
Mines
Pitney-Bowes
57c
Co...
Sep
July
1,400
21%
•
Sep
100
173
627s
•
common
Apr
116%
61%
115
1
Philadelphia Co
Jan
274 Jun
•
^
Phillips
7474 Jan
l'A
105
% Mar
100
Pharis Tire & Rubber
Jan
150
——2.50
Co
Phoenix
76
20
Power Co
Circle
99
10174 103
50
Co...
Mfg
103
•
preferred
Penn
Penn
•
%
%
„
4,200
Aug
25
62%
38
♦
.
Penn
4 78
197a July
Jan
137a Aug
10 Va
117
7
3
Premier
54
101
Oct
19
__
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Prentice-Hall
10% Nov
*
Jun
5474
•
Co
Sep
44% Feb
/.
Nov
25
Service
Motors
Pen
Nov
250
4%
Jun
May
'
Pantepec Oil of Venezuela Am shs
40
1.500
4 Vfe"'
5%
2 2'A
106
25
1st pfd
$1.30 1st preferred
Page-Hersey Tubes common
35
12
•'
30c
4
20
__
common
& Light
Public
Nov
49
—•
Mines
Radio
footnotes
17a
2,90c
10474 105'A
112'%
•
Pacific Lighting S5 preferred
Pacific
287a
11%
12.50
&
53
Feb
*
preferred
Powdrell
48%-
17
preferred
National Transit
National
34
Feb
%
200
—
Power Corp of
11%
___*
National Sugar Refining
100
,.50
.
Pacific
Sep
49
Mfg & Stores common..'..—^
$6 pfd
National Refining common—
National Rubber Machinery..
National
6
3%
105
Securities
Providence
National
A
■•■
22%
7
Jun
11%
__50
4
20
¥
15
common.
conv prior preferred
United Filters B
Polaris
Vfe'
National
National
57fe
22%
Omar Inc
Pneumatic
13
—
National
National
Jan
51%
4
■
110% 110%
57a
5
preferred
Potrero
$3
23%
100
t
100
Oklahoma Natural Gas
Apr,
6974 Mar
N
preferred
Candy
July
__
1C0
1st preferred..
Oilstocks Ltd common
Plough
7
34
82
*
common
Pleasant
Nachman-Sprlngfllled
Jan
July
19
Jan
1%
*
.
Jan
14r
•
•
Minnesota
Nov
300
774
—.1
.
Missouri Public Service
22%
7« May
7a Mar
2,000
1%
x8%
■
Abrasive
Piping
Sep
300
"-''•
4
B
'
Public Service
Parker
common
Midwest
Jun
98
111 Vfe July
4% Jan
100
•74
5 Vfe
41%
5
$2 non-cum dividend shares
Oil
47a
Jan
Jan
Sep
Apr
Jan
fA
'
•
.TJ%
1
—
Corp -common
Midwest
28
7fe
25
6%
Paramount
Mid-West
A
preferred
Pacific
74
^
1
Petroleum class A
300
5 Vfe
5
5
-m
7a
irf
.
10
Co
Jan
&
52 %
37a July
40
Midland Steel ProductsMidvale
3'A
1
375
Jun
108),
a
Tube
v t c
.
Nov
57
1% Mar
28';
Jan
irf
Preferred
B
r«
is»
15
Micromatic Hone Corp—
West
1,000
25c
Michigan* Sugar Co
Class
5%
5Vfe
Michigan Bumper Corp
Middle
28
•
class
$6
Ohio Power 47fe%
98%
1
Corp
Midland Oil Corp
.
pfd.100
common
Brass
100
preferred
Metropolitan Edison $6 preferred.
Middle States
600
O
Ohio
%
Participating
Michigan Steel
27%
~|
..100
Ohio
!
A preferred..
Textile
6%
Power class
Ogden Corp
9'A
...
Messabi Iron Co..—.
Metal
91
5
Corp
Apr
Vfe
*
Scott
—
Apr
9'A July
1% May
7.50
preferred
2
200
8
•
&
Texas Oil
6 Vfe May
274
9%
6
common
common—
Chapman
3,400
277 a
50
Public Service
Novadel-Agene
Oliver
Merritt
Oct
12%
8'A May
74 Jan
700
%
—*;•_
RR Co..
Jan
200
470
■
Mercantile Stores
l'A
4%
98'%
•
Utility Securities
Jan
50
200
•27fe
2%
Co
&
104 Va
Jan
Mar
%
common.
Johnson
l'A
A
91
Jun
Jan
4%
4%
1
t c
v
Radiator &
Memphis Natural Gas
6 Vfe May
Jan
8%
u
4%
♦
prior preferred
900
20
20
•
—
Mlg B.
McWilliams Dredging
Mead
Jan
91
•;/
6,400
Jun
t
Massey Harris
%
Vfe
{
Com¬
Steam Shovel
McCord
.
Sep
3'A
1,200
1Q74
Sep
577
•
Marine
Mass Utilities Association
A
•
Co
Ltd
Co
Margay Oil Corp..
Marion
%
2
Mfg
1,100
5
10
—
•
/Northern States
(The B) Co
Consolidated
....
North American Rayon class A__
Class B common
7%
Manlschewitz
Vfe
:
10%
Power common__l
preferred
Nor Indiana
1,000
1/128 Jan
'
Electric
North
1
76Vfe July
% Feb
.!« May
174 Jan
9'/a July
110
Jan
M
Stores
8374 July
Jan
20U
—
•
North Amer Light &
Northern
Mangel
Jan
42
4 74
—
Aug
1%
5
100
__
55
6%
l'fe
5
common
preferred
1
Jan
North
Manati Sugar optional warrants
54
10
r»
5
Jan
Va
975
315
Nipissing
Jan
A
Vfe Jan
16.800
1/64
Apr
97a
6%
18
A
27u
76 Vfe
1
21%
150
Class
Sep
58% May
3% Jun
66
2%
warrants
Niagara Share class B
111Vfe
75
'
Nineteen Hundred Corp B
425
5
optional
52
66
75
Jun
1,100
103:
B
2'A
100
100
1674
3,900
25%
25
%
•
A
Class
10
common
preferred
optional warrants
12%
4974
Niles-Bement-Pond
17'a
l'A.
i27'a
109% 109%
2% May
18% Oct
8%
8 Vfe
l'A
1'
preferred
2d
Class
Jan
15
1st
5%
71/2
shares.,
Niagara Hudson Power
5%
400
1474
Founders
N Y State Electric & Gas $5.10 pfd.100
N Y Water Service 6% pfd
..100
3A May
10%
A
±
97a May
•
5
Class
Oct
May
24% May
13 Va July
10'A Mar
/A —'
•
47n May
Jan
Shipbuilding Corp—
32 3A July
Jan
*
preferred—.25
common
Groceterias
Jan
Nov
10%
5
_
.
'A Jan
24?A
■
Line
2
22
Feb
4'A
200
26
5% Mar
Feb
7fe Mar
12 Vfe
♦
Development
Le Tourneau
v
:
.
•
...
Lehigh Coal & Navigation
Leonard
!;•
Feb
Feb
274
■
LangendoTf United Bakeries class A—*
Jun
274
■
25
-~
Light 1% preferred—100
preferred
—
22
22
:
28
—
574
10
Jun
Jan
■
574
__
Honduras Rosario
Oct
9
4%
v,
•
common
.
21
6?A Jan
21
4%
N
Co
Sep
110%
1,900
56%
1
Nov
21
1
.
Nov
.
300
3
—.100
-
17a
3
100
2
1
of Delaware
Lane Bryant 7e/r- preferred
Lane Wells Co common
Y
Jan
18
13%
*
N
Auction
87%
May
53% July
100
18
25
Land
common
5 Va
Jan
974 Jan
150
.
-
—
25%
—
,
•
common
New Jersey Zinc
New Mexico & Arizona
RR (N J)
Lake Shore Mines Ltd™
—
—
45
♦
;
Jun
400
7%
•
46 Va
100
Co
6
474
Nov
Haven
Oct
Sep
....
7%
•
New
Lackawanna
4—
4%
—
100
New
267o
114
■
•
preferred
preferred
High
Jan
111
Nestle Le Mur Co class A
6%
Loxo
100
100
preferred
24
(Herman) Corp
Neptune Meter class A
$2
Range Since January 1
Hish
24
•
New England
Shares
•
Nehi Corp 1st pfd
Sep
1474 May
Jan
Week's
Last
Sale Price
,
Nelson
85
July
12% Mar
100
13
Friday
Exchang*
Nov.
Par
Navarro
16
69
100
Curb
Ended
Sep
%
Feb
92
420
; 103
Week
High
Jan
13 Vfe
200
__
1
special preferred
Brewing
1574
1574
——.10
Koppers Co 6% preferred
Kresge Dept Stores—
4 % convertible 1st preferred
Kreuger
Low
High
V2
•
common
(I B) Rubber Co
Knott Corp common
Kobacker Stores Inc
(S H)
Range Since January 1
1
Kleinert
Kress
STOCKS
New York
Shares
of Prices
Par
ltd
Kirkland Lake G M Co
Sales
for Week
Range
Last
Sale Price
19
2071
97fe
94
9%
9%
9,000
8% NOV
92%
94
545
927a
NOV
12 Vfe
12 Vfe
100
7Vfe
Jan
1074
107fe
100
874 Mar
12%
120
Sep
Sep
Aug
137'a
Apr
15
Jun
9% May
'
THE COMMERCIAL & FINANCIAL CHRONICLE
2072
Monday, November 22, 1943
NEW YORK CURB EXCHANGE
Friday
STOCKS
Ended
Week
Sale Price
Exchange
Curb
Fork
New
Sales
of Prices
Last
19
Nov.
Week's
Range
Low
Par
STOCKS
Shares
Range Since January 1
New
for Week
York
Week
High
Low
Curb
StroocK
6Te
preferred—
83 %
85
85
230
70
150 % 151
1-30
Jan
92
143
Feb
156
July
13
(Si
Sullivan
Feb
13
Week's
Last
July
Mar
Sun
Low
Shares
Range Since January I
High
Low
Jan
11%
Sep
12%
Jan
21%
Jun
13%
Jan
20%
Jun
•
.
4
Co
.
16%
50
50
200
1
...
■
16%
Co
Power
——
7%
1% July
11%
Jan
13%
Oct
52%
Oct
50
4
12% M-ar
18
8% Mar
.
50
Sep
Jan
Sunray Oil 5%% conv preferred—
Superior Port Cement class B com
Swan Finch Oil Corp
Quebec
High
Va
50c
common..
Co
Drue
for Week
of Prices
8
Corp
Machinery
Rav
Sales
Range
Sale Price
19
Par
fHugo>
Stokely Foods Inc
•
100
•
Nov.
High
fitlnnes
Quaker Oats common
Friday
Exchange
Ended
43
15
Sep
:0% July
R
Radio-Kelth-Orpheum option warrants.
& Ligtu
Railway
lVa
1%
Jun
2%
11,500
A
Jan
50
7%
Jan
14 % July
%
Jan
% Mar
lE
securities
13
10
Voting common
Railway & Utility Investment A
13
1
Taggart Corp common
Tampa Electric Co common
Technicolor Inc
Rath
Packing Co. common.
10
Raymond Concrete Pile common
*
$3 convertible preferred
•
Raytheon Manufacturing common._50c
Roller Bit
Reed
Co—
Reliance Electric
Republic
Rice
&
Richfield
Oil Corp.
Rio Grande
46 %
2%
1%
2%
22%
2
11,600
%
22%
100
21%
"2% "3%
9.400
9
9
%
%
"%
1
2%
2%
2%
Nov
51
Mar
Jan
14% July
3%
Jan
Jan
13%
Jan
7
Tilo
Nov
1%
Jan
%
Realty
12
y*
114
114
Tobacco Security
Axner
1
■
102
7
3%
Jan
17 Va
4%
4
«*»«•
Jan
100
100
July
Apr
8%
2%
Jan
2%
Jan
1 Va
62
Feb
6%
Oct
7
22%
•
Jan
%
43
"•
4
26% July
15% July
114%
Jan
1,000
1
''•w—
•
Mar
300
220
20
6%
•
10
6'/a
20
Jan
6%
Jun
5%
'
7,000
*
Sep
Jun
July
5%
Jun
Trust Co Ltd—
dep rets ord regis
dep recs def reg.
Amer
6
'
—
1
,
Exports
Product
Apr.
Construction
Stocks
17% Mar
"■
'
-mm—
■
■
•J
3% Mar
400
22
12
1
&
Allied
&
Tobacco
4% July
Jan
Roofing Inc
Tishman
Nov
%
1%
common
Tobacco
Sep
600
"IlOO
pfd
5
Co
2,300
22
12%
2
Shovel
4%
4%
22
,
Apr
2,000
1
Light 7%
Thew
5% May
10 %
common
Power &
4%
•
Texon Oil & Land Co
29 % July
Jan
Nov
•
Texas
Oct
82
warrants
c
Mar
2%
400
9%
•
Valley Gas Co v t
19
10 %
3%
1
Radiator—
Richmond
150
1,100
5
Aviation
Dry Goods
Stix
Jaii
48
10
9
9%
•
Engineering
13 %
15
46%
14%
1
Red Bank Oil Co
500
14%
1
.....
■
■
"
'
—-
«
1 %
lVa
400
11 Va Aug
Nov
3
53
Jan
67
102
Mar
109%
Mar
116
May
1
Rochester Gas & Elec 6%
Roeser
Cable
Rome
Corp
Field
Roosevelt
Fifth
108
17
Mar
Jan
2%
Jan
-5% July
16%
300
16
Jan
18% July
69 Va
500
49 %
Feb
71
Oct
19
Feb
22
Apr
7%
500
3%
Jan
3%
500
3
Nov
5%
100
3%
Jan
1%
3
.4
>;
100
A
Jan
7%
2 %
Mining
...
Tri-Contlnental
—A;
'
•
—
__
3%
3Va
16%
15%
...10
10
xll5% 115%
■
%
% •y
%
107
Jun
Nov
Oct
1,100
A
Jan
1
Feb
4,200
■
3%
1%
Jan
4
May
18
Oct
16 %
2,100
%
2,000
%
:
6%
Jan
3T3
Jan
1% July
'
•
■
•"
C-
"
■
7% July
JatJ:
8Va July
■
•
Corp
8
A
1
convertible
80c
*
~
....
Tung-Sol Lamp Works
May
520
v
1
;
warrants
Chatillon
Class
57
1
Inc
Tubize
Oct
'
100
Corp
Transwestern Oil Co
Trunz
56
56-%
"*100
of Nevada
Trans Lux
6% Mar
1%
Tonopah
5 % M9v
v5%
•,»7-
1
•
1
Shipyards Corp
Toledo Edison 6% preferred
7 %
preferred
Nov
4
2%
1,500
65%
67 %
2%
_.
Aeronautical Co
Consolidated Petroleum
Ryerson & Haynes common
Ryan
12
200
4%
»
Todd
Apr
*2%
4
4%
20
4
4
Ryan
Jan
Nov
16%
1
Ave
Jan
Jan
7%
"2%
5
Royal
Typewriter
Royalite Oil Co Ltd
Russeks
91%
60
5
common
Co..
convertible preferred
$1.20
106
*
Inc
Petroleum
Root
106%
106
13
pfd D_.—100
Pendleton Inc—
&
64
1,400
;
300
39
'
~.
10
73
1%
\
Jan
6%
:
.-'V
Jan
Jan
4%
550
4 Va
i 4%
•
preferred
8%
7%
62
62%
1
Jan
Apr
Oct
5% May
11%
Oct
U
St
St
Ltd——
pref
Lawrence Corp
Class
Regis
Paper
5
common—...
Oil
Dome
-.100
133%
1
9%
9
1
1 %
Samson
United
Mills
3
1%
Co
Sanford
2%
Corp common
16% July
1 %
Jan
4% May
5,800
50
133% 134
Jan
115
2%
%
Jan
Jan
9.400
1%
Jan
24%
10%
800
4
—.
Apr
Oct
100
2 >4
3
1%
13%
•
50
preferred.—
7 %
Salt
$2 conv
A
2%
Oil
Co—
Co
common
*
Schulte
(D
A)
1
Union
Gas
of
Jun
Union
Investment
Oct
United
Aircraft
3% July
United
Chemicals
137
11 %
36
Electric
Scranton
Lace
Scranton
$6
Steel
Co
27
3% July
United
& participating pfd
Cigar-Whelan Stores
Jan
16% July
United
Corp
Lock
Segal
Shoe Co
Industries Inc
Selected
Jan
54
32
July
29%
100
17%
Jan
29%
62
660
44
Apr
62
9%
10
700
Jan
16 %
V
2%
2%
29%
—1
'•
.
<
'
Jan
Jan
9%
16%
100
16%
5
6%
5%
prior stock
certificates
68%
68%
69
650
69
69
100
25
)1
—
•
•
1
13 % Mar
%
15,400
6%
Jan
17
$3
——1
1
Seton Leather common
Shattuck
72% July
52%
Jan
73
Mining.
Denn
Sherwin-Williams
5%
common
% May
Jan
U
S
U
S
2%
2%
8% July
U
25
—100
93%
92%
2%
Jan
Oct
83
Jan
100
Apr
119%
2,900
93%
1,000
115% 115%
20
111%
4
16%
Apr
S
$5
Jun
U
S
July
U
Co
Silex
of Canada...
•
12%
Jan
13% July
10%
Mar
15
Oct
Simmons-Boardman Publications—
Simplicity
Pattern
4
Co....
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 1%
pfd
Aircraft
Solar
21% May
1
common
Singer Manufacturing
100
*
2% Aug
1
J an
140
175%
Jan
241
Apr
5
Mar
Jan
106
100
96
1
Jan
57%
%
Jan
1% May
A
2
119%
118
Jan
A May
16
May
Jan
and
>
>
July
4%
123
Jan
12 May
Jan
14 May
Jun
|7«
200
Va
Jan
%
56%
2,500
21%
Jan
61%
29%
Feb
39
80
Feb
93
iV
56%
53
Jun
July
Jan
Va
3,200
Jan
Jan
A
3% Mar
.100
250
...25c
Oct
July
July
10
.
/" '•
25
common
68 VH
67
44%
'
..'
44
260
Aug
Jan
%
2%
6
....
Feb
5 %
Securities
•
63
Jan
73%
400
42%
Sep
47
4%
500
4
Jun
2%
Jan
100
7 Va
Jan
%
VB
Jan
'
Sep
Sep
July
6% July
8% July
Jan
2,600
9%
6
9 Va
4
warrants
850
44%
•5%
,.•:
5
•■■
69
'
4%
1
1
B__
International
4% Jun
Feb
A
'
•
common
1st preferred with
Radiator common
Rubber
A,
16
115
•
common
class
2.400
regis
Canal Co..
Specialties
Graphite
1.100
A
7
A
%
49,900
119%
%
.
A-,
3
,
—•
11
Aug
•%
1.100
75%
773/V
225
A
2 %
2%
300
1%
Jan
3% Jun
1%
1%
1%
400
1%
Nov
2 %
A
A
200
A
Jan
77%
-
60
1% May
Jun
Jan
80%
'
1
Reclaiming
4
^
w
United
Wall
50c
common
Paper.
2
Feb
July
2
Jan
4% July
5% July
Sonotone
1
"2%
3
1,000
2%
Jan
4 % May
Soss
1
4%
4%
1,000
1%
Jan
6
1
2%
2%
200
2%
Nov
41
41%
500
37%
Jan
Oil..———10
28%
Nov
32
43%
30
40
Jan
44%
Class
'
•
2,900
Jan
3
Feb
1%
B
....
4
Universal
Insurance
Universal
Pictures
Universal Products
11
'
r"
'* '/■*'
•'
L*.
•"
•
13
Apr
1%
1%
100
15
1
Jan
22
18%
400
16
Aug
19 %
1
Feb
2% May
July
Nov
1
17%
16%
17%
600
15% Aug
19% July
4
20 %
19'
20%
300
14%
21
Oct
2%
1,300
3
May
48%
•45%
1
Co
Apr
7% Jun
Feb
17%
__8
common..
4%
..
Utah-Idaho
Sugar
9
Utah
Power
4
Utah
Radio
& Light $7 preferred
Products—
2%
Jan
Feb
2
Sep
Aug
2%
2%
•'
"
."
4% July
49 Va Jun
43%
"2%
% Aug
!
Universal Consolidated
Voting trust ctfs
£1
Co
Nov
28
400
3% Mar
230
2'4
232%
2%
230
17
10
2%
♦
Universal Cooler class A
preferred
convertible
$3
14% May
Jun
—4
common
July
Jan
Jan
12
-
25
United Stores
Sherwin-Williams
May
Ltd—
ord
RR &
Foil Co
S
•'
•
Preferred
.
Jun
4 Va
12 V8
2%
4
pfd series AAA
cum
5
_5
Sep
_
A
Sharing
preferred
Shoe Machinery
United
A ^ah
12,400
1
Profit
Jan
'
preferred
Co
rets
N J
51%
*
Shawinig in Water & Power
dep
10%
A
Products
United
May
3%
"A
4
United
10
400
A
6%
3
57%
_*
May
United
Control
Safety
Sentry
Serrick Corp class B
13,700
B
Molasses
Amer
■
& Power common A
class
1% May
July
"l'A
600
200
*
>' •«"
..
non-voting
participating
United
Jun
Jan
3
1,550
1%
preferred
1st
United Milk
1% July
4%
1%
*8%
8%
4
warrants..
Common
$6
July
%
600
1
Allotment
Oct
3,100
1
*
$7 preferred
Option
3% July
46
14
10c
^
\
July
U
7
*
Feb
14
-•
'
'*•v ./ :'
' *' '•
r' *'
United Gas Corp common.
Nov
7%
%
•
common
Jan
1
100
7% July
July
14
warrants
United Light
7%
4 %
Jun
~8%
cum
United Elastic Corp
Sep
Jan
10
1
Convertible stock
$5.50
Oct
22 %
25%
—4
Seiberling Rubber common
Selby
2
Jan
75
900
59 %
61%
4
Hardware
&
%
6,500
29
—
Service*
common
Inc
Bros
1%
49%
3% May
5
1
1*6
Jan
27%
3 % May
Feb
*
common.-.,
%
1%
Jan
Jan
3
1
Products..
12%
26%
2
30C
common...
100
48
:
1,100
1%
7
300
1st
*
Securities Corp General
Seeman
$3
2%
1%
10
Canada
16
preferred—-—4
preferred
SB
49%
common...
Scranton Spring Brook Water
Scullin
Aug
2%
3 Va
10c
"2%
1%
25
preferred—
Manufacturing
Corp
Manufacturing Co
16
16
25
common
Convertible
Scovill
Realization
"2%
5
Schiff
Ulen
1
...
Unexcelled
■
Savoy
Sep
2%
3
Udylite Corp
Solar
Manufacturing
Co
Penn
South
Southwest
common
Oil
Pa
-—--25
Pipe Line
California
Southern
5%
original
6%
7 %
___25
lr.L*..25
:
preferred series C—ii^i.LUi.25
Power
class
A
preferred
Southern
30 %
-H-—
25
.
29%
'
1%
30%
500
29%
Nov
33
29 %
29%
200
28%
Feb
32
1%
1V4
1,200
%
Jan
2
May
Aug
72
Nov
129
Nov
Co
10
Line
37
37
Light
class
B.
Waco
Apr
1
Jun
Wagner Baking voting trust ctfs ext..4
1%
preferred
100
% May
Jan
5% July
Sep
1
6% May
100
12%
Jan
100
1%
Jan
18
18
18
2%
2%
17
17
50
17%
18
1,200
...
A
""%
A
%
57
50
7
%
2% May
76
Sep
July
& Bond
Walker
Mining
Wayne
Knitting
West
Va
Coal
Oct
Western
Western Grocer
A May
Jaao
Air
A May
Western
Western Tablet &
Westmoreland
Inc
Feb
A May
Jan
2 % May
50
Weyenberg Shoe
Aug
Jan
13%
Oct
Willson
Jan
5%
Oct
Wisconsin
Power
Portland
~9%
300
6%
Jan
3%
700
sl%
Jan
1%
1%
300
7%
7%
150
Oil-O-Matic
Products
44
Sep
Wolverine
Jan
12
Oct
Heating
4%
Nov
1% May
Woolworth
American
6%
(F W)
Cement
2073.
2%
Jan
7%
Nov
Wright
15% July
Apr
2% July
Nov.
A
Jan
A M^
Jan
14'/a May
2%
109
% 109%
Jan
4%
Oct
98%
50
5%
5
5%
2.600
8%
7%
8%
1,500
Jan
110%
Nov
6%
Apr
4
Jan
5%
Jan
9
Apr
11%
67
—
Jan
95
May
19
Sep
14%
4
11% July
Jan
21
May
15%, Sep
Feb
■:•
5%
100
5%
Jan
100
7j/b Mar
4
'
■*
'
.
10
3 Va
"3 v»
■
Jan
Jun
it
-
9%
Oct
9% July
4% Mar
12 % July
110
Sep
3%
100
Nov
4%
4
Jan
8Va Jul J
'
—
Jan
9
108
25
11
pfdLlOO
1%
300
3
2%
11*
,,9'A Jun
Jan
Va
9%
8
8 %
•9%'
Sep
.26
July
13
1
■
Nov
Ltd—
deposit
receipts
Preferred
•
7V'4
Feb
11%
1
Light 7%
Woodley Petroleum
12% May
7%
„
•
Inc
&
Feb
H Jan
97%
Va
10
Co
9
3%
10% July
Apr
1
Corp
&
2%
Williams
Feb
—
Jun
35
% Mar
Nov
__20
Mfg
Oil
C)
17%
7%
9%
(R
56 %
1%
50
-
Williams
July
43%
5
2%
5'/a
10
A Jan
43%
"lVa
com
Coal
Westmoreland
100
July
86'A
1st pfd__100
Stationery
Oct
11% July
5
Nov
10
30
.—20
Maryland Ry 7%
64
13
86
Jan
100
1
Co
Jan
5
Jan
100
a
Lines Inc
Oct
Jan
13
Nov
July
Sep
3
97%
S
Coke
6%
54
l
&
16%
2,400
1%
7%
1
Mills
250
5,800
12
8
3
95
•
Co
200
31
32
44
100
7%
8
97 %
Wentworth Manufacturing
1.25
West Texas Utility $6 preferred—4
7
3S
Jan
Jan
Jan
•
Wichita River
\
class A
Sep
,
•
Class B
17%
114
J an VI
100
Oct
Waitt
Co
57
"
%
4%
18
W
Aircraft
18%
Jan
1 %
ZZZ 50
1—20
page
3
Jan>.)
2,100
May
19%
Jan
3
%
"""•
* i
1
13
12%
110
•
COmmOU
see
2%
Jan
Jan
Jan
ctfslll
common
footnotes
Jan
2%
%
i
5% 2d preferred
Sterling Aluminum Products
Sterling Brewers Inc
"
Sterling
Inc
~~~
For
Nov
23
%
1
preferred
Co
Jan
Jan
800
1%
7%
Oct
37
170
2%
l
....
Sterchi Bros Stores
B)
870
79
*
Jan
37
300
•
Co
(The) Corp voting trust
Steel Co of Canada
;
f.t
86
Jan
".%
49
Sep
900
1
Starrett
fltofeon
86
1 VH
July
14
•
& Co
100
5
9%
4%
__
pfd
Jan
%
2%
Virginia Public Service 7%
Vogt Manufacturing
1%
100
Standard Sliver Lead
1st
3,500
100
4%
■
(A)
130
10
68% July
4% Jun
Sep
6% July
4%
__
6%
25
9 Vis
12
%
10
pfd
Preferred
Stein
24'A
10
1
preferred
Petroleum
Jan
Apr
4%
20
(Ky)_
Tube
24%
1
common
convertible
Jan
500
1
$4
5%
■8
10
Valspar Corp
Venezuelan
6%
1
Common class B
Standard
50
7%
♦
(Ohio)—5%
Products
1,300
74'%
100
2.78
Standard Dredging Corp common
$1.60 convertible preferred
&
"l%
74%'
1
800
%
preferred
Power
2
••
:I%
74%
5
stock
900
5%
•
Inc..
Standard
1
10c
common
priority
9
.
Brewing Co..
Oil
4%
„•
Standard Cap & Seal common
Oil
10
1
dep rets ord regis
Snoe Corp
Standard
$5,50
10
8%
5
Spanish & General Corp—
Amer dep rets crd bearer
Standard
5%
10
Royalty Co
Spalding (AG) & Bros
1st preferred
Standard
Sep
Mar
Phosphate
Convertible
Utility Equities
42%
725
49
Jun
63
Pipe
Stahl-Me5rer
Jun
115
Southland
Standard
Jan
100
Southern
Spencer
2Vs
England Telephone__100
New
Southern
Amer
41%
10
preferred
Colorado
100
Edison—
preferred B
5 % %
Southern
"2%
1
Corp
Manufacturing common.!
South Coast Corp
2%
Hargreaves Ltd..
_•
10
Jun
5
Aug
5
Aug
2
Jan
4
Apr
63/4
As
£i
2%
~2%
"2%
5.600
Jan
Volume
Number
158
THE COMMERCIAL & FINANCIAL
4231
BONDS
New
Curb
York
Week's Range
Friday
Interest
Exchange
Ended
Week
Nov.
Last
or
Low
American
2%s
Gas
3'/as
.1950
January 1
High
No.
Low
.1960
110'A 110'4
103%
103% 104
J-J
'
.1970
J-D
.
97
•••108'A
,
1
106 V8 106%
110'4
MS
.1961
106%
J-J
J-J
.2016
,
103% 103%
J-J
.1970
8
-108
"108%
105
107'/a
96
88'/a
21
106%
Gas
AConv
.
,
deb
Elec
&
A
J-J
127
127
1
124
107
106'A 107(4
19
106
76%
100
Ohio
46%
$21%
M-3
14%
22
J-J
213-8
20%
22
73
;
1950
F- A
21'/a
20%
22
85
—
1968
A-O
21V2
20(4
21%
68
-1949
....
5s
deb
1977
—1955
Atlantic
5s
without
21%
84 (4
M-S
21%
85
26
-
MS
5
:
Penn Central
26
$102
109 y3
Power
M
5s
Bethlehem
Steel
Bickford's Inc
6s
Edison
Canada
Northern
Central
111
El
&
Elec
—
Central
'•
•
States
Rys
Cincinnati
St
series
Cities
1969
.1948'
V* •;.yi
ctfs
• •
'
Debenture
5s
Cities
Service
L
5%S
104%
85%
;
'J.
9 ri
33
,
13
123
100
66'A
67'/a.
A-O
103
A-O
3C
103
100
J-D
68'A
96(a
>■'
Service
6%
1C0'A
46
71%
5%s
series
Harbor
San
J-D
101 Va
98%
97 Vs
14
83%
98%
Real
Sheridan
96%
6
84%
99
South
100%
87
30
86
101%
,
1st
4 (4s
Lt
&
Pr
El
Gas
Consol
Lt
&
series
3j/4S
7s
ref
mtge
1st
ref
mtge
Consolidated
1951
1971
1-
:
3s ser P—_——1969
2%f» ser Q
,—1976
Gas
MS
$116% 118%
110
J-D
110
10
103%
$106'4107%
—
109
101%
105'/a
121
123%
100
6
continental Gas &
1958
F-A
-1944
J-D
h)
5s———
5s—
Packing
—
t
$122(4 123%
115
99%
MS
1956
MS
99%
173
90%
15
18
245
79
93%
82 'A
Water
Eimiia
Light
&
Power
Lt
Etnoire
Federal
Water
5s
;—2030
RR
5s
—1956
MS
1952
-1954
MS
5s
El
Service
Residential
Finland
6s-5s
stamped
Florida
5%s__
Wyoming
Carolina
93(4
102% 103
) st mtge 3s
Southern Indiana
Southwestern
*——
Gas
6s
Conv
Debenture
87%
103
103
107
MS
$58
,
104'A
104'A 104'A
103
102% 103
6
i
Sunnes
General
3%s
Power
Serv
Pub
General
Rayon
Uturgia
Fowei
Co.
AGobel
Great
Nor
Green
Mountain
Power
Lt
Houston
J-D
MS
4s
5s
1945
West
2
J-D
-1958
6s
—I960
Pwr 3V2s
•
93%
102%
90 vs
87%
13
57-,:
22
103%
64%
64%
91
_i.
■
•
Vv;-
106
$92%
J-J
102%
98%
■
94%
106%
6s
Jan 1949
—
A-O
1949
;v
^
97
96%
7-4s
Af-S
D
$60
„
104%
97 y4
100%
105'A
12
J-J
100 '/a
104%
M-S
2
103%
3'As:
1970
105%
104% 104%
J-J
A-O
$105% 106
104%
103%
106%
102%
105%
106'/a
109'/a
103
104%
107
57
1
104
106'4
107
(Calif)—
J-J
1951
F-A
$103:A 105
F-A
1970
72%
8s
—2022
MS
1989
A-O
May
1948
73
8
52%
75%
p
106%
108(4
107V4
'
' •■'
~
108(4 108(4
:
M-1V
May 1948
72(4
104%
104
104%
14
96(4
76
76'/a
13
62
86%
83%
86%
35
64%
87%
A-C
86
84%
86%
22
65
87(4
F-A
85%
83%
87
4C
65%
87'4
6s
1
1966
J-D
86%
84(4
86%
65%
87%
F-A
86
83%
86%
43
65 Va
1957
F-A
87'/8
86 5a
83%
86%
42
64 »/2
inc
^1950
a-o
87(4
27%
28
6
23%
32
20,;
21
2
12(4
32
6s
5s
1946
of
•
62
'
J-J
1946
A-O
1960
J-J
--
deposit
Industries—
stamped
Service
&
5s—
Light 5s__
21
Water
21
IC7
"4
107(4
13%
5s
24
M-N
J-J
F-A
701%
J-J
108%
108%
96(4
103'A
107%
109%
103'A 108%
:
107% 108
$116
Edison
3'%s_
1968
—
-
25
%
8
101% 102
107%
J 05
1C
1956
2022
—
Power
107%
1979
A—
series
Tide
80%
1957
Lignt
Corp—
Electnc
Powe:
70
85%
6
103% 104
1965
131
70
103%
3s
97'4
114
2
103% 1031%
Rys 4s
L
79
108%
128
88
1957
Gas
14
17
70
87
$127%
103%
stamped
2nd
97%
110% 110%-
A-O
Twin
City
Rapid
Transit
Electric
N
Light
Power
United
United
1st lien
&
&
J
5'%s
1952
12
117(4
106
109%
111
--
116
J-D
111
1959
94
United
Light & Railways (Maine)—
65
78
6s
3
44
4
109
111%
5
91
102'/a
93
Rys
95%
96
29
110% 111
e
110%
3
106
85
96%
112%
Co—
5%s
cons
96
1949
4s
J-D
Lt &
101% 101%
A-O
Jan
B
series
A-O
.*
United
(Delaware)
A-O
5'%s_1952
a-0
%
.
--
108
,
103%
108
103% 103%
109
65
96%
104'A
•
102
65
"
Hygrade Pood 6s ser A
138%
146'A
A-O
Dec
(Hugo)
Texas
111
108%
■
1
89%
109% 103%
J-D
102%
140
100'/4
106
_'••
•
3
32
102(4 102%
U J-D
—1971
&
Corp
3d
Toledo
.
13
$108
.„'
•—
98%
84%
F-A
106%
Electric—
Certifirates
•
98%
105
101% 102%
87%
^
91%
97
45
98%
101 %
ri
'
101% 101%
58%
J-D
18
64
101%
-
97%
103% 103%
.
MS
1950
97%
103%
J-J
1963
3%..——
Products
&
—1950
_
stpd—
Pow
&
Guantanamo
1948
ly7t»
ser
4s.
West
Grocery Store
A
OS—
97(4
J-J
J-D
——
4%s series A——1941
(Adolf)
Trunk
Ormiu
A-O
1953
———,19"5
6s
Li&nt
^
Alriett-'Cn»i
()te«
1969
A—
fts_—.
95%
108% 108 %
140
1951
(Hugo)
7-4s
57
106%
112%
77
107%
102(4
:
111
A-O
debentures
AStarrett
124%
104 %
44
1
110(4
2
—1947
6s
Gas
&
Power
103
51
J-D
J-J
ir
/5
.1967
5s
Edison
stamped
gold
Texas
Gatineau
6s
Standard
106'/a
9
1966
Coal
6s
123'/a
1954
J-D
108
93(4
93%
1951
6s
Debenture
1
104(4
111% 111'A
J-D
110%
97%
110% 111
1951
6s
deb 5s_—
&
90%
1
4
A-O i
1952
(stamped)—
Stinnes
1961
—
C—
ser
Florida Pow & Lt 5s
P
(A G)
Standard
104 %
105
104
B
Southwestern Gas & Elec 3y4s
79
104'A 104'A
104%
6s
Power
Counties
101
124 V4 124%
-
109'A
1163A
105
101%
1970
California
99%
Bank—
Mtge
Co-4s
Power
92%
MS
&
District
92%
F-A
107%
HI
106
M-N
1979
D
Southern
6s
Eastern Gas & Fuel 4s ser A_
Electric
series
California
131(4
89
103
',.uw
31
102% 103%
103%
•
115
98%
89-%
—1955
33/4S
108
Pwr
Estate
Snalding
A-O
39
107'A
$99
112%
"105%
103% 104
■
M-N
Cuban Tobacco
.•20%
(Bait
mtge 4'As
Cudahy
110
J-D
J-J
City)—
—1954
AConsolidated Textile 5s stmpd—1953
Gen
117
(Bait)—
Pr
N
1st
A__
2
108
Af-8
1952
4'%s
Southern
Southern
Connecticut
108%
108
106
M-N
Shawinigan Water & Pwr 4%s
84%
100% 101%
107
105
30%
116% 116%
1949
ASchulte
100%
105%
102%
Jersey—
Scullin Steel inc mtge 3s
85
101%
15
1 ' "
j-j
1956
A—
Water
Joaquin Lt &
156
95%
New
103%
101
103
6
A/-S
certificates
104%
89
109
100%
38%
1959
B
103
3
111%
106%
Queens Borough Gas & Electric—
96%
100
of
perpetual
107'A
105%
1964
4V2S
Sinking fund deb 4s_!
Public
6
1961
(Can)
mtge 3'%s
95%
95%
M-N
:
107
10
Co—
E
F
series
Corp
95
M-S
5s
116%
110
105
108
F-A
1962
■
107'%
2
$107
j-j
extended——1950
Ecuson
100%
■
__
100
Coke
6s
10
107% 107'/a
101'4
45(4
1
$104(4 107
•
■
A-O
.1949
1st
Safe
F-A
Transit
4
86
106
105
105
J-D
1972
115%
54%
105%
1C8% 1C8%
$37
M-N
107%
46
13
1
&
5'%s
108%
115 y s
103'4 104
105
Public Service Co of Colorado—
107'%
105 Vs
V
'
'99%
105%
12
.
33%
31%
1952
5J/aS
101%
100% 100%
■
■
106%
29
99%
31%
33
1958
&
99%
33(4
1969
P
Rapid
A5s stamped
4%s
109%
103%
$105% 106
—\
M-S
.1950
5s_.
Power
102'A
•
1966
5s.
Debenture
J-J
1955
(__Jan
Potomac
8
$105% 106
•
J-J
,
Ry 5(aS A—^——1952
5s
—
M-S
—1927
«.
''
F-A
1953
ft L SVaS—
B—
deb
99%
M-N
1954
5s
Service
Conv
102'A 103
J-D
:•
8 A Chicago
6s
P
102'/a
1953
—
V
•
J-D
1964
121
—
104% 104%
5s
116%
117'/a
109'/a
104'4
3%s__
Power
Power & Light 33/4S__ACentral States Electric 5s_L__
114%
Power
104
M-N
>■
103%
I
24
108% 109
j-j
1
1970
;
180
$105
■'
A-O
M-S
1970
Central
<a5 %s
$150
Q-F
*
1977
High
112
"2
107% 107%
$102% 103(4
F-A
1964
3'4s
6.
$120% 121(4
1962
:
-
_—•_,.
Gas
115(4
1968
L.
2%s
115% 115%
M-N
—1998
C'/aS—
Birmingham Electric 4Vas
Boston
J-D
1960
—
1955
Low
111
86
105
A-O
1979
Portland Gas
1957
C
108%'
■
105
Pennsylvania Water & Power 3'/4s_1964
Philadelphia
series B—
series
Light 5a
1st mtge 3s
Pwr 4'%s
Januarv *
No.
$104% 105
A-O
101(4
..
warrants
&
Lt &
5s
1st
92%
84
F-A
Park Lexington
72%
-
4s_—
Range Since
Sold
High
115% 115 %
86
MS
1968
:
Bonds
163% 103%
115%
.
F-A
Pacific
(Bell Telephone„of Canada—
1st
-1945
3'/4s
mtge
1962
Philadelphia
5s
j.j
j-j
Oklahoma Nat Gas 3%s B
Aug 1955
Oklahoma Power Si Water 5s_.
1948
26
106%
11
Friday's
$110% 112
1971
26
/;
j.j
1964
Service
26
14
or
Bid & Asked
Jlf-N
Utility 5%s_.—1948
3s
12%
$107Va 109
J-D
mtge
Public
13%
99 (4
1964
1947
City Eiec 3»/4s
Sons <B. P.)—
&
►Avery
-21%
F-A
5%s
Assoc T & T deb SVaS A_-_-
1964
—
1st
13%
.
Sale Price
2004
Gas 1st 5s
Ohio
'
AConv
5s
Power
1st
77%
Co—
1948
4'/2 s
Debenture
127
76%
Last
Period
109
J-J
76%
Week's Range
Interest
19
Gas 3%s
Continental
Ogden
127%
A-O
4'/aS
AConv deb 5s_
Friday
Exchange
Nov.
Westchester Ltg 4s
Debenture
109
.1953
deb
&
North
9 8'/a
.1956
AConv
Y
Elec &
106%
3
.
N
111
Y State
108%
2
97
Curb
Ended
Low
104%
103 3/a
154
York
Week
High
.2024
{Associated
New
Range Sinct
Sold
N
:
debs
f
s
Bonds
Co.—
debs
f
s
Electric
&
2073
BONDS
Friday's
Sale Price Bid & Asked
Period
J})
CHRONICLE
$100% 102
.
A
1952
Utah Power & Light Co-1st lien & gen 4'%S
1944
series
Debenture
6s
A
series
F-A
%
F-A
2022
115(4 115%
99%,
99
MS
93'e-
e
117%
95
100'A
€
105'/4 106%
115%
3
:
96
107%'
Waldorf-Astoria Hotel—
Power
&
A-O
105
1
A-O
105%
105% 106
19
J-D
105(4
105% 105%
37
—1957
M-S
102%
102(4 102%
31
—195b
1950
M-N
105
&
ref
5s series A
i»l
\
rei
5*
ref
5VaS series
Inumna
Hjuro-Elec
Indiana
Service
)95e
'
*er>es
B—
os
A5s
2.
'
'•
'
111%
Ry
104%
108 y8
Wash
Water
92%
107%
West
94'A
$102'A 103
102%
West
103
Western
l('l
c%bs
income
105
Wash
—
Light Corp—
1st
1st &
1967
—-—-1953
3%R_«
Power
Illinois
Elec
&
Electric
Penn
Penn
J-J
94
94
94%
22
80%
96 (2
6s unstamped
F-A
94 (e
93%
94%
28
80
96
6s stamped
Alndianapolis Gas 5s A—J.—i
1952
3V4S———1970
A-O
112
115
Indianapolis
M-N
105%
109
P
International
A0V28
A7s
>
A79
1941
(Aug
F-A
coup)
coupon•
1952
1941
V
J-J
,
9-.
'
26
23
•
33
•
„
'• •'*
1
'18(4
32
-
'
17
rtys
AStamped
6s
23
$26
1
16'/a
33
3V2s
&
58(4
56(4
59(4
33
36
67
J-J
30
32
16'4
44/(4
1965
MS
$108% 109
J-D
MS
1121
—
lQfi0
>970
J-J
112'
1957
3-D
122
1
107
5
107
A
A
107
107%
107%
106%
34
109'4
110 y2
20-year
20-year
Bogota
4s
FA
.—1948
—1947
MS
E———1971
r——1965
198(4
MS
6V2S
—1945
A-O
86%..
99
100%
to—
Milwaukee
Gas
—
Light 4Vis
Minnesota
P &
L
Nessan
&
Suffolk
—1967
1st.
Pnw
,—
110
noo
106%
108(4
Power
6s
New
New
5s
series
;
60 Vs
61%
61%
37
4V2S-,
106% 106%
102%
49
24
104 Va.l04(4
2
106'4 -103%
r.
J- J
1C5 % 105 (2
MS
109
,—1981
5s
England
New
Orleans
Power
62%
Alncome
6s
series
3-D
81'/a
118%
.-785%
82
99
._
100
8
100
•
98'A 100
F-A
F-A
100%
63'A
'••34 ''
84
75
100
73%
•
•
85
100
%
109
27
'
High
54%
1947
J-J
$52%
4(5
54 J/4
1948
J-D
14%
23%
3955
7s
_„_Jan
Bank
of)
5%s
5s— ——»—4_'_
16
16
M-A
+56
57
F-A
..1953
2 '• '
16%
$57
60
•
44%
64%
42
60
35
10
20
19
11'/a
20%
32%
20
35
A-'.
Danzig Port & Waterways—
External
ALima
City
AMaranho
6%s
stamped...
1952
6VaS
J-J
$20
stamped.1958
M-S
$16
1958
(Peru)
Vi-N
7s_—
AMedellin
7s
.sta'mped_.„___„___ 1951
Mortgage Bank of Bogota 7s
__1947
J-J
A Issue
V
'
,
J-D
1972
3-D
2(
103y4
108
113
1958
M-8
16'/4
24%
32
21
37%
107%
17 "
$13
$35%;_
MS
2933
98
27
12%
102%
28%
107
116"
114
Janeiro
Russian
114'/8
of Denmark
(State)
de
ARio
a
■
Oct' 1927...
7s
6l/2s___.__._
Government
$35'4
A-O
5s
1959
6%s_
...
$17 '/a
'
32
*
18
38
1
20%
'
58
45,r! h -58
$28
._
30
22%
17
''
,
$110
116
118%
70%
69 y4
70%
38
47%
77%
70
69%
70
32
50'%
70
09
70%
84
50
1961
MS
a-o
95 %
3-D
98
1949
3-D
108
,
108
5
107%
r
78
95%
132
76'%
30
28 3 4
8
5'A
56
2%'.
9%'
4%
4%
98(4
58
82%
98!/4
104
104%
16
102'%
106
J-J
1921
5'A
20
2%
9y8
par
value,
a
Deferred rieliverv sale,
d Ex-lnterest
e
Odd-lot sale,
n
Under-the-rule sale,
sale,
x Ex-dividend,
y $8 liquidating dividend paid.
tFriday's bid arid asked prices; nu sales being uan&acted during current week..
ABonds being traded flat.
^
§ Reported in receivership.
96'4
97
s
Cash
109
95(4
Va
•No
76'%
MS
A 5
Abbreviations
"w 1,"
used
above—"cod."
"conv," convertible; "M."
when Issued;
"w w,"
certificates
mortgage;
with
warrants;
of deposit;
"cons," consolidated; "cum." cumula¬
"v t c," voting trust certificates;
"n-v," ndm-voting stock;
"x
;.
35%
4%
28'A
J-J
J-D
__1S19
...
22
58
117 ya
112
AParana
110%
MS
104(4
of
32%
J-D
Mayi;l927—
AMortgage Bank<of Chile 6s___
tive;
Nov
January 1
No.
54(4
Mortgage Bank
109'4 109%
116
Range Since
Sold
High
Low
109
Service—
A
Bends
Friday's
$52%
109
1954
-
or
Bid & Asked
A-O
April 1940
106%
1948
...
Week's Range
Last
Sale Price
(Colt—
105%
1950
5s
Period
103
100 '4 101
27
J-D
M-S
Friday
Interest
19
105 Vi
•
3-D
1947
3%s
Power Assn
Debenture 5%s
Public
—1948
——1948
—
England
New
2022
5s
Gas
—
deb
106%
J-D
1945
:——:
Amsterdam
MS
3-D
—1951
5S—
5b
Ltp
Eng Gas & El Assn 5s
!
Conv
New
A
110
112
100'/4
102
3 t
1955
1957
ANational Public-Service 5s ctfs—1978
Nebraska
110V4
1
-
110
1978
4%s
;'Lt & ref 5s——_—
Mississippi P & L -5s
River
J-D
Fxchnng#
Nov.
7s
Mortgage
Valley 7s
ACauca
102%
106%
$106% 107
J-J
1963
99%
101(4 101(4
MS
Curb
Ended
(see
■AIssue of
Mississippi
1937
„.1947
...
Agricultural Mortgage Bank
$107(4 108'4
107
York
Extended
4 V2s—
4'7c
at
stpd
—
Low
Midland Valley RR—
Extended
102%
...
116
$99% 100(4
*
F-A
BONDS
New
Week
112(4 112(4
j.j
h-u
_.
Petrol
State*
P-A
1959
U063A 108
2
Mlg—
Metropolitan Edison
4b series G——,
Middle
110%
Foreign Governments & Municipalities
35%
J-J
3%t>
Pow
Lt 5s
Uist
conv
—
116
30%
109'.
94
Utilities 4s—•
Co
5s
5s
35
1965
stamped—
Mengel
extended to 1959
Co
$108%
-
4%
108%
...
Union—
extended to
33%
19
17%
•
74%
6s
t.ieht
Radiator
J-D
387
".-'-A108%
35
Danish
McCord
A-O
i960
28%
112
35%
68
Po^e'
&
2030
5s
23
$109
$108% 109%
■
38
•
16'/a
91
Power
*
fAYork
5s
27%
-
87%
Kflnsas
Pow
.
88
Kansas
Louisiana
■'
•
1952
Electric
Super 101
1
J-J
fis
Superpower
Kentucky
L
.
—1957
5s_._
Power
3VaS—1966
Gas fr Electric 6s—
2022
Lode
26
$25
$26
-
1952
coupon*.
Jersey Cent Pow & Lt 3'As——
Kansas
--
1957
—
F
Debenture
Altallan
116
108% 108%
J-D
1957
1941
E__
(July
Interstate
——1955
1955
C
1
$112
103 3 a'
J-D
Sec—
Power
series
A7g
L
(Dec
series
A 7s
5s__
Si
series
A6VaS
5s
ref
&
nen
M-S
J-D
1964
Traction
Newspaper
1963
1st
1954
.1951
3%s
4s
Power
w/k without warrants.
2074
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, November 22, 1943
OTHER STOCK EXCHANGES
Baltimore Stock
Nov. .13 to Nov. 10 both
Z Chicago Slock Exchange
Exchange
Nov. 13 to Nov. 19 both
inclusive, compiled from official sales lists
inclusive, compiled from official
sales lists
j
Week's
Friday
Last
STOCKS
Sale Price
of Prices,
Par
Arundel Corporation
Bait
Transit Co
Preferred
Eastern
com
t
v
Consol Gas
t
v
fc_
18%
*
c—
Elec
Low
*
100
Lt &
Pr
10 %
*
common
Shares
250
1.55
16
9
10 %
962
62 Va
70
7%
Jan
10
8
Mar
19
2.95
Acme
Jun
12%
Aug
Abbott
Jan
Laboratories
Steel Co
Adams
57% Jan
67% Aug
?. 9% Feb
com
t
v
Fidelity & Deposit Co
Fidelity & Guar Fire Corp.—
Finance
Co
of
Amer A
20
pfd
7
—
142
10
5
com——
Houston Oil of Texas 67o
7U
c_—1
Jan
125
52
Mar
145
42 %
5
35%
Jan
42%
9%
9%
7
9%
Jan
28%
28 %
Class
28%
750
22%
Jan
Allis
10% July
28%, Nov
■
Products
NOV
A
Moore
New
.25
Casualty
Western
National
193
522
27
Mar
40
22
Jan
28%
Jan
40
Oct
31
Jan
34
36
%
310
33 %
33%
83
20
V
'
Oct
30%
200
Co
4s
1973
Interstate
52 %
1975
5%
Co
5%
—
—
1944
—
—
$34,500
49
Mar
56
59 %
7,800
55
Mar
500
100
Oct
100
100
100
■
100
1,000
Bliss
Jun
100
Nov
Borg
Oct
100
Warner
Bunte
Nov
Co
Bt%s
Par
& Fisher
Alles
Inc
American Sugar
Tel
American
1
_
Refining
&
Bigelow-Sanford
Bird
&
Son
Boston &
.
Carpet
6%
50
.
-
_
Boston
158 3/a
July
Nov
31%
Apr
24
class
1st
L)
Jan
116 Va
Nov
9
Jan
13'%
Nov
96%
65
580
62 %
Jan
69% Aug
18%
410
14
Jan
19%
20
3 %
.100
4'%
4
4%
314
4 %
5
4
4
100
'•
V
—
100
4
4%
14
5
#
5%
Street Ry
preferred adjustment
7
„
Lines Inc
•
First National Stores
Capital Corp
—
Hathaway Bakeries $7
3%
5%
5%
305
4%
Jan
-
1
104
1%
16
99
'
5%
5
-
116
%
Maine Central RR
120
Catinon
34
70
:8
34%
125
34%
—
.1
_
Nov
24% Sep
Jan
Jan
9%
Sep
268
31%
Jan
39%
Jun
35%
1,596
30%
Jan
7%
7%
255
4%
11% July
34% Apr
19%
20%
14%
7%
7%
33%
::•'! 8%
;
4%
Jan
-
2%
3%
Nov
6% May
Jun
450
400
16
Jan
23
13%
Jan
17
100
5%
Jan
33%
260
33%
8%
1.300
4%
Aug
350
4
Jan
100
.13%
Jan
19% July
147
26 Va
Jan
38% Julv
4%
.
5
■I6V4
16%
32%
33%
19
19 V2
19%
33%
Sep
Sep
9%
Nov!"
Apr
39%
=.
Nov
8% Aug
5% Apr
Fdry
S6
700
12%
Jan
19 %
19%
60
11%
Feb
22%
Sep
4%
450
3%
Jan
4V2
Jun
8%
8aa
320
5'A
Jan
13%
cap A*
pfd
West Util
•
89
13%
20
13%
Nov
19%
Apr
120
69%
Jan
93
Nov
88
V
'
—1
*
%
1
2.650
n
00
8%
53
55
■
Jon
61
3%
Apr
10
50
17%
Nov
19
A
40
5:,tt
18,950
'
1'!
.
■
4%
45
'
5
75%
11%
17
shares!
(Alf)
&
Diamond
Dixie-Vortex
Co
115
Oct
58
70
42
Mar-
58
Nov
67% Jan
x73%
75Vs
11%
1,800
41'A
38%
320
10%
330
-,
24%
25%
Jan
49%
Oct
85
July
Jin
18
May
36% Mar
42
Oct
21% Jan
27
July
10%
20%
3%
7,550.
'I6V4
..
5
17
450
5
100
vfc:
19%
19%
23%
23%
165
80
19%
23% July
Jan.
14%
27% July
Jan
83
Sep
5% Aug
J an
Jan.
22% July
100% Aug
'
'
—10.
6
6'A
450
2%
Jan
6% Nov
*
3538
35%
62
26%
Jan
42Va July
2
12%
12%
62
Jan
16% May
Ca^ common.
common-
■
_*
.
Manufacturing] Corp
Domestic Industries Inc
16 %
10
19'A
92%
it*.
Jan
2% Feb
33
19 Vt
;
Motor
T
Jan5
91 Va
Cohnjlnc—
&
Oct
104
25
JL—_
commoni
—
Co
6%
j
20
cum pfd—100
common—!
Common
Jan
Jan
/
Cudahy Packing Co 7'!«
Oeere
2
Oct
Mar
%
300
56%
5
Nov
46
40
.,._50
1
JO
July
113
•
xlll
—10
Common part shares v t c A
—50
Container Corp of'America common—20
Continental Steel common—-—
*
0
Decker
10% July.
1% May
720
5%
!_
113
25
pref pt
26
Jan
7Va
•
u
25
V t c
410
Mar
Jan
A
17%
«'•
-
58
common
6
6T's
7%
*
—
1.050
17%
*
*
common-
}
10% July
Jan
100
V2
Va
1
.
•
commop
Edison
Nov
r>
%
8%
50c
com
capital—i—
Consumers Co—
,
4
14 lA
1414
9
'
10
Jan
10%
150
10
Jan
5 Va
5%
1,350
34%
34%
7%
7%
32%
1
35
10%
common—*
class A
32%
5%
•
"
1%
Jan
31%
16
July
13%
Apr
6% May
Jan
:
•'
Eastern
Inc.!
Airlines
!—1
Util Corp _——5
Electric Household
50"
42% July
8% July
'
80
30%
60
3
32.78 July
40
July
9% May
Jan
82
Oct
28%
Jan
35%
Apr
33
290
3
'
35
.
•
250
Jan
3%
6
Jun
Jan
39
Jun
3%
235
2%
Jan
22 %
230
12%
Jan
55c
10
12c
48
10
35%
Jan
170
3%
Jan
10 Va
17
16%
6 Va
1
6%
10%
145
1
6%
Jan
1
Nov.
35
—
106%
1%
50
Apr
May
Apr
July
8%
14%
Oct
Jun
...
%
'/ B
275
2% Mai¬
477
Jan
110%
Oct
86
133
A
11>
_
40C
Jan
2% Mar
25%
24c
Jan
85c
26c
40c
147
15 c
Jan
Jan
1% July
28% May
23%
Jan
32%
66c
Jan
1% Mar
Nov
24% 24%
118
25%
27%
1,025
1 %
1%
300
%
.'.:
Sep
400
10
1.
ls %
45c
—25
Folding Machine
12% Mar
41c
24%
,_50
17
106% 108%
%
2.50
_100
RR
19
Apr
Apr
35
%
45
9%
Jan
1% May
14% Sep
398
5%
Jan
10% May
12 %
80
80
310
62
Jun
80
Oct
33%
32%
33%
386
29%
Jari
36
July
12%
8%
(The)—.
—
12
80
Stone & Webster Inc.
28
—
Fastener—
27
9
28
185
27
25
25
Inc———i
100
25
NOV
37
Feb
Nov
25
Nov
7% Jan
15
.
12
Machinery Corp
—23
preferred
%
12%
20
70%
Co_.
69%
71%
686
60%
Apr
76%
67%
67
68%
951
63%
Jan
74
44
44%
47
37%
38
42% Sep
25% Jan
Sep
Sep
Sep
July
46
July
22c
22c
20c
48C
-—25
Rubber
—10
Utah Metal & Tunnel-
Vermont & Massachusetts
—_1
Ry
22c
.-100
108% 108%
10%
150
80
200
Westinghouse Electric & Mfg
_I
Oct
36
90%
Jan
7%
Jan
_—50
10%
11
87
20
Co—.....
Apr
20
80
88%
89%
195
16
Jan
80% Jan
110% Aug
11% May
21
Oct
99% July
Manufacturing-
Gardner Denver
General
American
General
Candy
General
General
Transp
Motors
Corp
A
Inc
50
Dk
&
40 Va
;
36
1970
2079.
49%
50%
$2,000
40% Jan
14% July
Sep
Jan
6%
Jun
14
Jan
15% Mar
37 Va
Jan
51 %
10%
Jan
13%
6%
Jan
9
Aug
34%
Jan
44
July
70
100 ■!
8
49
*
•
3%
42%
50
13%
40
41% Mar
Jan
Mar
50
40 Va
50
100
7%
7
7
•
550
Oct
56% July
33% Aug
4% Jan
36
50
4%
Nov
Jan
9% May
7% Sep
41% July
*
32%
33%
214
25
Jan
•
19%
19%
700
17%
Jan
21%
7%
Jan
10%
common
com——
Jun
44% Jan
1,631
36
7 Va
common
Goodyear Tire & Rubber
Great Lakes Dr
250
Va
8
10
common
Gillette Safety Razor common
16%
6%
15
450
13Va
—•
—
4%
16
40
—5
—
common
Bros
16%
common—5
A—
300
Harnisehfeger Corp common-—'—10
Heileman Brewing Co capital
1
10
:
10
9'A
9%
•'•
10
200
•••■
9%
V"
6
Jan
7%
1,150
•
Jan
Oct
Apr
9% Aug
Werner Motor Parts
_8
8%
8%
50
Hibb
Spencer Bartlett common—25
34%
34 V*
31%
10
25
Jan
13%
12%
13'/a
230
10
Jan
17
17'A
17'A
50
15%
Jan
20% May
Va
1%
1,000
n
Jan
2% May
.3%
3%
Houdaille-Hershey
class
B
___•
8
Hubbell Harvey Inc common———5
Hupp Motors common (new)—.——1
Illinois
Brick
Co
capital
10
Illinois Central RR common
Indep Pneumatic Tool
t
v
Inland
Steel
Prod
Steel Co
International
3%
100
*
com
common
16%
16JA
—1
Jarvis
Joy
(W
%
Jan
4% July
155
7%
Jan
450
18%
Oct
16% May
23% May
16%
175
Jan
19
Jan
Jan
7
July
78% July
6
Co
362
67
12
10 V4
10%
50
5%
450
200
5%
400
% Feb
2% Mar
—1
common
Univ common
5%
-5
5
—*
71%
*
6%
T%
7
common
75
6%
1%
6%
1%
4
4 Va
Va
6V4
50
*
4,050
6%
Co common——*
$3% preferred
*
15'A
15%
*
19
19
common
——
1
McCord Rad & Mfg class A———*
Field common
2*
Marshall
Common
;
,
7%
prior lien——
7%
preferred
Monroe
Jan
12%
Jun
Jan
5%
Nov
Jan
8%
8
5
Jan
57% July
Jan
9%
Jan
20
50
15%
Jan
21%
Jan
'
Sep
Jun
6
19%
90
14 Va
630
10
Jan
27% May
16% July
36%
45
32%
Jan
42% July
900
3%
Feb
6
2,800
4%
Jan
9% Oct
5%
6
Nov
8%
x8 Va
A
Va
6,600
A
Mar
18%
17%
18%
3,400
8%
Jan
18%
5'A
5'A
50
1%
Feb
11%
5 Va
5%
.250
2
Jan
11%
»A
%
200
—*
A
1%
100
—
100
,
stock
v
t c
—
*
8%
.
Va
V4 May
Jan
Nov
Sep
Sep
% May
•
Montgomery
Ward
8*
Co
common-
■
National Cylinder Gas common
—1
•*
National Pressure Cooker commoncap
stock—
41
•
Jan
IOO
4
Feb
26%
50
Q2
Jan
41
41
10
36
F6&
41%
42 Va
2>/a
■
•
2%
6%
1
6%
26%
2%
common— —1
Manufacturing common—.
Chemical Co preferred—
750
■A
460
33%
11%
872
9%
Jan
" Sep
14% July
13
400
4%
Jan
13
33
•
Jan
32%
32%
100
26%
Jan
33%
300
23%
Jan
16%
8%
Jan
-20
July
11%
33%
common—.
Nov
July.
43
10
32%
Inc
-
11%
—
33%
Airlines
3Va July
6%
29
12%
.-10
Northwest
Nov
8Ta Jun
2
July
%
150
13
Jun
1% July
5
Hart-
Common
Modine
Va
3 Va
Jun
July
Co—
Convertible preferred A————*
Midland Utilities 6% prior lien—
-100
&
16
14
*
Mickelberry's Food Products common_l
Middle West Corp capital—
5
Miller
74%
150
1
19 V4
Jan
Jan.
9%
36%
14
—
Corp common—,.—
1
July
r
.
Lincoln Printing
United
57
Va
11%
Kellog Switchboard
Midland
63
65%
Leath & Co common-——.—
Masonite
4
239
•
La
Liquid Carbonic
11%
100
6
69%
Manufacturing Co common—1
Libby McNeill & Libby
1
1,300
1
common
capital
Katz Drug Co common—
Salle Extension
•
*
Harvester
B)
July
lOVa
19
capital
9
May
37% Aug
19%
10
c——
Indianapolis Power & Light
Indiana
1
Va-
North American Car common—
series A
page
*
32% Nov
850
40
•
4%
:•
Corp preferred-—-10
National Standard
& Maine RR—
see
1
class
Finance
General Foods
common
39
25
11
9 Va
—5
common——
Co
11
10
.
Noblitt-Sparks Industries Inc cap— __5
BONDS—
For footnotes
Fuller
Minneapolis Brewing Co
System Inc
Inc mtge 4 %%
Aujo.
.
a
—
Assn.
6%
33
Jan
48
—*
common——,
Drive
(Peter) Brewingicommon
Hein
Feb
30%
Fox
General Outdoor Adv class
37
500
Morse
Four-Wheel
Assn—
Suburban Elec Secur $4 2nd
pfd.
Boston
July
%
1,700
:14%
•
Lamp & Stcfre common—--*
Goldblatt
Jan
Jan
55c
;
-.
(S D)
70
r
2%
—
•4
1
—
Drill
Oct
27 %
26.08
33
Mines
Quincy Mining Co
Warren
Jan
25
3%
Mills
Waldorf
Nov
10%
&
Colony RR
S
Jan
7%
29.89
22
preferred
Fruit
6
124
88
'
34%
3
vtc, L—l
North Butte Mining
6%
3%
-
July
42%
Corp—
common——.—
Commonwealth
9% July
297
30%
common
England Gas & Elec
Drug
25
Jun
350
;
7%
■
37%
Nov
'
New England Tei
Tei
New York New Hav & Hartf RR„_ .100
U
158% July
6% Sep
—1
——.—i
Power J& Light pref
Corp
Coleman
Fairbanks
2% May
59 %
Jan
33%
7%
_
Tunnel
Co
98
29.89
i'A-
Narragansett Racing Assn Inc
United
1 % Mar
Jan
1.940
%
33% '34
7%
—
Nash-Kelvinator
United Shoe
Jan
100
27
i
v
<(
Jan
'
8
5
—
Mergenthaler Linotype
Carr
Serv
Jun
7% May
Jan
2%
118
80
common
preferred
Twist
17%
Jan
19%
150
18% .21%
—
Massachusetts Util Associates
Pennsylvania
%
42
262
.
United
Apr
•
Corp
United
Jan
3
2,750
1%
10
Pub
Co
Common
Chrysler
Dodge
9%
Jan
90c
Jun
16% July
Jan
32
pfd—
conv
Copper
(Del)
preferred
Union
•
Jan
69'A
•
Safety Razor Co
Torrington
Jan
58%
—1
Gillette
Shawmut
11%
380
6%
1
General Electric
Recce
Apr
1%
»
Pacific
8%
16
8
•
Old
Jan
31
20
»
.
_
5%%
2%
57%
100
—
•
New
Jun
15'A
1
118
100
common
Employers Group Association
Engineers Public Service
National
8%
31%
100
preferred JB
5%
5%
Jan
39
-
_
-1(10
common.. -100
6%
6%
Jan
2%
58
.1——
1st preferred series A
Lamson
1%
8% May
8% Jun
6%
VI
-
—
i——
Kennecott
Jan
110
128%
4%
23% May
Jan'.
& Fuel Associates—
EasterrrMass
General
1%
20
■
8
10%
1
Apr
Jan
6%
■
32%
2
10%
'
'
..
prior pre!erred-.
Eastern SS
Oct
139
4%
923
:| 4%
_10
common!
States
Belt
Crane Co
Jan
8%
50
Co
preferred
6 'ro
963
3%
1U
.
22
111 Va July
'
34% July
66%
3%
'
Common
4%%
Jan
July
18%
100
—
—
__
East Boston Co...
6'/»
24
102
34
'
22
preferred—
Calumet & Hecla
Gas
Jan
65%
—'
,
81%
4,899
Jan
5
common
Cities Service Co
104
33%
class D 1st pfd stamped—.—100
#
Boston Personal Prop Trust
Eastern
24
7
10%
Range
434
90%
14%
_
10
♦
Stamped
8 ';b class B 1st pfd stamped
7% class C 1st pfd stamped—
Copper
24%
25 Va
30
Af 3 %
20
Convertible
preferred —.
Chicago Towel Co conv preferred—4'
Jun
96
'
33%
prior preferred
Sprvice
3% Nov
RR—
7 Vo
Cities
Jan
12
66
5%
A
32%
Jan
3
12
;
.
Elevated Ry
Maine
Jan
116% 116%
25
Boston Herald Traveler Corp
&
17%
127 Va
;
100
Edison
10
1,841
'
•
pfd..—100
-
Albany RR—
Boston
Boston
■■
—
4.
Inc
26%
"■/
155%
100
215
1%
Chicago City & Conn Rys common—*
Chicago Corp common}
1
'
100
Anaconda Copper
3%
26%
153 % 155%
100
Chain
High
3%
100
Tel
26%
>
■
153% 155%
4%
—3
common-
___——|—1—
preferred —1
Preferred
Low
July
26%
1
common_-J_
Illinois
Central
Range Since January 1
High
Apr
18 V*
33%
34%
109 . 109
3
Convertible
for Week
Low
Jan
Nov
Nov
6V4
17
Inc; common——-5
Corp
(E
Common
Shares
12%
l
Central Illinois Securities
Sales
of Prices
400
15
40 %
"A?
16%
5
Corp_
Laughlin
Central & South
Range
Sale Price
Jan
,3
(DeJawdre)——
Brewing
Bruce
Exchange
Last
STOCKS—
Jan
2%
i
inclusive, compiled from official sales lists
Week's
Jan
6
100
common—
Manufacturing Do capital
&
central
Friday
capital
commo'n
Campbell Wyant &
Boston Stock
10
1.100
•
Tel Co
&
Piston Ring
Butler Brothers
18 to Nov. 19 both
100
2.850
4 As
*>
—
Mfg Co
Washer
Burd
Nov.
15
40%
4%
Corp.J__/ —
Aviation
Corp) common7——5
Bendix
64% Jun
100
1945
—
52%
59%
59%
15
38
4%
Belmont Radio
.
Binks
Transit
15
39%
5
Bastian-Blessing Co common—:——J*
Belden Manufacturing! Co common—10
Berghoff
5s series A
57% Nov
Nov
Bonds—
Baltimore
62% Mar
Jan
Tel
Aviation Corp
May
27%
35 %
Jan
27%
Jan
41%
American
Oct
29%
__
35 %
50
Bank
10
27%
2
.
_
30
130
140
—25
Fidelity & Guar
!:
30
51%
27
preferred-!———25
Co
High
\.
87
57%
Public Service Preferred—100
&
Low
57%
57%
Corp-~
Chalmers
Automatic
Serv—
(Tom) Distillery
Amsterdam
U S
Pub
Range Since January 1
57%
American
Armour
Monongahela West Penn
7% preferred
'Castingscommon-
Laboratories
Share*
High
—25
Aluminum
Allied
July
42%
;Jr'
t c.25
v
145
6%
Low
*
(J D) Manufacturing com—-i*
Oil & Gas Co'common
*
Adams
Advanced
Sales
for Week
of Prices
Par
common—.
commdn—.
Allied
Sugars Assoc
Range
Sale Price
*
High
;
1.00 Mar
1,225
62
V-
STOCKS—
Range Since January 1
LOW
18%
1.50
Week's
Last
High
18%
1.55
Friday
Sales
for Week
Range
16%
17
17%
17%
.
400
30
14% Apr
50
Oct
July
37% July
19%
Sep
23% Jitfy
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4231
158
2075
OTHER STOCK EXCHANGES
-v
'
!,v
^
Friday
:
V
,
■.
/■;' >%' V/
•
Northwest Bancorp common
Western
"7'r
Utilities
preferred';
'
Week's
Sales
for Week
Range
.;;./;
—^
of Prices
Low
15
Shares
Ranre Since
High
15%
>4
200
16%
10% Jan
Oct
96
96
30
56;
Jan
103
21 %
30
9:
Jan
23
Oct
Id
13
13
50
8% Jan
12**
12t
Ml
Friday
Sep
20
Gas &
Omnibus
Corp
pfd——100
—
134 Aug
—6
common.—
,
6'4
%
lie;
Mar
4%
25
6%
123
4 May
8
Jan
Peabody Coal Co—
6%
preferred
Penn
.
A
c'ass
Poor
&
Co
class
17
/%.'
25%
_50
100
Car
Quaker
Oats
Co
'—
*
common—
Common
Standard
pfd-.--*
V—
■
——2
—
Oil
33
56
May
Cliffs
Cliffs
Corp
Eaton
181
464
Jan
61 Va July
8
80
44
Jan
12%
Jun
Faultless
200
6;4
Jan
13%
Jun
Fostoria Pressed
85
740
70
Jan
92
18.
20
14
Jan
23
's
8'
19% May
100
10=4
300
7%
Jan
14
81%
753
594
Jan
90 4
Sep
34
230
Mar
44
Jan
33:
104
5%
—
49
3
5%
Goodyear Tire &
Steamship
344 May
13 4
Kelly
101%
3
;
10
Jail
8
42
135
Feb
Jan
Nov
Lamson
4
Sep
Leland
50%
*
Indiana
1
—
2
2Va
capital—2b
2%
32%
32%
1,150
14
830
284
Jan
100
14
3
Jan
Jan
33
July
Medusa
Stewart Warner Corp common
S.
Fur Corp common
10
Sundstrand Machine Tool common—5
Swift
<te
Co capital
International capital
Swift
Texas
Corp
Trane
Co
capital..
(The>
S
U
Gypsum
S
Steel
74
Co
common
common
cumulative
Utah Radio
1
Walgreen Co common./.
——*
Wayne Pump Co capital........—.....l
Western
Union Tel
common
Stores
Inc
Wrigley (Wm Jr
Co
>
capital
Radio
Unlisted
Corp
*
22%
Jan
27
.63
27%
Nov
354
.,
474
476
13
250
17%
129
class hz
Packer
Corp
Ri^hman
14 4
254 July
Seiberling Rubber
Thompson Products
Sep
79%
538
76%
Nov
23%
680
16%
Jan
32% July
59%
Jan
74%
Oct
59 4
July
•
864
60
51%
882
474
Jan
177
112(8
Jan
Bros.
_•
2
Jan
Anaconda
Copper
•
com
25%
393
204
Jan
28
July
224
35
184
Jan
26
July
434
61
26%
Jan
49%
80%
Jan.
89%
51
12%
50
99
30
65%
66
4
54
98% July
Jan
13
Oct
4. Jan
85
261
Oct
99
Nov
70 4
Sep
581
s
Jan
5 4
5 4
54
250
4%
Jan
74 May
30%
28%
30%
1,305
19%
Jan
8%
Bethlehem Steel Corp
8%
64
Jan
25
244
25
1,055
V 24 4
Nov
7
Jan
Feb
21
Oct
35
125
30
Jan
36% May
16
700
144
Jan
184 Mar
1.3 4
13 4
a
50
170
10
1504
Sep
170
Oct
6%
300
1%
Jan
7
Nov
29 4
15
29 4
Nov
30
Jun
12
Jan
13
Sep
Jan
15
July
4
252
13%
32%
31%
a7
8
55
837
114
23%
Feb
34% July
90
5%
100
5 Vli
Jan
4
3
1,500
17«
Sep
2%.
9
7
Jan
94
a29 4
5%.
2
0
60
30%
2
«
a7
5%
J
a
■—
...
a
;
ww.
'•,
.
-
^
129
35 % n35%
''
'
'
...•
10
May
50
Apr
Sep
.
Unlisted—
Cleveland
Graphite
General Electric
Glidden
Co
Interlake
New
Iron
York
S
common
RR
_1
.
a37s/'(i a37%
*
_
..
...
__
79
25
*
a64
.
«
■
common
a6 4
50
■.
a
...
common.
_*
Steel
60
a33% a35
al8VB al8 \a
_
.
common..
Central
Republic Steel
U
Bronze
common...
common...
a
164
16% al7
al6
•
210
al6V'4
250
a5034 a52
——
165
31%' Apr
53
50%
53
241
45 4
Jan
65
July
•
—
55-.
55%
316
55
Apr
common.—
•
—
•%"
1
Electric
11%
1,131
50
Curtlss-Wright
Co
6%
•
Interlake Iron Corp common
'
34 J/*
*
6%
33%
6
•
354
Nov
69
340
7
6%
Nov
9
1,372
30%
Jan
Jun
4
6%
400
154
15%
200
10
104
870
6
Watling, Lerciien & Co.
4 May
39% July
9%
Jan
Members
Apr
New York Stock
(Glenn L>
Nasli-Kelvinator
New York
Co
common..——-1
Corp
.—5
Central RR capital—
Paramount
Pullman
Jan
12
8%
Tool
Refining
*
Weinberger Drug Stores.
Youngstown Sheet & Tube
374 July
100
Mining
Atchison Topeka & Santa Fe com
Martin
31%
—
_
Warren
4% May
450
4
25
13
■
Inc....:.
125% July
34
405
12
Jun
69%
Feb
64
;
13%
•_
Jan
8
15%
!'a
29 4
"
■
«
Patterson-Sargent
534 July
Jan
*
,r~
Jan
42
v
Apr
5%
9
Slocks—
American Radiator & St San
General
4 July
14%
1,754
.
12%
66
*
common
Jan
274
28%
99
__
Yates-American Machine capital..—5
Zenith
164
25%
LeMur
30%
61
100
19
170
Nineteen Hundred class A
88%
"
*
common
Nestle
Nov
Mar
21%
Cumulative prior preferred—...^
a
—
preferred....100
Jun
18
414
Westinghouse Elec & Mfg common—.50
Wieboldt
Refining 8't
14 4
12
25%
25%
July
5 4
l
Jan
34
—100
15
50
Ilia
153,i
Acme
National
Jan
50%
__
355a
—
.
35
74
120% 121%
..
Jan
Jan
34
11
..
9H
a20Vo a'20%
,»
Cement—
7.
23
51
100
Products common—i
Nov
68 V8
•
preferred
44
76%
—20
120
38% July
Vlchek
_.
114
class B
100
17%
V—
/
Sep
50
.
;
19
100
13
__2
West Air Lines...5
Jun
164
,
900
464
—
Union Carbide & Carbon capital
—*
United
Air
Lines Transp capital—
5
U
10 = 8
July
20
Feb
%
12
28%
__
—25
common..
Transcontinental
27A
15
%
60
Jan
114
3312
16
16 4
Jan
15%
75
al04%al0434
I-——.
Tr
12
—
25
—
10
10%
—
Storkline
3 4
3(4
—
&
Sessions—
Portland
National
Sterling Brewers. Inc common—.—.1
50
20
43
...
>
Lime
Electric
25
35% a35%
15%
Jun
&
Apr
18% July
'
a36% n37 4
a32% a33%
preferred-!—•%_*
Jones & Laughlin
Jun
83
71.
Jan
al8% al8%
■'—
Rubber
cum
Jan
Island
22 4 Julv
Jan
10%
153.,
■■'Irr
(M A) $5
Interlake
Jan
59
19
18%
a
May
July
13
105
717
57
—
General Tire & Rubber
common..—25
Goodrich B
Hanna
135
14
57
Steel.—I:.*
10
50
49
Oct
«>
18 4
65
13%
19
29%
20
1,437
101
101
;
244
Jan
18 4
64
14
a
/
.....
High
96
Rubber
Mar
23
19.
Electric Controller
al43s
...
b
Manufacturing..!.
104
Low
53
:
■—
preferred—.—I*
Iron
common.—
McKee (A G)
,
01
Jan
'
:
—
234
10*4
Stockyards capital——*
Dredge—
560
33
104
—•
common
Nat
Standard
27%
Jun
Range Since January 1
Uigh
a64
al4
14%
——.1
....
174 Mar
3%
Corp class B common——.1
Signode Steel Strap Co preferred
.30
Power
864
Jan
10%
.
,
81'4
"
Serrick
Sinclair Oil Corp..—
Southwestern Light &
Feb
144
80%
•
Schwitzer Cummins caprtaL—1
Sears-Roebuck & Co capital.,
70;,
350
84
84'!'*
Sangamo Electric Co
Spiegel Inc.
Controller
18
•
.
50
174
7%
,-10 4
Manufacturing Co common.10
St Louis
Clark
Shares
a64
__.100
_
104
54'4
■
eonmmn—————.1
common
784
,/
x254
/—.
B—
Steel
Reliance
.77.%
..
.
—10
Pennsylvania RR capital—
Peoples Gas Lt & Coke capital
Pressed
Preferred
Cleveland
———ICO
——.
Electric Switch
Low
Fuel
for Week
of Prices
Par
Nov
Sales
Range
Sale Price
....
7$?
Elec
Week's
Last
8TOCKS-
City Ice &
Oklahoma
Exchange
Nov. 13 to Nov. 19 both
Inclusive, compiled from official sales lists
High
20
common.——-—2,v*4
Cleveland Stock
January 1
;l ow
96
lien pfd.100
—100
pr
:—
j
Nunn-Bush Shoe
•
■
i:WR'le Price
Par
North
Last
,
STOCKS—
Pictures
Pure Oil Co
(The)
May
Jan
15
15%
15%
16%
1,275
104
Jan
20
22%
23%
1,225
154
Jan
30
35%
36%
233
26%
Jan
40
14%
154
395
July
July
4 May
9%
1,933
164
270
•
...
9*4
common
Republic Steel Corp common
•
L—
8
V-t
15%
New
Detroit Stock Exchange
May
23(4
•
common
Exchange
Jun
•
L
.Radio Corp of America
24
-6%
-
Nov
*
common.
Inc capital—
:
—
154
94
Jan
19
5
Jan
Jan
Ford Building
DETROIT
Telephone: Randolph 5530
124 May
14
York Curb Associate
Chicago Stock Exchange
204 July
>•
Standard BrandsNew
common
/_——
_*■
—
U.
Corp
S. Rubber Co
10
common—
266
247a
Sep
544
389
46%
Jan :
60% Sep
11%
11%
445
5'Ta
Jan
13%
Jun
38 4
11%
27%
52%
—
.
1
common..
:
27 4
Standard Oil of New Jersey capital—25
Studebaker
384
53
254
Jan
464
Sep
.-•(
29 4
>
Nov
Detroit Stock
Friday
Week's
Last
STOCKS—
Briggs
Brown,
Friday
STOCKS—
Week's
Last
Range
Sale Price
Par
American
Baldwin
Latmdrv Machine—
—
•;
.
Champion
Paper &
Cincinnati
Ball
Fibre..—
,
.
25%
25%
25%
10
10
P
Shares
;J
Range Since January l
High
86
20
4
Jan
28
4 July
119
6
»
Sep
10
Nov
Edison
19 4
280
2%
100
17%
Jan
■"
23% July
44 July
24
Feb
Cincinnati Gas ic Electric preferred .100-
1024 102 4
44
814
Jan
102 4
Nov
C
100'4 1004
76
84
Feb
101
Iron common—
Ex-Cell-O Corp common;
Gar Wood Industries
General
Goebel
Motors
Jun
—..——3
...
