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BUS, U1«A*V NOV 2 3 1942 MONDAY Volume 156 Number 4127 New Yjork, N. Y.,, Monday, November 23, 1942 * ' - Price 60 Cents a Copy BOND PROPOSALS AND NEGOTIATIONS COLORADO Bond Sale Details—The refunding Corporation News bonds jthese colurhns on were City News exchanged Land • State and OFFICIAL Board $29,000 mentioned July 6, with as 4s, 1942, dated page the at Town of State par, are Town of Southold, maturing 1961-1970 County of redeemable in inverse numeri¬ •Suffolk and.State of New York, will cal York Stock York Curb order, as follows: $500 each May 1" from 1942 tor 1901 incl. Exchange New Exchange !the Council Votes to Retire Bonds— As-an fore move; the Com¬ Council voted Nov. 2 to retire bonds offered Nov, sewer 16 Phoenix, Ariz. 156, p. 1561—were awarded Watkins, Morrow & Co. of Bir¬ mingham, as 2%s', at a price of 99.02, a basis of about 2.836%. All rr-v. of the bonds dated are Nov. high bid . of 99.01 for 2%s was Pinal To ARIZONA plans 3V2% Large. Debt Refunding— meeting of the Arizona State Loan Commission Board of on Nov, 5, the County Supervisors were advised to prepare the necessary forms in connection with the con¬ templated refunding mately $4,900,000 bonds and have dhem ready for the next meeting of the State Loan Under a recent ruling of the any time, the county is hopeful of refunding this indebtedness at a substantial saving in interest cost. However, it was recently noted by J. A. Gust, Phoenix bond attor¬ ney, no holder of the bonds it is proposed to refund was a party to a suit which resulted in a recent Supreme Court ruling and, while the: highest State; Court has' ren¬ ' still the a finalr decision-, there is possibility that litigation in Federal tuted. : a . courts be - *\ \ - It is will also insti¬ . • indicated in Phoenix pewspaper-reports that legislation may be proposed during the next - ARKANSAS' : ' par school incl. bonds Nos„ 11-RB to 35-RB.; The bonds with 1943, and subsequent will be Jan.j, redeemed at 105.157 was & Co:, and Putnam & Co., in joint account:, atr coupons the ; Commercial National Rock. Stamford, Conn. Bank', Little -V ; . ^ V - Note Sale— John Commissioner that Nov. CALIFORNIA Glenn Colusa Irrigation ' - Oistrict (P. Oi Willows), Calif. Bond Sale - Details—The the 12 man ; of notes Co., to offered Harri- Inc.,-New York, $425,- at 0.61% discount. Dated Nov,* 12, 1942, and due.Oct. 15, 000<3V4 % irrigation district bonds 11943. /.Issued iiri anticipation of recently purchased by an account taxes due Sept: V 1943.. Second composed of Blyth. & - Co., Dean ihigh bidder was Tyler & Co.,'Bos¬ Witter & Co. and Stone & Young- ton, naming .a rate of 0.619%. berg, all'of San Francisco, as re¬ FLORIDA ported in-*v/156, p: 1561 were sold at a price of 97.55, a-basis of aboiif Hialeah, Fla. ~~~ 3.46%. vDenom. $1,000:«Due July Offerings Wanted—P. E. Hack¬ 1, as follows:- $10,000 in-1943. and ney, ■ City Treasurer, will receive 1944, $11,000 in 1945 and'1946, sealed offerings until 7:30 p.m. on $12,000 in 1947 and 1948, $13,000 Dec. 1 of; refunding bonds, dated in 1949 to 1951, $14,000 in 1952, Jan. 15, 1938.. Amount to.be pur¬ $15,000 in 1953 and, 1954, $16,000 chased will be determined- by the in 1955 and 1956, $17,000 in .1957 Treasurer. / • and 1958, $18,000 in 1959 ,and 1960, Hillsborough County (P. O. $19,000 in 1961,. $20,000 in 1962, ; Tampa), pla. $21,000 in 1963 :and 1964, $22,000 Proposed Refunding — The in 1965, $23,000 in 1966 and $24,- Board of Commissioners intends , INDEX Quotations:' " . Page . -New York Stock ,,..1850 Unlisted ' Exchange. New York Curb Exchange. Other Stock Exchanges. .'. ... Securities. ..,.1829 ..v. 1845 ..1855 §tate and City Department : , : . Bond Proposals .and Negotiations. 1817 Gen. Corporation and. Invest. News. 1856 Dividends Declared and Payable 1820 Redemption Calls and Sinking Fund * TtfnHpPci 1R9H The Course of Bank Clearings. .1828 Foreign Exchange Rates... s...... ,..1824 Capital Flotations Month of October and Comparative Periods.. -1824 .. terest June , 000 in 1967 and 1968. ... • to refund . . $330,000 3% and 1st and December States money America of April, 1942* at which - meeting a proposition therefor was duly Laws of 1941. • in pressed quarter i Serves the of in¬ 1. 1st or are to Assessed bear, - (The interest the awarded' to the lowest bonds bidder or sus, incorporated bank or trust com¬ payable to the order of Town of Southold, for $600, being two per centum (2%) of the pany, amount of the bonds.No interest will be or bidders upon such check Checks of unsuccessful allowed, draft; bonded debt; debt of any other district or subdivision taxes upon any property .subject to the of Southold.) 1940 Federal Cen¬ 12,046. 4. That the preceding levies have of sum of amount four not the last annual tax exceeded the' $753,858.12 per and that all such taxes annum as were ; levied for each of the preced¬ ing four taxes tax: were, years all such collected at the end of each fiscal year and-that no taxes remain uncollected as of be bank draft upon ah the ; 35,600 , of the power of the Town 3. Population 1941. the highest fied check of taxing offering premium. r ""No.'bid will be : accepted for separate'maturities or at less than ithe par value of the bonds, or unless accompanied by a certi¬ statement not include all or rate shall debt, district, special having power to levy awarded to the same -$22,320,332 bonded above does offering the lowest rate of the" ' -in¬ including this issue " interest without reference to pre¬ mium. Where two or more bid¬ offer property,- Total ex¬ multiples.- of pneone-tenth of one per STATEMENT valuations, chises 2. * of as cluding special fran¬ at the but not exceeding three per centum (3%) per annum and must state the price offered. Unless all bids are rejected, all bidder re- right to reject any and in their judgment may proper,. real of the centum, ders * The said Town of Southold single rate of interest .which all bonds or; been Submitted pursuant to Chapter 61" Laws of ,1924 and Chapter 924 Bidders must state in their bids the has of Southold—Mattituck Park Dis¬ Greenport, Greenport, New York, or, at the option of the holder, in New York Exchange: ■> * * <■ • a issue trict. at a special meeting duly called and held on the 7th day of First National Bank of of rate New semi-annual in lawful of said Town County, bond FINANCIAL Principal the bonds will be Connolly, awarded Ripley. & r Finance,* reports $750,000 were F. the thereon year the York*. •- Principal and Second" high- bid of made by Estabrook said all bids in the payment of interest duly authorized and directed by the qualified voters of said Town Decem¬ every of The . seem and Southold, -Suffolk of Boardvof district tached 1963 ^11 the to all upon within property and have" amount, District United to until on valid will taxes district, for bonds park purposes within - the boundaries of said Mattituck Park payable 1944 and be obligated without', limitation payable for Britain, Conn. Sale—The issue payable each be ad valorem the; of the payee; purpose, to provide funds for the original cost of lands save Secre¬ interest (F-A) payable at the Education, First National Bank of Boston, or payment on Jan. 1,: 1943, at the New Britain National Bank. and accrued interest; Purchaser to furnish legal opinion. the calls for at New in will District will taxable said regis¬ Halsey, Stuart & Co., Inc., New York, at a price *of 105.78,,a basis of about 1.414%. Dated-Aug. 1,-1942.; Denom. $1,000. Due $10,000 on Aug. 1 from Johnson County, Ark. Bond Call—G: P. Harris, of * Bond exceeding three form, registerable as to both principal and interest in the name awarded to ■' \ ; t '' levy tered $200,000 2% water bonds (13th series, 7th issue); offered Nov. 19 was 1944 Lamar School District No. 39, . tary Arizona Supreme Court, declaring the outstanding bonds callable at dered to 1953 incl. - July 1 from on - due and 1st thereafter, considerable in interest charges by the move and it will also hasten the payment of the city debt. ,- v not Park and the bonds shall have been fully paid. Said bonds shall not be sold be¬ low par, said bonds to be in , city will tituck 1st day of December, 4943 two of said bonds shall be¬ ber come from the past fiscal year's surplus, Mr. Bacon declared. He and 3% . be safely withdrawn. told the Council the rate a bonds power to one said old—Mattituck Park District, and the said Town of Southold—Mat¬ 1st, 1942, said denominations of the on two-notes held by city banks will of and mature Commission, date for which has not yet been set. '• $150,000 can in ture and become due and Funds for the retirement of the district The — at come • , . , District, "resulting from, legally binding general obli¬ gations of the said Town of South-, per centum.(3%) per annum. The first two of said bonds shall ma¬ and $24,000 refunding of approxi¬ outstanding highway issue to ceeds Ariz. a Bonds est disposal surplus fund now amounts to $30,000, pointing*; out that the bonds, the pro7 which, together with $271,564 in available -cash, will be used in the redemption of bonds maturing July 1, 1943., The new bonds would be dated Jan. 1, 1942, Maricopa County (P. O. Phoenix), Plans pro¬ -'The thirty, inclusive,-and to bear inter¬ both the police, station note and. $7,on the Laurel Brook pipe . be consecutively from Mr. Bacon said that the sewage 2 Issue was recom¬ by the Finance Commit¬ banks.. Park loss any and $1,000 each, and to be numbered cal City County Electrical District (P. O. Florence), Ariz. No. ham. At . $339,000 of bonds maturing in 1943. The pew bonds will be placed, on the: market in January and July. V by Marx & Co./of Birming¬ retire- 500 gram to refund 1, that the line, both notes, being held by lo¬ Refunding The Commission has adopted a 1942 and mature serially on Nov. 1 from 1943 to 1958 incl. Second made on * Plans to (Eastern December tee and he urged that the Council retire $24,000 in sewage disposal bonds, due in 1951 and 1952; $7,500 ing the present law with respect to debt refunding operations.; noon value Southold Town —Mattituck Park District bonds to the. Council Mattituck — against par dated mended and o'clock bonds ment of the.two issues Legislature chang¬ to secure the said Town of South- old Time),- for the purchase of $30,000 owed by the city. Councilman C. Marsden' Bacon told session of the at of said South Street, 16 notes ■ proposals WENTWORTH Supervisor; / (See Index Below) . S. No. 12 War economy $39,000 in outstanding-bonds and Miscellaneous $32,000 school sealed of The check of the successful bid¬ der will be retained to be applied in part payment for the bonds or Greenport, New York, on the first the failure of the bidder to com¬ day of December, 1942, on or be¬ ply with 4he'terms of his bid. ikf id diet own, Conn. mon Pritchard, Ala., office fTown' at CONNECTICUT Unlisted Securities Sale—The receive HORTON, Out-of-Town Listed Markets Bond Southold, New York Mattituck Park District Bond Issue incl. ' Bonds are New . NOTICE $30,000 in 33, May 1, and mature $1,000 on Nov. 1 from 1942 to 1970 QUOTATIONS ALABAMA OFFERING Pierce, Colo. In This Issue - • , A "detailed report of the ; tial facts tion of the Mattituck essen¬ to the financial situa-N as Town Park submitted to of Southold— District will be interested • bid¬ any der. . \ : .. Dated: November 16th, 1942. - S; WENTWORTH HORTON .; Supervisor of theTown of Southold ATTEST;— / " RUSSELL L. DAVISON Town Clerk will be Returned prorhptly. . road and bridge refunding bonds, subject to visions of the gas tax amendment, decision of the State Board of Ad¬ approved by voters of the State on, ministration r»or> Ho that- the" rotirorl proposed Tnndpr nrn- Nov. 3. mature in The new seven bonds years, would • / THE COMMERCIAL & FINANCIAL CHRONICLE 1818 Monday; November 23, 1942 the city of 2.134%, and speci¬ of general obligation bonds of and Julius A. Rippel, Inc.,•* sub-, INDIANA fied a price of par for the bonds Missouri counties, cities, .'towns mitted the second high bid, of¬ to bear the following interest Linton School City, Ind. and school districts, voted under : fering 100.34. for $349,000 3.20s. rates: $1,176,000 3V4S, due on Nov. Bond Sale — An issue of $35,Section 12 of Article X of the 1 from 1944 to 1947 incl.; $315,000 628.14 i,, I, judgment funding bonds Jersey City, N. \J. •:/ ' Missouri Constitution, and that was sold Nov. 16 to "Non-Political" Credit' Survey Doyle, l%s, due in 1948, ahd $2,767,000 taxes required'for said purpose 2s, maturing. from 1949 to 1956 O'Connor & Co., Chicago, and the remain unlimited as to rate or Cites 23% Debt Reduction — A incl. Other bids and the respective City Securities Corp., Indian¬ non-political survey of the city's net cost basis were as follows: amount, as heretofore?' finances made apolis, jointly, the only bidder, by the firm of John Nuveen & Co. and Harris, as 3s. Wainwright, Ramsey & Lancaster, MONTANA Hall & Co., syndicate, 2.1475%; New York, financial consultants Richland Township School Town¬ Smith, Barney & Co. and HarriHavre, Mont. " ■ . /. to Jersey City and other munici¬ ship (P. O. West Newton), Ind. man Maturity—The $23,0001%%- re¬ Ripley & Co., Inc., group, palities, ' shows that by Dec. 31, Bond Sale-—The $9,000 building 2.259%; Halsey, Stuart & Co., Inc., funding bonds awarded Nov. 4 1942, Jersey City will have re¬ bonds offered Nov. 9—v. 156, p. and Braun, Bosworth & Co., com¬ to the First National Bank & duced its total debt by $16,175,000 1458—were awarded to the Foun¬ bine, 2.268%; Shields & Co. and Trust Co. of Minneapolis, at par, or 23% since 1936. tain Trust Co. of Covington, as Hornblower & Weeks, and asso¬ as reported in v. 156, p. 1730, ma¬ "Any confusion in the minds of iy4s, at a price of 100.055, a basis ciates, 2.27%;; Blyth & Co. and ture Nov. 1, as follows: $2,500 investors in Jersey City bonds re¬ of about 1.239%. Dated Oct. 1, First Boston Corp., syndicate, from 1943 to 1951 incl. and $500 in sulting from the railroad tax fight 1942 and due semi-annually from 2.389%. 1952. between Governor Edison and to > July 1, 1944 to Jan. 1, 1953 incl. Other bids, for l%s: Kenneth S. Johnson of Fletcher Trust Indianapolis, Co., 100.77; Indianapolis, 100.52. 1650—were $150,000 airport 16—v. 156, p. awarded National to the of Bank Mer¬ Cedar 1V2S, at a price of basis of about 1.32%. Dec. 1, 1942 and due on Rapids, 101.733, the city to divided is of 2.046%. as The follows: 3X/4S, Re-offered incl. 1956 basis of from 0.75% to on a cording to rate and maturity. addition Second and Curtis, Higginson Lee Corp., jointly. Mason City 30 for the receive will Clerk, sealed bids until 10 a.m. on Nov. purchase of $50,000 air¬ Dated Dec. 1, 1942. follows: $2,000 in 1943 to 1952, and $3,000 in 1953 to 1962. Bidders should specify the coupon rate and all other con¬ ditions being equal, preference will be given to the bid of par port bonds. Due Dec. 1, John Nuveen & In Co. Harris, Hall & Co., the group also included, among others, the following: E. H. Rollins & Sons, Stranahan, Harris & Co., Milwau¬ Co. of Milwaukee, and Paul H. Davis & Co., Chicago. kee as 3 refused following Montana to bond authorize issues: on the $690,000 State College construc¬ tion and $350,000 Northern Mon¬ tana College bonds. St. Louis Park, Minn. Bond Offering—Joseph Justad, NEBRASKA Alliance, Neb. Bonds Voted—An issue of $75,000 refunding bonds was approved the by bonds the voters on Nov. have already National Co. The 3. been sold to of Omaha, and Greenway & Co., Omaha, as l%s, 100.168, as reported in v. 156, p. 1563. at $72,000 refunding electric light and power plant revenue bonds was sold to First the National of Bank Wahoo, Remick H. Denom.: Laighton, City Auditor, will re¬ $1,000. Due $3,000 on terest J-D. Legal financial the as 21As. NEW HAMPSHIRE Offering — ceive sealed bids.until on basis six years "The net a of the city pay-as-you-go ago," said the firm. amount that the city the 11 owe water partment "The made operations and on opinion bondholder should be that the general and sinking funds combined have surplus assets of approxi¬ mately $1,685,000 over actuarial requirements. The investments of aware funds, consisting of cash and city's own bonds, are sched¬ uled to mature on dates which in¬ sure the punctual payment of out¬ standing term bonds. "In the six years' period re¬ viewed, the city has not only operated its general budget funds and water department on a strict pay-as-you-go basis but has met all relief • commitments through — /,:* 1930. — At an — The voters of the Cities of Biloxi, Gulfport and Pass Christian will be asked on Dec. 8 Donaldsonville, La. Bond Election . Three Cities To Vote On Utility Bond Issues LOUISIANA on . Mississippi (State of) to authorize bond issues election Dec. 15 the voters will consider proposed by the respective units providing for the' joint acquisition of the 3V2% 76, new in $76,000, the term bonds, Nos. 1 to aggregate amount of called for payment on Dec. 1, 1942, at par and accrued interest, at the Asbury Park and are Ocean Grove or Bank, Asbury Park, at option of the holder, at the Central Hanover Bank & Trust "The what city has be can demonstrated done by sound fi¬ nancial management and strict ad¬ herence the to equipped principle of payis certainly well any unusual that may arise in It as-you-go. to meet contingencies the future. With a continuation Co., New York City. Each bond of the type of sound financial municipal air¬ local facilities of the Southwest¬ surrendered must, unless it has management that now prevails, it port bonds. ern Gas & Electric Co. The issues been converted into a bond regis¬ seems hardly likely that any tem¬ are as follows: Biloxi $487,000, tered as to both MASSACHUSETTS principal and in¬ porary political disturbances will Gulfport $600,000, Pass Christian terest, be accompanied by all cou¬ have any lasting effect on the Salem, Mass. $72,000, all consisting of revenue pons for interest accruing after fundamental Note Sale—The $400,000 notes soundness of the obligations. Dec. 1, 1942. Coupons for interest offered Nov. 12 were awarded to city's credit." due on Dec. 1, 1942, may be at¬ MISSOURI the Second National Bank of Bos¬ Livingston Township, N. J. tached to the bond for payment Missouri (State of) ton and the Boston Safe Deposit No Tenders Submitted—Charles Tax Limit Amendment Held or, if detached from the bond by & Trust Co., both of Boston, the holders thereof, may be pre¬ G. Zahn, Township Clerk, reports jointly, at 0.487% discount. Dated Not Applicable to Debt Service— sented for payment in the usual that no tenders were received in Nov. 13, 1942. Due $200,000 on A constitutional amendment ap¬ connection with the township's of¬ Sept. 1 and $200,000 on Oct. 1, proved by the voters at the Nov. 3 course., No interest shall accrue fer to purchase outstanding bonds general election provides for "the or be payable on any of said 1943. The First Boston Corp., sec¬ in an amount sufficient to ex¬ bonds after date called.; ond high bidder, named a rate of limitation of rates which may be haust a fund of $81,000 available levied by counties, cities, towns 0.49%, plus a premium of $3.75. Bergenfield, N. J. for that purpose/. None of the and school districts in the State." Refunding Approved — The bonds are MICHIGAN callable.—v. 156, p. 1730. The amendment repeals Section State Funding Commission on 11 of Article X of the Missouri Detroit, Mich. Nov. 17 approved the plan to re¬ Northvale, N. J. Original Bids Rejected — New Constitution and enacts a new fund $648,000 of outstanding bonds Refunding Approved—The State Offers Asked—The city rejected section in its place, the gist of on a 3V4% basis. Funding Commission on Nov. 17 the bids submitted Nov. 17 for the which is as already stated above. approved the plan to refund $42,issue of $4,258,000 not to exceed Due to the confusion in the minds Camden, N.J. Bond Sale—The $350,000 series 000 of outstanding bonds. 3^4%: interest sewage disposal of municipal dealers and invest¬ system revenue refunding bonds ors as to whether the limitation C refunding bonds offered Nov. 12 Union City, N. J. —v. 156, p. 1563—and announced on local taxes would apply in the —v. 156, p. 1460—were awarded Bond Sale—The $18,000 Union that new proposals would be con¬ case of the outstanding or future to a group composed of Shields School refunding .bonds offered sidered at 11 a.m. (EWT) on Nov. bond issues of the State's political Co., H. B. Boland & Co., both of Nov. 19—v. 156, p.: 1730—were 20. Highest of - the rejected bids subdivisions, the Mississippi Val¬ New York, and J. S. Rippel & Co., awarded to H. B. Boland & Co., was made by a syndicate com¬ ley Group of the Investment of Newark, their bid being for New York, only bidder, as 2.70s, posed of Lehman Bros., Phelps, Bankers Association of America $348,000 bonds, as 3.20s, at a price at 100.17, a basis of about 2,69%. Fenn & Co., Inc., First of Michi¬ has obtained an opinion on the of 100.79, a basis of about 3.128%. Dated Sept. 1, 1941. Due Sept. 1, gan Corp., Estabrook & Co., L.^F. question from Charles & Trauer¬ Dated Nov. 1, 1942 and due se¬ 1956. Rothschild & Co., Hemphill, Noyes nicht, municipal bond attorneys of rially on Nov. 1 from 1950 to 1959 NEW MEXICO & Co., Hallgarten & Co., all of St. Louis. The attorneys stated incl. Re-offered at prices to yield New York; Watling, Lerchen & that "It is our opinion that the from 2.60% to 3.10%, according Tucumcari, N. Mex. amendment re¬ to maturity. Co., and McDonald, Moore & Constitutional Bond Call—The City Treasurer A syndicate com¬ Hayes, both of Detroit. The bid ferred to has no effect whatever posed of A. Webster Dougherty & announces that 4V4%, 4^% and an accrued interest plus i | a Dated Dec. 15, premium of; 6%. 1938. Due 1966 to unmatured at attached presented for payment National States United the 1943 The bonds with all c o u p o n s . be 1£> from Dec. on incl. should Bank of Denver. v - - - * ; • NEW YORK Chittenango, JV. Y. Bond Offering—Harold J. Stic¬ kles, Village Clerk, will receive sealed bids until 10 a.m. (EWT), on Nov. 30 for the purchase of $25,000 not to exceed 6% interest coupon or registered water bonds. Interest J-D. Dated Dec. 1, 1942. Denoms. $1,000 and $500. Due June 1, as follows: $1,500 in 1944 and 1945, and $2,000 in 1946 to 1956.. Rate to interest of multiples of l/\ or in be l/10th of 1%, issue of $80,000 .. without limitation as to rate on, The bonds are issued amount. or of Nov. 24 for the purchase of $48,Fletcher, Dorsey, Barker, Colman 000 coupon bridge bonds. Dated and accrued interest or better of Minneapolis will be furnished Nov. 1, 1942. Denom. $1,000. Due specifying the lower coupon rate. the succesful bidder. Nov. 1, as follows: $5,000 from The city will furnish the approv¬ 1943.to 1950 incl. and $4,000 in ing opinion of Chapman & Cutler, MISSISSIPPI 1951 and 1952. Rate of interest of Chicago, and all bids must be the budget with not one dollar Hattiesburg, Miss. to be expressed in a multiple of so conditioned. Enclose a certified borrowed for relief purposes. Bonds Sold—An account com¬ V4 of 1%. Principal and semi¬ check for 2% of the bonds bid for. "Unencumbered cash surplus posed of Jac. P. Ducournau, and annual interest payable at the funds at the beginning of the cur¬ Kingsbury & Alvis, both of New Merchants National Bank of Bos¬ KENTUCKY rent year totaled over $6,380,000 Orleans, also the Union Planters ton. Legality approved by Storey, Rowan County (P. O. Morehead), National Bank and with cash collections of taxes, & Trust Co., of Thorndike, Palmer & Dodge of current and Ky. delinquent combined, Memphis, recently purchased $79,- Boston." Refunding Approved — Mrs. 000 2Vz% and 2%% refunding totaling $2,165,849 more on Nov. NEW JERSEY Stella Crosthwait, County Treas¬ 17, 1942, than had been collected bonds, series A-2. Dated Oct. 31, Asbury Park, N. J. urer, reports that the State Local 1942. to the same date in 1941, it is evi¬ Legality approved by Bond Call Finance Officer on Nov. 5 Mary E. Vaccaro, dent that the city's strong current ap¬ Charles & Trauernicht of St. Acting City Clerk, announces that position has not been impaired. proved the plan to refund the out¬ Louis.standing 5%% road and bridge refunding bonds, dated May 15, and par de¬ earn¬ water the a.m. the amount of $478,000, are called for payment on Dec/15, 1942; at public on Dec. 31, and must be the same for all of 1942, will be approximately $54,- the bonds. Principal and inter¬ 360,000 after deducting approxi¬ est payable at the State Bank of mately $7,680,000 in sinking fund Chittenango, with New York ex¬ assets. This compares with a net change. Valid and legally bind¬ amount of $70,535,000 six years ing general obligations of the vil¬ ago. In future years approxi¬ lage, all the taxable real property mately $45,790,000 will be met within which will be subject to from taxes and the earnings of the levy of ad valorem taxes to the general sinking fund; $8,570,pay the bonds and interest there¬ 000 will be met from the Portsmouth, N. H. Bond record since it went ings of the water sinking fund. Wahoo, Neb. Village Clerk, will receive sealed bids until 8 p.m. on Nov. 23 for the purchase of $9,000 not to ex¬ ceed 3% interest street improve¬ ment bonds. Dated Dec. 1, 1942. Dec. 1 from 1943 to 1945 incl. In¬ can be greatly clari¬ looking beyond their wellknown political differences to fied by will Bonds Sold—An issue of MINNESOTA Pearl B. Kel¬ — to ac¬ and City, Iowa Bond Offering Nov. yield 2.10%, as from 1944 to 1952. Bonds Defeated—The voters 1944-1947; l%s, 1948 and 1949; l%s, 1950 and 1951; 2s, 1952 to a high bid of 101.716 for l%s was made by Paine, Webber, Jackson logg, syndicate headed by John Nuveen issue offered Nov. chants & city awarded the bonds to a Mayor Hague Montana (State of) re-offering of the issue on Nov. 20 the cost Rapids, Iowa Bond Sale—The Dec. 1 the Co., Chicago,, which purchased the obligations at a net interest IOWA Dated Awarded—At Issue & Cedar bonds Bond bonds, Nos. 23 to 507,: in revenue pursuant to the Village Law and General the Law, Municipal as amended, for the purpose of im¬ proving the Water Supply System, the period of probable usefulness In the event prior to the delivery of the of which is 40 years. that bonds received income the by private holders from bonds of the type and character shall be same of any Fed¬ law, the success¬ ful bidder may, at his election, be relieved of his obligations un¬ taxable by the terms eral income tax such in and bonds purchase the the de¬ contract to the der case accompanying his bid will The approving opin¬ posit be returned. of ion & Vandewater Dillon, Moore, of New York, will be fur¬ nished the purchaser without cost Enclose a certified check for $500, payable to the village. District Fire Inwood O. (P. Far Rockaway), Hempstead, N. Y. Sale—The Bond $5,500 coupon registered fire apparatus bonds 12 were awarded to the Peninsula National Bank of or offered Nov. Cedarhurst, at 3s, as price of a basis of about 2.98%. 1, 1942. Denom. $500. Due June 1, as follows: $2,000 in 1943 and 1944 and $1,500 in 1945. 100.018, a Dated June Principal on June and interest (annually payable at the First of Inwood. The 1) Bank National tions of the district and obliga¬ approved W. Kenneth Cedarhurst. Second bonds are to as Crave tax unlimited by legality of high bid of par for 3s was made by the First National Bank of In¬ wood. ; Onondaga , T Syra¬ O. (P. County cuse), N. Y. Certificate Sale An issue of — $1,500,000 tax anticipation certifi¬ cates of indebtedness was sold on , Nov. 17 to Salomon Bros. & Hutzler of New terest, plus York, at 0.375% in¬ 20, premium a Dated Nov. 20, of $13. 1942 and due April Legality approved by 1943. Hawkins, Delafield & Longfellow of New York Chemical City. ; Other bids: Trust Co.; & Bank _ . was based on a net interest cost upon taxes levied for the payment Cp.> Dolphin & Co., Buckley Bros., . 0.46%; National City Bank of New York; 0.50% ; Chase National Bank of New York, Southold (P. Park Sealed 0.52%. District bids • "/ O. Greenport), N. Y. Bond will be Offeringreceived at . 43/4%; electric light and the office of S. Wentworth Hor-, ton, Town Supervisor, until noon (EWT) on Dec. 1 for the purchase $30,000 not to exceed 3% in¬ registered Matti- of terest coupon or power- tuck Park District bonds. Dated ' Volume' 156 Number- 4127 : THE COMMERCIAL -Dec. 1,1942; Denom;$l,000. Due $2,000 on Dec. 1 from 1943 to bidder 1957 Iricl.- Bidder to to the name a port, at option of the or must fied be exchange. respective holder, for " Note: Official offering "column notice appears of this the income holders NORTH x < ■ " 1 - County (P. O. Currituck), N. C. Bond Offering — W. E. EasterTing, Secretary of the Local Gov¬ income tax contract and 'bids at his office in Raleigh until 11 a.m. (EWT) on Nov. 24 for the in 1 from 1943 to to - purchase the case the I deposit Bonds Storey, bonds. nished. Dec. 1, 1942. Denom. $1,000. Due June 1, as •follows: $2,000 from 1945 to 1953 for will be of pressed in interest to be ex¬ re¬ one the other Bond for the earlier maturities and bids until terest the for balance and int. Prin. of (J-D) District the Baglien, receive bids Clerk, will 1, 1942. $5,000 May and Nov. 1, 1947, and $6,000 May and Nov. 1, 1948. Rate of interest to be in multiples of *4 of 1%. Said bonds mature thereof be obtained from the above-men¬ OHIO Nov. Secretary. A certified $900, payable to order of 'the State Treasurer, is required. .Legal opinion of Masslich & der. In the City will successful that event bid¬ prior to the delivery of the bonds the in¬ received by private holders from bonds of the same type and characted shall be taxable by the come terms of any will returned. be Bond (P. County O. Franklin), Offering —W. E. Easter- ling, Secretary of the Local Gov¬ ernment Commission, will receive bids sealed leigh at Nov. 24 his office in Ra¬ (EWT), on for the purchase of $724,- until 11 a.m. 000 not to exceed 6% interest cou¬ pon refunding bonds, as follows: and bridge bonds. Due Dem 1, as follows:. $18,000 in 1943 to 1946, $20,000 in .1947 to 1950, $22,000 in 1951 ; ; and 1952, $24,000 in 1953 to Y J1955, $26,000 in 1956 to 1963, $27,000 in 1964 and 1965, and $29,000 in 1966 and 1967. ; 62,000 school and road bonds. Due Dec. 1, as follows: $2,000 V" in 1950 to 1958, $3,000 in 1959, Y $4,000 in 1960 and 1961, $5,000 in 1962 to 1964, and $6,000 ! ' in 1965 to 1967. Y 74,000 school bonds. Due Dec. 1, Y as follows: $1,000 in 1948 and 1949, $2,000 in 1950 to 1957, • •! $4,000 in 1958 to 1960, $5,000 in 1961 and 1962, $6,000 in T : 1963, and $7,000 in 1964 to $588,000 road .< - • ' Dec. on 1, 1942. They are dated June 1, 1939, in $1,000 denomina¬ tions, and redeemable at par and accrued interest at the First Cen¬ tral Trust Co., Barberton J ■ t ' • • 1967. Dated Dec. 1, 1942. Denomina¬ tion $1,000. A separate bid for each issue, (not less than par and accrued interest) is required. Bid¬ ders are requested to name the interest rate or rates, in multi¬ ples of XA of 1%; and each bid $2,274,000 of city bonds held City for Sinking sale Fund Nov. on and Bank of to the 156, p. syndi¬ First Na¬ a of Chicago, Weeden & Co., San Francisco; City Na¬ tional Bank & Trust Co., Kansas City; Milwaukee Co. of Milwau¬ kee, Illinois Co. and Paul H. Davis & Co., both of Chicago, at a price of 108.334. 108.307 Second made was composed Corp., of high by the Harris . General as amended, and under resolu¬ a ditional bids will be received. The approving opinion of Peck, Shaf¬ fer, Williams & Gorman, of Cin¬ cinnati, will be furnished. Enclose certified bonds check bid for, county. an First Trust & bid of account Boston Savings for 1% of payable " v'- i the to the ;", Tenders shaw, Wantedr-W. F. Robi- Village Clerk, announces sealed tenders Dec. 7. p.m. on of sum about $5,000 is A available for purchase of bonds. Third high bid of 108;132 by the. First National Bros. & Salomon Hutzler, in joint account. ; Steubenville, Ohio Bond Sale—The $13,000 paving 16—v. 156, p. 1651—were Co. of awarded Columbus, price of 100.45, the to l%s, as basis a of Ohio at a about Dated Dec. 1, 1942 and due !,' as follows: $1,000 from 1944 to 1950 incl. and $2,000 from to 1953 bid of by Ryan; 100.28 Cleveland, Ohio YYF receive / sealed offerings of city bonds in the amount of approximately $500,000, under the following con¬ ditions: All offerings shall be in writing and show the par value, transportation, system date of maturity, approximate dollar price and yield to final ma¬ turity. The city bonds reserves purchased the right which on de¬ are livered subsequent to eight days after sale to pay accrued interest up to that date only. shall The bonds will be awarded to the Nov. 25. The city reserves the right to all offerings. Offerings will be received up to noon on Nov. 24, at the office of any or the Director remain of firm Finance, until and noon of Delivery to be made at & Co. of interest Denoms. Dune Jan. 1, building 1, coupon Interest J-J. as Dated Jan. $1,000 and $250. follows: $250 in 1962. Registerable as to Bids must be for principal only. the whole will be amount, and accepted for bids no portion of a the full amount of said issue. Pay¬ free from any tax or taxes, able except gift, succession tance taxes, levied or now The sold highest the to hereafter or by monwealth. inheri¬ or assessed the bonds Com¬ will be responsible less than par and accrued inter¬ sealed bids Nov. on chase of $78,000 revenue until 23 for re¬ p.m. the pur¬ bonds. operating Dated Nov. 1, 1942. Denom. $1,000. Due Nov. 1, as follows: $8,000 in 1943 to 1950 and $7,000 in 1951 and 1952. Bid¬ coupon der to in multiple of V4 of 1% and must a be the name the rate of interest for all of the bonds. same The approving opinion of Burgwin, Scully & Churchill, of Pitts¬ burgh, will be furnished. Enclose a certified check for able to the $1,56.0, pay¬ Borough Treasurer. Damascus Township (P. O. Hones- dale), Pa. no to Enclose 47. for 2% bids until will 2 the purchase ship bonds. p.m. receive on Dec. and —one the of other the group of in¬ banks assist¬ ing and Drexel & Co. Lehman Brothers in effecting exchange of the bonds as agents of the City of Philadelphia; and the cities which their located, principal offices are Bankers follows: as Trust Co., New York; Moncure Biddle & Co., Philadel¬ phia; Biddle, Whelen & Co., Phil¬ adelphia; Blyth & Co., Inc., New York and San Francisco; Alex. Brown & Sons, Baltimore; The Chase National Bank of the City of New York, New York; Chemi¬ cal Bank & Trust Co., New York; Charles Clark & Co., New York; C. C. Collings & Co., Philadel¬ phia; Elkins, Morris & Co., Phila¬ delphia;; Equitable Securities Corp., Nashville;; The First Bos¬ ton Corp., Boston and New York; First of Michigan Corp., Detroit; First National Bank & Trust Co., Minneapolis; E. W. Clark & Co., Philadelphia. Also Graham, Parsons & Co., Philadelphia; Hannahs, Ballin the bid certified a for, check value of the par offices: & payable to the Township (P. O. Neville Branch, Pittsburgh), Pa. Island Bank & Trust Co., - St. Louis; Lynch, Pierce, Fenner & Beane, New York; R. H. Moulton & Co., Los Angeles and San Fran¬ cisco; W. H. Newbold's Son & Co., Merrill District Treasurer. Neville Also Mellon Securities Corp., Pittsburgh; Mercantile-Commerce Bond Offering — C. D. Francis, Township Secretary, will receive sealed bids until 8 p.m. (EWT) on Dec. 1 for the purchase of $30,000 park and playground bonds. Dated Dec. 1, 1942. Denomination $1,000. Due $3,000 Dec. 1, 1943 to Philadelphia; The Northern Trust Co., Chicago; Phelps, Fenn & Co., New York; Reynolds & Co., New York; E. H. Rollins & Sons, Inc., New York; Smith, Barney & Co., New York; Stern Brothers & Co., Kansas City; Stroud & Co., Inc.', 1952. Bidders to name the rate of .Philadelphia; The Wisconsin Co., interest in multiples of xk of 1%. Milwaukee; and Yarnall & Co.* No bid for less than par and ac¬ Philadelphia. Sale the interest will be considered. conditioned approval of Af¬ on Department fairs. of Enclose a certified check for $600, payable to the township. & offer an by and. liead 39 Lehman nation¬ investment a the city to change for new refunding bonds outstanding bond issues of city totaling $162,296,000. Bonds eligible for the exchange the lic are in the hands of the pub¬ to $140,582,000. The amount on Nov. 16. of 1565—was p. awarded to $45,156, E. H. Rollins & Sons, Inc., Philadelphia, iy4s, at a price of 100.46, a basis as about 1.17%. Dated Nov. 1, Nov. 1 from 1943 on Second 1952 incl. 100.14 for iy4s West View high bid of made by Scribner of was Singer, "• Deane Pittsburgh. & Municipal ex¬ certain which issue 1942, and due firms and banks which is effect¬ ing Sale—The 000 bonds offered Nov. 12—v. of Offer Effective Co. Brothers, jointly, wide group of Bond to Bond Exchange —Drexel Rankin, Pa. Internal The Authority, Pa. Bond Sale—A syndicate com¬ posed of Stranahan, Harris & Co., Inc., Toledo; Stifel, Nicolaus & Co., St. Louis; John Nuveen & Co., Chicago; E. H. Rollins & Sons, Inc., Philadelphia; Singer, Deane & Scribner, Moore, Leonard & Lynch, and Glover & MacGregor, all of Pittsburgh; Hay den, Miller but hear the same rates of interest & Co., First Cleveland Corp., and to the original callable dates as Hawley, Shepard & Co., all of the outstanding bonds to be ex¬ Cleveland; Newton, Abbe & Co., changed. Thereafter all refunding Boston; McDonald-Coolidge & bonds bear interest at ZVa%. The Co., Cleveland; S. K. Cunningham outstanding bonds to which the & Co., and George G. Applegate, exchange offer applies are issues both of Pittsburgh, recently pur¬ optionally callable by the city be¬ chased $3,500,000 2%%, 3% and tween 1944 and 1953,: inclusive. 3%% water revenue bonds. They The exchange offer, which rep¬ were issued by the above author¬ resents the largest municipal re¬ ity in connection with its acqui¬ financing operation of its kind on sition of a privately-owned water record, is provided for under the system in the Borough of West city's refunding plan of 1942, just View. The bonds are payable adopted, and is similar to the ex¬ solely from revenues of the water change offer made through the utility. The bonds are as follows: new bonds, where redeem¬ bankers same ing under the refund¬ of 1941 as a result of which exchanges totaling over $83,000.000. of the city's bonds plan days effected. The maturities of the new re¬ sealed funding bonds of 1942 range from 10 1958 to 1975, and the bonds,twhere redeemable, become optionally callable by the city on various dates beginning in 1949. For the for of $4,400 4% town¬ Denom. $100. Due June 10, as follows: $2,000 in 1943 and $2,400 in 1944. Interest J-D. $1,500,000 3y4s. Due Nov. 1, 1982. Subject to redemption by publication of a notice 30 , holders of about 90% of the bonds prior to any interest after Nov. 1, 1943, at 105 and accrued in¬ date terest on and to date 700.000 2%s. lows: 1944, of redemption. Due Nov. 1, as fol¬ $50,000 in 1943 and and $75,000 in 1945 to 1952. and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341. Herbert D. Seibert, Editor and Publisher: Dana Seibert, President: William D. Riggs, Business Manager. Published twice a week [every Thursday (general news and-advertising issue) with a statistical issue on Monday]. Other Chicago—In-charge of Fred H. Gray, Western Representative, .Field Building (Telephone State 0613). London—Edwards & Smith,1 Drapers' Gardens, London, E.C. Copyright 1942 by William B. Dana Company. Reentered as second-class matter February 25, 1942, at the nost office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States and Possessions. $26.00 per year; in Dominion of Canada, $27.50 per year. South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year. NOTE: On account of the.fluctuations-In the rates of-exchange, remittances lor foreign subscriptions and advertisements must be made in New York:-funds. Commercial William in are bid combining two dif¬ of amount were Bond Offering—Solicitor James Rutherford provided 1965 able, have extended callable dates Mc- 8 are in Lee, New York; Harriman Ripley ferent rates of interest will be ac¬ & Co., Inc., New York;; Harris, Hall & Co., Inc., cepted. The award will be made Chicago; Hemp¬ to the successful bidder subject hill, Noyes & Co., New York; W. E. to the approval of the Department Hutton & Co., Cincinnati; Kidder, of Internal Affairs. These bonds Peabody & Co., New York, Bos¬ ton and carried at the general election Philadelphia; Lazard held on Nov. 3, by a vote of 164 Freres & Co., New York. est, but The A. due 1975. Members bidder, provided such bid is not offer became effective Y Cally, Borough Secretary, will (EWT) Offerings Wanted — Joseph T. Sweeny, Director of Finance, will Sutherland high made was Aliquippa, Pa. Offering—Mabel Bond ceive* , l^s PENNSYLVANIA a > for Second \ Stuart & Co., . incl. Toledo. The National City Bank syndicate offered -108.114 and the Halsey, Inc., account named price of 108.035. Several other syndicates entered bids|; purchase of $17,000 not to exceed Philadelphia, Pa. bonds offered Nov. rison. of New York and tors, will receive sealed bids until p.m. (EWT) on Nov. 27 for the 6 > 1951 made Bond Offering—Claud Mellick, Secretary of the Board of Direc¬ bonds. maturities in vestment firms and Bloomsburg, R. D. 4), Pa. 3% eligible for exchange, two choices of series of Oct.' Bank the approving opinion of refunding Burgwin, Scully & Churchill, of bonds, dated July 1, 1938, will be Pittsburgh, will be furnished. received until 8 that & Trust Co.,' St. Louis; First of Michigan Corp. and Breed & Har¬ was of Township School District (P. O. crued Solon, Ohio Bank, Mercantile-Commerce Bank amount of the bonds of each rate. one the not less than the par value there¬ of and accrued interest. No con¬ 1.43%. reject name of 10-mill limitation. Said bonds will be sold to the highest bidder for offered 17—v. awarded composed tional Act accordance with investment account of the rate for part of the bonds of any issue (having the earliest maturities) and an¬ other rate for the balance, but no bid may name more than two rates for any issue, and each bid¬ der must specify in his bid the may Bond Code, particularly Section 2293-5 Sinking Fund Awards Bonds— in the about authority of the general laws of Ohio and the Uni¬ a Cincinnati, Ohio The county are under City from taxes to be levied within the . • the or duly passed by the Board of County Commissioners on Nov. 2, 1942. Said bonds are payable funding bonds will be redeemed . . of announces that $58,000 works improvement re¬ 1730—were N. C. Bond Call—C. E. Duncan, water cate Macon of tion Auditor,, law, bid purchase Barberton, Ohio Federal income tax the successful bidder may, at his election, be relieved of his obligations under the contract to purchase the bonds and in such case the deposit accompanying his the and in check for York for 23 tioned the bonds to Jan. 1 from 1944 to 1955 incl. New like principal a tor, form of issued for the pur¬ are of amount $18,000 refunding bonds. Dated Nov. 1, 1942, and due $1,500 on furnished Due of refunding pose City. General obligation, unlimited tax obliga¬ tions of the county, regisferable as to principal only. Delivery on or about Dec. 3 at place of pur¬ chaser's choice. Bidding form to be Dated Nov. $1,000. which have matured County Audi¬ Minnewaukan, until 2 p.m. on sealed Nov. 30 for the on at the office of the pay¬ able in New York Mitchell noon M-N. Denom. Dak. Offering— Ben Pleasant to Commissioners, will receive DAKOTA Leeds School District No. 6, N. Mount Ohio , NORTH rates, 3 Offering—James T. Phil¬ lips, Clerk of the Board of County $14,480, payable to the State , of the ■ an of Treasurer. multiple of lh of 1% a and each bid may name two Nov. the voters sanctioned Bond $3,000 from 1954 to 1962 Rate the 2% order 1942. Thorndike, Palmer & purchase of $22,000 not to exceed Boston, will be fur¬ Enclose a certified check 3V2% interest refunding bonds. In¬ Dodge, ing bid Voted —At for to 1943, $1,000 in 1944 to 1947, $250 issue of $8,000 fire department in 1948, $1,000 in 1949 to 1952, bonds. $250 in 1953, $1,000 in 1954 to 1957, $250 in 1958, and $1,000 in Scioto County (P. O. Portsmouth), 1959 ac¬ his Interest Middleport, Ohio election bonds approving opinion of The 1951 incl. certified check for $350, payable to order of the village, is required. Federal successful the A check payable Nov. 28 on of fighting F-A. same turned. interest coupon school build-, issue. law, such 6% incl. the noon purchase 1819 township, is required. $3,250 4% equipment bonds. Denomination $250. Due on Feb. private companying -purchase of $45,000 not to exceed incl. and of the fire bidder may, at his election, be re¬ lieved of his obligations under the Commission, will receive Dated for able by the terms of any Currituck ernment bonds certified bonds, sealed bids until type and character shall be tax¬ CAROLINA • from by A well, Village Clerk, will receive In the event that received FL of Jackson Center, Ohio prior to the delivery of the bonds issue. Director Bond Offering—Ronald D. Max¬ , maturities. chaser's choice. the of in another office of the nance. only; general obligations; unlim¬ ited tax; delivery at place of pur¬ order of the town. "above the the cost interest York. a certi¬ payable to $600, purchase to lowest interest Principal payable in New Registerable as to principal and Proposals accompanied by check the at county, such cost to be de¬ termined by deducting the total amount of the premium bid from the aggregate amount of interest upon all of the bonds until their the First National Bank of Green- -in New York offering bonds single: rate*of interest, expressed in a multiple of % or l/10th of 1%. Prin. and int. (J-D) payable at . & FINANCIAL CHRONICLE THE COMMERCIAL & FINANCIAL.CHRONICLE 1820 • 800,000 3s. Due Nov. 1, as fol¬ system revenue bonds.r Dated Oct. lows: $75,000 in 1953 to 1956, 1,1942. Denom. $1,000. Due $10,and $100,000 in 1957 to 1961, 000 on Oct. 1 from 1945 to 1954 Interest A-O. Callable in 500,000 3V4s. Due $100,000 Nov. incl. whole or in part at the city's op¬ -1, 1962 to 1966. curities Corporation, L. F.; Roths¬ The block is part of an issue pur¬ chased in, 1939 by the Prudential child & Co., Stranahan, Harris & Company, Inc., Bacon,, Stevenson' & Co./B. J, Van Ingen & Co, Inc.', at Nuveen & Co, Hemphill, Denomina¬ tion,. in inverse numerical order Noyes & Co., Roosevelt & Weion any interest date at par and gold, Inc., Paine, Webber,- Jack¬ Principal and interest to redemption son & Curtis/Harris, Hall & Com¬ payable at the Chase National accrued 'interest -Bank, New York. The bonds, is¬ date, on not less than 30 days' pany, Inc., Eastman, Dillon & Co, sued by the Municipal Authority advance notice. Payable, from Kean, Taylor & Co, Graham, Par¬ of the Borough, a public corpora¬ revenues of the, water system,- sons &. Co, Coffin & Burr, Inc., tion of the Commonwealth, for after prior payment of various Hawley, Shepard & Co, Otis i & the purpose of acquiring a pri¬ operating charges. ,City will fur¬ Co,-Inc., "Hayden, Miller & Co, vately-owned water system, in the nish legal opinion; of Chapman & Field, Richards & Co, Braun, Bosopinion of counsel, constitute Cutler of Chicago, and all. bids' worth &■ Co, C. F. Childs & Com-; valid and legally binding obliga¬ will be so conditioned. A certi¬ pany, Eldredge- & Co, Inc., New-; tions' of the Authority, payable fied check for 2% of the bonds, burger, Loeb & Co;, Cumberland "solely from the operation of the payable to order of the City Securities Corp., Geo. ,B.. Gibbons water system acquired by the Treasurer, is required. ; > s & Co, Inc., R. S. Dickson & Com¬ Authority and any extensions and pany, Inc.,- and Nashville Securi¬ Nashville, Tenn. / additions * thereto and hereafter ties Company. .'■ >Z;!Z ZyV'z»}) 'made. The Authority, in the opin¬ The, bonds in the -.opinion- of; Secondary OfferingZ- A syndi¬ ion of counsel, has power and is are valid and ■.}. binding, cate headed by Blair & Co., Inc./ counsel .obligated to fix rates and collect and Halsey, Stuart & Co., both of obligations of the city secured by ; charges for the services furnished New. York, purchased on Nov. 18 a pledge of, and ' payable. solely by said water system so as to from the Prudential Life Insur¬ from,; the■ revenues derived: from provide revenues sufficient to ance Co. of Newark,- a block of the operations of the "municipal pay, as the same shall respectively $5,990,000 "2W..'series A electric electric power plant and distribu^ become due, the principal and tion" system of the citywhich, has power revenue bonds at a price interest on the bonds, in addition of 102.38, a basis of about 2.05%; the: power, and has convenanted to paying the necessary expenses Dated June 1, 1939 and due se¬ to maintain rates sufficient to pay; of operating and maintaining the, rially on June 1 from 1951 to 1959 as they become due, the' pr incipal system and to establish an annual incl. The banking group made and interest on these'-bonds,-. as fund to provide for routine capital public re-offering of the bonds well "as to provide for all oper¬ additions. Legality approved by from a yield of 1.40% to a price of ating maintenance expenses and Thomson, Wood & Hoffman of for reserves for renewals arid,re¬ 103.25. They are part of a total New York, and Burgwin, Scully issue Which was outstanding 'as placements and for debt "service: & Churchill of Pittsburgh. of June 30, 1942 in the principal; Bond Sale Comment —In con¬ amount of $13,780,000. Legality nection with the sale, thej- New; RHODE ISLAND approved by Caldwell & Raymond Dated Nov. 96.57., V- . . "The y three / banking headed respectively by .. John • Monday,-November ;23; 1942 ' 1, 1942. ; the Ranson-Davidson Co, Wich¬ ita, and, the Columbian Securities Corp, San Antonio, jointly,- as re¬ ported in v.'156, p. 1006, were sold' ■ groups, . Blair at & Co, Inc.,. Halsey, Stuart & Co, Inc.; and Blyth & Co, Inc., com¬ tion $1,000. price of a 100.054, basis of a about 2.394%, as follows: $36,000 2 V2S, due $6,000 on April 1 from as • bined 1946 yesterday under the lead¬ ership of Blair & Co, to purchase the bonds," .' ,z trict, Texas TEXAS ■/ - Fieldton Independent School Dis-, ,■' ■ . - and r- turing in the Note Sale—The issue of $300,006 12—v. 156, p. notes offered Nov. ; 1652—-was awarded to redeemable Goldman, 0.81% discount. Dated Nov. 12,1942 and due Nov. 12, 1943. The First Na¬ of Bank best bidder, 0.89%. - , Boston naming TENNESSEE ' Cleveland, Tenn. Bond Offering v City Clerk, bids the until will 2 maturity. < with Blair, & Halsey, and in, the offering Co.; group Brothers, Lehman Corp., sealed Moseley & Co., Stone & and purchase of $100,000 2% water Inc., Blodget, General. due F. former S. was bid. of. Ohio Water Service list of corporate-bonds, notes, a British & Continental American, tures dated American I, /; • : , Corp.' 5 Va rio conv. Common mtge. gen. sinking I, due Corp., Corp. 1738 Tennessee lien Continental 1 1604 1 1771 15-year conv. 3V2s, due 1951__^Dec, Corp., preferred stock__L.____.i_-.—_Jan ■ Denver Tramway Corp. gen. & Eastern Car Co., Ltd.. ref. mtge. bonds, due 1950_Jan 1694 ■ ' Co. 1780 4T deben.,: due -1956__r_Dec .1 General Shoe Corp., 15-year 3V4'/ deben.,;due-1956—-.-Dec 1 Graton & Knight Co., 1st mtge. 43/4% bonds, due 1951_Dec. 1 1689 Fairbanks. Morse & Co. Great Northern G H. and Ry. 20-yr. July ,'1. due 6^0 d ,• Jefferson*& 1st Clearfield mtge. 1695 ■ moneys 1st & due Mortgage Co., ser. A & B, - '1615 / L1615 i • 1st mtge. .. .. 2 1 mtge. 3.6 (/o 1690 due 4s, 1960_'. Jan bonds 20-yr. Dec- 1609 1 1 ' 1776 1690 --Nov 21 :—-Dec - 27 Mayaguez Lgt., Pwr. & Ice Co. 1st mtge. 6V2S due"1953_Jan 1 Properties, Inc. secured 5V2s debs, due 1946_Nov 25 1690 1690 Mercantile RR. 4Q bonds, foreign series., due 1960 Mississippi River Pwr. Co. 1st tntge. 5s. Montana 1st 5 'c Coal Iron & Co.. mtge, Dec ,1 due 1951___-__Jan bonds— 1691 1 The dividends announced this week Corp. of N. Y. collat. trust mtge. due B, Abbott Name ol Comvany thare Laboratories,-common. Extra 1777 Nov 23 National Steel Newport 1st & ref. New York, 6 'i>- Corp.. & mtge. 2 V2 'r due 1950 York Merchandise New York Railways Corp., Niagara North Ohio 12 1777 1 t2283 1st mtge bonds, due ,1947_Nov .25 —i.—1 —Dec 30 1691 Gas 19^9 Electric & Co.. Inc.. prior rToifd lien Falls s^ock— - Co.. Nov " ! 1— —— 1 Co. preferred 1st & ref. 316s of 1936—.—-Dec 1 debentures stock due 1954—^ 6 4 1778 & ciass A Co. - —- Dec 15 . 1611 1242 * 1692 Gas Atlantic Coast 'Line Atlantic Coast Iron Bayuk Mfg. preferred American American 54 6 7c B 12- 12-24 (quar.) Business Chain SI - (year-end) Shares Cable, - 12-15 pfd. (quar.i <quar.)_— 12- 12-23 12-12 2-, 1 ■., .; preferred preferred Blue/op 11-27 ' - Boss Scrymser 1- 2 12-15 1- 1 12-22 6% 12- 1 11-16 Boston <1-2 12-21 Boston 50c $1 & & Co, 2 ' Boyertown 2 " 12- 1- 4 12- 4 2 '12-14 -:$1% 1- 2 12-) 5 1- 2 12- 4 12-15 -12- 1* 50c 12-26 $1% 12-26 »12-16 15c 12-10 11-30 $3 12-21 f • • 12-15, 11-30 12-16 r : 12-15 12-15 12- 1 ;ll-25 $1 .< 12-30 12- 12-30 12-1 10c 12-21 12- $1',4 . $ 1 (4 "12-31 12-31 < JIV2 • 12-~5' 12- 5 1- 2 12-15 $2(4 (year-end) 12-21 11-30 ,Z-» . $2 • 62 - 12-23 11-30 10c 12-21 12- Vac 2-1 $1 " ~Y~ 12-22 12- 12-15, 11-30 11-16 11-9 37 Vac ~~7 (quar./ . 1 7 12-15 50c (quar.Z-ZZZv (Conn.) 12-15,. J20c % 30c ' $ 1 \'2 ^ 25c 12- 15c (quar )_ 12-15 12- 12-18 11-30 $1(4 zZZ/ • i 2 1- $l3i 1- 11-18 1 12- 8 g 11-25 12-1 11-25 $30c 12-31 12-15 12-18 50c .' 11-20 1 $1 12-15 11-30* $5 Co.____^__ZZZZZr" 1 12- SIVa I ------ cfass"a"(s-a)ZZ.- .(year-end) (reduced) 12- 12- 40c _ 2 8 7 (4 c (quar.) 11-30 11-18 $ 1 V4 12- 3 l-i2 12-10 30c 12-11 11-27 $1V4' "" 12-31 -.25c- (year-end) ' * "•-•**« '".V Briggs & Stratton Corp. 4 ; r"' Bright (T. G.) & Co., sVc pfd. (quarZ)ZZZZ - - \ 1-22 25c Machinel Breeze Corporation 12-15 * ' 12- 1- ' (year end) ~ Burial Casket (quaf.)ZZZ 12- 9 ' n Railway (quar.) Herald-Traveler ■ (extra iZZZZZZ'" Wharf Co. 12-J 12-31v 12-21 12- 25c 20c Brass Manufacturing 12-15 $ 1V2" 12-21 $3(4 , 1 ■12- 9 12-23 com;"""iquar;)Zlt/tL (quar.) 12-15 a2-i5l. tl''"' 12-23. $3 30c Z"*"7>*"" (quar.) $114 common 12- " ~ (quarj Mfg._^ } Corp. 50c * 4 12-15 $1V^ "' pfd. Fdy. & Boston Elevated • 4 ,12- $1 ) (quar.)ZZZ"' (year-end)_____^ZZ~Z~" Brewing Co. 6% Aluminum Borne 12- 12-24 . .. Birmingham Gas, $3,50 prior pfd. Black-Glawson Co. com. (quar.) Bohn 12-18 - $7 12-15 11-16 25C , tyear-cnd/ZzZ Birmingham Electric, $6 pfd. 6 % 12-11 1-1: 1 $3 1- 4 5c (year-end l conv. ' Radio $3A2 (s-a) common Cigarette & Cigar, preferred (quar.)__j_._ . $i?/2 ; Mfg., 4% & 37Vac (year-fend.)^ ' 12- 4 1-15 35c „L„__1 com. Bemberg Corp. !'■/„■ pfd. preferred American class ;..Z 3 1 1-15 pfd.Zaccum 8 12r24 12-10 y Co., Birdsboro Steel 0/ Jtec. 1- 1 2- 11-28 $2 pfd," Co. 12- 12- • $3 $2.25 Cigars, Beacon 4 25c " ZZZ"""""/' '* Line..RR. .(year-end) Cotpi; conuxion_i^aZZZ Works 12-12 2-15 $1'4. ' (quar.)„l Light, 6% Atrahtic Rayon 12-12 12-12 'pfdZiZ/ 1 commonZ-Z-—/- Refining, preferred Bath Hdldert 12-24- 20c (quaiy)— of America, American Central A, 5% Atlanta Belmont 10c , 4 — |year-end) Gas Supply Mfg., Aluminum American 25 secies Aero Oil " $6 Co.4_.i;__' Belknap Hardware When Payable ■■ 40c .preferred .(qliar.), Adams $1.50 Jan bonds, : Power Co.. 1691 Co., ——Jan — American Oil JDec due Ry„ 5s, due 1944 New 1958 31 notes, Hampton Chi. & St. L. RR., debentures, due —Dec ^ News . 44. bonds, series 1946 Mfg. & 12-12 i'- 12-17 $1 '/V $2 $2.50 prior preference are: Per' * ; , " pfd/(accum jZZy ■ ' Mortbon > • 2 2 1-2 B //* preferred <quar.) ——•i^____ilZZ'2z' ; Associates Investment Co.,' com; (qmirZ"""", - 1690 Midi given Investment News Department" in the, week when declared,-• > ; . or • '5 we - A ------1Z___„,_jZZiz3I"ZZ'*'~~"**' Oil 11- ■■ 15c : and • of -4-_,4L_„„__ZZZZZ Class' B ;(year-endfcr::. Ashland 12- ■' Asbestos:Corp.,. Ltd. (quar.) are 12- 55 the (quar.) Corp. '! Arkansas Natural Gas 6'!/ V, Armstrong Rubber, class A Corporation 1690 share &'Tel. Co.^(quar.) American Woolen Co., 7r/o v/. ol Ree. 12-21 12(40 Z"' (quar.)_i__i.._~ZZZZ Applied Arts Corp. (year-end/j„i„jyZZZ" "Arcade, Cotton Mills, 6% pfd. (s-a)ZZ~~"**-.' Then we follow with a second table in show the dividends previously announced, but * which have not yet been paid. Further details and rec¬ which 13(4 American Tel. Edison Holders Payable i5c . V.k prior preferred tSee Volume'155. ■■'if. ord of past dividend payments in many cases are under the company . name in our "General Indiana County Co. we each Stores Apex Electrical in T- 1 When ; 12-21 y- non-cumulative Arizona amount common, payable in the share of 5 4, pref. stock one ' current week. ---Jan Iron 20-yr .bonds-, 3.6 '<• 514 Dec income deben., due 1948.. 5% 1689 „ 1950 RR., unified Marshall Field & Co. mtge. 1 first that 25c Building Co., com. (year-end) preferred,^; ^ Co./ 41:* ,f, "' American Sugar Refining, 7%' pfdflquVrZZ; American Surety'. Co/ y. 1 T/o American - ' considering Snare American Ship grouped in two separate/ tables. / In the bring together all the dividends announced the ,* 2 1950____—Dec ■ 1st & ref. mtge. 5s, Z : Coal bonds 5'y Louisville •& Nashville ,1st due Dividends ■> (year-end) , Extra - com. 75c,peV share"on of 1958 Issue-1. Bond are of $1 1 American Service Co.-class a- V" ;.;. $3 preferred '(annual)i_;'j_4__lZr/_ZZZZ - DIVIDENDS 1774 B to the county's general fund. National Finance Corp— non-cumulative preferred (year-end i.f ** • 160 7 of & stock for -, • , "< gold bonds, series A. due July 2,-1943—Jan International Paper Co. due 1947 Lincoln - Dec., 8 Times. Inc. 10-yr. serial debs., Telephone <fe Telegraph Co.— - 1st mtge. series 1946 Hartford Home bonds, 4conv. mtge. gen. to (quar.) American 1157 ' ' ratio . A 1947 $617,810 bonds to fund overdraft Bldg., 1st •Announcements in this issue. 1047 the (quar.)4__„4_}YY}}Y common American Hardware ■'■■Extra 1613 ' lr bonds, due 1952_„Jan'T 1st mtge. 6% issue of an Large officials IIZ " Steel Corp*," serial debentures, due 1944, i 1946, 1947, 19*48 'and 1951,-—-AiLAcl—Dec 3L 11615 Walworth Co., 20-yr. 6(/ debentures due ■;•.'••■<1. t-Apr I 1 Warner Bros. Pictures, Inc., 6%' debentures due'1948-'Dec 18 -• West Virginia Pulp & Paper Co., 1st mtge. 3s/dUe T954-Dec : 1 1616 1688 Considers County . ■ United 1771 from County (P. O. Fort Worth), Texas ; :■ common held j I' American Export Lines. 5 (/.pfd. (quar.) American Felt Co., common (year-end) 6(c preferred (quar.) American Furniture Mart 1613 1688 1 . Corp., Steel 1 Coal B Co. Interest A-O. } (ouar.)Ji:i.JT common preference y 1612 .. States l & of re¬ Tarrant Athens), 'Special' dividend 1613 debs., due 1945—'£_Dec 15;' 6% debs, due 1945—2 purchase Class ■ . bonds RR. Oct. on Nameef Company class , 1603 30 Dec Consolidated Oil ; 1945. 4V2S, due 1951i__^Jan 1st & ref. V '■* . 1 pref. stockJDec > bonds, series 1968 Ry. & Lighting Co. f. s, Due 314s. as <. Colortype Co., Class A - l 1687 1950__J-__-_-^-_Dec? conv-. - ' Sept. 14 < ■ 1 through Crummer Dallas, preferred i.ve&r-endi American Cyanamid Co.— •>.,/' • funded of 5% ; conv. Consolidated 6 Yv Third Avenue 1687 Sweetwater, Texas Knicker¬ - ; v » 1612 Nov 27 mtge. 5s dated July 1, 1887-——Dec l" Toledo Ediscin Co., 3'/a c/« debentures, due I960——„t)ec ^ 1 United Gas '8c Electric Corp.^ 7% pref. stock-—Dec 1 - . 1st mtge. 3%% 10-yr. "conv. 10-yr. ^ Wash¬ April 10 in on American 1332, , Studebaker / ref.'t••'/•v!-' collat; like amount;! a having a maxi¬ maturity date up to 1972." bonds, dated April" incl., due 1 5s, due, 1950—Dec & by refunding bonds, dated 15, 1942, optional'in part Per 1*692 ; mtge.- 3%-6(:e.»v mtge. & awarded 1692 .Scoyille Mfg. Co., 10-yr. 314 (/ debentures, due 1950-^-_DeC'12 ? ■ Joseph, Alberta,- 1st 6s, due 1937-J9484d-^Jan. ...2, Staley (A. E. ) Mfg. Co. 7% pref. stocks———I——-Jan /l?. Studebaker (1938 issue)Dec 6% red. Ltd., Commonwealth Edison Co., ref. a 21/2% mum County: Consolidated 1778 deben.;. due 1949—iDec^ 1 1st ■:} - reports, the city has press Page .Sisters of St. 1146 1 Gas & Electric Co., 1st mtge. 3VaS, due 1967_Dec, Colon Development Co., ;•! • 1738 fund debentures,'due Date series._;jJan',13/. Electric Co./ 1st mtge. , after 10 years and Houston, for the origi¬ bonds — ———Dec 4% 'jo road basis; lstTienv& of :"y; " ; Texas ■■ 'y y;; Bond Issue Details—The $50,000 !2039-„L_i_—15 Congregation, :1738 : sinking, fund debentures Conn. General Vojtiechus- bonds, due! 1956„Dec 5 stock 4%% ^ Cincinnati deb. due 1944_Dec stock Champion Paper & Fibre Co.— k, bonds, —uDec Corp;, ;. Salmon River Power Co., 1st mtge. .5% bonds/due 1952_Feb 1 San Antonio Public Service Co., 1st mtge. 3&s, due 1970 ! —:„L——_—-L-A-;——Nov; 25 ■•••■ 1413 Preferred 5'/« Portland 1 Bendix Home Appliances, Inc., Belvidere Hotel due A, Public Service Co. of Colorado, 4% —,!--Nov 30 conv. mtge. :St. 1737 5% series Pittsburgh Suburban Water Service Co. debs, due J Atlantic City Gas Co., 1st mtge. 5s due l960^_i„__o___Nov 24 Atlantic Coast Line RR. 10-year 5% notes, due 1945i-,JDec ,15 I bonds, . McClung r, Henderson debentures, due 1952__Dec 15 Co.-consoh L. Road District No. 1 (P. O. sinking fund bonds, dated 1936—A__—___Dec ——Feb Chemical 3V2% 1, 1956. be refunded San incl, have been exchanged /» /•' certificates, series D, due 1944—'XANov 30 / conv. Dec. signed / 1955 and 1956. ; of par. nal 5% district paid 40-year guaranteed ing to Sept, mtge. Co. ; 62,1 Saba, Texas ?' • ? Refunding Authorized—Accord¬ Z; ' * i ■ County Navigation District (P. O. Houston), Texas v 4%.' bonds, due; 1964.1 Dec/l/ 4s, rdufe 1964—__.-Dec "i 1st mtge. 1st , \ Nos. 61 and $2,000. Dated Denomination $1}- 1916. Due to' 162 San Ranson-Davidson Co. bocker of re¬ / -« . RR.-Pennsylvania 3V2%"gold trust gold deben¬ 1928. G. 1949 , Philadelphia! Transportation Page Data 5% Corp. Co., Phelps.Dodge Corp., stocks , „ Valley Power Co., "" 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." Company and Issue—► the Antonio, at 2.05% basis, which or a Nos. of. $7,000. Denomination refunding, contract whereby its $203,000 4-re¬ enue'bonds, reported sold in vV funding bonds, Series of 1937, are 156, p. .1566, ,were purchased by to to 1952 syndicate -102.20, or a 2.Q6% Company and Issue— Pennsylvania common 102.38, 1, amount 1, 1917. Due Dec. 1, 1947. I, 000. — Zrevey through price Dec. Sept. 1, 1942 and Gonzales, Texas ; No. the Road Dist. No. 8, to the amount of Purchaser The $225,000 3%, 3Vi%:and 3%% water system rev¬ Paris-Orleans RR., 6,% bonds, foreign series, due 1956:—Dec :,T Parkview Realty Co:, lsc mtge. bonds, due: 1960„^^-.-_iJan 1 Notices and The groups. • $1,000. Interest M-S. "'■;■ compared with last, week's highest Se-- Ottawa combined a of Sept. 1 from 1953 to 1957 on incl. Dated Dist. to burn, Copnty Auditor, reports that Bonds Refunded—An issue $100,000 1V2% refunding bonds, due $10,000 annually from 1943 $35,000 filtration bonds was in¬ bonds/held in its ^in¬ to issue approved by.the State Attorney- Bonds; Refunded—H. to bid portfolio, and. later} • An , —- Dated Dec. $16,753,3%% permanent improve¬ ;refunding bonds has been . $5,990,000 of Nash-; power — . v Road Harris comprising members of the/three are Equitable Redemption Calls and Sinking Fund Below will be found 21/4% terday Websteij , preferred block of Approved Bond 168, ment com-; week groups, County (P. O. Corsicana), Texas •; ; m ■■;, ; Call Joe E. Daniel, ; County Treasurer, has called for, payment on Dec. 1, 1942,: the fol-, lowing 5% bonds: ; v. , '• v/ . . y, • , ' ' Navarro In¬ " Co.t jected all bids, sold the bonds yes/ 10,. 1930, and & Stuart last banking M-N... Bonds ■\ZZ,Z^ , ville, Tenn, electric Blyth & Co., Inc., The First Boston Nov. 23 for on p.m. a on vestment to Inc., « receive vited three nue Inc., Pat Randolph, — Company, ; which fraction or , Noy.} 19} proved at the Nov., 3 general elec¬ Freeport, Texas "The Prudential Life Insurance thereof, from the date of redempi ;> . of 'the of follows: as tion ■: ■>■■■ each-year for, Associated -V< • 1% of rate a option interest, plus a ■premium of %~.of next was the city; as a whole, of in part in in¬ verse numerical order; on-any in-; terest date at > par and accrued Sachs & Co., New York, at tional at mented 1955-1959 are years "Times" $1,000 in 1961 and 1962. terest • York ; , herst, at par.Dated May 1, 1942. Due May 1, as follows:-$500 in 1948, $750 from 1949 to 1960 incl. • ma¬ ' to the First National Bank of Am-' . The bonds trict, Texas ,' /, « Bonds Voted—An issue of $20,000 construction bonds was ap¬ f Bonds Sold—An issue of $11,500? tion. .4%. refunding bonds has been sold • City, $14,000 as April 1 in 1952 Hermleigh Independent School Dis¬ . of New York and on and 1953. ■ . Cranston, R. I. incl. 1951 to 2y4s, due $7,000 $1 Va ,12- :-l-.'■ 75c : t$l Va 12--' 1 11-21/ 12-15/ 12--1 12-15 12- ,3 12-15 11-30* - 'V • Volume- 156 Number 4127 THE COMMERCIAL & FINANCIAL CHRONICLE Per v.. ...... rNdmeof Company, , EfuCk.Silk 3,5c 1 >■</-,.•./■v. . Arher. deposit rets, tor 5%%"preference..-: California ink GdJ_!!/__./r;:!i!:!-!-_!!!_./ $1 •,; 12-28 12-18 12- 4%J guaranteed ' 4 5c 11-20 '/50c 12-31 / / ■ $2 4 12-11. &%,-preferred! (qute)-_!!/_!_:■ IV' 12- Carthage.kJlUs,common-ikL-l;:*-i_z>__-^-^-,: - 25c 6%,. preferred A (quar.)Vlvrj;rk-_\:,„i;__-.'$ 1 Vi "1- $2' $i2MiC ' (quar.)— class Iron (quar.)'— 1——_ Harvester Co/ (quar.)____ Peoples 11-20 1 11-20 1 11-20 12-24 12-31 11-27 1-15 12-19 11-30 1212- 1 12-10 7.% preferred (quar.) ——; Joy. Manufacturing (quar.) 1 12-17 20c 12-15 11-28 common (year-end) 37(4c preferred * (qiiar.)_—*•- $iye Company —L__25c 12-15 11-30 1- 2 12-15 12- 1 11-21 12-24 11-27 $4.50 Kellogg - Kennecott : Copper ' __v 25c ■■Special v—..-^.±.4—.$1 Key West "Electric '?%"pfd;. A (accum,)'J__—/ $3(4.. Keystone St.eel & Wire (year-end)/.—/___ 25c 12-24. 6,% .preferred, B: Cbntral 3teel;& Wire 6,% Century EJecfrtc Co. iquart)i_ri_;rlkrV_-_--- " " 10c;. "12-21 " 12-12 ."/ Kilburn Mill —__:/V—— $2 Chesapeake'& „Ohip: Ry.;'cpm7 (quar.)^V_-.". >\"::; 75c-, T- 1 1 12-. 4. Kimberly-Clark Corp." com.! (quar,)_/_—___/ 25c. :'Extrav/^^;:;:kj:;7V--l^:L_wV7_v;:'' 50c 12,-26 :I2- 4:-;.'a Extra J 50c.. $4 obn-pUm/serv/A pfd. (quar.)' V$l l- 1/', 12- 4 6% preferred (quar;) : ' $1.(4Chesbtough 'Mfg;; iCcmsoi.) -(quar;)/™!!;.::. v* $1/: .12-14:, .11-27-; Kingston Frodiicts Corp...——6c '.Extra ——' 25c-" .12-14 ; 11-27./'. ' Kinney Mfg. Co. $6 non-cum. pfd.__—__ $1(4 VChristianal Securities com', : (year-end)/™!!' $18.10 12-15: 11-23 ,; La Salle Industrial Finance Corp. com. (qu.) ^ 33/4c t ,7% preferred ' iquar.r-—i— $1% 1-2, :12-19 V k70c class A (quar.)' 17(4c™ Chicago Rivet & Machine Co.;V_7;^i_:j_-_.;, ; 12„*/ac 12-15"!; 11-25',-•• La Salle Wines & Champagne.!—_//; 5c Cincinnati; Street';Rwy. '.(yeaf-ehd);_l;-_v^_ :r' '40c ,,,12-15:/ ,12- IV,; Lake Shore Klines,.-Ltdi (quar.j____„$20c City/ Ice & Fuel; com™!™.;;™!™!!;!!//// 30c ; 12-15 ; 12-1 Lamson & Sessions Co. common.!-!—; 10c '6V/% preferred ,'<quRr.)i;_;__:r!_-™_™ $1%/ 12- 1 1 11-23 "•/ $2.50 .preferred (quar.) fc.ii!--— 62(4c Clark 12- 1 1* , 1 12-15 ,12- Pittsburgh Placer //75c 12-12 V $!%-:' cliffs .c<?rp. /_™™_;™™;_i™™i_r__ 12- 2 20c -1 12- 11-30. 2 Lang (John .A.) & Son (quar.)— Langley's Ltd., 7% conv. pref. (accum.)— !5 V2 • 12-23 11-10 ^ 12- 1 11-25 .11-25 v/ Leath & Co., $2.50 Life;,Ins., CO, (Louisville,; -:■•/- . * 12- 12-28 25c Copperweld Steel Co., common (quar.|__„__ ..'5%, conv. preferred Vquar.) V;:i_;iCL;__— Cprnell-Du.bilier Electric, commonV-™!—.- Special i: . 20c 15c 25c Co.,-common tyear-end)____.v— v $2 preferred (quar.$iy4" , Crucible Steel ." .5'/$ conv. Cutler-Hapimer, Delaware Detroit & Steel RR. (quar.)__^;_ - com. Co., common Pont (E.* I.) 11-30 12- 1 ' > Durez Plastic .6% t$l3/4 1- _• com. - , . common (quar.).. ;•/' (quar.) 12-15 , com: (quar.) "preferred (quar.) ,5% conv. pfd.-series 1941, (quar.)__r__-V_"'; El Paso Electric, 8pfd.: (quar.) 5% ■.7fe preferred A Electric Boat Empire ' Power (quar.)J 1 /.11-20 . V , 12-15 12-15 $lVa 1-15 ;— $1% "Co.5...VC—V-*, $l3/4 Company, common preferred (quar.)— preferred $2 12-15 11-24 12-24 12-17 1- 2 12-17 1- 2 12-17 (quar.)— $1.31(4 Linotype Co.—$1(4 — 1-15 $1 , 10c 11-30 1 12-15 25c II-20 Utilities,' common—!„!!!!!__— 25c preferred (quar.h—; $1(4 Judson, Voehringer Co 25c Montreal Cotton, Ltd., com. (quar.) 1$1 ,7% preferred (quar.)t$l3/4 5% . — __— Morgan-;, (jr. P.) & Co. Inc.—!_!—_!!!— /'/ $1(4 English Electric Co. of Canada; Ltd.*^w/'rV,,./y';V:;-'' $2 // . v//.; ; \ /* / Munson Line, $4 preferred "A__ ;$3, non-cumulative .clasa A (quar.)-/ili'li.rr' f62VaC Muskegon, ..Piston Ring_i—/__—!— 12-15/ 11-30 _/ 35c Ejrle.& Pittsburgh. RR. gtd.~stock/ (quar.)V-'- / "-:; 80c Nanaimo-Duncan Utilities, 6(4%; pfd. (quar.) 81 (4c 12-10/ Vil-30 Eyer, Ready. Co/ (Gt. Britain), National Aviation Corp. (year-end)__ ! 50c Ltd.—;.-/'/c'-V' •; Ordinary • stock," (|nt,erim)Lr.-V-,--V_V--—L/'-.v''. 15 121- 5- V /Preference, stock; (interim)/ —i-V-V-—" :,'•/* 10%; '12-, 1 /.ll- 5;s Fifth & B Corporation——„$1(4 12-15.,, 12- X/.; Firemen's Fund Indemnity (S. F:)^ (quar.) —./: 60c 12-15 12-5 ,.r Fisher Manufacturing Co._—$1 ,12- 1/, 11-18 > r Food Fair..Stores, common (quar.)_—. . 25c 12-15 v$2.50 preferred (quar.)__ .'/ 62M2C Co. (year-endl—_; V * 25c Four-Twelye .West Sixth Co. (annual) -V_-_/. ,/ '- $2 Gar Wood Industries, 5%. pfd;'(quar.)—/—_ V.: 12V2C Power Co., (quar.)— common Extra..—-/——— Class. A $3 . conv. 1 i 5 ; / National 1- 1 / 1-1/ $12%c National . 10c 12- General National Transit 12- New England Tel. New 9 6(4% / preferred Newport /11-30/ 12-15 12-20 12-10.. Gillette 12-15 12- 1 6% 2- 1 1- 2 53/4% 1- 2.// 12-12 ; 1- $6 $5 Razor preferred (quar.)—-_//; Glen Falls Insurance Co. Goodall Securities Corp. Goodrich ' 5% ' Power (quar.) (quar.)^— Smelting Oil V (quar,). Corporation Special Hale Stores 1 1 $2 _ 25c 12-15 , $1 12-16 65c (quar.)_; • 12- (James) (quar.)—87(4c Rock Gold Hart-Carter, $2 Mines conv. Common (interim)——, pfd. (quar.)______ — Furniture Co. Haverty Hawaiian Commercial & 12- 1 1-8 * 1-2 12- Central Pacific Mills Pacific } Western & Package 11-20 Page-Hersey 11-20 Machinery Paraffine 4-' Oil. Corp. ""(resumed)'—! Co _L, Tubes,-Ltd. Companies, Inc., 4% preferred 11-25 11-20 Park 25c 11-25 11-14 Parker Appliance 50c Patjno Mines & Tilford com. 6% conv. Co. 12- 12-5 12-15 12-1 Chemical Corp. common 4(4% preferred series A (quar.) !___ Hiawatha Oil & Gas 5% pfd. A (quar.) 75c 12- 11-24 Pato Consolidated .Gold Dredging $1.06(4 12- 1 5 Dividend U. S. 11-24 Peerless 12(4'c 11-13 11-12, Pend 50c 11-25 11-18 Penick 40c 11-25 11-12 Penn-Mex. 25c 12-13 12- Pennroad 6%~pfd. (quar.) $1(4 Hudson Bay Mining & Smelting. J$1 Huron & Erie Mtge. Corp, Cauar.)_^__: $1 Hygrade Food Products (initial) —30c 12-31 12-11 12-21 11-27 Hines (Edward) Land Holland Honolulu Hooker Lumber Co. Oil Corp. (liquidating).— (quar.)__ Electrochemical ... 4 /1- 2/- >2-15 12-18 >12-10 1- 1 12-16 12- & Ford, Co. pfd. & $7 ,, • 12-15 (interim) Co. 12- 11-30 12- 11-25 II-24 62V2c 12-31 1 ! 11-18 12-15 .11-30 12-15 11-30 12-15 11-30 12-14 11-27 12- $1% " (quar.) $10c 1 11-16 12-15 11-30 12- 5 11-25 $3 1- 1 12-15 30c 1- 1 12-15 $$l3/4 ______ I- 2 12-15 " 11-16 12- 1 11-20 $l3/4 12- 1 11-20 $1% II-30 11-19 $iy2 pfd. 11-30 10c 11-30 11-19 50 c 11-30 11-19 $1 12-15 10c 12-21 11-30 50c 12-21 12-10 2 12-31 $3 __ • (quar.) _______!!_ : (accum.)" / 1- $l'/4 T 50c 12-21 $l'/4 , 12-21 1- $3% — of 1 11-30 12-10 12-10 11-28 & //'/•'' Kentucky (quar!)/!!!!!!/! / Spring (year-end)!——_!!!_ ' ; Co. 25c Co. 12- 11-30 11-24 25c (resumed) !!!!!!__ 12-15 50c ! Fuller 12- 1 11-24 '12-7 11-23 25c - " 75c 12-15 1 12- 1 30c 12-15 11-28 5c partic. • (quar.y!_—!!!______! (quar.)—! pref. Texas Company & 12-15 11-28 1- Thermoid; Co. $3 Ry. preferred 1 12-15 1 2- 12-17 1- 1 12-15 1- "//-$1 2- 12- 4 12-15 12- 1 30c 12-15 12- 3 75c 12-15 12- 3 12- 4 * (year-end) com. 12- 12-15 12-30 50c (resumed) 1 12-30 " 68 %C ___________ Pacific (quar.) / , 75c Sugar 11-30 11-20 30c Co. Investment Trust 12-10 25c 12- 11-27 """ Corp. Oil Co. 20 c 12- 12-15 12- 12- 30c * 12-15 12-15 1 12- $2 (extra)——! 12-10 $10 V (Pittsburgh) 12-10 '12-15 20C Co.__—_— Co. 7 $1% (year-end) 11-20 11-30 12- 12- 12-15 1-1 11-19 $7 50c 1 11-20 12- 11-30 11- 8 12- 1 12-19 11-27 12- 1 11-20 1- 2 12-15 12-23 12-10 1-15 1- 4 75c 12-21 12- 12-18 12- 30c 12-24 12- __ $1 12-21 12- ______ $5c 12-30 12-15 50c 12-28 12- 8 1 12-15 11-27 — (year-end) com. (s-a) (year-end) Valley Mould $5.50 prior Co. 6% West Products —____!—_ Western Real Estate Weyerhaeuser 12- 1 1 12-15 12- 12-15 11-10 12*15 11-25 50c 1- 2 12-19 11-30 50c . 11-20 Trustees Timber Gibbs 11-14 15c 1- 2 12-15 12- 1 11-20 $1 ___ Machine.. . 12- 1 11-23 12-16 12- $1.183/4 12- 1 11-14 $iy2 2- 1 1-15 25c 12- 7 11-26 $1% pfd. (quar.)_ (quar.)____!_'_ (1897 series) 1 $2 , (Boston) (s-a) (year-end) Sewing 12- $1V2 Wisconsin Electric. Power 4%% 6% pfd. 11-20 12-15 & Seashore RR. Co.— guaranteed (s-a)___ Virginia Pulp & Paper™ & 11-20 12-1 $1% special Wilcox 1 60c $6 Co. 11-21 12- 50c pfd, (quar.)__ Wayne Pump Company.—___________ Screw 12-10 12-10 60c —_—— Power 12-19 $1% (quar.)________ common..-— Mills Water 11-30 y2c preferred '(quar.)______ Washington Wayne ' preferred 12- 11-30 12-15 50c — common—______ 12-15 12-15 30c — preferred & Iron Pump 25c* 40c 43%c —_ (year-end) com. 5 4 12-16 $1 Co. Co. non-cumulative 1 12-30 Graphite Tobacco West Jersey 1 12- 50c 50c ; 2 12-15 S. S. $2.40 11-19 1- 75c '' 75c (quar.) Corp. Equities (Canada) Illuminating Co./ Wamsutta 11-30 15c $1(4 Corp. Gold Viking 11-30 433/4c Elastic (quar.) Upson-Walton Co. (year-end)—, Utah-Wyoming Cons. Oil 11-25 12-15 (resumed)— Woodward •, Below Governor we Co. A 12-14 (quar.)___ give the dividends announced in previous 11-21 12-31 12-20 $6c 12-28 12-14 12- announced 11-30 75c yet paid. The list does not include divi¬ this week, these being given in the preceding table. dends 72V4c 11- 1 Per 5 Name of Company 25c 12-15 11-18 $1(4 12-15 11-28 Acme 6 (4c 12- 8 11-20 Alabama Water Service, Corp.— pfd. series'A (accum.)—Pennsylvania Illuminating Corp.— conv> $15c $3 .'. class __ " 75c 12-14 7% 11-20 ' 12-15 ! 25c " 12-14- U. 11-25 12-15' " 12-15 11-25 25c 12-26 U. 11-20 1 50c (interim). Corp. Participating pfd. 12-15 15c 12-26 United 11-27 $1(4 $$1(4 (s-a) Metals Ltd Fuel 11-23 1 weeks and not Casualty 6% Mines II-30 „ 12-10 /____!!!!!_—!!/'/ >' & Co. (quar.) :_____! 30c v Tacony-Palmyra Bridge com. (quar.)_ 25c !!// / class A (quar.)____25c 5% preferred (quar.)_. !_!_ ;_____!_ * / $1V4 Talcott (James), Inc., com. (quar.) 10c 2 is 5s.; Oreille 11-30 12-21 Swift ■ United 12-22 currency. (year-end) Pennsylvania-Dixie Cement 1 12-11 183/4c , Enterprises Consol payment will be made in 12- 12-15 *; Extra-/- United 12-11 $1(4 __ (quar.) 12-15 1 12-22 12-22 25c pfd. 11-20 12-15 90c :___ Power, 7% United Gas & Elec. $1 ; (quar.) 12-15 Heyden 5 $1 (quar.)__._ 12-15 lc & Union 12-10 $1 25c __ . / Baer Union 12-10 2 1- t20c __ (quar.) 30c Brewing..—;—' 12- 1-2 75c (quar.)____ 11-20 11-30 37i/4c — 12-30 12(4c / 12-15 (St. Louis) _/__!!____ 7" (initial)___/_—__!!/ Truax-Traer Coal com.___/_____!_—!______ 5V2% preferred (quar.) 11-21 $134 (quar.) 30c ,.4. (quar.) Transwestern 11-30 75c ; /—___.—__ pfd. 11-30 I- Investment—: (s-a)__— Title'Insurance 11-27 '75c ——_ Guaranty (quar.) 6% 12-15 (quarj_ preferred Stoker 11-28 V 1 12-17 $$3.25 United Aircraft Corp.——.— United Carbon Co— 75c (year-end). 25c/' (G.) 12-14 11-30 2 — Texas 12-15/ 12-15 12-15 (quar,)__ (year-end) preferred 5V2% , 11-30 12- 12-15 (quar.) Corp., Oil 1-16 12-10 ' (quar.)..—1 — Hein-Werner Motor Parts Corp. 1-16 12-15 50c 50c Assn. . 12-10 I$1 pfd._______ (quar.) Steel : 12-12 1 _ 12-10 1 " (quar.)—— (year-end)__ Heileman 1 -v 11-28 12-31 717/ec class A Oil Elec. & •_ Sugar Co. Vquar.) 2- 12- 1 1- 25c Chain Union Ltd., com. -.(year-end) !_participating preferred (quar.)—/ Ottawa Light, Heat & Power com. (quar.)„ 5% preferred (quar.) 11-20 12- 12-15 w , 1- ___ 11-28 $$154 7% 1 11-25 Rayon Texas Gas 1 12-23 12-15 1 12-21 10c 3-24 2- 11-30 87V2c _ Webster, Inc. (year-end)!_!_!/!!_' Sutherland Paper (quar.) 1 _!!!_!!!_!!__!!'" 11-30;,. 75c _!———_ : —_—_—: 12- 50c 12-15 11-30 12-15 50c preferred Stix, 11-15, $1(4 (quar.)—; Co.,* Ltd. (interim) States Power Co/(Wisc.) — preferred (quar.) —!___ .!_. 12- J3c ' 12-1 11-27 12-15 $l]/2 /_/. Loan common preferred Stone , ' (stock dividend, one Edison, capital stock, for common held) (Subject SEC) Pacific 5 —— 1 11-25 12-24* 30c Outboard Marine & Mfg. (year-end)— Finance Corp. (Calif.) (year-end) 11-30 12-21 / • Oneida, , 12-1 5 11-20, 1-16 7% preferred (quar.)_— ' 1 1-15 60c preferred 12- 12- 12- 2 12-18 & Standard 12-15 (quar.)! '. $37(4c ———L__„/" Oklahoma 11-30 ' preferred Hanley 7% 12-18 •' B Extra 11-18 12-15. (quar,)—25c (quar.)——L—_______ " $ 1 Va Co., common (quar.) _______ 25c 4(4% 1 11-30 12-18 11-27". 37 V2c , 11-30 ' (s-a) ' 12-15 I $1% (accum.)_!* 6% . 11-27 ' 25c . Co._______ Oil Standard 1 (year-end)——62(4c Oakland Title Insurance 11-18 12- 12-15 1-15 $2 Standard of prior preferred 5% 11-13 12- 11-30 Northern , (year-end)^— convertible preferred Hammermill Paper, common k ' 12- 12-15 Ltd.— (quar.) American 6% 11-25 Co. shares preferred Class 11-20 11-20 Northern Empire Mines . 15c North 11-20 1 5 12-21 Company informs us that all the outstand¬ ing 7% pfd. stock has been called for redemption on Jan. 1. ; ' r" Detroit 50 preferred North 1* 212-22 / /■".V /V " './//";'. /"/ ■' (quar.)_—25c $2.40 , ' . 12-18 75c of each 12- 12-15 Tel._—__/——!!___—V"*: Corp. //to approval of 12-11 12-31 $1% — Halle Brothers Co., common—. Hard ,12-22 $1 common— /———— Brothers 50c ! tax) /; 11- 2 / 10-26 & (payable in U. S. & Pacific Tea Co., preferred - ■ 1 12- 12-18 Casti&gs— Remedial $5 11-19 12- 11-20: $lJ/4 (extra) $7 2 75c (accum.)!—,— Mining 4 12-15 20c Corp.—V_— American ;.share 12-15 $1V4 ' f Mining Grea.t Northern Iron Ore Properties— Certificates of beneficial int. (year-end) Gulf 40c, l—_———_V less Canadian Great Atlantic 7% $1(4 . (quar.)/_j_,/V_t—$1 Ltd.'(quar.) Co., funds — Fisheries, (quar.)— Consolidated Granby (N. Y.) 30c . Co. common——7--—t--- F.) (B, preferred Gorton-Pew (year-end) com. North 8 12-15 .1- 2 _ Safety 12- 2 Electric Newmont .11-25 & 11-23 ' 4- 25c Method Laundry, 11-20 1 4 $1% _______!!_ Sovereign Investors (quar.)i,_ Square D Company com. (quar.) 5% preferred (quar.) _! Staley (A. E.), Mfg. Co. com !_—!!/_ 11-20 $2(4 — pref. 1 1 1- 50c Co.;(year-end) i_!_„!i!_!_ 12- 1- Reinsurance (quar.)—50c Power, $5 pfd. (quar.)——-— $1V4 preferred (quar.) : $1(4 Giddiogs & Lewis Machine Tool (year-end) 50c Georgia Malleable & Steel 11-30/ 12-15," 12-15 683/4c 1212- 12- 4 12- 12-18 ___; Service, Southern Colorado ,50c "(Year-end) /'—_!_'— 12- 1 . $1.50 11-20 25c Products———., Corp.; (initial)— Grocers, [Ltd., 11-20 1 $1 ./ (quar.) „, preferred (quar.)—— Dairy 1 12- 12- 12-15 50c (s-a)___!_____! " (Phila.) preferred (quar.) $2 convertible preferred 12- 2 _/ " 6% $1 ____ Erie National 12-15// 11-30 / 12- 1/; .11-27 . National 12- V, 12V4.C"/..12-15/ ' 11-30 ;• —————— 5(4%; preferred (quar,)—1/7————: Gellman Manufacturing (year-end)—— /» Extra-- 12- ',5% preferred (quag;)4.$ 1V*..;; ;5V2%' Preferred (quar.)—t$1.38 , Bank-of-Chicago (quar..) —_„!—*——! National City Lines, common——_ 12-15 115c ;• 12-31 Gaylord Container; common—-——Z-l—— Blvd. Quarterly.—- .12-15 . Foote-Burt Gatineau 12-1* National .. 11-27 1- 12-15 _ __!__!__; 6% class A (accum.) Stores, common.. (quar.) Southern Advance Bag & Paper— 7% preferred (quar.) 12-24 12-18 11-20 1 8yac Gas, 6% pfd."(s-a)_—_!!!, convertible preferred (s-a) "* 7% 2 12-15 11-20;. 1 12- 8»/2C (year-end) Steel preferred Sontag 12- $1(4 $1% preferred Mock, & Sloan-Blabon - 1 11-30 1- 12-10 12- $l.'/4 Mills Shoe 7% 12-10 $3 12- 3 12-1 /' : / . Gas," $5 pfd. (quar.) participating preference Brothers, Inc.~ 6% 12-15 20c — . 4 " Sherwin-Williams of Canada— 11-10 25c 4V2 Selby 11-27 12- 12-17 12-15 25C & Public Company, Shamrock 11-27 12-12 Missouri , . 12-12 11-27 , 11-24= Seeman 3 12-16 —— : 12- 5c . 12-10 ' 50c- . 12-23 4 50c $1.27(4 (quar.)_——!!_/__—!!_! $1(4 Mission 12-31* Corp. (year-end) —!!„_!—„85c /' 11-25 , . Mississippi-Valley Public Service, com.- (^uar.) ' $1 ,6% preferred B/(quar.)—_!_!___!!—!! 12-5- "" $1(4 7% preferred A (quar;)— ,12- 1 ;!" $134 12-20 . Iron 5(4% 11-19 25c , (quar.)___, Scranton Lace Co. : $1(4 — 12-21 50c 5 12- / — 1 12- 11-25 $1% Oil____!_!__!___________! H.) Co.____!_______!____!__ Francisco Schiff 11-21— 12-15 Oil ■$5 12-31 / 12-10 "V." 50C $1mi /11-30-' v , & J.— Second Canadian International —— r 12- 1 (H. Antonio 11-24 $1.31(4 — Grocery, 6%' pfd. (s-a) Minneapolis Brewing Co. (year-end) Minneapolis Gas Light, 6% pfd. (quar.)_ <5(4%. preferred (quar.)— / '$5.10 1st preferred (quar.) Emporium, Capwell Corp.j com. (quar.).^,; V-*L35c,.- 12-15 12- 4 4Ma % preferred; (quar.)_—56 (4c 1- 2 12-21/ Engineers Public Service Ca;, $3 pfd: (quar;) -'/, $1V4:'/.,,1-: 2:; ul2-14 ; ; $5.50 preferred (quar.)-_LV--r_"_-:;-—$1%, / 1- 2 /12-14 ; $6. preferred ;,,(quax.)7-LV---;------------'";/''; $1MT /: .'.l*:;2,-f 12-14 / 12- 3* 12-15 12-21 9.. 9 20c Sanford 35c 4 12- 12- 12- (quar.)^.___ (quar.)!____!, (monthly) Insurance Rustless San 35c N. common San 12- — Midland 11-30 . 11-30 1 of Elec. Brothers 12-15 1- 11-16 12- 15c Corp. Co., Ranch 12-15 —_ Corporation —/—— Middle.West Corp. ,(year-end)—_——— /.!- 1:,! 12-15 12-15V, 11-30 i 62,/2C . , (quar.)— Co. J.) Sugar Refining & Molasses— preferred (accumulated). '_!! Midco . 11-27 12-11 „ „ 12-24, 12-17 Roosevelt Field, Inc. (year-end) Russell Manufacturing Co. 11-27 15c 1 12-18 /20c ! 50c (quar,) convertible preferred (quar.)_____ preferred (quar.) Pyrene Manufacturing Co. (year-end), / Raybestos-Manhattan, Inc; (year-end)__!_! Roos 11-27 12-15 $1(4 Mickleberry's Food Products (s-a)—— Extra i-t;!!—!i—: Mid-City Bank & Trust Co. (Phila.)— ; . 12-11 12- 12-15 (year-end) Robertson 11-14 12-14 12-15 10c C D __: Oil Rice 11-27 11-30 11-28 250 , Extra 1 1 11-25 12-12 12-31 ... . 6% $1(4 (year-end) (accum.)_ 11-24 . ".,1- 62 Vic Corp., $6 pfd." (quar;) $2.25 participating stock (accum.);/;;^"— Empire Star Mines Co., Ltdr (irregular).. ' ',. Co.. 12- . 10c ? (N. Y.) preferred preferred ' Reliance 1 12- 12-11 $1 (year-end) pfd. 1* ,12- 12-15 11-20 15c "v;5% 11-30 12-15. Service 15c * con,v. 12- 12-23 4 25c, (Interim) Co. Real Estate Loan Co. of Canada, Ltd. Reliance Grain, Ltd., 6V2% (W. Mergenthaler / f.: .12-15 , 20c . Electric 5(4% 11-24 11-25 .. Brothers Stores 12-15 $2 $2 (year-end)— __ — /.,:;'k... 4Mi'prior "preferred (quar:)vr._._.i_... $iy8 6'.k, preferred (accum.).* V--.LJ .75c Edison Products Agricultural 4(4% 1-8 *. Mines Merck 11-23 12-15 Eagle LPck Co.-V——r——..—25c :/ 11-24 $3c Co—! 12- 5 11-23 : 50c 37(£c ' Eastern Gas".& Fuel. Associates—v'/- 12-12 - 7 50c —— McKesson & Robbins, 5(4% pfd. (quar.) Merchants Refrigeration 7% pfd. 12-15 .1-25 Screw 7% - 12-14 : * Maui . 11-30 $1 (year-end) 11-20-/ 2,^ 1-15 25c (yr;-end! Masco McCahan 11-17 12-1", i$lV4 12- 10c • — Master ..-'V; . - .12-10 11-30 $1% & Chemical preference 25c ' . 11-17* 12-28 Inc. 12-11 75c (I.).& Co. (quar.)— ' Mangel Stores Corp.* $5 conv. pfd. (accum.)/ Marion Reserve Power, $5 pfd. (quar.)—— 11-25 12-20 50c -V (quar.) ' Trucks, Magnin 11-25 (quar.)._k___.v_ de Nemours preferred 3 1 / 85c (quar.)." Mack 1 12- $$1% Dpyle Machine & Tdol $4 Vi 12- 15c /7% preferred, (quar.) Du Consolidated 12-15 Casting Co. (interim!r;. Textile Copper Magnet 12- ... Domingue?: Oil .Fields' (mcnthiy)__l/Lr;__-!: Dominion Envelope & Cartons (Western)— ,7/4 1st preference (quar. Dominion Magma 12-18 •'* 25c preferred (quar.) L„r_7L_Pepper Co. '(year-end) Dr. 1 12V2c (quar.) 6% Doehler Die 12- 12-5 12-10 75c Co.- (quar.)_iv._: Stores. .Corp. 8 12-15 $2 * 12- 12-15 (yeaT-end)_-:_v;._ii.40c Brook Corp Devonian Oil Diana Inc. Bound 12-22 11-12 12-23 12-10 12- 1 v Louisville Title & Mtge. (s-a)_——__r'V, 10c 12-10/.■ 12- 1 /; Extra—".—15c 12-10 V 11-25 V ; Lusk Royalty Co._*u— lc 12-10 ' 11-25 V MacLaren Power & Paper/—— J25c ; 62V2c ; 1 I- 25c . „ 2 11-25 $l3/4 1 12- (quar.) convertible Extra , . 12- 10c Ltd. ;7% preferred (quar.)_ Pullman, Inc. (quar.) ____/___! 12-12 . 2 & Wine preferred Pure 12-11 1 I- U0c Investing Co. (Phila.), origv stock, (s-a) stock (s-a)______f,, ! 6% 12-15 t50c ' 8 12- pfd.__61 27'100c Indemnity Co._ Savings Society of Detroit— .Common .12-21 62(4c pfd. (quar.)„!__!„__!! Liberty Aircraft Products Corp.. Ky.) (quar. >; !_!™_!™™:_!____!_™_ /. 15c,;. 12-15 ; 11-30 . Liggett & .Myers Tobacco 7% pfd. (quar.)__ Connecticut Lightl& Power 'Co.™™™™ Lion Oil Refining (quar.)— 55c:, 1- 1 12- 5 ; Consolidated .Film Industries $2 pfd.__:!_____ "'/ V : t25C 12-28 V 12- 4 /"■ Liquidometer Corp. ,!_!__!___!—!—/'/' Consolidated Paper Co. (quar,)™;;:.;::;™ Louisiana Land ii Exploration—_!!—!!!_!_ ... 25c 12- 1 1.1-20."■/ Continental Steel Corp, (year-endr $114 12-21 12-10 * V Louisville & Nashville RR. (year-end)!—_ Commonwealth 2 2 Screw Public Service 4 > 1- partic. 'Cashable Public 1- 12-11 12- 2 Norristown RR, Mines.! convertible Public 12-31 12- % 5% "12-23" 12-14". 2 .1- 10c Gold Valley Common «, 11-20 ,17(4c & Preferred. Accident. Insurance 1 12-15 (quar.) (quar.) Development, Protective 12-31' ■ , 1- 12-15 45c $1V4 $i>/2 pfd. ■ 1 Provident Loan & . .(D. L.) Co. (year-end)_™_™™_™ Cleveland Cliffs Iron Co. $5 pfd. (accum;);. $5 Transportation Crow 1 12- $1.06'4 (accum.) 11-30 $1V2 Pleasant 12-11 12-15 ' - 12-11 2 12- Corp. 12-11 1- 12-21 Co. 1 12-23 , , 12-10 25c Piper Aircraft Corp. 60c conv. pfd. (quar.)_ Pittsburgh Brewing Co. $3.50 pfd. (accum.) Pittsburgh Forgings Co. Pittsburgh Oil & Gas Co./r..„r./,.„,;! 11-20 12- 12-29 Trading Corp. class A Pickle 11-28 12-10 preferred Philco • 11-27 12-15 , 25c (quar.)T__/_, (quar.)_____^.___!_____„ com. Philadelphia 1* 12-15 12-24 " of Rec. tirregular)___^_^__ (quar.) 12-15 —— Holder$ 12-15 Philadelphia Germantown 50c Drug Co; Co. When Payable Co $134 Stores $6 preferred 12-15 1- Milk 4Va7e 50c $1%' Drug Mfg. Petroleum & 50c ; Salt share Company Philadelphia 12-24 12-11 Pet Interstate Hosiery/ Mills./—25c Johns-ManvilLa Corp. cora:_V_——I—50c C■ r 1 12-12 ; 60cf; .1- 2/12^12;' pfd: (quar.)_n_;_'^.75c 12-21-" 12-10 ' Pennsylvania 12- —— Name of 12-11 1. 12-31 (resumed) ' 25c (year-end)25c Corp. Per 0/ Reu. 12- $1(4 1821 Holden 12-1 •' $37(4c pfd; (quar. i* qonv. A (year-end): ^ International, Salt Co: Katz 11-13 When Payable Special ' 12-12/12- 1.' - . common ' !.;!___.::_-™:_™____ //'/ 16c„ 11-20/ 11-10 :" ; Canada Crushed- $tone- (ljuar.):r---l^_kL__; ■'•'*•' $l0c ;,,12-15 ;/ -12- 1 Canada Foundries & Forging,-class A (quar.)*'--$37 Mac 12-16 -12-1 „* ''Class B, j;$l Va / 12-18 ^ 12- 1 / : Canada Permanent Mprtgage-(qUar.)!__:.-___ //$$2 1-2/12-15 / Canadian interhatjkmal Investment Trust—■H'"t • •<;/ ; / 4,5% preferred 1 accumulated). / $50.c: 12- 1;/ 11-15~ •, Canadian Western1 Natural -Gas," Light, Heat: " ' ».?<<;* ///'J Color partic.' pfd. Acceptance' 5% International ■ V (s-a)__^_/——:r_/:VV copy, non-cum. Interlake Ckllaway Mills; v& Power Co.' "$1(4 per $hare ' y. $iuc Industrial •. 10-15 " ... (Leased Lines)— '/'Extra ' ' * Name qJ Company V Imperial Varnish & >'L±- •' 11-12.- 50c ' ; 12-, 4 12*5' ■ • - • Illinois Central RR. Co. ■ , Jt-28 12-15 ,25c V ; ,11-25. 12-21 ' 15c:- ___ . ' 12*10 MiHs;;Etd.:(Triterimrrr„:-vii.-_r_ :'':; uoc' v- Billiard .Cbnipank ^yoar-erid)_-^-Ul>u_'i;*_:_-,_ '.Burgess Battery Butler.. Mfg, 'Co._lli_-i-_„_"— /'/ Butte .CoppeF s/Einc-!.!!"-::™!'™.-Cbble & Wireless (Holding); Ltd.— " Holdert ii---..,*,Mpab&Wt .iron .Co/™/™---/-.,.,.,.™; Brooke (E..G.) When ■ Abbott's Dairies Steel Advance Co. (quar.) — Castings 6% Corp pfd. When Payable Holders of Rise 25C 12- 1 11-16 — 75C 12-12 11-13 — 12'Ac _________ (quar.) Aluminum Share (quar.)_— $iya 11-25 11-12" 12- 11-20 1 FINANCIAL CHRONICLE' THE COMMERCIAL & 1322 Name of Company (quar.) pfdv Tft Wood Preserving, f$l^- — 12-23 12- 1 11-10 20c 11-25 11-10 15c 12-30 12-14 50c 12-15 11-28 15C 1-20-43 12-31' $ 1 Mi- 1-2-43 12-17 Laboratories Allied Mills, Inc Allied Stores Corp., ■ *—_ ____ common——,— preferred (quar.) Mfg. Co.——,J common (quar.) 5ft 7 BUffalb 1* 12-22 12- 12- 5 11-14 1-2- 5 11-14' $lMa (payable (quar.) 12- Aluminum Industries Aluminum Common (quar.')—, Tft pid. (quar.) 11-30 12-31 12-15 50C 12-31 12-15 12-15 12- • Manufacturers, (quar,)- ■ 11-17 12-15 $1% U. S. funds) 1 15c 25c preferred 6% _____— 12^»1 11-12 . ^ Chneo - * —^ :t share 6%- preferred (quaf.i_4.l__ Inc.'4MBft preferred (quar.)T__ Press. When Holder9 Payable of Rec., Per . , Cushman's inc,, Sons, 1 ... •.'• • Dayton Power & Light, 4M2 ft pfd.. .(quar.);_i De'ero & Co., Tft preferred (quar.)____:2_l-l_ Dentist's Supply ' Y.) (N, 7%;< preferred ; 11-16. „ 11-20 12-, 1 " • 11-14 12-1 11-23 11-14 11-30 11- 75c ■$1% +$2 12- 11-20. 12-15 11-16 30c .' • $2 12- 1 11-14 1-5-43 12-19 12-23 12-23 1 11-20 ■ • (quar.)___ common 12-15 1 12- :'$3c Lli Mines, Ltd._____2^___ Delnite 12-19 '11.-27 1-44* 35c 50c class Delaware Rayon, 12- 1' 1 12-15 il'Mi't ■ 12-10' 12-24- t$3M2 preferred-.: I'M 11-,,7 ' 12- 2 $2 ,'l'2-23•. $lMs '••12-15 V " 1-2-43 $3 (interim), J$P/a. Ltd. (s-a)iliLi--- ' Curtis; Publishing Co;,* prior prefcrred___^L-.-f25c Curtiss-Wright-Corp. (year-end.) "4 $1 -'* 25c ■ Coal, Pass Cunningham Drug Stores—* 67f( class A prior preference1 11-17 a • Monday,.November 23, 1942' Forster & Crum 11-14 .11-14 12- 1 11- 5 Bunte Brothers, 5V preferred (quar.)__ $1M4 12-111-23 Burlington Mills Corp. common •(quar.)____• < ,35c <r ;l?r 1,-;.11-16: $2.50 conv. preferred (initial quarf.)___i_ , 62yac 12- 1., v 11-16 "$2.75 conv. preferred (quar.)_____—: 68%c\... 12: 1 li-16 Burroughs'Adding Machine (quar.) 15c- 12: 5 10-30 12- 1 Bush Terminal Bldgs.,, 7Me preferred |75c 12-10 11- 6 Butler Brothers, common-,,»'■■■.., .15c-v;i2-_l 11-; o 5ft convertible preferred (quar,)37MaC, 12-* 1 12- 1 Butler Water Co., I'M preferred (quar.) .. $1% .t: 12-15 Byers (A. M.) ,Co.— ' -•••'' 7ft pfd; (representing the quarterly div-'--. \ • 7$? . & (quar.) trating w Aluminium, Ltd., (Los Angeles) (quar.) J. Sullivan Mining & Concen:; Inc. Hill Bunker ■ 25c -.—1 Allis-Cnalmers Bullocks, " ,65c 50c end), (year Company Forge Nest Crows 11-25 11-25 11-25 '• 'r * • Name of Company 11-20 12-15 - 8c ■ • • Payable, of Rec. .. '2c . : Holders When ... $.1 , . Extra 12- $1% Per share Company Buckeye Pipe. Line___ Buell Die & Machine (quar.) 12-19 12-20 35c Allegheny Ludlum Steel, common Tft preferred (quar.) —_________ Allied Finance Co. (initial)— Allied 12-29 1-1-43 $1 Mi (quar.) — pref. Super Markets,. Inc. Albers Alberta Name of . o/ Rea. Pay'ble •. .■ Holders When Per Share , (quar.) . Derby Oil & Refining, $4 conv. preferred—i < Detroit Gasket & Mfg;,. 6^ pfd. (quar,)"____ ' Detroit Hillsdale & South Western RR. (s-a); 2 , ^ 7' 12-23.. 12-23 •. , (St. Louis) Automobile Insurance American — Co. Chicle American (quar.) 11-16 12-1 $1 12-15 —____ 1 American Export American Lines, common^ American Electric Co. (quar.) com. preferred (quar.)—. American General Corp., $2 pfd. preferred $3 preferred (quar.)__: Hide <fc Leather 6ft Investment American 1 11-13 1 11-13 75c 12-28 12-15 20c 12-1 11-14 IOC 12-28 75c 12-15- 15c 12- 1 li-20- 50c pfd. 1 12- 1- 2 12-18 62M2C 1- 2 12-18 30c 12- 1 11-20 (quar.) (monthly) (s-a) (111.) Co. common..,. (quar.) convertible preferred (quar.) American Machine & American Metal Co., Ltd., preferred ;— ___. preferred (quar.)— Rolling Mill Thread American Co., Class B preferred (s-a) —; 12- 1 12-16 convertible preferred (interim) 10c 12-16 11-16 11- 12-15 12-1 11-10 75c 12- 1 11-10 12- 1 11-20 715c • $1 1 Atlantic 1 11-20 ' ' 25c 12- 1 11- 9 $1 12-15 12- 1 20c 12-10 11-23 $1% 12- 1 11-23 $ 1M2 12-1 11-13 1 11-13 ____ Mines Gold Aunor Automotive Works, Gear Avondale convertible preferred $2 Bank of ; -- . Bank of Toronto (quar.) 11-13 ; 11-30 " 1 •11-16 1 11-20 1 12- 1 11-14 7c 11-16 11-16 2 12-10., 1- 2 $1 12-31 12-15 ______ $3 12- 10-31 2 1 ' 1 1 11-14 1 11-15 ' < 11-25 10-31 • 11-20 ' Kodak Co., J25c ' $1V4 (quar. (quar.) common 11- 1 ; 11-10 6ft 11-27 ; Brewing interest^__4____i:2,_1__. preferred Corp. com, (s-a)_-_1_^__w_i.____„^^,__ preferred (quar.)_ (Syracuse, N. 11-10 11-30 11-16 Federal 12-15. 11-25 ' • . t 12- 1 • 11-10 ,12- ,1 , ' Shops .com. Bake (qUar.)__,__ . ' 1 ; 12- 1 1 12-15 L_—$lMa 112- 12-15 $1 : . 12-15 12-1 ; 12- ; ,.12-15 . ;.12- 12-15 1 11-16 11- 12-1 11-16 ;V 12-1 11-10" 12- quarterly ________________ Barber (H. W.) Company (irregular) — Barber-Ellis Barlow & Canada of 12-22 12- 12-15 11-30 1 11-16 30c 15c 12-9 40e class A (quar.) 12- 12-30 - Barnsdall Oil Co. (quar.)— (year-end.) Bastian-Blessing Co. A Class (quar.) t25c — (extra);—— 12- 125c Bathurst Power & Paper class A 12- 1 Gold Beattie Ltd. (Quebec) Mines (quar.) 6ft Beau Brpmmel Beaunit $1.50 preferred Beech-Nut Special Belden Ties, Mills, Inc., • 11-25 11-14 4-1-43 3-18-43 12-18 12-15 1-2-43 12-11 4-1-43 3-12-43 Class • .. River 1-2-43 12-15- 1-2-43 12-15,, Berkshire $7 Fine •' ■ B . Extra1 (quar.) 12-31 12-14 12-31 12-14 12- , Bibb 12-1 11-16 2 12-15 11-25 11-30 11-16 2 12-15 (Bklyn.) Ltd. 1- $1 _____ ___. 7$1 + 1- $ 1 3/4 1- 2 $2 (interim) 11-25 1^2-31 12-31 12-15 , 12- 1 1 11-21 1 11- 12- 1- $1 & 11-16 12- 1 Amer. 12>15 1212- E.), $3 preferred 12- 5 12-15 12- 1 * 11-25 11-16 12-22 12-12 12-22 12-12 : -12-22 12-12,. - Brazilian Traction Ordinary 1 12- 12- 3 75c 1-2-43 12-10 11-24 50c 11-25 1D16 11-25 12-1 11-25 160c 12-15 12-10 12- 1 ?$lMa 1- 2 . Columbia Electric Ry., 5 ft Brockway Motor 2 Ma ft pfd. (s-a) Brown Fence 8s Wire,, class A— Brown-McLaren Brown Shoe Co.. Mfg. Inc. Co.— preferred . ——_ 11- 1 3-5-43 12- 1- 11-18- . — 11-20 12-15 12- $ 114 1- 2 30c 25c ' (Del.) (quar.)_ - (quar.1^__, — pfd. (quar.) 4 Sl^V$ls/a $1% • (quar.) $4 preferred 1 12-19" (quar.) Co., common 1 11- 5. 12-' 1 11- 5 12-4 1 11-15 . . , Ift- ' 12-, 1 12-10 12-15 11-36 11-10 11-14' S31 preferred .iauar.) convertible a Petroleum Creole IVheeler Crocker .Common (s-a) 11-16 12- 1 11-15 12-15 Electric Cork &. Seal prefei'red $2.25 Dwg Co., Co., 7'.^ & 1 ir-i4 12-28 12- (quar.)—— Granby 12-20 11-20 pfd. (quar.) 1-2-43 12-15 Class 12- 1 12- 1 11-10 12-15 11-30 Corpv_ 25c 12-10 50c - .12-15 62M?c 5 -15-43 _________ prior pfd. (s-a)_________ Co; (year-end) Consolidated Mining Smelting & Co., Ltd. (quar.) (payable in U. S. Indemnity Co. ; 12-lt12- S 11-13 11-13 , 11-17. 11-20 11-20 a 11-12 .11-11 , . ;12-15 12-15., 11-15 , 11-14 ; 11-10-, 11-10 . 11-12 1-11-43 11-17 11-16' 11- 9 11-20 11-14 A 12- I, 11-12. 50c 12- 1' 1 11-13 10c 12-15 11-20 12-15 11-20' J75c 12-31 12-21 12-31 12-21 1 11-20 $1 . Co.—. partic. pref. t 11-30 j;75c "50c (s-a) Paper . 11-14 12-10 11-10 1 11-17 • (N. Y.)—- • (accum.) ; Glass B parfic. pref. (accum.) Great. Northern Papev. ; : Griesedieck Western Brewery Co.— 5:M2ft convertible preferred (quar.)! , n-21 56M»c 12-15 11-30* 5c 12-15 12- Gulf Mobile &-Ohio. HaC'ensne'r ' 12- 7 ft Corporation common Hallnor Mines-, Ltd. Hamilton Watch Cla$s B' (quar.)_. (quar.) : — 12- 1 11-17 433/4c 75c $1M2 25c 710c 12-31 12-16 1212- (quar.)_ $1M2 California, cl.. A (quar.)_ 50c 50c Co., Hancock Oil'Co, of 11-30 ■11-12 (irregular) preferred (quar.) Brothers-Stores (quar.) 5 11-13 1 (year end) (s-a)_ preferred A (quar.) Hajoca 6ft $5 pfd. 34%c $2Ma 75c ' Wi.ter, Co.. common . $1^4 ;—- Co._ Great.-Northern Ry,. Co., preferred n-30; 11-30 12- - u-20 , .12-20 $lMr 11-20 4 W.) (H. Lakes Gfeat 12-15 .. . 12- 425c . 12-24 : ... Mills/ 5ft (Common 12-15 Hale Shares Corp:— Stores— Cycle Gossard . ' . - Power 7 1-2-43 * 11-20 * 12 25c . Great American . 1 .'. 11-16-. 1 Dredge & Dock— 11-14 3c (quar.) Forster Insurance preferred 12-15 12tl5 12- Inc.— common 11-24 12- V 1.1-25* 12- (initial) 12-23 11-30 12- 12-15; 10c A Crown Zellerbach Corp., $5 conv; Crum - 12-15 ' 12-21 11-14 25c ,12-31 _______ 12-1 87'Ac H.I 'Co4 Gor'ham -Manufacturing .12-31' Mfg.—• class ^ 6 11-30 , 11-14 preferred Golden 11- 11-18 (irregular Crown CanitaL Gorn,. Crown ... : 1 40c 15c 4 iquar.) 12-12 12- 12-1 (quar.)1-7Mac 12-21 Flintkote'Company, common (year-end)— 35c : 12-15 $4M2 preferred (quar.)_2___L_l___: _4__ $1.12Va 12- 1 Florida Power Corp., 1ft preferred (quar.)__ 87MaC* 12- .I : 7 ft preferred A (quar.) ,4 $1%; , 12- 1 Free port Sulphur Co. (quar.) 50c 12-6 Fruehauf Trailei; Co., common 4 35c .12- 1 -54' convertible ,preferred (quar.) ; v$lM»-.. 11-24 Gabriel Company (resumed)10c 12- 1 : Gomdy Bridge Co4__j_ . 4;* 30c , 12-31 Qarfinkel, (Julius), & Co., common (quar.) i, ITMaC ^ 6 ft convertible preferred (quar.) __4_—37.M2c. -,12-31 12r 1 General American Corp. (quar.) 4,.. 75c. 12- 1 General Cigar, Tft preferred (quar.)™ $1%, 11-25 General Finance, 5% preferred A (s-a)__— _; 25c II-25: 64, preferred B .(5-a) :. 30c 12-12 General Motors Corp., common... 50c 2-1-43' $51 preferred (quar,) .'_ .. $LM4;•General Shareholdings Coip., ; $6 preferred 12- 1. 4 ' (cash of 44/1 OOOtli share of com. stock) 7' $1.M2. 12- 1 General Steel Wares, Ltd. com. (irregular)720c 11-23 Tft preferred (quar.) .■_ ______ t$l3/4 12- 1 Globe-Democrat Publishing. 7ft pfd. (quar.) $1%, Goodyear Tire-& Rubber common 25c- 12-15 12-15 4 $5 conv. preferred (quar.) $1M». 'Tft t 11-18. 25c (quar.) - 12-22. . — *. 11-30 . . (St. Louis) , " i$l34. $l'/4, ; (quar.) (quar.)- pfd. A 87/aC $lMa $1 , 20c ' $1 • _ Corrugated Paper Box, 74 pfd. (accum.)—_ Crune1 Company, 5ft pfd. (quar.) Creameries of America Inc., com. 1 irreg.) Crown 12- 1 '30c (Chic., 111.) (quar.) participating preferred 74 2-23-43 25c 50c 25c '' Bank (M. Fitzsimmons Gosnold . 6 50c 12- .11-28 1 12- 50c (year-end) Co. Continental Steel 7.4. pfd. 11-20 5c . common (quar.)_ Can Continental Oil Co. 11-20 12- $1- — (quar.) Brunswick-Balke-Collender, $5 11-30 11-30 12-23 • ; — Continental. Telephone Co., 6M24 12-31 $1M4 (quar.) Brooklyn Telegraph & Messenger (quar.). 12- .1 12-15 r - .■■ — . 12-19 Sl3/4 37MaC Co Brooklyn Edison Co. _ . . 11-13 1-15 4 . ' British . 12-24 " 111.)—.,' (Chic., ' — .Extra 11-20 40c preferred <quar.)__ ft .Extra Continental. Casualty, Co. 10-24 50c .— ! 11-25" 12-15 4_ \ t37Ma-C (s-a) 1 Cook Paint & Varnish Brewing Corp. of America (quar.) Bristol-Myers Co. (interim) British Columbia Electric POwer & Gas— 6 Assurance Continental 11-16 50c 11-15 12-31 $1% . . 12-15 40c Inc. (quar.) Light & Power Co., Ltd.— ' 11-16 1 1 12-15 40c 4 12-15 1 Co. , 11-14 12-18 $2 (s-a) (initial) (interim) preferred ; Quarterly Quarterly' 12- 11-20 12- . Consolidated Edison. Ca of New York, Inc;— 12-22 75c ; 11-13 12-10 6ft Rubber, Extra- .- 11-13 - 12-12 ,12-22 . "Quarterly .11-23' - & Fltz Simons & Connell 1 •; 4 12- . Continental Borg-Warner Corporation. Boston Woven Hose & Rubber Brager-Eisenberg, non-cumulative $2.50 1 12-26 Cigar Corp.— preferred (quar.) — Consolidated Diversified Standard Securities— 74 . 1 12-15 50c (F. Consolidated 11-20 1 12-1 12- Fishman 1 4 12- .;.-25c f$1.05 class A'—-—— Tire First Nat'l Bank of Jersey City . , 11-16 1 SlMa Brass Trust of 1 $iy4 — Aluminum . 12- 2 Mac , (irregular)—r Consolidated Cement Corp., _ 12- 4 62M2C ' —,—,_:\4,$1M2„ — 12- $1 Ma (quar;) —4 Co. 12- ,. . BiscUit ; .12.-15 12-15 s ———__ (quar;) —— .64 .preferred 4 11-12 12-15 25c J3c . 60c.. " 55c ; , . Connecticut River Power Co.— 9 50c stock Investment — 50c — Bohn , $ 1 Ma Carpet common (quar.) Bird & Son, 5ft preferred (quar.)__™„™_ Birmingham Water Works, 6'ft pfd-. iquar.)_ Bishop Oil Company, (quar.) Bloch Brothers Tobacco 6ft pfd. (quar.) Blue Ridge Corp., $3 conv. preferred (quar.) Holders option, cash or l/32nd- share of Bigelow-Sanford 6ft preferred —.' — (quar.)— (quar.) Connecticut Power Co. Consolidated 1 12-10 $1 Bond 12- 1-2-43 $1% Ltd. Mines, preferred (quar.) $2,20 1 11-21 12- $lMa (quar.)'—Manufacturing Co. (quar.)-____—_*____ ————;—:—.— Connecticut Light & Power, $2,40 pfd. $1M4 — preferred Booth Extra ■ ; . Coniaurum 11-20 Firestone ... 4 . lf-20 1 11-28 i—tStV? (quiar.) ________ ' '* ;25c Quarterly Congoleum-Nairn, Inc. 11-20 $1%. (quar.) Life Assurance* (Toronto)— Confederation . V.60C . >. 1 12- 60c : 50c . ; $1Mi $l'.4 Public Service Co—, ■ ' 40c f , 11-10 $1 A B Community 12-15 13c (quar. : Spinning Assoc.— preferred common . 12-10 $1 37 Mac _ __. Co._ (year-end),— (year-end>:—Columbia .Pictures. Corp. (resumed) Columbian Carbon Co- (year end)— Commonwealth Telephone, 5ft pfd. (quar.)_ 11-14: 11-16 Class Class 11-30 12--1 11-14 12- Fuel & Iron. (quar,)_____n——— 11-16 ' 1 ,12-15 15c . . . l___: c • First National . J.- . IOC (quar.)___ $5 convertible preferred (quar.) Bethlehem Steel Co., common.— 7ft 12-15 . 15c 37 Mac. _—_ Mines, 11-28 11-20 12-1 "".™25c Columbia Baking, common (year-end) —, 4 $1 $1 participating preferred (quar.) —4 ■ 25c Participating :_—,$1" Columbia .Broadcasting System— 4 .. r . 12-23 175c Belding-Corticelli, Ltd., common (quar.)__ 1ft preferred (quar.)— ——— Bell Aircraft Corporation (year end)________ Berens 6 12-8 12- .1 4 $1%, 25c (quar.)—62.M>c preferred. A Colorado .' ■ (quar.) Bensonhurst Nat'l Bank 11- 1 , 1 Inc Packing .—1 1 , preferred (quar.)—; _i_______4 " v, Inc.,. common (quar.) Colonial Stores, $5 12-31 $1.06V* $1M4 . 12-15 ' 1-1 50c25c 1 , ■5V% ft preferred (quar.) , (Lima, Ohio)—, Finance 5 Ma % t 6 725c common____ Manufacturing 11-14 11-19 11- 7$3M2 Ltd., class A (resumed)—— (s-a)„ 1st preferred— : 2nd' preferred Colonial ; 73c — Beatty Bros., 7% 5~ 50c U2Mac- (quar.)—; Seelig Mfg. Co., 11-14 1 12- SV/z Reduced Colgate-Palmolive-Pfcet— , $4.25 preferred (quar.) .____—_I Collins & Aikman; 5,4 conw. pfd; (quar.)— 11-16 1 11-30 . (Montreal)-— Canadienne Nationale Banque 6 12-22 $2M2 $2 Ma (s-a) Y5c. Federal Light & Traction Co., $0 pid. (quar.),$IMa. Federal Mogul C°rP°t'ation (quar.)____—__ v , .25c Federal -Screw Works (quar.)_j___i_-i—,-4 25c 56 Petroleum Corp.-——— 2c Finance Co. of America class A (quar.) ___, 15c -'V Extra.— i-,.' 5c '.5-15.: 6-1-43 I'¬ 12-19 ' . ' 1 ; .11- 2 1 12- 1 12- ll -20 1 1-1-43 ,5ft »preferred 31M4C ' 75c] 12- 12- ■ Y.') (quar.)-,___^___-_n___ Quarterly ______ Faultless Rubber Co. (year-end)______ ^ . 11-13 1 12-10 15c V'; 3c $1 Mt. Farmers & Traders Life Insurance 11-14* 11-20 11-25 ' 12-10 25c (quar.)_____ 12-28 ; r 12- $1M4 25c 25c '50c' ■ Fansteel Metallurgical, $5 12-15, ; 11-27 12-5 • 12-11. 12-15 Fajardo Sugar Co. of Porto Rico (quur.)_— 50c Nickle Mines (irregular)JlOc Falstaff 12-5 11-10 • 11-25 12- Falconbridge 11-10 11-16; 12- 1 50c 50c : common Cob W, Gregg;(quai\),___'__'__'___4.__-_: ' Fairbanks Morse 8s Co, (quar.)i ._4__j_ 6 11-10 1-4-43 ~ t75c convertible'preferred______l Co., preferred. A 11-14 1 $1% FUtter; 9-15-43 12-11 12-15 ! 75c 60c <quar.)____ Eversharp, Inc., 5ft preferred (quar.)______ Ex'olon Company :___ 3-17-43 } Industries, Ltd.— beneficial of Ctfs; 6-16-43 ' 11-104 12- 1 1- 2 1- 2 11-25 12-28 $1V2 ' (quar.) Musical & Railroad $5 1 11-10 registered ' ■' 6ft Ely, & Walker Dry Goods, common___^____,.._25c Empire & Bay State Tel., 4 ft gtd.' (quar.)'__ $1 Emsco: Derrick & Equipment (year-end) ____ , 35c preferred Equity Corp., $3 12- 12- Manufacturing Erie , $1':!4 Tft 12-16 5 12-15 ;"!■. $1V2 ■■■ 12-1 $1.62*6' 12-1 :'Ordinary 11-20 12- 11-10 Electric 11-10 12-17 $1M2 .____ (quar.) preferred 11-15 .12- 12-1 12- 11-16 - , , '':'$IMb-' 1-1-43 !_____ Eaton 11-20 12-31 12-27 12-15 15c 30c ' El Paso Natural Gas, common_L_______w__^_ 1 25c (quar.) (quar.)_____— Products Steel Eastern 6 ft : 4, $50c ' preferred (quar.)' $6V2! preferred (quar,) 12-15 Year-end 1-14,f 11-20 Shore Public Service Co.— 11-30 '' • (quar.): ts-a) 12-1 1-20-43 Interurbaii Water— & 1 12- 50c (year-end) class A . 12- '' !____—_ common__„_. "6 ft 1-15-43 A (s-a)2_, $3 ———-—$13,30; Cockshutt Plow Co., Ltd. common (s-a)„a__; v- *25c. Common (Sra) ; f25c? : Louis St. 12-15" . ,• Coca-Cola International Corp., cl. 12-16 12- 7$2Va 1 1- t$lVa f$2Ma ' . 5 12-10 12- 11-16 ... 1 12- * Lead Co;, com. (year end)J_L_ Vo preferred- l(qUar:)__^^i.iM_42i-^:_4l244.J 1-1-43 , Company, ,common___ ,Common 12-15 12- 2 1- 11-20 1 11-25 75c $1',^ $1M» ' 75c $1M4 Co;____—; preferred 54 :1st 11-30 1-15-43 12-18 $30c 4 , 11-13 . 1 12- 50c : Electric— Corporation, Eastern 12-21 V 12-14 (quar.)______,_________J_2 ;;' / 37MuC. Tractor Coca-Cola 12-31 , 4' » 11-20 25c 4-15-43 25C-7-15-43 25c-10-15-43 11-24 ■ —- Coast .Counties Gas &, 12-10 . 12- Investments— Piclier 64' prefeiTed '.7ft. .preferred . ■11-20 • 11-30 12- 25c • ' - — Co._— 9 11-16 11-30 . 25C.; • Regular1, stock Cleveland 1 1' 1- . (quar.)_w—; guaranteed^ (quar.)_ Special 12- 60c _______ ' 12- 1 $lMa _ quar.) "6 11-16 12-15 $1 ' , Cleveland & Pittsburgh RR:— 11-20 $1% (s~a)_.: (reduced 1 12- 15c Co. '■ 12-15 - Corporation —___—— City of New Castle Water, 6ft pfd. (quar5-_. City Water of Chattanooga, 54 pfd. (quar.) Clark-Equipment Company, common. ,5ft .preferred (quar.—-.4— . 12- 10c •-'» Quarterly y4c 41 (quar.)_._—___ (reduced quar.) Scotia Nova T 9 11- 1 ; Chrysler 11-20 12- ; — Chile Copper 1 50c common: Bank of Ainer. Natl. Tr. & Savs., com. (quar.) Bank of Montreal 12-12 11- 1 $3 $3 — Quarterly 12- 1 12- |4c pfd. (quar.) Bangor Hydro-Electric Co. com. (irregular)* ,7 ft .1st preferred (quar.)—— 6ft preferred (quar.)__—• Radio Eagle Eastman Quarterly' 12-10 75c monthly,™ Show, Inc:,6% Mills, 12- Cotton Oil Chickasha r 12-15 $iy4 —— - Baltimore Dfavo 11-17 11-14 12- preferred .(quar;)__i__a.___^___^v—"$1M2 ' Chicago Corporation $3 pfd.^__'__.4_iu__-w ,, f75c Chicago Yellow Cab Co.—i_.— —-2— 25c 6 12-15 2-1-43 Sl'A $$l'/4 — ;5ft preferred (accumulated) 11-17 11-30 6ft / 12-15 $2 Ma (quar.)-- $1.65 convertible preferred Dominion-Scottish 12-19 12- (quar,)-; (irregular):__t__2____l__'___ Ltd. (quar.)il_':_l____ 5 12-15 1-2 ; preferred . ,5-ft .preferred 12- 11-23 $l-%.; $1M4 ... Champion Paper & Fibre, common__________ '• 10-30 1 12-15 $3 " . 12- 12- $2 y2 15c — 11- 12-21 37 Mac (quar._ Co.________ 11-25 t$7 _________ preferred 6ft Powder 12- $1% Refining Co., common Corp., - Dominion Bridge Co., 11-23 $1M2 25c Central Paper Cot (quar.)w_._____^__l™_ 15c Central States Edison, Inc.,——__—10c Century Ribbon Mills, 1% preferred (quar.)_ $1% Chain* Belt Company25c 11-20., 12- " ' (quar,)- Light & Power, $6 pfd. Steel Products : :_ Ohio Central , 11-13 10-31j Anglo Investment Corp., Ltd.— 1 v $1'Mb 50c ________ Investment Corp,_— Central Ohio 12-10 _____ .. faccumulated.) -jLui preferred Central ' 12- 2 preferred, (accumulated) 6 ft •; 1 1- - Atlas $6 - 12-15 $1% Topeka & Santa Fe Ry. Co. (inc.) (year-end) Atlas 12- 12-21 • 50c (year-end) — preferred 12-10 $1' Atlantic Gulf & West Indies-com. non-cum. 12- 15c (quar.)'________— Dry Goods, 6ft 1st pfd. (quar.)_ Tft 2nd preferred (quar.) — '7% 2nd preferred (clears all arrears):— — Astor Financial Corp., 75c 1st pfd. (s-a) 2nd" issue 11-14 1 1st 5 ft 11-30 75c — (s-a)—_ preferred (-s-a-) 4Vt'M pfd. (quar.)*_ Caterpillar Tractor Co. (quar.)___^___— Central Arkansas Pub. Ser.-7% pfd. (quar.) Central Foundry Co., 5%„ preferred Central Illinois Public Service— 80c 80c issue preferred 5'ft 11-30 1-1-43 50c preferred 5ft 11-28 East Central Illinois Light,Co. 6 11-30- 50c 12 Vfe c Associated Atchison '5ft Rbilroad Co.-— Catawissa 4 75c (quar.) common . 11-16 ___________—__ Armstrong Cork Co., common 6 12- • 11-23 20c (Del.), Tft pfd. (quar.)——- Co. & Artloom Corporation, 7% $1% preferred (accum.) $3 Farms Co., 4ft 12- l__ .__ Dominion & 11- . 12-28 ———— (quar;) Archer-Daniels-Midland Co. Dome1 11-6 . 4 11-13 1 11-16 preferred (quar.)____2J_l_;i_-:_______l;f$lV2' Mines, Ltd.. ' ;L__4^-L_'_4'' ' $40c '6 ft 11-16 - • 15C common...—.—— Cotton.Mills, Amour 12- ;— Anglo-Canadian Telephone Co;, cl. A (quar.) Angostura-Wupperman Corp. (year-end) —— Anheuser Bush, Inc. (year end)_—— —_ Arden 12-15 2-10-43 12-1 12- , _ , —_ — 5% Co., American Tobacco Arcade $l3/4- 11-13 3-1-43 participating preferred (s-a) . 75c common (irregular)50c 8ft preferred (quar.) .1 ____^ $2 Dierm& Wing. Paper, 5ft preferred (quar.)__ $1M4 Distillers Corp.-Seagrams, Ltd. com. (quar.) 155M2c 5 ft' pfd. (quar.) ' (payable in U. SV funds) $1M4 Dixie-Vortex Company, common (irregular) • 25c Class A (quar.)!_____ : : 62M2c Dominion Foundries & Steel; Ltd.— 4 12-15 _ - • 11-30 12- 6ft , 11-20 ____—_ Foundries Steel American 2 1- 485c * 12- 1 425c 12- 1 - 425c 12- 1 Class B (interim)—.'— ' -4 25c 12-23 Canadian Malartic Gold Mines (quar.)______ ,"42c 12-15 Canadian Oil Co.'S, Ltd. (extra>)_' J20c-: 12-15 Canfleld Oil Co., common (irregular)—v' V . ,$l 12-23 6 ft preferred (quar.) : v'v $114 Carman & Co. class A (quar.)—________■: 50c H .12- 1 'Class B 25c. 412-1 4 4 Carolina Tel. & Tel. (quar.)__^;_____4^__u - ■-■$2 . ,12-10 11-20 Smelting & Refining, common—_ American 12- 1 Co.,-common—— (year end)—— Common (quar.).._____ $3.40 convertible preference Fairbanks-Morse Co., Ltd. (irreg.) Canadian Industrial Alcohol, cl. A (interim) 11-18 12-1 ______ i. 1 ri-20 1 50c 37M2c common_________^.l_Ll 11-20'/ ' 1 12-12 12- $1'M4 , __ Canadian 12-10 12- 25c pref. (quar.).— Standard Sanitary— (irregular) Common American 12-28 ;j_'__l_ ___ ■ . - ;■ Co., " 25 c . 111 (:quar.) 12-1 Dictaphone Corp., 11-17 t$lM4 -^12- 1 (quar.) Co. Match Diamond : participating preferred Canadian Breweries, Ltd.— common-J A 12- A' commpn__ilZ__ preferred qqupr.) 12-15 , - 11-30 12-15 " 11-30 - , $lMa __ —.— _i________i,_,__x—' " |.$1 _ f$1.62M2 6Ma Mr preferred (quar.)— Canadian Bakeries1, Ltd.— • • 1 20c Paper Goods, Tft American 12- 50c common— (quar.) American Radiator & 7ft - Foundry (quar.i Metals (resumed). American Machine & 6ft _— (year-end) American Laundry Machinery Co. Class A: quar.) „ 12-18 ■ Class i;i^__l_l__2l-__ <•" $1% • "1. 25c (quar.) R'ay-nolds; class & Diamond Alkali . - • :. $2 preferred '5ft 11-13 12- of Delaware, com, preferred prior Canada 12- 50c 62M2c —— _____— Corp. Insulator corp. 'Convertible (quar.) conv. Products American Extra 9 75c' Am. Home 12- 2 1- Canada * : preferred ,,7'/o D'evoe the quarterly dividend due :• , * ■' ' •' and interest thereon) t$ 1.8521 •12-29 12-15 Ltd-. (s-a)__ ;_ - -• - f20c • -12-14 12- 7 & Dominion :Sugar-Co., Ltd. (quar.)-,,r $20c 12-1 11-14 Dry Ginger Ale, Inc. (quar,) . 15c 12-11 11-25 Vinegars, Ltd: (quar.)—ilOc 12-1 11-16 i • 410c 12- 1" 1,1-16 Wire & Cable Co., Ltd., cl. B (quar.) $50c 12-15 11-30' Canada 11-19 $1.183/4 — 11-17 1 12- Bud Breweries, Canada 11-25 12-15 — . (quar.)— American 12-15 40c a, t Detroit-Michigan Stove Co.— ■ . 1941, 1, Nov. Canada 11-25 12-15 f90c thereon) interest • 1 t S1.05 4% ■ft $2.50 12- 12-11 50c v,.'V'-' t$i.8667 and 1941 (Representing 11-25 . ______ Gas & 12- 12- 1 Power Co., $6 pfd.__— & Foreign preferred- $7 12-15 $1% — • •' 1 50c pfd. A (quar.) American Envelope Co., 7% ly Aug. due • ' 12- $1.75' of idend • $1.37M2 Capital Corp., $5M2 pr. pid. (quar.) American 1 6ft preferred 12-15 12- 12- 1 1 11-14 1 11-14 12-1 11.-16 12- 1 11-16- 12- 1 11-13 12-1 11-16. 1 11-16- 12- Volume Number 4127 156 THE COMMERCIAL & FINANCIAL CHRONICLE Per Name of Banna (M. A.) share Company- Co., $5 preferred Barbison-Walker Refractories, Hazel-Atlas Hazeltine Glass Ltd. Co., (quar.) Corporation 12- 11-12 hunxenneimer Co.— 1 1-6-43 12-24 12-24 12-14 Macassa 12-24 12-14 Mackintosh-Hemphill $ 1 Va 12-1 11-16 Macmillan $1 12-15 12- 25C 11-25 11-15 $1*A 1-2-43 50c 12-15 25c 12-16 1 $1.57 (monthly)- 15c 11-27 12-24 1-29-43 1-19-43 125c 12-21 12- 12-1 11-14 12- 11-14 Hinde & Dauch- Paper Co. of Canada Hires (Charles E.) Co. (quar.) Hobart (quar.) __ 30c (quar.)-—___—__ 37 %c 75c Monthly 12-21 Ltd. (A. -7% • Electrochemical C.) Co. (quar.) ,___— partic. pfd. Horn & Hardart Co. Houston (N Y) Light & Power, Humble Oil & (quar.) Huntington 5% Fibre 1-2-43 12-15 * 11-18 15c 111-30 12-21 12-11 40c 11-30 11-13 Power Co., 5% Assurance Co. (Toronto) shares 9-26 11-16 1 1 12- 1 $1% 1- 12- 1 preferred Battery Kalamazoo B Co. 5% (Julius) 50C Kendall Kinney Klein Co. (D. Emil) Knudsen 00c & 12-15 12- $iy4 (quar.) ___, ______ 12- (H. $ i y2 $2 prior pfd.—. _4__' (quar.) pfd. — 12- tsiy4. 62'/2C preferred 12- 1 - Class Montreal 11-10 1-20 Motor Wheel Mount Diablo 11-14 Mountain preferred Electric Leland Salt Leslie Co. Mountain Producers Corp. Muncie Water Works, 8Vo preferred Murphy (G. Corp. Murray $1% 2-1-43 1-15-43 12-15 12-5 1-1-43 12- l 12-1 12- 11-14 1 / 11-16 12-15 Extra 11-25 VI50C 12-11 $iy4 _ 11-30 20c 12-1" 11-14 (Richmond, Va.) — S3 — 25c common——.. (quar.) 12-31 12- 12- 1 , 25c 12- 5 (Nashville, 12-24 • 1.11- $iy8 (quar.)——_ ; (quar.)—— _ $1 Extra B Lincoln 7% Extra 11-9 Link Inc., Lionel 12-14 < preferred (quar.) Corporation (quar.) Nebraska Power Co., 8% RR. •• 40c 12-1 11-2 Class B Extra — 1 11- 12- 1 11-10 25c 12-1 11-10 Class 12- 11-10 7 r/o _— 30c $1% 12- 1 1 12-21 , 2 — 12-1 11-23 11-23 1 50c 12-1 1-2-43 ->11- preferred Star Gas 11-30 11-12 11-24 50c _ 12-10 12-10 11-24 12- 11-10, (quar.)_ t25c — ti2yac 12- 11-10 $25c 12- of interest & Taylor, 6% 1st pieferred (quar.) 12-15 State 1 11-17 12-15 11-27 12- 1 Newberry 5% (J. J.) 1 1-2-43 / 11-25 12-15 12- 12- 1 12- (quar.) Nipissing Mines, Noranda 11-30 11-20 Norfolk 12-31 12-21 12-22 North Pennsylvania RR. 12-15 11-25 North River 25c 12- 1 ,11-20 $1'4 12- 1 11-27 6% 12- 1 11-20 12- 1 12-1 11-12 12- 11-12 1 11-19 11-21 12- 1 11-12 12- 5 10-20 $l*/2 12- 1 11-14 1 11-20* • ,2*4% . RR. Co.— pid.' (quar.) (year 1 11-20 20c 12-23 11-20 —1*4% 12-23 11-20 12-15 12-15 12- 11-15 $l3/4 — — a share ___— Co., 7% pfd. for (quar.)_, $1% class A preference Ogdensburg t37*/2c Ry„ & Alexander, Inc., preferred Steel 2nd 5% Car, preferred East 11-20 12- 1 11-14 12-1 11-14 25c 15c — 12-15 12- 1 (quar,)_______ 70c 12- 1 11-19 ____________________ 75c 12-1 11-19 1st pfd. (quar.)_____ 12-14 6*/4c 12-29 12-14 $5c (quar.) 12-29 62y2c (quar.)_„____ Mines Dome Gamble Inc 11-30 $1% guaranteed 5*4% pfd. (quar.)_ common (quar.) 1 $l*/2 Power, 1-15 12-23 ________ Canada . Finance Service, $6 $l*/4 12-15 $l*/4 5% pfd. (quar.) preferred (quar.) of 11-25* 12-15 12- $l*/4 Bank 12-1 11-15 3 (Montreal)-— pfd. (quar.)_;.__ $l*/2 12- 1 11-30 preferred preferred (monthly)-,:— (monthly)_______— 41%c 12- 1 11-20 50c 12- L 11-20 preferred (monthly).——— 58*4c 12- 1 11-20 Service 12-15 preferred of Indiana com, (quar.)