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t
'NOV
"
'fr-'
i v;
■<#>
.V<rW«W
.'
'
Number 4649
New
RAILROAD
Aetna Life Insurance
Co.—Obituary—
J. Mckeon, senior partner in the investment
banking firm
John
Charles
W.
Scranton
&
Co.
of
New
stock
•1
share to
per
The
i
proceeds
Improvements
,
A
be
plan
(par
$100)
to
100,000
>
,
i
J
i
common
changed
was
(par
$10)
to
from
effect
10,000
lated dividends).-4
,*
§
'
-•
.
'
>
M e%
preferred
stock
(par
7%
preferred
stock
(par $100):
$10)__
..wW
*
.
Common
Class B
stock
(par
stock
qommon
$100)-,^,
(par $10)
—
President.
Cullinan,
He
has
account
been
shares
*y
Lie.-—New Vice-fres.—
associated
with
has
the
been
firm
elected
a
since
June,
p., 1309.
Vice-
One
10,
the
listing
issuable
additional
1947
Nov.
"
lor
for
24,
stock
common
further
notice.—V.
of
share
The
of
of
would
not
Net operating income
5Portion of estimated expenses
>
Federal
income
tax
credit
tLoss.
§Of
equivalent
to
stock
will
at
Earnings
♦Net
per
taxes__
com. share
;
.
,
$753,927
275,404 "
5,214,254
an
increase
of
expense
$867,369
57,614
59.553
550,868
337,672
$791,754
$470,143
tax
Surplus net profit
of
214,864
in
share of
per
166,
stock
common
$4.24
1573.
p.
American Insurance Co. of Newark,
The
the
mail
ton-miles
1946.—V. 166,
over
p.
first
company
Nov.
on
14
filed
with
the
of
SEC
registration
a
state¬
covering the proposed issuance of 662,504 additional shares of
capital stock.
The shares are to be offered to
stockholders through
the issuance of rights on the basis of one new
share for each'two
Shares owned, at a price to be determined
later.
Subject to clearance by the SEC, the offering is
expected to be
made early in December.
It is expected.that any shares of the new
stock not subscribed for will be
purchased from the company by a
nation-wide group of underwriters headed
by The First Boston Corp.
Company has been in business for over 100 years
and, on the basis
of net premiums written in 1946, ranks seventh
among stock fire
insurance companies in the United States.—V.
166, p. 1574,
nine-months
the 4,999,390- car¬
1349.
$1,090,319
by
option
166,
p.
to
the
the
Securities
warrants
on
and
the
Curb
until
In
to
HISTORY
price
not
$13.60
of
in
finishes
under
more
de-register
AND
(Stocks)
(Bonds)
and
as
household
equipment.
$4,059,843
45,529,518
34,661,659
flown—1,104,026,376 918,496,081 572,021,805
representing
such
Nil
Over-the-Counter
improvement In the third quarter of 1947
resulted from
income and
continuing emphasis on operating econ¬
effect.
The increase in the DC-6
fleet contributed
to both of these.
Operating expenses for each of this year's
quarters
were: First, $18,215,974;
second, $18,280,743; and third, $18,932,349.
Tne corporation now has received
pur¬
and
the
maintenance of industrial build¬
industrial
use
finishes
in
general
in the automotive,
are
produced
railroad, furniture,
its subsidiaries were represented
by trade
industrial finishes and 6.2%
by miscellaneous
was
1913
sale
and
of
industrial
finishes,
proceeds
from
the
sale
are
wood
In
finishes
1940, the
the
;
common
funds
working
capital.
CAPITALIZATION,
GIVING
EFFECT
TO
PRESENT
FINANCING
Authorized
3%%
—!42
5%
note, due May 1, 1962
cum.
pfd.
43
Common
45
Class B com.
*On
46
shs.
shs.
($100
35,000
37
shares
I
$5,000,000
41,548 shs.
♦178,890 shs.
50,000 shs.
1,500,000 shs.
449,025 shs.
($2 par)_
assumption that all 5,000 shares
are
pux-chased.
now
449,025 shs.
being offered to executive
«
NOTE—At
_28
Outstanding
$5,000,000
par)
($2 par)——
shs.
personnel
,
shares
executive personnel
deducting estimated
the amount of $42,045, and will be
added to the company's
and
are
proposed to be used to provide additional
general
41
28
of
that 5,000 additional shares offered to
purchased) will amount to $1,725,955 after
expenses in
40
—
primarily
the furniture industry, and certain trade
sales items.
.changed its name to American-Marietta Co.
PURPOSE—Net
—40
Markets
consolidated
and
by
(assuming
40
Miscellaneous Features
5%
Nov. .13,, 1947,
cumulative
were
issued
the authorized
preferred
and
capital shares
consisted
shares
(par $100), of which 34,636
(an additional 6,912 preferred
1947, issued in connection with
were
thereafter on Nov. 15,
the acquisition of Berry
Brothers, Inc., and Lac Chemicals, Inc., except
actual delivery of certificates for
1,852 of such preferred shares
that
State and City Bond Offerings
—57
Redemption Calls and Sinking Fund Notices_48
FLORIDA & NEW JERSEY
Municipal Bonds
MUNICIPAL DEPARTMENT
4
The Course of Bank Clearings
47
Dividends Declared and Payable
45
Combined Condition Statement of Federal
"
Reserve
&
Compan y
Established 1922
80 BROAD STREET
Telephone:
HAnover
9-2f?no
■
Edward D. Jones & Co.
Established
Banks.—>45
Condition Statement of Member Banks of
Federal Reserve System
300 North 4th
,
48
1871
St., St. Louis 2, Missouri
Members
,
.
NEW YORK 4, N. Y.
Bell
St. Louis Listed and Unlisted Securities
48
Foreign Exchange Rates
:
Teletype: NY
1-573
Capital Flotations for the Month of
October, 1947
New York Stock
3
of
shares
outstanding
General Corporation ^Investment News-Coyer.
SPECIALIST IN
who
..
—40
Stock and Bond Averages
52-passenger,
personnel
company
38
Transactions New York Stock Exchange
Transactions New York Curb Exchange
into
in
manufacture
for
39
Toronto Stock Exchange—Curb Section
$0.02
executive
the
shares
common
shares.
use
The
company
54.6%
company
38
St. Louis Stock Exchange
QUARTERS
the
per¬
of American
38
San Francisco Stock Exchange
Montreal Stock Exchange
Montreal Curb Exchange
Toronto Stock Exchange
such
These
executive
incorporated in Illinois Sept. 12, 1930, under the
Asphalt Paint Co., as the successor to a
partnership
by Grover M. Hermann, who is now President and
the principal stockholder.
Prior to 1935, it was
engaged in the manu¬
facture, at plants at Middlesex, N. J., and
Kankakee, 111., of asphalt
base maintenance paints sold under the trade
name
"Valdura."
In
1935, it acquired Marietta Paint & Color Co., which
had plants at
Marietta, O., and High Point, N. C., and which was
engaged in the
37
Exchange.!
Exchange
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
Sept. 30,'47 June 30,'47 Mar. 31/47
Sept. 30/46
$1,272,514
$786,343 *$3,073,636
$492,585
The
established
33
Detroit Stock Exchange
Los Angeles Stock Exchange
amount
the
name
37
Stock
share.
with
underwriters,
certain
$22,909,484
items,
17
Exchange
Cleveland
of
sales
28
Chicago Stock Exchange
Stock
30
several
to
BUSINESS—Company is principally engaged in the
products.
37
Cincinnati
-
the
sales
Boston
402,741
per
than
the
and
such
poses,
Quotations
Baltimore
Stock
by
shares
other industries.
The company is also
engaged in the manufacture and distribution of
certain other products,
including asphalt mastic building board, premoulded
asphalt and fibre
expansion joints for concrete
pavements, resins, .glues and certain
household and agricultural chemicals.
During the nine months ended
Aug. 31, 1947, approximately 39.2%
of the
New York Curb Exchange
Stock Exchange
$8,062,585
EXECUTIVES—Concurrently
shares
common
and
sale
of
paints,' varnishes, lacquers and enamels,
paint industry as "trade sales
items," and of industrial
coatings.
The trade sales items, sold for the
most part
trade names owned-by the
company, are used for various
known
Page
$370,837
new,
TO
common
be
manufacture
This Issue
New York Stock Exchange
New York Stock Exchange
3,600,000
50
the net
offered to
statement
Commission, dealings in
Exchange will be suspended.—V.
Stock and Bond
Offered —The First
Nov. 18 offered 125,000
required as a condition of their purchases to
represent to the
that they are purchasing such shares for
investment only and
a
view to distribution or resale.
; In
the event that
any of
these shares shall not have been
purchased within 60 days from date,
the company will file a
post-effective amendment to the
registration
on
370,000
$0.07
SHARES
offering 5,000
at
be
will
Exchange
1989.
on
company
not with
amended
that
17
218,095
its
Option War¬
OF
125,000
is
customer specification for
office equipment,
radio and
534,435
of
—
will
ings
336,951
Cr62,439
35
OFFERING
plan of reorganization previously filed
with the Securities and
Exchange Commission under the Public Utility
Holding Company Act of 1935 which provides that
outstanding option
warrants for the purchase of
the company's common stock will be
revoked, abrogated, and cancelled and will be accorded no
participa¬
tion in the plan. Attention is directed
by the New York Curb Exchange
to the fact that upon
receipt of notice that the above referred to
amended plan of reorganization
containing such provisions has been
approved
19
-
offering of
Suspended From Dealings—
respect
1945
1,390,000
$0.14
s
sonnel
With
Stock
—
common'shares ($2 par) at $15 per share.
company
rants to Be
Co.
Boston Corp. and'associates
Dec.
on
distribution
535,042
BY
American-Marietta
Co.—Declares Extra of 25 Cents
com¬
business
Nov.
on
1946
*$1,014,779
47,122,438
cAllen
g
f
N. J.—Registers
With SEC—
ment
air
$2.04
-
1|lV .
,
ton-miles
similar period
113,442
$1,400,236
income
Earned
—V.
Nov. 13, the directors declared an extra of 25 cents
per share
th^ rcgulatrquancterly/dlvldend^6/» 30 roehtS per share on the
common
stock, both payable Dec. 15- to holders of record Dec. 2.
This makes a; total of $1.45
per share for the year 1947, compared
with $1.25 paid in 1946.—V.
166, p. 1782.
gross
placed
year,
3,107,182.
American Colortype
loss.
increased
omies
$1,124,832
on
On
NOTE—The
-
.
after
Federal
and
$61,496,840 $47,521,316 $35,303,162
55,429,066
42,961,501
25,917,488
7,494,384
3,469,496
1,323,089
CONSOLIDATED EARNINGS
profit
5,589,797
—
income
Non-operating
previous
company has received orders from the Atchison,
Topeka &
Fe Ry. for the following railroad
equipment: 750 70-ton drop
gondola cars, 250 70-ton ballast cars and 200 70-ton triple
hopper cars.—V, 166, p. 1782.
Sub.)—Earnings—
transition to peacetime
operations
Federal .income tax credit.
Quarters Ended—
Total
American Car & Foundry Co.—Receives
Large Order
owned).
Net
$6,343,724
7,358,247
other operating expense-——
and
Net profit from operations
Non-operating income
This
NOTE—The consolidated statement of
profit and loss includes Amer¬
ican Airlines de
Mexico, S, A., a wholly owned
subsidiary, but does
not
include Sky
Chefs, Inc., Manhattan Air Terminals, Inc.
(both
wholly owned) or American Overseas
Airlines, Inc. (61.8%
-
1946
$8,483,079
sales
to
distributed
close
the
ex
Nov.
on
value
par
505,566
(Cr)
cargo
dividend.
be
the
t$l,426,610
Net
profit
Revenue miles flown
Revenue passenger miles
no
announced
quoted
(net)__.__
Other deductions lrom income (net)
Provision for Federal income taxes_
t
of
1947
expenses
charges
100%
stock
(&
Sept. 30—
revenues
Provision for obsol. and
depreciation
Interest
shares
record
be
flew
1989.
p.
air
Airfreight, American transported 3,523,431 ton-miles
through September, compared with last year's
total, of
ried during a
the
York Curb Exchange
however,
American Airlines, Inc.
9 Months Ended
Operating
Operating
a
common
held
Exchange,
166,
New
additional
payment
share
each
1947.
100,000
in
of
this year
express
also
this
of
to
only
American & Foreign Power Co., Inc.
Aluminum Industries, Inc.—100% Stock Dividend—
stock
ton-miles
year.
1929,
time
?
It
;
executive,
The Boaid of Governors of the
addition
of air
40,720 shs.
dividends of 40 cents per share have been
paid in each of the
first three quarters and 80 cents in the final
period.—V. 166, p. 1885,
mon
flights
transported
nine-month
95,000 shs.
17, the directors declared a dividend of 80 cents per share
on
the
1,288,607 shares of common stock outstanding, payable Dec.
22 to holders of record Dec. 1. This brings the total for the
year to
$2 per share, the same rate that has
prevailed since 1942. Since that
Approved
20,208,666
said that more Airfreight was carried
during this period than in the entire
end
On Nov.
,
of
this
of
Santa
Allegheny Ludlum Steel Corp.—80-Cent Dividend—
"
scheduled
regularly
In
14,138 shs,;
_
'•» presently is handling general accounts.—V.
165,
,
record
a
scheduled flights through Sept. 30
of this year totaled 7,462,727
ton-miles, compared with 6,238,966 sched¬
uled ton-miles of Airfreight flown
during the entire year of 1946.- A
ton mile is one ton flown one mile. The total
Airfreight carried during
the first nine
months
of
this
year,
including contract operations,
amounted to 11,470,981 ton-miles.
1947
—
Albert Frank-Guenther Law,
A.
flew
/
1947
517 shs.
______
/163*p.i
Richard
12,
!
corporation
Co.—Earnings—
Sept. 30—
sales
D. Miller, Director of Sales',
Airfreight
1
OCT.
American Hair & Felt
Cost of
of 1946.
He added that American Airlines also topped
nine-month records for carrying air mail and air express.
lQ-for-1
a
of
four-engine
year
to provide additional capital for
plant
production.
became effective July 30, 1947.
Under this
CAPITALIZATION OUTSTANDING AS OP
;
on
dividends thereon) for the new 6%
preferred on the basis of 1%
shares of 6% preferred for each share
of 7%. preferred (plus accumu-
a
/;
'
F.
split of
the outstanding 9,500
shares; (b) 15,000 shares of 6% first preferred
stock (par $100) were
created, subordinated in all respects to existing
10,000 shares of 7% preferred (par
$100); (c) 47,500 shares (par
4510) of class: B stock were
created, carrying equal rights and privi¬
leges with the new $10 par common except for limited
voting rights.
Holders of the outstanding 9,000 shares of
7% preferred stock were
Uiven until Oct. 1, 1947, to exchange their shares
(plus accumulated
i
\
The
used
shares
consists
35
Copy
a
MISCELLANEOUS
-
Nine Months Ended
during the first nine months
increased
recapitalization plan
(a)
the authorized
~
*
will
and
fleet
and
Record Air Cargo Carried—
(par $10). The stock was sold at $24.56
large processor and manufacturer.
a
Its
Net
Albermarle Paper Manufacturing Co.—Sells Class B
Common Privately. The
company, in connection with
Its recapitalization plan, sold 40,720 shares of Class B
common
INSURANCE
-
Section 1
-
Price 75 Cents
DC-6s.
Haven,
Conn., and a director of
the Aetna Life Insurance
Co., the Aetna Casualty and Surety Co.
and the Automobile Insurance
Co., died on Nov. 10, in New Haven,
t Conn.—V. 166, p. 1573.
:
INDUSTRIAL
-
300-mile-an-hour, four-engine, DC-6 Flagships.
61
twin-engine DC-3s, 46 four-engine DC-4s,
of
in 2 Sections
York* N. Y., Monday, November 24, 1947
PUBLIC UTILITY
-
re.
•viw»t;
MONDAY
Volume 166
2 4 1947
Exchange
St. Louis Stock Exchange
Chicago Stock Exch.
Chicago Bd. of Trade
New York Curb Exchange Associate
Phone
CEntral
Bell
7600
Teletype
SL 593
(2094)
will
not
£ Corporate
(no
shares
California); '300,000 class A common
and outstanding 9,778
Securities Act of
par),
which there were issued
of
Despite the strides made in connecting new
for service is such that there were
shares held in the treasury; and 700,000
(no par), of which there , were issued and
outstanding 89,805 shares.
Effective Nov. 14, 1947, the authorized
shares were changed by:
(a) increasing the authorized 5% cumulative
preferred shares from 35,000 to .50,000 shares; (b) changing
shares, exclusive of 417
class B common shares
authorized class A common
300,000
the
of-Septeihber. Every
order
each of
three-quarters of this year the Bell companies
lines at the fastest rate in history. The 309,000
additional rural
built
total of 1,500,000
common
each of the 89,805 outstanding
class B common shares (no par) into five class B common shares
(par $2), or a total of 449,025 such new class B common shares, each
of which is convertible into a
common share at the option of the
$ holder at any time on or after May 15, 1948, and before Nov. 15, 1952,
;,and will be automatically converted into a common share on the latter
date.
The authorized but unissued class B common shares of no par
first
the
During
issued and
shares (no par),
continuing
337,000 unfilled applica¬
tions for ®ell telephones in rural Areas at the end
effort is being made to accelerate the program still further in
to fill these orders as soon as possible, the announcement said. '
and 117,000 miles of wire added since Jan. l,>far
the record totals established during the same period last year.
(par $2), or a
into five common shares
shares; and (c) changing
unissued,
poles
new
exceed
construction and In transmission
technique are being utilized to expedite the rural. expansion, and im¬
provement program. Among them are long-span construction, powerdriven post hole'diggers, joint use of poles with power companies, and
multi-channel, or "carrier," transmission on rural telephone and elec¬
of
A number
!v
respective numbers
of common
of the several
£0NO. OfShs.
The First Boston Corp.__
18,000
Dempsey &
10,000
10,000
10,000
(Inc.)
(Inc.)
Hemphill, Noyes & Co
Harris, Hall & Co.
Merrill Lynch, Pierce,
Fenner & Beane
10,000
Sons Inc.
10,000
Straus & Blosser
Co
7,000
Wagenseller & Durst,
Bacon, Whipple & Co
5,000
E. W. Clucas & Co
5,000
CONSOLIDATED INCOME STATEMENT
Pacific Northwest
9 Mos.
of
Cost
Selling,
admin,
18,559
doubtful accts.
frov. for
profit
Net
166,
-V.
$2,782,239
252,664
1,073,982
$1,447,213
(est.)
inc.
1944
income
$1,455,592
Net
Earns,
$1,435,220
*Based
847,822
166,254
718,982
$363,714
$316,844
$8,145,340
1,802,807
$2,414,926
$9,943,147
154,058
577,049
56,404
60,771
218,170
176,796
676.464
tax
2,821,707
654,275
5,318
*0186,800
*0102,508
564,516
036,086
1,695,531
193,111
02,397
5,517
04,704
Cr952
subsidiaries—
$1,185,311
$1,161,855
$3,406,475
$1,367,806
$0.89
$0.87
$2.54
$0.87
share
pfd. div. requir-
after
release
•Includes
reserve
of
no
longer
three mcnths and
security of $235,400 for
American Potash &
pansion Program
corporation,
This
chemicals,
on Nov.
far-reaching
—V.
42,000,000
52,945,610
general reserve
a
Chemical
42,393,730
program
to
and pointed out that delays caused by
had been overcome. The revolutionary
new Apex
automatic washer, Mr. Frantz stated, is expected to be in
production shortly after the first of the year.
"Need for productive facilities in space, equipment and tooling has
called for continued
expenditure on capital assets," the letter said.
"This will approach $1,000,000 for the year and includes preparation
for manufacturing the new Apex automatic washer."
materials for
raw
projects
on
a
4.
The previous
April 1, 1946.—V. 166, p. 1782.
to holders of record Nov.
cents on
common
for
proposals
Written
the
office of American
New York 8, before
.
30%.
previously
company's
particularly
also
capacity
all
Nov.
share
May
on
13,
a
construc¬
The
company
has
the
asked
16,
$1,000,000 Bonds—
Commission
the proceeds to
and to reimburse
purpose.—V. 166,
Arkansas Public Service
.continues.—V. 1.66, p. 1573.
Light Co.—Weekly Input—
For the week ended Nov. 13, 1947, the System inputs of subsidiaries
Of this company amounted to 219,561,000 kwh., an increase of 20,763,000
kwh.. or 10.44%, over the corresponding week of 1946.—V. 166, p. 1989.
American Power &
.
American Stores
Period End. Oct. 31—
—V.
166, p.
—
Co—October Sales Up 18.2%—
1947—10 Mos.—1946
$314,994,515 $247,166,259
1947—Month—1946
$38,345,520 $3.2,436,218
Asbestos Manufacturing
Agreement—
...
Co.
of Indiana
Export
Telegraph Co.—600,000 Rural
End of War—
The
Bell
System
has added 600,000 more
telephones In rural
America since the war ended, the company announced on Nov. 17.
This means that the Bell companies have over 40% more subscribers
Jp I rural areas than on V-J Day.
•J A third quarter gain of 89,000 telephones in rural areas brought the
Increase for the first nine months of 1947 to
210,000. By the end
Commercial
as
Dana
and Financial Chronicle (Reg. U. S.
President; William D. Riggs,
Seibert
second-class matter February
1942,
"t
\
See
below.—V.
Berg-Warner Dorp,
aa
fffiyUox^£ntbe. rates T ^change,
4,247,016
amortiz.._
166,
Associated Telephone Co.,
1,432,211
5,679,227
757,175
4,922,052
1,259,521
719,400
9,576,997
—V.
4,202,142
$3.60
$1.58
510
share of common stock.
per
1678.
166, p.
Chicago—Expansion-
Automatic Electric Co.,
See
below.—V.
Manufacturing Co.
Gray
Beech-Nut
163,
647.
p.
Dividend
Packing Co.
Increased—Also
Declares Extra of 40 CentsQn
Nov.
extra
of
quarterly
a
cents
.announces
cf
share
per
payable
December
in
dividend of 40 cents per share and an
were declared on the common stock, par
to holders of record Nov. 29.
The com¬
that "the auarterly dividend has been made payable
this year, rather than in .January of the followin®
18
40
both
28
Dec.
previously been the case.
Accordingly, no dividend will
ir. January, 1948.
It is contemplated that the regular
quarteriy dividend payment dates on the common stock during 1948
will be in
the months of March, June,
September and December,
yea1" as has
be payable
respectively."
Quarterly distributions
Oct.
anu
last.
1,
Jan.
on
and
2
share.--V,
160,
35 cents each were made on July 2
the 3'/2-for-l stock split-up, the company
1347, paid quarterly dividends of $1 per
of
to
Prior
1,
April
1783.
p.
Bell & Gossett Co.—Extra Dividend of 15
—V.
13,
and
166, p. 562.
Distribution of 15£
Bingham-IIerbrand Corp.—Extra
directors
and
and
the
declared
have
dividend of 25 cents per
share on the commoi*
regular
a
15
of
dividend
extra
an
cents
per
quarterly dividend of 12 V» cents per share oi*
all payable Dec. 30 to holders of record Dec. 20.
each were made on the common stock or*
usual
the
preferred stock,
of
Distributions
25
cents
July 15 and Sopt. 30, this year, while on
15 cents was paid.
March 31, 1947 a dividend of
initial of 10 cents on Sept. -30
cents, plus 5 cents extra, on Dec. 30.—V. 166„
1946, the common stock received an
dividend
a
of
10
1
stockholders
The
vote
the
upon
at
a
in
underwriting
the
of
meeting
special
proposed change
a
transfer
were
In
on
first
made
1946,
the $6
Nov.
preferred
CO.—Dividend—
on
one
June
9,
18 declared a dividend
stock
last.
7%
dividend of $1.54 on the
stock were paid on Dec. 28.—V.
othipr
to
be
held
new
a
of
Blair
remittance for foreign
subscriptions
uer
Dec.
16 wil2
wholly-owned subsidiary which
assets.
stock
all
If
Feb.
after
Co.,
&
The company, it was disclosed, recently purchased!
vending machine company through its sub¬
1948.
1,
of
popcorn
a
has received dividends equal to
1063.
:
sidiary, Auto-Vend, Inc., which already
33% of the purchase price.—V. 165, p.
(George W.) Borg Corp.—Annual Report—
Net
Net
taxes
for
State
554,414
-
net
$587„9l£>
,
,
271,628
Cr48,681
Dr21,614
surplus_____^-.^__________„
$802,757
$294*679'
shares cap. stk.
$2.33
$0*85
after
to
State
and
Earnings per share on 345,000
The
$1,308,490
income
Federal
attributable to pripr years
income,
1946
.
and
——
.
and
thereon
transferred
•
1947
before State
operations
from
income
current
assets
Federal
(working
taxes,
r
as of June 30, 1947
compared with $2;335,727"
capital)
amounted to $2,623,425 or $7.60 per share, as
share a year ago. Total net assets as of June 30, 1947
were
$4,814,787, or a book value of $13.96 per share, as compared
with $4,288,030 or $12.43 per share at June 30, 1946.
During• ;tjjae,
year, inventories increased $641,888, caused by increased volume and!'
the need of carrying larger quantities of materials and parts due <to>
uncertainty and slowness of deliveries.
The year-end' balance sheet
shows a bank loan of $300,000, necessitated by the increase in inven$6.77
per
(Continued
on
advwtis^'tesue^wlth ^stauSicjS
Copyright 1947 by William B.
igtrk^^&ss&s&Bgt .art S.
$42 00
on
name to Blair Holdings Corp. and
and securities distribution business
will carry the present name
Inc.
The changes do not involve any distributioni
approved, they will take effect Dec.
31, 1947, and!
stock certificates will be exchangeable for ones bearing the new name-
to
stock and one of $1.32
CompanyPubll jje™. 25 Park Genera1?6 news1 and
(general news a d
rnnnfi*lfis
I—
page
8)
166. o. 1678.
Published _twice a week [e very_Thursday
Vaq«
i
in Name—
Blair & Co., Inc.—Plans Change
taxes
of $1.47 .per share pn
and $1.26 per sharp on the $6 first
preferred stock, hpth payable Dec. 29 to holders of record Nov. 28.
Payments of $1.19- on the 7%
stock and of $1.02 on the $6 stack
7%
Cents—
the directors declared an extra dividend of 15 cents
per share
a regular quarterly dividend of
15 cents per share 013
the 255,000 shares of outstanding common stock, both payable Jan. 2,
1948 to holders of record
Dec. 15, 1947. An initial quarterly of '15
cents and an extra of like amount were paid on Sept.
2, this year,
Nov.
On
Ltd.—Co-Paying Agent—
Associated Telephone & Telegraph
The directors on
the
7.800,622
1,180,558
(net).
Dividends
154.
p.
217,052
712,994
Federal .income
Th.e Bankers Trust Co., New York, N. Y-, 'has been appointed
co-paying agent and co-registrar with the Security-First. National Bank
of Los Angeles for $6,000,000 of first mortgage bonds, series D, 3V8%,
due Nov. 1, 1977.
For offering, see V. 166, p. 1990.
Business Manager.
<t*oo
other
applicable to minority interests.
on
preferred stocks
Income
Adjustments
Patent Office) William B. Dana
,
2,806.808
10,836,518
or
American Telephone &
William
income
Less—Provision
1574.
Telephones Added Since
The
9,302,318
3,050,066
8,209,243
Fiscal Years Ended June 30—
.
Sales.—;
7,249,901
+
Interest charges
1350.
p.
better¬
made on June 15 and Dec.
permission to issue $1,OOP,00.0 of .3 Vt % bonds,
bo usee! to finance its 1947-48 construction program
the treasury for expenditures already made for the
for:
5,871,326
—
11,549,512
of
were
688,100
4,135,900
6,355,550
237,546
.
reserves__
p-1475-
1946.
Seeks Permission to Issue
the
selection
Dividend—
15, 1947.
each
184,150,363 130,410,247
_
retirements and
Non-operating
quarterly
Distributions of 50 cents
$
223,757,523. 161,343,439
_
!
Depreciation,
directors declared an
the
and
1946
1947
Depletion, lease amortization and abandonments
In
extra dividend of five cents
dividend of 25 cents per share on the
common stock, both payable Dec. 15 to holders, of record Nov. 29.
A
payment of 25 cents per share was made on Sept. 15, last', as com¬
pared with 45 cents on Jpne 16.
A 33V3% stock dividend was. paid
On
per
1$
1782.
(& Subs.)- -Earnings-
Intangible development costs
and
Arkansas-Missouri Power Co.—Extra
ash
p.
30—
and miscellaneous
stock,
$28,000,000 first mortgage
of
purchase
tax
income
taxes
The
series
bo
10,368,954
Federal
payment on this issue was 25
due 1977, will be received at the
Gas & Electric Service Corp., 30 Church Street,
11:30 a.m. (EST) pn Dec. 21—V. 166, p. 1782.
bonds,
not
Nov.
on
Nov. 10
Co.—Bids Invited—
Appalachian Electric Power
these
166,
meeting.—V.
the
at
business
of
close
the
operating income
operating and general expenses—
Costs,
share
production by approx. 70% and raise borax production approx.
plant will process brine from deep-level deposits
un¬
touched, which constitute a substantial addition to the
brine reserves in Searles Lake. The lower-level
brine is
rich in scarce soda ash and borax. The power plant addition,
well under way, will .increase the installed electrical generating
of the plant from 16,000 to 31,000 kw., providing more power for
departments.
The company also is actively pushing a general community improve¬
ment program at Trona. An addition has been erected doubling
stee of the Trona Department store, providing a complete
of merchandise to supply ail the needs of the community. Plans are
being completed for erection of a new 900-seat theater, and
tion of
an
addition to the "Trona Hospital, which will include a
maternity ward, -will start soon. Other projects for community
ment are contemplated and construction of. new homes at the Trona
Pioneer Point,
that the directors have placed the
dividend-paying basis with 20 cents a share, payable
Frantz also reported
Mr.
stock
(1) a
plant
This
part of the main
plant in Cleveland, Ohio.
(2) a
increasing
plant housing facilities.
Under construction and scheduled for completion in 1948 are:
new $4,500,000 soda ash-borax plant and (2) a $2,000,000 power
expansion.
The new soda ash-borax plant, well under way, will increase soda
story is being added to
50,000 square foot second
washer,
the manufacture of the new
provide additional space for
To
a
expenditure of
designed to increase
The company extracts chemicals from brine in Searles Lake, a great
patural deposit in the Mojave Desert 170 miles north of Los Angeles.
Last year American Potash produced 541,000 tons of potash, borax,
soda ash, salt cake and other heavy chemicals,
still in short supply,
essential for the manufacture of hundreds of products.
Already completed on the company's list of major
are
three undertakings:
(1) a new $300,000 research laboratory,
modern office building, and (3) a subdivision of 47 homes
in a letter, to
the new ironer
tooling and materials shortages
Corp.—First Step in Ex¬
produce more
Fold-a-Matic,
new
ironer, C. G. Frantz, President, revealed
The letter said full-scale production of
under way this month
will set
of
$235,400 for nine months.—
required through sale
country's largest
of the
of its
production
at
12,441,613
Dividend—
20-Cent Common
interest ira
transfer
its
$
Gross
42,000,000
Production
Manufacturing €o.—Starts
pilot
vote
to
Atlantic Refining Co.
$1C,
started
has
.Company
stockholders.
of
!
record
of
Nine Months Ended Sept,
4,153,882
13,609,928
52,340,756
1469.
166, p.
It is
company.
stock
entitled
be
Earned
9,195,577
190,064,684 176,135,491
J
cabinet-'type
program
subdivision, known as
as
^
Apex Electrical
started last year, calls for an initial
piore than $7,000,000 by the end of 1948 and is
the company's output and also to develop new products.
The
4,636,499
19,216,392
—
52,288,256
12,441,618
of New Ironer—Pays
producers of basic
announced completion of the first phase of its
12
misc. taxes,
and
pay
Total
Completed—
one
postwar
vacation
and State taxes on income
surplus segregated
Earned
industry.
American
wages,
$
6,536,309
Earned surplus
V. 166, p. 849,
f
will
the
with
of
all
affiliate,
Delaware
machines and related patents. It may also
to
interests
which
may
or
may
176,135,431
'
$
bonds.
trust
trawlers
its
of
affiliated
pany
com.
per
1,544,067
stock
Capital surplus.
118,182
investments
Prov. for conting. res.—
Min.
interests' propor¬
tion
of net loss
of
24,600
write-down
630,963
76,262,423
252,828
1,385,854
Capital
5,015
Earns,
259,325
payable
Est. Fed.
575,833
1,716
of
certain
9,230
12,769,633
22,838,770
190,064,684
Accounts
956,445
189,236
consol.
for deprec.
deferred items
at cost less
Total
510,947
1,398
and
448,293
686,176
£4,222,790
etc.
Depreciation
Depletion
Amort,
—
Land, bldgs. and equip., less reserves
Prepaid ins. premiums and other
Rights,
patents and
processes,
61,827,567
agent
deposit
of
Accrued
492,834
224,074
$
$
159,170
711,931
"
62,346,887
15,008,947
25,706,412
securities
accrued interest
receivable and
Accounts
amortization
183,023
Dec. 31,'46
organized
a newly,
fish ;fiUeting
its
Insurance
BALANCE SHEET
'
collateral
and
mortgage
and
Carp.,
Other
LIABILITIES—
costs
for U. S. and for¬
income
lAverplge
\
—
- Sept. 30,'47
Cash and marketable
460,231
and taxes incl.
eign
outstanding.
$4,345,789
199,499
etc.
oper.
Prov.
number of common shares
shares.
common
COMPARATIVE CONSOLIDATED
$3,250,117
1,095,672
263,840
under employees'
annuity plan
Taxes, other than
inc.
in
8,1.49,612
fl,742,031
*$4.16
*$0.98
ASSETS—
Mos.—1946
1947,—9
Mos.—1946
$2,151,086
Pay.
taxes
14,549,382
2,047,854
$6.67
1,784,502
with purchase fund
of ,5% cum. pfd. stock
Other assets and investments
$2,753,010
—
Admin. & gen. exp.,
,
703,900
2,050,229
5,843,581
2.047,854
$2.71
for redemption
317,735
(net)
income
Total
11,836,787
sh
average
on
of
$1,202,081
223,683
$2,435,276
items below—
income
com.
per
number
Ltd.—Earnings-
1947—3
Period End. Sept. 30—
Other
1,562,300
outstanding..
shs.
Com.
55,411
3,756',779
146,250
4,330,450
(est. )__
profit
Balance
Prof. bef.
taxes
taxes (est.)
Fed., inc.
14,278,162
461,250
5,667,300
27,150,069
Inventories
Co.,
114,050
10,432,631
258.600
income
Total
State inc.
1782.
p.
American Metal
98,064,995
13,840,817
323,295
Holders
$1,146,670
$1,359,228
75,992
102,585
of
$556,500
company
m
$2,778,272
381,565
949,493
Total income
on
232,728
155,160
Other deductions
Taxes
$2,549,511
$2,623,211
Oper. profit
income
Other
earned—.
Interest
Other
$13,335,486 $10,721,505
9,675,382 7,759,850
3,527,290
2,336,188 1,&11,651
40,001
14,687
3,333
3,957,157
exps
10,322,459
110,172
operations
from
313,821
325,291
sales
of
such bonds will first be offered tc stockholders of
that any unsubscribed portion of the bonds will
be purchased by underwriters.
-•
....
■
I
In
addition the company
proposes to transfer to Fish Machinery
the
.
1947—9 MOS.—1946
30,311,804 144,866,811
3,656,194
26,510,957
will
sale
and
/
purpose
which
K
50,849,892
the
*
meeting
of
stockholders will be held Dec.
1, 1947,
of authorizing a financing program of the company,
involve, if. the stockholders so determine,
the issuance
special
for
proposed, that
(& Subs.)-^Earnings—
1947—3 Mos.—1946
g
Net
A
payable Jan.. 15; 1948 to
at the annual rate of
made since and including 1922.—V. 166, p. 1989.
Period End. Sept. 30—
3,000
30
have been
Financing—
Atlantic Coast Fisheries Co.—Plans
dividend
directors declared the regular quarterly
the
19,
Ga. In the first;-three quarters of 1947 it had a gross
$317,832,288, and E. M. Morris, . Chairman, said
comparable receivables in the fourth quarter the company's
for the year is expected to exceed $425,000,000.—V. 166, p. 1470,
with
volume
per share P» the, .capital stock,
of record Dec. 15, 1947. Distributions
American Ylscose Corp,
$22,909,484 $19,409,862
16,310,656 13,293,058
—
products sold—
adv., gen. and
$2.?5
Income
1945
1946
Aug. 31,'47
sales
Net
$9 per share
Nov.
On
5,000
3,000
3,000
3,000
3,000
Inc.
Years Ended Nov.
End.
holders
5,000
Watling,
H. Rollins &
E.
5,000
& Co., Inc.,,.
Lerchen & Co.
Alex. Brown & Sons
First Southwest Co
The Ohio
Co
Sills, Minton
of
that
Dividend—
$2.25 Quarterly
Declares Usual
5,000
5,000
Co.^—-__
Dickson & Co., Inc.
Pacific Co. of California—
S.
R.
Republic Co.
qn
companies
'
been
has
manager,
volume .of
business
rural areas
had nearly 2,000,000 telephones in
Sept. 30.•
Bell
regional
Michigan
former
Columbus,
lines.
power
The
underwriters and the
shares to be purchased by each are as
...
names
follows:
^Central
tric
and eliminated.
cancelled
were
UNDERWRITERS—The
.
Moneysmith,
Ii.
D.
appointed Assistant Vice-President of Associates Investment Co. i
j
Associates operates 102 branch offices, having opened- three new
branches
this
month
at Minneapolis,
Minn., Richmond, Va., 1 and
-
value
senior
financing division.
methods in plant
new
Keller,
B.
Harvester
customers, the
demand
Director, etc.—
consultant and director of International
Co., - has been elected a director of Associates Investment
Co.
A former Treasurer of International Harvester, Mr. Keller also
serves as director of Continental Casualty Co'., Continental Assurance
Co., and the Chicago, Milwaukee, St. Paul & Pacific RR.
J
J. R. Braue has been appointed Vice-President of Associates Discount
Corp: in charge of the new Chicago offices. He was connected with
Bankers. Commercial Corp. of Delaware for 24 years and was Treasurer
•of its Chicago operation when Associates Investment bought out the
Bankers Commercial $2,400,000 Chicago portfolio earlier this month.
The new offices will be operated as part of the Associates commercial
Arnold
announced in 1945.
three-to-five year objective
—the
Associates Investment Co,—New
to approach the 700,000
million rural telephones
of the year the Bell companies are expected
mark in their post-war drive to add another
the
of registration under
after completion
until
made
be
1947
Monday, November 24,
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
2
vear
••
\••«/.•
<
•-.
.•
and advertisements must be made
>•-
In New York funds.
issue on Monday]. Othei
Dana Company.
Reentered
—».*«««* -
.
-
Volume 166
Number 4649
THE
The
COMMERCIAL
&
FINANCIAL
CHRONICLE
(2095)
3
Capital Flotations in the United States During the Month of Octobei
And for the Ten Months of the Calendar Year 1947
New corporate issues for October amounted to
$674,-
\
and
$2,500,000 4J/4% preferred stock; $20,000,000 Cities
072,103, the largest monthly total since Dec. 1946, and
Service Oil Co. 2%% debentures and
compares with
can
$378,544,595 for September and $331,843,-
111 for
October, 1946.
183,
88.7%
or
refunding.
Same
was
Thus
Of the total for October $598,149,-
new
the
pattern for the
money and
trend
of
$75,922,920,
financing
14th month,
holds
showing
to
new
the
34.7%
i
The huge spurt in the October
financing
field
viz:
$100,000,000
Co. 3V8%
Co.
total;
Pacific
Telephone
&
first and refunding
utility
Telegraph
debentures; $75,000,000 Pacific Gas &
Electric
2%s; $40,000,000 New England
to.,
same
company for a total of
new
CORPORATE
ures
Capital
1947,
—tl946
Refunding
New Capital
1946 AND
—
—H945-
Refunding
Total
New Capital
$
$
$
$
$
102,635,204
354,744,693
134,670,053
112,954,001
247,624,054
128,343,822
March
30,923,566
309,822,247
159,267,388
339,824,303
additional private
as
1945
$
February-.
was
$4,793,014 refunding.
252,109.489
<fanuary__.
$113,646,598
present a tabulation of figures since Janu¬
be necessary, particularly
may
FIGURES BY MONTHS
Total
Refunding
$
Total
$
278,899,772
44,070,931
$
322,970,703
47,616,401
270,262,410
317,878,811
28,925,290
162,182,000
17
91
24
31
91
July
1
July
July
1
3
91
10
' 9i
day
day
day
day
day
91
Tre»s.
bills
bills
of
U.
(Savings
S.
307,169,645
435,484,918
68,071,687
295,766,014
363,837,701
indobt
j.
bds.
Total
Aug
bonds-
July
91
Aug
1
Ctfs.
1
August
U. S. Savings bds.
Depositary bonds..
August
Tax
Aug.21
Total
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Treas.
bills
Treas.
Of
bills
indebt
day
91 day
91 day
92 day
18
25
1
Ctfs.
15
1
U.
Treas.
bills
Treas.
bills
Treas.
bills
indebt
S.
Savings bds.
Depositary bonds..
Tax Antic'n
Total
for
690,275,558
April
273,383,073
963,658,631-
690,386,056 1,000,987,783
141,067,908
736,847,786
877,915,694
1,302,030,000
1,302,890,000
1,302,309,000
1,102,179,000
2,208,348,000
2,577,709,€00
1,510,517,000
Six
quarter
September
1,943,747,751
1,305,982,000
Treas.
bills
Oct
1,301, 548,000
9
91
day
Treas.
bills
bills
1,301,548,000
1,300,023,000
1,101,781,000
1,101,461,000
1,101,584,000
1,353*869,000
91
day
Treas.
Oct 23
91
day
Treas.
bills
1,303, 753,000
1,104, 764,000
1,103, 005,000
91
day
Treas.
bills
1,101, 584,000
448,903,580
289,889,643'
387,662,791
677,552,434
102,423,035
317,497,872
563,122,202
665,545,237
528,164,539
183,983,528
671,103,991
855,087,519
159,360,123
210,657,327
367,086,226
727,666,105
526,446,349
350,651,431
662,361,295
1.352,125
80,585,300
81,937,425
Oct
1,103,364,565
months
1,793,640,123
£uly
J-
785,583,035 1,409,418,213 2,195,001,248
874,752,732 2,668,392,855
368,801,533
August
148,131,546
147,305,278
295,436,824
354,302,081
Geptember
256,357,364
122,187,231
378,544,595
170,348,753
144,641,925
887,730,697
392,718,764
1,280,449,461
893,452,367
1,267,471,496
3,948,842,316
75,922,920
674,072,103
598,149,183
449,673,579
818,475,112
212,213,966
754,156,243
Treasury bonds
U.
S. Savings
bds.
Depositary bonds
451,909,142
107,541,795
338,267,743
266,634,761
314,990,678
106,185,122
706,075,793
Tax
Antic'n
for
830,144,074 3,546,141,293 4,376,285,367
notes.
331,843,111
214,109,222
86,315,940
676,193,682
60,690,076
102,481,627
774,353,675
167,773,361
347,546,911
8,942,161,460
7,260,266,000
1,681,895,460
77,449,493,949 68,223,,540,000
9,225,953,949
442,572,659 1,439,729,428 1,882,302,037
3,515,117,815' 3,048,636,616 6,563,754,431
1,272,716,733 4,985,870,721 6/258,587,454
tRevised.
10,000,000
1,269,185,000
107,000,000
22,265,000
t97,CC0,00O
1,246,920,000
1,279,185,000
129,265/000
1,149,920,000
6,150,000
21,185,000
160,850,000
543,239,000
731,424,000
27,335,000
704,089,000
315,000,000
120,887,000
26,000,000
110/075^000
289,000,000
10,812,000
136,075,000
299,812,000-
20,000,000
96,175,000
35,000,000
154,035,000
115,000,000
t57,860,000
116,175,000
189,035,000
172,860,000
17(910,918,000 15,348,348,000
2,532,570,000
August—
Certificates
167,000,000
564,424,000
Notes
for
August-
We
now
present
UNITED
STATES
our
Certificates
usual tabulation:
•Notes
Sept. .30 that
subscriptions
received
were
and
ac¬
ury Certificates of Indebtedness offered in
exchange
par
for par to holders of
Treasury Certificates of Indebted-:
of
Series
J-1947
Vvhich matured
an
in
Oct. 1,
on
the
amount
of
$1,439,563,000,
1947, the balance being retired
cash.
The
13, redeemed in cash
all 4 V\ %
Treasury Bonds
presented for payment which
tion
Oct. 15, 1947.
on
There
announced
as
called
were
were
of 1947-52
for redemp¬
outstanding $758,945,-
$00 of these bonds.
The
Treasury Department
1%
on
Oct.
22
announced
ex¬
of
1,671 145,000
100
559 024,568
a
1
Aug
8
91
days
91
days
Aug 15
Aug 21
July 21
Aug
1,601,741,000
1,668,267,000
1,633,803,000
1.717,998,000
1,223,453,000
91 days
Aug 28
92 days
11 mos.
1
10-12 yrs.
opened
$970,220,000
was
459,754,177
for
October
|
Arj,-
sale of
confined
'
■
its
the
99.813
*0.741
*0.752
2,563,000
Department
in
Sept
Sept 11
Sept 18
9.1
Sept 19
Sept 25
92
Sept
Sept 1-30 Sept
Sept 1-30 Sept
Sept 1-30 Sept
Total
for
,1
'•
•
•
'
to
the
usual
weekly
'
f
t
Treasury bills, Savings Bonds, Tax Anticipation
Notes and Depository Bonds.
notes;
certificates
Old
Fund
Retirement
System,
Insurance
give complete details of the
capital flota¬
tions during October
including every issue of any kind
brought out in that month.
we
Details of New Capital Flotations
During October, 1947
days
1,682, 730,000
91
days
1,654 445,000
1,302 890,000
99.801
days
1,519, 494,000
*0.802
1,364. 389,000
1,302 309,000
1,102 179,000
99.797
days
99.793
*0.808
2,208, 348.000
2,577, 709,000
1,510 517,000
1 10-12 yrs.
1,302 030,000
99.806
*0.766
*0.789
2,203 348,000
2,577 709,000
100
100
1
1,510 517,000
100
466, 461,851
a
Long-Term Bonds and Notes (Issues
Maturing Later
Than Five
Years)
1
a
466, 461,851
7/b
12-yrs.
609,000
609,000
100
170 694,900
170 ,694,900
100
1,617,358,000
1,595,477,000
1,393,846,000
1.513,865,000
1,441,104,000
1,301,548,000
September
Oct
3
Oct
9
91
7
Oct 16
91
92
1,943,747,751
days
days
Oct
17
Oct 23
91
days
days
Oct
24
Oct 30
91
days
&
Ohio
RR. 2'/8% equipment trust
certificates,
1948-1957.
Purpose, purchase of equipi. :nt.
yield from 1.30% to
2.35%, according to ma¬
turity. Offered by Halsey, Stuart & Co.
Inc.; Otis A Co.;
The Illinois Co.; Julien Collins
& Co.;
McMaster Hutch¬
inson & Co.; The Milwaukee
Co., and Mullaney, Ross e
Co.
due
Nov.
Priced
b
Oct
1,
to
5,300,000 Chesapeake &
tificates
99.791 + *0.817
1,303,753,000
99.791
1,104,764,000
99.789
1,103,005,000
99.784
1,101,584,000
99.779
1,353,869,000 100
970,220,000 100
488,118,200
a
i
RAILROADS
$2,840,000 Baltimore
2
2 yrs.
2
Below
a
91
Sept 26
Opt
*0.741
due
Ohio
according
*0.835
Inc.;
*0,855
A.
to
G.
Oct.
Priced
maturity.
Becker
1%%
Ry.
annually
chase of equipment.
*0.827
&
serial
15,
equipment
1948-1957.
trust
Purpose,
to
yield from 1.10% to
Offered by Halsey, Stuart
Co.
Inc.;
Blaiv
&
Co.,
Inc.;
1
cer¬
,ur-
y)%,
&
Co.
I
W.
+ *0,873
Sept 22
Oct
1
1 year
Sppt .5
Oct
1
18 years
Oct 1-33
Oct
1
10-12 yrs.
Oct 1-31
1,353,869,000
970.220,000
488,118,260
Oct
12 years
571,000
Oct
571,000 100
2
2 years
214,729,200
214,729,200 100
b
10
months.
,
^
■■■•
.
■
3
77,449,493,949
Average rate on a bank discount basis, 1 a
Comprised of three sepa¬
series, of which series E haye 10-year
maturity, are sold on a
discount basis at
75, and yield 2.90%; series F have a
12-year maturity,
are
sold
discount basis, at
74, and yield 2.53%; and series G
a
12-year maturity, are sold at 100, and bear 2J/2% interest,
Comprised, of separate issues, designated
Treasurv nctes of tax series
C-1947, C-1948, C-1949 and C-1950. Series G
earnings about 1.07%.'
have
on
a
page
6)
a
*
b
on
2>/a
8,942,161,460
...
(Continued
1
rate
operations
Service
and
Unemployed Trust Fun®
Age and Survivors Insurance
Trust Account
Retirement
Fund,
Foreign Service Retirement
to Federal
6,548,027,677
subscribed for and
Treasury
to
notes
2.563,000 100
August
4
*0.740
153,922,500 100
5
Total for
above
99.813
1,201,036,000
1,301,679,000
99.908
1,124,838,000 100
459,754,177
a
153,922,500
Total for October
the
1,201,158,000
2 yrs.
f
of
of
Fund, Alaska Railroad Retirement Fund
Postal
Government Life Insurance
Fund, National 'servico
Fund,
Federal
Deposit
Insurance
Corporation, and
Federal Savings and Loan
Insurance Corporation.
tNet
99.813
Oct 1-31
were
months
special series certificates
Adjusted Service Certificates Fund and
sold
and
Civil
a
1,103,077,000
12 yrs.
Sept
allotted in full.
Outside
•%
9,445,800,168
Aug
7
Aug 14
Aug 22
the
for subscriptions on Sept. 29 and closed
at the close of
v
*0.740
October
10
retired!
Aug
12 Vfe mos.
Oct. 8.
2,741 897,000
559, 024,568
12 V-2 mos.
specifically limited and the books
on
*Comprise-sales
Canal Zone
1
The amount of the
offering
*0.740
Savings
Sept 15
A-1965, dated and bearing interest from Och
99.813
99.813'
2
Sept 15
announced
Total
b
2
15
*0.737
100
2
Oct.
*0.594
99.905 + *0.376
100
Sept
on
99.850
99.814
6 ,736,000
Sept
offering of 2Vz% Treasury Bonds, invest¬
for
1,302 515,000
1,300 023,000
1,101 548,000
231 ,274,600
Aug 20
amount
for
6 736,000
of
.
Total
231 ,274,600
Sept 12
1, 1947, in the
>
October—
2 yrs.
Aug 26
Indebtedness of Se¬
435,887,000
Notes
1,101 260,000
1,101 522,000
July
1
September
Certificates
Life
for
for
12 yrs.
The results of this
offering will be given
1,1947 and due Oct. 1,1965.
{business
Total
Yield
%
2,741 897,000
10 mos.
Treasury Department
ment Series
1,552 038,000
1,600 796,000
days
91 days
In¬
these columns next month.
results of the
1,841 142,000
1,661 863,000
91
July 10
July 17
Price
50,569,756,893
91 days
91 days
an
of
K-1947, maturing Nov.
$1,774,578,000.
was not
3
Total
$
months—
6
July
July 24
91 days
July 25
July 31
Jun 23
1 year
July 1
July 1-31 July 1 10- 12 yrs.
Total
Treasury Certificates
change for Treasury Certificates
The
July 3
July 11'
July 18
for
Aug 1-31 August
K-1948, dated Nov. 1, 1948, in
debtedness of Series
ian
27
Accepted
1947
Amount
Applied for
Due
Aug 1-31 Aug
1
Aug 1-31 August
offering of 11 months
ries
Total
Jun
June
on
DURING
Amount
Dated
July 1-31 July
July 1-31 July
Secretary of the Treasury
FINANCING
$
Offered
cepted to the offering of Series J-1948 1-year
1% Treas¬
Oiess
TREASURY
Date
in
.
September—
Treasury Financing in October
$1,353,869,000
$
2,781,449,000
July—
Total
on
Net IssueA
$
17,906,617,000 15,125,168,000
515,320;272
256,909,782 1,782,390,468
•
Retired
$
months
&
FINANCING
Issued
6
989,700,890 1,203,810,112
Twelve months
The Treasury Department announced
571,000
214,729,200
163,171,703
105,385,492
970,220,000
488.118,260
214,729,200
10 months
for
2,983,000
1,544,000
571,000
INTRA-GOVERNMENT
Tctal
3,720,000
970 220,000
October
for
637,765,751
488 118,260
Certificates
65,208,350
1,525,480,686
._
1,353 869,000
812,260,915
425,940,883 1,798,499,779 2,224,440,662
668;968,183
quarter
indebt
445.809,538
589,877,742
December
of
966,370,209
97,607,061
>-
1,989,637,129 2,791,726,834 4,781,363,963
Stfovember
Fourth
1
404,203,191 1,747,641,514 2,151,844,705
691,922,565 1,585,374,932
October
1
Oct
Total
606,468,042
2,681,370,820
Ctfs.'
Oct
263,135,283 1,010,793,728 1,273,929,011
1,096,184,762 2,099,804,269 3,195,989,031
123,226,255
Nine months
1
Total
483,241,787
Third quarter-.
Oct
Oct
601,369,659 1,704,734,224
609,000
170,694,900
day
210,666,667
Second
466,461,851
92
73.214,400
311,709,864
11
170,694,900
2
517,008,778
May
616,239,67?
609,000
notes.
Oct
375,689,120
fune
2,563,000
153,922,500
5,931,788,000
Oct 16
310,601,727
459,754,177
1,302,030,000
1,302,890,000
1,302,309,000
1,102,179,000
2,208,348,000
2,577,709,000
1,510,517,000
466,461,851
bills
of
1,201,158,€00
1,201,036,€00
1,301/079,000
1,124,838,000
6,548,027,677
Treas.
799,411,168
1,103/077^00
153,922,500
Treasury notes
Treasury notes
15
6,736,00®"
231,274,600
2,563,000
notes.
August
91
11
559,024~568
1,103,077,000
1,201,158,000
1,201,036,000
1,301,679,000
1,124,838,000
459,754,177
Treas. bills
Treas. bills
Antic'n
for
4
870, COG
1,506,000
9,445,800,168 ,8,646,389,000
day
91 day
91 day
92 day
Aug 14
5,490,641,893
1,302,515,000
1,300,023,000
1,101,548,000
1,100,390,000
1,100/016,000
2,741,897,000
231,274,600
for
7
Indebtedness
6,736,000
Tax Antic'n notes.
Oct 30
First quarter
,
Refunding
1,302,515,000
1,300,023,000
1,101,548,000
1,101,260,000
1,101,522,000
2,741,897,000
559,024,568
bills
Treas.
Treas.
Ctfs.
July
7
New
50,569,756,893 45,079,115,000
Treas. bills
Treas. bills'
Depositary
FUNDS
Accepted
,
months...
191,107,290
128,315,273
449,646,550
July
July
July
July
July
6
Aug
Of the month's total
financing is brought to light.
-1947New
for
Aug 28
$118,439,612,
up
showing the different monthly amounts of
oorporate financing; Revisions of the 1946 and 1947
fig¬
$23,496,552; $15,000,-
OF
we
Total
OF
Total Amount
1945,
ary,
000 El Paso Natural Gas Co. first
mortgage pipe line 3s
SUMMARY
of the June financing;
money and
Below
,
shares
common
placed in August; 23.5% of the July
so
for; October 1946.
$30,000,000 ft. J. Reynolds To25-yr. loan; $15,000,000 American Water Works
Inc. collateral trust 3s and 2,687,069
the
Compared with $277,694,£29 in September and
$50,025,000
Telephone & Telegraph Co. 3% debentures, and $40,000,-
of the
of
financing for the month of September;
Municipal issues for October footed
Q00 Duke Power Co. first and
refunding 2.65s.
i
Other large issues were:
jbacco Co.
10.9%
This compares with 23.8%
14.2% of the May
total; 40.9-% of the April financing; 18.7% of the March
issues; 43.8% of the February total, and 45.8% placed
in January.
the pre¬
over
of the total.
80% of the issues
.
vious months is attributed to
large issues in the
privately in October aggregated $166,comprising 20 separate issues, and represented
total ^corporate
money
greater than refunding operations, with the exception of
iMay last.
• '
•
"
; :
<
•
• •
<
,
Type of
Security
Dated
Issues placed
,422,006,
11.3%
or
USE
$19,910,100 Ameri¬
Brake Shoe Co. 4% convertible preferred stock.
In the comprehensive tables
lowing
pages
we
compare
on
the
the fol¬
October
and the ten months, figures with those
for the corresponding periods in the four
preceding,
comparison.
years
year
thus
affording
a
five
■
s
•
a
O
H
O
a
o
>
a
>
a
o
O
>
a
a
o
a
o
a
o
r1
o
9?
HH
OS
to
HH
HH
1-3
CO
Refundi g 12,9 0 38,50 7,869,0
59,2860
1,031520 15,0 0
1,32,347 27,36 87 12,9 0 49,531 20
2,869 0
18,204
3,2804
280,980
6,94,193
167,653
7,392,86 15,0 0 280,980
25, 4593
167,653
5,0 ,0
40,35 85
1,759,380 47,1526 36,25 0 516,80
194,758
7,859,380
24,685 7 34,750 504,278 73,2157
6,10 , 0
40,67326
Capit l
75,40265
42,370 108,3 60
Total
618,3542
42,370 61,50
136, 4813
46,9806
Capit l
1,2038 12
126,093 0 42, 0 67,2 795
Total
Total
3,2804 l7o~48,63 6,34,193
37,20 0 9,15,265 7,0 ,0
$
701,350
Refundi g 587,14987 19758.75 5,10,0 7,0 ,0
s
Capit l
$
New
Total
$
14,85123 1764,25 4,815,265
4,5 2,50
921,5870 2,40,0 20,9562 54,32 90
50 ,0
-1945
143,98267
New
259,170 37,60 35,6 1
31,8431
Refundi g 35,87 40 297 4,950 140, 0
65,20835
132,6450
26,34761
674,0213
75,92 0
Total
$
460,750 64798,620 149, 843
Refundi g 50,67290 257 0,
$
Capit l
New
t
409, 208 39,24860 149, 843
875,0
13,64598
598,14 83
:
-
Grand
Total
Recaonstrudi
"
v;
'V
Can dian
+
Other Farm
United
NOAGRENUWFPID
24,685 7
5,0 ,0
14,85123
14,250 921,5870
50 ,0 0
Refundi g 21,570 512,9 052 10,73 0 46,058 27 24,05 786
5,782,954
820,4 19
50 ,0 0
6,970, 0 27,5 948 3,801,30 28,41 73 25,94 214
8,467,046
10,8491
28,470 540,67 0 13,8750 74,30 0 50, 0
$
Capitl
New
$
Totai
40,23 0 12,9760 85,2160
9~570 0
237,0
$
$
Capitl
New
$
Total
95,0 0
CHAR TE
Capit l
New
25.397,423 168,79 1 2 ,017 0 56,2905 10,4370 146,03975 24,05 786
31,8037
12,36713 1,280, 0 72~ 570 57,13850
3,013625 1 ,024 1 6,970, 0 40,12361 5,081,30 07^2*205^ 85,379 6 26,34921
42,980671
1,50,0 1,90 , 0
40 ,0
70,0 0
945,18 104,0 0
35,8740
62,7034 1,09643
945,18 104,0
460,750
13,0 0 12,50
409, 208
29 ,950
48,069387 51,2769 9,450
35,069387 38,97 6 9,450
30 ,0
30,74 0 287,69150 69,7058 20, 0 1.0 ,0
758"4~,l7 72, 61 40,23 0 12,9 18 104,0
140. 0
30 ,0
34,70 327,9450 76,09 0 20, 0 1,0 ,0
29 ,950
29,14950
l736,0 23,460
Refundi g 4,0 ,0 40,253 0 6,419,420
$
43,50 9,814
50 ,0
50,67290
21,03 0 105,3960 85,2160
$
-1947
74,16 048
5,71 3 1,350, 0 7,~2 5~O6 157, 951
3,5084 1,096,43
95,0 0
147,9 0 1,096,43 "29 7950 1978417
37 ,0
29,34950 19,20 16,43 0 29,14950
74 ,147 43,91 6 21,03. 0 106,48 71 104,0
40,67326
1,759380
12,0341
58,41 048 279,8312 28,970 596,321 15,2 0 7,25To6O 231,4951 50,4 0
1,50,0 2,40 , 0
ireo. o 259,170
Refundig 19,20 16,43 0
-1946
40 ,0 0
1,759,380 2,4960 1,520, 0 12,301 23
15,67031
127,35693
95,0 0
18,72450 1,09643 "29 ,950 18,0714
7615398,,82400782
23141,,8049
65,20835
26,3471
15,20 2 213,97103 34,70. 376,014387 127,3 .69 19.450, 1,0 ,0 15, 0 2 674,0213
25, 0 4,0 ,0 53,2 50 18,69420
75,92 0
15,20 2 18,74103 30,74 0 32,7608 108,6427 19,450 1,0 ,0 15, 0 2
71,958 fbSuotnadyiess OCTBER Notaesn-d ceotp.,manufctres oiemanufctrig ;throaelddtiicnng., Noatens-d ceopt,manufctres oimanufctrig throaelddtiicnn.gg,, ceotp,manufctres-. oimanufctrig; throaelddtiicnng.g,, ceopt,manufctres oimanufc.trig throaelddticinn.gg,, 59s8e,1c4urit3
OOFCTBERCorpate-— boannodtesds Prefstockd stock bonanodtesds Prefstolrcekd stock foreign—Lbonogan-ntoedrtemss PrefstockdComstocokn corpate GovernmtInBteraainonklforgeoviegrnmntLGoaaanvndcie,s•Mu&nicpal—tSt.es,,SPostaeeisn toa.l fdiingnculuoroedest
Domestic- Long-term Short-em Com on Candian- Long-termShort-em Com on Other Short-em
105,3640
$
-1945
20, 0 4,793,014
New
87165,0 35,261
1,520 7,301,23
New
20, 0 18,439612
Capitl 23,460
$
MONTH
594,1 87
$
47,2650 49,150
$
$
SOUMFARY
6,10 , 0
$
179, 0 50,250
Total
-1947
708,350
$
214,092
CaDi
New
-1946
6,10 , 0
Refundi g 34.75,0 504,278 49,036 0
-194
M7192,830505629419678.3,841020,457934i{UISAnBftteOGplProbaoFvecfrhgniodcarmsfdkpg.manllnuteydsTOFFTSYICUSEHICNNAHVOARBERRPESAD
LOFFTMFACOYIGNUHIEAVRVEABCRMENDRPGST,
4,5 2,50
10,8491 1,90,0 76,05814 30,4237
36,25 0 51,80 154,0
$
28,9215
$
15,0 0
$
98,7089 26,093 0 42, 0 38, 06
Refundi g 820,4 19 14,89760 23,901263
$
$
-1943
n>
1,3 2,347 86, 2467
10,86 0 5,364,190 56,897416
$
New
FCOREPIGNAT,
1,50,0
46,0 0 1,2580
Capit l
-194
48,09413
Total
Devlopmnt.
cr
1,50 , 0 34,756 93 27,9 0 49,81250
86, 2467
$
B
fD
1,3250 21,94 193
Refundig 59,23860 27^36",87
—1943
<
92,5790
127,35693
56,920 16,589 0 20,84563
$
O
27,9 0 38,50 26,150
$
92,5.^0 28741,50 6,34 193
al
T~"
a
3
t-1
HH
tT*
•These
OF
MONTH
Bonds , coal, indausntrdl bueildtncgs, ' Intvreustsmn,Miscelanous SBhoortn-TdesmRailroads utiles sctoeall,,Equipment and indausntrdl bueildtcng.s, Intvreustmsn,Miscelanous Railroads utiles sctoeall,,Equipment andindausntrdl bueildtncgs, — Intvreustmsn,Miscelanous Railroad_s utiles sctoeall,,Equipment and indausntrdl bueildtncgs, , — Investmn.trus,Miscelanous corpate
Long-Term Railroads Puutiblleics Irsoten,l,Equipment Maotnords
Total
Total
Other -i. Land, Rub er
Oil
Ship ing
Public Iron, Motors Other Land, Rub er
Oil
Ship ing
Stocks
Total
otal—
Total
T
Public Iron, Motors Other Land, Rub er
Oil
Ship ing
Public Iron, Motors Other Land, Rub er
Oil
Ship ing
10
CO
I
<1 O
£
§
Gi
£
Oi os
fD
§
M
O
O
o
>
fr
3
CO
>-S
I—I
>
t-1
>
o
K
W
§
o
r
55
w
o
tr»
HH
-1
to
CO
O
.
Total
618,390 38,0 0 83,108 43 2,410735 20,5 0
792,60857 90, 0
Total
43,80 90,78
Refundi g 452,81403 15,0 0 60,35 60 3,568, 0 18,0 0
90, 0 386,4 0 236, 81
2, 50, 0
57,340 14,75 106
$
-1943
Capitl 16,2579 2,50 0 2,75318 28,4205
$
New
Total
$
2,148930 12.750 376,05340 83,1 910 59,250, 0
Refundi g 1,74903274 10,75 0 247,10597 8,63,81 38,250
Capit l 39,1 726 2,0 ,0 128,9473 74, 8•092 21,0 0
Total
639,08 0
Refundi g 76,120 259,7 0 10, 0 16,32 403 7,0 X5 6 1,-79-3:5
37,0 0
15,0 0
50 ,0
Total
$
2 0, 0
518.70, 96,038 17,90 37,1.25: 85,70 0 2,51 0 1,50,0 8,2750
Capitl 84,350 20,19358 7,50,0 20,0 215:0315 42,63853
$
New
1,3 2,347 63,9243 0 76,12.0 274,31052 10, 0
7,0 1:6
179,3867
3ri2X347
2,0 ,0
2,0 ,0
43.825,0 1,05879 2 10,4 0 286,0 .615 43.06714 2,51 0 45,0 0 4, 1975
2,16 72 1,987,50 147,3601 10,3890 9,823540 1,835 13
84,350 42,360 9,48750 2 0, 0 362.41,825 52,71 53 1,50X65 9.823.540 62,48 913
14,5914 9,26,082 29, 5:60 632.07,648 96,28452 14,85~0:926 234,972
1,4 7680 2,14.75 4 214,3 082 32. X0 1,079.68 305,689.452 1,750 49,850926 10.32:6O 319,64729
80,30
4,50 0 16,57 230 6,534,02 237,50 287,95 17 61.4 ,905 6,50b:6O 102,8693
i,To 75 50,649 0
2 0. 0
528.170 1,0 5982 19,8750 648, 240 95.83 90 2.51 0 46.50, 0 5d0 106,92 8
10,75 0 82,01 30 12,96730 45X0O, O 678T6-,375
10,. 750,
5.26,0 17,291380 4,267, 54 520, 0 13574T,253 17,0 .0 150, 0 2,518,795 10,67 53
12,750 104,27.982 1,987,50 269,35740 10,3890 45,06:0 9.823:540 18,6518
2,0
10, 0 750, 0
Refundi g 43,8250 975,81 642 10,4 0 164,07 85 43,06714 2,51 0 37,625 0
520, 0
15, 9578 13,680 291,60.f 14,267 54 31478 129 17.0 0 7.21.0 2,518,795 13,29.0
2,50 0 2,38,380 1,07,54 45, 765 -468:795 2716-7,53
2,0 ,0
$
-194
3,50 , 0
15,0 0 14,531 20 48,06 473
50 ,0 0
8,0 ,0
$
468,795
38,0 0 16,94 0 1,07,54 93,618 29
1,346980 2,071.582 203,5702 "237.50 541,341 215.4,691 10,2890 3,09720 4.3X0 14,2784
8°3
9
$
4,351 620 46,0 0 938,25683 213,8467
5,4 2,50
25,0 0
J47.9 0 639,50 671,25087 5,0 ,0
Refundi g 3,841736 4,50 0 540,96 509 41,264328 25,0 0
1,4 065 1,956380 205,70 3,o"6:56o 47,6012 209. 0 1,750 35,op o 10,3820 83,50
50 ,0 0
4,0 0
Refundig 197,03 253, 7624 153,80.76 10,2890 26,509720 4,32765 38,5 46
1.34026,5 1,9235
50 ,0
4.0 ,0
Total $
•
47,9 0 613,4750 314,210
S
-1945
9,7 3,0
New
4,730, 0 208,95 67 14,20
New
520, 0
13,680 273,680 13,250 184,20-6 17,0 0 7,21,0 2,05,0
Capitl 5,260 14,08 3,250, 0 520,0 67r8~3":597 17,0 0 150,0 2,05,0
21,0350 352,190 324,67 95 7,490, 0
$
$
$
-1943
t21,035 356,920 53,68942 21,70 0
$
-194
|1,0 ,0
$
-SL
$
-1945
40 ,0
80,30
1,50 , 0 46, 0 0
T14256255,,,6840412876,303999172784109 7362,6,07,5,86921034340235tFJGtUMPNSBiIEoehnarh•povdoua'cdbgamlenIrvsngnbwcldigfuatfefyck..s§S^UCRDIvliuecmswdy.eMEOFYF3SNIHCODVAA1RRS. 2313,41,02,947381698400677758,650293 15,2471106,359,88796743;2302 245,8,6122656,7095443998,17320..6907408271
MFTEOFYFLAM3INUNOIAHCAVDR1CRRDPMNS.G
Capitl 467,0324 1.90,0 397,2 .174 172,5834
5,4 2,50
$
New
Total
3,17860 38,1250 9 ,69780 753,1496
126,950
Refundi g 2,164 8531 2,14,0 482, 324 73,158 29 126,950
$
-1946
90 ,0 0
$
New
Total
CFGOOORVREPERINGMANTT,,
SOUMFARY
$
3,542067 16,50 0 759,1386 451,2036
101,50
Refundi g 1,0692 76 5,235,0 239,408 3 31,852 7 4,973,50
Capit l 2,9 8642 1,2650 520, 5103 419,26479
$
New
521,50
64,1580 1,8320. 54,29 30 137,50 0 495,2180 589,60 15,7290 41, 450 16,"32:65 15,06250
Refundi g 592, 50 83,96 4 34,69230 24,91820 516,78427 8,359.0 50 ,0 0 9,~23 70 28,349602
2,064,0
Capitl 71,863.0 29,3160 19,60 13750, 271,03592 72,831573 7.30. 0 40,9450 6,9~0,0 86,71289
10.80 70.26372 10.83,80 SXprTBO 538,1762 90.46,71 1,461,0 16,841206 6.05:0 178,4950
64,1580 41 .653 80,51,962 246,758 601,325.69705 628,14953 2.31,50 5n°.-7>04r) 1,34.751 28,76581 498.52 64
50,0 0
2,50 , 0
24,8294 2,732,08 28,9750 34,0813 34,8754 8735-0,926 13,427914
35,125,0 38,125,0 37,634 5826,59,62 109,258760829.07,95 38,549 3 6,502,50 12.59 30 1,34,751 12,63 81 348, 1064
50 ,0 0
$
$
-1946
271-9,57 572697 25 31,47362
592, 0 1,7 02.45 40,317 0 -812,718 435,17048 527,4327 8.359.0 3,219,57 1,50X725 9,8469
36,01 Q0 85,960247 20,634 62 10674-5,82 618.9 065 27.54,3 6,502,50 9,539,3 1,34751 10,36408 316,89 702
71,8630 385.712, 3 40,23 62 245,9 :842 890.42,657 10.4610 13,87250 50.48 3 1.34751 17,-26408 438,61.0
$
CONITGSOURRNEPHUIFPWEAIED
§82,1.0 250, 0 13,0 531, 0 2,068 30 52,0 0
83,0 0 328,0 39,2 71 29,0 0
$
-1947
Total
127,450 714,2793
5, 0 , 0 "39 ,0 0 25,0 0 10723,497
1,50,0 1,90 , 0
New
20, .0 68,570 15,2791 760, 0
7,841,0
40 ,0
Capitl 10,80 45,1348 8,071,30 3,O~ "5O6 194,0 96 5,19214 1.461.0 8,490,280 6ro~5 ":65 45,91536
$
20, 0 813, 50 869,25.48 760, 0
7,50 , 0 7,942,50
7,50 , 0
90 ,0 0
Capit l 1,04 569 36.01 0 517,48 56 679,30865
$
26,05 0 357,126987 5,0 ,0
" 39 ,0 0 25,0 0 10^273,*497
from
New
436,0 -50:6 : : •3570:
812,718
291,6741 5,625,0 210, 840 10,9750
2,1 4,0
40 ,0 0
57825:60 -60 :5 5 976- 5: 16,50 0
409,23 6 21,058 02 520,378.41 37.481,967 3,20,0 2,0 ,0 128,356 70
Refundi g 29,80. 847,9357 3,0 ,0 106,571 3.945,0 4,01 0 25,0 0 6,01,986
20 ,0 0
2,0 ,0
209,527 47,213685
Capit l 183,90 1,24 57 27,0 0 10,36250 12,80 0 503,8 5 147,805. 9.860, 0 41,90 0 138,9 014
20 ,0 0
X X O O "YcXo o 67~40,5O
Total
$
213,90 2,09 8 50 27,0 0 10.36250 15,80. 0 610,3750 15,70 53.871,0 6,90 145,60
$
-1947
CAHARNTDE
$
New
31,,237495906 8,10 3 20,75 83 0 51,,88926437 bSmtaunicypeldtsesBAruhlnswrick 21,3,06788974
3,0 5,0 5,235,0
708,930
13,85248
1,563
000 816 000 o^D 002 914 967 100 000
15,12,2,076472096339
213. 90. 2,49 ,721 27,0 0, 10.13R 36,858, 1, 36573. 289.231 57.071. 67.50 . 2,0 ,0 283,61.70
29.80, 1,0576 32 3,0 0 15.780, 3.945,0 4.01, 0 25,0 0 708,930 23,47 234
271,604
1.265,0 19,730189 21,058 02 473,16 29 137,48967 3,20 0 1,291,07 14,521 950,47 9 183,90 27,0 0 10.36,250 3,85 02 980.73,14 285, 6.97 13.06 0 42,50 1.291,07 260,15936
1,420564
1
1,342799506
EO3CNTD1BER boannodtedss stock stock boannodtedss stock stock-. foreign- boannondtedss. stack stock corpate J fdifingunocubltoraodeinesest NBootaensd-s
GovernmtIBntearanioklforgeoviegrnmnt,GaanvcdiesM&unicpal—tSt.es,,SPostaeeisn QNMauenitwbobc,, O3EMCNOTDN1BTEHRS utiles eccootparl,,1manuft acesori indmaaunsunftcrtdrilg bueildtncgs, htteroraultdcsin.g,, - NBootaensd-s utiles eccootparl,, manufces or—i. inmdaaunusnftcrtdrilg bueildtn—cg'.s, htteorraldutcisn.g,, — utiles eccootpal,, manufctres— oi."indmauansuntfrctdrilg — bueildtncgs,; Inhvtereosatmldtcin-r.ug,, :utiles cceooptal,,manufctres oi indamuanusfncttrridg—_l bueildtncgs, _ tthrroauelddstiicnngg.,,, csoerpcuraitte
MONTHS Long-term Short-em Pref red Com on Candian- Long-term Short-em PIer f red Com on Other Long-term Short-em Pr;ef red Com on
Corpate— Domestic*
Total
Can dian
Loan United
Other Farm
1i
*
toal •These
Grand
Proovinfce
10
Long-Term Railroads Public Irsoten,l, Equipment Maotnords
Investmn Miscelanous Short-Tem Railroads Public ste l, Equipment Maotnords
Total
: Ship ing
Other Land, Rub er
Oil
Iron,
Other : Land, Rub er
Oil
Ship ing Investmn
Miscelanous
Total
Stocks-
Railroads Public Irsoten,l,Equipment Moatonrds Other Land, Rub- e_ri Ship ing
Oil
Miscelanous
Total
otal—
T
Railroads Public? ISroten:l, Equipment Maotnords Other L«>nd. Ruber' Ship ing Investmn Miscelanous
Oil
Total
6
Monday, November 24, 194TT
& FINANCIAL .CHRONICLE
COMMERCIAL
THE
(2098)
I
Co.; Freeman & Co.; First of Michigan
Milwaukee Co.; The Wisconsin Co.; Julien
Pressprich
Corp.;
&
The
Co.; Mullaney, Ross 5s Co.;
Win. E. Pollock
Co., Inc.; The First Cleveland Corp.; Martin, Burns 5s
Corbett, Inc.; Mason, Moran 5s Co.; Alfred O'Gara & Co.;
Thomas & Co., and P. S. Yantis. 5s Co., Inc.
Collins
&
&
3,450,000 Chicago
Eastern
&
Illinois
trust
equipment
2%%
RR.
due $115,000 semi-annually May 1,
1962. Purpose, purchase of equipment. Priced
to
yield
from
1.30%
to
3%,
according to maturity.
Offered by Halsey Stuart & Co., Inc.; A. G. Becker 5s Co.
Inc.; Otis & Co.; Freeman 5s Co.; First of Michigan
Corp.; Martin, Burns 5s Corbett, Inc.;( Mullaney, Ross 5s
Co.; Alfred O'Gara & Co.; The First Cleveland Corp.;
certificates,
series
E,
1948-Nov. 1,
.
S. Yantis & Co., Inc.
Moran & Co., and F.
Mason,
St. Paul & Pacific RR. 1%% equip¬
series
AA,
due semi-annually
of equip¬
ment.
Priced to
according
to maturity.
Offered by Salomon Bros. 5s Hutzler; Drexei
& Co.; Union Securities Co., and Stroud 5s Co., Inc.
,
2,240,000 Chicago, Milwaukee,
certificates,
trust
ment
April
1948-Oct.
1,
2%
RR.
*6,850,000 Erie
certificates, due Oct. 15,
equipment trust
Purpose, purchase of equipment.
Awarded to
Bank of New York and 10 associates on
1948-1957.
National
First
of
bid
1, 1957.
Purpose, purchase
yield from 1.10%
to 2,10,%,
99.54.
,
4,000,000 Jacksonville Terminal Co. 1st mtge. 3%% bonds, series A,
due Dec. 1, 1977.
Purpose, refunding. Price, 101.35 and
int.
Offered by The First Boston Corp.; Merrill Lynch,
Pierce,
Clyde
5s
Fenner
C.
Granby, Marache
Beane;
and
Lord,
&
Corp.
Pierce
1,760,000 Kansas City Southern Ry. 2Va % equipment trust certif¬
icates, series H, due semi-annually 1948-1957*
Purpose,
purchase of equipment. -Priced to yield from 1.15%
to
2.20%, according to maturity.
Offered by Harris, Hall
5s
Co.
maturity.
Offered by Halsey; Stuart & Go. Inc.;
A. G. Becker & Co. Inc.; R. W. Pressprich & -Co.; Free¬
man
5s Co.; Gregory & Son, Inc.; William Blair 5s Co.;
Julien Collins & Co.;
Mullaney, Ross 5s Co.; The First
Cleveland Corp.;
The Milwaukee Co.; Martin, Burns &
to
Corbett, Inc.; Mason, Moran & Co.; Alfred O'Gara 5s Co.,
and F. S. Yantis & Co., Inc.
series
equipment trust certificates,
Purpose, purchase of
Priced to yield from 1.20% to 2.45%, accord¬
B,
due
Oct.
15,
equipment.
ing to maturity.
Drexel
&
1948-1962.
Sanford;
Harold
Inc.
Bank
Trust
&
Colonial
PUBLIC
$10,000,000 Alabama
1977.
Purpose,
100.766
and
Merrill
Offered
int.
Pierce,
Lynch,
The
Co.;
UTILITIES
by
The
Fenner
&
Robinson-Humphrey
First
Co.,
Weld
Agee
consideration
Price,
Insurance
5,031.000 .Derby
due
Power
1977.
Society
Co.
($8,500,000).
Metropolitan
tion.
Sold
United
tne
Sold
privately to
Equitable
to
Shore Gas
debentures.
tal
Price,
4,500,000 Metropolitan
Edison
Purpose,
Co.
1st
bank
pay
mtge.
3%
bonds,
loans,
reimburse
int.
Minsch,
to
finance
Offered
and
&
of
series
8-year
an
capital.
Price,
Co.
6s
101%
and
Insuraiice
Ball,
Burge & Kraus; Bear, Stearns & Co.; Blair & Co., Inc.;
William Blair & Co.; H. F. Boynton & Co., Inc.; Burr &
Co., Inc.; Byrd Brothers; Chace, Whiteside, Warren 6s
Sears,
Inc.;
City
Securities
Securities
Corp.; - Clayton
Corp.; Julien Collins & Co.; Cooley & Co.; Courts & Co.;
R. L. Day & Co.; Dick & Merle-Smith; R. S. Dickson &
Co., Inc.; Francis I. duPont 6s Co.; Equitable Securities
Corp.; Fauset, Steele & Co.; The First Cleveland Corp.;
First of Michigan Corp.; Graham, Parsons & Co.; Green,
Ellis &
Anderson; Gregory & Son,
Inc.; Hallgarten &
Co.;
Ira Haupt & Co.; Hawley, Shepard 6s Co.,
Inc.;
Hayden, Stone & Co.; Heller, Bruce & Co.; Hill & Co.;
Hirseh
&
The
Co.;
Parker
Illinois
Co.;
by
Corbett,
The Milwaukee
Inc.;
Mullaney,
Ross
&
Co.;
Nashville
Co.;
Taylor
Martin,
&
I
Securities
Co.;; >E.
M.
Newton
6s
Co.;
The Ohio Co.; Otis & Co.; Roger S.
Palmer Co.;
Patterson, Copeland 6s Kendall, Inc.; Paul
due
tures,
of
(Del.)
Co.
1967.
Corp.
j
$250,000 Baker
and
Kansas
Educational
Association
the"Methodist Episcopal Church, Baldwin
University
(Trustees of)
City,
Kan.
fund
bonds,
1960.
of
1st
sinking
and
serial
(2 % -3-314 %■)
mtge.
1, 1952, 1957 and March 1,
construction. Priced at 100.504
due serially Sept.
Purpose,
to
finance
according
101,
f\
ETC.
BUILDINGS,
LAND,
to
maturity.
'
Most Sacred Heart of Jesus Third Orde*
Francis, Lorctto, Pa., 2% -3% legal tender
coupon
notes,, due serially Aug. 15, 1948-1957.
Purpo'so,
finance
building construction.
Price, 100-101, according
to maturity.
Olfered by Loewi & Co.
750,000 Province of
Co.
period
the
of
Regular
St.
\\
$1,000,000
MISCELLANEOUS
I
of
Distributing Co. 5%
sinking fund deben*
tures, due 1959 (with stock purchase warrants).
Purpose,
Central
$150,000
Ohio
Ohio
Life
and
Price,
expansion.
bjj
Offered
100.
Co.
July
1967.
1,
capital.
Loan
Small
Pottstown
150,000
Assurance
Co., Inc. 5%
debenture bonds, du€i
reduction of bank loan, working
Offered by Suplee, Ycatman & Cq«
Purpose,
Price,
par.
$300,000
4%%
series,
due
Stroud
stocks
ferred
stocks
are
Light
Travelers Insurance
Harriman
Corp.
Halsey,
Stuart
&
Co.
Burr
stated
a
of
computed
no
Ripley
Works
series,
Transit Corp.
July
&
Electric
C.
W.
Bacon,
Kidder,
Co.;
&
Patterson, Cope¬
•&
Co.
Inc.;
Co.;
sinking fund
refunding.
Placed
Inc.
Faint Co. 5%
sinking fund debentures, due Sept.
1,
1962.
Purpose, finance acquisition, construction and
equipment. Price, 100. Offered by City Securities Corp.
& Ballard Co. 1st mtge. 314-%■ bonds, due 1962.
purchase of new plants modernization and ex¬
Price, par.
Placed privately.
*2,000,000 Ballard
Purpose,
.
tensions.
*3,000,000
(E. W.) Bliss Co. 3'/a% promissory notes, due Oct. 1, 1962.
refunding.
Placed privately with Massachusetts
Life Insurance' Co. and New England Mutual Life
Purpose,
Mutual
Insurance
Co., through Allen. & Co.
*800,000 Brockelman
due
1962.'
Brotheers Inc. 3%% sinking fund debentures
retire bank loaris and finance. ex¬
Placed privately through Lee Hig¬
Purpose,
panding inventories^
ginson Corp.
Helicopters,
140,000 Central
■
.
retire
liabilities
current
?
J
5%
Inc.
and
notes,
due
purchase
Offered by H. P. Piatt & Co.
par.
1957.
helicopter's.
.
•
Co.;
Weil
Purpose,
Securities
Inc.;
Co.,
Hemphill', Noycs & Co.;
Inc.';
Secur*
Union
Corp.;
Co., Inc.;', A. G. Becker & Co.,
Central
Republic Co.
(Inc.);
Allyn &
C,
&
Inc.J
Co.,
&
Merrill Lyhch, Piex-ce, Fenner <5fl
Co.;
Webster
Hornblower
Co.; E. H. Rollins & Sons Inc.J
Estabrook & Co.; Graham, Parsons
W. E. Hutton &
Si
Sons;
Laurefice; M;
Co.;
&
Dullej
Harold E. Wood & Co., and Wurts,
Arnold;
&
&
Hutton
Riter
& Co.
Price,
,
.
1st
f
-
2,125,000 Carolina
mtge. 4%% sinking fund bonds,
refunding ($419,420), general
($380,580)'. * Pi-ice,_ .par and interest.
by Illinois Securities Co. and Mullaney, EosS:& Co.
Corp.
800,000 Conlon-Moore
A,
Burr,
Brown
Stubbs;
MANUFACTURING
AND
INDUSTRIAL
&
Ripley
Harriman
Co.;
&
Si
Si
Marks & CO.; F. S. Moseley & Co.*
Pomeroy, Inc.; Whiting, Weeks &
Paul H. Davis Si Co.; Equitable
Securities Corp.; Harris, Hall Si Co: (Inc.); Maynard H,
Murch Si Coi; Singer, Deane & Scribner; Baker, WattS
& Co.; Mackubin, Legg & Go.; The Milwaukee Co.; Moor0f
Leonard
&
Lynch; Putnam & Co.; The Wisconsin Co.;
Buckley Brothers; McJunkin, Patton & Co.; Bacon, Whipple
& Co.;
Boenning & Co.; Brooke, Stokes & Co.; First ol
Michigan Corp.; Charles II. Gilman and Co.; Granbex-y,
Marache & Lord!; Grimm Si Co.; Hill, Richards & Co.;
Laird, Bissell Si Meeds; E. W. &, R. C. Miller & Co»$
Newbux-ger & Hiano; Pacific Co. of California; Pacific
Nox'thwdst Co.; H. M. Payson Si Co.;" Peters, Writer 5a
Christensen,
Inc.;
Willianl R. Staats Co.; Starkweather
& Co.; Stix & Co.: Bateman, Elchler & Co.; R. H. Johnsoa
& Co.; Lester & Co.; Allison-Williams Co.; Geo. G. Apple.4
gate; 'Arthurs, Lest'range & Klima; Bioren & Co.; H.' F.
Boynton Si Co., Inc.; Burnham and Co.; Richard W. Clarko
Corp.;' S. K. Curtningham Si Co., Inc.; A. G. Edwards 5j
Sons;
First California Co.;
Hill & Co.; Johnson, Lane,
Space & Co., Inc.; Kinsley & Adams; Mason-Hagan, Inci;
Milhous," Martin
&
Co.;
Paul
& Co.;
The Robinson*
Humphrey Co.; Scherck, Richter Co.; Sweeney, Cartwriglx®
Co.; Taussig, Day 8i Co., Inc.; J. D. Van Hooser & Co.$
Si
Thomas & Co.,
4V4%
by
Underwritten
subsidiaries.
and
per
Work$
Water
American
Co.; The First Boston Corp.; Blyth <51
Dillon & Co.; Glofe, Forgan & Co.;
&
Sachs
Schoellkopf,
Purpose,
for
company.
Peabody
Weeks;
Alex.
partial
to
Inc.
Co.
Stone
Beane;
Pierce
in
Eastman,
Goldman,
Inc.;
Inc.;
consideration
Price, $8
Inc.
Co.,
stockholders of
to
Lang'ey
Inc.;
]
shares of coin*
2,687,069
Inc.
Purpose, payment to American Water
transferred
Electric
Offered
share.
Inc.,
&
mtge.
1st
1967.
1,
all
and
Works Co.,
l$5).
(par
investments
its
Price,
& Co;,
Co..
Si Co.,
through Stroud & Co.,
taken at par, while pre*
classes of common stoeil
are
UTILITIES
PUBLIC
White,
due
value
par
Water
stock
mon
mtge. bonds, 3%
series,
Price, 100.99 and int.
Mosle and Moreland; Russ &
Hattier & Sanford.
value
par
their offering prices. >
at
American
$23,496,552
Co.
Corp.
1st
construction.
of
& Co., Inc.
1st mtge. bonds, 2%%
construction program.
by
'1
STOCKS
(Preferred
Telephone
stock
common;
& Co.,
due
&
corporate' purposes,
Price,
Offered
Telegraph
&
$100).
(par
.
ol
shares
21,250
Co.
additional capitaj.
Purpose,
holders.
Inc.; Perrin, West & Winsloft, Inc.: Peters, Writer
Christensen, Inc.; Phelps, FCnn & Co.; Wm. E:. Pollock
& Co., Inc.; Reynolds & Co.; E. H: Rollins 6s Sons Inc.;
Schoollkopf, Hutton 6s .Pomeroy, Inc.; Schwabacher 6s
Co.; Shields & Co.;
Singer,
Deane & Scribner; Stern
Brothex-s & Co.;
Stroud 6s Co.,
Thohxas
6s
Co.;
Lerchen
&
Co.;
Townsend,
Weeden
Inc.; Swiss American Corp.;
Dabney
&
&
Tyson;*
Watling,
Inc.; Wertheim & Co.;
Wheelock & Cummins, Inc.; Harold E. Wood & Co.; Wurts,
Dulles
&
and F.
Co.,
S.
Co.,
Yantis
6s
Co.,
Inc.
75,000,000 Pacific Gas & Electric Co., 1st 6s ref. mtge. bonds, series
Q, 27a %, due Dec. 1, 1930.
Purpose, finance construc¬
tion, etc.
Price, originally offered at par.
Offered by
Blyth 6s Co., Inc.;. Eastman, Dillon & Co,; Glore, Forgan
&
Goldman,
Co.;
Inc.;
Freres
&
&
Co.;
Shields
Lee
S:
&
Co.;
Harriman
Kuhn,
Co.;
Loeb
Ripley
&
Co.;
5s Co.,
Lazard
Lehman Brothers;
Co.;
&
Barney
Securities
Union1
Sachs &
Peabody
Kidder,
Smith,
Co.;
Morgan Stanley 6s Co.;
& Webster Securities Corp.;
Stone
Corp.;
Higginson
White,
Corp.;
Weld
A.
G.
&
Co.;
Becker
Dean
6s
Witter
Co.,
Inc.;
Hemphill, Nojies & Co.; Hornblowex- 6s
Webber, Jackson & Curtis; Harris, Hall
Tucker, Anthony & Co.; The Wisconsin
Whipple & Co.; The Illinois Co.; Kebbon,
Co.;
Weeks;
Paine,
&
(Inc.);
Co.
Co.; Bacon.
McCormitk 6s
Co.;
William
Ri
Staats
Co.;
McDonald
&
Co.; Pacific Northwest Co;; Elworthy & Co.; Hill Richards
&
Co.;
Merrill,
California
Co.
Turben
6s
Co);
Sutro
&
Co.;
and
First
;
Telephone & Telegraph Co. 40-year 3Va% deben¬
1987.
Purpose, extensions, etc.
Price, 101.25
and int.
Offered by Halsey,' Stuart 5s Co., Inc.; AllisonWilliams
Co.;
Amott,
Bakex6s
Co.,
Inc.;
Arthur#,
Lestrance
&. Klima;
Aspden, Robinson 6s Co.;
C. S.
Ashman
Co.;
Auchincloss, Parker & Redpath;
Baker,
100,000,000 Papific
tures,
'
'
4
2%% sinking fund deben»
Purpose,
principally for construction
Placed
privately through The FirsS
Oil
refinery.
new
Boston
1947,
Bank
National
bonds,
Alfred O'Gara & Co.; Otis &
&
Kendall,
Inc.;
Rauscher,
OTHER
6s
6s Co.;
Service
Blair
$250,000 Advance
Co.;
Burns
Minsch, Monell
>
OIL
*$20,000,000 Cities
Corp.;
privately
6s Redpath;
Kean,
Kinsley & Adams; John Kormexidi Co.;
Co.
ities
bonds,
Co. 35-year 3%
construction and
Offered by
Halsey,
int.
Auchincloss,
Inc.;
seriaj
1%%-2% %-3%
15-year
to 1962. Purpose, working
through Reytxolds & Co.
1948
1,
June
$76,090,000
$327,945,000
expansion.
Inc.
Camp,
from
Placed privately
*1,500,000 United Wallpaper, Inc. 3%% 20-year loan. Purpose, work^
iixg capital,
etc.
Sold privately
to Metropolitan Liffl
purchase
Purpose,
Central
Securities
Webster
&
Purpose,
*435,000 Wilkes-Barre
due
for
and
40,000,000 New England Telephone' & Telegraph
debentures, due Oct. 1, 1382.
Purpose,
Stuart
due
notes,
Coffin
and
series,
Monell
! *10,000,000 Stokely-Van
Graham, Parsons & Co.; Gregory & Son,
Inc.;
Stone & Co.; Mason, Moran & Co.; The Mil¬
Co.;
Mullaney, Ross & .C0.; Nashville Securities
Rotan,
capi¬
101.39
Space & Co., Inc.; Henry Herrman & Co.; First
Co.
of
Chicago; R. H. Johxlsori & Co., and
& Co.
<
son, Lane,
Securities
'
Inc.:
land
Co.
treasury
additions, new facilities, etc.
Price,
Offered by Kidder, Peabody 6s Co.
property
payment
waukee
Inc.;
Co.;
&
Bioren
of
payment
Purpose,
constituent company, purchase of planS
of bank loans.
Price,
100 and interest.
of
Hayden,
bonds, due
Offered by-
working
($20,5001,
Offered by
par.
,
1st mtge.
Co.
William Blair & Co.;
Co.;
ist mtge. sinking fund
Co.
refunding
Purpose,
($4,500).
1977.
Heating
&
and
fund debentures,
loans used in
sinking
5%
Corp.
1, 1967. PurM
of SKF war
Life Insurance
by, Lee Higginson Corp.; P. W. Brooks & Co. Inc.J
Dempsey-Tegcler & Co.; Granbery, Marache & Lord; Johni
Whipple &
Dallas Union
Co.; Dempsey & Co.; Dittmar & Co.; R. J. Edwards,
Offered
•
25,000 Jersey
&
Power
1977.
Trust
.
int.
Stone
and
1st mtge. pipe line bonds,
Purpose, pipe line construc¬
through White, Weld & Co.
privately
Gas
Purpose,
and
8,000,000 Texas
1966.
Water Co. 4%
1st mtge. reefunding
15, 1969.
Purpose, refunding. Price, 99.
Warren W. York 5s Co., Itic.
Iowa,
Electric Service Co.
1977.
due
Oct.
in
Offered
Hallowell, Sulzberger & Co.; E. W. & R. C. Miller
Otis & Co.; Paul & Co., Inc.; Julius A. Rippel,
101.51
Co.
67,000 Florin
of
Walter Stokes & Co., and
7,000,000 Texas
series,
Foundation
due Sept.
purchase
loan,
used
Power
&
($220,000).f, Sold; privately
3%
Co.
due
acquisition
*1,000,000 Southern Colorado Power Co. 15-year serial notes.
Pur¬
pose,
redeem ssfial, notes ($780,000),
construction, etc.
construc¬
new
The Duke
loan
1,750,000 Standard-Thoihpson
due Sept.
1,
1967.
Purpose, refunding.
Px-.ice, 102.17 and int.
Halsey, Stuart & Co. Inc.; Graham, Parsons
by
Co.;
due
2.65%
Jersey
1977,
Co.;
Inc.;
States.
mtge. bonds,
($31,500,000),
Insurance
Gas
series,
Placed
($800,000).
of
5s ref.
refunding
Life
Natural
3%
second
&
Life
collateral trust debentures,
refunding
($4,231,000),
1st
Purpose,
tion
and
&
company.
Mutual
1,
Offered
Purpose,
contruction
new
*15,000,000 EL Paso
to
Hancock
John
Corp.
1957.
Assurance
*40,000,000 Duke
transferred
investments
Electric
&
clue
A,
finance
Life
its
privately .to
Co.
Gas
series
for
Sold
par.
and
Co.
Insurance
Oct.
partial
in
Inc.,
bapk
Society.
3% collateral
Purpose,
payment to
Co.,
27/8%
Dohmc Inc.
&
repay
pose,
Co. 1st mtge. bonds, 278%
1976.
Purpose, finance construction program.
Sold privately to Bankers Life Co.; Equitable
101.
Life
10-year
Electric
5s
of
plant.
Placed privately with Penn Mutual
Co. and New York Life Insurance Co.
National Bank & Trust
Co.;
Union National Bank of Pitts¬
First
Co.,
Light
due
Price,
5s
Society
modernization
series,
&
Sterne,
and
*15,000,C00 American Water Works Co., Inc.,
trust
bonds, due Sept. 1,
1957.
Works
Sliarp
*4,000,000
The
4,000,000 South
Water
Trust
Joseph
990,000 St.
Corp.;
Boston
White,
Beane;
Leach.
American
.
burgh.
Co. 1st mtge. bonds, 3 Vi % series, due
extensions,
improvements,
etc.
Price,
Power
1
Sold to Mellon National
Deposit
Farmers
Peoples
Pittsburgh;
$34,740,000
Co.;
Yarnall
bonds,
Price, par and int.
equipment.
and
Co.,
from
ranging
(interest
of
&
trust
car
semi-annually over
l»/2% to 3%).
serially
maturing
Offered by Salomon Bros. & Hutzler;
Securities Corp., and Stroud & Co.,
Woods
E.
Railways
*1,897,000 Pittsburgh
Union
Co.;
Assurance
Co.;
&
4,500,000 Seaboard Air Line RR. 2Vb%
*■» :
.,
Co. 25-year loan.
Purpose,
privately With1 the- Equitable
the United States.
*5,000,000 Robcrtshaw-Fulton Controls
Co.
15-year
3%%
siixking
fund
debentuxfeil, due Oct. 1, 1962Purpose, to repa?
bank loaji borrowed to pay dividend to Reynolds Metal3
Co.
Sold1 privately to John Hancock Mutual Life Insur*
ance
Co.', Massachusetts Mutual Life Insurance Co. ancj
✓
New England Mutual Life Insurance Co.
Reinholdt & Gardner; Reynolds & Co.; Julius A. '
Rippel, Inc.; The Robinson-Humphrey Co.; E. H. Rollins.
& Sons, Inc.; Salomon Bros. & Hutzler; Schwabacher &
Co.; Scott & Stringfellow;
Chas. W. Scrantoh & Co.;
Shields & Co.; Singer, Deane & Scribner; >Stein Bx*os. &
Boyce;
Stern Brothers & Co.;
Stitel, Nicolaus & Co.,
Inc.; Stix &
Co.; Edw. Lowber Stokes & Co.;
Walter
Stokes & Co.; J. S. Strauss & Co.; Sweney Cartwright &
Co.; Thomas & Co.; Wachob-Bender Corp.; H. C. Wainwiught & Co.; Weil & Arnold; Wertheim & Co.; Westheimer & Co.; Wheelock & Cummins, Iixc.; White, Hattier
&
3,800,000 New York, Chicago & St. Louis RR. l7/a% equipment trust
certificates, due Nov. 1, 1948-1957. Purpose, purchase of
equipment. Priced to yield from 1.25% to 2.20%, accord¬
ing
Life
Copeland & Kendall; Inc.; Paul & Co., Inc.; Perrin, West
&
Winslow,
Inc.; Peters, Writer & Christensen,
Inc.;
Phelps, Fenn & Co.; B. W. Pizzini & Co., Inc.; Wm. E.
Pollock & Co., Inc.; Prescott, Wright, Snider Co.; Putnam
(Inc.).
* " ' *
'
.
(R. J.)
Reynolds Tobacco
corporate pdrposes.-' Placed
*30,000,000
Baker, Weeks 5s Harden; The Bankers
Bond Co., Inc.; J. Barth 6s Co.; Bear, Stearns & Co.;.
Bioren 5s Co.; Blair & Co., Inc.; H. F. Boynton & Co.,
Inc.; J. C. Bradford & Co.; Bramhall & Stein; Stockton..,
Broome 6s Co.; Buvnham 6s Co.; Burr 6s Co., Inc.; Byrd
Brothex-s; Caldwell Phillips Co.;
Lee W. Cai-roll 6s Co.;
Central
Republic Co.
(Inc.); Chace, Whiteside,. Warren
& Sears, Inc.'; City Securities Corp.; E. W. Clark & Co.;
Richard W. Clarke Corp.; Clayton Securities Corp.; Coffin
&
Burr,
Inc.; Cohu & Torre-y; Julien Collins & Co.;
Cooley 6s Co.; Courts 6s Co.; S. K. Cunningham & ,Co., '
Inc.; Curtiss, House 6s Co.; Henry Dahlberg & Co.; J. M.
Dain 6s
Co.; Davis, Skaggs 5s Co.; R. L. Day 6s Co.;
Deixipsey & Co.; Detmer 6s Co.; Dick & Merle-Smith;
John Douglas 6s Co., Inc.; R. J. Edwards, Inc.;
Este &
Co.; Farwell, Chapman & Co.; Fauset, Steel 6s Co.; Field,
Richards
6s Co.; The, First Cleveland Corp.; Foster &
Max-shall; M. M. Freeman & Co., Inc.1; Graefe & Co.;
Graham, Parsons 6s Co.; Green,'Ellis Si AndexJson; Gregory
&
Son, Inc.; Hallgarten 6s Co.; Hallowell, Sulzberger &
Co.; Hannahs, Ballin 6s Lee; Harley, Hayden 6s Co., Inc.;
Harrison & Co.; Ira Haupt 6s Co.; Hayden, Stone 6s Co.;'
Heller, Bruce & Co.; Hirsch & Co.; R. H. Johnson & Co.;
Johnson, Laxxe, Space & Co., Inc.; Kaiser & Co.; Kaib,
VoOrhis & Co.; A. M. Kidder 6s Co.; John Kormendi Co.;
D. A; Lomasney & Co.; Martin-Holloway-Purcell; Mark &r
Co.; Mason, Moran & Co.; A. E. Masten &,Co.; McDonald-& Co.; Milhous, Martin & Co.;
E. W. & R. C. Miller &
Co.; The Milwaukee Co.; Minsch, Monell & Co.; Moore,
Leonard & Lyixch; Nashville Securities Co.; The Natiqnar
Co. of Omaha;
Newburger, Loeb & Co.; Newhard, Cook
& Co.;
E. M. Newton & Co.; O'Brian, Mitchell & Co.;
Alfred O'Gara & Co.; The Ohio Co.; Otis & Co.; Roger
S.
Palmer & Co.;
Park-Shaughnessy & Co.; Patterson,
Co.;
Watts" &
(Continued from page 3)
due
Oct.
"
1,
250,000 Consolidated
1957.
Purpose,
Engineering
Corp.
6%
10-year
convertible '
(par
debentures sold to
V :
&
Riter & Co.; Shields & Co.; Smith, Barney
Co.; Stone & Webster Securities Corp.; Union Securities
Corp.;
Watling, Lerchen & Co.; Wertheim & Co.; White,
Co.; Whiting, Weeks & Stubbs; The Wisconsin
&
Co. and Harold E. Wood & Co.
!
.
/.
/
Purpose,
Offered
by
'.Si Mason',
Horner
Offered
of common stoclfl
for
treasury,
reimburse
and
by stocks
subscription
pipe
'
line
construction,
Woodcock,
etc.
McLear
Price,
Si
Co.,
$19.25
pes
Scoti^
and
Inc.
•
Gas C4r
construction.
preferred stock.
4V4;%
privately
Placed
Power
Co.
10,000
through Whitej
Purpose,
pel- share.
.
.
shai'es
of
4%
stocH
preferred
Pricea
improvements, etc.
additions,
i
Purpose^
.
(par $100).
$102
'
15,000 shares of common .stocS
Weld Si. Co.
1,000,000 Idaho
j
loan
'
*2,500,000 El Paso Natural
Offered' by Wegener & Daly, Inc.
<■
11
,
3,350,000 Idaho' Power CO. 100,000 shares of common stock (paf
'
$20).
etc.
Inc.;
Purpose,
Price,
.
.
repayment
$33.50
Lazard
Central
The^Milwaukee Co.; F. S. Moseley & Co.; Pacific
Northwest Co.;
share.
per
$10).
share.
10,000,000 Minnesota Mining: & Manufacturing Co. 2%%
sinking
fund debentures, due Oct. 1, 1967.
Purpose, general cor¬
porate purposes.
Price, iOO3/* and interest.
Offered by,
Goldman, Sachs & Co.; Kidder, Peabody & Co.; Piper,
Jaffray & Hopwood; A. C. Allyn and Co. Inc.; C, 3.
Ashmun & Co.; Blyth & Co., Inc.; J. M. Dain & Co.; Paul
H. Davis & Co.; Eastman, Dillon & Co.; Estabrook & Co.;
Farwell, Chapman & Co.; Folgex-, Nolan Inc.;
GrubbS,
Scott & Co.; Hallgarten & Co.; Harriman Ripley & C6.,
Inc.; J. J. B. Hilliard & Son; Hornblower'& Weeks; \V. E.
Hutton & Co.;' Kalman & Co., Inc% Kebbort, McCormick
& Co.; Lee Higginson Corp.; Lehman Brothers; Carl M,
Loeb, Rhoades & Co.; Merrill Lynch, Pierce, Fenner Sz
repay
Coast Electric Co.
288,750 East
Co.
.
Weld
$30
(par
3% notes, series B, due Aug. 15,
1962.
Pui-pose,! repay; baxik loans. Placed privately with
Metropolitan Life Insurance Co.
.•
!
Shirt
Purpose,
holdefs.
/
\j
America.
Beane;
$10).
Price,
*4,000,000 Ferro Enamel Corp. 3%% loan, due Oct. 1, 1962.. Purpose,
refuxxding1 ($3,000,000), additional working capital ($1,000,000).
Placed privately with Prudential Insurance Co. of
*2,600,000 Manhattan
Offered for subscription by stocls*
share.
per
295,500 Colorado Central Power Co. 9,850 shares
debentures, due. Sept. 30, 1957.
Purpose, retire existing
bank loan, working capital.
Price, par"; Offered for sub¬
scription by stockholders, unsubscribed
Hopkiixs, Harbach & Co.
$100
per
Freres
Republic
"Hallgarten & Co.;
&
Co,
of shox't term
Offered
share.
Co.;
(Inc.);
Wm. P.
A.
G.
Graham,
Paine-Rice
Inc.,
and
5s
Whiting,
Co.;
Shields
Weeks
Blyth
&
&
Co.,
Co.,
Inc.J
&
Cd.8
Parsons
Harper & Son & Co.; Kidder,
Peabody & Co.; Morgan Stanley & Co.;
Co.;
loans, addition^
by
Becker
5s Co.;
5s Stubbs.
Pacific NorthwcsH
Wegener 5s
Daly^
i
Volume 166
Number 4649
THE
COMMERCIAL
FINANCIAL CHRONICLE
&
(2099)
■
If' 1,730,390 Iowa
Public
(pal*
$15).
share.
Service
109,866
shares
of
to
etc.
Price,
stockholders.
common
7
stock
common
rPuiiibse/'c6nsitTUction.
Offered
,
Co.
'
$15.75
per,
.
'
13,000,000 Kentucky Utilities Co.
130,000 shares of
preferred
stock
(par
cumulative.
$100).
Purpose, refunding.
Price,'
y 100 and' div.
Offered in exchange for .6% and 77c. prey
ferred stocks.
Unexchanged shares (32,784) offered by
The First Boston
Corp.; Lehman Brothers; Lazard Frferes*
&
Co.; Glore, Forgan Ss Co.; Kidder,
Peabody & Co.;
Merrill Lynch,
Pierce, Fenner Ss Beane; E. H. Rollins &
Sons Inc.; Union Securities
Corp.; White, Weld & Co.;
A.
.
-
G.
J-
Becker
HilliardShields
&
&
&
Co.
-Son;
Co.;
Inc.;
Bear,
Schoellkopf,
A.
C.
Allyn
Stearns
Hutton
and Co.,
&
&
Co.;
J.
J.
Pomeroy,
Inc.;
Central
Alden
&
Co.,
Ss
283,195
stock
Co.;
Pacific
Co.
Power
Offered
derwritten
by
Co.
Purpose,
for
J.
Inc.;
William
Wis¬
shares
(Pa.)
ards
Hooser
Co.;
Co.;
&
Corp.
1,000
shares
debt
retire
7
52,686
OTHER INDUSTRIAL AND
MANUFACTURING
$1).
200,000
pay
bank
Purpose,
eral
corporate
by
&
loans,
Kraus;
Bioren
&
of
Lumber
Mills,
$1).
Purpose,
Inc.
$5.25
M.
Co.;
slock
Cable
by
Corp.
5,854
working
Purpose,
Barret,
290,000 Wiard Plow Co.
Offered
Purpose,
C.
ment
and
fered
by
&
Co.;
Ball,
Bradford & Co.;
Branch,
Cabell
&
Co.;
Chaplin
and
Co.;
Francis
I.
&
Co.; Allen C. Ewing & Co.; Gillen &
Co.;
Scott and Co.;
Henry Herrman & Co.; Janney
&
Co.; Johnston, Lemon &
Co.; Kay, Richards & Co.;
Carl M. Loeb, Rhoades &
Co.; Moore, Leonard & Lynch;
The Ohio
Company; Prescoti & Co.;
Schoellkopf, Hutton
du
Whitaker
Marks
J.
tive
its
shares of
capital.
Fitch
&
share.
$9
J.
Price,
stock
per
(par
Of¬
liquidate
bartK
working
E.
Gillespie
F.
Pont
loan,
capital.
(par $1).
agricultural equip¬
acquire
Price,
&
$2.90
Co.,
!:,99,000 Davis
stock
share.
per
&
Price,
$11
Tegeler
Pomeroy,
Inc.,
and
Stroud
&
Co.,
Inc.
(par
$51,227,696
.
Co.
2,210,000
shares
of
capital
Purpose, general corporate purposes.
19,910,100 American Brake Shoe
convertible
Co.
preferred
Offered
199,101 shares of 4%
stock
(par
$100).
for
Purpose,
stockholders.
Underwritten
Harris, Hall
&
Co.,
&
Inc.;
Fenner
Co.
(Inc.);
by
The
Drexel
$6
First
&
Co.;
Boston
Corp.;
Harriman
share.
Offered
Price, $45
$25).
for
subscription
$10).
(par
$30.25
$19
Electric
1,000,000 Ballard
&
Ballard
preferred
stock
expansion.
Lyons
&
O'Neal.
Bond
(par
(par
Price,
Co.;
Alden
Co.,
First
50,000
&
Co.;
and
J. J.
Smart
B.
&
$10).
working
Richler
Price,
second
&
Co.;
E.
Boyce;
The
M.
&
L.
M.
Dain
29,164
common
by
American
Stearns
shares of
Davis
stock
(par
&
per
First
of
Green,
Ellis
Harris.
Hall
154,
174
Sachs
&
Co.;
Lehman
Glore.
Forgan
&
Harriman Ripley Ss
Co.,
(Inc.);
Hayden, Stone & Co.;
Noyes
&
5,325;000 Glens
Hemphill,
Ss Co.; Hornblcwer &
Weeks; Johnston, Lemon &
Kidder,
Peabody & Co.; Kuhn, Loeb Ss Co.; Marx
Co.; Mead, Miller & Co.; F. S.
Moseley & Co.;
Falls
(par 05).
$35.50
II.
Murch
W.
&
Maynard
Co.;
Newman
Putnam
Serar.ton
&
&
Co.;
and
E.
H.
Co.;
Piper,
Schneider
&
Chas.
Co.;
Doinan
stock
(par
Helicopters,
Inc.
5,000
shares
of
common
Purpose, construction and
development
of helicopter
rotors, etc.
Price, $1.50 per share.
Offered
by Johin Nickerson & Co., Inc.
manent
capital.
scription
1,000,000
La
of
6,957
by
Price,
of
$35
share.
per
Offered
fered
Paul
H.