.10
...
common—
4 4
4
14
__
1 4
74 May
304
Jan
70c
Jun
1%
Jan
Apr
5
Apr
22% July
Jan
Jun
14
Apr
205
•
20 4
Nov
27% Mar
1,500
4'/ 44-
49% "49%
2% ' 2%
—
3
174
250
High
Jan
Jan
1%
3,137
20 4
44
21
1,330
20 %
90c
20 4
_L
.1
„
200
4(4
44
Brewing common———1
14
90c
:
—
.3
182
204
20 4 -
.5
common.
common
4 4
20
150
14
10
common
5%
24 4
34
Jan
•%'' 6% Jun
936
44 4
1%
100
200
83c
Jan" ""
56
July
-34 May
24 May
Jan
Jan
Aug
9
Nav
common
.
.
Range Since January 1
Low
5%
•
;
.1
common—..,
Cleveland
Graham-Paige
2%
'
&
Detroit Gray
Low
19%
5
Detroit
Detroit
Sales
for Week
High
.10
8
...
Crank..
of Prices
Low
20
.
;
McLaren
Shaies
High
24 4
...
Manufacturing common...—*
i
•
for Week
of Prices
Low
Baldwin Rubber common—__„_1
Nov. 13 to Nov. 19 both inclusive, compiled from official sales lists
^
Sales
Range
Sale Price
Par
Cincinnati Stock Exchange
Exchange
Nov. 13 to Nov. 19 both inclusive, compiled from official sales lists
v
N O &
T P
Cincinnati Street
50
_
-
Drug
Engle-Picher
Formica
10%
...
_
12
Kahn
2%
Jan
25
7%
Jan
Kinsel
Nov
304
350
28 4
45
it
31%
at
20'
...
•
.
..100
.....
0
—
...
..
2
544
—
Card
__
16%
Jan
35
Jan
20
Jan
30
May
Printing
Preferred
■
40
Jun
10
Oct
35
20
Feb
30
j
—
a.
'
-
Ilio
-
L.
534
40
55
37
July
10 4
25
31 Va
324
178
20
4
204
53%
544
74
standard
x
Motors—;
634
8
524
-25
12'I
225
6%
Mich
Steel
Tube
1%
Jan
4
Jun
65c
100
49c
Feb
75c
Apr
245
194
Jan
23% Aug
2
__
2
4%
17c
—
100
1,525
2
Nov
4 4. Apr
24
Jan
4%
Sugar
200
13c
Jan
1%
—
9
common—.
17c
1%
300
1%
5V2
700
44
28c
Jan
54
'
24
common..
Murray Corp common..
Jan
43
Feb
104
Oct
"
Parke,
24%
Feb
32%
Oct
Parker Rust-Proof
1
48%
225
10
2%
40%
196
10
381
3
534
386
38
12
124
3%
49 3 s
Park
Chem
Co
common.
Motor
Davis
■Feb
25
Jun
Jan
■58
Nov
Jan
65c
74c
200
9
250
3
1,315
Apr
24 Jun
6%
Apr
Nov
228
Jun
Rickel
Jan
8
Jun
River Raisin
Car
30%
,
.....
10
8%
...
Jan
14 May
5%
Jan
11% July
1%
Jan
24
62c
...—......1
3
—
V
*
34 duly
—24
common
May
May
Jan
5
304
common...
31
630
28
Jan
32
18
18
115
10
Jan
18,1 July
76c
1 4
Jan
Jan
3%
common
—
3%
410
Sep
Peninsular Metal
Products common.^.l
Jan
42
July
(H
W-i
common
common
—______
Scotten-Dillon
Oct
Nov
Simplicity
Pattern
Tube
400
1%
200
.1
l
a
July
2/4 Mar
3
3
400
24
Jan
3% Nov
2%
.
24
450
14 Jan
^3,a,Jun
12
—
—1
common..
"B"
14
1%
2('a
,-10
Sheller Mfg common...
54
14
'
*
:
common...
10
Jan /.'
14
1
———.2
Paper common
Jan
see
Tivoli Brewery
278
10%
Jan
164 July
United
14%
20
10%
Jan
15%
Aug
Universal
44
165
2 :
Jan
54
Jun
12
100
10%
Jan
Jan
3%
2
24'-
100
1A Jan
1/(4
450
l
2'%
2%
1,515
4%
common...——_:1
100
14
;
3%
24
—
49%
107
444
27 4
page 2079.
Shirt
1
common
Dist
Cooler
—*
common.,
class A
—4—
!.
—
*
.
27%
100
44%
-
Timken Roller Bearing
For footnotes
200
Oct
Apr
22 4
4
..
common.—.—...J
Prudential Invest
14%
Gas
Brardc
24
13%
83c
43s
300
6V2
64
100
1%
1%
700
68c
100
18% Apr
a
,4
Jan
^
.4
•<.
t
J
■
2/8 July
2/4
y
11' '
Rolling Mill-
City Ice'& Fuel.
General
Oil
64
61' 120
324
Unlisted-
Columbia
.
Michigan Die Casting common.——....1
Standard
American
24
51c
Jail
Jan
9 4
j
Nov
40
;
....
900
22V4
—
2
200
51c
65c
10
common.—t.—„ 1
13
51c
„
...1
LaSalle Wines common
Michigan
10
30
-
..
...
1
common..
13
•
13 % May
30
225
...
Playing
13
1
common..
(S S)
Lakey Fdry & Mach
41/2
—24
—
common.—
Drug
Kresge
Packard
preferred
S.
'
'
Rapid
U.
100
10%
741/2 July
23% July
40
*■
■
—
Procter & Gamble
S
w.4^'
A
■—
Lunkenheimer
U
44
10%
Jun
Jan
10
100
-
Kroger
8'r
Jan
7%
60
104
Participating preferred
Hobart class
9%
304
.
Hatfield prior preferred
55
664
28
ft
Gibson Art
3
15 3 4
McClanahan
4>
Insulation
Mfg common—
Hurd Lock & Mfg common..
Kingston Products
84
724
15%
,v
.....
7%
72 4
.50
—:
—
Dow
84
44
Cincinnati Telephone
Croslcy Corp
Hoskins
44%
40
25
Sep
41% Jan
Jan
Class
B
*
UiSeXaflZTZIZ*
1%
VA> Jan
3
Jan
3,8 Jan
Jan
20
20
294
294
80C
17
Jan
14
1.170
1
Aug
2% Nov
44
c_
'/? —^
24 May
204 Jun
55% July
294
Nov
49% July
Walker & Co
Warner
class
Aircraft
A—
-common
—294
..1
—
1
291^ S°r
1% i
THE COMMERCIAL & FINANCIAL
CHRONICLE
Monday, November 22, 1943
OTHER STOCK EXCHANGES
Nov. 13 to Nov. 1!) both
inclusive, compiled from official sales lists
Friday
Week's
Last
STOCKS—
Sale Price
Bandint
Petroleum
Barker Bros
Inc
Company
2%
i
Consolidated
High
Low
STOCKS—
1.80
Feb
4% May
American Stores—
4%
200
3%
Jan
5Va
American
11%
35c
5
35c
Oct
7
Feb
15
Sep
10c
100
Jan
50c
Oct
Chica
Co
Central Investment Corp
Cessna Aircraft Co—
Chrysler
,
__
__
_10u
1
Budd
Electrical
America
Products
Motors
Goodyear
Corp common
&
Rubber
Co
Oil
Nordon
6%
5% %
Lighting
Corp
Corp
Sinclair
Oil
12
al%
Southern Calif
Standard
Oil
Co
Universal
Van
Aug
35c
5c
Jan
8c
270
6c
4%
Jan
9
Mar
30%
Sep
1,000
6
36%
248
29
Mar
33
Nov
476
34%
Jan
500
2.10
Jan
8%
8%
170
7%
Jan
3
3%
3
1,100
6%
Jun
Nov
5% Mar
43
20
35%
Jan
120
32
Jan
42
Oil
23%
23%
162
17%
Jan
27
90
7%
Jan
13
21%
Jan
43%. 143%
10
397a
Jan
29%
30%
992
29%
Nov
542
28%
Feb
32
34%
12
33
Jan
36%
Co
35
32% Mar.
37
23%
1,541
16
Jan
36%
1,918
28 %
Jan
102
1%
Jan
35%
35%
a64%
65%
5
*
109
5
64%
13
125
13
7%
53'A
110
8
Apr
6%
Jan
10
19 %
Mar
2,219
15%
Jan
May
24% July
22% Julv
Jan
13
18%
11
400
9
30
20
38
11
20
<
77% May
60
19
a9
Jan
Sep
1,457
7%
18%
-10
6%
13 %
18%
a
5%
5%
8%
6%
16
100
lc
lc
Jan
Sep
July
8%
Mar
lc
•
Co
20,
Oct
'
Jun
4,000
Baldwin
Locomotive Works
Oil
Co
v
t c__
Commonwealth
Vultee
43% July
Feb
24%
Nov
156% July
31% Jan
3%
Jan
52%
48
Jan
25%
25%
21%
Feb
27
3%
3%
3%
Nov
16'A
12%
Feb
a
16%
16
a 15
Electric
15%
13
33 %
55%
Aug
29%
Feb
34%
7%
7%
100
6%
Jan
42%
42%
42%
135
42%
Jan
45
24%
24%
188
22%
Jan
26%
Corp
1 (T
U
110
%
Jan
10 3A
10%
177
10%
Nov
it
_♦
1
4%
Co
4%
250
4%
a31%
1
31%
10
29%
6%
200
6%
Nov
•
34
&39%
Loew's
Inc—
35%
825
♦
Nov
Corp
6
July
9% May
Jan
8'% Mar
2'A
5%
Jan
Jan
7%
Jun
4%
3%
Jan
5%
Sep
23%
Jan
32%
Apr
%
20%
16%
Apr
21%
Oct
24 %
24%
23%
Apr
26% Aug
116% 117%
114%
Jan
120% Aug
20
20 %
21%
13%
Jan
26'A
14%
15%
14%
Nov
26%
28
22%
Jan
22% May
30 % Mar
Jun
10%
2%
Jan
11%
Oct
39%
37%
Oct
43%
Feb
59%
—
10%
38%
60%
48%
Jan
63 % Mar
tV,
%
Feb
1% July
iS Jan
2% Aug
1
-25
common—
—25
%
Jan
Feb
430
j9j
Jan
650
17%
Jan
35%
Sep
13,789
1%
Jun
2%
Jun
56
12%
1
common......
preferred
Gas
Sep
27%
common-
—
31%
30%
—
2% May
Improvement—
Ex-stock
distribution
Westmoreland
Inc
—
Feb
16
Oct
V
'
•
/
•
■
..
1
1
-
•'
"
Pittsburgh Stock Exchange
Nov. 13 to Nov, 19 both inclusive, compiled from official sales lists
Week's
Last
Sale Price
Sales
Range
Friday
STOCKS—
for Week
of Prices
Low
Allegheny Ludlum Steel,
Bla.w-Knox
Clark
(D Li
Columbia
&
Devonian Oil
Harbison
Low
8%
Jun
Jan
7%
Jun
2
*
common
Jan
5'A
Jun
15%
Jan
17% May
14%
8%
Jan
14%
Nov
3%
3%
1%
Jan
3%
Nov
14%
—
16
14%
—.
15%
13%
Jan
Brewing———.
(Joseph)
31%
6%
Electric
Walker
High
Jan
7%
Candy.—
Gas
Pitt
Range Since January 1
27
7%
Duquesne Brewing
Fort
Shares
High
26%
Co——
Lone
Star
Refractories.
preferred—
115
Mountain
National
Gas__—
15
115
/
112
8%
8%
Fuel Supply
Fireproofing Corp.
18'A July
115
Aug
7
8%
7%
Nov
5%
9'A
Nov
55c
Jun
25c
92%
93%
843/4
4%
4Va
Jan
8
July
Jan
50c
40%
158
35%
130
26%
143
228
250
a54%
54 %
18
a22%
Montgomery Ward & Co Inc.—
•
a41%
New
»
15%
1
a8%
6%
»
American
Aviation,
American
Inc,
Co
»
Car
Co.!
,
Dodge
95c
Mar
Steel
Railway
Inc_
Oil
Standard
Oil
.___
Co
(N
Core
(Indiana)
J)
United Air Lines Transport
United Aircraft Corp
35
8%
60
36%
16%
1,014
9
80
10%
9
Feb
Jan
20%
Nov
14
Apr
Apr
18% July
Jan
21
July
American
Jan
5
May
Brown
Shoe
27%
355
31%
Apr
175
2134
Nov
23 %
Aug
Coca-Cola
35%
100
33%
Aug
35%
Nov
Columbia Brewing
153/8
70
9
152
16%
80
Mfg Co
Woolworth Company (F
W)
12%
5
14%
Jan
Jun
19%
246
12'A
12% May
20% July
87
Dr
July
10%
Jan
15
Jan
Huttig S & D
29%
Nov
32%
29% Apr
29% Nov
32%
55
28%
Feb
363A July
Preferred
47%
Jan
60
13
May
26% Aug
50 % Aug
114
12
238
5%
Jan
26%
35
24%
Feb
46%
46%
72
42%
Jan
12%
100
9%
Jan
77%
a
77%
93%
943/8
23%
a
23%
23% '
259
„
Oct
84 %
18%
Jan
29
27%
Jan
28 %
25
a37%
38 %
125
33
Mar
51%
51%
220
48
Jan
59
Jan
-i_—
—
-100
International Shoe
Laclede
Steel
♦
common
1-20
common—
*
Midwest Piping & Supply common_
Missouri Portland Cement common —25
Apr
Sep
National
39% May
45
Sep
—
_
—
Candy common
Rice-Stix
Dry Goods
—
__
■6
Jan
26'%
Sep
7%
Jan
11%
Nov
200
6%
Jun
19
200
12%
Jan
27%
130
23
Jan
28
Oct
28'A
50
17
Jan
28%
Nov
6%
8%
common
—'I
6
6
36%
36
21
July
St
Louis
Bank
St
Louis
Pub Service
50
48%
Oct
15%
a88%-
89%
45
82
Jan
82
Jan
a
35%
35%
253
36
Mar
40%
Jun
Wagner
Electric
..15
/
com
common
common
A
...
100
50"
5%
7%
20c
Oct
Jan
Jan
7% July
•
8%
70c
Nov
Apr
3%
Jan
7%' Oct
38% July
.
36%
326
28%
Jan
15%
16
442
15%
Jan
18
Mar
16%
50
14%
Jan
20
Mar
15%
15%
100.
12%
Jan
16% Aug
Jan
16%
200
11
105
105
120
99
Jan
105
34
34
35
994
14%
Jan
40
Sep
9
9
9
140
6%
Jan
10
Sep
3
200
15%
.100
10
Scruggs-V-B Inc preferred
2nd preferred
Bldg Equipt
100
100
I6V2
1534
*>
15% July
Julv
6%
8%
40c
«
35% Aug
I
17%
85
53A
105
—
50
■
Jan
75
11%
40c
p
National Bearing Metals common-
200
,
3%
23%
18%
.
10%
7%
July
28%
common.. .100
41%
■
Nov
43
27 %
18%
—
Ills
—
10%
'
■
0
common
a41%
100
46
Jan
11%
5%
—
common. —23
common,....;
page 2079.
<>
Hydraulic Pressed Brick
Preferred
27%
a
Jan
'
5
Sep
15 3A July
OO r-A
Hussmann-Ligonier
60
215
High
40
31
Nov
16%
53%
40
23
1
-
Pepper common
50
123/8
•
.10
common.
common
Ely & Walker Dry Goods
55
•
Low
8
10
44%
'
Bottling
809
,;
Range Since January 1
July
lac.
Jan
Sales
Shares
Jun
Jan
5934
official sales lists
for Week
High
40
—
Griesedieck-Western Brewing common.6
81%
of Prices
44%
*
Century Electric Co.
21%
27%
Week's
Low
preferred.. -50
common
20%
Jan
Exchange
Range
Sale Price
Par
Investors 5%
210
14%
Bell Teletype 3L 693
19 both inclusive, compiled from
STOCKS—
Jan
24
Phone
CEntral 7600
Postal Long Distance
Chicago Board of Trade
Last
12
15%
Co.
St. Louis 2, Missouri
Friday
10%
2%
&
1922
St. Louis Stock
23'A
11%
5
III II •
IIIIH5
&
24% May
Apr
Jun
42
'
Western Union
Telegraph Co
9% May
Jan
16% Mar
Jan
19%
a
—
10
United States Steel
Corp
Warner Bros Pictures Inc
see
Jun
Jan
a25%
—
5
U S Rubber Co
North 4th St.,
21% May
48 % July
350
a53 %
—
100
.
Nov
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
27%
_10
Union Carbide & Carbon Corp
Union Pacific Railroad
Company
Nov
Jan
5%
153A
New York Stock Exchange
St. Loula Stock Exchange
Chicago Stock Exch.
Oct
May
3%
12
a
25
Associated Oil Co.
footnotes
25
25
—
10 3/4
53A
6%
10
Members
a27 %
1
(The)—
Westinghouse Elec
5%
300
al93Zi
25
.
_*
Co
12%
*
6
Company
Apr
Mar
21
75
a81%
15
Co
Brands
Oct
6%
20%
Established
July
25
300
al6
•
Socony-Vacuum Oil Co
Southern
6%
30
42
36
22 %
16%
a8%
•
Standard
Standard
a
•
Co
&
98%
Jan
6%
Edward D. Jones
27%
a
»
Corp_
Jan
%
19%
_1
Brake—
63% July
15%
23%
25
,
of America
Roebuck
_1
—
;
10
4
St. Louis Listed and Unlisted Securities
Apr
Apr
3%
50
Corporation
Pullman Incorporated
Oil Co
.5
...
Springs
Air
35%
Pennsylvania Railroad Co.
Pure
Steel
Westinghouse
July
54
16 %
•
Inc
Manufacturing
Standard
Apr
10
.
15 %
a
—
Pictures
Ruud
Nov. 13 to Nov.
Oil Co
Motor
39
Nov
6 V2
—
,
9%
Jan
26%
11%
RR+.
Pittsburgh Screw & Bolt Corp
7 % May
37
Jan
39%
31%
Inc
31%
Jan
2634
,*
6 3/0
For
5 %
1 % May
20%
Feb
6%
6%
11%
&
3%
_
Oct
a30%
Water
43
Sep
56% July
Apr
24%
♦
Texas Corp
Jan
___
Corp
11% May
7
Swift
44
Corp
Nov
a7%
Tel & Tel Corp—
Copper Corp—
McNeill & Libby
Tide
999
Sep
29%
Corp
International
Studebaker
$3
United
July
28%
Corp
Central
69
27%
33%
__25
Co
(Del)—
Robbins
Nov
33'/a
Libby,
Sears,
United
19
July
38% July
Nov
55%
a27%
Kennecott
&
Jan
33%
•
*
International Nickel Co of Canada
Republic
49%
Jun
a33%
5
Corp
49
6% Apr
19% May
25%
25
Curtiss-Wright Corp
Foods
6
a50%
a
55%
Continental
General
Jun
5
1—:
Southern
Co
11%
July
64% July
1
Oil
4%
33%
—
Aircraft
General
25
4%
15
:
&
Jan
Aug
•
Continental Motors Corp—
Radio
45%
Jan
49%
Pittsburgh Plate Glass
6%
39 %
;__5
.
Commonwealth Edison
Phelps
Sep
131%
25
5
Corp
Canadian Pacific Rv Co
Packard
lc
Sep
8%
25
13
.———
Aviation
Paramount
lc
37%
3
Caterpillar Tractor Co
North
Jan
33%
Oct
Apr
a8%
25
__
Borg-Warner Corp
Ohio
7
2c
153% 155%
155%
a
50
Co._
Bethlehem Steel Corp
Borden Co
North
Jan
%c July
a37%
6
100
Fe Ry__100
Corp
York
3%
1,100
lc
—-5
& Santa
Refining
McKesson
Jan
16%
143
common
Preferred
30% May
39% May
—*
(111)
Atlantic
Consol
1%
125
39
4%
1
Sep
34%
21%
a
23%
Inc__5
Copper Mining Co
Aviation
Bendix
270
41%
38%
__
Stocks—
Atchison, Topeka
Barnsdall
5%
41
38%
Sep
Amer Rad & Std Sanl Corp
&
Oil
Invest
Apr
85% July
7'% May
preferred-
Home
American Smelting & Refining
American Tel & Tel Co
Anaconda
Jan
43,8
Sep
a34%
Gold Mining Co
Mining Co
Imperial Development Co Ltd...-.
Armour
67%
25%
32% Aug
29%
Gold
Unlisted
175
May
4%
.
29%
Juneau
Cardinal
743i
Light—
25'A July
44 % Sep
10%
23
Mining Stocks—
Alaska
10%
July
1,925
10%
22%
a
pfd—_6
1st
10
Jan
3%
Jun
—
Co
Jan
6%
Jun
25
Fixture
3
5
46 % July
39
•
H D Bakers Ine
600
7%
74%
common..
Dome
Transit
11% July
38%
2
Consolidated
4%
Engine Co———
Tonopah Mining
44 % July
5%
„i——__ 1
Air
4%
7%
Aug
32%
5%
—25
—
19% May
Feb
40
32%
39 %
a43
Jan
Scott Paper commonSun Oil
July
25
California
&
26c
Salt
Sep
Jan
11%
10
Corporation
2nd
Nov
1.80 May
Jan
Corp
de Kamp's
70c
Oct
158%
127%
—
•
preferred
Philco
1,6
420
Navigation—
RR
&
High
11% Mar
v
16%
16
Corp
Reading Co
24% Mar
Jan
25
Weber Showcase
150
Nov
Jan
30%
California
Corp-
of
15c
13%
57 %c Mar
97%c
23%
•
Transcontinental & Western
Oil
2,340
Feb
403
628
—
•
preference
Jun
40c
553
*
Co
Transamenca
200
1.05
11%
25
Corp—
Milling
320
14%
Jan
Jan
6%
27c
Si
4.4%
Low
15
•
Philadelphia Electric Co
Mar
Range Since January 1
High
14%
Pennsylvania RR
2% May
9c
25
of
Oil
Union
100
70c
Jan
445
25
pfd——
•
Shares
153% 156%
4%
•
—
_
common
Power
Pennroad
Oct
Jan
35 %
Co
Sunray
18
29%
.
Ltd—
preferred class A—_._;
Pacific
48%
lc
250
6
—25
6%
Southern
Jan
_15
C
Gas
34
4,000
32c
1
Co
Co
Coal &
National
July
30
preferred
Superior Oil
5c
10
6
Edison
common
—
preferred
Lehigh
Aug
41
•
Corporation
Calif
Co
.5
Jacobs Aircraft
Mar
Jan
10
1%
5c
440
26%
1
Corp
preferred
Taylor
14
35%
common..
Mfg
Lehigh Valley
55% July
Jan
*
preferred class B__
5 % %
6%
Jan
9
25
—.
Oil
Original
6%
Feb
44%
29%
common
16%
Electric Storage Battery
General Motors—
;
Oct
405 %
25
common
Security Co
12%
5
25
Safeway Stores Inc—
Southern
Jan
10
al5c
Ryan Aeronautical Co
Union
7%
425
6c
Republic Petroleum Co
Shell
120
12%
1
;
Pub
Prior
Sep
14%
common
Curtis
Jan
8
100
657
6
Electric
&
Oil
22%
890
73/8
7%
70c
preferred
Richfield
19 V8 Aug
3% Jan
22
44%
Co
13
v t c
Oct
49%
—.
1st preferred--
Pacific
10%
44%
Corp—
Petroleum
Gas
1st
Jan
32c
Clay Products.
Pacific
Jan
6%
12 %
Corp Ltd
Pacific
68%
a44 %
Co
Merchants
107
10
Mfg Co
14%
156%
Chrysler Corp
Sep
12%
10c
Aircraft
Oil
Menasco
53 %
Nov
144
Lincoln Petroleum Co
Mascot
Jan
33%
Lane-Wells Co
Lockheed
19
32%
1
_
Co—
37
325
a33
Hancock Oil Co class A common——6
Jade
24% May-
49%
*
Hupp Motor Car Corp
Jan
4,230
425
a
G)
•
100
—
Tel
Budd Wheel Co.—
July
74%
•12%
6
Tire
16%
73/8
7%
—10
McBean & Co—__
25
5%
21%
Farmers & Merchants Nat'l Bank—100
General
Gladding,
14
4
8% A 9%
4
.
Jan
5%
(E
Low
Jun
10% May
81
Sep
1
Corp
2.05
49%
a 74%
a74%
21%
_
of
1*4 July
Jan
7%
53/a
5%
9%
Preferred
Creameries
T7.- Feb
75c
209
17%
46
—.
Consolidated Steel Corp
14
al7%
.
5%
5
;
■<.
46
—1
Corp
100
400
14
__
—4
—
%
1.20
■
Corp——_1
Broadway Dept Store Inc common
A
Byron Jackson
,3/4
A4
1.20
__
Oil
&
Baldwin Locomotive Works
"
Berkey & Gay Furniture Co——1
Bolsa
Tel
for Week
of Prices
Par
1,000
Sales
Range
Sale Price
High
2%
214
all %
all%
__
Week's
Last
Range Since January 1
4%
__
1
Friday
Shares
2%
2'/a
__
A-
Corp common
Barnhart-Morrow
Low
50o
•
for Week
of Prices
Par
Aircraft Accessories,
Nov. 13 to Nov. 19 both inclusive, compiled from official sales lists
Sales
Range
..
3
1
100
3
15%
2
July
3
Jun
Nov
Nov
22
8%
Jan
113/a
Jun
50
50
4
45%
Feb
50
Nov
102
102
12
97
Feb
32
32
64
24%
Jan
9%
—
4.
9%
102%
34
Oct
Oct
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4231
158
CANADIAN
LISTED
2077
MARKETS
Montreal Stock Exchange
Canadian
Nov. 13 to Nov. 19 both
Canadian
Nov, 13 to Nov. 19 both
inclusive, compiled from official sales lists
Friday
Week's
Last
STOCKS-
U
Funds
Range
of Prices
Sale Price
Acme
Glove
Works
Agnew-Surpass
Algoma
6% %. pfd—100
preferred
100
Ltd
Shoe
Steel
Aluminium
Friday
fi!Tnrlr(a
common
Asbestos
Corp—
Bell
Telephone Co ol
Brazilian
British
Traction
111
Feb
70
113
9
75
8%
Feb
11
94%
Nov
133
May
Nov
103%
100
100
70
100%
class A—
21%
22%
870
21%
Jan
2014
21%
275
15
Jan
12%
Nov
15%
Jan
158'%
28 %
Sep
156
rut)
Pwr_—:
12%
21
Columbia Power Class A.
2,255
22%
24
14%
4,330
24
8
8
16
75
Jan
9
Wire
Canada
5%
Power
Steamship
common.
preferred
103
*
—a
8
10
•
92
Jan
92
5%
133
8%
Jan
4%
1,340
103
8
8%
106'%
7%
Sep
406
9
Jan
31
Nov
38
Breweries
•
common.....
Preferred
4%
4%
5%
Vickers
common
Prefeired
Canadian
Celanese
Preferred
common..
T/c
100
8%
475
7%
25%
480
25%
Nov
27%
"
32
143
100
143
29
28
36%
175
27
Jan
143 %
35%
——.100
400
133
Feb
29
Donnacona
Oct
Foreign Investment com____*
Canadian
Ind
Canadian
Locomotive
Alcohol
Canadian Pacific
25
*
common..:
*
5
«
Railway,.
33
5
5%
3%
1,035
19%
10
8%
9%
12,605.
9
Feb
25
35
19%
19%
25
25
.
Distillers Seagrams
Dominion Bridge
Dominion
Coal
Preferred
39
Ltd
10%
Limitee
&
July
151/. Mar
19
Jun
44
8%
Apr
Oct
10%
143
j.£n
169
May-
1.80
Aug
171
85c
Jan
3 %
May
50c
Jan
1.15
Jun
6
25
2
Jan
300
3%
Jan
110
25%
Jan
47%
40
39%
Jan
2%
660
41%
47%
2%
Oct
50
39'
2%
Mar
100
55c
35
__
10 Ve
Jun
7%
Apr
77
Apr
48
Nov
•
2% May
3%
Jun
15c
15c
Feb
45c
10%
10%
36
8
Feb
12
4%
__
4%
3.398
3
Jan
2i»U
11
Feb
16
Aug
4%
__
16
85
16
29
29
preferred—.—20
Ltd
15c
May
Sep
6% July
•
7%
of
Canada
Companies,
Voting* trust
Lid
A_
Nov
Hydro-Electric Securities Corporation.*
Jun
International
.
Class
Utilities
B
♦
Corp
A
13%
37%
46
July
29
July
Massey-Harris Co
Ltd
Oil
Oct
Melchers
Distilleries
July
Montreal
780
26
Jan
41%
22'/4
22%
23%
525
22%
Nov
31 %
27 % Mar
11%
Jan
16%
3% Mar
29
12
3'%
2%
90
23%
Jan
2%
$3
Jun
Power
&
Paper Co..
5%
pfd
6%
Jun
Sep
255
19%
Jan
24%
Oct
15%
102
12'%
Jari
17%
1,725
12%
Jan
3%
25
18-%
20
3,025
16%
16%
16%
1.50
370
25
16
100
pfd.100
pfd
10
preferred
cum
120
120
10
220
Jan
126
Aug
Noorduyn
157
157
10
152
Feb
159
Feb
Power
Nov
11
Jan<k
Jan
10% July
9% July
1.25
*
Nov
75c
Jun
10
Jan
18%
15%
Jan
20
3%
25
14'%
5
25%
30
Sep
July
Jan
22
Jan
104'%
Nov
Feb
7
July
July
98
105
1.25
25%
__
Jun
20
Jaa
570
7
V
5%
Jan^>
15c
25
103'%
7
July
20% July
11
19'%.
103
20
5'%
75c
Apr
July
85c
20
Jan
25%
Sep
May
July
July
Mar
19
__
cum
Limited
May
4%
28%
24
*
35
Nov
Jun
MacLaren
7'% Aug
21% Mar
3%
'
__
14
275
28%
15%
Refrig & Storage Vot Trust..*
610
925
23
16%
Jan
Sep
5%
28%
:
*
Nov
Aug
15%
2%
'
16%
1
——
30
Jan
26
*
———
—.
Jan
9%
15%
•
Ltd
24%
2o0
5%
26
23%
Motor
Limited—
485
1*0%
...
pfd—100
cum
29
9%
97%
2'%
Aircraft
100
Dominion Steel & Coal B
25
Dominion Stores Ltd
8%
7%
_*
1,132
7%
5%
8%
8%
50
7%
7%
198
6
10
96
Apr
105
72
Nov
81
Mar
.100
105
105
•_*
73
73
•
...
7
Dominion Textile common....!.,
Dryden Paper
7%
5%
470
Feb
Ltd
Thrift
6%%>
Walker-Gooderham
$1
cumulative
1st
cum
&
4%
105
_100
pfd
90
__
pfd_100
cum
Clay Products Limited
Stores
*
^
1st pfd_100
cum
Southern Canada Pow 6%
Nov
87
•
Aviation
Corp of Can 6%
Standard
common—*
Preferred
110
107
160
4%
_*
Paper Co Ltd
Dairies
..100
Dominion Tar & Chemical
Sep
Jun
22% Aug
5
35
*
Linoleum
9%
327
101
ig3
6
28%
26
38%
15 %
i„n
10'%
55c
—5.00
12% May
28
15%
mLp
4
qi
171
__
*
"A"
July
17%
155
_*
Ltd
Nov
26
1.8O
...
*
6%
Jan
35%
25
.
—_
145
8%
22% July
17% Mar
171
_*
Apr
27%
-•
17
Ford
Jan
7%
745
17
*
33%
27%
»
common
1
'
us
Fanny Farmer Candy Shops In——1
Feo
12
275
38
110
Fail-child
May
35%
common—jL
preferred
Dominion Glass
»
12
39
b
110
__
Peh
Jan
155
McColl-Frontenac
11%
Consolidated lViinmg & Smelting
Consumers Glass
.
__
Lake St John Power & Paper
Cockshutt Plow
39
July
11% July
in
97
Sep
Fraser
Canadian
330
42
Sep
39%
150
Jan
17%
75
20%
95
100
common
Corp
Woollens
& Frere
Eastern
Canadian Converters
20
4
j™
51/
17%
July
32% July
July
32%
25'%
29
42
—2.50
Paper
Dominion
12
Co.
_
Feb
34
32%
35
21%
B
common..;
Alcohols Ltd
Nov
42'%
»
8
class
— —
Westinghouse
Oilcloth
Feb
41
_
21'%
9%
45
260
97
—100
David
Jan
6%
41
Canadian Car & Foundry common
•
New Preferred
.——25
Ltd
—
Ltd
Dominion
27%
1,680
*
Canadian Bronze
&
Oct
Jan
Jan
637
8%
21 %
__
77o
preferred
Commercial
May
1.45
10%
8'%
•
Marconi
Consolidated
Canadian
Ltd
Consolidated Dlv Sec "A"
14'% May
340
10%
4 %
jS
2"! No?
350
20
__
pfd—.100
Cable 6%% pfd
100
Industries
Canadian
July
10%
31
2%
High
65cL°Jan
1 385
__
—
Aug
12
Apr
10%
Range Since January 1
4 248
25
2'%
__
Company
1
Canadian Power & Paper Inv Ltd com *
5% preferred
—_____*
Sep
31%
s%
50
:
7%
7%
100c
___
Northern
Canada
•
common
Preferred
Pr
jcum preferred
Canadian
Canada Cement
Packers
Northern
Canadian
Jun
17
**2%
23
Dominion
Canadian
July
Jan
5'/2
13
29
Shares
2°
25
Canadian Dredge & Dock Co Ltd—"
Canadian General Investments Ltd
*
Feb
Mar
23%
635
16
..
for Week
2%
100
Sugar Co—
•
Malting Co Ltd...
——*
Canada
Nov
7%
55
Bruck Silk Mills
Building Products class A
141
177
157
155
2214
&
Canada
12%
Range
of Prices
Sale Price
•
_
Columbia
Canada
25% July
21'%
Sales
__
British
Sep
Jan
12 >/8
•
preferred
Canada
2214
Paper common
Brewers & Dist of Vancouver Ltd__5.00
British American Oil Co Ltd
•
Feb
20%
&
Bathurst Power & Paper Co Ltd "B"..*
Beauharnois Power Corp Ltd
*
July
274
Power
6%
Feb
94% 100
100
Abitibl
Nov
9
50
Canada....
Lt &
5
Nov
70
113
96
common.
Bathurst Power & Paper
35
High
113
___
Breweries
70
■
•
____.
Aluminum Co of Canada pfd_:._
Associated
70
Low
sales lists
Week's
_
STOCKS—
Range Since January 1
Shares
High
•
common—
Ltd
Low
Far
'
inclusive, compiled from official
Sales
for Week
^
:V
Funds
Worts common."
25
57
__
7
97
Jan
106
102
25
23
59
21
57
*
Jan
Jan'
114
4%
23
.
3%
87
4'%
.
25
25
105
105
__
25
preferred
4%
93
.
21
3'%
Feb
Oct
4'% Aug
17
Jan
25
July
146
47%
Jan
64
Oct
33
19%
Jan
21% Aug
8% July
Mines—
Electrolux Corp
& Heating
Prod—..
5%
Preferred
Gurd
14
*
7%
109
Jun
Aldermac
Beaufor
Copper Corp Ltd—
Gold
Nov
109
7%
11 %
July
Holllnger Gold Mines—
Paper
Cartier-Malartic
Gold
Mines
Ltd
40
79
Jan
94
Sep
Central
Gold
Mines
Ltd—
5
_.
Jan
14'%
Sep
Cochenour Wilans Gold
Ltd
15
94
Jan
110
Oct
150
43i
Jan
8
Aug
6%
125
5
Jan
7%
5%
487
478
Jan
8
Cadillac
of
14
350
12
Jan
104
98%
Jan
107
27
Feb
28%
6
400
12%
Shore
Nickel
International
Petroleum
International
Power
of
13%
14%
3,602
11%
11
11%
472
£1
Oct
32%
7
7
12
Jan
Malartic
Co
Ltd——*
10% Mar
12'%
Preferred
Oct
732
6
7%
May
20%
455
13
Jan
22'%
Oct
29%
2,105
28%
Nov
24
%
the Woods
common
Preferred
21%
365
17
Jan
17
35
6
Jan
104
5
98
Jan
Massey-Harris
Mont
Red
Mining
Murphy Paint Co
National
Steel
O'Brien
Gold
Pandora
Cadallic Gold
Power
171/2
Oct
Sladen-Malartlc
Sullivan
Corp
Price Bros
of
Cons
Mines
Mines
1.00
Ltd
..
1
______
Ltd
&
Co
preferred
5%
Ltd
;
Jun
Tech Hughes Gold Mines Ltd—___—-1
Sep
Upper Canada Mines
536
5%
Jan
10
July
17
8%
8
18
385
650
18%
19%
20
80
12
HP
32
3,569
6%
Jan
9% July
Jan
22
18
Oct
27%
20%'
Nov
11
Apr
36
16%
St
Lawrence
Class
A
33 %
Home
Jun
;!
32%
400
13 %
1,040
12% Nov
15
910
40
Jan
52
23%
270
22
Oct
25%
7%
7%
55
100
100
100
.—♦
6
6
100
15
6%
6'%
16'/2
Southern
Canada
Steel
of
Twin
Co.
City
United
17%
60
Feb
6
Jan
1.41C
88'%
2'%
Corp
common
;
.•,
Electric
2%
9%
62
107
common
Jan
"
'
*
__
10
12%
8
88%
*
»
2%
240
25
12%
6
Oct
16
Commerce
10
July
1,050
1.75 Jan
4
Scotia
Royal Bank of Canada
1.26
Nov
N01
1.10
6'%c
7,000
3c
Jan
6%c
2,100
82c
July
1.09
50c
7,900
38c
Jan
65c
50c
58c
1.60
Nov
3.00
1,000
36c
Jan
27,750
68c
Jan
1.90
Jan
110
Nov
Sep
1.80
Nov
1.51
100
1.10
Jan
3.30 Aug
1.85 Sep
3.10
100
2.60
Jan
4.00
300
3.40
30c
3,550
22'%
Apr
125
Jan
2.66 Jan
21%
Jan
46c
July
4.00 July
26
Apr
Feb
Week's
Feb
47
14%
6
4
•
•
11
62%
__
-
5'%
51
»
5
50
6
1,671
220
50
Oct
19%
50
23%
25
2.355
*
9c
9 7/e c
2,500
13
13
25
1.10
1.25
1,410
13 %c
15c
8,700
96
99%
215
96
Nov
133% Mar
100 100 %
300
100
Nov
102%
27
4%
275
IOC
5%
2,829
27
Oil &
—
Oil—
&
Gas
.100
131'%
131% 132
—
Gas Co.-
1
Copper
Ltd
Aluminium
——*
Aluminum
Jun
Anglo Canadian Oil
Aquarius Porcupine Gold Mines
Nov
11%
Jun
Arjon
Jan
72
Apr
Armistice
Co.
Gold
Canada
of
540
4
Nov
9% July
6
Astoria
Apr
17% Aug
2% Jan
21
63% July
Jan
300
24
Jan
27
Aug
Bank
of
of
140
July
33c
July
Nov
1,000
4 %c ''4%c
10c
113/4
C
30.500
2%c
May
Jan
3.15
6,750
1.35
Jan
14c
15 %c
7.500
8%c
Jan
1
14c
1
3.15
2.90
4c
May
60c
Oct
5%c
Sep
14c
Sep
3.50
Sep
19 %c July
19 %c
Nov
15 %c
7,166
156 157%
30
150
Aug
161
Jun
—.100
243
243
2
227
Jan
259
Mar
100
235
235
10
234
Feb
255
Oct
3
100
Mining-
*
3
—50
—
40
9%c
—_—*
Radium
Aug
Beattle Gold Mines Ltd
Mar
243
Beatty Bros
*
107
223
Jan
254% May
class A
B
Bell Telephone of Canada
*
100
10c
65
5,100
Mar
3
Nov
21
Feb
40
Nov
8%c
Apr
17 %c July
49%C
85c
1.64
Jun
.
37c
14,100
10c
Jan
1.48
1.64
27,300
70c
Apr
23
1
160
40"
33 %c
—1
144
Jan
Aug
Jun
68c
Julv
Jan
150
84 %c
3c
147
Jan
Feb
Jan
Feo
17c
129
132
Aug
47c
35c
62
195
21c
20c
24,200
———100
common
&
Feb
1.60 July
2,200
27,000
Mines—
Toronto—
Exploration
Julv
Mar
3,500
49c
;
Scotia.
Metals
14c
14
66c
22c
1—__1
Ltd
High
41/4 July
33
58c
fi
290
140
Jan
.1
157%
139
9c
Jan
17c
______—__1
Preferred
Class
13 %c
Jan
Nov
44c
243
100
6c
13
1
156
..100
Jan
65c
—
Consolidated
Bread
Jan
5
—1
Mines
Nova
70c
——
Mines
Montreal—
of
Loxd
High
55c
*
Mines
Bankfield
Bank
pfd._100
Quebec Mines
Bagamac
8'% July
5%
Gold
Gold
Aunor
19% Mar
14 %c
♦
common
July
10
Nov
Range Since January 1
—100
preferred
59%
6
Shares
725
Ashley Gold Mining
17%
51
14
Sales
for Week
Range
of Prices
2 %
Aldermac
18% July
32%
Exchange
Funds
compiled from official sales lists
20
35
15
Feb
24
Oct
15
15
40
10
Oct
15
Nov
155
158
180
140%
Jan
160
Seo
V
For footnotes see page 2079.
5,250
89c
3.05
ce
Paper common
Base
100
Sep
63%cMay
78c
2
&
Bear
—
1.16
2,300
Low
Acme
July
11%
230
,
Montreal
Nov
Jan
84c
*
Power
Barkers
Nova
1.36
Agnew-Surpass Shoe common——..._*
Jun
Jan
225
10
6
,
25
.
July
Sep
Sep
Par
Abitlbi
Nov
43
62
*••_
,
3.75
22
..
Last
STOCKS—
-
Banks—
3.60
Apr
1.30
34%c 34%c
■—
~~
*
Limited
19% Julv
Jan
14%
*
—___*00
——1
Apr
1.66
300
:
Aug
Bank
preferred
2.78
300
1.36
1.51
Nov, 13 to Nov. 19 both inclusive,
10% July
14
/17%
—
100
3.00
Toronto Stock
8% May
13%
14%
—
common..
3.10
Sep
42%
•
Power.
Canada
Preferred
Zellers
8
14
Wilsils Ltd'
Winnipeg
12%
8
100
Power
Rapid Transit
Steel
12'%
50
Shawinigan Water &
Sep
3.00
Canadian
Jan
93
670
88%
17%
•
common
Paper preferred
Oct
6.10
Feb
26
Ajax
Corp
16%
Jan
3.10
,
■
Liu
Company
Aug
23%
Co
Oil
Sep
46%
Oil
Royalite
Apr
12%
*
preferred
St., Lawrence
Aug
Feb
3.95
1.30
__
—..1
Dalhouse Oil Company Ltd
July
46
•
—
6c
11%
100
12'% July
Jan
Ltd——1
Oils—
6%
Quebec Power
2%c Feb
235
50c
Wright Hargreaves Mines Ltd—'
IOC
Regent Knitting common
3,000
50c
.
1.60
Aug
12%
•
common
,—
2%c
6c
50c
1
16
26'%
46'%
—,—_•
Canada...
Nov
Aug
1.60 Aug
89c
__
Friday>
Tubes—.
Page-Hersey
Power
2.04
29 %
5.60
1.00
6c
1
130
Jan
*
23%
—
1
——
Ltd
Mines
Jan
110
*
new
common.
Mines Ltd
Ltd
Mines
Nov
•
Feb
Jan
14%
82c
1.10
Mar
20
Ogilvie Flour Mills common—
Ottawa L H &
Gold
1
19
12
Noranda Mines Ltd
1.35 July
19%
80c
1.36
84c
12%
18%
common
Corp
Ltd
Mines
Gold
Siscoe
Julv
•
Car
—4
124
common.—
Breweries
National
Ltd—
Corp
4
100
900
2.00
—
5
17'%
*
Cons
«
100
125
1.15
3.10
1
Mines——1
20
7%
__100
Tramways
1.81
25
5.60
——1
—
Gold
Lake
13
7%
(Robert)
Jun
Jan
14%
5.60
23
—*
Light Heal & Power
4c
6c
23%
14'%
130
McColl-Frontenac Oil
Mitchell
Feb
Apr
2%c
1
13
13
lc
2c
1.81
23
100
(John A)———*
4,000
2,000
1.13
130
—
,
;
Lang & Sons Ltd
3%c
3c
"
104
104
Sep
3c
39% Mar
•
17
—_—100
68c
Jan
21 %
21%
common...
Mar
1—-.1
Ltd
Goldfields
Normetal
17% July
28%
28%
40c
1
Mines Ltd——
Macassa
Oct
20%
Canada com__*
300
25
Mines
Perron
International
61c
-16% July
14%
,!
Aug
61c
3c
Dome Mines Ltd
Eldorado Gold Mines Ltd—
Lake
Jan
27%
corn—*
Acceptance Corp
July
4c
__
Lamaque Gold Mines Ltd———__—*
8.90
common—5
Can
Aug
7c
Feb
__
1
Jun
180
•
—
Preferred
Montreal
Mines
Aug
11
104
28%
v
21c
2c
Jun
11
100
.
Jun
2V8c Jan
700
1
13
Mining
10c
1,600
3c
1
8
5
5%
common
.
Imperial Oil Ltd
Imperial Tobacco
Lake of
Ltd—*
Malartic
McKenzie
Industrial
Mines
1,500
7c
__1
Gold
6%C
15c
6%c
3c
__1
Ltd..
1,495
7%
7%
15c
Ltd
Mines
16% July
Jan
Mines
Gold
Joliet-Quebec Mines Ltd
Bridge
Bay
July
7
6%
•
Hudson
10
Jan
160
84
7%
common...-..—"
Hamilton
Preferred
7%
11
•
Smith
Jan
14
295
10%
10%
100
....
Gypsum, Lime & Alabastine_A
Howard
5%
3
25
225
14%
84
*
common
(Charles) Ltd
4%
7%
100
Wares
8
4%
Canadian
Power common...
Steel
4'%
*
_
preferred
General
8
*
Bouscadillac
Foundation Co of Canada
Gatineau
l
—
Enamel
—
1.87
Sep
;'P
THE COMMERCIAL & FINANCIAL CHRONICLE
2078
CANADIAN
LISTED
Monday, November 22, 1943
MARKETS
'
■'
Friday
STOCKS—
.
Lale Price
Par
Berens River
Bidgood Kirklancl Gold
366
•
Oil-
American
British
8
Oil--—
1
Mines——*
Gold
Ankerite
Buffalo Canadian Gold Mines
Steel
Co
24%
64c
69c
70c
70c
3.35
3.40
7%c
8%c
16
60
4,500
16
2%c
;
,
International
5
Caldwell Linen Mills common———*
Canada Bread
—100
A—
class
Canada Cement common———*
—100
Preferred
23c
110
7%
105
Jacola
*
Canada Northern Power———-———*
Canada Packers
*
Canada Permanent Mortgage——-.100
Canada Steamship Lines, commons—*
Canada Malting Co—
.
145% 145%:
9%
10
30% 3l%
66
66
90
90
.
50 '•
Canada Wire & Cable class;A-__'——
Canadian
Bank
—-100
Bakeries preferred
Canadian
of
Breweries common—
Canadian
Preferred
New
22%
11%
;
8
150
30% Nov
38
Jan
68
,5%-y41%
23 "-y
12
8
y
,
-.
66
128
1.35
28
19
10%
7%
25%
Jan
Jan
6%
42%
24
14
*11%
Mar
Celanese
1
90c
90c
1.03
11,150
40c
May
14r2
2,455
23
35
5.90
1,051
22
Mar
3.65 Jan
6%c
8,500
3%c Jun
—_1
5%c
13%
v
2V2c
2V2c
12
50
1.08
12
1
1.12
1.17
95
96c
5.300
*
23
22%
,23%
'465
22
22 V'2
120
3.35
3.10
3.45
8,875
.
2.25
2.10
2.25
1.49
1.30
1.49
—.--1'
3,20
2.95
3.25
IVaC
8%
8%
25
Manitoba & Eastern Mines.-
1%C
'
;
—_
—
8%
r'.;-
19
7%
27% Jan
15
Jan
39
19
Oct
July
McDougall Segur Exploration-- —>
300
22
Jan
40
Nov
Mclntyre Porcupine Mines
Preferred
-100
40
.
:
Industrial Alcohol A——_* :
^
Canadian Locomotive ——!u._—*;.
Canadian
.
a
:-100
Canadian Oils common
Preferred
5
-;
625 ■
■
3% Jail
10
10
19
25
15
55
112
Jan
9%
5,465
1.38
8%
1.38
100
1.05
4,600
1.55
1.65
5.625
8%C
8%C
4,500
•
1.47
Gold
20c
21c
Graham
McWatters
1.11
1.75
Jan
24,214
65c
1.65
1.88
11% 12%
22c
22c
1.47
1.56
14%
15
38
39
132 133%
80c
80c
Cocksluitt
*■
Cub
——100
*
(Toronto)
Consumers Gas
Aircraft
.
133
'*:,;■'
——
—
■,preferred
Sep
Petroleum
Davies
—
Minesi
Dome
75c
9V*
16c
85c
9%
37
53,220
1,050
1,000
10,100
175
1,425
139
123
100
50c
Jun
Jan
Mar
Jan
Jan
Nov
2.09
13%
26c
1.74
15%
46%
,
Jan
May
26
160
22
34
Jan
25% Jan.
.
9c
10c
4,500
149
Malartic Mines—1
1.56
1.49
Steel Products—'.v14
155
1,64
14%
10,000
'32,250
115
8%
405
1.10
1.30
16,200
3.25
1,400
28%
1 ' 4%c
3.65
25
29
4%c.
1,190
19%
35c
32c
35c
7,500
18c
common—7%
7%
7%
135
Dominion
Dominion
—
—-——--1 y
Duquesne Mining Co Ltd
Eastern
Eastern
—•
Oil———
Crest
9c
•
^
Washing Machined——————*
Eldorado Gold Mines
1
Easy
•
.
—
'
■
8
8
1.18
—
8%
9%
8
29%
167
30
34;
Famous Players
Fanny Farmer
.
,
25
_
Candy Shops
—1
29
National
.1
}
Jan
Apr
Gatineau
5%
Power
preferred
—
——
:
21
1.730
26
30
Mar
2 Vac Jan
15,500
3
65
6%
Nov
;
_
Golden
35
77
Jan
10%
250
8
Feb
%-
12,000
3c
Jan
■'
4c
4%c
8,500
1c
May
18c
4,100
15c,
15c
15c
6,000
3c
3%c
2,600
10c 12%c
12,800
56
56%
35
51% Jan
9c
9c
1,000
5c May
14% Feb
v."
■
17c
.
11c
preferred—50.
.100
4"'^
———
Great Lakes Paper
V T preferred—
—————:*•.*■
Preferred
Great West Saddlery common
Grull Wihksne Gold. Mines
—;
Mines Ltd
Gunnar Gold
Lime
Gypsum
20%
*■.•
&
—
*
1
1
20 20%.
.21* '-."20%' '."21
10c
Apr
2c
July
3c
•
114
Jan
100
Jan
lie
47
Feb
58
1.50
20,326
83c
Jan
2%C
3%c
8,500
Alabastine———*
3c
1,000
:2%c Jan
T4c 15%c
%
.
6%
3c
—
3,600
1
6V4
6l%
100
13c
22c
3c
3%c
5%
5%
16%
16c
Halliwell Gold Mines—
.1
3c
*
—
Hamilton Bridge Co Ltd——
Cotton
Hamilton
__
Harding Carpets.
Hard Rock Gold Mines—
——1
Barker Gold
Hasaga Mines
17
y
Paper Co
Mines—
23
■
23
26,700
3c
7%
Apr
35,900
3
Nov
4% Jan
Oil————
Hudson
Huron
Erie Mtge--
Imperial Bank of Canada
100
!™5tai fP i
—
Tn^fc fTJ0 ,'1^0 °yinary—
Inglis (John) Co Ltd—
Tn^« f-°n
f
1
-*
international
Millmg
Nickel
May
Gold
Mar
Apr
38c
38c
500
17c
Jun
—
preferred
common
For footnotes seepage 2079.
•
13c
13c
15%
100
10%
113'8
1,590
8.50
3.15
3.50
12,835
2.65
33ic
6,000
.■
83c
70c
•
.
57c
28C
2.29
Oct
Feb
Oct
July.
17
100
Mar:
93%
65
■
80
Sep
'
'470
97o July
V ile
Oct
22
Oct
Jan
.
Apr ';
Jan
Nov
,100
74c
20c
17,530
100
1,00
':'::,35w:"
.
;
Sep
■,
,
May
Apr
1.25 Oct
33,690
■
,
V 15% Oct
,,
...
2,382
1.40
46 %c Nov
.
'Jan.
167
Feb.67c
1.05 Apr
T.95
40
Jan
52%
35c
-
'-'. 100
84c
79c
Oct
y.-!
125
2,000
;
Jun
49'a
12 ;
11%
,
7
'
-
.
27
Jan
.% 6c
10
■
Oct
6
500
;
;
.
Jan
18
44%
900
■
July
Apr
28c
-
220
1.40
77c
65c'
:
Nov
Nov
15
235
160
55c
.
25c
24c
21,400
:•
8c
20
13%
11%
160'
/
■
Sep
Jan
1.22 Jan
20% c Nov
-;v,% ,"30
:
9 V9
9
8c
.
8c
Apr
Aug
Nov
5
38c
-' ..,20
—
Sep
-5c !
"
98
\ ;
.*-.*
lie
1,500
V-*.,: 5
.18%: 19%
48
47%;
-
5c
Feb
1.54 Nov
18 %C
.1.00
1.12
70c
.
Powell
1.1.5
Sep
y
SepAug
.1.16 Sep
1.10 ,Oct
2.00 Sep
„..
,
2.00 Sep
Apr
3,:%,lJay.',
5
,.
:
32c
42c
.
Nov
V
Ltd—
1.16
_1
95
1.22
28c30'/2C
93c
85c
95c
1.79.
1.75
1.86
2,00
2.00
2.25
1,465
Gold—-1
1.30
1.24
1.32
16,000
1.000
125
1,475
28c
•
,
,,
Voting-trusts—1.20"-;1.25
Power Corporation
Premier Gold
57c
10.17Q'
—1
;1
:
Mines of B C
Rouyn
85c
10,825
.1
—
:
Mines
6c
61%
1.00
6V«
1.03
6%
78c
64c
6
Apr
Sep '
103.
Jan
Jun
1,10 Nov
2.10 Sep
.
2.85 Sep
Jan
1.72
,
Apr
Jan
4
Aug
6V«c Nov
39c
Aug
1.28 May
1.25 Jan
52c
50c
6
58c
V
Sep
Nov
1.36 Nov
3c
Jun
17V2c May/,
74c
Oct
■■
9
Feb
1.16 Nov
,,
Nov
88% Jan
23,150
-1
;
Jjm
3%
13.000
.102
Mar
8% Jan
*'..2%
34,600
4%c
,143
' 6c
1.15
.^*
:
,
25
4c
,
100,
.
.
100
1.00
4c
*
6
1.26 Nov
Clc
38e
26,810
7.000
72,605
.
70c
61c
\
36c
3,000
15,975
Gold
Pioneer Gold
Mining Co
Pressed
East
1
-
.y—6%,
Metals
Dome
—1
Mines
Oneenston Gold Mines—
1.96
—
1
51c
—*
24
14,410
54c
24
6c
139
22
Jan
1.50 Nov
1.42 Nov
:
Jan
Jan
3c
43
3.15
3c
43
3.40
5c
43%c
Shawinigan Water & Power-y,-——--*.
14%
Shawkey Gold Mining—y-l1- 3c
Sheep Creek Gold Mines_i^...50c :
90c
87c
5c
49c
14%
3c
Mills
:
Royalite
Oil
140
.22
100
^
—.
St
Antonio Gold Mines Ltd
:
,,
.
'
3.30
.
1
>
Mining-.^—— —1
——1-,.;
Senator Rouvn, Ltd—
,
Gold
Mines
11
July
1.15 Sep
Sigma Mines
,1
-I—*
•
90c
600
35,541
67c
.20
Mines—„j—_1;,
Malartic Min^s-^-—————rl:.'.,,
28%c
29c
27%
28%
15%
15%
70
70
173
173
14
13%
_
10.
17c
Feb
16% July
Jan
12%
Jan
52c
50c
v
v
8
Jun
Sep
Jun
Feb
l.OoMar
1,04 July
9.75.Nov
10% Nov
Mar
.10
Feb
3%
5.108
86%
10,200
17,605
53c
.
South
>
■
26%
.
Jan
31c
.
.
Sep
B9c
29c
9
Jan..
Jan
1.
Jun
20
Oct
13% Oct
,/
,
104»2 Nov
64c Nov
60c Sep
Mar
55
Jan
70
Nov
175
25
157
Jan
185
Sep
14%
4,205
195
530
6>70°
15
15
255
KM)
1°°
98
98
97
98
97
5
40
115 115%
57
29%
4,339
.
-
800
11% Jan
10
Mar
8
260
Nov
Malt
8%
66c
Sullivan
Oct
17% July
12% Feb
Nov
Oct
—iiil
*
y
Sylvanite -Gold
Tamblyn Ltd common!
Teck-Hughes Gold Mines
Toburn
Gold
—i
1,90
*
14%
—
-
—
50
*
17
July
100
100
July
July
Toronto Mortgage Co—
Jan
116
Jun
Apr
^
■
♦
il7c:
2.^0
.,
11.60
' 1.90 2.10
•
;
66
;
,.
G5c
10%
.
,
.
.
1,80 Nov
Jan
2.25 Aug
Jan
14%
Nov
l!85 ,Jan
1,050
"3.45 Sep
61c
6.575
.
82c
Nov
Ju.lv
5|s Oct
73
Apr
•
76%, Apr".
2,65 Oct
,
21c Sep.
.,-2.40 Sep -.
3
'
.1.38 Jan.
675
8c Jun
35c .July,,
60c
Jan
1.51 Jan
10c, Jan
1.46 Sep
1,625
3.10.
82c
215
152
78,875
500
;
.
150
70,877 ;
14%
14
2.95
.
.;
1.30
,
•
z v
Jan
94c Sen
Jan
29
"29
-V
20
23%
31
Oct
53
500
50%
Jan
55
July
68
Jan
85
Nov
Transcontinental Resources
*.
»
-
12c
—
-
85
85
:
.
5
85
10
12c
1,000
91
-50
I
Exploration
Traders Finance "A" preferred--. -100
Towagmac
'
52 6 b
,
.—100
Toronto General Trusts-
Jan
Jan
39%
•
r
•
,
•
Preferred
Jan
Nov
&
.
3:00
—1
Toronto Elevators common
10%
28
1
-1
—
Mines—
*
-70
..
T7c
2.30
—r't
.
1.60
Mines.' Ltd
;
y
,
Jun
54c Nov,
1.10 Jan
4u4 .Mar
59% .Jaft
27,450
.,.325,
115
2.22 ;L88; -.2.25
.J———1
Cons * Mines--;
90
90
112%
,
u'.'BO
v*,
,
20c
2,000
,
•"
*
Sturgeon River Gold Mines-;.
.
■
—25.
——
27c
54c
55c
2%. 2 V'«y 2%
-4tfe ■■ '*,■14% :. 5Vb'
.'63.
6.1:j ,63
Jan
3%,c Jan
1,500
—
■Sudbury. Basin Mines ————:
32% Mar
2
Preferred
Steep Rock Iron Mines—
July
17%
,
West. Petroleunir——_———*.
;
ic
v4c
27c.
;
.
Springer Sturgeon —J—
li'-i.*/
Standard Paving & Materials com—v
Standard 'Radio*.'-,——1-.——Steel Co of Canada common—-—*
Sep
6c
End
.,56c
50c
53c.
Petroleum! Co—!——,.*
South
4.10 July
Nov
Jan
8%
28
Aug
.Sep
7
.
11%
28%
Jan
Mar
17%c Jan
845
.
8
-
3c
3,850
.
11%
8
6c
40c
Sladen
101% 104%
-
Gold
4.00 Sep
9%c
62%c
19%
4c
.,-
Jan
10
-
' July
.6c .Feb
44 .;Oct
Mar
Nov
May
Sep
100
20
12%
:
Preferred'^^-———-^---^.i-100.i
Siscoe
.10
,
9c3uly
150% .Aug
' p6.%.July
5.75 Jan
9% Sep
750
■
8%
8%
——.
-j'——.12%
—r
1.000
9.25
10.
10
Simpsons class "'A"—
.
59c. Sep
25
,,
2%c Jan
1,000
39,500
45
18c
13
2c
85c
9.10
.
Silverwoods Dairies common--—!:—„„
Class "B"
Jan
2c
Jan
39 , Apr,
1.86 Jan
10,257
July
9
2.50 Sep
3%c Jan
132% May
21% Jan.
1,000
30
y
■
Jan
22
1,000
109
310
70c77%e
72c
1
:
.
47%c
.—
Sherritt-Gordon
31c
4,539
20
6c
140
22'%
Silk
Royal Bank of Canada—
;
35
2.18
%~1
Riverside
Roche Long Lac
*
47'/2C
*
10c
14
3%c
.
50c
100
3
2,000
15%
__
11 ^
*
Nov
1.15 Nov
2c
-
/
;
,' .75
36c
:
•,
—
_»
—
Mines—
Pickle-Crow
5% Oct
40c
10,000
1
r—
a
TnfJ
^
International
.60
42,375
15
Develop"'
Interna Dona! Metal common A
Nov
4
29c
_ioo
—
23c
Nov
7%c Jun
8
Jun
17"' Nov
4c
28%
J—,.*.
,
12V2
-
*.
Ref_—
&
Paymaster Cons Mines Ltd
»
Jun
1.08
_
—
class B_—
I6V2
3.35
Mines
1
Bay Mining & Smelting——•
16
16
I—-_*■>!"
Porcupine Mines
Pamour
Nov
July
July
4
11%
•
Gas—r—„„.l
Howey Gold
Hunts Ltd
115
Z
.
.
—-1"
Pandora Cadillac Gold Mines_„_„
6% Nov
7%cMar
24c Aug
•;
Jan
395
;
9
——_1.
1.——
Mines———
San
93c
-
Hollinger Consolidated Gold Mines—^5
Home
Homestead Oil &
22c
100
Aug
9c,
Jan
5
,
11
.
A——*
July
3%c
38c,
Highwood-Scarcee Oils Ltd——*
1.95
74%
36 %c
■
Anthony Gold Mines
1
St Lawrence Paper Mills Co pfd.—-100
4c
,
1
^
4
1.79
20%c
1
•;
;
Page-Hcrsey Tubes
Aug
1.04
———1
Hmde & Diiuch
.
9,200
130,700
13,600
98
■
58
.
ll3,ic Jan
3%
200
■
104
1%C May,
3.600
21c
23c
7%c
.-w
common—* :
Preferred
Halcrow Swayze Mines
8c
:17c
18%C
,
t*:
15c
-
16'/2 May
6%
-
Jan
205
74%
:~i
Co—V.
Sand River Gold
Grandoro Mines
6
July
9T» July
55
Oils-1——1.15
Oil
Pacific
9c
12%c Jan
.,
Oct
22
Jan
1.92
!'
—100
25c
Oils. Ltd
Pacalta
July
4V2c
Jun
29%cMar
19c
Sep
y 4%c Aug
84
Jan
July
10
92%
Z100
Orange Crush preferred
14% Sep
6%c
Mining——.1
Gate
Goodyear Tire &.Rubber
;
82
5%c
3y2c
__
Jon
11% July
Jan
,.*10%
Porcupine Gold Mines--!
Glenora Gold Mines_——u_—^l1/
God's Lake Mines Ltd
Goldale Mines
i—v-l-1
Gold Eagle Mines
1
Lake
5%
14%
.
Jun
6c
5%c
LZ
1
O'Brien Gold
Okalia
24% Oct
39 %c Sep
7% Nov
Jun
17.
:
.
1.30
y#.
•
Omega Gold
Jun
May
Jan
125
;
Nov
9%
Jan
10%
a
84
,
Sep
Sep
9
General Steel Wares
Gillies
7%
,'v%.-'1'-Preferred.^-—^,-5-.
7%c Aug
:
Sep
3%C Aug
:-
2%C Mar
■/y-; -.424
Empire ,Mines_i—'1.40
North Star Oil common
^„„—*
*1.40
1.64 Aug
100
—
j,
!'
19%
Northern
4.80 Jun
22% May
Jan
35
21c
Normetal Mining Corp Ltd——*
.Northern CanadJ Mines—.
.
8% Nov
3.10 Jan
Jan
'4%
•
V;'-'224
Nipissing .Mines
1.55: 1.55
"Noranda'Mines—.—4——• "•■■'■46% .'.'.'46%" 46%
21%c July
1.82 Sep
16% Sep
80c
Trust
Negus Mines
',
.
July
Nov
11% July
10% Jun
10
July
14% July
3% Jan
%e
55
22c;
v————
Preston
Gold Mines
1
——
National Steel Car
-
10% Nov
12
5
Federal Kirkland Mining————l
: • —
Fleet':Aircraft' —— ..y-.--'- , 3 '* 3%
Ford Co of Canada ciass A
-•
23
22% -:23%
Francoeur
Mines
Mine?
National Sewer Pipe Co class
:
.
Aug
July
4%c Jan
1.09 Feb
3.75
500
3%C
Corp common-:———.——- —■—.*
Perron
3.25
Falconbridge Nickel Mines———.—*
Gold
National Petroleum
Oct
Feb
4c
Nov
Apr
104
1.47 '
.1
Mines———.
National Grocers Co Ltd
24c July
41% Oct
18% Jan
142% Jun
20% Jan
22
Jan
7
Nov
5% Jan
6% Jan
8% Jan
10%
Dominion
Dominion
East
155
Sep
1.59
7%c
55
■:
1
—
Montreal Light Heat & Power-—
Oct
Jun
Sep
Oct
July
136
Oct
1.25 July
10c
1,000
160
21%
31
7
9
7%
10
Dominion
;
14c
37%
925
3
1,100
105
905
355
410
475
Dominion
!
36%
common—.—*
———i-*
26
Bank
100
Foundries & Steel com__—•
22
Scottish Investorspfd—50
Steel class B——————7%
Stores _—*
9
Tai & Chemical common-—*
Woollens preferred——20
10
Dominion
:
13%c
36%
23%
—•
—
Mines
Monarch Knitting, preferred—
Moneta Porcupine: —i---
■;
Distillers Corp-^-Geagrams
1— --5
Modern Containers common
Moore
Cochenour
'
July
2.40
7%c
-
-Model
14c Aug
47c May
2.14 July
Jan
4.00
Jan
Jan
4%
1,000
8
7%
.
v
Mining Corp of Canada—4—— CLC*-"
Oils —'-.i —%.
1
Oct
1.35 July
Jan
1.00
6%cJuly
10'/2c Jan
2,500
1.02
,
.
•
■
E4e
Sep
24% Oct
22% Oct
103%
104
«
Mid Continental Oil & Gas
'
Willans Gold Mines——I
1.87
Plow'Go—---—u—llV'si
Commoil Ltd ————————i—-*
Coniaurum
Mines
:——~*
1.56
Consolidated Bakeries of Canada
•_* ,.--i
Consolidated Mining & Smelting——5
39
Lake
McVittie
Jun
Nov
12% July
Jan
Red
McLellan
■
23% July
138
7% Feb
95c
McKenzie
614 Nov:
26
Jan
138
1.00
—
Quartz——-_y.——,cl ."y!
Castle-Trethewey. Mines ———-^—1
%■>
Central Patricia Gold Mines
——1
1.65
Central Porcupine Mines
:—1
: —
Chemical Research
—^_1
—
Chesterville Larder Lake Gold Mines--!
1.06
Cariboo Gold
'
-
Jan
18
19
- ■
——„
5%
135
18
--;*:
25
Rv—-——
Pacific
Canadian
"■
40
,
'
'■
y* : /
Oct
Nov
Nov
1.07 Nov
y
Apr
1.65
30
-
5c
19
7.'
McColl Frontenac Oil common
150
15'
5c
7
..
—
205
40
Aug
Feb
70c
210
6%
«:■;
14'%
''■
!'*f
;,
6 Vz
l'
"•'ZZ'1
37
4%c
12
1.27
107
y
Feb
'
Preferred
Maralgo• Mines'i-i-i I—-l
Massey-narns common
:
—20
; Preferred.-..
July
Sep
1.51 Mar.
1,000
"10.
—
May-',
Jun
2.30
66.675
Fields-
26
6.10
9%c
14
Jan
18
47,721
,
16% Sep
Jan
19%
13,533
Mines— —l'
Gold
67
67c
Sep
1.40 Aug
Jan
Jan
60 %c Jan
'
29,450
88c
—1
13c
lc
SVa
■:
20,600
85
96c
—
Maple Leaf Gardens pfd
.Maple Leaf Milling common—
■
9%
14r-"245
—*
Lake
Gold
10'%
2,000
12
25
—J—22
Red
Malartic
5%c
13%
3
„_1;
:
•
Mar
91c Sep
Jan
Sep
26%
Canadian Food Products
14% Sep
8c
.
.
'
29% Nov
9c Aug
40c
55c
Madsen
July
Feb
3%c Oct
_
10% Sep
15,510
2,400
I
Mines, Ltd————_
—_l
MacLeod-CoCksliutt Gold Mines
-'
Jun
10c
Jan
10c
Class B
Oct j
July
60c
Jan
4.75
20c
y
84c
Macassa
Oct
Nov
,'
Jan
10
1,000 !
30c
78c
35
•.
11,733
2,500
.10c
25%
17
8.80
30c
78c
-1
Dock——17.
&
Dredge
135
8.25
8.70
•
10c
—
y
2,200
13
24
July
19% Nov
4%c Oct
lc July
13c ' Jun
l%c May
500
26c
13
_1
*
common.—
-3c
23c
__
„_^l
Little Long Lap Gold Mines Ltd
Loblaw Groceterias class A-
27% Aug
Nov
*
I
Legare preferred
Leitch Gold Mines, Ltd
Levy Bros
93
Sep
142 % Aug
Jan
Nov
Jan
Jan
' 3c
25c
/'
1
Lebel Oro Mines
Oct
145
37
1,460
105
60
50
70
135
200
3,000
.
Lapa Cadillac Gold Mines
Laura Secord Candy
May
59
5c
Lake Shore Mines, Ltd
—:
1.
14%
13%
_*
- :
'
22%
Lamaque Gold Mines -——l—5.75 .-V '5.55
14% Jun
8% Jan
128
Nov
25c
Lake of Woods Milling common..
Jun
Nov
Sep
Oct
Oct
July
Oct
Jun
52Q
Mar
20c
High
■,
Jan
6
:.
-
1
Lake Dufault Mines Ltd..
July
98
17
.5,293
20c
Kirkland Lake Gold Mining Co.——1
2.60 Oct
6% Feb
79% Jan
124
Sep
5,293
22
4%c
Kirkland Townsite
Sep
7
22
__
1;
—
Kerr-Addison Gold Mines
Aug
35c
110
9
107
44
12
36% Feb
20
Mines Limited-^--——.
Low
21%
.1
Co
—25
preferred
Canadian
41
V./.'
:
"
*
Canadian Car & F'dry Co Ltd com
Canadian
4%
—*
!—:—!—-
preferred
Conv.
130
-
*
preferred——-20
-
Canners 1st
Canadian
—
.
—100
Commerce
9
95
—
-
Preferred——-
43
Mining
"
.
Range Since January 1
21%.
21%
Jellicoe Mines'
11 % July
Jan
Jun
4% Jan
92
Jan
*
Kirkland Hudson Bay Mines..
4c
2%
•
A
Kelvinator of Canada
17
21c
102
2,650
15
265
10
75
25
15
10
class
Sales
for Week
Shares
.
High
Low
1'
Waite
.Jason- Mines
-
77c Nov
75c Nov
4.00 July
9%c Sep
4
Feb
1.15 Jan
40
16,350
,
2.13
—
■
-
5
;
1.90
22%c
—
109
•■■■:.—
7%
:
105
42
: —9
93
Calgary & Edmonton Corp Ltd—_—2.04
Calmont Oils Ltd—1
Utilities
Class B
Jack
Mar
Aug
Sep
Jun
.
:
Petroleum—
International
27% Oct
29
July
9% Feb
225
9%
9%
common...———*yy
3c
■;''' ,'VPflf".
8% Nov
22% Jun
21
Nov
19%c Jan
46c Mar
1.60 "Jan
3Vic Jan
13
Mar
l%c Jan
21,500
—
12c
24c
11%
28%
17% 'Apr
500
—
,
Jan
Jan
Jan
5% Feb
17%. Jan
140
140
11,000
35,500
3.40
*
Building Products Ltd—.—
Bunker Hill Extension Mines——*
Burlington
21%
21
63c
——68c
Broulan Porcupine Mines.. Ltd
Buffalo
21
-
—
Jan
Feb
Jan
1,175
•\Z
u
,
100
21%
—
British Columbia power class A-—,—*
British Dominion
8
20
.
-•
British Columbia Packers Ltd———*
.
11
21
.
—
—5
Brewers <fe Distillers
:
18c
11'4
22%
11'4
6%
5
3,450
8,200
1,075
3,580
9c
16 %c
—
Mines, Ltd——
*
orazilian Traction Light
Pwr com—*
Bralornd
,
8%c
4%
8c
8%c
7,40
.14%
805
8
y
9%c Jan
65,900
9
of Prices
Sale Price
:
■-;
1.10 Sep
63c Aug
9
Nov
8% Oct
Jim
70c
500
37c
8
High
Low
90c
32%C
common-;-——*
—w—1
Ribboh Corp Ltd
Bobjo Mines Ltd—
Bonetal Gold Mines———j——1
<
90c
—
—1
High
—-———8%
Biltmore Hats
Blue
Low
y
Week's
Range
Friday
Last
STOCKS—
Range Since January 1
Shares
of Frices
y
1
-
Sales
for Week
Week's •'
Range '
Last
•'
■
91
56
49c
55c
34,000
85
12c
*
.
54c
68
■
Jan
90
Sep
Feb
10c
Jun
66 '/'a
Apr
91
Nov
35c
Apr
74c
Jun
18c
Volume
158
Number 4231
THE COMMERCIAL & FINANCIAL CHRONICLE
Week's
Friday
Last
STOCKS—
of Prices
United
Class B
_
6%
B
Invest
—
7 Vh
793
6
23%
10
20
"A"
Jan
9
Aug
26
Canadian
July
12
12%
595
7%
Jan
16
32 %
33
50
32%
Jan
37
5
5
26
3%
Jan
United Steel
3 Va'
.*•__.* —
1
4%
1,305
1.63
19,830
95c
Friday
6
Beath
&
Son
class A_.
Bruck Silk Mills.—u—
Ventures, Ltd.
Vermilata
6.05
*ȣ*.*.
Oils
—1
Waite-Amulet Mines, Ltd——
Walker-Gooderham & Worts com.
Preferred.
4.65
4.85
60%
1,206
21
15
***™_U—£—.
104%
7.25
Jan
64
Jan
21% Aug
105
3
Jan
9
Oct
Disher
40
Jan
91
Jun
15
150
12
Feb
17
.12
94
Jan
106
Steel
104%
105
3c
3%c
3,000
l%c May
5
5
5%
552
*3% May
50
52
132
20
Jan
63
Oct
95
95
5
69
Feb
95
3.10
8,125
10,000
,V;
Nov
Ymir
Yankee
Girl
Gold
Mines
6%
Jan
700
1.00
Nov
3
Jan
29c
Jan
1.00
414
!
31c
1.20
Oil
&
3,00
Ltd—*
10c
10 c
2.50
4.20
Mar
:8c
•
Jan
Walkerville
Sep
1,702
35c
31c
4.700
1.25
Nov
10
Nov
1.80
Jun
6% July
47c
Jun
13%
25
10
Sep :
14% Nov
23%
230
23
Nov
31
78 c
Jan
1.20
1.35
3,280
13%
14
40
45
45
45
145
15c
16C
2,500
1.40
1.26
1.40
8,930
8c
8c
8%C
8,500
5%c Jan
1.75
1.75
135
1.25 Mar
.100
Mines &
Jun
9
8%
23
23
Gas™
100
i
Metals.
*.__1
Temiskaming Mining Co.—*„
Apr
10 %c
Oreille
.
4%
;
6 % Mar
13%
Ontario Silknit preferred—*
Osisko Lake Mines—
Pend
•
100
Nov
2.90
Foothills
8% July
■,
100
;
9
4%
5c July
51
Wnght-Hargreaves Mines™..
Apr
1.20
*—.*—*.****—.____•
Humberstone Shoe
Wood Alexander & James pfd
61 a
July
3c
Wiltsey'; Coghlan,—**—.1
Winnipeg Electric common
*
Preferred
80
9
preferred-.
Bridge
High
90
8%
*
Corp
Oil Co Ltd
Dominion
14%
Paper
LOW
6%
5
Consolidated
Range Since January
8%
Oct
Dalhousie
Shares
High
6%
Vinegars- *—__*—**——l..***
119
4Ta '
Low
*
.
Coast Copper
5.80 Aug
Jan
19;
Canada
Sep
Sep
36c
76%
74
74%
3.40
47
345
21%
4%.
-100
Jan
9%c Jan
7.029
56%
com*
'Preferred ——™!**——„***—.:
Westons Ltd common™
:
;*.
4.40
1,966
128,500
%c
4.80
21%
Western Canada Flour Mills
G.50
18c 21
573.t
*—
Preferred
6J)5
20c
of Prices
*
—
Sales
for Week
Range
Sale Price
Par
Apr
Sep
1.85
Jan
Week's
Last
STOCKS-
5% July
3% Nov
3%
,1.48
1.62
;
Funds
Nov. 13 to Nov. 19 both
inclusive, compiled from official sales lists
Feb
.25
12 V;
Exchange-Curb Section
High
.50
-
■_**_—£—.1—_
Upper Canada Mines Ltd
Low
July
July
*
Fuel
Class
Range Since January 1
High
—
Corp class A*—:
United
Shares
Low
23%
Union Gas Co of Canada-
Toronlo Slock
for Week
Range
Sale Price
Par
2079
Sales
;«._.*1
.
Brewery
July
1.75 Jun
Apr
Nov
Mar
34
14
45
Nov
714c Apr
1.05
25c
Sep
1.90
Jun
12c
Sep
Sep
Jan
2.00
OVER-THE-COUNTER MARKETS
Quotations for Friday Nov, 19
Investing Companies
Par
:
Bid
6.31
6.86
Affiliated Fund Inc....—1%
2.97
3.26
Insurance Companies
Ask
1
Aeronautical Securities™AAraerex
Holding Corp.*™*10
22%
;
American
23%
Series
.£*£*_.
25.51
Series
B-3———*.
17.32
19.02
Series
B-4
8.51
9.34
K-l_—
15.36
16;84
K-2__.____.__-i.*.,
17.04
18.74
Oil Shares.**—2
6
preferred
5
Industry Shares———10
Inv
Fund
Series
3%
Inc—————5
15,60
16.77
13.63
Fund Ltd™—I
X3.05
27.36
10.05
Christiana Securities
Preferred
——1
14.94
140
-
—1
Trust—
4.43
35
1
Corporate Trust Shares.
Series AA_—————1
■
Fidelity & Casualty.o
S-3
8.63
9.52
American
Re-Insurance.
S-4._
3.65
4.05
American
Reserve—
Mutual
(Colo)
£8%
—100
preferred--
111%
18^59
1
Diversified Trustee Shares—
Dividend Shares——25c
1.14
1
>19.85
27.58
29%
Fixed Trust Shares A.———10
Shares
9.08
B
3.55
44
Phoenix
Republic
28
30
Revere
5
45
48
17%
19%
41%
44 V*
5
8%
9%
7.80
X7.02
*—
Home
■—:
15%
Standard Accident*.*
66%
Travelers
U S
20* %
28%
U S Fire
Automobile
6.10
5.03
5.60
6.16
6.24
7.73.
5.52
shares————
X5.93
6.53
Bank
X5.55
i
4,70
6.12
Bank of New York—
Par
%
of the Manhattan
Co.—10
;
Bankers Trust
38%
Bid
20%
3.61
3.73
10
44%
100
87%
92 %
97 %
101 %
1
2.54
35
——_i._.__l
2.48
Chase National Bank.—*13.55
Chemical Bank & Trust—10
2.13
Commercial National Bank. &
^
1
(Geo)
Fund
i
L—10c
Brooklyn Trust
44
49
1
12.87
100
6.00
—
Trust
'V.-J
—
Continental
44%
Inc Shares
i
Republic Invest Fund—l
Scudder, Stevens & Clark
6.60
Inc.———*
•
3.12
224
4%
,275
9.82
1,460
101%
102%
101%
75.67
81.31
Lt 3s—1973
104Y4
104%
Light 3%s_:_1973
107%
108 a a
Low
5.00
5.51
A
A Series
Price Shares
_*
Petroleum
Railroad
:
5.65
4.39
4.84
shares.—,
5.88
shaves—
RR Equipment
shares
Series
AA_£_
1
D
Trustee Stand
6.47
A Series A
Light 3s
-100 1,230
Power &
Power
&
—1
2.16
2%s
2.06
Public
debs
Service
...1
Bid
Public Service
100
106a«
106%
105
Puget Sound Pow & Lt—
4'As
.—...1972
South
102%
107%
104%:
1973
(Jacob)
5s——7.1950
100%
(Indiana)—
E_._1973
Ask
106%
(New Hampshire)
3'As series A
Ruppert
——1953
3%s series
103 %
5.50
■__*£*, —1
Ask
Panhandle Eastern Pipe Line—
Shares--
ASeries B—
Gas
Delaware
Iowa
2.19
—1
;
Oil
Bid
Ai
;_i*
C—
3.34
.
—3.02
Corp—
Trustee Stand Invest Shs
6.22
...
—
Mining shares——
■
Carolina
Elec
& Gas—
3%s
—1972
107%
108 %
3%s__*—*1973
101%
1101%
6.10
_**_*
3.47
3.83
4.41
Class B
i'__>
,*!_ 25c
Trusteed Industry Shares.l. 25c
Union Bond Fund series ,A-
West
Texas
Util
Trusteed Amer Bank Shs-4-
..Stpel. shares.*.—a—'4.00
Tobacco shares—
Utility
3.71
shares—
4.03
4.33
—.—
4.77
Huron Holding Co,rp——1
Income
Foundation
14c
Inc
Fund
Common
1.37
Incorporated Investors.*%
5
Independence Trust ShareS——*
Securities
Aviation Group
18.63
shares*..—
of
1
,
1.08
21.26
7.32
8.01
16.52
U
Figures after decimal point represent one
5.96
El Lt
& Pwr Shares
A
15.46
•
1.19
21.57
.23.45
11.29
11.55
ABlair &
a
First
1
1%
.10
20%
UVb%
Feb
—
4s
1946-1944
1955-1945
tSep 15,
1947
15, 1945
100.7
100.9
Bid
tl%
Apr
-
1^,
U
*
102 3B
102 A
:___**
1955-1945—1
102,1
8
19441944-
%%
1
%
100.7
100.9
100.19
100.21
%%
99.31
100.1
t%s Dec 1, 1943
t%s Feb 1, 3944
1945-
% %
100.19
100.21
t%S Apr
1945-
1%%
100.15
100.17
t%s May
15,
15,
1946-
1
99.21
%
99.31
102 ,v.