_ (quar.) of New Jersey— _________— $5 preferred 25c 12- 1 11-14 $l*/4 12-1 11-14 $1*4 12-15 11-13 —50c 12-15 11-13 $13A 12-15 11-13 $2 12-15 11-13 t$l*/4 1-15 11-25 (quar.)___—_— preferred 6% (monthly) preferred preferred (quar.)__— (quar.)——) — — prior preference—,— Bakeries Corp ________ (year end)—, preferred (quar.) Power Co. ;___ ' 80c 12- 1 11-16 11- 2 $l*/2 (quar.)_______—_—, 12-10 11-20 1-15 11-20 12- 11-30 25c 12-15 11-13 $25c U-25 10-26 12-1 11-27 11-18 50c 12-1 11-16 $i*/4 2-1-43 1-15-43 6% 11-16 30c 11-30 12-15 11-20 $2*4 12-19 11-30 11-23 11- 2 $1 11-25 11-16 12-10 11-25 $1 30c 12- 1 12- 1 11-13 11-25 10-31 11-16 t87*4c t75c 11-25 10-31 25c 12-21 12-10 12- 1 11-20 50c 12-10 11-19 Steel $25c 1-15-43 I-2-43 t40c 12- 1 II-16 1st pfd. Corp.— preferred preferred B (quar.)_ Ltd non-cumulative conv. —_ preferred (quar.) (quar.)__ 37*4c (quar.) 30c 11-25 11-10 1 11-20 11-25 11-10 12- 15c 2-1-43 1-15-43 15c 2-1-43 1-15-43 25c — (quar.)__,——____—___ 12-21 12- 1 $1*4 preferred preferred D — — (quar.) 1-1-43 12-10 $1*4 25c $1% 1-1-43 12-15 12-10 12-30 12-15 37*4c 12- 1 11-20 $1*4 $1*4 12- 1 12- 1 11-12 11-25 11-12 $1*4 12- 1 11-12 t$l*4 (quar.) Paper Co., Ltd preferred (auar.) —— Roxy Theatres, $1*4 preferred (quar.)__ Royal Bank of Canada (reduced quar.) Oil Co., Ltd. <s-a)___ Royalite Royalty Income Shares series A,—_——_— (quar.) Rustless Iron & Steel Corp. com. 12-1 11-16 37*4c *$1*4 *50c .00021c 12- 1 12- 1 12-1 10-31 > 15c 11-25 12- 1 12- 1 11-30 11-25 12-10 12- 1 12-23 11-14 11-14 10-31 11-25 11-25 62*4c $iy4 15c 50° $1*4 $3 $1V2 12-23 12-15 $1.62*4 7% debenture C (quar.) $13A 7*4% debenture B (quar.)_—$1.87*4 8% debenture A (quar.)— $2 1-2-43 1-2-43 1-2-43 1-2-43 12-10 75c $l*/4 12-10 11-12 12-10 11-12 convertible preferred (quar.)— Saco-Lowell Shops, common (irregular) Safeway Steel Products St. Joseph Lead Co— St. Joseph Water, 6% preferred (quar.) St. Louis Bridge, 6% 1st pfd. (s-a) 3.% 2nd preferred (s-a) $2*4 Savannah 6*4% 1 25c 25c non-cum. — 12-23 f$l — B——________ _____________________—____ Rolland 12-10 $1*4 $1 Class Inc. Republic Steel Corp., common 6% 12-10 12-14 $1*4 Co. (quar.) Rochester Gas & Electric 5% pfd. E 6% preferred C (quar.) 11-30 25c 1 Co. Rochester Button Co.— 11-30 12-15 12-23 (quar.) preferred of Colorado— $1.50 convertible preferred Electric— Bancorporation 12- , ■ —— (quar.) 6% prior preference A (quar.) Reynolds, Spring Co. (resumed) Rich's, Inc., 6*4% preferred (quar.)— 11-12' 60c (quar.)___ (reduced) Northern States Power, 1% preferred-^ Northwest 1 12-10 25c __________—_— $1.50 Company, <fe 6% 6 (quar.)__ Northern Pipe Line 11-20 share held) Electric 6% •r 6 North American Aviation (irregular). 1-1-43 20c 12- 1 11-30 $l0c $1 $iy4 12-15 " 11- ' — & 11-20 10c 'Republic Insurance Co. (Texas) Republic Investors Fund—6% preferred A (quar.), 11-13 11- (Interim) Mines, (quar.) 1-15-43 11-30 t$l3A — preferred (quar.) $l*/2 11-30 1 — 11-10 Water & $160 11-20 12-15 -12-1 ' ______ 11-13 $4 preferred 1 112-1 $l3/4 • 11-10 11-20 6 2-1-43 12- Reliance 1 $1.27*4 12- 12-10, 11- 2*4c ^___—____ (15/1000th of Regent Knitting Mills, 11-13 $1 12- t$10 11-20 11-25 1st preferred__—— (quar.) dividend Reading Co. 4% Gas— Co. 11-20 1 11-17 Rayonier, 111-10 $1 (quar.) Insurance 11-30 1 12- 11-20 Quebec 12-2 75c com. ti2yac & 1 12- 12- I Quaker Oats Co., 6% 11-21 87*4c , Newport Industries, Inc. (irregular)/ Newport News Shipbuilding & Dry Dock, com. ' $5 convertible, preferred (quar.)______ Ltd. com, Quaker State Oil Refining Corp——,_ 12-22 12-12 12-15 tlOc (quar.) Ltd. (quar.) Western Railway com. 12- t$4.12*4 ' 11-20 25c Lt. & Power, Co. ,.common preferred A $1 $1*4 $1*4 12-15 Purity ' 11-20 12- $1*4 Co.-(resumed) & 11-10 1 12- 5% 12-11 12- , 25C Elec. 11-21 12- Puget Sound Power & Light Co.— 11-20 12-18 $13/4 $1 pfd 11-14 $3*4 (quar,) 5.107f..preferred.(quar.)— Northeastern 5% 11-30 25c (irregular) common...— preferred non-cum, York 1 12-18 $134 10c 8% 11-13* 11-14 25c $2 (quar.) (year-end) Longhorn Portland Cement Co.— 5% participating preferred (quar.) Participating Lord $5 New 11- 1 $1*4 $7 pfd. 7% 11-30 75c (quar.)__ RR. 12- $1.27*4 1 $3*4 Randall ;_ Central 11-16 ' 11-30 $1 _______________ — (monthly) v. Co. 25c — ■—- Inc beneficial York 12- 11-28 " $2 participating class A_ New York & Queens Elec. 11-12 11-30 Long-Bell Lumber Co.— Ctfs. New 9 12-15 $ 1 VA * 5% 11-12 25c Cordage, B preferred 30c endl_____ Public 11-16 $1% . 12-15 15c Bedford 2-5-43 31*/4c preferred (s-a). Public Service Co. 11-10 1 27*40 New England Public Service Co.— $6 prior lien preferred (accum.) $7 prior lien preferred (accum.) New Jersey Zinc Co. (irregular) 11-17 $1.10 (quar.) Pipe Co., common Common (monthly) 8% New 1L-10 12- $1.62 »/2 — — Groceterias, 12-1 12- 50c — Nestle-Le Mur Co., 12- 75C „ Lock-Joint Lone Extra 12-15 2-15-43 Public Service Corp. 12-1 preferred, (quar.$1.3/4 preferred (quar.) ' ' $1*4 (quar.)^ 25c 40c 3c —— 11-17 Neisner Brothers Inc. 2 Co.— Extra- 11-25 Neiman-Marcus Co., 5% 11- ... Original capital (quar.) Special guaranteed (quar.) Loblaw Groceterias Co., Ltd., cl. A Loblaw 1% 11-10 11-27' ....— (quar.)— 12-17 $i*/8 common v.t.c.. pref. 11-16 1 35c — Bessemer & Lake Erie preferred 5% $1% __________ 11-21 35c Miami Little preferred (s-a) 11-20 , < 11-25 25c (quar).. common (quar) Belt Co. (quar.) 12-15 ... preferred 6*4% Corp. 12-1 ' £. common Insurance Company ; (quar.) Nazareth Cement Co., com. 25c . Co.—. 12-28 25c Steel 12- 1- 2-43 6% 12-11 ' .. _____ National 11-20 75c — Stores, 12-15 $13A — (quar.) 12-15 $3 (quar.). 25c (quar,) Petroleum Tenn.) 50c 11-12 f Public 10c National Linen Service Corp., 9 $1% Quarterly— 11-20 (Del.)25c Accident __ ———... — Corp. , — Extra Lincoln 12-1 50c _ (quar.).. Special Liggett & Myers Tobacco, common Class 1-2-43 50c ___ ——— Liberty Aircraft Products Corp.—...; ... & 25c (s-a) 1 11-12 Provincial 11-14 ' 25c Natomas Company. 1 1 15c ... — Life 12-10 pfd. (year-end)__ Prosperity Co., 5% 11-16 12- 12- 35c _ ... National 12-21 (quar.)_____ 12- 7% Folding, Box com. (irregular)_____ National Gypsum Co., $4.50 pfd. (quar.) National-Lead Co., 1% pfd. A (quar.) 11-2G 11-30 1 Procter; & 1 $1*4 -National 12-2 ' 12-15 l S3 America— (quar.). Container 11-16 11-30 12- Pressed ' -National 1 12-1 12-15 12- Preston 5c Co. ___• 11-28 12- 11-15 50c Prentice-Hall, 11-21 50c (quar.y___.__.___ National Brush 12- 1 11-15 $1*4 Powdrell •• 11-15 12- $l*/2 (quar.) —_— 5 ' 12- 12-1 of 12-15 12-15 50c ■ National Automotive Fibres, 6% pfd. (quar.) National Bearing Metals, common.-.. National Biscuit Co., 7% pfd. (quar.) 11-16 12-15 Co. (St. Louis) Narragansett Racing Association (year-end) Nashville, Chattanooga & St. Louis Ry.— Irregular' 12-24 25C 25C 30c 11-15 2 12-1 5% America, (year-end) Mutual Bank & Trust Co. 11-14 ; $l3/4 — 11-17 $2 Muskegon Motor Specialties, $2 class A (quar.); Muskogee Co., 6% preferred (quar.)._._ $iy4 11-15 50c 11-20 11-10 12-18 $$1% 11-20 . 2 12- 12-10 6% 11-30 12-8 12- 15c Portland 11-14 30c 1 40c Potomac 12-31 12-3 11-16 12- Co.— Pollack Paper & Box 12-11 12-10 1 (irreg,)_ Poor 12-11 12-15 11-16 12- 11-28 (quar.)__ Peoples Telephone Corp., 4*4% preferred____ Peoples Water & Gas, $6 preferred (quar.)_ Pfaudler Co., 6% preferred (quar.)__ each 11-10 2 75c 1 t30c 1 1-15 l- 11-30 (quar,). 1-2-43 — (interim) 12- 50c 12-21 12-1 12-10 (quar.)_—_ Pennsylvania Electric Co., 5.10% pfd. (quar.) 4 11-10 1-2-43 (quar. $iy2 Chemical Switch 12-19 12-29 12-31 6*4% (quar.) convertible Stock 11-10 1 lc (irregular).. (s-a)..... 11-20 preferred 1 $l*/2 (Utah) 11-16 6% 1212- 25c 11-27 Mutual A Plymouth Oil Co. & Development— Supply of 11-10 t3iy4C 50c (quar.) Corp., common (quar.).. 12-14 12-14 12- 1 $2 (quar.) 11-30 12- 11-25 $2.25 (quar.) 12-11 15c 1 75c 40c 50c 11-20 12- $2.25 .....—.—.A Co. Co. Mills, 12-29 Pittsburgh Steel Co., 5*4% prior preferred-Pittsburgh Youngstown & Ashtabula Ry.— 7% preferred (quar.) 1 12-1 34%c , 25c Lexington Water, 7% preferred (quar.) Libbey-Owens-Ford Glass Co.______________ Life Savers Corp. C.) 9 11-14 (accum.)—$1*4 Pittsburgh & Lake Erie RR 11-28 75c - Quarterly ■>/? ("-I (quar.) (year Dry Goods Co. Fuel 12- 11-24 1 12-10 Pittsburgh Coke- & Iron Co.,, $5 11-10 12- 11-24 12-21 1-14-43 — Oil Mng. 1 11-30 50c Corp. 12- 12-19 12-15 12-21 6 flc Telephone, common (quar.)—,, class $1.25 G'fi 11-20 20c (W. R.) Finance 11-16 1 2 24c ... Mortgage Co. Moore Motor & Woollen Pittsburgh 11-20 1- 11- 2 50c Pillsbury Flour Mills (quar.) Pinchin, Johnson & Co., Ltd.—. Ordinary registered (final) 11-25 12- $1% 1 I 1 1$1 end)_._._ 11-10 Lehigh Portland Cement Co.— 4% (irregular)..., Tool 12- . 1 $1% (quar.)________ Inc.. 12-10 2-1-43 12- 12-12 1 12- 75c (interim)— Pilgrim Exploration Co. 2 $1.06 pfd. 11-25 11-16 ——__—— preferred $7 (quar.) & 12-10 $1 Society 5xk'fo. Loan 12- 11- 12-22 • ;. 50c Co., Ltd. (year A 11-14 12-12 11-25 l$l34 preferred Mining Co Phoenix Hosiery Co., 7% 11-24 1 5 12- t$l Phillipsburg 11-14* 12-15 12-15 25c • Montgomery Ward & Co., common.. 11-30 : Mercantile Co. Common 11-25 Sl'/a Inc., (quar.)... —.... ■ 10c __________ Monotype D.) 12-15 15c (irreg.)— com. (quar.)—. convertible 12-. 12-15 (irregular) —,_ Service Machine Loan 1 4c 11-12 1 6% preferred (quar.) Phillips Petroleum Co. (quar.)——____ Phillips Pump & Tank, class A__^ 6 12- 9c prior pfd. Mills, 11- 45c ... end)pfd. (quar.) .1 Monsanto Chemical Co., $4.50 pfd. A (s-a) $4.50 preferred B- (s-a)..'.^ $4 preferred C (s-a)...—;; Monroe 12- Machine (irregular)—.Secord'Candy Shops (quar.)— $4.50 Lee 7 12- (quar.) (R. G.), 1-1-43 Public Monarch 12- 12-15 Inc. Tourneau Carpet 1 12-15 Lawyers Title Insurance Co. 6% preferred (s-a) Le 11-25 Mohawk 25 c (quar.)_________—.— Lane-Wells Co, (irregular) Langiey's, Ltd.—, -1 7^r convertible preference (accum.)— Laura (Robert) 1 12-15 12-10 12- $1.37*4 Phelps Dodge Corporation Philadelphia Suburban Water, 11-27 12- $1 4y4%! preferred CAquar Mitchell 12- $1 'Missouri Edison Co. 1 .Missouri $l'/4 Lake Superior District Power, 5% pfd. (quar.) Lanston • 11-14 Stores, com. (extrg)_ . Hart. Inc.! 11-10 1-1-43 30c & 1 1-6-43 $iy4 ________ Lake of the Woods Milling, com. preferred (s-a)_— 12-10 25c preferred ' (participating) 11-25 50c Kuppenheimer (B.) &-Co.. (s-a) Laciede-Christy Clay Products Co.— 7% 12- $iy4 _ ____—— Lane Bryant end.) (quar.) $4 preferred B (quar) 12-, 1 SI !___ 3% special preferred (quar.)___; Kroger Grocery & Baking, common (quar,)._ 6 % 1st preferred (quar.) __———: 7% 2nd preferred (quar.)_ preferred 11-18 1 12-15 30c (quar.) common——— Landis Machine Co.— (yr. (accum.) Common 11-30 12- 50c $iy2 7% 12-15 (quar.)———, 7% pfd. Miller 75c (year-end) — preferred Co., common preferred (s-a) 8% 1 12- 5% Corp. conv. 15c Minneapolis-Honeywell Regulator—A, Koehring Company ———_________—— Kresge (S. S.) Co. (reduced) : 6%. Midland Oil Corp.,. $2 (irregular).. 11-19 $l3/4 & Co., 12-15 Products Petroleum 11-19 (quar.) (8. H.) 1- Tube Mid-Continental 12- Inc., 12-15 1 12-15 (Cal.), (quar.) Kobacker Stores, 12-15 1- 1 12-15 Co. 1- , 12-19 $1 ; com. Ltd. Pennsylvania State Water, 12-15 12- 25c Mines. Pennsylvania RR. 11-14 1- 67o preferred, series 1940 (quar.) $l*/2 $6 junior , preferred (quar.).— $l*/2 1% preferred (quar.)_•—$1% , : 5 12- 15c Creamery preferred Kress 12-31 25c $5 12- 12- $1 _ (G. R.) 25c $l*/2 .... 12- 50c Co., $6 partic. preferred A (quar.)_ _______J____——_ Kilburn Mills Co. com. (quar.).. (quar.)_w-__.^^___ 25c Parchment——— Co & Service Midwest Oil (year-end)—— (extra)— preferred conv, Kayser (quar.) Public 6-%' preferred 25c (quar.)— Vegetable (quar.) preferred prior Michigan 4 payable (year-end) Kaufmann Department preferred .Michigan Steel ; < 12-15 35c $1.20 preferred class A (quar.) Pennsylvania-Central Airlines Corp.— 1 12- 11-9 (quar,)——— 1212- 1 common 1 1 12- end)— 12-12 1- 1 $7 Co.— (year 12-22 $iy4 11-20 30c (quar.) Inc. (quar.) Electric Penn 11-15 $1*4 (quar.)__ Consol. Stow $1.40 1 1- $l*/2 Jamzen Knitting Mills 5% preferred Jones & Laughlin Steel Corp W. $1% 12- 1- 8 % Mfg. Co. vtc. 12-10 1 37>/2c common preferred (Peter), Peerless 11-20 1 25c (quar.) Petroleum- Inc. 12- 8iy4c 1- 11- 5% (quar.) $i*/2 1 K. participating preference preferred preferred Peninsular $1% 5 — • 11-14 $l*/2 12- Co., -11-14 1 (quar.)..,.-- 5 „ 12- (quar.).. 12- ___ 11-30 t$23/4 prior $1% preferred A Wilcox pfd preferred Nickel 5% Peck, 2C Scott. 6Va',6 & Textile Corporation— preferred Harvester, Jaeger Machine Co. 6'r $6 International Gas Peabody Coal, 9 $7 International Natural 12- '$6 ■■ 10-31 Corporation 12-31 11-20 1 Iron Fireman (s-a)v.u__J_;,$1*4 preferred 11-16 12- Intertype Paymaster 1 50c Silver Paul 11-25 $5 12-10 International 12-20 1st 11-20 12- 35c (quar.) 12-21 convertible 1 $i*/2 t$l*/4 — Manufacturing Co., Ltd., com. (quar.) TA 1 12- $1 (increaseu)_____ (resumed)— 1-1-43 1 12- Pen Co. $5*4 • ... end) 12- 12-15 Co. 25c (St. Louis) (year common 11-20 12- $i*/2 Extra Paton 11-12 1 $$3 Parkersburg Rig & Reel Co., 12- 12-15 tax - 1 12- $i*/2 (s-a)— $iy2 Metal 11-16 1 50c (quar.)—_ Parker 1 12- t$l3/4 (quar.) Co., 1 .Merchants Petroleum Co 11-13 — 12- preferred Park-Wilshire Metropolitan Edison Co.— 1 12- 12-1 (s-a) 12-15 11-14 50c (quar.)— Proof 1 Metal & Thermit.Corp., common......... T,'o preferred .(quar.).:.; 12-26 Bearer shares (s-a) International Products Corp, 11-15 30c 12-31 40c Interstate $ia8 $1 —— Canad. 11-15 1 preferred Rust 12- 5% 9-29 $1*4 less 1 11-18 11-14 12-15 $i*/8 (s-a) common 12- Mercantile-Commerce Bk. & Tr. (year end) Machinery (quar,)—— Institutional Group Securities— Aviation Group Shares funds 12- 12- 12- 1 12-15 25c 61st Parker 7'}> 12-21 58*/3c $5 preferred— 12-5 Quarterly.,, Mengel Company, - pfd, 11-27 11-14 41%c Pictures, Inc.— (increased) iquar.)_„__ Common 12-31 (quar.) (quar.) Paper, Paramount 12-31 Co., preferred 12-5 11-10 $l*/8 (Canada), 1 12-31 (s-a) Elevator Otis 30c 12-21 -a. 7% Oxford 25c ___ Cigar Co. 6A 2 25c 11-10 . ___ (quar.) 2 11- 1 $n/2 t$i34 (quar.)__ (year end) preferred preferred (quar.)— 1 12• 11- $1*4 (quar.)__ 11-20 12- 25c Equipment preferred-(quar.) $3.25 J25C 1 12-11 pfd. preferred Ontario & Quebec Ry. California— 1 1-2-43 11-28 12- 12-10 Co.— 6% Merrltt-Chapman Company shares of Co.,' 6'A Farm 11-30 15c 7% 11-20 12-15 12-30 7»/2c Tube, common (irregular)___ $1 preference (quar.43%c .Omar, Inc., 6% 1-2-43 I2y2c • Service prior •Oliver 12-31 12- Ltd., 5% 11-16 J25C — Registered Corp. 12-31 f$iy8 $6'preferred A-(quar.)_'-_i;j__.___.____L.. Acceptance $1.75 Okonite 11-18 12-15 $$l*/3 (monthly) G'v preferred (monthly) 7/- preferred (monthly) Ohio River Sand, 1'U preferred 1 $12y2c (year-end).____ 12- 12-7 12- $3c ... , . Assn.— Loan 4*4%' preferred (quar.)— Ingersoll Rand Company States common 12- 3% - ___ United Corporation, 12-31 1 1-2-43 (quar.7 pfd. common 11-20 1 1-2-43 f$1.31'A common Seamless 12-1 12- preferred-. preferred Ohio 11-16 1 1-2-43 (quar,)__._ Mercantile $iy2 : Industrial National Bank of Chicago— Common (quarterly) —; in Mines ■ 11-16 12- (s-a)u50c ... <s-a) Quarterly International Gold 10-31 - . — <s-a) Industrial Bank of Hartford International Lake 11-10 12- 12-10 25c $$1.11 1 5 11-16 25c $5.50,preferred B,(quar.)_. Melchers Distillers, 6% partic. pfd. 12- 11-10 1- $i»/8. McLennan, McFeeley & Prior,-class A (quar.) Class B (quar.) 6'/2% - 1st preferred .(quar.) 11-25 $ $ 3 3,4 Indianapolis Public Welfare Inland Steel Insurance 11-16 t75c Quarterly : Imperial Oil Company- Glass 4 12- (quar.) (quar,)-_._:_____v^_l Plate Extra 11-16 $i% . Registered shares .common 12- 7(/2c of Rec. $l3/4 15c Mills, Co., Public 5'o , 2y2^ Corporation Ohio ordinary 12-1 68 %c pfd. (quar.) Imperial Chemical Industries, Ltd.— -American dep. rets, for ord. shs. (interim) Life for Co., 7A preferred iquar.)—.. lOhio Power Co.,:44 V preferred 9 rec. Oil Holders Payable $1*4 Q'b 9 12- $i*/2 __ (quar.)preferred— 11-27 11- 11-16 12-20 12- 11- 1 12-1 Ohio 11-13 12- 12-1 $iy2 Ogilvie Flour 10-28 12- 12- 62*/2C — 10-28 11 25c pfd. (quar.) When share - Light & Power, 6% 12- 25c dep.- & Rubber Corporation, 12- (quar.j. of Company Phnrmacal Scotia Nu-Enamel 40c / (interim), McKenzie Red Nova 25c (year-end)•_ com. Co. -4y2%;; preferred - 11-23 f$l'/4 30c Illinois Municipal Water 6% Bearer t50c $1>A Corp., 6% preferred 6% preferred (quar.) Water, Iowa Imperial 12-5 ■ 25c Corp Extra 11-18 12-15 45c (quar.) (monthly) I'/o preferred (quar.)— Hussman-Ligonier, 5*4% conv;. pfd. Illinois 12-8 11-14 '-May Department.Stores...:.".'^.75cMcClatcjhy Newspapers, 7% preferred (quar.) 433Ac Mclntyre Porcupine Mines* Ltd. (quar.) i-55y2c . Norwich 11-30 11- Norwalk Tire 25c Garden Amer. Massachusetts , 12- 2 8%C ; pfd. common Refining Hummel-Ross (quar.) 12- : Masonite 4 12-15 6c Wall Products. Mead 6% non-cumulatiVe 2nd partic. pfd. (quar.) > Marsh — non-cumulative common Shirt Ltd., Per Name Northwestern Public Service, 7','c Q"c preferred (quar.) 12-22 1-2' 25c (irregular).. J— registered- 5 *i 50C (quar.) ____ Honolulu Rapid Transit, 6% pfd. (quar.)—— Houston Oil Co. of Texas 6% pfd _. Horn 12- *5c Dew, Co. Extra 'Co., 5 $1.80 (Henry) & Co., class A (accum.) Home Fire & Marine Insurance (Cal) (quar.) Hooker 1 • Holt Honey (reduced) 1 Mfg. Co., class A Hollinger Consolidated Gold Mines, Ltd.— ' Co., 1-2 $3 $1% (s-a)_... Marconi International Marine Communication 12-14 15c Ltd. Square Manhattan ' 11-17 15c (quar.) 'Mallory-(P. R.).&Co. 12-1 __ Mines, Extra 11-20 .___ preferred Madison 11-16 12- end) (accum.) 6V2% Lynchburg-& Abingdon Telegraph 12-11* 12-5 $2 ■ 12-24 5 of Rec. 12-15 1823 Holders Payable Mfg.' Associates '(quar.) $1*4 _ When share Name of Company / , Ludlow $1»A , ____ _ " 11-14 1-20-43 (quar.) Heywood-Wakefield, 5% pfd. B Hibbard, Spencer, Bartlett & Co. Monthly : of Rec. 15c _ (year Hecla Mining Co Per $l'/2 Harshaw Chemical, 4*/2% conv. pfd. (quar.)_ Hartman Tobacco Co. $4 prior pref. (accum.) Pineapple Holder» 12-1 25c common preferred (quar.) Harnischfeger Corp. com. (quar.) 5%' preferred (quar.)—____ 5% preferred 2nd issue (quar.) Hawaiian Payable $1'A (quar.) 6% ■ When Seers Electric debenture Roebuck Extra & & D Co. — 11-10 11-16 11-27 11-10 12-15 Power— (quar.) (quar.)__ -— 12-10 12-10 12-10 , Name 45c Extra (quar.)_— preferred (quarj-i. Oil Co. (Del.) (quar.) $4Va 11-28* $1 2-1-43 2-1-43 Co., $5 1st preferred (Initial) (Laura) Candy Shops (quar.) 12-10 12- Secord Securities Acceptance Common dividend This The 15c. 6% reported company announces last week it as 10c. 37»/2C 12-24 12-10 22c 12-15 11-25 25c 12-15 11-25 25C 12- 1 11-12 15C" „ (quar.) 12-10 11-17 _ B Class Servel, — (quar.)—J. Sharp & Dohme, Inc. (irregular) Inc. 12-10 as (quar.)—' class A Corp. . - — Co. (quar.) Shawinigan Water & Power Sheaffer • Pen Co. (quar.) 12- pfd. (quar.) (interim) Mines, Ltd. 11-25 11-14 11-25 11-14 12- 10-26 1 11-14 $iy4 12- 1 11-14 J30c 1-15-43 12-31 2c 11-30 11-14 60c 12-15 11-24 ! J5c Sonotone AAA — Pulp Co., 25c 75c 12-14 11- 12-15 12- 4 5c 12-22 12- 4 11-25 11-16 $iy2 11-25 (quar.) w_. .— South Bend Lathe Works—— ; Southeastern Greyhound Lines, com. .(quar.) 11-16 11-30 12- 37'/2c 4( S. U. 11-30 Waite • 11-27 11-16 11-14 ; $1 11- Walworth 6 11-30 Warren ' 12- 1 1-2-43 12- 1 1-2-43 12- 1 1-2-43 12-10 11-25 <12-10 t, ' 11-25 Gypsum Co. com. —- 5% 12-15 5% 11-16 Partic. 6% (quar.) non-cumulative preferred 6% non-cumulative preferred preferred convertible 6% (quar.) (quar.)—_ 6% preferred 11-16 12-15 '11-20 1 12- 50c 12-15 " 1 11-15 3- 1 2-15 12-15 1 of 12- 1 $1 12-10 35c 1-15-43 Oil Standard Extra 12- 12- $2 12-15 12- 12-15 , 12- 1 1212- 40c t$l34 1 1 12-24 11-16 Extra 5% 11-16 12-15 11-30 1-15 12-31 12-15 12- 5 40c 12-15 12- 5 $iy4 12-31 12-17 12- 11-16* —— pfd. Inc. Drug, (quar.) 75c (quar.)— 1 11-16 11- $iy2 12- 1 - 12- 1 6J/a% preferred (D. Class A (quar.) Oil Co., A.) 12- Oil Sun Co. Co. (quar.) j. 11-16 11-25 11-14 25c —— _ 1 25c 12-15 11-25 $20c preferred (quar,)-, (quar,) — .— 5c 12- 1 Stock dividend Sunshine 12- 1 Mining Tool Superior Co. & 12-23 Swan-Pinch Oil 5c Deposit receipts —— .* 6% Corp. International Swift —— 11-25 pfd. „ 12- 1 Industrial — 12-29 (quar.)— 1-1-43 1-1-43 (year-end)— (year end)——— 50c 55c $1 12-10 12-21 12- 1 $134 Vanadium-Alloys Steel Co.,-ij.——$1 Vapor Car Heating Co., 7% pref, (quar,)—, $134 12- 1 12- 2 prior pfd. 5% Works,, common (quar.)_'•_— 1st preferred , ■—— 12- 1 Tennessee Mines $1V4 _ —_ 1-2-43 25c 11-30 25c 11-30 1-15 ■ — (quar.) Ltd. 25c ——; Corporation vTerre Haute Water Works, 7% Extra Sulphur — pfd. (quar,), $1% Texas (quar.) Pacific Land Trust Subsidiary shares - Roofing Co., $1.40 . 12-21 Roller Aircraft Toklan Royalty class A Class B Toledo 11-19 1 , CERTIFIED • ' 12-16 ; Co.— Stationery Coal i7y2c 1 11-14 25c 12-14 12- 1 11-16 11- 2 Corp:—; 12- J50C >: 1 11-19 12- 25c 1 11-14 • 12-21 $iy4 1-2-43 50C 12-15 11-20 25c 12-15 11-14 1 11-14 50c 12-10 11-27 35c 12- 1 $iy2 12- 12- $1 Co Instrument—,—. Chlorine Products 11-10 1 11-12 12-26 12-12 $1% 1-1-43 12-12 (Wm.), $l3/4 1-1-43 $iy4 12- 2 11-16 $iy2 12- 1 11-10 t25c 1-2-43 12-15 $iy8 1-15-43 12-31 $iy» 12-15 11-30 1 11-16 1 11-10 preferred (quar.) (quar.)—,,.. common preferred (quar.), 7% preferred (quar.) (resumed) Water, $6 preferred (quar.) — (F. (F. W.), Amer. pfd. W.) — (quar.),', t$l3/4 Company,—! ' 12- 3% 7 11-: 4 12-14 11-27 12- $8 Wrightr Aeronautical Corp. (year-end Mines, Ltd., (quar.) Wrigley (Wm.) Jr. & Co., com. (monthly) , Wurlitzer (Rudolph) Co., common 12-12 12-7 .11-4 : 3% pfd. regis..: 1- 2 11-26 25c 12- 1 11-20 10c 11-30 11-20 $10c Wright-Hargreaves t 12- 40C Ltd.; 6% pfd. (year-end) deposit rets, for 6% . Youngstown Sheet & Tube, common,.—.— 5y2% preferred A, —.. — ' 50c 12-15 11-14 1-1-43 12-5 25c -.4 $1% 12-15 11-30 50c ; 12-15 12- I Youngstown Steel Door (resumed> Zlon's Co-operative Mercantile Institution— for this dividend. •Transfer books not closed tOn account of accumulated dividends. tPayable 12- 1 . funds, tax deductible at the source. resident tax. 2%.; a Less British income tax. Canadian in resident tax. 15% j Non¬ Tariff Act of 1930, the Federal Reserve Bank is now cer¬ BY for cable transfers in the different countries of the FEDERAL- RESERVE BANK TO TREASURY UNDER 1942, INCLUSIVE v TARIFF ACT OF 1930 . York 1 11-10 12- 1 11-10 12-12 : 1 Nov. 19 « * $ .297733* .297733* .237044* .237044* .237044* .237044* ' .297733* .237044* 3.228000 3.228000 3.228000 3.228000 3.228000 3.215033 2.215033 3.215033 3.215033 2.215033 12-12 11-21 i — .060600* .060600* .060600* .060600* .060600* .051525* .051525* .051525* .051525* .051525* .909090 11-21 1 •: .909090 .909090 .909090 .909090 .909090 .883392 12- 12- ; .060600* Free 12-15 $ .297733* .051525* Official 1 12-15 ■ 3.215033 12- 1-1-43 $ Nov. 18 Nov. 17 Nov. 16 Nov. 14 .297733* cruzeiro— Brazil, 12-15 .879609 .879921 ,879687 .879140 .881484 Canada, dollarOfficial— Official .570100*;' 4.035000 4.035000 4.035000 4.035000 4.035000 —. .570125* .570100* ,570100* .570100* Colombia, peso— England, pound sterling— .570100* 4.035000 • 4.035000 4.035000 4.035000 4.035000 .301215 .301215 .301215 .301215 .301215 .301215 .205725 .205725 .205725 .205725 .205725 ".205725 4.035000 4.035000 1 11-10 12-15 11-25 35C 12-15 11-25 Mexico, peso Newfoundland, dollar— 12- 75C 12- 5 11-20 12- India (British), rupee 11-16 10-22 12-15 12- 1 New Zealand, 60C 12-15 12- 1 Union of South ' 5% 41 %C 12- 1 11-20 50C 12- 1 11-20 58M»C 12- 1 11-20 Official .909090 .909090 .909090 .909090 1 11-23 6% The 11-20 12- $i 11-13 .237044* 1 25c (s.-a.) preferred (monthly) preferred (monthly) 7% preferred (monthly) 1 3.228000 *2C — 12- 11-18 .297733* Official 3c ._ 11-14 37y2c $iy2 Noon Buying Rate for Cable Transfers in'New Value in United States Money 11-25 11-10 1 5c - (reduced quar.) 11-16 1 Coke_„< NOV, 13 TO NOV. 19, . ——.— 10c (quar.)—,: & Electrical Australia, pound— 12- T5C (reduced) (s.-a.)——, Edison • 11-19 12- 12- $iy4 Bearing (year end) Corporation, Toburn Gold Mines Ltd. Steel 11-18 $ Official,———; 12-15 10c —— —■ (quar.) convertible preferred Timken Timm Oil common & 1 12- 11-25 NOV. 13 $10 —, end)—, (year Water Associated Tide Coal 12- $1 Pulp & Paper, 6% pfd, (quar.) Supply Co, (quar.) Products Corp., Ltd.— Tablet 12-10 Country and Monetary Unit 10c — (year end) Thompson Products, Inc., common $5 convertible preferred (quar.) Tilo RATES ...... 25c — Oil Coal & Virginia Woolwofth 12-21 requirements of Section 522 of the EXCHANGE FOREIGN 50c (quar.)— — Pacific Texas 8-15-43 tifying daily to the Secretary of the Treasury the buying rate world. We give below a record for the week just passed: 10c Gulf Texas 8-31-43 10c Foreign Exchange Rales Pursuant to the 11-15 $3c .— . Gold 12-10 Argentina, peso— (quar.) Extra Sylvanite $l3/4 Ltd.— Co., (quar.)— preferred (quar.) Sylvania 5-14-43 11-21 11-13 Sycamore-Hammond Realty— 6%% 5-29-43 Woolworth 11-20 75c 62(4c 11-18 37V2c 50c (quar.)— $1% ' i $iy2 11-18 11-25 (quar.)——— 2 2-13-43 11-21 20c (quar.) Die Extra 12-1 .. .. .. 10-15 15C —i.— 11-16 12- 11-13 '7% 11-14 $1%. 2-27-43 Wood Newspaper Machinery, prior pfd..,.— 11-14 10-15 5% Sunray Oil Corp., common ■ 7-2-43 3 . 12-1 Van Raalte Co., 11-14 . 15c 11-28 Iron 12- 11-30 Juice, com. ; Wisconsin Michigan Power, 4y2% pfd. (quar.) 1-2-43 4-2-43 7-15-43 $1 (4 Co., Insurance Dorn 11-14 $2 y2 ownership of Wilsil, Ltd.; (quarterly),. Wisconsin Gas & Elec., 4'/2% 5-25-43 10c Van 1 5 Ltd.— participating Sullivan Machinery — 6-10-43 40c Stromberg-Carlson Tel. Mfg.— Stuart 11-25 2-25-43 $2y2C 11-20 $1 (accum.)_ Strawbridge & Clothier— •6% prior preferred A (quar.)—— 12-10 $1.(4 1-15-43 $1 (4 4-15-434 , (quar.),——_—— Upper Michigan Power & Light— 6% preferred (quar.) —— > 11-20 ' 11-15 $i% $2 convertible pfd. Briquet. - • Van Norman Machine Tool Works 40c — Wallpaper Factories— prior preferred Knitting Co., 11-14 12- 12-21 Williamsport . Utica 11-14 1 25c Whitman 4 40c 3-10-43 • Upper Canada Mines (interim),—^, 11-30 12-15 12-19 40c participating conv. pfd. A (quar.),— •.< Universal 11-14 1 12- (quar.),, (s-a)_, Wheeling Electric, .6% J , preferred 6% ; 12- $1 6.4% United 11-16 12-15 37 %c — 12-15 — Extra Stott 11-16 $iy4 iStecher-Traung Lithograph, 5% • 11-16 11-25 ( 12-18 < $5 preferred 11-16 12-15 common,—— Corp.— participating conv. pfd- A (quar.)— _ participating cony. pfd. A (quar.).;— $5 1 12- $1 V5t $3 (quar.; Whitaker Paper Co., 11-25 12-10 t$3 $4 (quar.)——,,—————, (quar.)————.,—— — $5 preferred (quar.),,,—————— United Stockyards Corp., common .(resumed). . 12- $1 75c 50c (quar.),__ $1% Grape 7% (irregular),,_ 6.4% . 4 common,,,,,,,,,.,,,,, , States Sugar - 11-16 12-15 60c (quar.) (quar.) ^Sterling 12-15 25c , preferred Standard Wholesale Phosphate & Acid Inc. 45c 50C (quar.) • 'I 11-19 12-28 40c 1st preferred United •. 11-13 Wilkes-Barre Lace Mfg. Co. States Steel Corp., 6.4% 1 12- 11-14 Westvaco Co.— United 1 12-18 11-14 Weston 11-14 non-cum. 12-31 t96l/4C preferred (quar.) Union Telegraph Co._„ Westinghouse Air Brake Co.,„_, 12-16 8% 12- 30c 5% 11-30* 11-28 Rubber 12-15 . Western 11-30* 12-19 1-1-43 11-24 5 12-19 11-19 3 1 Westmoreland 50c 50C S. 11-20 30c (irregular) 12-» 11-30 Western . 3714c 5 12- $iy8 (s-a)—— (Ohio), common —_—.; Playing Card Co. (quar.) — Plywood Corp., $1.50 conv. pfd. (quar.) j U. S. Printing & Lithograph— '•••., • 6% convertible preferred A„ ——'v 11-21 12-10 40c $iy8 62yac ;— Standard Oil Co. - J.) (quar.) 11-20 12-15 f3c 11-30 Western 1-1-43 preferred „—— Pipe & Foundry Co. S. S. 11-25 1 11-10 S. 1-13-43 12-15 1-4-43 $8 U. U. $l'/2 12-10 "U. 11-20* 50c (N. Society Loan 3-10-43 1-4-43 — 12-15 $9 Western Auto 12-10 4-1-43 25c 11-21* 75c Co. : S. (clears all arrears) (Phila.)— ; 1-4-43 25c (quar.)———— preference , (quar.) 25c prior preference $8 }U. 11-15 12-21 50c (Del.)—,:—2—— Kansas U. prior \ 11-20 $1% 1—— — 7% 11-15 37%c (resumed) 7% 11-20 12- 25c Oil Standard Class A > 37V2c — ' 12- 3iy4c Sparks-Withington Co.— 6% convertible preferred (quar.) Spartan Mills (quar.)— -—; Spencer Kellogg & Sons (reduced)— Spiegel, Inc., $4.50 conv. preferred (quar.)_ Standard Accident Insurance Co. (quar.) Standard Brands $4.50 preferred (quar.)— Standard Cap & Seal Corp.— $1.60 conv. preferred (quar.)_ Standard Dredging, $1.60 conv. pfd, (quar.) Standard National Corp. 7% pfd — Standard Oil Co." (California) (year-end) — Standard Oil Co. (Indiana) (quar.) ' 2-15 $iy* Line Pipe 2-15 1 (resumed)——_.— (year end) _ Southwestern Life Ins. (Dallas, Tex.) Southern 1 3- 11-28 $2'4 11-17 w t$iy8 (interim) Corp., beneficial units West Virginia 1st preferred, (accumulated)—— U. S. Leather Co., class A (resumed). 1 22 Vic West / ; ... $5 2-15 1 33- $iy2 (quar.) Co. Pacific 11-15 30c preferred Southern •2-15 1 30c — preferred B (quar.)———. Southern California Water 5% pfd. (quar.) 6% 1 12- 30c (quar.) (quar.)— 6% 2nd preferred (quar.)— 6% 2nd preferred (quar.)——. Southern California Edison, Ltd.— convertible 6% 3- 30c 11-14 12- 12- preferred (quar.) 7% preferred (quar.) 7% preferred (quar.) 7% preferred (quar.) Wellman Engineering Co.__. Wesson Oil & Snowdrift, $4 conv. pfd. (quar.) West Coast Telephone, 6% pfd. (quar.) West Michigan Steel Foundry— 7% preferred (quar.) . 37>/2c Common i 11-20 12-15 7% 12-21 12-31 preferred preferred Welch 11-10 2 11-16 12-19 Common 12-15 1 1- 12-10 40c J25C pfd. Washington. Railway & Electric— \ ... 12- flOc ± (Northam) 11-16 12-12 $21/2t 1-10-43 22y2c 50c $1%- Ltd. Foundry & Pipe Warren 12-16 11-20 —_— Company, common Extra' 11-16 12-1 $iy8 (quar.)__„„ Brewery, 11-30 1 31»/4C 6% preferred (s-a) Warner Brothers Pictures Inc. $3.85 pfd 11-16 7-17-43 12-21 20c (quar.) (quar.) Walkerville 4-17-43 5- $iy2 (interim) Mines Ltd. preferred 11-10 1-43 37 y2 c • preferred Common 11-16 1-16-43 12- 37y2c (quar.) Walker & Co., $2.50 class A____ Walker (Hiram) Gooderham & Worts, Ltd.— 11-16 11-14 Amulet 4j/2 % 12-10 1 2-1-43 (quar.) - Walgren Company, common 11-16 7(4% (quar.)—— 7% preferred (quar.)— — U. S, Hoffmann Machinery— ; Common (resumed),,,, — U. S. & International Securities Corp.— 11-15 11-16 Ltd.— . 45c 11-14 1 . — Casualty Co. (N. Y.)— convertible preferred (s-a), S. U. . 75C ; 12-1 12-15 12- 1 11-30 11-30 12- 1 12- 1 12- 1 12-1 12- 1 . 11-16 12-23 12-23 40c Ordinary registered (interim)— United N. J. RR. & Canal (quar.),, 9 25c (quar.)_ common 1 Molasses Co., United . 12- 1 60c . 11-15 — preferred 6% 12- 1* „ 11-12 50c Corporation Soundview 12-15 12- $iy4 25c 27y2c 40c — ——— tiy2c 12-15 • 11-20 12-19 $iy2 — (quar.) Sigma Mines (Quebec) (interim)—.'. Simon, (Wm.) Brewery (quar.)_— Simonds Saw & Steel Co. (year-end)-—— Siscoe Gold Mines, Ltd. (quar.)— Sixth & B'way Bldg. Co. partic. ctfs Skelly Oil Co. (irregular) ...— Snider Packing Corp, (quar.)___ preferred $1 „ ——— 11-14 6 Biscuit of America, common (quar.), 25c preferred (quar.)__—— $1(4 United Chemicals, Inc.. $3 pfd, (quar.),,75c United Gas Corp., $7 preferred—— t$2% .United Gas & Elec, Corp., 7% preferred,—, t$1.17 United Gas Improvement, common———— 10c $5 preferred (quar.)— $1(4 United Light & Railways Co. (Del.)— 6% prior preferred (monthly)— >■50c 6% prior preferred (monthly)——. buc 6.36% prior preferred (monthly),—.——^ 53c 6.36% prior preferred .(monthly)— 53c 7% prior preferred (monthly) ;— 58V3C 7% prior preferred (monthly), 1 58V3C United Merchants & Mfrs. (s-a)—.-,-; 50c Extra— 25c 1 11-25 (s-a) B 11-10 50c .. , . Co. of Rec. Holders 12-30 37y2c 8- 2-43 Railway, 6% preferred (quar.),^ 6% preferred (quar.),, 6% preferred (quar.) Virginia Elec. & Power, $6 pfd. (quar.), Vogt Manufacturing Co. .(quar.),, — Vultee Aircraft, $1.25 conv. pfd, (quar,) Chemical Virginian 12-18 5% Sherwin-Williams Co. 5% — When 50c Viclc 11- United . 6% Shenango Valley Water, fSherritt Gordon 12-21 Class 1 50c —:—— 12- $22c (quar.) 12-21 25c (P. G.) 10C 40c 'Shattuck 1. (year-end)-v.— Union Tank Car Co. (irregular),1 United Aircraft Corp., 5% conv. pfd. (quar.).,, ;United Aircraft Products, Inc., com. (quar.) 5Va %■ convertible preferred (quar) United Amusement Corp., class A (s-a)— Payable t5c 11-30 "1-2 50c , was preferred Serrick . <• (interim)',,,! Ltd.. Ventures, : 11-24 12-15 11-24 - Company share Per 11-26 12- 7 12-1 $1% 10c (quar.),—_ Corp. Underwood Elliott Fisher Co. 11-14 12-24 10c - Co.,—1 Rubber Tyer Corp.— (quar.) South La Salle Street 208 1 1 12- $20c — (quar.)—,—t Name of ^ of Rec. Payable $66c $l>/2 (s-a)— Tung-Sol Lamp Works Inc — 12-. 1 — * Holders When . share < , (quar.)—— & Greenbush Assn. Troy 1-20-43* 12-15 $1 — Company Trane 1-20-43* $iy8 25c — — -Seattle Gas '* 11-28* 12-12 preferred $4 Seaboard ' 12-12 15c (quar.)__— Paper Company Scott pfd. pfd. 5y4% 6% 1st Elevators, Toronto Per .... Name of Company Holders When Per 1 of Ree. Payable Share of Company Monday, November 23, 1942 CHRONICLE THE COMMERCIAL & FINANCIAL 1824 .909090 .909090 .880833 Africa, pound,. Uruguay, peso— v. > .877083 .876875 .878958 3.227833 3.227833 3.227833 3.227833 3.980000 3.980000 3.980000 3.980000 3.980000 .658300* ;. .527340* .658300* .658300* .658300* .658300* .527340* .658300* .527340* Controlled Noncontrolled,. •Nominal .877500 3.227833 3.980000 pound .877083 3.227833 Free, .527340* .527340* .527340* , rate. Capital Flotations In the United States During the Month of October and for the Ten Months of the Calendar Year 1942 Corporate financing for the month of October was the reported for any month this year, the total smallest amounting to only $46,280,000, as compared with $58,882,086 in September and $200,711,420 in October, 1941. It is also the smallest total of any month since January, purposes/The bulk of the month's corporate emissions was made up of the $30,205,000 Long Island Lighting 1st Mtge. 3%% bonds series F, due 1972. Another issue of note ZYd% the $9,500,000 Alabama Great Southern RR. bonds, awarded through the competitive route to was 1939, when $16,312,232 was reported. With the problem assuming ever larger proportions and banks and large institutional investors expected to take a substantial portion of the many billions that must be raised over the next several months, prospects for an Salomon Bros. of financing first public offering of any railroad bond or note issue upward trend in the capital issues market are regarded slightly as the war slim. Of new the month's total, $2,434,300 or 5.26% was for capital and $43,845,700 or 94.74% was for refunding & Hutzler and associate. This was the (exclusive of equipment issues) since October, 1941. and the monthly average of the total over emissions for the 68.6%, comprising month four $31,780,000 issues was or ac¬ counted for through the private route. This compares with $14,765,000 or 25% of the total in September; $62,- 618,000 or 96.91% in August; $20,320,850 or 33.7% in July or 30.3% for the .Municipal issues for October aggregated $38,195,655, $12,365,191 was for refunding purposes. These figures compare with $33,626,671 for new money and $11,546,932 for re¬ funding purposes in October, 1941. of which $25,830,464 was for new money and Below Of $36,706,188 first six months of the year. we present a tabulation of figures since Janu¬ J940, showing the different monthly amounts of corporate financing as revised to date. Further revisions of the 1942 figures will undoubtedly be necessary from ary, time to is time, particularly as additional private financing brought to light in annual reports and other places. Volume 156 Number,4127 THE COMMERCIAL & FINANCIAL CHRONICLE summary of corporate figures by months, i. . r v. *1942— , New Capital Refunding - '$ January —* : Total > $ New Capital; ; 4 $ 82,846,364 ;— 87,185,826 56,708,875 18,900,500 75,609,375 46,549,770 <227,012,100 78,585,120 39,209,300 117,794,420 86,634,370 115,287,655 .J—' March-: First quarter 222,4*79,821 • I r <140,956,164 ' 363,435,985 , . ... — , <97,114,003 May— —1 . 103,091,600 ! June Second 18,527,000 Total - October, including brought out in that month. kind 35,469,718 137,994,832 257,345,640 103,799,050 135,326,541 453,135,463 "566,136,731 31,527,491 804,100;237 ——I 113,001,268 .. - 59,175,210 192,497,442 63,874,177 ; 197,102,123 260,976,300 89,787,130 84,280,300 October, 1942 90,916,785 -113,390,374 204,307,159 194,260,627 -417,673,232 611,933,859 Long-Term Bonds 138,513,000' 363,052,103 • ,9,771,328 101,476,480 111,247,808 158,733,668 378,254,222 536,987,890 , months 499,512,854 226,975,234 ' '271,734,936 (Issues Maturing Later railroads $9,500,000 Alabama ; * ' 380,373,444 1,035,660,652 1,416;034*,096 " 726,488,088 Notes Than Five Years) - series Six and 174,067,430 86,019,070 any Details of New Capital Flotations During 251,672,652 108,898,100 61,685,570 of ' . 1107,180,735146,650,400 76,827,430 issue every ;173,464,550 211,341,581 201,922,025 1 give complete details of the capital flota¬ we during $ 39,469,665 277,033,033 quarter. $ 115,641,003 5,806,500 " ; Refunding 273,561,870 i 46,004,059 <4~ . tions . $ 328,616,342 617,987 420 186,112,817 „' ■ } April— 275,687,665, ,52,928,677 --*1940 New Capital *'• $ —^ February : Total: | $ Below - -< Refunding $ 170,032,190, 1942, 1941 and 1940 -*1941—- ♦ 1825 99% 831,389,685 1,103,124,621 Great A, due and Southern Nov. 1, RR. 1967. 1st 3Vi% mtge. bonds Purpose, refunding. Price, Offered by Salomon Bros. int. & Hutzler, Stroud & July 86,628,380 133,697,550 64,618,000 327,402,743 , ,74.427.157 401,829,900 30,436,500 58,882,086 34,264,713 j 161,391,300 195,656,013 69*173,850 183,729,412 408,736,626 ' 322,446,837 731,183,463 27,509,976 58,600,000 6,018,000 —^— 28,445,586 quarter——„ 114,555,562 — - September Third 60,229,326 32,719,350 — - August , 47,069,170 - 49,833,450 242,447,950 Co., Inc., White, Weld & Co., Wertheim & Co., Weeden & Co., Auchincloss, Parker & Redpath and The RobinsonHumphrey Co* - 292,281,400 . 67,938,134 112,893,538 180,831,672 68,006,465 65,594,785 133,601,250 185,778,049 420,936,273 606,714,322 - - ; - *$750,000 Brockton months—— •— ' 2,434,300 „ ^- , Fourth qi1flrter.il..' Twelve :u months—:—L ♦Revised..-'.' -; ■ —- y .. 789,110,070 : •*.' . ,269,880,963 ; 198,495,874 V- f ',! ', : ' : » * ► —^-1-^,058,991,033 : • ' ; * ;.'•!< r t ' i r'1.'1 ••• i, -•••tii.'O. .- c-t »«.-• t » ■ • Treasury, Financing In October : - . v i haVe ' ' 2,615,594,396,1 'r > i v '} ' 1 i t ■?'", 1 j *. I * l 1.? * " < ' ■ 1 , „ j The October financing operations alii records, more" of the United States i —'— | , 5- < Co., . B,-about '- : j'!.'; by the Treasury last month amounted to • about C, about 1.92% a 1.07*%*- "> •• v. earn i ' '• ! i 1 ;•'! •■'"<- : i] ! { !';use of'funds '. ■ - < I ■' 'j » the Treasury sold and-series A V | ; j I < S , < : I* . 1-"' '■ '■ > i :t t ■ 1 - * ; • ; Type of : Dfltedi ; ; in October $2,035,131,000 Total first 6 Total Amount j . ,< ;':;-:^.; Acjcepted Security •• <*• 191 %% Treasury Certificates of Indebtedness dated Nov. 2, .* , - 301,758,000 day Treas, bills 300,056,000 its weekly July 15 91 day Treas. bills 301,186,000 150,073,000 Treasury bill offering from $350,000,000 to $400,000,000 July 22 in 91 day Treas. bills 351,861,000 150,058,P00 91 day Treas. bills '350,308,000 150,125,000 2% bonds- 2,097,279,400 U. Savings bds. 915,112,618 Treas. July JUly Depositary Treasury notes and $1,960,783,000 from the sale of 2% July Tax '' Treasury "bonds. '< - Total "j ;* ; 1 Aug $942,155,457,' although the sale of tax bonds- anti'n. : • Under the circumstances it is 5,007,96b,918 450,256,000 *425,000 352,511,000 150,400,000 day Treas. bills 91 day Treas. bills 350,648,000 250,692,000 91 day Treas bills V 352,409,000 251,726,000 $921,352,300. 91 2V2% 5 day Treas. bills 352,883,000 . Treas. bonds 1,236,107,300 ♦ of indebted. 1,^09,327,000 Savings bds. " Y05,498,769 Aug Depositary-.,bonds- 7,031,000 Oct. 31, 1941, the gross pub¬ ; * ; f: Aug.* 1 ; 1 - i $825,000 (Preferred , : Date Offered Dated Amount . antic'n; Tax C.) Williams / Total first , months——i,..— 6 V..'. 19,369,446,427 i.. Sep " Price Accepted {. , . ' •• stocks ' • 417,944,100 903,754,000 Stop 350,874,000 251,301,000 Price, 99,573,000 417,944,100 „ July 1: July July 8 I 91 days 91 days 3 , 99.909 001,758,000 671,366,000 ;9 91 day Treas. bills 351,288,000 300,380,000 $50 holders. to day Treas. bills 402,059,000 300,993,000 101,066,000 % Sep 23 91 day Treas. 400,037,000 301,249,000 98.788,000 91 day Treas. bills bills - Sep 30 " 21 Sep Sep 25 *0.365*; Ctfs. 1 Va % July. 15 91 days 650,704,000 301,186,000 - 99.908 Treas; 91 days ' 697,266,000 351,861,000 , 99.907 *0.368 July 24 July 29 j91days 645,242,000 350,308,000 99.907 July 15 9% yrs 3,849,495,500 1 10-12 yrs 915,112,618 U. S, Savings bds. 8 July 1-31 July July 1-31 July 1 Total 12 years 1 July 1-31 July f > - Depositary .. Tax 2 years t Aug 14 Aug 19 388,179,900 100 fe ;.y Aug 26 91 days : ; ! 761,936,949 , 352,51i;000 594,007,000 350,648,000- 99:905'^ *0.372 352,409,000; 99.906 891,602,000 99.906 May 5 20-25 yrs 1,236,107,300 1,236,107.300 100 Aug 6 Aug 15. 11 Va mos 3,272,818,000 10-12 yrs <-705,498,769 1 Aug 1-31 Aug Aug 1-31 Aug Total Aug 28 2 years: 1 705,498,769 7,031,000 / 12 years 8 Oct 0.369 ; Oct j Oct 2'/a 5,384,359,169 872,936,000 91 days 2 Sep . by ay t 400,438,000 301,186,000 Treas. <l1/2% Jl ,'U. ■ J I S. 505,072,000 351,862,000 notes -Depositary .942,155,457 bonds. *: ;Tax antic'n.- notes 7,870,000 ■ 7,782,666,357 . • T' < - i .< j [ ♦ *; . ;'*.. 6,479,254,357 - • . Issued ;• , ! Co., of The Co. & Co., stock Co. Credit M. H. Lincoln, Neb., & Co., Co. Agency Issues Banks consolidated deben¬ 0.70%, due April 2, Aug. by 1943. Charles 1, Purpose, F. Dunn, ' , 12,724 Price, shares $104 8,000 shares of share: per Tire - & par). • - of $11% capital stock $22% per $25)> Webber, of stock common share. Offered by ,•* 5,000 shares share. per Smith (par 'yk Co. stock with with'Paine, 22,20<X shares Rubber Price, of * common . (par Paine, . Originated Originated Co. • stock with . shares share. by . common r , (approx.) ■ preferred Offered Originated 20,500 per shares Fuller 6% of share, per ■; Inc. 28,000 Price (no Co., Cruttenden Milwaukee Co. $64% A.) Higginson -Net Issued stock¬ offered and & of Co. 1942;, $10,925,000 America & Can $1). refunding common Shields Trust Dann and 2. $100)*- Price, 113,750 Goodyear y .; • i-'v.:-: • Retired Co. Barney (George to ($2,315,300). Representing New Financing Wertheim & Co. V^y-yy!:* etc* underwritten & First Price, ; $13% p^r share. Jackson & Curtis. _■ 255,300 ; 9,451,406,600 34,807,627,270 r *intra-governmen,t, financing j pto Nov. (Par (par ;*0.367 : Co. (no par). Price, $15% Barney & Co. • stock * ' cumulative Purpose, Offered portion Weld 6% of $50)-. capital, $19,720,000 0.85%, due refunding. Price, par. Offered New York, fiscal agent. 1517,750 Crane 921,352,300 1,303,412,000 Total .for . 10 . months—— 44,259,033,870 ; i ■ , ! ___J b 350,874,000. 99.907 - 7,870,000 - ^ 921,352,300- ; while par, common . shares ■ and $25). at of '! (par and.dlv. Common, & 1320,310 Congoleum-Nairn, - . classes Webber, Jackson & Curtis. 2,139,892,600 942,155,457: .1 Savings; bds. y y.• 1,960,785,000 , 1 2,139,892,600 50,000 Inc., taken' are working Intermediate dated 1*518,000 American 154,221,000 bonds—1,960,785,000 Treas! Vletor, Smith ; 153,210,000 350,308,000 ; MANUFACTURING stock share Co., stock •yy 504,529,000 , Corp, White, Masten $1,272,400 Aluminum 99,252,000 To^al for October—i.—_ ! a 2 ■< . bills 4V2% bond, due privately with an Chanute, Loughridge & Co., McDonald-Coolidge Issues Not % 417,944,100 100 August—1—J.L——< for \ 2% y 100,516,000 day Treas.' bills 8 1943 5,258,919,999 300,056,000 day Treas. bills *0.372 ; 7,031,000 100 417,944,100 1,455,681,000 91 E. tures, 5,910,000 400,572,000 day Treas. 15-year Farm Loan and Government 929,302,650 6,714,600,999 91 Oct i —__1__ ____- Co.r Nut AND additions, and $30,645,000 Federal 761,936,949 i ( bilis day Treas. 91 & 1,606,178,400 September:.!— 91 16 Oct , 929,302,650 23 • 1,609,327,000 100 . 7 for notes Oct *0.372 352,883,000 : 99.907 - 3 ; Placed 99,530,000 ' —^ . ' §,910,000 bonds- antic'n. Oct . Aug 2 Oct 2 582,900,000 91 days Aug 1-31 Aug ' 1 Oct 711,549,000 . 91 days Aug 21 Total a 2,220,000 100 388,179,900; 5,. 91 days Aug 2 , a —.—:~r—5,007,960,918 July Aug 12 Aug 915,112,618 2,220,000 , 7 July 31 2,097,279,400 100 - , Inc. value Unsubscribed public A. 1,505,727,000 . 1,606,178,400 *0.369 July Sep ;1 301,758,000 1,505,727,000 notes Sep *0.365 July 22 401,288,000 indebted.; of Sep July 10 July 17 Life ; ; par preferred per Bosworth, 50,908,000 91 *0.360 300,056,000- 99.908 646,058,000 day Treas. bills 16 . Jun 26 91 stated a INDUSTRIAL $2,500,000 Elastic 4,480,605,169 *^.j Sep • England Mutual . no par value add all their offering prices.) ($184,700), 5,384,359,169 " of at convertible Sep '• • New y 7,03i,000 — Co., refunding. investor. y' • 705,498,769 > . notes 2 & Purpose, OTHER lf609,327,000 : : computed 1,236,107,300 Yield Amount . Applied for Due : 1942 FINANCING DURING : ' preferred stocks of 4 101,947,000 'fori AugUS!tJ---l_L ' Total S. (R. Byllesby TREASURY STATES UNITED Cahada* Connecticut Stocks 99,956,000 - U. $53,584,047,871. Of and Paper Corp.- mortgage "loan,1 due May 1, 1954. refunding. Sold privately- to Equitable Life Society of the U, S. ; Institutional 100,683,000 " 250,936,000 Ctfs. lic debt was Aug 26 Aug Jl year ago on 1 ' 202,111,000 91 Aug 15 A Co. Co. • ' serially. 388,179,900 surprise to find that 903,813,732. Assurance Insurance Co. Assurance 4,557,704,918 Oct. 31, 1942, amounted to $92,- no Han- Life As- Purpose, ■ ,• 2,220,000 388,179,900 .5 May the gross public debt on John Bond & Goodwin, Inc. | *$400,000 Eaton / 915,112,618 ' 2,220,000 notes Aug 19 anticipation somewhat smaller, amounting to Co., Equitable OTHER INDUSTRIAL AND MANUFACTURING 2,097,279,400 L„_—_ July- y are notes was The " 200,183,000 ; Aug 12 Sales of War Savings Bonds were lairger, amounting to S, . 300,056,000 July 29 October, $2,- year 301,758,000 July 15 $500,000,- 2 months 1M>% from the sale of 4 Insurance Co., Weeks 201,803,000 was Life Insurance Rollins' & 151,113,000 Of the total amount raised & outstanding bonds. Price, 10O and int. Offered by E. H. Sons, Inc., Eastman, Dillon & Co., Whiting, & Stubbs, Inc., Stroud & Co., Inc., Graham, Par¬ sons & Co., Btddle, Whelen & Co., Boenning & Co. and ; day Trea's.'bills 139,892,600 Bond $2,200,000 Lukcns Steel Co. 4%% sinking fund debentures, due June < 1. 1952. Purplose, discharge bank loan obtained to refund 5,338,303,600 3 4,031,142,827 91 000 each. im- and . V ! < /'"'V months.-w_r 19,369,446,427' 91 and the last two offerings in October were for refunding by IRON, STEEL, COAL, COPPER, ETC. indebtedness 1 here in tabular form next Treasury in September raised Offered 100. 1 New »•••«. .: Refunding 8 be reported Life '-'M '! ! $31,255,000 July will The month. Mutual Life Life Insurance • July 1942 which Sun Mutual • • sinking fund additions Society of the \ United States,, Massachusetts Mutual Life Insurance Co., Mutual Benefit Life Insurance Co., :• • ' - Price, 4% Purpose, surance series i year, 1962. ($44,000), * capital. new was ? - ■ $7,782,666,357 of which $6,479,254,357 Series i ■ The single month.' 0.48% C-1945. 1st mtge. 1, loans, ($75,000)'. Mutual , ^ Sept. bank Northwestern cock r— 1 " i ;* i B,' due pay Goodwin, Inc. and H. M. Payson & Co. * a A-1945-and; series having""been i money raised in October than in any other In addition Investors, *30,205,000 Long Island Lighting Co. 1st mtge. 3%% bonds, series F, due July 1, 1972. Purpose, refunding. Sold privately to Metropolitan Life Insurance Co., New York Life Insurance 773,869,098 1,052,738,895 —I y. series provements ■ i j. i , : ■ ; *;■:■ < I ' bonds series amount raised 1, ($181,000), 736,382,782 2,026,195,056 2,762,577,838 j • •*' ' ' t" 11 278,869,797 - ' - 12-year maturity,' are sold at' 100," and bear 2V2% interest, Comprised of;. six^ separate issues, designated Treasury notes of tax A-1943, tax series B-1943,. series A-1944, series B-1944, series b . ' i I 4 '■ ■, 1 *;■:'; < 'i 1 468,376,837; - 1,556,603,363 ' ; - " Treasury broke Light Co. 10-year 4% (registered) notes» 1952, Purpose, refunding. Sold privately to institutional 1,709,838,943 - ; 46,280,000 ^ 103,661,200 | <97,050,2201 ;20oj711;42O ^47,728,100 345,346*770 *393.074,870 i;.': !—89,427,250 y 42,384,100; 131,811,350 : 168,943,139. ' 93,942,646 :262,885,785 L——i —76,792,513 } 59,061,554- 135,854,067 I 62,198,558 334,579,682 396,778,240 —r . jl,252,325,958 457,512,985 _ - L——- ■' V' 2^147!,217,559 I 1,358,107,489; 43,845,700 > ; . December 910.217,500' * Nov. two 300,000 Casco Bay, Light & Power Co. ~ October November 1296,149,084 614,068*416-• Gas due . Nine PUBLIC UTILITIES ; of common Offered by Corp. Lee . : M* Sep 2 9 Sep 709,828,000 " 91 days Sep 11 Sep 16 91 days Sep 18 Sep 23 30 91 days Sep 25 Sep Sep 10 . ; ! ;,* *0.368 402,059,000 . 795,564,000 Sep 21 7 m 9 dys 99,907 725,763,000 99.907 *0.369/ 400,037,000 882,351,000 91 days 351,288,000 99.906 *0.370 < 401,288,000 V'99.906?; *0.373 1,992,483,000 - : 1,505,727,000 .100 1 2% yrs' 3,636,638,900 25 Sep 10 10-12 yrs 12 years 5,910,000 Sep 1-30 Sep 2 years Sep 1-30 Sep . Total . , . \ —1 ! 400,438,000 99.906 *0.373; <505,072,000 99.906 ,*0.373 ,504,529.000 99.906 7 Oct 14 91 days 713,102,000 91 days Oct Oct Oct 8 8 19 Oct Jun Oct 5 1-30 Oct 4 yrs 2 m -984,842,000 12 years , 2 years - 893,167,000 1,960,785,000 1,960,785,000 t ' 100 < 2,139,892,600, 2,139,892,600 100 i 10-12 yrs 1-30 Oct Oct 8-10 yrs .1 1-30 Oct * 942,155,457 942,155,457 7*870,000' • ! 921,352,300 October 2 • a Total for 10 -months.—: 22.850,000 235,490,000-: ; ' ') : . ' series, August' 193,655,000 ^_i_*r 7,870,000 100 . Total y j ; / : • 184,900,000 ) --*27,391,000 * 56,146,000 137,509,000 ; 6 920 000 • Notes 7,782,666,357 li.L — L—l—J—!'——!_! Total 2 - b Total | ; ' • j >' - ; 43,000,000 '!59,686,000 ' • October 10 240,244^000 i Civil notes to Federal Old Age oh -k bank discount basis, , Price; Col 5,000 shares of (par $1). Price,; $8% per ishare. Lineni Service (no par). Corpl 19,140 Price, stock common Offered by Allen & Co. $27 shares of common share. per Offered Co. i . • . - * Diego- Gas & Electric Co'. 10,000 shares of preferred stock (par $20);. Price,; $24 per share. Offered by & Co., Inc. Blyth ! 549,600 frion . (par & , ' 1 < 5,090,000 ' 22,071,000 < - 37,910,000 37i614,000 102,685,000 Service per 276,309 National Linen Service Corp. 2,791 shares of $7 preferred stock (no par). Price* $99 per share. Offered by Allen & Co. < j- ■ ; ! 247,164,000 42,818,000 27,161,000 ! . 75,524,000 5,589,107,000 months $67 200,000 San ,10,080,000 ' , 32,738,000 ; 3,985,811,000 1,603,296,000. ^Comprises sales of special series certificates and notes; certificates sold to-Adjusted Service Certificates Fund and Unemployed Trust Fund, and 44,259,033,870 j ■,,{....* 20,374 by Allen & - • • September LuJ-i-L289,982,000! Co. s of . (Vtc.) : stojck : 100,000 56,046,000 . Tea America. 516,996 National t s * : ! 272,982,000 j Certificates "l%...| } 117,000,000- October— ! • . _T_—; Nojies j ; •'-»;« ;; of which series • . and Survivors Insurance Trust-Account' Retirement Fund' Retirement Fund, Foreign. Service a Comprised of. three sepa¬ Canal Zone Retirement Fund,: Alaska Railroad Retirement Fund Postal E have 10-year maturity, are sold on a Savings System, Government-Life ; Insurance Fund,* National Service discount basis at 75, and yield 2.90fa ;■ series F have a 12-year niatur-.: .Life Insurance Fund, Federal Deposit Insurance Corporation and Federal Savings & Loan Insurance ity, are sold on a discount basis, at 74, and yield 2.53% ; and series G Corporation. •Average rate rate ; 239,815,000.' ! . Pacific of 43,125 National Cylinder Gas 216,965,000 <28,675,000 ' j 165,000,000 —28,655,000 - • & non-voting common stock (no par). share. Offered by Smith Barney & Co. sha,res "903,284,000 ,< Atlantic " 10,150,000 18,525,000 ; '• ,1,365,058 Great :.$ ■ I a 921,352,300 100 —— i — September— , for ■ *' 3,831,011,000 ' 33,000,000 268,490,000! > * i>— Certificates ' Total $ *0.373 i Oat 91 days Total - I ' 400,572,000 21 . J 773,618,000 Oct 1, , r: 91 days Oct 28 , *0.i69 7 16 , | 4,734,295,000 b > . V ' Notes— 99.907. Oct 23 . ' total July August— Certificates ' ' 2 ' . - I-!-—- lVi/ 1 a 6,714,600,999 2 Oct ■ ' a 929,302,650 100 ia Oct Oct : 5,910,000 100 929,302,650 . September for 761,936,949 , July—• ' k 0.65, '! 1,606,178,400 100, 761,936,949 j Certificates ;' Notes ■ Sep Sep 1-30 Sep • Total first 6 months— Co. 5,496 shares of,7,%. Price, $100 ;per R. S. In we the Dickson & share. Co., Offered by Kirchofer Inc., & stock Courts Arnold, Inc., Milhous, tGaines & Mayes, Inc., Wyatt, Neal Waggoner, -Brooke, Tindall - & Co., J. H. Hilsman Co., Inc., The Robinson-Humphrey Co. and Clement Evans & Co., Inc, \ $5,948,598 ,*Indicates cumulative preferred $100): Co., • - issues placed privately. Vindicates comprehensive tables compare the October and the with those years preceding, thus affording for on the corresponding a & & A, ' special offerings. the following pages ten months' periods in figures the four five-year comparison. Total 30 ,0 1,950, 0 718,754 $ 35,190 $ 35,190 Refundig 259768 90 10,To0", ~ i2~o76 12,870 32,860 105,6719 76,183- 531,254 Refundi g 273,0589 -1938 4,o6"76 i754o76 50, 0 32,860 2,18,10 279,~650 1 59,2804 $ -1938 30 ,0 450, 0 30 ,0 0 273,0589 $ Total 718,754 531,254 28o7i" 6 531,254 4718,754 30 ,0 1,540, 0 50, 0 1,50 0 38,1574 259768",90 1,50 , 0 2,6 8,754 17631,254 ~"l2o76o 12,870 274,314 ' — New Total 17,240 CNaepitwl 1194,8,5700 510,9 0 102,986 71462,,91007528 Total 35,180 23758,40 16,35470 Refundi g 31,650 137651,40 S -1940 3126257380749,,1,49574.8630 13,85 62 3720,75 3,274,59 New 6,40,0 840,6 5 6725~0",6 235,09 0 10,3 264 1,50 0 42,925 *' Capitl 9,20,0 Refundi g 147,"05l 18 3,40,0 ~ 729^420 6725"o76 3,0 ,0 "1 0,580 4 ,720 Capitl 21,530 40,37 2 Total $ 146,27 0 3.50,0 50,935,420 Refundig 96,250 80 , 0 -198 " 50.2,780 2.70 0 50,93 420 Capitl New Capitl • Total 43,780 2,50,0 Refundig 43,610 38,4019 FCORRPEIGANT, -1942 1 9,0 2*315,0 Capitl $ 28,05 0 79,6357 453,160 43 OSUMFARY Capitl ONGARENUFWPID Grand Can dian 3742795 "7297420 67250, L718 531*250 15,280 4,093 0 " 157,4 063 ~ 67O~57",05 "Tf0758O — 3,42 59 20,9736 3,42 59 6,481,534 9,20,0 1,50,28 ' — 10.478,0 126973028", 1709 780 7,98",50 39,83 70 65,81 0 213, 840 5,0 47,28190 51,6O 1,09,780 9,487.50 39,0748 r 427. 50 148,10 8,67,350 47591,02 1.80,50 15,73^10 1709 ,780 7,59750 26,197 50 15,280 5,894,05 16728,420 148710 1,09,780 9,05 70 47,2810 50.814, 5 "~42~7", 50 13,69 120 50, 80 207,34 50 5,0 31,5970 "36 ,90 345, 670 ~ " -t-4, 10, 0 146,27 0 921,275 340, 0 2,056 0 4,0 0 Refundig 73,85 20 15,960 96,250 80 ,0 21,390 6,1870 750.0 1,540 460.0 214,0 10, 0 50,2*780 12 ,275 Total 750, 0 25.39,0 79, 70 27,150 $ 1-194 Capit l 2,70 , 0 54, 35420 25,390 80,98275 750. 0 7,96415 80 , 0 ! 2, 70, 0 _ 12,70 0 20,71420 80 , 0 4,0 ,0 74,65820 15,960 340, 0 2,056,0 _ 97,05 20 ; 50,814 5 2,70 0 53,65420 21,39.0 6,240 5 750, 0 61,98 45 460, 0 214.0 _ 12,70 103,6 20 New * $ Total 9,50 0 31,25 0 2, 0 , 0 825,0 2,50 , 0 43,780 " : 2,50 , 0 9,50 , 0 31.25 0 2,0 0 3,25,0 46,280 ' ._ 9,50,0 2,0,0 Refundi g 31, 60 S -1041 $ Capit l 825,0 184,70 43,610 _ • 1 9,0 ~Ti9~6 6 - '184,70 9,50,0 31, 6.0 2; 1,0970 ,0 2,315,30 1 9,0 2,315,30 43,8570 - —_ 2,43 , 0 2,315 0 — ... New fubSndats.oneyid OCTBER Notaesn-d:;- _ecot:p.-r,manuf acesoriand-mu.fctrig etcr,:-— _—htroealdtcin.g, Nolteas—nd.' ecto-.p._—r,manufcrslL acesori!-?manuafctrig-^nd ^etcl_,-';'—:„__fJ—>httrraoduinlgsd,in,g:*.ct,e"•— 1e—cto•pr,.~manuf-aceso_rimaanufctring—-d 1etjc.-' —_htroealdtcin.g,: cetco._—per,!mnuft acesori.—_::maanunfcdtrig etc_. , —:hterSoflstdTcina.g,1 securit i_ ls.; OCTBER bonanodntessd.; 1 bonnaodtesds :stock . bonanodteds$ stock 1 corpa.te Governmt-.forgeoviegrnmntLGeaaavnncdie,s^MS&utnaictpeasl,,SPostaeien-s. toal. fdiingnculurooedset Other 3,057 5 17, 459 ~ 147,05 80 ,0 0 2, 70, 0 $ CHAR TE 25,83046 28,647 Total 42,925 975O 76O 84O76O 67250, 3,42,459 New 3,62 71 137,28 1 43,8570 30,6450 12,365*19 86,5 891 OF Long-term Short-em Prefstrocekd Comstocokn Long-term Short-em Pr!efred Comstocokn. Long-termShort-em_Pref'■red Comstocokn Corpate— Domestic- Candian- foreign- $ 257,08 MONTH 42,925 3,42 59 6,524, 59 9,20,0 148,570 1,50 0 21,530 * 34,82 0 45,17360 280,7 023 2,43 0 3,10,0 17,24*0 _ 31,650 Refundi g 50, 80 198,6570 5,0 0 26,58750 36 ,90 S -1940 12,09 97,3860 New 26741", 0 3708750 30,0 1,420 37,130 1,50 0 63,92160 1,50 , 0 2,137,50 - 65,810 20,75 0 5,0 27,10 0 "515,0 0 1750, 0 35,18 0 s Total 46,280 30,6450 38,1956 15,2065 184,70 $ 187,50 New 140, 90 17,4218 710,356 1 103,6 20 9,20,0 1,50 28 $ 97,05 20 34,82 0 1,546932 143, 9152 $ -194 " $' 275,860 42,17695 34250,47,6,727181004 ,. New 450, 0 '1 13,85 62 Total FGtFovefhdrranommgunaicpl.lyesOYMFTSCEIIUSTCVHANAONRRBIHPERSEAD OFYTMCLFFEIINGOHAVAAVBURREERCSNMGPDT, 9*87,0 16,32075 s 30 ,0 0 30, 0 157,4318 52,480 59 1,50,0 $ $ 61,48 10 1,42 37250",60 3,274, 59 $ Refundig 157,431 8 -193 2,90,0 555 37,1 0 a -• Capitl 61,48 10 30,0 1,950 187,50 $ Other Farm United ^These MOFNO TH Bonds coal, industral buildngs, —: tInrvuesstmn,Miscelanous SBhoortn-Tdesm Railroad_1s: utiles sctoeall,,Equipment and industral buildngs, Shipng' Investmn Miscelanous Stocks—- Railrods-'.:; utiles sctoeall,,Equipment and industral buildngs, __ tInrvuestsmn,Miscelanous Railrods utiles sctoeall,,Equipment and industral buildngs, . Investmn Miscelanous corpate Long-Term Railrods Puutiblleics Irsoten,l, Equipment Maotndrs Total Total • Ship ng Other Land, Rub er Oil Public Iron, Motors Other Land, Rub er Total " Public Iron, Motors Other Land, Rub er Ship ing Total- Total Public Iron, Motors Other Land, Rub er Ship ing Oil x £ G C 3 o e Gi w o o w o > 2 > > o n SI 3 en X X o n X C fcj cr '< S3 tr* >—< tv? <"D I—( tH t-H 00 *-4 t-O Total S 1,63952 62,50 6,30. 0 3,05 2 10,537021 1,69248 Refundi g 917,80 5 2,758,0 1,20,80 531,254 62,50 721, 1,0 3.542.0 34,85245 10, 576 $ Capitl -New 70,18302 $ 25,930 9 ,10 85 153,07 129,60 21,0 0 18,6950 95,0 0 o. o 2,790, 0 2,0 3,0 750, 0 150, 0 1,40 , 0 2.0 ,0 6,30 , 0 890, 0 750, 0 120, 0 21 ,0 0 1,67 .0 2,758,0 30,0 0 1, 89,0 32 ,0 9,0 ,0 Tee 4 92,3069 623.47,0 108, 49 $ -1938 1,049 7,0 'Tota•l 80,62 5 5,236,0 Rcfundi g$ 10, 0 760,389 5 4,52,0 38.91,825 32,689305 12,47860 57,82 0 -1938 10 ,0 3,9 4,520 46,5475 25,930 1,0541,620 15,6239 16,09372 13,26 50 18,6950 95,0 0 5,10,0 8,74,520 20,30 1,734,054 10, 0 760,389 5 5,302, 0 40.815,79 32,90 35 12.47860 57,82 0 2,587,30 10 ,0 3,964,2 0 15,93.0 245,06175 150,329 125,937 180,362195 5,690. 0 37,1 0 LlO .O 6,187,20 52,0 0 78,10 13,6 10 2,0 ,0 27680,6 60,27 016 1,275,0 10 ,0 213,90 1,35481 213,90 10,730 1,29740 106.5,0 3,90,0 2,680, 0 123.04,16 27,350 10,950 21705, 0 129,50481 1,73,754 *- '■ 425,80 691,78316 5,236,0 3,541,25 1,36,92 36,79 32 862,50 15,9.30 239.50,34 148,950 90,178 5 178,30695 5,690. 37,130 -470, 1,90,0 10,573;b0 984,0630 103,5 0 3,90,0 82769720 217,09 i0,95,0 21,050 65,7 0 Capit l New 2,0 ,0 9,50,0 7,260, 0 5 0, 0 3,542,0 3,541, 25 1,36 ,92 35,08 613 862,50 - V 902,417 325 5,60419 1,950, 0 1,4893 50 78,10 149,3 40 60,13057 79,50 0 Total Refundi g 1,24 6917 74,30 127,69* 35 ,18 79,50. 0 Capit l 245.138 4.510, 0 21,63148 59,7689 • 67,50b 11,,582567009397 1,492680,35 59,20 924,30 795,64 95 450,0 31,046 - —10:9- To•tal ^ ' 1*~ 8,250 . 160.4,7 1,50,0 $ * * * $ ■ New 198 L- Refundi' g 31. 80 937,24.98 94,0 0 27,0 ;6i 16,72653 6.23,420 19,05 0 45,92.0 $ 91,6738052 31,2053,00 9,50 ! Capit l 69,4350 . 46,371 2 8,60.0 3,90,0 3574*2,18 5,374 3,871580 2,0 ,0 19,850 - $ NeW I . 1,73225618,907 5,80 9lbo, 1,460, 0 5 0, 0 7 .7 1- 1 74,30 0 126,47 96 40371 3 1,53,571 40,6380 94,0 0 27,435129 170,2653 6,23,420 19,05 0 97,460571 1,06972, 4 5,468,304 2,0 ,0 27680, 6 59.863,90 1,275,0 10 ,0 213,90 9,7 9, 10 69,435.0 53.29,67 1,50 3,90,0 2,680, 0 95,60 87 56,48 7 3,971.580 213,90 0 0 32,19 10 ~ 4,510, 0 27000 94,9206 7210,6384 23\,217,5514908•9134,5647602.68 ISSTFMTOEUF3YNNHAHICIDEVARERTDSS GFLFAOTMMEI3OVNFUYENAHRCINDCVMA1RDPTRGSTS., 9815,2614,,5243^570976403889 ftFrmGahoeuongivdcprlnmeaysl. ! Total lb- -1!) 68,5390 953,68243 5,325,0 Refundi g 1,4905.37 24,5610 120,839 6 3,26 92 269,8320 382,49 8 3,20.0 378,20.93 1,0 0 50,61794 65,34861 418,70 571.68,254 2,150 2,05419,70 37,540 185,230 5 74,245 4,0 ,0 495,32719 1,50 , 0 T:to al 4,0 .0 640,135 0 16, 5628 Refundi g 107, 50 824,6 20 62,40 3,498,0 128736517 74,5620 27,069 0 4,60 0 57,28 95 ' Capit l s $ New Total -I 802,380 Refundi g 1,3249 632 18, 965 10,59732 Capit l S New Total $ 725,06. 8 18,67253 74,60593 73,92 074 1,25.60, 421,875 815, 350 2,0,0 107,2580 30,89 467 -■ -1042 Refundi g 3 .0,9 72 0 1,0 ,60 5,304,924 2,692,570 i'■ •.; ' CFOORRPEIGANT, SOUM AFRY New '. Refundi g 21,503.62 680,13 90 31,50 73,547 35 105, 0 7,50,20 49,67930 '• New - 421,875 48,506 1,20,0 10,82 4 28,05897 . ' s '• 30,8210 1,5 390, 69,250 6,938,0 17,312780 125,97.0 28,720 50, .0 250, 0 • —19 1 50 ,0 73,950 325,980 4 11,,2484597,01563.3708 Capitl 108,56398 93,6297 5,70 0 6,250 40.827 65 1,80 1,07,80 —1,350 109,38270 378,2093 $ 24,2,4780016958336198 GONCROREUPPFWIATE 1,80427 360,950 162,4387 86;23, 671 . - - S 1910- i 5O 7O ^ .. Capitl $ •* $ 3 ,7 091 1,50,0 43,60 48,17 $ $ Total 1,892735,0 S Oil- 30.9,0 73.49,0 317,05 6,250, 0 14,37506 17,30 8,513,0 1,350, 0 158, 0 1,827 6.30 35,710 17,45190 68,1532 $ 39,478 and l6,~21o7QO 250, 0 Capit l *'<£.■»r 23,160 326,9 680 6,850. 03,40, 0 53,986^23 51,43.0 ,1,203,0 5,40,0 52791,05 *: New •- - 4 - 1 5,0 ,0 910, 0 2,61,0 14,0 0 35,710 106,834910 1,935,0 5.40,0 73,89564 875,0 0 i740 ,o6 3,629,780 46,09 159 35,09 0 831,2 10 318,90 6,250. 0 5,40.0 190,3.64 132.75,0 8,513,0 1,40,0 3,629780 1,350, 0 217,946159 5,0 ,0 2,561,0 14,0 0 24,5610 79,*34 ,269 1,306,0 27,04123 1,530, 0 14,879 57 26,503 2 759,480172 31,50 1,30670 103,4967 19,50 7,50,20 1,53O7 O 67,3478 910, 0 10 , 0 1,0 27^485,61 1,9350 4709, 0 46,85 32 875,0 1,40 2,09 780 3,50 , 0 2,350, 0 7,0 ,0 204,50 5,0,0 9 0, 0 7,0 ,0 1~,36075 725,06 8 . 17,25803 18,67253 21,8204 10,982 0 2,0,0 2, 0 , 0 1,0 ,0 1,0 ,0 224ll720", ■ /- r 40 ,0 Refundig 15,4 850 243,61980 2,0,0 45,963 4019,825,0 3.42,50 " CAHARNTDE 5,241965 Capitl 29,10 New ' 18,6.20 2,0 0 3,0 ,0 ; 204,1360 108,37450 2,015 0 95,0 0 815,30 250, 16,4278 48,367890 62, 1065 15,0 0 2,53,20 9,21,875 2,87 ,270 149,3782 13,205 923,78615 69,40 0 3,498,0 136,507 4 74,5620 27,069 0 4,60 0 62,53086 - * It) 231,.51202,58,693770446709898 12142801,53,269360,9,54747 36,210 1,273 54,89 76,250, 06,93 ,0 301,530725125,97 0 28,72,0 50, 0, 0 — 2,054197 183,7,596450 981,391,553 131,024,057957 1,3249.6 ~~ 1! 10^, 54,50 4,20 0 Total 4,6580 361,78 0 3.0 ,0 25O71 ,0 128,30 5,4750 95,0 1087200*, ' 31,260 16,427,827 2,50O76 150, 0 108,5639 12,75803 7,640 6.250, 4.09, 0 87;1,697 12,6750 1,0780 1,40. 2,0978 i.350, 0 150,98372 250, 0 23,16.0 349,68720 6,850, 0 3,40, 0 15658,02387 51.43,0 1,203,0 5,40,0 867*0 967 1,45709 113488,4,59626507 892,710 9576 6 4,6580 410,5 890 4,20,0 3,0 ,0 312,79605 145,0 5,47,50 2,53,20 28,1 875 956,4750 4.0 ,0 7,9 7,49 5,4 850 24,7024 2,0,0 48, 091 20,95.0 3,42,50 4, 0 , 0 "3 30,972 1,20 0 1780, 48,5 06 1,20 , 0 95,0 0 47,2 6 59,743 95 15,0 0 2,53 20 5,921875 130,4865 29,10 165,4 86 2,0 0 3,0 0 263795,1 124,57 0 2,015,0 2,53 20 23,7185 39,478 31 1- _ _ 1_ _! 61,5027 agencis—!_ _ 11,064'8- fbSuotnadieyss 3OECNT1DBER!"*;i-r■Noteasrid —2 utiles—.!'cco-pLre_r, —-seutafnm.acesori-!.: manufntgd 1-—et~c._!:!i—: :et-racding.hol, BNdoteans—nds1!_eccootpa.2lr,,manuf-— acesori maannufcdtrig etcv_ , tthrroaeulddtsiicnn.g,, :, .11— eccotopa.lr,,i—manufces ori maanufcntrig.—d_ etc — thtrreoauldtscin.g,, cceooptal,r,manufcres.- oi amarnutfdctrig e;t. ttrrhauoedlsdtincing.g,,,; 61s,e5c0u2r7it eOnctdober anoteds _I 1stoe;k_ anoteds1 :stock_ anoteds ; — iGovernmt governm-tGv,*Municcpailt—Setses,,Po —n _ inncluodet Months Corpate— Domestic- Lboongn-tedrms Short-em Presftorcekd- Comtno Candi- Lboongn-tedrms Short-em Priesftocrekd Com on foreign- Lboongn-tedrms Short-em PrIesftorcekd Comstocokn corpate! Candian foreign Loaannd Staes toal fd"iTghueoreses MONTHS T''•.-BLoongn-Tderms, Railrods cbal.ste,l, Equipment and industral buildngs, Rube—,_r". Ship ngtinrvuestsmn,Miscelanous Other 10 Grand Total Other Farm United '' • 10 . Public Iron, Mot rs Other Land, Total Short-Tem Railrods UPtuilbleics. ste l, Equipment Maotnords industral Irbn, corpate buildngs, Ship_n—g^Investmn Miscelanous s. utiles stel,Equipment and industral buildngs,!1. ShipingInvestmn Miscelanous Railr^oads utiles stel,Equipment and industral buildngs, ShipingInvestmn Miscelanous Other Land, Rub er Total Stbcks— Railroads Public Total Iron, Motors Other Land, Rub er otal— T Total Public Iron, Motors Other Land, Rub er Oil 1828 .■ . : ; . !THE COMMERCIAL & EINANCIAKCHRONICLE ; ,v>; THE COURSE OF BANK CLEARINGS ■"j," Bank clearings this week show an increase compared with a year ago. 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. 21, clearings from all cities of the United States from which it is possible to obtain weekly clearings will , -\_v< ./../, : West t Week Ending Nov. 21 1942 $3,190,756,838 Chicago-'..j!.:...-j-L-.Z—__ Philadelphia-:-:———:^—j—u_— 3^2,328,836 511,000,000 Boston—-——————-— 328,160,129 Kansas City——a— 165,297,664 428,000,000 241,181,565 110,321,588 147,800,000 114,100,000 226,346,000 161,200,000 140,865,640 + Francisco——J,—^ Pittsburgh——,——— —: 'Cleveland—--.—i——-————_ — •,;+,17.4 . . , 177,263,837 cities, five days—> Total all cities, five days—__j.__—— All cities, one day-. ————— $6,698,427,230 1,439,685,446 $7,021,931,904 Total ,(10 District—Chicago— Michigan—Ann-Arbor_i-l._—_'..l-. Grand Rapids—-i Ll_—i*—._ '.;j Lansing ; Indiana—Fort Wayhe_4-i-—------ • 4.9 Indianapolis. . '+15.9 ■ week in 1941. same ! we SUMMARY 1st Boston 2d New 3d 1941 $ Total Cleveland 5th Richmond 6th Atlanta 7th Chicago 8th St 9th _ 7.4 283,676,165 9.0 3,518,503,257 10th Kansas 2.0 462,362,741 492,477.871 445,786,397 +10.5 " " 531,427,983 250,924,829 " i 1.6 — 149,528,806 +14.2 We 239,792,466 116,440,582 176,653,255 " 419,643,991 330,076,220 7,341,612,246 6,662,920,054 +10.2 , 6,240,384,721 3,419,681,721 +11.2 ■ 2,841,750,057 +35.7 108,042,213 32 cities 621,891,439 detailed ; statement years. . 1 ■ •■! : 383,860,739 •• ■ V / ■"'v'-,'. 141,302,862, $ — —, , { — Bedford 883,476 420,960 ' ' 86,897,377 +63.8 309,860,757 :; I • • / St. Nov : Inc. ' 441,959 : —22.5 561,341 ' I 83.8 2,019,577 245,402,805 1.6 662,223 417,847 533,286 — 4.8 0.4 / 4,569,502 + 10.9 11,532,700 765,574 —26.6 778,206 344,045,419 320,339,099 .,/-, : .3,538,274,887 2.5 764,021 / 3,540,812 ... !_ 11,097,865 1,368,862 48,700,000 , , - . 1,205,441 1,148,994 3,243,238,333 10,872,762 — + . 7.6 7.4 3,632,489 66,935,145 90,135,324 26,603,553 35,996,548 3,042,519 3,342,465 + 1,137,747 1,391,413 + 170,791,816 6.5 2,538,456 + 17.8 872,838 8.7 966,140 1,180,967 4,642,082 4 18.7 3,845,816 4,616,139 149,528,806 +14.2 105,264,525 139,565,722 961.736 179,195 101,598 + 76.4 103,682 120.451 *185,000 167,839 + 10.2 157,937 151,760 3,480,723 3,390.480 + 2.7 2.698,240 3.301,131 61,880,802 L 39,458,432 + 56.8 30,656,487 39.562,989 i.: 3,411,516 2,393,804 + 42.5 1,547,863 2,290,317 5,406,179 3,984,697 + 35,7 3.051,003 159,054,527 4,059,332 122,201,830 + 30.2 98,465,315 121,663,412 3,458,762 ,+ 17.4 3,209,523 3,272,317 1,203,157 633,256 862,557 + 90.0 + 8.1 616,398 790,414 817,982 +35.7 141,302,862 175,108,116 • . _!_L Ja.— 932,035: , 3,322,806 239,7^2,466 —27.6 — + + 7.6 + — 9.1 , . : ; ; t 39,200,000. ,i .; • > 27,391,657 3,375,205,165 + 4.5 9.0 696,705 1,045,578 1,386,820 44,200,000 ■ <654,816; ' > - 1,028,312 3,539,953,795 : » 1,756,587 . Wilkes-Barre— 492,658 , Cincinnati Cleveland Columbus Mansfield Youngstown Pennsylvania—Pittsburgh (7 cities) ."■5,175,842! 1,998,471 76,526,000 8,917,335 8,072,965 1,160,169 1,102,670 3,787.161 4,098,639 + 2,384,000 3,491,000 ' • 116,440,582 108,042,213 7.8 + ■ 86,897,377 95,289,745 -45,145,520 • , : 540,195 : ; 20,413,563 ,, : 3,518,503,257 496,024 415,687 ! —15.3 1,872,451 535,000,000 1,435,078 448,000,000 1,937,525 2,341,578 + 2.1 —17.9 • 2.345.219 2,786,428 —15.8 1,252,558 1,898,359 461,724 , 526,823 6.2 — 1,689,098 1,976,499 ' + 28.2 ' • 'r - . 1,611, 538 523,000, 000 1,928, 358 3.1 1,207,181 4.1 1,586,308 1,660, 2p8 6,576. 200 4,846,900 + 13.0 4,361,600 + 2.0 462,362,741 3.252.475 86,347,548 165,223,282 13,983,100 2,168,811 13,541,700 1,751,802 2,998,084 199,024,502 492,477,871 191,506,000 3,233,468 3,570,469 3,999,634 170,811,547 445,786,397 + — . < /.v.. ' ,' "• » »• 540,713,838 2,847,200 3,218,482 3.5 68,872,985 79,963,637 153,529,630 — 3.2 —19.2 129,900,933 12,622,500 1,868,197 15,549,000 1,876,666 —25.0 3,381,480 3,354,940 + 16.5 146,997,027 167,266,053 +10.5 366,490,322 "■ , (10 cities) '••• + ' ' v 1,689,165 2,797,722 18.2 i—13.5 • 4,652.791 3,922,889 * 1,578,338 2,028,291 2,779,290 + 26.7 2,725,118 330,076,220 t +27-.1 •/ ■ 267,155,073 315,463,729 6.240,384,721 2,841,750,057 • 6.807,951,357 '" 7,341,612,246 6,662,920,054 3,419,681,721 2,803,337,359 i__J— + 3,813.502 , /■ 419,643,991! i . fill cities)— . ; ■' J •: * - . Canada— . U - ' +: "'■<'*> ' '-A\ 424,758,408 );'•) i >.1942 ( 7 .. t.t u j • - i :•• + "•$ ;' 1—-i-i. ,+ 10,2 . ;+ + 11.2 » i '• Week ie, .•! ' V''" 1941 t $ • Ended 3,267,997,562 1940 113,942,187 , •" + 28.3 ottawd———-j-iiiliiJ-C7-;' 4/ 197,611,745- 40,607,098 + 386.6 Quebec...—_j_—i—% 7,131,553; Halifax. _.j_: > !4,o78,95i 5,441,650 + 31.17- ?6.0.: + 6,420,396 + .2.0 6,874,767 1,759,187 1,755,096 2,318,814 5,235,940 6,770,106 429,803 2,896,171 ' ' *'7,122,645 i ; 8,750,852 ' jZ-Jj—!— -.j /! ZJZj!—.it 624,366 Lethbridge-l..-—-.—7—■' ! ; .1.514,897 Saskatoon!— -t * t2,027,718 I Moose Jaw_^-7—...——1L-4—; ' ! 9}1,747 ! 1,106,348 Brantford-L j—; ;' . Fort : William——r—-— New Westminster—.—zl-j——' —7— Medicine Hat.— Sherbrooke— ; .t— —! .3,966,834 f-!, —.—j—. , ' 632-170; 1,168,009 , ,,^ 831,472. 782,245 —533,395 f3" "ities) ♦Estimated, 4,043,19.6 4,359,475 ; 5;548,601 5,678,988 359,498 + 36.9 914,421 1,407,267 + 15.7 + 1.636.354 34.8 585,345 + 23.8 26.5 1,118,416 * : ,/ 3,163,289 545.491 -.7. — 713,969 562,125 375.097 1 249.014 551,466 573,774 + 14.4 817.098 835,312, 6.7 1,060,501 3,180,892 1.098.355 2,512,824 396,873 399.816 + + 25.4,7 : +15.9 1,048,380 + 11.4.,' 750,483 695,954 + 19.5., 625.742 601,453 695,685 + 12.4 .612.886 639.542 465,910 + 419,161 369.843 .1,190,152 1,283,605 621,891,439 383,860,739 - 701,624 813,128 634,686 + 30i.3 ' 791,341 719,712 +16.7 + 10.8 + 358,445 1,017,193 ' ' t —7—,— Sudbury.— t 835,713 - 1,649,461 2,499,129 i 412,665 1,193,497 1,867,142 . 29.3, + 676,641 ' 956,036 Z.._. — Sarnia- Tofal 522,028 837,404 . • 1,520,287. 2,303,743 ' Moncton..—— Chatham .2,111.400 w + 36-.0 907,860 743,810 989,381 ~ 6,573.647 + 45.3 995,455. , 1,005,599 J ——1—• Prince Albert—: Kingston.! 1,752,627 720,827 1,161,479 1 * ' 2,843,444 5,699,563 ' < 4,542,954 5,063,985 6,273,689 .+,. 7.8,-. + 24.9 16,316,537 16,035,474 1:2,746,^52 - + 32,7. , 74,535,991 4,354,986 + 23,6,- 2.333,730 ' +-------J——; Regina.-(——I. Brandon. J.—1 ! 8,498,040 - ■ 91,726,641 .14,450,199 29,289,552 2,998,847 ——.1—1,891,589 Edmonton—j—.1 : ' 1+30.17; 6,549,945/ John.——I.L.—11—-J—..—.—— ' * . Hamilton—7-—/ : Calgary—i——T—' ' 4-< t.r • St. .+ 25.6 99,108,423 80,192,379 43,014,188 ' 49,429,372 $ 93,513,^74 +18.7,. 16,847,221 Vancouver 1939 Dec. % > 105,861,579 ' " ;.X+. Nov. -12 Inc. or < ! '132,939,830 64,315,694 21,623,322 Peterborough 3.5 + 14.1 4,091,494 ;_T—ii.__Z.jL 1,461,669, ——'3,543,428 •" Windsor— 3.365,771 188,472,176 3,466,972 Kitchener— 83,323,836 1,429,340 39,810,728 20,672,583 152,152,000 Winnipeg— *500, 000 + 550,750,163 17,233,159 + 25.9 ' 556, 133 + 5,474,600 + 19.9 + 39.6 Montreal—'.— 32,471,335 3,109, 701 1,308, 566 561,563,666 1,183,143 38,636,569 21,211,340 / Toronto-.l—135,239,943 :648,860 463, 104 • 43,078,632 + 13.3 —21.1 London— , + 32.5 + 21^ 48,913,035 4,754,900 '!•/*.'' ■ } ■: ; ?•:•••; 4: 3,674,207,893 504,924 58,691,475 1,569,947 3,727,142 Total 23,573,277 29,538,195 > 182,630,000 •' . Grand Total 4,725,4-74' • Fourth Federal Reserve District—Cleveland— Ohio—Canton 1,949,586 '68,699,126 +49:4 t <Uv2.990,000 12.4 It 1,276,23b, /+ 11,8 5;093,722 /+ T,6 1,299,137: (6 cities) Stockton-.: 8,129,438 4,625,390 -r-22.9 1,386,378 1.291,785 __ (10 cities) . ' [ 9.0 +!4.0 10,061,107 ' • 2,620,000 ; Victoria 532,972 ' 546,000,000 : 2,172,154 86,449,000 89,946,431' 15,030,483 - " 2,942,569 * : 10,190,538, 5,529,826 , ' ! : ' : 7,245,228 ; 8,964,154 + 24.0 + ; 3,398,634,664 5.7 —30.0 ! —j_. 2,368,689 —' Worth.! Santa Barbara.'^-: 335,758,910 1,283,750 • .2.1 —16.3 527,832 23,140,802 419,873 L_ ' Dallas—..! San 637,093- ,8,031,237 7.6 + 13.9 . 369,707 —: 176,653,255 604,951 Reserye District—Dallas— Pasadena //5,326,896 ! 14,147,900 283,676,165 . + 13.5 , 379,753 York Total 3,502,577 + 14.1 +14.3 . District—Philadelphia—+ New Jersey—Trenton Total + 17.7 37,141,742 Francisco—' 229,900,000 San Jose—.— 4,837,783 11,594,144 — 5,815,815 —3,680,022,807 Scranton 5,212,256 96,661,101 , 2,689,663 33,969,456 - — ; 204,942,730 Washington—Seattle—>'*' 77,743,2l3: Yakima ______.t / " 1,914,095 Oregon—Portland-.L—L!-:/—i!_/!L 15 65,218,180 Utah—Salt Lake CIty_U_.J-!_../ / 25,442,894 California^—Long Beach—. ? ' 6,638,160 3,983,894 2,329,266 0.5 24,188,087 ; ' 176.970,097 - • 934,367 + 11.8 + — 4,764,103 5,425,373 _ Philadelphia Reading 7,030,564 '•> 6,599,851 . - Pennsylvania—Altoona— : 961,360 10,248,732 Northern New Jersey. Bethlehem 1,230,791 j _ Chester +14.6 : Outside New York.. 52,400,000 . — Connecticut—Stamford— Lancaster 1,264,540 , — Third Federal Reserve 684,000 219,032,963 5,510,384 cities).^.!—............ (7 Total 291,977,164 /"; 1922,892 5,554,400 __ (12 cities) 617,000 1,512,483 Galveston... " 5,090,023 „ Total +63.0 Wichita Falls. 2,397,608 7.4 13,642,100 >. ,' ■ -'614,003 + + — 561,978 — Syracuse 38,617,811 632,000 Twelfth Federal Reserve District-^-San Francisco*— '5,533,883 ——. New Jersey—Montclair Newark 46,540,919, 37,049,886 $ 12,887,466 _ New York Rochester 97,100,000 42,203,711 +18.3 _! Eleventh Federal 1939 11,910,776 - — +15.9 +,8.0 3,560,951 1,340,346 Joseph Fort $ 886,308 : Buffalo— Jamestown- 119,100,000 118,600,000 55,167,361 44,633,602 •. Total "(10 cities)I.- | Second Federal Reserve District—New York— Elmira— 496,234,762 6,136,685 Pueblo—; ' ■ 1940 or Dec. % 2,677,480 — (12 Cities)-————— York—Albany— 457,345,674 ,,, 15,124,500 I Binghamton——;— 1.6 — i4 3,731,542 New Hampshire—Manchester New 531,427,983 Colorado—Colorado Spripgs— 348,248,872 ' . 997,368 — —2 1,552,107 1,744,615 . 315,463,729 2,665,237 - — 4,932,337 42,454,762 Wichita 95,289,745 267,155,073 + 4,071,235 • — j— Haven 3,275,840 274,847,490 Rhode Island—Providence Total 745,464 295,289,681 •! 869,526 , Connecticut—Hartford—. New : 6,022,459 Springfield-: 4,705,077 District—Minneapolis- Missouri—Kansas City^^_ 175,108,116 7.8 +27.1 Ended 1941 577,816 Portland Worcester 1,771,042 " ,— Massachusetts—Boston-, New 1,329,409 1,030,000 Louisiana—Shreveport—!.—!..^. J.1 $ Lowell 537,018 396,989,479 —3L3vl 110,276,205 Kansas—'Topeka—^ First Federal Reserve District—Boston— Fall River 419,389 367,215,558 1,509,411 ' showing the figures for each city for the 1942 Clearings at— "■Maine—Bangor •' 5.1 250,924,823 Omaha-!-,....... ; Week . 2.8 — 1,544,737 Dakota—Aberdeen 3,267,997,502' our ' '4 1;484,692 6,807,951,357 2,803,337,359 Cities ended Nov. ;14 for four v' 4,486,416 0.1 ... 139,565,722 " City add now 9,287,936 3,357,048 O.l Paul——.— Lincoln 204,942,730 6 ; week 10,891,006 21.3 + Nebraska—Fremont___i_.__j_'._!._. Hastings ; 496,234,762 . 10 ————— .1.8 :—5.4 — + _ Texas—Austin..-; Canada 26,339,891 Tenth Federal Reserve District—Kansas City- 220,520,512 457,345,674+ -176,970,097 105,264,525 , 7,235,012 23,235,972 1,386,529 '+ ,1,244,877 59,585,184 (4 cities) South 185,386,992 196,565,244 "• +14.6 2,239,805 "5,782,042 ; 52,809,645 Dakota—Fargo- 424,758,408 177,851,384 +22.6 219,032,963 170,791,816 366,490,322 +14.7 <> 249,217,112 523,018,894 " ———HI York 206,810,678 305,658,716 "' " 4 — - " 10 City New 237,231,189 29.5 + 26.1 — North 540,713,838 " - Francisco— St. 3,674,207,89?. + 27,409,000 2,430,370 + 16.6 503,000 426,107,178 ; —137,500,000 Minneapolis 335,758,910 + 7 —10 11th Dallas Total + 550,750,163 17 — Minneapolis Outside 320,339,099 3,375,205,165 561,563,666 • Louis 12tli San 344,045,419 3,680,022,807 " 6 Louis Ninth Federal Reserve $ ' " _ 4,499,786 + 2,764,035 24,872,000 « 1939 $ 7 ~ """ ~ 6,988,788 26,871,348 1,543,573 12,905,238 ■, 2,335,170 ! 9.2 + 34.6 523,018,894 Helena— 10 " +20.9 + 3,041,555 4,794,971 Minnesota—Duluth an 12 12 Cities __ York — " 2,120,187 1,601,148 Montana—Billings- 1940 or 2,256,694 . 2,122,006 ...—.....—. Total Inc. Dec. % 611,216 4,593,467 2,032,643 2,018,940 (17 cities)———. Missouri—St. CLEARINGS 6 Philadelphia 4th BANK OF 1942 1 3,754,137 .' « 4,801,465 L.i Kentucky—Louisville— Tennessee—Memphis— Illinois—Quincy furnish a summary by Federal Reserve Districts: Week Ended Nov. 14 / '545,176 +10.8 + 16.8 *2,402|461 28,908,000 - ' 2,326,070 220,520,512 Eighth Federal Reserve District—St. Louis— and the Minneapolis In the Kansas City Reserve District the totals show Federal Reserve Districts 53,144,583 196,565,244 ' '■ —>."8.0 '*■ 4,504,558 517,171 ". '404,316,315^ 4——^T-^— Springfield—! group the 881,447 ' 12,209,418,. i Rockford Total ! 2,709,868 9,050,523! < Peoria expansion of 35.7%?, in the Dallas Reserve District of 7.8%, and in the San Francisco Reserve District of 27.1%. following 187,439 t.'< 44,440,490 v, • 14.5,.., ». 712,501 7.3 1,129,285 1,119,503 +63.8 309,860,757 348,248,872 — > 32,749,808 vl' 2,391,110 247,332, v ' i- 1 5,458,068 Rapids..—a.—.4__: Decatur— ' • 31,324,524 1,515,307.- i ______ Illinois—Bloomington_._-.__ Chicago i_._u— by 10.5%, in the Richmond Reserve District of 14.7%, and in the Atlanta Reserve Dis¬ trict by 22.6%. The Chicago Reserve District records a decrease of 1.6%?, but the In the 2,598,988 F8.5..*! >+22;6 1,626,457 1,413,772 -•»' 17,400,000 r .26,082,142 % , 56.6 249,217,112 , , >626,889! 4,993,178' ; 4,094,652 Sioux City—.... this it appears Reserve District of 14.2%?. + ! ' 1;344,672 18,945,000 + 40.6 2,903,722 31,575,000 7. i_, Des Moines_- ; Outside of this city there was an increase of 11.2%, the St. Louis Reserve District has to its credit an increase of 14.6%? :—>3.0 1,654,943 ' + 60.2 «.•■> 53,360,300 3>, 165,646 Haute'/..!—J.. Iowa—Cedar . located, and that in the New York District (including this city) the totals show a gain of 9.0%, in the Boston Reserve District of 7.4%? and in the Philadelphia Reserve District of 20%.. In the Cleveland Reserve District the totals are larger from ' ! 1—T-_ Bend Terre increase of bank clearings at this centre having recorded an increase of 9.1%. We cities according to the Federal Reserve Districts in which they are 1 - 10.2%, the aggregate of clear¬ ings for the whole country having amounted to $7,341,612,246, against $6,662,920,054 in the 25,655,727 80,400,000 : - + 13 i3. 228,345 ; .' 5,491,723 23,041,629 73,300,000 .+ -4.3 ' *l,gOQ,OOQ 20^123,000 38,099,165 3,321,067 , Cities)^—;,305,658,716;- : 1 statement, however, which we present further below able to give the final and complete results for the week previous—the week was an , , t- 5,199,751, 215,843^ r o '4,970,041 > +121.4 v rx • In the elaborate detailed For that week there ''*• W V+4>®:7 2,459,962 . 32,233,793;,;' 6.3 — 94v600,000 . -Orleanai__^:w—;75>029,)250 ;<vv Wisconsin—Milwaukee we are 6,480,382 -29,044,891 .2,564,605. Mo bile——.—.—,———j.——_ —,—v +18.6 + 1G;2 , t • Alabama!—Birminghami.J-j..>^^i.;V:i'.. ' 36,972,373/ Complete and exact details for the week covered by the foregoing will appear in our issue of next week. We cannot furnish them today, in as much as the week ends Saturday and the Saturday figures are not available at time of going to press. Accordingly, in the above the last day of the week in all cases has to be estimated. ended Nov. 14. 1 f >: -110,400,000 •• Louisiana—New v,;j ' Y' ?4,'159<000;>;V+40L5 :v.; ?- »• i - 35,272,079 - Mississippi—Vlcksburg—^-_.—.».rw—/ ^ + 37.4 1,372,031,382 i.'r V , +41.0 $5,649,900,522 $8,138,112,676 1^^879,525 •S „ - 6,071,122 ^ -;- Augusta— • South Total all cities for week———. }»v;] Tennessee—Knoxville. Nashville.—-I —I-..—b-L- r- $4,508,941,657 + 20.4 1,140,958,865 ,'+11.1 1,267,689,415 ... 43.3 85,074,184 . $5,430,738,815 - . . ^Seventh Federal Reserve Ten Other cities, five days— , Sixth Federal Reserve District—Atlanta-r-, +49.8 129,059,360 119,934,071 H., 'V+f , ,^lorida-pJacks6nvilIe_-^-^_--_'-+^L"'V/./.,? +36.i , f;, 19139 1)'- $ t . + 19.4 - ; - ... +.14.3 308,607,211 ; 14..-,'-,' V.r1' • . : , + 40.4 201,851,440 Ban $2,790,532,109 Nov, 1 . + 29.5 > ; ^Georgia—Atlanta-./..—v, .New 'York-'-ij.--—— Week Ended I - 1941 • r Monaa^J4ovembeiS23;i942 r687,162 630*f7ia'''^: 13 ;443;000,a ".ha 'ir. !f 3,:115, 69,698,923 ' 61,413,847 ,.-+13.5 I-' 49,834(306 61,650,474 ; 2,281,903 r -f,785,27p '+ 27.8, ' " '1,573,232 ..,1,505,708 Maryland—Baltimore—-J V' >tO22;552,858 - '^T03;432i327'>A-+18;5'Vl' 92,588,952 ' 88,624,349 District of Columbia—Washington-1.' ,•{:,r;. > -Washington-'.1 35,830;921' \ ; ? 35,150,709 ?+ "'O - *:■ -29,724,732 ■29,860,748 ' j. -'-v.-J >• i TL Totail ;(6 cities)' L, lll'-l-L:-"' 237,231,889! 206,810,679 /4-14.7/%/! 177,85T,384 /„ 185.386,992 i. '■ - fi r.\ Richmond--— I South Carolina—Charleston—^L—:~J-' by Telegraph Clearings—Returns i J VirginiaT-+Huntington—i*' 'i;B22-,284^< . summary for the week follows: A »yirgtoia+^orfolkfe.L_«4v^--M£'a-'^iu(4i^-^'V»5,-R46,q9p>: above those for the corresponding week last year. Our preliminary total at $8,138,112,676 against $7,021,931,904 for the: same week;ip 1941.' At this there is an increase for the week ended Friday of 14.3%. Our comparative center • , 15.9% stands -s .vv>te,tv > ;.y^i .vi:,,/•!/, t\ >IV'; Fifth Federal Reserve District—Richmond— ' , be ', + m, : V r Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 156 Stock and Bond Sales NOTICE—Cash and deferred delivery sales are disregarded In New York Stock «» DAILY WEEKLY - furnish Exchange YEARLY - the day's range, unless they afy the only transactions of the day. No account Is taken of such sales In computing the United States Government Securities Below 1829 the New York Stock on Exchange daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds Stock Exchange during the current week. Figures after decimal point represent one or more 32d of a point (See note below). we a Nov. 14 Dally Record of U. S. Bond Prices Treasury 4 %s, 1947-52 Nov. 16 High Nov. 18 Nov. 17 Nov. 20 Nov. 19 Dally Record of U. S. Bond Price* Treasury — Close — 4s, 1944-54 Low -— — — — — — — — — — Close — Total sales In $1,000 units——— «, — 106.12 —- — — — — — — aVaS, 1956-58— — 13 ; Total '. 1 3%s, 1946-56—: Total sales in Low [Close $1,000 units III III — — | High 3%s, 1943-47 " : Total — sales in — -— — Total sales in [Close 103.19 . 103.19 2 Vis, 1952-55 - [Close 2 Total sales in $1,000 units [High Low 2Vis, 1954-56 Low — [Close Total sales in $1,000 units High [High Low 2s, 1947 Low • Close [Close Total sales In $1,000 units—...—_• Total sales in $1,000 units— f High sales In [High . ■{ Low [Close asL March 1948-50 Low • Close $1,000 units Total sales in $1,000 units— High 3s, 1951-55 High Low 2s, Dec. 1948-50—— LOW Close Close Total sales In $1,000 units. Total High 2 Vis, 1955-60 Total sales in $1,000 units—" $1,000 units—. High 109.17 . sales in 109.17 — Low Close 2s, June, 1949-51 Low 109.17 —a Close 4 — Total sales in $1,000 units High 2 Vis, 1945-47— Low 2s, Sept., 2 Vis, $1,000 units [Close Total sales in $1,000 units — [ High \ Low 1948-51— — (High -j Low 1949-1951 Close Total sales in (High Total sales in $1,000 units Total 2 Vis, -I 1951-54 • . i Total jHigh 1956-59— Low 2s, sales in sales in 1953-55 ,' Close Total units—". sales in $1,000 units High 3y4S, 1944-64 Low Low Close Close Total Total sales in $1,000 units sales in $1,000 units. High High 1945 3s, 1944-49 Low —— LOW ^ Close Total sales in $1,000 Total sales in units—" 1948 -j Close $1,000 units Home Owners' Loan [High I Vis, — \ Low (Close Federal Farm Mortgage High «%s, 5 (High 2s, Low Total sales in $1,000 100.5 $1,000 units- Hign 2Vis, 1960-65— 100.5 [High * J Low [Close 1951-55 Total 100.5 $1,000 units [Close Total sales in $1,000 units J%s, 1958-63— 10 \ Low [Close 1950-52 (Close 2 Vis, 100.6 1 f High 2s, — 100.6 100.5 $1,000 units — Low Total sales in $1,000 units 100.6 100.5 \ 1949-1951— sales in 100.5 Low [Close 2s, Dec., [Close [High 11 Low ■ - 103.19 Total sales in $1,000 units Total 100.24 High ■ f High — 101.3 1 [Close 3s, 1946-48 100.24 $1,000 units 103.19 ' 2 3 Vis, 1949-52— 101.3 [Close -j Low __•! 100.26 f High ( Low Total sales in 103.19 103.19 Total sales in $1,000 units 3 Vis, 1946-49— 2 101.3 $1,000 units ay4s, 1951-53 [High : 100.13 2 — Low _ — — $1,000 units— 3 Vis, 1944-46—. 100.13 — Close . Total sales in 100.18 100.18 ■ *.„ Close 2%s, 1967-72 Low 1943-45—. 100.13 — — $1,00 units High 3 Vis, 100.18 ■{ Low High — [close Total sales in $1,000 units — (Close * $1,000 units — f High . I— III III Nov. 20 — - 2%s, 1962-67 {dose Nov. 19 -— \ — sales in Nov. 18 — 106.14 — — Nov. 17 the New York — Total sales in $1,000 units 106.14 — — (High — Nov. 16 on — f High — — High —„ — Total sales In $1,000 units— Nov. 14 f High \ Low (Close 2%s, 1952-54 for the year. range 3s, series A, High 103.6 Low 103,6 Close — 103.6 1944-52. Low (Close Total sales in $1,000 units [High High 106.4 Close 2 High sales in $1,000 units No LOW AND Monday Nov. 14 # per share •46 % •109 47% 110% "34% •46% ►109 36% *42 Va < per share I per there 46% 7% 46% *46 46 3% *46 *109 110% *32 110% 36% *109 36% *42% 43% *42% 7% 7% 7% 243% 24 24 *24 463A ♦109 *42% 43% 43% 43% IOO 7% 7% 7% 7V4 1,700 24% *24 *24 24% 16 15% 16 15% 153% 153% 153% 36% 36% 363% 36 36% 36% 36% 65% •62 2% 3 •80V4 87 5% 19 6 183% 183% 140 140 6 140 18 *60 *53% '137 •10% 10% *10% 103% 15V2 15% 153% 153% 153% 6% 75 *73% 6% 6% 63% •72% 75% *73% 26% 26i% 26 26% 18% 18Vi 18% 18% •% 1 •12% 16 1 *10% 63% 25% 18% 3 14,400 88 10 45 48% Jan 13 43% Dec 513/4 Jan 8% Nov 9 5% Apr 8% Dec Corp Reduction 17% Dec 24 % 9% Dec 15% 34% Nov 45 July Sep 75 Aug —10 Inc No par 10 1% Mar 24 Albany & Susq RR Co„ Allegheny Corp: —: -100 69% July 15 6 4,100 5% 5%5 4.000 5%% pf A with $30 war— 5%% pf A without war.: 13% 133% 13% 13% 13% 13% 2,500 $2,50 prior conv preferred-No par 18% 18% 1,900 18% 6 18% *60 18% 18% *60 65 18% 65 *60 65 - Alghny Lud Stl Corp Alleg & West Ry 6% gtd *53% 57% 53% 53% *53/4 6 600 1383% 1383% 138% 138% 138% 138% 140 800 Allied 103% 10% 10% 10% 10% *10% 600 *153% -100 -100 No par —100 Allied Kid Co 16% No par Allen Industries Inc 153% 6% 75 26% 18% 15% 16% 16 103/4 16 4,100 6% 63% 6 % 6% 6% 6% 4,400 *73% 753% 73% 73% *72% 74% 200 257% 25 % 253/4 20,000 25% 183% 18 3% 187% 25% 18 Vb 25% 19 19 1,100 1 600 14% 66'% 663% 663% 233% *23% 46 433% 24 44% 1 % 66% 66 3% 66 3/8 67% 1,500 24% 23% 23% 500 44% 44% 45 % 46 2,700 Chemical & 1 Dye No Allied No par Stores Corp 5% No par preferred Allis-Chalmers Mfg - Jan 16 May 25 60 Nov 3% Apr 13 9 118% Apr 28 10 — No May 25 11% Apr 24 4 Apr 28 64 July par 22 Apr 29 No par Amalgam Leather Co Inc- 3 143/4 Apr 17 1 H Aug 19 50 preferred 12% July 24 Amerada Petro Cnrp No par 43 Am No 183,4 Jun 30 25% Apr 17 Agric Chem (Del) American Airlines Inc par 10 49"% Jan 13 110% Oct 16 24% Oct 26 I6V4 Nov 13 383/a Oct 23 69 Mar 27 Oct 22 Nov 3 9 943/4 Feb 10 % Oct 2 3% Apr 17 3% Apr 18 9% Jun 23 100 - Alpha Portland Cem conv par —5 ..Allied Mills Co Inc 6% *23% 8 Mar 27 Apr 28 Jan 6 .100 5% 6,000 Jun Ala & Vicksburg Ry Co Alaska Juneau Gold Min 5% *12% 44 9 Apr 24 5% 14% 1839. Sep 5% 183/4 10 29 % 61 53% *7% 45 Sep 39 5% *12% page 54% 53% 7% 233% Dec 53% 147% 653% 553/4 34 5% 7% 23% Feb 12 5% *12% 653% 40 Jan 53% 65 Highest $ per share 43 57% 14 % A Year 1941 t per share May 14 n 1 23% see 40 15 65 Adams-Mills Air 2V4 $ per share May 14 Mar 24 Address-Mutigr Corp *83 t per share Lowest 31 H . Range for Previous Lots Highest 37 104 No par No par 1,800 65 100-Share 100 Co Express 4,800 *7% 24 footnotes 2% 87 Steel 16 *123% 671% For *83 100 Acme Adams 36% *60 of No par No par - - 153/4 16 •23% 46% 2% 23% 86 66 Basis Lowest 25 preferred 36% 1 •12i% •66 46 Va 2% 86 3% *61 65 Abbott Laboratories- Abraham & Straus—— ' ' 5% 14 65 6 27% 87 % 53% 14 *60 6i% 139 V4 6% 5% 65 •6 2% *80% 3% 14 19 •60 2% 53% 6V8 14% . *62 87 11 61/4 51/2 14 23% •80 % fs 65 24% On " Par 4% 7% 16 65 200 43% 36 65 . 36% 16% Range Since January 1 STOCK EXCHANGE 110% *32% 37 Transactions ' 36% 16 % NEW YORK Shares • 46% for *32% 36% •61 the Week I per share 463% 110 Va '109 Sales Nov. 20 I per share *343% 73% *24 Friday Nov. 19 44 *42% 7% 25 Nov. 18 36% •34% 44% *7% •24 47% 110% STOCKS Thursday Wednesday Nov. 17 t per share {Cash sale. sales. HIGH SALE PRICES Tuesday Nov. 16 tDeferred delivery sale. Note—The above table includes only the sale of coupon bonds. In registered bonds were: Low Saturday sales in $1,000 units •Odd lot sales. —■ .Close Total Low Close Total 106.4 Total sales in $1,000 units atts, 1950-52 1%S, 1945-47. 106.4 Low Itts, 1949-53 22% 73% 63A 149 12% Aug Jan ya Dec 5 Dec 1% 85 99 Va Aug Dec % Jan Dec Jan -10% Jan 3% Dec 9% Aug 27 11% Deo 21% Apr Jan 2 Feb 27 Oct 22 Jan 6 Jan 26 17% Dec 25% Jan "4% Deo U% 135% Dec 10% Feb 11% Dec Jan 163/8 Nov 18 6% Nov 12 81 Jan 13 30 Va Jan 3 19% Nov 12 IV2 Jan 26 18% Jan 27 70% Oct 22 Nov 4 48% Jan 3 24 73 5 6% Nov 6 6% Nov 7 17 x Sep 3% Jan 167% July 13 Aug 143/4 Apr Dec 9 71% May 87 Oct 24 Va 37 Jan 5 Dec 14% Mar % Dec Sep 21% Aug 1% Aug 20 Sep 10 Aor 41% Feb 63% July 14% Feb 22% Deo 40 Feb 58% Jan RECORD NEW YORK STOCK - AND HIGH SALE PRICES LOW ! IJ Nov. t 1 per share 5% ' ' *5% 28% 38i% 169 28% 3 Va 3 70% 169 '4 ' 24% 24 24'A 23% 24'A 23% 65 65 65 65 66% 66% *18% 18% *18% 107% *105V4 107% * *15 6 V« *5»/4 14i% 14% 99 98 99 *98 99 5% *1.4% 2 'A 7 '* *6% 23% 22% , "6% 22% ' 11/4 1 \\ 38Vt 1% 38% *35Vi 36 *33% ' 35 39% ' *33 35% *33 36 34 33 3 4 2 r! a 32 % *33 50 50% *49%' 50% 1% 1% 1% 1% 34% 33% 347)t 34V3 4% 4% 4% . , 4% 4% 4% 40 *4% * 41 , -•> 40 8% 88% 88% 11% 12 7% 19% 86 86'/a 86% 12% 12,% 12 Va 12% 11% 12% 6% 64a 6% 6% *6%. 6% 201/4 20 Va 201/4 19% 19% 19% 19% 19% 3,600 118 117 *25% 25% % 25% .'■■'IS ./ ■ % 17% 18%. % 25% % 19% 19% 177« 17 5% ' *150 I : *150 160 38% 39 149 35V4 1441% *142 142 142 147 Va *142 " 37% 38% 37% 147% *35 35V2 34% *142 144 to 144% 20 19% 20 19% 20 Va 19% 19% 10%"' 10% 10% 10% 10% 10% 10% 10% 20% % *89% 90 *22 : • * 20 441% 133%- 29 29 . 43% *89% 22% *22 Va 22% 22 Va 128% 139% 129% 130 Va 129% 6% 29 6% 28% 6% 6% 29 29'/4 133% 134 Nov 6 12% Oct 6 8% Dec 7% Nov 4 2% Feb V 29 29% 116 3% 4 *60% 116 *115% 63 * American Snuff 116 *115% r *115% 116 116 * 60% 60% 4% 4% *54V4 41/4 46 *41 4 *40 4 26 % 28% 28% *16 16% 11% *11 10 . .—No Co— 1% *1%; *32% 33 i 16 Va *1.6 16 Va *10% 11 108 1% 33 107% 32 " *10 ; *1% 1% % x32% 32% *106% 107 107 112 " *108% .? , ( Preferred ,. 100 '• V i—T ■■■:' 3% 3% *46%. 47' 47 *35 45 3 47 ' 46 *35 31 Va 30% 31,4 46% 45 *35 30% 29% 3 Va 3 3 Va V» 45% 45 30% *35% 40% 31 ;• 44% 46%. 40% 30% 3%' 3% 30% 31 7% 8% 4% 8 *7% *4% . 4% 734 734 '*4% 4% / 45% 50% 30%, — *7% > 7% 4 Va 4% 7%, *83 99 *82% 99 . *83 99 *83 *4%, : 7% 1 v *7% 4% *83 99 *83 99 ■ 6% *701% 75 *70i/2 63 *53 63 26 *26 / > 755 *53 26 6'4 27 , 27 %. 99% 99% 99% 44% 43% 44% 691/4 69% 67 69 30% 31 30% .. ■ 99% 43 *67Vk 31 30% • 6 75 *70% *53 44% 99 ' 6 % ' 6 *70% ,-No 27 *27 100 3,500 Constable Corp— 700 Arnold ! 500 Artloom '♦"/—!' 99 74 % V 100 7% 2d 27 *27 29 f 500 Assoc 100 100 . / 307S 67 V2 67% 291/2 ,,31% 46% 68 Va J ,*■ 29% 30 23% *22 23% *44% 45 *44% 45% 18% *106% 183i. . . 18% 6% *48% 56V2 >-, 551% 22% 22 •: 800 45% 44% -18% . *106% 6% 6% Xl8 Va 18% 110 '106% 6% 6% ' " 4914 *4814 . 56 23 44% 55% 18% 110 23 10O 18% *106% 6% 6% 48% *48% *55%, 49% 48% 55% 55% 55%' 115% 1151% 18% ■ 7,800 110 , 6% >7% ■ >. '■ *7% 7% ■ 116 116 7%., •. , 7Va 116 *115% ' 714 2%. r *8 , 116 *7 V> 8Va 115 49% *7% 8 — *1% *21/4 23% 22% 3% 3% 3% 3% 12% 12% 12% 12% 3% 3% 3% 3% 3V4 - . 22 *1% 2 21% *21 'A 22 3% 3,«; *1% 21% "3 3% 3%, 3% 3.% 12%, 12% 12% 15% 12 % 3% 3% 3% 3% 2 *21 Jan 27 43% Dec 73% Jan 50% Jan 27 43% Dec 74% Jan Apr 6 143% Jan 14 27 17 6 Apr 30 Va Oct 116% Jan 159 Dec 7 " Jan 23'% - 14 Dec 29% Aug 8cp 116% Aug 112 2 - Dec 3% x!43 7Va Nov 20 Jan Nov. 13 2% Deo 70% Feb 3 64% Dec 18 5% Jan 6 3 % Dec Aug 10 76% Jan 14 4 15 7% 2% 14 Jan 13 r 14. Sep 8 ;■, 22 v.- Feb 28% Jan 46 Aug 81% Deo 5% Jan 50 Jau 8% Feb 51 Jan 99'/a . Jan 56% July % May ,30 • July 1 30 Jan 5 24 Deo 35% July 12% Mar 11 17 Jan 3 11% Apr 17% par Sep 112% Mar 19 110% Jun 115 V* Oct 7 Deo .12% Jan 2% Jan 107 May 26 7% May 20 1 27% Apr 27 102 Sep 42 21 " Jan 35 28 15 10 4Vs Jan 67'% Feb 2% 4 21 66 Jan 31 Va Nov 8V4 Nov 14 4% Oct 60 2% Apr 79 100 28 May 26 82 70% Sep 72 Sep . Dec ,34% Jan 6% 6% Dec 91% Oct 5% Dec ,10% Sep 4% Apr 28 6% Jan 5 61% Mar 24 77'% Jan 8 78 Dec 53 Jun 20 Jan*9 29 Sep Jan Deo 87% 3 July Jan • Dec 3 17 5% Mar 20 par : Sep 5% Jan 6 Va 16 Sep 112% Dec 47V* Jan 21 2 33% Feb 20% 4Q% Oct 21 Jan . Dec 108% Mar. 14 11 Sep % 111% Mar 12 29 2% Sep • 12% Oct 1% July 28 Mar 11 88 8ep Jan 17 76 Dec 102'/* Aug 27% Sep 16 20 Dec 35Va Jan 96% Mar 83 6 100 Nov 17 82 Aug 2 53 Oct 3 18 Jan 31% July 7 53% Dec 70% May 5%;>:preferred_'—AA!_A, 72% Oct 2,——100 19% Jun 2 34% Oct 9 Lines——A—1 100 16% Jun 24 Jan 5 13% Feb 45% Oct Coast & G Line RR W I SS — 3 16 Va Jan 56 Nov 23% Jan 28 19 Va Jun 28% Dec 99% July 20 109% Feb 7,111% Sep 6% Sep 21 —. conv par 100 preferred2—2 Corp————No par Nichols,/.,—.2—2—No par Atlas, Tack 7,600 priof. A Aviation, Corp of Del 4,900 5,500 2,800 ; May 6%. Feb. 47'% Jan 5 61 17 111 26 6 2% Jan 9 70 516 > 16 Feb 107 Jan May 23 May 25 Apr 30 -1% Apr 17 5 9% Jan 43 111 .7 20 . Apr 4 S 2% 9% Jun 29. 14% Jan 2 10'% 2,% Jun 3 .100 4% Jun 23 (The)———3 24 . , , . .7% July 51 %. Nor 72V* Jan 121 Oct 9'/*, July 3% Oct May 13 Nov 2% Jun Feb 1% May 4% Jan 15% Apr 28 . Feb May t. .100 Baltimore & Ohio,—2—A— 5% 50%, Jan „13 Baldwin Loco Works v t c_, 3% 46%. Apr 25 7 2 —No par $5 28% July 45% Jan Mar 16 14% Apr ——25 Powder__22—•—2—_N0 34 '13%' Feb 30 33 v 100 Corp— 5 preferred—2—^-50 6% "20 . . - 5 % 2 22 168% 25 Austin 3% *1% Dec * ' 2% 22% *2 2% "2 *22% 115% 49% Jan 24% Aug ;/ preferred— Atlantic Refining——2 / 4 % conv pref series A i 40 100 8 6 ; 81% Jan Atlas 400 . Sep 27 V2 Jan ,5 %,. 200 56 11% May Aug 14 23 Jan 60% Jun Atlas 2,200 115 81 20 .22% May 20 50 par preferred-!—-A- — —!_!l00 ' *115% 116 *115V4 -2-- / 13 14 100 Atl 900 45 Aug 52 Investment Co-!—. —No pari Atlantic 13,200 "44 22 *44% . 111 14 49V4 *56 56% *56 *21 *106% 6% *48V4 49 % *43 45'4 1/4 111 6%. 6% 6% 23 *44 Va 19% 18% 111 1/3 18% *107 *21% / Sep 19% 13 97Vs Jan ——-100 Atch ' *22% 98 • 11% July , Topeka & Santa Fe- 5 % f. 360 24,300 *67% 67% 30% ; 6 : • 44% 44%. 29% 68 44 22% 3% Apr preferred——— Z——100 —100 preferred—— 1st 60 44 14 Feb Jan 21% Jan Mar 26 1% Apr —5 — preferred— 7% *50 100 + ' 100 100 13% 23 Associated Dry Goods-?— A 1,700 6% *71 43 % , . 58 67% 44% *6'/a - Dec 29 —5 —No Corp..—— 74 *7Q% 28 • . Dec 6% 108% May —No par f;6 conv prior preferred— 100 7 % preferred——— —No par Armstrong Cork Co.. 27 60 v. 100 1Q0 6% Deo 8% 22 ■ 20 Co of Illinois—. & 58 75 *50 •? 63 6 : Jan 15% 21 3% Apr - 6% 6% 6% 28% 2 4 Oct — ; 7% X4 Va 4% Jan 3% Apr • 12.50 Copper ' 4% Jan : Feb 38% Jun Armour • Sep 54 150% Dec 12 134% Jan ., Mining 5 A P W Paper Co Inc,'—•.; Archer Daniels Midl'd—— ^No par Armour & Co (Del) pf 7% gtd—100 300 ,> 31 139 Dec 12 39.Aug 14 11,400 44%' 44% • ; *35Va 50 Va 31 155 Mar 29% 21% Nov 1 ' ' 45% July Dec 138 Mar 14 29 ' '5,500 3%; 3>/s 3% : 33% 14 2 25 ' .« 40% July 33% Apr 24 par Smelt— preferred div $5 800 f 10% 3 17% Jan 100 Anchor Hock Glass Corp— 200 } ' Deo Dec 3 101 % Apr par — Andes 1% —No Anaconda- Copper MiningAnaconda W & Cable—— —No j,;' 32%: 6 29 7% Jan 15 Elec^__ —No par prior conv preferred! $5 60 4 Oct 9 14 144 78% Mar 27 ——100 Woolen——!— —No Amer Zinc Lead & 17,900 j Jan 9% Jan 16% Jun • par 10 preferred— 1st American 800 | Jan Jan 7 >1 & Water Wks $6 7 f 2,700 107 11 120 preferred———— 5% Am 10% 32% *106% 136% Jun Viscose Corp—. ——14 American 15% ; Dec 11% Nov 29 •34% Apr Foundries Inc. Aug 73% Dec 4% Jan 7 % Jan 165% Feb 50 20 Jan 39 35% Jan 12 Apr ,——25 preferred t6% Amer Type 800 V > -29 3% 46% Jan 9Dec 13 17 Oct 8 May 25 ——100 B class Common 500 f 112 *1% 1% 32% 107 . 6% Feb ,25 Tobacco...,—— American 200 30 *10 10% Jan 24 Sumatra Tobacco— —No par —100 rAmer Telep & Teleg Co- 11,900 • 26%.,. *16 *108% 3% 46 , 25% 12 4% 26% Aug . Dec 155 59% Oct 28 Mar 11 Apr 3% Deo < 6% Nov 9% May 25 52% Apr Am 200 16% *39 26 Va *28% 112 1% *324 a % 30 *108% 11% *1% ' 33 108% *108 108% 25 *28% Jan —-100 Preferred A——— : 100 4,700 4% 4 165 • .r—No par Stove J5.490 57% 57%; 4% 17% Sep Dec Dec Jan 22 Sugar Reflning- —A—100 47,400 4 4 . 26« 6 Vt 23 Jan % Jun 121 20% Dec 15 Foundries,—! —No par Steel Amer A. 510 59% 59 Va 46 *40 ', 23% Jan >13% Jan : Mar Jan 3% Apr 25 142% Jun 22 ,25 — /American Stores 9,800 116 3% 30 16% 112 *10% " 4'/a 25% *28% 16% *108 11V2 *10% 1% *1% *32 % *107% 112 *108 % ; 55% 55 46 " 25 , 4 4 55 % *40 25% 29 *16 4 4% 46 26% 112 61% Va 16% *16 *108 *59% *55 -v" *28% 26 60% 4 29 26%"' 26 V8 *28 % 3% 551/4 55 46 *40 ' >- 4% 3% % 4 41/s 55 4% ■ 6114 3% : 111 Jan 17% Dec ,151% Apr Jan 23 par American 29% 1 116 116 3% *59 Va 3% 4Va 55 56 *4VB - 3 % *59 Va ■" • ' *4 , 3% 3%. • ■ 50 95% Dec 7%, Dec 77'% 26% Jan % Mar 14 15% Apr preferred-,—, —100 6% • ' 38 , , Feb 12% Apr San'y——No par v . 23% Mar 119 21% May 21 A — ,— • *115% May 15 16 Apr 29 113% Feb 20 preferred-!————-No par preferred—i--No» par American I 7% i 29% 29 Vt 4 Co———No par Light———No par .tPreferred !—— ;2,000 133% < 7% ,;?% & 26 9% Apr 30 News Power Rad & Stand Am 65 preferred-!—100 6% American 600 i 43 %l, 42 4% Oct Sep 13%: Jan Deo 6% 91 4,600 ; 22% 133 131 6% ■ , 441/2 43 % 44 Va 4414 133% 43% 43 V 7 9 500 41% 43 3 4 Jan 10 131% 41% 45 134 6% 28% 1 90% 4344 Oct 4V< Jun 1,700 90 *89% V 2% 30'/s Dec 26 19% *22 Va ' Dec Feb 2% Jan i 11% 19% 90% 134 44% .. *11% *89% > 1 20 9 - 6 conv Amev (1,200 51% Aug Dec 17 Nov 5% Nov Nov i . >. Jan May 29 2 35 14 36 % Oct 10% 20 5 6 Mar -2% Apr 43 c: 20 ; 1291% 43% 441a 6% 6% 6% *19% ,, Aug 42% 9 148 . 11% 11% 19% 128 V« 133% 133% r. 11% 19% 22% 431/2 44 Va 44%' 133% 11% *22 V« 129 43V2 43%" 43% 90 22% 128% 129%- 129 20 90 *22 Va - 11% 2014 .90 > *11% 201% *89% 22%- . 11% *11%' 11% *19% , 33% Nov - 20 190 i 34% 144%; 10% 10% May. Oct 16 51 35% May 14 i 19% Va 19 ,"19% 10% *142 27 36 % 13 132% May 14 . 148 35% Jan 100 : 38 147% 19% *111/2 29 >: 147% 38% 149 35% 35'4 29 . 11% 29 29 7% *11 11% *11 29% 38% 7%' >," 8 8 8 11% *147% ' 144 % *142 , 7% 29 29% 38% 38% 147 35 *33% 34%" 34% 38% 147 147 ' 28'% 29 Va 29 % 29% 29»/4 38% *147 * *11 Jan 4% 21 .'5,700 • .38'/» Dec Jan ,1,230 8 Feb 2 Smelting & Refg—_ :-_No par 10% 56% 11% 29 10 Amer 10% 56 . 17 3,500 10% 56% 8 Sep Oct 3Va Jan 35 ' Ship Building Co„ —No 1.0% 56 Va 11V4 24% Amer 10% 56% > Apr 470 10'4 56 Va • 11% 600 1034 571/4 9 8 24 25 Sep 37/s 32% Sep -1% Jan Jan 28% Dec X36% Apr : . Feb _—A-*-1 par Aug ~1% . lVs 1,600 10'4 56% 11% Deo ; S 10% 58'% 11% Jan 14% 8 preferred--——A—50 preferred—100 6% -I Jan 9 , f 10% *7% 3% ~~% ————100 American Rolling Mill——!——-25 41/2 % conv preferred———100 American Safety Razor—18.50 American Seating Co, No par 57% •' 2 1 1% 38% Oct 2% May 26 • Sep 9% Aug ; . 19 22 Preferred 10% T 9 Oct % Sep, 17 10% Jan 13,900 58% 11% NOV 7% Nov 16% Jan $6 10% *7% "'■< 251/2 Jun $5 58% *11% 27 40 V4 Nov 160 , % Jan 3V4 May 27 . 5 (3,500 6 Dec 6 3,200 17% % 3 6% Jun 400 19 5% 7 . 5% Oct lee———!— —No Aug 95% Jan 35% Mar 4,300 ,% 16% 6 *150 160 % 18% , 17% 5% 6 > 19% 17 Va 17% 5% 160 *152 156 *150 156 ' 19 % 5% 6 25% 25% r.| Feb 43% Oct " in ■ -4% 78 preferred-!,-,——v—,50 250 116% 116% 25% i.v 25% % ■ 20 1 17% 18% 5% 6 19'% 20% 20% 20%- 7 a, . 117% *116 117 25 s s 1 ' 6 *150 118 118 25% ■ xl9%" 4 , Locomotive——No par Preferred 100 Amer Mach & Fdy Go„S——No par Amer Mach & Metals——,-No par Amer Metals Co Ltd—NO; par ,2,800 ■ 16% Nov. 7% Mar 11 2 Products. Jan 19% Feb 6 Jan 8% Dec 9% 7 27 99% Oct 2 5% Si,700 U'% 118 % 20% 18 86 12 % 4% 6% Oct 22% Jan 18% Jan - Nov 1 May -1% Jan conv Jan xl7 "J 4 American 1,000 86 3 V 12% 20% 26 ,%■ 86 ,86 86% X6% 13 3% May 25 % Jan 121 14% July internat. Corp—i.. No par American Invest Co of- III——4,-1 300 7% Oct 1 Power,———No 23 115 9% Mar 6 2 6%non-cum 4,300 11%' Jan 48 5 ■ 79% July Feb Apr 92 Amer . Jan Jan Jan 34% July 90%, Dec 95 ■A Jan American ...» 500 5 87-% 7 ' 119 25% 8% 8 Va 1 11% 19% *118 8% 45 95 Yt Apr 107 2 par For\v & American Home ,5,700 ■ Mar 16 $7 2d $6 400 86 , 7% 8 r'« 8% 8% 69 Aug 185 16%. Dec Mar 24 American-Hide & Leather-, 8'% '8'A 'A " 8 8% 110 preferred—,No par preferred A-—:—No par preferred!-!—!--——No par $7 •" 2,300 40% 40 41 - 8 May 27 9 Amer •2,600 ,'"5 '*4% 5 4% *38% ' 56 33 16'AJun 400 . - 23 3 American-Hawaiian SS Co——V^IO .( 4% 4Vg 4%; 4% ' 5 *39 Va 5 % 5 5'% 40 *38 40 . 6% 35 *34 Va 35 *34% 2 13 20 % Jan 105 pref.<?rred^^———,100 No par Am Coal Co of Allegh Co N J——25 American Colortype Co—————10 American Crystal Sugar——10 6% 1st preferred—100 Amer Distilling Co!,,————20 American Encaustic Tuing—-—2.-I Amer European Sees———No par American Export Lines Inc 1 600 1% 1%. 1% 1% : 1% 35 35 Jan 73% Jan May 26 May 20 3 Mar 16 Jun , 130% Oct Apr 1 55% May 21 par 700 50% ' *5% 5%" 5'/4 *38 *1% 1% 35 4% 4% 49% 49% 50 *491/4 51 *1% *33 % 20 " fy Cable Inc.-—No American Chicle—-,,— < 36 50% & Fdy No par !!j———?—100 Ca,r Chain I . 2% , 159 ; ? 34% *2%. 100 Preferred il,500 34 *33 36 50 35 - 34'/a *32% 2% *2% 2% *33 35% American Am 600 Jaht 39 Dec 3,100 /'••» Deqj • Dec 157% 30 > 4% 4 % 32 Va *33 34 2% ■'"2% "2% 2% 2% ' ■ 55% 3 ,2,100' 39% *38 4% 34% 4% ' *2% *33 13 v ,4% 32 Va * ,34 VS *33% 34 34 •\ 33 35%, *34% 34% *4% ■4% 73% Nov 176/ Oct I 100 1% 1 % 1% 38% 1% 39% 4% 5 5 5 56% Apr 29 Mar 12 1 % Apr , tPreferred .72,900 7% 23% 23 23'A '■ 5 IV 2 *6% 7% *6% ■ 23 11,4 39 38% : 10 — •1,800. 15% . 13 3% Nov " 7 % 23 - 40 *38% 2 10 ,1,200 s : *122 Va Aug1 8% Dec 130% Feb —- '1 100 >15% 2 *1% 3 * 22% 38% 1% 1% i% 1% 71,4 > " 14% ; 14% *98 15%: 15% 15%, 15 15% 1 % 7% 23 1% l'A 151/4 2 Va *7 23% *23 ■ 15% 1% 2% 7 ■' 15% 15% ' 6 *5% .. 14% 100 100 " 15% 6 *5% 14% 14 Va *98 / 20 *15 20 *15 26% Jan : > 20 5%. 'conv > 15 9% Dec 24 there, 47% Dec 20 .33 t per Apr 3Va 26 Nov 6% Oct 49 Apr '" -1,000 •i 120 800 91 91 5% 41% 9% Oct 14 3% Mar 11 Brake Shoe & Pdpar 1,100 *1051% 107%., *105% 107% 91%, 92'% 91 20 *5% 5% 14% - *98 . *15' 20 14% 15 15 91. / 18 Va 2 38% Apr 28 3,000 18% ■1.5% Jan ' j Highest4 A I per share share per Apr 470 67 18% > Par Note—,10 I share preferred———*—100 Amer Cable & Radio Corp——__1 American Can— 25 3,500 24% 24% A I per SVtVconv 17,900 174 *66 67 18% 107% *51/4 6 Va *5% ' *15 *105Vt > 18% 90% 90V3 20 *15 20 18 Va 1071a r—f O. tf5 91% 91% 91% 91% 18% 18% 18% 105.V4 . 24% 65% 24 66% 24% *65 3% ,70% *172 171% 24% 171% v:. • Lowest 23 Am 280 71'A 3 3 70% 70%. 71 169% .'A.',"-,.-.- ./- /• ' ,• • 100-Share Lowest preferred-!-50 American Bosch Corp,————1 1,900 128 :,;/;> 1 Lot* Highest Basis of On 6% 300 28% 28% *125 EXCHANGE . Range lor Freviotu Year 1,9*1 V. Range Since January ... STOCK American -Bank. 180 5V*. % v-r.Z; 3.400 49 5% 126 3 3 Va 72 Va 168% 9 Vs 9 ViT 28'A 125'A 127 70'A 169 169 126 188% 73 W 72% 73% 169 127 2% 3 2% 3 2% 73% * Share* 48% 5% *5% 28% 38 29 127 127 *126 127 5% *5% 5% *5% 28% 29 *28%. 127 5% 5% - 48% shar§ per 9 Va 48% 48% 48% 48% share 9 9 9 9 % 48 % *48% * per I per share share per 9 9 *48% 48% 48% t share per 9 9 9 " t ; . ' stocks YORK NEW for the Week Nov. 20 Nov. 19 Nov. 18 Nov. II Nov. 16 Sales Frld|ay Thursday Wednesday Twesday Monday Saturday Monday, November 23, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1830 25% Oct Apr 5% Jan B 5% ' 6% *5% 5% 29 V* 291/4 29'4 11% 11% 11% 6 *5 6Va *5% 6 6 Vs 30 *28 *28 30 *11 11% 10% 11 *14% 14% 14 14Vt 23 *26% 27% *87 . 30 22,% : ! 11% 6 Va *5% 30 10% • *5 29% *28 11 1314 14; 22 22% 10A 12% • *21% 32 22 Va *104% 105 *25% 28 *26% 28 *26% 28 87 87 *85 8% 8% 9 *20% —' . *8% . 13 13 90 9 *20% 12% *86 *8% 12% 13% 11%, 5% 30 30 11 11 -14% 14% *21% *26% 28% *88 92 9 8% 8% 11% 5 Vz % ' preferred-——— Barrisdall Oil Co__ 8,000 . Bath * Cigars Inc,—— 300 Bayuk 25% 600 Beatrice *26% *87 *8% 28% 92 100 9 200 *12% 12% 12% 12% _No per -25 "No 20 par -50 103. 64 Beech-Nut Packing Co,— "_No par Belding-Hemingway—,,— 9 9 102%- Dec 106 Oct 30 24 28 %; Feb 32 Apr 110% Jan 10 Jun 126 Jan 9 Oct 16 20 Nov 9 2. 3 Apr 8 24 6% May 14 May 20 Dec 20%. Jan 57 19% Dec 51% Dec 89% Jan Dec 131% Jan No par pfd $2.50 div, series '38 .No par 46% Mar 18 No par 110% .110% For *110% footnotes see 111% page 1839. U0% 110% 110% 53 54 53 22% 22% 22% 56% 56% 57 110% 110% 110% 110% 110% 600 800 8,900; 800 Pr Best & Co___——— (Del) — preferred——,— Bethlehem Steel 7 % Oct Aug Beneficial Indds Loan——. 56 % 41% 10% Bendix- Aviation— — 1,200 *22 Apr 50 6.300 14%, *53 32% 54 34% 14% V3 8% July 17 15V4 Nov 12 34% 54 Dec 39% Jan 15 Va 56 % 9% May 20 34% 23 6 10%,, Jan 5 15% 56% 108 17% Nov 34% *53 27% July Oct 15 Va *22 10% July Oct 34% 231/4 Dec Sep Sep Feb 15 57V4 20 35 26 34% 53 24% Mar 31% Mar July 9% July 105 15 53 22% 18% 13 Apr 34% 22'% Dec 10. 14% 56 Feb 6 Nov 34 53 7% 13% 17%, Dec 20 15 23% Dec 23 34% 57% 27% Oct 15 23% Dec Jan 34% 56% 8 % 12 15 *52% 12% 12 18% Jan 35% 53 34 Apr 30. 15 57% 12% Sep Dec 7 3 34% 23% 3 %? Dec 2 28% May 21 9% May 6 53 20 III " *22% 57 % 6% Jan 31% Sep 23 Mar 20 23% Jun 15 Belgian Nat Rys part pref— Bell Aircraft Corp—— 8%, July 6% Nov 15,% Apr 30 Jan 5%,July Dec 25 8% Jan 12% Jun. 19 Dec 3% 9 4% Apr Deo 2»% 27 12% Nov 24% Aug 20. —1 3,300 2 . 4% Jan 28 7% Jan 6% Mar 25 —20 Creamery,,—-2 $5 preferred w w——. Beech Creek RR—2— Jan —5 Iron Works. Corp— 22% 104.1% 105 par Apr 15 -50 - 3,900 r *21 *21 12% 100 30 Barker Brothers—— *24%. 24% No 300 5% 22 .,10 Barber Asphalt Corp— 1,700 4 400 Conv *21% 22% 24% .,50 Bangor 150 12 14% preferred— — & Aroostook— 5% preferred^—1— 4% 5% G04V4 105 92 • 28% 6% 10% 24% *20% 12% *5 *28 11% *29 13% 5% 5% *5% 11% 105 5% 29% 11% 6% *34i% . 28% 11% *104% *24% *5 5% 25 24% 5% 5% 29% 105 13 13 22% 2.5 90 *8% 5% 5% *104% 25V4 105 *201% ' 11%. *11% *221/4 3% 29% 12 *25 12 3% ' 30 *104% 123a 5% *5 Va *29% • 3% 6 Va 6% 61/4 6V4 12 No' par 400 17% Apr 27 49% May 25 105 July 1 Sep 24 24% Jan 19 66% Jan 2 Jan 7 121 115 Sep May 34% July Volume Number 4137 156 THE COMMERCIAL & FINANCIAL CHRONICLE LOW Saturday Monday ll Nov. 16 Nov. $ per than f ♦251/2 *163% . 26'A 17 6 '/a *62 16% *16% 163/4 16% 6% 61/4 6.% 131/4 131/4 *12% 93/4 , . '. 25% 25% 6 3/4 *8 3/4 93/4 ♦62 16 16% - 16 I6//4 15% 16% ♦36 37% 36% 3 6 :,/4 36 36 ♦89 91 89 89 66 y *16Va , 13 % " 13% / *8% *12Va 64 *62 1 15 3/4 *62 ' ' • 63%/ 68 I6V4I ; 353/4 36 36 • 36 - ■ • 16 ' 1 i •. 353/4 ' " $ per share Par . t per share Bliss Si Laughliu Inc 5 11 No. par 8 Apr 30 12 Jan Blumenthal & Co preferred—-.,-100 58 July 15 70 Boeing Airplane 13% May 20 36 V4' Co--— 5 Bohn Aluminum & 1,200 ,—-5 -5. Brass„— Year 1941 Lowest 14'% Jan Blopraingdale Brothers- 7,000, .?• Range for PrevUos Lot« Highest 140 1 16%- 64 . 15% >15%. 100-Share 140, 1 10 of 1834 Apr4 143A Apr 200 2,900 13% Basis Lowest Blgelow-Sanf Carp Inc_, No. par Black & Deckei1 Mfg Co^.—Noi par Blay-Knox par 1,200, < e3/, ■ 103/4 On • 5%» 57/8 Range Since January 1 STOCK 300 ■ 17 •16%» ■ YORK EXCHANGE Shares 25% 25% , 6 .•12% • \ht Week 1 per share 17 •: 57/b 6% •11" *8% 25 Va NEW 21 153/4 9 Deo 31 V$ Dec 23 7/« Aug Sep Deo 10% Jan 3 13 Dec 18 3/, 2 10 Dec 17 Oct Apr 7 70 Dec 90 Mar 21 Ve Jan 6 123% Apr 24% 25 V# 7% Jan 14 3 * May s2 38%'Oct 9 7?« May 29 95'%-Feb 16 89 Dec T *35% 353/4 157% : 26 Va 26'/a *2% f 2'% '>29 . *17% : ' 9% 20'/a 20% *35 35% ^ % 10% ■ *1 , , 1% ,,.*29% , 7 / , 2% .7 2% - *26 26% 18% ' *56 9 20% 26% 26 *18 183/a *18 57% 56% 56% *56% 57% *51% 52% *51 % 52% 9 9 8% 9 3 3 3 3 46 *40 46 *40 7 5% 20 5% 5% 5 % 20% 203/a *20% 3% 3 3/4 3% 9% 21 7 7 7% 93/a 938 .-%*9% *13 3A *53 ; •• % 7'/a 20% 7% ". 163% 16 16 15% 16% 15% 153% 16 16 13% 13% 13% 13 13 13 13 13 30 30 *28% 7 *33% 1 63/4 , 35 ( 39 *41/4 *33% 43/4 *363/4 85% *28% > 6% 6% 6% 35 *33% -85% - 43/4 38% 85 % 85 85 28% 28 4% 30 - 6% - 343/4.. *363/4 V4 »A *28 • 3% *3% 3% 73 3% 73 71 71 125 *124% 125 *34 4% 4'A 38 Va *263A ■ 84% 85 27 36% \ 363/4 26% ,36% 26 26% *93 ! 69 . 69 124% 363/4 27 85'-- - ' -85'A 27 ' *25% *3 >' 1243/4 -. 36% 257/a 25% 95 95 119% *118% 119% *118% 119% 94% 94% 9434 94% 94% 75/a 7% 7% 7% 30% 94% 7% '7% ■ 70 70 *163/4 )• 2% - *963/4 *3% 13% , 323/4 323% 3% 25'% 119% 94% ■ * 30% •"/ 7'A • *94% 7'A *73% 95 ; - 70 70 70% A'70% ! 17 17 16% A 2% 32% • 32 3/4 3% .13 323/4 *323/4 33%' 3" *17'A 18 - *17 Va 18 18'A 18'A *18% 3 100% 30 187/a *99% *99 3/i *8 9% 100 100 9% . 34% 35% 9% 35% 34% 2% 2% 2 8 7% 2% *2% 2% 2% 12% 12% 11S/8 65/a 6% 15% *15 *36% r:37y2 *36 *48 *6%. 50 *% *13% .7 37% *36. 483/4 *48 % *48 160 1 *% *1/ '/a *3/4 b% - % , *% 3 3'% i8 t *148 95'%; 37% . *62 "'•A/ 2'/a 17% *6% 15% 2 Va¬ ■ '7 36'% *35 37 48% fe *48 483a - 200 / • 163/4 *106 1 *% 1 '% ll3A *11Vi 11% *11% *13 Va 13% *13% 133/4 *13% '1% *l3/a e *'% 133/4 ■' 1,0001 2,500 *14% *23/4 -1 Va 4 *62 *3 1 400 7 143/a For 15 20 *10'% 10'A 10'/a 10'/a 98'% *973/4 *33 40 *33 40 *33 40 *33 40 3 *2% 37% 37 *— *111% 28 Va *100% 813% *48% 39,% , *23 24 ' 23/4 2% 2% 37% *36% 37% 75 75 112%- 111'A 283/4 111% 24'% 64% ' 2% 4 *23 65%' • ; ,65% • 2% 37 " 37 *._ 2% 75 •110% 112 28% •29% *28 100% 101 100 3/4 *100 66 3% 2% 37 37 «__ ■ - . ; 66% Nov • 9 . 13 53/4 laA 6 Nov Dec 24'% Oct 26 6'A Feb 13 4'A 6 21% July 21 37/a Jan 14 10% Nov 2 Jan 100 July 7% Apr 12 Jan 7% Nov , <■ Dec 94% Sep Mar 64 V. Nov 11 Deo 1% Jan 4% Deo 7% Jan 9% Nov 1Q7/# Jun 26 V# Deo 14% Jan 17 Va Sep Jan 2 26 Aug 29 7% Nov 37% Feb 3 2 16 4% Nov 10 Deo 32% 9 ; 40 Deo 1% 5%. Aug 39% Apr Deo . 3% July Apr 29 37 Feb 5 33 Deo 41 >77 Apr. 14 89 ■> Jan 28 79 Dec 28'% Nov 2 22 Apr 92% May 30 Va Jan 22'% July 2 2% May 18 543A Apr ' 117 30 Jan Apr 3% Nov 74 24 23 H00 110 Apr 29 Apr 2'A x Deo 3'% 17 77' par ^.100 6 66 9 43 Feb 8 112 Mar Jan3 30 Deo 50% July 18% Deo 293A July 26% Nov 13 95 Nov 22 87% 125 Apr 95 . Nov 116% Mar 3 122Va Deo Deo 10 V# Jun Sep 20 8 % Jan Va Aug 12 71'% Jan 5% 65 3 Deo 75 15% Jun 22% Mar 9 1% Deo 2 108% Deo 1 Deo > 23% Jan 27 27 31% *81 83 *61% 50 *48% 50 *48% 39% 17% 14%' 105 *62 17% 105 14% 3 31 'A 16% .*106% *14 62% 16% 110 143/4 * * No par 110'A 10,100 • 400 Clark - C C C & St Louis Ry Co 57<r 240 / Clev 300 Qlev Graph Bronze Co 230 , 5# j 82 *62% 627/a 17 105 *106'A *14 '31% 39% 32 *149 82 3% *62 Va 62% ■16% 110 14% 16% *104 16% 83 *62% 32 2,700 100 ■ 83 y4 1,600 . Climax 627% Class" A 17 *104 16 3/a 17% 105 16% \165/a *105% 14% *14 200 $4.25 * 110 . i——— No. par 1 100" 33/4 3 3/a 3% 3'% 3'% 3% 3% 420 3% 3 3 3 3 3% 3% 260 143/4 14 3/8 14% 14 3/a *14 14% 14% 14% 143/4 14 % 1,600 14% 14% 14% 14% 145/a 800 107% Deo 18 Jan 36 3% Jan 27 31% Deo 44 Va Jan 98 93 Deo 102% Feb Apr 8 16 Corp No par ; Columb Br'd Sy» Inc cl AJ Class B 1_ >100 Feb 7 2'% Nov ' 6 Deo 5 8 3% Nov 2 2 3A Jan 26 1A 133/4 Sep 16 7'% Nov 1 Sep Oct 13/4 July 3% Mar lVs Mar 6 V# Mar 3 Oct July 11% Nov 9 3% Deo 3 9% Feb 393% Jan 21 37% Apr 19% July 44'% Jan July 16 52 49 Apr 64 17% Jan 8% Jan Jan 5 % Sep 1% Sep ?8 A Deo A 24 % Jan 1% Sep 25 A Deo A July % Jan 8 V# May July Feb 11% Nov 9 133/4 Feb 27 2 % Feb 6 1 Dec 3 Jan 13 20 Deo 27 Aug Jen Jan 2 67% NOV 10 41% Deo 72% Jan Jan 3 Jun 25 103A 143/4 Sep Sep 8 Deo Aug 18 Deo 14 40 Aug 2 Deo 4'/# Sep Deo 40'/a Aug Oct 85 Jan 115 Aug 34 Apr 3 Jun 6 393% Nov 4 29 V# Mar 10 703A 72 03A Feb 92 103/4 Aug " 3 99 25 112% Nov 16vh 109 % Dec 103A " Feb 104»% Aug 46 % 13 24 Oct 100% Nov 18 98 May 84% Mar 10 «1 Deo 84% 48% Nov 50 27 Feb 44% 29'A Nov 50 Jan 26 44 Jan 5 36% Jan :3 28% Feb 333/4 105 Feb Jan fiep Oct Mar 397/# Deo Sep 7 142 Dee 148 Sep 83% Nov 20 78 Deo 106 Jan 63% Jan 9 60 Mar 25 740 July Jan _ 149 22 Feb 25 11'% Mar 13 97'A Apr 25 10% May 7 96 " May 1 —No par Colo Fuel St Iron 14% 22% Deo 53A 470 par Colorado St Southern—'—'—.—ilOO 4* 1st preferred. _L H00 14% Deo 95% 55% Jan 28 . No par No 540 2d preferred- 14% 6 9 139 —No par 400 4% 29 9% Oct 56'% Mar 24 -100 2% . 18% Oct Jan 100'% Nov 77% May 14 4T May 2 32% Apr 28 253% Apr 24 50 14% . 21% Jan 92 —50 2% . Oct 28 2% 3 % 15 27 9 No par Collins & Alkman 5% cofiv preferred ; 6 May 12 Oct 19 32 2'/a Mar 9 (The)— preferred Jan Apr 437/e No: par No par Coca-Cola Intern Corp Colgate-Palmollve-Peet 3,900 800 Co 19 Aug 11 Apr 28 par 1 -100 gtd gtd 4% stock Molybdenum— Coca-Cola 37'/# 107 % Jun: 15 May 11 22 953A May 15 Cluett Peabody & Co Preferred ■ 34% July 53% Jan Apr 2 UVaJun26 lVaJan 3 20 > May 28 par — Special 2,000 *560 17% 105 *105'%. HQ *14 50 7% Deo 22% No par " Clev & Pitts RR Co 39% *149 8 2 3/4 *560 17 105 16'A 31% *48% 39% 30 1% 12 67% Apr 17 (The) preferred 10 pfd —100 El Ilium $4.50 pfd— Deo 23 —5 No 25 Oct par - 97 35 % Jan 2 % Jan 2 % Mar 23 83% Jan 2 100 Equipment 4 Oct 47 1100 City Investing Co City Stores 800 ——No Deo 13 33 ——>—5 Corp„ City Ice & Fuel 6V2 % preferred 29% 83 . —25 Copper Co——. Chrysler 1,400 No 3 77 l3/a Jun 2 83/4 Jun 2 4% Jan' 23 ' —-50 ——5 Co Deo July Apr 12 Mar 30 3% Nov % Apr 2% Jun % 100'% *81 Va r —50 Jan 17 89 par 40 - 3 3/4 Nov 4% Feb 5% Apr 22 27.% Apr 24 93 —>100 RR Co—No 29 4% Aug 95 15'% Sep 14 —100 > Jan 3Va July 115'% 32'A Nov 23'A Jan , Cab *2'A 14% A—1 - 18 2. Jun 26 —No par —No' par *28'/a 50 39% , ' . Jan 3% Oct 2 11 Jun 29 2% Apr 14 82 „ July 6 27 Jan 2 l3/4 Apr 28, * , 2% Nov 110 Mar 10 .1% Jan par 2% *14% 1839. 31% 149 81 >■ 90 >100 2% 3 *14% page " *560 17% 105 *33/8 3% 39'A 149 *23/4 4 *3 see 39 31% 823% : 1Q0'% 101 83 1% May 27 1 preferred—100 Sep Jan 18 120% Jan : Feb 25 16 Jan Nov 42 24 Apr Apr 7 ; Jan 126% Oct 17 16 15 > Jan Feb 9 13'% Oct 16 Jan 76% •-16% Nov 10 2 Aug 43% 11% 13 15% 33 23 Dec Deo 6 6 Sep 6% July Deo V# 61 1 Sep 25~ Deo 18 2 2 25 16 July 4 Vs Deo 9 llVsJan: 9VaApr 29 Apr 3% Jan 29% May 9% Deo 5 14 82 preferred__T-——100 East 111 & Chile 75 110 % : - :'-29'% )' 8134 *560 .*334, footnotes 39% 82 623/4 23/4 14% May 49 1% Jan -10O Sugar Co^_ preferred Childs . 