Collins
Co.,
Inc.
40,000
Davis
&
Co.;
John
Southwest
Dayton
Co.;
A.
Co.,
E.
Inc.;
Ernest
Masten
Ss
Co.;
&
&
Kosek
M.
Co.;
McCrary,
&
Johnson
271,875
(B.
L.)
&
50c),
(par
Lustron
Corp.
of
of
'
per
shard.
W.
of $4
eral
and
Offered
by
Inc.;
shares
of
stock
working
F.
capital.
Price,
Lushas & Co., Inc^
R.
stock.
Purpose,
financial
prefabricated homes.
Placed
Hornblower & Weeks.
common
Corp.
and
50,000
retire
Offered
shares
(par
bv
of
$10).
unsecured
Brailsford
5 '/a %
67c
of
Inc.;
&
tal.
cumulative
stock
Dillon
&
purchase
loans.
Price,
Co.; Shillinglaw,
-
-
offered
C.
Gibson
Ss
Co.
Mining & Manufacturing Co. 100,000 shares
preferred stock (no par). Purpose,
gen¬
cumulative
&
J;
E.
Co.;
Merrill
Lynch,
Pierce,
Fenner & Beane; The Milwaukee
Co.; F. S. Moseley & Co.;.
Pacific Northwest Co.; Riter &
Co.; Shields & Co.;
Fla.,
2,420
$100)
(par
shares
and
by
A.
Price
&
Barney
& Co.; Stone & Webster Securities
Securities Corp.; Watling, Lerchen &
Co.;
White,
Wisconsin
Weld
Co.;
&
and
Co.;
Whiting, Weeks
Harold
E.
Wood
Ss
&
Smith,
Corp.;
Union
Wertheim
&
Stubbs;
The
Co.
Prosperity
Co., Inc. 3,000 shares of 5% preferred stock
(par $100).
Purpose, general corporate purposes.
Price,
$100 per share.
Offered for subsbcription to
stockholders.
3,000,000 Robertshaw-Fulton
Controls
Co.
shares
of
4%'
Co.;
Insurance
&
Corp.
at
&
So
Co.;
Scherck,
Loewi
&
Co.;
Taussig,
Day
of
common
Offered
by
Co.,
stock
common
(no
Kuhn, Loeb & Co.
shares
of
stock
common
Offered
by
Harriman
Inc.
of
Offered
stock
common
by
of
Offered
Merrill
(no par).
Lynch,
F.
S.
&
Pierce,
First
(no
par).
Boston
Moseley
&
Co.;
Jackson
&
Corp.;
Curtis;
Weeks;
Adams
Eastman,
&
Coffin
Peck
and
Co.
36,000
market
stock
common
by The
Webber,
shares
share.
per
and
of
Offered
(about
capital
stock
by Lehman
$26).
Neergaard,
Kidder
Co.
land
5%
of
&
(par
$1).
Brothers.
stock
(no par).
by
Field
Richards
of
common
common
Offered
Miller
&
each.
Co.
100,000
R.
H.
Co.
stock
Co.;
A.
Ss
$1).
Corp.
10,000
shares
of
5%
cumu¬
Gold
Mines, Inc., 33,400 shares of common stock
Purpose; mining operations and working capital.
share.
Offered
by
Frank
L.
par.
Price,
,;,45,135
Old
Noyes
capital
stock
stock
Price,
Gas
(par
Co.
19,500
per
shares
share.
of
Reynolds
Inc.
&
J.
Blyth
Evans
Webber,
Jackson
&
Lee
Curtis;
Higginson
White,
Corp.;
Weld &
Co.;
Ss
of
common
Offered
by
Fitz¬
Co.
stock,
V.
(no par).
Christie
Co.
8,850
share.
per
<Ss
Co.
shares
Sold
of
pri¬
Co.
78,379
$39.25.
shares
Offered
of
common
bby
Blyth
&
Controls
Co.;
&
Bateman,
&
Co.,
Parker
&
Sold
of
com¬
Offered
Redpath;
Co.;
&
Central
shares
share.
per
Eichler
Co.;
(par
share.
per
500,000
$8.50
Auchincloss,
stock
common
Co.
Co.
Price,
Bradford
Ss
Lax
of
$1,875
Blyth
Republic
&
Co.
by
Ball,
Co.,
(Inc.);
Doolittle, Schoellkopf & Co.; Clement
Inc.;
Co.;
St
Hallgarten
&
Co.;
Hayden,
Stone
Co.;
Kidder,
Lehman
Rhoades St
Co.;
Leonard
&
Staats
R.
R.)
Squibb
(par $1).
Lester
Lynch;
&
Wm.
Co.;
Corp. and Walston,
(E.
Peabody Ss
Brothers;
Loewi Ss Co.;
C.
Price, $31
per
Co.;
W.
Co.;
Carl
Laurence
The
M.
Ohio
Roney Ss
Sutro
Hoffman
Sons
&
&
C.
Langley
M.
Marks
Company;
Co.;
Co.;
Loeb,
&
E.
Co.;
H.
Shields & Co.;
Union
Securities
Ss Goodwin.
32,800
share.
shares
of
Offered
common
by
stock
Allen &
Co.
&
Co. 18,000 shares of common stock
(par $10).
Price, $30.25 per share.
Offered by F. St
Moseley. & Co.; Glore, Forgan & Co.;
Merrill Lynch,
Pierce, Fenner & Beane; A. G. Becker &
Co., Inc.; Blyth
& Co., Inc.; Central
Republic Co.; E. H. Rollins & Sons
Weeks;
Baker
Co.; Hemphill, Noyes & Co.; Hornblower & Weeks; Kay,
&
544,500 Associates Investment
&
&
14,000 shares
$1).
Kraus;
3,024,820 Standard
Hornblower
B.
$5.10
Price,
Corp.
(par
C.
William
by
shares
common
by
Davis
Greenfield,
&
Richards
stock
Amott,
share.
Price,
H.
Rollins & Sons Inc.;
common
Offered
6,000
per
(approximately),
by
stock
mon
Financing
Bradbury-Ames
Link, Gorman & Co.
Lunt;
Insurance
Electric
&
4,250,000 Robertshaw-Fulton
A.
Ss
Sills,
Co.
Offered
Life
Paul
$25).
Price
privately
Ss
Elosser;
Inc.
50c).
Offered by Charles R.
Dunn, fiscal
$47Ta
Gernon;
&
Works
$1).
(par
■•'9,375 Payne Cutlery
1,016,800
Cyanamid
&
&
stock
Brailsford
Co., Inc.; The First Cleve¬
&
$5.25
share.
Credit
through
3,076,376 Pacific
Laboratories, 7,000 shares of common stock (no
Price, $75.50 per share. Offered by A .G. Becker
$10).
Straus
Chicago;
Hamlin
Price,
per
Republic
Moore,
933,573 American
of
by
Co.
$5.75
vately
Porter,
Inc.
&
132,250 Nu-Enamel Corp. 23,000 shares of
Agency Issues
Issues Not Representing New
Offered
Co.;
Dayton
Co.
Engineering
(par
gerald
&
shares
share.
&
Kalman
Holley,
David
100,000
per
Bolger
Securities
Johnson
and
$6
Co., Inc.;
First
Co.
of
stock.
per
&
31,500 Northern
shares
Corp.
Price,
Corp.;
Co.;
bank
of
Candy
$1).
Shillinglaw,
Minton
shares
Purpose, additional working capi¬
$26,625 per share.
Offered by Cruttenden &
First Trust Co. of Lincoln, Neb.
refunding. Price,
agent, New York.
Co.,
&
Co.;
&
(par
$20,00(1,000 Federal Intermediate Credit Banks 1.20%
consolidated
debentures, dated Nov. 1, 1947, due Aug. 2, 1948.
Purpose,
(par
of
share.
shares
Paine,
Paul H. Davis & Co.;
-
Ss
Co.;
Minton
shares
Offered by
shares
&
Co.
Farm Loan and Government
Co.
&
Deetjen
share.
per
shares
Hornblower
Co.;
Inc.;
Inc.;
120,000
10,000
Whipple
Co.
Burge
&
Noel
and
34,261
$4.50
Blyth
50,000
Inc.;
600,000 McPhail
stockholders.
common
M.
of
2,420
York.
par).
Corp.
per
First
The
$8.50
t$528,500 Abbott
stock
Straus
Sills,
Co.;
Co.,
96,200 Luckcnheimer Co. 3,700 shares of
Co.;
The
$15,250,020
\
Inc.;
&
&
50,000
share.
Sachs
&
Burr,
$10).
Acceptance
(par 10c).
New
by
Beane.
Price, $49
stock¬
Dodge
par).' Purpose, payment
$105 per unit of one share
(par
preferred
Price,
and
Co.
1,784,000 Lehman
Price,
to
(no
units
Witter
Price,
and
283,900 Western
Purpose,
by'Buckley'
common
Emanuel,
Atwill
5,000
Price, $36 per share.
cumu¬
capital
Co.;
of
Alstyne,
Vaden,
share.
Corp.
per
&
1,800,000 Kendall
Mackall
purchased by Morgan
Clark,
Inc.
Co.
operating
by
subscription
EStabrook
Tampa,
stock
Washington
Dean
lative
Co.
stock
common
Offered
Van
Co.;
Price,
Price, $59>/8
$27
Fenner
Co.,
pri¬
J.
B.
Hilliard
Ss
Son;
Hornblower
&
Weeks;
Hutton & Co.; Kalman Ss
Co., Inc.; Kebbon, McCormick & Co.; Lee
Higginson Corp.; Lehman
Brothers;
Carl M. Loeb,
Rhoades &
300,000
Co.,
Co.;
corporate
Inc.;
Co.;
&
Co.,
Price,
stock
250,000 Securities
con¬
purposes.'. Price, $102 per share.
Offered
by Goldman, Sachs & Co.; Kidder,
Peabody & Co.; Piper;
Jaffray & Hopwood; A. C. Allyn and Co.
Inc.; C. S.
Ashimny Co.; Blyth & Co., Inc.; J; M. Dain
& Co.;'Paul
H. Davis & Co.;
Eastman, Dillon & Co.; Estabrook & Co ;.
Farwell, Chapman & Co.; Folger, Nolan Inc.;
Grubbs,
Scott & Co.;- Hallgarten &
Co.; Harriman Ripley &
Co.,
W.
and
bank
&
of
Purpose,
Offered
&
&
Supply
Motors
&
Price,
and
Lord;
Thomas
A.
Kennelly;
MacColl,
Fraser
&
Co.;
Mackubin, Legg & Co.; Mcpowell, Dimond & Co.; Merrill
Lynch, Pierce, Fenner & Beane; Miller &
George; May¬
nard H. Murch & Co.;
Paine, Webber, Jackson & Curtis;
Putnam
&
Co.;
Reynolds & Co.; Richardson &
Clark,
Wilson',
common
Straus & BlOsser; Sills, Minton &
Co., Inc.;
Co., Inc.; The First Cleveland Corp.;
Seligman,
& Co.; R._ H. Johnson &
Co.; Hamlin & Lunt;
10,200,000 Minnesota
*
increase
Co.;
Fairman
$50 per
270,000 Intertype Corp.
&
Lubetkin
and
Co.,
Christensen, Inc.;
Inc.
Bolger & Co.;
Kalman
'
&
Fordon,
75,000
preferred' stock
machinery
$10
&
&
of
Offered
shares
share.
Co.;
Co.;
Mills,
&
Purpose, increased capital and
surplus.
Price,
$28 per share.
Offered
to
stockholders
and
underwritten
by
The
First
Boston
Corp.;
G.
H.
Walker & Co.; Brown, Lisle &
Marshall; Barrett & Co.;
Herbert H. Brooks & Co.;
M. Joseph Cunnnings; Davis
&
Davis; Shelby Cullom Davis & Co.;
W. B.
Freeman
&
Co.;
Robert Garrett & Sons;
Granbery, Marache &
Kal¬
low-cost
Candy
convertible
Co., Inc.
Purpose,
through
500,000 McPhail
-
&
share.
per
struction
vately
Watkins
Higgins.
Lemke
$3.62%
*840,000
Co.;
capital
Gran-
Manley
&
Bond
Moreland,
shares
(7,591)
initially for subscription by
2,800,009 Providence
Dunbar
Co.;
A.
&
Raffensperger,
&
shares
for
shares
&
stock.
Dempsey-
Angew
Staats
shares
Gernon;
Dearth
Newhard, Cook & Co.; Peters, Writer
Reynolds
B.
2,870
150,000
Offered
stock
obligations.
sub¬
etc.
Co.; Dittmar &
& Co.; First California
Co.; First
bery, Mai'ache & Lord; Holley,
& "Co.;
share.
per
Co.
preferred
common
per¬
preferred stock (par $25).
Price, $25 per share.
Of¬
Co.; A. C. Allyn &
Co., Inc.;
&
&
for
Finance
cumulative
of
convertible
working capital,
man
Purpose,
Ripley
& tCo., Inc.; City
Gernon; Harrison &
$100).
(par
Blyth
foregoing).
common
through
shares
share.
150,000
per
&
$1).
$10).
(par
Fitch
Mosle
Corp.
stock
Davis
(see
Inc.;
Offered
Manufacturing
cumulative
by
stock.
R.
Stix
Price,
Goldman,
$104.50
Co.;
Unsubscribed
Purpose,
Homer
capital
Rotan,
Finance
share.
under¬
same
Co.
2,956,250 General
Corp.;
Co.,
254,120 Mututal
stockholders.
Plant-Choate
57c
shares
Shuman,
William
par).
Securi¬
Robert Garrett & Sons; Harriman
Ripley
Hemphill, Noyes & Co.; Hornblower & Weeks;
A
M.
Kidder & Co.;
W. C. Langley & Co.;
Mackubin,
Legg &
Co.;
Merrill
Lynch,
Pierce, Fenner & Beane;
Paine,
Webber,
Jackson
&
Curtis;
Piper,
Jaffray
&
Hopwood; Reynolds & Co.; Riter & Co.; Stroud &
Co.,
Inc., and Spencer Trask & Co.
&
$1),
Hajoca Corp.
Inc.;
Barret,
McGann
Purpose, provide additional capital funds.
Cullom
Boston
Corp.;
Frasier
Co.; Albert
Pierce & Co.;
Kenower
Inc.;
stock
common
by
stock
privately
per
Griffin
Builders
t250,,000 General
Son.
Unsubscribed
&
Shelby
Co.;
Co.;
Insurance
per
Stanley
Jaffray
&
Shields & Co.;
Stone &
Webster
Spencer Trask & Co.; Tucker.
Anthony
& Co.:
Union Securities
Corp.; Walling, Lerchen & Co.;
Wertheim & Co., and
White, Weld & Co.
Securities
Co.
Brashears
(par
&
Bacon,
holders,
Hopwood;
f--
Coe.
&
243,495
&
Price,
Co.;
7,500
Co.,
preferred
Co.;
Inc.;
&
Miller,
&
capital.
&
Holley, Dayton &
Hurd, Clegg & Co.;
Indianapolis
Service
lative
Co.,
&
Loewi
;
Rupe
287,000 Federal
Bear,
Evans
Corp
Inc.;
Hughes
Bateman,
Rauscher,
Minton & Co.,
Bros.
Corp.;
Dallas
Brothers;
Kraus;
Corp.;
Anderson;
Co.
Inc.;
Co.,
Dain
Inc.
General
Murch
Co.;
Co.;
Sills,
Share
Hayden,
H.
&;
&
Stern
Austin,
Pur¬
payable, additional working
cap¬
share and div. Offered for
subscrip¬
Unsubscribed shares 179,177)
Michigan
&
&
cumula¬
stockholders.
Goldman,
Co.,
Co.;
Co.;
Securities
$100).
Securities Corp.; Ball, Burge &
Co.; Burnham Ss Co.; Clement A.
&
&
Price,
stockholders.
by
112,974 shares of \r'»
preferred
ties
stock
common
purposes.
Co.;
Miller & Co.; Mackubin, Legg
& Co.; Stein Bros. & Boyce;
Eichler & Co.;
H.
F.
& Co., Inc.; Bosworth, Sullivan & Co.; Paul H.
Co.;
Wm.
P.
Harper & Son & Co.;
Kebbon,
Boynton
Bankers
&
Maynard
Adams
G.
Co.;
Co.,
stock
J.
and
W.
&
notes
of
Price, $102
to
offered
Inc.;
by
Bros.
Hilliard & Son;
general
corporate
Offered for subscription
payment
ital.
Offered
Stein
Co.;
&
M.
shares of
22,500
California
Bradbury-Ames
Allen
Co.;
cumulative
modernization
share.
Purpose,
share.
convertible
tion
4Va 7c.
&
J.
Holley, Dayton & Gernon; Irving J. Rice & Co.;
stock
common
capital.
S.
White, Weld & Co.; Hayden, Stone & Co.; Riter
Co.;
Shields
&
Co.; Graham,
Parsons &
Co.; The
Wisconsin Co.; Blair & Co., Inc.; Watling, Lerchen &
Wagner.
11,297,400 Cluelt, Peabody & Co., Inc.
tive
of
Purpose,
per
Brothers;
Manufacturing Co.
per
pose,
shares
$20).
$20.50
Almstedt
Placed
$7
Torrey;
&
Inc.;
Curt's;
stock¬
McCormick
291,640 Belden
$10
Co.
by
McCormick
Offered
9,000
$4,375
Price,
Blosser;
&
holders.
$100
Inc.; Hemphill,
Inc.
preferred
Co.
Corp.
Price,
$1).
Co.,
Purpose,
increase
share.
Offered by F.
per
Kebbon,
share.
per
the
Manufacturing
(par
share.
per
Moseley & Co.; Glore,
Forgan & Co.; Merrill Lynch, Pierce, Fenner & Beane;
A.
G.
Becker
&
Co., Inc.; Blytli & Co., Inc.;
Central
Republic Co.; E. H. Rollins & Sons, Inc.; Hornblower &
Weeks; Lee Higginson Corp.; Paine, Webber, Jackson &
Pierce,
Co.
Price,
Co.
10c.).
1,050,000 Ero
stockholders.
$6,050,000 Associates Investment Co. 200,000 shares of
Ripley
Lee
per
(par
MISCELLANEOUS
273,000 Anchor Post
Products, Inc. 45,500 shares of common
Stock
(par $2).
Purpose, payment of notes, working
capital.
Price,
Co.;
common
Higginson Corp.; Merrill Lynch,
Beane, and Smith, Barney & Co.
&
by
stock
refund¬
subscription to
subscription
ing ($12,250,000), general corporate
purposes ($7,660,100).
Price, $100 per share.
Offered for
*
$100).
Becker &
Shumaker,
share.
per
Cohu
cumulative
(par
Brothers.
OIL
Texas
cumula¬
series
Inc.
98,447 Dumont
$99,450,000
&
offered
Grubbs,
&
Electric
Engine Co., Inc. 50,000 shares of
who
Price,
&
City Securities Corp.;
Manufacturing
Price,
Of¬
Ry.
21,678 shares of 4Va%
first
Moseley
Co.;
Cohn
$5).
(par
Washington
Ladenburg, Thalmann & Co.; Lee Higginson
S.
&
Kiser,
writers
common
by
Offered by A. G.
F.
Barth
and
Inc.
100,000 shares of
stock,
Noyes & Co.;
stock
share.
common
Price,
Co.,
120,000 shares of capital stock.
Offered
stockholders.
own
preferred
pei*
gen¬
share.
per
to
2,167,800 Cummins Engine Co., Inc.
restore
Offered for
common
share.
per
Co.
950,000 Cummins
fered
(par
equipment,
$20
40,000
to
&
2,400,000 Capital Transit Co.
common
purchase
Purpose,
additional working capital.
per share.
Offered by George F. Breen.
$1).
common
purchase
purposes.
Price,
&
Co.; Laurence
Reynolds
Burge
shares
of
$1).
(par
Inc.
Co.;
Securities
and
7
■
&
Corp.;
$2.50
Products,
"
H.
Co.
(par
Price, $7.50 per share.
$48,069,387
Air
,
Offered by Kay, Rich¬
share.
300,000 U. S. Thermo Control Co. 120,000 shares of
$1,050,000
&
■
Co.; J". M. Dain & Co.; Hayden, Miller &
Co.;
Legg & Co.; Maynard H. Murch &
Co.; Stein
'Boyce; E. M. Adams & Co.;
Bateman, Eichler &
Co.; H. F. Boynton & Co., Inc.;
Bosworth, Sullivan & Co.;
Paul H. Davis* & Co.; Wm. P.
Harper & Son & Co.;
Kebbon, McCormick & Co.; Loewi & Co.; Albert McGann
Securities- Co., -Inc.;- Rauscher,
Pierce &
Co.; Shuman,
Agnew St Co.; Sills, Minton & Co., Inc.; William R.
Staats
Co.; Stern Bros. & Co.; Barret, Fitch &
Co., Inc.; City
Securities
Corp.; Holley, Dayton & Gernon;
Harrison
& Austin-, Inc.; Hurd,
Clegg & Co.; Indianapolis Bond &
Share
Corp.;
Miller,
Kenower
&
Co.;
Raffensperger,
Hughes & Co., Inc.; Rotan, Mosle & Moreland, and Dallas
Rupe & Son.
& Goodwin.
Purpose,
per
Union
-
Co.; Riter Se Co.; Shields & Co.;
Graham, Parsons
The Wisconsin Co;;: Blair &
Co., Inc.; Watling,
Co.;
Bros.
Langley
E.
■
Mackubin,
shares of capital
working
capital.
subscription by stock¬
holders.
Unsubscribed shares purchased by Imperial Trust
Co., Ltd., Montreal.
common
etc.
by
& Co.
&
&
Lerchen
& Co.; Carl M. Loeb,
Laurence M. Marks & Co.;
Sutro
Glass
Price, $100
Stone &
Lester
Co.;
Co.;
$100).
(par
stock
of
&
Walston, Hoffman
100,000 Rochester
Price, $9.50
stockholders.
Un¬
Boettcher & Co., and
subscription
&
Van
Loewi
Staats
R.
Corp. and
Inc.;
California;
D.
Kidder, Peabody & Co.; W. Cl
Brothers;
Co.;
300,000 Southwest
construction,
Hutchinson
Bosworth, Sullivan
29,810
of
preferred
Moore, > Leonard Ss Lynch;
The Ohio
Company;
Rollins & Sorts Inc.; Wm. C. Roney & Co.; Shields
stock
par).
share.
per
&
equipment.
Louis
Colorado
(no
& Co.;
Lehman
Co.;
St.
Long; William R. Staats Co.;
and James C. Wilson & Co.
Co.,
Southern
Ss
Co., Inc.; O'Neal,
Security
&
Bond
Co.;
Almstedt
& Co.; Field, Richards &
Co.;
Inc.;
Russell &
fc/
Richards
L. "Duprce
Brothers; F.
Metropolitan
convertible
stock
(par $25).
Purpose,'. repay ( bank
loan borrowed
to
pay
dividend
to
Reynolds Metals Co.
Price $26 per' share.' Offered
by
Reynolds & Co.; Auchincloss,^Parker &
Redpath;'Ball,
Burge &' Kraus; Bateman, Eichler & Co.Blyth &
Co.,.
Inc.; J. C. Bradford & COij Central Republic Co.
(Inc.);
Paul H. Davis & Co.; Doolittle,.'Schoellkopf &
Co.; Clement
A. Evans & Co., Inc.; Hallgarten Ss Co.;.
Hayden, Stone
& Co.; Hemphill, Noyes & Co.; Hornblower &
Weeks; Kay,
Rhoades
B.
Republic"
Co.; The Milwaukee Co.; Stein Bros. & Boyce; The
consin Co.; Smart &
Wagner; The Bankers Bond Co.,
Stroud & Co. Inc.;
Berwyn T. Moore &
cumulative
Paine,
Hayden,
(par
Read
Oil
$25).
&
Co.,
Co.
Price,
(N.
J.)
$75%
Inc.
$28,268,700
-Represents
issues
placed
privately.
tRepresents special offerings.
40,000
per
shares
share.
of
capital
Offered
by
stock
Dillon,
8
THE
(2100)
COMMERCIAL
and
by
capital expenditures
BALANCE
trade
customers
AS
SHEET
(after
and
JUNE
AT
1947
30,
hand, $762,038; accounts receivable,
for sales discounts and credits of
on
reserve
$100),
payable and unvouchered liabilities (trade),
bank loan payable, $300,000; income taxes withheld from
$29,168;
sundry
accrued
taxes, $59,090; other accrued
(wages, etc.), $90,407; credit balances (accounts receivable),
due to officers, $3,176; other current liabilities, $3,447; provi¬
Federal and State taxes on income, $597,613; dividends pay¬
expenses
$3,795;
for
sion
able, July
1947,
16,
provision for Christmas bonuses, $37,272;
$18,666; capital stock ($10 par value),
$69,000;
for guarantee of product,
reserve
$3,600,000;
earned
shares);- at
cost,
$1,237,537;
less treasury stock (15,000
$6,253,897.—V. 165, p. 1860.
surplus,
Dr$22,750;
total,
share
one
series.
of
the
the
preferred for
will
share of
one
the preferred
Non-operating
Corp.—Special Offering—Paine, Web¬
ber, Jackson & Curtis made a special offering on the
New York Stock Exchange Nov. 12 of 24,000 shares of
capital stock (par $5) at $53 a share, with a commission
of $1 a share,
pay
of
excess
the dividends accrued per share, at the rate of $6 per
the old preferred from Oct. 1, 1947, to the date of redemp¬
unexchanged Shares of old preferred, over the dividends
accrued per share, at the rate of $4.70
per annum, on the new pre¬
ferred for the same period.
The exchange period will expire at 12
annum,
tion of
Noon
on
the
(PST), Nov. 29.
All
shares
of
the
preferred
new
issued
not
the
by
under
company
exchange offer are to be purchased by the underwriters and all
the 45,761 outstanding shares of old preferred not exchanged under
the exchange offer are to be redeemed
by the company, at $110 per
share and accrued dividends, on a date about 60 days after the con¬
of
summation
of
such
purchases by
the underwriters.
Holders of shares of the old preferred desiring to accept the exchange
should deposit their certificates for the shares to be exchanged,
offer
either
with
Ore.,
the
with
or
at .its
company,
American
Trust
office,
Co.,
Main
West
216
California St.,
464
Medford,
St.,
Francisco,
San
Warner
International
facturing
Co.,
at
and
Huntington,
Warner
of
completed
General
Ind.,
Sales
and John
International
the
for
Manager
DeLind,
W.
the
of
Asbestos
the
products
radiator
hose
be
to
and
Promissory
fan
the
in
belts.—V.
166,
expansion
will
program
be
Borne Scrymser Co.—To Pay
Nov.
14, the
capital stock,
the
like
A
Dec.
amount
14,
directors
declared
payable
165,
15
Dec.
d'sbursed
was
1846.—V.
$1 Dividend—
of
14,
last,
$1
of
holders
to
June
on
dividend
a
share
record
and
per
Nov.
28.
15
and
June
on
on
2794.
p.
Boston Woven Hose & Rubber Co.—Annual
4.70%
under
and
7,888,430
11,549,544
Depreciation
Taxes
206,423
242,637
other
than
income
taxes
In
June,
stock
60,164
income
1947,
stock
for
Federal
other
income
income
tions
Carr-Consolidated Biscuit Co.—Omits Dividend—
directors on Nov.
19 took no action on the common
dividend
at
this
time.
Quarterly distributions of 25 cents each
were
made on March 24,
June 23 and Sept. 23, this year,
and in each
The
due
quarter
301,000
$5.28
and
tLand,
2,222,244
buildings,
machinery,
etc
1,851,118
3,337,000
:
1,125,617
2,777,177
Prepaid
expenses
Preferred
stock
Common
stock
shares
(211
(515
shares
of
of
17,601
28,396
As
Aug.
$8,942,464
$10,544,048
Accrued
551,152
159,598
stock
(par $100)
(86,000 shares of
stock
Common
750"666
750,000
4,300,000
value)
par
4,300,000
3,764,686
no
surplus
2,819,338
$8,942,464
$10,544,048
"After
reserves
depreciation
of
0f
$108,835
$2,224,557
in
in
and
1947
and
1947
$87,069
$2,160,596
in
in
tAfter
1946.
1946—V.
166,
1475.
The
Nov.
on
fiiecl
14
letter
a
of
with
notification
7.000 shares
of capital stock to be offered at $11.50
underwriting.
Proceeds will be used for additional
capital.—V. 164, p. 240'j.
\
a
Without
company,
the
in
SEC.
stock.
the
covering
Otis
largest
&
Co.
on
manufacturer
Nov.
filed
19
a
public
of
Cleveland
offering
is
of
of
1,038,207
named
as
the
Adver¬
statement
shares
of
underwriter
with
Charles
creased
retain
A.
Ward.
from
President,
$2,700,000
substantially
common
stock
and
all
will
in
of
own
under
1933
his
whose
to
over
direction
sales
$30,000,000
in
have
1946,
in¬
will
holdings of the company's
approximately 16% of all of the common
stock to be outstanding.
Sales for 1947 are expected
present
be
about
Net earnings
$2,227,839 re¬
ported in 1946.
This is equivalent to $1.76 per share on the total
of 1,263,645 shares to be outstanding.
The company has announced
its intention
to
an
initial quarterly dividend of 25 cents per
pay
share on the new common stock in March of next year.
alter
taxes
Brown
design,
mark
&
are
expected
Bigelow's
manufacture
"Remembrance
to
to
exceed
business,
and
sale
$34,000,000.
substantially
the
established in 1896, consists of the
of
products which under the trade
Advertising"
are
sold
to business firms ranging
position
not
declare
to
Action—
at this
dividend
a
of
paid on Jan. 20, 1947.
Dividends
share.—V. 164, p. 2283.
paid
totaled 40 cents
1946
in
1947—10 Mos.—1946
1947—Month—1946
1,081,950
166,
6,458,128
581,022
1679.
p.
Bank Credit—
Celanese Corp. of America—Large
a
The
if
extent
the
of
30%
Nov.
the
it was
by
17.
period,
the
over
1954.—V.
15,
$25,000,000 two-year stand-by
a
institutions headed
announced on Nov.
during
used
70%
Nov.
on
Central
On
banking
Company,
credit,
to
of
has arranged
of
group
Manhattan
on
$98,224,23?
4,975,559
$17,316,486 $12,416,858 $149,352,241
The corporation
eventually
31,
1947,
company
was
operating
have
revenues
31%
increased
owned
company
kilowatts,
an
installed electric gener¬
which 99%
is hydro, which
27%upon
the completion
of
approximately
15,000 kilowatts,
of
115,985
giving
the
company
aggre¬
an
kilowatts.
the two-year
succeeding five
166,
the directors declared
stock,
payable Dec.
this issue
Bank
the
will
years
and
credit
of the
be repayable
the balance
1251.
p.
Dividend—
Common
Co.—Resumes
Foundry
17,
common
sells electricity at wholesale to Mountain States Power
an
affiliate)
and to Pacific Gas &
Electric Co.
It
or
a
part
and of
of
the
four REA
electric
requirements
of
one
underwriters
energy
of
and the
the
dividend of 25 cents per share
a
of
several
the
17
record Dec. 1.
share made on
holders of
to
M.
H.
M.
E.
&
N.
that rights
announced
11,500 shares of
reimburse
distribution
and
the
the shares of common stock will
in part for the cost
treasury of the company
extensions to its electric transmission
to provide funds for further like con¬
including
additions
system
and
struction.
CAPITALIZATION,
GIVING
2,000
3%
mtge.
bonds,
Aug. 1, 1976
Common
Outstanding
articles
to
increased
from
effective
incorporation,
of
shares
150,000
100,000 to
April
1947.
18,
sale of 11,500 shares.
on
BOND
stock
$2,300,000
11,115,000
$5,000,000
"1,500,000
(par $10)
common
amendment
(Based
due
:
stock
"Authorized
by
B,
series
OFFERING
PRESENT
TO
EFFECT
Authorized
First
REFUNDING—As
outstanding $570,000
Oct.
of
the company refunded its
bonds, series A, due Jan. 1,
1946,
15,
first mortgage 3V'2%
1961, paid a $300,000 bank loan and secured additional cash by issu¬
ing, at 102, $1,100,000 first mortgage 3% bonds, series B, due Aug. 1,
1976.
On April 15, 1947, the company sold an additional $400,000 of
such series B
bonds at
102 and on Aug. 22,
1947, sold a further
of
$800,000
2,000
2,000
2,000
1,500
series
B
bonds
at
101.
All of such
series B bonds were
received
purchased by John Hancock Mutual Life Insurance Co.
by the company above the amount required for the
The cash
retirement
3.57
1,500
debt has been or will be used by the company for
construction of property additions or for reimbursement of the treasury
1,500
of
3.57
1,500
2.38
Co
1,000
2.38
1,000
2.38
1,000
Co
2.38
1,000
of California
2.38
1,000
of
outstanding
the
for such expenditures.—V.
company
Central Ohio Light & Power
1,000
2.38
Co
Harper & Son & Co
Hogan &
Oversub¬
Co., Inc.—Stock
19
subscribe for
3.57
Mejia
Pacific Co.
to
3.57
Co
&
Bruce
Wesley Hall &
P.
2,000
_
Blankenship, Gould & Blakely, Inc
Hemphill, Fenton & Campbell
Robbins
to
the sale of
from
proceeds
property
4.76
Atkinson, Jones & Co
Davies &
net
used
4.76
Inc
Co
Conrad,
The
of
4.76
Rollins & Sons,
William R. Staats Co
&
2,000
4.76
4.76
Co
H.
Sutro
7,000
4.76
Co
Northwest
11,000
16.68
Byllesby & Co. (Inc.)
California
per
respect to subscriptions under the supplemental offering.
Com.
Shares
26.20
Co
&
Nov.
on
stock,
preferred as may
Lynch, Pierce, Fenner & Beane_
Adams
Electric
Louisiana
stockholders
to
cents
10
was
1783.
p.
scribed—Company
issued
the
Unexchanged
Merrill
Central
on
166,
cooperatives.
names
common
new
payment
1943.—V.
be
Percentage
166, p. 178'3.
166, p. 1784.
Co.—Earnings—
3 Mos. End. Sept. 30
Period—
1946
1947
Total
operating
Total operating
Operating
deductions-
_
$647,581
519,489
$2,964,338
2,252,254
$128,092
$712,084
1,960
12,825
$149,353
revenue
income
income
Other
12 Mos. End.
Sept. 30, '47
$737,363
590,505
$146,857
2,495
revenues
$130,052
$724,909
Offered—Halsey,
California Water Service Co.—Bonds
Cq. Inc. (as sole underwriter) on Noy. 19 of¬
$1,500,000 first mortgage 3*4% bonds, series C, at
Gross income
Provision
Federal
for
15,768
35,426
179,331
33,967
154,264
$60,659
$391,312
10,800
.
income taxes-
25,896
$77,688
deductions
income
Total
10,800
43,200
$68,883
$49,859
$348,113
103.50 and interest.
issue
received
&
Co.
at
was
the
(Inc.),
Dated
the
purchased from stockholders.
decided
19
cash
Profit
of Oregon
the com¬
awarded
sale
101.07;
Nov.
were:
18
Union
on
bid
a
Securities
of
102.239.
and
Corp.
Other offers
Harris, Hall
101.088.
Dean Witter & Co.,
Nov.
1,
1945;
due
Nov.
1,
1975.
Interest
payable
at
office
in San Francisco, or, at option of holder,
at agencies of company in
Los Angeles and New York.
Bonds will
be redeemable prior to maturity as a whole or in part at any time
upon not less than 60 days' published notice
at regular redemption
prices or special redemption prices.
The bonds are also redeemable
through the operation of a sinking fund commencing with the year
ending Oct. 31, 1956, and pursuant to an involuntary liquidation of
of
the
authenticating
company,
at
income
Net
Dividends
Balance
common
and
Nov.
on
'the
Period End. Oct. 31—
While
Stuart &
proposed public offering price is $9.50 per share.
The present stock, which will be split 10-for-l
prior to the public
offering, has been closely held.
The shares to be offered are to be
'
State
No. of
working
"Remembrance
registration
a
the
follows:
The
the
world,
of
California.
Hydro Project, expected to be in the latter part
leases from Mountain States Power Co. steam
capacity
shares of
fered
The
part
in the above businesses,
the percentages of such of the
not be .issued by the com¬
pany under the exchange offer, agreed to be purchased by the under¬
writers, respectively, and the numbers of shares of the common stock
agreed
to
be
purchased
by
the underwriters,
respectively, are as
the
Bigelow, St, Paul, Minn.—Stock to Be Pub¬
licly Offered—
tising"
all
preferred
42,000
share.
Brown &
that
Sales
and
company
company
furnishes
—V.
company
for
the
capacity of
municipality
M.
The
the
years
increased
Falls
The
(formerly
Wm.
Brewers' Best Associates, Inc., N. Y.—Files with SEC—
SEC
Aug.
of
100,985
be
Toketee
Holt,
Total
P.
554,371
contracts
on
preferred
Earned
518,755
1,018,612
taxes
Advances
will
Pacific
payable
was
per
company's
issued
customers 39%.
1947,
of
generating
First
LIABILITIES—
Accounts
31,
capacity
generating
Co.
past five
the
number of
of
ating
E.
Total
directors
so
with
17,601
28,396
co.)__
co.)
direct
of
the company may be restored to
a
higher level than
it
is
at
present."
Quarterly distributions of
10
cents each
were
made on March 20, June 20 and Sept.
22, this
year, and, in addition, a year-end dividend, declared on Dec. 18, 1946,
shares of common
company
39,816
Patents
and
wholesalers
Caterpillar Tractor Co.—Earnings—
tBorrowing
1
53,782
Inventories
receivable
2,349,884
1,290,743
securities
accounts
$752,854
2,722,792
1
Government
Carr,
B.
J.
common
stock (par $10) pursuant to their preemptive
right expired at the close of business on Nov. 17. Sub¬
scriptions received from stockholders exercising their
preemptive rights, together with subscriptions under the
supplemental offering, substantially exceeded the avail¬
able number of shares and allocation will be made with
the
new
$871,489
S.
to
expansion
None
deed of trust
period.
During
and
31
1946
losses
sales
to
for conserving working capital in the
occasioned by inventory mark-downs,
necessity
operating
was
southern
engage
ended
revenues
UNDERWRITERS—The
1947
President, was because
face of recent
contraction in
non-recurring expenses incident
to large
distribution.—V. 166, p. 1251.
above
the
months'
$498,671
45,000
during 1946.
action, according
The
27,
months
12
1949.
ASSETS—
'•Notes
the
to
Offered—A
Co.—Stock
Paper
headed by Kirkpatrick-Pettis Co. on Nov. 18
previous
the
Cash
TT.
in
be sold afc
Jan.
of
$14.74
AUGUST
the
month
same
part of the State of
continue
the
by H.
sold
The
of
322,500
SHEET,
to
SEC for
B. Van Sinbeing sold
with
tiled
was
being
banking
of¬
fered 40,000 shares of common stock ($1 par) at $53 per
share (excluding divs. payable Nov. 20). Proceeds will
be added to company's general funds.—V. 196, p. 1783.
Carpenter
450,000 shs.
and
amount.
reclassified into 390,000
the
stock,
approximately 73% of the
derived from the retail
sale of electricity, approximately 21%
from the wholesaling of elec¬
tricity and approximately 6% from the sale of water.
Revenue from
sales
of
electricity to residential customers
(approximately 35%
of
the gross operating revenues) increased approximately 19% in the 12
months
ended
Aug.
31,
1947,
as
compared
with
the previous 12
the
37,900
share
BALANCE
expressed
BUSINESS—Company
northern
operating
425,600
45,000
common
in
mortgage
dispose of its water business.
may
$962,171
dividends
per
in
notification
of
common
Washington, Conn., and 3,700 shares of common
by Harrison White, Inc., of New York.
The shares will
market.
Without underwriting.—V. 165, p. 68.
—V.
were
and
conducted
the
83,900
$1,312,848
Earnings
7,793 shs.
42,000 shs.
75,834 shs.
first
the
unlimited
par)
as
the 312,000 then outstanding shares of the
AND
expects
781,500
taxes.
taxes
dividends
Common
is
(no par)
$20)
being
in
and
gate
Preferred
24,373 shs.
incorporated in California
on
Oct. 16, 1920.
The company is an operating public utility company
engaged
in
the
production,
transmission,
distribution and sale of
electricity and the development and distribution of water, its opera¬
$2,178,248
for
Provision
t4,500,000
18,000 additional shares of such stock.
capacity
Provision
bonds
letter
a
($1
Catalin Corp. of America—No Dividend
$13,500,000
750,000 shs.
under
13
of
deren
The
agreement.
(par
Nov.
shares
time
7,793 shs.
series
$524,192
Y.—Filing with SEC—
Callahan Zinc-Lead Co., N.
On
3,500
Outstanding
42,000 shs.
in
$514,269
1990.
scale
24,373 shs.
issuable
$684,045
159,852
PRESENT FINANCING
*
authorized
these
common
$902,007
106,388
the
126,789
1,270,111
$2,071,860
Other
134,607
1,673,309
of
1,
may
determine
stock (par $20)
credit
For
$15,671,957 $10,393,760
Nov.
(callable)
amount
securing
gross
$17,053,284 $11,243,386
849,626
1,381,327
due
directors
"The
Report—
1946
all
of
(par $100):
cum.
series
Common
it
1947
TO
(non-callable)
pany
Fiscal Years Ended Aug. 31—
retirement
(non-callable)
HISTORY
On
preferred and
new
$9,000,000
6%
sold
1990.
p.
series
7%
Unallotted
included
the
effect
notes
Pfd. stock,
Corp.
The
Asbestos
company,
producers
of
AMCO
brand
products,
is
of the pioneers in the brake lining field and has specialized in
original equipment for many of the better known makes of automo¬
biles. According to Messrs. Shepard and DeLind, this move ties In with
the general
expansion of AMCO's product, market development and
advertising program,
as
well
as
with
Borg-Warner International's
plan to supply Borg-Warner Overseas Distributors with a complete
range of nationally known and advertised automotive products.
Some
to
of
Authorized
the Borg-
Jr., President of
is
CAPITALIZATION, GIVING EFFECT
company
one
of
offered
now
of the shares
45,761 outstanding shares of the old preferred.
mtge. bonds,
1974, 3 Vb%
handling by Borgthe export activities of
the Asbestos Manu¬
to a joint announcement by S. E. Shepard,
according
Vice-President
stock
common
of issue
152,902
stock.
Balance
of
PURPOSE—The purpose
$1,612,651
928,60®
452,031
preferred
on
—V. 166, p.
group
the
First
Export Agreement Reached—
been
$1,586,862
25,789
20,394
income
$667,171
an
share
per
Borg-Warner
have
$4,197,88a
2,611,02®
deductions
Dividends
Calif.
Arrangements
$4,729,472
3,630,662
taxes
$1,119,203
Total
stock, 4.70%
share of old
in cash, on account of each
amount equal to the sum of (a) the excess
redemption price of the old preferred over the
initial public offering price of the new preferred, and
(b)
exchanged,
$100
share
per
old
Company
preferred
of
LIABILITIES—Accounts
employees,
9*^®^—Company Is offering to the holders of the
outstanding shares of 6% preferred stock, series of 1927 (par
the right to exchange 42,000 of such shares on the basis of
45,761
$13,667), $856,048; accounts receivable (U. S. Government agencies),
$48,113; miscellaneous receivables, $17,385; miscellaneous current assets,
$17,198; inventories (valued in each instance at the lower of cost or
market), $2,338,083; land, buildings, machinery and equipment at cost
(less reserves for depreciation and amortization of $907,860), $1,890,194; unpaid balance of mortgage note receivable, clue April 1, 1952
(secured by Lake Lawn Hotel properties), $130,000; unexpired insur¬
ance and deposits, $44,887; unamortized tools, dies, and other facilities,
$2,633; inventory of tool room material, $22,036; deferred experimental,
development, and tooling costs, $62,303; sundry other assets and de¬
ferred charges, $39,847; goodwill and unamortized patents and trade¬
marks, $23,127; total, $6,253,897.
$227,477;
Offered—Mer¬
Lynch, Pierce, Fenner & Beane and associates on
Nov. 17 offered 42,000 shares of cumulative
preferred
stock, 4.70% series (par $100) at par and div. and 42,000
shares of common stock (par
$20) at $22.50 per share.
housing.
ASSETS—Cash in banks
Oregon Power Co.—Stocks
Operation expenses and
rill
productive capacity,
additional
for
1946
1947
$1,098,809
California
and for employees'
SEPT. 30
INCOME ACCOUNT FOR 12 MONTHS ENDED
county
greeting cards, playing cards, and many other novelties.
is doing business with 280,000 customers and has 5.600
employees.—V. 164, p. 2283.
1947
Monday, November 24,
CHRONICLE
leather goods,
The company
(Continued from page 2)
tories
FINANCIAL
the largest corporation to the corner
grocery in practically every
in the United States. -It also manufactures a varied Ifha of
from
General Corporation and
Investment News
&
—V.
166,
—
stock
preferred
on
avail, for common
p.
shares
368.
trustee
the
special
redemption
prices.
net proceeds from the sale
partial repayment of bank
loans in the amoimt of $900,000 obtained to defray in part the costs
of
the company's 1947 construction work.
The net proceeds to be
received
by the company from the sale of the $1,500,000 series C
bonds will be used for the purposes of repaying the balance of the
bark
loans, of refunding deposits advanced by subdividers or con¬
sumers
to finance line extensions,
and of partially restoring
the
working capital used for additions, extensions and improvements in
the ordinary course oi business.
For further details see V. 166, p. 1990.
PURPOSE—Company intends to use the
of the 15,652 shares of common stock in
Central States Edison Inc.
Period End. Sept. 30—
for
Prov.
Net
oper.
Non-oper.
Gross
Interest
Net
—V.
deprec
taxes
-
__
—
income
income
income
_
deductions
income-
166, p. 756.
_
1947—12 Mos.—1946
$312,839
208,148
$265,260
10,636
10,580
4,161
16,647
16,647
4,405
3,798
16,890
14,570
$18,495
Operation
Maintenance
General
(& Sabs.) —Earnings—
1947—3 Mos.—1946
$17,051
$60,546
$51,108
—
—
$81,966
$71,018
52,148
revs.—Electric—
Oper.
43,301
2,705
2,756
4,161
172,353
2,149
1,492
7,008
4,102
$20,644
$18,544
$67,555
$55,211
191
165
684
587
$18,378
$66,871
$54,623
$20,452.
Volume
166
Number 4649
THE
Century Ribbon Mills, Inc. (& Subs.)—Earnings—
1947
Federal
Net
$497,068
190,000
$315,615
$248,123
123,000
90,000
$307,068'
$192,615
$158,123
19,569
dividends
Common
dividends
90,000
and
75,000
CHRONICLE "
taxes, $96,137;
total, $25,-
May 1, 1949), $1,750,000;
inventory reserve, $500,000; 5% cumulative preferred stock
(par $100),
$1,902,700; common stock (par $20), $9,993,520; earned
surplus, $5,491,187; treasury stock, Dr$295,825; total, $25,415,057.—V.
165, p. 3049.
45,000
' '
Com.
surplus
shs,
Earns,
$135,273
$232,068
$147,615
$138,654
198,825
198,700
100,000
100,000
$1.13
$1.54
$1.92
$1.38
outstdg
per
sh.
com.
CONSOLIDATED
ASSETS—Cash
BALANCE
banks
in
Columbia Gas & Electric Corp. (&
and
SHEET, SEPT.
hand, $705,341;
on
30,
period End. Sept. 30—
Gross
Prov.
Misc.
contingencies, $25,000; common stock (200,000 no
$2,000,000;
surplus,
$1,375,151;
total,
$6,566,429.—V.
shares),
applic.
Columbia
to
Int.
166,
Fed.
Miscel.
be
offered
13
Nov.
on
4,000
at
filed
shares
$100
par)
share.
a
registration
a
($100
statement
stock.
common
Proceeds
will
be
rolling mill, equipment and for working capital.
The
used
There
with
to
were
net
stock
Gross
Chamberlain Co. of
for
21,872
8,301
65,549
18,410
$751,934
The stockholders
from
Nov.
on
195,000
14
shares,
voted to increase the
$5
par
each,
to
shares,
It was also
into
surplus
shares
of
account
excess
capital
$2.50
par
to
capital
stock
account.—V.
income
Gas
Associated
with
Halsey, Stuart &
Co.;
A.
Wisconsin
G.
Becker
&
Co.
Inc.
Co.
of
in
Inc.;
First
the
and
P.
S.
The
Yantis &
certificates
Co.,
will
the
cost, estimated
equipment consisting
The
issue
Hutzler,
V.
99.14
166,
of
Ripley
for
2s;
to
R.
are
period
W.
Freeman
for
Michigan
provide
$5,540,430,
1,300
awarded
was
Harriman
were:
at
.
issued
on
&
and
of
70-ton
a
for
new
of
exceeding
80%
standard-gauge
all-steel
bid
not
hopper
99.5192.
Co., Inc., 99.31 for 2s;
Harris, Hall & Co., Inc.,
1947,
record
of
has
declared
certificates
Nov.
29.
St., Chicago 2,
of
The
a
dividend
beneficial
of
interest,
$1.75
163, p.
bids
Bros.
for
Dec.
19
W.
to
terest.
and
was
announced
who
disclosed
with
Linea
—V.
166,
service
&
Nov.
on
that
Aeropestal
in
Venezoiana,
Street
31—
Bal.
of
agreement
national
airline.
parent
$549,475
in
11,577,158
11,801,172
108,692,267
the
of
On
Nov.
19,
the
directors
a
quarterly
dividend
of
cents
per share and
a
special year-end dividend of $1
per
share on the
common
stock,
both
payable Dec. 19 to holders of record Nov.
28.
This will be the first distribution on the
common stock since
June, 1932.
W.
Alton
Jones, President, also announced that the
consolidated
net income of
the company and its subsidiaries for
the ten months
ended Oct. 31, 1947 was
$30,804,000,
Net
for
subject
to
the
year-end
industry
for
for
capital
its
products
outlay
and
company
its
to
have
meet
created
these
subsidiaries
for
an
needs.
the
unprecedented
The
capital
calendar
$80,000,000."—V. 166, p. 1680.
demand
budget
1947
year
of
will
the
9 Mos. End. Sept. 30—
Gross
1947
profit
income
Total
income
Admin.
&
selling exps._
Discounts
Nov.
$9,815,976
3,814,623
$2,602,539
1,914,433
296,047
560,847
war
34,485
Federal taxes
for
Net
inventory
Nov.
Common
dividends
$2,569,628
67,222
—
dividends
com.
Earns,
Net
per
stk.
com.
ings of $1.92,
248,337
450,214
par)
share_
which
241,751
450.489
of
$1,779,744
67,223
67,223
Dr$553,970
$543,968
$1,177,886
237,616
237,616
served
of
the
$4.54
share
first
for
the
in
net
$.60
requires
1947
the
retirement
to
of
$3,700,000
speaking,
charges
any realistic view
will have available
income
for
the
earn¬
CONSOLIDATED
ASSETS—Cash
able— net,
Buchanan
etc.
(after
in
banks
$4,523,784;
Land
Co.
reserve
BALANCE
six
months
purpose
an
of
amount
166,
this
been
and
inventories,
(100%
for
SHEET,
SEPT.
30,
an
directors
preferred
the
A
p.
Nov.
on
stock,
2
initial
each
The
on
to
case.
is
to
their
less
matur¬
than
30
nor
optional redemption
price is 101.05, plus
special redemption
of
of
inter¬
not
initial
1
com¬
100.4199.
Co.,
Other
bids
The
First
100.2699;
a
the
and
CAPITALIZATION,
GIVING EFFECT TO
consol.
mtge.
bonds,
to
with
on
1476.
5%;
and
payment
for
associated
the
the
week
ended
week
past
companies,
a
Nov.
15
year
ago.
weeks
four
and
1946
% Incr.
209,799,000
series
A,
series
2%%
was
show
209,641,000
March
Cum.
preferred
Common
stock
stock
(no
1,
1982—
debt
of
amount
principal
with
the
On
has
27,
90
Nov.
7.6
7.0
omitted
trustees
The
days
made
for
1947,
the
amounted
corresponding
York
also
for
payment
guaranteed
following
Steam
and
Corp.
bonds
1st
Other
State
Federal
and
to
is
of
order
an
Other
oper.
revenue
income
Gross
Total
taxes—
(net)
income
income
deducts.—
Net
—V.
income
in
each
of
stock
the
four
of $20
of
share
per
the
to
on
Securities
be
made
on
York
&
in
share—V.
1947,
166,
$4,603,469
2,918,682
146,221
1947—12 Mos.—1946
$6,156,415
4,511,935
$6,116 074
262,957
205,681
4,078,300
250,000
267,694
474,596
339,865
69,959
73,480
279,117
282,991
92,453
375,898
$355,116
251,568
$707,497
252,170
$573,306
335,625
411,283
$606,684
$959,668
43,908
$908,931
267,115
$1,182,378
39,860
$915,759
$641,816
344,705
90,683
375,607
$771,095
259,305
$923,073
Consolidated Vultee Aircraft
Corp.—Borrows Funds—
In
October,
the
corporation
borrowed
an
additional
thereby increasing notes
outstanding under its
$14,000,000
V.
on
166, p. 1992.
Oct. 31.
3V2%
of
principal
subsidiary
of
series,
5%
50-vear
series,
due
$27 9g9 qoo
bond's",
gold
'
bonds, 4%,
Light and
Power
Co.
'
q
1967,
25,000,000
mtge"
1
-
debs"
2%%
qqq
July
due
Lighting Co. generaf
due July 1, 2004
1976
Electric
and
com¬
due
_
Westchester
coupon
1,
several
amounts
Halsey, Stuart &
Allison-Williams
The
C.
Co
9,993,000
due
of
100,000
100,000
100,000
100,000
Co.,
100,000
Bradford & Co
Bramhall & Stein
&
Burr & Co.,
$4,000,000,
credit
agreement
to
The money will be
used for working capital.—
Wheeler
300,000
100,000
&
Alle-
E.
W.
Inc.
100,000
Moran
&
R.
&
C.
Co
Co._
Co.__
Co
Inc
Byllesby
&
Co.—
Brothers
National
Omaha
Co.
loo.ono
Newbu.rger, Loeb & Co._
New York Hanseatic
Corp.
100,000
Alfred O'Gara & Co
Otis
Pacific Co.
Union Trust
Co..
Day & Co
Dempsey & Co
Detmer & Co
Dick & Merle-Smith
Co._
&
California
Pacific Northwest Co
Co
Paul & Co., Inc
Perrin, West & Winslow,
100,000
100,000
700,000
W.
100,000
Pizzini & Co., Inc.
Pollock & Co.,
Raffensperger, Hughes
Co.,
Inc
Reinholdt & Gardner.—
Co.
l
—
Co., Inc.
300,000
L. F. Rothschild
& Co.—
100,000
100,000
Schmidt, Poole
J.
Edwards, Inc
Elk.ins, Morris & Co
Equitable Securities Corp.
&
Fahey,
Co
Clark
&
100,000
125,000
100,000
100,000
Co
Fauset, Steele &
Co
Foster & Marshall
M.
M. Freeman
&
850,000
Company-
100,000
500,000
Inc.
&
Co
Hirsch
&
Johnson,
Lane,
Co., Inc.
Sv.tro
proposed
plan of
preferred
100,000
200,000
Tyson
100,000
&
Co
Wertheim & Co
Wheelock &
100,000
100,000
850,000
Cummins,
Inc.
100,000
Harold E. Wood & Co.—
F. S.
125,000
150,000
of
125,000
125,000
100,000
Co
Webster & Gibson
issuance
150,000
150,000
100,000
Townsend, Dabney &
&
Co._
FINANCING—The
Co
&
Walter
100,000
-
Johnston, Lemon &
&
Thomas
150,000
300,000
—
Space
Walter Stokes & Co
J. S. Strauss & Co
500,000
and
Share Corp.
H. Johnson & Co.
Edw. Lowber Stokes &
Co.
850,000
Co
Co.,
Co
500,000
100,000
Indianapolis Bond
&
100,000
150,000
150,000
Stubbs, Smith &
Lombardo, Inc.
100,000
Harrison
Hayden, Stone & Co
Heller, Bruce & Co
Nicolaus
100,000
100,000
& Scribner
Inc.
&
150,000
850,000
100,000
Bros. & Boyce
Stifel,
Stix
Graham, Parsons & Co._
Green, Ellis & Anderson
Gregory & Son, Inc
Harley, Haydon & Co.,
Inc.
Scott & Stringfellow
Robert Showers
Stein
100,000
Glore, Forgan & Co
& Co
Scott, Horner & Mason,
Singer, Deane
Co.,
Inc.
Graefe and
100,000
100,000
850,000
100,000
100,000
Robinson-Humphrey
Douglas & Co., Inc.
Charles H. Drew & Co.—
100,000
300,000
100,000
Rand & Co
The
125,000
Chris-
E.
Inc.
&
100,000
100,000
&
tensen, Inc
Wm.
100,000
&
Inc
Feters, Writer
B.
100,000
125,000
100,000
300,000
150,000
Copeland
Inc.
300,000
850,000
100,000
100,000
100,000
& Co.
100,000
150,000
125,000
100,000
100,000
of
Fark-Shaughnessy
125,000
100,000
& Co
Roger S. Palmer
100,000
Co.,
Patterson,
Kendall,
100,000
M. Dain & Co
&
100,000
150,000
Cunningham & Co.,
Inc.
150,000
of
Homer O Connell
Inc.
100,000
Henry Dahlberg & Co.—
150,000
Co._
O'Erian-Mitchell
300,000
100,000
100,000
&
Nashville Securities
The
100,000
100,000
Co.
100,000
100,000
Miller &
Co.
Mullaney, Ross
100,000
&
&
W. Clark & Co
and
Leedy,
100,000
Co
Co
Kormendi
100,000
Clayton Securities Corp._
Cohu & Torrey
Cooley & Co
Este
John
Inc
&
500,000
Broome
Brush, Slocumb
John
Co.,
McJur.kin, Patton & Co.
Milhous, Martin & Co.—
Co
C.
L.
&
Kidder
man,
100,000
K.
M.
the
150,000
100,000
Mason.
400,000
S.
A
and
follows:
100,000
Stearns &
M.
as
Kaiman
&
Inc.
H.
are
Voorhis & Co
Ketcham & Nongard
700,000
100,000
Bacon, Whipple &
Co.200,000
George K. Baum & Co.,
Stockton
underwriters
100,000
Co
Redpath
J.
several
respectively,
Kalb,
300,000
and
Boar.
the
thein,
100,000
Brothers
Auchincloss, Parker
Eache &
by
$7,250,000
100,000
S. Ashmun Co
Atwill
names
purchased
Co. Inc.
Securities Corp.
Amott, Baker & Co., Inc.
Geo. G.
Applegatc
R. S. Dickson &
quarters
per
Co.—Earnings—
1947—3 Mos.—1946
$566,823
166, p. 852.
payment
debentures
bonds,
mtge.
1967
July
Dallas
$3
proposed
con¬
taxes.—
local
the
and
mtge.
jntge. bonds, 312%
gold
Yonkers
—
Provision for taxes:
Fed. .inc. and exc. prof.
thereof.
w
General
to
week
12, 1947.
the preferred
193,006
maint.
tingencies
"
funded
'
has
1963,
due
July
1,
1963
Westchester Lighting Co. 1st
due Dec.
1,
1950
R.
payment
depreciation—
for
and
the
the
F. Cassell & Co., Inc._
Central National Corp.—
City Securities Corp
energy of subsidiaries
business conditions of
13,
dividend
a
however,
maint-
exps.
None
tabulation
maturing in 1948 and 1949 (of which
$3,894,000
outstanding on Aug. 31, J347), for which
to
maturity has been deposited in trust
C.
Preferred Stock—
$4,546,042
3,381,148
Oper.
this
'
11,476,527 8hs.
company borrowed from banks
$12,000,000
thereafter, with interest at the rate of
l'Ar/o per
The company
interest on the
panies:
R.
revenue
from
'
interest
1947
annum,
Byrd
13.65%.
Connecticut Railway &
Lighting1
Period End. Sept. 30—
30,000,000
2,188,885 shs.
2,200,000 shs.
12,611,110 shs.
remained
and
respective
Oct.
payable
New
been
60,000,000
2,188,890 shs.
(par $100)
the company
principal
the
1,455,000
100,000,000
100,000,000
par)
(Inc.)
8.4
199,746,000
general
ended
1991.
Operating
5,176,000
100,000,000
100,000,000
60,000,000
30,000,000
B,
due
due April 1, 1977
2%% series C, due June
1, 1972
3% series D, due Nov.
1, 1972
$5 cum. pfd. stock
(no par)
10.0
204,211,000
electric
283,697,510
record Dec.
left arrearages on
due
refunding mortgage bonds:
2%%
William Blair & Co
Boettcher and Co
Corp.—Weekly Output—
of
declared
subject,
$1,437,000
1st
& Pwr. Co.
pur¬
chase money 6%
99-ycars gold bonds,
due Oct.
1,
1997
J.
18
Outstanding
$15,000,000
gold
July 1, '95
Kings County Elcc. Lt.
1st
PRESENT FINANCING
Authorized
Edison Elec. Ilium. Co. of New
York
Eurnham
output
week
Commission.
to holders of
similar
which
its
of
Southern
hour
compared
Exchange
1947
hand, $5,161,809; accounts receiv¬
$9,633,979;
investment .(net)
in
owned), $3,301; land buildings, machinery,
depreciation and special amortization of $10,on
May
the
public utility operating
company engaged
manufacture, transmission and distribution to
consumers of
electricity.
It is
also
a
holding company which through
ownership of all of the
outstanding voting stock controls Westchester
Lighting Co., a gas and electric
corporation, and The Yonkers Electric
Light and Power Co., an electric
corporation, and through
of 99%
ownership
of the
voting stock controls New York Steam
Co., a district
steam
corporation, all of which are
public utility operating com¬
panies.
It also controls
through ownership of all of the
a
voting stock
non-utility company, Consolidated
Telegraph & Electrical Subway Co..
PURPOSE—The proceeds will be
applied toward the cost of redeem¬
ing at 102, $30,000,000
20-year 3Vs %
debentures, series due 1958,
due Jan. 1, 1958.
equal
p.
1946:
adjusted
for
like
has
in
COMPANY—Company
gas
R.
<
the
notice.
The issue was awarded Nov.
18 on a bid
for a 3% coupon were:
Morgan Stanley &
Boston Corp., 100.136.
E.
&
Votes $3 Dividend
$7.21
in per-share
and
corresponding
increase of 38,738,885, or
period
of $500,000 established during the first
The inventory reserve
quarter and reported at the end
eliminated from these figures.
of 1946.
per
debentures
corporation
totals
as
1946,
Net
Nil
$1.25
.16
$7,303,247
1947
corporation
237,616
resulted
the
output
with
kilowatt
534,636
with
2,000,000
$.85
annum
from
in
Prov.
534,636
compare
the
322,436,395
Defd.
$1,145,827
of 1947
.16
$.76
1887.
weekly
this
106,308
67,223
$5.26
$9,303,247
Co.—Weekly Output—
over
kwh.
comparisons
p.
territory
421,126
8,261,000
534,636
third quarter
$1.01
payments
per
utilities,
increase
Commonwealth
The
88,644
$47,889
interest
.41
Accordingly, for the
25
340,834
3,925,000
$1,908,366
475,232
(no
income for the
243,746
594,040
__—
Surplus
Shs.
29,000
which
stock.
deducted
1
Oct.
500,000
res.
profit
Preferred
309,910
$1.17
4,958,424
230,680,000
225,632,000
221,373,000
213,693,000
'—V. 166,
$7,852,892 $12,587,907
1,654,036
1,327,488
"If,260
457,393
1,879,000
paid
Depreciation
Prov.'
190,016
facil.
Interest
earnings
8
1944
$7,662,876 $12,344,161
120,520
allowed
Spec, amort, of
1945
129,164
Per Sh.
$14,261,671
.35
corporation's
annual
$2,000,000
common
the
are
Jan.
Corp.)
$2,482,019
of
on
and
1946
$9,686,812
the
regular
from
15
the
Tool
securing
make
Week Ended—
exceed
Co.—Earnings—
(Including Clark-Celfor
Misc.
to
10%
a
percentage
The
Clark Equipment
accrued
and
American
output of this company
sales to other electric
Following
adjustments.
company alone for the same period was
$9,792,000.
"The financial position of the
company is the most favorable in
its history," Mr. Jones said.
"Unprecedented demands on the petroleum
days' published
104.05
Almstedt
Electric.ty
$30,-
50
part,
60
Biridle, Whelen & Co
Nov.
declared
Total
$1.36
of
Commonwealth Edison
showed
Net
than
New
inc.
retire,
ranging
balance
excluding
804,000 for 10 Months—
on
of
fully
price is
1946
$10,334,494
indenture
SHARES
Per Sh.
Although such payments are not,
strictly
against income, they must be taken into
account in
110,199,038
Cities Service Co.—Resumes Common
Dividend—Also
Declares Special of $1 per Share—Consolidated
payable
agency
City.
Denomination $1,000,
registerable as
registered without coupons in
denominations
multiples thereof.
Coupon and registered bonds
and
9,000,000
1970.
$633,064
1680.
p.
due Nov. 1, 1972.
interest
head office of the
trustee or
York
UNDERWRITERS
debentures
"The
American
1947—10 Mos—1946
$60,338
New
and
more
co.
net
co.
include
12,223,256
retirement
for
respectively.
requirement for debt retirement.—V.
$96,849
1947;
the
changeableRedeemable at option of
company at any time prior
ity, as a whole or from time to time in
1,
2,000,000
prov.
debentures
TO
$12,334,494
for
summary there has been
to the initial annual
1947—Month—1946
passengers—
166,
Venezuelan
parent
holders
Ry.—Earnings—
income
Revenue
the
interline
$1,000
issue has been
oversubscribed.
1,
at
1
principal,
STOCK
$16,628,570
4,294,076
subsids._
income
require,
after
an
ACCRUING
debentures
Washington
so
1947-i
income
by
represent,
*Amt.
776.
signed
Nov.
Nov.
20,210
subsidiaries.
INCOME
Sept. 30—
net
for dividends
Period End. Oct
—V.
had
company
The aggregate amount
its
or
NET
retained
net
1991.
P.
Cincinnati
Net
this
OF
Consolidated
Portion
the
linking mid-America with Caracas, Venezuela,
15 by T. M. Miller, General
Traffic Manager,
2,909,287
$16,628,570 $14,261,671
consolidated income statements do
not
Power Co.
corporation
air
income
Total
ment—
new
The
Dated
and
NOTE—There
OF COMMON
Chicago & Southern Air Lines, Inc.—Interline
Agree¬
Fast,
586,705
provided for this
$549,709 less for the subsidiary companies and
$47,737 less
corporation than the amounts which would
have been required
individual returns. For the three months
ended Sept. 30,
the corresponding figures were
$40,743 and
•SUMMARY
2'/8S.—
on
1,051,343
88,541
received
share
per
69
charges
(Cr)
railroad
Salomon
Chicago Title & Trust Co.,
111., is registrar.—V.
net
12 Months End.
99.288
payable
896,647
t693,406
2,896,081
$19,410,
Fuel
of
•
Trust
income
NOTE—The
Chicago Produce District Trust—$1.75 Dividend—
The
Corp.:
other
fixed
was
Bal.
common
other
basis of
a
cars.
Other
$21,026,163 $18,788,796
the
on
1991.
p.
and
$21,552,537 $19,229,971
526,374
441,175
corporation
Electric
&
5,185,528
*The
Inc.
be
1,128,078
accordingly.
offering
8,200,278
7,579,478
income figures for 1946 have been
restated, where necessary, to
exclude operations of
companies disposed of during the
periods covered
by the income statements.
tCorporation and its subsidiaries
expect to
file their Federal income tax
returns for 1947 on a
consolidated basis
and provisions for such taxes
for the first nine months of 1947 have
been computed
& Co.; The Mil¬
Corp.; Mullaney,
Ross & Co.; Wm. E. Pollock &
Co., Inc.; Julien Collins & Co.; The
First Cleveland Corp.;
Martin, Burns & Corbett, Inc.; Mason, Moran &
Co.; McMaster Hutchinson & Co.; Alfred O'Gara &
Co.; Thomas & Co.;
Co.;
7,767,264
deductions—
to
and
Consolidated
according to maturity.
The
Co.;
depletion
expenses
Miscellaneous
annually Dec. 1, 1948 to 1957, inclusive.
The certificates,
issued under the Philadelphia
Plan, were immediately
reoffered, subject to ICC authorization, at prices to
yield
waukee
and
5,846,898
Federal
Interest
Nov. 19 of $4,400,000 2% serial
equipment trust certifi¬
cates (6th equipment trust of
1947), maturing $440,000
Pressprich &
*1946
Nov.
on
offered $30,000,000 first
and
refunding mortgage
bonds, 3% series D, due Nov. 1,
1972, at 101.05 and in¬
$107,437,037 $93,118,069
65,262,518
51,794,736
t7,007,820
applicable
Columbia
Taxes:
Chesapeake & Ohio Ry.—Equipment Trusts Offered—
Halsey, Stuart & Co. Inc. and associates won the award
to 2.20%,
1947
income
taxes
Administrative
from 1.20%
INCOME STATEMENTS
income
Balance
166,
1576.
431,990
$1,650,267 $13,147,939 $11,198,114
taxes
Gross
each share of the 130,000 shares of $5
par
$2.50 par stock, and
to transfer from
$325,000
j
profits tax
Miscellaneous
voted to split
three
income
Other
authorized
500,000
other
depreciation
Federal
America—Split-Up Voted—
each.
p.
2,180,970
Operation and maintenance
under¬
Provision
capital
2,171,419
and
revenue
Federal
stock
724,688
1496,131
818,305
82,660
726,632
(Cr)___
9
Subsidiary Companies:
purchase
no
251,314
722,181
12 Months Ended Sept. 30—
the
writers.
stock
243,273
t200,023
chgs.
fxd.
income
Consol.
El.:
&
exps.
other—
&
CONSOLIDATED
company
covering
will
$2,702,572 $16,474,628 $14,610,969
income—
other
&
corp.-
Gas
Taxes:
SEC—
The
$2,829,805 $16,923,593 $14,993,970
127,233
448,965
383,001
$1,895,539
deducts—
Administrative
Century Steel Corp., Hollydale, Calif.—Registers with
SEC
$2,021,228
125,689
& Co. Inc. and associates
19
in
Bal.
par
463.
p.
income
income
to
for
reserve
inc.
maint.__
■
payable
(banks),
$750,000;
trade
creditors,
factoring depts., manufacturers-jobbers, $1,966,181;
accrued wages, taxes, commission
(est.), $59,727; Federal income tax,
1946, $60,740; provision for Federal income tax, 1947
(est.), $130,000;
due
other
and
for
Gross
LIABILITIES—Notes
$199,630;
&
rev.
Operation
receivable,
$2,627,536; mortgage receivable due 1947, $21,000; cash surrender value
life insurance, $117,883; inventories,
$1,691,222; treasury stock (1,175
share), at cost, $14,545. land, building, machinery and
equipment (less
reserve
for depreciation), $1,326,319; investment
in mill superintend¬
ents' houses, $12,976; deferred
charges applicable to future operations,
$49,607; total. $6,566,429.
.
1947—9 Mos.—*1946
$19,677,134 $18,229,149 $82,377,132 $70,010,576
14,331,360
11,658,425
49,486,812
38,737,455
depr. & depl.
1,605,899
1,632,516
6,068,556
5,983,578
Fed. income taxes
f422,508
903,157
t5,477,854
6,290,039
Other
taxes
1,296,139
1,205,246
4,420,317
4,005,534
1947
accounts
Subs.)—Earnings-
1947—3 Mos.—*1946
Subsidiary companies:
(2101)
fered—Halsey, Stuart
pany
Balance
'
Consolidated EdisOn Co. of New
York, Inc.—Bonds Of¬
.
LIABILITIES—Accounts payable and
payroll, $3,207,174; Taxes, etc.
—accrued. $312,301;' reserve for Federal taxes on
income, $2,155,374;
deferred income, $398,626; notes
payable to banks (maturing in 10
equal semi-annual installments beginning
1944
$225,273
profit
FINANCIAL
415,057.
1945
*
130,000
taxes
Preferred
1946
$355,273
&
946,141), $5,996,047; prepaid insurance
(Including Century Factors, Inc.)
9 Mos. End. Sept. 30—
after charges
Profit
COMMERCIAL
Yantis & Co., Inc._
Yarnall & Co
the
bonds
is
the
100,000
100,000
100,000
150,000
fourth
step in a
refunding the company's
outstanding long-term debt
Application hgs been made
by the company
stock.
10
the
to
THE COMMERCIAL & FINANCIAL CHRONICLE
(2102)
York
New
S..
P.
Commission
the
for
of
issued
by
amount.
principal
$319,541,000
aggregating
together
bonds,
Commission, the company, on
of first and refunding mortgage
bonds, 2%%
series A, due March 1, 1932; on May 6, 1947. issued
$10j,000,000 first and
refunding mortgage bonds, 2%%
series B,
due April 1,
1977, and on June 17, 1947 issued $30,000,000 of first
and refunding mortgage bonds, 2%%
series C. due June 1, 1972 and
applied the proceeds thereof and other funds of the company to the
redemption or payment at or prior to maturity of $289,541,000 aggre¬
gate principal amount of long-term debt of the company.
The issue
of $30,000,000 of bonds of series D and the redemption of $30,000,000.
20-year 3 V2 %
debentures, series due 1958, will complete the entire
plan of long-term debt refunding.
Upon such completion, the com¬
pany will have outstanding $292,892,000 of long-term debt, consisting
of $290,000,000 of first and refunding mortgage bonds and $2,392,000
(as of Aug. 31,
1947) of non-callable bonds which mature in 1995
issued
1947
27,
the
$100,000,000
1997.
and
stock
soon
as
hearings
in progress
and sale
are
1,750,000 shares of cumulative preferred
$57,382,000 of convertible debentures.
Under
issuance
the
stocks
($100
and
par)
of
plans the proceeds from the new preferred stock are to be
toward the redemption of the old preferred stock and the
proceeds from the sale
of the convertible debentures are to be
applied, to the extent of $24,995,259, toward the redemption of the
old preferred
stock and the balance to the reimbursement of the
company's treasury for expenditures since Jan. 1, 1947, for additions
to its utility plant and the retirement of its long-term
debt.
The
balance of the funds required for the redemption of the old preferred
stock will be taken from the company's treasury.
The old preferred
stock is redeemable at the option of the company on any dividend
present
applied
than 30 days' prior notice, at $105 a share, or an
aggregate of $229,832,925 for the 2,188,885 shares now outstanding.
The company is presently engaged in a construction program which,
it is estimated, will exceed $250,000,000 for the years 1947 through 1951
It
is
further estimated
that
this program will
require
financing
through the sale of securities, the type of which has not been deter¬
mined at this time, to
the extent of approximately $100,000,000 in
date,
convertible
the
to
addition
within
done
be
the next
debentures.
A
part
of
financing
this
may
voted to reject
all tenders of $3 prior preference shares received in response to the'ir
letter Nov.
1, because the tenders were few in number and varied
widely in price.
The directors then voted to call
10,000 shares at the redemption
price of $55 per share plus accrued dividends, to be selected by lot
from holders of record
Nov.
28, 1947, for redemption Jan. 9, 1948.
—V.
166,
Capacity Increased—
Generating
Nov. 17 officially placed in service a new steamturbine-generator which will add 50,000 kilowatts to System
company
on
capacity.
unit, which was built at a total cost of approximately
$8,700,000, is a part of the company's five-year $250,000,000 postwar
program to provide electricity, gas and steam for the growing metro¬
politan area which it serves.
With the addition, System electric
generating capacity .is 2,535,000 kilowatts.
Manufactured
by the General Electric Co., the turbine-generator
is to be driven with steam from a boiler constructed by Combustion
new
Engineering Co., Inc.
The boiler, which is the twin of a unit already
installed at this generating station, has a capacity of 1,000,000 pounds
of steam an hour.—V. 166, p. 1992.
9 Mos. End.
Gross
oper.
oper.
admin.
Prov. for
Soc.
depr. & amort.
&
unempl. tax.
post-war adjts.
sec.
Prov.
for
OP INCOME
$4,264,563
$6,417,156
$9,825,658
1,767,345
660,257
1,682,607
790,177
1,648,842
901,256
223,707
567.626
298,218
437,742
711,682
750,000
$1,613,260
$2,939,004
$5,515,660
,
82,538
Fed.
68,559
$2,992,948
45,581
inc.
24,352
18,142
oper.
ing
31,999,875
5,678,128
1,906,367
'2,012,348
9,219,129
6,156,488
$1,899,221
$2,089,843
Taxes
Net
No.
677,000
1,971,694
4,258,069
—V.
capital
$2,401,181
$971,313
$1,003 111
$1,261,762
659.998
659.998
659.993
659.993
$3,64
$1.47
$1,52
$1.91
share
1477.
per
166,
period
shares__
for
earns
of
Earnings
.
50 cents
The
income
$9,031,656 $11,238,154
p.
share paid
per
directors
Dec.
Coast
3 0
stockholders
to
of
P.
President,
Day,
Vice-President
charge
in
the
of
that
announced
17
|Nov.
on
construction
Clarke
division
F.
the
of
parent company,
and
President of its
subsidiary,
Joseph
P. Day
Building & Engineering Co.,
Inc.,
has been appointed engineering
consultant
in charge, of construction for
the Egyptian Fertilizer &
Chemical
Industries,
Ltd.,
of
Cairo, Egypt.
He
will continue
his
with
activities
The
the
domestic
real
estate
construction
and
firm.
Total
income
Net
158,516
$2,248,360
497,185
$9,594,069 $11,8'89,145
1,877,107
4,747,057
$1,498,999
$1,751,174
$7,716,962
$7,142,088
$1.01
income
Earns.
—V.
deducts...
per
$1.23
$5.51
$5.02
sh...
com.
to
is headed by
Pasha, a leading financier and' industrialist
managing director.
Directors of the syndicate
include His Excellency H. Sirrey Pasha, wartime Prime Minister.
The
Government
Excellency
the
Middle
syndicate's
first
calcium
a
Aboud
A.
East,
as
stock
common
distribution
after
of
of
the
undertaken,
recently
project,
nitrate
factory
Suez,
at
construction
the
is
furnish
to
fertilizer
the
to
of
Joseph
by
P.
Inc.
Day,
On
record
East
the
Subs.)—Earnings
(&
9 Months Ended Sept. 30—
to
Total
Cost
foreign
of
Selling,
sales
sions
Other
10,074,464
and
for
Provision
6,726,989
854,831
748,873
$1,488,643
3,372
expenses
it
is
of
Dec.
is
the
$1,468,708
for Federal
$91,805
171,580
149,539
;
taxes
income
on
520,000
$777,126
Coast
Public
residual
any
Service
of
all
cash
liabilities."—V.
payment
be
into
put
effect
assets
at
Sept.
30,
1947
amounted
$5,036,000, of which $890,000 represented cash.—V.
to
166,
thereon
the
the
5Mi %
1947
first
(subject
will
Holders
&
$
conditions,
bonds,
Gross
operating
income
59,113,954
therein
as
certain
plus
of New
for
—V.
basis
The
directors
the
on
interest
the
the
Deplet.,
deprec.
rendered
&
166,
the
Net
operating
Dividends, etc.,
on
sale
83,182,697
2,914,843
2,897,624
8,543,573
8,663,941
5,543,512
3,768,801
12,557,295
11,141,548
income
8,419.053
9,631,104
95,792
5,010,195
112,850
23,012,461
income
808,637
730,518
assets
225,963
1,520,857
1,243,887
share
was
which
in
$1,333,968
$5,976,544
$3,049,623
8,651
9,103
32,728
20,734
$1.40
to
Dec.
such
$10,
$1,343,071
$6,009,272
$3,070,357
35,884
42,635
107,653
127.903
5.
shares
8,740,808
6,643,902
25,064,985
20,242,554
22,084
55,798
175,872
income
8,718,724
4,747.155
Net
outstanding
earnings per share
♦Includes
Federal
provision
and
operating
state
charges
included
not
paid
in
(or accrued)
for
oil
6,588,104
24,889,113
4,682,552
4,747,155
$1.84
Shares
$1.41
$5.24
estimated
and
gasoline
state
excise
and
Federal
and
paid,
the
taxes
are
not
of
in
and
the amounts collected in respect thereto are
operating income.
The amount of such taxes
during the nine months of 1947 totaled $24,541,130.
gross
New President Elected—
Leonard
of
F.
Standard
Continental
McCollum,
Oil
Co.
formerly Coordinator of Producing Activities
Jersey), has been elected President of
(New
Oil
Co., effective Dec, 1.
He will succeed Dan Moran,
who has resigned because of ill-health.
The company, however, will
continue to h»ve the benefit of Mr. Moran's advice in a
consulting
capacity.—V. 166, p. 757..
,
to
166,
758.
p.
of 55 cents per share
quarterly dividend of
both payable Jan. 2 to
usual
the
$100,
par
Payments of 35 cents each were
July 1 and Oct. 1, last. The company
last April.
the
shares,
new
stock.
new
Jan.
011
ended
week
the
4,783
5.597
3.420
492,275
2,242,250
1,116,515
$803,378
$3,653,772
$1,817,518
$1.10
$0.93
$4.44
$2.21
Gross
operating
40,309
36,862
120,926
109.743
Other
2,
1947,
On
dividends
common
April
$2 per
share
$7 per share.—V.
this
1946 equivalent,
1947,
1,
$1.75
the
on
166,
p.
per-
stock,
old
853.
Light Corp.—Weekly Input—
Nov.
the
13,
System
input
income
share
823,748
shares
of
subsidiaries
of
Fall River Electric Light Co.—Earnings—
Months Ended
Nine
1947
1946
$3,058,132
Sept.
$2,787,44s
30—
revenue
159,994
147,507
$3,218,126
1,918,324
$2,934,953
1,623,230
stock presently outstanding.
of common
Total
earnings
gross
those
other than
costs
listed
below
1
than Federal taxes
other
Taxes,
Provisions
Interest
79,360
99,299
127,500
income
Federal
for
other
and
income
on
taxes
127,500
298,247
Depreciation
288,325231,340>
214,620
47,427
charges
registerable
principal
to
as
only.
PURPOSE—Net
will
call
4%
proceeds
are
estimated
at
$1,436,500.
Company
redemption its presently outstanding $785,000 15-year
sinking
for
$23,550).
with
The
bank
at
As
of
of
10,
of
applied
be
reduce
to
$350,000
been
and
borrowed
47,337'
the
stock
proceeds
EFFECT TO
GIVING
the
the
($10
sinking
other
facturer
totaled $750,000.
National Bank
and Trust Co.
bear interest at the
City
and
first
was
Outstanding
170,856 shs.
record
of
was
organized
established by Wallace
H.
22.
Dodge
All
March
on
of
name
each
Co.
Allyn and Co.,
are
(Inc.)—
Inc.
as
and
follows:
,
sales
ENDED SEPT. 30
103,462
$0.61
profit after all charges
Otis, Jr., President, states that operations during the Sept. 30,
1947, quarter, as in the corresponding three months- last year, -were
curtailed by the annual vacation shutdown in the first two weeks of
July.
Unfilled
$5,152,167
on
had
there
orders
June 30,
been
a
at Sept.
30,
1947,
1947, but concerning
material
improvement
were
this
in
$3,676,896,
against
comparison Mr. Otis
the volume of incom¬
ing orders in October and the company is disposed to believe that the
"over-ordering of 1946 and the resulting inventory building by our
customers
well
on
which
its way
occurred
the
close
of
business
objections.—V.
Nov.
on
166,
3,.
1786.
p.
13
declared
166,
par
an
dividend
extra
per
$100, payable Dec.
of
$2
share
per
(3%)
15 to holders
465.
p.
.in
the
to correction."—V.
first
six
months
166, p. 1992. *
of
1947
may
4.Ma '»>
outstanding
have been
Payment
Pittsburgh,
cumulative income convertible deben¬
for redemption on Dec. 31, next,,
called
will
be
made
The
at
National
Union
trustee, Pittsburgh, Pa.
convertible
are
into
vt
stock
common
until
*
Dec.
31,.
1947, at the conversion price of $22.50 per share.—V, 166, p. 948.
Ford
Motor
Detroit
Appointed—
Co.,
Motor Coaches
—
National
Distributor
of
Henry Ford II, President of this company, on Nov. 7 announced
appointment of Metropolitan Motor Coaches, Inc., Detroit, Mich.,.
exclusive national distributor
of Ford motor coaches and parts.
the
of
None
or
motor
E.
said
at
and to file
and "B" stock,
interest..
debentures
the
any
engineers
1946
$2,211,761
102,909
$0.60
Earnings per share.
J.
obligations,
stpek
the
of
new
company
owned
is
by
the Ford Motor
of its stockholders.
..
'
.
.
•
•
t
Metropolitan Motor Coaches is a new company, organized by William
B.
Livingston, who is .its President.
Since May,, he has been con¬
sultant to the Ford Motor Co. in collaboration with Ford stylists and
$2,397,799
_
the
and
Bank, of
Co.
$900,000
600,000
-
1947
Net
lease
regular quarterly dividend of $3
the
5.—V.
Dec.
of
100
at
Said
underwriter,
principal
severally underwritten,
CONSOLIDATED RESULTS FOR QUARTERS
Net
record
of
notice
Nov.
on
and
(subordinated)
tures
\as
C.
proposed
Follansbee Steel Corp.—Calls 4Vfe% Debentures—
,
Republic
directors
12% )
the classes "A"
on
$1,500,000
diversified
line
of
machinery for
the mechanical transmission of power
and
for the handling of materials.
The total number of items catalogued,
including all types .• and sizes, exceeds 5,000, of which approximately
1,200 are manufactured for warehouse stock and the balance upon
receipt of customers' orders.
Company sells the components as units
and also engineers and sells complete installations.
Central
with
Finance Co. of America, Baltimore, Md.—Extra Div.—
The
April 3, 1880.
Originally a manu¬
company developed into a manufacturer
hardware,
respective amounts
be entitled to
will
share
machinery for the mechanical transmission of power.
The principal
products of the company are a widely
the
stockholders
Preferred
3947
used
FINANCING
PRESENT
BUSINESS—Corporation
Business
wood
connection
its
1947,
been
have
10,
inventories.
$1,500,000
incorporated
of
in
agreements
subsidiaries,
Abraham
&
Straus,
Inc.,
and Foley
BrothersGoods Co.; also to consider bank borrowings by the company
with maturities exceeding 12 months up to a maximum of $4,000,00G)
during the next eight months.
of
debentuies
fund
and
was
A
meeting of the 4 V-t '<
preferred stockholders will be held ort
25 to consider giving by the company of guarantees and entering,
300,000 shs.
par)
1, ' 1962
AND
ings—
Bank
thereof
receivable
accounts
Indiana.
in
3878
Obligations of Subsidiaries and Consider Bank Borrow¬
into
bank loans all
total $400,000 mature Dec.
The
1947.
8,
increased
4%
854.
p.
Federated Department Stores, Inc.—To Vote on Lease
of
Authorized
Oct.
$537,852:
$512,707
together
company's then
premium
proceeds,
loans
bank
from
from First
$100,000
The
Of
annum.
Dec.
carrying
company's
the
had
Indiana.
per
surplus
Dry
Chicago
Bend,
2%
will
1947,
which
Co.
South
rate
cash,
of
and
Nov.
(plus
May
1,
1959
estimated
net
due
the
loans.
Nov.
Trust
debentures
remainder
available
$650,000
of
fund
166,
dividends
for
Balance
Further details follow:
$2.58
taxes.
included
of
dividend
a
and
1946 received
year
1,503
Dated.Oct. 1, 1947; due Oct. 1, 1962.
Principal and interest (Oct. 1
April 1) payable at office of City National Bank & Trust Co.
of Chicago, trustee.
Debentures in coupon form, $1,000 denominaiton,
12,061,245
4,682,552
income
Y_
entitled
under certain
the redemption prem¬
corporation amounted to 62,472,000 kwh., an increase of 10,875,000
kwh., or 21%, over the corresponding week of last year—V. 166, p. 1992.
p. 1992.
1353.
p.
A.
Net
be
1947.
on
the
on
Electric Power &
For
and
181,309
income
will
5-for-l
basis
the
share
per
556,500
(est.)
UNDERWRITERS—The
Total
Other deductions
amended
said
payment,
amount.—V.
stock,
stock
common
on
1,008,435
1,880,932
of
to
total $1.60 per share, compared with dividends in
10,987,253
(Inc.) and A. C, Allyn & Co., Inc. on Nov. 13 offered $1,-
1935
costs.
devel.
stated).
500,000 15-year 4% sinking fund debentures due Oct. 1,
in
161,469,064 112,619,290
30,254,701 117,355,735
thereof,
amount
declared
par
preferred
common
$903,339
of
HISTORY
1947—9 Mos.—1946
sur¬
leaseholds..
Intangible
Profit
42,236,546
concerned,
are
hereafter
as
pursuant
possible
the
of
011
18
stock,
6%
record
of
on
its
Oper.
of
expenses
bonds
Co.—Declares 55-Cent Common Div.
Nov,
on
common
on
1,041,512
Dodge Manufacturing Corp.—Debentures Offered—As
mentioned in our issue of Nov. 17 Central Republic Co.
Common
947.
♦Costs, taxes, oper. and
admin,
Bonds-
York, 46 Wall St., New York, N.
payment
for
stated,
Kodak
Eastman
13,662,551
profit
and
$
41,931,321
gold
postponement
Thereafter,
upon
providing
receipts
341,650
depreciation.
*'$57,734
$
1888.
$250.—V. 166, p.
over
mortgage
to
date.
Co.
Trust
these
of
receive
Figured
$1,500,226
per
Subs.)—Earnings—
1947—3 Mos.—1946
plan
income
with the company at
to accrue.
On the effective date, holders of
their bonds for payment to the Commercial
cease
present
may
Bank
National
iums,
effective
the
to
interest
3,961,923
deductions
due
Continental Oil Co. (&
Plan—
funds will be irrevocably deposited for the:
amount of the bonds, together with interest
the principal
bonds
4,303,171
debentures.
on
15-year
Period End. Sept. 30—
final
a
treasury
1354.
p.
retirement
a
the next $150, and 3 Mi %
on
of
of
$15,045,311
approximately
p.
company's
may
18,
Dec.
payment
year
income
CAPITALIZATION
current
166,
this,
receive
to
Co.
the
in
Upon such effective date,
$20,680 607
inc.-
♦Earnings
♦Loss.
Net
in
of
the
370,131
Prov.
for
income
Net
Dec. 30,
on
the consummation of
Section
11
of the
Public
step
that the effective date of tne amended joint,
corporation and Wisconsin Hydro Electric Co., in so far
the physical assets of the Eastern Minnesota Co. and
this
sale
$5,637,541
sold~_
of
company
years
wi 1
1947—9 Mos.—1946
1947—3 Mos—1946
exps
misc.
&
earn.
Net
&
depreciation
payable
1947.
1,
further
a
contemplated
the
as
$1,491,575
products
current
net
liquidating aivudend
par value
each of
$10
Air Lines, Inc.—Retirement
1
$6,164,877
& admin,
Miscel.
$88,433
Dr19,936
general
income
Provision
$7,564,295
depreciation
profit
income,
Total
of
of
Eastern Minnesota Power Corp.—To Pay
made
commis¬
and
earned
of
Sell.
281,992
$12,417,939
excl.
admin,
Gross
$7,282,303
380,473
1
sales,
$12,037,466
subsidiaries
sales
1946
1947
Sales to customers, less returns, allowances, etc.
Sales
nrst
stock
participate, Captain and co-pilots will contribute
to the cost of the plan 2 V\ %
on the first $100 of monthly earnings;
3%% on the next $150, and 5Va% over $250. Deposits from other em¬
ployees are required at the rate of 1V2 % on the first $100 of monthly
1 '/a %
Corp.—Quarterly Report—
Period End. Sept. 30—
1.
Dec.
1636.
p.
provides that all employees who have been
three
spl t
Net
made
settlement
Oct.
which
holders
Detroit Steel
share
per
lccord
Nile
The cost will exceed $25,000,000.
Mr. Davis has been engaged
for
the past year in
the planning and construction of a complete
community known as
"Sunnyfield," located at Linden, N. J.,
and
owned
is
Eastern
—V.
Co.
Fibre
of
company's plan, for compliance with
Utility Holding Company Act of 1935. The certificates representing the
shares of common stock of East Coast Electric Co. will be issued in the
name of registered holders as of the close of business on Dec.
1, 1947.
T.
M. Hauer, Vice-President,
further announced that "it will not
be necessary for stockholders to surrender certificates for shares of
Valley.
1962 at 100 and interest.
166, p. 1353.
Continental-Diamond
158,
for each share outstanding,
liquidating dividend
plan,
the Egyptian
recently formed with the approval of
develop a chemical industry for Egypt,
syndicate,
and
Co.—Liquidating Dividend
common
Maintenance
income
Gross
holders
to
1946.—V.
declared
12
shares
Electric Co.
in
Service
Nov.
on
three
earnings; 2M2%
650,991
145,020
$2,044,242
545,24.2
562,412
payable
the
(Joseph P.) Day, Inc.—Official Appointed Engineering
Consultant of Egyptian Firm—
-On
income..
its new plant at Dallas,
working capital.—V. 165, p. 206.
complete
this
37,318,909
5,491,269
*
stock,
common
East Coast Public
least
Int.
7,891,580
-1,250,814
9,333,946
1,269,742
Operating
the
$14,409,277 $13,244,586 $61,060,964 $55,072,646
revs
to
added to
be
This compares with 45 cents paid on Oct. 10 and 30 cents on July 10,
and makes a total of $1.25 in 1947, as compared wfth dividends total¬
64,388
2,198,000
Laxes_
1947—12 Mos.—1946
15,032,698
1,364,249
Dallas;
will
Duriron Co., Inc.—Declares Larger Dividend—
directors on Nov. 13 declared a div.depd of t>0 cents
$5,584,219
expense
state
&
53,944
$1,672,665
(miscell.)
Total
Interest
59,405
$4,644,761
income
Other
12,225,219
1,159,426
2,690,013
77,883
107,003
Operating expenses
Deprec. and amort
Other
1944
operations
from
Interest
3,522,712
in
Bank
remainder
liquidating dividend, but such certificates should be held until
Profit
Fed. income taxes
Total
the
This
1945
$4,562,223
exps._
Shipping expenses
Gross
revs.-
oper.
National
1947
1946
$8,318,001.
1,934,225
666,535
736.058
228,883
180,077
expenses
and
Gen.
$10,779,471 $10,476,689 $44,664,017 $41,688,000
revs
htg.
STATEMENT
1947—3 Mos.—1946
revs
a meeting on Dec. 18
will be asked to approve
bond issue, at 3Vz%, payable in 240 equal
The company contemplates borrowing the money
from the Southwestern Life Insurance Co. in Dallas, Tex.
■
The proceeds will be used to retire a $1,000,000 loan with the First
East
1947
Sept. 30—
Balance
CONSOLIDATED
Steam
Offering
Co.—Secondary
Publishing
profit
Selling
at
The
Cutler-Hammer, Inc.—Earnings—
(& Subs.)—Earnings
Period End. Sept. 30—
stockholders
monthly instalments.
consisting of
Cost
Consolidated Gas Electric Light & Power Co. of Bait.
Electric
18
Nov.
on
Made—Blyth & Co. Inc. on Nov. 18 made a secondary
offering of 7,500 common shares (no par) at $32.50 a
share, with a dealer concession of $1 a share.—V. 163,
p. 2435.
of
generating
Gas
held
1992.
p.
Crowell-Collier
His
Electric
The
special meeting
a
on
Davis,
on Nov.
19 announced that System output of elec¬
(electricity generated and purchased)
for the week ended
Nov.
16, 1947, amounted to 214,500,000 kwh.; compared with 205,900,000 kwh. for the corresponding
week of 1946, an increase of
4.2%.
Local distribution of electricity amounted to 203,400,000 kwh.,
compared with 193,800,000 kwh. for the corresponding week of last
year, an increase of 4.9%.
company
electric
at
.
Bernard
tricity
The
directors
$2,0(30,00 0 first mortgage
plan
year.
Weekly Output Increased 4.2%—
The
The
Dr. Pepper Co.-—To Borrow $2,000,000—
The
a
less
not
011
Call
10,000 Preference Shares on Jan. 9—
,
cumulative preferred
been made to and
before the P. S. Commission for its approval
presently plans to refinance its $5
as
practicable.
Application has
The company
of
of
authorizations
to
Pursuant
March
Rejected—To
Corp.—Tenders
Cooper-Bessemer
the Com¬
by
approval
$290,000,000 of first and refunding mortgage bonds to be
the company, the proceeds thereof
(together with other
fur.ds of the company) to be used to redeem its callable long-term
debt and to pay off at or prior to maturity certain of its non-callable
mission
Monday, November 24, 1947
be
in
designing
the
coaches.
Coincidental
4
■
with
•
and
engineering
of
'
'
"
complete
Ford
new
\
''Xi
'
this
announcement,
Mr.
Ford
announced
that
James W.
Irwin, who since March
1, 1947, has been Director of
Public Relations, has resigned from the Ford Motor Co.
He has formed
a
corporation which has been appointed by Metropolitan Motor Coaches,
to sell Ford motor coaches in the Cleveland-Buffalo-Pittsburgh:
Inc.,
territory.
Mr. Irwin's successor has not been announced.'
Metropolitan Motor Coaches, Inc., succeeds Transit Buses,
the
nationwide
Breech,
Ford
Peter
Executive
Vice-President
Browning,
p.
distributor
include
directors
1478.
Ford
of
Ford
motor
coaches.
The
J.
Monaghan, Detroit attorney;
Vice-President of Ford Motor Co.; J.
and
Director
Vice-President
of
and
Sales
and
Director
Advertising,
of
Inc.,
as
board
of
Ernest
B.
R.
Davis,
and A. J.
Purchases.—V. 16&,
,
Volume 166
Number 4649
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(2103)
'
(George A.) Fuller Co.—New Stock Distributed—
An
amendment
Nov.
13,
stock
each
by
of
the
The
of
that
the
this
shares.—V.
The
Js
Burr
166,
&
filed
was
of
the
of
stock
common
held
be
quoted
"ex"
record
Nov.
Curb Exchange
the
1947
14,
the
on
'
in
the
stock
common
in
the
$5
in
Nov.
14
filed
of
150,000 shares
Inc.,
New
receive
of
common
York.
is
stock.
$1)
(par
Stock
proceeds.—V.
statement
being
166, p.
sold
with
directors
the
«on
Nov.
on
common
stock,
17
declared
payable
.An initial of like amount
paid
was
tby another payment of 25 cents
to
16
of ,25
holders
four
cents
-
1947
output of this
amounted
11.3%
'
ended
week
the
Nov.
Period End. Sept. 30—
Bailway
Bailway
oper.
14,
1947—Month—1946
1947—9
$173,109
$1,916,919
193,814
190,598
1,750,518
at
Net
from ry. oper.
rev.
Bailway
tax
'5$20,582
'*$17,489
valorem
Federal
Act
and
RR.
Fed.
6,228
ment
5,374
25%
33,327
tional
59,599
Unemploy¬
Insurance
trustee,
upon
of
1.938
3,371
3,296
30,432
retirement;
Aug.
<2
.Joint fac.
'"$36,642
"$30,004
$20,318
7.135
6,600
97.855
98,053.
tax
?,018
2,023
18,512
17,967
tion
Hotel
$43,225
rents
(net Dri
oper.
deficit.
$45,796
$38,627
$96,049
$72,795
income..
4.780
2,023
23,639
12,661
ry.
Bon-operating
Balance
deficit
Deductions
Deficit
$41,016
from
before
$36,604
366
246
income
interest
$41,382
$72,410
$74,551
$36,850
iDeficit.
•Operating
$51,975
revenues
$45,800
$2,167,270
$2,050,237
1993.
p.
in
Co.
1946
Oct.
$3,144,262
2,029,127
165,
of
1,054,694
for
31,
stockholders
/preemptive
-purchase
will
rights
of
Dec.
vote
preferred
stock,
common
on
$100
authorizing
value,
par
stockholders
of said preferred
any
19
stock.—V.
to
166,
25,000
1947
and
releasing
on
subscribe
of
for
467.
p.
on
of
Nov.
on
have
18,
two
to
declared, payable Dec.
The
total
of
on
31
to
the
$5
cumulative
holders
of
is
required
There
:£ind
are
by
now
collateral
the
to
issuance
or
the amended
assumption
of
outstanding $36,090,000 of
trust
bonds
due
1964
and
of
it
is
the
rthe company
;and,
with
not
than
more
$100,000,000 of
unsecured
of
the
additional
$5
which
would
(bondholders
:.3%
notes.
(icntire
P,
the
as
be
present
bonds,
and
unsecured
The
3%
additional
an
$63,910,000,
company
notes,
funded
would
incur
also
intent
notes provided
no
transaction.
represented
of
underwriting
from
a
former
rates
level
of
thereon.
$60,000,000 of 5% bonds, and
During and subsequent to the
'000,000
per
with
requirements.
".of
directors
war,
additions
in
to
a
point
which
*'
•
1"
and
might
betterments' in
require
*
to
retire
time
Ibanks for
tinder
year
ago
$75,000,000,
which
there
are
the
the
no
is
loans
plant
resort
to
The
was
current
outstanding,' since
than
of
organized
stock
of
no
with
its
The
This
device
plow,
have
cuts
of
reduced
be
drawn
two
as
by
model
narrow
and
8
as
tractor
a
and
manufactures
sold
the
under
ground
previously
To
produced
26
this
and
for
done
by
inches
machine
the
will
corporation
its
other
the
.
are
the
cut
a
second
of
farm
and
sells
implements,-
distributed
under
implement
These
in
a
corporation
From
in
Mich.,
plant,
has
two-plow,
of
of
also
general
Rototiller
the
well
as
include
that
the
time
which
one-cylinder,
Rototiller
a
which
and
acces¬
number
cf
mower, culti¬
and
flat-belt
Included
1946
in
in
period
July,
38,738
horsepower
implements.
engineering
was
portion of
a
sub-leased
1947,
units
and
-
-
develop¬
commenced
the
by the
plant at Willow
from
production
Kaiser-Frazer
continued
in
and
transferred
The ^.corporation
of
its
note
automotive
will
assets
between
vary
9,
long-
settlement
to
Kaiser-
minimum
a
of
and
is payable $200,000 on Nov.
8, 194rl
Corporation has pledged all of tho
1948.
of
Frazer
Farm
Equipment
100,000
anil,
Corp.
shares
of
common
guarantee.
In
addition,
short-term bank loan in the
a
tho
amount,
has
in
an
outstanding
aggregate
to
Bell
amount
Aircraft
of
Corp.
Co.—Sells
on
Nov.
to
Automatic
18
announced
Electric
Ditmars, President, said
short-
the
p.
Phone
the
Co.
this
sale
of
of
corporation
1993.
Pay
its
Station
telephone
Chicago.
action
pay
-
taken
was
to
permit
to
devcte
its
entire
efforts
to
production
and
new
electronic
dictating
machine—The
Audo-
company
of
its
166,
certain
$1,158,860.
855.
p.
Nov.
17
filed
company
trust
a
registration
certificates
for
statement
300,000
shares
with
($20
684.
p.
Great Lakes Chemical
Corp.—New
Made to
the
SEC
par)
com¬
Control—Exchange
Minority Stockholders—
.The
directors
have
announced
that
they
have
transferred
their
controlling interest in this corporation to
McClanahan Oil Co., Grand
Rapids, Mich., for stock in the latter
company.
Under the contract,
e^ch Great Lakes stockholder will be offered
the right, for a limited
time, to exchange his shares for
^
of
McClanahan
two
shares
of
the
former
The
directors at the
purchase for stock,
by
facture
the
several
food
company
held.
sell
to
272,852
issue
privately
ceeds
is
will be
used
filed
the
on
of
basis
McClanahan.
they have
the
on
registration
a
(no
par)
acquired
basis
of
one
new
SEC—
statement
The
common.
underwritten.
shares
t$190 par)
for
stock
share
that
Co.—Registers with
13
not
50,000
Oil
each
assets,
patents and rights to manu¬
chemicals now being processed and
sold
ton.
1479.
shares
stockholders
The
■
for
announced
166.
Nov.
on
time
certain
organic
industry.—V.
covering
company
same
Gulf States Utilities
The
SEC
Hamilton
The
per
Gas
directors
share
Nov.
with
shaies
share
new
for
the
will
each
be-
ssvea
The
company
also plans to
preferred $4.50 series.
Pro¬
construction.—V.
166,
1890.
p.
Corp.—Initial 50-Cent Common Div,—
26.—V.
Hanna
Nov.
on
the
on
12
common
166,
declared
stock,
Manufacturing
SEC
at
company on
for
$200,006
initial
an
payable Dec.
dividend
12
to
of
cents
50
holders
of
record
855.
p.
Co.,
Athens,
SEC—
Nov.
lo
filed
letter
a
cf
Ga.—Files
notification
with
with
the
15-year 5%
debentures, due 1962, to be otfered
Underwriter, Johnson, Lane, Space & Cc.,
Inc., Savannah, Ga.
will be used
to
increase working capital and to
purchase
par.
Proceeds
equipment.
Harbison-Walker
Refractories Co.
Period End. Sept. 30—
*Net
earnings
(Earns,
per
■'After
stock
common
Subs.)—Earns.
1947—9 Mo\—1946
$750,500
$3,449,244
$1,823.300
$0.85
$0.53
$2.48
si.2®
share-
com.
usual
(&
1947—3 Mos.—1946
$1,178,182
deductions
for
Federal and State income taxes.
outstanding.—V.
depreciation,
(Based
166,
on
depletion ancl estimated
1,334,995 shares of no par
949.
p.
Harbor Plywood Corp.—Stock
lon & Co. and First California
.
owns 845,000
shares, or approximately 18% of the
outstanding common stock (par $1), of
Kaiser-Frazer, engaged in
production and distribution of "Frazer" and
"Kaiser"
automo¬
biles. t Corporation ' purchased
250,000 of such shares in
September,
1945 at $10' per
share, and 750,000 additional shares were acquired
on
Feb.
10, 1947 in connection with the sale of the
corporation's
Offered—Eastman, Dil¬
Co., Inc., headed an in¬
vestment banking group which
publicly offeree Nov. 20
at $10.25 per
share,
538,005
shares
($1
par;
common
stock.
PURPOSE—The
net
proceeds
are
to
be
used
for
the
following-
purposes:
(1)
a
.
the
make
its
$1,474,000.
annum
were
September
to
of
stock
Offer
such
manufactured.
During
of
1947, the manufacturing operations were
plant leased by the corporation at
York, Pa.
This
transfer
was
effected in order to realize
substantial economies • in
rental,, labor rates, costs, of utilities, and other
costs of production
made possible by operation in the York
area.
August
default
to
engines
tractor.
implements
corporation
until
the
farm
purpose
five
farm
completed
farm
spring of
which
during
same
models
corporation
of
Run,
.
the
are
present
of
liable
bears interest at rate of
372% per annum and which
1, 1948.
25,000 shares of common stock of Kaiserpledged to secure such loan.
165,
the
corporation's
trade
names,
Attachments and accessories for
"Frazer."
name
farm
such
outstanding
voting
that
cut
of
approximately
attachments
as
trailer.
Corp.
.
per
cor¬
respect
guides
it.
equipment.
Such
attachments and accessories
equipment are manufactured for the
corporation by
trade
Rototiller
distributes
event
in
farm
farm
but
also
Rototiller
of
of
Feb.
The
for
the
remains
dated
exoensesg
Feb.
on
mon.—V.
in
variable
a
and
have
feet.
items
and
Graybar Electric Co., Inc., N.
Y.—Registers with SEC
date,
the
and
have
inches,
will
4%
on
has
E.
distribution
the
however, in the engineering
models, one of which will be
additional
present
to
corporation
Manufacturing
graph.—V.
two
in
automobile
is
harrow.
been
and
20
In
convertible"
Kaiser-Frazei;
to give to Kaiser-Frazer
undetermined amount upon final
which
Gray
offered
which
work
and
only
of
4%
agreement,
cer¬
remaining
The
prepares
the
disc
sale
obligated
yefc
capital
notes
Walter
Common
engaged
subsidiaries,
implement
coes
the
166,
(par $1) by
longer
farm
and
by
to
certificates in
respect
of
Kaiser-Frazer to secure such
Gray
the
in
are
through
be
maximum
company
station business
Exchange, viz.: $57/s
products.
subsidiaries
outstanding $8,524,000
Pursuant
issue of Nov. 17 of the
an
corporation's
its
the
inplements
the
be
The
bank
part
the
operation
development
Production
and
arranged a revolving credit with
available for another four years and
Offering
common
operator
walks
behind
corporation
is
presently engaged,
ment
,
presently
—
will
as
The
was
specialized
models
poses.
com¬
company
which
made in
was
of
covering
Corp.
the
utilized
reduce
.
jkAlthough a
Motors
1,343 shs.
72,299 shs,'
5,127,410 shs*.
Business—
$250,000;
trust
has
1956.
UNDERWRITER—Allen & Co. will act as
agent of
making sales of the shares now offered.r-V.
in
expenses,
$192,001;
mortgage bonds, $94,000;
15-year 2% mortgage bonds,
voting
he-
Outstanding,
*215,621 shs.
16,000,000 shs.
outstanding debentures.
however, the corporation
the
a
Corporation
term
accrued
by
$25)
(par
w.'ll
FINANCING
1,343 shs.
trust
of
$82,669
Trust
2%
rehabilitation,
rate
payable
P'razer are
mortgage bonds, at cost
thereon, $61,526; sinking
on
deposit with trust
represented
PRESENT
on,
amount
and
is
&
by
The
corporation
general farm
equipment distributed by the
corporation
are
a
cotton chopper, beet and
vegetable thinner, manure
loader, stalk cut¬
ter, grain blower,'sugar cane
weeder, sub-surface tiller, farm wagon and
tandem disc harrow.. The
corporation recently commenced the distribu¬
tion and sale of
stationary gasoline engines for farms and other pur¬
the
level of about $100,000,000 to the present approximate $175,'000,000.
But even this expanded working capital may not be suffi¬
cient io uarry on the present large business and offer
assurance that
rising costs will not expand the value of our inventories and accounts
.
and
15-year
TO
corporation and Kaiser-Frazer,
pay
the principal of, interest
to
an
$200,000
stock
real
shares
the
cash
the
-prewar
receivable
2%
EFFECT
between
in
sale
voting
their
$58,888
Bank
and
shares
Corporation
and
1947
deducting
National
a
planter, field
vator, snow plow and bulldozer, water
pump,
V-belt
pulleys, circular saw, furrower, dump rake and
of
having a cost value in excess of $100,000,000, of which
.some
$70,000,000 has been paid for out of working capital without
material
change in
capitalization.
In
addition, during this same
■period, the company was able to increase working capital from a
iborrowings.
(after
on
"Rototiller." '
one
in
which
the
has risen from a prewar average of about
$200,to a present volume of about
$600,000,000 per
corresponding increase in plant and working capital
To keep pace with this expanding
volume, the board
authorized
ol'
others
a.
machinery
poration
and
annum
has
(after
interest
$58,971;
payable
10,000
and
a
farm
.
mainly
unsecured
expense
also
Rototiller
saries
pany'g sales volume
:;annum,
taxes
Corporation,
mark
other
present
to
from
hand
31,
capital
cannot
such
outstanding
corporation.
AUG.
working
(par $50)
Corporation
to
note
the
at
estate taxes accrued to
Aug.
$25,836; prepaid expenses and deferred charges,
(less depreciation), $4,326,326;
total, $5,617,343.
of
in
The
W.
/interest
OF
Sterling
15-year
accrued
of
of
AS
taxes, $93,163;
$4,700,000;
reserve
for
operations
5
rates
Litchfield, Chairman of the board, further states:
i
In the
period preceding the war the
company was able to
/funded debt through the operation of sinking funds from time
•
—
will
for.
$4,510,000
by
was
trade
smaller
mortgage
present
approximately
by borrowing
and
the
sale
or
distribution
of
automobiles.
disposed of in Feb., 1947.
can
first
interest
maturity
valua¬
exchange
inactive.
distributes
and
It is
contemplated that this would be accomplished
by replacing
/presently
outstanding first mortgage
bonds
with
unsecured
notes,
-approximately $31,580,000 of which would have similar
•and
sale
are
planting
that these bonds be refunded and the
mortgage cancelled
the preferred stockholders'
consent,
to
issue
$63,910,000
funded debt so
that after cancelling
the mortgage there
:.additional
•would be
of
the
to
purposes.
Corporation has guaranteed the
payment of
an
outstanding
short-term bank loan in the
amount of $400,000 to its whollv
owned,
subsidiary, Frazer Farm Equipment
Corp.
Such loan bears" interest'
offered Nov. 13 at the clos¬
the New York Stock
separate
incorporation.