103 Ta
104,\r
103];;
104 Vs
Other
U S
Conversion
Rates quoted
100.3
1,1944
100.4
100.5
NOV.
Jan.
1,
1956-1946
105%
105,V;
U S
3s
Mav
1.
195fi-l94fi_
1063
106
PononiH
26,
Dec. 2,
Dec
100.7
Conversion
3s__
nanal 3s
1943
105%
—1947
*1961
b0.37
Ask
100.25
100.27
100.17
100.19
Indebtedness—
bO.10
—*_
1)0.48
1944——
1,1944..:
are
0.44 r/e
b0.66
0.64%
b0.76
0.74
b0.77
0.75'7
b0.78
;.*—.*
0.64
b0.66
—
23,
at
0.7G%
purchase
0.28%
Bid
0.30%
6,
Jan,
13,
1944——.
1943
:
—
20,
Jan.
27, 1944
Feb.
3,
b0.37
0.32 '0
Feb
10,
1944.™
17,
1944—.
0.32%
Feb.
1944
0.32 7
0.33%
b0.37
Jan.
0.327
0.32%
b0.37
*
Ask
b0.37
b0.37
1944
b0.37
—
1943
30,
tor discount
Ask
b0.37
—
9, 1943
1943-
Dec.
—1945
b0.37
16,
Dec.
'
3s
Bid
1%%
T%%
t%s Aug. 1, 1944
•t%s Sept. 1, 1944.
t %s' ioct. 1, 1944-——-
Jan.
1943
Dec.
0.33%
b0.37
0.34 7
b0.375
0.357'
b0.375
0.35%
b0.375
0.35%
-
1944
—
105%
•No
3s
100.1
Bid
1944
Issues
99.23
Treasury bills—
.
.Feb
notes.
———
Certificates of
1
point
"
%%
Ask
Housing Authority—.
I%%
*
100.9
Reconstructloh"'Flnance Corp—
1964-1944*
3%s
3s
1946
22%
Federal Land Bank Bonds—
4s
15,
United Stales' Treasury Bills
Ask
Commodity Credit Corp—
tDec
100.7
Obligations Of Governmental Agencies
Bid
100.3
"io
tMar 15,
2
a
Int. Rate
100.1
tDec. 15, 1945-
Corp
32ds of
1
tMar
i_.
Co.*.
Boston
more
1944-
Mar 15,
I
Corporations
or
Maturity—
1%%
6ep 15,
JSept. 15, 1944.
17:00
Investment Banking
88c
Ask
Jun
18.06
1.60
I
Bid
Mar 15,
15.70
S
Int. Rate
Maturity15, 1943
Dec
10.21
79c
Amerlca.r_10
77c
24.58
Union Preferred Stock Fund™*
2,39
9.31
69c
5.45
Wellington Fund——J.
Insurance Group shares—.
Co
20.03
,
2.11
Bank Group shares...
Investment
1.50
Ltd—
Investors Fund C———
C—;*—._*—_****!_*!__■
Union Stock Fund B_
10c
Institutional
Series
26c
B——
Quotations For U. S. Treasury Notes
43c
23.84
19.44
Series
:
United States Trust.
Recent Bond Issues
101 Va
Investment
33%
90%
:_1963
St
53%
31Ta
35%
Calif Elec Power 3%s*.—1968
Super Corp of Amer
City Bank—i.i.12%
205
4%
Atlanta
State
46%
51%
195
86%
Bank——.100 1,420
13.93
Merchandise shares—,
a
National
43%
.20
& Co Inc..—.100
33%
National
"6.39
.
(J P)
25
5.78
7.46
preferred——
36%
New York Trust
13.07
6.34
33%
Public Nat'l Bank & Trust—17%
Title Guarantee & Trust
—.12
Sovereign investors
—1
Spencer Trask Fund—*—_J.
5.63
25
Manufactures Trust Co com*.20
Conv
13%
^——.1001,440
18%.
7.20
6.78
12%
3.05
46'/a
5,08
5.11
.10
*_
Ask
155
2.97
76%
6.55
5.76
v.
435/'a
4.61
shares—
100
17%
3.97
%**—*—.:_**.
140
72%
Shares—. *_1
shares™.—
Bid
**—*.100
Trust—.10
&
89.13
9.01
234
Income
Shares.*.***. 2%
Trust
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
46%
Amer
—
34%
3.43
87.37
7.
Selected
bond
73%
31%
Exchange Bank & Trust.20
Empire Trust
50
13.84.
Bank
37
Selected
General
68 V2
,—2.50
Par
Fulton
Morgan
.**—100
—
46%
9.10
Industrial Machinery
51%
Ask
19
100
6.08
Investing
48%
Gily Banks & Trust Cos.
/
Fully
■'
4.75
38% ;
U S Guarantee!
8.20
shares—*
67%
4,60
.4
Westchester Fire*.**.
Electrical Equipment—
Food shares——.—_
Administered
64%
36%
32%
Central Hanover Bank, & Trust 20
Fund,
131
10
97%
New York
6.41
First
6,87
Chemical
10
—
45%
30%
10.30
6.71
Building shares——•%—
51%
37%
125%
—™—100
42%
Series 1956
5.54
——
shares——.
shares
Aviation
—
304
48%
35%
Fidelity &: Guaranty Co..2
93
1.98
Putnam
24'A
294
& Marine.*._25
29%
—5
*—*
X4.26
1953.*
Quarterly
Springfield Fire
7
28
22'%
Marine—..62%
14%
Corn
Group Securities—,
Agricultural shares—
x26
10
Seaboard Surety*.*!:
10
Security New Haven..*.*-*..10
10
***,
X5.82
Plymouth Fund Inc.—:
5.44
....10
:_**
16%
37%
■
10.70
stock—.
Series 1958
,
32.38
5%
Fire
Fire &
89
35%
62%
28%
Hartford Fire
.**'**—*_*—10
Hartford Steamboiler Inspect.*10
6.92
St Paul
■
85
10
(Texas)
(Paul)
47%
10
14%
—5
com.
—*,———
*_;
;
110%
45%
(NY)——*__2
Reinsurance Corp
13%,-j.
Series 1955
4.24
5.05
91
12%
92
105%»
—5
Providence-Washington
10
American.*—*
Hanover
8.61
X9.73
preferred
87%
—————
107V*
107^8
5
130
131%
bonds
par
value,
a Odd
lot
sales,
b Yield
Cash sale—not Included in range for year.
are
subject
to
all Federal
taxes.
price,
d Deferred
x-Ex-clividend.
AQuotations
,
5
10
Preferred Accident..
87
,.
4%
12.50
66
%
•
:**_**_**—25
62'%
♦
Series
5.20
4.48
30.11
—
2nd
Great
9.22
X7.09
North Amer Bond Trust ctfS—
North Amer Trust shares;
21.44
-
9.91
X6.28
Railroad equipment*
Steel £
4.10
19.56
.*
-
40%
.***5
Globe & Republic.*******
Globe & Rutgers Fire Ins.
8.70
X7.83
i__
Railroad
—
A—1
Fundamental Trust Shares A—2
Indemnity Co
Corp.
X9.37
5.62
Ino....—2
General Capital Corp..*——•
General Investors Trust—1
Fire
Pacific
Marine..
Glens Falls Fire—***—
5.87
„—_—**_*—
Insurance
■.( 1.82
5.05
Gibraltar Fire &
equipment™!—
—
Metals-:
18.29
.
General Reinsurance
X8.38
Machixiery
29.66
30%
16.99
1.65
Financial Industrial Fund, IncFirst Mutual Trust Fund—8
Invest
stock
Chemical
.12.51
a
Equitable Invest Corp (Mass) .5
Equity Corp $3 conv pfd—*—1
Fidelity Fund Inc.——
—•
Fundamental
Bank
Building supply.
,21.32
11-.65
*<—1
Foundation Trust
:
'L.;-'=c-^-
Fund.!
Stock
6.45
6.78
12.46
X7.91
23%
5
...5
Fire
6.12
X5.33
22%
_iu
11.56
X9.01
14%
..2.50
—
Pacific
Franklin
*-*;
47%
13%
Northern
4.55
5.85
33:%
44%
59%
148
29%
31%
Northeastern
142
8%
194
27%,
10
40
4.10
—1
19%
37
x37%
7%
184
—10
35%
7.34
—
60%
55%
6.68
England Fund
5%
24%
33 %
series_____*___**__
series
4%
21%
57%
10
Fireman's Fd of San Fran—10
Firemen's of Newark—
5
Electrical
Balanced. Fund———
17%
:
'.*****:_—**■*5
New York Yire
North River.*
.
.
8
10
New Brunswick*.
New Hampshire Fire...
5.80
22%
9%
(Detroit)*.10
Casualty—_2
35
—5
Employees Group
Employers Reinsurance
2.87
Automobile
1.25
'
& Howard—
87%
5.55
21%
10
2.54
Agriculture
5.85
Eaton
10.93
3.40
Aviation,
5.15
—
10.01
New York: Stocks Inc—
20.10
-2.50
—
x82%
25
.*100
priced stock common
Preferred stock series
V" 345
—
10
Ins
National Liberty
.2
National Union Fire***— ***.20
New Amsterdam
8
10
.
-1
D
43%
%
7
20
*'-.
-
C———u———
40 %
Fire Assn of Phila
New
'
Delaware Fund.
61
Fidelity & Deposit of Md
:
32%
"'4 51
58%
7.09
Income
;
Cumulative Trust Shares—*
25
Connecticut General Life_
Continental Casualty.—*.
'
Low priced bond seriesii*
30%
preferred—-*——100
£7%
Surety
6.56
.1.19
shares——10
B
Fire
Casualty
Federal
29
/
& Forster Insurance—
L Common
Inc.—
shares__"_
voting shares
Bond
Crum
Monarch
National Investors Corp...., —1
National Security Series^—..
2.14
27
10.38
48%
6%
National
Fire—_—_***—_5
City of New York*.
10
21.12
9.65
45%
4
National Fire
1.30
2.57
common—10
19.64
1
,—5
Y
Merchant Fire Assur*.
Merch & Mfrs Fire N Y
16'4
1.17
—1
& Forster
Fund
Securities—
B
1
—
74:!'t
16%
Camden
Fund-
7%
71'/4
57%
Boston
4.46
6%
14%
25c
Low
ACrum
2d
series
(Md)
8.65
4.05
Tiust—_*!_.
Invest
Nation-Wide
7.86
40%.
8%
N
,,
54%
.10
Mass Investors
Mass Investors
4.82
19%
12%
2Va
.16C
37%
5
of
15%
Automobile
,10c
—20
Maryland Casualty***—.
_*.i
Massachusetts Bonding—12%
Jersey Insurance
Knickerbocker;
■
10
Baltimore American—*;
Bankers & Shippers——
——_*___.
83 %
...io
_***
American
,6.09
Ask
15%
81%
*10
89.10
2.57
mod—*—:
5.56
18% :
10%
Bid
13%.
10
—2%
37.01
1
Series ACC
Fund
5
87.32
37
•
Equitable—
American
Fire.*
Insur Co of North America
12%
American
Series
;
ii%
American of Newark.—
2.14
mod
American Casualty——*—*
12.78
Accumulative series——1
AA
24%
Homestead
1
78%
22%
36.36
2.26
—1
35
75
10
24.63
Common
145
Commonwealth Invest
33%
25
11.60
Maryland Fund Inc.—
2, 250
;—100
Investment
.
com—100 2,150
—-—
—*_**10
;
Alliance—
Loomis Sayles Mitt Fund
29.42
9.29
Inv
Fund.——
Life—
Loom is Sayles Sec Fund™. .10
Manhattan Bond Fund Inc-
3,55
Century Shares Trust———*
Canadian
Aetna
Agricultural
American
22.41
Knickerbocker
27;88
Ltd*———!
Chemical
56 y4
Series
,
104.69
25.79
Fund
5
;
Broad Street Invest Co Inc.—5
53%
£
144%
S-2
S-l—„**%.%^_*1_*
Ask
.
136%
10
Series
4%
3.54
100.50
America——
...
Bid
10
Series
•
.Series
,
A6%
of
13.43
3%
1
———
Tr
Series
12.49
—1
6%
B-2_*
.
Casual & Surety—
Aetna
28.00
3.33
Basic
•
Aetna
14,34
Bond
.
29.15
V"' Par
y-
Funds—
3.04
A Common
Consol
27.82
Custodian
B-l_*_—
13.22
Axe-Houghton Fund Inc—*
Bankers Nat Investing—
Boston
Series
Ask
1
Stand
Bullock
Keystone
Bid
Par
t
Foreign Investing_10c
American Business Shares
Assoc
.
delivery,
y Ex-rights,
net furnished
bv
r
Canadian
tin default.
sponsor
or
issuer.
market.
tThese
.
\
THE COMMERCIAL & FINANCIAL CHRONICLE
2080
Monday, November 22, 1943
Week Ended Nov,
COURSE OF BANE CLEARINGS
THE
1943
1942
$
13
$
1940
1941
Inc. or
$
Dec. fo
Fifth Federal Reserve District—Richmond—
Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country indicate that for the week ended Saturday, Nov. 20, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 13.9% above those for the corresponding week last year.
Our preliminary total
stands at $9,424,538,254 against $8,271,059,718 for the same week in 1942.
At this
center there is a gain for the week ended
Friday of 26.1%. Our comparative sum¬
for the week follows:
mary
increase compared with a year ago.
clearings this week show an
Bank
West
Virginia—HuntingtonVirginia—Norfolk
Total
$4,041,015,500
418,757,420
592,000,000
312,841,458
18o,J92,515
182,400,000
233,677,000
221,748,411
—
City
Kansas
Louis
—
_—
Francisco
!_
Pittsburgh
362.328.836
511,000,000
five days—
cities,
day—.:
one
—
*
cities
all
week
for
+ 15.6
*1,500,000
1,344,572
+ 20.2
20,123,000
18,945,000
50,105,004
36,972,373
+ 35.5
38,099,165
26,082,142
Mississippi—Vicksburg———„
Louisiana—New Orleans.-
$8,271,059,718
Mobile.
9.9
—.
Total
+ 19.4
—
+
6.8
7.6
—
2,598,988
3,321,067
+; 2.7
305,658,716
228,345
187,439
17.3
53,360,300
44,440,490
+18.9
215,843
75,029,250
363,558,250
(10 cities)
Michigan—Ann Arbor
+ 13.6
.
_
249,217,112
196,565,244
+
South
Bend
3,161,482
—
!__
3.754,137
2,709,868
2,032,643
'
31,575,000
3,758,571
.
545,176
4,504,558
—13.5
—
3,165,646
2,903,722
28,656,000
...
——
681,447
2.8
+ 18.5
'626,889
4,993,178
3,750,426
Indiana—Fort Wayne——
+13.9
542,132
4,852,293
_
!!
Rapids—
Lansing——
14:0
4,094,652
24,872,000
3,041,555
2,430,370
6,988,788
5,782,042
26,871,348
23,235,972
1,515,307
12,209,418
+ 21.8
1,543,573
1,386,529
14,192,418
+ 16.2
12,905,238
10,891,006
4,880,868
—
—„
Decatur
2,335,170
28,908,000
0.5
5,458,068
—10.6
4,499,786
3,357,048
419,389
367,215,558
31,324,524
+
1,845,162
......
Illinois—Bioomington—
Chicago——.—.!
2,402,461
9.2
8.2
—21.7
9,050,523
31,475,586
—
Sioux City—.
.8.9
+
—
—
7,085,769
Iowa—Cedar Rapids
Des Moines..
:
Complete and exact details for the week covered
issue of next week. We cannot furnish them
565,407
517,171
9.3
503,000
424,547,417
404,316,315
+
5.0
426,107,178
2,326,070
+
5.7
1,244,877
2.7
4,794,971
6.8
2,120,187
,...
—
_
2,459,780
—_
+
,
'
Peoria
5,820,963
,
.
Total
(17 cities)
+
2,122,006
—
2,018,940
+
12.5
1,601,148
■l'jll'.W
541,841,924
,
Springfield..—.
4,801,465
1,976,796
2,270,854
—
Rockford—
523,018,894
+
3.6
531,427,983
457,345,674
+
11.1
+
Eighth Federal Reserve District—St. LouisMissouri—St. Louis.,——_———
152,700,000
Tdoal
(4 cities)
Ninth Federal Reserve
Minnesota—Duluth_
55,167,361
42,203,711
—14.1
44,633,602
37,049.886
1,030,000
+ 11.9
632,000
617,000
250,924,829
4.9
219,032,963
176,970,097
+
District—Minneapolis4,997,346
110,276,205
42,183,456
Paul
6,136,685
131,450,343
—
Minneapolis——
St.
97,100,000
7.5
52,809,645
1,153,000
—
118,600,000
59,585,184
45,375.160
—
Tennessee—Memphis..;—*——
Illinois—Quincy.^
137,500,000
64,066.049
263,294,209
Kentucky—Louisville
42,454,762
—18.6
3,502.577
5,212,256
+.19.2
96,661,101
66,935.145
0.6
37,141,742
26,603,553
2,538.456
—
North
Dakota—Fargo^_
3,292,721
3,560,951
7.5
3,342,465
South
...
Dakota—Aberdeen.
1,148,754
1,340,346
—14.3
1,137,747
1,693,696
1,512,483
+ 12.0
1,391,413
986,140
4,239,535
5,510,384
—23.1
4,642,082
3,845,816
189,005,851
170,791,816
+10;7
149,528,806
105,264,525
Montana—Billings——
by Federal Reserve Districts:
a summary
5,199,751
221,747
88,024,788
Seventh Federal Reserve District- Chicago—
our
-
4,802,608
.v.
——
5.2
8.0
—
Terre Haute
District by 12.4%.
1,654,943
-
2,459,962
3.0
+
+ 31.9
3.2
$6,888,526,030
1,382,533,688
73,300,000
*1,700,000
23.4
+
23,041,629
94,600,000
32,233,793
+
+
4,970,041
29,044,891
+
Alabama—Birmingham
4.7
+ 12.8
—
6.480,382
8.1
+16.3
33,272,079
2,243,145
+
$5,430,738,815
1,467,787,215
$9,424,538,254
—
furnish
177,851,384
38,760,127
Wisconsin—Milwaukee.
In the following we
206,810,678
+ 68.3
6,071,122
2,641,146
————.
Macon—
Estimated.
San Francisco Reserve
7.5
Florida—Jacksonville———
+ 15.9
by the^ foregoing will appear
today, inasmuch as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, iri the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below
we are able to give the final and complete results for the week previous—the week
ended Nov. 13.
For that week there was an increase of 14.7%, the aggregate of
clearings for the whole country having amounted to $8,419,187,377 against $7,341,612,246 in the same week in 1942. Outside of this city there was an increase of 44.4%,
the bank clearings at this center having recorded a gain of 23.5%,
We group the
cities according to the Federal Reserve Districts in which they are located and from
this it appears that in the New Xork District (including this city) the totals record
an
increase of 22.8% and in the Philadelphia Reserve District of 6.1%, but in the
Boston Reserve District the totals register a decrease of 2,7%.
In the Cleveland
Reserve District the totals show an improvement of 2.9%, in the Richmond Reserve
District of 7.5% and in the Atlanta Reserve District of 18.9%,
In the Chicago
Reserve District there is a gain of '3.6%; in the St. Louis Reserve District of 4.9%
and in the Minneapolis Reserve District of 10.7%. In the Kansas City Reserve District
the totals are larger by 5.7%, in the Dallas Reserve District by 6.5% and in. the
in
+
+
110,400,000
2,564,505
1,139,401
—
Indianapolis—,—;
Total
.0,220,284
128,400,000
—
Georgia—Atlanta—
Augusta-
+ 26.6
147,800,000
$7,853,781,878
1,570,756,376
Total all cities, five days—'
All
92,588,952
29,724,732
237,231,889
Grand
-
35,150,709
255,072,135
—
$6,486,389,398
1,367,392,480
—
Other cities, five days—
I!
103,432,327
4.2
35,830,921
226,346,000
201,851,440
177.263.837
119,934,071
129,557,094
—
cities,
5.1
+
122,552,858
37,345,615
323,160,129
165,297,664
*168,000,000
Baltimore
Ten
———
—
1.573,232
+
128,821,039
Nashville—
j
:
$3,190,756,838
•
Boston
St.
3,443,000
49,834,306
1,785,270
—
Tennessee—Knoxville
1942
1943
Philadelphia
San
4,159,000
61,413,847
+
Sixth Federal Reserve District- •Atlanta—
20
York.
New
0.7
3.0
2,281,903
(6 cities)
687,162
+ 14.2
5,845,000
69,698,923
Columbia—Washington-
District of
879,525
6.1
+
5,887,000
Carolina—Charleston
Maryland—Baltimore—.
/
1,022,284
79,583,368
2,350,128
:
_.
Richmond
South
Clearings—Returns by Telegraph
Week Ending Nov.
1,084,985
.
Helena.
—
—
872.838
SUMMARY OF BANK CLEARINGS
-
Week Ended Nov. 13
1st Boston
New
3d
6th Richmond
6th Atlanta
8th St,
462,362.741
Hastings
492,477,871
+
2.9
445,786,397
366,490,322
Lincoln
255,072,135
237,231,889
+
7.5
206,810,678
177,851,384
Omaha.—.._
363,558,250
305,658,716
523,018,894
250,924,829
+
18.9
249,217,112
196,565,244
+
3.6
531,427,983
457,345,674
263,294,209
+
4.9
219,032,963
176,970,097
189,005,851
170,791,816
+
10.7
149,528,806
105,264,525
239,792,466
'+
7
"
". '
"
10
———
Louis-—r
9th Minneapolis
10th Kansas
283,676,165
3,518,503,257
550,750,163
6
——
——
7th Chicago
320,339,099
3,375,205,165
—J 17
"
4
7
"
541,841,924
'«
.—
—
—
'
253,560,160
«'
10
City_
'
—
176,653,255
5.7
,
Tenth Federal Reserve District—Kansas City—
6.1
506,885,574
"
—'
4th Cleveland
(7 cities)—.
:
2.7
561,563,666
cities
12
—_
$
+
344,045,419
3,680,022,807
595,656,120
12
Philadelphia
Total
1940
+ 22.8
334.789,083
4,519,868,709
-10
„
—
York——_
2d
$
Dec. *4
$
$
1941
Inc. or
1942
1943
Reserve Districts
Federal
Nebraska—Fremont.—
116,440,582
+
6.5
108,042,213
+
12.4
330,076,220
8,419,187,377
7,341,612,246
+ 14.7
6,662,920,054
4,047,814,760
2,803,337,359
44.4
3,419,681,721
796,646,008
621,891,439
2,582,100
...—
Wichita
109,682
167,839
157,937
+
7.4
3,390,480
2,698,240
+
3.1
39,458,432
30,656.487
*•—24.3
3,411,516
1,547,863
2,393,804
5,916,258
St. Joseph..—
Pueblo
+
9.4
3,984,697
3,051,003
159,054,527
+
6.5
122,201,830
98,465,315
5,581,606
4,059,332
+
37.5
3,458,762
3,209,823
1,049,842
...
5,406,179
169,412,866
Colorado—Colorado Springs....
2,841,750,057
32 Cities
;
61,880,802
101,598
+ 61.2
1,203,157
—12.7
633,256
1,012,293
616,398
6,240,384,721
+
63.779,493
5.9
+
*185,000
3,480,723
267,155,073
.111 cities
Outside New York City————
179,195
298,268
3,737,655
Kansas—Topeka—
86,897,377
419,643,991
189,779
—
Missouri—Kansas City—,
141,302,862
124,040,869
471,614,493
—
—
11th Dallas
Francisco—.
12th San
6
M
10
"
.—
Total
-
'
——
Total
.....
(10 cities)
253,560,160
—.
We
now
383,860,739
;
'.
Portland-—__————.—
Massachusetts—Boston—.
Fall River
——
Lowell—
——
New Bedford
——*
Springfield—.
:
13
Inc. or
1941
1940
New: Haven—————
$
Dec. %
$
745,464
15.3
+
577,816
666,263
3,010,082
287.672,350
1,134,203
480,570
1,165,872
4,172,838
—50.0
6,022,459
295,289,681
3,275,840
2.6
274,847,490
—
561,341
2,019,577
245,402, S
869,526
+
30.4
883,476
420,960
+
14.2
441,959
+
16.9
886,308
764,021
+
2.5
3,731,542
3,540,812
997,368
4,071,235
;
417,847
2,665,237
+
9.3
2,677,480
2,329,266
,11,910.776
,.+
11.4
12,887,466
11,097,865
5,533,883
+
0.7
5,554,400
4.569,502
Island—Providence——14,050,300
New Hampshire—Manchester—-—
679,125
334,789,083
344,045,419
561,978
13,642,100
7.1
15,124,500
(12 cities)
(6 cities)
1,949,586
68,699,126
10.061,107
8,917,335
+
2,620,000
5,2
2,990,000
1,299,137
+
7.0
1,276,230
5,175,842
—
9.1
5,093.722
124,040,869
116,440,582
+
6.5
108,042,213
73,622,986
—
+
1,389,738
4,706,722
—
77,743,213
5.3
58,691,475
Yakima...;
5,090,023
4,503,300
765,574
778,206
2.7
320,339,099
283,676,165
7.6
1.368,862
—
6.9
48,700,000
39,200,000
6.6
1,205,447
1,914,095
+ 18.6
1,569,947
1,183.143
65,218,180
+ 10.7
48,913,035
Utah—Salt Lake City
25,676,407
25,442,894
+
0.9
21.211,340
38,636,569
17,233,159
„
California—Long Beach..
Pasadena
10.347,636
;
....
Stockton
>
—
Total (10
Grand
cities).,_L
Total
(111
+ 58.2
3,727,142
+ 18.0
182,630,000
4,837.783
+
1,718.504
San Jose
Santa Barbara
+ 55.9
2,942,569
229,900,000
4,966,020
...
6,638,160
4,656,552
271,210,000
—
—
San Francisco
1,461,669
+
17.6
1,689,165
4,945,146
3,545,428
+
39.5
2,797,722 0;b „■■■ 2,779,290
4,754,900
2.7
4,091,494
New
i
.
Rochester
—
330,076,2
,220
,267,155,073
+
14.7
6,662
054
6,240,384,721
4,047,814,760
...
419,643,991
2,803,337,359
+
44.4
3,419,
721
.2,841,750,057
+ 12.4
New
Week Ended
1943
——.
961,360
+
6.0
1,148,994
1,045,578
3,538,274,887
+
23.5
3,243,238,333
3,398,634,664
Montreal
10,248,732
+
21.6
10,872,762
8,964,154
Winnipeg
5,815,815
4,764,103
5,529,826
Vancouver-————
4,625,390
Ottawa
527,832
540,195
4.0
23,140.802
20,413,563
0.4
27,391,657
29,538,195
+22.8
3,375,205,165
3,518,503,257
67.2
492,658
504,924
6,599,851-
5,152,776
.
354,127
Northern New Jersey—
—
24,188,087
33,969,456
4,519,868,709
Newark--—
369,707
33,822,842
——.
5,425,373
25,165,869
Jersey—Montclair
7,324,514
—.
3,680,022,807
—21.9
+ 35.0
—
+
—
4.2
>■
f
Toronto—!—
L,
169,317,742
—.
^—
—
(12 cities)—.
—.
District—-Philadelphia—.
379,753
+
93,513,674
132,959,830
+
27.1
105,861,579
64,315,694
+
53.2
49,429,372
43,014,188
21,623,322
+
43.4
16,847,221
14,450,199
197,611,745
+ 21.5
40,607,098
29,289,552
5,441,650
4,354,986
25.0
2,998,847
2,746,352
+17.5
6,420,396
—
5.063,985
+
6,549,945
8,498.040
+
36.1
6,874,767
6,273,689
3,085,057
—-
4,078,951
7,699,459
—
-
7,131,553
+ 29.0
11,565,633
—
2,333,730
+ 32.2
1,759,187
2,111,400
1,891,589
+
26.4
1,755,096
2,896,171
+
97.1
2,318,814
2,303,743
+
25.0
5,235,940
4,043,196
8,750,852
5,707,258
8,899,782
——
.
7,122,645
2,390,220
—
Edmonton
$
113,942,187
9,198,402
London
634,797
1;
5,100,548
.
Victoria—
Third Federal Reserve
(Pennsylvania—Altoona——!——
!
240,092,145
——
St. John-.
s
98,501,835
Quebec——
Hamilton—
+ 25.2
135,239,943
1940
1941
•
31,090,530
-
Halifax—
11
Inc. or
Dec. %
80,192,379
169,035,495
—
Calgary———
Total
Nov.
1942
$
12,466,651
—
Syracuse—
Connecticut—Stamford—;
1,578,333
t(>
7,341,612,246
Canada—
1,018,643
—
—
York———
;
3,466,972
152,152,000
i
3,233,468
471,614.493
4,371,372,617
Jamestown^——
.3,813,502
•
,
8,419,187,377
cities)——.
696.705
+
43,078,632
2,269,730
1,283,750
+
+
'
1,312,290
—.
86,897,377
8,031,237
1,230,791
1,264,540
56,014,000
,
——
7,030,564
—11.5
52,400,000
1,361,080
—
Buffalo
Elmira——
'
72,201,512
...
—
11,532,700
20.8
+
Washington—Seattle——
Second Federal Reserve District—New York—
Blnghamton
1,160,169
3,787,161
Oregon—Portland—.
Outside New York—
New York—Albany——
2,384,000
=
Twelfth Federal Reserve District—San
f&hode
Total
Total
2,172,154
86,449,000
—
15,030,483
2,756.000
Falls—
7.7
11.4
—15,1
89,946,431
12,764,603
Galveston-.;
$
5,572,925
—.
141,302,862
176,653,255
-
2,913,137
13,271,418
Worcester—--.—__———-——.
Connecticut—Hartford————.
5.7
+
2,368,689
100,238,364
....
Fort Worth-....—
Wichita
District—Boston-
Maine—Bangor———.
,
2,185,442
■
Louisiana—Shreveport.,
1942
1943
*
First Federal Reserve
Dallas
,
Week Ended Nov.
Clearings at—
309,860,757
figures for each city for the
add) our detailed statement showing the
for four years:
;
;!■
week ended Now 13
239.792,466
790,414
862,557
___
—
+28.1
8.6
+
Eleventh Federal Reserve District—Dallas-
Texas—Austin—
Canada
932,035
+ 15.2
6,770,106
5,548,601
1,520,287
"
Bethlehem——
682,196';
—
Chester——
Lancaster
;
Reading
580,000,000
—
Scranton
1.551,874
2,632,287
.
.
1,521.389
—
532,972
1,756,587
.
546,000,000
+
62.5
496,024
461,724
+ 77.6
415,687
526,823
4.0
1,872,451
1,435,078
6.2
535,000,000
448,000,000
—
+
Regina.u—
11.9
1,689,098
1,937,525
+
12.2
2,786.428
2,341,578
Brantford
+
17.8
1,252,558
1,207,181
Fort
William
Westminster-
+
—;
(10 cities)
1,976,499
—18.2
1,898,359
1,586,308
New
5,474,600
—19.9
4,846,900
4,361,600
.
Medicine Hat_
595,656,120
—
561,563,666
+
6.1
550,750,163
462,362,741
90,486,501
Columbus
-
Mansfield—
Younestnwn
1.751,802
2,970,878
2,998,084
213,007,683
Pennsylvania—Pittsburgh
)
13,541.700
2.012,155
—
,
Total <7 cities)
188,472,176
15.244,500
Cleveland
83,323,836
178,772,429
Cincinnati
3,365,771
199,024,502
506.885,574
492,477.871
+.
6.7
3,252,475
2,847,200
+
8.6
86,347,548
68,872,985
5.1
165,223,282
129,900,933
12.6
13,983,100
12.622,500
+ 14.9
2,168,811
1.868.197
0.9
3,999.634
3,381,480
—
+
—
+
7.4
170,811,547
445.786,397
366,490,322
Moncton
+
1,407,267
720,827
585,345
1,161,479
+ 10.6
995,455
791.341
1,005,599
+
14.5
907,860
719,712
634,686
1,151,232
n
!
I
969,381
5.0
743,810
522,028
+
8.6
412,665
837,404
+
23.4
676,641
551,466
956,036
+ 15.9
835,713
817.098
+ 24.3
1.193,497
3,966,834
542,488
632,170
1,537,684
—
1,168,009
968,939
831,472
818,385
—
^•^82,245
820,983
Sudbury-—
(32 cities)
—
533,395
1,169,270
Sarnia
•Estimated.
+ 21.1
566,868
1,484,054
-
Kingston
Total
-
1,752,627
4,411,680
—
!
Chatham
+ 72.2
1,107,643
;
Albert
146,997,027
2.9
Prince
359,498
1,017,193
2,027,718
971,747
911,329
;
Sherbrooke
Windsor
3,591,428
429,803
1,106,348
1,033,604
Kitchener
Fourth Federal Reserve District—Cleveland—
Ohio—Canton
4.0
15.9
1,284,654
-
—
Peterborough
Total
+
+
1,177,020
Moose Jaw
1,617,651
Jersey—Trenton
-624,366
1,514,897
3,492,394
Saskatoon—
1,291,785
1,386,378
649,352
1,755,436
—
—
2,345,219
.
10,078,887
—
Brandon
Lethbridge—
4,383,300
York—
New
.
1,686,086'
Philadelphia-
Wilkes-Barre
419,873
946,540
;
—
1,190,152
796,646,008
621,89.1,439
—
375.097
1,118,416
1,060,501
11.2
3.163,289
3,180,892
—14.2
545,491
+
396,873
750.433
31.7
1,048,380
+ 16.5
695,954
+
4.6
695;685
+
53.9
465,9.10
419,16 V
1.8
1,283,605
1,129,285
+ 28.1
383,860,739
309,860,757
+
—
;
625,742
612.886
-
Volume
Number 4231
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
DIVIDENDS
Dividends
first
grouped in two separate tables. In the
bring together all the dividends announced the
we
current
which
Name of
are
week.
Then
follow with
we
preferred <cjuar.)
preferred (quar.)———
preferred (quar.)
5ft preferred (quar.)
Cincinnati Street Ry, (year-end)—-.-—
$5
Bank
Crown Trust
Industrial
I St..
Bank
Trust
&
Trust
(Hartford)4
Phoenix Nat'l Bank
Nat!
Louis)
12-15
12-
12-16
1- 3
12- 1
12-15
50c
,:
Park-Street
12-15
50c
,
(Providence)
Bank
1-3
Name of
A
11-18
12-15
Company
Affiliated Fund
'
1-15
12-20
5c
Allen
Industries, Inc.
-4
3
6%
12-10
75c
12-
6
convertible preferred
•
1-
l
4ft
'
1212-
1
12-15
12-13
Distilling Co.—
Stockholders
chase
;
share
5ft
have
win
barrel
one
11-29
right to-purwhiskey for each
Furniture
Mart
Bldg.—
ftft -ft
■
$6 preferred (year end)
American-Hawaiian Steamship
$2Va
—ft....."_4._Leather, 6y2 ft pfd. <quar.)
American Insulator Corp. of Del., com. (quar.)
Conv. prior preferred is-a>
American
Machine
American
Meter
preferred
class'A....u~~-.+.--ftr.~-ft...4;.
(annual)
American Stores Co;
:
11-24
5ft
conv.
12-15
11-26
5ft
conv.
12-23:
12- 6
Electric
12-23
12-
■>
$3
25c
.
1-
3
American
$1%
1-3
preferred
Angostura-Wuppefmann Corp.
Power
preferred
&
Extra
Light, S6 pfd.
(quar.)_„
5ft
12-
1
11-22
12-
6
11-17
Paso
$2.25
Emsco
15c
12-10
12-
1
$20c
12-31
12-
1
Faber,
$20c
\ 12-31
.12-
1
12-6
S1V4
12-15
Associated Tel.
& Tel.,
7ft
pfd.
RR.
1
•
:
11-20
11-19
12-15
12-10
Lincoln
37 %c
Federal
37'Ac
Eft preferred (quar.)—.-t—$1%
12-31
12-
4
Firestone
4
Line
Co.
(Conn.)
RR.
Automotive Gear Works, $1.65 pfd.
Common
12-31
12-
$2
12-24
11-29
Sift
(year end)
(year end)
12-24
11-29
.ft.
■—
41(4c
12-1
(quar.)—
12-1
11-30
11-16
10-30
12-24
.
11-20
12-20
Fox
11-23
—
(Del.)
Corp.
(Peter)
Stores,
common
(Year
end)
.U_15c
Black-CIawsbn,
6ft
common
12-1
Power & Light, 5ft
pfd. (quar.)
Valley Gas & Electric— ;
6ft. preferred (s-at
:
;—--
12-
11-20
1
$5
Blackstone
ft.v
S3
12- 1
Blaw-Knox Co, (year-end)
20c
BIoclV Brothers Tobacco, common (irreg.)40c
6ft preferred (quar.)-,-./—SIVa ft".
Bolsa Chica Oil Corp.
(initial)—
—
ft;
5c
11-24
12-23
11-29
11-15
12-21
12-15
11-30
12-15<
$5 preferred
11-29
7ft
■
Borne-Scrymser
Boss
Co.- (year-end
1
■-,-.—
Sift
,
Manufacturing Co;-—-—ft-————a.Elevated Ry. (quar.)——
50c
Boston
Boston
Herald
Breeze
Corps,
Briggs
&
Brooke
(E.
Traveler
Stratton
&
G.)
Corp
Iron
.—
.
Cable
•
Mfg.
Ink
(quar.)
Canada
Permanent
Carolina
Case
(J.
Co.
Tel.
&
(year end)
Cent'al
Cold
(quar,)—
1212-
3
7ft
11-10
11-20
10-15
.12-20
(quar.)
$6
preferred
$7
conv.
50c
<12-11
12-
'12-15
12-1
1+3
:
■
1- ,3
1+ 3
1
12-15
.
12-
3
12-
l*
12-10
12-
SI
12-10
11-26
$2
3r
12-15
1
—
(quar.)
—
Extra
-
common
(increased)
(quar.)
Christiana Securities Co.,
.
11-30
McKenzie
11-30
Merchants
Firfi Insurance (Denver)
62ftc
12-14
common
(irreg.)-.-
preferred (quar.)
11-20
11-25
X2+
;
1
$1
25c
.'■1;;
12-10
12-15
1-
;
3
class
A
Extra-ft.--—
12-
Midland
1
1
Oil
12-22
12-22
12-15
$7
preferred
(quar.)
12-
20c
12-16
12-
37ftc
12+21
12-
1
;
12-21
12-
1
25C
25c
.11-15
12-15
12-
50c
$.$1.38
12-20
Morgan (J. P.) & Co.—
11-30
Mutual
Cash
Common
National
12-15
2-
2-15
conv.
preferred
Dairy
Class B
—..
12-11
11-29
12-31
■
Castings..'
•
50c
preferred (s-a)__—'.-.i.u—-..
ft
1
1-
3
12-
1
12-
1
12-
1
12-
1
12-10
12-14
12-7
12-15
11-27
12-1
11-15
Tel,
&
,
12-10
B
{year
prior
Texas
11-30
75c
12-22
12-14.
ft—ft75c
12-22
12-14
1
12-22
class A
end),
preferred
11-22
25c
11-25
6ft
preferred
Northern
end).
(year
(quar,)..—:
75c
1-
Oil
(quar.)—:
States Power
12-16
.ft...._
$1.ft
12-1
11-20
1
12-20
Oceanic
2c
ft 11-29
11-10
11-23
$114
12-15
11-30
$1%
.12-15
$1%
20c
12-15
12-10
(quar.lft.J—i.——50c
12-15
1-
25c
Oil
■
Co.—ft.—-ft
—-ft
12-13
11-26
Interlake Iron Corp.
6
11-26
20c
12-
8
1.1-26
Oklahoma
3,2-
1
11-17
3.2-
1
11-17
15c
12-10
11-30
12-31
12-10
1-
12-20
35C
-
;
—_—
3:2-
Ohio Confection, $2% class A com. (accum.)
Ohio Service Holding1;(resumed 1
37ftc
——-
Sift
15C
70c
$12ftc
tlOc
(quar.)—
'
62 y2c
25c
$37ftc
50c
.
2
12-18
12-
12-1:
11-22
12-10
12-
12-
1
11-20
12-1
11-20
32-
11-20
1
12-27
4
3
12-14
'
non-cum.
conv.
pfd.
(s-a)
(resumed)-
International Business Machines
(quar.)
11-20
dividend
11-20
International Cigar Machinery Co. (year-end)
12-15
11-22
International Harvester Co., com. (year end)
3
12-20
—
1-
3
12-15
18c
32-
1
11-29
12-10
11-26
Sift
12-10
11-30
5ft
pfd. (initial)
30c
35c
—
1-28
1-14
30c
12-10
50c
22-15
U-30
1-15
12-20
50c
ft 12-31
12-31
(Wise.)—
5ft preferred (quar,)...——
11-15
12-
..ft ft i-25
'' 1-25
t$l%
,
12- 2 :ft
3
12-1Q
32-20
37 %C
.,
11-24
12-10
(year-end n——.15%o
North Pennsylvania RR, (quar.)
— u.__—.
$1
Northern Ontario Power, common..ft—— w.
$12c
11-22
1
11-12
-.11-12
6ft
11-20
12-
12-
11-12
1
North Central
11-20
75c
11-30
t
12-1
$3V2
Jt
.>1.42.-15'
12-31
Class
11-20
11-20
.
1
X
(irreg.)—$l)2
Tel.
North American Rayon,
12-20
;
$1
1-
City Omnibus .ft;
$1
Mining Corp.
37%c
Newport Electric (irregular)
40c
Newport Industries, Inc.. —
ft
20c
Niagara Lower Arch Bridge (quar.)—..>.^.4;"
J50c
11-26
Sift'
—
(quar.)
partic. preferred
(quar.)
25c
50c
Newmont
11-X7
25c
(quar.)-—— '
Independent Pneumatic Tool, v.t.c
Common
12-20 'j'(:X2+t,8ft.
.';?1'2- 8
12-11 -ft';; 11+27*))
12-20
York
87ftc
Extra'
Stock
12?%8
35c
.
Parts
Motocycle, 6ft
11-29
B
New
1
12-
.
(quar.)——_
Class
Co.
Co.
■
^Jl-lS
12-15
12+
England
12-15
12-8
.'v. sift :;
;$i.5o
—-
(quar.)_ft-„—
Packing, 6ft preferred (quar.)
Hygrade Food Products (year-end)
;—
Imperial Varnish & Color, Ltd., com. (quar.)
Indian
12-15
11-22
.
—
$2
—
Hunt Bros.
conv.
10c
25c
.ft ftft 50o
12-10
7ft
■'1.1 -IT
12-
SI ft
11-29
50c
New
12- 1
SI
.
_
12-15
Cordage Co., common—ft——
3
1-
12-10
1-15
75c
11-30
2-1
.
2-1
(quar.);.—.——
(year-end)—..;
New Bedford
Properties—
Electrochemical, 6ft pfd. (quar.)—_
Houdaille-Hershey, class A (quar.)
--ftft
$1.50
ft
Steel
Transit
$1
conv. pfd.
(accum.—
(quar.)————
i-
(year end)
75c
25c
(quar.,)..——.:
(quar.)———'ft.—35c
Standard
12-15
45c
1
6
12-30
1-15
Malleable &
National
12-15
$1 ft
12-
12-
X
2-
National
National
1
1 :ft
12-15
'
National
a
1-
12-
12V2c
'•
common
(irreg.)—
.ft..—.—...—ft...—
Funding Corp., class A (quar.).—.
1?-
Sift
12-15
Box,
11-27
1
(year-end —
Hooker
B
25c
>
(irregular)
12- 8
1-
12-31
1-15
Products....
Folding
Common,
1
Sift
1-15
11-23-
12-20
(quar.)..—_ft—50c
32-15
$3
U-24
6
25c
Extra
11-22
12-
12-17
37y2c
common
ft;——
A
1
12-
50c
20c
25c
75c
Class
12-15
^
Inc., 6ft pfd. (quar.)
Register, com. (year end)__
Extra
National
11-30
1
12-
$1%.
(extra)
Plantation
ft $lVa
.—ft—...—ft;
'
11-20
11-26
(quar.)
City Lines,
National
11-30
80C
Mfg. Co., class A (quar.)
Honolulu
1
12-'3
System,
'NaJional
12-1
11-20
,12-
*
11-17
1
50c
'*
(year-end).
.
\
common—
Voehringer
Murray Corp. of America (irregular)
Muskegon Piston Ring (year-end)..-..—...
■
1
12-
...
Mock, Judson
11-30
68ftc
1-
12-
Utilities, common..—.,
25c
5.ft preferred
(quar.),,$1)4
1
1
12-20
12-15
Missouri
:
•
1
11-17
1
X-
1+ 3
$1%
1- 3
6
12-15
11-26,
3
12-
12-15
12-10
12-1
12-
12ftc
12-1
$l3/a'
(quar.)
12-15
12ftc
J1-30
$1
com.
12-10
-
11-30
12-11
12-15
35c
ft..
...
12-20
50C
60c
12-11
5c
preferred B (quar.)„..__.S1V2
7ft preferred A (quar.).$1%
3
1
12-1
25c
conv.
6'v
11-20
50c
; 10c
•"
.....
—
pref. (accum,).
Minneapolis Brewing (year-end)—.........
Mississippi Power, $6 preferred (quar.)
Corp,, $2
Mississippi Valley Public Service,
$25c
'
'
12-
';.;x- 3.',;
.
Sift
Indiana Steel Products, 6ft
1-
12- I
12-1
1
11-26
Sift
$1%, ft
$1%.
12-
12-13
$24.70
Meyer (H, H.) Packing,
pfd. (quar.)..;
Michigan Consolidated Gas,; 6ft pfd. (quar,),
Mickelberry's Food Products )s-a)
1-1
11-22
1
12-15
12-10
-t$lft
11-22
12-
3
60c
$3
6
Sift
1-
12+28
Sift
1
6
1
12-8
12-
12-
12-
12-15
20c
12-31
12-
$2
12-10
12J/2c
..ft...
$15c
40c
12-1
11-15"
(initial)..
Refrigeration,
■■
Oil
Class
12-
12-10
11-30
Messer
5
12-12
30c
2c
11-24
11-
12-11
1
.11-1
1
11-5
12-18
12-
11-30
11-25
12-
11-15
12-20
12-10
12-15
25c
Petroleum
<
Motor
11-18
42V2c
(quar.).
Merchants
11-15
12-24
30c
Mines.
Sift
Hayes Industries, Inc. (irregular) __1—
/,
Heileman (G.) Brewing (increased—
—'
Hobart
10-23
12-1,
Merchants
35c
preferred
12-15
10-28
12-22
Sift
Co., common
(quar.)_u..
10-27
12-31
U-30
35c
(accum.)
11- 6
25c
3
56ftc
(year-end —
1
1-
11-12
preferred
Lake
12-.1
12-15
15c
11-26
pfd.
Red
1-
$1%
12-14
Sift
$6
1
12-15
$iy2
f$lVa
■
(accum.)
12-14
;___
10c
1
preferred
1
Haverty Furniture, common
$1V2 preferred (quar.
.
3
t$2
7ft
1
1
interest
3
12-
$1V4
...
12-
SI
—.
—
preferred
12-15
12-
3;
12+
1*
50c
Mfg. (quar.).^.——.._......^....—.
Marven's, Ltd., 6ft preferred (quar.).
Mayer (Oscar) & Co
McCahan Sugar Refining & Molasses—
12-15
32-15
12-
1
50c
Marion Reserve Power, $5 preferred
<quar.)„ v
12-
$4
—
(year end)_
Chicago Towel Co.,
1
1
•
12-10
25c
—
'
of America (year end)
Storage (quar.)_—
Mfg.
1-
12-6
12-15
12-15
Extra
11-20
1-
11-30
12-15
$3V2
.
20C
Hathaway Bakeries. $7
3
12-28
f$2
'
Chicago Mill & Lumber
7(..
11-15
1
tlOc
(quar.)—-—
Extra
Chesbrough
11-29
'
11-30
12-15
$1V4
(accum.)......
preferred (quar.)
;
Consolidated Mfg. (quar.)
12-15
75c
Co.
Corp.
1-10
11-20
25o
.
conv.
12-15
40c
I.)
Catalin
Extra
2
11-27
12-
11-12
;
——
—
Tel.
12-
12- 7
50c
Capital City Products (quar.)_—
Carborundum
12-15
1.2-28
Canadian Cottons, common (increased quar.)
I+Slft
6ft preferred (quar,)_
;.——i$lVa
Canadian General Electric Ltd.
Co.,
Hein-Werner
(interim)
Mortgage
Power
Hanley (James)
1
50c
———
Campbell Wyant & Cannon Fdy.
Crushed Stone
12-
Ltd,—
—
Canada
1-25
11-27
12-10
12-15
(irregular)i_._........
Mapes
25c
Power,
Co.
Mangel Stores Corp., $5 pfd.
ftft--—--ft—
common
C.)
12-15
75c
ft—■;
(R.
11-23
25c
Ore
beneficial
Gulf
5 3/lOc
——-
-
(Holding)
Co.
'
Mahon
Extra
preferred (quar.)
preferred (quar.)ftft—ft
Hale Brothers Stores
11-26
50c
——
of
Mountain
12-10
50c
-.
preference
California
20c
5c
.
& Wireless
5ftft
12-10
75c
(irreg.)-—-——
(quar.)--—-—————
Extra
Butler
"
11-23
v
.....
(interim)—......
11-22
.
(quar.)
11-15
3
12-10
40c
—
Co.
1-
10c
12-15
Paper
12-15
.
Corp.
(special)--—
(year-end)———
Brown-McLaren Mfg.
Bullard Company
11-26
SI ft
Ctfs.
12-13
&
12-14
ft———ft-ft-ft. '•
Northern Iron
Green
11-18
1.2-23
1
Sift
(quar.)—
preferred
Great
11-30
Sift
ft
—
11-17
Magma Copper Co
ft.25c
Magnavox Co., 5ft non-cum. pfd. (resumed)
25c
Magnin (I.) Co. (quar.)
;
15c
Sift
;
12-16
Madson Red Lake Gold Mines—
(year-end)-——
Co. (quar.)——
Co.,
%5c
12-10
12-
Rubber
(quar.)
F.)
11-13
MacLaren
—_——ftft-ft,
Great Atlantic & Pacific Tea
Co.,
11-10
12-27
(B.
11-30
11-19
Indemnity (San Fran.) (quar.)
preferred
11-30
11-29
425c
1
Development
Goodrich
11-30
12-10
3
Sift
(irregular)
-—ft'
Advertising, 6ft pfd. (quar.)
$4 partic. class A
(accum.———.—ft
General Reinsurance
Corp. (N. Y.) (quar.)Georgia Power, $5 preferred (quar.)'ft. —
$6 preferred
(quar.)^
——————
Gillette Safety
Razor, common (year end)_
11-24
Sift
(quar.)—.
Hills
.
11-22
12-15
1-
__v.ft,
Mills (year end)
1
12-15
$2
(S-a).
end)....
Sift
<quar.
(accum.)_
12-
4c
10c
20c
Co.
37 %C
(quar. ftft ft
—
11-24
11-29
12-
Power
11-27
12-1*
Mack
(year
11-30
12-11
''
11-30'
12-10
11-19
Trucks
11-30
12-13
12-24
1
12-10
12-1
12-15
12-
,
■
12-15
$2
:
Louisville Provision Co., 8ft
partic. pfd. (s-a)
25c
General Outdoor
11-20
11-24
(quar.)—
'
9
Louisville Title Mortgage
Extra
*
12-10
10c
(year end)
9
12-10
11-15
1
1-
50c
Exploration...—
$2
5ft
11-30
12-1
12- 1
87ftc
(qukr,);—40°
comtnoh
preferred
Black
12-15
Sift
Gas, S3 ft; prior pfd.
&
Nashville RR.
62ftc
General
Birmingham
&
62 V2C
Gatineau
12- 1
Land
Louisville
50c
—
11-17
Corp,
Louisiana
11-29
25c
10-
<quar.)_„_.
(accum.)
$3ft
11-24
(quar,)———v——15c y. 12-15
Benton Harbor Malleable Industries—
'
AmeV!;*'7ft 1st pfd.
11-27
11-29
12-10
75c
12-15
Radio
12-10
12-10
12-24
11-26
1-...
37V2c'
Marion
Equipment
Gallagher Drug,
7ft
participating
;
1
12-I8
12-10
—37V2ci!
(quar.)_.—__
75c
1- 3
Belmont
preferred
1
12-4
12-10
$134.
10-
ftftftftft
Utilities———
Brewing
(quar,)...
12-
1-..1
12-18
15c
10-20
i
(quar.)
Extra
pfd.
12-10
12-15
'ft; 100ft
10-20
;ft_ftft_ftftft—ftft!';
Co.,
(quar.)..
Lion Oil Refining
(quar.)—_
Locomotive Firebox Co. (special)
$5
—L'fi----—$1
Bearing Co. of
12-10
6c
—
Bath Iron Works
12-\1
'
;
11-23
'
12-15
50c
11-29
—1
_
;
Co..;
12-10
2
1-
Corp. (Wash., D. C.), com..
25c.y;42-13
preferred (quar.)—^.—87VaC .ft'12-13
prior
partic.
60c
1-1
(accum.)
H.)
11-29
12-23
$1
.
ft
12-10
(W.
7%
6ft
:
:
50c
preferred
3
75c
Sift
5ft
12-
11-20
50c
:
Power Co., common
(quar.)
preferred (quar.)
^
5'/aft' preferred (quar.)
——■!
Gaylord Container Corp., com. (quar.)—
ft Extra
;
ift
5Vs %
preferred quar.)
Barber
11-30
1- 3
Service
12-10
25C
(quar.)
com.
class A—
&
11-26
.
dividend
11-24
'
*
$7
(accum.)——ft—..ft-
Fulton Bag & Cotton
11-20
50c
(year end)—10c
Bancroft (J.) & Sons, 7ft pfd. (accum.)__T
$5
Bangor & Aroostook RR., 5ft pfd. (accum.)
81 Vi
Aviation
12-24
<-,ip<u
25c
(accum..)
&
Tire
12-10
12-30
12-15
—
Associates—
stock
Firemen's Fund
Atlantic Coast Line
,
4'ftft' $2 '
12+18
?.8c
Casualty Insurance (Tenn.)
Stock
'
'
•
:,
Life &
3
(year-end—^Oc
Liggett & Myers Tobacco, 7ft
Lily-Tulip Cup
Metallurgical (year-end)
Mining & Smelting (reduced)
11-26
11-26
Atlantic Coast
4*
6
—
12-21
(quar.)-
1
3
12-13
Fansteel
11-20
l-
6ft preferred (quar,$iy2
Company (irregular).
ft—.....;
'
20c
Libby-Owens-Ford Glass (year-endI
75c
1-
& Gregg (quar.
•„
Engine & Airplane'Corp. (initial)Fanny Farmer Candy Shops (quar.) ———
11-15
12-1
12-3
KopperS Co.,
12-
""rft—;
Coe
12-21
(accum.)
12-
—ft-
preferred, series 1941
$1.54
preferred
Associates Investment, common
12-15
pfd. (accum.)
conv.
(quar.)
preferred
.$3 non-cum.
32-15
25c
25c
LeRoi
15c
ift—
quar.)—ft-
Corp.
(year-end) ft—
preferred
.—$1.32
$6
(accum.)—
$10
1
1
,,
U-30
12-15
6ft-preferred tquar,)
—ft...$1V;J
Kingston Products (year-end)
10c
11-24
12-
12-i4
1-3
50 c
25c
Fairchild
10c
;_
12-
12-10
12-10
12-15
1
12-15
Extra
11-10
Capwell Co., common (quar.)
4V2ft
preferred (quar.)—
English Electric Co. of Canada—
12-15
12-15
(liquidating).,-...:- ft
-
12-3
$1%
(interim)........
12-
Emporium
3
—..r
Fund
1
1.
12-3
25c
Mines
12-15
(quar.)._—ftftft^ftft•;
Co.
Derrick
1-
11*29
11-24
Kimberly-Clark' (quar.—ft
6
—
de Nemours & Co.—
partic.
1- 3
(quar.)
Insurance
1212-
Gold
11-26
.
Associated
12-20
^—ftft.—_ft—:
Chemicals,
Natural Gas
(quar.)___—
com.
1
12-15
$1
Kerr-Addison
25c
year-end)
Household
SI\k
u
Refining,
12-
Co.
50c
7ft preferred (quar.)-————
.^Empire Power Corp.—
ll-SO*
12-15
1
12-15
....
Keystone Steel and Wire Co.
12-10
ftft—ft—ft—v.
1st preferred
$ls/4
.
preferred
1-15
12-10
15c
(year-end).../
(quar.
&
El
$2
Artloom Corp. (extra)
Asbestos Corp., Ltd; (quar.)..~4..44..^.;+c4.'
Ashland Oil
6
12-: 3*.
$2V4
(accum.)—
Anheuser-Bush, Inc.
$7
12-
Land
-;-ft.
Electrographic Corp., 7ft preferred (ciuarft—
El Paso Electric, 6ft
preferred (quar.)
$1
Woolen,! 7ft.
Arkansas
6ft
12-11
.1- 3
Sl'A
Sugar Refining. 7ft pfd. <quar.)_,
Surety (N. Y.) (s-ai
American Telephone & Telegraph (quar.)„'„..
1
Edison Brothers
6
12-
S—
common
12-15
Massachusetts Street Ry.—
12-10
;;$lft
.
—
Co.
prior
Eastern
12-17
1
12-15
$iya
11-15
Sift
;
(annual).——ft—ft—ft,——
preferred
4 % ft
12-30
American
American
6ft
25c
;■
ft'
(irregular)
Car
Gas & Fuel
2.0c
\
A
Dwight Mfg.
12-15
12-
1
37VaC
12-"t
$3
(year-end) '-ft— —ft-ftft:
preferred (quar.)__—
10c
:
3
35c
(year-end)_—'
Corp.-
I.)
(E.
Eastern
:
1
6
1.
1.1
—...——:
County
12* 3
1-
20c
......
—
Brook
Mfg.
preference
$4V2
12-1
12-
50c
(quar.)
12-27 "
62%c
Common
11-17
12-14
1-
Kern
12-17
$1
(quar.)
Company,
Common
12-15
20c
Die
75c
,
Co
Co.
American Service,
$3
& Foundry
11-27
3
$lft
(year-end)
Co.-__
Plastics &
6ft
12-20
4
1
$iy4
common
"
1-18
12-10
i-
$iy4
Kaufmann Department Stores—
5% conv. preference (quar.)
12-15
2-1
12-24
75c
—
sJClay"Mfg.—
(W
class
duPont
■
75c
B
11-22
$3
25c
non-cum.
Durez
'.ft 4 4ft
75c
Hide &
American
11-29
ft'•
.
12-
3
1-
$1
.;
,
(year-end)—
Casting (interim)—.,
Doyle Machine & Tool (quar.).—
Driver-Harris Co.
.;ft:>™.^.'
12- 2'-'."ft.444
7c
—
(year-end)—-—.—
(quar.)_—ft—_
(Del,)
Electric
Motor
Dobecltnum
\
.VV,.-.:
;
(final)
T
Doehler
r'
-ft
—
preferred
12-13
the
of
held.
American
$5
'..
-
1-
$iy»
(quar.)—C—:
Bound
Mill
11-30
6
$—
preferred
'
11-30
12-
common
Drug Co.,
Kellogg
(quar.).
Rendering
A.i
&
"1-1
90c
preferred
.:
Dictaphone Corp., common (year-end)—
8ft
preferred (quar.) ———ftft„—^ftft
Dixie Cup Co., $2V2 class A (quar.)
1
12-15
12-31
American Colortype (N. J.), com. (year-end)
5ft preferred (annual).—
American
$1
11-30
30c
...UU
;
6%
11-16
$1
,
(quar.).;
(L.
12-15
75c
1—
conv.
Dickey
JH-16
$1%
_
preferred
preferred C
$$3
12-10
12-20
$1%
(quar.)
preferred
11-24
'11-24
$t06V« ''
—
Manufacturing Co.
City Power & Light—
$4.50
—1^——
(quar.)
preferred B
Dempster
12-20
...
/'
8ft
Diamond
12-22
Extra
preferred
$6
Detroit Steel
„
Bemberg Corp., 7% pfd. (s-aU_-_
$3 %,•••.
1-1
Business Shares (irregular6c
12-1
Extra
U
4c
12- 1
American Central Mfg. (year-end20c
12-15
American Cigarette & Cigar, common..^.—
Sl'ft
12-15
American
6ft
6ft
25C
11-29
American
....
11-23
Katz
11-10
12-7
(accum.
11-30
1
Derby Gas & Electric, $4
11-22
11-15
$2
V
30C
11-24—
12-11
12-11
25c
(quar.)—.
(quar.——.......ft
Joslyn Mfg. & Supply,
1
Jay Stores
Deisel-Wemmer-Gilbert
11-26
$1
pfd. (accum.)
11-23
12-
Dayton Malleable Iron
12-15
common
Laughlin Steel, common..—..—.
preferred A (quar.—
12-
De
12-15
1-3
50c
•
conv.
11-30
12-11
$1%
$lVa "
...
$1%
,
$1%
(accum.)
(accum.—
&
12-15
Delaware
1-
25c
Air-Way Electric Appliance (year-end)10c
Alloy Cast Steel Co
5ft preferred B
(accum.)
'
(accum-.—
ctfs.
ctfs.
7ft preferred (quar—^
12-15
Darling
12-10
.
75c
Amalgamated Leather, 6%
5ft
11-26
preferredCutler-Hammer (year-end)
'•
;
11-26
12-15
12-15
75c
5ft
12-31
'
12-15
Sift
Crucible Steel Co. of Amey., com.
12-17
'
75c
1,—
Steel Corp. (year-endft—ft—
Copperweld Steel Co., common—•,
.ft;—
5ft preferred (quar.)—
;—\
12-10
1-3
3c
Extra
Jones
(year-end)—ft;*
Continental
of Reo,
12-23
Qi'iarterly
'
Payable
20c
; -Extra
Agricultural Insurance (Watertown, N. Y.I-+-
12-15
12-15
25C
-
Holders
37l/2c
ft-.'
12-28
12-28
Joy
Cornell-Dubilier
When
share
;
12-28
11-30*
50c
Inc.,
$1%
of Rec.
12-15
$1%;
Kansas
Consolidated
12-6
Co.,
$lft
$lVa
1
4ft ft
11-12
50c
(quar.)U.....:.--:-.-..-.:
Tea
arrear
arrear
Holder»
Payable
—
4!4ft preferred (quar,———
Johns-Mansville, common (year-end)
11-12
Common
11-9
Sift;
Mfg.; class B (year-end)—
Jewel
1
12-
12-
12-14
11-20
Per
■'
'
—
——
partic. preferred (s-a)-_——
Connecticut, Light & Power (year-end ——
Consol. Gas Elec. Light & Power (Bait.)—
Industrial and Miscellaneous Companies
Aero Supply
$1% Class
12-15
11-18
Continental Oil Co.
.1
40c
preferred div.
preferred div.
Machine Co
12-15
"-wv
3
$1
(Chicago)..——
6ft
Jaeger
75C
v
(St.
(irregular)
Terminal Nat'l Bank
6'/aft
8-15
Confederation Amusements—
1
$2
.
(s-aU-_—
&'Trust
Savings
5-15
25c
11-30
12-10
12- 8
50c
Louis)---'!—
(St.
Extra
Security
12-15
(Montreal) .(quar.) 14.V-t$l
Safety:. Bank & Trust, .'.i...——
2-15
,
$lft 12-1-44 11-15-44
Bottling (Chicago) (year end)—„
Baking, common
$1 participating preferred (quar.)
Participating
of Rec.
12-15
40c
$2ft.
Mid-City Bank & Trust (Pa.)—..I———
National
Payable
75c
(quar.)
Louis) .(irreg.)
1
America-—
—
When
share
Company
of Central
5ft preferred (accum.)
Iowa Southern Utilities Co.—
7ft preferred div. arrear ctfs.
7
Columbia
noiaen
wnen
snare
(San Fran.)
Trust
&
1
International Rys.
Coca-Cola
Per
American Trust Co.
12-
1
69-
Name of
11-22
Co.—
Cleveland-Cliffs Iron, $5 preferred
Cliffs Corporation (irregular)—
Companies
3-
Per
of Reo.
12-18
$1 ft
—
The dividends announced this week are:
Holders
1
$lft
•
preferred (quar.)
$6 preferred (quar.)
,$7 preferred (quar.)
blark Equipment, common
5ft preferred (quar.)—
Investment News Department" in the week when
declared.
Cass
Service Power & Light
Cities
©nd
Name oj company
12-
$1U
5ft
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
Trust
ft,' $1
5ft
show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
and
Payable
5ft
we
Bank
When
share
>
$4>
second table in
a
Company
Churngold Corp. (year-end)————,
Cincinnati New OH. & Texas Pacific Ry.—
2081
11-24
7ft
Gas
Electric;
&
Orpheum
Pacific
Paramount
7ft
—;
———
(&uar.)._..........
Inc.
Pictures,
Parker, Rust
$1
(quar;)
—
Mills
Page-Hersey Tubes
.
pfd.
6ft
(qu^.0Ll...—
.Building, Cft'
V-—
preferred
Proof
Co.,
Penn Electric
Common
common
(quar.)...
Pet
Milk
4ftft
Pfizer
—
dividend
Stock
Co.,
Extra
(quar.)
.....
12-14
12-15
12-
11-26 4
;
12- 1
12-
1
1
11-20
12-15
11-30
25c
12-29
12-10
12-
1
11-19
12-20
12-10
50c
■
1ft
25c.
-
12-20
12-21
12-10
12-
1
{
$1.0614
—
(year-end).
——
ft.
1-
1
12-11
35c
& Co
Philadelphia Bourse
11-26
1
$iy2
........
preferred (quar.)—.
(Charles)
1
30c
.
—
...
common
12.12-
50c
Peoples Water & Gas, $6 preferred (quar.)..
Pepsi-Cola Co.
12-15
12-10
$iy2
(irreg.)—
(irregular)...—
Peoples Drug Stores
J
2
1-
75c
——-——-
—
Salt Mfg.,
11-30
12- 1
12-
.
35c
common.^^..
Switch Co., class A
(resumed)
11-30
12-29
$$1)4
40c
Ford, Ltd—--ji-i—
Pennsylvania
31-10"
1
37%c
.
(Increased quar.).
preferred (s-a)———.......
Penick &
12-
12-
6
il-22
25c
.12-
6
11-22
12-10
12-1
$1
THE COMMERCIAL & FINANCIAL CHRONICLE
2082
I
PC
$6 preferred (quar.)—-.'——'
Philadelphia Electric Co., common
(quar.i
Quarterly
Oil Co.
•
Ogdeusburg RR., guaranteed
East
Insurance
(quar.)_.
10-15
Western Real
11-23
12-27
12-15
12-21
11-26
1-15
preferred
11-29
7(4
12-20
1
12-10
12-15
81
12-15
*$1
1-2
•.
11-30
4V2 /4
12-15
Co,
Extra '
—'
;
.
■/
11-19
30c
30c
(Phila.)
11-19
30c
„
12-15 \
12-15
12-15
11-19
12-
12-20
Risdon
11-15
Mfg.,
(irregular)
cojpmon
(year-endi
1-
12-
82
&
Coal
Coke
12-
dends
12-
1 i
11-19
12-
1;
11-15
12-20
1
12-15
I
12-15
'
12-15
11-29
Roos
12-20
$7
this
(quar.)/
50c
preceding table,
convertible
32c.
Mfg.
partic. preferred
1
1-
1
12-15
$2(4
1
12-3
1-1
12-15
12-
3
35c
12-10
12-
1
12-15
11-30
12-
12-
8c
_
Name of Company
1
10c
12-10
12-10
12-
1
Safety Car Heating &. Lighting. (quar.)$1
12-23
12-
4
■Extra, _____$1>4
12-23
Ryan Consolidated Petroleum -(s-a)
St.
Croix Paper Co.,
6(4 preferred (s-a).. —„
Corp., 4(4 iconv. pfd. A (accum.)
St. Lawrence
St. Regis Paper, 7%
Schii'f Co., common
preferred "(accum.)——
(quar.)_,__.^_
' Extra
,
5(4%
/.
Scott
—Lf——
preferred
(quar.)
$2%
Co.
(quar.)
Black Rock Bank & Trust
2-1
I-20
12-15
11-30
1
32-15
1-
1
12-15
1-
1
12-15
12-21
60c
12-21
12-
5c
12-11
Silex
—-
'25c
12-10
50c
12-8
12-10
Simms Petroleum Co,
(liquidating)
Simpson's Ltd., 6%% preferred, (accum.)—
$6 preferred (accum.)—
81.35
,
$$3
.
Skol Co..
Soule
Mill
South
Carolina Power,
—
$2 conv.
0(4
11-15
3
50c
II-30
preferred (quar.).
81 »i>
preferred (quar.)
—$1:,4
Pacific Co, (year-end)
81
7(4
Southern Pipe Lin'e Co.
Southland Royalty Co.
Southwest
Natural
(year-end)
50c
(increased).,—i—.4
Gas,
$6 pfd.
Soverign Investors
Staley (A. E.) Mfg., common
$5 preferred (quar.)
A
&
$5
preferred
pfd.
12-20
12-15
$1(4
$1(4
——.—_4-:;
30c
■■■
1-
12-10
1
12-10
12-15
11-27
1-
11-27
12-15
Swift
&
(quar.)"
Co.
30c
1
12-
1
12-20
12-
9
—————25c
Extra
12-20
12-
9
50c
12-30
12-15
35c
12-30
12-15
.
Tacony-Palmyra Bridge, common
Class
A
(year end)
preferred
Talcott
;
;
(quar.)
$1(4
Extra
Inc. (year-end)
Telephone Bond & Share—
Texon
preferred
Oil &
Texas &
Time,
(accum.
Class
B
(year-end)__
——
7(4
12-15
11-26
12-
Oil
$1
12-10
12-
12-
1
1
11-20
$4
25c
$1%
12-
3
11-24.
1
1-
1
12-17
known
preferred
SI.50
conv.
preferred
(quar.)
(quar.)
City Fire Insurance (Minn.)
Twin
Disc
United-Carr
Fastener
(year-end)—
United
Elastic Corp. quar.)—,
Gold Equities of Canada
(irreg.)
Illuminating Co..
U. S. Bobbin & Shuttle, 7(4
pfd, (accum.)
U. S. Freight Co.„,
U. S. Potash, 6(4
preferred (quar.)—
—
Products
Co.
-
Van Dorn
(year-end)—.,
Ware
32-
12-10
11-30
River
11-30
12-10
11-20
12-30
12-15
12-27
12-
$7
12-10
11-10
12-
7
12-15
7
11-26
12-
1
12-
2
80c
(quar.)——
Works
Pump Co.
Aircraft
12-10
1
11-10
10-15
10- 5
$1%
12-15
12-
1
10C
11-30
11-20
50c
12-
11-20
$1%
12-
1
—
1
11-20
(Del.)
(year end)—
-
50c
12-10
50c
12-15
12-
1
gtd.
(quar.)
(s-a)
75c
12-15
12-
1
30C
Co.
Trust
Co.
Atchison
12-24
12-
4
62(2c
10-
i
9-20
$3>/2
1-
5
12-31
8
12-
1
31-15
12-
11-15
11-15
--4-
12-
12-
11-12
$1.50
12-
11-12
.$1.75
12-
11-12
-
5(&
pfd.
(s-a)—$2%
12-10
Atlantic Gulf & West Indies, com. (year-end)
5(4
non-cum.
preferred^_>„__.
Atlantic Rayon Corp., common.
12-15
1212-
1
11-26
Special/ —4^—-———4—j—:
20c
6(4 preferred fquar.V——75c
Atlas Powder Co, (year-end)
$1
Atlas Tack Corp., (irregular)——J_i———40c
Auto Ordnance Corp.
(In'egular;__________
30c
12-1
11-15
12-10
11-30
11-30
11-15'.
Aunor
40c
;
12-
j
' 12-15
12-15
12-20
12-15
12-15
11-30
>
Gold
Mines Ltd,
(quar.)__
:-:5c
:
Austin, Nichols & Co., prior A (accum.)
12-14
12-10
12- l
11-15
Autocar Co.
12-
11-15
Avondale
1 ;
$1(4
50c
Mills, cofcimon—_ // ,\/. 7c
7c
$1.13
12-31
12-24
Bangor Hydro-Electric, 7% pfd. (quar.)
6(4 preferred (quai\)—/
Baltimore Radio Show Inc., common__—
6(4 preferred
(quar.)
$1
1-3-44
12-24
Barber-Ellis of Canada,
40c
$1(4
/
40c
1-3-44 12-18
12-26
12-31
12-25
12-21
12-24
Barlow &
Barnsdall
12-11
Extra
$1(4
1-1-44
12-28
Bastian-BIessing
$2
$$1(4
12-31
12-31
Bathurst Power &
12-
1
11-15
25c
12-'30
12-24
■
:
Quarterly
—
—
Ltd,
Extra
S.
11-22
11-20
Brummel Ties
$1(4
:
12-10
12-10
12-
12-
1
11-15
1
11-15
12-15
11-30
12-
1
11-12
15c(
12-
8'
11-15
12-
8
Beech-Nut
Packing Co.
,
;'' 37(4c
(quar.),
3-31
7-1-44
6-30
Belden
10-2-44
9-30
12-20
Belding-Corticelli Ltd., common
7(4 preferred (quar.)
12-31
Bell
SI
—
Year-end
Steel Co.
Extra
Advance
Aluminum
Aeronautical
4—
%
stock
Allied
Mills
Special
Class
A
—
Castings.^—
i
Aircraft
$$1
(quar.)——
11-30
12-
1
11-20
25c
11-24
75c
1-1
12-22
1- 3
12-20
dividend
(one
share
for
each
10
——
preferred (quar.)_—
$1(4
/
Bethlehem Steel Corp., common———
7(4 preferred (quar.)——-
(quar.)—
1
11-20
12-
1
11-20
12-
1
11-20
Blue Ridge Corp.,
-
~—,
20c
12-
1
11-25
12-
1
11-
1
,
common
.
Units of beneficial
interest
11-20
$1(4
12-29
12-18
Borg-Warner Corp.
Boston & Albany RR
95c
Sl3^
12-22
12-
Boston Woven Hose & Rubber Co.
1
1
11-15
Boyertown
11-10
Brandon
12-
1
11-15
Class
A
50c
12-
1
11-10
Class
A
12-27
12-11
12-27
12-11
1- 2
12-22
11-29*
12-21
12-
12-11
1
Burial
Corp.,
Casket
7%
Co.
preferred
1
11-13
1
11-13
1-
1
50c
1'2-14
•
25c
$3%
—
$1(4
12-31
11-30-
11-26
11-15
12-
1
11-20
1-
1
12-24
12-31
(quar.)__—_
(s-a)_——
12-24
3-31
3-24
Brazilian Traction Light & Power—
$81
50c
50c
(interim)
Ordinary
Brewing Corp, of Amer (quar.)—
Bristol-Myers Co. (interim)
Broekway
Motor
Co
12-
1
10-14
12-10
11-24
12-
11-15
11-29
11-19.
25c
—
1
37(4c
.-—4
11-29
11-19
$1.75
11-30
11-
11-10
l$2
12- 6
^-$2
12- 6
$W4——12- 1
11-10
Brooklyn Edison Co., Inc. (quar.)
11,- 5
Brooklyn Telegraph & Messenger
12-15
11-30
Brown
15c
12-
12-
40o
$2.25.
i
(quar,)—
(accum.)
50c
.
(accum.)
50c
1
$2
—
11-26
12-
11-13
40c
(s-a)——
Extra
1
12"
1
Bond Investment. Trust of America—
11-20
$5
12-
12-
stock or 75c in cash—
12-1
$1.50
12-15
$3 conv. pfd: (quar.)—
Extra
Special
6% pfd. (quar.) (payable 111 U. S. funds)-
3
12-
11-20
25c
Aluminium, Ltd,, common (quar.)
12-
11-30
43-%C
—
8
3
—
a'a share of
12-18
1-
11-15
5
11-13
11-
1- 3
12-
11-17
1
11-30
12-10
2
12-
12-10
20c
12-
$1%
$l3i
Bigelow-Sanford Carpet, common__—
50c
6(4 preferred (quar.)—-/,—/
$1(4
Bird & Son, 5(4 preferred (quar.)———$1(4
Birmingham Water Works, 6(4 pfd. (quar.)
$1(4
$1
(quar.)
-
Inc,
11-30
1-3
$5 conv. preferred
(quar,)———
Bessemer Limestone & Cement, common
1-3-44
Stock
15c
-
Industries
1-3
,$$1.75'
:
Corp,—
20c
Inc
Alpha Portland Cement
Aluminum
6
11-20
11-17
15c
./
(year-end)
12-
11-30
1214c
—
Co
Mfg.
2
12-15
37(4c
-
$$1%
—_
(quar.)_
Allis-Chalmers
1-
$1
Manufacturing Co.
11-26
Companies
—-.—.
—
Corp., common
11-15
11-20
11-16
—
Allied Products
1
1
12-15
12-11
Allegheny Ludlum Steel, common (year end)
l'/o preferred (quar.)—
Laboratories
11-15
12-
12-
1-3-44
35c
•.
Finance
11-18
12-1
12-6
11-16
Mills
Allied
12-15
12-15
3
Berkshire Fine Spinning Association:—
$7 preferred (quar.)——————Sl34
12-11
Alabama Water Service Co., $6 pfd, (quar.)_
Alaska Packers Assn. (year end)——
Alberts Super Markets, 6rU pfd. (quar.)
Allied
3
3
I-
12-
.' shares now outstanding)—,10%
Berghoff Brewing Corp.-25c
75c
Products
dividend
12-15
12-21
75c
—
Airplane & Marine Instrument-:—;
50
"1- 3
12-10
—
Agnew-Surpass Shoe Stores, 7rfo pfd. (quar.)
Alabama
10-29
Jr
12-22
——50c
—
11-15
12J
12-31
1(4%
Miscellaneous
(quar.)——
11-15
11-30
12-31
6%
Acme
15c
——37(4c
12-31
.
(Portland, Ore.) (quar.)—
Bank (New Orleans) (quar.)
and
125c"
( year end
1-3-44
12-10
3
40c
(quar.)_
11-13
11-15
1
20c
—
Nat'l Bank
Industrial
common
preferred
11-27
12-23
30c
:—
(year end).
8
12-
5c
class A (quar.)—
4-1-44
$2
Whitney Nat'l
Beau
11-12
11-
11-12'
3
Brothers, class A (increased) ——,
$37 (4c
Class B (initial)—
—iia'ec
Vk- 2nd preferred (s-a)---—^—, $$3(4r
10-30
12-28
Paper;
1
11-26
15c
(year-end)——
Co,,
11-24
11-22' ;
40c'
(N. Y.) (stock dividend)
l/15th share for each share held——
(Youngstown, O.)
11-22
12-15
1-
—__,'.''20c.
$2.50
Trade Bank & Trust
Union Natl, Bank
12-15
1-
$12(4c.
Seelig, $1.20 class A (quar.)..—
Oil Co.
(quar.)
—
$2.50
.
/
(s-a)—
———
—
—
1-15
$l3i
(quar.)
$2.50 12-21-44
—
_»/.-
(Lewes, Del.)
1
,1- 3
12*
-
Beaunit Mills,
$2.50
———
$2.50
^4—$2.50
——_———
Sussex Trust
.
Bank
.
—
Quarterly
Quarterly
t$I(4
(quar.)—.—40c
National
.Commercial
1
2rs
$1(4
Beatty
(special)
■
1
12-15
12-10
Atlas Corp.,
12-31
Texas
4
10-29
12-21
12-21
(Houston)
Quarterly
Quarterly
12-
-
11-10"
12-10
12-31
South
1
12-31
12-15
1-3-44
Bank
12-
$2.50 prior preference (quar.)————.——.
62(4c
Atlantic Refining Co.i—„25c
$8
National
12-21
11-22
15c
,
^—L./ ;
(Chambersburg, Pa.)
11-15
$3
$2(4
Common
Bank
—
Bank
12-
12-21
25c
'Extra
1
10c
,
RR.,
;
■
■
Exchange
11-
12-15
12-
Corp., 75c pfd. (s-aU—37(4cTopeka & Sante Fe Ry, Co
U-i.
81-50
Coast Line
12-1
$1.
si
..
12-31 ;
$2
.
12-10
$l:f4
(irreg.)25c
12-10
i
11-20
$1
(quar.)
Financial
Atlantic
(Montclair,
11-24
~
class A
RR.,
12-14
11-20
$1
Inc.
Walker & Co.,
11-29*
8
25c
preference
Iron
12-14
12-
12-15
$iv2
Co
prior
12-24
30c
25c
—
&
Astor
12-22
12-17
.
National
1
:(5c
Company
Hotel
Veeder-Root,
Waco
11-10
50c
Utility Equities, $5% priority stock (accum.)
Vagabond Coach Mfg.
Valley Mould & Iron, common
Viking
12-
11-20
35c
United
$5.50
12-15
30c
Universal
Bank
12-29
12-17
;
5c
,
common
preferred
1
1-3
25c
' "
2nd
12-
■
11-20
$1%
(interim)—/
common
7(4 preferred (quar.)——,
Associated Dry Goods Corp., com.
6(4 1st preferred (quar.)
7 (4
1
V/V/v..:"
Class B '
Corp.,
12-
75c
(quar.)_^—
(accum.)
,
,
1- 1
prior preferred
11-10
50c
Farms Co., $3 preferred
& Co. (111.)-—
$6 conv.
12-22 1
$2%
70c
-
National
1
$1 '/2
;
United
Upson
12-
$1
——-
(quar.)
Extra
Utah
12-15
75c
.
Underwood Elliott Fisher Co,
United Aircraft Corp
1
12-15
———
(s-a)„_
(quar.)
12-
30c
•.
12-15
$iya
37(/2c
:
Twin
Clutch
$1
12-21
(quar.)—'
common
6%
'/•'""25c
U.
Fox Film Corp.—
(year-end)
prior
.
Quarterly
Twentieth Century
—$3
Mills,
(quar.)