98% 16% 165/a *106% 110 , 12 53% Nov 13A Feb preferred — -100 6 % preferred——100 Chicago Yellow Cab— No par Chlckasha Cotton Oil —*0 500' 24% ' *97% *23 *149 17 33/4 *14 3/4 Sep 20% July 8 V» July 33 Chicago Pneumat Topi——No par $3 conv preferred—^—No par Pr pf ($2.50) cum div LNo par Chic Rock Isl Si Pacific— —100 • 900 98% 83 *104% 4 : - 500 , *973A 31% *81 3 35'% Dec 21% Nov No par Chicago Mail Order Co_ 1,100'- 11%; 98% 85 31% 143/4 Deo 15'% 15% July 100 Chicago Great West RR Co 5 % preferred——— • 200 ; *973/4 50 31 163/4 ■ . No pa^ Products--- Class ,A ; • 10% 90 383/4 1J0 Jan 23 V# 3 44 10 Na par Preferred series A— Chic • j Va; ' % 65 ♦48% 17% •. Mfg-——-. —--5 Chesapeake & Ohio Ry—25 500 15'AC 10 *81 105 34% 95 53A Jun t' 100 Cham-Pap & Fib Co-,—— 6% 12,200" il'% 64% *560 *104% Deo ■ viOO de Pasco Copper— 6% prior Checker 5,400 10% 100% 100% 63% Deo 16% Jan »2 —5 —1 Co 4% % Chain Belt Col 3,300' 66 112% 29 Cerro Certain-teed 2'/a 10% 75 ■112 *560 6% 503A Apr 14 % Jua 3 > Jan July 19'A Jan 2 Jan Jan 5% 76 li% 10 -r10 -HQQ j——»-—1100 1,700 7% 64 : Lt 3,500/ 720' 2% 40 $ 83 Jan —w—1 preferred__— Preferred 7% 24 *149 81%, 26 118 Dec Feb ?2 Oct 71 Va July 24 par preferred—-——. Central Vloleta 400 35'A 98% 40 31% 18 Jun 2% 61 2634 Nov ' 7 6 Corp——No Foundry \ 40 73e Oct 25 6% Mar prior 111 150' 9'A, *23 *2% 36% , Sep c109 27 Sep Jan 153/4 Mar 30 25 4 Century Ribbon Mills———No 30%; l% ; i3% *33 50 12% 71% Oct 17 JCent RR of New Jersey— " % 1% 40 ■ 400 > 6'A •% *13% *97 85 Deo 112% Jan .27 3 3% Jan 14 ; Central 200 /: 700 i8%; 11% " 1 l3/a 98% *81 7 V# 9 53% NOV 40 No: par Central Agulrre Assoc 993/4 11% *48 xk . 13% 10% *48% 2d Celotex -3 3A 94 95% "/ 2Va> .: -*35 48 3/4 11% 66.% 29% 23% Mar 56% NOV 43A Sep Cov——— series -7% • - 7% 6'A .37% ' l3/a 10% 100% 37 Dec 17 2 Va Apr General Corp— Central - % ' 13% 65% * *35 50 *11% 10% *283/4 170 18'% 14% "14% 63/a" 1% 66% 115 250 2 - 7'A 2% 11 Va 15% 13% 10% *100 37% % 3/4 65% *112% 2 Va" 1% 75 - 11% -6% 233/4 *2% ~ , nP/g 233/4 36% 14% Jan 11% Apr 19% Feb preferred 7% prior preferred——' 1,800 35 v " 15 243/4 * 2% 11% 143/4 *23 3/4 *33 2 13% 1% *97 ,95% *11 13 5/8 1% Dec 30 53 50 Mills-;.—- <JT) b% IOO; *8 95'% •ni 12* 12 •. 35'A 7% *6.% % 3/4 , *11% 7 16 8% Jan . —1 Cel&nese Corp of Amer__- 993/4 : ■ 9'% 35 2 ,7% •8 % . 2 Jan 8 5 "• ■ 15% *48 % *% 100 9'/a *93 1% 12% 15% / ' 7»A 7% 2% 123/a *12 Nov 14% Oct 23 11% Sep 2 16'A May 27 19% May 1 14Va May 1 100 —No Caterpillar Tractor— 110- ; *17% ' ,35% *94 2% 7% ' • 100 9 34% 9534 8 8 8% 34% *94 2 2 *2 10% 1 17 5% Sep % 35 23 10 Nq par 4,900 f ' 100 *8 95% *94 953/4 Sep Apr 52 ' - 4,1001 99 *323% • 33%. 3'%' 30'A*" 18% • Jan par ' 33 V : 30 30% 17% - Zinc— Preferred 700 33% *88% ' 17% 34% ; 2,100 A Aug 6% Jan > 2 Va •'•• *3% 94 •32% 3% 29'A 33%\ *88'A *18% *94 - 12y8,; 127% " 18% v Cannon 130 173% *3 r 13 *3'A ; 94 3 29% '*12 7% " *97 173% 100 • Case 7% Oct 2% Dec • 2% Apr 24 Canada Southern Ry Co_^. ,T100 Canadian Pacific Ry—-j——^--25 > Carriers & 70 - 2 2'A V 3% 18% , 70 *163% 99 *3 / 3% *3'A *90 3% 29% *2'% *97 3% *12% 94 3 30 2% 99 *3 13% *3% *90 v 2% *97% 3% 13% 3% 29% 2% 99 *17% *8 > & (A M)— 600:' • 45% Dec —_30 preferred--^-' Copper 800 1 95- -7% 167/a 187/a 100 9434 , -7'% v Bldg 7% preferred conv ' ; Apr 1 Bros—+„——„^T_10 5% 69%' 38 3%' 38 47'% Jun r160 , 200 118'%' 118%( 118»%"' 118% /V 94% preferred 450 95 3 Va Jan J3 5 1% Jan 43 9% Oct $3 preferred Carolina Clinch & Ohio Ry Carpenter Steel Co_r— 26'A1 ' ' - 21 103% Mar 12 , Calumet & Heqlq. Cons Cop ^—8 Campbell W & >C Fdy< No par Canada Dry Ginger Ale^/——!— 5 21,400 V 253/4 *94 *17%: 173/4 *18% 20 38 % ' -• :/• 95 Apr Apr 29 3% Feb California Packing ; 5% preferred— Callahan Zinc-Lead__ 1,300 : Jan % Capital Admin class A— 3 41 2 200 ',3 Dec 1 200 124 Va' 124% * — 26% •69%" r 38 •>--- ' 25% •- 94% 17 *3 33/4 94 3 3% 30% >373% ■ 70 • *97 / 3% 13% *3% *90 94 3 2 3/4 2% 99 3% 4 *90- 17 2 *96 3% 13% *13 *119 '•'■ - " ■""• 124'% 23% / 2% 99 *3% 70 17% *17 . -37 3% 69 Va ■ 13. 16 : 71 *69 .. 17% 69'% 124 25% qp; •' *3 69% 124%' 25 Va oqa 95 .*118% , 3% 69 124% 35% Nov >6% Aug 21 No par 85 % '• : 2 7 Participating preferred---, .100 Byron Jackson CO-V-—No par 38'%' ■•? >85 * Jan Jan •97/8 Apr 1 - 4'% . 25% 28% July -..—No par ^ 35 *4% *363/4' t- Deo Nov Byers Co 1,800'- 6%' • 14'A 6'A Jan y 2,700r 1 20 A Apr 16 —1 - Va' 30 35- ■ 4»A 7 38% *25 3/i 36% 26% 95 3 2% 125 * ' 6V2 ,'.i -1-, * ■ 7 21'A Oct 1 Np par Terminal Butte - 1,400 13 % 1 13'% Jan 2 2'% Jan . ' ,16%/ 16'%' - --—No Co-————: - Bush Term 1,300 57- 7 - 6% .35/ Forge Co Butler 300 203/4 Deo 12% Bush 1,600 •'.?■%> ■ Jan 17% Dec Burroughs Add Mach—\.—No par • 500 / , Wheel-— Conv: pref $2;75 ser__-, Cony pfd $2%0 series-- 2,300 143/4. - 39% Deo 6 3/4 . May 22 30 -.-100 Watch—— Burlington Mills Corp 20 20'/? Dec 16% 9 -5 Bulova 1,800 > 28 30 9% Nov 26 G) Mfg——--—No par preferred—__— ,_100 Buffalo Sep Sep 3% July 15'A Jan Nq par No par preferred—— Feb 20'A Sep (E Bullard " *4% 38% 3/4 *28 * •'6% *333/4 28 *28 28% 4% *36 30 - 6% 35. *4% *363/4 85% . *28 35 Budd 82%, % 13 ', 34 > 1 ^35% {' ,10 *53 V *13% , 7% 800 > *16% *28 6% 7% '/# Jan 29 par Co 3'% Oct ^9 31% Nov 9 54 73% Jun .No par Co., Bucyru'i-Erle I5o, . 25 X15 —No Brooklyn Uniop Budd 7,000 ; —5 !—.15 •Bruns-Balke-Colleiider_.rj 30 f AVv .7 / Bklyn-Manh Transit Brown Shoe *13/4 / •57 • ■»% ' 1% Briggs & Stratto.n,.—_No par Bristol-Myers Co 5 Brooklyn & Queens Tr_ No par 6% 203% • ■ 5 — *78'%-; t 14 3/i *20 V* 57 •■ % 7% ; 3 S/8 81 •: ■ 300 1 5%. *20'/B 81 10 Corp Roller Bearing Co Brewing Corp. of America 100 .* 1 1 23 1 •,-■5 . 3% 203/4 *53 IJ ; 23 ■5 i'" Maj- Inc_— (The)-- Bridgeport Brass Co„———No par Briggs Manufacturing-—.!--No par 46 20% . ., •IS3/*. 20y4 57 % 3 3 % 82% 133/4 83/4, *20 Va -' y 9% *81 21 -, *53 '.Ah 7 , *93/a 14 21 57 »% 823/4 133/4 * 21% *53 3A 9s/a *78% 14 13,3/4 21 9% 83 3% 8% '*40 - 21 200 52%, 23 5, 5% 20% •• 46 2.3 ; 183% 57% ••', 8 Apr 300 263%." - • *51% 3 *43% 23 5% 9% 57 23 3% ,X83 46 - 87 16 25 2,000 j 500' .( 3 8% . 9 Jun 4,200 13%, 22 *56% 52 3/a. 3 8% •f 27% Oct r100 Bower 420 : 1 13 3/a *18 '57 "2 52% 7 'A - *25% • 18% *56% . 3 20% y 3% ■ 8% • 23% 14%.4- : • 23% 93/4 , > 23% - 83 % : • . *23% < 33/4 * % . 26 *25 Va 18% - 2 Boston & Mainp RR_+—_/ Borg-Warner 3,900 : t 21% -•■ , • 21% 26 % 52 7 7% 14 21% ' 19 3A Jan 200v 500, 3,200 •23/4. *13% '21% 21% 100 ! 67'A- 6% 14 21% , " 109 Va • 23/4 ... 23% July Dec 1,000- 6%., 67% *107' 67'A 26% . 21 213/4 9%. 13 %i 2% *17% *40 5»/4 *53 14 213/4 3 5% *14 15 7 Dec 18% .12,200, 1,000, 293/4, 66% 18% ■ . 9% ' '■ i 2% 65 6 ye 52 - 23% *80 *14 7 -■• ■ll; 1 Va : 9'/a .. Apr 17 7 500 65% 27/u < 26% • *23% *33/a 15 22 3 46 *20 7 >107- 109% - 2% 62 26% 9 . 3 2% 64 - 38 7 22% Oct 1,7O6! " 7 • 5 17'A Jan 400 13% 109 Va 40"A Jan 18 3% Mar 31' par Stores Borden: Co ' 1 *29'% 13% 67% 7 *107- *56 521/4 *40 2% 63 % , 7 • 9%.: 29%- - *13 30% Apr 28 13 Va May 20 3,800 ll 1% •• • Jan Jan ---15 35'A •' •• Va 35 111% —1 34'/2, r 35 Sep .>>: Bond 2I%< 34'/a ■r 1 •18% 56% 52% 7% 109 y« 21 -■U *29% , . -9% Oct Jan 300, : . 197/a< «9% Class B , 2,900 'AC 30%; -.. *17 1 1 35% 9% 9% 13% 30 Va ; 1% 29% 13% 7 7 22" ,. *18 3/8 ■9% 29 S/8 2 -2% ' , 200 •" 1,400, 2,900, , 26, ■ 35% r *%. v ■- : , >107 3/ *14 r . 9% 30 - ■ aa 1 • •'. v 21 n * 353/4: 26 . Bpn Am.1 Co class A------tJVo' par 30 ( *15%; 16'At 213/4v 213/4, 30% 35 Va *35 • in T • 1 ? 89 - *35 i . •?%■"- „ 2Q3/4 35- ; .*17 t. 19% 9% ' '9% : 35% *% • - *2% 21 13% % 13% .• 63 7 22 *29 109% 63 15% / 7 , 109% 7 15% 22 9% 93/4 . -ll .1% 26 30.% ' 9% .1 35 • 25 % 19,% 9% 21% 89 / ■» 16'a '• 21 Va , 31% *34% • *15% .••• 2% .1- 20% 35 *3,8 ■ % 35 *1 ■ 13 3/4 3 9 *2% 21 *34% 30/ 63 *6% *17 20% 1% 9%. 109% 63 197/a - .35 •13 , 7 . *109 *30 9% ;' ♦29% 133/4 ( 23/4 • 35. '3 35 *1 30 * *13 26 *% ll '9% ,T- 25% 31% 20% 35 ; 26 *17 ' 95/« / 35 , •21% *2% , 19% 20% 37. ♦34 Va -16 *29% 9% - 16 21% ,' 89:-,\ - •35%.? 35% W -35 % .35 16 21% 26 2% ! 353/4 15% 30 ♦17 .♦ *88 21*% i 26 2% 90 , *35% . 15,% 30 19 % *9% . 2\,% • 31% ' I , 353/4 ,15% 21% *253/4 21 % t *88 «. , 353/4 15Ya 21% • , I per than 5 , 19% Jan 28 21 % Jun 25 27'% Nov 2 Uigheat I per jshare 29 Sep ■ . 66 17 ■ *12% 10% '*62 66 ' 25% Sales' for Nov. 20 « S per share 25% 6 13 Friday , Nov. 19 253/4 26 , STOCKS Thursday Nov. 18 # per share 16 3/4 . 6 % 13'A! ,13 Ms *9% 11 PRICES Wednesday I per snare 26 • SALE Nov. 17 share per HIGH AND Tuesday , 1831 470 % Apr 16 1 May 19 Va July 10 2.50 8'% Apr 2.50 8 3% Apr 17 24 Feb , 633/4 740 17'A Nov ,9 10 y# Deo 16 105'% Jan 22 100% Feb 106 18 3/4 Oct 13 Deo 11 V* 30% Not July Sep Nov Jan Nov 9 105% Deo 114 Mar 18 Va Jan 26 12% Dec 20 Jan 4% Sep 22 % Deo 1% Jan Deo 3% Aug Dec 2% Sep 106 13% May 21 ' Nov , 5% Sep 5 Sep 22 21 1 % 15% Nov 6 11 Dee 21% Jan 15% Nov 6 11 Dec 21 Jan Monday Nov. 16 Nov. 17 2% 2% 2% 2% 44% 42% 43% 41% ■•37% ; 37% 77% 10% 10% 33% 33 % 29% 30% *104% ♦105 110 32^8 9% Ji 33 26% 27 297a *105 110 *10574 110 30 31 106 106 100 107 *106 9% 3®a 31% 32% 303/4 317a 31 317a 21% 21% 21 21% 203/4 21% 207a 21% 21 2% 23A *23/a 23/4 *2% 23/4 *23/a 23/4 167a 16% 167a- 18% 183/a 187a' *11% *2% 16% 16% 16% 16% 16 3/4 17 167a 163/4 18% 18% 18 18"% 18 18% 173/4 183/a 187a *11 87% *90 92 , 117a *ll3/a *82 87 *82 86 *81% 85 90, *90 92 *90 92 11% 11% *83 90 4% 4% 15% 153/s 15s/a 91% 92 92% 92 93% *89 3/i ,91 91 92 47a 4,400 157t 15 157a 903/4 90 3/4' % 474 S/8 S/8 3/4 *8 8% 8 8% *73A 8 *73A 2% *2% 27a 23/4 23/4 *2% 3 2% 2% 6% 7% 67a 7 67a 65/a 63/4 6 3/4 7 7 *5 5% *5% 86% 8 3/8 387a *37 87% 86% 86% 867a 86 5/a 86 15% 15% 1574 15% *3% 37a 33/4 37a 98% *97% 3%' *98 26% 26% 27 41 26% 21% 263/4 6% 267a 26 7 *6 7a 403/4 41% 407a 4% 4% 4 7a 26% 25 % *173 174 172 7a 17374 *37a 33/4 3% % 3/4 74 , Sep 203/4 *1972 20 72 : 157a Apr 97a 9% 9% • . *45 475/a 9% 18 18 38% 38% 38 11% 113/8 1178 117a 81% *80 35 353/8 35 75% 75% 76 10% *10% 75 1072 10% 77a 7% 77a 10% 7y8 *97 20 99% 1% 107a 197a 19% *18 7a 99% 997a 9972 *9872 32% 18% 18% 8% 8% 8% 1% 22,600 1874 1874 173/4 173/4 173/4 177a 8% 8% 874 8% 874 8% 87a 22 *91% 21% 22 217a 217a *917a 100 100 213/4 22 *91% 100 2274 *9172 100 100 47,200 84 *76 84 *78 84 84 *76 84 17% *16% 1674 16% 16% 16% 16%, *1674 16% 167a 374 33/4 *3% 33/4 *3% .33/4 *3% 33/4 183/4 *3% >16 183/4 12% 123/a 127a *76 5% conv Jun Cuba RR 6% , Preferred 5%% 4 Press % % Curtis Pub Co Prior Curtiss-Wright 15 98% Nov 10 88 Deo 107 Jan 16% Oct 9 10% Deo 19 Jan 4% Jan 9 July Class 9% Oct 23 5 15 Deo 27 7e Jan Jan 8 38% Dec 457a Jan Apr 27 127a Sep 10 Deo 153/a Jan May 19 887a Jan 25 15 80 Deo 94 39% Nov 4 28 Deo 47% Jan Nov 7 737a Deo 98% Jan 1374 Nov 9 41 Jun 25 26 Jun 29 Jun 13 747a Jan 2 88 84 5 13 133% Jan Feb Nov 20 14 Deo 16% Jan 19% Sep 12 12% Deo 25 Jan 17 98 Deo 89 Deo Oct 1% May 3% Feb 87a 72 Feb 127% Sep 41% Feb 77 Deo 8 Sep 14 3/a Dec 327a NOV 12 13% Deo 45 20% Oct 15 16 Deo 343/4 57a May 20 97a Jan 6 Deo 10% Sep Jun 2 2 6% 17a Jan Jan Feb Jun 24 25% Jan 12 24 Deo 29% Jan 80 Jan 19 95 Oct 23 80 Dee 90 Aug 44 Jan 17 81 Nov 9 42% Feb 4774 Mar 127a Jun 22 18 Oct 21 14% Deo 20 1 18 pfd 100 .—No par Cutler-Hammer Inc 3 30 12 Jan 12 —1 — 27 Jun 13% Jan 137a May 19 par No par A Jan 997a Nov 18 14 9 Mar 14 90 Oct 140 8 3/4 May 29 30 — Jan 17 Dec 100 preferred.. Jan 197a 11 — No Jan 7a 5 100 ....— Jan 47a A Dec 19% Feb (The)——,—No par Preferred 182% 2% Deo 147a Oct 20 — Inc preferred Mar 10 87a Jun — preferred Sep Jan Deo 20 88 preferred—. 100 preferred——100 Sugar—. 100 100 conv X54 Nov iii Mar 27 63 Cuban-American - 400 170 Oct % Apr 3% Nov 179 8 77 No par Crucible Steel of Amer $8 preferxed— 16% 84 *76 2 - 10 conv Cushman's Sons Inc 7% *16% 42 32 preferred—....No par Crown Zellerbach Corp. —5 $5 conv preferred— No par $2.25 3,800 *76 9 9 , 233/4 May 20 Crown Cork & Seal—.——No par 2,100 . 553% Jan Crosley Corp (The)—.—No par ' 930 187a 17 Apr 17 1 Cuneo 30% 62% 2 Cudahy Packing Co——— 1% Deo 53/4 May 1474 May 40 307a 28% 12% Jan 1,800 1% 10 103/a Apr 25 3,400 30 3/8 367a Nov J2 Apr conv 10% 100 1% 31 ; 187a *10% *9872 24 85 600 ; 66 3/i| preferred—.. —100 Cream of Wheat Corp (The) ——2 5% 10 88 *173/a 19% 2,800 30% 1% 1% 31 32 857a 10% 280 7% Jan Deo 27a May 22 ,_1 1 —_ .... ... Co.——.— Crane 1,000 11 103 103 100 9,200 777a 7% 8% 2274 *91% 13/4 % 19% *98% 100 2,100 60 1874 8% 22 22% 1 31% 19 18% 100 , 1% 32% 32 107a 85% 10% 10% 19% 10 % 1% 1% 32% *91% 10% 10 19 *98 *82 857a ,;*82 10 10% *18 22% 8572 *82 85% *7574 103 300 187a 48 Apr 159 —100 Inc Internat Corp 1,300 353/a 774 *97 . 82 107a *7 103 *97 103 *97 19 *10 *98 7 7% 103 *82 85 Vi *82 *■ *97 103 *1078 10% 10% 7% ; 1174 *80 7772 76 77 77 80 77a 9 Deo 30 4274 Apr Preferred 600 38 74 + Jan 5 517a Jan 25 Refining Coty 300 18 23% 12% Jan 13 237a Apr Coty 290 11 11 3/8 % 21% Nov 29 ..20 300 6,000 3874 18 38% 29 87e Apr Mar 200 18 18 40 7t 35 10% *83/4 !' 87a *83/4 9 18% *38 50% Apr 45 Products Sep 27 17 of Del Oil 1,100 37a- 8 23 —5 Corp...—.No par Copperweld Steel Co.. .—5 / Conv pref 5% series——.—50 1001 174 *33/8 3% 23/4 May —1 Continental Steel 1,600 v 475/a 174 174 3% 81% 79 Jan Nov : is 347a 40% 27% 16% 81% 1093/4 Nor Deo Feb 163/a 3672 Jan 21% 9 17% 16% 82 July 28 4 16% 35 29 Nov 16% 82 21% Apr Continental *163/8 363/8 79 Jan Aug 5,300 167a 82 103% Jan 28 Apr 28 574 253/4. *16 3/8 35% 2% Deo 257a 16 3% 82 4 257a 16% 83 47a Nov July 16% July Jan 16% 36 Deo 4% 98% 36 11 Deo *16% *82 24 30 106% 2% 13 1172 163% Oct 7% July Deo Dec 5 973/4 11% 14 93 4% Nov 12-/8 *11% ; 11% 6 15 Motors 973/4 *83/4 Feb Nov Nov Continental 13 974 2% 9 39 96% Jan Jan Nov 13,700 973/a *8% 93/4 43/a 123/4 , Feb 43/8 973/8 9% 77 3/4 7 6% May 4% 13% 40% 113/8 13 Dec 4% 98% 183/4 874 Jan July 37s 5 10 7a 9% 33/4 July 30 11 - 457a *97 18% 9 Deo 1% Dec Feb 133/8.;; *38 77a Nov 3 Feb 98 74 9% 26 47a May 13 7 8 Oct Apr 14 17a Jan 6% 13 40% Jan 3 7 1% July Dec 35% 98% 19 9 % 7 13 - Jan 3% Nov 17 8% July 15 98% , Jan 1973/, Jan 13 *8% 23% Deo 3% Jan 98% *38 Deo 8 13 *18% 2 Deo X82 42 74 13 18 28 *98 12% 4% 11% 4 Jan 22 174 37a % % Jun : 16% Nov 94 9 57a Sep Corn 3/4 14 11 25 Jan Jan 3074 Apr 4,800 33/4 7% Jan Sep Apr 103 —__$2.50 54% 172% May Insurance 54 % 80 Diamond Fibre.——5 54% *3% 172 3 Continental 54% 3% 973/a Feb Apr 20 Continental 543% 54 973/4 4 20 Corn Exch Bank Trust Co 543/4 Dec 500 2,550 5474 157a 77 1,700 35 543/4 Dec 24 67a 347a 353/4 5 Feb 40% , 343/4 54% Nov 117a Apr .100 . Deo Jan 12 89 78 —25 Inc.—— 34% 35 174 preferred 353/a 54% *3% Can 8 % 97i 2374 , 253/4 347a 35% *170 Continental Deo 83 Continental Bak Co.——.No par 6,400 18% Jan Jan 4 93/a Aug 15 113/4 July 6 274 Apr 29 7 30% 1187a Aug Dee 7474 Aug 19 7 Corp of America 13 74 217a Mar 25 ' 2 35 s/8 54% May 20 - 21 46 35 15 May 46 35 Deo 274 Not 177« Nov 10 Jan 67a *45 477a *45 20 7 11 657a July 407a 9% 97a 974 0 33/s Jan . Dec 67a *20 21 *20 9% 233% Jan 3 22 Jan 46% *46 46% *46 74 Deo 17a Jun 7% 117a July Deo 39% 43/8 Jan 1,800 . 7a 6 407a • 21 9 98 7a, 25 7a 8 Jan 25% ■■■■ 253/4 25 7a 26 *20 93/4 9% *97 2674 8 ii Jan 82 1,900 • . 1074 Oct .127a Apr 25 Container Jan 110 Dec 4472 Jan • Oil preferred—.—. Oct 377. Dec Jun 26 aa 17% Apr 29 ' 1047s Dec 19% 100 Oct 40% 43/a 21% *20 10 *9% 33/4 774 May 12 22 conv 96 1057a Nov 19 217a July 31 100 5% x .. 67a ■ 4% 25% 26% *20% 15% 33/4 xx,' 37a 98 26 7a 407a '4% 4% • *977a 98 41% 41 41 4% 1574 J 67a 67a 15 15 *33/4 33/4 420 74,; Mar 6 tConsumers Pow $4.50 pfd—No par 200 86 Aug 31 13 5 Consolidation Coal Co— 1,500 853/4 867a 15 37a *97% 267. 27 6% 7% *6% 98 *9772 98 ' • *86 287a 167a Dec Nov par — 77a 21% Apr Nov No par ' Corp. 474 May 27 31 / Jan Apr July Oct 106 Corp.—No par Consol RR of Cuba 6% pfd 100 5%' 8%- Laundries Consolidated 32,400 38% *37 385/a 86 143/4 15% 3% *15% *367a $2 partic preferred Consol 1,200 67a 87a 8 7a 387a '■ 3 83 Deo Jan Nov 17 2 „.5 N Y——No of 64 1174 Oct 19 29 $5 preferred : No par Consol Film Industries—— 1 500 77a *5 5% 8 874 874 83/a 38% *5 5% *5 53/4 8% *38 39% *5 57s 39'/a *8% 8% ■8% *38 63/4 77a 8 Consol Edison 800 *2% , i 900 *.3o ■ % 8% % Consol Coppermlnes Corp. 18,400 9174 43/4 *8 % 30 91 tV 43/4 \ I L preferred 6ya% prior preferred— 72 27 2 :—1 No par 100 .100 7 % 827a 35 2 2074 Jan —No par Consolidated Cigar. 30 15 \y 47a *2% *A 700/ 47a Dec 42% Nov 7 917a Apr Co—,—25 Highest I per share Dec 43% 17 Nov 8 —No par Consol Aircraft Corp_ 78 10074 Mar 17 Congoleum-Nairn Inc.—--No par 5,300 457a Jan 1 Jan No par Edison 1 Jan f 6 167a Jan No par Conde Nast Pub Inc 153/a 1574 *903/4 Commonwealth 14,200 11%-. 5 7a Jan < per share 27a Nov 14 54 Mar 16 24 '35—:5—No par ser $6 preferred series. 25,900 84 84 Sep 51 Commonwealth & Southern—No par v 92 47a 47a 4% 15% 5 15% ll3/a 11% 4 .100 preferred—, pf conv Commercial Solvents " 11% 87 11% 11% *84 *91 217a 32% — Year 1941 Lowest I per share 14 par Pictures conv $4.25 4,700 • . 4 74 % • 33,700 32% 317a No Sep 29 par Range for Previous Lots Highest 30% Sep 100 -100 Co——No Carbon 1 No par Comm'l Invest Trust 2,000 tV 167a 5 7a 9 9% 9/8 & 100- . Par $2.75 conv preferred—-No par Credit—— —10 9,600 : •- 100-Share f per share Commercial 7,000 ♦105 3074 *2% 3 15% 26% 26 3/8 105% 972 9% 9% 9% Columbia 100 ' 297a 3074 108 5% 1,100 < 26% 263/a ; 110 *105 33 / • preferred series A__ preferred —... Columbian 900 97a X97a *32 6% 300 . ,1057a 267a 2672 • 31 32 *32 21% *2% 10 *31 & 33 "21% 10 333/4 X78 . Columbia Gas & Elec 1,900 78 lO'A 110 9% *76 1074 *32 30 110 9% *95/a > 30% *35 7a 78 78 33% 1 < 37% 36% 7772 363/4 41 39 Basis of Lowest - 45,200 2% 2 41 *105 110 *105 110 30% *32% 26% 26% 26% 26% *105 27a 413/4 *3572 10% 10 10% 33% 2 41 78 77% 77% 77% 77% 10 % *32% 27a 413/4 37 37 38% 37% 2 42 Range Since January 1 On STOCK EXCHANGE Shares f per share share 41 2% 2% 43% t per $ per share I per snare I per thart # per share NEW YORK the Week Nov. 20 Nov. 19 Nov. 18 Sales for Friday Thursday Tuesday Nov. 14 Monday, November 23, 1942 STOCKS HIGH SALE PRICES Wednesday LOW AND Saturday : FINANCIAL CHRONICLE THE COMMERCIAL & 1832 No par ' July D *3% 3% *3% *16 *16" 18% 12% 12% 12% 22% 22% v 213/8 * 109 *107 8 3/4 < „ 127a 1274 127a 83/4 8% 223/8 2274 ■ 109 *108 8 3/4 *8 7a 8% *8% 109 *108 109 *108 *16 183/4 *16 x 108 83% 9 21% 213/4 293/4 293/4 2,900 *11% 127a 200 9% •'•:. 93/4 93/4 93/4 2,200 Delaware 3% 3% 3% 5,900 Delaware Lack & Western—... % ://./ % A /-XX 500 10% 93/4 9% 97a 9% 97a xx 3% 3% 3% 374 / 3% 374 3% ./;,■ 3% ■;./ 3/4 *78 % *3/a 1774 17% 18% 18% 23% 23% *2374 24 *2374 24 *36% 37% *3674 37% *3674 37% *9 9% 87a 9% 9% • 2178 22 *217a 22 % 7/ 74 173/a 173/a 17% *35 40 1772 17% 40 173/a *35 7,500 24 *36 88% *86% 887a *9% 9% 9% 974 *83/4 87a 83/4 83/4 700 21% 217a 217a 1,200 87% *8672 87% 100 9% 200 25 59% 58 *120 16% 16 *15% 131% 117% 9% *9 35% 353/4 36 35% 3472 34s/8 22% 23% 23 23 13 13% 13 133/4 74 56% 1233/8 1183/4 1193/4 *1193/4 *153/4 16% 1578 153/4 15 7a 58% 56 16 53/8 5% 57a 56 57 *53/a 6 *5 *93/4 10 *93/4 10 *97a 120 *115 7s 120 *115 7a 97a *9 7a *115 7a 120 23 1,600 14% 563/4 57 16,500 6 >5% 97a 97a 120 *1157a Match Class 95 300 6 X Dunhill 100 Duplan Corp 120 8% 129 1287a X127 129 6,050 1267a *126% 127 *126% 127 400 $4.50 preferred 117% 117 117 *11672 117 117 117% *1163/4 117% *1163/4 117 190 Duquesns Light 5% *178 185 *178 33% 13% 13% 29% 29% 11% 12 ! 293/s 297a 2974 297a 28% 29% 4 4 37a 37a *33/4 139% 139% 1397a 1397a 1397a 185 180 180 180 180 184 33% 29 37a 139% *180 337a 3374 333/a 33 33 74 *33 29% 37a *178 33% 3,100 37a 700 14074 140 2,900 181 33 337a Du P de Nem (E I) Mills (N.J) 11% 6,000 Electric l3/a 1% *17a 1% 1% 1% 1% 1% 1,000 Elec St Mus Ind Am 1% 17a 1% 1% 1% 1% 1% 1% 6,000 30% 307a 31% 3174 30% 30% 31% 31% 1,100 28 28 28 28 28 28% 500 33 1% 1% 1% 1% 1% 1% 32 31% 31% *28% 29% 29% 297a *27 *34 32 - . *27 7a . $7 preferred .No par ..No par ...— $6 preferred —Z ..No par 34% 34% 3474 34 34 34 34 33% 3374 34 1,100 23 23 23 23 23% 23% 23% 233/a *23% 24% *2374 25 700 Elec Storage Battery- .No par —3 El Paso Natural Gas 44% 44% *4374 44% *433/4 44% *433/4 44% •433/4 44% 100 Endicott Johnson Corp 109% 2% *433/4 *110 110 2% 44% 110% 23/4 23/4 110 110 2% *56 57 57 57 62 61 61 66 *65 66 65 A x For footnotes see page T 1839. 27a 112 *2% *110 112 80 2% 2% 27a 5,800 58 *57 *65 2% *110 *56 583/4 *56 59% *55 7a 573/4 200 603/4 58 *58 23/4 112 ►110 *57 603/4 *57 603/4 *57 60 100 65 *65 67 *65 67 30 65 A 65 A Ar Ar A t 1,200 — 5% preferred Engineers Public Service $5 preferred $5% preferred $6 preferred Equitable Office Bldg 237$ Jan 703/4 Oct 21 5974 Dec 12 ylllVa Sep 128/a Dec 126 Nov 163/a Oct 13 Oct 23 10% Nov 6 6 Dec July 27 105 Aug 7 2 2% Dec 17% July 79 Jan 14174 Jan 23% 6 3/a Jun Jan 103/4 July 117 Jan 13674 Dec 1643,4 7 120% Feb 127 Deo 6 •!•' 111% July 118 May 34 Jan 30% Oct 23 47a Nov 7 24 May 17a Jan Sep Nov 7 160 Apr 182% Jan 27 Dec 367a Jan 7 3474 Oct 8 15 / Jan 21 Feb 2 3074 Oct 20 17% Dec 177$ Sep 337$ Jan 2 13% Jan 10 24 5 14% Dec Jan 17% Jan •A Feb 16 1% Nov 9 % Jan 7a Aug 3% Jan 2 1% Nov 2 % Dec 4 3/4 Jan 17 V4 Apr 27 3574 Jan 23 27% Feb 397a Nor 15 Apr 23 323/4 Jan 23 23% Feb 36% Not 29 Jan 2 347a NOV 12 26% Dec shares. Electric Power & Light Oct May 180 Boat——,— 11% 377a 574 Oct 900 2,300 Dec 145% 10 % July 133/4 29% 323/4 Dec 11' 133/4 283/4 9 Nov 120% May 207a Jan 11% 37 187# Nov 7 ...3 28% 10% May x Jan ...5 13% 28% 11 Jan 7 9% Nov 10 141 ...2 1374 287a 103/4 ■ 1% 2 (The),— 1374 28% , 17 Electric- Auto-Lite *1272 11% Jan 86 Aug Edison Bros Stores Inc.—. 13 29 Jan 18% Dec Jan May 16 11 107$ 125/a May 65 Nov 26 13 Apr 9 5 118 ...4 287a 67a 9 Nov 87 127 1,000 11% 9% Feb 22% NOV 144 Mar 28 133/s Jan 120 Apr 24 111% Mar 14 170 29% 133/8 Jan 41 120 .100 11 297a Deo 8 preferred Eaton Manufacturing Co.—. *29 Dec 17 Apr cum Sep Apr 33 x974 Dec 108 6% 20% 257a Nov 12 L .No par 30 2374 1274 Deo 21 26 163% Apr 274 Jan Sep Deo 39% Aug 24 Feb .—5 Rolling Eastman Kodak tV 14% Nov 20 28 Aug 74 Aug 16% 14 9 Jan July 6 ®/4 2774 Jan 19 Jan .—1 Eastern 14 Feb .':>■' 27 102 3% May 20 20 —No par 1st pfd—100 Eastern Airlines Inc..—— Jan Dec 2% Sep Aug 16 21 183/a 6 7 Oct 8 & Co 22. 37 307a Dec 23 May 21 29 23% Apr 17a Sep 18% Jan Apr 9% 47a Jan 27 112 —.—100 preferred— 1287a 7 Apr 137a Mar No par —1 No par International— 1267a 4 Apr 51 131 29 8 No par 127 139% 167a Apr Dresser Mfg Co——:— 129 4 3274 May Dow Chemical Co.,——.—No par Douglas Aircraft— 5 73/4 July 17 ANo. par 126 3/4 29 Jan 70 Doehler Die Casting Co.—__No par Dome Mines Ltd No par 1317a 138 63/4 Aug 24 16% Mar 7 : Corp-Seagr's Ltd No par 5% pref with warrants——.100 Dixie-Vortex Co. —..—No par 12678 4% 2 Distil 1267a 29% .25 Diamond T Motor Car Co 1307a - 18 Apr 28 3374 Apr m .No par .. Sep Jan 28% 19 —No par 128 128 11% Oct 800 15% 97a 2 5 ' 15% Jan 7 27a May 21 33 Jan 23 114 Feb 5 100 8% 27 6 13 7a Nov 700 3,100 120% 1207a 157a 307a Nov .50 < 18% 1 25 Jan partic preferred 1097a July 8 14 97a Apr „ Deo 19 9 16 187a Apr 29 257» May 12 par .20 Jan Nov 24% Jan 110 Mar 10 47a Apr 14 130 13% 56 7a^ 122 36 *22% 102 2 131% 138 *1% *8 7a 121% 58 138 33% 9% *1157a 10% 120 29% 4% 13 1243/8 . 87% *9 137a 23 13% 9% 237a *3472 35% 574 5% 5% *9% ►126% 13% 9% 24% 124% 59% ►115% 23 13% 13% ►120 *34 7a 35% •; 24% *87 87 87 Oct 16 6% 21% *87 Sep 11% Oct 363/4 83% 18 Apr 147a Apr Diamond *23 7a 37% Deo 6% 37 500 233/a 14% 16 ..20 Devoe Si Raynolds A. 23s/a 2% 26 pfd—. 100 Edison.. 400 >36% 21% ... IDenv & R G West 6% Detroit 17% 237a 10 173% Oct 12% Nov .10 Hudson., *16% 3774 83/4 & 173/a *36% 21% 87a — Deisel-Wemmer-Gllbert Xl6% 237a 22 Preferred 3'% Jan 7 Detroit Hillsdale & S W RR Co. .100 177a' 40 v *86% *34 *% 17% ■ *35 177a 17 18% 17% 40 *30 40 18% *21% *11 . 173/8 *30 —.No Co 123/a 10% % St 293/4 11% 17% Deere 4 Aug 12 8 ...1 ... 293/4 297a 11% 6,500 Records Inc *11% 293/4 12% 40 21% Decca 123/a 297a 127a *% 2174 4,400 297a 297a 12% 17% 9 27a Apr 157a Jan .—1 100 — Dayton Pow & Lt 47a% pfd 108 9 5 -23 Corp.—.—> preferred— Co. (The) Chemical Davison 297a ' 30 *30 f 10,100 21% *29% 3% *10578 x 127a 217a 22 10 117a 5% Conv 183/4 *16 12% 1057a 83/4 *12% ' 183/4 Davega Stores ' • 19% Apr 24 .100 393% Apr 27 1073/a Feb 16 1 IV* Apr 17 ..50 - No No No No < 26% Feb 18 2174 Dec 34 3/4 Aug 33 July Mar 16 39% Feb 47% 49 Oct 9 37a Jan S 112 30 par 40 Apr 28 66 Jan par 46 July 27 73 Jan 5 par 4772 Apr 28 83 Jan 17 par 3a2 Feb 21 % Oct 17 1077a Nov 2% Dee Sep 113 Oct 7 Jan 64%* Dec 80 y4 69 Dee 7474 Dee 83% July 89% July tV Nov % Apr Jan Volume Number 4127 156 THE COMMERCIAL & FINANCIAL CHRONICLE LOW AND HIGH SALE Saturday Monday Tuesday Nov. 14 Nov. 16 Nov. 17 1 per share 9 % per share 9 03 8% OO V-J ( ver 8% 8% 8% 8% 38 % 38'/2 38% 39% 38% *3% 4% *3% 6% .-6% 6% 6% 26% ,26% 25% 26% 24% 25 % % *% 1 4 t per 8% 8% 8% 8% 6% 8% 39 Va 3% 3% 3% 6 6 per 6 X38 share 8% Range Since January 1 STOCK On EXCHANGE 3,500 8% 38 JErie RR common Ctfs of benef 5% 3,300 3% 800 —No No 4% Jun 4 par 3% Jan 32 % Jun 5 l%Jan 2 Cleaner *}J 1 34% - *5% . 24% *% 24% % 24% 24 6 % 1 6 < 24% i a <« 1,900 Evans 2,300 25% Ex-Cell-0 1 16 34% 33% 34 33%* 33% 32% 32% 33 33 33 *21 22% *21 Va 22% 21% 21% 21% 21% 21% 217/a 217/a *7 7% 7'/a 7% 6% 67/a *6% 600 7% *75% 85 21% 12 . *3% * 21 21% *11% 14 % 10 Oct 23 2% Dec 7% 2 Aug 44 Jan 27 30% Dec 42% Nor 18 1% Dec 24 4% Sep 6%'Oct 26 4 Dec 8% Jan May 20 28% Oct 13 21% Dec 30% Jan 23 1 % Nov 10 A Deo % Jan 14% 12% , 41 12% 41 20 27% Apr 28 37% Jan 16 32 Deo 19 45% Jun 30 29% Jan 29 16% Jun 6 24% Mar Jun 22 8% Jan 5 6% 104 21 *76 900 Dec 13 Mar 69% Sep May 100 Jan 10 93 Jan 21 31 90 20% 21 Va 1,000 Federal Min & Smelt Co—, 2 20 Apr 18 24% Jan 16 11% 11% 11% 19% Dec 300 Federal-Mogul Corp 5 8 Apr 15 11% Nov 12 3% 3% 3% 3% 8% Dec 800 Federal Motor Truck 3 Jun 30 14% 4'A Feb 4 14% *14% 14% 2% 800 Federated Apr 4'A 7 74% 14% Dec 100 4%% 11% Apr 28 74% Nov 20 18% Jan 74% 27% Sep 87 6 86 Dec 97% Jan 11 11% 3,200 41% 41% 1,900 Fidel Phen Fire Ins N Y_„—$2.50 19% 19% 2,600 Firestone Tire & Rubber 75 *31/2 , 14% 14% 14% *74 76 *74 12 12% 11% 41 41 40% 19% 20 19% 75 11% 11 11% 41% 40% 41 % 19% 19% 19% * *103% 104% *103% 104% 103'/a 103% 33% 33% 33% 33% 33% 33% 33'/a 33%" 13% 13% 13% 13% 13% 13% 13% 14% —--4 ' 34 13% *4% 4% 32 V4 32% *6 'A 6% $4.50 24% 100 Florence Stove Co 18% 200 Florsheim Shoe class A 3% *30% 32 *9% 4 10 10% 11 134 37% *30% 10% 37% 10% : *125 18 10% 134 *17 6% 6% *6 10 4 32 *9% * 37% 18% 4 31% " 37% 10% *10% 6% *125 *17 *6 6% 53 36% *17% 18 *17% 17% 17% 17% *17% 17% Xl7% 97 *96 97 96 96 *94 97 *92% 6 17% ♦94 95% 53 *40% 53 35 *34% 35% 34% No 1,600 *17% 17% 1,600 93% 93% 30 2% 2% 200 5% 96% Jan May 14 31% May 8% Dec 98 15 Dec 105 Jan 42% Jan 16 Va July 103 Nov 16% Dec 33% Jan 17% Deo 25% 3 Apr 28 5 May 22 5% Jan Dec 7 Aug 28 8% Sep 30 21 Jun 35 Deo 1 11% Jan 30 9 Dec 13 Va Jan 10 27% Mar 14 38% Nov 9 24 May 32% 12% Jan 26 10 May 28 14% Sep No par Jun Oct 8 10 27 Apr 29 ,1 18% Nov 13 38 15% Apr 24 85% Apr 10 Co Co, 100 3% 9& 134% Feb 21 26 5 100 pfd 13 36% Mar 19 9% Apr 28 114 No par 25 preferred conv Dec Nov 39% Feb 14% Nov 20 10 prior Freeport Sulphur Fruehauf Trailer 90 105 2 100 — preferred Francisco Sugar Co 900 Jan 25% Oct 20 Inc F'k'n Simon & Co Inc 7% 35% 18 Va 21% Feb Corp— $7 conv preferred 700 Sep Sep Dec Mar 27 , ' 53 16 45% 12% Apr 21 Machinery Corp 6 % Deo 34% Feb 20% Oct 15 Foster-Wheeler ~60 8% Jan 18 par —No par preferred. conv Food Fair Stores Food 6% *40% Steel 1,100 t 18 *36% 35 5% 100 134 18 *40 *40% 80 • , 11 134 36% 53 37% 18 53 36% 9% Follansbee 1,100 31% *125 " *35% 36 ■ *9%. 37% *39 *40 4 86 —No par *24 12% Nov 29% Apr 30 9% Jan Jan 26% July 14% Jan 41% Jan 87% Apr 27 par A preferred *18 10 18% 100 par No 18% 3% 7% Apr 21 29% Apr 29 13% Jan 3 No series Stores 24% 37% *125 10 (The) *18 32 6% 100 National *24 10 *6% First Flintkote Co 18% 4 31% 18% *96 preferred 1,100 4,700 24% 37% 11 *10% *17% 100 6% 100 1 *18 10% "125 18 *96 300 « , No par Corp *24 38 *9% 10% *17% 100 104% Enamel 18 4 > *96 103 % Ferro __-No par Dept Stores—, preferred, conv 24% 18 4% *37% *126 100 *24 19 32% 10 37% *96 24% 4% 32% *9% 37'% 10% 100 *18 Jan 3% 13% 19 No par *11% 33% *18 $6 preferred par 11% 19% 24% No 21 13% 25 Co— *11% 34% *24 & *20% *74 104 *96 Morse Jan 3% 13% 100 Fajardo Sug Co of Pr Rico——,20 Federal Light & Traction —15 400 80 *33% *96 Fairbanks 500 • J! Jan 3% ,, 11% 41% 19% 104 80 ,—$2.50 Aug 21 12% 41% 20 104 *76 80 ' Exchange Buffet Corp 20 10 14% 76 12% *76 33% 4% Apr 3 Dec 3% '■ 14% *74 80 7 5- x. Highest < per share 2 4% 11% 4 14% 77 7 Co;— Corp $ per share 23 21 12 *3% . 7% *75% 21 *11% V 4 *74 84 *75% 21% *7 Products Year 1941 Lowest 10% Oct ' ' Range for Previou* Lota t per share 100 int Vacuum 100-Share Highest par pref series A_. Eureka of I per share Par 23,900 38 *3% Basis Lowest Shares 8% 38% NEW YORK the Week 8% 3% 3% 6% 1 8% 8 Va 38% 39 3% Bales for Nov. 20 share 8% f per share 8% Friday Nov. 19 Nov. 18 8% 1833 STOCKS Thursday Wednesday share 8% PRICES * Feb Sep 20% Jan 132 Jan 17 10% Feb 45 Deo 105 Jan _2% 7 38% Jan 3 19 Jan 3 97 Nov Feb 9 May 32% May 41 36 May 27 10 Deo 46 Jan July 18 Deo 23% July 93% Deo 99 Aug G *2% 2% *2% 2% 2% 2% *2% 2% *1% 1% 1% 1% 1% 1% 1% 1% *9Va 9% 9% 9% *9 Va 9% 9% *2% 9% *19 19% 19% 19% *19% 19% 19% 3% 3% 3% 3% 3% 3% 9% *8% 9Va *8% 9 Va 3% *8% *50'% 7 104% *100 38% 38 5% 5% 133 3% 3% 3% 3% *8% 9% *8% *50% 55 *50% 6% 9 19% 29% 29% 34% 34% *114% 117% ' 1% *84 38% *5% 129 4% *2% 131 *129% 19% 131 29% 34% 29% 34 19% 131 29% 20 131 *129% 29% 34% 34 Va 34% *115% 117% *115% 1% 1% 1% 90 84 *84 85 129 90 *83% *84 34 90 90 *83 % 129% 17% 17% *2% 2% 17 17 2% 41 41% 41% 417/a 125% 125% 125% 125% 14% 14% 14% 14% 14% *4% 4% 4% 4% 4% *104% 104% 104% 104% % % 16% 16% *2% 2% 300 14% 14% 14% 14% 14% 14% 2,000 4% 1,200 4'/a 4'/a *4'/a *103 104% 13% 13% 13% 13'/a 13% 104% *103% 104% ♦103% 104% *103% i7ff >A U 31% 31% 17% 9% *9% 64'% *64% 16 16 16% 9% 16% 9%. 65 16 31% 9% 62% *30 15% 16 15% 15% 16 16 15% 15% 15% 15% 15% 15% 108% *106 108% *106 13% 13 13'A 13 59% 59% *58;!4 4% 59% * 5 % 5% 15% . 59% 5 5% *55 15% 57 15 Va 40 % 2 ■ 4% 59% 57 *39 % *1% 4% 1% 76% 24 Va 24% 4% 4% *55 4% 4% 60 Va *59 60% 5 5 15 Va 15% 40 40 % lit 1% *55 56% 15% % "Ml 1% *73% 13 13 40 *39 *106 108% 1% 1% 15% *39 : % 76% 24% 24% 81% 82 *81% 82%. 82% 82% 82% 82% 22% 23 22% 23 22% 23 22 22% 88% 87% 88% 88 88 *88 *87'A 3% ' 3% *77 80 1 3% 1 79 *73 3% 79 ; 73 23 23% 3% 80 1 73 24% 22% 3% n 76 'A 80 % 4% 4% 4% *4'A 4% 8'/a 8'/a 8 8% *7% 8'A *8% *7% 8% 28% 28% • 25 *23% 16% 16% 21% 21% *24% 24% 139 138% *60 63% 29% 8% 30 7% 30 *23% 24% *23% 16% 16% 16% 21% 21% 21% • 7% *31% 32 32% 32% 32% 32% 14'/a 14% 14 14% 14 *11% 11% 11% 24'/a 11% 11%. 12 11% 12 14 Va. 2% 80 . 3% 3% 29'A 29% *2% 11% 2% *79 81 4 4 29% *2% *78 3% 29% 29 300 A 1,700 % ft >' 2,100 2 700 ♦71 73% 50 23% .'23% 24 VB 5,700 82 82 22 Va 22'A 89 Va 88% 88% 3% 81 82'/a 3% *80 •' 1,400 , 8,100 400 ' 3% 2,400 81 400 V 4 %% 23% 138 *60 31% 13% 2% *78 3% 3% 29% 28% 17 21% . 23% 23% *137% 138 63% *60 31% 32 13% 14 *11% 11% 11% 11% 2%. 81 3% 29 • ; *2% *78 29 131 Nov 10 118 ' Dec 130 Va Apr 30% Oct 21 Deo 35'/a Jan par 5% -No par par -No par 1 11% 2% 12 2,300 11% *2% *78 *3% 3% 3% 28% 28% 28% 2% 81 3% 29 200 20 3,400 1,600 2 31 IOV2 Apr 101 4% 3 27 14% Nov Apr 23 % Mar 26 107% Jun 5 % Oct Mar 11 31% Nov 16 19% Jan 11 9 7% Jan 110% Nov '/a Jan Dec 16 Va Jan Jun 106% 12 9 x 98 % Va Nov 16'A 14 5 Feb Jan Dec ,25 29'/a Jan Va Dec 11% Jan Jan 80% Dec 24 8 5 Sep Aug 16 13 Dec 22 101% Sep 21 Feb 24 102 Mar 112 7% Jan 12 14% Oct 14 6 % Dec 14 Va 2 5Va Nov 20 2 Va May 4% x40% Mar 31 60% Nov 20 20 34% May 4% Dec 54 5% Jan 60 , May 21 3 Jan 4 16% Jan 110 Apr 28 50 27 16 Oct 24 2 Va Jun 65% Jan 8 May 12 Va Sep 37% Jan 44 Feb 4 4 15 Jan Dec 16 19 20 Apr % July 46'/a 7 79% Jan 10 Jan Dec 13 23 Aug Mar 4% 105% May A Nov 109% May 13 % Jan 48 Sep - Jun Deo July Sep Dec 9% Sep Feb 74% 11 Dec 17% Sep 35 Dec 46 Jan Dec Oct U Jan 30 2% Jan 1% July 28 29 2 Dec 13 80 Dec 91 Jan 11'/a Apr 21% Nov 2% 2% Jan Sep Gotham Hosiery Preferred 2 25 Oct 9 56 Jan 8 82% Nov 18 54 Dec 74% No preferred Jan par 10 % Jan 2 23% Nov 7 10 Dec 20% Sep par 60% Jan 2 23 59 Dec 90 Jan 1% Jan 20 —No — No par —100 Graham-Paige Motors Granby Consol M S & P— div ctfs —1 90 ft Sep 3% Nov Sep 10 No par Preferred 19 1 Jun 3% July 19 25 Jun 68'A Nov 1 '/a Nov 2 % Dec 1% Jan 5 % Jan 9 3% Dec 6% Jan 8'/a Aug 21 6% Dec 13% Jan 10 Mar Oct NOV 2 4 Oct 81 7 6 —.20 Western Sugar— Jan —5 No par preferred x58 No par 3 6 Apr 25 22'/a May 4 6 5 Dec 12% Jan 31 Jan 13 28 Dec 36 Va Jan 23 25 Feb 3 23 Mar 25'/a Jan 9% Nov July 23 14% Jun 19 18% Oct 27 12% Dec 18% Nov 19% Jun 22 25% Feb 27 18% Dec 28% July 22% Apr 28 28% Jan 27 19% Jan 28 July 144 Va 100 130 Apr 21 Jan 14 135 Dec Green Bay & West RR___—.—100 Green (H L) Co Inc 1 50 July 16 63% Nov 7 42 Mar 25 Apr 24 33% Jan 3 36% Greyhound Corp (The) 10% Apr 14% Nov 1G 29% May 9% May 14% Sep 10% Jun 11% Apr Dec 18% — 81 127% Dec 3 13 Great 1,500 Deo 27% No par> No par 570 11% Jan 6 5% Jan 48Va 121 % 3 14% Nov Sep Jan Dec Feb 1,500 *11% Jan 3'/a Jan Nov 91 82 23% 11% 30 104 132% 18 137'A 18,500 Jan Dec Nov 23% 14'A 38 125 Sep 73 137'A 13% 128 99 Va Aug 25 As® Jan 2 par 5,600 14 10 10% Mar 11 3% Sep 17 par 21% 900 9 13% Aug 31 1% May 13 par 2.1'/a 31% 26 10 July 29 21% 31% Oct Apr Gr Nor Iron Ore Prop No par Great Northern preferred—No par 32 July Jan 87 29 122 17% 63% 78 % 102 131 % Feb Mar 25 par 16% *60 Nov 28% 17 % 23% Aug 1% 9 24% 63% 42% 117% Jan 43% NOV -No __ Goodyear Tire & Rubb $5 conv preferred 5% Feb Jan % 15 2 par (B F) w 33% 112 Va 1% Jan Jan 30% 139 ' 61 —1 Goodrich Co 5 40% Jan % May 13 64% Apr Oct 116% July 24 x 30 30 'A 4,700 23% Apr 24 111% Apr 29 24% 16 *23% - 21% Apr 28 Apr 24% 1,700 Apr 122 30% .. 120 par _No Granite City Steel— Grant (W T) Co 8 22 100 1,700 7% Dec (Adolf)———, Grand Union 7% 16 Brewing Co—; Telegraph Co 300 *7%, 20 Goebel 1,900 30 Nov Gobel 8'/a *23% 21 5 Gold <5c Stock 4'A 7% 25 (The)——. -No par preferred—..——50 8 Va 7% Sep 16% Apr conv 4'A 10,300 -No $6 preferred— Glidden Co % % Jan 97 Co. Glmbel Brothers,. 8 11% 2% 80 15'A 39% Jan 15% Feb 20 Corp,.. Safety Razor— conv preferred 4% *11 ' 2% 80 *11% 15'A 39% 6 Va Deo 100 % 21% 63% No preferred 7% 21% 139 100 15% 42 Dec 13% Mar 30 $5 Mar 6% 100 4'A 17% 24 2,900 56% July 5 2 10c Gillette Jan 144 Dec 73 Va ——_1 Corp— 7'A Dec 4 par 1 Rubber Deo 2% 14 55'A Jun & 3 Va 115 13 10 8% May 27 Tire Jan 3% Oct 14'/a Apr 28 6% Sep 55 9% Jan • Signal Gen Time Instru 104 Dec 20 11 No par General Jun 39 Va 10 Nov 4% Nov Mar 00 'A Feb Sep General * 5% Nov 130 6% Sep 16 & Utilities 1 $6 pref opt div series—-No par Al 16% *60 5 56% 2 28 Apr 2 par preferred Telephone 16 2% July 31 Realty 8'/a 16% *138 5 56%' 14,800 "A 700 3% Jan Apr 101 46% Feb 12 106 4 5 104 8 16 No No 4% 30 24% 5 5'/a Sep 9 Jan 7'A Nov 11 35 — 800 60% 22'A 80 24% 63% 4% 60% 82 3% No General Refractories ■ -. • 25 Mar General Shoe Corp 1 Gen Steel Cast $6 preferred—No par 580 " 3% Apr 98 Sep 5% Mar 70'A Nov No % 8 *23% 138% 43A 53% May 5% Oct —10 ; Adv A, Railway ... 700 13'A 60% /, 12% July Jan —No par preferred 6% 1,100 15% 108% Dec 47% 13 Sep Nov par No *4% -29% 24% 16% *106 8% 22 Feb 15 2% 100 C6rp__.__.__N0 Gen 200 ,, *13 13 20 8% Apr 17 51 —.No par Public Service— Gen 1,100 9% 62 22% *88 3% 30 21% 15% 10% Feb 52% Jan Precision $6 400 73% 23% 80 24% 138% *60 80 1 *4% *71 90 3% 108% *J2 *1% 1% *73% *16% Apr 100 Gen 30 16% *9% 4% 15% 16% 61% Dec 6 par preferred- ' 9% 62% 13% 40 17 *9% 2% 13 par No Equip Corp General Printing Ink 2,200 31% 62 % 4% *55 *30 24 —5 No Outdoor Gen 1,000 A 9 Va 16 *106 13'A 104% 62% 108% 13% 15% 17 16% 31 Va 3% Oct 9% Nov _5 Common 300 12% A Gen 30 % *103'A 104% *9% 4% *38%. *30 31% 16% 13 104% % 62% 65 *13% 5% 13 * il 16 *15% 57% *% % M 16% 167/a *9% 5% 4'/a *103 A 31% *55 4% 10474 104% *% 3 22 May 2% July No par General Motors Corp $5 preferred 700 2% 1% 64% 4,000 16% *2'/a *103 20 $6 conv preferred series A.No par General Mills No par 5% preferred—, 100 25,000 126% 16% 104% 31 42% 126% 2% % , 150 16% *% *13% Jan 5 No $4.50 preferred 240 23 Jun 21 -l , Gen Gas <fc Electric A 1,100 *2 Va 4'A *106 42 90% 84 129% Dec 2% 8 .—No par preferred Foods 12 16 5 Cigar Inc.. General Apr Jan —No par General Electric Co 4,800 16 % 2% 14% *15% 90% 83% 129% 42% 1% 3,000 83% 125% General 100 1% 129% 41% 16 91 34% 114% 1% v 34% 114% y 84% 125% 17 % 34% j. 129% 42% *30% 23,300 *83% 125% 14 20 30 *129'A 125% *13% 132 85 125% *103% 129 Va 129 129 125% • 1,300 1% 42% ■ 21 Dec Apr 7% 11 50 Class A cum 1% 1% 3 28 Amer t7% 1 3 23 Sep 6% Apr General Cable Corp 460 2% Sep 2% Jan Va Jun — $8 preferred Generai Bronze Corp,,, 1,100 29% 117% 1% Industries Inc, Transportation General Baking___,___„_„. 800 7% 72 20% * Gen 6 1 8 par ...No — $6 preferred 4,000 2% 7% 29% 117 Va 129 % 2% (The) Gen Amer Investors 10 4% 72 132 29% 1% 85 104% ,1,600 20% •114% 42% • 5% 133 4% 7% 1% 129 2% 2,300 71% 117% *84 18 38% 5% Co 1% Jan 1 20 preferred Gaylord Container Corp., 5%% conv preferred 100 2% 7% 71% 19% <• 400 *128% 1% 85 *% 2% 7% 72 ' 6% 4% *114% 42% *104% 2% 7% 71 4% * 38% 133 *128% 4% 2% 7% 71% 133 4'A 2% *7% 70% 29% *129% 4% 1,200 .! 102% 5% 129 9% 55 *6% 38% 5% (Robert) 5% *100% 38% 19% 129 2% 6% 102 *5% 20 1%. 90 18 *6% 102 37% 19 % 34 102% 9% *50% 5% 4 72 29% *101% 10 55 38% *129% 132 6% 5% 8'A 70% * 103 9% *50% 55 6% 38% 2% 7% • *100 133 • 6% Inc Wood Gar cl A___..—No par (The) preferred Gamewell 9% 9% Co 6% 2,700 3% 2% 74% Gair 300 30 9% 5% 4 Gabriel Co 2,900 •' 19% 9% 104% *128 4 Va 3 % *128'% *19% *8% 5% 4% 19% 19'/a 10 38 *2% ■ 19% 1% 9'A 9% *6% 38% *8 19% 1% *9 7 55 *6% *72% 1% 9% 55 10 *128 1% *9 10 *9% *100 2% 5%% conv preferred Grumman Aireraft Corp,, Guantanamo Sugar 8% preferred— 1 No par 100 — Gulf Mobile & Ohio RR_ $5 No par 10 preferred No par No par 25' Mar 31 10 9 Va May 20 1% May 22 48% Jan 2 " Jun 11% Aug 31 14% Jan 3% Jan ■ 86 Sep 6 29 28 10% 1% 13 Feb Jan 3 2% Jun 18 143 . 4% Oct 24 1% Feb 2 33% Oct 23 9 Feb 54 I Aug Dec Sep Sep 3% July 55 Dec 4% Aug 23% Dec H *23 28 *22 27 *22 25% *22 *32 26 34 *33 35 33 33 *33 *11% 12 *11% 12 12 12 *10% 12 10% *98% 100% For footnotes *99 see 10% 100% page 1839. *10 *99% 10% 100% 11% *10 *99% *22 26 *22 26 35 *33 35 *33 35 10 12 *11% 12 *11% 12 800 Hall 200 Hamilton Watch Co. 10% 100% *10 ♦99% 10'A 10'A 10% 100% *99% 100% Hackensack 1% 6% Water preferred Printing class Co preferred-^.-. 19% May 21 A 25 11 33 8% Mar 16 Feb 11 5 13 29 8 95 Apr Jun 25 Mar 11 Jan Aug 22 11% Nov 12 108% Feb 7 Dec 33 Jan Feb 38 Mar 8% Dec 16% Jan 8% Dec 15 Jan Dec 108 July 23% 33 102 • 1834 RECORD NEW YORK STOCK Nov. 14 Nov. 16 t per share 14 Mi "14 132 132 "128 4:1s "4 1Mb *lMa 88 Ma "87 6 Mb "6 Ma *567b 1% 87% 6 Mo 6 Mb 6 Ma 57% 155 14 14 69 69 69 Mb 136 *40 Ma *41 95 Mb. *92 132% 132 % *132 *40 Mb 42 42 *92 96 *92 16 *14 16 16 28 *28 28 Ma 27 Ma 27 Mb *38 Ma 39 la 10 45 Ma *103Vb 104% 4Mb 4 28 * 4Mb 22 Mb 22 Ma 21Mb ' ■< 6% 6 Ml *13 MB 500 100 30Mi Mar 5 79 Mar 13 par preferred—————No par conv 13 Mb 200 20 115 *113 115 26 Mb 27 MB 27% *38% 39 Me *38 Ma 27% I' 10% *10 Mi 10 Mb 10Mb 10% 44 MB 43% 43% - 103% 103 Ma 103 3 Mb 3% 32Mb 1% *1 *4 Mi 5 *4 21*a 5 4% 4Mb *13 % lo 8Mb 8% 8Mb 8% 8 Mb 21Mb 21Mb 21Mb 20 Mb 13 *4 1 1 4% 4% 4% 21% 21Mb 5,200 4% 4% 3,700 7o To T'» Howe Sound Co- Hudson 5% 900 4% 21%. 21% 4% ■ 1,200 .3 a IB 21% Mb Mb lo' 1Mb 4 Ma 5 Mb 21% 217« 4Mb 22 Mi Mb 500 32Mb -i. M t C— : 3 ■ 96 IMa 6 12 13 Mb 13 Ma 13 Mb 13 Ma "13 50 Mb Dec Jun Dec 16 Mb Sep 12 Mb Dec •18% Aug Dec 30% Jan 9 Ma July 16% Aug fHupp Motor 8% 6,900 1,309 Illinois ■ 5% May Feb Apr 39 Jan 13% Jan 36 Dec 64 106 Sep 18 4% Oct 24 1 Dec 100 Aug 111 Jan 2% Dec 5 July Apr 37 Mb Jan % Jan Jan 7% 3 lMiAug31 A Dec 2 Jan 2 .16% Apr 17 100 5Mb Aug 31 23Mf Nov 9 lMi Dec 3 Mb 15% May 21% Sep 3Mb Jan Car Corp —,—1 RR Co —100 34% Feb • ■ 2 \ ' ft Jan 2% 2 2 4Mb Oct 21 16Mb Feb 4 12% 28 28 Mb 94 107 *105 Va 107 Mb *105 Mb 8 7 Mb 7 Mb *7 V2 6 Mb 6M8 6Mb 161Mb 161 13 Ma 95 Mb Indian 1,900 . Industrial . 400 95 Mb *159 Mb 162 Ma 96 162 Ma 61 60 Vb 60 Mb 60 60 10 Mb 10 Mb 3,600 28 Mb 10 Ma 10% 10 Mb 10% 6 Mb 6 Mb 21mb *6 *20 Mb 22 Inland 2,400 Inspiration Cons Copper—Insuranshares Ctfs Inc 300 Mb 22 11,500 7 Mb 7Mb *7 Mi 7% 1,000 Intercont'l, Rubber—.—^.JVo 6 Ma 6 Ma 6 Ma 6Mb 3,400 Interlake Iron 148 Vb 148 Mb 147 Mi 148 Ma 149 148 5 3 Ma 149 53 54 Vb *107 162 8,000 Mb H, Mb 9 Mb 9% Hi 53 Mb 3 Mb 3 53 53 *52 *131 29 Mb 29 29Mb 134 Va 29 Mb *132 134 Ma 2,800 Int 8Mb 8Mb Int Mercantile *42 Mb *28% 2 Mb 2Mb 36 Mb 38 *36 Ma 57a 5 5% 5% 6 10 10 Me 9 2 Mi *10 Mb 10 Va *27 Ma 28 Mb 25 Mb 66Mb 67Mb 9Mb 2 Ma 36 Mb 35 Mb 36 Mb 41 Ma 41 Ma 3,100 28 M4 *35 V* 38 *100M4 6 M« 5Mb 5% 5 Mb 5 Mi 5% 6% 5% 5% *9 Mb . *91 92% , *91- 92 Mb *91 92 Mb 10 Mb *10 Ma 28 V2 137 Ma 139 *137 9% 9% 9% 9% 9 Mb 25% Mb 25 Mb 25 Mb 25 Mb 67 ; 66 Mb 67 67 64 Ma 129. 131 *129 131 , 28 200 139 19Mb $6 Johns 3,100 *55 Mb 56 Mb 500 68 Ma 67 Mb 67% 500 8Mb "8Mb 8Mb 12 Mb 8Mb 8Mb 8Mb *11 Ma 8Mb 8Mb 13Mb Nov 26 May 29 Apr \ Ma "11Mb 12 5Mb 5% 28Mb 27% 8 Ma 8% *120 8 Mi 84 11Mb *11 Ma 12 6 5% 28 26% 28 8 84 11 14 Mb "8Mb 8Mb 6 *11 *102 Ma 110 8Mb 8Mb 8Mb 110 Mi *7 Mb . Kan 6 Vb IIV* *102 Ma 14 8 Mi 8Mb 7% 8 Ma * 11Mb 102 Ma 14 * 85 Mb 8Mb . 30 200 .. 110 *13 Mb 110 14 900 *11 84 11 Va 110 1,000 8 Ma *84 84 13% 27 Mb 14 7 Mb ; 8 1,100 .3,300 - ,4%- Sep 51 Mi Dec 73% Juiv 1MB Apr 2Mb Sep 48 Ma 5 20 23 46Mb Jan 30 32 Ma May 48 Mb Feb 13 38 Mi Feb 5 31Mb 14 Mar » 32 * 26 Feb 39 Mb Oct 16 25 Mi Feb 49 Oct 104 Mb Oct 15 95 Jan 104 Oct .9 3% 3 Mb Jan 2 1Mb Dec Jan 2 6% Nov 9 1Mb Dec 29 10 Mb Nov 9 5 Mb Feb 14 Jan 12 Feb 98 10 Ma Nov 32% Jan 13 7 6 26 Mno * 124 95 L- 87 Aug 33Mb Aug Mar 134 Mb Aug 14 Jan 44 Jan 1S 5Mb Jan 2 10% Nov 9 5 Mi Dec 18% May 15 33 Ma Jan 5 31% Dec —No par .——100 4 Ma May 15 May Jan 122 9 17 Ma May 20 54% May : 1 May 20 61 7Ma Aug 13 *104 105 *103 *103 105 29% t *103 29 Mb *103 105 29 Mb 29 Ma 29 Mb 29 Mb 29 Mi 15 *14 Mi 14Mb' 14 Mb 14% *14 Ml 15 *14 Vb 15 25 Mb *25 Ma 26 Ma *25 Mi 26 Ma *25 Mi 26 Mb *25 Mi 26 Mb 2Mb "2Mb 2Mb 2 35 Vi 34 .29% 25 Mb *2 . 105 *104 105 29 Mb *14 Mb 29.Ma *2 2 2 Vb *1% *34 29Mb 105 30 Ma *14Mb 107% Jan 5 107Mb Dec 111 Mi 67 Mb Nov 14 49% Dec 71Mb NOV 4 24% Jan ,3 Jan 6 79% Jan 3 129 64 2 Mi 34 Mb * 26% 2Mb *34 200 100 - 2% 200 34 Mb 34 Ma *34 Mi 34% 19 Ma 19 Mb 19 Mb 19% 19 Mb 19% 19 Mb 19Mb 19% 19% 19% 3 Mb *2 Ma 3% *2 Ma 3 Ma *2% 3 Ma *2 Ma 3% "2Mb 3% *23 Mb 23 Mb 23% 23% 23% 23% 23 Mb 23% x23 Mi 23% 23% 23% 24 Mb 25 Mi 24 Mb 25 25 25 25 25 Mb 25 Mi 25 Mb 25 Mb 60 19% *2 Ma 26 36 *35 35 City Southern^ preferred- HO No par -No par Feb Dec 27 >/a July 59 Oct 67 Aug 64 Ma Dec 86% July 8 Mi Deo 14 16Mb 20 12 Ma Oct 13 4»/a Deo Oct 16 xl 16Ma Jun . • --1' . 10 Mar 17 2 May 26 16 t—100 Class'- B—— ' 2Mb Jan ■ 124 7 Ma Oct 29 Mb Nov 13% 9 17 11 Ma Feb 4 13 Jan 7 U Ma Sep 9% 5 100 Ma Jan 24 6 1 Apr 7 102 Sep 24 14 Mi Nov ■8% Nov 7 6 Ma 95 9 9 100 12 93 Ma July 23 10M4 Apr ■ 2 26' 83 Ma Nov Dept Stores Co $6 pt pfd A——-No No Keystone Steel&-W Co„1.—No KimberlyrGlark—_ —No Kennecott Copper^——^ 4Mb Jan $5 100' . 2,700 Kroger Grocery & Bak——No par i-.—— 10 10 38 17 * 9 Ma *9 Mb 3 7 Ma 3 7 Ma *36% 16Mb 16Mb 16 Ma 16Mb 10 *36 "16Mb 9 Ma 37% 10 *37 16Mb *10 Mi 10 Mb * 10 Mt 10 Mi 10 Mb 10 Mb 10Mb *25 Mb 2 5 Mi 25 Ml 25 Mb 25 Ma 25 Mb *22 23 Mb 22 22 21Mb 21Mb *103 110 103 110 3 3 21Mb 110 110 *108 16% 9% *36 Ma 17% 17 Mb *9% 10 *36% 9% 38 ' 38 17% 17% *9 Mi 10% *9% 25% 25 Ma *25 Ma *21% 22 *2lMb 22 10% 110 *108 *108 114 114 110 10 • ' 2 Tb 1 1 1Mb 12 12 Mb 11 Mb 12 24 Mb 23 Ma *14 Mb 14 Mb *14 Mb *22% 23 23 30Tb 30 Mb 30% 4% For 5 2Mb 3 1 1 2% 1 2% 1 2Mb 1 3 2Mb 1 1 Mi 11Mb 11% 11% 11% 11% 24 Mb 23 Vb 23Mb 23 23 Mb 23% 23 14 Mb 14 Mi 14 Mi 14% 14 Mb 14 Mb 14 Mb 23 22 MB 2 3 Vi *22 Mb 23 Ma *22Mb 23 % 30% 4% footnotes see 3 29 Vb 30% 29 V8 29 Mb 29 Mi 29 Mb 4 Tb 4Mb 4Mb 4% 4Mb 4% 4Mb page . 1839. 11 Mb Laclede 5% Gas Lt — - • ■ Lehigh 20 2% 2,200 1 1,400 — H5 —_100 —50 No par 50 Portland Cement 4% conv preferred JLehigh Valley RR — Lehigh Valley Coal-——f 6% conv preferred 12 12 Mb 3,200 23% 23% 5,500 14% 14 Vb 600 Lehn & Fink.Prod Corp *22Mi 2 3 Mb 400 Lerner 29% 30 Mb 6.200 Libbey Owens Ford G1 4Mb 4Mb 7,900 Libby McNeill & Llbby— Lehman Corp Stores (The)Corp 25 5 30.Ma Sep 17 , 19 Ma May - "4 Mar 31 2Mb Jun 22 Ma Apr 15 7 29 7Ma Apr 29 400 100 - 3 17 21Ma Apr 24 'IIM2 Jan 2 8% Mar 17 Lambert Co 1 — 1 -5 -No par -No par 7 20j" 14 Mb Nov 100 (The)^———lNo par Lane Bryant No par Lee Rubber & Tirei i —5 1,400 Jan 37% Jan 100 Co St Louis preferred—-. 400 25% 21% • • 10% 25 Mb ' ' *1 24 *25 10% 38 ' Mb 9 1% Jan 10 1,500 iS- S). Co' 105 2. 24 Ma Jun Kresge Dept.Stores-l—' — 1 Kress (S.H) &.Co———No par : 6 11% Apr prior preferred———No par Kfesge May 26% Jun —1 Kinney. (G R) Coi—— - par: par par par 3,300 t Sep * Feb 5 117 - ■; Sep 128 Jan 11 Dec Nov 122 K Stove k Furn— Kendall 26,400 , 15 *25Mb " ■ Sep 9 Mb Dec Anr 138 Sep Sep Sep Feb Ma 12Ma 15Ma Apr 15 18% May Aug 2Mb Jun % May 8Ma Jan 104. 29 4 2 25 7 17% Apr 17 11% Apr 24 18 Apr 29 20% Jan 5 4 * Mar 12 29 r Jan 121 Ma Mar 6 Deo 22Mb Dec ! Aug Aug 14Mb Aug Dec 104 Mi Jan Dec 9 Aug Dec 121 Ma Apr Mar 18 Jan 9 Mb Dec 4Me Dec 98 Ma Feb 30Mb Dec 11 Ma Dec 14% July 25 Dec 38. 8 Ma ' • Oct Jan 88% Apr %7 7% Apr 29 24 Mb Apr 29 ". Oct 31 Mi May 6 May 20 May 7 May 6 Mb Jun b Sep Jan 49 1Mb -1-1 5% conv preferred— 100 Kayser (J) & Co : ——5 Keith-Albee-Orpheum preferred-100 Kelsey Hayes Wh'l conv cl A—1-1 "• 20 2Mb Nov 50 City P & L pf ser B Kaufmann Feb 10 7b 5 60% Jan 85 Kansas- 4,900 Ms *7% 8% 11 Mb *102 Ma 14 Mb 14 14% 14 Mb *11 11 Ma 27 *27 Mi 27 84 *83 84 84 11 *101Mb 110 *14 6 124 *120 5% 5% 27 8Mb *8 8Mb ' *101Mb 124 *120 124 12 " 27Mb 8% . *83 *83 *11 *120 124 5 Mb 5% 5 Mb *27 Mb 12 124 *120 124 *120 12 131 9 ; 11 Dec May 15 Mb Jan - July 23 125 2 5% I-'';' * 4 9 July 16 135 6 Mb Nov 1 5%• Dec 1Mb 3% Nov 20 IV2 Oct f par Kalamazoo 56 Ma *66 Ma Apr 43% :Nov ;i9 300 *55 Ma 68 Ma 6 Mb 9 14 11% 56 Mb *66 Mb Jan 9 7% Sep • "llMa *55 Mb 67 Mb Jan 9 Mi Oct 3 300 56 67 Ma" 170 12 Mb Jan 126% Jan 8% 20 Mi 55 Mi 70 Jan July Jun 150 57 Vb July 27 55 Mi Oct Jones & 5,200 19 Ma 56 Ma 68 Jan Dec 42 Ma 9 July 30% Oct *8 Ma 20 20Mb 56 70 6 166 29 Laughlin SteeL.——No par pref; serie3^';Ai-—lb—100 pref series B conv 100 Joy Mfg Co — 1 —1 19 Mb 20 Mb 57 "May 14 2 Ma 100 b 5 Nov 55 10 25 -—— Manville— 151 Ma Jan 24 MB Apr 100 preferred Preferred 40 131 11 Mi 167 Ma par Jewel Tea Co Inc__———No par 65 Ma 65 Dec Dec 38 Jarvls 4 Mb % Feb 6 - Mi 127 Co— Dec 3 Ma 140 5 Mb May 25 par, preferred-^— (W B) 8 9 14 19 94 No Jan % Jan 26 — Sep 113 Mi Jan 8 24 May Sep 27 10 Mb Jan 29 20 Apr ■ 600 20Mb *8 Ma July 147 600 *69 Mb *8 Mb 107 —100 Intertype Corp.— Island Creek Coal——. 100 *129 20 3 40 10 *56 Ma 20 111 Ma Feb 109% Mar 16 25 Mb *25 Ma 66 Mb 131 *129 Dec Teleg— —No par —No par Foreign share ctfs No par Interstate Dept Stores— 70 *20 Mb Ma 19Mb *27 *93 100 66 Mb 66 129 500 10 25Mb 19 Silver—— ——50 Preferred 10 Ma 10 Ma *9 Mb *9Mb *93 100 *93 100 *93 100 139 25Mb 25 Ma 1,100 *137 28 Ma *27 137 Ma *27 27 Ma 27 Ma- *135 27 Intern'l Telep & 92Mb *91 10Mb 7,900 10 *9Mb 10 *10 Ma . 10 Ma 10 Vb 6% 6 5M'4 5 Ma 9 Mb 108,500 Jan 23 Ma Jan 26 — Jan 5 International Shoe—^„ .—-No par preferred- Jan Jan 90Mb 7 Ma 39 —No Sep Dec 13 Ma 5 M» Apr .■—-No par Salt—: 111 Ma 161 Dec : Dec 30 Mb Oct 7Vc 63 Feb 100 104% 154 4 6 par International 38 104 Ma 9 Mb 139 *25 *35 Mt 38 *100Mb 13 8M« x—100 preferred t. Aih-c preferred-— 200 8 Nov 74 Mb Feb 5 5 Mb May -15 Co_ cpnv International Jan 161 100 — — — Paper 100 1% Apr No 85 Ma 1 14 1 —II—100 — July 29Ma July 20% May 3 Apr 24 3 Mb Inter Rys'of 'Cent 1,800 28 Ma 28 Mb 2.9 104 Mb 6 1H 28% *27 Mi 45 *100Mb 10 Mb 10 Mi 10 Mi Jan 9 Ma 6Mb Feb Mining Corp.. Preferred 350 42 6 92% *91 *128 131 *128 2Mb 10 *93 100 *93 * 28 Mb Mb 44Mb 2% 6 9 10 10 *25 *35 8% 45% preferred International 12,700 >* 7,700 8Mb Marine— —No Int Nickel of Canada 300 137 8M4 *49 42% 4 % Internat'l 19,600 36 Ma 2Mb 28 Mb 2,000 "2Mb 36 42 Mb *131 Mb 137 10 *135 139 *135 2Mb *35% 38 5M'b Aug 21 Mi Feb 12 Mb Jan Min & Chem— Internat 400 • , 43% 45 . 36 29 5Mb 5Mb 8Mb 44 28 Mb *100 Mi. 104Mb 104 Mb 104 Mb 8Mb 8 44 *28% Mb *100Vb *100 Mb *91 28% 28% *131 2Mb 2 Mi 36 *35 Mi 28 *28 Vb 29 3 Mb 28 Mb 2,100 8Mb 52 Mb 3 Mb 131Mb 8Mb *42 Vb 44 *42 Mb 44 8Mb 52 Mb 3 Mi 28Mb 46 % 45 Mb. 47 *35Mb 36 38 Mb *36 r 1 2Mb "2Mb 35 Mb 8 Mb 52 Ma 3 Vb a131Mb 132 8Mb 8Mb 8% 46 Mb 47 47 4Mb Dec 5 2J Hydro-Elec Sys class A——25 20,100 8 Mb 27% 29 Mb 132 Dec 13% 100% Aug 21 100 t Preferred % 52 Mb 3 Mb 3'b 3 Mb 27 Mb Aug 45% May 18 Vb Oct -No par —No par Harvester— 11 Mi Mb 8 *52 53 Mb , 3 Ma Aug 24 Dec 5 Ma Apr par Ma ' 3 Mb 3 Mb 10 Mi Dec 5 28% Oct 20 24 8Mb May 20 par 10 Mb 11 53 Mb 8Mb 8Mb 8 Mb 8Mb 8Mb 9 9 53 Vb 10Mb 10 Mb 8Mb 9 Mb Mb Ma Mb Va 9 Internat'l May July 54 —No par Int Business Machines. 510 ■% 162 162 162 162 163 . 54M4 53 Ms 53 Mb 53 54 600 , 74 153 —100 preferred *107 7 Mb 6 Mb 160 Mb, 162 9 Mb -11 6% 107 Ma 7 Mb 107 Apr 20 6 Mb 107 21 ,—1 Corp——.—No par Interchemical 130 107 Mb Steel 6;)a " 9 Mb Co__—_—-——No 1,300 • 6 *21 6 Ma 6 Ma 21Mb . 7 MB 148 160 158 Mb 12 28Mb *159 Me 162 Mb *59 Ma 107 Mb 6 Mb. 54 Mb 12 Mb *94 94 *159 Mb 22 22 Mb Deo 23 28 Refining———10 Rayon..— -No pat Ingersoli-Rand :— —No par 6% preftrred—— 100 14 Ma Oct 13 13 2 28 Mb Jan 2 2 Mb Jan 6% Jun . % 4Mb Mar 25 42 2 32 Vb Jan Jan, Nov 31 4 26 10 Mb Sop 380 4% 11 Mb 9Va Nov 23 Mi Oct Indianapolis P & L Co——No par 6% *6 Mb 54 39% May 13 340 6Mb 55 39 Mb 5% 13 1,200 162'b *21 Ma 54 Mb 39 V* Central 6V& Dec V* '*• 7 1% Apr 13 2 Jan 5Vb Nov 4% 94 94 150 20 Jan 2 % Jan .—100 11% "6 *147 20 Dec 26 Ma 11Mb 11 151 8 Mi 20 Mb Oct Jan 24 "4Mb 6% 151 8Mb 8Mb *19 Mb 115 52Mi 4Mb 39 Mb 62MB 6% Jan Dec 11% 10 Mb *7% Jan 30 Ms 11% 61 106 56% 115 Dec 9 107 Ma X "4Mb 11Mb *21 V* July Oct 13% Nov 12 7 Nov 10 Jun 1 Nov 4Mb 62 Mb 23 80 132 Mb 12 Ma 11% 11 23 Jan 16% Dec 99 Ma 39 Mb 62 Mb *6 Sep July ' 33 Mb 4Mb 11Mb 11 Ma 168 10% Apr 11% 63 *62 Mb Deo 65 Mb Oct 19 Sep Jan 96 123 Ma May X Jan 8% Dec 150 Feb 28 Nov 13 Jan 2 39 M4 4 Mi *159 Mb 162 Mb *158 Mb 3 Mb Dec Oct 19 Feb • 96 Jun 5 preferred series A— 100 Leased lines 4%. ———-100 RR See ctfs series A —1000 12 28 93 97 95 162 Ma 158Mb 28 Mb 28 28 28 *91 Ma * 101 Deo 76 28 "4MB 12 Mb 39 Mb Feb Jan Deo 39 M? Oct 30 llMaNov 9 44 Jan 20 2Mb Apr 24 29Mb May 2 Hud Bay Min & Sm Ltd—a—No par Hudson Motor. Car————No par 2,700 14Mb 17 29% 67/b 27 Jan, 2 8Mi Jan 2 30Ma Apr 29 25 5 preferred 7/b Mb 8Mb 20 20 39 Mb 39 Mb 4Mb 12 Mb 5 Jan 6% Jan 19 Nov 20 13.Mb 39Mb 4Mb 12 Ma 39 Ma 8Mb 8Mb 21 12 Mb *4 Mb Jan 25 V* 149% Dec 92 ' 39 Ma 106% Jan 3 Mb 13Mb Sep 23 " 18% Jan 30 111 Mb Feb 27 115 Feb 20 21Ma'Oct 13 38 Mb Feb 5 100 : Manhattan & ■ No par —No par Houston Oil.of Texas v 2,000 4 Ma *1 1Mb *1 32Mb 33 preferred. 5% 500 4 .1- Class B„ Household Finance—^ 300 102 Mb 3% 3 Mb *32 32% 32% 102% 103 3 Mb 1—12.50 Houdaille-Hershey cl A—wNo par 1,200 v *43 < —.—100 —- Homestake Mining— 100 - The——*1 (C E) preferred- 7% 13,300 " 39 44% 10% *43 3% 5 Mb 21Mb Deo ■ 12% Deo 44 July 9 102Mb Jan 12 12M2 Mar 11 11 1 Mar 21 14Mb Jan 2 ' 6 Jan 6 —10 1 Holland Furnace (Del) 10 Hollander & Sons (A)——b—.--5 Holly Sugar Corp :__No par Hires Co — 900 ; 6 Mb 13% *113 . " *6 Ms *13 MB 115 1% lib 4% 27 26 MI 27% 27% 6 Mi 13% 5 Vb *1 1 Ma *4 Ma 5 100 *38 Ma 104 *32 32 Ma Ma par Hlnde & Dauch Paper Co 100 16 26% 10% 3 Mb 4 3 Mb 16 39 Vb 44 Ma 2 104 103 Ma 103% 109 — par ' *42 V 44 32 33 *32 Ma Mb 38 Ma 10 Ma 10 Mb 44 11 38 Ma 39 Mb *38% 11 *43 Ma *14 *15 Mb 25% 27% ■ 16 16 *113 114 2 6 Ma 27 Mb *14 *15Mb *13 13 Vb 114 14 6 Vb 6 Vb *6VB *13 115 26 MB 28 Mb *28 6% 13 Mi *114 115 *114 Mi 13 Mi * 16 28 16 13% i— No ——-_No 6% cum preferred i I Hershey Chocolate: ; No $4 15% 16 *15 Mi *13% j 1Mb Jan 4 79 Mi Apr 24 93Ma 4Mb May 2 7% 45 May 4 58Mb 141 Ma Apr 9 158 - 10Mi Apr 28 14% 51 Apr 27 72 125 Feb 9 * 134 * - ———25 Motors- ■ 14 *14 *6 400 *' Mb Jun Hercules Powder*. Hercules 100 140 Highest J per share ^ 16 6% 132 • » 40 96 16 *6 Mb 1,300 42 9 6 Ma ' ' 135 42 *92 *15 Mi 28 69% *40% *14 . 400 13 Mb . W)_ Preferred 40 Va 132 (G 157 69% 69 Mb 69 Mi Products Corp Helme 200 104 Jan 17 16% Jan 19 146 Jan 10 4 Ma Feb 2 88 May 12 8Mb Nov 6 —2 —25 —-—1 tHazel-Atlas Glass CO- J per Share t per share 98 Apr 20 12Ma Apr 29 par Mfg Corp Hayes Hecker 13,700 57 *13% 14 *13 Mi ••• 7% 57 96/b 40 Ma *92 97 *92 13 Mb 69 Vb 500 *151 - < 200 6 Mb . 157 *151 157 13 Mb 1% 88 Mb 88 6M2 56 Ma 69 Ma 136 '132 Ma 42 *151' 6% 56% 13% 69 132 Ma 132 Ma 42 *132 Ma Ma 69 Ma *13 % 14 Ma *56 157 '151 157 *151 14 V2 69 6% 57 Mi 6 Mb 6 Va 57 Mb *56 ' 88 88 88% 1,300 "1Mb 1% 1Mb 1% "1Mb 88 89 • 8M4 8% Refrac—-—No ——100-x preferred-:—Hat Corp of Amer class A — 1 6Mb % preferred. .—-100 Hayes industries In£ J* 1 6% ' Lowest 126 Apr 2 3 Ma Mar 7 80' Jan 29 5MaMay21 No par Co $5 pfd (M A) Harbison-Walk 50 92 *87 Ma 8% 8% 8Mb 1 Ma 1M2 89 Ma * *56 Mb 59 "149 M4 1 Ma 88 Mb Mb Hanna 200 ■ 4% *4% 4Mb 92 *87 Ma 92 8 Ma *8 Mi 8% 8% 8'/a "8% 92 *87 Mb 92 *87 Ma 92 *87% *87 138 *130 t per share Par 40 : 13% 13% 14 138 "4MB 4Mb *4 4% *4 4% *4 share Range for Previous Year 1941 Range Since January 1 On Basis of 100-Share Lots Lowest Highest STOCK YORK EXCHANGE Shares 101 101 101 *130 138 per share *13 Ma 13 Mb *130 138 *130 132 v 13 Ma 14 101 101 101 101 *13 Mb 14 *13 Ma t per t per share shari 101 102 Ma *101 102 *101 t per I per share NEW the Week Nov. 20 Nov. 19 Nov. 18 Nov. 17 Sales for Priday Thursday Wednesday Tuesday Monday STOCKS HIGH SALE PRICES LOW AND Saturday L Monday, November 23, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 10'6 Jan Mar "39% July Jan Jan 3 2% Feb 5 1% Dec 5 23 Mi Feb 40 Ma July 21 Dec 26 Mi 40 Ma Feb Jan 9 3 Mi Jan 23 Jan 2 29 Ma Jan 5 13 8 5Mi Feb 41% Sep 30 17Mi Jan lOMa.' Dec 7 Jan 3 Mi 22% 27 May 17Mb Oct 15 11 Nov 12 26Vb Oct 20 Sep 28% Aug Feb 29% Jan 17Vi 45Ma 14Ma 13 July Sep Aug 2Mb 24 Feb Apr Dec Jan Feb Feb 24M8 Nov 9 14MiAug31 xl9 11% 18% 19Ms DecDec Dec 3lVb Nov 9 5Mi Jan 20 , • Dec 3% Dec Sep 27% July 14% Dec 19Mi 107% 1% Ma 2Ms 23Mi Nov 17 Sep 5Mb X22 Ma ■Mar 9 16 26 20 18 23MaJan 113 Jan 4 Jan 1Mb Jan I5M2 Aug July , 26Mb 116% 5Ma 2Mb 14Mb Oct Jan Aug July Sep 24Mi Sept 14Mi Nov 27M2 Sep 45% Jart 7Mb Jan Volume 156 THE COMMERCIAL & FINANCIAL CHRONICLE 4127' Number NEW YORK STOCK Saturday Monday Nov. 16 Nov. 17 *29% ' I 29% 30'/a per 29 29% $ t per share share 28% 29% 29 Nov. "'<> 29 59%" 59% *58% 59'% 59'A 59% 59% 59% 60% 60% 60% 60% 59% 60% 60'A 60'% 175% *174% 175% *2314 26 34% '• 34% 12 *34 23% *22% 233A *24% 26 *24% 25% 1 35 35 43% 11%, 11% 11% 16 16": 17'A 15 % 16% 43% *39% 38% 39% 5 5% *18 11% 1174 15 74. *15% 1574 " 163% 16% 16% 173.4 • 433A 43% 43 74 43% 443% 383A 39'% 5% *53% 5% *17% 16% 16% 38% 5'A 18 'A 147 145 15 15 15 15% *14% 16% 15% 63 62 62'A 62'% 62% 18% 18 18 17% 17% *62% *145 145 146 ' 39% 5'% 5% 163% : A6%' *145 Lima Locomotive Lion. Oil Refining Wks 146 No * Co Liquid Carbonic. Corp. ' 1,600 Lone Star 9,700 Long Bell Lumber A__ 1 200 16% * 15 15 *15'% A, 3,900 Inc *15 61% 62 *61% — 18 613/4 < 800 173/4: 500 61% Cement Corp 18 73% Jan 12 64% Dec 96% Jan 29 74% Jan 5 64% Nov 98 Jan 16 176% Nov 10 Jun 189 14 2334 Nov 9 17% Dec 21 Jun 22 % Jun 23 3274 Feb 4 X20T4 Dec 30 Jan May 21 37 '4 Nov 5 x29 37% Jan 97s Jan May Jan Jan 1274 Oct Nov 12 13 Apr 1674 Jan 24'% Jan 6 19'% Apr 3174 Sep 397a OCt 16 8 9 'A Dec Jan 2 45 % Aug 1 28 31% Jun 16 42'/2 Jan 28 35 Apr 27/b Mar 27 15 128 100 Louisville Gas & El A_—,_L_No par Louisville & Nashville^-^— 100 6 Mar ,13 11'% Apr -10 1374 July May ■ ^^25 : 174 39 2 37. par. Biscuit—^.^ Nov 11% May. 147a May 20 1 No par (P) Co_.^_. preferred 7 % 25 V2 No par LOrillard 400 63 *17% 16 32% pat —^__No Loose-Wiles 10 153A 3 —No pat 1 146 I per share Jan ,____No par Loew's 18 16%- Highest I per share 33 ;—No par Lockheed'Aircraft Corp *145 146' *145 Mar I per share .164 5'2 Apr 1674 Apr Lily Tulip Cup Corp__;—___No par Link Belt Co 5,200 6 Year 1941 Lowest 50'% Apr 100 :— 9,500 39% *17% 18 *17'A 16% 39'A Range for Previous Lot« Highest 13 i_25 ' 18 ,*17% 16% *145 tPreferrfed 900 100-Share 50'% Apr 700 ■ • - 20 Series B 500 ' of t per share 5 900 ' 153/a *11% ■ Liggett k Myers Tobacco.: 200 - ' 16 3A 43% ll3A " 153/4 38% 5% 18 16% 36 2274 11% 43% 38% 5% 18 -16% 43% 38% 5 18% „ 16% 43% 43% 26 35 % 11% 17% " 253/4 '16% 16 16% ' 11% 16 17% 17% 35 223A 25' Par , Life Savers Corp 120 ■ Basis Lowest - . A,600 175 353% 25 *35 On 700 ■ *15% 12 *15% 35 35'% 58% 175 Range Since January I STOCK 700 60 • 2 2 3/4 223A *22% 26 26 ■ 175 *173'% 175 *173 174 23% *22% 23% *24% 174 58 YORK EXCHANGE Shares v 29 593% ' NEW the Week share per 29 29 59% 60 *174% S share per 60 % *58% . $ share per STOCKS Nov. 19 Nov. 18 Saleh for Friday Thursday Wednesday Tuesday Nov. 14 # per share RECORD AND HIGH SALE PRICES LOW 1835 20 19% Nov 29 149 174 9 Dec Jan 1374 Jan 10 12% Dec 30 167B Nov Mar 30 1174 Apr 55'% Sep Nov 45% July 374 Dec 142% Dec 162 19 Sep 19 3/, Jan Jan 9 18% Jan :8 15 Dec 22 Sep 2 . 76% Jan 26 60 Feb 74% Nov 23»/» Jan Deo 31% Jan M v *18 *124 130 *124 *124 130 130 *124 17%' 130 17% MacAndrews t 130 *124 130 *124 " 173/4 ' 6 % Forbes__J & preferred;.. 15% Apr- i-10 1 12 19 Jan 27 X32 3 3534 Jan 2 23% Apr 35 74 30 21% Jan 5 17% Dec 2974 Sep 6 137r Jan 22 11 Feb 147A Aug 4 27b May 22 •2774 Jan 28 19'A Dec 31 1% Feb '124 .100 -—.^ 131 27 Apr Dec 138 Jan ' 30% 30% 29% 30% 30 21% - 21 21% ?1 ; >-*9% 30'A 30% 30 3A 303% 30% " • " 20% 10% 10% *20% 21 % *10 ' 10% ' 21%. 20% 20% ^0% 3% '•> 3% 20 % 20% 10%: *10'"-' 10% • 20 20 % 20% 20% • *9% : io 20%' 20% ' •.r 'V*9%' t; 3% 3% Va' 3.200 20% 10 > t__No 27% par CoTnc Macy (R H) ' Aug- 17% Apr • par 3% 3% '■ -*374 3'/a •' 3% *374" V Madison Sq Gardens 100 ' : 21 20% " 3% Mack Trucks Inc__i_ .3,000 ' - 20%' ; 3a * ' 20'%' 30 *30% 374 ' 800 Magma ' —_No 'par „10 Copper__„_____L_; , Manati Sugar Mairdel 2,100 Bros Co„- *5% 6* *5'/8 6 *5% 6 *5% 6 *53% 14% 14% *13% 15 *13% 15 *13% 15 *13% 14'A *13% 14% 1% 1% 1% 1% 1 % 1% *1% 1% VI1% J.% 1% 1% 2,500 3% 3% 3% 3% 3% 3'A *3'/8 3% 3% 3% 3'A 8,100 Marine 7% 8 % 7 7% 7% 7% 7% 8'A 4,350 Market St Ry 6% 97/a 3,500 6,500 Martin 1 6 *5% par T.No ; Manhattan Shirts.: 5 —25 : v 100 ■ ;-l ; Marshall Field & Co 20%"' " 6 9% Nov 20 May" • 11 4% Jan 10 9% 10 , 3»A , 9% 10'A 20% 7'/a 9% 20»/« 10 19% 7% ■ 10 8 8'A 9% 9% 9% ■* 21 20 '21% 4 21' 4 3% 3% 4 *28% 29 *28% 28% 28 *24% 26- *24 25% *24 ' 24% 163 163 37% 163% 37% *3 • 21 *92 *12 *12% 37% X36% 3% 3 ' *92 103 *102 23 *28 28'A ' *24 24'%/ 25 25 23 106 22% 23 168 *163 37 9% 8% ' Oil Exploration..—.. Maracaibo Midland *32% 33% 32% 36% *2% 19% *94 *12 22% 32% ■ 100 • 1,400 %' 1,300 . .„5 Corp % Mar 27 274 Jun • 4 474 Jan preferred-, .100 pr L) No Corp i„No par Corp_„w———-No par 2 37 38 3% 3'A *95 12 %>' 12'A *102 106 *102 8% / 400 , 12% 12% 108 108 6% *6% *100% 6% 25 *5 12% 109% 109% 6% 6% $3 200 McCall 1,200 22% " 106 22% . ,i__No 6% *58 25 6% 13 12% 104 *100% 6% 73 *70 *57 60 25% 5 .—No par preferred cum *26% 28 30% 30% 30 30'/4 *29% 30'.% 27% 27% 28'% 6 % 27% 6 % 6% 6% 6 5 Vo 100 28 conv preferred- 9 13 * * 3,700 '. 1093/4 6'% *6% 63A 104 1 _1 L,—. 70 *65 *57 "25% 26 * Va 5 *263A 27 31 4 31 27 *26 31'A *26% ! Mengel Co 110 ' 31% 3% 800 » 27 27 5% 574 5% 17% 17% 17% 17% 21 21 20 20% 19% 20 *19% 20'A 108 108 108 108 % 107 *19% 107 54% 20 107 : 54% 107- 55% *107% 109 *107'% 109 *107'/a 109 *107% 109 x *109 % 112 *109% 112 *110 112 *110 112- *110 2% 2% *2% 2% 2% 2% *2% 62 *61% 61% 61'/a 61 Va *59% 60 14 13% 14% 14% 14% *14 14% 1 1 3% 1 3% . 3% *115 119 *118 119% 17% 17% 80 82% 119 115% 115% *115 118% 118 118 *118 109% 109 109% *109% 32% 33 8% ' 116 1 50 conv 3% '■ Moline Mission 173/4 ; 81% V 114'%: 114 30 *118 118'/a 1 109% 110 *109 % 110% ; 300 32% 32% 35 *30% 35 13% 14 13% 10% 10 10% 10 10 114 33 *30% 12% 12% 12% 12'A 12% 12% 22% 23 22% 23 22% 22% /v 32% •V *10 33% Power 2% 2% 55 55 16 60 *59% 60% 111 110% 110% 5% 5% 60 *110% 2% 55 100 1 14 13% 10% *11 • Va *10 12% i *223/4 5% 5% 12% ' *12 23 2% 27/a 23A 800 1115 % 54 *15% 16 *60 60% x60 60 *110% 5% 54 5% 1 110% 5% 5% / 34% *33 34% Sep 31'/ Sep Dec 1 Aug 5674 Sep 274 Dec Jan Dec 28 92% Oct 31 90 Dec 107 1274 Oct 2 6 1574 21 8 14 34% Jun 16 2 14% May Dec 16 Feb 13% Dec 9 13 13 % Aug 28 10974 Nov 19 May 20 1 Apr 6 Jan' 7% Jan 8 108 , 6 26% Nov 25% Jan 9% July Deo 3774 9 'A Dec 103 5 101'% Apr -7 5 Dec Sep 110 Dec .. Sep 15% Dec 574 Aug 109% ; Dec 14 Jan 7% May Jan Dec 1037s 6 '9 9% Nov ■ Apr 1274 6 Jan 23% Nov 94 176 Nov 874 Sep 109% Jan 9% July , 15 Mar 24 70% Mar 82 July Sep 17 72 Feb 3 54 71 Aug 27 32 Jan 2 27% May 2 6 Oct 24 3% 24 29 Oct 13 Apr 15 33% Oct 28 . 77 Dec 33% Oct Feb 6% Dec 213/4 Feb 29% Sep 7 14 Feb 303/4 Apr 30'% Jan 16 24 Dec 37 Jan 474 14 187s Nov 12 13 Mar 16% May 18 88 'A Apr:30 par 7% Jan 12% Mar 12 23'% Oct 13 17 Dec 108% Nov 16 86 57'A Nov 16 34 Apr. 17 19 108 Oct 9 Xl077s May 19 174 May 21 57'% Jun 26 111 Oct 10 974 Jan 17% July 38% Dec 125 Nov Jan Jan 24 3% Nov ' Dec Impll ilOO —— 1 No par- Mar 67 105% Dec 174 45% Dec 52 4 112 Jan Oct 4% Jan 140 53A 11074 5% 574 110 ' 33 *32 33 35 35 *32% Dec 79% July 974 7 1 % Oct 9 Feb 15% 'A Oct 174 Jan Mills 2 434 Oct 24 12% Feb ilOO 20 — 27 18 Oct 26 91 Jan 7 Chemical Co_——_10 66 preferred—i—No par 110 May 15 May 8 112 May series B——No par : 1 1 Dec 12% Aug 1774 Aug Dec 77 Oct July 3-74 Feb 94 Sep 117% Feb 112 Mar 118'A Oct 26 115 Mar 123 Aug 11074 Jan >6 1087% Jun 113% Oct 33% Nov 102'% Apr' 28 10 120 7' Sep Molitg Waid & Co Inc—!_J_No par 23% Apr 9 24% Dec No par 36 Aug 26 42% Mar 12 35'% Dec 43% Jan ——*.-50 13 Oct 297e Mar 25 21% Dec 30% Aug 5% Dec 12 9% Dec 1774 Jan 1874 May 24% Dec •' preferred series C—No par Morris (J) & Co—, Essex & Motor Products Motor 974 Apr —1 2 ——.—No par 50 Mull ins Mfg Co class B_ $7 preferred-' \ 1 2 : Jan 49 May 10874 Sep 474 7(> preferred-^——— -100 Murray Corp of America—10 Myers (F E) & Bro——,„„No par 11 ' Oct 20 1274 NOV'..' 9 2574 Jan 20 23 3% Jan Sep. 11 11% Jan Munsingwear Inc————No par Murphy Co (G C)—No par ' 24 20% Aug 27 Co—__———:—T Brass - 6V4 Jan* Corp————No pat Corp———.—5 Wheel Mueller - 2,000 < 100 1474 Nov 2 Morrell 300 *110% 28 Jan 7 1 O ' ' 60 874 Apr No par $4 700 ( 16 V ICQ 1 110% 111 3 55 *274' •« 111 28 ! 500/ 1,600 *15% •' 16 60 60 57 *15%' v *54 274 *53 % 16 * *33 34% *33 2% Dec 13 108% Jan 5 • 10 Carpet Preferred 2,210 : 10% ' "2274 f 23 55 *15% 10 Nov 103% Jan preferred series A— $4.50 ■ 15,000 35 *31 1474" ' *15% May 40% 7 374 NOV 21 -100 "Corp Monsanto 40 14% 22% * Jun 2 preferred—*. Mohawk 300 118 1% • 2,200 114% 33% 12% 3 171 35'% Jan Mo-Kan-Texas RR $6.50 2,900 :2,400 173/4 33'A 12% 3% 80 13% *22% 16 13 Jan —No par preferred series C_ Minn 200 17% 33% •10% 55 r—No pfd series B— • 1,900 1 10 7974 7974 32% 10% *2% % May 19 21'% 24'A Apr 10 1st preferred———ilOO cum 4 % 1,700 118 ■118 V *10% 55 24 21 ■ 5 Prod ' *15% 6 22'/4 Jun par Petroleum—— Minn-Honeywell kegu 4'A % % • 3 % 14 ' Jan 9 18 4'% Jan -——5 Copper— Midland Steel 230 Co__—No v 36'/a 13% 14%. , _ Machine-Co_i 700 123/4 ' ■ 33 V2 *33% 36% 13% Mesta Min Trans Miami 60 xl23/4 1 *17% •" 109% 33% 33 *33% 28'% Nov 'Nov 60 —50 Mid-Continent 2% 60 ■ 1374 3% 18 *115 109% 133/4 Vi 80 *118 108% 108% • 3% 80 v Jan ' *17% 17% 82% 12% 20% Jun No par preferred-. & 112 274 60 " *59% • 1 3% 17% Dec 6474 Oct —No par — 1st Merch 3,700 *110 2% conv 3,900 108 % • 1 82 18 82% 82% J 3% 3% 3% *17% 1 1 Sep Sep 374 3 6 —1 2,400 108 *107'A 112 — •z par (The)_ ( 55 1073A 107% 2% ■■2% 14 *61% Jan 32'A 46% Jan May 12 5% Jun ,1 ' 6 108 ' 55% 5% 700 5% 20 —No 1,900 1 17% r- 11'A 17 V« Dec 176 5 Mar 101 __—100 preferred-. $6 preferred series A 20 , 1 _ $5.50 pfd ser B w w 5 *31 27 Co Melville Shoe Corp——; 53A 56% Corp Stores " 17% 108 Va Dec Dec 974 Jan / 100 2,200 6% 54% Jan 37« 27'% Oct . 18 Inc.. 29 5 " ' 17% r conv Mead 60 26% 17% *107 McLellan 8% 70 60 Robbins preferred— ■ 800 18 571/4 5 'A "fo 500 6% *6% 17% 56% McKesson & 1 104 *100% 6'A 400 18 56% 5'A 11 6'% Jan McGraw-Hill Pub Co.—..—No par ,5 Mclntyre Porcupine Mines. 13 ' *108% 6% 26 27% ' *19'% 17a May Dec x20% 997a Aug 21 14 Apr 17 100 McGraw Elec Co_ 700 *57 4% 27 Jan 6'% Jan 29 10 ' ' •*65 253A *29% Sep % 274 29 24 1 .a * 33 18 56% 6 11% Oct 20 Apr Apr 1% Jan 1 Corp McCrory Stores Corp 300 9 323/4 13 6% 60 26% 26% I 5.8 Nov 25 1374 Sep 76 Jun • 1,200 22% *8%' 109 3A *10074 6% 70 4% 26% *28 104 » 25% 5 28 12 Va 109% " 6% *56% 4% 28 ' 13 70 ' 25% . 109% 6'A 73 61 25% 5 5% *100% 104 Aug 29% Jan 31 par ^ Stores 162 par —No — preferred $6 1st 12% 32% 32% 6% *70 61 25 *57% 32% *108'/a 6% 6% 73 *70 32% 13 6% 104 *100% *8%' 108 12% 108 *6% 774 16% 127b Jan ■ 10 Stores— Department Maytag Go—— 100 12% 8% 32% 700 12 *102 *22% 9% May 1,500 *12 ' 106 22 3/4 ' 3% *92 100 *12 *12 50 19% J. 19% 12 9 32% Dec Apr • 26% Jan 19 Aug 31 19% July 28 ' 9 5% 1274 3'% Jan 8»% Apr 17 17'A May 20 3 % Sep 4 2274 May 1 par —1 Co_— Master Elec Co—i—,4 —1 V Mathieson Alkali Wks par 7 % preferred-. -100 400 , 168 20 12% 22 3A 23 *163 12 22% Martin-Parry Masonite r 25 • *22%' 36%" 36% 3% 11% 2434" . (Glenn 1,900 - - 28% *28 168 18% 12 8% *163 18% 106 Dec 15 26 - *2% •, •4 3% -. 22'% '.22% 168 36% 3'A 98 22% *8% 4 ■ » 25 24% 11% *102 4 ■: 4 12 12% 20% 28 20 12% 12 21 20% 374 *17»A 96 *12 12% w 20'A 27Va - *94 20 12% 22% *163 ' 37% *17% 96 103 22% 163'A 3 3% *17% 24% 24% 24% 4 28% 474 6 % Jan ' . July 1674 Jan May 2 Vo May 18 ' • 30 Dec 20 Feb 4 2 63 7- 174 46 153i Nov 12 6974 Jan 6 18 111 6 Oct 39% Jan 474 July Dec Feb 74 974 May 61% Jan 153/4 July Nov Apr 74% Sep 27 474 Jan 30'% Jun 2 6'% Nov 6 4 Dec 8'A Jan 2 397'. Feb 7 34 Dec 51% Jan 174 Jan 37a Jan 6 2 174 Dec 1974 Deo 3 Dec ' *2% 3% *2% 6% 6% 6% 3% *23A 3% *23A 6% 6'/a 63/4 6% 21% 21% 16 16% *23 24 23 23 *17 17% 16% 16% *5 5% 7% *7% 9 *8% 5 *7% . ... 16% 16% *155'A *8% 16 16% 5 . '7% 16 >157% 162% 16 16 7% *159 16 5% -5% 5 % 19% 19% 19% 9 *8% 14% *9% 23% 14 7 9 .. * 14% 8% 14 8% 8% 14'A 6% 6% 6% 9% :*9% 9% :6%, *9% 9% 9% 9% 23% 23% 24% 24'A 18% 5% 5% 68% *17% 13% 18% *16% 17% 5% 68% *13% 24 ;. 5% 5% 24 5% x68 68 *67 *165 168 % *136% 138 *165 13% 67%. 168'% ,138: 138 16 2% *15%" *32 34 2% 2% 52% *52 5% *165 *6.7 52 5% 15% *5% *33% 34 50% 52 5% 513A 5'A 5% 12% . 12% 50 12% 60 60 12%; 5% 8% "8% . 73% *5 *38% *98 - 5 % *60 *62 % 62% 3 5% 5% 43 "" 60% 62% *36 8% 8% 15% *15% 74 73% 43 *36% *109% 27 8 3A 27 26% *2% - footnotes *60% 61 3 5% x53/8 5 '% 12 8% 8% *14% *73'/2 -75 *373A 43 *109'A 26'A 8% 15 15% ■ 26 1374 Dec 2334 Jan 5% Nov 9 274 Dec 7'A Jan 9 Jan 8* Apr 7 24- Nov 2 5% Dec 974 Oct 23 674 Dec 11 5 16 % Oct 17 1374 Dec 18% Jan 140 May 1 12 '4 Apr 23 374 Jan 2 11 Jan 2 67a Sep 16 12% Apr 30 166% Jan 14 160% May 175% Jan Oct 21 17% Jan 57« Jan —10 preferred—— 10 , 100 pi^eferred—;——i. . No par Dairy Products C% Nat,Enam & Stamping——No par 8,500 National / $4.50 Gypsum Co——1 preferred-—No, par eonv 13< May 16 574 Nov . 9 1974 Nov 16 9 % Jan 1274 Dec 3% Dec x10 Dec • SepI 974 Apr 1474 July 7% Dec 11 Jan 1274 Jun 1674 Sep 10 3 3A Dec 974 Nov 20 ;• 17 IS3; Aug 25 45/tsJan. 9 874 May 1 17% Apr 24 14V4Mar l7' 83A Apr 28 60Jan 2 Stores—„——No, par preferred :*-—l 10 100 8 5 6'% May 16 Cqrp_L„_—r—5 Co— Nat Distillers Prod——v-No par 5,600 ( 100 National , Lead G preferred A .^_*——_—.^100 fc preferred B—1QQ 400 Nat Mall 300 National & St'l Cast Co—No par Co_: -—4 National Power & Lt 1,100 National'- Steel Corp National Supply (The) 5 , 400 ( 500 No par —25 —10 <--40 Pa ~ $2 conv preferred—— 61% , 65 1 50 , 1,000 National- Tea Co "5Va 1 2,600 Natomas 8Va t 1,000 Nchl Corp • 200 3 ' < 500 5'%% prior preferred-: 6% ' - * *36 ■ 8% :' *14% 75 , *36% 43 15% '75 75 *109 % 574 43 ( 50 prior 2 6 3/4 *263/4 9% 9% 9% 17% ■17% 1734 173/4 98% 98 98 97% 97% 27 5% 27 27 9% • 17% *96 3A 93/8 ■ 17'/a 977/B ; 600 , 1,900 1 *.100 —No par — No. par — conv * —,i._No per* -__1 serial preferred—*100 Newberry Co (J J)—— *109'A 9% Co ,—100 preferred—: Nelsner Bros Inc. 474% 2,300 400 29'% Apr Oil Products 5,300 f 25 145 May B 129 ^ Mar 17. 1374 July 2 1174 Apr -10 Co— 7% : 50 12 , 2% 8% 45 *73% 9% 1974 Oct ' 5% 17 Va 1839. Sep 13% May 26 Aviation *62 17% page 23% Biscuit *60% ' x9% *98 Jan : National Dept 90 13% 50 5 " ■-* 9% 98% , 2% 50 65 *274 18% see { 35 2% 5%. 9% -98'% 14% 2,000 15%; 35 12% *17% 9% 18 2 ' *62'A 16 43 2,600 Nat 574 July 20 29% Nov Bond & Share Corp No par National Can Corp— 1C Nat Cash Register —-—No par National Cylinder Gas Co_— 1 600 165 *15 , 3 73% *109% r- 138 k! 138 ' ., 50 *5 *1 *>■;•• •12%: 60'% 15% 99 For *4974 3 *8% 27 9% 17% 50% 62 *73% conv x Oct 16'% May 27 Louis Nat ■ 2% 59% 15% *109% 27 12% v ; 1§5 . 15 % 3% 73% 800 8,900 67 13 % 34% 62% 5% . .5% 67 , 2% 59% 5% ■V v . 15% 3'/8 5% 3,400 18 5.% ' ' 1653A *138 -V 139"-> 333A 62% 3% *3% 500 2,500 24 ; 6% 1% ' 2% 59% . 63 *62% 12% *165 15%. 2% ■ *12% /- *16% 13%' 139 2% 24 1734 67 - 166 157/s •! 241% ■' * National . 974 13 *137'. *15% 34 7% 9% 67 3% July 14 ^—100 Co„———r—1 Acme National 1 14% 9% 800 600 ■■ '87/8 : 7 13%'; — Corp_; St. Nat Automotive Fibres Inc;.——! , 5% 19'% 14 6 7 3A National & 7'% Feb 10'A 17 Apr 25'% 11 Dec 20% Sep Dec 874 Jan Jan 7% Nov 26 Sep 28" 18 Nov .6 574 Nov 9 „ 374 8 Mar 5 58 74, Dec 9374 16% Jan 12 12% 19'A 72 Sep Sep Sep r 13 *165 '/a 2 19 -8 3/4 , 16% -.5% ,/ • •5%% 168 *33 2% 13%' : . ' 5% '. Chatt 7,300 . 163% 7% >16% 5%, 139" >137 16 34% 16 *33 13% 16%' 53/a . 13% *159 14 Va'' 23% 24 16% . 7%, 8Va l63/a 6%-, " Nash No par 4—7—5 Liquidating Co Nash-Kelvinator ' 7% *157/a 5'A % 400 9S/8 6% *17% ■ 8 2,100 5 16 ' 19% V 8% 14 14'A 16% 8 Va . 16% 5% 83/4 , 14 ■ 163%,-. 19% : Nabco 9,600 170 *474 ■ 16%. *15% • 5 19% 6% • *14% 16% 5 19% 9 15% *159 163% *15% 5% 19% *8% 16% t 23% 16% A 5 774'.' 7% 7% 8% . , 6% ■■ 2174 16% : 3% . 6% 23% "*43A ■ 162 % 5% 9 4%' *274 • 3'A, 6% 16'% 16 7% 8% 19% *6% *22'% 15% *5% 14% 23% 43/4 8% 19% . 6% 15% 16'A 8% 16 *2% 6% *22 5 *7% 8% 16% *156'A 162% *15% 5 3% . No par preferred series A— Newmont Mining Corp Newport Industries— ,100 10 ; N'port News Ship & Dr Dock $5 conv preferred—. —,1 —-1 —No par ' ■ 1'% 4374 4 954 4 5 74 ■ Dec Jan 29 160% Deo 176 Jan 146 Jan '7 138 Nov 154 Jan Dec 24 Ju.# Feb 36 1774 Mar 17 14% 26 35% Nov 28 16 28 14 1022 19 30 10 574 Mar.' 7 Apr May May Jun May 51 May 2% Mar 474 Oct 9 3% Jan 5 Oct 21 42 Dec 6% Jan 18 4 Dec 8% Feb 54 1674 Feb 25 2% Dec 68 Feb Nov Sep Feb 6 41 Feb 5 43 Feb 75% Sep Oct 21 2 Dec 5 Feb 9% Feb 6 8% Dec 11% Oct 20 6% Dec 14 1074 Dec 70'% May 26 Apr 27 Mar 10 22% Apr 17 15 69'% July Nov 12 8% Nov 39 28 Jan 774 July 16% 4 15% Oct 109% July 27 104' 68'% 70 '75% Sep Jan Dec 774 Mar 63 5 11 Sep 168 3174 105 Dec Nov 9% 17 Apr July 79% Dec 4574 Jan 110 Jan 30'% Feb 16 Apr 3174 Jan 28 ll3i Jan 12 534 Apr 11% Aug 17% Sep 12 97% Oct 16 25 Va Jan 2 19% Dec 2774 Jan 109'% Jan 9 7'A Apr • 22'A 106 Va Mar 116 July Monday, November 23, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1836 NEW YORK STOCK RECORD Saturday Monday Nov. 14 Nov. 16 # per share t per share 12 12 % *13 13% *13 38% 39 '/4 14 14 ' *43/4 5% 14% *13% *64 66% *87 *26 2 8 3/a 2 8 3/a 28 28% 27 273/a 700 New York Air Brake— 113/s 11% 11% 11% 11% 11% 33,500 New York Central No par 13 13 13 12% 13 38 38% *38% 14 14% 14% 14% 66 95 *87 95 27 27 27 % *1% 13/4 % % 21% *203/4 162 114 50% • 165 165 115 9% 9% 9% 9% 9% 50% *50% 51% 700 49 49 49 49 10% 10% 10% 10% 92% 7% 7% 108% *2% 3 2% *30% 32 *30% 108% ♦14% 34% 15 2% *2% 30% *28 % 30% *28 8% 8% 8% X8 8% 10% 10% 10% 10% 10% 10% 26% 10% 26 26% 25 25 24 3/4 243/4 3% 4 68 3% 3% 3% 15% v 36 10% 10% 10%« 25% 25% 25% 25%' 4 3% >■<' 68 3% *3% 3% 3% 3% 3% 3% *3% 3% *3 % 16% 16% 16% 16% 16% 16 3/4 16% 16% 3% ' 16% 25% 25% 26 , __ *25% 26 26 26 400 3,900 163/4 *140 *140 ►140 >140 145 >137 - Omnibus Corp (The) 8% preferred A— , 120 • 27 600 .. 26 *25% 28 *45 % 47% *45% 47% *45% 47% *45% 47% *45% 47% *45% 47% *50% 51 50% 50% 50% 50% 50% 50% 50% 50% 50% 503/s 8% 8% 8% *8% 83/8 83/a *83/a 8% 500 63/a 570 * *25% i 3,400 > 8% *53/4 6 *20 % 21 *20 21 *13% 14 *13% 13% 19 *18% 19 *18 *534 17% 23% 33% *33 *32% 148 3/i 20 21 20% 21 213/8 223/8 14 13% 14 141/8 14% 14'/a 14% 19 19 19% 21 20s/8 203/a 500 23% 22% 23 23% 23% 23 23% 23 33 32% 323/4 32% 32% 32% 32% 32% 32% 1,300 16% 17% 17 17% 173/4 173/4 17% 18 1,900 89% 89% *147 148% *147 149 3% 3 3% 3% 3% 8% 8% 8% 8% 8% 2% 2% 2% 21'/a 20% 21% 7% 7% 104% 2 *100 104 104% 2% 2 32 *303/4 31% *100 101 *100 101 7% 7% 2 31% 32 *31% 21% 21 104% 104 2% 2 3/4 2% 2% 213/a 2% 101 ' 17% 17% 16% 17% 17 : *116% 123; *119 122 *119 pq 89 89 147% 17% 119 89 60 148 10 89 89 *146% 148 *146% 147% ' 73/4, 4,000 233/4 3% 104 22 V4 22 3% 3 *8% 3% 4 33/a 3% 8% 8 3/8 8% 83/a 1,800 *7% 23/4 2 3/8 2% 2% 2P/8 213/b 21% 22% *7% 8 *7% 7% 104% 104% 8 * 2 2 *100 16% *116% 2 *31 101 ■- 400 v V 118 - : 118 *14% 15% *14% 15% *14% 15% ♦14% 15% *14% 15% *14% 1% 134 134 1% 1% 1% 1% *1% 1% 1% 1% 25% 25% 25% 253/4 25% 25% 17 17 200 1 15% 1% 7,600 ■ 25% 25% *16% 17% *1% 1% 253/4 26% *16% 1% 1% 1% 1% 1 25% 22% 25% 223/4 73 73%- 2% 58 74% 74 74 74% 2% 2% 1% 1% 2% 37% *36% *13% 13% 38 13% 13 2% 2% 59% . 1% 1% -1% 36% *361/8 *13 243/4 25% 25% 25% 19 19 19 *19 *43% 44% *43% 44% 43% 44% *433/8 44% 433/8 2% *1% 2% 24% 24% 24% 2 2 2% *2 2% 24% 25 24% 24% 5% 43 41% 41% 41% 42 42 *21% 22% 21% 22 22 22 203A 24% 24 24 24% *24 *5% 5% *5% ♦24 5% 53/8 5% 5% *5% 5% 203/4 21 460 24% 200 Pet Milk Co— *5% 5% 55/8 *5% 5% *5% 23% 24% 23 % 23% 233/4 24 37% 37% 37 % 37% 37% 37 37% *37% 69% 105% *109% 703/4 71 71% 11% 11 11% 11 11 103/4 103/4 10% 10% *103/4 70 69% 70 70 70% 70% 70% 703/8 71% 70% *105% 106% *105% *105% 1063/4 73 *11 105% 110% *7 8% 79 *73 42 41% *2% , 3% *70% 105% 110 723/4 105% 8% 41% 41% 3% *32 33 5% 5% *60 64 10 *9% 31% *5 170 *168 4% *4% *53/8 5% *60% 63 ►26 27 68% 68% ►83/a 9 26 , *63 4% *2 "2% 14 14 65 18% 3% • 30% 5%' 64 9% 4% ■ 5% *60 9% 169 3/4 9% 4% *45/8 26 8% *149% 62 % 8% ~2% 2% "2% 2% _2% 13% 13% 13% 13% 13 5/a 4% *17 18% 18% ' 18% 7 4% 18 6% 7 7% *6% 18% 43/a 4% 25% 25 • *621/4 *73/4 - 63 % 62% 8% 18 3/8 4% *2 Xl3% *1473/4 *17 *4% "2% 13% 18% 43/a ' *2 13% *17 43/a 18% 19% 19% 19% 193/a 7% 63/8 63/4 63/8 6 5/8 6% 7% 7% ♦7 26% *26 263/4 26 26 51% 51% 51 51% 51% 52 *117% 119% 119% *118% 119% *6% *24 7% 26 — 170 4% *6% *24 51% 51 % 513/e 119% 119 % *118% 7% 26 51% 120 12 12% 7% *24 51% ►118% 10' 200 t 2,500 • . 62 % 1 150 8 3/s 800 • 63/i . 7% 11% 77% 78% 77% 78% 76% 773/s 76"% 77%> 91 92% 90% 91% 91% 91% 90% 91%. 101% 101% 101% ioi 3/4 102 100 3/4 101% 101 101% 101 101 115 115 115 115 115 IJ.4% 115 114% 1143/4 *115% 116 28% 28 For 115 *115% 116 *115% 273,i 28 27% footnotes see page 1839. 116 283/4 115% 115% *115% 27% 28% 28% 116 28% 115% 115% 28% 28% 303/4 Jan 2 23% Dec 35 Sep 23% Jan 7 19 Deo 32% Jan 26 Pitts Screw & Bolt^__: ...No par Pittsburgh Steel Co__ ...No par >1% preferred class B_; -100 5% preferred class A ; —100 5%% 1st ser conv pr pfd -100 Apr 29 14 . 1,260 . 1,340 760 300 200 16,100' Procter & Gamble—_No'par 5% pfd (ser of Feb-1 '29) _100 Pub Serv Corp of N J— No par t$5 preferred-.!— No par ■ t6% preferred100 -17% preferred— -100 8% preferred—-— -100 Pub Ser El & Gas pfd $5 No par Pullman Inc > No par - 17% Jan Apr 58% Jan 57 % Jan 50% Jan 27 I 14 Jan Jan Dec 50% 31 2 93 , 2 8% Nov .2 98 July' 8 Jan-20 '..1 38 Nov Jan --3% Dec 21 Oct 14 Jun 7% 3% Oct Feb 18 34 14 . 40% . Nov 2% Jan Oct , Dec 27% July 7% 10 % Jan 63/8Apr.29 Jan 2 ,. 2% Jan 2 59 Jan 2 2% Apr 28 11% Mar 12 .132 Mar 20 .xl6%Apr28 42 Jun 26 43% Apr 25 Aug 34 Mar • 8% 113% ' ; 7% Sep 20 Deo 13% 9 6% Feb 12 133/4 Feb 23 3/e July 6% Jan 12 2 Dec 10 Jan 9 54 Nov . 79 Jan Dec 104% Jan Feb 6% Sep 93/4 7 Nov 17 July 2% 4% Jun 29 i ,10 Feb 263/a Nov .11 17 r 107 15% Nor Apr-14 ,31% Apr 27 Sep Dec Dec k3% 110% Sep Oct 17%' Jan Dec 10% 6 .96 Apr 100, 6% Mar 27 4% Apr 27 16 Apr 28 9% Apr 27 7 Jan 5 15% Apr 28 22% Apr 27 133/4 Jan 3 74 Apr 25 .121 Apr 4 l%Mar 6 5% Jan 2 l%Jan 2 11% Apr 23 63/4 July 16 Sep 28 101 1 Jan 2 20% Apr 28 90 Mar 6 11% Apr 24 100% Apr 23 14% Oct 28 l%Jan 2 19% Apr 29 Dec 17% Jan Jan 150 143% Sep 30 140 Jun 18 16 Jun 26% 45% Dec 56% Oct 383/4 May 525/. Deo 26 Nov 48 Mar 28 54 Jan 3 8"% Jan 27 6 3/a Oct 8 25 3/8 Oct 8 Jan 3 Mar 20 133^ Jan 2 44. Apr 15 56% May 1 ^ 1% Apr 14 , l%Jan 2 32 Jun 30 .11* May 15 104 May 4 18% Jan 2 16% July 2 43 Jun Apr May Jun May May Apr Feb May 15% Jan 3 May 26% Apr 4% July 58 Jun ?• 7% Apr ' 165 Feb 165 May • ' 3% Aug 4 May ' 47% Apr - 20 Jun v 29 19 23 10 2 28 27 58 Jun 26 -6% Jun 25 153 July.22 1 Jan 24 11% Jun 24 * - • 22% Jun 42 '115 4% Apr 63^ Dec 11% Jan 12 17% Dec 28% Jan Nov 12 26% Dec 40 Jan 19 Oct 9 11 Feb 101 Jan 2 95 Dec 126 Jan 163 Aug 34 9% 62 73% ' 79"% 99 lllVa ; -203/4 19% Aug 148% Nov 9 147% Apr -4 Nov 19 1% Deo 4% Jan 9 Oct 21 43/4 Dec 93/4 Aug 3 Oct 14 1% Dec 3% Jan 22 3/a Nov 20 Apr 19% Dec 8 3/a Jan 9 Jan 10 Jan Nov 105 10 7% 6 2% Oct ""% 2 19% 8 32% Oct Feb Dec 7% July 37% 106 Jan Jan 19 99 May 17% Oct 8 10 Feb 16% Dec 123% Oct 8 95% Feb 115s/. Dec 14% Apr 101 Nov Jan 2 2% Jan 14 29 % Jan 7 24% 2 17 . Dec 1 18 Oct 2 Jan Dec 30% Jan 20% Jan 143/a Dec 1% Nov 6 % Dec 29% Oct 20 6% Apr 14% Dec 59% Nov 19 43% Mar 54% Sep 80 % Jan 5 73 89% 17% Mar Dec 1 Jan Sep Sep 15 1% Deo 33/4 Aug Jan 21 1 Dec 3 V« 44 Jan 21 15 Aug 12 4 2 - 34% Apr 11% Dec 1083/4 Dec 108% Feb 27 25% Nov 2 17% Dec 23% Jan 6 20 46% Jan 5 363/4 Jan 523/4 July 17 V* Aug 112% Mar 25% Apr Dec 25 Aug Jan 54 23/a Sep Aug 2% Oct 6 % Dec 26 % Nov 20 18% Dec 7% Jan 24 43A Dec 513/4 Feb 7 41 Dec 603/g July 29% Jan 24 17 Dec 38 27% Jan 7 21 Jan 27% Oct Jan 13 5% Dec 7% Apr 5 4 3/\ Dec 7% Jan 6 6 ■ Jan 30% July 11% May May 323/4 Jan 14 233/s Dec 35% 40% Jan 14 35% Dec 47s/# July 763/4 Jan 30 69 Dec 91 11% Nov 12 Jan 6 72 Dec 89% Sep 107% Mar 23 105 Mar 1103,4 Dec 75 8% May 12% Jan July Jan 110 Nov 16 9 Jan 27 ,43/4 May 9 Aug 80 Oct 5 51 % May 77 July 433/a Nov 2 353/4 Feb 46% 25/8 Nov 16 193/4 Oct 5 6% Jan 15 68 ■' Jan 21 103/4 ■1 29 38% Oct < 14 4% Sep Nov 1 6 - x • Dec Feb 52 £>ec 4% 23% Jan Dec 73/4 Jan 46% Jan Dec 83/4 Jan Dec 64 6% 84 Jan Dec 15 Jan 19 163 Aug 160 Feb 25 174 Mar 181 5% Jan 14 63/a Jan . 165 Feb 175 ; 33/4 Dec 4 5 July Dec 2 s/a 27 ; Dec 3% July 1% 38% 13 12 Nov 65 Dec Oct Feb 7% Jan 95/. Jan Jan 62 21 45% Feb 65 Jan 3 24% Dec 43% 70 - Oct 33% Feb 14 51 Oct 75% 26 8 Dec 15 July July 22 164 Mar 164 Mar 10% Jan 153 - 2% Sep 21 143/a Jan ■ 28 A May - Jan Jan 1% July 13% Dec 17 July 16 18% Oct Jun 21 Jan 5% Jan 33/4 Deo 83,4 Sep 43/4 Feb 13% Oct % Jan 5% Dec 13% Jan 83A Jan 6"% Dec 13% Jan 21 8 21% 29 % Jan 10 Feb 17 Feb-16. Jun 3 Mar 30 Mar 31 Mar 30 Mar 30 Mar 19. July 2 Nov 8 19 15% Jun 8 3% May 21 9% Jan 7 5% Jun 2 6% July 7 1 15 % Oct Nov 3 16 12 6 27 25 2 3 25 24 2 27 Nov 16 5 24 20 Nov 24% Nov Apr 28 Mar 9 May 21 Apr 1 Apr 27 Jun Sep 73/4 25% Apr I3/* , 19% 4 5 x 22% 28% 49 7% 55% 98 103 6% 65 30 l3A 123,4 Apr May 7% 10 21 13 % Aug Poor & Co class B 4,200 215 119% Dec 26 . Jan Deo Feb 9% 53 Oct 109 9 52% Jan 25 Aug 179% 14 Jan 11 % Nov ' _5 No par Postal Teleg Inc preferred—_No par Pressed Steel Car Co Inc.: 1 ' 5% conv 1st preferred— —5 5% conv 2d preferred 50 6,900 ; ■ 192 116% Sep 29 Apr Pond Creek Pocahontas—No par 60 • 12% 783/4 115 3 . 4% Jan - 100 923/8 115 1 —1 -100 -100 1,000 2,000; 78% 101 preferred Plymouth Oil Co— 500 52% 92% 12% ; 5,400 26 120 Jun 9% May 21 3 -10 -100 100 100 ' 193/4' 12 Jan Mar Pittsburgh Si West Va__: 100 Pitts Young & Ash Ry 1% pfd-100 Pittston Co (The) : No par 900 183/s 43/a ; ■ - 13% 793/8 12% ■ 100 93% 12% ; 330 78% 12% 400 25% 93% 12% i — ; 2% % 85% Apr 7% 7% 230 5 „ series Pittsburgh Forglngs Co_ Pitts Ft Way & Chic Ry Co ' . < 11% 12 200. 62% f. *7% 183/4 *24% *117% *17 - • < 5 *58 *1473/4 *149% 2% 137/e 4% 5% 62% '25% 62% *73/4 . 10 • 1 4% 4% 4 *5 ,.*58 5% *25% *169 169 169 4% 62% 63 *140 ♦140 170 - 300' 64 *9% 10 *9% 10 J 400 • 5%' *59 . 400 . 32 *5 5% 64 *59 64 *31s/8 32% .*5 5% *58 62% *16% *7% *5 321/4 63 66 8% *31% *140 170 4% 8% v1 . *3% 1 — * *18% 3% 26% 4% 7% *61% 18% 3% 26 17% *7% 65 *181% 26% *4% 18% *61% 3% *58 17% *18% 8,600 ■ 18% *31 — ..No par preferred——— —100 Phillips Petroleum .......No par Phcenix Hosiery —_! 5 Preferred -JL— L100 Pillsbury Flour Mills —25 Pittsburgh Coal of Pa— -100 6% preferred——— -100 Pitts Coke & Iron Corp— No par $5 conv preferred No par ; 3%*' 67 *43/4 5% *149% >149% 42 % Oct 39 Phillips Jones Corp— *3% *168 63 *8% 100 • *18% 9% 9% 5% 42 Preferred 4%% 4%% series » 1 / *61% *140 4% 400 3% *61 170 *60% Philip Morris & Co Ltd— 8 *2% 3% *25/8 3% Corp Philco 79 *73 42 41.5/8 42 190 1,000 110% *7% 8% 79 iV 39 .........No par 2,000 18% *5 62% *9% 170 5/8 *25/a 110% *7% *73 14 3 Mar 10 - 11 1053/a 1053/b *108 Feb % Oct 6% Mar 31 1 —100 ——.—100 -100 70% 67 30% 31% ♦140 *140 *109 83/a 79 72% 3% 3% 5% 62% 1063/4- 670 18% 18 3% 41 71% 71% 111% *7% *73 3% *65 65 18 *108 42 *2% 65 3 3/4 *3% 8% 79 41% *2% 18 18 111% *7% *73 79 65 *62% *109% 110 *7%, *73 703/4 10,200 37% *71 %■ lVa 108 Petroleum Corp of America--—.-5 Pfeiffer Brewing Co__ No par Phelphs-Dodge Corp 25 tPhiladelphia Co 6% preferred 50 $6 preferred— — —No par 1,700 24% ' *5% 25% *70 % • 53/s .,; 23% 5% 5% 24% A A Jan Jan 2 Mar 6 Jun 26 Apr 28 May 26 2Q5/b *5% Jan 23 Apr 20 Pepsi-Cola Co. Pere Marquette Ry Co 5% prior preferred 5% preferred 37% ona 2% Sep % 15% 4 36 18 280 25% Deo 10 2 36 200 37% 42% 51 Oct 100 17,600 53/8 54 100 5% 53/a 60 109 IPeoria & Eastern Ry Co— 42% 5% 5% Feb 3 Peoples G L & C C (Chic) — 26% *24 115 1 200 5'/a 24% Jun Oct 300 , 42 % 25% 25% 5% 300 . 44% 2% 1 % *37% *534 45,200 23% 19% — 5% *24 243/4 *24 600 20% 5% *5 400 42% *5 21% . 25% 24% 42 5% *5% 1,200 r *415% 24 % 53/4 *41% " . "1- *44 * 1,300 13% 23 % 433/8 *1% *9 1,500 * 36%; *19 19% *19 19% 1% 1% 36% 23% 23% 25% *18 3/4 25a4 700 *1063/4 19 25% 20,200 23/4 *13 *1063/4 *183/4 25% i 74% 74 13% 1,400 59 \ 2% 36% 13% *13 *1063A *106 3/4 24% 1% 3 6 3/8 1% 1% 37% 13% *1063A 24% 100 - 1% *58 745/8 38% *1063/4 ls/8 23% 58 *13% 2 23% 58% *37% - 2 233/4 59 2% 2% 163/4 *16 1% *73% 58 3 *2% 17 ls/8 6,500 255/s * 26 26 % 58% 58 73% 733/4 17 *16% 59 *57% 253/4 *163/8 17 *1% 253/8 . Park <fe Tilford Inc——— a Park Utah Consol Mines 1 Parke Davis & Co— ...No par Parker Rust Proof Co——2.50 Parmelee Transportation No par Patino Mines & Enterprises 10 Penlck & Ford No par Penney (J C) Co—. -No par Penn Coal «i Coke Corp— 10 Penn-Dixie Cement-— —No par $7 conv pref ser A_. ...No par Penn G1 Sand Corp—No par 5% preferred— 100 Pennsylvania RR—J—————50 Peoples Drug Stores Inc 5 1,300 ► 26 Jan May 20 143 —No par 100 Paramount Pictures Inc— _1 6% 1st preferred— —100 50 16% 16% Jan Oct 112 15% Apr 29 Paraffine Cos Inc4% conv preferred, 300 101 *101 119 ■ 110 Sep Apr Dec % Jan Panhandle Easfn Pipe Line Co.100 Panhandle Prod & Ref — 1 380/ 1,400 32 16% *116'/a 120 - 2 32 101 16% 16s/B 2 32 1% 32 101 *32% 1043/4 104% 104% *104 28,300 21,300 2s/8 213/a 2% .21 preferred100 Pacific Tin Consol'd Corp— —1 Pacific Western Oil Corp t.—10 Packard Motor Car No par Pan American Airways Corp__ 5 Pan-Amer Petrol & Transp 5 6% 30,800 8% 5 -10 1st preferred No par 2d preferred No par Pacific Finance Corp (Cal) 10 Pacific Gas & Electric — 25 Pacific Ltg Corp No par Pacific Mills No par Pacific Telep & Teleg. ,-100 380 19 Feb 18 110 8 18 \ Pacific Amer Fisheries Inc— Pacific Coast Co__ 410 133/4 *8% *7% 6% 6 6 *18% 90 *89 91 *89% *147 17 18% 5 3/i 173/4 23% 23% 6% 6 5% 6 No.par ....No par 6 -100 P ' . 8 3/a *8% 1063/4 2.50 Oppenheim Collins— No par Otis Elevator ..No par 6% preferred ; 100 Outboard Marine & Mfg— 5 Outlet Co No par Owens-Illinois Glass Co—12.50 . 9 - Ohio Oil Co Oliver Farm Equip 1,200 1,400 68 16"% Preferred Norwich Pharmacal Co 17,100; : - 4 *67% 3% 3% *67% 16% 145 50 700 10% ■ 6 19 No par 50 Norwalk. Tire <fc Rubber— 200 8% *3% *137 270 3 8 8% 1,400 32 *28 32 68 *33/4 68 69 *67% 68 68 15% *2% 3 *2% 3 2% . Feb 15 May 22 % Jan 50 Ry__——„—_100 tNor States Pow $5 pfd—No par Northwest Air Lines—: -No par Northwestern Telegraph——.—__50 350 36 35 15% Feb 8 Northern Pacific 21,000 Jan 4% May 5 6 3S2 Jan Northern Central Ry Co—. 30 " , 108% *108 15 35 8% *8% 108% *108 15 34% 7% 24% 8% 23 24 50 5Q -5%%, preferred series. Dec 12 Jan 10 — preferred series.: Aug 25 15"% Jan North American Aviation—-—-1, 8,000 92% 7% 7% 7% 7% *92 92 92 92% 30% 2% 32 500 , h 108% 108 15% 34% 14% *34 6% 47% 6 2 80 —100 North American Co 22,700 50% 92% 14% preferred Adjust 4% Feb Feb May 25 61 .5 100 10 7% 19 %• tNorfolk & Western Ry 530 *113 92% 34% 3% 163 Aug 51 123/4 Apr preferred Noblitt-Sparks Indus Inc— < 114 10% , 22% 2,100 , 114 51% 7% *21% 22 900 3?2 21% 21% 162% 49% *92 32 21% 33a 32 114 10% 14% 67 % 9% * 162% *50% 108 8% 1% *21 *48% 34% 1,500 21 10% 15% 1% A 49 % 34% 1% 1 % 280 , Jan 183/4 10 3/4 2 4 No par 50 10% non-cum preferred 50 N Y Lack & West Ry Co 100 IN Y N H & Hartford -.100 Conv preferred 100 tN Y Ontario & Western.^ —100 N Y Shipbldg Corp part stk _1 1,500 20% 50%- 50% % 1% 10% 7% 109% 10% 10% 26% 3/8 15% Dec 6 10% Jan NY & Harlem RR Co— —• 26% % 22% 160% 95 27% % % 32 *21 *87 . Deo 13 17% Feb 11 Jan 45 Dec 7 5 12% Oct Jun No par York Dock 5% 70 263/4 27 New No par Omnibus Corp NYC 300 66% *66 95 *87 14% 14% 66% 66% 65% *48% *34% *25% 14% 10% *14% *8% *13% 14% 48% 7% 109 % 400 36 t per share 26 32% Feb 24 11% Jun 100 preferred series A 6% 1,000 5% 51 *92 93 7% 14% *4% 10% 10% *92 *14% 5% 50% 49 10% *39 % 14 % *4% * *112% 114 9% 39% 14% 48% 50% 48 % 161% *112% 10% 10 10% 10% 22% 161 162 *112 163% 114 *1% 20% 21 *21 227/a *21 23 *21% A 32 20% 21% 38% 14% % 1% 1,900 39 95 26 3/4 % 1% 32 32 . 65% 27% * 21% *13% *87 95 % A 1% 1% 163 643/4 *87 27 >112 14% 643/4 65 11 * *13% 13 6% Jun 100 N Y Chic & St. Louis Co 600 *123/4 40 5 5 5 5 143/4 *12% - J per share t per share 23"% May 21 No pur 11% 5 *43/4 *13% 28% 113/a *28 Highest Lowest Highest $ per thart Par 383/4 11% 14 EXCHANGE Shares I per share 1 per share share Lowest 12 28% *27% 38 3/4 9 per On STOCK 13% 283/4 *27% share the Week Nov. 20 Nov. 1!) Nov. 18 Nov. 17 1 per NEW YORK Sales tor Friday Thursday Range for Previoui Year 1941 Range Since January 1 Basis of 100-Sliare Loti STOCKS HIGH SALE PRICES Wednesday Tuesday LOW AND 523/4 Oct 122 Oct 14% Jan Dec 21 50 Dec 16 115 Jun 113/s Dec 75% Dec 92 403/4 61% 120 29% Jan Jan Sep July Jan 110 Jan Dec 123% Jan 111 Jan 106% Dec 137 Jan 123 Jan 117 Dec 158% Feb 116 Oct 114 Dec 117% Oct Dec 29 % July 86% Jan x99 % Jan • 28% Nov 193/4 Volume 156- THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 LOW Monday Saturday I per share 10% t per I per share 10% 10% Nov. Nov. 18 I per share Sales for Friday Thursday Wednesday Nov. 17 share STOCKS SALE PRICES HIGH AND Tuesday Nov. 16 Nov. 14 If) Nov. 20 t per share I per share 10% 10% NEW the Week YORK Range Since January 1 STOCK On EXCHANGE Shares 10% 103% 10% 10% 103% >100% 103% 103'/a 103% 89% 89% 89% 893/4 89% 88 3A 89 13% 13% 13% 13% 13% 13% 13% 13% 700 preferred preferred Purity Bakeries 10% 10% 11 *93/4 10 3A *9% 10% 200 Quaker State Oil Ref Corp 10 10% 104 *100 90 90 90 90 89 % *13% 13% 13% 13% *10% 10% *10% 10% *100% - 8,200 105 * *100 100 1,100 Oil (The) No par 6% 5% of 100-Share Range for Previous Lots 7 Apr 28 90% May 13 10% Nov Lowest I per share 9 Hlghes, S per share 7 Feb 103 % Nov 19 94 Mar 91'% Jan 20 83% Feb 9% Mar 11 14% Nov 9 8% Deo 95% Aug 12% Oct 8'% Mar 11 100 100 conv t per share Year 1941 Highest J per share Par Pure Basis Lowest 10% >100 103 Vo 1837 10% Oct 26 8% Apr 123/4 July 80% Jun —No par 17 X 12 Dec 107% Dec Q *10' 10 R *4% '■ '4%'" 4% 4% *57% 58% *57% 58 *57% 58'A *83 90 *83 90 *83 90 : 3% 3% *52 4% 4% 3% 3% *83 *52 54 20% 20% *20% 203/4 20% 20% 20% 9% 93/4 93/4 93/s 9 3/a 9% 93/a 263/8 *26 ■* *26 26% *26 *14% 15 14% 14% *14% *27% 28% *273/4 28% 28 Ve 23% 23% *22% 23% 2% 2% 26% 3% *52 21 21 26% 9% 9'A 26% 26% *26 600 300 14% 143/8 14% 27 223A *2% 2% 100 . 27 22% 1,200 . 14 y8 27'A *22'% 23 5/b 22% 223/4 2'% 2% 2% 2% ' • 1,200 300 23%' *22% Real 700 , 93/a 27'A : " *2% 2% 70 *61 *64% 70 70 *64% *65 ... 70 *64% 70 *2% > 23A 70 *64'/a 6 6 Radio-Keith-Orpheum 6% conv preferred Raybestos Manhattan Rayonier Inc : $3 preferred Reading Company 4% 1st preferred 4% 2d preferred w—- 143/4 14% *27'A 2% Mar 46% Mar $5 preferred B 2,600 21 x9'A -No par $3.50 conv 1st preferred-—No par 600 54 28 14% 28'/a ' 3% 54 26% *26 , 54 Radio Corp of Amer„ : 21 203/4 *9% *52 54 *52 ■ *52 54 24,800 - 57% 90 3% 3% 4% •57% *83 ■ 90 *83 3% 3% 3% 3% 4% 4% 57% •• 57% 90 - 4 Ve 57% 4% 4% 57% -— —_ Apr 23 343% Jun 7% Jun 3% Oct 4 15% Jan 9 ay* Deo 4% Jan 13 47% Dec 62% Jan 85 Dec 88 Deo 2 Dec Nov Apr 25 26 52 NOV 12 38% Mar 55% 2 21 Oct 15 14% 8 11% Jan 16 21V* July 18'/a July 15% '153/4 6% *6% 15% 16 16 6% 6% 13 12% 12% *113A 10% 10% 10% 10 3/4 10'% *70% 71% *70 70% *70% 49 *47% 49 *6% *12% 49 15% 6'/a *6'A 13 *16 17% 6'/8 6% *6 6'A 70 6% .< 300 13 *113A 13 *113/4 13 *11% 18 *15% 18 . 100 10% 10 % 10% 10% 10s/a 71 69 69% 69 69 *68 ■"69% 47% 47'A 47'A *47 49 4% 4% 10 3/a 103A 3,000 ' • 99 *75%' 47% '4% 4% 15% 14% 15% 98 *98 47% 15 15% 77% 98 98 98 *96 98 *96 98 763/4 75 75 *73 76 *73 74% 75 75 300 6 6 5% 6 6 1,600 - 4% 14% 1 263% Feb 3 23 Dec 11 % Apr 233% May 20 May 1% Jan 16 15% Nov 2 10 V* Dec 28 28 28% Nov 6 22% Dec 273A Aug, 23 s% Sep 19 19% Dec 24 13 2 3% Nov 9 39 Jan 15 68 Oct 8 11 Apr 30 18% Nov 6 87 87 78% 5% 5% 67 ■ 73A 78% 5% 24% 32% *32% 8% 15 Republic Steel Corp 6% conv preferred 6% conv prior pfd ser A No par 100 100 No par ——100 100 No par 98 *96 100 9% 88 *85 89 67% *62% 67% *62% 67% 7'/a 7% 7% 7'A 2,000 78% 78% 78% 78% 70 5 5/a 53A 23% 24% 233/4 32% 32% 73A 9% 9% 73/4. 9 9 *9 5% 5aA 5% 55/8 5 3/a 18% *18% 18% 18% 18% *18'/a 12% 12% 12% 12% 46% 12% *44 46% 5% 5% 3,200 Reynolds 23% 23'A 23% 9,700 Reynolds (R J) 32% *32% 32% 30 7% 46% 46% 30% 30'A • 7% 7% *9 9% 5% 18% 12% 5% 7% 7% 5'A 8 9 93/8 1,600 1 22% Mar 9 400 5% 6% 3,400 19 3% 19% 700 Ruberoid 900 Rustless Iron & Steel *12% 12'A 12 12% *47 55 47% 47% ■: 30 12% 30 30'A 30% 2,700 Roan Co (The)— 3 5% Mar >55 90 Corp 12% Jan Apr 10% Not 70% Nov 7 53% Dec 67 % Jan 34 Dec 61 Apr 49 NOV 14 21 2% Dec 33/4 Deo 2 14% Dec 223/4 Jan 101 ya 19 Jan 5 96 Aug 77 Dec 97 Jan 21 Dec 11 Jan 129 Sep 9 20 Apr 23 313% nov 9 Feb 19. 129 % Mar 4'% Feb 3 97 Apr Jan 20 60 Apr 803/4 8% Jan 5 6% Deo 15% July 85% Jan 19 75 Va Dec 95 74 5% Oct 23 4 Sep July Dec 103/a 27% Jan 27 22% Deo 34 y4 54 Jan 27 493/4 Dec 53% Jan 9 Jan 15 7% Feb 12% Aug 6 Apr 23/4 Dec 934 Nov 7 6 Va Nov 20 19% Mar 20 14% May 47% Nov 20 42 23 No par 9% July 4% Oct 7 May 20 34% May 13 1 $2.50 conv preferred— Dec Apr 7% 23 65% Apr 30 33% Jan 6 1 *46% 6% 9% 7% Oct '6% Apr 28 No par 2 2 12 86% Jan May 22 6'% May 20 75'% Apr 29 16 Not 100% Mar 54 —No par No par Antelope Copper Mines Sep 16 8 78% July 30 X 'Apr Nov 3 4% Jun 1 7 Jan 2% 53 Nov 11 : Dec 29% Aug, 18 V% July 22 70% July Oil Corp Ritter Dental Mfg 6 11 x94 % Jun Richfield 19 6 13% Sep —.-—10 6 9 2% Jun 22 Tob class B——10 Common Mar 38 % Jan 100 conv 19 5% 19 12'/a 5% % 23% 32% 8 preferred preferred— 5 % % *32% 24'A 32% *78 7% Reynolds Metals Co preferred Spring— 5% 24% 32% *5% *44 88 100 Revere Copper & Brass 70 7'A 88 7 X55 —_—-1 12,100 7% Feb 12'% Feb 7% May 18 25 with warrants-: Reo Motors v t c • *62% 78% 5% 5% 73/4 24 78 5% 6 88 63% 7'A 24% *9 Preferred 6% Nov* 19 103% Mar u No par 10 -1 Mfg Co_ Rensselaer & Sara RR Co *773/4 89 63 '/a *32% *8 *86'A % 7% *773/4 8 78% 88 *5% 7% *62% 67% 8 6 5% 87 *62% Reliable Stores Corp 2,000 ' *75 6% 1st pfd <fc Co /. 90 ! 4% 14 3A 15 14% 15 4 Vz (Robt) Reliance Oct 23% July ft ; Remington-Rand 340 ■47% • 6% Reis 300 4% 4% '4% 4%;, *15 Dec 8% Dec " 15% 3% Jan 100 Hosiery Preferred ■' 2 4% Nov 58 88 Apr 25 100 — Silk 88 --No par 1 100 ,JVo par 1 25 50 50 50 34% Jan 27 133/s Nov 9 8'A Jan Jan 9% Jan 53/4 Jan 21 Nov Dec 143/4 Aug Nov 48% Jan Deo 393/4 July 'A Feb S 30% 31 *% * 30% ft if % % ft. 5% *4% *7 9 37% 106% 9 30'A *'A *% 5% *4% ft; . ft 5 37% % 30 ft ft, . % *4% 9 5' *7 30 % ■ 9% *4% 373/4 37'A 37% 37'A 37'A 37% 107% 107% 107% 107% 108'A 108'A 107% 10% 10% 10% 103A 20 20'/a 20 20'A *93 95 *36% 38% *92 114 % *56 38 37% *113'/a 115 *1131/2 115 *113'/a 114 *110'A 114 *110'A 114 37% % Ve 1 *% 16 16 2% *2 59% 58'A 9% 9% 10 56 56 X7% *9 % *56 7% 7% 'A ft *% *15% 2% 2 59 9'A 9% 9% 56% 7% 7 3/8 68 65% 66 ♦63% 7 *63/4 7 *63A *32 33 32% 32% 16% 16 16 2Ve 2% 2% *15 15% *1% ■ - 26% 29 *25 76% 76% *17 *23/a 2% *2% 2% 15'A 15'A l'/a *114 26 28'A ♦25 29 15 15% 15% *15% 9% 9% 17% 17 17 15 15 15-% 15% *15'A 9'A 93/a 9'/a *16% 14% *1%, *25 28 283A *75 *110 ■' 16 9% 77 — *76 *110 2% 15% ' 26 'A *273/a 28'A 28'A 77 *25 26'A . ■ 1 'A' 77 10 16 2% 15'A AVe 3,100 ' —No preferred— • 500 • No Inc . Steel Corp Sharon $3.50 conv (W A) Silver King Coalition Simms 26'A 100 28% 1,900 77 110 Petroleum 2% 2% 2'A 2'A *14% 15% 15'A 15'A 21% 20% 20% 20% 20% 2% 2% 15 15 *20% 125% *123% 125 20 % 20% 20% 21 125 2'/a : *15 19% 17% ' 17 ' '' 17 / 16 3/8 16% 13% 14% *15% 15% 14% 15 15 16 153/4 15% 9% 9y4 9% 50 300 9'A 9'A 2'A 2% 2'A 2% 17- *15 15% *15 20 *19% 20% 20% 2'A 15% 21 1,300 700 21,700 7,700 500 124 123% 123% 123% 122% 122% 21 20% 203/4 20% 203/4 20% 205/8 *11% 150 2,900 11% 11% *11% 12 ll3/4 113/4 11% 11% *11% 11% 113/4 500 16% 163/4 16% 16% 16 16% 15% 16% Xl5 15% 15 15% 38,800 15% 15% 15% 15% 15 15% 15 15 15 15% 15 15% 8,400 34% 343/8 33% 33 33% 6,800 46 45 34% 34% 32% v 32% 323/4 46% *45% *2% 2% *23/4 2% 2% 23/4 2% 2% *2% *2% 2% *2% 2% 2% 25/8 2% 2% *43 46% *43 32'% 46% *44 33% *44 46% 34 34 55% 54% 553/4 3% 3% 3% *35 35% 35% 36% 36 3 6'/a *35 36 *34 34% 34% 33% 345/a 34 34 110 V'a 110% *47% 48% 48% *47% *94 % % *54% 3% 94%: *94% II ' 253/4 553/4 33% , $6 34% *33% 34% 33% 33% 553/4 *54% 553/4 *54% 553/4 120 *47% 48% ~4% 97 *94% 35% 36 36 34 110% 3% 3 35 33/8 *108% 4 34% 34% 34% 1,100 *108% 110% *108% 110% 30 *47% 48% *47% 48% 3% *112 ~4% 4 *95% 97 3% 3,500 560 *112 _4% 4 97 *96 "4% 97 20,700 100 ii 3% % 134 1% 1% 1% 1% 13/4 1% 1% A5/e 1% 1% *9% 93/i 9% 9% *8% 9 8% 8% 8% 8% *8% - 23 79 Jun 94'/a Apr 16 Aug 17 38 Nov 9 31 Dec 116 Jan 10 109% Jun 115'A Mar Jan 110'% Oct 21 107 Dec 112 ft Feb 10 26 Ye Jan % Dec 20 11% Dep 9 11 23 Dec 783A Jan 4'/a Dec 10% Jan 14 10'% Nov 6 7'/a Dec Jan 6 48% Deo 143A July 713A Jan 73% Nov 17 3'/4 Apr 51% Apr 8 4% Jan 14 20 14 20% Aug 26 19% Apr 23 100 Smith (A O) -No 65 10 Corp Smith. & Cor Type v t c No par Snider Packing Corp No par 2,500 13% 4,600 33 South Am Gold & Platinum So Porto Rico 8% Southern California 5% preferred preferred — 9 400 (The) Sperry Corp Spicer Mfg Co — $3 conv preferred A Spiegel Inc Conv $4.50 preferred—. Square D Co—— 5% conv preferred Squibb (E R) & Sons I $5 pref series A Standard Brands Standard Gas No par No par No par No par : 4 18 % Feb 5 50% a® 3% SVi 6 ..No par El Co $4 preferred— 16 cum prior preferred $7 cum prior preferred 5 18% Nov 1% 1% 53% 17'% 217% 30 49 2'% 293% 27% 108'% 40% 109% 23% 89 % No par . 12% Jan 5 24 20 6 28 28 28 16 17 16 24 1 9 10 29 May 2 Apr Nov Oct Apr Apr Sep Mar Sep Sep Jun Jun Apr Aug Apr Sep 25 14 28 26% 271/4 1,700 21,800 Standard No par 18 25% 26'% 13,600 Standard Oil of Indiana 25 20 43% 43 43% 43 433/8 43% 433/8 43% 4334 43% 44% 20,940 25 30% Apr 24 39 39% 39% 39»/4 39% 39% 2,100 Standard Oil of New Jersey Standard Oil of Ohio L_ 93/4 10 ♦10 10% 39% 39% 39% *25 25% *24 25 25 25 58 58 % *563/4 57% 57 57% 100 1,500 7% 7% 73/4 7% 7% 7% 7% 73/a 75/8 4 4 3% 4 334 3% 3% 3% 33/4 3% 33% 3% 2,500 6% 6% 6 6% 6 6% 6 6% 63/8 63/« 6%, 63% 19,100 5% 5% 5% 53/4 5% 5% 5% 5% 5% 53/8 53/8 55% 5,700 49 % 50 49% *123% 125 *1233/4 125 3% 4 3% 4 3% 3% 3% x33/4 3% 13 12% 123/4 12% 12% 12% 12% 12% 12% 13/8 1% 1% 1% *l3/s 1% 1% 1% 12% 12% 12% 12 12 11% 12% 24 23% 23% 24 5 *4% *12% 123/4 12 23% 23% *23 *4% 21% For 5 21% footnotes 24 *23 y8 5 *4% *4% 21% see 21% page 213/4 213/4 1,800 48 49 *47 49 49 49 400 125 125 *124 126 *124 127 120 213/b Oct 112 Jan 114 Jan 14% Feb 255/b July Jan 15 Sep Feb 18% Nov Dec 103A July 2«/8 July 4 5 21% Oil of Calif Starrett Co 10 Stewart-Warner Corp Stokely Bros & Co Inc Stone & Studebaker Corp Sun Oil Co Class A pfd No par 3% 2,900 12% 12% 2,300 1% 13/8 1,500 Mining Co Superheater Co (The) Superior Oil Corp 12% 1,800 Superior Steel 25'% 500 12 24 *24% *4 5/0 5 *4% 5 215/a I 21% 21% 22 Sunshine Corp Sutherland Paper Co Sweets Co of Amer 3,800 Swift & Co— 100 cum) (The) : _100 No par 1 : 100 10 12'% 25 193/a 13 Jun 23% 120 Aug x 16% x 10 3 273/a Jan Dec 131/2 Jan 8 11% 143A Feb 19 Va Sep Aug Jul, 36% Nov 13 19% 24 23% Mar Feb 1 May 6 2 Dec July 30 60 3% Feb Dec Mar Dec Mar Aug 24 150 Aug 37% 2 OU Jan 6% July Mar 69 Nov 6 17% Dec 22 313% Jan 6 27 Ve 37 Mar 24 27% 393/4 July 38'/a July 60 Jan 3 4% Jan 6 45% Jan 14 383/8 Jan 6 Feb 11 59 24 114 > 49% Jan 6 113 Jan Jan 6 110 Jan 8 Apr 54% Aug 60 July July Deo Dec 3 34% 6*% Jan Dec 57'/a Jan 31% Feb 111 Deo 40'A Aug 1173/4 Aug 48'/a Deo 8 5 Dec 47% Dec ~3% Dec ~65/a Jan Jun 113% July 108 % Nov % Oct 27 1% Jan 2% Oct 14 % Dec 4% Mar 11% Jan 14 8 3A Dec 21V* Mar 13% Jan 14 10% Dec 22% Mar 14 28'% Oct 23 17% Mar 25% 28 27% Jan 6 25% Mar 34 Ve July Nov 12 33 Feb 46% Dec Aug 45 Nov 39% Nov 9 33 Dec 48 ya 343/4 Jan 16 29 Dec 40 Jan Oct 23 51 Dec 66 Jun 4 par Apr 33% Jan 1 (The) (4'%% 33/4 • No Dec Feb 28 5% Jan 3% Mar 5 1 : Webster— Apr 25% Apr x_No par Sterling Drug Inc——, ■ 1% 13 233% Aug 1 42 Apr 24 25 L S_ (The) 9 Oct 39 3 Apr May Apr Mar 253% 1% 35'A Feb 10 343% Jan No par 1 No par No par 1 No par No par 2 No par ——-1 —100 No par No par $4.50 preferred 27 21% Nov 9'% Apr 20 Jun 2 100 Mobile & Ohio stk tr ctfs Sparks Withington Spear & Co 144% Jan 29 12'% May 20 233% Jun 2 —No par ——No par ——100 Ry—— 26 10 Co——7.50 Southern Natural Gas Southern 26% Jan 26% 1% Feb Dec 3 25 13 95 111% 16 14% Apr Edison——25 Southern Pacific Co 23/a Jun 153% Jan 14 No par -—100 Sugar preferred 6 17% Jun 27 122'% Nov 20 5 Greyhound Lines—-- 17 Apr 17 1®% Mar 1 S'eastern 26 50 18% 7% 10% 124% 30% Oct 23 Jan Nov 4 25 *48% Jan 30 3A 9% Nov 6% Mar 11 15 Socony Vacuum Oil Co Inc 26% *124 5 Oct 133/8 10% 49% Dec 22 9 4 43% * 16 3A Jan 5 24% 7% Sep Jan 2 Va 6 25 % 7% Dec 40 21 % Feb 10% 58% Nov Dec 15% Nov 25% 57% Dec 6% Nov 203% Jan 26% 57% Nov Dec 5% 59 1 2 10 % 7% 2 11% 1% Mar 24 27 Feb Dec 10y» Jan 9 28. 243% 573/8 32% Aug 27 Jan 26 % 58 4 Jan 10% *57% 14 112 26% 26 17 Nov 100 27 *25 Nov 7 29 25% 26% 66 July 10 July 28 Apr 15 May 18 Apr 108 15% 9 13 % par 26% 39% 60 15% Nov % Apr 26% 39 33/4 July Apr 49% 26% *25 July 9 11 263/4 Jan 3/4 July 4 2% Jun 30 11% May 6 —15 —— 1% 'A 17 Nov 10% 39% 33/s Mar 24 62 Sep July 93A Nov 26 *25% Nov 39% 6 26% *10% 1% Sep 17 16% Nov No par preferred— $5.50 25 5/a *54'/a 3% Oct 24 Mines—_—_5 Spencer Kellogg & Sons 25% 2,500 1,400 *112 4 % 253/8 *33% 34 34 48% 26% *112 94% ft 25% ~4% 4 95% < *35 *22% *112 23 23 34% "4% 50 *22 *22 3% 4 % *35 *35 23 26 54% *47% 800 50 34% *112 1% 253/4 26% 115 1% *22% 50 23 25% *110% 1,700 *35 *40 *22% 26% 115 2% 23 50 23 *110% 200 23% 50 *40 *26 *34 2 45% 23A 2% 50 *22% : 98 10% Apr ' 1,800 20% *122 May 15 ' 123 % : 17% 35 .————No par —10 Skelly Oil Co Sep Sep Sep 23 Apr 54% Apr 29 4% Mar 6 30% May 21 Sloss Sheffield Steel & Iron ■ Jun Jun 52'% July 15 Simonds Saw & Steel- Simmons Co Apr Sep 113 8'/a 4% Apr 29 — 700 47 Dec 2 8 No par Shell Union Oil— Apr 1067/s 12 3A 1'% Sep 16 No par Pen Co Apr May 3 No par pref ser A x '/a 15 No par (Frank G) Sheaffer 3 35 3 Jan 8 4"% Jan .——No par Sharpe & Dohme Shattuck Jan July 43% May par -1 No par $5 conv preferred 44 110 6 4 Sep 22 ft Mar 21 5 Corp_„ Seagrave 10 21% Oct 10'% Apr ' 93/a Dec 19% Jan Va Jun par .——100 Seaboard Oil Co of Del——_No par 4,100 *75 ft ■ft Dec 1 % July Apr 28 9% May 19 123% 78 25'% 109'% 106'% No par ISeaboard Air Line 4-2% 100 5 No par No par $4 preferred l'A 110 23 — Co preferred $4.50 153/4 ■ 7% Sep 5 Jan 2 29'% Apr 30 104 Jun 23 —5 100 Scott Paper 300 1,900 33 15% 153/s 15 Ve 15 *163/4 18 15% 15'A 15% ' 7 *32 VA *110 *14% 33 200 , . 63% 6% 2% *75 *110 *110 *32 63% 7 7 — Schenley Distillers Corp_. 5%% preferred 180 6,600 15% *25 26% 29% 10 7% 65% Jan 2 No par Sears Roebuck & Co_ 57% 7 9 22 100 preferred Savage Arms Corp—— Servel 7% 33 15% 300 *56% *63% ft Nov l'/a Sep 5% 5,800 7% 7 27 2 3 100 7,000 ' 57'A *2% *1%. *75% 29% 15% 2'A 57 65% *32 700 10 7% May 26 ft Jan % Jan preferred— Safeway Stores 20O *93% 15 % 1% *28% 26% *76 2% 15% *1% 1% 33 7,200 9'A *9 5% — - 59 9% 10 —100 —100 Francisco preferred——-. ISt Louis Southwestern 20 — 17 58'A 6% ' % *3/4 16% *2 2'A 9 2,200 0 32 'A v > 58'A 9 56% 7% 7 15% *2 9% 57% 'A 573/4 58% 9 *66 15'A % 16'A 2 . 9 7 *32 'A % 16'A 1 58% 37% ■ 16'/a "A 1 16 68 16% 38 37% • 7 *64'% 200 . • 115 *110'/4 *9% 7% 93% 115 9% 57% 7% *93 93% 114 2 10% 371% 93 94 3,800 3,800 *113'/a 58% 9% *10 37% *92 10% 20'A *110'A *% 16 60 9% 37% 94 510 20 V Louis-San ISt • 10% 20'A 114 % 1 2% *2% *92 10 3/8 10% *20 ; 108 115 115 *110% 16% 59% 95 37% 117 . 1,000 *373A 10% . 37'A Joseph Lead 80 37% 20% % 50 9% >8 1073/4 103/4 *% 5% St 600 37% 20 • '/a *4% 9% 11 500 ft. % '. 5% *8 20% *16 r> ](T % 5% 11 *110% « 106% 107 *114 ft ' 9% 9 Vz' 20 % . .V> ft % . n • 43 116% 3% 11% Apr Apr 61 2 8% Nov 6 9 4«/8 Jan 27 4% Dec 3% May 8'A Jan 6'A Nov 16 63/4 Nov 20 4% Dec 8% July 2 28 13 6 % Nov 7 33/B Dec 8V« 553/4 Jan 9 60 Apr 66 Va Jan Dec 126% Aug 17 117'/a Jun 126 July Dec 9 Jan 21 Jan May 28 5"% Jan 14 3% May 13 Apr 28 15% Jan 9 12% Dec l®/8 Jan 14 1V* Dec 2% July 9% May 20 17% Feb 13 3% May 27 133/4 Jan 3 9'/a Dec 16 % Nov 18'A July 23'A Jan 20 25 1 Sep 16 24 Nov 4 43/4 Aug 1 Jan 26 3 Dec 193/4 May 5ya Aug 25 Aug 1839. nrv-Jl Monday* November -23; 1942 CHRONICLE COMMERCIAL & FINANCIAL THE 183& I per share t share $ per $ per * per share share per 28% 28% 28% 29 28% 28% 28 Va 28^/4 19% 19%.. 19% 18% 19% I8V4 I8V2 4% 4-% 4% 4'% 4% 4% 4% 4 5% VJ *0 *3% *8%. 3% 3% 3% 8% 8% 8% % 39 Va 39% 39 38% 39% *3 Va 3% 3% 3% 3% 3% 36% 36% 36% 36 Va 7% 7% 7% 7% 34% 7% 6% 7 Va 6% 7% 6% 7 VA 38 !a 36 3 Va 3 3 *49% 52% *50 51 3% 3% 3% 8 7% 1% 1 Va 14 14'A *9 9% *6%- *6% 351% 35% *35% 36 *2% 3% *2% 8 *7% 27 *26 % 26 % 1 Va 94 8% 28% 28% 39 % 39 5% 5% 5% 15% 14% 14% 1% 2 2 93% 600 28% 1% 14% 14% 14% 13% 14% 13% 14 25 25% *24% 25% 25% 25% 25% 67% 7*% 7% 7%. 39 % 39% 39%'' 39%' 8 Va 7% 8% 4% 7 Va 4% • 69 69 69 *68 70 70% 7% 69 71 5 *4% 5 5 % 5 5Va 5 Va 5 Va 71 7% 7% ■ • 1,000 Va *7 230 ■: 70% 70 . .1,200 5 *4% 7% 400 11,300 25% 13% *25 25% • 11% 14% *11 ■ .—000 6% 6% 7% Sep, 2 Dec 17 38 May 60% 15 4% Jan 5 5t 34% Feb 27 Jan 3 V. 3% Sep 28 7 8 3% 7 12 10% Feb 9% Mar 85/ Mar 28 95% Jan 95% Aug , Jun , 28 5% Oct 14 15% Nov 9 .Jan 4 7%.May 15 Corp^-—„——1 56%,Jun preferred—1-^—-—^No par jTruax-Traer Corp———No par Tryscon Steel Co ; 10 :20th Cen Fox Film Corp. No, par $1.50 preferred. 4-——--No par .Twin City Rapid Tran—^No par 1% preferred-^— -— 100 $6 Cp„ Sep Jan 5% Jan 17% Jan Dec 10% Aug Dec % Jan 2 75 Jan Nov 10 60 Dec 13 4 Feb 7 Va Sep 11 Va Jun 12 9% Jan 11% Aug Oct 31 5 May 9% 26% Nov 2 16% May NOV 6 %. Dec 78% Nov Feb 6 % Nov 9 16 7 Va Jan 19% Jan 6 1% Jan 21 % Jan 7 5 Va May 16 J.t—I—-i——.1 35% 51% 6% Mar Sep Dec 24 1% July Feb 27% Sep 4 %: Dec 9 Va Jan 16 , Coa ch 99%. Dec 7 Va Aug 71 30 5% Jun 11 Dec Dec 8% 7 2 Va Nov % Mar 14 , Jan 11% Feb 4 12% Mar 17 3 8% Jan St'I%—No par 18 Dec 37% , Jan 1% Dec 27 % 34 Va Jan 43 % Jan Twin Jan 15% Nov May 20 / Jan 34 %. Dec 31% May 21 Tri-Continental 6 Nov 2 : '22 Transue & Williams Jun 24% Mar 27 8 Aug 14 Oct 27 % Jan Sep 40 Jan 30 Sep 5% July Dec 1 % Nov 8V4 Jan ,t$4.50 conv preferred——No par Detroit Axle_— ———10 Bearing--—.--No par Transamerica Corp„i.— 2, Transcont'l & West Air Inc-_ —5 1,300 t 44% Mar 10 51 7 Timken 7,300 250 Jan Jun July Nov 3 2Q Jan Timken Roller 400 . 11* 3 —0 Associated Oil—- Water 10 Va 2 +_N( par ./ 1,000 68 68 14. 13 % 25% Tide 1,500 : 1% 1% - 11% 14% 12 . 14% 11 Va 6 V2 *11 5% 14% 68 *6% 25% *7% *5% * preferred.! Dec 17%,July , Aug 14 5 % Jun R)_——_/————25 6% Dec , 4% 2'%. July 14 Transit Corp.-Np par Avenue $3.50 cum 1,700 1%. 11 ir 19 30. 7% July' 5% 20 41 preferred— III—10 ;Thompson (J 2,800 38% 93% 5% 67% Third 5,400 9% 38 12 6% 9 >% Jan 3% Apr ;. 28 3a • 14%. 1% 11 2 Va May ——100 2,000 . 28 Va 94 *5% 68 - , 5,600 1% 38 % 28 x38%- 12 *6% 11 Va *11 11 11 11 Va *11 68 6% 6% 6% *6% 6% 6% 71 *68 70 Sep „-No par 38%- Sep Feb 32 23 Thompson-Prods Inc— -—No par jThompson-Starrett Co—-—-No par 700 15% 8% 8% 14% 1% 2 1% 2 . 70 71 1% 5% 11% 12 *11% 300 : 26% 15 11% .■ -r— Dec 5 V* Mar 5 24% Oct Jun 4'/a May 3% 2 42 Dec 30'Va 7% Jan Co———- $3 div conv . 300 8% 1-% 14% 5%, 14 10 : 3% *26% 15 93% , 28 Va 39% 14 % *14 11% 11% 12 %: 5% 5% 5% *14% *68% 28 39% 28% 39 Va" —_r~ Preferred Thermoid* 1,600 t 34 *7% V 26%. 8% 94% 93% 94%- * 28% 39% 8 14% 9: conv Sep Dec 16 '5 —No par preferred .The Fair—; ' 1V+ - S3.60 . 9% 46% 7 • 7% Nov . par ; Nov 8 28 35V4/Nov .——100 Mfg Co— Thatcher 37 % Oct Jan Dec 2 4% Apr 1 Nov. 3% 6 28 15 5% 38% Aug Dec 34%;; Feb 10 28 July Dec 16 21 Apr May 26 ~7~% 1% Oct . 3% Nov 5 400 — share 24% Sep / 3%. May 27 9% Jan 40 Apr 28 Texas & Pacific Ry Co 50 3% 3%. 26 Va 14% 9 ' 94 ■ 14%: 15% 9 9 Va 1% 1% 1% 15 pat 200 4% *33 34 8 - par —10 Texas Pacific Land Trust- 300 51 4% 4% *3% 8 No & Oil Pacific Coal 4 Apr 28 2 ' *33 34 : :• 3% *50 51 4%. 4'/a 3% » 7. *49%- 51 *33 34 39% *11% : 4 % 4% • 29 39% 3 *3% 1% 94 94 94 *28% 5,400 *7% 15%' 9 19% 3 % 27 14% 19 22% 21 *3% 7% 26% 23,500 26% 3% Va 7% 7 51 *33 *7% *1 7 7 36 51 4 *3% 26% Texas 35 7 7% May 14 Sulphur——— „iNo Texas Gulf - 2,000 *6% 51 3% 26% Texas 2,300 3 34 34 34 *33 4,500 7% *35 V4 3 4 4 3 Va 36% 7% % 3 ! *3 36 7% 22 11 20 30. 35' Gulf Produc'g Co 3 '/as 35%. X6% Apr Apr 1 Vs Mar —.5 Corp 7% 7 4 Telautograph Corp—.— Tennessee 3 32 50 —5 •Texas .Co. (The)___— 3 Va 37 % *34% 36 *2% *37 28 7% 21% 6 20 Oct Dec 29 Nov 7;200 39% 7 % 6 7 Va 7 7% Va *7 5% Oct 3% Aug (James)--— 5Va% partic preferred- , 35 3 a 6% 22 5 3 Va 1 *7% 7%' 21%- 21% 21 22 , 5% Jan I per 10 35% 3 Va - 35 9 19% Nov 1,400 8% 39% 39% 29% Nov Dec "3% 19'A Mar If 900 8% ' 39 20 4 *3% 3% *8% 16 % 15% Aug 17 Talcott Inc 400 • 35 Highest I per share share per Sylvania Elec Prod's Inc——Np par Symington-Gould Corp. —.—-1 1,500 5% 5 Va t Lowest Ltd———„_i- Swift International 3,800 '• Highest S per share Par v 3,300 4% Va 35 3% 36% *21% * 5 Va 39 *35 8% 9 39% 38% 18% 4 *3% 3% 9 39 18%. 4% % 8% 3% 3% *8% 29 Va 5% 5% 39 *34% 39 *34 Va 39 5% 5% *5% 5% *5% *34 Va 39 *34 Va 4% 28 % 18% 18 19 % 28% •28% Lowest Previous Year 1941 On — STOCK NEW YORK EXCHANGE Shares f per share share ' for the Week Nov. 20 19 Nov. Nov. IK Nov. i; Nov. 16 Nov. 14 Sales Friday Thursday Wednesday Tuesday Range for Range Since January 1 Basis of'100-Hhare Lots STOCKS HIGH SALE PRICES LOW AND Monday Saturday U 40 40 8 Va 8 Va 75 75% 75 113% *112 73 3 4 113% 106% 106 Va 106 Va 106 14% 14% 14% 82 80% 81 *81 *24 24% . 27%- 27 95 % 95% 96% 17% 17% 16% 16% 79 Va 24 27 *95 96% 96% 17%' 16%. 17'% 16%' I6V4 *16V4 *110% *110% 113 54'/a 54 53% ' 18 % 18 % *18% V! 14% iV; 14% 19 Va % iV J'} 54% Sep 113% NOV 12 xlll% Jan 115% Nov Jan 6 106% Dec 112% Sep -—100 Un Air United 18,100 Biscuit 900 -No Co—! ¥i 19% 600 19% 14 % 19% 14% 1 J % 14% United .7,000 $3 - 6% 6% 3% 41% '7 6% 3% *40% 41% • Va1" 6% 3%: 3 Va 40 V» 41% ■ >7 ' 7 •: • 40 40 Va 7 Va *3% 5% 5% 5 Va 5 % 5% 27% 27% 27%.- 27 27%- 27 59% 58% 59% 59% 60 59% .. 27 60% 59 *103V 4% 4% 4% 5 4% *104 104% 1 103% 104 Va 16% 16% *3% 3% 3 %■ 3% 3% *4% 5 4%: 4% 4% 85 38 >4 33 Va 16 %:; 16% 16% " 35 37 37 9% 9% 9% 58 Va 58'% 9% 9 Va 58% 59% •174 4% 104 Va *102% Jan 27 Jan 2 an 84% 84 84 84 Va 3 4'/a 35 34 57- 30% «■:. *98 % % *39 Va. , 30 30% 30 .U S U S 174% 6 *39% 40 40 *3% 3% 12 Va — 30% ;■> *26% 29% ■) •» •' ' *28% 30 30 12% 1,800 30Va 26%. 4 . *26% 24% 24% 24% 23% ►. 98 98 99% — 800 27% 42% 42% 42% 42%, 42: 43- f 200 U S 2,600 US ii .% 8,800 fU S Realty & : 24% 24 24% 17,700 96% 98 97 98 Impt-———No par 427/a 44 44 44Va 60%, *60% 61% 60 % 49 % 49% 49 % 49% 111% 111% 111% 49% 48% 111% 112 111% 19% 61 % *1% ¥i 20 *19% 20 47 *45 60% Va 1% ' *45 1 ia ' . 60% U. S 60 1% 1,100 1 *la 1 % ];[ % sr 59% 59 % *49 59 % 52 52% 52% 15 15 14% 14% 150 156 150 150 *144% 59% 59% 59% *150 150 *144% 150 15 *59% 600 ■ 60 No par 158 24% *24 17% 17% *10%- 10% *24% 25 *17 23 3+ 35 33% 17% 11 10% 10% *23% 25 *50 70 *53% 70 23% *22% 24 2% 2% 39''2 *39 115 115 21 27% *26 38% 38% 115 *53% , 2% 2% 22% *2% 37% 115 115 20% 20 Va 33% *50 64 64 *53% *20 Va 25% 20% 27% *26 *26 34 5660 22% 2% *10% 10% 10%t 10"% 34 *50* 53Va *48 60 *53% 60 2% 23% 2% 37% 27% 29 *28 % 29% 76 76 *74Va 77% 135 *23 % 20 20 26 26 29 29 *74% *132 23% *114% 116% 29 *X32 10% 341% *22% 24% 78 ■135 23 2% 37% *115 *20% *26 29 *74% *133 *23% *33% 55 *48 ■ 600 . 400 *53% 37% , 37 *115 20 22% 27 29 76 135 . *26 Va 29 *74% 135 ; 2% . 11% Jan 26 60 Nov 12 174 Nov 10 6% Jan 14 1 May 37% ■ 27 1,100 160 310 20% ■ 100 29 1,100 78 50 135 „7% 8 7% 7% 7% 7% 7% 7% 21 % 22 21% 21% *21% 21% 21% 21% *24% 25 24% 25% 24 24% 23% 24% 24 Va 24'.% 24% 25% 10 , r 3,500 2,200 •' 4 7% 41 Sep 21 33 Feb 43 Jun 28 3 4'A Jan 27 20 Apr 33% Aug 28 2 20 May Dec 23 5% Jun 10 54% Apr Feb 28% NOV 7 20'A Dec 31% Aug Feb Sep 114 7 July 30 7 25 Va Dec Nov 9 18% Apr 26 Mar 11 % Dec 13% Dec 31 1 I; 13% 6 May 1 .'37% Apr 17 58 Apr 28 44% May 20 Jun 30 107% 15% Apr 29 ! 39% Mar 27 2'/a July ; ... 17 58 Dec 103 Vs Sep 51'A Jan 14 43% Dec 65 Va Apr 71 19 69 Dec 76 '/a Jan 47 Dec 70% Jan Jan 55% Jan 3 119% Jan 13 105'A Dec Jan 5 19 Va Dec 46 Va Jan 14 24 „ J40V 20 Oct preferred—..u——.—4—100 142 1st pfd——_.100 147 I - —4 preferred. Chemical Co preferred Jan 20 May Jan 1% 1 Nov Jan 62 Sep 16% Jan Nov 43% Sep 64 6 140 May 157 21 133 Jan 162 v Jan Oct 5 100 20 29% Feb 6 15 Apr 31 20% Jan 3 15% Dec 34 Vi 2 8% Dec 15 Mar 20% Aug .28 July 7% Jun 19 24 Mar 112% Jan 9 12, 50 July 30 55 Sep Detinning Co —25 -25 100 100 Preferred Vultee Aircraft Inc.. preferred; —1 No par % Aug A Jan 23 2 Jan - —100 4—A % Sep % Jan 14% Jun 25 22 May . 1 12 11% Mar 26 116 % July 15 41% Jan 6 25 • Sep 55 Jan 19 57 Nov 18 66 19 20 Dec 116 Aug Jun 45 July 57 Mar Aug 39 Va 60 Jan Mar 111 Va 25%. Jan Dec 66 Aug 18% May 26 Works.——5 preferred—- $1.25 159 30 Virginian Ry. Co...— 6 % 150 Va. Jan a———5 100 Ry—A Va-Carolina Chem No par 6% div partic preferred"-! 100 Va El &,Pow $6 pref— —No par Va Irom Coal & Coke 5% pfd—100 Vulcan Apr 24 Apr 30 , 29. Jan 50% 1% x ; 4 — Van Raalte .Co IncL 1st Oct 1 33% t Sales—v • 6 May 1% Oct Jan 130 ' Mar 42 61 15 Sep 10 ..Nov 41 % Apr 28% 25 Va Nov 100 Mar 10 54 ., Sep Oct 105 30%. Aug 1 27 Apr 10% , 34 Va % Aug 21 20 4% Aug 2 Va 14% Oct 4 Va Jan Jan % No par ' Jun 30 12 Pictures Jan 27 15 Leaf Tob Jan 9 Va Feb Dec — July 69% 183 Apr 4% July 13 Dec 37% Dec 17Q Oct 19 8% Feb , Sep July 93% Dec 5 , 4% Dec Victor Chemical 200 1,100 117 22% 8 26 ,7« Vicks Shreve & Pac 23 117 43% Oct % Vick . ~io 60 *22% 21% 8 ; 55 60 2% 9 Jan 14%" Nov • Dec 83 42 Va -1% 22% 8% 900 • 34% *21% *8 1,400 23% 23 2% Dec 7 26% May .No par —4——100 Vanadium Cofp of Am —No par Van Norman Mach Tool—. 2;50 *114% 34 7 25 2% Feb 15 Preferred 30 ■ 17 23% 17 52% Nov 20 Vadsco 1,800 itf 17 *33% 27 5% Nov 10 ,117 Dec % May 25 8% 16% 37% 76 135 23% *J3 *23 % 24% Feb 2% 4 Va 34% May 20 12 /July 15 Universal 180 16% *115 Va 20% 29 *132 *10 Va *23% Apr • Dec 8 Va Jan ; conv Universal 100 151 17% 38 76 135 17 24% 115 28% *131 *23% *114% *114% 33% *22% *50 23% 17 10% 24% 23% 17% *116% *116 Va *33% 23% . ..100% 1 $6 V % % n ItS 17 21' A———1——5 preferred— No par Universal-Cyclops Steel Corp— 1 Stovkyards Corp J,... s *% 106% Jan 87 United Stores class — 150 151 150 Jan Dec 16% Oct , 28 ' ——.25 preferred.w-* 1% 1,400 ' 100 Co.; Tobacco United .7,800 52% *144% 150 10% 4 Va • 2Ve Apr Corp..—•—w.No par Preferred ——4-, ' *150 156 *150 *59 *144% 150 45% ■i». *144Va 14% 60 *44 '/a 1% 52 16 24% Apr 50 Preferred I U S Steel .1,600 45% 60 14% 20 1% 150 15 *19% 20 : '2,400 *44% *14 *14% 25,200 111% 1% 14-% 52 Va 20 Dec 5% Jan 34% Jan 1st 200. -49 • 47% 14%. 52 • 61 48% 111 111% 1% *44%:. *49 52 20 *60 Va 62 48% 111% 1%: 45 52 Va *49 *146 20 60 V4 x48 49V4 1% 44% 1% 20 60% 112 1 47%; *1% 1 *19% 48% 1,300 Co.—— -10 preferred——4—100 U S Smelting Ref & Min— .50 ; U S Rubber '2,400 111%' *60% Jan 3 -1 Foundry —20 Playing Card Co——4 10 Plywood Corp-— -1 29% 5% July Apr 4% Apr pat 'US Pipe & 30% 24 * 3% 79 22 29% 99% 43 16 Sep Nov 51 42 99 30% 24% *42% 6'A Sep Sep 3% ■ Dec ———100 preferred— 30 98 100 Dec 20% May 10 May 7 Prior 100 23% 25 98% 1% - 6 Jan ' 'A— ' 24 Va 97 6 Va 60 No par Partic & conv cl u1,300 12% 31 ".." Jun 30 6% May 14 Corp— Leather Co-%——No U S 200 - 2% 5 159 , 110 *101 % % - J if X»> 26%, 30 30 30 14 27 *3% 4 12% 115 *98 107 *98 12% .. Jan 22 3 40'% May 13 Co__—4-—-20 preferred —„ ^—100 Hoffman Mach 8 Jan 30% Feb 17 —5 5 V2 % conv preferfed——-4—-50 U S Industrial Alcohol—4—No par U 600 *5% 1% Dec 77% Apr _No par Freight Co— Dec 35 2% Sep / 2% Apr Paperboard— Gypsum 7% 610 v A 13% 72 % Jan 11% Apr 4 6% 30 900 3,800 ? 9% 58% *173 , 15 1 93''2 Mar 27 .c—__— ' 3% *12 Va 30% 30 % ■ 40 3% 27 % *29 V8 30 31 31 *5% 6% 9% 59% 174% *173 174 12% 112 27 27% *29%. 31 58% 59% par • 330 ' 12% " ■ 30 3%' 4 13 30 *29 430 ' 58% 9%. *9 9 % s.g 30% *26% ■»" 34% Sep 3% Jun US & Foreign Secure 1,300 Sep 48% Jun —10 -4—No par $6 1st preferred—i———No par U S Distrib Corp conv pfd 100 United .400 v.. 84% 34% 30% 27% 3%; 34 *39% 27% . 84- 172 30 2,200 Feb 52 21% • 15 50 3% Mar 11 preferred—---No par. $5 United Mer & Manu Inc v t Dec 113% Dec 13 3% Nov 28 21 25% Jun ' 85 40»% 105 16% 16% 16% 4% *39% 105 400 4 % 40% 115 103% 35 Jan 14% July -> 7% Sep 15 1% Apr ' *3% *39% *93 *102% 103 Improv't——No Gas 17 Va ^ Oct v 33 % Aug United 8,900 3% 40 Va a 4% 4% Va 301 1C2% 104 4% 4% 4% *39% *3% 4% *3% *6% 30 Va United 4% *174 *12% 3,900 3% 6 Va 4 60% 4% *6% 12% 60% 3% % j; Eng & Fdy— ——5 United Fruit Co.*.—_*._No par 3 % "6% 12% 600 4% *6 Va *3% .1,100 ,16% 9 4% Apr 23 Jan _/ 16% Jan July 28 11 Feb 20 July 44% . Dec Dec 2& 55% Oct 1 May 16 ' 5% 26% 8% 108% Jan 31 ' 9% May 16 * 47 a 9' Jan 85 % - i' 17; Cos—_—5 Coal Electric United *5% 60% 17 •18% Nov 85% Dec Oct ' 60 28% 5! Feb 30 Sep ' Dec 6 104% Jan Oct Preferred 120 ... 24% y36% Jan 3 37 *26 % 27 *26% 16% 6% 6 38% 38 V2 a 5 Va 5% United 600 24- 4 1-7 Drug Inc—5 Dyewood Corp_4 —10 100 United 3,400 » " 16% 16 Va 59 58 *174 — 4% ' .i'fe 3% 35 *83%' 85 *83% 85 38! 38% 40 , 3% ' 5% *5%. *5% *27% 7., ■%7 3% 6% 3 Va > V4 *3 3 Va Dec 113 " 3% 73 17 Apr Corporation— preferred 6 104% Mar 24 Corp-^-.—No par —No pat — —No par 'United-Carr Fast 27,500 14% Dec 81% Feb 16 Dec 57% 9% Mar 10 par preferred——100 Carbon Co — ;—No par 5% United •11% 5 17 7%' Apr . • 1,500 9' 23% Jun 89 ' 54% 15% Oct 85% Nov - 1 21% Aug conv .108 27% • 2 -74% Jun * 14% ■ Jan 79% —5 preferred—_———_100 Lines Transport ——'-5 5% 113 *110% *19% 19 Va ': 113 55 12% Feb ^-No par Union'Tank * 16% *16 55 *110% 54% 14% 14% 16% Deo 60 'United Aircraft Corp 500 17% 16% 17% 16 Va 113 19 Vs 14% 16% 16%. : 96 *95 17 53% 16,600 ' 96 *94% 96 % 16% 16 % ■ 1,000 27% preferred— Car——1 4% 500 79% 24% Sep 7 9 10 May 63% Jan Union' Pacific RR Co 26% , 37% 5 76 'a Nov May 6 100% Mar 24 California———5 __100 Union Oil of *79 27% Dec 9% Jan 28 108 3,800 81% 23 21 Apr $5 pfd—No par series—-,_No par Preferred $4.50 •. 2,200 *24% 24% 27% 140 14% 80% 79% 24% 26% 79% 104% 14% 81% 79% 15 Va 14% 104-% 14% , 41% Oct Va Sep No par —No par Carb Carbide & Union El Co of Mo 113% *112 .105 24Va — i.i 11! 