3 Vim -234%
and
BUSINESS
the
vote
articles
stock
to
the
(3»
2%
bonds,
The stock
corporation
record
of
stock
assessed
(1)
for
1946,
Frazer.
the
corporation, while
Graham-Paige Sales Corp.
and
Graham-Paige
Inter¬
Corp., conduct, respectively, the domestic and
export dis¬
business
its
66%%
^preferred
•Uebt
will
urged
are
income
1952,
manufacture,
.
shareholders
for
follows:
as
,
(2)
to
others,
tribution
Dec. 15 on
increasing the.
the
company
up
to
a
maximum of $63,910,000,
in
$36,090,000 of funded debt now
outstanding, making a
$100,000,000.
Consent of the holders of
debt
assets
1,
subsidiaries
1355.
preferred
funded
$25,836),
stock. (issued
national
Goodyear Tire & Rubber Co.—To Vote Increase in In¬
to Be Done Privately—
::addition
its
of
utilized
payments.
term
year
Trustee
pending
be
$1)
4.3,322
Kaiser-Frazer,
such
additional,
the
added
GIVING
stock
undertaken
by
the
Michigan Sept. 28, 1909
Paige Detroit Motor Car Co.
Name changed to present title
Jan.,
1928, and in 1939 the corporate charter was
renewed so that it now
on
Sept. 27, 1969.
Corporation has at the present time five
wjtioily owned subsidiaries.
One
of
these, Frazer Farm Equipment
Corp., operates the farm equipment business of the
debtedness—Financing
$5
proceedings
reduction
on
with
$326,340;
interest.payable
Sept.
and
The
This
will
such,
be
corporate
(par
which
incidental
as
Common Stock—
.The usual quarteiiy dividend of $1.25
per share
also
and
with
HISTORY—Corporation
.
p.
fiscal
12,
has
taxes.
SHEET,
15-year
mortgage
fixed
capital
1946.
was
with
pfd.
NOTES—(1)
Dec.
year.
by
will
stock A
reserved
$842,000
ing price. on
per share. Further details follow.
$1 per share and an addi¬
special dividend of $1 per share on the common
stock, both
payable Dec. 31 to holders of record Dec. 12. This
brings the total
paid or payable in 1947 to $5 per share, as
compared with $4.50 paid
166,
interest,
$'79,000)
Allen & Co.
tional
12.—V.
1947,
proceeds
be
debentures, due April l,
outstanding
the
been
Authorized
pfd.
stock
and
shares
Aug. 31, 1947'.
deposit of addi¬
the
net
general
Includes
stock
the
of
of
owned
which
have been converted
into common
be reissued.
1872,590 authorized but unissued:
issuance upon conversion of
outstanding 5% con¬
vertible preferred stock
and 4%
convertible debentures.
Each share
ol 5% convertible
preferred stock is
presently convertible into 3 shares,
of
common
stock, and each $1,000 of 4% convertible
debentures is
presently convertible into 76.923 shares of
common
stock.
the
expires
The
directors, according to an announcement
'declared the usual quarterly dividend of
Dec.
the
offering of 233,320 shares of
Dillon, Read & Co. Inc.
Declares Special Dividend of $1
preferred stock
*
1947.
for
deposited
for
shares—Mention
under
Sachs & Co. and
in
certiorari
1,
for
Common
On
the company's
existing mortgage. Repre¬
senting the company in the transaction were Goldman
:
has
banks
be
Graham-Paige
(B. F.) Goodrich Co.—Sells Bonds
Privately—The di¬
rectors on Nov. 18 announced that
arrangements had
.been made for the sale
privately to an insurance com¬
pany of $10,000,000 of 2%% first
mortgage bonds, due
May 1, 1965. The bonds will be issued as an additional
.series
for
250,000
stock
the
applied towards payment of
principal of and
90-day 2% note held by Bell Aircraft
Corp. in prin¬
of $500,000,
and
(2)
any proceeds in
excess
of
required
convert,
value
par
of
in
will
amount
amount
tificates), $10,000; capital surplus, $86,364; operating
surplus, $191,816;
total, $5,617,343.—V. 16G, p. 949.
to
or
fiscal
year ended
Nov.
20,
BALANCE
in
for Federal
reserve
due
shares
about
or
LIABILITIES—Accounts
cumulative
the
a
(exclusive
bonds
shares
the
on
cumul.
treasury
the cor¬
15-year mortgage bonds of 2%
real estate
for real estate
$16,797;
990,84G
Goebel Brewing Co.—To Create
Preferred Stock—
The
of
fiscal
trust certificates
shares of capital
fund
2%
additional
■4 '/a %
with
the
the
of
one
proceeds
5%
Rehabilitation"
for
to
and
value
company
$1,859,793,
1728.
p.
in
provides
Oct.
on
City
for
voting
banks
cost)
(par
fund
31, '47 July 31, *47 Apr. 30, '47
$3,333,391
1946
bonds
$94,000 as computed for
deposited for this purpose.
and ,1946-47
York
sinking
as
cat
Quarters Ended:
1947
and
the
155,000
security
par
a
—■»
$6.75
common
for
additional
certificates
available
were
fund
privately
11
i
placed in a voting trust.
Voting'
respect. of 100,000 of such shares are
pledged
for the corporation's other short-term
bank
loan
and
certificates in respect ol' 170,000 further
shares are
piedged
as
security for the corporation's
outstanding notes to Bell Aircraft
Corp. Corporation holds the shares of common
stock of Kaiser-Frazer
owned by it as tin
investment.
Corporation may at any time sell
shares which have been
placed in the voting trust referred to
above,
provided the sale is maae
by means of a bona fide public distribution
with not in excess of
5,000 shares being sold to any one purchaser.
trust
5%
bonds
in
——mmmm
by the corporation
corporation's 47* convertible deben¬
25,000
of
such
shares
are
pledged a*
corporation's short-term
bank
loans.
Tho
security
an
remaining 570,000 shares have
of
mortgage bonds), $617,579; ac¬
counts
receivable
(less reserve), $59,865;
inventories of merchandise
and
supplies, $124,103; investment in U. S. Government securities
(A. C.) Gilbert Co.—Gross Sales
Higher—
--V.
New
certificates
cash
Jan. 1 to Nov. 7
1947
held
i
sold
at
Kaiser-Frazer
as
CAPITALIZATION
fund
the
of
corporation
close
for the
the
of
Clinton
CONDENSED
1946
the
at
the
the
reduction
further
on
record
.
1945-46
Holders
1947
166,
of
"Reserve
$62,095
Week End. Nov. 7
by
a
of
while
security for
in
sinking
sinking
and
with
the
ii
bonds
average
bonds
for
the
an
to
with
retired
income
amount
ASSETS—Cash
Period—
—V.
for
trust
1,961
to
hand
on
purchased
mortgage
or
value
par
$382,530
previously set up and amounting
to $200,000, at Aug.
31, 1946, was increased $50,000 during the year
by appropriation from "Operating
Surplus," making the total Reserve
$250,000 as at Aug. 31, 1947.
$60,134
2.141
trustees
$62,000
effected
indenture
Governor
years
The
.
Net
2%
interest)
purchased,
submitted
$4,700,000
net
pledged
$71,213.
corporation
15-year
of
the
to
together
and
31, 1947, was
%) was paid on
Bondholders
Railway oper. income
JEquip. rents (net Dri__
those
payable
The
interest
28,568
of
bonds
to
stock
ii
its
PURPOSE—The
has deposited with the Sterling National Bank & Trust
York, N. Y., $58,888 for retirement purposes based
the
shares
interest
New
interest
ended
the
year
(exclusive
the
$223,736
amounted
value
par
tendered
retired
mortgage
trustee.
Act
fiscal
Of
to
$171,103
taxes
the
thus
the
are
first
of
bonds
The'
3,845
*$128,142
income
past
were
$62,000 purchased
48,366
56,052
Taxing
6,461
RR.
of
misc.
163,266
the bonds tendered by
sinking fund other holders tendered bonds with a
$21,000 which were accepted and
retired, making
a
$81,500 par value bonds retired through the
sinking fund.
for
of
Co.,
1937
267,250
163,308
$79,000 par value was
31, 1947.
In addition
The company
$153,486
accruals—
"
Ad
328,480
164,414
i
Corporation
common
replenish
tures,
cipal
sinking fund operation)
1,651,101
$166,401
1944
325,935
i
similar
$2,823,136
2,010,090
$147,373
fyom $4,843,500 to
.
1945
2,183,413
assets.
per share
in August, 1947 In
working capital.
100,000 of such shares were
Permanente Metals Corp., a
corporation of which
Henry J.
is an officer, director and
substantial stockholder.
to
to
Kaiser
as
$2,898,937
$201,500
addition
of
value
The
of
the
of
cost
Aug.
total
$1,804,587
-
1946
order
,
market
in
balance
Mos.p-1946
$173,232
1993.
p.
2,403,812
;
$6Q,500
accepted for
retired
or
par
revenue.
166,
Federal
of
and
i
expenses.
oper.
additional
1 **"————
Kaiser-Frazer
sold
inten¬
324,843
159,944
$1,000. bond.
poration
Ry.)
for
the
and
taxes
total
per
value
Georgia & Florida RR.—Earnings—
Northern
before
open
a
as
Statesboro
funds
new
is
1
automotive
it
$3,070,264
interest—
NOTES—During
$731
147,666,762 kwh., an increase of 15,005,315 kwh.,
corresponding week of last year.—V. 166, p. 1993.
(Inch
taxes
Provision for Federal
1.
to
the
over
the
such
any
1947
depreciation..
income
share
Dec.
last, which was followed
Sept. 30.—V. 166, p. 1682.
corporation for
deems
management
$3,198,420
2,585,491
a:
bond
for
Profit
at
electric
your
additional funded debt.—V.
of
expenses.
estate
mtge.
General Public Utilities Corp.—Weekly Output—
The
provisions
reyenue.
Prov:
on June 30,
on
funds,
"
stock¬
per
record
of
the
Real
1682.
dividend
a
Dec.
to utilize
Years End. Aug. 31—
General Portland Cement Co.—25-Cent Dividend—
The
.•
board
your
Operating
the'
Underwriter
by
of
Gross
-
registration
bank
Governor Clinton Co., Inc. (N. Y.)—Annual
Report—
Pays 2% Additional Interest—Reduces Fund Debt—
Elizabeth, N. J.—Registers
a
current
capital investment for which
value
par
1992.
on
who v.ill
1947
Exchange
utilize
fixed
plant
and machinery and working
capital.
There is no present plan looking
to a refunding of the
preferred shares of the company.
No dividend
restrictions on the outstanding preferred stock would be
incorporated
-
18,
hot
for
are
It
tion
Nov.
on
should
requirements
prudent to request of the preferred stockholders their
consent to the
issuance or assumption of additional funded .debt
so
that the board
of
directors may
in • its discretion increase such funded debt from
the present $36,090,000 to
$100,000,000.
All of this increase of $63,910,000 would probably be issued in the near future.
common
of
additional
we
on
$5 per
■
after
recorded
p.
Co.,
value
to
Nov.
stock
and
were
£>EC covering
par
distribution.
company
holders
incoiporation
the
share
,
share, and (b)
was split up into two shares of
common
Nov.
17, 1947 of one additional share
General Instrument Corp.,
with SEC—
,
of
(a)
per
13, 1947.
Security Rulings of the New York
on
on
company
$1
share
on
common
Transactions
on
each
business
mentioned
which
stock
for
Committee
ruled
above
cretificate
to
from
distribution
stock
close
the
changed
common
the
common
at
to
pursuant
been
share
stock
of
1947,
has
the
$2,500,000 will be
obtained
amount
America
tained,
of
in
the
in
increased
was
$502,000
1947)
will
Dank
of
made
in
be
(less
any
applied
to
Washington^
of
1944
and
retire
a
loan
the
on
Lewis
July
in
tW" amount
of
area,
1947, by $500,000
working capital.
made
balance
Wash.,
subsequent
of
to
a
loan
from
loan
was
secured
by
a
that
at
ob¬
purchase"
County*
to
which
$1,200,000,
was
Skamania
24/
payments
pay the
Tacoma,
River
in
Bank
&
the company with additional general
(2)
off
pay
March
Trust
located
lands
and
to
3, 1947, by the company from
Savings Association.
This
loan
original amount of $2,000,000, to finance the
National
timber
Wash.,
on
applied
provide-
Sepi.
30,
National
originally
moug .go
12
that
at
and
lands
timber
on
facilities
logging
the
in
and July 3,
the delivery of and payment for the shares of
offered, the company will make payment of the
of America National Trust and Savings Association
with
now
Bank
from
loans ob¬
June 13,
1947, in the amount of
to pay off short-term bank
Washington, Tacoma, Wash.,
$150,000
of
amount
stock
common
Bank
National
and
acquired
company,
Washington.
of
that approximately $450,000 will be used to
construction program at Riddle, Ore.
The
balance
of
tne
proceeds to the company from the securities
offered will, it
is anticipated,
be used in connection with construc¬
tion of mill ng facilit es
in the Lewis River, Wash., area under the
terms
of
the
Noritnern
Pacific Ry. contract.
It is presently esti¬
mated that such construction wi.l, over the next several years, require
a
total
expenditure approximating $4,650,000.
To finance so much
of such expenditures as cannot be met
out of the proceeds of the
present financ ng and
current earnings, the company has secured
from
Bank
of
America
Nat.onal
Trust
& Savings
Association an
agreement to xoan to tne company additional funds aggregating not
more
than
$2,500,000.
Under
this agreement the
company
may,
commencing 12 montirs after the sale of the securities now offered,
borrow such amounts as it may require within the $2,500,000 limit,
this limit being reduced $70,000 quarterly for one year, at the end
of
which time the unpaid loan balance
outstanding shall be con¬
(4)
complete
verted
anticipated
is
It
current
tne
into
additional
that
extent
payable
loan
4%
a
shall
amounts
than
paid
be
and with provision
1958,
annually
principal
on
25%
of the company's net profits in any fiscal
year exceed the quarter-annual instalments payable during such year.
Company wi.l pay to the bank a commitment fee of 'A of 1% on
the date of the commitment to the effective date on
which
borrow.ngs are
commenced and for a further period of one
year on the difference
between amounts actually borrowed and the
$2,500,000
the
permitted,
If
commitment.
and
commitment
the
does
maximum
the
TRANSFER
Co.,
the
terminate
not
payable
fee
borrows
company
it
will
30
on
be
days'
notice
covering
GIVING
purchase
Sales,
less
EFFECT
of
the
and
timber
balance
equal annual instalments
Operating
at
TO
Cost
PRESENT
contracts
in
Deprec.
Sell.,
purchase
Riddle,
Ore.
ments
interest
Gross
interest
3%
at
interest
of
at
Unsecured
Jan.
Common
of
1,
be
"purpose"
Sept.
from
of
in
the
1,
Hornblower
R.
$3 370 619
of
of
100,000
shares
of
*
of
capital
stock
(no
the
several
to
be
the
purchased
Francis
Co
S.
18,000
Loewi
23,000
Inc._
The
& Good-
R.
I.
du
Pont
&
&
Ohio
realized
Provision
long
for
term
Net
of
sales
investments
exchanges
gain
realized
gain
on
gain
paid in
of
taxes
$2,750,424
1,417,245
4,262,056
$1,417,245
$4,262,951
895
investments
investments
on
income
capital
realized
Dividends
undistributed
on
Cr6,335
1,865
$1,423,580
$4,261,086
3,885,549
2,727,324
1,332,204
4,066,327
gains
investments
on
cash:
From undistributed
11,000
Cruttenden
Farwell, Chapman &
C.
directors
V.
income
net
&
165,
Co.__
J.
Henry F,
S.
Strauss
&
&
On
Co.
Swift
&
—V.
&
Gross
Collins
&
Detmer
7,000
Inc
7,000
Hallowell, Sulzberger & Co.
Holley, Dayton & Gernon.
&
Northwest
Co.,
Co
7,000
Dahlberg
&
Co.
path
Dempsey-Tegeler
&
Co
2,500
2,500
2,500
Hull & Co
H. Irving Lee & Co
Irving Lundborg & Co
The
4,500
A.
John
4,500
McCourtney-Breckenridge &
B.
Dunbar
&
Co
4,500
Lemon &
Co., Inc
&
Kebbon,
and
&
2,500
Irving J. Rice & Co., Inc.
2 500
Stix
2 500
Thayer, Baker & Co.
&
Gardner
Co.
_
Plywood Co.
and sale of
and
resells
mill
work,
and
miscellaneous
plywood
building
The
company,
the
copyrighted
item
It
also purchases
building
of the gross volume of the company's business.
the
name
the
in
the production
and
manufacture of
line of which is proof against moisture
a
waterproof or exterior type plywood under
"Super-Harbord."
Prior to
the
development
glue
markets
by
Pacific
plywood products.
primarily doors but including also
insulating board, insulating materials
material items, which. together account
pioneered
plywood,
all
company,
Northwest
the
was
Douglas
manufactured
fir
plywood
under
what
produced
was
in
company's,
pioneering
work
in
this
field,
various
glue manufacturers evolved, other adhesives for the manu¬
plywood, and exterior waterproof plywood is now
a standard
item in the trade, nevertheless in the
industry as a whole
the production of "interor" type plywood still
predominates.
It has
exterior
been
the
company's policy,
on
the other hand, to emphasize the
production and sale of exterior plywood, and during 1945 exterior
plywood represented approximately 78% of the company's production
on a sales basis and
approximately 70% of the company's production
volume
basis.
per
This
ratio
was
somewhat
reduced
during
for
fee
77,782
I
l
value
securities
$475,090
$169,002
22,061
purchased
16,675
Investors Syndicate-
to
pay.
5,600
4,377
8,889,135
92,956,882
94,475
5,127,853
7,002^132
3
IIII__IIIIII_IIIIIII_-II
"Capital
stock
Paid-in
surplus
Undistrib.
II
—
realized
net
Unrealized
gain
appreciation
investments
on
of
investments
71,538,160
•
3,099
8,165,079.
1946
$107,571,036 $86,902,502
Total
Net
value per share of
asset
oustdg. cap.
$12.383152
$12.044855
stk._.
no
shares in 1946.—V.
par
166, p.
1151.
shares
additional
34,856
Dec.
5,
1947
about
or
on
Investors Selective Fund, Inc.—10-Cent Dividend—
share on the
22.—
directors
The
cents
Nov.
on
declared
13
fiscal
a
10"
of
dividend
year-end
payable on Nov. 26 to stockholders of record Nov. 14.
with nine cents on Sept. 20, and seven cents each on
March 20 and June 20, 1947.
share,
per
This
compares
The
the
on
Dec.
a
dividend
12.
of 50
in
company
paid
1946
payment that year.
only
dividend
a
On Nov. 26,
of
on Nov. 26, the
initial payment of 20.
cents
23
1945,
an
cents was made.
Syndicate,
Minneapolis,
principal
the
is
the Fund.—V. 166,
of
Iowa Southern Utilities Co. of
share
cents
ending Dec.
A
per
31,
1947,
pay¬
similar payment was made
12 Months Ended
Total
operating
and.
distributor
760.
p.
excess
profits
and
622,914
$6,392,840
5,871,389
5,553,433
: w
9,661
f
$1,034,922
$93,785
$123,204
,tt
$839,407
87,008
81,372
9,264;
•
$103,049
$1,121,930
Net
132,347
1,185,408
646,648
522.000
498,000
earnings
$1,045,740
35,596
$1,083,592
29,753
'
78,887
815,775
Net
■—-v-r-—j—
$1,113,345
$1,081,336
449,725
469,050
107,472
141,489
$556,148
earnings
Interest
$470,797
bonds
on
Amort, of debt discount and
and other
expense,
:
deductions
827,887
.
Net
income
"This does not
$89,244
$108,185
$1,094,636
$879,253
in
taxes
the
in
Corp.—Definitive Debentures—
fund
165,
p.
Tea
Co.,
The
$10,968,735
corporation
all-time
new
__
1947—9 Mos.—1946
$
$
$
13,083,886 125,431,916 116,609,896
19,760
258,908
162,335
15,636,157
13,553,216
13,064,126 125,173,008 116,447,561
11,277,523 112,090,888
97,240,423
843,976
11,542,735
10,640,876
1,523,113
recapitalization
a
outstanding
ch«°rr"ls
559,828
942,627
715,882
Drl31,422
!
I
1994.
p.
8,566,262
6,804,427
1,539,385
373,066
income
LtttAlei
share
each
&
Water Co., Inc.—To Sell Bonds Pri¬
SEC on Nov. 13 granted the company to
$990,000 first mortgage bonds, 3%
series, due Nov. 1, 1972, to Aetna Life Insurance Co. and
New England Mutual Life Insurance Co.—V. 166, p. 1579.
vately—The
issue and sell at par
of
a
Higher-
in
sales
$70,179,546
represents
full year.—V.
166,
meeting held on Nov. 19, adopted
changes each share of the presently
which
into
one
voted
stock
in
the
of
favor
of
authorized
new
share
new
of
new
common
into
no
Industrial Rayon Corp.—Dividend
Again Increased—
dividend of 75 cents per share
to holders of record Nov, 25.
with 62 % cents each paid on June 12 and Sept. 12,
last, and 50 cents per share in each of the three preceding quarters—
V. 166, p. 950.
On
Nov.
the
This
14,
the directors declared a
stock, payable Dec. 12
share
International Business Machines Corp.—Stock
Div.—
18, 1947, to recommend to the stockholders
increasing the authorized outstanding stock 75%.
special meeting of stockholders will be held Jan. 13, 1948, to con¬
sider the recommendation of the directors and the adidtional stock
will be issued as soon as possible after the
stockholders have aprA
proved the board's recommendation.
Upon such approval stockholders of record date will receive ad¬
ditional stock on the basis of three-quarters of a share for each share
held,
V.
with
166, P.
scrip
1891.
certificates issued for each
fraction of
a
share.—
of
preferred
the
stock
and
recapitalization
capitalization
77%
of
the
new
common
plan.
consists
of
150.000
shares
of
par
R.
S.
of
stock
The
issued
Advance
to
a
70%
Hard-Lines, Inc., in which
interest, in exchange for stock
has obtained
a
commitment from
Bank
of
to
used
be
•
agreements with Advance Hard-Lines, Inc.
mentioned
banks
are
all
conditional
in
Kansas
15,
with
on
1947.—V.
!
the. above
completion; of
166, -p.
1580.
City Southern Ry.—Earnings—
Period End. Oct. 31—
1947—Month—1946
oper.
revenues
oper.
Railway
Railway
and
substance
recapitalization plan or or before Dec.
the
Man¬
City Bank of Cleveland for a $1,962,000 4%- seven-year
to repay present 3%
demand notes in the saiha
National
The
the
New York;
Central National Bank of Cleveland;
Trust Co., Cleveland; First National Bank, Memphis, Tenn.;
Company,
Cleveland
loan
be
Bakkom & Co., Inc.
company
hattan
and
to
President, owns
Stevens,
L.
E.
common
stock split-up by
changes
value preference stock and 240,000 shares of $1 par value
common stock,
of which 98,364 preference shares and 237,394% com¬
mon
shares would be
outstanding.
This includes 94,958 shares of
no
compares
The directors voted Nov.
a
value-
par
stock and
one-third
$1.
par
82%
stock
common
aggregate amount held by the same banks.
on
a
1684.
p.
special
a
stock
present
stock,
than
More
common
Gas
at
plan
preferred
preference stock and one-half share of
The
operating
$100,000,000
its history, even for
41.8%
$105,620,703
Stores, Inc.—Recapitalization Ratified—
stockholders,
common
Operating revenues
Operating expenses
1356.
166, p.
1947—44 Wks.—1946
$7,733,961
that
announces
high in
Sales
1947—4 Wks.—1946
sales
The
15,664,514
28,357
rev
oper.
Inc.—Current
period End. Nov. 1—
Co.—Earnings-
$
Operating revenues
less
31G8.
1947—Month—1946
Period End. Sept. 30—
attributable to the flood at Ottumwa,
related Federal and state income
$48,674,
$18,875, which has been charged to surplus.—V.
Retail
exchange
N. Y.—V.
of
i
V. 166, p. 1993.
adjustment income bonds.
sinking
delivery
include expenses
amount
Jim Brown
—V .166,
514,825
437,075
695,846
retirements
income
1
■
1,187,528
90,641
3Va%
for
after
taxes
_..
for
operating
Other
$920,779
131,468
Illinois Bell Telephone
Net
1946
$5,584,199
2,878,985
-—,
$132,865
New York,
Net
maintenance
1947—9 Mos.—1946
$6,906,311
$716,699
debentures due July 1, 1966 are now
for outstanding temporary deben¬
at The Chase National Bank of the City of New York, 11 Broad
Uncol.
1947
$6,065,699
3,327,186
revenues
and
taxes
Delaware—Earnings—
Sept. 30—
expenses
"Operating
Provision
known
commercial
of
of
months
627,706;
....
Definitive
available
"cold-glue" piocess, under which layers of veneer were bound
together by vegetable type glues not moisture proof.
While, following
of
six
Hudson Pulp & Paper
the
success
$1
plywood,
for approximately 28%
company
and
manu¬
materials,
hardwood
355,500
86,521
1
sold
adjustment
Indiana
organized May 2, 1929,
changed to Harbor Ply¬
in the
securities
fees
Jewel
'
was
Name
Corp.^April 4, 1930. Company is engaged primarily
7,968,831
7,531,422
610,098
receivable
"Represented by 8,889,135 shares of $1 p°r value in 1947 and 7,002,-
2.500
"
4,000
Harbor
of
1947—Month—1946
.
Operating taxes
Reinholdt
&
interest
fixtures—nominal
mgr.
Custodian
2,500
4,500
Co
as
2,500
4,500
Co.
declared
bonds
Deficit
2,500
HISTORY AND BUSINESS—Corporation
Delaware,
2,500
Co
4,500
Co.__
McCormick
Boettcher
Co
Masten &
Alfred O'Gara & Co
—
Kalman
Marshall
4,500
Inc.
Johnston,
E.
Co.
and
the
at
2,500
5,000
Ames, Emerich & Co., Inc..
Elworthy & Co
Johnson, Lane, Space
of
distributed
$750,910
taxes.
<
::'Exclusive of interest on
2,500
Holton,
for
8,393,458
TB1X6S
Iowa,
2,500
5,500
Auchincloss, Parker & Red-
and
brokers
Income
income-.
on
2,500
Co
accrued
28,341,182
10,508,796
deposit
$107,571,096 $86,902,502
to
Due
2,500
Henry
7,000
35,693,228
demand
on
brokers
2799.
Last year, an initial of 50 cents was paid on Dec. 28.
income
income
3,000
Co
7,000
Pacific
and
at
rate
company
p.
dividend
a
issuance
be
the
income
Interest
2 500
Hurry
Grande
for
charges
3,000
Middlebrook—_
&
and
"Income
2,500
Corp.—
&' Co
Skaggs
on
1890.
Operating
3 000
Co
and
Dividends
3,000
Co
$52,280,994 $42,627,783
bonds
bank
from
1946
quotations:
Co.—$1 in Cash—25% in Stk.
the
will
directors
stock
30, last.
Non-operating
Julien
Co
&
&
&
30
1947
in securities—at market
Investors
exps.
7,500
&
Brashears
stock
operating revenue
tures
Clarke
share
per
additional compensation
165,
stockholders of record
Period End. Sent. '30—
Street,
Walter
cents
total of $2.50 for 1947, as against $1.75 paid
to
go
Oper.
2,500
Hansen
payment of
members of the
declared
13
a
Gross
Coburn
Bradford
SHEET, SEPT.
stocks
in
Other
7,500
Richard W.
25
Hudson & Manhattan RR.—Earnings—
2,500
Bingham,
the
staff
29 to holders of record Dec.
166, p.
Buckley Brothers
Co
of
bv
G.
C.
to
the
common
June
9,000
&
voted
authorized
also
17
Nov.
able Dec.
3,000
Co
invest.-
LIABILITIES—
3,000
_
on
stocks
Corporate
1456.
p.
the
on
3,000
Co
gain
ASSETS—
investment manager
7,500
Co
dividend
a
payroll receipts.—V.
makes
3,500
Co
realized
net
Houston Oil Co. of Texas—50-Cent Distribution—
Co.-
&
declared
Nov.
on
additional
the
Taussig, Day & Co., Inc.—
Wagenseller & Durst Inc.
Walker
undistrib.
Adjustment of prior years' Federal capital stock tax provision.
Investments
1947—9 Mos.—1946
value capital stock, payable Dec. 22 to holders of record Dec.
together with three quarterly distributions of 50 cents each
board
J.
Bosworth, Sullivan &
'
Total
3^500
Co
Raggio, Reed & Co
9,000
9,000
&
1947—3 Mos.—1946
all
to
capital stock
9,000
Noel
also
time,
3,000
Roney &
McDonald-Moore
10,500
Co
$259,640
of
par
that
3,500
11,000
&
From
Guaranty Co.—Declares Larger Dividend
have
directors
9,000
a
net
Accrued expenses:
Title
3,500
III
Co
Co.-_
&
$207,217
1683.
of their annual
9,000
on
Total
3,500
Co.
Co.__
&
Rogers & Tracy, Inc
11,000
Alstyne,
facture
of
$3,835,549
on
Due
3,500
Co
California-.
E chler
$915,143
stock, payable Dec. 31 to holders of record Dec. 19. On
last, a distribution of 20 cents per share was made, making
45 cents per share distributed this year, the same as in
30,
Co.-
the
1,250
(exclusive
on
379,775
1788.
p.
-3 500
Livingstone
Wm.
Co
$748,852
3,500
__
18,000
Davis
114,500
capital
Van
as
485,153
$2,749,174
credit
income
Preferred
630,000
basis of one additional share for each four shares held. It is anticipated
Shares
Co., Inc
Dempsey & Co
18,000
Sons
Allyn and Co., Inc.--
this
562,679
___
—
Common
par)
underwriters, and
stock
Battles &
18,000
Weeks
&
of
83,519
500,000
directors
Piper, Jaffray & Hopwood_
Scherck, Richter Co
of
49,430
$3,234,333
$3,815,549
expenses
gain
$722,934
48,672
$16,483,850 $16,366,282 $48,304,012 $45,503,700
The
100,000
tl,000,000.6
No. of
70,000
_
Co.
$370,389
32,971
1946.
($1
common
70,005
Richards & Co
the
40,798
$4,448,228
gain
rene¬
This,
in
1948
stock
names
shares
Co
Walston, Hoffman
Bateman,
$1,578,114
80,220
previously paid,
treasury.
of
Staats
win
$1,329,072
and
166, p.
$10
798,000
$3,945,381
tBy amendment to the certificate of
29,
1947,
the
authorized
number
of
common
Co
&
Rollins
The
received
Realized
132
2,500,000
11,500,000 shs,
251,224
Hayden, Stone & Co
exterior
1946
$2,697,061
487,842
347,701
income
Realized
taxes
The
Shares
California
facture
Total
1947
$4,059,729
stocks
on
bonds
on
dividends
Total
$690,495
32,439
Hoover Ball & Bearing
deter¬
follows:
as
Eastman, Dillon &
wood
received
received
1946.
1,180,683
No. of
in
$352,469
17,920
Fed.
The
interest
above.
effective
numbers
are
Co.,
$1,513,704
64,410
166,
6%
$1)
UNDERWRITERS—The
Davis,
$1,289,278
39,794
profit
total
on
Wulff,
748,601
Christmas
contracts
Jan.
without
shares
held
Lester
Stock
Hecht Co.—Quarterly Sales Show Little Change—
a
commitment
(par
increased
was
H.
984,694
income
The
par), and each share of
the old capital stock then
outstanding (amounting to 230,997.8 shares)
together with
5.476.7
shares
of
treasury stock was changed into
two shares of
the
new
common
stock.
JDoes not include 10,953.4
G.
867,921
Surplus
successive
purchase
1949
under
H.
& admin, exp.
income
the
1,069,074
bank
1.500,000
Paul
dividends
Interest
Cash
and
years
to
each
payable
stock
incorporation,
C.
260,633
charges
on
293,625
1,474,371
five
next
timber
notes
Conditional
A.
261,721
7,060,368
gotiation
1.
Hill
254,337
249,071
for est.
June
period
Total
&
145,244
amortization
8,045.281
151,867
217,503
747,115
Home
tim-
2%
thereafter
beginning
year
Sutro
$9,852,261
6,024,193
151,444
6,104,634
income
Total
$1,098,311
instal¬
cents
the
On
15 and
60
Investors Mutual, Inc.—Annual Report—
Years Ended Sept. 30—
Cash
Invest,
Balance
annual
equal
for
rate
at
Pacific
dividend of
year-end
a
a
quarterly of 40 cents was paid, while on March
quarterly payments of 30 cents were made.
The company
paid four quarterly dividends of 25 cents each.—V. 166, p. 1580.
1946
inter¬
covering purchase
of
timberin Lewis River area, Wash. Bal¬
William
declared
BALANCE
—V.
payable in 21 equal annual instal¬
ments, without interest to Aug. 30, 1948,
H.
$7,537,340
and
Period End. Oct. 31—
ance
E.
sold
expenses
&
gen.
Other
Contract
First
goods
Depletion
outstanding
293,625
nine
each,
directors
16,
in
Furniture
eight
with
covering
near
in
with
several
a
quarterly dividend of 40 cents per share on
both payable Dec. 15 to holders of record Dec. 1.
investments
63,014
$8,656,148 $10,074,824
of
$9,789,247
revenues
Sales
interest
berlands
shares
the
15,
June
Net
FINANCING
$1,108,311
payable
to
Sept.
1944
$7,537,340
$8,656,148 $10,074,824
operating
in.
3%
without
shares
12,
and
stock,
"Income
1945
1946
&
Total
Payable in ten equal annual instalments
"See
discounts
allowances
California:
area
insurance
and
interior type
Calendar Years
8 Mos. End.
Aug. 31, '47
AND REGISTRARS—Transfer
agents for the
Trust Co., New York, and the company,
registrars for the common stock are Guaranty
York,
and National Bank of Washington, Tacoma,
New
Shasta
five
for the most part
are
CONSOLIDATED INCOME STATEMENT
Other
Payable $267,078 upon issuance of title
mined
which
Nov.
share
Balance
—V.
lands
Intertype Corp.—Year-end Dividend of 60 Cents—
On
stock.
as
$12,500.
Authorized
Six
grades,"
The
CAPITALIZATION
est
orders
under
nothing
Wash.
the
allocation
of
reason
plywood.
Subject to any new governmental acts or regulations, and current
housing requirements,
the company plans to
resume
its policy of
building up its production and sale of an exterior plywood.
At the present time the company's own direct sales demand greatly
exceeds
its entire
production.
During the year
1946 the
company
produced 76,637,921 feet of plywood upon a %ths inch rough basis,
of
which 41,239,676
was
Super-Hai'bord and 35,398,245 was regular
plywood.
Effective Sept. 7, 1944, the company entered into an agreement of
merger
with
its
wholly
owned
subsidiary,
MacDougail
Export
&
Shipping Co. (Wash.;.
As a result of that merger, the company
continued
as
the
surviving
and
converted its former
corporation,
common
and preference stock into single class of authorized common
Empire
are
Wash.
Contract
by
1947
per
AGENTS
stock
Hoquiam,
Trust
of
common
Prov.
common
part
from
of
amount
early
struction
the
to
which
by
the
through
Monday, November 24, 1947
by the Civilian Production Administration (later the Housing
Expediter)
requiring the
company,1 together
with other companies
manufacturing Douglas fir plywood, to produce 50% so-called '"con¬
in 32 equal quarter-annual instalments,
not later
instalment matur ng
the final
and
CHRONICLE
FINANCIAL
&
issued
$50,000.
Concurrently
loans
the
of
time.
$200,000 will be applied
tained from National Bunk of
(3)
1947,
COMMERCIAL
THE
(2104)
expenses
$3,175,963
1,762,534
from ry. oper.
1947—10 Mos.—1946
$2,603,165 $28,860,924 $24,978,970
1,687,139
17,303,958
16,379,913
$1,413,429
$916,026
$11,556,966
$8,599,057
taxes..
275,000
1,455,000
211,000
175,000
143,000
2,165,000
tax accruals.
income
Equip, rents (net Dr)_.
$927,429
168,587
$598,026
103,834
$7,678,966
1,618,291
(net Dr)_
905
8,194
47,188
income.
1685.
$757,937
$485,998
$6,013,487
Net
rev.
Federal
Other
income
ry.
Railway
Jt.
lac.
rents
Net ry.
*-V.
oper.
oper.
166, p.
1,713,000
1,420,000
,$5,724,C
1,271 7
61,S
$4,390,28a
Volume
166
THE
Number 4649
Kelsey-Hayes
W.
Co.—Annual Report—Geo.
Oct. 24, said in substance:
Wheel
Kennedy, President,
on
During the
year ended Aug. 31, 1947 the company sold the stock of
subsidiary and received £545,000 of blocked sterling. It sub¬
sequently converted approximately £415,000 of sterling into U. S. funds
in the amount of $1,176,121;
and the remaining £130,000 of blocked
sterling has recently been invested in British Railway stocks which
are scheduled
to be exchanged
for bonds of the British Government.
Kelsey-Hayes plans contemplate conversion of the remaining invest¬
into
U.
satisfactory
Lathan
Jan.
1,
the
as
Lathan
units
Canadian
conversion
such
made
be
can
on
Division
and
the
of
valves
Kelsey-Hayes Wheel
trailers
for
(80%
owned)
be
year
plant
a
completed before
During
the
the
year
located
another
Mich.,
Monroe,
at
Detroit,
$1,226,660;
(3)
notes
in
French
Division,
Hecht,
&
the
to
amount
of, $2,625,000,
Equitable
be
Life
the
Assurance
Davenport,
of
Iowa,
$7,500,000
United States by
bonds which
the
amortized
over
15-yeal1
a
YEARS
ENDED
sales
Of
AUG.
Operating
224,547
30,727,114
1,409,701
Provision
$Est.
for
Net
prior
for
dividends
tEarnings
income
162,500
4,964,456
taxes
*2,362,565
income
on
Fed.
taxes_
2,300,000
year
$3,314,456
*$62,565
681,611
558,519
$5.35
Nil
approved
or
class A
NOTES—Depreciation
costs
and
class
B
in
the
during the
amount
374,576
173,919
433,283
Operating
Non-oper.
charged to
of the Canadian
was
Equity in earnings
year.
f *noiar^ ^01 the year ended Aug. 31, 1947, expressed
to
$237,001.
A
dividend
curing the year and
is
of
$135,323
included
in
received
was
income.
The
lated
undistributed earnings of this
subsidiary
expressed at par, was $1,417,653.
BALANCE
SHEETS,
equity in the
Accounts
AUG.
finished
of
raw
goods
Prepaid taxes,
materials,
50
Cash surrender value
♦Investment
Investment
of
8,037,042
work
other
life
5,150,640
237,618
in
250,415
404,124
298,740
process,
expenses
325,085
of
Kelsey-Hayes Wheel
(England) 100 V
Capital
stock
of
Trade
goodwill,
name,
_L_
'
owned
Kelsey
80% owned
buildings, machinery
and
157,033
$54,495
$195,277
$211,528
estimated
Wheel
1 535 047
_
Co.,
equipment...
cents
both
to
Federal
for
166,
tax.—V.
income
/
lower
share
per
and
even
in
D.
of glass
of
LIABILITIES—
8,729,330
1
they
have
10
were
and
volume
1947
been
far
so
this
year
nearly
was
to
an
35%
it was reported
Federal
Reserve
lor
Preferred
now
level
average
only
above
18%
volume
of
business
this
has
year
been
outstanding capital stock."
The
and
still
company
plastic
166, p.
has
and
substantial backlogs
of
for both
orders
glass
but with high production is meeting urgent needs
industries dependent upon it, he reported.—
products
building
V.
other
1891.
Lockheed Aircraft Corp.—Public Relations Manager—
This
corporation
Guenther
LIABILITIES—
Bank
Nov.
on
Eastern
as
the
announced
17
Public
Relations
appointment
succeeding
Manager,
of John
Paul L.
Accrued
taxes
(other
interest and
Fed.
taxes
2,191,917
465,685
than
4,806,058
V.
workmen's
Operating
Reserves
for
231,948
108,857
100,000
insurance
V.
290^285
328,244
The
$21,549,046 $18,720,688
10,658,559
8,208,527
7,501,915
7,501,915
10,659,592
6,926,747
$32,861,792
accounts of $100,000 in 1947 and
He basls of cost or market whichever is lower.
2927ieCia
p
for
estimated
loss
on
conversion.
Oct.
the
An
18,
the
the
ana
directors
stocx
current
to
The
Slock
$3
Dec.
16,
share,
per
usual
quarterly
also
was
of
like
declaration
as
brings
extra
an
166,
was
the
compared
dividend
declared,
1947.—V.
amount
of
paid
total
Jan.
$1
per
this
per
2,
Sept.
1,537,122
2,401,443
1,003,972
1,185,059
1,218,913
2,040,350
1,356,130
$3,133,461
86,469
$2,719,406
100,429
123,280
$3,465,825
129,521
$2,623,228
$2,819,835
$3,256,741
$3,595,346
1,076,874
1,046,631
1,370,954
1,486,791
$1,546,354
$1,773,204
$1,885,787
$2,108,555
541,409
530,875
721,260
704,219
$1,004,945
$1,242,329
$1,164,527
$1,404,336
taxes
Operating
Other
income
income
Gross
*
$2,536,759
___
(net)
income
Income
deductions
____
income
Reservations
of
inc.
by
Period End. Sept. 30—
TNet
166,
1357.
p.
Cost- of sales
and selling
Profit
Other
exp
year
paid
1948
to
the
on
in
share
on
Electric
totaled
of
output
this
(Ky.)—Weekly Output—
week
compared
as
last
the week ended Nov. 15, 1947,
with 32,085,000 kwh. for the
for
company
kwh.,
40.698,000
corresponding
from opers
income
the
year,
an
increase of 26.8%.—V.
166, p.
1994.
McAleer
Manufacturing
Rochester,
Co.,
Mich.—Files
holders
of
On
Nov.
10
shares
1,000
letter
a
($1
par)
Chairman, to be sold
notification
of
common
filed
was
behalf
on
at market
McClanahan Oil
total
Great
of
C.
with
M.
the
Higbie
through brokers.—V.
Fed.,
,
Wise,
taxes
'
and
166,
SEC
of'
Wm.
Iiuniber'Co.
Net inc.
for
245,564
$3,482,986
804,247
1,231,895
$2,076,223
$10,701,317
336,729
to
Other
bef.
754,626
3,956,858
fl,080,863
$1,239,053
$6,407,731
$3,292 343
r
Crl94,231
Cr26,872
f
J 13,220
pfd. divs.
]
i
r
1
[15,515
J
[
on
$1,369,832
$1,210,319
185,227
divs.
to
Jr.,
p.
115,227
Net
prof,
shs.
Profit pbr
on
outstdg
share..
; tExclusive
December,
year
com.
of
stk.
$1,184,605
$6,601,962
91,042
for
$5,903,831
1,199,520
and
$0.91
174
$2,767 266
$3.94
{Includes
accrual
of
adjustment
Federal
income
of
1,199,520
$2.31
$752,500
Sales
&
statement
includes
income
of
taxes
wholly
for
owned
the
for¬
eign subsidiary, Kimberly-Clark Corp. of Canada, Ltd.—V.
166, p. 1052.
Corp.
above.—V.
166,
1481.
p.
quarterly
regular
dividend
of
20
15,
stock;
in
300%
Sept.
166,
p.
1,
20
cent's;
1685.
1947—4 Wks.—1946
discts.)
1947—40 Wks.—1946
$21,547,379 $16,378,419 $53,586,642 $38,899,915
(before
17,537,807
13,231,203
42,942,766
1,187,685
881,834
2,888,297
2,123,173
$2,821,885
profit
$2,265,382
$7,755,579
$5,176,696
31,600,046
112,417
48,715
299,868
153,105
$2,934,304
$2,314,0.97
$8,055,447
$5,329,801
573,960
511,351
1,448.512
1,265,007
114.781
exps.
&
Net
*336,839
286,952
*460,679
889.782
589,991
2,487,207
1,442,821
562
8,076
11,337
17,336
$867,840 +$3,821,439
long-
on
State
inc. taxes
earnings
$1,355,219
153,718
141,407
384,294
$2,143,958
345,400
$1,201,501
$726,433
+$3,437,145
$1,798,558
$1.70
$1.03
t$4.86
value
19
approved
common
a
shares
by-law
on
th?
issued
no
authorized
164, p.
par
per
stock
has
appointed
from
2,437,763
Assistant
Vice-President
1.
H.
in
the
directly
expense
redemption
$2.54
bonds
3'/8%
of $771,152 after
marketable securities
of
surplus.—V.
to
on
capital gain
166,
p.
1995.
directors
the
have
$1
of
of
$1.25
of
cents
25
per
per share
on
holders of record
share declared during
25
1947
2,
Jan.
total
a
in
dividend
year-end
dividend
payable
makes
with
a
quarterly
both
This
1947.
compared
declared
regular
stock,
cents
to
per
1946.
usual
quarterly dividend of $1.25 per share on the 5% con¬
first preferred stock
was
also declared, payable Dec. 31 to
holders
of
record
Dec.
11.—V.
166,
1892.
p.
Miners Transportation Co.—Earnings—•
3 Mos. End. Sept. 30
Total
inc.
gain
fr.
1946
1947
1945
1944
$96,808
$170,380
$267,465
10,875
39,435
103,223
62,871
'Dr377,503
revenues
Cr454,555
Drl,364
Cr279,278
$342,149
operations
$310,342
other profit
on
loss
transactions
Gen¬
charge
of
Vice-President in charge of drug and sundry
appointed to
the newly
created
position of Vice-
been
in
charge of coordination of drug sales and buying activities.
position,
Mr. Bander will, in
addition
to his other
responsible for conducting drug sales managers' training
and
sundries
schools.
He
will
also
be
responsible, in co¬
new
be
CONSOLIDATED
INCOME
ACCOUNT
FOR
YEARS
ENDED
JUNE
1947
of
1946
1945
$
$
30
1944
$
sales
Net bef. Fed. inc. taxes
inc.
§$366,623
taxes
$493,990
$101,859
tOl 18,549
128,713
40,672
77,626
§$248,079
for Fed.
$
sold
288,781,425 286,274,669
Net
profit
$365,277
$61,187
$264,523
*Includes $341,297 loss in connection with
refund of prior years' income
taxes
mated
back
provision of
before
Mid-Continent
sales
on
Cost
allowances
for
598,814
615,235
625,794
47,317,695
47,371,185
38,103,065
expenses
1,061,773
52,833,892
33,416,220 *29,864,871
Premium
*27,401,232
250,000
'
debentures-
paid
182,405
de¬
on
and
16,909,526
and
gen;
668,316
Miscellaneous
charges__
276,603
437,202
117,124
inc.__
6,015,905
10,394,313
12,593,060
13,102,446
9,694,558
8,586,157
4,742,640
expense——.
'••• 2,239,031
$8,822,949
Other
inc;
credits
600,000
600.000
560.5^7
tEsticarry¬
but
1256.
Subs.)—Earnings
1947—9 Mos.—1946
Leaseholds
47,643,727
$57,288,661
35,636,052
1,876,368
6,742.878
5,667,31G
<
$15,985,293
*144,626
*565,436
$5,724,852 $26;69'2,929
2,516
131,796
5,856,648
26,837,555
16,550,729
1,205,667
4,340,073
3,460,991
714,492
523,412
1,791,365
1,676,866
1,225,000
7,942,500
3,750,000
$2,902,569 $12,763,617
$7,662,872
surrendered
and abandoned---
—
^-
for Fed. and State
income
12,708,467
;
8,825,465
1,886,77a
(net)
before deprec.,
deplet., etc.—.
Deprec. and depletion—.
,
2,505,000
taxes
5,621,756
600.000
(&
p.
the
depreciation
145,030
on
Corp.
166,
aksets.
from
'
profit from sales.
Net
Prov.
bentures retired
§Loss.—V.
{After
$27,971,506 $20,309,687 $81,079,534
Income
contingencieson
460,687
resulting
1947—3 Mos.—1946
salesi-
of
Selling
46,284,704
54,090,131
income
Operating
46,702,460
___—.=
income
Total
51,772,119
53,491,317
credit
Petroleum
sale of fixed
Code.
Revenue
sales, less returns
admin,
profit
tax
Internal
Period End. Sept. 30—
and
259,875,622 233,664,203
the
provision for Federal taxes.
Gross
342,272,742 338,046,788*306,578.082*279,948,907
goods
Gross
Prov.
from
credited
include
Mengel Co.—Declares 25-Cent Year-End Div.—
and
Prov.
has
Other
unamortized
not
Bander, formerly
his
Cost
resulting
been
common
and
operation with the drug sales manager, for the development of general
sales plans, deals and other sales helps.
Net
tDoes
taxes,
has
(The)
{Net
Vice-President and
formerly
been
balance
1, 1946.
Merchants &
shares
from
1634.
Robbins, Inc.—New Appointments—•
Lipscomb, Jr.,
$201,486
June
11,
sh._
common
*Includes
income
com¬
shares
mon
Earns,
vertible
providing
for
earns,
two-for-one
a
common
common
pfd. stock
on
Net
1947,
Ltd.—Split-Up Voted—
Nov.
on
par
the
and
Manager,
taxes
Net
Preferred
Common
dividends
___
HMdcnris
____
Refinancing charges
2,691,880
4,037,820
„■
2,355,395
2,-187,348
959,887
•
Retain, in the business
Earnings per
of
\p-.tOU,Oo /.
com.
tion
with
the
share
{5,056,738
$5.39
5,294,277
>
1,787,245
$4.74
$2.46
,
1,913,924
.
t$2.75
accounting classification. tBefore special tax credits
OjL
ujjuOlui
iiU
CdiuLU
Sui.jJJ.Ud III COfllittC-
tJLaoiUuIv
O
acquisition of subsidiary companies during
the year.
•
$3,719,196
income
Earns,
profit
"•Reflects revised
above
Agreement Amended—
of
may
the
Minority interest
per
"'Includes
period
$2.00
share
$1.56
$6.87
net profit from sales ,of capital assets in
$17,425
and $304,131
$4.12
the 1947
in the1 '1946 period.
as
of Sept. 30, 1947, were $60,397,348 and
$16,708,882, including therein the...afpresaid
State income taxes.,
On, Dec, 31, 1946.
current assets were $49,788,236 and current liabilities were ${3,241,579.
On Oct. 16," 1947, the directors declared a. dividend of, $2 per ..sharo
on the capital stock payable Dec.
1,, 1947, to holders of record Nov. 1,
1947.—V. 166, p. 951.
NOTE—Current
assets
liabilities
were.
current
in
1945.
NOTE—The
(less
debt
The
460,908
1,499,520
$0.79
excess
$25,000
next,
agreement
cents extra.—V.
40
income
term
the
Federal
'$3,228
698,130
1,499,520
interplant sales,
1945,
$1,095,092
no
increases
1,800,000
Chales T.
Net
Com.
July
plus
Depreciation
Board
1581.
drug sales.
Interest
pfd.
Stock
the
4,975,526 shares.—V.
Special
Starj
J
which
income
Gross
Net
341 675
Cr4,681
of
action
900,000
$4,714,881
S'2,544
Bonifas]
Timber Co
Prov,
$9,897,070
80,764
(est.)-__!
North
of
$1,830,658
6,677,917
899.962
'
Loss
7,596,8i3
$1,365,151
J
cents;
cents,
sales
Operating
for
Co.—Acquisition—
Chemical
shareholders
common
subdivision
schools
Can.
(est.)
Net 'income
Loss
1,568,466
Lakes
McColl-Frontcnac Oil Co.,
The
duties,
$2,345,877
.Bond int. and other int.
50
20
depreciation)
The
In
Subs.)—Earnings—
122,182
inepme
bank loan
repurchase
declared
Selling and admin, exps,
Dec.
See
record
$85,050,021 $61,539,264
67,556,138
51,376',360
$2,223,695
of
Mead Corp.—Earnings—
of
which
with SEC—
eral
preferred
1947—12 Mos.—1946
(net)
treasury
have
1,
2,
sales
retired
common
1946.
1947—3 Mos.—1946
1,818,618
the
Period End. Oct. 5—
Divs.
Louisville Gas & Electric Co.
McKesson
$22,229,458 $16,846,044
18,187,145
13,446,919
sales
Gen.
June
Fed.
Balance of net income
—V.
last.
2,
(Including wholly owned foreign subsidiaries)
,i
in
(The)
1,811,951
sales,
(&
the company's
provide for the
directors
Dec.
Income
This
of
1789.
Corp.
15,
101 and interest.
Maryland, trustee,
1961, at
Co.
share and an extra dividend of 10 cents per share on the
stock, both payable Dec. 1 to holders of record Nov. 21. This
brings the total paid or payable In 1947 to 90 cents per share.
In
1946, the company made the following payments: March 1, 35
Operating taxes
President
Kimberly-Clark
Dec.
on
Trust
per
Cost
basis.
dividend
on
with "31.50
$ 1.12Vi
payable
p.
redemption
Union
common
2,064,191
JAfter
quarterly dividend of 25 cents per share on
both payable Dec. 1 to holders of record
Nov. 20.
stock,
®xtra distribution
for
the
at
May McEwen Kaiser Co.—Extra Dividend—
The
2,055,033
reserve
regular
common
The
declared
3
to
held
cents
1,548,304
1 01 $4'324'176 in 1947 and $3,939,677 in 1946.—V. 165,
Nov.
called
made
dated May 15 was
any of the
12,628 common
hereafter be sold to executives
for cash pursuant to any stock purchase plan offered to executives,
provided the aggregate amount expended does not exceed $180,000. In
its letter to the First National Bank of Chicago the company noted its
desire to create a plan making the treasury stock availabie for purchase
by certain executives. It explained that stock .purchases under any plan
will be for cash, payable at the time of
purchase,,.or on an install¬
ment basis within a period of five years.—V. 166, p. 1482.
shares
1,539,017
$55,000
§ After
Kendall Co.—Declares
$1 Extra Dividend—
On
be
Mandel Brothers, Inc.—Credit
Depreciation
for
snare
will
amended
Net
$23,467,284
*,AofLer rS5frv?1 foi* tloubtful
$164,046
has
sinking fund debentures due April 15,
share
f
Y.—Registers with SEC—
filed
13
shares
Baltimore, Md.—V. 163, p. 3139.
1,585,665
Total
of
Nov.
on
150,000
company
5%
Payment
2,081,637
328,244
SrnS SUrp!us
Earned surplus
reserve
$3,583,361.—•
166, p. 1995.
1,095,717
___
60,000
290,285
(par Va,ue $1)-
,°C
of
Mading Drug Stores Co.—Partial Redemption—
6,101,898
1,100,000
s?oc!t <par value $1>
1
amortization
and
a
registration statement
with the
(no
pan
common stock.
Underwriters,
Haydcn, Stone & Co. and Adamex Securities Corp., both of New. York,
rroceeds will be used to repay bank loans ar.d lor working capital.—
company
covering
1,567,945
150,545
841,997
contingencies
S!ooS
£I«if
depreciation
Mack Trucks, Inc., N.
The
SEC
7,975,011
expenses
110 551
214.653
1,854,123
compensation
$105,721,648 $92,153,102
;
for
reserve
166, p. 1995.
1947—12 Mos.—1946
$16,434,655 $14,187,506
Operating revenues
278,079
135,346
withheld from
payrolls
Pedera! taxes on income
Dividends payable Oct. 1
for
15,000,000
30,283,650
578,147
354,187
inc.)
cn
expenses
"laxes
Reserves
15,000,000
30,283,650
shares)
par
value $18 per share)
16,076,633
Maintenance
$3,000,000
3,225,814
other
no
2,000,000
20,026,707'
and
1947—9 Mos.—1946
$7,500,000
notes payable
payable—trade
payrolls
Accrued
(150,000
(par
150,000
7,421,756
Earned surplus
cents;
Long Island Lighting Co.—Earnings—
Period End. Sept. 30—
order of P.S.C.
bonds
serial
Accrued
150,000
9,133,0 . 8
income
on
4,806,840
Int.
Accounts
stock
stock
3,355,094
3,484,743
2,000,000
taxes
Capital surplus
of
reflected in peak
factory employment," declared Mr. Biggers. "Payrolls will exceed $34,000,000 and taxes paid to Federal and local governments will aggre¬
gate more than $11,000,000. Dollar taxes amount to about $4.30 a share
on
other
contingencies
by
the same period
over
despite substantial advances in cost of
nearly double what they were 10 years
ago,
rates
about
were
held
years
wage
1
$32,861,792 $23,467,284
sinking fund
12,33O,6J0 $13,059,911
for
On
"The
Net
Total
First mortage
$8,000,000
salaries,
commissions, taxes and
accrued liabilities, etc
Dividend payable on $4 preferred stock
continued at a high level during October despite
10 months of
Prices
year.
sales
ash supply and other shortages,
President.
soda
Biggers,
materials
that
1
1,895,161
earnings slightly greater than in good prewar years.
limitations
what
record Nov. 28. This
shareholders in 1947,
1946 when the com¬
heavier demand for con¬
to
payment
$1.25
1
etc
names,
Notes payable to banks
Accounts payable
stockholders of
to
total
of
earnings
postwar
announced
and
Production
last
10
the
quarterly dividend of
distribution of $1 per
year-end
4,770,267
$105,721,648 $92,153,102
*After
needs.
was
John
Dec.
distribution
usual
the
additional
an
share
per
a
declared
18
and
payable
$3
to
had
Nov.
on
share
per
compared
319,036
15,913,335
rights
patent
trade
Total
Ltd.
319,036
and
provision
463,425
716,977
790,451
Ltd.
Co.
(Canada)
_
SLand,
304^261
363,974
insurance
policies.
British Railway stocks at cost.
Foreign Subsidiary Cos. At Cost:
in
in
Capital stock
120,575
$169,390
Inc.-
gross
directors
share,
brings
4,136,522
production
insurance and
116,467
$29,904
from
$365,791
170,514
$289,965
$146,371
_____
income
The
$2,743,293
supplies..
current
7,449
1946
$1,732,795
5,528,783
and
tooling for
6,314
Bradley, who is resigning to become Vice-President of John B. Walker
&
Associates,
international
public
relations
organization.—V.
166,
p. 1481.
31
hand
on
receivable
Tlnventories
fapcc;a,l
deposit and
5,202
$357,697
8,094
$204,079
1946
.
*6,806,206
1,508,389
etc.
Total
260,506
502,507
Libbey-Owens-Ford Glass Co.—Extra Dividend—
accumu¬
1947
demand
on
255,450
563,752
Goodwill, trademarks,
1356.
p.
at par, amounted
this subsidiary
from date of acquisition,
advances
2,102,680
240,971
$283,651
(net)
income
including
from
ASSETS—
Cash
2,514,579
301,527
$141,169
income
income
Gross
Net
(net)
503,139
and
Reserve
of
$809,312
receivable
assets
Wages,
shares.
of
accounts
(at the lower of cost or mkt.)
refundable portion of Fed. taxes on int.__
Est.
Other
30
$12,384,210 $11,291,475
22,360,283
23,306,414
50,515,342
60,200,167
140,171
hand and in transit
on
buildings, machinery,
Deferred charges
ago.
1,650,000
income
tArising from loss
profits credit carryback provisions.
excess
production
Fed.
share
tOn combined
unused
for
year
the
paid
per
*Loss.
and
of
income
Cash
333,077
provision
Federal .taxes
refund
*$2,525,065
$4,631,378
(net)
before
pre¬
1947—12 Mos.—1946
$3,763,663
$3,540,085
193,559
182,090
It
2,014,200
expenses
income
income
Income
the
on
(& Subs.)—Earnings—
1,909,074
double
1946
56,478,550
administrative
Notes and
Investments
1947—9 Mos.—1946
expenses
Sales in the
Other
share
per
Depreciation
$29,611,750
sales
and
cents
25
Maintenance
31
$63,124,128
general,
of
$2,831,456
revenues
struction
Cost
dividend
declared, payable Jan. 2, 1948 to holders of record
$2,636,924
1,552,512
pany
period.
1947
Selling,
also
Kings County Lighting Co.
Detroit and
at
borrowed
company
Society
EARNINGS STATEMENT FOR
Net
quarterly
was
15, 1947.—V. 165, p. 211.
Deduc.
JUNE
SHEET,
1947
banks,
Merchandise inv.
usual
Operating
Operating
to
The
in
Land,
the
for
issuing to them 15-year first mortgage sinking fund 3 Vi %
are
Dec.
following
the increase in the
(2i foundry facilities
$7,965,079
provide funds to pay for part of the cost of this ex¬
pansion program and to liquidate the balance of long-term bank serial
from
issue.
The
BALANCE
ASSETS—
Cash
Common
invested
(4) machinery and equipment for plants
Jackson, $2,162,340.
order
CONSOLIDATED
was
$986,379, and
In
this
ferred stock
13.
(2105)
cents per share
25
year.
company
additional manufacturing facilities required for
business: (1> Plant at Monroe, Mich., $3,589,700;
at
dividend of
a
stock,
*Taxes
Operations
consolidated.
not
are
and manufactures
of the
Co.
trucks.
and
CHRONICLE
payable Dec. 15 to holders of record Nov. 29.
Previously, the company paid quarterly dividends of 20 cents each on
a
purchased
Irom the Government for
$2,450,000.
Before this plant could be put
into operation, it
was
necessary to enlarge the power plant and to
make certain alerations to the buildings.
Other machinery and equip¬
ment are now being
transferred to the Monroe plant in addition to
what has already been transferred, but it is not
expected these moves
will
the directors declared
12,
common
Period End. Sept. 30—
subsidiary
During
whenever
Inc., South San Francisco, Calif., was acquired as of
for approximately $315,000.
This plant is now operated
1947,
brake
funds
S.
Nov.
the
on
basis.
Co.,
FINANCIAL
&
King-Seeley Corp.—Dividend Rate Increased—
On
its English
ment
COMMERCIAL
reserve
for
1947" Federal ,£(nd
14
(2106)
THE
Mid-Continent Airlines, Inc.—Earningssi
Period End. Sept. 30—
before
taxes
$81,293
Federal income tax
Net
Earnings
56,715
is
$43,876
$87,573
$0.23
$0.61
month, and is
a
over
Other
accounts.
plant since the
ceivable.—V. 166, p.
September last year.
The
conservative
Revenue
1947
carried
miles
passenger
load
28
Nov.
rescinded.—V.
to
Prov.
7,172,379
64.60%
and
freight
tons
express
and
freight
ton
to
share has been declared
per
holders
on
the
stock
since
Dec.
10,
1946,
50
record Nov. 28. This is the second pay¬
two-for-one stock split-up early last year.
cents
paid.—V.
was
166,
1357.
p.
1995.
Fed.,
state
of
Premium
from
tax
$3,815,582
$3,147,192
1,602,541
2,199,543
147,300
Maintenance
165,493
100,097
127,919
Consol.
RR.—Bondholders'
Protective
Com¬
220,898
128,899
189,410
169,701
286,210
80,135
Cr23,135
income
250,989
$112,474
$99,148
net
income—based
on
on
strikes
by
in
work
the
2,237
1,939
$252,411
$101,385
$298,746
120,793
164,854
160,877
$131,618
t$63,469
$137,869
(net)
>
mittee—Approved by Commission—
On
M.
Gross
Oct.
Y.),
and
the
31,
Bogie
N.
Interstate
Commerce
Commission
authorized
Moid
Paul
of Schroder Rockefeller & Co., Inc., New York,
Brundage (of Chicago), Leo J. Sheridan (of Chicagoi
Kling (President of Kling Bros. Engineering Works, Chi¬
E.
to
5'/4 %
secured
function
as
protective
a
committee
holders
the
for
of
serial
Gladson
A.
Guy
Shaw)
and
William
attorneys.—V.
as
166,
Monsanto Chemical
In
his
quarterly
man
of
this
period
the
to
stated
Federal
of
as
increased
The
Sept.
number
stock
redeemd.
been
of
the
but
tax
the
of
share.
Texas
to
City.
Sept.
Earnings
30,
the
at
Holders
1947,
also
aid
amounting
against
insurance
recovery.
$7,232,543 for the year ending April
with
insurance
companies,
Reconstruction
ceeding
of
the
but
Texas
the
shares
of
two
30
had
shares
for
compensate
in
the
for
part
CONSOLIDATED
into
Net
Of
goods
&
admin,
increased
as
a
result
15,
1948,
has
the
the
the
Research
always
alphabetical
alphabetical
ACCOUNT,
YEARS
made.
is
pro¬
the
fourth-quarter,
will
subsidiary
39
Net
to
$1,136,522
$73,387,559 $63,334,803
4.9,888,539
54,440,683
8,824,489
6,313,254
The
of
$447,754;
Oil
SHEET,
United
Well
States
SEPT.
1947
30,
%%
America
of
certifi¬
notes
Engineering Co.,
stock
common
interest)—
(50%
Ltd.
Fretz-Moon
of
Tube
(50%
Inc.
Co.,
income
taxes
$698,146
199,365
$897,511
12,653
229,268
SHEET,
$655,590
477,173
139,174
JULY
ASSETS—
31
1947
Cash
Government
securities—at
invents,
Paper stock,
(at
supplies
lower of
and
National
The
Trade
Mo.,
insurance
prepaid
at
which
and
(par
$11,942,180; capital surplus,
$82,256,263.—V.
166,
total,
Sept.
At
it
National Union Mortgage
due 1954, if obtainable
series
A
there
1947,
30,
approximately
available
has
purchase
to
bonds,
trust
outstanding
were
bonds.
said
bonds
received by the
Maryland Trust Co., agent. Calvert and Redwood St.s., - Baltimore, Md.,
not later than 5 p.m.. Dec. 22. 1947.
Notice of acceptance or rejection
w511 be mailed not later than Dec. 24.
1847, and it is expected tliat
which
of
of
tenders
date
will
accrued
rielajed
made
be
the
on
part
1947,
31,
Dec.
will cease
the holder
of
be
to
than
later
not
intsryst
coupon
delivery
requested
are
after
the
event
in
thereon
thereof.
National
44,850
16,000
22,000
117,622
83,039
53,629
555,300
1
1
1
For
of
Corp.—Tenders Sought—
Mortgage
Union
names
Goodwill
$6,176,499
608,587
204,580
410,440
125,925
136,378
60,736
above.—V.
Corp.
70,800
p.
Association
Nov.
14,
the
is
an
increase
Tnis
kwh.
13,364.276
oi
165,
3055.
Electric Association—Output—•
reports
10.22%
or
week
corresponding
the
output
electric
kwh.,
1,366,428
of
for
a
ago.
This
of
ended
kwh.
production
Gas
for the
output
is
increase
an
150,651,000
63,965
49,763
year
$6,160,480
$8,000
§638,199
week
the
14.730,704
above
61,948
555,300
expenses
1,587,169
National
See
New England Gas &
Mo
Total
Union
68,336
;
trade
used
be
prices.
said
of
tenders
that
announces
may
collateral
satisfactory
plant
1
marks
list
ten-year preference stock
$10),
(par
$15,089,003;
Corp., Baltimore, Md.—Asks for Ten¬
251,835
40,250
and
mailing
Union
20-year
$2,401,050
2,532,521
340,228
___
fixtures
and
surplus,
corporation
Corp.
560,442
2,152,336
mkt.)
balance)
building at St. Joseph,
furniture
1,400,732
760,300
or
stock
common
cus¬
stamps
Prepaid catalog costs
Rental—parch. dep. on Kansas City,
and
in
41,873
cost
postage
$579,427
1,014,272
par
receivable—trade, and equity
installemen# accounts' "sold
tomers'
Merchandise
and accrued interest
tax notes
(par $100), $16,650,000; $2
earned
successful
1946
$1,079,686
S.
Treasury
ders of Stock—
$500,000
$709,032
BALANCE
for
reserve
States
1358.
p.
435,728
,
_■
CONSOLIDATED
U.
stock
$9,609,880;
Sealed
paid
United
$5,282,478; accrued taxes, wages,
Federal, state and foreign taxes
payable,
$2,774,136;
(less
$1,197,037;
40,388
Federal
etc.,
income
$40),
31
$1,114,798
profit
Dividends
4,500,991
expenses
BALANCE
$4,000,000;
cost, $447,000; advances to employees, $47,410; deferred
notes, deposits, etc. (at not more than cost), $880,894; land, buildings,
ferred
JULY
1946
46,231,007
11,846,904
1947 and
30,
$1,079,890 respectively.
and
$12,261,334;
LIABILITIES—Accounts
70,350
for
[Customers'
1944
stock
cost,
on
$1,185,148
Unexpired
1945
However,
"carry-back"
the
interest)—at
13,781,952
deductions
[Equipment,
companies)
1946
shortages occasioned by
the resulting losses
provisions of tho
material
through
$14,480,038
profit
(unamortized
SEPT.
and
industries.
coal
charges for the nine months ended Sept.
indebtedness,
interest,
19,355,944
exps.
Total
costs."
ENDED
573,0)8
559,074
amounting to $2,382,052), $2,720,835; 2%i%
debentures due June 1,
1967, $15,000,000;
reserves
for
insurance, service and
adjustments,
$790,715; reserves for contingencies, $1,200,000; 4t'a%- cumulative pre¬
ENDED
income
Other
filed
were
been
yet
continued,
72,887,648
expenses
INCOME
sell., eper., admin, and other
Operating
Other
destruc¬
continuing
recently
not
report
of
MONTHS
9
at
not
of
recovery
of
contain
$105,829,063 $69,212,831
sold
is
$20,470,742
$863,384. nor income taxes
Use and occupancy claims
commencement
American
sales
Cost
it
sales
Provision
any
third-quarter was impaired by rapidly
losses in new plants, and by loss of In¬
1947
Sell.
reasons
1947
Net
Cost of sales,
the
STATEMENT,
(Inch
mechanical
National Bellas Hess, Inc.—Annual Report—
[Land
INCOME
1358.
p.
to arrange
companies in exact
However, they are always as near
position as possible.
preference
them
costs, 'starting up'
resulting from the destruction of the Texas City' plant,"
the
report concluded. "We anticipate that adjusted selling prices, which
at
were
$2,129,571
833,536
stock—
and accounts receivable (after
reserve for doubtful notes and accounts
of $909,228), $13,176,135; in¬
ventories of resale merchandise, finished goods, work in process, raw
materials
and
supplies
(after
reserve
of
$1,859,277),
$29,901,080;
of
additional
converted
include
settlement
City plant,
mounting
effective
166,
possible
$3.25
of
come
became
[Deficit.—V.
order.
"Accounts
satisfactorily.
operating result
"Our
Federal income taxes
no
$6,560,935
562,950
stock
first nine months of 1946 were adversely
for the
part
ASSETS—Cash,
of
invent.—
book
on
,
etc. (after reserves for depreciation and amortization of
$18,922,835), $20,664,108; deferred charges, $430,548; total, $82,256,263.
for
on
725,000
167,638
£>rl34,250
loans
machinery,
that
4,231.497
September
rate
of
not
to
chargeable
.for
1945.
year
forward,
preference
to
based
were
120.000
voluntarily
the report said.
Queeny said
tire
earnings did
not
profits under Use and Occupancy Insurance
at
the
carried
NOTE—-For
Chair¬
companies
cumulative
ending
Mr.
expenses
for
losses
$1,404,571
,
laws.
amounted
cates
outstanding.
allowed
was
Queeny,
common,
tion
accrued
Strawn
announced
increased
share
quarter
redemption,
M.
also
been
per
461
the
Edgar
company's
had
shares
all
preference
for
Winston,
(of
consolidated
Queeny
earnings
during
Conversion
called
not
of
Mr.
of
common
that
called
each
for
common
shares,
sales
shares
The
30.
stated
report
preference
stockholders,
$105,829,063.
were
Mulligan
"Due to taxable
$6,527,547
preferred
4'/2%
and
in
Depreciation
1946,
capital
income
1995.
p.
that
through further redemption
■stock, outstanding common
shares
deductions
Co.—Quarterly Report—
message
board,
C.
Net
the
gold bonds, of which there are presently out¬
standing in the hands of the public $.11,245,000 principal amount.
Mr. Bogie will act as Chairman of the committee, and J. Laurence
Barasa, of 38 So. Dearborn St., Chicago, 111., will act as Secretary,
with
Income
(President
Avery
cago)
<&
income
deds.
&
provisions
$2 ten-year pref.
stoppages
steel
recovered
were
$296,807
1,447
$114,052
124,831
___
$250,964
1,578
t$10,829
income
895,000
inc.
79,735
Other
4,100,000
on
retirem't of installment bank
declared
172,818
Operating
taxes
—
inc.
taxes
prior year's income taxes
on
affected
$2,352,046
2,283,250
taxes
3,300
(estim.)
NOTES—Operations
$2,910,034
.
Operating
Pacific
200,118
390,652
and expense
"cany-back"
laws
CONSOLIDATED
Missouri
231,880
232,240
and foreign
Dividends declared
3,066,227
217,431
"Income
262,393
annuities
debt
income—before extraord.
resulting
Dividends
1947—12 Mos.—1946
1947—9 Mos.—1946
retirement
long-term
Federal
Refund
stock,
the common
on
Depreciation
77
25,047
for
of
of
the
Operating revenues
' Operating expenses
74.93%
-
146
44,337
miles
$1
Period End. Sept. 30—
23,817
9,572.527
factor
express
156, p.
99.83%
27,891
Mail,
of
15
$2,731,570
166,
Nassau & Suffolk Lighting Co.—-Earnings—
8,348,651
flown
Mail,
—V.
1946
12,923,248
flown
miles
passenger
Passenger
has "been
plan
for
for
on
Con,sol.
follows:
as
98.92%
passengers
Revenue
ment
On
are
September—
efficiency
Capacity
sharing
called
Credit
policies.
operating statistics
Operating
stockholders
the
1582.
dividend
$2,340,918
$11,125,480
Amortization of debenture discount
Munsingwear, Inc.—Declares $1 Dividend—
A
60,458,183
10,256,055
$10,495,271
630,210
income
Interest
expenses
payable Dec.
75,981,282
11,044,015
purchased goods
selling and administrative exps.
Total
meeting
of
proposed profit
a
1947
1946
»
$97,520,568 $73,055,156
and
disaster
1357.
special
consider
were
25%
greater in September,
1947, than
1946, reflecting the effect of expanded operations and
greatly advanced costs of labor, materials and
services.
However,
a drop of about ,6%
in the cost per mile, reflects the greater efficiency
resulting from expanded operations and the effect of the company's
Month of
the
(& Subs.)—Earnings—
Balance
aggregating $863,384 applicable to
are
carried in accounts re¬
expenses
of
Provision
September,
Other
date
of manufactured
Merchandising,
Motorola, Inc.—Rescinds Special Meeting—
p.
Operating
Recoverable
the
low.
in
Cost
the
•
The increase
over last year
resulted, to a large extent, from an increase of 16% in
passenger miles.
The passenger load factor dropped from 74.93%
in
Sept., 1946, to 64.60% in Sept., 1947, due to the operation of over 35%
more revenue miles this
year, of which a considerable portion was on
new
route segments on which the volume of traffic is still relatively
a
National Supply Co.
Nine Months Ended Sept, 30—
sales to customers
Net
company also carries use and occupancy insurance covering the
loss of profits from the Texas
City plant for a period of 12 months.
Claims have been filed with the insurance
companies,' but settlement
has not as yet been made nor has
any accrual thereof been made in
high of $562,905 in September
total revenue for
the preceding
the
increase
25%
The
new
above
Monday, November 24, 1947
segregated
in rebuilding the
plant.
The insurance carried is sufficient to
the book value of the assets
destroyed.
cover
$235,903
reached
slightly
provided have been
for use
178,485
$47,965
revenues
This
Stated
share
per
Operating
1947.
CHRONICLE
A payment of $3,500,000 on account has been received from the
insurance company, and the funds so
$414,393
33,332
taxes
after
$144,288
Not
FINANCIAL
&
justed.
1947—9 Mos.—1946
1947—Month—1946
Net
COMMERCIAL
of
36.397,000
ft.
cu.
week
14
Nov.
ft.,
cu.
or
corresponding
the
for
187,048,000 cu. ft.
24.16%
above production
reported
is
at
week
year
a
ago.
Asks to Negotiate Bond Sale—
LIABILITIES—
Net profit
from
$21,094,511 $10,499,803 $12,133,623 $10,965,636
1,081,967
1,605,092
823,327
630,256
opers.
Other income
Note
Due
Gross
income
Income
inc.
$22,176,478 $12,104,895 $12,956,950 $10,595,892
charges
Normal
961.074
taxes
Exc.
profits taxes
income
542,754
SI,345.949
292,727
§1,206,174
applic.
8,160,779
for
159,258
Texas
other
89,702
55,931
other
City
refunds
payrolls,
The
liability)-
company
and
employees'
unfilled
orders.
settlements
tax
property,
State
income,
taxes
due
within
stock
on
and
Net
relief
inc.
transf.
earned
Earnings
J After
$803,000
500,000
$12,395,367
„_
com. share
deducting
in
1945
2,385,641
surplus
1,447,485
1,446,585
surplus
$1 per share)
1,255,945
1,024,086
to
surplus
per
2,385,866
Paid-in
Earned
employee
and
$6,987,663
$4,101,205
credit
$2.71
$860,000
in
Total
$3,574,156
$1.63
$2.32
$2.79
post-war
of
1944
$702,715.
aliocated
SAfter
to
deducting
Government
NOTE—The provision for
depreciation, amortization
for the nine months amounted to
$3,937,203 in 1S47,
and
fees.
obsolescence
$2,932,665 in 1946
-$9,015,241 in 1945, and $3,979,216 in 1944.
$6,176,499
;
"After
in
[After
doubtful* accounts of
for
reserves
1946.
for
$48,310
in
1947
$6,160,480
1946.
[After
$36,669
in
The
said
rising
of
exemption.
proceeds
three
the
the com¬
bonds to
an exemption from
$5,225,000 of 20-year
for
of
was "so very tavorable in this
uncertain markets
and increasing
action was desired on the request
commitment
interest
rates,
that
early
would
used
be
'
.
acquire
to
additional
stock
common
subsidiaries.
Association
The
sale
tho
.
The
of
in
registration"
of
costs
the SEC
asked
rule
companies.
company
period
has
with
commitment
a
the
insurance
companies
purchase the new 3 V4 %
bonds at par.
The sale is conditioned
delivery before- Jan. 15. 1948.
The subsidiaries will use
the proceeds from stock
sales to retire
dent either in the form of bonds, notes or bank loans.—V. 166, p. 1996.
to
upon
for
.
1946.
Mexico Ry.—To Pay Bonds-
New Orleans, Texas &
depreciation of $22,000 in
reserves
bidding
insurance
and $13,819
1947 and $16,000
depreciation of $46,048 in 1947 and
§Including $459,425
for
merchandise
in transit.
[Acquired in 1932 for $499,994
($55,306
revision costs capitalized;
subsequent expenditures charged to operations).—V. .166, p. 1996.
in
serves
has
company
petitive
two
for
participation
year)
a
Capital stock (par
franchise
;
-.
taxes
$14,000
&
_i
employees for
(not
39,944
subsidiary
for
expenses
Accrued
Due
mill, interest
Prov.
4,553,252
to
(a
payable
customers
Accrued
$6,482,890
(est.)
Net
474.279
6,911,111
(est.)
payable
Accounts
trustee of the company's properties, has been
authorized
by
the U. 8.
District Court, Eastern Division, Eastern
Judicial District of Missouri, to pay and retire at Dec. 1,
1947, all
of the non-cumulativie income bonds issued and now outstanding, and
Guy
Thompson,
A.
satisfaction thereof the principal amount of each
with interest accrued and unpaid thereon from
1, 1947 at the rate of 5% per annum.
Payment will be made at the office of J. P. Morgan & Co., Incor*
porated, paying agent, 23 Wall St., New York.—V. 166, p, 1996.
to
COMPARATIVE
CONSOLIDATED
[Excluding British
and
Australian
BALANCE
SHEETS
ASSETS—
Cash
Receivables,
less
Cash
•
Investments
for
and
special
Patents
and
14,303,805
Prov.
17,984,778
General
2,008,275
Federal
income
assets
2,908,729
for
92,373,344
Net
1
i
Other
1,656.109
186,555,818
LIABILITIES—
Net
estimated
$
income
tax
liability
payable to foreign banks
Accounts payable and accruals
Preference
dividend
428,668
357,460
9 870 438
.H
payable
returnable
'166,389
containers
debentures,
Reserves
for
Nov.
aue
1,
1971
stock
30.000,000
45,375,302
*2,54o!774
5,867,923
1,072,759
5,327,400
*10,239,300
in
(par
2,00s',275
30.000,000
31,682 200
21,157.485
19,019,455
Pensions reserves
Common
908,595
5',677',385
deproc., amortiz., and obsolescence
Minority interests
Preference. Stock
subsidiary companies
$5)
1,024,019
Paid-in
surplus
25,936,544
6,694,274
Earned
surplus
27,322,737
21,017,618
186,555,818
171,553,139
Total
■"Outstanding at Sept. 30, 1947. 102,393 shares of Series A, convertible
with $3.25 cumulative dividend, at $100 a share.
(no par)
NOTE—On
16,
1947,
the
stroyed and rehabilitation is in
plant
at
progress.
Net
capital
$363,959
64,545
Texas
City
was
A claim has
thereto
54,409
$596,394
$331,418
$1.18
$0.74
largely
been
filed
have
not
been
have
declared
—V.
166,
and
5 %
in
stock.—V.
166,
de¬
with
ad¬
one
to
receive bids
will
Company
additional
Cooker
Nov.
on
14
in favor 'of a two-for-one
distributed in the form of a
voted
Hartford RR.—Bids—
Operating
taxes
shares
rities
tion
of
from
stock
the
be
500,000
to
were
and
met.
announced
Exchange Commission and various secu¬
The date of the stock dividend distribu¬
later.—V.
National Tea Co.,
Net
income
Federal
before
166,
p.
1893.
income
taxes
1946
$3,517,105
taxes
profit
166,
per
p.
common
1996.
share.
12 Mos.—1946
$
'$
'
)
61,354,404 252,492,458 223 039,347
13,031,622
54,443,435 "57,269,625
39,481.505
45.124,408
612,994 Dr5,336,045
4,245,420
39,788,363
3,113,186
7,684.326
35,849,079
36,675,177
8,426,000
33,704,000
[2,107,414
income
Dividends
40,094,499
615,054
6,318,586
deductions
8,299,380
1,429,902
Total'income
,Drl41,954
7,748,488
(net)
8,441,334
359,631
8,426,000
income
7,388,857
income
operating
1,355,000
1,270;000
$1,877,556
$3.28
$2.87
Balance
surplus
"Includes
Net
1947-
82,827,360 346,417,398 325 433,380
[741,674
2,145,079
33,704,000
$3,147,556
$2,162,105
___.
Other
Net
1947
income
Net
Interest
Chicago—Earnings—
Federal
-3 Mos—1S46
88,820,052
69,395,509
12,035,686
revenues——
1,000,GOO.
special meeting of the shareholders, it was announced
split would become effective as soon as the require¬
Securities
exchanges
will
be
The
Following the
the
to
Co.—Income Statement
1947
expenses
ments
the sale of^ $2,200,00C
166, p. 1893.
25 for
$
Operating
that
to Nov.
stock
approved plan provides for an increase in the authorized
capitalization from $1,000,000 to $2,000,000 and in the number of com¬
mon
up
York Telephone
Period End. Sept. 30—
Operating
dividend.
share
Co.—Split Voted—
stock
one
cents
10
952.
p.
trust certificates.—V.
15-year equipment
New
stockholders
split,
of
both
stock,
1893.
p.
National Pressure
The
dividend
additional'
an
dividend of 10 cents per share on
payable Dec. 15 to holders of record Dec. 1.
Similar -payments were made on March 25, June 16 and Sept. 15, this
year, and on Jan. 5, 1947 a special of 20 cents was paid.
In
1947, the company disbursed a total of 60 cents per share in
usual quarterly
the
and
86,950
$526,389
Co., Inc.—10-Cent Extra Div.—
Auction
directors
$418,368
70,005
income
—V.
relating
the
Earnings per share
finally
accounts
76,800
taxes
The
cash
Earnings
the
share
deductions
the insurance company
covering the loss from property damage, but
agreement has not been reached as to the amount to be recovered.
As
the book value of the
property and inventory destroyed has not been
determined,
per
—
40 Weeks Ended Oct. 4—
April
143.887
amortiz.—
income
Dec.
to
New York
89,1-91
335,794
146,799
$531,849
and
343,835
101,300
depletion
514,836
1,126,152
_____
2.65%
retirements,
operating income
(net)
Income
1935
New York New Haven &
587.797
11 704 052
_
1,
430,224
$
480,622
Notes
Deposits for
Advances
171,553,139
Oct.
1,055,976
inccme
Gross
Total
pay in complete
such bond,
together
110,481
724,374
processes
Deferred charges
;
1
2,875,274
117,830,063
Other expenses
Maintenance
1946
$2,495,832
515,118
1,152,457
Purchased gas
taxes
purposes
miscellaneous
Property
.
32,286,973
25,291,279
reserves
1—„
restricted
8,996,315
4,106,394
16.794,079
„
1947
$2,901,839
revenues
expenses:
5,324.158
cost
Inventories
Operating
Operation
s
12,645,006
_____
securities—at
(& Subs.)—Earnings—
Nine Months Ended Sept. 30—
Sept. 30, '47 Dec. 31, '46
$
Government
National Gas & Electric Corp.
Subsidiary Companies!
reason
of
recurring
the
effect
premiums
items.
of
paid
Other
sotting such tax reduction.
reduction
on
debt
income
in
Federal
redemptoin
was
charged
[Deficit.—V.
166, p.
excess
and
1893.
2,971,177
tax by
spec'al ntm*
amount off*
profits
other
with
-
an
-■•-j
-;«v —
^
Volume 166
Number 4649
THE
,,Newmont Mining Corp.—Net Worth Per Share—
'
surrender'such shares and
U.
S.
Sept.'30,'40
Govt,
securities and all other net
quick assets (after prov. for
all taxes incl. in¬
come taxes to
Sept. 30, 1947 and March 31,
1947, respectively)
Stocks listed
(at
U.
on
other
undertakings
•directors)
net
(fair
value
44.58
•
been
a
Jr.,
director
a
Central Hanover Bank
the
close
of
business
Stock
New'York
contracts
in
after- Nov. * 24,
Exchange
Pacific
1947
Western
will
of the
directs
not
attention
capital
afford
offer.—V.
166,
to
stock
3,57
In October/ the
ment
by
for
the
settle¬
opportunity
dated
corporation repaid $2,000,000 under its credit agree¬
1946, with certain banks, thereby reducing notes
Oct:
2,
outstanding to $16,000,000 on Oct. 31.
$63.30
Plans
'
and
of
President
wholly owned subsidiary.—V.
166,
Sears,
Clipper Service to Munich—
application for Clipper service to Munich in the American
has been filed with the Civil Aeronautics Board by
American World Airways it was announced on Nov, 11.
The
of
Glolite
Pan American
&
Corp.
Co.,
of
has
Chicago,
1893.
p.
zone
of. Germany
Roebuck
dividends of
makes
The
$
Railway
Railway
Net
revenues.
13,967,669
expenses.
9,608,523
ry.
oper.
revs
Peabody
$
Pan
ciates offered Nov. 13
68,268,728
fund
41,072,232
28,457,726
23,160,093
18,118,300
Railway oper. income
Equipt. rents (net)
1,783.740
1,4-27,025
17,912,139
10,339,426
0*947,707
0 942,585
07,480,904
7,076,916
...
Net
ry.
Other
Total
Int.
026,721
Drl9,907
0149,737
158,497
income
2,704,726
145,647
2,249,704
25,243,307
17,257,845
224,377
1,329,522
2,495,742
income
income
Net
&
2,574,081
172,837
1,535,834
1,558,479
2,680,543
2,401,244
25,036,995
18,195,109
83,234
income
Sinking
79,430
769 547
740 643
appropriations
Miscel. appropirations__
Balance
—V.
200,000
On
Nov.
the
of
$2
common
Nov.
in
record
June
The
stock
of
50
also
This
nization
which
Transit
The
Co.,
Co.
nate
the
of
3
will
be
in
of
give
166,
amount
stock
parent company
of
the
of
Fort
stock
on
Sept.
share
per
payable
per
the
on
10.
A
the
on
Jan.
vote
on
a
proposal
nature
of
led
the
2,
1948
to
dissolve
to
of
the
reorga¬
Fort
Worth
directors
of
North
structure
corporate
mortgage 4VZ%
to
elimi¬
!
to
Transit
Co.
for
Co.
of
on
Nov.
14
approved
the
and
each
Co.
two
share
will
shares
of
the
a
snore
proposal
by reducing
transferring $500,000
and
the
to
decrease
value
par
from
capital
1727.
p.
Gas
Co.,
Omaha,
with SEC—
On
of
its
own
166,
SG
p.
a
registration
shares
of
statement
preferred
stock
output of this
60,417,000 kwh.,
corresponding week
held
as
the
compared
year,
each
five
scription
stock
shares
are
Chicago,
its
$9.75
held.
warrants
agent,
at
to
bv
30,
sold
American
109,255
shares
American
ended
Nov.
53,310,000
of
Co
consolidated
rights.
roads,
gas
14,299,637
coal
tons.
Principal
industrial
sales
of
bank
term
a
customers
13.3%.—V.
166,
share
at
the
will
by
rate
directors
to- stockholders
lieu
of
have
of
A
V.
similar
166,
p.
declared
record
fractional
cepts per share,
The
SEC.'
bank
loans
rehabilitation
and
and
advances "to
The
estimated
and
the
cost
of
Scrip
acquisition
the
over
10
filed
($1
par)
Few el
all
Co.,
of
automobile
Thomas,
Los
race
a
to
purchase
of
one
share
26,
1947
Co
of
25
sub¬
net
entire
of
the
the
-Pacific Western Oil
for
per
and
per
to holders
payable
will
be
Dec
15
issued
due
,
pfd.
Oct.
such
stock
capital
stock
in
the
on
Dec.
75
date.
same
30,
of
last
year
—
of
&
Proceeds
notification
to
be
Co.;
will
with
offered
Buckley
be
used
at
later
such
date
Pacific
as
purchase
the
and
in
their
of
build
-
is
may
not
between
an
Western
a
•
be
the
Pacific
aggregate
Oil
agreed
Corp.
upon,
nf
prior
Stock—
all
Western
1,169,449
to Dec.
tenders will
the
forth.
tOf
designated
will
be
Of
of
be
1947,
or
accepted.
consummated
prior to Dec. 23, 1947, or such
later date as may be agreed
upon, no
tehders wi'l be accepted and
certificates will be returned as
promptly as practicable to the owners
thereof.
Stockholders desiring to tender any of their shares
should
166,
Gas
(thousand
Steam
(&
111.,
be
1947
out
of
bonds,
the
the
1,000,000
5%
as
convertible
tOf
series
A
bonds)
and
preferred
prior
the
from
Other
five
shares
shares
stock
of
and
outstanding
of
5%
the
all
Gross
and
6%
25,576,096
(net)
and
other
income
238,144
5,447,438
25,655,329
5,875,595
20,485,445
19,779,734
charges
remaining for stockholders
preferred stock
on
2,130,268
remaining for both classes of
$1
on
25,417,185
356,787
25,932,883
debt
on
div.
pref.
2,048,768
18,355,177
stk.
cm.
17,730,966
stk
com.
802,990
1,448,662
17,552,187
11,671,488
16,282,304
5,880,699
5,385,623
$1.80
remaining for common stock
stock
common
on
Amount
Earns,
retained
sh.
per
standing
in
of
$1.67
business-
stk.
com.
Sept.
at
the
10,896,681
shares
(on
out¬
30)
Weekly Output Increased 5.8%—
amount
The
week
electric
ended
output
Nov.
7,844,000
V.
166,
The
of
this
company and its subsidiaries for the
amounetd to 143,034,000 kwh., an increase
over
the corresponding week of 1946.—
1947
15,
kwh.,
5.8%,
or
1996.
p.
616,818 shs.
under
therein
and
shares
prior
($25
for
par)
dividends.
preferred
of
extra
an
dividend
of
50
cents
per
cents
10
17,
quarterly dividend of 25 cents per share on
payable Dec. 15 to holders of record Dec. 1.
was paid
on Sept.
15, last, and one of 25 cents
both
1947.—V.
166,
1895.
p.
been
Procter & Gamble Co.
are
(& Subs.)—Earnings—
3 Months Ended
Sept. 30—
(after provision in current year of
reserve
for inventory price decline)
Earnings per common share..
on
of
66%%
the
6%
of
deposited
the. plan has become operative.
The holders of the 6%
preferred stock were given until Oct. 31, 1947, to deposit their stock
for exchange.
As of Oct. 2, 1947, the holders of 121,437 shares, being
more
than 89%
of the 135,471 outstanding shares of 6%
preferred
stock, had either deposited or agreed to deposit.
1947
"1946
t$9,014,575
$5,670,823
$1.40
$0.88
Net earnings
—
"Revised
preferred
share
than
having
declared
regular
stock,
of
March
on
have
the
balance
135,471
stock
each
More
stock
and
common
An' extra
are
6%
preferred
the
set
shares
the
shares,
directors
share
issued
677,355
shares
outstanding
stock
new
of
taxes
income
Interest
Dividends
§135,471 shs.
be
may
preferred
convertible
accumulated
shares
depreciation and
113,339,706 103,183,953
87,763,610
77,766,768
utility services
income
the
§
restrictions
shares,
preferred
200,000
the exchange of the
9.684,019
1,454,192
Fowdrell & Alexander, Inc.—Extra Distribution—
conditions
prior
92,045,742
1,619,835
Operating expenses,
$12,500,000
2,500,000 shs.
than
the
to
$
100,877,134
10,842,737
111.,
company's
11,000,000 shs.
(other
Services—Electric
Outstanding
par)
subject
Utility
total
estimated
will
j200,000shs.
bonds
13,831,143
1,754,830
Steam
series
1962
($5
1946
6,346,256
15,371,183
1,861,481
—
Gas
Amount
exnended
total
excess
holders
$
from
the
on
to
acquisition
County,
will
31
6,786,515
ft.)
cu.
share
Subs.)—Earnings—
(thousand pounds)
Revenues
Dividends
of
cehts per
75
1522.
p.
Philadelphia Electric Co.
Amount
the
which
provided
par)
undesignated.
for
10.—V.
Twelve Months Ended Sept. 30—
Sales—Electric
(thousand kilowatthours)
properties.
cost
estimated
financing,
($100 par)
indenture
for comparative purpose? and includes all
foreign subsid¬
operation at Sept. 30, 1946.
tAfter the provision of $9,500,000
iaries in
as
addition
an
has
been
the
to
made
885,000.—V.
for
reserve
United
for
166,
States
inventory
and
price
Foreign
decline.
income
Provision
taxes
of
$10,-
954.
p.
exchange,
names
of
the
several
and the principal amount of bonds purchased
by
HaJsey, Stuart & Co.
Equitable
Inc.
A.
C.
$2,550,000
Allyn and Co., Inc.
Whipple & Co.__
A.
Becker &
G.
Blair
&
Co.
$400,000
to
400,000
1,007,517
700,000
being
700,000
record
150,000
The
700,000
The
Co.—
700,000
400,000
700,000
Otis
Co
Milwaukee
Co
Nov.
&
Co
150,000
Inc.
150,000
William
700,000
for
250,000
700,000
comprising
warrants,
400,000
tion
the
of
700,000
E.
250,000
H.
Rollins
R.
&
Co.—
five
Rights
Sons
Staats
each
investment
exercise
Years Ended April 30
July 31,'47
1947
1946
1945
3,164,449
14,299,637
14,851,473
17,142,831
Net sales of coal
$10,040,944 $44,745,862 $40,979,669 $43,859,321
Cost of ccal sold———
8,790,653
40,472,515
35,763,099
38,501,199
Deprec. and depletion235,360
1,048,513
1,095,068
1,167,844
Sell. and gep. expehses539,367
2,061,399
2,045,443
2,135,630
$49
(no
shares
par)
in
on
held,
the
the
form
outstanding
basis
of
of
stock
common
presently
share.
share
one
this
of
Tqjns; of
sold—-1—
coal
for
bad' debts—
issue
new
a
of
the
of
company,
shares
common
new
of
stock
has been underwritten by a nation-wide
headed by The First Boston Corp. and
group
90 firms.
to subscribe to the
will expire at 3 p.m.
underwriters
stock
19
of
per
is
financing in recent years, and
initially to company stock¬
offered
purchased
shares,
new
on
Dec.
offer and
may
or
to
be
3,
sell
evidenced
1947.
by
Prior to
shares
purchased
of
subscription
expira¬
such
unsubscribed
by
them
stock
through
the
warrants.
from
the
sale
will
be
used
by
the
company
for
of
Prbv.
shares
banking
Proceeds
3 Mos. End.
Nov.
which
over
of
equity
ever
at
offering,
of
largest
market
holders
to
18,
pieces
the
the
of
on
additional
offered
and
S. Moseley & Co
Mullaney, Ross & Co.__
at
largest
one
700,000
F.
Juiien Collins. & Co
Criiltenden & .Co.
Weeks—*_
the
came
Kidder, Peabody & Co.__
Lee Higginson Corp
Inc.
_
Holders
be
holders,
The
Illinois
Co.—Gets About $50,000,000 New
1,007,517 Common Shares to
$49 per Share—First Boston Corp.
Underwriting Group—
of
One
said
Securities
Corp.
Republic Co.
&
Present
Heads
700,000
Co.," Inc.
William Blair
principal underwriters
each are as follows:
Phillips Petroleum
Capital—Company offers
400,000
Bacon,
payment
$46,375,000 of bank loans currently outstanding which were in¬
in June
and October of this year in anticipation of capital
expenditures which tare expected to aggregate approximately $85,000,000
for 1947.
The portion not covered by bank loans has been or will be
paid for from treasury funds and current income.
Since
the
end
curred
of
1941
the company's capital expenditures have aggregated $307,000,000.
eight months ended Aug. 31, 1947, the company reported
of $23,129,000, equal to $4.66
per share on the 4,928,937
average daily number of shares of common stock outstanding during
For
the
Crl,042
610
Crl,721
1,887
net
income
Profit pn sales,of fcoal
Othel' oper. income—.—
$476,604
$1,162,824
$2,077,779
period,
388,041
384,208
$2,052,760
434,144
the
48,637
Drl6,355
182,360*
98,275
Dr298,748
$508,886
$1,733,226
$2,560,263
$2,103,156
108,825
314,000
707,621
543,829
income
-—
Profit tbfef. Fed. taxesNormal
Net
Oil Corp.
Shares"
of
23,
record Dec.
in
Brothers
to
of
is approximately
program
coal reserves.
mines
Illinois,
County,
Washington
Washington
is
in
reserves
in
purpose
large
of
with $3.70 in 1946.
Other
the
par
are
Oct. 4, 1947,
stockholders
of
of
$1,700,000
$12,500,000
fund
1,
($25
shares
"Additional
the
dividend
extra
an
regular quarterly dividend of 87 Va cents per
preferred stock was also declared, payable Dec.
of
stock
Pfd. stock
the directors declared
13,
retail
-
dividend
Corp.—Right to Tender
dated
certain
capital
for
improvement
mine
of
$435,000,
(Inc.)
being offered the right to tender stock
purchase by Sunray Oil Corp. on or before Nov.
24, 1947, at $68
share.
Contingent upon the sale to Sunray Oil
Corp. under an
agreement
If
of
of
existing
construction
additional
proceeds
sinking
mtge.
4%
Prior
Excess
Holders
rail¬
and
Authorized
Central
cents
1947
cash
on
letter
Harbach
Angeles.
Preferred
its
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
for
Nov.
dividend,
preferred,
track.
New
on
The
»
3T?%
from
corporations,
amount $450,000 represents the
of
approximately
basis
Enterprises, Inc., Long Beach, Cfclif.
Nov.
Vote
and
compares
2,
STATEMENT OF CONSOLIDATED INCOME
certificates
quarterly
made
was
shares.
on
Hopkins,
&
stock
usual
distribution
Underwriters,
midget
1.
The
to
the usual quarterly dividend of 50 cents
per share on the
stock, both payable Dec. 5 to holders of record Nov. 25. In¬
cluding the three quarterly distributions already made this year, the
current declaration brings the total for 1947 to
$2.75 per share, which
approximately $1,611,354 was expended as of Sept. 30, 1947, and
financed by the temporary bank loan.
The excess of the expendi¬
tures
to
the
mine
a
for
the amount which it
represents
the
for
of
subsidiaries
improvement
$581,543
1996.
p.
Nov.
Dividends
mines*,
the modernization of three
Illinois,
the acquisition of
additional coal
DeVnpsey&Cb.i'-----—
previously declared, is payable
stock
300,000
and
income
dealers
contracted
were
Illinois
new
1791.
p.
1791.
company
for
5%
Co.—Meeting
common
financing a portion of the company's construction program.
The com¬
pany's program includes the construction of two additional modern
for
1036.
p.
a
Dec.
shares.
Pacific Speedway
♦—Files with SEC—
,
103,
cents
25
Chas. Pfizer & Co., Inc.—Extra Distribution-—
On
Amount
Pacific Mills—5% Stock
Distribution—
The
May
company
amount
Hovnblower
•
Illinois
some
utility
are
loan
temporary
providing
Trust
expire
Northern
an
initial dividend
stock, :payable Nov. 15,
1947—V.
of
meeting called to be held on Nov. 24, to consider
150,000 shares of a new preferred stock junior to the
authorized preferred stocks,
has been cancelled.—V. 166,
of
the
rights
company recently declared
the class A common
on
1,
in
the
has
domestic
outstanding in the
temporary bank loans totaling $2,000,000.
stock
1947
for
Oregon Portland Cement Co.—Initial
Dividend—
Nov.
aggre¬
net proceeds to the
company will be approximately
Of this amount, $3,700,000 is to be used for the payment
the
15
kwh.
working capital, reimburse treasury for4
moneys expend¬
additions, betterments, etc.—V. 166, p. 1521.
record
an
designated 6%' preferred and 64,529 shares are undesignated.
§At a
special meeting of the shareholders of the company held on Aug. 22,
1947, a plan for the recapitalization of the company was adopted,
ed in
of
of
Company
non-affiliated
users,
UNDERWRITERS—The
share
Milk
Income
$12,140,000.
are
Co.—Rights—
rights
166,
dividend
special
share
customers.
SEC
be
Oklahoma Natural Gas
Co.—Bonds Placed Privately
The company
recently sold privately to an insurance
company at 101.55 an issue of
$5,000,000 first, mortgage
2%% bonds due 1964.
Proceeds will be used to increase
The
nor
in
the
1947,
were
preferred
mailed
111.—V.
extra
an
incorporated
is engaged
oil. and
$5
the
to
North
North
stockholders
a
The
being
week
with
increase
an
offering
common
Subscription
year,
organized
was
surplus,
(Del.)—Weekly Output-
for
company
last
is
company
additional
with
sioi,
retire
by others than
Northwestern Public Service
for
mar
357.
Electric
The
filed
was
stock
common
Northern States Power Co.
totaled
BUSINESS—Company
subsidiaries
capi-
from
to
Neb.—Registers
competitive bidding.
Shares being sold
Pov.er Co. which will
use
proceeds to
Light
•—V.
14
710.500
through
one
a predecessor corporation of the
in May, 1890, and five other coal companies.
the business of mining, processing, purchasing,
selling and distributing coal, primarily bituminous, both directly and
through various mining subsidiaries.
During the fiscal year ended
Common
Nov.
covering
&
name,
'■First
Natural
declared
Oct. 10, the company paid $1,144,000 of 1%% serial notes due
date and also prepaid $1,144,000 due Oct.
10, 1948.
There
$2,288,000 of notes outstanding on Oct. 31.—V. 166, p. 1894.
presently
p
1634.
result of the consolidation of
a
as
A,
Northern
but not to exceed $250,000 for any
year,
same
cost,
Hartford—Reduces
«.500.000 t0 $1,000,000
164,
a
working capital.
stockholders
$3.33Va
for
$10,875,000, of which
Texas
bonds
held.—V. 165, p. 2006.
Insurance
12
Nov.
on
authorizing
total
35,055
non-taxable
a
securities
Coaches
Capitalization—
•—V.
made
gate of such contingent payments in excess of $2,900,000.
The
both companies.
stockholders of North
Worth
now
directors
The
preceding
fiscal
April
cents
1054.
p.
simplified
first
i-:v
Stock Issue Canceled—
payable on April 1
Chicago or New York.
in
sinking fund consisting of (a) fixed sinking
payments of $800,000 for each of the years 1950 to 1961, inclusive,
and
(b) a contingent payment for each of such years in an amount
eqhal to 15% of the net profits over $2,500,000 for the next
was
Northeastern
The
is
acquisition
recommend
face
capital
50
share
per
Dissolution—
on
the
Motor
plan,
$10
cents
stockholders
Texas
expense of operating
the dissolution
Under
receive
cents
subsidiary.
sale
to
would
would
a
recent
Texas
Dec.
on
step
dividend of
50
declared,
1947.—V.
21.—V. 166, p. 570.
that
were
Interest
company
PURPOSE—The
was
19,
1962.
1,
of
fund
1946.
dividend
Dec.
stockholders
of
10, and 50 cents
North Texas Co.—To
Vote
company.
17,454 466
outstanding, both payable Dec. 10 to
Previously this year, the company paid 40
and
quarterly
preferred
of
22,867 448
stock
28.
10
disbursed
of
holders
extra
an
Oct.
agency
the years
1950 to 1961, inclusive, through the operation of the
sinking fund.
The initial optional redemption price is 103 and the
sinking fund redemption price is 100, in each case plus accrued .interest.
HISTORY
Corp.—Extra Distribution—
quarterly dividend
March
usual
shares
of
record
was
The
1
usual
shares
cents each on
of
2,321,813
18, the directors declared
and
150,381
holders
due
or
redeemable as a whole at any time or in part from time
the option of the company, 011 not less than 30 days'
notice,
also be subject to redemption, on like notice, in
part, in each
Company
Car
office
wili be
will
and
1,400,000
2,397,259
North American
share
19 753,587
1359.
p.
1947;
1,
at
time at
to
1928,
income...
of
166,
26,572,829
funds-
res.
Bonds
1
Provision
169,830
debt...
Oct.
Oct.
of
2,850,373
funded
011
Dated
and
(neti..
oper.
15, April 30 and Aug. 28, this
1946, only one distribution—of 4-
In
details follow:
4,217,065
rents
Halsey, Stuart & Co. Inc. and asso¬
$12,500,000 first mortgage sinking
bonds, series A, 4% at 100 and interest.
Further
96,726,454
2,790,040
facil.
Co.—Bonds Offered—As mentioned in
79,872,080
2,575,406
Jt.
Coal
8,012,327
4,359,146
tax
Feb.
on
1947.
on Jan.
Pennsylvania Power & Light Co.—Repays Notes—
On
on
issue of Nov. 17
our
$
12,229,392 120,944,312
accruals..
Railway
paid
a dividend of
10 cents per share on the capital
stock,
payable* Dec. 31 to holders of record Dec. 1.
Following the disbursement on Jan. 10, last, of an initial dividend
of
25
cents
per share,
the company made payments of 10 cents
each on April 25, July 15 and Oct. 10.—V.
166,./p. 162.
connects
now
London, Brussels, Frankfurt, Prague and
Vienna in Central Europe with New York. Clippers could set down at
the Munich Airport,
which is currently used by the U. S. Army of
Occupation the application said.—V. 166, p. 1996.
1947—9 Mos.—1946
$
oper.
oper.
cents each
share—was made
Share -and
per
Pet
1947—Month—1946
5
total of 30 cents in
a
Pennsylvania Engineering Corp.—Extra 25-Cent Div.
Norfolk & Western
Ry.—Earnings—
Period End. Sept. 30—
•
Nov. 7,
the directors declared an extra dividend of 10 centsshare and the usual quarterly dividend of 5 cents per share, both
payable Dec. 3 to stockholders of record Nov. 22, 1947. With the threeper
both
12,65
$62.25
formerly
Peninsular Metal Products Corp.—Extra Dividend—
on
that
fact
made
purchasers
1688.
p.
the
An
Sundheim,
elected
before
Pan American Airways Corp.—Reduces Bank Loans—
>•
Noma Electric
Corp.—New Head of Unit—
G.
Y.,
(2107)115
45.22
2.65
share—
per
N.
CHRONICLE
On
take "advantage
to
1996.
p.
Harry
'
form of tender to
a
York,
•
FINANCIAL
cents per
12,93
worth
The
ment
$1.86
$2.04
fixed
as
Co.,' New
&
24,^1947.''"'•t
Exchange
—————1
listed on London
Stock Exchange
(at
market)
Shares and notes of
non-listed corporations and
166,
Nov.
•
.
S. and Canadian Exchanges
market)
Estimated
Mar. 31,'4*7
"
Stocks
—V.
Trust
&
•
Cash
COMMERCIAL
—V.
tax
and
surtax-
profits tax
profit—1
166?
p.
16,408
$400,061
-
21,916
$1,836,233
$1,419,226
$1,622,410
1996.
The
directors
common
Following the
oL
common
cash
the
The
stock
dividends
split-up,
old
on
stock
Nov.
18
declared
a
dividend
stock, payable Dec. 13 to holders
issuance on April 4, this year, of
a
of
for
40
each
cents
distribution
received
common
each
of
75
$4.50 last
on
share
June
cents
of
held,
14
was
year.—V.
of
one
and
made
166, p.
$2
per
record
the
on
Nov.
28.
13.
March
1894.
share
paid
Prior to
company
Sept.
on
share
additional
14,
1947.
after
on
the
the 6,045,106
completion of
shares
of
common
stock
to
be
the present financing without
proceeds.
This compared
with
$22,625,000 in the calendar year 1946, equivalent to $4.60 per share
on
the average number of shares outstanding during the year and
with
$22,572,000 in 1945, equal to $4.59 per share on the shares
giving
effect
to
the
application
outstanding during that year.
The
company has paid regular
each
since
year
1921
with
the
of
dividends
exception
of
on
its
1931,
common
1932
and
stock
1933.
In
In
*1947,
the annual rate was raised to $3, one quarterly dividend
of 75
cents having been paid and another having been declared on
Oct. 23, payable on Nov. 29.
Company, as at present constituted, comprises one of the larger
integrated units in the industry, owning. resources of crude oil, dis¬
tillate and natural gas in many parts of the United States and in
July,
Penick & Ford, Ltd., Inc.—Declares $2 Common Div.—
;
the
$3.83
or
outstanding
Venezuela,
carbon
natural
black
marketing
gasoline plants and crude oil refineries, furnace
plants, crude oil and refined products pipe lines, and.
throughout the central United States and adjacent
outlets
areas.
Based
on
total
balance
sheet
assets
at
Dec.
31,
1946,
the
companjf
16
THE
(2108)
ranks
ninth
tions
of
the
among
the
company
UNDERWRITERS—The
1,007,517
the
upon
centages
to
shares
exercise
of
the
purchase,
or
are
stock
common
unsubscribed
principal underwriters of such
as
are
not subscribed for
of the
names
of
subscription
and
warrants
stock
which
the
has
each
respective per¬
severally agreed
First
Boston—
3.50
Hallgarten
&
Harriman
Co
.
Freres
&
Lehman Brothers
Smith,
Barney
&
ties
W.
W.
&
C.
usage.
introduced into blown glassware production
.20
blow machine of
The
Pacific
150
Piper,
Ohio
Inc.
&
.20
.20
Stein
Walker &
M.
&
R.
Staats Co._
&
&
(Inc.)
.20
Co._
Wailing,
1.00
.20
_
Lerchen
Construction
.10
Clark, Dodge & Co
1.00
Bosworth, Sullivan & Co._
.10
&
Carl
M.
Otis
&
&
E.
Rollins
H.
Co.
Sons
Crowell,
1.00
J.
M.
R.
Inc.
L.
&
&
Dean
Witter
Bond
&
Green,
—V.
&
Ellis
166,
A.
The
.10
_
.10
_
Co.„
.10
Chas.
Mosle
Rotan,
W.
&
Scranton
be
and
as
output
for
the
compared
year,
of
operating
ended
Nov.
217.015,000
increase of 14.4
an
companies served by this corpo¬
1947 totaled 248,248,000 kwh.,
for the corresponding week last
.—V. 166, p. 1997.
the
week
with
/
15,
kwh.
A
$53.09
On
of
in
a
Oct.
31,
there
at
an
off
pay
(c)
To
pay
off
a
portion
outstanding.—V.
shares
1584.
166, p.
of
the
$8,549;
working capital.
$4,645
10,668
3,544
production costs
and administrative expense
$9,567
date
loss to
$7,378,202
Rudy Furnace Co., Dowagiac, Mich.—Earnings, Etc.—
$279,150
Net
2,833,367
4,493,865
profit
Federal
before
26,162
139,267
Federal
for
9,942
52,921
taxes
taxes
681,085
546,500
436,047
357,027
577,961
465,278
Operating
694.676
639,000
901,275
831,476
98,675
133,689
53,051
62,639
$609,029
$744,866
$670,965
$1,023,508
taxes
taxes
SHEET
BALANCE
ASSETS—Cash,
inventories,
expenses,
AS
OF
SEPT.