12-17
1-
11-10
12-15
Cotton
Metropolitan Bk. (Wash., D. C.) (extra)
National Security Bank (Chicago) (quar.)—
Pacific Nat'l Bank (Seattle, Wash.) (quai\)
Provincial Bank (Montreal) (quar.)—
Puget Sound Nat'l Bank (Tacoma) (quar.)—
Royal Bank of Canada (quar.)„————
11-26
12-10
1
12-24
U
(quarterly)
National
11-15
•'■ 25c
Co.
$4.50
J.)
1-2-44
40c
(quar.)
Nat'l
11-15
12-
1
12-
12-21
12-24
Pa.)
(Milw.)—,
Quarterly-———,——u-,Mercantile Nat'l Bank (Chicago)
(quar.)_—
Mercantile Nat'l Bank (Dallas) (quarterly) —;
Miners Nat'l Bank of Pottsville, Pa. (quar.)
Munsey Trust Co, (Wash, D. C.) (quar.)——
3
12-10
Jose)
Extra
11-20
50c
(San
Bank (Tamaqua,
——
Nat'l
Marine
11-26
12-10
11-30
25c
Forging
company was formerly
Tubize ChatiJlon Corp.
Common
:
6
25c
Steel
above
as
11-26
$1
Insurance (quar.)—
Rayon Corp., new (initial quar.)
preferred (quar.)___
The
•
25c
(irreg.j—
Travelers
7'ubize
12-15
12-27
.
;
;
Transwestern
12-15
12-15
1
10c
Williams
&
1-
$1.45
Title Insurance Corp. of St. Louis
Todd-Johnson Dry Docks, class A
Transue
2-
(Portland, Ore.) (quar.)
Bank
National
1-2-44
50c
-i——,———i————
Seattle-First
end)
(year
12-27
50c
Land
Pacific Rwy.
Inc.
12-15
68 34c
Technicolor,
1st
12-17
12-27
10c
->
partic. preferred (quar.)—:
1
10c
—
12-
$t
,
X-... 11-24
$1
———25c
Trust (Tulsa, Okla.)
37(40
Fourth Nat'l Bank (Wichita, Kan,)
(quar.)_
$1V4
Harrison Nat'l Bank (N. J.)
fs-a)
$1(4
Homewood Bank (Pittsburgh, Pa.) (irreg,)—:'/
82.25
Industrial National Bank (.Chicago) —
Quarterly
40c
Manufacturers Bank & Trust (St. Louis)—.■
40c
/
(year end)
—
(James) Inc., common (quar.);
5(2(4
7(4
1-
25c
——
Sylvania Electric Products——
5'/a
1
12-10
11-10
11-24
12-
50c-.,.
Quarterly
First
1
12-
1
11-30
11-10
12-26
First Natl, Bk. & Trust Co. (Oklahoma City)—
12-10
75c
(accum.)_
(quar.),
Paper
12-20
81V4
—
5%
N.
11-30
i
Webster, Inc.—
Sutherland
12-
1
1
1
11-19
1
5;
11-30'
12-20"
12-
(quar.)—_/
common
preferred (s-a)-_—
Archer-Daniels-Midland
12-
1-
11-
12-
Artloom
•
Extra
12-22
12-10
end)
—
Stone
Strawbridge & Clothier,
12-15
12-29
10c
12'aC
(s-a)
3
75c
Co.,
12-24
1-1-44
$1
^
—
Quarterly
First
11-26*
20c
—
'
First National Bank
First
11-20
50c
-*
$3
1-
Arcade
12-21
12-24
Nat'l Bank (Palm Beach)—
Extra-
•
'
12-15
(quar..)—75c
Ampco Metal, 6(4 preferred (s-a)
30c
Anglo-Canadian Telephone, class A (quar.)__
|15c
4(4 conv. preferred (quai'.)>,^*—..
Armstrong Rubber, class A—^-2——;
81
11-30
Class B
12-
$lVa
;
11-15
11-13
1
50c
87(4c
Armstrong Cork Co,,
(quar.)—,
3
12-15
50c
.
12-23
First National
11-29*
12-10
/
—
12-20
O )
3
.
12-44
(Cincinnati,
12-
12-
$1
,
■
12-31 V
Bank
Nat'l
Extra
11-20
11-30
$2%
:
(accum.)
(year
11-30
11-15
12-30
11-5
12-22
11-19
1-1-44 :
11-20
Southern
1
12-15
$1
12-15
_
12-
12-
11-15
Monthly
11-30
1-
12-28
20c
82
Monthly
11-20
12-10
10c
$194.
.
Armour
First
11-15
1
$1(4
25c
—
$6 1st pfd, (quar. )__
Southern Advance
Bag & Paper, common
preferred (quar.)—
12-15
11-20
Arden
■
12-
11-20
12-10
10-30
(Jersey City) (quar.)—
First Nat'l Bank (Memphis, Tenn.) (quar.)—
1
$1%
$1(4
preferred
v: 11-10
12-10
12-31
First
11-24
.
Thread, 5'a
:
1
12 -15
—./.-w—-u——/—20c
American Steel Foundries (quar.)—
American Thermos Bottle, pfd. (quar.)—
11-19
ii2f i3
1,
$l3-t
(quai/)-—.
.
1
1-
12-
11-19
First National Bank
12-
.11-19
Sla4
pfd. (quar.)
preferred—
.
1
50c
$1.75
'
.
Rolling Mill
12-
25c
79
Service, flo
Ship Building
:
Smelting & Refining Co.—
Common
{irregular)
3 V 11-15
1
12-15*
$114
12-1'
11-29
^4
Public
12-15*f
12-31
:
(quar.)—
—/.
1-3-44'
11-30
Co.
preferred (quar. )„_
Optical Co.
12-15
12-31
Ltd., common.———25c
$1
II-20
1
Co.,
81 (2
11-27
1.2-
Simmons
Metal
11-15
$1(4
—
12-30 '■
(quar.)_—Sl'A
National Bank (Chicago) (quar.)—
Fidelity-Philadelphia Trust Co. (quar.)
Fifth Third Union Trust Co. (Cinn.) (quar.)
1
12-
50c
1
$1(4
common—;
—
'Extra
11-26
1
National Bank
(quar.i
Drovers
12-15
6
1-
.
Denver
12-15
1
1-
1-
12-
10c
■'
1
(quar.)
Manufacturing Co.,
preferred
American Tobacco
40c
9
1-
preference
10-30
,
11-15
11-13*
11-15
2
1
12-15
11-10
1-
12-
1
1
1-
62 (4c
1-
Year-end
11-15
1-3-44
11-15
11-15
11-15
50c
1
1
12-1
30c
12-
12-
1
40c
30c
11-17
50c
12-
f$1.50
(quar.)—
Louis
11-17
12-15
3
(quar.)^—.-—-^----———
(quar.)
Boatmen's Nat'l Bank of St.
1-20
11-20
1-
(quar.)__
American
(quar.)
(Conn,)
11-19
1
12-15
20c
American
1 '
Central Nat'I Bank (Richmond, Va.) (quar.)
County Trust Co. of Maryland (annual)——
Dallas National Bank (Dallas, Tex/) (quay.)
Co.
(year-end)—
Nationale
12-10
12-
40c
American
;
11-30
1.
2-
$2
Co.
Car.adienne
of Rec
1
,
11-29
_
.
Mfg.
"
,v
12-15
—.—
Extra
Shelter
12-
nine
"12-13
Shepard-Niles Crane & Hoist (year-end)
.
each
12-
Banque
11-30
62c
12Vic
10c
83
30c
,
Co.
(Frank G.)
for
1
12-
American
10-30
1
1- 3 V 12-16
held
11-30
12-15
$1(4..
(quar.) 4
(quar.)
_../'
(year end)
Shamrock Oil & Gas Co., common-./—-;-V—_ :
6(4
preferred (s-a)—
;
•'6(4 conv. preferred (s-a)—\
Slmttuck
/
common
12-15
$1
75c
prior preferred
Shoe
(quar.)
new
11-19
12 (4c
preferred (accum.)..—
American Radiator & Standard Sanitary, com,
l'/o preferred ,,(quai/),^i,„^-/—„_^--/.—-^.;:.,,
12-
(Des Moines) (stock dividend)
of
50c
Inc.—.
Seiberling Rubber, 5(4 class A pfd.
Selby
shares
J$l'/2
f$2Va
$2%
:
(quar,)^„_:_^__^_-__^^
12-10
$1,183i
1%
tioiaert
Payable
45c
$1(4
Co., common (quar.)—.——.—
preferred (quar.)-,-———_.
preferred (quar.)
$4
Toronto
share
One
12-10
2
1-
of
Bank
(quar.)^__^^_4w—^^_w-;~_;
Scotia
"^Bankers Trust
Share
$1%
,—
Paper
$4%
Seeman Brothers,
12-23
12-27
1-
Nova
25c
4--—.
—
__
Bank of
4
12-
3
1-15
$3
425c
$134.
Bank of Montreal
4:.U
•
When
11-25'
$1.50
1.—
American Paper Goods Co.,
c
Per
12-
1
12-
American
Special
c:
Bank and Trust Companies
;
11-12
3
—Yw—u—_
$3 preferred
6'<
'■
1.
2
1-
12-
(quar.)—
common
—
American
,
:.r;;v;;.
12-
$13<
(accum.)$1.75
preferred
5(4
week, these being given in the
VP-"-
75c
1214c
(quar.
75c
The list does not include divi¬
.
12-11
American Home Products (monthly)—20c
American Investment Co. of Illinois, common
15c
5% conv. preferred (quar,)..—62(4c
12-15
$3
■
■
12-11
3
/' /
.
American General Corp., $2 pfd,. (quar.)—
12-15
3
1-
!.'
or
—
Forging & Socket Co.a—v-if--/
American
11-20
50c
(accum.)
Co.
preferred
.Extra
■
Roxborough Co.—
Russell
e
stock
'■:] ,4%% preferred: (quar.)
give the dividends announced in previoui
announced
13(4 shares of class A
common
preference
American
12-10
Brothers
B
Envelope Co., 7% pfd. A (quar.)
American & Foreign Pwr. Co., $6 pfd. (accum.),
12-3
JS
(irregular)—-.:
5'lb
12-3
Sits
.
American
12-10
$l!a
..
(payable in
1-
15c
American Gas & Electric,
$2
1
150
(quar.)
.
1
12-15
1
to each
class
5
11-26
12-
River Raisin Paper, (irregular10c
Robertson (H. H.)
37 (4 c
.
12-16
Slr!4
$1%
-
weeks and not yet paid.
4
11-
6,
we
12-
12-
of the
$2
Below
12-15
Cyanamid Co., class A (quar,)—-/.
American
12-10
1.2-15
12-28.
preferred A
Zeigler
1
1
company's :5?)o preference
stock, in the ratio of one share of pref-
12-16
:
(quar.)
1212-
shares
.
12-16
!
$1%
:
Accumulated (payment clears all arrears)
12-10
1
f
12-28
12-15
1^---50c
American
1
1-1
50c
•
\
preferred
12-28
30c
—
11-19
12-15:
Corp., common———,.—. .25c
prior preferred (quar.)—,—$1(4
;6.(<4 preferred A (quar.)__.______—$1(4
Riley Stoker
/_■_V..'
; 15c
Steel
conv.
-50c
(quar.)
-
12-30
12-15
Extra
11-18
(quar.)$1:,4
Accumulated (payment clears all arrears)
$3(4
.6(4 preferred B (quar. 1
SIVa
12-15
3
1-
$1
30c
preferred :
,• '
Engineering—_
prior
;
$2I-4
•
1
(quar.)-„_„—$1
American Chicle
11-30
l
12-15
12-15
Stock dividend-on class A & B
12-
12-15
12-30
12-15
Class B
12-11
12-30
25c
common
11-15
1-15
50c
50c
Cable,
11-15
1-31
12-
—
Sl'V
erence
t4%(4 conv. prior preferred (quar.)^--7(4
&
(resumed)
&
11-27
$1%
—
Common
11-30
Chain
1
12-
1
12-15
(year end)•*—4——~J-.---—i—-.■■■'
12-1
,
^
12-15
25c
preferred (quar.)„„_„.._
1-12
$1^4
'
Worumbo
12-10
1
(year end)
preferred
(quar.)
5%
1
$l'/2
Woolf Brothers, 7(4 preferred
(quar,)-.-^i_w
Mfg.,: 3%(4 preferred (accum,)
Worthington Pump & Machinery Corp.—
12-1
1-
1-
50c
(s-a)___—:—,
(1897)
Common
11-29
Class B
1
12-15
u-/
American
,
12y2e
-
(Alan) Steel, 7(4 pfd. (accum.)
Newspaper Machinery Corp.-—
12-15
$1
common
:
12-15
8IV2
(quar.)--4—2,---------^>'■ $1.18%
$7 prior preferred (accum.)
Woodward & Lothrop, common
12-15
1-14
75c.,
Si's
(irve-gular)^.^_.;2~~^--
1
1,2-15
$1(4
——w-
Common
6'.,
3
12-
12-17
Power,
11-20
12-23
11-30
Electric
preferred
1
3
2-
(irregular)-—$1
Insurance (St, Louis)-— / i
Extra
1-
12-10
37(2c
—
American-Bakeries, class A (quar.)
8
11-
1-
Automobile
12-
Bankshares——25c
434(4
11-19
(s-a)_,...„
Quarterly
11-20
1
20c
Wisconsin
,
1
12-
Wisconsin
12-
American Arch Co.
American
12-10
3
11-18
11-17
$2
11-24
12-10
11-26
$lVa
■.
11-30
Amerex Holding Corp.
12-15
12-
of Rec.
2
12-31
—
12-10
50c
;
,
11-29
12-
Wood
:
:
■
„—
12-22
Wood
v.—
Timber
11-30
12-15
12-
—•_—
12-
Holders
12-31
12-10
$2
Baumer
3
When
Payable
Manufacturers, common (quar.)—.
50c
1% preferred (quar.)
~/ $194
Amalgamated Electric Corp. (interim)— /
£30c
11-30
1-
Per
share
/ ,'
Name of Company
Aluminum
1
12-13
i'75c
(interim)—.
Ltd.
Candle, 8(4 pfd. (quar.)_._
Sewing Machine (year-end)Willson Products, Inc. (quar,)--—
Wilson & Co., $6 preferred (accum.)—
-4—;
(Birmingham, Ala.)'—
Reliance Insurance
&
Products,
Wilicox & Gibbs
11-29
(Canada)
Non-cumulative
6'4
Will
11-15
12-15
.•
Estate Trustees (Boston) (s-a)
Steel
Weyenhauser
1
12-15
Raybestos-Manhattaw
Republic
Western
11-29
12-31
Co., Common ..(year-end)
preferred tquar.)
preferred (quar.)-i.—
Pyrene Mfg. (year end)
__
Extra
■
12-10
12-
(quar.5c
^
Oil
Reliance Electric
12-14
12-13
_
Mortgage
12-28
11-1
50c
Mines
6%
Realty
11-
West
of N. J., common.—25c
Dome
Indemnity Co.
Service Corp.
Estate Loan
11-15
42c
(irregular)■
Fund, Inc.
.•v',
of Rec,
20c
—...
11-20
;•„> 25c
30c
20c
5 (4
Real
11-30
Wellington
Products
2'.4C
.>
Year-end
.
11-30
Screw
11-27
/6%
preferred (monthly)——.—50c'
Pullman, Inc.' iqunr.)'__—-.j;
50c
Pure
Wayne
v
11-25
4
—
Public
1
12-
Pittsburgh Bessemer & Lake Erie RR.—
6/o preferred (s-a)
__—„./—$1%;
Pittsburgh Brewing, $3(4 preferred (acctun,),
81
Pittsburgh Forgiiigs Co.—_—:
25c
Pittsburgh Screw & Bolt—.
10c
Pleasant Valley Wine '.(.year-end)—1
10c
Protective
12-
Monday, November 22, 1943
Holders
12-15
12-13
Exploration
Preston
Payable
$1%
(quar,)_„
20c
______
Accident
3
12-31
$l!/a
—1
Phillips Pump & Tank Co., common A....:,.,
Preferred
Washington Water Power, $6 pfd,
Norristown RR.—
Philadelphia Germantown &
Portland &
share
Company
1
Virginia Coal & Coke (year-end')
50c
West Virginia Pulp & Paper (irregular)15c
Western Light & Telephone, $1,75 pfd. (s-a)
87V2C
Common
/'v
10c
_———
Philco'Corp.
Plymouth
Name of
12-
12-31
30c
25c
.,._
When
10c
preference common
Pilgrim
of Rea.
3
I-
■-
Per
•"
1-
$1(4
(quar,)
,
Holaert
Payable
than
Name of Camvanv
Philadelphia Co., $5 preferred (quar.)—.
$1
When
Shoe
Co.
Inc,
(quar,)
—
5
(quar.),—
$'1T4
12-
1
11*20
—
50c
12-
1
11-20'
,
Volume
158
Number 4231
.
THE COMMERCIAL & FINANCIAL CHRONICLE
PCf v
ji-'v'" Maine Of
When-; Holdert
••
tUare:
Company
Per
of Rec.:
Payable.
■f
'
W7ie7i
share
Payable
Holders
of Reo,
Nameef Company
,
Bruce
•
'
(E.
L.)
Bruck
Silk
'
11-26
Connecticut Power Co.
25c
Co., common (quar.).....*..
7% preferred (QUar,
3Va(V preferred /quar;)__l;-_V^--.*~..-'2~4_
$1%'
87^'c
■••'
12-10
12-10
11-26
Consolidated
Biscuit
10c
V
12-10
12-15
11-15
Consolidated
Edison
12-15
12-
Mills
.(interim )+_.L.***—•:
Brunswick-Balke-Collehder Co.," common-.* 't
$5' preferred (quar.)
11-26
(quav,)__—__,-_^„„
Power, 6(t pfd. (quar.)_w
Connecticut River
•
6214c
$114
25c
f.
3
1-
Co.
(quar.i
Co.
of
10c
Y.
N.
(quar.)
Consolidated Diversified Standard Securities—
1
$2.50
12-20
Buell
Die
12-
31 >4
Consolidated Laundries,
11-19
ll-20<!
1
$7.50 preferred
'
&
Machine
Buffalo Forge Co.
('
Inc.
8(0
11-15
Retail
Stores,
(Increased)
com,
12-
11-5
12-15
11-15
12-
1
11-19
1
1-15
12-
11-12
-11-10 ;•
12-1
25C
12-
Foster
Consumers
•
Co., $3 preferred (accum.)
(quar.')_^_:
Assurance Co. (quar.)__^_—
$7 pfd. (accum.)
12-17
12-
1
11-20
12-
1
11-22
75c
Butler Bros., common..
15c
r
5(<- convertible preferred'- ■37 V2'c
Butler (P. H.) Co., common (initial)-/-/;.
25C
4
10-29
Continental
1
11-15
Continental
12-1
11-
1
k 11-
12-15
General America
12-31
12-15'
12-15
11-26*
'
5(«
eonv.
5%
;
non-cum.
preferred B
12-10
1-
3
12-20
1-
3
12-20
V: T/o
12-
Cook Paint & Varnish,
Sl34
12-15
75c
1-3
12-15
1
11-15
25c
Dry Ginger Ale (year end V.://.*..;/'
$37»/2C
Forgings, class A (quar.)
ISlVa
12-10
11-24
12-16
12-1
12-1G
12-
$50c
12-15
11-15
Canada k Dominion Sugar- (qimr.i —;
12-
$20c
Canada Foundries &
' Class
.
Canada
Malting, Ltd.. (quar.)-„..-4__~-.-~._~
>
1
Canada
Packers, Ltd.
Vinegars, Ltd.
1-15
12-
1
11-15
12-15
11-15
12-17
11-26
12-20
11-22
1-3-44
12-15
1-3-44
12-15
;
Canada Wire & Cable Co., Class A (interim)
Class
B
Canad'ah. Bakeries,; 5.<K
$1%
20c
tquar. 1
Hotel
(St.
Brewing
preferred
1-
3
12-
1
12-
1
12-
Croft
1
Brewing Co.
Crown Central
Crown
$2,25
11-30
(hilt'alR;j..—
Petroleum
pfd.
isiU
(quar.)
preferred
(quar.
10-30
Crum
12-21
T/f
preferred
125c
12-3
11-15
Crum &
150c
12-
1
11-15
Culver
Food
Products
150c
(quar.)
■11-15,
1-10
5%
3
12-
12-
6
11-5
Invest,
Trust—
12-
6
11-5
prior preference (quar.) (s-a)
Curtis Publishing Co., $4 prior pfd. (quar.i$4 prior pi'd. (accum.) (payment clears all
$50c
Malartic
Gold
Mines
Canadian
Oil
< extra
V:.-,-*
Carman <Sc
Cos.:
Co., class. B
class
82
A
12-
1
11-
Cushman's
Carpenter Steel
Carthage Mills
6(7 preferred
'•
6'/'" preferred
.
•
—
—___./-.•
i interim
Inc.,
A
Central
Illinois Light, 4Va'/ pfd, (quar.),...
Central Illinois Securities Corp.—
preference
"
-
/
3
$2-11
Denver Union
11-8
Detroit
Devoe
11-23
11-8
11-30
11-15
12-1
11-17,
SIVn
Common (quar.)
6'/
participating
12-10
Diamond Match Co.
V
12-10
Doernbecher Mfg. Co.
7-
12-10
Doininguez Oil Fields (monthly)
1-
1
1-
1
1-
1-1
1
12-
$1.50
$194
■■■.
_
12-10
11-20
12-10
11-20
12-
.1
.r
1-
50c
25c
,''' /
5%
Dun
12-15
1212-
7
12-
1
■
Cotton
Oil
East St.
"75c
12-
4
11-24
$2.25
12-
1
11-15
Eastern
12-
1
11-15
'
75c
:•.■,
15C
-
12-10
11-20
25c
—
12-
1
11-19
25c 1-14-44 12-14-44
(quarterly;
!
/
50C
Cincinnati New Oilcans & iTexas Ry.—
5% preferred tquar.)
12-14
11- .9
11-23
75c
44--444„4'.4 ,!,'••'
^
6-14-44
.
>
$6)2
12-
1
11-20
Great
Northern
$2
1
12-
1
12-
1
11-15
1-
3
12-15
Griesedieck & Western
1
11-15
Griggs, Cooper & Co
12-23
12-23
Gulf
12-
12-
1
1
11-13
Extra
11-20
12-
;:
$1V4
12-1
11-15
$1 Va
12-
1
11-10
11-14
Hallnor Mines, Ltd.
11-30
11-17
Hamilton
Cotton
Watch,
12-
1
11-15
3:30c
11-25
10-30
$$1.88
1-2
12-10
$50c
12-
$10c
12-20
11-24
$5
11-22
11-
37 %c
—
—__4i,4—44r,_444^j.v.
(quar.—
common
■
12-10
11-20
$1 Va
—...
pfd. A
(quar.i
S1 Va
—
(year-end) —-—.4—
com.
V
(quar.)
1
11-
2
'
1-
1
12-20
Steamship Lines Inc.,
preferred (quar.)—
1-2
12-10
,4 1-
2
12-15
11-20
12-15
l'
11-10
$1%
12-
1
11-10
$1 Va
:
—
12-
12-
34%c
11-16
S1V4
12-
1
11-10
-
1V2C
&
$1%
Cleveland &
,i
(quar.)
12-
1
32-15
12-
1
11-12
12-1
11-12
12-1
11-15
25c
12-20
12-
25c
12-20
12- 6
$5c
common
12-
11-10
"
3
12-
3
$2 5c
12-
1
$1V4
12-
6
11-
3
common
(quar.)
$114
(quar.)
Manufacturing
(quar.)
1-3
$1%
—
1-
75c
$2.37Va
3
12-
4
12- 4
4_
-
11-24
11-10
11-26
11-10
50c
12-
3
11-18
25c
Eddy Paper Corp
Coast
:
Tractor
Counties
5%
87 Vjc
50c
Electric
Cockshutt
Plow
;
12-
3
11-18
Co..
Empire & Bay States Telegraph—
4, gtd,-, (quar.)—_4
1 :•:■■: 11-10
1 :•
11-10
1
11-10
11-19
Equity Corp., $3
31 Vic
12-15
11-26
11-15
V11-15
(quar,).......
$1.25
12-
1
11-15
25c
12-1
11-10
$5
pfd.
$1(4
$1 V»
'•
k,$4
;
Chemical
75c
Ltd.' (s-a)
Collins,& Aikman Corp.,
5(4
12-15
12-
1
Certificates
12-
l*
$5
12-15
12-
1
■.12-15
12-
1
12-15
$1
$1.50
•
;
$13.20
12-15
12-
$25c
12-1
10-30
$1.06 Vt
12-31
12-
$3
—
(quar.)
pfd.
— _
(quar.)—.
Colonial
Stores, Ine-, common (quar.)
•
preferred A (quar,),———_T_
Eversharp, Inc.,
$1.25
25C
7
62 Va c
,
12•
1
(quar,)—
Columbia
'
& Iron
(quar.),
25c
—.—__—,
11-19
12-
1
Corp., common_i_.___.__
(quar.)
5(4
1
pfd.
(accum,,)
Co.
Broadcasting System Inc.—
(year-end',——
Class
A.
Class
B
Columbian
(year-end*
Carbon
Commonwealth
Co.
90C
:
90 c
:
Falstaff;
Telephone,
$5 pfd.
(quar.i
Community Public Service (quar.)^
$1
.1^—■
Sl'i
—
40c
Compania Swift Internationa); see Swift
Conde Nast Publications
(special)
Confederation Life Association (Ontario) —
25c
$$lVa
,
'
Congo)cum-Nairn, Ir.e.
(quar.)j
Coniaurum,Mines Ltd.
(reduced)
preferred- (quar-;)
3
12-
3
11-19
11-19
11-19
1
11-15
12-15
11-24
12-
1
11-15
12-31
■; 12-24
12-
(
25c
u
••'■
Connecticut Light ot Power^ $2.20 pfd. (quar.)
$2.40
12-
12-10
_•
,
12-15
$4c
12-22
11-19
12-. 1
11-5
■55C,
i
..
•
-
60C
12-
1
12-
11-
1
5
Brewing,
64/ preferred
Fansteel
11-30
12-15
11-20
12-
1
11-20
1-
25c
3
12-20
65c'
12-22
12-10
25c
12-
1
11-10
12-
1
12-
50c
(quar.)
common
(s-a)
$5
...
——4.
——
Metallurgical,
.
pfd.
(quar.)—
11-10
Quarterly
Federal Rake
5r'o
Shops,
preferred
Federal
Co..
(s-a)
Compress &
Reduced quarterly
.11-17
15c
11-29
11-15
11-29
11-15
3c
4-
1
12-20
3-$8
12-15
4-
1
3-11
1-
1
12-15
12-31
12-11
75c
—
1-
25c
(quar.)
$2.50
50C
—
common
11-15
12-22
$2.50
•
Rubber
1
$7 VaC
SIW
Farmers.& Traders Life Insurance Co.
(quar.)
Faultless
(quar.)——4—1——
11-30
12-15
50C
4—
12-31
25C
...
12-11
12-
1
12-
1
11-
8
11-15*
25c
12-15
12-
4
12-21
12-
6
15C
12-15
12-
4
15c
Ferro Enamel Corp. (year end)
Finance -Co. of Amer., class A (quar.)
Class B (quar.)_4—
Firestone Tire & Rubber 6rc pfd. (quar.)._
First State Pawners Society (quar.)—!
Sl1^
25c
—
12-15
12-
4,
$1^
...
1
11-18
12-
1
11-18
15c
11-26
11-16
12-24
i5e
1-28
$25c
12-20
12-
12-11
12-
1
25c
4
(quar.)
12-11
12-
(quar.i:
1
12-1
12-14
1-18
1
11-15
$5c
12-
2
11-18
65c
12-
1
11-17
40c
11-30
45c
(quar.i
12-
11-
5
(A. C.)—
non-cum.
7(4
partic.
non-cum.
prior
preferred
preferred
(quar.)...
(quar.).
Bros,
7(4
1st
2nd
6(4
Co.,
preferred
8%c
12-
1
$1,25
12-
1
11-15
11-10
11-20
$1.50
12-21
12-10
$1.75
(quar.).__.
(quarterly)...
12-21
12-10
(quarterly).$1.75
,
Car..
11-15
12-10
Sound Co. (quar,)..
75c
Howey Gold Mines, Ltd. (interim$lc
Hudson Bay Mining &
Smelting Co., Ltd....
$$1
Motor
.
30c
preferred
preferred
1
12-21
12-10
12-10
11-30
12-10
11-30
12-13
11- 9
10c
Hummell-Ross Fibre Corp.—
6(4 preferred (quar.)
Huntington Water, 6(4
preferred
(quar.)—;
(quar.).*.
12-
1
II-16
$1V2
...
12-
1
11-16
$lVa
12-
1
11-10
$134
12-
1
11-10
Huttig Sash & Door, 7(4 preferred (quar.)__
$134
Power, 5(4 pfd. (accum.92V>c
Illinois Municipal Water, 6(4, pfd.
(quar.).. ' ' $1/2
12-30
12-20
12-
1
11-
12-
1
10-21
7(4
preferred
Illinois Iowa
Imperial Chemical Industries, Ltd.—
Ordinary shares (final).
Imperial
Oil
(s-a)*_r—
5
3(4
—-
12-
7
$25e
,
12-
1
11-16
12-31
11-16
9-24
Imperial Tobacco of Canada—.
Ordinary
Indian
(interim)
Motocycle
Indiana Steel
Co.
;
$10c
—
(common
Products
30c
......
(irregular)—...J..
25c
12-
1
12-
1
11-15
11-20
12-11
1
Warehouse—
Federal Light & Traction, $6
pfd. (quar.).,.
Federal-Mogul Corp.
12-
3ic
clears
___•„„_■
E.)
11-19
30c
Paper (Canada)
11-19
1
32c
(quar.)
1
12-
50c
B
(payment
12-
$1
...
Electrochemical
Hudson
15c
—
11-20
11-10
12-10
1
20c
Horn & Hardart Co. (N. Y.), 5(4
pfd. (quar.)
Houston Lighting & Power Co. 1
monthly 1
1-
$1.25
_
10-25
12-17
15c
(Charles
7(4
'
4^—
Fajardo Sugar (quar.)————
Falconbridge Nickel Mines (interim)..
11-20
12-
11-27
Co.
11-10
II-25
Howe
$1
4
&
Horn
12-14
50c
preferred (quar.)——
(quar.)
12-10
$1
Hollinger Consolidated Gold Mines (monthly)
(Henry), $1.80 class A (accum.)
12-14
12-14
11-13
12-
25c
(Edward) Lumber Co.:—;
Hooker
11-10
11-15
II-24
1-3
'
Holt
3
3
12- 4
*
3
12-1
6
11-15
12-15
12-15
A
Special
1-
80c
—4—!
1
T
12-10
75c
interest———,
44^
^
Fairbanks Morse
.
Colorado .Fuel
beneficial
(quar.)
Ex-Cell-O Corp,
,
pfd.
of
preferred
—4
•
11-20
I-
1
75c
.
:-4
Hinde & Dauch
1-
$ 1 Va
pfd. (accum.)———
Erie & Pittsburgh RR., gtd. stock
(quar.)—_
1.
1
1-20
12-
$1.25
.....
Monthly:
$ 1 V\
eonv.
common
12-
11-15
12-1
1
Hibbard Spencer Bartlett & Co.
(monthly)..
$ 134
50c
11-10
RR.,
11-13
$1
4„_—
Empire Star Mines Co., Ltd._^_
Erie
11-18
11-24
11-15
1
arrears)
Howes
1
Co.—
11-27
12-15
25c
11-30
12-
12-13
30c
•
1
12-
Co,,
preferred
6(4
$1.25
Engineers Public Service, $5 pfd, (quar.)—
$51/2 preferred (quar.).
$6 preferred (quar.)
——
Colgate-Palmolive-Peet. $4V2
5(4
12-
50c
-4—*——
(year-encl"
(s-a).
Co.———4^_——, i
(irreg. )
—-.1
Ely & Walker Dry Goods (quar.)——
——
iquar.)„_——_—4v_4^_„
Coca-Cola International Corp.—
Class A
.12-
87 V-c
gtd. (quar.)
Coca-Coia Co., iqtiar.t
Extra
(year-end'
'. $3-class A
(s-ac——:4;4—4—
Common
12-
(qUar,)4——r4—^4_-—
Gas. &
Watch
*
•4
Co..
1st preferred
Boat/I;——---k-44-4 ——'
12-
Refractories, common....
(quaiM__._...^..._.j,*._j:
A.)
preferred
Hires
4
12-15
12-
Monthly
4.
11-12
3
10c
...
11-10
10-30
12-
50c
.
Corp. (year-end)
Hecla Mining Co....
L.,...:.;'.-'.•...•■•4 4" ' 4/4 (,•
Hershey Chocolate Corp., $4 eonv, pfd. (quar.)
all
1
6
1-
50c
10c
1
12-
12-20
...
(quar.
1
12-
(quar.i..
25c
(quar.)..*.-■ $1,12(2
Hazeltine
3
1-
12-17
25c
Hawaiian Pineapple Co. Ltd,
(year-end)....50c
Hazel-Atlas Glass Co. (quar.)....
Heyden
11-16
12-
50c
Ltd.$22Vac
preferred (quar,'
$lVa
6'e
Hey wood-Wakefield,
50c
———
3 7 Vic
Pittsburgh RR., 7(4
Special quaranteed
Cleveland
1
Pittsburgh
stock
Special
.
12-
2-14
1
12-31
/
Chemical, 4 Va (4 eonv. pfd, (quar.)
Hartman Tobacco, $4 prior pfd. (accum.)
5(4
25c
4,4*,-——
■.
RR.—
(qufiivt4-4i>._^—,
guaranteed iquar.b—
Regular
12-20
1
12-
$1.50
Harsh aw
Hines
Eastman Kodak Co.,
Elgin National
3-
75c
4394c
•
preferred
4(4
common
11-19
1
(quar.).,—,
(M.
11-19
12-10
12-
(s-a.»
(quar.I
class A
Co.,
Harbison-Walker
6%
12-10
34%c
Extra
1
$1%
—
1
1
—
Cleveland
12-
12-
.
preferred (qua/,4—44—14—
Clayton Silver Mines__..r—
..
12-15
11-24
(reduced)
Co.,
Paper,
preferred
Hanna
8
'
;
(quar.)—^
Products
30c
$1.50
Inter'urban Water—
Elliott. Co.
City Water Co. of Chattanooga—
S r~'c
30c
$1.62Va
12-14
12-
50c
-.Extra'
'
Electric
12-10
1
.
...
City of New Castle Water, 6(4 pfd. (quar.)_
City Ice & Fuel Co., common
G Mt'/
preferred (quar. )———_——
12-10
12-21
25c'
.......
Class B
12-
1
'
F.), Printing
12-10
11-20
1
12-28
common...__...____;..*4^„_„
11-12
12- 1
1
12-
50c
(quar.)*..
1
•
12-
12-31
12-21
6(4 preferred (quar.i_._g_J*i..*..k.4....
Hale Brothers Stores (quar.)
:
$87 ^C,
>
11-19
12-
$1/4
■
•
i.„.4..._„
11-27
"■
12-15
12-10
12-31
25c
12-11
Hancock Oil
8c
10c
$75c
'75c
40c
(irregular).
Hajoca
4Yaity
11-19
13%'c
Brewery
11-20
Hammermill
11-15
11-10
12-15
11-20
Hackensack Water, common
7tv>
preferred A (quar.i
Extra
1
11-30
16c
12-10
12-1
12-
12-
1
11-22
11-20
(W.
11-12
1
11-20
Hall
1
12-21
1
3-1-44 2-10-44
12-
12-
50c
4
Corp;,
11-15
12-15
$15e
,
.
-
preferred
12-15
500
(quar.)....-..........**.....*...
5Va%
11-15
$1.25:
Griesedieck West. Brewery, 5Va-%pfd. (quar. )
11-20
12-15
12-13
12-
1
12-31
11-30
50c
......
Oil
3
12-12
$1
Special
■
Sugar Associates-— -4
$5 preferred vtc. (accum,)
Eaton
11-10
I-
25c
preferred (quar.
Hamilton
(quar.)—-—
preferred
12-11
.5c
$1.50
,
12-1
$$1.25
eonv,
6'it?
12-11
(quar.25c
12-
Eastern
11-19
1
_
common
25c
—
Shore
Steel
I-
'
Paper (quar.
Ry., preferred..:
12-
12-14
10c
Public Service. $6 pfd.—
preferred ,_4—4———_
Eastern
12-11
50c
12-14
5VaV'o
1-10
1
(initial).../.;^./..:/...*.
Greyhound Corp.,
11-24
1-25
1-
56V»c
(quar.)....
Indemnity (N. Y,(-•(s-a)._'._•
Northern
12-10
30c
(accum.)
Great
37V2C
,
/irregular)-,————_
Hosiery Mills^ 6c,'o
Louis &
Eastern
15c
i; .$1.50
......
..
preferred
7vk preferred
25c 10-14-44 9-14-44
■-.v"
Co,.i..—,/4—■ „4———'■:
3-14-44
25c 7-14-44
Chrysler-Corp.
4_
(quar.)
6%
Quarterly
.Chile Copper
(quar.)
Co.
preferred
11-1
25c 4-14-44
■
6'4
11- 9
....
Eagle Picher Lead,
.-t"
preferred (quar../' —4-——■——
Chicago Mail Order, common (irregular)
Chicago Yellow Cab Co. (quar.)—
A
11-15
75c
(s-a)-_.__-—i.
(accum.).————4—
preferred
Durham
"r.;
1
pfd.
1
11-19
,
11-16
11-23
50c
--4i_^^44^—:
preferred
Investments—
Bradstreet,
11-16
1
-/v
Great American Industries (initial).-'
Great Lakes Paper, $2 partic. pref. B
(accum,)
12-
1-10
1
Extra
12-3
11-12
1
12-
25c
Co.
Aircraft
A
$6
7
12-17
12-
S3
3
2-
12-
Co
Co,
11-10
12-13
$iy2
25c
(quar.)__i—
Bridge
preferred
v
—
1-
Union
Great American
12-3
11-25
Electric Co.—■
$1.25
Dominion Stores, Ltd/(quar.)
Douglas
11-24.
1
12-17
.
$3.50
•
1;
preference for each, common held)——.
Chestnut Hill- RR...-tquar,)——;
Chickaslik
•
Dominion-Scottish
11-10
12-10
-SlVa
12-24
11-20
11-24
25c
1
30c
,
Envelope & Cartons—
preferred (Western)
iquar.)
I'/c
11-20
12-10
4
,
12-
$134
(quar.)-^——4—.
Dominion Coal Co., 6rc preferred (accum.)
-
•'•
4
Dominion
$1 Va
KV-\<
S3 pfd. (this payment clears all arrears)
12-15
11-10
pre¬
(q)iar. 1
W.)
11-13
11-25
stock
of
Granby Consol. Mining, Smelting &; Power—
Quarterly
;
Anglo Investment Corp.—
preferred
11-20
Sl34
Js-au_.4._—-L_^444.,,;
.
5'r-
Dominion
SlVa '
:■/(
,
•
11-15
1
12-10
25c
3%%
Gossard
4 V
Alkali Co.—
Dominion &
12-10
Sl34
•
•
Chicago Corp.—
(quar.)—
11-19
•
Champion Paper A* Fibre, common (quar.)—
6(4 preferred'Xquar.:).^'it———.41 '•
Chapman Valve Mfg., com. (quar.)———-I-
new
Gorham Mfg. Co.
12-10
12-.10
1
121/1.500th
share
25c
11-29
"
of
pfd. (quar.)
(quar.)4_— ■•':
_
•'
11-12
11-19
1- 3-44 12-20
12-
11-22
Brewing Co. (quar,).™*..............
Stock Telegraph Co. (iquar.)
Cycle
Corp
Goodyear Tire & Rubber Co., common
$5 eonv, preferred (quar.)...^.^//-..^--.
(H,
12-20
12-20
12-13
&
12-23
4i' 75c
—_
B—
1
$1%-
———
Stock dividend (I-10th share
preferred
and
A
12-
$ 1V2
,
7(4.' pfd.
class
on
11-30
12-20
Utilities Co.—
prior preferred (accum.)/.
$7 prior preferred——v...——I///..../.;...
$6 prior preferred (gccum.
$6 prior preferred
—„4
Century Ribbon Mills, 7(4 pid. (quar."
■
Stockyards, 5Yar'r
3
$1 Va
11-30
12-31
1
$iVa
Golden
8
11-29
$1^4
1-
621L'C
Chesapeake, & Ohio Ry.~
11-
35c
'
B
Extra
5%
L-4444
Raynolds Co. Inc., class A (quar.i(quar. )■—i—
^.44—4—.—4—
Class
'•
!!
—'
&
Diamond
■
...4..'
2
12-10
11-22
(optional
or
each
preferred
25c
(quar.)-—
10c
87
Chain Belt Co
Gold
12-
6
12-20
11-20
12-13
Goebel
11-13
convertible
$1
preferred (quar.
50c
.
Central & South West
11-30*
12-
1
11-15
50c
common
$114
—
Gasket & Mfg., 6-k pfd.
■
preferred <q-uar.)
4—i—/*://■•
preferred' (quar./'' *&.>:.'
Light & Power Co.—
preferred (quar,i—.
—.'■ ;•
SG
12-15
12-
1
(accum,)....75c
$7
(s-a)„
Supply, common
preferred (aitar. 1
1%
•-
12-13
Central Ohio
-
7Vo
RR.
11-23
1-
(quar.)
Dentist's
12-13
3
1-
50c
■
preferred (quar.)
775>
Deere & Co.,
Delaware
80c
/■
< accum. i__„.„—...
Maine" Power Co., cdmaum
series prefer red.(quar.
<'• G'f.
12-1
11-23
$1V»
,
1
Central
5'4
12-10
1-3
4Va%
12-
12-
i5c
......
Co,,
1
(year end)
Brothers, common
preferred (quar.)___„_
$6
Glidden
1
12-
12-15
$iy4
&
40c
12-10
•
80c
preferred /.*„.„//;»;»/_/,U /
Caterpillar Tractor Co. (quar.).
Central Foundry. 5(/ con v. pfd. (quar.t.JX/
$6
Decca
Records Inc.
1
12-15
75c
11-15
$1.75
2nd
eonv,
11-15
60c
——
—
$lVa
12-1
1
-
12-
$2
1
11-17
6
4
•
12-
$1.50
fquar.)
Case (J. I.t Co., 7'<
pfd. I qua r. i—;
Catawissa RR., 5r<
1st preferred......
5(7
Sons—
12-
12-15
50C
.
(quar.
B
11-19*
$3
7f!o pfd. (accum.) (paym't clears all arrears)
Dayton Power & Light, 4Va<;e pfd. (quar.)—
12-22
50c-
:
common
1
50c
;
:
11-26
12-
11-20
12-
3qc
^
General Water Gas
Grand
25C
•
$2c
$20c
(interim)/..
(quar.
12-10
12-10
11-20
25c
,
(quar.
preferred
11-16
1
...
Gimbel
75c
'■
Canadian
$3
11-30
$114
6',k class A
'"/■'''
-preferred "laceufti.-'i
held
$2
Press, 4Yupreferred (quar.)
Cunningham Drugstores—
:
: -
11-30
1-
common
for
common
10c
—
1-2
1-
11-30
12-15
$1%
(quar.)___„4/
(extra)
$25c
-
(interim■
International
"
preferred
Clinton RR.
$ 25cr
Foreign Investment Corp.—9'/p preferred • (quar.
Canadian Industrial Alcohol, class A (interim)
Class B
& Port
$$2
Canadian
Canadian
(quar.)„_^
Forster, H';i
11-10
Way
Cuneo
Canadian
1- .1
185c
1
$114
common
Insurance Shares—
& Forster
153C
_
12-
1
12-
75c
(quar.
preferred
12-15
5c
I
Co.,
Canadian Breweries. $3.40 preferred (quar.).
Canadian Car & Foundry, partic. pfd. (quar.)
(interim
ferred
$6
56140
Zellerbach Corp., $5 eonv. pfd. (quar.)
Crow's Nest Pass Coal (interiin)_.„wL-—--Crown
Canadian
Fairbanks-Morse
12-1
11-20,
5c
Crown
12-
12-15
10c
—
11-30
Drug
of
11-15
12-
$ltk
dividend
share
50c
(resumed)
(year-endk:
Corp.
11-30
,
partic.
11-15
10-30
25c
Cork & Seal Co., common,
11-15
1
Corp. common™^....50c
Shareholdings Corp.
series).
Cash
12-15
12-15
87VaC
Corp,,_„__._2
1
1-
5c
(quar. )i
Railway Signal,
12-
1
12-
11-25
$2
(quar.)
preferred
25c
12-15
/25c
,
6CZ
$ 114
(quar.)-.„
Petroleum
11-15
,12-15
v.:t$i
J.*//;.....$/,
General
General
$1
10-30
pfd. < quar.):...4.$4.
$1%
5Vo. pfd, A (s-a)
25c
(s-ai.__
'
",30c
preferred B
preferred
25c
Creole
11-15
,
11-18
|$1.75
Creameries of America, common_„
$3(2
<o'A
11-18
11-30
5
1
1
$$i/4
'
(irregular)..
Corp..,„,.4^>._;.
$5
1-
12-
35c
General Cigar Co., 7 Va
General Finance Corp,,
General Motors
11-15
12-
50c
1
common...........j
6'./convertible preferred (quar.)
General Bronze
Louis)—
v.t;C.7(initial)—'—_Jl.44i—
A
11-30
$1
common
(quar.)
12-13
(quar.)—•„
6 Va 'i } preferred7 (quar.)/.•
!
4S1
J 10c
■
•
<quar.).__
$1%
:
(quar.i
32-20
110c
iquar.)
Class
preferred
Corrugated Paper Box Co., T'c preferred
Crane Co., 5% preferred (quar.),,_^_^44—
12-20
JS1.75
preferred
Coronado
11-15
1-25
(quar.)
com.
preferred
Canada
12-15
U5c
participating
$4
1
$50c
Canada Northern Power Corp.,
7%
Continental Steel Corp."; 7'> pfd. (quar.)_i„_
Continental Telephone, 6-Va()/ pfd. (quar.)—
12-1
31V4c
(qiiar. I
Butler Water, 7'/ preferred,
(quar.)/./..,/. '/
Camden '& Burlington Co. Ry. (s-a)—
Canada
.k—:
Continental Motors
5
31'4-C
/quar;).R44.-././/.*-7
preferred
12-
1
1-15
$u>',
...I
Fulton Market Cold Storage
ok-pfd. (accum.)
Furhmann & Schmidt
'
12-
50c
Corp.,
8
11-15
12-10
$14
4
Corp.
General Brewing
$l3/4
_
5
12-31
15c
(year-end).^^_4_4-^_u4:_,:Casualty Co. (Chicago) (quar.)
11-30
30c
Can
11-23
25c
11-15
12-
4i5c
1
arrears)
Freeport Sulphur (quar.i....
Fruehauf Trailer Co., common
(quar.).
5','t' preferred (quar.
10-29
11-20
1
25c
Distilling Co._„„
40c
12-
.
(paym't clears all
50c
11-
1
12-
50c
preferred (quar.i
Franklin County
$lVa
■
11-15
12-
$114
7'/r
5:50c
4
Consumers Glass Co., Ltd.
Continental
of Rec
1
,,:
<
12-17
3
50c
■
12-
$1(4
*_•—4_Jk—,
11-15
1
wheeler—-
1-3
1-
$2
$1.25
11-15
12-1
Holders
12-
Bridge,25c
3114c
convertible preferred (quar.)
Consolidated Wagon & Machine Co.—
40c
When
Payable
Foote Bros. Gear &
Machine, common....... 4
Ford Hotels Co...
4
;
•" ■
Fort Pitt
11-20
2-
•
(M. H.) Co. Inc.
$2
11-15
1
Per
;•
•
(quar.)..15c
Fit/. Simons & Connell
Dredge & Dock (quar.)
25c
Florida Power, 7';<> preferred
tquur.i
87'2c
7<k preferred A (quar.i„*..j,
1
12-15
25c
preferred (quar.)
Vultee Aircraft--
12- 4\
40c
preferred < quar./..J.—_
—"■'
Burroughs Adding Machine (quar;)v
Bush Terminal Bidgs., 7% pfd. (accum.
12-23
$lls
11-29
'
5%
Fishman
11-15
25c
(quar.)
Liquidating
; tratiug /quar,/ •'\ /■
Burlington Mills Corp., contnfon^^.up.J.^J
l
40q
(resumed),
50c
(Los Aug.) 4;
Sulli.van Mining & Conceit-
&
Consolidated
11-15
common
15c
•
12-
11-15
Consolidated
;
65c
Bullock
Bunker-Hill
,
11-25
8c
end ).2_-/--2~--*/4'''/
year
11-25
2c
'
fquar.L-^-^---~'-.-..~
4
Bullock's
12-15
20c
;
1
J75c
preferred^„__„^_,„—„—_
non-cum.
"
Buckeye Pipe Line Co. 'il/.:,.—
Budd iE. G.) Mfg., $5 prior preferred..:./-/
12-
'
$1.23
——
,
share
,
Name of. Company
;;
,
2083
12-
1
11-15
$194
12-30
12-20
Indianapolis
Public
Welfare
Quarterly
Inland
Steel
Loan
Assoc.—
$1
—
Ingersoll-Rand
Co
$lVa
,—
(year-end).._—
—
Institutional Securities, Ltd.—<
Aviation Group Shares (s-a)
—
International
Harvester, 7f4
International Nickel Co.
pfd.
Paper, 5(4
International Petroleum
International Power Co.,
7(4
preferred
(quar.)
50c
1
11-20
1
11- 8
12-
1
11-12
11-30
10-30
(quar.)..—
(quar.).
$13/
1
11-
5
50c
12-31
12-
1
(quar.)..
$1.50
1- 3
12-31
preferred (quar.)..
$1V4
12- 7
11-23
$50c
12-
11-22
of
Canada
International Ocean Telegraph Co.
International
$l(a
12-
12-
Co.
7(4
Ltd.
pfd.
(s-a)
(accum.).
.
$85
$$1,75
12-
1
11-30
11-10
3
1,2-10
1-
i.
THE COMMERCIAL & FINANCIAL CHRONICLE
2084
Per
*
vrnen
rcr
i
tyume
Payable
Share
of Company
^
International Products Corp. (irregular)—.
50c
International Safety Razor, class A (quar.i60c
International Silver Co,__„—750
12-1
25c
12- 1
Corp. —————
Investment Foundation, com. (initial)
Intertype
—'
*
12- 1
i
j25c
1-15
$75c
1-15
30c
12- 1
$2(4c
12-20
$1(4
12-1
20c / 12- 1
15c
12-15
—,—
preferred (quar.)—________
Mfg., common (quar.)-.——
Island Mountain Mines Ltd. (irreg.)_
—
Jantzen Knitting Mills, 5% pfd. (quarterly)-,
Kalamazoo Stove;& Furnace (year-end)
•
Kalamazoo Vegetable Parchment (quar.)—_■/'■
Kaufmann Department Stores—
6%
Iron Fireman
.
Klein
25c
(quar.)—.
Emil)
(D.
Stores,
Kobacher
common
1
(S.
;__
Co.—
S.)
-
Extra
(S. H.)
Kress
& Co..
Monroe
12-15
Monsanto Chemical
end)..
(year
com,
11-26
,
11-29
11-25
11-20
4
$3
preferred
Moore
(Tom)
(accum.)
Distillery (whiskey
$$iy4
'V''
11-10
dividend)
gallons payable in bulk Kentucky Bourbon.
Recipients must pay State & Federal
27
:
11-10
11-10
11-15
11-15
11-30
1
(Wm. R.) Dry Goods (quar.)
Plan Industrial Society <quar.)__—
Morris
Motor Finance
Motor Wheel
Mountain
Corp.
(quar.i
.....
Supply (irregular)
Mountain Producers Corp.
Muncie
$iya
(year-end 1
Corp,
Fuel
Water
pfd.
$1
25c
30c
30c
25c
(s-a
8%
Works,
Petroleum
12-4
„
'
1
11-26
I-3-44
I-3-44
(quar.)
$2
11-25
12-
11-20
1
1
12-
1
11-13
12-
1
11-19
12-
1
11-15
(interim)—
7%
preferred
Landis
Lane
(quar.).
preferred
Machine, 7%
Bryant Inc.
Lane-Wells Co.;
$134
25c
25c
t50c
50c
_•
(quar.)
————
_
Langleys, Ltd., 7%
Lanston
t$l34
(quar.)
preferred (accum.)
conv.
Monotype Machine—.—
________
Lawyers Title Insurance (Va.)—
>
6%
preferred
(s-a)_____________
Le Tourneau
$4(4
&
Leath
Inc.,
Co.,
common...
12-31
$3
12- 1
12-1
12-14
12-14
12-4
1-3-44
12-15
12-15
25c
$1.121/2
(quar.i
com,
—
20c
______———
62V2C
25c
Lehigh Portland Cement Co., 4% pfd. (quar.)
$1
Leighton Industries, class A (irregular)—
25c
Leslie Salt Corp. (quar.)——50c
Levy Brothers Co., Ltd) (interim)
...
140c
Lexington Water, 7% preferred (quar.)—
$1%
preferred (quar.)
$2.50
Lee
;
G.)
(R,
preferred (quar.)
conv.
Co.
D.)
(H.
Life Savers
Extra
—
(quar.)
:
.
40c
70c
Corp. (quar.)..
—
,'•••
_
,
Extra
_________.—____
B
Class
—
.
■
Extra.'
.
Newberry (J. J.) Co., 5ch
11-12
Neisner
Extra
11-12
11-
6
New
12-15
$6
prior
lien
11-10
$7
prior
lien
11-10
12-11
5%
New
11-24
New
11-24
11-
New York
2
11-2
New
New York & Queens
11-2
11-
1- 3
11-15
12-1
12- 1
1-15
1-15
12-1
12- 5
11-20
Nippissing
11-20
Noranda Mines Ltd.
Angeles Investment (resumed 1—
Manufacturing
Lunkenheimer Co.,
&
Sales
—
Co
6(4% preferred (quar.)..
Lykens Valley RR. & Coal (s-a)
Lynchburg & Abingdon Telegraph Co. (s-a)
M. J. & M. M. Mining Consol. (increased s-ai
Macassa Mines, Ltd.
(quar.)—
40c
$3
(4c
$6c
25c
—
■
25c
Co.
common
(quar.)
11-25
11-15
11-30
12-11
12-11
12-10
12-10
12- 1
25c'
Mackintosh-Hemphill
12-
25c
Madison Square Garden Corp.—25c
Magazine Repeating
Razor
common
(quar.)
Consolidated Mines, Ltd
Magnavox Co. (initial)
—:
Magnet
Shirt
Co.
i._.—__
/
(quar.)....
Extra
25c
$1(4
$3c
25c
4(4%
Corp.,
1
preferred
Electric
Master
Mattiessen
1%
May
May
&
Extra
Extra/(quar.)
McKesson
Mead
$6
Corporation,
preferred
A
5J4%
preferred..
i
(quar.i.
$5.50 preferred B
Merchants Refrigerating Co.,
7% preferred..
Textile
Corp.,
10-29
4
11-15
11-"I
11-
1
Meteor
Motor
preferred series 1940
7% preferred (quarterly)
Petroleum
(quarterly)
West Corp. (irregular)
Midland Grocery Co., 8% preferred
11-15
12-
1
11-20
12-
1
11-20
1
(quar.)—
Western Oil
Pacific
Package Machinery (quar.)—
12-11
12-10
11-20
1
(irreg.)_
$1.60
Pacolet
1-
1
1-
1
12-
2
12-22
12-22
12-
1
11-19
12-
1
11-19
1-3
11-19
1-3
12-15
1
11-13
12-15
Co.
12- 1
11-
11-20
5
12-15
11-15
12-12
12-
2
12-10
11-24
12-10
11-24
$1
1
Service
...
12- 1
11-20
$1.06
(quar.)
Pato
Consol. Gold
Paton
7%
Mfg. Co.,
preferred
12-15
12-
11-13
1
11-9
12-1
San
11-15
12-
1
11-17
12- 1
11-20
$1
12-17
11-19
20c
11-30
11-
3
Peaslee-Gaulbert,
Peerless
common
Quarterly
Savannah
8%
8
7(4%
12-
8
7%
12-
11-
1
6(4%
12-20
11-23
Scullin Steel Co.
2-15
1-15
2-15
1-15
1
11-10
Second
Secord
Serrick Corp.,
partic. preference___——__
Candy Shops (interim)____
5%
(Laura)
Servel,
1
11-20
Simonds Saw
1
11-20
Siscoe
3
11-12
12-15
11-30
12-15
11-30
preferred
(s-a)
Corp.
Pennsylvania Bankshares
•
&
(accum.)
Securities
25c
12-
1
1-10
12-10
1-
3
11-23
12-10
11-
2
12-31
12-20
1-1-44
12-15
2-15-44
2-5-44
12-10
11-16
Extra
5%
Sixth
$1
12-10
11-30
Mines
Gordon
Gold
Smith
4
4
11-
1
11-24
11-24
12- 1
11-10
12-10
11-25
11-25
11-15
25c
11-25
11-15
13c
12-22
11-12
$1(4
12- 1
11-15
Co.,
_____—___
(quar.)
—
11-19
10-25
11-12
12- 1
11-15
75c
50c
12-15
11-26
11-
87(4c
12-1
11-20
10c
12-15
11-30
5c
(quar.)_.
11-23
12-15
50c
ctfs, (irreg.)
12-15
}l(4c
_____
(quar.)—__—
partic.
Co.
.
12-23
12-
12- 1
12- 1
12-15
11-20
60c
9
11-10
Alsop Paint & Varnish Co.—
7%
preferred
Aircraft
Solar
(quar.)
—
Co
Corp.
—
:
25c
$l3/4
Chain Stores, common-,
preferred (quar.)__
:
Soss Manufacturing Co. (irregular)
Sontag
7%
Soundview
South
12-1
12-15
12-15
-
Steel Co
&
Mines
Bway
(interim)
Co.—
preferred AAA
&
J20c
—
——1
—
Skelly Oil Co.
Sivyer Steel Castings
6%
Corp.
11-12
_______—25c
$22c
50c
Shawinigan'Water <fe Power (quar.)
Sheaffer (W. A.) Pen (quar.)——
Sonotone
1
11-12
(quar.25c
Inc.
& Dohme, Inc.
Sharp
12-
11-15
11-15
12-10
10c
12-
1
1
12-10
22c
;
class A (quar.)_~__
Class B
12-
Pennroad
preferred
Ltd.,
Co.,
115c
l$l
t$l%
25c
+le
$3
Slla
$3
50c
35c
1
12-
$1(4
11-15
12-15
12-
50c
75c
■
(quar.)
11-1
11-24
12-
12-10
12- 1
1-
1
11-19
12-10
12-10
.
110c
12-
3
12-10
12- 1
11-10
11-20
1- 3
1-3
1-3
1- 3
12-14
1
1st preferred (accum.$1(4
Canadian International Investment
11-15
12-
12-31
Seattle Gas, $5
1-
1
12-15
12-15
$1
________—_————_——/
25c
$1.37(4
—
end)____
__—___________
Roebuck
Extra
12-
12-21
12-15
12-
$1%
$1%
$1%
(quar.)____„__._—____
Scranton Lace Co. (year
11-20
Peninsular Telephone, common (quar.)_
$1.40 cumulative class A (quar.)—
$2.50
debenture D
11-23
12-
10-26
11-10
$2
(quar.)—_______________
12-20
1-
11-15
11-26
37 (4C
:
(quar.)___—__________
debenture B
1
preferred (accum.)—
6% preferred
-
(quar.i
A
12-
——
11-15
12-15
25c
—________________
debenture C
Sears,
11-13
11-15
Electric & Power Co.—
debenture
12-
B
11-13
Remedial Loan Association-
Sherritt
(interim)—
(quar.)—_—.——
(quar.)_
Casualty, 6%
Class
Francisco
12-21
1
and
Sherwin-Williams
Paymaster Consolidated Mines, Ltd. (interim)
6%
A
11-15
12- 1
.
St.
11-15
Dredging, Ltd
T5c-,
11-13
Class
4
11-20.
12- 1
.
Company-—
(irregular)——____
12-
11-12
:.V./
12-1
12- 1
12- 1
10-29
Public Service
1
11-10
11-15
12- 1
12-15
Louis
1
11-10
11-12
11-26
12-15
12-
11-
12- 1-
1
12-
—>
—
Patterson-Sargent Co.
Peabody Coal,
50c
(quar.)
(year-end)
preferred (quar.)_—
$5(4
12-10
12-14
11-26
12- 1
11-30
12-15
12-15
12-1
11-29
3
12-20
Parkersburg Rig & Reel, common,—
12-15
11-30
1-
12-30
11-16
12-15
12-
25c
——
11-19
11-18
11-15
convertible preferred (quar.)________
$2(4
Ryan Aeronautical Co. (year end)
—_
Lead
—_____________
St; Joseph
30c
1-3
1- 3
(quar.
10-25
12-15
62(4c
12-1
;
35c
11-26
4 "50c /■, 12-10
St. Joseph Water, 6% pfd. (quar.$lJ/2
12- 1
St. Louis Bridge, 6% 1st preferred (s-ai—_
$3
12-23
3%
2nd preferred (s-a)
.--U
$1(4
12-23
12-
:—_
Parker Pen Co.
12-15
./v.-
11-19
12-15
1
11-30
12-21
15c
Extra
12-20
11-15
$1.50
$1.75
& Steel, common (quar.)
Rustless Iron
11-22
12-15
11-15
12- 1
Grain, 6(4%
11-29
12-15
11-15
12-21
preferred (accum.)—
+$3.25
Reliance Steel Corp.
(irreg.)
30c
Reo Motors, Inc. (year-end >__
$1
Republic Insurance Co. of Texas (quar.)____
30c
Reymer & Brothers (irregular) ____________
2lc
Reynolds Spring Co.——25c
Rheem Mfg. Co. (quar.)__
4:/ 25c
Robbins & Myers, $1(4 partic. pfd. (accum.)
75c
Rochester Button, $1(4 conv. pfd. (quar.)__
37(4c
Rochester Gas & Electric, 5% pfd. E (quar.)
$1(4
6% preferred D (quar.)
—
$1(4
Holland Paper Co. Ltd.—. :-/:4,
/'
"
6% preferred (quarterly)
$$1V2
Roxy Theatre, Inc., $1.50 pfd. (quar.) _______
37(4c
Royalite Oil Co., Ltd. (s-ai
150c
12-16
12-10
12-1
12- 9
50c
preferred
40c
$5c
$2
40c
1
25c
common
convertible
12-
Mfg.
Parker-Wolverine
—____
preferred (quar.) ________
40c
(quarterly12(4c
(quarterlyi—37(4c
non-cum.
Reliable Stores,
12-10
1- 3
12-
50c
1
end)
12(4c
$1(4
1- 3
25c
50c
(year
11-
12-21
40c
50c
______
——_____
$1.50
7y2c
(quar.)
Public
11-30
12-15
11-25
12- 1
—.
end
Year
$1.50
11-15
B
—
(quar.)
—.
Pamour Porcupine Mines (interim)——,
Park-Wilshire, vtc, (irreg.)_____
12-15
Hart, $1 prior preferred
Corp.
Products
11-20
4c
preferred
$1(4
25c
J25c
6
7%
12-
11-15
preferred C
Missouri
Elevator, common (irreg.)————
preferred (quar.)———
_______
12-10
12-
Minneapolis-Honeywell Regulator Co.—
4%
11-20
preferred (quar.)
Quaker State Oil Refining Corp
Quebec Power Co. (quar.)______—_________
Randall Co., class B (quar.)
___________
Inc,_
Products,
Oats Co., 6%
Quaker
10c
$1(4
t$3
35c
$1(4
£25c
(s-a)___-
12-22
12-27
(s-a)
(extra)
AV\%
Quebec Ry.
35c
$1
(s-a)
Mission
12- 1
11-
preferred (quar.)
—,
f$l%
Ottawa Light Heat & Power Co., com. (quar.)
tl5c
5% preferred (quar.)
t$1.25
Oxford Paper, $5 preferred (accum.)—:——
$1(4
Paauhau Sugar Plantations Co. (irreg.)—25c
Pacific & Atlantic Telegraph Co. (s-a)—__
50c
1
11-27
10c
11-24
12-15
12-
11-29
$1(4
12-29
1-1
Extra
$1.50
50c
12-15
preferred
12-10
12-31
Ontario
$3
8%
12-10
1-15
11-15
37y2c
preferred
1-3
3
11-23
12-15
(s-a)
8%
12-10
11-15
1
30c
Corp—
Middle
Midwest Oil Co.
3
12-10
$1(4
$1.75
Omar, Inc., common,————_____
6% preferred (quar.)
Common
Mid-Continent
12-
1-
12-1
1- 2
2-1-44
-12-31
1-15
12- 1
11-22
62V2C
$1.75
11-29
11-26
25c:
Steel
11-15
12-31
12-10
87»/2c
,
11-15
12-15
12-15
12-10
Light & Power, 6%
preferred (quar.)
Co., 7% pfd. (accum.)
Okonite Co.. 8%
preferred (quar.);
Oliver Farm Equipment, common (irreg.)—
$6
11-15
11-20
Regent Knitting Mills, Ltd.-*-
.
Extra
Otis
12-15
12-15
$5
11-15
$1
Ohio Power, 4(4%
11-15
12-1
preferred A (quar.)—;
$1(4
Corp. of New Jersey—
preferred (quar.)_.—$1(4
6%. preferred (monthly)
50c
4
/7% preferred {quar.)4i,v_L4*4__-i_«-_^'4''-"'$l%
8% preefrred (quar.)
—
$2
Public Service Elec. & Gas, $5 pfd. (quar.)_
$1(4
7% preferred (quar.)__
$1%
Puget Sound Power & Light, $5 pfd. (quar.)
$1(4
Purity Bakeries Corp. (year-endj
$1.35
11-20
Public Service
12-15
25c
&
11-15
Rayonier, Inc.
(reduced)
:
—
Reading Co,, 4% non-cum. 1st pfd. (quar.)__
25c
Ohio River Sand
41a4c
IMS
3
$$1V2
Nu-Enamel Corp. (quar.)
7 (4c
Ogilvie Flour Mills, 7% pfd. (quar.)_______
t$l34
Common (quar.)
____—125c
■
11-24
12- 1
5
—71%c
(irreg.)
75c
$1V2
$l(2
Ohio Oil
11-18
11-20
12-10
12-10
25c
11-27
iv 3
pfd, (quar.)—
pfd. (quar.)
12-1
11-19
(quar.>__
12-
(quar.$1V2
Telegraph Co. (s-ai
$1.50
7%
12-10
12- 1
12- 1
12- 1
II-
■
25c
Co
8%
Common
Scotia
1- 1
l-l
12-15
50c
58(4c
-
1
Norwich Pharmacal Co.__——15c
Ontario
10c
Michigan Public Service Co., com. (quar.)
6%
preferred (quarterly)
8% junior preferred (quarterly).
Miller &
•
12-20
11-15
L__-
12-15
12-
held
Ltd.—
Co.
12-20
$1(4
(accum.)
12-23
(s-a)—.—$2
Mines
1-15
1-15
12- 1
1- 1
5%
Reliance
(quarterly 1
"
(quar.j_
$1.75
(quar.)
Car
Central Ry,
Co.
11-15
6(4c
62(4c
$1(4
pfd. Jquar,)_____
pfd.
preferred (monthly)
preferred"- (monthly)
preferred (monthly)______
7%
■
Metal & Thermit Corp., common (quar,).
^referred
Insurance
preferred
5%
6%
;
11-15
12- 1
12- 1
Colorado—
$$1
$2
$2.50
(quar.)
shs,
(quar.)
11-26
10c
(quar.)
100
Corp., common
preferred B
12-10
8iy4c
common.
11-10
75c
1st
11-29
preferred A (accum.$8Va
$3y4 partic. preferred
Participating
each
(quar.)
6%
11-10
11-15
12-
11-20
11-10
11-15
1
11-10
11-26
11-20
Merritt-Chapman & Scott—
Metal
for
preferred A
Empire
5%
6%
Light,
10c
.-
$6
11-10
1
12-
11-20
11-12
1
$iy2
5
11-15
12-
-$1%
(quar.)....;
Meadville Telephone, 5% preferred (s-a)
Merchants & Miners Transportation (quar.),
6Vv%
com.
American Car
15c
•
11-
$l,/2
;
common
1st
$1,079
common.......
11-19
12-15
12-
1- 3
1
12-10
11-15
f$l.ll
12-
Northrop Aircraft, common (initial)—______
40c
Northwest Bancorporation ______25c
Northwestern Public Service, 7% pfd. (quar,)
$1%
12- 1
...—;
Robbins Inc.,
&
:12-14
11-12
11-30
12-1
12-31
3
$20c
11-15
12-1
1-
75c
Northern
12-
4334c
(quar.)
11-20
Northern
12-1
(quar.J55V2C
pfd.
1-15
U-30
12-20
50c
_.—;
McClatchy Newspapers, 7%
Mclntyre Porcupine Mines
$1
11-30
25c
;
11-15
11-19
75c
Department Stores.
Kaiser Co._
McEwen
11-15
North
••-'v
$7
1
11-25
Northeastern Water & Elec., $4 pfd.
35c
....
12-
25c
11-10
$iy8
(accum.)
1-15
11-19
$1(4
$6
River
Electric
Purolator
preferred (quar.i
534% .preferred 1 quar.i
Nova
.
1
2-
11-15
1 sh. of Pacific Gas
Norwalk Tire &: Rubber,
/
11-30
11-30
12-10
(subject to approval of the SECi
North
12-15
12-1
$1.25
end)
(stock div.)
12-25
L___
Public Service Co. of
5%
11-15
...
12-10
5%
Procter & Gamble Co.,
Co.—■
1-1
....
12-23
50c
•:
(initial)
12-10
Hegeler Zinc—
preferred
12- 3
Public
4
$1V4
$1
(quar.i
Ry.
50c
(quar.)
Co.
2(4'%4
11-16
Boc
Southern
Electric
&
11-15
12-
1
11-15
:
70c
preferred (quar.)
2nd preferred (quar.)_
12-15
11-15
|75c
1st
12-15
11-24
12-15
12-1
common.—25c
Car,
Public Service Co. of Indiana, com.
8r'<>
2
5%
Steel
11-19
1$l>/2
______
12-
12-15
12-15
12-15
12- 1
12- 1
$1.37(4
$2c
5(4%
Powell Rouyn
11-30
Dock—
:
(year
Mines
Common
11-15
3
11-16
Gas—
&
(quar.25c
common
75c
87V2c
(quar.)—_4_—______—_ $1.27V2c
preferred
American
North
12-24
11-
60c
1
•
——————_______
State Elec.
Northwestern
Ordinary registered (interim)
____________
Massachusetts Plate Glass Insurance (s-a)._
.
.$1(4
12-
Elec. Lt. & Power Co.—
Norfolk
Marconi Int'l Marine Communication Co., Ltd.
Masonite
20c
•
_•—:—
Norfolk & Western Railway,
12-15
12-
11-30
'
9-30
4
12-15
12-15
_____——_4—__
9-30
12-
1
Pressed
preferred (quar.)
Shipbuilding Corp.—-
York
5.10%
12-15
1
11-18
1
50c
Participating stock
New
11-20
1212-
12-
11-20
non-cum.
York
Founders shares
11-17
12-20
12-20
1
Niles-Bement-Pond
12-15
1-3-44
1- 3
1- 3
12-15
12-15
11-20
12-
$1.75
12-11
25c
20c
50c
$1.50
50c
$1.50
$1.62(4,
12- 1
preferred
Pollack
11-20
Common
2
.'
.
(quar.)
$1%
Development, Ltd., (interim)
25c
Paper Box Co., 7% pfd. (quar.)
$l3/4
Poor & Co., $1(4 class A pref. (quar.37(4c
$1(4 class A preference
4
$1
4
(This payment clears all arrears)
4'
4
Potomac Electric Power Co,, 6% pfd. (quar.)
$1.50
7%
Placer
12-11
(irregular) _________
York Mutual Telegraph Co. (s-ai
20c
—__—.
11-9
11-15
Central RR.
(quar.)....—$2
Loomis-Sayles Mutual Fund..
—......
Loomis-Sayles Second Fund (quarterly)
Lord & Taylor. 6%. 1st pfd. (quar.)
I
11-23
12*1
11-15
—
York Air Brake Co.
12-21
$144
12-15
12-10
11-15
pfd. A (quar.)__„
New York Auction Co
Jersey
12-24
(quar.)——
$2(4
$1%
$5.50
Pittsburgh & Lake Erie RR. (irregular)—Pittsburgh Plate Glass Co. (year-end)
Pittsburgh Steel Co., 5(4% prior pfd. (accum.)
Pittsburgh Youngstown & Ashtabula—
1
preferred (quar.)
Zinc Co. (irregular)
conv.
1-15
12-31
.....——.
11-19
1
preferred (accum,)
preferred (accum.)
Shipbuilding & Dry
12-31
.
12-10
12-10
_____
12-17
——
12-11
11-15
11-15
1- 3
England Public Service Co.—
Newport News
Common
10-14
12-"1
12- 1
1-4
(quar.)
(quar.)
25c
:
11-30
12- 1
preferred
preferred
12-
partic. cl. A (accum.)
(quar. I
11-10
11-15
12-
(quar.i
————
Common
11-24
Inc.
Bros.
11-1*5
25c
preferred (quar,i__
Co., 5%
11-19
11-19*
$134
J2V2c
$1.25
.
Neiman-Marcus
11-5
$1
$11<2
Co.
11-12
12- 6
12-31,
15c
preferred (quar.i_
Gold Mines—____________—__
Power Corp. of Canada—
6% non-cum. partic. preferred (quar.)
6% 1st preferred (quar.)____
Prentice-Hail, common (quar.)_—
6% preferred (quar.)
preferred (quar.>
;
^
Negus Mines .Ltd. (interim)
1
12-31
2(4%
i—-25c
Nestle-Le Mur $2 cum.
11-24
11-
12-10
25c
(quar.)„___——
7%
1
11-20
$2y2
$1V2
$lVt>
$1.75
(s-a)
preferred A (quar.)__
Machinery
11-12
11-
11-12*
12-15
20c
preferred (s-a)_
$4V2 pfd. (quar.i
Co., 7%
Rubber
National
$4
participating preferred
Participating
Manhattan
National Lead
1
11-20
$1
Co
$5 preferred
2nd
12-21
—■___——
Macmillan Co.,
12-
5% non-cum. 1st pfd.
non-cum.
$5
5%
Ludlow
3%
11-30
25c
.
National Gypsum Co.,
New
Longhorn Portland Cement—
Los
National Erie,
11-20
(monthly)
Gas
Star
11-29
11-20
....
preferred
8%.
Lone
11-29
12-14
J5c
(interimt
11-11*
11-11*
75o
11-10
11-16
11-30
$4
Common
1
11-20
25c
12- 1
12r 1
1-10
12- 1
12-1
12-1
.
$1%
11-11
1
9
20c
$1(4
$2(4
50c
$1.75
12-1
7%
11-19
12-
1
—
Extra
1
11-24
12-
Natomas
-
12-
15c
11-
11-15
12* 1
11-12
25c
$134
Biscuit, 7%
Nebraska Power,
—
11-15
12-
(quar.)——_
convertible preferred
National
11-25,
12- 1
$1.50
$3
National Bearings
9
12-15
..
12-
$2
—27V2C
—50c
(quar.)
8
12-10
$1
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
$1(4
Fort Wayne & Chicago Ry.—
Common (quar.)
—__________$1%
(Nash¬
Metals Corp., com. (quar.)
preferred (quar.)
National Container Corp. (quar.)
National Cylinder Gas (quar.)__—
8%
12-21
11-
.
—
Insurance
(quar.)—
Co.
11-10
30c
(quar.).——
common
Tenn.)
12-16
11-15
National Automotive Fibres—
1
1
1
1
1
1
12- 1
7% preferred (quar.)
$13,4
12-1
Link Belt Co., common (quar.,).—...—.— .'
50c
12- 1
6(4% preferred (quar.)—.—i—-—.—
$1.62(4
1-1-44
Lionel Corp.
(quar.)
15c
11-30
Extra
———J
.......35c'.
11-30"'
Liquid Carbonic Corp., common (quar.)____
25c
1- 3
Extra
25c
.1-3
4(4% preferred A (quar.)
:$
$1(4
2-1
Little Miami RR. Co., special gtd. (quar.)..
50c
12-10
Original capital
(quar.)
$1.10 i 12-10
Loblaw Groceterias Co., Ltd., class A (quar.)
+25c
12- 1
Extra
$12V2c
12- 1
Class B (quar.)—...—.-.w.——-. '
+25c
12- 1
Extra
$12(40
12- 1
Lock Joint Pipe, common (monthly)———
$1
11-30
Inc.,
Stores,
ville,
Accident
12-
'
(quar.)..
—______—-—_
————————50c
.Extra
.
Lincoln
Life
National Acme
12-28
II-26
f8iy4c
(quar.i
Chattanooga & St. Louis Ry. Co.—
&
11-
40c
Pittsburgh
Nashville
12-27
'50c
75c
—...
preferred
—
Ltd.—
Nashville
121212121212-
75c
Liggett & Myers Tobacco, common (quar.)..
6y2%
Utilities,
$lVa
75c
preferred (quar.)
Liquidating Co. (liquidating)
Nanaimo-Duncan
v■:.
'
/
6%
12- 1
12- 1
12-15
12- 1
12-15
12-11
11-30
$30c
——
Lake of the Woods Milling, com.
V
Mutual Chemical Co. of America—
12- 1
,
:
Pinchin, Johnson & Co., Ltd.—
Ordinary shares (interim)
Pioneer Securities Corp. (Los Angeles)
Piper Aircraft, 60c conv. pfd. (quar.)___
Pittsburgh Bessemer & Lake Erie RR.—
6%
preferred (s-a)
,
Nabco
11-20
.
Philadelphia Suburban Water, common——
6%
preferred (quar.)____;
Philadelphia & Trenton RR. (quar.)___
Phillips Petroleum Co. (quar.)
Phoenix Hosiery Co., 7%
pfd. < accum.)_
Pillsbury Flour Mills Co
Mullins
.
12- 1
:
(quar.)
Corp.________"_______^__-____ ;
Pickle Crow Gold Mines
'
50c
Manufacturing Corp., 7% pfd. (quar.)
$1.75
Munson Line Inc., $4 pfd. A
;__i_
$2
Muskogee Co., 6% preferred (quar.$1V2
$1(4
25c
preferred
11-17
11-15
special preferred (quar.)——
u;_
15c
12-14
Kroger Grocery & Baking, common (quar.i_;
50c
12- 1
6% 1st preferred (quar.)
—$1(4,'.., 1- 1
7 % 2nd preferred (quar.) ——___
$1%
2- 1
Kuppenheimer (B.) & Co
—'
50c
12-15
Lake Shore Mines Ltd. (quar.)—
t20c
12-15
Lake Superior District Power, 5% pfd. (quar.)
$114
12-1
4
11-10
11-19
12-1
6%
4
11-20
11-20
12-15
11-19
25c
12-
12-
11-30
11-20
12-10
12-15
11-10
12-
11-30
12-14
75c
(quar.)__
1
1
11*20
12-15
Philadelphia Suburban Transportation,,:
8
1111-
25c
11-25
Muskegon Motor Specialities—
$2 class A (quar.)—__
Co.
Dodge
'
11-30
12-
Pfeiffer' Brewing
Pjrelps
11-15
12-15
Mulliken
6%
of Rec.
(quar.25c
Exploration Co.
Co.,
Holders
12-10
—
1
12-
Payable
50c
(quar.i
4'
Pettlbone
'
Murphy
(G. C.)
Inc.
Extra
Pfaudler
12-
Moore
:•
.'; ,•'.
^
Paul
Peter
12-16
share
,
.
31(4c : 11-29
Pensylvania-Dixle Cement Corp-4'
' "
"
1
:: '
;
1
$7 conv. preferred series A. (accum.)______
50c
12-15
Pennsylvania Electric Co,—
4.40% preferred class B (initial)
;
$1.10
12-1
5.10% preferred class A iquar.i
$1.27(4
12- 1
Pennsylvania RR. (year-end)
$1(4
12-13
Pennsylvania SLate Water, $7 pfd. (quar.)__
$1%
12-1
Peoples Telephone Corp,, 41/2.%; pfd; (.irreg.) : ,*. $1
"12- 1.
Perkins Machine & Gear, 7% pfd. (quar.)__
$1%
12-1
11-10
preferred C (s-a)
_____
preferred A .(s-a)i—
—
$4.50 preferred B (s-a)
—
Montreal Cottons, Ltd., common (quar.)____,
$$1
7% preferred (quar,)
___________1$1%
Montreal Loan & Mortgage (quar.)
—
}31'/4c
Montreal Refrigeration & Warehouse—
Company
Pennsylvania-Central Airlines Corp.—
$1.25 conv. preferred (quar.)__-T_-______'
11-26
12-10
40c
common
Co.,
(quar.)__
$4.50
11-10
12-
pfd.
5lk'/o
Society,
11-20
34%c
75c
$2
$2.25
$2.25
—_
Tool—
Machine
11-15
75c
Mills, Inc
Carpet
Loan
$4
12-15
11-30
12-10
20c
—-—
—
Mohawk
Monarch
11-19
Wh en
Per
Name of
of Rec.
*f$l
50c
Ltd..,
Co.,
11-18
12-24
12,-10
12- 1
.
25c
$l3/4
$1
25c
•.
_______——
*7% preferred (quar.)
Koering Company
(irregular i
Kresge
•
(Robert)
11-23
12-1
12-10
20c
12- 6
2c 1-15-44
$1(4-:. 11-24
—
.
Mitchell
11-15
Hol&eri
share
Name of Company
of Reo.
12-15
12-15
(year-endi
—25c
Kayser (Julius) & Co
.
,
25c
Kendall Co., $6 partic. preferred A (quar.)„ ,4
$1(4
Kilburn Mills (quar.)
'$2
Common
King-Seeley Corp. (irregular)
Kingsburg Cotton Oil, common—————
Kinney (G. R.), $5 prior pfd. (accum,)
Holder*
Monday, November 22, 1943
Pulp,
common
(quar.)
(quar.)
Bend Lathe Works
15c
—:—
;
(irreg.)
50c
$ll/2
75c
,
1,
11-20
12-
1
11-24
11-24
11-15
11-30
11-15
11-15
1
Volume
Number 4231
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Name of Compana
share
Southeastern Greyhound Lines,
Extra
:
,
Common
Extra
6%
1
Name of
of Re0.
12-
1
U.
1
2-15
3-
1
12-
1
6%
preferred B
Southern
(initial)-
1V2C
—
_
Southern
Natural
Southern
Railway
5%
Co.,
Mills
Co.
1
2nd
preferred
12-15
12-
$2
11-29
1
1
11-23
Standard Accident Insur.
12-
12-
$4.50
Erands
12-
preferred
Common
(quar.)"—
preferred
—
62'/2C
4
11-23
Vogt
—
25c
12-15
11-25
Vulcan
12-15
11-25
$1.12%
(initial quar.)