8,700 74% 73% 73% 113% 79% 16% 18 18 Paper— Union 27% 96% 53% Union Bag &: 81% 80% 80 Va 16 %• 54 *53 1,700 24 -• 26% *110% 113 113 *110% 7% 79 % 27%; 26% 7% 24 24% *24 80% * 79% 79 %T 79% *79% Fisher,Co——,1N0 par. 8 14 Va 14% 14 14% 80% Under. Elliott 105 106 -*105 14% 2,600 *112 113% *112 105%; 106 Va 15 39% 73 % 74% 73 % 75% 113% *112 '39% 2 7 40 8 - 28% Jan 58 39% 7% 40 7% 75 Va *112 39% Mar 27% Sep 2 2% Oct 7 % Dec 2% Jan 21 18% Dec 1 Jan 22 »/a Jan 8 40% Oct 118'% July 114 Dec 14 Jan 3 21% Nov 10 11 Dec 23% Sep 24 Apr 29 31% Jan 20 30% Dec 42 Jar! 13 29 Dec 33% 110% May. 4 , 28% July 26 May 22 70 Jun 120 Mar 24 11 6% May 22 116 Sep 29% Oct 96 Va Mar 138 Jan 11 Feb 5 89 Feb 105 No* 9 135 Mar 143 Jun 10% Mar 25 16% May 22 25 Apr 1 21% July 30% Jan 26 W '100% 7% *7% 7% *7% 7% 7% 7% *7% 20 V* 7% *20 20% 20% .20% 20 % 20% 20 Va Xl.9% 102 *100'% *100% 102 For footnotes see page 1839. 102 *100'% 102 *100% 7% 20 102 2,800 7% 7% 400 19% 19% 1,800 *100% 102 Wabash RR preferred 100 —No par No par 4 Va % preferred with warr._—100 Waldorf System Walgreen Co 2 7% Oct 7 6% Dec 9% Apr Apr 23 20% Nov 18 15% Dec 22 % Jan 97% Jun 19 102 Va Oct 30 96%, Jun 105% Jan 6% Mar 25 16 Volume 156 THE COMMERCIAL Number 4127 & FINANCIAL CHRONICLE NEW YORK STOCK LOW AND HIGH Monday Saturday Nov. 14. t per share S $ per share per 5 ¥4 5¥b 5 ¥4 *40 '40% 40 Vb 40% 16% 16 ¥4 16 ¥4 *15 ¥2 5 5 ¥4 39% 397/a x39¥a 39% 39% 16% *15 ¥4 16 ¥4 *151/2 5% *4% 5 ¥4 *4 ¥2 5 ¥4 \l *% % % % 27 ¥2 *25% 28 27 6% 6 ¥4 *75 6 ¥4 78% ' l¥a 76 1% 1 ¥» 1¥B 33 ¥2 — 30 — • 15 ¥4 15¥4 13% *16% 17% . 56 109% *75% $7 19,500 Warner 490 $3.85 79 • T34 1% 1% 1% 1% 1% 1% '11,200 1% 1% n'A 1% *1¥4 1% 1% 1% 6,400 *33 35 % "34% 35% 35% 34 ¥4 *33 35% *34 35% 35 357/8 30% *28 3d *28 30 - *28 30 ! 100 34% 34 ¥4 *28 34%' } 700 ■ ¥4 Apr 1 600 Washington .Gas Ltr Co——No 100 Waukesha Motor Co: 17% ! 400 Wayne Pump Co *2% 2 ¥2 *2% 2 ¥2 i — 16% "16% 16% 16% ¥4 *9 ¥4 9% 60 67 74 66% 76% 74 65% 63% 109 109% -109% 13 99 ¥2 17 ¥4 17 ¥2 *2% 2% *5 6 ' 6% . *98 1V4 I'/t 26% 15 17% Xl6% 17 2% 2% 5% *98 62% i 440 109 ¥4 : 290 West Penn, Pr Co 4%% Jan Penn El ¥2 Jan *5 % 11% *11 ¥a 11% I 1% Jan 9.9% | 100 16% 17 *2 ¥4 2 2 % *2% 6 *5¥e IVa 1 Va 26% 6 1¥« 20 % X26 ¥2 ' 14% - *1 1 26% 900 ' • Vb 4ft> 1,000 ■ 27 ¥2 14% 21 8 25 Feb 38 Feb 2 14 Dec 14 Oct 23 10% Dec 17% July 9 10 Va Dec 20 ¥4 July 22 l¥a Dec 4¥4 Jan 25% July 74 ¥2 Jan 3 12 65 ¥• Mar 34 par 91 Jan 22 106% Jan 104 Jan 8 99% Dec 115 Jan 93 Jan 8 89 Nov 107% Jan 113 ¥2 Jan 9 112 Mar 117¥a Jan 15 Dec 25 Apr 41% Apr 27 36 27 100 102 Apr May < 1 Dec 21 Feb 6 97 100 16 104 ¥2 Jan 2 104% 9 17% Oct 10 15 ¥4 Dec 3% Jan 27 1% Dec Sep 12% May a.10 2 100 18 Apr 28 -—100 4% May 20 % May 18 23¥b Feb 18 —No par 13% May 27 100 ' 88 10 ¥2 Sep No par 100 , 28 -100 pfd ' Jan 6 r_ Westlnghouse Air Brake Sep 23% Jan 19 10 Vi Nov ,—100 : ¥4 Oct 17 ¥2 Nov X71% Nov 7 ¥2 Aug ■ '■ Sep Deo Dec 1% July Feb 59'/2 May 20 Maryland ' Deo 16% Mar 2d preferred.' ' % 6 Western Union Telegraph 4,900 77 "5 20 ¥4 Jan -Western Pacific 6%'preferred | 7,500 14% preferred Western 6¥s Jan 16 Jan May 18 preferred — Western Auto Supply Co 1 14% 14% 6 *5¥b 1 ¥». 26% V ¥2 17 1% Nov 53 15 Gfa 2,500 ■ 1% Nov 2% Feb 6 6 preferred 6% &00 99 ¥2 16% • 6% Oct 21 80% Oct 15 .No class A 1% ' 26 ¥4 3 11 -w-1 West Va Pulp & Pap Co West 270 99 ¥2 16% 2% 14% 60 73 420 l¥a Apr No par 109 ' • 1 ¥a 14% 12 West Indies Sugar Corp— 62 ■ Dec 13% No par $4 conv preferred!..- !'!'• 700 par —No par 72% ' 109 ¥2 26% /: 14% ; Eisenlohr-.;— Wesson Oil & Snowdrift ? 9 ¥4 ¥4 7 2 5 *58¥a .'■< ¥4 11% 99% 1% 15 14%' 12 12 *98 26 | 2,100 71% " 9 ¥4 74 64 109 ¥4 99% *5' 26% 59 ¥b 63 109 2% l¥t 26% 9% *71% 17 % ¥8 *1 ¥B 26 ¥2 *70 <■ 4 % Aug 13 ——1 ' 74 63% 109 13 12% *97% 17 ¥2 2% 109 58 60 : 74 - *9¥» 9% 58% 71 64 ¥4 • *70 73%, 91/4 67 ¥2 13 : ■ 9% 58%' 16% 16% *70 77% , 65 ¥2 ¥2 16¥B 74 Nov 16 \ 14 16% Sep Jun 1 29% Nov 13 ¥* Jun 15 17% *70 ¥2 6% 6 39 ¥2 Jan *14 ¥2 17 ¥a Dec 6¥a 35% Nov 20 *13 ¥4 74 2 ¥4 Dec Nov 8 17% Webster Sep 5 14% ' Sep 15 ¥4 21% Sep 24% Oct 13% 2%' 36 Feb 3 No par 14% *2% May xl2% 6 -May 14 ¥2 Jan - Pipe *17 ¥4 2% 25 Va 8 35% Now 20 *13 ¥4 *2% 12 2 17% . 14 Jan 13% ¥2 5% Nov 19 *17 2 per share " *12% 15 Highest t per share 16¥4 Oct 27 x65 share No par Fdy & Year 1941 Lowest 41V4 Nov 17 17 15 per 4 Feb 13 ¥4 ■ ( % May 4 ——. Preferred receiptsWarren $ 22 16 No par — — $3 preferred 250 2% Jun No par preferred Receipts share 5 fWarren Bros Co . per Range for Previous 100-Share Lots Highest 50 Pictures Bros 15 ¥4 9% 13 ¥4 14% 6% 17 99 ¥2 .*5¥2 79 *75% Class B preferred-! ,1,000 27'% 200 6% 13 ¥4 17 ¥» ' i"tf *26'/4 of 3 ¥2 Apr 23 31% Apr 17 13% Mar 23 No par No par 15 *97 ¥2 2% 1(f 6% Ward Baking Co cl A 200 17 ¥4 " ; 109% 13 7C 75 4% 27% - No par 14 17 73 64 6¥s No par No par Div redeem preferred 15% *70 56 64 ¥2 30% *2% . >; 97/B 73 . 34% 17 ¥4 74 *9% *26 ¥4 6 Va Walk <H) Good & W Ltd *13 ¥4 . 17 * 27% t Walworth Co *15 ¥4 . 2% 17 *70 ¥2 V(f Par 100 - Basis Lowest 1,200 16 VA- 4Va !) 6 Va 76 34 *29 lil On 7,100 39% 1% 1; 35 *34 • *13 ¥4 * 1% Va 34% '30 *2% 1% 1 5 *4% 12 6% 75 4% *25 y2 28 6 76 1% . 34% *34 ¥4 6 ¥4 4% Range Since January 1 STOCK EXCHANGE Shares 5 *15% 16% % *27 ¥2 5*1 NEW YORK the Week t per share 5 5 5 Sale* for Nov. 20 % < I per share share per 5 40 *4 ¥2 : t Friday Nov. 19 Nov. 38 - share 39% *16 5¥s STOCKS Thursday Wednesday Nov. 17 RECORD SALE PRICES Tuesday Nov. 16 \ , 1839 8% Jan 28 2 13 19 ¥4 Feb - 4% Sep 23 Oct 5 30 Apr Dec 20% July 107 Oct 29% July 4% July 9 July sa Feb 18% Feb 31 ¥2 Nov 15 Deo 24 V* July Oct 105 Jan Dec 141 Mar 1 ¥s May - ' '77% ■; 77 ¥4 *116 ¥2 77 • *26 ¥4 ¥ 77 ¥4 .• 118 *116 ¥2 28 *26 ¥4 28 76 ¥4 119 , 77% 76 118 116% *26 ¥4 28 *26 Va 1 27 ¥4 26% 26% *26% 27 ¥4 106%, 106% *105¥a 106% 106% 106 ¥2 *41% 50 26 *41% ¥2 *41 ¥2 50 *82 ¥2 88 *19 19% *61 ¥4 *41 ¥2 ». • *82 *26 50 *41 . 88 *82% ' 88 19% *18% 61 ¥2. 50 26% *41.%. 88 i 107% 50 *82% . ,! , \ f 62 61% 617/a *60% 62 > 410 *14 ( 15V4 *13% 14% *13% 14% i —- 131% 13% 13% 13% 13% *4%, f 3,600 t 4,600 15% 14 ¥4 13% 13% 13% 4% 5 ¥s 4% 4% 4% » 4% 3 Vb 3¥b 3¥b 27/b ?. 2% *39% 49% *35 49%' *tc< *19% 20% *19%' 20i% *19 2 ¥4 2 ¥4 15 ¥4 19' 19 * *3 3 VB *39 ¥2 49% *19 ¥2 20% 49 ¥2 20 ¥2 *2 ¥4 2% 2% *2 ¥4 1% 17/b •- *7% 1% 1,200 , 5 3 3 *4% *2% -3 49% *35 20% *19% 7% 4 ¥4 58 % I 2 7% ; 4 ¥4 *109% 4 ¥4 * 1% 2 7% 7% 4¥a : 57 ¥4 V *109 ¥a 120 ; 57 ¥♦ . 4 *57 ¥b 2 VA 2% 1% . ¥2 *2¥+ ■ 1% 7 2% 1% 7% ¥4 4 " 58 *109% --7% : 120 - 120 19 ¥2 19% 19% 19 ¥2 29 ¥4 29 ¥2 29 ¥4 29% 29 16 ¥4 16 ¥4 16 *47% ! • $4 conv 2¥* t 50 ¥2 120 *106 *19 115 ¥2 47% 4 % \ 52 Va *22 *1091/2 preferred-, t 3,700 /< 2,000' 4¥4 | 6,700 I 4¥8 , 54' • 112 54% *109¥2 120 Woolworth (F W) Co Worthington P & M 16% ; 47 *46 / 50% *46 1 97 *95%*- 99- 47 22 % *22 - -1 52 12% 12% 120% *120 ¥4 7% 7 V*r 31 ¥a 82 ¥2 7% 30 ¥4 100 10 to ' *46¥2 96 90 ' x5i 51 ■ - 22 ¥2 12 ¥2 7% *7 30% *81 ¥2 83 ¥4 *22 51 ¥4 7 ¥4. 30 ¥2 30% 82 82 ... v 82% ¥2 ' 9 ¥4 9¥a 16%'; 16% 2¥b 2Vb ' 9¥b. 16% 'v shares. . 9 % 9 ¥» ' 16%v 16% ' 2¥b 2V4 ' < 9 -• t In ¥b 9% • 9% 2¥b receivership, 16% - 16% 2 ¥4 16%-. 16% 2 ¥4 9¥b 2 ¥4 2 ¥4 Deferred delivery, a n 139- 310 | ' , 1,900 ( 2,500' New Stock, r Stocks, and Miscel. Bonds Bonds - Bonds — Total——-a— $3,684,100 $290,000 $1,000 5,689,100 595,000 11,000 7,644,600 682,000 5,000 ' U. •« 658,000 4,000 7,799,400 502,592 7,574,000 407,000 8,000 Deo 110% Oct Oct 115 Nov Sep 7 19% Deo 33% 9 23 ¥» Deo 34 ¥a 16 Dec 25% July July 28 98 Mar 147 Mar 130 13 117 17 54 Jun .No par 80 Jun par 39 Apr 15% Jan 85 Jan 26 47% Dec 26 50 ¥a Dec Jan 15 86 Apr 122 July 62 Jan 8 50% Dec 80 Jan 3 23 ¥2 Oct 13 14 ¥4 Nov 9 10 ¥4 Dec Aug 17 109% Dec 2 28 . 121 Jan 15 Dec 73% Aug 75% Aug 22% 17 ¥4 Jan Jan 120 Jan ¥4 Jan 7% Nov 9 Dec 12 \ 37 ¥2 Jan 13 29 Dec 42% Jan Oct 20 76 Deo 93 Aug Dec 18% Jan 8 Dee 1% Apr 15% Apr 3% Oct 87 , 12 ¥4 Jan 5 19 17% Nov 12 1% May 21 2% Jan 26 Ex-rights. Jan Aug July Jan 24 10 ¥2 Apr Jan 104 23 No Jan 57 ¥4 Jan 9 y 8ep 109 ¥a 28 24 Nov 8% Feb 7 77 21% Jan 44 No par' * 1 Vr Deo Dec Deo X30¥a Nov 42*% Jun 7 5' 6 4¥b 60¥a 6 106 par 13 2% May 2% Jan Apr 22 100 Ex-dividends, x 287,000 32,000 5 ¥4 9 ¥4 H Called for redemption, t Unit of trading $61,000 Shares) $2,919,000, . Government $354,000 $11,000 622,000 107,100 855,000 86,625 567,000 98,625 1 -c. _1_ —! < . ,v. ■ $366,000 55,000 "l,000 911.000 3,000 2,000 572,000 75~000 729,000 $19,000 $3,677,000 101,415 430,000 4,000 557,145 $3,538,000 $120,000 1942 3,316,390 1942 1941 102,947,506 Stocks^—No. 129,211,878 of shares_i. — 665,000 4,000 710,000 [Jan.1 to Nov. 20 — 557,145 Total $1,000 107,020 — Foreign Corporate 43,000 ■ Week Ended Nov. 20 1941 3,123,952 Foreign Domestic 56,360 —— $43,479,200 $40,499,200 Bonds (Par Value) of ■/• a Wednesday Thursday 9,089,000 20,1942 1 • Tuesday 7,989,000 8,770,000 ^ * Saturday Monday 8,331,600 7,137,400 1942 of-shares., 1% Stocks 6,295,100 / Week Ended Nov. 20 Stocks—No. July (Number $3,975,100 3,123,952 Jun 26 ¥a 125 —; Special sales, Week Ended Nov. Sales 521,190 ^ 54 ¥b Dec 13 Zonite Products Corp Bond 658,980 —— Feb 18 ¥a Nov Total Government 514,290 - 41 13 6% Jan 20 May 14 s 12 73% Jan 3 Apr 23 Jun ; 3 Jan 12 Cash sale', 53' Jan Jan 22 ¥4 Jan j Daily, Weekly and Yearly United States Foreign 666,280 Thursday. 5% Transactions at the New York Curb Exchange 260,620 * 8 ¥4 July Dec ' Preferred 100" 111 ¥2 Young Spring & Wire— No par 5 Youngstowh S & T_„ : No par' ' 28¥4 15 % % preferred series A——100 V 78 Exchange Railroad Number of Shares Wednesday. Dec 2¥« ——100 Daily, Weekly and Yearly Monday—--———.. 2% ; Transactions at the New York Weefc Ended Nov. 20,1942 14 27 -117 Yale & Towne Mfg. Co———25 Yellow Truck & Coach cl B— 1 Jan 5% Nov ¥2 Aug 26 14 ¥2 Jun series——100 Zenith Radio Corp | 2,000 17% 3 ¥2 Jan Youngstown Steel Door—..No j 4,200" 15% July Dec „—100 — Wright Aeronautical-^ Wrigley (Wm) Jr (Del) 1,600 Jan 6 1 21 ¥2 May No par Prior pfd 4¥2% Conv series j 7 ¥2 30%- 30% ~ Prior pfd 4¥2 % | 500' J 4,000 100 / 1,000 12% 81 ■ - ' - 22 ¥2 - 12 ¥2 7% ' ,{. 120%- 120 ¥2 121 :-v- 17 10 preferred A a6% preferred B_J 300 ] 10 ¥» 10¥a Sep 23 .107 ¥2 Jun —10 (Del) 1% • — I 99 51 ¥4 • 12% *120 ¥2 46¥s ! Woodward iron Co — 5 '50 *94 ' 22 ¥2 12% 121 30 ¥b' 82% and, asked prices; no, sales on this day. reduced, from *46 50 *7 ¥4 31% • 46% *46 - 22 .> 12% 84 *46 50 51 22 22% ... 46% 51 120% 2¥a 2 ¥4 ♦Bid 114 120% 9¥b 16% ' 2 ¥4 124 *106 51 ^.No par i *116¥2 *47% —No par Jan 5 1%. Apr ; 76 17 3¥b , Jan 30% July Apr 7 $6 preferred— Jan 36 ¥2 July 15% Jan 16 110,800 114 Dec 16 I 124' 15 58 ¥2 8% Oct 16¥4- *106 69% Jan 29 2 ¥4 Oct 19¥8 *116 ¥2 ¥4 Apr 2% Nov 29% 114 Deo 21 15 16 V* 124 85 4 12 28% *106 60 22 29 3% Sep 14 *19% *1161/2 18 Jan ¥2 Apr 16 114 July Apr 1% Aug 197/s 400 65 100 50 27 ¥4 Feb 4% Apr —5 — _T—" ' Wisconsin El Pow 6% pfd——100 2,400 Aug —a!0 29% 120 47% 7% *82% 9% -15%' 112 preferred— 16 29% < 13 ¥4 30% 31% 84 ■ 15% - *106 51% 13 • Apr Apr Aug 34% 29 May 6 15% Apr 23 1 27 ¥4 1 28% *19 19% *116 ¥2 52 7% 31 ¥« *9 ¥2 ' 96 ¥4 *120¥b | -conv Mar Jun 93 ■ 25 Jun 40 ,_20 .Wilson & Co Inc 800 » 6% 105 8 27% Motors Willys-Overland '■ 24 2 1 % Apr No par preferred Wilcox OH Sc Gas Co 1% 7¥2 55% *109% 29% 16% 97 22 ¥b 13 ¥4 120% 84 200 1% 7¥2 4% 55 v ', 115 *19 29% 51% ■ 23% 13 Va *120 V« *7% * 50 ¥2 *48 /. 95 52 j 2¥4 1% 4 56% 7 57 19% 94% 95 Prior 6 Nov 3 „- 118 2 31% Jan 108% Oct 11 July 9 18¥B Aug 13 58% May 9 12 ¥4 July 21 12 —a 71 28 127 5 80 —1 | 7 ¥2 ■ ¥2: 43 Spr Co ._No par White Sewing Mach Corp— 1 2,300 i • 20% Mar Aug 100 ¥2 Jun par White Rock Min ' *116 ¥2 48 *48 16% • 49% . ' 16%'.. *116'% 124 " *106 115 ¥2 16% • ' 92 8 Jan 29% Feb 81 ¥4 Jan Apr 28 No White Motor Co ■ 7%,: 4 ¥4 *57 *39 ¥2 *19 ¥2 5 23 No par preferred— • ' i ' ' 109 12.50 Wheeling & L Erie Ry Co 100 5¥2% conv preferred———100 Wheeling Steel Corp -No par $5 conv prior pref No par •White Dental Mfg (The S S) —20 ..---■ t : 61 :: 3¥b 5¥B $4.50 18% - _50 Westvaco Chlor Prod 380 18%' ' 4% 200 " 88 preferred Weston Elec Instrument— ■ C3Va Apr 24 50 - 1st 19% 14 *14 26% Westinghouse El & Mfg r 13% 14% ■[ ' 28 107% 107 *82 ¥2 117 *26 V4 •; 27% * 5,800 1 30 77 *116% 27% 107 61 61% ¥4 *26 27 V* 76 76% 117 *26 107 18% 19% 61% .15 14 ¥4 88:• 19 ¥4 61% *14 50 *82 ¥2 ' 76% 117 116% 106% *26% 76%' ; *116% 1941 821,103 434,000 Jan. 1 to Nov. 20 1942 17,345,283 1941 25,723,743 Bonds S. Government Foreign Railroad ; & $681,000-•' $61,000 ± Industrial Total— 2,919,000 40,499,200 $43,479,200 3,033,000 $6,248,550 $17,690,000 108,800.000 D 141.898,000 1,946,265,300 27,513,000- 1,684,638,000 $31,227,000 $2,061,313,850 $1,844,226,000 listed on Stocks and bonds —Bonds— 10 15 Indus¬ 14 . November 16-—. November 17 November 18 November 19 November 20— . . . . . Utili¬ trials Date— Rail* roads ties 116.24 115.70 28.27 28.00 Total 65 Stocks 10 10 First Indus¬ Grade Grade trials Rails Rails 44.44 39.14 106.49 92.93 14.28 Second 3,753,000 5,746,000 175,000 672,000 2,782,000 $3,677,000 Dow, Jones & Co.: 20 94,000 19,000 Averages the daily closing averages of representative stocks the New York Stock Exchange as compiled by 10 Total Utili¬ 40 ties Bonds ' 54.03 109.94 $3,029,000 $150,690,500 $211,803,000 120,000 — are 30 November $3,538,000 I— — - Total Stock and Bond Below Bonds -ti Foreign government Foreign corporate 90.85 38.90 106.59 92.92 53.92 109.93 114.53 27.75 14.04 38.49 106.60 92.71 53.40 109.76 90.62 114.64 27.80 13.85 39.49 106.58 92.61 53.15 109.79 90.53 114.55 27.74 13.89 '38.45 106.66 92.54 53.09 109.85 90.53 115.27 27.93 13.98 38.70 106.62 92.49 53.18 109.87 90.54 90.84 $3,298,000 $155,115,500 $220,331,000 Bond Record New York Stock Exchange «» FRIDAY WEEKLY - YEARLY - the "and are column headed "Interest The italic letters in the Interest Exchange Stock Period Nov. 20 Week Ended Sold Low Stock Period 20 Government S. 1947-1952 1944-1954 i—1946-1956 __1943-1947 1943-1945 _1944-1946 1946-1949 . Treasury 4s 3%s 3%s 3%s 3V4s 3%s___ 3Vas 3s____ Treasury Treasury <ry Trea ury Treasury Treasury Treasury 1949-1952 1946-1948 1951-1955 1955-1960 1945-1947 1948-1951 1951-1954 ._1956-1959 - Treasury 3s 2%s 2%s Treasury Treasury Treasury 2%s Treasury 2%s Treasury 23/4s 2%s__^ 2%s 2'/as 2'/2S—___ 2'/is 2yas 2Vis 2Vis 2yas 2%S___ 2V4s 2y4s___ 2%s Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury — Treasury ; Treasury 2s 2s Treasury 2s Treasury 2s Treasury 2s__ Federal — 110.8 101.29 104 *102.13 102.15 102.13 103.16 105.20 107.3 108.14 107.4 *107.2 series M A Costa Cuba 109.14 110.29 *110.18 110.20 Rica 107.4 108 109.5 110.28 4%s 107.29 110.17 109.17 109.17 *104.29 104.31 104.29 107.11 107.30 107.2 *108.25 108.27 108.15 Govt. Foreign 108.16 109.31 . A AGtd sink fund sink fund *109.15 109.17 108.16 104.21 coll 7s A 1945 7s series B. 1945 1945 1945 1957 J-J J-J J-J A-O AExternal sec s f 7s 2d series—1957 AExternal sec s f 7s 3rd series—1957 A-O (Dept) AAntioquia 4s AExternal s f AExternal s f 7s series C— AExternal s AExternal s f 7s series D 1st f 7s series external 5s 1958 Argentine (National Government) — S f external 4Vis.1948 S f conv loan 4Vis —1971 S f exti eonv loan 4s Feb 1972 S f extl conv loan 4s Apr_, 1972 Australia tCommonw'lth) 5s of '25-1955 External 5s of 1927 1957 External g 4Vis of 1928——. 1956 s . 1960 1952 53% 52 1945 1961 1944 1967 1968 F-A J-J J-J J-J M-N 1954 1942 J-J 5s - 2Vis— 3J/4s— 2'/4s—. 30-year 3s — 30-year 3s— A Carlsbad (City) 8s A Chile (Rep) External s f 7s 10-year 25-year 7-year 49% 1942 AExternal sinking fund 6s 1960 A 6s assented I960 AExtl sinking fund 6s Feb 1961 A 6s assented Feb 1961 ARy external s f 6s— Jan 1961 A 6s assented Jan 1961 AExtl sinking fund 6s Sep 1961 A 6s assented —Sep 1961 AExternal sinking fund 6s 1962 A 6s assented 1962 AExternal sinking fund 6s 1963 A6s assented 1963 A 7s assented — 1957 AChile Mortgage Bank 6Vis A6 Vis assented ASinking fund i 5Vis 1957 105.16 104.5 104.5 1st AEstonia 102 104.6 103.27 Finland 1961 A Guaranteed sink fund 1962 6s 1962 1960 1960 assented A 6s A Chilean Cons Munic A 7s 1961 sink fund 6s assented A 6s 7s 7s assented A Chinese Colombia 1951 (Hukuang Ry) 5s (Republic of)— A 6s of 1928 Oct 1961 A6s of 1927„ Jan 1961 3s external For s 1970 f $ bonds footnotes see page 1844, J-D A-O J-J A-O 72% — 71 59 V 61 71% 71% 63 73 % A-O 73% 73% 61% 73% A-O J-J J-J 17% 17% M-S J-D 80 80 >85 85 ,_1948 1967 7s__ extl 6s (Republic) 73% _„1945 70 65 ''17% 12 8 1 65 85 66 85 82 85 e% *8% 13% .1949 1949 100.5 5 100.4 101.5 100.20 A7s part 100.4 11 ___ Government— Greek 100.11 100.6 100.6 A6s part 100.2 100.22 Haiti 103.24 13% 1964 -*-1968 paid— paid 12 Helsingfors 15 14% 24 8 15 23 6% 14% 65 10 100.5 100 102.22 103.6 103.23 103.4 103.2 ,-1960 55 66% *60 63% 47% 62% M-N *80% 87 69 78 A-O 9% 10 64% 104.25 103.6 A-O A-O (Republic) s f 6s series A 1952 (City) extl 6%s —I960 Irish Free State extl s f 5s 104.20 103.8 104% 101.10 101.9 101.10 25 45 44 *~5 *4oya w 43 25 Vi (Colombia) AMedellin 44 32 V4 *43 43 , 44 1957 5% 10 6%s J-D J-D 1954 (Prov) 4s readjusted 1954 14% 14% 80 80% 80 8 21 Irrigation— 9% M-N -1943 stamped assented 15% 72 11 82% 5% 9% 98 Vi 106 62 104% ■ '104.23 A 32 Vi > 10 Vi '. 1945 1945 AAssenting 4s of 1904 1954 AAssenting 4s of 1910— 1945 §ATreasury 6s of 1913 assent—1933 14% 15 11 10 Vi 15 y4 14% 15 7 11 15 15% 15 15% 9 10% 15y2 15 15 15 1 10% 5s of 1899 10% (State)— external s f 6 Vis 151/4 ,—,— *5% 9% 5% — 158 12 11 12 5 5% 12 5% 10% 5% 12 29% 20 11 11% 240 12 y4 11% 12 y4 77 6 12% 16 16 16% 17 9% 17% i7y4 9% 7l% ' 151/a 4 Q-J Q-J J-D J-J J-J (US) extl 5s of 1899 £ Mexico Minas Geraes 15 Vi 15 7 14% 15 14% '• — — — ,-*> J. 15 A Sec (City) New 15 8 11 15 External s f 5s_ 40 7 18% 40 External f s 94 81 82% 92 '/ 88 95 13 94% 82% 71% 821/2 ; 75 106 74% 75 65% 18 75 74 76 44 38 76 74 75% 16 38 F-A ———1944 —1956 External sink fund 4'/4s_. —1965 4s sink fund extl loan 1963 Municipal Bank extl s f 5s 1970 F-A M-S A-O F-A 72 47 —1955 36% 72 ' ' ' 97% 97% 34 83 100 83 T 31% W — / ' 100 31 32% 22% mod 3V4s ext to 1994 Ext sec ref 3'/2s series B ,-1967 APernambuco (State of) 7s_——1947 APeru (Rep of) external 7s___—-1959 ANat loan extl s f 6s 1st ser__—1960 ANat Loan extl s f 6s 2d ser 1961 M-N M-N J-D M-S M-S M-S J-D A-O 1940 A-O APanama 34 32% 18 18% 34 32% 5 19% 34% 71'% ' 18% 31% 71% 2 37 711/8 1 36% 70 1 44 73 69 69 71% ;: 71% ' {APoland 65% — 46 66% V 56 13 56 67 67 44 57% 67 *44% — 68% 45% 6 59 43 68% i.- 21 101% 101% 106 100% 100 % 3 7%s—1952 —1947 98% 100% 10 101% 102 97% 97% 97% 97% 8% • 8% 20'/a 20% ' .+-r~ * 93% 93% 98 11 5- 6 15% 18% 19 20% ' 20% 18% *20 18% 18% 33 19 — 13 13 A7s 21 35 12% 18% 19% 13% — 18% ~3 12% 15% 23 13% 19% 14% 18% 18% 21 13% 20% 1 15% 18% 18% *20% 18% -- 13 18% 19% 13% 20% 36 18% 13 __ -A- 13 *19 17% —— 13% 12% *19 17% — *19 17%" 15 1 ■ 18% 13 17 18 13 17% 19 17% 1 123/4 18 19 1 14% 19 17% 17% 6 16% 17% 18% 17% 19 19 12% 17% 16% _4 •*.*, — *13% — — 13 18 14 * 16% 17% 11% 17 12 15% extl dollar loan s t 7s 52 99% 78 ~5 53 * 78 71% 78 51 51% 78 74% 75 8 50% 75 50 70 71% 74% *— 80 52 52 52 52 38% 39% * 68 106 series B sec Silesia extl—; (Prov of) extl 7s A4Vis assented 1955 Sydney (City) s f 5%s AUruguay (Republic) extl AExternal sink fund 6s External 3%-4%-4 A 12 393/4 52 1 373/4 52 128 29% 39% (City) A4 Vis assented F-A F-A M-N M-N 1979 1979 M-N M-N coflV—i'Dt 3%s extl readjustment AWarsaw , 1940 1937)— cmiYersion extl J-D external 7s 1978 1984 1958 1958 F-A J-J F-A F-A 14% 12% 13% 8 8% 12% 12% 15 7% 15% 12 % 12% 162 7 15% 12% 12'/a 12% 28 7% 15% 12 12 1 10% 13 7 13% 13 12 7% 12 13 ' *13% 14 13% 11% 16 14 12 V* 14 23 12% 11% 13% 33 11% *15 - 5% 7% 17 11% 14 ~3 5% 13% 9% 15% 16% 8% 16 31 14% 14% 31 31 3 10J/a 81 31 83 5 50% 83 10 16% 15% 16% 18 13% 14% 78 8% 14% 17% 17% 7 10% 18% 16 14% 16 22 8% 16 y4 16% 15% 16% 12 9y4 16% 16% 6 10% 16% 62% 71 16% 16% *69% 70 17% 1 11% 18% 16% 16% 11 11 16% 42% 42% 5 32 42% 26% 32 17% 42% 31 *30 15 32 25 32% 30% 30% 11 31% 51 20% 31 y4 62% 62% 2 54 y4 66 33 4% 11 4 V2 10% 9% 9% 11 ioy2 *9 77 9% ' 25 4>/2 13 '/a 9 J-D 1960 1964 8s AExternal sink fund 6s 33/48-4-4%s ($ bonds of External readjustment M-N M-N 69 101% 104 12% J-J 1962 1962 1958 ——1958 secured external A 7s 65 57% 70 68 *104 69% 65 57% 21 69% 27% 64% 64 M-S J-J A-O Slovenes (Kingdom)— A 8s 4-4%-4%s extl readjustment 38% M-S M-N M-N J-J 1956. 1968 1940 Serbs Croats & A A-O J-D M-N J-D 1950 extl water loan 5 A Secured 19% , external A 6s 18% A-O F-A 1964 1952 -1957 -1936 A 7s 19% 20% Paulo A 8s ( M-N F-A 1967 municipal loan A6%s extl 20 — loan of 1926 external sink fund 4s (City of Brazil) 8s secured s f jASan Paulo (State) 8s ASao 20 18% * 19% *20 gold Santa Fe 20% J-J 1946 1968 —1966 1921 extl loan of external sink fund A7s external 19% 1 *20 18% — 86 83% 100 99% *98 Sul (State of)— A 8s 20% • 1946 1953 8s (City of) 6Vis A 6s 9 ' —- sec Rio Grande do 98% 22 de Janeiro AExtl 98% 100% a ■fr ARio 97% 102 8 100% 100% —- J-J J-D —1966 (City of Greater) Queensland (State) extl 6s APrague 100% 102% 100 y4 .1961 (City of) 8s AExternal loan 7Vis 103% 107% 101% — APorto Alegre 49% 106% 107% A-O A-O A-O J-J 1958 A Stabilization loan s f 7s1947 A4%s assented— —1968 < AExternal sink fund gold 8s 1950 A4%s assented 1963 66% 67 66 67% — 1963 (Rep of) gold 6s A4Vis assented 66% 66% 83% 48 84 ' *70 65% extl s f 5s ser A.1963 (Rep) AStamped assented 5s— Stamp 36% 31 34% 32 >/8 31% A*.— (City) sink fund 4%s 100 ' *99% 100 34% 44 1 78% 99% 100 J-D , Oslo 83 *98% 100 ' «•*»' 6s 86 80 2 81% 77% 100 A-O External 75 70 . *77% F-A A-O 1943 6s— 10% 13 16% — *80 76i/a 69% v External sink fund 4ya3 75 65 74% 75 1957 1958 5s Norway external 94% 16% *83% (State)— South Wales 14% __ —-—1952 1959 7s series A—.— A 6s M-S M-S J-D M-N 1958 1959 f 6 Vis ASec external s AMontevideo 37% 1 J-D M-S of dep ctfs 8s Republic 7s stampedunstamped— 100.9 100.10 104 J-D A-O M-N M-N M-S *71 104.24 ' A Guaranteed 72% 72% 1969 (Republic of) Mendoza J-D 73% ,_1969 series Salvador AE1 104.27 101 A-O J-D A-O 50 63 71% 5Vis 2d series 101.9 *101.7 M-N M-N 54% 22% A-O MS .AJugoslavia (State Mtge Bk) 7s M-S A-O A-O A-O 1940 1961 Customs Admin 5yas 2d series 100.22 103.6 J-J J-J M-S 58 26% 101.17 *103.6 F-A F-A 1961 _1962 series sink fund 5yas 103.14 *103.3 M-N A-O 1961 6%s A6%s assented 4'/as External gold 101.21 " M-N 54% 105.21 100.5 ■ 29 53 50 104.6 103.27 *103.13 103.15 \ 64 58 54% 46 M-S 100.24 *100.2 M-N 30-yr 4s 29% 20 55 58 F-A 103.14 100.5 A-O (Dom of) Canada 15 20 29% *30 A-C 105.8 *100.8 A-O M-N J-J 111 29% J-J 100.4 *100.11 100.13 M-S F-A *108 102% 115 1955 5%s §A2d *104.4 M-3 100% 107 1942 gold French J-D M-3 F-A J-D 83 68% 77 77% 75 *104 J-D §Alst series 5%s of 1926____.,__1940 *104.3 A-O A-O (Central Ry) • 1952 Brisbane (City) s f 5s ——1957 Sinking fund gold 5s . 1958 Sinking fund gold 6s 1950 Buenos Aires (Province of)—• A 6s stamped — 1961 External s f 4Va-4%s -1977 Refunding s f 4y4-4ViS— 1976 External readj 43/a-4s/8S 1976 External s f 4Vi-43/4s .—1975 3% external s f $ bonds. 1984 1945 103% 100 *102% 75% J-J SADomlnican Rep Cust Ad 5%s_^_1942 101.9 M-N .1957 1957 1953 99 102% 102% *102% F-A J-D 107.2 *101.7 J-D A 7s 1949 .__1977 : 18% y2 101 12% 101 101 M-S F-A 106.23 *105.6 J-J J-D AExternal s f 6Vis of 1927 1944 _1949 A-O External ! *101.7 J-J M-S 1941 5s of 1904 5%s 100 12 *104.28 104.30 M-S SABrazil (U S of) external 8s AExternal s f 6Vis of 1926 17% 107.7 102.18 4 100.13 101.18 100.24 101.3 F-A A-O 1955 1955 f 6s— External s f 7s 17% 103.6 103.7 *103.5 100.13 100.24 M-N M-N -1949 Belgium external 6Vis—— External , 17% 106 *103.21 103.23 J-D AAntwerp (City) M-N 105.24 106.4 106.4 *106.14 106.16 A-O 45% 1951 106.17 *106.29 106.31 M-S J-J (King of Norway) Akershus 17% 105.25 106.4 — 31 A-O 110.18 104.17 104.19 F-A A-O 1947 1948 1968 49 % 45 y4 43% 7s debt wks A Assenting __ isy4 40 *30 1952 A4%s 6s 30 49% 36 41% SADenmark 20-year extl 6s__ (Colombia)— 6s AGtd 31 25% 45% ASinking fund 8s series B Municipal Agricultural Mtge Bank 29% 25% ' *30 Czechoslovakia (Rep of) 8s ser A.1951 City & High 109.25 *108.29 108.31 J-D Low 25% 43 4'%s- external A Public 108.31 108.4 *108.2 M-N J-D —-—1980 1 January No. *30 A-O M-N F-A J-D M-N Sinking fund 5%s 106.9 *107.12 107.14 Issue— Corporate Stock 3% loan External 110.11 109.17 (Rep of) (Republic of) Mexican York New Transit Unification Range Since Sold High 1947 _„1946 1947 .1952 1953 External 5s of 1914 series A_ - *106.22 106.24 *110.8 h- 3 M-N 1944-1952 —1945-1947 series A Bonds Friday's 104.20 103.19 103.19 Loan Corp— Home Owners' 1 Vis 108.30 *101.21 101.23 M-S J-D J-J M-S J-D MS J-D J-D ___1944-1964 -1944-1949 3s 108.27 *108.24 108.26 Mortgage Corp— Farm 3 Vis 3s J-D J-D J-D M-S J-D M-S M-S M-S J-D M-S J-D J-J J-D J-D 1948-195Q 1948-1950 1949-1951 1949-1951 1949-1951 —1950-1952 1951-1955 1953-1955 Treasury 2s 106.14 Mtge Bank 6%s_ ASinking fund 7s of 1926 ASinking fund 7s of 1927 Copenhagen (City) 5s 25-year gold 4%s_; 116.2 106.12 13 106.12 106.14 or Low 114.14 *114.12 114.14 M-S 1958-1963 1960-1965 1945 _____1948 1949-1953 1950-1952 1952-1954 .1956-1958 ——1962-1967 __^1967-1972 —1951-1953 1952-1955 1954-1956 1947 Mar 15 -Dec 15 Jun 15 Sept 15 Dec. 15, 2s 2s.. Treasury 2s Treasury Treasury Treasury A-O J-D M-S J-D A-0 A-O J-D J-D J-D MS MS M-S M-S J-D , Week's Range Last Sale Price Bid & Asked High AColombla U. Treasury 4%s Interest Exchange Week Ended Nov, 1 January No. High New York Range Since Bonds Last Low Friday BONDS Week's Range or Friday's Sale Price Bid & Asked Friday BONDS New York i of Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions in the week in which they occur. No account is taken of such sales in computing the range for the year. Period" indicate in each case the month when the bonds mature. Interest"—except for income and defaulted bonds. week, and when outside of the regular weekly range are shown in a footnote NOTICE—Prices Trej "Monday, November 23, 1942 CHRONICLE THE COMMERCIAL & FINANCIAL 1840 77 77 77 87 4% 1 40% 77 1 80 — 60% 61 26 *53' 77 58 61% 61% 51 9 9 9 9% 77 71% 74% 4 53% 61 51% 59 58 "*47% 71% 73 *76 *76 7% 9% 77 57% 51% 58 54 61% 41% 47 5 4% 9 17 3% 9% 4 «... Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 156- 1841 NEW YORK BOND RECORD BONDS New York Stock ' 20 Interest Last Period Exchange Ended Nov. Week Week's Range Friday Sale Price or BONDS Bonds Range Since Sold Friday's January 1 Bid & Asked Low No. -High Low series AStamped —.——— 1953 Adams Express coll tr gold 4s—.—1948 Coll trust 4s of 1907—— —1947 10-year deb 4Vis stamped Gt Ala 1st 1st Southern Alabama 1st Power 1946 A Period J-D 70 J-D 65% 70 49 Vi 44% 49'/2 M-S *101 J-D *101'/a 103 F-A 72% 62% 103 Va 102 104 103 *106% 107 _1972 J-J Gen Corp Adir A Cent 104% 106% 3%s mtge — 4s— 5s w w 1st gtd gold 4s __1931 Corp 3Vis debs Branch U F-A A 1st mtge 5s § A Consol gold 5s , M-N 63 A Ref & gen 5 Vis series assented.—___1948 Albany & Susquehanna RR 3%s_—1946 3 %s registered —1946 Alleghany Corp— 5s modified : ————,.-1944 A Ref & gen 5s series C 92% F-A 90 113 71% 71% 73% 139 63 Div pur money gold 4s__1951 AMobile Div 1st gold 5s——1946 76% A-O 59 58% 60 27 51 64 A-O 51% 50% 52 88 — income AChatt ' 89% J-D ——1950 ——1950 modified— A 5s 94% -—1949 - modified-- 5s Alleghany & West 1st gtd 4s —1998 89% 41 68 Illinois Central Allied Stores Corp 4%s debs——1951 Mfg conv 4s__—1952 Foreign Pow deb 5s 2030 & Am Amer I G Chem Internat Am 5%s conv Corp 1949 : 5s | registered A General 5%S—1949 conv F-A 102 106% M-S 102 106% 106% 74 102% 74 Telegraph Co.— debentures—————-—1961 3Vis debentures 3s Tobacco *17% 20% A-O *1107% 73 24 18 18% 28 13% 22 16% 16% 18% 53 14 20 16% 16% 16% 16 12% J-J Central Pacific 1st ref gtd gold 4s_1949 100% 101 12 108 107% 108% 48 1057/e 108% Through Short L 1st gtd 4s„ 109 J-J A-O 74 93 § A Central RR & Bank'g of Ga 5s__1942 M-N 86 85 86 22 78 95 % 1948 M-S 91% 93 20 80 7/8 94 101% Champion Prod 5 Vis A____ Paper & Fibre— S f deb 4%s (1935 issue)__^___1950 M-S *104 & 104% 105% S f deb 4%s (1938 issue)__„™1950 M-S *102 102% 104 101% J-J *106 M-N 94% , 106% 94% 103% 106% 36 97% C series (Del)_1957 M-S 104 M-S M-N 53 Ref & 697/s Ref & impt M 3Vis series E«_^_1996 impt mtge 3%s D Potts Creek Br 1st 4s 99 % 101 104 104% 55 100% 106% 104 / 104% V ^_1992 ^__1996 34 60 '/a *100% F-A J-J Chesapeake & Ohito Ry— General gold 4%s 108 87 28 100% 106 % R & A Div 1st 2d consol ..1946 Topeka & Santa Fe— />' / General 4s—■ •—------1995 A-O lllVi Adjustment gold 4s—;———1995 Nov 111% 111% 93% M-N 92% 1905————1955 of 1910— 1st 4s_——1958 ref 4V2S A— 1962 gold 5s——1946 J-D 49 106% 112 Illinois division 37/2s : General & coll N 4%s A——,_1964 unified 10-year coll 4s„—July 1952 cons tr 5s— gold 4s May 11945 96 3Vis 25 101 105 104 % 104% 39 101 105% 101% 101% J-J *106 *118% 119% *114 A-O 23%, "7 / 111% 112 J-D 110% 112% 109% 112% *1097/8 111 109 J-D V. 85% 62% J-J 1st 74 87% 57% 66% 14 947/a 10211 72% 75% 104 63% 33% 32% 11 30% 40 28% 28% 29% 6 3 Ref Dec due———1995 (int at 1% to ;■ Sep 1 1946) due 2000 Ref & gen ser F (int at 1% to Sep 1 1946) due —__1996 AConv due—-, *—Feb 1 1960 — > > 105% 5 102 A-O 56 55% ; '148 57 A-O 57% 57% J-D 28 27 7/a J-D 32 30% inc 195 28 27% 27% 28%. 27% 27 28% F-A 22% 21% 23 229 18% 45 > 54% 38 28 36 J-J 30% 29'A 30% 47 26'A 34 7% 7% 63 67/a -May 1966 J-J 7'A 7% 8 7'A 11 Chicago Ind & Sou 50-year 4s—___1956 J-J 68 68 68 7/a 16 56% 70 fChicago Milwaukee & St Paul— AGen 4s series A——May 1 1989 112 33% 51% 7 & gen 6s series B 34% 7%: J-J 41% 40'A 41% J-J 38% 37% 38% J-J 42% 41'/2 42% series May 1 1989 C>_ 10% 32% 48% 47 34 53 19 '• 34 53 % 4Vis series E_—-May 1 1989 J-J 42% 41 42% 4%s series ——May 1 1989 J-J 42'%" 41 42'/a 23 34% 53 19 43 53% 157 24% 91 //\ 43% ; 58 j-j 57% 58% gtd 3s__1989 1951 • 58 Vi •; 5 39% 24% 39 ;■>•'' 35 49 J-D 100 20 2 11 99% 100 -1956 A-O 98% A-O 104% : 98 98% 5 104% 41 104% 104% 2 102% 105% F-A 100% 101 98'A 103% A 103% 104 21 10 ■: 96% 98% 103 . 1955 M-N 1955 1966 1950 1VM 74 F-A *70 J-J 72% M-N 39% • 72 75% 74 247/a 25 F-A .*•. 14 23 107 53 ■ 98% 98% 98% ■A 3 F-A *114% 113 series C—-1967 Buffalo Rochester & Pgh Ry— Stamped modified (interest at J-D ?U0% 72% 88% 105 JBurlington Cedar Rap & Nor— § A 1st & coll 5s —„—-1934 ACertificates of deposit-—— A-O Bush Terminal 1st 4s——-—1952 A-O 11 11 2 32% 5% 41% 13 107/s 10% 107/B 30 81 81 81 10 78 > 83 7/a 60 60% 31 53 6 70 " 80 A-O 80 Vi 10 22% 40 26 42% 27 14% 26% J-D 21'% 21 21% 36 13% 25%, May 1 2037 J-D 21% 21 22 33 14'/a 25% 273 1% C 1949 .1962 J-J 1969 807% A-O .1957 J-J 79% 51 81 . 81% com 107% 109 % ' F-A .1955 112 .1956 ; .1951 ' J-J — 70% J-J .1946 M-S .1944 100 J-J .1954 • J-D 107% 112% 6 108 112 105 110% *108% 103 * M-S .1946 — 1037/8 109 Vi 8 107% 108 *111 Va 111% 69% 61 21 99% 100 105% 105% 89% 3 94% 88% 103% 108 108 Vi 111% 70% 94 109% 1 112. 110% 110% F-A 85 104 104% 108 Vi 1 112 112 J-D 78 108% 16 i 107% 108 A-O .1970 4Vis___ ' —- 107% 5 62 72% 89% 100 103 105 7/a .1960 1844. J-J ' 18 M-N & C Series D 20'A & 37/8 71 s & St Louis 56 67 35 4% 59% 18% 20'A 349 4% 6 34 107 71% 34% 18 788 67 9% 10'A 1% 68 19% 21% 5% 80 — 56 47 65% 67% 69 50% 50% 8 107% 61 56% 59 68 45% 54 43% 107% 107 100%* 1007% 101% J-J 97 /:/ M-S 97 45. . . Line 92% 97% ..94% 99% 37 36 50 38% 49% 17 30% 98 44 43% 39 38% 40 28 Vi 28% Term > 'U >> ,,.*111% 28% 106% 1097/a '-,:/ 109% 111 1097/8110 — 108 Va 110% *111% — v/'.y > *99% , J-J , 3 12 *109% 110 yv m-N F-A —1993 J-D —1993 A- J-D / 71 . 110 112 99 99% 20 65 76 85 86 42% 53% : J-J V . 85% 47% 79. 47% 36 65 46% 48% 46 / 65 J-J 71% *78 M-N 1948 1950 71 '/ 47% J-J 65 52% 64 74% 104% 108% . *106 108 108 F-A *105% 107% 105 105 J-J gtd 4%s——1961 *105 F-A _1981 *105 105 108 / A-O 63% 72% 77%, 78% 19 75% 84 67% 68 56 63 7/a 71 Va 60% 61% 32 58% 66% .100! A 100 u 85% 86% _5 A-O gtd——_——1973 A-O 67% —^..1977 A-O 61 ——1945 J-D *103% 5s^——..1943 F-A 24% 168 ——1970 mtge_ A-O - 83% 72% 10 1972 AColo & South 4%s series A——-—1980 / > 44 5 30 106% 107% 106% M-N —1977 gtd 5%s f 5s series B . 46 A-O M-N . 69'A 102% > 97% Ry— series B— 1st 9 41 47 A-O f 105% 108 7/a 97Vi 1952 E_/_——1977 Div 1st 4s—-—1991 ref 4%s income 207 " 187/« -1957 Colo Fuel & Iron gen s f 5s 40 *41% 1952 Pittsburgh RR— 3%s gtd ; 3%s gtd Union 35 J-J J-J : 1st coll tr gold 4s——1990 —1970 Cleve Short '■■ 18% 4 J-D /: J-D ———1943 General 4Vis series A Gen 32% — 17 VA 71/-/' :J-D .—1962 5s Wab & M M-N 24 : * 23% 103'% 103% 100U 103'A 79% 10 89 15 28 237% 24 ' ACertificates Columbia G E & Debenture of deposit———— deb 5s_. 5s__ Columbus & H V 1st extl gold 4s__1948 Columbus !& Sou Ohio El 1st & Tol Income deb extl 3'/tS 4s 237/e . May 1952 M-N , - J-J • 89% , 84% 102 46 927/b 92% 92% 1 88 89% 96 *109 A-O 5 24 91% 91% A-O —1961 Columbus A Commercial ' —Apr 15 1952 Debenture 5s 113 1970 M-S F-A 102 78% 101 Vi 109 109 106 . f109Vi 109% —1955 85 • 109'% *111'% Mackay Corp— w w_ 21 53 52% 82 1968 J-D 110% 110% 110% 15 108% 111% 1958 J-J 108 % 108% 108% 27 106 —Apr 1 1969 May 52% 52 Commonwealth Edison Co— 81% 95% 1st 77 90 Conv ' page 187/a A-O M-S 1963 1963 ■;; 4s 1st s f 4Vis series C Coal River Ry 1st gtd 4s_. 106 34 ' • 30% >:* ■ ; 59% 32 J-J >; 3%; *52% deposit——^ , 10 108% 108 7/a 3 -, Station— Chic & Series 1st 108% F-A 3% stpd 5s 3%s series E—— Gas Cleveland Cleve A-O v M-N 1927 1st Cleveland Elec Ilium 3s > 35% 36% 32 Ref &'impt 4Vis series 12% 22% 23 23% General 5s series B 63'A J-J 5% 32 50 40'A mtge 3%s Cin 35 32'A 32% 32 J-D St L Div 151 34% 23 31% 22 '"/.General gold 4s— 114% 14 : 35 34 39% deb 5s— Cleve Cin 32 32% 22% 25 32 J-D 88% 50 31% F-A ■ v 32% 32% 31 /; 32'% M-S Co 22 32% 22 gold 4s— Union 32'A 30% 31 Vi M-N M-N Elec 3Vis——1966 110% 110 Vi M-N *— v 31% M-N ,———1967 Cin Union Term 1st gtd 3Vis D_—1971 i 1st mtge gtd 3%s series E 1969 Clearfield & Mahoning Ry 5s—^—1943 100% 106 M-N 1969 34% 1st 5s_—1960 Debenture 1st 98% 108 ■ 14 5s_„_. 20% guaranteed 5s_——Dec 1 1960 Cincinnati 100% 100% 104 % 104% *104% 105 M-N 82% .1966 35 40% t A Choctaw Ok & Gulf cons 5s 109% *100% 104% M-N ■' 277A 82% Power 4s_— 31% n- M-N mtge 3'/bS series F Childs 76 82% —1960 5 % 30% 307/8 M-N part paid Income 1st 43% 2 109'A 109% M-N 66% 29% J-D gtd 1% J-D 1st & ref 47/48 series D 75'/a 18 39% gold 5s 1950 1st lien & ref 5s series B———1957 Buffalo Gen Elec 4Vis B —1981 —_—1955 691 92 198 ,73 38% 4Vis Railways Chic & West Indiana 79 85% *92'A A-O . 4% —May 1 2037 stpd ACertificates of 102% gold 4%s series JJ 1961 mtge 4s series RR—-—. 1960 mtge 4Vis ser A July 1970 ref Chicago 103% 101 1st & 1st mtge *102% M ref 4Vis Chic T H & Southeastern 105 *103% 104 1st & 98% 102 101 >-*76 due—.———1957 37/8 May 1 2037 gold 5s 1934 § ASecured 4Vis series A —-1952 AConv gold 4Vis — 1960 Chicago St L & New Orleans 5s—;_1951 '/ Gold 3 Vis :—1951 Memphis Div 1st gold 4s——1951 102% 105% J-J 104 ref § ARefunding 100 M-S Niag Elec 3 Vis 4% M-N } A Chic R I & Pac Ry gen 4s 1988 ACertificates of deposit— ' F-A Debenture 8% >">; 127% 130% J-D Bklyn Union Gas 1st cons gold 5s_1945 1st lien & ref 6s series A —1947 1,067 M-N 1936 & 25 % 104% 108 7/8 ; 1944 fABoston & N Y Air L 1st 4s Bklyn Edison cons M 3'As Bklyn Union El 1st gold 5s 18% M-N : 1987 1987 AConv 4%s series A 60% —1950 AInc 16% M-N inc tax——1987 6%s A 1st A 1st 83%' 1st 5s A C—.—1967 5s series II stpd Fed stpd Fed inc tax stamped A4 % s V- 48 727/s v. %_>■:>'. *104% 104% debs— —1952 series F— 1959 Consol mtge 3s series G 1960 Consol mtge 3'As series H—1965 Big Sandy 1st mtge 4s Blaw Knox 1st mtge 3'/2s— 5s 61 48 45 A-O 104% 105 debentures— 4%s AGen 95% 100 < , J-D" 129% 129% Consol mtge 3'As 18'A A-O registered—_——-—-t1987 AStpd 4s n p Fed inc tax——1987 }§AChicago 10 : A-O Beth Steel 3Vis conv F-A 3%s—— 1987 3Vis registered—-1987 A 1st 1951 see ; 4%s AMtge gold 5s series A———i—1975 AConv adjustment 5s_.—Jan 1 2000 J-J footnotes M-N AGen 48% J-J For *33 , gold 3'/aS series B„May 1 1989 § A Secured 100 cons gold 45 30% 50 42% 100 3Vis 1943 Beneficial Indus Loan 2'As—-1950 Guaranteed 33 33 33 AGen Telep of Pa 5s series B —1948 ref 5s series C— —-I960 gold 38 %: 34% 116% 123 39% 627/a M-S 58 1st & Guaranteed 68% 65% 31% .. M-S 100 1st gold 3%s California-Oregon 61% 4s—^„—1987 j-j stamped— Term Bldgs 5s 45 21% *118 J-J 4s J-J Battle Creek & Sturgis 1st Bush 66 AGeneral ———1951 5s— 65 Vi 44Vi ' 32% 1st 5s__i-1943 ref 4s— Consolidated M-N gold 77 1946) 1982 AGeneral 43% to 80 128 ^Chicago & North Western Ry— 43 3% 71 75% 33 39y4 j-j Buffalo 37 74% 65% 1959 Toledo Cin Div ref 4s A— 1st 72% 33 106 52% 116 & Maine 63% 32 24% 37% Boston 56 32 54% 36% 2%s 66'A 74% 165 37%"' Del 65% F-A 29% j-j Belvidere 65% J-J 58% 49 Bell 83% 1997 (conv) inc 81 48 4s 94% 737a JChic Milw St Paul & Pac RR— 43% Beech Creek extl 97% 88 36 AGen M-N Con .-1971 A__, series 90 81% AGen Pgh L E & W Va System— Ref gold 4s extended to 1951 S'west Div 1st M (int at 3%% to Jan 1 1947) due—-—1950 Bangor & Aroostock RR 97'A 26 J-J Ref & gen ser D \ 93% *95 • J-J (int at 1'%% C 1946) 81% 97% AGen (int at 1% to due 1995 ser 1 94% 94% 97 / 97'% J-J ser A & gen to 85 80% mtge 4%s——2038 RR— 1946) 50 Refunding gold 5s series B—1947 ARefunding 4s series G 1947 A 1st & gen 5s series A ——1966 95 % 100% Stamped modified bonds— 1st mtge gold (int at 4% to Oct 1 1946) due—July 1948 1 947/a F-A A 25% 105 5s mtge AGen 77% 33% mtge gold 4s——July 1948 & gen 25 94 94'% 80'% JAChic Ind & Louisville ref 6s A—1947 B Dec 13 A 1st 737/8 M-S Ref 114% 437 M-S Chicago Gt West 1st 4s series A_„1988 50 99% 100 ref & Chicago & Erie 1st gold 5s M-N Atlantic Refining deb 3s——1953 1st 114 24% Chicago & Eastern 111 RR— 104 % J-J J-J Ohio 117% 121% — d23% —_ 1958 101 1952 V ——_ 100 % 103% 92 102A J-J —————1949 registered— AGen 64 / 102 a 1949 — 1st & ref 4Vis series B_„——1977 109 86 62% :102 A M-N 4s 12 102% 102% 85% Division "l ,,103% 103% M-S Atl Gulf & W I SS coll tr 5s—1959 & — *93 , -—-,—1949 General 4s_— 97% 101% 73 ,112% 112% M-S 4s 1 • J-J Baltimore 100% 104% J-J registered——.—..——,.—1949 Illinois > 104% 4s———— _1948 mortgage 95 87% 1948 —Oct Atlantic & Danville Ry 1st 4sv._ Second 88% 11 104% J-J 1st 2 92% 104 J-J Coast 93% 92% 104% J-D 30-year 5s series B——1944 1st 93% ■ J-D 1st 4V2S A——1944 Atlantic L 1960 130% 100% 104 11 Chicago Burlington & Quincy RR— Stamped 1909————1955 126 41 J-J ———1989 9 102% 103% 103% 102 , —--——1995 129% 129% 163'%, J-J-v gold 4s™^1989 cons gold 4s 129'% F-A AChicago & Alton RR ref 3s———1949 Atchison Charl A L 83% 109% Memphis Ry Bdge & Term 5s 1964 (Del) 4s B———1955 & 58% 100 Armour & Co Atl 75 49 54%' 106 8 1st 62 109 F-A 105% 108% 27 1st & 19 56 A-O gold 124 53 Cal-Ariz 75 53% 1954 5s-_———..I960 Guaranteed 101% 104'% 237 62 Trans-Con Short L 82% 106% 107% 61% Atl Knox & Nor 82% lOO'/s 101'% 52 Conv 4s of 68 109% 107% 107% Q-J Conv gold 4s 66 14 107 107% Jan gold 4s of "9 108% 109 % 82% 19% 13% 101 Anglo-Chilean Nitrate deb—'——1967 4s„„ 19 Certain-teed M-N fAnn Arbor 1st gold 4s————1995 Conv . *15 F-A 75% - —_ 105% 108% 59% 110% 112% 75 62% 72 18% 121 Y 20% 73 >—A A—v,_1987 registered 11 J-J 1987 . 8% 28 j-j —-1987 4s 8% '15% 107 Wks & Elec 6s series A„_1975 4s 33 A-O Wat sink fund .1966 *24 3 M-S Type Founders conv deb——1950 1st 26 1956 Am Ark & 7'/a 26 Am A 6% 3s———1962 deb Co 6% 3 J-D debentures——— conv Amer -1966 20 A-O 49 24% 356 67/e Power 3%s_-1962 90 76 10% 23% N 75 36 45% 6'% Central 103% 104 23 77 69 227% 100% 104% 103% 34 64% 6% V . American Telephone & 3 Vis Light 3 Vis— ' 23% , M-S 55 99% 100% 93% 100 J-J New Eng 1st gtd 4s——-.~1961 JACentral of N J gen gold 5s_ __1987 4s Allis-Chalmers 42% J-D tACent 59 60 >65',4 A-0 92 78 5 58 98% A-O ' —i959 5s 477% 477/B 98 'A A-O B-—„.._1959 63 81% 60% 106% 108% 100% 100'% 69 1945 A, F-A 54 85 High 47 103 *25 1945 55 947/a Low 23 99% 103 477% J-D _™„_Nov 63 94 No. 2 98% 63 94ya 61 100'% *60 *92% Range Since January 1 Sold 108% 108% 103 j-j *60 A-O Bonds ^Central of Georgia Ry— 103 7/a A-O *— ' J-D A- O warrants ' 1947 A-O with 6s Friday's High 108'% gold 4s—1948 1st P — . —.——1962 w 1948 Albany Perfor Wrap Pap 6s or M-N Celanese 106 Va *104% *103'/a 104 1950 Ohio & Celotex Corp deb 4%s w 104% 104% J-D J-D M-S Cart & 98 % 101'/a 5s___1943 J-J ,.1965 Clinch Carriers & 100% 1017% ' Week's Range Last Sale Price Bid & Asked Low }§ACarolina Central 1st gtd 4s—1949 ——1943 cons series B 4s cons Interest 20 Carolina unstamped™..->.1953 A Friday Exchange High tAbitibi Power & Paper—§A5s Stock Week Ended Nov. Industrial Companies Railroad and York New mtge 3Vis series I debs 3%s 109% Monday, November 23, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1842 NEW YORK BOND RECORD Friday BONDS Last Interest Period Stock Exchange Week Ended Nov. 20 New York or or Period Low Range Since Bonds Friday's Low No. High Illinois Central RR—(Continued) & Conn Eiv 1st 4s Pasump ref 4'/2S Stamped gtd 4V2S Conn River Power s f 3%s A Consolidated Edison of New York Ry & L 1st & Conn —1943 1951 1951 1961 3'/2S debentures *109% *110% 102% 103% A-O A-O .1956 104% 106 % J-J 102% 104% 70 104 , 103 26 105 % 108 103% 104'% 35 101% 105% , J-J 32 1955 J-J 32 11 32 J-J 37 Joint 80 4 3714 98 1st & ref 4lis series C III Cent and Chic St L & N O— 1st Ind 111 Power Co— Consumers M-N 110% 110% 1 111% 111% 11 ,108% 111% 108% 108% 5 107% 109% ■ *109 y4110 M-N 32 40 % 40% 33% J-J 34% J-D *37 3214 95% 35% 25% 38% 2 23% 3314 / 30% 38 Ref sink fund ,1st 33% 86% 24 95%: 95% ' 83 58% 60 57 57% 53 59 *40 44% 40 46% *42 46% 39% 49% *45 % f 56% 50 43 54 95 79 79 64 Va 64% 56 66 48% 47% 49% 137 40% 52% J-D 43 43 44% 52 37% 47% 81 81 1 66% 82% 22% 23 22 19% 27% 1.1950 A J-J J-J 1st 5s B —1972 ! 23 99% 10214 *101% 103 103% 103% A-0 J-J 26% 28% 219 5% 6% 99% 104 16 217 28% 5% *" A-0 1% 85 27% 25% 27% 110 35% 37 73 39 104% 105% 4 104% 105 28 102% 105 33 ,102% 103% 28 11% 21% 27% 36% 6% 11 25 10312 29% 11% 27% J-J J-J A-0 J-J M-S 1947 102% 105 % 11 105% 105 105 A-O " A-O * 108% 108'% *108% 110 M-S v" 1955 96 85 2 90% 91% F-A 91 91 91 11 58% 60 223 36% 60% 63% 62% 64 211 38% 64 4s„>2-1951 J-J F-A M-S 59% 141 % 1st 4s .—1959 Laughlin Steel 3145——1961 J-D J-J 1st gtd gold 4s—1990 A-0 4s_1936 A-0 ref lien 6%s Debentures 5s„-_ M-N 1955 —; 1st & ref JAIowa Cent Ry " 4%s_„1952 Telep & Teleg deb gold Int 49 71 >1963 6s series Int Rys Cent Amer 23% 33 94% • 40% 28 - 39 *31 •>; A-0 30 7 59 38% J-D ^Adjustment 6s series A"—July 1952 A 1st 5s series B,' 2—>1956 A 1st gold'5s series C 1956 Internat Hydro El deb 6s 2—:>1944 Internat Paper 5s series A & B_—1947 33% 23% 10. 32% , 37 % 21 „ 39 *37 J-D 98 26 3 31% receipts 5s.gold— _.1952 A Deposit receipts , A7%s series A extended to 1946 A Deposit receipts A6s series B extended to 1946 ADeposit receipts— — — Curtis Publishing Co 3s deb __1955 A Deposit 35 90% 20 34% J-D ACuba RR 1st 98 96 96 J-D 99% 101 >/2 3 101% 101% A-0 109 106 48% 125 *56 57 J-J "F-A Ind 108% 110% M-N M-N 57 44% . 1st gold 4s.._ & Iowa 57% 42% *81 .—1963 A. ref 5s'series tAlnd & Louisville 1st gtd 4s_——1956 Union Ry 3%s series B_—j—l_1986 Inland Steel 1st mtge 3s series Fi-1961 Inspiration Cons Copper 4S_ "1 1952 Interlake Iron conv deb 4s >>—1947 ?AInter-Great Nor 1st 6s series A.1952 110% 107 58 109% 109% M-N 1965 1st mtge 3%S-—> 1967 1st mtge 3 lis 1970 1st mtge 3%s _ 1966 1st mtge 3V4S 1969 Crane Co 2V4s s f debs 1950 Crucible Steel 3V4s s f debs—>—1955 §ACuba Northern Ry 1st 5lis 1942 mtge 3%s 1st High 57% 57% 42% J-J 1951 , 38 26 1 , 97% 96% Gold 3 lis 'Springfield Div 1st gold 3%s__—1951 Western Lines 1st' gold 4s 1951 23% 34 *32 . 96% J-J —>, 23% 32 -I960 106% 17 107% 107% 104 .1954 . 106 % 106% 106% 107% J-D .1951 43 104% 105 % 103 A-O 108% 110% — ■ 4%s____ Bridge gold 4s 40-year 10814 110 — M-N F-A J-D J-J J-J F-A J-J 1955 >>1966 Cairo i L-1950 .Litchfield Div 1st' gold 3s~.. 1951 Louisville Div & Term gold 3%s_1953 Omaha Div 1st gold 3s 1951 St. Louis Div & Term gold 3s_ —1951 Refunding 5s 119 *112 F-A ..1948 debentures- 3 lis Z 1 .1946 debentures 3%s ,4-0 J-J J-J 1 January Sold Sale Price Bid & Asked High Low No. High Low Last Interest Sjtock Exchange Week Ended Nov. 20 1 January Sold Sale Price Bid & Asked York New Range Since Bonds Friday's Week's Range Friday BONDS Week's Range 2% 1% 90% 101 2% D M-N Edison Detroit series F_ 1965 series G—1966 4s 1970 1995 A Second gold 4s 1995 Detroit Term & Tunnel 4lis —1961 Dow Chemical deb 2lis— 1950 Dul Miss & Iron Range Ry 3lis—1962 t§ADul Sou Shore & Atl gold 5s—1937 Duquesne Light 1st M 3 lis— 1965 ref 3s series H & Gen Detroit & Mackinac 1st lien gold 4s Ry Minn Nor Div 1st 4s—1948 East Tenn Va & Ga Div 1st 5s.—1956 1995 1950 gold 5s 1st cons (NY) Ed El 111 2% s debs Elec Auto-Lite Elgin Joliet & East Ry El Paso & S W 1st 5s 1970 3 lis—. Hi 5 39 1% 3% Kansas City 17% 205 11% 19 % 6% 42 A-O 17 li 17 Ref & Kansas 6 % *88% M-S ■ __ 111% 111% M-S ~1 3 104% 105 J-D 85% 86 A-0 107% A-0 107 M-N 155 149 *„.. J-J 89% 89% 90% J-J 54% 54% 55% ——-1956 1961 Rub 3s deb— 62 93% 58 M-N *106% M-S *961'4 95 Lehigh Coal & Nav s f 4V2s A—2.1954 Cons sink fund 4%s series C 1954 JAFla Central & Peninsular 5s——1943 iFlorida East Coast. 1st 4lis 1959 A 1st & ref 5s series A————1974 ACertificates of deposit T—— 1945 gold 4s> 1982 (Proof of claim) J-D 78 77 % 78 ~7 57% M-S 19% 17 19% 355 8% 17% 7 7% 19% 17'/a "■ 17 3s debs——1956 coll trust 6s 1956 . 78 *102% J-D . 83 M-N 2% 4 74 Gen 1949 ———1949 Oct 11945 80 86 90 95 *82 83 84 168 170 *169 Castings 5lis Steel Ala Ry 5s. fAGeorgia 81 AGa 85% F) (B Gotham Hosiery 1934 16% ——1947 J-D . General 5lis series B —1961 —1952 106% 106% 108 % 108% 16 79 ,1st & ref sink fund 5s stamped / ctfs 89 14 35 78% 79 11 70 75% 76% 26 67 79"% 83% 91% 96 % 83% 67% 83% 83% 35 99% 291 9914 224 92% 32 69 % 79 V2 57% 65 74% 76 ,, 9 % *91 1950 87 87 J-J 70% 70 J-J 53% 52% 53% AGen mtge Gulf series C , 4 11% > 92% 66% 74% 31 46 59 Gulf States Steel s 1952 92% »92 J-J 1961 A-O 102 102% 1969 f 4lis Gulf States Util 3 lis series D M-N 111 111. 101 32 2 Oil 4lis debs Houston Hudson Coal Hudson Co Hudson & 1954 1st 5 f 5s Gas 1st series A 1962 .-1949 gold 5s AAdj income 5s 93% 105 109% 111 126 A-O 126% *102 J-J Central 77 M-N 77 •• *103% 104 M-N 42% J-D M-N — 42 *42% 43% " 2 —-i 42 46 46 46% 134 A-0 18% 18% 18% .62 1981 101% J-J 101% 102% 1951 J-J 1951 A-O *86% 1951 M-S *35% 1st gold 3 lis 1st gold 3s sterling Collateral trust 61% 93 36% 8% Collateral For lines trust footnotes "l 93 84 86% 86 — 86% 39 42% 55% page 50 52 48% 48 48% 170 39% 49% 42% 42 44% 38 38% 46% 1953 1844. A-0 J-J M-N 48 47% 48% 80 39% 50% 51 ■ 71% 73 67% 13 58 45% 11 42% 51 53% 18 48 57% 145 29% 33% 26% 36 29 19 59 38% 32 35 40% 29 60 37% 57 37% 26 30% 29% 31% 36 46 61 51% 3 114 117% 105% 105'% 110% 110% 11 104 106% 44 122% 7 110% 115 121% 123% 117% '115 105% 110% 122 "99% 105% 105% 102% 105 — *104% 105% 96% 99% 32 92' 99% * 98% 99 91% 98% • 99 14 91% 99 *97% 110% 115 119% 122% *110% 113% 12012 120 % 78% 78 % 84% 77% 26 80 *109% 110% 108% 110% *104% 105% 104% 106 1955 . 95% % 87% 83% 17 *103% 104 ■— , 105 ' 2 105 107 93% *110% - 105 101 ' 104 . ■ 108% 106% 104 80 • *__ 93% 86% 80% 1 103% 108% 105 98 84 2 83 104% 99 90% 40' * 87% F-A M-S M-S J-J M-N 1980 1945 95. 95 3 104 104 A-O A-O A-O A-O J-J J-J —1952 joint monon 4s 4s & Cine Div A——1945 Gen mtge 4%s series A„ r___1960 Manati Sugar 4s sink fund—Feb 1 1957 A Manila Elec RR & lit s- f 5Si 1953 Manila RR (South. Lines) 4s 1959 tSAManitowoc Green Bay & North.western 1st gtd 3%s 1941 Marion Steam Shovel s f 6s——1947 . Stamped § A Market — St Ry 7s series A—Apr 1940 (Stamped mod) ext 5s 3% MCKesson & Robbins 3%s_ Metrop Ed 1st 4 %s series D Merop Wat Sow & Drain 5%s MeCrory Stores deb 65 M-N . 73 % 57 82% 84 107 6 307 107 94 42 86 94 — — 108% 111% M 21%'* 1952 gold, 4s 4%s series Maine Central RR 4s series 48% 99% 102% 90 86% 58 . 1955 _ 3lis see 86% 2 72% *30 45% 1952 gold 4s Refunding 4s Purchased 15 *93 J-J 1951 1st gold 3lis 5s series ref 102% 104% 35% 72% 69% *27% 31% _ B—1—2—1-2003 C———2003 .1st & ref-4s series D—_*—i._l_2003 1st & ref 3%s series E— —2003 Unif mtge 3%s-series A ext-l 1950 ref Atl Knox 85% 58 ' & South Ry RR— 1st gold 4s Extended ' & 98% 10314 ' 118% 120% 42% F-A 2%s series A ' ' 1st 122% 127% 1 26 104% ;; Unif mtge 4s series B ext—_——I960 Paducah & Mem Div 4s„— 1946 I Illinois . 1st • 1 Illinois Bell .Telep T 2d gold 3s_— Mob & Montg 1st gold 41/as_. 1957 1st 5s A Lou & St Louis Div Feb 1957 Manhattan series A—1969 72 1 . 53 29% M-S M-S A-0 F-A J-J M-S M-S 3%S—_. 1966 Jeff Bridge Co gtd 4S_——1945 Louisville & tNashville RR— ' H Hocking Valley Ry 1st 4lis —1999 Hoe (R) Co 1st mtge 1944 t§ AHousatonic Ry cons gold 5s 1937 —-—1951 1st 5s 80 1 71% 66% 53% A-O M-S Gas & Elec •" & Ship Island RR— 1st & ref Term M 5s stpd— debenture——— Louisville 95 % 23 71% inc 5s series A———2015 1st mtge 5s 5s Louisiana & Ark 75 84% — 44% 67% M-N 7s—_>_-—1944 (P); Co deb Lorillard 5 86 13 stamped— 4s 99%'. 89% 87% Gulf Mobile & Ohio 4s series B—„1975 99% 7% 11 10% 93 A-0 A-0 87% 93% 65 —1950 1st 5lis B 79 99% 100 — *— F-A ■ 80 69% 69% J-J A-0 4s—----1949 -——1949 52 52 84% A-0 A-O Miami gen 84 50V2 M-N . 98% 88 72% 71'% M-N —1951 95 75% 80% *771% r *84% — 4s_>—.1955 7s—: 1944 Guaranteed ref gold 12 84 83 M-N ——2003 4s series A 1.1962 3%s ext to.2_—■——-1950 Long Island unified 4s._._>—>—1949 97% 79% *60% Feb Feb B— 88 16 97% 75 li ; 20 84% 98% 83 *" Long Dock Co 93 91% 76% F-A 4s registered — 2003 4%s stamped modified—.—^>—2003 Little 98% 105 91% 72% 78% F-A / Libby 72 11 52 1964 gtd 5s 1954 Y.4%s ext—-1950 , 98 41 98% F-A 1974 100% 29 87 86% 85% *83% J-J Libby McNeil & 105% 108% 98% 83 1% % ' 100% 100% 86 >— 5s_———1974 Liggett & Myers Tobacco '5s debenture— 96 82 98% Nor 32% 82% J-J & 21% 92% '. 102 98 2 86 :^> — registered——2003 "5s stamped modified———2003 Leh Val Term Ry ext 5s———1951 Lex & East 1st 50-yr 5s gtd— 1965 - 93% 106% 80 101% 102% J-J Gulf Mob 20 7 43 98 102% 99 ADebentures 14 J-J 92% 103% 107 7 *1% *94 % J-J . 21 108% J-J v 100 % 100% >100 5s>———1964 Lehigh Valley RR—;• 4s stamped modified 100 J-J —1946 Gen mtge 4s series H— 1946 Gen mtge 3%s series I 1967 A Green Bay & West deb ctfs A—. General mtge 4s series G 94 31 *95 J-J General 4lis series E__ 234 105% 106% 105% M-S 1973 ,—1976 1977 General 5s series C General 4lis series D 116 16% 31 J-J J-D Grays Point Term 1st gtd 5s Great Northern 4lis series A 116 -99% 100 J-J 1st 4%s___—1956 deb 5s w w 1946 & Nor 1st ext 6s Caro Goodrich 100 J-J 19 105% 105% 105 3i 101 106% 104% 106% 2 104 103% M-S 2 :——1954 102% 69 11 *116 J-D 43% 40% 4 %s Elec of Berg Co cons 5s 110% 111% 86 *94 F-A . Gas Si 67 108% 110% 39 50 A-0 Lehigh Valley N 4% 100 __ 83% 65% 86 J-J Lbh Val Harbor Term 4% 1% 5 3% 3% *3%, 31 *41 J-J " :——„>—>—>1954 stamped——>,—--4- 5s ;; M-N 65 71% *110% 111% J-D :———^^>1944 fund 5s 1st & ref sink fund 20% deposit—,— of ACertificates Food Machinery Corp Francisco Sugar J-J 69% , stamped 1st ;& ref sink 5s stamped 99 58 .. bs 107% 88% 28 99 — RR— JFonda Johns & Glover §A2-4s 98% *57 % 56% 108% 109 108% Dec A—>——1965 Lqhigh & New Eng RR 4s 97% 105 2 105 105 62% 29 J-D reg————1975 mtge income .A 1st 108 106 J-D 37% J-J 1947 — gold 3las'—2-1997 3%s registered-———*— 1997 Lautavo Nitrate Co Ltd— r, : " . 45% 176 M-N 1 70% Lehigh Valley Coal Co¬ Fairbanks Morse deb 4s 69 % 56% & Western RR— t5s extended at Lehigh & N Y 1st gtd Firestone Tire & 88 40 59 F-A Lake Sh & Mich Sou 56% 89 Lake Erie , 70 ' 86% 64 C___——1953 ,Coll & ref 5'/as series D_ ——I960 * 58% 67% 65% 82 49 88 62 A-O F-A extd 5s————1945 ref S'/zS series Coll & 104% \ 103 103 *_i_ Laclede Gas Light ' 99% 101 Va 101% 101% 101 '/j M-S 19543lis—_——1961 *.^.1950 —1959 3% notes JAKreuger & Toll 5s ctfs— 99% 103 >149 J-D 1st;& ref 6%s__ Koppers Co 1st mtge 109 107 104 J-J 97% 108% 110% 107 103 53% 93 56% 70% A-0 J-J J-J M-S M-S M-S —1997 1954 1st 5s— Kresge Foundation 31 15 % 30 110% 110% J-J 95% 103% 106% 108 % 5 24 24 Kings Co Lighting 102 2 25 1961 Kings County El L &,P 6s—.., 25 80 la 12 102% 102% J-J 40 17% 107 „ 1961 32 M-S 107: 4s__,——1987 4'liS__-:_—1961 1— 1961 unguaranteed.:—, 4 lis 101% 106% 26 M-N 43 25 56% J-J J-J J-J J-J J-J J-J J-J Apr 1950 —I960 impt 5s>—>—_i City: Term 1st 4sJ. Stamped—— Plain -„——2 109% 112 6 *24% J-D 29 96% *84% 57 A-O Southern Ry 1st 3s__.1950 Kentucky & Ind Term 88% 108% 112% 66 40 40 J-D & Kentucky Central gold 7 3% 78% 112% 112% 112% A-0 A-O 1971 mtge 3 lis-— 1st Div Ohio 19 JS.AK C Ft S & M Ry ref gold 'ACertificates of deposit.— 3 1965 series B————1995 AGen mtge inc 4lis series A—_2015 N Y & Erie RR extl 1st 4s——1947 24% 2% A-O 1st cons M 4s 10% 2 li Co— Railroad 40 F-A 1965 stamped 5s Erie 21% 3% — East Kanawha 3% J-J Mich 22% 3% 50 95% 108% 10% 20% 48% 48% K 104% 106% 104 1 21 F -A 1947 mtge 3lis & ret Gen & 349 19% 21 J-J 1935 4s ctfs__: gtd 4Vis. 106% 106% J-J series B—-Apr 1978 ARef & impt 5s J ADes M & Ft Dodge tADes Plains Val 1st 1 106 % 106% J-J Jones 106% 108% — J-J (subject to plan) Assented A >10814 J-J 4lis—1971 1969 1st mortgage 4lis.— ____1969 t§ADen & R G 1st cons gold 4s—1936 §AConsol gold 4lis—— —1936 t ADenv & R G W gen 5s_—Aug 1955 & Light 1st 4%s— ref & 1st James Frankl & Clear 61% 51% 111 57% 56% 56 li 101% 101 Va 101% *._ J-D Delaware Power 103% 106% 106% 106% J-J 1st mtge 3s 1970 Dayton Union Ry 3%s series B—1965 Delaware & Hudson 1st & ref 4s—1943 Dayton P & L AMet W Side El tChiO 4s 1945 1955 1956 1960 . - 83 6 79 85% 46 46% 3 46 55% J-D M-N *49 51% M-S M-N *15 J-D 83 83 *30 *24% J-J *102 A-O A-O Q-A Q-A A-O J-J 1950 M-S A-O 1938 F-A 43% *.~T — 30% — _> 89% __ 90' *104% 105% 107 V4 107 y4 111 % 111% 111% 71 71 *6 10 42 98 ■ *102 % 53% ' 69 ~7 — - 15 1 1 -- 102% 97 102 68% 95 103 105% 104 107% 109% 113 41 4% 71 9 Volume THE COMMERCIAL Number 4127 156 & FINANCIAL CHRONICLE RECORD NEW YORK BOND Nov. 20 Week Ended Last Interest Period Exchange Stock York New or Sale Price v1 Bonds Friday's Bid & Asked High N*. Low t§ AN Y Susq & W 1st ref 5s gtd ,4s -1947 JgAMilw & State Line 1st 3Vis——1941 JAMinn & St Louis 5s ctfs 1934 A 1st & ref gold 4s.__ —1949 ARef & ext 50-yr 5s series A..-1962 • . 67 ATerminal 1st 20 38 56 63 |§AN Y West 63 63 ~'i 58% 68 36 29 45% of ACertificates A General 4s., 27 27Vi. 9 18 31% 37 37 Niagara Share Norfolk Southern Ry * 9 9% 95 6% 3 1 Vi 4% 2% 2% 16 15% 16% 453 9% 17% 16% 15% 16% 163 9% 15% 16% 114 9% 17% 5'A 5% 2 1% 1% 1 68 % 7 67 3 % % • 60% Alst & ref 5s ref & deposit. of ACertificates Alst * 96 Va 40% 148 30% 3 37% 38% 457 24% 19.; , 119 34% 165 30 33% 18% _ 20 34% 21 31% 31% gold 5'As. AConv A 1st of ACertificates 36% ~9 % 10% 21% 1,562 Morris & Constr Constr Nat V 1997 registered.^ ry & Id gold 3s—. Jan 2047 ....2047 3s .registered 2047 Ref & impt 4'As series A— Ref & 'impt 6s series B—— ....2047 Ref impt 5s series C..... ___.2047 2047 Ref & impt 5s series D (Minn) 34 Vi 36% 364 21% 39% 39% ~4% 1% ~4% 709 % 36% 34% 36% 283 21% " 39'/a 24% 38% 431 36% ' 34% 13 36% *92 Va 80 Vi 16 49 103% 103 %• 94% 42 96 Vi 48'% 54 111% 111% 20 109 109 108% 109 15 107% 112% 103% 103% 104 58 103% 106 87 112 82 119 35 '.i 43% 36% 41 35 y8 46% 33 51 31% 1 .36% 36% 38 35% 35Va 31% 31% " 109% 109% 67% 1st gtd 4s Orleans Term New 62% 10 16 series B__; 5s 18 100 100 % 100% 101'A 43 99% 101 y4 104% 104 'A 1 92 92 1 4s Alst series 5s 118 118 118 ACertificates Alst of 5Vis *74 F-A —A:/ A-0 1954 A of deposit 3 . 7 4 V4 Transmission Ref & impt 5s series C 'Cony secured 3Vis.. J : 3'/2s Lake registered... . Ref 1st 6s 5Vis series A.—. 4Vis series 13: 82 85% 75 7 105 107% 16 72 36% 57 53% 38 1 S3 53% 39 52 52% 58'/a 55%: k ' 55 108 56% *50 55 „ '100 99 48 i 75 70 N Y Connecting RR 3Vis A N Y Dock - Conv 5% N Y Edison ref mtge 3 y2s series J-D 1st lien & ref 3'As series E N Y & Erie—See Erie 67 Ref 1st & 111 1st M N N . N Y & Harlem gold 78% 58 49% Y.Lack & West 4s series 49% 8 ■V. ; 30 50 Vi 48 3. 48% 57 45% Parmelee 49% ,■ Y L E & W Dk & 69 '71 152 58 52 96 .1943 Impt 5s 100 Ve 100%. 37. 93 100 100 100% 64 deb 4s— ANon-conv deb 3Vis deb 3Vis 66'/e 80% 1947 • 81 \24 1 25 13 Paterson & Passaic G & E 3'/as trust 99% 101 60 66% 71 1 ;• 2 . 119% 1 1 1'A 115 53 Va. -54% 32 52 59 Va 39 54 y8 60 Vi *59'A 60 3 ........ Power & Light Penna 4 %s debentures . Conv 48 Peoria & 36 96 107'A 101 1 101 103% 109% 109% 109% 109% 88% 89 89% 24 1 39 120% 120% 11 101% 101% 101% 149 107 y4 107'A 107% 14 N Y N Y Steam Rys prior lien For gtd 4s 3'As: & 4s__ 89% 37 86% 96 9 6'/a 40 95% 100% 66% 95% 96% 30 95% 100'A A-O 91% 91% 92% 157 112'/a 112y4 4 81% 92'A 110% 113'/« A-O Apr - y4 1st M-S gold 4'/aS series C__._.__.__1980 J-D 53 coll Co 19 17 footnotes see page 1844. 76 75'A 61 63% 66% 67%, 28 55% 6 7'A 60% 42 55'A 64 % 105'/a 105% 50 59 104% 108 101% 105% *117% 115 120 J-J *111% 115 108 112 107% 110 109% 109% ref 2%s.._. mtge 59 t § A Philippine Ry ACertificates 103% Phillips JPetroJ of l%s debs 19 39% Series G 40 Series H 19 37% Series I 23 Vi 48% Series 40% 61 J 4s 4s 172 15 3% 103% 103 4% 103% F-A *106'A J-D 93 M-N 4'As *111'A F-A 5 35 12'A 1% 4 'A 1% 97 % 103% 105% 106'/a 107 108 111 112 110 112% 111 *111 ,_1957 24 102% 106 1% 11 4 *105 M-N 1953 guaranteed 4s____1960 1963 guaranteed 99'A 102% 5T 12 ....1949 112% — *111 — F-A 1964 118% 118% 5 118 121 M-N 4'As. cons 19 34% 11% •*2% J-J 90% 105% 109% 112% 105'A 106 J-J ___.._1951 37 47 33 ... guaranteed cons 102'A 102% H% M-N _„1937 guaranteed gold cons 102% M-S Pittsburgh Cine Chi & St Louis— Series D 4s guaranteed.. .1945 F 111% 112 J-J ______1962 1st sf 4s deposit. 94 y8 111% J-D :_..^_1971 .1949 Philip Morris Ltd deb 3s 93% J-J M-S 118% 118% 1 118 121 Vi 105 105% 33 104% 109 104% 108'/a Gen mtge 5s series A., ...1970 J-D 8 7% 8 24 3% 9% Gen mtge 5s series B—... 1975 A-O 105 105'A 11 36 y4 38 164 21% 44% Gen 4'As series C 1977 J-J 100% 100% 4 99 89% 91 68 96% 97'/4 20 95 104% J-D 98 98 9 7'A 100'A J-D *98 99 90% •7- J-D 2 42% J-J J-J 47 38 M-N 1958 37 7'/a 3% 106% 107% 73% ■••■: *12% J-D 1967 AConv deb 6s_— 19% 36 5% F-A tr 4'As.——1961 Electric .1st & ref 3 'As 16 53% 59 105% M-N General gold 4'/as series C 1977 / General 4'As series D__._.__„_.1981 74 143 44 *106'/4 73% 29 42% 5'A 5% 67 Series E 3'As gtd gold.. 32 43'A 44 F-A J-J Seri is 34 M-S J-J B series 37% 1965 93 Va 88 96 .1956 4s 37% 1963 6s stamp. Corp 1st 3Vis 106% 111% 88'/a Marquette 1st'series A 5s_._.1956 39% A-0 M-N 94% 122 J-J .Apr 1990 _* 19% A-O • 88% 119 100% 105 A-O 1947 f Pekin Union Ry 5'/a s....1974 18'A M-S 1993 108% 111 108% 111 A-O 4s ext_i.-__-A.__ 1960 Eastern A Income Peoria 20% 1992 1955 cons 102% 108'A 99% 100 105% 73 ' 91 Pitts Coke & Iron cony 4'As A____1952 M-S 97 ' 1st 105'A 104 101% 102 % J-D mtge 4'As series E :—;—1984 deb 3%s__—..—_._...__1952 Peoples Gas L & C ref 5s_ 6 1954 N Y Queens El Lt & Pow 100'/a 105'A 100 J-D 1970 ...1981 General 4'As series D 104% 105% 109% B—.——..1968 series 108'A' 103 M-N A-O gold 4'/as_. 30 101 F-A 5s Debenture 102% 102 t A Harlem River & Port Chester— N Y & Putnam ft 105 M-N 3%'s series C_-...i..l970 mtge 10 40 .... 102 102% 104'A 99% M-N Cons Gen 105% F-A Pennsylvania RR cons gold 4s ^..1943 Consol gold 4s —..1948 4s sterl stpd dollar___./May 1 1948 31 42'A 4s— A 4 8 *101% 102'A F-A ...1969 ______...._1974 3'As. 33% J-J 4s 118'A 106% 107% 101% 102% J-J 32 —1948 1st 71 60% 118 *104'/a A-O 4 '/as series 32 31 A General 58% 98% 100% 40 102 102% 31% 33 Va IAN Y.Ont & West ref gold 4s_ 105 103% 103% F-A 31 M-N 55% J-D —_ 32 J-D 37 67% 1963 4s 1952 ctfs Gtd 4s series E trust Secured 32 32 Mr 34'A 1957 25 100% 100% Pennsylvania Glass Sand 3'/as.._._1960 Pa Ohio & Det 1st & ref 4%s A...1977 32 31% —1940 68% 100 s 106% M-S 34% 1927—.1967 100% 104 Va M-N 64 ; 100 34 6s 105 1 105 83 60'A J-J trust 107 lA 109% 1 104'/a 104% J-D D...1944 ctfs / 100 yB 54% M-N 4s 3 105 104 y3 J-D Guaranteed 3%s trust ctfs C....1942 .Phelps Dodge conv 3'/aS deb. ..1952 Phlla Bait & Wash 1st gold 4s.__.1943 General 5s series B... ;.._._1974 103'/a 104'/a J-J Debenture 109'% 109 'A1 105 *117 fAPhila & Read C & I ref 5s.—.1973 1955 Alst & ref 4 Vis series of 95 ■ 116 111% 111% 1956 A 84% M-N M-S ■ 116% 116% 1956 § A Collateral 96% 95 106'A 109'A 5s.1949 Phila 4s 6s__ cons ' .. Philadelphia 4s__.... deb 103'A 85 7 A-O 107% 100% deb AConv 99 95% 108'A 108% 1944 6s__._—' 11 deb 3Vis deb Trans 109% 109'/a ANon-conv certificates 95 55 106% 108% ANon-conv A Debenture 103% *94'/a 109'A F-A 19 M-S ...1954 99 16 M-S A-O' 1947 ANon-conv 106% 109% 8 17 103 % ..1955 ctfs 69% 100 tN Y New Haven & Hartford RR— ANon-conv 107% 111'A 103 debentures_1956 108'A 108% J-J 91 110% 113% 1 J-J —.—.1960 83 , Vi M-N ; 1973. 82% 37 Corp— Pictures 4s Pennsylvania Co— 56% 44 M-N A—1973 110% 110% 6iy, M-N 3%s——.—2000 107% 78% 101'A 92 112% 113 J-D f gold 4y2s._._1955 J-D F-A / 1948 4 Vis series B____ s 3s loan f gold s Paramount 1st & gold 5s Purchase money gold 4s——1949 % 112'A 103 Va 103'/a .....1966 3'As series C mtge Paducah 79% 63% RR N Y Gas El Lt H & Pow *90 112% A-O A-O .1966 109 109 3'a 109'A series B____1966 Pacific Tel & Tel 3'As 59% - 51 99% 108% 99'A . J-J 1938 §A2d ext gold 5s— 70 63% A-0 105% 108'A F-A §APac RR of Mo 1st ext gold 4s._1938 49 79 v A-O 103 102 Va 105'A J-D 1st & ref mtge 3s series .'.144 62 1947 • 110'A 102% 105 100 A 100%. J-D 1966 J__.____1970 1st & ref M 3s series K__.______1971 1st & 46 99% 3Vis series D„1965 notes 99% J-D 248 76% ■ J-J J-D General 53% 49% 64 107 6 *105% J-D 99% 99% F-A 107% 110'A 107% 110 .2 *105% J-J gold 5s.....^1946 1st 59% 15 49 A-0 —— 100 >A J-D El 4s series G____._1964 Co .54% 62% 1951 gold 4s 110'A . *103% 105 M-N ref mtge 3%s series H....1961 Coast Gas & fc 93 76%; —.1965 1st 110% 5 107% 108 19 42 43% 75% 48 50% 108% 108% 110 99% 75 70V's . 52% 52% 108% 109'A 112% 345 : ,49% 52%. 54 .64 ' 66% 64 Vi 107% F-A sinking fund 4'/as......__.1960 General 4'/2s series A_.._...A,i.l965 112 52% 98 Vi 53 M-S J-J 104 : 51 // : 12% 106% 108% 50% 38 37 51 56% """■ 52 50% 48% 107 3 53 24 : 52% 51 99 V 46 M-N 62 56 40% : 51% 51% 52 41 9% M-S 12 43% 37% 26 53% 51% 53 52 : 10% 106% 107% J-J 107% 47% 34% " J-D 1950 109% 111% 102% 102 »/a 107 83% 5 54 83 46% i 34 81 A-0 1947 1 ■A v, 111% 111% *101% 105% 1077/a 5 M-S" ..——^1978 111% J-J 109 % 110% 77 Vi 74% A-0 .—1974 ... C 17 109'A 109% 1st mtge 3Vis extended to debentures.—. ... 110% 110% 110'A 107 Pere Ref 59% 108 55'A J-J York Chicago & St Louis— New 59% 55% Oregon-Wash RR & Nav 4s—;.___1961 Otis Steel 1st mtge 4'/2s ser A....1962 107% 110 V* 1 85% J-J F-A F-A F-A F-A coll gold 3'/is 48 48 >A 53% 110 ~5' 107% 107% J-J 1998 ..1998 3Vis registered—...—.—1998 3 Vis Mich Cent 11 60 54 J-J Paramount Broadway 76 V 46% F-A .1952 —.1997 ..1997 —1998 & Hud River 3 Vis registered —; Shore coll gold 3Vis N Y Cent 70% _.___1946 Guaranteed stpd cons 5s 120'/a 124% 75 85% A-O A-0 A-O M-N 2013 . 54'A 57% 54'A M-S Oregon RR & Nav con gold 4s_._^1946 Ore Short Line 1st cons gold 5s_._1946 Gen impt 4Vis series A_...—2013 43 4 4'A 54% 110'A 5s___.__1945 1st Panhandle East P L 3s B 107% 107% 107% J-J 1946 10-year 3%s sec s f_, Ref & 38 51 51 67% F-A F 1st gtd 5s_..—1943 117 '/a 120 Vi : 76 — Newport & Cincinnati Bridge CoGeneral gtd 4 Vis .1945 N Y Central RR 4s series A .1998 78 426 42 49 J-D 3 109 ... deposit *41% 64% ..1946 Ontario 76 56 Vi 77 109 —_v • 1956 of series ACertificates F-A 1 deposit series D 4Vis 45% 49% J-D -17 -- 124% 124% 109 56 8 15 *41 A-O 1956 C ACertificates Alst 73% 39 93 117'A 119y2 deposit of ACertificates 42% 66 3%s—..1..1966 debentures. Power N 103 Va 90 *118 i> •; 66 116 72 J-J 1967 _______—1972 mtge 4s———: mtge 3%s_.— Oklahoma Gas & Elec 102% 104 y4 A-0 V ..1954 — ext— 1st Guaranteed Alst 68 O 103'A 105% 102 Vi 103 A-0 J-D J-J t§AN O Tex & Mex n-c inc 5s 1935 ACertificates of deposit—.— ' ' Q-A 27% 82 J-J tIAOg & L Cham 1st gtd gold 4s_1948 Ohio Connecting Ry 1st 4s_.-..___1943 Ohio Edison 1st mtge 4s_____.__—1965 70 68% 105 Vi 105 Vi 102 % F-A A-0 J-J J-J 1955 1953 B series 75% 40% 1964 Teleg 4'As Pacific 105% J-D M-N 5s series A..1952 Ser 1st 107'A 54% *70% 42 1944 1st mtge 3'As. Pacific 72% Pub 114 99 111% 112% 73 ref 5s 119 112 __ 106% 109% 3 >112% 116 71 Orl 119 42% 87 72% 1st & 100% 103% 120 J-J 1st & ref mtge 3'As. __:_1967 (Wise) 89 87 J-J New 100% 104 Power Co— States Northwestern 98% 104 1 111% J-J • 124% 128% 9 10 J-J 38% 21 34% 36% M-N 1st 41/28—.—I960 New Orleans Great Nor 5s A_—1983 N O & N E 1st ref & imp 4 Vis——1952 28 27% Q-J 39% 24'/a A-0 & Light 74% 5 % J-D Pow 126% 74% 74%, .. Q-F lien 38% JANew England RR gtd 5s....—1945 AConsol gtd 4S....W—v———1945 J 30% .. — 4s Gen 39% tANaugatuck RR 1st gold 4s_—i._1954 Newark Consol Gas cons 5s— 1948 N 38 Va 23% *30'/8 •' M-S England Tel & Tel 5s A__—.^1952 1st gtd 4'As series B...__—.^..1961 N J Junction RR gtd 1st 4s_ —1986 36 Q-J Pacific prior lien 4s. ....1997 Northern 23% M-S New 69 % 21% *— 2iy« F-A 3Vis sinking fund debentures—..1949 National Steel 1st mtge 3s__—;_„196b 57 160 A-0 6 J-D Prod 3Vis debs.. -..I960 Distillers Prod 3Vis.——-,—1949 74'/a 36% *107'/a 736 M-N St L 4s series A—.1978 Chatt & 72 A-0 36% J-D Dairy 101% 104 35% guaranteed gpld 5s 1945 Alst mtge gold 5s (stamped can¬ cellation of guarantee) 1945 ACertificates of deposit J. 1st Nat 109% 111'A Ohio Ry— Alst 36% N Nash 74 % *112 25% J-D M-N M-N gtd 5s_______1947 Fuel Gas 1st Mutual 2 M-S 4y2s series A ref & 36% J-J T 3%s__._.-1963 Mountain States T & "l .1974 Gen ^Northern 11% A-0 J-D —1951 Essex 1st gtd 3 Vis——2000 M 5s series A——.1955 M 4'/2s series B__. 1955 93'A 10 Va 108% 109 % novi novi 103% 103'/a *118 39 A-0 ext 5s Tramways *109% 109% M-S Ontario ref 3%s—i_1966 1st & Power Montreal 15% 110% 3% ' .1974 & ref 5s Central gen North 1st Montana ' 108 258 9 102% 103 34% M-N M-S F-A 1938 Moh'k & Malone 1st gtd gold 4s___1991 Monongahela Ry 3'As series B__..1966 Monongahela W Penn Pub Serv— 1st mtge 4'As__——.....I960 6s debentures 1965 • 8% 103'/a 103'/a *§ A Missouri Pacific Ry— 3rd 7s extended at 4% —July 8% 126 34% — . 2 102% mtge 5s conv inc.: Northern 36% F-A I_—. 75 v* 103 y2 39% '.1% 155 — ...1981 deposit....-..— ref 5s series & 2 110% 110% .. 86% 126 23 % 25% 34% 10% M-N A-O -1949 . ACertificates , 9% F-A 37% .7 Vi 94 20 36% M-N ref gold 5s series H——1980 of deposit Alst & 18% 43 F-A O-A F-A " — . 38 14 42 — deposit of High 29 12% J-J A-0 44% 34% > M-S M-S 1978 series G 5s ACertificates 40 17% 1998 ..2014 100 1 41% 100 — ; Low 86 . M-S A-O M-N t§ANorfolk Southern 68% 383A F-A 1965 January I No. Co— series A—' mtge 4%s A Gen • 6 Vi 2% •' 39% 100. J-J —-1975 series F—__ .1977 Range Since Sold 17 16 Mi' 35 Vi RR 5s A ,1961 Norfolk & Western Ry 1st gold 4s_1996 North Amer Co deb 3'/aS—.....—1949 Debenture 3%s 1954 1st 9% 121 9% : 2% ^—..1966 Pow 1st 5s A...1955 (Md) deb 5y2s_ 1950 . deposit-. Bonds 11% 11% J-J J-J ... tMissouri Pacific RR Co— Alst & ref 5s series A— High 34 iij-N Niag Lack & 0.nt 2% J-J A-0 5s series A—Jan 1967 1943 Niagara Falls Power 3!is 38 . J-J . gold 5s.»_ 37% J-J A 40-year 4s series B___ —..1962 Prior lien 4Vis series D-____—1978 Friday's *12% F-A F-A ,...1940 63 J-J J-D ..1959 Mo Kansas & Texas 1st 4s—,——.1990 Missouri-Kansas-Texas RR— Prior lien 5s series A__ .—1962 or Sale Price Bid & Asked J-J ...1937 3 'As series B— 1967 Bost 1st 4Vis-+.._1946 Y Telephone N 104% 107 M-S Alst & ref 5 Vis series B__—1978 adjust 53 J-J t AMissouri-Illinois RR Jst 5s A Cum 58% 1 1949 5%s__— §AGeneral Q-F 1946 & ref 6s series A 97 % 106 '/a 106 % J-J J-J J-J 25-year 9 3'A 1 Marie § A 1st cons 4s stamped—_______ 1938 g A 1st consol 5s———. ..,.1938 § A 1st stamped 5s gtd as to int__1938 A 98 1937 4%s gold 5s gold 38 fMinn St Paul & Sault Ste A 1st §A2d *54 M-S J-J M-N M-S . 73% ; J-D J-D t AMilw Spar & N W 1st ■ __ 69 *57Vi M-N J-J M-S A-0 88 *97 Vi M-S & Period Low *70 Sag 3 'As——1951 Lans gold Week's Range Last Interest SO . 3'As. ..1952 Ref & impt 4'As series C 1979 Michigan Consol Gas 4s__________1963 t§ A Midland of N J 1st ext 5s—...1940 1§ AMilw & Northern 1st ext 4'/aS—3939 AgConsol ext 4'As— _1939 1st Friday Exchange High Michigan CentralJack Stock Ended Nov. Week 1 January York New Range Since Sold Low , BONDS Week's Range Friday BONDS 1843 ' 7 "' 6% 2 •42 Vi ■ 43 2% 18 42% 4 *106 1% 39 8% 2% 48% 107 Steel 1st mtge 4'As 1st mtge 4'As series B_____ Pitts Va & Char 1st 4s 1950 .1950 gtd.__.__-_1943 - 20 1st mtge 4'As series B .~.1959 A-O 56% 56'A 103 1st mtge 4%S series C ..I960 A-O 56 Va 56 y8 56 '/a 107% Pitts & W Va 1st 4'As series A____1958 6 96 M-N 104 Va 108 - 106% 106% Pitts 57% 56'A 109% 111'A *110% 106% 4% 56% J-D 103 99 55 64'/a 24 1 55 % 64 % 4 55'A 64% Monday, November 23, 1942 THE COMMERCIAL & FINANCIAL CHRONICLE 1844 Friday BONDS Interest Period Exchange Stock York New Week Ended Nov. 20 Last 1st 5s series B_ gen 1st gen C series 5s 1977 Portland Gen Elec 1st 4%s 1960 1st 5s extended to 1950 Potomac El Pwr 1st M 3'As—.—1966 1st mortgage 3%s_ 1977 Pressed Steel Car deb 5s ' 1951 4%s series D 1st Low No. Friday Interest Exchange Week Ended Nov. Period 20 120 Gen ref & 1st gold 5s series 2000 63 89 88 78% II — — 107% 108 % 96 95 86% . 5s series C ...1979 series D .—1980 J-D 5s B— Ave 1964 1st ref 4s Ry i a Providence Terminal 4s Publ.c Service El & Gas 3'As ' & ref mtge 3s & ref mtge 5s Tol 8'/4 St Louis & Ham 108% 110% Trenton Gas 105% 106'A *noy8 1st & ref mtge 8s of Nor 111 3'As 1968 1948 Tri-Cont Corp 80 110% 1107/a 46 67% 1997 J-J 78 76 % 78% 59 73% J-J 77% 76% 77% 32 73 1956 J-J 102'A 102 % 1 3'As Remington Rand deb ARio Grande i§ARio 1st June Grande West A 1st gtd 5s M-N Gen 105 105 105% 26 100% 104% 40 102 '/a 102% 98 *991/2101 *60% J-D 100% 39 61% 67 28 % 22 64 12 1977 M-S 1967 M-S *110 109 .1967 M-S *110 1969 __1934 mtge 3'As series J_; t§AR I Ark & Louis 1st 4'As & M-S *116 M-S *108% 110 *105% 106 t A Rut-Canadian 4s stpd 1949 1941 *§ARutland RR 4'As stamped 19% 85 20 10% 1st gold 5s—1949 A-O F-A J-J 4% 4 9% 9% 4 5% land & 1959 ..—1967 ;—_——1947 grant 4s • 1.125s - 2.05s - J-J 107 1996 J-J *50 55'A 1996 A-O *— *8 2d St 1st 4s gold 5s__.__ gold 6s ... Louis Iron 2.15s — 108 10 2.35s Certificates of M-N 1933 J-J A-O M-N J-D A-O A-O M-S 99% 103 26 96 108% 109% 84 96% 96% 14 96% 96% 8 96% 105 105 106% 106% 91 90 97 97% >103% M-S & P 5s stpd 1955 J-J tASt L-San Fr pr lien 4s A 1950 J-J 1950 J-J A Certificates Prior lien of ACertificates A Cons deposit..:. 5s series of B deposit 1978 deposit stpd M-S ._ bond 4s A 1st A 2d 4s inc 1989 ctfs AGen & ref J-J 1952 1990 J-J Paul E Gr Trk fASt t§ASt P & K St S Paul A gold 4s_1968 cons 1st 4'As C Sh L IOOVb 100 Va 100% 100'A *997/a *101 100 101% 101'% 102 *101'A 103 100 103 M-N *101% May 1 1954 M-N —— *101 — . 100% 102 — 100% 101'% 1947 Union Depot 3'/es B 1971 1st gtd gold 4s____1943 Scioto V & N E 77% Utah 6s ACertificates A-O F-A 1959 A-O Union Shell A 1945 M-S deposit-—.... 75 17 55 16% 17% 11 21% 19% 19% 20% 232 11% 25'/a 18% 19% 2 11% 24% Va 1st gold 5s„1949 M-S 207/a 20'/a 21% 534 11% 23% F-A 20 20% 176 12% 22% Virginia Pub Serv 1st mtge 3%s__1972 Va & Southwest 1st gtd 5s 2003 1st cons 5s 1958 2'As ' 10% 338 19 . 85, 75% 22% Cons 84% 76 55 85% 85% 31 75% 23 57 29 31 56% 29 31 70 15% 38 'A *51/2 15 16 *103% 6'A 2% 16 6% 7% 69 17% 99'A 101 6 32 101% 104% 123% 125 23% 22% 24 351 3% 4 14 6 14 10'/a 12% 331 4% 13 11% 137 4 12% 14% 12% 14% 657 5% 15% 11% 30 216 13% 30 5% 5 F-A 15 }| 12% 15% F-A 15ft 12% 15% 89 98% 15 1,142 1935 43 100 *35 A-O debentures 1950 gtd 5s Power 6s 95% 1 98% 97% 100 29 39 105% 12 100'/a 103% 99% 103 105% 106% 21 104% 106% *123 A-O 1962 A-O 107% 107% j.j 105% 106 1947 J-J 103 A. 15% 14 ,..1963 3'As 15% 102% 102% 1979 Tel debentures— Southern Colo J-J 33 4 102% 102% 102% F-A 1964 Socony-Vacuum Oil 3s debs 3s F-A debentures 4s______1952 14% 3% 39 Simmons & 5 10% 98 Bell Tel 26% 1 10% 100 & Nor Ala RR 25 12'A M-S 123 ■ — 123 2 (Cent 4s Pac 24 103% 106% J-D 70 11.1977 M-~S 54% Aug 1949 registered A 3 103 102 105% Pac RR & Mem Div ref 52 51% 53% 163 46% 57 52 50% 53 278 46% 56% 50% 49% 52% 307 46% 56% J-J 91'A 90% 92 160 80% A-O 84% 84% 86% 13 82 89 1955 J-J 69'A 69 70% 127 61% 72 1994 J-J 92'A 91% 92% 88 93% 1956 A-O 70% 70% 71 a-o 90 90 90% A-O 94% 5s 6s gen 6'As 1st .1956 gold 5s Bell Tel series 1951 3'As B ... 94% 95 j-j 1996 1st gold 4s 3s mtge 4s inc series A AGen mtge inc 4%s ser AGen tAWabash Ry ref & gen 5%s A—1975 A Ref *81% 83 J-J 87.% 87% 76 117 60% 72% 50 78% 91% 83 3 84% 79% - 96% 78% 57 — 91 1964 J-D 111% 111% 111% 3 109% 112% J-J 106% 106% 107 9 104% 107% 41 25 ASpokane Internat 1st gold 4'As„2013 Apr —.1966 F-A ——1961 J-D debenture 1953 1945 J-J Superior Oil 3'As debs 1956 M~N Swift & Co 2%s debs 1961 40% 33%: 41% T02'A 102% 104% 105% 23 103 13 6s debentures 6s called A & RR gen 5s cons 17 _. .1951 5s_—. .1944 f gold 4s Ref & impt mtge 3%s series B_. 1974 Texarkana & Ft Smith 5'As A... 1950 Texas Company 3s deb 1959 Texas debentures— & N O com , gold 5s.IZ__II! 65% 4 75 76 105% 109% 27 108% 1948 A Deposit deb 1941 6s receipts—— Warren RR 1st ref gtd gold 3%s„2000 Washington Central Ry 1st 4s_.—1948 1945 1945 guaranteed 4s__ Westchester Ltg Gen West 1950 r_1967 5s stpd gtd mtge 3'As Penn Power 1st —;— .....1963 1st 5s E 1966 mtge 3%s series I— Western 1st & Maryland ref 75 84 % 42% 45 209 33% 50 Apr 33% 34% 458 28% 39% M-S F-A A-O A-O 28% 27% 28% 7 24 27 27 1 24 27% 26% 26% 3 22% 26% 22 % 27% A-O 94 1952 1st 4s 5%s series A...—.1977 83% 83% *26% — 28'A 94% 87 102 11 94% 83 99 93% 95 102'% 100% 100% A-O M-S 102 M-S 106 105'A 106 21 81 105 105 107 46 95% 107 101 100% ...— Washington Term 1st gtd 3%s 1st 40-year 122 45 34% ........—,—1948 Co Bros 84% Apr J-J F-A Q-M F-A F-A 31% 102 1 100% 100% 31% 31 69 — " 40 69% 4 32% *86'A *103% 106 86 103% 105'A . *104 106 J-D J-D 119 119 109 109'A 45 107% 110 M-S 106% 106% 6 106% 110 J-J 111% 112 5 110 84 A-O 118% 121% 1 86% 87% 95% 86% J-J 98 95% 7 93 2 101 112 91'/a 102 1943 West N Y & Pa gen gold 4s JAWestern Pacific 1st 5s ser A—1946 assented 1946 —, 1950 25-year gold 5s 1951 30-year 5s_— —1960 Westinghouse El & Mfg 2'/8s_— 1951 West Shore 1st 4s guaranteed 2361 Registered .2361 gold 4'As Western Union Teleg A-O M-S M-S 101 101 104'A 36% 35 36% 63 20% 38% 36% 34% 36% 134 20% 38% M-N J-D 85 84% 85 37 86% 86% 37 M-S 83 82% 83% 62 101% 101'A 31 85 79 81 88 77% , 85% 103% :—1954 1949 Wheeling Steel 1st 3'As series B„_ 1966 West Va Pulp & Paper 37 100% 103'A 13 101% 103% . 100% 102% Wilson & Co 1st M 4s A Conv deb 100 119% 119% 6 119 105% 105% 1 105% 108% J-J 111 111 1 109 111 J-J 103 103 1 101 104 89 24 F-A 88% 1943 J-J 88% 104% 105% A-O ... 1st 4s —1955 1947 j 1960 1949 } A Wisconsin Central 1st 4s ACertificates of deposit 'A — §ASu & Du div & term 1st 4s—1936 ACertificates of deposit M-N Public Service 3%s .1968 1971 1st 4%s 1943 Wisconsin JAWor & Conn East 48 37% 50 43 14 37% 47% 103 1 *109% 92% . 102% 105 ' 110% 114 — 92% 93 36 90% 95 105% 105% 15 104% 106% 102'A 102% 1 100% 103'/a *115 49% 487/a 114 116% 50 61 48 47 48 7 15 14% 16 124 A-O J-J Wisconsin Elec Power 3%s__. 46 103 J-J A-O J-J J-J 100% 101% 43% 42 44 *13% — 115 37 55 37% 51 35 9 34 9 14% *110% 111% 108% 110% *107 105 108 V* 12 12% 101 102% *12% J-J 20 108% F-A M-N 3% Winston-Salem S B J-D M-S M-S 101 105% J-J 1965 3s_. M-N J-J J-J 101% 110 103'A 103% *100 332 .1953 3s . ——^ Warren Youngstown Sheet & Tube— 5 ^ 105% 105% 78 *100 102 — 85 122 92% 104% 106% 104 106 99% 101% —1948 not M-N f 3%s series D_. Deferred in M-S 1960 Conv deb 4s a s ..1955 1955 Warner Bros Pict 6s debs included Gen. refund series D— Walworth Co 1st mtge 4s. 1st mtge s Terminal Assn St L 1st 108 103% 105% 101% 101% 102% 102% M-N 101% 15 104% 104% 105% J-J Studebaker Corp conv deb 6s 6s (called bonds) Tenn Coal Iron 1976 1978 1980 5s series B gen ARef & gen 4'As series C Wheeling & Lake Erie RR 4s 1968 C Oil of Calif 2%s debs Standard Oil N J deb 3s_ 108% 94 93% Stand 2% 58 1955 gen Southwestern & 68 49% m-N 1st ref gtd 4s St Louis Div 1st 55% M-N —1950 Southern Ry 1st cons gold Devel & gen 4s series A Devel 50 225 70 53% 72% M-S ...1946 Fran Term 1st 4s & 50% 198i 10-year secured 33As Devel 253 ^968 Gold 4As—— South 70% ,.1969 — Gold 4'As San *64% ..1949 1st 4'As (Oregon Lines) Gold 4'As__— 67 1971 1981 B_—.—1991 series A 1st mtge 4s A 5s coll) 75 M-S 90 106% 108% > Southern Pacific Co— 4s 78 69 92 102% 103% , W 101% 103% — 100 23 4 *11 109% ill'A *2 78 Wabash RR Co— *123% 124% 23% 78 II J-J a-o , | *77 J-J South .1966 j J-J Sourh — *111'A 111% 76% 50 ..1954 Skelly Oil 3s ... *108% M-S Pwr 3%s series B Coal & Coke Iron F-A M-N 1968 f 4s series B Elec & > 74 23/4s sinking fund debentures 1961 t§ASilesian-Am Corp coll tr 7s__._1941 Co s *108% —1957 series A—1955 Vandalia RR cons g 4s Va 49% 1935 debs 102 .75 18% 13% ...1933 certificates.. Oil 93% 1017% 17 11'A deposit t§AAtl & Birm 1st gtd 4s series B 93 64 72 ARef & gen 5s f ASeaboard All Fla 6s A ctfs A 6s 32 97% 17% A-O 1950 of 98% 97% 75 M-N series 97 97% 77% 100 of 97% F-A 95% 103% 103% § a Refunding 4s_. cons A-O 46 100 Oct 1949 97% 1944 ref 5s 79 A-O ...1950 91 1 95 1st 5s__—.1944 & Light Power 69'A 103% 4s unstamped ACertificates 100% 103% 95 A-O 33 J-J stamped Adjustment 5s A 1st 100% 101% 7 M-S 8 A4s gold A 2 3 1951 1st & Utah Lt & Trac JSeaboard Air Line Ry— § Alst gold 101% 101% 10;% 101% 33 gtd 4s________1989 1st M-N M-N 73% 73% ^1952 f deb s - 43 J-J F-A Ar Pass & Schenley Distillers 4s 1 1954 May 1 1955 Nov 2.65s 60 100% M-N 1 1953 — - 101'% 101 *101% Nov — 101 % 100 100 ' 100 92% J-D 1941 gtd 4'As 97'% 105 100 41% _ J-J gold 5s series A St Paul & Duluth 1st M-N Nov 1989 104 .. *997/a -May Virginian Ry 3%s series A__ certificates bond 91 69 90% 79 . . *101 1 1952 1 1953 —Nov ... 2.60s 107% JSt Louis-Southwestern Ry— 5 A 1st term & unifying 5s 103% 107 *101 92 42 „ M 4'As series A ACertificates of 67% 90 99 3 100 20% J-J A 75 99 95% 102 % 106 26 91 97% 95% 33 105% • 106% 108% 111 *101 17% 1948 1st mtge 5s St L Rocky Mt 55 101 *101 25 deposit— 1959 Pub Serv L 73% 74 • J A St L Peor & N W 1st gtd 5s St 106 5 107 11'A 17 M-N M-N M-N May 1 1952 - 2.55s Southern— & Mtn 111% 6 12 M-N 1 1950 Nov United Stockyards 4%s w w__ AgRiv & G Div 1st gold 4s A A-O 106'% 102% 102% 62 Jos 105 -- 100% 101 M-N M-N M-N M-N 1 1949 May 1 1950 2.20s 91% 100 20 99% 100% 1947 St 9 2'A 99% 101'% *111% 111% 102% M-3 Nov - 2.50s 1966 . May 1 1949 - 2.10s J & Grand Island . ...May 1 1943 Nov 1 1943 1.00s 2.45s Saguenay Pwr Ltd 1st M 4'As • .—1944 RR & Canal gen 4s_ 2.40s St Lawr & Adir 1st • .. Serial debentures 9% 8% 5s debentures.:—.— 21% 8% J-J J-J 90% 81% 124 Elec 1945 106% 108% 20 80% 4 92 101 United States Steel Corp— 129'A M-S 12 98% 101'A 1 85% 92 *100 M-N 109% 110 3'As series I 6 85% J-D 1971 109'A A-O 294 A-O J-J U N J 63 39 „ 59% 27 eilA 62'A 22'% 47% 72 21% J-D 1970 35-year 3'As deb—. —1971 Ref mtge 3%s series A —.1980 United Biscuit 3%s debs————1955 United Cigar^-Whelan Stores 5s_;_—1952 United Drug Co (Del) 5s—-^—_1953 104% 106'A J-J 61% gold 4s._1946 1953 1st 100% 104% 1949 Gen mtge 3%s series H_ mtge 51 102% 61 70% 102% 104% 11 20% 4s__vl—„ 1950 34-year 3'As deb 33% Roch Gas & El 4'As series D... Gen 1021/4 M-N M-N 69 tJnion Pacific RR— 97% 103% 102 1939 & coll trust 4s A cons 86 102'/a 1939 1st gold 4s 86 F-A Republic Steel Corp 4'As series B.^1961 Purchase money 1st M conv 5'As 1954 Gen mtge 4'As series C 1956 Revere Copper & Brass 3'As 1960 69% 58'A 1st 5s conv deb A 3s 82 85'A 57 Va 36 U 82% 1997 85% 58% 45 67% 1st 105 Gen & ref 4'As series B A-O 78 67'/a Buff 108% 1107/a 103 Gen & ref 4'As series A 1951 98% 102% 221% R Reading Co Jersey Cent coll 4s High 14 West & t§AUnion Elec Ry (Chic) Union Oil of Calif 3s deb 216 104% 105 J-J High 101% 101% 65 67% 143% 144% — *219% 225 110% A-O Purity Bakeries s f deb 5s— Public Service 11 106 106 *144'/8 Low No. 100% 100% 61 21% Union Electric Co of Mo 3%s 1st 1st Sold 103% 104 J-J A-O J-J _Jan 1960 1943 Range Since January 1 Bonds 96 Toronto «0 *83% J-J M-N J-J J-D ,,—1968 1972 2037 2037 3 7'A *7'/s M-N M-S Friday's 65 66 M-S 1960 AAdj income 5s_: 4. § A Third Ave RR 1st 5s ext Tol & Ohio Cent ref & impt 3%s—1960 1957 ' 1956 tAProvidence Securities 4s_.__ or 66% A-O 5s Third 105% 107"% *108% ref ref 66% A-O & & Tex Pac Mo Pac Ter 5%s A 89 *106% 1977 Gen — 101% J-D Gen 88% Week's Range Low Texas & Pacific 108 119 *99% Last Sale Price Bid & Asked High 107 *118 M-S J-J J-J F-A J-J , January 1 109 Stock New York Range Since Sold High *108 J-D F-A J-D J-D A—1948 1962 —1974 Bonds Friday's or Low & Ash 1st 4s ser Young Pitts BONDS Week's Range Sale Price Bid & Asked delivery the year's sale range, 101% 101% 101% 99 99% , 4 37 .,15 98% 100% not included in the year's range, d Ex-interest, e Odd-lot sale n Under-the-rule sale not included in the year's range, r Cash not sal# included in the year's range. § Negotiability tThe price represented is the dollar quotation per Accrued interest payable at the exchange rate of $4.8484. impaired by maturity. pound unit of bonds, ^Companies reported as being in the Bankruptcy Act, or bankruptcy, receivership, or reorganized under securities assumed by such companies. No sales transacted during current •Friday's bid and asked price. A Bonds selling flat. week. 200- Section 77 of Volume 1845 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 156 NEW YORK CURB EXCHANGE WEEKLY In STOCKi New list Aero Supply Mfg class A B Class Aircraft Investors Air Alabama Great $7 preferred Investment Alliance —: $3 conv pfd (Mich) Products Allied A Class common—; conv preferred Goods Aluminum Mfg : American Box class Common Cities American Sep 22% Nov Class 20 200 22% May 23% Nov 7% American Gas Hoe Sep 50 90 Vz Jan 4% 200 Jan 4% Hard % Nov 14 12% 14 13% 13 13% Preferred Potash American fir *im % % class Nov 13 Va Apr 7,400 97 % 400 3% 900 1% May 24% May 31 Nov 20% 20% 21 Va 300 18% Mar 22 Apr 1374 13 13% 2,700 7 Va Mar 13% Nov 26 26 Apr 18% Mar 26 % 79% 85 % Feb 39 May 5% 800 4% 2% 100 Va A 8,500 55% 450 "2% 6% 2% 2*% "2% "2% Class B 32 Apr 7% J an Atlantic Coast Line Atlantic Rayon Atlas Corp Nov Capital Nov Carman Jun 300 2 700 1% 1 % 100 8% 9 400 8% 99% 1% 390 1% 98 98% • 1% 9 91% Atlas Drop Atlas Forge Plywood —1 4% 4% ;; Patoka Ayrshire Carolina Power & Light $6 Carrier Corp Carter Nov Co Jan Catalin Corp Hudson " 32 Casco 7% Feb Central Jun 6 Nov Central Maine 13 Nov Central New Jan 4% Jan Central Ohio 4 Va Sep Jan 200 300 Stainless Barium Barlow & $1.20 2,900 6% 100 16% 700 2% 2% 1,200 1% 109% . Basic Refractories Baumann—See Beech Aircraft Bellanca Bell Tel Benson Aircraft 19 Va & Hedges 1% 2% Feb 3% Sep 15% 15% 34 36 4% 193/4 29 Va 50 13 19 4 200 4% 20% Apr 3% 2,100 29% 350 18 1,100 3 29 1' r , 4 Blue Jun $3 optional For i wmwk Nov Apr % Mar 174 Jan % Aug ft July 3% Feb 1% July 2 Apr 19 Oct 777/a Jun 777/a Jun 1574 3 74 3 7s Jan 21 2% Jan 100 378 Mar 2'/b Mar JUly 3% Nov 2% Aug \ 5% Sep com.,.* _ ___1 • Controller Jan i • 35% - Jan Jan Feb X4% Oct j Clinchfield Coal Club Utensil Aluminum 8% Feb 1 Columbia j Columbia Oil 6% May 1174 Oct 20 Cockshutt 1% Jun 4% 700 10 3/4 11 1 74 38% 1174 38 Va 39% 1,700 100 274 1,000 6 74 6% Jan 42 R '/• 111% Apr 103% Feb 83/a Oct Mar 67a Nov Jan 67a Sep 600 6 4% 274 May 5% Oct 90 Jan Jan Apr 374 Jan 73/4 Jan 10474 Nov Jan Jan 8 Jan 107 72% May 20 83 85 85% May 82% 7 • % % 200 10% 9% 10% 4 Vz 4% A 8 2,800 "4% 200 Jan Va Feb Jun 13 Jan Apr 274 Mar 33/4 Sep 3% Jan 474 Jan 6% May * * * —10 Plow Development Co__ common. 10 3/4 Jan 7074 Apr 83 Jan 47 Apr 64% Nov x4% Feb Jan 6 Colt's Fire Patent & • —• Community 25 preferred.lOQ 1 Southern warrants— & 25 1 Public Service Jun ; Jun 36 Compo Shoe Machinery— V t c extended to 1946 Sep ■ Jan 1 Conn Sep 8 Jan 5 Jan Jun Apr A tu¬ 16% ft Feb 1% Nov 1 Jan Mar 474 Jan 28% Sep 52, Jan 40 Apr 82% Jan 76 30 40 Apr 825/a Jan Jun 47a ' ■ 1 40 Nov 2% .Apr mm ... 37a 400 4% 4 -- 6 July 11 Nov ■ . — - % -. - ■'•H— 15 Mar % Feb % Apr Nov 5 Mar Sep 35 Jan 1,700 ' ' 325 27 26 26 ' Jan 6% Mar 43/4 % ft mmi 21 '53/4 900 4% Sep 674 574 53A 100 3% 7 Sep 1% 1% 100 1% Nov 5 "53/4 Gas & 1% -j. Jan Apr Coke Secur common 1 * * Telephone & Electric Consolidated Biscuit Consol G E L P Bait 4 % % ; 4% Co common series B preferred preferred series C Consolidated Gas Corp Utilities 1 1 • 100 100 1 % Mar 3% U, — — «« • ' Jan 474 Aug 674 May - 7% Apr 74 Mar 23/4 Nov ' 2 334 3% 3% 1% ... 600 58% 60 24 24 27% n Xl4 450 290 Jan 15% Sep 34 % Apr 13A Jan 1/256 Mar A Nov 7% 150 1,100 13 Mar A 100 2% 7% 7% Jan 7274 1,000 3,800 32 A — 2% Jun 1 54 la 15 Xl4 Oct May 800 ft n 1/64 4 Mar 250 1% 58% 1/64 - 2 1,900 7 2 — 53% t Jan A Jan 9 74 Mar % Sep Oct 1 Jan 274 Oct Jun 27a Oct aa *mmm ~2% 18 Apr Oct Jan 27 • 6 27 Conn $3 preferred Jan 10% Feb Feb 55 140 '5 —. „ ■ 4 <— Arms. 34 39 Apr 76 Gas—— Mar Jan Jan Nov 14 78 — ■ 78 1 1 Colorado Fuel & Iron warrants 30 % 27 1,900 17a Community Water Service 10 Sep 2% May 76 ■ —• ordinary ' ft Jun 51 A 3% A Mar 67a ' —* Airlines Colonial Commonwealth Nov Co Mar 34 , —4 Rosenberger Inc—% 117 6,800 1,000 Colon & Aug 1,400 6% Cohn 101 3874 6 Feb Apr Apr 4% 100 Gas & Elec 5Ve Sep A Apr , 22% 3574 6% 2% 1 * • ——100 Corp Apr 3 674 99 1,200 6% Illuminating Electric Cleveland Tractor common— Oct 87a Aug 6 74 — Mfg— | 16 Oct 35% May ' —1 Co & Lambert Cleveland 4% 333/a 3 preferred Lights Inc Neon Clayton 28% Jun 2 74 P & L $7 $6 Feb — 7% 7 47% 4% — 19Q 7% 50 % Jan 30 Nov 90 -1 common——— 3% 3,100 % 12 20 50 10 Service Jan 4% 134 % .Oct Jan 325 39 375 7% 1,600 39 104% 194% 6,500 Nov 9% May ft Mar 8% 7,100 4 — 75 ft 1 j mm 1,500 3% « 1,100 121 % 9% 8% Nov ' - 1849. Feb % Jan 18 3% Nov 1093/4 111 • page 100 73/4 9% 3% 4% * preferred 1% 3% 1% 9 9 74 pfd preferred— ——. City Auto Stamping — City & Suburban Homes.—; 2% see 1% 8 Va Aug • convertible footnotes % Sep 100 * Cities Service Nov 27% Aug 21 loo common 1% 39 100 6% May common Ridge Corp Feb 13 xl9% May * 1 ——1 preferred 200 5 — l ~ A * Co———-——1 2,400 10 common 1% 9% common— 174 ♦ (E W) 1% West Utilities—,—50c 6% 434 1 Bliss Jan 274 800 25 Elec & 9% 13 I .,20 Birdsboro Steel Fdy & Mach Co 274 $7 preferred—* Consolidated Mining Claude 1974 9% Bickfords Inc Blauner's 2% * 36 May ' preferred— 274 50 Clark 9 Convertible preferredBerkey & Gay Furniture $2.50 74 i« * * 16% Nov Jan 140 ' _1 common Jan 100 50o $6 Feb 3% i common Jan 12 Va 300 12 %o 100 Cities Oct Jan 12% May 2% Mar -5 common 91% 1174 Aug 74 Aug 150 Childs Co 2% May 1 of Canada 2,200 5% Chief 7 Aug 300 1 Corp_ Sep 6174 1,200 9% 9% 6174 Jan 5 300 374 preferred 74' 72% 9% 79% Oct 3% common common convertible 7% 74 5% Nov ' $1.50 Jan Jan 5% Aug NOV "Ludwig" Mills Inc Beaunit Oct 15 Va 874 Mar 2,800 78% % 3% • Beau Brummell Ties Inc Sep 42 35% 850 7% 61 Va 4% 3% 1 Inc__ 4 0 Va 7 — 35% 25 common 40 40 preferred —* 60c preferred B___———.—* $6 preferred BB ■* Feb 4Va July Mfg— A Apr 10 Cherry-Burrell common————5 Chesebrough Mfg ——25 Chicago Flexible Shaft Co——5 Chicago Rivet & Mach 4 Nov 3'% corn—10 Steel Seelig convertible Oct 474 Metal Weather Strip Co__5 Corp Jan 3 % 15% 15% • common- 14% Apr 1 Light 1% & A'rcraft Charis Jan 22 4V2 6% _30 Co Gas Power Va Mar 32% ft : 67 Mar • Rubber Jan —* America—— & South Cessna Feb % Nov 3 1,800 ■ Baldwin Oct 80 4% 600 ft Power 7% Central 3% Aug —5 preferred Oct May 11% com * preferred_100 York Power 5% pfd—100 Steel Products— 1 8 Baldwin Locomotive— for of Jan Jun 4% % 1 warants 6 74 Nov B Purchase Jun 100 common Nov 32% ~ 4 * ;. 1% 50c (JW) Co common Products— 1% 106 3% 37a 5 Babcock & Wilcox Co 1,200 % ... preferred 9% 62 A Collieries 5% Jan common—;————* Carnation Oct % Mar 50 A Aug 574 % * —.. Jan 87% 374 300 - class 12% iff 2.50 —— Central 1 Axton-Fisher. Tobacco Jan 46 25 9 1% 2% Mar 1 Voting Machine— (BP) & Sons common. 6% preferred 774 5 .— Apr 103 Va Jan Apr 11% July pfd—100 Avery 100 5% Apr 400 Automatic 12% 1 class A Apr 4% • . Jan Feb 12% 5% * 1 Products—— Co & % 6% preferred—100 Corp Nov 2 1 Va 12% 1 voting—— 6% 300 Products Automatic Nov 174 & Foundry Ltd— 75% Aug 10 6 common Nov 10 % Mar —50 1% U Sep 1,000 84 Vz 1 5% Co„ 10 Jun Jan 2% 7'% July 2,200 9 9 2% Nov Ijf Jan 300 84 174 • Corp Oct 674 10s certificates non City 2% • warrants— 8 * preferred 3% 2% —5 RR Co Nov 50 Canadian Marconi—-—; 55% Nov . Jan 1% 1 _• 100 1 Coast Jan 14 Oct Apr 2 •' Fisheries— Coast 3174 Mar 100 10 voting Chamberlin Birm & 10 10 Sullivan & Car A 1% 1,600 Associated Laundries of America——* Atlantic 10 £1 Line trust Class Jan 2% Apr ft Jan 33 % Associated Electric Industries— American dep rects reg_, ——£1 Atlanta 3074 Jun 320 —£1 participating preferred. Industrial Alcohol— 7% 2% 10 Atlanta Gas Light 6% 30% 30% Canadian Industries Ltd— ; 2 Associated Tel & Tel class A Jan Canadian 61% Mar 1% Mar 54% Oct Feb 14% Ltd— Sugar Estate- Canadian Oct 27% 5 Refining Co Canada Jan Jun Aug 2'/8 , 10 30% —20 California Electric Power— 10 Callite Tungsten Corp—— 1 Camden Fire Insurance Assn 5 'Canada Cement Co Ltd 6%% pfd—100 Jan 5% Nov Jan % 55% 1 Tobacco— $3 Inc Voting Nov xl8 25 Jun 11 —* Co Co common Hill Calamba 26% July 21 50 40 100 43. • Cable Electric Products common Jan ss2 42 % July 900 % % ,'. 42 Apr 374 Jun Nov Feb Breweries of • Feb 60 Jan 1% 400 2 Jan 3% 18 2,900 1% 20% Jan 104 82% Mar 32 Corp & Apr 12% 20% 50 Metal Works common Oil 10% 50 300 52 2 preferred—— Burma Corp Am dep rets Burry Biscuit Corp— — Sep aa 3 Va & Light $7 preferred-* Equipment Associated % 200 Apr preferred—! Ashland Jan Va 11 non-voting—. A Burco 27 V2 May Arkansas Natural Gas common Oil preferred preferred 1st $5 Bunker 150 u_ Oct Niagara & East Power— $1.60 Jan 16 Angostura-Wupperman — Apex-Elec Mfg Co common— Appalachian Elec Pwr 4%% pfd Arkansas Power Nov 41% 29 common Fence • July 36 July 95% * Paper % ft Sep 28% May 18% 3% % Writing Buffalo 15% preferred Jan 2% 4% 19 I7e * Co common.. Pipe Buckeye Nov 19 Superpower Corp common—* preferred— • American Jan 13% 12% —10 5% 14% Apr 12% American Thread Apr 4 7,200 2 '/a American 2074 % Jun is .. * Rubber Bruce 12% —2 Common Feb 500 Seal-Kap Post Oct 6% 28% $6 series preferred— May 1% Jan 500 *% * preferred A (EL) 80% 35 American $6 Jan preferred Jan 1,000 37% 1 common 8% dep rets ord reg 4% —;—..* Republics American $6 Feb Jan 550 ; 37% Chemical— & 3% July - Nov 375 Co.. 3,900 Forman Distillers— Brown 4ya -100 — Maracaibo American Meter Co—j._—* 4\ Fence & Wire common. Brown 1,350 36% % i Mach 20 American Light & Trac common 25 6% preferred— -25 American Mfg Co common———100 American Va 11% Jan -25 Rubber Co—, 3% Brack Silk Mills Ltd Laundry American 3% * Celanese Class Apr Feb 1 „1 ; Oct Nov common. American Brown 65 Vz 10 convertible preferred American % May 7% 600" 5% 5 common—-10o preferred- convertible 9% 10% dep rects ord bearer—. dep rets ord reg—— Amer 24y2 May ft July • — Jan May A— British Nov 3% 100 11% 11% 100 Corp 104 % 4% Va common Electric & General Am Apr 19 170 Am Sep A 21% 21 Sep 81% Light— preferred American Class Nov 7 Apr 65 Va 104 104 Foreign Power warrants & Mfg Co British 12% May 4ya 1 Sep 7 a 100 Jan 12 500 77% 76 10 10 Nov 800 — British American — 374 6,600 8,i —— B Feb 25 Sep 1 % May 200 9% preferred Jan 1 A 10% — A 105 —. 3% 3% 100 class Corp 114% . & Brill 99% May non-voting Fork Art Jan 78% Apr Cyanamid class A American Aro Nov 12 Brillo * * Mar 774 A May 9% Preferred 1% 17 11% 34 5% May ———1 Machine Bridgeport % May 100 1% 22% 4% Nov 25 50 Mar 10% Bridgeport Gas Light Co— 3 Vz May Jan % Jan "1% 1 25 Jun 42 33 May 25 Oct 3 Jan 2% —.—.—,.25 B American 6% Feb 97 5% Sep 1% Mar 9% — Aeronautical—; Brewster Mar High 4 100 9% - Lgt & Pwr common 650 A Class B Anchor 107 Sep Corp 1,600 common A American 1st Sep 79 1 Mfg class Convertible $2.50 Jun 89 10c Power Breeze Low 5% 100 —* * 1 —-— preferred 102 B Central American $2 73 90 89 89 —100 preferred— $5.50 prior preferred 4% % 100 300 preferred- Range Since January 1 High 5% • common, Brazilian Traction 1% Aug 78% 2d $5 ' 1st 100 $3 Class Jan • Co Co Oct % 100 % 100 —100 Board 21% aVMar Capital class A common„I0c American Class % 7% Oct 83 78 % 78% 100 • . Book 2 Inc Bowman-Biltmore 108% 109 American Beverage common American 2% Sep 109 common preferred 6% Jan 102 Industries common Ltd 1% 100 1st preferred— 7% • ; Aluminum Aluminium Bourjois .—100 * Aluminum Co common——— 6% Borne Scrymser Co Feb % May • -10 —25 Allied Intl Investing Oct 12 May • —* Alles & Fisher Inc common—— Oct 6 1% Low * 100 25 * Co common— 5% 19 % July • (H C) 8% 4 500 i_* —— .' preferred $6 Bohack Mar Jun 4 300 1% _50 Southern—— Alabama Power Co Shares * & Co (S) Jan 4 200 5 3 Blumenthal Vz 2,500 6 10 Appliance—; for Week Par Feb 20 Va Jun 5% ——-U—>——< Electric 22% Sep Mar 4% . Nov. 20 Ended Week - High Low High 5% 50c 2 preferred——— Air-Way ■' i— Corp.. — Range Since January 1 5% 5% 1% 1 common Convertible Warrants Shares 20 ——5 Sales Range of Prices Friday Exchange Curb York New 16 Va 1 .—— Access of Prices Low Week's Last Sale Price STOCKS Sales 1 (N J) Associates Inc any dealings have for Week 10 common Ainsworth Mfg common Air It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬ occurred during the current year. (Nov.' 20, 1942). stock or bond, in which Range Last Sale Price Par Wire Co complete record of the transactions on the New York Curb Exchange for the week beginning on a Week's Friday Exchange Curb York Week Ended Nov. 20 Acme furnish we include every security, whether tended to they are the only transactions of the week, and when selling outside the regular weekly range are shown computing the range for the year. 14 and ending the present Friday Nov. Saturday extensive following the In the week in which they occur. in footnote a RECORD YEARLY AND disregarded In the week's range unless No account is taken of such sales in Cash and deferred delivery sales are NOTICE 7a ' Jun 39% Mar 27 54 Oct Nov 54 1,500 112% 114 100 Apr 115 Oct 101% 103 170 96% Mar 104 Aug 2 700 174 Jan 2 NOV 53 2 10674 Monday, November 23, 1942 CHRONICLE COMMERCIAL & FINANCIAL THE 1846 NEW YORK CURB EXCHANGE of Prices Last Curb Exchange Nov. 20 York New Sale Price Week Ended •—* preferred $6 107a Sep $5 Jun Nov Gilbert — 9 38% Jan 6 % 100 Jan 1 8274 20 67% May 84 17a 200 7a Gilchrist Glen Sep Godchaux Jun 1% 16 74 Jan preferred ! Consolidated $7 472 Mar 17% 2,600 11% Apr 7 7'8 9% 17,800 4% Jun 9 7a Nov A A A 15,200 as Jan i% Nov 174 100 1 % May 1% Oct 2% 400 1% 3 7a Nov Gray 6% 67a 65/B Nov Great li 187/a % % — Apr 1 Jan 18 125 - 6% Jan 21 x% 300 % 1874 4% 4 9 Aug 11% 12% 2,000 10% Jun .1% ii% 1% 100 1% Aug 15% Jan l7/a Sep Jun 1% May 1 % May — 5 May 5 Jan 45 NOV Apr July 4% Oct 13 13% 2,000 10% Jan 147a Sep 26 25 Nov 32 Jan Sep 9 Feb July 100 94 525 -re 92 30 96 „ 200 "Ja ; Jan 7/a Oct 30 Oct 30 Oct % ,V Jan 1% Jan Apr Mar 27 27 Jan 28 21.7a 21% 100 19% Aug 29 3% 4% 300 3% Aug 4 % 3% 3% 100 2 May 4 Oct 70% 73% 700 .58 Apr 83 Jan ,133% 133% 75 124 A 1,500 A Jan A Jan 200 26 7a Nov 3534 Jan 6% 300 37 37% 5,000 99 ; 99 25 23 : 71 .... i Brewery .l')l , " 26% 267a 27 6% 7% Mar Jun I3A ju'y Feb % Nov 1347a Nov Feb 57a Jan . Oct 108 Jan Apr 109 Jan 3 Nov 24% Mar 20 • Gypsum 39 Apr 2 % May 37% 91 9274 preferred Lime & Alabastine $6 Nov 3 Utilities, $5.50 ;pfd States Gulf Oct 10 Feb 6% New York 88 5 stock common preferred 1st Jan May 25 __* 100 1 Great Northern Paper 25 Greenfield Tap & Die——-4— «._*• Grocery Stores Products common..25c Gulf Oil Corp 25 7 % Greater Apr 103 41 I ..5 - Pacific Tea— & Jan Apr 10 74 • i Varnish Jan 3472 July 867a , 600 —,——• .10 —- Co Atlantic Non-voting Sep Jan 7/a 'A Mar 100 Mfg Aug 7 474 45 45 al3% — common Grand .Rapids 174 2% Sep Mfg 103 7a 4 1 preferred $3 Gorham "2% iil 100 :—,—.——50 class A— Gorham Inc Oct 19 167a 9% Jan 80 _• . Co Mfg Goodman Nov 16% 300 275 99% Nov 54 Apr 21 30 99 7a 4 Mines.. % Nov A May 29% 99 7a Jan Oct Jun Apr 274 Aug • —* Sugars class A Nov A 967a • Coal Alden Jan % 28% 35% 150 53 4% Co Goldfield —5 ; ... Oct July 74 —* * common 737a 300 72 % Jan 12% 1% (AC) Apr 20 20 27% 48 .* preferred ——* —— * preferred High Low pfd A—100 Preferred Nov Oct A Jan % Tobacco common * Curtis Lighting Inc common——2.50 (Mo) Jan 4% Cuban Curtis Mfg Co Apr 350 81 • 10 Sugar Atlantic Cuban 12% "5% Range Since January 1 High 27% 27% Electric common—1 Georgia Power $6 Jan Jan & preferred $3 6% 600 Tire com.. preferred Rubber 6% Gen Water Gas & Jan A NOV *~5% , 25 Crystal Oil Refining common. convertible $6 7% 3,400 ~87a — 25c Co common convertible preferred 88 Apr 7a "5% 5 • International A Cork Jun Oct 60 90 Shares 55 * 1 * " stock A Co General Shareholdings Corp Jan 7% 31 * Crown Drug n% July 1% General 11% ~8 8 5 * -1 —— Crowley Milner & Co Crown Cent Petrol (Md) Crown 107 Jan 2 Wheeler Electric Croft Brewing Co Rayon July 7% receipts (ord reg)__£1 dep American General Aug 3% 700 7574 10 10% 1 50 Crocker Public 4 % July $6 Creole Petroleum ~6% 75 75% —5c 1 preferred A__. Cosden Petroleum common— 5% convertible preferred Courtaulds Ltd— General for Week Outdoor Adv 6% "•» ~57/a 6 * * •-* — Jan General Sales Range Low pfd 100 Service $6 preferred—* Nov 31 % Week's Par Mar lVs 100 ——1 1 —* preferred-Continental Oil of Mexico Continental Roll & Steel Cook Paint & Varnish Co--,Cooper-Bessemer common $3 prior preference Copper Range Co—.— Cornucopia Gold Mines—— Gorroon & Reynolds—— prior 77c 25% 725 20 High 107 f 10 • Royalty Oil Steel Corp. Continental Gas & Electric Co— January 1 Exchange Ended Nov. Week 3 100 preferred 8% Range Since Low 3074 30 30 Ltd 5 .——1 Consolidated Consolidated Shares High Low Par Consolidated Mining & Smelt Consolidated Retail Stores for Week Curb York New Range of Prices Friday Last Sale Price STOCKS Sales Week's Friday STOCKS D common 874 * Hosiery Davenport A 6% Detroit Mich Detroit Steel De Co Dobeckmun common Dominion Bridge Co Ltd— Steel & Coal B Dominion Corp Driver Harris common Corp common Duro Test Duval class B Sulphur—— Texas Jan 27a Mar Hartlord 517a May Harttqrd Mar 17a 49% Feb Hat Corp of 8 7a Nov Hazeltine Hearn 1% Jun 29% July 7% 4'/a 3% Aug Helena 5 7a 17% Aug 19 1% "*274 Jan 3% 6% Hormel Jan 17a Jan 1 44% 19% 1% 600 44 44% 375 41 Apr 1,575 19 May 21 % 19% 16% 11% 35 2% 2% 100 ~174 ~2% 4i % 41 42% 500 44 43 46 y8 % 127a 25 5Va 900 Aug 63% Yj? A 20% % Apr 20 Aug 47a May 2% 2% 5% Div Oct Mar 155% Sep Apr 25 1% 1% 1% 6 Jun 74 Nov 2 May .2% Jan 23% Apr 4 7a (Can) 17a Jun 274 67a Mar 7% Jan A non-voting Class B voting Yards.— Foundation Indus Engineer— Worth Stock Fort 3.74 Sep 10 44 7a May 85 725 2% stock convertible 2% 10 17 17 100 17a Feb Jan 10 ...... 2% 16% $1.75 $3.50 Feb 74 Nov 2 17 Nov 20 18 Interstate Jan 19 y8 19% 100 11% IDA 50 18% May 2% Nov Iron 5% Power Co * 100 1 common preferred common General Alloys Co 20% * — Mar 12 35% Oct Mar 50 Aug * % £1 1 —- —10 For footnotes see page 1849. * * 5274 May 61 800 — 2 2 7% 7% —u. 90 87 , * * Equipment.——J* Nov Nov Mar 150 9 May 13 74 3% Oct 574 Jan 87b Nov Jan 8% Oct 9 Jan 8% 2,500 8 7a 100 57a ' r ' 73% Mar Apr 12% Nov Jan 5 72 Nov Apr 107% Jan 22 20 12 Apr 26 Oct Apr 26% Oct 17a July 14 100 774 Feb 17% Aug 70% 1,450 557a Apr 777# Jan 12% 600 10 Aug 13 Jan 274 500 1% Feb 600 17a Jan 4 7a Apr 1% 1% 7% 50 137a 5,400 13 13 57a % ' 100 % 4 100 A " — 3% 19 ■% 137a 14 14 — ,8 300 Oct 13% Nov Nov 6 7a Aug 37, 7a Apr Aug 227a May 31 3 7a 15 Nov Mar % May V4 Jan 774 July A A 100 '3% 2,100 1% 200 67 Tt 200 60 Oct Oct 87a -Oct 23 July 1% Nov 3/a July Jan 1C3A Feb Feb 10 200 400 8 16 Nov 13% Feb 225 7a ■ 1,200 200 ,1% *1 ■"% -9% 19 19 -- 150 31 Nov 774 July A 274 Nov 1% , Jan 6 30 . Jan 500 '6 '' 9 2 ' — —1 Tt ' 87a Mar 200 ctfs—* r Jan 278 * \ 23'a Nov 863/4 7% 6 , 1 —; Apr 100 12 5/a 12% ' ...* preferred—..—...* 15 Jun 9% Mar A Sep 3% Nov 1-% Jan Sep , ' * 4 Jacobs (FL) Co —— -1 t ' ' 1 ——* Central Pwr & Lt 572% pfd__100 preferred... ■ —. 100 preferred 100 774 1% ,65 Sep Jan 111-. Oct May 81 Jan Apr 88 Jan Apr 95 Jan Jan 116 Jan 6 July 8 Jan 4 Mar 5 7a Aug 70 72 170 61 8274 84 50 68 Nov Jan 174 111 % 65 K July % 2% 23/4 Jeannette Glass Co.. Kansas Gas & Elec 7% preferred—100 Inc — Kings Co Lighting 7% preferred D„ pfd B Nov 2 Nov 6 Sep 77a Nov Feb 15 y« Jan Kingston r 597a Mar 1027a Jan Kirby , 5 % Products.. Petroleum.. 5 6% 674 100 —* Ken-Rad Tube & Lamp A 2 127a 1 2,700 27a ; Mills 50 80 17b 23 % A May 16 74 200 3,400 11 2% , Sep 74 A May 674 Aug 500 1 2% 14 ' — 100 — 90 Home Hosiery . Kennedy's Co Ltd— Amer dep rets ord reg General Finance Corp common—. preferred series A General Fireproofing common Gen Gas & Elec $6 preferred B 5 7a July Gen Electric 5 ',r Feb 374 __ % Sep 68 68% Oct Mar " — — * -i-, Italian Superpower A Jersey — Products. Jan 8 40 — 3% Jan 2 Nov Oct 7% Gatineau 700 Sep 74 8% shares—_—:—-——* Royalty ; • Fireman Mfg voting trust 6% Gellman Mfg Co 3% Feb 14 974 ' 92 5% . Inc.———1 Industries^—.—* Petroleum coupon shs__* Irving Air Chute Oct 11 25 —. Aug 7a Mar Industries Interstate Power $7 July 1 • Jan Tt -~ common——1 Investors Nov Jun 8 74 Mar — 4T» 12 America preferred prior preferred Interstate Oct 200 — 7a 200 22 Razor B—.—■--* International Utility class A —* Oct 16% 900 2 Feb 1,500 1,300 90% • International Safety NOV 107a 10% 2 . 34 ■ Hydro Electric— $3.50 series i—.—50 International Jan 103 Jan 274 87a 5% ———100 .10 Machine... * of North Co Registered Jan May 10% '* .100 preferred Sep 8% —v . Canada .-5 of Great Britain & —,—£1 Tobacco International Jan 15% 2% 1 conv 4% 100 — Fuller (Geo A) Co $3 16% 9 Oct Jan Mar 6 —, International Metal Nov 5 8 1 Fox (Peter) Brewing Co 5 Franklin Co Distilling —1 Froedtert Grain & Malt common——1 Conv participating preferred 15 preferred 1,800 68 9 6474 11 —,—10c Common $1.50 2% 16% ._* • —* ; 7a Mar 5 100 2% 6 Jan 274 Mar 10 * — International Jan 84 84 5 ■ 1074 1% 1% Pipe Line— Insurance Jan 3,300 5% 227a 22 coupon— preferred 7% Oct 9% 53 4% • % % 22% - £1, a Industrial Finance vt c Apr Jun 53 4% Power & Class 8 9 ,_* 5 10 A 374 ...— Nov 75/4 300 62 274 Aug Nov 21 19 7 Jan 467a Mar 500 ' • 874 tt . 77a Indianapolis P & L 574% preferred.100 Indiana Service 6% preferred 100 7% preferred 100 Nov 13% 9 ey8 7 Jan Apr Chemical Industries— Ireland Indiana Nov Jan 72 18 1,600 8 4.^ % 74 . — dep rets regis Imperial Sep 16874 300 7% Aug 27% 15 • 8% % .* International Cigar 7% 3 Jun Jun 112 ' Imperial Tobacco of Nov 15974 Apr 27a (Phila) ._ Light $7 preferred—* Ford Motor Co Ltd— Am dep rets ord reg £1 -Ford Motor of Canada— Association 27t 1,400 ' 3% ■ —• .50 Co.._! Zinc Registered Jan 81 15074 Apr ' Sep 1077a Aug 60% 3% 1 certificates arrear Imperial Oil Jan May Apr ' Oct Jan 3174 2174 50 • ■ 59 3% II _IIII1 Illinois Iowa Power -To—...... 57e convertible prc-ierred— Jan 28 82 1,400 "— / 59 preferred 16 12 1272 Aug Hydro-Electric Securities— IIIIIIII5 Hygrade Food Products .... Am 89 —_ Florida ^-4 • 23% 2374 - : 5 Co....__ Ligonier Preferred Fire 1 —5 Corp Fibre for 1st c Imperial May 625 2% t Feb 9 57 A 21 (Harvey) Inc——— & Refining. Illinois 85 50 1 . , * IIxoo * Jar. 5,700 % 74 20% V Nov 5 10c — ' A Jan Apr Jan 277a Mar ■ I:. 1 Huyler's common Jan 6% 60 168% 168% ——.1 Fairchild Engine & Airplane— 1 Falstaff Brewing —.1 — ... Jan 40 '' 158 158 Fairchild Aviation Co , 774 12 '• — . Jan Oct Nov 81 —; 1 -1 Metallurgical..— —- -,'4.- Jan 17% 12 ' ' Oil International Fedders Mfg 6% 6% • 88% 5 500 6% Feb Oct Oct 27a 6072 ' Empire Power participating stock—*1 Emsco Derrick & Equipment— .5 Fansteel ■ • — Va. Nov 12% July 65 425 71 ''y~- 5 common Jan 6 11% Nov Apr 4 23% 4% Mfg——:———_4 Inc common—,— Jan 3 7a 5/64 Apr 2,800 —— Eversharp 38 72 July 3 67a 3,700 .% 23% Electric 6% pfd _100 Empire Gas & Fuel Co 6 %, pfd—100 6 % 7o preferred — —100 7 7o preferred.; —100 8 % preferred ——:——100 Inc—— Line common— Sep 347a Aug Empire District Eureka Pipe 9% 9% 70 71 — preferred Hussmann Jan 2% Mar Electrographic Corp——— 1 Elgin National Watch Co -——15 Esquire 17 % — — _ Sep Co 24 Jun Oct 9% 100 10 M. Jan 674 Jan 374 Mar IIII5 — Jan 10 .. 10 Apr 20 ' t - * Jan 29,100 .. Equity Corp common $3 convertible preferred 17 10% May preferred —* preferred———— —.* Electric Power & Light 2d pfd A__—* Electric 57a V-'-- ' — Hummel-Ross Jan Sep 2 2% $6 Emerson % Jan 34 30 1% $5 warrants '' Aug 7% Aug • ... ' 6 200 7% 7 » '• — C> Humble 22 74 Mar 9%> 600 11% 34% common—5 Bond & Share 6% 10 Hardart Hubbell Jan Jan 7s 1 * —• preferred v t c——— Easy Washing Machine B„ Economy Grocery Stores $5 Jan 52% 33 9% —* * preferred series A— $6 preferred series B_!— Eastern Sugar Associates— Option 8% % May Corp $7 Electric 6% Aug Iron————25 * Malleable States 3,200 8% 7% Picher Lead—, 10 East Gas & Fuel Assoc common—, * 4 72 cio prior preferred— 100 6% preferred 100 Eagle Eastern 3% May 25 participating A. Inc & 5% " Eastern 25 Va Mar 1,500 (Geo A> .& Co common- -III* (A Horn Oct Jan 150 4% ■ Horn E Jan 30 7a .—* common—.. Chemical & Co class A Horder's July 8 Feb Jan 47a —2 Hollinger Consolidated G Holophane Co common Oct Mar 1 Jan Nov 2% 30% Oct A 3% 2074 Sep 172 4-% ... Rubber common Hewitt % Jan 100 300 • Heyden Hoe (R) 25 7a 600 1%. 174 ■ « Jun 67 July 52 2 % May 14a/a May 3 7a 1 1% : — Henry Holt & Co Apr 7% Jan Co Apr 307a Preferred Jan Aug 20% Mar 150 58'A 57% Heller 10 74 Mar x6 4% Rubenstein.— 29% July Feb 37t Feb 1% -.250 Class A.. Nov li 31% . 14 3ye Aug 1,100 Sep 274 Feb Jan Jan 50 Mining Co Hecla ;■ MW. .3% ' ' . II"5 preferred convertible Jan 1 America B non-cot com—1 common. Jan 19 46 72 Corp— Dept Stores Apr May 174 Aug • 6% 10% ; 200 177a 600 Jan 18 74 Mar % May trust ctfs Co Brewing Jun Xl7% Aug voting 474 May Feb 15 40 16% 16% .10 25 1 1 — Light Rayon Apr 39% 7 Paper 3% 5 —; Electric Harvard Oct 110 Co Lamp Feb % 500 1% 17a _1 —• ; Hammermill 105 10 * Co Hosiery Durham Jan 10 * Draper 3 74 108 . common Jan 108 10 * 1 :——1 * * .—25 common Truck Divco-Twin Hall Jan * 1 common—: Vilbiss Co Diamond Shoe Aug 37 Iron Foundry—! 1 Stove Co common—1 Products ——10 Gray Detroit Jan 25 25 warrants—20 preferred without Nov 49 • & Mfg—! Gasket Detroit Nov 13 i9 100 Refining Corp com convertible preferred—— 15 Jan 1 -50 debenture— 8% Derby Oil & H Feb 18% 130 247/a 2434 247a common———5 preferred-— prior Oct 8 7a May % 6 1 Dejay Stores Dennison Mfg class A $6 50 2% 1274 ———35 convertible— ■Class A 5 200 12% 14 1 — 874 12 Tt 5 Mills—, Dayton Rubber Mfg. Petroleum Darby TOO ——100 —I 1—1 277a Mar 53 Jan Jan 19 Apr 39% 1% 1% 800 1 Jan 1% Oct 174 .174 600 17a Mar 2 Feb Volume 156 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 NEW YORK CURB EXCHANGE York New 1 Low Par Kirkland Lake G M Co Ltd Klein Emil) (D Kleinert Co Knott Corp common Kobacker Stores Inc_ xlOO 90% 89 — , 190 12 % Apr Navarro Jan 8% Oct Nebraska 2 100 * _ Jan 4% Oct Nehi Corp Oct 10% Feb Nelson 99 Sep Jun 81 Kress special preferred (S H) Kreuger 50 13 ,—10 % Apr 52% Feb 100 -4 — . 12% Feb 13% Feb 100 13% 13% « 1 Co Brewing 4 2% Apr 4 6% preferred— preferred -$2 Jan RR (N J) Lamson 7% 2% .1 1 Lane Lane Wells 1 of Delaware— Bryant 7% preferred.— Corp Co 10 17 Oct 1,600 5 May 9 Jan • 2% 200 2 July 3 Jan 3 100 2 Jun 3 Oct 2% 3 5 ' 1 Convertible preferred Lehigh Coal & Navigation Oil Line Star Gas 6% 10 Vt Jan 4% Land & 50 July 5 100 19 12 y2 Apr 7%.. 20 Jun 2 pfd— '/a' 4 Apr Nov Aug l'/o Conv 1st 26% Oct 650 13 23% Oct 100 % 4% Sep 1% 31/8 4,600 Jun Apr ,♦ — — 4% 102 Sep 12 100 2% Mar May 93 100 7% pfd_. 1st pfd v Lynch Corp t c —.5 common. Y & Honduras N N 12 Mar 10 19 19 250 19%- 167/« Jan Y Sugar optional warrants..—. Mangel Stores N Manischewitz Mapes Oct Jan Sep 12% 23 Oct Mar (The B) Co munication % , 100 25 25 July 8% — — — Jun 1 % Mar 100 27/a 50 25 New York N Y 24 Sep Oct 3% 55 8% 5% — 2d Class A B Class A Nineteen Hundred Nipissing Steam Shovel Mines * - 2V2 2% 100 aY — «'« McCord Radiator Mead & • Mfg B__ & Mercantile < — Stores common... — 3% Va 41 Feb 6% Apr 130 90 Feb 2 Aug . 2% — — .. 18 . Merchants & Manufacturers class A—1 preferred— Participating * Oct 22 y2 — — — Mar 2 common..—.: Chapman Scott & 6 '/aA • — Warrants —... preferred $6 Textile B preferred Participating 15 Metropolitan Edtson $6 preferred. 1,800 l'/a % 2 2 Oct Securities 3 3% Nov 1% Mar 9 Oct 126 Jan Ohio RR Ohio Edison Preferred Micromatic Hone Corp.—— ' 1 Middle States Petroleum class A vt c.l Class vtc B West Middle Corp Midland Oil — .1 5 common Corp $2 conv preferred—* - 94 Apr Jan 1% % Sep 1% 37 Sep 69% Feb 21% Oct 53 Jan 1,375 10 400 2% Mar 100 86% 10 86 Apr 8% Jun 4,600 Va 66 % 800 21 900 21 500 Midwest Oil Midwest Co 6% ,100 21 3% Public Service 7% Feb 1st preferred Oilstocks Ltd common Mar 29 115 Mar 1% July Sep 2 Nov 32 106% 4 Oct Oct Nov 72% Oct Apr 102 Jan 108 Jan Oct 1% Mar Mar 10% Nov 6% July 18% oct 2% Feb preferred— —x,. Oliver United Filters B 400 14 Jan 40 76 Sep 100 Jan 100 110 Feb 113 % Nov Nov 109] J Nov 1% 190 Jun 17% Feb 104% 106% 112 Jan Apr 110 Feb Sep 98 Feb 7 Aug 100 12 16% 100 108% 16% Mar 5% May 80 Apr 40 108 Apr 95 ...50 108 May 4% — Sep 17% 48% 111 Oct Oct Jan 4% Sep 1 Securities 3 Jun 4% Jun 1 Omar Inc Overseas 600 91 prior preferred— conv 2% 17% 89% 91% Natural Gas common— —15 1% Jun 3% Nov Feb 4% Jun 5% Mar 2% Jun 4 Pacific Sep Co Can 8 • common— 5 % % 29% 1st Public Sep 1,200 2% July 4% Nov 9 Nov Paramount Feb 400 , 90 Corp—— Co.. 9 3% 3% 4% Feb Aug 3% May ■' 1 ' Oct 87 3 12,700 July 31 27% 100 2% Aug Jan Nov Feb 3% Oct Nov 14 5 % Oct 3 % May Jan 14 4% May 9% 10 10 — Apr Apr 11% 1st Motors Oct 24% 22% Mar 71% Aug preferred..—.:——: —• Pantepec Oil of Venezuela Am shs $1.30 1,100 • — % 30% 27% - Service Va Mar 29% 26% Pacific Gas & Elec 6% 600 11% May 100 15% 15% Nov 25 Sep 41% Jan 1,100 30% 1%, % May 1% Oct 7% Nov 24 200 x5% May 14 •>. 350 300 13V2 Aug 1% Sep 14% May ft % May % May 6% 350 2% May 32 Feb 48 Nov 67 48 — & Reel—————1 Parkersburg Rig May 82 Peninsular $1.40 Telephone preferred 8% __ Penn 200 8% ;; 5- ? 100 '4% , ft 4% 4% 16% 31 3% 4% 9,300 9% 9 9% 1,900 — 31 • — __ y v~ : Dakota Utilities— May 103 . July Gas Power $6 & Sep — preferred....... Apr 5% Nov Penn Salt Jan 7% Aug Penn Sugar Prop 5% Feb Penn Water & 4 Apr 100 15 Aug % May r, 30% Mar Peppered Mfg _* 162 163 —* — 560 163 Co • Mountain City 1% Feb Perfect Circle Co__ 'i<r 1% *« ' Copper .commor).——15c •/ 1 10 . Mountain States Mountain States Tel & Tel.... Power Murray Ohio Mfg Pilaris Tire Aug 6 Feb ,4 Co • _2Va 152 Mar 163 < • . 12% — Feb 18 Sep 15% July 20 July Phila Electric — * Packing Securities Conv $3 y'"*, 1% May 2% Jan Pierce 5% Nov Pioneer Oct __ \ , 74 Gold May 11% Feb 68 70 114% Jan Pitts & Eess N 1 Bellas Hess common National Candy Co Postage L E 36% 100 81 "3% 1% Container , ... 44 !4 50 , (Del) 1 National Fuel Gas Pittsburgh & Lake Erie Feb Pittsburgh 68 Va Jun Pittsburgh Plate Inc 9ya * common^ 9 9yB, 2Va~ 2Va National Pwr & Light $6 pfd unstpd..* preferred stamped * National Refining common Rubber : 1 ~1 7l% 1,400 5% 300 National Steel National Glass .'. Tea Ltd.. Car 5y2% Tunnel. & footnotes 12.50 Pratt Premier Jan 45 200 8 Apr 10% 10% July 1*% Jun & j Mines see page 1849. • 45% 80 79% 82 May 3 & Lambert Jan Pressed Jan Producers Jan Co Gold Mining Prentice-Hall Inc Metals common.. of Corp America of Nevada • Feb Apr Feb 12 Jan 85 Nov 1,000 — — 500 2 Oct 3% Feb 8 100 7 Jun 8% Apr 7% Apr 8% Jun Va Apr U Jan — __ -ft.- r- n/ 400 — 19% 19% 300 % 19% % Prosperity Co class B. • Jan 6 % 1st preferred 1% 1st preferred 100 5% Jan 7% Jan Apr 26% Nov 11 Jan — 100 Oct Jan 2% May Feb 2% Sep 2% Jan % Jan 4% of Oct Feb 20 Jan 2% Apr 33 6% Mar Jan Jan 4% Va 35a May Jan Sep fto % Mar Feb Apr 5 Nov 7% Feb Colorado— Puget Sound Power & Light— $5 prior preferred $6 Nov preferred Sound Pulp & Timber Pyle-National Co common Jan Pvrene 7% Mar 12 Public Service 16% 3 • Gas 2% 9 4% 33 200 93 Nov 4% Jan 1,500 95 6% 1% Mar 3 100 1V Jun 7% Mar 55% 2% "3% Apr 900 Oct Jan rV Apr 2% 5% Jan 63% "3% 1% 2'/2 1% 43 1 62 % 2% 4% May Oct 10% July Jun 1 68% 1,400 Oct Feb Nov Oct • 40 12 % 4% 7 Va 44 2% —1 700 21% 8% May Oct Nov 32 8 2% 25c common— 85% 11% Oct Sep 39 8 % 10 787/a .... Feb 4 4% 37 • 200 10 22 44 Corp of Canada Power Sep 300 Oct 250 200 Nov * National Transitl 38 51% 2,200 Oct 100 7.50. 84 V2' 6y4 Nov 96% 9 38 45% 4% % 1,900 1 78 6y4 Oct 52 50 38 4% 13% * preferred, 5% — 4% Jan 20 common.. 25 78 • Sugar Refining National - 4 15% * Machinery ■- 10 84'Vi" . 31 % Mar 1 1 Providence „ 3% Mar 300 5 Jun 44 y2 9V4 Jan 4,300 5 Apr 44l/4 3% 200 7 % 42 Alexander Powdrell Feb 700 Apr 4% 7 43 * ... common Scale Sugar Oct 11 15'/4 Apr May 43% 6% 1 • Mining Co 9% i'K 4% • 50 Metallurgical—. 11 14% Jan 1% 29% 10 ,—50 Apr 18% __ 9 ♦ ... Mfg & Stores • 1 20 100 Jan Mar Jan Nov Aug 2,000 1 —25 Meter RR.— 97/8 6% May J r— National City Lines common $3 convertible preferred Jan 4% 420 • 5% Polaris ^ ' Breweries common National % Jan 175% 96% Ltd.—— 12% Potrero National 100 Apr 125 52 common Jan .y 7 % Oct U Nov ■ 600 95 — Aug Pneumatic -— Sep 55 30 50 50 pfd May 7% Plough - 105 Oct 95 common— Mines Pitney-Bowes Apr ' • % Oct 59% 3 Pleasant Valley Wine Co. Nachman-Springfilled ——.—; Feb -ftr Mar 520 —• Co.. Governor -99 57 : 30% 51 preferred series A May 5 — Oct 23 * —... Power 5% Phoenix 6% 7 100 12% __ —100 —_j._. 110 111 Feb 4% Oct 9 "i_ ' 110 — * common.,— .preferred — .100 Oct 56 100 72% 73 Philadelphia Co common & Rubber 4 ' common...—• Muskegon Piston Ring... 1,500 1% '.: 1.%* — 10% Oct __ — 1% Mar 5% Aug ; ; Producers 50 19 18 Mtge Bank of Col Am shs— Apr —100 — Phillips Moody Investors partic pfd—____. Jan 20 Co—_—— Power Mfg ; common— Aug 15% — Oct Jan 31% Aug 5% .- • * ... Co.——_—; 5 ,' . 30 2% 39 . * $7 preferred Light 1 10 May 29% July 50 —• & Elec class A com. Penn 3 Va 1,100 , 18% 31 3% Pennsylvania Edison Co $5 series pfd_* $2.80 series preferred.. 24 — .,—.—25 1 Airlines common.——.,1 Cent ' Jan 90 — V5 . —* common. A__ Pennroad Corp common 5 —— Pictures common—,„__1 Society A——... —1 Ward A__ i— Montreal Light Heat & Power.. For Nov Apr 11 —5 5% —- — Tool——I—.16% Montgomery National Jun 6% 80O 200 " National % 87 .100 6% Feb Monroe Loan $6 Nov 52% 21 72% 1st pfd— .100 8% 45% ft ...1 Corp Monarch Machine . 21 Jan % Mar Jan • National Jan Oct 2*2 47% Jud Voehringer common—__2.50 National Sep 88 10918 104% .100 preferred Oct 13% ; 2 ft " Mississippi River Power 6% pfd.—100 Missouri. Public Service common:—...• 6% Feb Apr 70 .100 called preferred Power 4 % % Ohio Penn Pwr & Co Jun 112% 112% preferred 6y4 6% .1 — & Mfg........—_* Light 7% pfd—.100 Mining Minnesota Muskogee 3% & May 3% May 1,200 5% Apr 15% May 15% Mar 250 17% % 50 % — 10% Feb 50 1,830 4% Jan 5% May 17 400 1% Supply.—14 & Minnesota Mountain Jan 14% % 700 3% NOV 90 88% 6% Mining. Corp of Canada.——'ft .*—■■- Montana Nov 3% % 200 91% 17 common—. 1st pfd., 25 preferred— 25 Pacific Lighting $5 preferred———.—* Pacific Power & Light 7% pfd——100 30 % 1% ————.—10 Piping Monogram Oct Feb 1/128 Mar 8,500 10% 17 Jan 15Va * ,————.50 Mid-West Refineries Molybdenum Nov Jun 600 99% 101 % "4% • Nov 14,300 300 2% class B Ohio Jan Jan 8 common——,——( Mid-West .Abrasive Mock Jan 7% 37 Apr ' Co 102 19% Products— $2 non-cum dividend shares Midvale 6% July 80 % 86 101% 25 1 preferred Parker Pen Midland Steel Jan 19% 91 pfd-100 Jan <• — 25% — 1% 4% Jun 70 3 3% 4% 4% 16 300 7% "% ""% Apr 100 Jan 100 7% ' Oct V- 91% 20 % „ Jan May 63% 20% 3% ftj 100 74 % 64 400 — ft— 4% . 