30,
Operating income
income
72,321
69,720
98,717
96,350
$681,350
$814,586
$769,682
Income
Net
*—V.
537,318
532,112
709,887
$80,000;
799,241
deductions
income
$320,617
$59,795
$282,474
$144,032
166, p. 1360.
600;
Nov.
on
announced
19
purchase
Jefferson,
Clallam,
term,
$292,earned sur¬
common
and
of virgin timber in
and another 70,000
acres
Harbor Counties,
on
which trees are
being
for
grown
future needs.
Edward
two
he
added,
quate
feet
serial
of these
President,
lumber
of
insures
the
added
are
firm's
that
said
to
purchase
this
by
more
holdings.
Rayonier's
than
This,
northwest
three
group
pulp mills of an ade¬
pulp needs.
made for
the sale of about $20,000,000
of banks and insurance companies.
Part
funds probably
notes
new
bank loans.—V.
supply of
have been
to
a
166,
timber
for
future
705.
p.
/
The
the
stockholders
(a)
10
shares
of
of
six
7%
meeting
recapitalization,
new
new
first
$1,
each
special
a
of
of
of
$159.25
par
at
plan
shares
proposed
of
and
share;
11
of
13Vb
new
cumulative
$1,
$100,
shares
of
common
second
Nov.
on
17
approved
provides for the issuance
stock, par $10, and
in exchange for each share
preference
par
par
held
which
prior
stock,
stock,
(b)
shares of
$7
$1.25
common
preferred
per
share
including
stock,
accrued
second
new
par
preferred
$1,
stock
dividends
preference
in
of
stock,
exchange
no
par
for
value
(including dividend arrearages of $185.50 per share); and (c) one share
of hew common stock, par $1, in exchange for each no par common
After
tion
effect to the above exchanges, outstanding capitaliza¬
consist of 126,522 shares of $1.25 dividend prior preference
giving
will
stock,
$10; 100,000 shares of second preference
and 392,515 shares of common stock, par $1.
If
par
the
Intends
final
recapitalization
declare
to
a
plan
dividend
quarter,
is
intention
of
prior preference stock
on
The
the
board
approved
a
total, of
for
of
the
stock,
par
$1,
the
other
two
126,522
the New York Stock Exchange.
company
to
list
the
classes
cf
shares
of
of the New York Curb Exchange on Nov. 19
and for admission to dealings at a later date
shares of $1 par voting common stock, of which
governors
listing
720,559
92,515
are
to be initially
outstanding upon effectiveness of a plan
of recapitalization, 253,044 shares are issuable in conversion of 126,522
shares of $1.25 dividend prior preference stock, and 75,000 are issu¬
able
against
conversion
—V.
ICC,
1534.
p.
of
100,000 shares
of second preference
$4,339,227
$3,343,552
$3,318,447
3,134,112
2,544,631
2,453,572
49,793
17,604
2,697,15,1
ad-
as
exps._
<
155,933
114,745
123,05!>
$1,049,182
$684,175
$741,818
180,584
amortization
$1,446,288
profit-
34,429
81,699
45,059
33,990
$1,480,718
13,054
$1,130,881
$729,234
$775,809
25,433
20,269
19,237
579,800
427,672
200,084
200,061
5,827
129,583
148,084
income
Total
Other
income
deductions
Federal
Fed.
income
taxes
prof, tax
(net)
stockhold.
share
of
profit
exc.
net
Net
114,130
116,663
58,783
77,111
$773,733
$555,283
$320,513
$331,314
135,000
stock.
profit
Dividends
117,000
99,000
paid
—V.
p.
166,
the
on
York.
New
intends
to
York Curb
New
make
St. Louis
oper.
Ry.
application
list
to
the
Fed.
Total
stock
Outstanding
750,000 shs.
$1)
(par
Sept.
account
stock
Net
HISTORY
504,000 shs.
AND
which
under
had
been
their
been
founded
Cigarette Service
adopted in July, 1946.
Rowe
of
name
in
1928.
inception, the company and
engaged
in
cigars,
candy
the
—V.
company
outstanding capital
by the company.
organized
from
company
time
to
operates
time
has
merchandising
OPTIONS
Rowe
stock
Manufacturing
of
which
was
Inc.
acquired
Co.,
(N.
and
Y.) all
is still
of
common
options
stock
purchased
and
about
the
UNDERWRITERS—Robert
purchased
by
2bU,0t>2
income
$641,331
$853,618
$9,372,806
$6,474,177
railway
167,346
159,392
1,803,838
1,626,739
$473,985
income.
oper.
ry.
$694,226
$7,568,968
$4,847,438
16,246
25,011
226,005
286,846
$490,231
$719,237
$7,794,973
$5,134,284
income
income
252,298
249,402
2,129,981
2,264,836
$237,933
$469,835
$5,664,992
$2,869,448
inc.
gross
income
166, p. 1584.
(& Subs.)—Earnings—
Nine Months Ended—
Net
Sept. 27.'47 Sept. 28,'46
sales
$41,196,563 $34,133,833
'Insurance
Other
1,328,640
106,938
7,906
recovery
J9rl8,474
income
Cost
$42,533,109 $34,222,297
income
of
products
132,249,583
1,024,956
2.237,977
products sold
Freight paid on
Distribution, administration
Net
taxes
and general exps.__
851,135-
$2,042,624
165,750
$1,354,088
193.494
$1,876,374
871,847
$2.15
$1,160,594
earnings
Dividends
shares
preferred
on
shares
earnings
applic. to common
shares outstanding
Common
Earnings per common share
loss
'For
of
machine
of
use
3,169,783
1,371,380
income
on
25,964,464
915,734
1,967,093
3,556,589
sold
Depreciation
11,
Sept.
damaged
1846,026
$1.37
(Includes
1946.
a
accumulated since Jan. 1, 1947, to equalize over
the known and estimated costs of wood pulp
and
other major
supplies.
(Average number of shares outstanding'
during the period.—V. 166, p. 1155.
charge
the
of
$672,000
calendar
year
1947
Seaboard Air Line RR.—Bids Asked—
will
Owen,
the
nually
received
be
up
Gallagher
Farr,
sale
of
to
Dec.
noon
Walton,
1948-1962.—V.
15,
Dec.
&
equioment
$7,500,000
15
trust
166,
p.
at office of WiDkie,
(EST)
1
Broad
Street,
certificates,
York,
for
$500,000
an¬
New
due
1896.
Seeger Refrigerator Co.—20-Cent Distribution—
Nov.
On
the
on
18,
the directors declared a dividend of 20 cents per share
stock, payable Jan. 7, 1948 to holders of record Dec.
common
1947. A similar payment was made on Sept.
18,
20-cent
the
payment
27,
Dec.
on
1945.—V.
166,
11, last, the first since
p. 571.
Servel, Inc.—Private Financing—On Oct. 27 the com¬
borrowed $9,000,000 from the Prudential Insurance
Co., evidenced by 3*/4% notes, due Oct. 15, 1962. A
portion of the proceeds was used to repay bank loans and
the remainder was added to working capital.—V. 166,
pany
1828.
p.
Shell
and
the
Hayden,
by
such
Z.
Greene,
underwriters.
,
9,250
of
such
will be sold by Hayden,
Stone & Co. to Lehman Brothers at
100 per option.
Hayden, Stone
& Co. will retain a total of 9,250 options.
Company has been informed
that the 30,000 options are being acquired by Hayden, Stone & Co.,
Stone
&
Co.,
Trading Co., Ltd.
&
—
To Increase
meeting of stockholders has been called
proposal to increase the authorized capital¬
the present £43,000,000.
This would be'
accomplished through the creation of 10,000,000 new ordinary shares,.
An
for
extraordinary
Dec.
to
2
ization
to
£1
general
approve
a
value.
par
is
shares
£53,000,000
be
entitled
shares
new
held
now
at
from
issue
to
proposed
these
of
not
one
Transport
Stock—Rights to Be Given Shareholders—
It
City of New York
organized
subsidiaries
to
engage
in
business in other localities.
in
of the
selling stockholders, at the time of delivery of the 150,000 shares
of
common
stock
now
offered
will
issue, at 100 per option, an
aggregate of 30,000 options, each of which entitles the holder thereof
to
purchase from Robert Z. Greene, on, or before Nov. 28,
1952,
one
share
of
common
stock
for
$8.75,
the initial public offering
price of the 150,000 shares.
Hayden, Stone & Co., one of the prin¬
cipal underwriters, will purchase 15,000 of such options. The remain¬
ing options will be purchased by the several underwriters, including
Hayden, Stone & Co., on the basis of one option for every 10 shares
TO
384,930
Scott Paper Co.
owned
The
$8,987,876
29,734
the
and similar products.
In
1932
the company
expanded its activities by undertaking the
design, development, manufacture and sale of automatic merchandis¬
ing machines.
In
order to segregate the manufacturing
activities,
cigarettes,
as
$6,194,115
$823^884
43,107
$104,000.
a number of its subsidiaries
automatic merchandising business in the
course
of
which
they operate, maintain and service coin operated
merchandising machines through which they sell merchandise such
Since
have
1,077,320
income
Deducts, from
BUSINESS—Corporation was organized in New York
the
1,410,211
1,387,963
$593,224
from
Gross
to 750,000 shares of common stock
Co., Inc.
The
present corporate name
was
Company was
originally organized to continue in corporate iorm the business there¬
tofore conducted by the partnership of Rowe Cigarette Vending Co.,
1929,
812,681
3,903.881
114,116
income
ry. oper.
Non-operating
authorized
the
(no par)
reduced by
was
84,973
274,419
the
1947,
30,
increase
to
common
748,224
99,801
160,795
taxes
income-
oper.
Deducts,
$9,429,870
744,894
city
oper.
ry.
24,487,585
$1,297,392 $15,092,401
2,503,164
$1,603,714
opers.
taxes
Railway
24,040,017
2,804,892
taxes
Fed.
Other
ry.
&
co.
income
Other
com¬
changes in capitalization):
certificate of incorporation has been
capital stock from 9,000 shares
(par $1).
In
connection
therewith, each outstanding share of common stook
(no par) was changed into 56 shares of common stock (par $1).
As
a
result of this change,
the capital stock account of the company
was
increased
from
$400,000
to $504,000, and the earned surplus
Since
of
fr.
1947—9 Mos.—1946
$3,800,556 $39,132,418 $33,917,455
$4,408,606
expenses
rev.
Ry.—Earnings—
1947—Month—1946
revenues
oper.
Net
Southwestern
Sept. 30—
Exchange.
(after giving effect to
Authorized
Common
1827.
Period End.
Bids
automatic
is approved by the directors, the board
on
the prior preference stock for the
without any payments on
stock, according to Arthur Reis, President.
Ib
Co.,
the
held.
share
stock
Registrar:
Bank of the Manhattan Co., New York.
Trust
CAPITALIZATION
in
(Robert) Reis & Co.—Recapitalization Plan Approved
Offered—A syndicate headed by
Corp.—Stock
LISTING—Company
mon
will be used to retire the present $7,500,000
continuous
Arrangements
in
stock, $201,040;. capital surplus, $326,606;
total,: $1,200,928.r~V. 166, p. 1584.
Transfer Agent;
amended
Bart>ch,
billion
$104,795;
Hayden, Stone & Co. on Nov. 18 offered 150,000 shares of
common stock (par $1) at $8.75 per share. Net cash pro¬
ceeds go to the selling stockholders.
the
50,000
than
more
Grays
"reproduction" land
of
acres
includes
Other
payable,
$106,587;
mortgage short
$89,300; long-term indebtedness (mortgage),
accruals,
Rowe
announced,.
The
&
Provision for
Manufacturers
acquisition of the Poison
Logging Co.'s timbei
lands
and
logging
facilities on the Olympic
Peninsula, in the State of Washington
The purchase price was not.
company
$3,318,447
$4,356,831
receiv.
operating
Net
Rayonier, Inc.—Acquires Large Timber Lands—Private
Financing—
The
Net
$1,119,858
(neti
income
$3,343,552
$4,373,818
Selling & admin.
Deprec.
1944
1945
instal¬
profit,
Total
$1,200,928.
plus,
Gross
—Calendar Years
profit
gross
accounts
Gross
INCOME
1946
$4,324,025
ment
1947
accounts and notes receivable, $230,928;
and equipment (net), $549,055; prepaid
assets,
$12,857;
good
will,
$1;
total,
$119,408;
$283,402; plant
$5,277;
deferred
LIABILITIES—Accounts
Other
$86,346
$16,220
profit
3,764,289
385,704
Depreciation
Income
profit
uncollected
on
10 Months
$1,928,656
Month
sales
Net
$6,693,690
498.377
expenses
$5,098,653
Maintenance
Gross
Unrealized
5,000
$16,434,678 $17,858,698 $15,581,185 $15,815,571
12,060,860
13,501,866
12,237,632
12,497,123-
sales
of
Net
Period Ended Sept. 30, 1947—
Net
1947—12 Mos.—1946
1947—9 Mos.—1946
$5,672,196
3,335,392
revenues
5,000
OF
STATEMENT
9 Mos. End.
1724.
166, p.
Provision
Period End. Sept. 30—
5,000
Watling, Lerchen & Co
Co.
Sept. 30, '47
operating
Queens Borough Gas & Electric Co. —Earnings—
Operating
Operating
&
Piper, Jaffray & HopwoodReinholdt & Gardner
1
Sales
Cost
3,000
5,000
Company
JULY 17, 1947, TO AUG. 31, 1947
-average
2,675,431
were
To
Total selling
shares of
3.000
October
(a)
purposes:
income
Gross
Total
capital stock was purchased in the open
price, exclusive of brokerage, of
share, the total cort including brokerage amounting to $160,048.
total
stock
current
shares of common
the corporation by William A. Meier,
STATEMENT OF INCOME,
Net
market
$20,000;
equipment,
advanced to
lean
Remainder to provide
—V.
Pullman, Inc.—Purchases 3,000 More Shares—
1,000
accounts payable for supplies, machinery and equipment,
To provide
for the purchase of three 3-mold semi¬
blow machines,
one
fire polisher, one grinder and other
miscellaneous
demand
(d)
ration
following
the
for
sale of
the
(b)
automatic
.50
Public Utility Engineering & Service Corp.—Output—
Electric
Ohio
7,000
Co.__
Evans
A.
Investing
Valley
Inc.
Co.
3,000
&
Inc.
State,
loan.
past-due
$38,000;
.10
Co.
1894.
p.
the
utilized
will
.10
Moreland
&
in
PURPOSE—Proceeds from
.10
.75
repayable
of
instalments
Robinson-Humphrey
Co.
.75
is
loan
.10
&
Clement
Ry.
equal monthly instalments of $900 com¬
mencing Nov. 30, 1947.
In addition, 50% of the net earnings of the
corporation must be applied each year to the reduction of the last due
.10
Company
&
Deetjen
Mohawk
The
Co.,
Inc.
July 31,
on
thereof.
balance
The
Co
&
Lemon
Masten
E.
.50
Inc
Anderson-
&
Johnston,
.75
Co
.10
Co.—
.10
.75
Goodwin
Co.
Miller
Hayden,
.75
Co
W. Pressprich & Co.__
Tucker. Anthony & Co.—
&
Schoellkopf &
.75
R.
.10
Co
Co.
&
&
Day
.10
Co.
1.00
Company
Allyn and Co., Inc.
Equitable Securities Corp.
C.
&
Weeden
Dain
Doolittle,
1.00
Shields &
Estabrook
Collins
1.00
&
Schoellkopf, Hutton
Pomeroy, Inc.
A.
Julien
& Co.„
Sherrerd
&
1947.
INDEBTEDNESS—Corporation
.10
Slocumb
Brush,
&
Co
Riter
Butcher
1.00
Rhoades
H.
1.00
Loeb,
Lester & Co
5,000
10,000
&
the amount of $50,000 in favor of the Beaver Trust Co.
.10
Boynton & Co., Inc.
F.
1.00
Merle-Smith
Co.
Co
Cooley
Minor,
1947, executed its note in
This indebted¬
ness
was
secured
by a first mortgage, chattel mortgage and bond
covering all of the property, real, personal and mixed, now or after
acquired of the corporation, including good will, patents and business.
The Reconstruction Finance Corporation has issued a purchase com¬
mitment to the Beaver Trust Co. to acquire
75% of this loan upon
demand. The loan bears interest at the rate of 5%
upon one-fourth
of
the
amount
thereof
at any
time outstanding
and 4%
on
the
Whiting, Weeks .& StubbsBoeuoner
ana
Company-
Dick
plant
pleted in July,
1.00
Co.
the
on
.20
•
Republic
(Inc.)
approximately 30,000 square feet of floor space.
began in September, 1946, and was ggm-
plant containing
.20
Co.
h
•
Central
new
Inc..
Co.,
&
Sutro
as
the customer.
corporation acquired from William A. Meier and others a tract
land consisting of approximately one acre and erected thereon a
of
.20
Stroud
Co.
also
such
use,
&
Torrey
R.
14,000
10,000
3,000
Johnston, Lemon & Co
M. Kidder & Co._
A.
10,000
&
George
5,009
Co
The
.20
Stern Bros. & Co.—
1.50
and
_
Boyce
1.50
Co
Co
Byllesby
corporation
Inc
Bradford
C.
Cohu
corporation by
.20
1.50
Bros.
manufactures special types of glassware for
atomizer bottles and similar products.
The
molds for special types of glass products so produced are owned by
the
various
customers and are
furnished in most instances to the
The
Co.,
Moseley & Co
Paine, V.'ebber, Jackson &
William
ing operations.
industrial
—
_
J.
quality of the product manufactured.
Flat glassware, consisting of
plates, platters and similar objects, are manufactured by hand press¬
.20
Co
Singer, Deane & Scribner_
Curtis
that
Hop-
Pierce
initial production runs it has
demonstrated that production will be increased materially over
of hand blown methods with very little if any difference in the
advanced type and in
an
been
.20
Rauscher,
blowing operations.
The corporation has
the use of a semi-automatic
semi-automatic
.20
_
&
uses.
or
.20
Co
&
Jaffray
hand
.20
California-
of
Northwest
Putnam
1.50
&
Company
Co.
wood
1.50
Legg
1.50
H.
manufactures vases and ornamental glassware for
The foregoing types of glassware are produced either
also
It
by
_
_
Co.,
are
decorative
Pacific
Langley & Co
Wertheim
products
&
&
richs
10,000
5,000
5,000
Fried-
Labouisse,
Howard,
Auchincloss, Parker & Red-
Boenning & Co
5.00Q
W. D. Gradison & Co
35,000
CONSOLIDATED
—
.20
No. of
Shares
Shares
outstanding.
and
.20
Corporation's
.20
1.50
Weeks
consists of 3,000
presently 1,825 shares
.20
1.50
II.
stock issued
common
are
Son__
&
stock
common
follows:
as
Hayden, Stone & Co
Emanuel,
stock
capital
There
(par $100).
.20
1.50
S.
G.
stock
common
in
principally hand blown, semi-automatic
blown
and
hand
pressed
glass
and
tableware.
It manufactures
tumblers, goblets, cocktails and sherbets for household, hotel and bar
Co.
F.
of
.20
1.50
.
Co
Marks &
of
&
Co._
Illinois Co.
authorized
CAPITALIZATION—Total
shares
.20
&
Its
Co.—
l.oO
M.
Marache
—
Sept. 26,
Pennsylvania
plant and business is located in Rochester, Pa.
incorporated
was
Maynard H. Murch & Co.
Moore, Leonard & Lynch-
2.50
Co
Laurence
.20
Hilliard
Corp.—Stock
Glass
Mackubin,
E. Hutton & Co
Laird
1946.
.20
B.
(Pa.)
Kebbon, McCormick & Co.
2.50
Weld & Co.
Dominick & Dominick
Drexel & Co,_
&
19,
also
2.50
.
White,
Hornblowsr
Co.
of
are
usual
was
The
Securi
&
quarterly dividend of $1.37'/2 per share on the preferred
declarel, payable Jan. 1, 1948 to holders of record Dec.
1947.—V. 166, p. 1360.
stock
2.50
.
.......
Hayden, stone
Co.-
shares
of
to' purchase
and
for investment
the same.
several underwriters and the
which each severally has agreed
the
of
names
No. of
HISTORY—Corporation
.20
&
Hentz
number
Brothers
presently do not intend to offer
UNDERWRITERS—The
1946.
.20
Co
&
J.
J.
,
Co.
&
Webster
Corp.
H.
2.50
.
Merrill Lynch, Pierce,
Fenner & Beane
&
Lord
2.50
.
31
.20
__
Blair
Granbery,
.
Co..
Dec.
payment made on Jan. 20 of this year, the current declaration
brings the total to $1 per share for 1947, as against 75 cents paid in
Offered—Kay,
Richards & Co., Pittsburgh are offering 1,000 shares of
common stock
(par $100) at $100 per share.
&
Watts
William
First
2.50
.
payable
such firms
Lehman
and
underwriters
several
that
share has been declared on the com¬
to holders of record Dec. 19. With the
per
25-cent
Rochester
.50
Parker
Southwest Co._
Baker,
2.50
2.50
(Inc.)
Hemphill, Noyes & Co
Kidder, Peabody & Co
Stone
2.50
.
Karris, Hall & Co.
cents
Biair
.50
Co
Wisconsin
75
path
.50
Corp
Redpath
Bacon, Whipple
2.50
.
&
American
of
.50
Co
Gardner
Auchincloss,
Ripley & Co.,
Inc.
Lazard
The
2.50
.
Swiss
2.50
& Co
Reinholdt
2.50
Glore, Forgan & Co
Goldman, Sachs
Milwaukee
The
5.00
.
.50%
Laird, Bissell & Meeds—_
13.50%
Morgan Stanley & Co
Union Securities Corp
Blyth & Co., Inc
stock,
mon
The
Percent.
Percent.
The
dividend
A
follows:
as
the
Reynolds Metals Co.—75-Cent Common Dividend—
principal companies in the industry.
Opera¬
virtually all phases of the business.
encompass
1947
Monday, November 24,
FINANCIAL CHRONICLE
&
COMMERCIAL
to
the
on
a
price
present
basis
of
stockholders
of
£3
a
one
entitled, to any interim dividends
total
a
share
new
share.
These
of 9,648,544
each
for
three
shares
new
will
this year, but will be
paid
final declaration that might be made for 1947.T The
remaining 351,456 shares will be issued "at such time and for such
consideration" as may be decided by the directors.
The net proceeds
will
be
Shell
to
any
used
group
for
the
capital expenditure program of the Royal Dutch
This program is expected to be completed
companies.
by the end of 1949.—V. 158, p. 197.
Shell Union Oil Corp.—Credit Agreement—
A
Pipe
p
loan
agreement
Line
ore
July 1,
jp~>.
Corp.
l
a
>949
with
Wholly
of
1948. The 2'/8%
17
banks
dated
Oct.
1
provides
owned subsidiary,
wh'ch
$5 000.000
may
must be
notes will mature on Jan.
(Continued
on
page
54)
borrow
taken
1,
that Shell
$10,000,000
down
before
1949, on which.
Volume 166
Number 4649
(2109)
Stock Record
«»
New York Stock Exchange
DAILY RANGE OF PUCES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
LOW
AND
HIGH
SALE
PRICES
Saturday
Monday
Tuesday
Wednesday
Nov. 15
Nov. 17
Nov. 18
Nov. 19
I per share
71%
*'80
71%
17
71%
*80
95
*7%
*58 %
f per share
7%
59%
71%
95
7%
*58%
I per share
70%
*80
7%
59 %
71%
59 %
95
7%
7%
7%
x58
591%
$ per share
$ per share
58
73
73
95
7%
*57
7%
58
8
27%
*100
17 %
17%
17%
17%
17%
17%
17%
17%
51%
*48%
49%
49%
49%
*48%
51 %
49
49
36%
36%
37
36%
37
37
37
37%
8%
36%
8%
8%
8%
8%
27%
27%
27%
27%
28%
106
4 Va
19
*100
*88
107
92
4%
18%
*100
4%
17%
4%
19
90
92
37
*80
73%
95
7%
57%
17%
*48%
36%
2,800
400
58
17%
3,100
200
50
37%
2,200
3%
8%
8%
8%
2,600
28%
28%
28%
28%
10,800
85
105
4'A
4 Va
18%
86
85
*100
105
4 Va
18
4%
18
*87
88
*100
4'A
18%
*87
3,600
3,100
50
88
3%
3%
3%
3%
3%
3%
3%
3%
3%
15,500
40%
41%
40
42
41%
42%
39 Va
40%
39%
40%
40%
40%
74%
74%
75
76%
75
75%
69 Va
72
69%
69%
*69 Va
31%
32%
32
32%
31%
*90%
12%
190
31%
31%
95
*90%
12%
*12%
190
*20%
31
3%
95
*90%
12%
*12'/a
191
190
190%
95
32 %
32%
95
*90 %
12%
191
12%
34%
32%
32%
31%
32%
*97 Va
10% Feb
6
27% Sep
38"% Feb
1
33
104
1
Air Reduction Inc
&
No par
Vicksburg Ry
Alaska
Juneau
Aldens
Inc
Gold
100
Mining
10
preferred
Allegheny Corp
1
1,100
Allen
Industries
1993/4
4,700
Allied
Chemical
20%
300
Allied
Kid
343A
1,500
Allied Mills Co
Allied Stores Corp common
4% preferred
5
No par
32%
6,000
98
Va
98%
200
39
39%
39%
40%
39%
40 Va
39%
39%
8,000
94
94
94
94%
93%
94
94%
94%
94%
94%
95
95 Va
1,200
Allis-rChalmers Mfg common__No par
3%% cum conv preferred
100
31
31
31
1,000
Alpha Portland Cement
3,900
Amalgam
*6%
*50
85
86
*84%
49%
49%
7%
8
31
7
31
30%
31
6%
6%
7 Va
6%
30%
6%
30%
7Va
51
50%
8
*50
50%
86
*84
85
84%
84%
85 Va
86%
50%
50 %
50'A
50 Va
50%
50%
50%
51
*50
*50
53
30%
303/4
7
63/4
*50
51
86
86
*50%
1,000
50%
800
8%
21,900
8%
8 Va
*63'/a
64%
63%
63 Va
63
64'A
60 Va
60'/a
60 3/4
61
2,100
21%
21%
21%
21%
21%
21%
21%
22
213A
213A
3,200
73%
*71%
73%
72
72 Va
70
71
71
72
71
1,070
12
*11
65
65
21%
21%
*72
*11
41
41%
109
109%
4%
5
84
177
43%
*106
83
106 %
*23%
24
107
177
11%
41 Va
109 %
177%
177%
11V4
12
12%
41'A
41%
40%
41
108%
108%
1083A
5
84%
84
106 %
*106%
108
*106%
106%
105%
106 Va
1063A
106%
500
23%
23'/a
2,100
*48%
49
49
*21
22
*21
*20%
21
*21
*90%
93
93
93
21 Va
1,800
American
*20 3/4
2IV4
400
100
903A
180
43
42%
43 Va
42%
43
42%
431/2
9,500
American
108%
109 Va
108'A
1083i
107V4
108%
2,200
3%%
32 Va
32%
33%
333A
33%
1,600
American
5%
5%
5%
2,000
American
Encaustic
1,300
1,400
American
4%
4%
5
5
15%
15%
15%
15%
15%
15%
15%
*15
18%
18%
18 %
18 %
18%
18 %
18 %
13
2%
2%
2%
2%
2%
2 %
*86
101
8%
*99
100 %
9%
9%
*37%
*7%
*53
87%
87%
86%
86%
38'%
*37 %
38 %
*371%
38%
8
7%
55
24%
*53
*93
24%
24%
8%
*8
7%
100
12%
24%
19%
*93
*111
12%
12%
14'/a
14%
113
19%
*111
19%
112%
AND
HIGH
Saturday
Monday
Tuesday
Nov. 15
Nov. 17
f per share
22%
*93
22%
943 4
*9'A
934
*27Va
27%
132
*130
6 per share
22%
*92
22%
94
*9%
27%
9%
27%
132
*130
t per
22%
*91%
9 Va
X27%
*129
12%
14%
111%
22 %
*92
27%
133
9%
*
27 %
*129
22%
93 Va
9%
27%
132
*93/4
10'/a
*9%
10
*9%
10%
10
10
32
32
32
32
31%
32
31
31%
9%
9%
9%
101%
101 Va
100%
91V2
91 %
91
15
15Va
*178
180
31%
100
15%
32%
100 Va
100
10%
91%
180
31%
100
*103/8
15
180
32
9%
101
10%
10%
*18%
19%
19
19
*39
39 Va
39
39
67%
68
67%
68%
9%
9
100 Va
15%
100
Xl7%
68%
156
34
34
34
*34
*138
142
*138
142
*138
154
156 Va
28%
28%
28%
*25
25 3/8
*25%
25%
*22%
23%
28%
41%
*131
41%
19%
153
693A
*142%
42
42
132
18%
193/a
152%
43
68%,
25'A
152%
{'5
1
69'/a
69%
70
69%
69%
69%
71
143%
142%
56%
56%
56%
*118%
1193/4
119%
143
57
119%
142
i5e
143
18%
49
102
*94
6%
*62
10
100
No par
American
6%
Co_
& Leather
10
1
com
preferred
Home
50
Products
l
115% Jan
13
25% Feb
79% Oct
Oct
23 y2
Nov
Oct
28% Aug
8
0
129% May
44'/a Apr
Sep
118
3
101 % Feb
7
00
July 29
42% Apr
5
9% Oct
14
37% Sep
5% Oct
55%
5% May 19
Jun
27
44%
Oct
63
Jan
x34%Jan 10
10% Jan 24
31%
Dec
35%
Nov
8%
106% Mar
99%
Sep
Jan
9%
Sep
37
49
Jan
16
22% July 30
May 16
Apr 23
9% May 17
55
7
5
American
1
18% May 19
30% Feb
10
7%
preferred
100
110% Jun
4
13
116
Jan
0
STOCKS
Thursday
f per share
22'A
2 2 3/4
92
92
*9%
10
27Va
*129
27%
132
*9%
Friday
Sales for
Nov. 21
the Week
t per share
22
%
*92
9%
27 Va
130
NEW
YORK
3,100
933'4
20
9%
400
27%
2,500
132
50
3.90%
Highest
$ per share
$ per share
18% Jun
10
100
92
20
No par
& Metals
9
preferred
Nov
Sep 25
x25% May 19
100
10
*9%
10
100
American
Molasses
32
*31
com___No par
American Metals Co Ltd com_No par
6%
31
31
800
American
News
22%
111
Nov
bep
129
Oct
21
1
Co
Co
10
Nov
13
No par
28% May 27
28% Sep
101
Lowest
S per share
2
21%
Oct
16
15%
*T78V4
100%
10%
33%
101
10%
68%
34%
29 Va
25%
44
69%
153
34%
139
33V4
100'A
10%
177/a
*38%
68%
152
34
18%
2,500
800
170
68 %
69%
69%
26
153
152%
1%
29%
43%
132
34%
*140
29%
34%
144
29%
3,100
Snuff
American
44
900
American
1061/4
Jun
Nov
251/4
Jun
32y2 July 17
23%
Oct
43%
147
July 17
14% Feb
7
152%
153
%
19,100
1%
1%
175,800
69%
69%
1,600
11
Dec
Oct
69
69%
142%
143
57
57
57%
119
6,100
420
3,200
119%
780
18%
18%
17%
18%
39,100
Am
49
48%
49%
29,700
American
101
101%
101'A
101
96%
67 a
97%
97
97%
66 Va
35%
35%
35%
*62
7
7
65
*62%
7
*62
400
900
65
2,400
5%
36
36%
23,600
Dec
20
33%
8eo
52
Apr
69% Nov
7
73%
Jan
par
100
Wks
&
27%
Nov
50%
25 V4
Dec
Sep
34
May 17
new—5
100
25
25
100
common—14
100
Elec
com—_No par
common—No par
preferred
25
Copper Mining
50
Wire
106
*103
105
53
*53
19
10 3/4
10%
*10%
11%
11
11
*11
12
*11
5
5
5
5
5
37%
*37%
37i%
12
%
5%
37%
37%
53%
19%
4,000
*11
12%
200
5
5%
1,100
37%
500
37 Va
300
Anderson,
Clayton
Anderson-Prichard
Andes
Copper
&
Co
Oil
Mining
A P W Products Co
Inc
Archer-Daniels-Midland
12
May 19
26% Jan
Corp
No par
90
62
May
2
30% May 19
45% Jan 15
Feb
May
38% July
58 % Feb
159% Nov
200%
Jun
Oct
99 %
Sep
2-^0^29
82% Feb
5
84% Feb
5
73
163% July 23
58% Jan
3
150
48 Va
Oct
May
100 V* May
174
July
78
May
120% Aug 12
18% Feb
8
1163/4
Sep
121
13%
Oct
76%
29%
87%
Anaconda
& Cable
Apr
Feb
Apr
Apr
100%
18%
102
7
50%
172
158
13
53
19%
19
Nov
41% May 17
xHG% Oct 10
4
38 i/s Oct
138
13
*104
53%
61% Apr
140
174% Feb
Jan
22
110 % Feb
Anaconda
102
19
15
2
Oct
103% Feb
Anchor Hock Glass Corp com—12.50
$4 preferred
No par
193/a
19
Apr
20
5"% May 19
2,200
'70
54
62
Jan
146% Feb 24
May 23
68% Jun
5
1,430
102
149% Jun
x45
1
com
35%
19 %
May 19
18% Oct 30
No par
Smelt
70 3A
*53
116
7
50% Oct
35%
102
3
160
16
100
&
Aug
Feb
43
24
69%
19Va
Dec
191
8
70%
54
34%
Sep
Oct
Feb
35
103
45%
165
29% Jan
Oct
40
July 17
28% July 24
35
19
May 19
172
37
B
Woolen
Lead
20
Jun
69 Va
*53
Nov
21
70
103
48% May 19
152
25% May 19
23% Jun 10
common
prior preference
Zinc
27
5
Preferred
Conv
Amer
Jun
6
35%
19
9% Aug 25
Sep
35%
53
Feb
19
69%
104
95 %
33
69%
18%
109Va Feb 24
99
14%
35%
53
Feb
May 21
42% Aug
108% July
15
67
104
Feb
186
Jan
42% Oct
35%
18%
23
Nov
27%
16% Feb 10
22% Feb
4
37
54
Nov
Xl73%
7
15% May 20
67%
18%
12%
8
Mar
preferred
Wtr
$5 prior conv
363/a
7
Oct
21
Jan
preferred
48%
Jun
Feb
1'A Nov
Tobacco
American Viscose Corp
18%
Apr
22%
17
Rights
6%
60
133% Aug
123% Aug
158
American Tel & Tel Co
49Va
98
Tobacco
Jun
July
July
34
100
class
17%
No par
Co
Sumatra
Common
163
31
Preferred
American
39'A Feb 24
16% Feb 24
133%
par
Sugar Refg common___100
American
451/4 Mar
Nov
No par
Stores
*43 Va
Highest
I per share
37ya Feb
33
Stove
Jan
May
186
Jan
24% May 19
139
American
Nov
11% May 19
176
25
American
18%
1021/4
common
800
47%
102
5
9% May 19
preferred
100
Steel Foundries—No par
300
119
par
non-cum
26%
153%
143
6%
23%
119
119
100
Safety Razor
25%
600
70%
American
preferred
*22%
1,400
70
conv
10
com
American
230
19%
71
4%%
par
100
Rolling Mill
900
129%
l3/a
San'y com___No
Preferred
American
470
154
10,700
19%
70
563A
153
Amer Rad & St
com—No par
American Seating Co
No
Amer Ship Building Co
No
Am Smelt & Refg common__No
Preferred
129 %
69 3/4
142%
10%
19%
70%
142%
570
18%
22 3/4
1%
100'/a
10%
26
19%
100%
39
22%
*129%
60
13,200
17%
29%
43%
31,600
33%
39
23
44
16
178%
33%
17%
29%
25%
35%
67
10%
15%
178
39
140
19%
142 %
101
34%
140
131%
70%
33%
I543.',
*19%
69%
15%
18'5
Jun
jun
44%
12%
Jan
185
May
16%
15%
98
88%
15%
118
3
21
Light
18% Mar
15
117% Feb
&
Jan
Jan
89% Nov 21
Power
Jan
15% Feb
No par
Amer
May
Year 1946
Lowest
preferred
cum
Amer Machine
l/4 ft/To.
Range Since January 1
Par
Amer Mach & Fdy Co
1 1
12%
Range for Previoas
STOCK
EXCHANGE
Shares
22%
Jan
Oct
28
100
14'A
Sep
18
Oct
112
5%
100
8
14% Nov
*111
Feb
Jun
13%
17%
May 19
353A
6% Feb
11
90
663/a
page 28.
6
89% Sep
8% Nov
11%
17% July 28
12
112%
Jan
20% July 15
1
67'/a
X37%
9
100
38
38
'
10
American Invest Co of 111
common
Apr
32 y2
Sep
preferred
7%
*37%
July
5%
$5
634
37%
75
6
7
1,800
95%
For footnotes see
41% Nov
Jan
6% Feb
46
American
67
37 Va
Jun
34'A
48% July 28
118'A Oct 15
Jan
67/8
5
108
Sep
96%
5
Sep
Dec
Sep
6%
5
97 Va
100
Locomotive
Feb
20%
800
9,300
Jan
4
14%
20
40%
150
Mar 12
12%
19%
Sep
Feb
24
*12%
20'A
104%
Oct
*14
100
Nov
17 Vt
14%
International Corp
21 y0
.5
7
12%
38
5
Aug
Jun
6
preferred
72% May
132% Mar
16% Sep
2% Jun
No par
common
non-cum
13
Nov
96% 'OH
102
3% May 19
40
42
8
26 % Feb
25 % May 19
No par
Inc
210% Mar
56
21
1
106%
Dec
28% Feb 10
110
Feb
6
7
107% Nov
Oct
Mar
115% Jan
47% Oct- 8
19
Sep
5
xl9% Sep 12
90
Nov 21
20
Tiling
Hawaiian SS
American Ice
May 21
Nov
79
184
99
94
42
1
196% Sep 12
54"% Feb
1
7
971/4
96%
35%
100
preferred
American Hide
36
Nov
34%
*101%
*62
Feb
Jan
175
10%
96 Va
35%
17%
21
102 %
67
Oct
129 % Feb
6%
35%
Apir
5%
6
*94%
*62
6 4'/a
99
*101%
35'/8
Jan
Uui
No par
6%
66
35
Jun
30
3b y«
preferred
101%
7
88%
Nov
3
$6
95 %
*101%
Onl
12%
Feb
2,400
57'A
47 3A
1? %
5
50
26,700
1191/4
18%
7
17% Feb
9%
57
47 3A
—
77% Jan
90%
119
18%
100
July 15
May 19
May 19
100'A
5 6 3/4
46 3/4
*93
67
9%
119%
18 Va
1,100
Jun
y
89 %
56%
47
13,000
8%
Apr
Dec
45 %
7
99%
119%
17%
"HI
25%
8%
19%
74%
Oct
11
9%
152%
153
47
19%
131%
70
1
12%
*14^
25%
Nov
Nov
11% Apr
37 % Nov
90'/a
*22%
132
153%
1%
1
25%
Apr
25%
10
com
com
Export Lines
conv
91% May
53 y2 Jun
67%
Amer & Foreign Power com__No par
$7 preferred
No par
$7 2nd preferred A
No par
6%
Sep
Mar 26
_10
preferred series A
American
39% May
12yi Apr
75
100 %
139
23
iV
5
16
100
Oct
9%
153
29%
69%
1
1
1,400
62% May
Nov
95%
64%
50% Oct 23
105% July 18
;
American European Secur
$6
July
Oct
6%
8934
17'/8
19%
*19
8
53
Sep
Jan
63% May
108
44
100%
39
43 3/4
131%
8
53
25
3
9%
17 Va
34%
28%
500
8
55
23
Apr
9
July 24
90%
39
140
25%
37%
3
Jan
8% Feb
100 34
18 %
155
*22%
37%
500
Nov
9%
33
10 Va
69Va
l53Va
1/k
69'A
23
*131
132
*19
23
155
84%
91%
90 V8
39
39
34
33
100%
10%
37%
*82
*53
*178%
15%
185
32%
*154
Va
91%
*180
3 7%
85^
Nov
27
100 Va
101
91
85
Nov. 20
6 per share
9 %
13,200
36,200
Cyanamid Co
PRICES
Nov. 19
93
1,000
9%
100
111%
23
2%
98'A
9%
*93
Wednesday
share
2%
x98'A
9%
3
20%
SALE
2%
100%
9
3
100
12%
Nov. 18
2%
100V4
25
197e
112%
15%
18%
3%
*14
20
15%
18%
25%
*93
14%
"111
8 %
55
8%
12%
19%
37%
7%
25
100
12%
LOW
37%
8%
*14
37
*53%
25
8
12%.
19%
55
24%
100
*93
36 %
7%
*53%
8
14%
*14
7%
7%
55
10%
10%
87%
2%
100
100
10
16
18%
30%
99"% Oct
May 21
20% May 21
Distilling Co
*4%
4%
*99
Colortype Co
American Crystal Sugar
4% % prior preferred
21'A
32
Nov
Jan
100
90
31%
Nov
99 %
80
No par
*21
108%
31%
31
.,100
Co
92
31%
9
Chicle
21«A
108 Va
6
39'A Mar
26
No par
Inc
*90%
31%
100%
preferred
Cable
*21
108%
39
20% May 19
25
:
91
108%
29'/a
Sep
8
21'A
108%
Dec
29%
7% Feb
91
*21
Jun
i.8%
105Va July 28
42% Oct 14
18
July
Jan
7
14
3% May 19
82% Sep 23
American
21 Va
113
212%
36% Oct
1
93
21%
*91
Jun
Oct
Oct"
12
preferred
conv
50 V2
21
108%
8%
5%
50
21
42%
100%
30
50
21 Va
43%
2%
107
49%
61% May
22% Feb
30% May 19
91
91%
154
110% Nov
non-cum
21%
49
Nov
98
12
108% Oct 30
Chain &
49%
42%
4%
106%
2,000
18
May 17
29% May 17
30
Jan 16
Apr
100
Shoe
Can
22
43%
31
107
.
Jan
60% Nov 20
Preferred
100
American Car & Fdry com—No par
49 Va
42%
15%
cum
Amer
23%
*106
104
preferred
Brake
7%
23%
23%
107
Oct
9
common
106 %
23%
Jan
3.6
American
443A
*106
38
1
5,900
178%
44%
23%
18
com—No par
Radio Corp
178 Va
107
Jan
48% Feb
13
Co
Amer Cable &
44%
23%
Corp
7,100
178 Va
*106
Jan
82
34 % May 16
7% Nov 14
50
Bosch
5Va
44%
23%
69%
Oct
1
common
preferred
American
179%
22
*18
6%
Note
4%
450
8%
Oct
52%
10
preferred
conv
1,500
45
Oct
29%
100
American Airlines common
109 Va
181%
3%
8
90
cum
Feb
51% May
103
Aug
17
7
3%%
Mar
12%
,
Feb
44
Mar
American Bank
135
Oct
76"% Nov
73
1
__50
Petroleum Corp
No par
Agricultural Chemical_No par
Amer
85
Dec
Amerada
44'A
107
No par
com
preferred
2,000
4%
84%
90%
Amer
177%
49
5
4%
84%
Nov
51
44
49
*4%
4%
84
700
Sep
25
35
43%
*106
31%
*70
5
2
16
43%
*21
*31
8 Va
41%
4%
83%
11%
8%
109 Va
41%
109
5
4%
83
12
*11%
41%
109%
8 Va
Feb
8
Jan
43%
23%
107
*11%
4%
83%
176%
43%
40%
109
4%
84
177
12
40%
109
8%
8 Va
8%
No par
100
Inc
20%
59% Apr
18
24"% May 19
5% May 19
Leather Co
convertible
Jan
Feb
46
6%
Feb
Jun
41%
Nov
8%
24%
68%
Sep
Dec
24%
102% Aug 11
5% Feb
4
2% May 19
25% May 19
56
Jan 13
Dec
.
Jun
6% Feb
18
.
91
5
31%
6%
FAb
.t
Oct
13%
21
Co
Inc
,
Apr
31% Jan
12% Nov
98
54%
May
199% Nov
39
6%
x50
10
99 Va
*50
May
1 Feb
25
38%
*30%
19
May 20
98%
*97
169
Nov
11
38%
98
Oct
8
90% Nov
38%
*97%
105%
7
164
new
Dye
*98%
98
112
17
30% Nov
July 28
1
12%
198%
32
*99
Aug 27
Apr 14
Nov
6, %
10% Feb
60
Highest
7
No par
*12 Va
Inc
110
15
85
preferred A
100
prior conv preferred-No par
&
104
4
17% Nov
100
common
Jun
4
5
common
Allegheny Ludlum Steel Corp_No par
Alleg & West Ry 6% gtd
100
*20%
34
10
6,600
34%
34
*20%
40% Oct
Corp„10
33
20%
34'%
Addressograph-Multigraph
Admiral Corp
95
34%
34
31%
10
32%
32
33 Va
31%
Jan
*90i/4
20 Va
20%
33%
31%
55
1
90
87% Jan
J per share
share
29
20
May 27
30% May 16
6
May 19
10
No par
$2.50
20%
20%
33%
31%
Oct
18% Oct
38
Co
Adams Express
Adams-Millis Corp
4%%
6% May 21
43% Apr 19
13 % May 19
Co
5%%
12%
12%
Steel
Acme
66% May 20
3,800
190%
197
Motors
$ per
2.50
& Straus
ACF-Brill
Year 1946
Lowest
No par
No par
com
15,900
12%
33%
20%
95
Range Since January I
Lowest
Highest
t per share
S per share
72
191 %
191
21
*20 Va
*90%
Abraham
.
Alabama
105
4%
18%
3%
3%
Abbott Laboratories
—
7%
8%
18
Range for Previous
STOCK
Par
1,800
28%
*100
YORK
EXCHANGE
Shares
28'/a
4%
18 Va
85
73%
NEW
the Week
8%
'
105
4'/a
18
Sales for
Nov. 21
*80
71%
*80
95
7%
Friday
Nov. 20
$ per share
71%
STOCKS
Thursday
17%
*48%
17
10% Jan
69% Apr
42
Mar
20
6
1
7
Oct
Sep
Jan
Jun
283A
Jun
703/4
Jun
Dec
182%
Jun
Dec
105V4
Nov
Sep
15%
Jan
64
Dec
90
5
35
Oct
51%
Feb
71% Oct 29
41
Jan
38
Sep
Sep
60%
4
111% Mar 10
108
May
Dec
62% May
xll4% Mar
21%
46% Jan
16
58% July
7
43%
Jan
x64Va July
10
20
14% Anr
15
15%
Oct
10% Nov
15
13%
Sep
27% May
243/s Feb
5
3% Jun
17
20% July 24
16
Jan 29
0%Feb 21
4%
Nov
103A
Feb
Apr 29
39% Oct 15
26% Mar
41%
Dec
No par
35
102
30
Nov
20
Nov 20
51
Jan
•
18
NEW
y
LOW
Saturday
Nov. 17
13%
i'l
108
13%
13%
$
48%
48%
48
98%
98 %
99
15%
*15
♦14%
15
15%
107
$ per share
13%
Sales for
the Week
$ per share
13%
NEW
Par
14%
109%
110
800
49
48%
49J/4
48%
49
1,800
97 Va
99
97%
97%
97%
97%
470
15
15%
*14%
15'/2
*14%
15%
300
Arnold
15
*14%
15
14%
I43a
500
Artloom
15%
4,400
99
15%
*14%
15
15%
15 Va
15%
21,800
109
15
15Va
14%
Constable
Associated
105
105
105
105
105
105
*105
107
100
6%
*102
103
102
102
*102
105
70
7%
2d
106%
*104%
28%
28%
28%
80%
80%
80%
80 %
101 %
101%
101%
15%
15%
Associates
P:
♦47%
75
35%
29
29
29
29
29
1,200
83%
81 %
83'%
83%
853'a
8,900
100 Va
100%
101%
101%
100%
100%
100%
15%
15%
15%
15%
16%
16
16 Va
16%
47 Va
47%
47%
43
47%
47%
29%
30
*29%
30
29%
30
76
*71
76
47%
30%
♦71
23%
82%
47%
29%
48%
♦28%
28%
82%
101%
15
28%
80%
29%
*71
75
*71
36
37
36%
36
'
*71
X36%
37
109
36%
*106
15% Oct
21
130% Jan
24
5%
ATP
1,100
Atlantic
Atl
;
76
36%
Investment
22
14
105
102
May 17
N°v 18
Nov 18
7
110
Feb
17
19
Jan
13
135
July
Sep
65
May
Nov
18%
Dec
12
Oct
Nov
17
109 %
110
96%
96
96%
96%
96%
23
23%
23%
23%
23 %
233/8
66%
65%
1 ■
♦112
Line
♦23%
108
200
4%
96%
97
490
Preferred
23 %
23%
23%
23%
23%
23%
2,200
66 V4
460
*65%
112%
*23%
27
*23%
*23%
x66 V4
114
*112%
114
*23%
23
*23%
28
66
112%
28
66
*112%
66%
114
*65%
27
7%
7%
7
100
4
124%
Dec
153
May
4
125
Deo
148
May
121
May
125
Jun
34
Sep
99
Jan
2
78
May 28
112
Feb
10
28V4 Nov 13
2
Oct
100
Oct
10 % May 19
18% Feb
15
13
Oct
29% May
No par
40 % May 17
59
Feb
13
45
Sep
83
23% Jun
34% Feb
15
26%
Dec
49% May
68
Dec
94
8
31
Nov
22
105
Nov
common.—1
1C0
.
„25
4
Jan 22
31% Apr 15
62
1,100
Tack
7%
7 %
7
14%
14%
14%
14%
*14
15
100
♦19%
20
19%
19%
19
19%
19%
20
20
20
19 Va
20
3,900
Autocar
♦17%
18
17%
17 Va
17 Va
17 %
17%
17%
17
17
16%
17
1,500
5%
5%
5 Va
5%
5 %
5%
51%
5%
5%
16,400
7
*14%
15
*14
15
Conv
Avco
No par
100
Corp
Automatic
5%
7%
21% May 19
common
Nichols
Austin
*6%
15
♦6%
No par
Mar 29
77
39% July
Canteen Co
Mfg Corp
5%
♦40%
41%
41
41 %
41%
41%
41
41%
41 Va
41%
40%
40%
1,100
$2.25
♦14%
14%
14%
14%
14 Va
14%
14%
14%
1434
14%
1434
15%
1,500
Babbitt
15 %
15%
15%
15 %
15 33
15 Va
15 Va
15 %
15 Va
15%
15%
1534
13,100
Baldwin
11
11%
11%
11%
11%
12
12
12 %
11%
12%
11%
12
13,000
Baltimore
16
16%
16%
16%
17
17%
17%
17%
17
17%
17
17%
14
14
*13%
14%
*13%
14 %
*13%
14
14
14
14
14
66
66
No par
X53%
Nov
9
114
Nov
30
25
Sep
27% Jan
51% May
130 Va
34%
Jun
973/4
135
Apr
Jan
Jun
^0% Aug
253/4
Jun
10
101/4
Nov
18% Feb
18
16%
Sep
233/4 July
Nov
13
29% Jan
29
18
Nov
373/4
Jan
16% Nov
21
27% Jan
27
15%
Oct
323/4
Aug
4°/a iviay id
7% Feb
8
6 Va
Nov
14%
Feb
41
Oct
83%
Feb
17%
Nov
387/a
Jan
5% May 16
common.._3
preferred
conv
22'/2 Mar 11
22'/a Oct
July 28
121
Jun
May
8
July
73
19
19
Amer—5
of
(The)
18
13% May 19
5c
Aug
26%' July 24
Apr
57
No par
Co
113% Sep
105
112% Nov
No par
common
prior pfd ($1.20)
5%
15
95% Nov 13
preferred
conv
♦14%
B
—
Atlas Powder
107 % Jan
100
—5
series
$3.75
Corp
Atlas
7 Va
*7'4
preference series A—100
conv
4%
Jun
13
Feb
May 19
preferred
Refining common
97%
Atlas
32%
20% Feb
66
RR
I SS Lines
W
97
*106
Aug
134
100
10
Coast
96%
108
36% May
30
10
96 Va
*112%
65%
*112
27
1
114
65%
65%
114
110
Feb
112%
132% Feb
'
110
110%
96%
♦110
18% May
Sep
102
4
17% Feb
Sep
42%
100
non-cum
Atlantic
Sep
Jan
com..100
Inc
&
G
14
10 V4 May 19
10%
112
55
Highest
f per share
Co—
Pe
preferred
5%
5,300
100
100
common
1,200
:
47%
31
common... 1
Topeka & Santa
3,900
16%
47%
35%
New
Atch
1,800
101
30%
*71
76
36
108 Va
37
9% May 19
No par
Dry Goods
preferred
preferred
1st
104
♦28%
Corp
Corp.
102
♦104%
S per share
103% Sep
8
38'/i Jun 10
97% Nov 19
No par
No par
5
preferred
$3.75
108
106 %
$ per share
5
com
prior preferred
Cork Co com
$6 conv
Armstrong
*105
107
$ per share
Lowest
No par
Illinois
of
Highest
•
109
15%
14'%
Co
&
Armour
110
Year 1946
Lowest
Shares
13%
14%
Range for Previous
Range Since January 1
STOCK
YORK
EXCHANGE
*48 Va
14%
15%
15
15%
Friday
20
109 %
*15
15
t per share
48%
99
15%
15
STOCKS
Nov
14
48%
Monday, November 24, 1947
STO<
Nov. 21
Thursday
Nov. 19
share
YORK
CHRONICLE
PRICES
109
109
%
99
♦15
per
SALE
Wednesday
18
.
13%
13%
109
*108
108
48%
£
Nov
$ per share
S per share
HIGH
Tuesday
Monday
Nov. 15
i
AND
& FINANCIAL
COMMERCIAL
THE
(2110)
12% Feb
49
13ViMay27
16
May
14% Nov
8
Feb
39
May 16
B
1
♦64%
66
*65
66
*65%
66
66
47
x45%
453/4
*46
47
47
47
*24%
24%
50%
32%
50
50
323/4
*50
25%
50%
24%
25%
*50
■1.
*66
66
*46%
32%
33
25%
67
47 Va
47'%
25 -'4
*25
25
253a
*50
50%
50%
50 V4
33
33
33 V4
32%
*46'%
24%
*50
32%
3,800
700
30
47%
1,000
25
500
50%
30
4%
T)
(B
&
Bangor
&
Conv.
5%
Barker
33%
6,300
12 3/8
12%
12%
12%
12
4
12%
12%
2,700
Bath
24 Va
24 Va
*24%
24%
24%
2433
24»%
24'%
1,100
Bayuk Cigars
*40
41
41
41
*40%
40%
40 %
40%
41
41
41
90
90
91%
91%
20
*19%
*19%
99
*93
8
*8%
8%
91
92
*91%
93
140
20
20
*193,4
20 %
20%
20 %
700
*95
98
*95
98
98
98
8%
92
92
20
98
19%
*95
98
98
92
91
20
500
8 %
*8
8 3/8
8'%
7%
8
*32%
33
32%
32%
32
32
31%
32%
32
32%
32
32 %
32%
33%
33 %
*16%
16 %
*16%
16%
16%
16 Va
1634
16%
16%
*12%
13 %
*13
*22
22%
*30
*30
32
~
32
31r
16%
8'4
110
8%
Barnsdall
Oil
Iron
Beatrice
Foods
3%%
cum
Beaunit
16%
900
Beck Shoe 4%%
13%
13 %
13 Va
13%
13%
14 Va
14'/4
14%
3,500
Bell
Aircraft
22 34
22%
23
23
23
23 V4
23%
1,800
Bell
&
100
*93
99%
99 Va
100
*98
100
Sep
88 %
36%
Apr
64% Aug
July 28
25%
Dec
41%
9
48%
Oct
57
5
21
Sep
31
May 19
50
Feb
28 %
54 % Jan
20% Apr
17
19% Feb
8
18%
Dec
Jun
18
24% Nov
20
21 Va
Oct
24%
Nov
40% Nov
19
62
Jan
2
46%
Sep
73
May
110 % Jan
31
25
common
18
15
100
90
Nov 15
2.0O
pfd
13
Sep
100
preferred
1
98
34% Nov
12
20% Aug
Nov 17
0% May 27
Nov
30
21
30% Jun
2
104
Feb
Feb
17
11
Nov
10% May 21
18 % Jan
6
10
16% May 19
24% Nov
10
._
31%
31%
31%
32 %
32 Va
33
32%
32%
32
32%
3,700
Bendix
24-%
24%
25 Va
24%
25
24%
25
23%
24 V4
23%
24 3
a
8,100
25%
25 %
25%
25%
24%
25%
24%
25
24%
2434
24%
24%
1,500
Bendix Home App Inc com
23%c
Beneficial Indus Loan com..No par
100
preferred
18% Oct
99V2 Nov 19
106% Aug
May 17
14
*84
88%
*84
25%
25%
253/4
*26 Va
27
26%
2634
26 3
30%
30
30%
30 3a
30%
30%
30%
30%
96%
97%
97
98
97%
99 %
99%
100%
*136%
138%
137
137%
60
60%
*60
15%
*84
88%
60%
15%
LOW
No\
Nov. 15
.
t per share
7
*29
*28%
AND
f
per
39% Feb
7
28%
Oct
58
25% Nov
12
21% May 20
28% Jan
24%
Sep
36 % May
96%
Dec
112% Aug
Oct 28
103% Feb
&
Co
1
25% May 17
35% Jan
21
29"% Nov
Foods
1
19% Apr
19
32% Oct
29
22
Feb
31% July
99%
101 1/4
15,100
101% Nov
3
85%
Nov
114% July
140 %
900
100
76% May 19
136 % May 19
150
Jan
27
143
Deo
168
No par
46% May 20
b6
Feb
No par
14 % May 19
18% Jan
53
Nov
140
140%
59'%
59%
14%
Cum pfd
60
15
14%
1,500
700
Bethlehem
7%
Steel
Bigelow-Sanford
Birmingham
com—No par
Carpet
Electric
Co
1 per share
t per share
Friday
Sales for
Nov. 21
Nov. 20
the Week
I per share
NEW YORK
Par
29%
29%
29%
29%
600
15%
15%
16
16
16%
16%
16%
16'%
16%
16'/a
2,700
Blaw-Knox
3234
32%
33%
34
34%
34%
25Va
24%
35
9,100
Bliss
18
18
18
17 34
17%
18
18
700
Bliss
29%
Black &
18
17%
17%
17%
37%
*34%
37%
35
35
36%
*34%
36 'a
*34%
36%
10
18%
18%
18%
19%
19%
20
20
20%
20 %
20'%
20 Va
20%
7,800
Boeing
30%
30%
29%
30
29%
30
30 %
30%
30 34
31'%
31V4
31%
3,400
Bohn
96
*93%
96
*93%
96
96
96
95%
95 Va
20
*93
97
*50%
43%
52%
52%
50%
51%
50%
50%
50%
50 %
*50%
27%
26 3
4
2634
27
27 %
27 %
271%
27 Va
2 7%
43%
52 %
27%
43%
51%
26%
51%
*27%
43%
43%
43%
43 %
44
43%
43Va
53
52%
53
52%
54
53%
52%
*94%
96
*94%
96
*50
43 %
52%
51
80
*3%
*36
8%
*73
96
95%
*94%
*94%
96
*943a
3%
*3%
3%
3%
3%
3%
3%
*334
3%
37%
*35%
36%
35%
36 %
36%
3634
36%
3634
8%
8%
8%
8%
8%
8%
838
8
J/2
8%
3%
*36
2,500
Borden
5,000
8 Va
95%
3%
300
Boston
&
3734
400
Bower
*70
87'%
12
11%
12 Va
12
12%
12
12'%
12 Va
33
33%
33%
33%
33%
34
34
34%
33%
34%
34%
34 3a
303/B
30
30 %
30%
32%
*101
17
*31%
*102
30
32%
32
32%
102
31 Va
102
*101
*101
17
30%
31
31
*101
102
16%
17
32%
31%
31%
*31
32
103 %
102
102
*102
31%
32
102
17 %
103 %
30%
100
17%
17%
*31 Va
*100
17%
32
102
31
3034
*101
17%
*31 Va
*100
31'%
31'%
102
*86
31 1/4
321,4
101
173 4
32
171,4
*31 Va
102
100
:
31%
3,300
Briggs
33
4,100
4,100
32
100
100
40
23%
22%
22%
*22%
23 %
23%
23 %
23%
23%
*22%
23%
400
19%
19%
19%
19%
19%
20 Va
20%
20%
201/4
20%
201,8
20%
8,000
*123
124
124
122
122
*122
124
*122
124
*122
124
&
$3.60
Inc
preferred
Bruns-Balke-Collender
10
7%
10,100
Budd
Co
11%
73%
72'%
72%
72%
*35
36
*35
36
*35
36
36
36
36%
*353%
36%
100
Buffalo
*89%
91%
90
90
*90
91'/a
90
90
91
91
*90
91%
300
Buff Niag El Corp $3.60
*18
19
*18%
18%
*18%
19
19 Va
20
1934
20%
20
20 Va
2,200
*32%
33%
*33
33 Va
*33
333:,
20
33%
33%
20
20%
95 Va
*93
95%
19%
95%
*93%
95%
*89%
91
*89%
91 Va
*89%
91%
*85
88
*85
88
*85
88
15%
7%
8%
8%
*82%
8
15
15%
15
15%
19 3 4
*93
84 V4
8%
*81
73%
20 %
19%
*93
19%
73
15%
8%
89 Va
*85
15%
83a
*81 Va
90
88
153/a
8%
85
*35%
*33
20%
*93
88 %
*85
1514
8%
33'%
33
33'/8
20'.4
20%
20'/,
95V4
*9314
270
95 Va
88 Va
88
88 Va
*85
15 3'8
8'%
15
8%
88 Va
300:
7,700
$5
900
[
12
1238
12%
12 Va
12%
12%
12V4
I2V4
12%
12Va
92 Va
92
92
91%
92 Va
91 J%
92
92
•
3 '4
3'4
1.200
2034
1,800
*101%
*25
*19
*
101%
101 %
Bush Term
3%
20%
20%
2014
203/4
*101%
102 J/4
*101 %
102'%
102%
102%
160
Byers Co (A M) common
Participating: preferred
26
25%
25%
25V4
25%
400
Byron
32%
32%
323i
*25
9
95
67
Jan
35% Feb
42%
Sep
55
Oct
36
Nov
102
Sep
99
Dec
49% Jan
Zinc
Jackson Co_—
Jan
Apr
57%
Apr
61%
Jun
107% Aug
6 % Feb
4%
Sep
11%
Jan
39% Feb
30%
Dec
35%
Deo
13% Feb
12
Dec
34%
Jan
72
Jan
95
Dec
8
85
11%
30
23%
30%
101
16%
96
Jan
13% Sep
20%
40 Va Feb
11
30 %
Oct
53%
Jan
31% Feb
10
23
Oct
42%
Jun
18% Feb 27
35%
Jan
Feb
70
May
115
Apr
Jan
2
109% Apr
3
28% Feb
5
25
Oct
38%
11
36% Jan
7
31%
Sep
45% May
Nov 21
106 % Apr
30
Oct
110% Mar
27% Feb
3
25% Jun
100
8
10
18
17
19
20
21
17
20% Sep
10
13 % May 19
120
Jan
2
9
May 19
72
25 %
90
14%
NovMay
Now
May
26
20
20
17
19
63
105
124
Sep 30
14% Feb .7
86% Feb 18
Nov
103
Apr
20%
Or*.
38%
14
Sep
25% May
120
Jan
20% Nov 20
130
Apr
Feb
9"%
Oct
22%
Jun
70%
.
Oct
99
Jun
37% Nov
7
25%
Oct
45% Feb
102% Apr
11
96%
Deo
23% Feb
18
18% Nov
108% Mar
46% Jun
69% May
33
Nov
May 14
38% Feb
10
14
May 19
95% Jan
2
80
May 19
22% Feb
104% Feb
17
16%
15
95% Deo
111
84%
Deo
119% May
84
Jun
4
12% May 19
95% Jan
97
Deo
102% Aug
13
Nov
6
72
May 19
Jun
6
100
Mar 12
6
16% Oct 23
9% Feb
8
Jan
22
88
11 % May 19
24% Feb
7
108% Jan
t'4
No par
Mar
20
May
Sep
Oct
Nov
May
May
Nov
Nov
Nov
91% Nov 19
3% May 17
13% May 19
94% May 22
19
May 19
No par
100
112
3% May 19
32
10
Al/i% -preferred
Copper &
28% May
100
5
101 Va
26
1
common
20 %
*25
No par
preferred—100
Bldg 7%
Bros
1013 4
3%
37% May 19
94
Nov
5
.100
——
19%
3%
38% May 21
100
*3 %
3%
48 % May
i.~5
100
preferred
3%
101%
25%
*25
25%
2nd
19 Va
3%
3%
20
conv
Butler
27% Nov
i— 5
91%
3%
260
69% July
15
preferred
Terminal
Butte
2014
*3%
*19%
20
3,100
Oct
—100
Burroughs Adding Mach
85
52
common—1
Bush
92
8'5
Sep
2.50
100
Inc
2,800
93%
85
Co
Mills Corp
4,700
12%
*38%
Watch
preferred
8 %
12
*92%
85
101
No par
15%
84%
8
No par
1
pfd—^100
Co
3%%
3%%
Jan
No par
common
Co
Forge
Bulova
4%
88
Co
preferred
Burlingtoh
*82
j.
1
(The)
Bullard
116
No par
preferred
11%
"
Sep 26
50 % Nov 18
25
May 19
No par
73%
11%
73%
15
common
11%
11 J/4
Oct
No par
75
11%
42
No par
common
11%
72
35
11
No par
74
11%
Dec
Feb
No par
11%
ll3i
18
59
5
2.50
common
75
11%
Nov
15
17
5
Inc
Co
Bucyrus-Erie
66% May
34
24% Oct
29% Nov
100
Stratton
Co
18% Aug
1
Co
preferred
Brooklyn Union Gas
Shoe
Sep
5
3%%
Brown
May 17
.
14% May 19
(assented )_100
RR
*74
11%
41% July 23
14
18
5
common
Bearing
Bristol-Myers
60
17%
14
preferred
Airways
101
*22%
*122%
Corp
Braniff
4,100
16
No par
A
Brewing Corp of America
Bridgeport Brass Co
Briggs Manufacturing
90
Jun
Oct
2.50
2,400
123/8
*70
Feb
33%
No par
4,600
8%
76
12
307/s
Oct
common
Maine
May
Oct
18%
6
15
Inc
Roller
46
15%
20
(The)
Co
Nov
10
35'/a Nov
Brass
&
class
Borg-Warner
3%%
cum
31
Highest
$ per share
36
Jan
*20% Feb
No par
Stores
tper share
share
18% May 19
...
B
531/4
*72
100
Class
Co
4334
12%
*70
Ami
$ per
25
May 21
12% May 19
Inc
Co
Aluminum
$ per share
.1
No par
Brothers
Airplane
Bonn
12%
76
Bon
Co
common
Laughlin
Bloomingdale
2,900
'
*94%
&
Co
W)
Year 1946
Lowest
Highest
No par
Decker Mfg
Co
'E
Mar
83% Apr
Range for Previous
Lowest
Shares
32%
52 Va May
3
23
Range Since January 1
STOCK
EXCHANGE
15%
*95-
92
STOCKS
Thursday
Nov. 19
*17%
1
(Del)
preferred
*34%
*
$3.25 ser of 1946.No par
PRICES
Wednesday
*34%
17% Sep
Best
59%
•29%
28
Best
14%
29
Jan
Jan
4,400
32%
29
Jan
35%
4,900
15%
29%
Apr
112
26%
32%
29%
37
Dec
30%
88'%
15%
share
Oct
26 %
59%
SALE
Nov
16%
30%
*84
15%
HIGH
15%
102
31
101%
140
Oct
26%.:
59%
Nov. 18
t per share
99
140
138
a
15%
♦
Tuesday
17
*84
60
60
*14%
Monday
Saturday
138
138
15%
*143/4
-
88%
Apr
28% May
15
7
17
38 Va
88 Va
25%
5
Mar
9
'
Aviation
307/a
39% Mar 31
No par
common
110
Jan
40
1
Co
118% July
12
6
12% May 16
Corp
Nov
15
10
Co
111
7
108 % Feb
50
32
30
Jun
May
xl2% Sep
103
*84
Jun
1
24%
4%%
27
Feb
69
55% Jan
May
39% Feb
32
20
13
18
*100
100
Jan
10
Corp
Howell
60
x45% Nov 17
Jan
Jan
May
5
Packing
Belding-Heminway
22%
*98
66
100
(Delaware)_ 10.
No par
Beech-Nut
13%
100
30
RR
22%
22%
Oct
Inc
Aircraft
16%
12%
Corp
conv
Creek
6,100
16 '/a Feb
50
Co
Mills,
Beech
34%
9% May 19
Co
Beech
34V4
47%
Inc
110
30
Oct
common..
Works
5,200
30
30%
18%
preferred
12%
41
Oct
25% Feb
common...50
Corp
Brothers
4 % %
24
12 3
11
11% May 17
preferred
Barber Asphalt
12%
J'2
16% Feb
100
Aroostook
24
32%
24% Feb
7% May 17
13
common
preferred
12%
23 %
6
100
Works
Ohio
24
32%
*12%
1
Inc
Locomotive
6
Feb
10
22% Oct 23
Oct
6% Nov
75
Oct
20% NOV
105
Sep
4%
15
>
Oct
Oct
Oct
26% July
21%
Mar
Jun
15% Jan
98
May
39% May
May
110
9%
35%
Jan
Feb
112% July
3
99
6
19% NOV
40
32% Nov
19
27% Deo
63
Oct
47%
104
Jan
27% Oct
.
May
C
>
31
r
l
*52%
2
31
30%
31
31
31%
32
32%
32 Va
53
52%
52%
52%
521/2
52%
5234
*52 Va
2
2
2
2
2 Va
2
2 »8
2
53
*52%
2%
2
53
2,900
30
2 Va
2,500
California Packing common_.No par
5%
50
preferred
Callahan
-1
Zinc-Lead
7%
J
7'
7%
7%
7%
7%
71/3
7*2
2,700
Calumet' & Hecla Cons
30%
15%
31
31
31
31
31%
31%
*30%
3034
1,200
15%
15%
15%
15%
31%
15%
3114
15%
15 Va
15Va
117%
•J
7%
30%
*15%
117%
*116
116%
H714
*43%
44%
Campbell W & C Fdy
Can Dry Ginger Ale com
$4.25 preferred
!
Canada Southern Ry Co
*18%
10%
I
*43%
44 Va
18%
,
*116
119
*43%
19%
11
7%
7%
11
34
118%
44%
*116
*43%
120
44%
*431%
44
118
*43%
15%
118
34
*18%
19%
19%
19%
*19 Va
10%
11%
10%
HVa
10%
11
33%
333^
1,000
12%
13%
700
19%
1
33%
33%
*33%
34%
34
34
14
13
13%
*13%
13 Va"
*13"
13
♦55%
56
*55%
56
55%
55%
•*55%
56
*551.4
56
'
page 28.
150.
11%
*12%
For footnotes see
5,400
44
19 %
14
34
15
11
*18%
19
10%
7%
*12%
,,34
1,1
7%
Va
*55V4
56
300
Canadian
22,500
Canadian
20
Cannon
Breweries
Pacific
Copper
Ltd
*Ry_^
5
No par
1.66%
No par
100
No par
—25
No par
Mills
Capital Admin class A common—1
$3
preferred A
—
10
24% Apr 28
52
Sep 30
2
6%
21%
12%
116
42%
May 14
8
8% Feb
3
Sep
Apr
Apr
7% Feb
58
Jan
7
6%
Oct
12%
34% Oct 22
20%
Oct
40% May
13
15
1
17% Feb
12% Nov
18% Sep 29
9%
32"%
11
50
29
19
May 19
May
May
Mar
July
Jan
3% Feb
x55
May 17
Nov 13
Apr 14
May 26
10
Feb 10
147
July
May
18
43
Nov
Oct
20
24
Dec
15% Feb 13
11%
Oct
22"% Feb
34% Nov .12
14% Feb
1
12%
Oct
Oct
21% May
132
48% Feb
25% Feb
57% Feb 18
113
18
,50
58
Jan
25% Deo
59% May
Volume
166
AND
LOW
HIGH
Saturday
Monday
Nov. 17
per
share
$
per
share
$ per
Nov. 20
Nov. 19
$ per
share
104%
104%
30%
30 %
30%
30%
30%
30 %
1/128
1/128
rl/128
1/64
1-1/64
1/64
1-1/64
39%
39 %
39'/a
39%
105
*39%
*104%
40
105
39
17%
17%
18
18'/a
18
18 'A
42'A
42 %
42 %
42%
42
42
*7%
7%
7%
7%
*7%
43%
43%
43%
43%
43%
*140
142
57
57
*140
142
30 %
30%
30%
Mf
1-1/64
1/64
39%
40 %
40%
Carolina
Clinch
Carolina
Power
4,600-
18%
19
18%
19
43
42%
42%
500
7%
7%
7%
7%
*7%
7%
400
45 %
7%
45
43%
45%
45%
45%
45%
12,500
138%
*138%
138%
138%
130
56%
57%
3,200
16,200
138
140
Carpenter
Carrier
Ohio
&
Case
Steel
—1
—_25
Co
General
&
138
158% Jan
7
Feb
8
5
—
Corp common
4ft
series
(J I)
112
128
10
50
:
Corp
Co common
Preferred
39%
-ft
50%
21%
45
7%
46%
May 23
Jan
9
*25%
25%
25%
*104
106
*104
*136%
137
136
57
25%
104%
137
56%
57
57%
57 %
57%
57
109%
109%
600
137%
290
27%
27%
28%
27 %
27%
28
28%
28
28%
1,500
20'A
20'A
*20%
20%
20'A
20%
20%
20%
20%
20%
500
18%
18%
18%
18%
18%
19
18%
18%
18%
19
8%
8%
8%
8%
8%
9%
9'A
9%
9
8
8
8
8%
8
110
110
8'/a
*81%
8
*110
83%
*82%
8%
111
83%
*81%
83%
*109%
110 %
*81
*109%
*81
82
*7%
8 %
*7%
*7%
13%
*13%
13%
*13%
13%
*13%
*10
11
*10
10%
*10'A
10%
23
24%
22%
17%
*26%
22%
22%
17%
17%
27%
*26%
*22%
23
22%
*105%
106
*105%
8
8
22%
17%
27%
22%
106
8
17%
18 %
24
28
*27
22%
104%
*22%
105%
8%
100
13%
100
*10
10%
18%
*28%
28%
22%
23
104%
104%
*7%
*13%
10%
25%
18%
28%
23
8%
13%
*10
25%
18'A
300
82
82
82
70
13%
13%
11
110%
*7%
8%
*13%
*10
*104%
25%
27
18%
60O
1,100
70
12
11%
12
12%
12%
11%
12%
11%
11%
11 %
12
*29
30
29%
30
30
30
29%
29%
29%
29%
29 %
29'A
800
43%
43%
43%
43%
43 3
11,900
91%
90%
91
90
2,100
43%
43%
44
43%
44%
91%
*89
90%
00%
90%
90%
90%
50O
*4%
4%
4
4
4
4%
4%
4%
4%
4%
4%
4%
3,500
*7%
8 %
7%
7%
8%
8'A
8
8%
8
8
8%
8%
1,400
8%
8%
9%
9
9%
9
9 Ve
14,100
5%
*5%
43%
8%
*5%
10 %
43%
8 %
8%
8%
8%
8
%
5'/a
5 %
11
5%
5%
*5 Ve
10%
10%
10%
5%
5%
5%
5%
5%
5%
5%
£ %
6
*3%
3%
*3%
3%
3%
3%
3%
3%
3%
3%
8
7%
8%
29%
29
29 %
11
11
60O
10%
1,000
6
7%
8%
8'A
8%
8%
8%
29%
29%
29%
29%
29%
8
28%
1,100
8%
*3%
1,900
3%
6
29%
8
29%
11
5%
10%
5%
11
5%
5%
10%
5 %
*
11,900:
29
6,100
15%
15%
15%
15%
15 %
15%
15%
15%
15%
15%
14%
15%
7,200
35'A
35 %
35
35 y4
35
36
36
36
35 %
35%
34%
35%
3,500
31%
31%
32%
32
32%
32%
33%
6,400
31
30%
31
30%
30%
No par
40
Class
B
17%
17%
*17%
17%
1,000
Chickasha
4%
4%
4%
4%
4%
1,100
IChdlds Co
17
4%
37
34%
34%
34
34
*34%
36 %
20
62%
62
63%
62
63
€2%
63%
23,700
25%
$3
convertible
Chicago
preferred
No par
Yellow Cab
No par
Oil
Cotton
Chile Copper Co
j_2.50
26%
26%
26
7,700
Cincinnati
*102%
104%
*103
23%
23%
23%
23%
23 %
23%
23%
24
23%
24%
1,300
Cincinnati
44%
44%
43%
44%
42%
43
42
42%
41%
42
41 %
42 %
5,600
C I T Financial Corp
*31 %
32 %
*31%
32%
32%
32%
33
32%
32%
*32%
32%
400
*9%
9%
9%
9%
9%
9%
8%
9%
*9%
9%
500
26%
104
*23
26%
106
*32
9%
25%
*84
88
*84
16%
15%
16'A
*16%
16%
16%
33
33%
*32%
33 %
33%
*165
189
*165
189
*165
189
*165
189
*90
100
*90
100
*90
100
*90
100
*84
88
16%
*32%
39%
39%
109 %
109 %
32 %
*106%
39%
*109
32 %
108
*32
*106%
39%
109%
33
108
86
39%
X38%
*109
109%
33
33
*106%
108
*103
9%
33
*84
25%
26%
106
*103
86
*82
16 %
1,600
1,800
189
*165
*90
100
*90
100
38 3 4
33
32%
108
*106%
39
38%
108%
109%
*32%
33 %
*106%
108
4,900
39
200
.
1,800
30
78
*75
78
76
76
*76
78
76
76
*74
78
*45
47
*45
47
*45
47
*45
47
46
46
46
46
17
17
16%
16%
16%
16%
16%
6,000
37
37%
37%
*141
16%
16%
16 %
38%
*38
16%
38
38
37%
37%
37%
37%
36%
37
37%
37%
37%
37%
37%
37%
37%
37%
37%
142 %
141
141
*141
LOW
Monday
Saturday
$ per
188
*185
*62%
share
185
f per share
186
*62%
63
63
44%
44
95
43%
%
44 3A
94
95
HIGH
95
142%
SALE
13% Nov
6%
153
54% Nov
$
Nov. 19
per
187%
63
share
188%
63
44%
*94%
37%
141
141
Equipment
30
$ per
*141
142%
189
189
63
63
*1300
20
100
Cleve Elec Illuminating com__No par
preferred
No par
Clev Graph Bronze Co. {The)
1
preferred
Cleve &
gtd
Co
4ft
1 per share
*186
189
63
63
45 %
45
45%
45
96
96%
96 %
*95
186
186
*62%
62 %
45%
45%
*95%
97
Class
Co
46%
97
6,200
110
(The)
No par
A
No par
Internat
Cqrp
No par
Colgate-Palmolive-Peet com„No par
$3.50
preferred
No par
26%
26%
27%
27%
25%
26%
26%
27
2,200
Collins & Aikman
20
20 Vo
20%
20 %
20%
20%
20%
20%
2074
2,600
Colonial
Colo Fuel & Iron Corp com—No par
11%
*10%
15%
15%
16%
16%
18
18
18%
18%
11%
11%
11%
12
11
11%
*11%
11%
11%
11%
11%
11%
*10%
*11%
11%
11%
11%
*10%
11%
*10%
11%
*10%
16%
18'A
*
12
*24%
25 %
24%
25
25
25'
x24 %
25
*24%
25%
*24%
25
24%
24%
X24 %
24%
11%
11%
11%
11%
11%
12%
12 %
12%
36%
37
37
*36%
36%
37
37 %
14%
37%
10
Nov
16%
16%
18%
24%
*24
12%
x36%
9,300
18%
1,200
5ft
cum
Colorado
Southern
*11
12
140
11%
*11%
11 %
330
4ft
non-cum
10%
10%
300'
4ft
non-rum
100
100
1,100
13%
13%
9,700
Columbia
79
76%
76 %
200
No par
No par
Co
100
101
500
93
96
95
96 %
23%
24
23%
23%
7,500
3%
2%
3%
62,700
3
3%
$3.60
preferred
$6
&
10
common
—100
Commercial Solvents
Commonw'th
No par
South
com—No par
109 %
108%
108 %
108
108%
108%
108%
108%
108
108 Ve
1,600
26%
26%
26 %
26%
26
26%
26 %
26%
26
26%
26
26 %
18,000
*11%
11%
11%
11%
*11
11%
11%
11%
11%
11%
11%
11%
800
32%
32%
32 %
32%
32%
32%
32%
32%
32%
33 %
32%
33
Congoleum-Nairn Inc
No par
31%
31%
*31 %
32%
31%
31%
*31 %
32%
31
31
31%
31%
400
Consolidated
Cigar
No par
*5%
5%
5'/a
51/4
5%
5%
5%
5%
5 %
5%
5'A
5%
3,200
Consolidated
Coppermines
21%
21%
21%
21%
21%
21%
43,600
104%
104%
104%
104%
3,400
IOE'%
105
2,900
preferred series
Co
No par
-25
Publishing Inc
No par
Commonwealth
Conde Nast
Consol
$5
Edison
Edison
of
N
Y
4,600
Consolidated
Consolidated Laundries Corp
5
2,300
Consolidated Natural Gas
Consolidated Vultee Aircraft
15
17 J/2
171/b
17%
17%
171/2
17%
17%
17%
U'/2
*11',4
11%
*11%
111/2
*11 %
11%
*11%
53 J/8
52'/2
53%
52%
52%
521/4
52%
51%
11%
11%
11%
11%
Hi/2
12
11%
12
11%
12%
11%
12%
22 %
22%
221/4
22%
23
23%
231/4
231/2
23
23 %
22%
23
2,700
Consol RR of Cuba 6ft
141/2
■>14%
14 V2
14%
14%
14%
15
15
15
15
1,000
Consolidated
33
1,100
Consumers Power Co
141/4
31%
*109
31%
32%
31%
109
311/2
109
31 «/2
109
31%
32%
32%
109%
109 %
109%
210
42%
42%
42%
1,800
96%
96%
97
97
150
14
14 >/«
13%
14
2,200
40%
41
41%
41%
41%
*96
96%
*96
96%
*95
96%
96
96
*13%
14%
14%
14
14%
*94%
34%
*99
*94
97
34%
34%
*99
100
96
34%
100%
*94
34%
100
•95
96
*94
35
35
100
100
12
11%
11%
11%
11%
50%
50%
51
51
51
8%
8%
9
48%
48%
12
51%
8%
35%
100
12
50%
*11%
8%
8%
8%
9%
8%
8%
9
10,300
48%
48%
48%
16%
25%
*51%
52%
*51%
.
25%
.52%
14
46
46
47%
*47
48
*47
.
47%
48%
*18'%
16%
25%
16%
25%
48%
16 %
9,400
16%
51%
'14
.9
500
26%
*16
'
*45%
500
2,400
16%
13%
11,400
11%
24%
*51%
100
34%
53
48
14
96%
100
11%
16%
52%
100
52%
24
14
96%
x33 %
35%
11%
15%
14
96
100
-63%
23%
14
34%
100
52%
16%
48%
*94
*11%
23%
48
*42
52%
23%
*16
13,800
321/4
40
14%
52
1091/2
40%
14
19
12
51%
31%
109
1374
17%
*lli/4
109%
109
109%
40%
*14%
17%
IIV2
25%
26 %
2,300
52%
14%
52%
53 Vs
53%
53%
430
13%
14.
13%
13%
2,100
48
*47
..
48%
48
*47
14%
X14
55%
55
48
700
20
"
14
14
*55%
14%
14%
14%
14%
14%
14%
14%
55%
55
55%
55
55
55
55
55
For footnotes see page 28.
14%
55
No par
No par
53%
52
Corp—5
com
preferred—
*11%
2,600
380
$4.50
Grocers
Corp_„ 1.33%
1
pfd
—100
Jan
109
Sep
113%
Jan
106
Jun
108% Mar
Jan
99%
106
Apr
56%
Feb
62
Ju f
19%
Dec
44%
24% Sep
39% Nov
60%
152% Jan
Fi t
36% May
165
Jun
May
com
6
65% Jan 11
May 22
56
Jan
2
19
21
May 19
93
Nov 20
20 Vs May 19
2% May 19
108
Nov 18
105% July 25
46
Feb
18
10
Oct 22
16 % Feb
115% Feb
26% July
4
Jan
11
4
6
T
3
7
2
123% Jan 29
18
33% Jan
2
8% May 16
23% May 19
30
Apr 14
4% May 19
21
Nov 18
104 % Nov 18
14% Jan
2
26
Nov
11% May 21
11
Apr 29
40'A May 19
10% July 30
17
May 19
33'A Nov 20
May 19
Nov 19
May 27
Nov 13
x33% Nov 21
100
Nov 18
5
9
44
May 17
May 20
1
Continental Gil of Delaware
5
Continental Steel Corp
:_14
Cooper-Bessemer Ctyrp com„No par
$3 prior preferred
No par
Copperweld Steel Co common
_5
Convertible pref 5'ft series—"
Corneil-Dublier Electric Corp
32 %
96
13 %
95
10
Continental Motors
50
1
Exchange Bank & Tr Co—20
200
Feb
69% May
42% Feb
60% July
110
20
Oct
Deo
Aug
Jun
Apr
Oct
50 %
Aug
Oct
59%
Jun
103% Deo
19
36% May
106'A
Nov
2% Jan
111
Sep
29% Sep
12% Nov
24% Nov
Oct
123
132
36%
Sep
40% May
55% May
33
24%
Oct
108 % Mar 26
105%
Sep
109%
20% Feb 13
15% Feb 10
17% Sep
13% Nov
23%
54% Jan
42% Jan
60
14% Nov
33%
2
17% Mar
30
Oct
Feb
Jun
18%
3
5%
July
32% May
5% Jan
29% Feb
10%
36
Feb
Feb
Jan
25% July
Apr
May
Jan
16%
Sep.
47
Jan
17
NOV
32
Aug
till
Jan
114% Feb
No par
Oct
61% Deo
35% Feb 11
7
Feb
7
31% Nov 18
109
Nov 12
Insurance
130
Highest
$ per share
22% Oct 23
No par
Continental Baking Co com—No par
$5.50 preferred
No par
Continental Can Inc common20
—
191 % Nov
19% Feb
No par
$3.75: preferred
Continental Diamond Fibre
Year 1946
$ per share
1155
12 Ve May 19
Container Corp of America com__20
4ft cumulative preferred
100
Com
108
Lowest
.
share
1
Retail Stores Inc
preferred
Continental
Jan
36%
102%
•■=
43% Jun 27
115% Feb 4i
35"% July 28
109
Mar 3
101
Jan 22
57
Feb 18
24% Feb 3
39% Mar 12
48% Mar 6
154
Feb
7
Feb
105
36%
101
■
Jan 28
13
23%
*17%
95
Feb
102 %
23 %
38'A May
205
48% Oct 23
*23%
99
108 % Mar
50
*101%
3
Deo
15% NOV
Apr
May
Apr
38% Nov
23
88%
22
78% Deo
36
97
Sep
Oct
44 % May
9%
Mar 21
Columbus & Southern Ohio Elec—10
3 Ve
27%
86
Commercial
23%
58'A
39% Aug
22 % Feb
2,200
3
Oct
30% May 28
13% Nov 21
70
Sep 29
3,600
23
36 %
Jan
40
3%
38% July
14
43%
Credit
Feb
Nov
48
38 3
4
Dec
Deo
21
32% Nov
42%
common—No par
preferred w w__No par
cum
30%
114
108
Jan
43
$4.25
May
Jan
40%
*76%
21% Sep
Jan
53
Jan
42%
104%
20% Feb 18
34 % Nov 21
Sep
47
40
104%
29% Jan
6
Feb 20
28
Feb 18
48% Jan 30
34% Nov
3
ll% Feb 10
94
Mar 6
111
36
15
27% Nov
8% Sep
44
104%
25% July
32% Jan 10
12% Oct 14
40%
105
Oct
6% Dec
32% Jan 21
42
104%
Jan
14
7% Mar 1
42% Mar 17
66% Oct 21
Jan
39%
105
25%
47
40%
104%
Deo
Oct
44
21
14
Feb
20
44
21%
Jan
Jan
40 %
21
59 '/a
39
44%
21%
Dec
38
40%
22
Jan
45
76%
13
Sep
12% Oct
40%
21%
37%
17% Feb
9% May 15
8
May 20
22% Apr 16
44
*108%
Nov
Feb :13
Nov 21
July 23
Feb 11
Feb 18
Jan
44%
23
Jan
17
53%
33%
56
15%
21
Feb
41%
3
Jan
41
*40%
22%
Jan
82%
43 %
24%
14%
3%
38%
Sep
Sep
34% Sep
12% Nov
*76%
3
Sep
15%
15%
May 14
Pictures
36%
14%
Electric
&
7
3% Oct
Jan
20'A Feb 10
17% Feb
4
8
Apr 18
Columbia
11%
Jan
23%
14%
44
~4%
10% Oct
10
12%
25% May
66% Jun
63 %
Carbon
12%
Apr
17% ivrar
48% Oct
Deo
Gas
12 %
Oct
Jan
32
Oct
Columbia
900
25 %
37
29,500
2,700
24%
Jan
43
114
*99
Apr
24%
24%
36%
preferred
2nd preferred
May 21
May 19
94
Nov 17
257/8 Nov 20
18
Aug 25
12
May 17
16% May 19
33
23
23%
25%
4
1st
20
common--100
1140
Columbia Broad Sys Inc cl A—2.50
Class B
2.50
24%
36 3
&
5
preferred
conv
12
11
No par
Mills *Inc__—
141
May 19
x61% Jun 10
76%
14%
17
share
14 %
79
Sep
12% Oct
11%
$ per
76%
14%
105,
3C%
$ per
14%
*77
13%
16%
18%
16%
18%
*11
Jan
8
Highest
78
79
16
15% May 19
May 21
Jun 10
*74
14%
21% Nov
May
Range for Previous
Par
Coca-Cola
25% July
23% Nov
Oct .20
Lowest
Shares
Coca-Cola
51%
Jan
Range Since January 1
STOCK
EXCHANGE
26%
15%
26
Oct
*19%
*10%
May 19
Oct 23
*26%
*17%
28
45
20
18 %
13
75
26%
16
16
19
6
27'A Jun
141
40
Sep
14%
38% Feb, 7
27% Feb 21
4
100
900
24
31%
2
14% Feb
32
*1300
*1300
•
Deo
Feb
Nov 10
19%
18%
•
15% July
11% July
106
26%
15%
8y« Sep
Jan
102% July
23% Jan
11
STOCKS
t per share
Deo
89
116
33%
37
NEW YORK
Apr
Jan
110%
Oct
May 19
1
Sales for
13%
Sep
19
21
19
19
17
21
37
No par
the Week
17%
Jan
107% Oct
Cluett Peabody & Co com
Nov. 21
Jan
Oct
Sep
Jun
17%
Jun
5,000
Preferred
29
8%
9
20
Jan
Jun
Oct
85
2,000
60
July
178% Sep
No par
^
23
5%
50
gtd
38 V*
14% July
50
7 ft
stock
Jan
Sep
Sep
26%
100
Pitts RR
Special
22%
20
100
preferred-
$4.50
23
Jan
161%
18%
12% May 19
Climax MolybdenumClinton Industries Inc
Friday
Thursday
Nov. 20
share
Co
Sep
109%
Oct
Oct
May 19
Jan
23%
Sep
138
Oct
27% May 20
84
Jan
81% May
Nov
1— No par
5
183
7%
23
100
Jan
Jun
9%
37% May 19
:
Feb
10%
55
Oct 21
Feb 1
Feb . 7
Jan 30
Feb, 4
21
8
18% Nov
Jan
104%
116
Feb 4
96% Apr 15
12% Jan 31
16% Oct 27
14% Feb 18
35% Mar 6
9%
8%
15 /e
10%
6%
21 % May 21
5
Nov
Jan
34
60
12% Jan 29
No par
common
Oct
31% Nov
Dec
19
Oct
104
.
61%
10
19
14
24% Nov
100
PRICES
Wednesday
Nov. IK
*1300
*1300
*1300
AND
*141
Tuesday
Nov. 17
Nov. 15
142%
*36%
8.50
com
C & St Louis Ry Co com
5ft
108
*74
16%
Clark
5ft
109 %
33%
Elec
Milling Machine Co—_10
City Ice & FuelCity Investing Co
51/2% preferred
City Stores
C C
189
108%
33
16%
34%
165
39%
*106%
16 Vs
33%
33%
109%
39
109%
*
16%
33%
*
86
*83
86
&
Gas
Preferred
106
*103
16%
33%
24%
25%
106
Sep
May
39%
34% Nov
27% Oct .22
108% Jan
6
156
Apr 28
32% Feb 24
21% Feb 14
22 % Feb 19
14% Jan. 2
10% Jan
2
30
Dec
27
Feb 10
110% Jan 23
20% Feb ,13
30% Oct.28
54% Jan 2
102% July/25
7% Feb 3
4% Oct
1
33
Sep 17
56 Vs Sep
9
25
^
Chrysler Corp
May
May
May
May
May
Nov
Jan
May
Nov
.
137
39
2
Nov
1
Feb
7
Oct 14
Oct 15
Feb
8
Nov 19
21% Jan
19
21
4
10
3
15 % Jan
10
No par
1
23 %
26%
*102
.
.
17%
4%
—100
Chicago & Northwest com
No par
5ft
preferred
100
Chicago Pneumat Tool com.-No par
4%
17%
4%
4%
2%
6%
23%
14%
34%
20%
51%
11%
& P vtc__No par
St Paul
Series A preferred vtc_
.
6% May 19
4% May 17
8% May 19
No par
i
Chic Milw
17%
17V4
61 %
Co
Class A
10O
*4%
*34
111 RR
Chicago Corp (The)
1
Chicago Great West RR Co com__50
5ft preferred
-50
Chic Ind & Louis Ry Co CI A
25
200
17'A
61%
East
&
12
4%
37
Chic
56%
17%
60%
Chesapeake & Ohio Ry common—25
3V2ft convertible preferred_i_100
*55
*17
.1.25
5
Chesapeake Corp of Virginia
*11%
56
May
May
Jun
May
Jan
Jun
90
Nov
3% Apr
5% May
No par
Checker Cab Mfg
12%
12
20%
19%
103%
10%
23
41%
No par
Co
preferred
56%
57%
xl2
*34
Belt
$4.50
*55
*56
12%
61'%
Chain
Copper
Products
Champion Paper & Fib com—No par
*11%
56%
*11%
37
Co_
Sugar
Pasco
12%
*55%
12%
60%
de
56
57%
*34
Violeta
Central
*11%
*55%
*11%
4%
preferred
100
Cent NY Pr Corp pfd 3.40ft ser_lO0
1 Central RR of New Jersey
100
Cerro
23 %
106
*104%
-
Central 111 Lt 4% ft
Certain-teed
29%
*22%
22%
1st
2nd preferred
11,300
18%
29
29%
106
7ft
11,200
27'/a
18'/a
$4.75
Century Ribbon Mills
*11%
*90
11% May 19
Central Hudson G & E Corp—No par
104%
138
25%
27%
111
1
8%
3,800
*104
140
24%
20%
8
91/2 Sep 25
22% Nov 15
4,900
8
104
*137
*20%
*110
9.50
1,700
9%
8
104
138%
*27
*27
No par
No par
18%
9%
25%
104%
136%
64
17% May 19
104
Nov 20
136
Nov 17
19% May 19
20
July 17
18% Jun
6
7% May 19
8
Nov
5
109% Nov 21
82
Nov
7
4% May 19
12% Aug 21
18%
25
104%
139
25%
Celanese Corp
9%
.25%
194%
25%
49'A May 19
of Amer com__No par
preferred
No par
—100
Celotex Corp common
No par
5% preferred
20
Central Aguirre Association—No par
Central Foundry Co_„
—1
25%
104%
*137
No par
Caterpillar Tractor
Sep
$ per share
38%
Jan
■
56%
Highest
$ per share
$ per share
103
Nov 21
30
Nov 14
1/128 Nov 13
39
Nov 18
12% May 19
35% May 19
6
Jan 13
29% May 19
Ry
Light
Preferred
Carriers
Lowest
—100
&
100
Co—l_100
Year 1946
Highest
$ per share
Rights
700
43
Range Since January 1
Lowest
Par
5,200
41
18%
Range for Previous
STOCK
YORK
EXCHANGE
32,300
30%
__
*39%
NEW
100
43
18'A
(2111)
Shares
104
103
104%
*104
Sales for
the Week
$ per share
share
30%
*42lA
140
140
$ per
share
*104
104%
*30%
*104
CHRONICLE
STOCKS
Friday
Nov. 21
Thursday
Wednesday
Nov. 18
& FINANCIAL
PRICES
SALE
Tuesday
Nov. 15
$
COMMERCIAL
THE
Number 4649
Dec
38% Feb
48
Feb 24
104% July 31
20% Feb 10
106% Apr
9
115% Mar
35% Sep
54%
12%
22
Feb
Apr
July
Jan
101
109%
110% July 30
13 % Feb
7
103% Nov
53% Jua
113% Mar
44% Feb
8
Sep
33% Sep
18%
Feb
54% Feb
3
46% NOV
63
Jaa
6% May 19
35
Apr 14
12% Feb
8
10
Oct
24
Jaa
14% May 19
12% Apr 14
19
43
May 16
12% Jun 27
46
06t 17
12% May 17
52
Apr 14
50% Oct 23
Feb 19
27% Oct 23
53% Nov 21
17% Oct
55
Feb
6
5
20% Feb 13
61
Jan
7
8% NOV
33%
Oct
49% May
15
Nov
*23% Ma7
13% Nov
30%
Feb
46% Deo
56
Jaa
12%
Oct
23%
Fen
Oct
60
27%
Apr
Jan
67%
Jan
50
*12% NOV
52
Sep
19
20
THE COMMERCIAL & FINANCIAL CHRONICLE
(2112)
NEW
AND
LOW
Saturday
Tuesday
Monday
Nov. 15
Nov. 17
$
t per share
per
HIGH
Nov
$
share
.
per
share
23 Va
$ per
share
23%
23 Va
22
22 Va
22'A
22%
*98
100
*98%
99%
*98%
99 %
98 %
100%
*98%
100%
*98%
100%
*97%
100%
65%
65'A
65%
175
175
175
*5%
*
176 V4
3 Va
*3
35%
178
5%
*5%
5%
3 Va
3 Va
35 Va
35%
35%
3 Va
3 Va
35%
*95
12
12
*95
100
*95
100
12%
12%
Sales for
the Week
$ per share
$ per share
99
*97%
66
178
66 "A
*180
6
5%
5%
3%
3%
36%
36%
3 Va
36
36
100
12 Va
12%
66
178
65%
65%
65 %
175%
5%
5%
RECORD
STOCKS
Friday
Nov. 21
22%
98%
*98%
22
STOCK
Nov. 20
Thursday
Wednesday
Nov. 19
18
YORK
PRICES
SALE
100
*95%
*95%
12'A
12%
24
23'A
67
179
3 %
36%
100
Products
3'A
1,600
Coty
4,900
Crane
12%
12%
23%
*23%
Co
12%
Creameries
1,700
Corp
25
common
100
of
23
23%
23%
24
24
23%
24
700
Cream
of Wheat Corp
41
41
42
42
*41%
43
*41 Va
43
41%
42%
900
Crown
Cork
*46
48
48
48
*48
48
*46%
47%
46 Va
46%
46
46%
500
$2
*32%
33 Va
32%
33
33
33 Va
33%
33 VB
33%
4,000
*102 Va
102%
*102 Va
102%
280
*122%
123 %
122 %
122'A
*25%
25%
25%
25%
32%
*102Va
102%
101%
102'A
102%
102'/a
102
102'A
122 JA
122%
123%
123%
123%
124%
124%
340
26%
26%
27
'
26%
27
27
27%
2.000
72%
73%
73%
73
73%
800
5%
30%
350
Cuba
16%
2,100
122
26 Va
*72%
73
73
73
72%
72%
72%
*30
31
30
30
30
31%
31
*16%
16%
17
*165
168
*165
31%
*30%
31 %
17
17
17
17
17
17
*165
17Va
180
180
*165
180
*165
180
15
15
15'A
15
15
30%
16%
*165
15
15%
15
15
15
14%
15
*88
95
*91 Va
95
*91 Va
95
*91%
94'A
*91%
18
*17
18
*17
18
*17%
17%
17%
17%
17%
*25'A
26%
*25'A
26'A
*25%
26'A
*25%
26%
26%
26 Va
*25'/a
9%
*137%
9%
9%
9%
9%
142
142
*139
142
10 Va
143
10%
10%
143
143
63%
63%
*61%
64
*62Va
62%
62%
5%
5%
5%
5%
5'A
5%
5%
5%
20%
20%
20%
20%
20%
20%
20%
20%
63
9%
143
63%
5'A
20%
*131
*91%
95
10 Vb
9%
*141
143
11,400
$7
40
5%
5'A
5'A
20%
4,800
20%
*131
preferred
Sons Inc 7%
pfd
*131
137%
26%
27
27'A
27%
27%
27%
28%
2,100
22'A
22 %
21%
22'A
21'A
21%
22
23
22%
22 3A
23
23%
3,600
*90%
91%
*90'A
91%
*90%
91%
*91
93
*51
93
*92
93%
*20%
21%
20 V4
20%
21
21
20%
20%
*20%
21
20%
21
23%
23%
23
23
23
23%
23%
23%
23%
23%
23 Vt
23%
3.400
Davison
29%
29%
29%
29%
29%
29%
29%
29
29%
28 ]/4
29
4,400
Sep
35%
32
Oct
62
Dec
54%
Feb
25
Oct
40'A
Apr
103
Sep
110%
Feb
150
110
Sep
37% Feb
13
29
Deo
96
Jan
29
88 %
Deo
34% Oct
21
22
Oct
21% Jan
2
Jan
7
17% Sep
*93%
4,000
Cutler-Hammer Inc
17% Oct
46%
Jan
28%
Jan
165
Jan
95
Oct
106
Mar
16% Nov
7
27% Nov
24% July
3
2*6~
Jan
5
10
Nov
145 % Nov 10
103
Oct
146%
Feb
1
60
Sep
76%
Apr
Oct
12%
12V« Feb
12% May 21
20% Nov
6
Feb 18
18% May 17
Anr
Feb
54%
115% July
Jan
8
129
Jan
18
70
Mar
6% Feb
No par
Jan
160
Mar 12
19% Feb
56
Jun
6
4% May 20
100
Dayton Pwr & Light common
137
28
47
l
Class A
Cushman's
26%
*131'A
6% May 19
16
113 % Jan
Jun
10
1
common
26%
137
29
Jan
9
101
24% Oct
7%
49%
110% Aug
20
16% May 14
No par
25%
*131V4
Oct
Jan
14% Nov 14
91% Oct 30
10
22
165
Apr
Oct
Nov
Oct
14%
52% Mar 27
34% Oct 16
165
No par
26%
137
4%
31
101
Deo
75%
210'A Mar
45% Oct
5
26%
*131
16
Deo
7% Nov
5
Mar
100
new
com
preferred
Press Inc
Curtiss-Wright
137
*185%
13
40% Feb
107
May 20
13% May 19
Jan
7
100
Prior preferred
7,500
20%
100
preferred
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The) com
No par
1,100
137
100
300
10%
58% May
7
Aug 15
8% Jan
9
4% Jan
4
108% Feb 24
130% Oct 16
27
63%
75% Jan
195
100% Oct 24
105% May 19
22% May 19
70% Nov
7
Cuneo
143
109% Aug
25
200
62 Va
39% May
Deo
5
17%
Va
G4
Oct
30
preferred
4%%
14
25%
101%
Nov 21
Apr 29
No par
No par
Cudahy Packing Co
2,200
Nov 12
19
32% Feb
46
Cuban-American Sugar common—10
95
8
26 % May 19
100
Highest
$ per share
105% Feb
6
105% Jun 26
23
Nov 17
31% May 19
preferred
RR 6%
7
6
11% Nov
Crucible Steel of Amer com—No par
7%
15
Nov
5
Jun
2% Aug
174
$ per share
No par
2nd preferred
$4
21% Nov 14
98% Nov 19
100% Oct 29
2
(The)
com
$4.20 preferred
180
*17
Seal
Zellerbach Corp com
Crown
32%
$ per share
Lowest
No par
&
preferred
32%
$ per share
1
America
24
41
1
1
preferred
Highest
61% Sep
100
International
3%%
100
12 Va
25
Refining com
Coty Inc
2,700
36%
*3'/a
36%
*95 V*
preferred
pfd 3% % ser of
Preferred
500
5%
•
Corn
2,600
191
5%
5
100
1947___100
Works common
Glass
3%%
Cum
67%
67
181
5%
Corning
30
98
Year 1946
Range Since January 1
Lowest
Par
7,600
99
*97%
Range for Previous
STOCK
YORK
EXCHANGE
Shares
22%
22'A
*97%
99
100%
NEW
41
*22%
Monday, November 24, 1947
5%
Apr 23
132
30% Feb
Feb
Feb
34%
17% Oct
Oct
145
July
2S% Deo
45
May
128
1
D
29%
96
94%
94%
95
94%
95
*93%
95
95
94
94
93%
93%
*93%
13
13
13'A
13
13%
13'A
13 V,
13%
12
11%
12
12
11%
12
11%
11%
39 Vt
39%
39
39 V4
96
97%
*96
13%
*11%
39%
42
*39%
39%
42%
*11%
40%
40%
40%
41V4
42%
44
44 Va
45
34
34
34
34
34
33%
33%
38%
38%
39
39
39
39
38%
39
*7%
7%
*33%
Cum
95
12%
96%
*96
7%
43
7%
7%
7%
7%
7%
44%
45
*32%
33%
39'A
39%
7 %
7%
Corp common
pfd
12%
12%
12
12
13%
13'A
13 Va
13%
14 Va
18
101% July 29
101% July 24
25
23% Feb
11
16% NOV
34%
Apr
50c
11
Sep
29
20% Feb
11
17
22 Va
Deo
1
33
Aug
8
45% Oct
31
No par
31
45
7,000
700
39%
1,200
Delaware
7%
4,700
Delaware Lack & Western
&
Deere
39
38%
39 Va
39
39 V,
38%
39
22'A
22 V»
22'A
22 Va
22%
4,900
12%
25
12%
12%
25
*57
67
*57
67
12%
12%
12%
67
*57
12%
12%
25 V,
*57
12%
*25
67
12%
25 Vt
*57
25
12%
25
.
300
25%
24%
16%
16%
*16%
17
16%
16%
16%
16%,
16%
1,200
De
26'A
26%
26%
28
28%
28%
28%,
29
29
2,000
Devoe
*42%
42%
52%
43
42 V*
42 y4
42 V*
42'A
*42%
43
42%
42%
1,100
ctfs
Diamond
Vilbiss
43%
44'A
44 y4
*43%
44%
*43%
44%
44
44
43 Va
43%
400
20 Va
*19%
20 Va
20%
20 Ve
20»/a
20 Va
19%
20
*19%
20 Va
400
15%
15%
15%
16%
23,900
*17'A
17%
*17'A
17%
600
Dlvco
38
600
Dixie
16
17%
17%
17%
55
24%
54%
24 Va
24%
*54%
24%
23%
16 Va
16 Va
17%
*17%
37%
17%
*36
55
*54%
*23%
37%
*54%
•
15%
36%
36%
54%
*36
*23%
15%
15%
37%
37%
16 3A
*37
55
54%
54V2
*54%
55%
23%
23%
24 Va
24»/a
800
16'A
17%
r'
38%
38%
38%
38 V*
38%
38%
38%
1,300
20'A
19%
20'A
19
19%
19%
19%
18%
19 Va
10,400
49'A
4914
50
51
50%
51
51
52
51%
51%
49
51%
3.900
38'A
19%
104
19 Va
19 y4
19%
19%
*86 "A
*86
89
*86'A
89 Va
*12
13
*12
13
*15%
*15%
16'A
187
*86'A
89%
*86'A
89%
*86 Vt
89%
*12
12%
12%
12%
*12%
13
189
120
97
98 V4
98%
98%
112%
*112
112%
15'A
*15
15'A
*15
LOW
AND
HIGH
Saturday
Monday
Tuesday
Nov. 15
Nov. 17
Nov. 18
$ per share
$
per
share
98%
112%
'
SALE
15%
500
188 Vt
188%
4,500
119%
120
120
98%
98%
112%
113 %
15 V,
X186
*15
15%
7
Deo
19%
Dec
24
Aug
600
Oct
29
16%
26% Oct
23
Jan
2
15% Oct
31% Feb
3
23%
Sep
39% May
Jan
17
34%
Oct
50%
Apr
Aug
22
47
43'A Oct
2
60
Jan
Jan
20
42
Sep
60
2
18
2
24% Feb
13
16%
Oct
34% Jan
2
11% May 19
18% Jan
16
25
No par
No par
45 % May 27
No par
No par
5
Corp
Co
15
common
common
preferred
conv
International
Corp
30
15
18
28%
NOV
52
55% Oct
30
48 Va
Sep
62%
Feb
10
25%
NOV
48
39% Oct
23
*23%
Sep
37"Va May
21% Jun
18
16 %
Deo
7
63%
NOV
108% Mar
118
34
76
Jan
2
8
Nov
13
114% Feb
Nov
14
104% Oct
$ per share
Feb
111%
Deo
May 16
22'A Jan
30
15%
Oct
Nov
5
90
10% May 19
98% Feb
19
91
Oct
Feb
10
15
Oct
17% Nov
12
No par
103%
98 3/
151/;
Nov
20
19
14
33%
116
Jun
Jan
Apr
41 Va May
173
May 27
197
July
8
161
Oct
227
Jun
No par
119%
Nov
129'A Aug
4
124
Deo
133
July
Preferred $3.50 series
No par
107% Sep
3
100
Nov 17
97
110% Sep 12
115 Va Jun
9
il~2%
Oct
116%
5
14% May 20
3
13%
Sep
Pont de
Nem (E I) & Co com—20
98%
1,500
113%
113%
300
Duquesne Light 5%
15 Vt
15'A
200
DWG Cigar
1st pfd
Corp
20
19% Mar
Sales for
NEW YORK STOCK
the Week
EXCHANGE
Shares
21
Feb
May
Range for Previous
Friday
Nov. 21
share
Jun
Preferred $4.50 series—*
Du
98%
$ per
Apr
Mar
22
14
1
(new)
29%
July
42% July 24
36% Sep
100
preferred
Industries
14% NOV
19% Oct
40% Sep
50c
No par
No par
preferred series A
Duplan
16
STOCKS
Thursday
Nov. 20
t per share
Feb
13% July
Ltd
PRICES
Wednesday
Nov. 19
S per share
15%
188
15%
188'A
77
15
No par
$3.25 2nd
3%%
119%
16
16
16
1?0
98%
14%
Dunhill
89%
*15%
112'A
400
20%
120
14%
Dresser
20%
188 Va
112'A
5,400
20 3/4
120
1514
$4
2,200
20'A
187%
113
*14%
Dow
300
102%
20%
120%
98%
*97
8,100
104%
102%
12
12
16'A
39%
104%
39%
20 Va
20
188
187 Va
121
*112
100%
101
Oct
35% Apr
Co
Co
Chemical
39 Va
105
102 3/a
39%
*104
105
101
28
60
Oct
6
May 19
49
May 22
23% Nov
8
28% May 19
16% May 14
Mines
Dome
101%
39%
39 Va
*104
*120
187
*119
39%
104
99%
100
100
100
39'A
39%
104
100%
Car
A
Douglas
*103%
Oct
1
4
No par
preferred
Motor
Doehler-Jarvis
37%
19%
38%
23
62% Oct
Aug
25
common
20
Oct
44
27% Mar 26
10
1
T
Pepper
37 V4
Apr
Jan
25% May 19
Aircraft
Class
Dr.
Jan
6% Oct
22% Nov
20% May 14
12.50
Corp.