12-15
12-
12-
11-15
——
Standard Cap & Seal, $1.60 pfd. (quar.t—
Standard Dredging Corp., $1.60 pfd. (quar.)
Standard Oil of California.(year-end)_______
Standard
Oil
40c
1
Oil"
Standard
Extra
(Indiana)
Co.
(New
'
Gas
Jersey)
for
each
shs.
10
1
1
11-20
Waite
12-15
11-15
Wabash-Harrison
Amulet
Common
12-15
11-15
Walgreen
12-15
11-15
4% %
50c
12-15
11-15
Walker
50c
12-15
11-15
1-15
12-31
Wamsutta
Ware
——
11-30
87%c
Standard Stoker Co.
12-15
11-30
12-
11-18
50c
_____
1
60c
12-15
12-
$1%
12-31
115c
Brothers,
Ltd.,
common
6% conv. preferred (quar.)
Sterling Brewers, Inc. (irreg.)_
Sterling Drug, Inc. (quar.)
Stewart-Warner
Corp.
<quar.
1-
2
J75c
11-24
11-
75c
/
_________
1-3
50c
—i—
12-
1
11-15*
12-
■'
Furniture
25c
5%
preferred
Stuart
■
(D.
Cass;A
Sullivan
sun
Oil
A.)
partic.
Co,
12-
1
11-10
12-
1
11-15
12-1
11-15
$1.62%
Oil Corp.-
Sunshine
Superior
Tool
Swan-Finch
(quar.)_
&
£
:
11-27
11-17
10c
—
Oil, 6% preferred < quar.)______
37 %c
12-
1
11-15
50c
12-
1
25c
11-22
11-12
25c
11-22
11-12
Industrial Corp.
Goid
Mines
Symington-Gould
•v
(quar.
(quar.)
Corp.
Terre
11-22
Corp. _V—
Water Works,
Texas Gulf Sulphur Co.
pfd.
Auto
Grocer
Western
N.
11-29
11-10*
12-10
11-30
12-10
12-
5%
12-14
11-23
12-
11-10
1
5%
Texas
Coal
Pacific
&
Land
Oil
Roofing,
Tivoli
Roller
Brewing
Toburn
Co.
Trion
2-
1
1-17
12-
11-24
1
12-
1
11-12
12-15
11-26
12-15
11-26
50c
.
commpn
12-
1
11-20
50c
12-
1
11-20
12-
1
11-20'
+66c
12-
7
11-25
$1%
,
12-
1
11-22
$1.75
(quar.
(quar.)
11-30
12-15
12-
20c
•
12-
12-10
$1%
__
12-12
20c
(s-a)__
preferred
10-95
58 %C
——
Coal, common——-.—
preferred (quar,
Company,
11-20
11-22
11-19
41%c
(monthly)—-
pfd. iquar.
1st preferred (quar.)—
RR.
12-10
tic
V
12-4
30c.
Truax-Traer
5%%
11-13
15c
(irregular)—
$6
11-13
6
10c
(monthly)
Greenbush
12- 6
12-
,
35c
———-
Company,
&
Westvaco
$2V2
(monthly
Toronto Elevators, Ltd., 5%%
Troy
Weston
11-10
$1%
——,_i____
Mines, Ltd
Toledo Edison, 5% preferred
Trane
11-10
;
Gold
6%
preferred
7%: preferred
1
1
(quar.)——
preferred
Bearing-
12-15
12-4
1
4
20c
7'«
Union
Tank
206 South
Car
La
Salle
Street
Amusement
Corp.
ciuss
b
4
11-30
11-9
12-
11-15
1
1-3
50c
(quar.)
Aircraft Corp.,
United
4
12-
75c
__
United
12-
12-15
10c
(irregular)
Co
12-15
$13'4
Triumph Explosives, Inc.
12-18
————
12-
11-30
11-30
12-
1
United
Chemicals, Inc., $3 pfd. (quar/)
CJgar-Whelan Stores, $5 pfd. (assum.)
$iy»
11-18
United
Fuel
$75c
1-3
class
United
Gas
25C
75c
12-
preferred
Corp.,
11-
(accum.)———
Light & Railways Co. (Del.)—
7%
prior preferred (monthly)
6.36% pieferred (monthly).—
—
12-
$3%
1'
11-
8
58 %c
12-
1
11-15
53c
12-
1
50c
12-
1
58 %c
1-
3
53c
3
$80,0^0,000
11-15
.
$1.75
2-29-44
2-14-44
5-31-44
5-15-44
8-31-44
8-15-44
the Chicago District, $57,000,000 in the
District, and $45,000,000 in the Boston
District; the total decrease /at all reporting member
banks was $708,000,000.
Deposits credited to domestic banks declined $38,000,San
12-
$1"
1
11-15
12-
1
1
11-20
12-
1
000 in New York City, $19,000,000 in the Chicago Dis-/
trict, and $20,000,000 at all reporting member banks, and
11-20
12-
11-20
12-16
I-
12-
3
increased $25,000,000 in the Atlanta District, and $20,000,000 in the Dallas District.
A summary of the principal assets'11 and liabilities of
6
12-15
12-
1
11-15
43 %c
___
12-
1
11-15
12-
1
11-18
25c
common
/;
12-31
Increase (+) or
Decrease (—) Sine#
1-3-44
Loans
12-20
and
50c
12-15
$1
II-30
11-10
SI
11-30
Loans—total
II-19
___I
12-10
11-26
Loans to
1
11-10
Other
12-10
11-12
50c
'
12-
3
9
Loans
12-27
1-
in securities
1
12-11
of
indebtedness
U.. S.
1-
2
12-
Obligations guaranteed by U. S. Government
.Treasury, notes
1
1-
3
12-11
Other
1-
3^
12-11
Reserve with
Cash
2-15
1-31
4-29
1834c
8-15
7-31
25c
securities
in
Liabilities—
Demand
deposits-adjusted
deposits
11-19
1
11-30
12-
1
11-10
Interbank deposits:
Domestic banks
■
(Rudolph) Co. (IrreglZrilZZZ
Yale & Towne
Mfg. Co. (special)__.__
Quarterly
/
32,039
U. S. Government deposits
1-
3 .V, 11-26
—-
5,999
11,462
8,798
——
784
Foreign banks
50c
12-
1
11-20
2-
1
1-20
Borrowings :
50c
4-
I
3-20
Debits
50c
12-
1
.11-20
40c
12-
1
11-10
during
15c
12-
1,
11-10
aNoy.
to
43
/__../'
demand
interbank
deposit
and
U.
S.
.
.
.
38
■
'487
806
4
33
+.-'
3
+
77
___
118
+.
,
5,967
\v
^29
.
/..■
3
50c
.
2,236
—
/ '"■ '
12-
$6,4c
+
547
—
domestic banks,
12-
"
40c
;
vault
—
8,472
.
Time
Common
———
643
+
+.
■
1
+
5,827
+
18
14
1,830
2,836
Federal Reserve Banks—;
Balances with
—
17,618
bonds—.___.___4_.___i."!
1,345
+.
*—80
*—
4,917
11-15
11-10
4'; 5-15
182
—228
9,190
/
1
1
1834c
(quar.)
~
Wright-Hargreaves Mines, Ltd. "(reduced)Z
Wrigley (Wm.) Jr. Co., common
50
14.
4,177
12-
183/4C
W.)
85
—
5
+
1,384
—
12-
3%
469
+
—2
■
84
——
Treasury bills
Treasury certificates
12-11
25c
*
167
1,057
+
—100
1,127
f25c
I_
96
—
836
—
$1
(quar.)
1,601
carrying
$1%
I_
1,142
■y
'
7-
Wurlitzer
dealers
purchasing or
Other loans
12-11
1
1-
$1.75
__
7
'
$1
—
(s-a)
+ 14,360
+
..
'
banks————_—__/—-
to
25c
(quar.)_________
agricultural
and
loans—
Real estate
11-
1
for
securities
12-15
$1% :
(quar.)
brokers and
loans
12-
37 %C
industrial,
—
6,451
12-
$1%
Common
11-11-42
—591
—214
11,483
11-10
35c
I
11-3-43
52,051
.——
Commercial,
50c
pfd.
Investments—total—
:
(quar.)
(year end).
11-10-43
Assets-
/
Woodward Governor Co.
(quar.)
Woolworth (F. W.), Ltd.—
(F.
3
dollars)
12-31
1-
millions of
(In
11-20
3
reporting member banks, and of debits to demand de¬
posit accounts, follows:
.
■'
Woolworth
1
1-
$1 v4
preferred
Products
12-
$1%
(s-a)___
in
Francisco
accounts
Gov't
+
265
+
22
780
—708
'/+■' 9,147
—-
—
—
+
20
3,112
■
423
9
+
13
.
94
+
37
except
accounts,
week
3
11,955
figures
(Chicago District).
revised.
Yi-v
1-
3
$1%
1-3-44
preferred (quar.)
$l'/4
4-1-44
3-15-44
5%
preferred
$1V4
7-1-44
6-15-44
50c
12-15
12-
4
12-18
11-
We give below
4
a
record for the week
just passed:
12-17
5%
world.
12-15
preferred (quar.)
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the
buying rate for cable transfers in the different countries of the
12-15
50c
6%
preferred
5%
:
(monthly)_____
Merchants
United
&
Mfrs.—
(quar,),.
(quar.)/——
Molasses Co,, ordinary
United
United N. J. RR. & Canal
(interim)..
preferred
7%%
$2%
pfd. (acc
.)
(accumulated)——.
S.
Casualty Co., 45c conv. pfd. (s-a)—
Cold Storage Corp.—
4%.partic. preferred (quarterly)
12-101
12-10'
22 %C
-
States
preference
S.
Playing Card
tr.
S.
Rubber
(quar.)—..
8%
S.
$5
preferred
11-16
12-23
12-31
12-15
1-
3
12-
1
11-19
12-15
11-12
50c
1-15
12-10
50c
$1%
6.4%
1-
1
4-10
11-12
12-20
1-
1
11-30*
12-16
50c
(quar
———
....
•
preferred A (quar.)..
12-
$2
-f
12-17
12-17
12-
$1.25
1-15-44
1-
3*
$1.25
$5 preferred
in New York
Nov. 13
Nov. 15
Nov. 16
Nov. 18
Nov. 17
"
$
$
$
.297733*
.297733*
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
i .251247*
3.228000
.060586*
Free,.
.051275*
Official
.909090-1
Free„
Colombia,
(British),
Mexico,
rupee..
4.035000
peso
:
3.228000
.060586*
.060586*
.060586*
.051275*
.051275*
.051275*
.051275*
.051275*
.909090
.896875
.896875
'
''
-
.909090
.895781
.572766*
.572766*
>5'
.301215
3.228000
.060586*
.909090
.
.572766*
England, pound sterling______
India
it.
.897421'+: (
peso
3.228000
3.228000
.060586*
.572766*
.909090
.895178
.572766*
.909096
.893281
.572766*
4.035000-
4.035000
4.035000
.301215
4.035000
.301215
.301215
.301215
.205800
.205800
.205800
.205800
4.035000
.301215
'
.205800
.205800
Newfoundland, dollar50c
(quar.)
1930
Value in United States Money
3.228000
Official
Official
.909090
Free
;
;
•
L—
preferred (quar)
6.4preferred A (quar.)
6.4% preferred A (quar.)
5-15
TO TREASURY UNDER TARIFF ACT OF
INCLUSIVE
.251247*
Free_;
12-15
50c
-
(year-end).
$5
1943,
Noon Buying Rate for Cable Transfers
Canada, dollar—
Co.—
_
Sugar Corp.,
preferred
RESERVE BANK
18,
.297733*
Australia, pound
75C.
(quar.T___—
Co., common
NOV.
to
Brazil, cruzeiro-
12-29
$1%
50C
U.
FEDERAL
12
$
Official
11-24
1-41-24
50c
'
*
United States Pipe & Foundry
i-
50C
--*•
Convertible partic, class A (irreg. )__„_
prior
BY
..
preferred
7%
CERTIFIED
Nov. 12
Argentina, peso—
'■
Gypsum, common (quar.)
(quar.).
U. S. Hoffman Machinery, common (irreg. i
.)
7%
RATES
Country and Monetary Unit
'
S.
United
EXCHANGE
NOV.
12-20
1-10
$2.25
$2.06 y4
(quar.,)—.
United Public Utilities Corp., $3
$2.75
FOREIGN
t.
Common
"U.
principal decreases being $322,000,000 in New York City,
11-30
25c
12-15
1-
•
—....
U,
1
11-15
25c
(quar.)_____
11-15
.«*1
prior preferred (monthly).—.
7%
prior preferred (monthly)
6.36% preferred (monthly)
_j._—....
U.
12-
12-10
11-23
$iy4
preferred regis,
in
11-16
1
$1%
(quarterly)
Winters & Crampton Corp.—
7%■;.conv. preferred (quar.)
6%
$156,000,000
1
37V2C
iquar.)
preferred
increased
12-
$1%
(quar.)
conv.
deposits-adjusted
City, $51,000,000 in the Chicago District, and
$265,000,000
12-
$5c
Extra.
7%
declined
12-10
'+20c
(quar.)___
6% pfd. (quar.)__i^.:.
tlowat
preferred
securities
at all reporting member banks.
United
States Government deposits declined in all
districts, the
r.'-:1".':
Wilkes-Barre Lace Mfg. Co.
(year-end)___.
Williamsport Water, $6 preferred - (quar. )
Wilsil. Ltd. (quar.)
11-15
_____
6%
,
11-15
New York
.;
7%
conv.
in
dealers
$1.75
/
:
7%
and
$1.75
i-/;.
Electric Instrument
Oil
brokers
8
12-10
United
•
1
week
Pursuant to the
< quar.)__
$7 pfd.
12-
following principal changes for the
$1.75
Weyenberg Shoe Mfg. (s-a)
Wheeling Electric, 6% preferred (quar.)___
Whitaker Paper, common
(quar.)
Wiser
tax.
25c
common
preferred (quar.)
Whitman (Wm.) Co., 77o
VRmf
source.
income
20c
Stationery—
Chlorine
the
11-10
1
Investments—
A
partic.
at
British
11-16
$l'/4
6%
11-15
■■•/: 10c
Ry„
'a Less
$50
(liquidating)
11-16
12-1
11-15
1
$2.50
(s-a)
Pa.
deductible
7%.
11-15
11-15
1
of America, common.——
preferred (quar.)——_—
United
7'/v
,
11-30
12-
11-15
+40c
.
$l'/4
?40c
:
5% conv. pfd; (quar.)
Corp., class A
United Biscuit Co.
5%
&
to
Demand
/
Westinghouse Air Brake
common
convertible
Timken
12-
12-
15C
Water, $6 prior preferred (quar.)
$1.40
12-
$15
($100 par)——/■1__.'
Thermatomic Carbon, $5 preferred (s-a)
Tide Water Associated Oil Co. (quar.
Tilo
12-1
10c
__
12-15
12-15
Trust—
Sub. shares (SI par)
Certificates prof. int.
Texas
(quar.)
11-15
32 %c
Telegraph, class A (initial).
Westinghouse Electric & Mfg., common
20c
Pacific
I-15
11-15
com-
Union
25c
Texas
V.
Co,
preferred
Western
1
1
1
11.-30
$1.25
preferred
Supply
Western Tablet &
1
2-
12-
$13
preferred (s-a)
50c
(quarterly)________
guaranteed
convertible
tax
000,000, in the New York District outside of New York
City, and $228,000,000 at all reporting member banks.
Holdings' of Treasury certificates of indebtedness de¬
clined $58,000,000 in New York
City and $80,000,000 at
all reporting member banks.
4
Michigan Steel Foundry—
$1.75
Western
$1%
(quar.)
West
Western
: 25c
___
7%
Special
7
75c
Hydro-Electric, class B (s-a)
Coast
funds,
resident tax,
Holdings of Treasury bills declined $75,000,000 in the
Chicago District, $40,000,000 in the Boston District, $36,*'
9
67 %c
(quar,)/
(s-a)
preferred
11-10*
10c
—
Haute
(s-a).
iquar.)
11-15
50c
—
Products
'Tennessee
1-15
25c
10c
—
Tecumseh
t3c
•
(year-end)—
Tampax, Inc. ^
Taylor Milling
-
11-23
Telephone,
West Indies Sugar, common
(irregular)
West Jersey & Seashore
RR., common (s-a)
11-15
Sylvanite
12-
&
partic.
Canadian
15%;
this dividend.
dividends,
000 at all reporting member banks.
12-4
12-
Snowdrift Co.—; •''..
$4 convertible preferred (quar.)
West
11-12
12-15
11-26
11-20'
12-15
12-15
12-15t
Swift International Co., Ltd. dep. rets, (quar.)
Sylvania
Ltd.—
25c
preferred
12-20
1
11-15
11-15
$134
11-26
West Canadian
Loans
12-4
12-15
80c
12-
12-11
12-15
7%
11-20
12-15
12-15
50c
Wesson
10c
—
Die
$1
40c
common___j_„.„___^__
11-15
.12-13
11-10
11-
11-15
10c
,
12-10
12-15
25c
____
Mining
|20C
11-12
1
50c
Sun ray
for
$78,000,000 in New York City, $15,000,000 in the Cleve¬
land District, and
$96,000,000 at all reporting member
banks.
Other loans for purchasing or
carrying secur¬
ities declined $72,000,000 in New York
City, $10,000,000
each in the Atlanta and
Chicago Districts, and $100,000,-
12-15
11-25
Oil
closed
accumulated
deposits-adjusted.
3-10
12-15
7%
(quar.)—
4-10
(s-a)_
50c
12-
1-10
4-20
12-29
Washington Tin Plate Co.
Oil Works,.:
7%
4
Decreases of $228,000,000 in
holdings of
Treasury bills and $708,000,000 in United States Govern-'
ment deposits, and an increase of
$265,000,000 in demand
12-10
1-20
m
Engineering
Welch Grape Juice
Co.,
7% preferred (quar.)__:
not
of
in
ended Nov. 10:
11-15
3-20
$1.12%
preferred (quar.)_.____
preferred (quar. 1
J20c
(quar)——
(irreg.)________—-
1
12t20
$l3/4
Wellman
.
4-15
spa
Waverly
11-18
Co.—
preferred
Machinery Co.
Oil
11-10
11-18
11-29
50c
Strawbridge & Clothier.6% prior pfd. (quar.)
Stromberg-Carlson Telephone Mfg. Co., com._
6%% preferred (quar.)_
+
1
11-29
$1%
—
12-
.
ownership of
(irregular)
preferred
12-
The condition statement of
weekly reporting member
of the Federal Reserve
System in 101 leading
12-13
$2%
$1%
.__._j__j.__..,,
beneficial
account
cities shows the
7-15
12-22
(quar,)________.-W._...__
stock
mon
12%C
is-ai
(quar.)
5-1-44
Swasey..^
units
4
12-15
banks
4
1-15
50c
5%
12%c
Storkiine
11-
8-1-44
15c
Co., $1.35 class A
12-
1
30c
Mfg.,
Bros.
Partic.
6
11-15
1
11-15
Mills
&
Warren
12-20
12-
2-1-44
(quar.).^
preferred
1
Condition Statement of Member Banks
11-12
12-
37 %C
end)
(year
1-
Jamaica Income tax.
•Transfer books
11-18
12-10
$1
(Northam) Corp., $3 pfd. (quar.)__
Washington Railway & Electric Co. (,rreg.)_
12-20
3
2
50c
Warren
_____—
12-
|25C
6%
7% / preferred
12-17
Stedman
Co.,
Shoals
Warner
Quarterly
i—
Stecher-Traung Lithograph Corp.—
■5%-.preferred (quar.)—
$1
37 %c
(quar.)
Gooderham & Worts,
11-20
$1%
11-18
1
Extra
Standard Wholesale Phosphate & Acid Works
■
1
12-
40c
Walworth
12-15
Corp.
common
12-15
12-10
12-
37 %c
(interim)
Less 30%
11-10
12-20
$1.75
(quar.)
preferred (quar.
11-15
50c
11-24
$1
(reduced)
Mines
Co.,
(H.)
7
12-
45c
(quar.)..
preferred
12-15
$1.25
resident tax,
Common
$1
(Ohio), 5% pfd. (quar.)—
(increased)'
11-27
-
Detinning Co.,
12-
heldt
^Payable
$1%
common (irreg.)..
/i
(irregular)
7% preferred (quar.)
7% preferred (quar.) ..lj..
(1 sh. Consolidated Natural
Standard Oil Co.
12-24
62 %c-
Manufacturing
25c
(s-a»——
12-27
1-3-44
....
(quar.)
65c
————————
Stock dividend
1-1-44
$1
11-12
50c
1
x
l
'
iquar.)
40C
(quar.),-——
11-13
12-
tOn
Common
25c
Co,
11-27
5
12-
50o
12-
;
of Reo,
+2c
Quarterly
75C
....
6%
1
55c
Standard
11-15
(quar.)...
Virginia Coal & Iron (quar.)_-_.__._____j.
11-20
12-15
$1%
11-20
1
J2%c
Virginian Ry., 6% preferred (quar.)
6% preferred (quar.)
11-23
12-10
$iy8
—
pfd.
(quar.)
(Detroit) (quar.)
1
50c
(accum.)
conv.
1
Vick Chemical Co.
J.l-23
12-
12-
62 %C
Holder*
Payable
5%% preferred A (quar.)
Zion's Cooperative Mercantile
Institutions-
$1
Vanadium-Alloys Steel Co....
Vapor Car Heatibg, 7% preferred
11-24
12-
$1%:
11-15
3
12-
,
.....
4
$1%
Spencer Kellogg & Sons
$4%,
1-12
$iy2
(quar.)——
/
12-
When
share
Company
Young-Davidson Mines, Ltd
Youngstown Sheet & Tube, common___
62 %C
(quar.)
Valspar Corp., $4 conv, preferred (accum.)._
Van Norman Co. (year end)
Van Raalte Co., common (year end
„
7% 1st preferred (quar.)
1
,
(quar.)
Inc.,
.Common
12-13
11-15
1-14
common
Mines,
......
11-15
12-24
Name of
11-19
25c
(quar.
...
(Dallas)—
1st preferred (quar.)—
preferred——
2nd
$5.50
12-
12-15
m*r
of Rec,
$1%
.....
2085
Holder*
12-20
15c
.....
Ltd. (interim).......
Upper Michigan Power & Light—
6% preferred (quar.).
Utica Knitting Co.—
5% prior preferred (quar,)..
11-15
1
Laboratories,
Upper Canada
5
50C
Spear & Co., $5.50
Spiegel,
12-
11-
$1.25
pfd.__
non-cum.
Insurance
Sparks-Withington Co.—
6% convertible preferred
$5.50
12-20
37yac
(year-end)--—
Quarterly
Spartan
1-20
1-15
35c
Gas
Southwestern Life
■'
2-15
31 y4c
__
_____
11-25
20c
?$i%
——
Canada
partic.
12-15
$1
(quar.)
prior preferred
Universal
Power, common (quar.)-preferred (quar.)_—
Southern California Water, 5% pfd, (quar.)
6% preferred (quar.)
6%
Corp., common
Stockyards Corp. (year-end)
Universal Insurance Co.
11-20
37 %c
(quar.)__^—
Payable
Steel
6%
11-15
Southern California Edison—
Southern California Plastic
share
Company
When
United Wallpaper Factories—
2-15
$1%
S.
United
11-15
3-
12 %c
preferred (quar.).
Per
11-15
25c
.
___________—___—
2nd
12-
37 %C
r__—~
(quar.)
Payable
37 %c
com,, (quar.)
Bolder*
When
ret
4-15-44
4-
3*
$1.25
7-15-44
7-
3*
3
3
40c
12-10
11-20*
40c
3-10-44
6-10-44
5-25*
Union of South
Uruguay,
Africa, pound_
.909090
.909090
.909090
.895000
.894375
.894375
3.244203
3.244203
3.244203
3.980000
3.980000
.909090
qOQOOfr
.893125
.891041
3.244203
3.244203
3.980000
3.980000
.892916
3.244203
3.980000
3.980000
peso—
Controlled--
.658300*
2-25*
40c
New Zealand, pound
Noncontrolled—
•Nominal
rate.
.529980*
.658300*
.529980*
.658300*
.658300*
.529980*
,
.529980*
.658300*
.529980*
.658300*
.529980*
.
THE COMMERCIAL & FINANCIAL CHRONICLE
20C6
Seaboard Oil Co, of Del.- -Consolidated
Statement of Condition of the 12 Federal
Three Months
Operating
Reserve Banks Combined
certificates
Gold
from
due
hand
on
and
19,803,215
Redemption fund—F. R. notes
127,950
Other
318,672
cash
————1
—
.;+•
.
18,163
+
Prov.
Interest
bills
33,735
for
int.
30,830
11,355
+
for
Min.
Secured by U. S. Gov't obli¬
gations, direct & guarant'd
discounted-—-...
$1,234,043
17,479
$1,241,306
$1,199,322
Oil
drilling
and
590,267
in
Co.
of
33,735
>,:'[■+
11,355
12,055
Industrial advances
+
478
25.775
~
of
Delaware-
all
Bonds
Certificates
.—
500
+
704,310
—
S.
U.
'+
1,771,250
5,806,106
,—
77.050
—110,677
1.055,850
5,430,101
+
+
from
foreign
assets
1,556
62,196
—
1
1942
Sept.
Jan.
1,773
at
assets
32,297,587
+
+
in
Hibemia
4,526,771
La.,
1,
made,
55,915
be
paid
deemed
to
on
be
.•
Oil
the
it
of
of
Co.
third
+
65,067
—
358.732
exceed
bonds
of
37,599
+:
106,994
for
Delaware,
1942,
Serial
of
Hibernia
and
Bank
Nov.
26;
the above
of that
+
14,402
F
J 450,367
W, 16,500
+
11,629
350,490
—
deposits —.1™——.
14,383,732
availability Items
Other liabs., incl.
+ 100,568
1,505,805
accrd, divs..
;
;
+
+
470
■ •
+
sum
Interest
1,
1943,
•
■
taxes
Net
Capital
31,871,928
+440,541
+
5,053,463
Int.
78,525
78,158
910,464
958,166
11,352
7)
Other capital
79
150,422
160,411
———.
(Section
——
13b)
(Section
+:
7,956
135,851
462
87,997
Net
48
66.7 'b
Commitments
35,140
+
income
indus-
make
to
advances
.3':o
—
■+
5,096,546
Other
341,725
433,759
Federal
237,515
275,997
Fed.
$62,826
5,728
The
Federal
for
reserve
157,
Cost
and
income
excess-profits
year
210,000
15
and Oct.
Nov.
on
158,
taxes
a
liquidating dividend of $1.35
6,
1943,
Period Ended Sept,
1943—44 Wks.—1942
2,479,
were
1943—Month—1942
30—
against
2,459
less
1943
discts,
1942
™J__
Other
Other
1,453,575
18,186
32,775
79,029
47,404
792,605
Net
26',487
345,041
$63,727
$812,469
$7,944,782
8,325,987
4,729,683
$6,940,381
Total
1,566,640
1,398,969
1,061,603
513,855
444,988
6,924
Cr320
tax
663
8,591
21,875
224,339
194,365
404,358
:
391,368
$69,707
$63,064
$803,877
Other
Fed.
$5,993,584
$5,027,877
81,398
50,783
42,798
$5,530,710
charges
&
Can.
$6,044,368
■;
20,510
v
$1,722,942
13,425
Fed, & Canadian
677,610
285.149
535,300
543,319
543,6301
3,879,300
3,643,775
2,254,180J
taxes
exce:
profits
Est.
taxes
606,930
—
post-war refund
Balance
31,227
393,074
$31,83?
$410,803
—V.
158,
for
p.
$191,719
Aug.
mont,
miles
60
electric
also
east
net
Colo.
60,000
1943—Month—1942
15
596,400
596,400
$1,102,587
944,300
695,800
$3,179,396;
Government
§2,330,905;
prepaid and
$4,694,508;
of Sept. 30,
as
At
Aug. 31,
whom
miles
retail
in
extra
An
The
per
of like
directors
23,663
amount
60,000
Net
securities,
inventories
deferred
not
$300,000;
in
items,
excess
$210,827;
accounts
of
cost
notes
or
and
receivable—not
total liabilities,
$16,440,008.—V. 158,
p.
Ended
Oct.
31—
Nov.
30.—V.
158,
p.
1
revenues
intends
to
were
with
taxes
Net
$3,526,493
the
all
1943,
at;
par
100
Co.,
was
$1,008,726
Broadway,
New
Court
so
the
York,
N.
Y.
signed by Federal Judge W. Calvin
for
the
redeemed
same
lien
an
Eastern
shall
not
while
The
District
be
in the
of
cancelled
Virginia,
but
shall
order
-f
i
for
the redemption
Baltimore, Md.
1943, of the U. S. District
the
receivers'
continue
treasury of the receivers
as
certificates
alive,
retaining
heretofore
held
sa:d certificates while in the hands of the previous holders thereof.
—V, 158, p. 1863.
by
Company
farm
customers
4,065
electric
service,
commercial
were
of,
customers,
and
classes of customers.
/
/
.
,
will
mature
in 20 semi-annual,
serially
May 1, 1944, and ending Nov. 1, 1953, inclusive.
agreement
rate
of 3'k
the
which
under
per
annum.
serial
inverse
order
its serial
their
of
in
notes
serial
whole
premium if such
proceeds of ,the sale of capital stock
of property or from
treasury cash in
any.
(b)
the
will
notes
any
money
result, in
date
of
premium
a
yield
a
in
part
unci
be
from
or
excess of
borrowed
or,
(but,
only
prepayment
subsequent to the date of this note
otherwise, with
will
of
amount
or
maturities
$60,000V without
issued
is
in
it
in
will
in
multiples of
front thepart,
made
the proceeds of the sale'
the sum of (a) $500,000
on
unsecured
loans
from
if such prepayment is made
the principal thereof to be prepaid that'
basis, from the, date of such prepayment to the
on
maturity of such note of 2provided, however, that such
never exceed 3f,o, of the
principal amount oi such serial'
prepaid. -+.:■
premium shall
note so
Underwriters
The
of
the
of
names
bonds
principal underwriters, and the principal amount
severally to be purchased by each, are as follows:
offered
Harriman
Ripley &
Bonner
&
Dillon
Forgan
&
Co.,
rnp.L.
$1,300,000
Co
&
•_
Co,.,™.,™:
...
Co..
Weeks„_.:lL~_v„w.
&
200,000
1,000,000
1,300,000
500,000
Wheelock & Cummins, Inc.™™_™
-V. 158, p. 1943.
:.
V
;
..
100,000
1,000,000"
100,000
;
_____
$1,152,367
$1,026,791
478.557
Southern Indiana Gas & Electric Co.
—Earnings—
94,686
485,859
income
income
$666,508
on
preferred stock_____
$548,234
335,678
______
accrued
.1
335,678
Federal
V.
$330,830
_____
common
"Includes—Fed.
share™
& State
excess
______
Period End.
Gross
Sept.,30—
1943—Month—1942
revenue
Operating
$595,840
General
Federal
income
taxes__
._™_
—
profits tax____
•
taxes
t'axes'__
directors
$1,78
260,889
188,650
45,319
/
'
•
reduction of
have
Dec,
1
to
of
declared
on
the
record
a
$6
Nov.
.
Gross
income .™™_'
Interestf/; £tc., deducts.iiVcbmev--g^---t--
Net
Dividends
''
y
Sept. 30—
Net profit after all charges
158,
p.
special
dividend
cumulative
of
pfd. stk.
preferred
per
ptdr:stock
(1,593,731
210,172
168,739
•
$5,336,482
2,015,173
502,130
710,281
591,418
.510,610
$97,448
$83,840
21,921
18,416
224,110
312,117
$75,527
$65,423
$998,744
$694,752
34:358
34,358
412,296
$31,065
$586,448
$1,222^54-1 $1,006,869
exp;
stock,
.412,296"
53,416
payable
—V.
158,
$41,169
.
$229,040
1539,
p.
15.
Southern New
England Telephone Co.—Earnings—'
period Ended Sept. 30—
1943
-
;
share
1942
$237,543
$298,706
$588,904
1943—Month—1942
1941
1285.
Ripley &
Operating
revenues
Uncollectible
Operating
Operating
Co., Inc., headed a group that offered
$5,500,000 Vh% first mortgage bonds, Series
due Nov. 1, 1968, at 102% and accrued interest.
Asso¬
Net
ciated
—V.
Nov.
of
Balance
$1.50
Southern Colorado Power Co.—Bonds Offered—Harri¬
man
op
-
Sloane-BIabon Corp.—Earnings—
9 Mos. Ended
—V.
62,261
1943—12 Mos.—1942
$7,046,748
2,584,729
760,457
603,855
281,120
Inc.—Pays Part of Accruals—
arrears
holders
63,741
profits taxes
Amort,
The
159,763
'
income
excess
$474,605
224.477
expenses
$212,556
$2.78
_____
158, p. 1772,
Skol Company,
in
Chesnut of
Order dated Nov. 9,
27,756
rural,
in other
notes
will bear interest at
notice
$932,104
.
143,640
deductions
Balance
■
outstanding $12,841,600 receivers' certificates due Feb. 1,
series, have
been called for redemption as of Dec. 16,
and int. Payment will be made, at The New York Trust
Under the terms of
furnishes
Company
territory.
and
the
commencing
written
2,458,628
was
i
of
.
The first five semi-annual installments will bear interest at rate of 2%
%>.
per annum; next five semi-annual installments will bear ihteresf at,
$3,390,733
;
:
of
$10,860
delivery of the bonds now offered, company,
to Guaranty Trust Co., new York, and Travelers In¬
$1,200,000 serial notes dated Nov, 1, 1943.
$600,000
installments
Fed.
'
All
Colo.
in this
rural
Kirkpatrick-Petlis Company LL™
Paine, Webber., Jackson & Curtis.
Seaboard Air Line Ity. Co.—To Redeem Certificates—
1945,
and
included
principal amount of these
1942
;
income—net'
Dividends
an
'
Pueblo,
many
issue
Co.,
Glore,
2,517,767
______
earnings
Earnings "per
1539.
to
VSerial Notes
Concurrently
1178.
1943
1943—10 Mos,—1942
paid on Dec.. 15, last year.
regular quarterly dividend of $1.37%'
preferred stock, payable Dec. 15 to holders of
share on the 5%rc
record
of
communities
residential
were
Eastman,
declared the
also
west
44.
service
1943, the company served
industrial and 28
and
1043
,
30.
of
wholly within the State of Colorado.
are
elctric
Blair,
$2,093,840 $15,435,157 $15,631,046
declared
credit
eight'
the
for
tax
of
population of the territory provided with, electric
by the company is estimated at approximately 105,000.
$103,898
extra dividend of 50 cents per
share in addition to the usual quarterly dividend of 25 cents per share
on
the common stock, both payable Dec. 15 to holders of record Nov.
Nov.
on
deduction
provide that the company may prepay from time to time upon 30 days',
income.l. ."$1,228,435 "$1,179,634 ni,987,716-
"Total operating expense and
50-Cent Extra Dividend—
directors
profits
excess
after
is
The
The
receivable,
Months
Federal
1943,
trificatioiv Administration -'-cooperative, associations, and to one city'
having a population, according to the 1940 Federal census, of 3,232.
Company furnishes street railway and bus transportation in pueblo,.
Sioux City Gas & Electric Co.--Earnings—
(The) Schiff Co.—October Sales Off 11.22%—
The
10,300
$244,401'
.
40
and
service at
furnishes
.for contingencies,
$300^060; capital stock (497,000 shares no
less 3,000 shares held in treasury, $2,982,000; consolidated surplus,
Gross
$1,858,984
75,000
provides electric service in a territory of approximately.
miles located in the Arkansas River Valley and in Pre-*
Teller and'Custer Counties, Colo., and extending approximately
reserve
Income
'™__™_™™
$200,900
for
31,
Depreciation and amort.
Sales
$311,340
refund.
par)
1539.
Period End. Oct, 31—
10.299
149,115
$201,688
stock
common
109,000
11,300
square
300,000
dividends
notes
Other
Balance
138,000
8,000
97,740
History and Business
Cr417,900
Liabilities—Accounts payable; $666,809;,''accrued Federal,
State, Can-"
and
local taxes
(less. Treasury tax notes of $4,359,600), $1,532,514; accrued payrolls, $493,4.23; other accrued liabilities, $3,777;
$313,013
149,115
requirements^..
requirements...-
dividend
Preferred
93,000
16,781
$329,701'
of 2
per annum; next five semi-annual installments will bear
interest at rate ofper annum; and last five semi-annual install-,
adian
376,079
$35,498
.......
dividend
$380,200
34,163'
3,847
.
Company wax organized in Colorado Nov. 14, 1911. Company is an
operating public utility company engaged principally in the produc-,
tion, transmission, distribution and sale of electricity and is also en¬
gaged in furnishing street railway and bus transportation service."
meats
contingencies
Operating
'—1
$463,640
408,821
rate
c
profits tax..—,
Consol.
12
Debenture
$390,459
••
v':
$1,702,433
$5,070,675
5,575
inc.
$689,092
34,209
amortization
&
17,553
-
provision
ended
post-war
Hornblower
Balance
16,517
J-™;
6,076
-
$5,449,311
oper....
profit
$10,461,485;
Interest
33,779
tax.——
Note—The
months
for
$3,215,100
516,784
1,806,494
$15,266,368
current,. $26,025; estimated post-war refunds
profits tax, $842,088; investments/ $71,564; real estate, tools;
machinery and equipment, at cost.-Uless*,,depreciation reserves of $5,020,936), $4,784,695; total assets,, $16,440,008.
$710,967
1,856
Dr
income
,
of excess
312,970
$71,562
revenues
oper.
405,804
33,843
profits tax..
income
surance
accounts
389,876
29,675
.
405,804
188
$789,469;
,
1940
$8,083,933
$7,800,042
income
market,
$3,453,120
1,868,579
taxes'
Other
1943—12 Mos.—1942
$4,447,390
19,046
taxes... "
270,536
-tv-L
;
from
Assets—Cash,
128,892
...—
income
Earnings—
1941
$21,794,970 $19,871,301
13,994,928
11,787,368
:
and
$317,471
Depreciation
Federal
share
per
"Equivalent to $2.47 in 1943, $2.37 in 1942 and $4 in 1941 per share
on 497,000 no par share of common stock.
a
34,083
Maintenance
$823,631
Company
May 15 and Oct. 15, 1940.
Steel Co.—Consolidated
expenses
Profit
'
$411,271
....
$920,848
the extensive rural areas in its territory.
Company also
furnishes electric energy at wholesale, for resale, to two Rural Elec-.
Sept. 30—
profit
Prov., for
177,876
revenues
on
(less
Savannah Electric & Power Co.—Earnings—
Operation
$700,080
income
excess
400
1942,
p.
213
throughout
Consolidated Balance Sheet,
Operating
337,080
21, 1941, and
45,802.305 496.291,232 508,037,216
46,005.986
,
earlier.—V.
,
210,000
Co.—Liquidating Distribution—
declared
goods sold..™
Common
operation
842
V
544,236
1,
1943—4 Wks,—1942
period End. Nov. 6—
in
$525,161
268,922
$743,451;
Safeway Stores, Inc.—Current Sales Slightly Up-
Stores
$614,512
2157,
sales,
Of
excess
Sales'
$40,367
_____
Petroleum
p.
Gross
in 1944, $150,000; 15-year 3y4^ sinking
1956, $1,900,000; note payable to bank,
$454,065; reserve for post-war adjustments of inventories and other
assets, $550,000; $2.50 preferred stock (36,512 shares no par), $1,825,600;
common
stock
(par
$1),
$926,547; capital
surplus, $657,773;
earned surplus, $6,488,531;
common stock held in treasury at cost
(5 shares), Dr$24; total, $19,745,119.—'V., 158, p. 1764.
'
Oct.
due
100,491
due
installment
debentures,
103,762
______
Simonds Saw &
tax notes and certificates of indebtedness and accrued
interest thereon of $3,816,257), $5,240,542; 15-year 3^4.3- sinking fund
fund
8,457
1675.
9 Mos. End.
Gross
Treasury
debentures,
165,908
"
March
Selling
S.
$791,560
166,911
8,813
accrued taxes (other
Federal income and excess-profits taxes), pay roll, royalties, etc.,
than
$885,185
,
stock, par $10, payable Dec, 10 to holders of record
This compares with 25 cents paid on April 24, 1932, 50 cents
on
(Continued from page 2052)
payable—trade,
$789,282
262
mtge. bonds
disct. &
Net income
3,052
common
24.
Corporation and
Investment News
U.
13,919
$53,681
trustees have
the
on
95
407
9,506
—V.
$808,635;
$62,743
13,974
,
dividends
p.
Simms
each
Liabilities—Accounts
$823,418
$788,509
$879,457
Dr3 3
$76,468
,.
dividends
158,
Npv.
General
$920,006
deductions, net
59,074
286
accruals
res.
14.5'w
—
:
"
■
t
—;—.
1,617,281
$699,818
debt
of
24,109
$76,182
income
Common
.
trial
$2,406,563
1,644,289
—J—
Company's operations;
+ 441.082
32,297.587
F. R. note liabilities combined
$2,467,707
1,719,172
22.566
1st
on
19,971
accts.
Ratio of total res. to deposit &
1940
$2,639,178
expenses-:
..
.
43,620
deductions
Preferred
-V.
Total liabilities & cap.
.
1941
1942
119,948
4,986
2,909
+'".
26,829
accounts---——.
—J-.Years Ended Dec. 31
$1,911,404
income
'Net' income
income
Retirement
Income
in
paid
'
,
■-+%■"
'
Capital Accounts—
Surplus
,:;T %
1.211,586
income
Amort,
$2,576,381
:
Surplus
'■
Earnings
Summary of
,
operating
Other
,
1943—12 Mos.—1942
$2,505,013
income, net.„»
Gross
Total liabilities
1,200,000v
Total oper, expenses and
dated
$15,024.04,
of
Dec.
to
$232,123
.
Operating
$1,200,000
to
_™AA+_A___~-—^_-~-~ :^750,()00 shs. ' 447,160 shs.
tile indenture1 only upon
revenues—'
oper.
State
Other
1953
;
Outstanding
$5,500,000
1853.
p.
1943—Month—1942
taxes
2,482
Authorized
"Not limited
Aug. 31,'43
receive
$229,650
profits taxes
313,952
.+:.
Present Financing
3%'i
SMos. Ended
Total
210,258
283,588
8,251
.+::
stock
■i".
Federal income & excess
Other
1944
maturing serially
notes,
.
New
the1
sinking fund bonds,
exhaust the
interest.
157,
Bldg.,
-
:v',
Tile balance'of
interest.
accrued
.
a
96.5 %,
--'.i'. >■/, +'
1943,
and
Additional ■'•bonds', may be issued under
compliance with the provisions thereof.
operations
i
mortgage 5'+
sufficient to
100
Maintenance
——
V
,
Capitalization Giving Effect to
common
29,
102'J
:::+/+■
■fi-.: ; V-k
First mig. bonds, ser. due Nov. 1, 1968,
Revenue
required,
approximately
business
purchased.—V.
Operation
+
—
Purpose
■'
bonds at
(>',?<
for
1941
•-
June
quarter
held
trustee,
close
first
amount
an
on
Bank,
the
until
revenues
406,625
Foreign1,363,373
U. S, Treasurer—gen. accts—
,,.
of
$0.24
in
under
year
Seaboard
or
by
Wellington
Period Ended Sept. 30—
12,263,244
Member bank- reserve acct._
Deferred
current
30,
to
to
not
Operating
Deposits:
Total
$130,551
Sierra Pacific Power Co.—Earnings—
ip act. circulation-
.*
proceeds from the sale of the bonds will be applied by the com¬
the redemption of-its outstanding $6,763,400 first mortgage
Gross income
•
Other
$0.28
and
'
consolidates
National
will
sale
1942, to
prices
Liabilities—
F. R. notes
100,65 for the .obligations
v
A
5,096,546
+'
+441,082
15,974,140
,—
.
Harri¬
to
ance
;•
liability for
acquisition
in
1942
tax.
1942, Seaboard
Wellington.—V. 158, p. 777.
for the
will
Total
interest
in
income
of
the
On
The
12,227
—
$148,187
provision
of
for
Orleans,
481,513
—.
476
+
No
company.
bids
to
16
required for such redemption are to be obtained from the issu¬
$1,200,000 of serial notes, maturing 1944 to 1953.
; ,
/
$296,428
Shreveport Laundries, Inc.—Seeks Tenders of Bonds—
28,390
-f
445.682
+
—
of
Federal
profits taxes.
view
statement
83
'
+'
They bid
,
Nov.
Series
$342,065
$0.34
—_
estimate
1942,
5,136,999
5
$453,392
than
excess
controlling
a
5,159,278
+
2,000,028
—-—
+
+
+
—38,374
premises
Other
—
135
69,409
banks—.
Uncollected items
Bank
33,127
21,294
9,831,817
9,877,607
banks-
R. notes of other
of
interest
Total bills and securities
F.
upon
Note—In
Govt,
securities,
direct and guaranteed™,
Due
other
Federal
644,642
688,400
,
Total
taxes
Act
1,566,061
—.w.---,—
bidding
funds
tBased
—
coupon.
."■tfi'
Net
pany
^.7—
"Including provision
3,496
■
securities,: direct
guaranteed:
.Notes
40,000
1100,000
Wellington
profit
Earnings per share
Govt.
and
150,000
35a''
a
8,000
income taxes
earns,
competitive
Ripley & Co. and associates.
385,188
contingencies———-™
Federal
at
They included: Harris, Hall & Co., Inc.,
100,053 for 3.70s; First'Boston Corp., 100.90 for 3-Vs; Haisey, Stuart
& Co.,
Inc., 100.08 for 3"bs; Lehman Bros.. 100.15 for 3 lis: .White,
Weld & Co., 100.43 for 31as,-and A. C. Allyn & Co., 100.299 for 3%s..
5,055
Total bills discounted---.1-.
S,
414,293
23,513
409,879
awarded
were
Six other bid's were received.
477,706
21,120
646,125
-
depl., amort,, etc
bonds
man,
de¬
Net
D.
.
The
$1,181,843
7,263
bank loans
on
for
Prov,
558,724
Bills discounted:
Other
$1,787,609
31,296
intang.
velopment costs
76,605
+
16,214
+
"
-
for
Prov.
20,249,837
688,237
with
Prov.
Total reserves
$1,870,080
710,983
$1,818,905
745,399
110,070
—
449
—
$1,945,026
947,284
Nov. 11,'42
1,500
—
are Glore, Forgan & Co.; Eastman, Dillon & Co.;
Paine, Webber, Jackson & Curtis; Hornblower & Weeks;
Blair,
Bonner
&
Co.;
Kirkpatrick-Pettis
Co.
andi
Wheelock & Cummins, Inc.
:
-
1941
_
—7—2--.
——
Other income
Decrease since
NOV, 10, '43
Nov. 37,'43
U. S. Treasury
or
1942
$2,734,893
.
;
Balance
Increase
;
irig
Earnings—
1943
:
'^Operating and gen, expenses
thousands of dollars)
(In
Assets—1
Ended Sept. 30—
revenue
Monday, November 22, 1943
oppir. rev.,'
revenues'
expenses-™-
Operating taxes _li™_
$2,503,682
4,000 r
$2,499,682
1.687,957
466,726
1943—9 Mos—1942
$2,223,798 $21,977,815 $19,201,802
,
3,500
25,000
19,000
$2,220,298 $21,952,815 $19,182,802
1,508,908
14,366,699
12.896,732
383,331
4.478,579
3,344,980
18
with Harriman
Ripley & So., Inc., in the offer-
Net
operating
income
158,
p.
income
$344,999
$328,059
™__;;
235,291
218,287
^
1539.
$3,107,537
2,030,370
$2,941,090
1,992,191
Volume 158
Southern
clares
A,
Number 4231
Pacific
Dividend
T.
THE COMMERCIAL & FINANCIAL
CHRONICLE
Co.—To
of
Retire
3%%
Bonds—De¬
Mercier,' President,
The
that the directors,: at
meeting held on Nov. 18, authorized the redemption on Jan. 1,
of all of the
company's 10-year 3%'> secured bonds, due July 1,
at 101 and accrued interest.
He said that there are $29,009,000
cipal amount of such bonds in the hands of the public.
The
directors
Dec. 22,
1943,
also
announced
declared
dividend
a
to stockholders of
tribution was
record
of
$1
1943,
21,
their
1944,
with
1946,
1942,
60
cents
prin¬
declared
17
7'5-Cent Dividend—
dividend of
a
75
cents
on
Doc.
Nov.
15,
Operating
Taxes,
l.
Mr.
A
V.
15,
1941,
Fed.
cents
Dec.
on
16,
194.0,
and
Income
Statement
1943—9 Mos.—-1942
the
$10,739,802 $14,091,761 $14,080,402
6,848,416
6,359,501
9,163,108
8,202,860
ancl
Week Ended Nov. 7
i:
1943
Gross
earnings
—V,, 153, p.
(est.)
Interest
Jan. 1 to Nov 7
1942
$6,058,708
1943
<;
.'W
,
%
/ ■;
;
Federal
Southern Union Gas Co.—$200,000 Debentures Called
The
has
company
called
for
redemption
pendently of the sinking fund),,
fund
6 r't
will
be
debentures
made
at
Holders of
,
said
the
debentures
date
of
due
the
Nov,
the
1,
1967,
debentures
office
of
at
trustee
Southwest Lumber Mills, Inc.
We
have
been
advised
collateral sinking fund
chased
and
by the
that
Of
the
had
the
been
It
that
company at
entire
issue
retired
20,
1955,
to
of
$189,922
600
rev.
been
1, 1943,
corporation.
97,806
Other
$95,000
in
Materials
5,400
■/■'
'
$268,189
23,564
144,839
v'.l>
$1,358,974
Adv.
216,404
.
in
$0.96
$1.03
construction
•$
excess
h
500,000
Dec.
240,000
last,
723,763
82,514
receivable————
,727,092
profits
157,188
45,903
44,834
been
:
115,676,481
•—
79,367
accrued
"Oper.
$802,938
3.897,618
3.611,186
15,292,705
capital
stock
and
4,805,000
63.470
3,892,500
16,245,000
Sept. 30—
104,195
/
from subsidiaries—
subsidiaries—
from
A—„,
at
rates
10(e.
imposed by the
$2,000,000
$2,410,599
312,169
130,001
38,988
$1,914,430
-
Cash
declared
the
Jan,
the
common
12.
regular
stock,
Similar
quarterly
dividend
payable Jan,
$10,
par
distributions
made
were
of
Nov.
on
12.—V.
149, p.
for
»
Months
banks
and
38,
1913
723,763
82,513
2,600,000
42,574
20,503
4,591
conclusions
no
renegotiation
has
profit
nine
not
have
been
commenced,
figures
herewith
prior
years
reached.
but
1943
to
3,033
provision
submitted
to
As
for
the
Total
—_Y—
—
'
—
accrued
has
been
made
renegotiation
a
light
of
Capital stock
(2,104,391
Capital
5,739,306
1942
Note—No'comparison
of profits with the nine months
since no provision was made therein for a
renegotiation refunds.—V. 158, p. 1077.
:
of
submitted,
$2,769
108,691
59,401
29,000
■2 30,600
5,000,000
par shares>.
no
surplus
surplus
Net
Other
income
9 Mos,
$377,593
stock,
similar
declared
$10,
par
distribution
and Dec. 21,
Dec.
made
was
of 50
dividend
a
payable
20
to
cents
June, 21,
on
share
per
holders
of
last,
Prov.
record
and
Year
$1,458,270
485,050
641,292
$204,998
$602,062
7,982
11,148
of
Net
responding week last year,
an
169,450,000 kwh. Jpr the
increase of 18.9(1.—V.
'158,
—V.
*
Period
Net
Ended
Sept.-'30, 1943—:'-1
'
:
profit after charges and taxes———
per com. share outstdg. Sept,
•
•
"Giving effect
share
are
tAfter
for
equal
to stock
158,
p.
and
■
and
Oct.
excess
contingencies
778.
...
•
.
1,
1943,
9'Mos.
taxes
aggregating
Period End. Oct. 31—
sales-
„■
$423,484
Electrical "appliance, department
1943,
pet
were
last
Furniture
4.15',;.
ance
67.98V
less
sal?s for October
month
than
reflect
sales
for
greater, than, the
not
period of
sales
reflect
1942.—V, 158,
the
same
and
p.
were
for
a
ago,
26.96i).
while
under
October,
The
tax
Dec.
is
shares
holders
the
on
declared
quarterly
287,000
to
15
paid
15
usual
of
same
months
period last
of
.
;
ended
year,
74.51(1
Oct.
while
under
31,
1943,
electrical
the
24,000
$150,308
$210,713
1,387,452
1,387,452
$0,044
$0,108
$0,152
considered
extra
an
dividend
of
record
date
National
City
Bank
of
cumulative
last
New
applicable—V.
Nov.
dividend
of
common
30
27.
of
cents
stock,
same
11
854
$64,880
Dividend—
declared
dividend
a
Months
profit
Ended
Sept,
—
tEarnings
"After
taxes.
per
has
158,
been
preferred
158,
share
$10,
of
both
5
cents
1676.
p.
charges
tOn
of
Swift & Co.,
appli¬
John
N.
R.
Holmes,
Clark
appointed
transfer
158,
1540,
p.
and
14, June
35
$1.45
share
per
Sept.
15
ancl
payable
cents
15,
Dec.
each
on
last.
Sept.
to
15
made
were
Payments
in
1943, Were said
15,
to
15, 35 cents each;
amount
$67.95
to
per
778.
have
Trust—Larger Distribution—
declared
dividend
a
of
15
cents
share
per
on
of
1189.
«
■■
1943—Month—1942
1943—10 Mos.—1942
$982,051
$13,151,274 $10,042,019
1772.
p.
1943
1942
1941
$85,232
$1.00
$1.30
issue
of 45,000 shares of 5% cumulative
preferred
(par $100) was offered Nov. 16 at $103 per share
History
"Steel
Products
has
on
Nov.
submitted
to
12
on
announced
shareholders
$78,903
'
$0.93
profits
in
The
Ohio
Co., and Thompson
business
of
incorporated
was
June
Thompson
are
wholly owned
and Topco Ltd.
17,
Products, Ltd.
the
is
company
name
of
Company's subsidiaries,
Products Co., Toledo Steel
Thompson Products, Ltd.,
subsidiaries—Toledo
the
(under
1916.
Aircraft
Steel
Products
manufacture
(Canada)
and
sale
of
a
wide, range of engine and other parts for
automobiles, trucks, tractors
motorized military equipment; parts and accessories for
aircraft
and aircraft engines; parts for marine and industrial
engines; and, at
present, certain ordnance items.
and
The
principal
products
manufactured
include
intake
and
exhaust
valves
of
various
types, fuel pumps, fuel booster pumps, tie rocls,
drag links, valve seat inserts, pistons, piston pins and water
pumps.
Many of the company's products require the processing of high alloy
steels involving special
forging and heat treating processes, precision
grinding, and exacting inspection.
The
major portion,
in dollar volume of sales, of
the products
Parts
to
more
the
for
in
parts
manufactured for
in
use
the
replacement
automotive
field
are
is
and
the
effected
principal
warehouses
States
amount
redemption
the
of
of
and
net
use.
supplied
large
Such
maintained
Toledo, Ohio, and from warehouse facilities in
United
estimated
from
wear
only.
use
than
3,000 jobbers and distributors for servicing a
of makes and types of automobiles, trucks and tractors.
in
the
are
replacement
Purpose of Issue—Of
an
is of moving parts subject to
original equipment and for replacement
company
use
number of
sold
number
by
sold for
are
A limited
trust.
for
Forthwith
redemption
expected
26
in
other
Canada.
proceeds
$28,996
for
($4,443,631),
accrued
$2,694,300,
dividends,
will
plus
be
used
all
Dec.
that
the
the
name
position
of
receipt of the proceeds the company will call
outstanding prior preference stock and it is
fixed for redemption will be 011 or about
such
date
1943.
22,
Holders
for
of
the
If
preference
prior
common
the
stock
common,
prior
preceding
stock."
of
into
share
of
upon
all
the
that
thereof
Director—
for
Business—Company
owned,
two
Ltd.,
share
Chicago, III.—To Vote
and
Products Co.")
wholly
by Smith, Barney &
outstanding shares of $5 convertible prior
preference stock at $105 per share plus dividends. For such
purpose
the
redemption price will be deposited with a redemption agent;, in
provision for Federal income and excess
shares of capital stock.—V, 158, p. 586,
be
of
and dividend by a syndicate headed
Co. and McDonald-Coolidge & Co.
cities
stock.—V,
$111,030
share.
President,
will
15
$100,
par
$1,324,405
158,
Cleveland
and
85,000
June
March
certificates
p.
distribution
were
comparable,
15,
of Oct,
p.
manufactured
cents
Inc.—Earnings—
30—
——
common
stock,
Distributions
Period End. Oct. 31—
which
5
per
par
extra
An
year.—V.
York
second
Sweets Co. of America,
9
"Net
furniture
the
31,154
$1.10.
as
158,
157,
—V.
for
$4,582,907
the month of
20,000
$61,449
1,387,452
Swan-Finch Oil Corp.—Transfer
Agent—
$9,439,075.
$4,194,979
year
decrease of
ten
1675.
Nov.
on
the
outstanding
also
was
11943—10 Mos.—1942
$613,352
profits
.
decrease
a
excess
directors
year.
net
outstanding.—2_2v
share—.
agent for the 4(y
net sales
they
a
per
share
payable
.
and
.
1943—Month—1942
—
166,823
3,500
22A-A
earnings per
profits
119,792
State in¬
(estimate)———..——
Federal
the
on
Sterclii Bros. Stores. Inc.—October Sales Off—
Net
&
Sutherland Paper Co.—Extra Dividend of 5
Cents—
,
'*$1.19
paid on
to $1.13 per share.
for Federal income
provision
post-war, adjustments
V.
dividend
.
per
3 Mos.
32,969
Fed:
cor¬
$419,524 :f$ 1,6,50,645
■
——.
Earns,
■
1943.
p.
—
normal
1478.
p.
,
362,530
30,658
Thermoid Co.—October Sales Up 34.8%—
dry
($1 par)
The
Standard Steel Spring Co.—Earnings—
surrendered,
profit
"No
the. public.'utility operating, companies in the
system for the week ended Nov. 13, 1943,
compared .with
leases
Earnings
Co.—Weekly Output—
Standard Gas & Electric Co.
as
24,676
401,913
taxes
Shares
.Electric..output
16,823
303,120
'
'
total. 201,397,000 kwh.,
$828,126
4,757
105,241
for
come
$610,043
——I
on
"Prov.
declared, the
Sta ndard Gas & Electric
—A—1—, $207,915
indebtedness
holes/etc.
regular quarterly dividend of $1.25
per share 011 the $5 series cumulative, preferred
stock, no par value,
payable. Dec. "20 to holders of record Dec. 10.—V. 158, p. 680.
$447,080
356,830
proprietary interest
(equal to $15 on
full certificate of proprietary interest), payable Dec. 6 to holders
of record Nov. 13.
This compares with 10 cents each
paid on Dec. 12,
last year, on Dec. 17, 1941, on Dec.
18, 1940, ana on Dec. 18, 1939.
$816,978
2,917
—
depletion & depreciation.
on
for
Loss
011
1942.
directors; also
*$24,983
26.
March
directors
stock
$1,087,112
'172,595,
profit...—.
income
Interest
16
Nov.
on
235
$33,145
$498,158
352,948
$67,050
preferred
Nov.
follows:
as
sub-share
An
v.-
Quarter
gas sales
v
(A. E.) Staley Mfff, Co.—50-Cent Common Dividend—
common
77,290
$500,696
Thompson Products, Inc.—Preferred Stock Offered—
Earnings-^-
expense
operating
Total
'
$52,542
77,290
235
Nov.
on
011
15,
pi 1285.
Operating,
>
$110,670'
51,633
Texas Pacific Land
all
directors
issue
Dec.
the
1,584,041
1—. $15,143,311 $14,812,301:
is
'
$116,513
51.633
Sales
—V. 158,
for
-
$118,683
dividends
$519,708
72,628
.
share.—V.
8,135,491
1,920,177
l——.iw—
in
1942
30,332
AX————.
Arreaiages
refund
reserve
29,933
—-
cumulative
were
and
5,000,000
8,077,8.90
——
Total
taking
903
exp._
of record
this
on
$7,552
Period Ended Sept. 30—
Gross income from oil and
in-the
773
1940
71,390
each
liabilities—
place for 1942.
Amounts so provided are
preliminary and subject to final determination by renegotiation pro¬
ceedings when they may take place.
been
estimated
348,439
1941
$569,548
.
dividends-
directors
7(1
3,929,293
'
Superior Oil Corp.
of .1943,
The
the
holders
$15,143,311 $14,812,301
...
—„—
Other
1943,
year
$497,828
Declares $1,45 Preferred
429
receivable
discussions
months
Balance
5,753
431
in
still
are
67,808
——
income
preferred
500,000
3,535,568
Accounts payable ^——2—
Reserve for taxes—
125,000
1942
$568,503
70,628
5,940
interest
Earned
for
$3
240,000
1,600,000
Furniture and equipment, less
reserve——
Sundry assets iUnadjusted debits
~
$516,402
1943
o
interest—A..
preferred
"
1,825,000
and
Liabilities
,•
$46,460
$568,456
dtaxes—
an
interest
The
Sept.
$61,700
.
earnings
Net
JP'k
1191.
Ended
$753,888
exc.
1540..
Debt discount and
'$2,463,564
5.747,136
Accounts
Jan.
Net
Other
1942
'
$886,216
u.
—
S.
$1,309,006
proceedings
1943
hand
on
70,000
1,046,073
Company Only)
Investment in unconsolidated subsidiaries
Notes receivable from subsidiaries
consolidated
$5,651,057
"Renegotiation
(Parent
&
taxes
p.
"Deficit.30
Treasury savings notes, tax series; at cost
Government securities, at cost——
Other securities, except invest, in subsidiariesInvestment in consolidated subsidiaries-
to
011
Sept.
"
Other U. S.
35
14
in
Sheet,
61,250
956,418
Sept. 30—
income———-—
$1,796,576
-
'158,
•W..—_
_.
paid—.
exps.
$2,147,733
366,168
-
''
dividends
dividends
Debenture
33,279
Comparative Balance
$1,136,870
Oper.
34,062
income
Assets—
$1,181,920
Telephone Bond & Share Co.—Earnings—
250,227
earnings-
—-
Net
of
$96,701
profits
—V,
$1,775,000
55,164
263,151
miscell.
:
Federal taxes
Act
8,175
$92,438
income
"Includes Fed.
1942
72,462
——
Revenue
430,000
19,595
reserve
9 Mos, End.
37,937.
earnings ——AA—
Operating expenses
Taxes
430,000
717
!
—/.
Total
securities.,——37,048
sales of
on
35,833
3,370
Common
3,646,342
1943
.
subsidiaries———AA'1
and
35,833
Preferred
7,075
vA.
Ay
income
from
accr.
deductions—int.
surplus
————A--——A— $28,322,161 $28,841,741
dividends, interest
Profit
15,570,000
profits tax credit of
Net
8,708,155
income
1,668
$1,575,045
317,600
5,000,000
Interest
5,221
$1,631,515
Income
4,095,039
„-
225
Retirement
4,706,625
——A-AA—
in
Other
14,615,322
4,117,500
Net. profit
20
$1,573,378
71,596
-~A
Total
plants—-
The
$1,620,294
$133,252
'238,833
loans
3,383,032
Provisions for. taxes-———————..i,,.,————y--4,217,051
Provision for post-war rehabilitation of
June
4,042,824
$133,027
$5,616,202
121
2,453,442
-
Results
A
4,875,630
$131,642
3,084,031
liabilities—A—.—
12 Months Ended
17,998,354
income
10.
$6,501,923
354,407
$131,520
;
——
income
70,537
8,679,054
Square D Co., Detroit—Earnings for Nine Months-
Dec.
$487,434
419,063
inc.
income—net
Gross
1,532,744
y—--
credits
Other
$644,304
5,000,000
,
the
1943—12 Mos.—1942
$550,584
deduc—
operating
.3,132,922
„
Other
18,453,851
3,161,146
contr,, per contra-—.
•
•
interest
Dividend
890,708
accrued
on
record
announced
The
1943—Month—1942
revenues
revenue
Utility
Comparative Income Statement (Parent Company Only)
; Br388,76G
<
on
5 Mr "ft
■
-
Total
18.387,114
£>r681.682
April 15, July 15 and Oct.
15, 1943. ^
:
Reports that the company has also declared an additional dividend
of 85 cents are erroneous, and such a declaration is not
contemplated,
*
declared
the
Tampa Electric Co.—Earnings—
$28,322,161 $28,841,741
—A—AA^A-WA^-ALIA
9,869,416
19,135,533
4,501,894
excess
have
share
have
regular quarterly dividend of $1.25
stock, par $100, payable Feb. 1 to
158, p. 1676.
'
also
0x1
Period End. Sept. 30-
96,817
surplus.
12,497,311
10,547,233
1
;
constr.
011
•
15,
which
the
preferred
17.—V.
the
usual quarterly dividend of 68:j4
participating preference stock, par $50,
1 to holders of record Dec, 15.—V.
158, p. 1676,
payable Jan.
267,000
surplus
74,922,640
4,607,308
722,990
—
directors
net.
the
declared
5'1
Dec.
Talcott, Inc.—Extra Dividend—
share
per
Operating
tax—
Capital
Southwestern Life Insurance Co., Dallas, Texas—De¬
clares Regular Dividend—
and
on
and
directors
cents
77,797
6,805,290
164,146
15.
year.
The
5,115,259
82,743
,607,687
Earned
"'•$
U.
jxrocess
Pay Dividend
on
Nov.
17
declared an extra dividend of 10
cents
the regular quarterly dividend of like amount
on
the
stock, par $9, both payable Dec. 27 to holders of record
An (extra of 10 cents vvass also paid on this issue on Dec.
26,
common
6,038,256
subsidiary consolidated-—AA-.aA
Capital stock (2,104,391 no par shares)
*
"Net
To
—
16
directors
share
,600,000
250,000
—
excess
The
2,453,442
"■
was
also
the
on
(James)
1942
of
Brl05,414
4,620,608
.
A--,—-—
of
Nov.
on
directors
share
,470,983
unconsolidated——
debits!—
for. taxes
Minority
1
•
19,419,645
2,518,902
4,838,982
Dr218,374
deduction of
have
3,642,897
2.678,846.
——...
—
,
.
deductions...
per
1943.
p,
holders of record
per
payable
Mortgage
retroactive
adjustments for taxes and other items
during 1941 and 1942 have been distributed to the periods to
which applicable.™V. 158,
p. 1539.
\
The
per
$7,230,344
,532,744
supplies
Otheraccrued
1943—12 Mos—1942
■'$
30,443,298 133,788,597
19,674,191
84,686,186
22.254,617
income
cents
158,
common
The
,770,736
—
Unadjusted
s "l '
■■
5,034,532
income
holders
4,230
<
com
:
subsidiaries
by clients
Interest
Note—Certain
for
$0.76
—
Reserve
marie
the
$0.55
hand———————
on
contra)
and
Accounts
883,546
.k"
1942.
-
$2,167,121
'It"
133,487
—34.806.977
Net oper. incomesOther income—Net—;
It
$2,028,698
clients on
unadjusted
Total
$259,024
'
v
taxes
raxes
1943
$1,609,993
Liabilities—
25,450
'
"Fed. income and
for
by
$1,364,374
5,400
2T.597
~
Operating expenses
6After
$1,160,662
buildings and other real estate, net—__
Furniture and equipment, less reserves
Prepayments
_—7.—UA———!—
Other
$37,316
W
43,370
-
Net
dividend of 25 cents per
of 25 cents per share on
to holders of record Dec. 9.
20
record Dec. 15,
No other payment has been made on
the common
stock this year, but on.March 31 and
June 26, 1943 the
company paid
dividends of 20 cents each on the class
A stock.
During the year
1942, the common and class A stocks both received
the
following
distributions: March 31, 50 cents; and June
30, Sept. 30 and Dec. 30,
25 cents each,
■
514
Post-war refund of Federal
$38,673
—
revenues
Dividends
'
•:
514
y,
Office
1942.
'
Interest
and
(per
Investments
at
$1,612,702
949,546
394,967
Period End. Sept. 30—1943—3 Mos.—1942
Total
;
:
'■
Treasury savings notes, tax series, at cost
U. S. Government securities, at cost—
secur., except invest, in subs, unconsol—
Other
but
company
banks
tracts
U. S.
be approximately
-
$156,719
107,279
income
158, p. 153,9..
profits
$2,162,891
836,902
1943
advanced
pur¬
Southwestern Bell Telephone Co.- -Earnings—
Other
in
Cash
and
$1,618,102
600
'
$189,322
-
.
•
1,088,000
$2,029,212
703,412
Assets—?7:
Cash
1943—9 Mos.—1942
$157,319
extra
an
dividend
payable Dec,
Comparative Consolidated Balance Sheet, Sept. 30
first
produced
feet
annual
1928.—
'
oper.
operating
operating
1,376,945
share
com.
the
since
declared a dividend of 35 cents
per share
class A stock, no par value, and one of 50 cents
per share on
stock, no par value, both payable Dec. 30 to holders of
the
on
the
$1,609,479
nlin-
to
for
company
three preceding quarters, distributions of 25 cents each
Previously, the company paid 31 (4 cents per share each
made.
The directors
992,050
1,654,745
$1,160,662
income ' —Wi—
Earnings per
Nov.
the
would
year
abopt 80,000,000
1943—Month—1942
Operating revenues—
Operating expenses L2—
Operating taxes
income
applic.
declared
quarterly
both
Tacony-Palmyra Bridge Co.
Class A and Common Stocks—
100,000
583,833
572,000
——————
-
have
accrued
treasury
Net
V
■
Associated Telephone Co.—Earnings—
revenues
Uncollectible
200,276
Accounts, notes and interest
against
Period Ended Sept. 30
Operating
—V.
the
in
:
outstanding
1,
and interest
now
h
amount
that, production this
as
Southwestern
Net
Nov.
due
182,454
so
V-
the
141,777
(nor¬
interest..——
ority
1943,
106,000,000 feet,
Net
100
is
of
136,201
surtax)——
Balance
Amount
(Nevada)—Retires Bds.
last
taxes
the
215,427
"
any
originally issuc/i, ail
repurchased for the treasury of the
or
estimated
was
the
bonds
5',c
$1,500,000 principal
March
they
at
210,669
,
Fed. excess profits tax—•
:>
elect, surrender,
time prior to the
redemption price including
If
may,
the
162,130
16
regular
stock,
quarter.—V.
552,153
2-
inc;
and
solicited
are
1944.
each of the
were
(inde¬
1943
trustee, Dallas, Texas.
redemption and receive the full
to Dec.
15, 1943.—V. 158, p. 1863,
interest
15,
25-year sinking
100. and interest.
Payment
First National Bank,
called
at
of Dec.
as
total of $200,000 of
a
581,415
160,679
securities
1943.
386,558
amortization
&
of debt expense—-,—
Writer-down
of
certain
1942
$6,085,428 $279,918,400 $228,798,037
mal
.
463,341
Nov.
on
the
common
In
inc.
Depreciation
'
proxies
20,
Vice-President of
a
350.
p.
The directors
snare
1943—12 Mos.—1942
$9,925,132
taxes
!
Jan.
on
been
25
'
Southern Railways—Gross Earnings—
when
company
has
Sylvania Electric Products, Inc.—Extra Dividend—
expenses
except
50
the
of
Clark
157,
1939.Consolidated
the first
director
shareholder-meeting
share
per
compared
cents
on
Period Ended Sept. 30—
Gross earnings ———1
1943.
p.
Nov.
on
capital stock, payable Dec. 15 to holders of record Dec,
similar distribution was made on Dec.
15, last year, which
similar dis¬
A
directors
the
on
payable
share,
per
Nov.. 29,
made on. Sept. .24, last, and on Dec.
the stock since Jan. 2, 1932.—Vi 158,
payments on
Stone & Webster, Inc.—To Pay
$1—
2087
preference
date
and
to
of
the
of
stock
stock
the
and
stock,
redemption
extent
have
the
the
until
as
basis
and
stated
that ^shares
right
the
at
company,
011
of
a
including
under
of
prior
of
conversion
price
value
of
of
the
"prior
$30
$100
fifth
per
per
day
preference
preference
stock
THE COMMERCIAL & FINANCIAL CHRONICLE
2088
proceeds which otherwise would have been
applied for redemption thereof will be added to the balance.
The estimated balance of SI,720,335 is desired principally in con¬
nection with operations after war production has substantially declined
converted,
are
the
terminated.
or
net
balance
such
However,
is
be added to
to
the company's
Tide Water Power Co.- -Earnings12 Months Ended
4,768,711
3,242,834
$473,698
(Adjusted
to Give
dated
Feb.
'
57
cumul.
Common
stock
various
stock
(no
""On Sept. 28,
:
payable
None
♦Includes:
—V.
$3,150,000
$3,150,000
45,000 shs.
is
500,000 shs.
■'
——
t298,419 shs.
1943, the company entered into
158, p. 1577.
Tubize
as
The
A
entering
into the bank
outstanding
notes
nect on with
jn
various
entered
of
credit
of maturity.
suspens'on
agreement
the
respects.
A
between
guarantee
each
of
banks
the
dated
agreement
which
Sept.
in
1943,
28,
was
parties to the credit
are
are
shares
of
The
per
holders
purchase
bank
portion
a
pursuant
Feb.
24,
the
the
and
1941,
interest,
of
to
to
if any,
notes
call 'upon
may
which
credit
have
may
and
agreement
reimburse
such
upon
banks
first
such
bank
mentioned
the
guarantor
issued
been
for
waived
notes
"pursuant to the guarantee
to
to
by such
bank
agreement,
;r, i
V
tSince July 31, 1943, the
company has issued 2,500 shares of common
stock in part payment for
property. The number of shares of common
•stock to
be outstanding does not
give effect to any: conversions of
prior preference stock that may be effected prior to the redemption
the
of
prior preference
stock
mon
at
the
Underwriting'—The
and
to
the
number
purchase
.
,
stock, which shares are convertible into
of $30 per share for the common stock.
price
of
shares
as
are
of
Name
Shares
Barney
&
Co.—
of
for
for
each
for
new
each
shares
share
of
common
the
New
also
declared
Hemphill, Noyes & Co——i.
on
declared'a
15
cumulative
Dec.
17,
announced
that
recently
to
by
Shares
1
business
New
be
Dec.
on
N.
the
the
&
the
exchanges
dividend
will
paid
1,000
Riter
Tucker, Anthony & Co
G. H. Walker & Co
1,000
&
Ball,
1.00C
—
Jackson
E.
Co-_
-
and
900
—-i
500
500
&
Clark
Co.
&*Co.——
500
Co.——i
500
1.000
J.
Flpencer Trask & Co
1.000
H.
Inc.
shares
1,000
The Milwaukee Company—
1.
On
dividends
1,000
the
year,
non-cumul.
Oct.
latter
date.
dividend
the
1943
In
will
stock
class
and
class
A
for
common
were
being
paid
par
the
on
It
is
understood
the
is
company
Graddick
soared
air
to
reported.
but
Net
Net
old
planning
to
call
replacement of
in U.
or
stock,
S.
70,674
9,731,696
1
8,176,747
900,000
taxes'^————.—-I.'
$6,834,265 :
;. 2,360,000
$7,836,411
2.450,000
$5,386,411
4,666,270
on
and
Govt,,
and
hand,
on
etc.
notes
refined
shares———7
excess
of
'
' ,$0.96
'-.'-rV j.-''
■
■
"";
Capital
and
,
$20,702,463 $29,242,250
19.307.561
——
inventories^.-——
and
'■
Sept. 30, *43 Dec. 31 '42
,7,.,'
Investments
securities-————
materials
$4,474,265
$1.15
.
profits tax.
receivable—
oil
Warehouse stocks
18,767,613
19,338,802
supplies—.
19,220,364
,
3,158,633
2,778,795
$62,507,459 $70,009,022
Current Liabilities—
payable
from
v.'
v
-
,
i
U,
l—
—
S.
Govt,
toward
$8,929,678 $11,308,937
construction
of
emergency plant facilities——
Dividend payable —
Motor
fuel
and
collected
Interest
for
other
,
Fed.,
accrued
sales
State
ad
funded
on
and
1,612,533
other
Crude
refined
-
agencies,.
arid other
-——_ —-
oil
158, p. 682.
1,166,567
1,316,044
916.389
taxes
.
debt-———— 'J.
property,
capital '• 7*
and
2.052,000
1,166,567
excise
2—-
-
-
250.270
5.445,755
$18,456,681 $21,250,893
$44,050,778 $48,758,124
; 7.
-
361,250
5,181,589
taxes.
;
Working
—V.
.:
1,123,739
75,758
out
worn
Total
on
14,634,559
976.463
Assets—
and
208.741
13,431,548
taxes..^——J
share
banks
Accounts
Crude
1942
v
$79,614,179 $67,047,453
46,662,303
36,207,469
,i
Working
in
October,
216,019
J———j—J,
income
per
Currents
Cash
increased
for
'i 1943
".;r:
Reserve for income,
retire
or
total
'/"-.'V:
profit
profit
Accounts
before April 1, 1944, 6,000 shares of its 1<k cumulative
preferred
of which there are 24,395 shares
outstanding.—V, 158, p. 1676.
ton-mails
$.79,398,160 $66,838,712
eventual
for
Advance
shares.
common
high 1 irv
by C. P.
17
Calif.—Earnings—
Note—No provision made for
be
share was also paid.
per
.Nov.
the
etc.——
Profit before income
on
of
no
department.
/',"V
equipment,, etc.——
contingencies, etc,—
old
share
all-time
an
Express
10',f j below
fell
.
obsolete
or
Wartime
each
each
has
preferred
intention at the,,
on
cargo
Sept. 30-r-
—
Provision for
stocks
paid dividends of $1 each
$1. on Jan. 2, April 1, July 1
extra of $1
an
Mr.
September, 1943,
158, p'. 1943.
sales
A
company
stqck,
April 1, last,
Lines
figures.released
be
will
the
flew
discounts,
for
common
corporation
—
for
stock
17,
the
of
cumulative
it vany
————
Net
dividend
common
Dec,
common
new
new
new
the
1943,
new
ready
In
common
common.
corporation's
of
Broadway,
the
the
of
has
of crude oil. " etc.;
:i
Selling, admin, & general expense..^.——,
Interest paid
„•
Augmentations of pensions for retired employes
Proposes Retirement of 6,000 Preferred Shares—
500
Dean Witter
of
be
that
nor
Purchases
holders
close
shares of
inventories '(barrels):_-
18,448,000.
19,322,000
500
White, Weld & Co
the
'
the current
„
the $7
No
four
and
900
.
Bonbright & Co.
B.
D.
W.
on
900
—
Sales'
board
on
100
:
common
stock.
During
900
—
Coons
Geo,
&
Curtis
;;
Reynolds & Co—
Lynch, Pierce, FenWebber,
900
—•
share,
A
the
70
the
on
1944,
r
of
of
between
made
be
in exchange for the
present
following basis: One-half share
the
900
-_i,_
—
1.000
Peabody & Co.—
& Beane
Co
the
will
,
of
issued
common
&.
the
certificate
a
Co.,
Trust
13, 1943. After Dec. 17,
first holder of record of a
case
1944,
Bank
exchanges made after Jan. 1,
the exchange,
;■
\
plan of recapitalization, the
upon
class
Maynard H.Murch & Co—
of
stockholders,
certificates
new
of
case
paid
the
The
Hanover
Dec.
on
to the
In
1,
1943.
Central
Y.,
payable
Jan.
and
17,
the
at
York,
will
900
Turben & Co
filing
the
Air
estimated
Provision
subject
approved
United
to
Union Oil Co. of
quarterly dividend of $1,75
stock, payable Jan, 1, 1944 to
preferred
1943.
initial
an
exchange
Merr ll,
Otis
York
of
of
9 Mos. Ended
stock
Application will
Stock Exchange,-
each
balance
299,413
of
exchange
common.
certificates? as
900
:
and
states
the
authorized
director
over
.
Cash
common.
quarterly dividen dof 25 cents per share
stock which will result from the
amendments,
The common stock dividend will be
payable on, Jan. 1, 1944 to
of record
of the new common stock
900
1,000
Hornblower & Weeks———
W. E, Hutton & Co
Kidder.
Name
1,000
stock
A
l'y
',v-:
and
further
issuing
be
according
October,: 1942,
basis
A
for
Mail Traffic Higher—
loads
mail
1942.—V.
common
Laurence M. Marks & Co-
1.000
present
shares
7
1,017,5.18 mail ton-miles In October as against 857,712/
mail ton-miles in September of
this,year and 743,301 mail ton-miles in
present
the
••i
Janney Co.___..b—4——~
& Co.^
the
on
present
of,,the
of
on
of
of
class
shares
of
common
share
completion
upon
-Nov.
on
the
record
was
4,000
D'llon
exchange
of
for
138,291
and
the
shares
common,
common
the
amendments
5,000
Dodge & Co.———_
Dustman.
ner
new
list
on
of
5,000
Co.—
Blvelds & Co
Merrill
calls'
plan
stock
Under- the
Sm'th,
Fame.
meeting on Nov. 12 approved the
authorized a change in name to Tubize
outstanding 702,871
directors
certificate.
follows:
McDonald-Coolidge &
Clark.
com¬
the underwriters of the preferred stock,
preferred stock which each has agreed
of
names
be
share
It
such
the notes
dated
a
portion of the
of
of
Name
/rV'
—
■'
$1 Annual Basis—New Stock Cer¬
tificates Soon Ready—
under
respective
Air
'
outstanding
to
Approved
of
time of issuing any additional
October,
spec'al
and
Stock to be Placed
and the War Department of the United States as guarantor,
acting through the Federal Reserve Bank of Cleveland as fiscal agent,
the
a
new
common,
will
made
Corp.—Plan
of
would
10,272
Declares Regular Preferred Dividend—New Common
agreement,
which
of
share
There
con¬
amended
intention
which
224,121
holders of the
the
also
were
banks
The
company dated Feb. 24, 1941, and
execution of such agreement such notes were
the
into
and
at
common
shares
one-half
be
interest
and
four
there
of
stock
Graddick,
;v:
The, recapitalization
class
ox
to
waiver
Chatillon
stockholders
statement
proxy
present
Cr4,304
--V-:
plan of recapitalization
Rayon Corp,
by the company upon the unused portion
of the credit.
Such notes will be payable as to principal on Dec. 31,
1945, subject to the conditional right of the company in certain events
a
115,449
ratio
writing group.
present
Cr2,249
—
the
stock held.