81% May 11% July 2% 6%- , 10 30% aY 5% .—...10 Feb Nov % % % Feb 12 50 47 8% 5 class A Jun 3% $5% Va ; Vo.ft Apr 2% 5 ———.100 10 : Power $6 Ohio Oil 6% $3 99% July .———...... Jan 3 Vis Jan Jan 37 86% 200 ——2.50 Michigan sugar Co 1% Oct 18 —.—50 Co Corp Co Brass Pacific Michigan Steel Tube 16 Apr 1% O Jan 26 % 87 3 ~9 % —' 97 30% • Central Texas Oil—... preferred—. Apr iy4 * 700 45 45% * Indiana Public Service 6% 7% % 4i Jan 200 . — — .—.—1 Michigan Bumper Corp.— 1 • .. 12 1% 50 Utility American Penn 1% * common prior preferred 6% 94 1 1 300 33 * North American Rayon class A.. Sep 3% — — 1 25c Corp 17% 1 % 2% — —-—1 preferred— A Mar 800 5% • ...100 Messabi Iron Co. Metal 4% 5y4 , — 100 7% & Power common..1 North Amer Light Oklahoma Merritt 200 Oct Jan 1,000 115 2% 1% 2% 100% 101% 37 Jan Apr 2% May — 112'/a 2y2 5 . >\ — 113 * Co Memphis Natural Gas' Jan Oct aa 100 68% 1 —5 Electric Noma States 2 y4 May 600 3% 1% 3% 1% - — Dredging—.. Johnson — Apr 87 Ogden Corp common Massey Harris common... 50 Nov 100 ^ ' — 800 16 * — Pipe Line 2 Nov 60 Va ~~% "fto Corp B Northern 11 13 97 87 5 100 —— Northern Sep 3 Apr 10% Mar 1; 256 Mar preferred Niles-Bement-Pond Sep Jan Jan 4% 100 11% 10 100 .100 Niagara Share class B common Nor 1 — 7% Aug 101% 17 —' 100 preferred—, preferred optional warrants optional warrants— 1st : 5% Oct 8% ; ...—* ..... Apr Jan 12% — 5 Power common Jan 27 80% 30% 1% ~r«*» pfd-100 pfd Service 6% Novadel-Agene Mass Utilities Association v t c—..1 McWilliams Oct IW Jan 57% 58% 1 Transit Co—; Niagara Hudson North Oct Apr 7% Aug — -V- ... shares Water Jan 1 Com¬ , Margay Oil Corp Marion — 27/e Co.—— Marine Ltd. Co Oct 1 % 12% * 7% preferred—100 • N Y State Electric & Gas $5.10 Northern — *\ Mfg International , m preferred..——• Consolidated Marconi Oct 9 Y Shipbuilding Corp— •Founders North —1 ... convertible $5 " — 10 preferred 6% ; — __ 10 Rosario— & Light Power ,$6 Class Manatl . 2% Merchandise Y Jan Ludwig Baumann-& Co— Conv. Aug 4% Apr 19 Va 600 * common Oct 1 250 2 Co 26% Omnibus warrants— Class Feb 8% Va May 14% Aug ' 4 14 57/s Nov 24 19% • 1' Mar 1 Jan 20% y4 100 21 Exploration.— 1,200 6% 19 11 2,300 % % 100 & Light $6 N , -ftr Nov 27% Apr 13y4 50 12 y2 7% 7% ' 21 % ——1— City Feb 5 iV Jan 20 °/8 —5 Packing Power 200 6 Va 18 y4 3% May 3,700 1,800 Va 24 6y8 I,—• * preferred class B— Louisiana 4% aV _...—• Corp..— Louisiana 4% 18 % 150 * 2% 23% Inc 6% preferred—25* Long Island Lighting common—.. 1% preferred class A Loudon 9% Mar 5 common Auction Y Jan • . Y 25 — 1 Land Arizona & Mexico 26 Nov 1% 2 Va — 1 Locke Steel Chain Lone Feb 84. Feb % .——25 N 2% Mar Jan ' 25 _ Material Co— Brothers 16 Apr Oct 1% • _ (R G) Inc Lipton (Thos J) Lit , Development Le Tourneau May 1 Mar 113 Apr 6 % „ —* Zinc N Nov 2 ♦ ' common New July 7 1 B Leonard 102 13 y4 Langendorf United Bakeries class A—* Class Jan 5 % May 100 .—100" common. Lefcourt Realty % Aug 11 Aug 2% 100 „ • Co Inc common New Jersey 43% Mar 19 % 6%* *"'7% 19 y4 —100 Ltd—.—x Lakey Foundry & Machine Idea Clock Haven New Mines ~3% Hieh Feb 84 100 Tel & Tel England New Lake Shore % 9% Aug 102 % Sep 200 , 3% * 100 * England Power Associates New New Lackawanna 400 ' 1st preferred—x—100 convertible — * Co class A Mur Low U 11 10% —— * —5 * (Herman) Range Since January 1 High % 11 100 1st pfd Nestle Le Shares 30o preferred Power 1% for Week of Prices ►J 0 9 '—* Co— Corp Neptune Meter class A Kresge Dept Stores— i'/o Oil Sep 7% — 4 4 1 x preferred Hoppers Co 6% — Radio Union National % Mar 9% 200 10%- Sales Range Par 7% 10% - . Week's Last Sale Price Nov. 20 High A Sep * ——10 common, Low High Friday Exchange Curb Ended Week Range Since January 1 - ——1 Rubber Co (I B) STOCKS York New Shares of Prices Sale Price 20 Nov. for Week Last Exchange Curb Week Ended Sales Week's Friday STOCKS Puget Manufacturing • • Apr 109 Feb 106 Apr 111 Mar Mar 108 % Jan 52 V2 Feb Nov 16 % Jan 96 % 110% 110% 10 103% 106% 106 48% 375 87 48% 1,525 35 44 Oct • 6% 5 8% May 8% May 6% July 7% 10 — ' Nov THE COMMERCIAL & FINANCIAL CHRONICLE 1848 Week's Sales Last Range for Week Bale Price of Prices Shares Friday STOCKS Exchange Curb York New 20 Week Ended Nov. Low Par STOCKS New Range Since January 1 Low High York Co Power Quebec 72 Va 72 % 20 146 146 56 Apr 10 72'/2 139 May 8% Friday Exchange 1074 ft 77a 350 74 3/a 500 83/4 High 3/s Aug Nov 200 8 74 Apr 14 7a Machinery * 11 12 300 972 Apr 12 **1% "2 700 41% 41% 100 39 7a Jun 47 48 1,100 26 1 -1 Oil 1% 50 6% Sep 1/4 "874 15 45 7a Feb Apr 50 Nov Feb 11 Feb 77a ♦ Corp Jan 274 103/4 r- 25 com Jan 97a Sep 1% May Jan 200 87a Nov Oct Nov iVMay 2.200 Low 74 Mar 14% Swan Finch ft Range Since January 1 High 147a Sun Ray Drug Co Sunray Oil 57a % convertible preferred Superior Oil Co (Calif) R Low * Superior Port Cement class B Radio-Keith-Orpheum option warrants- Shares 5 Corp Sullivan Oct for Week Co_. Jan 150 Apr (Hugo) (S) Sales Range Par Nov 737a Week's of Prices Last Sale Price 20 High Stroock * 100 * Curb Week Ended Nov. Stinnes Quaker Oats common 6% preferred— Monday, November 23, 1942 Railway & Light Securities Voting 10 common__ Railway & Utility Investment A___—1 % • 4 Raymond Concrete Pile common,, $3 convertible preferred Red Bank Oil Reiter Foster Oil Corp Electric Republic Engineering Stix Goods Dry Richmond Rio Grande Taggart Corp common— Tampa Electric Co common 1 Cable Corp Rome Petroleum Root 100 7a Oct Power & 1974 200 7b 3% 2,800 Oct 17a Jan Thew 3,000 37a 3% Texon Oil 7j July 14% Apr 500 . Light 7% Ryerson & Haynes common—— Shovel Co 173/e 300 14 474 4% 300 3 2% 23/4 200 —5 common 3/4 s1* Apr 78 Nov, Jan 113/4 Nov Tobacco & 53/4 Jan Tobacco Product Oct Tobacco Security 1,600 193/4 Nov 113/s Jun x67i 72 Mar Va Allied Stocks™. 1 Jan 74 Jan Amer Amer dep def 833/4 84% 50 85 77 95 May 10% May 200 8 8 378 774 2 Jun 600 174 Apr 15 300 9 74 48 7a 49% 300 27b 2% 2,100 2 7b 2% ,•1474 15 Jan 972 43/a Apr 100 27a Mar Jan 3% Oct Jun 173/a Nov Aug 5 7i Feb Feb Apr 2 7a Jan 49 Oct Jan 37a Apr • 474 Aug reg ; Shipyards Corp Toledo Edison 6% preferred 7% 474 Aug 1 __ Jan Feb —• Nov 1 Tonopah Mining of Nevada Oct 95 367k Mar 53 Jan Trunz Inc 15 Tubize Chatillon 133/4 Oct 100 23/4 Feb 33/4 Mar 37a 700 3 7b Jun 57a Feb 3% 33/a 33/a 800 1% Jun 37a Nov % 200 74 July li 577a Nov Jan Mar x103 Jan Mar 111 Jan lY A 1 —10 5 7a ' 800 Va Mar 33/4 May A "4 Corp Oct Nov 7% "47a 800 3 Jun 5 39 550 29 Mar 39 200 1 Jun Feb 1 = 7a Oct Class A 1 Tung-Sol Lamp Works 80c convertible preferred 37% 1 1% 1% 674 672 300 2 7b 1,300 1% 600 — * T 74 13/a July 6 Nov 1,600 —, Jun Apr 6% A % Apr 1,600 6 7B ——:.—• 74 700 17s warrants— . % 1 5 72 J May 372 200 95 -1 Transwestern Oil Co Tri-Continental 3% 66 85 Trans Lux Corp Jan 37a 62 100 Jan 33/4 62 100 preferred 15 27a Nov 87/b Jan 12 74 Mar Apr Jun % Trust Co Ltd— dep rets ord regis recs 86 40 V8 * 3% Mar 20 ey8 July _• Exports July Apr 5 74 100 74 % 17 — TUo 27b May 300 6 . Roofing Inc— ———1 Tishman Realty & Construction—. • 10 1 - 300 pfd & Land Co 9 72 -2 72 Aeronautical Co__— Consolidated Petroleum— Ryan Ryan 374 Texas —... — 37a Apr 3 Va 1 Russeks Fifth Ave— 20 517a 49 % Royalite Oil Co Ltd—*. 99% 45 1974 Typewriter Royal 997a —2 20 "% .—20 preferred— $1.20 convertible Jun 467a 5 .—*— Jan 167a 467a 1-5 —-—-— Co 2V» 700 1,400 • Technicolor Inc common-—-———* ♦ Roosevelt Field Inc 3,900 8 7s Apr — common-— 2% 187s 73/4 167a 15/b Aug pfd D„ ._100 Rochester Gas & Elec 8% 2% 173/a 127a July Todd Roeser & Pendleton Inc 2% 17% ...7% 50. 1 Valley Gas Co v t c Oct 127a 1 Radiator Sep 1278 —i—1 1 —* Manufacturing Co— Rheem Rice & Aviation 41% 12% —* 50c 5 Reed Roller Bit Co Reliance ■ 1 Co 74 Jun 46% 10 * * Raytheon Manufacturing common__50c Packing Co. common-— Rath Apr % Jan 40 674 Oct Oct Aug 472 July l3/4 Feb 774 Oct 2 3 U 1 Udylite Corp. 27B ft* ft* A Jan 174 July 1% Nov 3% 5 Jan 3% Aug 7% Jan 2 2 7a Apr Sep ' St St Corp Ltd- Lawrence Class $2 A Regis Paper common preferred 7 % Salt Oil Dome Corp Mills Sanford common — Savoy Oil Co Schiff Co — Scovill 100 -,ji 25 19% 207a preferred Electric Lace Scranton $6 Steel Jan % Nov 17 17 Jan 12 Apr 87b 800 Apr Nov Jan 20 7a 1972 May 111 —-—♦ % 50 Mar 153/4 27 19 United Corp 70 100 43 77a —* - 77B 40' 43 29 69 July 674 Bros Inc Seeman Jan 9% Sep ■ Lock Segal 27 Hardware-——:. & 1 - Shoe Co % $5.50 467a Mar 7a ' Jan 1st Oct Sep 74 % Jan Nov 700 1 Mar 5 Nov 300 48 74 "-.III 38 Apr 51 51 Nov 600 7a 2% 2% 23/8 1,300 47a May 57B Feb 4 Jan Sep 9% 25 77% 75 75 pfd series AAA——.u.100 113 110 113 Feb 59 3A May 110 Jan 1,110 12% Nov 787» July 115 Silex Co of * Canada 6% • ' * — — - 93% Sep 872 May — 11 Jan Aug Simmons-Boardman Publications— convertible $3 Sioux Gas & Elec 7% City Smith (H) Aircraft Solar Manufacturing Boss If—, — *.«• " .130 Apr 1% '■ 1774 July 90 . —— II-1 1 • ' ' 2 Apr 874 Mar 182% Oct Feb 274 Nov 25 8% 8 74 Co.—— 10 17372 17372 pfd— .100 Apr " ' __£1 — ' ' ■ .100 — 1574 ' ft--* III1 Paper Mills Solar Sonotone • preferred— Simplicity Pattern common Singer Manufacturing Co Singer Manufacturing Co Ltd— Amer dep rets ord regis 90 Nov Nov Nov 874 Nov 2 274 500 172 Jun 3 Apr U Nov 2 2 2% 300 1% Jan Apr 27a 1 2 74 Nov common—. 1 2 2, 2 100 172 Sep 2% Apr 1 1 Co— Corp Manufacturing South Coast Corp common.— South Penn Oil— '■ / •:7 Li' 400 17/b Jun 3% Oct 2,300 27% Apr 363/4 Oct 25 2 Jan 27 3% 3% Pa 36% — Pipe Line 36 36% . —10 — '■ California Southern 5% original 6% Edison— ';t; preferred B 5 7a% 1 —25 Colorado Power class $3 2974 29 —25 27% 27% Southern New -100 30 39 2974 42 2974 23 7a Mar 277a 300 74 F^b 0/4 "" — — , 42 Mar 105 May 122 Feb Southern 8% Royalty Co__ Spalding (AG) & Bros 1st preferred— 200 6 Jun 774 Mar 17a 500 1 Aug 6 72 100 7a. % • ,, 22 23% 60 * 2% 2% 2% 200 preferred 10 Oil Standard (Ohio)-—5% Power & .7 2 1174 200 200 9% 1% 100 Standard Products Standard Steel Standard Starrett Tube Co— class Stein & Co 5% 1st 10% United Shoe 2d 4% 474 2% 2% and International U 8 Rubber $7 convertible For footnotes see Wall 87a Jun 100 Apr 7 274 Sep 372 Jan 8% Apr 700 A Sep i\ Nov May 617b Nov 60 300 9 ~2 Vb " 5 7fl 100 Va Apr 20 20% 110 12% Feb ; 1% 1% 1% 7,900 % % 73/4 500 1 8 14 74 1474 common 1 29 30 Universal Products Co_ 7% i— 7% $4 convertible Feb Jan 51% 300 "%: 800 45 100 % % % 167a 16% 25 ,4% 4% 1,400 473/, 83% 67b 43/4 Jan % Jan Feb 47 100 Aircraft Waitt & Bond 37b Jan Walker class A Wayne Knitting Mills— Apr 17% 5 7b Oct 60 413% Aug 9074 Jan 8% 100 7 7» Mar 67a 100 33/» Wellington Oil Co 700 Inc Nov Weyenberg Shoe 600 2 Apr A Mar 46 Apr '*"274 "2% 200 Aug Willson Jan Wilson-Jones Aug Oct Oct ">8 "% 2% 2% 27a 300 8 Apr Feb 7% Oct 4% if Jan 900 200 li 2 357a Mar 172 Mar Apr 1 Jan Jun 37a Jan Products Mfg Portland (F W) 300 57< 4,400 Jan Nov 27/b Jan 472 Nov 2 Mar 5 74 Nov Oct 872 5% 100 13% 75 5% 5% 100 Mar Oct Oct 75 15% Aug 16 7< May 25 12 Mar 13 7a 574 July 53/4 July 57/a Feb 67a Jan 874 Nov Nov Oct :_1 ♦ 5% Sep • 1 Aug 27a 8% Jun 12% Jan 63/b Jan 7a Nov 104% Nov : Light 7% Cement 1 8% .8% 9 Va - 600 pfd„100 ; receipts— • * Jan *" ~374 200 9 Jun 4 Jan Feb 5 July 3 7b "3 74 Mar 4 "374 10 5s 9 94 1 Wright Hargreaves Ltd 2% 1003/4 13 2l74 13% 1 Ltd— deposit ~4 20 10 Wolverine 474 Oct Jan Jun Heating— Inc & _4 4 10 Woodley Petroleum American : ■. 1% 6174 May 10 Co Power Feb 87z —20 — Wisconsin Woolworth 5 : Oil-O-Matlc 3% 2 7 ~VA "7 7a Williams II 1 . ———20 Wichita River Oil Corp Williams (R C) & Co— 9 Va 31 , Inc Jan 86 —5 Coke 72 3% "2% July 7» May 7b May Va Mar Coal & 8 72 Feb Jan Nov Mar 1 Westmoreland , Feb A ""74 5% 6 78 81 1 - Westmoreland 3 Apr 1374 Sep 2% Mar 6 II manufacturing 1.25 Utility $6 preferred—. • Coal Jun 5 May Jan Jan Feb 9% NOV 9 Nov Va May 22 7a U Nov 5 —. 7a Apr Oct NOV Apr 79 rw 1 : 6% 8 % 47 Apr —• Co— A Mar 100 1V2 Mar Jan % 13 —* Mining Va Apr Oct Jan Jan 3 Va * Co Wagner Baking voting trust ctfs, ext—• 7% preferred 100 West Sep 33/a 62 W Waco 4% Mai- "974 "9% 3a A Nov i« Jun Apr 33 74 Mar 1,400 Western Maryland Ry 7% 1st pfd—100 Western Tablet & Stationery coin—: • 74 41 1574 172 Mar 1 Class B_. 272 1 Vo Jan Nov — 1/64 Jan Jun Jan 8% 26 30 45 A 5 Virginia Public Service 7% pfd Vogt Manufacturing— Texas 46 572 May Oct Sep ""% 45 ——1 preferred Petroleum— Wentworth 400 Jan Mar 1 19 V2 ' Oct Oct % 37a 7/a 27s 1, % Aug May "~V4 "A' 13/4 Jan 14 49 —10c Valspar Corp common——1 West 13% A Oct Jan 10 497a ; . A Apr Nov 25 5 Light $7 preferred- stock 74 July 2072 50 _ common * Jan 150 . Products 47t 7/a 100 Insurance priority Jan 174 Nov PA * Pictures Utility Equities Jan Nov 9 —_—2 Sugar.—: Jan 30 Oct 600 4 % Apr 400 % 1,400 43 H Aug 1% May Universal Corp voting trust ctfs— Radio 3% 1,300 29 7B Universal Power & Oct 67/a Universal Utah 627/8 453/4 Aug May 2772 Mar — Utah-Idaho Jan 5072 Mar 38 50 % Paper Apr 4 Sep Sep Mar A 800 78 B 250 300 Vs Universal Cooler class A__ Aug 7b Mar 2 3/a 50 29 7b * Jan * 1849. 85 —50o preferred— Western Air Lines 20 page 72% Mar common—.——50c United Stores Class 9 • Western Grocer Co 1 common 1— Feb —1 Co Nov 1 Sep 1 B) Jan 26 4% 18 557a -20 ... Reclaiming 56 Iio preferred-—. conv preferred common Jan 50 Inc * Plywood $1.50 United 23 May 3 .73/4 A warrants.. U S Stores common,— 1st Apr 21 1,000 7% Securities. 1st preferred with Jan 1 (J 43 Va 1 127a Sterling Brewers Inc Stetson 62 1 Inc Oct Oct % Oct A Sep /,/ 78 Mar 10% Jan 50 • 61 5 Lines »3« 100 25 43 7a B U S Radiator Jan 13/4 617a common—: class Graphite 1472 Sterling Aluminum Products Sterling 80 common Foil Co 110 Va 9 ; 26 S Apr common preferred 100" 244 25 Feb 7t' 126% Jan 7b Mar 2,200 26 ; 25 common 10 6% Apr 33 CO n •' 1,000 74. S S ft—4ft 20%,, 74 U U S * 19 .. 20% United Specialties $5 ' 80 . U U 8 " 10 Machinery Preferred 103 * preferred i 74 1 'I ' 100 50 "674 97% 400 '* 1 25c 1,300 , 6% Co 1,300 1 Sterchi Bros Stores & Canal % ,2174 x22 Oct 1% July 12% 6% 1 Va Ltd— 11% X2274 Oct Jan A 3,800 33 ■'-ft-ft ^ 74 9 preferred Co 'A (The) Corp voting trust ctfs—1 (A) I, * 11% .r—5 Steel Co of Canada Va ■' •-- Sharing preferred Jan 12 ll0 9% 5,500 11674 11774 ■ ft*** • ♦ Profit 2 1 B 1167Z ' — Products United N J RR United 14 3^2 Feb Jun Jan 7 dep rets ord regis Sep 10% May 1 Nov 1/64 — % — ,1274 1 Spring 500 * A. common 10 * Silver Lead Standard * ...„ pfd—.—100 B Molasses Apr * 1 Nov l3/a . Preferred Oct 23% 1% Aug 1174. 13/a 3/64 4 % 7% 20 . Common class B 1 100 pfd— Light 1174 I $1.60 convertible preferred— Standard Oil (Ky) i A V8 400 2 — Standard Dredging Corp common 3 Oct 1% 1% May • — % Jan Jan 1/64 Jan Jun Va May 10,300 — Sep 67a May 10 — Brewing Co ——2.78 Standard Cap & Seal common 1 Standard 274 29 Jan >7 1 Standard Convertible 23 7a May 5 Jan 1 Corp. Inc 678 17a 5 Spanish & General Corp— Amer dep rets ord regis Stahl-Meyer Sep ————-25 Southland Spencer Shoe 5 7 • — preferred A— 100 6 in Southern Union Gas__ 5% 774 53/4 %8 3/64 ' — —: & Power class Venezuelan —10 Feb 573/4 Oct Oct . England Telephone.-100 Phosphate Co Pipe Line. 7a Jan 774 15 Jun Nov 39 " ^ Southern % Jun Mar Nov 24% Mar 100 , ■- 574 Jan 600 277a % 30% Mar 1,400 Feb 11 —ft Co participating Amer $5.50 39 A. —25 preferred Mar '-'.V —25 preferred series C—j Southern 7% preferred ■■■ 7 ' * & Elec Utah Southwest 6% 'j ■ Jun 57% Stores preferred 1st United Jun ' • common — ft-** — warrants United Milk U Sherwin-Williams 6% i__ft preferred non-voting Gas Common Nov 2 » common A 47b May 4% Feb L——5 . Apr 100 5 — —• warrants United Light Nov Apr 1 Mining Sbawinigan Water & Power $7 Option United Jan 574 12 381 Denn 5% .cum 1,450 4 ; Seton Leather common—,— Sherwin-Williams 74 3 3/4 Serrick Corp class B Shattuck 274 Mar .—25 certificates 36 A Apr 400 —5 Safety Control Sentry 1,500 1 common. prior stock—; Allotment A 47s 872 stock July 2672 July — Selected Industries Inc Convertible 300 27 474 474 Seiberling Rubber common—. Selby niiii United Gas Corp common Jan % Mar I i 5 pfd United Elastic Corp $6 Securities Corp General—————1 , **** "ft*— common Cigar-Whelan — • Products. & participating United — ' * common Aircraft cum ft* ft* ... common Chemicals Oct Aug Brook Water Service— Co United 1% —-ft 10 Canada— United $3 IOC Nov Oct 113 72 Oct Gas Union Investment Nov A Feb 625 26%' 2674 Apr 72 Sep 10 preferred——* preferred,: Scullin ' 25 25 common Scranton Spring 33/4 4,900 Manufacturing Scranton $6 1174 7a of Jan Nov 19 1174 Union 272 1217a 1% July 74 Feb 1,100 —* Corp Manufacturing Co Sep Sep 105 300 % ——1 common— Convertible 23/s % Unexcelled % 17» Aug 325 2 74 274 1 87a May Sep May ——5 : (D A) 10,300 120 * — common Schulte 117 117 1 Co United 13/4 1% 17a ——5 i—.-100 — Samson % 8 72 • —50 pref— conv Realization Ulen Apr 6% Nov • ? 2 "l% "2 6,200 172 Mar 274 Jan Volume t; THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 156 1849 i! NEW YORK CURB Friday Week's Range Bonds or Friday's BONDS York New Interest Exchange Curb BONDS Range Since January 1 Last Sale Price Bid & Asked Period 20 Week Ended Nov. Low Sold No. High Low s s 3'%s 3%s Amer debs f debs— f f s 1960 — !— 6s Paper Elec Appalachian —2016 6s deb Lt Writing J-J J-J — —1970 3'As Pow 1961 —1953 — 4%s Elec Associated 5s §Associated Gas & Elec Co— AConv deb 4%s 3 126'/2 126'% 17 107'A 107% 6 105 107% 46 % 158 38 47'% M-S $12% 13'A 7% 14% 12% 12% 137% 24 7% 14% F-A 12% 12% 13% 49 7% 14% F-A ._1955 1955 — Bell 1st ...1947 69 ' —— ' 69% 108% 10 mtge 3s 1st Ohio Public Service Oklahoma Nat Gas 1957 70 Park Lexington 557A 108% J-D M-N 105 114% 2 Power & Light 1st 112 152'A 153 3 M-S 103'/a 103 ya 104 16 J-D 101 101'A 102 17 1953 M-N y2 Rapid 4'As States _ Elec 1st 104 §AChicago Rys 5s ctfs Cincinnati St Ry 5Vis A 6s deb Conv : 101 12 ll7/a 13% 103 4 13% M-S 12 ll7/a 13% 148 4 13% J-J F-A A-O 100 100 Corp 40 59'A 98 5 100 105 Service 3 Vis & L P 102% .1952 M-N 83 % .1949 J-D 83'A .1951 M-N 1st & 1st & 5s ref 5'As 87% Safe 69% 84% San 82'/a 83% 25 69'/a 83% 84% 14 72 84% 83 % 258 62% 5%s Lt & Consol El Lt Gas Pr 7s A & Pr 96% 83 Vi 69 64 96 Vi series N—,——— mtge 3s ser P 3'As 1st ref mtge series New .1969 F-A .1944 J-D .1955 M-S Vi 104% 107% 102'/a $102 series 1949 Cuban Tobacco 5s „ 3%s Packing — $68% 1st 4'As 60 70 93% 70 Sheridan 1949 1950 ... 1952 ..1979 Electric Water Lt Empire District El 5s F-A 89 M-S M-S 81 88% .2030 .1956 5s___— & RR 5s__. 80'A .1952 & Light Power Elmira M-S 80'A 89'/a 50 123'A 123'A .1956 54 5 79% 68% 122 .1954 Service 5Vis 102'/a 102'/a M-N California 6a-5s .1961 Florida Power Co 4s ser C General 1969 1953 1948 3%s A Power Pub A General 105'A 105'A Serv 5s 6s A Rayon : 103'A 103'/a 103'/a 92 Vi 41 A-O $96 $-- 1978 6s 1965 5s stpd Great Nor Power Green 1950 1963 Mountain Pow 3%— West & Guantanamo Conv 89 Vi 89 50 89 Vi 89 28 89% 85% 53 81% 90 108'A 108% 102 96 67 81% J-J $43'/a 44'A 39 47 1948 5s Power M-N $19 20 14% $111% 92 99 83 A-O Jan 1949 A-O $92 1967 111 Pwr & Lt 1st 6s ser A 1953 1st & ref 5 Vis series B 1954 1st & ref 5s series C 1956 S f deb 5%s__ May 1957 Indiana Hydro-Elec 5s 1958 Indiana Service 5s 1950 1st lien & ref 5s— 1963 AIndianapolis Gas 5s A__— 1952 Indianapolis P & L 3'As .—1970 A-O 110% 110% 4 103% 104% 12 101'/a 101% 14 99'A 99% 47 93% 93% 6 6s B. series ' . 'v'/fe 92 83% 2 Jan 1949 Hygrade Food 6s ser A 3%s Power A-O 104% J-D 101'% J-D 99'A M-S 92 J-J ;" — ' 77'% F-A 77 A-O 115 M-N 90 2nd 106% 100 78% 27 71'A 78'% 15 71'A 79 5 115 2 106% 106% 103% 83 82% 118 Light of -- — Kansas Gas & 16 7 5 lien & N A 5s 5 5% West Penn West J 17 15% 17 2 17 17 17 2 5% 17 16 17 8 5 J-J 73% 73% 77% 197 65 J-J 35% 35% 40 31% A M-S 106% 26 106% 107 106 16 6% J-D 64'% 64'/a 65'A 7 1957 ..1957 F-A 64% 64 Vb 65 F-A 63% 63% A-O 23 J-J 12% 14 18 46% 46 46%' 19 38 18 105 6s 107% M-S J-D 107'/a 107 '/a 1 106 122% 122% 5 120% 125 M,S 1225 J-J A-0 $106Va 108 '/a J-D 110 $112% 112% 109% 109% 112% ' 89'A 105%. 106% 1 107% 109% 5 90 101 M-S 80 1 101 • New 5 104'/a 105'/a J-D 2 107 J-D 107 107 J-J 103% 103% 103% F-A 17 2 111'A 111'A M-N 110% 64% 102% 106% F-A 108% 97% 9 98 $10'A 98 110% 112% 14 108% 108 % 97 9% 20 100% 16 106% 111 M-S A-O El Assn 5s 1947 M-S 48% 48% 51 51 42 62% 1948 J-D 48% 48'/a 51 13 42 62 ya 1950 M-N 48'A 48'A 51 78 1961 M-N $107% 109 6s series 113% 113% 2 97'/a 14 97 J-J 113 97% — — 43 106 63 108% 1948 A-O 78 Vi 78% 78'/a 32 65% 85 1954 Nov J-D 83% 83 83% 32 67% 87% 49 76% 49 77 49% 76% 11 49 76% 64% 22 50 76% 23'% 52 17% . 25 12% 16 3 13'A 15 10% 32 107 ya 107% 107% 108% 109 18 M-N J-J F-A 97'% 1952 J-D 1949 J-D 85% 105 7 3 84% 118 86% 101 106 42 86'% 13 107% 106% 108 % 107 2 97% 107% 107% J-J 69'/s 112% 112'% 108% 88% 111% 114% 1959 A-O 105% 105% F-A 5%s_1952 97% 97'/a 6 97% 103% 107% 48 82 ya 100'% (Maine) — A-O 117 117 115% 118 Va Co— 1944 F-A 2022 M-N 1954 A M-S $95% 94% 97 94% 95 92% 100 10 83% 99 .■ 1951 1964 J-D 5s 2030 A-O 1960 4% J-D 3'As J-D 5s 5%' 74 2'A $110% 112 101% 101% 101% 5% 108'A 110% 108% 108% 107 109 99% 108% <v 108% 108% 107% 117 Union— F-A $82 87 69 88 F-A 67 67 67 4 56 74 1937 J-D 79 79 79 2 71% 82% 1947 stpd 5s J-D 79% 77 79% 71 81% York Curb Friday Interest Exchange 16 Last J-D $104% 105% ~ Week's Range or Friday's __ M-N 5'%s Extended Danzig Port ...1953 : 6%s stamped City 14'A J-J M-S 1951 J-D of of __ 15 50 21 46 46 9'/a 21 46 3 Oct — . — $5 11% $17% 15% 15Vb 25 20 Vb A-O 1927 — 44 41 15 , 50 46 13 13% 17% 9% 15% —, __ — 1972 1958 M-S $20 6'%s 1959 J-J 1919 J-D — J-J — $16'A $2 $2 1931. 6'%s A5'/as 25% 34% 33 $18 45 7s Government 8 6 3 $29'% J-D J-D 1921 (State) Janeiro 11% 19 15'% $29% M-N May 1927 Mortgage Bank of Chile 6s—; Mortgage Bank of Denmark 5s ARussian High 1947 A de 25 25 — 46 .. M-N stamped Mortgage Bank of Bogota 7s ARio Low - $42% $42'% — F-A 1958 1952 7s Alssue . J-D 6%s stamped_1958 (Peru) 7s A Issue : No. & Waterways— AExternal ALlma 1955 ... 5s / Sold ' " J-J . High Range Since January 1 Bonds Sale Price Bid & Asked Period — • No r Cash 101% 106 value, par — 45 22 16% 2% 2'A 5 —, — — 1 28% 25'A 13'% 18 28'A 18'A 45 15 20'A 10% 16% 12% 1 2% sale, x a d Ex-interest, e Odd-lot sale, n Under-the-rule sale, Cash sale not included in year's range, Easy Washing Machine class Deferred delivery sale, Ex-dividend, y B, June 26 at 2%. $ Friday's A Bonds bid in Abbreviations "w i," asked and being § Reported "conv," 1949 76% 2 27 124% 84 112% 114 $113% 118 Service— A 49 105% 105% A-O 103% 105'% J-D AIncome $12 Agricultural Mortgage Bank (Col)— A 20-year 7s ...April 1946 A 20-year 7s Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s 1948 105% 108 100% 104% 1981 Public 61 25 105% Low 109% 107 1 106 2022 Orleans A-O 1956 Week Ended Nov. 20 90 98% 101 ' ' 105% 105% M-S 1945 Debenture 5'/as 106 42% J-J 1960 BONDS 18 54 .1956 1948 New 64 108 I 1957 1951 5s 88 15 109'% 18 J-D Nevada-California Elec 5s New Amsterdam Gas 5s deb 60 103% 107 17 J-J 1955 England Power 3'As New England Power Assn 5s 50% 110 41% 29 A Parana Conv 107 31 17 AMedellin New 98% 103% 54'A 1 1966 5s 55% 5s 53% 65% 4s.____ Traction Stamped 5 : 103% 106% 78% j-J 107% 107% «ANational Public Service 5s ctfs__1978 102% 105% 17 18 58 Suffolk Ltg 5s 103% 86 99'A 104 65 4'As Electric Co 57% Mississippi River Pow 1st 5s 100 64% debs Rys A-O ... 108% 65 (Delaware) Power AMaranho 5s——. 87 64'% stamped extended to 1959 98% 101% New Eng Gas & 54'A A-O unstamped extended to 1959 1 Minnesota P &h 4Vis—.—, 23 101% 102 $103 'Alio F-A 6s 99% 4'/is F-A —1968 Newspaper 99% Gas Light 4Vis 102% 65% Elec 4s_ Penn Western J-J Midland Valley RR 5s 86 17 5 24 $101% 103'% F-A 1979 series income Water 1945 1943 1967 1978 Nebraska Power 6s series A 3 • 101% 102 Vb 64 5'As gen Ry & Wash Middle States Petrol 6Vis Nassau & 106'A 106'% A-O J-J 1952 6s Wash $108% 110 ref 103% 49 77 A-O 5s Waldorf-Astoria Hotel— $110'/a 111% & ~1 103 23 May 1948 ..May 1948 A Debenture M-N 1st 105'A 105'A M-S .1946 Utah Power & Light M-N E Mississippi P & L 5s J-J 60 84% 6 3'As cons series 6s 1965 Milwaukee J-J 130 53 69 58'% 5s__„^ United Light & Railways G series 101% 83'A 97 Light 5s & Rys F-A 4s A-O $62% & Power Co— & 1948 1947 1971 stamped Mengel Co conv 4Vis Metropolitan Edison 4s 101% 2022 & Power Light 1st lien 16 17 McCord Radiator & Mfg— 6s A-O $129% 132 112% 129 — 58'A Rapid Transit 5%s City 108 __ ; 82 75 23 81 M-S Danish Dist Pow 3%s 5s Louisiana Pow & Lt 80% ill'A ill'A 97 A__ United 17 15 16 $15% 1966 2022 1969 1966 1957 Electric 6s Light 3 Vis Kansas Power & Lake Superior 6 16 *"■ J-D 1965 Jersey Cent Pow & Lt 3 Vis Kansas Electric Power 3Vis 81 111'A deposit Service Electric 105% 107% 16% 96% 102% Industries— Edison §AYork F-A 103% 17 M-N stamped United 104% 88% 100 ; 103% 98 M-S 6s Power Sec— A6'/is series C ——1955 A6J/is (Dec 1 1941 coup) 1955 A 7s series E ; 1957 A 7s (Aug 1941 coupon) 1957 A 7s series F — 1952 A7s (July 1941 coupon)1952 Interstate Power 5s 1957 Debenture 6s 1952 Iowa Power & Light 4Vis. 1958 Altalian Superpower 6s 1963 A Jacksonville Gas (stamped) 1942 §International A-O 98% 106% 93% 105'A $102% 104 M-N 98 7 102% 102'% J-D 1946 Power Twin 107% 110% i 150 27 A-O stamped Water 1st Idaho 132 102% 103'A ; 109% 111% — 92 J-D 105% 108% 2 102 Vb 102'/a .. J-D -.1950 series 6s 19 1966 & Pwr 3 Vis 138 VA 139 J-D Corp inc United Lt Houston Lt & (Hugo) Toledo 79% 104'% 106% 1989 Dec Electric Texas Tide 99 5 12 ..2022 6s : Certificates 92% 40 108% Electric— debentures 3d 7-4s $75% 99 102% 1970 5s (Hugo) Corp— 7-4s 100 1 Vi L & & stamped gold Stinnes 1 $108% 112 F- A J-D 6s Stinnes 93 106 1951 P Gas Standard 106 y8 1958 6s— SAGuardian Investors J-J J-D .1951 (A G) deb 5s AStarrett J-D Products—.......—1945 Grocery Store 91% 91% 50 M-S 77 8 88'A M-S 4s— 104% 105 107% 108% .. M-N 1970 Rys 4s (stamped) Texas 91 Vi J-D Coal §AGobel (Adolf) 4Vis ser A___—1941 Grand Trunk West 4s 1950 Alden 79% 79% 71% 29 (Calif)— 6s 60 9 107% 107% 139 1971 Debenture 90 98 J-D Georgia Power & Light 5s__. Glen 91'A J-J 3'As. Gas Gas Indiana Spalding 102% 104% 34 91% J-J 107% 1965 6s 102'A 3 77 109% 112% 1957 3s mtge 3s Debenture $46 J-D .1954 Florida Pow & Lt 5s Gatineau M-S .1966 stamped 97% 107% 111% 2 1947 6s Southwestern Gas & Elec 3'As 92% A7 87'A 5 1967 5s— Edison Counties 1st 123 % Finland Residential Mtge Bank- 97% 1951 Coal Southern 86% 96% 103% 111 116% 104% 106 1951 Power Southern 6s Federal Water 106% 108 1970 California 104% 106'A 106'/a $105 105% 108 1 1952 6s D Wyoming Carolina Southwestern 100'/a 102% 32 104% 2 14 111 77 M-S ____1950 4%s Estate series Standard Eastern Gas & Fuel 4s ser A 96% 111 J-D _ 125'A 69% "101'A 101 101'A 72 83% 83% 83% .20 100 104% 105% $111% 114 M-N C___ A Water Real Southern 120 5 121 121 121 97% .— M-S 1969 4s__ Joaquin Lt & Pwr 6s B ASchulte 99% 103% 106 Vi 106 J-D J-J A-O 108% 110% »09% no __ A-O ' Jersey— Scullin Steel inc mtge 3s South (Bait City)— 4Vis— Continental Gas & El 5s Cudahy J-D .1958 2%g ser Q Gas Gen mtge .1971 .1954 ... Consolidated 117% 122 124 1 27 1$7 $105'% 106% J-D . Indiana 4'As series D Harbor Southern .1976 ref 1st 82 $121 (Bait)— 32 104 97% 102% Queens Borough Gas & Electric— 74% 189 81'/a ref M-N 100 20 114% 115 M-S 1959 perpetual certificates Sound P & L 5'As Puget 105% 108% 107'A 107'A J-J 107% 110 —■ 107'A 107'A 115 99% 104% 81'A 82 3A Service 6% 6 82% 813A A-O M-S ———— Connecticut 108% 109 102% 106 20 99% 100% 101-% $105 F-A __1964 Shawinigan Water & Pwr 4'As Cities 107 106 of Colorado— mtge 3'As of 87% 87'/a 4%s B (Can) 32 100 3A' J-J 1956 108% • 101% 102% J-D 1950 — of 100'A 83'A J-D 1958 _ 29 U03 87% 94 2 53 51'/2 53 —1969 5s__—: 100 100 A-O 1950 5s Debenture 105'/e 105 '/a M-S 5s Debenture 5 — • E 5s Public 105'A J-J 1966 Jan 5s_ Service 86% J-D —1927 1952 —1955 B series Cities 61 108% 26 106'A $99 M-N 1962 6s Co—. Sinking fund deb 4s 79 10 1953 5%s_ Central States P & L 108 108 102 M-N 1961 Transit F. Public Service Co 1948 1954 5s—: — - 106 $107% 109 -- J-J .1972 extended Edison series Power 99'/a 102% 9 F-A Power '5'/as Coke & stamped Potomac 100'/4 104 101 82 82 ..1955 5s 1970 Elec 117 1964 Gas 3%s El & § A Central A5Vis 5s —— 1st mtge 3s 1964 Pwr 4%s__._—1977 Public Service Central 111 50 17 107% 108'A — 1979 Portland Gas 151'A 155% $103% 103% M-S F-A F-A 5s Philadelphia 112*4 115 1 Q-F Power 1 $106 — A-O 3'As 114 116% 116% 114 % 116 1998 6s Northern 54% 108 108 A-O 1948 1962 Pennsylvania Water & Power 3%s„1964 99% 100 — Birmingham Electric 4%s ___—__1968 Boston Edison 2%s_ i —1970 Broad River Power 5s— 1954 Canada A-O Penn Central Lt & 5s — Bethlehem Steel 108'A 107 Vb 107% 107'A Aug 1955 4s 3%s B Oklahoma Power & Water 5s 105% 107% 109'A 109'A M-S 1960 .. C series 111% 1C5 114% 115% 54% M-N 1968 1971 _ Pacific 106 $107% 108 $98 7% J-D 1950 .— Telephone of Canada—/' M 5s series B 5s High 109 $115 14% Baldwin Locomotive Works— 6s Low 112 7 1945 mtge 3'As Philadelphia Convertible $111 v 1st 14% ' J-J warrants F-A 1st 5s Power 7% (B. F.)— & Sons without J-J 1969 January 1 No. $106% 107'% — *■' Ohio 7% 13 $107 69'A M-S City Elec 3'As 29 13 7% $12% M-N 4%s Light Gas 5s 12 7% 12 7% A-O —1977 Atlanta J-J 1948 3%s series A Ogden Gas J-J 5%a A Assoc T & T deb Avery 124'A 130 1948 ...1968 —... Atlantic 1954 5%s Utility Range Since Sold High ■ 5%s_: deb J-J 104% 107% 1950 5s A Debenture 46'A 46% M-N 2004 5s Cont'l 1st 106% 106% , 1964 Ltg 4s Bonds Sale Price Bid & Asked Northern Ind Public Service— 85 1949 ... AConv deb 5s AConv 79% Week's Range or Friday's Last Period Gas 3%s Elec & Westchester & Debenture 126% J-J 4%s deb A Conv 4 Y Nor 86'% 106% 106% J-J A-O •" & Lt Pr 85 Y State N 104 102'% 109 297 98'A 84'A —— J-D .-2024 97 Friday Interest Exchange Low 101% 106% 3 107% 107% ' 97% J-J —1956 Appalachian Pow deb 6s Arkansas 19 106'A 106 106 M-S 102 Curb York Week Ended Nov. 20 N 20 102% 103% 103 - J-J debs & Pow Amer 1950 .... New High American Gas & Electric Co.— 2%s EXCHANGE traded used no sales being transacted during ■ above—"cod," certificates of deposit; "cons," issued; current week. flat. receivership. convertible; when prices; consolidated; "cum," cumulative; voting trust certificates; "M," mortgage; "n-v," non-voting stock; "v t c," "ww," with warrants; "x w," without warrants. THE COMMERCIAL & FINANCIAL CHRONICLE 1850 Monday, November 23, 1942 OTHER STOCK EXCHANGES Week's Friday Last STOCKS Exchange Range Shares Low Par 5% for Week of Prices Sale Price ' Low cumul High Low preferred High 1st preferred t c v 100 : 4%'/o preferred B preferred C—_—. 4% 13% Apr 17% Jan Castle & Co 1.80 738 30c Jun 1.80 Nov Central 11% vtc—* common Gas Elec Light & Power Consol 425 1.15 10 y2 117s 1,975 3.50 July 11% Nov Central 111 Secur Davison Chemical Co Eastern Sugars 17 16 % Co Transit —100 —100 common t e— 1. v . 54 Nov Mar 116 Oct 96% Mar 104 Oct 5 12% Nov Nov 15'% Jan 7 175 7 July 9 570 12% 7 — Mar 107 104 12'A __ 40 20 114'A 114 __ 104 1 common Assoc ... 55 54 53 y4 com—* — 20 23 7% Amsterdam New Central Northern U S Oct July Sep 2 65 Jan 16% Mar 22'A Oct 1.50 15 382 92 92 132 88 Jun 97 Mar 99% 40 88 Mar 100 July 75 75 11 70% Feb 75 Nov 29 % 30 210 2 l/a May 30 Nov .—100 Inc.— Trust Estate 2 Fidelity & Guar 23Va May 2.25 99«/2 50 pfd—— 100 5% % 30 63 130 1.90 21 21 2 t Ry_: Packing Co Phillips Real Casualty July Apr 1.50 Jan 21% 1.90 Mills com-lOO Mount Vernon-Woodbury Nov 26 2.25 27 pfd—25 127 19% 27% 2.25 Maryland & Pennsylvania RR com_100 Monon West Penn Pub Serv Mar 108 350 23% 23 % y* 114 127 127 127 ..i—25 —_. Houston Oil preferred-,.,— (A M) Illinois Convertible Central Common Line Coast Certificates common West 19% Jan 16/a lien Pr & Chrysler Aluminum A Apr 450 4% May 6% Feb 5 % Maryland & Pennsylvania RR 4%-1961 Jan 42 May 65 May 54% 102 17,500 12,000 50 Jun 2,000 102 Apr 1,000 53 Nov 53 4% America of 92 57 62'A 61% —1947 Co 53 Oct Jan 88 $6,300 102/4 53 53 1975 . 91% 91% — 1975 4s 5s series A Boston Stock 102% Jan 55/2 Mar Friday Fisher Tel Inc_ Vtc 40 3 8% 8% 450 1% 1% 4,300 32 Son & for Week Shares Inc Low pfd .—100 Z 10 ' Boston Elevated Ry..—— Boston & — 24V8 24% Apr 134% Apr 101% 104% Nov 9% Jan — 65 990 42% 13% 14 238 65 Jan Nov 14% 10% Mar 7% 8% 5% 1,326 8% Jan 1% Jun 60c Oct Oct Feb Jan 2% Feb 3 Oct Trust—. _a Personal Prop 1% 2% 25 l/a Jun 25 l/a Jun 12 8% Apr .—5 ■ 22 7 59 5% 5% 4% 65 ' 5% Feb % 43% 44% 70 19/2 19% 20%- 940 100 12 . 41 Apr Jan Feb 32% Jan .100 5% .100 2% 275 5% 26% 20% Nov Apr 14% Nov y.Z 9% . 74% 10% 155 9 Sep 12% 74% 75% 230 71 Sep 104/4 Jan 15 — 15% 600 13 % Mar 16% Jan •1% 20 Aug 1% Nov Apr 24% Jan . 890 4% Mar 125 20% May 29 6ct !—. 3 469 Preferred General General Motors Gillette Corp Inc (H W) Hall Horders Inc common.— Apr 4% Oct Jan 5 Nov Harvester $6 Power common 1% Jan 3% Nov Central RR • Mergenthaler Linotype — Narragansett Rac'g Assn Inc.—-— Tunnel & 2% 500 2% Aug 12/4 12% 100 11% Sep 14c 17c 110 35% 35% 17c —1 t c_- v 2% 100 i Associates Util 100 common.— preferred III 4% 2% Mines— Old Colony RR 25C f Mills RR Association Shawmut 18% 25% 90c 8% 9% — 6% — Twist Union Drill——— * Fruit United Co Waldorf System 62% Jun Jan Sep Jan 315 50c 6% Apr 3% Apr 6% Nov Nov 35% Mar 72 % Oct 62% 558 50 % Mar 63 14 37% May 44% Aug 700 20c 240 6/a Mar 1% 176 % Jan Jan 46c Feb 7% Nov 1% Nov BONDS mortgage 4%% Income series 4%s ser 39% A—1970 39% $13,000 29%, Jun 42% Feb Mass Street Ry—- Eastern 103 103 —1948 A 5.00Q Jun 101 104% Jan Oil Rad McCord & Class • ., Last Sale Price STOCKS— A common— Adams Bearing Allied Laboratories Allis Chalmers Mfg American Pub Serv Tel American & Armour Athey Automatic Aviation Co preferred Co capital Washer Bliss & Warner Midland Brach & Sons Brown Fence For (E J) & Mfg Montgomery footnotes see page 1855. common pfd_. 74 Jan i 54% 293 40% Apr 54% Nov ? % 10 % Apr Feb • * 1 5% May • 10% Nov 7% Aug 9% Feb 3 500 10 4 Feb 8 Feb ,8% 100 3% 100 6% 100 6 Sep 30 27 Mar 40% Jan 60 70 Mar 95% Jan, 6% 40 Sep 83 3/4 % 2,800 3% 5,200 2% May 5 2,300 3% Mar 4% . - u 100 \\ ,* 9% Feb 12% 16 2 Nov / ' 1, Ij 93/4 11% May 1% 100 v: • 19% ' Jan 8% 1,035 Apr Mar 23 12% Jan 16% July 15 15 vZ" 50 11 Feb 35 - .'bin 39 Z 70 30 Mar 39 Nov l7/a M3/4 Oct 4 Mar 100 .434 1% Nov 2,800 2%. Apr 2% July 9% 12,100 3% Mar 9% Nov 3% z 4% 8% % 5 4% . 4 250 1% - 4% Nov Cylinder Pressure Standard 3% Nov % 400 % Feb 4% 300 3% Nov 14 Jan 8% 150 5% Jan 9 Oct % 500 8% Northwest North Inc Bancorp, West Util preferred 33% Nov 21 Jan 27% 2 -Feb T 7 May 535 •' 4 Apr 3 9/a 5 Feb Oct July ' 1 Jan Jun 4% 26% 21% 50 7% 7% 650 6% 100 6 Feb • 150 8 Apr 15% Nov 11 Jun 11% Feb 143/4 15 11 v — ,V 4% 6% 7% •-**-( common: 7% 22 Apr 21% • ' .—20 Til*' III* I100 234 i 8% Sep 23 % 959 25% . * capital —5 common—: 8% Oct 20 50 27 23/4 "83/4 1% Jan 20 27 —10 , % % May 50 33% common- —1 Industries Airlines j 20%, Illinois Corp common Northwest % 32% Cooker common- —2 common.— Jan 450 % 3% common- Gas 14 5% % 3% 3% 11% 9 150 21% 1,050 r Apr 27% Jan 1534 350 Apr 23% Jan 10 % 50 2,080 6% Jun ,3% 3,950 % Oct 10 Apr 15 7% May G% May 3% Oct 8 3% May 50 8% — Jan Jan 11% Mar Ontario 13 Nov 30% Jan 84 Nov May Corp 6 common Manufacturing Co 3% 5 100 6% preferred: Z : & Electric common A 77% * Coal common B_.; Peabody 13 common—*. % Jan 3 3 100 2% July 3% Oct RR capital— 50 Peoples. Gas Light & Coke capital—100 % % 30 % Sep % Jan Perfect 3% 3% 500 2% Jun .4% Jan Poor 9% 250 150 13% Feb 16 Nov 12% 12% 123/4 100 14 4% 100 5 Sep 28% May 3% May 393/4 Jan 270 60 Jan Nov 3% Nov 77% Nov 4% 44 Jan % % 20 % Jan 25%. 1,075 18% Jun 25% Nov 36 Apr 47 Jan 24% Jun 43% 44 23 23 369 Jan 0% 77% 15 Jan Feb 4% 11% May 3% Mar 70 6% X22% Pennsylvania 3% 2% — 9% 5 15% 16 35 6% May 34% 34 % I 4% 4% 4% 3,100 12% 13% 350 11 5 25% 26% 185 19% 10% * ~ 645 9% Nov 15 27% Oct Pressed Co class Steel Car Process Corp a— *.* .1—1 common (The) 1—* common Quaker Oats Co common Raytheon Mfg Co 6% "4/4 — .«• preferred—.—5 "l% 40 20% Oct 4% 4% 450 3% Jun 6% * Co B—i. 6% 50 5% Jtin 8% Jan 1% 1% 50 1% Sep 3 Feb 71% 72% 260 1% 300 1% 56 Apr lVa Jun „ 4% Feb 73% Nov Oct 2 Jan Jan Circle (The) & May St Louis Natl Stock Yards capital 10% 11 100 9% Jun 13% Jan Sangamo 12 12% 650 7% Jan 13 Aug Schwitzer Electric Co common. Cummins capital 1 42 43 20 * 20 8% 8% , 2% Mar Jun 18 100 10 ; Sep 295 1° f Oct Jan 157/a 2 j Jan % 7/4 90 19% j 5% ■ Nov 11% L. | 1 Feb 3 11% ^ j • Jan 4 50 3 3 19% % % Aug 3% '. 20% 4 * A Oct Apr * Co & Liquidating Co Apr 22% 5 class t 4% 54% * .* —* common——.—. Ward Mot Spec class A—.; Muskegon Jan 9% 10% 5 capital Wire Feb 16% Sep 2% May 137 ■A Sep .. ; 400 82% Common stock vtc—J,.—-*.—— Modine ■ Mar 25 % 4 'yi ,15% i'\". ■ —.—_100 A———100 6% prior lien__ .——100 Miller & Hart $1 prior preferred 10 2% —3 ... 10% 550 12% ; ' 62% - ■ pfd——— 906 _ 18%. Jun ; i 9% Nov Utilities— 3% 3 common— 50 3 prior Hen 7% preferred class 3 — • 7% Penn Gas 10 19% - 9% Jan ... 5% May f Jan 33/4 t 1; conv 1333/4 ^ 1 5 Jan 50 170 70 165 i 8% Mar 8% 8% • Prod r common- Corp United Omnibus Jan 80 ;8%r J 7/« Z. —1 .... capital West Midland 10 3/4 Mar 9 50 84 82 Jun Apr 38 / Apr — * common. Corp 26% Oct 12% *Z. <* 102% common Laughlin 12 7 5% 100 ' .* 864 Brewing Corp Borg 10% -.V Ills.'; 130% Corp Aviation Bendix 60 12% Aug 10% July ' Z" 128 ...3 common Belden Mfg Co common Radio 84 9% High 49% Apr 100 t , 43/4 —4 capital Seelig Mfg A common Bastian-Blessing Co common Berghoff "lOO .100 (Delaware) Corp «■ 9% 37% May 8% 11 9% — . 5 Barlow & Belmont _ 211 25% ' # common common Wheel Low 46% 100 •• 52% 38 Middle Noblitt-Sparks Range Since January 1 17 Jan % ......, North American Car common High 10% — ~ common Tel & Co Truss __* 46% 46% 12 common Mfg common (J D) Ball Aetna • Shares Jan 30 10 Mickelberry's Food Northern for Week Range of Prices Low Par Abbott Laboratories official sales lists 10% 21% May 11% Z Mfg class A—— National Sales Oct 1,650 Manufacturers Sec—4 Merch & National Chicago Stock Exchange Week's 54 ■'' 1 Sep ■: j 430 .. .. j 10% 7% Mar 1,800 4% f McQuay-Norrig Mfg common.. Oct 60 % — ; , ;t Jan 24% 8 i • 23% Nov. Jan 6% i — 4% 6% Sep 12% 19% ■ ' 4 11% 24 ' i Field, common..; National Friday ■# Nov. 17 Zr 11% • •» «> •.' Nabco Nov. 14 to Nov. 20 both inclusive, compiled from *8% 350 8% Jan 43% 16 _ Ref'g Co capital——.... Marshall & Maine RR— Boston 300 Nov 40% 3% Mar 150 23% 7% Apr Apr 4 100 22% Feb 8% 11 'J**' common.— Lynch Corp common— Jan 62% 7% Co Lion 43 25C 4% 4% v"' Liquid Carbonic common Loudon Packing common 1% July 29 Printing Jan Jan 7% 2,811 42% 4/4 Feb 10% Jan 24% 29/a v —— Feb 64c Jan 1 7% -. common Lincoln 10 Jun Co Lindsay Lt & Chem common—... Oct May & Oct Nov 49 225 — Libby McNeill & Libby common—. —7 18% 28 550 4% 46% Apr 7% 34% : Apr 4% Mar Jan 35% Aug 33% /- * ,, ' Leath 3% Jan 19 Jun 105 11 —5". common.—. Jan 8% Oct 13 150 .7.-, .100 6 /V preferred Jan 26 98 4% 31% ■»' LaSalle. Ext Univ 37% 50 6% 150 200 Z Z 24% Switchboard common.—. Kentucky Util jr cumul preferred- 1-50 Kellogg 28% May 108 7 6 1'" — 101% Jun Apr common Jan 10 22 Co Nov 12% ;•—1 4% Jan Mar Drug 4% 15 ' 60% 22C -1 — Inc—— Bros——.1—— Warren • 750 29 5 728 58% '.25 .25 ciimul preferred-; Utah Metal & Tunnel—. 6% 10 29c 37% 43 — United Shoe Machinery Corp—.— 720 Feb Jan Oct Feb 8 /a July 125 8% 35 35 -5 — 18% 60c 600 6% 6 28% (The)——— Co 14% 1,148 80c * Torrington 12c 109 22% — Webster Inc— & 17/a 1.— _25 Mach 20c 665 26c Apr 3®a 930 31c 23/4 Iso -— Quincy Mining Co Reece Button Hole 80 60 18'/a — Pennsylvania 25c 29c Jan. May 2% July 348 i5o May 4 25 90 % 100 . 2% 88% 90 .100 England Tel & Tel — New York, New Haven & Hartf RR .100 2.50 North Butte Mining—. —— New 12c 27% 70 100 4%, 4% 18 Katz Jan 9% / ■" 8% common.——1 Manufacturing Co Sep 2% 38 % 16% * Jarvis (W B) Co capital—— 21% > — * preferred—; Joy Jan 34% r .— * Interstate Apr Sep .4% 7 Oct 29%, Jan' 50 500 24 9% — y * International 3 37% 42% \ •* 35 1% NOV 4 common.....—1 Products Steel Jan 70c 20% Feb 7% —4 Indianapolis Pwr & Lt cohimon.. 27% 545 Jun 4/a . Inland Steel Co; capital.—- 10 500 16% 300 7 34% 4 ' . 34% 3% 310 3% 15 ; • ■—* common—. 34% 80c Oct 20% % * 10 Harnisehfeger. Corp common——.—_10 Heilman < Brewing capital— ——1 Hibb Spencer Bart common -—25 Printing Co preferred Isle Royale Copper 3 30/2 32% ■ — * common Feb 80C 12% Mar Apr 4 % - .* common.. Great Lakes Dr & Dock 10c -15 Jan 18% 24 ' .. Z 10 -——* common. common Feb common—.. —5 9% 10 . * 10c (Del) 50 —_ . 5 Goodyear Tire & Rubber common Gossard -Co Nov 9% Jun 9% . ,. —5 V , Safety Razor common Bros 9%: Nov Aug 8 10% 3% 1 Foods common, Goldblatt 6% 29% . _X-'" ————10 —... 19 100 29 ■.. V 20 Corp 7%. 1% 50 4% 5 ... A———, Corp 10c ——— . —10 common IOC conv ' 1 Auto— Finance Indiana 3 /a 10 3% 5 230 22 87/'a 3% z: 15 Oct 11% 27 3% 21% ..' 19 Independent Pneumatic Tool v t c 11 4% ./ ■ Illinois Central RR common—.—1Q0 26% 4% 1% Jan ' Mfg Co common...——. General Oct Apr 10% ■ common-- General Candy class 16% 11% July 15% _« Oct 11% ... Fuller Aug Aug 14% Aug 100 9% Co——i. Brewing Jan 10% Nov 27 ...— (Peter) Feb 4% 100 / II—5 Household Util Corp Drive % 40 425 — (The)—. Elgin National Watch 260 13% ' Electric 4 2 Jun 50 1% ' 7 12 Razor Co— i, 1 2% 10%. 14% .. Hathaway Bakeries class B Stone ' ; 20% 21% Jan Association— Gilchrist Company Gillette Safety 25 25 Jan common Lines Oct 1% 18% May % preferred B— preferred adjustment Employers Group Oct 50% % May 90 % 44% .100 — Street Ry—• Mass SS 7% Jun .100 —— — prior preferred 6%. preferred 31% May Associates- & Fuel Common 12% Sep Jan 16 126 22 Co—— Range 1% 6% 22 Apr 2% 12 12 5/8 Calumet & Hecla Gas 1% .100 Boston & Providence RR Pacific ; Nov 12% * — General American Transp common 2% National Jan Nov 7% 4% May Jan 3 -100 Inc Apr 19% 2,320 25 1% .100 Airlines Fox 1 % May —— pfd 1st 1st pfd Eastern Eddy Paper Corp Oct 10 Mass 600 Oct 1% 3 % May 7 ■! 3 %' Nov 23% 14% * 26% 50 5% 67% Nov 20% ■ common. Morse 105 Maine ; Jan 110 12% .2 .4 common—/— Co Corp Mfg Inc common.-. 1 A Dodge Eversharp 2 Lamson 1 oct. 20% -2%; Car'common— Motor Fairbanks 2 $7 350 j Nov : 62% Apr 2% 2% ■ common———— T Four-Wheel 2 Eastern 5,400 21%- 1 * Co Feb 62% 8% & Nov 2 5% Oct 1% , Feb 6% ■■ j 1 Feb 33 % Jun % 17% .. —25 Lighting Inc common.. 91 75c 6% 2% 50 * - _ common Jun .100 Eastern 1,250 1% 2 6% Corp of America corn- —-20 « Steel common Crane Co Jan .100 4%% 3% 1% preferred part shares Container 7% .100 class B Eastern 45 ' . 10%' Jan Z Jan 460 10% Continental 75% 94 5 stamped. stamped-. 7% class C 1st preferred stpd. 10% class D 1st pfd stamped class 8% Copper July 10 66/» 102 21 2 —50 vtc. class A— 274 14 .100 preferred 5% Boston Feb 7% May 96 ■- 1 ' shares vtc class B--* 250 RR— prior preferred 6% Apr * 47 3% ■ 21 • 9% 65 —100 Herald Traveler Corp—.. Boston 7% May >% May : 28 Jan • 100 Nov 50 62 64 f 3% ■' common- I..25 common—— 62 "102 « common- 82% 82 25 3% July 2% July 30 3.053 9% Ill100 — Maine 3 104% 104 % . High Low 128/a 131 130% Range Since January 1 High 3 100 — Albany RR Edison Boston *"-"500' 32% ' May 2% 7 43 Nov 71 ! Feb Apr 20 110 32% common-—— sh pt Dixie-Vortex Range _1 .— Tel——. & Bigelow-Sanford Carpet 6 'Jo & 430 24 87 5 Corp Common partic Diamond Sales Week's of Prices Par Boston Jan Jan 1 Deere Exchange Last Bird A 390 .18 . 1% _. Curtis compiled from official sales lists Sale Price STOCKS— & 6 8% Cudahy Packing common—:..— —30' —100 7% cumulative preferred— -2% Cunningham Drug Stores Nov. 14 to Nov. 20 both inclusive, American > 25 2% ... Alles /a ! 83 6 6/a Commonwealth. Edison Oil A Mar 2% preferred- Utensil Consolidated Biscuit /a 300 22 common Cities Service Co. Club 70 % Light pfd conv 18 Apr 5% ■ preferred— Corp Jun -50c Chicago Flexible Shaft common Chicago Towel'Co 13% 41% r, Cherry Burrell Corp common. Chicago Corp common———— Convertible Nov Jan 100 210 • preferred/— States 16% 12% 14% 67% 5% Util—' —: —— Common Conn- indebtedness of Transit Co Baltimore 20% 6% Feb 21% July Consumers Co- Bonds— Finance Sep 14% ■ 66 pfd —————— Preferred Prior $6 Serv preferred' Consolidated Atlantic 4% 250 64% 10 common Pub South & Central Fidelity & Deposit 810 20 /a 30 Campbell Wyant & Cannon Foundry capital 1.25 Corporation Baltimore High 5 /a Range Since January 1 —— Arundel Low High 5 —10 ; conv Range Since January L Shares 16 % Butler Brothers Sales for Week Range of Prices Par inclusive, compiled from official sales lists H to Nov. 30 both Nov. Last Sale Price STOCKS- Sales Week's Friday Baltimore Stock 170 41 Jun 52 100 14% Jan 20 350 6% Feb " 8% Jan Nov Jan ?. , t THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 Volume 156 1851 OTHER STOCK EXCHANGES Friday Last Sale Price STOCKS— •4 10% 10% 50 10 Mr ,30 29% 29% 10 27% Mar capital,— -*-5 24% 4% „ Sputh Colo Power class A common. LY common Preferred & Swift .Texas .25 capital —— (The) common—— .25 Co Uuioti Carbide & 50 10%. May 12 S Gypsum- Co United U 16 . capital Transp l'/o cumulative Walgreen Co preferred— common- . 30% .714 59% Nov 55% Jan 107% Jun 119% Jan 15% May 20% Nov 17 Stores Inc common.j Williams Oil-O-Matic NOV 1,128' 20% ■■■/■• • May 40 11% • Jan 26% 10 23% Jan 77% 100 03 % Apr 16%- 16% 26% 76 —*- 0-' common———* ■ Bankshares 5 : ■' 2 ., —*. common— 29% : Jan 4% Aug 6% Jan : Aug 2% Feb 5% . Briggs Mfg common—: 4% Mar. 5% Nov Brown Apr 62% Jan 2% Mar 4% Oct 8% Mar 17 Va NOV Detroit & Edison Apr 6% Nov Detroit Gray 28% Jan Detroit-Michigan. Stove 53 Oct Eureka 67 4 150 '4 16% 16% 515 . Anaconda 5% 43% 54% 206 22% May 27% Jan 56% 57% 276 50 8% 1,710 5% Jun 1,945 21% Apr 25% —50 Atchison Topeka & Santa Fe com—100 Bethlehem Steel Corp common—--I*, Curtiss-Wright General Electric Co—— Interlake Iron Corp. common——,* Martin (Glenn L) Co common——1 Nasli-Kelvinator Corp I-*—.—5: Hew York Central RR capital—---—* Copper Mining- 45% "1 % — . 30 6% 6% 20% 20% 6% 750 11% 12% 17% * Standard Oil of New Jersey capital—25 2% 4% 315 Jan Nov Apr 44% 250 3% Aug 13% Mar 25 % Vacuum 10% Aug 14 McClanahan Nov Last STOCKS-- . .. ; . . Hone Products Corp Davis Parke MachineryChamp Paper preferred Churngoid — --100: —— Cincinnati .Gas & Electric 21 3 pld— —100 —100 115 Since 19 27. 8iy2- High 22 Jan 94 ' 68 Cincinnati Street Cincinnati "Un Cin Dow Telephone Jan 86 U . Mtl (HW) — Drug Kroger.. JU Lunkenheimer 60c Bank > 9% 77 Aug. 52 . . -50 150 ,17 Va Mar 21% Feb 2% 200 2 Va July 2% Feb 1% Nov 2% 1% 6% May 2o- 17 25 May 3% 8% , -Feb 4% 5 10V4 ■ 34 Motors— Jan 42% Feb 52% ? Timken ——i—— Brands Roller £ 4 139 2 Oct 4% Jan ■H 42 30 May 40% Feb 39% Bearing--—— 4% July | 5% 1 700 56c 2 625 July Jan 43% Nov 60 3 Aug 4% Nov Byron Jan Cessna Brass — —* • ir a 4 —1■■•■'."/a,.-.- ———— ■( Cliffs J._ preferred———* preferred— Iron Cleveland' III $4.50 common-: Colonial Finance Elec: Controller General 4 Goodrich, -i_——1—1- — Oreif Bros (M Cooperage A) class $5 cum 100 8% Mar 4 Va 100 2 Mar 4V4 47c 42 35% 45 15 101% 195 3% 140 Leland. Electric, • McKee (A;G) class B—3 T.v.:. 13% 13% : 27% 27%. 15% 1.% Cement- —u" Paving Brick Murray Ohio Manufacturing . 1 — National Acme %.' _1 1 Refining: new Prior preferred 6%' National Nestle 16% 2% 1% class Electric Richman Bros. A-- 141/2 Jan Jan May Mar 22% 43 Nov Oct '37y4 Feb Nov, 103 y» Central Republic U S Steel Apr Aug Pacific Aug 40 Jan Pacific .9 Feb May 12 Jam I For Co common Corp Petroleum Richfield Oil Corp 130 Warrants 75 Roberts 605 11 75 633 4% 85 13% al3% 1% May Jun 36 Vz Jan • 1 10 Feb Jan 21 % July 2% 53 Oct iy4- Now commoncommonj. Nov' 4% Oct 4% May 7 Va 100 4 Jun 7 Apr 23 9% Sep 12% Oct li 13% Sep 17 Feb see page 1855. Oct Oct 3% 2.45 Mar 100 NOV Nov ' 56% 15c 53% 200 Jun 335 25 69%' Nov Jun 10c 192 380 42% 1% 20c 385 Jan Feb 105 31% 405 Jan 42% Feb 6% Mar 8j/2 Nov Sep 8% ' ■ 8% 330 22 V4 200 11% Jan 22% Oct 30% 30 % 554 17% Apr 31 Nov 55c 55c 100 40c Sep 55c Nov " a 12c 12c a 4% 4c 26c 16% 17% 7% 397. 7% 52%C'52%C T05 1.05 1.10 Oct 18c 700 12c Feb 5% • 300 25c 4%. Oct 3% Mar 200 200 12c 7% 7 July 7%. Feb. 35c lSVa May , ! 199 6 40c 95c 52'/2C Apr 2,156 Sep< alOc 10c 200 4C 4C 2,000 2c 1.90 12c Oct 6% Jan 4c Jan* 7»/a Apr 1,400 Jan 23 Mar 7c 19 20 265 24 2Q 24 July 8c Oct Oct Jan Nov 363 Inc.—. —- Feb of Co Co Standard Oil of Taylor Nov Co 30 Vh Nov 32% 32% 22 Vz Apr 32% Nov 8% 80 5 % Jan 5V4 Jan 7% 1.15 1,082 2 2 , 7%. %, 6Va 205 150 Milling 25c Mar Oil Wellington of Corp Oil Company of Del Nov Jan 100 6% Mar 8 Vz 600 3 May 5Va. Feb 37% 160 35 July 29 % 29% 17T 20 100 17c 8 1,422 . 37V2 Jan 30 Va 14 Jun 24 Jan 17c Aug 5c 1% May Jun 2% 2% 760 20% 1,426 Apr 21 29 V* 620 24% Mar 29 27'/4 27% 993 23 16% 867 10%, Jun 26% 26% 801 ,18 V4 8% 5% 2 Va 20% 15 y8. 27% 60 9% 15 27 V2 Nov 18 Nov Oct Apr Jan 5% Apr 15% Oct 1% Mar 3% Nov 5% 2,130 14% 748 10 3% 100 , Nov 10% 5% 26 Feb Nov % Apr Oct 14'% 3% Feb Sep 28% 4 a26 Nov 24'% 29Va 2% 20% * 1 Jan 17c 29% Yellow & Checker Cab Co———50 Oct 8% 27c ..3%. 8 3% .25 California - 20 8 —X * ——-2 Corp 2V4 Jun Apr ' 37% —2 ———* California, Nov 16 Apr 25% Mar a8% California Pacific 25 Va 25 -1 * 1 Solar Aircraft Company 1 Southern California Edison Co Ltd—25 6% preferred B 25 5 Vz % preferred C 25 Pet Nov 215 ' * Safeway Stores Inc 20 30 Va a3oy0 % Markets, Transamerica 103% Oct 42% 22% —: Public Southern 70 $3,000 common. Jan 223 105 Co. 5% all% all% 105 17 y2 175 Oct. Nov 46% Jan 440 al5c common.—— Signal * —1944 66 448 7 380 AO Ryan Aeronautical. Co— Union 5%— Apr 66 32% — Feb 25 a48% a49% Corp' com— Corp Oil Jan 11 105 —* Jan NOV 80c 56% '■-« 380 _25 29% a29% a30y8 al5 Jan 8%i 1% 200 _25 Security Co Units of Ben Int— Signal Oil & Gas Co class A—— 1% 50 al5 2 Mar 1%; 3% Jan 14% Oct t footnotes I _10 Electric Republic 23 % 12Va 8 20% Sem 3y4, Oct Jun 300 3% —1 1 preferred Feb a28Va a28Va : — deb Finance Gas & 1st Feb 22%. a 6% 2 40 ... / 5% Apr 10 Jan 180 800 . .—1' Corporation Ltd 19 11 — 9 * 1 common Steel R Nordon 13% July 1% Aug 1,250 465 7% 4%: — Merchants Petroleum Co——— 30. • Bonds— W IIZ1 —— — 30 ' Vt July 1V4 May 6% 30% — Company Mfg Co Menasco 5 10' common— RR Oil 125 1 % 2 20 May Feb Unlisted- Y Angeles Lighting 1% 100 250 6 —_l Corp———. .—10 Investment, Co Western 190 Oct Nov High 2-20 65% Aircraft Pacific < Low 1.35 July 1.35 1% IIII* Co——r— Petroleum Pacific 2%' Oct ya Jan Range Since January 1 10% 10c Nov 9 4% 14 1 Mar- 16% Jan 10 :i,i—* Co—— Lane-Wells 1% , 2% 13% Motor Car Company— 32 1 4% 50 General Electric common N common— Co— Co Development Hudson 13% 1% , Va", •-• - Industrial Rayon Holly 27'Va' Nov 100 1 1,300 A ' 7% 10 II 10c Intercoast Petroleum Corp-—- 50 ; . 22% - -• 33 125 11 1, ; — _• White Motor 1 - Upson-Walton 38y4 211 > 53 — Tile LeMur Jan Jan Corp 15% 9 : • National Reliance. 1.30 * 10 Portland. Feb 110% Los 35% 33 Medusa 3 74% Mar' Oct Mascot 11% 42 10 '1.00 Jan \yeek 3 1*8 Hancock Oil Co common A Lockheed" 101%, 101% 33 , Shares 1.80 3 Nat'l Bank-—100 McBean & Lincoln 62 —i. Jan xVo High 1.75 1.80 —--1 common Jan 50 4%- A Motors Gladding 53 a24% a24% 4% General 15%. Nov 44 4% for Range Low —1 America—— 14% 50 -100 Nov Sales Week's of Prices Golden State Company—-—— Aug 90 A Feb 12% , compiled from official sales lists Sale Price Feb Mar 1,108 Kelly Island Lime & Tr_—t—i Metro High 4% Apr Jun 1 a 5Va Angeles Stock Exchange 10 10 a22% a22% preferred Harbauer;Co Interlake1,' Steamship 110% 1314 a50 Jan 12% 20% of Oil Co 500 13%. 15% al3% _j— Jan 11% Nov 2 Sep 55 July 187 1 July 8% 2,076 • 11% a50 —— Halle Bros preferred——— Hanna 4 6 15% - B F-c.—— 64 11% I-Z25 Goodyear: Tire & Rubber 2% 63% —' *. Co—v- < • Feb 4 Range Since January 1 Low alll% alll% 1 3 2 l/a 200 . Preferred Creameries Exeter 180 2% 63% Apr July May 200 4 Va . Corp___—2; Department Store Inc * Jackson Company — * Aircraft Company—. 1 Farmers & Merchants 50 11%. 12% 65c 2%' — . Douglas Aircraft Company-—~——* 180 , 1% Mar 12% ' Diamond Blue * High 5 — ——L— • T & R 43% : alO'/a al0% Jan 15% Feb , 4 y8 50 1% Chapman's Ice Cream Co:.:---_--i.-*;', r Chrysler' Corp„——-5 Consolidated Oil Corp-———-* Consolidated Steel Corp * -i: Shares ( 4 • 10 % Cleveland Builders Realty Cliffs Corp 2%' Nov for Week Low -50 Mfg Fuel——.. Clark Controller Cleveland 32% May 10% Aug from official sales lists of Prices Nov 4Va Broadway Sales Nov lVa Aug 750 85c 83c Berkey & Gay Furniture Co-:-:—I Mar Range Par Ice. & Jan 1 Week's Sale Price. STOCKS- City 12 9 Last 11 500 Feb 1 2Va Mar 1% Apr 600 lVa 6V4 Apr 2y4 Inc——-—50c Bandini Petroleum Company.— 1 30 Friday , 11% iy8" 80c, Accessories 270 Nov. 14 to Nov. 20 both inclusive, compiled Jan 19% 6% Nov ' —1 Jan Cleveland Stock Exchange ' Akron 9% May 10 Oct 27 5 11 Par 315 39% 3 Apr 170 1 Va STOCKS- 1,580 4% Jan 688 Last 10% ... 2 505 ey4 Friday 42% - Apr 2% 1% Nov. II to Nov. 20 both inclusive, 2% ' 2 41% Jan 4% 25% 99c 1 Oct 10 .10 .——— , Standard Los Nov 283 2 Columbia Gas General Oct 6% 912 6% 2 11 Jan 11 280 2% . Feb 1J% July 5% 25 y4 — 5% 4%, May 85c Nov 10% 5% . .4% May Oct Jun 52 50 150 10 — — Feb 10% 150 1 % Jan 2% May Jan Jan 25 23 Va • 5 1% 2,775 Oct 10% 4 45'k 19% -25 230 3% , Mrcraft Rolling Mill— —-i City Ice &" Fuel——. 4% 23c Sep l'/a 95c Unlisted-— ; American GOO ' Wayne Screw Products common——4 •&; 64 50 15c 1,050 1% lVa Jan 19% 4% Jun 1 620 1% 16c 16c IVa Jan Apr 4% Oct 19% Nov 29% -10 —————- 1% 2% Oct 9% 10 39 Feb 650 9% Feb 1 175 600 6% May 1% Jan Jan 65c Jan 19% 16c —2 10 common— Feb 10% 6% Sep 1% 1% -j. A—.—; Srcraft 80c Jun 30c 2,230 iy8 22% 39 Nov 56 95c ' 360 2% .•2% Feb 1.00 1% * preferred-—— 3% May 320 9 % Feb Jun JUiy GQc 400 60c ' 2 1% 700 58c Jan ava lOd 1% 3% 1 Va 51'/» :—': Sep 1 19%, ;— Printing preferred—.— Western 16 v*' 4 Warner 6'/a:May , 110 ; 1% 56c common—1 Prod Radiator S Feb - 26% 2% S 8 ■ Jan : 24% 26% Procter & Gamble common—— U 3 21% .21% 34 r 34 class .A——————— Hobart ■ ■<C 50 8 .10 59 20 9% 3 . 7% 9% Kagle-Picher, Gibson Art L:_—I—CL-Jl'in 5% 303 7%. —— 100 9% * common——- Universal Cooler Jan 119 Aug 487 61 60 ■*>:' Yards——-— Corp. 9% O 50 : — • Stock Crosley 9% —_50 1. - Oct 3% 58c Udylite common ———-1 United Specialties 4—'. -1 Nov 3% Aug 114 282 Jan 2Va 5,386 * Tivoii Brewing common—.— Apr 100% Aug Jun 1% 16 115 Jan 1.00 57c 300 95c " CNO&TP 18% 3% 10 Scotten-Dillon common—— Standard Tube class B common— January 1 Low 40 . 3 81 preferred-—--: Range High- 100 Vii 100% ; _ Rickel Shares 20% 2m Apr May 15 1,694 92c ^1 common— Oct 4% Aug Jan lVaMar 1% 1% 92c 50c common Feb Mar 3% 3% common—, Car 14 100 17% 88c . —1 common—/—— Oct 2% 17% 88c 1 common-— , 78c 2,480 21 2% Wh 1 common Motor Packard for Week Low —20 Laundry 3% 3»/a — 20 5 common—— Parker-Wolverine Sales Range Par American 3V4 common—-———1 Abrasive Mid-West Exchange of Prices , Sale Price , 11% Aug Casting Peninsular ..... 200 —5 ' common——1 common—— Oil Micromatic Nov. 14 to Nov. 20 both inclusive, compiled from official sales lists , 12 common:——1 Michigan Steel Tube common 2 Vz NOV 6*4 Die Mich Nov Murray •; 12 Industries common——3 Wood Motor : -—— Masco Screw Products common.. Nov 5 31 . 76 Week's 9% Kingston Products common- 44% Friday 6% Mar Kresge (S S) common 10 Lakey Fdry & Mach common-——I Jan Cincinnati Stock 100 Nov Jan •• 9 .. -- Nov 5 5% 9 Nov 1% 10% 19 12% Jan 28 % 2% Apr 24% 1% Apr 13% May 5% 100 . Oct 518 12% 1% Oct 300 23% 1% 17% 1,200 1 - 1 '12% 4% 10 Corp common— U. S. Rubber Co common— Oct 4% Yellow Truck At Coach class B———1 Studebaker Jan I I Grand Valley Brew common——1 Hoskins Mfg common 2J% Hurd Lock & Mfg common— 1 Jan 7 15% 42% 44 15% Graham-Paige common- Jan 4% 14.% 290 common Gar 14% .4% common Iron 4%, 1,223 20% July 7% Apr 1,010 ————• High Feb 3 4% 20l/2 — common—10 Nav 4 20% Jun 11% 275 10% Cleveland Franke.nmuth Brew common- 3% .* -* Radio Corp of America common—. Republic Steel Corp common— 28% : — Oct 26 Jan -6% ; 275 27% . 7% Jurf 3 V2 1,050 16% (The) common— Low High * — common Jan 9 30% 17% May 250 6% 11% May 5% 75 10 Inc capital—-—-. Standard Brands common ' 29% Pictures common——! Oil Co 925 26% 8% 30 -— Paramount 3% 700 6 McLaren, ' Burroughs Adding Stocks- American Radiator & St San com—* Range Since January i Shares Jan1 ——_1. Baldwin Rubber common------. ' ,__*•/ common—<—! Corp 40 410 52%^ x50% Sales for Week Range of Prices Low Machine—* Consolidated Paper common——10 , ' Pure Par 200 • Week's Friday . Oct 81% ' , inclusive, complled from' official sales lists Last Sale Price STOCKS- 1 50 2 , 5% < Wm Jr) Go, capital——--* Yatcs-Amer. Mach capital—— 5 Pullman Nov. 14 to Nov. 20 both 200 ■!5' . 1% Wrigloy Unlisted Detroit Stock Exchange Nov 18% 650 * - Detroit Wieboldt Zenith, Radio Feb Nov " Westinghouse Elec & Mfg comrhon—50t Wisconsin Oct 10 76% • 231 : 111% 111% -100 - Jan 7% Apr 44% May '41 •' 105' 338 17% Xl9% 1 Western Union Tel common Telephone: Randolph 5530 Jan 40% Apr DETROIT 29'4 .NOV . Sep 58% 59% '50 *48 -—• Wayne Pump Co capitals— 19 . Apr 150 414 NOV Nov 25 .Sep' 19%.Mar 8 75% 16% '> Chicago Stock Exchange- Ford Building ' 17% 48 W —100 l. •20 550 725 360 : 39% : 58% 20 5 common..: Lines Air New York Curb Associate Exchange Detroit Stock Exchange July 8% ' Mar - 27% • Apr , •12% .May 350, ' Sep 5 ' Steel commott--——• S 20 , 1,050 ' U .2% 5l>0' 773 7% 22 8 New York Stock Oct dan '» 26 73% Members Apr % Jan 7% 39 39% . 2 28%,. .28% Carbon capital—*-* 33% Jun 4% ' •■ ■ 28%. ■ Corp Trane Jun % Apr Apr . 1% Nov 21% I 22 International 23% 30 150 16 -25 capital-—-—— capital——— -15- Co Swift WATLING, Lerchen & Co. Feb .13% 11 Va- • 24% • 7% Nov 5 Jun 50 3% • 1% 26 Corp common— -5 Sundstrand Machine Tool common. -5 60% , May 200 % . IIVb Warner Stewart . ' 1% 3 . 1% capital- :2b of Indiana 3 -20 —— Oil Standard ■* -i . 25 %. ' Va , Inc., .'common:————— 59,%' High , 43% May, —; : South Bend Lathe Works Dredging .Low 432 350 57% ■ Signode Steel Strap common—,—- Standard Range Since January 1 . 4% & Co capital—— Sefrick Corp class B common---,— —1 Roebupk Spiegel, Shares 1 High 4% • •Preferred' for Week of Prices Low Par Sears Sales Week's Range Oct 8 1 • Jl THE COMMERCIAL & 1852 Monday, November 23, 1942 FINANCIAL CHRONICLE other stock exchanges Friday for Week Range Last Range Since Shares of Prices Sale Price STOCKS— Sales Week's January 1 St. Louis Listed and Unlisted Securities High Low Par Low 2c 2C 1,000 2c Apr 6c Jan Mng Co 10c Co_: ——1 lc lc 1,000 lc Aug 4c July 6 6 1,000 4% Jan 6 Nov High * Mining Stocks— Black Mammoth Cons Cardinal Gold Mining Established Rad & Amer Smelting & Ref Co 15 532 26 % 26% 177 24 May 44 46 491 29 Jan a38% al30% 100 50 Copper Mining Co Ry—100 Atchison, Topeka & Santa Fe 46 —13 5 ——5 * Co , Bendix Aviation Corp Bethlehem Steel Pacific Ry Canadian Cities Service Columbia Company—— Gas Oil 10% July 13% Feb 50 8% May 10% Jan 31 Aug 39% Jan 53% Sep 60% Feb 22(4 Jan 27(4 Curtiss-Wright Class 110 20 6% 6% 50 37% 37% 160 3 (4 3% 125 2 21/2 1,360 a6% a — 3® 1 _5 • , 38% July 3% A 3 % 17 % Apr 2% 2V4 5 * 11/2 1% 1 29% 29% 315 > 34% —„• a22% 241/2 60 .* 29% 29% General Foods Co Tel International Kennecott Canada of Tel___ & Montgomery Ward & Co Mountain North Oil Ohio Co Pure Oil Co—— - Steel Corp Roebuck Sears, & Brands Swift Aircraft United Corp U S 33% 44 100 6% Co Steel Corp. 59 9(4 Oct Jan Oct 8% Mar . 21% 38% 39 % Nov 17% Mar Jun Sep 12% Sep Apr 58% Piping Missouri Portland 9% % a23% 24% Sep 62% Mar 73% STOCKS— L ' ' Electric 1st mortgage 5s St L Pub Serv ... American Stores Wheel 34% (4 Mar 16% tV Oct 22 y4 Jan 55(4 45% May Oct Jan Anglo Min Amer Corp 1 % Mar Oct 2 Curtis PTior 1% 17% 17% Bank of California N A_—— 33% 33 34% II10 Motors General n (N Y) Hafdart & Valley RR % Jan Sep 7% Oct Jan 67% Nov Emporium Capwell Co, common Fireman's Fund Insurance Co 134% 1% Oct % Feb 321 12(4 Jun 20% Oct 28% Apr 34% Nov Nov Jan 383 1,114 Jan 275 21% Apr 27% 665 3 29% 43 % 3% Jan 5 Jan 2(4 Jun 3% Jan 1% Apr v 65 Jan 3 3% 4% 3,486 22% 25% 3,813 18% Jun 26 Nov 32% 32% 325 29% Apr 32% NOV 10% 11 200 11 NOV —25 3 RR common preferred 2nd Apr 5% 2% 23% — . — —— '■ • . Works 44 % 3% —50 •. ■ x_50 14% 14% 155 —50 22% 22% 15 4(4 2 % May 7% May 11% Oct Langendorf United Bak class A 16 Nov Class 23% Apr 20% May Sep Preferred Salt Oil Dome Corp Tacony-Palmyra Bridge— Class A participating— Tonopah Mining 400 37% 37% 194 25% Apr 38 Nov Lyons-Magnus class Magnavox Co., Ltd 49% 72 43 % Apr 55% Jan •i'lL —Li —_ % ^ . $3 Corp rW 32 32 • common .— ♦ preferred —' _ » preferred 4% * United Gas Improvement common. $5 % ■ % Transit Invest Corp preferred-—25 United 120 20 20 • 102% IL10 Westmoreland Inc 79 5% 4,915 528 Jun £ % Nov Natomas hi Oct North 11 16% Mar Jan 5% Jan 106% July 3% Jun 92 Jan 12% 250 13 20 V-'— 20 10 10(4 15% Jan 13% Jun 24% Nov Oct 6% Friday preferred preferred preferred 5 % 1st preferred Pacific Light Corp common Shares Arkansas Natl Gas Co _100 preferred 8% 5% Blaw-Knox Co " Byers M) (A Clark (D L) ft Candy _ • 6% Pitt 2 Lone 1 % Brewing Harbison Walker Star Mountain Refrac 7% Supply — National .Fireproofing Corp Pittsburgh Oil & Gas corn- Screw Reymer Ruud San & & Bolt Bros Oil & 9% 15 6% 300 — Tel common Co's common & Tel Paraffine Apr 8% Oct Sep 6% Mar 7% Jan 10% Nov Phillips Petroleum Co capital Pig'n Whistle preferred. Puget Sound P & T common Jan R 6% 5 4 7 Apr E & Ltd common— Co R footnotes see Sep 2% Nov 8% Jun 11% Jan 1% Apr 1% Jan 13% 60 12% Apr 16% Jan Republic Petroleum Co 7% 142 6% Mar 10% Nov Ryan 6% Nov Safeway Stores Inc common Shell Union Oil common 7% 5% 79% 1% 2% 1 • 1855. % 3 700 lc 1 page 4,380 1% 6 5 ; 2% 9% 4 —— common 1% 14% 14% 1,160 6 804 4% 30c Apr 70c Jan Preferred Rayonier Incorp common Aeronautical Co 210 1% Jan 1% Jan 80% 90 55% Feb 83% Nov So 4% 120 3% Aug 5% Jan Southern Pacific Co 1% 500 1 Jan 1% Nov Standard Oil Co of California 1 % 6 lc 2% 15 30 1,100 300 534 Sep 5% Aug lc Jan 1% July 14 May • 7% 2c 3 19% Jan Cal Gas Co preferred ser A Transamerlca Corp Oil Co of California Jan Union Mar Union Sugar common Feb Universal Consolidated 3 Nov 1% Apr 5c 500 3c Jan 8% 1,940 6% Apr 6(4 334 5% Jun 7% Feb Apr 103% Jan May 1.60 102 30 1.50 216 85c July 8% Nov Oct Jan 3 2% Mar 565 16% Mar 21% Oct 267 30 Apr 41% Jan 60c Aug 2.00 Jan 365 45% 21 .36% 36% 85 9c 2,282 2% 2% 95c 1.05 2,300 1.05 100 * Nov Apr 33 Nov 18 Apr 23 Nov 11% 11% 597 10 Mar 12 Sep 82 162 76% Mar 88 Jan 36 23 39 13 246 15% Jan 100 5% Jan 6% 6% 103% 1.65 39 36 1.05 Apr 40c 4 31% 11% 12% 10% 30 100 18 ' 1,128 Oct 43% Apr 225 Oct Nov 1.10 Nov Jan 6% 14 8% Mar 1,287 Jan 37% Jan 3% 11% 11 15% 113 Aug 1,215 30 11% 7% Mar Apr 46 220 42% 4 ,. r, ; Nov 39 July 28% 200 1.05 41% 12 83 300 705 13 13 103% 104(4 37% 37% 5% Nov Jan 1,000 5% 4% July 13% Sep Feb May 30 Nov 8% Mar 14 July 12 12 13 51% 51% 51% 34 33 Jun 15% 15% 100 10 Mar 15% Nov 8% 8% 100 Jun 9% Feb 16% 16% 215 2% 2% 123 1% 39 37% 44 43% 4% 4% 4% 60c 60c 1.80 1.90 5% 5% 15 1.05 15 1.05 1.10 4%i "5% 1.25 1.25 24 20% ■ 23 8c 8c 12 12 21% 21% 2.60 4% 5% 5% 1.25 24 2.60 5% "51% Nov 16% Nov 12% Apr Apr 3 Jan 44 820 4 100 30c May 220 90c 5% Mar Jan 526 3% 60c Jan Sep Jan Nov 2.20 Sep 5% Jun Jan 15 Jan 210 12% Aug 400 95c Aug 1.90 Jan 200 3 Jan 5% Nov 4% Oct 1,000 50 90c 40 17 45 16 100 90 200 1.434 5c Jan 9% Feb 1.25 Nov Apr 24 Nov May 23 Nov Jan 6% Mar 17 ■ Feb 1.35 Feb 15% Apr 12c Oct 12 Nov 23 Sep 2.75 24 Nov Nov 23 23% 2,568 30 23 30 % 897 24% Mar 30% Oct 22 Mar 277/a NOV Mar 25% Oct 27(4 306 25% 25% 220 21 27% - 32 % 33 987 22% Apr 34 Nov 99 98% 99 130 90 Mar 99 Oct 3% 200 14% 396 11 89 89 89 % 108 72 32 31% 32 488 22% Mar 32% Oct 505 36% Jun 41% Nov 1,50 Jan 3% 14% • 41% 41% 2.25 2.25 7% * 6% —* 100 63% 9% 1 26 - 7% 6 % 65 9% 26 30 250 178 435 2% Mar Mar Apr 7 Oct 4 Jan 31% Jan 639 8 Apr 100 24 Mar 2 2 500 1.20 Aug 4 4 100 3% May 37% Nov 3% Nov 14% Nov 101 Jan 2.25 Nov 15% Jan 8% July 65 Nov 11 Jan 26% Nov 2.10 5% 43 Oct Feb Jan 37% 125 15% 16'/a 505 10% Mar 20% 20% 100 14 14% 15% 550 127/8 Aug 17% Jan 31 31 20 25% Mar 16 16% 37% " 15 * 5 25 10 66% 24 260 66% 36 * * * 2 25 Jan 142 ,.23(4 64(4 26% 26% 5% 5% 27 Jun 16% Oct 20% Mar 31 Nov 1,905 10% Jun 18% Nov 1,374 18 % Mar 28% Oct 8 5% 4,727 4 Jan 5% Oct 14% 14% 711 10 May 15% Oct 16 14% 25 Oil Oct 2.20 1.35 July 650 20% common——1 —1 Signal Oil & Gas Co class A Soundview Pulp Co common—: 35c 27% 25 Preferred s 2% 101 * * preferred 1% 1% 79% 0 Westinghouse Air Brake— For 6% 5% 30c • common Gas 5% 0 25 Corp Manufacturing Toy Mining Shamrock 10 5 — Pittsburgh Plate Glass Pitts 96 237 9% 13%- common- Gas Fuel 8% High common. 25 x~,——25 x_25 * * 9% Columbia Gas & Electric Copperweld Steel Fort Low High Ser Pub 1st Range Since January 1 Pac Low Par div $5 Pac for Week of Prices 1st 550 1.50 1.50 Petroleum 1st preferred High Low High 1.80 6 100 .—100 — Range SineeJanuary 1 Shares 8% • —————1 O'Connor Moffatt class AA— * Oliver Utd Filters class A.x— —* Pacific Coast Aggregates— 5 Pacific Gas & Electric Co common—25 Sales Week's Last Sale Price L* — 5%% Occidental 5%% Nov. 14 to Nov. 20 both inclusive, compiled from official sales lists STOCKS— Co for Week Range 81 —1 —* Invest common—100 American 6% Pittsburgh Stock Exchange B Sales Week's of Prices 3c 11% 5 National Auto Fibres common Jan 3*2 " 20 Westmoreland Coal 14% Oct 2% * (I) common March Calculating Machine 5 Menasco Manufacturing Co common—1 A Mar 15 4% J an 35 % Mar 770 14% Jun 20 50 102% 103% 5 —-80 2 20 7 * 1 * Magnin & Co * _i———... Jan 2% 49% — Sun Oil 3% 1% July 2% 37% • Scott Paper 6% compiled from official sales lists 1.80 -• r„50 B 2% . 92 91 Low 25 Food Machine Corp common —10 Foster & Kleiser common. -2% General Motors Corp common— 10 Geni Paint Corp common * Golden State Co, Ltd— * Hale Bros Stores Inc 0 Hancock Oil Co. of Cal class A 0 Hawaiian Pine Co Ltd-, —* Home F & M Ins Co capital 10 Honolulu Oil Corp capital * Hunt Brothers preferred 10 Libby McNeill & Libby x—1 ——— Oct 1959 100 * —x— 101% 686 4% 2% 94 common—10 92 2% ■——— Reading % - 23% 4% $1,500 Jan v — Giorgio Fruit Corp Preferred "II ctfs Pennsylvania RR — Philadelphia Elec Power 8% pfd„_ Philco Corporation 4% 23% Preferred Feb —* _) Light Pennroad Corp voting trust ' I_50 —— National Power " —xi ' 43% 3 " 12% Jan Zellerbach Corp common Crown Di 20 41% 42% common,. Navigation. Lehigh Coal & Lehigh — Oct 82 1 common-—-*—5 Corporation 25 18% * Storage Battery— 26 1 .-20 EI Dorado Oil 1,029 1% preferred Electric Horn 1% — 9% 574 « common—x— High ' if Pub Co Jun Co 10 Consolidated Chemical Industries "A"_* Low High 7% Feb 8% July 21 Clorox Chemical Range Sinee January 1 Shares 66 % Jan 21 170 —__ Bank Engine—, Diesel Imp Chrysler official sales lists for Week 6% r . Jan 9(4 Aug 25% Caterpillar Tractor Co common _* Central Eureka Mining Co common—1; Sales 64% ; 6% Nov 6 18% July 25% Accessories 50c Alaska Juneau Gold Min Co———10 15 65% 5% 125 100 Nov 615 Aircraft 1% 128% 130% 130% 7 20 116 6(4 Par Anglo Calif National 11 130 6% 20 Nov 114 Jun 14% Nov 6% STOCKS— Atlas 1 * w — ' Sale Price Jan Oct x—5 Co Chrysler Corp ■ Last Jun 10% 1 15% Mar 101 Jan San Francisco Stock Exchange 6% 11 I100 ! & Tel Tel American Budd • : .' Nov. 14 to Nov. 20 both inclusive, 71% Low 5 116 Apr 14% May 15 common al% Par Sep 9% Oct 17 10 Fuller common,- Baer & 4% May of Prices Jun 98 7 common——xx^—* 70% July Sale Fries 12% 5% ———* common Inv 65 Range 105 Apr 5% Feb 116 — — " Common Securities 315 Last 12% 6 220 Week's 90 60 6(4 to Nov. 20 both inclusive, compiled from 14% 14% 77% Friday 14 Feb 6% , Feb 12% Sep 13% Oct Nov Philadelphia Stock Exchange ll 14% 98% Bishop Oil Company —— Calamba Sugar common,,.-— California Packing Corp common Nov, V 225 14% 49% __ 16% Feb Apr 7% Mar 32 4% July 13% 6% 6% 55 98% - - 36% July Mar 27 115 a48% a48 Vs 4% 14% a76% * 4% 4% -X — 25 13% Jan 260 • Nov 15 •5% 98% Oct 24% ' % 10 10 Apr 6 Oct 16 4% 16% 16 May 5% • —. common——*■ Cement com—, Jan 20% 150 26 Nov Nov 5 Apr 43% 31 72 27% 27 250 25 Scullin Steel Wagner 29 Metals preferred_~100 Candy common Rice-Stix Stix 6% 10 ' x—* 9% Nov 5 120 28% 28% 200 7 Jan 101 July 5 * Dry Goods 1st preferred—100 National 12 50 14% 7 Friday 75 a73% —— Sply Sep 8% May 100 9% 9% Sep 21% Jan 95 14 —41 common— & 18(4 9 Jan Nov 31% July 75 Midwest 5 Nov 16% May 21 101 Jan 13% Bonds— 44 2% 4 a6% a ■ 5 Laclede-Christy Clay Prod common—5 Laclede Steel common 20 50 a21% 4% 6% Mar 80 6% Feb 12% - 50 43% Nov 13% 675 3% 10% 2% 253 9% Oct Oct Nov 50 15% 59 2% 17% 25% 25 a43 . — . x~I — 15% Nov 11 Jun 440 9% Westinghouse Elec & Manufacturing_50 Willys-Overland Motors Inc 4% Jan 14% Mar 20 25 a3% 5 —— 10% 59 _10 — 10% 4(4 a73% 27 % Warner Bros Pictures Inc 282 al5% • —— 50 251/a 15% 5 * (Del) 2% 16% 251/8 4% 9% • common Shoe 10 21 5 x Key Co common——xx National Bearing Mar 2 400 2% 16% 2% al6% Shoe Johnson-S-S 12% Jun 6% May 205 International Oct 10% Nov 10(4 common 2% 1.55 May 175 12 & D 31% Apr 25(4 Mar 65 1% 34(4 Feb 37% 13% a39% Corp—_—— (The) Rubber U. S. 32% 26% May Aug —25 — Union Carbide & Carbon Corp United 85 May * 25 — Corp (The) Texas 200 7 25 Inc„ Co— & 29% 43% 10 * (New Jersey) Webster, & 3,143 4 a Inc Oil Co Standard Stone 6% Huttig S 7 17 7(4 May 260 15% Jan Oct Mar 15 101 Hussmann-Ligonier common— Nov 290 » 15 Co— Socony-Vacuum Oil Co Standard Oct 6% 15 15% 101 —— 30% 9% —* Seaboard Oil Co of Del— 20 Apr 10% —* , 13% Jan a9% • 13% Line Air Sou & 2% al0% — Radio Corporation of America preferred———10 Coca-Cola Bottling common—— 1 Ely & Walker Dry Goods common—25 Emerson Electric preferred— 100 General Shoe common —1 Griesedieck-West, Brew, common——*' Chic 24% Oct -- __1 x50 Paramount Pictures, Inc— Republic Apr — " Packard Motor Car Co 5 —— 235 IO1/4 RR 24% Nov 1 — 15% preferred—50 common 23% 12 Co Pennsylvania Nov 34% * Aviation Inc American North American Co 15% Mfg 13% Mar 1% 1% * RR Central -1 4% 115 5 High Low High 5% 29% a a * 5c x—. Nov 30 Low Range Since January 1 Shares of Prices . 5% Investors 43% — a43% City Copper Co__ York New • —— — — 1 % Nov ~Oci 22(4 Apr 256 34% 5% 6% —* Corp Copper Inc - - Nickel International Loew's Corp, (B F) Goodrich Co 2(4 Jan 1% 100 * & Electric Jan Sales for Week Range , Par American Burkart 200 Light Corp Power General STOCKS— Nov 50 21%;. Last Sale Price July 9 Jun 6 920 23 Week's Friday Nov 47/8 Jun 33 Nov. 14 to Nov, 20 both inclusive, compiled from official sales lists Nov A Jun 50 Electric Bond & Share Co Elec 2% 1 % May 4% a21% a2iy8 Exchange Oct 2 (4 25% 8(4 St. Louis Stock Oct 25% 8(4 593 Oct 33% Mar a4% — BeU. Teletype 8L New York Curb Exchange Associate Nov 7 Jun 4% 250 32 a25% 1 ,—1 Corp A 60 35 3 4(4 25% ■_ Phone Chicago Stock Exoh. Jan 50 57(4 (Del)-; Co Postal Long Distance 4% 40 a25% Continental Motors Corp— CEntral 7600 Chicago Board of Trade Associate Member Chicago Mercantile Exchange Jun 2% 3% a — Commonwealth & Southern Corp—_* Continental St. Louis Stock Exchange 11 Corp„_—* Elec & New York Stock Exchange 12% —25 * :—10 Co— Co Tractor Caterpillar Members Oct Oct 3(4 a56 Corp Borg-Warner al2% 5 Corp Oct 28 % 53 130% Apr all7/e —.3 (The) Corp Barnsdall Oil 103 1922 705 Olive St., ST. LOUIS Oct all a (Del)__ Baldwin Locomotive Works vtc 41% 39% July 38% al28% 130% —* American Tel & Tel Co Anaconda 6 * Std Sani Corp Amer Aviation Edward D. Jones & Co. Stocks— Unlisted 16 190 12% 17 Apr 8 210 7% 6 Jan Mar 8% Oct Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 156 1853 OTHER STOCK EXCHANGES Last Range Last LOW High STOCKS— 5 20 *—* 25 10 Waialua 12 12 275 10% May 23 23 70 13% Mar 23 Dept Stores Western common 2.20 2.20 120 2 May preferred 17o Western Co Pipe & Steel Matson Navigation Co V2 Oct M M 2.25 Feb Monolith Oct Montgomery Ward & Co Mountain City Copper Central 8 7% 7% 530 6 Apr 16 Va 10 y» 125 13 Jun 17% Sep 5% 5% 66 33A Apr BVa Nov al28% 131 Va 757 104% Apr — Unlisted— Rad Am * Sntry American Viscose Corp_Anaconda Mining Argonaut Atchison Blair Co , Top & Santa Fe Del——— of Corp 3% preferred 1927—; Co Service Consolidated Oil General Idaho Electric Packard Jan Pennsylvania RR 1.60 Jan Schumach 85c Nov 30 78 V2 May 89 Nov 30 79 V2 89 Nov Apr 212 2Va .Aug 3% Nov 975 11% Mar 16 Ve Oct Bd preferred Oil 130 47/a May Oct Standard 128 6 May 87/a Oct Studebaker 400 7/a Apr 2% Nov 235 22% Apr United Aircraft Corp U S Petroleum Co 1,000 1.75 Oct 29% 2.25 Nickel-of Canada • International Tel & Tel common -* 28% a28 30% 4 1% 5% : J—: Nov 47 2% Oct 25% Nov 2% Feb 282 13% Sep 16 620 17 Oct 23 Feb 58 100 58 Nov 58 Nov 20% 274 15 Apr 20% Jan Nov Westates 36% Jan Western Union Telegrapl preferred 40 25 Mar 29 Va Oct 25 23% May 27 % Nov 4% 310 44 3 280 Mar Apr 43% Oct 4% Jun 5% Oct 25% July 32% Jan May 1.50 Nov Jun 55% Jan Apr 6% Oct 1.10 Oct 5% 25 27% 146 1.25 1.50 15,940 48% 48% 549 44% 6% 30 4% 48% a6 ■ 80c 97c 97C 600 60c 26%' 26% 230 24 Va 1 __100 Jan 5 30% % a27% 1 50 * 6% Ofct 27% a5 Jan 4% Nov 29% a42% •MM* _*__„_***:—1 Pictures Petroleum 531 4% * 5 5 Bros '/J a28% 1 United States Steel common., 4 18 a27% 25 common common... 27 V2 May 355 30 N Warner " a29% Corpi common—- Oct of Corporation Jan 2'A 682 63A Jun 15 4% —— Nov 257/a July 180 Feb a20% 25 30 V2 " Jun 2 19 58 25 7 7 4% 25 Inc—* 2»A a29% 38 262 1,270 Oct Jan 1.20 July 17% * — Brands 8'/a 2.25 15 12 % 13% Jan 2% Jan 2.60 15 18 _* 5%%. preferred Standard '2Va 2.25 25 Oct 31% Nov May 1.15 25% a2% * preferred a8V» Co——u__• Copper 6% Wall a6% ' 47 10 3 Nov 6% May 7% May 620 47 — Apr 1.40 270 1.00 *- Sears Roebuck & Co capital So Calif Edison Ltd common... ' Kennecott Radio Corp of America— , Republic Steel Corp common— Oct 4% „* Mary Mines Corp———l International Jun 52% Feb 12% 10 Va 11% 50 638 Mar 10c 5% May 24 % Apr 420 1.90 10% 100 * 33% High 24 May 5c 10 al.00 common——" Jan 3% , * 20 1,000 6 1.85 10 20 10c a32% 1.85 Low 23% 6 *1 common — Co 23% 6 Range Since January 1 Jun 4 Jan 30c 2,233 89 15 capital— * Motor 10 Shares High 9c 5c RR !——1 —, Co Share & NOV 15% "3% 15 Va Nov 29% Preferred pfd Aviation American 23 V2 1 * Pacific Portland Cement ——5 Corp** Curtiss-Wright. Corp Bond 89/ 89 10 —* 80c 89 ,—100 common—*j, Elec York 8% Cement LOW * 2% May 200 70c Port ! Cons— 28% 29 V2 795 3'A M 129% 1.15 Mar 3,600 44% 3% Inc., capital —1 Cal Ore Power 6Vo preferred n-C——100 6 'fa 1.55 43'A & May 3 100 3% 1.55 -3 Consolidated Edison Co of N Y- 320 26 3% & Co., Cities & 23% May 24 65 29% a25% 50 * 5 100 Copper Mining Aviation a29 14 Natl Corp class A common Anglo a —-100 Tel & Tel American J North St & of Prices Par Jan Sales for Week Range Sale Price High 12 New Equipment Co preferred Agricultural Co Victor Week's Friday Range Since January 1 Shares of Prices Low Par Sales for Week Week's Friday Sale Price STOCKS— Sep . July 29 , Oct CANADIAN MARKETS--Listed and Unlisted Week's Friday Last Montreal Stock Exchange Nov. 14 to Nov. 20 both Week's [ ' Par Algoma Steel Asbestos common—, * Corp Associated Bathurst Bell » Breweries Power & T L & * Paper A*_ Canada- I—100 Telephone Co of Brazilian * P British Columbia Power Corp Bruck Silk Mills class A_* — — Building Bulolo « —5.00 Dredging* Low 7% Shares Range Since January 1 High VA Low 135 7% Cotton 7% Nov Class B Zellers 12 40 41 2% 2% Canada 5% Steamship 9% Apr Commerce!—**100 124 124 21 118 122 122% 3 116 preferred —50 Canadian Bronze Preferred common 20 Oct Canadian 13% Aug 17% Jan Royal Bank of Canada—— 13 13 13 280 14% 135 135 11% — — 11% r 169 / 11% 2Q ■ 20 212 6% 155 18 Jan May 150% 11% 22 of Bank 4% 4% 50 4% 11% 11% 11% 11% 1,000 11% 10 11% 550 5 4% 510 4% ,.100 Jan 13% May Mar 12 3% Oct 5 Nov. 14 to Nov. 20 both inclusive, compiled from official Jan Jan Canadian 29 102 18 •• — Consolidated —25 Mining & Smelting— Seagrams 7% Dominion Bridge Dominion Coal Dominion —* **__. Stores Preferred — Dryden Paper B 27% May 10 50 Nov 29% 32 Jan Jan Feb 105% Aug 7 185 4% Mar 7% Nov 300 21% Mar 27 195 130 85 115 22% - 115 22% 3% 3% 3% 3%. .3% 3% 7% 8% 7% 36% 105 21% Mar 120 2 22% Mar Nov 27 Jun 130 Nov 15 Feb 116 Jun Jan 114% 45 27% 23 Oct 693 3/ Mar. 250 3 Mar 3% Nov 6,850 5 Jun 8% Nov . / 4 Nov 36% 36% 536 32% Aug 39 Jan 26 160 21% Mar 26 % Jan 21'A 21 y2 260 20 Ve 24 • Abitibi 6% Power .25 Foundation 12 ll'A 100 114 common. common Gold Jan Aug 9Va Jan 3% Feb 150 85 66 66 4% 155 •; 6 Oct 5 Nov Aug . 3% 89% Aug 82 Jan Apr 6 ' Jan 4 ♦ 50 25 3 July 50 12 July ■6% 100 5 6% 6V2 380 5 Apr 86% 20 84 Aug 92 Jan 35 2 Feb 4 Sep 4 4 Imperial Tobacco of Canada common_5 _£1 ——..— 1——* 2% Apr 2% Feb 5.80 Oct 10 165 50 67/a 9% 9% 6% 25 Nov 4 Nov 4 Nov Jan Sep 14 Jan Oct 100 Jan Apr Jun Apr 28 Jan 10% Nov 12 y2 7 Jan Jan Apr 11 Nov 10% 45 10 Apr 12 Jan 40 20 Feb 23 Sep 32 33% / 641 29 Apr 11% Mar 36 Jan 16 Nov Jun 90 Aug Jan Ltd—*—* Candy * 32% 15% 15% 16 89 89 17% 16% 17% ;. 9 1% 1——— - ; _I common _*_"• Car Corp—L Noranda Mines Ltd.**;——i. -.4% • * *_- 24% 29 * 37% 721 40 87 872 15% Aug 17% 15 6% Mar 10% 475 2% 5 347 2% May 21% 20 20 6% 4% 21% **100 , 9 5 Light Heat & Power, Cons—. ___—*!_*_ . 89 *—3 Tramways 9% 9% 85 6% 10% 7% Mar 941 7 Nov 21 Woods Milling common McColl-Frontenac Oil 10 % 6% 10% preferred—*„ 100 Massey-Harris 10 22 Jan 21 International Nickel of Canada com**Co 440 1,106 Jan Nov J* — Power 7 26% 10 Va 8 93% 3% 3V2 16 25 common— International Petroleum 10 y8 Feb 270 10 10 ... 945 95 9% 95 2% July 125 ' 4 7.35 26 Oil Ltd—————- Breweries 2% 3% Bay Mining Corp Jan 3% 7.25 IlOO ——/ Bronze 50c 14% 4 4 10 common—*. Acceptance Apr 14 % 4 [1.5 Preferred 30c 85% "6% ~4 — — Preferred 35 40c 20 * 2,228 20 Mar 105 . 12 Apr 24% 25 977 29 29 75 37% Apr 40 Ogilvie Flour Mills Placer 100 Price Bros 5r/r Co & preferred Ltd Regent „1 / 28 9% Jan May 5% Nov British American Oil Co Ltd 16 ' 16 16% 745 13 Mar 17% British Columbia Packers s :— •' * Canada Northern Power. 17c Canada Canada Wire Canadian Ltd 13 Va Apr 15 Jan 5 97 % Nov 102 May 14% 14 14% 1,741 13 July 74 74% 10 74 Nov 6% 6% 10 ' — Investments __ ♦ * Canadian Vickers Canadian Westinghouse Co Commercial Ltd Ltd Alcohols Consolidated Engineering Works, Ltd Dominion Oilcloth Donnacona Eastern Linoleum & Ltd Ltd Dairies Fanny 7% Fleet Aircraft Ford Motor Fraser 5 7o *— Canada Paints Ltd Power & class Jan Jan East Jan Eldorado Jan Francoeur Nov Inspiration 175 4 Jan 6 1,000 5 Jun 6% 4% 35 3 Mar 7% 8 260 6 Sep 100 4% 11 July Nov 18 18 10 *17% 20 % 70 20 Oct 25% Feb 85c Mar 1.50 Nov 2 Aug ' ', 54 75 54 Nov 70 Feb 13 30 11 Apr 13% Nov 5 common 5 300 3 Mar 5% Nov O'Brien Pato Gold Ltd— Cons —■ St Lawrence Class A Corp *50 St Lawrence Flour Mills St —100—• common preferred*. Paper preferred Shawinigan Water & Power* Sherwin Southern Steel Co Williams Canada of of ,*_<• Canada * common : Preferred United Steel For 15% 10 *—*100 — Corp footnotes ,t * see page 1855. 1.35 90 1,005 104 May 1.00 Aug 106% Aug 2 Jan 11 330 Oct 15% Jan 23 60 22 Jan 25 Apr 30 45 24'A Jun 43 Jan 9% 14% 15% 9 896 10 8% 12% 7 Feb 15% Sep 13% 10 80 9 Feb 10% 61 5 58 Mar 63% 66 L75 10 61 * * common... 105 23 9 25 Brothers 1.30 30 * Power Canada 10V4 23 100 1 Preferred Tooke * common Lawrence 105 1.30 66 155 66 Nov 1.75 20 3% 1.75 57 1.75 Nov 70 Antonio 1 Siscoe Gold Ltd Consolidated 4 125 3 Feb 4 — 15J/2 — 41 101 3% 13 Jan Jan Oct Jan Jan 20 « Oct 13% 7% Aug 1.05 Nov Feb 1.50 Feb 15 Apr 5c 15 5c Sep 15c Mar 13 % 25 11% Sep 16 13% 5% 15% 80c 41 2% 5% 110 60 3,891 5 100 50 25 3 25 10% Apr 13 34 Nov Oct 6% Apr 101 15 /:—/,• — • — ;1.15 46 % 19% 102 15 / 1.15 46 % 19 % 5 15 105 Feb 11% Jan 15% Nov 75c Apr 80c Nov 39% , Apr 45 2 Mar Feb 3% Jun Apr 6 Jan 100 Jan 103 Va 11 Feb 4% 1.05 10 8c 8c 1,500 lV8c 40 * Feb 15 1.20 Feo Nov Oct Jun 50% Jan 18% Mar 19% Feb l%c 500 7%c July 16 %c Jan 171.05 1 1 Feb May 5c Jan 38c 38c 2,000 3c 2,000 2c 17 17 25 10% Apr 17% 1.05 1.05 50 73c Oct 2.24 32c Feb 60c Nov Oct 3.10 Nov Feb Jan 58c 225 3.10 50 17c • 50c 15c 17c 400 15c Oct 41c Jan 200 6 1,000 250 19c Nov 28c Aug — 19c 7 Oct 4.35 Jun 2.79 Oct 4.00 Jan 100 1.00 Oct 2.22 Jan Nov 10c Oct 75c Feb 3.00 Jan , - /.,,— ~ — „,9c 300 45c 100 36c 1,150 51c 1.39 1.39 1.47 1.42 1.54 63c 63c 34c 100 1,100 1,300 200 1,800 500 1,500 33c 24%c24%c — 55c 55c — 1-62 1.62 — 2.90 45c 2.35 __ 6% 9c 2.20 51c ' 2.40 9c 2.20 51c —-1 *1 Jan 46c 3.10 1 Ltd 2c Oct — 1 1 1 Apr —. . 1 lVac 21c 3c __ * 1.00 1.00 Waite Amulet Mines Ltd Jan 2.00 Mar 41c 1.00 1.30 May Oct Oct 60c Aug 25c 15c 38c 7 51c 3.20 Nov Feb Nov Jan 1.55 July 87c Jan Oct 49c Jan Oct 31c Jan Oct 65c Jan 1.25 Oct 2.20 Jan 3.40 Nov 4.30 Jun 3.40 3.40 200 250 2.25 2.27 2%c 285 2,500 2.05 July 10 16% Aug Jun Jun OilsHome 20 37 3% 20 Jan 13% 5% 13% 80c 41 2% 5% 13% , —*" * Mines Homestead Oil & Gas Ltd Mar 15 12% Apr May Feb 5c 15 1.53 Mines Ltd— Oct 12 325 100 1.53 * Nov 121 446 9% 1.50 4 1.75 Mar 15 20 13 % — * 1.75 20 14% Mar 20 9% 3.80 3.15 Mines? Ltd Jan 2% Mar —- Ltd Mines Ltd Teck Hughes Gold 225 --/ Ltd— Mines Sullivan 3 3 6% 20 1.50 — / „ • 1 Gold Mines Ltd Sladen-Malartic 25 *" __*-. Dredging Ltd**-* Mining Co Ltd—*! Sherritt-Gordon 125 19c 7 3.90 3.15 Preston East Dome Mines Ltd San 12% 2% 19 % —1 Ltd — Mines Nov Jun Ltd Gold Premier Gold 408 19% — 9% preferred*. Mines Mines 88 3% //_/■"/ 1 Gold Mines Ltd Gold 1.50 12% 2% .— 8c Ltd—1.00 Kerr Addison McWatters 1.25 19 % — 5 v Oct 3 , 3 1 Ltd Mines Malartic Goldfields 54 /,*.7 • * Mines Ltd—" Nickel Jan Jan 20 % * Mining & Development—1 Gold Jun 3% July 42 Jan — International Lamaque Nov NOV 100 —* Mines Oct Apr 34% 3% 1 Ltd^ Mines Gold Mines Gold 2% 25 2% * 22 215 Feb * ' 21y 1.25 Jun 10 3 June * pfd Ltd— Gold 1.00 1.25 34% Oct 1.90 "A"—" B__ Ltd Mines Malartic Gold Malartic Jan '''••/•;/"/"'"/•■ Central 34 175 1.65 1st preferred——25 Jan Mines Aug 815 . Dome 155 1,650 ■ • Cadillac 10 Jan 2% * Walker-Gooderham & Worts (H) com** $1 cumulative preferred—_,**——* Gold 160 7% 2% Brewery Ltd / Jan 31 2% — Mines— 161 Oct 6% Mar 2% , Walkerville Oct 25% 2% Massey-Harris Co Ltd 5% pfd—100 Melchers Distilleries, Ltd., preferred_10 Mitchell, Robert Co Ltd— —* Metrop Refrig & Storage com vtc *. / Moore Corp Ltd * Noorduyn Aviation Ltd— * Provincial Transport Co _* Thrift Stores 6%% 127% 1.25 Paper Co———* Southern Canada Power 6% 17 ^— —*20 preferred 100 180 ♦ * A (Canada) International Utilities MacLaren 27 7% 3 ——1* Ltd of Jan Jan Apr 149 34% • preferred—100 Companies voting trust International 1.25 Shops Inc——1 Candy Farmer 1.45 160 160 * Fairchild Aircraft, Ltd 108 Mar 1.00 Aug 300 Jan May 7% Co*—* common*— Paper Co 106 7% * common Dominion Woollens 85 4% Aug 3 1.20 20% 149 —V Ltd Corp Ltd Paper Jun 6 26% 7% —* common 20 6% 107% 107% 1.15 — Ltd—* Ltd., class B**—" 7% preferred —*100 Canadian Power & Paper 5% pfd * 23 y2 4% , — Canadian Industries, Canadian 6 * Saguenay Power preferred —. 6%' pfd—*100 —*— General 1,206 97% * common Preferred 15 97% * — Cable .6%% & Breweries 15 ,— pfd*—*100 Vinegars Ltd** Jan — 100 Ltd—: Calgary Power Co Ltd 6% pfd Canada & Dominion Sugar Co Aldermac Copper Corp 6% Jun Jan 4 Bouscadillac 6 110 9% Oct 6% Jan Jan 105% Mar 200 26 Sep 13% Mar 738 109 120 Apr 11% - 110 110 9% Mar Sep 80 5% Jan 13 ——— Knitting 425 , 210 7 5% Nov 8 .100 L_ common...*., Quebec Power 21 92 High 75c May Nov 37/a 9% Corp 5 4% common- i of Canada Corp 20% : 21 —— Lt Development——,, Power 20% common.. Electric Rys Heat & Power Ottawa 475 91% — Falconbridge Nickel Mines Ltd Ottawa 4% i Power 4% 52 4 — Beauharnois Oct Oct LOW 50c Brewers & Distillets of Vancouver Ltd_5 29 35% Range Since January 1 1,100 110 9% 21% 441 Shares High 55c „ * 1st pfd 6% Beatty Bros ! ; sales lists Sales 50c 100 *—* Aluminium Ltd Nov 6% Mines. Howard Smith Paper Steel 15% 117 3% common..— Bridge Hollinger National Jun -750 69 V2 2% 14% t— common Hamilton Montreal 4 5 V2 40c Gypsum, Lime & Alabastine—*.*. Lake of the 6% Jan 89 4% —100 Laura Secord 50 69 _—-4. Wares International Mar 5% 89 —*————. (Charles) Industrial July 112 636 4% 100 common,.^,.—. Preferred International 10 5 7% 5% ——— Paper common——* preferred Dominion Gatineau Power Preferred 230 12 114 7% ' Co of Canada—— Steel Oct Mar & Low — & Heating Prod-— English Electric class B———1 National /. Apr 8 27 Enamel Mont 30 25 V2 Jun 27 .25 — ii—- ——i Dairies Imperial 274 5% 7 Ltd-.——— *—i.. Textile Dominion . common.——* Dominion Tar & Chemical Hudson 5% Mar Apr 27 21% preferred—1—. Glass Dominion General 29 4 953 7% 105% 105% common Dominion Steel & Coal Gurd 250 26 —_b Feb 153% Jan for Week of Prices Par Canadian Distillers Eastern * __ Pacific Railway Canadian 5 Range Sale Price Apr 30 , 105% STOCKS— Week's Last Jan Sep 28% -100 com « Class B— • Sep 16% 7% •_ Industrial Alcohol class A—♦ Canadian • 91% 65 130 —*_" 1 Cottons preferred*: Foreign, Investment Canadian i 12 17% —■ common 152 Sep Montreal Curb Market 5j/4 May 94 5 Canadian 7% Sep Oct Jan 17% 5 27 Celanese Oct Jan Jan July ' • Canadian Car & Foundry common. 1% participating preferred- —25 Preferred Oct 25 Jan 135 10% Aug 124% Aug — [*100 Jun Banks— 16% Aug « —— Jun 3 Aug 80 * common 3% 24 490 « Corp— Apr 250 15 : Power 85c 25 20 93% Northern 3% 25 15 « Forgings class A Canada 43% Apr 25 preferred 19 Preferred Canada July 80c 15 »■ 35 20 2% Jun High ,, High 3 21 2% * 15 * common—*** Low 3 Friday Canada Cement Range Since January 1 High 3 - — Ltd Low Shares - , 20 *****'* "A" Products Gold * common**.. of Prices Of Prices * common Winnipeg Electric class A for Week Sale Price * Wabasso Sales Last Biscuit Sales for Week Range Sale Price Par Via inclusive, compiled from official sales lists Friday STOCKS— STOCKS— Apr Oil Royalite Co Oil Ltd Co Ltd* ! * — 1 -* — — — 2c 18 18 2c Jan 2.70 Feb 6%c Apr 19 Jan rHE COMMERCIAL & FINANCIAL CHRONICLE 1854 CANADIAN MARKETS - Monday, November 23, 1942 Listed and Unlisted - Week's Friday Last Toronto Stock to Nov. 20 both 14 Nov. Exchange inclusive, compiled from official Friday Last STOCKS- Week's Range Sale Price Abitibi Ajax & Paper Power Oil Gas-, & pfd 100 1 15c for Week 7c Shares 4 Range Since January 1 Low 4'/8 635 4 15c 100 6 %'c 7c 1,500 85c 25 75c ——————__100 32 32 233 8c Cons Grain Preferred Copper Oils Ltd Corp Oil Anglo-Canadian : Ashley Gold Aunor Gold 8c Mining Apr 4,500 7c Sep 40c 500 34c 2.10 326 B u - Bank of Toronto Bread Base Metals Jan Macassa Mines, Ltd MacLeod-Cockshutt Gold Mines- Madsen 33 Nov Malartic 16 %c Mar 55c Jan Oct 2.65 Jan Red Lake Gold Gold 40 lc Nov Jan Preferred 1,800 75c Oct 1.47 Jan Massey-Harris 4C 4c 1,000 3C Oct 6c' Jan McColl Frontenac Oil 200 203 21 Bear Exploration Radium & ■—1 Beattie Gbld Mines 4'Ac - 62C Bertram & Sons Bidgood Kirkland Gold Mines 134% B.. Ltd Mines, Ltd Nov Mercury Mills Ltd - American British Columbia Power British Dominion Oil class Corp Cadwell ! Gold Jan Nov 7% Oct Moore 100 8c 2,000 1,500 4%c Mar Feb 8 Mar be 10c Jan 10 Jun Class A Grocers Oct 9.30 Jah Oct Noranda Mines 5% 5% 5% 200 4 Mar 16 16 16% 1,205 13 Mar Oil 22 29 Apr O'Brien Oct 61C Jan Okalta Oct 7c Feb Omega Gold Feb Ontario 5C 600 5 600 2%c 30,000 12 475 8 25 15 1.00 __ __ _ Breweries _» 7 123 common Ltd common.— ... 7 % May 22% Nov Canadian Ltd - Canadian Malartic Canadian Oil Co Loan ___ ... Central Porcupine 8% Jun Orange Crush 23 % Jun Pacalta Oils 1.20 Chromium Coniaurum Page Hersey Tubes Ltd———_i 94 24 90 Sep 102 Feb Partanen 32 Nov 34 200 120 43 % 8 30 993 , 157 110% Sep 5% Gold Nov Nov Pioneer Gold Feb Premier Gold - Oct 140 Apr Preston East Dome 25% Oct Jan Prospectors 115 200 100 5% 50 20 16 Apr 9 225 8 30% Sep 4% Mar Gold 7% 125 Airways _ Dominion-Scottish Jan Mining 7% 4% Mar Nov Reno Nov 5 Nov 9% Aug Roche 35c 40c 6,025 13 25 8% 4,905 7% 6% & Steel & Gold ___ 1 52c 4%c 5c 1,500 51c 52c 2,500 2.75 — 2.50 2.75 487 54%c 59c 7,300 7% 7% 160 62c 62c 65c 800 9% 9% 100 36% 36% 36% 689 115 115 115% 32 35C 35c 35c 100 2%C 3c 1,000 25% 26 360 —^ ;» 17% 16 16% 2,161 142 142 5 * 19% 19% 70 pfd. .50 23 % 23% 6 7% 7% 295 5% 6 5 — Ltd com a ^ — 1*20 .-- — ■ .■ --- Sep Royalite Nov Russell 5 Jun 8% Oct"- 1.72 1.30 44c 5% 43c 1.30 Jan Sep Oct July Oil St Ind ——— Oct Jan 5 Oct 103 % 2,675 31 %C Oct 85c 100 4% Nov 6% lc Sep 2c Jan 19c Jun lc 1,000 15 %c 15 %C lc — 2,250 12c Oct 70c 70c 200 41c Oct 1.00 Oct 1.35 2.35 Jan Jan Nov Jan Jan 98c Oct 30c Oct 1,40 1.36 1.45 19,000 97c Oct 3.20 Jan 15c 15c 500 10c Oct 20c Jan .1 20c 20c 20C 100 17c -Aug 20c 1 22c 22c 23c 2,067 8c Apr 39c Jan * 2c 2c 2C 20 2c Nov 6c Aug 8c 8V2C — 4 2.20 57c Jan Jan Oct 10,400 2%c Apr 23c Apr 20 500 17% Oct 24 Apr 2'Ac 2'AC 500 l%c Nov 122 123 12 115 Sep 18 -18% 71 16 Sep 135 July • 20. — . 2'Ac _100 * — 18% 149 150 15 1%C l%c 1,000 150 * 1 Jan Sand Oct Ltd— _ 2.95 74c 7% Sep Jun Oct River & Scythes Gold 3c 155 19% 150 Sep Jan Jan — l'/aC July Nov 4c Jan Jan Co Mines—, Shawinigan Water 92c Jan Sherritt-Gordon 10% Jun Sigma Aug 39 Jan Silverwoods 132 Mar Mines Simpsons Ltd Petroleum see page 1 Jun 3 Nov ... Jun Siscoe 6c Jun 26 Nov Slave 17% 21 Mar 10% May Lake — Mines 76 55 34C 2,800 25c v Oct 49c Jan 23C 2,300 13 %c Oct 34c Jan 2%a 2%0 1,500 lc Apr 6c Jan 2%c 2 %C 2,000 2c Aug 55c 55C 13 40c 57 Nov Sudbury Basin Mines—/——* 1.40 276 95c Nov Sud 7% 30 Nov Sullivan 1.08 4,800 73c Oct 60c 2,000 32c Feb Mar 1.40 6% Mar 8 Contact com...* Gold 3.00 990 19% 155 2c 1,500 1 %c 3 100 2% 20 777 20 277 20 18 %C 19c 4,500 12c ll%c 12 %c 4,900 2.25 Aug 15 May Apr Sep 14% Mar 56 55c .* 60 % 60% 61 % 1.63 1.31 1.67 3 8c 8c 8c 100 1.15 1,15 1.35 200 Mines — ! 3C Nov Tamblyh Ltd 3.60 Jan Tip Jan Toronto %c Jun Toronto 3% Jan Transcontinental Oct Twin 22 2 20'A common Teck-Hughes Gold Mines Top Tailors common..— Nov 12c Oct 42 %c Jan Union y9c May 20c Jan United Steel Oct 11 %c Apr Upper Canada Mines Ltd——1—' 2%c Oct lc May 10 %c 4%c Oct Gold 6%c Jan 12% 13 153 11 Oct 7.30 7.50 1,143 2.20 2.28 536 _* 19 19 10 l 13%c 14C 6,000 25% 27 695 50 50 90 1,897 » 2.24 26 100 —* 10 10 10% 10% 10 10% 570 20c 20c 20c 200 9% 7'Ac July 2% July 2% 1.50 1.60 2,637 4% 5 4 Aug 68 68 5 63 May 50 Aug 84% Mar 23c Jun 50c 68 36C 8,800 Jan Walker-Gooderham 4 Nov Wendigo Gold — 5% 5% 6%C 6V2C 5,700 1,504 6% 33% 120 3% 1,225 Ltd .6% —1 3% . ./79c — & Winnipeg Elec preferred Wright-Hargreaves Mines. l%c Oct 4%c Jun Yhiir 5.75 Oct 10.50 2.07 July 2.70 19 12c Oct 20c 21% Apr Aug 28% Yankee Girl Jan 55 Jan 7% Mar 10 % 12% 31c 99 Jan Jan 2,116 29% 16 2,750 11% Mar 11 %c 11 %c 16c 2,900 490 1,833 5% Nov 6%C Nov 2.85 31c 31c 6.35 2.80 Oct 9% 16 Nov. Oct 29 %c 4.40 62c 960 9c 13,500 17%c 17 %c 500 41c 3.00 5%c 15c 10% 36 Jah Mar 4'A July Oct 1.24 Jan Apr 5.00 Jun Jan 13c May July 22c 59c Oct 12 4.15 3.10 3.45 1,103 47 47 % 75 18c 18c 5,350 10'/a 370 3.10 Jan 40 8c Nov Mar Apr 4.80 Sep 50 Jan 18c Nov 9% July 11'A 6 22 Oct 2.90 Jan 18 5 2.35 3,330 1.80 Oct ;5'/2C 5%C 5%c 5,500 2%c Apr May Jan 5%c Nov Exchange-Curb Section 14 to Nov. 20 both inclusive, compiled from official sales lists Friday Last Sale Price t Nov Canada Vinegars -Canadian • — Marconi Jun Howard Smith trust— Paper Mills com 5% 6 20 90c 100 Range Since January 1 tlbw High 4% July 45c 1.55 Jun Aug 2% 2,259 3 3 100 21 21% 30 9% 9% 20 8% July 9 Press A— High * * * Paper Corp—_——* Dominion : Shares —* Consolidated Jan class for Week Range 90C 5% * Nov Bridge Bales Week's of Prices Low Par —1 Co_ 2% 2 Vs 2 20% 9% 9% 20 20 20 20 15 19 % 2%c 2%c 2%C 1,000 l%c %c %C %'C 1,000 %c 1.11 1.05 1.14 2,900 Nov Oct 7% 90c Jan Nov 3% Jan 4 Jun 24 Jun 10% Jun July 11 Feb July' 23 Jun Jan 100 Langley's Ltd preferred Oct Oct 2,900 July 2% Mar 18 STOCKS— Fraser Co voting Oct 79c 3.95 4% Aug 29 2.20 Consolidated 3,800 Feb Jan Jan MiheS.^—^.jl* Gold ' May 36% 33% 35C Jan Apr 2.20 Toronto Stock Jan Apr 32 8.75 18c Jan Oct 8c lc -100 * > Nov 9 % Jun 12c 151/4 3,25 Jan 8% Jun Oct 31c 2.34 76 Feb Jan Aug 8.25 Oct Jan 16 46 68c 3,85 10% 47'A ; -* common Jan 5 3.10 — 3.10 __i—t Nov 86 5,600 , Worts com—* Mines 4 15% 35C —i.1 Ltd———* 55c 32% 8.75 Mines, Jun 10 49c 1,50 10 6'Ac .6 Oct 675 48c 1.18 30 28C •3% 26c * 1 13c 9% 48c Jan Jan 7%C Waite-Amulet 871/4 18,535 1.98 11% 125 31% A i—— Oils Feb 16% 9 3.90 Oct 8% May 2,100 2% Mar 87% 3.75 98c 1.24 Vermilata C'Jls Vulcan 500 Jun 66% —;—-—iA Nov 2%c Jan 65c 50 class Ventures, Ltd. 60 2%C 3c Oct — Canada..——* of Invest 51 5,950 Nov ———v* Co Fuel Apr 2,450 lc 39c • Gas Mar 4 400 1,800 4% —*1 Mines... % Aug 40c Jun 3C Oct Uchi 1 38c 1,70 Oct 20% 31% 3% Oct 13 %c Mar 10% — City Rapid Transit common—i.* 20 % Mar 39 195 1.05 Oct 55C 34c 14% Mar 11 1,000 Sep \ 7c 1.55 Resources 15 35 10c 3% lc. . —50 Mortgage Company 256 3% Jan Nov 10% —1 --*< Trusts—100 General 51 10c Jun 1.96 Jan 1.90 314 Nov Jun 1.19 —u* 2.30 Mar 60c 63% 10% —.1 70c 5c Oct Mar 54C i.1 Mines———.—1 Consolidated ' Jan 3 27 ———.100 May 87c 56,927 3 , 50 ...l.* common. ———- River Jan 75 5 Coal 89 Jan 21c 0 Materials Canada 6.00 33C Apr of Co & 65 Nov 76 1 * Petroleum Paving 4.00 23c 3 End Nov 97c Sep 34c 150 135 Jun 12% Mar 57c 1 Mines Gold Nov 19c i Sladen-Malartic Mines Gold : 19 15 100 ..... 55c Sep 5 56 -1 1855. 3 3 Apr 1.90 —• — 3 3 * Mines—.—1 3.85 Ltd Nov B 2%c 50% Kirk]and Lake Gold Mining. Mines 8 Sturgeon 56 Kerr-Addison Gold Mines Lake Shore Mines, Ltd Lamaque Gold Mines Apr 8 Oct 50% .1 — 6 4.25 1 8 30c • common 50 —..... 6% 20% .100 Nickel 788 8 - preferred./.*.— „* class * Imperial Oil— ___» Imperial Tobacco of Canada ordinary_5 Inspiration Mining & Develop 1 International 4.40 Ltd Jun * * International 4,450 4 19% Hollinger Consolidated Gold Mines—„5 A_ 65c 55 ,_1 common 63c Sterling 1 : 63c Apr * Metal 15 1 Mines— 9% 20% —1 . Mar 20 Jan —* Oil Mar 9c Power———i.* & Gold Dairies * Honey Dew Ltd Howey Gold Mines i Hudson Bay Mining & Smelting— Huron & Erie Mortgage common 9 1,000 15 6% 10,000 Harker Gold Mines Ltd 5,400 17C 15 Steep Rock Iron Mines..— 2c - 17 17c ——-1 . Jan 2c Mines— 16 17c 0 common.— Senator Rouyn, Ltd— 24% 1,000 Bridge 2%c Jar Aug 60,500 . 2.05 Jun 20 3c Alabastine Oct %c Steel 8c —_—— 1.15 10,000 Nov 8c common 4,180 l%c 20 2%c common 1.55 lc Apr !_1 trust 1.45 16% __1 Mining 1.55 1%C South ——506 : _1_ .1 —-.1 ; Mining.— Standard 19c ♦ Gold Mines Ltd. San Antonio 1.50 May 109 3 19% ... Mines-.—.—— footnotes 87 4% 600 Mines Ltd Gold Westohs For 85 4%c Mav 50c . 4% 4'/a Apr May 600 Feb 50 Dufault 2c 2,950 Jan ' Lake 45c 50c 1.25 49c 191 19% •» A__ Preferred Mines Jan 150 6,500 87 / preferred—.—.-/.L——100 Anthony 10'Ac Jan 9 % Aug 32 % 2C ■ ■ Goodyear Tire & Rubber Jason 3 1.50 3%C Jan Jan Oct 4%c 36c 2.90 100 class Mining Preferred Nov 113 1.51 1—— 15 19% _ Mines International May 9 1.50 __ —" _— * preferred Canada Goldale Mines Home 16c Jun 1.25 Sylvanite Gold Mines, Ltd 1 • Gold Feb 8 45c C0c « common. a Rock / 1 ! Sep United Hard Oct 6%c 1.45 Sep ' Hamilton 103% 25 9 1.22 i.01 7% a & 60 fe9,500 9 49c 7% •' .25 Aircraft Lime 105 130 13 %C 13c 1 1.40 100 com.. Candy Shops..——_ III ..1 '' Kirkland Mining.— Gold 105 50 Mines.———1 10 45c Fanny Farmer Gypsum Jun 1.49 Royal Bank of Canada—j.— : 60c ' Falconbridge Nickel Mines..—! Gunnar Jan 10c Mines Long Lac Gold Jan 200 1 Mines Preferred Jan 38c 1 —! 46c 1,200 _ Investments Worsteds vot 90c Oct 70c — Oct 80c common- ... Lakes Oct Sep 5c _1 20c 75C Eastern Malartic Mines....—_—. —1 Great 34q — Riverside Silk Mills 6% 80c —_—____ Preferred Gate Jan Jan Nov Nov 3% 2%C __ Dominion Tar & Chemical Belt 3% 20c 1 — 27% — Gold 2% July 2,800 1 — July ♦ Stores God's Lake 500 2,600 — Queenstbn Gold Mines- 9% Mining— Mar 7% — Dominion Steel class B Francoeur 90c 9,700 3% Feb Jan VI, 000 * ———— Quebec 3 100 — _ Sep 80c -.3% —* Mines— Jan 22 ... .... Mines Foundries of 60c 75c , 23c Jun 50 « Mines.—.; B 52 9c C B 6 410 56c ... Dominion Bank Co of 22 27 —5 _ Corp-Seagrams Fleury-Bissel Oct 120 30c Mines Mines 13 a Ltd Gold 36 1 Mining—. Pickle-Crow Preferred Eldorado 1,430 .—100 8 3% $ ... Consumers Gas (Toronto Woollens 10 52,800 40 80c __1 Bol. Mines—. 30 19% 7 35c Mines Smelting Dominion 138 123 9%C 50c Paymaster Cons Mines LtdPerron 154 115 67c Ltd Bakeries Dominion Aug 6%c Mar 123 6 %C 8c Mines— Feb Sep 141 10 Gold Jun 126 Feb 25 % Mar 124 27 37% Malartic 27 0 Consolidated Distillers July 3C Pamour Porcupine Mines Ltd Pantepec Oil Company— 3% 1 Gold Consolidated Nickle Jan 26 24% 37%,- . —a* — Jan 80c Co Mines Mines 178 Oct 65 ' Willans Plow Apr 5 25% —J— Jan 75c Mines Mining & Smelting Cochenour preferred Ltd Jan 1 Chesterville Larder Lake Gold Mines Cockshutt 158 •165 ; 5 .„1 , Debenture— 6% I20 Ry._ Cariboo Gold Quartz Mining— Pat Gold Mines. Central & 27 # Mines 45 8c common— 3% . Gold Sep 38 Nickel Corp—————1 18c 7% & common Pacific Canadian . 39 30c Steel Oct 9 * Locomotive Jan Jan 330 47C Ontario Apr __ A— com Jun 23% 30c Ontario Aug 3% 5% —^ — Co ■ ' Canadian Car & Foundry commonPreferred 1.25 Alcohol 19% Mar 47c Sep Quemont Indus 85 ■ 8%c May 14 lie ♦ - - Sep 19% 5% 120 Class B 3c Mar 80c 26 : Canners 41% • ' 1 125 115 ; 21% — • 1 _ —± 600 6 Jun 29%c .* : Mines 1,100 121% # A 7 Oct lc Mines x— 16c 28% 100 Preferred 4 11% Gold Oils 4% 116 116 50 _ 4c 1.01 33% •„ 100 29% May 165 ♦ 16c —^ May 20c. 25% 25'A ——5 9 3'A Ltd _ Ltd- Corp preferred- 4% . 16c * Jan 20 July July 22% Canadian Bank of Commerce. Canadian May 9 8 Canada Steamship Lines commonPreferred 18 21 %c 22% Mortgage. Oil 100 5 — 1.40 500 100 - * / Mining Star 10,700 11% 100 Co North 24,400 2 %c III Permanent Normetal Jan 23 12 * Nov 21 preferred- 1st 5% 18 36c 2%c a Ltd.. Malting Canadian 5c Oct 85c 27 40% 41% —100 Naybob Gold Mines, Ltd———_—1 12 ' 3% July 21% , 20 Jan # Canada Golden preferred 6% 21 1,820 , 24q • 27 ..100 ; National 4.40 34c 1.02 Apr Mar 2 100 . - 6%C Nov Nov 12%c 200 22% 3 . 43c 6% 24c 24c " ——J,* 375 • , 1.01 — common™ - 2% '•<. 33 7,465 -3,900 Monarch 6.65 — Mills Canada Gold Aug 11% —' Preferred Class Jan 11c 65c ,8C, 87/eC , 3% May 445 39'% 61C 64c 8%c , :-~r* common.— 150% •, Minesj/—— Steel Linen Calmont , Jah 1.04 Aug * common Calgary & Edmonton Corp Ltd. Ford 45% 123 22% Canada Cement common Fleet Oct Oct • • 38% 39 % ' 1 \' 11% # A Products Ltd— Burlington Federal NoV 160 10 ■ ,—_ Debenture Building Dom Nov 5 % 6.65 Oil Buffalo Canadian Dome 13% 134% 135% 36e Denison Apr 2% May 11% __ Oil—: Delnite 10 % Knitting common 100 Porcupine Mines:.— 1 Montreal Light Heat & Power———"* 7%c * British Can Oct 285 200 Moneta Corp Jan 5 4% —5 — Canada- Feb Mar 2% 135/B 13% Oct 8C 6 * Mines,/'———* of %c Sep 1% Mar'- 20 Jan Corp Feb 4% 4% Nov Mining %c 25 50 Apr 94c 1— * • Brazilian Traction Light & Pwr com Brewers & Distillers ::5 Class 8%c Gold 500 5 2% 2 % common— Mclntyre Porcupine MinesRed. Lake Mines Jan Jan 2.22 4% National Trust Company-—— Bralorne Brown McWatters Oct Jun 170 11% 10 %C %C- 1.00 1.68 1,134 110'A 7%c 20,715 Jan 2.85 54c 6 % Feb 8c _ 1.59 1.43 Oct 4% 102 10 _. __ Mar 1.37 6 35 6% Oct 30c 5,610 4% 190 20 82c 10,000 6% 200 6% 6,185 48c 46c- 4% McKenzie Jan 6% Aug 1.25 Jan • 110 1 Mines Nov 9%c 46%c Oct 1.99 1.35 ..* : _* 63c 6% $ class Top Bobjo Jan 21 Oct Jan Jun 2% 11% 5 Blue 2 %c Jan 23% 1.14 %c. 110 110 100 i. 71,700 255 Aug 25% Sep 1.86 10 10% * __100 — 8%C 5c Nov 17% 1.23 ' 1.50 — Oct 12 Oct 19 98 ._* — common— Apr 200 3%c 7%c 1 Beatty Bros class A__ 1st preferred Bell Telephone of Canada 59 14 60c 155 18 —1 Manitoba & Eastern.— Maple Leaf Gardens pref Maple Leaf Milling common lc 1,500 2,700 19% Jan Jan 60c Oct 19 1 Mines— Fields— 1.15 7C 38c 1.90 __1 Jun 21 6,850 8c 10% 6V2 Mar 17% —1 Feb 1.75 6%C 56C 73C 74 %C 73C Nov lc —* 115 17% 15c 1.12 50 — High Oct 2,000 9 19 Vs 7%c 2c 100 , preferred Mining Corp Ltd— Low 3c 6C 53c 53c — Preferred Barker's Range Since January 1 Jan 1.13 —1 Shares 9 1 — for Week High 6c- 3 85c Apr May 21% Class _1 Bagamac Mines —1 Candy _1 Ltd— Mines 2.00 7 Aug . 40c * * — 9c 2.00 „ Anglo-Huronian Low Little Long Lac Gold Mines Ltd. Loblaw Groceterias class A High Oct 6c 89C Pacific Pacific Secord Shops Leitch Gold Mines, Ltd-; High 15c —1 4 Laura common..^ . Alberta Alberta Aldermac 6% Low Lapa Cadillac Gold Mines—„. Sales Range of Prices Sale Frice Par sales lists Sales of Prices Par STOCKS— July Oil Selections Jan Osisko Jan Pend Lake Oreille —* — Mines Mines — 1 -—1 • 85c 3c Jun Nov 6c Jan Aug 1.75 Jan Jan 156 Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 1855 OVER-THE-COUNTER MARKETS Quotations for Friday Nov, 20 Par Insurance Companies Agriculture 10 47 'A - 30% Agricultural ,31% 6% 2% 3 67 Electrical 70 10 31% 22% American Equitable—a—a-!—,5 — 61% 64% Oils . American of Newark Re-Insurance American , .-5 42% 45% Merch & Mfrs Fire N Y——4 6% 7% Merchant Fire Assur 13% 47% 56% 10 National Fire—— —- Railroad North Amer —10 Reserve American National Liberty-— 54/* 52 Surety——a.——25^ American —1—2 '1 ft' , : ' 7% 25 70 Boston — .———100 — 537 New Amsterdam 73 557 Bankers &. Shippers—. —10 28% —5 19% 14 % 15% Fire 40% 14% 27% 1 5 Continental Casualty—— 29% . New 32% 34% —,—10 38% 53 % 2.50 34c 25c 63c 15.96 17.45 5.52 6.04 Series C__ a ; 11.34 4.35 2.74 5.10 3.09 76.23 1.19 Wellington Fund—,! 12.13 77.77 71c 11% B 38c .1 5 3% —12.50 79% ——„25 90% • —a- . —• Selected Amer Shares 4% Investment , Fund, Inc. 24% 23% River Northeastern 40% Phila-^.——10 13.08 1 14.42 2% Selected Income Shares 7.42 1 - Banking Corporations A Blair 8.10 & A 3.32 Boston First Co 1 Corp 60c 83c 10 10 11% 55% Federal Fire Assn of North , 33c B U S El Lt & Pwr Shares A • Scudder, Stevens & Clark Connecticut General Life——10 4.78 Union Bond Fund series B- Quarterly Inc Shares——10c Republic Invest Fund-A_— 1 42% 13 4.60 1 Class 1.72 . 1 . Trusteed Industry Shares.—_25o 2.10 Fund 1.73 30% New Hampshire Fire— 10 Y6rk Fire——1—5 21% City of New York——i—10 1 ——1 (Geo) 1.80 l Trusteed Amer Bank Shs— 2.14 Putnam . New Brunswick Camden ————1 10c 1 ASeries B 36% , C D ASeries A..—. 1.73 Plymouth Fund Inc. 65.72 1.92 Trustee Stand Oil Shares— 5.44 » 22% 20% 2 Casualty 60.78 1 4.99 _• Series 1958 161 156 20 • ASeries shares Series 1956.; • ■ National Union Fire___— 7%" 6% 12.56 ASeries 3.82 Series 1955 8% ' 2% Baltimore American-- Trust 5,78 11.81 Trustee Stand Invest Shs— 8.25 4.93 , Series 1953 10% 9% . 7.50 4.52 ... No Amer Bond Trust ctfs 58% 6.25 5.20 * State St Investment Corp Super Corp of Amer AA— 8.11 3.46 — . Railroad equipment Steel 14%' 45 % 2% 10 , Ask 1 - 7.01 5.67 a. - 9.73 6.37 — 6.64 8.85 Machinery 5.44 6.03 — stock 7.27 4.93 1.37 —— , 9.58 6.60 equipment. Insurance Metals 18 MJ 17 Bid Par Sovereign Investors Spencer Trask Fund 4.76 8.71 Chemical Maryland 25 • Alliance Ask 7.19 4.31 stock———— Building supply 32% American — Bank 7% Casualty -1 Massachusetts Bonding—_12 % — Aviation Ask 28% _„„_5 Knickerbocker 49% - Life Bid 20 Jersey Insurance of N Y 131% —10 Aetna Aetna 126% Surety-,-—,—10 Par Ask 6.53 - - Automobile Bid Par Aetna Casual & Bid New York Stocks Inc-^- Northern — Pacific Fifeman'S Fd- of San Fr——-25 101% 9% '10% ——a—5 25% 44 14% 15% Indemnity Co„ 83% 94%' 27 42 Pacific 104% Newark————5 Flre-_- Firemen's of Franklin Fire-— 5 • New York Bank Stocks 39% 84%. '87% —10- Freferred Accident General Reinsurance Corp 37%- 10. Phoenix ——5 13% 32% 34% Reinsurance Corp Republic Glens Falls Fire— Globe & Republic—5 Revere ' 38% 36% 5 8 (NY) (Paul) ____10 Fire 22% St Paul Fire & Marine Hanover — - Seaboard 26% 28 —10 ... 6% 22% National! ,13.55 National City 29 Va 26 100 163 Commercial National First National of N Y. —100 Ask il80 1150 12% 25% 27% 17% —— 26% 27% 171 Public National 23% - Bid Par Ask 16% a— 23% 9 5 22% 24% Great American—— 5% 2, - —10 (Texas)* -10 Bank <jf Manhattan Co., Chase Gibraltar Fire & Marine—10 Bid 15% Par 15 Providence-Washington ——10 Surety- 62% 250 Security New Haven— Springfield Fire & Marine 260 43% —10 : 45% %: Companies 122% 36 25 New York Trust 38% HbVa —10 ' ' Standard Accident Fire——i-———10 Hartford — - 42% —5 —— U S 45% ——100 —— JP&r 309 35% 61 100 37% 65 12% 14% U S Guarantee--,. 69% Westchester -Fire—— 10 77% 31% 33% 75% 78% 39% 41 Va 10 11 % 12% Morgan (J P) New YorkA— Corn Exchange Bank & Trust.20 34% ' ■ I. ' ' 50 100 ; Investing Companies Bid Ask 6.83 6.28 2.01 2.21 13% 15% 1 2.45 2.68 Group Securities— Automobile . v /: ' 4.55 —— shares 5.01 4.32 10.33 Assoc Stand Oil Shares— .—2 1 4®fe 2% 3% 11.32 —5 4% 5 a-—a# preferred— 5,18 5.70 Equipment 6.66 Food shareSA,—a—a--:—.■/!. 3.39 5.68 6.25 Merchandise shares 3.99 4.40 Mining shares— 12.73 ...5. 13.69 RR Equipment ' . aa 19.74 .—1 ; 21.34 11.20 12.28 Utility shares * Trust-— 8.57 Income —1 15, 1945 99.26 9.28 Common 137 2060 1960 Commonwealth InvestAA—a, —1 .—1 3.40 3.79 . 3lc 29C Aviation Corporate Trust Shares- A-l 1.95 1 Securities 'Institutional 1.84 t%s i%s 0.55 'In Mar 1, 1943 b0.70 1, 1943 bO.75 1, 1943 -a— * 2s i 2.21 — preferred-—ia*—_—100 ACommon 1.32 14.97 2.04 11.98 4s 1946-1944 4s ... — 105ft 106U- 1051;! 1956-1946—.- 1956-1946 mn 10753 1955-1945 3s Jan, 3s May 1, 1, 1.03 A 7 % preferred 100 Cumulative Trust Shares- Series 118 B-I.a. 25% Scries 111 : , -Series Series 15.30 • C D Dividend Eaton I A—2.50 -A- Shares 25c a—_a 2.95 4.4u Stock ,_1 : 1 Fund— • 16.58 7.48 8.23 12.53 13.79 ' 97C 1946 107% 1077/s 1947 109 109% Panama Canal 3s 1961 127 128"% —• 2%S 1952— Penn Electric 3%s, 1972—Ia— Bid Ask 107% 3%s 1972 a—_— — 102 Ask 106 106% 104% Pub Serv of Okla 3%s 1971—— 92% 104% Southern Natural Gas Pipe Line 100 QQ Macy (R H) 3%s, 1956— 99% S'western Pub Serv 5s 1972 103 105% 105% Virginia Public Serv 5s 1957— Wisconsin Pwr & Lgt 3%s, 1971 108% 101% 101% 105%: 106 Quotations For U. S. Treasury Notes 1.07 Figures after decimal point represent one or more Maturity— Dec 8-3_: —— ;a—a— 1942 — 7Mar 15, 1943 — Series ' S-4_————,__C——- 12.62 Jun 15, 10.30 11.35 Sep 15, 8.38 Dec 3.09 5.69 Jun 15, 15. 1944 1944 1 tioomls Sayles Mut Fund.a.. * Sayles.Sec Fund—.10 74.28 75.80 31.10 Mar 15, 9.46 10.05 Equitable. Invest Corp (Mass) ,5 Equity Corp $3 cony pfd_A, 1 22.45 "21% Maryland Fund Inc — % 100.17 100.27 100.22 1 % %% I % %% %%' 100.11 100.29 100.24 100.13 101 99.26 100.13 32ds of a point Maturity— Int. Rate Bid 7Mar 15, 1945 1%%o 100.1 tDec. 15, 1945 %% 99 tMar 15, 1946 1 % 99.4 7Dec 15, 1946 1%% 100 Certificates of Indebtedness— 7%s Feb. 1, 1943— b0.38 70.65s May 1, 1943 — b0.56 7%s Aug 1, 1943— — b0.7Q 7%s Nov 1, 1943 b0.81 , , Ask 100,3 99.2 99.6 100.2 0.34 k 0.53;;» 0.68% 1944 1945 99.24 100.11 0.79% 24.14 20% — Ask 100.4 100.5 100.15 100.19 100.29 7.54 16.91 __i ; 1944 7Sept. 15, 30.48 1943 100.2 100.2 100.13 1%% 1943 2.78' 15, Marls, 1%% %% iya% 1 1943 7.60 Bid Int. Rate 15, 11.45 .J."' S-2—-J. • 5.00 15.9i fod/PQ Dihpr U S Conversion 3s— 104% 92 Lukens Steel 4%s 1952—- 24.44 16.11 i_. Loomis Fund 100.26 U S Conversion 3s— £3 103% Cent 111 Pub Serv 3%s, 1971 30.09 22.26 Knickerbocker' Fund—*5.16 & Howard—. Balanced B-4—... K-2 Series • A —.AAA— —A 100.23 Quotations For Recent Bond Issues Sep 16.54 Diversified Trustee Shares— ■ 1, 1944 9.23 —27.49 K-l— Series —,1 106 107 ft ft J.9.15 9.02 Scries 'B-2_a.—._—. 3.81 Delaware Fund.;— 105 1.13 17,61 —_.l notes—..Feb ft 105 ft 10553 1955-1945...- 3%s 3s —Apr 15, 1944 S Housing Authority— 1%% 105 1964-1944. 100.22 100.10 100.4 76c 69c ; ::V Series-'B-3..:.—_ift "4 shares,——10 B U 100.18 100.8 100.2 Finance Corp— —July 15, 1943 71% 100,17 Ask 100.24 l 27c & Forster Insurance— Crum 0.60% 100,13 Federal Land Bank Bonds— Keystone Custodian FundsA8% 25c 71%% Public Service of Indiana Investment Co Investors Fund C— Reconstruction 100.20 2.79 •" Ltd— 1%S Jan. 3, 1944— Call Jan. 3, 1943 at 100%— 0.45,^ ..Feb —a— 15c 13.92 1.80 Insurance Group shares—a. of America—.10 1.84 2.21 ACG mod—-a— Series - 3% 1055 3,40 Group shares—, 10.93 .—1 ACrum & Forster common—10 2% 1015 Bid 99.28 1, 1942 b0.60 Bid Bank Group shares.,.— .—1'. mod.— Series AA .12 77% 4.16 1.21 -.L—.a-aaa.a—aIOc Incorporated Investors .5 Independence Trust Shares.—.* 142 ■ 53% 74% States Federal Natl Mtge Assn— 2s —May 16, 1943 100,4 Apr —. Empire Gas & Fuel 3%s, 1962— .100 .100 Preferred 35% 172 162 25 Ask —Dec —! 4%s Foundation Fund Inc 25.72 1 Chemical Fund—.—— 3.77 5c Holding Corp...—1 3.05 23.92 1 Inv Fund Ltd. Canadian 3.12 2.52 ——-a—- A Huron 2.45 . -w \ 2.84 2.82 3.08 - Steel shares^...a—-'-a—: —5 5.02 2.57 , — Tobacco sharesA-A.A-A—a-. 5.00 4.56 , , shares 3.74 4.54 —— shares—a———a shares—! Railroad 3.00 -10 Industry Shares— Boston Fund Inc— Basic Feb 100.2 Federal Home Loan Banks- 7.33 Petroleum Century Shares . Electrical Bankers Nat Investing— A6% 5.41 —,—. General bond shares.. Axe-Houghton Fund Inc-— A Common 4.91 Chemical shares 10,73 -ii 6.70 shares—. Aviation 5% 9.98 6,09 Building shares.——— .10c Commodity Credit Corp— %% ————May 1, 1943 tl%% ; 3.92 shares. Agricultural United 236 231 Bid -10 51% Obligations Of Governmental Agencies Par Ask .1% 26% 33 % —100 & Co Title Guarantee & Trust- ' - ! Guaranty .A.l 23% 20 ■47% ' Empire— Bid 11 % 1210 35% 44 % Ask lOVa 1160 20 common- Preferred Continental Bank & Trust.. ' Bid — Manufacturers 81% ' 100 County——. Lawyers Kings 20 Central Hanover ——2.50 — Par —10 ———_ — Chemical Bank & Trust___L„,10 67% Par Irving 48 28% 27% ! —— 0 Ask 299 —10 — Brooklyn 30% 46 Kid 100 — Bankers 430 28% ———4 ———10 Fire 420 Fidelity & Guaranty Co__2 U S Fire—— Insur Co of North Amcrica--_10 Homestead 56% Bank of New York Travelers Home 54 91 88 Hartford Steamboiler Inspect.-lO 10 a Manhattan Bond Common Fidelity Fund Inc !__•'" 10c 6.85 aIOc 2.90 3.45 14.98 Mass Investors Trust.A 1 16.45 1:53 Mass Investors 2d 1 7.93 8.53 4.68 5.24 Mutual Inc.—10 8.08 8.84 lOo 1.60 United States Treasury 17.69 1.39 5 Industrial Fund, Mutual Trust Fund 13.93 Inc, Financial First Fund Inc-v — . Invest Fund—a Fund Rates quoted are Fiscal Fund Inc— Bid Bank stock series Insurance stock .a series Trust Fundamental 2.57 10 3.05 3.55 Inc— 15.77 17.28 2.86 (Colo)1 series B shares... 2 Fundamental Trust Shares A,_2 B General 3.80 .4.59, 3,51 Corp—IIIIIH* 25.50 •27.42 3.93 4.24 Investors Trust, ,_l voting shares Nov. 25, 2.84 .99 National Investors Corp National l 4.96 1.09 6.39 Dec. 30, Dec. Security Seriesseries. Income 5.80 series... 3.52 5.34 Preferred stock series. 5.36 5.92 9.85 10.62 a b0.375 0.25% Jan. 13, 1942 b0.375 0.25% Jan. 20, b0.375 0.25'. Jan. 27, b0.375 0.25% 0.25% 0.25% Feb. 3, — 23, 1942 b0.375 b0.375 1942 a 1943— —— 1943 1943 1943 Feb 10, 1943 Feb. 17, 1943 — —— ! - bO-375 b0.375 b0.375 b0.375 b0.375 b0.375 b0.375 Ask 0.30% 0.32 % 0.32% 0.34% 0.35% 0.35% 0.35% 3.90 4.84 a— 4„a, 1942 X_aa 1942 5.36 Bid 1943 Jan, 6. 1942.; Dec. 2, Dec. 16, Low priced bond series • _ Capital * 25c Dec. 9, Bond General Securities— , Ask Treasury bills— 7.74 l Nation-Wide (Md) Shares A Invest 1.78 10c Fixed Trust Shares A Foundation . Bills for discount at purchase New England Fund 1 ♦No sCash par value. sale—not *», Odd Included in lot b Yield price, d Deferred delivery, r Canadian for year, x Ex-dividend, y Ex-rights, tin default. A Quotations not furnished by sponsor or issuer. sales, range bonds are subject to all Federal taxes. ;inese > Monday, November 23, 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1856 v1 ' i t and Investment News General Corporation RAILROAD PUBLIC UTILITY - ♦Net $1941 $1,733,025 $2.24 Federal income and excess proftis - share Earnings per common 'After charges taxes and provision for of the 1942 Revenue Act common stock. ^Revised. of shares The that states company mondths of for the first nine like 1941 period. sales net 1942 showed an increase of 20% tOn 755,456 1942). in basis tne (on over the profits taxes, or any possible readjustment of taxes which the company may receive under the relief sect.on of the new law."— V. 156, p. 951. excess Supply Manufacturing Co., Inc.—Earnings- Aero Sept. 30.'42 tJun. 30,'42 fMar. 30,'42 $4,771,548 $4,236,184 $3,648,946 307,635 260,434 210,605 Quarters Ended— sales 'Net ____ income 'After charges and 35-Cent Class A class of 1942. Federal taxes based on the Revenue Act fRecalculated and based on the Revenue Act of 1942. • • - Dividend— B the Dec. June 27, 30 cents, Payments during 1941 were as follows; 3, last. 23, cent?.—V. 50 156, preferred stock, cumulative Virginia—Earnings— Alberene Stone Corp. of Net sales income __________ after all charges and taxes-——. $0.37 Earnings per share on 65,475 shares.—, Air Reduction Co., Inc.—Earnings— wholly (Including 1 —V. Operating $19,943,563 $14,504,904 $54,506,381 $38,918,847 14,111,487 10,199,150 38,339,614 27,068,763 _ expenses for Prov, allow. & (less income Net in¬ 15,143 charges) come Fed. income— on $5,087,125 112,998 181,862 45,012 » bef. income taxes $3,888,467 $14,195,284 $10,687,736 $5,071,982 operating income Other $3,933,479 $14,377,146 $10,700,734 Provision fof Fed. taxes 3,345,597 2,036,434 9,382,710 5,565,933 $1,741,528 $1,897,045 $4,994,436 i Net income for Adj. Fed, exc. have 156, earned shs. per —V. $1,897,045 $4,994,436 2,713,337 2,715,137 2,713,337 $5,234,801 2,715,137 $0.6987 $1.8407 p. $0.8020 Electric Appliance Subs.) (& Corp. the directors Period—> Sept. 30, '42 profit $80,871 _ charges and Federal income of Act 1942).—V. 156, taxes p. Oct. 4, '41 $99,793 22, 28t Like made.—V. Alabama Tennessee (Income operating Maintenance Traffic and way of Maintenance for Account Month structures —J-" 1 _ $167,655 33,908 13,795 — ! ___ Transportation expenses Net 1942) September, equipment expenses General of ______.iL— revenues of ; ; , 5,175 $64,777 operating revenue Railway tax accruals Total 5,031 —. $59,746 revenue non-operating Gross of freight 30 income. income Hire ; cars - - Drl3,903 for $44,733 interest- 156, p. 1321. Alabama Water Service Co.—Earnings— 12 Months Ended Sept. 30— Water _____ 493,648 230 $1,271,606 545,191 Crl0,281 $1,178,387 500,518 Crl7,542 44,294 515,378 ,, % :i-_, revs:- oper. Operation * ___ expenses charged . to. construction. Maintenance and Retirements ice replacements of water and 66,148 65,393 ____■ income 66,012 64,966 128,276 property General taxes 112,816 Cr22,230 87,281 taxes \* * ' • Net earnings Other Gross interest __ $338,231 share 168,109 5,078 31,678 long-term debt ' Miscellaneous deductions 4,156 22,157 ♦Amortization of debt discount and expense 1; income Net Dividends paid $154,686 on common ended Sept. 30. 1941, subsequent to redemption. purposes of As years 1940 Federal would No result call in and income have a the bonds redeemed taxes applicable of the premium, Without for the deductions discount 1942. and $17,605 in the refunded for and issue Federal for periods income profits v" such applicable expense deductions the tax ended Sept. 30. 1942 and 1941, $103,750 and $56,250, respectively. tax was deemed necessary. (2) Provisions for Federal income taxes for the nine months ended Sept. 30, 1942, were computed by the company - prior to the passage the Sept. 30— profit ______ and discounts and service charges earnings (net) ——J. Other licenses of America—$3 75 cents was Common Dividend— 17 declared a dividend of $3 per 12 to holders of record Nov. payable Jan. stock, pref. 156, p. 1412. share on the Distribu¬ 27. 