37%
104
1
1
5
Cup Co common
20
*38%
20
Distill Corp-Seagrams Ltd
19'A
*103%
100
Co
partic
37%
*38
pfd
50%
16%
14% Mar 34
for
Match
Diamond
90
23%
17%,
6% May 19
&: Raynolds class A
6%
43%
*19%
36
100
10% May 19
17 % Jan
3
*25%
36
com
Detroit-Michigan Stove Co
Detroit Steel Corp
1,900
17
*16%
t
59
26%
*25
10% Feb
58% Jun
42% July
Sep
West RR
Detroit Hillsdale & S W RR Co__100
*25%
24%
6"% May 19
Grande
Edison
*16%
*25
6
50
31% Deo
33% Oct
20
45% Mar
NOV
25 %
23
38% Feb
32% May 19
Hudson
Rio
&
Escrow
Detroit
67
12%
Muy 17
32% Oct 22
46% Oct
20
100
common
&
Escrow ctfs for
4,300
22 Va
Co
Preferred
10,800
22'A
May
20
32%
37%
36% July
Sep
12% Sep
32%
22 Va
28
94% Nov
44%
37%
6
93% Nov
Deep Rock Oil Corp
22%
36% Jan
21
50c
2,100
37 >4
31% May
28'A Nov
100
Decca Records Inc
22 Va
34
16% Nov
100
1,500
37%
98% Nov
Nov
23
series B
11%
22%
Deo
17
24% Oct
series A
40
14'A
91%
29
Preferred 3.75%
11 %
14%
26
23% Oct
7
(The)
Corp
39
7%
18
96%Jun
5
Dayton Rubber Co
*39
26% Sep
12
14% May 20
16% Jan 16
100
Preferred 3.75%
100
37%
67
Chemical
19% Aug 26
90'A Nov
1
A
3,200
22 V»
*57
1
series
13%
Denver
12
3%%
Davega Stores Corp N Y
700
95
97%
13%
*96
Dana
Year 1946
Range Since January 1
Lowest
Highest
Par
j
$ per share
Lowest
$ per
$ per share
share
Highest
J per share
E
23'A
17
17%
18%
45
*18'A
44%
23
23
23
17
17%
17'A
18
18'A
18%
44%
*23
45
44%
*22%
170
*166
166
23%
23%
17%
17%
18Va
18%
18%
19
45'/a
45
45%
45 'A
166
168
170
172
53%
53%
53%
53%
53%
53%
52%
20%
20
20 Vt
20%
20%
20'A
20%
*20%
97%
*95
16
16
10S
16 Va
16
*104
*104
5%
*53
12%
*36
*2
16%
106
16
*104
97
16%
106
*95
16%
9,100
Eastman
97
16%
95
16%
Kodak Co
Nov
5
17% Nov
10
common
10
cumulative preferred
Manufacturing Co
100
173
174%
174%
120
53
54%
55%
2,400
Eaton
20%
20
20%
1,400
Edison Bros Stores Inc common... 1
*95
96%
10
16%
4,300
95
16%
16%
*105
106
*105
106
106
106
6
6
6
6
6
1,400
4%%
Ekco
4
preferred
100
5
Products Co common
4%%
10
6
6%
53
54 Va
54%
55%
54%
55
54%
55
2,800
13
13
13
13
12%
12%
12%
12%
1,100
Electric Boat
2%
16%
37
*34
2
2
16%
16%
*34%
2Va
16%
37%
2'/a
17
*34
*34
37
*34
2 Va
2 Vt
2%
2%
2,300
17%
18 Va
17Vt
17%
10,400
*155
*144
147
144
144
142%
143
143
56
56
56
55%
55%
157V2
*155
157
156 %
157
144V2
144%
700
1441%
*55%
55%
55
No par
$7
preferred
No par
$6
preferred
No par
17 3/a
16
16
16%
*16
16%
15%
16
15%
16
1,400
59
58%
58%
59
59%
591/2
59%
59%
59%
2,100
El
14%
14%
15
15Vt
15Va
15%
15%
15%
3,400
Emerson
18%
18%
18%
18%
18%
19
19%
2,000
Emerson
12%
2,300
15
15
15
18 Va
18%
18%
18 Va
*13%
13%
*32
33
104%
13%
13%
32%
*32
103
103
13%
33%
34
34
104'/a
103
103
r2%
2%
r2s/a
2%
*2%
8%
8%
8%
8%
8%
*49%
50
*58
64%
50
49
64%
*58
9%
9%
9%
9%
19%
19%
19%
20
11%
12%
10 Vt
11%
44%
44%
44
44
11 Va
*10
llVa
13 Ve
13'/a
33
*103
48%
*58
9%
2%
9
49
63
9%
20
20
10%
11%
45
45
*10'/a
11
13
r2%
8%
49%
*57
2%
9
49%
64
*18
12%
*33%
103
r2%
8%
48%
*60
13 Vt
34%
103
2%
9
48%
63
9%
9%
9%
20%
20%
20%
11%
11%
11%
46
46
*45%
46
11 %
*10%
11 Va
*10%
11%
10
20%
12%
*33%
*103
r2%
34
104%
2%
800
60
3,700
8%
9
12,200
48%
49
1,500
*60
Paso
Electric Mfg Co
Radio &
Endicott Johnson Corp
4%
5%
RR
Bldg
common
Williams Corp
Evans Products Co
Eureka
20%
1,100
11%
12'A
22,600
Eversharp
Inc
46
46
900
Ex-Cell-0
Corp—
20%
*10%
209
Aug
39
Oct
71
Feb
23%
Deo
Feb
11
57
95
Nov 20
15 Va Aug 29
109
27% Feb
17%
Oct
111% Feb
106%
Nov
106
33% May
2
Sep
11% May
152
May
137
May
29
8
19
20
26
25% Feb
Feb
16% Feb
5
50%
12%
39 Va Jan
10
34%
3% Jan
14
8
65% Feb
19% Feb
5
16%
Dec
Feb
Jan
Oct
80%
Feb
Deo
35%
Apr
Oct
48% Jan
7%
Jan
Deo
Oct
Sep
Sep
180% May
40
Oct
56% Jun
29% May
167
July
24% Mar 19
2
44% Sep
61%
16% Oct
28
0
11% NOV
17% Deo
30% Feb
21% Feb
19% Jan
8
38
2
107
Apr
17
NOV
104'
Mar 24
Sep
2%
4% May
12% Feb
5
3
67
Feb
3
48
85
Mar 25
90
•
Jun
Jan
93
Jan
95
Oct
22% Jen
7
15% Oct.
21% NOV
25% Jan
7
50% Oct
18
May 12
13% Aug
6
Jan
5% Jan
Oct
10
10% Nov 17
32 V# May 19
21% Oct
111
Oct
8
24% Feb
Jun
43% Mar
23%
9% Oct
13% Feb
May 19
1
27%
114
128
3
18
2.50
40% May
Aug
112
3%
156% Feb 24
5
_3
31% May
13%
138
9% May 19
May 19
12% Nov 20
27 % May 17
102
May 7
2% Jan 2
8% May 14
47% May 19
64 Va Oct
1
7% May 17
100
50
13
July 24
171
Oct
6% NOV
8% Feb
4
5
13
101
1
Exchange Buffet Corp
10%
Nov
21
59% Oct
No par
preferred series A
2,000
Jun
190
198% Oct
46% May 20
No par
& Pittsburgh RR Co
10
9%
61
19
48% July 23
57% Oct
100
Office
Jan
Jan
3
15% Nov 21
10
common—25
preferred
tEquitable
Erie
30%
15
Gas
Phonograph
Empire District Electric Co
Erie
63
Natural
30
51
47
No par
Elgin National Watch Co
*58
*16
16%
Jan
25% Aug 18
3
Electric Storage Battery
58 Va
15
18
10 Va May 19
Electric Power & Light com__Nopar
600
55%
144%
55%
143
common
Elec & Mus Ind Amer shares
700
Nov
3
Sep
No?
30% May
24% Apr
42% May 17
19
May 17
5
1
Convertible preferred
37
2Va
18 Va
158
55%
37
2%
17'A
166
Oct 21
4% May 19
50Va May 17
100
13
42 Va May 17
3
preferred
Elastic Stop
53%
37
16
16
5
12%
6%
158
*10
45%
19% Jan
1
Corp
Steel
52%
6'A
157 Va
*103
45 Va
10
Stainless
a
6Va
157 Va
58%
Eastern
12%
53 3
*5%
158
*16
Eastern Airlines Inc
2,100
Eagle-Picher Co
Nut Co
Electric Auto-Lite (The)
5%
*155
*55 Vt
9,400
18'A
45%
54
*95
17%
18
18
18 3A
175
97
17%
17%
18%
*53%
*96
800
23%
*166%
20 Vt
23%
23%
23%
34% Oct
7
Oct
33%
68%
Jan
Apr
Apr
63% Jan
11% Jun
F
*52%
52%
*30%
31
7%
7%
*52%
523/4
52%
53%
53%
54
53%
533A
53%
53%
1,400
30%
30%
30%
30%
*30%
31
30%
30'A
30%
30%
700
73A
7%
7%
8
7%
8%
21,200
7%
8
*39
40
*39%
40%
40%
40%
40%
40%
*18%
19%
*19
19%
19%
19%
*19%
193/4
*19%
*11%
11%
11%
12
12
11%
23%
23%
23%
*102%
103%
*102'A
For footnotes
see
24
103%
page 28.
*40
23%
100%
24
102%
12
233A
100
12
24
100
12
23%
100
8
41%
193A
12 Va
233A
100
8
40%
19
40%
900
19'A
300
12Va
1,200
23%
23%
7,200
*99%
101%
480
*11%
Fairbanks Morse & Co
No par
Fajardo Sugar Co of Porto Rico—20
Farnsworth Televis'n & Rad Corp__ 1
Federal Mining & Smelting Co
2
Federal-Mogul Corp
5
Federal Motor Truck
No par
Federated Dept Stores com—No par
4%%
convertible preferred
100
44
May 19
25% Jan 16
4% May 19
32
May 16
18 % Sep 29
9% May 19
19
Apr 18
100
Nov 19
Jan
30
31% Feb
1
9% Feb
7
7
00
42% Mar
47% NOV
21% Sep
7% Deo
35
Oct
88
36%
May
Feb
19% Jan
54% Feb
23% July 14
14% Feb
8
10% Oct
28% July 23
21
Nov
12
104
8ep
107% Jun
21%
Jun
34% Aug
108
Feb
Volume 166
Number 4649
THE
COMMERCIAL
NEW
LOW
AND
HIGH
Saturday
Monday
Tuesday
Nov. 15
Nov. 17
SALE
Nov. 18
f per
share
*21 Va
I per share
21%
*22
21
20%
22
20%
$ per share
20'/a
20%
20%
Friday
Sales for
$ per share
21
21
NEW
22
21%
21%
54%
55
55
55%
55%
56%
57
56 Va
56%
56%
57
50
50%
49%
50 Va
49%
50%
50
51
50
50 y4
Felt
1,800
50
4,600
105 %
60 Va
*105
60'/a
*16V4
60 V»
16'/a
36 Va
16'/4
104
*34%
60%
61
16
16%
36%
36%
*102
*105
105'/a
*105
61
105%
60%
16
16%
36%
37%
103 %
103%
36%
104
*102
105%
*21%
3 7'/a
*102
*105
60%
60 %
16 %
16 Va
38'/a
104
x36%
*102
22%
*21%
105%
105
60 Va
22%
60
16%
37 %
104
105
300
4%%
40
35%
14%
23%
22%
22
22%
*22%
23'/a
23%
31%
31%
32
32
32 %
32%
33%
33 Va
33 Va
33
33%
12
12%
12
12 >/4
.12%
12%
12'/a
12%
12
12%
12%
12%
82
81
81
*81
81 Va
200
98%
99
*98
14%
14%
*22
V2
*35%
23
14%
*22
36
*35%
14%
14%
36
36
36
14%
14%
14%
*22'/a
400
4,100
*78%
80 Va
*78%
80 %
80 Va
81
*80%
*96
98
*96
98
98
98
98%
27%
27%
98%
27%
27%
27%
27%
25%
25%
26
*25 Va
25%
*25%
15
14%
.14%
14%
15
^41
40 %
41
26%
26 y4
26%
25%
25'/4
25%
*14
141/4
*14%
*40 %
41
40 y4
*12%
13
*12%
20
20
82
14%
9Va
9%
14%
*14%
40%
40%
40 %
40%
13
*79
14%
40%
20
*80
26%
*25
12%
13
12%
12%
20%
20%
81
9
*79
9%
9
9 '/a
9%
9%
9%
*19 %
19%
19%
19%
*19 %
14%
14 Va
*
20 Va
20%
*14'/a
14%
20%
20%
5%
*
6
31
31
31
22
22 %
22 y4
22«/4
5%
14%
14%
*103
14%
107
6
21%
21%
21
21%
79
79%
79
79
9%
9%
14
%
20%
700
6%
6%
5,800
149
35 y4
35%
39'/4
38%
96%
*94
10 %
170
(The)
Co
$8
*13
13 %
*13
13 %
100
12%
12
12 %
12
12%
5,100
80 %
*80
80 Va
79
80
380
42
4%
1st
*401/8
41
41
600
4%
conv
*26%
26 %
*26%
*148
35'/a
38%
*94
26%
149
148
35%
41
35%
38%
37%
38'%
95 Va
*93'/a
95 Va
80%
41
*40%
26%
*
148
35%
*80
26%
147 %
148 Va
36
37%
38 %
*93
26
26
700
*147%
148%
36%
25,100
10,400
36%
95 Va
37%
*93
7%
Inc
General
Foods
Corp
preferred
*13%
13%
12%
13%
12%
12%
12%
12%
12%
*48
48 %
12%
*12%
48
12%
49
48%
1,200
49%
49%
49
49%
48%
48%
1,000
General
126%
310
*126%
127
*126%
127
*109 V4
112%
*108%
113%
58%
58%
58%
*124%
125%
99%
99%
99%
16%
125
58%
xl5%
16
125
99%
*16
*18%
19
15 Va
*109
58%
58%
*125'%
125%
99%
99%
99%
15%
15%
15%
18%
19
19
19
19'/a
19%
15
16
16'%
16%
16
16
59
58%
59%
58%
59%
124%
125 Va
125%
900
99 '/a
99%
99%
99%
99%
2,200
15%
*15%
16 '/a
*15%
15%
400
19%
19%
3,400
General
15'/a
3,900
Gen
Precision
6,300
Gen
Public
3
14
13%
14
13%
13%
13%
13%
24%
23%
23%
23
23 Va
23'/a
23%
23%
127'%
23%
*127%
3
3
*127%
3
129
*127'%
4%
4%
4%
4%
4%
4%
21 Va
21 Va
28%
28%
28%
28%
31
*30%
31
*30%
31
31
31
112%
113%
114
114
112%
113
114
115
30 %
30%
30
30
*26
27
*101
*26%
102%
*96
*81
*96
85%
*81
30
27
102 Va
96
85 %
t per share
28%
28%
96%
*95%
t per share
28%
28'/a
96%
96%
97
23%
22%
23
22%
93
S2
92
24%
25
25
25 %
25%
54
53
53
6%
6%
*121
6%
124
56 3
*101
25
56
102
44%
6%
124
25
57 Va
4
*121
25%
♦25
*52 Va
6%
*100%
45
*121
x24%
57%
56
102
101 '/a
54
85 %
28%
*96
*81
129
3
28%
31%
116
3
*127%
4%
28%
4%
17,000
1,700
29%
Gen
25
29%
1,700
27'/a
200
*100
102'/a
24%
6,600
50
96
*94
96
85%
*81
84
29 7
8
25%
26
x6%
57
Va
58
6%
6%
121
29%
98
I per share
29%
29%
*96
23%
95
97
23%
26 Va
54
95
25%
6%
54
6 Va
7,200
300
6%
*120
4,200
300
26 Va
*52%
121
600
23%
*92
9,000
1,500
102%
103
300
45%
46%
45%
46%
7,100
103%
104%
103%
103 7/a
900
19
19%
5%
5%
5%
5%
5%
6'/8
6%
6%
6
6
6
6
G'/a
G V2
6
6
*19'/a
6
*6 Va
19%
%
900
5%
6 %
6
19'/a
6'/a
52,300
6 Va
6%
500
19
*
*34
35
34
J 8%
34
*13%
18%
*33%
34
18%
13 "a
19%
20
20
20
20%
*26%
26%
26%
26 %
*19%
20%
26 Va
26 Va
26 %
26
*98
26%
99 Va
11
99 Va
99%
98
26%
99
99 Va
98%
11
11
98%
10 %
11
11
11
10%
10 Va
*98
*31%
31%
31%
31%
31%
31%
31%
31%
15%
15%
15%
15%
15%
15%
15%
15%
37
22%
144
*63%
68
*63 Va
68
*63%
*30%
31%
*31
32
31%
15%
15%
*15%
15%
11%
11
11%
*100
101
*28%
'.6%
11%
100.%
6 Va
100%
*28%
28%
28%
*6
15%
6 '/a
11 Va
'
100%
29'/a
*6'%
'*88'
If Va
92
11%
11
11%
'*43'/a
44%
44%
44%
73
72%
73'/8
73%
14%
14%
14%
Xl4%
73
.
414%
*88
92
*88
11%
*45
37%
37%
38%
22 %
22 %
22%
144 '/4
*142 '/a
144%
68
*63%
32 %
15%
32
11%
101
29 %
6
'/a
*90
12
com
•
*35
*106
15
15 V8
*143/4
15
*14%
*96%
98
96%
15%
*106
107 >/2
24 %
24 %
*150
24%
*150
154
*31%
*31
313/4
'*7
6%
7%
*80
84
*7%
*80
8
7%
7%
*32
26
$5
*150
31 Va
4%%
Goebel
32
15%
15%
1,300
37%
38%
37 Va
38
22%
22%
22 Va
22%
Co
Aug 21
16% Mar 3
54% July 11
131% Feb 25
xl22
144%
68
*142
146
*63%
65% Feb 11
129
26
7%
26 Va
8
26%
7%
8%
26%
60
*103
^37Va
15%
15%
15%
800
11%
59,100
160
30%
%
92
29% Oct 20
May 27
36"% Jan 23
124% Jan 29
19
29% Nov
20
35% Jan
2
14
30
1
3
106
Oct
21 % May 27
104%
40% Feb 11
11%
30%
6%
91
1
32
11%
100
100
30%
30%
6%
6 Va
91
30%
1,600
%
900
16,200
6
*90
92
36
*35 V2
15 Va
15%
*15%
15%
15 3/a
15%
14%
143/4
143/4
15
8Va
8
7
116
NOV
15
27
NOV
49
Jun
71% Feb
11
59%
NOV
6
100% Nov
par
12
41% Jun
106
9
103% Nov
109
Aug
4
24
Jan
10
3
May 19
57/s Oct
8% Oct 24
2
31
8% Mar 27
12% May 19
25% May 28
Co common
5
100
Ore
6%
Jun
2
98
Nov
1
9
May
31
Prop—No par
pfd
No par
107
20
Common
4%%
For
footnotes see nage 28.
*103
36
104 Va
*102 Va
26%
154
31%
73/8
400
$5
Jun
NOV
101
Nov
112
Feb
12%
Deo
13%
Dec
18
33%
Dec
35
Dec
17
13%
Dec
21
Feb
Oct
64
Jun
22%
Nov
34%
Jan
100
141% Oct
31
188 Va
Apr
100
59
163% Jan
May 12
70
27
158
Oct
5
55
Oct
79
Feb
20%
Dec
20%
Dec
Feb
35% Aug 22
21 Va Mar 5
9
100
1
17
$5
July 29
Oct
ll7/s Nov 21
29
105% Feb 27
35%
35%
300.
1,500
26%
26%
*150
100
Oct
32% Oct
14
23 Va
Deo
52%
Apr
1
4% May 14
8% Jan
10
6%
Oct
13%
Jan
78
May 17
6% May 19
31% May 21
No par
preferred-
No par
.25
—
No par
57% Apr
14% Nov
.
.
.
20
Printing Co
4%
3,300
A)
6%
800
Hart,
73/8
300
-5
com
,
74% Nov
14
21
26 Va
27
94
38%
38%
102%
102%
26 3/4
26%
*91
39
102%
"
1,100
Hecht
39%
500
Heinz
102%
90
Co
3%%
3.65%
56%
Sep
78
35
NOV
15
Oct
40% May
24
Aug
17%
Oct
Jan
Jan
May
16% Sep 12
.
,t
>
33
Apr
16
Jun
30
39
Jan
19% Feb
11
14
Xl4% Nov
14
19
Jan
22
4
26 Va
Feb
4
103
Oct
119
12
105%
Jan
109 Va
com—No par
19% Apr
17
15
20%
Sep
148% Oct
30
160
Jan 27
151%
Nov
Marx
common
preferred——
cum
78%
100
&
Jan
30%
Oct
112
Refrac
Co
108
Sep
108'A Sep
26% Oct
Glass Co
(H J)
Nov
9%
31%
10
4%%
94
.
8
80
15
Hat
82
July 22
Apr
.-100
pfd—No par
27
2 6 3/8
*80
No par
Co $4.25
preferred
Schaffner
July 16
14% Feb
3
49
'
.—25
-
Co
preferred^
(M
Harbison-Walk
32%
*7%
Watch
conv
Hanna
154
*31%
Water
Hall
(W F)
93
Apr
-
Hackensack
Hamilton
111
102%
May 27
No par
preferred
conv
Gulf Mobile & Ohio RR
Hazel-Atlas
103
Feb
40 Va
28
5
40%
100
1,300
84
2G %
*91
Jan
27 %
Oct
5
No par
263/4
38
12%
54 Va May
12%
3
Aircraft Corp
Guantanamo Sugar common-,
1,000
26'/a
Jan
30
preferred
5,400
94
Feb
16
30% Mar
10
Mar
Jan
Sep
Grumman
8%
38
26'/a
Oct
Apr
43
27% Mar
24
8%
*91
5%
Oct
Mar
77
49% Feb
15'A Oct
8%
38
5%
107
113%
25
Corp—No par
8%
94
Sep
19% Nov
37% Feb
7
8%
26%
Nov
Jan
22 % Jun
29% Oct
8V4
*37%
Sep
50ya
Jan
47% May
88% Apr
14% Feb 10
Mar 28
1
8Va
*25%
2
23
100%
105%
8%
151%
13
Apr 18
34% May 21
Co Inc
8 Va
*91
42% Apr
May
No par
Bay & Western RR
Tap & Die
Jan
21% Oct
83
Jan
2
No par
41
1
com
pfd
July 23
61% Feb 21
20
13% May 13
5
8%
26
57/s NOV
29
No par
8%
31 Va
6
Oct
Feb
1
Corp of Amer class A
preferred
Hayes Industries Inc
Hayes Mfg Corp
26 %
17
83
No par
Ry
6
Sep
Feb
124
Co
Gulf Oil Corp
26%
Highest
9 per share
19
58
May 14
No par
conv
Jan
26% Nov
22
No par
Gulf States Utilities Co*
7%
$ per share
No par
No par
com
8,700
*80
Year 1946
10
8,900
7%
Sep
Lowest
$ per share
51% May
6
5% May 21
104% Jun 13
100
Inc
14%
84
104 Va
Oct
Apr
71%.
*7
Jan
May
14'/a
*80
118
58
71'/a
31%
Jun
106
14%
*150
60
Deo
71 %
31%
Feb
Nov
102% Sep
96
Apr
111
Oct
14 Va
154
32%
49% May
46%
Oct
Oct
53
71%
31%
NOV
100
12%
*150
32
24%
105
103
45
25%
July
10
12 Va
26
Jun
132
18
45
25%
47
Oct
Nov
12%
15
Oct
Jan
Greyhound Corp (The) —
11%
ioi
36
*
Jun
20%
29
101
Nov
44%
14%
May
Apr
Feb
24
12 Va
71%
11%
26 Va
Oct
92
50
44%
14%
4%
108
12%
94
104Va
Feb
Apr 15
137
Jan
preferred
Grayson-Robinson Stores
Greenfield
Jan
Jan
7%
23% May
Deo
Steel
Green (H L)
40 Va
21% NOV
22%
Telegraph Co
Iron
Apr
102%
45 %
37%
104
253/4
"
8
19% Apr
101
No par
5
3%%
Green
15%
"
*37
8
Feb 26
6% Feb
Range Since January 1
Lowest
Highest
Graham-Paige Motors
Granby Consol M S & P
cum
29
Mar 31
Hosiery
$2.25
Nov
105% Jan 20
30
Feb
7
preferred
(WT)
Dec
16
new__No par
com
(B F)
City
Feb
103
48
5
preferred
Union
132
Deo
150
101% Apr
Feb
124% Nov
101%
May 19
Northern
16
101
Gotham
80%
Oct
Jan
17 %
preferred
conv
Jan
47%
Oct
140
3
23% May 19
95 % Oct 14
Gt
1,300
11%
$5
$5
Aug
123
No par
(The)
Stock
54%
135%
Sep
Nov
Oct
3% May 17
18 Va May 19
com—No par
common
Great Western Sugar com
Preferred
31%
97%
8
6
Jun
Deo
114
19% Nov 21
S per share
4,100
107%
84
Mar 25
107% Sep 16
42
126
Range for Previous
Nothern
68
*96
8
6
24%
125
STOCK
Gt
31%
*106
*7
Feb
Oct
com
6,500
97%
*80
Feb
Apr
103
Oct
20
Goodyear Tire & Rub com—-No
80O
32
15%
107%
7
66 Va
2%
Brewing Co
&
400
32 Va
*142
Gold
Grant
*96
8
Oct
14 %
100
YORK
conv
110
*106
84
39%
6
com__No par
$4.50 preferred
Glidden Co
1,700
97%
31%
9
40%
8
No par
Corp
Corp
Brothers
11
107%
154
Apr
Feb
45% Jan
Oct
8
No par
preferred
conv
Gimbel
99
31%
*91
94
,
31%
7%
27
*25%
154
62
18
Par
10%
*106
25%
Deo
Feb
1
Gillette Safety Razor
99
*14%
107%
182
33%
27%
156
4% Feb
EXCHANGE
26%
31%
6
NEW
Granite
*96
25
Oct
3
5
Grand
15
*106
7
Feb
1,200
9.6%
24%
8
16% Jan
31% Feb
No par
pfd
12
35 %
15%
Feb
Jan
98
2,200
15%
*63%
X71 Va
14%
107%
26%
77/a
*26
*90
35 Va
15
•
*-961/4
•
15
35%
Sep
Aug
47% Aug
12% May 19
19
May 19
100
h
98 %
.♦15%;
:.»i4%
;
*35
36%
x35%
90%
39% Feb
.
i
Deo
5
10c
45%
46%
74
68
101
30 Va
6%
92
Apr
74%
1
27
32%
*15%
11%
101
16%
Nov
*101%
46 %
37%
Apr
8% Sep
2% May 16
Corp
Apr
28 %
83% July 16
47% Feb 13
3
Nov
Apr
200
Nov
26
1
par
Apr
14%
13
15
Co
Dec
71 Va
18% Jan
9
14% Feb 11
20
Nov
109
Deo
3
124% Nov
Jan
X170
84
102%
*101%
104 V8
22%
51"% Jan
Deo
Jan
May
1
100
Goodrich Co
45%
144
6
July
preferred
6,700
104%
37
185
22
59%
45%
22%
Sep
Sep
Jan
59%
20%
144
10%
108
59 %
104 Va
22 V2
l i
13%
10c
$6
Goodall-Sanford
44%
37%
13% Feb
19
40
*19%
146%
48
Nov
2,700
104 Va
22 %
Deo
17
96
24'/a
45%
37%
194
100
122%
19%
*144
9
preferred
24%
104%
*
20
4%%
25 Va
44%
11
21
Oct
Jan
19% Jan
Rubber
24%
19%
35
Nov
58% Oct
20
Jun
7%
16
Cement
Instr
&
Nov
23
13% May 20
18'A Oct 20
Shares
104%
35
Tire
110
10
preferred
Sales for
20%
34'%
Gen
16
67% May
24
May
21% July
99
Telephone
Time
the Week
104%
34 %
General
Gen
125% Nov
100
Corp
Cast
58%
25 Va
59
101 %
25%
*52%
124
25 Va
23 %
*92
54
*121
29%
*96
23%
95
*52%
t per share
Friday
Nov. 21
Nov. 20
*19%
35
Steel
Deo
3%%
104 Va
*34%
General
4%%
25
No par
Equip Corp—No
General Shoe
38
7
109
20
96% Nov 10
11
May 19
43
May 19
1
& Utilities
Refractories
130
4
33
Realty
200
43% Feb
160
Service
2,300
17
19
No par
Portland
29
29%
Deo
10
No par
common—No par
Railway Signal
preferred
6%
Gen
Sep
series
Adv
31
*27
27
102 %
Gen
80
3,400
17
8
Nov
com
Public 'Utilities
Gen
>■
Corp
$3.75
Outdoor
19
9% Feb
Jun
preferred
Preferred
21% Nov
32
May 19
363/4 Nov 21
100
Motors
117
*30%
*116
29 %
129
4%
Thursday
98
23%
*92
25
101%
24%
*94
1 per share
6%
124
25 Va
*100
3 Va
$5
Gen
26
STOCKS
25%
*52 Va
29%
27
Nov. 19
23%
93
30
28
Wednesday
23%
94 %
22%
*93
28%
*30%
96
*81
Nov. 18
17
a
4%
*115
102%
98
Tuesday
.
Va
24 7
Nov
I per share
29%
*26
*101
24%
Monday
Nov. 15
*96'/a
24%
98
*81
Saturday
27
*101
25
*96
85%
28%
27%
24 Va
98
30
102%
*101
25 %
25%
xl5
2%
General
19,600
14% Nov
24
Corp
common
124%
3
148
preferred
conv
Jan
Apr
*17% Feb
8
preferred
3%%
13%
129
5%
113
2 7'a
127%
4%
*30%
126
*109
125%
125
27
27
126
113
13%
*23
129
4%
125%
113
2%
24 Va
129
126
15-/8
15'/a
13%
*23
126
*108%
13%
3
13%
58%
126%
113
18%
18%
15%
*2%
126'/a
*108%
11%
21
Sep
No par
General Instrument
48%
15% May
Oct
37
No par
Jun
July
Sep
No par
com
10% Sep
27% May
48
112
18%
May 19
Apr 28
No par
Sep
2
50
com
17
09
Jan
49%
Jan
100
Co
28% NOV
103/4 Oct 23
8
71
preferred
Electric
Mills
17% Feb
168
Mar
5
11% Jun 16
No par
com
preferred
$3.50
2
100
2nd
General
95 Va
Nov
18
Jan
21
48
Apr 17
9% Oct 16
5
preferred
General Cigar Co
40
35%
35%
103
5
General Bronze Corp
17
14% May 21
10"% May 19
1
100
No par
General Cable Corp
Nov
Jan
103% Mar 10
12% May 24
14% May 17
43/4 July 22
26% Aug
4
5
preferred
13%
%
com__
Baking
12
Va
Investors
General
13%
40 Va
96
9
22
39
20
5% May 17
12
1
com
Nov
18 Va Jun
No par
Inc
5,700
60
July 24
Nov
No par
2,000
170
110
16
1
10 Va
10 Va
7
79
1
56
*166
Sep
11 Va Nov 21
19% Sep
a
1
$4.50 preferred
General Amer Transportation
12%
39 Va
*94
10%
*166
71
Feb
com
100
13%
35 Va
39
10%
170
7
Jun
conv
*80
149
35%
10%
169
94% Jan
23% May
100
Apr
Jan
100
Industries
12
26
149
148%
*12%
10%
173
Oct
61
General
10%
Jan
12'A
Sep
common
103
55%
Feb
lift
13
45%
common
American
Jun
21%
Oct
14
15% Feb
36 Va May 19
6,000
15%
*100
29
20 %
333/4 Oct
10
15%
15%
55 %
Aug 28
24
Jan
281
preferred
50
Gaylord Container common—1.66%
103
Jun
35%
1,000
15
20%
Sep
6,700
54%
Sep
Sep
23
103
lb-Va
19% Nov
33%
15'/a
Apr
b
20%
22%
54%
10
25%
33
106
57
18
22%
14%
Oct
13
32
53%
Jun
33%
25% Jan
8
50% Feb 10
22%
*103
y«
J
17% Jan
May 19
12% May 20
31%
14%
2b '/a July
26% Jan
22%
4%%
115
105
2y7/a Feb
31%
42
26
Wood
46
Sep
110% Feb 2b
23% May 23
22%
*168
79%
26
Gar
Oct
19% May 17
20
Gardner-Denver
20%
Nov
No par
(Robert)
Co
Nov
16
25%
10
preferred
Gamewell
52
15
41% Jan
10
Nov
109'/a Jan
70% May
za,
69% May 17
96
34 Va Mar
25
Co
(The)
105% Dec
May 17
9
100
31'/a
11%
26
Co
19% Sep
39% Oct
May 29
14% Jan 13
10
22%
14%
13 V4
*40 V2
6%
4
21% Jan
18
1
preferred
400
6%
30
Nov
14% Nov
22%
173
42
14%
21%
10 >/4
41%
14%
6%
10%
79'/a
14%
101
Feb
10
107% Aug 7
62% Oct 23
14Va May 27
24
May 19
lo
Co
Trailer
cum
Gabriel
*20%
10%
80
4%
Gair Co Inc
14%
Sep 16
51%May2o
Froedtert Grain & Malting Co Inc_l
Fruehauf
100
6%
10%
80
Sulphur
1,100
20
21%
53%
11%
Freeport
7,800
*19%
Apr
26% Feb
104
No par
Corp
Sugar Co
9%
19%
Feb
83%
7%
prior preferred
10 Va
10
*19%
70
Nov
No par
Corp
Steel
Francisco
240
6%
107 %
11%
*9%
6%
8,400
20%
53
11%
9%
10%
480
6 Va
*103
*12%
14%
9%
10
Carpet Co
Machinery Corp
3%% cum conv pfd
Foster-Wheeler Corp common
390
20%
52%
13 Va
20
Oct
51
31%
107%
*12 V\
10 %
19 Va
14%
*
9%
10 Va
10%
20
49
21
No par
Food
900
21%
80
52%
*168
12
21
80
52%
173
11%
21
2b
61
Food Fair Stores Inc
4,800
25%
80 %
52%
*168
12%
28
59% Feb
*30%
14%
*103
14 V\
*20 V4
.
6
31
9%
*12
98%
26% Jan
46% May 27
42 % Jun
5
100
Stores
Power
Follansbee
1,700
26 y4
*25 y4
20% May 20
25
Florsheim Shoe class A
500
40'/a
Florida
Highest
$ per share
1
(The) common—No par
$4 preferred
No par
Florence Stove Co
No par
8,500
7,500
14%
$ per share
20% May 17
Flintkote Co
100
31%
*22
35%
Year 1946
$ per share
10
Y
com
preferred
(The)
800
4,300
14%
14%
36
$ per share
Lowest
5
Corp
Firth
16%
Range for Previous
Range Since January 1
Lowest
Highest
Mfg Co
National
36
36
Enamel
First
38 VA
37 Va
Ferro
Tarrant
1,400
103 Va
*16%
*102
&
Fidelity Phen Fire Ins N
Firestone Tire & Rubber
100
60 Va
STOCK
Par
1,400
22 %
22
YORK
EXCHANGE
Shares
50
*105
RECORD
the Week
54 %
22
(2113)
STOCKS
Nov. 20
I per share
20%
STOCK
Nov. 21
Thursday
Nov. 19
21 Va
FINANCIAL CHRONICLE
PRICES
Wednesday
9 per share
YORK
&
common-
preferred
10
1
100
1
2
25
96'/a Nov
104
28% May 19
22
100
93
100
Nov
10
6
May 19
4% May 19
25% May 16
-15
25
39% Jan
10% Feb
100% Apr
6% May 19
83
35,
May 21
Nov
5
May 16
102% Nov 20
.
0
33
Nov
Jan
Apr
Apr
34% May
170
Aug
60% May
16% Jan
3
8
Oct
7
99
Sep
106%
Jan
12
Feb
9% Oct
8
Nov
20%
Apr
24
5%
NOV
15%
Jan
35% Jan
8
29%
Oct
36
Dec
51
may
8
2 •
28 Va Nov
30% Jan
Nov
103% Apr 141; ; 101
42% Feb I3l~ 41% Dec
D pc
108
July 14 ^ ,103
\ 109% Mar
44
105%
Dec
Dec
21
22
THE
(2114)
~
t per share
*52
54
*52 Va
*143%
144%
*17%
*
18%
*52%
*
129 %
*32%
144%
18%
32 %
*120
27
27
12%
3lVi
121
12%
131
52%
*143%
144%
18%
18%
18%
12%
53
51%
600
52
1,800
Hercules
Motors
3,700
Hercules
Powder
53%
*129%
53%
54 Va
54 Va
•
31%
28%
28 %
27%
27%
12%
Xl2 %
12%
*29
31
32
32
121
121
12%
*29%
120%
28%
28
131
*129%
*31%
32
122
1,400
32%
890
122
122
12%
28'/a
*28%
28%
28%
28%
*27%
28%
*27%
24%
24%
25 %
25 Va
25 Va
24%
25%
24%
25
3,100
18
17%
17%
17
17
200
*17%
*
*17%
18
19%
20
19%
19%
41
41%
40%
41
*17%
17%
17%
18
17%
43
48%
48
31
31%
31Vs
31%
rl%
rl%
1%
1 ft
31%
96%
96%
97%
80
39%
40 V*
40
40
40
40%
1,800
24
24%
24
24%
24%
25%
14,400
22 %
24
*21%
23%
*22 Va
23
100
36
36%
36%
36 Va
*36
37
2,900
Howe
3,900
Hudson
1,600
5 %
*96%
98
40%
x40
40
*22
*33%
33%
34%
4%
4 %
%
24
23%
23%
23 Va
23 %
23 %
32
3,200
32
32
32
•3,400
97
40 %
23
300
—
—
97
23
48%
31V*
41
23%
1,900
Houdaille-Hershey
$2.25
preferred
31 Va
97
*21%
23 %
34%
34%
35%
4%
10%
11
*
*95%
4%
%
11
*95%
97%
4%
4%
11 VB
*10%
5 Va
5
4%
*10 %
4
4%
4%
131/4 May 19
Homestake
31%
*40%
No par
12.50
No par
Holly Sugar Corp
Mining
1,900
4,500
43 Va
*96%
5
20
*47%
11%
11%
12
Household
com
Sound
*9%
11
34
33 Va
33%
34
35%
25%
35%
35 VB
35%
18%
19
18%
19 Va
19
19%
19%
20%
19%
20 Va
19%
20
21%
20%
20%
20 V2
20%
*16%
17%
1,500
Hunt
Foods
4%
4%
4%
4%
4%
4%
4-%
5,000
Hupp
*31%
1,400
irf-
4%
*31%
4%
CO
58%
32%
4%
4%
32
32%
31%
32 %
31 %
32%
25 3
25
26
27
26 Va
27%
26
26%
25%
11,800
60
61
61
61
61
*61
61%
800
98
*96%
98
4
58
*22
*9%
58 V*
*57%
58
98
*96 Va
98
*96%
22%
*96%
*22
23
*96%
9 V*
9%
22%
22%
22 V*
22%
rft
iV
rft
98
*96%
98
23 Va
9%
23%
*23
23%
10%
10%
10 %
10%
%
22%
22%
22 Va
22
1
i
1
rft
6
7"
I
i'«f
Mo
let
25%
23
23
210
9%
10 VB
10
10
11,400
22 Va
23 VB
23
23 V*
—
14%
14 %
14 V4
500
48 Va
X47 Va
48%
1.600
131%
131 Va
400
14%
*14%
*46%
47
48
*48
130
*127%
130
*128%
131
132
132
132
132
*170
174
*170
174
*170
174
*170
174
*170
174
39%
16%
15 V4
39
39%
47 %
V*
7%
46%
103%
39%
40
*102
6%
*14 V4
14%
47%
47 Va
39%
39%
16 3
4
*16%
63
4
*6 Va
45%
45%
102 VB
16%
7 %
4
103 Va
45
*102
47
45 3
16%
16%
*6%
*45%
14 3 4
15
15
47
102%
16%
*3%
3%
3Va
3%
3%
13%
I3V2
13%
13%
101%
3%"'
3%
13%
*6 Va
46
14%
214
214
87%
165
86 Va
88
165
165%
7%
32%
*78
32%
33
*3%
28%
57%
*99 VB
12
*110
*3%
4
28
28 V*
Va
33
57%
101
57%
*99%
57%
100 Va
12
12
12
110%
110%
86%
167
16%
7 %
46
102%
3%
14 V4
230
39%
16 %
*6%
232
87%
88
88%
86%
170
172%
170%
7%
7%
7%
32%
32 Va
7%
32%
83
*78
*78
4
3%
x27%
33
33
llT%
Jun
3
30
25
16% Jan 16
20% May 19
29
31% May 19
100
3
83
*78
4
4
28
28
28 V*
3%
27 Va
134 Va
134%
134%
134
57%
58%
58 V4
59%
x56
*99 V*
100%
*134
12
110%
110%
99%
99%
*98%
11%
110%
27%
•
134
56%
56%
*98 V*
100
12
12
111
*110
12
111%
110 V*
*35
36%
*35
36%
34%
35
12%
36 V*
13
12%
13
*35
*22
International
22%
Paper
preferred
36%
36%
36%
1,200
7%
International
13 Va
49,300
12%
13
12%
13%
4,300
Foreign
22%
22
22
22 Va
22 Va
700
Interstate
27%
200
200
Island
27 V*
65
*145
153
*145
LOW
AND
HIGH
Saturday
Monday
Tuesday
Nov. 15
Nov. 17
Nov. 18
9 per share
*27
*63 Va
*145
153
27%
*64
*145
SALE PBICE3
Wednesday
12:%
13
*27
27
66%
64 V*
*145
153
$6
153
1 per share
6%
Oct
16 Va
7
6
12% Jan
A
221/4 Nov
14
17
X35% May 20
X48
Creek
25
Nov
11%
Sep
% Nov
21
36
Sep
136% Oct
21
116
Oct
July 29
180% Feb
18
168% Mar
Oct
21
Apr
July 17
42
19
Friday
NEW
Hie Week
9 per share
Thursday
Jan
54
Jun
190
44%
Jun
Aug
Jun
53
8% Feb
8
7 Va
Sep
11% May
Jan
9
35 %
Nov
59
May
Aug
112
May
5
1
com—No par
15
com
No par
No par
101 % Nov
19
108
192 % Apr
70
29
Jan
5%
Dec
13%
Oct
20 %
246
95
Nov
20
July 14
Jun
Apr
175%
Dec
6%
Oct
15%
22% May 19
34% Oct
22
27
Sep
45
Jun
83% Nov
96
29
90%
Deo
101
Aug
5
3% May 17
Jan
5% Feb
8
30
36% Feb
8
9
136% Apr
2
38% May 19
59% Oct
22
27% Sep
130% July
99% Nov
19
9
May 19
104% May 16
46% Apr 23
37% Jan
12
95%
Oct
18
11%
Nov
Feb
20
101 %
Sep
5
58% Feb
44
26
Aug 25
20
11%
Feb
42 7/a
Feb
148
55%
113
Feb
Deo
Aug
26% May
52%
Sep
July
70% July
36
Oct
49%
Jan
39% Nov
60 Va
Aug
42 Va
Aug
37
Dec
125
17% Feb
May 17
11
14% Nov
31%
17% Feb
14
38% May 20
143% Jan
2
Apr
11
14% Nov
31% Feb
26% Feb
9% May 17
9% May 17
Apr
Sep
Feb
2
19
38%
Oct
Oct
Aug
16
107% Sep
7
Jun
4%
28'/a
133
116
Feb
i
102
202
12
11
40
1
Jun
10% Feb
32
No par
common
66% NOV
Feb
Feb
250
186% Jun
25
No par
Jan
13
28
No par
195
Feb
May 19
6
63% Oct
ctfs
22%
10 Va
Feb
40% May 19
Stores
105
Sep
11
7
13
163% Nov
Mar 21
13 %
15% July 24
May 19
25
common-
YORK
Sep
22%
151%
17% Feb
25
preferred
Sales for
Nov. 21
9 per share
Jan
May
50
No par
Coal
33%
36
12% May 19
No par
Co
Sep
May 27
107
Jan
5
ft
23
6% Sep 30
35% May 17
Telep & Teleg—No par
share
Dept
■30% Jan
11
23%
50
26% Aug 19
64% Nov. 21
153
1
Aug
Dec
20% Deo
39%
141
STOCKS
Nov. 20
Nov. 19
9 per share
27
66
153
10% July 17
No par
Intertype Corp
64 %
*26%
*62%
7% May 19
preferred—
13
22%
37%
1
Shoe
22%
65
Oct
20
Salt
*12%
27%
14%
100
59
*53
*22
22%
25% July 24
preferred
13%
*26%
16
Int'l Rys of Cent Amer com—No par
13%
*62 Va
Jan
100
International
12%
27%
Apr
15"
loo
22%
12%
99%
common
Canada
12%
13
Sep
Mining Corp
12%
62 Va
• pet share
Chem
Nickel of
12%
12%
87
Preferred
12%
62%
153
36%
Jan
Aug 22
preferred-,
12%
*26%
*145
*58
&
59%
42%
58
Jan
97
100
International
54 Va
*42%
Sep
21
Mex, S
common
International Silver
*53
42 V*
31%
Jan
9% May 19
International
54
42 V*
1
39% Aug
93
3
700
53
41%
Jun
Apr
5
Machine
Harvester
5%
10%
45 %
Preferred
$4
Sep
85
100
600
53%
41%
58%
110
5%
44%
No par
500
*52%
42%
58
5,000
Jun
8
7% Feb
May
Oct
No par
54%
53%
*42
58 Va
100
12 V*
49%
Oct
Rubber
59
*52 Va
42%
*57
99%
110 V*
34% Mar
Oct
18 Va
Mining
17,500
Oct
25 Va
41
No par
42 Va
53%
42%
58 %
57%
Sep
14%
2
7
1000
Iron
Business
Int'l
33
15
Jan
23
Int'l
170
45 %
3
21 % Oct
Feb
5,400
1,000
Jan
Oct
Hydro-Electric Sys class A
25,700
Jan
25
11%
30
May 19
com
42 %
*52%
58%
28%
12%
Dec
5
3
30
Int'l
134
Feb
Oct
28
63%
2,100
4
3%
4
July
60%
18% May 19
preferred
Int'l
111
58 V'4
4% %
8,900
12
12
De
Corp
87 Va
28
47
Oct
37% May 21
33
Int'l
134
Oct
30%
43% Feb
May 14
174
4%
24%
—100
-—100
3,000
83
Apr
5
Feb
7% Feb
3% May 20
No par
244 Va
*78
30
13% Mar
12% May 19
151/4 May 23
30
Oct
38% Mar 28
May 19
33
14%
100
Co
Interlake
83
26% July 24
7% May 16
l
Intercontinental
Jan
99% Dec
1ft Oct
45% Jun
No par
1.30O
56
29
46 »/2
100
Electrica
6,200
33
Oct
Ingersoll-Rand common
6%
preferred
3%
32 Va
12%
105 % Sep
Industrial Rayon
14%
33%
Sep
Sep
34% May
34%
1
V<( Nov.
3 V*
750
22
13
6
Inspiration
7 Va
25
5
Rights
2,400
173
Jan
Jun
19% Feb
371/8 May 21
Indianapblis Power & Light—No par
17
7 Va
25
48
96% Nov
series A_:
14%
86%
17
May 19
35% Jan 23
Apr
Jun
May
Feb
common
Interchemical
172
40
Jun
Consol Copper
Insuranshares Ctfs Inc
7%
Dec
6.66%
700
87%
18
Apr
4 %
3 Va
172
20
35%
No par
600
232
20 % Oct
Sep
20
14%
246
141/4 May 28
May
27
Illinois Terminal RR Co
Inland Steel
240
37%
11
7,700
103
41%
Oct
100
6%
103
Sep
22%
6
common
46%
63
21%
2
x43
Oct
c
4
16%
7%
12
31% Jan
1
t
46 Va
17
103
3%
14
—
X29 % Nov
NOV
36
Car
ctfs
39 Va May
17
5
lines
Oct
21% May 20
26
11
preferred series A
Industria
22
10
28% Jan
Inc
RR stock
4
3
Feb
No par
v
Illinois Central RR Co
6 %
29% Jan
No par
Min & Sm Ltd—No par
Motor
40%
40
46
103
174
*170
40 %
46
169 Va
7%
4
28%
134 Va
*134
225
221
X217
7%
83
*78
134
87%
167'/a
IV*
7%
83
134
215
215
14%
39%
8,800
109,200
—
__
Hudson Bay
Hudson
Leased
23
23
*127%
*14%
32
32%
*32
25 %
25
21
21
21
4,100
10,500
Jan
28%
Idaho Power Co
21 %
35 '/a
146%
52%
Corp
21%
35%
Nov
Nov
preferred
*33%
Apr
123
5
lft Nov
Manhattan
&
Apr
46
Corp
non-cum
Jan
72%
139
21
Co
*9 %
Sep
Jan
i—100
Texas
Howard Stores
46%
130
Feb
rights
of
Jan
Aug
38%
56
com
preferred
Oil
90
192
15
Houston Light & Power
Houston
Oct
Deo
17% Nov
Apr
50
Finance
Common
3%%
20
(A)
42%
*48
$ per share
Sep 25
Sep
22% Apr
19%
48%
134
1
5
41 Va
*47 Va
38
29
(Del)
19%
*17%
18
Oct
13% July
Sons
169%
Mar 21
32
42%
18
30% Nov
118
Feb
5
19
17%
63
134
11
42 Va
18 VB
9
12
23
19%
18
5
501/4 Sep
Sep
42%
18
8
129'/4 Nov
^
61
22
Jun
19 Va
48%
*48
48
(C
&
29
Jan
26
Furnace
Hollander
Jan
22 % Feb
10% Jun
Paper Co
E) The
41%
18
17%
Co
Holland
68
5
Hires
28%
24%
42
Highest
$ per share
165
5
i.—10
20,0
*28%
21
14'/2 May 17
Inc
Hinde & Dauch
24%
5iy2 Nov 21
1431/4 Nov
Corp
Hotels
300
29%
20
Lowest
1
100
Hewitt-Robins
32
28%
20
$ per share
No par
common
Hershey Chocolate new com_No par
$4 conv preferred
No par
Hilton
*31
No par
preferred
2,300
12%
30%
29%
42
5%
3,600
12%
30%
28%
*■17%
preferred
non-cum
12%
12%
31
*25%
*17%
7%
29
*28
28%
70
131
*29
18
25
100
common
10
18%
54%
31%
(G W)
143%
18 Va
129%
121%
Helme
143%
18%
53%
$ per share
Par
Highest
'
144%
129 %
Year 1946
Lowest
Shares
18%
53%
121
Range for Previous
Range Since January 1
STOCK
YORK
EXCHANGE
143 %
129%
31
*26V4
52%
*
53%
3034
32
120
120
$ per share
129%
53%
53
*129%
53
144%
52%
143 %
18%
*
the Week
$ per share
share
share
52%
53
143 %
*18 Vs
53%
131
S per
$ per
$ per share
NEW
Sales for
Nov. 21
Nov. 19
Nov. 18
Nov. 17
Nov. 15
STOCKS
Friday
Nov. 20
Thursday
Wednesday
Tuesday
Monday
Monday, November 24, 1947
CHRONICLE
HIGH
AND
LOW
Saturday
COMMERCIAL & FINANCIAL
Feb
Apr
34% July
Deo
50
Aug
Deo
163
Jun
Range for Previous
STOCK
Year 1916
Range Since January 1
EXCHANGE
Lowest
Par
Shares
Highest
$ per share
$ per
Lowest
S per share
share
Highest
$ per share
|
«J
93/4
10 VB
10%
10
10%
10%
10%
10%
10 Va
10 V2
10%
10%
13,700
'
*21%
?93 Va
21%
21
94%
%
21%
*21%
42%
94
93 Va
44
44
45
*44 V*
100
*43%
*98
*98
100
94
42%
42%
43
*98
43 V*
*21 Va
93 V2
45 Va
100
21%
21%
93 Va
94
93 %
45
45
*44%
*98
21%
100
43%
44
44%
121%
*117
121 %
*98
43%
X20%
22 %
93%
92 Va
44%
45%
*98
100
44%
43%
221 Va
*116
121%
27
27
27
27
*103
106
*103
106
*140
33%
*93
*140
33%
*117
27 %
*103
*140
33%
27%
*27
*103
106
27%
106
*140
__
34%
34
35 VB
93
93
93
93%
*92
38%
38%
38
38%
38%
38%
*17%
18%
17%
17%
17%
17%
35%
*118
28
106
28 Va
*103
*140
35%
35
93
*92
39
39
39
17%
17%
*91%
*118
121V8
28
*103
(F I)
.1
Co
20%
500
93 V*
240
Jersey Cent Pwr & Lt 4%
44%
700
Jewel Tea Co
Jaeger Machine Co common—No par
3%%
100
Inc
1,400
Johnson & Johnson
3V2&
28%
4%
106
preferred
10,000
35%
35%
93
92
92
39%
39 V*
39%
3,700
18
17%
17%
800
300
_
_
_
7
99 Va Nov
100
Jun
14
24 Va July
53
Jan
4
2
10
104% Sep
46 Va Oct
100
__
Joy Manufacturing Co
1
100
Deo
Dec
24%
45% Nov
108
Jan
July
59% May
2
2
16
Oct
125'/a Oct
16
111
Sep
153
Apr
109
May
115%
Feb
140
May 19
24% Sep 29
106
Mar
150
34 Va July 28
31
112
Jan
11
27% May 17
39
Feb
8
100
RR stamped
8%
28
104 Va Feb
39% May 20
110
12 %
13% Feb
21
100
_
common
2nd preferred series A
preference series A
lo
92 Va Nov
37
Jones & Laughlin Steel com„No par
5%
6V2 Jun
x20% Nov
No par
Corp com
Joliet & Chicago
*140
35%
100
preferred
Johns ManVille
121
pfd__ 100
common-—No par
cumulative
4,500
44 V4
'
*115
Jacobs
31%
Nov
53%
Feb
Feb
Nov
21
101% Feb
18
99
Sep
108
May
25 Va Jan
3
40% Oct
20
18 Va
Oct
34
Apr
22% Feb 10
17%
Oct
38
May
92
K
*17%
Kalamazoo Stove & Furniture
10
14
100
100
City Southern com___No par
preferred
-J
100
5
Kclsey Hayes Wheel conv class A—1
16
Kansas
*99
21V4
*47
17%
100%
*99
21V4
21
21
2IV4
22
22 VB
49
48
48
49
49
50
50
17%
1774
18
17%
17%
17%
17%
24 Va
24%
24%
24%
24%
24%
18%
181/4
18 Va
19
19
*24
24 Va
*18
18 Va
48%
*45 Va
24'/4
*107%
48%
47
24 V*
100%
*18
48 VB
*45 Va
48 Va
47
24 VB
24V4
*99 V*
47%
*46
24%
100%
48 %
100
100
22%
*99
21%
*49
100
22%
22%
52
17%
24 V4
*49
22'/b
24%
700
*
20
17%
1,300
241/4
700
19 VB
19 Va
900
26,100
48%
4874
48%
49%
48%
49%
46%
46
46
45%
45%
241/B
24%
24
241/4
23%
24
108%
107 Va
107 ■' '2
15
*14%
1474
*14'/4
147B
*14%
15
*76
77
*76
77
*76
77
*76
77
*76
*33%
34%
34
35
35
35
108
2,400
50
*45%
47
40
.
24V»
241/4
*19%
100
17%
17%
*14 V*
107
100
*107%
109
108%
*107
108%
1
900
3,500
230
108%
'
33%
33%
34%
14%
14%
*14%
100
14%
10
93'/4
*97%
98 Va
210
37V4
37%
3,200
800
Kress
Kroger Co
6,000
*
98%
99
98 '4
981/4
38%
38
38%
38
38 VB
*37%
*49 VB
49%
49 %
49 Va
49 'a
50
50%
50 Va
50%
50%
*50V4
507/B
*43 %
50 VB
49 VB
4914
49
49%
48%
49
48 V4
48'A
481/4
481/4
800
5Va
4,800
5 Va
5%
5
5
5%
5%
5V4
5%
10%
10%
10%
*10%
a
10 Va
10%
*10 1/4
24
241/3
241/4
24%
24 V,
2414
23%
11%
11%
11 %
11%
11%
11%
11%
11%
54
*51
107
38
5%
5
Nov
4
19
441/4
44V4
18%
Oct
40%
Jun
58% July 24
18
Nov 17
45
Sep
67
Jun
15
Dec
26 Ve
20% May 17
26 % Feb
8
19%
Sep
34%
Jan
21% Oct
15
11%
Nov
30
Jan
13% Jan
2
10%
10%
24
*11'A
11%
11 Va
400
10%
23%
11%
2,200
41
Sep
60 %
Apr
15
49% Feb
13
32Va
Jan
55
22 % Jan
16
27% Feb
13
21% Nov
104% May 19
116% Feb
13
41% May 17
52 % Jan
39
-
500
Lambert
108%
Dec
11% May 20
20
Feb
7
15%
Feb
29
Jun
65 % Jun
85
Jan
6
82
Dec
100
Aug
May 19
38 Vb Oct
16
26%
Oct
46
Jun
95% July 14
102 % Aug
101
Sep
25
17
5
96
Dec
40
Oct
22
33
Nov
No par
45
Jun
3
59
Feb
4
43
Sep
45% May
62% May
(The)-———No par
40 Va Apr
29
52% Oct
21
43%
Oct
65% May
Light Co
4
pfd—75 Pesos Mex
10% Nov
7
(The)
No par
23 Va Sep
29
No par
50
10
Co
&
Co
Bryant common
4%%
preferred
52 Vb
*52
53
*52
52 Va
*52
52 Va
*441/4
45%
44
44 %
*44
44%
500
Lee Rubber
26%
26%
26%
500
Lees
100
—
Lane
45 V*
*26V4
26%
*26 «/4
26%
26%
26%
261/4
26V4
97%
*96
97'/a
971/2
96
96
96
96
*10 Va
10 V4
10
10 Va
10%
10%
10%
10 »/4
10%
10 V4
10 Vb
IOV4
6,400
36%
36%
36%
37
36%
37%
37%
377b
37%
37%
37%
38
3.600
*5%
5'/4
5%
5 %
5%
51/4
5%
5%
5%
5%
5%
5%
3,800
2%
2%
2
2 V*
2V4
2'/4
2V4
2%
21/4
2V4
2 V,
2V4
4,900
*25
40
*25
40
*18%
19V4
*191/4
19%
*25
40
*25
40
*25
40
20
20
20
20
*
*25
96
80
40
*
*6%
19%
19%
20 Va
1,606
_
_
*fi%
6%
*6V*
6%
*6%
6%
45 V8
45V2
45%
46%
46%
47
46%
47
47V4
47i/4
3,500
Lehman Corp
11%
11%
11 Va
11%
*11%
12
11%
11%
11%
llVa
1,800
Lehn
For footnotes
see
page 28.
3
100
10
25
50
-
-
$3 non-cum 1st preferredj-No par
50c non-cum 2nd pfd
No par
12
6%
5
_
'Lehigh Coal & Navigation Co
Lehigh Portland Cement
Lehigh Valley RR
Lehigh Valley Coal com
No par
Non-cumulative preferred
,.50
45%
*6%
••
(James) & Sons Co com
cumulative preferred
12
6%
Tire-
3.85%
45%
7
*6%
19%
&
Apr
May
30% Aug
108% Deo
16
Co
"La Consolid 6%
527 a
*96
Vs
2
Feb
Jan
.Laclede Gas
*441/4
26%
11
'
24
*95
28% Feb
May 17
34
(S H)
44'/4
*96
5
13%-May 19
47% May 19
4% May 19
May 20
491/2 Jun
19
'
44'/»
108% Mar
10
(S S)
Kresge
5277a
*52
No par
Copper—
Keystone Steel & Wire Co___No par
Kimberly-Clark Corp com—_No par
4% conv 2nd preferred
100
Kinney (G R) Co common
1
$5 prior preferred
No par
Koppers Co Inc common-—
10
Cumulative preferred 4% ,ser__ 100
35%
99
24
Kennecott
34%
38 V\
5%
_1
B
351/a
99
24
Class
76
39
*10%
non-cum
Kayser (Julius) & Co
76
*98
98
Kansas
4%
Jun
Power & Lt Co—
preferred
77
*38%
*98
City
3.8%
Fink
(The)
Prod
1
Corp
_5
38
May 15
21V, May 19
7
5%
Sep
11%
Dec
14'/a
38
Sep
68
8
13Va
Nov
20%
8.
52
Dec
102%
13
49
Sep
3
Feb
14
Jan
9
44
Jan
31
14% Feb
Feb
56% Feb
,
56
4
30y4 Feb
2
12 Vb Feb
13
10 Va
10
441/2 Jan
9
341/4
Oct
30% Jun
31
4% May 17
1% May 19
101
Oct
Sep
Apr
Apr
Nov
17 V*
Jan
Sep
55% May
mmmmm
„
7
6 Va
Sep
11
2Va
Oct
49%
Jan
8% Feb
3V4 Feb
„
Jan
May
82
„
Apr
9'% May 2o
96
9%
17 »/4
Jan
5%
Jan
64
17
9% Feb
11
6%
Oct
Apr
38% May
151/4 Apr
38% May 19
50% F..0
10
41 y8
Oct
65 Va
11% Nov.
24
6
21 Va
Oct
33
—
14Va May 19
5% Jun
18
-
25% Feb
13
Jan
I8V4 Nov
Jun
May
Volume 166
Number 4649
THE
COMMERCIAL & FINANCIAL CHRONICLE
NEW
LOW
AND
HIGH
Saturday
Monday
Tuesday
Nov. 15
Nov. 17
Nov. Id
1 per share
193/4
53%
193/4
$ per share
*19%
54
54%
193/4
54%
543/4
19%
19%
55
Share
19%
55%
20
553/4
9%
9
9%
9 Va
93/8
9%
35%
36 %
*36
363/8
36%
36%
*36%
*88%
172
90
89'/a
172
"43
172
45
10%
43
89 Va
89 Va
172
*172
43
*41
103/4
10 Va
10%
58%
58 Va
90%
.
170%
44
10%
59
"58
90
176
*58%
$ per share
*19%
55%
9%
93/8
37
*36
90 Va
171 Va
*43
Sales for
19%
56 3/a
19%
56%,
9 Va
19%
91
4,900
9%
6,800'
36
90%
171 Va
172'/a
300.
,
91%
175
*43
44
900
56%,
9%
36
2,100'
200
,
100'
44
103/4
10%
11%
10%
11
10%
11
59
58%
58%
*57%
58%
58%;
59 Va
12,300
.
900'
33 Va
32 3/4
33 %
323/4
33
33
33%
32%
33%
32%
33%
4,400
21
21
20%
21
21%
22
21%
21%
22
22
21 3/4
213/4
1,100
86
*85
90
*86
90
8b
13 Va
13 Va
8b
20,300
69 Va
2,300
24
2,600
Lone Star Cement Corp..
Long Bell Lumber A
19%
20%
6,200
Lorillard
157'/a
157 Va
50
69
69
69%
69
69 3/a
23%
23%
233/4
23 Va
23%
23%
18Va
156%
13
18%
158
*156%
18 Va
158
18 Va
18 Va
*156%
18
158
20%
20 Va
18
156%
156 %
Co...
20 3/a
68%
22%
10%
—No par
Oil
20
69
22%
20%
Lion
18%
*156%
20 Va
19%
158
3V2 cIo
preferred.
4_100
Lockheed Aircraft Corp
l
Inc—1
Loew's
7%
(P)
Nopar
23%
23 Va
23%
23%
23%
24
23%
24
24
24
24
24
2,200
40 Va
40
41
40
41
41%
41%
41
413/4
41
41%
5,300
25 Va
25%
26
25%
26 Va
26%
27
26 Va
27
26%
26%
2,100
Lowenstein
"98
99
22
22
*38
21%
39
%
35
*38
136
*130
57
*98
*130
57%
57%
35
*97
34 Va
102 Va
12
100
12%
*19
12%
19 %
12'/a
*435
*19
12'/a
12%
500
*8%
*11'/a
27 V4
*435
9%
8%
*98
99
22
39 %
136
57 Va
12%
19%
58
*435
*11%
113/4
*26
27
39%
*
40
136
*133
40 Va
cum
pfd
3,900.
233/a
40
132 Va
414%
Lukens
Steel
Co
1,200
MacAndrews
56 %
3,700
Mack
35
2,000
136
58
58%
x55%
34%
34%
34 Va
34%
6%
&
series
Forbes
Macy
(R H)
Co Inc
12
12 34
19%
19%
19%
19%
400
113/4
12 Va
12'/a
12 Va
6,300
Magma Copper
Magnavox Co (The)
2,600
Mahoning Coal RR
Manati Sugar Co
*435
500
8%
11%
11%
*25 V4
*435
9
11%
100%
100%
*12
500
200
123/4
*435
1,300
500
4%%
pfd
Madison
Square
9Va
9 V4
9 V4
*11%
11%
*11%
11%
100
Mandel
26%
26%
*25%
27 Va
500
Manhattan
27
9%
series
A
Garden
Nopar
,..10
1
.
Co
5 Va
5 %
5%
5%
5%
5%
5%
5%
5%
5%
6,700
Maraeaibo
20%
20 V8
20%
203/4
20%
20%
20 3a
20 Va
203/s
20 Va
203/e
20 Va
3,600
Marathon
7%
7%
7'/a
7%
7%
7 3/8
7%
73/8
7%
7%
7%
73/8
9,900
Marine
Midland
15%
400
Market
St
26 3/a
4,000
*
5
5
15 V4
153b
15 Va
15%
15%
15%
15%
15%
15%
15%
26 Va
26%
26%
26%
26 Va
26%
26 %
26%
26 Va
26 Va
*15
26%
■
Marshall
Oil
Exploration
Ry
Field
*101
103
101%
*100
101 Va
610
15
15
143/4
15 Va
15
15%
15 %
15%
15 %
15%
15
15%
8,700
Martin
19 %
19%
19'/a
19%
19%
21 1/4
21 Va
21%
2034
21 Va
*20 3/a
21
3,900
55 V2
55
55 Va
55
55 Va
5534
56
55
55%
54%
55
2,700
Masonite
*55
25%
33%
25%
253/8
33 Va
33%
103
lOOVa
25 Va
25 Va
34
*177
182
*177
182
42
42
42
92 Va
91 Va
9lVa
91
91
90%
91
12%
*43 Va
*111
*88
12 V8
12%
45
91
*100
25%
25%
&
Co
com
4,300
Master
35 Va
3,800
Mathieson Alkali Wks
178 Va
30
423/4
43'%
2,400
92%
91
91
91
*88
91
12%
1234
12%
92
91
*
*90
91%
88 %
12%
4
*88'/a
860'
$3.75
cum
$3.40
13
cum
Maytag
45
*43 %
45
*43 Va
45
*43 Va
45
*43%
45
*111'/a
113
*111%
113
*111%
113
*111 %
113
*111%
113
41%
41%
41 %
41
41
40 Va
40%
*39%
40 Va
39 Va
39%
900
*27%
283a
*27Va
28 %
28
28
28 %
28V4
28 Va
28%
28%
28 Va
*95
1,300
97
*95
97
*95
97
95 Va
95 Va
*93
95
*40
41
41
41
*40%
41 %
41
42
40%
40%
*40%
41%
*27 "2
28
27
27Va
*26%
27 %
26%
263/,
"26 %
2634
26%
5234
53 Va
5 1 3
4
52 %
51%
52
52
34 V2
34%
34 Va
34%
33%
34
33 Va
98%
98
98
52
53
53
53 %
35
35%
34%
35 Va
*95%
98
98
95V2
*24
25 %
22
*97
20
*20
24
20
98 Va
20
*19%
21%
■
*95
24
23%
23%
23%
24
22
2134
2134
21%
21 %
*21%
98 V2
20 Va
98 %
*97
*20
20 V4
*97
201/4
*20
20 Va
24 Va
400
21%
21 34
1,700
93%
93
93 Va
*93%
93 Va
93 Va
93%
93 Va
93%
4534
45%
*45 Va
46%
46 %
46 3 4
46%
47
a
23%
23%
24
24 %
24
24
23%
24
*19%
19%
19 3/a
19%
19%
20%
19 %
20 Va
19%
20
*61
63
61
61
*61%
63
lb'.
*43
45
49
16 Va
4
*43
*61%
*42 Va
42 a
103%
103 %
49
94
*42'/a
4
103 Va
42%
104
401/,
103 Va
Monday
Saturday
Nov. 15
per
*16%
16%
43 Va
43 Va
38%
38%
141%
share
16%
Wednesday
Thursday
Friday
Sales for
Nov. 21
the Week
$ per share
$ per share
16%
17%
17
44
44
143%
142
142
*142
143 Va
14%
15
9%
9
9
57%
56 Va
563/4
57
57
98
98
64 %
64
64
12%
121
51
50
50%
4%
15
15'/8
14%
37%
37%
11
12%
98
*96 Va
64 %
64
13 Va
13%
121
*121
50 %
4%
15%
15%
37%
38
37 Va
38
10%
10%
10%
10%
*26%
*59%
60
59 Va
*119%
123
*118%
27%
59%
121
*27
59%
121
56%
56%
56%,
32 Va
32 Va
32%
64 Va
*64 Va
66
*64
66
*24%
25%
*24%
253/4
*25
25 3
14 Va
14'%
14
14%
14
24
24
*23
233/4
56 %
56%
32
323/4
19%
*
13%
1223/4
49
4%
420
13%
13,900
410
48%
513/4
17,600
4%
4%
41/4
5.000
Moline
27%
100
59 Va
5,400
117%
300
,
58
56%
55 Va
56%
55%
56 3/a
12,500
333/8
33%
333/4
33%
33 Va
6,300
68
66
66
66
66
26
*25
25
Va
14%
*25
14%
300
Monarch
$3.25
14%
14 Va
3,300
37
14
37
36%
37%
112
"110 Va
37
37
24%
*105
14%
37 Va
25 Va
106%
24%'.
37 Va
111%
111%
111%
*110%
14
14%
14%
14%
14%
14 %
42
42
41 Va
42
41
42
54 %
57
37
15 Va
42
*40%
42
*54%
56
*54%
56
*54%
*
56
111
*54 Va
56%
25 3/a
106 Va
*105
143/4
14
*40%
35 Va
Jun
Feb
8
61
Nov
105 Va
Jun
19% Jan
28
94
Nov
14
73
47 % Jan
3
65% Jan
10
103 % Mar
47% Jan
3
30
1113/4 Aug 18
14 Va
37 Va
110%
6,300
60
1,900
900
36% Sep
54
Sep
97
39%
104
Dec
62%
Apr
77
May
1103/4 July
Oct
61 Va
Jun
Nov
113%
Apr
Year 1946
$ per share
$ per
12% May 19
33
Apr 30
97
1
7
104
No par
100
20
1.25
Nopar
5
com
series A...No par
No par
com
Nov
10
50
Nopar
17
51% Apr 16
May 19
Jan
13
28% Mar 11
3% May 19
11% May 19
32% May 19
share
$ per share
Highest
$ per share
5
10Va
Oct
18 3A
Oct
21
31 Va
Feb
45% May
44% Nov
20
32
Nov
62%
6
140
18 Va Mar
48
156
Mar
Oct
173
14 Va
15% Nov
12
10 3/4
14% Feb
24
66 % Jan
7
9% Oct
45
Oct
1143/4 Feb
25
105 Va
Dec
29
40 Va
Apr
Oct
60
68
Sep
8Va
NOV
Feb
Jan
July
Deo
26 3/a Mar
68 %
Apr
1193/4 July
Deo
18% May
14% Oct
8
Oct
14
100
Sep
129
Mar
56 3 8 Oct
20
28
Sep
44
May
Feb
3
123
8
5Va Oct
173/4
Jan
25% Feb
7
19
Oct
52
Jan
51 Va Jan
2
42
Dec
70
Apr
May. 19
13"% Feb
14
23% Sep
8
49% May 17
110% May 16
Feb
17
28 Va
Dec
633/4 Feb
3
43 Va
Sep
128 Va Feb
4
111%
Sep
8
49
May 19
20%
Jan
3
32
64% Feb
8
34% Oct
11
52% May l'9
67
24
26 Va July
113/4 Dec
57V4 Deo
23% July
45
64
135%
Apr
Dec
Jun
104% May
20
Nov
30%
Apr
50 Va
Sep
62
Jan
1
May 16
9% May 19
Oct
9
20
3
17% May 19
Corp
Brass
No par
Mullins Mfg Co class B
$7 preferred
Munsingwear Inc
Murphy Co (GO common
17
1
14% May 19
No par
103% May 26
5
10
1
35
May 29
Apr 14
100
.
108
Mar 26
25
15% Oct
19
Oct
34%
36
Jen
May
Mar 28
27 Va Oct
20
107 Va Mar 14
15% Nov
13
14V4 Sep
102
Oct
13 V4
Sep
22%
109%
Jun
Feb
27% Aug
110
15%
11,300
49
41%
41%
1,200
56%
10
32 3/4
Oct
Jan
29
108 Va
Jun
Murray Corp of America com..—10
4%
preferred
50
9'/a May. 17
37% Jan
2
15 Va Feb
11
93/4 Oct
443/4 Feb
13
33% Nov
55%
Feb
Myers
110%
15
*55
32% July
18% Deo
Lowest
Highest
1
1,200
*110%
14
Oct
Co
Wheel
37
112
18
14% Nov
Products
Motor
25 Va
6
27 Va Oct
Motor
600
19
15
24% Jan
273/4 Feb
900
21
19
105%
May 19
May 19
25 %
21
19
24%
67% Aug
Nov
26 3%
16
19% May 19
25
21%
14%
107% Aug
Oct
50
5
2434
18%
Mueller
103
Oct
5
Corp
24%
x20%
19%
105
11
23
3
21 Va
24 3/a
105% Feb
88% Jun
43%
3
24%
15%
Apr
20 %
3
com
Inc
19 V8
108
Jun
30%
5
100
preferred
(John) & Co
24 Va
23%
36
Sep
Sep
4314 May 19
com
Tool
Chemical Co
Motorola
Apr
Oct
18 3/a
7
10
cum
Morrell
25%
35%
22
Range Since
vte
Montgomery Ward & Co
Moore-McConnack Lines
$2.50
Nov
20
8
35% May 21
Inc
Machine
108% Mar
21
Lowest
com
Co
preferred
Dec
28
10214 Oct 30
preferred series A
Monsanto
102
Apr
23 % Oct
Nopar
Mojud
*27
Apr
Range for Previous
Impl
1,000
*116%
122
Feb
10
x21 %
14%
A
10%
59%
Dec
102 %
25% Jan
Nopar
RR
19%
*105
M
103/b
273/4
May
25 3/a Feb
29% May 19
10%
122%
Apr
43
31% Feb
No par
10%
59
71
Oct
18
com
10 34
*27
Sep
25
17% May 20
pfd.100
Mohawk Carpet, Mills
*116 3/a
42
May 20
STOCK
Regul
Hosiery
Mar
16% May 19
5
1,400
7%
118
'
23% Nov
1
Corp
Mo-Kan-Texas
Jun
Jun
No par
3.90%
Power
24 Va
23 Va
10
5514 May 17
13% May 20
41
Mar 21
pfd
21%
15%
Nov
No par
Co
$6.50 preferred
Mission
May
44
3%
pfd series A
conv
Jun
65
Sep
20
50
Inc
Co
Min & Mfg
Minn
13%
122%
122
50
3.20%
Minn
17
45 Va
1
common
SS
19%
108
98
Minn-Honeywell
1,600
NOV
97
9% Oct
95% Nov 20
1,700
64%
Nov
70
May
112% May
Dec
93% Dec
33% Feb
10% May 19
6% May 19
47% May 27
99
103
4834 Jan 23
13614 Jun 18
57
204'/a
Jan
45% Nov
May 26
21
38% May
243/4 Sep
195
3514 May 19
100
*64
14 Va
121%
1st
&
*21 Va
15%
8
Feb 25
24
No par
P
19%
*105
15%
23
111
No par
cum
21 %
23 Va
24
108
Jan
49% Feb
1
4,000
14%
190
__50
5
19 Va
24
100
Prod
21%
21%
__10
Nopar
37
14 Va
2
26% Nov 20
35% Nov 20
4
Minneap & St Louis Ry
33
14 %
18
1
Co
15%
*25
Apr
Jan
Minn
55%
4
6314 Jan
75
Jan
37
*66
Feb
Jun
Sep
Jun
15%
27%
45%
30%
48
20
16
61 %
Sep
Oct
105% Feb
37 Va
122%
Sep
31
69
15%
60
*109
6
12%
Jan
113
1,600
St
30% Nov
9
Apr
112% Mar
24% Oct 23
34
10814 Mar 20
2,200
98%
64'/a
8%
Jan
57"%
3
9 %
x57
99
%
270
203/a
4
15 Va
■
Oct
Jan
9%
%
Feb
11 %
66%
Petroleum
Steel
11%
44
Sep
393/4 Nov
5
com
Miami Copper
MidrContinent
Jan
Deo
6
Inc
Par
Midland
8
3% Sep
~7%
8
37%
27%
13
26%
46% May
Jan
38
122
1
8
Oct
Nov
563/4 Feb
16
*10%
60%
64%
4%
17
8V2 Feb
Jan
12%
26
44
38
2734
56%
51%
5% Nov 20
27% Feb
Apr
4614 May 9
30% May 19
15%
121
32%
4
4%
4%
15
48 3
14
121%
4
Sep
Aug
163/4
48%
YORK
3,100
626
46% May
EXCHANGE
4,000
.
173/4
14% Nov
14%
14%
9%
121%
4 V8
142
14 Va
9%
12%
49 3/a
142
9
*120Va
28
2,000
44%
Nov
30 % May
Sep
Edison
NEW
*17%
133/4 Dec
Sep
Shares
17%
43%
443/8
15Va
18
STOCKS
Nov. 20
Nov. 19
12% Sep
16% Sep
23%
Transp
Inc
PRICES
1414 Feb
32% Feb
34% Feb
Apr
30
preferred
Metropolitan
4334
14%
Co
cum
2
111% July
111%
Jun
8% Oct
17
15% Nov
1063/4 Oct
620
Jun
12% Jan
455
Jan
May
1
Mesta Machine Co
43 Va
142
Min
&
$3.50
420
43 Va
8%
&
Merck
1
763A
65
37% Nov
7
preferred
700
44
14 3 4
12%
800
18% Aug
Jun
160
Oct
16
Stores
42%
43%
143
1st
conv
7
Mar 28
1514 Feb
1
21% Mar 6
42% May
Sep
Deo
38%
Feb
common
103%
43
8%
5%
Mercantile
41% Jan
111
32
140
Jan
45% Oct
(The)
Merch
48 Va
93%
43 Va
4%
14
44
48%
*91
43
121
37
*43%
49%
93%
43 %
X98
*110%
2,900
43
64 %
24
80
16
40 %
98
"15%
63
16
■
40 Va
64%
*105
*61%
16 Va
Co
4014 Nov 21
30%
32
Corp
103%
16 3/4
97
*19 Va
Mengel
43
"14%
9
*21%
6,000
Sep
14
July
1073/4 Feb
preferred
Shoe
*42%
share
64 %
*26%
20
2nd
42%
per
98
*10%
19%
4%
14
26% Oct
108
Mar 14
Co
103%
1634
*97
%
Melville
Deo
May 17
common
42%
16 %
57
4
4,200
97
101% Aug 22
35
preferred
24 Va
39 %
143
4%%
47
24
900
Stores
Corp
Feb
72 %
433% May
24
No par
103%
share
57
50%
SALE
$
80
McLellan
Jan
Oct
50
Jum
Aug
32%
24'/4 Sep
6
42
Jan
197
1
Mc-Quay Norris Mfg
Mead
5
6
Dec
Nov
10014 Aug 25
97% Mar 11'
Nov.
Nov
714 May 19
Jun
313/4
Nov
166
45%
106
90
X20
20%
6
86
Apr
May
35
No par
Robbins
49%
per
57
12 3/a
HIGH
49%
93%
100
9014 Nov
41
94
17% Oct
Co
preferred
47
44 Va
*43
*91
300
1
com
Porcupine Mines
&
1414 May 19
3914 May 17
25% Nov
Jan
.64
Co.
Pu'o
103%
16%
57
121
49i/Q
*103
Nov. IS
t
57
64 %
93%
16 Va
*93
Va
42%
14%
*8%
per
*16%
141%
"14%
$
49%
91
'•>%
Tuesday
Nov. 17
share
49%
s
104
AND
44
*43
49
*91
16'
15%
44%
49
95
LOW
1
153i
49
95
63
*61 Va
63
15%
*43
*92
49%
*92
16%
44l/a
McKesson
*23%
23 7
*15:14
Mclntyre
20 %
4b34
4
2,000
22
Corp
Electric
3,500
$4
Nopar
•
preferred
conv
52
24
Va
314%
McGraw
33%
400
Nopar
pfd
McGraw-Hill
2134
463
%
800
5
3914 May 19
Nopar
Stores
Nov
May 17
17514 Nov 20
Corp
McCrory
1,300
*23%
*93 Va
23
10
-
27
McCall
2214 May 19
5
Nopar
cum
May 19
1814 July 23
preferred
1st
9
24% May 27
pfd
$6
,
*41 %
4
1
common
$3
9% May 19
2414 Sep
Nopar
100
pfd 1947 series—No par
Co
11% May 19
16% Apr 14
11% Nov 20
Aug
Jan
45%
7
21
17
Jan
120
Dec
18% Dec
14
21
Nov
Feb
43%
Feb
Oct
109
Apr
6~6~
29% Oct
53
Apr
14
—No par
29% Jan 31
60
common
Dept Stores
$3.75 preferred
2114 Jan
3
172
Jan 29
152
com'
preferred
May
5
24
20
100
Electric Co
3,300
90
12%
*43 Va
112 V2
60
90%
90
90
12 3
91
Oct
314 Jan 14
Nopar
24%
34%
*175%
91%
Mar 12
19% May 28
6% May 20
No par
35%
7%
31
79% Feb
2814 Oct
41% May 19
30% May 19
1
Corp
Corp
175 V2
43 Va
43
Jan
13% May 17
Nopar
100
Co
35 Va
43 Va
91
12%
L)
175%
42%
91%
*88
X24 %
97
May 17
100
preferred
(Glenn
35
92%
91
263/8
414%
182
34%
*177
42
*91%
12Va
25 Va
34%
182
41%
91 Va
*88
*177
101
100
25%
341/4
42
*91 Va
102
7
May 14
1714 May 19
Jun. 17
—5
Martin-Parry
*101
2.314 Nov
40
Jan
May
653/4
Oct
13
..1
Corp
6% prior pfd
37% Dec
Feb
.6.25
Corp
37%
14
27
6
5
12% Oct
99
455
Nopar
210% Mar
4
1
Shirt
Deo
20
12
—50
Bros
183
Feb
34
100
102
20
135
Nopar
com
19%
101
Sep
10914 Feb
Nov
10% May 17
19
Aug
8
58% May 19
10
No par
83
191% July 25
X48 * Aug 29
.
2
23% Nov
x84
Apr
28
9
100
com
preferred
12%
*99 Va
—100
Trucks Inc
12
8%
27
A
10
12
*12
500
27
22%
58%
19%
12 Va
*11 Va
12
27 %
23%
99
v,
15%
28% OCt
40% Oct
3014 Jan
15614 Nov 14
& Sons Inc com__l
Oct
19VaMayl7
10
101
19 %
8%
*98
(M)
44% May
74% Jan
Nov
10
24% Aug 25
.
^.100
Louisville Gas & Electric A__No par
& Nashville
50
43
3
43
Apr 14
;
*99
12
12%
99
233/a
39
136
34%
101
1134
8Va
38%
35
*98
23 Va
*130
58
*19
12%
500
39 Va
34%
*99
99
23
136
57%
■
*93
223/8
39 Va
*130
34%
100
99
22 %
6
213/4 Nov
10
<
6014 July 14
33% Nov ;10
47
common
Co
Louisville
25%
10% Oct
Apr
Highest
t per share
96% Jan
.
May 19
Nov 13
1214 May 19
17% Apr 16
preferred
40 Va
No par
No par
11
I per share
Feb " 8
59% Feb
33Vi May 27
No par
Liquid Carbonic Corp com—No par
25
291/4 Mar 15
...Nopar
Lowest
$ per share
17
May 17
46% May 21
8
May 16
170
Year 1946
Highest
:$ per share
78
No par
Lima-Hamilton Corp
Belt Co.l
Link
68 3/4
68 Va
20 Va
Lily Tulip Cup Corp
9,800
223/8
,
,.100
....
13%
22%
20 Va
Preferred
89
68%
-.
Libbey Owens Ford Glass
No par
Libby McNeill & Libby..,
*
7
Life Savers Corp.—„
__5
Liggett & Myers Tobacco com..—25
13
300
Per
No par
89
20
.13%
*
Lemer Stores Corp
13%
68 3/4
19%
x
*
88
22 Va
12%
Range Since January 1
Lowest
13%
12 3/a
12 Va
Range for Previous
STOCK
EXCHANGE
88
12%
19%
12Va
NEW YORK
Shares
33 Va
*84 %
RECORD
the Week
t per share
37
90%
172
44 Va
*43
Friday
Nov. 21
Nov. 20
per
9%
*
Thursday
Nov. 19
$
STOCK
STOCKS
Wednesday
t per share
YORK
PRICES
SALE
(2115)
50% Jun
56
29
50
70
Jun
4%%
preferred*.
(F E)
& Bros
No par
10
40% Feb
112
Jan
Dec
114%
22
May
Jan
Jan
N
17
17%
17
17%
17%
17%
17%
18
17%
17%
22%
22 %
21%
22
22
23
22%
22%
22
22
*253/4
26%
253/4
25%
26%
26%
26 Va
26%
26%
263/4
*10%
17%
18%
24,200
Nash-Kelvinator
21%
22 Va
270
Nashville Chatt
*26%
263/4
700
National Acme
St
11
10%
10 Va
10%
103/4
10'/a
103/4
10%
10%
10%
10%
2,700
National Airlines.....
11%
11%
11
ll3/8
11 Va
113/a
11%
113/a
11%
11%
11
11%
3,300
National
Automotive
12%
12 Va
12%
13
13
13
13 Va
13%
13%
13%
13%
1,300
National
Aviation
*31%
32
31%
*31 Va
31%
31 Va
31%
31%
32
31%
32
32
32 Va
323/4
32%
32%
32%
32%
*166%
173
*31
313/4
*166%
32
31%
173
*166%
.31 %
32%
172
•
171
171
*169
174
*171
173
700
5,000
100
7%
Fibres
Corp
National Battery Co
National Biscuit Co
26%
25 34
25%
25%
25%
*25 Va
93/8
93/8
9%
9%
9%
93/4
9%
10%
10
10%
10
10%
5,400
National
41 Va
41%
413/4
41%
41%
41%
2,400
93/a
14 3/4
9%
9%
4,800
14 3/a
14%
13,000
*253/8
41%
41
41%
9Va
9%
9
9Va
9Va
9%
9Va
93/8
9%
14%
14%
143/8
14%
14%
14%
14%
14%
14%
41
42
26%
*25%
26%
200
Nat
Bond
J4 /-•'/■
•
-
■
.,
Share
Can
Corp
National
■V'.F'-
Container
13
Oct
25%
Jen
13
23
Oct
52 Va
Jen
May 19
30
6
27
Sep
413/4 May
34% Jan
,
Jan
1
10% Nov 21
6
143/4 Nov
Inc—1
9% May 19
Feb
7
10% MayT9
163/4 Feb
21
10
Sep
13% Dec
20% May
1—5
283%
Jan
24
33
Oct
20
203/4
34%
Apr
Jan
13
16% Jan
14
34% Feb
15
Jun
27
26% Feb
13
25%
Oct
Oct
373/8 May
205% Apr
10
27
Jan
170
Nov
7
21% Jun
10
8% May 19
33
MayT9
8% Jun 16
133/4 Feb
7
213/4
Feb
42% Nov
8
31
Nov
45%
Jan
14% Jan
7
13
Oct
243/a Aug
15% Oct
15
No par
—10
Corp
Register
Nat City Lines Inc
For footnotes see page 28.
te...
&
7
293/4 Feb
100
common
National Cash
*41
26%
19% Feb
May 24
i—4
preferred
*25%
May 19
19
21
5
Louis
12%
14
100
—1
Corp
&
Co
Co
No par
;—1
1
13% Aug
13
4
187
180
Nov
22% Oct
9% Nov
323/4
Apr
23
24
(2116)
THE
LOW
Saturday
Monday
Nov. 15
Nov. 17
.j.
1 per share
14%
per
Nov
share
14%
14%
29%
t
HIGH
AND
Tuesday
14%
1 per share
14%
14%
Sales for
the Week
t per share
t per share
$ per
share
14%
14%
14%
14%
14 Va
14%
29%
2874
29%
28 Va
28%
30
X29
17%
*17%
17%
17%
17%
17%
1774
17%
17%
17%
18
20%
20%
20%
20%
21
20%
21
20%
21%
20%
21%
42%
42%
42%
42%
42
42%
42%
42%
42
42
29%
29%
19%
19%
19%
19%
1974
20%
20%
21%
*100%
101%
101%
101%
101%
101%
101%
101%
33%
34%
3474
34
34
171
171
*140%
33%
172
*7%
18%
1
18%
1%
*90%
173
142
141
1
91
90%
*7%
•
8
17%
8
18%
18
1
9074
92%
90%
Par
7,200
National
1,500
National
Dairy Products
Dept Stores
16,700
3,500
20%
21 Va
20%
21%
101%
*101%
102%
35 %
35 Va
9,000
*172%
National Distillers
Nat
142
8
7%
18%
176
35
*173
176
143
143
142 %
7%
93%
lVa
Lead
1%
480
preferred
6%
230
preferred
National
Linen
Nat
&
5,400
Natl
94%
93%
Mai
National
26%
26%
26%
26%
26%
26%
25%
20%
20
20%
20%
21'/a
21'/a
21%
21 Va
22%
22
22%
*95
96
96
96
96
96
96
96
95%
95%
95%
95%
330
*24%
25
24%
24%
24%
24%
24%
24%'
24%
24%
24%
24%
900
13%
13%
13%
500
Natl
12
11%
11%
900
20
26%
14
11%
13%
13%
*13%
14
13%
14
13%
11%
*13%
12%
12%
*11%
12
11%
12
*11%
19%
*19%
20
19%
19%
19 Va
19%
*15%
16
*15%
16
*15%
16
15%
15%
*106 V4
107
*106%
107
*106%
107
106 %
106 %
*29%
30
29%
29%
29%
*99%
101
*99%
*98
101
99%
9974
41%
41%
25%
25%
*411/4
42%
2574
257/a
94%
94%
*93
24%
24%
25
40%
40%
*39
19%
29%
29%
101
29%
*99%
102
*99%
102
*99
102
42
42
41
25%
96
15%
*106
*29 Va
102
*99%
19
25%
25%
25%
39
39%
102
*15%
*106
*29%
*99%
*100
1,100
700
107
10
30
400
101 %
102
10
Nehi
26
26 Va
2,700
95%
*93
Newport Industries
4%%
preferred
95%
25
25%
24%
24%
10,000
40
*39%
50
39%
40
40
40'/a
900
*93
1
1
Mining Corp
10
1
common
100
Newport News Ship & Dry Dock
York
New
Air
Brake
New York Central
N
120%
*120
123
1,800
15%
15%
15%
16
16
*15%
15%
22%
*19
22'%
*21%
22
*19
22%
*19
22%
*20 %
22%
*50
55
*50
55
*50
55
*50
55
*50
55
*50
*230
245
*230
245
*230
245
6%
55
15%
15%
15%
15%
15%
*230
245
*230
245
230
230
1,000
N
16%
15%
16
15%
96%
95
95
13%
14 74
14%
16%
17
16%
16%
16%
*
16%
95 %
96'A
14
16%
14
Y
New
$5
10
N
N
15%
"95
Chic & St
Y
Y &
Dock
com
common
preferred
Harlem RR Co
Y New
Hav
Preferred
11,700
No par
Louis Co
non-cum
&
Hart RR
series
5%
*94 %
94%
*23
23%
*35%
94%
36
*23
35%
*94%
96
94%
94%
23%
96
96%
95 %
96
14%
14 %
14%
14
1474
14%
100
94%
94
94%
*93
23%
*
35%
23%
23%
23%
*23%
35 Va
36
35%
35%
35%
94%
*93
94%
120
N
Y
Power
2,500
N
Y
Shipbldg Corp partic stock
Y
170
24
23%
23%
1,000
35%
35 Va
35%
600
State
$3.75
*58
58%
26%
25
25
8%
58
3.90%
Gas
26%
26%
26%
26%
26%
*26%
24%
25
25 Va
25%
25%
25%
25%
257a
25%
25%
16,300
North
American
8%
8%
8%
8%
8 %
8%
8%
8%
7,500
North
American
8'/a
27
*26%
27
1,200
*87
89
*28'%
28%
28
2874
28%
28%
28%
28%
28%
28%
28
28%
4,900
19%
19 %
19%
19%
20
19%
20%
1974
20'%
19%
20'/a
12,200
*87
89
*87
89
*87
89
*il
*87
89
*87 %
90
Adjustment
preferred
Deo
22
Sep
106
10
109% Aug
43% May
Mar 11
103% NOV
110% May
106
102
26
32% Feb
104
Deo
113
Oct
50
Apr
7
27
Sep
45
Jun
95%
Feb
3
Oct
109%
Jun
Oct
20
18% Nov
34%
Apr
10
36%
Oct
69%
Jan
22% Feb
3
13%
Oct
35%
38% Nov
18
26
Sep
61% May
3
79
Sep
124
Sep
4
16% Deo
37%
1
S
21%
Oct
41% May
53%
Oct
76
May
275
Jun
325
Feb
102
Deo
113% Mar
Aug
Nov
21
15% Nov
15
95
17
107
10% May 21
16
290
Feb
20
25% Sep
Nov
Mar
1
Sep 25
11% Nov
34
100% Aug 19
new
25% Oct 20
41%
Sep
23%
Oct
9%
Deo
f
16%
Oct
102% Feb
17
96%
Deo
22% Apr
25% Oct
2
25
Nov
6
11
Aug 20
19 Va Aug 20
50
33
3,500
21%
21%
21%
22
22%
23
23
23%
23 Va
23%
3,600
37
37
37
37
37%
37 %
37%
38
260
Northwestern
Telegraph
7
&
Rubber
No par
No par
common__10
cumulative preferred
6%
*6%
300
Norwalk
Tire
13%
13%
13%
400
Norwich
Pharmacal
*32
33
*32
32%
33%
33%
*32%
33%
32%
32%
200
Ohio
104%
104%
Jan
22% Feb
37
6%
Nov
111
30% Nov
21%
*13%
28
1
17
37
pfd $3.60 series
Inc
6% May 16
87% Sep
8
13 Va May 10
100
13%
13%
Feb
72% May
39%
16%
117
Apr
Feb
May
8
Jan
36
(Minn)—
93%
13%
28%
—
11
13%
13%
Feb
17
115% Jan
50
20
*92%
*13%
Jan
Jun
26
17
13%
14
135
20% Feb
62% Jan
17
92%
*13 %
Oct
46% Feb
10% Feb
13%
Airlines
Deo
30%
7
43% Nov 21
30% Sep
33% Jan
92%
7
24 % May
25% Nov
Feb
10
13%
7
14% Nov
Jan
13
July 25
17
93%
7
42% May
Apr
25
16%
18% Feb
22% Oct
13
*6%
Oct
38
Feb
26 % Nov
l
92%
14
106% Mar
Jan
25
new
Co
Aviation
13
13 y4
Nov
5
21%
!
Nov
15
16
92%
4.6%
Dec
11%
32%
64% Nov
1274
74
25%
89
Oct
14
92%
Northwest
Feb
2% Sep
101% July
18%
9
230
Sep
17
10
19
1% Aug
75
24% Feb
173/3 Jun
May 19
11 % May 19
Apr
10% Aug
41%
Sep
57 V2 Nov
12%
37%
173
Oct
10%
53% Jan
92
*37'/a
Oct
6% Nov
20%
Jan
Apr
July
13
2
12%
6%
207
13% Jun
94V2 Nov
13
92
6%
4
Oct
12%
7%
Sep
108% Jan
23% Nov
12%
*6%
Dec
Jun
21%
6
30
Northern Pacific Ry
Cum
40%
29% Jan 24
17% Feb 10
98% Nov
93 % Oct
92
200
10
22% Oct 29
98
Nov 10
35 %i May 20
24 % May 21
100
common
Northern States Pwr Co
*91
1
4
Northern Central Ry Co
Northern Natural Gas Co
8
New
28% Jan
100
10
26%
4,500
2
25
59
59
33%
108%
Sep
Western Ry—
&
58%
58%
7
31
20
38
new__2.50
Noblitt-Sparks Industries
Nopco Chemical Co
58%
5874
pfd__100
preferred
58%
58%
Oct
Oct
27
Corp—
58%
8%
19 %
&
cumulative
Norfolk
*26'A
& Light
Elec
16%
102%
Co—
A
N
13 V2
2
15
Nov
107
May 23
26,100
24,900
Jan
1% Jan
95
6
Apr
13%
38
Jan
8% Apr
28
13
19
13%
37%
Feb
35% Nov 30
Feb
53
13%
38
25% Jan
107
28% Nov
No par
50
13%
37%
*20%
105
No par
1374
37%
123
18% May 19
13% May 29
No par
13%
37%
122%
20% May 20
13% May 19
11% Jan
3
York
13%
38%
122
Mar 18
City Omnibus Corp
13%
37%
123
1
No par
88
80
13%
37
122
6
100
13%
36
123
May 19
Nov
25% May 20
preferred series A
13%
35%
122 %
31% Nov
100
13%
121%
28
32% May 19
12
May 17
18% May 19
35%
120%
45 % Oct
21 Va May 17
12% May 19
4%% conv serial preferred
100
Newberry Co (J J) common__No par
3%% preferred
100
New Jersey Pr & Lt Co 4% pfd__100
2674
May 26
32% Aug
67% Jan
*149
No par
26%
19% Nov
28
common
27
Jun
3
No par
10
Corp.,
Newmont
Apr
34%
167
No par
3,000
45%
19
Fibre Co
43%
Sep
15% Nov
25
Co
42%
30
Nov
10
Neisner Bros Inc
3
8
23% Oct
141
100
43 Va
25%
25 Va
41
101%
15%
Jan
20% Jan
May 19
178
Co
Vulcanized
Aug,
38
May 19
15
Corp
42
96
*93
96
1574
30
19
Tea
23
May 19
6% Jan 16
16% May 20
1
Aug 19
743,4 May 26
preferred
National
Oct
190% Sep
No par
Sugar Ref Co
Supply (The) Pa com
4% %
15
31
1
Highest
$ per share
17% Feb 21
Oct
No par
National
Natl
99
May 16
t per share
170
Corp
Co
ex-dist
42%
26%
26
*93
*99%
*100
19
19
107
27
26
26%
13 V*
27 Va
14%
17%
30%
14%
Year 1946
$ per share
100
B
Lt
$ per share
Lowest
100
Cast
&
10
common
Service
Steel
Natomas
*26 %
No par
1
No par
A
Stl
Power
4,100
1,900
28,500
95
Co
500
1
No par
preferred
conv
3,200
1
92
$4.50
National
7%
18
1
1
18%
No par
5
Prod
&
Enam
18%
7%
18
7,900
1
Stamping
National Gypsum Co com
120
34%
*474
93
EXCHANGE
Cylinder Gas Co
101%
1
1
1%
43
*42
Range lor Previous
Range Since January 1
Lowest
Highest
STOCK
NEW YORK
National
2,600
35
141
18
Monday, November 24, 1947
Shares
175
174
142
141%
8
18%
173
172
141%
143
*7%
34
CHRONICLE
STOCKS
Friday
Nov. 21
17%
29
FINANCIAL
Nov. 20
Thursday
Wednesday
20%
29%
&
PRICES
SALE
Nov. 19
18
.
COMMERCIAL
Co
2.50
89
Jun
12
6% May 16
12'% Oct
2
18% NOV
104%
Nov
56%
Jan
6
45% Jan
S
13% Feb 11
44
Oct
9
Nov
19% May
18% Feb
16%
Deo
28
30% Sep
Jun
112
6
55% Jan
May
O
*32
33
*105
105 %
105%
104%
*104%
105 %
27
27%
26%
27%
27'/a
27%
27 Va
27%
*19 %
19%
*19%
19%
19%
19%
*19%
19%
23%
23%
23 %
23%
2374
24%
2474
25%
25
25%
101%
101 %
101%
102%
102%
102%
102%
103
10274
102 74
*101
102'A
470
10%
10 Va
10%
974
10
10 Va
10%
10%
2,500
100 %
100%
20
19%
201/4
30%
30%
31
*9%
*105
10
"100
102
*100
20
*19
10
102
*19
20
*30%
*148%
30%
152
*21%
22
*84%
30%
*148%
87%
*74
105
100 34
101
19%
30%
30%
152
19%
30%
151
151
21%
75%
21%
*20
20%
*84%
87%
*84%
87%
*74
75
74%
LOW
75%
AND
HIGH
25%
100 74
100%
*19
30%
151
151
20
20%
*84%
87%
74
74
SALE
27
*19%
25
*104
20
105
110
27 Va
27%
16,700
*19'A
19%
100
27%
10%
101
*19%
31
101
20%
31
15074
150%
150%
21%
21%
*20%
21
88
*84%
7,700
80
400
4,000
90
*85
73
73
74%
150%
73
210
700
Edison
4.40%
Ohio
Gas
Corp
4%%
Monday
Tuesday
Nov. 15
Wednesday
Nov. 17
Nov. 18
Nov. 19
t per share
6
19%
Feb
pfd—20
19
Nov
12
22
21
Sep
No par
common
Otis
Elevator
6%
common
__
Co
_
Owens-Illinois
Glass
Co,....,
12.50
17%
97
July 23
YORK
36
Jun
Xll9%
Jan
17%
Jan
99 Va
4
Feb
8
X113
Sep
30
28% Feb
18
25
Dec
May 19
33% Feb
18
26
Oct
158
Sep
May
149% Oct
7
7
26% Oct
107
118
Jan
29% July
Jun
22%
Oct
18% NOV
17
11
37% NOV
10% Nov
15
Feb
Jun
15% Sep
24
38
13% Feb
May 17
7% May
86
13
Feb
120
51% May
39% Feb
24
163% Jan
18
19% May 15
28 y* Feb
8
19%
Deo
180% May
35
Jun
84
Aug 28
93
Jan
4
86%
Oct
111% May
70 Va
July
80
July 25
69%
Nov
100
1
STOCKS
NEW
Apr
Range for Previous
Range Since January 1
STOCK
Year 1946
Lowest
EXCHANGE
15
*14%
15
*14%
15
*14%
15
*13%
*1474
15
*14%
15
Pacific Amer Fisheries Inc
14%
*13%
14%
*13%
14%
*13%
14%
*68%
*13%
70
*
14%
*13%
14%
Pacific Coast
70
70
70
69
69
*68%
70
67 VA
68'A
41%
40 %
40%
$ per share
10
No par
*14%
I per share
100
2.50
Mfg_.
t
share
6
100
&
_
$ per share
per
100
No par
preferred
Outboard Marine
the Week
t per share
108%
27% Nov
preferred
(The) common
8%
convertible preferred A
Oppenheim Collins
Sales for
Nov. 21
Elec 4%
&
...
Friday
Nov. 20
Thursday
18
14
Corp
PRICES
Saturday
9
111% Feb
Apr
convertible
Omnibus
Outlet
1,(00
Jan
3
21
Co
Oklohoma
31 Ve Apr
103% Oct
No par
...
preferred
Oil
Oliver
8
100
Co common
Shares
Par
Highest
t per
$ per share
share
Lowest
t per share
Highest
t per share
P
68 %
*40
41%
41%
37
4174
37%
37
37'A
36%
37%
55%
55%
55%
55 Va
55%
55%
36
36
36%
36 %
367/a
37%
95%
95%
95%
95%
95%
*147V8
149
41
!
.49
4%
4
56%
55%
147 Va
4%
4%
56%
*95
*147%
74
149
4'A
4%
56%
40
41
36%
36%
36
36%
6,000
Pacific Gas & Electric
55%
55%
55
55
1,000
Pacific
38%
39%
38%
39
*38 Va
38%
2,300
Pacific
94%
95
94%
94%
*
300
Pacific
146
4%
147'/a
146
145%
145%
190
*4%
4%
1,600
57%
52%
54%
57
55%
4%
5
4%
5
4%
5
9%
9%
9%
9%
9%
x9%
16%
*15%
16 74
*15%
16%
*15%
16%
*16 Va
53%
103
*71%
105
53%
102
6%
73
105
22%
54 %
53%
102
101%
6%
7
7
*71%
73
73
5103
105%
*103
54
4%
55
21,700
Pacific
4%
5
36,200
Packard
9%
9%
18,200
Pan
*16'/a
16%
53%
533/4
53%
533A
1013/4
1013/4
101 %
101 %
7'/a
7%
105%
74
*103
74
105%
76%
54
54%
3,800
102
300
7Va
7
7
6,900
76%
77
77
800
*103
105%
23
233/a
*101%
1053/a
105%
50
*2%
22 3/4
23'A
37,700
4%
Paraffine
22%
22%
22%
23%
42
42%
42 %
43'A
43%
*42%
433A
2%
23/a
*2%
23/8
2%
2%
23/a
23/8
2,100
Park
34%
35%
35
35
35%
35 Va
35%
4,500
Parke
*29%
30
30
303/a
30%
30
29 %
29%
500
30 >/2
*7%
2%
34%
35
30 Va
30 Va
7%
7%
8
7%
73/4
73/8
73/4
35
*29%
7%
7%
*43
7%
44
300
Prod
No par
com__No par
100
Cos
common__No par
Inc
preferred
Pictures
Paramount
1
Refining
&
convertible
4%
42
2%
10
Corp
preferred
Panhandle
22%
2%
Oil
Car
Airways Corp
Panhandle East Pipe L
22 %
35
Motor
2%
Pan-American Petrol & Transp—5
42%
*41%
Western
American
223/8
*34%
No par
Telep & Teleg common__100
6% preferred
100
Pacific Tin Consolidated Corp
1
52 %
17
25
No par
Corp
Mills
9%
7Va
7
Lighting
5
1013/4
73
95
160
4%
9%
6%
94 %
39
4%
9%
53
146
39
4%
5
53%
No par
No par
37
9%
*102
5
10
preferred non-cum
2nd preferred non-cum
1st
55%
36%
*55
4%
*15%
100
Co common
100
1
Inc
Park & Tilford Inc
Utah
1
Consolidated
Davis
&
Mines
No par
Co
2.50
Proof Co
Parker Rust
1
*9%
9%
9%
7%
2,200
Parmelee
9%
9%
9%
*9%
10
*35%
9%
36%
9%
36%
36%
93A
1,400
Patino Mines & Enterprises
No par
5
*36'A
36%
36%
38
43%
37%
42%
38'/a
38 Va
No par
43 %
3,700
Penick
43%
38
43%
44
44
44
44
43
44
4,400
Penney
43%
9%
Transportation
& Ford
(J C) Co
6%
6 %
6%
6%
6%
7%
6%
13%
13%
13%
7Va
6%
6%
2,000
Penn-Central
13%
13%
14%
14%
14%
*18%
143/a
143A
18%
14%
18%
2,800
Penn
18%
15 Va
*18%
19
18 3/4
18%
18%
34%
34 y2
18%
35%
18%
1,100
Penn-Dixie
*33%
18%
*33%
35%
353/4
*333/4
35 3A
100
Penn
20
5%
*110
111%
19%
16%
19%
111%
110
19%
17
16%
45%
46%
114 y2
114%
19%
17
453/4
*45
114%
*110
19%
16%
*45 %
115
*115
110
19%
7
7
*33%
35
*33%
*108%
110
*108%
19 %
19%
193/a
17
163/4
17
46%
46%
47
*46
116%
116%
117
116
163/4
110
19%
*108%
19'A
110
Coal
Airlines
preferred
Power & Light Co
193/a
10,200
Penn
17
16%
16%
40,400
Pennsylvania RR
45%
46 %
1,100
116%
116%
700
Pepsi-Cola Co
Pet Milk Co
No par
54%
54%
54
54%
54 Va
54%
55
55
55%
86
86
55 %
86%
86%
1,100
*86%
88
86%
86%
10%
87'A
87'A
500
*9%
10%
10%
Peoples G L & Coke
10%
*93/4
11
*97/a
11%
10%
10%
200
Peoria
25%
2534
*32%
*105
32%
107
*10%
10%
*16
16%
*48
46%
*52%
*
101 %
For
25%
26 Va
25%
26%
26%
263A
25%
26%
253/4
26 Va
32%
32%
20,200
33
33
33%
33%
33'A
33%
32%
32%
700
*105
107
*105
10%
*16
107
10%
*10%
16%
16
*105
107
*105
107
10%
10%
10%
10%
10%
10%
16
15%
15%
15%
15%
*15 3/4
X49 %
48 y8
48%
48%
49
49%
49%
493/4
49%
49%
46%
v
45%
46%
46%
47
47
47%
47%
48
54
54
53%
102
53%
53%
53%
53%
53%
54
101%
101%
101%
101%
*101%
102
footnotes see
page 28.