It is expected that this offering will be underwritten
by
responsible investment bankers and discussions are being held with
Harriman Ripley & Co., Inc., which it is expected will head the under-,'
$65,097
—-.1
c
—
Changed—
credit agreement with
a
in
October
taxes—,
tax,——b——419,124
refund
stock
common
this amount
Of
presently to issue 105,032 shares
series which would be offered to holders
convertible
a
United
payable quarterly
obtain
$31,063
_
income
45,000 shs.
providing for loans thereunder of the character com¬
Regulation V Loans. The aggregate amount of notes
which the company may have outstanding under such credit agreement
at any one time is $9,000,000
and the notes issuable against loans
thereunder will bear interest at the rate of 2%%
per annum
until
maturity of principal and 57
per annum on all overdue payments of
principal.. A commitment commission at the rate of 14 of 1% per
ohnum
548,421
deductions.
profits
Post-war
banks
monly known
$613,513
445,033
————-j.—
Federal
Excess
to
(par $100)u—
pan
2,39.9
$476,096
of
The
•
Outstanding;,
$9,000,000
equal
annual
$450,000—1944-1950
of-
pref.
1941,
Income
$3,847,641
$604,808
8,710
net—'
income
Net income
Authorized'
in
maturing
installments
Capitalization
—;
24,
Total
Effect to Present Financingi
•
banks,
Income,
Gross
•-Regulation V Loans
Notes
Othet
purposes.
and
form
Operating income w-L--1-'--
funds and will be immediately available to increase the com¬
working capital and may be applied to the acquisition of
inventories,
the
carrying of
additional
receivables, and
for
other
Debt
1942
$5,242,409
———
general
Funded
1943
Operating revenues
:.*Openiting revenue deductions-
pany's
corporate
Sept. 30—
Monday, November 22, 1943
authorize 200,000 shares of cumulative preferred stock.
the corporation would plan
Curtiss,
&
Co.—
House
Fahey. Clark
&
&
M.
Dain
L.
&
Co.,
Moore, Leonard & Lynch—
W.
The
Co.——_
900
Field. Richards & Co-—
900
Piper,
900
Newbold's Son & Co.
Chas.
Hawley. Shepard & Co.—
Hayden, Miller & Co.———
Ohio
Company—
Jaffray
&
Stroud
903
Yarnall
&
Co.,
&
503.
Hopwood
Tubize
Inc
500
Co.—
500
The
Income
Statement
7 Mos. End.
This
returns,
Cost
of
etc
products
expenses
Total
.
2.573.795
^
29,390
$8,716,827
$5,801,523
$2,961,567
423,203
60,079
110,544
and
and
Adjusts,
$5,861,607
$3,072:111
249,037
851,423
Net
for
Common
.275.00ft
435.373
867,500
5,241,653
2,405.500
Federal taxes
470,714
JAfter
in
337,460
460,500
121,500
Cr8,417
0-107,005
Cr7,560
$2,761,891
350,000
$2,051,417
66,613
134,331
147,745
$1,722,688
443,235
credit
1942
for
of
$360,000
1942
and
post-war
for
debt
$446,600
refund
in
of
$1,722,689
$1,670,844
139,472
Balance
Assets—,
and
and
demand
accounts
Inventories
and
516,508
and
Fixed assets
(less
res.
for
deprec,
assets,———J——
charges
in
1942
and
31,
Gross
debits
and
1,935.440
amort.)—_
4,753,430
"11—
573.032
on
long-term notes payable-
current
cum.
—.—
taxes
'
$450,000
(net >
for
1942
12 Months Ended
Total
the
Nov.
♦Total
a
total
pref.
(295,919
the
end
year
May
1942
1,
cos.
no
normal
1
1,237,784
3,340,390
Nov.
stock,
20
cents
the
Aug.
9
par
cent
per
declared
$2,
dividend
payable
payment
share
a
for
Nov.
made
the
on
of
30
to
Aug.
current
10
7,
cents
158,
p.
1078.
United Air
See
United Air
United
$26,177,095
holders
last,
calendar
share
$940,522
52,697
$689,691
$735,822
$942,733
75,769
92,185
111,560
136,526
$613,9212
$643,637
$331.17^
$883,756
307.056
317,091
412,050
422,115
$419,122
$461,640
ice
''
r
and taxes 7
Balance 7————
Interest
and
misc.
indeductions.-
tax
under
50,800
Act of
and
1935
$306,866
of
of
11
these
sale
$326,546
income
companies.
section
two
contract
an
ice
(b)
accounts
Pursuant
of
the
to
Public
exclude
Drl7,874
$7,664,119
surtax
tax:
companies were
subject to the approval
that
of
early sale of the fourth company is expected.—V.
United States Leather Co.—Stock
accrued
dividend
V.
158,
Trust
of
Co..
$1.75
share.
per
transfer
agent,
Air
Company
notice
of
a
has
filed
76,036
the
of
Securities
stockholders
Wall
Oil
Co.
First
f Net
,
St„
M
$110
£1
will
to
sion
New
made
York,
Exchange
consider
a
Commission
new
(&
act
Sub.)—'Earnings-^
upon
a
amend
proposal
the
Second.
Third
Total
•
»
of
•
|
Quarter
9 Months
$507,082
52,269
55,417
151.431
U
$0.28
$0.30
$0.81
y
$0.23
,.
income
and
Current
taxes,
intangible drilling costs and provitAfter provision fop depreciation,
deple*
fOn
185,860 shares outstanding.
all
taxes.
Assets
and
Liabilities,
Assets:-
Sept,
S.
30,
■
—
tax
fj
116,171
:
|i
§1
.50,000
Total
Current
—V.
158,
fj
$643,39 6
;
linbi, +'>'*
p.
1774.
'
'
'
*
M
133.270
—
notes
1
V
$343,956
'
—
——
Treasury
f
...
•
—-
7,
1943
.
Cash
U.
.
p
recommended
certificate
r
|j
■
$167,947
.
Inventories
by the company's board
incorporation by changing the
name of the corporation
to United Air Lines, Inc., and to change the
provisions relating to capital stock in order, among other things, to
to
I
A
Quarter
Receivables
sider
and
the
Y.—,
depreciation, depletion,
intangibles
financ¬
makes
directors
and
at
N.
$177,074
43.745
for Federal
Pre¬
this
of
share
per
be
New
$162,060
—__
profit
♦Before
Current
and
rl
1, next, 3,598 shares
Quarter
♦Operating profit
tion,
Transport Corp.—Plans
with
CI
(i|
1944.
p.
I
Universal Consolidated
1,037,800
Transport Corp.
special meeting
158,
1773.
p.
4,022,300
Lines, Inc.—New Name Proposed—
Lines
I
1
Commission;
Redemption—
Payment
16
.
Lines
1
I
Holding Company
sold in October, 1943; one is
•
81,800
—
||
" income
the
Utility
The company has called for redemption on Jan.
of its
77
cumulative prior preference stock at
$3,430,098
__r^—
4,309,400
——2,943,700
...
taxes
"
til
30,473,217
11,126
income taxes:.
$1,020,282
divestment order from
a
1942
$46,777,332 $43,331,994
$12,093,628 $12,840,902
4,429,509
4,410,804
and
profits
■
79,759
*
"
,
consolidated
the SEC
and Subsidiaries)
—
income'——.—
155,100
record
following distributions were made: Feb. 1, 5 cents;
Nov. 1, 7l/2 cents each.—V. 158. p. 682.
1 and
$890,036
70,109
of four
of
During
20,768
'7
and
*
exps,
accounts
ing plan.
According to W. A. Patterson, President, the meeting is
planned for Dec. 22 at Chicago.
Stockholders, will be asked to- con¬
year.
19,001
<1:Net earnings per share
7.369,307
per
16,260
'
8,855
.
——30,257
1,709.500
$12,032,502 $12,858,776
for estimated
income
91,415
,
—!
11.483
Total
ferred Issue—To Change Name—
on
the
—V.
2,566,000
3,011:770
—
$961,290
Report for 9 Months Ended Sept. 30, 1948-
excess
pam
13,629
$909,037
$7,265,154
1943
•————
Federal
stock—
shares,
6,272
$665,713
from
income
General
under
.——A—r
prov.
132,289
$952,435,
1
34,694,831
income
Net
163,255
$895,408
$659,434.
consol.
not
other
56,500
(Company
income
—
132,010
$675,700
$681,973
deducts.-
1,981,600
operating
revenues—.
Non-operating revenues (net).
Deductions
.
255,876
11,209
to United
1,631,000
Net
Other
—
common
30
Statement
,
$670,917
.
—
Note—These
surtax—
expenses
Federal
—
prior
directors
of
operating
1,529,952
1078.
With
3,849,055
3,417,129
Sept. 30—
2,700,000
surplus_,
9.
1942
$29,510,922
$10,441,003 $10,605,543
revenues———————a.
1,500,000
Triumph Explosives, Inc.—To Pay 10-Cent Dividend—
on
operating
—
_
The
,
tax—'-..———-—
Income
—
——
surplus
p.
».•.-*
taxes———-
♦Includes
—
158,
applic.
.
'7
.
,
369,492
'
-
267,835
'
:
profits
454,487
Total"
-V.
.»«•■'H:'-)
U'i
'
198,432
$659,708
(net)——
Corp.—
Interest
inc.
provision for estimated inc. taxes:
income
inc.-t—^—_
1,293,610
renego.
——
—
,conv.
Capital
Only)
$31,339,693
—
Consolidated
1,397,382
—
income
on
liabilities'—,
debt__^_.
Common stock
Darned
i'u
•:«) i
7
,
2.645,631
348.957
■
$7,023,874
excess
.
193,532
$4,375,723
2,859,661.
:
-
United Public Utilities
2,575,389
Payable to U. S. Govt, in connection with
provision for contingencies—
»5
ti:
15,
1943—12 Mos.—1942
$4,535,116
275,185
profits
income
Bankers
Dominion
Reserves'
■
and
inc.
$577,917
1943
-•
tax
259,804
Public Utilities Corp.
—,—
normal
_2—
(net) 7..———90,142
Gross
Missouri—Earnings—
Company
Dec.
0:1
Subs.)—Earnings-
'
.
..
income
Bal.
—
—
misc.
State
Int. and misc.
of
disbursed
was
1943—9 Mos.—1942
14,515
.
Statement
amount
1,933,489
and
oper.
Other
494,400
$1,114,358
u—
—
income
62,984
Current
Other
10,765
Net
Net
8,750,025
—————
Long-term
40,529
1,094,225
—
like
2,088,318
expenses
excess
come
$3,38.2,725
6,719,459
——
payable within year
payable—trade,
and
579,992
.36,050
—
income
on
income
Deductions
Other
———
of
1078.
p.
—
$1,707,354
$6,756,488
Gross
liabilities
Federal
Federal
.
Federal
V
158,
$3,214,839
and
taxes
13,808
Net
operating
revenues^..q-*^-'r,—$3,145,965
Non-operating revenues
4,295,038
1043
■
the usual quarterly cash dividend of 30 cents
stock, both payable Dec. 10 to holders of
extra
revenues—$3,291,504
local
$1,693,546
$77,525
$26,177,095
Accrued
debt.
,
dividend of 30 cents
common
An
Federal taxes
22,754,433
Liabilities—
Amounts
State,
6,360,440
25,193,728
Federal
Total
Accounts
funded
on
cash
Subsidiaries-
Operating
Operating
post-war
-————I
/
—_T
assets—
Intangible
Deferred
1942
$8,053,986
8,064,386
—
Net
(net)———
—
other
July
V?
.
deposits,
receivable
:
Investments
year.—V.
to
extra
an
United Public Utilities Corp. (&
1676.
516,677
discount
::
1943.
$73,000
Sheet,
;
hand
on
the company paid
$10,810,928
—
operating revenues
operating expenses——i—
♦Includes
Consolidated
Notes
'
12 Mos. Ended Sept. 30—
Total
142,502
738,709
retirement
the
30.
declared
12
25
25,533
.
1943.
Cash
last
Nov.
on
addition
on
Nov.
taxes
income
$1,670,844
710.474
$1,240,346
in
record
(& Subs.)—Earnings—
debt
158, p. 1479.
♦Total
$1,590,345
in
record
and
in
share
per
the
$2,746,542
Union Electric Co. of
71,700
Cr56.140
$219,961
1942,
158, p.
taxes,——
(Income
taxes_
credit
In
last,
on
$2,772,076
of
'
to
of
to
1943
__—— ———
funded
on
Amortization
640.876
4,019,400
and.
dividends,——"
♦After
jrefund
1943.
21.—V.
Dec.
share
holders of
per
Sept, 30,
income
Interest
Net
surplus,—
dividends—4,
Balance
Preferred
15
on
Operating income
Non-operating income
—V.
:
coating.i
gen.
Tlie directors
„
■
profit
Prov.
Dec.
paid
$1
225,533
years—
prior
on
of
Sept. 30—
Operating expenses &
Miscellaneous
$9,140,036
306,741
tax.—
profits
cents
June 30,
31 and $1
Operating^revenue
.
excess
payable
50
Twin City Rapid Transit Co.
de¬
income
March 31
March
dividend
a
value,
par
with
9 Months Ended
Gross
S6.472.807
_
prof,
exc.
,507,750
30,604
clared val. exc. profits
tax
♦Fed.
3,448,751
19,451
income
surtax
1676.
Period End. Sept, 30—
1940
584,214
income
4:Dominion
3,534,562
3,184
deductions—1,—
tax,
1941
$5,888,592
normal
no
declared
compares
on
cents on
p.
Federal
profit
Income
1942
1,500.000
income
Fed.
25
$45,777,310 $58,611,795 $42,459,891 $25,225,963
35,811.739
46,340,955
33,179,008
19,727,247
sold-
Prov. for doubtful accts,
Gross
Periods
less discts.,
Prov. for contingencies..
Sell., admin. & general
Other
Stated
158,
——~—Years End. Dec. 31———
July 31,'43
Gross sales,
for
have
stock,
1.
above.—V.
Century-Fox Film Corp.—$1 Dividend—
directors
common
Dec.
Corp.,
per share
Twentieth
500
cents each
Consolidated
Chatillon
500
& Co.—
W. Scranton
900
see
7
United-Carr Fastener Corp.—Extra Dividend—
500
H,
The First
Corp.—
Tubize Rayon Corp.—New Name-
500
900
Co
Cleveland
&
Emerson
"•
'
•
\
V '
'
$124,495
i
J.
Volume 158
United
The
lor
position,
of E. G.
United
"The
will
the
Plowman
Steel
his
assume
creation
permit
States
of
traffic
this
of
Delaware,
a
and
Mr.
Plowman
the
been Traffic
has
l937.-j~V.
158,
Manager of Colorado Fuel & Iron Co.
\
1773,
p.
insurance, etc., $38,269; debt expense applicable to
presently outstand¬
ing issues, $44,212; total, $8,229,014,
registration statement with the Securities
for 100,000 shares of 5convertible pre¬
a
Commission
Liabilities—$5
non-cumulative participating preferred stock
(10,306
par), $206,133; common stock (50,000
shares, no par), $1,~
long-term debt, $4,400,000; accounts payable, $23,482; cus¬
tomers' deposits and accrued interest
thereon, $22,488; accrued lia¬
bilities, $160,505; deferred liabilities, $329,282;
depreciation reserves,
$1,364,099; special reserve, $88,617; other
stock, cumulative (par $50), and 500,000 shares of'common (no
which are reserved for the conversion of the preferred stock.
The offering price of the preferred stock was
given at $50 per share.
E. H. Rollins & Sons, Inc., and Paine, Webber, Jackson & Curtis are
nanied principal underwriters.
closely coordinated."
Since
filed
has
shares,
par)
position," Mr. Fairless stated,
"will
manufacturing subsidiaries to be
of
Co.—Registers Common & Preferred Stock
company
Exchange
2089
ferred
11 by Benjamin F. Fairless, President.
duties on Jan. 1, 1944.
new
new
matters
Walworth
The
charge of
newly created
Vice-President in
as
Corp.
announced on Nov,
was
Plowman
more
THE COMMERCIAL & FINANCIAL CHRONICLE
States Steel Corp.—New Official—
appointment
traffic
Mr.
Number 4231
the
Of
1
61,912
$619,120
proceeds,
of
shares
67c
will
preferred
be
applied
stock
now
to
the
retirement
outstanding,
in
of
the
$2,943,500
no
000,000;
aid
—V.
$161:
reserve,
of
construction,
158,
to
$303,931;
surplus,
$330,315;
780.
p.
contributions
total,
$8,229,014.
the retirement in
and
Utah Light & Traction Co.—EarningsPeriod Ended Sept. 30^-
Federal
$191,185
$163,261
$2,310,866
bonds
1,404,467
179,757
131,537
1,677,790
-1,940
19,931
140,249
6,106
88,233
engaged
manufacture
The
$5,687
$325,394
$153,834
31,258
41,058
347,243
471,286
$24,188
$46,745
$672,674
"27.097
—„
Balance aft. int. chrgs.™
"Deficit.—V.
158,
"5,331
56,552
and
$625,120
sale
have
to
declared
holders
of
valves
an
of
dividend
a
record
Dec.
V
cents
This
share,
per
oper,
Sept. 30—
C. &
20
$1,623,940
Operating
revenues
Operating
expenses——.
833,683
—AA/.A.—
80,780
Federal
taxes
Other taxes
Provision
143,844
———
$1,458,105 $18,584,845 $16,378,152
7,967,309
6,971,889
647,056
2,650,067
1,867,860
'
198,555
1,600,521
1,710,020
128,147
maintenance
225,000
25,000
reserve.
and
114,325
Electric
1943—12 Mos.—1942
.™—'
investments™™™-
150
Net
150
V
Net
1,800
1,800
$4,805,118
8,618
$427,611
$383,882
Net inc. after int. chgs,
205,833
158,549
Dividends applicable to preferred stocks--——:
$4,813,736
$4,626,096
1,883,048
1,704,761
1,453
Other income, net-™——
income
Gross
------
2,149,669
1,704,761
Amends Refunding
Plan—
.-y
1
bonds
The
r
I "Includes Fed. tax
first mortgage
V
..
.
for
The
taxes
tax
cates
1,112,012
Operation
Maintenance
Depreciation
234,983
-
taxes
514.880
™———
221,966
Federal income
Other
180.879
™-
taxes
4,019,470
1,014,624
4,591,582
560,812
$3,855,898
$'5,034,094
$5,152,394
c.'
;
7,405,060
net
in
result of
a
560,812
10,013,002
Net
Income,
provisions
Sept.
for
amortization
30,
1942.
Federal
The
income
being claimed
respect of certain facilities
issued
"Total
Sept. 20—
revenues.
as
expenses-
Gross
excess
after
determined
and
■
273,116
569,929
$9,080,914
2,057.538
2,755,007
Net
income
$526,540
$505,714
$6,171,868
150,876
1,895,333
$360,245
$354,837
$4,276,535
$3,708,723
1,171,602
.1,171,602
$3,104,933
$2,537,121
"Fed.
Balance
•
dividend
$4,688/612
1,002,670
1,002,670
/
$6,325,907
1,336,893
lpquiremJttvS—■—-—~
taxes
tlncl.
—V.
stk.
com.
$3,776,957
included™.™1
special
3,462,000
adj...
tax
$3,685,942
3,271,6581
749,680
and surp/usy..——
Balance for common stock
—v
158,
1578.
p.
-/""''/'a
1943—9 Mos.—1942
Operating revenues
"Expenses, taxes, depreciation, etc.';',44—™
12 Months Ended Sept. 30—
Operating revenues'
Operation "• -i—1™——
Maintenance
1942
';•/ y-Kry'/y'
™—
—-
.
515,387,395
6'2j1,904
,
.5 ,247,049
680,663
————————,
Provf for
retirement
Provision
lor
1,665,211
169,379
profits taxes-.——1,549,106
™_;-'t1,123,998
taxes.—————
income
Provision
for Federal excess
Provision
for
1 ,470,614
1 ,035,178
Gross
income
1,120,849
Gross
:
2,569,516
$3,883,923
—™—„™™500,000
.™—™™.
500,000
$4,158,437
——
$3,383,923
taxes;
;
<■'
,
1,750,800
1,549,400
2,532,900
losses
investment
on
Income
Statement
in
567,200
and
475,500
.
transportation
(Company
subsidiary-.
Subs.)
1943
;
income
taxes—
income
&
1942
4,612,057
profits
excess
depreciation
tax.
5,975,867
4,124,399
-
$7,946,109
$7,480,860
466,513
554,796
$8,412,622
3,365,210
™™_——-.——A™
charges
Provision
for
(net)—
dividends
Other' deductions.
of
Balance
$8,035,656
—u'™™—1—'
pfd.
on
stocks
of
subs,
Net
—V.
66,767
42,577
$4,650,182
income
$4,195,473
500,000
income
-j
losses
contingent
158,
3,467,143
330,463
330,463
-™—3-:™..'-:™,.-..™-— '•
"Appropiration
560.812
4,920,305
7,003,124
4,609,287
——
income
Interest
4,305,628
investment
on
500,000
$3,695,473
transportation
in
$4,150,183
subsidiary.
780.
p.
Wisconsin Gas & Electric Co.—Income Statement-
1943—12 Mos.-:-l042
$912,212
709,660
1,421,187
$15,263
$17,664 "
716,467
979,588
1,043,855
$731,730
$.997,252
•'
188,580
T$5,640
212,415
271,559
$519,315
$725,693
31,400
100,000
/'
6,804,429
$1,051,117
$1,119,493
Dr6,930
2,404
$1,044,187
$1,121,897
Gross
48,960
'
1942
$7,923,622
7,534.680
$748,758
■
.:,/
$8,585,797
$1,038,215
$698,494
1943
s
taxes..
"Total
v..-U
$439
Sept. 30—
operating revenues—
operating expenses and
Net operating revenues
Non-operating revenues™„™_„„.
917('852
„.
698,055
c-
12 Mos, Ended
Total
—:
„™__i:__v/
Deductions /—
2,472,978
$4,658,437
..
-
t,nit■■■
Operating income-™..
Non-operating
income.
682,047
capital
1,282,115
$6,453,439
.™'„h„A.™™„,™ ''
—
est.
for
$4,811,297
$1,438,851
l ,657,828
(deprec.;), of fixed
Federal
r'
$724,923
"v
'
$13 ,451,773
/1,463,224
'
$1,121,288
—
Virginia Public Service Co. (& Subs.)—Report-
income
22,306,759
$5,171,324
$7,131,415
■■■
-■—„JJ
_™—
for
158, p. 1079.
Period Ended Sept. 30—
v
1942
25,804,477
Net operating revenues™
Non-operating revenues
1,336,893
4,781,542
975,828
560,812
:
$5,668,191
™L
.1
.™™;—_™'™.„_™
than
other
Provision
West Penn Railways Co.—Income Account-
-.'V>
L.
™__™r——™™_—u—™™™,.™-__™.,™'
Provision
/"For
♦
taxes..™-
--
gross
income
contingent
Taxes
$6,148,190
$4,989,014
</.
—
$8,503,033
1,815,246
Interest
Preferred
$4,779,627
'-™—™'™-.
Company Only
12 Mos. Ended Sept. 30—
2,666,220
dividends™.
^Balance for
$5,523,969
166,295
palance •'™™._————v;
& amortization
Preferred
174,635
"
operating revenues—
•
$41,662,396 $37,440,680
Operating expenses
™———™™™™™„™—c.-! 17,491,818 - 14,939,248
$8,814,410
$6,846,209;
2,066,582
$8,510,985
1.
Dec.
Total
311,377
$6,746,150
income
of
A—
income
"For
]
419,745
deductions
and
revenues.
from
of
State-
1943—12 Mos —1942
$6,473,034
Dec.
on
(net)™——3,315,620
1942.—V. 158, p. 779.
■
the
on
record
2356.
p.
>.
the
Subs.)—Earnings—
of
Co.—Earnings—
tlncludes provision for estimated income
Federal normal and surtax,——
Federal excess profits
deduction
share
per
last, $1.50
1943
income.
Balance
Net
Necessity Certifi¬
$6,426,464
'
Total
157,
revised
and
a
$1.50
holders
June 25,
on
1942.—V.
Co.—$1.50 Dividend
of
to
—™
under
as
1943—9 Mos.—1942
-
17,123
oOl
net luss.
July 6,
on
operating expenses
"Appropriation
$22,176,221 $21,341,115 $29,483,512 !$28,443,366
15,749,757
14,868,081
20,972,527
19,940,333
Operating income-™.
Non-operating income.
$5,698,604
$6,188,992
$530,531
$526,841
revenues.—
oper.
and $1
Deductions
.■'/
.
Other
with $1 per share paid
operating
Gross
8,127,092
10
operating revenues-___;.-™™x-™-;--fci.-.™™„„ $31,472,668 $27,478,083
Net
/"V.--/;/'/"''"'/.','■ '■•■/y-.
6,448,568
ended
West Penn Power Co. (&
-
Dec.
12 Mos. Ended Sept. 30—
tTotal
for the 9 and 12 months periods
$1,155,692 greater than the net
periods in the statement of income
periods
reductions
as
dividend
a
payable
'V' Income Statement
income
respective
the
purposes in
Operating
$2,612,962 $32,871,208 $28,203,336
932,288
11,823,404
10,201,096
161,544
2,347,765
2,214,749
226,935
2,809,473
2,652,498
557,800
7,083,098
5,080,700
203,864
2,618,476
2,345,683
$2,791,622
declared
$50,
Consolidated
1943—12 Mos.—1942
1943—Month—1942
*
3,295,086
800,805
by the War Department, and
passage of the Federal Revenue Acts of 1941
Virginia Electric & Power Co.—Earnings—
PeriodBnded Sept. 30—
1942,
have
par
compares
Total
is $1,138,071 and
the
for
figures reflect
Period Ended
Operating revenues
$5,152,394
3,063,545
on
1942
for
issued
profits
v!
;
$5,034,094
.
consolidated
shown
account
the issue and sale-of $37,1973 and $7,000,000 of gen¬
company's
$3,855,898
—
Sept.,30,
income
are
original plan proposed
bonds, series due
eral mortgage bonds.—V. 158, p. 1578. t
The
000,000
$3,864,350
income
ended
v., v
Commission's rule U-50 to yield the company at least $41,500,000.
interest rate will be named by. the successful bidder.
stock,
291,618
spe-1
income
first mortgage 25-year bonds to be dated Dec.
to be sold at competitive bidding under the
of $42,000,000
sale
1943
directors
Non-operating_ revenues
Net
'
Company has filed an amendment to its registration statement with
the Securities and Exchange Commission which provides for the issue
and
285,037
adjustment-.
Note—The
'
223,197
$3,864,350
before
tax
16,
spe-
Special tax adjustment™
$4,619,095
7,001
$426,158
revenues
oper,
incl.
adjustment1
income
cial
$382,697
1,185
Net
cial tax
:
-
income,
V
•'
Wisconsin Electric Power
216,150
..
J.
Willcox & Gibbs Sewing Machine
The
capital
Penn
Co.
..
1864.
McConnell, formerly connected with Naumkeag Mills of
Salem, Mass., has been elected a Vice-President of the Whitin concern.
—V. 131, p. 4068.
v..-..,.-.
$10,378,573 $10,341,003 $13,710,320 $13,747,978
6,298,073
6,261,908
8,391,189
8,303,966
—
Deductions—West
1,207,488
1,335,030
101,500
income
158, p.
Whitin Machine Works, Whitinsville, Mass.—New of¬
Robert
$1.0,207,672 $10,183,025 $13,471,593 $13,539,817
170,901
157,978
238,727
208,161
Deductions—subsids.
prop¬
erty retir. reserve™, i.
Amortization of limitedterm
Gross
Chesapeake & Ohio Ry.—V.
ficial—
This
deferred
for
Depreciation
,
Operating income
Non-oper. income
1943-T-12 Mos.—1942
1943—Month—1942
N. J,, has been appointed
to deliver class A stock" cer¬
for its old capital stock, in
O.—".-v.:
See
Utah Power & Light Co. (& Subs.)— -Earnings—
Period Ended Sept. 30
City,
Wheeling & Lake Erie Ry.—More Stock Purchased
by
pay¬
with
compares
Subs.)—Earnings—
1943—9 Mos.—1942
__
Jersey
with the agreement between it
and Postal Telegraph, Inc.,
approved by the Federal Communications Commission
on Sept. 28,
1943.
P, 1944.
w-v:.-.
$43,030,577 $39,666,796 $56,970,271 $52,383,103
32,«22,y05
2™",483,771
43,498,678
38,843,286
revenues-™-
expenses
of
accordance
last, and 18 cents on March
during 1942 were as follows: March 31, June 30
18 cents each; and Dec. 28,'30 cents.—V. 158, p. 779.
Period End.
"Total
42
Bank
.—V. 158,
Payments
Sept. 30,
Total
of
14.
National
share,
and
June 30 and Sept. 30,
West Penn Electric Co. (&
"3,841
a
28
each paid on
1943.
30,
1578.
p.
approximately
directors
Dec.
cents
37
18
™:„w'!
income
Gross
"$7,088
plant,
Other income
integrated unit
pipe fittings, how
50,000 different items.—V. 158, p.' 1677.
and
First
Exchange Agent by the above
company
tificates in exchange, share for
Wellington Fund, Inc.—Dividend of 42 Cents—
79,200
8,800
revenues—
Rent from lease of
Western Union Telegraph
Co.—Exchange of Stock—
The
working capital.
70,973
able
oper.
for
the manufacture
in
28,332
7,776
_™„—■
Property retirement res.
appropriations ;™—
Net
and
Company^ and its subsidiaries, which constitute
$1,657,606
taxes ,™™™>.™™,™.™™;
Other taxes
such
1943—12 Mos.—1942
1943—Month—1942
Operating revenues _2w
Operating expenses'. —j™ A!:
part of outstanding 20-year first mortgage 4W> bonds
reimbursement of the company for money expended in
acquiring
289,457
income
Deductions
™L™_„.„.„™__—™_™™™™_:
from
income
gross
proi its-post-war
'
Operating
Other
..
$4,007,235
$2,678,395
(net)—
12,092
$4,019,227
"Federal-
$2,716,320
3,070,199
1,986,588
Gross, income
deductions
-..
™
income
Net
37,925
income
income
Income
v
Cr206,689
credit
Net income
—■——.
—™—
$729,731
capital '™™™™J.,t™™'.—™—«_3—~™™-.--
fixed
fotal
)ther
physical
nvestments
lash
and
S.
working
Jotes' receivable,
660,000
'•
Net
"Net
87,463
102,448
Prov.
573,941
921,567
Total
preferred
and
Bonds
—
Deferred
contracts
purchase of
for
within- year
Other
accrued
Retirement
—
(deprec.) reserve of fixed capital—
aid
in
construction—-—.—
of
deficit
—
——-
J—
Total
-V.
Federal income tax.™—
reserves
Earned
158,
398,855
469,883
763,858
186,334
242,307
rnr.534,517
198.730
Plan.
increase
the
In
the
10,030,930
159,700
9,438,133
3,947,048
205,733
1,314,549
91,844
196,783
2,799,998
in
the
on
a
$63,203,577 $62,365,994
declared
have
20
of
to
$1.50
holders
a
year-end
dividend of $2.50
per
the
nine
been
made
$469,987
income
there
prices
the
three
of
and
$1,357,004
excess
months
of
of
the
which
months'
amount
recovered
in
recovered.—V.
record
March
10.
Distributiohs of $1.50
each
on
March
20,
June
21
Net
period
1942,
158, p.
tiifes and tubes to
tires
of
Operating
and
this
tubes,
expense
Net
Other
income
to
Tire
recover
Income
this
and
Net
in
$14,736
-Income
Statement-—
1943
taxes
_™™_™™_™™„_
1942
-j
4942
"$978,108
705,807
564,300
$348,291
$413,809
390
$414,199
155,725
249,523
193,326
™__T._™_™™^
reserve—™
126,'786
:
$37,889
Sheet
As
of
Sept, 30,
"y.
$1,226,801
$1,200,777
™.
219
10,588
$1,227,020
$1,211,364
from
gross
-™
income—™—™™.™.
income
522,554
..
excess
and
surtax—-
profits
(net)
income taxes:
r.
•*
—
$716,645
•
.
i/.■.
■
/
365,740
—_™
365.012
458,806
:™™u_™——™^.,
—
;
t—
494,720
$704,466
•
normal
/State
3,446,984
—
:
Federal
M~V.
$4,647,761
3,768,882
taxes____™_..
349,643
68,758
—
65,678
158, p. 780.
i
•
.
;; Worthington Pump & Machinery Corp.—To Pay Divi¬
dend Arrearages—Declares $2 Common Dividend—
$349,052
deductions
and
-
761
—
expenes
$4,995,683
:
1943
Balance
29,469
$20,363
,™„.
revenues
Federal
Yhe
1913
Assets—Utility plant, $7,833,210; special deposits, etc., $77,011; cash,
$84,329; accounts receivable (less reserve of $7,289), $69,929: accrued
utility revenues, $28,300; materials and supplies, $53,755; prepaid taxes,
directors
off the T,'o
of
$3
of
the
share
Nov.
on
17
declared
dividen
a
class A preferred stock
cumul.
dof
$3.50
(par $100),
and
per
a
share
dividend
the 6% cumul. class B preferred stock, par $100,
both payab'.e Dec. 15 to holders of record Dec. 3.
This clears up all
accumulations on these issues up to and incl. Sept. 30, 1943.
Payment
the
Ealanee
$44,205
29,512
Michigan Power Co.
"Includes prevision for estimated
,
now
$1,054,097
special
156,045
$49,875
Sept. 30—
income
Deductions
cost.
y
Co.—Earnings—
™_
to
1942
$200,250
157,229
1182.
an
participants
recovered
was
Gross
Return
permitted
enable
;
income
1943
$207,104
;™.r„™_
Net
operating revenues™..-™™™—
Non-operating revenues
approxi¬
substantially all of this expense has
earnings
income
158, p.
operating
"Total operating
taxes.
1944.
Sept. 30—
and
i
.-■™_____i'—_™™™™_'_™-™™.„:__™_™
12 Mos. Ended
current
revenues
expenses
-Earnings—
"
,™—™—..
income
Wisconsin
year
approximately $585,000
approximately $125,000 Ivas recovered
ending Sept. 30,
1943.
Including
the
Western New York Water
Year Ended
—V.
:
™___i_™™™-™_-_™™™'™,_-'™™„_.;
earnings
Net
2,089,305
',■■.■
Operating
expenses
'/'
_™Ii™__™._i—
™-.i
'
Deductions
$1,526,201
profits
charged against
was!
of
such
portion
a
recovered,
V
1,199,890
per
of
and Sept. 20, last. In 1942, the
following payments were made: March 20, June 20 and Sept. 19, $1.50
each; and Dec. 21, a year-end of $2.50.—V. 158. p. 779..
were
1942
year
first
has
been
633,655
share
payable Dec. 20 to holders of record Dec. 10, and
share on the same class of stock, payable
the common stock,
dividend
retail
plan, upon sale
Appropriation
directors
Wisconsin Hydro Electric Co.Quarters Ended Sept. 30—
1943—9 Mos.—1942
1864.
p.
Vulcan Detinning Co.—-Declares Two Common Divs.—
March
Federal
1942
75,900
Gross* earnings
Total
508,167
for
year
217,832
.
$562,794
provision
the
in
;
tax
333,268
62,368
15g^-p-:
—V.
$12,024,578 $13,543,704 $33,313,298 $42,507,300
1,070,961
1,103,642
2,556,894
3,615,506
income
profits
350,732
(net)™™™™™v-™™™r-™™--
share
$7,700,626 $18,282,665 $23,934,857
5,843,078
15,030,633
18,572,443
$818,000 representing expense of the Government
In that year the Office of
Price Administration
Total
The
1943—3 Mos.—1942
1,652,829
1,220,395
Reserve for prior years'
Contributions
492,699
2,886,768
1,483,784
liabilities
Deferred credits
Other
416,213
203,558
■——
and
.
550,924
—.—:—
accrued
384,900
per
J .:
5.442,244
earnings
mately
112,589'
taxes—™—
cents
stock, payable Jan. 3 to holders of record
$6,582,334
.
Fed.
Note—In
in
™-~—. ■.
1
taxes
current
_
due
—u__„„-™-__™
and excess profits
income
Interest
Other
36,500,000
—
Accounts payable
Customers' deposits
Federal
buses——
of ^buses
purchase
9,420,400
36,500,000
< $100 ,par)__-—— -f—
debentures
f—-—_■
contracts for
Deferred
-
for
excess
Net
$782,000
9,420,400
stock
15
Supply Co.—Earnings^—,
—
■'Before
$782,000
par.)™—---—.™.—
of
1864.
p.
earnings
&
$63,203,577 $62,365,994
($1
stock
158,
dividend
a
company made the following payments:
15 cents each; Oct. 1, 30 cents; and Oct.
1,
1.415
881,795
Liabilities—
Common
declared
the
July
sales—retail
656.166
--------
1942,
and
cents.—V.
Wholesale
514,240
™-_™:;™l—™———. ——
1
Western Auto
,005,815
debits,
During
April
Period End. Sept. 30—
and miscell
from customers
'repayments
leferred
1,010,467
1,215
™/_—
50
16
value common
par
15.
2,
.'supplies,-——
Lccounts receivable
and
no
Nov.
on
$676,102
63,100
profits
excess
Operating
1,810,815
3,310
,000.000
™,^—™—— i-r-
certificates-™----——---
23,
1,168,712
,505,921
deposits.-^™.
tax
th?
on'
™_— —
10,588
lunds
special
directors
445,795
$607,742
:
"Includes provision for estimated income taxes:
Federal normal and surtax_™_
™—
779.
$'55,152,608
1 .865,417
property—™™-...,.
Government
Materials
$53 ,635,666
——,-r—.——f——-r
•
Miscellaneous
J.
1942
81,000
income
Federal
Jan.
1943
Assets— /
included
158, p.
Net
West Virginia Pulp & Paper
Co.—15-Cent Distribution
/Dee.
^
Comparative Consolidated Balance, Sheet Sept. 30
taxes
fDeficit.—V,
The
$949,129
$509,914
436,445
™_™™.—™
other taxes'—
for Federal excess
prov,
per
dividends
current
stock
and
The
on
just
year
to
declared will bring total disbursements during
$82.25 per share on the l'/c class A preferred
$70:50 per share on the 6%
directors also declared a dividend
to
class B preferred stock.
of $2 per share on the com¬
payable Dec. 20 to holders of record Dec. 10.
This is the
first payment on the common stock since July 15, 1922.
Regular quarterly dividends of $1.75 per share on the 7
class A
preferred stock and of $1.50 per share on the class B preferred stock
have also been declared, both payable Jan. 1 to holders of record Dec.
mon
15.
stock,
The
preferred
V.
usual
quarterly dividends of $1.12V2
issues
158r p. 1774.
are
payable
Dec.
15
o
to
per
holders
share
of
on
record
both
Dec.
prior
3.—
THE COMMERCIAL & FINANCIAL CHRONICLE
2090
Company and Issue-
Redemption Galls and Sinking Fund
Eastern
Shore
Public
Date
Service
Co.—
Notices
Elk Horn Coal Corp.,
collat, trust 4s, due 1956——
1
Company and Issue—
Acadia
6'/c
Date
State Bridge Corp.,
Alliance Public Service Co.,
American
British
due
bonds due
1
1
1858
Globe-Democrat Publishing Co., 7'/'>
1
1858
X
1732
preferred stock
Continental
&
American
5^
Corp.,
..—Dec
Co., general mtge.
Arkansas Power & Light
ref. mortgage
1st &
1437
30
.
Jan
1
collateral
Bavarian
Brewing Co.,
20-year
.
bonds
trust
—Jan
1st mortgage 6(/o
bonds
due
1957----
—Nov
Home
Bernhardt
Appliances,
1
1031
Buffalo Niagara Electric Corp.—
tfy'-Gen. & ref. mtge, 3 Va
bonds, series C;
California
due
Electric
1956
Power
Co.,
1st
mtge.
trust
Cincinnati Gas & Electric Co., 1st
mtge.3M>s, due 1967—Dec
1
1
1729
Commonwealth
Edison
Co..
Consolidated
due
28
Oil
Corp.,.
———Dec
15-yr.
3 V* 7*
conv.
Crane Co.,
1
10-year 214^
debentures due
1634
—Dec
1950—
27
due
Domestic Industries, Inc.,
Dominion
bonds,
Gas
due
&
10-yr. 4Yz'fr debentures.
Electric
Co,,
1945
6Va%
collateral
1950——_— .Dec
1
1860
Nov 29
1st mtge. bonds due 1952
Hew
:
1860
Corp.,
mtge,
Corp.,
1947.
One East
These compilations of issues of
by the
Midland
new
limited.
In all
cases
are
not
specifically
the figures are based upon the prices of issue.
'*
NEW
CAPITAL
ISSUES
IN
1st
six
1952
——
5 %-7M» 7o
mtge.
quarter
Dec
——„———
the
1st mtge. 4s due 1964..
than
assets
when
estate
owned by
the
carrying' insurance
President
Reorganizes
Combined Food Board
Rearrangement of the Combined
Food Board and the admission of
Canada
to
announced
full
011
membership
Oct.
29
by
Presi¬
dent Roosevelt.
Agriculture ' -Wickard
is
made
"neutral chairman"
and - Marvin
Jones, War Food Administrator,
is
made
the
American
£963,000
and Mr. Jones has set up a Food
1943
Requirements
£57,145,000
8,041,000
£3,068,000
£1,280,000
£660,000
533,000
928,000
2,147,000
£65,186,000
£3,601,000
£2,208,000
1,108,000
495,000
117,000
£2,807,000
1,100,000
andi
Allocations
£3,731,000
4,304,000
Committee to pass on all domestic
and foreign claims for food from
£8,035,000
American
sources.
£66,294,000
£4,096,000
the
Illinois and Wisconsin investors
savers
largest
had
in
had
amount
on
June
they
insured savings
associations,
the
Loan
30
have
of
the
ever
and loan
£2,325,000
second
£3,907,000
half
during which
was'achieved.
a
•
year
in
—
a
row
gain of this size
.
The bank's
announcemeptf add¬
ed:.
"Total assets of the insured as¬
sociations climbed to
$404,350,606
by June 30, as compared with
$381,648,824
on
Dec. 31. Reserves
was
1941
15
Western Utilities Corp.,
Youngstown
1861
G'>
Tube
Sheet
19^4-1947
1
1861
30,
the
prosecution of the
war effort by
obtaining a planned and expedi¬
tious
utilization
sources
of
the
food
1384
7
1864
—Jail
1773
The
1774
1677
.
notes due 1952—
Co., serial
Tube
&
that
ex¬
7
ended Sept.
year
totaled
Association
of
Dec
debentures due 1964 .^i_Dec
Co.
is
com¬
now
with
members
8
serial
v;'"
■■
total
a
28
of
37
■
Edward
C.
Schultze,
of
the
County National Bank,
City, was elected Presi¬
Jersey
the
of
Association
their
books
on
for
the
Jersey,
named
City,
Jersey,
Vice-President
of
Co.
and
were
Sec¬
mittee
term,
elected
are
for
Arthur
a
one-year
M.
Mueller,
Chairman, and John F. Schmidt,
ford
A.
G. Hansen and
Spoerl
Clif¬
named
were
for
two years.
Eugene T. Huberti, both for
one-year
terms, and
The
Clearing Committee, which
appointed in 1942, continues
same, consisting of Ray M.
the
excess
the basis
end
assets
of
of 95%
of either assets
The 1942
the
edition
first
time,
1942,
of the
or
rev
also contains,
composite fi¬
nancial statements of the
compa¬
nies for the years 1937
through
1942.
These composite statements
been summarized in a 10-
have
page report also
"The
the Electric
issued today en¬
Financial
Record
of
Utility Industry, 1937-
This is
a
factual statement
showing the financial progress of
the industry since the institution
uniform
accounting and other
controls.
"This
five-year review," the
special report states, "reveals a
notable strengthening of the elec¬
tric
industry, providing greater
protection for investors in utility
provide
and
greater
ability to
consumers with
increased
service at lower cost."
Copies of the 10-page report
titled
"The
Financial
the
Electric
are
available
Utility
from
Record
the
Valentine Willis.
tistics of Electric
en¬
of
Industry"
'
the
sion free upon request.
Gidney, William H. Dillistin and
re¬
These
country.
had total
enues.
Kenneth M.
Reed, William C. Veit and Edwin
Spoerl for two years.
1944
privately owned electric
utility industry in the nation on
securities
The Nominating Committee con¬
sists of Edward F. Briggs, chair¬
man,
15
entire
of
Members of the Executive Com¬
1864
due
aggregating $18,-
at
represent in
1942."
Trust
the
009,963,065
of
New
15
157.
which
titled
Commercial
1864
194(hDec
debentures
in
1943-1944, and Robert S. Carmichael and Edward T. Purcell,
year
the
1864
Dec
utilities
:
Hudson
7
dated
tin Volume
for
bank, making
notes
utilities,
ing
.
991
presents, for the year, ending Dec.
31, 1942, detailed financial and
operating information on the 359
major privately owned electric
branches and 1 non-member clear¬
banks.
Dec
__„.Dc.c
disclosed
1943,
posed
was
further
1864
—Jan
1981
♦Announcement in this issue;
Committee
the
coordinate
1
due
6s,
-—--Dec
,
1861
1
order
Commis¬
Copies of
500-page 1942 edition of "Sta¬
United
of the United Nations.
Utilities in the
States," which is bound in
blue cloth and may be referred to
Siatislics Of Electric
Clearing Honse Ass'n
Federal Home
and undivided profits
showed a
Chicago, which
serves
the two states, reported gain for the six months in the
on
Nov.
5. The $334,507,169 of consolidated report of the insured
The
annual
meeting
of
the
private share capital in 293 in¬ associations in this district, rang¬ Northern New Jersey Clearing
ing from 5.7% of total assets in House Association was held 011
sured
associations
at
mid-year
one
group to as high as 9% for Oct. 21 at the Crestmont
Country
represented an increase of 8.74%
another group, and in each
case
Club, West Orange, N. J., The
during the first six months, and
representing a higher percentage report presented by the Clearing
Bank
1861
created by the United States and
Great Britain in June, 1942, in
to
mtge.
Virginia Pulp & Paper Co.—
3ft bonds due .1954—_^.Dec
while Lewis
2,768,000
1942
Dec
1st
■».
1st mortgage
retary Treasurer, respectively.
The
■
Bros.-Kennelly Co., 1st mtge. 5s, due 1955
voting
place.
change, it is said, will facil¬
itate
dealing with international
food problems. Under a Presiden¬
member of the Board in his
503,000
—
West
1352
dent
Under the change in the United
States representation, Secretary of
£157,000
Units Funds At Record
,and
was
1
•
1926—
Garage Co.,
$1,810,408,714
sociations
of and balances were $1,446,175,303.
their
accounts
has
reached
its The average daily exchanges for
lowest point since before the de¬ the
period were $6,286,141. The
pression of the 30's, being only largest exchange and balance for
2.9% of the combined assets as of any one day during the year oc¬
June 30."
curred on June 28, 1943, when ex¬
changes were $12,131,986 and bal¬
ances
at $10,781,767.
as¬
454,000
IIL-Wis. Home Loan
;
1943
1
Apr
"
1951—————
Income bonds and notes due
New England Capital
Corp.,
1
..Dec
1478
Dec
stock—'—..
United States Leather Co., prior preferred
stock.
changes for the
"Real
&
1864
j&a
preferred
bonds dated
Terminal
.-
Jan
Buildings—
7
Dec
—
7'7»
Corp.,
Youngstown Sheet
'
7 7
Utilities Employees Securities Co,—
10
debentures due 1946, ..Dec
7'
;
1736
1
Co., 1st 4s due 1964———————Dec
The Combined Food Board
Year
1943
Public Utilities Corp.—
r
collat, trust conv. bonds, series
A, due i960
Werner
£826,000
—_
1540
6#> debentures due 1945„Jan
conv.
1736
bonds
865,000
,
1863 J
1863
..Dec
United
16
Inc.,
£2,203,000
——7.
_..Feb
—Dec
-
1945
1
Funding Corp., 1st mtge. 5 lis due 1949..Dec
Market,
Bus
1948 to
24
32,258,000
1st nine months—
4th
due
——
——
1941
due
1
———.
ctfs.
order, the Food Ad¬
visory Committee and the InterAgency Committee are abolished
1940
Union
7
6%
£24,887,000
months—...
quarter
KINGDOM
(Compiled by. the Midland Bank Limited)
1939
3rd
UNITED
1st mortgage
1860
—1—
r
1st
quarter
2nd quarter
THE
;•
-
debentures
3.Y2debentures due I960—
tial executive
short-dated bills sold in anticipation of long-term
borrowings; and
municipal and county authorities which
6*7*
Twelfth Street Terminal
1860
Nov
of
redemption of securities previously held in the United Kingdom;
loans of
Tubize' Chatillori
1860
1
started.
capital, which
are subject to
revision, exclude all borrowings by the British Gov¬
ernment; shares issued to vendors; allotments arising from the
capitalization of reserve funds and undivided profits; sales of already
issued securities which add nothing to the
capital resources of the
company whose securities have been offered; issues for conversion
or
10-yr,
1860
Fifty-Fifth St. Corp., 1st mtge. 4s due 1955—Dec
companies.
compiled
2
6% bonds due 1958
Jan
purchase mtge, 5</r bonds due 1965-——Jan
Ottawa Valley Power Co.,
capital which has been provided for pri¬
been
*
—Nov 26
—
Colony Investment Trust—
4Mj 7o debentures, 'series B, due 1952
months, too, the aggregate figure exceeds that for any previous
similar period during the past four years.
77;
Of the total of £4,300,000 for the
quarter just ended, £1,700,000
has been on behalf of the Port of London
Authority and £1,000,000
for the South Wales Electric Power
Company. The statistics relate
entirely to issues of public undertakings of all kinds and no
account
have
Studebaker Corp.',
i860
29
—Nov
debentures——Dec
:
Old
six
statistics
1947—
1st mtge.
Avenue
year as a whole.
They now
present quarterly figures covering the war period.
First, it will be
observed that the total for the three months to
Sept. 30, 1943 is the
largest for any quarter since, the war began.
Secondly, for the last
Bank Limited.
bonds due
Oklahoma Gas & Electric Co., 4
1824
1
1
debentures due 1964—.Dec
lien mtge.
Capital Issues In Greal Britain
following
stock—J——1'—l:__i—_i..Jan
preferred
Capital Corp., 67a
York, Chicago & St. Louis RR., 67a
clue
1440
6
conv.
Yyrk City Omnibus Corp.—
capital issues was discontinued.
Figures however have been made available by the Bank for
half-
The
—
Jersey Realty Co., class A bonds dated 1937
yearly periods and for the calendar
vate
1st
Ohio Water Service
ser. B, due 1952—Dec
Studebnkcr Corp.,
Jersey Power & Light Co., 1st mtge. 4M>s due 1960-Dec
Since the War began publication of the
Midland Bank's monthly
calculations of subscriptions to new
is taken of the additional
T
1864
1636
<■
bonds,
bonds,, ser. A—
lstdien 6s, series B, due 1948.
•
:
Corp.—-
1st lion
1772
North American
1
Standard Public Service
Toledo Edison Co.,
North
Jan
1675
1860
14
1943
1860
Nivelle
484
Eastern Shore Gas Corp.—
■
1st mtge. & collat. trust 5%
295
Inc., preferred stock..—...Dec
1
Prior
1824
Eastern Car Co., Ltd.. 6%
1949 '.—-———.—..—Dec
Thermoids Co., 1st lien collat. trust 5';b bonds due
1951—Dec 27
1824
1
Telephone Co.—
clue
& Bros.,
1860
1324
15
(A. G.)
1
1
Dec
series-B.
6s,
Dairy Products Corp., 314debs, due 19601—.Dec
New
trust
—
1863
Suburban General Hospital of Bellevue, Pa.—
1st mortgage bonds due 1945...-.-.
1
Duquesne Natural Gas Co., gen. & ref. mtge. 77a bonds—Dec
—
.1st
Spalding
7
Temple University, 1st mtge. Gle bonds
1824
1
1863
1
Co.—
1939
1
Dec
Service
1944-1954—Dec
1860
*
gold bonds, 4 Va 'A. series, due 1969—.—.——Dec
1st mtge. gold bonds, 4xk(;o
series, due 1969——Dec
1st mtge. gold bolds, 4 Vz 7o
series, due 1971——Dec
due
Southwestern States
debentures due 1956—Dec
Mining Co., 1st mtge. 6s, due 1947
.•
1st mtge.
Public
notes
1
Coal
Sixth Avenue
Delaware Power & Light Co.—
Serial
Springfield City Water Co., 1st mtge. 4s, ser. A, due
1956—Apr
series A,
1729
1
1675
1
1
1st
Dec
.....Dec
—Feb
1823
.Jan
stock—
Southwestern
1735
debentures
:
Corp., preferred
u
bonds,
New
8
1
>
7
——
1860
New
1951
Continental Steel
3Vz7a
mtge.
New
Corp.—
debentures due 1951
second preferred stock—Dec
•
1
New England
Consolidated Gas Utilities
10-year 5'/o
debentures due 1967_._i._Dec 15
1279
1
Nehi
1st mtge. 3 Mas, series I——Dec
GM>
Southeastern Greyhound Lines,
Southern Advance Bag & Paper Co., Inc.—1st mortgage 4MiS due 1955—.
)■■■'
1
a
National Dairy Products
Corp., serial debs, due 1946-47—Dec
redeemable convertible
Dec
Union Gas Co.;
1859
1
■
Shreveport Laundries, Inc., 1st mtge. 5s dated 1942.,._Nov 26
Southern
Dec
10-yrM4J/2%
—2'
Dec
National
1935
——
1733
.
Robbins, Inc., 3.V2 7o
bonds
1728
.
16
Mississippi River PoWer Co., 1st mtge. 5s, due 1951—Jan
1822
1
l
Development Co., Ltd., 6%
preference stock
receivers' certificates due 1945—Dec
Mississippi Power & Light Co., 1st mtge. bonds due 1957-Dec
Apr
Colon
Seaboard Air Line Ry.,
cumulative preferred stock
Monroe
;
_
1*134
1
5Mi7a
—Nov 26
due 1.967——Dec
18G3
1
Mar
_
—
3%, ref. bonds dated 1937—i
1771
1
Merchants & Manufacturers Securities
Co.,
debentures due 1950
Realty Co., Inc.—•
2nd mortgage
1862
bonds, ser. B, due I960—Jan
1822
Nov 30
Inc., class A stock—
Episcopal Church in the Dioceseof Chicago—
•
notes dated Dec, l,
1940—...7.—.;—'——Dec
1
1939
mortgage 5Mas,
186^
1
1
1st
1862
1
•„
by ext. in 1950
1st mtge. 5s due 1952——„—Feb
Jan
McKesson &
1
..—..Dec
Electric Co.t—
Salmon River Power Co.,
'M'j'V
47o
1950.—Dec
bonds due 1969_Nov 26
^
unified
bonds due
1134
of Delaware—
RR.
'
1
291
Bell
Bendix
15
mtge.
Series C S'/o
'77 ■
1
Maryland Light & Power Co.—
30
1770
1476
gen.
Public Service Co. of Colorado, 4% debentures due 1949--Dec
Feb
1
Nashville
1361
1
Protestant
1859
15
&
1
1952—Dec
Dec
Portland General
'
.
bonds, series A. due 1959———-_Jan
A, due 1950
Extended unified mtge.
debentures due
15
1st mtge. 5s due
1
>
1944—Nov.30
Philadelphia Transportation Co,-—-.--;
■
Consol. mortgage 3 7a-67a■ -bonds, series A, due 2039....Dec
1859
1
,,
—
series
Ltd.—
Telephone Co, of Pennsylvania—
25-yr. 1st & Ref. 5*/o bonds, series B, clue 1945——Jan
:
bonds due 1947—Dec
1
ctfs., series D, due
.
Co.—
Lafayette Hotel Co., 1st mortgage 5ft
Louisville
1959—
due
18 G1
Pittsburgh Steel Co., 1st mtge. Axk7>
Lehigh Coal & Navigation Co., i% fund. & irnpt. bonds_Jan
1630
1321
Atlantic Gulf & West Indies SS. Lines—
5 r/o
Water
1st mortgage 4y47a
bonds due 1956——
5%
Utilities Co.
debeniures due 1966
Kankakee
Co.—
debentures
—Nov 22
GaS Co., 1st mtge. 5s due 1900—Nov 24
Atlantic City
,v;
Light Co,, 1st mtge. 4s, due 1968
Iowa Southern
*'
4Va'/c
Port Concession Corp., Br/o
Asuncion
Paper Co.—
Iowa Public Service Co., 1st
mtge. 3%'w
1933
l
Philadelphia, Baltimore & Washington RR.,
bonds, series D 4M>'<> due 1981——
17
Light Corp.—;
mtge. 5Vz',b bonds, series B, due 1954—_XDeo
ref.
1476
preferred stock..————Jan
615
Pennsylvania Glass Sand Corp., 1st mtge. 3M2S due 1960_Dec
&
Iowa Power &
1525
2
..Nov
1955.
1967—Dec
Iowa Pwr. & Light Co.. 1st mtge.
4M2S, ser. A, due i958_Mar
debentures
bonds due
bonds due
International Rys. of Central America—
1st lien & ref. mtge. 6M2M' bonds
1821
1
stock—————Dec
preferred
Co.,
Co., 1st mortgage 3%'»
Isf & ref. 5% sinking fund mtge. bonds, series A & B.Dec
1
Distilling
1st &
81
1
1953
Apco Mossberg
Power
Illinois Power
Page
1
Dec
preferred stock——Dec
Heywood-Wakefield Co., 5 7a debenture bonds due 1946—Dec
Idaho
1
Phelps Dodge Corp., conv,
series A, due 1944-1946..—.—Dec
Paae
1964....Dec
40-year guaranteed 4Va7a
1858
bonds,
Date
..
Pennsylvania Co.—
1
16
Dec
1952.
1st mtge. 5s clue 1957.
Bemberg Corp., 7%
American,
Dec
1954.
due
4'/<?
1824
1857
International
Sugar Refining Co.general mortgage bonds
Alabama
Peaslee-Gaulbert Corp.,
1
Dec
1824
General Theatre Investment Co., Lt.—
1st mtge. serial
preferred and common stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Issue—
1824
Machinery Corp., 316 debs., dated Dec, 1, 1941——Dec
General Shoe
Corp., 3Vi'/o debentures due 1956—
Dec
list of corporate bonds, notes,
and
1
.
a
Company
Patersdn & State Line Traction Co,, 1st 5s, due
.
Food
Below will be found
Page
\ V ' '
,
1st mtge. & 1st lien 20-year 5Mi#/ gold
bonds, ser. A—Dec
1st mtge. & 1st.lien 25-yr. 5'/v gold bonds, series B—Dec
Monday, November 22, 1943
Of North N. <1. Elects
The
Federal
announced
Power
on
14
S-30,"
the
$2.00
a copy.
accompany
publication, for the sixth consecu¬
form of
tive year, of its annual
payable to
report
are
not available
are
sold by
the Federal Power Commission at
Commis¬
Nov.
"FPC
for free distribution but
Utilities Issued
sion
as
en¬
a
titled "Statistics of Electrical Util¬
United
ities in the United
acceptable.
States," which
Remittance should
order
check
and
or
be
money
in
the Treasurer of
States.
Stamps
the
order
are
the
not
Volume
Number 4231
158
The
statement
has just
of
THE COMMERCIAL & FINANCIAL CHRONICLE
condition
of
the
National
banks under the
been issued and is summarized below.
Comptroller's call of June 30, 1943,
For purposes of comparison, like details for previous
calls back to and including April 4, 1942, are included.
CONDITION
.
,
OF. NATIONAL
BANKS
.
.
..
.■
.
.
..
;
■■
..
.
IN
^
.
....
.
'
■""
;
UNITED'STATES ON APRIL 4, JUNE 30, DEC. 31, 1942, AND JUNE 30, 1943
[In thousands of dollars]
—
;
'
April 4, 1942 June 30, 1942
Dec. 31,1942
June 30,1943
■.
%
'
'
(5,115 banks) (5,107banks) (5,087banks) (5,066 banks)
■
...
s
,
Loans
•U.
S.
and
11,569,311
1,563,719
2,116,310
...
political subdivisions...
2,082,182
bonds, notes and debentures^—
.Corporate stock, including stock of Federal Reserve banks—
loans
and
194,952
10,665,769
'Other
Total
10,901,795
13,299,723
1,629,269
1,960,534
1,558,910
197,688
.
Government
Obligations of States and
investments..*..:
,
-L,—;..,:————
10,200,798
9,190,143
22,261,410
28,514,634
1,563,941
1,675,768
2,026,333
2,022,493
1,441,134
1,340,099
171,744
193.760
in
with
other
banks,, including
balances,
reserve
.Bank premises owned, furniture and fjbctttreLj^A'-^l
Real
estate
owned
>
other
than
42,918,721
'16,250,270
591,922
588,690
580,476
Liberty Bond Act, (as amended) outstanding
1943, totaled $162,914,803,393, thus leaving the face
obligations which may be issued, subject to the
of
amount
$210,-
bank
premises
72,494
61,060
47,530
53,445
52,526
51,340
49,285
34,950
32,316
23,294
30,509
63,594
74,926
86,079
47,599
56,026
46,140
*44,718,965
*54,780,978
58,972,352
000,000,000 statutory debt limitation at
$47,085,196,607.
In another
table in the report, the
Treasury indicates that from the total face
amount
of outstanding public
debt obligations
($162,914,803,393)
should
be
deducted $5,739,886,070 (the unearned
discount on sav¬
ing's bonds), reducing the total to
$157,174,917,323, but to this fig¬
ure
should be added
$1,174,570,989 (the other public debt obliga¬
tions outstanding but not
subject to the statutory limitation).
Thus,
grOSS debt outstanding as of
Sept. 30, 1943, was $158,349,488,312,
-
566,697
70,910
■LA--*--'.
representing
or
The
j
'
Customers'
liability on acceptances outstanding.^—.A~
commissions,'rent and other income earned or accrued but not
43,496,537
.
following is the Treasury's report for Sept. 30:
Statutory Debt Limitation as of Sept. 30, 1943
Section 21 of the Second Liberty Bond Act, as amended,
.
provided
face amount of
obligations issued under authority of that
Act, "shall not exceed in the aggregate
$210,000,000,000 outstand¬
ing at any one time."
,
-.other. -real
'Interest,
Second
.
1
indirectly
Treasury Department made public on Oct. 7 its monthly
showing the face amount of public debt obligations issued
the
Sept. 30,
on
15,227,391
bank.
other'assets
and
37,683,586
*14,316,563
cash
and
of
process
investments
29,545,183
14,410,735
59,455
balances
items
28,194,979
74,141
ICash,
•
The
report
.
%%
%
ASSETS>;vv
discounts, including overdrafts.
securities, direct obligations—
Obligations guaranteed .by U. S. Goverinnent_.l.._„.i.._^.:.v-.,^'.--^^-.-r----j
•.
Statutory Debt Limitation As 8f Sept. 30, 1843
under
THE
...
,
2091
that
the
The foliowing table shows the
face amount of
obligations out¬
standing and the face amount which can still be issued under
this
limitation:
■;
Totai face amount that
may be outstanding at any one time
Outsandmg as of Sept. 30, 1043:
.
,'
Demand deposits of
LIABILITIES
]:V.
'
'
individuals, partnerships and corporations:,™—__—
20,287,746
21,945,397
26,730,691
30,518,146
7,721,120
7,841,032
8,307,519
1,493,858
1,189,410
4,842,182
8,971,178
4,589,354
Time
deposits of individuals, partnerships and corporations—
Deposits of U. S. Government and postal savings..^;————L—~
Deposits of States and political subdivisions^-.+A—_-J--.'-
2,735,059
2,741,720
2,695,194
*6,498,697
*7,401,534
7,156,360
.442,861
671,696
633,962
39,477,493
Other
*40,659,117
*50,648,816
54,769,361
31,309,194
*32,367,109
*41,970,784
45.4W.85t
8,168,299
(certified
deposits
and
cashiers'
8,292,008
8,678,032
9,339,510
etc.).A—-I—._™———'
checks,
': i Demand
deposits '—
deposits..^.
Time
.
Bills payable, rediscounts and
other liabilities for
borrowed money^™—
:
12,270
Mortgages
or other liens on bank premises and Other real estate.—
Acceptances executed by or for account of reporting banks and outstanding
Interest, discount/rent and other income collected but not earned——™-—
.Interest,, taxes and other
Other
expenses
accrued, and unpaid—
2,014
3,516
69
'Reserves
™-™—™™i—:r™——™™——-__-™CAPITAL
(see memoranda
42,042
30,118
25,622
73,567
75,197
98,816
225,425
258,899
214,460
ACCOUNTS
-
below)—
39,823,955
.
*41,039,473
*51,042,623
55,146,947
1,511,895
1,507,670
1,563.682
MEMORANDA
value of capital stock;
.'Class A
preferred
1,438,645
1,474,673
540,524
'584.169
515,949
244,466
3,672,582
3,679,492
3,738,355
3,825,405
'
;
"
'
stock
*44,718,965
*54,780,978
'58,972,352
147,254
Reserves:
«
Reserve's
•
■
Reserve
'
V.
■
for
Reserves for
U.
S. Government
1.504,841
1,498,680
4178,014
:
,
14,399
V'\-
255,504
268,555
•
.
Add
1,:
244,466
255,504
268,555
7.610,03.9
8,887,463
507,682
475,922
to secure
3,801,844
..
secure deposits and other
liabilities, includ, notes
securities sold under'repurchase
3,801,926
•
%
.
.
595,492
agreement
■
)
542,287
•
94,116
92,981
23,733
•
20,942
4,458,136
loaned
3,840,459
%%:■,
-
92,811
94,353
10,477
11,603
8,221,009
>;
3,529,848
10,006
"
9,469,341
...
F
deposits:
■■-.'*■.
.
corporations
-vY
5io
629
7,264,039
7,293,974
1
4410,22L -•i+Vrl:
20,287,746
•
21,945,397'
1,457,768
War loan., accounts-.,
340.306,:
:jj,
26,730,691 '
the United States
American branches of foreign banks)
•
r
of
—
(including private
banks, in
,1,152,299 V+'
4.797,494
,2,407,420
.
2,409,675
——
banks
327,657
2,426,924
(! 30,518,146
f 4,288,862
I
241,994
Other accounts-—^-—.A—
Deposits
WITH
DAILY STATEMENT
;
.
2,641,444
and
*6,049,289
*6,945,106
OF
>•
.
,
'
"'369,843
398,873
412,177
;
■
•
-
Time
*'
.
of
31%
for
rates
of
the year
increase
to date.
in
all
deposits:
;■
;
'■
,,
442,861
*671.696
1
45,429,851
.....
1
f
—
7,091,136
'
''Certificates' of
-
"
'
432,257
deposit—-————•—r;
7.721,120
Depdsits accumulated for payment of personal loans—it.
Christmas savings and .similar accounts———
—;r).
Open accounts
————————
PMBPI
1 d-iff
66.821
same rates of increase as in the first
part of 1943, since
the latter part of 1942 already showed
very big gains in sales.
How¬
ever, it is notable that each section had a much higher
occupancy
this month than last, the average for the
country being 86%
pared with 79%
and
five
All
in July.
The
present
groups—Philadelphia, Cleveland, Detroit,
Others—surpassed their previous records."
Total
Total*
New
York City—
Chicago
A
Philadelphia
Washington —1
Cleveland
+ 39%
411 '
+
39%
Food
+
j./
+ 28
+ 36
+
6®U1
1
Deposits
of banks
American
Deposits
in
the .United .States
branches of. foreign banks)
of "banks
branches of. other
.
22,915
14.320
+
14%.
8,307,519
8,971,178
8,307,519
8,971,178
■Total time deposits
Ratio
of required
reserves
35,615
K-
+ 19
•Excludes .reciprocal -imci OttlMk- wuuim
In call
uiwtw-a
51,580
WUUH.Q
74
84
..+
3
89
76
'
+12
+
8
+ 41
+32
91
83
+
9
+ 40
+ 45
89
80
+ 13
+ 27
+ 50
+ 50
+ 51
90
79
+ 12
+ 24
+ 41
+ 43
+25%.
+40.%.
+41(
Others
+32
^
Total
+32%
.
to
Date.
and not to
.
+31%
"rates"
+26%
wherever
scheduled rates.
+36%
used
"Rooms
to
the
+38
85
73
+
6
+ 38%
:
+35%'
refers
and
■; ;
86%
75%
+
8%
71%
+
7%
+39%
83%
sales
average
restaurant
per
occupied
room
only.
August Home Mlg. Recordings Up Slightly
More than $355,000,000 of non-farm
mortgages were recorded
throughout the United States for the month of August, the Federal
Home Loan Bank Administration
reported on Oct. 16.
The August
mortgage volume was 1% over that of July and was nearly 6% over
August of 1942. It was 17% under August of 1941.
The
announcement further said:
"Banks and trust companies increased their
recordings by
from
the month.
"For the first
46,866
000!;of mortgages
11 %
less than in
4,051
4,051
8,292,008
8,678,032
9,339,510
24.83%
24.82%
19.31%
increased
seven
were
the
their
1942
with
a
16.80%
17.37%
17.28%
-10.56%
11.14%
11.18%
17.32%
17.285c
16.06%
15.79%
months
of this
recorded
first
8
activity
vimcu
over
""
total of $2,410,000,classes of lenders—nearly
year a
all
of
the
1942.
Individual
gain of nearly 8%."
and amount of mortgages of
$20,000 and less
August, 1943, by type of lender, follow:.
Number
Savings and
loan
associations
and
trust
savings
Individuals
banks..—.
—
Otber mortgagees
Totals
$119,385,000
4,938
...
...
24,072,000
20,003
companies
68,043,000
3,780
34,601
15,061,000
1
78,455,000
1^,867
—
——_—i
re¬
Amount
40,749
Insurance companies
Banks
lenders
January-August period of
The number
Mutual
TNot available
are shown under
by
months
19.17%
10.46%
over
July to August and savings and loan associations gained
Recordings by all other types of lenders declined for
2%.
over
53,504
16.69%
»v»v«
4
90
83
1: +
+ 42
6,918
reports prior to June 30, 1942. reoiprocallbank balauces were reported "gross.
IRevised
§Excludes reciprocal interbank demand balances with banks in the United States the. amounts of which
the "Memoranda" above.
In call reports prior to June 30, 1942 reciprocal bank balances were reported gross.
-•'Memoranda'* above..
-
20
+ 33
-
+ 38
corded for
——
-+ 65
+
——+36
Texas
alon£
8,168,299
•
:
Deer.
+13%:;
■
+ 24
258,917
4,713
—
83
+ 19
9,073
'
——
or
71%
89
+ 26
268,270
plus time deposits: '
Total, Central Reserve city- banks———
Total, Reserve city banks ————
Total, Country, banks —
—:—'
Total, gll member National banks——
v
„1_—
—;
to net demand
1942
87'
+ 26
334,300
;
85,705
—-
—
1943
Increase
+26
"
foreign branches) ii
Aug.
+35
—
14,196
..
1
,
Room
Ratet
Occupancy
,
'
..———————
in foreign countries (including balances of foreign
American banks, but excluding amounts due to own
Coast
1942
+ 27
+ 12
74,852
325,384
-
(including private banks and
—
7,841.032
21,770
—alf—L—
——
Deposits of States and political subdivisions.^a——a__,—:
Pacific
+ 35%
+ 58
+
2
com¬
high,
new
'
+ 45
L—vL +25
Pacific Coast
5%
7,721,120
—
Beverages
42%
+ 28
+
9
a
Aug.
Rooms Restaurant
+39%
+18
Detroit
All
is
occupancy
AUGUST, 1943, COMPARED WITH AUGUST,
-Sales, Increase or Decrease-
87,481
.
Deposits of U, S. Government——
Postal savings deposits——
—
more
maintain the
163,337
—
»
adds:
were
preceding month; and in comparison with the
averages for the year to date, all increases, with the exception of
food sales, also were smaller.
From now on it will be difficult to
633,962
*41,970,784
:
..
and^ corporations—
The publication
of income
sources
.
*32,367,109
,
Accountant," published
moderate than in the
'
396,668
390,6
31,309,194
(transit account)---——„L1-r—--
Deposits of .individuals-,, partnerships
'. Savings deposits.^
—;
,
.
-y .;
$158,349,488,312
redemption value) ac¬
by Horwath & Horwath, New York public accountants/ reports that
total sales for August were up 32% over the
previous August, which
is three points less than the
gain in July, but one point above the
tThe term
•
I
'
;'
„
-Total demand deposits.
>•'.
,
banks
8,004,910
970,623,359
August Hotel Sales Higher
Year
''
-
Reserve
$195,942,720
The October issue of "The Horwath Hotel
1
foreign branches!
1—---rrCertified and- cashiers'-checks- (including dividend checksi, .letters of,
■;
credit -and. travelers' checks sold for ca sh and amouiits due.to. - Federal
STATES TREASURY
1,174,570,989
1
...
UNITED
debt
'
*
THE
debt outstanding as of Sept. 30, 1943
•Approximate maturity value,
Principal amount (current
cording to preliminary public debt statement $24,478,406,680.
6,693,266
6,757,337)
4
$47,085,196,607
1943
.
—
Deposits of States and political subdivisions———
authority—L-—
gross
4,075
Deposit of U. S. Government:
v,
above
obligations outstanding but
statutory limitation;
Interest-bearing (pre-war, etc.).
Matured obligations on which interest has ceased
Bearing no interest
7,289,270
3,485
51.7
'"3,532,330
.
7,260,044
1,965
424
Reciprocal balances with banks in the.United.States——
Deposits of individuals, partnerships and
:
.
3,850,889
t
public
;.,y;
—
under
subject to the
"The
''
Deposits secured by, pledged, assets pursuant to requirements-of law__—Borrowings secured by pledged assets, including rediscounts and repur•» chase ^agreements
Other liabilities secured by pledged
assets_L------,-Ia->.'---~-7-r---^^-~-
Demand
201,452,936
$157,174,917,323
other
and
■
115,952,675
stamps).——™
,
increase
212,778]
...
4,515,185
:
Savings
SEPT. 30,
181,589
..;
4,4181
18.658 f
I
,
..
S.
outstanding public debt obligations issued under
authority of the Second Liberty Bond Act
—j,—$162,914,803,393
Deduct
unearned
discount
on
Savings Bonds (difference between
current redemption value and
maturity value)—.——
5,739,886,070
12,645
1192,099
■: 8,612]
■
.
(U.
Totil face amount of
Total
14,085
■
198,742
...
['■•
"Assets: pledged to qualify for exercise of fiduciary or corporate powers
". \<,and.fpr purposes .'other than to secure. Jiabilities^iA-^_--«'--L---^-i--;_'
.-Secured.liabilities:;.
which interest has ceased._
on
interest
$162,597,397,782
168,944
.
184,343
"
obligations, direct and guaranteed, pledged
and
10,877
249,422
preferred stock—-.——...
and bills rediscounted
Securities
13,054,078,000
1.3G1.604
,
contingencies,' etc.-l'—
\? deposits and other.
i Other assets pledged to
•*'
val.)
Face amount of obligations issuable
.
1,358,794
.
14.693
:
- -
206,555
Pledged assets and securities loaned:
,
no
126,199
12.137
1,508,900
'■j
249,442
•
133,910
1,356,521
%•/ 191,862
'-*4r
"yv '
' %v'.'V
11
for dividends payable in common stock—...
for other undeclared dividends.—
account
268,555
"'
_i-
™—_—
Retirement
»■
255,504%
12,451
'.V
—
stock::.V v
stock
Total
■+-;':■
139,928
12,745
_
1
Retirable value of preferred capital
'•
obligations,
Bearing
not
1
%,-.jCla's's;B preferred.stock-^-_:.-.;-i.A-:
.
(Maturity
65,853,657,775
■
•
1,513,385
Class A preferred
$96,743,740,007
'
43,496,537
1,353,386
•
bills
Matured
.;%•■%■'',%%■'
stock
ClassB■ preferred
•
Treasury
1,498,008
1,411,407
515,127
249,442
.'accourits^rLui<„;A--i^-~a_-'--A^--^L—L—„i——
=V--
Par
361,345,750
720,351,607
,
Treasury notes ——$27,015,284,775
Certificates of Indebtedness—™
" 25,784,295,000
v-
RECONCILEMENT
—---i-
{sTotal liabilities and capital accounts-—-——:--———
f.';■
—————
-
memoranda below)
capital
Depositary
Adjusted Service
162,914,803,393
liabilities,
(see
'
34,330
74.779
—-
profits. L—
Total
.
'
..
67
26,008
48,508
.
76
37,232
1,396,118
Undivided
'
Treasury ————$65,443,749,900
^'Savings (Maturity value)..—
30,218,292,750
4,231
99
41,277
169,529
■'
Capital stock
;
'■
'
liabilities
§ Total
Bonds—
2,900,361
6,843,042
396,668
(§Deposits of banks-™———-,——.—.——
$210,000 000 000
■
Interest-bearing:
50,416,000
117,938
$355,432,000
100%
THE COMMERCIAL & FINANCIAL CHRONICLE
2092
COTTONSEED
PRODUCTS
MANUFACTURED,
SHIPPED
Monday, November 22, 1943
OUT,
AND
ON
HAND
with
Produced
Item—
Olass I Railways
and balance sheet items
come
for class I steam railways in the United
of August, 1943 and 1942, and the 8 months
States for the month
end¬
*23,283
383,675
334,125
34,460
425,160
372,478
133,595
(207,409
310,191
285,577
)
1943-44
18,542
575,401
-J
1942-43
190,100
\
1943-44
1942-43
11,964
44,118
331,387
Refined oil
(tons)
Hulls
(tons)
The present statement
The
All Class I Railways;
report is as follows:
For the Month of August
Net
11,8,65,873
108,314.763
100,527,967
138.835,689
147,794.814
1,056,398,453
2,558,701
2,229,941
19,506,553
19,745,690
fixed
13,616,426
115,581,966
289,330,996
295,741,726
117,888
of
118.495
982,966
941,571
Investments
147,325,875
94,398,221
959,076,614
460,808,957
16,886,352
13.395,377
86,416,455
74,667,407
4,145,894
4,250,586
19,709,267
18,334,461
2.73
2.55
2.18
1943
,
Railways Not in
Receivership
•
.
than
com¬
$508,315,301
$483,830,699
$533,134,413
964,665.835
983,613,087
723,573,010
333,041,772
1,050,889,525
302,994,050
——
166.226.319
134,700.258
125,729,653
94,089,427
bills receivable,
277,899
1,011.077
—
257,008
39,263,369
39,464,878
v-'
con-
"
•
32,704,500
30.340.314
.
'
'
•
"''
134,699,936
138.615,665
110,835,541
609.957,744
354.304,899
489.597,587
281,911,683
524,734,449
529,977,852
420.901,956
425,277,091
20,320.312
19,099,102
18,211,411
1.318,545
accounts
and
supplies^—
dividends
1,121,295
1,003,697
17,878,367
873,214
9,445,399
re—
receivable
Other
current
assets—
54,774,093
12,210,102
40.001,163
assets—
4,291.171,283
2.524,095,497
3,299,161,066
2.000,541,938
maturing
,—**$153,373,276
$110,145,858
**$133,260,988
$80,623,884
current
\
Selected Liability Items—
debt
and
15.528.192
16,851,751
1,500,000
152,496,270
98,875,983
108,436,361
1,706,400
car-service
(Cr,),
accounts
payable
Miscellaneous
i
\
X,
329.674,714
Under date of Oct.
unpaid—
unpaid
matured
matured
continuing advance of fur prices. Women's apparel also showed the
largest increase over the same period of 1942. Only two other groups,
men's apparel and infants' wear, changed from Oct. 1, 1942, showing
0.1%
increases.
Compared with the period just preceding the out¬
of war in Europe, piece goods are 33.6% higher and infants'
12.7% greater, these being respectively the largest and the
wear
smallest increase
were
60,395,977
35,320,328
88,448,762
32,979,062
commodity to change during the
month, increasing 0.6%. The fur index has been advancing steadily
since April 1,1943. It is now 5.6% higher than Oct.
1, 1942. The next
largest advance over 1942 was men's apparel, 0.2%. Only two items
6,458,463
Furs
78,056,240
18,427,603
66,609,998
68,742,286
22.957,520
23,761,957
;
18.427,603
22,848,706
20.360,656
20,869,619
liability—
liabilities
1,615,161,891
756,787,733
58,025,831
1,414,737,467
72.792.070
48,595,041
698,797.761
45,964.974
liabilities.
2,544.316.453
1,490,526,687
2,140,758.044
THE
accrued
of
tax
The
than
S,
U.
1,452,073,686
610,682,455
1,282,187,160
580,061,492
Gov¬
PUBLICATIONS
taxes
163,088,205
—
146,105,278
132,550,307
118,736,269
accruals, including the amount in default,
tFor railways not in
receivership or trusteeship the net income was as follows:
August, 1943, $65,945,503.
August, 1942. $70,117,524; for the eight months ended August, 1943, $468,541,895;
eight months ended August, 1942, $380,252,432.
tlncludes payments of principal of
long-term debt (other than long-term debt in default) which will become due within
after close, of month of. report.
follows:
as
August,
KFor railways in receivership and trustee¬
2.43; August, 1942, 2.61; eight months,
1943,
eight months, 1942, 1.94.
^Includes obligations which mature not more
than two years after date of issue.
"Includes $49,000,000 of Delaware and Hudson
Railroad Corporation funded debt which matured on May 1, 1943.
The extension of
the maturity of this debt is under consideration in a debt adjustment
plan.
2.43;
3, 1931=100
1943
Fairchild
Goods
Oct. 1,
1942
69.4
—r._—__
issued
CRUSHED, AND ON HAND
•Received at mills
State—
Crushed
Aug. 1 to Oct. 31
1943
Alabama
Home
Wear
Aug, l to Oct. 31
1942
1943
Oct, 31
1942
1943
1942
2,894,071
1,262,319
1,368,050
1,463,429
101,855
99,099
93 320
82 796
17,196
Arkansas
California
16,944
8,868
10,191
263,127
...
336,315
114,594
22,482
22,122
13,764
11,383
226,735
211,872
129.269
143,411
Louisianna
154,394
130,855
t
75,764
208,339
Mississippi
" Z !8
33F
'
' ?!
158 116
V144
224 716
15,614
82 612
South Carolina.
587,703
72,325
205,376
350,'509
63,161
75,457
84 922
74 047
126,828
118,826
34,639
58,223
22 934
73'069
4l'l34
67,116
78,392
55'l73
Tennessee
201.994
275,635
88,084
99',241
117 176
185 581
Texas
621,431
645,236
338,876
353,097
327224
327 498
68,223
96,780
24,392
31,979
46^234
66io92
All other states
not
include
tons.reshipped for
90,336
and
81,923
tons
1943 and 1942 respectively.
on
hand
Aug.