1 to holders of ■ $21,609,605 $19,371,376 Interest debt Aeronautics Board ously-adopted to Recap¬ Cut in Rates— of policy on "excess" recapturing renounced a previ¬ 13 formally Nov. mail payments made to domestic airlines over past years. recqnt decision involving Pan American-Grace Airways, was formalized in a CAB decision aban¬ doning all attempts to recapture more than $4,000,000 of "excess" earnings of American Airlines, Inc. In explaining its policy towards recapture, the Board declared such action is "contrary to sound public policy in view of economic uncer¬ tainties surrounding air transportation in time of war and the necessity of maintaining the financial integrity of the carriers." The recapture of American's "excess" payments had been ordered by CAB last March, in a decision which also directed a sharp reduc¬ tion in the company's future mail pay rates. In its present ruling the CAB vacated the recapture order, but ordered a reduction in American's mail pay rates, effective from The reversal, policy indicated in a April 1, 1942, which will cut more than $1,333,000 annually from the company's mail payments. It also strongly urged the carrier to give "early consideration" to a reduction in passenger rates. The CAB set a new rate of 0.3 mill per pound mile in American, the same rate it ordered earlier in the week for Eastern Airlines, Inc. The Board estimated that the new. rate would yield about $2,428,456 mail pay express year and that American, at present passenger and would operate at a profit of $7,672,790 per year, in¬ but before Federal normal taxes and excess profits per rates, cluding mail of "economic previously neces¬ sary in mail pay to permit profitable operations. A similar state¬ ment was made with regard to Eastern Airlines, at which time the Board indicated a belief that all domestic lines were rapidly approach¬ ing the point' where governmental subsidies could be withdrawn.— said self-sufficiency" V. 156, p. American and does has reached now a state the allowance not require 1463. American, British & Continental Corp. — Debentures ' total dated Feb. 1, 1928, par and ,int. Payment will be made at the office of J. Henry Schroder Banking Corp., New York paying agent, 48 Wall St., N. Y. City, or at the office of J. Henry Schroder & Co., the London paying agent, 145 Leadenhall St., London, E. C. 2, England. If pre¬ sented in London the redemption price shall be collectible at the buying rate for sight exchange on New York on the day of presentation for of collection.—V. Net on income 154, American p. 1373. This on compares the stated: 320,571 $2,873,015 to common stock.—__ outstanding (shares)___ applicable $4,265,285 2,618,364 2,618,364 share of common stock — $1,10 $1.63 adjustments for taxes and contingency provisions reflected in the audited statement for the year. tAfter deduction per retroactive ♦After as of administrative expenses, but before deduction selling and plant, of net income as include the equity in the (50% owned or less). not does above undistributed net income of associated companies Special Dividend— The directors Nov. on 17 declared a of 75 cents dividend special share on the class A and class B common stocks, payable Dec. of record Dec. 1. The dividend is payable in shares per holders 17 of preference stock at par $10, In the ratio of one share of preference stock to each 13 1-3 shares of class A or class B common stock, with cash to be paid in Leu of all fractional shares of the preference stock. On Dec. 17, 1941," a special of $1.25 was paid on the class A and class B stocks in shares of 5% preference cumul. 5% company's stock. ■ directors Tiie / . ," ■ the declared also ; ■■ quarterly regular dividend of 15 the class A and class B common stocks and the usual quarterly dividend of 12Va cents per share on the 5% cumul. preference stock, all payable in cash on Jan, 2 to holders of record Dec. 12—V. 156, p. 747. cents share on per American Distilling Co.—Acquisition— President, on Nov. 16 announced that this com¬ pany had acquired all of the outstanding capital stock of Ben-Burk, Inc., maker of Old Mr. Boston beverages. The price was not revealed. The deal was consummated through a group of banks, it was stated. The former owners of the shares were H. C. Berkowitz and Irwin Russell R. Brown, Benjamin of Boston, Mass.—V. 156, p. 1321. Inc.—Earnings— American Encaustic Tiling Co., 1939 $10,328 State taxes and 1939, and also after Federal excess profits taxes 1940 1941 1942 3 Mos. End. Sept. 30— profit : t$21,413 $26,867 $21,912 'After interest, depreciation and estimated Federal and ♦Net in 1940, 1941, in 1941. tLoss. Operations for the nine-months period from Jan. 1 to Sept. 30, 1942, resulted in a profit of $14,408 after allowance for all charges in¬ cluding of taxes interest and after adjusted $9,600.—V. 156, p. 659. provision for » American Export Lines, Inc.—50-Cent directors The the on Like Nov. declared 9 a dividend Dividend— of 50 cents share per stock, payable Dec. 11 to holders of record Dec, 1. paid on March 12, June 15 and Sept. 15, last, 15 and Dec. 15, 1941, as against 25 cents each on common amounts and on Federal and State were Sept, on March 14 and June 16, 1941,—V. 156, p. 597. American Felt Co.—$2 Common directors The have with Dec. notice "With Shares, Inc.—Smaller declared dividend a of five cents Dividend— per share Dec. a 12 Dividend— -dividend, of to holders of $2 per record share on the Dec. 3. This Dec. 22, with $1 per share paid on June 13, last, $2 on and $1 each on March 12, June 13 and Oct. 1, 1941. directors also declared the usual quarterly dividend compares 1941, The per share on the preferred stock, 15.—V. 155, p. 2090. of $1.50 payable Jan. 1 to holders of record American Foreign Investing End. Sept. 30— Operating Corp.—Earnings— 22,225 t$l,913 $4,496 1939 ' $25,341 23,450 20,51$ $10,175 $4,826 1940 $26,722 23,417 expenses $33,626 1941 1942 $21,503 income 'Total ' ' ■ Excess of income over oper, expenses Prof. real, from sales of (based securities average on 77,704 11,209 36,378 46,158 $75,791 cost) declaration the of Prov. — $15,706 4,450 $46,553 12,000 $50,984 8,100 for Fed. inc. taX_ 25,487 , on record Nov, 16. on-June 1, last, and 8 cents per share paid 1, 1941, and 4 cents paid on Feb. 28, accompanying the payable stock, common declared have < stock, par $1, payable Dec. 1 to holders of June 2 and In Business directors common $4,585,856 415,008 stock preferred stock Common Earnings Total The income taxes contingencies income Dividends 9 Mos. Corp. has called for redemption on Feb. 1, 1943, a 5% gold debentures of the above corporation The Equity the 304,160 7,871,709 750,000 $3,288,023 for Dec. Called— $200,000 638,945 10,600,000 750,000 ___ for Federal and foreign 3,592,214 2,267,437 3,681,603 pay, Board The 2,651,034 depreciation-: process development expenses___ and other charges on funded and other and and Research Airlines, Inc.—CAB Drops Plan Mail "Excess" Pay—Orders The Civil _____ income Total Depletion 530,853 361,302 33,669 533,492 454,353 19,483 interest Royalties, to outstanding 15.—V. Dec. American to the provision- for years approximately accrual for excess to the company had ho taxable income for 1940, 1941. been 61,705 stock 'Including $21,341 in ,year ended Sept. 30, Notes—(1) $230,056 62,616 60,000 preferred stock. year of distribution a each were $1 ture Air of Dividends paid on on stock, payable Dec. on record $434,921 157,232 income on $429;553 5,368 $332,973 5,258 _ (net) income 14, taxes. Depreciation of electric property—: Federal $684,509 56,625 _ revenues General $756,228,.' ____ revenues Total 1941 1942 revenues Electric Ice 313 __ — available Balance 822 — —— Miscellaneous rents -V. $59,776 —_ (balance Joint facility rent yaid 1941, were June 1202. on 156, p. paid 156, (& Subs.)—Earnings— 1942 *1941 $20,602,277 $18,445,552 operating Note—The 50 cents per share on 15 to holders of record June 12, last, and on Dec. dividend of a made on this issue on March 21, June 12 and Sept. 10, last. Payments during 1941 were as follows: March 21, June 10 and Sept. 10, $1 each; and Dec. 12, $3. The directors also declared the usual quarterly dividend of $1.50 per of tions the net amounts The directors on Nov. 45,559 . issue depletion and depreciation. 4,441 expenses Total tNet Dividends, value, payable Dec. par no Alutninum Co. ; Northern RR. Corp.—Earnings & this on ■ the computed under (in 1942 951 declared have while common Total interest, etc., profits taxes.- stock, 1941, Nov. Wks.End. 9 Mos. End. 40 Revenue 812,220 $1.87 $2.36 but before provision for Federal depreciation, common on record Dec. 7. This rate has been since and including December, 1937.—V. American Cyanamid Co. 50-Cent Common Dividend— 1145. Earnings— 'After $1,917,041 800,675 —__ share__—_____ per 'After income and excess The the — — $1.9280 share Air-Way ♦Net 1941 $3,039,282 1,122,241 $1,502,844 inc. & exc. profits taxes capital stock- Earnings $2,176,013 outstdg._ Earnings 156, on stock__ outstanding consolidated net earn¬ the 5% pref, stock, of $5 per share, 1463. Net 1942 $5,530,456 4,027,612 Sept. 30— ; profit Net Dec. 7. and on The company has no 1941. (& Subs.)—Earnings— Allied Mills, Inc. Cr434.485 15, dividend out of a 1942, Provision Prov. for Fed. 21 to holders of record share paid March 16, last, Dec. per dividend policy. directors also declared Dividend— dividend of 25 cents per share a and Dec. 15 Provision ♦Profit bill revenue inc. Net the 1942 Revenue B.ll. rates established in the tax 1686. p. Shares of Com. share. reflected not —V. $904,379 t$0.68 $904,370 t$0.68 — per cents for the fiscal year 9 Mos. End. 6,890,198 11,709,400 2,459,356 enactment to new profit 12 Mos. Ended made in 6 mos. ended June 30, 1942, of The ings . . ":,3,654,000 — $2,874,626 $3,989,236 t$2.17 1S3.Q4 ♦After a charge of approximately $716,000 for retroactive wage increases in accordance with the directives of the War Labor Board, ton 1,259,901 shares of common stock tOn 1,255,010 common shares. Note—The company states that the previous earnings statements tax prov. prior taxes Earnings $5,234,801 income on fixed 15 14, Sept. 14, June declared 17 payable stock, with compares March Nov. on common i 1,162,348 > Net Net directors the p. Steel Corp.—Earnings— and excess income Fed. profits 1,971,463 417,287 760,094 amortization Co.—To Pay Common American Colortype The 1942—3 Mos.—1941 1942—9 Mos.—1941 before Fed. taxes '$4,558,370 $3,363,735 $14,584,026 $10,879,434 Profit and deprec. 13, stated: "Actual, earnings past six-months' period are estimated at resulting in the declaration by the directors of 5 cents at the present time. "It is only fair to point out that during the early part of the period there was a larger holding of U, 8. Government bonds than would normally be the case; and that current earnings are at a higher rate than 5 cents semi-annually. The next dividend, payable June 1, 1943, should more accurately reflect the normal earnings of the company."—V, 156, p. 1145. thus share, per the for company $.0516 Period End. Sept. 30 sales, less discts., returns 951. p. . corporation in a letter dated Nov. the payable Dec. 21 to holders of Alleghany-Ludlum 1942—9 Mos.—1941 1942—3 Mos.—1941 Period End. Sept. 30— Gross 156, future." near The annually subsidiary companies) owned the of This 1941 $591,329 46,198 $0.70 1942 $577,449 24,457 9 Months Ended Sept. 30— from . the paid-in because otherwise and, being distributed, is no producing income. Second, a more constructive attitude toward the stock market is now war¬ ranted. It is the opinion of the management that while we may see lower prices in the near-term future, a sustained recovery will begin this year and the industrial averages will close higher on Dec. 31, 1942, than on Dec. 31, 1941. In view of this opinion, it is anticipated that holdings of common stocks will be increased in on Net 1012. p. (less $1,043,600; common (out¬ standing 6,000 shares of no par value), $600,000; long-term debt, $4,167,000; accounts payable, $20,877; customers' deposits and accrued interest thereon, $35,726; accrued general taxes, $73,515; accrued Federal and State income taxes, $126,305; accrued interest on longterm debt, $13,159; miscellaneous accrued items, $13,931; customers' advances for construction ($57,781) and unearned revenue, $75,865; reserve for retirements and replacements of water and ice properties, $544,940; reserve for depreciation of electric properties, $1,106,913; property reserve, $1,291,261; miscellaneous reserve, $1,357; contribu¬ tions in aid of constrmuction, $9,438; donated surplus, $531,200; earned surplus, $173,119; total, $9,829.203.-~W. 156, p. 597. year-end dividend of 35 cents per share has been declared on the B stock, par $1, payable Dec. 23 to holders of record Dec. 11. of 15 cents each were made on April 6, July 15 and and savings bonds war $101,672; $7,756), Liabilities—$6 Distributions Oct. Sheet, Sept. 30, 1942 (series F), $99,900; accounts and reserve for uncollectible accounts and notes accrued utility revenues, $25,838; materials and supplies, $89,971; prepaid taxes, insurance, etc., $18,610i debt dis¬ count, premium and expense in process of amortization, $316,678; miscellaneous deferred charges, $4,399; total, $9,829,203. U. S. receivable notes earnings would capital is returned to shareholders •longer available for the purpose of Assets—Utility plant (including intangibles), $8,782,725; invest¬ $39,588; cash, $249,582; U. S. Treasury notes, tax (series B), $100,240; the Dec. 1, 1942, dividend, a policy of be followed. This policy was decided with beginning net for two reasons. First, any withdrawals surplus account should be of a. temporary nature upon applicable to this period, when Balance that, paying only provisions will exceed such that taxes ments, of ,,"The decline of 18% in net earnings," the report states, "is after providing for an estimated increase in Federal taxes of 73% with no consideration for the credit refund after the war of 10% on Net estimated income MISCELLANEOUS - decided of taxable net income. It the liability for Federal computed as provided in 1942 Revenue Act, by approximately $15,000. the is 1942 $1,419,763 t$1.76 Sept. 30— profit INSURANCE - Revenue Act at a rate of 46% 1942 of Laboratories—Earnings— Abbott 9 Months Ended INDUSTRIAL - 1941. June 1 dividend check it was current .dividend, the directors the I Net prof, carried to earned surplus acct, Dividends paid 'Includes _______ $50,304 $1.1,255 $34,553 $42,884 19,508 27,595 33,360 43,365 in 1942, $2,065 in 1941 and 1940, and dividends of $4,205 $1,033 in 1939. 'f Deficit. ' •" ' • " Volume 156 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 Balance r Sheet Sept. 30 American Hide & Leather Assets— Cash 1942 banks__ In for Receiv. sold securs. Securities owned 2,188 1,563 8,239 692,659 . 4,583 — — _ Accrued interest receivable Deferred etc charges, Furniture & (less and $800,325 for res. Reserved 1 . r.——• $745,060 762 been V. purch. but not received payable and accrued expenses—. Provision for Federal and general taxes—. secur, Common Capital of cost Total —V. 10c.) (par surplus surplus Earned Exc. stock —: .v 1 —-—-— Ji I'' — — share— the opinion to of the defray $428,190 108,821 $0.09 $0.37 —, Net ■ American Ice 842,930 1,340 Period End. Sept. Drl21,945 Earnings For "After $745,060 —V. charges, 156, $260,796 before Federal and but 1942—9 Mos.—1941 $480,843 certain State 1012,. p. Co.—Secondary OfferingLee, Higginson Corp. on Nov. 16 made a secondary offering of 10,000 shares of common stock (par $10) at $19% per share Consolidated Income 12 Mos. End. $50,869 income taxes. 16 cents 1942—Month—1941 Operating $8,762,161 revenue Operation State income 35,614,930 32,661,170 437,256 5,542,704 4,992,206 Federal 13,205,370 12,714,507 Federal 1,114,340 elec. local, 463,827 — of Amortiz. State, 3,084,112 — - Depreciation —— 2,802,054 —— Maintenance $8,503,442$103,883,529 $94,341,173 ii. 1,069,733 $55,057,959 $49,263,235 plant 11,374,856 10,215,438 17,042,461 2,500,027 week profits 2.698,958 taxes— — 160,446 2,098,726 1,249,852 456,545 —_ Prov, for estimated increase in Federal taxes— _ 8,333 ——— 100,000 742.071 672,651 7,646,446 7,155,780 Net 131,334 9,498,231 465,000 Other 855,260 9,725,562 695,665 "Excess Other profits 1,329,553 taxes— taxes , 802,402 income Total Operating income—— Other $2,253,096 $22,550,286 $26,975,570 $1,499,581 income 18,409 38,000 - 242,974 Int. & net income other int. Divs. 608,242 609,721 7,302,265 27,695 36,141 458,525 Stocks-— 323,692 323,692 3,884,098 Balance Divs. on $558,360 stks.— com. stk. 365,022 com. $1,321,542 $11,148,372 $14,915,040 —9,366,450 & Tr. by public, etc.— 4,051,281 4,129,365 $4,911,252 net and subsidiaries—. other Dr2,623 sources $4,907,140 Co.) $4,793,752 Lt. (Am. of subs, $193,338 1,676,684 1,805,994 649,750 Consolidated ■■ $1,236,147 $5,934,075 Undistrib. net income of subsids. consol. Income of Elec. consolidated: Dividends Divs. Int. on 75,731,000 69,808,000 69,502,000 58,153,000 58,981,000 55,518,000 54,914,000 44,359,000 45,582,000 Nov. bds. on 365,022 11,767,984 54,165 649,978 67,407 847,210 1,000,572 2,215 3,451 34,820 58,152 Other income Total Int. ————— — $678,902 (net)— 56,026 deducts.— 90,640 & & Divs. exps. other pfd. on Bal. "Federal stock-— for earn, income and Act r '! cents share a 140,767 140,767 $1,133,108 1,689,209 of accruals for on each the of share addition current 1,689,209 Gross $9,037,055 $13,175,069 Sell. & twelve of stock common noted overaccrual the to include months American above, charges Gas the of adv. &. Int. approx¬ at share Sept. sales on share common stock. Pursuant to authorization 11, 1942 Trust the Co., & annum. York, Int. divs. 1941 1940 $546,257 $496,303 1942 31,783 26,625 14,049 $469,805 $578,040 $522,928 $495,243 ; 1939 income Net expenses— bef. int. inc. Interest expense Taxes 86,589 94,668 92,198 116,562 $383,216 $483,372 $430,730 $378,681 46,989 114,336 31,054 tl9,797 43,494 f34,602 54,937 $432,519 $352,635 12,365 "Provision Federal for (without expenses taxes. giving fCapital stock and sundry effect to results of securities . Balance Sept. Sheet, Assets—• call Earnings not delivered sold, sec. and divs. 609,000 —- Investment in General Investment Corp.— Investment in Utilitiy Equities Corp Investment in* American Securities Corp.—_ held Total The 50 Pine in in St. Corp trust———— 2,821,411 —.——_ — for securities purch., not 871,667 rec. of sale to it interest of such Excess depr. of (net) cost of of of gen. mkt. in secur. sub. at which Common Surplus stock stock invest, is carried par) ($1 over in book —-—— cost— 739,848 —— 140,285 170,503 — 166,453 139,607 142,006 20,325,016 (10c par) —— "Excess (net): of First American _ book York cost of investments Corp., Securities such $10,000,000, at —_ prices company not exceeding proposes principal over amounts carried herein $1,758,661; Utility Equities Corp., $189,847; Corp., $49,087; total, $1,997,596.—V. 156, p. 747. securities— 63 1,115 3,860 3,950 , $126,752 Balance for $122,600 107,511 112,471 , preferred stock and surplus Note—Provision has been made is for in Federal normal accordance considered ' the for tax ' •/.' ^ surtax and Revenue Federal 'v',./ $15,089 $14,281 income with necessary 156, p. 395. for 1942 1942. of Act No profits excess tax.—V. ■■ Armstrong Rubber Co*—Year-End Dividend— directors The class the on Dec. have A Dec. declared class and 1. Similar 1941, 15, B and on Dec. 20, payable 154, $1,027,320 428,492 taxes taxes $1 15 per share holders of classes to both on on 1050. p. -Earnings- 1942—Month- -1941 expenses—, of Dec. made were 1940.—V. ___ revenues dividend year-end a stocks, distributions Arkansas Power & Light Co.- 1942- -12 Mos.—1941 $1,267,201 $13,245,868 $11,930,791 551,727 5,799,159 4,831,801 179,768 128,166 1,608,919 65,233 87,433 856,155 832,724 169,000 113,000 1,476,000 1,279,000 $184,827 $386,875 $3,505,635 51,619 979 195,074 $3,436,270 11,218 —— income 1,550,996 ap¬ on Other capital 1941 $32,983 $3,447,488 1,764,009 1,763,690 18,890 230,556 232,150 construct. Cr9,631 Cr577 Cr46,538 Crll,625 $79,260 $222,524 $1,752,682 $1,463,273 chgd. to income 949,265 "Includes month to for Federal taxes of $514,008 $61,463 the for current and tional provisions 949,265 $803,417 A-———J" Balance $475,996 for the twelve months ended Sept. 30, 1942, addi¬ amounts required under the Revenue Act of 1941.— V. 156, p. 1322. ■;■■. the Artloom The the 1942 1, This last. 156, p. no with Payments 12'/2 is after income Arundel taxes of after Profit but Corp.—Earnings— 1942—3 Mos.—1941 of 20 1941 were 15 of Dec. Jan. 10, on record May: 25 on follows: and share per holders paid as cents; ' cents 10 to each cents 2, Sept. and 31, 25 25 cents. v Corp.—Earnings— 9 Mos. End. Sept. 30— period 15 during cents; 953. dividend a value, payable Dec. par compares May 10, —V. declared have stock, common 23. $0.70 Corp.—Declares 20-Cent Dividend— directors Nov. 1012. p. $3,700,709 147,017 19,836 applicable to preferred stocks —A. stock. for the $387,854 146,981 and $50,244 "$0.46 : profit /■Li:.; 1942 ; $236,446 deduct.. int. Sept. of ______ mtge. bonds- Inter, cents; depr., before 1941 etc., Federal income 3 1942 1940 1939 $771,242 $1,063,298 : & taxes— $1,493,427 $994,877 September profit before Federal and State income taxes 1942—9 Mos.—1941 t923,689 123,017 —__ $301,373 $142,404 $609,838 $233,213 $0.5'8 $0.27 $1.17 was $373,147 September, 1941. Current assets as of Sept. 30, 1942, amounted to $5,721,619 and current liabilities were $2,688,607, comparing with $3,864,656 and $1,480,847 respectively on Sept. 30, 1941. The company reports that volume of work on hand is $17,286,557 against $114,665 in $0.45 $356,230 Net profit Federal JAfter other excess depreciation, Notes—(1) reduction 40%. the before Federal tax profit taxes, for the realized in the ■ above subsidiaries extent for reserve •/.: •*'/: - foreign the but S. six the and contingencies. 1942 reflected months from the 45% The year-end Dec. 4. dividend stock, Similar and June 30, no par of $1 respective periods includes earnings transactions in foreign countries 156, p. 1145. distributions Co.—$1 Common Dividend— per value, share payable were has Dec. made 21 on been to V. 156, p. this last; on May 1 and Aug. 15, 1941, and SEC on Nov. affiliate, declared holders issue on on June of on the record March 14 29, 1940.— for $2.25 156, 1146. p. its approval Up— of Nov. 10 granting the of an cash, plus & RR., entire issue of $1,000,000 its was taken on because Co. N. to Island and to redeem, collateral 4% bonds of 1952. Y. Public Service rescinded its sub¬ at $105, This action also of $1,050,000 to enable latter Commission requested a the actions approved by the SEC. The SEC on Nov. Edison the interest, accrued advance by Staten Richmond Light to sell 10 reserved decision $3,602,000 principal on a proposal by Metropolitan amount of 4%% Associated Electric Co. bonds, refunding series, due April 1, 1956, to the Associated Electric Co. for $1,548,860, plus accrued interest, because the Penn¬ sylvania V. 156, Public Utility 1464. Commission has not ruled on the matter.— p. 1321. directors per 17 rescinded $955,460 approval sidiary, Associated The satisfactory.—V. permission to acquire $2,222,000 of its own 4%% bonds of 1953, from Sta,ten Island Edison Corp., an Associateed Gas & Electric its dollars.—V. American Ship Building A continues company hearing common outlook Associated Electric Co.—Bond Purchase Held possible " . from and U. first cover etc. The net profit in the third quarter of of ■ Net from to contingencies, tlncludes $240,000 to profit taxes and special reserves for 22,194,672 $19,095,053 $19,423,420 45,580 63 1,697 debentures. —;—$467,328 inc. and American Total 42,199 charges—— income Net $1,533,527 over General $173,308 Dividends 13,956 "Rrl.997,596 Drl,645,541 Investment Corp. Preferred 77,975 2,600,000 3,753 $174,571 A ___ long-term debt—. on interest—_________ reacquired on Int. 88,247 owned Dr4,936,278 Dr4,313,206 cos. Loss -v $230,651 (2) __ investment amount $1.63 "165,955 to 93,568 carrying amount Excess $42,770 3,400,000 (secured) — Unreal, :: Co.—Earnings— profits taxes—_ exc. 354,716 Accounts pay., accrued expenses & taxes— Reserve $4,111 805,608 General Investment Corp. t Profit "Includes offer to purch. pfd. stk. of payable to banks $503,780 1 $19,095,053 $19,423,420 Amt. payable under settlement agreement Notes $2.03 Prov. for Fed. 1 _ — Amts. payable under $628,263 $0.56 out Period End. Sept. 30— 1,125,545 Liabilities- Accounts payable $173,768 Earns, per com. share— 1,698,316 1,115,164 1 $169,555 2,218 ______ interest State 13,139,768 1 —___ $172,353 Net oper, revenues— Other income (net) American Safety Razor 2,649,665 53,546 taxes—— "v; 85,917 8,931,039 11,433 45,977 ——— assumed $552,460 4,718,489 41,250 11,807 local on 31,297 38,648 609,000 $0.97 for of 156, 147,534 28,112 58,112 "Federal as are obtainable within a period of approxi¬ If at the end of such time there remains as much shares net $493,262 ' taxes Other of bonds share $113,500.—V. 20,332 48,550 rec——— General market securities at market quotations Invest, in First York Corp. com. stock— Investment 1941 $740,145 ——— for receivable Accounts, interest Cash Note—The 23,429 taxes——— Property retirement propriations ,f after all charges and taxes—__ per 1941 $469,833 41,250 income Interest a tenders 71,664 and $3, 15, 135,668 116,500 577,000 Quarter Ended Sept. 30— Net profit 1941 $493,278 revenues 134,756 44,767 has outstanding $41,153,000 face amount of gold debenture bonds, 6% series due 2016, $3,780,000 face amount of South¬ western Power & Light Co. 6% gold debenture bonds, series A, due 2022—latter issue having been assumed by American—V. 156, p. 1686. taxes. during 23,019 operating revenues income (net)— Gross company trans¬ to paid Cr28,500 set exclusive The on 10 were 1942 . income and Other unexpended for amount : 30 1942 banks— in Accounts 60,062 38,000 $300,978 amount Dec. $470,260 . — Period End. Sept. 30— profits tax has share per amount deprec., renewals and replacements. Operating Operating Federal 1942 SEC "On Consolidated 30— 61,188 293,000 $2 payable same _ Federal Other $755,036 13,261 $200,000 as actions). Cash for State & American Pulley fOver 45,426 $1,859,030 income mately six months. $283,525 —— income— of 24,596 $243,331 "40,218 $321,891 exp. —— — t Excess $693,848 miscell. . to Total Operating $1,813,604 cash disct. Fed. of stock, the Corp.—Earnings— Sept. ' revenues Federal hearing for Nov. 24 on the application of com¬ pany to employ up to $10,000,000 to purchase in the open market, at prices not exceeding face amount thereof, exclusive of accrued interest, $481,193 29,146 $218,735 American Power & Light Co.—Would Buy Bonds— of such $440,660 150,971 profit The Subs.) bonds— on debt of Maintenance 573,705 282,530 1571.;'!:::> entered into a contract with Empire that the trust company will render stocks— on earned Ended revenues Gross Net . Income— Cash Power Months Total operating Operating expense $1,418,524 429,002 71,505 Net prof, per sh. (approx.) —V. 156, p. r-V Sept, 30 (Incl. $2,525,136 234,006 $1,203,874 exc. prof, tax "(net)_ Cancell. of prev, prov. for est. spec. 10% to the corporation at a fee of $34,000 per Earnings for 9 Months Ended $524,246 106,383 "/ providing advisory service Oct. 4,'41 $4,720,053 $9,953,788 116,200 surtax—— for Prov. by stockholders at a meeting held on Aug. has corporation New investment .■ Sept. 30,'42 $1,964,836 dividend a preferred Dividends Aug. Arizona 9 Electric Inc.—Earnings— $1,216,239 and for tax preference in liquidation of $50 per share and accrued dividends, $4.35 per the on 1. —_—.—<- 3,301,529 deductions Prov. 1942 were equivalent to approximately preferred stock and, after deducting 30, convertible 15, Dec. 12 and Nov. 17, this year. Payments as follows: April 30 and June 20, $2 each; Aug. 15, $5.—V. 156, p. 1464. Net 7,428,652 —' funded on notes pay., a assets per record declared 18 accumulations of April on Co.—$2 Accrued Dividend— Nov. on rates on $1,426,457 income excess $86.73 of holders 1736. 1,440,590 exps,__ opers._— income Total tax non-recurring net based are 156, p. 4,180,214 sales on from Profit American General Corp.—Quarterly Report— The directors provision expenses— admin. & Other reduction in taxable income due to the 1940 subsidiary. Tax charges for the twelve months ended Sept. 30, 1941, have been reduced by a non-recurring credit of ap¬ proximately $440,000 due to, the same 1940 refinancing.-—V. 156, p. 1321. a 74,865,000 1736. p. American Woolen The record $970,000 which apply to that part of the calendar year of 1941 prior to Sept. 30, and credits of approximately $180,000 resulting refinancing of $1.88 (incl. depl.)— profit & Gen. imately from $5,225,413 period Oct. 4,'41 $5,606,671 — sales deprec. profits taxes for the nine months ended excess In current Sept. 30,'42 sales—. Cost of Co. 156, account 3Mos.End. 16Wks.End. 9Mos.End. 40Wks.End. Period Ended— Net 1942, recently enacted. This overaccrual, which will adjusted in October, has been determined after giving effett to the excess profits tax post-war refund, and is equal to approximately 11 14—__ —V. Sinking fund appropriation be Electric for American Machine & Metals, Sept. 30, 1942, are about $500,000 in excess of the requirements of the Revenue taxes income prescribed by the Revenue Act of 1941.—V. $1,446,565 $12,680,380 $16,966,603 79,762 848,896 963,656 92,928 1,105,220 1,138,669 $391,468 stk. com. —■ share of common stock— per . Taxes 804,486 $5,129,589 $1.85 —___—— 992,840 64,163 advs.___ 9,366,450 54.165 . 804,486 balance Note—Federal . & 7— Nov. Taxes Consolidated .v..' Earnings stks. com. preferred stock on $3,147,056 ■ . pfd. stocks on $1,781,922 $1,321,542 Gas & subsids. fr. Co. Dividends $193,338 - Amer. 1938 45,045,000 44,293,000 $6,029,899 (Am. Lt. & Tr. Co.)„ income net the last 1939 568,847 ——————— $3,147,056 $1,321,542 for energy 1940 • 55,645,000 Net consol output of electric 1941 54,923,000 Undistrib. net income Amer. Gas & Elec. Co.— weekly 1Q4.9 ,1942 57,061,000 Other : Total expenses and taxes table of follows: 58,570,000 Prov. of income divs. 1941, $4,796,375 company- $1,026,935 11,767,984 $1,781,922 of from Inc.—Output— 67,999,000 226,766 Dr4,112 4,228,890 1942,—V. 156, p. 952. 69,304,000 $8,925,740 826,787 for earn, held •_______———______ Subsidiary investment Income Bal. 148,759 securities 30, $8,698,974 $8,962,533 7,330,546 pfd. on $8,813,774 (net) on ended June quarter 75,084,000 Gas $2,291,096 $22,793,260 $27,301,264 $1,517,989 debt-— deducts.— & operations—— 325,693 —— funded on utility earnings—; divs. Balance Gross Int. from for 74,554,000 Dec. earnings a 31— 9,376,939 acquis, adjust. of years were —— "Federal income taxes— cents 24—_ 4,674,340 165,202 taxes—— excess $1.80 $72,893. 14 to This compares with $411,627 September quarter of previous year and $87,389 in share a WeekEnd. 2,602,111 __ —_____________ taxes taxes income equal 2,314,194 3,843,233 4,857,373 _____ etc., etc., was Oct. 1941 18,859,019 Maintenance taxes, profit Output of electric energy of the electric properties of this company ended Nov. 14, 1942, totaled 74,865,000 kwh,, an increase of 7.72% over the output of 69,501,700 kwh. for the corresponding -Earnings 1942 v" operating revenues—— Electricity and gas purchased for resale 1942—12 Mos.—1941 income net Oct. Sept. 30— Depreciation Period End. Sept. 30— (& Subs.) Total Subsidiaries consolidated share a Comparative Subsidiary operating companies— Account the 1942, for the week , American Light & Traction Co. Electric & 30, $969,784 $0.89 — Sept. Federal _ _ $480,161 share. , 539,990 shares of capital stock. on cents five Gas __ w ended 1941 $9,458,820 $14,030,023 800,161 2,113,784 320,000 436,000 708,000 _ American Water Works & Electric Co., 1942—3 Mos.—1941 $481,143 • _ ___: taxes— common quarter depreciation, Corp., below.- -V. 152, p. 1579. Co.—Earnnigs— — 1942 ....... taxes— —_ per the 77 or Sought- or & Film 30— "Profit 156, p. 1012. American profit. after , See General Aniline Federal Federal normal taxes Federal excess profits 9,055 $800,325 before $278,323 management sufficient reserves have taxes payable under existing laws.— all Co.—Earnings— — Profit 149,866 $108,821 — American I. G. Chemical Corp.- -Tenders 8,668 .< 7,681 713,347 16,594 17,276 —■ —-——~ $217,641 ——- common Stove 9 Months Ended Sept. 30— sales Net share $2,599 2,412 42,548 .— market val. of securs. owned- over - $255 2,623 — Accounts taxes— __—— aside set 1941 156, p. 1203. Liabilities— Pay. for repairs, depreciation, other than |nc, taxes income profit Earnings per American 1942 after, exps. for Net Note—In Total Co.—Earnings— Sept. 30— profit 1,082 for deprec.)-— res. Operating 378 752 1,030 - fixtures Ended 696,434 6,122 receivable Months 3 $33,583 delivered—— not but Miscellaneous accounts 1941 $96,011 : — 1857 share Telephone on on Nov. the holders of record Dec. 15. 18 & Telegraph Co.—Usual Div.— declared capital the stock, usual par quarterly dividend $100, payable Jan. 15 ended Nov. to group 1922.—V. 156, p. 1464. 13 was Dividends at the annual rate of $9 per share have, been paid regularly since and including units 156, Gas & Electric trustees of Associated Gas The of or p. net electric Co.—Weekly Output— & Electric output of the Corp. report for the week Associated Gas & Electric 129,072,150 units (kwh.). This is an increase of 9,143,895 7.6% above production of 119,928,255 units a year ago.-^V. 1737. Gas Associated Electric & of interests Associated trustees system, Speaking of the reorganization of advised Judge Vincent L. speedy consummation a Nov. on 13 railroads York, in the S. U. Court, District District Southern of Such a by the B. & O. for 1942 delivery, Net anticipation 1686. carried forward under the Public Utility Holding Company Act. Thus, reorganisation would be possible without the necessity of prior completion of an integration program before reor¬ V. ganization. It was indicated that the trustees would follow, as far as possible, original integration plans. The Federal Court on Nov. 13 referred to Special Master Frederick E. Crane certain issues of a proposed compromise of differences plan would be 1942 system's order The , parties holders security authorized Judge Crane conduct to It estates may with modifications such the as trustees of court The the City the Ohio Ohio, all of Bowling Green, Service Public Northern Northeastern from trustees of the authorized also Water Cq. Electric & Deferred Associated Utilities charges to pursuant to Notes operations to for profit Dec, Federal for Reserve stock, the 156, 1941—V. 1014. p. zank income Total 1,000 Deprec. earnings -1. holds Corp. 156, A stock, common like amount —V. 156, cents 40 payable and 1, last, and $6,062,105 $2.59 Beattie S. S. Lines (& Subs.)— West Indies, Atlantic Gulf & revenues- to mated in be 1942. (2,461,902 Borg-Warner Corp.). stock outstanding ; Net oper. Taxes 2,494,534 6,237,314 11,442,382 $1,369,944 $1,702,230 $3,462,707 revs._ other and profits Operating produced $586,093 $744,388 f 386,480 - 384,173 > and other current expenses Operating profit Non-operating revenue $199,613 . excess income Provision 491,657 331,161 174,472 71,277 Inventories 1,961 1,632 $201,574 $362,046 37,500 , — taxes for $737,911 $1,195,472 $1,371,069 14,043 142,475 Net $2,971,050 32,818 income 35,558 expenditures the Note—In Gross income $770,729 $1,209,515 $1,513,544 expense 70,255 79,415 215,994 Goodwill, $268,846 3,843 < $700,474 $1,130,100 $1,297,550 213,336 466,419 ciation.—V. made for allowance has been 900,292 9 Mos. End. Operating Gross profit Provision and for deprec.) profits excess Liab-ilitiesrrr- - $1,067,990 $531,928 L Balance statement above the includes $3,091,869 $1,163,785 earnings subsidized on operations of the New York and Cuba- Mail Steamship Co. (a wholly owned subsidiary of Atlantic Gulf and West Indies Steamship Lines) before provision one-half of of for recapture by the U. S. the profits in excess of 10% Maritime Commission on the capital neces¬ employed in the subsidized operations (the amount of such of profits to be limited by the total amount of subsidy as provided in the Merchant Marine Act.—V. 156, p. 1737. sarily recapture received) Net Atlantic Rayon Corp.—10-Cent Common Dividend— directors The Dec. 1. June 25, cents Similar last, Feb. able to 1 of par and on share per dividend a $1, payable Dec. 21 payments were made on this March 1, 10 cents per share Income 62 V* pay¬ quarterly dividend Interest Carl announced Nov. 13 that the Transamerica Corp., which controls the company, had offered to purchase all common class A and B stock now held by the public at $40 a share B. Robbins, President, for class A and $12 for class B. There america Mr. The and 45,465 of class A. 80,160 of class B but none of the class A. 112,000 are owns Robbins said offer, he said, shares the of class B condition that holders accepted the proposal.—V. Baltimore 116th The 156, Ohio RR.—1942 & Trans- preferred stock was not involved in the offer. was on p. specified number of stock¬ a 660. annual president Roy that after B. White briefly reviewed 1941 operations, pointing payment of all fixed charges, including con¬ estimated that gross He revenues for 1942 will be $301,575,000, with operating expenses of $202,535,000, and that after providing for taxes, amortization, and all fixed charges, including contingent interest, net income will be the deliberations terms of the Fact Finding Board in 1941 $15,500,000 additional wage cost for the current year, increase ized in freight will ampunt and that the and passenger rates, and in other charges, author¬ during the fore part of 1942 by the Interstate Commerce Com¬ will yield an adidtional revenue of $10,750,000. Under Public Law No. 729, enacted by Congress on Oct. 2, and the executive order of the President of the United States, placing the administration of mission, the law wages the under the and salaries Federal economic on 6,653 6,872 $7,593,456 $7,047,113 705,180 now all adjustment of subject to the approval of director, $15,579,000 as income compared taxes at taxes paid in 1939. $33,542,000 is an taxes for an increase with last year, and estimate of total 1942 of $22,559,000 compared with total increase 1942 is $18,383,000, 10,882,397 25 588,225 2.2,763,546 {1,773,282 873,530 $8,820 ... . . stock. $4,271,684 $4,703,493 the 13,019,102 11,437,683 9,718,217 on Common Shs. (net) 627,035 44,103 178,069 281,259 281,259 275,223 2,544,168 2,893,736 3,125,235 3,125,235 dividends.—— surp. Sept. 30 $14,294,611 2,314,989 $1.72 capital stock States dollar $1.90 _ and tax, equivalent at Consolidated Sept, Balance 30, Other $5,757,603 77,920,782 9,354 13,071 40 97,937 1,087,501 382,737 ; — 253,453 47,852 51,091 — Total $80,045,027 $85,187,837 Liabilities—Notes payable Federal $5,700,000 $17,025,000 - . income Other taxes— current §4,098,329 liabilities payable 2(4% debentures 2%% due debentures 1945 Prior 7,500,000 ; , stock 7,500,000 16,617,860 stock surplus 16,585,168 6,167,819 14,294,611 tAfter in and and by 2,317,404 reserve 1941. 1941, for in 1942 doubtful and notes 2,314,989 of in (The) the for week • : /; ended « 15, ,1941, Nov. - • ' depreciation reserves of §Includes capital stock taxes. stock taxes. ""Represented by 317,404 common shares.—V. 156, p. 1465. Best Foods, Inc.—Now a common Corp.-^-Year-End stock, no year-end a par value, dividend of payable Dec. Dividend— 30 cents per 11 ,to holders Payments already made dur'irtg the current year Janl 2, 40 cents; April 2 and July 1, 30 cents each, 27' Nov. follows: 1, declared have 40 cents. 4 ' ' ~ , *'" * . ' quarters, the company paid regular dividends of and, in addition, the following year-end dividends Dec. li, 1941, 20 cents, and Dec. 10, 1940, and Dec. preceding 1941 in no par 1942 $598,490 paid: 1939, 40 cents each.—V. com¬ 156, p. 1014. ■, Terminal Co.—Files Plan of Reorganization— Boston Company, on Nov. 18 filed a plan of reorganization with the Intenthe Federal District Court at Boston. Commerce Commission and classed as tentative, inasmuch, as exact terms of the revamping cannot be decided upon until the charges which railroads using the terminal are to pay are. determined, it was said. The .Terminal is jointly owned and used by the New York New Haven & Hartford and system lines, and the Boston & Albany, leased line of ,the New York Central.. All. the roads except the Boston & Albany are .undergoing reorganization. The Boston Terminal's capitalization consists of $15,155,000 of first The « plan was . mortgage .bonds—$13,992,000 vof of first 3»/2s due in 1947 and $1,163,000 ($100 par) capital stock,< payment in cash of $20, on 4s due in 1940—and 5,000 shares ' reorganization plan proposes the first The ,each $1,000- of bonds, and the issuance pf new first/mortgage aggre¬ gating $14,851,90(1. Ascertain percentage pf the new bonds would be fixed" interest bearing-" obligations, yielding 3%i-.and the remainder would deferred interest bonds." These latter bonds would begin interest at 3% when the fixed interest bonds were paid off operation -of a sinking fund. The percentage pf the total made fixed interest bonds would depend upon the terminal user be "bearing through issue charges.to be paid by the owning railroads. These charges have 'not yet been determined and will not .be settled upon until the New -Haven reorganization has been completed. k The plan also provides for cancellation of the Terminal's capital stock and the issuance of 500 new shares with a par value of $100 to be distributed to the preesnt owners.—V. 154, p. 1697; V. 155, p. 2003. • Boston Wharf Wholly-Owned Sub¬ sidiary of Hecker Products Corp.—See under latter pany, below.—V. 156, p. 1413. each, cents state • and in 1942 Jllneludes excels 5,322 preference $5,856,127 {After capital , f 14,071,687 JDr4,708,638 $80,045,0?7 $85,187,837 $543,984 in shares 12,500 6,167,819 stock $5,241,830 and 589" 47 7 12,500 of subs. cos._; surplus "Represented profits 9,848,000 9,652,000 securs. Total shares, 5,000,000 619,670 preference Earned __ income "Common Paid-in (1943)— ' 4,186,784 5,000,000 — 985,522 4,206,742 9,484,000 Employees' thrift accounts— Notes H3,215,880 1,400,135 j as were *8, 100,446 1,258,451 fixtures charges assets record 13,106 , _________ and kwh. , 3,855 receivable ; —— estate {Furniture ' Herald-Traveler ~the on reccird In 1941 72,861,070 and account share "of 30 $5,374,554 — Deferred holders of the directors land Oct. Sept. tInstalment notes receivable Investments of.8.3%.' for Boston were 1940. Sheet, 1942 Miscellaneous notes 50 cents per share 15 tp Co.—Output Up 8.3%— 29,198,000 with increase Output The profits excess Assets— Cash Dec. preceding week ended Nov. 7, 1942, was 31,901,009 kwh., an increase of 3.7% as.compared with the corresponding weejc last year.—V. 156, p. 1738. . 2,314.939 $1.91 2,314,989 $1,51 share tax of $1,070,100 in 1942 and $509,611 in 1941. tIncludes capital stock tax. {Unrealized loss in connection with stating Canadian assets and liabilities at the United dividend of > 2,000,000 "Includes a payable $25, output of this company, as reported to the Edison Electric for the week ended Nov. 14, 1942, was 31,607,000 kwh., as compared an $14,071,687 $12,556,614 $10,944,657 stock out- standing per declared 16 par with $2 per share each paid on June 15, last, June 14 and Dec, 15, 1941..-^V.. 155, p. 1117. ; .: Boston Edison 58,883 279,103 common Nov. stock, This compares Net system $17,744,917 $17,290,785 $16,141,176 $14,403,998 dividends chgs. Preferred on common 30. Nov. $4,685,781 14,451,176 surplus directors The ■on 156, p. 1738. Co.—50-Cent Dividend— Borne Scrymser . $3,293,740 surplus Jan. 1__ §Includes U. S. tax notes.-—V. shades in 1941. 503,327 1,201,997 25,855 . $86,618,765 $66,954,730 deprecation. {Includes 125,184 shares of Borg-Warner com¬ {Represented by 2,461,902 shares in 1942 and 2,461,899 "After mon -4,390 $6,416,960 561,519 *2,616,593 - Government. Estimate of Federal of stabilization the railroads is 2 ,000,000 10, 882,397 Total —— 9,509,974 *3,266,830 income Net Earned Deferred $34,065,000. under 937,117 Earned $6,412,570 charges ""Treasury the 9,630,481 $7,040,241 / Fed. inc. taxes income from to 10,931,635 $7,586,803 $7,434,099 Minority Interest in this, 100,057 1.309,438 — maintenance fund—. „———;» ——.— for contingencies— and capital surplus — surplus ' Paid-in 8,868 of the modification plan, the company could add $7,539,000 to the capital fund and would appropriate $19,894,500 to the sinking fund, leaving a balance of $6,631,500 available for working capital and other corporate purposes, Mr. White estimated that the increase in rates of pay resulting Of 67,062 263,570 income- to reserves. Reserve 1939 expenses, tingent interest, due to the end of the year, reimbursement to treasury of $5,690,337 for capital expenditures, and payment of $3,554,502 to the sinking fund created by the B. & O. modification plan, the bal¬ ance of $1,184.834<iwas used to strengthen working capital. etc taxes, 433,451 .and Real Earnings Estimated— meeting of the stockholders of this company was held on Nov. 16, with more than 32% of the yoting stock represented 'either in person or by proxy. out 1940 • 11.759,267 expense for Prov. Other Earnings Axton-Fisher Tobacco Co.—Offer to Stockholders— $12 309,510 $12,309,495 34 074,551 18,652,680 —- ——— Federal Special (& Subs.)—Earnings 1941 > $7,425,232 1- income income Earned of usual $2.50 credits Institute 1940. the declared the on $86,618,765 $66,954,730 '. : — payable, ; credits Gross Surp. on to holders of record issue on Feb. 16 and cumulative prior preferred stock, holders of record Jan. 22.—V. 155, p. 2179. also directors The declared have stock, common 775,400 • stock Accounts $19,184,499 $18,518,437 $16,670,722 $15,922,544 u_^ oper. Total the 1,488,82& . ——————— —— $ Common 520,317 600,185 275,446 186,201 1942 Sept. 30— income doubtful loans and for inc. taxes 2,045,343 . 716,385 —: Oper. exps. (incl. prov. $3,612,187 $1,763,969 $1,343,436 $718,129 _—.—_ Fed. Note—The etc.— - ' depre¬ 156, p. 511. Beneficial Industrial Loan Corp. $2,711,895 17,655 profit (net) oper. profit -——- —_———1,344,391 1— patents, Deferred figures no 294,714 Net 11,931,068 18,126,019 Refrigerator $3,006,609 Interest " $164,074 1,558 _ above §4,804,638 16,529,767 21,009,749 93,200 :zi; profit Capital 13,666,946 5,379,767 2,052,944 deferred charges*———3,417,043 -Prepayments and 1941 't 19,99!,854 _ _1— —„ 1 " Total Income Other Gov't contracts— on Marketable -• securities . c———~: Notes and accounts receivable, etc,^ $360,214 * payments Advance tlnvestments Total taxes Other metals oper. Fed. than income from batiks in 1^42 $16,176,862 $13,065,355 1,051,134 plant and equipment_____— plant facilities—-— ____—___________ and'on hand-————-A-—j "Special ■Cash 167,510 19,419,246 $809,188 depreciation) cluding income 1941 - 34) r ,t "Property, • 163,325 . Sept. Sheet, Balance Assets*"—*- 1942 ^ $2.72 the amount applicable under the newly {On 2,336,718 shares of $5 par common shares less 125,184 shares owned by of excess 'enacted Revenue Act of (Quebec)—Earnings— milled ore Development, (in¬ expenses Net $7,607,258 $13,144,612 $22,881,953 $3,303,722 _ Ton s 1942—9 Mos.—1941 1942—3 Mos.—1941 Period End. Sept. 30— Operating Operating Gold Mines Quarter Ended Sept. 30- $6,3$0,93.0 * of deduction Consolidated Earnings— 8,159,050 factory, administrative and selling expenses, but before deduction of depreciation, amortization and sundry charges. "{Taxes for 1942 were based on 1941 rates plus 25%, which is esti¬ been declared on record Nov. 19. A preceding quarters. in {21,951,571 share.:—______— common 252,410 . \ - taxes-'—.——. after per 255,220 Canadian and 1,278,713 1,78.5,239 charges- profits taxes—_________ excess income Net 599. p. 509,081 1941 $30,054,134 $ 16,041; 103 equipment——_ Federal estimated for JEarnings for interest has holders of 30 to Oct. on share per Dec. 607,934 . -r—-—_ on plant & and sundry sales on "After of paid was this purchase Co.—40-Cent Year-end Dividend— dividend year-end the to option 1465. p. Bastian-BIessing the Associated Utilities Corp., income $11,247,723 — Bros. Provision 1,322,580 "Barker $15,532,023 * •- ■ .. — & amort, Discount 3,295,088 sell to Total 30— operating profit earnings—discounts, dividends, and sundry, receipts,———_—*— 3,066,815 shares) par no 1942 —1—•— $29,446,200 royalties v . "Net ; 723,589 / "Minority Interest in capital stock of controlled company. cumulative preferred stock ($50 par) (178,055 . 65,302 loans————. 5V2% stock against $2 (& Subs.)—Earnings— Other 462,269 taxes (unsecured) loans Ended Sept. Months ■ • as will total $3 per share, 1942 year Borg-Warner Corp. 961,082 record of holders to 18 Dec.. . , for Dividends in payable $5, par This is in addition irt-September, " also payable 3., 3. 9 installments—long-term Long-term Corp.—Ye^r-End Pividend-4- year-end dividend of $1 per share on Dec; 18 to holders of record to a dividend of 50 cents per share have declared a directors declared $1,350,000, —_ - ' •••;•• the 1204. p. common Dec. . payable Common and the NY PA NJ Utilities Co. were permitted Nov. 13 )py the SEC to withdraw applications to dissolve Associated Utilities and transfer certain securities to NY PA NJ.—V. 156, p. 74. net Bohn Aluminum & Brass The $11,247,723 : payable $1,000.—V. Electric Corp., — — Current 1737. & i 156, the 165,478 1 : tAdsix months . 77,482 : : ____ _____ Accounts agreement an . J Total Corp.—Applications Withdrawn— Associated Gas the of trustees corporation ——-———J—————— investments $0.9'6 first- nine months -of 1942 is after allowing $7,005,000' for Federal income and excess profits taxes, at .'rates specified bythe'Revenue Act of 1942, without giving effect to any reduction in taxes which may result from post-war excess profits tax credits. Such creditors for the period are estimated at $655,000. 250,000 3,667,971 3,576,389 2,619,827 : _ $1,282,067 $0.53 and excess profits taxes. year '"'Note—The $890,57,5 :i ; $711,179 {Before charges of $183,751 applicable to the first as a result of retroactive wage increases. this V. I of 1942—9 Mos.—11941 1942—3 Mos.—tl941 $$309,496 $443,039 $0.23 $0.33 - - by the trustees. the ; 1942 Sept. 30, (net) Goodwill both securities of and claims against to be acquired by the trustees Corp,, entered into March 11, 1942.—V. 156, p. The inventory assets Miscellaneous would and, terms announced - ; receivable accounts and Fixed Holding Company Act, approval of the compromise Sheet— Sunland Investment-Co.) Controlled Company, of t $424,027 $1.01 (& Subs.)—Earnings— and Federal income charges justed. by received a with the United 2179. p. notes Treasury Merchandise various security groups on Nov. 13, with but single exception, told Judge Leibell that they favored the reference the compromise to a special master. None, however, indicated a vacated position has the - S. U. Notes Representatives pf the of 155, Corp.—Balance Bros. Liabilities— reorganization of Reserve.—V. Cash upon. agree plan the fill as "After Assets—- then be submitted to the SEC if appioved by the Commission, would be submitted for consideration by the court and thereafter to creditors and stockholders for their acceptance or rejection. Such under will He Consolidated Balance Sheet, will compromise Corps (Including begin before the special master with reference to the proposed plan of compromise. As soon as possible after the receipt and consideration of suggestions on the reorganization plan, the trustees intend to propose a plan of reorganization for AGECO and AGECORP incorporating the proposed of Marine Barker was There which suggestions for the formulation of a plan or plans may be filed. also be mailed with each report a notice of the date on would plan of States President. Jr., Lewi, Executive Vice-President, who absence to accept a commission-as captain G. $584,214 *$1.40 : of capital stock. {Based on Revenue Act passed by the House of Representatives.—V. 156, p. 1737. Period End. Sept. 30— "Net. profit .A Earns, per com.. sh._— , 663,567 .shares BJaw-Knox Co. Official — and to whether hearings Weil Alexander predicted that hearings may not start before at least 60 days. The trustees stated that they are engaged in the preparation of a new joint report under Section 167 (5) of the Bankruptcy Act. It is contemplated that within a few weeks the trustees will ask the court to authorize them to send such report to all creditors and stockholders of both estates, together with a notice fixing a time within which the J. N. Yamin, Richard by all before hearings all issues growing out of the compromise proposal, the proposal should be approved as fair. on determine Newark, Co., & Executive Vice-President and Merchandise Manager of the company's home furnishings division, will add to his duties those of basement store administrator, it was announced on Nov. 17 leave creditors. and . Bamberger Michael principles among p. (L.) in the reorganization plan of properties of AGECO and AGECORP. Judge Leibell also submitted to Judge Crane issues of a compromise among different classes of the Associated existing 156, 1941 $1,087,594 12,271,000 taxes profits taxes-- excess per 418^973 "On Assumes Added Duties— tion inc. and (estimated) share—— profit Earnings 1942 chgs. but before Fed after Reserve for Fed. of heavier traffic, only three of the locomotives had been secured, the War- Production Board declining to permit delivery of the remainder because of the need for steel for war production.— would then be the vehicle through which an integra¬ company in 2,000 freight cars ordered motives and single of they expect may New contemplate a reorganization plan providing for a top company to take over the assets of AEGCO and AEGCORP, Leibell that increase in business which the 1943, Mr. White stated that of the 23 loco¬ $2,855,214 Ended June 30— 6 Months Profit further probable the of Corp.—EarningSr— Bath Iron Works is the greater operating. efficiency costs shown for the current year through such factors as increased freight train loading and the expediting of traffic movements. being revenue the In increased Offsetting .these Top Single Corp,—Plans Unit— Monday, November 23, 1942 CHRONICLE THE COMMERCIAL & FINANCIAL 1858 A dividend stock, with cents payable of Co.—$1.25 Dividend— per share has been declared on the common 31 to holders of record Dec. 1. This compares $1.75 on Dec. 31, 1941, and 25 2003. $1.25 Dec. cents paid on June 30. last, on June 30, 1941.—V. 155, p. 50 Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 156 Consolidated Rower. Roller Bearing Co.—Earnings— . / 9 Months Ended Sept. 30-Gross, profit: 4.— - Expenses- — ——— - Depreciation"———-,————— Assets— 1941 1940 . $2(670,857; $1,692,548 322,379 .-271,493 179,397 200,119 1942 $2,820,411 373,160 ,175,260 ,, . * • Operating profit. Other income $2,271,990 ; ———- —■ ——— - > 35,633.. , Amortized taxes * [ .facilities^—j.— defense income-and Federal ; profits 1 excess income, . Balance Assets—Cash-v in -banks, Sept, .80, Sheet, and on Bank 1942 , ' ■' 1465. B. share paid , . Period End. * rnal . Earns., * per of * for military. restrictions, tax 2,445,484 ■ A the *$2,40 Net , of Net ' 120,397, $2,123,005 $5,776,087 "Includes • $5,748,722 $2,223,454 $1,079,163- Earns, per com, share-t Sept. income refund of . taxes income year, The the have directors a for on 156, for On $3,92 ness 1942, company to persons, p, "Profit of 15 cents on .Gross ' Prov. Co. to leased premises— - 183,006 i 1— Profit,———-— 156, Other (net) income not 67,000 — profit and income — $5,601,645 3,615,187 Gross 'Special credits Prov. . . Net ' , — fcr Federal income & excess profits taxes 1,046,000 _[ profit-for-the period— Earned surplus at beginning of $940,458 3,439,653 year—, . • taxes— . Total ; Common Earned Earnings * After stock per .com. . share in accrual for excise taxes and $996,701 403 285 $17,159 $15,587 $15,646 2.90 2.40 2.24 int. Balance Sheet $39,526; and and fired present $575,518; assets, accrued and current total investments, $2,700; unamortized debt bonds), $7,500; jobbing accounts, $655; miscellaneous expense (new debits, $3,141; deferred 2M , 31, 1942 (giving effect to contemplated new construction) Aug. (preferred stock), discount and expense (no par), total, $633,705. Power Light Co.—Earnings-— & 665,697 698,431 109,739 —V. stock,; 16.' the 63,032 62,558 $176,701 $125,499 "$14,960 t$0.30 $0.20 Nil ($1) common stock. $Based on the for contingencies, beginning July 1, 1942. 1942 1942—Month—1941 1942—12 Mos.—1941 $1,368,012 $1,403,743 $16,122,407 $15,608,915 489,730 698,184 6,448,260 6,711,791 301,242 83,538 2,607,047 1,010,531 154,615 144,480 1,741,355 1,646,591 110,000 105,000 1,305,000 1,215,000 , taxes — 'Proprretir. res. approp. $312,425 2,716 income 1,925 $4,020,745 '24,731 $374,466 $4,045,476 143,031 143,750 1,113 Cr4,713 959 Cr4,737 Crl4,603 (net) $372,541 $315,141 Net opex*. revenues,,.Other 2,826,705 exjeess profits taxes $2,439,000 428,000 1,050,000 150,000 $1,015,239 $0,63 155, usual value, extra extra an quarterly of dividend cents Dec. also was 1 Cr4,323 $5,044,706 1,725,000 15,403 Cr56,898 Crl7,326 Net income $190,3131 $238,817 Dividends applicable to preferred stbeks $2,459,029 1,255,237 $3,378,527 1,255,237 income —- mtge. bonds on Other deducts and int. debt — Balance for provisions Investment declared on , a the dividend 5% of for the cuiTenb addi¬ In connection with the refinancing by the, company in 1940, extra¬ ordinary deductions for income tax purposes of unamortized debt dis¬ and count call premiums on bonds retired, and other non¬ offset taxable income for the year 1940. the amoixnt of taxes, appearing in the column for the twelve months ended Sept, 30, 1941, of the above statement docs not reflect the provisions which normally would have been made during that period for income and excess profits tax purposes. If adjustments were made', [to exclude non-recurring reductions in taxable income due to refinancing, it is estimated that the amounts of direct taxes for the expense, recurring .deductions Jafgely Consequently, "respective periods would have been as follows: 1941 1942 Months Ended Sept. —V. 156, p. 1323. 12 30 $4,348,402 — $2,986,253 Catalin Corp. of America—Earnings— 9 Months Ended Sept. 30— : 1942 $117,933 $0.22 profit after charges and taxes common share^ —V, 156, p. 1602, Earnings per 1941 $164,887 $0.31 . Corp.—New Substitute for Corrugated Steel Sheets— Rags and resin have been combined into a war emergency building is announced, Called material substitute for corrugated steel sheets, it corrugated asphalt siding, the new product was recently placed on the: market by the corporation, and is being used, for both Government 10 cents and private The new per amount, of Dec. 1, on Ltd.—To share per construction, on cumul. \• product is designed for wartime application on industrial, commercial and farm It buildings. on holders to paid cents $70,489 of taxes Net Trust, 50 Federal and $598,730 for the twelve months ended Sept. 30, 1942, tional to the amounts required under the Revenue Act of 1941. and Account of Accrued Dividends— on $2,123,290 $1,203,792 — "Includes month $1,18 304. p. International $5,025,002 19,704 $1,626,705 income dividend of like both, payable 10 of ' 1,717,094 19,538 Cr56,579 Cr93,606 Int. replace can corrugated steel covering outside walls of temporary, structures of sheets used for all kinds, including factory buildings, warehouses, storage and, machine sheds, dairy barns and drying sheds. Corrugated asphalt siding consists of two sheets of heavy felt saturated with a recently developed resino-bituminous compound. The sheets are bound together with a high melting-point asphalt adhesive and corrugated under high pressure. The finished sheets are hard, rigid, light in weight and moisture- They retain their stiffness and corrugations in summer weather of the high melting-point, wear-resistant resins used in the saturating process. No critical raw materials are required, according to the manufacturers.—V, 156, p. 1739. proof, because Central. Arizona Light & Power Co.—Earnings— 14— 1942. $5,051,000 —_ 1941 $4,913,000 $4,659,000 ' Casco Bay Light & Power Co.—Bonds Offered—Bond Goodwin, Inc., and H. M. Payson & Co., Portland, Me., recently offered at 100 and interest $300,000 first mortgage sinking fund bonds, series B 4%. The offering of the bonds Dated Sept. $500 denom. Callable or 666,982 $3,403,012 $3.20 other . taxes Amort, — in than was 1, 1942; Int. on Other 1942—Mqnth—1941 $524,932 $411,102 273,025 203,526 94,855 42,274 23,854 29,424 49,000 37,750 1942—12 Mos.—1941 $5,576,664 $4,701,782 3,027,656 2,396,505 729,718 510,888 416,049 466,519 495,750 431,750 2,999 2,909 37,698 34,923 $81,199 : revenues^. Other income Gross due Sept. 1, 1962. Coupon bonds, $1,000 and payable M. & S., at office of National Bank of for Me., trustee. the sinking fund or for part 30 Net oper. made only to residents of Maine. Interest approp. limited-term of investments at any time at the option of days' prior notice at 105 and int. on or before Sept. 1, other purpose as a whole the company upon not less Net any on or before Sept. 1, $95,219 $869,793 $861,197 15 9,842 761 10,510 $81,214 $870,554 $871,707 18,958 $105,061 18,958 227,500 227,500 861 823 13,471 9,973 $61,395 $85,280 $629,583 $634,234 (net) income .——,— mtge. bonds interest 1952, at 103 and interest; income 'Dividends 108,054 applicable to preferred stocks— 1947; Balance there¬ after and on. or before Sept. 1, 1957, at 102 and interest; thereafter and on. or before Sept. 1, 1960, at 101 and interest; thereafter and on or before Sept, 1, 1961, at 100V2 and interest; thereafter at 100 and tional interest. . — of Portland, thereafter and < contin¬ Sept. 30~— Operating revenues, Operating expenses "Fedejral taxes & $1,522,240 2,647,809 $3,946,491 $1.89 $4,358,000 1942 ————— Period End. 1941 Prop, retir. res. 1,067,.000 for 1941 3,882,239 Corp.—New Director— no. par An earnings 156, p. 1687. 100,054 reserve expenses— 112,946 63,540 $87,000 earnings $4,170,049 in revenues—— $730,913 570,369 —„ have [declared Traffio " tCr91,879 gencies, arising from abatement of excise taxes (net of expenses). 999 $100,000; 6% preferred stock, $123,000; first mortgage bonds (4s, 1962), $300,000; total current and accrued liabilities, $31,881; reserve for depreciation, $65,903; cus¬ tomers' advances for construction, $358; earned surplus, $12,563; Canadian Pacific Ry.—Earnings— 4,331,025 deducting Federal excise taxes of $200,995. •(Reduction 10,998 1,192 Amort, of prem. on $84,877,012 $73,563,000 .Week Ended Nov. Traffic $6,828,385 333,566 1 on profits (& Subs.)—Earnings— of. accumulations $4,380,111 dividends——_—„ surplus at end of period based excess 518,400 shares of year.—V. 100,054 surplus was 1940 , ... addition to Commerce Preferred stock divs., $3.75 per share— taxes liable for pref. stock, par $100, payable Dec. 1 to holders of record Nov. 16. A like amount has been paid in preceding quarters. Arrearages as of Sept. 2, 1942, amounted to $33.25 per share.—V, 156, p. 690. ■ • ■ $26,930 10,860 deprec.- Assets—Total 1940, amortiza¬ 1941 ^ The .directors have ; 293,165 107,405 . in $172,611 interest, 1602. p. . Act, plus 50% 1602. Nov. account $6,427,815 ;340,617 Sell., gen. & admin, exp. (incl. prov. for repos¬ session losses and bad debts) . $26,850 — etc,——^ {Fay 50 Cents 163,603 $5,194,027 trade installment notes—., •Interest income, Forma assets, 38,407 $28,795" 1939 $65,337 . • . Federal, income _! Canadian. .. 1941 , and 'M,097.703 directors common .last :6s591,4L8 . 1941 Week Ended Nov. 7— ■. after discount 45,196 40,207 10,636 — bond new earned 1940 $67,058 $15,005 interest Times -Calnedar Years- 7,020 $23,218 Balance Other fo 3.039, 1942 5,377,033 in 1942 for contingencies. in record .*$13,337,728 $15,170,882 profit before charging depreciation—. for deprec, of prop. &. amort, of imprqve. 1940 $118,181 155, p. 2454. share Subs.)—Earnings (& Sept. 30— $93,201 1941 $255,193 Canada Vinegars, Ltd.—Extra Distribution— the not yet exchanged Under the plan of reorganization consummated Nov, 29, '1941, "will receive interest 'payments 'only upon exchange.—V. 156, p. 1738. —• Other ——- 40,219 exps.— . The been j etc,, revenues "Federal taxes 1942 George V, Bobbins, General .Manager of the company's coffee divi•sion,, With headquarters* in -Brooklyn, N. Y., has been elected a director. , Brunswick-Balke-Coliender , 1941 $73,992 Aug.31/42 $63,438 interest Celotex , Aug. 20, 1942,. covered six months', interest [ from Dec, l; "Juno 3, 1940, ■'" [ .. Mr.. Corruth stated that holders 'of old; bonds which have 9 Months Ended Bond Operating credit of. $200,000 for. post-war refund of excess profits "tax as provided under section 250 of the Revenue Act of 1942.—V. 156, p. 1739. 1940,; to ■ (Nct sales 8 Mos. End. revenues- gross Operating tNet after a who are registered owners at the ; close of busi¬ , reimburse Comparative Statement of Earnings Carolina subsidiary) depreciation, .but before provision for Federal profits taxes and reserve for contingencies. excess ■ will pay interest, from June: 1, owned Net profit —;———u—^ Earnings per common share— will be the second payment ori these securities, which carry (accrued .interest from Dec. 1. 1939. The first payment made on . bonds, $44,500 bank notes and balance to corporation in part for the expenditure of- approximately $100,000. Int. chgd. to construe. Provision for Fed. income & —V. • , in 156, was amount.—V. "After share per wholly a —_ Reserve To, Pay: Interest on General 1942.. 30. Nov. 30, paid cents like 9 Months Ended Sept. 30— This . of Net, sales — 1940, on its general mortgage 5% Cumulative bonds, series A. been, announced by H. P. Carruth, Vice-President. Checks will mailed be - 1, Dec. 1, it has . — values at which it is carrying its plant and property accounts. Purpose—Proceeds applied to the redemption and retirement of $175,- 500 series A 6% refinancing and Sept. June 30 50 of Company Was California Packing (Maine) jMortgage Bonds— ;Dcc. per Co.—Earnings- income—- 156, • Co. Brown cents $400,574 : income Revenue , ; book Period. Ended Sept. 30— Ltd., 1942 1942. Butler Brothers 20, 1014. p. 1 Company proposes to reduce the amount of its capital represented by its issued and outstanding shares of common stock from $225,000 to $100,000 and to apply the difference so created to the reduction in the Gross of taxes, —V. July 19, and Dec. 10, 1941, as compared with 20," 1940, and an initial of 15 cents on Oct. 15, 1940.— March 30 cents on Dec. June Co.—-Earnings— — in -1942, provision Act "Loss—tOn months nine the Bush' House, of $43,010 1941 : dividend extra payment Earnings per common share—— stock, Par $5, payable Dec. 10 to holders of record Similar distributions were made on May 15 and Oct. 6, last, 25. and 10 9, 105,765 Federal common Nov. V. declared gas , - according to the report.—V. Expenses, $1,166,633 Another Dividend of 15 Cents— \ daily holder with feet 1929. Liabilities—Common'stock March 31, on an quarterly Interest Brooke Iron Co., Birdsboro, Pa.—To Pay (E, & G.) made were 'provisions of the Revenue Act of 1942.—V. 156, p, 689. i of Exchange March . Gross; revenue 86,006 161,878 $4*29 $3.23 $3.63 - Federal for Generator cubic 25,000 a — $2,381,738 $959,094 -41,274,828 - and equipment. necessary Capitalization—Company has outstanding 1,230 shares (par $100) 6% preferred stock and 2,250 shares (par $100) common stock. Divi¬ dends have been paid on said preferred stock regularly since Apr. 1, other Quarter Ended Sept. 30— tax excess holders 1602, p. last Bush Terminal 1942, have been made on the basis of the. 80% rate, without recognition of the 10% post-war profits taxes of approximately $431,000, and other 3Q. overall . Revenue •tax, Net ——I/—-- Note—Provisions on to on on bonds purchased and after depreciation, tion, Federal taxes and- other deductions. $6,180,027 $2,543,615 '824,184, 509,355 3,996,706 736,660 , 384,309 130,967 441,100 profit 21 profit in- 704,660 118,600 'ended : 403.960 100,449 440,284 Net 156, regular • • Depreciation tax__—: Gas Dayton a feet, In 1932, the Portland Water District under Act of Legislature ac¬ quired under condemnation proceedings all the water properties of the Casco Bay Light & Water Co. Operating, declared Foreign previous payment, also 1937.—'y. 156, p. 396. ."Net $2,467,744 $5,896,464 66,924 Excess ; last. The April 15, 29, the Note—The $5,425,126 —— income been has to 3 Months Ended Sept. 30—. profit v the $2,189,929 profits tax_~3,876,366 Wisconsin income tax— 352,909 -Federal Dec. to (Exclusive . 1942—12 Mos,—1941 323,596 taxes share per par Bush Terminal Buildings company 90,563 — profit before come - cents on cents each 50 On 1014. p. (less miscell. charges 15, made 10 value, payable Dec. the, approval of the distributions were made no subject them,—V, addition > prof, from opers. inc. Other serves. of cubic before or has-approved the application of George Dj Bassett, and acting as a protecting committee fof holders of the $1.60 preferred stock to solicit authorizations of bondholders to last. . amortization-—' and \ $5,515,689 — consists 150,000 . depreciation for on year-end dividend of $1 per share has been declared on the stock, payable Dec. 28 to holders of record Dec. 4. Distribu¬ tions prof, from opers. bcf. deduct, deprec; Prov. cost-plus-a-fixed a common $4,751,949 Net : on plant of $4,665; total, $633,705. considered necessary. is 1942—9 Mos.—1941 amort. contracts accepted SEC represent Briggs & Stratton Corp,—Earnings— & of Similar Sept, was second 2,393,392 profits excess !' Period— , $22,749,246 —— the islands it on gas together with other Pro failed to issue a report for the second quarter this year. Figures now released, how¬ ever, show that net profit for the quarter ended June 30, 1942, was $1,010,995 or 52 cents a share after tax reserve of $689,221. This ; .compares with net profit of $2,295,358 or $1.16 :a share in the like period of last year, when tax reserve was $1,200,000.—V. 155, p. 2363, of Because , and 15 28, Board, "others, $3,043,962 t$1.56 . provision system Buffalo Niagara & Eastern Pwr. Corp,—Committee— 300,000 $1,111,143*$0.57 „ stock. common Note—No stock, Nov, share, but before reserve for'Federal normal income tOn 1,947,700. shares of common stock. *On 1,979,000 shares •taxes, —— 156, depreciation, After 3,946,491 tDr51,24Q — war dividend common The $640,147 *$0.32 822,096 . —J share.., profit 4,032,344 Billiard Co.—Year-End Dividend— taxes inc. - tion capacity Net interim Control ; Net 4,500,000 Bruck Silk Mills, Ltd.-r-10-Cent Interim Dividend— Fed," nor- f-or- — , stock in treasury became subject to sale 1942, at $11 per share.—V. 156, p. 1014. 31. An 1942—9 Mos.—1941 $5,437,354 $7,197,433 1942—3 Mos.—1941 • $1,933,239 $940,147 Sept. 30— Profit Reserve ,1 213,192 1,461,929 3,000,000 2,668,100 — at its pow;er plant energy Peaks Island, and by means of transmission lines and cables to the various islands. It has a comprehensive distribu¬ on transmits it Total Domestic Subsidiaries) (Including 296,296 33,351 common the 1 . 227,461 of Briggs Manufacturing Co.—Earnings— , — — record 1941.—V. 30, Dec, on surplus "Reimbursable- under Dec. Inc.—Larger Dividend— $1 per with 336,323 — .option , common compares Property—Company genei*ates its electric located tAfter reserves for depreciation and amortization. JUnder agreement granted Jan. 2, 1942. to five employees, 1,300 shares on Nov. 17 -declared a dividend of $1.50 per share stock, payable Dec. 15 to holders of record Dec. 1. directors the Peaks of name fee .basis, the The under erties. , $216,274;. land contract payable, $76,' 800; advance from customers, $210,232; accrued payroll and compen¬ sation of officer's, $193,273; reserve for Federal normal, surtax and excess profits taxes, $1,880,383; accrued taxes (other than Federal income taxesi, $97,157; reserve for contingencies, $50,000; capital stock, '$1,500,000; capital surplus, $18,560; earned surplus, $3,562,861; total, $7,805,539.—V. 156, p. 1014. This $2,085,000 year profits taxes-, excess — Liabilities—Accounts payable, on paper due within one [ Total " t- commercial Earned surplus ' Common stock in treasury (5,245 shares) of $1,962,653), $1,437,898; special emergency facilities (less reserve for amort, of $211,262), $900,667; prepaid taxes,$80,915; prepaid insurance, $44,230; - miscellaneous deferred charges, $425; total, $7,805,539, cost 1910 Island, Great Diamond Island, Little Diamond Island, Cushing's Island, Long Island and Cliff Island in Portland, Me., and to Great Chebeague Island in the fown of Cumberland, Me. Management—Company is managed by George F. West & Son. of Portland, Me., who also operate a number of water company prop¬ The $5 cumul. preferred stock (26,681 no par. shares) Common stock (450,000 no par shares) for depreciation Breeze Corporations, $22,749,246 Capital appraised by independent: appraisers in 1926 plus subsequent additions at cost, $119,527; buildings, machinery and equipment (less reserve at 211,072 ,, Reserve.for Federal' income and Long term bank loans land as stock of Ahlberg Bearing Co., $117,196; common 1 —— Unitpd States accounts receivable [(less reserve for doubtful accounts of $1,461), $1,168,820; inventories, $1,944,648; cash surrender value of life. insurance policies,, $14,550; Investment in 17,650 274,343 • charges and in Peaks 2,398,3.63 Customers' deposits and. credit balances— Accr'd. salaries, wages, commis. and additional compensation Dividend on preferred stock, payable Oct. 1, 1942 Accrued taxes, other than Fed. income & excess prof, taxes j , 1,434,407 43,514 ' — Accounts payable excess, „ — loans Maine in Corp., name being changed in 1926 to Casco Bay Light & Water Co., and changed in 1942 to present name. Supplies without compe¬ tition, electric light and power service and municipal street lighting to Liabilities— hand,-" $1,085,464; (tax series A, B and C), $891,200; notes Treasury 5,394,137 Brazil, Mexico & Argentina— Total profits taxes is estimated at proposed 1942 rates. * • Deferred . $826,569 $2.76 and surtax 9,862,782 101,698 — ; — 418,000 $930,436 $3.10 normal . , . 1,216,133 :— Federal for Note—Provision ■ , . _ _i ..fBldgs.,- mach, & equip, improve, to leased premises-—— Patents; goodwill, etc : —_—[ ,. $627,679. * $2.09 - of com. stock . . (net)—— — ——— Sundry, stocks, bonds and advances—— $2,204,714. $1,2.44,569, .58,145 ■ ——. 1,550,000 : sh. per . - —— Net profit Earns, $2,297,172 .-119,492 —v $3,011,277 Amounts receivable in respect of properties sold-— Land Total'income Company—Incorporated Island Net current assets in Canada, $1,220,934 . ,23,635. $2,16.9,081 , -25,182>,. ■ 80, 1942 ' and accounts receivable Accumulated costs Inventories , Sheet, Sept. ■ Notes . Balance • Cash . 1859 V. —. "Includes provisions for Federal the amounts 156, p. 1323. required taxes of $526,180 $21,291 for the current months ended Sept. 30, 1942, addi¬ under the Revenue Act of 1941.— month and $1341548 for the twelve to 103,054 $521,529 3 Mos. End. Interest on Amort, of & 1942 $89,917 9,846 Sept. 30— from oper. funded debt debt disc. income Net exp. 2,755 32,151 19,550 tax income profit 72,300 $9,908,669 6,439,888 188,243 631,907 207,429 437,061 82,428 337,930 270,623 98,869 excess Net $724,483 Dr2,242 $775,785 2,39 1 $2,741,346 6,009 $2,761,098 18,041 $722,241 311,233 $778,176 347,493 $2,747,355 1,321,900 $2,779,139 1,410,813 $411,008 income income Gross $29,097 $27,396 $129,305 $430,683 $1,425,456 $1,368,328 taxes since Jan. deducts— other & Int. account for 1942 has been prepared on the same basis as the income account for the year 1941. The provision for Federal income tax for 1942, however, has been estimated at 40% of taxable net income (based on the rates in the Revenue Act of 1942), instead of 31%, the rate for 1941. No provision, hsa been made for Federal excess profits tax since, on the basis of operations for the first nine months of 1942, no liability therefor is indicated. Note—The above income for the nine months profit before Federal income tax net The income Net ———. Federal income and for "Provisions profits excess have been computed at rates in accordance with the Revenue Act of 1942. fThese charges represent amounts equivalent to addi-» tional income and excess profits taxes which would have been payable on current earnings if the company had not had the benefit for tax 1942, 1, ended deductions of purposes 30, 1942, was $373,058, comparing with $431,258 for the 1941 period. Net profit after Federal income tax amounted to $223,818 in 1942 and $303,358 in 1941.—V. 156, p. 1466. Sept. and expense re¬ amounts call premium, discount, for sulting from the refinancing of long-term debt in 1939. Such have been credited to unamortized debt discount and expense. requirements Note—Dividend full at for rates cumulative period on preferred stock outstanding Sept. 30, 1942, $210,603.—V. 156, p. 1234. months' Central Illinois Light Co.- 122,000 taxes— inc. tax. 101,610 96,715 77,000 I 67,300 65,000 44,500 810,700 $149,757 $180,736 $2,202,343 60,159 58,440 Prov, for Fed. for Fed. gen. profits — excess taxes .— income —-— deduct. Other and now $1,536,341 501,606 501,606 15,950 51,052 191,407 $64,545 $834,774 $843,328 , Balance declared two dividends of $1.50 each on both the $6 and 6% preferred stock, payable Dec. 15 to holders of record Nov. 20. This will leave arrearages of $22.50 per share. $1.50 of share were made on March 16, June 16 $6 and 6% preferred stock.—V. 156, p. 777. per 15, last, on the Approved— Central Maine Power Co.—Merger stockholders The Court District approved latter Power & Light the Bonds— Augusta, Me., Nov. 30, 1942. St., 12 to up noon, War Time, Eastern Monday, on Pollard and of the Cumber¬ Nov. 15.—V. 156, p. 1739. Light Co., died on (& Sub.)—Earnings— Central New York Power Corp. 1942—9 Mos.—1941 1942—12 Mos.—1941 $22,535,658 $21,889,889 $30,614,895 $28,781(598 deducts. 18,539,597 16.846,878 24,749,669 22,359.663 Period End. Sept. 30— Feb. revenues $3,996,060 — $5,043,010 $5,865,225 $6,421,934 24.088 Operating icome 22,346 28,191 32,683 income 2,201,248 for normal and $5,893,417 2,996,232 $1,818,900 deductions ended $2,765,894 $2,897,185 ' $3,487,598 — Federal income 30, Sept. 1942, income net surtax and was and excess based deductions Revenue profits taxes for the nine on 90% on profits taxable income without giving 10% of such excess profits taxes. Operating of the estimated of the estimated excess 40% effect to a post-war credit of shown above include following the —V. income 1942—9 Mos.—1941 $753,168 $1,108,635 taxes— 1,550,601 prof, taxes— 156, p. 1602. exc. 1940 $4,060 1942—12 Mos.—1941 $1,160,130 $1,322,686 1,550,601 Total Ended 320 89 89 89 ,128 ——— operating Purchased ——*—* Maintenance $463,324 71,217 160,886 $455,779 69,861 167,737 $1,938,119 287,714 680,330 21,739 269 357 3,567 3,567 $3,337 3,588 $3,001 3,567 1942 $8,166 313,596 1941 $5,070 321,445 Balance Cash ! —— — Investments cost, at , Fed. ihcome from 38,751 37,610 151,466 $164,764 $158,831 1,421 1,808 $718,612 4,897 taxes)— operations Non-oper. income, net Reserve for for taxes divs. —— income for Prov. renewals, retirements —— $723,509 $160,639 $166,185 ; — tCommon stock surplus— surplus 44,100 —: . 180,900 Interest Interest $121,185 — on on long term debt— Int. Net to $542,609 45,926 47,127 361 53 5,088 5,194 28 98 Cr3,500 and *— to income Amortization of $338,003 $67,567 2,984 2,984 11,934 5,019 9,723 80,644 intangibles—— Prov. for Federal income 1,026 20,650 822 Cr3,500 $69,782 —— taxes surplus- Assets—Property, $54,861 $61,779 Balance Sheet, plant and Sept. 30, 1942 equipment ' (including the 10,000 167,805 115 ' $326,658 for and $245,428 ex¬ Net profit $2,525,180 $1,550,255 69,514 "48,145 212,914 659,383 344,791 1,845,000 "144,436 828,252 taxes— Surplus Earns, paid— — paid—— 70,000 70,000 $467,266 17,500 140,000 $577,567 17,500 140,000 $108,144 $106,150 $309,766 debits, $263; total, Liabilities—Long term $1,20 $3.15 Total 1, 1943, $100,000; accounts $4,538,000; 3^2% share Operating other $29,549; accrued accrued payable, $95,625; consumers' items, taxes deposits (re¬ $17,273; local.and Federal), $159,386; customers' advances for construction, unearned reserve for interest, renewals, $143; prepaid hot replacements and ——— —. tax. Federal Provision — —— for Net operating revenues. L— income Gross Interest funded on — ————* debt : bond premium— Amortization of ; interest Interest —... during *, * — construction-,:.—*—- —' — 2,469,390 $7,714,830 45,085 $8,658,370 31,519 $7,759,915 1,500,000 33,772 3,698 $8,689,889 Cr217,312 Cr203,651 $6,439,757 - „ — cents 2,914,120 2,569,000 4,309,399 depreciation——: Non-operating revenues of 62Va (& Subs.)—Earns. profits tax excess extra 1942 1941 $36,586,353 $34,392,556 13,597,048 12,633,464 1,967,421 1,784,130 3,514,535 3,572,152 for Federal income tax "Provision "Net income and profits tax $7,355,351 1.212,000 4,063,049 1,500,000 33,666 4,523 Act of profits taxes- for the 12 months ended provision for the nine months ended Sept. 30, the Revenue Act of 1942. The provision for deduction of the post-war credit which the company, pursuant to the terms of the with after is refunded be to excess include 1942, 30, Revenue - — income in accordance to 1942.—V. 156, p. 956. Offering—A (no par) was made on the New York Stock Exchange Nov. 12 by Tucker, Anthony & Co. at $30%, with 60 cents com¬ mission. The offering was completed in 15 minutes. Cluett, Peabody Inc.—Special Co., & Federal income nine of and months profits taxes have been accordance with the rates in excess in 1,352,097 116,489 S. 100,000 1 00,000 15,113 2,421,374 Treasury bonds investments 14,425 Inventories 2,999,947 ; 496,742 receivable ; Deferred profit dividends.—— $6,483,844 450,000 $7,384,088 450,000 $6,848,718 450,000 $9,775,412 450,000 Surplus for common. per sh. com. stk. $6,033,844 $1.51 $6,934,088 $1.73 $6,398,718 $1.60 $9,325,412 $2.33 Net — Class 1,339,131 45,000 patent license 25,000 ———77,041 assets — — A 363,627 2,213,672 — Accounts Subs.)—Earnings— (& 1942 1941 1940 1939 $24,096,622 $26,195,090 $19,533,492 $17,876,015 8,330,402 8,889,485 5,526,596 5,239,226 Other deducts, (net)— 423,376 449,517 621,178 499,277 Federal inc. taxes— 8,859,000 9,472,000 6,537,000 2,362,100 Expenses $1,562,591 1,491,045 105,432 U. 2,720 shares.—V. 156, p. 1016. earnings Gross 1941 $2,260,413 . and allotments were 215 purchases through 3 Mos. Ended Sept. 30— Patents buildings were firms, with the largest allotment amounting to 51 Sept. 30 1942 and There shares and the smallest to 10 ad¬ the Coca-Cola Co. Sheet, Balance Assets— Land were basis of 40.74%. 1942. Act received for 43,567 shares Bids Earn, 53,822 For nine months of 1942, net earnings before Federal taxes amounted with $43,248,599 for the first three quarters of profit taxes, class "A" dividends and all charges, earnings applicable to common stock for nine months were $17,067,231 compared with $22,041,599 for the similar portion of 1941. to $39,193,231 compared Total $9,644,770 $7,508,192 $3,500,000 $3,500,000 500,000 — 500,000 266,673 Liabilities— Capital stock, common Capital stock, preferred—— Accounts Notes payable payable — 331,111 . * — Deferred accounts payable Accrued Surplus 62,500 140,851 2,269,461 (patents) wages - for taxes, etc — —.— —V. 2,440,847 —„— $9,644,770 156, p. —V. 400,000 _ After 1941. income and 156, p. 1688. Coca-Cola International 112,500 85,596 Quarters Ended— income after exps. income taxes, etc.— Net 980.657 2,062,766 Corp.—Earnings— Sept. 30,'42 June 30,'42 Mar. 30,'42 & Federal — $1,029,884 $1,272,030 "$4.94 $7,508,192 Note—The 690. report states that $1,030,370 $6.27 Earnings per common share...—— "On 181,041 no par shares of common Cab Manufacturing (& Corp. Subs.) Federal Period Ended Sept. 30— $112,350 Provision income profit No provision 15,469 $23,035 1 taxes "After depreciation, taxes. 8,156 $104,194 for $38,504 formed to protect the interests of the holders 4,/2% gold bonds. a petition in the U. S. District Court at Denver, Colo., under the recently enacted McLaughlin Act for the readjust¬ ment of its bonded indebtedness by reducing the interest rate, and for other changes in its obligations on its funded debt. The members of the committee comprise Prof. John M. Chapman, Chairman; Dr. Max Winkler of Bernard, Winkler & Co., members of the New York Stock Exchange, and Ivan Wright, a director of the Corporation Trust Co. Gabriel Rubino of 60 Broad St., is the. Secre¬ tary. Louis Boehm and Joseph Rosenblatt, both of New York City, A $362,368 118,899 Company has filed $243,469 interest, but before provision for Federal income has been made for excess profits tax.—V. 156, Chicago Rock Island & Pacific Ry.—Authorized to Pay Equipments— J. Nov. the two D. Farrlington, 17 that Federal Judge Michael L. trustees to condition which The chief prepay sales executive officer of the road, announced covering the cost of new purchased to meet the war 'demands. prepayment of these instalments, which otherwise on counsel.—V, 156, p. 1740. Columbia Baking Co.—Participating equipment The . was until the year 1949, are Igoe at Chicago had authorized principal instalments aggregating $5,336,533 agreements committee has been general mortgage of 1015. p. cor¬ 1688. Colorado & Southern Ry.—Committee Formed— 1942—9 Mos.—1941 3 Mos., '42 — $4.92 normal tax and surtax were at rates provided in the Revenue Act of 1942. The poration is not at present liable for excess profits tax.—V. 156, p. — Earnings— "Profit , stock. computed Checker (State, water heat accounts, retirements, $841,198; reserve for conveyance equip renewals, $36,089; reserve for uncollect¬ ible accounts, $13,530; contributions in aid of construction, $15,571; miscellaneous reserve, $19,913; $6 cumulative preferred stock (outstdg. 13,972 no par shares), $1,301,480; surplus appropriated for increasing shareholders' equity, $58,180; common stock (outstanding 20.000 no par shares), $1,000,000; earned surplus, $545,609; total, $8,791,044.— V. 156, p. 1602. $10,703; $232; an expenses on a Comparative due Aug. fundable), $7,215; notes receivable discounted (contra), $1,350; accrued Interest, revenues Taxes, other than income on shrs. the for Revenue Net serial notes, operating Maintenance $3.94 — per justed $8,791,045. debt, 1940, 12 Mos. End. Sept. 30— $420,067 $1.21 $176,150 $178,144 - divs. divs. Common bonds, deferred cents of 50 dividend extra an 27, 27, last year, while on Dec. disbursed.—V, 156, p. 1602. was is $569,086 Total organization declared 17 Nov. on special offering of 17,750 shares of common stock • and other intangibles), $7,861,290; sinking fund, first mortgage series C, $31,222; cash, $198,687; temporary cash invest¬ ments, United States War Savings Bonds, series F,' $3,700; accounts receivable, $154,086; notes receivable, $1,109; notes receivable dis¬ counted (contra), $1,359; materials and supplies, $110,660; prepay¬ ments (insurance, licenses and rents), $19,166; unamortized debt dis¬ count and expense, $174,806; unamortized intangibles, $234,706; other directors share on the common stock, payable Dec. 26 to holders of record Dec. 4. The regular quarterly dividend of 75 cents per share was also declared on this issue, payable Jan. 1 to holders of record Dec, 4. An extra of 50 cents per share was paid on. the common stock on pense 4% Distribution— Chesapeake & Ohio Ry.—Extra The per excess $907,041 taxes — Fed. for merger, deprec. amort. Prov. the Cincinnati will issue 21,635 shares of common stock (stated value $10 per share), which will be exchanged for the stocks of Hamilton, Harrison and Loveland, then held by Columbia Gas, of a par or stated value of $865,400. The difference between the stated value of Cincinnati's stock and the par or stated value of the securities for which it is to be exchanged, amounting to $649,050, will be credited to Cincinnati's capital surplus since Dec. 31, 1937.—V. 156, p. 1603. the of consummation the In 1942, 1942—9 Mos.—1941 deprec., Fed. & amort. as corporation. Sept. Co.—Earnings— 1942—3 Mos.—1941 Sept. 30— before Profit Provision merged other surviving tlOO.OOO shares at IDeficit.—V. 156, p. 690. Chapman Valve Manufacturing Period End. par, (no par) shares to 1,000,000 shares and will be three subsidiaries, with Cincicnnatl remaining 750,000 with will be $100 shares stated value of $45 per share. shares at value of 10 cents per share. Reserve Balance to from "Federal 185,604 _ expense— refunded chgd. $116,539 security holders construction—: unfunded debt Amort, of debt disct. Taxes 14,268 $321,904 : Deferred accts. receiv,, Balance and in the case of Harrison they will be $10 stated value. They will be issued to Columbia Gas for cash at the par or stated value thereof, a total of $719,000. This cash, together with cash on hand, will be applied against demand obligations of approximately $748,804 held by Columbia Gas. Columbia Gas, by forgiving additional demand obligations of $127,761, will make a capital contribution in that amount to Hamilton which, to¬ gether with Hamilton's existing capital surplus, will wipe out Hamil¬ ton's earned surplus deficit of $138,418, as at Aug. 31, 1942. A divi¬ dend in the amount of the earned surpluses of Harrison and Loveland since Dec. 31, 1937, totaling approximately $71,968, will be declared and made payable to Columbia Gas. Harrison's assets in Indiana will be sold for $18,563 cash to an Indiana corporation, West Harrison Electric & Water Co., Inc., created by Columbia Gas to hold said assets. Cincinnati will increase its authorized common capital stock Other "2,195 common these 98,775 10,000 160,670 2,219 —— - Capital Current Cash replacements & _—45,000 of 5,220 and 620 Hamilton and; Harrison and Loveland will issue 6,048, stock, respectively. In the case of Hamilton, 825 14,267 98,775 pfd. stock on — $35,000 900 —— year's one ——— — ——— stock "Preferred Other Gross 143 $326,658 $35,000 V, 75 —.... — payable following trans¬ „ "Provision for Machinery and equipment. Income 143 $321,904 — —————————————— Accounts • and declarations contemplate the Cleveland Electric Illuminating Co. . — — payable Electric surviving the Ohio. of Loveland, Sheet, Sept. 30 — interest Prepaid a & Gas be to Co. applications shares Dec. 99,908 ——— The - approved Columbia the actions: "Depreciation only. 27,706 revenue- power (excl. 239 $3,768 dividends Preferred Note—The 12 Mos., '42 1942—3 Mos.—1941 Operations Taxes 334 $3,452 expense Net inc. to curr. surp. 140,000 common 30— Sept. . 13 Nov. on of Electric & mission 1939 $3,805 289 Central Ohio Light & Power Co.—Earnings— Period plan for the merger of four sub¬ Corp., with the Cincinnati corporation. Columbia Gas & Electric Corp. and its subsidiaries, Cincinnati Gas & Electric Co., Hamilton Service Co., Harrison Electric & Water Co., Loveland Light & Water Co., and West Harrison Electric & Water Co., Inc., filed joint applications and declarations under Sections 6 (b) ,12 and Rule U-43,. and Sections 9 (a) and 10 of the Public Utility Holding Company Act of 1935 with respect to a proposed merger of Cincinnati, Hamilton, Harrison and Loveland, with Cincinnati being the surviving corporation. The merger and the transactions directly incident thereto have been authorized by the Public Utilities Com¬ SEC sidiaries Corp.—Earnings— 381 Preferred Period End. Sept. 30— Fed. the pro¬ Richmond „ provisions for such taxes: Federal on 1941 $4,478 $6,454,618 2,967,019 $5,065,357 2,299,462 $4,020,148 — income "Provision hearing a 364 par months for 19 $4,240 Managers' commissions, Total Net Nov. income Dividend Reserve Income set proceedings for reorganization in the 26.—V. 155, p. 2004. 1942 Notes Wyman, President of this company income B Liabilities— land County Power & Gross class 3 Mos. End. Sept. 30— Total Obituary— Other in Light Corp. offer an Assets— Proposals for the purchase as a whole of $12,500,000 first and gen¬ eral mortgage bonds, series M 3Vi %, due 1972, dated Sept. 1, 1942, and maturing Sept. 1, 1972, will be received by the company at 9 Green ♦Operating rev. pro¬ plus $400,000 Corp., filed Purchase of $12,- Public Invitation for Proposals for Operating was 18 500,000 First and General Mortgage Walter Scott Ridge Blue the Chain Store Investment Miscellaneous approved the merger of this company Co. Stockholders of the consolidation on the following day. Nov. on Cumberland County the of of shares States Interest with in came the of plane accessories. Judge Robert N. 5 Nov. on Distributions and Sept. company owned by Central States, for $600,000 . Co.—Accrued Dividends Central Illinois Public Service directors stock common proposal all are Central The holding utility new posed sale. 156, p. 955. —V. large a from New York financiers to pur¬ stock of American Cities, which in cash. The offer was made by S. H. Harris Co., William P. Lear, Carlton Higbee, Bradley Higbee and the Standard Equities Corp., who hold 90% of the stock of Lear Via, Inc., a corporation engaged in the manufacture of air¬ The chase $47,796 pfd. on outstanding 666,002 $1,387,432 of cash, and would be organized jointly by American Cities & and the Central States Electric Corp. 41,802 stock.— Amort, of pfd. stk. exp. Divs. formation The posed in the U. S. District Court at Richmond, Va., Nov. 13, in con¬ nection with reorganization proceedings of corporation. The new concern would be capitalized by approximately 72% of the $122,296 41,801 $89,597 income Net three a amounted Proposed Central States Electric Corp.—Holding Unit 537,927 $2,092,655 705,223 for Gross 4,019,581 1,443,000 1,105,891 902,800 128,000 expenses Prov. Prov. $10,211,541 4,251,852 1,518,000 1,195,417 998,800 289,566 depr. & amor. for Prov.. $800,816 $10,867,425 333,569 Operating Int. . $854,836 revenue to 1942—12 Mos.—1941 1941 1942—Month Period End. Sept. 30— Gross Earnings— Co.- -Merger Approved by Electric Gas & SEC— The income (net)— oper. Other 1602. p. Cincinnati —-—. $45,508 156, Gas 2,500 Crl6,200 — fChgs. in lieu of income & exc. prof, taxes 1,946 34,820 profit tax_ "Fed. V. $2,731,446 $10,904,281 1,684,989 6,985,670 176,294 73,425 taxes- "Federal 3,343 2,358 800 3,050 45,220 taxes— exps. and income Oper. $2,870,322 1,797,251 revenues— Operating 14,358 30,299 : Adj. of Fed. inc. tax for first half of year—— Net . 219 Depreciation' Federal 11,431 1939 $80,895 1940 $83,386 13,557 1941 $262,105 695 - interest Other , 20% and will place the road in a more favorable respect to these obligations, Mr. Farrlington said.— with position 1942—12 Mos.—1941 1942—3 Mos.—1941 period End. Sept. 30— approximately Co.—Earnings- Central Power & Light Subs.)—Earnings— Central Foundry Co. (& Monday, November 23, 1942 & FINANCIAL CHRONICLE THE COMMERCIAL 1860 would run will reduce the outstanding equipment indebtedness in on directors have declared a addition the $1 to the cumul.* and Dividend— participating dividend of $1 per. share cents per share par value, both quarterly dividend of 25 partic. preferred stock, no usual payable-:-Dec.-45-J;o.iwlder.S'X>r.T.ecqrd-I>eG. ■i;,f ••!"'• &<** of *75 , restoration A participating dividend of based are Vl '-tk of . of $1, per share the on com- Vr'.- follows;.. ;April , 'July l. and 1,- 25 <oents each; Dec. 22, 75 cents.—V. 156, ;; Oct, .1010;'-" p. 1, 50 •— - Columbia Gas «fe r ; - 156, 778. ' The-SEC -issued. ,<• : : <' .be Oil tendered ■*Net ' 1 ' -, ' . . Oper. & Federal . V* " / ,24,912,274 $ - Note—These fixed 116,409,701 13,945,972 156,380 2,539,133 9,801,464 . ■:.2,255,535 ,r bef. revenue-.." !.'4,9 03,362 2,719,355 65,039 31,898 v ___— charges of minority Net 9,857,729 19,234,442 and 888,987 subs. 240,543 not volume Sept. include Elec. & G. 19,440,693 897,322 but 22,820,675 3,492,905 & taxes— is G. 612,136 2,455,030 3,434,042 parent, Corp....- E. & charges E. stks. of Preferred Balance 1,274,935 2,456,057 months $1,670,927 of Electricity week the corresponding 16,668,765 Dr868,580 1,247,762 Following and Dr272,902 ' 12,624,176 Nov. 14 period C. "Of G. & applicable to 5,055,187 tAccruals stock per share 30, 1941 and applicable became law 30, income Oct. on 1942, subject of Federal to various the The for rates periods, decline $0.38 method income and used tax a in the year twelve in 156, by the required months of by 1942 Revenue Act the tax of six months of Revenue accruals of Act in were 1942. 1941 tax accruals 1941, while in the of excess the 12 Mos. End. net Gross Revenue to 10% solidated fThe parent Federal other of Federal earnings ior excess periods Columbia company, profits taxes in of taxes Three months the in those required the Note—The 156, 1942, Gas consolidated income 1603. p. Columbia ; Oil credits Corp., not Net con¬ incurred include V...< " "/.I- / ; . -V. no • . The SEC Nov; on denied 11 the Claim.of decree, entered into Department of In by the company voting power of anti-trust an was conflict no Oil with Columbia'Gas Both suit, according of Both t vided Columbia and Panhandle of tion and reallocation of Columbia talization. of, divest itself of interest of. .voting .cancellation Columbia Oil. decree Panhandle suit brought - -provided also for ■ and control in power In denying 'redistribution tion Columbia' Oil's of manner contention voting .power in among collateral provisions of "The •of the which .'such an 11 ! V: "The -control unable are anti-crust of • Eastern _ issued order at the order by the and recapi- ' stock -held order an security directing holders an ' . prof, Federal • Earns, *On would, conflict . .. ($6,887,842, in In - decree based are Columbia same , Gas. time that p. by would to were Revenue $1.89 at Act the with an a 17 July 1 of and 25 Oct. made: last. 1, 156, a , Dividend of $1.25 year-end payable cents 1, April $1.75—V. declared stock, Dec. each 1 and dividend 21 to 1, Oct. solely Once upon year-end dividend stock, share); rate 5% 1942.- following 25 cents per record issue on disburse¬ and eacn; 1771. of 25 payable 15 cents Sept. 25, last. No cents Dec. share per 10 share per to has holders made were it approved a among Oil's -*$3.10 1,345.359 of goods 534,389 Other higher This other stock¬ ' $3.89 for than normal specified resulted on Nov. 10, payment^ were made during 1941. sold 25. June See V. 10 156. 360,569 and ■ . debt for on 19,325 Spec, reserve dividends Assets—*-' Cash ; 296,981 $555,911 $428,138 65,587 Marketable other $1,260,105 $892,413! Investment 324,608 310,264 "¥,446 352,586 $216,553 normal $36,441 income tax $555,322 ■ excess and surtax of for 1942. No 1942 Chemical Inc. ; 1942 - $326,554 42,672 104,963 .... payable 106,384 173,254 Cigar Corp. period End. Sept. 30— Net prof, income per com. "On (& stock the 1942—3 Mos—1941 tax taxes to reserve a $338,515 • shares " 80,000 40% Note—No above provisions 156, periods—V. was 1942—9 Mos—1941 f$652,082 *$0.82 tAfter third for in the 8. Dec. 22, 960,000 The on Nov. 17 excess profits taxes in to the announced System Inc.—Output— output of electricity generated and purchased) for the week ended Nov. 15, amounting to 157,100,000 kwhM compared with 160,600,000 kwh. for the corresponding week of 1941, a decrease of 2.2%. Local dis¬ tribution of electricity amounted to 151,100,000 kwh., compared with (electricity 1942, 154,600,000 kwh. of 2.2%—V. for 156, p. the corresponding 43,244 •5,277 7,703 shares). 6,948 1,077,908 —i-s- 1,077,908 482,275 482,275 • 793.612 holders week on of of payable Dec. 22 payment on this issue on first the old declared 5% record the was also the dividend a $2 par-value, which the cumul. pref. Dec. $6,282,374 America—$2 Common Dividend declared disbursed was 1,533,251 $7,420,964 have 793,712 2,022,604 1.—V. since $100 p. par per share holders $1 15, value, quarterly stock, 156, Jan. par usual to was 1931, dividend $100, record share when common payable the on of per on $1.25 stock. of $1.25 Dec. 15 1604. quarter. Consolidated Edison Co. of New York, company 36,969 subsidiaries...-.**^*....- previous directors share per adjusting Federal Cumberland County Power & Light See The 1,040,000 30.558 ... *____*™___*_*___:*____:._*_ no 1941, share per $1.59 stock. rate in the required The $845,764 $0.92 stock, 1016. ', p. 80,000 11,907 ____*_, (24,986 directors Dec. $378,617 *$0.84 of common 426,170 *_, Crucible Steel Co. of The ... share..:' 250,000 6,171 868,906 (482,275 shares). in common Subs.)—Earnings- after chgs; & Federal Earns, 47,119 ' 4,813 —'V0t156,^~prT688~^"- excess Consolidated $703,330 payable—others.*.*..-..'. '36,838 .Surplus—paid Surplus—earned 100,000 "• - -$232,403 $223,326 $168,898 $195,891 profits taxes.,.Note—Net profit for the nine months ended Sept. 30, 1942 and-194l; amounted to $725,967 and $814,046, respectively—V. 156, p. 426. "Includes $6,282,374 income Common stock Final net profit..—. • 66,026 . $7,420,964 _____ payable payable—others Preferred • 127,651 50,634 107,220 - for excess * 1 95,531 $870,586 ......... Minority interest in $345,782 52,693 71,110 1 91,128 , ; contracts Mortgages 1939 / 1940 * $857,914 ■;'.■■■ .*,-***-*_*-*, - ..—... interest Deferred '428,204 • >-*486,460 : .1941 - $846,515 3,295,839 81,740 payable and Notes ,, — 60,576 3,653,633 county, State and Federal taxes____. Debentures—annual sinking fund due Nov. 30. 3V-2% debentures due Sept. 1, 1954 Subs.)— (& 25,111 142,682 92,546 Accrued profits tax.—V. 156, p. 1688. Industries, 25,111 123,747 .... routes. ... Accrued provision 951,520 - 1,189,740 Liabilities- Notes has cost): i trade Accounts $217,080 1941 *$384,238 current-,— equipment—depreciated... Total 338,242 $594,809 Act 674 427,464 1942 receivable.*..; _i Prepaid expenses Debt expense 4,160 $947,395 86,152 and of (at than (fixed) Dairy 'herd 8,323 $122,593 842 3957,793 I,'223,222 "banks_.*_**_____„ contracts securities $205,111 89,809 7. 555,069 ; Inventories ^ 2~958 65,586 155,855 1.121,409 and 419,581 , Cost -- 1,262,476 ■t and In notes $472,832 for Federal Depreciation 135,479 $138,287 paid 421,005 ; ; 59,423 694,045 rj',: hand on Accounts, 79,560 53,062 47,436 paid dividends $839,100 profits tax < 55,457 , $166,851 ... 105,027 inc. Federal income tax 23,085 income..' Comparative Consolidated Balance Sheet, Sept. 30 -, ~ depr., etc. 20,619 24,972 ... Plant Sept. 30— $837,604 State $100,084 1~428 . $1,921,280 Note—Net Income allocated to: Minority interest in subsidiary Creameries of America, Inc............. 77,714 in accordance with the Revenue , 109,089 $316,870 J & income Preferred 288,894 75,904 Federal 102,998 deducts.. Fed. Common 383,526 17,511 $728,515 35,675 ; 2,449,258 59,654 9,458,285 $1,818,282 discount income taxes 1942—121 12,082,312 $281,195 $905,193 expense Other $513,491 3,645,480 $869,466 35,727 105,888 — for 1942—9 Mos—1941 4,794,939 ____ $277,806 surplus..!" Subs.)—Earnings— $3,926,675 $13,880,594 $10,186,800 & income Interest, 11,168 360,418 ex¬ ——._ $306,362 to (& 1942—3 Mos—1941 $5,664,405 income Total from of net 3 Mos. End. plan, months ,of, 1942 deductions declared record March 1,427,850 pre¬ of subsidiaries 467,856 income of last year, a decrease 1771. • Central Maine Power Co. Cuneo above.—V, 156, p. Co.—Obituary— 1688. < Press Co.—Special Offering—Hemphill, Noyes & Co. on Nov. 16 made a special offering of 3,000 shares of common stock (par $5) at 19, with commission of 60 cents. The offering was completed in 32 minutes. There were 21 purchasers through 12 firms, with the largest block sold amounting to 1,340 shares and the smallest 30 shares.—V. 156, p. 1046. Consolidated Film Industries, Inc.—Accrued Dividend The directors have declared a dividend of 25 cents per share Curtiss Candy on accumulations account six been of on 864. Operating profit debt, Co I. -Net prof. bef. the Panhandle $4,895,156 $11,285,985 $14,058,859 21, $1.25 of this on the Oct. of holders made were During 1941, July p. oper. exps. Incl, deprec. 335,752 '• common aggregate Nov. $383,694 Earnings— operations 1942—9 Mos—1941 earnings .for the first approved $2.51 Steel Corp.—Year-End on common Payments were Cost con¬ 1467. . $3,684,085 reporting equal surtaxes the taxes income . $2.32 2,583,971 $1.87 Creameries of America, Inc. $2,847,466 534,389 discount, . 1942—3 Mos.—1941 - 350,983 37,593 deductions income per!com. share*—. > *$1.01 $1.35 3,539,894 shares of common stock. Notes—(1) and Sept. 30— after chgs. & retirements- 79,251 ' (net). Consolidated unlawful modifica¬ by Columbia Gas and Columbia Oil, providing, for the sale and disposition of all of Columbia Period End. 2,853.971 $2.82 share— Period End. Sept. 30— Net sales 3,010,399 20,622 is considered necessary con- Commercial Investment Trust Corp.—Earnings— Net G. "Provision - Panhandle that its holdings in Panhandle Eastern.—V. 156, .. 3,407,727 176,908 v revenues.. inc. advances on been made pro¬ • submitted things, taxes, taxes... long-term Balance .Eastern is divested from the Columbia Gas system, and such control is terminated, the objective of the decree will have been satisfied." The SEC and . -decree," the SEC said: to accept. , ; suit, and consent Panhandle 2,853,971 —2,583,971 1771. common p. "' ! and Golumbia-Oil apparently assumed that the decree. constitutes by. implication an ironclad ruling that' no action other than that;expressly sanctioned by the court is allowable to achieve compliance with any;other provision of law. This assumpwe 5,275,495 $7,511,996 Distributions of $4,506,348 by the public..* Net recapitaliza¬ securities, - attack upon, and consent 5,941,719 $8,944,485 stk. Cornell-Dubilier Electric Corp.—Year-End Dividend— A $6,193,617 $851,654 541,849 94,963 income Miscell. by the decree~is hot-made-Clear, .tion oper. on U. - "unlawful an of local other held * stitute income & Int. *. • 1939 9,482,191 the 20, the 1941 $1,324,799 685,674 84,538 » Federal taxes Int. requiring Columbia Gas to Panhandle, and also requiring in certain . • order an • 1940 $13,297,415 $16,863,693 $14,886,204 $12,787,491 & Receivables Pipe Line Co., subsidiary been held a subsidiary of - issued Dec. '■ $6,313,736 1942—3 Mos—1941 & maint... depreciation. Gross Gas Eastern's Oil. Subsequently the SEC ., \ .The consent l, ments Corp.—Weekly Output—* : consent a companies entered into a consent decree which separation Of Panhandle Eastern 'from Columbia Oil's laws. 1941 $7,381,502 per p. 10. Ry. & Lighting Co.—Earnings- for Net voting parent anti-trust 1942, 7,943,653 directors AprJ V'-V debt discount and exps. "Federal .trol by.placing .the- latter's-stockholdings in'Panhandle Eastern in the ' .hands of a trustee ^charged with preventing further alleged -violations of 21, of this year. 'No1 excess 1940.- tDefictt—V. 156, p. 1771. !——$5,353,762 common on Dec. Eastern Columbia-'Oil >-has Oct. months or 1942 profits taxes.. ' par) Net Gas for 7.3 $305,765 state Oil,' in the Justice Department had been charged with interfer- the.-SEC deoision, to both ^companies.-.- Columbia 160,361,000 — revenues Electric* & - with the-business of .ence 172,047,000 company..— Other '.V ( ■ inc. Continental 5.6 subsidiaries Prov. Corp.,, taking the operations of the decree as . , & for & ... 156, share 692. 156, p. Reservations the ^Company, 'Columbia that -there position in income Total ' Columbia Gas a subsequent Sept. *30—■ est. of The 8.0 5.2 debt public Nov. 11, the SEC ordered redistribution of the result of its order! ' of Oper. Justice. decision made a of Operating ',1;; .1 Corp. "subsidiary that "the order directing redistribution power would constitute an ."unlawful modification" of the —V. % Increase 154,211,000 9,095 of etc., Connecticut American ' •• in necessary for 1941 deprec. & $20 of weeks 1942 Period End. Sept. 30— Co.—SEC :1 that 161,307,000 and expense, etc., The Federal income and do year; requirements of the Revenue Act of adjusted were profit Prov. equiva-. accordingly the statements Gasoline & companies over been its or of the be bef. Shares amount. Electric & have parent deducted in arriving at these figures are: ended Sept. 30, 1942, Federal income, Cr$8,870; other, fied— 1 increase interest penses, Rejects Plea— Must Dispose of Holdings—Denies Trust Decrees Modi¬ . 7.3'/o a of group $2,555,026 dividends Minority subsidiaries, Columbia Oil & Gasoline Corp. or subsidiaries,-or Panhandle Eastern Pipe Line Go. or its subsidiaries. —V. Edison 161.016,000 ———— amortization the by three months, and these periods. will Net 170,325,000 depreciation and (net) Preferred the Fuel A Power Co. for six first this include in; excess Deprec. • income mium than $16,230; 1941, Federal income, $86,452; other, $13,727; 12 months ended Sept.-30, 1942,-Federal income, $153,179; other, $71,398; 1941, Federal income, $455,751; xjther, $63,886. * 1 its : Sept. 30— Interest, amortization of profits taxes, excess these profits tax. excess .'V'-'Y earnings Gross 1941 less were post-war lent $900,000 for the full $4.34 contingency provision at the the tax accruals to Sept. 30, 1942, Continental Can Co., Inc.—Earnings— Community Water Service Co. (& Subs.)—Earnings— ended the at .... The provisions for Federal excess profits taxes for nine months and twelve months ended Sept. 30, reduced by $1,186,000; representing, estimated , of $863,866 of 40% rate assume a (which ago Interest, first $4.29 1942 this tively, to the rates imposed retroactively by the Revenue Acts of those - of Act 169,458,000 1771. p. Provision the $0.98 share.. com. taxes of Operating expenses, maintenance and taxes In $0.78 per Profit weekly kilowatt-hour output of electric energy of subsidiaries corporation, adjusted to show general business conditions of territory served for the week ended Nov. 12, 1942, amounted to 225,629,491, as compared with 201,591,105 for the corresponding week in 1941, an increase of 24,038,386, or 11.92% —V. 156, p. 1771. 1942. 1942. $806,625 12 Mos. End. taxes _ - Accruals for Federal income and excess profits, taxes for the three months ended Sept. 30, 1941 and 1942, include amounts necessary to adjust the accruals for the first nine months of 1941 and 1942, respec¬ and $98,849 The rates months arriving permitted as Revenue credit 166,511,000 ; 14 of credits, specified including from the nine the on profits excess . 7 4,584,113 $0.09 post-war 1942, by the Revenue Act of 1942 the to at were the 1942). due excess '4,202,629 t$138,962 Earnings Commonwealth & Southern profits taxes for the periods income tax was 1,113,842 stock and 1942, to 21, for Federal E. il,278,917 _________ 6,459,665 represents imposed, retroactive to Jan. 1, accruals & G. com. $6,345,412 1,278,917 -4,202,629 ; $0.62 —Kilowatt-Hour Output— 1942 1941 11,043,778 6,455,146 $1,186,000 for Federal income Acts of C. of $6,288,171 319,729 1,050;657 profits taxes year. ' - 31— Nov. 5,352,084 7,568,988 - approximately Sept. Revenue 99,303 * com. earnings which •1,969,7-71 "$0.63 the kilowatt-hour output totals of the past four comparisons with last year. , ' are 24 V. E. paid $1,469,235 319,729 Co.—Weekly Output— registered last 2,448,536 128,120 ' Oct. 1,347,065 based the Commonwealth of ended percentage Oct. 16,395,863 of 1,204,113 ' and ' output 106,148 (Including wholly owned subsidiaries) income post-war Week Ended— 3,173,884 $0.28 601. p. 2,426,784 16,126 1,050,657 are $1,637,486 are 611,067 of $1,231,424 •rate 1942—9 Mos—1941 • $732,504 1942 $8,922,068 "Tax provisions for 1942 to Sept. 30, 1942, Federal Income taxes plus an additional 1,661,655 consideration without 156, of $8,821,103 25,607 amort, income Earn, $3,299,141 Federal $2,096,428 605,728 _______ Balance : 5,511,600 for 523,679 $1;862,758 $8,398,389 dividends.^.. and provision the 13,492,757 Dr2 7,172 Br260,157 corp..... dividends Consolidated Act v> / $7,182,527 / 499,923 bonds on Preferred t• during the compared with 704,426 ^ $8,321,180 Common -dividends..^-: manufacturing $1,472,930 $527,016 $1,990;418 106,010 deductions excess applic. to capital Sept. of •* and prem. Other 3,695,851 of fixed & ended Interest acquired $2,220,516 share—**$0.20 per nine Nov. • volume receivables . $1,783,693 79,065 Gross income $3.45 . exc. ." - 6,354,980 1,693,500 & for Corp.. to fixed chgs. of C. G- & E. Bal, all 1942 -3 Mos—1941 Commonwealth Edison 612,230 . ..... Operating income.*.. 2,636,878 shares of common stock. the Earns, applic, C. the ',.1 of '■ Net 30, Sept. 30— Note—The & interests revenue Int. 5,221,252 Federal acquired. profit "On for ;2,784,394 It $11,237,163 $10,190,929 $46,424,008 $42,007,49(1 6,-202,442 . 5,492,665 24,580,817' 22,287^261 -1,037,021 965,246 4,836,295 4,055,786 2,214,007 1,742,600 8,666,716 7,266,054 Other income income and excess profits statutes. fAfter payment -of divi¬ convertible preferred stock outsanding. cumulative gross Fed. Earnings 22,580,131 206,251 ; ... 1942—12 Mos—1941 ' existing profits -taxes applic. to Colum. Gas C. the figures do Income .'Federal t5,722,659 ' 1942—3 Mos—1941 6,743,657 $2.83 t7,121,581 -f3;008,149 16,946,183 113,299,889 Period End. fProf. 57,181,627 taxes__CrtM10,432 prof.'taxes 12,533,686 divs. INet of - Commercial Solvents Corp. (& Subs.)—Earnings— ; 14,420,924 income Bal. , 787,263,763 stock____a___„i_._ Canadian quarter ended —V. . $ 5,609,929 dividends__„__i____, recently Consolidated ' 57,938,280 4,935,260 & "Taxes •';,'r: •• Sept. 30— revenues.. k1941 $ 1942, was $127,687,447, ($229,770,124 for the same period of 1941—V. 156, p. 778. V'$ -24;700,238 121,641,184 oper. Operating expenses.. >_• Depreciation 1942 common -the -4 Va % on fthird ' Pfd. Period End. Total 444,820,722 for the terms »subsidiaries i' 1942—12 Mos.—1941 $ r .jJ,057,024 oper. Other dends the -semi¬ of (tople,*.-..£,986,913 & taxes -Net ^ income excess Other lieu months '• Credit Co.—Earnings- adjusting 'taxes'-to ■ maintenance—> .12,743,209 .*.13,320,196 for aetir. Fed. • _ 1942—3 Mos.—1941 . revenues Prov. •j. • Period End. Sept. 30— Gross ' \ r;, in ' " ^Consolidated Gas Electric Light & Power Co. of Bal¬ timore—Earnings—;- .. nine ^.Consolidated Jncome 'Account .. " «•( •*» sinking fuhd. required,- indenture the -share——; per "After an trastee'Under' the " ' Sept. 30— available "Earnings — GasoUhe to- the annual cash .. Ac •" ••• for receivables Gross effective forthwith authorizing Pdrp,; ip'.'purchase from Columbia Gas. & ■Electric Corp. $300",000 %ce R value>-of "Columbia Oil's - debentures for $300,000 in cash plus accrued interest, jurisdiction being reserved with respect to the payment; *>f "the $ I2;000 - premium prescribed under the terms of the indenture-swurihg^the; debentures. The debentures are to Columbia -1 p, incurred v , Eleetric *Corp.-^Purchase of Debs earnings. This -adjust¬ quarter earnings " which *■? were INet available for ■ months' the, third ■ and cents; ■ 9 Mos. Ended six in taxes Commercial no ^aT- valu«^!pay^le-TDec.t15 <to holders of record pec, 1. .Thte'compares with-.75-^ehtS-fMftidf^n;?'Gct, 1, last, and 25 cents each on April .l.Tand July !lr:*1042!