105
*101%,-,101%
47%
105
10%
16
50
10
3,600
400
1.700
48%
21,300
53%
533/4
370
*101%
1013/4
50
No par
50
10
100
5
100
100
_33%c
87
~
100
Pennsylvania Salt Mfg Co com
3%s series A preferred
*53%
*54
7
Glass Sand Corp com__No par
46%
116
No par
—1
10
Co
Cement
*86
*9%
Corp
Coke Corp
&
Peoples Drug Stores Inc
4-%%
(Chic)
& Eastern Ry Co
common
2nd preferred
Petroleum Corp of
America
Pfeiffer Brewing
Co
Pfizer (Chas) & Co Inc
Phelps-Dodge Corp
Philadelphia Co 6% preferred
$6
preferred
100
5
No par
1
25
50
No par
10
Oct
19%
12%
Deo
25% July
17
49
NOV
86% Mar
3
80
Oct
467/a Oct
17
24
Deo
48
3
43% Jan
18
36%
May 28
9% May 19
50
24
Jan
Jan
16
34% Jun
54
25%
91
145%
Apr 10
May 19
Aug 25
Nov 21
3% May 16
21%
4%
9 Va
13
Jan 10
Sep
4
Nov
6
May 13
40%
101 %
5%
58%
13
20
Jan
Nov
Jan
Jun
105
Nov
20% Sep
37
Sep
2% May
34 Va M*y
28% May
7% Sen
87/a May
32% Sep
38% May
6% July
7
Apr
13% May
29
Sep
107%
18 %
16%
38
114%
47
8J %
May
May
Nov
May
Nov
May
Jun
6
May
24% Jan
23
13
10
5
9
8
17
19
62%
39%
129%
168
7
59%
7%
147/a
18
55
109
9%
79%
109
Sep 24
Feb
1
10%
47%
67%
Jun
48
Apr
Jan
2
Feb
8
Feb 13
122% Oct
160%
164
Deo
5
Oct
181% July
11% Feb
Oct
Feb
Feb
July
20
Oct
12%
Feb
Deo
27
Jan
18
13
Oct
20%
Apr
56%
Apr
37% Jan
100
Deo
4% Deo
56
105%
Sep
Oct
Apr
14%
90 Va
110
Jan
Apr
May
27%
Oct
39% July
4
62
Nov
82
Apr
6
3%
Sep
Jan
9
34% Feb 21
35 Va
Jan
48% May
26
Oct
Oct 20
19
24% Feb 27
25
36
17% Sep
28% Feb
20
17
13
13
13
19
117
Jun
9
May 14
Apr 14
Nov
3
May 28
111
2
27
1
15
May 13
Apr
5%
11%
14%
15%
38 Va
48%
15%
16%
5
19
16
34%
Jun
13
Nov 12
Mar 24
Feb
7
Feb 18
July 8
32% Jan
63% Jan
4% Jan
18% Nov
Jun
21
24
11
Mar
Oct
64% Sep
28% Oct
43
19
Jan
Jan 11
Feb 19
7
20
105
Feb
5
8% May 17
13%
37
36%
52
*98%
16
22
12
Oct
11%
Deo
24%
Jan
Feb 11
40%
Nov
67%
Jun
Jan
12%
Dec
45%
Jan1
6% Oct
16%
Feb
30%
Jan
Feb 11
Mar 31
Nov 20
Apr
4
16
Jan 29
Jan
6
Feb
8
34% July 25
34
Jan
4
108% Jun
2
11% July 25
18
62%
48%
59
109%
Jan
35% Aug
22% Jun
26% Feb 3
51% Jan 6
118% Sep
2
55 % Nov 21
101% Feb 13
22
7%
Oct 8
Jan
2
Nov 21
Mar 20
Aug 5
110
20%
Jan
37% Aug
115% July
Sep
27 Va
25
Sep
37% Nov
47%
Feb
61%
Deo
43
Jan
68
86% Nov
115
14
*
Oct
51%
21% Sep
28% Sep
40%
105%
Sep
8% Deo
13
Apr
Jan
May
Apr
Jan
Jan
43% Mar
109
14%
leya
Mar
Apr
Feb
35%
Jan
80
May
29%
Sep
x48
May
51% Deo
107
Deo
76%
Jan
117%
Jan
>
Volume 166
THE COMMERCIAL
Number 4649
LOW
HIGH
AND
Saturday
Monday
Tuesday
Nov. 15
Nov. 17
Nov. 18
f per share
23%
*27
27
27%
*114
114%
103
103
103
14%
14%
14'%
32%
32%
31%
32 %
90
89
89
27%
27%
28
14%
14%
31%
33
*89
90
27%
Sales for
Nov. 21
the Week
tper share
23%
114
*14%
27%
23%
27
114
103
103
*89
23%
27
27%
I per share
27%
23%
27%
*27
23%
Shares
4.4%
preferred
100
112
103 %
600
3.8%
preferred
100
,102
14%
14%
2,900
33%
34
35%
9,500
89%
90
90
103 %
*103
104
103
14%
14%
14%
14%
32%
33'/a
33%
90
89
27%
28
27
27%
96%
96%
92
92
*95
96%
*95
97
95%
*92
94%
*92
94%
*92
94%
30
*29%
30%
*29%
30%
*29%
31
*30
30%
*88%
90
*88%
90
*29%
*88%
31
90
90
*88%
90
*88%
59
58%
59
57%
55%
57
14
14
14%
14%
1%
*34%
35%
*34%
35%
*101%
102 %
102 %
102'/a
*90
15%
15%
15%
*92%
94
94
94 :
*29
29%
29%
29%
*20%
21
20%
168
*163%
165
163%
38
37 %
9%
*145
9%
*12%
9%
13
12
*130
21
90
80
*12%
♦140
31%
*12%
16
*92%
29%
21%
*15%
34%
94
30%
22%
16%
47
Dec
102
Sep
33%
Sep
71
Jan
104%
Dec
112
Jun
Dec
106% Aug
92%
92%
*92%
93%
31%
31%
31%
24%
23%
32
25
26
*145
168
*145
163
*145
165
*163'/a
165
*163%
165
38%
38%
93
.80
13%
38%
9%
9%
13%
38%
38%
26%
26%
4,700
38%
4,300
10
10%
10%
10'A
12,500
13%
13%
13%
13%
5,300
38%
38%
*125
90%
91%
*12%
80
13%
155
*140
34%
11
*126
—
*126
91%
93
92
93
78
78
78
73
*76%
78
80
13%
13%
*13'A
14
400
13%
13%
*140
155
33%
*140
34%
34%
11
*10%
24%
24%
24%
25
25 %
35
35
35
35
35
15%
15
15'A
15%
*10%
15 %
25%
*34%
15%
92%
92
155
*140
11
155
34
34%
34
2,550
*10%
__
10%
35%
35 V2
*68%
—
Jan
5
—
C & St Louis
12
100
Pitts Consolidation Coal Co
1
Pittsburgh Forgings Co
25%
25%
26%
2,600
34%
34%
700
15%
15%
15%
4,200
15'/a
300
14 »A
14%
300
11
11%
11%
10%
11 VA
10%
11 Va
6,600
__
—
10%
_
m.rnm
_
v
1
„
19
10
May 16
91
Sep 23
18% Jan
2
17% May 19
68
68
6814
68 Va
4,200
24'A
24%
24
24%
23%
24%
24 VA
24%
5,800
Publicker
100
May 19
8Va May 19
114
Apr 22
59% May 17
67
Jan 13
10% May 1P>
171
May 15
17% May 16
10
Sep 22
Apr 19
xl5
xl4% Nov 21
134
'112%
54%
Dec
31
Sep
17%
Oct
30%
Jun
Sep
Sep
115%
Jan
126
Jan
104 %
1,080
$5
103
Nov 21
110'A
109 %
110%
110%
112%
111%
111%
1,320
6%
preferred
100
109
Nov
118%
120%
119
120
119%
120
120
120
570
preferred
10o
117'
May 28
133%
134%
133 %
134'A
133'A
134
134
135
134
135
470
7%
8%
preferred
-100
127
Jan
113
113
113
314
114
24%
'106%
*28
25
25%
108
25
106%
107
25
*106%
28%
28
28'A
27%
23%
23%
23%
25'A
108
♦23%
24%
*106%
25%
24%
108
27%
26%
27%
24
24
*106%
24
24%
108
26%
24 Va
*107
26%
*23%
60
24%
-
107%
27
27
preferred
Nov 10
102% Feb
20
30% May 19
38% Jan
2
Corp of N J com__No par
preferred
No par
20% Nov 14
25% Feb
21
cum
Service
Co
of
No par
Colorado
Pub Serv Elec & Gas pfd $5__No par
Pullman Inc
No par
Pure Oil (The) common—
No par
5%
200
1,400
21
98%
109 '
4,900
12,800
Feb
13
121
56
Oct
27%
Feb
111'A
114
25
Oct
67
Pub Cerv
55 %
Sep
14%
22
Nov
120
55%
24%
20%
19 % Oct
32
109
55'A
35% Oct 27
preferred
100
Purity Bakeries Corp
No par
conv
Jun
2
110%
*112%
29% Aug
15% May 17
5
com
104
55%
Oct
Apr-
104
55 %
19
63%
103%
55 %
30
71%
104
54%
26% Oct
Nov
July
Oct
103 %
♦112%
22
200
Nov
104'/a
55 %
31%
Nov
Dec,
104
113
Oct
12%
11%
21 Va
55
Nov
13
53
33%
*112%
200
28
28
38
21%
54%
23
Oct
Jan
3
34%
113
Jan
Jun
Jan
17
21%
134%
34%
Oct
13
33%
103
12%
71% Nov
82% Jan
21%
119
7
May 20
34
110%
Feb
Feb
May
57
21'A
104 %
92
96%
No par
;
34
104%
68% Dec
141
Feb
21 lA
104%
18
Nov
Feb
33%
$4.75
Sep
Oct
16
92
Public
59
43"
21%
200
103
11
14% Nov
33%
6,900
1
Oct
May 19
91%
2,300
Feb
Oct
34
21%
21%
Jan
22%
Sep
50
33%
34
14
Oct
May 17
91%
93
Jan
Dec
9%
15% Nov 21
Nov 21
20%
*92
93%
84%
17%
200
38%
14%
48%
7 %
9
*33%
93
140
30
1
com
*91
*92
l>
10% Nov 21
14% Oct 15
.
20%
92 Va
Xl6%
2
42% Feb
7
33%
*91%
10
Feb
26% May
32% Apr 21
119
•
20%
26% Feb
Feb
106
Feb
91%
*33%
Nov
Mar
10
Inc
17%
May
preerred series A
Industries
Dec
21
30
100
com
Procter & Gamble—
24'A
89%
Nov
32
Feb
15%
210
10
68%
Sep
Dec
May
202
dist
68
7%
36
110
136
Dec
Way"
68%
16% Oct 23
102
Mar 29
Oct
Nov
11% May 17
68
123
July
No par
class B
69'A
Sep
Sep
102%
200
No par
4%%
29%
19
197
19% May 19
69
400
^ Feb
Jan
21
36
Jan
Aug 22
Aug
1
36
41
203
165
5
36%
Dec
'
1
—
Pond Creek Pocahontas
36%
Jan
16%
Feb
38% July 24
Plymouth Oil Co
36%
73%
108
1
36%
Feb
1A Nov 19
5
36%
Nov
49
169
No par
Pittsburgh Young & Ash pfd
(The)
when
Jan
J59
63% July 14
18
Pittston Co
"Regular
36
Dec
1
preferred class A
100
5%% 1st ser conv prior pfd—100
Pittsburgh & West Virginia
100
Common
Oct
84
163 % Nov 17
5%
Pressed Steel Car Co Inc
96%
20%
10
preferred
Pittsburgh Plate Glass Co
Pittsburgh Screw & Bolt
Pittsburgh Steel Co com
7% preferred class B
Co
B
100
7%
Poor &
Mar
July 25
Jun 10
—
Pitts Coke & Chem Co corn—No par
$5 convertible preferred—No par
25
93
30% Apr 28
101% Nov 21
25
par
RR
Feb
31% July 17
17
50% Mar 15
1 % Nov
Hosiery
*36
23%
Nov 21
Apr 29
81
Rights
36%
24
*91
10%
101
92
21
No par
*35
69
23%
10'A
109
Plough Inc
5,000
11
35
xl5
_
Nov 10
100
Phillips Petroleum
Potomac Elec Pwr Co
10%
96
100
*
*78
26% May 19
No par
com
preferred
Pitts Ft Wayne & Chic Ry com—100
~50
10
13%
31%
15
20
13,500
13%
9%
12%
9%
*10%
*34 %
2,300
168
*163%
38
.
cumulative
Pitts C
31%
30%
preferred
Phillips Jones Corp
Pillsbury Mills Inc common
'■
$4 preferred™—
—No
94
*92%
series
110
16%
Feb
Jan
Dec
89
100
16%
19%
20%
35%
16%
May
Oct
98% Mar IT
43% Jan 18
101%
16%
July
35% Nov 21
Phoenix
16%
34
122
16
5%
*95
30% May
Dec
Dec
.
May 23
3.60
100
•
11%
Sep
27%
116
Jan
101%
102%
*95
—
109% Aug 12
16% Oct 15
24%
.
21
*34%
34%
**101%
—
27% Jan
2
29% Jan 21
120% Aug 12
89
200
165-
11
16
35%
102 %
1
3
Nov 21
Highest
$ per share
3
ID
52,700
299,300
6
$ per share
Nov 5
10"% May 19
No par
15
168'
32
24%
35
*34%
*101%
16%
31%
24%
*34%
35%
*95
*10%
11
24%
102
1V4
1A
*13%
*145
155
*140
31%
*10%
1 %
15
102%
♦34%
♦125
*78%
13%
1%
*13%
*163%
13
90%
155
*
ltf
55%
55
163%
♦130
87%
*77%
15
55%
168
*145
38
15%
1
1
*13%
15
*95
*90
—
*13%
54%
23% Jun
26% Jan
Lowest
preferred series A
10o
Philip Morris & Co Ltd common™5
4% preferred
100
90
58
No par
common
3%%
300
„
96
*93
Co
Phila & Reading Coal & Iron
Philco Corp common
8,400
96
96
95%
Phila Electric
$1 preference common
240
96
96%
58%
I per share
40
*93
30
Highest
$ per share
Par
;
Year 1946
Lowest
1,000
103%
28
Range Since January I
7,100
112
25
Range for Previous
STOCK
EXCHANGE
27%
113
27%
NEW YORK
23%
27%
27%
*112
*89
(2117)
112%
23%
114
*95
*88%
CHRONICLE
STOCKS
Friday
Nov. 20
Thursday
I per share
114
114
103
23%
23%
23%
27 %
♦112
I per share
FINANCIAL
PRICES
Wednesday
Nov. 19
I per share
23%
BALE
&
91
17
2
110% Jun 24
51% May 19
21% May 19
106% Oct
25
6
May 19
111
30
Feb
May
105% May
41
July
Aug
5
120% July 17
103
130
Aug 18
146% July 9
114% Feb
8
114% Aug
119% Jun
139% May
150
Jan
112
117%
69%
Jan
61% Feb
3
28% July 25
109% Jan 17
36% Feb
4
108
47%
Nov
Sep
19% Feb
Feb
28% May
115% Jun
107
Oct
30
Sep
38%
19%
Feb
25% Aug
Feb
Q
*23'A
*24
24'A
200
10%
97,500
Quaker State Oil Refining Corp
10
20
Mar 14
24
Oct
29
R
9 "a
*69%
10%
9 Va
9%
71
*70
10%
10%
9
9'A
9%
9%
9%
9%
70
70
70
71%
71
10%
10%
11
10%
11%
11 Va
11'A
*96 Va
*97
99
99
*97
98%
35%
34%
34%
*34%
30%
29%
30
*97
9%
71
*34
29%
9%
71
71
*70%
11
11%
800
26,600
*96 V2
98 Va
35%
35%
35 Va
35 %
35'A
35
35 Va
500
30
31 Va
31 Va
31%
30'A
31%
31
31%
14,000
36'A
36%
36%
98 %
*96%
98'/a
Radio Corp of America com—No par
$3.50 conv 1st preferred
No par
69 % Oct
22
80% Feb
4
76%
Dec
Radio-Keith-Orpheum
10% May 21
15% Jan
2
15%
Oct
28 %
Dec
1
Ralston Purina Co 3%%
Raybestos Manhattan
36 Va
1,200
*17 Va
17%
17%
17 Va
18
17%
18
17'/a
17%
1,500
Reading Co
*40
43
*40
43 Va
*40
43%
43
44
*43%
45 Va
44
44
*33
35
*33
35
*33
35
*33
35
*33
35
100
pfd
No par
Rayonier Inc common
$2 preferred
*36%
*14
36%
*36%
17'A
13%
14
14
105
*100
13%
13%
124
125
*24%
*11%
12%
*11%
*67
69
14
97
31%
14%
*95
13%
124
13%
126
*24%
25%
31%
14%
97
31 Va
32
AND
HIGH
t per share
1 per share
7%
*10%
27
27
26%
20'A
6%
24
110
20 Va
101 Va
20 Va
100%
*10 V8
40
103
10%
8%
6%
4
7%
4
110
111%
7
6%
7
*100%
103 Va
*100%
104
10%
10%
11
40
39'A
39%
*10%
39'A
24%
25%
100
32%
1,700
*109
Friday
I per share
*11
7%
7%
4%
4'A
11
27%
28%
21 Va
28 Va
*109%
110%
21%
20%
101%
7
6%
103
25
101
11'A
11'A
*10%
39%
39%
50
*49%
50
50
50
*49 Va
96
96
95%
95%
95
95
20%
*100
7
24%
25'A
110
110
20%
101'A
*49
4%
11
101 v4
r-i O O
8
11%
20%
6%
6,600
14,200
1,700
20,600
6%
800
5,000
7
22,800
104
3,600
70
11
10%
10%
600
39 VA
39%
39%
39%
5,700
49%
50
49%
*49%
50
6%
Feb
49%
Feb
Sep
33
May
38% Feb
14
Apr
32 %
Nov
39
22% July 25
16%
48% July 25
40
Sep
Sep
33% Feb
53% Jun
39
July 14
15
Nov
99
Sep
11
12%
Dec
16
76%
Sep
125%
29 % Feb
13
26%
Dec
45'A
17% Feb
8
14%
Nov
84% Feb
18
16% Feb
74
Dec
101
2
100
Oct
105%
33% Oct
15
20
Oct
1
50c
preferred
10
100
100
4% May 19
4
S per share
9% Jan
7
7%
Nov
8% Feb
3
Dec
17 %
Feb
15% Feb
4
13%
Oct
21%
Feb
22 % May 19
109% Nov 15
30% Feb
21
24%
Oct
40%
Feb
113% May 28
107%
14
May 19
99% Nov 13
24% Feb
110
7
16
18
Apr
7
97
90
May 27
124
Jan
28
9
May 19
16% Feb
7
10
36% May 20
lo
45
series
100
95
Nov
Manufacturing Co
1
19
96
*93%
96
22%
x22%
22%
1,800
Rheem
16%
16 Va
2,300
Richfield
26 Va
26
26 Va
*26%
27 VA
*27 VA
27%
"21VA
27%
*27'A
27%
200
6%
6
6'A
6 Va
6%
6V4
6%
6Va
6%
*6%
6%
Preferred
3.60%
Oct
118
Sep
Sep
110%
136
Jan
Jan
12%
Nov
28%
Feb
44% Feb
36%
Sep
46%
Jun
50
Feb
43
Feb
104
Nov
50% July
108% Feb
Feb
100
25% Feb
19
Dec
38
17 Ve Aug
31
Feb
12%
Oct
20% May
25
Oct
44
5% Sep
9
10% Mar 31
Oct
13%
2
18% Nov
7
20
1
19% Sep
4
42% May 19
1,300
19%
19%
19'A
19%
*19%
19%
19%
19%
19%
20'A
2,200
Ronson
*23%
23%
23%
23%
*23 Va
23%
23%
23%
23%
23%
1,900
*
Royal Typewriter
64 %
66
66
66%
66 Va
67 V4
66%
66%
65%
67
1,500
*18%
19
18%
18%
19
19
18%
18%
19 Va
19 %
Ruberoid
Jan
18% May
45%
Apr 14
Corp
No par
Ritter Company
No par
Roan Antelope Copper Mines
Ruppert
May 29
Oct
Sep
105 % Sep
Apr
31% May
13% Jan 16
23% May 16
Oil
Art
Apr
17
18
9%
B
24%
Nov
24%
Tob class
Highest
t per share
10% Nov
2
15%
700
$ per share
8
22%
400
Year 1946
$ per share
Lowest
Jan
16
Apr
34% July
Range for Previous
Highest
11% Feb
22%
May
Aug 11
39
95%
Jan
Apr
27% May
Jan
17
102
9
15%
Jan
135% Oct
15
22'A
46%
31
Apr
112% Feb
16% Oct
6% Sep
95%
16
Oct
1
4
Lowest
Common
210
36%
18% Feb
108'/a Mar
19% Jun
16
19'A
112%
Dec
17%
Nov 12
Rexall Drug Inc
2.50
Reynolds Metals Co com
No par
5%% convertible preferred—100
Reynolds Spring
1
(R J)
Apr
32
Range Since January 1
preferred
Reynolds
Jan
96% Mar
19
Sep 24
STOCK
prior pfd series A
conv
5% %
22%
*S5
YORK
19
10
14
24% Jan 13
100%
Nov
Feb
96
1
9
31% Nov
41
50c
Revere Copper & Brass com__No par
15%
64%
64% Nov 20
7
105% Mar 1
25
convertible
22'A
64'/a
May 16
May 17
100
Republic Steel Corp com—No par
140
25%
*102
$1
16'A
19%
6
14
No par
Republic Aviation Corp
Republic Pictures common
22 Va
Va
Oct
20% May 21
11% Sep
4
Par
16%
*18'A
85
EXCHANGE
*21%
24
11
100
Shares
102
25
102%
20%
NEW
15%
*19
Nov
9
3
9% May 17
96
50c
$4.50 preferred
Reo Motors Inc
22 VA
*23
33
No par
Conv pfd 3%#> series
Remington-Rand common
15%
*6 VA
Mar
5
Reis (Robt) & Co 1st pfd
Reliable Stores Corp
Reliance Mfg Co common
*21%
*26
41
50
common
Reeves Bros Inc
Sales for
101 VA
25
35% Jun
16% May 17
100
the Week
4%
28 VA
21
7,100
Nov. 21
7%
4%
27%
101%
80
14 Va
t per share
7%
21 Va
25
10% Feb
STOCKS
$ per share
27
20'A
65
300
Nov. 20
27
101
32%
Thursday
11 Va
20'A
1,100
97 Va
14'A
*95
Hosiery
PRICES
Wednesday
10%
110
12
*63%
32%
10%
24%
40 Va
32%
13 %
non-cum
Real Silk
Nov 12
50
1st preferred
2nd preferred
Preferred
25%
12
14%
32 Va
4%
800
non-cum
98
28% May 19
17% May 19
50
common
4%
_
360
96
10 Hi
24'A
24 VA
BALE
14%
96
10%
101%
100
7
4
32 Va
13%
*24%
65
14%
96 Va
Nov. 19
t per share
8
14%
*96
110
11
100
7%
4'/a
4
11
109%
12
64 Va
Nov. 18
109%
13%
13%
300
105
*100
25%
*11%
14%
*13%
35
123%
12
Tuesday
4 %
13%
65
*95
*33%
14'A
*24%
12
14'A
36%
105
122 Va
65
LOW
Va
13 Va
36%
25%
125
12
Nov. 17
4
13%
122'A
*24%
67%
Monday
'
14'/a
*100
12
Nov. 15
IVA
14 Va
105
66
Saturday
IVA
14 V*
*100
*36%
12
97
31'A
31%
25%
14'A
105
36%
69
09
14
*95
13 Va
124%
25%
*24%
17%
14
105
122
17'/a
*100
14 Va
*100
36%
1
7% May 19
Metal Wks Inc
Co
(The)
(Jacob)
No par
5
18
Oct
6%
Jun
Apr
Feb
7
24% Oct
21
17
Oct
30%
68'A Oct
20
40%
Sep
65
18% Nov
18
26 V* Feb
21
21%
Oct
34%
Jun
9
65% Jan
64
Jun
May
Jan
S
45
45
43
44'A
44%
44%
X44 %
44 Va
44%
44%
44%
44%
4,700
8 Vi
8%
8%
8%
8»A
8%
15,200
30%
7%
*30
30%
30%
30
31
30%
31'A
30%
31»A
30%
30%
7,800
10%
10 Va
10'A
10'A
10%
10%
10%
10%
10%
10%
10%
92
90%
91
91
91
90%
90%
260
21Va
21>A
5,500
8
8
8%
8%
8%
'
10 Va
*90%
92
*90%
21%
21%
21%
21%
112 Va
21%
*11.1
110%
11 lVt
110'A
9
9
9
34
34
33%
46
*44 Va
*44%
9
34%
46
21%
111
111%
510
9%
9'A
9 Va
9%
9%
2,100
34%
35'/a
34%
36
35%
35%
26,000
46
44%
45
44
44
96%
96%
96
96%
96%
*96
96%
*45
97'A
*96%
*96
96%
*96
14
14 V4
*92'A
*15
94
91
111 Va
9VA
14%
94
*93
21'A
111
34%
96%
97'A
90%
21%
111
9 Va
*96
97 Va
21%
110%
33%
*14 Va
*96%
21%
111
13,700
13%
*93
46
97 Va
96%
13%
94
*45
*96%
97 Va
*96
96%
13%
*93
*96
14
13%
94
*93
9Va
13%
13'A
94
*93
13%
500
50
15 VA
15%
15%
16
15'A
15 V4
14%
15
5,100
46%
46%
47
46%
46%
46
46
46 %
47%
1,300
*33%
33%
*33%
34
34'A
34 Va
34%
34%
34%
35
34%
34%
1,900
6
6
*5%
6%
200
37%
6%
38
37%
37%
37%
38 Va
37%
38 Va
37%
38%
37%
38%
16,000
12%
12 Va
11%
12 Va
12
12%
11%
12
11%
12
11%
11%
4,500
7%
7%
7%
7%
7%
7%
2,700
*7%
11%
*101%
28%
35%
8
11%
7%
ll'A
6
6V4
7%
7%
11%
11%
102 Va
102 »/a
28%
28%
28%
28%
29%
29 Va
29%
29'A
35%
35 Va
35 %
35 Va
36 Va
36
36%
36
11%
104
11'A
*102%
104
For footnotes see page 28.
*102%
11%
104
11%
.
101%
7%
12
...
12
12%
101%
29%
*101%
36%
35%
29
%
103
30 Va
37
$3.40
cum
8,500
40
15,400
4,300
Dec
9
12
Oct
22
22
Nov
34% May
Jun 30
—
98 Va July 24
26'A July 17
114% Mar 4
May
110% Nov
18
110%
9%
Sep
116
Mar
11% Feb
8
Nov
18
Jan
65% Jan
2
53
Nov
100
No par
41% Mar 14
49 Va Jan
7
42
Oct
61
Aug
July
No par
96
Nov 21
96% Jan 3
103% Sep
2
100
pfd—100
cum
(The)
com
v
5% preferred series A
Seaboard Oil Co of Del
Sears Roebuck & Co
Seeger Refrigerator Co
Seiberling Rubber Co
common
Dec
33
7'% May 19
23% May 17
5
13% Nov 21
18 Va Jan
preferred
preferred
12%
Dec
90% Oct 30
5
common
Seagrave Corp
$4.50
11%
30%
Dec
8
1.75
common
cumulative preferred
Servel Inc
Sep
2
Aug
20% May 19
100
Shamrock Oil & Gas
Sharon Steel Corp
45
12 Va Jan
33
5
preferred
Scott Paper Co
2
5% May 19
May 19
40
18
100
Savage Arms Corp
Schenley Distillers Corp
3.35%
16
46%
*6
5%
5
common
Seaboard Air Line
94
15%
6V4
Safeway Stores
Scranton Elec Co
46 Va
*6
St Regis Paper Co common
1st pfd 4.40% series A
Scovill Mfg Co 3.65%
15%
6
Joseph Lead
10
St L-San F Ry Co com v t c__No par
Preferred series A 5%
100
5,600
*45'A
*6
St
t
c
100
90
Jun 26
No par
11% May 19
100
39% May 17
No par
23
Mar
8
5
5% May 17
No par
30% May 19
5
1
11
Oct
10
7% Nov 21
1
10% May 19
No par
101% Nov 20
l
No par
20 % Apr
15
24% May 19
102% July
98% Mar
9
20
Dec
110%
Jun
Dec
102 %
Nov
„
13
Feb
13
35% Oct 23
37%
42
Sep
Sep
77%
Feb
23
Oct
39 '/a
Nov
17%
Apr
Feb
Nov
49%
17%
6
6%
40% July 14
16 Va Feb
8
35%
10%
Nov
16% Feb
13%
Nov
10% Feb
16% Feb
11
3
12%
105
Oct
Dec
Jan
7
30% Nov
21
17%
Oct
40% Oct
20
23%
Oct
110
-
3
24% Feb
55
95%
—
Jan
Apr
23% May
22% July
24%
Jan
113% May
32 Va Apr
40%
Feb
26
Nov. 15
Nov
S per share
237a
23 74
237a
1674
23%
23%
167a
14
16%
24%
20
25
24%
24%
78
78
78 7»
200
17%
17 74
17V4
3,000
12%
12%
*12%
30 7a
30 Va
*77
16%
13
30%
16%
13%
4
36%
307a
29%
30%
3074
7 7a
77a
77a
7%
77a
77a
7%
774
4
*7 7a
29%
7%
30
*12%
307*
*1272
4
4
4
4%
4Va
4.%
4
4 Va
37 7*
37%
37%
37%
15%
9572
*95
20 >/2
*55%
*9474
:
7 Va
7 74
2,300
Sheraton
4%
4 Va
5,300
Silver King
37%
37 %
1,900
Simmons
*42%
100
44
15%
15%
97 %
96%
93
207a
20 7*
20 %
*19%
20
20%
20 74
200
Sloss-Sheffield Steel & Iron
Smith
*19%
56
5572
55%
*55 7a
37%
37
37%
37%
16%
12,000
.
1,800
57
600
37%
377a
37%
*3774
37%
700
*9474
*257a
26%
16%
16%
*9474
.
94
94 74
27
25%
25%
16%
16%
95
*25%
95%
26%
17
16 %
17
:
4
4
3%
3%
2,000
678
67a
6%
674
6!
2,800
South Carolina E & G Co com__7.50
4
4
4
674
6%
67a
674
6
*44 7a
477*
*45
46
*4572
18%
18%
187a
18%
18%
18 Va
*18%
13%
42%
42%
42%
42%
42 3%
48
18%
42
42
*3%
46
*45%
427a
427a
42 Va
*4072
417a
*4072
41 Va
41
41
30
30
29%
29%
297a
2972
29 Va
29%
23%
23%
23%
23%
23%
23%
23%
23%
43%
43%
4374
43%
43%
45 %
45 Va
45%
41%
417a
34
34
*59 72
*70
73
*70
*1774
36
35 3 4
61
60
73
*70
73
*177*
17%
*70
17 3
17%
17%
*5%
572
57a
5%
97*
*8'/a
9 7*
5 7a
5 7*
*874
4
*874
Jun
65
Jun
Oct
90%
Jun
81
Aug 26
73
Oct
96
Feb
20%
7%
14%
93%
31%
24%
17%
90%
18%
Feb
Feb
Jan
16%
Nov
30%
Apr
5,500
58
59
*70
73
600
5%
Edison
Gas
Railway
No car
Mobile & Ohio stock
...
17 %
300
5%
4,300
Spalding
28
28
22 Va
22 72
5,100
Sperry
107a
10%
10%
11
10%
10%
10 %
10%
8,300
Spiegel
75%
75 %
75%
75%
75
75
410
Conv
800
Kellogg
Spencer
17% May 16
36% Jan
2
114% Feb
125
Feb
18
Sons
1
1
2
preferred
No par
1774
1774
17'/a
177a
17%
17%
18
18%
18
13 %
18
18 %
6,100
Square D Cc
5
*29 72
307*
29 %
30
29%
307*
30
30%
30
30%
30
30 3 4
5,300
Squibb (E R) & Sons common
$4 preferred
No
1
*
25 %
25
257*
25
25 '/a
25%
10072
95 7a
98
IIOV2
*10372
110
6072
6072
6074
60%
607*
40
40
39%
40 Va
39%
74%
27%
74%
27 3 4
102
747a
99
75%
28 74
27%
28
99
108 %
74%
75
27%
26%
26
25%
26
95
96%
40
39 %
39%
75%
*15%
14
13%
13%
2,500
*43%
44%
400
42
400
*94%
96 Va
*94%
967a
*94%
96%
31%
31
15
15
15%
15
15 %
19 Va
19
19 3
20
20%
Sterchi Bros Stores Inc
1
Sterling Drug Inc
5
15
'20%
*95
30%
15 %
15
21
21
*20 %
3%%
96 %
Stevens
*2074
20%
*20%
20%
20%
20%
14 Va
14%
14%
14%
14%
147a
14%
15
15 7a
8,400
20%
20%
20%
20%
20%
20%
17,200
11%
3,700
105 Va
130
*5672
*1217a
57
122%
19 3
*105
122
11%
106 %
56
55 %
122
55%
20%
4
11 74
11%
12l72
11%
55 %
56
121 %
11%
10612
*105
56
122%
*120%
*11%
*105
11%
106
%
11%
*105
55%
55%
x55 %
55 %
1,300
121%
121%
*120%
1217a
100
Webster
&
Stone
Studebaker
Sun
Chemical
Corp
Sun
Oil
Co
Class
A
Oil
Sunray
10V8
1074
10%
1074
10%
10%
10
107a
10
10 V8
37%
37%
37%
38%
38 7a
38 7a
38%
38
38 7a
377a
3712
1,400
Sunshine
Biscuits
9%
9 72
9%
97a
9%
x9%
9%
9%
9%
9 %
9 7a
5,700
Sunshine
217a
21%
21
21%
21%
21%
21%
22
126 Va
125
129%
129%
*128 74
130
*124
19
*18
*41
42
*19
20
■
125
17%
417a
21
21%
21
126
126%
128
21%
177a
4172
19
19%
18%
19%
42%
41%
41%
*41%
427a
19
19
33%
33%
*18%
*42
4
19%
*18%
197a
*18%
33 5a
33%
33%
33%
33%
*18 3
19%
*19
129
18%
18 74
*4174
10,400
700
19%
1,000
4212
200
100
19 %
Superior
3,000
Swift &
_
13
May 19
36
May 19
92 %
93 %
92 %
92 %
*92%
6 Va
6 7*
t per share
9 per share
*10 7a
10%
*10%
*472
4%
*4%
10%
4%
10%
10%
4%
4%
18
18
17%
17%
57%
57 74
57%
57 7
11
11
4%
4%
9 per share
11
4%
11
4%
Friday
a
NEW
Sales for
Nov. 21
the Week
par
par
Corp
1
11%
*4%
18%
187*
18%
18%
*18%
58%
58 7*
58%
58%
58%
53%
YORK
1,000
11%
700
5
1,100
19
58%
Talcott
Inc
Co
Texas
9
Corp
5
Corp
5
25
16
15%
15%
15%
16
16%
16 3a
16%
16%
16%
165a
3,300
Texas
Gulf
Producing
577a
57
57
57%
57%
5718
57%
57%
58
58%
58 7
3.200
Texas
Gulf
Sulphur
Pacific
a
1
No par
Coal &
OIL.
43 7a
44%
44 %
42%
43
42%
43 V2
41 %
41%
42
44%
8,200
Texas
28
28 V4
*28
28 72
28%
28%
28%
28%
x27%
28%
23%
28 %
10,100
Texas
46 3 4
*45 7*
47
47
47
47!
47! 2
*47
43%
47 %
47 72
700
Texas
&
10
1
Pacific Land Trust
*45
13 Va
13
*47
48
*147a
157a
13 Va
13
48
*47
*14 7a
15 'a
13%
*14 72
1074
1074
10 Va
10 7*
10 Va
*50 74
51%
507*
50 7*
*49 Va
*1074
10 %
9%
*22 Vz
22%
22%
*107a
10%
*107a
10
10!
a
22%
22%
10%
*10%
13%
13%
4e
13
*47
47 3
48
*
*14%
15
15
13%
*47%
*14%
14
13%
14%
9,700
48 %
48 %
4812
130
15
14%
14%
100
10 V '2
3,200
10%
10%
107a
10%
10%
10%
50
49%
49 V2
49%
49%
*49%
50
240
10%
10%
10%
10
10%
9%
10
2,000
23 Va
23 Va
23%
23%
23%
*10%
10%
10%
10%
10%
10 3
23
23
10%
1,500
*
400
2,600
*49
49 34
48V2
50
49 3
*
50 "a
50%
51V*
50%
507*
*96%
97%
*96%
97%
*96%
97%
96%
96 %
*96%
97%
*96%
97%
*4 7*
4 V'2
*47*
4%
474
4%
47*
41/2
4%
4%
4 V'2
49
49%
4
23
277a
26
26
26%
27
27
27 Va
28
28
287a
23 7a
23 Va
23%
23%
23%
23%
23%
237a
23 %
23%
99
99
98 V2
99
18
18
17%
18%
52
52
51%
51%
99
9974
99 V*
18%
18%
18%
X51
5172
13
13
12%
12%
12%
12%
15
157a
15
157a
15%
16 3
*17
1774
*17
17 74
17%
17 74
6%
6%
6%
6%
106%
*105
*29%
30
6%
106%
*105
*29 7a
25%
*35 72
36
*98
98%
30
106
30
25 7a
25%
4
7Va
106
30%
„
__
mm —
25 7a
900
29
23 V*
*26 74
110
1,200
%
25
*7 7a
35 %
*3572
36
*98
98%
7%
19 Va
51 Va
87*
Co
100
Thermoid
$272
Third
5
No par
The Fair I
No par
Co
1
common
diy conv preferred
50
Avenue Transit Corp._No par
Thomas Steel Co
(The)
Thompson (J R)
Thompson Products
4%
preferred
1
com
25
No par
100
Thompson-Starrett Co com__No par
$3.50 cum preferred
No par
Tide Water Associated Oil com
$3.75
99%
99 7a
840
19%
19
19 7a
5,700
Timken
Detroit
Timken
Roller
lo
52%
3,300
13
13 7a
4,600
tTransamerica
16%
16 72
3,300
Transcont'l & Western Air Inc
17%
17%
13'/a
18%
19%
1,500
Transue & Williams Steel
7
7%
6%
18%
7
106
107 %
*105 %
107%
107%
30%
30
25%
26
7
20,100
330
107%
1,400
30%
26 V2
S%
15
36
36
98%
23
132
24% Feb
47
Mar
7
5
21% Sep
2
20% May 19
91% Oct 23
5% May 19
27%
28%
104%
10%
Jan
Feb
Mar 11
Feb
7
36
*98
36
98%
ii
25%
25 Va
36
*95 72
300
700
36
98 5 a
8 7a
8 7a
7%
7%
7%
8
1,000
3474
33
33 Va
32
32
31%
31%
30
31
30%
31
800
*15 7a
15%
15
157a
157a
1574
1572
15%
15%
15%
15%
15%
1,100
"12V-4
13
12%
127a
121/a
*121/2
12%
12%
12%
*1274
12 72
300
55%
77a
7%
Corp
$ per share
$ per share
10
May 16
3% May 16
13 74 May 20
53% Sep
26
23
Jan
5574
Apr
Aug
Dec
7%
Nov
Nov
Feb
109% Aug
16%
Jan
107a Jan
13
11%
Jan
9
674
Dec
13
Jan
15
68% July 28
14%
Sep
25%
Jun
52
Feb
6874 Aug
207a Aug
17% July 28
July
467a
Sep
60%
44% Nov
15
21
Oct
32%
15% Jan
16
29 74 Nov
5
147a
Oct
26% May
Jan 13
58% Feb
18
35
Sep
65
41
Jun
Jun
May
Sep
8
217a Feb
18
1374
Sep
47% Nov
19
5972 Feb
13
47
Sep
18
Sep
61% July
May 19
17% Feb
13
15
Sep
3074 May
9% May 19
13
12
17%
Feb
13% Feb
13
10
Sep
26
607* Feb
15
48
Oct
70
Feb
6% Aug 21
14% Feb
5
Oct
20%
Jun
49 7a Sep
97a
16
Dec
1874 Nov
15
16% Feb
11
14%
Oct
May 19
59 7z Jan
30
3874
Oct
21% May
89% Jun
16% Jan
10
Sep
38
967a Oct
4
22
3% May 17
24% Oct
21
Mar 10
106
774 Feb
3
1
102
Oct
112%
Jun
Oct
13%
Jan
32
Oct
68
Jan
247a
Apr
57a
20
May 19
39 7a Feo
18
May 19
25% Oct
20
177a
Nov
24
997a
Nov
4
167a
Oct
267a
Jun
3874
Oct
667*
Jan
97% Nov
112
Feb
137a
Oct
21% May
6
18%
Dec
71
May 13
19% Feb
3
14
Dec
337a
5 74 May 19
7% Feb
7
Oct
12%
2
11272 Feb
20
105
Sep
1572 May 19
30% Oct
24
16
Sep
Nov
21
3
14
101
15
Jun
1
Nov
21
Sep
8
15
5%
Oct
114
Jan
Feb
Jan
Mar
22% May
48
Jan
6
377a
467a
Nov
30
104
Jun
27
1027a
Dec
77a May 13
16
Feb
11
11%
Oct
24
Apr
517a Feb 18
43%
Dec
71%
Apr
177* Oct
117a
Nov
26%
Jan
80% May
25
$1.50
preferred
No par
prior preferred
No par
Twin City Rap Transit com__No par
5% conv prior preferred
50
34% Aug 21
9572 Oct
1
18
21
13
20th Century Fox Film com_.No par
Co
97j Mar
58 V8 Nov
21% Jan
1572 Jan
_No par
New
1974 May
17
22% Jan
No par
share
Feb
1072 May 17
No par
Highest
I per
7% Jan
14
137a May 17
1
common
Truax-Traer Corp
Coach
101
I per share
2
No par
preferred
Twin
Nov
46% May 27
$4.50
18,300
Oct
197a
38
Lowest
Highest
5
Corp
Tri-Continental
$6
102
Year 1946
Ylin-hncf
No par
Bearing
52%
*98
Oct
24
Apr
35% May
160
May
20
12%
a
Oct
53% Oct
177*
25 3
567a Aug
Oct
407z May 13
12%
30%
Sep
17%
21% Feb
16%
52
Jun
May
10%
10872 Feb
1%
51
14
42 74
12
17%
12%
Oct
2
6
15% May 19
No par
Axle
17
5072
7%
May
7872
124% Aug
14
5
preferred
99%
18%
*3372
*772
Rv
preferred
conv
99
— —
25%
98%
357a
*98
100
15,700
Pacific
Thatcher Glass Mfg Co common
$2.40
Apr
24'A Oct
Inuncf
(The)
Tennessee
26,000
117
2474 May
110
45% Jan
13% Mar
Lowest
(James)
Telautograph
15%
2
24
21
18
Sep
Range Since January 1
Par
57%
43%
Sep
Range for Previous
STOCK
EXCHANGE
Shares
# per share
18
18
57%
9 per share
Nov
6172
STOCKS
Thursday
Nov. 20
Nov. 19
1 per share
Gould
PRICES
Wednesday
1274
103%
Apr
Feb
93%
SALE
3
17
Feb
23
Jan
*92 7a
HIGH
387a July
41
93%
AND
Oct
3674
Sylvania Elcc Prod Inc com__No
$4 preferred
__no
Nov. 18
187a
11
39% May
Nov
Swift International Ltd
6,400
Tuesday
23%
Nov
7,700
22%
LOW
Oct
1974
22%
21%
Nov. n
14%
25%
22%
2274
Monday
3
2
22%
22%
Nov. 15
Jan
13
22%
22%
Saturday
Oct
Dec
21
417a
23
Symington
137a
2074
3
Sep
22 3
30
7
8
Sep
21%
3,300
May
137a
21%
6 %
26% May
63
15
31
22 %
93
1097a Aug
31
21%
6 Va
Oct
28
22 Va
*927a
Oct
Jan
21% Oct
21%
6 !a
26% Aug
167a
4172
10274
2
37% Jan
22 74
93
Jan
9
33%
6
May 26
Jan
July
30
2
21%
6%
May 19
10 % May 19
105
July 28
78% May
1087a
30% Jun
*217a
6
Mar
Oct
Feb
Oct
Jan
Feb
Feb
Feb
Apr
Mar
Oct
Sep
30% Nov 21
14
Dec
14% Jan
34
*
2
5
Oct
20% Mar
.4.16%
22
6 74
Apr
25
(Thei
Co
22%
6
1497a
Dec
21
337a
67a
Jan
Jan
lo
22
6
Apr
Feb
18
8% May 19
22%
*92 Va
1357a
Jun
49
17% May 20
101% Jan 13
34
4
Oct
537a
May 20
5o
Sweets Co of America
34
70
Sep
1?
32"% May 27
25
60% May
37
x35% May 13
95% Nov 12
No par
California
9974
Oct
Jun
47
10
7% Jan 11
Paper Co
55
Dec
56
51
Corp
Steel
Sutherland
Nov
20%
Nov
37
10c
(The)
Superheater Co
Superior Oil of
May
34%
9874
3772
118
Inc
Mar
7
3
May 17
100
Mining Co
17,800
May
116
25
41% Jun
1
10 Va
9%
55
Oct
Oct
15%
109%
75%
125
12%
Corp
10
37%
Feb
11
25'/a
cumi
Apr
Sep
Nov
17% Feo
49
Feb
10% May 19
12.50
(4%7c
24%
157a
337a
10772
61%
Ji...
No par
common
pfd
Apr
10072
105
16
No par
Apr
29
11
80
3
17
common
$4.50 series A preferred
Jan
39%
10974
July 24
31% Aus? 19
Mar 17
Nov 20
10 % May 19
1
I
407a
Sep
49% May
20
(The)...,.
Corp
Dec
Nov
59% Aug
13% May 17
Stckley-Van Camp Inc common
57c prior preferred
18%
147a
8472
Feb
14% May 19
19'A Jun
3
Stewart-Warner Corp...
200
May
July
37
44'A July 21
5
1,600
4,200
104
Feb
July 24
.1
15%
Jan
27
Sep
Oct
37% May 19
63
Nov
78
63
98
Oct
1174
92
427a
19
50% Mar 11
23% Jan
Dec
13%
572
8
Jan
104%
36%
19%
24%
21%
100
15
Co Inc
4
7
13
July 14
Oct 15
7
Feb
4
Feb
5
Feb
2
45% Jan
11
112% Feb
6
37% Jan
102
Aug 14
No par
&
P)
21%
20%
20 7*
(J
20%
14
105
common..
preferred
1,800
31
20 V2
11%
No par
1,300
14 Va
19%
L S
2,500
31%
31%
105
(The)
Co
.50
15 %
96! a
1872
11%
Starrett
preferred.-
.1
37%
31
14%
20 VB
convertible
common..
15%
*95
19 v2
106 Va
Spring
.
3772
20%
11%
Steel
100
15%
13%
20 Va
preferred series A
Standard
4%
25
37%
*2072
*105
Indiana
37%
a
15
4
42
42
31%
96!
*94%
31V4
*3174.
42
44%
3%%
California ...No par
*1572
16
38%
37%
Oil of New Jersey .25
Oil of Ohio common.. 10
Standard
4372
16
Oil of
Standard
42 Va
38%
Standard
400
42%
15%
12,900
17,700
13%
387*
May 17
17,000
*43 74
15%
89
of
Oil
76 7a
13%
38%
No par
preferred
Standard
28%
44%
38 7a
$7 prior
8,900
98%
13%
*157a
May 17
23 %
*43 %
167a
81
98%
44 7*
38%
No par
28%
75%
par
No-par
com-.
$6 prior preferred
98
76 %
Inc
preferred
Standard G & E Co $4
28 %
75%
100
13%
38%
105 74
Brands
cum
98
76
28 %
28
447*
31%
2,200
39%
13%
1972
105 74
40 Va
1372
317a
700
61
4474
*14%
9772
60
13%
*42
8,000
61%
103
Standard
$3.50
25 72
61
44 74
*15 7a
16,600
8
105
137a
437a
*96
25 74
92 3
61%
45
*42
24%
860
100
108%
13 72
437a
25
108 %
.
45
*42
100
*91 %
100
*98
101
*97
92%
*91%
39%
40
*99
99%
25%
25
92%
60%
61
108 7a
99 %
25%
25
*917*
*97%
97
97
98
*109 72
100
100
25%
92 74
10
pref. -No par
1
No par
Corp (Tnei
Inc common
$4.50
Nov
No par
No par
&
56
15
May 17
4% May 19
6
May 19
75
Nov 10
23% Sep
8
16% May 19
8
May 19
71% May 20
13% May 19
27
Nov
8
99
Nov 10
25
Nov 19
93
Nov
6
1
Co common
preferred
$5.50
68
22% Jan
57% May 19
100
tr ctfs
Withington
Sparks
28
100
& Bros Inc.
(AG)
Spear &
9 74
75
7.50
Co
common__No par
preferred
non-cum
10%
100
NOV
64 74
36%
61 %
10 Va
25 7a
83
Feb
36%
10 Va
*917*
9
77
36
10! a
100
Nov
33% May
75
26
9
70
22 Va
92%
8% May
Dec
Sep
28%
100
Sep
7'/a
Jan
22%
257a
4%
9
Oct
*73 72
*9174
8
8% Jan
33
*28
100
J'un
5% Feb
2272
75
93
May
1874
3874
22%
25%
July
48
50% Jan
29
100
108
Oct
47% Feo
22%
25%
Dec
Sep
13'A
July 11
28% Feb
23%
*9174
99
29%
17
May 19
Natural
Pacific Co
*73 72
*99 V4
102% Jun 30
35% Jan
6
22
July 29
34% Apr 19
Southern
Southern
28 7*
74%
3574 May
Feb
22
757a
Nov
July
28%
*74 78
35%
39%
2172
75
39% Oct 28
Sep
28
75
Jan
30
Southern
*75
91
34% Jan
3,400
*73 Va
Oct
Nov 21
217a
75
Feb
42
29
28
*73 7a
277a
62% Oct 20
25
California
Southern
217a
74
Jun
Jan
Sep
Oct
7
2874
.
65 7a
54
14
23
41% Nov
21%
*7372
Oct
3
22
101 7a Nov
40% Nov 13
*28
76
15
167/a July 23
May
20% J!an
25
5
preferred (new)
3%
*21%
*7372
Jun
61
21
59 %
11,900
5%
56%
Jan
Feb
22%
45%
*8%
Nov
38%
Jan
51
Sep
23 %
5%
Feb
33
41
Dec
35 %
9%
14%
Dec
45
5%
17 74 July
Oct
8
7
4872
23%
*3 !'a
Dec
5%
17
20%
23%
5%
Jun
8
9% Feb
6% Feb
62%
45%
9%
5%
*8
9
43%
7
3,200
17%
Feb
July 17
18
29 74
17%
27%
34
Jan
50
:
Greyhound Lines
29
*1774
Apr
10
20
.
64% Apr
preferred
29%
73
26%
46% Oct 30
14% May 28
37% May 19
5%
200
70
39% May
91 Va May
Sep
Southeastern
23%
*
Jan
Jan
17%
South Porto Rico Sugar com_.No par
45%
60
23
77
1,100
:
40 72
29 7a
36%
60
73
177a
177a
34%
1
6
1,700
46
*59
34%
*59
2
*40
41
*40
60
34
62
15
4
4
6%
18%
Corp
O)
(A
Socony Vacuum Oil Co Inc.
South Amer Gold & Platinum
42,500
3%
*45
Smith & Corona Typewriter__No par
*56 %
9474
20
70
57
16%
15
Co
100
57
9474
•
Oil
Skelly
10
Smith (A) & Sons Carpet Co com__20
3%%
cumulative preferred___100
57
*25%
947*
28%
16
6%
*4072
No par
15%
96 %
3%
*4174
Sinclair Oil Corp
16
Jun
Highest
$ ver share
19
18
334-4 Jan
82 * Feb
May 19
May 19
Apr .14
May 19
39
Apr 22
14
May 19
65
Mar 15
15
May 20
38
May 20
29% May 19
94
Nov .21
24'A July 1
13% Mar 14
3% May 20
5% Oct
6
No par
No par
Co
977a
9474
19
Simonds Saw & Steel
15%
16%
48
Coalition Mines
96%
16%
*18%
Corp of America
15'Va
2072
12
9 per share
Feo
Jun
3
May 16
24%
6%
4
27%
Lowest
21 % Feb
May 19
75
18
££
15
1
5
Co
96 7*
16%
*45
Pen
A)
Oil
Union
15%
*25%
94%
27
44
Shell
96
*36
.3774
*25%
.
*55%
56 V2
3774
*42%
(W
Sheatfer
7,000
15%
*19 7a
*1972
*4272
37%
44
100
13
$ per share
18
Shafpe & Dohme common___No par
$3.50 conv pref series A__-No par
Shattuck
(Frank G)
No par
30%
Highest
$ per share
Par
^
96
15%
1572
95
44
*42%
43
x43
45
*44
36;%
36%
367a
36%
3,500
Year 1946
Lowest
EXCHANGE
Shares
$ per share
Range for Previous
Range Since January 1
STOCK
YORK
NEW
Sales for
the Week
30
79
*12%
14
*1272
24%
16 V4
.
$ per share
share
*76
79
16
9 per
Monday, November 24, 1947
STOCKS
Nov
Friday
Nov. 21
Thursday
24%
24
*76
16 74
CHRONICLE
FINANCIAL
&
PRICES
Nov. 19
18
$ per share
79
*75
79
167»
.
SALE
Wednesday
Tuesday
Nov. 17
t per share
HIGH
AND
LOW
Monday
Saturday
*75
COMMERCIAL
THE
(2118)
30
Nov
20
9% May 19
38% Jan
6
14
63% May
79
May
106% Jan
U
*12%
Udylite
Corp
(The)
56
56
56
55%
55%
55%
5672
54
53%
54
1.900
Underwood
*117*
11%
11%
11%
12
1274
12%
12%
12%
12%
12%
12%
3,700
32%
337*
32%
33
33
3372
33%
33%
33%
347a
34
34 Va
5,600
104%
104%
104%
Bag & Paper
Union Carbide & Carbon
112
1
Union Asbestos & Rubber Co
*104%
1047a
1117*
1117*
*9474
96%
*947*
9674
*9474
*91
112
*111
105
105
105%
112
111
111
96 74
*94%
X54
105
1057a
105%
105%
111
111
110%
111
9674
*94%
96%
*92
92%
92 %
921%
no
24
24%
24%
4,700
9172
91 Va
9172
91 »/2
92
92
247a
23%
247a
24
24 7a
24
247a
23%
1411/2
1417a
1411/2
145
1467a
145%
15574
9872
9872
9874
9874
98 %
98 !4
*98 3 a
100
991/4
9972
34
34
34
33%
34
35
35
*3272
For footnotes
see
page 28.
144
34
357.
157%
159
8,100
99%
100
1,100
.1) 35
35
Union
Un El Co of Mo
No par
5
No par
No par
pfd $4.50 ser_.No
par
12% July
2
4372 May 19
97b May 17
2572 May 19
8974 Jan 15
11072 Nov 21
1572 July 23
7
25
49
Sep
15% Jan
12
Nov
37% Oct
16
23
Jan
39
May
110% July 11
115
Mar 31
88
Sep
125
111
Jun
115%
Apr
Jan
106
Feb
111
96
Dec
1077a
20%
Nov
587a Feb
106% Sep 30
Preferred
*941/4
927a
142%
70
96%
24 7a
142
5,700
Corp.-,
;
3,000
$3.70
series.;
No par
Preferred
$3.50
series
No par
91
Nov
13
25
20
Apr
14
100
120
Apr
15
159
97% Nov 14
111
Union Oil of California
Union PaciUc RR Go common
4%
Union
non-cum
Tank
preferred...
Car..
.100
No par
99
30
Nov
1
May 21
104
Jun
6
2472 July 24
Nov
21
110
Feb
26
1027a
38% Feb
10
-
32
23%
29
Apr
Oct
Jun
May
Feb
Oct
168%
Oct
1207* Mar
Sep
42
Jan
Volupie 166
Number 4649
THE
COMMERCIAL
NEW
LOW
AND
Saturday
Monday
HIGH
Tuesday
Nov. 15
Nov. 17
SALE
Nov. 18
$ per share
21%
*105%
$ per
21%
1Q7%
18
21%
100
105%
105%
18%
23%
$ per share
23%
107
23
107
18%
19%
19
99
99%
22
22%
STOCK
22
19%
23
106
•
23%
*106%
107
300
19
19%
9,700
98 Va
98%
700
22%
21%
22
31%
31%
31%
3,700
32%
32%
33
30
31%
31%
31 %
31%
32%
31%
31%
31%
*31%
31%
31%
4%
31%
4%
*31%
4%
4%
4%
4%
4%
4%
4%
4%
4%
61%
61%
59%
59%
*57%
60%
40
2:%
2%
2%
2%
2%
2%
44%
44%
23,100
44%
62
*61
62
Va
2%
2%
*44%
45
7%
7
*85
86%
*85
17
44%
17
*61 Va
2%
44%
2%
44%
7
45
7
86%
17 Va
62
2%
7
*86.
17%:
7%
■
86%
7%
86
17%
17%
17%
'
44%
6%
86
77
44%
6%.
44%
United
2,500
_
a
6%
73
:$3
2,400
70
80
/
par
9,500
90
Corp
common—
preference^iA
United' Dyewood
Preferred :
38
17%
38
xl7%
38
38 Va
39
55%
39%
39%
55%
55%
*39%
40
55%
55%
39%
56%
40 Va
56%
56%
1,700
United
23%
23%
56%
56%
23%
23%
23%
55%
56%
9,600
16%
16%
16
22%
22%
16%
16%
22%
22%
16%
United Fruit Co——
United Gas Improvement
=■106%
107%
16%
16%
*106%
107%
17
17
20%
*97 Va
*106%
16%
20 %
100
*17%
18%
107%
17
20
20%
100
"97%
*18
18%
106
*105%
106
179%
*177
179%
16%
17
78
78
17
40
*7%
18%
18'%
104 %
16%
16%
106%.
106%
20
16'A
16%
1,800
21 %
*97
105%
181
*177%
16%
17
80
*77%
39%
39%
40%
7%
734
37%
*36%
18%
104 Va
177%
18%
182
21%
*97
7,000
22
10,300
100
*17%
105
*177%
200
183
18
17%
17%
3,500
77%
77%
70
41 Va
41%
41%
8%
2,600
8
7%
7%
1,500
U
37
*36%
37 Va
300
22%
22%
22%
22%
22%
6,200
22'A
21%
9%
9%
9%
*9%
9%
*3%
43%
9%
43%
44
44 %
*9 Va
9%
*44 %
44%
44%
44 3A
5.1%
*50
44%
51%
44%
30%
*50
30%
*97 %
99
45 %
130%
45%
73 7
71'/a
a
*141
18%
*50
*97%
99
*97%
45'/a
46 Va
x45%
45%
45'A
46
129%
44'A
129%
xl28%
128%
*126%
128
46'A
46%
46%
45%
*97 %
45%
130
130
45%
46
*70
74%
142 %
51%
31%
99
30%
99
45 3'a
31 %
46
71
73 %
*70
74%
14L
*50
*97'/a
31
45
22%
99
30%
*99 %
45%
130%
*70
9%
141 %
31'A
71 %
74%
70
76%
141
141
70
75%
*140 Va
18%
18%
18%
18'/a
41%
41%
42'A
42'A
*42%
10%
*100
10%
101%
6
*6%
6
10%
101%
6
42%
*39%
42%
*18
19 "2
*18
19 >/4
5'A
5 Va
*92
95
175
*165
*16%
16%
65 %
16
66
16
19'A
5'A
94
99'/a
173
16 Va
65'A
16
16
15%
15%
37'A
15
15
15
30 Vb
30
15%
15%
37'A
30
15
29%
5%
6V4
6'A
40
40
*18%
5%
19'A
5%
101
101
*160
1,000
102
173
910
16%
16%
17
67
16
16%
67
6,200
67'A
67
67.
620
16 Vb
16 Vs
15%
15%
1,000
16
Van
Norman Co
400
15
Van
15
15
Raalte Co
15
2,900
29 %
30
85'A
*82
29%
29%
30
30%
87
*84
87
*84
*85%
88
*85 Va
90
48'A
47 Va
47%
48
48
98 Va
48'/a
49
*97'A
*97%
98%
49%
497/a
50
98%
98 Va
98%
*98%
99%
98
98
95 Vb
96%
*95 Va
96%
*100
15
*115%
*120
*36%
33
*34'A
104
15
116 Va
123
37 Va
*102%
15
104
15%
115'A
115%
120
120
96'/a
10'A
110
15%
115%
*118
15%
120
120
120
123
123
*36%
37%
37'A
37%
37
*32
32
33
32%
LOW
AND
HIGH
Tuesday
Nov. 18
I per share
$ per share
*62
65
*62
*15
15%
*15
32%
103%
21
10 Vt
*11%
11%
*94
95
65
15'A
$ per share
*62
*15
33 »A
33
15'A
33'/8
103'/a
102
102'A
33'/a
*102
20'A
21
10%
10%
11
11'/a
*94
95
19%
47
117%
*19
25
32%
6'A
51%
47
22
52
22
*6
Nov. 20
$ per share
*62%
15 '/a
*32.%
120
*34'A
Va
800
Virginian Py Co
3,000
35
1.50C
33%
200
33
1%
cumulative
$ per share
Sales for
the Week
$ per share
NEW YORK
64
15'/a
64
15%
33
32%
15'A
32%
*62
64
500
103
*102
20%
103
15
15'A
32%
Wabash RR 4%%
Waldorf System
700
32%
1,100
20'A
36%
4
35'/a
20%
36 Vb
1C3
103
20%
70
20%
36
36%
48%
50 'A
49%
50'A
122
8,500
125'A
124'4
125'A
2,430
21%
21%
21%
1,000
19%
*19'A
5%%
Warner
5.600
49
121%
21 Va
21%
19%
19%
24
24%
23.%
23%
24
24
33 V'4
5
21
80
Jan
105
Apr
21
40
Dec
53
Jan
17
37
Sep
32% Nov
July
52
Aug 21
preferred
33%
33%
34
700
6
6
6
19%
6
600
6
1
1,300
52%
52 %
52
52%
Webster Tobacco
4,900
86
85%
85%
21
111%
27%
26%
27
Wesson Oil & Snowdr com—_No
par
$4 conv preferred
*110%
27'/a
410
115%
*110%
111
111
111
West
20
West
Inc_
5
No par
Indies Sugar Corp
1
Penn Electric class A__No
par
18
7% May 19
11
May 21
92
_5
5
Nov
x!7% May 14
1
Wayne Knitting MillsWayne Pump, Co__
5,000
102
100
Pictures
Apr 16
13% Apr 21
29% Apr 30
No par
No par
1—_!
86
110%
$ per share
57
1QO
preferred
Bros
100
86%
Nov
13% Sep
21
9
21
.
May 14
31
Jan
13
99
Sep
9
21% Nov
18
21% May 19
115
115%
115
115'A
108'A
200
108
103'A
*108
7%.
108'A
preferred
120
100
6 c/b
preferred
113% May 14
114'A
100
105
114
80
44%
*107%
108%
;.
7%
43%
43%
43%
6,%
6%
6'A
6 'A
21%
:
i
-1
V
7
43%
*26%
71,
21%
28'/a
71
*6%
43%
6 'A
21%
22
22
26%
26%'
27
*72
75
7%
44
*72
7
44
i
22 Va
7%
*21'A
22'A
22'/a
22'A
27 V4
3,600
27%
74
28
28 »A
72
72,
22'/a
28 'A
23%
22 Va
22'/a
35
34'A
35
34%
27%
27%
27%
28'A
98
28%
28%
96
96
■'7.1
35'A
27%
22%
*31
95'/a
95
99%
99
99'A
95%
99'A
99%
99%
31
30
99%
30%
31
31
31%
32%
32'A
88»A
*67
88 V4
73
*99%
48:
100%
87%,
88 'A
*67.
73
100
100
48
*96'A
32%
*31%
4.7Va
98
*96'4
47%
97
*27%
28%
*27%
28%
22%
23'A
22%
24%
"
12%
*31%
9%
12%
12
92%
*91
*91
32%
9%
Vav
31%.
12%.
92%
32'A
33'A
871/2
88%
*67
73
99%
99%
48%
48'A
*96%
28
29%
72
23 Va
35
35%
35V*
35%
28%
28%
94
95%
15,700
95
99%
*32
95%
99 Va
99%
32%
32%
32%
34%
35
35
35
35
35%
88%
87%
88%
2,300
88
88 Va
680
73
*68
73
:'100
101
*100
101
*63
101
97
97
97
28
97
97
28
28
9%
9%
10%
241/4
24%
*27%
24Va
28%
24%
27%.
24
-l
24%
13
13 Va
12,000
13
13 Va
92%
3,600
*91
*31%
92%
32%
*31%.
10%
32%
*31%
10%
10%.
10%.
10%
32%
10%
10,500
series
$5
•
Wilcox
9%. May 17
26% Nov 17
71
Nov
15
17:
May 19
27% May 1®
22% May 19
2
Nov
13
30
Nov
preferred!
26;
—_
5.
Sep
Sep
47%
Jan
16%
Apr
99
May.
31
May 19
2:
94
May 28
26% May 19
19% May 19.
9% May 19
84
July 31
29% May 13:
5% May IT
31
9% Sep
29
Sep
Sep
Feb
14
106
Sep
113% Oct
32% Nov
7% Dec
7%. Feb
3
27% Nov 21
.
5% Sep
14
27
Sep
Sep
71
Oct
30% July 28
105
Aug 20
106% July 21
Jan 24
Aug
Oct 27
Feb
117% Aug
119% May
53 V* Jun
116%
35
Apr
J an
90% May
13'Va Jan
32%
Jan
56%
101
Jun
Apr
18%, Oct
53%
Jan
26% Oct
21 Va Nov
41%
Jun
39%
Jan
91
Dec
95
Dec
39
May
63 V* Jun
1
102:% July 18
75
Jan
18
26%. Sep 17
38% Oct 22
103
57
Mar 29
42% Feb
43% July
89 Va Aug
Apr
111% Sep
90
Feb
Aug
14
62% Mar 27
No par
29%
27
Ry- com——10Q
preferred—
...100:
1
34%
Oct
Jan
36
20-
35 % Mar
Sep
113
55;
il" "
Dec
20
Oct
17
No par
No par
25%
20%
47
28
May 14
87%. Nov 18
preferred^-
Oil Co:
May 16
Jan
com-
Dec
45
116% Aug 19
98
;
Jan
39
119
91
03
"L Erie
50
Jan
122%
6
100
>.12.50
Oct
Nov
18%
Sep
Sep
6
—12%.
16%
22
Jan
75% Jan
4
Jun
18% July
108
38% May 19
No par
107% Feb
23% Aug
Sep
115
4
100
10®
29% Oct
20 Va
14
121% Jan
112% Jan
Be——-100
prior pref.
White Dental Mfg (The S
S)
White Motor Co—
White Sewing Machine: com;
Prior
May
111% Oct
3
4
34% Jan
2
117,% Mar 11
No par
No par
conv
conv
110% Jan
Feb
lO'/a Jan
No par
A
pfd- series
preferred*.
conv
41-
5% May 19
—10®
com
,—
$4
100
pfd
cum
Wheeling Steel Corp-
500
*91
18,
RR
Weston- Elec Instrument—
Westvaco Chlorine: Prodi—
Common
—
5%%
90
92%.
cum
Wheeling &
~20
27%
3.80%
$3.75
2,700
*91
12%
,
73
*100'
97%
24%
.
1,800
88%
*68
50%
-12%
92%
3%%
1.900
•
com
Westinghouse Air Brake
Westinghouse, Electric: com
210
99%
•!
22
.—10
Co
2nd pfd
Pacific
Jan
32% May 19
107% Nov 14
Preferred series A.—
—_10Q:
.Western Union Teleg, class; A_No
par
6,600
28%
50Va
1:2%
Western
300
3,800
28%
*
non-cum
27
1
Ry
4%.
1,700
72
23
5D'/a
32'A
28%
73
49%.
*31%
For footnotes see
page 28.
28'A
23 Va
49%
31%
9%
Va
22'A
491/4,
96'A
24%
*91
Western. Auto
Supply
Western Maryland
4.800
22 %
7
21
50%. Nov 20
125%, Nov 20
—100
preferred
Western Air Lines Inc
3,100
6%
34 Va
*95
43%
6%
22'A
31
43
300
634
35'A
*98 Va
44%
7%
6%
22'A
*95%
J
43%
*7
6%
35
22'A
7%
6'A
27%
!
*7
7'A
44
4%%
—t
•
*7
)
West Penn Power
4%% pfd__—_ 100
West Va Pulp &
Paper com__No par
1,800
36% Nov
7'
Mar
85 Va
115%
43%
13
111
31%
*108
114
19%. Feb
106% Mar
18%. Feb
Apr
23% Nov
9% Oct
*11%. Mar
105
7
*113%
44%
3
90
107 %
114.74
13% Feb
52% Nov 21
114%
108%
July 17
24% Jan
7
Apr
12% Jan
107'/a
44
109
Feb
54
83% May 22
114%
*107%
23%. Jun
6
May 17
37% Jan 16
108
45
86
Oct
4
113%
108%
Sep
Feb
108
44 'A
per share
15%
8
113'A
*107%
Highest
$
B6
18
115
44
pef share
33% Dec
11:
26% Feb
109'A
108%
$
36% Feb
23% Feb
Sep 30
30 % May 23
*113
43%
Apr
75% Feb 18
17% Jan 25:
20
*108
*107%
Apr
45% Jan
Lowest
17% May 20
;
43
123%
Year 1946
Highest
$ per share
No par
No par
52
108%
117% Dec
Range for Previous
Lowest
51%
42%
Jan
99% July :
Feb
Range Since January 1
86'A
*107%
12_%
Dec
Feb
<
26 Va
43%
5%
63% Sep
33% Oct 31
86%
108%
Dec
Nov
30
26%
43%
May
108% Aug
45
20
51'A
*107
Feb
100
53
121
Lj
V
115.
Sep
127
38
Feb 17
33% Nov 21
Warren Foundry &
Pipe
No par
Warren Petroleum
Corp- com-5
3%% cum conv preferred
100
Washington Gas Light Co
No par
Waukesha Motor Co
;
5
1,600
33%
*115
May
91% NOV
Aug 25
35% Oct 14
40
26'A
115%
113
12
17
*86'/a
115%
Oct
36 %
19
10
86%
116
26% Jun
51% Apr
Oct
23
Oct
26%
115%
Nov
16% Oct
Oct
52%
115%
15% Sep
97,% Oct 21
10% Nov 19
112;
32
86%
115%
Nov
104 % May 14
Nov
W
64
33'A
110%
Apr
30-
Jan 13
31% Oct 21
26'A
110%
Apr
49% Jan
101
83%
50-% Nov 21
31
86%
*110%
Sep 22
94
3
26%
111%
*110%
7
25.
26%
51%
Feb
18% Feb
20;
*86%
51%
5% May 19:
May 19
Par
40
6
95'% Oct 31
STOCK
Shares
24.200
6
100
25
EXCHANGE
13%
6
Apr
Jan
STOCKS
Friday
Nov. 21
92%
32%
100
preferred
13%
32%
35 % May-19
97
Oct, 17
85
92
*24'A
NOV
27% Feb
22
77% Deo
19
5
.
14
21 %
25
Dec
29% Feb
3
OlVa Feb 13
85 V*. Nov
10©,
common
93 %
19%
200 Va
6
preferred——'—
Visking, Corp: (The) class-A
Vulcan Detinning Co common
13 3
21%
May
2
pfd—100
Iron Coal & Coke 5%
92%
21'A
187
Feb
6%
14%
36
7
Mar
18%
94% Feb 20
115
95
47%
192
39
Ward Baking Co common
19%
25%
6'A
Thursday
Nov. 19
118
110 Va
20% Jan
—100
Walworth Co
35'A
Dec
Nov
8
preferred
6,300
*19
33
34%
$5
5,000
47'A
8
91
Oct
15
2,000
118'/a
7
Sep 15
Co com—No par
10%
47
July
8
85
69
11%
117
Jan
54
PRICES
Wednesday
13%
1
10
28
10®
10%
24%
24 'A
*31%
*94
41
Apr
11% July
Feb
12JAMay l9
preferred:.
11%
19%
*32%
33%
33
34'A
div partic
11
13%
Sep
Sep
11% Feb
com__ 100
common
11%
95
9%. Jan.
20%
128
102% Sep
2.56
10'/a
13%
17
Jun
Sugar Co__6%
11%
34
43A Sep
7% Oct
100% Nov
7
Feh
29% Jan
55%
Feb
11 Va
13%
22
166
Nov
47
Apr
Apr
11%
33%
Feb
Deo
20% Nov
39
11
13%
52
97% Feb
58%
11%
32%
142
19
48% Feb 21
Feb
Feb
89
25%
10%
13%
*116%
34
*31%
x20%
Feb
84%
Sep.
Oct
65%
15% Oct
11%
20%
40% Oct
*72
8
Mar 27.
23
Feb
35
10'A
*94
32
47
*33
33
*102
150
Apr
17% NOV
11%
20%
13%
21%
35'A
33
SALE
Feb 28
Nov
15
Walgreen Co. common.
4 %
preferred
Walker (Hiram) G & W
32
118
65
34'/a
33
6%
Virginia Elec & Pwr
560
33
Nov. 17
51% July 28
81
79% Feb
Oct
80
187
48% Nov
144
13
pom...No-par
1,200.
37 Vb
32%
35%
Monday
11
39% Dec
Feb
cumulative preferred
preferred 2nd series
Va-Carolina Chemical:
8,500
127
37'A
32%
35'A
Nov. 15
*6
127
36%
32%
Saturday
11
Feb
Apr
84
106
Sep
22
3%%
16,500
117
35
*31%
60% Feb
165
100
41
3 % %
10'A
37'A
33
32%
116'A
320
15'/a
32%
33%
103% July 24
13V* May 17
14% May 21
5% non-cum:
Victor Chemical1 Works
2,400
110
34%
*31%
*24%
15%
32%
*32
*19
10 Va
*107%
*36 Va
33%
60% May
Sep
36% Dec
30% May 17
Ry
preferred
96%,
34%
33
47
*95,'/a
33
*32
21%
15%
116
*31%
*116%
10%
11®
15 'A
116
33
10'A
10'/»
HO
15%
116
33%
21
10%
112
15'A
116
*32
*32'A
10'/a,
112
115%
*31%
*102
*
Jan
10
Vick Chemical Co.—
Vicks Shreve & Pacific
50
50 %
98%
96 Va
9
9
17
May
13% Jan
44
Nov
21
15 V* Sep/
62
2.36
Inc
Vertientes-Camaguey
900
87
85'A
*95'/a
*95'/a
Nov
65'A Nov
Vanadium Corp of America—No
par
1,700
87
Sep
37% Nov
6% Sep
25
Sep
13% Jan
8'/a Oct 10
May 17
4VaMay20
79% May 17
165
May 20
100
37
87
9©
59
12% Feb 21
109% Jun 18
10% Jan 30
14
May
Sep
47% Apr
98% Aug
35
13
Jan 27
132
X205
Feb
25% Aug
11%. July
13
40
15%
*84
Sep
Deo
26
Dec
Jan
16
37
*85 'A
93
187%
9
Jan
5% Nov
,1
1
Nov
Apr 10
46% Oct 20
8
1
com
preferred
Nov
13
10:
5
102
50
15
87
9'/a
103,
preferred^
16
87
96 Vb
3
32% May
109% July
29% Feb
101
39% Nov
5
24% Oct 24
19
37'A
87
May 19
18% Nov
40 Va Nov
16
*84
9
140-
25
37'A
91
*95 Vb
conv
15% Oct
<
15% July
V
16
87
9
68
May 19
61% May-19
16'A
*
21
No par
—;
Jan
9% Oct 22
38% May IT
38'A
15
9
Nov
50
15%
"87
8%
40%, J.un
128
100
...
Aug
2
10
preferred
22
110
13;
94
Oct
9% Sep
19
No par-
Universal Pictures; Co/. Inc
4V*%
May 19
Feb
53 % Feb
Feb
Jan
63% Aug
30% Apr
12% Oct
0
15
Feb
Universal Laboratories
Inc__,
1
Universal Leaf Tobacco com—No
par
8%
preferred—
iOO
173
7.
33% Jan
Jan.
100
com
18%
21%
56
.
104% Oct
11
196% Mar 29
6
73
Universal-Cvclops Steel Corp
5%
100
cum
107% Feb
Nov
100
common
non-cum
4'Zo
May 19
16% Aug
105% Aug
Deo
41% Oct
18
39
Stockyards Corp
l
United Stores $4.20 non-c 2d
pfd
5
$6 conv preferred.
No par
United Wall Paper Inc common
2
100
28
49% May 24*
United
3,900
Jan
20% Oct
9/'A Jan
35
34%
23% Oct 20
106
Deo
71% Mar
12% Nor
'
24% Jan
6
19%? Feb 17'
110% Apr 12
19% Feb 21
23 Va May 19
97Va Nov 13
*37'A
15'/a
29%
19'A
700
3,100
17'A
*82%
*47 '/a
18 %
7%
7;
50
Corp
U S Tobacco Co_
170
6»A
*160
66
16'/a
38
*
3,700
11
Steel
'
10
Preferred
101%
101
16
16
15%
*37
42%
6 '4
10%
*99
173
?163
6%
65'A
11
101%
Smelting Ref & Min
S
Nov
16'A Jan 22
l
10:
.—20
1st preferred
non-cum
16
5%, May 19
25% Jan
3
No par
Preferred
U
!2,000
18%
*39%
5%
200
37,500
141
43
6>A
19'A
2,400
69%
77%
76%
18%
42%
100'/a
69%
140%
8c/o
U S
Jan
14% Sep 11
7T: Aug 26
38% Nov 10
100
Playing Card Co
S Plywood
Corp common
3%% cum pfd series A—
U S Rubber Co 'common
1,600
46
59% July 25
%
13,
53 Va Oct 21
101% Mar 31
98
Nov
63
Aug
72:
Jan
100
Oct
106
Jan
36 %> Nov
90 Va
Nov
107% Jan
62% May
107 V* July
Feb
7
27% Feb
44
29% Feb
8
21%. Nov
44
17% Feb
1
11V* Nov
23% July
90-
Feb
3
81%- Sep
34
Feb
13
34
10% Nov 19
30
Nov
5%, Oct
"
56% July
v
8
2
12
Deo
3% Oct
44
Oct
2
178
No par
No par
78
14
12% May 19
U
8,600
128 Va
46
Jan
•
May
17% Apr
89
Sep
7% Jan
'6% Oct
1©
19% Oct
100.
5
preferred
Pipe & Foundry-,.,
8
Jan
43% Jan
86
Corp
preferred—
Industrial Chemicals
S
95,
100
Machine
U S
4,100
45%
128
6'A
11
*S9
300
31'A
43
6Va
5%
50
U
Nov ;21
20
4% %
1,200
Nov 21 J
4% Jan 31
53 %, Mar 27
10% Feb 1Q
8.V* Feb
15% May 19
No par
S
200
!
,
Leather Co. common
Partic & conv class A
U S Lines Co common
99
18%
6. >A
Va
50
30%
44
6'A
11
*18
3
65'A
37%
*39
18.%
101%
6'/a
5'A
165
16%
*37
30 '/a
42%
"18
92%
173
16%
*15%
*14%
6Va
71%
77%
141
*42%
6%
11
*99
39 Va
*
18%
44
6'A
10%
101%
6%
5'A
92
*167
6%
10%
*99
6%
*40%
5'A
*6'A
10%
*98
6
%
46%
*69 '/q
76%
140%
18%
6%
31%
76%
18%
6'4
5.1%
31
140%
42
*41
Hoffman
U S
8
37
21%
51%
S
37%
9%
—
common
4,A/{>
8
8
21%
44
U
preferred
83
12% May IT '
l04Va Jun 17
c
No par
No par
Freight Co
Gypsum Co
1%
preferred
10
44% Jan 14
20'A Sep 23
100
Foreign Securities
S
80
40%
&
S
U
17%
*9%
*50
U
1,400
*77%
41%
S
$4.50
18 Va
105
21 '/a
*42%
U
20
11V* May 20
May 17
—10
Jan
5
Oct
33
t'.
com—:
40
24'A Nov
Nov
6
70
5v
:
23% Oct
37% Jan
119
1
44% Nov 19
-
Cor—13.%
Paperboard-:
64V* Jan
34
*
No par
United'Merch
Mfrs Inc
5% preferred—,
United
*37
37%
21%
100
104%
80
40%
21%
"17%
<
182
17%
*77%
7%
37
16%
r
19% Nov
474 May 16 1
10
JfV». May 10
Engineering & Foundry——5
-
16% Nov
101
Deo
2
55V2 Jun
.10®
United Electric Coal Cos_J
3,900
17 Va
18%
105%
2,200
..
107 Va
21%.
*18
*177
18
13%
100
17%
39'A
37%
*97
Va
17%
*106%
17
21%
100
16
107%
17
77%
x77%
8%
*36%
*106%
21
*97
22%
16%: -16%
105
*105%
*177
40
20%
x22 %
17%
5
33
__
23%
*37
Oct 14
$ per share
Sep
,
26% Jan 15
5
i
—_—
•
Highest
I per share
•28% Apr
120% Apr
HQ
14
18-% Sep 0
28% Jun 10,
1
Corp
25
18% Nov%7
97-'A Nov
United Carbon Co—i
—No par
United-iCarr Fastener
Corp___No par
United Cig-Whelan Stores com—-30c
$3:50 convertible preferred
10®
700
Year 1946
Lowest
$ per share
16% May 19
103% Jan 15
United Air Lines Inc common
10
4Va% cumulative preferred
100United Biscuit Co*
,_No
1,100
31%
$ per share
United Aircraft Corp common™*.—5
5% convertible preferred
106
19%
4%
2%
27
Range for Previous
Range Sine® January 1
Highest
Lowest
Par
98%
22%
STOCK
EXCHANGE
12,400
18%
22%
NEW YORK
Shares
98%
100.
22%
t per share
23%
103
Sales for
*31 %
*61 Va
(2119)
RECORD
the Week
31%
31
CHRONICLE
STOCKS
Friday
Nov. 21
Nov. 20
I per share
99
100
22%
Thursday
Nov. 19
23%
YORK
FINANCIAL
PRICES
Wednesday
share
22%
107
18%
*99
22 3 4
S per
22%:
*105%
18%
*99
*22
share
&
105
36
May
Jan
July
May
12% Jan
^
28
COMMERCIAL
THE
(2120)
&
FINANCIAL
CHRONICLE
Monday, November 24, 1947
NEW YORK STOCK RECORD
LOW
Nov. 15
S
per
$
share
$ per share
f per share
9%
9%
9%
60
59%
59%
5974
60 %
60
15%
1474
15
15%
15%
15%
15%
91%
91%
*91%
*19%
19%
19 %
NEW
the Week
Range Since January 1
Shares
8,000
*91%
93
91
19%
*19%
19%
19%
1,000
Willys-Overland Motors com
1
$4.50 conv pfd series A
No par
51»/2 Sep
15%
9,200
Wilson & Co Inc com
No par
10% May 19
No par
10
91
16
*90 V4
9%
9%
92
xl9
19
18%
18 Va
Wilson-Jones Qo
200
700
1,700
Co "Reg Way"._lo
"when dist"
10
Wisconsin
El
Common
67e
144
Pwr
32%
32%
32%
32%
32%
33
33
32%
33
1,500
Woodward
Iron
46%
46%
46%
46%
46%
46%
46%
46%
4:6 V4
46%
7,900
Woolworth
(F W)
*57%
58%
61%
1,200
Worthington P & M
*82%
83
*82%
83
82%
82%
*82
82%
*86%
89%
*86%
89%
*86%
88
*86 %
88%
*86%
89
*86
89
*64
68
*64
68
*65
68
*64
68
*66
68 V2
*b6
681/2
64%
x64%
64%
64%
64%
10
*36
37
36
12 '4
12
12'4
82 %
82%
61 y4
60%
1,100
20%
20%
21
21
*20%
21%
42 Va
*42%
20%
20%
20 %
20%
20%-.i 20%
77%
73 %
x75%
76
76
78
78
78%
77%
78%
78 Va
18
18
17%
18
18
18
18%
18%
18%
18%
18%
"18%
19 y4
19%
18%
19
19
20
20%
20%
20
20%
20%
6%
6%
6 %
6%
6%
6%
6%
and asked prices;
no
6%
6 %
6%
Jin receivership,
sales on this day.
a
79
Corp
4%%
900
17
14
33
Nov
10
53
Feb
1
68% Feb
13
100
80% Nov 21
63
Sep
10
70% Mar
5
8
Mfg Co
25
1
preferred
50
Young Spring & Wire
.—No par
Youngstojwn Sheet & Tube..—No
2,200
Youngstown Steel Door
20%
2,600
Zenith
Radio
6%
2,800
Zonite
Products
rCash sale,
s
47
No par
common
cum
145% May 19
8
9,700
nNew stock.
Deferred delivery.
& Towne
Yale
York
1,000
42%
*Bid
Oct
Nov
May 19
48% May 19
Feb
37%
3,000
21
80
37
13 Va
18 >/B Nov
29
37%
44
21
Oct
37
37
Nov
57
37
12%
18
32
Wyandotte Worsted Co
37
May
62% May
15%
Corp
No par
1
Corp
Special sales,
par
—No par
Jan
21
No par
1,600
*43
Jun
52
Sep
Sep
Sep
19
Nov
21%
74
87%
1,600
13
160
Feb
43%
95%
Nov
19
84%
9%
43%
Mar
34
28
20
3
f.64,V4
12%
142
99
21
20
9%
43
July
19
27
Feb
64%.
12%
101
Nov
Jun
18'/a Nov
94% Apr
10
43
July
100
64
12%
21
9
64
43
26%
Sep
Sep
Oct
Jun
*9%
12%
Jan
Nov
9
84
64%
42%
12%
series___10o
10
12%
23
No par
(Del)
10
42%
Oct
Sper share
24
17
43
series
64%
12'4
11
64% Oct
conv
4%%
Wright Aeronautical
Wrigley (Wm) Jr (Del)
.
13% Feb
135
(new)_
Co
pfd 4% %
Prior pfd
43 Va
6 v4
Prior
260
82
80 %
Co
64%
*36%
36
60 %
62
*137
10%
10
9%
9 %
10
60
58%
58%
57 %
57%
*137
144
*137
144
*137
Highest
$ per share
10
100
144
*31%
4674
144
10
Lowest
10
preferred
*137
32%
46%
*31
144
19
18
--
I8V2
18%
preferred
$4.25
300
91
*90%
„
«...
__
67/a May 17
61
15%
20
__
$ per share
60%
974
15%
91
93
$ per share
Par
Highest
15%
*60
Year 1946
Lowest
•
__
137
Range for Previous
STOCK
YORK
EXCHANGE
61
9%
60%
15%
9%
$ per share
9%
9%
8%
GO
9%
Friday
Nov. 21
Nov. 19
$ per share
Sales for
Nov. 20
Thursday
Wednesday
Nov. 18
share
per
STOCKS
PRICES
SALE
Tuesday
Monday
Nov. 17
Saturday
HIGH
AND
May 17
May
Feb
106
59%
Oct
82%
Apr
13%
Deo
25%
Jun
Jan
3
16% Feb
11
50% Mar 31
14 Va May 19
45
Apr
103
6
10 Va May 19
May 19
Aug
100
Sep
75V4 Dec
10
18% Feb
41
33 V2 Aug 28
Feb
23% Oct
23
33
Oct
61% July
13 %
Nov
27 y4
Jan
Oct
35%
Jan
mm. mm
mm—
15%
53% May 17
83
Oct
20
67%
Sep
83% May
15
21% Feb
21
J*
Not
31
19%
Deo
42%
Jon
Sep
14%
Apr
May 17
14% May 19
5% Jun
wd When distributed,
x
5
25
July 7
10% Jan 31
Ex-dividends,
9
Jan
Ex-rights.
y
Transactions at fhe New York Stock Exchange
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
21,1947
Week Ended, Nov.
Int'l
Total
Bank
Government
Bond
Bonds
Bonds
untted States
Foreign
Railroad
and Miscel.
Stocks,
Number of
Shares
Bonds
Bonds
Sales
Saturday
295,160
$1,162,000
751,240
3,707,100
4,733,000
320,000
930,090
$175~666
4,202,100
5.223,000
4,821,000
961,860
332,000
3,000
4.562,000
975,520
4,227,000
4,843,000
378,000
25,000
5,246,000
4,960,570
$23,493,100
$2,031,000
$203,000
Friday
$1,000
of
Shares)
21,1947
.
1946
Foreign
68,989,520
821,335,400
1,123,216,700
$25,728,100
$21,844,700
Railroad & Industrial
Total
1 -1—
■
-
—
the
week,
and
The
are
"and
$73,079,000
$62,385,000
7,070,000
10,693,000
5,000
484,000
473,000
$1,234,000
$80,633,000
$73,551,000
Foreign corporate
Total
$1,489,000
WEEKLY
-
YEARLY
-
Cash and deferred delivery sales are disregarded In
the week's range,
unless
when outside of the regular weekly range are shown in a footnote in the week in which they occur.
No account is taken of such sales in
letters in the column headed "Interest Period" indicate i,n each case the- month when the bonds mature.
they are
the only transactions of
computing the range for the year.
italic
LOW
Saturday
Monday
Nov. 15
Nov. 17
High
$1,139,000
90,000
163,000
4,000
New York Stock Exchange
iiii
interest"—except for income and defaulted bonds.
(:
Low
Low
High
AND
HIGH
Tuesday
SALE
Low
represent one
or
more
32d of
a
point.
PRICES
Wednesday
Nov. 19
Nov. 18
ppiiit
Figures after decimal
Thursday
Nov. 20
Low
Sales for
Friday
Nov. 21
Low
NEW YORK
Low
104.10
*104.8
104.10
*104.8
104.10
Treasury
106.23
*106.21
106.23
Treasury
3s
High
High
Bonds($)
Lowest
EXCHANGE
*109.21
109.23
*109.20
109.22
*109.16
109.18
*109.10
109.12
*109.14
109.16
*109.11
109.13
Treasury
2%s
1955-1960
111.23 Sep
*100.20
100.22
*100.20
100.22
*100.19
100.21
*100.19
100.21
*100.19
100.21
*100.19
100.21
^Treasury
*105.16
105.18
105.17
*105.15
105.17
*105.13
105.15
*105.11
105.13
*105.11
105.13
Treasury
*110.11
110.13
*110.5
110.7
*110.1
110.3
*109.31
110.1
*110.1
110.3
*109.31
110
Treasury
2%s
1948-1951
1951-1954
1956-1959
101.8
*105.15
2%s
2%s
*111.11
111.13
*111.5
111.7
*111.1
111.3
*110.31
111.1
*111.2
111.4
*110.31
111.1
Treasury
*112.21
112.23
*112.20
112.22
*112.11
112.13
*112.10
112.12
*112.12
112.14
*112.8
112.10
Treasury
*101.10
101.12
*101.9
101.11
*101.9
101.11
Treasury
2%s
2%s
2%s
*102.31
103.1
*103.30
103
*102.30
103
Treasury
2%s
1958-1963
1960-1963
1948
1949-1953
*101.10 101.12
*102.31
103.30
*103.28
103.1
3
112.21
Aug
115.26
Jan
4
102.11
Dec
102.12
107.5
Dec
109.22 F&>
102.6
106.23
103.1
Pet
Feb
Feb
112.6
*106.21
101.12
111.18
22
106.24
*101.10
Jun
July 24
104.10
*106.22
*102.31
110.3
3
*104.8
106.24
103.1
4
107.20 Oct
104.10
*106.22
101.12
108.21 Feb
1951-1955
*104.8
106.25
*102.31
21
1949-1952
104.10
*103.28
103.30
*103.27
103.29
Treasury
2%s
103.27
*103.25
103.27
*103.25
103.27
*103.25
103.27
*103.25
103.27
*103.23
103.25
*105.14
*105.15
105.17
*105.14
105.16
*105.13
105.15
*105.11
105.13
*105.3
105.5
Treasury
Treasury
2%s
105.16
1952-1954
1956-1958
1962-1967
1963-1968
June 1964-1969
106.13 July 24
113.12 Aug
113.3
103.31
*103.28
103.30
*103.27
103.29
*102.12
102.14
*102.27
102.29
*102.27
102.29
*102.27
102.29
*102.27
*102.7
102.9
*102.8
102.10
*102.8
102.10
*102.9
102.11
*102.9
*101.29
101.31
*101.31
102.1
*101.30 102
*101.31
102.1
*101.31
*101.30
102
*101.29
*101.30
102
*101.30
101.31
2%s
*102.24
102.26
102.11
*102.9
102.11
102.1
*101.29
101.31
102
*101.28
101.30
Treasury 2%s
Treasury
102.29
*101.28
101.30
*101.28
101.30
*101.28
101.30
*101.27
101.29
*101.28
101.30
*101.29
101.31
*101.27
101.29
*101.27
101.29
*101.27
101.29
*101.26
101.28
*101.27
101.29
*101.28
101.30
*101.26
101.28
*100.26
100.28
*101.1
101.3
*101
101.2
*101
101.2
*101
101.2
*100.31
101.1
*104.6
104.8
*104.2
104.4
*103.31
104.1
*103.22 103.24
101
*101
101.2
*101
101.2
*100.31
101.1
104.8
*104.4
104.6
*104.4
104.6
*104.4
2%s
Treasury 2%s
Treasury 2%s
Treasury
104.6
Dec. 1964-1969
1965-1970
1966-1971
June 1967-1972
Sept. 1967-1972
2%s
Treasury 2%s
Treasury 2%s
Treasury 2%s
*104.12
104.14
*104.12
104.14
*100.31
101.1
*101.1
101.3
101
*104.7
104.9
*104.6
104.8
*104.6
*102.25
102.27
*102.25
102.27
*102.25
102.27
*102.24
102.26
*102.25 202.27
102.25
Treasury
*105.27
105.29
*105.21
105.23
*105.19
105.21
*105.20
105.22
*105.22
105.24
*105.19
105.21
Treasury
*103.24
103.26
*103.25
103.27
*103.23
103.25
*103.23
103.25
*103.22
103.24
*103.14
103.16
Treasury
*100.13
100.15
*100.15
100.17
*100.15
100.17
*100.15
100.17
*100.15
100.17
*100.13
100.15
Treasury 2%s
*102.23
1,000
Dec. 1967-1972
1951-1953
1952-1953
1954-1956
1956-1959
Treasury 2%s
Treasury
2%s
2%s
2%s
2%s
Nov
Apr
113.3
Nor
May 14
114.8
May 14
118.15 Mar
118.23
Fell
104.12
Feb~21
104.12
Feb~21
106
106*
Apr
Apr
106.16 May
107.15 Jan
105.29 Aug
Jun
107.5
Jan
108.4
Jun
108.4
104.24 July 14
105.22
May
104.14 Sep
2
104.23 Feb
14
104.7
104.4
Jan
2
104.18 Apr
30
103
Jan
107.27 Apr
107.4
Apr
107.9
Apr
102.5
Nov
8
104.4
Jan
13
102.22
Jan
107.19 Apr
102.5
Nov
10
9
102.11
Jan
102.3
Nov
7
104.15 Apr
12
102.11
Jan
107.10 Apr
102.12 Oct
14
103.20 Apr
101.16
Jan
106.15
Apr
2
105.17 Jun
9
2
106.28
Apr
109.15
Feb
18
103.19 Apr
10
101.15
Jan
106.15
Aug
106.16 Apr
106.15 Aug
104.24 July 14
105.17 Jun
101
Nov
104.10 May
Nov
107.9
Apr
108.17 Aug
105.17 Feb
7
105.18 Sep
8
108~17 Aug
104.22
107.14 Apr
Sep
,
100.17
100.17
*100.15
100.17
*100.15
*100.3
100.4
*100.3
*100.3
*100.3
*100.10
100.12
*100.10
lob" 12
*100.9
10*0.11
*100.10
100~12
*100.9
100.11
^Treasury 2s
*101.6;
101.8
*101.6
101.8
*101.6
101.8
*101.6
101.8
*100.10 100.12
*101.5
101.7
*101.5
101.7
llTreasury
*101.6
101.8
*101.6
101.8
*101.6
101.8
*101.6
101.8
*101.6
101.8
*101.5
101.7
Treasury 2s
♦101.9
101.11
*101.9
101.11
*101.9
101.11
*101.9
101.11
*101.9
101.11
*101.8
101.10
Treasury 2s
*101.12
101.14
*101.11
101.13
*101.11
101.13
*101.11
101.13
*101.12 101.13
*101.11
101.13
Treasury
*101.13
101.15
*101.13
101.15
*101.13
101.15
*101.13
101.15
*101.13
101.15
*101.13
101.15
Treasury 2s
*101.17
101.19
*101.17 101.19
*101.17
101.19
*101.17 101.19
*101.17 101.19
*101.17
101.19
Treasury 2s
*101.24
101.26
*101.24
101.26
*101.23
101.25
*101.24
101.26
*101.24
*101.22
101.24
*101.28
101.30
June 1959-1962
Dec. 1959-1962
1947
March 1948-1950
Dec. 1948-1950
—June 1949-1951
Sept. 1949-1951
Dec. 1949-1951
March 1950-1952
*100.13
100.15
*100.15
*100.15
*100.3
*100.3
100.17
101.26
*100.13
Treasury
*101.28
101.30
*101.28
101.30
*101.28
101.30
*101.28 101.30
*101.27
101.29
*101.27
101.29
*101.28
101.30
*101.27
101.29
*101.28
101.30
*101.28
1101.30
*101.26
101.28
*101.30
102
*101.31
102.1
*101.30
102
*101.31
102.1
*101.31
102.1
*101.29
101.31
*103.27
103.29
*103.22
103.24
*103.20
103.22
*103.21
103.23
*103.24
103.26
*103.22
103.24
100.15-
*100.13
100.15
*100.13 100.15
*100.13
100.15
*100.13
100.15
*100.13
*100.15
100.17
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.17 100.19
*98
*98.16
98.12
99
98.12
98.26
98.17
98.12
98.24
*Bid and asked
price.
*98.20
99
*
*98
No sales transacted this day.
98.12
98.28
*98.4
98.18
98.11
98.18
*100.13
100.18
*98.4
98.22
98.11
98.22
2s
—.
2s
2s
Sept. 1950-1952
Treasury 2s
1951-1953
Treasury 2s
—1951-1955
Treasury 2s
—June 1952-1954
Treasury 2s
Dec. 1952-1954
Treasury 2s
1953-1955
Treasury l%s —;
..1948
Treasury l%s
—1950
International Bank for
Reconstruction & Development
10-year 2%s
-1957
25-year 3s_M.*._*.^~~...1972
5,000
198,000
(IBeing called for redemption March 15, 1948 at 100.
.
a
Odd lot transaction,
r Reg
•• ♦
I /
104.16 Apr
6
100.29 Jan
102.24 May
Jan
Apr
102
Apr
Apr
Deo
102.8
Dec
103.9
Jan
30
101.4
102.8
102.5
Sep
102.24 May 14
102
102.6
Jan
103.9
Jan
103.7
Jan
103.22 Feb
102.12 Apr
102.12 Apr
102
102.6
July
8
9
104.7
May 27
104.3
Mar
9
102.18
Oct
12
102.20
103.1
Apr 26
103 .13
Oct
May
13
103.2
Jan
24
102.14 Not
104.25 Feb
102.28 July 21
103.4
July 21
102.22 Not
104.29 Feb
loT.31
102.4
July 22
102.23 Apr 24
102.30 Apr 24
102.28 Jun
102.23 Apr
102.25 Apr
—
100.15
*100.16
2%s
Treasury
100.15
Dec
115.23
114.8
1950-1952
*103.25
106.13 July 24
Highest
Feb
106.6
30
*106.23
Lowest
Highest
104.25 Sep
*104.8
*101.10
Year 1946
Range Since January 1
STOCK
3%s
*106.21
High
Range for Previous
GOVERNMENT BONDS
the Week
High
*104.8
*103.29
1946
126,351,538
Foreign government
$914,371,920 $1,214,285,600
FRIDAY
NOTICE—Prices
to Nov. 21
64,453,244
$1,322,000
Domestic
20,936,000
Bond Record
Jan. 1
1947
1,651,765
Bonds
72,339,400
23,493,100
1,394,200
20,396,000
$1,000
203,000
2,031,000
$*1,489,000
$4,000
1946
1947
$18,729,500
$3,111,000
—
-
25,000
1,388,990
Stocks—No. of shares
$54,500
International Bank
$4,000
Week Ended Nov. 21
328,828,535
221,819,512
Bonds
H. 8. Government
$163,000
246,185
$25,728,100
1947
1946
5,554,780
4,960,570
$1,322,000
•
277,575
Total
$76 000
275,000
317,000
262.000
280,000
279,000
Jan. 1 to Nov. 21
Week Ended Nov. 21
Stocks—No. of shares
$1,000
75,000
59,000
3,000
22,485
i
$75,000
200,000
254,000
259,000
280,000
254,000
138,325
235,205
269,215
Total—
1947
Bonds (Par Faltte)
Foreign
Foreign
Government
Corporate
Domestie
1,388,990
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
5,203,000
$1,000
469,000
402,000
1,046,700
Total
Week Ended Nov.
$1,292,000
$130,000
Monday
Tuesday
Wednesday
Thursday
Stocks
(Number
9
101.2
Jan~29
101.14 May
100.26 Oct 20
101.8
Apr 26
101.3
100.30 Apr
Nov
14
102.00 July 15
98.18 Nov
14
103.4
98
istered bond transaction.
July 15
Sep
104.14 Jan
103.13 May
Mar
102.17 Mar
Volume
THE
Number 4649
166
COMMERCIAL
NEW
YORK
RANGE
Interest
Last
or
Period
BONDS
Sale Price
Bid
York Stock Exchange
FOR
WEEK
Bonds
BOND
ENDING
& AsKcd
Low
High
Low
No.
J-D
105 ft
105,
105%
105
56
Friday
BONDS
Stock
Interest
Sale Price
(Republic of)
114%
loan
5s of
1914
1949
4Vis
MS
1949
4Vis external debt
6%)
extended to
External
4s extl
s
Wertheim &. Co.
120
Broadway,
Jan
f $
New York
part
AOs
1-1693
part
sink
fund
Akershus
(King of Norway) 4s
lAAntioquia (Dept) coll 7s A
lAExternal
lAExternal
s
f 7s series
s
sec
AExternal
sec
M-S
78
68%
89%
68%
61
3
91
3
89%
40'/a
41
10
25%
40,/a
40 %
1945
p
89%
J-J
J-J
*40
1
45
J-J
*40
*40
series—1957
A-0
A-0
26%
__
41
f 7s 3rd series_..1957
25
42
A-0
f
2d
7s
79
J-J
1945
s
81
1945
1st series
s
79
1945
B
A
Antwerp (City) external 5s
,1958
Australia (Commonw'lth) 5s of '25-1955
10-year
*67
mmmm
1957
f 7s
s
AExternal
A-0
1968
f 7s series D
AExternal
Ass'td
F-A
1948
f 7s series
3Vis
J-D
J-J
45
24
*40
43
19%
18%
45
102% 102%
4
98
103
101% 102 Vi
—
102
187
99%
91%
91%
91 Vi
93 Va
91%
91%
92%
26
91%
95
J-D
90
90
90%
45
873/4
Ass'td
1966
J-D
89%
89%
90%
81
89%
1962
F-A
88
88
90
84
88
to
Geraes
A Sec
Belgium external 6'/2 s
lABrazil
(U
f
101
11
102
107%
6
106
109
Nov
5,
1955
J-D
107%
116
4s
J-D
115
14
65 Va
1
56
(Int reduced to 3.5%)
AExternal s f 6%s of 1926
1957
Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal s f 6%s of 1927
J-D
A-0
1979
A-0
1957
A-0
*51%
55%
44
70
60
64
65'/4
31
55
35
*99% 103%
98
105
i960
53
20
43%
63
64%
(Int reduced to 3.375%)
1979
A7a (Central Ry)
1952
Stamped pursuant to Plan A
(Int reduced to 3.5%)
1978
Bft funding bonds of 1931 due—1951
64 %
13
55
73%
A-0
51V4
51 Vi
53
J-D
65 V4
65 Vi
65 Vi
J-D
*51%
—
84
63
1
—
44
56
70
44
—
59 Va
1954
1910
A-0
61
4
65%
65%
60
2
55%
65 Va
61%
.
60
61 Vi
17
55%
61
60 Vi
61
3
61
61
61
2
55%
55%
65
67
4
66%
69%
67
1
|
,
*66%
72
*66%
__
——
3Vis Series No. 9
74
67
11
12
60%
r
*
3Vis Series No. 21
60
*60Vi
1950
of)
1960
A6s
s
6 Vis
1958
to
2.125%)
f 6 Vis
A6s
s
Feb 1961
1961
F-A
Jan
1961
s
1959
1961
AExternal
sinking fund 6s
A6s assented
sinking fund 6s
' A6s assented
1962
_
62 Va
_
55
.
62
62
54 Va
62
100
4
96
102
18
96
104
—
100
—
1023/4
70
104
109
1043/4
104 Vi 105
39
104 %
110 Va
1
20%
92%
A-0
64
21
20 Va
20%
7
*21
—
21 Vi
100%
22
82
263/4
s
11%
J-J
1957
14
11 Va
12%
40%
--
34
10
33
27
10
26
33%
35%
40 Va
27
33
*33
27
—
27
27
93%
93%
2
92 %
92%
10
92
106
90
90
8
90
105%
89
90
70
88
1053/4
89
M- N
M-S
A-O
1963
1957
92%
F-A
89:%
A-O
89
A Stamped assented 5s
Stamp mod 3Vis ext to
89%
15
10
1963
M-N
1994
J-D
1967
M-S
*100'/a
95%
93%
89
27%
1
183/4
28
18%
27%
20%
28%
18 Va
27%
21 Va
21%
30
21%
33
*21
19 Va
-
__
21 Vi
21%
7
28 Va
18%
273/4
21
-
25%
19%
105
95%
104
99
102%
99Va
101
1
95%
sec
ref 3%s series B
iAPernambuco
(State of)
(Rep of)
s
A4%a
32 Va
40
M-S
*23%
30
24'/a
36
M-S
16 V4
16%
13
16
22
J-D
16 Vi
16%
16%
91
15
21%
A-O
16%
16%
16%
45
15
21%
19
21
1940
A-O
1958
*8%
fund
A-O
*8 Vi
1947
7s
A-O
*16%
A-O
8 %
gold 8s
1950
1963
J-J
Alegre (City of) 8s
Stamped pursuant to Plan A
.1961
J-D
(Int reduced to 2.375%)
AExternal loan 7 Vis
2001
A4V4s assented
A Porto
__
J-J
11
11
8
__
11
*28
•—a.
*36
—
21%
61
7%
33
A6sv assented——:
—
AGuaranteed sink fund 6s
A6s
jAChilean Cons Munic. 7s
A7s assented
i960
(Hukuang Ry)
.'1
5s
■
r
A6s of 1928
__Oct 1961
'Afis Of 1927
Jan 1961
s
f $
bonds
29
--
—
33
39%
(Int
reduced
to
2006
2.25%)
|ARio de Janeiro
(City of) 8s
Stamped pursuant to Plan a
(Int reduced to 2.375%)
AExternal
sec
Stamped pursuant to Plan A
(Int reduced to 2%)
of
loan
A-O
F-A
2012
F-A
1946
1921
Stamped pursuant to Plan A
(Int reduced to 2.5%ft
Ads external sink fund gold
2001
A-O
Paulo (City) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
AdVis extl secured s f
Stamped pursuant -to Plan A
(Int reduced to 2%)-
41
28%
3
26
85%
33 Va
10
31
39 Va
26%
15
25 Va
35
34
40%
28 Va
28 Vi
33'/a
33'/a
25%
25%
*36
J-D
2004
1967
J-D
35
J-D
M-N
38
29%
*32%
—
2012
—
27
—
35
30
37%
26
26
1
23
31
34 %
—
34%
1
31
39
24%
32
*26
*34%
—
2004
28
—
M-N
41
<■
M-N
*
30
—
40
33
39
25
—
*26
31%
35
42
27%
—
37
J-J
1999
1956
42
1
24%
41
44 '/a
44 Va
1
44'/a
68
37%
8
37%
64 Va
46
67
--
J-J
1950
31 Va
29
37%
J-J
--
29
2012
1936
1999
8s
33
34
*27%
1968
1952
25
~1
36%
1999
2001
1957
31
36%
—
1966
1926
ASan
(State)
*27
A-O
1953
6 Vis
Stamped pursuant to Plan A
(Int reduced to 2%)
Bio Grande do Sul (State of)—
|A8s extl loan of
J-J
1946
J-/
44'/a
Stamped pursuant to Plan A
(Int reduced
A88 external
2.5%)
—
*42
--
—
Stamped pursuant to Plan A
reduced
water
2.5%)
loan
Stamped pursuant to Plan A
(Int reduced to 2.25%)——2004
1968
A6s extl dollar loan
*35
—
J-J
J-J
—
41
*39
49
*33 Va
M-S
42%
*38
48
42
—
65
48
56%
42%
—
59
40
60
Stamped pursuant to Plan A
2012
(Int ituuced to 2% )
lASecured
s
1940
f 7s
Stamped pursuant to Plan A
(Int reduced to 3.5%)
33%
A-O
A-O
1978
—
A-O
33%
*80
88
72
72
—
1
—
9
33
55
85
91%
65%
80%
Mtge Bank 6Vis
§ ASinking fund 7s of 1926
25-year
1927
(Rep of)
footnotes
see
__
18%
19
.
IS'
_7Vi
__
19
17%
A-0
27
4
7%
16%
*75
A-O
1947
A-0
1946
li-N
F-A
*46
47%
37
__
54
_
50
84%
83%
84%
--
80%
i.80%
81%
i
M -N
19
53
FIRM TRADING MARKETS
C*m mares & no- Inc.
FOREIGN SECURITIES SPECIALISTS
62%
54%
48
__
Af-N
19
90
41%
42
48%
J-D
32.
90
72
*46
1947
72
*46
SECURITIES
25%
*77
J- J
FOREIGN
25%
17'/a
•
1951
7s
page
27
19%
.
7%
Institutions
26
21
..
18%..
7%
27
173/4
21
■
1953
gold 4%s
Rica
18%
.
For Financial
27
-19 %
1070
lAColombia
SASinking fund 7s of
Copenhagen (City) 5s
26 Va
50
31
79
97 Va
.,.19
.78
96 Va
21
16
20%
21
32
29
25%
:
i t
3s external
J-D
'5
23 Va
173/4
17%
20
—
M-S
__195l
(Republic of)—
12
20
*18%
.
M-5
*
Colombia
M- N
__196Q
1
*18%
Af-N.
—1962
19%
19%
A-0
—1962
assented
Achinese
A-O
1961
18%
243/a
38
Stamped pursuant to Plan A
27%
19%
21%
10%
8%
*36
1966
29%
7%
8 %
*8
21
16 Va
—
26%
19
37
1960
assented
AExternal sink
105%
*31
1968
f
s
105 %
__
M-S
f 6s 2d ser—..1961
loan
22
99%
1S59
ser
lAPoland (Rep of) gold 6s
AStablllsation
102
2008
external 7s__
f 6s 1st
99%
*105%
1947
7s
Stamped pursuant to Plan A
(Int reduced to 2.125 %)
A Peru
*100
99%
'
21 Va
J-D
1961
assented—,
AGuaranteed sink fund 6s
98 Va
99
—
273/4
22%
*21
J-D
1961
A6Vis
97%
(Republic)—
(Int
22
21 Va
J-D
1961
ASinking fund 6%s—
.
34
A-O
A7s extl
21 3 4
*21
21%
~9%
--
27
M-S
1955
27 Va
21%
VB
J-D
1957
—
10
27
J-D
273/4
21
21V4
15%
11%
6 Va
1
34
1970
19
19%
*21
21%
6%
*9%
M-fl
1965
external
f
20%
—
59
21%
__
21V4
Jkf-N
Af-N
72
21
21%
11%
11%
17%
6%
,
A6%s assented
For
s>
A-0
—1963
Mortgage Bank 6Vis
A Costa
M-5
1963
i
.
J -J
J-D
J -J
1956
4 Vis
62
65%
56%
104% 105 %
M-5
1962
AExternal
•*
fund
1957
Stamped pursuant to Plan A
(Int reduced to 2.25%)
A 7s municipal loan
Stamped pursuant to Plan A
(Int reduced to 2.25%)
105'/a
J-J
Jan
Sep 1961
—Sep 1961
assented-
*12%
2008
A7s external
—
J-J
assented
sinking fund 6s
A6s
F-A
—Feb
f 6s
Q-J
2008
62
HOO
A-O
A-O
9%
18 Va
—
12 V4
57 Va
13
__
*101%
M-N
1960
sinking fund 6s
AExtl
V
—
—
9%
BVa
16%
8
*11%
1942, agree_1963
63
99% 100
M-N
I960
A6s assented
s11
60 Vi
100
J-J
1942
sinking fund 6s
ARy external
•
J-J
1942
f 7s
assented
AExtl
>
A-0
1954
,
3 Vis
AExternal
U.»
J-J
62%
—
4s
(City) 8s
SAChile (Rep) External
§A7s assented
(
J-D
1984
of)
bonds
ACarlsbad
AChile
100
1961
(Dominion
25-year
•
100
F-A
9
12
45
Q-J
J-J
f
s
reduced
I ASan Paulo
Canada
fi
Af-3
1958
5%
29
106
J- J
54%
"l
Vi
*60Vi
__
1957
15%
100 Va
104
7
—
16%
6%
M-N
J-J
60
*60Vi
r,
3Vis Series No. 30
62
62
54%
61
*
(City) s i 5s
Sinking fund gold 5s
Sinking fund gold 6s
54%
__
63
60%
tmmmrnm
—
61
54 Va
_
62
60 Vi
62 Va
62
55
62
60 V4
61%
55
*60 Vt
-
3Vis Series No. 28--
f
62
*60 Vi
——
3Vis Series No. 27
•
2
—
Brisbane
55
-
6
*
3Vis Series No. 29
55%
—
60%
_
3 Vis Series No. 25
3Vis Series No. 26
62%
62%
*60 Vi
,
3Vis Series No. 23
3 Vis Series No. 24
62 Va
e61% e61%
e61 %
3Vis Series No. 22
62%
55%
55%
61
60%
63
55
—
__
*60 Vi
-
3%s Series No. 19
3Vis Series No. 20_£
67
1
61%
1
_
*60 >/a
——
3Vis Series No. 18
60 Vi
60 Vi
62%
56 Va
60 V4
*60 Vi
■
—•
7%
74 Va
—
-
45
J -J
1945
sink fund extl loan
3Vis
83%
55
__
6OV4
L
85
83%
83%
66 Va
1
62
61%
-
3Vis Series No. 16
3Vis Series No. 17
\
67
*60Vi
3Vis Series No. 14
3Vis Series No. 15
65%
66%
*60 Vi
,
3Vis Series No. 13
>
65
653/4
78 Va
*79
—
3Vis Series No. 10
f
61
61
.
(Province
*5%
*40
1942, agree_1963
1913 assent—1933
A4V4s assented
3Vis Series No. 7
3Vis Series No. 8
f $
43
60
3Vis Series No. 6
s
2
r
3%s Series No. 4
3Vis Series No. 5
external
53 Vi
53
-L
3%s Series No. 2
3%s Series No. 3
3%
100
—
48
(State)—
ANat loan extl
(Int reduced to 3.375% )„—1979
External $ bonds of 1944 (Plan B)—
3%s Series No. 1
86
*__
J-D
agree, 1968
47
7%
M-N
A-O
agree_1963
1942,
__
85
1954
1945
——
8V4
6%
*78
1957
5,
A Nat loan extl s
*
Stamped pursuant to Plan A
Buenos Aires
7%
A-O
i960
7s
Municipal Bank extl s f 5s
Oslo (City) sink fund 4Vis
Fanama
—
Stamped pursuant to Plan A
3Vis Series No.
814
—
73%
52
64
53%
M-S
Ext
1978
62
39%
1949
1942,
5,
Nov
External
65 Vi
53
62
14
(Kingdom)
3%s
Norway (Kingdom of) 4Vis
105% 105%
Stamped pursuant to Plan A
3Vis Series No.