1
nor
23,803
and
$5,219,582 has
been
the National War Fund in its citywide appeal
Aid
for the USO, United
Service, War Prisoners
and
agencies
23
other
war-related
serving
our own armed
forces and the relief needs of the
United Nations,
Announcement that
30%
of
paign
the
objective
had
made by Emil
was
than
more
five-borough
been
cam¬
raised
Schram, Chair¬
Aug. 1,
1943
Sept. 1,
Oct. 1,
1943
1943
the
113.1
Mr.
1943
113.0
113.0
113.1
112.2
112.2
112.2
112.2
105.3
105.3
105.3
105.3
112.7
112.7
112.7
113.0
108.1
108.1
108.1
108.1
115.5
115,5
115.5
115.5
115.5
84.7
84.7
74.7
84.7
84.7
108.1
108.0
108.0
108.0
108.0
143.8
143.8
143,8
143.8
126.8
126.8-
126.8
126.8
126.8
72.9
135.0
135.0
135.0
135.0
135.0
59.2
94.1
89.9
89.3
89.2
89.2
■
140.5
140.5
140.5
140.5
111.2
111.2
111.2
111.2
135.1
139.3
140.0
141.7
142.6
69.2
—.
140.5
111,2
102.7
102.7
102.7
102.7
102.7
76.5
>-
75.5
83.6
66.8
92.4
92.4
92.4
92.4
92.4
Apparel
Hats
&
Caps-:
incl.
Floor
seeking
largest
the
City
since
relief
unemploy¬
the
of
the
goal
campaigns
$17,000,000 is more than 30%
higher than this past Spring's
Red Cross objectives of $12,920,000.
It is nearly four times as
large
as
last year's USO campaign
locally for $4,450,000.
It is ap¬
proximately equal to the com¬
bined quotas of the last USO and
Red Cross local appeals.
Finally,
$17,000,000 goal is more than
the $3,000,000 contributed
the five boroughs in 1942 to
108.0
108.1
108.1
108.1
108.1
our
114.8
114.8
114.8
114.8
9^.0
twice
99.1
99.1
99.1
99.1
94.3
94.3
94.3
94.3
70.1
105.9
106.0
106.0
106.0
106.0
76.3
109.6
109.6
109.6
109.6
in
109.6
94.3
the
74.0
114.6
114.6
114.6
114.6
103.6
103.7
103.7
103.7
105.9
106.0
106.0
106.0
106.0
69.4
Coverings
.—
—
—1.
129.2
129.2
129.2
129.2
146.8
146.9
146.9
146.9
146.9
66.8
66.8
66.8
66.8
66.8
50.6
—.——
60.1
—-
95.7
95.7
95.7
95.7
93.5
93.5
93.5
93.5
93.5
81.5
Appliances
94.7
72.5
——
Household
129.2
79.9
__—
110.6
110.6
110.6
110.6
110.6
NOTE—Composite Index is a weighted aggregate.
average of subgroups.
Major group indexes are arith-
"New York has
our
Urges Central Agency Under Congressional
fighting allies.
in the air,
and
a
central agency operating under Congres¬
war
contract termination
policies
was
urged
Nov. 7 by Senator Murray (Dem., Mont.), Chairman of the Senate
Military Affairs subcommittee
on
contract cancellation problems.
Mr. Murray recommended that
which would
assure
Congress establish basic policies
26
yet failed
forces
and
our
Now, with victory
it is inconceivable that
this great cause
should fail. It
can
it will succeed if those who
gave to
the USO quadruple their
the War Fund;
to
gave
crease
Mandate For War Contract Settlement
Prompt action for
Fund's
never
armed
own
gifts to
sional mandate to-handle
War
agencies. * * *
103.7
80.9
—.
114.5
74.3
—
—
York
New
member
metric
on
(
"The New York War Fund
114.6
69.7
—
Overalls
—
Radios
Luggage
.
know, by this time,
early 'thirties.
64.9
»
...
——— —-
Shoes
Furniture
York
74.3
—;
Neckwear
&
us
are
of money ever raised in New
sum
69.6
;—~—-——
Underwear
Shirts
of
we
of
Comfortables-
———
Hosiery
said:
Schram
that
143.8
65.0
Apparel;
Underwear
continue the
agencies. In
urging efforts toward
113.1
108.0
68.6
—
&
to
of the drive for funds,
success
"All
112.2
105.2
*
the National War
upon
campaign
his remarks
July 1,
*■"
Aprons & House DressesCorsets & Brassieres——
Men's
Chief of Staff for the Eastern De¬
fense Command, declare that the
armed forces, faced with many
work of its vital war
Service
69.2
———
18 246
1
Reports 30% of
of
total
ment
——A—————
Hosiery
385,605
146,393
55,781
119,696
A
Fund
:
55'835
544,345
.
113.1
;
Goods
Women's
72 518
147,018
....
North Carolina
;
70.2
——
Sheets
11914
101 264
deprive
their
against
The procure¬
raised toward the $17,000,000 goal
of the New York Committee of
who
123,474
Georgia
Oklahoma
?
1,607,949
178,562
that
claim
N.Y. War Fund Raised
depending
'
"
On hand at mlllj
192,990
Arizona..
V
76.4
?
——
———
Furnishings
China
2,635,412
—.—
INDEX
57.4
Infants'
Electrical
(TONS)
clauses
any
days of bitter fighting ahead, are
PRICE
71.8
—
Underwear
following state¬
hand, and cotton¬
showing cottonseed received, crushed, and on
seed products manufactured, shipped out, on hand, and
exported for
the two months ended Oct, 31, 1943 and 1942.
United States
remain
65.1
——
Apparel
Women's Apparel
Socks
the
ment
RECEIVED,
will
it
Infant's Wear
Receipts To October 31
13, the Bureau of Census
COTTONSEED
that
70.7
—
Men's
Shoes
Cottonseed
\
r
News
1933
Clothing
On Nov.
are
RETAIL
May 1,
Composite Index
Blankets
'Represents
ratio was
indications
JAN.
Domestics
Government taxes.
•Does
index.
FAIRCHILD
Cotton Wash Goods
liability:
1943,
the
further fluctuations will continue to be minor."
Woolens
ship the
in
comparatively stable in the near future, according to A. W. Zelomek,
economist, under whose supervision the index is compiled. Any
Piece
current
to
concerns
kept man, at the first city wide cam¬
months, various subsequent paign luncheon held on Nov. 3,
regulations permitted adjustments of the ceiling prices in addition
Assembled
volunteer
workers
to allowance of individual
adjustments, and thereby caused slight heard Brig. Gen. Kenneth P. Lord,
1,274,013,506
'
of
Schram
"After the effect of the General Maximum Price
Regulation
the index stationary for eight consecutive
Piece
current
eix months
increased
5,839,545
de¬
exer¬
responsibility
prime contractors.
from
1942, woolen piece goods, 0.1%, and women's hose,
113.5% over the low of May, 1933, and still
show the largest advance over the 1939
pre-war period. The smallest
rise over 1939 is shown by women's shoes.
5.2%,
29,424,947
6,191,808
them
Seamen's
the only individual
41,576,653
V
71,961,352
•
Unmatured rents accrued—
ernment
that period.
over
274,345,963
—22,957.520
dividends
—
Other
15, the firm's announcement further said: "Of
Copyright
114.598,924
38,990.839
6,800,582
full
unchanged from ment
agencies have not yet taken
1943, remaining at 113.1 (Jan. 2, 1931=100). This is also any steps to allow the subcon¬
unchanged from Oct. 1, 1942, maintaining the level to which prices tractor to
present his claim di¬
declined after the General Maximum Price Regulation took effect.
rectly to the Government."
It is 63.0% above the May 1933 low, and 27.2% higher than the
1939 pre-war period.
accounts
——
pro¬
agencies have not
their
operating under subcontracts.
Many subcontractors have
ter¬
The Fairchild Publications, Retail Price Index is
68,317.755
338,744.727
409,266,856
Unmatured interest accrued
TJ. S.
"Moreover," he said, "the
curement
Sept. 1,
and
——
...
payable
Analysis
of stopping work.
mination'
fluctuations
months.
♦Loans and bills payable—
Total
tractors, controversial cost items,
disposition of materials, and date
Remained; Unchanged In September
declined
re-
ceivable
tax
out
bales
Fairchild Publications Retail Price Index
"Furs
"■'■■■ " ''
receivable
and
959.656
.
'"
1
Rents
Accrued
second
161,252
concerning imports and exports.
break
invest¬
ceivable
Other
bales
out,
the major groups only women's apparel recorded any change during
the month, an increase of 0.1%. This increase was caused by the
1942
1943
1942
—'175,978,455
clared
first
In the interest of national defense, the Department of Commerce
discontinued until further notice the publication of statistics
has
Trusteeship
or
Balance at end ofAugust
1,346,109,157
Unmatured
253,067
bales
48,723,819
—
agents
Interest
out,
43,565
88,975.702
(Dr.)
Dividends
first
bales
Includes
7,683.933
ductors
wages
88,505
held
run.
11,106,167
cash
balance
Audited
etc,
soap,
oil.
160.457,537
orirf
balances
shortening,
winterized
470,156,393
stocks,
epecial deposits
Traffic
Total
of
include
210,517,728
-1.352,009,432
i..*-.
six
includes
run.
28,619 bales mill
manufacturers
Does not
612,842,733
$559,340,121
—
within
to
crude oil.
22,865,507
—
♦Funded
pounds of
produced
mill
bales
and
transit
in
1943 respectively.
and one proposed by the
Terming them conflicting
and incomplete, he said they dif¬
fered widely on such basic prin¬
ciples as formulae to be used in
settlement, payments to subcon¬
WPB.
89.979,467
etc., other
affiliated
Total
linters
34,329
pounds
286,517
from
mission
and
and
26,487,643
in
and
5,086,000
and Oct. 31,
by the War and Navy De¬
partments and the Maritime Com¬
84,471,665
and
equip.)
defense
of
Interest
1943
used
the thousands of business
Selected Asset Items—
Materials
and
staff
of contract termination clauses
son
17,962.309
2.75
Miscellaneous
by refining and manufacturing
in transit to refiners and con¬
488,118,702
Class I
from
29,011
held
pounds
413.901,577
All Class I Railways
balances
14,166
10,164
39,449,000
committee
18,153,239
Balance at end of August
Net
12,913
23,644
and
the
630,995,972
preferred stock—
of income to iixed
.
12,973
15,531
1942-43
by
point-by-point compari¬
a
405,895,928
.charges
and
giving
2,207,121
fRatio
ffif*
compiled
1,657
92.186,588
stock—
common
Roans
1,690
6,565
53,378,285
Dividend appropriations:
ments
101,262
6,610
2,322,067
—-
Temporary
344,001
&c.[ 1943-44
Washington
also quote;
we
Murray made public data
7,9^3
(Produced
and
"Mr.
86,793,732
Federal income taxes——-
Cash
§233,436
49,483,256
projects
panies
278,392
United Press
advices,
*-—-
(way
Amortization
bonds,
§375,901
From
■
charges
and
structures
those
75,380
cised
charges—
fixed
tNet income
On
1,
Aug.
117,218,280
36,835,441
-
charges
Depreciation
On
37,302
401,968
7,744
13,826,000
Gov¬
greater part of the money
in terminated contracts
up
——
fixed
after
16,424,349
35,748,942
——
deductions
Total
Inc.
133,515
300,125
14,106
the
Government
a
subcontracts."
229
and
3,734,000
roads
equipment
Contingent
655,588
271,055
Exports and Imports of Cottonseed Products
•Interest deductions
Other
599,003
296,393
902,020,279
1,036,891,900
145,564,873
136,276,988
and
3,150,000 and 19,226,000 pounds
sumers Aug. 1, 1943 and Oct. 31, 1943 respectively,
/
■(Includes 3,196,000 and 2,042,000 pounds held by refiners, brokers, agents,
warehousemen at places other than refineries and manufacturing establishments
second out
-i-—
charges
Fixed charges: ■
Rent
for
leased
and
for
tied
56,692
556
bales)..—]
§Total
"
.—
200,564
43,295
•Includes
deductions
available,
(164,931
537,251
a
1943-44
]
(2)
celled contracts within 30 days to
"cover
j 1942-43
Grabbots, motes,
921,765,969
income
from
Income
$821,238,002
$948,083,690
$135,928,941
$ 1*24,561.490
14,274,199
income
Miscellaneous
•
1942
1943
income—
income
Total
For the 8 Months of
\
1942
1943
$269,699
and
advance payment on can¬
or
bales)—] 1942-43
fiber
(500-lb. bales).
(500-lb.
Oct. 31
135,927-
) 1943-44
establishments
7
—,,——.i
operat.
ry.
Other
_J
Linters
excludes returns for class A switching and terminal companies.
Income Items—
)
(thousand pounds) _j
Cake and meal
protection of
ernment,
loan
*114,532
1942-43
1943-44
1942-43
Hull
reports representing 136 steam railways.
132
Aug. 1
1943-44
subject to revision and were compiled from
are
Oct. 31
)
oil
(running
ing with August, 1943 and 1942.
These figures
Oct. 31
Season
2rude
totals of selected in¬
statement showing the aggregate
a
On hand
(thousand pounds)-]
For August
of the Interstate Commerce Commission
The Bureau of Statistics
lias issued
Aug. 1 to
due
Shipped out
Aug. 1 to
On hand
their
third;
if
if those
the Red Cross
gifts by at least
those
who
gave
in¬
one-
to
the
Red Cross and the USO contribute
to
sums
the
War
Fund
at
least
equal to their combined USO and
Red
Cross
made
gifts;
or
donations
member
agencies
(1) quick and equitable settlement of contracts combined gifts."
to
if those whd>*
the
double
Fund's
their
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4231
158
State and
2093
City Department
BOND PROPOSALS AND NEGOTIATIONS
31
ARKANSAS
compared to the similar
period, it was reported on
Nov. 10 by State Controller Harry
B. Riley.
But despite the drop which was
as
1942
i.;Arkansas
(State of)
Gasoline Tax Revenues Decline
in October—Tax collections of the
State of Arkansas showed
slight
decline in October, compared with
the corresponding 1942 month, ag¬
gregating $2,700,642 against $2,~
761,702, the monthly report of
a
Murray B. McLeod, Commissioner
Revenue, disclosed.
V
of
attributed
sales
sales
reduction
a
from
rate
the
and
to
tax
earmarking
of
revenues
tax
a
Riley
reserve,
fund cash
as
said
excess
in
to
3
the
21/£%
20%
in the various industrial
:
areas.
and
will
be
classified
by
areas
according to their adaptability
manufacturing or industrial
for
general
the
collection
for
was
>
the
collections of the State amounted
to $10,825,576 and compared with
$10,684,565
in
The
the
corresponding
four months of the preceding fis¬
cal year.
In these
two
comparative
pe¬
gasoline tax receipts re¬
$3,683,531 from $4,257,348, but sales tax collections rose
to $3,413,087 from $2,750,347.
Sales
Tax
from
Increase
in
2%
the
sales
No
tax
that
tional funds for public schools has
been recommended by the Coun¬
cil
of Education
Educational
of
the
The
Chairman.. Marvin
Earle.
It proposes an
to boost the tax.
Bird
offers
no
L.
16
Coral
Court is said to have granted the
above city a review of the recent
decision of the Circuit Court of
Appeals which upheld the obli¬
gation of creditors to the terms
of
the
in
a
debt
brought
Court
in
under
ing in the
000.
of
State
in
the
an
Starts
Land
De Funiak
Survey
Bond
for
should
tral
voters
raise 25%
to
struction
the
of
of
bond
a
the
second
a
tube
the
con¬
be
carry
both
the
Oakland
and
Alameda
"The
tube
new
parallel
the
to
Tube,
but 300
present tunnel.
would
be built
present
feet
west
Posey
the
of
"The Federal Government's pro¬
posal, which pointed this out as
the No. 1 construction project for
Northern
California,
suggested
traffic to Alameda
be routed through the second tube,
that
one-way
while
traffic
from
Oakland would
Alameda
to
through the
come
old Posey Tube.
"Together, the survey said, the
would, give Oakland and
tubes
Alameda
fast
service
under
the
estuary, where the Alameda Naval
Air Station and
yards
are
half dozen
ship¬
employing thousands of
a
spent
was
need
for
$30,000 and
for a survey
such
an
$40,000
on
the
under-water
carrier."
'■*
California
Sales Tax
(State
Revenue
of)
Shows De¬
crease—State sales tax"collections
a
the
civil
com¬
temporary basis To
work, it was an¬
It is expected that after the
there will be much
dustrial
plants,
war
shifting of in¬
war-born
some
plants being forced to cut down
production and others being
forced to expand their facilities.
Efforts
the
are
being planned
commission
and
now
other
by
post¬
planning groups to persuade
plants to establish
headquarters or branches in Con¬
necticut.
For
several
opment
months
the
Commission
Devel¬
has
been
working to help expanding Con¬
necticut plants find suitable loca¬
tions and available floor space so
that they would not have to go out
of the State.
The new' program
will carry this further and will be
projected into the post-war period
when many industrial adjustments
will be necessary.
Since Pearl Harbor, it
by the commission that
,
3,000,000
square
was
noted
more
than
feet of floor-space
in vacant plants have been taken
off
the
market
by
which
cause
have
of the
been
by
Jan.
be
expanding be¬
emphasis
Howell
Nos.
Nos.
an¬
1-20 for
55-59
called
for
for
for the
"in
on war pro¬
duction.
In the survey, Mr. Kane will be
aided by committees of
experts to
be appointed in each of the
major
industrial areas of the State. Re¬
a
Hanover Bank
&
of
chaotic
condi¬
City, with Jan. 1
Co.,
cou¬
Key West, Fla.
Consummation of Refinancing
Plan Urged—-A
recommendation
•
•
that the
original refinancing plan
of the above
city, Monroe
County,
and
the city school board shouid
be carried
through with the co¬
operation of State officials was
announced
aker of
Nov.
9,
by Pat Whit-
Tampa, attorney for
committee
of
Committee
the
Shands
named
by
a
sub¬
Senate
the
1943
State
Legislature to investigate
the tangled financial affairs of
the
three units.
The
public
subcommittee, which held a
hearing Aug. 24 in Key
Senators Beacham of West Palm
Beach, Franklin of Fort Meyers
and
Baker
of
Umatilla
Lakeland, Fla.
Refunding Program
Bond
county,
city
and school districts should be
con¬
sidered
one
they
owed
back
in
"most
The
three units got together in
1935 and pooled their tax troubles
and
during
worked
out
the
a
next
two
years
refinancing plan
Company,
validated
bond
—
The
declared
the State
was
Oct.. 28
on
by
Supreme Court.
based
was
the
on
contention
pledging of revenue
from
the
city-owned light and
water plant would be an
enlarge¬
ment of security for the bonds.
Five
members
of
the
court
voted
that the
valid.
refunding
was
in¬
Justice Terrell and Justice
The decision announced
28
is
reversal
a
of
on
Oct.
ruling an¬
by Circuit Judge D. O.
Rogers on Aug. 27.
The Supreme Court held that a
pledge of surplus revenues from
the light and power water plant
a
nounced
be
cannot
deemed
valid
without
approval by taxpayers, according
to an Associated Press dispatch
amount.
the 1937
This
from
use
utilities
the
pledge
revenue
or
of
Purchased
connection
on
on
with
Tenders—
the
call
Nov. 17 of $100,000
for
series
GM refunding bonds of 1940, A. E.
Fuller,"Director of Finance, re¬
ports that the City Commission
received offers covering a total
of $200,000 bonds, and purchased
a total
of $134,000 3%s maturing
from
1961
to
1965 inclusive, at
prices
ranging from
106.99
to
108.20, yielding 3.14% to 3.29%.
The $200,000
bonds represented
total offerings of eight dealers at
prices
ranging from
106.99
to
111.90, yielding 2.45% to 3.29%.
The Commission rejected offers on
$66,000 bonds.
St.
Bond
As
pay
was
authorized by
Legislature.
Bulk of
the
county and ■ school
exchanged for low interest
bonds before officials learned that
State
Comptroller Lee had threat¬
to contest the 1937 act, the
report said, and this stopped the
refunding proceedings.
Litigation unfavorable to Mon¬
roe
uounty and Key West fol¬
ened
working order,
$180,000
refunding
awarded
recently
Dated
July
bonds
were
to
Stranahan,
Harris & Co., Inc., of
Toledo, and
Boettcher
&
Co.,
of
Denver.
1,
1943.
Due
Jan. 1, as follows:
$110,000 in 1947
1949, $11,000 in 1950 and 1951,
$9,000 in 1952, $10,000 in 1953 and
1954, $12,000 in 1955, $14,000 in
to
1956
to
1956
to
1961.
Bonds maturing
1961, are optional for
redemption on 30 days' published
notice
on
date
Jan. 1, 1955, or any in¬
thereafter at par and
accrued interest.
Said bonds bear
interest at the rate of 3 V4 %
per
until Jan.
annum
per
1, 1946, and 2%
thereafter
annum
to
matur¬
ity.
Principal and interest (J-J)
payable at the District'Treasurer's
office, or at the Irving Trust Co.,
New
York.
Legality to be ap¬
proved by Chapman & Cutler, of
Chicago.
ILLINOIS
the
Cloud, Fla.
Refunding Agreement—
result
of
several
negotiations carried
months
purpose
of saving interest
payments, which will go to 5% on
July 1, 1944, and the new nego¬
tiated terms will make
an
approxi¬
saving to St. Cloud of $300,-
Eleven years ago the St. Cloud
refunded
its
over¬
Commission
debt
Sale
of
$1,200,000,
which
required $100,000 a year
carrying charge. In that time the
city has never defaulted on in¬
Details—The $42,500
(not
$42,000) judgment funding
bonds recently purchased
by the
of
National Bank & Trust Co.
Alton—v.
1.41%
158,
interest,
1983—bear
p.
and
were
chased by the Bank at
pur¬
price of
par plus a premium
of $572.50.
This was the only bid submitted
for the issue, which is dated Nov:
1, 1943 and will mature in ap¬
a
proximately equal annual install¬
ments
Dec.
on
1950 inclusive,
bear
all
1
from
of
1944
to
Thd purchaser will
incident to the
expenses
issuance
the
bonds, including
legal fees.
Big Mound
Township
Fairfield), III.
(P.
O.
Plans Bond Election—A petition
filed recently with the Town¬
was
ship Clerk, asking for
an
to^ submit to the voters
of
$26,000
road
election
an
issue
improvement
bonds.
on
the
whelming
Alton, III.
Bond
First
Miami, Fla.
Bonds
ders
until
bond agreement
County Independent School
District No. 1 (P. O.
Boise),
Idaho
Bond
Sale—It is stated that
surplus
freeholders'
a
election must be held.
$400,000
gasoline tax
the smaller
bonds and part of the city bonds
were
in
and
bond
Tallahassee.
eliminate
In
pay off the
requirements
is valid
terest
Adams dissented.
000.
requirements
to
city
city has a
The
new
program,
George J. Tolson,
er
mate
$160,000 and
money to help
ready
interest
city's $5,350,000
which
refunding
invalid
with R. E. Crummer &
to
funds.
Ada
had been opposed
by Commission¬
former bond house, to cut the an¬
nual
improvements of
the proposed
In¬
New York and Miami, for the re¬
funding of its outstanding bonds
aggregating $500,000.
The refunding is affected for
"for all prac¬
the
of
census
IDAHO
a
total
of $6,000,000
1935, which presented a
discouraging picture" to the
taxpayers and bondholders alike.
purposes,"
man,
comprise
taxing unit and that
tical
operation
sum
the subcommittee.
by Grover
C. Hunter, President of the Citi¬
zen's Bank, as fiscal agent, the
city recently signed an agreement
with B. J. Van Ingen Co.,
Inc., of
West, reported that
each
residing in St.
:
■.
All the public
and
tions."
Cen¬
Trust
for
child
Cloud, according to the
that
pay¬
the
at
$400
and
woman
1940.
found
report, which would result
renewal
1, 1944. These bonds
presented
pons, for payment on date called.
Interest ceases on date called.
war
out-of-State
gional meetings will be called
$11,618,980 in the | within the next few weeks in
months' period ending Oct. • Hartford, Bridgeport,'New naven
decreased
four
after
companies
workers who live elsewhere.
."Between
on
on
on
than
ing proposal must be amended to
floor
vacated
nounced.
$6,500,000.
City Councils pledging the cormmunities' support of the project.
"Under the agreement, the Fed¬
eral Government would pay 71%
of the cost, or $4,875,000.
factory
be
is over, is being conducted
war
mission
under
"The supervisors took their ac¬
tion after receiving letters from
will
by Paul F. Kane, Hartford
engineer, employed by the
estuary, the total cost of which
would
available
that
ment
New York
which will also in¬
compilation of all esti¬
a
mated
issue
of
cost
for sites for
The survey,
space
County Board of
Supervisors today agreed to pre¬
war
establishments.
clude
"The Alameda
the
bonds
each, and
$1,000 each, are
new
article appearing
"Tribune"
of
F.
$100
as
Oakland
to
Springs, Fla,
Call—J.
that
the nation can show a»
debt reduction per
capita;
a
more
It ruled that either the refund¬
mands after the
Issue
part
hear¬
case in the U. S. Circuit
and manufacturing plants in an¬
ticipation of greatly increased de¬
Oct. 28:
sent
Date for
in
great
courts, including the Supreme the
city, including the water and
Court, had not been given the full light utilities
plant have been paid
Monroe County
picture, and that for during the past 11
years, and
the community is now threatened
this plant's
surplus income pays
with court
decrees, being held up around $25,000 a year into the
from
nounces
.
follows from
The
began
recently
a
State-wide locating of industrial
in
quote
proceeding
Municipal
■
Industry—The State Development
CALIFORNIA
Planned—We
a
Court has
No,
CONNECTICUT
initiated act
Bond
embodied
not been set.
Involved
15, and
in
this
litigation
are
creditor
$9,500 Acquisition and Improve¬
ment District Nos. 136 and 1371,; claims amounting to about $800,-
District
provement
Alameda County (P. O. Oakland),
Calif,
Tunnel
in
Bankruptcy Act.
Commission
Estuary
settlement
plan approved by the Federal
call for ten¬
following
$2,500 Acquisition and Im¬
Gables, Fla.
on Debt Settle¬
ment Decision—The U. S.
Supreme
District
of the
Nov.
subcommittee
that specific
Review Granted
in
received
were
the
on
bonds:
,
unanimous approval of a Legisla¬
tive Committee report submitted
by
Received—H.
ders
Arkansas
came
Tenders
connection with
Association, meeting
recommendation
■
Byram, County Treasurer, advises
to provide addi¬
at Little Rock Nov. 11.
*."■
;
Angeles County Acquisition
And Improvement Districts, Calif.
Urged—An
State
to 3%
costs.
the
Supreme Court.
The'
ing
FLORIDA
$67,150,221*
Los
was
The decision against the refund¬
four
$25,598,377 over the sim¬
period, with most of the
gain due to the post-war highway
program
and
old-age
pension
to
increase
the
were up
ilar 1942
riods,
ceded
for
State
that
declared
expenditures
months' period totaling
;''
.
Controller
State
special act invalid and there
an
unfavorable decision in
city
the
purposes.
Stamford (P. O. Stamford), Conn.
Note Offering—Hugh Oefinger,
Town Treasurer, reports that he
$103,141,460.
On Sept. 30 of This year, the will receive sealed bids until noon
month declined to $902,430 from
Controller said, the excess was on Nov. 19 for the purchase of
$1,054,285 in the 1942 month. Cer¬
Dated Nov. 22,
$99,105,545 and was only $60,075,- $500,000 notes.
tain
other
forms
of
revenue
1943. Denominations $50,000, $25,971 on Oct. 31, 1942.
showed declines, such as liquor
,; Riley declared that State rev¬ 000 and $10,000. ' Due June 15,
taxes, which
yielded
$140,793, enue in general
1944.
Issued
in
anticipation of
during the last
compared with $205,188 last year,
four months dropped by $1,548,510 taxes for the fiscal year 1943-1944.
but a large increase in sales taxes
The notes will be ready for de¬
with
other
losses
being liquor
almost compensated for these de¬
taxes and licenses, $417,768; in¬
livery on or about Nov. 22, at the
clines.
Sales tax collections, the
First National Bank of
surance company
Boston,
taxes, $255,473;
second most important form of
against payment in Boston funds.
gift taxes $71,621.
revenue of the
State, rose to $903,/On the other hand, the Con¬ The notes will be authenticated
571 from $752,556.
as to genuineness and
troller announced substantial
validity by
In the period from
July through
gains in several levies, including said bank under advice of Ropes,
October, the first four months of the
corporation and personal in¬ Gray, Best, Coolidge & Rugg of
the current fiscal
year, total tax come fields.
Boston.
Gasoline tax
lowed in other counties and
even¬
a
Leon
County Circuit
Court held the Monroe
tually
County
All available land sites discov¬
.
ered
post-war
of Oct. 31
as
of
and Waterbury to coordinate the
assembling and appraisal of lands
Chicago, III.
Major
Taxing
/
Units
in
City
Area Report Debt Reduction—The
six
major governmental units in
Chicago area effected a re¬
duction of $14,697,000 in their ag¬
the
gregate net bonded indebtedness
in the
an
12 months ended Sept, 30,
analysis of their quarterly fi¬
nancial
statements
bonded
indebtedness
units
Net
showed.
of
the
six
totaled
roundly $281,034,000
Sept. 30, compared with $295,731,000 a year earlier. A reduction of
$3,497,000 also was shown in the
net bonded indebtedness of the six
units from
$284,531,000
as
of June
30, 1943.
of
All
except
the
Cook
six
taxing
County,
bonded indebtedness.
bodies,
cut their
The
terest
coun¬
payments, and has paid off ty's
bonded debt amounted to
$900,000 of the obligation, $34,698,000 as of Sept. 30, com¬
a big aid in negotiating the pres¬
pared
with $24,657,000 a year
ent favorable agreement.
earlier.
A major part of this in¬
The original bond refunding has crease resulted from the inclu¬
been declared by Florida and na¬ sion of the new $8,346,000 fund¬
tional bond experts as the greatest ing flotation, awarded early this
financial program ever completed month to Seipp, Princell & Com¬
around
in
Florida, and it is unlikely
any
pany
in the Sept. 30 total.
2094
THE COMMERCIAL & FINANCIAL CHRONICLE
that,
Floating debt of the six units
$8,336,000 to $13,646,000
ras of Sept. 30 from $21,982,000 a
year earlier.
This reduction in
aggregate floating debt also re¬
flected
the
$8,346,000 financing
declined
operation by the county to fund
like
be
will
taxes
000 for each of the years
haust
1952,,
inclusive;
its unpaid bills
The county, as a
result of this funding operation,
reduced its floating debt to $1,801,000 from $8,077,000, a net re¬
duction of $6,276,000.
The
fact,
however, that the
bonds bearing
county effected a reduction of $6,-
ad valorem taxes to be levied
bonds are to be issued to re¬
fund
like
a
amount
par
of
interest at the
4% and 414% respec¬
rate of
tively, redeemable on Jan. 1,
1944, and are payable from
all the taxable property
upon
District,
Sanitary
limitation
without
rate
to
as
or
certified
amount.
The
City of Chicago's statement
reflected a reduction of $2,721,000
in floating
debt compared with
Sept. 30,1942. The Chicago Board
of Education, Sanitary District of
Enclose
check for
crease.
$20,000, payable to
the District.
a
bonds will
Said
delivered
at
Chicago, on
2, 1944, and the pur¬
chaser. must be prepared to
be
Jan.
for said bonds in Federal
Funds
payable
in
Chicago, and the Forest Preserve
pay
District
reported declines in
Reserve
with a
year ago, while an increase was
shown by the Chicago Park Dis¬
Chicago
also
floating
trict.
compared
debt
clined
units
of the six
debt
amounted
to
$40,999,000,
com-
Di'bt
City
.
55,710
.69,072
District..,,
104,585
107,846
Preserve......
40.999
10.4.31
42,369
11,374
.............
District/.'...
Sanitary
County
Forest
$98,825
58,412
83,039
112,193
79,986
79,125
Schools
Part
....
.
$371,979
Bonded
Net
est
23.762
23,364
71,388
107,121
24,657
10,342
10,678
$284,531
$295,731
..........
70,925
99,406
Preserve...,
("Unpaid bills, salaries,
City
judgments, etc.)
Sanitary District......
County
v
V
Forest
$8,772
286
539
520
8,077
35
City
District
4,640
7.920
10,370
1,015
Sanitary District.'..
.
County
Forest
'
/
"Total
776
$77,299
■
$28,159
34,762
5.874
4,500
Preserve..
$81,774
2,
ries
G
property
Due
tional
1963,
or any
1964,
op¬
bonds
bonds optional at a subdate are called for
any
sequent
,
payment. Bidders shall specify the rate of interest
in
multiples of
rate
for
V4
the
of
1%.
entire
acceptable
bidder
issue.
,
not
less
bid
shall
than
be
t
the
are
same
submitted
acceptable
the District Treasurer's office. The
printed bonds and the approving
opinion of Chapman & Cutler, of
Chicago will be furnished.
specifying
lowest rate of inter¬
notice
of
sale.
i
j
(c)
and also the price in dollars
clusive
of accrued
for such
the
tenders
offering
bonds at the lowest prices.
(c)
Tenders
dollars
value
stating
which
of
the
not be considered.
notice of call will be
(d) Tenders accepted shall ob¬
ligate the county to accept deliv¬
ery of the bonds and to pay there¬
for such amount, plus accrued in¬
Tenders may
the alternative
terest to
will
the
date
yield to
of
delivery,
as
the
county income
at the average yield stated in such
tender/but in any event not more
the
such
in
(e)
all
price
dollars
in
stated
tender.
Right is reserved to reject
tenders
and
not
tender
any
Tenders
all
or
All
of
ery
Of
firm
Deliv¬
made on
be
26, at the county
treasurer's office.
Deficit
offered.
remain
must
Nov.
of
/.
Close
To
•
/.
ty, recently submitted a financial
report to the Board of Commis¬
sioners, which estimated that the
governmental unit would have a
corporate (operating) fund deficit
of
$4,997,600
of
as
Dec.
6.
The
It is
judg¬
being
issue, which
outstanding
funded
into
bond
a
awarded
was
to
are
to
amount
$20,783,873,
compared with estimated
as
revenue
of
$19,907,000, or an excess
$876,873 in expenditures over
of
Call—It
urer,
Dec,
excess
the
with
shown
sheet
in
of
$876,873, together
deficit
the
of
$4,997,600
estimated
balance
Dec.
of
6, made a total
of $5,874,473
for which no ap¬
parent revenue is available, Mr.
Daley said.
as
"The
of
$19,907,000 in
our
preliminary budget for 1944
is an accurate, and fair projection
for next year and should not be
increased," he said. "The expen¬
ditures of $20,783,873 as estimated
revenue
be
must
$876,873
reduced
by the
if expenditures
of
sum
not
are
to exceed the estimated revenue."
/
Cook
County Forest Preserve
District, III.
Sealed Tenders Invited
that
stated
ley,
William
District
J.
Gorm-
will
Treasurer,
re¬
a.m.
Nov.
23, of refunding bonds of
1936, Series A and Series B. Sub¬
ject to the following terms and
conditions, legally acceptable ten¬
ders received offering bonds at
the lowest prices will be accepted
amount
or
under
sum
accrued
the
is
;
reported
that
.
Series of 1936, boncls issued April
1,1936:
Nos.
1940,
date
35
1941,
to
or on
37, callable Dec.
any
1,
interest payment
thereafter.
Nos.
38
or
to
on
42,
any
callable Dec. 1,
interest payment
date thereafter.
Said
bonds
are
payable
at
the
be
redeemed
at
1943,
Said bonds will
their
value
to Dec. I,
per annum
which
on
face
plus accrued inter¬
date
interest
ceases.
Macomb, III.
*
Bonds Voted
and
the
rate
to
pur¬
dis¬
state
or
or
the
matur¬
rates
and
the
of
pointed out in the peti¬
that Christian County has
outstanding and unpaid as of Sept.
1, 1943: 1916 —$45,000 Turnpike
was
tion
bonds
issued
were
sold
and
in
1867, Christian County taxpayers
have paid the equal of the original
amount in interest, it was pointed
out.
o'.\
/The refunding will result in a
substantial saving to the county
and taxpayers.
;
,
Franklin, Ky.
Bond Offering—Ben J. Bradley,
Secretary-Treasurer of the Elec¬
tric
Plant
Board,
receive
will
bids until 3 p.m. on Dec.
sealed
1
purchase of $160,000 not
2(2% interest electric
the
exceed
to
1943.
bonds.
Due
proved
Dated
Dec.
1,
as
Dec.
1,
follows:
$10,000, 1957 to 1960 inclusive, and
$11,000 from 1961 to 1963 in¬
clusive.
Interest J-D.
Henderson, Ky.
issue
an
amount of
Bonds Approved—An ordinance
..
The voters ap¬
of bonds in the
—
$27,000 for the purchase
of the Holland Clinic building for
a
USO center, The Federal gov¬
ernment
will
make
providing for the issuance of $30,000
was
water
works
adopted
bonds
revenue
the
on
second
and
final reading Nov. 1 by city com¬
missioners.
outright
an
grant of $40,000.
■//
Hopkinsville, Ky.
;
Bonds Sold—It is reported that
North
Fork
Township
Ridgway), III.
Voted—An
(P. O.
issue
of
$6,-
000 road
improvement bonds
was
voted at
an
election held
Oct,
26, it is reported.
on
•
$281,000 electric light and
revenue
refunding bonds
purchased
were
on
& Son, Stein Bros. & Boyce, and
Blyth & Co., Inc., all of Louis¬
a
of about
vided
Gary, Ind.
power
Nov. 12 by a syndi¬
cate composed, of J. J. B. Hilliard
ville. at
INDIANA
due
price of 101.526, a basis
on the boncls di¬
1.86%,
follows:
as
June
on
1;
$63,000
$31,000
as
l%s,
in
1955,
and $32;000 in 1956, the remaining
$29,000 semi-annual improvement'
bonds were purchased recently by $218,000 as 2s, due on June 1; $33,the City Securities Corp, of In¬ 000 in 1957, $34,000 in 1958, $36,000 in 1959, $37,000 in 1960, $38,dianapolis, as 0.75s, at a price of
000 in 1961, and $40,000 in 1962.
100.0103, a basis of about 0.745%.
Dated Dec. 1, 1943. Interest pay¬
Due on Dec. 1, 1946.
able J-D.
Legality approved by
Perry Township School Township Chapman & Cutler of Chicago.
(P. O. Indianapolis), Ind.
Kentucky (State of)
Bond Sale—The $10,500 build¬
Repeal of Income Tax Called
ing bonds offered Nov. 17—v, 158,
Feasible—George T. Holmes, Ex¬
p.
1866—wei^ awarded to the ecutive
Secretary of the Kentucky
Fletcher Trust Co. of Indianapolis,
Tax Research: Association, state.d
as
114s, at a price of 100.314, a
recently that the "Kentucky in¬
basis of about 1.20%. Dated Dec,
come
tax
law
can
be
repealed
1, 1943. Due $500 on July 1, 1945, without
disrupting the usual func¬
and on Jan. 1 and July 1 from
tions of our State
Bonds Sold—It is reported
that1
1946
to
1955
high bid of
inclusive.
101.03
the
Indianapolis Bond
Corp., Indianapolis.
Second
made
was
•
&
by
Share
Court
cline
County (P. O. Hopkinsville), Ky.
Approves
Railroad
of
Re¬
funding Issue—Press advices from
morning in his judgment in
case
the
of Christian County vs Allen
S. Clardy on
or
plunging us back into
making it necessary to im¬
the equity docket.
taxes."
pose.' new
enue
KENTUCKY
Christian
government and
without
debt
"The
Ira D. Smith in Circuit Court this
Tenders
must
and maturity
form
/\;0,
interest payable on
of
the
$7,000 from 1946 to 1949 inclusive;
$8,000,-.' 1950 to 1953 inclusive;
$9,000,
1954
to
1956
inclusive;
attached.
fered
(a)
ities
It
refunded
was
in
1943, with all subsequent interest
coupons
Iiopkinsville, dated Nov. 4, reporte das follows:
"Issuance of $42,000 2 Vi Railroad
Refunding
Bonds
of
Christian
County was approved by Judge
amount
issue
revenue
of not to exceed
available for the
of the bonds by the
$619,000
paid
this
of
on
Nov. 1,
$42,000 4V2
Railroad Refunding Bonds. These
bonds are not due and payable
until Nov. 1, 1964, but become op¬
tional for
payment on Nov. 1,
1944.
A;w',
.
1934
for
interest
tenders)
Bonds
was
Northern Trust Co., Chicago, and
should be presented on Dec. 1,
sufficient
amounts
of
(exclusive
it
$42,000
.
It is
—
ceive sealed tenders until 11
in
:
is calling for payment on
1, the following Refunding,
Bonds
the bonds of¬
average
yield to
maturity on the bonds at the price
tenders received offering bonds at at which
they are offered and also
the lowest prices will be accepted the
price in dollars (exclusive of
Subject to the following terms
and conditions, legally acceptable
Bond
re¬
ceipts.
The
principal
investment
an
fiscal year, estimated that corpor¬
ate
expenditures for next year
would
Sanitary District,
Maude D. Uppercu, District Treas¬
$8,346,000
of
and
time
Refunding
be condi¬
may
III.
est at 4H%
chase
L. Schlaeger,
Grove
of $1,000 each
trict:
by Victor
Downers
estimated deficit does not include
ments and claims which
sold
.
$5,000,000
Expected—Richard J. Daley, De¬
puty Comptroller of Cook Coun¬
in
Railroad
and
Bonds, Sinking Fund $1,019.53;
1927—$49,000 Turnpike Refunding
Bonds, Sinking Fund $159.13; 1931
All tenders shall remain firm
-^$39,000
Turnpike
Refunding
until 11 a.m. on Nov. 23.
Bonds, Sinking Fund
$1,483.61;
Delivery of bonds must be made 1929
$30,000 Funding Bonds,
on or before. Nov.
26, at the dis¬ Sinking Fund $1,626.35 and 1930—
trict
treasurer's
office
against $175,000 Road and Bridge Bonds,
payment of the agreed price plus Sinking Fund $51,049.51.
accrued interest to the date of de¬
During the long period of time
livery.
that
has
•':./
transpired
since
the
in
con¬
Nov. 23.
on
bonds
before
bonds
shall
a.m.,
be
may
acceptance
of the
tenders
11
submitted
or
the
upon
none
until
or
be
may
alternative
ditioned
submitted
1,
tioned upon the acceptance of all
or none of the
bonds offered.
complying with the terms of. the
notice of call will be rejected.
the
be
or
rejected.
the
on
that
Aid
issued.' Nothing
were
(e)
will
7%
issued
were
At*
Railroad
average yield stated in such
tender, but in any event not more
Right is reserved to reject
and any tender not
complying with the terms of the
$200,000
Bonds
retired.
amount/ plus accrued in¬
tenders
Nov.
on
between 1867 and 1897 with $158,000 of these bonds paid off and
than the price in dollars stated in
such tender.
: A
'
all
payment
lower rate of interest.
a
1867,
Aid
par
the date of delivery, as
will yield to. the district income at
par
offered
bonds
the
the
the
price in
a
exceeds
In
price in
exceeds
terest to
at
average
considered
which
a
for
1944, at
/
(d) Tenders accepted shall ob¬
ligate the district to accept deliv¬
ery of the bonds and to pay there¬
: /
(b) Tenders stating the highest
yield to maturity will be
tional
be considered.
(ex¬
interest)
which they are.offered.
stating
On Oct. 5, Fiscal Court ena'cted
order to authorize the issu¬
ance of $42,000 2 !•> Railroad Re¬
funding Bonds which became op¬
offering
*
value of the bonds offered will not
of
rates
or
tenders
Tenders
dollars
matur¬
or
rate
the
bonds at the lowest prices.
maturity on said bonds at the
price at which they are offered
received
con¬
of principal of
said bonds it is contemplated
—
County Treasurer, until Nov. 23.
at 11 a.m., of refunding bonds of
1936, Series A and Series B, of
the county.
less than par at one rate
the
maturity
the
they
(b) Tenders stating the highest
yield to maturity will be
the
state
which
an
considered
interest payable on the bonds of¬
and the average yield to
O. Chicago), III. ' exhaust the
Sealed Tenders Invited
does not offer to purchase the
entire issue of $2,000,000 at
payment
must
at
average
pur¬
fered
stated that sealed tenders will be
No bid will be considered that
of interest and otherwise
and
and
of
payable
Cook County (P.
the
largest amount of
premium shall be accepted.
to
The bonds
be registered as to principal.
Principal and interest payable at
est rate of interest and offer¬
form
at
may
ing
For
Said
delivered
soon
Denomination $1,000.
at
est, the bid naming such low¬
not
amount
ities
on
bid specifying the''lowest rate
of interest and if two or more
bids
as
best
The
par.
the
be
a
$10,000,
tioned.
offering
of interest
for
Chicago on the date of deliv¬
ery of said bonds and
each
proposal must be so condi¬
One
Bonds will be awarded to the
the lowest rate
Enclose
after Dec. 1,
1943, as is practicable and the
purchaser must be prepared
to pay for said bonds in Fed¬
eral Reserve Funds payable in
Chicago
shall first be redeemed before
.
check
will
Dis¬
limitation as to
payable to the District.
re¬
the earliest date
on
Sanitary
the
amount.
or
certified
interest payment
dates thereafter. All bonds
deemable
rate
all the taxable
within the bound¬
trict, without
$100,000 Jan. 1, 1945 to
1,
of
aries
1,
1944.
Jan.
interest,
able from ad valorem taxes to
be levied upon
se¬
Jan.
of
rate
treatment
works,
the decree
of the Supreme Court of the
United States, and are pay¬
coupon
Dated
than par
less
not
made necessary by
follows:
bonds.
one
sewerage
Clerk of the Board of Trus¬
tees, will receive sealed bids un¬
til 11 a.m. (CWT) on
Nov. 23 for
$2,000,000 refunding of 1944,
pur¬
the
notice of sale.
These bonds
are
to be issued to pay the
cost
of the construction
of
van,
$3,000,000
to
and otherwise conform to
Chicago Sanitary District, III.
as
offer
entire issue of $1,-
at
at
be
not
does
000,000
Bond Offering—James J. Sulli¬
the purchase of
Tenders
interest)
offered.
are
exceed
the
budget of the county for the 1944
and
bonds outstanding.
bonds, divided
for
considered
chase the
7,808
4,480
3943nClUdCS 11CW 58.340,000 issue sold Nov,
inter¬
naming such low¬
offer¬
bid, will
that
5,870
i 695
$128,446
to
not
banking firm earlier this month.
The report, offered as a starting
point for the preparation of the
No
Outstanding
$47,322
55,925
of
sum
available
ing the largest amount of pre¬
mium
shall
be
accepted.
$21,982
$30,712
34,725
1,946
more
est rate of interest and
.41
$20,644
Warrants
Schools
Park
17
$13,646
or
submitted specifying
are
est the bid
592
8,237
two
the same lowest rate of
813
2,326
1,001
Preserve......
Tax
bids
$12,143
772
130
1,719
....
if
and
interest
$9,422
District
bid
acceptable
the
be
lowest
the
The best bid
specifying the lowest rate of
Debt
Schools
Park
.offering
rate of interest.
shall
Floatiiiff
Rate of interest
J.
multiples of !4 of 1%.
bidder
•
Forest
pay¬
Bonds will be awarded to the
.
the
(a)
Inter¬
3%,
One rate for the entire issue.
$53,523
23,289
'^Sanitary District..
tCounly
&
J
exceed
to
to be in
Debt
$58,897
District,
not
able
$55,000 in
interest pay¬
and
on any
dates thereafter.
ment
$399,487
$231,034
Park
1961,
1962, or
11,414
$51,048
20.855
65,407
99,406
34,698
9,620
City
Schools
in
000
38.6U4
$433,601
•
1957, $55,000 in 1958, $50,000
in 1959, $55,000 in 1960, $50,-
9 /30 '42
accrued
interest
chase of the bonds by the
county ;
than
1945, $55,000 in 1946, $50,000 in 1947, $55,000 in 1948,
$50,000 in 1949, $55,000 in
1950, $50,000 in 1951, $55,000
in 1952, $50,000 in 1953, $55,000 in 1954, $50,000 in 1955,
$55,000 in 1956, $50,000 in
governmental units as of Sept. 30,
compared with June 30 and Sept.
30, 1942 (000 omitted);
6/30/43
$112,901
than
o'clock
in
pared with $38,604,000 last year.
The following tabulation shows
the items of debt of the various
9/30/43
$91,182
later
not
bonds
the
delivery
1,000,000 Sewer construction, se¬
ries 4 bonds. Dated Dec. 1,
1943. Due Jan. 1, 1963, option¬
al Jan. 1, as follows: $50,000
*
Total
accept
ditioned.
$27,508,000 to $371,979,000
30 from $399,487,000 a
year earlier.
All of the units, ex¬
cept
the
county,
reported
de¬
creases.
The county's total debt
and
A.M.,
Central
War Time, on that day and
each proposal must be so con¬
de¬
of Sept.
as
of
9:30
.
Total
sufficient
accrued
boundaries of the
the
within
.
of
$2,000,000
1948
$100,000
for each of the years 1953 to
1960, inclusive, and $50,000
for
the
year
1961.
These
and judgments.
,
amounts
or
payable under the tenders) to ex¬
1947, inclusive; $110,-
to
a
276,000, while funding a total of
$8,346,000 of its unpaid bills and
judgments,
indicated
that
its
floating debt still is on the in¬
amount
(exclusive
1943 to
of
amount
in
levied
$120,000 for each of the years
Monday; November 22, 1943
in
total
general
1942-48
of
only
preceding
"the total
fund
shows
$872,742
a
rev¬
net
from
de¬
the'
year,"
Holmes said,
yield being $33,647,242
in 1941-42 and $32,774,500 in 1942-
43.
Subtracting the four months'
liquor production tax yield, of
$663,000
there remains a net
yield of $32,111,500 in 1942-43,
...
with
war
curtailment factors
ac¬
counted for in fulL"
-
He said this "indicates
well
stabilized
000,000,
come
revenue
including
the
a
fairly
of
$32,State in¬
tax," which he said yielded
Volume 158
Number 4231
THE COMMERCIAL & FINANCIAL CHRONICLE
$7,900,000 in 1942-43. Without-the from this department totaled $1,income tax, Holmes estimated the 373,048.83 during the past fiscal
revenue would be $24,100,000 for
year, which represented an in¬
the general fund.
•
•' <■': crease of $95,053,553 over the pre¬
He suggested that the available vious year.
,
surplus could be used to supple¬
"Now that
our
lease of the canal
ment revenue in the
locks to the Federal Government
and said the
is
general fund
surplus amounted to
$11,874,137 last June 30. The sur¬
plus will be increased by $3,235,000 next June under the present
■
about
think
consummated,
to,?be
budget, Holmes said making $15,'109,000 available for the, next
biennium, in addition to the esti¬
mated annual tax .yield of $24,100,000
(exclusive
of
income
taxes).
V;V>'VV.
"The% question :■ naturally
oc¬
curs," Holmes said, "what about
the revenue after June 30, 1946?
we
may
tollage will mean a saving of ap¬
proximately $200,000 yearly to the
private operators, who may be ex¬
•
pected to expand their enterprise
in other directions, and will un¬
doubtedly encourage
a
greater
movement of traffic through the
canal, • The 24-hour operation of
■
will
it
If the
1, 1^46,
war
we
will
restored,
be
and
probably greatly
them
increased."
un¬
canal, hi
big development in
a
During the past fiscal year, Mr.
1639 vessels ag¬
gregating 3,804,382 gross tons ar¬
Lehde reported,
Northern
Trust
Co.
Blyth & Co., R. W.
Pressprich
&
Co.,
Alexander
Brown & Sons, Goldman, Sachs &
Co. and Bacon, Stevenson &
Co.,
jointly, 144.13; Smith, Barney &
Co., Harriman Ripley & Co., Inc.,
First Boston Corp., Estabi'ook &
Co., Equitable Securities Corp.,
Barr
Bros.
&
Trust
Co.
of
Co.
and
the
Union
rived and
■■■•
*
.
the fiscal year totaled
$324,654.96,
$228,000 electric light and power, Mr. Lehde said.
as 2s, at a price of 101.638, a
During the same period, he
basis of about 1.88%. Due on
added, 4,112,416 short tons of car¬
■v
June 1 as follows: $24,000 in
•
go
1953; $26,000 in 1956, $28,000 in
1957 and 1958, $29,000 in 1959,
in
$30,000 in 1960, $31,000
1961, and $32,000 in 1962.
$23,000
follows:
as
;
by
foreign
vessels
and
of
en¬
coastwise
han¬
cargoes
docks operated by the
"
and navy. '
''
v:y;
MAINE
Maryland (State of)
Individual
Income
.$24,000 in 1956, $25,000 in i—Gasoline tax collections of the
1957, 826,000 in 1958, $27,000 State of Maine declined 26.4% in
in 1959, $28,000 in 1960, and September,
compared
with the
:
-
$29,000) in 1961 and 1962.
'
J-D,
able
"
Chapman & Cutler
of Chicago.
66%%
under this
The
tax
collections
totaled
$327,213 and compared with $444,288, and motor vehicle fees totaled
of
In the first nine months of the
cently approved an issue of $39,000
refunding bonds to retire a like
the
rate
Board's
amount
1942
on
recent
due
incomes.
action
calls
incomes,
representing
the
to
cut of 24.7%
a
collected
payments
Earlier
in
the
had
1942,
year
been
1943
a
1942.
33%%
made
and
from
for
to
re¬
apply
out,
the
remain
rates
y,
unchanged
that applied
The tax reduction
ministration,
said.
At the
part of
was
Governor
O'Conor
beginning of the
pres¬
year, July 1, the State
accumulated a greater sur¬
had
plus than had been anticipated.
$2,975,503, a reduction of From the surplus the Legislature
25.6% compared with receipts of appropriated amounts totaling
$8,cer County Public School Corpo¬
$3,998,237 in the corresponding 005,000 for post-war and emer¬
ration.
■
zZ 1942
period. In these same com¬ gency funds and for teachers, and
parative periods, motor vehicle fee State employees' bonus and sal¬
Russellville, Ky.
receipts held fairly steady, total¬ ary adjustments.
■
;
: /. Z
Bonds Sold—It is reported that
After providing for a
ing $3,503,886, against $3,495,912
working
$99,000 electric power and light
last year.
fund of $2,000,000, there remained
Z''v7 v"-:Z
revenue
refunding
bonds were
approximately $1,800,000. The sur¬
purchased on Nov. 12 by a syndi¬
MARYLAND
plus resulted from reversions of
cate composed of J, J. B. Hilliard
unspent appropriations in the dif¬
Baltimore, Md.
& Son, Stein Bros. & Boyce, and
ferent
State
departments
and
Bonds
Awarded
Blyth & Co., Inc., all of Louis¬
amount of 3ni%
year,
taled
gasoline tax collections to¬
bonds of the Mer¬
,
by
101.50,
The
$1,850,000 4%
Agents—
coupon
semi¬
Dated annual third school loan, public
Dec. 1, 1943. ■ Due on June 1 as library and third sewer loan bonds
follows: $11,000 in 1955 and 1956, offered by Baker, Watts & Co., as
$12,000 in 1957 to 1959, $13,000 in agents for the city, on Nov. 16—
1960, and S14, in 1961 and n!962. V. 158, p. 1984 — were awarded to
; Interest payable J-D; Legality ap¬ a syndicate composed of Geo. B.
proved by Chapman & Cutler of Gibbons & Co., Inc., Eldredge &
''"Chicago.'
' Z"
:; Co., Roosevelt & Weigold, and E.
H.
LOUISIANA
Orleans
New
The
Z
Dock
.
"■';■■■
"Times
"
to
are
370,000
^V.
reduced
$32,220,000.
from $33,355,-
The financial
in
shipping conditions, notwithstand¬
ing wartime restrictions and the
decline suffered by all American
bonds
($285,000
third
school loan and $85,000 public
increased its
statement reflects improvement
:
'<
.
library loan), due Oct. 1, 1964.
370,000 bonds
($285,000 ' third
Z
sewer loan and $85,000 public
library loan), due Oct. 1, 1965.
370,000
bonds
($285,000 third
sewer loan and
$85,000 public
library loan), due Oct. 1, 1966.
370,Q00 bonds
($285,000 third
sewer loan and
$85,000.public
library loan), due Oct. 1, 1967.
Bonds Offered for Investment—
The successful bidders reoffered
the above bonds for
general sub¬
scription,
scaled
I.45%
1963
for
ties, to 1.50%
to
and
for
yield
1964
1966
from
maturi¬
and
Mr. Lehde commented.
Other bids submitted for
especially gratified," he
"by our operations on the above bonds were officially
Industrial
Canal.
Our revenue ported as follows:
ports,
"I
de¬
follows:
v
-■
'
Board
edness was reduced
000
as
fol¬ $370,000 bonds ($285,000 third
'
school loan and $85,000 public
front the
library loan), due Oct. 1, 1963.
Picayune"
its bonded
indebtedness during the fiscal year
ending June 30 and is -'"looking
forward to a big development inthe Industrial Canal area," Pen¬
dleton'E. Lehde, President of the
Board, reported Monday!
Z
The surplus, he -said, was "in¬
creased from $7,969,372*5.1 to $8,855,897.14 and the bonded indebt¬
and
surplus
scribed
Increased—
report is taken
of.Nov. 2':
Sons, all of New
of 145.28, a basis
Reduced—The
Indebtedness
lowing
&
a price
of about 1.56%. The bonds
1New Orleans, La.
Dock Board Surplus
Rollins
York, at
am
said,
1967
maturities.
agencies and from increased
enues over
air
in
this
Commonwealth
our
with
is
program
will
efficiency unknown in
that have passed.
We
to have the most essen¬
things done first because when
post-war program is over,
there should be no illusion about
somewhere."
Nothing that the proposed post¬
war construction
died by a special
the State
being
was
stu¬
commission
of
Legislature,
tion
of
Mr.
Mac-
conceded that
Donald
"the
ques¬
financing this huge
gram is
pro¬
of some concern."
one
Commissioner
MacDonald
/
said
that
his
department has
been
working with the American Asso¬
ciation of State
Highway
of which he is a
and
rev¬
the estimated amounts.
announced
on
Oct.
26
by J.
Millard Tawes, State
Comptroller,
in his monthly
report, that Mary¬
land's bonded indebtedness
during
the
12-month period ended
Sept.
30 had decreased by
$4,300,000.
The State's bonded
indebted¬
ness
on
Sept. 30, 1942, amounted
to $36,359,000, while on the same
date this year, he
said, the total
had been reduced to
$31,559,000.
of
States.
the
of
Highway
.
North
an
improved slightly, with
was
from
$26,779,085
MASSACHUSETTS
details still to be settled,
Massa¬
chusetts is planning the construc¬
tion
of • nearly
$200,000,000 of
transportation facilities in the im¬
post-war
disclosed
period, it was
by State Public Works
Commissioner
Donald in
the
tors
a
Herman
A.
Mac-
recent address before
Associated
General
Contrac¬
of Massachusetts.
Major
would
be
phase
the
of
the
expenditure of ap¬
the
proximately
450
ref:
miles
150
of
bridges.
$150,000,000 for
new
highways and
the
pur¬
value and the
yield.
The Board of Trustees
the
right on bonds
which
as
reserves
purchased,
in
computed from the dollar price
30, 1943,
The Board of Trustees
the right to reject
part of the
$7,000,000 Emergency
War
not
Fund
yet
used.
gives Massachusetts
fund for post-war
he said.
This
'substantial
a
public works,"
Y;/'YZ'- Z' V;.; Y\ "
Describing the state's debt' as
Saginaw, Mich.
Bonds Not Sold—It is stated
by
Carl J. Faist, Director of
Finance,
that the $150,000 3% semi-annual
the lowest in 30
years, Saltonstall
"the state tax burden has
been reduced from
to
v.
158,
no
that
$5,000,000
of
79%.
in 1942,
As
for post-war work.-
a
re¬
result
a
of
.
recommendation
,.
Emphasizing the great future of
Massachusetts, Salton¬
said
now
there
are
70
air¬
ports in the state, several of them
with runways of more than 4,500
"The
vestment
state
of
has
now
an
about
he concluded.
7
:
■
-
$15,000 from July 15, 1945, to
1954, incl., optionaLon and after
July 15, 1945.
MISSOURI
Associated
(P.
Sale
Of the $939,000
State, county and municipal bonds
offered by the above corporation
on Nov.
10, $695,000 were awarded
as
—
follows:
the
Boston Corp., and
of
America
Na¬
Bank
tional Trust &
ciation,
of
Savings Asso¬
San
Francisco,
jointly:
$25,000 California (State of) 4%s,
due Jan. 2, 1952, at 126.41,
25,000 Pittsburgh (Pa.) 4%s, due
;
April 1, 1951, at 121.26.
10,000 San Francisco,, Calif,, 4s,
due Sept. 1, 1947, at 111.95.
15,000
Fresno
County
Selma
School District, Calif., 3s, due
in from 3 to 5
years, at 108.33.
10,000 Harris County, Texas, 3s,
due Jan. 15, 1951.
To the Chase
National Bank of
New York;
$50,000 California (State of) 4%s,
due Feb. 1, 1950, at 121.01.
To Weeden & Co. of San Fran¬
cisco:
June I, 1947, at 104.90.
25,000 Boston Metropolitan Dis¬
trict, Mass., 21/4S, due Mar. 1,
1949, at 107.55.
To
Graham,
Parsons
Co.
&
of
New York:
$25,000 Missouri
>■/'.
(State of)
2V4s,
due June 1, 1947, at 112.25.
25,000
Denver
No. 1,
School
District
Colo., 4V2s, due Jan. 1,
1950, at 120.85.
25,000
Omaha
School
District,
at 133.62.
Avcn
Township School District
No. 10, Mich.
Call—Wayne
E.
Scott,
Director, calls for payment
Dec. 15, at par and accrued in¬
terest,
$2,000
37
and
38.
refunding
bonds
Dated May 15,
Said bonds should be pre¬
to the Detroit Trust Co.,
Detroit, for payment.
anticipation notes offered for sale
on Nov. 15-—v.
158, p. 1984—were
awarded to the Michigan National
of "Battle
were
Creek,
as
at
1%%.
Rate Bid
Security National Bank,
Battle Creek
,
1%%
Creek_„__—
$10,000 West Virginia
4%s,
2%
due
April
(State of)
1,
1948,
at
115.27.
To
the Lee Higginson Corp. of
New York:
Allegheny
4%s,
due
126.92.
To
County,
April
Pa.,
1952,
1,
at
1
'
Lehman Bros, and Eastman,
Dillon
&
Co.,
both
of
New
York:
Dallas,
Texas,
4%s,
due
July 1, 1948, at 116.14.
25,000 Oklahoma County, Okla.,
2V2S,
Central National Bank,
Battle
Salomon Bros. & Ilutzler of
New York:
$25,000
follows:
Bidder—
To
$25,000
Battle Creek School District, Mich.
Note
Sale — The $100,000
tax
Bank
Indemnity Corporation
St. Louis), Mo.
O.
Bond
Neb., 4V4S, due May 1, 1956,
MICHIGAN
1942.
as
said
been
made for purchase of these bonds
by city funds. Dated July 15, 1943.
in¬
$7,000,000 in
the
Commonwealth
Airport in
East Boston, and the Legislature
has made $5,000,000 more avail¬
able for further improvements,"
sented
It is
has
$50,000 Colorado (State of) 2s, due
.
aviation in
feet.
received.
were
Due
$11,700,000 in
this reduction, he said, the state
has a big borrowing capacity
Nos.
1777—were not sold,
p.
bids
now
stall
,
special assessment street improve¬
ment bonds offered on Nov. 15—
;
said
duction
reserves
any or all offer¬
ings.
Offerings shall remain firm un¬
til! p. m. (EWT) of the
following
day.
gasoline, li¬
taxes,
"highly favorable."
The
Governor said, "the state now has
a surplus of
$9,900,000 plus a large
1938
are
of Nov.
as
Posi¬
sition
Other bids
program
Fiscal
Governor Saltonstall
recently
called Massachusetts' financial
po¬
School
(State of)
show
interest, date of
maturity, the dollar
Despite recent
declines
revenue
on
Large Post-War Transportation
Program
Seen —With
financing
mediate
Offerings shall
pose, the rate of
quor, inheritance and estate
Bond
Massachusetts
10
and shall be sealed.
To the First
Asserts
Favorable
to
$27,195,138.
at
,...
pe¬
increase
Nov.
(EWT), in the amount of ap¬
proximately $100,000 under the
following conditions:
All offerings shall be in
writing
Atlantic
'
Governor
The condition of the State's cash
hand during the 12-month
on
riod
non-call¬
30,
Officials,
Vice-President,
the Association
Officials
Debt Reduced by $4,800,000—It
was
offerings of
until
bonds
a. m.
Offerings will be accepted on
the basis of the
highest net yield
...
ville, as 2s, at a price of
a
basis of about 1.89%.
ceive sealed
able
com¬
"When
tion
the fiscal program of the State ad¬
is
pleted," he said of the entire plan,
"transportation by land, sea and
Federal funds to aid in the work.
on
Z'
It
—
delivered subsequent to
Dec. 7, 1943, to pay accrued in¬
terest up to that date
only.
incomes, States, to sponsor Federal legisla¬
representing a saving to taxpay¬ tion to help finance the work and
ers
of $12,135,000.
The current particularly to change the existing
action
increases
the
saving by Federal aid formulas to give more
$1,605,000. Corporate taxes, it was help to industrial and populated
pointed
Tenders Invited
by Charles G. Oakman,
Secretary of the Board of Trust¬
ees, that the said board will re¬
1944
ent fiscal
$76,323, against $54,364.
try." Although not indicating just
expenditure is planned for
airport development, Mr. MacDonald said it was hoped to secure
what
the years
for collection of only 50% of the
amount that would be due under
the 2% figure on 1943
report from the State showed.
Gasoline
(P. O. Harrodsburg), Ky.
Bonds Approved-^The County
Fiscal Court is said, to, have re¬
Mercer County
comparative periods,
Airport, East Boston,
what will be "really one of
great airports of the coun¬
has been cut to the equivalent of
'large
appropriations
for
many
1%. The Board of Public Works, years to
come, for it is becoming
he
said, had decreed that only recognized that the power to tax
50%
of individual tax liability is also the
power to destroy and
will be collected on 1943 incomes a halt must be called
1942 incomes.
same
the
tial
only
Detroit, Mich.
Sealed
stated
Logan
into
this
in
the
addition,
Also planned is the
enlargement
of
announced recently that the State
on 1943 incomes of individuals
from
a
In
tional pier facilities."
Fur-' will strive
Taxes
tax
corresponding 1942 month, but
motor vehicle fees increased 40.4%
1943. Interest pay^
Legality approved by
Dated Dec. 1,
$4,700,000.
$5,000,000 to $10,000,000 for addi¬
ther Reduced—Governor O'Conor
duction
Maine (State of)
Gasoline Tax Income Off 26.4%
1955,
in
in
exclusive
over
army
Due on June 1
about 2.10%.
;
dled
2%s, at
basis of
211,000 water works, as
a price
of 101.938, a
.
hauled
were
gaged
trade,
of
Mr. MacDoiiald
said, it is "quite
possible that we may expend from
move
departed from the port.
refunding
Of 823 arrivals, 560 aggregating
bonds aggregating $439,000, were
purchased on Nov. 12 by a syndi* 2,720,527 gross, tons, or 71% of the in the 1944 revenue year.
Al¬
total
tonnage, used the public
cate composed of J. J. B. Hilliard
though an act of the State Legis¬
clocks. •/%
:
..."
& Son, Stein Bros. & Boyce, and
lature allowed the rate to remain
Regular dockage earned during
Blyth & Co., all of Louisville:
at
2%, the State had collected
following revenue
the
:
-
will
locks
the Industrial Canal area."
Mayfxeld, Ky.
Bonds Sold—It is reported that
<
the
which our
is.interested, such as leas¬
forward to
of
some
of
ing of sites for new industrial en¬
terprises,. and we are all looking
had before the war
revenues
tollage and 24-hour
the
on
Board
is over by
.*>Z
free
operation
then the tax
.
.
.
issue
-
143.017.
"This
taxing authorities to reduce dras¬
tically all expenditures and keep
wthin
the
limits
of
available
July
which the Massachusetts
Legisla¬
ture in 1941 authorized a bond
Chase National Bank (New York),
Trust
&
Savings Bank
Harris
2095
The program also would include
reconstruction of the Mystic piers
in East
Boston, now owned by the
Boston
&
Maine
Railroad, for
&
(St. Louis), Coffin &
Burr, Milwaukee Co. and Martin,
Burns & Corbett, jointly, 144.36;
Bankers Trust Co. (New
York),
ities
continues into 1946,
incumbent upon the
revenues.
Bank
Co?
doubtedly stimulate related activ¬
the locks will also accelerate this
war
be
Trust
Maryland, jointly,
143.3099; Chemical Bank & Trust
Co. (New York), F. S. Moseley &
Co., Stone & Webster and Blodget,
Inc., B. J. Van Ingen & Co. and
W.
E.
Hutton
&
Co., jointly,
movement.
"If the
(Chicago),
Mercantile-Commerce
(Chicago),
(Chicago),
anticipate even
greater activity in this area dur¬
ing the coming year.
The free
'
,
I
First National Bank
due
110.53.
May
15,
1951,
at
y
THE COMMERCIAL & FINANCIAL CHRONICLE
2096
Monday, November 22, 1943
'
said
To Shields & Co. of New York:
the
ciate
$10,000
Detroit,
Mich., 5s, due
Aug. 1, 1945, at 107.26.
15,000 Detroit Mich., 5s, due Dec.
1, 1945, at 108.60.
10,000 Providence, R. 1, 4s, due
May 1, 1944, at 101.63.
committee would appre¬
on
the subject
Bond
The difference in outlook of the
rural
and
city
delegates
was
brought to the front in the consid¬
eration of
Williams,
To Glore, Forgan & Co. of New
proposal by Frank B.
a
of
Democrat,
and
Fayal (P. O. Eveleth), Minn.
information
from all possible sources.
$17,000 semiann.
funding bonds offered for
sale on Nov. 13—v, 158, p. 1866—
liams Co. of
price
a
about
Minneapolis,
of 101.176,
as
l3/4s,
basis
a
1, 1943.
Due on Dec. 1 in 1944 to 1951, incl.
York, Kaiser & Co. of San field, to exempt all
Francisco, and John Nuveen from taxation with the limitation
Runner-up in the bidding, ac¬
of the exemption to be determined
& Co. of Chicago:
cording to the Town Clerk, was
Will¬ Kalman & Co., offering 100.647 for
$25,000 Fresno School District, by the General Assembly,
'
•
Calif., 5s, due Dec. 3, 1954, at iams told the committee he had 1 'it % bonds.
138.40.
been
,
To
Glore, Forgan & Co, of New
York, and John Nuveen & Co.
of Chicago:
$25,000
Lake
Ind., 23/4S,
1, 1950, at 111.55.
County,
due Jan.
Stone
To
the
a
1955, at 107.75.
Harris Trust
the
&
Savings
Bank of Chicago:
Northern
Chicago:
would throw the burden of
cities.
130.57.
To Harriman Ripley &
$35,000
Texas, 2V2S, due
1, as follows: $20,000 in
195,7, and $15,000 in 1958, op¬
tional June 1,
1951, at 106.35.
$40,000
Wilkes-Barre, Pa., IV2S,
due June 1, as follows: $15,000
in 1950 and 1951, and $10,000
in
1952; at 102.19.
Other
.
known
sales
purchasers not
writing, were as
this
at
1
to
follows:
$25,000 California (State of) 4V2S,
due Jan. 2, 1953, at 128.74.
30,000 California (State of) 4V4s,
due Feb. 1, 1948, at 114.58.
20,000 California (State of) 4V4S,
due Feb. 1, 1948, at 115.30.
9,000 Austin, Texas, 4%s; due
July 1, 1948, at 116.38.
20,000 Des Moines Independent
School
District, Iowa, 214s,
due Dec. 1, 1951, at 110.06.
25,000 Duluth Board of Educa¬
tion, Minn., 1.40s, due June 1,
1948, at 102.53."
10,000 Minneapolis, Minn., l3As,
due Aug. 1, 1944, at 100.78.
30,000 Oakland School District,
Calif., 5s, due Jan. t, as fol¬
lows:'$5,000 in 1953 and $20,-
000 in
1958; at 139.27.
due Dec.
1, 1945, at 106.78.
Missouri
(State of)
Constitutional Convention Split
Buhl), Minn.
New
Offering
Announced—The Secretary of the
of Education
informs us
Board
that bids received for the $156,000
interest fund¬
not to exceed 2V4%
ing bonds offered Nov. 8—v. 158,
p.
1777—were rejected and that
new tenders are being invited un¬
til Nov. 29.
The offers rejected
were
follows: J. M. Dain &
as
Minneapolis,
par
plus
Co.,
premium
a
of $516 for 2s; First National Bank
of
Buhl,
for 2V4S. The bonds
par
evade.
to
St.
well,
Offering
Secretary
G.
—
of
L.
the
7:30
p.
m.
Black-
Board
Dec.
on
of
13, for
$75,000 refunding
bonds. Dated Feb. 1, 1944.
Denom. $1,000. Due Feb. 1, 1964.
coupon
Bidders
must
state
in
their
bids
single fate of interest which all
a
the
bonds
to
are
bear, expressed
in a multiple of 4/4 of 1% and must
state
the price offered
without
qualification. The bonds will bear
the
by
lowest
bidder in
any
bid
rate of
will
and
interest
stated
duly accepted
a
be
awarded
the
to
bidder stating the lowest rate.
two
or
If
bidders offer to take
more
the bonds at the
lowest rate,
bonds will be awarded to the
the
paying the highest price.
Principal and interest payable at
the
Guaranty Trust
Co., New
York.
No bid will be accepted for
less than the entire amount or at
than
-
bonds
the
value
par
of
the
unless accompanied by a
Treasurer's check for $2,500 pay¬
or
able to Jhe District.. Said amount
shall
be
considered
liquidated
damages to the District and for¬
feited
Jan.
as
such in the event the
as
bidder fails
31, 1944, to
to
Valley County (P. O.
Ryegate), Mont.
on
ac¬
before
or
the amount
pay
the District
or
>
Bond Offering—Sealed bids will
be
received
until
the
2 p.
purchase
m.
on
Dec.
de¬
posit with such depositary for and
directed by the Board of Edu¬
of
$76,000 re¬
funding bonds. Interest rate is not
to
exceed
Dated
3V:>%,
Jan.
payable
J-J,
Amortization
1, 1944.
bonds will be the first choice and
serial
bonds
will
the
be
choice of the Board.
second
If amortiza¬
tion bonds
are
issue may
be put into
sold and
issued, the
one single
bond
or
divided
into
bonds,
as
the Board
may
several
determ¬
ine upon at the time of sale, both
principal and intereest to be pay¬
able
in
during
from
semi-annual
period
a
the
bonds
will
be
and
the
four
issue.
issued
years
If
serial
and
sold, they
of $1,000
of $19,000 will be¬
the
in
instalments
of
of
date
are
sum
same
bidder
less
Golden
for
Education, will receive sealed bids
until
amount
payable
on Jan. 1, 1945, and
$19,000 to become pay¬
able on the ^ame day each year
thereafter.
The
bonds, whether
come
the
sum
of
amortization
serial
or
bonds, will
be redeemable in four years from
date of issue.
The bonds will be
sold
for
less
not
than
par value
On Homestead Exemption Propo¬
cation.
sal—The St. Louis
crat"
of
Oct.
27
reported in part
A
sharp difference of opinion
between city and rural delegates
over rewriting of Missouri's com¬
plicated tax system developed to¬
day at a meeting of the Consti¬
Convention's
tutional
Taxation
Committee, which conducted a
hearing on a series of proposals to
exempt homesteads from all forms
of taxation.
These
rooted
V,
differences
and
deep-
some
involve
are
funda¬
mental theories of taxation which
promise
enliven
to
subsequent
meetings of the committee and the
convention
itself
when
they
are
reported for action,
Eathan
A.
H,
Shepley of St.
Louis, chairman of: the committee,
said
after
the
hearing
question
of taxation
the
major
one
convention
chase the bonds at par. The Board
the
reserves
right to reject
any
and all bids and to sell the bonds
is
issue
that
Elizabeth, N. J.
Ends Discount for Pre-Payment
Taxes—Discontinuance
month
a
is
that
der
the
by
payment of taxes, in effect since
the depression, was ordered re¬
cently by the City Council.
council also voted to end
icy
of
taxes
view
financial
of
delinquent
city's good
and its 90%
the
condition
collection of the 1942 levy.
4, Chapter 16,
and Article 18,
Chapter 72, R. S.
Missouri. 1939. The bonds will be
valid and
legally binding obliga¬
tions
of the District and all tax¬
able property within will be sub¬
ject
to
a
bonds
and,
before
or
amount.
-
1943.
as
m.
Denom.
$1,000. Due Dec.
Bovey, Minn.
Bond
Sale—The
alike, and that ic probably affects
tional
on
were
13—v.
awarded
to
158,
the
1985—
p.
$10,000 in 1947 and 1948. Rate
of
interest
V\
or
to
be
one-tenth
be the
same
in
multiples of
of 1%- and
for
all of the
Atlantic City,
First
Na¬
Purchased
Rate is not to exceed 2%, payable
J-D. Prin. and int. payable at the
Haddonfield National Bank, Had-^
donfield.
All
of
said
bonds
the interests of
more
citizens
than;
other matter pending.
Shepley warned his committee j
seriousness
of the task it is
and
ough, payable from unlimited ad
valorem
taxes.
No
proposal will
be considered for bonds at
higher
than
which
the
legally
a
lowest
a
as
with
price of 100.217,
a
IV4S,
basis
of about 1.18%. Dated Dec. 1, 1943.
Due on Dec. 1 in 1944 to 1948, incl.
Second best bidder
was
& Co., offering 100.44 for
acceptable
not less than the
of
$53,000
and
cording to the Village Clerk.
ac¬
to
the
the
call
In
for
connec¬
tenders of
4'
•
Camden, N, J.
at
pro¬
to
offering to
principal
accrued
and
accept therefor
pay
ainounf
interest,
the least
to
the
accept
low.r
same
bqnds
bid¬
or
sale
on
Nov.
17—v. 158, p.
awarded
to
1680—
syndicate
composed of Mackey, Dunn & Co.
of New York; Reynolds & Co.,
a
within
balance
one
the start of the
months after
stalment
Newark's
contended
sonnet
uncollected
for
serve
in¬
payment plan. Mr. Parwas
$10,850,550 in
from
reduced
re¬
taxes
1938
$4,250,521 this year.
New
Jersey (State of)
Fost-War Highway
price,
$1,000 the
fjte
.which
are
will
value of the
par
hereby
offered
construction projects costing
total of $130,580,000
estimated
recommended
were
Miller,
to
desired
be
forms
on
furnished
the
5
son.:
the
by
terms of any
type
by
Federal income
hereafter
law
the
enacted,
successful bidder may, at his elec¬
of
relieved
tion,
be
tions
under
the
his obliga¬
contract to
pur¬
chase the/bonds and in such case
the
deposit accompanying his bid
will be returned.
the
bonds
Caldwell,
will
The legality of
be
Marshall,
000. Another major project
Trimble
&
to the
furnished
purchaser without cost. The
fight is reserved to reject any or
all
and
bids, or to adjourn said
any
sale,
bid not complying with
would
be extension of Route 4 and
con¬
struction of Route 22 from Wood-
bridge to
Irvington, at
$11,325,000. * Many
already
a
cost of
unbuilt roads
the statute books
on
were
included in the proposed 223 miles
of post-war
construction and im¬
provement of existing routes.
A
construction
new
costing
$3,600,000
•
of
miles
mended
program
to
highway
cover:
18
recom¬
was
Commissioner Miller
by
for 1944.
Commissioner Miller noted that
his
department
would
unexpended balance of
have
more
an
than"
$7,000,000 available for appropria¬
tion,
in
gave
rise to speculation that the
eral
1944.
This
immediately
general
in
013,481
for
revenue
unexpended
included
the
to gen¬
to offset the decline in
uses
The
sources.
balance
the report
in
estimated
total
a
was
$36,"-
revenue
department for 1944,
Of
income, Commissioner Miller
$15,953,529
law for
is
set
aside
by
State aid to
counties and
municipalities, debt
service pay¬
ments and
a
400,000
payment of about $1,-
to
Pension
and
the
State
Teachers'
Annuity Fund.'
The
Highway
Department, he added,
requested
$20,059,852 for road
construction and
maintenance, ad¬
ministrative and other department
expenses, and a
$4,300,000 loan to
the Port of New York
Authority.
Concerning the department's fi¬
approved by
proving opinion will be
Charles Edi¬
expensive of the proposed
projects would be construction of
Routes 25, 10 and 3 to the Lin¬
coln Tunnel at a cost of $16,500,-
said
same
annual report
Governor
.
delivery of the bonds the
of the
Spencer
Most
In the event that prior
from bonds
his
Jr., in
Nov.
State
by
Commissioner
Highway
sale.
for
Construction
surplus would be diverted
therefor
pay
additional
least
same
.
Mitchell, of New York, whose ap¬
Bond
Sale—The
$300,000 re¬
funding series D bonds offered for
Kalman
IV2S,
rate
a
rate
posal is received. As between pro-posals at the same lowest interest
tax
refunding bonds up to Nov. 9, it
is stated by Daniel S. Bader, Di¬
rector of Revenue and Finance,
that the city purchased $574,000
of bonds, dated July 1, 1936, and
maturing on Jan. 1, 1973, at a cost
of $545,190.90.
"
were
difficulty
undertaking, and
paying
Bovey,
will
be general obligations of the bor¬
ers
N.J.
—
.
of
must
bonds.
income received by private hold¬
NEW JERSEY
the
On conclusion of that year,
the same arrangement would be
made for the succeeding year, so
that all current and delinquent
taxes would be paid up within 18
year.
1944
Phone—REctor 2-4383
■
Bank
1,
follows: $11,000 in 1944 to 1946,
and
and character shall be taxable
tion
Nov.
or
Y.
Bonds
MINNESOTA
the
free
N.
of
50%
pay
an
borough.
St., Newark 2, N. J.
would
way
(EWT), for the pur¬
chase of $53,000 funding coupon
or registered bonds. Dated Dec.
1,
which
MArket 3-3430
interest
probably
entirely
18 Clinton
thereon without limitation of rate
the
ihimediately
25% of all taxes due and pay off
some
1891
1937,
condition that delinquent tax¬
payers
price should not exceed by more
Rippel & Co.
Established
levy of ad valorem to
the
pay
ments when he took office in
on
30, at 8 p.
Proposals
-
•%"
:v;"v,.,
will receive sealed bids until Nov.
bonds
•
bonds
Program Sought—Post-war high¬
than
J. S.
of
amount
Haddonfxeld, N. J.