^Distributions during 1941-were as the tax rate. profits excess this yeaT—V. (mPn stock, to included onlhenew ""•121 'No -The directors .also^eolaredta idivfdend $714,058 ment. has -not%bebn -<^nts;vpeV ;share was. paid .onlthisoissue on •Oct! V last, - as com-: ' WlthVparticipatlng ^Uidends of as cents-eachon April 1 and pared of payable Dec. on the $2 cumul. pref. stock, no par value, holders of record Dec. 4. Similar distributions were made on Anril 1, July 1 and Oct. 1. last, and in each of the four quarters of 1941. Accumulations as of Oct. 1, 1942, amounted to $10.75 per share.—V. 156, p. 1046. 20 to Co.—Registers With SEC— Company filed with the SEC on Nov. 17 a registration covering the of 30,000 shares of participating preference preferred stock issuance at a maximum The agents, offering price of $100 a share. corporation does not propose to offer any of the shares through brokers or underwriters. the company proposes to use $700,000 to acquire going busiin the same field, $750,000 for the acquisition of additional nesses Declared- Curtiss-Wright Corp.-$l Dividend directors The the declared 12 Nov. on the to provide funds for payments under profit-sharing plans for its employees, land, and $900,000 corporation's pension and farm dividend of $1 a similar A as as :were Distribu- 5. 15, last, as Payments during 1941 follows: March .35 cents: June 14, 40 cents; Sept. 13, »d Dec40 ce"ts-v'156- "•1046with compared 35 Mnts- cents 35 March on 15, 1942. 16, Operating revenues Operating ".Federal ____ expenses taxes.,— taxes— Other ■ — Prop, retir. res. approp. Net Other income 2,898,078 — 2,804,190 1,442,088 706,560 1,048,615 677,111 725,039 337,927 $2,173,776 $179,782 $182,972 revenues— oper. 1942-^12 Mos. 1941 $7,945,541 $7,520,797 1942—Month—1941 $731,670 $736,057 243,652 259,021 179,149 186,572 56,921 54,747 68,976 55,935 30— —— Total Int. 46,667 deducts. 15,239 and int. 560,000 126,845 1,refundable} provisions for Federal taxes of $60,000 for the current and $328,000 for the twelve months ended Sept. 30, 1942, addi¬ to the amounts required under the Revenue Act of 1941.—V. 156, Depreciation Gross mionth tional Taxes Operating expenses Other 248.945 203,344 2,760,576 1,926 176,900 21,826 15,436 13,365 168,792 170,221 taxes taxes Net $64,516 $43,010 $650,536 $514,728 15,505 revenues oper. 15,505 186,063 186,063 $27,505 $464,473 $328,665 $49,011 Operating income—_ Operation • — Maintenance $27,505 $464,473 ...—; —— 23,515 282,180 282,180 1,959 1.959 24,606 income Gross $2,031 $157,687 $23,199 appl.cable to preferred stock—— 103,901 (f Dividends Balance "Includes month for the $44,358 •(•Dividends Sept. unpaid to and accumulated paid was Nov. on tDeficit.—V. 156. p. 1, 1933. 1468. 30, shares Dividends on 23,512 9 Mos. End. $327 $9,244 1940 $248,964 383.325 ——- shares . , amounted 156, $550,000.—V. to 779. p. revenues—.. $907,231 " 593,994 • 45,325 (inch Net taxes) inc. 102,751 ■ Light $224,459 income (net) Non-oper, Balance $181,940 65,500 $2,439,388 752,700 61,800 accruals... res, 162,896 "The Corp.—Bonds Called— There have redemption for called been of .Jan. as 1943, 1, total a and Miscell. deductions $782,000 of gen. & ref. mtge. gold bonds, series A, due July 1, 1950, 101 and int. Payment will be made at The International Trust Co,, of at Denver, Colo.—V. trustee, 156, p, 1605. amort..... Interest $2,099,448 434,866 13,615 " 13,037 i $1,229,003 77,652 El : $1,151,351 to ,minority interest.—17,902 $1,573,894 $79,982 deducts. (B. V. G. & E. Co.)—.. Preferred div. $121,885 Co. Balance 1941 Gross earnings from utility operations..—— $76,164,480 $72,464,760 Operating maintenance, etc., charges ——„ 51,817,427 49,327,210 Federal normal tax and surtax—.i—i—f——,. 4,325,000 3,530,000 Excess profits, tax 6,420,000 1,200,000 Applicable 1942 12 Mos. End. Oct. 31— (& Subs.) income $3,868,046 1,630.233 1.475,837 (Maintenance 22,645 20,764 259.127 235,353 Depreciation 36.638 34,802 434,024 78,653 35,607 795,048 362,489 36,226 426,015 400,003 $980,523 — . ' , income Other taxes taxes- 36,270 ■ Other miscellaneous income ——_:J 4: ' — corporate income debt discount and —. ... and expense..... ... $13,733,010 $18,633,497 4,963,687 6,289,484 income 156, —V. — ——„ $12,344,012 $8,769,323 . $1,860,106 162,436 Pepper Co.—Year-End Dividend of 85 Doctor Cents— 85 cents per share has been declared on the common stock, no par value, payable Dec. 1 to holders of record Nov. 19. Distributions of 15 cents each were'* made on March 5; year-end A 1 June last. 1, Sept. the to addition In " ,■ four regular extra each payments made of Dec. on cents 15 1 paid directors The share -Sept. the on xecord Nov. 16 declared stock, pa,r a $20, distributions Sinrlar -year-end dividend of $1 per payable Dec. 14 to holders of were made on June 13 and 1941.—V. 156, 1 (& Subs.)—Earnings— .12 Mos. -3 Months- Period Ended Sept. 30— 1942 Total Purchased 1942 $263,941 $847j034 40,448 135.415 57,636 78,913 276,250 15,066 17,978 66,489 14,927 revenue.— 1941 $215,088 33,613 operating 18,614 66,989 3,900 750 18,595 power Operation , . Maintenance •General Prov. taxes —. for Fed. inc. from Income Non-pper&ting Gross Prov. Fixed (net).. — $107,238 1,501 $283,296 3,336 $90,390 $108,739 $286,632 .26,740 32,440 117,203 renewals, replace. & retire. 1,145 1,163 19,075 21,200 —.1,312 charges of subsidiaries of East Coast Pub. Serv. inc. taxes of co,_ for Federal 4,640 79,520 "Cr2,847 investments.. cash Temporary Notes receivable ———....—........ receivable, inch ———... debt discount and Other to "Rerv^ents year surplus $43,429 $52,623 $88,115 1941, of over-accrual for the adjustments as of Dec. 31, 1941. . 223,000 1,221 1,521,670 — — expense..< charges —_ 1,976 1,798,530 69,938 911,294 119,747 34,090 77,336 461,288 4,427 premises—.; damage expenditures— deferred ; installment accounts. Appliances installed on consumers' Materials and supplies..— $759,939 $985,850 21,928 1,009,843 132,144 32,675 13,521 - - 451,433 and notes (none owned U. A.)„ by E. U. — A.).__ payable Accounts payable to Montaup Electric Co.! •Consumers' Taxes public. deposits accrued — r— — - .1 ———— ... accrued Interest liabilities Miscellaneous Retire, to reserve Contributions (excl. lor i ..... Montaup Elec. Co. res.).. extensions Operating reserves Unamortized premium on debt credits ' ... & capital stock (owned .by E. U. A.)— & capital stock (owned by others).^ Common -Common Premium on Premium on stock owned by E. tEarned surplus after acq. Total U. A ; stock owned by others stock by E. U. A. of stock by E. U. A. tEarned surplus before acq. of 182,584 31,969 8,999,109 40,086 $1,294,200 11,300,000 277,819 514,263 -52,364 1,659,946 168,334 42,954 9,527,155 38,277 57,394 68,735 195,367 14,468,650 228,000 2,742,366 72,784 1,842,087 314,081 69,026 71,361 392,389 14,468,650 228:000 2,742,366 72,784 2,075,384 330,087 $1,294,200 13,200,000 301,666 413,238 50,511 1,444,974 . _ $45,947,803 $45,325,359 — damage expenditures 1939, over a 1, 1942.—V. 156, p. 1325. 341,160 $494,358 $644,681 $620,831 "Accruals 67,501 63,903 $426,857 El Paso Elec. Co. (Del.) Federal 1942 for 23,850 CDel.)——— Co. $556,928 (normal income and and surtax) excess profits taxes are based upon the 1941 Revenue Act plus an added provision of approximately $220,000 for additional taxes which may be "required under the proposed 1942 Revenue Act. This additional amount ,is. .being spread monthly upon the basis of taxable income. The .amounts shown above for Federal income taxes include provision for estimated profits excess 30, Sept. of taxes $573,785 (1941—$159,144). 1942 For for the 12 -months comparative ending Federal purposes .income ,and excess profits taxes for each month of 1941 have been .restated to give effect to the Revenue Act enacted in September, 1941. —V. 156, p. 1325. ■ ' ■ Electric Boat Co.—50-Cent Dividend— A dividend stock, of payable 50 Dec. cents 10 -w^re. made per share has to holders June 10, on of been > - declared record Nov. capital Similar dis- on 24. the last, and .Dec. .10, 1941, .as com¬ 1941, and in June and Decem.- pared with 40 cents each on June 10, ber, 1940.—V. 155, p. 2006. Electric Power < & '1942—3 Mos.—1941 Subsidiaries— ' I $ $ 1942—12 MOS.—1941 . $ . • '* $ Federal taxes —— taxes 45,944.133 1,514,076 6,613,327 2,794,603 18,321,856 9:943,866 3,425,965 13,516,125 13,063,890 5,429,732 —1_L—_ 10,649,769 4,813,333 — Operation 'Maintenance 30,873,796 139,094,681 1,759,785 3,435,231 revenues 33,842,335 11,510,026 -Operating Other , Light Corp. •(& Subs.)—Earnings— Period End. Sept.'30— 5,377,889 22,312,484 19,501,200 6,894,228 17,115 7,110,594 32,386,756 31.210,92 9,010 365,419 222,29: 6,911,343 7,119,604" 32,752,175 31,433,21 121.856,048 42,391,972 5,744,197 Property retirement and depletion reserve Net revenues— Other oper. Gross Net (net) income income-——' .public to int. „"Pref. 3,500,505 3,564,037 14,493,385 14,544,78 3,410,838 3.5557567" ~18,258,790 16,888,43 public- 1,972,816 1,971,407 7,890,796 7,885.62 i. divs. to nority & of 1,438,022 1,584,160 1 0,367,994 9,002,80 80.062 82,902 388,684 1,357,960 1,501,258 9,979,310 applic. to interests equity Lt, and — Balance Net . *— deductions Balance tPortion being prorated to expense beginning four-year period under approval of State Com¬ missions. tlncludes $750,435 which is not available for dividends ."nr""- -ter^s Trucf Todenture of Brockton Edison Co., dated * July "Storm 265,581 $51,543 requirements-^.--—,——— Balance applicable to Liabilities— Preferred stock (none owned by E, Electric Paso dividend Preferred $45,947,803 $45,325,359 ....... — 22,075 $34,699 El Hributions Total .January, Balance 5,327 $73,619 (pub.t_ amort. Interest — Unadjusted $89,946 444 operations.. income income for Fixed chgs. Prov. ~ taxes of subs. — Accounts ' . — . Bonds 1772. p. ' East Coast Public Service Co. and Int. 1941 1942 — "Storm last, as against $1.25 per share on March 14, 1942, and share each quarter from March 14, 1940, to and incl. Dec. 13, 14, $1.75 per f on common 23. Nov. $807,862 Dril,922 $56,627 Balance f $31,307,225 $31,716,421 9,632,100 8,357,100 * 11,382 4,709 Special funds, U. S. bonds for resale-—.-—— u 5,569 ...—. Cash 1,601,181 1,772,521 Special deposits • - 403 - 409 and equipment.— Montaup Electric Co Other investments (at cost or less) Prepayments Dividend— 30 in Unamortized (E. I.) du Pont de Nemours & Co.—$1 $1,704,871 $1,261,473 for dividends and surplus.. plant Property, Accounts quarterly during 1941, the company of 25 cents per share.—V. 155, p. 823. share per an and dividend ■of $79,121 Dr5,502 155,235 ^ Comparative Consolidated Balance Sheet, Sept. ' ' Investment 1468. p. $1,550,282 309,824 $1,133,449 290,460 Assets—■ Net $60,290 Dr3,663 revenues—.- oper. ■Other income—net 23,612 $1,423,909 interest— and taxes Expenses, Balance available Gross Interest 413,841 77,652 Balance $13,602,052 $18 ,407,550 225,947 130,958 *4 — — —— 1942—12 Mos.—1941' $4,352,308 123,250 $370,864 revenues - $494,358 Non-subsidiary income Balance Balance, (Texas)—Earnings— $329,771 , Earnings of subs. cos. applicable to E. U. A... $206,662 it has any liability for excess 1942—Month—1941 - ' Subs.)—Earnings— (& 129,312 136,368 "Net Co. Edison Detroit $335,973 $184,098 ■ surplus— does not consider that Electric Paso Operation $1,651,546 i. — stock and Period. Ended Sept. 30- "Fed, Balance $295,523 111,43d .■ profits taxes.—V. 156, p. 1325. $2,888,417 788,969 $1,686,688 444,070 $116,441 35,918 540 $162,659 40,672 102 —. 3.616 13 requirements— common 24.614 - 1,457 , ' dividend Operating Gross- income 18,877 15,114 ^ ; company $383,080 17,121 taxes - for 1941 1942 $329,229 : Balance 138,238 , (Del.)- -Earnings- 30— — Balance $2,750,149 $2,276,523 Sept. — Preferred , Denver Tramway Ended revenues Interest' $850,483 $10,833,098 $10,095,572 400,979 5,886,564 4,852,274 38,133 484,608 413,096 241,488 2,185,403 ; 2,080,053 $169,883 12,057 New Power & Other taxes 1942—12 Mos.—1941- $165;162 59,297 revenues— oper. Retire, Subs.)—Earnings- 1942—Month—1941 Period End. Sept. 30— Taxes (& paid on was Servel, Paso Electric Co. Total per 1772. p. manager of Expenses Eastern Utilities Associates quarterly York, has been appointed advertising of this corporation. He was formerly Inc., and of the New York & Queens Co.—V, 156, p. 1605, , • 1 v, of relations . Months 12 Minnesota- the Eastern available to share cents an extra of 50 29, 1941.—V. 156, manager public El 603. p. Operation $519,651 388,325 $1.43 $1.36 $0.66 "After charges and provision for Federal and State taxes (including reserve for Federal excess profits taxes in 1942 and 1941). The taxes income Outstanding 156, Corp.—V. not are Maintenance 1941 1942 $554,992 388,325 Sept. 30— operations its of 20 cents usual the and $2, on Stop Nut Corp.—Appointment— Reynolds, advertising and Dec. on "Federal income 7% preferred th.s stock are cumula¬ Darnings per share.... 1942 23,549 and unpaid dividends on preferred Wisconsin Hydro Electric Co. earnings aris¬ subsidiary, the quarterly dividend a par share last, a quarterly dividend of 20 cents was paid on the as compared with 30 cents per share previously each addition, In common Elastic 47,446 $32,793 1942, amounted to • • of from 21.2' companies 30. record Nov.- of quarter. . ing 62'/a Sept. 14, stock, 2,090 —_ accumulated of 11.0 16.0 Inc.—20-Cent Common Div.-- stock, common cents per /,£ . ^ $80,238 — 47,393 ...... — Amount ,,16,406 11,968 21,971 156, p. "1772. declared 17 Nov. on common deductions. company income Operating for On 1941 148,931 74,713 103,958 1942 165,337 86.681 125,929 Light Co.—, the on of to holders 9,816 $23,839 parent Power (& Subs.)—Earnings— Decca Records, Inc. "Net of ,1941 131,167 32,972 —_— Note—Because Latest dividend, amounting to $1.75 a share on $926,451. tive. current addi¬ $10,983 for the of taxes twelve months ended Sept. 30, 1942, the amounts required under the Revenue Act of 1941. tional to stock, Federal provisions for and 1937 •of $286,747 : of the outstanding 30,000 shares series preferred stock and on the outstanding "30,000 shares series preferred stock, par $50 each series, all payable Dec. 15 Electric 1$80,702 $53,786 share dividends 35,389 18,250 subsidiary deductions Net — — ——— directors William Total subsidiaries are & Ltgiit Corp. and -with the corresponding figures do not include the System inputs Of any appearing in both periods.—V. Edison Brothers Stores, 3 103,901 $23,537 income which Power compared as follows: as -were & Power The above not i38,097 : Balance Net National the Total Co,, r—Increase-—• 24,786 deduct.ons 1941, Electric Co,, Light Inc., Services Light & Power the System inputs of client oper¬ 1942, 12, Ebasco & Power Input— —Thousands of •Kilowatt-Hours— 30,463 taxes—__— income 1 Operating Subsidiaries of— American Power & Light Co. — Electric Power & Light Corp.—— .1941 12,125 , — . —... Federal year a Services Inc.—Weekly week .during $71,238 ... taxes and State $330,165 23.515 4 $49,011 bonds- mtge. on Other General service exceeding six months companies 'of The ,140,529 ■ —. — —: — coverage week ended Nov. the For jr $315,629 income) other group the 1468. p. 20,625 1942 30— (including revenues the , ■ income Gross Int. 1,500 —- - — was 156, Subsidiaries) (Including Account Income Months Ended Sept. Depreciation Other income V. per 3 Gross -Rent for lease of plant- $2,080 etc. expense, / but less-than -five years, amount to normaj and a half. t • /' When the new plan become effective on Jan. 1 each insured em¬ ployee will contribute 6 cents for each $100 of his increased insurance, iwith .the employer bearing the balance of the entire net cost.— 2,884 $3,521 • and its affiliate, the Canad.an Kodak Co., Ltd., of .announced on Nov. 17. The revised plan, which affects earned in wages 40 ——, —— Consolidated 351,323 454,053 39,934 41,924 'Prop, retir. res. approp. discount and debt of Net, income 2,346,137 38,163 - Amortization *•• , life insurance program to provide an of approximately 20,000 employees of in 50'/« employees with $25,629 38 2,850 • - ■ 64,831 $27,033 20,625 ... —— $3,404,235 $4,210,857 $301,579 $408,984 revenues "Federal 1942—12 Mos—1941 1942—Month—1941 Period End. Sept. 30— Operating Toronto, 13,901 ... debt—— ' .will permit them to apply for life insurance .equal in' 9,600 debt...— funded unfunded each quarter from April 1, 1938 to and in¬ In addition;' an extra of $1 per share was $1.5U 1942. 1, 4,204 — — on on Common Dividend— a " —14,476 1, 1941. The made on April 1, 1938.— company National 10,800 : ... Interest Co.—Earnings- the of $118,164 ... Interest Dallas Ry. & Terminal of increase American V 3,988 ... 15, 6'/v the on value, par Jan. 2,' 1942. -"Rearrangement > ating 59,081 — _ no with July on made been have ■Changes Employees' Insurance Plan— 1941 $115,378 : —— ——— Net earnings 1324. P- ••paid t 1942 earnings Operation "Includes A compared declared have stock, cluding . Sept, 30— Months Ended 3 (Company Only) to holders of record Dec. 1 surplus. share per quarter since and including April 1 Corp.—Earnings— Income Account Maintenance 507,386 347,166 . ———$3,191,227 .•___— Eastern Minnesota Power $1,563,949 Balance 30,517 223,650 . cents 75 dividend of $1.25 per .share on the payable Jan. 2 to holders of record similar distribution was made on this issue on Oct. 1, last, directors 5. Dec. •as 2,310 -6,842 434,189 of or Eastman Kodak Co.—$1.25 The common Use • profits 1237. p. Ebasco $980,200 to preferred applicable £2S : "Less Treasury stock of $2,482.—V. 156, p. 780. ———— Dividends —_ . ...—— etc.—— i-J. Customers' advances for construction-^ -——i—— Total reserves — ———_ ; '--Capital stock (par $1) — — —— — Darned surplus -i. —2 ——: Capital surplus : ——I * ——: $1,487,586 507,386 $121,066 - 33,456 Unearned interest, $131,214 stocks income $2,051,806 . „j. 156, 1*113 *0 n<zi Total V. $3,191,227 — ——. ___■ dividend net stock each preferred 6% previous payment, also 75 cents per share, was 387 ,—■ , $2,071,335 Net ' at?Waii::::;:::::::::;:- $2,653,611 560,000 22,276 $2,174,431 $179,782 46,667 1,901 $182,972 bonds.— mtge. on Other I I — of Distributions dividend of 75 cents per share cumulative preferred stock, $1.12Va per share on the 4V2 'h a the on payable Jan. both accumulated of out quarterly stock, preference - accumulations usual the declared 19 Nov. on of account on ■and ~——— — -Accounts payable -Customers deposits 657 ' income - ,— Long-term debt $2,652,954 — Gross etc taxes, , Period End. Sept. 49,051. 6,968 Co.—Earnings— Dallas Power & Light . 65,135 \ 25 '."low , ] —_ prepayments-—insurance, other current assets.—: has been declared on the stock, payable Dec. 15 to holders of record Dec. cents each were made on June 15 and Sept. of ; - supplies.. and Dnvdend— year-end dividend of 40 cents per share A common tions receivable Materials Deferred debits , Cutler-Hammer, Inc.—Year-End $2,4j5,056 90,272 r 6,88,2 361,472 Property, plant and equipment . Cash on deposit with trustees —— U. S. Savings bonds on deposit with trustees--,*.— Miscellaneous investments in subsidiaries in bankruptcy Accounts trustees The . on 14, 1940.—V. 156, p. 1605. compared with an initial of 50 cents on Dec. Assets— . share per payable Dec. 15 to holders of record Nov. 27. distribution was made on this issue on Oct. 30, last year, stock, common Associates—Accrued Dividend—; Eastern Gas & Fuel Consolidated Balance Sheet As of Sept. 80, 1912 connection with the after expenses in remaining $2,975,700 the Of -offering, Monday, November 23., 1942 FINANCIAL CHRONICLE THE COMMERCIAL & 1862 I— mi¬ 385.940 Elec. Pr. Corp. to income of subsidiaries — 8,616,86 Volume 156 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4127 I Electric Net Power equity of & Other tion (as 1,357,960 1,501,258 9,979,310 10 612 898 — reconvened whether, voting 8.616,865 12 : income the At Light Corp. corp. above) Section to for power hearings the I—— Other 1,357,972 1,501,268 9,979,931 8,617,763 21,276 .Total Federal 30,486 108,731 92,176 taxes 4,690 4,913 19,267 11 (B) 99,422 363,407 1,662,459 Int., Balance 858,265 — — 397,244 Balance Sheet, 069,203 Sept, 80, 1042 7,926,067 with V. current $2,877; assets, unamortized debt discount and stock (no value), par $155,044,139; long-term cents 25 1501. A, 50 cents V share per has declared and to the par $10, payable Dec. 15 to holders of record compares-with $2 per share paid on March 16, last; 15, 1941, and $3 on March 14, 1941. stock, mon This Dec. Service Engineers Public Nov. 30. $2.50 Nov. 13 served Co., Inc.—Files the SEC and the work, all of its directors share ground counts, the the on A The .. Public the court evidence bearing proffered to the Commission but 11 also petition asserts that Commission the erred in 22 Co. and El Electric Paso system. : The petition also asserts not are supported stantial The by Co. Engineers by inter- its < that contrary are sub¬ to Columbia Nov. the U. 14.—V. 156, A March 22, of to 1940, S. Notes receivable, Accounts (net Co.—New The at assets net Sept. 30, 1942 $3,938 per $1,000 debenture and, : that, group, of North been elected has 146, 1397, p. and class of 30 B record and dividend extra an Like 12. 5 cents per value, all, $5, par amounts Dec. made were declared share has been payable while from March 15, 15 holders to this on 1941, issue and to were record June 15 March incl. ' capital Approval the of is normal needed two-thirds to equivalent were than contemplated each 156, p. after deducting the At approximately a meeting lowing principal amount Fire Insurance officers of the stock. General Counsel; Leonard Peterson, the As the debentures, to $46.11 share per convertible preferred class of in outstanding. I Pursuant to authorization by stockholders at a meeting held on Aug. 11, 1942 the corporation has entered into a contract with Empire Trust. Co., New York, providing. that the trust company will render investment advisory service to the corporation at a fee of, 1,' 1953, assumed this by corporation is annum. per ; Earnings Operating Operation Nine for Sept. Ended Months 30 held Laughlin, Taxes' (& Notes 164,221 178,384 181,827 23,596 20,481 income $314,770 1st tTaxes refunded — 75,417 § 121,471 125,625 Int. 3,180 2,281 of giving $110,696 $98,023 159,610 371,301 effect result to paid taxes at source. lOver , glncludes $4,193,118 2,673,716 2,007,744 50,817 698,931 114,640 52,833 Assets—' • banks and on hand—— in of securs. Corp York 1 Total v-- Capital Co. ; 1941 " 1 cos.:. stock-"—. ——: 10, 705,062 Ltd— 3,278,922 . , v of G. 1941; all 341,540 $67,950 $874,155 $711,008 .or l, than 104% be $12,705,105 $14,892,616 Reserve for $13,866 income - $3,318 105,855 129,683 51,033 market securs.__ 1,668 20,011 $51,868 $697,256 declared a each dividend 9 151, p. of less issue of 10 cents share per 15, Aug. on .American Gen. cost book of Excess (net) Corp. which carried ;— —— amounts at are at invests, herein in Gross are • ' ' Drl,260,249 such par) principal The to are Ltd cost ,of of Excess i Canada, of : amount, National plus City invests, in . Dr 194,108 First York May on 30,—V. 1943, 1, that at least may Shs. Cost (Corp. and general market securities owned—_ 252,441 p. Electric of of jDr221,260 ' — Co. at a interest Bank it of of its due sales & The V convert, preferred stock, stock Common Surplus (10 cents ; the first series. par)...... Gross 678,118 1 — 203,854 stk. 479", 129 9,988,372 .JLl- •_^ 10,348,063 Other \ —V. $12,705,105 $14,892,616 —— to to $1,250,000 Dec. The share Dec. Rubber directors the on decla/bd Deben¬ of redeem these for compares with 25 1942. 25 cents on April June 25, cents 1. cents per record Oct. 1, last, 87V2 cents on and 75 cents on Jan.. 1, 1942. on 1942, during 1941 were as follows: Jan. 1, April 1, June 25 and 25 cents each; and on Jan. 1 and June 25, extras of 25 • cents Payments Oct 1, each.—V. debentures, proposal Offering — — A sec¬ stock common of business Nov. share.—V. 156, a & Gas Corp.—SEC Renews Hearings will status of the corporation sentence" resumed respect to its interest p. by 1606. Nov. 18. 197,00.6,, $746,383 $559,720 $622,505 735,000 735,000 735,000 735,000 $0.80 $0.55 $0.63 at recent a meeting represented by voted 195,000 Corp. (& Sept. 30— to increase bonds Fed. for 4,198,444 19,983,542 $935,908 9 Mos. '41 $4,677,284 $3,789,232 212,742 Divs. Net 3.855,066 2,918,518 2,731,252 3,853,958 5.051,916 4,564,311 191,777 149,860 687,988 599,597 576,087 499,237 tax, 140,648 1,554,435 2,166,633 1,253,742 *2,182,528 profits taxes—.— *263,700 190.236 *453,936 $3,563,023 income..— $3,529,545 $4,619,988 (net)—..— £>rl25,601 Dr95,352 Drl57,124 $3,437,422 $3,434,193 $4,462,864 debt— 1.086,120 1,090,158 1,448,160 11,162 10.522 expense 85.321 97,395 117,034 040,118 Cr24,955 Cr47.981 609,250 573,124 807,202 ..1/1.—....l.)... debt pfd. on for disc. & to construction— stocks of cos, cum. sub. subsidiaries pfd. declared in current 3.222 367 11.729 5,458 5,707 87,371 37,765 66,909 9,658 198,288 154,394 *521,211 338,618 *2,305,373 1,309,416 l $243,957 $329,268 $1,023,191 $1,374,294 share. $0.52 $0.70 $2.18 $2.93 income .exc. profits & * 6,992 6,526 7,728 21 1,505 86 $1,678,674 $1,676,696 328,125 294,616 *$1,350,549 $1,382,080 income i.___ pfd. stock of income tEarnings its' law. per 469,713 .-'Notes—(I) 943 or share and income approximating tOn the upon 30, :1774. Revenue Federal 1942, approximately $1.44 for the excess 25% Net income per share, same - profits Total Income operating other Total the 9 have in months of been effect computed under this year the totaled ; • 1942, for the nine profits excess the $2,114,77: 437,501 *$1,677,273 ended months taxes will increase credit.—V, "■ post-war . , Account at 1941 $674,- which compares with $920,527 or $1.96 per period of 1941. The amount reported above as net the for revenues— 12 156, . (& Subs.)—Earnings Months — Ended — June — —— 750,499 223,950 114,060 taxes bad for depreciation.—..—, debts..— income Expenses, *—— -i-,.—— income Federal for —— 6,548 ——— 195,622 — interest 454,031 — ! ... $1,192,411 — —— subsidiaries.. of income 1 $508,316 and Federal income charged to construction, tax of (2) is consolidated in The provision based mates on made rulings, officials by a subsidiary, statement. r plant and equipment on esti-. and is less than the for depreciation of property, Commission deducted above the 230,065 company—. $21,034. Notes—(1) The accounts of California Water Service Co., not 287,694 ——_— ——.1———Lf' than charges 1942 $2,483,091 ..... Gross 30, $2,195,396 income———— income *Operations in of Federal bond indenture covenants or the companies, income tax returns. , The net income is stated exclusive of loss (on the basis of cost) of $1,411.41 on sales of marketable securities, which amount has been (3) charged to earned surplus.' posed Provision 1942, 30, by the income Federal for calculated is on Balance Sheet basis As months for taxes the the six of the Revenue House of Representatives July At 20, Act ended pro¬ 1942, namely, 45%. June 30, 1942 for deprecia-v $4,302,329; cash in sinking and bond redemption funds, $3,653; cash held by trustee subject to withdrawal upon certification ot property additions, $70,000; miscellaneous special deposits, $13,971; cash in banks and on hand, $766,381; marketable securities, $92,337; accounts receivable (less Assets—Property, tion taxes of and after .netting General Water Gas & Electric Co. 'Consolidated in excess of rates shares (no pari. for • • Act income $237,000 , Consolidated (4) common corp.... balance Based Sept. June (est.) 1,054 earns. deductions.. income on 14,808 divs. ....... interest amounts 24,026 'taxes 6,620,615 1,617,780 *1,694,818 ... .... charged Income $3,980,162 deductions $23,752,724 etc., interest Dividends 190,930 $4,890,026 649 12 Mos. '42 2,705,133 - general, long-term on of Interest Prior 38.218 152,664 par $16,528,654 expenses earnings Amort, 15,959,740 & prem. on Penn. $5 2.901,700 — depreciation..: income Provision 1942—Year—1941 $974,126 purchased and capital of Subs.)—Earnings— 9 Mos. '42 . operating Net $5,134,352 $24,660,826 $19,748,972 105,295 Interest Other the shares common $18,011,455 excess Net Provision $1,201,194 bond of exp. 149,088 bring the total authorized stock to 200,000 shares. Maintenance. and/or rates in New York Water Service Corp., will be determined at which have been ordered resumed by the-SEC" in its "death proceedings against the two concerns. Hearings are to be subsidiary, hearings with 170,032 514,783 revenues taxes *Less — *FederaI Nov. 18— Future 152,948 204,091 291,414 $0.23 Federal (no 13 Co.—Earnings— $1,095,898 taxes.. Net Water $924,541 income taxes be to }56, p. 1415. Federal 48,273 $926,758 outstdg.. commercial, General Net _ Profit note of 42,773 $1,465,257 $876,268 taxes $975,000, Provision various sources 1939 $883,984 the ! 5,668,186 . from inc. Amort, Dividend- a year-end dividend of 50 payable Jan. 1 to holders stack, common This 15.' have 50rCent 1940 61,657 514. This Traffic, Offers 1. York. sales the 1942—3 Mos.—1941 Depi\ depl. & amortiz.. 156, p. 1501. Faultless 1941 $1,403,599 profit) stockholders Operating greater 1049. $6,764,084 ' Corp. and prop, ■ ■ " $719,227 General Telephone are Total Corp.—Earnings— share Period End. profit bef. oth. Income 209,839 479,129 ..... 1773. p. with ' $3 156, $322,258 per by value. exp. opcr. Foods, "• below—'V. 147,750 exc. 156, p. not American 1949, price not New intends Secondary 12,500 shares of — and $5,604,425 1942 $761,422 Unrealized : in 42,195 Federal & com. stock for sale to 30, Nov. m„ amount under be acquired 156, End; Sept. 30— sales Net Corp. Dr262,788 $6,099,942 1942 deductions Earnings p. announced General Refractories -3,421 - $22,326,584 $20,192,281 . of , Corp., profit ; Prov, presently outstanding in the principal amount of made after the close was Period : depreciation Products Taxes—other carried carrying amount : appreciation (net) of Gen. Reinsur. over on , amounts .as Nov. p. debentures, attached coupons Lee, Higginson Corp. at $30 ' herein over book cost (net)—Internat. Capital .Co. 611,338 3,841,874 1773. income for Net 25. ' f;... for income Minority $1,250,000) principal ondary offering of over ........— which, invsts. ' 12,394,738 611,338 4,230,952 (Including subsidiary) and Nov. 1940, " amounts of Excess 1,279,995 12,394,738 ——— w Hecker Total 30,091 ; 69,366 197,437 —: 9 Mos. End. 81,781 2645. 5, convertible ' General 3,350,000 3,200,000 Ports¬ $511,952 ; holders of record to made were will receive offers until 3 the of the received __i—130,000 25,701.; ..... of 1944.—31,933 — General Printing Ink 11,380 ,3,076 • contingencies...—.—. by the corporation..i—i. assumed in 57,993 175,245 Corp. submitted sinking fund 45,012 ,- ' ■ taxes and gen. Corp. 8,821 130 corporation has 27,917 38,112 26,667 - Prov. for Fed. inc. taxes on appreciation of Gen. Reinsurance • 5,592 3,810 and subsequent $18,000,000. The Federal 8,821 cents part any 1943, must ,,.46,8i3 • acquisition due 958,259 520,000 Federal since.—V. none Chemical May 421,590 , , of 474,778 General Foods Corp.—Sells Interest in The Best Interest This corporation I.) 5,867,679 3,002,501 -- of Canada, for. securs. purchased, not received pay.,'accrued exps. and taxes.l— for $1,052,548 401,163 capital stock, par ; $1, payable Dec. it 4,642,792 interest on debentures outstanding...:;. Reserve $1,275,317 24,764 1237. five 850,623 General Aniline & Film Corp.—Tenders— . Accrued Debentures $92,714 stk. have ! 31,933 1,077,630 156, p. Miscellaneous Liabilities— pgy. Brl,744 Dr226 103 $50,320 of $41,933 Portsmouth 2,700,000 reserve 1941.—V. 557,017 • 60,218 — com. of ....———— .'♦After in $1,052,774 $123,299 expense- directors The 26,652 4,655,378 ———u.————. Other accts. 143 .... on p. tures of Total 1,076,807, $1,277,061 $63,081 Co. debt $200,000 • . $92,611 . $595,583 , Corp.— International 1942 ■ $375,294 Corp., capital General Reinsurance First and sub. assoc. General American 156, June ——26,646 quotations 3,952,810 General market securities, at market Invest, ; — receivable- divs. and int. Accounts, > Gellman Mfg. Co., Rock Island, 111.—10-Cent Dividend the ' in $123,156 — $22,326,584 $20,192,281 — year—— 575,583 —™:i_- Distributions 30 Sept. receivers.... stock General expenses security transactions), of Sheet, of General Television Co., Boston—Stock Increase— $5,726,515 income decl. —V. 1942 and $21,299 in 1939 interest on bank indebtedness. Balance one surplus 1942—12 Mos.—1941 582,138 and 11,472',081 acct. surplus Subs.)—Earnings— 180,205 (net)—— Net income $71,054 153,228 —. holders debenture (without $115,384 income. !• dividends 5,978 11,265.493 hands — Common Other §146,924 2,753 Divs. $846 in 253. p. bonds—Houston on Amort, of 92,260 125,625 2,175 --' 38 mach., equip., min. Ids., etc. in mtge. bonds —V, $376,466 Int» on coll. & eq. notes.. $312,991 88,841- 63,169 3,804 — amortization.. Refractories Co., operating 414 * 2,819 $314,918 $302,199 Operating expenses —U Int. on debentures.—— tExcess and and Secretary; Franklin E. and Secretary; 287,826 — income Gross 27,632 16,390, 1,672 2,174 of Reserves 174,119 bonds— __ 398,036 ... net payable, mouth fol¬ 64,584 Depreciation $110,827 —— Preferred the 11 $590,206 —— Gross $113,734 on 2 600 739,212 Maintenance $114,381 —.- ...... accounts (norm. Vice-President Vice-President and 223,690 sinking fund.—— Promissory notes to ' 1939 1940 1941 for — Accrued See required Nov. on 640,000 418,653 etc.—.—,.— due within Other 1942—Month—1941 — /Electric Total Ajccts, A. Allen, Co. Maintenance Other dividends— cash earned Cash E. - revenues.: Oper! income $114,381 Corp Miscellaneous income tTo directors Vice-President Period. Ended Sept. 30— divs,, General Re¬ insurance int. now v 1942 Other of Charles 1,150^000 —(s._ Inc.— 1501. ; $12,500 Cash and George Galveston-Houston Corporation has called for redemption at par, by lot on Feb. 1, 1943, American, British & Continental Corp. .5% gold debentures Feb. 106,000 trustee banks 568 26,389 subsld. financial our stock Cuban Magnestte Co payable, acct. of acquis, Refractories Co., due in 1943 Accounts payable f Co.—Officials Elected— Potter, Vice-President and Secretary.—V. 156, $200,000 due board elected: were preference of such preferred stock ($50 per share and accumu¬ lated dividends) is in excess of this amount, there was no asset amount for the common stock. of with parts, in to Notes 155, ■ valume, and for that reason much of transaction.—V. 6,241 19,836 , advances 16, " times its 10 3,233,594 reserve) estate, bldgs., Notes the on of on paid each quarter,—V, were 2,823 2,430,869 Liabilities— cents last. 30, & Total cents 15 of stocks, common Dec. Sept. of dividend quarterly Cash prior preferred and $7 preferred stocks of the corpo¬ working Franklin 605 3,183,156 reserve... receivable. loans Other i : & Patents, at cost, Director— Company company,—'V. usual ' 6r/r now $1,751,849 100,000 reserves less Sept. 30— Operating profit ..— are 1941 $1,926,574 3,408,602 of Prov. Equity Corp.—Quarterly Report— ; of net interest Repairs, tax full determina¬ as Sept. 30 Sheet, securities receivable, in 1942, Federal 1942 new hand—— on Investment in Northwest Deferred accounts Foster Wheeler Corp.—Seeks Approval of Loanof the 1942 banks and Government Real 1415, Insurance of already paid had company Extras of 10 cents June 30 and Dec. .22, 1941.—V. 156, p. 781. par . consummate 1772. p. the declared distributions last, '2006.";/ set-up." Circuit Court of Appeals for the S. the 1942, dividends of 50 cents per share greater in U. in orders , and evidence 15, under excluded from income, the year end. Balance ordinarily pay¬ Distributions $1. from 156, p. above the holders June no Similar Holders evidence. of Sept. required are made until ration received Nov. 17 a request to give written approval to a pro¬ posed Regulation V loan in the amount of $15,000,000, which is being arranged with a banking group through the Manufacturers Trust Co. John J. Brown, President,, points out that "the company's unfilled findings of the Commission numerous substantial petition was filed District and ■- Virginia the with of the 12 class to 31, stock, 15. p. pretation of clause (B) of Section 11 (bj (1) and asked the court to reopen the record to hear evidence as to the retention of Gulf States Utilities of yeaf-end dividend of 25 common Dec. profits tax reserved to Sept. 30, excess amount Assets— Cash Foote-Burt Co.—Year-End Dividend— ' it, by of (1) be Earned the introduction of constitutionality of Section rejected the of (b) 11 because companies to each were disbursed on unconstitutional on several directing the SEC to, is 1935 the proceedings to permit reopen Section that Holding Company Act of and also seeks an order Utility on broad the on not Capital . mission will Invest, dividend par quarter Life Insurance Nov. on March on the Investments, miscellaneous says President addition in Dec. and utility extent.—- and non-utility operations, excepting only. the electric system of Virginia Electric &.Power Co. The petition, among other things, attacks the order.' of, the Com- public stock, each year."—V. directors of payable subsidiaries tion Deposited and this 16, 1942, requiring for substantially of transactions what this action was taken "because of transition period between our regular busi¬ subsidiary paid copy of a its to so York 1942. President, Diemand, share per Petition— District'of Appeals itself divest to upon if the on common made 19, in action no the on were war board The dated Sept. Engineers of and of excess The post-war credits any common New whether in law. Corp.— present with connection Gas & the in determine affiliates, or Water (2) Federal income and is York Finance Co. of America at Baltimore—Extra Dividend the Court S. will New consider whether will Federal holdings it of structure , review of the order of the Commission a on company the, U. Also taken 20 dividends A. the on its petition Columbia, seeking, to stock com¬ per The our in America on have share Fidelity Mutual . been to its detriment in any involved cents 75 Empire Star-Mines, Ltd.—50-Cent Dividend— of for the third quarter is after deductions for retroactive wage and salary adjustments paid and accrued in the amount of $250,000. Inventories Weaver, John dividend of Water. including Sept, ness ' A accorded reason companies Dec. per problems able, $19,084; accrued inte^pst (including $1,800 for which cash is in special cash deposits), $252^997; accrued taxes, $105,132; other current liabilities, $16,717; reserve, $156,119; earned surplus, $6,998,936; total, p. the 1773. about able R. 5%,series, due 2030), $30,032,000; accounts pay¬ $192.625,124.—V. 156, that simplified, the board be suffered directors The $3,- expense, and (gold debentures, event Ferro Enamel Corp.—Omits Dividend— $192,625,124. Liabilities—Capital York associate p. income . $13,181; reacquired capital stock (973 shares of stock and 902 shares of common stock), $103,109; total,"*,' preferred ques¬ etc.), $184,- prepayments, 297,453; the Accrued (on demand), $4,575,840; special cash deposits, receivable (associated companies), $285,163; other dividends the should New 156, consider it is necessary to require that New York Water structure so as to reduce it to common stock revised or so has Water 6,470,836 in company—by of stock cash in banks $11,587; debt is parent (Company Only) 'Assets—Investment securities and advances (subsidiaries, 335,913; $7 Further, participation 1,624,925 stock its Water 409,978 388,634 deductions— etc., simplify only. 19.848 85,107 taxes Expenses will purpose of fairly and equitably distributing security holders of New York Water, pursuant (2)—corporate simplification—of the Public Utility amqng Holding Company Act, shall Commission the 1863 of reserve plant and equipment (less $12,982,565; investments, reserve $2,448,551), for dividends bad debts receivable, of $27,260), $5,457; $231,727; inventories of accrued materials, interest supplies, and etc.. , $11,829; 1 ^ Greenwich Water System, Inc. (& Subs.)—Earnings— 12 Mos. End. in advance, $6,793; consumers' and other $113,478; deferred credit in respect of obsolete contributions for extensions,' $77,968; reserve for maintenance, $1,741; preferred stocks of subsidiaries, $1,040,000; minority interest in common stocks and surplus, $12,546; capital stock of General Water Gas & Electric Co., $4,032,022; paid-in and capital surplus, $3,164,132; earned surplus, $999,151; treasury stock, $55,700; total, $18,770,402.—V. 156, p, 1689. . refundable Operating -V. 156, $32,000 $1,516,156 $43,500 from $1,319,172 Co. Razor Depreciation — ; - . stock taxes..— of common stock—— earned per share Depreciation fr. ' Net 1942—12 Mos.—1941 income Total ——— 1,589,006 2,274,093 1,398,268 100,709 1,148,779 $228,278 1 Dr643 $2,660,622 (net)—— $3,161,834 • 19,653 Drl0,260 Dr60,167 ' Best Financial In Statement, U. S. Other Premiums in course of collection due months three 1———.— 224,186 726,979 $16,917,642 $17,838,765 Reserve for unearned premiums 8,665,857 8,366,234 Reserve for commissions on uncollec, premiums 621,702 623,373 Reserve for payable accounts for dividends Voluntary Surplus —__ i— 1— —_—— —V. 156, Sales 2,500,000 7,500,000 Gross "Profit taxes income —_. $300,030 115,350 93,800 — of profit ——: $691,609 depreciation but before "After 201,243 Notes—(1) A $10,000 additional reserve was provided for obsolescence taxable 156, income.—V. provided was p. rate the at of 1049, (B. F.) Goodrich Co.—50-Cent Common Dividend— f directors on the on Nov, declared.a 17 dividend cents 50 $4 share per .A regular ! pref. stock on Sept. 30, last, which compared 1941, 50 cents on Aug. 1, 156, and 1941, with 25 paid On'Dec, $1.25 ,'i cents on March $260,706 stock, common against as follows: as - no Similar 18. Nov. last, have each.—V. declared the on Dec. 15 dividend a 1942. The and 15 dividend a distributions Feb. on $2.50, 20, May $1 Dec.-1 1942. and of made were and class B, on 15, 25 July 2 and April 1, July as follows: 75 $2 payable par, of cents Oct. June Aug. 1 and during 30 and Dec. each last. 1, and Oct. previous Sept. 1941 * were * $1.50 1, Dec. 1, 31 were to 1, Payments 25 cents of record these directors per have share the on the '•* Federal tAfter * on during each, regular quarterly 1941 and i 31, Gross profit of taxes 1939.—V. F. J. Gavin, is inviting tenders on or these bonds. exclusive of Holders Bank of accepted on or is Tenders The year, and Balance Interest prices Dec. in the submit requested to City of 23, New York, 8. 1942, of excess for the the sale principal to it t$25,748 company has agent of the company. Bonds 1942.- asked : ; . Interstate . and notes liquidating corporation the about at a dividend 29 shares 2,600 of Dividends paid Commerce Commission - , • $3,574(338 29,384 for • j ; surplus , cents. per 40 1942 $31,332 ; .1 for; excess for for —_A__— Dividend—; share 738 550,000, and surtax. income tax profits tax.:. additional possible wartime taxes .— , and post-war adjustments— —___ 1,970,000 90,000 75,000 Net Cash profit Balance, $917,984-, 499,500 — dividends paid—: $418,484 surplus upon 1942,-in application of proposed 1942 rates to period since July with action ^of Senate Finance Committee to accordance 1942. Note—Provision in 1940 ; and amortization of property, plant amounted to $98,746. for depreciation Balance Assets—Cash, interest, $1,612,997; ance $712,922; $325,578; and equipment trade Inventories, U. 1942 Sheet, S. accounts $1,675,522; miscellaneous other July 31, 1942 patents, Total, good will and of life insur¬ property; plant and cash surrender value assets, $18,929; (less, reserves for depreciation and accounts trade-marks, $1; deferred charges, U. S. Government contracts, $931,796; Taxes(other than, taxes on income), $114,989; Federal taxes on income (estimated) (less U. S. Treasury Tax Notes of $1,073,268),'$1,547,131; Reserves, $159,301; Common stock (outstanding 333,000 shares), $913,617; advances on salaries and wages, $28,291; payable, 264,489 ' 12,500 272,614 : 12,500 36,457 : ' 1— 30,958 2 531." • —_J' 386,663 1,607 * $765,085 $900,000 3,439 * ' ■ ' . $900,000 3,715 8,044 9,632 . 9,000 5,717 : — 335,198 Dr503,542 340,563 Dr503,542 : $760,970 8,832 — —_—__1-1— dividend-- for for Federal income surplus 9,000 tax—1 — Distribution to stockholders-; Total— 156, p. $765,085 430. (Henry) Holt & Co., Inc.—$1.80 Class A Dividend— The directors. have $1.80 cumulative and Dec. 8 to holders of declared a dividend of $1.80 participattrig class A stock, 1io, record Nov. 18. This per par compares share on on . . the value; payable with 90 cents : Dec. 1, last 5 year, 60 cents on1 Dec. 2, 1940, 10 cents Sept.'3, '194(1, and 15 cents on Dec. 1, 1939.—V. 154, p. 1264.*" paid > 2,221 J „ A-— accrued Reserve —V. . • ($1 par)——— ■____^ payable ———A____———— 386,245 ., $760,970 ——— Capital stock Taxes 1,041: 438 Y — __— ————— >. ■ Liabilities— amortization, $253,468); $5,189,700. Liabilities—Trade ^ 1941 $58,975 A—A—— Total loss on $58,817 " —__ Reserve Government securities and accrued receivable (less reserve of $40,000), for 1939 1942 closed banks__ charges $311,594 . • securities__— — Deferred 278,777' . , — Accounts equipment for the year in , .... Sheet, Sept. 80 receivable Accounts $32,817 $316,180 and. $59,772 , , Claims against 1939 .. *$59,817; 27,000 ' f $7,126 providing Marketable ." $6,760 309,420 $340,563 Capital assets (net) Investments and advances—A————— Cash * 1940 "$33,760 % 27,000 '4 - $15,452. 325,111 $335,198 — Earned and ' surplus earned Sept. 30 Assets— - 1941: -• $42,452 27,000 -' $4,332 330,865 abandonments. $3,603,722 ■_ - ' 27,000 31 Dec. Total "After v ! — surplus Balance, 8,236,795 —$4,349,381 * 775,043 ——— Sept. 30— earnings—- Net :' * A- $12,586,176 _ expenses— • $156,334; $21,800,879 Notes— authority to issue $21,800,879 promissory notes which would be ex¬ changed for conditional sales contracts and equipment leases involving purchases of 46 dieseF locomotives, 7,500 box cars, and 2,000 , ' has accepted tenders in covering, about $185,000 of its, of its preferred and prior ; total cost of about $272,000.—V. 156, p. 1327. that its invitation of Sept. to -9 Mos. End. ^ . — ___. .———a— $687,416; the > v_ ' • of taxes Federal IAfter *A— of amount, their tenders to The First National as ^ Holly Development Co.—Earnings— _ — expense September 5, pursuant to such tenders must be surrendered to the agent Dec. - 1941 excess profits tax, > in $250,000 and 430. p. Inventory 1,. interest, will not be considered. are before cars. $$148,475 sold Provision for normal on past ore $11,038 50 notifying holders of general mortgage 4% 1, 1946, series G and H. that the company Seeks Authority to Issue . Oct. 4/41 $31,343. and miscellaneous other income "Based prior to at 685,749 $2.44 1942 Balance 1049. due July in has been declared on the common stock, par $25, payable Nov. 25 to holders of record Nov. 12. A liquidating distribution of $1.75 per share was made on Sept.. 1, last, as against 50 cents/each on Dec. ,27, 1941,1 and onDec. 27. 1940; 75 cents on Nov. 28, 1939; 50 cents on Sept.' 25, 1938; $1 each on Sept. 30 and Dec. 24, 1937; 50 cents each- on Feb. 24, 1937, and Dec. 22, 1936; $1 on June 3, 1936, and $2.50 on Feb. 6, 1936.—V. 156, p. 865. " y'/V * V . Ended Oct. 3.'42 ' Operating profit *_A———————— Royalties Provision of stock,, par $25, payable Dec. 1 to This makes, total payments for the current p. President, convertible bonds, • 156, $1,158,144 685,749 $2.10 Holland Land Co.—40-Cent Liquidating - 1836. Selling and administrative "Provision Great Northern Ry.—Tenders— : $1 40 Weeks Ended ' Oct. 4, '41 39 Weeks Ended _ Cost of products were Dec. dividend year.^$2 per share, as against $2.50 in 1940 and 1941. Extras of 50 cents each were paid on Dec. 1, last 2, quarterly of Earnings, Year Ended July 31, 1942 sales Net . common 20. $924,643 685,749 $1.65 share preferred shares, A 12 Weeks . declared holders of record Nov. Dec. a was stocks holders made Great Northern Paper Co.—Regular Dividend— cents stock, no par Dec. 5. Similar distribu¬ last, as compared with payment t$38,303 profit Provision The $618,318 685,749 $1.46 207,124 out¬ $750,000 and bonds 15, Hayes Industries, Inc.—Earnings— record cents per share on cumulative preference stock, cents.—V.-156, p. 781. 1 $1,926,300 253,844 514,312 par) (no announced is it share on account the on of holders to Payments 31, share per dividend of 75 the on no Distributions April on accumulations of 21. 514,312 $480,781 156, Earned a 253,844 514,312 $0.91 : 156, p.. 1502. \ The directors have declared A —V. :" $15.17 ,' ■ Dividend— per prior preference Sept. 13 Weeks $121,480.—V. 155, p. Great Lakes Paper Co., Ltd.-—Accumulated Dividend— account of $1 holders of record June Oct. 3, '42 j Dec. $0.37 Ended * class $8.78 $0.55 . , cumulative $4 to on ; Co.—$1 Dividend— value,. payable par $2 15, Feb. declared $1,692,799 253.844 85,920 » $2,610,536 .' 183.005 501,232* - v Great Atlantic & Pacific Tea directors $1,386,473 253,844 514.312 common "Includes $499,442 $290,089 $7.88 $0.72 • ' The 634,568 dividends Earnings per 15, 1939.—V. 156, p. 605. "Loss. * 226,467* 245,950 "1,072,625 *1,143,122 etc.— taxes dividends pref. standing 230,500 Hathaway Bakeries, Inc.—Earnings— Net $2,534,491 (R.) Hoe & Co., Inc.—Tenders of Securities- 1941.— 14, $2,775,546 $1,248,937 State Shares 261,000 147,700 $9.95 V : 20, $3,148,028 Surplus $328,750 have 1, 83,274 52,262 _ share- made May $2,524,616 $2,451,217 143,763 Income Conv. : 1416. p. on March on . quarterly dividend of $1.25 per share on the $5 stock, payable Dec. 31 to holders of record Dec. 18. distribution of 50 cents per share also was made on the common cumul, V. of 691,107 $2,631,783 _______ int., disct.i & Net 50,175 100,000 223,000 146,400 143,000 — payable were $3,868,325 696,405 : 647,304 729,347 717,114 28,682 stock, payable Dec. 22 to holders of record Dec. 11, common the and Cash Fed. and prof, tax accumulations value, 1939 1940 $3,871,671 201,970 — income Gross . tions The 613,902 21,829 directors 1416. $2,946,058 profit income Common per com. share156, p. 1327, The ' 40% of sales_j admin, exps. gen., response taxes manufacturing and (& Subs.)- -Earnings— 1942 1941 $4,329,059; $4,285,572 869,802 877,298 ,'513,199 776,491 Sept. 30— expenses. Operating $1,757,881 129,405 Hartman Tobacco Co.-^Accumulated . for income Provision the $1,279,976 22,254 taxes— pfd. . , Corp. for many years has been plant emerg. per < Oats,. Heckers H-G profit on Other , bottles. (2) Gross $6,114,391 4,356,510 4,586,915 335,352 3,212 Earns. V, taxes. Federal income Francisco. Ilershey Chocolate Corp. 1942—9 Mos.—1941 $5,866,891 $867,904 — income Earns, $184,680 $0.13 $139,774' $0.10 —; ——. share per thereof;", earnings record, of excellent Shipping 1942—3 Mos.—1941 $3,031,210 2,163,306 ' exc. $3,000,000 was'obtained from-bank loansrepayable in equal semi-annual v with the right to the corpo- ; per'annum, anticipating payment:of the whole or any part of the admin. income 3% Minneapolis, Kansas City and Indianapolis.—V. 156, p. against as of Cream Farina and Force, breakfast foods; Presto Self-Rising Cake Flour;, three brands of family flour^- ; Heckers', Ceresota and Aristos, and the Shinola, 2-in-l and Bixby lines of shoe dressings. .Mills and plants are located in Buffalo, . 2,207,774 " Federal for Prov. Net Net Earnings share, per has ; period of seven years, a Hecker Products 16. was 'paid on share per $2 corporation this Foods; Co.—Earnings— — for State 1941 $233,574 —— — — 30, operation; effective more Best rate over 3 Mos. End. total 3747. facilities '* cents 50 will 1942 > p. profit income Prov. 1942 year: Sept. for the quarter ended In emphasizing the investment .value San dividend of $1 per share payable Dec. 16 to holders of dividend of 25 cents per share, Pay. under pension plan Amort, Quarter Ended Sept. 30-— of dividend year — adv. ~<& expense Other $45,778,688 $44,075,224 Goebel Brewing Co.—Earnings— Federal This additional amount $2,899,384 sales Selling, 514 p. the — of Cost 5,956,851 2,500,000 7,500,000 , fiscal a ended .of the acquisition, Mr. Wardall ; The Besr Foods,. Inc., pointing , out that in the six-year period ended June 30, 1942, the average : earnings of Best Foods, Inc., before the payment. of income taxes, were $2,424,421, and after payment of income-taxes, $1,685,471.'. Since 1923 Best Foods has been engaged in the manufacture and sale on a nation-wide basis of Nucoa, the vitaminized vegetable mar- ' garine and the Hellmann's and Best Foods line of mayonnaise and other food specialties. It has plants in Bayonne, N. J., Chicago, and , listed year-end value, quarterly Period End. Sept. 30— 500,000 7,598,487 securities; of value , General The interest Sell., 790,000 500,000 Capital: Total for Hamilton Watch for conting., incl. fluctuation reserve market in 290,000) __ unpaid and declared regular A a par no 1941.—V.. 151, In $1,50 —_—!—1,185,000) taxes— for Reserve stock, 1. Dec. Dividends Reserve and excess Inc.—-Year-End Dividend— declared have common special year-end 19, last year. Dec. claims and claim expenses for is year quarter and that financing the purchase, an recently declared, is payable on Dec. 1 to holders of record Nov. Liabilities— Reserve directors the record $45,778,688 $44,075,224 —— $1,342,687 surtax) and (normal (1941—$576,767). Hale Brothers Stores, on A of in distributing 215,827 573,961 — Total income profits taxes of $1,464,692 for the 12 months ending Sept. 30, For comparative purposes Federal income and profits taxes for each month of 1941 have been restated to give effect to the Revenue Act enacted in September, 1941.—V. 156, p. 1327. 1942 3,398,083 accrued———_— and assets admitted Other due rents and Interest Federal 1942 $782,213 stock and surplus— common for of interest the instalments excess The 3,504,522 —_ tax the for accrual from at being spread monthly upon the basis of taxable income. The amounts above for Federal income taxes include provision for estimated not more than -—_ 584,968 requirements—— excess 1941 $3,538,299 25,417,435 10,431,617 500,000 —_—— Real of $1,927,654 584,968 • required under the proposed 1942 Revenue Act. 30 Sept. —— 1,500,000 $0.22 Foods' Corp. for $5,500,000 the latter's 29% •*: Inc.',.rit was. announced- on NoW.c20 by . William J., Wardall, Chairman,of the* board^of Hecker- Products Corp., : which had previously owned 71.% Jof the Best* -Foods stock:" k . . : shown 1942 a; ^ Foods, purchased profits taxes are based upon the 1941 Revenue Act plus an added pro¬ vision of approximately $645,000 for additional taxes which may be Sheet— $3,335,441 Government bonds :' 27,956,296 bonds, pfd., com. & guaranteed stocks.- - 9,531,264 estate ■ -_u—— 500,000 banks for "Accruals is in $324,116 1,500,000 $0.10 of period— end 1942, tax ration Balance provision has been made for United States income and excess profits taxes in line with the tax bill just passed by Congress. %The company also has set up other reserves in view of the uncertain¬ ties of the immediate future.—V. 156, p. 1049. . $185,994'. $1,367,180 103,156 $125,495 — - dividend Preferred Ample Assets— at 1941, 30, In Balance from operations, depreciation, and taxes, but would not alter net income for the period since earnings of foreign subsidiaries are not included in net income until realized in U. S. dollars; increase profit Cash 70,244 $155,534 outstdg. ' $3,181,487 1,253,832 $289,150 102,141 . . $2,600,455 1,233,274 $227,636 1 and amortization— Ipt. Globe Indemnity Co.—Balance 48,534 provision— tax _ 1,059,511 $299,410 266,250 $394,360 ending June 30, and , 1941, was based on Sept. 30, 1942, 1 on the Revenue Act of 1942.'" No provision by the corporation and its consolidated subsidiaries for Federal excess profits taxes is con- sidered necessary. The tax year, of The<iBest Foods; Inc.,-ist the calendar year, and its Federal income and excess profits tax reserves 1 were provided under the Revenue Act of 1941 forthe .quartervended ; Sept. 30, 1941, and the Revenue Act of 1942 for the quarter ended Sept. 30, 1942, ^ 1,533,814 158,782 88,750 Inc., paid in dividends during the quarter ended approximately 95%, and during the quarter ended approximately 61% of its earnings for these respective periods after all charges. >" - Reports (3) a——* Inc share— per Sept. 30, "574,961 673,216 55,972 129,534 262,553 revenues—_ oper. Balance $2,333,336 $2,265,036 — _ from a number of foreign subsidiaries for the period have not been received; It is expected that/such reports would tend to (2) ► taxes. from Best Foods, stock com. ownership ! $128,110 ■ profit of Sept. • 96,612 Other income 602,386 »• 690,664 1941 $115,318 and Inc., Acquires Complete Control of The Best Foods, Inc.— $1,730,950 $1,574,372 America Earns, realized in U. S. dollars from other business done in foreign countries; Latin to income Note—Corporation's 2_—133,650 taxes, income Other taxes North America and done in bus. exports ; "Federal - 1942 - . $204,068 "The per $1,086,703 $12,425,292 $11,406,314 342,296 4,079,576 3,677,927 50,572, Maintenance 30— from Best Foods; the Revenue Act of 1941 1942—Month—1941 $1,089,059 317,393 —— —1—— Operation $2,333,337 $0.60 follows: as Earns, cents 25 Gulf States Utilities Co.—Earningsperiod. Ended Sept. 30— Notes—.(1) The sources of the above net income were of 1941, an extra of 50 cents was disbursed.—V.. 156, p. 695. 15, Sept. rec. Federal Earnings dividend extra an divs. $233,361 the 2,841,653 $2,265,037 $0.58 i for period- income Net declared have • Total Net Operating revenues Amount 239,924 the usual quarterly dividend of like amount on stock, par $25,'both payable Dec.* 15 to holders of record extra of 25 cents was also paid on April 1, last, while An Dec. on 241,713 4,379,992 ___ bef. "Dividends received addition to 1. Dec. and Foreign and domestic income, excess profits capital $6,858,314 213,285 237 176 $162,251 directors in common , 1941 $5,416,703 1942 operations the Subs.)—Earnings— (& Sept. 30— 11,101 Ended Months before 91,358 9,036 Gulf Oil Corp.-^Extra Dividend— The Safety Gillette 90,483 865. p. quarters.—V.'155,-p. 1920. Ilecker Products Corp. (& Subs.)—Earnings3 Prof. Shs. 1941 1774. p. 9 Mos. Ended S. $575,745 — June on Share in preceding per 71,239 $498,945 —, made was 682,102 70,525 Federal income share U. $1,294,590 "725,120 debt discount, premium (net), and expense, etc., of subsidiaries——_ Minority interest _ Int., amort, of debt disct., premium (net), and expense, etc., of company..—____—_ ,— Jan. 1 to Nov. 7 1942 1941 revenues 156, Profit 1941 $1,329,085 1942 , , 15 to holders of record Dec. 1. A similar 15, last* as compared with 75 cents payable Dec. par, no distribution of amort, Int., Net Wk. End. Nov. 7 1942 income Gross RR.—Earnings— Florida & M' share has been declared on the common of 50 cents per dividend stock, deposits, $18,933; Georgia —V. Sept. 30—, Operating expenses,'maintenance and taxes— Provision for depreciation & retirements—'—— billed services $6,025; property, - Ilazeltine Corp.—50-Cent Common Dividend— A Gross earnings Total, $1,081,968; surplus, - « • -> earned $79,607; surplus, 156, p. 1238. < r ferred ,charges, $33,587; total, $18,770,402. Liabilities—Long-term debt, $8,982,700; accounts payable and ac¬ crued expenses, $65,211; accrued interest payable, $49,329; provision for Federal income taxes, $172,176; other accrued taxes, $75,724; dividend payable or accrued on preferred stocks of subsidiaries, $8,183; funded debt called-for redemption or maturing within 12. months, capital borrowed its of $5,189,700.—V. which doubt of expenses $333,000; explained that this transaction was designed to remoye any might otherwise exist that the indebtedness was a part capital within the meaning of the excess profits, pro¬ visions of Federal tax laws.—V. 156, p. 1689. The road Prepaid expenses, $14,939; unamortized debt discount and subsidiaries, $78,996; unamortized rate case expense, unamortized cost of obsolete property, $19,328; other de¬ $143,302; Monday, November 23,, 1942 CHRONICLE THE COMMERCIAL & FINANCIAL 1864 on •- Volume Number 156 THE COMMERCIAL & FINANCIAL CHRONICLE 4127 Hoskins Manufacturing Co. —Earnings— 9 Mos. End. '1942 Sept. 30— Mfg. profit bef. deprec. Sell,, gen. & adm. exps. $1,289,894 inc. $726,938 197,570 174,263 $924,729 $529,367- $375,455 15,930 8,914 12,522 32,358 $549,718 > - N. way, $1,181,444 256,715 bonds- and on $1,035,758 Prov, for drawn for, Prov. for inc. oper, $407,813 30,034 30,608 198,050 121,000 61,750 Depreciation , i. "508,080 ________ 261,045 Operation Net profit profit per __________ -"Post $327,440 .... I;,,'- $450,870 share___ $0.68 $0.94 refund of war excess State, $390,855 $315,455 , $0.81- Fed. Balance Sheet, 1942 1941 $653,797 fNotes and accounts receivable—261,322 Sundry accounts receivable-.— * 808 bonds Accrued 416 machinery, marks-// etc. ' 4,489 492,186 26,720 $2,640,292 - payable ——_ dep.—War Bond purch—. ICapital $96,945 517,103 '618,956 667,115 Net tax $2,783,086 by 480,000 shares capital stock, par $2.50. tAfter re¬ serves of $3,500. "After reserve for depreciation of $305,416 in 1942 and $288,693 in 1941 Slncluding excess profits taxes and after deduct¬ ing U. S. treasury and tax notes of $506,200.—V. 156, p. 430. - of capital stock, par $5, 155, p. 362. ■ cents payable Dec. V. share has been per to holders 18 118,750 of declared record Dec. v-V. / per 10.— Operating allocated income Operating revenues Operating expenses "Federal Other $605,589 — 1.166,556 taxes——. taxes Prop, retir. approp.. - 2,065,508 871,036 94,506 944,092 581,300 Net oper. revenues— $184,833 (net)_— $143,167 231 V 303 / > , $1,758,003 $3,502,074 $6.21 ■ entire calendar year Additional for Gross , - Int. . Other Z. income on and $185,064 $143,470 $1,761,664 the 1942. year Such deducts. ^nt. chgd. to construe,. Cr.163 Cr.2,937 $620,493 280,786 123,596 " Net income ./ Cr.108 $126,568 $79,302 preferred stocks—— —— applicable to /Z^./^Z-v/ ■:'/-'//:-/ $7,542,946 3,001,784 572,392 1940, '1,066,873 481,401 for * ; 65,184 125 -125 1,500 2,719 $176,816 $206,446 256 $2,065,821 / ' 2,134 $206,702 $2,067,955 (net)— " 170 / f $620,238 ! Indian Refining Co.—To Retire Notes— company on Dec. 1,^1942, principal and interest on its 5% These notes dividend. - $229,368, year, was issued were of As $2,505,696 date of dividend 1937 notes holders to of will dated Dec. 3, the as dividend cumulative record June of 25 class Dec. 3500. p. cents ■ ; . A stock, 24. no Similar value, payable Dec. par distributions 31 made were the on to $2 holders 1941; none since.—V. 152, Dec. dividend of 25 a cents made 1941.—V. 12, 180,000 229,652 . 229,444 on 156, p. July 17, last, and 1775.'. ./,./' on May A Oct. Income common Prov. addition the on 7.$127,718 ■ ~-.$652,589 would have been for required the ending years from >' 1942 V Net p. ; 15, 1941, ' operations $528,411 3,485 _______ 72,384 Fed. & shares 76.9 dividend of 81.27 final $482,854 on Nov. 10 cents paid on 76.828 cents to holders April May 10, on per share of record last, 30, Oct. 77.438 242,708 above 1941.—V. 156, p. on This 10, before and provision for 30, Provision Other SEC tion 11 of new a Nov. on modified plan 14 of ordered company a hearing Nov. 24 to effectuate the on amendments provisions of to Sec¬ (B) sonville of the Holding Company Act, which includes organization corporation under the laws of Florida to be known as "Jack¬ 55,844 14,971 $30,388 . Corp." approved the plan last May with certain reservations, after counsel for the Commission made application to the U. earnings of Julius Kay¬ been appear The Commission's directed present order said that particular attention will whether the proposed first mortgage and deed of of incorporation and by-laws are necessary to carry out the terms and provisions of the plan as approved by the Commis¬ sion and the court, and (2) whether-the mechanics of consummating be to: (1) trust,- certificate the plan and the proposed modifications are necessary to carry out its 156, p. 1608. provisions.—V. V//::, ' The account company of has called the sinking fund, for redemption aa of Jan. 1, 1943, for a total of $53,000 of Indiana County 1st 1940, holders of income 483,045 /. provision 1942 paid was extras an on Dec.. 22, last 25 cents of each1 year; be to with 31% a for Federal'excess liable in income taxes rate profits tax this respect.—V. 156, based is for 1941. 1941 $3,628,687 3,012,614 expenses 286,312 — ■ 253,907 $1,332,528 _ $362,167 2,175 3,891 $1,334,703 $366,058 1,000,980 _ 167,579 / " - deductions for 2,408 Federal income reserved for taxes—est post-war dividends while cash _ adjustments- 75,000 ______ dividends on $196,071 $0.29 stock in stock common Balance $258,723 _ preferred on Sheet, 1942 $0.16 amounted amounted Sept. 30, Government Other $368,418 - $54,105. ' $991,875 1942 ___• : • bonds 77,000., 701,135 receivable on No a assets / •Property, plant and equipment (less res. for amortization $239,376) Deferred charges *1942—Month—1941 ;': "Federal Other "I. _____ 3,277 taxes_ 6,342 Net Other oper. Accrued Federal */ and taxes Common on (par 39,267 60,293 37,049 46,956 33,065 $7,272 revenues- ■. $8,538 $87,318 $87,272 287 Br536 -6,511 $7,297 $8,825 $86,782 $93,783 1,811 Balance Int. and 1,905 22,893 23,848 amortiz.-—_ Balance $5,487 $6,920 $63,889 requirements—— $69,935 24,374 Balance ' $39,515 "Accruals profits for11942 taxes? Federal based are income upon the (normal 1941 and Revenue being spread monthly shown above income taxes include surtax) Act plus added an reserve record and Nov. Sept. payments $3.50 the 20. Similar 1, last, of $1.75 per 7% while each share has been declared payable Dec. distributions March were 411,463 depreciation of $744,990.—V. Net inCi bef. Fed. Net income Earns, com. $601/400, - 1942 of —V. $3,127,195 ^ .919,081 270,598 taxes ___________ per -Note—Taxes by 1942—Month—1941 - on 1 to account 156, p. 1328. 431, was ,share_ for amourit passed. is not "549,592 9,644,257 6,225,400 242,421 3,003;540 2,660,716 $0.51 $6.39 $0.58 first the which nine was months in the of determined This adjustment reflected AZ' "Z* Z/.vZ*'.' 1942—12 Mos.—1941 was 1942 when were - the $5.79 ; -overprovided Revenue' Act to the prior month's the month of October, made earnings for 156, p. 1504.. , . Lincoln Stores, Inc.—October Sales Up 39.65%— Period End. Oct, 31— Sales 1942—Month—1941 Star Lone The share directors the on Gas the $759,972 $6,180,991 $4,876,265 had 16 stores in operation as month last year.—V. 156, p.. 607. company same Corp.—20-Cent Year-end Dividend— have declared Similar record on 22 and Aug. year-end distributions April 22 and Aug. 22, last. 25. a of dividend of-20 cents per stock, no par value, payable Dec. 15 to holders common of Nov. 1942—9 Mos.—1941 $1,061,291 — During October, 1942, compared with 14 in the 22, 20 cents were made on this issue Payments during 1941 were as follows: each; and Dec. 20, a year-end of 30 .. , of holders were made on March 2, 1, June 2, Sept. 2 and Dec, made.—V. 156, p. $2,090,106 $30,180,904 $19,627,953 cents.- pref. A stock, on for -sales April $3.50 Accrued Dividend— on '778,494 provision for estimated profits taxes for each month of 1941 have been restated to give effect to the Revenue Act enacted in September, 1941, of 1,072,800 - ______— Period End. Oct. 31— Net $45,561 and.excess profits taxes Of $18,294 for 12 months ending Sept. 30,- 1942 (1941—$1,139). For comparative purposes Federal income and excess dividend $1)_ (R. G.) LeTourneau, Inc.—Earnings— excess accumulations 75,000 : $3,851,461 -"After upon the basis of taxable income. The amounts Federal for 1,054,808 24,374 provision of approximately $18,000 for additional taxes which may be required under the proposed 1942 Revenue Act. This additional amount is adjustments_____ '/■ Total total-and Preferred dividend post-war /, „ surplus' 38,332 v 25 (net).— —.u. 79,835 5,485 f. 75,895 fest.) for reserve stock $383,002 insurance— income surplus 20,379 ; 3,263 'r /i'V' a-ZV;/:.'.:., ; payable .'w— taxes Contingencies V $295,931 107,771 .,19,271 3,578 — income . ■ 1941 3,149 - income taxes $360,875 1,099 39,924 $3,851,461 ' 1942—12 Mos 7,989 —— 266,630 Z'i'ZZ $29,953 10,455 1,174 ___________^ Depreciation ; $31,669 revenues 26,524. 804,271 _______ —— 40% provision 944,102 >' Patents—at cost Accounts to to •; : S: Accounts 696. p. and 1 1942 Assets—v ' U. the companies do not as of one July on (& Subs.)- -Earnings— income 161,865 $1,074,258 Federal compared as made for In record 4,421,705 general Cash $1,021,245 / 490,962 ' 631,169 taxes the was 1775. Consolidated V/Z/.:/ Key West Electric Co.—Earnings— /■ A Jefferson & Clearfield Coal & Iron Co.—Bonds Called & Capital provisions. plan share per 20, 156, p. sold__„_ Earned S. The Federal Court recently, filed its order approving and directed Jacksonville Gas Co. to take certain necessary steps to carry it out. -The gas company accordingly has filed three amendments to its original application setting forth the proposed steps, and it is with these ,that the Nov. 24 hearing will deal. the adm. $18,375 and profit after all charges for District Court for the Southern District of Florida to enforce its terms and " i / $6,040,544 $120,220 ./■.?■'/'■ ;v\"/Z •, for Note—The Gas The SEC which Sept. 15, last, Payments during 15, 25 cents each; on , to 1 Net profit to surplus— Earnings per common share___— '659 " • The paid 1942. Sept. 30— Z Liabilities— Net -. the $1.25 Dec. goods Amount 10,989 $259,987 depreciation 1608. Jacksonville Gas Co.—SEC's Hearing Nov. 24 on Plan 15, $191,693 . 61,943 ;rtaxes:/7«--v-T—^7/; $2,188,473 Operation with June Operating profit Kayser-Bondor, Ltd., of England.—V. 156, or Period, Ended Sept. 30— 1941, of on of Prov. 3,318 v Depreciation payment of compares Nov. per share and payable' Jan. issue, same 1940.—V, Selling, 1939 $106,637 145,906 figures do not include the /////V: has paid on the American 31. cents 16 March sales' Cost Keith-Albee-Orpheum Corp. (& Subs.)—Earnings— ,Z Z, t * / ■ Z, Oct. 3, 1942 Oct. 4, 1941 / was the Note—Cash (Australia)' Pty., Ltd., 1151. -income of ' * $213,302 Maintenance cents March on Kingston Products Corp. 39 Weeks Ended— . Act of 50 cents per share has been declared on payable Dec. 23 to holders of record Dec. 11. regular quarterly dividend of 25 cents/per share 9 Mos. End. Net Dom. income Operating A Tax Inventories : Italo-Argcntine Electric Co.—Final Dividend— 1, Other 1940 73,476 __7— rate a $33,429 June 1, 1 1941, Special Meeting Dec. 17— The nf has notified stockholders that a special meeting Del., has been called for Dec. 17, next, to vote upon a corporation at Wilmington, ninn reorganization. "The plan proposes distribution of ^ liability any Profits ;, extra cents Oct. .. April 1, July 1 and Oct. 1, 1941, while on Dec. $1.50 per share was made.—V. 156, p. 783. they have Excess / - 1941 . 17 for Profit The directors have declared a dividend of 50 cents per share on the capital stock, payable Dec, 15 to holders of record Dec. 1. Similar distributions were made on April 1, July 1 and Oct. 1, last, and on that the dividend II.'/- An 50 ,/ Sept. / extra Dec. $1,035,666 bonds retired and other related items resulting 1942, respectively.—V. 156, p. 1328. taxes - //"'■'■■/,. /;■ \//:/;;; International Salt Co.—50-Cent Dividend— consider under stock, /. 520,784 Depreciation and Internationa! Industries, Inc.—New Directors— V' each follows: as $1,556,450 Interest of .Preston R. Bassett, Vice-President of the Sperry Gyroscope Co., and Aubrey L. Ashby, Vice-President and General Counsel for the National Broadcasting Co., have been elected directors, succeeding John Bradfield, who remains as Vice-President, and Reade H. Ryan.—V. 156, p. 431. / ,-/i 7 ■■ ■■■/ .7., •: cents were applicable to preferred stocks:—~* 520,784 : similar 17 $33,429 not tax, This compares with 30 cents 35 055,070 Note—The 16, do Kimberly-Clark Corp.—Extra Distribution— - (Julius) Kayser & Co. (& Subs.)—Earnings— the on stock profits 156, p. 696. $1,173,373 income ser share per stock, payable Dec. 11 to holders of record Nov. 27. was <'■ "180,000 18,984 $97,938 . 3 Mos. End. Sept. 30— 31, .> 122. p. preferred companies excess _ non- March on $282,402 Operating profit plus other income________. Interlake Iron Corp.—25-Cent Dividend— The directors have declared distribution 15,000 540,000 upon the laws in effect at the end of the respective additional provisions of $106,000 and $578,000 for taxes based 1941 and '//./' ,'.;7 y-;./; '7 share has been declared per 30, Sept. 30 and Dec. 31, common ;? 540,000 (based a 31, 1941, such notes outstanding amounted to including interest. The Texas Co., as of the end of last the owner of 91.2% of Indian Refilling Co.'s outstanding 152, 2,248 —$284,519 — on / Cr66 15, June 16 and Sept. arid Dec. 15, 30: cents.—V. 156, p. 1504. • • company in 1940. If adjustments were made exclude the effect upon taxable income of such extraordinary deduc¬ on 1937. stock common 1,832 Cr 198 income periods) pay. off Industrial Acceptance Corp., Ltd.—Resumes Dividend A 15,000 19,048 •" ■45,000 / deducts.-* 45,000 chgd.* to construe— tions / maturity, 4,884 on Nov. 17 declared a dividend of 25 cents per share the capital stock, no par value, payable Dec. 15 to holders of record 1941 ' Dec. stock.—V. common in and / pense, call premiums on from refinancing by the to The an Nov.; 28. The provisions for Federal and State taxes.based upon income set forth in the above statement, reflect the effect of extraordinary deduc¬ tions for income tax purposes of unamortized debt discount and ex¬ -/'.: 6,942 10,500 Cr4,133 interest————— The directors on 8,763 .,, $973,759 2,784 7,126 Keystone Steel & Wire Co.—25-Cent Dividend- - $2,496,933 , . " provisions for Federal taxes of $35,200 for the current $291,400 for the twelve months ended Sept. 30, 1942, addi¬ tional to the amounts required under the Revenue Act of 1941.—V, 156, p. 1327. 11,342 1,511/ ' limited-; •Includes* provisions for Federal taxes of $28,742 for the current and $204,504 for the twelve months ended Sept. 30, 1942," addi¬ tional to the amounts required undqr the Revenue Act of 1941. and 200,000 840 ... ...... amended, for the periods covered by this statement. Provision income tax for the period from Jan. 1, 1942, is based anticipated increase of approximately 307© in the present tax as rate.—V. month •Includes payable Federal upon /Balance 414,342 on; income Federal -.An $1,388,101 200,000 notes charges— to construction—.-.-. income deductions.-———— Note—The for ; Net $512,085 charged Dividends 810,345 233,166 installment Miscellaneous 705,000 Dividends 105,625 $1,034,580 414,342 Balance month Interest additional 551,900 debenture bonds ■ 42,538 $500,645 assumed 664,468 on ' Dividends Taxes 742,500 ' „ mtge. bonds— • $469,547 42,993 Amortization of debt discount and expense—.. current Cr.6,919 - 106,833 mortgage bonds declared 675,000 8,081 675,000 55,021 *"■ 2,354 > on $2,161,807 56,250 •,'••• 56,250 mtge. bonds.., int. 91,550 113,071 income (net).— on Interest 55,572 int. 170,214 taxes-———.——..—.. income Interest this statement.—V. 156, p. 1151. on Gross income -1—r. $176,986 Int. 66,085 122,999 $457,653 other Other interest which to for accruals Gross 60,000 income Other _______ . Operating income 57,758 of on 5,356 : '/> $5.31 1942—Month—1941 ■1342—12 Mos -1941 —_ Int. $2,156,451 3,661 • 114,407 133,292 \; $3,029,474 Total other 534,408 92,825 . of prop- Provision the $701,582 —— Int. Other income — 68,592 for 1941 $1,505,828 ' 124,354 29,398 ' ,j' par asso¬ 12,090 and "? an —_ ; 66,628 1,027,146 675,000 — _ plant-and oper. "revenues— Other and no addition 1942 644,858 equipment.. Provision for Federal incom^ ■taxes——— erty, investments—— Net 1,376,344 In $1, 736,266 ■ Provision for retirement (depreciation) $6,701,441 2,040,239 - 58,300 - $6,793,678 135,494 65,176 res. $605,722 182,555. ciated company Maintenance i 216,609 '62,500 term 50,000 , , 130,724 > Sept. 30— operating revenues. Operating expenses— $257,370 over rates tax Sept. 30— expenses "Federal taxes 1942—12 Mos.—1941 27. the 12 Months Ended 5,484 applicable. were Prop, retir. res. approps. .1942—Month—1941 Nov. in 2,144 $240,661 revenues..— Amortiz.' paid _—— - separately stated Period. Ended :•/?-/■ each capital stock, record Crll4,130 sh been in are Operating cents the on of Crll4,130 5,914 ——• adjustments increases 25 dividend of $1 per share share anticipation of increase in tax have rates holders to Keystone Public Service Co. (& Subs.) —Earningsr— 216,609 CY9,511 1,990 _____ com. in per 24 Total Net Co.—Earnings— Period Ended Sept. 30— -18,051 Cr9,511 Other taxes Idaho Power $5,127,544 1,425,000 premium income special a cents 34,376 $4,635,671 1,425,000 25 Electricity purchased for resale from interest, net— the on $5,093,168 Dr79,250 , Kansas Gas & Electric Co.—Earnings— Ilygrade Food Products Corp.—Initial Dividend— 30 118,750 net provisions . of $392,288 $4,714,922 periods have been made on the books of the company in anticipation {Represented dividend $375,855 deductions such $2,640,292 S 326,955 rates. '/" Note—Federal income taxes for current periods are based on rates imposed by the Revenue Act of 1941, /For comparative purposes, adjustments made in earlier periods, to reflect successive changes in 1,200,000 - of Earns, 328,427 §339,808 / _ initial Dr6,762 declared preceding three quarters of this year, the company made the following special distribu¬ tions: March 31 and June 30, 25 cents each; and Sept. 30, 50 cents. During 1941, four regular dividends of 25 cents each were paid in addition to the following special dividends: March 31, 25 cents; June 30 and Sept. 30, 50 cents each; and Dec. 24, $1.—V. 156, p. 1417. redemption "Accrued .1,200,000 stock Total An $399,050 Z)r3,163 outstdg. bond issue on $70,441 6,871 377,711 . taxes—.—2—_ Surplus $379,017 $2,783,086 Accounts 1,527,789 391,261 18,051 General : Accrued expenses Provision for Federal 35,371 43,641 incomes(net) and Amort, Liabilities-— Empl. 61,801 1,645,737 632,018 directors have regular dividend of value, both payable Dec. to regular dividends of premiums on refunded 1 25,026 The a in¬ Issues 506,848 1 / ——— 130,487 ——1_ long-term debt of debt disct., on Misc. Total Federal income exp. 7,012 5,532 Deferred charges <•' 137,549 income Amort, 61,651 <■ 11,817 - and trade Int.. . * : banks buildings, Goodwill 1,710,034 profits taxes taxes Gross 1,285,582 37,064 receivable closed 1,703,366 $1,500,000 at the market. $1 Special Dividend— in¬ taxes—-- oper. Other 201,407 securities—.—869,650 stocks-. interest Claims in ■'Land, and 145,683 m. and was completed in 24 minutes. The priced at 30, with a commission of 40 cents There were 305 purchases. The shares had a a. were total money value of misc. state 10:59 share. a 2,200,263 180,703 '284,090 Government Other Net $508,257 , Inventories S. 2,191,071 Z'..Z?,' Sept. 30 Assets— U. 184,311 141,354 and excess 1942—12 Mos.—1941 182,131 — taxes ■"Additional profits tax has not been capitalized. 64,230 and come $0.65 Cash at shares $1,553,349 $19,161,486 $18,263,352 585,167 7,011,400 6,604,970 73,280 871,711 800,173 612,903 ; local Federal — come' - $1,622,625 _/ .issue, previously 1302, 154, p. Co.—Earnings— 1942—Month—1941 Maintenance Federal Net revs $541,889 174,650 tax V Period End. Sept. 30— same still unredeemed.—V. were Kansas City Power & Light ■. 23,677 Federal excess profits taxes redemption, $933,643 - Kennecott Copper Corp. — Special Offering — A special offering of 50,000 shares of common stock (no par) was made on the New York Stock Exchange Noy. 13 by Smith, Barney & Co. The offering was announced City. 25,587 __________ Fed. Y. On Nov. 13, 1942, a total of eight bonds of the , Total Profit Depreciation 1 Payment 1939 270,066 miscellaneous , 5%.sinking fund gold bonds due July 1, 1950, at. J00 and int, will be made at the Guaranty Trust Co., trustee, 140 Broad¬ mtge. " •1940 $1,019,828 Operating profit Net 1941 1865 stock of ,,. Natural Northern Co., Gas by owned now Star, Lone as earned dividend 18, for a —V. Dec. 31 to holders of record Dec, 1942. Distribution would be on basis of one share of Northern each 18 shares of Lone Star.—V. 156, p. 1776. to payable holders, Star Lone Louisiana Power & Light Co.—Earnings— Subs.—Consolidated Income State¬ Operating revenues Operating expenses ment— sales — 272,519 Net 100,540 164,715 193,203 dry deductions) sales for Prov. $46,910,742 _ of future $32,009,930 $59,795,612 $40,171,007 26,457,203 45,732,531 32,894,984 Unreal, loss fluct. Can. norm. inc. & surtax 743,171 880,657 28,131 1,284,395 prof. tax___ 7,340,703 1,697,378 8,770,907 2,086,588 and excess ______ Domin. i inc. profits Net Shs. 125,500 of 170,400 167,100 $2,172,824 $2,676,684 706.859 stk. com. 684,462 706,859 Consolidated "Receivables Cr5,384,275 9,098,419 410,157 8,648,022 222,635 __ Inventories "(Securities owned Accrued on Deferred Real equipment and —— charges receivable Notes — on contracts war plant ^Property, cost at receivable interest Deposits — ______ after due purchase contract notes estate i---— $33,402,409 $3,472,746 353,429 455,682 §5,478,547 199,722 269,106 for for Reserve capital stock taxes :—social security taxes—— future inventory price de¬ stock Common Earned (718,066 par no surplus (par $100)—_ shares)— —.— . (at cost)— ____ ^Preferred stock in treasury in stock ""Common 624,668 135,133 3,180,000 10,690,745 8,697,523 Dr80,640 £*175,419 exchange—r. treasury (at cost)—— Total — for reserve of receivables in income revenue from consumers' long-term debt— transp. debt __ 195,280 $2,372,281 1,158,292 $52,755 * 325 $1,213,989 659 $1,214,648 . 607,627 intangibles), (including capital stock of affiliated company, $2,440; contracts, $15,770; cash in banks and on hand, appliance in 64,794 66,712 bonds, series A, due (banks), $132,000; accounts authorized instalments on serial obligations assumed, $241; accrued interest on long-term debt, $3,562; accrued interest on other debt, $1,991; accrued taxes (local, State and Federal), $127,830; other current and accrued liabilities, $4,551; consumers' meter and extension deposits, $53,218; unadjusted credits, $15; reserve for retirements and replacements, $782,765; reserve for renewals and repairs of gas benches, $42,039; contributions in aid of construction, $1,451; capital stock (outstanding 60,962 shares of $25 par), $1,524,050; ?arn<>d surplus, $429,930; total, $4,097,610.—V, 1, $607,021 "$11,714 $203,574 and exps. 1942—9 Mos.—1941 $78,035 $79,908 1942—3 Mos.—1941 $26,050 $28,740 gen. — 9,206 9,062 28,065 25,261 $16,844 412 * Balance income $19,678 2,838 $49,969 26,284 $54,647 14,041 $22,516 $76,254 $68,688 10,705 26,250 $17,256. . . dry depletion, Deprec., holes, leases forfeited, 10,989 etc. 13,500 5,000 taxes income 38,049 Federal "for, Provision Net ■ balance $43,966; due on 697. 156, 697. p. Dividend— dividend stock, dividend' sheet final distribution six with quarter. last 15, cents share has been per such directors The the each- July on 1, $1 29, 1940.—V. declared 17 payable with compares Aug. Nov. on Dec. paid 1941, 156, on and of dividend a dividend to which surrender of the cer¬ for the amounts shown opposite their respective names on the list. Any amounts not so paid within a period of three months of Nov. 26, 1942, will be paid to the Minister of Finance from whom such amounts must thereafter $2 share per holders of record Jully 29, .last, $2 on Dec. on Dec. 27, 1940, and 50 p.' 1776. . directors have declared dividend a on Nov. 27, 10, 1941, cents on this of during cents 1941 each; were follows: as and Dec. 15, March $1.——V. 15, 156, B. Peckham, liquidator, notes'that after the certificate holders will have received S. amount of their certificates having Certificates in with accordance received have issued for 110% of original indebtedness, of Arrangement, holders thereof will of the original indebtedness.— been the receipt 58.65% of indebtedness. Scheme 64.52 cents on the dollar "Gazette.") (Montreal (The) Mead Corp. (& share per on and 16 June Sept. 15, discount sales—less Net sales—bef. depr. Cost of Periods Oct, 4/41 Oct. 3,'42 Ended— Period 10 Four-Week Periods Oct. 3,'42 $9,230,090 $10,253,330 $25,604,810 7,422,105 7,769,277 19,224,564 Oct. 4. 41 $24,019,578 18,663,773 633,046 635,792 1,671,883 1,558,082 $1,174,939 $1,848,260 $4,708,363 $3,797,723 Selling and adm, exps.. 1418. p. Subs.)—Earnings— 4 Four-Week cents 50 stock, payable Dec. 15 to holders of record Nov. 27. Similar payments were made on March 16, June 15 and Sept. 15, last. Pay¬ 50 report, face the . the capital "$87,931 the of claimed. Magma Copper Co.—50-Cent Dividend— The payment that notified are entitled will only be made upon the unendorsed, bearing the numbers and are tificates, of to 11 the of.this final dividend, Inc.—$2 Dividend Declared— stock, common This District of Court. the In Mack Trucks, fifst final A petition for the entitled thereto. dividend'sheet1 will ' be presented to the Superior of Montreal on Nov. 26 and after that date dividend, 2.7 cents on the dollar-of the unpaid of the certificates of indebtedness, will be made, subject objections, if any, as may be sustained with the approval balance ' be year. company's assets having been sold, a has been prepared, providing for a persons the the for distribution to the among of approval Court the of remainder The and they declared on the common payable Dec. 15 to holders of record Nov, 30. This distributions of eight cents per share previously paid In addition, an extra of three cents was paid on of $1, par each r .■* Montreal—Final Liquid¬ Holdings, Ltd., McD. and C. ating Dividend— of . Macassa Mines, Ltd.—Smaller A $30,639 $3.6,503 $11,810 $1,267 income —V, notes, payable $950,000; 1966), payable, .1,272 ....— income Oper. (1st mortgage 4>/2 % Liabilities—Long-term debt March ments Net equipment and $i, payable Dec. 21 to holders was Exploration Corp.—Earnings- Oil income..... 1942 30, and special interest deposits, $1,249; prepaid expenses, unamortized debt discount and expense, $10,031; maintenance progress, $78,029; retirement work in progress, $30,490; other deferred charges, $14,559; total, $4,097,610. $503,810 590,469 debt. Maracaibo Period End. Sept/30— Operating Other • plant quarterly dividend of 35 cents a par in work $502,725 1,085 $53,081 5, Dec. insurance 764,375 debt funded on Sept. at $4,902,151 of $694,258 in 1942 and depre- disbursed on Sept. 21, last, as against 50 cents on June 20, 1942, and GO cents per share in preceding quarters.—V. 156, p. 697; V, 155, p. 1840. $7,188; $1,267,100 85,560 common stock, A l.ke amount the on 16 declared Nov. directors on share record of the year accounts receivable (less reserve for uncollectible accounts , of $45,229; merchandise, materials and supplies, $202,498; $21,887; 1,083,528 $138,315 $270,286 — unfunded As 1942. investment long-term $9,730,576 7,379,949 $270,243 43 income income.— on $81,568 $60,962 for to amounted Sheet $6,749,669 348,218 2,353,548 jobbing operations. stock common on Assets—Property, $1 Int. 600 $93,345 and — —— - 35-Cent Dividend— per 609 471 expense.; 1 Sept. 30, $3,668,241; 61,549 49,132 Interest and 15,000 249,932 349,272 2,396,067 —.....——— surplus Creditors $319,376 revenue Taxes Gross discount —— 1,039,222 — : depreciation and amortization ciation of $600,310 in 1941.- 1,703 357 of par)...._ _—*. "After 914 1,749 — income Dec. Non-oper. income i deposits ($1 150,000 314,561 334,722 2,611,544 332,653 249,932 taxes.:— — stock surplus Total.'———— ■ $418,807 12,862 ' — Total 324,668 95,502 3,180,000 10.690,745 7,958,483 Dr4,200 Dr525,932 $1,111,566 $11,505,479 851,678 7,950,224 121,573 1,182,975 $1,390,540 937,337 133,828 Reserves : and cap. stk. inc. Fed. for Provision $408,223 67,257 — — 42,750 2,738 interest compares Operating revenue Operating expenses— Operating $128,144 42,750 . loans Balance 1942 6,277 40,258 coach operations. Net oper. —. $127,698 446 » $141,410 : — on ended Rev. from other rail and Depreciation $141,040 370 —j — liabilities Accrued $4,902,151 trade.........——— other.. ' payable, payable, loan $6,749,669 ——- - taxes 1942—Month—1941 1942—9 Mos.—1941 $1,350,249 $1,104,932 $11,309,711 $9,668,139 34 357 488 889 Period End. Sept. 30— rev. 47,318 Corp.—Earnings— Los Angeles Ry. Other and replacements. —_ bank 156, p. Passenger 61,471 155,298 46,748 68,889 156,131 taxes) "Includes net loss from merchandise $33,402,409 $28,535,921 — $560,676 Bank Earned ... income Amortization and $561,778 in 1941. tMarket value: $326,665 in 1942 and $534,472 in 1941. fAfter reserve for depreciation of $9,644,750 in 1942 and $8,871,766 in 1941. §After deducting U. S. Treasury tax notes (tax payment value) of $3,795,346. HRepresented by 672 shares (35 shares in 1941). ""Repre¬ sented by 11,207 shares (33,604 shares in 1941).—V. 156, p. 696. "After , -J-.-;. Account 1941 $767,154 375,940 1942 $828,850 415,471 , revenues on $27,747), contingencies— other for Canadian cumulative preferred stock 6%% charges Liabilities— the Revenue Act of 1941.—V. 156, _______ on Other possible and clines Reserve taxes income $744,285 —. Interest 163,444 206,674 Provision Federal for for —$564,581 assets Accounts Co.—Earnings— income operating Gross 2,941,900 Provisiori Provision 356,532 i; Interest $2,563,595 103,236 342,231 495,575 101,166 $1,100,817 356,532 30— retirements Non-operating $28,535,921 1 — payable—. dividends stock stock dividend Common 21,784 35,432 Deferred The Net 283,384 43,300 payable Dec. 1 Accrued State, local and Canadian taxes payable Preferred $921,113 — for Note—Dividends Accounts ______—24,859 ——--1 .... 77,965 Common (including Net Total $89,385 stocks——_ — Interest ______ 81,805 provisions for Federal taxes of $47,752 for the current for the twelve months ended Sept..30, 1942, addi¬ ______ 3,980 year one 307,653 Cr.1,700 1329. Provision 1941 $4,545,813 6,463,260 7,584,199 742,820 2,490 1942 $253,731 $1,095,372 — Govt, Intangible and $325,237 Taxes $12,220,851 7,040,101 9,661,487 350,347 securities--—__ 1,342 83,104 Cr.2,602 preferred to — Maintenance Assets— Cash 6,327 Cr.17 $59,058 —— applicable Lowell Gas Light 30 Sept. Sheet, Balance 6,615 Cr.94 ' construe. Years Ended Sept. Operating revenues "Operations the Revenue Act of 1942. based upon is deposit— on deposit for post-war readjustments..— and Canadian bonds at cost; 25,925 1,197,252 7,545 2,082,702 7,5.75 1,270,206 S. Paid-in $2.95 $3.50 ; $3.94 adjustment after annual audit, including revision of the Canadian exchange fluctuation reserve. The estimated provision for Federal income, surtax and excess profits taxes 875,096 tional to the amounts required under P. $2.52 subject to is $2,056,018 875,018 "Includes month $2,906,465 684,462 outst. share statement Earnings per Note—This $1,876,633 72,919 income Balance 204,200 $1,936,448 taxes income $168,614 72,917 hand and on , 1941 26,525 Notes and accounts receivable, customers (net) 1,478,664 Other accounts receivable 3,175 Inventories (estimated) _______2,210,800 Cash surrender value of life insurance—... 8,050 "Fixed assets—at cost—.—.—1,516,606 U. Total 34,270 1,279,969 excess rates $138,496 (net)-— to Dividends Fed. $2,043,335 12,683 mtge. bonds int., and deducts. Set exchg. Fed. $1,862,396 14,237 income chgd. 190,000 300,000 190,000 190,000 $167,756 858 Cash Special $576,778 to Sheet, Sept. 30 1942 Comparative Balance 832,456 $138,116 380 The revised net profit amounted first nine months of 1941. 1941. in Assets— 886,374 689,902 980,271 on Int. from aris. of 1,3.62,444 700,453 70,319 income Other inv, price de¬ clines & oth. conting. 143,040 54,893 79,250 stated . Int. for pos. res. 173,072 e0,123 revenues— oper. Gross 574,531 835,863 441,469 662,380 depreciation to Approp. 35,912,540 — for third quarter and $2.30 a share for the $9,408,333 4,956,271 approp. retir. res. Other Total Cost . taxes Prop, (less sun¬ income Other Other $938,930 $10,547,144 502,922 5,641,580 $879,728 429,167 taxes——— "Federal 1942—9 Mos.—1941 1942—12 Mos.—1941 $46,717,539 $31,845,216 $59,695,072 $39,898,488 Period End. Sept. 30— Net J As or 1942—12 Mos.—1941 1942—Month—1941 administrative expense in the amount nine months, making the $2,319,916 for nine months. for third quarter and $42,184 for $13,323 total taxes $881,960 Period Ended Sept. 30— Link-Belt Co.— (& of 1609. p. selling, general, and included in total, $3,166,849. capital surplus, $1,096,545; $238,550; surplus, 156, Monday, November 23, 1942 CHRONICLE THE COMMERCIAL & FINANCIAL 1866 "Deficit. Balance accounts and Sept. 1942 30, Operating profit other assets, $89,258; prepaid insurance (& Sub.)—Earnings Louisiana Ice & Electric Co., Inc. 1942—3 Mos —1941 12 Mos.'42 $567,757 $358,052 $1,928,913 23,378 17,335 89,521 343,385 192,208 1,191,845 36,477 33,688 177,644 22,604 24,499 89,408 Period Ended Sept. 30— Total Power operating revenue purchased , Operation Maintenance Taxes, excl. Fed. & State inc. taxes share and from Non-operating $380,495 519 $99,662 23,750 5,937 25,000 6,175 $381,013 91,250 24,225 820 ... . $90,322 9,341. $143,840 (net).. income income Gross $141,913 1,927 operation- 613 5,037 Prov. for renewals, replace. & retire. . Interest on long-term debt Interest on unfunded debt assumed Taxes Amortization Prov. for on ... 25 675 12,000 interest 375 29,500 of debt expense inc. Fed. &r State taxes.- cents to Consolidated Assets—Plant, ments and Balance property other $55,175 $83,458 surplus assets, of Sheet As Sept. 30, $204,148 total, debt, $684,000; 2V2% serial note, due April for renewals, replace¬ depreciation of dairy equipment, $13,248; reserve for conveyance /equipment renewals, $37,102; reserve for welfare reserve, $5,154; reserve for uncollectible accounts, $21,160; reserve for contribution in aid of construction, $3,150; other reserves, $18,782; common stock ($1 par), $69,071; $2,083; other and deferred credits, retirements, $6,876; $661,123; reserve reserve for Other income no value, par income Gross 10 Dec. to of accumulations Dec. 15 to this on the holders issue 15, $1.25 of of each 1940, record The & Fed. exps. on Cost of goods deprec. Deprec. ...— and Net Income taxes. $6,365,153 63,277 $25,957 included for nine tin for in 217,696 $1,035,072 $597,007 10,374 9,123 $1,045,446" $606,130 51 $2,699,194* 32,245 $2,731,440* $1,487,311 29,666 $1,516,978 4,583 13,126 2,181,550 864,700 3,888 inc. 134,979 200,000 6,829 225,000 7,567 ' 718,117 1,400,000 18,171 413,900 $208)845 com. $188,342 $545,307 $639,152 $0.84 $0.75 $2.18 from August 31. Federal income and excess & Manufacturers Merchants 6 Mos. End. profits taxes for 1942 are estimated of 1942.—V. 156, p. 1690. Sept. 30— Gross earns.—from etc. Securities Co. (& Subs.) 1942 1941 1940 1939 $1,572,683 $1,848,701 $1,630,697 $1,184,632 int., —— services. 991,434 1,056,136 882,379 706,646 $581,249 $792,566 $748,319 $477,985 35,679 of finan. Operating profit Other income 54,086 15,741 11,119 to for the to quarter Total on sale loans for mestic 143,000 85,000 59 91 202,467 94,023 143,663 143,663 Federal taxes income—estimated Unused excess profits tax of preceding year Divs. paid and provided on $764,060 185,000 — on for $846,651 100,000 capital assets stock of Finance 1273,572 "282,529 Cr40,000 Do¬ Corp. the public— 7181,376 182,175 Minority interest in un¬ distributed item of quarter general and profits of 3,810 $61,979 $233,138 $272,870 $166,327 partic. pref. stock 42,129 On class A com. stock stock 65,715 51,231 89,015 40,984 35,606 47,816 71,212 640 800 320 640 Consol. net profit Cash On dividends paid: On class B com. provision for excess profits taxes, tlncluding $28,572 adjustment of prior year provisions, iAfter deducting portion paid from earnings of prior periods, $10,996. "Including the of Domestic Finan. Corp. third and $616,927 Income for doubt, Provis. $489,104 $2.57 sh. selling, 299,152 57,014 717,616 225,000 19,642 $651,646 t$0.83 $245,074 "$0.16 the basis of the Revenue Act held by 836,550 months. addition third on Prov. prof. taxes addition 727,884 665,068 admin, Fed. per 196,181 152,187 depreciation and amortization amount¬ and $77,869 for nine months, there administrative expense depreciation of $2,092 for third quarter and $6,277 for nine months, making total depreciation and amortization $28,049 for third quarter and $84,147 is ______ 22,295 391,258 $1,112,242 $1,418,004 Earns, per. sh. com. stk. "$1.23 t$1.72 "On 692,889 common shares. tOn 625,000 common shares. Notes—(1) 1942 figures above include operations of Escanaba Paper Loss 252,644 for 4,009,997 50,589 "77,869 (249,932 shs., $1 par) ing to profits tax_ for period._ inc. Net discount, 6,781,517 16,863 Income "In on at" Sept. 1942—9 MOS.—11941 1,582,463 deductions Earnings paid while as 156, p. 784. "25,957 from oper. excess been has 1941, Fed. 132,087 and and 15, Arrearages 2,515,356 amort than income Provision June made. account of value, payable $2,477,306 $10,382,646 $3,861,116 income Gross 1,225,141 118,298 . Co.—Earnings- taxes profit Other like incl. share.—V. per excess (2) on par amount no 1942—3 Mos.—1941 taxes and gen. stock, A was 1,308.256 254,841 490,634 530,259 89,035 "• sold, excl. Taxes—other Sell., 3. and 163,846 $3,961,569 fd. debt deductions Minority interest Cost Master Electric Period End. Sept. 30Net sales Dec. $1.50 declared been pref, since of 1942, amounted to $13.50 16, has cumul. quarter payment a share per $5 103,263 $4,811,626 holders Co. dividend 58,436 $1,906,697 Depreciation Int. share has been per payable 31,238 $1,206,176 ...... ~ per Mangel Stores Corp.—Accumulated Dividend— A 1943, ments cents 3 1941. 10, dividend of 40 cents Net $38,000; accounts payable, $80,131; customers' deposits (re¬ fundable), $45,902; accrued interest, $7,489; accrued taxes (State, local and Federal), $117,974; other accrued items, $20,434; customers' advances for construction, $72; unearned interest and service charges, of 697. p. 1942 and equipment, $2,540,534; total invest¬ $1,844; cash, $306,316; notes receivable, dividend $1, payable Dec. 14 to holders of. with 5 cents paid on Dec. 22, 1941, declared on the common of record Nov. 27. Distributions of 20 cents each were made on March 10, June 10- and Sept. 10, last. Payments during 1941 were as follows: March 10, June 10 and Sept. 10, 20 cents each; and Dec. 10, 40 cents.—V. 155, $3,166,849. Liabilities—Long-term 1, compares April expense interest receivable, $20; material and supplies, $50,528; prepayments (insurance, taxes, etc.), $29,036; unamortized debt expense; $17,753; uncompleted jobbing account, $84; unamortized leased property alterations, $1,616; other deferred debits, $4,220; This on year-end a par (P. R.) Mallory & Co., Inc.—40-Cent Dividend— A stock, accounts receivable, $213,897; $1,000; stock, Fed. & State inc. income Balance 27. Nov. IV2 declared have common Other 8 1,196 55,150 the on record Dec. Income directors The receivable, and taxes, $96,111; other unadjusted debits,. $527,424; total, $53,210,346. Liabilities—Common stock (200,000 no par shares), $2,000,000; preferred stock (89,544 shares of $100 par value), $8,954,'400; funded debt outstanding, $16,514,547; audited accounts and wages payable, $805,365; matured interest unpaid, $375,086; accrued interest, $187,500; tax liability $660,056; other current liabilities, $74; accrued deprecia¬ tion, $22,163,178; unredeemed tokens, $98,590; corporate surplus, $1,451,551; total, $53,210,346.—V. 156, p. 1240. 190; Magnet Consolidated Mines, Ltd.—Year-End Dividend equipment, $49,328,858; cash, $2,380,135; loans, $166,372; material and supplies, $622,- and Assets—Road notes Sheet, taxes shown $2,277,731 separately for nine amounting months, there to $868,637 taxes are $38,000 Volume ' Number 4127 156 Consolidated Assets— THE COMMERCIAL Balance Sept. 3(1 1942 ; assets Total 1 249,573 , (net) At. Gross Prov, Liabilities—• Provision fin* Federal taxes Prov. for dividends 359,538 V- income. on- notes payable: Capital stocks of subsidiary in Finance fParticipatlng preferred — 1,666,000' common stock ($1 2.160,000- common stock ($1 pari—____; 28,220 328,575 "' Gap.tal surplus'', Earned surplus 28,220 v. i5o, 1418. p. shate per ; & Dec; OfV 25 have declared the on Like 17. quarters :;'v Co., Inc.—Regular Dividend directors of usual were paid th's year. share in: each In addit.on per the- company cents disbursement of 25 cents to the Canadian Tax of Army, 156, the record of Operating Total Sept. 30— revenues and the $24,503,777 20,304,700 Net: operating Other i n com e v $4,475,151 the (51; . $4,199,073: 43,413 _ three after those L_ Net income Dividends _!_A—_!_—— on preferred 1,986,947. !—A__.cw— —V. ■ 156, p. $2,411,617 784. ■■■ '"V for $3.10 income 30, and were 1942, its These contracts, of with is as The. English "Cost ... Sell.; the a ended included Sept. and 30, in Brown 30, 1942, dividend stock* 15 $2,50, par w.th compares 40 of cents share per payable Dec. 25 cents d pa 10 has to holders Sept. on declared been of record last/and 10, for the current year. Payments during March TO and June 10, 15 cents each; cent's Sept. 10, 15 cents;—V. 156, 607. p. 30 such being the Other, statement. and Dec. \V; Int. ; its include $17,984 Prov. Mfcklcberry's Food Products Co.—-Extra Dividend— An - extra dividend stock, common dend of Nov, 20 10 27. cents cents has the to 10 cents 155, been regular botlv payable Dec. with 1940.—V. 20, share per addition in share, per compares Dec. cn five $1, par cents This . of 12 paid declared semi-annual holders of to June on 2096. p. Gain :: of the Pacific court current large-scale debtor- to MOP holder of System direct cash investors' Trustee Guy of $72,- balance loan. 1942-Month—1941 1942—12 Mos.—1941 $8,227,152 4,960,571 6,031 557,062. 399,351 77,295 71,744 784,557 Prop, retire, 68,334 66,666 761.867T 795, QQQ. ... res. approp. Net oper. revenues- $90,983- 815,000 . $111,586 $1,435,510 46 604 1,313 $90,990 $111,632 $1,436,114 $1,281,676 66,667 66,667 800,000 800,000 8,703 8,473 121,955 117,288 $15,620 $36,492 $514,159 $364,388 income 7 directly Int, mtge. on Co. surplus. amortized *,!* $1,280,363 income preferred stock month to indirectly or provisions for accumulated stock stock declared to for Nov. on outstanding holders March 476,599 1,540,864 6, of unpaid to Sept. dividend a payment 30, of current 2, share a addi¬ , amounted" to 1942, $1.50 Nov. on June 10 $3,237,756 1942, 12 Vz cents 10 25. Sept. and dividend a value par Nov. and March declared 17 $2.50 record follows: 1,297,752 $1,261,792 $6 on pre¬ Dividends on common Similar 10, last. of 25 cents stock, Payments Dec. made were during share per payable distributions 1941 5 on were as $2,286,128 . Dr6,843 24,686 .10,419 91,382 $652,150 $1,286,4-79 $3,248,176 $2,377,503 10, June each.—V. 126,189 352,054 Total 419,286 oper. Operating ex- 312,225 inc. mortgage purchased Cr42,211. Crl53,154 Crlll,004 $1,163,443 $992,326 $0.74 each; ' and Sept. 10 and : , v. ■■■*'' $1.23 1942—6 Mos.—1941 $5,926,840 2,986,206 1942—12 Mos.—1941 2,272,630 expenses 1 $13,362,076 $11,411,893 5,648,485 4,382,033 $1,653,614 $0.86 cents 698. $7,038,001 revenue__V Maintenance Cr291,290 $268,251 25 —Earnings— Period End. June 30—- 113,885 10, 156, p. Monongahela West Penn Public Service Co. (& Subs.) : mtge. & the for 156, p. 1330. director! the on general income $7,599 Mock, Judson, Voehrmger Co., Inc.—25-Cent Div.— The 1942—9 Mos.—1941 12,001,900 j.; of cumulative. are ^Deficit.—V. $15,585,780 income taxes United wholly-owned 13,049,426 (net),:—. and $319:523, after giving effect to subsidiaries) $17,828,046 $658,993 Federal 403,603. $$39,220 $123,627 for the 12 months ended Sept. 30, 1942, the amounts- required under the Revenue Act of 1941. to tDividends to 4,273.860 opers,_ 403,608 and tional costs charges __—■—_T_ii $119,551 —— Balance (Minn,)—Earnings— 1942—3 Mos.—1941 deduct,_ tDividends applicable to 1,. 1935; Patent by bonds int. ■; and Net are prior prior to Jan. — ' applies remittances Regulator of, and Canadian income— Gross ferred .on bonds 150,000 2,014\800 V 595,900 "Federal "" : . ____ divi¬ Other net incomeJ. Earns: per com. share,.. $0.20' . 426,140 485,571 846,979 taxes____ 871,100 331,100 1,398,000 576,100 __________ 759,000 720,000 1,441,000 1,402,000 1,049,463 _________ inc. taxes Prov. Consoh and Missouri the the Corp., 35,594 by profits. taxes——. ! cess . record last, 12, J the on the asked revenues "Includes out capitalized and income for a this taxes *Federal sales. Dollar Instrument Co, 505,547 on interest at 5,344,769 the to amount this 4,350,173 bonds ■? ■ ,■ appeared $8,936,898 Net !___ sales income Total the it 440,951 1418. p. of on held nine $6,012,252 profit repay $696,978 of follows: as cents; ■"'T' ■ This total a were Net Alleghany and of the RFC Dec. common Nov; 27. makes 1941 10, the on to petition, a to $684,910 412,704 subsidiary, for subsidiaries of 1942. amortized or the Canadian $4,499.23 Sept. covering expense Michigan Steel Tube Products Co.—15-Cent Dividend the part •' A be denied directed Corporation. case $5,514,714 admin. use Operating expenses the a!——!—!— of Moore not 16 be Finance Mississippi Power & Light Co.—Earnings— Other subsidiaries Minneapolis-Honeywell are 156, not are ended of The those sales Nov. on trustee Judge would by Period End. Sept. 30—^ Other follows: as domestic Pferiod End. Sept. 30— Net $2,273,444 • to Operating 528. subsidiaries;- 1States v the excess 1942, has been to the Revenue material war English and Swedish received and dates (Including 120,000 ; Balance contracts Minnesota & Ontario Paper Co. $2,393,444 120,000 H. Moore that loan securities, repay this 2,015,239 .1'$2,531,617 stock—Ai__!,!—_ Sept. $4,408,682' $4,518,564 ._■■ before Other, taxes ————J Law months costs 1933, the committee, to subject to review and possible renegotiation. are months Patent, is now Thompson., opposed the repayment on the grounds- it would injure the reorganization plan now before the Circuit Court of Appeals. The plan already has been approved by the Federal District Court.— V. 156, p. 1777. $2,022,260 $2.66 Federal" ended Corps. Public 30, and operations.—V. Grosjyincome Interest and, other deductions Air Pacific 650,000 50,650 $1,802,701 $1.43 estimated large .either written off to, were 209,605: income-, Sept. being currently ; has Swedish and Moore, 30, the " nine for Judge by Reconstruction backed reorganization '' ■ subsidiaries ended holders the of petition, Thompson the Swedish subsidiary, $9,587. and Jan.- l, . \ ' of repayment Missouri 1942, the investment in and the net advance to and Swedish subsidiaries of the company and its domestic company ; to 22,396,059 ■ approved Appeals. Mr. $1.03 Operations of the months 1941 Till; 44,188 $917,982 months 403 Canadian (4) English1 $26;87I,210 ___! 17,589 $696,742 Army Sept. English $47,406, : 1942 operating expenses and taxes—_____ ci As sales 12. Mos. End. 25,556 nine contracts, Section (3) Michigan Consolidated Gas Co.- -Earnings— ■ and Navy under cents 1054. p. 2,274,293. for company ' the three preceding1 quarterly, payment' last, made an extra 29, j provision . The (2) • 25 holders to 881,079 time The the Act. of In his briefly-worded decision _ subsidiary the tax provision for all periods shown was the Canadian War Tax Act and the Excess Profits upon plan, Court estate. _____ ' regular Dec. on share.—V. per 24 1,303,206 6,500,764 $4,263,204 will-be based Com. Stock on quarterly dividend of stock,, payable Dec. common amounts the 1,332,162 405,000 The Circuit Federal District Judge George 621,900 for with all'War Merck 579,015 Pacific, S. by certain security $23,134,800 loan to in the third quarter of 1942 to give effect 1942, except that no credit has been taken for post-war refunds left for determination at the year-end. In the case of" of the maturity of long-term notes. tRnpresented by 1941)' no par .shares, stated value $1 per, share.— in taxes vvhich current (31,732 525,341 $9,679,815 adjusted Act i;077,2501 $12,736,206 $15,183,672 ■ The '3,200 1,523.392 980,899 : Total $1,919,586 period— on shares Notes—(1); The r» profits $4,224,141 oth, than sh. per $9,625,716 $3,521,932 _______ for Net: inc. ' 1,427,033 _ I... 1,571 37,492 profits "taxes..— deductions '!_!!_ common 31,732 354,560 •i " 3,200 — 2,880 51,218 pro,; taxes est. Fed. ex- for Earn, part—— B 688 12,161 $1,906,737 U. Repayment of RFC Loan Denied by Court— inc. & cap. taxes, cess 3,913,996 —v .... A 687 14,599 "55,385 4,011,409 . $3,506,646 exc. Other hands of public, Class "Includes- for est. Prov. 293,000: 56,724 Corp.A—!— Class • j ' Long-term Domestic 321,157' 245,000" pref. stock of sub.; Corp.;..——...— opers.! income Fed: $5,450,000* • cum. on Domestic- Finance .' $3,629,608 • 1942—9 Mos.—1941 income— ; stock "Notes' payable—__ L—L——1 Accounts payable and accrued expenses—i—— Missouri the Subsidiaries) 1942—3 Mos.~1941 earned Miscellaneous 213,947 .W_—A $12,736,206 $15,183,672;;, __ profit1 from Interest 160,435 201,494 • Net 272,899". , ! 180,350 . —!_s/.—, (Including Domestic and Canadian Period End. Sept. 30— 11,876,447; 9,369,337 fixtures 1867 Minneapolis-Honeywell Regulator Co.—Earnings— 1941 $2,659,943 $2,735,451 Other FINANCIAL CHRONICLE J Sheet, installment Qffice furniture and Deferred charges: & for depl. 008,556 553,517 1,154,597 incom.e.__ $1,386,999 $1,564,022 $2,873,015 Dr 2,314 4,814 24,138 ^334,685 $1,568,836 "720,500 720,525 $2,897,153 1,441,000 41,865 32,219 78,377 64,413 h~_ 71,641 71,641 143,282 145,260 construe.. Cr29,225 C;'3,868 Cr49,175 <?r9;436" depr. Operating & Non-operab.ng . ♦Deprec. & deplefc. chgd. 871,955 inc. $3,130,315 31,876 r' " Middle West Corp.—To Pay 25-Cent Dividend— directors on Nov. 18 declared payable Dec. 15 to stockholders of with 10 Dec; 22, cents : ' : June on and 1941, 1505. P. paid initial an dividend a record last; 15, of to product ditlons The 20 25 of 25 Nov. cents This 30. cents, each cents Dec. on 15 Co.—Earnings— 1942—3 Mos.—1941 6 . : the of provision so Federal of 98,154 : ; 120,020 310,906 Int. V''v; V;. 'i' • " 89 9,736; 204,951 239,746 Operating profit $1,440,461 ____ ^7 Res. V. Net OR $3,720,164 iQft : QOD "• T^T. ' 98,490 260,285 56,402 249,375 276,098 470,678 1,207,126 1,470,678 . 156, of Act 1942, and the present wherein pursuant 1680, of has taxes been it treated has which to 328,157 the 1410. . .. Period End. Sept. 30r— Operating sh*.__Tii V; ■' $380,279 I ' $0.08 $621,853 $1,357,549 Nil $3.00 $0.69 1942 Revenue effect No Section Act,. The rates Act been has 403. of the 1942,, certain Federal; income without credit for and under of 1942—Month- -1941 Miscellaneous Net 156, refund. war the 2,9491291 1,894,582 465,851 June 1942, 118,405 846,400 the rates.—V. provisions ,1, 933,449 895,073 62,500 approp. 76,893 68,452 767;857 oper. 57i 571 7,123 6,886 $228,095 $320,634 $2,890,007 2,873 $3,311,637 _____— • , Other, income Gross _——__1 Approprtation Int. on income specified pr.ces' in 56 1.027 1,142 —_—1 $229,122 $320,690, $2,892,880 $3,312,779 Other mtge., bonds.—... 132,254 133,054 1,591,318 1,601,134 5,857 78,364 Cr371 Crl3,182 to deduct. 5,776 construct; I Cr2,359 • Operating Dividends Purchased: power Provision for Other (from parent company.) and than: 835,200' . i; casualties 773.975 1,569,164 insurance„__-;_Ti.ui't 1,235,546 V 343,475- expenses______-i:L__-:«— 516,5494,511,472 operating expenses f Taxes: other Jv-T 1941.- :—$11,968,543 $10,007,560 Administrative and., general - 1942 and" Maintenance ' applicable to $93,451 preferred $182,150 income taxes__j_____u___l_. ; for Federal taxes of $56,968 for . $651,165.: . the current and $250,139 for the twelve-months ended; Sept. 30, 1942, addi¬ tional to; the amounts required under the Revenue Act of 1941.— V. 156,- p. 1241. 1 : " /"I ': .'-.i:,;;.;. 'i;"'',:- A 1 83,000 : 1,504,780 dividend of 85 cents share per has been declared on the Net operating revenues___l__ revenues .t- - $1,164,623 : V „ $867,261 Br37C> stock, payable Dec. 18 to holders of record Nov. 23. This is the only payment; during the current year, and compares with 25 cents on Dec. 30, 194R and 60" cents on Oct. 16* 1941, or a total of 85 for cents last year.—V. $1,164,247 $879,072 377,167 397,000 2,215* _—______________ funded on 1,373 debt_______— Other expense„_i_ interest. charges_A__— Other deductions-; ,. < "Net 1,052 income for tax 1,400 $782,813 for "Provisions income ■761 1,000 : Federal both normal periods are income tax adjusted to and $478,538 .- surtax reflect 156, and pro¬ revenue p. 1054. nine of months amended; by visions for the of Federal Increased 1942 the on the Revenue Revenue normal Act income basis Act of of 1942, tax and of the 1941. it is surtax Internal On'the estimated of Revenue basis the by of that' Code, the pro¬ provisions company approximately $25,000 for the nine months 30, 1942. No provision; has been made, or is required, profits taxes in either period.—V. 156, p. 697; Prov. .for Prov. for will ended general other & for. that a sufficient amount of the classes Net income Divs. $4,399,231. 190,695 191,303 31,000 $3,857,679 2,120*632. 36,000 417,000 1,973,056 354,000 55,852 44,164 555,074 568,377 tax. 50,450 15,695 389,809 171,461 -—_1_ $95,235 deduct—! $66,788 $916,715 $790,784 22,858 40,81L 289,071 496,734 I on, pfd. _i_______ M $72,378 $25;976 $627,643 $294,051 stock_.^— 20,693 21,088 248,316 the of on- the may cannot months approximately required which which six ended (& Subs.) $174,000 over basis- of. the 1942—Month—1941 157,285 a— Prop, retire, 1941 oper. approp,I Int. Int, 2,097,060 1,889,369 $6*326,777 J9r261 Dr434- $404,921 $5,455,535 155,051 156,501 1,866,848 44,125 44,125 529,495 49,309 39,840 547,208 529,495 477,578 Dr4,260 Cr 17,184 $2,507*724 $3,448,678 1,949 bonds- to deduct.! construct. $160,422 $164,455 applicable to preferred stock Dr 7,233 $6,319,544. 1*880,977 957,534 957,534 „______$1,550,190' Balance $2,491,144 "Includes- month 5,628,155 3,081,983 1,824,862 $5,455,969 Net income / ' $18,751,146 165,258 $408,907 and chgd. 4,930,578 1,886,361 $405,182 debentures- on int. 1942—12 Mos-.