*54 %
20
(Int reduced to 2.125%)
103% 103%
114
101 %
99%
J-J
651/4
102%
75 Va
Stamped pursuant to Plan A
M-S
114
81%
47
*15%
1943
Nov
A Bee external
1941
external 8s
8
84%
J-J
5, 1942, agree_1968 '
extl 5s of 1899 £—1945
external
(Int
1949
7s
S of)
J-J
93%
82%
Stamped pursuant to Plan A
1955
6s_
102
1967
Netherlands
f
1,1976
90%
100 Va
36
f 5s
s
AAss'td to Nov 5,
Mlnas
91%
15-year 3%s
to
83%
92%
84%
1968
§ A Treasury 6s of
102
F-A
J-D
s
A-O
1964
5 A Assenting 4s of
109 7/a
44
1956
to
Ass'td
45
43
—1957
s
F-A
to Nov.
(US)
Ass'td
84
40
AAssenting 4s of 1904
45
45
.——1967
External
75
115%
115%
*43%
§ A Assenting 5s of 1899
45%
*40
——
——
—
46
21
__
SAMexico
1053/4
10-year 3Vis
20-year 3%s
20-year 3 Vas
External
2
99
107 Va
110
111%
*36
§A4Vis assented
6s
s
84
96%
Mexican Irrigation—
1947
lAExternal
84
1
—
J- J
Jugoslavia (State Mtge Bk)
AMedellin (Colombia) 6Vis
§AGtd sink fund 6s
116 Va
104%
J- J
a
AGtd
104'/a
111%
--
1,1976
paid
paid
Irish Free State extl
Agricultural Mtge Bank (Colombia)—
100%
16
114
Jan 1,1976
Helsingfors (City) ext 6Vis
Foreign Govt. St Municipal
High
102%
Jan
(Republic of) 7s
Republic extl 7s
A 7a
T eletype
NY
January I
Low
1
113
Greek Government—
New York Stock Exchange
Members
Range Since
102 3/a
__
110
98
1955
A Estonia
French
No.
110
of)—
f t
s
Sold
"110
A-O
J-J
Bonds
101
f I
a
3Vis extl
110
A-O
1962
(Republic
3s extl
,,
*106'/a
io<k2
4Vis
gold
El Salvador
114
J- J
I960
High
100% 100%
J-D
A-O
to
Foreign Securities
Friday's
*102%
F -A
1977
lADenmarfc 20-year extl 6s
6s 1942 (called bonds)
External gold 5Vis
T elephone
or
Bid Sc Asked
Low
Sinking fund 5 Vis
1953
ACzechoslovakia (Rep of) 8s ser A-1951
ASinking fund 8s series B
1952
Stamped assented (int reduced
REctor 2-2300
Week's Range
Last
Period
Exchange
High
External
jg
29
21
New York
Cuba
1960
(2121)
RECORD
NOVEMBER
January 1
Transit Unification Issue—
Corporate Stock
CHRONICLE
Range Since
Sold
Friday's
New York City
3 ft
FINANCIAL
Week's Range
Friday
New
&
50 Broad Si.. Now York 4,
Telephone lIAnover 2-0050
N. Y.
Teletype NY 1-971
30
(2122)
THE
COMMERCIAL
NEW
-
Friday
BONDS
Interest
Last
Week's Range
or Friday's
New York Stock Exchange
Period
Bale Prloe
Bid & Asked
Low
High
&
YORK
RANGE
FOR
WEEK
Bonds
Low
ENDING
A 8s
secured
external
1962
M-N
1962
Af-N
1958
J-D
1958
J-D
•Sydney County Council 3V2S
JAUruguay (Republic) extl
1957
J- J
1946
F-A
1960
Af-N
u
1
AExternai
sink
fund
AExternai
sink
fund
8s
6s
6s
3%-4-4YaS
•
External
($
1964
bonds of
1937)
.1979
19
8
Af-N
2
*120
—
-
20%
101 Va
121
1st
--
1979
J-J
1958
A4Vas assented
F-A
1984
(City) external 7a„
M-N
J-D
1978
F-A
88%
1958
89 Vi
*82
89
*__
88%
96%
96%
F-A
5%
6
M-S
1996
M-N
8c
F-A
102 %
100%
102
B
129%
102
j-j
AGen
mtge inc conv 5s
3%s ser B—___.
1997
1st mtge
Chicago Gt West 1st 4s series
AGen
17%
inc
4V2S
mtge
J-J
21
124
108 >/a
Af-N
1988
Jan 12038
32%
1948
Jf-S
1967
M-N
_1972
10011 100hh
*104%
__
J- J
1
*104
108%
4Yas__1975
A-0
*100
102
Alleghany & Western 1st gtd 4s
1998
Allis-Chalmers Mfg 2s debs
1956
Amer & Foreign Pow deb 5s
2030
American Telephone &
Telegraph Co.—
A-O
*86
88
Albany 8c Susquehanna
RR
__
M-S
*_.
Af-3
106 Vi
105
&
106%
109 Vi
104
__
_
99
106
101
122
85
108%
2%s
debentures
1980
F-A
93
92%
93 3 4
110
2%s
92%
103%
debentures
1975
A-0
94%
93%
94 %
176
93%
103%
2s/as
debentures
2%s
conv
1961
J-D
23/4S
debentures
198P.
A-O
93
92%
94
27/eS
debentures
1987
J-D
95%
94%
23/4S
96%
conv
1986
debentures
debs
J-J
89%
90%
68
89%
104% 105%
2,007
104%
92%
94%
J-D
108%
107% 109
2,814
107%
112%
A-O
102
101% 102
113
101%
105%
1969
Ann Arbor 1st gold 4s
A P W Products Co 5s
Atchison Topeka & Santa Fe—
General 4s
A-0
1995
101%
A-O
101% 102 Vi
Q-J
1966
I995
A-0
July 1 1995
July 1 1995
Atlanta & Charlotte Air Line Ry—
1st mortgage 33/4S
1963
*__
—
73
93%
—
Nov
Adjustment gold 4s
Stamped 4s
Atlantic Coast 1st
General
4s
cons
unified
4I/2s
July
1952
A
1964
119%
101%
106 %
84
*96
119% 120%
55
95 Va
95
97%
M-N
119%
118
108
M-S
102
J-D
100 Vi
109
29
108
119%
102
—
M-N
102
5
102
107
101V2 102
22
102
98
101%
107%
mortgage 4s
Atlantic Refining 2%s debs
98
J-J
32 %
32 %
33 Vi
6
28
41
J-J
19
19
19
0
17%
30%
1966
Second
51
1948
1948
Atlantic & Danville Ry 1st 4s
J-J
98
98
99%
43
111%
98
103%
conv
Fixed
at
S'western
4%)
Div
1948
1
mtge
(fixed int at 3%% )
A
1950
4V2S income
Feb 1 2010
Ref & gen mtge 5% (2% fixed
and 3% contingent interest) —
Series G
due Dec 11993
Series
due Mar
M
Ref & gen mtge 6%
and
3%%
Series
4s
81%
86%
78
79
101
88
83%
§ASecured
J-J
78
82%
Gold
Income
69 Vi
89
45 %
221
35
59
57
59 %
113
54
74
5
1st
59'i
m- a
59%
56%
59%
29
51%
73%
MS
59 Vi
56 %
59 Vi
146
52
1st
J-D
68
66%
68
55
60
84%
fixed
series
A
M-N
1959
J-J
79 V
4
82%
46
79%
97
77%
--
77%
3
77%
96
3 V8s
Con
ref
4s
&
ref
1951
Beech Creek
Extension
1st
3Y2S
J-J
1951
J-J
1951
Bell
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2Y2S debs
1961
Bethlehem Steel Corp—
Cons mtge 2%s ser I
Cons
mtge 2%s
1970
J
,
90 Vi
90
92
18
A-O
122 Vi
122Vi 123
10
M-N
95 Vi
95Vi
97
J-J
97%
97 Vi
98 V8
M-N
98%
100
122%
129
mtge 5s series AC
1967
1st mtge 5s series II
1955
1st mtge 4%s series JJ
1961
1st mtge 4s series RR
1960
Alnc mtge 4Y2S ser A
July 1970
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 4s debentures
1969
Gen mtge 27/aS
1976
Buffalo Niagara El 1st mtge 23/4s__1975
M-S
96%
96 Vi
4
95%
100%
97 Vi
103 Vi
97
2
*__
M-N
A-O
*—
92 7
8
104
96%
_
96%
J-J
81
80%
81
46
79%
91%
M-N
50%
50%
51
26
42
66
F-A
F
4'As series
5s
M-S
101%
101% 102%
J-J
96%
96%
Af-N
98
97%
99
3
96%
12
29
Buffalo Rochester & Pgh Ry—
101%
107%
96
103%
97%
104
modified
(Interest
at
to May 1 1947) due
{Burlington Cedar Rap & Nor—
3%
§ Alst
&
coll
Bush Terminal
Consolidated
1957
5s
1934
1st 4s
Af-N
60%
A-O
37%
1952
Bush Term Bldgs 5s
1960
gtd
J-J
36 Vi
60%
62
37%
55%
11
98%
89
8
87
4
105
87
105% 105 %
13
49%
66 Ya
32
45%
—
87
99
103
11
102
89
7
V
1057/8
Apr
61
62
285
J-J
60 Vi
J-J
J-D
83 %
101%
97%
86
88 %
319
66 Va
78 Vi
88
53*%
55 Vi
380
29
56%
61 Vi
88 Va
Af-N
60%
97%
*__
--
62
.
—
54 7a
__
14 Vi
13%
6
14%
191
42 Va
12%
89
J-D
101
—
*97%
—
J-J
101
99
80
J-J
--
80
*--
--
1
77
2
101
63
'27%
96%
105
100
93 %
76
--
80
85
1963
J-J
1962
D
J-J
J-J
1952
M-S
1—1 O ro
1st mtge
2%s
1975
w"
101% 102%
8
101% 101%
5
99
103
103%
6
103
108 Vi
103% 103%
5
103
107%
103
__
*25%
__
*25 %
__
Af-N
85
mtge gtd 3%s series E
1969
F-A
1974
F-A
1966
J-D
1993
34%
34%
%
51
60
28
99%
J-D
1961
2%s ser G
J-D
106 Vi
24%
--
99% 100 Vi
99 %
107%
24%
--
85
101%
85 %
105%
111
111
5
111
113 Va
100
100
2
100
105 Vi
100
97
80
80
81%
97
22
99
80
88
80
98 %
Cleve Cin Chic & St Louis Ry—
General
gold
5s
&
Cin
Wab
4s
series
impt
L Div
4%s
Div
coll
1st
Cleveland Elec
1993
series
Mich
&
tr
4s
D*3%s
Cleveland
1st
Union Terminals
1st mtge
M-N
J-J
1948
M-N
F-A
1961
65 %
82%
5
64 Vi
80%
86 Vi
96 %
27
103'/8
109%
5%s series A
1972
_
*100%
*..
.
104%
101
27
100
99
9
98%
51%
51
■—1980
M-N
debs—1971
M-S
A-O
M-S
*
Columbus 8c Tol 1st extl 4s_-—.—1955
F-A
*__
Elec
&
&
mtge 3s
Edison
River
Pwr
Consolidated
s
1st
Cigar Corp
ref
A
51%
31
103
44%
63%
102 %
106%
102
1
__
103'%
106 '/a
106 %
110%
114
114
114
A-0
J-J
M-S
A-O
J-D
M-S
JWJ
M-N
JD
1st & ref mtge 2%s ser C_^.—11972
Consumers Power 1st mtge 2%s__1975
Continental Baking 3s debs—
1965
Northern Ry
1st mtge
1966
1042
3Yas
1st
103 % 104 %
52
104%
—
1
—
103%
109 3
108 %
106 Vi
105% 105%
1982
1977
2%s ser B
Steel
_
*
1965
A
ser
103'/a
F-A
.
5%s
ADeposit receipts _1
1st 5s gold
—
ACuba RR
__1952
ADeposit receipts.
A 7V2S ser A deposit rets
—
—
102 Vi
102 Vi 102%
96
108%
105%
108
102 Vi
104%
102 %
104%
B
96
100%
27
96
94
9
94
101
97 Va
97 Va
98
94
98
7
97 Va
103%
54
100%
106 3 4
100%
104
100 Va 101 Vi
3
99%
0
--
97 7i
*53%
49'/a
23
82 Vi
1
4
35%
36%
38
37%
37%
63%
39
52 %
76%
86'/a
17
32
44%
38%
23
36
46
37%
3
36
45%
99% 100'i
J-D
M-N
43%
82 Vi
37%
Dayton Pr 8c Lt 1st mtge 2%s
1975
Dayton Union Ry 3Y4s series B—1965
Deere 8c Co 2%s debs1965
42
35 3
—-
103%
98% 1017/a
55
82 Vi
J-D
J-D
-i
15
43 %
—
J-J
1946
1946
B deposit rets
ser
107 %
106%
York—
—
Crucible
-
1953
3Y4s
New
mtge 2%s
1st &. ref mtge
103
'101%
F-A
J-J
1961
1977
3%s
debentures^
&
1951
ref 4%s
f
Consolidated Edison of
3%s
98%
Co—
series L
Conn Ry & L 1st &
Conn
3V8S
1st
Sou
Commonwealth
109
14
100
10018
extl gold 4s__1948
Ohio El 3%'S---.1970
Gas
104
108%
Ry—
modified)
(stamped
104
103%
100%
104% 105
A-O
A-O
4%s
102%
..
103%
102
A-O
1973
1977
Columbia
89
103% 104
Co—
5s series B
Southern
57
A-O
4%s series C
&
98 %
69%
64%
*87%
103%
1st mtge
Colorado
98 %
68 %
64%
1990
gtd 4%s
85 %
*99
69
1970
3s
gtd
Short Line
J-J
1950
Ilium
gold 4s
J-D
J-J
1991
E
1st
Cleveland & Pittsburgh RR—
Series C 3%s.gtd
-
Cleve
*80%
1977
B
27
72
25
101
87
A-0
13
101
A-O
1955
5s
58%
37%
88%
A-O
A6s
'
53
64%
Delaware & Hudson 4s extended—1963
Stamped
56%
67%
1963
part paid-
§ACuba
*103
45
49
Cine Gas & Elec
101
100%
*101%
32
Cincinnati Union Terminal—
103%
98%
100Vi
96 Vi
88
54%
257
A-O
1st
65
Boston & Maine RR—
1st
90
90%
--
78 Va
107
A-O
A-O
1976
ser
91%
*90Vi
~
88 Va
17
54
1943
Columbus
4s
stamped
44%
140
J-D
1994
series
Columbus & H V
Bangor & Aroostook RR—
71
71
1st mtge
1980
Toledo Cinn div ref 4s A
25
118%
79%
—
52
§ADebentures 5s part paid
1957
{AChoctaw Okla & &Gulf cons 5s__1052
—
due Dec 11993
West Va
2
67%
1951
2%-4V4s
5{AChilds Co deb
73%
(2%%
59
53%
1951
mtge
Series
J-D
100%
71
M-S
1st mtge 2%s ser G__
Chic & West'n Indiana conv 4s
St
73
43 %
94%
__
I960
115%
104
3
—
102
102
1952
5s
114%
97%
Apr
Apr
A-O
3%S
108
112%
Chicago Union Station—
•
71%
J-J
__J
4%S series A
132
__
*88
—
.—1934
Memphis Div 1st gold 4s__^
1951
Chic Terre Haute & S'eastern
Ry—
1st & ref M 2%-4V4S
•
1994
101
45%
May
deposit-
Chicago St L & New Orleans
Ref
88
1200o
contingent interest)
J
Pgh Lake Erie &
Ref
Vi
due Mar 1 1996
K
___1988
Certificates, of
AConv gold 4V2S
5%
Conv
Series
£'6
A-O
1989
SARefunding gold 4s
General
July 1 1948
1st
A-O
Jan 12044
4%s__Jan 1 1999
City Ice & Fuel 2%s debs
City Investing Co 4s debs_
Baltimore & Ohio RR—
mtge 4s
July
Stamped modified bonds
1st mtge 5% (interest
B_^_>
ser
AGeneral 4s
1st
1st
inc
72
{Chicago Rock Isld & Pacific Ry—
1st mtge
B
_1994
A__Jan 1 2019
ser
107 %
124
19
RR—
A
ser
mtge 4Y2S inc
mtge conv inc
1st mtge 3s ser B
132
116
Pac
2nd
102 %
1957
4s
&
4V2S
100%
1962
Amer Tobacco Co deb 3s
3s debentures
Paul
107
124
52
— mm
Chicago 8c North Western Ry—
101%
74
St
1st mtge
119%
48
89%
104%
Milw
Gen
100
101%
106
J-J
J-J
ser A
102
102%
54
—
J-J
1956
Chic
108%
100
106%
1983
2003
mtge 4J/2s inc
Chicago Ind 8c Sou 50-year 4s
High
143%
79
79%
J-J
A 2d
lOOJi
104
__
34%
71 Vi
Low
129%
37
j-j
Alst mtge 4s inc ser A
AND INDUSTRIAL COMPANIE
Adams Express coll tr gold 4s
Great Southern 3Y4s
Alabama Power 1st mtge 3Y2S
_
95
*116%
—
9
__
97'/a
95
—
Chicago Ind & Louisville Ry—
Alabama
--
97%
Range Since
January 1
124
,
*112% 115
__
Af-N
A
11
101
34
__1985
-,___1982
Chicago & Erie 1st gold 5s
21%
5%
F-A
No:
103 %
108
108
F-A
F-A
Sold
124
*__
—
J-J
Bonds
102% 103%
*__
1977
1970
High
129% 129%
J-j
1985
mtge 3%s
90
18
3
1958
4V2S series
ref
ref
Friday's
Bid 8c Asked
102
1st & ref mtge 2%s
Chicago & Eastern 111 RR—
100
93
84%
16
--
100
83%
4
90
*9%
86%
85
——
96%
*85
mm.
19
_1992
General 4s__.
130
1st &
M-N
or
Price
Chicago Burlington 8c Quincy RR—
^
—
140
6
93
_
*120
Last
le
Loio
Ref 8c impt M 3%s series E
1996
R & A Div 1st'cons gold 4s_n__1989'
2d consol gold 4s
1989
26
-
93
*120
__
10%
13
-
8
*__
Period
Chesapeake & Ohio Ry—
General gold 4%'s
Ref & impt mtge 3V2S D
10%
4%
3
Interest
Exchange
High
5
6
*11
1978
S%-4%-4fts extl conv
<4-4%-4Vas extl readjustment
3 Yes extl readjustment
a Warsaw
6%
5Vi
Friday
BONDS
—
readjustment
External conversion
»
*5%
--
21
New York Stock
Serbs Croats 8c Slovenes (Kingdom)—
A"7s series B sec extl
ASilesia <Prov of) extl 7s
^4 Yes assented
Monday, November' 24, 1947
RECORD
NOVEMBER
January 1
No.
BOND
Range Since
Sold
FINANCIAL; CHRONICLE
D
39
103%
97
106 Ya
A-0
99%
*
103 %
89%
89%
90%
99%
103%
__
99% 100
A-O
104%
103 Va
33
99%
105
45
90 %
99
Delaware, Lack & West RR Co—
■N Y Lack & Western div
California Elec Power 1st 3s
Calif Oregon Power 3 Yas
Canada Southern cons
gtd 5s A
Canadian National
1976
*_.
104
1974
103%
106
M-N
*__
1027i
1962
_
J-D
103%
107
A-O
99%
113
Ry—
1957
gold
Oct
5s
gold
43/4s
Guaranteed
gold
4Yas
1
1965
1st gold 5s
Tight 3YaS
4s
1st
<fc
ref
1st
series
1
112%
112 Vi 112%
9
112 Vb
119%
*105 Vi 106%
F-A
M-S
97 Vi
107 Vb
F-A
A-O
100 Vi
F-A
97Vi
ref
9
8
45
45
J-D
1987
J-J
73 V2
__
14
__
3s
gtd gold 4s_1949
page 32.
78
105%
102%
106
61
81
79
--
102%
mtge
*
J-J
ASecond
fixed
int)
Detroit Term
Dow
&
39
67%
t§ADul Sou
5
8
17%
Duquesne
74
I8V2
__
__
108% 108%
2
7%
42 %"
20
108
Tunnel 4Vis—
80%
120
78
897/s
49
52 %
277
38%
59 Ya
1993
J-J
109 Va
62%
J-D
50'/a
.1961
-Af-N
1S65
A-O
1965
2015
1964
1990
2000
1953
J-J
36%
El Paso & S'western
35
102
31
102 V8
33
108
105%
5?
107
(NY)
Gen
1st
mtge
cons
cons
1st
51%
104 Va
1st
5s
stamped
Erie Railroad
1st
101
85
96%
33
95%
38
73
30%
A-O
24
—
5
98%
85
M-S
5
103
16
95%
M-N
28
*100
98% 100
37
1958
27
39
99%
70%
63
1995
—1970
28
„
109 Ya
*65%
100
J-J
100
100 Vi
100 Vi
30
73 Ya
109
103
*56
1st cons gold 5s
Elgin Joliet & East Ry 3V4s
45
5
66
106%
J-D
& Ga Div 1st 5s
Fast Tenn Va
Ed El 111
99 Vi
98%
5
4
21
85
100
70
55
110%
94 Ya
101 Ya
38
100
100 Y4
114
121
66%
41
—
98%
98%
M-S
104
27
40
100%
67
108 Vi 108 Vi
103
17%
,
24%
102 Va 102%
66
M-S
J-D
F-A
25%
*44
J-J
80
52
1977
Light Co 2%s
72
*J
109%
--
80
85
88
102 ft
62 Ya
102
58%
Apr
96 Vi
32
F-A
49
*100% 102
—
Af-S
31%
24%
A-0
J-J
30 3 4
IO2V4 102%
54%
1961
Shore 8c Atl gold 5s—1937
31%
102 %
92
90
J-J
—1993
2.35s debs—
Chemical
•41
55 V2
56
77
1995
gold 4s
914
%
42%
2018
(3%
32
A-0
F-A
2042
1973
1966
Gen & ref 3s series H
1970
Gen & ref 2%s series I
1982
Detroit & Mackinac 1st lien gold 4s 1995
8 V2
14
1
22
Lake—
contingent
3%s series G
1%
1
Detroit Edison
914
*48
108 %
89 Vi
48 Va
80
51
54
—
(4Y2%
31%
1987
1974
63%
100%
Salt
8c
Income
107
110
M-N
.
mtge ser A
contingent int).
Denver
1121%
94%
107
80
50
M-N
West RR—
(3% fixed
contingent int)—
1%
AIncome
8
"4
J-J
A-O
23
101
*88%
A-O
A
see
& Light
Power
May
3s
Det Tol & Ironton RR 2%sser B„1976
F-A
1966
51
*60
70%
100% 101',2
*683/4
A-O
;_1946
98%
107%
107
*--
J-D
106
1987
Power
4-6s
1st mtge ser A
119%
A-O
F-A
1959
(4Y4% to Aug 1 1949)
1974
{ACentral RR & Banking Co
5s stamp (partial
redemption)__1942
Champion Paper & Fibre deb 3s___1965
For footnotes
112% 112%
M-N
1987
York
J-J
1959
B
A4s registered
New
tr
Delaware
113%
1945
{ACentral of N J gen gold 5s
A5s registered
Central
120%
1141%
money gold 4s__1951
Central Pacific
1131/8
109%
Nov 1945
A Ref &
gen 5Y2S series
ARef & gen 5s series C
AChatt Div pur
A General
23
108%
1956
{Central of Georgia Ry—
§ A 1st mtge 5s
§ AConsol gold 5s
Illinois
113 V i 113%
*109% 110%
gold 4 Vis
1951
Ry 4% deb stk perpetual
§AMobile Div
113%
*108% 109%
1981
Celanese Corp 3s debs
1965
Celotex Corp 3Y4s debs
i960
ACent Branch U P 1st
gold 4s„__1948
Central
J-J
J-J
J-D
1955
Carolina CUnchfield & Ohio
4s
Carthage & Adirondack Ry—
1st mtge gtd 4s
■
16
1969
Guaranteed
Pac
100% 101
1970
Guaranteed
Can
101
Coll
Denver 8s Rio Grande
Guaranteed gold 4Y2s
Guaranteed gold 5s
Guaranteed
1st & ref M 5s ser C i.—_—1973
AIncome mtge due
1993
& Essex division
Morris
cons
1st
Ohio
Div
*113
115
145
145
«
•
103
_
102
102%
~5
145
195
103
2
106%
102
112%
105% 113
Co-
inc 4Vis
series A
mtge 3 Vis ser E
mtge 3Vis ser F_—
mtge 3%s ser G
cons
J-J
mtge 2s ser H—:
1st,
mtffp
3%s_
63%
63 V:
*__
A-0
83%
J-J
J-J
84%
84%
54
59%
83%
1
83%
84%
2
63%
99%
99%
84%
81
102%
94 Vi
94
'
Af-S
M-S
*__
99%
99%
103
100 %
105%
Volume 166
THE COMMERCIAL & FINANCIAL
CHRONICLE!
Number 4649
;
NEW
YORK
RANGE
Friday
BONDS
Interest
Last
Week's Range
or Friday's
New York Stock Excbang*
Period
Sale Price
Bid & Asked
Low
Firestone Tire & Rub 3s deb—,—1961
M-N
tFIorida East Coast 1st 4'/as
1959
A 1st & ref 5s series A.
——-1974
J-D
A Certificates of
deposit
Francisco Sugar coll trust 6s
102%
102
49
Gas & Elec of Berg Co cons 5s
-.1949
*
J-D
Low
102 ft
BONDS
49
81
Lorillard (P) Co deb 5s
3s debentures
Louisville Gas & Elec 3Vis
48%
1
101 Vi
103 %
,
Sale Price
104
M-S
84%
S'4%
85
10
77
86%
mtge
2%s_1965
M-N
98%
98%
98%
21
98
103 Vi
Grays Point Term 1st gtd 5s
1947
J-D
..1952
J-J
1951
F-A
.".1963
Goodrich
Great
(B F)
Co
Northern
General
5s
series
series
B
C
1973
mtge 3%s
ser
113%
125
J-J
1990
113
1st
&
ref
M
3%s
series F
125
J-J
N
-
-
98
98 %
A-O
101
101
101
108%
A-O
"88
91
91
1980
1955
m-b
"96%
99%
96
M-N
110% 110%
98%
103%
112 Vi
98%
1st
Ref
&
91%
99
62
65
J-J
2010
J-J
81 %
81
81 %
2
ser
R_;
—1961
J-J
91
91%
91%
10
ser
AGreen Bay & West deb ctfs A__
ADebentures ctfs B
Greyhound Corp 3s debs
Gen
'
I,
89
Feb
_
Va
*62
_
Feb
1959
8 %
8%
30
101 Vi 101%
A-O
5
7%
9%
1975
J-J
69
1969
A-O
.2044
B
ser
J-J
2015
__
3%s series D
mtge inc 4s
3 Vis
impt 4 Vis series C
Util 1st M 25/as_
-.1976
—
*96
.
%
98%
95
52%
54
97
—
67
2
%
95
144
97
Vi
52%
97
3
86%
101%
Missouri-Kansas Texas
H
M-8
J-J
*119
Household
1970
J-J
*96
1962
j-D
1949
M-N
1957
f-A
63 Vt
60%
64
397
48%
20
18%
20%
560
13%
23%
2%s
Hudson Coal
1st s f 5s series A
Hudson Co Gas 1st gold 5s
Hudson & Manhattan 1st 5s A
a
Adj income 5s
Feb 1957
85 Vi
87
24
79
MS
1st
gold
series
4s
A
i95i
i
1st gold 3 Vis
Extended
1981
1951
1st gold
3Vis
98
98
j.j
'103
j.j
1951
gold
3s
Collateral
sterling
trust gold
Refunding
4s
'101%
A-O
4s
1955
Refunding
4s
90
95%
97
%
Springfield Div
Lines
1st
1st
1st
gold
gold
93
45
89
100 Va
105
105 %
11
98%
106
77
78%
40
67%
J-D
84%
106 ft
108%
j-j
98%
100%
98
100
>
__
J-j
97%
F-A
"97
4 Vis
series
96%
j.j
100%
1951
j-j
F-A
1963
series
A
C
J-D
88-%
87%
J-D
82%
81
1963
1963
105
101'A
II
101%
99
--
89
66
81%
39
73
77%
97%
98%
100
J-J
103
163%
101%
98%
J-D
95%
A
July 1952
B
Rys Cent Amer
A-O
1956
1st
5s
B
J-J
1944
A-O
1972
18
20%
21%
21%
J-J
1956
58%
M-N
X48
47 Vi
46 Vi
48
65
43
58%
72
70 Vi
74%
57
69%
95 ft
J-J
79
75
79
41
75
96
65%
7
J-J
65%
61
85%
f
1978
J-J
70
68
70
45
68
86 Va
j.
A-O
51%
51ft
53
106
48
82 ft
F-A
72%
77 Vi
60
33 Va
35%
250
18%
39%
77%
253
62'A
85
ref 5s series G
1978
M-N
7 2'A
X71%
77
63
84%
gold 5%s ser A
ref gold 5s series H
ref 5s series I
&
&
14%
3
40%
3
42
89
68
102% 102%
2
99%
Jersey Central Pow
Jones
&
27/es
& St
Laughlin Steel
3
1978
M-S
Vis
1961
J-J
1st
Tel & Tel 5s A
4Vis series B
gtd
debentures
3s
59%
Orleans
RR
Junction
J
22
97
22
96
102
A-O
1975
A-O
1974
A-O
1st mtge 4s ser A
Kansas City Terminal
Ry 2%s
Kentucky Central gold 4s
Kentucky & Indiana Term 4 Vis
4Vis
1987
96%
97%
105%
103%
j-j
112'% 112%
j-j
1997
A-O
1959
50
mtge income reg
A-O
F-A
& Imp
of
183%
102%
3
1 %
17
1
%
of
Certificates
A 1st
A 1st
A
deposit
1st & ref
sink fund 5s__
5s stamped
1st & ref sink
5s
F-A
1958
F-A
deposit
of
A-O
1954
5s
Ref
5s
&
99%
101 Va
stamped modified
4s
4Vis
Zl954
2003
registered
stamped
4 Vis
registered
3%s
Mich Cent coll gold 3Vis
3Vis
2003
registered
2003
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
Long Island unified
4s
ref
1962
4s
registered
N Y & Harlem
gold 3%s
Lack &
trust
A Debenture
1st
ref
&
A
series
4s
West
§ACollateral
82
84
85%
7
82
87
63
18
58
66
27
•64%
64 Vi
32%
31
4s
33
92
28 Va
42%
28 Va
30%
10
27
M-N
39 Va
34%
35%
40
30%
30%
4
M-TS
40%
38%
40%
23
A-O
67%
67%
67%
5
A-O
A-O
M-N
—
121
121
1
--
111
111%
5
—
--
—
see
page
1949
32.
M-S
MS
99% 100%
M-S
100% 100%
98%
130
97%
5
99%
62
97%
97%
*
92
99
80
97%
81 Vi
101%
83
94
95 Va
18
79
126
86
106 V2
101%
90%
102%
87
102
83 Vi
86
92 Va
Vi
78%
__
106 7/a
105%
102
102%
*86
97%
90%
61%
82%
72%
92 ft
J-J
J-J
F-A
82
30
80 Vi
F-A
F-A
F-A
61
1980
J-D
A-O
A-O
F-A
M-N
J-J
'
81
A-O
M-N
J-J
May
2007
4s ser A
82'/a
"77%
80
81%
96
78%
94
66%
66%
2
66
81 Va
61
62
2
61
74 »/a
62
67
4
62
*60
62
__
92 Vi
92%
88
87
88
21
92 Vi
92 %
94
5
99%
99%
99%
*101
__
a
112%
64 ~
a
>73%
67
67
9
9
1
21
4
92 %
87
101%
97'i
92 Va
101 Va
99
103
103
110ft
110
_.
46
80
64%
80
68 %
74%
9 Vi
77
72 ft
103
__
65
72%
62
57
__
108
*101
J-J
1957
:
mtge
mtge
conv
inc 4%s ser A-2022
1953
Light 1st mtge 2%s_1975
& Putnam 1st cons gtd 4s—1993
M-S
A-O
1954
—
General
4s__
Power &
Steam
&
Corp
gold
Gas
85 %
53 Ti
9
83
20%
64%
63 %
65
896
60 Va
28 Vi
26%
29
1,129
26%
38 Vi
96 Va
97
6
96 Va
104%
J-J
1963
4Vis
N Y Telephone
2%s ser D—
t§AN Y West & Bost 1st 4%s
1937
—'-1940
1943
1982
~8%
70
.
,
F-A
F-A
M-N
J-J
14
70
4%
70
3
5ft
98 Vi
12
97
104'/a
61%
61%
5
59
8%
A
99
105
105
*36%
J-J
.
8
8%
4
97'
4'A
97
J-J
1977
2%s
1st 3%8
§AGeneral gold 5s
§ATerminal 1st gold ,5s
A
*70
M-S
108 Vi
AGen mtge 5s conv Inc
2014
Norfolk & Western Ry 1st gold 4s_1996
127
10
77
103 ft
103 ft
105
107
29'A
39
43
__
15
3
9%
96%
83
83
98%
19
8 Va
9%
181
108 Vi 108%
9
9 Vi
J-J
__
96%
96%
1968
105
34
15
1946
82
Niagara Falls Power 3Vis
Southern Ry Co—
North
Gen
Central
&
Prior
4s
lien
4s
45%
General
32%
43
lien
M-S
Q-J
417/a
42 Vi
42%
38
127
127
20
A
126 Vi
__
_
8Vi
107 Va
17 ft
92
101%
20%
109
99'A 102
102
33 Va
15
136 ft
126 ft
126ft
103%
109'i
97 Vi
96
97%
11
96
Jan 1 2047
Q-F
65 Vi
63 Va
65 Vi
23
60 ft
3s
111
116
registered.
Ref & impt 4Vis series A
Ref & impt 5s series C,
Ref & impt 5s series D
Coll trust 4'fts
—.2047
2047
2047
2047
Q-A
J-J
J-J
118
118
.
-
*61 Va
88%
90
91 Va
61
65
128
99'A
Q-J
1997
48ft
127
128
120
Railway—
registered.
31
1974
1997
series A
A-O
A-O
M-S
1974
& ref 5s_
gen
ref 4 Vis
Northern Pacific
___1949
gold 4s
76
64%
M-N
--
104 ,V,
97
97%
98%
78 Vi
Norfolk
J-J
_
101
65
64'/a
1940
6s
4s
87
61
33%
31
151
M-N
M-S
J-D
1st
87
84%
—
102%
7b 105%
101 Vi
105
103
2000
2043
2043
Mtge 4s series A
Mtge 4s series B
83
61
1949
stamped
For footnotes
*83 %
101%
133
3s ser F
1988
Connecting RR 2%s ser B—1973
N Y Dock 1st gold 4s
1951
83 Va
.
84%
F-A
2003
modified
5s stamped modified
Guaranteed
f-A
1974
gtd 5s
2
106
63%
91%
101%
_
105
102
102
78
tN Y Susquehanna & Western RR—
§ 1st refunding 5s
1937
100%
__
100%
3
100 Vi 101%
102
102
1997
1997
1998
1998
1998
1998
registered
§A2d
£'8%
1017/a
109
68'A
Y
101%
100
103%
62
Y State Elec
75%
*85 Vi
*103% 104%
7 5 Vi
N
96-
*85 Vi
101 Vi
67%
N
10
100
21
90
63%
99 ft
22
Lehigh Valley Ry Co NY 4Vis ext_1850
Lehigh Valley RR—
4s
»-* O CO
97
1974
stamped
Leh Val Harbor Term
89%
9()
91%
F-A
124%
101 Va 101%
101 %
t A Harlem River & Port Chester—
96%
1964
119'A
Central & Hudson River RR—
3%
91
1964
stamped
1st & ref sink fund 5s
106%
109'A
1
75 Vi
AGen
1%
*99%
105
68
105%
96%
_
101
6
105
A-O
A-O
187
91%
_
101
99
119% 119%
M-N
ny
F-A
99%
103%
F-A
4Vis series B
1973
JN Y New Haven & Harford RR—
A-O
1954
106%
1998
impt 4%s series A
impt 5s series C
101
12
99%
104 %
2013
2013
series. A
4s
&
123%
68 Va
99 %
103
105
105
—
—
180
--
68
1
—
Certificates
Cons
Ref
108
4
98%
M-N
„_1970
1954
fund
90%
90
74
101 Va
York Central RR Co—
New
N Y
89%
A
--
63
103% 103%
1
series A
of deposit
5Vis
A-O
1956
series D
4Vis
Certificates
92
33
103
*90
A-O
1954
C
A 1st 5s series
97%
99 % 100
103
deposit
5s series B
Certificates
A
N Y
j.n
j.n
*92
99 %
103
deposit
of
Certificates
A
A 1st
112% 112%
102% 102%
102
53
RR—
& Northeastern
1973
1975
Lehigh Coal & Navigation Co
S F mtge 3 Vis scr A_
Lehigh Valley Coal Co—
93
J-J
J-J
a
A 1st
59
13
M-N
tAN Y Ont & West ref 4s___June 1992
1997
65
8
94%
N Y
53
"168
102
1T-S
1997
37
64%
93
1952
1953
tNew Orleans Texas & Mexico Ry—
§ANon-cum inc 5s series A
1935
105
L
Lake Sh Sc Mich Sou
gold 3Vis
3Vis registered
Lautaro Nitrate Co Ltd—
70
63 Va
—
105%
106%
102
A-O
1964
68
64%
100%
106%
*40
103%
69 Va
122
j-j
JmJ
78
106
100%
57
J-D
A-O
J-O
M-N
J-D
J-D
4%s series A
New Orleans Term 1st gtd 4s
Ref
104%
96%
J-J
.1961
lgei
unguaranteed
Kings County El L & P 6s
Koppers Co 1st mtge 3s
tAKreuger & Toll 5s ctfs
100%
4
104
1961
—
105
35
103% 103%
97
60
104 Vi
__
__
55%
M-S
93
100
__
12
85.
54
F-A
N Y
97%
;i961
Stamped
P am
*—
*100%
32
84%
M-N
1st mtge
J-D
Va
63
M-N
1980
New York Chicago & St Louis—
Ref mtge 3Vis ser E
A-O
15
62 ft
55 Va
J-J
104 %
K
Kanawha & Mich 1st gtd gold
4s__1990
Kansas City Power &
Light 2%s
1976
Kansas City Southern
Ry 1st 3s
1950
62
103
__
*102
1974
105%
12
70%
61
*
_
1983
New
105
73%
102'% 102%
61
M-S
1982
.
New
59%
96
96
151
108
J-D
1952
1961
gtd 1st 4s.
Jersey Power & Light 3s
Orleans Great Nor 5s A
N
106
72%
102%
52
77%
M-N
ser
Lake Shore coll gold 3%s
J-D
23%
77 Vi
x71%
F-A
1953
New England
3Vis
1959
22 Vi
X71 Va
72 %
M-S
& Tel 25/aS—.1986
General mtge 3 Vis
Frankl & Clear 1st 4S
22%
72%
85
N
N Y
James
67
M-N
F-A
B
1986
National Dairy Products 2%s debs_1970
National Steel Corp 1st mtge 3s__11965
National Supply 2%s debs
1967
ANaugatuck RR 1st gold 4s
1954
Newark Consol Gas cons 5s
1948
30
68 %
62'A
A-O
1949
1980
1981
gtd gold 4s—1991
4 Vis series B
M
1st mtge 3s
65%
128
x47
68
X72
Nashville Chattanooga & St Louis—
<-<■
76 ft
72 ft
Northern States Power Co—
38%
52%
67
80
121
101%
99%
100%
128%
102%
104
104
|
64
X71%
Mountain States Tel
98
43
x48
x47
68
97
J-J
Monongahela Ry 3%s series B
1966
(John) & Co 3s debs.—,—1958
Morris & Essex 1st gtd 3%s
2000
Cons.tr M 5s series A
1955
101%
97%
x50 Va
58%
88 Vi
34%
A
J-J
43%
24
72'A
101 Vi
99%
—
89
1962
4s
Moh'k & Malone 1st
85%
95
__
08%
MS
92%
70
__
89
M-S
A
1952
Adjustment 6s series
series
97
—
82%
J-J
1950
97
__
"98
J-D
1970
11
100%
1962
New
J-J
"100
5s
98%
100
1951
A 1st gold 5s series C
§ AInternat Hydro-Elec deb 6s
Int
106 % 109
111
99%
1975
A 1st
100
97%
1951
3Vis
6s series A
5s
102
93 '/i
Ref & Imp 2Vis ser C
1986
^International Great Northern RR—
A
100%
98%
105 V.
1951
4s
Indiana 111 & Iowa 1st gold 4s
Indianapolis Union Ry Co—
A 1st
93%
1951
1st ref mtge 4s ser D
Illinois Terminal Ry 4s ser A
A 1st
19
M-N
Chic St L & N O—
ref
ref
101%
F-A
Registered
&
71
93%
m-N
94
95 i
80
106%
J-D
102
3
98%
104
2
100%
54%
54%
A-O
101%
1950
3s
Louis Div & Term gold 3s
Gold 3 Vis
Cent and
97%
99'/8
5
13
105
1966
Louisville Div & Term gold
3Vis_1953
Div 1st gold 3s
1951
1st
96%
j-j
Omaha
Joint
96
105%
1955
Cairo Bridge gold 4s
Litchfield Div 1st gold
111
99%
__
83
107'% 107%
.1977
A 1st
109%
1953
5s
40-year 4%s
Western
101%
__
71
m-N
1952
Purchased lines 3Vis
Collateral trust gold
102
„
jj.3
1952
__
98
102%
ref 5s series F
Constr
24
a-o
1951
98%
__
1st
St
J-J
106 ft
98'/a
*98
J-J
Morrell
Illinois Bell Telep 2%s
Illinois Central RR—
99 %
83
107 Va
100%
6
__
99%
83
18
AConv
102%
106%
'100%
j-j
103%
A 1st &
140%
96%
"106 % 106%
100%
100%
RR—
series D
4%s
lien
A General
102%
131ft
97
80
95 Vi
A 1st &
64
A-O
Corp
93
78'A
15
1990
B
series
4s
40-year
101%
1999
Finance
100% 100%
100
M-S
Jan 1971
Jan 1991
5s series A
Prior lien
72%
Hocking Valley Ry 1st 4 Vis
96
77%
102
97 Va
Minn St Paul <fc Sauit Ste Marie—
Hackensack Water 1st mtge 2%s._1970
25
81 Va
101%
A-O
adjust 5s series A—Jan 1967
^Missouri Pacific RR Co—
A 1st & ref 5s series A
1963
97
66 Va
2
80
95 Vi
M-N
ACum
96
67
J-D
—
Prior
96
83
95%
MS
mtge 4%s inc ser A
AGen mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
73
99%
*23
Michigan Cons Gas 1st mtge 3%s_1969
1st mtge 2%s
1969
J§AMidland of .N J 1st ext 5s
1940
105%
96
*4
95
53%
M-N
69 %
95
——
68 Vi
M-N
J-J
M-N
104'A
100
72 Vi
*._
83
1952
1979
1st
mtge inc 5s series A
Gulf States
-
95 Vi
Ohio RR
1st & ref 4s series B
ref
1
A
72 Vi
M-N
1972
1968
gold
91
.1982
1st &
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s—1950
Michigan C"%ral—
Jack Lans & Sag 3Vis
1951
104'A
J-J
P
Q
Gen
133 %
129
May Dept Stores 2%s debs
1st mtge 3s
89%
2000
ser
ser
Mobile &
117%
Mead Corp
95%
O
mtge 2%S
Gulf
101%
81
mtge 3Vis
110%
M
J-D
r
104%
mtge 2%s
Gen mtge 2%s
Gen
106
2003
98
Gen
107%
2003
4
Gen
High
115%
1st & ref M 2%s ser Q
125
17
,
Low
101%
105%
1
113%
6
113% 113 %
Range Since
January 1
110%
113
107% 107%
J-D
113
38
Sold
No.
13
1960
101%
—
113
J-J
.1976
General 4%s series D
Gen
—
Bonds
101% 101%
1st mtge & coll 4s ser B
..1954
Manati Sugar 4s sink fund__Feb 11957
AManila RR (Southern Lines) 4s—1959
Ry Co-
5%s
General
1st
*110
High
M-S
I960
Maine Central RR 4Vis ser A
;
Friday's
A-O
■
105%
1969
debs
inc
conv
or
Bid & Asked
St Louis Div 2d gold 3s
Atl Knox & Cine Div 4s
65%
106
General Realty & Utilities CorpA4s
Week's Range
Last
Period
Louisville & Nashville RR—
72%
2
Interest
Exchange
Low
105%
'
.
New York Stock
103%
49
31
High
100'A
31
RECORD
Friday
1
102% 1.02%
BOND
ENDING NOVEMBER
Range Since
31
55
53%
M-N
WEEK
January 1
No.
102
48%
M-S
Sold
102% 103
-
1956
High
Bonds
FOR
(2123)
3s
(Minn)
1st
mtge
2%s
1st
mtge 2%s
(Wise)
1st mtge
2%s
.1973
1974
—1978
—1977
J-J
M-S
F-A
A-O
A-O
94
%
941
99
97
a
25
88%
101
94 Vi
139
91 Vi
104
92%
95
139
92
103 Va
98%
99 Vi
98%
103 Vi
98
90
98
2
98
104 Va
97
97
10
97
104 Vi
98%
101%
98 Vi
50
--
i
THE COMMERCIAL" & FINANCIAL
CHRONICLE
(2124)
32
NEW
YORK
RANGE
Friday
BONDS
New York
Interest
Last
Period
Stock Exchange
Sale Price
FOR
WEEK
BOND
ENDING
RECORD
NOVEMBER
or
Friday's
Bid & Asked
High
Bonds
January 1
No.
Low
BONDS
New York Stock
Interest
J-J
1974
MS
1975
12
ll7/a
12
17
Union
Oil
2 Vis
debs
8i
ref
3'As
ref
3s
series
81
ref
3s
series
1st
&
ref
1st
&
ref
3s
1st
&
ref
3s
&
ref
2%s
series
Pacific
Tel
2%s
A
series
Tel
A
3'As
99
103%
1976
J-D
93'A
93'A
94'A
82
93'A
100%
101% 101'A
3
107%
South & Nor Ala RR gtd 5s
103*4
3s
106%
2%s
debentures
1985
debentures
1987
4s
series
E
Pacific
Gold
108%
San Fr Term
4'/as
1981
1st
mtg3%s serA-1975
Jf-N
93'A
MS
92
101% 101%
1st mtge 27/8s ser E
1st mtge 2%s series P
1986
109%
1996
101
109 %
97'A
1st mtge
1961
1
96
104
95%
94%
104'/a
Devel &
A-O
97%
1994
1956
J-J
19
J -J
—
—
Jf-fl
—
17
103% 103%
1
Airlines—
A-O
42%
43%
114
*101% 107
J-D
--
*103%
79
83%
83%
3
100
98%
100
104
cons
85
J-J
81
81
*__
116'/a
91
94'A
80'/a
89%
91%
94'/a
114% 116'/a
92'A
87
81
94'A
92'/a
38
114'A
128
87
91
103%
A-O
105 % 1051/s
3
103
116%
1958
A-O
110% lll'/a
12
109
103%
106%
1998
1951
J-J
108'A 108%
20
108'A
117
4
103
105'/a
28
97
104%
"5
102
41
1
67
gen
&
6Vis series A
Memphis Div 1st gold 5s
St Louis Diiv 1st gold 4s
gen
Southwestern Bell Tel 2%s debs—1985
Spokane Internat 1st gold 4Vis—2013
101%
__
108
Standard
Oil
102%
104%
Standard
Oil
99%
106%
Sunray Oil Corp 27/as debs
Swift & Co 2%s debs
99%
—
102
A-0
A-O
ig48
MS
101 %
101% 101
9
1948
MS
101%
101 %
101% 101%
1
i960
P-A
101%
21
110
122Vi
of
55
99%
97
102
97'A
*49
65
102
Apr
1966
j-j
1973
102
j-j
2019
1985
J-J
1965
MS
1970
102
r-A
1966
23/as
deb
MS
1971
2%s debs
Calif
(N J)
A-O
9 3'A
103%
113% 115%
99% 100%
102
96
J-J
45'/a
121
56'A
105
A-O
*98%
105
102
1956
1973
—
97
102%
Devel
1965
100%
93%
92'/2
93
90%
Co—•
gold 5s
4s series A
1st
82
Devel & gen 6s series A_.
1st mtge 3s
f debentures
103%
81
833A
103%
3s
s
104%
96%
104
96
A
MS
94%
10
104
*104
41%
RR
2'As ser G
Ry
109%
68
967/a
91'A
J-J
Pacific
Southern
126
101
95'A
102
J-J
3
Southern
126
100'/a 100%
100'A
J-D
109
96
A-0
1952
1969
109
101%
109%
94%
ctfs
9
101
97'A
trust
Gold 4Vis
108%
__
101
95
93
94%
*81
jf-s
102%
J-D
Pennsylvania Glass Sand 3'As
I960
Pennsylvania Power A Light Co—
1977
4
1985
i960
A
11
97 %
997/a
Co—
(Oregon Lines)
59
101%
93'/a
96 7A
94%
J-J
101%
J-D
1955
1994
103
J-D
5s_1949
Ry 2%s
P-A
102
1981
125
*124
J-J
103
1977
Pennsylvania Co—
Gtd
Indiana
A-0
J-J
101
P
cons
1963
1979
debentures
101
—
101%
93%
Southern Bell Tel & Tel Co—
103
102% 103
N
inc debs
conv
J-D
*108%
J-D
1980
Pennsylvania-Central
—
J-D
f gold 4'As
s
__
1974
Paterson & Passaic G & E
High
10
96'/a
103 '/a
1979
debentures
Paducah A 111 1st
40
99 '/a
94%
7
L
23/4S debs
2
99
2
96
M
series
41 Va
99
35
97
94%
J-D
1971
41%
J-J
19
103>2 103%
jr-D
1970
K
series
1st
3s
1968
J
94
1965
1st 4Vis
series I
81
1st
Low
93'A
Skelly Oil 2%s debs
Socony-Vacuum Oil 2Vis
Co—
1st
January 1
No.
P-A
10
102
97
r-A
A-0
1st
Range Since
Sold
1941
Southern
A Electric
Bonds
High
A-O
Southern
Pacific Gas
Friday's
1971
101%
*100
A-O
1975
3s ser A_1960
Oregon-Washington RR
qr
Bid & Asked
Low
2%s
1st mtge 2%s
Oklahoma Gas & Electric 23As
Sale Price
t§ASilesian-Am Corp coll tr 7s
1948
Ohio Edison 1st mtge 3s
Last
Period
Exchange
High
lOgdensburg A Lake Champlain Ry—
4s
Week's Range
Friday
Range Slnee
Sold
Shell
guaranteed
21
Week's Range
Low
A 1st
Monday, November 24, 1947
93 %
94'/a
69
93%
*100
106 Va
99%
101
103%
100
98'/a
103%
Pennsylvania RR—
Consol
4s
gold 4s
sterl
Cons
stamped dollar
sinking
General
fund
4'/is
General
5s
General
series
4'As
Gen
series
deb
Gen
A
1965
series
E
J-D
105%
A-O
1984
3 Vis
4s
ext
Alncome 4s
Marquette Ry 33/as
102
55
92
96'/2
5s
series
95
78
91 '/a
95'A
97
66
95'/a
78 %
33
77
A-O
101
61
61%
18
59
75%
17
17%
12
12'/a
39
20
100 %
Apr
D
1980
MS
*106% 106%
100%
100% 101%
106
118'/a
1181/4
106%
1st &
ref
1974
1977
4 Vis
J -J
J-D
99'A
1967
M-N
ZZl974
99%
M-y
ref
2%s
&
ref
2%s
&
ref
2%s
1981
t§APhilippine Ry 1st s f 4s___ZZZl937
A Certificates of
deposit
Phillips Petroleum 2%s debs
1964
Pittsburg Bessemer & L Erie 2%s_Zl99fl
Pgh Cine Chicago & St Louis
Ry—
Cons gtd 3Vis series E
Cons gtd 4s series P
series
Pgh Cine Chicago & St Louis
RR—
Gen mtge 5s series A
1970
Gen mtge 5s series B
1973
Gen mtge 3%s ser E
Zl975
P ttsb Coke &
Chem
1st mtge 3Vis_1964
Consolidation Coal—
debentures
Pittsburgh Steel
1st
1965
1st
& West
4Vis
mtge
mtge 4Vis series
__
P-A
1950
B
100
J-D
—
P-A
1964
1950
__
__
MS
—
P-A
—
P-A
--
J-D
105%
A-O
104 %
A-0
—
J-J
102'A
J-D
102
J-D
A-O
ZZl960
1st mtge 4Vis series C
114
120
126%
98%
105
108%
99
60
99%
47
100%
98%
Term
E
ser
99
99
5
99%
105
12'A
1
99% 100%
*—
*102%
*106
*__
100
__
67
—
107%.
—
107% 107%
118
*110
118
102% 105%
102% 104%
7
—
--
*1027/a 104
A-0
78%
8
11%
99%
99
100%
79
86
77
79
85 '/a
34
59'/a
64'/a
792
41
100 Va 100%
7
96
Jf-fl
*103%
Jf-fl
4s
series A
l*t
gen
5s
series
5s
series
C
P-A
J-D
107%
107%"
112
121%
118
*118%
^1960
J-J
87
102%
100%
103%
J-D
98%
9834
99
—1975
P-A
98'A
98%
—1991
Jf-fl
89%
—1968
A-O
Union
Pacific
102
2'As series C
2%s
1976
2%s debs—
S Rubber
108'A 109'A
34
108'A
112%
100
100
6
100
104 %
10L
__
J-J
102'A
4
102
105%
8
98%
99%
11
98'A
90'/a
95
89 %
98%
46
99%
103%
10
93%
100%
98'/a
100'A
98'A
102%
104'/a
1967
debentures
89%
100
93%
Jf-N
93%
A-O
*95
100
93%
98
106%
Universal Pictures 3%s debs— —1959
Jf-8
99'A
99'/a
2
V
Vandalia RR
Cons
g 4s series A—1953
series B
1957
cons
f 4s
s
P-A
*105
Jf-N
*__
—
108
__
107
Jf-S
104
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5s__1949
Jf-S
2003
J-J
*._
Ill
1958
A-O
*98
100
Virginian Ry 3s ser B
1995
Jf-N
97
99
—
*99% 100
Va & Southwest 1st gtd 5s
1st cons 5s
—
109'/.
—
Virginia Electric & Power Co—
105%
75
73
98'A
97
98%
40
98 %
104%
98%
100%
107%
_
111
98
20
106
97
„
106%
91%
73
98 'A
92
91%
101%
103
115
117
—
MS
1956
__
MS
*105'A
—
4
—
P-A
1957
--
___
*—
14
*90
*—
107%
MS
*--
106
2037
J-J
*140
164
—
100
J-J
1972
,..1068
1st A ref
mtge 8s
70
RR—
debentures—
Ref mtge
108'/a
Jf-N
104
105%
100% 101
J-J
1977
Public Service El & Gas
3%a
1st A ref mtge 3s
1st & ref mtge 5s
97%
100'/a
100'A
105%
119V4
*115
J-D
1984
4s
104
__
1970
debentures-
2%s
U
101
*115
1974
Terminal
79'A
U
115%
102%
*101% 1023A
Zl977
1st gfcn 4Vis series D
APlttston Co 5Vis inc deb
Potomac El Pwr 1st M
3*48
1st mortgage 3V4s
IA Providence Securities
4s
IA Providence
J-D
1962
B
gen
99'A
137%
w
1948
1st
~
97%
Pitts Youngstown &
Ashtabula Ry
1st gen
104
82'/a
A-O
107
9
—
101'/a
*101'/a
64%
of Mo
Co
Electric
United Biscuit 23As debs.
1
36
105
83%
125%
22
96'A
J-D
1st
106
127%
9
33
97
3%8— —1971
—1975
mtge & coll tr 2%s
—1967
Union Oil of Calif 3s deb
Union
102%
101%
—
126'/a
96%
J-D
104 7/8
101%
7
102
*78
78
14%
40
102% 103
101
9
51
89
92%
3
A-O
3%s_1960
Trenton Gas & Elec 1st gold 5s—1949
Tri-Contlnental Corp 2%s debs—1981
106
--
103'/a
19
J-J
Tol & Ohio Cent ref A lmpt
102%
__
96
95%
1960
Jan 1960
27/8s
110
94%
1974
1st ref 4s
105%
11%
107%
126% 126'/8
J-J
105%
6
99%
*10
129
106%
104%
34
Pacific—
of New Orl 3%s
RR
120
101
101
105
96
95
A-O
J-D
1985
gold 5s
Pacific-Missouri
Texas
105
105%
51
99
99%
103% 103%
J-D
1959
130
106% 107
89
MS
1958
123'/a
*112
jr-N
Virginia Ry
1st mtge 4 Vis
series A
1st mtge 4Vis series B
121%
12%
J-D
ZZl960
ZZl963
1st
Pacific
&
Gen & ref M 3%s
105
99
__
J-J
1949
1957
J
Pittsburgh
107
J-D
1953
G
Cons gtd 4s series H
Cons gtd 4 Vis series I
Cons gtd 4 Vis series
3Vis
*—
.
1961
1st
Pittsburgh
*115
1971
1st
gtd 4s
P-A
J-J
1990
2000
1st & ref M 33/as ser C
Texas
117
*99'/
104%
A-O
RR—
1st & ref M 3'As ser B
AAdj income 5s
Co—
2%s
1st &
Cons
Texas Corp 3s deb
Texas & New Orleans
Third Ave Ry
B
tr
imp M 4s ser C
series D
Ref & imp 2%s
103%
78
__
P-A
General gold 4Vis series C
Philadelphia Co coll
Philadelphia Electric
Ref &
125'/a
Phila Bait & Wash RR CoGeneral
00
Terminal RR Assn of St Louis—
118 v#
92%
1974
ser
101
94'A
J-J
5Vis
Union Ry
102% 106
96%
J. J
Apr 1990
Peoria & Pekin
188'
95
A-O
i960
97% 101
104
92%
1985
F
ser
32
95
1952
mtge 3VaS
Peoria & Eastern
Pere
101
1981
D
J-D
1968
B
series
mtge 4'As
Conv
4Vis
2037
J-D
98%
101%
106%
107%
113
113
10.
17
108%
—
111
106
108%
162
*220
164%
237
--
242
Wabash RR CoGen mtge 4s inc ser A
Gen mtge inc 4'As ser B
1st mtge 3'As ser B
Walker
Jan 1991
1971
(Hiram) G & W 2%s debs.1968
Walworth Co
Ward
Jan 1981
debentures 3'As_1976
conv
Baking Co—
(subordinated)—
5'As debs
1970
Warren RR 1st ref gtd gold 3'As__2000
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—.1970
Westchester Ltg 5s stpd gtd
1950
Apr
81'A
Apr
79
81'/a
78
*91
Apr
M-N
96
Jf-N
92
96
92
*105%
A-0
81'/a
79
96 '/a
92 'A
__
92'A
100%
92
4
105%
—
1
2
50
100'A
99
99%
F-A
94
102'/a
96
35
51'/a
51 %
Q-M
78
95'/a
100'A 100%
F-A
80
4
16
94%
100
107'/a
60
101%
103
109'A 109%
2
109'/a
Gen mtge 3'As
West Penn Power 3'As series I
1967
J-D
106
106
4
105%
107'A
1966
J-J
106% 107
6
106%
109%
Western
1952
A-0
Maryland
1st 4s
Western
Quaker Oats 2%s deb.
.1964
J-J
99
97%
99%
34
97%
103 %
Pacific 4'As inc ser A—2014
Western Union Telegraph Co—
J-D
May
109'/a
9 7'/a
98%
101
101
99
101%
97'A
83
101
33
113'A
106'/a
106
1977
Gen
mt.ee
3%s
series
H
Gen
mtge
3Vis
series
I
Gen
mtee
3'As
series
„
*
Z ,1967
ZZZ 1967
J.
*§AR I Ark & Louis
A Rut-Canadian
ISARutland
4s
RR
4'/a8
stamped-
90%
MS
—
MS
—
91%
*102% 103
22
—
97
98
84
79'/a
98%
M-S
94%
94
94%
33
76%
95'/a
1960
J-J
89
88 'A
90
51
75
93%
5s
105
West
MS
J-J
J-J
*108%
59%
58'A
ZZ
ZZ
59%
26
8
~
4s
Registered
8%
41
ref
110
mtge
M
3'As
3o
60%
Wilson & Co
8
8
8%
1st
108%
&
2%s
series
A
Wheeling Steel 3'As series C
13%
Winston-Salem
8
15%
{Wisconsin
1st
S
ser
St
L
gold
3s
ser
A
A
1971
1st gold 5s
6s
Rocky Mt &
P
5s
stpd
St Louis-San Francisco
Ry Co—
1st mtge 4s ser A
A 2nd
mtge inc 4 Vis ser A
5t
MS
1998
J-J
1998
Lawr A Adir
2d
A-0
1958
1st
4s
a 2d
bond
4s
A Gen
inc
bond
ctfs
& ref gold 5s series A
B
Central
St
Paul
Line
gtd 4Vis
Union Depot 3V4s B
Scioto V & N E
Seaboard
Air
1st mtge
A Gen
Seagram
RR
4s
1st
Line
—
*101
Wisconsin
Wisconsin
Public
82 %
81%
82%
179
79%
51%
50
51%
485
37%
100
102%
4
*87
89%
92%
92
92%
46%
46%
1990
1941
MS
__
J-J
J-J
100
1971
Yonkers Elec
83
38
78
46%
25
ZZ
—
not
—
*127
32%
59%
33
55'/a
72'/a
Jf-N
104%
106'A
100
102%
104%
1st
1992
1970
1958
A-O
1960
4s
*__
J-J
—
99
96
J-D
M-S
J-J
96
102'/a
102'A 103
*115
--
106
98
101%
102%
—
105%
116%
24
118'/a
1949
J-J
71
67
1936
MS
19
19
deposit
71 '/a
60
108
19
75%
15'/a
5
24%
18
*19
deposit
82%
66
_
Power
Service
2%s
1976
3%s—1971
J-J
98
2
97%
104% 105
2
103'/a
98
J-D
—
Lt & Power 2%s.
.1976
97
J-J
97
97
21
102
109%
101%
Deferred
in
delivery sale not included In the year's range,
d Ex-Interest.
eOdd-lot sale not
Included in the year's range.
rCasn sale
the year's range,
n Under-the-rule sale not
in the year's range,
y Ex-coupon.
included
47
§Negotiability impaired by maturity.
tThe price represented Is the dollar quotation per
unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
106%
{Companies reported as being in bankruptcy, receivership, or reorganized under flection
the Bankruptcy Act, or securities assumed by such companies.
♦Friday's bid and asked prices; no sales being transacted during current week.
200-
pound
99% 100%
31
99%
J-J
101%
64
61%
64%
88
58%
J-D
76%
94%
94%
95
31
94%
100 »A
76%
98
17
--
__
130%
J-J
59%
126%
1996
.
59%
105%
■
2018
A
Jf-S
105
& Sons 2'As dpbs_1966
ser
103
57
90
a
A-0
M-y
98%
44
57%
104%
included
1989
12
60'/a
92%
J-D
P-A
99
59 %
101% 101%
__
100%
J-J
Nov 1989
98%
60'A
Ry
of
Electric
90
98%
May
1989
103
98%
MS
92
97
--
105%
81'A
Co—
A
ser
mtge 4 Vis
'Jos E)
gtd 4s
RR
J-J
Certificates
88
10
81%
2022
St Paul & Duluth 1st cons
gold 4s_196f
ISt Paul 81 Kansas City—
§AShort
98%
109
japt
Louis-Southwestern
Ry—
certificates
98%
*—
100%
MS
1967
D
mortgage 3s
§ A 1st general 4s
A Certificates of
St
J-J
1949
guaranteed
2361
2361
1st
§ASu & Du div & term 1st 4s
Saguenay Power
5
1951
1971
debentures
Shore
Gen
110
—
MS
1941
99'A
—
108
MS
-1934
2%s
90%
102
Wheeling & Lake Erie RR 4s
*128
US
.1949
stpd
97'A
1951
5s
Westinghouse El & Mfg 2'As
Jf-lt
1969
1st 4%s_.
M-N
gold
30-year
1st A ret 3%» Mr
D__1990
Revere Copper & Brass
3V4s
i960
Rochester Gas & Elec
Corp—
Gen mtge 4 Vis series D
1950
25-year
Reading Co
Funding & real estate 4'As
.
98
ARnnds
selling
flat.
•
'
77 of
THE COMMERCIAL & FINANCIAL CHRONICLE
Number.4649
Volume 166
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
NOTICE—Cash and deferred delivery sales are disregarded in the week's range unless they are the only
a
footnote in the week in which they occur.
No account is taken of such sales in computing the range
in
RECORD
transactions of the week, and when selling outside the regular weekly
for the year.
range are shown
extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
Nov. 15, and ending the current Friday, Nov. 21.
It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every security,
whether stock or bond, in which any dealings have occurred during the current year.
In the following
RANGE
Week's
Friday
Last
STOCKS—
York
New
Par
Low
Alloys
1
common
Aluminum
Acme
Wire
Adam
Hat
Co
NOVEMBER
21
Sales
Friday
Shares
STOCKS—
New
Range Since January l
Low
High
York
3
May
53/4
Jan
4%
-
4%
500
4% Aug
123/4
Feb
Bridgeport Gas Light Co
Bridgeport Oil Co
34
Oct
Brillo
23
Jan
Mfg
Co
for Week
Shares
,
1
~7%
~7 %
300
6% May
11%
Feb
1
3%
3%
100
2
Aug
3%
Oct
British-American
Oil
Aero
Supply Mfg capital stock
Agnew Surpass Shoe Stores
1
2%
2%
800
2%
Nov
3%
Feb
British
5
13%
13%
400
6%
7%
300
Range Since January 1
High
Low
~8%
9
10
900
__
—
High
Jun
26 Va
Jan
6 % May
14% July
10%
Jan
22
Feb
22 Va
Tobacco—
Ainsworth Mfg common
Air Associates Inc (N J)
Low
*
*
*
common
Aeronautical Products Inc
Air
Stores
Investors
Inc_
2
■
preferred
Class
10% May
6% Nov
3
31
10
50c
'!%
10
3%
3 %
4
3
6%
6%
6%
"l% "l%
Oct
July
15
Feb
12 3/4
Feb
4%
Feb
38
*
A
American
Amer
6%
1
common
Convertible
-
•
Aireon Mfg Corp common
60c convertible preferred
Jan
36
Feb
18%
100
18 Va
Oct
25
Jan
13
13%
300
12
Oct
21%
Jan
13%
13 %
100
12%
Oct-
20%
Feb
2%
2%
700
2%
4%
Feb
—
£1
£1
dep rets ord bearer
dep rets ord reg
Amer
British
33
18%
•
Co
13%
Electric
Appliance
Alabama Great Southern
Alabama
Power 4.20%
Alaska
Airlines
Alles &
Fisher
50
pfd
83
Amer
10c
dep rets ord reg
1%
Sep
5%
Jan
1,100
3%
Sep
9
Jan
300
4%
Jan
7
Oct
•
British Columbia Power class A
Inc
1
Class
•
B
3%
America
Aug
Burd
21
Car
Co
59%
Gas & Electric
$2
convertible
$2.50
Hard
preferred
*
Potash
Class
*
Chem
&
class
A
B
American
Republics
10
American
Anchor
Post
preferred
common
Products
Angerman Co Inc
2
33/4 Mar
160
70
Jan
96
Nov
25
50
Mar
53
Nov
9,400
10,100
150
8,600
34%
Nov
225
110 %
Apr
2%
200
41%
41%
25
33%
250
16%
16%
16%
1,800
16%
46 %
700
3%
3%
7,000
25
24%
X46 %
6%
Arkansas
Aro
Power
Oil
&
&
Light $7 pfd
3%
Jan
49
Jan
Sep
51
Jan
400
Laundries
of
Associated
Tel & Tel
class A
America
Class
16
Nov
24%
Jan
Jufi
32% July
Apr
2% May
15
17% July
4% Feb
Atlantic
Line
Coast
48%
Sep
Carolina
43
Feb
34 Va
34%
1,800
19%
3,200
3%
3%
500
3%
Nov
6%
Feb
l«
%
U
25,400
%
Nov
1 %
Jan
54%
54%
54%
600
May
29% May
16 3/4 May
42
May
43%
Jan
Feb
63
Castle
Oct
Catalin
8
9
May
9%
Jan
6 (a
6
Apr
7%
Jan
16%
Jan
3%
3%
200
3 %
May
5%
2,700
7%
Jan
11%
Oct
__
107
109 %
5%
110
6%
5%
1,100
Nov
107
4% May
3% May
5 %
3,000
5%
5%
5%
6,200
10%
10%
10%
100
10%
70
110%
113
113
12 Va
»—* to -^01 0 "^
14%
•
15 %
900
7,900
33/4 May
Jan
Jun
9% May
10 Vb
Jan
1
Voting Machine
F)
& Sons
*
5
common
6%
preferred
Ayrshire Collieries
new
com
3
Nov
18
8%
250
4%
Jan
3,500
4 %
Nov
100
24
July
114% Mar
8%
Feb
6% July
6% July
II %
Central & South West
7%
•
7%
preferred
30
Banco
de
Mar
Chamberlin
114
14%
Feb
15%
Nov
Aircraft
New
&
Corp
1
Basic
Refractories
Bauman
Inc
& Co
(L)
Charis
common
Ties
% May
Beck
(A S) Shoe Corp
Bellanca Aircraft common
11% May
1% Jan
11% July
9%
Bell
Tel
Benrus
'Benson
of
Canada
Watch
&
Hedges
Convertible
Berkey
&
Co
Inc
Voting
1,000
Nov
9
Jan
6%
300
5;% May
Feb
2,000
10% May
24% Jan
16
Feb
Jan
15
16%
Nov
Clarostat Mfg Co
Claude Neon Inc
16%
Furniture..
Inc
common
54%
37>2
55 V2
500
3,000
37V2
50
11 %
500
5%
6%
%
6 V4
13%
5
Nov
37% May
7%
Chief
Blue
Ridge Corp
3
Nov
Oct
13,100
Jan
9"% May
13
Feb
11
Apr
3% May
6%
Oct
May
19%
Jan
200
5% May
7%
Blumenthal
Bohack
7%
& Co Inc
(S) & Co common
(H C)
Co
25
9% May
20%
Feb
Brazilian
Breeze
For
6
17
500
16
Jun
May
1% July
8% Mar
23
2 V8
300
140
133%
Nov
1,300
9%
Nov
11
Apr
23
9 %
1
32%
350
31
May
1%
16,100
1
Sep
Co__
Traction
»
93^
18%
150
3%
13
9%
8
25
3%
14,100
13%
2,800
9 3/4
900
41
43
350
124
124
30
25
Jan
Consolidated
City
Colon
27%
see
page
37.
165
"l%
*
1
_9%
6 Va
~i%
41
42
9
Va
5%
Jan
33 V2
45
Mar
9%
600
6%
Jan
10%
6 %
1,400
5%
Nov
130
43%
Jan
52
Oct
Nov
119
July
Nov
20
Jan
52
51
52
214
6
%
6 Va
Jun
1% May
Sep
3
150
2,200
~7%
23,500
6%
7%
Feb
Oct
Sep
3
Apr
10%
10%
400
9
Apr
11
Mar
6%
6%
200
6
May
9
Jan
50
30
1%
33
33
33
8%
8%
81%
81%
1
100
•
19%
11 J
8
9,100
83
130
19 %
19%
600
93
93
May
43%
Feb
9% May
17%
Feb
25
81 %
Nov
15% May
Nov
93
96%
Feb
21 %
July
Jan
102
Jun
12
30%
&
19'%
19%
14%
14%
3%
4
1,800
9%
8%
9%
2,900
5
10
4
*
*
?5
200
83
Jun
22%
Jan
Oct
2%
23%
Feb
15 %
Nov
Jun
4%
Jan
July
12
27%
Oct
9%
NOV
25
8%
Nov
11%
%
Feb
Apr
12% May
May
18
Oct
19 %
May
Feb
14
27%
Oct
25 %
25
70 %
18%
70 %
100
70
Mar
77%
Jan
18 %
18%
875
14
May
18%
Nov
6
6 Va
700
6
Nov
7%
Oct
6
6
600
6
Nov
7%
Oct
1
1
100
1 Va
2,500
1
1
May
93
May
148
39%
37 Va
39%
29,500
5
13%
13%
14%
1,700
9%
9%
400
16%
300
2%
500
2 Va
10,900
10
16
2%
1
1
common
4
100
Mfg
Lambert
140
121
119
10
1
2
2
149
143
11%
41
Oct
15
Feb
11%
Jan
13% May
1% Sep
19
Feb
1% May
Jan
9%
66%
4 Va
2.100
3
7%
4,300
7
1
7%
67/o
5%
8 Va
6%
7 Vb
800
5''2
4,900
25
36%
35%
36%
1,700
warrants
Co
1
Commodore Hotel Inc
5
700
5
5
3
3%
Jan
3%
Jan
15%
Feb
Oct
166
9%
Jan
Nov
13%
Feb
May
Aug
9 Va
3%
1
Jan
11%
6% Aug
4%
Airlines
Jan
Jan
100
•
1% Mar
10% May
8% May
23%
220
11%
150
•
ordinary
Manufacturing
Commonwealth
Southern
&
40
15%
Oct
7% May
6% May
ext
Conn Gas
$3
to
1
1956
& Coke
Secur common
Consol G E L F
4%
series
Bait
B
4% May
3% May
25%
Jan
3% May
4%
8
Feb
Feb
July
7
Feb
36%
Nov
5% Aug
preferred
35%
Jun
Consolidated
2%
Jan
Consolidated
Royalty
3
7%
May
Jun
11%
4
14%
Consolidated
Textile
Oil
Feb
Continental
Car-Na-Var
Jan
Continental
Fdy
Jan
Cook
&
Paint
Corp
Machine
&
Varnish
15
Apr
Cooper
Brewing
37% May
55
Jan
Copper
May
132
Apr
Range Co
Gold Mines
Jun
37
Feb
Co
Cornucopia
116
21%
133/4
13 %
13%
500
13%
Nov
17%
Jan
16Va
16 V
9,900
16 Va
Nov
22%
Jan
10
10%
2,200
10
Nov
20
Feb
600
4
Jan
5%
5
10
•
10c
Co
1,450
%
Oct
Co
common
&
3
68?8
69%
~8%
9
9
2.900
77
75
425
2%
2%
1,500
30%
32%
7,400
14%
14%
2%
2%
13
13%
1,100
38
38
—
31;
4
14%
5%
convertible
—
/
13%
1
9%
—
„
10%
--
3 4
--
1
6
3
Jan
2
Jan
Feb
83%
Jan
NOV
118%
NOV
110%
Jan
x7% May
63% May
9%
Jan
85 %
Feb
2% May
%
Apr
35%
2,700
7%
Jun
15
600
2%
Oct
50
Nov
3% Aug
10% May
19%
Feb
26
May
41%
Feb
1,100
3
Nov
1,400
8% July
Va May
11
1%
Jan
15%
4%
Feb
9.100
1,400
9% May
3%
1.700
2%
%
21,700
51%
675
12
6
Jan
3% July
Nov
21%
11%
"5%
2
10%
%
1 «r
1
*
oreferred
68% May
10%
43
100
3%
3
A
class
Petroleum
1,900
Jun
Jan
112
*
*
5<?
Apr
% May
34%
107
common
Reynolds
$!' preferred
Cosden
1
1
*
Coro Inc
Corroon
Co
7
300
Jan
Nov
9 Va
69
1
& Smelt Ltd
Mining
7%
Nov
28
34%
100
100
Consolidated Gas Utilities
7 %
—
■ft Jan
iV Aug
15.700
250
29
%
?58
•
•
common
preferred
series C
Feb
24% Mar
28%
•
preferred
38
>«
25
Compo Shoe Machinery—
Oct
11%
1
warrants—
Community Public Service
4%%
10 Vs
5%
19%
14%
x3%
5
2.50
Colorado Fuel & Iron
Feb
163/a
5%
9%
9 %
1
Colonial Sand & Stone Co
Jan
»
5%
Jan
Nov
150
46
Mining
Development
3%
*
1
15
100
Auto
180%
1
Light & Power
Aeronautical
footnotes
13%
8
100
Corp common
Brewster
300
*
common
1st preferred
Borne, Scrymser
Bourjois Inc
3'A
1
9Ve May
Feb
__
1
common.,
(Philip)
200
990
Colt's
July
133 V2 138%
18%
8
13
19%
Cockshutt Plow Co common
61
42%
16
1
:
Jan
13
13
15Va
83
§Childs Co preferred
Service common
Colonial
37%
6
& Mach Co com_*
common
May
9% May
19 %
Clinchfield Coal Corp
Products Co
32 %
1%
22
100
72%
Consolidated Steel Corp common
Birdsboro Steel Fdry
Blum
1
May
12%
19 VA
Club Alum
9 %
•
22
12%
78
Clark Controller Co
27
16
*
common
Nov
100
100
100
10
Stamping
City & Suburban Homes
1 %
138 %
May
18
11%
trust ctfs
5%
16%
1
preferred
Gay
Bickford's
;Blauner's
100
--
Jan
26
Nov
24%
Cities
6
l
—
--
20
May
18
--
Jan
26
Feb
Feb
13 %
1
"
10
Feb
6
_l
Feb
23 Va Mar
8% May
Corp common
July
16
1
common
—
Nov
18
11% May
Chesebrough Mfg common
Chicago Rivet & Mach
Chicago & Southern Air Lines
Vtc
Beau-Brummel
250
925
America
of
Co
7
5
1
Jan
18%
5%
20,600
common
37
11
554
Mar
10
9%
common
63
Seelig Mfg—
$1.20 convertible A common
Co
Apr
3% May
shares
Steel
Barlow
8
Nov
2% May
20 %
Conv pfd opt div ser 1929.
Century Electric Co common
Cessna
8
1
Jan
7%
400
18
preferred
24% May
los Andes—
American
Barium
371/2
6%
800
3%
20
Conv pfd opt div ser
1,200
16
55
100
8
preferred_100
4.900
Locomotive—
Baldwin Rubber Co common
pfd
Corp
SCentral States Elec 6%
July
B
Baldwin
7%
100
preferred
Clayton
Babcock & Wilcox Co
Apr
3% Mar
Co—
Power
Maine
3.50%
5%
14%
--
4'/a
1
Central Ohio Steel Products
6%
15%
Jun
20
10
& Co
5%
--
3%
2s 6d
1
Corp of America
31%
31
—
900
*
50
31%
25
Corp
8%
5%
"5%
5%
i
(B
1,000
%
8
4
Atlas Corp warrants—:
Avery
8%
n
—
4%
Atlas Plywood Corp
Automatic
8%
8
Automatic
3%
Ltd—
Cherry-Burrell common—
—
Aug
Feb
10%
50
Products
Co
Central Power & Light 4%
9%
—
14%
Biscuit
(A M)
Central
6
5%
Light $5 pfd
&
Casco Products common
Feb
__
13 %
__
2.50
*
(J W)
5%
200
Inc
common
new
dep rets B ord—.
Co common
Amer
10%
113
May
•
*
1
common
Power
Carreras
Carter
Jan
♦
12 %
Feb
23 Va
Co
Co
Carr-Consol
Aug
3.000
&
Carman
-
1
Baxter & Kennedy
Carey
Jan
18 %
5%
100
16%
100
Capital City Products
Carnation
34%
5%
13%
Feb
Ltd—
Marconi
Canadian
Oct
19
107
7
7%
--
*
•
preferred
7%
•
1 Va Mar
Nov
Alcohol—
non-voting
25%
32
1
Co
7%
4%
100
Nov
2%
3
3%
*
preferred
Industries
Jan
100
10%
%
6,700
•
voting
Canadian
34%
•
Atlantic Coast Fisheries
B
Oct
Feb
200
£i
Associated
A
21%
35
Va
9,300
20
Industrial
Class
700
1
dep rets reg
Convertible
Canadian
373A
14%
Ltd
Co
Canners Ltd
Jan
400
8%
ft
"7%
_
5
*
Insurance
preference
29% May
Associated Electric Industries—
American
6% %
Canadian
4%
2.50
Refining Co
Canada Cement Co Ltd common
Jan
May
Nov
•
Equipment Corp
Ashland
Feb
23
433/a
113
41%
10
class A non-voting
preferred
Bread
9%
1
Common
2% May
Canada
4%
1
common
May
Jan
48 %
--
Oct
16
3%
2% July
1
Corp
I%
35
3%
Feb
19% Mar
3%
3%
50o
1
Power
Fire
28%
33
1
Arkansas Natural Gas
17
Electric
Tungsten
9%
Apex-Elec
Sugar Estate
Camden
13%
33%
3%
12%
%
£l
1
pfd
dep rets 5%
Jan
433/8
__
Jun
2%
3
25c
7%
4%
Angostura-Wupperman
Argus Inc
Nov
Callite
9%
£1
Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Calamba
5
1
dep rets ord reg
%
19%
Anglo-Iranian Oil Co Ltd—
Amer
4% May
36%
16
Feb
10%
15% May
10% May
Wireless—
&
American
California
19%
16%
Jan
26%
13%
12 %c
Electric Products common
Cables
5
2
common
Nov
96
2%
10c
•
Writing Paper
Feb
34%
__
2
$6 series preferred
American Thread 5%
5
53
111% 113
300
1,100
47
Feb
Feb
2 Vs May
200
ft
11%
17%
Jun
Sep
32%
2%
7 Va
Feb
32
25
11
%
rets
common
9
Nov
18
Corp Amer dep
Biscuit Corp
(P H)
200
1
Co
Ring
2% Mar
23% July
5% May
Feb
x24 %
1953/4
2.900
%
•
•
American Seal-Kap common
Amer Superpower Corp com
105%
Apr
Jan
2%
6%
--
2
Meter Co
American
Nov
19
88
19%
1
Co—
80
95%
161% May
2%
35
25
Maracaibo Co
48% May
300
172
25
common
American
300
167
111%
20
Products
400
__
25
Metal
Butler
1,100
25
Laundry Mach
Light & Trac common
preferred
American
Jan
4,100
96%
1
Co
American
59%
95%
23% :x24 %
~7
i
preferred
Mfg Co
58%
53
American
6%
Burry
96
American
American
Burma
Feb
Cable
10c
common
Rubber
Feb
25
2 Va
100
convertible
23
Jan
2%
10
preferred
American
Jan
13
27 % x28
172
1
Corp
15
175
23
Class B
General
750
23
96'/8
100
American & Foreign Power warrants
American Fork & Hoe common
American
21
1
American Cities Power & Light—
Class A
4%%
20
X24 %
1
American Book Co
Piston
21%
•
common
Oct
1% May
15 % May
17%
11%
2.50
27 Va Mar
1,300
__
—*
5
*
American
3
•
2,900
45
•
Ltd
Mills
4%
100
common
Bantam
5
Silk
Bunker Hill & Sullivan
Aluminium
Beverage
(E L) Co common
Bruck
Buckeye Pipe Line
*
American
Bruce
Jan
Jan
•
common
preferred
American
Mar
Jun
Aluminum Goods MTg
Aluminum Industries common
Ltd
3,300
92
108
5%
•
of
~3%
3%
Jun
Nov
11%
5
Co
43 %
81
1
common
cumulative
7%
May
Altorfer
$3.75
1
common
Oct'
8%
19
1
Rubber Co
6% Aug
Allied Internat Investing Corp
Allied Products
(Mich) common
Aluminum
50
"
19%
__
19%
Forman Distillers
1
common
Bros Co
83
Oct
22%
__
Brown
98
-
-
Feb
8,000
100
—
Celanese Ltd—
Brown
Air-Way
-
Sales
Range
of Prices
Par
High
300
Week's
Last
Sale Price
Exchange
Curb
3%
10
Acme
ENDING
3%
Motors warrants
ACF-Brill
WEEK
for Week
Rangeof Prices
Sale Price
Exchange
Curb
FOR
Nov
Jun
3% Aug
Feb
Jan
14% Aug
3% May
6%
Nov
Jan
51%
Nov
36
34
(2126)
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK
RANGE
Friday
Curb
Week's
Last
Exchange
Ran gt,
of Price*
Share#
Par
Creole
dep receipts
Low
(ord reg)—£1
—
5
37
Petroleum
Brewing Co
Crosley Motors Inc
Crowley Milner & Co
Friday
High
Co
Low
Atlantic
Mfg
Nov
Jan
8%
9
7
6%
7%
*
1%
6%
New
1
2,700
600
1,700
9
14%
Feb
Goldfield Consolidated Mines
Feb
Goodman Mfg Co.
15,200
4
May
50
16
Oct
1,600
2%
900
20%
22%
3% May
1% Apr
10%
9%
10%
7,100.
940
300
52
52
100
48
36%
37%
200
25 %
prior preferred
3%
Oct
Oct
Gray Mfg Co
Jan
800
__
%
3/4
—
7,300
__
9%
10
Graham-Paige Motors $5 conv pfd—25
Grand Rapids Varnish
1
9%
100
8% May
Jun
May
99
Sep
% May
44
Apr
7%
May
1
Higlii
5%
Jan
61 %
37%
Jan
Nov
104%
Jun
1%
Jan
513/4 Aug
15% Jan
Great Atlantic & Pacific Tea—
39
Apr
Sep
Nov
107
7% May
17
Jan
8
Feb
Great
Oct
Grocery
10% May
—
3/4
Gorham Inc class A_
Gorham Mfg common
Feb
%
18
4%
—
6%
20
104%
5% May
*7%
—
6% Nov
Feb
LOW
4
.50
6%
Range Since January
High
4
-1
10%
3%
2.50
common
(Mo)
Oct
$4.50
Shares
36%
Sep
16%
104% 105
Low
for Week
„
52
common.
Godchaux Sugars class A_
Class B_
1 %
5V2
21%
104%
(Adolf) Inc
-1
7%
21
5
Jan
Sales
Range
of Prices
Par
High
7%
Week's
Last
Sale Price
Exchang*
6% May
2%
100
Y#rk Curb
37% Nov
2% Feb
3%
3%
;•
10
•*
1%
16 %
—
25c
Sugar
Co
4%
25%
9
5
A
common
Curtis Lighting Inc
500
8,800
•
5%
preferred
Cuban Tobacco common
Curtis
5%
37%
1%
1
Crystal Oil Refining common
$6 preferred
Cuban
5%
35
1
Crown Cent Petrol (Md)
Crown Cork International
Drug
NOVEMBER 21
Gobel
Croft
Crown
EXCHANGE
ENDING
STOCKS—
R*nfe Since January
Courtaulds Ltd—
■American
CURB
WEEK
Salesfor Week
Sale Price
STOCKS—
New York
FOR
Monday, November 24, 1947
26%
18%
Jan
5
Northern
Stores
.100
Paper
Products
8%
—25
—
64%
50
19%
20%
400
9 3/a
7%
*
stock
Non-voting common
7% 1st preferred
64%
20%
7%
400
7
140%
9
8%
101
2,200
101%
136% 140%
47
45%
47
.100
Gypsum Lime & Alabastine
150
1/200
common- .25c
Gulf States Utilities $4.40 pfd
375
__
__
Xl01% 103%
—
40
8
May
May
Sep
95% May
133% Jun
39%
Jan
9% July
xlOlVa Nov
9%
__
__
47% May
Oct
66
Oct
25%
Oct
9%
Feb
14
Feb
112
July
145
Apr
47
July
15%
Jan
114%
Feb
15%
Feb
D
Davenport Hosiery Mills
Davidson
2.50
Brothers Inc
Dejay Stores
Dennison
8%
A
Mfg class A
5
common
common
8
&
Manufacturing
Detroit Gray Iron Foundry
Steel
Devoe &
Diana
Raynolds
Distillers
Co
1
"
B
common
•
50c
Credit
Dominion
11%
11%
1,200
£1
17%
18%
1,500
~2%
~2%
"2%
900
10%
Feb
12%
Feb
20
20%
800
14
14
6%
6%
6%
May
Apr
155
10%
Sep
14
May
19%
23/8 May
17% Aug
200
11%
16
1,900
4%
Sep
Apr
Oct
Feb
21
—
3%
Feb
Oct
Feb
7 3%
Jan
17%
1
113/4
11 3/4
113/4
100
1
Corp class A
Bridge Co Ltd
3%
3 3/a
3%
4,300
•
25
*
_
•
Corp
•
Driver Harris Co
Power
Jan
9%
18%
—
—
Draper
Jan
™
IllO
~
Co
Dunlop Rubber
H
Hall Lamp Co new common
5
Hamilton Bridge Co
Hammermill Paper
•
Hartford
Co
•
15%
133/4
15%
88
893/4
—
—
—
—
82
10,100
Feb
19
Nov
19 %
Feb
2% May
333/s Jan
43/8
Oct
33%
Feb
10% May
Oct
17%
Feb
25%
Jun
270
76 3/4
94
Feb
79
Jan
48
72%
300
67
39 %
40%
250
39
Sep
May
May
82
82
95
82
Nov
—
—
Ltd—
Amer dep rets ord
reg
Durham Hosiery class B
Duro Test Corp common
£i
•
common
1
Duval Texas Sulphur
•
7%
—
5%
53/4
900
14%
14%
300
—
—
4%%
prior
preferred
6%
preferred
Eastern Malleable Iron
100
100
~~
Eastern States Corp
87 preferred series A
$6 preferred series B
Eastern
Corn
II" I
I
aI
Sep
12
May
4% May
11% May
1,350
"3%
600
73%
78%
175
78%
•
66
64%
66
12%
11%
12 3%
55
56
13
12
13%
7,500
12%
12%
12%
16,700
__
142
5%
——Ill—I
""1111110
~
preferred
1
Inc
j
_
Corp Ltd
Pipe Line
Ii
common
25
106*
Apr
10% May
18% Feb
6
3/a
15%
Feb
Jan
2%
10
145
5%
25
3%
__
7%
11%
May
49
300
160
200
100
97%
Jan
May
81
Jan
82 %
Nov
57
Nov
Jan
1% May
50
4%
Oct
May
82
May
77%
Oct
Nov
14%
42% May
6% May
60%
Nov
17%
Jan
8% May
115
May
2% May
17
Jan
155
Sep
7%
Feb
26%
Oct
1,200
2% Aug
4%
Feb
900
15% May
43% Aug
24%
Sep
25
1%
46
11%
800
1%
6,200
463/4
200
8%
100
3ft
3%
9,200
28%
28%
100
315
—
10
1,600
8%
—
l
X
28%
29
13'/a
14%
11%
11%
11%
47%
47
48 %
.10c
2%
2'/a
.1
Fishman (M H) Co—
5c to $1 Stores
Ford Motor Co Ltd—
3
40
17%
100
Nov
7%
8%
Nov
Jan
1% Aug
43%
6
Jun
May
112 May
27% Nov
50
Mar
111
Jan
8%
Nov
2'/a
Hat Corp of America B non-vot com—1
6%
6 %
400
Hathaway Bakeries Inc
Hazeltine Corp
7%
8%
300
6% May
7% Apr
•
40%
-£1
2,100
7% May
6,900
2
May
400
21
Franklin
17%
2,400
8%
Jun
12%
2,800
10%
Nov
14 % Mai"
Rubinstein
•
11%
1134
2
10%
12
5% %
preferred w w
preferred w w
Henry Holt & Co
common
Hey den Chemical
common
New
A>
Hoe
& Co class
(R)
12
Oct
30%
Apr
13%
4 %
Oct
Oct
30%
Nov
22%
Jan
3,100
11
14
Jan
250
45
64
Feb
Sep
Aug
1% May
3%
Nov
Jan
125
40
Jan
43%
17%
Nov
4%
Oct
6%
19%
900
16%
Sep
18% Aug
20%
Feb
23
Oct
1%
100
20%
23%
600
1%
Sep
3
Mar
Jun
10%
31%
common
2
Gatineau Power Co common.:
5%
20
Sep
143/a
303/a
450
8%
8%
600
12%
14%
2,100
Hollinger Consolidated G M
5
:
Holly Stores Inc
Holophane Co common
General Electric Co Ltd—
Amer dep rets ord
reg
General Finance Corp common
5% preferred series A
General Fireproofing common
General Outdoor Adv 6%
pfd,
General Plywood Corp
General
Public
General
Shareholdings Corp
$6
Service
convertible
10%
10%
*8%
~8%
~8%
700
2,000
IIIIII*
General Builders
Supply Corp
5% conv preferred
11
com
4
"4
"4%
25
—
24
24
Horder's
Georgia Power $6 preferred
$5 preferred
Sep
14%
Sep
38%
10
2,400
25
12%
Feb
29
Feb
12%
14% Nov
Nov
Preferred
Alden
For
footnotes
page
37.
Aug
15%
19% May
x35%
8%
9%
1038
4,900
43^
400
Inc
(Geo A)
&
Co common
Feb
5
Aur
10%
Feb
6%
Feb
27
250
23%
Jan
28
Nov
Jun
23
Aug
43
130
37
Jan
44
150
Oct
181
Feb
36%
175
34 Yt May
43
Feb
a
36
xlll
100
& Refining
4%
Feb
Aug
20
•
(Harvey) Inc
7% May
57
42 3
•
preferred
Mar
2634
•
Horn & Hardart Baking Co
& Hardart common
Horn
49
38
40
67 %
40
•
68 3/4
3,200
550
Nov
28
Apr
55 % A or
Oct
116% July
40
Nov
72%
Aug
9%
Feb
5
_4%
4%
43i
500
4%
Nov
common—*
14%
13%
143/a
1,100
12 %
Sep
14%
Oct
45
45%
200
42
Aug
47%
Feb
6%
150
Jun
15
Feb
9%
1,400
7% May
10%
46%
50
37% May
2% Oct
51 %
Feb
3%
Feb
Jan
Mfg Co
Refrigerator
Co
$2.25 preferred
Common stock warrants
•
5%
8%
5%
Feb
Huyler's common
1
1st
preferred
Hydro-Electric Securities
1
Hygrade Food Products
5
25%
25%
26%
400
21
May
49%
4,400
25
May
31% July
46
•
•
5%
Zinc Co common
26'/4
27%
53 %
53 %
55%
500
53%
Nov
64
•
convertible preferred
26%
50
Illinois Power Co common
Illinois
12%
12%
12%
850
12 V4
Sep
21 % Mar
12
II
12%
3,600
10%
12
11 3
12%
700
10% May
11
300
10%
Nov
14%
Feb
10%
Oct
21%
Jan
Jan
Imperial Chemical Industries—
Amer
dep rets registered
(Canada) coupon
£1
•
Imperial Oil
Registered
Imperial Tobacco of Canada-.
Imperial Tobacco of Great Britain
& Ireland
0
%
4
10%
£1
-
Indianapolis Pwr <fc Light 4%
*
5
Machine
*
6%
Apr
Apr
14%
Feb
14
Feb
97
92 %
93
14%
14Vo
80
96
Nov
111
93
600
85%
Sep
100 % Mar
400
14%
Nov
45% May
71%
25
96
pfd—100
10
Feb
Apr
29
Jan
10%
Nov
15%
Feb
14%
21
Apr
International Hydro-Electric—
Preferred $3.50 series
Jan
50
*
Industries A
coupon
shares
shs__•
*
10
International Products
International Safety
B
Razor
International Utilities
common
68%
900
Io%
Io%
5,900
10 %
10%
300
10%
Nov
15'%
Feb
14%
14%
18%
3,400
11%
Apr
18%
Nov
600
1%
Oct
5 %
Feb
12%
Jan
30
Jan
%
11%
300
7
8%
1,200
7
Nov
1%
1%
1,600
1
Sep
1%
18%
18%
125
22%
5 %
5%
2,500
%
3/4
800
16% May
4% Sep
% Nov
B% Aug
3% Jun
22%
11%
preferred
Power $7
2
2 %
5
•
Royalty
'
1
Iron Fireman Mfg voting trust ctfs—*
.Irving Air Chute
1
Italian Superpower A
*
Interstate
67%
•
Investors
Oct
67 %
16%
1 %
5 %
9% May
Jan
Feb
7%
Feb
1%
Jan
Glass
Julian &
10%
11%
5V4
5'/a
400
"2 %
2%
2%
4,500
10
1
common
1
Kokenge Co
*
35%
107
173/4
100
37
1,900
107%
50
19%
1,200
Feb
11%
Oct
19%
Feb
104 %
Feb
100
120
1
pfd
—
*
5
17
*
10
Feb
6
Feb
Oct
Nov
May
7% July
24
(D Emil)
Jan
Kleinert
9%
Jan
Knott Corp
9%
Feb
Co
1
*
common
Kobacker Stores
14
Jan
37
Nov
xl03% July
109
(I B) Rubber Co
15
1
%
iff
16
1,400
2,200
12% May
15
15
16%
17
25
1
25
8%
1,200
14% Oct
15% May
19% Apr
7% May
700
13% May
18
12
15
10
common
•
_
16
17% July
16% Feb
100
150
100
1
8%
8
_1
17%
17
18
12%
11%
123/4
3,600
x7%
500
8%
800
23%
600
20
Aug
26% Sep
10% Jan
May
17%
Nov
25%
115% Mar
"5%
110%
Jan
110%
2,800
18%
20%
500
13%
52% May
54% Aug
12%
100
12%
17%
Jan
29
50
27%
Sep
29%
Apr
2,100
18%
Jan
25
2,600
16
Jun
100
4%
Krueger Brewing Co_
Oct
Oct
% May
Jun
Nov
9% May
13
Oct
Oct
6% Mar
22%
Feb
Laclede-Christy Clay Products
5
Lake Shore
4
Jan
Feb
Sep
400
Feb
Jan
17%
111 July
25% Feb
111%
17,800
87%
69
15
175
17%
Jun
Oct
Feb
Jan
113% 1133/4
15
45
Feb
111%
Jan
99% Aug
14%
II
Jan
Nov
14%
Sep
Jan
14%
56%
—
July
26
10%
1%
Mar
15
100
100
May
6% May
8% May
108
100
pfd B
15
7%
May
173/a
700
4
3
1
10%
300
325
10%
700
89
5
5
%
10%
4,900
89
25
Oct
125% Feb
26% Mar
13/4
30
20%
17
9%
May
4%
500
193/a
17
10
5
122% July
15% Aug
143/4
3%
23%
100
4%
97%
20%
45,200
14%
97%
24%
16 3/a
16%
100
Kawneer Co
Kimberjy-Clark Corp—
4% %
preferred;
Kings County Lighting 7%
5% preferred D—>-•>
King Seeley Corp
15
16%
15%
4%
12%
J
18%
K
Kaiser-Frazer Corp
Kansas Gas & Electric 7%
14%
29
—
Jun
1
4%
—
Jan
30
1
3%
——
1
18
1
400
19%
Jan
Kirkland Lake G M Co Ltd.—
8%
107%
5%
24%
Jan
Feb
Kingston Products.
Kirby Petroleum
6
x35%
25
Feb
7%
6%
Jan
9%
1
1,700
Sep
Sep
Jan
100
•
10
26
fj'%
26
1%
Jan
500
100
800
11%
1
*
Co
Jefferson Lake Sulphur Co
Jim Brown Stores common
6%
9%
•
see
200
3%
Apr
73/4
2.50
Glenmore Distilleries class B
Globe-Union Inc
Mar
32%
22
8%
•
Coal
85
Oct
9%
_•
Gleaner Harvester Corp
Glen
Feb
Jan
Nov
9%
•
Co
Gladding McBean & Co
Jan
13%
107
May
2
May
3% May
4
7 S/8
•
16
Nov
Nov
1
mm mm
Gilchrist
6% May
15
Apr
£i
•
Giant Yellowknife Gold Mines
Gilbert (A C) common
2,500
55
4%
Feb
6% May
II10
•
100
22%
9%
•
Hormel
Klein
•
% May
P
29%
93
IIHl
$6 preferred—*
preferred
"9%
21
1
•
Key Co common
Kldde (Walter ).& Co
100
1
Oct
y
98%
Feb
16% Mav
30%
•
I
preferred:
Gellman Mfg Co common
General Alloys Co
12
Jan
Jan
G
Corp
10
54 %
9%
22
Kennedy's Inc—
Garrett
100
Feb
25
76
10
Class A preferred
1%
"
I5
200
10 %
98%
12
Mav
Apr
19%
7%
II
12%
10%
10
20% July
300
1,300
__
common
350
13
Feb
3%
Apr
2,800
1
A
International Cigar
5%
23
Co
1
12
98%
ICO
100
Insurance Co of North America
17%
Stores
(Geo
Feb
Mav
93/8
10%
Oct
5%
—
Fuller
July
8%
Jan
7%
(Peter) Brewing
Feb
Feb
9 %
9%
Jan
17%
1%
Franklin Simon & Co Inc
4%% conv preferred
Feb
9%
2%
12% May
1,900
Ford Motor of France—
Fox
9
10%
Heller Co common
4%
300
14
4%
5
common
13%
—
voting
Amer dep rets bearer
Fort Pitt Brewing Co
13%
5
25c
Dept Stores
Jeannette
Class A non-voting
14
Oct
Mining Co_
Hearn
Hecla
53%
—
Amer dep rets ord
reg_
Ford Motor of CanadaB
3%
~io
(Phila)
First York Corp common
$2 div cum preferred
Class
3%
14
MetallurgicaL
Fedders-Quigan Corp—
Association
3%
12
—1
Fansteel
Fire
11%
Feb
500
Registered
12
70%
1,400
International Petroleum
1
Apr
2% May
2%
International Metal
Fairchild Camera <fe Inst Co
Fairchild Engine &
Airplane
Falstaff Brewing
Feb
Nov
4%
1
Nov
8%
55 %
4 %
9%
40%
OCt
13%
11%
21
11%
Nov
May
5% May
Sep
40
Oct
47
1%
—
25
8%
28
2%
Hussman
4%
20%
100% 100%
7%
8%
750
4
5%
47
20%
50
Empire District Electric 5%
nfdllllioo
Empire Mill work Corp
I
1
Emsco Derrick &
Equipment
5
Iquity Corp common
iqc
convertible
150
1,600
5
*
2% May
35%
"j
preferred
Eureka
82%
1
_
Corp
Electromaster Inc
Elliott Co common
Esquire
100
76%
warrants
Electrographic
1,700
•
common
Option
90
1
_
B
Electric Bond
Share
89%
•
of beneficial int
shares of beneficial int
&
4
"3%
Sugar Associates-
Electric Power & Light 2d
pfd
Eureka
80%
*
Easy Washing Machine
$3
—
3%
25
shares
$5 pfd
5%
3%
350
1
Kurd Lock &
•
500
9
39
1
Humble Oil
common
%
6%
40%
5%
40
Harvard Brewing Co
Hubbell
East Gas & Fuel Assn
Light
9%
6 %
Feb
22 3/a
—
71%
10
Feb
11%
Electric
Ltd
Hartford Rayon common
Helena
Dominion Steel & Coal B
Dominion Tar & Chem Co LtdDominion Textile Co Ltd
Duke
Oct
8
38
6% May
9% May
150
14
38
Apr
Aug
Ltd
Amer dep rets ord reg
Dobeckmun Co common
Domestic
11%
10
class
Corp
May
6%
32
1
Products
Stores
600
100
Gasket
Detroit
7%
500
debenture
Detroit
7%
35
common
Derby Oil Co
28
1
Dayton Rubber Co class
1
Mines
Ltd.;
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane
Wells
Langerdorf
United
Bakeries
8
_5
class
8 3/a
1
Co common
Class B
x73/4
1
23%
23%
28%
28%
—
21%
22
A„*
50
•
Lanston
200
May
11% May
5% Apr
6% May
Jan
15%
28%
8%
Oct
9%
Jun
24%
NOV
Nov
34
Jan
21% May
12 % Apr
30
Jan
24%
Oct
Monotype Machine
La Salle Ext University
5
5
5%
Jun
7
Jan
Feb
Lefcourt Realty common
1
7
May
12
Jan
22%
Oct
;_*
44
Jan
44%
Jan
17%
Nov
Prior preferred
Leonard Oil Development
17
Jan
Le Tourneau
-
(R G)
Inc
25
"1%
1
"l%
5,700
1
Sep
2
Mar
1
173/4
17
18%
2,700
16
Sep
29
Jan
Number 4649
Volume 166
THE
RANGE
Friday
New York Curb Exchange
Line Material Co__
Lionel
Corp
(Thos J)
Loblaw
Groceterias
Class B
21
*
—
Common ctfs of dep
Louisiana
1,800
19% Apr
25% Nov
26%
Jan
11%
9%
50
400
16%
5,900
21%
2,800
8%
900
8%
29
Jan
Oklahoma
26
Feb
-A
58Va
51'A
17 %
5% May
Jan
16%
7% May
16 % Nov
21% NOV
Jan
11%
% Sep
6,700
59
700
55
NOV
90
51%
49
NOV
82%
preferred
Natural Gas
Distillery
United Filter! B
Oliver
Omar Inc
O'okiep Copper Co Ltd Amer shares
Securities—
:
17%
11%
Jan
17%
5
10
Mangel Stores
30
17%
(The B) Co
Mapes Consolidated Mfg Co
Marconi
International
Communication
Marion
Power
Massey
Harris
700
5%
110%
Jan
common
Corp
$2.50
20
July
&
Mfg
A
3,200
41%
175
10 %
11
27 %
27 %
200
6 %
6 *2
1,200
1%
9,100
__
1 %
1 '/a
18%
18%
1,300
18 5
a
1,100
4%
May
5% May
1
Apr
15% May
4% Apr
3
May
Sep
2%
5V2 May
7% Sep
1,000
1% May
10
100
8%
9
1,600
21 %
23
1,200
8%
23
1
300
1,700
10
%
8
10
1
7
Feb
3%
Jan
21% July
8% July
111% May
6% Jan
6%
5%
5
conv
15 1
Jan
4%
5%
15%
8
8,500
9
May
8% May
16
Feb
3%
Apr
15%
10,300
Oil
Co
5%
L
pfd
3% Aug
Feb
12%
14%
23
Feb
Nov
5%
Apr
Loan
16%
Jan
12
Sep
July
Moody
Morris
Plan
Tel
Jan
16%
Nov
Prentice-Hall
13 % May
17 %
Jan
2%
2,700
1% May
%
1,700
6% May
31% May
8
36
50
4,400
7%
4,300
May
6% May
4
4%
2,300
3
2%
2%
100
12%
12 V4
900
176 % 176%
60
36 V'i
361/4
39
6% May
102% Sep
75
May
2% July
11%
Apr
174
Nov
31% May
3% Apr
3%
4%
2,600
%
%
%
12,300
10%
10%
10%
1,400
30 %
30%
31
400
30
Jan
98
Sep
101
103
60
•
23
23
100
14
2.50
% Sep
8% Aug
Xl4%
1,000
18% May
12% July
12%
14
12%
lo
common
3V« Feb
9%
Feb
Feb
38
200
10% May
10
Jan
106
Mar
30
Mar
11
Feb
5% Feb
3% Jan
15%
Jan
Namm'S
10
Corp
Inc
National Bellas
Hess
National Breweries
7%
15
1
common
3%
1
common
•
common-
preferred
16 %
6%
_
6%
3%
3%
800
200
3,100
2%
May
35%
Oct
25
National Fuel Gas
*
National Mallinson Fabrics
1
National Mfg & Stores common
43
1
National Pressure Cooker
common—
5%
4
Jan
Nov
37
Mar
138% Feb
24% Oct
National Rubber
•
Machinery
National Steel Car
National Union Radio
New
New
New Mexico
New
Park
N
39
1,500
10
11
900
25
1
•
Y Auction Co common
13 %
600
"4%
1,700
3%
3%
1,300
2
4
15'%
5 %
200
5%
200
90 %
89
15%
370
18%
Oct
39% Jan
14
Mar
59%
5%
24
Oct
May
•
100
2.50
*
101V4
Oct
75
102%
Oct
105
Aug
Feb
15
Mar
100
25
9%
11%
33,400
30%
250
18
18%
700
97
70
100
25
x5%
6%
11,600
6%
6 Va
40
3%
—
—
3%
200
~6%
53 %
~7%
800
53 %
55
550
Jan
105
Oct
27% Mar
Sep
25
24%. Jun
Nov
3%
Apr
8%
12%
Jan
Jan
Jan
15% Feb
Feb
May
13% May
52%
59%
Jan
97
Jun
51%
Jan
25
Nov
28%
Jan
Jan
7%
Feb
May
2% May
l07]/2 Oct
11%
Feb
4%
Feb
29
5%
6
4%
Apr
53% May
700
5
57'A
500
40
Apr
11
Mar
~6%
1,700
6
Aug
5
57%
5%
57
~6%
6%
Nov
9 % May
19% July
Nov
114% July
Oct
7%
Jan
69
9%
Jan
60%
Oct
14
Apr
12% Mar
Feb
13%
9 %
9%
200
10%
10%
400
10%
Nov
21%
26
26
100
■14 y2
Jan
27
—
—
"3%
"3 A
3
'6,000
2'A
1,100
2'A
1
2
50
50
5
1
10
25c
2.50
*
100
1
Gas
*
Providence
2%
12%
12%
13
2% May
Oct
2%
1,400
10
25
41
May
Feb
Feb
6%
Jan
Feb
46 y2 May
63
63
9%
9%
250
8
5
5
300
4% May
—
"4
14%
Nov
41 %
56%
9%
1,280
July
Apr
May
41'A
56%
49%
14% May
Nov
11%
Feb
7%
Jan
17
6%
Feb
Jan
~4%
X4ya
x4 %
2,100
3% May
14%
13 %
14%
2,500
10 y4 May
19% Feb
12%
12%
50
8l/2 May
13% Feb
—
600
May
13
Feb
4% Jun
Nov
88 y4
4
May
13
Feb
18% July
10% Jan
120%
Jan
8% Jan
Apr
15%
Jan
67%
Jan
700
73
175
14%
14%
150
35
330
72
May
Oct
96%
Oct
48
Feb
85
Mar
42
42
74
75
13
13%
1,400
iy4
1,600
1 y8
May
200
11%
Nov
17%
400
8%
Apr
10%
Oct
150
99%
Nov
103%
Sep
1%
1%
ny2
9%
9%
12
9%
99% 100
—
9% May
13 y4
Nov
2% Feb
Jan
99%
99% iooy2
125
99%
Nov
110%
Jan
45
42%
45 Va
1,100
25 V2
Jan
45 ys
Nov
13%
13%
14
475
9%
Apr
14%
Feb
8
700
8
May
11%
Feb
91
290
85
8
__
150% 151%
70
150 y4
May
Nov
14%
50
14 y2
Nov
90%
90 %
•
100
•
14%
96
Jan
170
Feb
18%
Feb
R
Radio-Keith-Orpheum option warrantsRailway & Light Securities—
Voting common
10
Railway & Utility Investment A
1
Rath Packing Co common
10
Raymond Concrete Pile common
$3 convertible preferred
Raytheon Manufacturing common
Reed
Bit Co
Roller
Regal Shoe
Reis
Reliance
&
19%
1 % May
27% May
31%
Oct
38V*
Jan
30 %
125
37%
37
%
54 %
100
8%
9%
15,600
67/a May
21%
22'/a
500
18'/2 May
5ya Sep
54 y4
9%
21%
50
5y< Jan
Apr
29% May
51
Feb
2
Feb
Feb
55 y4
Sep
13%
Jan
23% Jan
8% Mar
6%
1,800
3>/2
800
Nov
3%
5
23
23%
250
14% May
24%
Sep
•
Co
Electric
2% May
15%
25
...
*
*
14,000
17 Va
30
24%
25 «A
500
22
32%
Jan
4%
4%
2,100
1%
1,600
1
&
3
17%
•
5
2%
2%
Engineering
Rice Stix Dry Goods
Richmond Radiator
6y4
6%
1
Co
(Robert
3%
1
3%
4%
1
3% May
1% May
Aug
7% May
70
30%
Nov
13
May
pfd F
Rofcser & Pendleton Inc
Oct
23,700
•
•
5
10
Quaker Oats common
6%
preferred
Quebec Power Co
(Texas Corp) v t c
Rochester Gas & Elec 4%
10
1 %
50
Sep
1%
3%
May
3% May
Rio Grande Valley Gas Co—
57
6%
100
preferred
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
Sep
200
5%
94y2
of Colorado—
cumulative
4% %
*
Feb
2,000
71
__
260
25
~6
Corp oi Nevada
Prosperity Co class B
Jan
12%
IV2
--
of America
Pressed Metals
Producers
5
61%
6%
102'% 104
100% 101
*
*
1
common
5%
59%
__
41% Mar
38% Mar
Nov
6% Feb
14% July
Oct
3%
12V2
__
lo
10
Y
Jan
July
10% May
9
--
•
N Y & Honduras Rosarlo
N Y Merchandise
N
Oct
9
12%
1
common
May
21% May
~3%
5%
20
& Arizona Land
.Tun
15%
15
1
Mining Co
New Process Co
Nov
Apr
*
4%% convertible preferred
Zinc—
43
11%
y4
100
New Jersey
Jan
45
10 V4
_4
5
England Tel & Tel
Haven Clock & Watch Co
Aug
4% Feb
17%
5
Nestle Le Mur Co class A
Nov
8
200
36
30c
Nelson (Herman) Corp
Neptune Meter common
Jun
16%
12,700
•
1
Nov
Nov
85
12% July
12%
12%
Ltd
common
National Transit
Feb
34%
31%
29
14% July
13%
13
10 %
12%
2,600
1,100
Jan
2%
11 %
11%
2
Jun
35%
32
July
41% Sep
13%
12
--
National Radiator Co.