Offering—J. Ross Logan,
Borough Clerk, reports that he
highest
State and the bond issue is author¬
ized under Article
the
of
re¬
certified check
Mayor Murphy's counsel, Thos.
Parsonnet, had told the court
that the mayor instituted a prac¬
tice of accepting installment pay¬
to
est rate of interest then said
the
of
2%
a
L.
Bond
offer
the
laws
The
its pol¬
compromising
in
amount of bonds at the
State
Auditor, The District operates un¬
education
the
Commissioners.
Municipal Bonds
Enclose
offered, payable to the borough.
check
will be taken up. The bonds will
be printed at the cost of the Dis¬
trict and before being
delivered,
certified
of
discounts for pre¬
ders offering to
sale
partisan
the
100.567.
bonds, the bonds to be
private sale. Enclose a certified
for $500,
payable to the- accepted being' those first matur¬
Clerk
of the
Board
of County
ing and if two or more bidders
at
provisions hereof will be
for
amount of
Guaranty Trust Co., New
where this issue of bonds"
$46,000 semi¬
funding bonds offered for
of
Ingen & Co., J. B.
Commerce Union
Bank, Nashville, and Thomas &
Co. for $299,000 as
2%'s, a price of
York,
be
the
jected.
rate, the bonds will be sold to the
will be delivered and funded issue
annual
any
Van
will be sold to the bidder
will
,
,
J.
Hanauer & Co.,
deposited
religious preju¬
dice. that it is of equal importance
to
Republicans
and
Democrats
from
100.348.
B.
with the
follows:
as
price
a
bidder "or bidders
intention of the
amount of the bid to be
2.40s,
as
ders must state the lowest rate of
interest at which they will pur¬
Board,of Education to require the
"Globe-Demo¬
the
$299,000
with accrued interest, and all bid¬
as
It is
of
0.5%
MONTANA
7, by H. G. Jacobson, Clerk of the
County Board of Commissioners,
Joseph School District, Mo.
Bond
a
Butcher & Sherrerd and Yarnall
& Co. for
1958. incl.
cen¬
y
.
of
paying
Nov. 1, as follows: $10,000 in
Newark, N.J.
1950, $15,000 in 1951 and 1952,
Court Orders Tax Sale
The
$25,000 in 1953 and 1954, $30,000
State Court of Errors and Appeals
in 1955, $40,000 in 1956 and 1957,
ruled on Nov. 4 that the city must
$45,000 in 1958 and $55,000 in 1959.
conduct an all-inclusive tax sale,
Interest M-N.
The next highest
thus voiding the installment tax
bidder was Rambo, Keen, Close &
plan that was instituted by Mayor
Kerner for 2.30s, paying a price of
Vincent J. Murphy in 1937.
The
100.288.
decision of New Jersey's highest
Among other bids were the fol¬ court
upheld a. Supreme Court
lowing:
writ directing Mayor Murphy to
Blair & Co., Inc., and McBride,
include in a tax sale to be held
Miller & Co. for $300,000 as 2.30s,
this year all property upon which
a price of 100,14.
1942
or
prior taxes are owed,
Dolphin & Co.; Stroud & Co.
which have not been placed under
and Arrowsmith & Co. for
$299,- the
"five-year plan" provided by
000 as 2.40s, a price of 100.535.
statute.
dated Nov. 15, 1943, and ma¬
ture serially on Nov. 15 from 1945
certain
a
Co.
&
2V4s,
as
are
country
responsibility toward rural areas
which they
should not seek to
of said bid
,
.
—
Greenwood
price of 100.333, a basis of about
2.22%. Dated Nov. 1, 1940. Due
of
the
population have
cepted
25,000 San Francisco, Calif., 4s,
Bids" Rejected
'
asserted
the purchase of
Co., Inc.:
&
of
ters
Waco,
Blair
the large
on
St. Louis County Independent Sch.
District No. 35 (P. O.
has contributed materially to the
Co., Inc.:
June
To
paying
growth of the cities and the
15,000 Rochester, N. Y., 5s, due
Feb. 1, 1947, at 112.94.
a
Louis, in reply, pointed out that it
_
of
Co.
suffer
Former Mayor Dickmann of St.
Williams
Trust
$25,000 Omaha School District,
Neb., 5V2S, due May 2, 1951, at
.
would
ination of county, city, school and
other local taxes on homesteads.
1,1950, at 124.78.
the
which
corresponding loss through elim¬
most of the sales tax
$25,000 Ogden, Utah, 5s, due June
To
be
loss, Will¬
suggested the sales tax be
munities
of
Chicago:
To
would
state
this
3. or 3 ¥2 per cent, with
portion reallocated to local com¬
$50,000 New York, N. Y., 2%s, due
Dec. 1,
the
for
raised to
Bank
National
First
state
from
loss
exemption would
be
about $2,000,000 a year, collected
at a cost of about $600,000.
Asked how
get, Inc., of New York:
in
accrue
the
would
complete
iams
$50,000 Metropolitan Water Dis¬
trict, Calif., 4s, due Aug. 1,
1956, at 125.94.
To
which
compensated
Webster and Rlod-
&
informed
taxes
T.
—
of
1.49%. Dated Dec.
H.
Philadelphia,
on
awarded to the Allison-Wil¬
were
at
Spring¬
homesteads
Sale—The
nancial status for
said:
"It is
revenues
the
now
of the year will
original
519."
To
an
estimate
that
sioner Miller
ed
1943, the report
estimated that the
by
amount,
exceed
$4,195,-
Commis¬
said, should be add¬
unused reserve fund of
$2,-,
Volume 158
THE COMMERCIAL: & FINANCIAL
CHRONICLE
Number 4231
869)962 set up in the 1943 depart¬
appropriation to offset "de¬
clining revenues or to meet ex¬
of
penditures
an
emergency
than
higher revenues
anticipated was the failure
of license fee receipts to slump as
sharply as had been expected.
source
12
was
Errors
.
Walter
E. Edge
nor—At
the
V
,
.
election
electoral
which
measure
,-S ,7.
7 / '
In the State Senate the
licans
retained
eighteen
Lie
of
their
never
been
of
the
members
Common
have
the
over
ap¬
kept
a
ma¬
"No
their
■faith
signature
on
ever
the
Common
crisis
■
the
submit
of revision was
ever
been
three
by
using his influence with Republi¬
in the
Legislature, made it
plain that he plans to push actual
cans
"I
he
the revision process.
on
was
particularly impressed,"
said, "with the affirmative
on
the
referendum
tional
revision.
for
This
vote
is
a
clear-cut mandate from the
people
for
a
new
state
the
swer
responsibility' 'in¬
volved."•
Court
Power
Asked
to
Restore
Assessment—A
patch
from
had the
The
dis¬
Oct.
on
27
following to report:
State
Appeals
restore
Trenton
Duke
news
Court
to
of
Errors
asked
was
been
and
today
the assessment
a
seemed
to
lists
Kelly
any¬
7
cials
of
few
occasions
when
it
advisable to remind.offi¬
of
thing to
their
pledges,
set
preme
the
aside
remember
..
Court
company
the State Su¬
the ground that
by
on
had
paid
North Carolina for the
taxes
12
was
the bonds
to
one
20 years,
the
itself,
history, the
in
bonds
for
pay¬
prior to their due date; and
the bonds
awarded at
were
nterest cost of
a
in
der
the
Carolina
assessment
machinery, act
on
un¬
of North
Carolina made for the year 1937,
the
is in
final
month
a
and!official
be¬
count
the
on
—was
the
He
air
said
pre-war
of
that
overseas
travelers used New York and that
the
records
of
domestic
airexpress revenues show that about
25% of all passenger traffic
origi¬
nates
or
ends at the port.
He
praised Mayor' F. H. LaGuardia for foresight in promot¬
ing the Idlewild airport in Queens
and said that "in addition to
large
central
there
airports
believe
we
will be need for numerous second¬
airports throughout the
ary
district.
There
should
be
port
devel¬
oped a series of off-line union
stations through which will func¬
tion
coordinated
a
of
system
•
put up for the benefit of
Nassau County, and, if
approved,
would permit the
splitting of a
N. Y.
77
Final Refunding Operation Ap¬
proved—The budget for the 1943-
township
1944 fiscal year provides for the
continuance of the $7.50 per $1,000
districts
forming
Return
Assembly
where
cases
a
county
allotment of
an
Assemblymen
than it
has
more
towns.
6,869 election
voting
the
on
other
proposed
ments.*:'
amend¬
7.;'-,
To establish
of
state
a
Commerce:
Yes,
Department
491,951;
No
188,774.
Tc
establish
a
special
.stabilization
•
tax rate for the fourth successive
and provides for the redemp¬
year
tion
from, the
districts reporting on No. 3 show¬
ed the
following results in
tax
shortening of the borrowing
period will save the State, in in¬
in
in
has received
.
The
flect amounts distributed to local¬
from
tax
revenues
and
ities
fund
reserves;
469,620; No, 191,899.
To - change
residence
for
Yes,
in cash of $868,000 in bond
principal maturities and the re¬
funding of an additional $200,000
in maturing bonds. This refund¬
ing, which has been approved by
State Comptroller Frank C. Moore,
is the last to be undertaken in the
partial refinancing program that
has been carried out by the county
for the purpose of leveling off the
debt
maturity calendar and thus
,
make
require¬
New York
(State of)
Simultaneously, the Comptroller
released
port
a
as
volume
II
of
the
re¬
complete "schedule of in¬
,7'
"
.•
Plane-Transport
were
as¬
signed for the following purposes:
$39,253,778.00
Education
55.275.000.78
Tribune" of Nov!
following report:
1
expenditures
cost
of
operating
maintaining
the
air-transport terminals with a
to
establishing the Port of
view
465,203.38
New York
overseas
for
State
79
and
State
in-20
schools
to
general
expenditures,
the
cost
of
and
0
representing
administering
facilities,
-
Debt service amounted to
30,118,082.66
37,089,430.73
.
countries, has been
sultant
$43,743,691.90
departmental :
the State and its
totaled
colleges
trans¬
reference
work,
based on first-hand
more than 100 airports
study of
amounted
air
standard
welfare
and
major terminus for
domestic
port after the war, was announced
yesterday by Frank C. Ferguson,
including 15
penal institutions, 5 social
institutions
as a
and
"Airports,"
institutions,
25
Wal¬
analyst/to
the planning staff of the Port of
New York
Authority, which is in¬
385,000.00
$157,660,808.78
And
car¬
augurating comprehensive studies
859,803.35
.
the
compared
rate of, 6.69
7
follows in part:
"Herald
of
8,265.925.06
Highways
Housing subsidies
The
Ap¬
21,131,644.92
training
Health
preceding
,
Analyst
Staff—The''NeW York
32,024,453.29
welfare
Relief
Vocational
the
Chairman of the Port Authority.
Mr. Wood, who is the author of
to
The appointment of John
ter Wood, air-transport
These amounts
use
mills per $1, as
6.35
mills.
Appropriations for county high¬
purposes
aggregate $338,751.19 as compared with $236,676.80 a year ago, and the county
highway rate is 1.15 mills as com¬
pared with .81 mills. The county
highway tax is levied against an
equalized assessed* valuation of
$294,173,952, was soldiers' bonus
money property,, exempt from the
general county tax, is assessed for
highway purposes. Thus, the com¬
bined county tax rate is again 7.5
mills per $1.
'
'
Supervisor Sharp prefaced his
presentation of the budget by
reading a prepared statement. It
pointed
period.
Social
is
with
ried the
Local
/•"
Authority. N. Y.
$157,660,808.78. for the nine-month"
purposes:
July 1, 1942 and March 31, 1943.
York.
Port of New York
the
$129,850,447.49, and from Federal
grants of $27,810,361.29, a total of
Of
months
grounded its conclusion
North
wait
of
major
claims
one.
1.141%, the lowest
paid by the State.
ever
net
1
Cdurt
submitted to the vot¬
appeared
that the state
were
it
ers,
were
reserved to
time
right to call
noteworthy
to 40 years as here¬
one
the first
ment
the
elimination
unique and
tofore; the State
for
might
to
the amount of $12,000,sold on Feb.
25,1943, The
in three respects:
made payable in
:
for
\^'77;7-7
■
in
he
as
for debt service which'have pre¬
vailed during the past two years:'
Nine-Month Period Reported Is¬
preceding Oct. 1, 1938, the date
for assessing property for the 1939 sued—State
Comptroller
Frank
C. Moore has issued the annual re¬
taxing year.
"7.
;
W. Eddy Heath, counsel for the port covering the financial opera¬
township, told the Errors Court in tions of the State of New York for
a ,brief
today that the Supreme the nine-month period between
a
which
competing ports."
70%
the
the
.
per¬
the big iro'm
appropriations amounting to
is that these
,
was
period
advantageous
crossing
were
sale
rate
Hillsborough Township,
Somer¬ officials
kept their promises, they
County,*$11,604,815 worth of delivered the
goods, and that a
the intangible personal property
vast majority of all owners of
of Duke Power
Co., a gigantic real estate are
deeply grateful to
public utility operating in the them for
having done so..
Caroiinas, with a registered office
"City bonds amounting to $22,in New Jersey.
595,000 will mature.
The money
The assessment was established
to pay them off, aside from that
by the State Board of Tax Ap¬ which is obtained from the sale of
peals for the year 1939 after long
refunding bonds, will have to be
litigation
before
the
Somerset secured
by continuing to levy .not
County Board of Taxation, but less than the back
breaking taxes
.
000
also
set
,
approval
despite
h|| machines, $77,748; total, $497,-
prepared to,an¬
am
great
overwhelming
transport,
be
trans-Atlantic
.
constitutional
recognize and
—With
registered for five of the six pro¬
posed constitutional amendments
should
for
t
constitu¬
vote
Amend¬
York
terminal
.
years. ";7"v'
!'h"
-•v •
;
Mr. Edge, who Was instrumental
in getting the issue of constitu¬
tional revision on the ballot
work
Constitutional
Approved—Sixth Doubtful
New
possible stabilization of the
tax rate, Although the county has
ment for
voting, ,sp that it will resorted to
terest cost upon the debt contract¬
"At the time the pledges were
refunding of part of its
be satisfied by four
months' resi¬
edin 1943, a minimum of
annual maturities during the past
$1,440,- dence
given a total of $22,470,000.00 of
within the
000.
'
county, city or several years, this has not inter¬
bonds of the city were due to ma¬
village: Yes, 499,941; No 170,818.
New York State closed its fiscal
fered with a program of progress¬
ture in
the two fiscal years • be¬
To
revise
residence
reouire- ively
reducing the outstanding
ginning July 1, 1942, ' and ending year ended March 31, 1943 with an ments for
election to Senate or debt. With the
outright retirement
accumulated surplus of
June 30, 1944.
•
'^
$68,962,- Assembly: Yes,
479,463; No, 162,- of $868,000 bonds in the new fiscal
7
"These bonds have been or will 416.65.
>7 v'7;S 911.
;
77.V'',': year, the total indebtedness will
be paid at maturity out of $15,Receipts during 9 months
To amend certain
constitutional have been slashed/from the, 1939
ended March 31,
470,000 raised by taxation, and
1943,
' '
limitations on Court of
aggregated
Appeals peak of $10,664,000 down to $7,$283,732,471.40
$7,000,000 raised by selling re¬ After
jurisdiction:
deducting amount's
:77
Yes,
484,528;
No, 878,000, Except for refunding, the
funding bonds. During the period
shared
with
localities,
>•
159,572. :;;7
:
:
county has not issued any new
and State aid to local¬
beginning Jan. 1, 1942' and up to
ities
bonds since Dec. 1, 1940.
from
appropria¬
Onondaga County (P. O. Syra¬
today, the only new bonds issued,
tions of
129,850,447.49
Presented by Supervisor Edgar
and now outstanding amounted to
cuse), N. Y.
.here
A. Sharp, finance committee chair¬
Certificate Sale—The
remained
available
1
$497,748 at the date of issue, 7
$1,500,000
for State
tax anticipation
purposes,$153,882,023.91
"The emergency
bonds issued )f
certificates of in¬ man, the new budget carries ap¬
which
there
was
exwere for the following purposes:
debtedness offered for sale on propriations totaling $4,232,462.17
pended
139.047,027.07
for genera] government purposes
Nov. 16—v. 158,
p.
1986—were
Civilian protection/ incidental to
leaving an operating, surawarded to the Central
Hanover as compared with last year's gross
the World War, $270,000; water
plus of
$14,834,996.84
Bank & Trust
of $4,232,954.18.
Co., and Barr Bros.
,supply, to extend new and replace
The major portion of the
Revenues are figured at $2,373,Comp¬ & Co., both of New York*
jointly,
water
mains,
$150,000;
general troller's report is devoted to an at
0.43% Dated Nov. 22,
1943, and 229.30, as compared with $2,280,improvement, to purchase 93 vot- analysis of the revenues, and ex¬ due on
188.36 a year ago. The net county
April 22,1944.
penditures and gathers together a
Second highest bid was an offer tax levy is thus $1,859,232.87, a
complete picture of the State's ex¬ of 0.44%, plus a premium of
decrease of $93,532.95 from the net
$18,
:i"That is a great accomplish¬
penditures, shows its magnitude, submitted by the National
City figure of $1,952,765.82 for the fis¬
ment.
It establishes a record that and
gives some idea of the scope Bank of New
York, while the cal year which ends Oct. 31.
has never even been approached of
operations carried on by the third best was a tender of
The general county tax rate, to
0.44%,
in any two-year period since 1918.
various departments and
agencies. plus a premium of $12.50, offered be levied against a total equalized
"While it is true that there have
Various charts and schedules re¬ by the First National Bank of New assessed valuation of $292,972,579
particu¬
for
shorter
bonds
to
Frank M. Davis,
then in office, has given his full
cooperation.
5
'
1
triumph for Governor. Edison.
battled
Five
ments
"There
is
no
question," Mr,
Ferguson stated, "that the Port of
.
amended to
was
Comptroller to borrow
Grade
"Comptroller
changes
a
way
witnessed
v.-
7
-
In
Law
State.
some
/ "No finer example of good faith
the part of elected officials
has
the
He
such
on
The
lar
for revision
only
J.
States
improvements, to borrow might have to
instead of
Joseph
entirely to the purchase of United
Government obligations.
and
cooper¬
closely contested sixth
pickup and delivery for air freight
7: • 7 77' ■.'•
777 ' 7/ •"■.v:.vi. .■ 7 and
passengers."
This sixth
one—actually No. 3
in the list submitted
to the voters Suffolk County (P. O. Riverhead),
in
,
to the voters next November. The
success
elected
made this pledge.
;;
j. •;
1
"The pledges have been kept.
vision by 380,385 to 244,033/ Only
Hudson and Ocean Counties
revise
rank
.
Authority is
ating with Federal, state and local
organizations in its studies.
fore
nance
■
.
the -past several months in¬
vestments by the State of New
York have been confined
almost
of the three divisions
one
determine
Council
bonds
,"Mayor
in
defeated.
equal
department.
mit the
which made the issu¬
arose
of
ance
where.
will
having equal
1943, at the re¬
quest, of Mr. Moore, the State Fi¬
asserted.
statement
With
measure
deputies
certain
been witnessed any¬
proposed bond issues unless
thirty-eight of 3,647 elec¬
districts missing, the Jersey
voters approved constitutional re¬
sinking, trust and
funds, which aggre¬
for
providing for three
potentialities after the war as a
major terminus and that the Port
of New York
interested officials
co¬
efforts of all agencies
will be needed to make sure
that
the Port of New York realizes
its
for, the maximum life of the im¬
President
November two years ago pledged
themselves to vote "no" on all
tion
the
one
Mr. Ferguson said that the
ordinated
provement.
of
7 "A majority of the members of
the
forty-four.
$496,098,-
State's several
set¬
1943, the State Finance
rigidly required the Comp¬
troller, in issuing State bonds for
The statement follows:
,
Legislature now
constitution/and
this administrative
Law
example
of good
the part of elected offi¬
where,"
In
to
and to the public a more
complete
and comprehensive
picture of the
investments held in trust for the
exercised by the
was
Prior to
pre¬
finer
cials has
Assembly the Democrats pick¬
$517,828,444.06
March
declined
gated $335,866,560.55, ail increase
of $12,671,543.48
during the ninemonth period.
It discloses .that
of the
Council
•William E. Robertson.
of
and
debt
retirement
ation of
even
election
Repub¬
1942
net
present to the
State ad¬
new
compensation
Each deputy is responsible direct¬
ly to the Comptroller for the oper¬
;
1,
The
completely
reveals a number of
significant
accomplishments during the first
three months of the
1943.
Volume II of the report has been
revised in order to
as¬
also
troller Frank M. Davis and
ed up a net gain of two
seats, but'
will be outnumbered sixteen to
was
intro¬
It
receiving
has
meet it.
twenty-one seats.
1,
new
jority
7
control
Jan.
on
proached in any two-year period
1918," Mayor Kelly, Comp¬
American Ambassador to France,
will
mean
also
an
unparalled
drought in. patronage for Mayor
.
procedures
Mr. Moore since he
office
up a
1941—
since
United States Senator and
-
duced by
sumed
that
The victory of Mr. Edge, who is
sixty-nine years old, and who was
Governor of New Jersey during
the World War, and who later be¬
Hague.
new
only $497,748 in new
bonds since Jan. 1, 1942, "a record
•
July
245.63.
and
for
Since
Issuing
New Jersey's constitution for the
first time-in ninety-nine years.
'
a
tions
tuted
on
Mayor
Hague
fought most bitterly—revision of
came
policies, departmental reorganiza¬
from
falo "Evening News" of Oct. 25:
L
the
between
31,
Comptroller through his assistant
and his first, second and
third
deputies. ; There has been substi¬
main¬
approval
This report makes public for the
time many details of new
$37,089,430.73
and Control
pledges, the" United Tax¬
tained their control of both houses payers' League of Buffalo Inc., as¬
serted today in a statement issued
of
the
State
Legislature, and
got
Payment of interest and princi¬
pal on State debt out of general
funds amounted to
ority in the Department of Audit
Few Bonds Issued
J/ Murphy, Democratic Mayor of
Newark. In addition to Mr. Edge's
Republicans
by him
sinking,
We quote in part as follows from
an article appearing in the Buf¬
of
E.Edge, a Republican, to the Gov¬
ernorship by a margin of over
125,000; ballots, - defeating
the
Hague-backed candidate, Vincent
the
trust
several
Heretofore, administrative auth¬
Buffalo, N. Y.
Nov. 2 the voters- elected Walter
victory,
in
ministration.
"
Elected Gover¬
general
held
State's
first
NEW YORK
appar¬
use
de¬
;
restrictions, the
heavy license registration
was due to increased
cars by war workers.
1,
,
Court reserved
cision.
exceeding by $4,000,000
$14,000,000 estimate. Despite
declining gasoline tax receipts be¬
ently
more
Oct.
'
The
the
of wartime
made
before
cision.
listed ias
cause
was
months
the
trust and retirement funds.
Heath,
1938, and hence could not possibly
sustain the exemption." He said
the township was deprived of an
estimated $367,000 in taxes as a
result of the Supreme Court de¬
Reason for the
this
said. Mr.
"that assessment
na¬
than
from
for
'
"Obviously,"
bringing the total antici¬
pated unexpended balance at the
end of 1943 to $7,033,481.
vestments"
date of April
assessing
1, 1937.
ture,"
Revenue
of the
as
ment
a
con¬
for
Federal, county and
agencies and for air
lines and aircraft companies and
has helped design two technical
municipal
schools
for
the
Army Air Forces.
United
States
way
,
is indeed
"It
these difficult
present
Suffolk
able
the
on
.
pleasing to me in
times to be able to
affairs ox
in such a favor¬
financial
County
light.
ciates
,
I, with my two asso¬
the finance committee,
Supervisor
.
John N. Brennari of
Smithtown,
and
Supervisor S.
Wentworth Horton of Southold,
^jfay.^'fttM'
2098
it
kJ f L>
vc»*
:
THE COMMERCIAL & FINANCIAL CHRONICLE
have devoted
fort
to
weeks of eager
bring
about
conclusion, and
sisted
by
Board
ably
we were
member
every
ernment
ef¬
successful
a
office
the
of
Supervisors. To Chair¬
Tuthill, Super¬
Shelter
Island, is due
credit for his timely call
T. Everett C.
man
bids at his
their
the
such cost to be determined by de¬
accrued interest.
ma¬
ducting the total amount of the
fied check for $2,000.
than par
will be en¬
premium bid from the aggregate
respective
No
turities.
and
bid
accrued
tertained,
of
less
interest
Bids
to
be
amount of interest upon
forms
on
bonds
furnished by the above Secretary.
In the event that prior to the de¬
and
New York
interview
'
representative of the
Comptroller's office for the same
purpose.
Without this coopera¬
tion all around, we should never
have
been
able
to
bring the
county finances to such a satisfac¬
tory state."
a
Utica, N. Y.
Now
on
Connecticut
Bonds
Comptroller
List— City
Legals
Thomas
Nelson
notified
was
Nov. 6 that bonds of the city
added
been
necticut
State of Con¬
the
to
list.
investment
legal
on
had
Utica bonds have been
on
the le¬
excluded
in
was
city's
of
excess
scribed
could
Connecticut's
from
the
whose
cities
for
be
limit
the
purchased
by
banks in that State.
either
of
(having the earliest
of
part
issue
maturities)
the
bonds
and another rate for
the balance, but no bid may name
more
than two rates for either is¬
and each bidder must specify
each
rate.
The
bonds
will
be
awarded to the bidder
offering to
purchase the bonds at the lowest
pre¬
interest cost to the Town, such
bonds
cost to be determined by deduct¬
savings ing the total amount of the pre¬
mium
requires
Connecticut
for
rate
in his bid the amount of bonds of
list
debt
bonded
interest) is re¬
quired. Bidders are requested to
name
the interest rate or rates,
not to exceed 6% in multiples of
14 of 1% ; each bid may name one
that
the
bonded indebtedness shall not
ex¬
ceed 7%
of the taxable valuation.
Nelson
estimates
bid
from
the
aggregate
amount of interest upon all of the
bonds
until
their
respective
ma¬
turities.
In the event that prior
delivery of the bonds the
bonded debt at the year's end will
income received by private hold¬
be $7,987,474, or 6.5% of the tax¬ ers
from bonds of the same type
Utica's
that
able valuation.
and character shall be taxable
bids will
received
be
Sealed
until
noon
Nov.
following
denominations:
genuineness
The
'
First
at
These
$100,000, 8 at $50,000.
tificates will be
-to
6
and
validity
Bank
National
as
<
check for $1,-
the
State
Treas¬
Franklin
of Bos-
papers
be
incident to this issue
with
said Bank,
they may be inspected.
V.
Shope,
Board
filed
Township, N. C.
Clerk
first
instance
from
the
taxes
all
in
Trust
The
ered
amount.
"
certificates
will
against payment
Nov.
29,
Bank
of
be
-
deliv¬
on or about
at The First National
Boston, or at The New
Company, are payable
York Trust
'
at
The
Boston,
First
National
Bank
of
the Central Hanover
or at
Bank
&
Trust
Company, - New
York, and are payable to bearer
without option of registration and
bear interest payable at maturity
Bidders must name a single rate
of
interest
cates
are
discount
.
which all the
certifi¬
to carry, and no offer to
this
loan ,■
pill
cepted.
be
ac¬
Rejected
Debt
—
It
Refunding
is
reported
Flea
that
Frank C.
Moore, State Comptrol¬
ler, refused to approve 1944 re¬
funding in excess of $350,000,
after
hearing a plea made by
James H. Moseley, Chairman of
the Committee of 100, for permis¬
sion to refund
a
total of
$750,000
indebtedness maturing next year.
NORTH
CAROLINA
present
New
subsequent coupons attached. In¬
>
on
date called.
Show-Cause
Bond
he will receive sealed
office
Dated
Dec.
1,
$3,500 in
in
Raleigh until 11 a.m.
Nov. 23, for the pur¬
$100,000 refunding street
and side walk coupon bonds. Dated
Dec. 1, 1943. Denomination $1,000.
Due June 1, as follows:
$3,000 in
1944 to 1966, $10,000 in 1967 and
1968, and $11,000 in 1969. Regis¬
terable as to principal
only; gen¬
eral
obligations; unlimited tax; de¬
livery on or about Dec. 10, at
(EWT),
on
place of purchaser's choice. Prin¬
cipal and interest payable in New
Bidders
are
requested
to name the interest rate
rates,
not to exceed 6%, in
multiples of
14 of 1%. Each bid may name one
rate for part of the bonds
the earliest
other rate
may
or
(having
maturities), and an¬
for the balance, but no
name
more
than
two
Interest
is
rate
not
requested to
interest rate
of
to
(having
part
of
the-earliest
the
.%'j
but
Suit—It
in
is
until the
to
the
balance,
form
same
make
the
the
as
new
the old.
be
Attor¬
Strutz has
bonds of each rate. The bonds will
be awarded to the bidder
bonds
to
purchase the bonds at the low¬
ing the total amount of the
mium
bid
from
the
\
-
«
Bond
Barberton, Ohio
J" ' 4
Offering in Prospect—It
is reported that the
$160,000 fire
station and equipment bonds ap¬
of less
proved by the voters at the gen¬
than
par
eral election
accrued interest will be
en¬
1986— will
In the event that prior
tertained.
the
to
bid
and character shall be taxable by
the terms of any Federal income
tax
law, the successful bidder
may, at his election, be relieved
of his obligations under
the con¬
purchase the bonds and,
in such case, the deposit accom¬
panying his bid will be returned.
The approving opinion of Storey#
Thorndike, Palmer & Dodge of
tract
shortly.
to
Boston will be furnished.
Enclose
certified check for $1,480, pay¬
able to the State Treasurer.
Wilkes County
(P. O. Wilkesboro);
AC C.
Bond Offering
—-
W. E. Easter-
ling, Secretary of the Local Gov¬
Commission, reports that
\
Bond
on
be
Nov. 2—-v. 158, p.
offered
for
sale
.
44"% "%•'4
-
v;
Bellaire, Ohio
Kinkade,
reports that the
Sale—Ed.
City
City
Treasurer recently purchased, at
par,
$10,000
4%
sewer
bonds.
Auditor,
Dated March 1, 1943.
Denomina¬
tion $1,000. Due $1,000 from Sept.
in
a.m.
Raleigh, until Nov. 23,
(EWT), for the pur¬
chase of $84,000 refunding coupon
bonds.
Dated Nov. 1, 1943.
De¬
nomination $1,000.
Due May 1, as
follows; $6,000 in 1953, $8,000 in
1954 and 1955, $9,000 in 1956 to
11
1961, and $8,000 in 1962. Registeras to principal only; general
able
house
improvement bonds - were
purchased recently> at par, by the
Sinking Fund Trustees. Denomi¬
nation. $1,000. Dated Nov. 15,1943;
Due on Nov. 1 in 1945 to 1954 in¬
rate
for
:
East
part of the bonds
earliest maturities)
balance,
Cleveland, Ohio
Bond Offering—Sealed bids will
received until 1 p.m. (EWT),
Nov. 30, by Paul E. Beck, Act¬
ing Director of Finance, for the
purchase of $200,000 street im¬
on
provement
bonds.
is not to exceed
Interest
rate
2%, payable A-O.
Denomination $1,000. Dated Jan.
1, 1944. Due $20,000 from Oct. 1,
1945 to 1954. Kate of interest to
land.
No bid will be accepted for
but
suance
two
no
bid may name more than
rates, and each bidder, must
specify in his bid the amount of
less
than par and accrued inter¬
The proceedings for the is¬
taken
of
said,
under
bonds
have
been
the
Bond
Offering
—
W. E. Easter-
ling, Secretary of the Local Gov¬
be awarded to the bidder offering
ion will be furnished the
ful. bidder
mium
city.
from
the
aggregate
est
interest
cost
to
the
county,
about
2.67%.
was
The
next,
Siler, Roose &
Ball, Coons 8c Co. for
2%s, paying a price of 100.26. The
bonds mature
on Nov.
1, 1953; op¬
tional at par and accrued interest
Nov. 1, as follows: $6,000 in
1945, $7,000 in 1946, $8,000 in 1947to 1952, and
$8,500 in 1953.
on
Ohio
Municipal
A.
White
ported
on
(State of)
Bids
&
Strengthen—J.
Co.,
Cincinnati,
re¬
Nov. 17, as follows:
Bids for
'
Ohio
municipals have
strengthened during the past weekand
our
of
as
of
1.42%
10
index
of
20
Ohio
bonds
today recovered practicallythe
loss
of
The yield
today
a
the
previous'
the 20
on
at
bonds'
1.39%
against.
The yield on]
week ago.
high-grade bonds is
1.22%
now
*
against 1.24% and on 1.0 lower-'
grade bonds, 1.57% against 1.60% J
•
tThe spread in price between
high-grade
group and
the'-
the lower--
grade group was farther reduced
to .35% in yield,, which
compares.'
With a spread
of .42% on March
16, 1943, when the weekly com-'
putation of this index was started.'
4,
Solon, Ohio
.
,
Bond Offering—Sealed bids
will be received until
noon.<EST), on;
Nov. 29, by W. F.
Robishaw, Vil¬
The bonds will be
subject-to call;
for
at
redemption proir to--maturity
any
Jan.
1,
interest
1949,
call shall be
date
on
provided
or
that
aftersuch,
limited that there-
so
always remain in the Bond
Retirement Fund sufficient
money
ensuing semi-an¬
nual instalment of
principal andinterest of bonds of said
issue. The
amount
of
bonds
to
be
called
at.
interest date shall be deter¬
mined
by the Council not less
any
than
and
40
success¬
at the expense
"
days prior to such date
notice
of
such
Call
given by. publication in
shall
a
be"
news¬
paper of general
circulation in the<
City of Cleveland once a week for
four
consecutive weeks, the first
insertion to be1 at least 30
days
prior to said interest date).'If less,
than all of the
are
time
called
to
at
outstanding bonds.
time, or from
any
time, 'the
bonds to becalled shall be determined
by lot
under the supervision of
the clerk.
Principal and interest payable at
the Cleveland Trust Co*
Bedford '
bid for a different,
interest in multiples of
14
of,l%.
Award will fee made to
Bidders
may
supervision of
Squire, Sanders & Dempsey of
Cleveland, whose approving opin¬ the highest bidder at the lowest
ing the total amount of the pre-) to purchase the bonds at the lowbid
of
and
rate of
_
Clinton, AC C,
bonds of each rate. The bonds will
.
delin-,
to meet the next
be
bonds of each rate. The bonds will
be awarded to the bidder
the
$69,500
shall
clusive.
obligations; unlimited tax; deliv¬
at place of purchaser's choice. be in multiples of 14 of 1%. These
Interest rate is not to exceed 6%, bonds authorized at the general
payable M-N.
Principal and in¬ election on.Nov. 2, 1943, are gen¬
terest payable in New York City. eral obligations of the city and
Bidders are requested to name the are outside of all tax limitations.
interest rate or rates, in multiples Principal and interest payable at
of 14 of 1%.
Each bid may name the Cleveland Trust Co., Cleve¬
(having
Olmstead, Ohio
>
ery
one
fire'
1, 1943, Due as follows: $9,-)
Columbus, Ohio
•;
Bonds
Sold—It
is
stated
by 000 ftyly 1, 1945, Jan. and July 1, Helen J. Howard, City Clerk, that 194ft to 1955 and $10,000 Jan, and
$17,000 4% semi-annual market $9,000 July 1, 1956 ta Jan. 1, 1963.)
ernment
at
ap¬
$5,000
of
bonds.
Dec.
he will receive sealed bids at his
office
voters
1, 1944 to 1953 inclusive. Princi¬
lage Clerk, lor the purchase of "
pal and interest (M-S) payable at
$332,000 2% refunding of 1943
the City Treasurer's office.
bonds. Denomination
$1,000. Dated;
est.
offering
purchase the bonds at the low¬
4
delivery of the bonds the
income received by private hold¬
ers from bonds of the same
type
Co.
stands
amount of interest upon all of the
bonds until their respective ma¬
No
basis
week.
-y-;-
election*
an
the
Sale—The
highest bidder
all
1
%4.ohio
pre¬
aggregate
itself.
2
158, p. 1778—were awarded to
Stranahan. Harris & Co., Inc., as
2%s, paying a price of 100.446, a
transfer
must
and
v.
m
ruled,
however,
that
changing
from single to split interest bonds
does not change the form of the
offering
station
quent tax bonds offered Nov. 16—
negotiable bonds
General Alvin C.
ney
rates, and each bidder must
specify in his bid the amount of
est interest cost to the town, such
cost to be determined by deduct¬
North
es¬
$1,237,000
are
...4
issue
an
Bond
he
legality is determined by
pointing out the 1937
converted
fire
Voted—At
Nov.
on
the courts,
are
general-
approved the issu¬
$12,000
proved
statute requires that when bonds
bonds
the
Nov. 2 the voters
truck purchase
the
of
the'
Kinsman, Ohio
held
re¬
why
cause
by
conversion
refuses to
son
the
bid may name more than
no
of
Bonds
Issued
and also seeks new bonds issued
with split interest coupons instead
of single interest coupons. Ander¬
maturities)
another rate for the
held
estate bonds
rates, in multiples
Each bid may name
for
rate
on
have
to
ance
non-negotiable North Dakota real
and another rate for the
to
Order
show
to
bonds
seeks
or
14 of 1%.
one
name
Voted—At
election
$1,680, pay¬
4
was
Columbus, bidding for
said
AllisonWilliams Co., Minneapolis.
The
bond house, according to report,
6%, payable J-D.
Bonds
are
registerable as to principal
only; general obligations; unlim¬
ited tax; delivery at place of pur¬
chaser's choice.
Principal and in¬
terest payable in New York City.
are
of}
price of 100.47.
a
Bonds
Enclose
non-negotiable State real
tate
exceed
Bidders
Co.
Twp. Fire Protection DistJ
(Pw O. W ashingtonville), Ohio
should not issue negotiable bonds
for
rates, and each bidder must spe¬
cify in his bid the amount of
est interest cost to the town, such
cost to be determined by deduct¬
114s, at
(State of)
Conversion
derson
1950 to
1963.
1778—were,
p.
Green
asking State Treasurer Carl An¬
1943.
1953, $4,000 in
1954 to 1957, $4,500 in 1958 to 1960,
$5,000 in 1961 and 1962, and $5,500
in
158,
highest bidder
Ohio Co. of
that District Judge Fred
Jansonius has
issued
an
order
Denomination $500.
Due June 1,
as follows:
$3,000 in 1945 to 1949,
bids at his
chase of
next
ported
Raleigh, until Nov. 23 at
(EWT), for the purchase
$74,000 general refunding cou¬
bonds.
16—v.
awarded to J. A, White &
■
a.m.
pon
Nov.
DAKOTA
North Dakota
f
11
of
The $25,400 semi¬
—
apparatus bonds.
NORTH
his
a
Mebane, N. C.
Offering—W. E. Easterling, Secretary of the Local Gov¬
ernment Commission, reports that
bid
certified check for
Easter-
Bond
York City.
'
Larger
Co.,
terest ceases
taxable property within
city without limitation as to
or
should
York City, for
payment, with July 1, 1944 and
the
the
Holders
bonds at Central Hanover Bank &
anticipation of which said certifi¬
cates are issued, but if not so paid,
payable ultimately from ad val¬
orem taxes which may be levied on
rate
of
1967.
ligations of the city payable in the
Boston will be furnished.
office in
and
Bond Call—It is stated by Lake
Bond Sale
The approving opinion of Storey,
Thorndike, Palmer & Dodge of
able to the State Treasurer.
sealed bids at
i
annual Sewer District No. 1 water;
main bonds offered for sale on
In the event that prior
turities.
to
of the County
Commissioners,
that
4%% refunding road bonds Nos.
where
The successful bidder will be fur¬ 15, 16, 22, 27, 50, 51, 53, 55, 58, 62
and 72, are called for payment on
nished with the opinion of Haw¬
Jan. 1, 1944, at par and accrued
kins, Delafield & Longfellow, of
interest.
New York, that the certificates
Dated Jan. 1, 1937. Due Jan. 1,
are valid and legally binding ob¬
legal
will
■
certified
a
urer.
by
l ton, and a duplicate transcript of
the
ling, Secretary of the Local Gov¬
Commission, reports that
he will receive
ma¬
bid of less than par
interest will be en¬
in such case, the
deposit accom¬
panying his bid will be returned.
Gilead, AC C.
E.
\ '
,
a
Offering—W.
respective
,,
Ohio
of his obligations under the con¬
tract to purchase the bonds and,
two
tax
880, payable
cer¬
authenticated
4
'
Cincinnati, as 114s, paying a price,
ers from bonds of the same
type of
100.73, a basis of about 1.11%.
and character shall be taxable
by
Dated Dec. 1/1943. Due on March
the terms of any Federal income
and Sept. 1 in <1945 to 1953 in-;
tax
law, the successful bidder
elusive.
'
4.
4,-'
■ .•
'
may, at his election, be relieved
The
certified
a
all of the
.
ernment
law, the successful, bidder
may, at his election, be relieved
of his obligations under the con¬
tract to purchase the bonds and,
of any
terms
Enclose
certi¬
a
•
• .1.
,
Franklin County (P. O. Columbus),
delivery of the bonds, the
income received by private hold¬
$2,000, payable to the
Mount
Boncl
and
23, by Robert C. Mont¬
gomery, City Comptroller, for the
purchase of $1,000,000 certificates in such case, the deposit accom¬
of indebtedness.
Dated Nov. 29, panying his bid will be returned.
1943. Due on Aug. 29, 1944. Issued The approving opinion of Reed,
against uncollected taxes for 1943. Iloyt & Washburn, of New York,
This loan will be issued in the will be furnished the purchaser.
on
check for
by
Federal income
the
Yonkers, AC Y.
Certificate Offering —
•
the
to
be furnished
Enclose
accrued
..'..'V
the
to
State Treasurer.
and accrued
par
will
purchaser.
each separate issue (not less than
sue,
gal list for New York and Massa¬
chusetts for some time, but were
because
tions; unlimited tax; delivery at
place of purchaser's choice. Prin¬
cipal and interest payable in New
York City.
A separate bid for
No
tertained.
for
their
until
turities.
$67,000 general. Due June 1, as
follows: $2,000 in 1945 to 1959, livery of the bonds the income
received by private holders from
economy earlier this year.
$6,000 in. 1960 to 1962, $7,000
"Planning for
this
budget
bonds of the same type and char¬
in 1963, and $6,000 in 1964 and
started
some
weeks
ago
when
acter shall be taxable by the terms
1965.
County Chairman W. Kingsland
of any Federal income tax law,
■27,000 water and sewer.
Due
Macy and I made a trip to Albany
the successful bidder may, at his
June 1, as follows: $1,000 in
for the purpose of arranging with
election, be relieved of his obli¬
1947 to 1959, $2,000 in 1960 to
the Comptroller's office for the
1963, and $3,000 in 1964 and gations under the contract to pur¬
continuation of the refunding pro¬
chase the bonds and in such case
19654
gram for the fourth and final year.
the deposit accompanying his bid
Dated Dec. 1, 1943. Denomina¬
Supervisor Horton and County
will be returned. The approving
tion $1,000.
Registerable as to
Treasurer Ellis T. Terry also ac¬
opinion of Masslich & Mitchell of
principal only;
general obliga¬
companied me to New York, to
much
Enclose
"
in
of
visor
until
bonds
Raleigh until 11 a.m.
(EWT) on Nov. 23, for the pur¬
chase of $94,000 refunding coupon
bonds, divided as follows:
as¬
of
amount of interest upon all of
Commission, reports that
he will receive sealed
Monday, November 22, 1943
rate
of interest
for hot less
than'
-of the the face value thereof and accrued'
No bid for less than par and interest. Said bonds are issued for"
Volume
the
158
Number 4231
of
purpose
refunding,
THE COMMERCIAL &
at
a
lower rate of interest than is pro¬
annually
on
the valuation assessed
9,000 Comedo impt. 6s of July 1,
1922, optional July 1, 1938, to
be redeemed at the
Guaranty
Trust Co., New York City.
30,000 Guayanilla impt. 5J/2S of
July 1, 1922, optional July 1,
1943, to be redeemed at the
Guaranty
Trust
Co.,
New
York City.
9,000 Maunabo impt. 6s of July
for
therein, certain bonds of the
Village heretofore duly and legal¬
ly issued ancl now outstanding and
county, purposes as now is or
be provided by law, an ad¬
ditional tax sufficient to pay in¬
terest and
sinking fund charges
subject to call, and
on
vided
der
the
Ohio
issued
are
un¬
authority of the laws of
and
the Uniform
Bond
Act
and in accordance with Ordinance
No,
1943-35, passed by the Council
the Village on Oct. 18, 1943,
of
The original debt now represented
may
its indebtedness, together with
taxes
any
covenanted
to
,
be paid
thereon, and all property, offices,
professions and persons made tax¬
able by the laws of the Common¬
wealth, for county rates and levies
1, 1922, optional July 1, 1940,
in the discretion, of council,
to be redeemed at the Chem¬
may,
by said outstanding bonds was all
incurred prior to Jan. 1, 1931, and
for this additional
all of said
are
That
in
shall
in
now
outstanding bonds
the
hands
due course.
of
holders
Bids submitted in
cordance with
considered
the
notice
the
and
ac¬
will
the
of
sale
be
taxed after
be
same
ical
manner
prevent
the
application
made
at
of
to
Council to be held in the Village
Hall at 8:00 o'clock p.m. on Nov.
Allegany, Pa.
'
Bond Sale Details—The $20,000
Enclose
320.
certified
a
for
check
'•
$3,-
denomination
Interest
of
$1,000 and
$1,000 annually on Oct. 15,
1945-1964; optional on any
October 15,
on
30 days' notice,
Principal ana interest payable at
Zanesville, Ohio
Authorized
—
The
City
'
Council is said to have passed an
ordinance calling for the issuance
of
$35,000
funding
and
bonds.
in
3%
Due
1949 to
semi-annual
re¬
operating expense
April and Oct. 1
on
1953
Radnor
Porum, Okla.
Bond
Clerk
Sale
now
Details—The
that
the
$4,000
Town
as
states
$5,000
water bonds sold to R. J.
Edwards,
Tnc., of Oklahoma City—v. 158, p.
1778—-were purchased at par, di¬
vided
follows:
as
1950.
/
•
stated
Bonds
Approved
The
—
voters
approved the issuance of $10,000
heating system bonds for the pur¬
of installing a new heating
plant in the school building:
pose
OREGON
Portland, Ore.
Rouseville, Pa.
Parking Meters Yieid $1,000,000
Revenue—City
000,000
meters
in
has
derived $1from parking
revenue
during five
years
of
oper¬
year
the
is
yield
an
tion of meter revenue is
earmarked
for
now
be-im¬
At
an
voters
V.
'
■
./%•
RICO
Puerto Rico
of
Bonds
Voted
election
on
Rafael
—
Buscaglia, Treas¬
said
to
have
ance
of the
—
At
the
to
general
approved the
are
issu¬
$150,000 water system
;
%,
construction bonds.
Lewisburg, Pa.
of
Puerto
1923,
Prepay Remaining Bonds—
The Borough Council at a recent
meeting voted to redeem on Dec.
outstanding balance of
ap¬
proximately $3,200 bonds of the
30-year issue sold in 1916, V* The
bonds are not scheduled tb mdturb
The
bonds, dated Jan. 1,
are callable on the above-
deemed
date
and
will
be
presentation
upon
re¬
and
New Refunding Bonds Marketed
—A group composed
ers
Trust
Trust
&
of the Bank¬
Co., New York, Harris
Savings Bank, and the
Co., both of Chi¬
for
respective
RHODE
the
pay¬
fiscal
Authorized
authorized
cease
Interest
Jan.
The
that
on
the bonds will
1, 1944.
Treasurer
also
announces
the
municipality of. Vega
Baja has exercised its option and
is
ing to the $200,000 issue, dated
July 1, 1922, and maturing $6,000
each on July 1 from 1944 to 1953,
inch, and $10,000 on July 1 from
1953 to 1957, inch These bonds are
callable on and after July 1, 1943,
made public offering re¬
cently of a block of $900,000 new
3 Vz %
refunding bonds of 1942.
anty Trust Co. of New York City,
fiscal agent for the issue.
proceeds
used
in
It
cash.
to
is
retire
also
the
loan
possible
that
eral
Assembly Act No, 296, ap¬
proved by Governor Edward Mar¬
tin on May 27, 1943, Article 13
in Section 4 of the existing statute
governing the operations of bor¬
oughs was amended by adding
thereto, after section 1301, a new
section to read
as
follows:
"Section 1301.1. Additional
—The council of the
have
power
to
Levy
borough shall
levy
andv collect
fol¬
lows:
mium
to be redeemed at the Chem¬
ical
Bank
York
City.
&
Trust
Co., New
%
17,000 Aguas Buenas impt. 6s of
Jan. 1, 1922, callable July 1,
1940, to be redeemed at the
Guaranty
Trust
Co.,
New
York City.
1942, to be redeemed at the
Guaranty
TrustCo.,
New
not
to
exceed
4%
of
par
redemption
maturity of the
bonds called for
redemption. Bid¬
ders shall
name
rate
a
or
rates of
interest to be borne by the bonds
multiples of % or 1/10 of 1%.
in
The named
rate
be uniform
may
for the entire series for all of the
bonds or may be
split so as to
name
not more than two rates,
but there shall be no more than
rate
for
any
maturity.
one
/
Court, in
ton), S. C.
Upheld—
Supreme
decision handed down
a
Nov:
on
3, enjoined the Charles¬
ton County Board of Commission¬
from entering into a contract
the V Housing corporation
ers
with
"for
certain
public
improve¬
ments," but held that the county
is
entitled
bonds
as
to
issue
$350,000
provided in the 1943
in
sup¬
It declined to enjoin the
from
issuing
ers
from
'
at
money
the
Guaranty
at the
Co., New York,
or
Hamilton National Bank, Chatta¬
The successful bidder must
nooga.
Trimble & Mitchell of New
York,
whose legal opinion will state in
that
the
bonds
have
been
Power Board of
lect
the
covenanted
such
revise
rates
same
to
and
Chattanooga
fix
and
col¬
charges
and
from time to time
whenever necessary for the facil¬
ities
of
the
municipal
electric
power plant and distribution
tem
sys¬
will always provide reve¬
sufficient to pay the prin¬
as
nues
cipal of and interest
offered
for
sale
heretofore
pursuant
Board of
on
and
using the proceeds of any
or any other tax
bond funds for construction of
The
court's
Augustine
order
systems un¬
Doran
said
further
bill.
T.
and
TENNESSEE
Chattanooga, Tenn.
Bond
Offering—Mayor
E.
D.
Bass is calling for sealed bids un¬
til
11
a.m.
(CWT),
on
value
Nov.
plus
basis
of
cost
the
to
bonds
lowest
the
in
city
the
amount of
$6,040,000,
the
of
Comparison
as
award, will be
by taking the aggregate of
made
interest at the rate
the
over
life
of
rates named
or
the
bonds, and
deducting therefrom the premium,
if any, specified in the
bid, to de¬
termine the net interest cost to
the city.
In the event that prior
the delivery of the bonds the
income received by private hold¬
to
of bonds of the
ers
same
type and
character shall be taxable
by the
terms
of
Federal
any
hereafter
tax
law
enacted, the successful
at
may,
his
his election, be
obligations under
the contract to purchase the bonds
and in such case the
deposit ac¬
companying
turned.
his
All
bid
bids
will
be
be
must
re¬
uncon-.
ditional and be accompanied
by a
certified check for
$120,800, pay¬
able to the
City Treasurer.
Tennessee (State of)
'
Bond Offering-^Governor Pren¬
tice
Cooper
State
the
until
10
a.
purchase
,
that
announces
the
Funding Board will receive
bids
bursement
m.
of
Dec. 6, for
on
$160,000
State
county
reim¬
or
registered
for
coupon
bonds.
Dated Dec. 1, 1943.
De¬
$1,000. Due Dec. 1,1951. Bid¬
ders
are
rate
of
bear
The
requested to stipulate the
the bonds are to
interest
in
multiples
of
Vi
stipulated for all the
bid
of
1%.
rate of interest must be
same
for less
bonds.
than par will
No
be
ac¬
cepted.
Principal
and
interest
payable at the fiscal agency of the
City or at the
State in New York
office of the State
the
bonds
issued
rect
as
State
for
full
provisions
as
to both
to
principal and
the
payment
and
,
are
di¬
of
obligations
faith
for
principal
All of the bonds
general
the
Treasurer, and
contain
or
the
interest
all
of the lowest net interest
cost,
a
basis for the
alone
of
net
for
aggregate principal
interest.
resolution
in¬
Bidders may offer
a premium if
desired.
The award
of said bonds will be made on
the
bonds
Commissioners, No. 2259,
accrued
terest thereon,
the bonds
a
to
less than the par
pay
thereof
all
the
of which
credit
of
the
approved July 27,* State are pledged, and as addi¬
1939, in addition to paying the tional security therefor, there is
necessary expenses of operating also pledged the annual net rev¬
adopted
and
and that the holders of the bonds
offered
the
herein
rights,
shall
powers
have
and
all'of
remedies
which said holders would be
en¬
titled to if they were owners and
Smythe, counsel
Carner, said that
the decision apparently
accom¬
plishes the purpose for which the
suit was brought, in that it pre¬
vents the spending of the proceeds
of the bond issue solely for sewers
and paving for the V Housing
Corporation.
for
offering to
registration
hereafter
un¬
successful 'bidder.
No bids
will be considered for said bonds
their
or
date,
the
nom.
derived from the
said
on
date of delivery is
agreed upon between the city and
to
was
a
bonds
consolidated
be
Co., New
1943, ancl the
another
State, and constitute valid and
legally binding obligations of the
city, payable solely from "revenues
'
sale of the bonds
or
said
less
relieved of
Trust
and maintaining such system and
all other obligations and indebt¬
brought in the
edness payable from such reve¬
Supreme Court in the original
jurisdiction by Charles F. Doran nues, and that such rates and
and
L.
J.
Carner,
Charleston charges shall not be reduced so
County taxpayers, to prevent the as to be insufficient to provide
county from floating a $350,000 revenues for said purposes; that
bond issue for improvements in said bonds shall be on a parity
developments ' owned by the V and rank equally as to lien and
source and security for payment
Housing Corporation,
Doran
and
Carner
contended from such revenues, and in all
that the county was without power other respects with all of the out¬
to tax private
property for the standing Electric Power Revenue
benefit of a private concern: The bonds, series A, dated July 1,1939,
commissioners had signed a eon- issued pursuant to said resolution
tract April 12, 1943, with the V adopted and approved
July 27,
Housing Corporation and the in¬ 1939, and any bonds hereafter is¬
junction prevents the commission¬ sued pursuant to said resolution,
bonds. V;
The action
for
bidder
to
Bond Jssue
Validity
The
South
Carolina
19,500 Barranquitas impt. 6s of
Jan. 1,< 1922, optional July 1,
York City.
pre¬
value from the date of
to the date of
have
Charleston County (P. O. Charles-
1943 supply
$40,000 Adjuntas impt. 5s of July
1, 1922, callable July 1, 1942,
a
14 of 1% for each year,
thereof, but said pre¬
operation
of
the city's municipal
electric
has never issued bonds without
power plant and distribution sys¬
such authority, it was saicl.
tem; that the city and the Elec¬
that its order would not affect any
others sections or provisions of the
as
redemption, plus
fraction
or
authorized in accordance with the
Constitution and Statutes of the
of
municipalities,
of
sembly to authorize the issue, al¬
though both State Attorney John
H. Nolan and City' Solicitor John
sewerage system or
der the contract.
Boroughs to Issue Unlimited Tax
Bonds—Under the terms of Gen¬
date
effect
also called for payment on Jan.
various
order,
thereof
together with accrued interest to
the city may ask the General As¬
Acting on behalf of the munic¬
ipalities involved, the Treasurer
Text of Amendment Permitting
notice in inverse numerical
the principal amount
at
Government
due
Pennsylvania (State of)
$610,000 in 1965.
$650,000 in 1967,
and $690,000 in
1969.
Redeemable at the option
oL the city on any interest
pay¬
ment date upon 30
days' published
with
The
1,
1944, at par and accrued interest,
a
total of $613,500 coupon bonds
$570,000 in 1963,
in connec¬ pay for said $6,040,000 bonds not
proposed purchase of less than the principal amount of
land for road widening
and
accrued
interest
purposes. $6,040,000
It is not yet. decided whether the thereon to date of
delivery.
The
bonds will be issued to the Gov- legality of the bonds will
be ap¬
renment or sold publicly and the proved
by
Caldwell,
Marshall,
tion
commissioners
and will be redeemed at the Guar¬
offering embraced $500,000
1975, optional 1959, at a price
to yield 2.05%, $200,000 maturing
1975, callable 1962, at a 2.10%
basis, and $200,000 due 1975, op-,
tional 1965,-at a 2.15% basis.
$560,000 in 1962,
$590,000 in 1964,
$630,000 in 1966,
$670,000 in 1968,
Trust
30,
successful bidder shall be obli-4
gated to take delivery of and pay
lawful
—
to repay a loan obtained from the
Federal
2%%, payable J-J.
the
Guaranty
York, on Dec.
Principal and interest payable in
City
has
bond issue of $99,000
a
exceed
Denomination $1,000. Dated Dec.
1, 1943. Due on July 1 as follows:
$530,000 in 1960, $540,000 in 1961,
one
ISLAND
Newport, R. I.
Bonds
\
ply bill,
the Treasury of the
States, Washington, D. C.,
through any Federal Reserve
Northern Trust
cago,
to
agents.
United
( palling for
payment on Jan. 1,
1944, at par and accrued interest,
until 1946, but will be paid lii ad¬ the outstanding 6% coupon bonds
Nos. 97 to 200, inch, correspond¬
vance..
■■
Philadelphia, Pa.
presented
the
surrender at
Bank.
To
the
1948.
mentioned
or
"
1
Government
1923
gold loan
Rico, series A to D, registered
public improvement bonds of 1945
Nov. 2 the voters
at
Municipalities Called for Pay¬
ous
ment
interest, $1,000,000 5%
■
when
ment
attached
(Government of)
Bonds of Government and Vari¬
ciation reports.
Coatesville, Pa.
bonds
not to
tric
urer, has called for payment on
Jan. 1, 1944, at par and accrued
PENNSYLVANIA
be
SOUTH CAROLINA
provements
after
the
war,
the
Municipal Finance Officers Asso¬
.
must
require legislative permission to
issue bonds, 'The city, however,
—
the
2
PUERTO
34.7
traffic
1, 1944, and
subsequent to that
"election
Voted
Nov.
bonds.
cents a day on each meter
^despite
gasoline rationing. A large por¬
ing
outstanding,
approved
issue of $28,000 school district
Bonds
held
The average yield on each
meter in 1940 was 32 cents a day
this
above-
C. Burke have reportedly ruled in
the past that the city does not
ation.
and
the
2099
for
the
purchase of
$6,040,000
electric power
refunding revenue,
series A, bonds.
Interest rate is
mium of
after Jan.
coupons
by the
Robesonia, Pa.
re¬
in
is
States,
yet.
Township Secretary that the $14,000 general obligation bonds sold
to the Township at par for
0.50s,
as noted here—v.
158, p. 1868—are
clue $1,400 from Sept. 15, 1944 to
1953, inch Denom. $700. Interest
payable M-S.
•.
4s, due
$1,000 in 1946 to 1949, and the
maining SI.000. .as' 2%s, due
all
Twp. (P. O. Radnor), Pa.
Maturity—It
of
currently
cease
date
First
National
Bank, Port
Allegany.; Fi S. Cook, Borough
Secretary, reports that no date of
inclusive.
OKLAHOMA
will
the
sale has been fixed as
all
on
balances
from
Bonds
at the Treas¬
mentioned bonds, which represent
mature
...-
be redeemed
«
vember
the
City.
39,000 Yauco impt. 6s of July 1,
1922, optional July 1, 1940, to
be redeemed at the
Guaranty
Trust Co,, New York
City.
refunding bonds voted in the No¬
election, will be issued in
29, provided that the right is re¬
served to reject any and all bids.
Co., New
of the United
Washington, D. C.
purposes
Port
Trust
ury
to the pur¬
poses of this additional levy.",
meeting of the
a
&
450,000 Ponce impt. 4Ws of Jan.
1, 1927, optional July 1, 1940,
received from taxes levied
general
Bank
York
levy: Provided,
herein
contained
nothing
moneys
for
the
„
bonds
FINANCIAL CHRONICLE
had
possession
of
the
original
bonds,
1939, for
of all toll
enues
ated
by
agency,
annual
receipts of
heretofore
til
bridges
now oper¬
the State or any State
the first $307,500 of the
or
any
tobacco tax
hereafter levied
un¬
and
including the fiscal year
1946-47, the annual proceeds of a
tax of 5 cents per gallon upon
gasoline, the annual proceeds of
all fees for inspection of volatile
substances provided for by Sec¬
tion
6821 of the
see,
one-half of the annual
Code
ceeds of motor vehicle
fees
be
now or
of Tennes¬
pro¬
registration
hereafter required to
paid to the State and the entire
annual
proceeds of franchise taxes
imposed by the Franchise Tax
being Chapter 100, Public
Tennessee, 1937, and all
Law,
Acts
of
of
the
benefit
bonds
of
are
the
entitled
proceeds
to
of
the
the
foregoing taxes, fees and revenues
and
to
share
therein
with
any
other
obligations of the State that
might be entitled to share therein
series A, dated July 1,
as provided by Chapter 165, Pub¬
the
refinancing
of
which
the
lic Acts of Tennessee, 1937.
The
bonds offered herein are to be
bonds will be awarded to the bid¬
issued. The opinion will further
der offering to take them at the
state that the interest on the bonds
lowest rate of interest at a price
is exempt from Federal income
not less than par and accrued in¬
taxes under existing
laws, and terest to date of
delivery.
The
that both principal and interest
statutes
prescribe a
maximum
are exempt from taxation by the
rate of 5%
for the Consolidated
State or any county or munici¬
bonds for county reimbursement,
pality thereof, except from in¬
and accordingly higher rates can¬
heritance,
transfer
and
estate
not be
considered.
As between
taxes.
Such opinion will be fur¬
bidders naming the same rate of
nished to the purchaser without
interest the amount of premium
charge. Bids are desired on forms
will determine the award.
The
which will be furnished by the
approving opinion of Wood, Hoff¬
Electric
23,! city.
Power
Revenue
Delivery will be made at
man,
.King
& Dawson,
of New
,
York, will be furnished. Enclose
a certified check for 2% of the
bonds
bid
for, payable to - the
State Treasurer.
1943.
to
syndicate
com¬
posed of Harriman Ripley & Co.,
Inc.; Boettcher & Co., Denver;
William N. Edwards & Co. and
B.
Louis
both of
Co.,
&
Henry
Worth, was awarded recently
of $303,000 refunding
Fort
have
less
and
to
the
States
District, Texas
Sale—A
Bond
issue
bonds, at a price of 100.10, a
interest cost of about 1.57%,
net
as
&
White,
and
Pennsylvania—have been reduced
materially.
Florida has no debt
and Iowa, Nebraska, Nevada and
Utah
report
only
small
gross
The gross
.
1.80%
debt of all States was
30, 1943 than one
Calves-
County (P. O.
ton), Texas
Galveston
interest.
lower
ending in
1943
for
definitely
determined that the county will
not refund the following issues:
it
that
the
election
4,
revenue
Sept.
to
1941,
are now
the State statute
because of
void
warrants, dated
1,
for two-years' limitation.
sors
of
these
warrants
Posses¬
should
make arrangements
with the State
Representative of their district to
have them presented to the Gen¬
eral Claims Committee for special
appropriation at the next session
State Legislature.
Out-of-
Treasurer's
the
notify
all
warrants,
cashable
general
general
fered for sale
on
file
issued and
when
be presented
Nov. 16—v.
Denomination
Other bids
were
Halsey,
B.
Int. Rate
Stuart
&
Gibbons
Inc.,
&
have
declined
$2,909,150,000
now
&
Barney
100.149
1940.
St.
of
&
Co.,
hospitals^ and educational institu¬
Coolidge
-
G.
H.
surpluses
tire State
were
debts—in
used to
the
&
Irving
Roth
many
States
such funds cannot be used for this
purpose,
do
not
this
in others State officials
want
to
way—the
use
funds
the
actual
amount
in
of
100.4395
1.90
&
Sons,
Butcher
Sherrerd.
Loeb
&
&
ger
Reusch
&
William
R.
&
Co.,
Blyth
&
&
•
-
Co.,
Inc.,
Co.,
jointly,.
100.307
701,938,924
16,127,447
105,167,119
800,602,665
193Q.._
1929.
1,156,129,993
1,211,857,702
1,056,135,083
Generally
debts
in
are
1938———
to
greatly
increased revenues and
reduced expenditures as well as
for
offered
in
sale
two
—
three
or
months/Dated April 1, 1944.
nomination
De¬
Interest pay¬
$1,000.
able A-O.
the
lack
of construction
work
complete record of the various issues sold during
a
Rate
Name
■
-
1682
Attica,
1776
Boyd County,
1482
Boston,
1778
Butler
1867
F.
W,
'■
jointly
_______
Bros.,
&
R.
Mass.
Township Rural
Dist., Ohio
Co.,
1.90
100.213
1945-1959
85,000
101.44
1.32
1944-1957
rl5,000
100.31
3.20
1945-1958
re-
1684
Denver
reported that $55,000,000 Treasury
1778
Deuel County Indep.
De
and
Charles
Clark
jointly
Phelps,
Stone
12,
Nov. 11
on
of
yield
1943.
Due on
at
&
Webster
1.90
Co.,
100.1899
.
,
'
and
Inc.,
Paine,
Jackson
&
and
11,
Feb.
Witt
No.
V-
■
the
to
Notice—Pur¬
8313, of the Board of Public
Utility
Commissioners ' of.
the
of
face
value
and
in¬
accrued
Glenmora, La.
1866
1866
Ibsen
1484
Johnstown S.
1482
Knox
Twp.,
United
is
be
to
where such redemp¬
carried
out
In
are:
Canada, at the principal office of
the Imperial Bank of Canada, in
1778
Lansford,
1582
Laurel,
Lessburg,
1780
Leesburg,
Va.
1481
1778
Raleigh,
N.
1778
.Miss.
Sapulpa,
2
100.84
cago,
York
of
3.37
1944-1971
r696,000
103.67
3.73
1-73,000
101.01
r300,000
97.50
no,000
—.;
1-50,000
_2
3V2-4Vi
lVa
1
Mich.—<_
4
various
1944-1959
_2
1.36
T.34
Pa
1945-1955
71,000
1955-1959
r4,790,000
Toot 7
1944-1955
25,000
100.12
1.28
1944-1953
10.000
100.82
1.09
1944-1963
1,000,000
100.37
1.06
1947-1950
88,000
100.14
0.73
1944-1953
40,000
T.38
1946-1950
5,000
100
0,50
1963-1964
rlOO.OOO
100.04
1.60
1964-1950
25,000
100.04
1.60
1944-1953
20,000
100
1.50
14,000
—IV2
City Park Water District,
2Va
41,000
1947-1967
__^__various
Mich.
Indep.
No. 3,
St.
100.003
—1.40
Ore.
1482
r3,200,000
_1.30
—_1V»
1.10
0.75
3lA
.'
__0.50
I'/z ;
—
C.
S. D.
r250,000
.
98.50
100.15'
3.32
Sch. Dist.
Cons.
1946-1953
2
—
r20,000
100.62
1.84
100.406
1.94
98.50
3.27
Louis
County Indep. Sch.
Dist. No. 13, Minn
—2
1.945-1958
Okla.
—
Drainage District,
—3-3Vt
86,000
2.49
r607,800
Island
1947-1961
at
1484
Steubenville, Ohio _——_——1V4
1945-1954
100.76
1.13
Chi¬
1484
Toledo, Ohio
V2
1945-1962
rlOO.OOO
100.28
1.46
1944-1956
rl59,000
100.02
1.93
"1oo.2o
1~48
or
in the City of Chicago.
Ore,
—
Township, Mich
1582
Warren
1583
Wayne School District, Neb.
1681
Long-term
105.10
75,000
106,800
Municipal Bond Sales In October
West Orange,
1483
bond
Total
N. J.__
including
for
sales
palities covering
k Not
■
.various
2
October
r85,000
1954-1963
300,000
1945-1980
(56
temporary
CANADIAN
MUNICIPAL
Rate
L684
Name
Mimico, Out.
1588
Owen Sound, Ont
1684
Riviere
1484
St. Colombe de Sillery,
1684
Thorold,
du
Loop,
Ont.
Que
Que
-various
231
3 Va
3Va
3%
Canadian municipal bonds sold
1.89
k$16,589,990
loans
or
FINANCING
Maturity
obtained by States
r Refunding bonds.
funds
municipalities from agencies of the Federal Government,
Page
100
munici¬
60 separate issues)__„
$35,600,000
r38,000
—
IV2
.various
Wilmington, N. C
financing
month amounted to only
31,000
—
Sauvie
Bank
1.19
1958-1965
Raleigh, N. C._i_,
—
___3Vt.
'Riverside Consolidated Sch. Dist.,
1483
1778
of New
100.37
3%
Okla.
1778
National
r200,000
___
Tp.,
1,680
5,000
1945-1954
La.
Porum,
Radnor
1944-1948
1945-1954
Heights, Pa
Ponchatoula,
Bank
City
1.24
_
1868
United
First
1.24
100.04
Polk County, Iowa__—
1679
Rutland
the
1.37
100.06
17,710
1585" Pittsburgh, Pa.
1683
in
100.23
10.000
1944-1953
Orange,' N. J
.Patterson
Roseville,
Co.,
1-200,000
1945-1954
D._
N,
T ownship,
Rose
Manhattan
930,000
1945-1959
Angeles, Calif.
1682
the
100.03
—_
Fla.
1582
of
15,000
38,000
1944-1968
Miss.
Edmonton, Winnepeg, To¬
ronto, Montreal, or at the prin¬
cipal office of the Bank of Mont¬
real in the City of St. John, or in
America, at
1.23
1944-1946
___.—__!%
D., Pa
1775
of the cities of Victoria, Van¬
States of
3.39
100.18
Ky—
Co.,
1778
States.
1-28,000
r69,000
108.69
1951-1952
—1.40
—
Mediaopolis, Iowa
Nashville, Tenn.
the
1961-1964
Dak.,.——
N.
1866
and
L07
4
-.—various
Hopkins, Minn.
1867
231
Canada
100.19
1944-1948
Hopkins, Minn.
145, 192 to 196, 198 to 209,
Nos.
r50,000
—IV4
IV4
to
in
1949-1952
——■
Hillsboro, Ohio
1585
1.49
1»V
—1.10
;__a
N. J
Hackensack,
1584
Livonia
payable in Canada
192 to 220 are pay¬
2.50
100.55
6,000
18,000
„
1777
1681
100
1944-1951
1944-1964
2Va
Gogebic County, Mich
Gulfport, Miss.
1779
years
Dist.
Gary, Ind.
Los
are
1.62
40,000
100.37
15
28,000
1775
to 234
102.21
l'A
N. J.:
Fernandina, Fla.
to
De¬
1.62
500,000
,
Ill
Tp.,
Englewood,
terest, debentures, series X, Nos.
and 234.
2.21
102.21
1944-1983
,
Dora
1776
and 233
100.50
rl50,00Q
-2Va
School
1776
1582
9,000
r35,GOO
1944-1963
Y
N.
1581
provisions of Order
4.00
1944-1960
5
1680
,1'T.
100
Cons. School
1679
;•
0.95
1945-1949
"__4
1, 8.
Common
9,
1.50
100.22
__1%
_____l3/4
1482
the
Thomas
jointly
District No.
an
Dated
0.411%.
100
30,000
;___various
C
City, Texas
the
&
______
Fenn
&
sold
were
is
*
1.88
100
50,000
1945-1950
'..1
125,000
1945-1977
l*/a
Ohio
N.
the
Keen, Close & Kerner,
Co..
Charleston, W. Va
Cranston, R.
Sold—It
1.49
1 'a
.....
1484
Bills
2.60
100.21
Byersville, Ohio
__3l/4
Parish, S. D. 21, La.
Cranston, R. I—
couver,
dredge & Co., Rambo,
1,550,000
Calcasieu
Conover,
any
El-
1944-1983
Basis
103
School
Clark County, Ohio_.___,
■
S.
25,000
Price
$3,000
1944-1958
__i.__-._-,;
Columbus,
tion
Corp., and
Craigie & Co.,,.
1945-1950
3
various
Ky.
1484
(Dominion of)
Amount
Maturity
lVa
Ohio
1778
Canada
118,736,328
____
October,
various
'
155,536,473
—
392.580,167
955,500.882
1866
by States and municipalities during the
$16,589,990, of which more than $11,000,000
consisted of refunding issues.
While municipal borrowing has been
resulting in a minimum issuance held to minimum levels under the
impact of war conditions, last
and
a
greater
redemption
of month's
output was singularly negligible and, as a matter of record,
bonds.
represented the smallest total for any month since April, 1933, when
Rates of decrease were approxi¬
the figure was only $10,899,995.
Our figures for October as well
mately $70,000,000 from 1940 to as for previous months, incidentally, are exclusive of the bonds ex¬
1941; $250,000,000 from 1941 to changed under the Philadelphia, Pa., refunding plan.
Under the
1942, and $300,000,000 from 1942 program, which terminated on Oct. 30, approximately $100,000,000
to
769,778,618
83,194,067
Following is
The
District Clerk reports that $35,000
2% school building bonds will be
Pending
Offering
indi¬
due
28,097.090
1936
Tomah School District, Wis.
Bond
The places
Securities
'
A. Bain & Co.,
decreases
State
1942—
1937——
Goldman.
Sachs & Co., Equitable
Ten Months
$973,869,107
725,660,514
43,763,719
able
1.90
$71,816,034
55,917,492
only.
and
Compton
October
1935______~____
1931—„
221
Fox,
For the
Month of
Ten Months
$380,990,787.
955,690,419
bentures numbered 135 to 145 and
Newbur¬
Hano,
Curtis,
vidual
For the
October
$16,589,990
215
100.353
Newburger,
Co.,
Blodget,
Webber,
$1,000,000,000.
Month of
1943———:
135
1.90
Otis & Co., E. H. Rollins
as
of
comparative purposes we add the following table, showing
disposals of long-term obligations by States and munici¬
palities in the United States for October and the 10 months for a
52,480,059
their
Co.,
100 for
with 77 and
contrasts
For
1939-——1-_—
Alberta, dated Nov,
24, 1937, the Sinking Fund Trus¬
tees of the above city are calling
for payment on Feb, 1, 1944, at
&
This
I'—'
—
42,748,755
No.
.
gross
debts would be much less,
surpluses alone are in excess
60, respectively.
.-
—'
Bond Redemption
Weil,
jointly
Dickson
re¬
and
1932—
suant
&
Walker
and
Lehman
If all
56
were
September.
1933———^—
Edmonton, Alberta
'
tions.
^
The number of municipalities in the United States emitting longterm bonds and the number of separate issues made during October,
1934—
or
100.4399
W.
R.
1,500,000
'Including temporary securities issued by New York City; None in October of 1943,
1942, 1941, 1940 and 1939.
1580
Nat'l
.
953.668,243
Co.,
the
None
757,961.346 392,338,880 497,952,742 403,905,746 320,354,600
821,540,468
bonded
ALBERTA
Commerce,
&
Donald
Governments, is exclusive
of surpluses which are being ear¬
marked either for special post¬
war projects or programs for the
their families, highway construc¬
tion and capital improvements of
None
—
______
488,294,996
1944.
1.90 7
Co.; and
Co.,
is
and
and Territories—.
Total
64,652,526
Norfolk,
of
Freres
Co.,
This
servicemen
None
33,926,815 212 ,027,181
38,075.880
Nov.
Nat'l
B.
J.
Van
Ingen &
Co., Braun, Bos worth
decrease, according to the Council
of
None
None
None
None
15,991,406
177,142,181
average
__
Lazard
of State
rehabilitation
wrote
Fox
Investment
the
Corp.
jointly
State
compared
as
None
318,000
—
Bills
Charlottesville,
and
increasingly
with $3,526,407,000 in
None
771,356
Possessions
S.
U.
1583
1.80'.1
Norfolk, jointly____.i
total
S..
U.
Canada—
of
Bor.ds
1940.——-,—._
Treasury
Co..
Peoples
Bank,
Shields
the
(perm.)—
in
in
1778
!
;
.
52 ,480,059
24 ,347,360
30 ,000,000
1941—
the First of
and
Louis;
&
three years;
L.
Fred
"indebtedness,
Co.,
Bank & Trust Co.,
Large Decrease in Gross Debts
last
loans
Placed
Placed
opinion
Price
Pressprich & Co., Mc¬
debts
reserva¬
bond issue election is void
a
Province
the
a
Co.,
Michigan Corp., jointly
office.
Reported—Gross
Can.
1484
Blair & Co.. Inc., Geo.
Bank
States
with
dissenting
follows;
as
Bidder—
UNITED STATES
by
a
WISCONSIN
Due
$1,000.
38,075,880
64,652,526 177,142,181
'Temp. loans (U. S.)__—35,600,000
78,945,000
92,308,810 117,836,750
Temp, loans (Canada).—— 705,000,000 275,000,000 325,000,000
75,000,000
1584
pay¬
United States
Permanent loans
$100,000 from Dec. 1, 1953 to 1962.
ment.
Treasurer's
County
158,
Chicago, and Scott, Horner &
Mason
of
Lynchburg, as 1.80s,
paying a price of 100.169, a basis
of about 1.788%.- Dated Dec. 1,
are
Prompt presentation for
payment of these warrants will be
greatly appreciated by the State
county
the
otherwise."
of
1943.
:
1939
1940
1941
the
1988—were awarded to a syn¬
dicate composed of Estabrook &
Co., the Lee Higginson Corp., both
of New York; Paul H. Davis & Co.
should
immediately for
16,589,990
\
/
-
1942
where the order fails to set forth
p.
revenue
warrants
1943
series of years.
dissented
to
that
$1,000,000 cou¬
registered
semi-annual
improvement bonds of¬
or
Smith,
State
time
an
was
in
$178,083
the
~
later, Judge
Norfolk, Va,
pon
comparison of all the various forms of loans
a
the aggregate
tion
Bond Sale—The
State
office.
than
following is
Supreme Court's majority
opinion, from which Judge W,. T.
Mercantile-Commerce
Other
The
Lovins
State holders of such warrants are
to
of
at
there
In the
increase for school teachers.
of the
requested
contended
Court entered its order calling the
election.
approved an issue of $22,000 bonds
notes to provide a 10% wage
he is calling
General
their petition to invalidate
issue, Herbert L. Sessler and
funds
at
or
Jesse James,
prior
June
on
overdraft
Lynch,
Warrant Call—It is reported by
606.85.
fifth
State
The
—
the ground that voters were
not
fully
informed
about
the
county's existing indebtedness.
VIRGINIA
State Treasurer, that
for payment at face
value general revenue warrants
to and including 390,396
(19421943), which includes all warrants
issued prior to and including Feb.
27, 1943. This call is for $2,298,-
municipal financing continues on a minute scale, the
being only $771,356.- The Dominion government's
victory loan, which opened in the latter part of the month, came
to a close on Nov. 6 with subscriptions greatly exceeding the nominal
goal of $1,200,000,000.
The final total exceeded $1,400,000,000, making
the drive the greatest money-borrowing campaign in Canadian his¬
tory.
The previous record was $1,309,317,300. when books were
finally closed in last spring's fourth victory loan for $1,100,000,000.
Canadian
total for October
put out in October of the last five years:
authorized by the voters on
Nov. 9 the voters
on
ma¬
Va.
Invalidated
others
that
1962
to
amounted
$35,600,000, the bulk of which represented note awards by local hous¬
ing authorities.
As we have previously pointed out, war-induced
restrictions on capital improvements has eliminated much of the tem¬
porary borrowing that would normally result in anticipation of per¬
manent financing.
$
In
reports
Treasurer,
and
Supreme Court on Nov. 9 reversed
the approval given by Ira J. Part
low, Acting State Attorney Gen¬
eral, to the $150,000 airport bonds
the
Bonds Voted—Edward F.
City
of)
Texas (State
Bond
Vt.
Burlington,
an
$100,000 Causeway Bridge refund¬
ing, series 1935, bonds.
162,000 Causeway Bridge refund¬
ing, series 1937, bonds.
W.
VERMONT
been
has
now
1961
the
WEST' VIRGINIA
in 1932.
reports
Auditor,
County
•decki,
reoffered
000,000 bonds were exchanged under the two plans;
Short-term municipal financing during
October
Raleigh County (P. O. Beckley),
in 1943 than
for the year
smaller than
are
100.399
turities.
gross debt was larger
in 1932, interest rates
Refunding Planned—I. Pre-
No
Though
&
bidders
successful
prior—the sharpest decline
the last decade, th^
tain
&. Co.,
White
general sub
scription, scaled to yield from
1.45% for the 1953 maturity to
$130,000 13/4S, to mature on Feb. Council said.
Short-term debts
1:
$5,000 from 1945 to 1950 were reduced from
$158,000,000 to
inclusive, and $100,000 in 1951.
$17,000,000, or $141,000,000, in the
173,000 IV2S, to mature on Feb. 1:
last year. Many States have taken
$80,000 in 1952; $45,000 in
advantage of a favorable bond
1953, and $48,000 in 1954.
market during recent years to ob¬
All of the bonds are dated Dec.
D.
the above bonds for
of any year in
1, 1943.
Interest F-A.
Legality
approved by Chapman & Cutler
of Chicago.
100.685
«
A. C. Allyn
Weld
R.
The
June
less
:
Bonds Offered for Investment
amounts, the Council said.
9%
voluntary refunding operations conducted by the city.
2
Corp.,
Co., jointly.2
Carolina
of the syndicate which conducted both the 1941 and
managers
Co.,
Co., Coffin & Burr,
and
Illinois, Louisiana, Massachusetts;
joint
1942
Over $183,-
ing to Drexel & Co., Philadelphia, and Lehman Bros., New York,
.....
Securities
New York;
of the
North
&
exchanged for new refunding bonds of 1942, accord¬
bonds had been
Co..
'
jointly
Union
$100,000,000,
other eight
Arkansas,
California,
York,
&
Moseley &
S.
Smith
nett.
their indebt¬
cut
Ripley
F.
Co., and Crouse, Ben¬
than
debts
—
New
year
follows:
riman
Inc.,
$100,000,000 in
1940.
Of these
States, New Jersey, Missouri and
edness
Independent School
Worth
Fort
i First Boston Corp., Har¬
Comparing figures for 44
States, li had gross debts of over
Minnesota
TEXAS
an
Monday, November 22, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
-2100
IN
and
OCTOBER
Amount
1944-1963
115,356
Price
Basis
$180,000
1944-1952
155,000
37,000
1955-1969
in October.
284,000
$771,356
101.68
2.41
99.15
100
3.50
@FedFRASER