—1941 $1,558,011 $20,165,251 480,526 5,795,283 176,245 income mtge. on Interest Other , $406,958 revenues Other income (net) Gross "1 • and deple tion reserve Net '■ -Earnings— 155,125 taxes V- and provisions for Federal taxes of $51,367 for the current $852,613 for the twelve months ended Sept, 30, 1942, addi^ tional to the amounts required under, the Revenue Act of 1941,—V. 156t 1241. *; 9 Mos. End. Salaries and Approximate Sept. 30—wages paid——_ number Taxes other than Motor of employees. coaches owned Federal Revenue miles Revenue passengers Number of income- 156, $51,685 . p.. . •-*.■ Judge George trustee; to Authorized were $4,888 $379,327 $40,989 Other Payments Totaling $10,- Texas & Mexico bonds of the 1940 $2,142,356 1,853 1,717 $652:353 $525,263 $452,498 * , 979 849 28,185,783 24,494,191 23,098,083 102,285,101 88,601,051 properties operated— ___________ 27 $7 943,010 5,239,750 27 26 $5,739,042" $5,012,018 4,176,790 3,771,723 652,480 566,240 505,140 $2,050,780 ; income——. income ;i $996,007 $735,155 H. Moore on $6,579,762 (Gulf on the on 18 Nov. interest Missouri on, authorized three Guy A, bond, issues. Pacific, first and Lines), and $1,207,500 International-Great Northern. on first securities to be Issued under a plan of I Federal mortgage reorganization taxes Amortization of income- — intangibles for the Net income Earnings" — -—-— per common providing for and A class share dividends stocks—— on 52,135 14,647 $1,048,142 "$749,802 44,944 26,247 51,316 1,478,700 349.300 10,017 ——— on deductions refund¬ first mortgage bonds of New Orleans Coast for 251,536 $2,302,316 — income Miscellaneous Payment had been opposed by the debtor railroad company, by the Alleghany Corp. and representatives of some underlving bondholders. Judge Moore directed the payment should be credited against, interest new 1941 $2,322,527 2,201 147,349,367 Interest Prov. nay .*10:070.612 ing mortgage bonds,, $2,283,350 on 1942 $2,976,990 carried——— operating Total Thompson, Subs.)-—Earnings— operated———.. Depreciation 1241. Missouri Pacific RR.—Interest Federal (& 1,071 Operating, income Net 070,612 Authorized by Court- of National City Lines, Inc. 253,062 Balance —V. excess having been deposited under or other¬ wise become subject to the plan, the plan of reorganiza¬ tion, dated as* of May 1, 1942, has been declared opera¬ tive.—'V. 156, p. 1610. ' : M . by income, on amount for .i;-I' .IT?;'-'; Operating expenses—. Sept; securities 1942—12 Mos.—1941. . $348j949 taxes inc. Gross, income Inf. be Minneapolis & St. Louis RR.—-Plan Operative—CoverColpitts,. reorganization manager of the company, announce been ' Other taxes v $428,232- depreciation- Prov.. for Fed. dale & •Various increased have taxes the accruals 349,760 p.. 1942—Month—1941' ________ Operating expenses—— State additional for these taxes, made in Dec., 1941, applicable.to the respective periods. Provision for Federal taxes has been made for the first 30—' Period End. Sept. Gross visions as $1,520,904 11,811 Mississippi Power Co.— income Grass Amortization; of*, bond and tax 345,053 ' Interest been would Federal 1942, the "Federal common paid Non-operating $1,010,101 516,818 Dividends 808:270 have that 154,. p.' 153. Mission Corp.—85-Cent Dividend Declared— 3',954,933 1 701,000 1,559,540 provisions $763,191 $1,600,199 990,825 350,819 ' , month $1,641,990 $245,555 "Includes 428.976 767,521 Provision for estimated income. taxes_ll_i,—iu? provision fc^.deftrteciatibnlliLTuti'LLi-—lr_T_T; ir,. I, Period End. Sept. 30— \ $1,236,380 990,825 stocks Balance Sept, 30— revenues- 30, amount . (& Subs.)- 510,803 $492,917 Operating revenues Cr4,784 and 510,803 Operating expenses 74,439 int.- int. chgd. 255,402 additional Jan. determined, Montana Power Co. revenues-- $1,273,994 707,143 limited-ternr investments Net of possible-resulting 962. p. 80,325 of to 219,287 Earnings— Ended anticipation retroactive 278,238 Net income Months be 218,915 res. 9,315 $748,319 255,401 ___ Balance "Federal (2» and Milwaukee Electric Ry. & Transport Co. .'.12 dividends be Amort.> of 3,075 $576,469 presently Prop, retire, 380 $321,068 Preferred "In 12 Mos,—1941 1942- ' • deducts— 232,990 taxes tax income 69,442,315 ___ ' sales subcontracts refund.ng of profits.—V. or post on 1,441,050 . ' based were National Defense re-negot.ation contracts taxes for action poss.ble to Supplemental Sixth providing in. but given government reduction for provision $3,162,191 & 360 $804,242 , Notes—(1) under $868,644 revenues Other taxes' "After deducting cost of goods'sold, including material, labor and factory expense, but-exclusive of depreciation.:T ,» '• to reor¬ properties were non-taxable.— T'"',"'. • • \; '"i-" Minnesota Power & Light Co.- -Earnings- , 287,683 : disct. covenants its been having as chgd. Payments the newly-enacted to give effect to recent action as so company, 2186, p. profits excess provisions Department old company, the 608; V. 155,; p. to Int. and income Operating expenses $236,710 per com. $2,437,128. 1AA 832,126 profit taxes v'/:, profit Earns, Rfl 50,144 •;j 91,783 249,375 profit sharing Est; prov; for Fed. Inc. excess r-. 84,449 for & $1,049,285 QD1 37,801 ____, Depreciation— debt of expense • thniv'1 Other rfdrfnnt inno deductions debt interest Amort, $851,314 , funded on Other .vh "v,'1 •. $999,554 effect Treasury transferred: To V. 353,6331 $2,748,034 '■:■ .■■ • $252,939 . for give the $4,073,798 $1,169,305 to as Revenue ganization 1942—9 Mos.—1941 , $1,538,615 ' $361,506 156, Federal Steel Products '■ -r:rf; : Note—The Period End: Sept. 30— ■■■•; Depletion ■ "Manufacturing profit_ Sell., gen. & admin, exp. & were:4 income • . inven.) • adjusted :Midland Gross ad- (inc; to expenses Depreciation and 1940.—V. 2, to compares June on share, per 6,281 Cr4 37,693 37,240 37.322 $749,659 $604,006 $497,783 $2.77 $2.05- $1.53 . 169,757 after pref. Federal taxes on income for 1942 is calcu¬ approximately equal the rates stated in the Revenue Act- of 1942, i. e,, normal and surtaxes 405e', excess profits taxes 90,<>. Not*,—The lated to provision for Extra Dividend— stock in addition.-to the common of extra payable Dec. 15 both share, per cents 50 The formerly Executive Vice-President, has been elected President. Other officers elected are: W. F. Muth, Vice-: President and Secretary; George N. Wright, Vice-President, and G. C. each share, was made on Nov. per per- share per share Period Ended Sept. 30— Operating before Fed. expenses Prov. for Net 1,300,000 Int. $958,434 $1,127,82$ 1,334,698 1,335,701 1,334,698 Int. $0:25 $0.72 $0.84 500,000 $377,435 $340,941 1,335,701 2,921.162 profit of Shares, Earnings • stock. com. 1942 of income 3,034,974 2,536,558: $321,950 $4,662,550 $5,059,512 2,471. $411,798 $322,177 167,512 (net)—— 170,848 '22,354 income mtge. bonds— and deriUGts. on- income Dividends on the-basis of the-1942 Revenue-Acti applicability of its relief provisions. 30,-1942; were $15,290,653, over the corresponding period of 1941.—V. 156, "• Cr.4,856' , 227 3,453 2,043,740 292,624 ' Cr.34,568 $2,364,207 43% ' 1506. "Includes ! of taxes for $71,600 the The National Malleable & Steel Castings directors The the on no Nov. June 20 March Sept. and and June 22 156, cents.—V. 75 declared a dividend of 25 cents per sharestock, payable Dec. 12 to holders of record were made on this issue on March 21, 5, last. Payments during 1941 were as follows: 7, 25 cents each; Sept. 6, 50 cents, and Dec. 27, St; & Louis it Dec. 30, The announced Nov. SEC able for distribution 31, for redemption order at any time on or after Dec. Twelve Months Ended Sept. The adjust¬ Interest to Carolina, V. must make accounting subsidiaries, Light Co., & 156. 1777. p. On Nov. National Transit Co.—Year-End Dividend— 1942—Month—1941 Period End. Sept. 30— $777,862 $9,608,883 Operating, expenses 335,981 333,746 4,323,076 ♦Federal 150,926 81,678 „ 76,706 71,329 883,624 60,900 56,600 $8,976,513 3,872,112 1,448,186 717,500 taxes Other taxes —. Prop, retire, res. approp. Amort, of limited-term 1 investments : Net revenues— oper. Other income Int. Int. chgd. Net 20 1,326 3,210 $233,744 $2,228,401 $2,769,915 income cost of required the under Revenue Act —V, 156, President, p. died on Nov. at Rochester, N. Y. 1691. week Electric Association—Output— ended Nov. kwh. This New England Power Total of the ended production England 7, 1942 Association—Output Up 1.86%— kilowatt hours, in New Nov. Power (the both Association amount and available generated and purchased, subsidiaries for New utilities), week ended Output a was Nov. for the decrease year.—V. 61,671,921 of 156, 8, p. 1941. an preceding 2.14% as compared as with 60,547,144 increase of 1.86%. week ended Oct. compared 1777, with the 31, 1942, for the England Assoc:ation and other reporting companies and secondary week Power a to V. directors and 16 156, have declared 15, Sept. 37V2 week last Co. -a. intercompany directors Edison Co., V. (see the of shares and 16 156, remaining (balance holders stock of Common stock of based capitalization, $16,250,000, and fixed the present Dividend-— after provided as Kansas in Power distributions to depart (1) of plan)., -■ " . : . & Power/Ca._—— " " 312,478 300,000 Illinois Iowa -- application : 15, Dec. • 87Va cents.— A dividend of 12'/2 cents per share has been declared on last and 12'/2 cents year, North Texas Co. Payable in Other dividend a on the common stock, 610). dividend Edison 35 on cents the stock, for American's shares, or is but, lieu thereof, in l/50th of market holdings 4.75% of cash will be paid share of Detroit Edison a price of approximately of Detroit the $17.50 per total stock Edison now shares issued and 6,361,300 mately 147,000 shares, or 2.3%. company stock is explains not a rate of 75 5%% 10. the that distribution dividend out of in North the form American's of Detroit capital or partial liquidating dividend. The the books of the company to its earned surplus. cents series a a share were on on 1,058,247 774,551 27,238 18,336 282,239 218,582 38,922 10,165 260,162 14,188 203,666 151,589 $30,245 $473,377 $320,866 excess taxes :. taxes $52,250 25,160 204 1,313 2,103 $30,449 $474,689 $322,969 13,304 (net) 11,488 147,290 140,574 15 — .% income $52,274' " Gross Int. on Int. on $38,970 $18,961 $327,399 $182,395 fixed— 2,096 2,545 27,199 31,672 notes— 1,079 998- income coll. first bonds—3% equip, lien 12,579 12,420 $287,620 $138,303 28,562 31.744 ' each current $2,277,692 67,060 $244,764 — and inc. Gross 1942—12 Mos.—1941 $1,490,748 $139,994 107,406. 18,939: Maintenance profits July 1, 1941.—V. 156, p. 785. .1942—Month—1941 — Depreciation declared the capital (& Subs.)—Earnings— revenues OperationFederal on Operating income . Dividend Dividend North Central Texas Oil Co., Inc.—12%-Cent - Operating amount to out¬ standing. If this dividend is approved and paid; The North American Co. will have reduced its holdings in the Detroit company to approxi¬ Dec. ; • the tol-., rata stock, payable Dec. 16 to holders of record Dec. 2. A' similar distribu¬ tion was made on July 1, last, as compared with 17Va cents on Dec. 16, the $50 the 6% par dividend value preferred stock at 717/s. cents a share series and declared payable Jan. 2 to holders of record • • < $35,795 Balance Int. on coll. 1st lien $15,418 bonds—3%;. income_ $106,559 -V. 156, p, 1332. Northeastern Water &, Electric Corp.—Stock Sale Ap¬ proved— The North 302,000 the pro states that, the face4 amount, of the outstanding debentures plus the liquidating value of the preferred stock, including accrued dividends, is approximately $37,000,000 and the current value of the assets Is materially less than this amount, so that there will be no assets remaining, for distribution, to holders; of common stock.— V. 156, p. 1692.; The share. on -4 > - stockholders- warrants....———- stock Common . p. of this Exchange Detroit rate the the of- $256;786.,s ——_ subject to the approval of the Commission and, if so approved, it will be payable to common stockholders of record Dec. 5 at the rate of one share of Detroit Edison stock on each 50 shares of North American common stock held. No certificates will be issued for fractions of payment The profit 2,688,388 3,985,000; $5,623,500 *$3,791,211 Light Co.—1,050,000 shares Common stock of Northern Natural Gas Co 291,270 " in the form of shares of capital stock of The Detroit the same manner as the dividends paid in the last in quarters Nov. on payable Dec. 30 Edison $9V608,500> $6,479,611' - benture Detroit Edison Co. Stock— stock, in acquired the debentures as follows: Par Value Cost to 'the* preferred- distribute To said sale* ot 7' 7 * American Other income Regular quarterly dividends 61,121,088, (2) for $3,423,500. the the..debentures as. payment remaining'- "Includes Cash New York. Life Insurance and ' - each; cents • is charged on the , 1 year-end Co.—Common American kwh. was . , a 1611. p. North at from • Balance dividend of 62,V2 cents per share on the capital stock, payable Dec. 15 to holders of record Nov. 27. Payments of 371/2 cents each were made on March 16, June 15 and Sept.'15, last. Disbursements during 1941 were as. follows: March 15, June holders^of the to ♦' Common . realized Redeemed by Light & Power.—; I' in stock. capital surplus, and is not for same. be cash, in the amount of $2,200,000 and transfer Purchased saying they held 30% outstanding bonds, proposed the issuance of $9,000,000 sales to other corresponding for the securities North cannot sum pay Period End. Sept. 30— Securities 13, this Association reports electric output is an increase of 922,999 kwh., or 8.42%, above production of 10,966,502 kwh. for the corresponding week a year ago.. [The increased electric output reflects more industrial usage on Nov. 11, 1942, than on Nov. 11, 1941.] Gas output for the Nov, 13 week is reported at 120,223,000 cu. ft., an increase of 11,047,000, or 10.12%, above production of 109,176,000 cu. ft. in the corresponding week a year ago.—V. 156, p. 1777. 11,889,501 for stock of Missouri Power & Light Co., reproduction plus other assets of $19,526,577. The For- the amended, above The such then to full Federal District proposal for reorganization of' the of America, preferred- stock and-75,000 ami 63.980 for said 3,298- shares of common case the companies' plan calls for a terminal first mortgage, consolidated first mortgage, 4%, $3,000,000; general 4V2% income bonds, $4,000,000; 5% preferred, stock, $3,000,000, and common stock, $4,250,000. The road, incorporated in 1893 and operated independently until it was taken over by the Erie system in 1897, has been operated by a reorganization trustee, Walter Kidde, since 1937. A reorganization plan filed on April 20, 1938, was not carried out.—V. 156, p. 1611. six New England Gas & Of as In (C) securities, $2,000,000; The 9 By offering $4,544,553 mortgage, Neisner Brothers, Inc.—Obituary— Neisner, (b) ' shares of the common stock of Northern Natural Gas Co. insurance The The has been 1942. The M. • $3,739,583 Newmont Mining Corp.—Year-End $100) Joseph a 4%, 1242. reduced from $100 to $92.50 per share, effective Nov. 15, statement also says that principal underwriters will grant concessions to dealers constituting the selling group of $6 per share. The principal underwriters have also discontinued stabiliz¬ ing the price of such shares.—V. 152, p. 1599. (par J., the. principal amount By use of available cash to,the extent of $2,200,000. shares of the ;• presented v*'■ ' 19,274 1941.—V. of 7"7y the outstanding debentures in off pay $5,623,500, as follows: 64,464 . present bond indebtedness of $16,030,271, 113,011 $1,210,733 fact and law),-which may of (a) Western RR.—New Plan & They compared the total of their planned Cr5,429 company has filed an amended prospectus with the SEC in the public offering price of its 5% cumulative preferred stock which N. and $7,250,000 bonds in Cr39,821 $696,342 — subject to determination of various claims have an effect on assets-available-therefor,; the following plan of dis¬ proposes, ■ To ——_* 64,464 1940 . companies insurance carrier's of the Crl,224 J of amount (l) of Crl4,261 • public questions tribution: and the Mutual Benefit Life Insurance Co., Co., 742,500 Neiman-Marcus Co.—Prospectus Amended— The :• 13, 210,000 $1,709,833 499,100 amounts ' Co. 120,280 $1,195,442 499,100 the to Act of tax profits Nov. 742,500 provisions for Federal taxes of $32,450 for the current month and $233,033 for the twelve "months ended Sept, 30, 1942, addi¬ p. the Co.- American 35,467 .. Susquehanna Newark, 210,000 ♦Includes 156, road 8,848 _ Cr98,472 ———.. by Jan. 1, 1944. Prudential Insurance Court, 17,500 : 1,780 deductions excess • life Three Cr522 Balance tional the York New 61,875 applicable to preferred stocks——— Dividends 73,927 Cr23,684 ^— Offered—- 9,011 $146,745 23,773 Cr29.829 expense. the by $31,651,340 * . 6,288,059 shares 5,327,067 " 960,992. ■"'/ — value. par North Light & Power (involving 107,199 — Held $1 The lowing;- with $117,014 50,127 111,968 stock, by of as $5,623,000 109,255 shares 84,925 " » $19,418,000,. :X < 12,233,340 s ■ , ;— -— stock preferred Held period and $1,020,000 in previous period was appropriated for construction and/or, bond acquisitions in accordance with orders of the Public Service Commission. Note—Dividends on the corporation's preferred stock amounted to $612,010.17 in the current period and $421,606.45 in the- previous, period.—V. 156, p. 516. , ■ 17,500 — Total 2,302,505 41,894 to construction charged under 61,875 construct. to $2,766,705 17 deduct— and $2,227,075 $233,724 9,570 $204,878 bondsv deb. on int. Other $204,861 • _—— mtge. bonds on Interest 831,133 829,493 667,500 9,422 785 -— income Gross 790 1,894,459 —*—— Liquidating value of preferred stock*.,—,———,. arrears to end of 1942 at; $63'per'share $7,117,651 interest—.—: on The —— 22,547 _ debt— 1942—12 Mos.—1941 $830,164 „„ Dividend periods covered by this statement. tOf which $1,380,000 in current Nebraska Power Co.—EarningsOperating revenues 1,887,851 609,692 2,802,734 lfv 1942, is based on an anticipated 1942 tax rate of 40%. The corporation does not consider that it has any liability for Federal excess profits 15, 1941, both dates inclusive.—V. 155, p. 1841. 1939, to and incl. June 16, by North American Co.—T—,, ♦Provision for Federal income tax for the period from Jan. 15, 1941, and 50 cents each six months from Dec. Dec. 60 cents on by public investors———— owned • tax, : A year-end. dividend of 75 cents per share has been declared on the capital stock, par $12.50 per share,- payable Dec. 15 to holders of record, Nov.'30. This compares with 50 cents paid on June 115, last, owned Co., principal amount , $7,052,642 65,009 —j' income tNet V . stock stock 1,464 and on income company outstanding have American, Preferred $5,793,004 ——: amortization $7,009,693 7. 1942,,. the will Preferred — —. discount premium Miscellaneous $6,080,451 $76,218,942 $58,677,046 had 959 stores in operation, as com¬ pared with 1,034 a year earlier.—V. 156, p. 1777. 1. Sales debt of Miscellaneous 1942—44 Wks.—1941 1942—4 Wks.—1941 Co. 1,650,199' $5,770,457 —_: charges—_ - assumed Interest Higher— National Tea Co.—Sales Continue Period End. Nov. 7— , (net)—, —_; of Amortization - Power 8,031,765 5,421,139 2,970,065 ; bonds miscellaneous long-term debt on & all owned by The North 1,817,965 taxes. mortgage on Amortization 15, 1943.— Taxes ■' income interest Other Birmingham, by Dec. 15; 1,. and Lehigh and Pennsylvania, by Feb. by Jan. income L. income Interest comply with the Holding Company AcL . amendments must be made as follows: Federai income other Total Light following securities: the 142, debentures, Common Operating Gross Power American 31, 5'/a % (depreciation) of prop¬ equipment. and for debt and reacquired plan stating the extent and manner in which Birmingham Electric Co., & Light Co., Lehigh Valley Transit Co.> and Pennsyl¬ The Dec. 8,668,545 5,883,074 ; for other taxes— Provision Carolina- Power ments Common Co.—— 1,412,730 : for resale—— purchased gas plant erty, ♦Provision part of its preferred stock for cancellation. The SEC stipulated that National file amendments to its liquidation vania Common Common & Light Missouri Power 1,760,783 and Provision for retirement for the nine-month period of definite," although National has retired most of its ___ expenses Electricity Aug. details —$2,501,031 3,298 shares 75,000 ," stock, The Kansas Power & Light; Co.—, 1,050,000' " stock, Northern Natural Gas Co.— 355,250: " stock, Illinois Iowa Power Co.— 312,478 stock warrants Illinois Iowa Power Co 300,000 "* stock, Missouri Power & Light Co.". stock, Common 1942 1941 $28,283,619 $27,456,023 30— revenues— Maintenance 31,. 1943, showing nature and source of monthly income, monthly expenses, • and all deductions. SEG termed a company liquidation plan filed last May "in¬ ending operating Operating granted the company another year to comply August, 1941. on condition that National file an estimate 11 granted corporate income and surplus statements of Common Corp.—Earnings— Co. as of (estimated) Preferred 1 and receive the amount by Light .& Power and Illinois Traction 1942, the following: North Light Co.—Gets Another Year for dissolution, order of was. Cash at 30, 1942. at their option; may, principal and interest to Dec, 30, it was stated.—V. 156, p. 1691. Total Nov. on SEC an. and : . been Dec, on 1506. p. National Power & The redeem will 18, $30,917. further states that when all of the above transactions accomplished it is estimated that there will be avail¬ plan have pay was debentures called of the surrender them of be approximately to of their principal amount, with accrued interest to Dec. Holders Dissolution— The Redeem shall New York State Electric & Gas with RR.—To to next, at, the Manufacturers Trust Co., New York City, company, on 100%- common par Chicago $2,000,000 principal amount of its 6% debentures due June 1, 1950. The debentures, which are to be drawn by lot, will be redeemed 18 Nov. on off, Co.—25-Cent Div. Similar distributions 28. preferred stock of Illinois Traction Co.; and-for Illinois Traction turn over to Light & Power its residual cash assets estimated, held $2,000,000 6% Debentures— 436. p. York, New initial dividend of $2.50 per share payable Dec. 15 to holders of record Nov. 20, stock, common 143, of publicly- market, netting approximately'$343,220,'to retire 210 shares .... Co. declared an have directors The —V. 10, . current, the to $300,000; for Western Illinois Ice- Cos to sell ."its physical property for approximately $250,000 in cash,; for Cahokia: Manufacturers Gas Co.' to sell its physical properties to-Illinois Iowa4 Power Co. for approxi-' mately $20,000, for Light & Power to seil itS preferred stock holdings, (and dividend arrears certificates) Of-Illinois Iowa Power Co.* at the $2,124,705 $1,819,621 National-Erie Co.—Initial Dividend— on & & Power proposes: to file' additional applications (designated: inclusive) which will request-authority, for Illinois, Traction in Kowariee-Public Service CoUfor approximately, Light 5 1942, addi¬ under the Revenue Act of 1941.—V. 156, 1331. p. inclusive* aU. of which .have been .approved, 1; to. 4, Co. to sell its; interest twelve months ended Sept; 30, tional to the amounts required / a- subsidiary of Light & Powert'-and; for the -sale of: Light & Power's 50% interest in Blue River Power Cm bd The Kansas Power & Light Co. '.' ': 544,586 554,586.- — Federal for and $608,600 for the month ' provisions Ad¬ Power Co.—Gives SEC Securities Co. (a subsidiary, of Light & Power)*, for the retire-; ment of Light & Power's publicly-hCId debentures; • for. the- sale- of the assets and dissolution of The McPherson Oil.& Gas Development Co. (a- $2,669,291 stock—„ ——1 Balance . v by the Commission and which provided, for* the*dissolution of Power — $128,975 preferred company, Applications. Nos. $5,061,983 2,098,484 294,208 $4,666,003 — _ $228,487 — applicable-to 1778... p. Light 20,655 construe.' chgd.. to Net - profits taxes for the-nine months excess the to of increase an . sales for the nine months ended Sept. Net p. . 156, subsidiary of the North American Co.,. on Nov. 13 filed with the SEC additional proposals looking, to, complete-dissolution of the-company as ordered bythe Commission.:.i "7 ' ' "7 It is recited, in the plan, that Light & Power-has heretofore filed; The - 1,597,654 2,792,164 100,066 provided been have and income regard without $0.28 share. per Note—Federal The- com¬ - ditional Dissolution Proposals— 2,819,196 350,024 -$411,661 137 revenues—,, oper, Other 2,718,000 1,068,000 233,965 250,905 Otner int. Net : from! $70,000,000 to $39,325,000. outstanding North American Light & . 264,164 244,049 taxes Gross prof. taxes— excess 1 1942—9 Mos.—1941. $3,676,434 $2,427,824 & inc. Fed. ,. pany's. debenture retirement program/, has been effected in part with cash retained through the; payment, Of quarterly dividends on its. common stock in the form-of, shares of. utilities in which it1 has $1,832,126 $23,789,406 $21,454,807 826,121 10,378,556 9,441,887. . Prop, retir. res. approp. subsidiaries) 1942—3 Mos.—1941, $1,445,435 $840,941 taxes •" redemption the: company will have retired $30,675,000 indebtedness since April 15, 1941,. thereby reducing' this debenture its the* amount 1942—12 Mos.—1941 1942—Month—1941 ■ ♦Federal taxes Co.—Earnings— (Including domestic Period End, Sept. 30— 1942, at .. , of 3% %"• debentures were called for 102 W and int.- Payment will-be'madeTrust,Co., .trustee; 70 Broadway, N; Y. • $3,000,000 Service Inc;—Earnings— $2,009,457 838,678 revenues Operating of holders 435. Other Profit * .. niter of 1, 1937.—V. 156, p. 609. Orleans Public New extra dividend of 5 cents in addition to the usual quarterly dividend of 10 cents on, tue common stock, par $5, both payable Nov. 30; to record Nov. 14. No extra was declared in 1941.—-V. 154, p; National Cylinder Gas City. dividend of $3.25 per share on 6,/js% cumulative preferred stock, investments,—V. Distribution— haye declared, an directors a the on said Dec. 21, on at the-Central Hanover Bank &, . National Brush Co.—Extra The paid 2 accumulations of the 20 Nov. . $100, to holders of record Oct. 27. This compares with $1.621/a paid on Feb. 10, May 1 and Aug. 1. last, and on Dec. 16 and 30, 1941. The previous payment, a regular quarterly of $1.62 ft par Dec, 156, p. 434. Hlllard, Controller.—V. Nov. on company account Schmeller, L. - On .. Presidcntr announced,7Voted- to redeem before the end: total of IJ.OOOiOOOyoutstanding' 3%%/debentures-, due in'; .... .--••• -.' '■ a year 1954. Co.—Pays Accrued Dividend— New Haven Clock Co.—New PresidentJohn this of redemption Foundry Aluminum & Bronze National on % Debentures— .• -'current;-TdiVtdei^;''fke.cla.'i!Ation;: the "directors, Edward L. Shea; 1942, and $1.75 per share in preceding June 30, quarters.—V. 156, p. 1506. with $1.50 pared compared as 17 Nov. on the Coincident; with- declared: a dividend' of $1.25 per share on, the capital- stock, par $100, payable Dec. 31 to holders of record Dec. 10. A similar distribution was made on Sept.' 30, last, as com¬ directors The usual, quarterly dividend of 25 cents to holders of record Nov. 28. An -aid on Dec. 15, last year, 20,.. 1940.—V. 156, p. 1610. also was 25 cents extra on Dec. with To Redeem $3,000,000 of 3 % England Telephone & Telegraph Co.—Dividend— New ' • cents per share has been declared on the dividend'of 50 extra An Monday;:November 23, 1942 FINANCIAL CHRONICLE THE COMMERCIAL dt 1868 the sale of 155,747 common? shares of the company, Associated Penn-Jersey SEC. The Gas Water SEC & Co. stated Electric for Corp., $3,224,665 that $2,000,000 to was John H. a Ware subsidiary of Jr. and the authorized Nov. 13 by the be of the purchase, price might notes. Mr. Ware is President of Penn-Jersey Water and the Delaware Valley Utilities Co.—V. 156, p. 1611. issued in promissory Northern Paper Mills, Green Bay, Wis.—Sells Bonds Privately—The company has sold privately to three in¬ surance companies a new issue, of $1,500,000 first mort¬ gage from serial klk% bonds,, series A, due $150,000 each year Nov. 1, 1948, to Nov. 1, 1957,; inclusive. In con- Volume nection Number 4127 156 with ;THE COMMERCIAL & FINANCIAL CHRONICLE : meats. this financing the company's term bank loans have;also been increased to.-an aggregate amount 'of and $640,000, duOin quarterly* instalments of $32,000 each 1, 1943, to Nov; 1, 1947, inclusive. was" arranged through Harris, The .financing , stated who that the would company the use Hall & proceeds to redeem were July 1 1, and Oct. 1, that the reduced to from $1 company, It is firming of 16 signed reorganization plan under which the would be acquired by the Erie RR. a 21 order an 1899 the under tracks had Erie lease. a been running miles Power & of tracks The extend from Hudson Operating, N. Under the payments, .The revenues— expenses Other J., Sparkhill, N. Y. to reorganization plan new securities of the Erie, plus cash be issued to Northern stockholders and bondholders. thai directed has the take exchange "" ,, place not V \ later Net ) output , ended week Nov. of • Northern* States Power Co. system 14, 1942, totaled 38,241,000 -kwh,,-as for the correspondihg week "last year, kwli. 4.6%—V. 156, p. '36,566,000 the 1778. • ■ /•;-;/ for compared ^ * • * Northwestern "Total ;oper. i Public -Period End. Sept. 30— . SOper. tPederal ..$684,765 revenues. „ & exps. taxes.^ income Service taxes. taxes come 2,199,807 147,132 80,640 Net 18,730 ..operating, income Other income (net) Gross income Total stock $147,173 71,240 : 78,114 67,027 301,689 sold were the to Consumers' were approximately. $357,000. for. 1941 ;1T94£ Federal income taxes the Revenue vto Act of additional income not had for which discount, 'the'refinancing in credited ; taxes had Power District to 1940-of for 7,-1941).. n. have been call premium and payable in purposes long-term-debt. 1940 company amounts '-v*-*' .accrued The interest.- ! sought SEC Cr430 $726,573 $821,707 458,478 458,478 companies by to form Edison Associated " , approval excess April $268,095 Corp. Utilities due Dec. 18, will 1942, NY PA to for , 1942, 30, consolidated acquired * with payable 40 cents 19 . a NJ, cents holders paid cents, it to money 156, of Dec. on Ohio Cities Water Corp. 12 Mos. End. consolidated was net total 20, Sept. 30— * - profits Nov. 1939; $391,448 pay $1,000,000 a trustee's for able held Mines directors Dec. 15 75 . by United cents cents Feb. 1942 • ; taxes-- \ ' current reduced , 186.613 26,165 income % by each from 18 funds 15, 52,230 Dec. 45,080 ; * Years End. Sept. 30— ' [', • "Y declared of 72 $32,183 • made rate Aug. on 75 Nov, stock, has /'Y. " v - 1942 | 1941 r- v* cents 156, 5s. in A payable been per share 156, p. 5.—V. the on common similar with 1941 ' ... ■ . . „ * . , dividend df 73 cents .per share, mon stock, Nov. 3, as paid was on Nov, 20 "previously reported). to V. recently holders 156, p. , 12 Mos. End.-Sept. 30— ;. >: Gross operating revenue._^___i .. of record '' > and of the on Nov. 30, of Inc., , .. interest,, discount & other income .deductions : ; Net Income i before proV; for Provision Federal - for Federal inc. taxes income taxes__'__ & of 1.941 ... minor.; int. 15, 213,889 48,439,696 43,959,764 * . . * share*-pay¬ 36.838.405 declared 12 against as and on preferred Dividends earnings—HV-JJ' : 1,641 on common stock_____ stock 1 Earnings -—v. 50 per i56„.p. common share——1J v Value of 1,973 8,330,434 7,914,683 12,522,548 12,522,548 . Stock Preferred Shareholders—. ." $2.20 ,....,, ;^, thevdeclaration of an A ' y , $7 pay¬ the date the reor¬ when 1943, 1, not of 2039, consolidated mortgage amount sufficient to an exceeding the and income from the due.—V. interest bonds 156, face amount of due coupons and presented the Jan, to the 1779. p. $1 12, last, 5, oper. & of U. S. District Court at Phila¬ hearing to determine whether a and declared $3, amended dividend a payable like Dec. amounts with June 12, Sept. 25 cents of 12 by each 12 and Dec. 10 the company cents of March on record June on share per holders to made were 12 and 1942, 12, 12, 1941.—V. 156, 1508. p. 1942—12 Mos—1941 $12,199,921 $11,760,224 $50,829,827 $42,465,523 and oper. . etc. 9,962,600 9,651,308 42,184,617 35,943,130 $2,237,322 exp., $2,108,916 $8,645,210 $6,522,394 97,063 126,831 434,245 638,249 1,006,756 850,779 3,895,534 3,048,919 457,148 227,019 1,505,542 541,858 Cr91 Cr890 2,335 32,554 24,064 120,499 65,786 54 79 192 262 $643,747 profit debt $880,234 $2,690,088 $2,224,986 discount U. S. for income & State Minor, share Dec. Can. income Declar, val. paid dividend " - prof, exc. & provin. inc.— inter, in subsid. Net on profit . —j_ Notes—(1) Canadian cents, taxes— normal* M-i; 1. including were liquidating 1942—3 Mos—1941 other inc. sales, Provision :.) per and 50 17 par compared as March 26, of of June record each par Nov. stock, on long term debt Deplet., deprec. & amor. 1508. p. the for 9, 1942, Int. on [', 75 .cents of of Dec. m., - cents; since dividend 15 / of ' payable Net profits subsidiaries. for the respective periods include profits of Federal Income taxes for the nine months (2) Sept. 30, 1942, have been accrued at the rate of 45%; No provision has been made for any possible liability for excess profits taxes for the year 1942 under Chapter 2, sub-Chapter E of the Internal Revenue Code.—V. 156, p. 1155. All Dec. of 25 cents holders to of record 15, 10 last cents year, Nov. 102 18. the compared 26, of the outstanding $1,108,500 1st lien and ref. mortgage 5% gold series A, have been called for redemption on Jan. 13, 1943 at interest. Bondholders may receive immediate payment at full redemption price at the Bankers Trust 'bonds, share per as Dec. on : been declared preferred and Co., •St., 1939.— June on March 15 13, $1.50; Oct. and 1942. 1, $1, series 28. Sept. account on stock, to holders of record Nov. on June 5, has cumulative made were y share per the 75,. cents New a 1*. of York City.—V. - - . dividend " of ^ Payments as no and 3gold V. 15, $2; p. 156, $1.50—V. 15, 1941 156, Provision admin, other & $1.75 1333. Other for bad share per has June 1942, 13, to been declared holders of June on record 15 and Payments during $2.25; Sept. 15, $1.75, Nov. Sept, 1941 30. as Dec. .- Dis¬ Federal for last, as ' Sept. 30, $2.— 1942 sidiary of for for 759.835 Interest and deductions of 1942, .* 321,128 $318,783 p. 2011; V. 156, p. directors- have a of 25 cents per share required, and Dec. 29,-1941.—V. 156, p. 1779. 94,006 490,415 523,069 224,049 to 162,386 157,855 subs stock¬ com. 10,387 5,303 $440,246 taxes at income on the results rate in $212,490 of its additional 1942 where subsidiaries for 40% of combined a the cover Act , 2% file period profits income consolidated will the on estimated ended of sub- tax tax returns pro¬ charged filed. are it being consolidated Federal is excess profits tax returns where permissible. Premised on filed, and separate returns for subsidiaries where not considered profits that taxes.—V. 156, the p. companies liable are for 1612. Pleasant Valley Wine Co.—10-Cent Dividend— A dividend of pares 1942. 10 cents per $1, payable Dec. par share has been declared Distributions Dec. 22, of 1941—V. Portland 10 cents 156, Electric on the 15 to holders of record Dec. 4. with 7'/a cents paid on Aug. p. 27, last, and 12 Vi cents each were made on April common This on 25, com¬ April 25, Aug. 25 612. Power Co.—SEC Extends Hearings before the SEC on the voluntary reorganization plan for company have been continued for about two months, which will Hearings on ttheycommonr'Stock,.; payable Dec. 29 to holders of record Dec. 10. ,t.This compares-with; 35 cents■*paid on Oct. 1, last; 25 cents on July .-4,-4942, and 40 cents each on April 1, 1942, and on April 1, July 1, Oct.>l 114,035 periods— Federal and excess returns Federal and dividend 165,245 . $1,216,772 469,653 stocks of applic. computed to corporation such 699. declared earned-'— taxes,.: subsidiary which Revenue income and Peoples Drug Stores; Inc.—25-Cent Dividend— The for was the stock, income 155, 67 interest Interest, amortization of debt discount premium (net) and expense, etc., of corporation —V. 2,781 319,615 subsidiaries $1,051,527 203,269 $642,759 $269,037 other 63,981 3,132 retirements 665,911 71,127 60 and the companies, sufficient The $1,372,651 $591,844 depreciation income $1,483,854 amortization—!—- pfd. minor a under 1941 $1,422,806 , etc.— 52,711 422,506 stockholders: on income net Note—Provision follows: 15, (& Subs.)—Earnings —— and Income minority accrued Income Net ' earnings ■Operating expenses, maintenance and taxes--.. depreciation, interest depletion for Provision . 12 Mos. End. Sept. 30— Gross taxes): common 15, were and less expense, holders 1,592,991 86,710 439,407 i $1,687,123 Depreciation, of 15,338,721 1,750,932 — Provision Portion the on — before 19,405,326 — debts— 1941 payroll, income Interest Co. (excl. exps. income Total M., trust Pennsylvania State Water Corp. Gross Wall $23,166,229 $18,458,456 taxes) (other than Federal income vided , 16 1942 revenues,--—. (excl.-depreciation, etc., property taxes)——'—*——.—.— & gen. franchise exhaust 15 'March trustee, 2095. p. Sept. 30—• operating sales other Sell., com¬ during and .... . made $50, par 149, (& Subs.)—Earnings— Months Ended Cost, of Distributions last, 15, and Dec. A, 9 Sales Taxes y. ; amount- sufficient to dividend Net of ? $7;' per;-share ; on the; -commdn'' stotk., payable out>; of surplus ;;'on TBed.'^ to; holders of record Dec;* 1. ^ Distributions of 30 cents.-each were made on this issue on Jan. % April ilvJuiyxl/aiid. Oct, ;1, last. Pay- $1.25 on Dec. • California—$7 Dividend—Par Changed—Proposed Offer to The-company5 :on; NoVi^iarannounced of follows: as Minority 1,240,395 $2.12 786. Common cash of Co.—Tenders— 1, Jan. coupons Distributions Gross 50 cents ' y , holders to stock, a on were 21,677,626 744.033~ Pacific Finance Corp. of ? 21,597,015 ' Balance of securities of Dec. 30, 50 cents. , of quarter initial 1940,. and payable 10,403,162 21,679,599 applic, to Pacific Gas & Elec. Co. Dec. made was Dec. -14, on each with , stock, 32.082,761 21,598,656 Dividends ' due Kirkpatrick on common general made Liquidating Dividend— an tributions of $1.50 each ^against $2 on March 14. 11,601,291,11,877,003 capital stocks held by public undistrib. 14 each directors on Cost Pennsylvania Salt Mfg. Co.—$1.75 Dividend— 16,440,726 15,239,749 in elimination postponement of new Pittsburgh Coal Co.—Earnings— last, 60 H. submitted Dividends 52,259,570 213.685 . cents Provision Remainder Jan. on prices Period End. Sept. 30— certificates, series D, due 1944, $100,000, the sum now payable to the sinking fund, at prices not exceeding par and int,—V. 156, p. 1779. 112,446,171 , 1.1-4- on the for the 1155. 49-year;, guaranteed ■fto $ , surpluC__lLl_„-.lTi;_lu._l'_;^. to subs, for and on 1420. p. detached for payment 28. and (Inc.)—Tq The ; Net'income it at be Operating profit ■ ' . $, • Divs, to interest William the on Sept. Pennsylvania RR.—Tenders Sought— V 48,-226.01.1-,/.43,745,8-75• —- Gross- income- Bond & ,other 6% and 1693. p. Girard^'Trust Co.,/trustee, Philadelphia, Pa., will .until 12 E; ;W. T., Nov. 30, receive bids for the sale to it of Pennslyvania 124,545,789 ; income the on the Nov. in Distributions 1942, dividend capital payable distribution p. 1693. (not ' -i - .. were p. ' . . operating revenue. 1942 year Philco Corp.—10-Cent Dividend— ■ corn- Nov.-, 2 1420. 50 pared *.A Net the its on 1941, or each $1,000 year on "worthy of consideration", the not) or Payment will be Oct. a Dec. paid declared par,value, payable Dec. 15 "'T- the on ^Maint.,-oper; & admin, expenses} .taxes, etc-..™ 59,108,997 /Provision for depreciationil —17,210,781 Miscellaneous for 1942 year the 259. stock, cents dividend A x ■;' • declared , 20 156, accumulations $133,878 '' - ■ 4, Pacific Gas & Electric Co.^-Earnings— !'* ' ■ V; • ' .' < • 1942 '. ; for principal and whether the company is solvent or The important change in the March plan provides for an increase amount of proposed new bonds from $1,054,800 to $1,057,300 and in new common stock from 10,548 shares to 10,573 shares. Present bonds total $2,267,000.—V. 155, p, 1316. Pennsylvania-Dixie Cement Corp.—Accrued Dividend 'Increase • $2,651,802 Outboard Marine & Mfg. Co.—Dividend Dates— r ■{ ' 963.,,...y/ , 156, series'A, Pittston Co. ^ ; $2,785,680 156, p., \ 3 V. $3.34 156, p."1508. 1942 sales —v. provide accrue March in to per share. per April on declared 17 recently The directors -; Oppenheimi Collins & Co., Inc.—Net Sales Show Gain Net of not. .Pennroad Corp.—To Pay 25-Cent Dividend— , $3,70 Thrqe Months Ended Oct. 31— i of referred Products, of 27. $1 1939, and, in addition, extras of 1939, and on Dec. 26, 1941.—V. 156, directors Vi sale should plan Sales, Nov. of 31 cents , ♦On 550,000 shares outstanding.—V. at Pittsburgh Suburban Water Service Co.—Bonds Called - />•-. —— v Court . share., common District for the Interest interest the plan, p. is of the voting stock is owned, dividend a Penn-Mex Fuel Co.—Initial 11,774 > revenues!!_"i$ll,269,419 y $9,492,747 Grpss income after retirement reserve accruals 3,509,428 ■ '3,265,82o-Net income i—-ll!!—. 2,629.472 2,428.810 "Earnings per to by will $22,629.63, 1943, •ended Operating . plan for the Federal portion Consolidated record the at 1942, on amount 26, Nov. Co.—Earnings— !'v •: bond, 3Va% account on and delphia, has fixed 2 42,905 $30,907 — p S. Philadelphia & Western Ry.—Hearing Dec. 9— $0.96 - common, The Oklahoma Natural Gas the the Judge 1939 and (whether declared 1942. like . — and $100 bond, interest Fixed The March; 15, .., dividends of ——— to bonds, company 156, $481,971 periods Fibreboard Enterprises Nov. were for absorb 1. 1941. in that previous than 50% to-stockholders States June on 28, the A $131,943 * subsidiaries,./———;.-—-42,905 Interest, amortization of debt discount and expense, etc.,. of corporation.. ,600 4 27. excess voting stock is owned.—V. & on The.directors 17,712 $126,642 Interest, amortization of debt premium and expgnse. (peti, etc., of subsidiaries —*• 156, p. 786. U. approximately $38.50 per $1,000 bond. approximately $24,500,000 of the 5s outstanding called which bonds. Penick & Ford, Ltd., Inc.—75-Cent Dividend— on —V. to war. and more received and i $336,268 197,164 "V depreciation and retirements.'.— income $1,000 per bonds, Philadelphia Transportation none $0.77 during 1941 were as follows: Jan. 15, 50 cents; Sept. 30, 25 cents; Oct. 28, 30 cents; and —V. 156, p. 1332. ;*:. y ; . ' *' 1941 * and Net petition Co.—Interest The Fidelity-Philadelphia Trust Co., trustee, 135 So. Broad St., Philadelphia, Pa., will until 12 o'clock noon, E. W. T„ Dec. 15. receive profits taxes recently enacted Revenue Act the earnings which ' taxes $360,320 income not was and 1942 of the exactly 50c of the The instal¬ certificate Operating expenses,* maintenance -preferred Iron according to an announcement by R. E. Tag"is being made because of delay in the consummation plan of reorganization," and will be accompanied by a proposed now from ' $0.99 the basis of on thedividends in „$349,971 Provision for & recommendation, ments Pay Dividend of $i Per Share— with (& Subs.)—Earnings— ; to President, the amendment the on 1938.—V. $494,610 Federal provision include proportion Patino originally w?is Gross earnings !— Gross of of as y e Estimated tax 19, 1940 $0.76 payable record 1941 $385,380' on from 1692. p. of $50 or bond; mortgage are 3%-6% share per Dec. on Payments • The gart, <& Subs.) -Earnings— 1942 profits tax refundable after the -but* only 1 whose'"name $5,000,000 Coal voted . i This (2),, The ahove 50 to share per stock are 1942. . •-* Dec. of . i There opera¬ dividend a profits taxes of $390,951 in excess [' ,'-r the use on Guaranty Trust Co. of N. Y.—V. , refunding Inland were depreciation; amortization, Federal income 1942 of been- repurchase ! ' interest, mortgage $1,000 per debentures $363,229 wholly-owned subsidiary, former previous payment was 50 Notes—(1) from *'•». i $10, par per-share common .. *•'. 1 Mohawk -before 12 ' $29,000,000 of the 6s. $89,505 stocks— to its declared profit "V y*After, the have -s.-•• i "■ issued were Metropolitan ment, 17 263,794 Crl,277 Utilities bonds other Nov. on prior and u .Earnings 1941 resulting expense Such if The ♦Net Corp.,- an affiliate, $1,000,000 of Mohawk Valley consolidated.-refunding gold bonds for $1,000,000* cash and 6% 345,984 $51,827 • 3 Mos. End. Sept. 30— with and have compares which The Associated 1,025,000 i— $35 $2,110,071 1,025,000 19,927 5% refunding ganized company.—V. those companies in Co. $2,096,280 - preferred Full Dr861 • 85,417 85,417" 25,061 for periods . Nov. on ' ■ follows: as $2,110,932 Dr819 - $194,849 Paraffine Companies, Inc. ;, 'NY PA NJ Utilities Co.-i-Seeks Purchase of Bonds— ; • $162,305 - to 699. p. unamortized*-debt* discount;' -call premium, and expense. -> taxes, other1 than Federal income and: excess profits.— 156, p. 868. ? 'i $2,097,099 Drl90 ?. company directors since. on including V, $195,039 Dr370 . directors money value of $1,268,950. Philadelphia for permission to make payments during the current year on account of principal and interest on its outstanding obligations, date. "This represent amounts equivalent tax $162,675 - Light Co., whose net assets and business capital, stock, Neb., }, computed .'in. accordance >would benefit the 230,252 ' the & .The • $91,255 < Public (from. Ja have been These charges deductions company ,-of : 1942. . $1,866,847 19,011 bids ;275,683 1, 1940. Under an agreement dated Jan. 7, 1941, the company purchased- the gas utility -properties 'of Central Power Co.,' an asso¬ ciated company, located at Grand Island ar.d Kearney,-Neb. Operating revenues;,from the North Platte Division electric properties were •approximately $292,000 for .1940 (to. Nov. 1). Operating revenues of. the gas utility, properties at Grand Island and Kearney, , $1,885,179 225,753 The ..Pacific Western Oil Corp.-—Resumes Dividend— $363,610 •- Nov. ■< •, 134 a Philadelphia & Reading Approval Sought— provisions for Federal taxes of $10,670 for the current month and $117,164 for the twelve months ended Sept. 30, 1942, addi¬ tional .to the.amounts required under the Revenue Act of 1941.—V. 156, p. 1692. - /•■* $87,627 company's North Platte .Division"electric properties and certain assets 694,900 $176,028 on purchases. The block had —V. 156, p. 1612. 316,688 .. 270,561 $857 - : Special Offering —A special 50,000 shares of common stock — of ' $679,997 $361,816 - 68,202 . $5,356 v ". $663,504. $69,059 $72,382 / _ Balance ♦The of that 2,684 r. divs.— applicable ♦Including tions $677,313 3,183 \ income 1— other $660,322 394 $143,622 —: 812,025 19,301 ■ Corp. flncludes $146,779 191 . 57,908 Balance - .75,628 $143,432 —- deductions Net Preferred 27,687 . 633,524 $143,374 . income——— Dividends . Power [- —— 585,525 plar chgd. to construe Net .1942—12 Mos.—1941 517,355 30,958 of - $2,916,869 2,083,287 • lease ... tCharges-in lieu of-in- , 55,532 s. $3,034,948 .- 426,705 192 oper.-revenues. - 14,779 510,375 3,083,906 644,396 58,333" of - $697,643 ■ $6,724,348 3,055,799 43,557 ... with Co.—Earnings—. 1942—3 Mos.—1941 — - .Int, . $6,964,784 273,148 51,963 , the -Increase an ^ - 1942—12 Mos.—1941 $606,273 res. approps. Dodge 8. 31. at 25%, with a commission of 40 cents a share. The offering was completed in 37 minutes. There were 367 Statement 270,534 Operating incomesOther, income (net) . Electric Phelps offering of a block (par $25) was made than :: Northern States Power Co. (Del,)—Weekly Output— 1 12, 1942. Payments during 1941 were as follows: Jan. 10 cents; June 20, 27 »/a cents; Dec. 22, 42 cents,—V. 156, p. 963. on on the New York Stock Exchange Nov. 13 by Smith, Barney & Co. The shares were priced $573,664 _ investments Rent fr. . a March Amortiz. of limited-term will court liquidating surplus. holders of nonpremium above par for 49,460 taxes Prop, retir; [Feb. 28,'next.—v. 156, p. 1332. Petroleum Trading Corp.—45-Cent Dividend— The directors have declared a dividend of 45 cents per share the class A stock, par $5, payable Dec. 15 to holders of record Dec. This compares with 25 cents paid on Aug. 5, last, and 10 cents has a 1942—Month—1941 tPederal taxes Northern County, cents, Co.—Earnings- •Comparative Income trackage the over outstanding 1869 . stock contemplates offering Light Period End. Sept. 30— con¬ Operating trains create each common holdings. Holders of non-callable 8% cumulative preferred stock, A, of $10 par value, will be asked to accept a call price of $10,4d .a share, and holders of non-callable 6%% cumulative preferred .stock, series C, of $10 par value, a call price of $10.32»/2 a share. In liquidation these issues would be paid off at par.—V. 156, p. 611. road the Since • Nov. on cents the 20 series Jersey—Trackage to Go to Erie Smith 30 of . Pacific William F. to special a value of par $10 in order issues ' Judge 1, their on ^immediate payment of the fUlTredemption price and interest to May 1, 1943,' by presenting their bonds to the Harris Trust & Savings Bank jof Chicago.—V. 154, p. 753. Northern RR. of New March quarterlies of reported, callable .preferred tstock May 1, 1943, $1,440,000 of 5% bonds, series of 1928, and to increase 'its working capital." Holders of the 5%■ bonds, it is stated, can-receive Federal follows:. as also announced was The > Chicago, Co., April ; It been von Feb. daring 1941 the * i allow the further Bonneville contract or an opportunity Power for negotiations between the company and looking to a long-term power Administration .option for sale of the electric properties. Jan. 15, 1943, it will stipulate that Portland, Ore:, in order to facilitate of local interests who desire to be heard. Dr. Paul J. trator of Bonneville, did not appear as a witness at around transferred to Philadelphia, but is expected to at Portland. Bef. Inc. & . Prof. Tax 1941— First quarter Third Reserve $419,000 676,000 504,000 $220,000 355,000 265,000 1,599,000 Months 840,000 1,728,000 i * 879,000 30___*_— ending Sept. Inc.—87%-Cent Dividend— —V. 156, made.—V. was 1942— * quarter 391,000 531,000 489,000 524,000 712,000 655,000 *.*, - * quarter — 133,000 181,000 166,000 of directors declared 13 Nov. on of dividend extra an 20 30*—,*— ending Sept. 1,411,000 1,690,000 1.891,000 2,423,000 months*. nine months 12 The directors cents per holders sentence" orders, the corporation and plan of reorganization. consolidation of five subsidiaries in Vir¬ 171.062 shares of $6 The Jersey—25-Cent Common Dividend— declared 17 Nov. on share on the common stock, three declared also directors cents per share on the 6% to holders The vides New held.—V. share each Taxes the dividend declarations, said in dividend on the common stock of announcing current quarterly in corporation, "The of 95 cents per share for the year and the $1.20 per share it was thought a year ago could be paid during 1942 is, of directly attributable to increased taxes and other war condi¬ 1942. decrease The which course, amount this between tions. hoped by the management that so far 'as the future can now foreseen, earnings will justify maintaining the dividend for 1943 the basis of 25 cents per share a quarter, or $1.00 per share for "It is Reconstruction 156, —V. the plant and, as no objection was raised by the corporation, RFC was placed in control. The RFC asked for the plant under the second War Powers Act, presumably will turn it over later to whatever governmental agency have charge of the operations. Mr. Kabatsky said that corporation officials would confer later with the government over the price to be paid. He said the plant and already Appeals SEC Ruling— 13 that it had carried to the U. S. Supreme Court its fight against a ruling of the SEC holding that the company was a subsidiary of United Gas Improvement Co. and The announced Nov. company United The Corp. • V. Court Supreme to grant a writ for review of Appeals in Philadelphia in uphold¬ asked been has action of the Third Circuit Court of ing the ruling handed down by the SEC Sept. 15, 1941. Corporation has disputed the SEC finding that stock holdings of UGI and United gave them control over it. The Circuit Court upheld the SEC Aug. last.—V. 12 156, 1612. p. during 1941. 156, p. for week a on of proxies to be voted at a special meeting for the purpose of authorizing creation used by it in solicitation be of stockholders of 15, Dec. on mortgage and issuance of debentures as new a voluntary reorganization plan. The declaration was filed on dated Nov. effective the Commission to delay action until Nov. 24, .indicating management plans to file another amendment, possibly affecting material contained in the original statement.—V. 156, asked that the has company 1779. p. Nov. been which under - excellent, of the public with wartime travel regulations confusion still exists regarding the terms for unused sleeping and parlor car space are some refunds permissible, George A. Kelly, Vice-President, said. Refunds • may be made, Mr. Kelly explained, when tickets have been released sufficiently in advance of train departure to enable resale or when connection has been missed due to delayed arrival ■ of jL 156, p. 1613. connecting train.—V. a • ' - directors Nov. on the j Nov. common 15 stock, payable both An extra of 75 cents 30. Sept. declared, an 18 the usual quarterly share in addition to on and Dec. 1941.—V. 15, extra operation Nov. 7, 1942, 1941,—V. 156, p.- 1510. were Sanford declared have $1.25 per dividend of 25 cents per share Dec. 15 to holders of record was paid on Sept. 156, p. 613. 15, last, and on distribution similar of dividend stock, par of Distributions per share Nov. 50 cents 20 Dec. each cents has been declared on the com¬ 15 to holders of record Nov. 30. made on June 15 and Sept. share per payable $10, on- Nov., The directors Nov. on declared 16 an during 1941 were as follows: June 16 and each, and Dec. 16, 50 cents.—V. 156, p. 613. Sept. from operations Extraordinary studio write-offs and Depreciation for Provision Dividends on income common and $2,302,211 633,905 968,513 1940, and one of 25 cents on Dec. 15, 7% after all charges pi'd. stock 289,267 39,389 39,501 Purchases Authorized— to *$389,853 $644,775 ♦Deficit, bond.,J $1,000 for has been not proceeds .of bonds of ceeds 1942 appear to for Federal income taxes is based on a 40% compared with a 31% rate for 1941. No provision Federal excess profits tax as the companies do provision as made for be liable in this respect.—V. 156, p. 700. . <. such persons • & in The Southern the Union To redeem ... amounted to more than receivers may continue to accept tenders of/ the Seaboard-All Florida bonds at the same figure of $160 of authority By the $1,000. The order also provides that where bonds have been the committee and certificates of deposit issued, the may the deposited with receivers also certificates, paying therefor in addition to the price bond such deposit fee as might be charged by the committee buy the of for not exceeding $15 per $1,000. The receivers recommended, and the court ordered, that tenders on four other companies leased by the Seaboard—the Georgia-Alabama, the Georgia-Alabama Terminal Co., Tampa-Gulf Coast, and Tampa Northern Railroads—be rejected at this time.—V. 156, p. 1780. the 37 V2 Corp.—Dividend Again Acceptance directors on Nov. on declared 7 a dividend of Cut— cents per cents stock, 1, quarter 1942, as and from Dec. 24, 1939 and including to Oct. 1, and each 1941.—V. 156, 518. Shattuck Co.—Extra Dividend— (Frank G.) directors The share in on holders of per share 156, p. have addition the capital record Dec. was 1156. paid, declared extra an dividend of 40 cents per quarterly dividend of • 10 oents per stock, no par value, both payable Dec. 21 to 1. On Dec. 22, -last year, an extra of 20 cents the to as r usual 10 cents extra on Dec. 22, against . ■ - - . < the to promissory, note , order of First' Dallas _ 1 $750,000 ' Union Gas Co. (Old). 5% promissory note Oct. 1, 1942, payable to order of Northern Trust Chicago Co., 105 ,at * 200,000 inch,. at 100r_,_,** (5) $1,215,000 New Mexico Gas Co/ first mortgage series A 15-year 5% sinking fund convertible bonds, due' May 15, 1951, at 103*** * :*_L (6) $226,000 B New 15-year 5% at 1 892,500 * (4) $185,000 Texas Southwestern Gas Co. serial bank loan, 4%, due serially Dec. 15,' 1942, to March 15, 1946, , : $850,000 Texas Southwestern Gas Co. first' mortgage Sinking fund bonds, 4%% series, due Jan. 15, 1956, J . 185,000 * 1 1.25M50 Mexico Gas Co; first mortgage series sinking fund bonds, due Nov. 15, 1954, 105 237,300 ;*_ (7) $76,250 New Mexico Gas Co. serial notes, due Oct. 20, 1942 to Jan. 20, 1945, at 100:. (8) serially $361,200 76,250 Gas Co. of New Mexico convertible first mortgage 6'/2% bonds, due Sept. 15, 1944 (payment assumed by New Mexico Eastern Gas Co.) (closed) at (9) 101 * 364,812 $107,500 Pecos Valley Gas Co. first mortgage 6%% bonds, due May 1, 1944 (payment assumed by New Eastern Gas Co.) at ' 108,575 101 (10) $33,800 contracts payable Mexico Eastern Gas Co. conditional ,5%, due serially to March 25, 1944* 33,800 (11) $26,673 New Mexico Eastern Gas Co. 5% contractual obligation maturing serially to Jan. 1, 1955 26,673 Reorganization expenses in connection with the con¬ summation of the Plan of Merger and Consolidation (c) For made on the compared with 20 cents each on April 1 Dec. 24, 1941, and 25 cents per share on (Old)-5% payable 1942, • (2), Southern per $25, July 1, Bank, (b) 10 stock, par $4, and the usual quarterly dividend share on the 6% cumulative preference stock, par common both payable Dec. 24 to holders of record Dec. 10. On Oct. 1, a distribution of 15 cents per share was (as of \ Oct. dated . Securities of ' the following, (exclusive of interest) 1942); National order, per bank loan, will become In the amount of $4,327,598 Production Co. , pay or Southern Union . Gas Co. (3) the time the order was closed Tenders up to company with the to be received by the company from the sale of $3,650,000 and $250,000 to be received by the company from the pro-, *.(1) • on Ry. . ^ of Issue—The net proceeds to be received by the of- 240,584 shares of common " stocky together sale 1, . companies. placed with the insurance Oct. 15, 1939.—V. 156, p. 1780. of amount aggregate an 103%%, is purchasers used as follows: (a) dividend of 50 cents per hearing. share Note—The rate the to be Seaboard-All Florida RR. bonds at $160 per order was issued at the conclusion of an all-day tenders purchase p. of to of bonds and Connecticut purchase $1,000,000 bonds. such been Purpose from to of Rollins has dated common 997,659 sell Mutual Life In¬ The price to bo Company will pay Sons Inc. the sum of $18,250 as compensation finding purchasers of the bonds. The bond $2,650,000 services its Ry.—Seaboard-All Florida Bond Line Air Seaboard $1,971,201 1,050,357 taxes subsidiary in hands of public profit reserves—' . Oct. 4, '41 Connecticut to agreed each H. E. ■ Dec. The Oct. 3, '42 - and obligated Co. by issue quarterly dividend of 25 cents per share on the common stock, both payable Dec. 15 to holders of record Nov. 30. Extras of 50 cents each were also paid on Dec. 15, 1941, and 15, Kadio-Keith-Orpheum Corp. (& Subs.)—Earnings— • be separate into Co. in addition to the usual share share 39 Weeks Ended— the corporations 23, 1942, the constituent corpo¬ agreements with Northwestern Mutual Mutual Life Insurance Co. pur¬ to which the constituent corporations agreed that the company Mexico cents Net the 29, extra on Privately—On Sept. Bonds purchase were Payments Frofit to holders to 25 made was> 15, last. 20 > on of general corporate funds of the company $7,500,000. Pyrene Mfg. Co.—50-Cent Common Dividend— A $2 stock constituent entered Insurance surance of record Nov. 18. A 1941, which compares with $1.50 each on July 25, 1941, and Nov. 30, 1940, 50 cents on Sept. 16, 1940; $1.50 each on June 20 and Sept. 1, 1939; $1 on Sept. 1, 1938, and $2 on Nov, 30, 1937.—V. 155, p, 268. payable stock, common expenses mon of held meeting stockholders such such , for dividend a a 1962. Mills—$2 Dividend— directors The at $3,650,000 of first mortgage sinking fund bonds, 3 %% series, due Of such amount Northwestern Mutual Life Insurance Co. agreed of 2,549, compared with 2,991 - Co,, Gas approved Texas. should $ . Union Southern of common of suant Nov. 8. '41 Nov. dividend of Pure Oil Co.—50-Cent Common Dividend— A dividend of 50 cents per share has been declared on the com¬ mon stock, payable Dec. 21 to holders of record Dec. 1. A like amount was paid on this issue on Dec. 1, last, as compared with 25 cents on Dec. 20, 1940.—V. 156, p. 1059. . Life Judge Luther B. Way in Federal District Court at Norfolk, Va., 17 signed an order authorizing-receivers of Seaboard Air Line Pullman, Inc.—Extra Distribution— The of Dallas, (The) Schiff Co.—50-Cent Extra Dividend— cooperation Although 8, Merger Effective—Stock — having the right to subscribe for one company for each share of common owned. Subscription rights expired Nov. 12, and the unsubscribed shares were taken up by the underwriters. The following were selected as dealers to render services in connection with the offering: E. H. Rollins & Sons Inc., New York City; W. C. Gibson & Co., Chicago, and Rauscher, Pierce & Co., of stock paid celled Late— has in Stores on Co. Gas Union 1942, share, share 40,151,771 506,824,050 407,731,680 44,589,139 •___ - 1941 1781. p. p. per 44 Weeks Ended— $ Jan. 1 to Nov. 7 1942 1941 $3,839,750 $227,994,205 $155,274,842 $5,824,644 Gas Co. has been changed to Southern Union Gas Co. details of the merger plan were outlined in "Chronicle" Oct. 1334.) I Underwriting—Texas Southwestern Gas Co., as the survivor corpo¬ ration under the plan of merger, initially offered 240,584 shares of common stock to holders of common stock of Southern. New Mexico Gas and New Mexico Eastern, of record Oct. 14, at a $1*50 Refunds Made if Tickets Are Can¬ Pullman Co.—No Ry.—Earnings— [Full 12, to 6, and the proxy statement was of the Commission, declaration would after filing, or on Nov. 17; but the days 11 Sales Nov. rule Under the 16. become have part of its proposed 1 v Its Bonds— Week Ended Nov. 7 30, rations Nov. 7, '42 $ "* Nov. 8, '41 Nov. 7, '42 in an amendment, has asked the SEC to delay action its declaration with respect to the proxy statement to $16,825 western Higher— Weeks Ended— 4 Action—The company, $2,371 ■ the adoption of an agreement of merger providing for the merger of Southern Union Gas Co. and its subsidiaries into Texas Southwestern Gas Co., one . Of Southern Union Gas Co.'s subsidiaries. The name of Texas South¬ 700, Safeway Stores, Inc.—Sales Again Delay Proxy 117,228 -— 63,329 consolidation Sale Puget Sound Power & Light Co.—SEC to 1421. Stockholders Sept. cents each paid also paid on June 16 and of 25 cents each were extras 1941.—V. 15, and earnings 156, and quarterly of 25 cents were paid. In addition to four regular quarterly dividends cf 25 Dec. dividends*—*—*— $134,930 118,105 * Southern stock, common $119,599 Subscriptions—$3,650,000 Bonds Placed Privately— payable Dec. 15 to holders of record Nov. 30. A similar distribution was made on this issue on Sept. 15, last, while on both March 14 and June 15, 1942, an extra of 12,/2 cents and a the — * 156, p. 1781. —V. dividend of 37 Va cents per share 17 declared a directors on Nov. The 1941 " $282,950 84,691 is Gross Dividend— (H. II.) Robertson Co.—37%-Cent on 1942 reported that this company is continuing its policy of reducing purchase of its own securities in the open market. In the period from June 30, 1942, to Oct. 31, 1942, the company pur¬ chased $3,382,000 of its 3% % 10-year secured bonds maturing July 1, 1946, reducing the outstanding principal amount to $49,382,000.— 1694. engaged in war work.—V., 156, p. was to $274,190 84,439 70,152 Southern Pacific Co.—Purchases will Should arrearages Ltd.—Earnings— * .*_ depreciation 155, p. It plant to manufacture forged aluminum cylinder Associated Press dispatch from Detroit which the predicted with but in times like the present nothing can be year, certainty. months' funded debt through an said: Kabatsky, assistant United States Attorney, and Republic Steel officers appeared before U. S, Judge Arthur F. Lederle on an' order to show cause why the RFC should not have immediate occupancy there be additional earnings, as there may be, in the opinion of the management they should be conserved until the future can be seen more clearly." the six * 1942 of Julius of of care _*__* Period— officials of the above company, the Finance Corp. on Nov. 13 took over the Republic com¬ according to heads, , take 1157. p. Surplus 85. p. cooperation pany's Monroe, Mich., further 16. '> _ Southern full preferred Nov. __.****_ Interest, Republic Steel Corp.—RFC Takes Over Plant— the 6 % ******* Net earnings mortgage bonds of New Virginia With 25 cents per share will make a total on New the monthly dividend for January of pref. stock, payable on or before Jan. 15 15. record Dec. of substance: be Operating Co., New Cumber¬ Valley Co., and Abington Electric Co., and 30 shares each of Virginia Operating Co. and New Pennsylvania Holding Co. for $1,000 face amount of collateral trust bonds held. It also pro¬ for distribution to preferred stockholders of two shares each of Virginia Operating Co. and New Pennsylvania Holding Co. for each earnings of $3 dividend A record Operating expenses preceding quarters. The 50 , to land a quarterly dividend of 25 cents payable Dec. 21 to holders of record Nov. 27. This is for the quarter ending Dec. 31, 1942, and compares with 20 cents each paid on June 30 and Sept.. 30, last, 30 cents each on March 31 and Dec. 19, 1941, and 35 cents per share in each of the directors The per 156, 1937.—V. 31, a class of $1.50 on Feb. 28, 1941. current payment will Gross plan provides for the dissolution of Republic and the distribu¬ bondholders of $500, either in cash or equivalent face value tion first $315,426 par common. of Public Service Corp. of New declared the on holders to 30 Southern Canada Power Co., struc¬ shares of $6 par value common stock. Also for consolidation of three Penn¬ sylvania companies Into a new operating company called New Cumber¬ land Valley Co., with capital structure consisting of $275,000 first mortgage bonds and 10,000 shares of $10 par value common stock; and organization of a new intrastate holding company in Pennsyl¬ vania which will own the capital stocks of the Pennsylvania subsidi¬ aries. The latter holding company will have a capital structure of / • $294,206 $588,904 $298,706 Month of October— ginia into a new operating company, which will have a capital consisting of $1,400,000 first mortgage bonds and 171,062 of 8% payable Dec. 15 cents per share Dec. 15, 1941, and 8 cents on on on for the • I The March ture share on the original and cashable stocks, of record Dec. 4. This compares with 8 June 15, last. 8V2 cents 16, 1941.—V. 155, p. 1926. paid June plan provides The dividends semi-annual declared 13 "death with compliance In Co.—8%-Cent Dividend— Nov. on Corp. Plan Reorganization subsidiaries have filed with the SEC a voluntary 157,000.—V. 156, p. 1612. to Files With SEC— of the nine months' cumulation. The tax reserve for nine months reserve is computed as follows: Federal normal income tax, $254,000; Federal excess profits tax, $1,- Public Investing made with Service Republic the pro rata portion . Nov. and 480,000 733,000 •Income and profits tax reserve for nine months is based upon the rates established by the Revenue Act of 1942, and the amount of the reserve applicable to each quarter of 1942 as shown above represents ♦First able 1939 1940 , Dividend— have accumulations of 1151. p. $244,149 -7,476 per share on """ount stock, par $100, -prySimilar-distributions weiu on this issue on Aug. 10, last, and on Dec, 26, 1941, as compared $1.50 on Sept. 15, 1941; $3 each on May 15 and July 15, 1941, directors The cents share in addition to the usual semi-annual dividend of like both payable Dec. 15 to holders of record Nov. 20. Extras 20 cents each were also paid on Dec. 15, 1941, and on Dec. 16, 1940. 154, - 1941 1942 oper. Accumulated amount, —V. -I** Fed/ inc. taxes other deductions, and Div.— per quarter Second Third "$241,905 43,444 *.*1— Sept. 30— after income exps., 788. p. Reliance Insurance Co. of Philadelphia—Extra The Net ' First $267,149 23,000 Sloane-Blabon Corp.—Earnings— 15 and Sept. 16, June share 759,000 849,000 2,168 $275,905 34,000 __-_* r 789. p. 9 Mos. End. 15, last, and on March 15, June 16 and Sept. 15, 1941, while on Dec. 15, 1941, a payment of 87Va cents per March ,'i profit 156, 2,953 . before write-offs—* Capital expenditures —: Z Nov. 18 declared a dividend of 87 Va cents per share stock, no par value, payable Dec. 15 to holders of Distributions of 37'/a cents each were made on 30. Nov. 1 taxes for Realized ■ revenue income Provision administrative-costs* & on common record $199,000 321,000 239,000 - nine the on Reserve , - . quarter months First 12 Reserve - quarter Second Aft. Inc. & Prof. Tax Prof. Tax Inc. & $264,981 Total radiogram. To facilitate filing of the messages, special forms containing all.texts, are available at all Western Union offices, accord¬ ing to the RCAC announcement.—V. 156, p. 1694. per The directors (& Subs.)—-Earnings— & Co. $272,952 profit Non-operating any Raybestos Manhattan, * "• 691,002 Operating • three of more than 100 texts may be trans¬ mitted to members of the American forces in Australia for 60 cents of selection A Philadelphia testimony was introduced tend¬ ing to show that the management of Portland General Electric Co., a subsidiary of Pepco, had asked a price of about $60,000,000 for its electric properties, and that the Bonneville authorities had offered around $54,400,000, although it was indicated that the spread had since been narrowed to about $4,000,000.—V. 156, p. 1779. During the hearings in Poor Time. War 1941 $955,982 785,647 operating Development, Communications, Inc., effective Nov. 15, 9 A. M., Eastern R.C.A. by Message Service (American Expeditionary and from Australia, was announced on Nov. 13 to messages) Forces ' / QuarterEnded Sept. 30—' T 1942 return from metal sales***.;***,$1,058,599 Net the Soldiers' of Sherritt Gordon Mines/Ltd.—Earnings— : Australia— Message Service to Extension Radio Soldiers' America—Extends of Corp; Radio orders hearings recon¬ the hearings be the appearance Raver, adminis¬ the hearings at be called when hearings are reconvened when-the ' Commission expected that is It vened, Monday, November c23, 1942 COMMERCIAL & FINANCIAL CHRONICLE THE 1870 1938.—V. New 130,750 (estimated) working capital 70,488 (estimate) proceeds from the loans to Southern Union Gas Co. (Old) by First National Bank, Dallas, and Northern Trust Co. in the aggregate amount of $950,000, together with other funds of Southern Union Gas Co. (Old), were applied to the following purposes: (a) To the •The Oct. 1, 1942, of $911,800 Southern Union Gas Co. (Old) collateral trust 6% sinking" fund gold bonds, due Oct. 1, payment on 10-year at 100 and accrued interest to Oct. 1, 1942; and (b) to deposit .with a paying agent of funds for application to the payment of Southern-Union Gas Co. (Old) scrip certificates due Oct. 1, 1942, 1942, aggregating with interest to Oct. 1, 1942, the amount of $40,451. I V61ume 156 -"'Number* 4127 '/rf - THE COMMERCIAL & FINANCIAL CHRONICLE Capitalization^ pf^the Company,^Subsequent to -the Merger—Thq agreement of merger-and consolidation provides for the issuance in exchange for- outstanding-securities- of the' constituent corporations not to exceed a ..maximum of $2,441,800 of 25-year sinking fund 6%'. debentures, due Nov. .J, ri967;. and: 725,816. shares of common stock • (par $1) ofthe-company, plus such additional amount Of debentures or common :stock. as may be issued upon conversion of . Standard Ruling— : any of New, Mexico debentures ' Gas. shall be New or. executed Mexico 'Eastern. and delivered When and as account on of at of N. J.—Asks ' has company petitioned Refining Process Third Avenue- Ry*—Bonds Called for Redemption— theU. S. the "• There ...... District Court at have been called for redemption: as of Dec. 1, 1942, a total $400,350 of first mortgage 5% 50-year gold bonds dated July 1, 1887, of the Third Avenue RR. Co., at a price equal to the unpaid balance of the principal amount ($850 per original $1;000 bond); paypient will be made at the City Bank Farmers Trust Co., trustee; 22 William St., New York City.—V. 156, p. 702. of Newark, agreements be reached. the shall Co. N. J., to determine whether the terms of its consent decree of-last March" would prohibit the company and other companies from negotiat¬ ing agreements for" use of- various catalytic refining processes. .The Office of Petroleum Coordinator has recommended that , bonds The Oil : 1871 - . " conversion time of of of bonds Mexico New Gas, the company execution and. delivery-pay to the trustee " under the providing ,for the'issuance of ..the debentures cash equal principal amount of such debentures, and such cash shall be such indenture the to best that determine, Of for cash due New ern, right shares (see Mexico they shares the of New bonds entitled to purchase $1.50 Southern the of the proceeds the and for acquired between Union of sum given of by such amount who the funded issuance of to of cents of and Dec. inc. and the of $250,000 per for est. foreign —V. Fed. income amounted owned stock will, Union July on 10, $5,283,574 $3.01 & of are bonds, being the A upon the the com¬ directors the on stock, distribution share Dec. Nov. on common similar 15 of 75 holders of 15, to year, Dec. on Nov. on dividend a Dec. paid last cents Dec. 50 1. cents on 15, 1939.—V. 156, p. 871. in 1, 18 declared payable made was 1 on preceding quarters. dividend a Dec. Sept. An of 25 cents holders to of 1, extra last, of Nov. against as 50 cents share per 50 cents also was 24. paid 1941. Indicated $1.50 in share per pany the by increase compared with as per share common I ; to the New into extent debentures Mexico the that holders Eastern, exercise or persons stock .common' rights of of by right the for profits taxes. with allow¬ excess taxes, a effect.—V. 156, of is New and at com¬ of Dec. subjeet Mexico 1 to said In bonds stock addition redemption Jan. on ex¬ at revenues Uncollectible oper. $10,208,906 rev._. 100 Operating taxes. Net. oper. Net income — "1,928,360 . income interest.- and Payment 6 %. issue be will made converting stock expires of 10 par 15 the quarterly the capital (not Nov. 25 dividend stock, as of 40 cents is payable Dec. previously reported); share, per 10 to holders payment See V. 156, p. record Nov. 21 March 31, and 1942. June 30, —V. 156, Operating Opreating Other 9 Mos. End. •Net profit Earns, Sept. 30—- 1942 - 1941 1940 $$1,564,577 $$2,255,876 - made on Payments debentures per shr. on com. $3.55 . $556,209 23 holders to Sept. $2.81 of of $625,000 for war and post-war reserves. lAfter taxes of $4,410,775. Profits for the first six months of the current year to June 30, 1942, were previously reported on the basis of tax rates as provided in the House bill. After adjustment of taxes .to the law finally pas'kfed, net profit for the first six months was $1,673,155, after taxes of $4,398,483, but before provision for war and post-war reserves which reduced the net profit to $1,548,155.—V. 156, p. 1695. as (A. E.) Staley Mfg. Co.—To Pay Dividend of 50 Cents Common Stock—All 7% Preferred Stock to Be Re¬ deemed—' The Int. Dec. 10. and Dec. The on Like 20, amounts to holders paid, were a dividend of payable Dec. of $5 declared the cumulative holders of record dividend of 3Vi% to $10, on June 21 50 to 20, last, cents holders on record the 7% Nov. 7% preferred stock, said in part: : 193? the company presented '.to* holders whereby-holders, could exchange :thelr of 7% preferred stock ft shares for shares of The changed shares of 7% ^.preferred stock as soon as possible, tion om Jan. 1, 1943, at. $110 per share, the 6,860 shares of the 7% preferred stock now-outstanding. \ The registered holders of .the. outstanding shares called for redemp¬ tion will receive by mail in the pear future a notice of redemption. After Jan. 1, 1943, jio further dividends will accrue. After Nov. 28, 1942, the stock transfer books will be permanently closed against further transfer of .shares of 7% preferred stock.—V, 156, p, 1782. • , Standard Gas & Electric Electric Standard 1942, totaled 169,450,000 kwh., de 8,700 109,495 57,733 10,836 126,706 parte of T. in Board to P. the stated the issue W. & that directive hearing on this matter because Government."—V. 156, p. 1783. your of Washington, D. Treasurer, with the announcement of C., has joined this corporation headquarters in Kansas City, Nov. on of 17 E. Lee Talman, Vice- Treasurer. has been associated initial dividend with the War stock, Co.—Initial Dividend— of payable 30 cents Dec. 13 42,618 44,033 7 share per holders to has been of record declared Nov. the on 27.—V. 156, $14,165 $163,381 $187,019 85 Drl,447 Dr626 $14,250 $161,934 $186,393 be made 454 3,179 6,822 99,042 84.180 Crl9,357 114 $79,070 $96,877 35,000 $11,916 preferred 35,000 $61,877 $6,974 stocks Sell Ohio River Utility— for permission to directors the on Like the Associated Gas & Electric Corp., applied sell for $195,000 in cash all the' Ohio River electric division. The sale would County Rural Electric Cooperative Corp. and the Cooperative Corp.—V. 156, p. 1511, Nov. on common amounts stock, were declared 18 payable paid dividend of a Dec. this on 10 issue as to 26 cents holders June on of 10 per share record Dec, 1. and Sept. 10, last, March 11, 1942, and on Oct. 26, compared with 37 V2 cents each on 1941, and 25 cents on April 25, 1941. The directors also declared the regular quarterly dividend of $1.37 Va per share on the 5%% pref. stock, payable Dec. 15 to holders of Dec. 5.—V. 156, 1246. p. Twin City Rapid Transit Co. 9 Mos. Ended Operating Operating (& Subs.)—Earnings— Sept. 30—• 1942 revenue funded 10,94$ $760,741 579,992 613,503 debt Amortization of discount Net $749,794 13,808 $1,707,354 . income "Federal 5,555,423 taxes Operating income on $6,305,217. 6,360;440 $1,693,546" & expenses Non-operating income Interest funded debt— on 40,529 debits income income 1941 $8,053,986 - 11,852 494,400 surtaxes—— i. _ 42,717 14,515 and 5,450 Cr 2,034 to of SEC to the Meade Miscellaneous 9,047 unit a the Green River Rural Electric Gross . - to properties composing its 130,542 3,571 s. cons directors Dec. on and Nov. on the common Nov. 51,956 $377,917 $40,713 "Provision has been made for Federal income and surtaxes at the. rate of 40% of the taxable net income. No provision is required for excess profits taxes on the basis of computation of the credit for invested capital, which is subject to review by the Bureau of Internal Revenue.—V. 156, — —. 615. p. Union Investment Co.—20-Cent Dividend— The directors have declared regular stock, 28. 16 An dividend of five 156, p. cents share per 1. April of cents five quarterly dividend of 30 cents per share $10, both payable Dec. 15 to holders of par extra 15, last year.—V. extra an also was paid 1510. stock, common Dec. declared 10, follows: Dec. no Distributions dividend a July 1 10 of Dec. each cents 20 15 were cents per share on holders of record to made this on issue on Oct. 1, last.. Payments during 1941 were a3 July 1, 10 cents each; Oct. 1, 28 cents, and cents.—V. 155, p. 1319. April 18, payable par, of 10 1 and and United Air Lines Transport Corp.—Air Cargoes Show Big Increase— ' Again . Continued Tacony-Palmyra Bridge Co.—Dividends— 25 directors cents paid per Nov. on 17 declared regular a quarterly dividend of share on the no par value common and class A stocks, 30 to holders of record Dec. 15. Like amounts were issues on June 30 and Sept. 30, last. these on Previously* the company made quarterly distributions of 50 cents per share on the common and class A stocks, and, in addition, paid an extra dividend of 25 cents per share in each quarter during 1941 and 1940. • The share per of directors on also declared the 5% record Dec. The per the pref. stock, 17—V. directors share Dec. 14. stock July 156, extra The April Oct. of on Nov. addition p. usual par quarterly dividend of $1.25 $100, payable Feb. 1 to holders 1695. par 10 1 1, $9, cents declared an a dividend of both of July and 18 to Distributions on 1, in stock, common Dec. also 10 payable cents and 1 27, was Oct. 1941. Dec. each 1, extra 10 Oh 26 were last, the dividend cents to per holders made and last of on 10 share of the on Jan. 1, mentioned cents on the St., N. 14, to the large air cargo gains, due largely to war production shipments between cities from coast to coast, were reported last week by United Air Lines in estimated figures for October. A C. month the 1, p. flown compared The ago. flown figure daily does by United with 307,762,832 not in include contract in the cargo the same, considerably services for Government. the pick-up and delivery system for all 1615.. express gain a * serves packages.—V. 156, ■ . A par dividend of $2 $5, with payable $1 paid per Dec. on June share has been declared 15 holders to 15, of record last, and $2 each on Dec. on the common stock, This I. June compares 16 and Dec. 15, 1941.. paid. Changes in Personnel— Raycroft in the sinking' fund.—V. 154,, p. 1152. Walsh, Vice-President. of sinking fund, at prices not exceeding par and int., of as many purchase money 1st lien 6% sinking fund gold bonds as will exhaust held year being pound-miles was reported by express mail-freight department, approximately 755,069,000 express express United's United Aircraft Corp.—To Pay $2 Dividend— Chase National Bank of the City of- New York, trustee, 11 Broad Y. City, will until 12 Noon, Nov. 27, receive bids for the sale now in director of pound-miles totaled approximately 1,453,404,000 for of almost 106% over the 706,087,845 flown in October,. 1941. The Air Express Division of the Railway Express Agency directors, the.sum of $13,335.60 145% over Mail record an a mileage common date of Graddick, the company having pound-miles in October as the April gain P. with as in' addition, declared the usual quarterly dividend of 68% cents per share on the 6Vz% participating preference stock, par $50, payable Jan. 1 to holders of record Dec. 15.—V. 156, p. 1614. The . compared with 159,678,0000 kwh, for the corresponding week llast year, .an increase of 6.1%.—V. 156, p. 1782. as 706,177 Tennessee Consolidated Coal Co.—Tenders— Co.—Weekly Output— output of the public utility operating companies in Gas & Electric Co. system for the week ended Nov. ex Tri-City Utilities Corp.—To $1,125,504 706,091 (James) Talcott, Inc.—Extra Common Dividend— Pursuing this plan, the-.company, redeemed 4,000 shares of 7% pre¬ stock on Jully 1,-1941,; leaving 6,860 - shares outstanding. It is the -intention of the company, in ;the exercise of its right reserved .under its certificate,of .incorporation, ns amended, to call for redemp¬ • $1,148,291 consistent- now the than ... the on with .sound financial, management of the company. ferred the 156, Company, 1942—12 Mos.—1941 58,086 bonds- applicable share per $5 cumulative preferred stock.* At that time all such holders were informed that it was "the intention-of the company to retire the unex¬ series of of 790. Earnings— both payable Dec. letter to the Holders of other course to Inwood •Nov. provisions for Federal taxes of $4, 196 for the current $15,448 for the twelve months ended Sept. 30, 1942/ addito the amounts required under the Revenue Act Of 1941.—V. 156, The redemption- an defiance Transwestern Oil the 28. a 31 25 cents each, $95,358 Dr9 1246. 10, for President 1695. p. and tional p. and the usual semi-annual preferred stock, par $100, payable Jan. 1 A. E, Staley, Jr., Nov. 18 in In 20 forth set as Labor ■ and Dec. 22, $44,070 share record and on June outstanding 7% preferred stock has been, called "on Jan. 1,1943, it was announced.-- plan of regular quarterly dividend of $1.25 stock, no par value, pay¬ All ; per dispute would refusal War 1942," public member no company's National of return "Includes preferred Dec. common Nov. 3,543 income record also the share on Dec, 21 declared 17 par the on record Sutherland Paper Co.—Extra Distribution— 1941. directors per able Nov. stock, common labor A corporation the of duration Truax-Traer Coal Co.—20-Cent Common Dividend— 10,983 and Dividends the of the the effort. carrier of McNear, an and Mr. The 46,887 res. approps. chgd. to Net with Inwood President into 16,417 mtge. R. Assistant to City. called) $96,768 expenses $18,929 ■ directors the on revenues int. P. Morse, left 1782. on ' Other George conduct according National A 1942—Month—1941 income month on 30-^- taxes on of Sept. 23, for war Transcontinental & Western Air, Inc.—New Officer- p. 1945, last, 1941 $18,938 Int. to was to capital 21. $1.62 $5.17 *After providing for depreciation, estimated Federal and State taxes, and all other charges, f After taxes of $6,303,594 and provision reserves the conditions determination continued Louis as 2, aS against 25 cents were as follows: March 30, and Sept. 30 taxes Other of the denies to Mr. McNear his request of Oct. 17, subsequent requests for a hearing before the Board for the pur¬ of reopening the case. In the letter to Mr. McNair, Dean Morse pointed out "much against its preference, the Board was An 1, Chase (just 1942.—V. 156, p. during 40 cents each; 1939 $1,263,002 of mentioned above. The order of the Board , 1158. p. Prop, retir. Square D Co.—Earnings— Board record "Federal 1782. Jan. The share has been declared payable Dec. was Period End. Sept. declared recently of June 11 Broad St., New York $458,800 Dec. 23, on cents per cents, similar $1,670,097 Spencer Kellogg & Sons, Inc.—Dividend Dates— The 30, - due at Superior Water, Light & Power Co. on Jan. on 154, p. 1532. debentures City of New York, trustee, of Government interests of management order $1,000,000 of debentures recently called for 15, 1942, there have been called for redemption through operation of the sinking fund, a total of convertible dividend stock, the "continued or and Sunshine Mining Co.—15-Cent Dividend— A 15,238,228 $1,618,138 $14,792,558 $14,691,403 :_J—*1,420,340 1,337,894 *12,357,704 11.994,559 *1942 Revenue Aet increases taxes by approximately $219,200 for month and $1,879,500 for 9 months ended Sept. 30, 1942.—V. 156, p. 1421. the of Dec; 1942—9 Mos.—1941 1,694,804 *16,605,591 this on since.—V. none 10-year of the common $9,133,578 $88,251,379 $80,015,112 33,718 321,239 301,182 5,788,918 56,531,991 49,784,299 35,449 , 6,575,000 expenses final the the 1943, of Privilege Southwestern Bell Telephone Co.—Earnings— Operating made were 29, 1941; to as 2, $458,800 additional Bank Operating amount (The) Studebaker Corp.—More Debentures Called— extent converting said bonds into common ercise the right subsequent" to such conversion to purchase shares of common stock for cash.—V. 156, p. 1510, 1614. 1942—Month—1941 like and Dec. * Gas to the so Period End. Sept. 30— cents per share has been declared on the common $10, payable Dec. 7 to holders of record Nov. 23. Distribu¬ par tions that management and the of and dividend of 25 stock, stockholders convert to company the the of the provisions Production Board its predecessors for nearly two years. In his capacity as assistant chief of the aircraft priorities branch of the WPB he assisted in planning distribution of materials for aircraft producers.—V. 1158. p. Stix, Baer & Fuller Co.—Resumes Dividend— A extent cash of the shares of bonds the sale in terms yesterday Wayne L. $2.71 post-war refund, for the nine months of this year was based preliminary study of the Revenue Act of 1942, and for the three months ended Dec. 31, 1941, has been computed at the rates then in on opinion direction to the letter a your for ance into the its as the the Government should manage of the railroad for the duration $788,057 profits New to stock common amount of and the and the 240,584 shares of exercise of subscription Such securities exchangeable the -basis reorganization underwriters. the and that plan ,of the Southern and upon of the upon and Eastern stated railroad 21, with pose exchangeable company March imperative accept In record *After provision for estimated income and Provision for Federal income and excess t2,441,800 (Assumes exchange by holders of all of the outstanding shares of preferred stock of New Mexico Gas New Mexico Eastern and Southern Mexico the accordance management under is in only result in further labor trouble, because to Board's profit Earnings $966,440 shs. Into debentures of the company. tAssumes. exchange by all of the holders of war that, of the railroad of share per record said Board forced "Net $3,650,000 $2,441,800 1,000,000 shs. —„ that the railroad should not be returned to of its owners at least for the duration of the war, Order the Earnings for Year Ended Sept. 30, 1942 Outstanding "Unlimited — cents Payments during 1942 will total $1.50 per share, $2.50 in both 1941 and 1940 3%% debs., due 1967$1) payable 60 16, 1940, and 25 cents The on follows: as stock, with Nil 1062. Board's Directive Order of Southern difference, reorganization, capital 1941 *$52,953 $5.47 - stating Board the Pay 75-Cent Dividend— Standard Stoker Co., Inc.—25-Cent Dividend— will to 156, p. arrange for the war. $4,922,971 1695. compares Dec. the company the by stock to. be outstanding debentures and common stock of plan the order Executive $6,546,296 difference in series, unlimited except for certain restrictions imposed by covenants and provisions specified in indentures. Mexico, Gas, New common stock of tive The $1,261,585 1942 share The National War Labor Board on Nov. 7 announced that because, the continued defiance of the above company to the Board's directive order of Sept. 23, the Board has issued an unanimous direc¬ $3.70 declared This of $6,444,171 $0.96 18 the on 3. Toledo, Peoria & Western RR.—Continued Operation by Government Asked by Labor Board— 1942—9 Mos.—1941 $1.02 Nov, Dec. $349,797 preferred per "Loss.—V. this payment made taxes on record income Earnings 1614. p. 1,889,682 directors the This Co. Production The company such from $250,000, '■Issuable thereon like $1,691,189 to 156, p. The on of capital fund (par first also the A $1,791,984 Stone & Webster, Inc.—To serially surrendered by the series, due 196225-year sink, fund 6% Common 156, the was were on management *Prov. said Production merger. bonds of and sum Southern by amount a Union received capital the $300,000, the said of wholly a maturing Authorized sink, which each 1942—3 Mos.—1941 chgs. share Amt. to Be mtge. 1941.—V. after all Earnings bonds convert , First 29, period End. Sept. 30— *Net will be of common stock be company through of in bonds, to 29 last, been declared of 6 Mos. End. Oct. 31— Net Sterling Drug Inc. (& Subs.)—Earnings- the that per the was paid on Nov. Distributions of 50 Sept. company loan Southern bonds amount sum of the to will bank a amount Co. debt pursuant 7, year. stock¬ of has 10 cents paid on 20 Thompson-Starrett Co., Inc.—Earnings— Spring Co.—50-Cent Dividend— addition In holders dividend of 30 cents per share payable Dec, 15 to holders stock, July 1, last; 40 cents on Dec. 11, 1941, cents on June 26, 1941. The previous payment was. in May, 1930, when 50 cents was disbursed.—V. 156, p, 151Q. and , year-end dividend of 50 cents per share has been declared common stock, payable Nov. 30 to holders of record Nov. 24. com¬ for year-end compares with plea to the court the company asked that the question certain issues regarding catalytic refining processes are A $100,000. The pany which make the Southern the be shares extent 19,374 shares pay contribution a Co., will $350,000 Production A common The surrender principal and company constitute of in will from the the of order to an South¬ the Eastern of of To . the company. stock loan, such cancellation Co., will 240,584 subscribed Mexico aggregate period of of stockholders, common Production company Eastern from to New company, five-year a ,Thermoid Co.—30-Cent Year-End Dividend— would recommendations asked the court for company share. per Union subsidiary over not are and an the interest • Standard Steel 3%%. bonds, stock common share. per purchase and Gas debentures for cash at Mexico $1.50 offered so sinking fund of aggregate an at cash be Mexico into for to holders New cash subject to are mortgage and company offered so holders to first and for the of of above), Gas purchase to stock mon $3,650,000 1962 with public second a whether scrip. addition to the securities to be issued in exchange for outstanding of the constituent corporations,. the company will issue and sell The 1695. p. securities series compliance the subject to the consent decree be postponed until after the war.—V. 156, . In its that amounts said debenture of by said company , may be first applied toward the Therefore, the maximum amount of debentures, at any time outstanding, less • the amount of cash de¬ posited with the trustee, shall not exceed at any time $2,441,800 principal amount. so served the effect, In- applied toward .the retirement of outstanding debentures through: purchase thereof; at prices; not more " than the redemption price thereof, or toward the 'retirement of outstanding debentures selected by lot; provided, however, if the board.of directors of the corporation shall spetition Petroleum Coordinator. be retirement it In the formerly Vice-President, has been elected Senior General Manager of the export division a Vice-President.—V. 156, p. 1783. J. Reed Miller, corporation, has been made United Gas Improvement The ended electric Nov. 11,836,103 V. 156, p. output 14, kwh., 1783.. 1942, or for the 10.4%, Co.—Weekly Output— UGI amounted over to system companies for the week 125,882,135 kwh., an increase of the corresponding week last year.— The • the of were company would have paid had it called its bonds before maturity as a going business, rather than after its dissolution was ordered by the Securities and Exchange Commission. The company already has redeemed the bonds at par and accrued interest and set up in a separate fund the difference between par and the call price, pending the decision. The company was ordered dissolved and liquidated by the SEC on March 20, 1941, under provisions of the 1935 Public Utility Holding Company Act. The New York Trust Co., as trustee under two debenture issues of } income to the Revenue Act enacted in September, 1941, restated to give effect Years Ended July 31— of the that hearings be resumed on Dec. 1 on appli¬ sell $4,000,000 serial notes for plant expansion. approved the sale on Oct. 31 so that the com¬ to company Commission could issue the new notes the terms and conditions the treatment by allowed for -Federal income pany for tion a cipal and accrued interest on the bonds only. The Circuit Court, holding that the SEC acted cents 15 each were were each, 47,431 $90,734 banks and in Cash Inventories — plus reserve " 703. structure, it was stated. The short lines involved Southern & Etna $172,941; and Montrose proposed the purchase surplus Earned record declared 12 Nov. on of quarter fourth 10. This Sept. Dec. and 20 19, payable with compares and last, dividend a 1942, 20 of Dec. cents 10 cents Extras of 5 cents each were and Dec. 20, last year.—V. 156, p. 1160. tLess revenues-!— Operating expenses-— 131,537 per V. M, 1942—12 Mos.—1941 1,043,493 1,404,467 91,147 620 28,332 70,973 on 69,329 Federal State $36,817 Net 471,286 583,587 Earnings $46,745 $51,688 49,963 50,763 606,032 609,150 2,113 1,246 22,929 !— $321 $5,331 taxes of $6,000 for the current month 30, Sept. 1942, additional to of amount the of . Utah Power & Light Co.—Earnings— Period Ended Sept. 30— revenues expenses—- ___ 1942—Month—1941 1942—12 Mos.—1941 $1,458,105 $1,285,805 $16,378,152 $14,857,785 647,056 570,131 6,971,889 6,412,618 "Federal taxes 198,555 99,201 1,867,860 128,147 135,326 1,710,020 99,309 1,207,488 Amortization of limited- 150 150 1,800 900 $382,697 $381,688 $4,619,095 $4,631,586 1,185 230 7,001 5,150 (net)-— the Interest on Interest un Other Int. int. $383,882 $381,918 $4,626,096 $4,636,736 185,172 189,028 2,253,516 deb. bonds- 25,000 25,000 300,000 deducts.— 15,161 14,492 189,532 income $158,549 $153,398 $1,883,048 $1,896,449 to pfd. stocks— 1,704,761 have the month and . the for Federal $178,287 — taxes of $60,000 $191,688 the for $453,400 for the 12 months ended Sept. 30, 1942, additional required under the Revenue Act of 1941. and unpaid to Sept. 30, 1942, after giving effect to dividends of $1,75 a share on $7 pfd. stock and $1.50 a share on $6 preferred stock, declared for payment on Oct. 1, 1942. Dividends on these stocf are cumulative. —V. 156, p. 1784. 1942—Month—1941 The Beaver of Preferred the Balance for "Accruals 1942 will 10,962 $37,597 $43,707 $27015 in 3,792 3,208 1,884 7_ i.i——ti, — 27 ■ State connection with 900 settlement— tax stock income 4,605 45 ; bank loans—!—' on interest^ Nret » 1,575 taxes.—— 2,154 1,144 1,037 1,000) 1,597 taxes— income State -1' income , taxes..— 2,100 j Balance Dividends interest and Investments securs. 5,696 — 8,494* 1,211,958 849 651 610, 465 equipment— —; Prepaid expenses and other deferred items— ■.... 20,836 r.—— 1,065,011 ; ——- »' 1941 $28,705 $65,812 —_ brokers.; receivable — and Furniture thru 1942 * ' !_ sale of on $30,477, , Sl»eet, Sept. 30 — due rec. 1,500 $35,328 $29,595 7 ' — Accts. r~ __,!—— ——— Assets— » Cash . . . , . — - • Operating bond be taken in the if up has be called by-laws by "Federal Other Net 210,167 2.662,498 2,470,724 Int. 5,611,000 2,880,945 Other 180,037 2,345,688 2,077,036 Int. $488,327 $5,168,304 $5,606,839 24,817 337 174,635 38,915 152,058 1,815,246 $3,178,423 $3,791,617 1,171,602 1,171,602 Other debentures, made at the of Called— stock Federal and surplus. income $2,006,821 (normal and surtax) redemption, excess profits taxes are based upon the 1941 Revenue Act plus an added pro¬ vision of approximately $1,500,000 for additional taxes which may be for retire, of Liab. in pref. capital sto'ck with privilege div. taxes... connec. stock Common Capital ($1 surplus - . par)— ! —... ——— Earned surplus 3— ■{Unrealized depreciation . 1,248 ' 1,089 535 352 9,426 441,568 490,953 385,778 Dr447,402 payable Prov. $3,569, 250,000 , 250,000 . ... 500 352 9,409 478,627 . . 521,747! 384,656 Dr378,616 ' • — $1,271,493 $1,137,594 — 156, p. 1064. ! Wood Newspaper Maehinery Corp.—Earningsi ■ • Earnings, Year Ended Jnne 30, 1942 ' $1,637,769 "Cost of sales... : royalties, etc. f>. 1,216,954 — — received——^——_!_7— Cr8,743 ^ 48,12ft and tax ' excess 156, r 1338. p. Profit income (& 1942—12 Mos.—1941 ■ $955,437 $11,756,045 516,286 5,190,702 $11,418,487 1,381,820 1,144,191 1,137,551' 1,167,741 94,036 -5*181,633 ' chgd. ; 1,089,091 1,096,604 $2,834,958 2,658 39,736 38,072 $211,255 $169,302 $2,989,977 $2,873,030 64,167 64,167 770.000 6,184 16,201 87,433 213,057, "Includes Cr5,080 preferred : provisions .$88,934 Stock — — for $1,512,450 — Federal $2,134,968 622,518 taxes of 1336. on the common record Dec. 15. on Nov. stock, 17 no additional possible >■ .*r Sheet, . income Federal *.-•*• •" tax ' , liability under '' June 30, - 1942 •; * ,.r • ;• " ■ j declared par Distributions of a value, 25 dividend payable cents each of 622,518^ $1,272,535 Liabilities—Accounts, payable; $54,262;* accrued: taxes,' commissions' royalties payable, $39,360; Advances received on contracts (less on contracts to June 30, 1942, $376,755), $165,461; reserve for estimated Federal, income and declared value' excess, profits' taxes,' ! $115,000; advances from U-. S. Government agency under war $124,614; 15 Jan. were Dividend,—» to made share holders on of April 1, contracts,; subscriptions to U. S. War Bonds, $6,806; reserve contingencies —V. 156, p.. 1064.. . ... : - The the A directors on Nov. " , Wright Aeronautical cents per 2 employees' (including possible additional Federal income -tax: liability under pending' legislation), $54,806; capital stock; $2,121,148;* capital surplus, $153,672; earned surplus, $326,855; total, $3,161,984. for ; ; directors $1,895,053 , the" currenf 1942, additional 1941.—V. 156, West Virginia Pulp & Paper Co.—Smaller The 770,000. for $35,514 month.and $299,699 for the 12 months ended Sept. 30, to the amounts required under the Revenue Act of p. depreciation of fixed aSsets cost $140,904 _— $176,003 provision; for of development expense. and Cr2,424 . to construct. Balance 50,000 . - 2,014 applicable to 115,000 Assets—Cash.in banks and on hand, $257,032; U; S. Government tax anticipation'"certificates,* $20,040; notes' receivable,/ $6,300; "acc6unts receivable, $250,002; inventories (less advances to cover cost to date of contracts in progress, $376,755),; $456,860; special, deposits, $131,420! land, buildings/ machinery,- equipment; patterns, jigs, etc. (less reserve; for, depreciation of $1,074,909)! $279,943;. autoplate and newspaper! printing press development and other, deferred expenses, goodwill and patents (less reserve for extinguishment of development expense and> patents of $455,524), $1,684,089; cost of tools, patterns, etc., $71,316;' prepaid insurance; , etc., $4,982; total, $3,161,984. * $2,950,241 (net) Net* income 1,833 declared'value and year royalties paid, Balance 90,939 deducts.— & the pending legislation. $166,644 90,444 income int. income taxes——. extinguishment tlncluding Subs.)—Earnings— 87,532 $209,241 mtge. bonds on Fed. for; contingencies!—!—!—-^-!-!!——!—-!. for "Including re¬ revenues 38,595 general expenses.'—.— —— paid on royalties received.; estimated profits tProvision 83,833 — for Provision will be outstanding in debentures owned by the 134,060 —— appropriations- oper. - income there 1942—Month—1941 taxes retirement Dividends $2,620,015 and Dividends British v ,*:'.. the of the public," after deducting $10,138,500 principal amount.—V. taxes Gross 1,776,307 $335,923 7 payable 7.i— Administrative redemption as of Dec,- 18 a total of series due 1948, at 100 Vz and int. Manufacturers Trust Co., trustee, 45 550,716 285,900 150,876 ——! loan.—. $5,294 , that for Operating expenses 673,800 $5,567,924 !_!— — indenture. $1,068,294 1,796,720 $4,993,669 $1,271,493 $1,137,594 — .!„_ ; "tin value of,marketable securities,—-V. 8,614,830 -$487,990 bank Accounts Total 18 approved These In¬ adjourn the meeting until Nov. to changes revenues 2,214,749 . taxes Demand will it — Liabilities— Accrued 1 • . Total— . Bank National First the , , Interest, completion serve $28,203,336 $23,447,094 requirements common for $21,410 Dr149 * 6%, debentures due April on'April 1, 1943, at 100 at made that new voted Period End. Sept. 30— 1942—12 Mos.—1941 $238,837 dividend . . . 20-year Washington Water Power Co. v 10,201,096 $389,714 amortization 16,844 $32,699 —* —7—^— capital and $414,531 Balance 14,845 17,143 Co.—Stockholders Act— certain 6% of hands 154,015 Qther income (net loss) Interest,& ,196' $38,553 $38,346 ' Wisconsin 1512. will company, 203,864 - be St., N. Y. City. Upon 789,005 taxes Balance : Company at a special meeting'held Nov. corporation Payment 226,935 revs, - , redemption for will announces of p. $4,000,000 $2,107,451 Federal income taxes-— operating 50,000 Warner Bros. Pictures, inc.—Debentures 161,544 Depreciation Net 995 $49,543 , Selling expenses 932,288 — Maintenance Other 8,737 (aver¬ secur. basis)—— income income ' outstanding called directors 156, $2,612,962 revenues.. Operation ' Debentures—■ Payment approval of —V. Virginia Electric & Power Co.—Earnings— Operating cost of sale Federal $1,428,760 $1,311,820 $1.03 $0.94 10 % post-war excess the include not trustee, Boston, Mass. Property Period End. Sept. 30— $29,620 9,780 $53,191 income;—!!——71 on ' 1940 $38,768 14,418 , " Interest 23, when* and election of a time certain pending appeals relating to the reorganization plan have been disposed of,- board amounted to $7,813,488, -' 1941 $38,773 marketable' securities!. Profit 390,990 1,473,452 —, the capital Distribu¬ 15, 1941, on Months Ended Sept. 30 : current amounts fDividends accumulated do ' been questions the — provisions 3')'& ^payment of l Ve was made.—V. 155, p. 2376. a administrative expenses. profit Other capital set-up provided by the reorganization plan. new cluded 1,704,761 Balance to Cr8,146 ——' —, — Co.—Special Div.—•• special dividend of a income Total age ' 180,103 fDividends applic. to applic, "Includes ; marketable securities. ' on on Federal 424,649 6,567,207 _ — share—!——— Warren Brothers 300,000 chgd. to construe.- Net 1704. Profit; 2,268,330 mtge. bonds & p. Earnings for Nine Net $3,475,085 ' - 30,870 217,952 .!!_* profits taxes—— figures $583,500 company court income 1941, Other security 1941 $8,659,576 7,786 200,846 - Stockholders then Gross June 27, General & 30,327 !—<— — excess above Stockholders of the investments income on Interest . 1,158,473 Other $7,585,834 16 to holders of record Dec. 4. made on July 6, 1942,. and on Dec. were Dividends purchase. from the holders thereof, so many of these debentures as shall be surrendered for that purpose either to the company at its office at 60 East. 42nd St.,New York City, or to the trustee at any time not later than Dec. 31, 1942, and will pay therefore immediately upon such surrender par and interest to April 1, 1943, or $1,030 for each $1,000 debenture.—V." 156,' p. 1784. • 1,674,643 101,500 taxes Prop, retir. res. approp. revenues- $975,268 of — refund. Boston, 979,565 Other oper. each ; and $26,834 in 1942 and 1942 amortization-- and interest. The required under the Revenue Act of 1941,—V. 156, p. 1336. Operating 1942 in $29,238 • drafts. common per 1,' 1955, $3,858 $3,841 and ■"Includes provision for Federal Operating $2,380,228 taxes— Redeem To All Net $8,032,450 ——_ 15,112 deducts. ended ' debt profit profits tax $620,404 $625,120 and and Note—The mtge. bonds term 157495, Wisconsin Investment Co.—Earnings— (& Subs.)—Earnings— Co. income $153,834 months of depreciation Sept. 30— funded income $4,009 Deficit 2'.4 Other notes Depreciation 8,041 5,227 on Interest 47,679 and — — Interest $1,157,680 $1,657,606 $5,687 Gross income declared while 438.326 304,199 $2,944,025 have directors of 1336. 156, p. Profits. 41,058 twelve 50,000. 125,000 ..292,342 of 1135,000 shares common Expenses revenues—.. and 50,000 $1,597,237 in 1941 and $1,697,083 stock, of no, par value. ^Represented depreciation tions 350. 156, p. Rent fr. lease of plant- int. 898~015' 868,046 , — ——: for 2,563 , 1—17 7*--1 Willcox & Gibbs Sewing Machine The recently. Vice-President Laddon, 9 Mos. Ended 19,931 —, taxes on r— 69,124 stock, par $50, payable Dec. and General Manager of Consolidated, has been elected Vice-President of Vultee. Mr. Woodhead and Mr. Laddon will continue in their present capacities at: Consolidated.—I. paid on share 6,106 Federal taxes Other 1,792,500 * $101,003 $163,261 Int. 2,205,700 1 reserve 1942. . resigned who Millar, per holders to share in preceding disbursed on Sept. 20 1942—Month—1941 period Ended Sept. 30—• Operating oper. $2,413,000 272,800 1,803,000 — *.—»— payable——77—1 by'shares of $100 par,-lV. 154, President of the Consolidated Aircraft Corp.;-has elected President of Vultee Aircraft, Inc., to succeed Richard W. Walworth Net — !ll_ —— "After Woodhead, Harry been cents 30 19 accounts for reserve 1941.—V. in _ doubtful for reserve 1941. Co.—Earnings- Utah Light & Traction * bills — Total Vultee Aircraft Inc.—New President, Etc.— per also quarters. Other — ; reserve Surplus - Upson-Walton Co.—To Pay 30-Cent Dividend— June $2,413,000 2,205,700 — taxes,, 1942 "Less ■ of 61,186 . stock 1 __!——!—! income and Pension 38,282 15,000 962,560 75,000 . 439,384 347,024 —————— — —— $884,141 the .—_!—/ — Total in directors • ,—— — — par)— surplus Newburgh & South Shore Ry., $1,500,000; North¬ ampton & Bath RR., $846,627, and Youngstown & Northern RR., $240,100.—V. 156, p. 1615. for par) tno 30,685 - 15,000 954,800 75,000 ,— — ($1 Capital $140,120; Hannibal Connecting RR., $31,939; McKeesport Connect¬ RR., stock stock Common Ry., Southern Donora $780,624; Ry., declared Preferred ing RR., $1,000,000; The for Accounts 161.529 54,618 49,500 $7,585,834 — overdraft $372,003 13,329, 392,276 —I for contingencies— Reserve $309,942; Johnstown & Stoney Creek RR., share, -$662,690 27,166 • —. — for Federal and State taxes- Dividends $33,000; Ry., ——— expenses Provision follow: prices Carbon County $1,200,000; RR., Monongahela & Accrued The acquisition will also simplify the corporate through subsidiaries. payable Accounts The corporation has asked the Interstate Commerce Commission's approval'to acquire direct stock control of 11 short line railroads now owned by its subsidiaries. The direct acquisition, the corporation told the ICC, will result in a tax saving to U. S. Steel and its stockholders because dividends from the railroad companies will pass directly to U. S. Steel instead of Connellsville — —— 1 Liabilities—• Railroads— Birmingham ' stock Bank 1,000 1,896.074' $8,032,450 loan $2,380,228 — ' ——1—7 7 38,908 1,322,260 2,188,123 2,484 60,000 71,352' ' !.— Special wartime inventory reserve. $2,944,025 ————— —— 37,613 1. 1,602,142* bonds.* Victory Loan charges Bank in Total Control of 11 United States Steel Corp.-^Seeks Direct 905,989 etc,.!!— . Reserve 9,585 10 992,299 10,502 Deposits in closed banks (less reserve)— —_ 10 tLand, buildings, machinery and equipment-— 949,233 Established milk supply system—1,000 1941 $3,257,298 7 ; ! 2'/£* ! 19^2 $3,208,052 ' v '"862,684 ' ' investments, misc. "Liabilities— * , ' ' - -!__77 tCommon 10,670 — £216,127 31 July Sheet, Total 651,886 Reciprocal insurance subscribers' fund and sur- March 15, June 16 and and Dec. 15, a year-end of 54 cents.—V. 156, 91,000 .— !____!___u_;I!_!!—!!!7_!--—,!l Canada of Deferred 2,608 773 171,263 9,780 1 [ I_ 1 250,000 125,000 Balance *., preferred • — ; " 129,424[ k 7 — Dom. 1941 $211,850 500,319 , —,— Prepaid expenses . 1942 $1,362,659 .438,805 {less reserve). receivable notes Cow hand—.—„ on 119,569 ' '' '56,000 128,809 ; arid inc. Dom. buildings, etc._ Inventory 80 Sept. receivable "Accounts 45,655 134,538 memberships, . $304,199 $1.56 —' At 7,42^ 57,102 122,789 Patents, trade marks and goodwill.—1—1— Accounts and bills receivable!!_— 213,352 $354,815 " 50,616 $346,546 $0.89 ' — As 2,250 53,865 133,426 and * .*•, estate, Trade -$141,463 298,497 . Sheet 1,238 officers Investments 113,751 $389,231 '" 42,685 j—.. declared- or Balance against 32 cents on March 16, 1942. Payments during 1941 were as follows: p. "Real 69,168 . 216,212 , 3,589 special war-time in v. res. Assets— v *.$371,813 81.626 48,251 , 4,120 profit"7—JL-t:—Ir:'!-!!!—;!!L\"'$216,562 '* $227,279 \ Net - 4,755 1941 $436,823 Assets— year-end dividend of 40 cents per share has been declared on the stock, payable Dec. 15 to holders of record Nov. 30. Distribu¬ tions of 30 cents each were made on June 15 and Sept. 15, last, as 32 cents each, .'•••• '• $627,755 !— executive Consolidated —— ——. surplus, Sept. 30— per common share.— Earnings A 15, —— paid Earned common Sept. 31 March surplus Dividends Dividend— United States Tobacco Co.—Year-End •!•; 4 * 1940 $589,111 depreciation-- Prov. ' • 19^1 ' $913,655 profits taxes!-!' for Gash Total usual . / , 1942 i— !———_*—— —— surplus, Earned quarterly dividend of 50 cents per share -pp the common stock, payable Dec. 31 to holders of record Dec. 13. A year' ago, an extra of $1.50 per share was voted, while two years ago the company declared an extra of $1 (see V. 154, p. 1272).—V. 156, p. 1159. the declared ,have directors income Net 'do.—No Extra Dividend— States Gypsum United The ' administrative and general expenses— Depreciation, ———— Provision for Federal and State income taxes— 1942, 16, .,./,r . Selling, Payments during 1941 as follows: March 15, 25 cents; June 14 and Sept. 15, 35 cents and Dec. 15, 30 cents.—-V. 156, p. 791. March .. " profit from operations, including income from leased properties .— —— 15 to holders of record Dec. 1. Distribu¬ made on June 15 and Sept, 15, last, as 20 cents on with compared ' End. Sept. 30— for for excess 'J loan——!— —— for Gross capital been declared on the share has cents per $5, payable Dec, par of 25 of dividend A stock, tions Milk Co.—Earnings— Van Camp 6 Mos. - Co.—25-Cent Dividend— United States Graphite '. • —— bank on Provision Prov. Prov. properly under pro¬ dissolution was fair ruled that the order of parties.—V. 156, p. 1695. all to reasonable and law, the ,1935 of visions of Nov. 2, it reserved jurisdiction as with respect to and certain of United's bondholders petitioned the court review of the SEC order, which provided for payment of prin¬ ; ' 1942 •' ! fees Remuneration Interest " operations Legal fees ' which should be placed in the order the company of accelerated amortiza¬ tax purposes.—V. 156, p. 1696. ; • to as United Light, from Directors' has ordered SEC The While Earnings ,(&, Subs.)—* Ltd. Co., V '• ' SEC to Resume Hearings— cation Flour: Mills Canada Western Earnings— " ; cents 1,* 50 cents each.—V.. 156, p. 1616., and July 1 and Oct. each; 20, 1942 (1941, $1,097,500). For comparative purposes Federal and excess profits taxes for each month of 1941 have been Sept. company 1942. and Oct. 1, last, as compared with r50 cents op Jan; 2, during 1941 were as follows: Jan., 2 and April 2., 40 1 Payments , Appeals on Nov. 12 held that bond¬ not entitled to the 9 Vo premium , the of Court Circuit; S, U. holders July required under the proposed 1942 Revenue Act. This additional amount' Is being spread monthly upon' the basis of taxable income.' The amounts shown above for Federal income taxes include provision for estimated excess profits taxes of $3,946,200 for the 12 months ending Co.—Denied Bond Premium— United Light & Power Monday; November 23, 1942 8c FINANCIAL CHRONICLE THE COMMERCIAL 1872 12 •* - -v " !* V, V- Corp.!—To Pay $8 Dividend— declared a dividend of capital stock, payable Dec. 14 to . holders of payment was made on this issue on Oct. similar compared with $4 per share on Dec. 14, $8 per share on Tecord Nov. 27.; 28, last year, as 1940.—V. 156, p. 1512. >