11% May
5% Apr
370
38
36%
—
7%
200
8
34%
32
194
N
Nachman
Inc
Public Service
100
Murray Ohio Mfg Co__
Muskegon Piston Ring common
Muskogee Co
Pratt & Lambert Co
12 %
•
Tel
&
Corp of Canada common
1st preferred
50
5c
Mountain States Power common
6%
300
6%
10c
Producers
Powdrell
13%
24
*
America
Mining Co
& Alexander common
Polaris
15%
lo
of
City Copper common
Feb
40%
1
Ltd
Jun
2%
7'/(
176%
Nov
16
97
shares
Johnson Ltd Amer
4%
7%
*
14
Sep
Feb
l
Ward A
Investors partic pfd
States
Nov
33
5
Montgomery
Jun
9%
29
18 %
*
Nov
7%
1
Utilities-—
Corp
31
Oct
*
common
Oct
9%
200
11
Pierce Governor common
3V2
36
1
Society A
Dakota
Jun
21%
100
common
18
2,100
10%
*
100
*
Missouri Public Service
Molybdenum Corp
Monogram Pictures
Philadelphia Co common
3%
2%
50
Mining Corp of Canada
Feb
Jan
Jun
Jan
14
.
Phillips Packing Co
13%
1
8%
12J/2
24%
2.50
50c
•
Corp—
Pharis Tire & Rubber common
Circle
Perfect
15%
15:
*
preferred
37%
Oct
34,400
1
20
(The)
Pepperell Mfg Co
Pep Boys
Piper Aircraft Corp common
Pitney-Bowes Inc
Pittsburgh Bess & Lake Erie RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
Pleasant Valley Wine Co
Pneumatic Scale common
400
23
Co
Penn Water & Power
3%
___50c
common—
convertible
&
22
pfd
Traffic Co
Power
10
Wohl Co
P
12 % May
Light 4%%
Penn Power &
Penn
Pioneer Gold Mines
25 y4
23
50c
Midwest Piping & Supply common
Mid-West Refineries
Sep
4% May
11
25
—
common
Oct
7%
•
2,500
1,600
12
1
Penn Gas & Elec class A
Feb
8
10%
Products—
common
6%
Jan
60
Corp—
Mid-West Abrasive
Mountain
Feb
July
33% Jan
Sep
3% May
*
Mountain
45
15
300
7%
9%
t c__l
v
33%
5%
8
35%
32
104
100%
*
25
Telephone common
$1 cumulative preferred—,
Peninsular
Pinchin
7
2%
10
Steel
Mountain
38% May
8% May
24
43%
7
$2 non-cum dividend shares
Montana
28
700
*
Monroe
7% Aug
Jan
108%
*
vtc
Minnesota
13%
4%
4%
2.50
pfd
4%%
7
_4%
--
"4%
1
Jan
Nov
Mar
11
Penn-Dixie Cement warrants
25 %
15
Ex-distribution
Miller
Mar
Pennroad Corp common
23%
1
Midland Oil Corp $1
Midwest
5
8% AUg
Oct
200
40
25c
Preferred
Co
Sep
May
6% Aug
5%
__
25 y4
100
Corp
Micromatic Hone Corp
Middle States Petroleum cJass A
Midland
65
5% NOV
5%
*
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co
Midvale
July
11% May
1
Participating preferred
Middle West
38
Jun
Jan
300
—
5
common
preferred
B
Jan
25%
14
14
1
Messabi Iron Co
Class
20%
10% Oct
20% Feb
•
Co
Textile
Oct
7
21% AUg
1,700
200
Warrants
6%%
Nov
3
*
Co
Merritt Chapman & Scott
Metal
Sep
10
5%
*
Memphis Natural Gas
Menasco
5%
18
39%
—
10
-
Dredging
Johnson
Mead
preferred
common
2%
38%
116
Xl3
1
Pacific Gas & Elec 6%
"9%
1
preferred
McWilliams
1,800
--
*
Jan
Nov
12%
32%
Pacific Can Co common
15% Jan
13
Apr
23% Jun
10
1V4 May
31
109%
29%
11
33
6%
5
1st pfd
25
1st preferred
25
Pacific Lighting $5 preferred-.*
•
Pacific Power & Light 5% pfd
100
Pacific PubUc Service.
*
$1.30 1st preferred
*
Page-HCrsey Tubes common
_*
Pan American Airways warrants
Pantepec Oil of Venezuela Amer shrs__
Paramount Motors Corp
1
Parker Pen Co
5
Parkersburg Rig & Reel
1
Patchogue Plymouth Mills
*
io9%May
113
38 %
£l
50
310
1,200
Jan
Marine
Shovel
convertible
McCord
700
19%
—
Co common
McAleer Mfg
7
18
•
Ltd
Co
ey2
7
18%
1
*
common^
Manischewitz
1%
38%
Nov
M
Public Service Co
1%
38%
51/2%
Maine
High
Jan
16%
1,325
21,400
16%
Mackintosh-Hemphill Co
Low
1% Jan
%
55
IIOV4III
__
Range Since January 1
High
109% 110%
—
•
100
15
1
*
-1
Old Poindexter
49
•
.
Exploration
1
& Light $6 pfd——-*
2
Lynch Corp
31
Jun
Ohio Power 4%%
Overseas
Land &
Louisiana Power
16%
21
8V4
Low
50o
Ogden Corp common—
.
Ohio Brass Co class B common
Feb
J&n
23% Sep
16 %
21
Shares
Feb
32%
tf% May
21%
25'/2
9'/a
25% July
preferred A ctfs of dep_
preferred B ctfs of dep
6%
20
x21
Logahsport Distilling Co
1
Star Gas Corp common—10
Longines-Wittnauer Watch Co__
—1
Long Island Lighting Co-
Sales
for Week
Oct
13% May
5
Lone
of Prices
'
300
*
-
Sale Prlo*
Par
High
17 %
20%
9%
•
Week'*
Rang*
Last
.
Curb Exchang*
New York
Range Binoe January 1
LOW
*
A
Locke Steel Chain
1%
Share*
High
25%
preferred—25
class
of Price*
16%
10
Inc 6%
Lit Brothers common
Friday
STOCKS—
for Week
Low
5
WEEK ENDING NOVEMBER 21
FOR
Sales
Bangs
Sale Price
Pat
Llpton
Week's
XAst
2127)
EXCHANGE
CURB
YORK
NCW
STOCKS—
CHRONICLE
COMMERCIAL & FINANCIAL
6% NOV
Rolls Royce Ltd—
Amer dep rets for ord reg
Rome Cable Corp common
20
97
Nov
107 % Mar
33
150
25
Mar
11
Oct
1%
£1
mmmm
5
Roosevelt Field Inc
5
6%
6%
6%
800
3'A
Apr
Root
1
21%
21%
22%
5,200
ey2
Jan
10
20%
19%
12
1'2
Petroleum
Co
Rotary Electric Steel Co
Royalite Oil Co Ltd.;
Russeks Fifth
Ave
21
700
15 y2
Apr
15
Apr
,12
600
10% July
3'/2 May
•
1.23
common
82
Jan
10%
Feb
Ryerson & Haynes
«ldU
2% Feb
99
31 %
•
1
4%
4%
4%
300
*
Ryan Aeronautical Co
Ryan Consolidated Petroleum
2%
l8/a May
99
100
9%
9%
11%
31,400
6%
l
6%
5%
Corp Ltd
•
15
50
14%
41 %
14%
Class A $2 conv pref
41%
42%
1
10%
10%
13
common—
3,600
5
Sep
3%
Apr
33
Nov
14% July
7% Oct
22% NOV
24% Feb
18%
Feb
14
Feb
6%
Feb
11'A Nov
6%
Nov
Jan
21% Jan
47%
Shipbuilding Corp—
Founders shares-
1
Niagara Hudson Power common
5% 1st preferred
5% 2d preferred
Class B optional warrants
1
14
14
13
9%
8%
9
200
%
13,400
10
Jun
7% May
15% Sep
10%
Jan
100
103
104
450
103
Nov
124
100
"
103
121
121
121
530
110
Apr
122% July
%
%
800
% May
Niagara Share Corp class B com
5
9%
9%
9 y2
2,000
Niles-Bement-Pond
*
12 %
11%
12%
2,300
8% May
9% May
13'A
13 y4
Tj
Jan
1% Jan
St
Lawrence
Salt Dome Oil Co_
United
Samson
Corp
(Del)
Savoy Oil Inc
Nineteen Hundred Corp B
1
13 %
Nipissing
5
__
Mines
Electric
Noma
1
North Amer Light & Power common__i
$6
preferred
*
North American Rayon class A
Class
B
•
Utility Securities
Central Texas Oil
Penn
RR Co
1
pfd_100
page
37.
Ins
Jan
Aug
14 % Aug
2
20%
Jan
Schiff Co
Schulte
(D A)
1
Steel
3%
33
*
Manufacturing
Jan
Scullin
8,100
6% May
11%
Feb
155 % May
189%
Nov
Securities Corp General
Beeman Bros Inc
43
45%
1,300
43
1
*
400
11
~3
Apr
45 %
Nov
43
Sep
Selby Shoe Co
14%
100
10
4,700
3
104
1
0
1
to'-
~7%
7%
20 %
20%
44%
8
23%
3,600
*
Segal Lock & Hardware
Apr
97%
—
common
30%
3%
3
%
Co
32
2%
14%
May
Nov
5%
Jan
Mar
14%
Nov
7%
Jan
Nov
Selected
Industries
Convertible
$5.50
101%
Jun
Nov
110
Jan
Semler
Feb
Sentinel
46%
1,900
1.700
20%
31%
Nov
9% Mar
Feb
Allotment
common
!
1
5
200
Inc
Radio
Sentry
Safety
Serrick
Corp
Corp
common
Control
class B_
1
1
1
1
1 Vb May
26
May
Oct
Oct
Nov
5%
Feb
3
Oct
6'/a
Feb
37%
Sep
4,600
3%
Jun
6%
Jan
1,400
29%
Apr
37 y2
Jan
12%
12
12%
400
18
18
.
4
3%
2%
2%
100
200
3
9,500
2%
5,400
17
18%
82
2%
18
83
2%
2%
18%
May
2% Aug
Feb
4V4
Jan
Feb
2
19
% May
May
2
Apr
3%
1,S00
13
May
21%
150
78
May
90% July
80 V2
5%
13%
21%
May
__
"2%
8
17
certificates
(R B)
2 y4 May
16%
44%
13
33%
25
stock
prior
Feb
30% May
5% Aug
Inc
stock
600
Jan
32 %
1
775
2%
31l/a
6V2
3% May
31
31
25
Inc common-
Scovill
27 y4 May
100
2%
2%
*
common—,
7%
er-
_•
Novadel-Aerene Com
see
5,300
10%
25c
1
7% May
1,900
2%
2%
1
common
Sayre & Fisher Brick Co
189 %
7 y2
T-H CO
1
Aircraft Inc
footnotes
19
300
1,800
15%
Feb
Feb
42
—
25
For
i3s
50
:
Power class A
Northrop
1
•
Northern Indiana Pub Serv 5%
Northern States
16%
7%
5
Northeast Airlines
North
18%
189 %
•
common
North American
Northern
l.'o
10%
2,400
23,500
Jun
4%
Jan
24
92
Feb
Feb
Feb
July
"5%
_5%
1,400
5% May
13%
Jan
2%
2%
200
2 % May
4%
Feb
1
Apr
2
Feb
8%
Jan
—
—
13 y4 Aug
35
36
(2128)
THE
COMMERCIAL
NEW
YORK
RANGE
Friday
STOCKS—
New York
Curb
Week's
Range
Leather
Shares
Shattuck Denn Mining
*
preferred
8
17%
14%
13
15
2,000
70 %
71%
1,500
of
Canada
preferred
Boss
£ 1
Paper Mills
Coast
475
8 Vb
8%
4%
—
410
4%
500
94
__
10
10 Vb
10
11%
3%
4
4 Va
1
4
3%
1
9%
8%
Corp common
1
Waco
Nov
Sep
Wagner Baking voting
7%
preferred
27
Feb
10
36 'A
36
30
3'/a
Corp
Standard
Forgings
Standard
Oil
Westmoreland
15'A
Jan
Sep
8%
Feb
43/a
Sep
5
May
3'A May
10 Va
Standard
Power &
Nov
29%
800
28%
Nov
33% July
251/2
200
25%
Nov
29 %
800
3%
Aug
600
161/2
Jan
5'/a
5'/a
100
6 »/2
200
1%
200
2%
17,600
9%
Nov
25%
23%
Nov
36
300
3
Oct
May
9%
900
9%
Nov
291/a
30
3,100
27%
Jun
1%
2
2,000
2
110
Co
115 %
90
8%
1% May
1% Oct
900
81/4
100
May
8%
Sep
12%
Feb
700
4%
Nov
5%
Nov
3
Sep
4% May
4%
Feb
800
5Vb
450
8%
Stetson
14%
14'A
100
l'/a
1,200
16%
16 'A
50
23 »A
23'A
50
20
31%
32'A
500
26
7%
7%
100
(Si
32
25c
common
Superior Portland Cement, Inc
Superior Tool & Die Co
Feb
27%
Feb
14%
Jun
29%
Feb
6%
Jan
8%
Oct
23/S
5,400
2'A
Sep
5%
9%
17
"3%
Swan Finch Oil Corp
77%
100
1,600
7
May
11% May
13%
Feb
17%
Jan
2%
Jan
1
& Co common
Corp
Drug
Feb
200
2%
Stinnes
9%
8'A
8'A
(Hugo) Corp
Stop & Shop Inc
17'A
150
3%
800
3%
10
1
Nov
131/4 May
Feb
Sep
May
7
18
32
Feb
May
35% Aug
Jun
121/4 May
3% Jun
12%
Technicolor Inc
A^xas
_
_
•
common
Power &
Light 1%
Textron
Tnew
&
1,200
3,400
12
14
14
50
(R
C)
Apr
10
July
20%
Jan
4%
Jan
16% Nov
14%
70
12 Va
300
Jan
10%
Oct
29'A May
103/4 May
34%
Wilson
P
&
Woodall
(F W)
American
deposit
pfd—
__
_
117
8%
Jan
Apr
Tonopah Mining of Nevada
14%
15
500
——
__
7
7
200
53
53%
—
....
200
Jan
Nov
12% May
12
53/4
Apr
Apr
49
Jun
l'/a
8
July
1
Oct
93%
340
79
May
100% 100%
200
99%
90
22%
Jan
19
Oct
Amer
Writing
Appalachian
Elec
&
2%
105
Jan
July
102%
Oct
1%
Jan
l'A
600
l'/a May
3%
700
3% May
2%
1,900
l3/4 May
27
Jun
3%
Jan
32%
series
4% May
Oct
7%
Oct
12'/a
Unexcelled
Union
Ur.ion
Oil
$3.75
Union
Chemicals
Gas
of
—
6%
9%
Co
pfd
United
7%
—
1,700
10
300
8%
A5s
States
(10%
A5%s
Cities
United
*
A
Omaha
Products
Service
Corp
Corp common
Gas
Light
&
United
Milk
Products
•
10
Railways
7
common
•
Preferred
26
21%
__
37
38%
150
16%
17%
2,100
22%
7,200
21%
Mar
29
14%
May
Apr
Apr
40
% May
Jan
Aug
1§
Jan
45% Mar
18%
Oct
19% May
27%
Feb
27%
28
50
16%
Apr
28
26%
20
24
Apr
28
Feb
United
Profit
10%
RR
&
Canal
100
Sharing
10
Specialties
U S Foil
U
Co
U
S
Graphite
S
and
1st
S
200
2,725
Radiator
61%
61%
63%
41'%
41%
42
260
10 %
10%
200
1
1
14%
13%
14%
19%
19
20
Consolidated
&
Jan
Sep
71%
40%
Nov
49% July
8% May
Apr
14%
Feb
Jan
4,500
11
May
23%
400
15
May
20% Nov
900
2
May
3%
85
200
82
Jan
89%
1
15 %
14%
15%
900
10% May
2% Oct
2%
2%
1,100
2%
2%
2%
1
50c
Oil__
-
10
2%
__
40%
44
1,100
common
10
common
*
29
3%
23
29
,
2%
Jun
26%
Feb
Apr
18% Feb
3%
Oct
3%
Feb
Apr
19% July
44
Nov
23
.5
Petroleum
1
Venezuela
Syndicate Inc
Manufacturing
For
footnotes
see
page
111%
Q-F
111% Ul'A
+
100%
165
4
ref
mtge
1st
ref
mtge 2%s ser
2%s series R
98
96
202
64
87%
97
121
64
M-S
105
104% 105%
19
1981
of
N
mtge
24
103%
105'A
29
104%
106%
432
84%
81%
1:105%
93%
105%
—
"3
100% 100%
M-N
99'A 100
107%
100%
106%
99%
105%
25
107% 107 34
109
107
114%
116%
83
119%
—
t115
—
120
—
Division—
J
B
57 "2
58%
6
55
27
27
2
25
98% 100
16
68%
1993
May
1965
J-J
1956
M-S
1961
M-S
AGeneral Rayon Co 6s ser a
1948
J-D
Western Ry. 4s
1950
J-J
$ 103
104%
103%
105'A
1963
J-D
+
103%
103
106%
Eastern
Gas
4s
104%
97
106
103%
RR—•
mtge 4s ser A
A 1st
A-O
1993
City)
81%
A-O
M-N
1954
(Bait
Western
84%
96
—
1962
&
Lackawanna
1st
(Bait)
Q
4%s
Lack
106
95 %
P
ser
Gas
mtge
115%
165
100'A
16
97
debs
conv
110%
165
180
100% 101
J-J
Pwr
ref
5s
&
ser
Fuel
3%s
Residential
100
Grand Trunk
Mountain
Power
3%s
Guantanamo & Western
6s
series
lien
ref
International
A6'As
A-O
103%
104%
J-J
1023a
102 3a
102 33
19
102%
104
1963
F-A
103'A
103'A 103'A
3
103
105%
1970
M-N
104'A 104'A
1
104%
108%
1955
J-D
58'A
—
58'A
1104
1104
__
—
2
104'A
68
56%
104%
1033/,
__
107%
Power Sec—
1941
30
28
28
3
28
28
28
1
27
27
27
1
27
J-J
99%
99 3 4 100%
47
J-J
71
66%
51
F-A
1957
1952
—
1957
1952
1963
J-J
3%s
1966
1969
J-J
1956
F-A
1963
A-O
4%
.
to
1:20
__
71
25
__
.
109'A
M-S
M-N
N Y & Westchester Ltg 4s
2004
J-D
Ohio Power
1968
A-0
105%
a-O
102'A
102% 103%
1964
J-J
3'As
109
104
53
2
65
102%
103%
104%
105%
107%
tlOl
111
13
105% 106
1971
1st mtge
mtge 3s
42'A
105
102
1
103'A 103%
tl07
94
30
1043A
60
1961
42
102%
65
__
109%
1967
42
98%
U02% 103
58'A
42
28
1:104% 106
__
41
28%
J-D
Light 3'As
&
at
J-J
42
28
__
1952
6s.
28
43
30
1957
Power
29 %
1955
coup)
F
Power
$26
Milwaukee Gas & Light 4'As
New England Power 3'As
1st
65
1950
(July 1941 coupon)
Extended
103
84
55
__
1949
(Aug 1941 coupon)
Debenture
$63
J-J
E
series
124
63
A-O
5s
(Dec 1
series
120
--
1958
A6%s series C
A7s
t
1949
Indianapolis Power & Lt 3'As
A7s
i
69
Jan
6s
a
B
&
O
t—
Jan
ser
Indiana Service 5s
1st
++
—
36%
106
98%
Bank—
Mtge
standard—/
Park Lexington
1st mtge 3s
Pennsylvania Water & Power 3%S-1964
90'A
J-D
1970
105
J-J
New Jersey—
certificates
Queens Borough Gas & Electric—
6%
perpetual
5'As series A
$ 104
/.
IC
•
23
May
32% Mar
3%
3%
1,800
3
May
4%
Jan
22%
23%
1,700
21
May
23 Va
NOV
37.
10 %
10
10%
1,300
8
106%
101
106'A
30
94
6%
3%
13%
6%
3%
13
M-N
A-0
1952
Safe Harbor Water Power Corp 3s_1981
107%
101%
104
12
105%
109
8
102%
107
2
90%
105
77
1
107
92
104%
108
107 »/8
--
146
105
146%
8
105
105%
16
M-N
San
109
146
170
104%
tioo
106
108'A
Joaquin Lt & Pwr 6s B
1952
M-S
116% 116%
2
Scullin Steel inc mtge 3s
Southern California Edison
1951
a-0
100'A 100'A
1
1965
M-S
1970
A-0
Southern
California
Southern
Counties
1st mtge
Gas
Gas
3s
3'As
(Calif)
103
103
104'A
8
100
100
105
105
5
5s_
inc 5s
1989
1950
M-N
1102
f 112
116
1966
A-O
3'As
107%
105%
103%
A-O
trust
Spalding (A G)
AStarrett Corp
103
1
F-A
Elec
&
5s
collateral
May
May
123/4
Feb
100'A
ib#*
>
J-J
1970
Gas
108'A
121'A
97%
34
106'A 106%
116
—
—1971
3s——
Southwestern
•
(Hugo) Corp—
A 7-4s 3rd stamped
+
68%
108
Stinnes
(Hugo)
ir?k)
•3'19;1
89%
68
—
Wash
126% Mar
West
income
Water
Penn
6:%
1,700
7% May
West
3-%
5,000
2%
Feb
4
July
300
11%
Sep
14
Feb
J-J
1:27
33
of N J 4s
31
-'/•
■■
1946
A-0
28
28
1949
J-D
1103%
—
2
'
47%
'
C'
t:
f 4 •>,
*
28 A
47%
103%
■
106%
Hotel—
1954
M-S
3'As
1964
J-D
5s
2030
A-O
debs
Power
Electric
76'A
107%
78
4
107% 10734
U07
63 '/a
82
107%
110
105'A
108
1
115%
122
1
■101%
4
108
Western
13%
5...;
1946
1
Industries—
stamped—
t
104%
101
.
71%'
t
100-105%
7105'>
Stinnes
A5s
1
common
convertiblefpreferred
Venezuelan
J-D
J-D
3s
&
1st
Waldorf-Astoria
Vogt
108'/a
1969
Lt
1st
A7-4s 2nd
$4
106%
1976
El
Gas
United Electric Co
Valspar Corp
1
Jan
.150
10
Co
105%
106'A 106%
106%
13% Mar
60
84
5
Light
Feb
84
Sugar
Utah Power
3 Va
*
Insurance
Products
1% May
*
common
Universal
Feb
warrants
common
Universal
293%
Securities
with
Reclaiming Co
Stores
__
5
Universal
Oct
10
__
25
common
International
Utah-Idaho
__
1%
B
preferred
U S Rubber
United
common
class
$5
U
1%
25
common
Preferred
United
Apr
248
25c
Machinery
J-J
M-S
3'As
7%
7% Mar
preferred
Shoe
99%
Public Service of
dep rets ord regis
NJ
26
100
111%
Nov
26 %
United Molasses Co Ltd—■
United
M-N
J-J
McCord Corp deb 4'As
Midland Valley RR—
34,500
119%
103%
105% 106
Consol
Kansas
%
106
115
100%
104
Jun
%
45
27
120
106
Apr
Feb
1067a
High
102'A
99% 101%
1013a
J-D
Low
100%
1003i 101%
*118
J-J
104
7
7%
106
A-O
104%
62
January 1
No.
1948
Altalian Superpower 6s
Jun
J-J
106
M-Q
Kansas Electric
27/8 May
Range Since
Sold
—
J-J
Feb
56
J-D
JlOOaA
1969
Jan
Nov
J-J
1958
9%
92%
Bonds
High
1977
11%
75
Friday's
5s
Sep
94
or
Bid & Asked
3s
7% May
5% May
3%
Week's Range
Last
Sale Price
Debenture
6
1,800
26 %
Feb
1954
'5s
Debenture
1,100
3%
'
Jan
~3%
Debentures
1,900
3%
17%
14 Va
Jan 1966
7%
3%
__
Sep
May
Corp—
5s
7%
/,
Elastic
United
United
Electric
redeemed)
7
*
common
9%
~2%
1998
redeemed)
(10%
2% Aug
100
warrants
Nov
8,100
1970
1,000
x92%
50c
com
Feb
13%
2%
1964
„
7%
7%
__
*
United
Amer
6s
2%
Calif—
Chemicals
Corp
5
16%
Jun
2%
1955
A
2%s
2%
*
Yards of
Aircraft
United
United
of
series
Stock
Corp
Co
May
2%
1953
5'As
Interstate Power 5s
10c
Canada
Investment
11
9%
2024
6s
4'As
deb
Steel
Edison
§Central
Feb
7%
—
Corp
400
9,100
1970
C
Bethlehem
Boston
A7s
Union
3'As
City Electric 3'As
Telephone of Canada—
5s
Feb
J
-
4% Mar
U
Realization
Feb
13%
Period
Atlantic
A 7s
Ulen
Feb
Nov
14
1960
Tel
Hygrade Food 6s
Jan
1%
X
Oct
108 %
105
11'A
1961
Power
Electric
Tel
12%
2%
•
preferred
17%
133/8
Interest
6s
Appalachian Power deb
Associated
Assoc
Green
33'4
Works
8%
21%
13 Vb
Exchange
Paper
73A July
63% Jan
3%
—
Lamp
Nov
Oct
l'A
*
convertible
l'/s
600
8
22%
23a
Inc
Sep
Nov
14
Oct
1
„
Jan
5%
11% May
10
Low
Feb
May
12%
X
_
_
80c
19%
122
Curb
Finland
#
Jan
5s
Elmira Water Lt & RR 5s
_
105
Friday
York
Feb
"IIlOO
105
BONDS
New
Nov
1
4'A%
Jan
19%
300
900
20 %
15
•
203A
1 1
53'a
16%
Sep
Nov
£ 1
46%
Trans Lux Corp
Tri-Continental warrants
Tung-Sol
receipts
Hargreave-s Ltd
19
——
Oct
21
1
11% May
«.
Oct
Nov
2
preference
Wright
5%
15
Ltd—
33
Security Trust Co Ltd—
dep rets ord regis
dep rets def reg
Todd Shipyards Corp
5%
15
100
Petroleum
Woolworth
300
Amer
Trunz
pfd
350
Amer
Edison
1
*
L
Sep
18
13%
25
w
common
13,400
_
27
31 %
IIV2
1
4%%
Industries Inc
Woodley
6 %
w
--
»,
common
preferred
Elec
Co
Inc
Brothers
5%
Feb
8%
Tobacco
Toledo
&
Products
15%
_
37% July
May
10
21%
*
Mar
Jan
13
Corp
46%
Stocks
Oct
32
Jun
100
Oil
Nov
155
May
May
26
275
18
River
14%
Co
Allied
105
18
35
18
Wichita
20%
-1
80
25
34
Oct
18%
Jan
Apr
45
Construction
151%
8%
113% Mar
Jun
15%
1
&
3,600
Feb
14
Co
46 %
5
common
142
vW
9'/a
May
19
&
5
common
Realty
Brewing
Tobacco
32%
13%
12
11
F-» OO
17%
10
—50c
Co
Corporation
Tilo Roofing Inc
Tivoli
700
H734 117%
2
Inc
Shovel
Thor
Tishman
13%
10%
31
III100
pfd
Texon Oil & Land Co
10'A
31
Feb
6 Va
50
Gen
•
2%
700
200
600
Consolidated
10%
Feb
18
Delaware
1
8%
31%
2'As
Taggart Corp common
Tampa Electric Co common
3% May
lVa May
18
Bell
20
Sun Ray
Feb
100
25%
Stroock
Feb
5%
19%
Sunbeam
3%
130
3'/4
5
common
2%
9
Feb
Feb
4%
61
Co
4
3'/4
Corp
Corp
B.)
2
8%
Feb
12%
29
32 % Mar
lO'/a
25
(J.
950
4
27
Nov
II
21% July
13% Feb
25%
4'/8
Feb
May
6
4% July
29%
Co common
4,900
Feb
3%
1 'A
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc
&
~6%
Jan
950
Sep
17% May
(A)
"6%
Jan
121/4
5%
'
34
Jan
24'/4
1%
Steel Co of Canada
Stein
9
9%
Standard Tube class B
(The)
Feb
17% Mar
110
Standard-Thomson
Starrett
Nov
8%
9%
Preferred
Products
8% Mar
36
41/4 May
4% May
Common class B
Standard
Jun
2Va Aug
400
31%
Wisconsin
Aug
Apr
1
Feb
46
Feb
113%
1
Willson
35%
Inc
(Wm)
Williams
36%
20
Light
2%
Jan
13%
Apr
Whitman
Jan
3%
10
2'/a
3%
Jun
Weyenberg Shoe Mfg
Nov
7
231/4
Corp
150%
Oct
Sep
common
(Ky)
18%
253/4
2% Mar
1%
8% May
111
Western Maryland Ry 7% 1st pfd—100
Tablet & Stationery com
*
Westmoreland
Coal
20
39
ll3/a
preferred
—
5
Apr
Jun
61/4
Dredging
& Coke
Apr
120
~1'3/b
300
*
57/a
29
10
%
__
1.25
preferred
102%
May
36
2.78
$6
Sep
27
341/4
convertible
___l
Virginia Coal
400
5
Co
Corp
West
27
4%
$1.60
Aircraft
Nov
3%
High
14
"6
__
Utilities
42
5'/a
"i'/a
Baking Co warrants
Manufacturing
25%
5
700
9%
110
1
Texas
300
10
Standard Cap & Seal common
Convertible preferred
Co
West
900
25
Spencer Shoe Corp
Stahl-Meyer Inc
2%
9%
30
Watch
Wentworth
30
30
29 >4
9%
l
Oct
Jan
Low
2%
ctfs ext.*
Inc
Jan
312
Range Since'January 1
High
100
93A
40%
25
preferred
Low
•
trust
pfd
Waltham
5'A
4.32%
Southern Pipe Line
Southland Royalty Co
Co
Bond
Ward
36'A
•
25
Standard
&
cum
Oct
Apr
7'A May
2,000
5,600
10'/8
original preferred
4.48% conv preference
Brewing
$2
Winnipeg
5%
Standard
Waitt
Feb
Southern California Edison—
cum
Aircraft
13
Nov
94
2,000
1,800
4'/4
4%
__
12.50
Southwest Pa Pipe Line
Jan
15
17
24
__
1
South Penn Oil common
24
73
Apr
250'A
Shares
W
Apr
6%
for Week
Feb
115% July
Sales
Range
of Prices
14% Mar
4%
Week's
Last
Sale Price
Exchange
Western
94
1
common
Curb
Par
May
10
1,800
254% 257
*
Corp
Manufacturing
South
Oct
York
High
Warner
8%
257
100
Manufacturing Co
Sonotone
22'A
11%
11%
New
39%
1
Solar Aircraft Co
Solar
Oct
*
100
preferred
(Howard)
25
__
11
9% May
67'A
Publications—
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Bioux City Gas & Elec Co—
Smith
11
Jun
106% May
23
__
•
800
__
23
•
Bimmons-Boardman
convertible
__
*
Bick's Breweries Ltd
Bilex Co common
3.90%
2'A May
17'A Nov
70%
100
Sherwin-Williams
$3
16 7
17%
800
27/a
11%
25
new -common
21
Friday
600
1
Bheller Mfg Co
Sherwin-Williams
NOVEMBER
STOCKS—
Low
14
2%
Monday, November 24, 1947
EXCHANGE
ENDING
Range Since January I
High
14
5
Shawinigan Water & Power
4%
LOW
•
common
CHRONICLE
for Week
of Prices
Par
Beton
CURB
WEEK
FOR
FINANCIAL
Sales
Last
Sale Price
Exchange
&
5%
Oct
6s
Fenn Traction 5s
Newspaper Union—
conv
s
f
debentures—
1960
;_1959
J-D
F-<4
120% 120%
101%
101% 1013/4
■3
105%
THE
Number 4649
166
Volume
RANGE
WEEK
FOR
EXCHANGE
CURB
YORK
NEW
NOVEMBER 21
ENDING
Week's Range
Friday
Interest
Foreign Governments & Municipalities
Week's Range
Friday
BONDS
Interest
Last
Feriod
Exchange
Curb
Sale Price
Friday's
or
Bonds
Sold
Range Since
January 1
A5
7s
A20-year
(Col) —
April 1946
Jan 1947
Bank
Mortgage
A20-year
7s
Mortgage Bank
Valley 7s
Bogota
Danish
Municipal
Cons
External
1955
1953
Vis
Danzig
& Waterways—
stamped
Port
AExternal
ALima
6%s
(Plan A)
reduced to 2Vis
stamped
86
AMedellin
7s
86
81
68 Vi
20
21
1951
value,
par
a
Deferred
29
14
14
14
£27
28
(issue
of May
(issue
of Oct.
1947
1947
41
41
47
1927)
AMortgage Bank of Chile 6s
Denmark 5s
Mortgage Bank of
£46 Vi
M-N
A-0
1931
1972
1S27)
A7s
J-D
J-D
46%
cumula¬
stock; "v t c," voting trust certificates;
warrants.
—
Nov.
Utili¬
40
trials
Stocks
Rails
Ralls
ties
Boifls
roads
tles
46.86
34.14
C3.46
101.06
104.22
86.95
103.31
98.88
47.08
34.01
63.52
100.97
103.89
86.47
103.30
98.65
181.71
47.78
34.00
64.01
100.86
103.98
86.45
103.15
98.61
182.17
48.04
34.00
64.18
100.76
103.88
86.30
102.98
98.48
86.48
103.00
98.51
87.15
102.99
98.67
17
98 Va
Nov.
18
_
19
20
183.17
48.76
33.90
64.59
100.74
103.80
21
Nov.
37
Grade
180.40
25 Vi
25
30
£28
10
Grade
trials
15
Nov.
Total
Second
Indus¬
60
Util-
180.26
Date—
81 Vi
90
Rail¬
First
10
Total
10
20
Indus¬
53
—
£82
10
10
18
£20'.4
-Bonds—
Stocks
Nov.
M-S
2008
6
1 Ex-distnouuon.
representative stocks ana oouui
the daily closing averages ot
52
46 34
__
£46 Vi
Parana
2Vis
32
6
2
Stock and Bond Averages
Nov.
stamped (Plan A)
Interest
reduced to
2
e Odd-lot suie.
d Ex-interest.
sale,
delivery
30
A7s
68
91
34
30
Bank of Bogota—
Mortgage
4V'o
4%
3Vi
18%
Below are
M-N
J-D
High
24Va
__
—
94
M-S
2008
Low
96
85
t—
stamped
Interost
45
g
£__
J-J
6Vis stamped_1958
(Peru)
City
Maranhao
2Vi
3 Va
J-D
J-J
tive; "conv," convertible; "M," mortgage; "n-v," non-voting
"w i." when issued; "w w," with warrants; "x w." without
M-JV
F-A
1952
5s
January I
No.
Ex-stock dividend,
n Under-the-rule sale.
rCash sale,
x Ex-dividend.
y Ex-rights.
JFriday's bid and asked prices; no sales being transacted during current week.
A Bonds
being traded flat.
^Reported in receivership.
Abbreviations used above—"codk" certificates of deposit; "cons," consolidated; "cum,"
76 Vi
22
43
Loan—
5Vis
External
£40 Vi
J-D
1948
78
65 Va
£68
of)
(see
ACauca
66Vi
72
568
A-O
J-J
1919
6 Vis
Government
Range Since
Sold
High
£26
37i
J-J
2012
2%
to
Bonds
Friday's
Low
A)
(Plan
stamped
reduced
1921
A Russian
•No
Agricultural
or
Bid & Asked
High
Low
No.
High
Low
Janeiro
de
Interest
Bid & Asked
Sale Price
Exchange
Curb
„
Rio
York
York
New
Last
Period
BONDS
New
37
(2129)
CHRONICLE
COMMERCIAL & FINANCIAL
182.61
48.72
33.92
64.46
100.66
103.86
OTHER STOCK EXCHANGES
RANGE
WEEK
FOR
NOVEMBER 21
ENDING
Friday
Sales
Week's
Last
Baltimore Stock Exchange
Last
Low
Par
Arundel Corporation
*
Baltimore Transit Co
*
Fidelity
&
—
—
45%
14%
Nov
25%
Feb
500
3%
Nov
9V4
Jan
20
Oct
100
45%
143
43
Sep
Vernon-Woodberry Mills-
Mount
Casualty
__
CJ S Fidelity
50
20
61
27'4
Nov
Jan
61
Nov
24% May
29
Jan
37
Butte
North
39% May
46 Va
Jan
4114 July
45
Reece
BONDS—
Rexall Drug, Inc
indebtedness
of
ctfs
5%
Baltimore Transit
series
5s
1975
1975
Co 4s
112
112
7614
85
__
—
112
Apr
112
76'4
85
3,000
71
July
90'/a
83
Aug
98
Feb
1966
--
102% 102%
6,500
Sep
100
88 Va
Nov
V2 Aug
200
Feb
120
Feb
19%
Feb
67c
Feb
13%
Nov
Jan
121
1%
140
Jan
May
26 Va May
39%
Oct
Nov
26%
Feb
Va
Feb
14%
Nov
16 Va
2V2 May
Mar
12
4
14%
300
V2
2%
400
1%
Feb
6%
7'a
215
6%
Nov
11%
10% May
17%
Feb
40
46
Jan
2
290
14
%
56
15
42 '/2
42 %
56%
55 '/a
10
2,395
May
44%
Jan
3% Aug
Feb
59% July
Sep
71 %
l'A
41%
130
4l'A
Nov
43
x45'/8
46%
271
40%
Jun
60%
Feb
15'A
15%
105
13%
Apr
17%
Jan
15 'A
15'A
15'4
200
13% July
18
Apr
27%
287 a
443
22% May
30'A July
6
l'A
l'A
4
28%
.12%
63 %
61
4
Inc
Westlnghouse Electric Corp
103
229
1,675
—
Co
D)
470
Nov
1,600
16%
4
25
System
(S
2,841
39'/a
14
10
Warren
13 Va
16%
4
May
26c
21
15'A
common
Rubber
Waldorf
247
14 Va May
131
138 V* 139
Feb
3,000
S
Machinery
Shoe
preferred
6 '/<
Apr
U
Mills Inc—
(subordinated)
debs
4%
—
A
Vernon-Woodberry
Mt
Fruit Co
United
$1,900
70c
Nov
12
36%
*
5
*
25
& Webster Inc
United
of Conn—
90',2
66c
16%
*
10
2.50
Machine
Union Twist Drill
Atlantic Coast Line
13%
88 Va
139
50
25
Corp
Stone
13 %
66c
High
Low
160
50
89%
*
Pacific Mills
17%
35c
13%
20
100
Pennsylvania RR
Quincy Mining Co
Feb
43
R(N H)
R
Northern
16%
35c
2.50
100
Mining
Reece Folding
50
45
43
__
110
45%
660
44%
45
Western
& Guaranty
National Bank
10
61
27'4
20
2
Common
New Amsterdam
Jan
160
New
12 %
12
12
Range Since January ]
High
LOW
1
Cos
England Electric System
England Tel & Tel
New
High
Low
Service
National
Range Sinee Jannary i
663
15
4'/a
4 >/a
146
146
45%
*
Miners Trans
Shares
Nash-Kelvinator
High
14%
15
20
Deposit Co
&
Merchants
of Prices
Sale Price
STOCKS—
Shares
1
5
Narragansett Racing Assn
for Week
Range
for Week
of Prices
Par
Sales
Week's*
Friday
Range
Sale Price
STOCKS—
850
60
Apr
May
Aug
Chicago Stock Exchange
Boston Stock
Friday
Exchange
Range
Sale Price
STOCKS—
Low
Par
100
100
Sugar Refining
Tel & Tel
American
American
__
153
1%
wi
Rights
48'A
American
Woolen
•
Anaconda
Copper
50
Bird
Son
&
__
0
100
25
Inc
Boston & Albany
RR
Boston Edison
of Prices
—
120
41%
for Week
hares
Range Since January 1
Corp common
Advanced Aluminum Castings
Admiral
High
Low
Laboratories
e
May
44%
Oct
Allied
4,780
149%
Jun
174%
Feb
American
!/'<?
30,882
IjV
Nov
2
491 a
35%
973
267a
Jan
51
280
31
17% 18%
118
121%
41 % 43 "A
410
l
46%
34%
50
202
1,982
34 7
May
14% May
Jun
117
39% May
A-
Oct
Oct
42% Mar
19*% Jan
Jan
135
50V2
Tel
common
capital
Tel Co
&
Elevated Ry stamped
lOo
__
19'A
Traveler Corp
•
__
27
325
19%
28
Boston Herald
95
Boston & Maine RR—
7%
prior preferred
class A 1st pfd stamped
8%
class B
32'A
100
5%
100
10o
100
1st pld stamped
class D 1st
10%
pfd stamped
30'A
33
5V8
Sep
Armour &
Asbestos
25 V2
37 V2
20 V2 May
25
4'A
Jun
106
4%
Jun
7%
7%
25
16%
7%
37'A
16'4
7*4
300
12 V2 May
279
6V2 May
3%
5
6%
—
Automatic
Washer
5
May
Sep
Jan
Feb
39%
8V2 July
10
July
11%
Feb
Belden
Mfg
common
•
5
10
Trust
Prop
Service
Cities
Eastern Gas & Fuel
Mass
Street
Berghoff Brewing Corp
Binks Manufacturing Co capital
—
81
Feb
89'A
81
3'A
100
1st pfd series A
100
—
5cIq
preferred adjustment
100
—
71%
25
conv
common
preferred
National
First
General
Razor
20%
—
—
•
Stores
59%
•
•
Electric
Gillette Safety
*
*
*
Employers Group Assoc
Co
36
29 %
3%
89%
100
3%
Nov
3%
Nov
Castle
75
Jun
97
Jan
25
81
82
CO
May
81
Nov
Convertible
Cent
48
3%
2
Sep
10
70 V2
Nov
50
71%
25
20
Aug
9
93 V*
47
Jan
Jan
286
20%
Jan
24 V2 Mar
65
52 V2
Nov
57
70
25
Apr
30%
36 Va
30
1,948'
3
3Va
275
48 Va
48%
8%
41 '4
69'A
376
6V2
7
35
36V2
HO
110
200
1,013
15
•
5
50
•
Royale Copper
Kennecott Copper
Lamson Corp (Del) common
6% preferredLone Star Cement
Maine
Central RR
100
___100
100
common
preferred
Massawippl Valley Ry
5%
Mathieson Alkali Works
*
Mergenthaler Linotype
Mullins Mfg Corp class B
*
1
For
footnotes
see
page
46.
—
--
—
—
—
__
36%
—
—
—
—
8%
41'4
68%
35%
58 - 60
23'A 23 %
34 Va
preferred
Util common
pfd
& Lt
Mar
Chicago Electric Mfg class A pfd
Chicago Milw St. P Pac vtc
Chicago & South Air Lines
62%
Oct
Chicago
31% May
23% May
Feb
Chrysler Corp common (new)
Cities Service Co common
Jan
41-% May
8%
Nov
108
41%
Nov
131
58% May
5 V2 July
160
23
Jun
10
110
Nov
32 Va Mar
Alum
Club
Co
common
Products
(The)
Co
4
51%
Jan
Commonwealth
Nov
Co
common
14%
1,300
2'/a
2
2 Va
750
1% May
3%
1
4
7%
7 %
7%
200
7% Oct
13)4
3%
3%
3%
200
3V2 Aug
5%
Sep
Feb
5%
5'A
5%
2,200
4% May
7'A
Feb
38 "4
37%
38'A
100
28
Apr
39'A
Oct
20%
20 Va
21%
350
I8V2
Apr
23 Va
Aug
Feb
*
10
1
1
2'4
10
5
•
5
1
850
12 Ms Sep
14
13'A
14
300
11% May
17%
Feb
18
17 %
18
200
13% May
18
Nov
13%
13%
13
9% May
12
850
52 3 £
53
200
38 Va May
58'A
11'A
59%
250
40
10%
78 Va
7 V2
36 V2
110
May
Feb
Feb
Nov
NOV
Common
Cumul
Edison
common
(new)
preferred
(new)
Dodge Mfg Corp common
Domestic Credit Corp class A
Nov
Nov
Feb
650
35
Jun
14'A
14'A
100
10%
Jan
16'4
19
100
16 Va
Apr
12
1 %
700
11% May
45
14'A
44%
46
1
*
50o
*
6%
33
7'A
1,700
33'%
6'A
33
100
*
*
•
*
2Va
10
*
21
Feb
23%
Feb
6% Nov
20
Jan
May
42
Jan
30
12
of America
24% May
35%
Nov
Flour
62
Oct
Inc
Four-Wheel Drive Auto
9%
9
%
9%
3,100
Apr
8% May
10% July
8'A
8%
1,000
7 Va Mar
8V2 Aug
1,100
6% May
13
13
9%
8%
63
28%
28%
9%
63
400
28%
50
100
60 Va
22
Jun
May
27%
Oct
Fox
(Peter) Brewing common
Oct
Nov
8
100
7% May
13%
Feb
5%
6
500
5
Aug
9V8
Feb
68
May
85
Feb
74
"7%
74
20
61%
63
800
56% Sep
66%
38%
63
38%
100
23%
Jan
40%
Oct
Jun
9%
Jan
7'%
7%
36
25
26
26
26%
*
5o
25%
25%
39
39
10
10 "2
IV*
9%
65 % Mar
28 V2
8
—
35
5
10
15'4 Mar
8'A
13
36
1
Oct
61
19
*
Eddy Paper Corp (The)
Mills
13% Feb
54%
Mar
46
10
Oct
Feb
14%
Consumers Co—
8%
46
43 V2 May
May
15%
13%
5
Inc
78
15 V2
Oct
9% May
13%
100
150
7
22 V2 Mar
Sep
211
30
Feb
2|jj
Oct
40
2%
174%
l'A
•
preferred
Towel
Nov
Jun
%
1
Chicago Corp common
51% May
784
.
common
common
W
States Pr
Convertible
Feb
Nov
l'A
Jan
'
329
S
&
Biscuit
M)
(A
Co
150
Feb
7'4
27
1 %
Central 111 Secur Corp—
Butler Bros common
&
500
44,100
Sep
Jan
17
10
39%
Oct
20% 22
52*4 52 Va
26 Va 26%
59Tb 61 Va
35
28 Va
27
3%
1.650
10 %
12%
common
Ring common
40 V2
Coleman
Isle
(E L)
Piston
Burton-Dixie Corp
Jan
>
$2
Burd
23%
'
Eastern SS Lines Inc
Corp
95
Ry—
6%
,
8%
Wl
(George
Borg-Warner Corp common
Brach & Sons (E J) capital
Central
Common
,
—
100
100
prior preferred
Jan
18
common
Carr-Consolidated
*
6% preferred
Eastern
__
Associates—
Common
4%%
__
Co
Bliss & Laughlin Inc common
Borg
25%
152% 153
500
6V2 May
3
Corp
Mfg
4%
High
Low
300
3
Corp capital
Athey Products
8%
4
26%
Range Since January 1
High
Low
5
Co common
Mfg Co common
Bruce Co
Personal
Boston
Calumet & Hecla
Shares
1
Aveo
Jan
20%
Sep
181A
714
—
—
361
for Week
8'A
1
5
•
100
wi
Rights
Bastian-Blessing Co common
Boston
Range
of Prices
Par
High
41 % 43%
152% 153'4
Sales
Week's
Last
Sales
Week's
Last
Friday
Sale Price
STOCKS—
3%
—
10'A
3%
111
38
Oct
33%
Sep
5,900
26
Nov
27
230
25
May
28
Sep
40
80
25
Apr
41
Sep
10%
250
3%
1,050
111
50
17
500
10'A
10'A
400
21
23
100
16%
Oct
9%
Jun
2% May
81
May
13% Feb
9Va May
19%
Sep
13%
4%
111
Feb
Oct
Nov
19'4 July
11%
Feb
31
Feb
38
(2130)
THE
COMMERCIAL
& FINANCIAL
CHRONICLE
Monday, November 24, 1947
OTHER STOCK EXCHANGES
RANGE FOR WEEK
Week's
Friday
Range
Shares
Low
5
General Finance Corp common
...vera 1 Motors CWP common
Gibson Refrigerator Co common
Gillette
Safety Razor
Goldblatt
uo.;sard
Bros Inc
Co
(W
1
8
9%
10Q
8
17%
Jun
6% May
50
59
3Q0
9%
8%
52
1,500
Apr
9% Jan
65
Apr
Feb
28%
29%
200
23% May
31%
10%
10%
150
10
16
20%
17%
200
•
common
16%
Hammond; Instrument Co comjnon.,,,1
.Kman
<G > Brewing Co
capitaL.^4>
Helri Werhen Corp; (neR)i-—
Horder's Inc common
Hupp Corp common
16%
11%
25'%
10%
1
27;v
10%
22
27
22
4%
4%
-100
150
,
Oct
19% May
27
Sep
15
Mar
Jun
x24
Jan
300
4%
26%
7%
17%
300
.*
Rights
Indiana Steel Products Common
Warrants
29%
22%
150
IS
25
400
22%
23%
Oct
24,300
*
Power
$6
8%
May
NOV
% Nov
3%
preferred
Jim
Brown Stores Inc common
Class A preferred—,
3%
40
3
Oct
8%
7
90
6%
Nov
24%
2%
2%
9%
9Va
100
,1
14%
12%
14%
l,05d
,*
8%
8%
a%
750
*
Kata, Drug en common—v,—
Kellogg Switchboard common
Cohen
Dow
2%
100
Jan
18
1%
Sep
8
Jun
15
11% May
6% May
15%
Kahn
Cumulative
5
Libby McNeill & Libby Common
Printing Co common
Lindsay Lt & Chem common
Field
&
6j/4
600
20%
200
17
Jun
29
20
38
May
48
class
1,100
8
May
$1
prior
Modine
preferred
16
20%
26%
26%
700
22% May
15
15
100
80%
12'%
12%
18
18
30
15%
15%
500
13% July
24%
10
10
10 %'
1,550
15%
15%
100
•
Co
23%
23%
50
17% May
23%
48
48
47%
56
36
36 %
200
29%
20
pfd
*
111
Car
*
Corp
Util
5
Co
(The)
Pressed Steel
Ruth
Jan
47%
S
May
19
Cummins
&
28
31 %
Inc
Nov
Apr
47% July
32% Oct
10
300
450
160
17
6%
17
8%
10
8%
6%
600
7
4,000
106
106
16%
20
20
8%
148
Apr
15
Jan
Apr
21
26%
Feb
Jan
Nov
17
180
23
Feb
7% Apr
5% Apr
93
Apr
9%
110
16%
Nov
26%
100
86%
Nov
93%
1
5%
5%
100
4% May
9% May
11%
11%
100
30
30%
150
28
15%
15%
16
550
12
37'%
38%
600
May
30% May
34%
32%
34%
1,900
x24% Mar
14%
14%
200
10
15%
16
700
14
11%
10
Jan
Jan
1,000
1
«
—•
common
•
•
Corp
16
May
6
Feta
Sep
Jun
15 %
Feb
15%
Oct
16% July
10%
30 %
30%
210
30
Apr
3%
3%
300
3
May
Corp
150
9%
30%
1
1
common
9%
9%
l
common
10
9%
*
«— -f
31%
6% May
8% May
400
9%
Sep
1,450
9%
Nov
100
31%
40% July
Mar
6%
500
Oct
May
10%
7
Feb
18 Ve
Oct
1
*
32
35
2
common
common
Container
26 %
9%
Feb
17%
Feb
38
Feb
4% July
13% Feb
i
10%
Nov
24%,
25%
400
16
May
May
33%
5
26%
33%
300
31
May
37%
22
22%
600
21%
Sep
26%
Jan
Mach Tool
common
Co
Co
(The)
22%
25
Corp
Co
common
58
100
Sep
59%
19%
1,100
14
May
23%
21
May
36%
Nov
54
Sep
40% May
54
Mar
23%
28
28
228
45
Apr
5%
300
4% July
69%
782
5%
314
56% May
3% Jan
44 %
50
50
16
9
9
108
6
52%
Oct
Nov
6% Feb
71
Oct
6%
Nov
38
Jun
52
49%
Sep
52 %
Feb
Sep
10%
Jan
Apr
-
8
Week's
Range
Sales
for Week
of Prices
Shares
rights
l,ow
1
15
Rights
Apex Electric
Basic
16%
16 %
111
152% 152%
337
Refractories
Cleveland
$4.50
Cliffs
common
6 %
100
82%
Electric
Motors
Glidden
Co
Hanna
(M A) 4%
Industrial
Interlake
(A G)
33
292
27 %
79
68
65
85
35%
40 % May
3%
Sep
July
8% May.
35% July54% Jan
6%
Jan
57
Feb'
79%
Oct\
12%
Feb
35%
100
92
51% Jen
65% Feb
10
24
Nov
26 %
10
41 %
Jun
61%
17%
17%
Oct
25%
a45% a45%:
17% 17%
75%
51
70
3=3%
•
11%
NOV ^
Feb
".
23
Feh-
75%
Nov
54%
Apr
108%
35% May
31
Jun
15Q
39% Feb
Oct
104
30
34
11%
50%
20
46%
May
70% Mar
125
.
106% 106 %
46%
32
130
75%
51
1
& Trans.—__
Jun
a9
8%
25%
*■
Jan
Sep
48
Nov
36%
Feb
11%
600
10
13
13
13%
375
9
Jan
14%
_»
class B
new
Feb
79
Steamship
Kelley Island Lime
McKee
Get
44%
a58% a58%.
•
—
85%
Mar
42% May
50
preferred
(Un)
July
37
50
100
cum
Rayon
80
a
*
Halle Bros preferred
526
250
53% a53 %
—*
Goodyear Tire & Rubber..—
Gray Drug Stores
Great Lakes Towing preferred
Feb
82%
65
79
(Un >——10
(Un)
7%
96
Jan-,
15,% Nov
100
(Un)——•
common
com
Jun
Oct
11 % July
5'%
a
*
common
Oct
39
5%
*
General
May
84
2,244
a52% a52%
4
(Un>
200
,
Jan
5 %
300
15%
Feb
11%
1% ,Nov
7%
33
1
Erie
Feb
Nov
174%
81%
15
Navigation(Un)—5 '
Eaton Mfg
Electric Controller
5%
16 %
38%
*
Cleveland Graphite Bronze (Un),,
Consolidated Natural Gas (Un),
Detroit & Cleveland
6 %
86
High
Nov
11% May
149% Jun
40
14%'
15 %
3%
2,255
86
1
com
1 &
a9%
a9%
1
Iron
preferred
Railroad
Low
315
l.V
Mfg
Range Sines Janaary l
High
23
22
?3
160
22
Nov
26
-Oct
40
40
34 %
Jun
52
Jan
11%
Nov
16%
Feb
Oct
—
36%
1,200
47%
220
47% Nov
•
77
73%
77
Westinghouse Elec & Mfg common.12%
500
62
28%
28%
28%
100
Wiepoldt Stores Inc common
«input
Bankshares common
Woodall Indust common.
23%
Apr
30
17
17%
350
16
Jun
•
11%
23%
Jan
11%
11%
Jun
13%
Jan
2
13%
Yaies-Amer
5
May
9% May
16%
Feb
La
Salle St
Corp
..
National Tile & Mfg-
common
Mach
I "listed
capital
Alleghany
Corp
Rolling Mill
Mining
Certain-teed
&
!
400
700
12
300
26
Co
2%
»
May
8%
8%
100
7
May
12%
Pennsylvania
5%
600
4%
Jun
6%
8%
For
1
.
200
5 %
May
8%
35%
600
32
May
39%
6%
1,600
3
May
8
17%
100
13 %
13%
800
25%
25%
257/a
110
4%
4%
5
1,800
9%
—
—
9%
300
22'/a
22%
100
26%
26%
26%
~
25
25
10
4% Apr
14% May
6%
„,
page
38% Nov
a38% a38%
3
a27 % a27%
31
S
Steel
Van
Dorn
U
common
Iron
(Un)
45
21
Apr
32
28
30
May
al6% al7
378
a9% a9%
a27% a28
45
7% May
104
22 ya May
32
al6%
* ;
:
45
10
46
a
*
13%
76%
a
16%
Nov
Feb
36% Feb
54% Feb
31% Aug
20
76%
23% Jan
61% May
79%
10
20% Feb
3% Jan
Oct
13%
70
2%
100
2% July
a75% a78 %
*;
Feb
10%
44
13%
24
53% May
2
NQV,
26%
149
2%
Warren Refining & Chemical.——
27%
35% Mar
604
a27 % a28%
•
:
Works
Jun
83
Feb
Oct
WATLING, LERCHEN & CO.
Members
New
19%
22%
Exchange
9%
4%
Sep
9% Nov
7%
Ford Building
DETROIT
Telephone: Randolph 5530
Jan
25
Jan
100
33% July
21% May
28% July
1,400
7% May
10% Feb
10% Sep
23
May
26%
28
300
16%
17
76%
76%
1,900
100
1
Detroit Stock
15%
13% Mar
17
79% July
July
Aljen Electric
1.
American. Metal Products^
16
Feb
20%
800
May
24%
10%
1,200
7% Jan
2%
12%
2%
500
2% May
—
--
10% May
Sep
4% Jan
17
Oct
Chamberlin
Co
1-*
common
of
America
Continental Motora
Crowley, Milner common
3%
,11%
.
■
>*-,
com.
-i
X
£010
3%
1,805
2
Aug
f/k—<
1
High
3%
Oct
-
,
3%'
400
"3%
Jun
5% Feb
25% Oct
24
25
450
11%
11%
210
10
May
12%
Feb
15%
15%
160
12% May
16%
Oct
9%
100
9% Nov
9% Nov
12% Feb
10% Feb
15%
Jan
9%
8%
4
-1>:
-5..
3%
Range SInee January
High
3%
24
Burroughs Adding Machine
19%
10
Rubber
LOW
—Xr
Baldwin
20%
Shares
corn-
Feb
10%
for Week
of Prices
—1
17
Sales
Range
Sale Price
1
Product*
Exchange
Week's
Last
Par
Aeronautical
l
•
STOCKS—
Feb
64
Mar
i,
Feb
30%
Friday
fe..
11 % May
2%.
Associate
Feb
300
17
Curb
Feb
14%
31
Nov
400
York
Chicago Stock Exchange
Jan
22
11%
—
New
i-
Feb
33%
Stock
Feb
12% May
24% Jun
York Stock Exchange
Detroit
46.
Jan
_
■
Feb.
Feb
•
see
4% Jan
—\
Standard Oil of Ohio common.
Oct
17%
1
,
Jun
*
(Un)———
Feb
5%
—
25
common
footnotes
1
50
Richman Bros
Nov
35%
6
""
10%
15
Corp
Co
(Un)
Corp of America (Un)
Republic Steel
Feb
8
_
United Corp
&
RR
Feb
5%
8%
—.
„
2%
V-
ZI:
Spring —'
Corp common
745
Feb
£'%'
_
10
Steel
3
X
♦
Oct
•
Vacuum Oil Co Inc
Standard Oil of N J
2%
.
Jan
commoz
common
8%
-
Nov
12%
33%
common
4% Jun
Mar
20%
•
Socony
Oil
42
100%
May
2%
Radio-Keith-Orpheum
Standard
41%
Nov
12
13%
Pepsi-Cola Co
Republic Steel Corp
31% Mav
97%
10
10
com
730
Feb
400
5
new
5%
Feb
300
4
Car
(The)
May
700
300
100% 100%
5%
17
18%
I..1
' '
Airways Corp
Picture* Inc
Co
33%
36
2% May
May
12%
•
Radio Corp of America
32%
35%
II
Central RR capitalAmerican Co
Studebaker
July
11%
Nev;- York
Oil
15 Ve
17%
•
Light
Nash-Kelvinator Corp
Motor
33%
100%
l
Radiol
&
Gas
Amer
Feb
July
•
—
Graham-Paige Motors
Paramount
79-%
l
Electric
Television
Electric
3%
15%
*
Motors
Farnsworth
3%
10
Products
Gas
Continent^)
Packard
11
15%
50
Curtiss-Wright
Laclede
150
600
1
Ano"nnda Copper
General
11
13%
13%
•
com
5
1
Youngstown Sheet & Tube
Bethlehem Steel
Columbia
900
13%
13%
May
Stocks—
American Radiator & St San
Amprirao
*
50
5
*
Radio
<5rpe]
-
4
Feb
34%
47%
Wilson
50
49%
44 %
Feb
53%
36%
Sunrav
10
50
5%
100
Sep
22
47%
Pure
Nov
3%
«
58
5
(The)
*
Pan
54
5%
__
Sep
2
2QG So
North
Jan
67%
__
-
Texas
p
40
Nov
Jan
Trane
n
40
50
3%
Oct
33%
&
Th.ir
v
Mar
5
Lamson & Sessions
capital stock
25
International Co Ltd Ctf of dep,
Sundstrand
Swilt
Jan
70
50c
Cleveland Electric Illumln.
16%
1
(Un)
Jan
10%
Body
Feb
86%
Stockyards capital,
Standard Dredging common—
Standard Forgings common
i-
69
Jun
27%
Par,
Akron Brass Mfg
American Coach &
Brewing Corp of America
July
23%
23%
156
Feb
Jun
86%
Nat
Sunbeam
31
Jun
60
Friday
American Tel & Tel
May
100
common
Society Brand Clothes
Stone
Nov
53
2
Sale Price
May
64%
25%
10
160
Sep
49% May
16%
capital
capital
Co
Prod Corp
Signode Steel Strap
Sinclair Oil Corp
L<>uis
19
.138
48%
68%
STOCKS—
Nov
50
22%
50
common-
Roebuck
by.egel
29
31
63
Cleveland Stock Exchange
Feb
150
22%
5
common
Bn.ev.mar
St
25% July
,65
__
July
General
Schwitzer
Jan
7%
50
8
Jan
48
23%
8%
common
Car
Packing
Sears
Feb
-20
105
49%
•
12 %
23%
62%
48%
50
Bank
Jan
Jun
10
♦
Printing
18
-Jun
NOV
Aug
30
100
-
er
May
34 Ye
23%
1
Pennsylvania RR capital
Peoples Gas Lt & Coke
200
30
2%
common
37%
•
23%
100
preferred
20
30
*
common
B
37
*
common
preferred-
Manufacturing
29%
37
20
common
Vv'o
29%
10
common
Bancorp
48
*
common
Pes body Coal Co class
Fot
U
Western
14% Mar
Apr
Last
American
6%
B
Apr
15
65
__
—*
class
13% Mar
10
8% May
13% May
vtc
Nunn Bush Shoe common
Quk
G—
&
69% Jan
71
12
43
8%
31
Jan
510
-
23'/a
__
•
7
-
175
• %
8%
*
Pumps
50Q
•
34% Feb
15
15%
•
Noblitt-Sparks Ind Inc capital
Northwest
14% Feb
78%
50
Mar
150
650
common
Standard
Northern
25
21 %
Mu-kegon Mot Spec class A
Northwest
P
Randall
Apr
47%
Montgomery Ward & Co
North
86
Aug>
9%
—
—-——•
Preferred
11
21
1
.
May
__
41
—5
common
Chemical
v»ttonal
9%
Jan
47%
*
common__i
Co
preferred
Mfg
Monroe
9%
7%
Nov
75
__
"
r
102
__
*
Jun
13
is
•
25
-
26% Feb
-21%, Jap
29% Feb
U0% Aug
17
12%
,100
A—
100
354
-
85
•
pfd
9%
Jfteb
28
Jun
—19% May
8% Sep
-35
26%
May
-
Sep
37% Feb
5
Oct
20
Mar
.102
v.8%
*
10
—
Lunkenheimer
% Mar
5% May
23«V
7&%
*
*
Kroger
Feb
45
1
Mickelberry's Food Prod
idle West Corp capital
Miller & Hart Inc
5%
20%
41
7
Lincoln
™«v«ha]l
6V4
*
preferred
16
8%
*
participating
National
*
heath & Co, common
16
55
37%
Jan
85
__
La Salle Ext Univ common—,
50
22
9%
__
Feb
2% May
25
—
.50
Union Stock'Yard—
Gallaher Drug
Jan
15
17%
50
102
__
—2
Gibson Art
Jan
3%
16%
'High
29% May
22%
25
,——,,.20
Drug
Hatfield
Oct
10
6%
176
22
22
8.50
(Dan)
Hobart
33 %
.3%
10%
—100
P
Eagle-Picher
Jan
8% May
T
Cincinnati
Feb
6%
1
9
&
O
% NOV
8%
300
N
common
—*
Clnicnnati Street.
Feb
23%
32%
*
Cincinnati TeleDhone
Feb
21%
22%
1
In.erstate
18% May
22%
23%
Todl tome—*
common—
C
Jan
rvo
"i dependent
Indianapolis Ppw & Lt
Preferred
Low
33
*
—
Range SInee January r *
High
33
—8
Cincinnati Gas
Feb
11% May
250
Jun
Low
__
20
Burger Brewing
Nov
10%
20
Shares
Champion Paper & Fibre——__
Churngold
—'
—*
9%
12% Oct
17Q
.
for Week
*
Baldwin
Jan
200
12
24%
22
20
May
1,900
•
4%
1?
—
16% May
16% May
1,950
11%
Jun
Industries
American Laundry Mach
American Products
Feb
19%
Sales
Range
of Prices
Par
Aluminum
Feb
*
.Week's
Last
Sale Price
STOCKS—
9% Nov
,—*
common—
Friday
20
Jan
6%
Cincinnati Slock Exchange
l
High
*
common-,--,-
Illinois Central RR
Low
20
58%
1
common-,
Great Lakes Dr & Dk
20
10
common,
H)
20
Range Since January
High
*
Candy class A
21
for Week
Of Prices
Par
General
NOVEMBER
Sales
Last
Sale Price
STOQKS—
ENDING
9%
200
6% May
6%
6%
100
6%
Oct
•
.
Number 4649
Volume 166
THE
COMMERCIAL
& FINANCIAL
CHRONICLE
(2131)
other Stock exchanges
RANGE- FOR
Week's
Friday
Last
Range
Sale Price
8TOCK8—
Bros
—
Detroit & Cleveland NavigationDetroit Edison common
Low
1
ENDING
NOVEMBER
•
Shares
—20
22%
Low
High
High
6%
Apr
8
Jan
Republic
5'/a
500
33/4
Oct
6%
Jan
Kexall
223,8
2,691
27% Mar
12 »/4
1
jBueeuomasier,
inc.
I
3%
common
5
19 %
1
12%
518
10% May
24 '/a
Detroit-Michigan Stove
Steel
Corp common
24 %
150
17%
Jan
3 %
1,650
2%
Sep
18 %
3
13% July
26% Oct
Feb
4%
24
2.50
67/a
1
82 %c
Corp common
Ryan Aeronautical Company
*
16
1
4%
Safeway Stores Inc
5
Rice
Drug,
Ranch
Co
common
Inc
Oil
Co
Oil
Sears Roebuck & Co
Federal
Mogul
Friars
Ale
Wood
Gar
19 v4
Industries
Gemmer, Manufacturing
General Motors
class
B
1
Nov
2%
Feb
6%
805
5
July
93/4
17%
240
12
17%
Nov
58%
150
May
52% Jan
Sep
23
July
1
Goebel
Brewing
Hoover
Ball
Hoskins
Motor
Lock
65% Aug
6%
225
5%
6%
2,430
29%
722
29
1,540
9%
6%
Feb
3
7% Nov
Jan
6
Jun
16
100
22% Jun
143/4 Sep
19
20
300
13% May
15
__
25c
18c
Sierra
Trading Corp.
Signal Oil & Gas class A——
4% Nov
vKaiser-Frazer common
4%
100
161/4
16%
325
15%
1
4%
16
390
5 3/4
Signal
Petroleum Co
21
Southern
Kinsel
1
1
common.__t
Drug
Wines
LaSalle
Mahon
(R
Masco
Products
Screw
McClanahan
Oil
Corp
National
4%
400
Feb
9
2
2
2
3%
3%
Oil
2%
Feb
1%
350
1 %
20,730
1%
Pacific
Standard
13/| May
1 %
4%
1%
Sep
6% Feb
35% Nov
2% Jan
Motor
River
(H
Raisin
Ryerson
Sheller
1%
Oct
Apr
27 %
Oct
15%
Timken-Detroit
Tivoli
Udylite
Oct
3%
Union
Oil
Shirt
United
Distributors
Radiator
S
Aircraft
Warner
Screw
Wayne
16% Aug
28%
30
1,927
28%
Nov
,343/4
25%
25%
356
25 Vs
Nov
29%
29
29 %
858
29
Oct
32% July
a34 %
a35
100
35%
NOV
40
Mar
.Apr
47
Feb
preferred of A..25
!
453/4
453/4
388
35
60%
60%
61%
871
51% Mar
10%
10
10%
2,707
7%
Jan
62% July
12% Sep
11%
•
50c
California
States
Western
Steel
Cons
Oil
common
Corp
14%
15
405
Jun
19%
Feb
2
13%
123/4
13%
2,500
10% May
153/a
Jan
25
24%
23%
24%
2,613
20
243/b July
79 Va Feb
a73 3/4 a76%
1
Air
Lines
Feb
Pioneer Gold Mines of British Colum—1
Jan
Zenda
Nov
41 %
150
34%
30
100
28% May
3% May
33/4 Nov
5%
5%
5%
1,030
33,4
334
100
9
9%
1,410
7%
5%
100
5%
Sep
8%
9
470
7%
Jun
13
19
Jan
6
Nov
4%
Jan
93/a
Oct
5%
Development
Gold
Jan
2,510
9%
Jan
14%
Nov
300
3%
Nov
43/4
Feb
131
16
May
7
200
ti
Apr
21
Feb
7% July
12%
550
Jan
15
July
6%
6%
100
6
Jun
7
Amer
12 %
12%
100
10
May
14
Jan
15
15%
400
11
May
18%
Feb
15%
2%
2%
100
2%
2%
1,500
1% May
3
Oct
2
2%
Jan
Jan
Ltd
25c
Company
5c
—
25c
Airlines
6c
1
Smelting & Refining Co
*
Week's
Tel & Tel
—
American
Viscose
Anaconda
Armour
Avco
Par
Basin Oil
Co
Oil
Chica
Bolsa
Corp
Broadway Dept Store
Corp
Packing
California
common
Central Investment Corp
Products
Cetrain-teed
Corp
&
Iron
Corp—1
Steel
of America,
Products
Exeter Oil
Farmers
Co
5
Jan
12%
2,600
6% May
9%
12
8,104
—
12%
12%
1,290
*
20
32%
30%
32%
29
32%
125
__
Tele
Farnsworth
Fitzsimmons
<Sc
Stores
class
(The)
Corp
Hotels
„
„
__
__
99
Hupp Corporation
1
Lane-Wells
Lockheed
Los
i'
i
:
r
Oil
Menasco
'
5
}
__
15%
Investment
__
1.30
100
Co„,
Company
12% May
al8% al8V8
3OV2
31 %
12
12 %
1,901
1,545
City Lines Inc
100
14
May
213/4
Feb
13
Apr
15%
Feb
Oct
2.05
Jan
55c
60c
6,040
300
15
7%
83a
1,206
a9%
a9%
50
10%
10%
400
,
65
Feb
34
Feb
26
12%
12%
765
1.05
1.20
3,433
1834
19%
410
4%
4%
100
95c
1.00
1,200
16c
16c
1,600
15%
16%
23%
23%
245
1.30
1.35
2,610
a270
3,870
Bendix
—
Fe
a9%
18c
7%
a9%
-
25
18c
2,900
7%
11%
170
68% Mar
110
Aug
Sep
123/4
Oct
1.35
Jan
21%
Oct
7%
Feb
4
May
65c
Jan
14c
5
.
15%
1.15
260
3,000
a8%
331
8
Nov
Apr
Jan
6c
Sep
2%
Nov
12c
Jan
36
5
70
Nov
2,230
39,016
150 Vb
Jun
173
1V4
2
52% Mar
58
Nov
42
Mar
36
639
31% May
14
14
320
10
a85
130
71 % May
5%
5%
740
4% May
15 Vb
15 %
58'5
—
a33 %
—
Bethlehem Steel Corp
*
5
—
5
—
al00%
a33 % a33 %
32
a973A
32
al00%
193/4 19%
a53% a53 Va
Jan
Nov
30
a80%
—
5
Corp.
Feb
Apr
•
153
1%
IV2
a56% a56%
35%
Oct
16%
51%
—
13
Works
Co
152%
9%
11% May
a85
Ry__100
3
Locomotive
Oil
—
5
Santa
&
Aviation
15 Vb
/j
Oct
153/4
May
Oct
97
Jan
7%
Feb
Feb
24
Nov
20
22
Mar
30%
Oct
160
32
Sep
39%
Feb
160
78
May
90
Jan
100
50
15
Jun
233/8
Oct
,46 % Mar
54
Oct
297
9% May
-rt
Pacific
(J It
Co
Ry
*
Co
Tractor
Service
25
__
*
—
11%
11%
a44% a45%
57
57
72
15%
Feb
34% Mar
343/b Mar
190
54
Sep
63
Feb
10
Electric
&
—
25
■
Co
Co
Gas
70c
1%
48c
9%
12c
Apr
May
Jan
Oct
Commonwealth
Edison
Commonwealth
Corp
Edison
Consolidated
Vultee
Continental Motors
Continental
Crown
Oil
18
243/4
1.70
Oct
July
Oct
Nov
July
39%
39%
39%
190
24
Jan
40%
Oct
•
—
all%
al2
110
10
May
12%
Sep
Jan
270
May
95c
3%
95c
Jan
Jan
Mar
Sep
14%
Jan
Jan
31c
Aug
5% May
—
•
3
*
__
May
17%
Apr
7
May
12%
Feb
„
a33
1
—
—
—
—
9%
Feb
2.35
40,190
1.10 Jan
2.35
NOV
al2% al2%
20
12"% Aug
13% Jan
15%
42
41%
of
Copper Corp
McNeill & Libby
Loew's Inc
McKesson
Robbins
Montgomery Ward
Nash-Kelvinator
&
Inc
Co, Inc
American
Packard
Motor
Pennsylvania Railroad
Phelps Dodge Corp
of
415
13
May
20%
Nov
35%
956
33
May
39%
Feb
37%
37%
210
37%
Nov
42%
Jan
al33/4 al33/4
50
13%
Sep
14%
Oct
a56% a56%
55
49%
Jun
65 % Mar
5%
6%
1,625
28
245
3
May
8
Oct
27%
Nov
36
Jan
9%
Sep
Apr
*
—
17%
__
1
—
9%
9%
150
19%
20%
870
a34% a34%
__
49
56 %
56 %
353
17%
Feb
49%
Nov
Feb
Jun
10%
19% Aug
25%
31
May
42%
Jan
Apr
62%
Feb
8%
51%
Jan
18 %
350
16
Sep
18%
Oct
13 %
13%
903
12
May
22 V4
Feb
a8%
a8'JA
31
7%
Jun
10%
Feb
Feb
17%
__
a47%
*
24%
*
10 Va
28
15
17
*
(N J)
a25
25
(Ind)
a38%
*
a40
25
Studebaker Corp
Company
Texas
Gulf
Sulphur Company
Tide Water Assoc Oil
Union
Carbide & Carbon Corp
Union
Pacific
Oct
32%
4%
Sep
73%
Feb
9%
150
9%
Nov
9%
Nov
23%
140
22%
Nov
16%
30%
Jan
17
758
16%
Nov
26%
Feb
a46% a47%
266
37%
Apr
46%
Nov
24%
25%
9Va
10 Vs
535
1,106
27%
28
915
22% Apr
28% July
7% May
23'/a May
10%
Feb
30%
Feb
14
Mar
17% Aug
17
391
a35% a35%
30
30%
Jun
47
a25
a25
50
25 %
Nov
31% May
a39%
a40
208
37% May
17
Feb
44
Feb
July
78% July
25% Feb
111
776
65%
30
333/4
Sep
37% Jan
a57%
a57
a59
a58
90
533/4
Sep
60% May
27
48 Vb
Apr
54%
23%
23%
308
18% May
253%
Oct
al053/8 al04%al05%
60
106%
Oct
a33%
—
*
__
10
•
23 %
560
a74% a76%
20%
20%
__
25
25
-
182
5
a33% a33%
a75%
1
Co
25
23%
—50
25
4%
—
*
Standard Brands Iric
Texas
20%
35%
433/b
„
Oct
20%
908
25
America
Co
Feb
260
1
Co_„
Socony-Vacuum Oil Co
Southern Raiiway Company
Swift &
Oct
6%
9%
Republic Steel Corp
Standard Oil
50%
333/4
13%
•
Company
Corp
Jun
Jun
Jun
49%
10
Co
Paramount Pictures Inc
Oil
4 Vs
12%
Fan American Airways
Radio
41%
26
48 %
•
Co
Car
20
13%
5
RR
North American Aviation Inc
North
120
49 Vb
18
Corp
Central
a33
a5%
*
*
&
75
a33
a53/8
•
7
Corp.
Kennecott
Libby
a48% a48%
273/4
5%
1
Canada—*
Feb
21%
Corp
Tel
&
Oct
11
*
Co
Tel
Jan
25
425
—
International
Feb
3%
Nov
426
37%
Co
31%
Nov
2 % May
9
*
Nickel
26%
12 %
*
International
21%
538
9
Foods Corp
:
General Public Utilities Corp
Graham-Paige Motors
574
11 %
•
Co
F)
1,460
—
5
General
(B
26%
3%
21%
3
12 %
1
Electric
26%
21%
1
5
(Del)
Corp
Class A
General
25
1
Aircraft
Co
Jan
Mar
Corp
Y)
(N
Corp
Zellerbach
Standard Oil Co
19
Apr
Co
Curtiss-Wright Corp common
Pure
1.15
23c
May
May
Company
Southern
&
Consolidated
New York
May
13% May
95c
57
1,500
Jun
Jan
82
11
3,523
87%c87%c
May
42%
280
80c
2.35
Oct
80
1 %
1
Jan
130
119
Feb
11%
831
99
Feb
9%
14%
30%
99
350
Aug
59%
80c
__
10
a45 a45%
1 %
__
5% May
30%
a270
18c
Nov
58%
80c
87%c
49c
300
7% May
52% Jan
a270
1
j j Oceanic Oil Co
Oct
200
12%
1
-
173/4
Oct
13%
300
a8
80
Goodrich
66%
20%
12%
1
4
Nordon Corporation Ltd
Sep
13%
1%
1
Jan
90
1
Co—
2Q%
al7%al8%
1
Manufacturing
Nov
4,399
__
1
I" Northrop Aircraft Inc
I
__
10c
Merchants Petroleum Co
National
;
__
1
Co
Aircraft Corp
Angeles
Mascot
__
—inc
10c
Company
Petroleum
Lincoln
333/4
333,4
Jan
—
1
Nov
23%
__
*
Corp
July
Feb
1.20
Kaiser-Frazer
15 Yb
32%
Nov
1
Petroleum Corp
Apr
25% May
19% May
20
8%
6
Company
Feb
35
*
Oil
Feb
-
17% Bay
21% May
11% May
5
Jade
Nov
20
Holly Development Co
Intercoast
13
Jun
12 % May
—
10
Corp
6% Jan
11
1.00
200
Hudson Motor Car Co
Hilton
Sep
Feb
16
55c
Goodyear Tire & Rubber Co common—*
Hancock Oil Co class A common
50c
27
20%
2
Gladding McBean & Co
1,700
Apr
16
—
1
General Motors Corp common
52%c52%c
18% May
6 3%
56%
—
1
A
16
Jan
410
__
1
Corp
a25a25%
3%
63
31%
Nat'l Bank—100
Radio
1,300
__
4
A
5%
63
50c
class
Ltd
5%
—
1
Inc
Corp
Merchants
&
Garrett
5,135
7%
*
Inc
Industries
Electrical
12%
20
Creameries
Dresser
10
7%
10%
Corp common..*
Preferred
Consolidated
High
73a
11%
2.50
Fuel
Low
a25
52%c
10'%
1
Chrysler Corp
Colorado
High
Low
Jun
119
50
(111)
Corp
Barnsdall
Columbia
*
Co
Blue Diamond Corp
Nov
10
Nov
5c
a68%a69%
14
Corp
Topeka
Baldwin
Cities
2
1
Consolidated
^42%
Range Slnee January 1
1
10
1
*
5%
2%
13,000
al5% al53/4
100
Co
Copper Mining Co
&
Mig
Case
for Week
Shares
2%c
1,000
6%c
—
l3/8
Caterpillar
Sales
Range
of Prices
42,000
2%
6c
5c
a69%
Rights
Canadian
Stock Exchange
La&t
Barnhart-Morrow
5c
2%
V"
American
Mar
11%
Co
Mining
American Radiator & Stand San Corp.*
Atchison
12%
Sale Price
common
6% Aug
Stocks-
American
Nov
10
3'/a
19
6%
6%
Friday
Bros Corp
23 % May
210
333/4 Mar
14%
3 %
Los Angeles
Barker
500
7
Jan
35
30
-1
Company
$3% May
42%
7
10
236
40%
*
Co
Inc
May
Mining Stocks-
M
Petroleum
Jun
•
-
Boemg
Airplane Company
Borg-Warner Corp
Bandiri
Jan
1
Calif
of
7%
35
STOCKS—
Apr
28%
6%
300
-_1
Products—
1.38
May
Sep
1,064
4
1
common
July
14
Jun
5
4
9
common
Oct
45c
4
4%
1
common
Oct
Nov
29%
Corporation
of
Universal
Apr
0
Corporation
Investment
130
123
1,310
4%
4%
1
Jan
6,400
2%
2%
5
common
85
100 / May
23c
16
700
3/4
1
Brewing
Union
U
Axle
Sep
60c
2 3,4
2
1
common
10c
Nov
5%
class B com
15,000
55c
10
10
Tube
19C
15%
500
5
Manufacturing
Standard
July
18C
16
15%
Haynes
Scotten-Dillon
July
33
55c
15
2
Paper
59
30
15 %
1
common
May
26% Mar
522
Jan
25%
Inc
Unlisted
W)
Products
Metal
Rickcl
48
280
37%
150
18%
*
Peninsular
150
30%
123
100
2>/2
Davis
Parke
31 Vb May
52 %
29%
123
25
1
Parker Rust-Proof
Feb
7
25% July
40% July
123
25
*
Car
Chemical
Park
3% May
21%
Feb
Nov
17% Aug
com—25
Ltd
Co
Company
Co
Transamerica
United
May
May
75c
Textron
Imperial
Packard
300
265
123
25
2
Stamping
4%
Jan
*
Bun ray Oil Corp
2% May
35% Nov
1%
—10
common
4%
14
Nov
11%
95c
52 %c May
Oct
Nov
200
135
1%
18
400
35 %
41
300
Oct
24
25
25
Calif Edison
16
Feb
35%
1
common
16
6%
High
Jan
1
Calif—
preferred
Apr
5%
35 %
of
—
preferred
So Calif Gas Co 6%
13 % May
Jun
—1
com
Motor Products
Murray
4%
0
pid
A
class
4%
2
common
C)
16
1
->
15%
*
4.48%
4.32%
Southern
King-Seeley
Kingston Products
11,900
*
Sinclair Oil Corp
Oct
21%
5
1,445
95c
9
52
30
Nov
Feb
29%
16
*
Mfg common
6%
7
3,220
Sep
5% May
2V2
com—
Car
&
9%
6%
10
Bearing
&
Manufacturing
Hudson
Hurd
-—
9
1
1
Gerity-Michigan Corp
LOW
24
80c
'
Range Since Jannarj l
High
21%
373/4
Security Company
Shell Union Oil Corp
Class B
Graham-Paige
Shares
a20% a21%
„
«
,
for Week
(
Feb
58%
*
10
1,700
5%
6
239
l'/a
17 %
1
19%
1
1
Low
1
Petroleum
Richfield
Detroit
of Prices
P or
270
22% Nov
Range
Sale Prlee
STOCKS-
7%
22%
Sales
Last
Range Slnee January l
5
5 Vb
Week's
Friday
for Week
7%
.__5
21
Sales
of Prices
Par
Davidson
WEEK
—
16 % May
93%
Jun
Sep
Apr
2.15
Railroad
—
al43%al46V8
30
18%
18%
160
23%
2%
23%
2%
100
390
17%
a44% a46%
102
43 Vb
14 %
150
133/4
Nov
a22% a223/8
a28% a28%
40
313
17%
Jan
22% May
9%
100
Co
9%
410
7% May
46%
463/4
190
44% May
a_i
—
a__
—
.
.
;;
Pacific
fi
Pacific Finance
Clay
Products
*
Corp common-
jj Pacific
\\
Gas & Elec common
6%, 1st preferred
5%% 1st preferred
——
5%
1st preferred
Pacific Lighting Corp common
Pacific Western Oil Corp
Pugct Sound
Pulp & Timber Co
—
10
25
25
25
25
*
10
*
—
,
36
—
__
—
a54%
United
Air
Sep
United
Jan
Aircraft Corporation
Corporation (Del)
U
19%
20%
690
36
34%
37%
34%
'1,126
34%
Jun
100
34%
Nov
a31% a31%
50
34%
Oct
38% Mar
a28% a28%
25
313/4
Oct
33% May
United
a54% a55%
277
54
Apr
62%
—
56%
56%
150
25
Feb
57%
—
45
.45
100
26%
Apr
45
Feb
Oct
Nov
S
Lines
Rubber
Inc
10
—
—
Westinghouse Electric Corp
Motors
(F W)„
—
5
Western Union Teleg Co class A
Willys-Overland
5
1
10
Co
Warner Bros Pictures Inc
Woolworth Co
—
*
-12%
Inc
—
—
—
a28%
1
10
—
14 %
18%
Nov
Jan
27% Mar
24%
Oct
4%
Jan
2% May
May
59
Feb
18%
Feb
26
Oct
30% July
13'A
50
Feb
Feb
..
For
footnotes
see
page
46.
i
»
—
__
—
39
40
THE COMMERCIAL
(2132)
&
FINANCIAL
CHRONICLE
Mondayy November 24, 1947
OTHER STOCK EXCHANCES
RANGE
FOR
WEEK
ENDING
NOVEMBER
Friday
Week's
Range
.
Last
STOCKS—
Sale Price
Par
American Stores
26%
100
Tel
153 %
Rights
Wks
Locomotive
Bankers Securities
13
vtc
50
Cooper
Storage
General
Motors
Gimbel
Battery
Corp
&
75
July
83'A Mar
9
May
15
11%
92
557
3
56%
100
3
Sep
Nov
322
6% May
1,147
17% Nov
24%
Jan
47
Jan
57%
Oct
820
61% Jan
65%
23%
23%
23%
163
17
39%
10
__
10
,——♦
5%
%
—
1
10%
5%
__
6
1
40
19%
16%
16%
46%
46%
46%
23%
23%
24
•
27%
113
34%
26%
113
7%
Feb
18% May
16% Nov
22%
Jan
27
Feb
340
38% May
51% Jan
22% Oct
27%
27%
309
113
32%
26%
Jan
8
35%
113
Nov
1,655
21
Jan
17%
387
1.45
3,000
63%
1,165
Colorado
Fuel
4
Crown
Zellerbach
Lone
Star
Oil
&
0
$4
Toy
United
Oil &
States
Common
2% May
20
53
Sep
26%
Jun
5
Apr
4%
Feb
24% Jan
37y2 July
preferred
Cypress Abbey Co
Di
Week's
Dow
B
of Prices
Shares
Farnsworth
Low
High
Bros
Hancock Oil
International Shoe
Johansen
Shoe
Laclede-Christy
1%
350
1% May
2%
Jan
21%
17%
Jan
7
166
310
24
Jun
49
Nov
5% Aug
26%
Oct
21%
Nov
7
4
Oct
3%
1,620
3%
14%
2,460
12%
Nov
16%
Jan
5%
5%
300
5y8
Oct
10%
Feb
Laclede Gas
l&c
60c
100
60c
37%
38%
137
32%
9%
10%
265
1
15c
18c
29
29
8
Laclede Steel
Oct
Meyer
Blanke
1st
pfd
Stix-Baer
&
Fuller
Wagner Electric
common
common
Foods
Inc
Power
Mining
Langendorf
5,000
25
Basin
National
Bank
Meier
&
Frank
Bishop
Oil
National Auto Fibres
North
American
1%
42%
Nov
Occidental
29c
Sep
Oliver
29
Nov
10c
Jan
22%
Apr
Feb
Oil
28%
85
22% May
Exchange
1
of Prices
Shares
18%
Range Since January 1
Low
18%
200
10%
11%
440
20
15
May
20
Feb
10 y
Nov
15
Nov
Jan
21
see
•
page
32
May
39%
Feb
36%
234
58 %
59%
200
51%
Jan
65%
Feb
31 y8
31%
20
•
40%
40
40%
200
36
Nov
40%
Nov
27
27
27
105
24%
Jan
29
Sep
26% May
36%
Feb
20%
32
32
30%
25%
Oct
44
Feb
41%
42%
205
37%
Jan
44
Sep
4%
50
9%
200
Sept
6 % May
10%
10%
210
9
May
12
Feb
16%
110
12
Jun
5%
5%
350
29
19%
18%
25%
25
25%
139
50
4%
4%
Jun
7%
Jan
17% July
7
Feb
30%
19%
25
278
31
65
15
July
19%
Nov
18%
45
18
May
22%
25%
150
139
6%
8
20%
23%
Oct
Oct
33%
Feb
Sep
141
Jun
6%
14
6%
Nov
10%
14%
860
13 %
May
18
54%
56
33
May
56% Nov
Week's
90
.
Jan
Jan
__
__
7%
Nov
37%
Feb
70c
Feb
70c
500
Jun
1.45
15%
16%
4,715
5% May
18%
Oct
28%
28%
28%
230
34%
Jan
18%
18%
400
27% May
17
Sep
—
__
„
__
27%
Jan
9%
9%
195
Apr
12 %
180
8% May
10% May
10%
12%
20
Feb
a34% a35%
100
33
38
Sep
Aug
12%
12%
12%
319
34%
34
35
614
12% May
29% Sep
23% May
27%
27%
163
1.25
1.15
1.30
1,620
1.10
15%
15%
860
12%
Apr
885
__
__
__
...
__
__
38c
11
11%
12%
12 %
158
11%
1.70
600
1.55
8
Lighting Corp
a76% a76%
36%
37c
11 %
8
37
40c
29%
11%
8
5
675
900
100
240
200
9% May
Shares
4%
4%
300
Rsnge Since January 1
30 %
31
1,370
8
8%
650
11%
7%
11%
7%
'
100
5,490
4
70 % May
78%
Feb
24
38
Oct
Oct
60c
Feb
Nov
31% July
13
Jan
May
25c
28%
10
Mar
7%
Jun
—
5%
6
645
5%
Nov
36 %
36 %
37 %
4,199
34%
Jun
35%
34%
35%
2,108
34%
Nov
32
32
32
388
32%
Nov
38%
Feb
29
29
29
452
29
Nov
35 %
Apr
55%
54
Apr
62%
Feb
55 %
55 %
104
104
10
101%
Oct
13%
14
511
12%
Feb
15% July
25%
25%
26
349
24%
Oct
28 %
95
95%
62
92
Aug
129
Jan
145
149
55
145
Nov
162 %
Aug
10
__
„
Co
*
-
Pulp & Timber—
Railway Electric & Equipment
•
Preferred
100
Rayonier Incorp
__
*
common
Petroleum
626
-
105
Feb
Feb
535
57%
2,409
26%
Nov
%
II,569
%
2,256
25%
Feb
45
Oct
56 %
58%
175
56%
Nov
93
Jan
31%
1,673
Nov
—
—
1
—
•
16
1
Shell
Union
Oil
S
•
13
common
Soundview Pulp Co
Cal Edison conv
So
So
Calif Gas
30%
18% May
31%
36%
36 %
755
35%
Jan
38%
Feb
23%
23%
120
10
Jan
23 %
Nov
22
—
11c
—
—
22%
753
16
16%
497
34%
34 %
70
21%
21%
A
207
20% May
9c
May
30% May
20c
781
30
30
360
25% May
33% July
33%
33%
1,890
27% Aug
35
29%
35%
331
28%
Nov
20
35%
Oct
32% July
40 % Mar
43%
45%
785
35
Apr
47
22% 22%
alO% alO%
130
17%
Jun
24%
Oct
9% Mav
15%
1%
Jan
•
45%
—
—
40
—
1.05
1.05
12
60%
60%
61%
885
10
23%
23%
23%
815
2
13
12%
13%
17,195
15%
15%
166
24
24%
1,346
20% 20%
al8% al9%
217
Associated
Oil
Corp
5
of
Calif
25
Lines
Corp
12%
10
Sugar
Consolidated
•
Oil
10
Co
Bank & U T—
1
20
100
Jan
Wells Fargo
10%
12%
Nov
Western
7%
Nov
Yellow
Feb
West Indies Sugar
Department
Cab Co
Jan
40% July
29%
35%
—
1
Jan
6%
26% July
33%
1(1
Universal
Jan
29%
25
2
u S Steel Corp common
High
July
5
ser
common
Co
Feb
17
9,700
*
Air
25%
47
Sep
11c
38
Standard Oil Co of Cal
Oil
Apr
14 % May
10c
37%
Spring Valley Co Ltd
Water
19%
31
25
pfd
Co prefererd
Pacific Co
Sperry Corp
Spiegel Inc
63% July
% Nov
45%
36%
10 pesos
Oct
Feb
Nov
%
Rheem Manufacturing Co
Richfield Oil Corp common
Safeway Stores Inc common
San Mauricio Mining
Sears, Roebuck & Co capital
57
78
54%
43%
Roos
Bi'os
Feb
May
65
%
31%
1
110
76%
54%
45%
1
com
a54% a56%
76%
-_
25
common
Republic Petroileum Co
12
Jun
Feb
14
100
36
'
Jan
9%
104
100
Victor Equipment Co
Waialua Agricultural
4%
12%
42% Jan
41 % Mar
"
common
Apr
28% Apr
6% May
Oct
Feb
Jun
July
*
Sound
United
Low
1.70
*
common
Rights
Pueet
Union
High
14
13%
Oct
Jan
Nov
•
common
Service
Pacific Western Oil Corp
Phillips
Union
Sales
for Week
of Prices
3%
Sep
29%
__
27%
17
Jan
1.60
Feb
40% Mar
Nov
15%
17%
25
Transcontinental & Western Air
Exchange
Range
Low
__
Jan
32
25
preferred
Jan
14
4%
29
320
Oct
25
preferred
Southern
138
56
10
250
Nov
19%
14%
5
70c
Jan
July
21%
Nov
10
16%
5%
220
9%
10
30
4%
-
70c
1.35
52
May
15% May
15%
5
Preferred
30
•
4G.
20%
5
preferred
Paraffine Co's
Nov
35%
.2
-
Apr
20%
July
25% Feb
25
common
Preferred
14
59%
Feb
105
High
44
36%
Nov
29
94% July
17% Apr
May
0
Aggregates
Pac Tel & Tel
High
*
42%
A
Co
Public
11%
Oct
95c
__
Feb
103% Mar
Nov
9% July
39 %
10
1st preferred
for Week
20
11
$5
28%
14
pfd__100
1st preferred
Pacific
Sales
Range
Low
5% %
class
27%
1st
82%
20%
775
1
Filters
Can
Pacific
Jan
455
*
1st
Jan
35%
52
1
B
Coast
6%
1,750
23
Nov
20
1
Cons
Pacific Gas & Elec Co
20
Co
For footnotes
Invest
Pacific
30 y4 July
1.20
443
Nov
50 %
•
Pacific
39
1.05
20%
25
May
20
1
x
Oct
8
20 %
290
19
17%
10
Petroleum
United
Class
a99% a99%
100
5,659
5
common
Feb
Week's
1.15
24
150
.
19%
10
Co
Feb
28%
—
Feb
10'A
a99%
23%
20
52
•
Co common
Morrison Knudsen
Apr
__
20%
19%
Jan
20
7
Menasco Mfg
American
20
Jan
6% July
65% Feb
*
Inc
16
20c
.
Co
Natomas Company
New Park Mining
20%
52%
1
14%
2.50
Oil
479
8
Oct,
1
Calculating Machine
Sep
Sale Price
Engine
58%
6.66%
common
Nov
Par
Diesel
58%
*
"A"
May
STOCKS—
Calif
Bk
7%
Last
Imp
__
__
common
27 y8
Friday
Atlas
4% Jan
P2
Corp
82
San Francisco Stock
Anglo
700
20
Utd
Transamerica
Co
5%
•
common
Macy (R H) & Co
Magnavox Co
Tide
Gold Mug
5%
0
Co
Kalser-Fraser
Nov
==
Juneau
5%
10
Co
100
15
*■
2
0
200
100
A
Jan
5
May
71% May
5% Mar
1
8
*
St Louis Public Service class
Feb
150
100
Co
8%
20
common
9%
92%
8
Corp
35%
5
Missouri Portland Cement
North American common (Un)
Rice-Stix
Oil
7% May
4
common
3,588
425
7
Development
8%
4
23
41
81
•
34 y8
100
common
41% July
7
Pineapple Co Ltd
North
60c
38-
1
Aug
81
July
3%
1
common
38
7%
*
Marchant
12%
10
common
50
7
1
6%
*
Knapp-Monarch
Feb
a39% a39%
81
1
20%
—
Jan
11
Jan
(R G) Inc
Apr
1
Jan
32
May
Oct
Le Tourneau
19%
•
32
Nov
6
3%
Libby McNeill & Libby
Lockheed Aircraft Corp
30
x
NoV
15%
625
41%
Feb
25%
7%
common
16
415
49%
Oct
25%
common._T
202
16
8%
Jan
"A"
Nov
Sale Price
Key common
16
15 %
8%
__
15%
1
common
Cal
May'
2.30 Aug
Inc
Co of
Oct
1.40
32% May
•
Stores
1.20 Aug
Oct
Jan
1,482
12%
July
Par
Hyde Park Brewing common
Hyydraulic P Brick preferred
100
10
common
•
Brew (new)
16
1.25
2%
Service
1
Griesedieck-Western
130
1,920
20
May
31
*
(Un)
108
May
40
13% May
32%
1
common
Oct
107
3%
10
1
General Motors common (Un)
General Shoe
common
101
30
3%
218
Last
General Electric
97
38%
12%
Feb
Jan
5
102 102 %
122% 122%
39%
11%
48%
15%
—
Feb
Jan
34%
39
105
Nov
5
common
17%
23%
Apr
3%
16%
31
23% May
stocks—
Nov
25%
39%
220
10
Mfg common
Brewing common
Radio
com—
4%
preferred
Greyhound Corp
Hale
11%
11% May
1,075
1
33
50
Friday
Mfg
&
423
1,820
33%
1.25
•
Television
12
12%
32%
•
1
Machinery Corp
Linen
102
a39%
common-
General Motors Corp common
IXL
Range Slnee January 1
High
32%
32%
12.50
__
15
32%
St. Louis Stock
Columbia
common
11%
12%
„
•
Emporium Capwell Co
Corp
5 Vo
Elder
5
Co
Eureka
5%%
Burkhart
Mfg
El Dorado Oil Works
Idaho
32%
common
Jan
__
5
com
common
Chemical Co
Hunt
Sales
for Week
Range
176
c
Oct
32%
2
Giorgio Fruit Corp class A
Class
Doernbecher
Honolulu
5
Westinghouse Air Brake
Westinghouse Electric Corp_—
17%
Nov
__
Hudson Motor Car
2,031
5
Glass
t
v
49
1
Jun
26
120
3% Nov
470
1,479
49
Gas
13
510
660
1,361
29
Mining
Shamrock
175
26%
85
1%
10
16%
11%
2%
22% July
13
Nov
29
Gas
16%
"
2nd
Food
10
Pittsburgh Plate Glass
Pittsburgh Screw & Bolt Corp
San
12%
•
Gas
~
1
$4.2ff preferred
Foster & Kleiser
36%
Refractories
Jan
26
5
15%
5
Mackintosh-Hemphill
McKinney Mfg
Mountain Fuel Supply
National Fireproofing Corp
Ohio
33
10
Walker
Jun
30
11%
35%
1
Steel
Harbison
56c
Apr
82%
35%
*
Follansbee
Oct
20 %
82 %
24
Low
10
45c
304
100
2%
35%
•
300
17%
22%
Sale Price
Devonian Oil
1
common
common
Oct
66
52c
19
2%
Par
Duquesne Brewing
Corp
Sep
1.65 Aug
22%
25
Cons Vultee Air Corp
Creameries 01 Araer Inc
56%
Feo
63
Jan
....
*
com-
Apr
50 y4 May
22%
__
•
Last
Corp
Iron
62
52c
24%
57c
__
•
22%
Friday
Electric
&
__
10
—-3%
Commonwealth Edison
Holly
&
2.50
Mines-
General Paint Corp common
Cumulative preferred
4%
Commercial
NOV
57%
1.15
Golden State Co Ltd
3%
Gas
32%
32%
56%
1.15
Aug
Pittsburgh Slock Exchange
Continental
I,615
32 %
56%
Hawaiian
Columbia
July
Feb
50% May
Co
Jan
51
Jan
106
Blaw-Knox
11
May
74%
565
55%
•
Sep
40
49
45%
Alleghany Ludlum Steel
7
25
524
43%
stocks—
410
32%
Chrysler Corp
Clayton Silver
Nov
9
1
Clorox Chemical Co
Mar
51
•
Mining Co
8
6% Mar
106 %
9
12%
May
x55%
20
_V
6% Mar
51
__
*
17
44%
13%
Jan
924
x55%
common
Oct
92%
18%
•
Improvement
3%
67
10%
„
part pfd__25
1
5
100
•
Eureka
Nov
35%
Mills
Co
3%
17%
7% May
41% Mar
Westmoreland Coal
29% July
120
„■
3%
105 106 %
___*
175
Central
Galland
1
Transit Investmt Corp 6%
Jan
common
Range Slnee January 1
LOW
High
7%
California Packing Corp common
Caterpillar Tractor Co common
1% Jan
Jan
6,009
•
3
5%
Feb
Jan
4,023
17
10
100
12
8%
% Aug
3,712
19%
•
9% May
4% May
200
3,911
19%
common
119
6%
•
common
'
5%
50
common
Cotton
Ink
Jan
May
Co
High
7%
„
100
California
Feb
Corp
Corp
12% Feb
410
•
Gas
Feb
10
18
common
United
6
9%
17%
59%
Bun Oil CO
United
66% Oct
56%
50
Paper
Feb
58%
Reading Co
Scott
Feb
50
63%
'
—
50
preferred
Oil
2-fo Oct
24%
55%
Philco Corp common
Dome
Nov
58%
RR
preference
Salt
Nov
15
55%
•
Light--
Philadelphia Electric Co
4.4%
1
205
Feb
~5
Pennsylvania Salt Mfg
$1
43,082
28% July
174%
10
Pennroad Corp
Pennsylvania Power & Light
Pennsylvania
Jun
—•
Lehigh Coal & Navigation
Lehigh Valley RR
Power
May
l/ff
77
Shares
Low
1
Preferred
High
California
23
149%
15%
3
•
13%
Brothers
National
359
1,783
U
62%
—1
Delaware Power 6c Light
Electric
Range Since January l
Low
61 %
—
2%
com
new
Brewing Co—
Publishing Co
Curtis
ft
77
—
"
Co
Chrysler Corn
Shares
Sales
for Week
of Prices
Par
Calamba Sugar
Calaveras Cement
Corp—
partic preferred-
Budd
1
15
—
Sales
for Week
Range
Sale Price
stocks—
High
25%
26%
152% 153%
—
Baldwin
6%
of Prices
Low
•
American Tel &
-
Week's
Last
Philadelphia Stock Exchange
Friday
31
1
Stores
common
—50c
—I
—
24%
—
al8%
—
—
—
34%
—
—
—
—
100
1
18% May
Jan
Oct
62
758
24%
9
34%
300
27%
9
34%
300
27%
18'%
270
12
100
Jun
20
Apr
18% Aug
18% Nov
492
260
Oct
15%
42%
100
25%
18
76%
18
12
Jun
62% July
10 % May
40%
35
Feb
14%
76%
186
Oct
51% Mar
Oct
24% July
Apr
23%
28%
May
78%
Jan
8
Aug
27%
42%
Jun
282% May
23
Sep
17% May
9 ; Apr
Apr
Oct
Nov
11%
Jan
37%
Feb
330
,
34%
23%
Jan
Jan
Jan
13% Aug
Volume 166
Number 4649
THE
COMMERCIAL
&
FINANCIAL CHRONICLE
(2133)
V'i;
^
OTHER STOCK EXCHANGES
RANGE
Friday
Week's
Last
Range
Shares
Low
ENDING
NOVEMBER
21
Range Since January 1
High
Low
STOCKS—
High
Alleghany
Corp
American
Factors
American
&
;
i
Power
American
Radiator & Std San
Smelting
&
•
Refining
Viscose
American
Woolen Co
Anaconda
27
a9%
a9Va
170
l57/o
15%
15%
a68VB a69%
International Nickel Co
May
5%
Feb
International
35
3,282
6%
% May
16%
Feb
__
Argonaut
Corp
14
com
1J/4
1%
a57
48,910
a57
May
1%
&
Co
Fe
100
Kennecott
Aviation
Matson
Navigation Co
•
Feb
M
M
1
Oct
Montgomery Ward & Co
•
2
Nov
&
J
M
&
Bethlehem
Steel
Nash-Kelvinator Corp
8
18
Oct
National Distillers Prod
•
__
Feb
N
•
3'%
2,400
3%
Jun
Central RR
Y
Aviation
American
Co
10
May
15%
Oct
North
100
69
May
96%
Jan
Northern
182
23
Oct
25% July
7% Feb
5%
300
4% May
Oahu
Pacific
1
5
com
Co
&
Pwr
Canada
Dry
Canadian
Sullivan.—:
Sugar
pfd
100
Railway
25
RR
25
Cities Service Co
commor,
Columbia
Elect
Gas &
38%
Feb
Pacific
Sep
2%
Jan
Packard
Nov
Pan
256
84%
Apr
3%
Apr
101
4%
3,605
15
14%
Aug
23
Feb
75
40%
Jun
40%
Jun
5%
17%
300
May
18%
109%
Sep
112%
50
15%
Nov
&
11%
16
475
9% May
65
33%
Jun
14%
♦
a
40
•
Natural
Gas
Y
3
•
42% Mav
54%
Co
15
132
26
Jan
39%
Continental Motors Corp
1
Continental Oil Co
164
10%
Apr
12%
Oct
Curtis Publishing Co
Curtiss-Wright Corp
65
3%
American
*
8%
84
8%
Dumbarton
Eastman
Co
•
Bridge
Kodak
27%
10
Co
alO
Jun
Goodrich
(B
F)
•
Co
Graham-Paige Motors
Ry
»
common
•
common
common
Oct
12
Feb
7 % May
4 % May
21 % May
250
25
4% July
43 % Sep
120
15% May
21%
Jan
a27% a27%
120
24
Apr
273/a
Oct
5%
100
4
Jun
6%
Sep
a37%
•
10 % May
16
35%
982
39 %
487
65
;
♦
Holly Oil Co
Hupp Corp
5%
28
6%
13
id
106
5
580
4%
Sep
9%
Nov
20
•
Co
Cement
class
•
10
A
•
Portland
Cruz
—
__
„
•
43
Jun
60%
Par
Power &
Paper
preferred
25
Corp
1
common
25
Co
common
Aircraft
Corp
Corp.—
Delaware
of
Sugar
Agnew-Surpass Shoe
Algoma Steel
new
Aluminum
Co
of
Can
4%
pfd
Week's
Range
8%
•
36
May
19% May
44
5
of Prices
Asbestos Corp
•
Bell
Pow
Life
Pap class
Telephone
Bralorne Mines
Ltd
Shares
4%
FOR
14% May
17 % May
19%
100
Oct
Nov
8%
50
8%
Nov
2,865
22%
Jan
215
180
25%
25%
420
7
71/3
450
86
86
45
75c
75c
Trac
Air
Lines
LISTED
WEEK
ENDING
Columbia
Class
British
Bruck
Forest
Products
B
Silk
Can
57c
pfd
Consolidated
High
213/8
Consumers
Gold
$1.30
common
Canada
5%:
Steamship
Wire
Canadian
&
common
—
.
807
53%
Sep
64% July
202
17
192
25
Mar
Oct
Leather
9%
59
220
27%
Co
class
Ltd
Cable
Oct
Dominion
Ltd
cl
common
Foundry
Jan
Jan
14 %
14%
—
—
340
13%
Sep
18% Feb
25c
Jun
60c
12
Dairies
common
Foundries
Dominion
Feb
435
75c
Oct
2
Jan
Dominion
Glass
Jan
23%
Jan
9%
9%
100
7
May
13
Feb
a46% a463/4
155
44
May
52%
Jan
—
a46%
Week's
Sales
Range
for Week
of Prices
Shares
Low
Range Since January 1
Low
High
13%
14%
8,747
11%
210'
5
95%
95%
97
3,512
41
40 %
41
285
38%
39
80
26%
26%
20
20%
15,710
32
784
19%
1,440
*
19%
•
20
32
32
25
19
16%
15%
Nov
14%
Feb
97
Nov
78% May
39%
Oct
43
Feb
Oct
48
Feb
.
31
Jan
14% May
20%
Nov
30%
37
Feb
19%
Nov
26
14
10
10
41
28
66
28
Voting
170%
170
172
779
165
Oct
191
Feb
Red
12%
13
30
13
20%
11,067
23%
Jan
3%
4
6,470
25%
25%
46
2%
3
150
100
100
10
100
Oct
100
Oct
Electrolux
?4
24%
60
20
Aug
29
Jan
Enamel & Heating
•
A_*
20%
3%
25%
__
24
__
__
3%
25
2%
Apr
4%
Canadian
Locomotive
Oil Companies
29 %
Jan
3%
Feb
Tar
18%
&
trust
Dominion
For
footnotes
see
page
pfd
46.
Feb
Jan
28
July
36
36
50
35
Oct
42
Jan
19%
17%
19%
21,821
12% May
19%
Nov
26 V*
26 %
26'%
100
21% May
27%
Nov
*
29
29
33
Jan
60
36
25
Chemical
common—*
ctfs
26
26
325
25%
Nov
30% May
26
100
22
Nov
30
450
22
NOV
26
112
914
92
Jan
12%
6,029
12%
Nov
105% 106%
90
100%
Nov
25%
25%
*
Textile
common
old
w
26
23 V2
22
22
22%
108%
108
12
common
i
12 %
Jun
Donnacona Paper 4% 7o
.
31
745
28
May
32%
475
16
Jan
20%
Sep
Famous
18%
18%
640
17
May
23%
Jan
Gatineau
28
28
29
450
10 %
13 %
2,565
8 3/4
Nov
31%
Jun
July
13%
Nov
14%
13%
14%
955
13
Aug
17%
42
40%
42%
445
40 %
Nov
50
Mar
,:i
25 %
23%
25%
75
19
Apr
25 %
Nov
24
23%
24
4,063
-•
May
Feb
114
Nov
100
106
13
Nov
155
17
Jan
20
19 %
19%
19%
270
19
Oct
17 %
17
17%
200
15% May
11
11
100
18
18%
606
33
*
class
A
pfd
Corp
Products
*
33
7
106% May
33% Nov
21
Jan
18%
Nov
Jun
11%
Jan
19%
Feb
26
Jan
20% July
Feb
igi/2
pfd
1
Dryden Paper
Eddy Paper Co
191/5,
28
Players
5 7c
Co
Canada
of
Pov/er
Corp
Canada
com
23%
20
100
preferred
100
110%
24
150
16% Aug
23
July
19%
20
470
17
109 109%
18%
*
*
,
preferred
5%%
•
252
100
110% 110%
109
Apr
Feb
111% May
110
Jan
111 % May
22%
•
4
4%
200
General Steel Wares
•
16%
16%
730
14%
104%
105
75
52 %
52%
5
15%
15%
1,010
3% May
5%
Jan
Feb
5 7o
preferred
common
100
-
Goodyear
Tire
Bridge
4%
pfd Inc
Gypsum Lime & Alabastine
Sen
27
Feb
38
38
150
38
Nov
45
13%
14
787
12
May
14%
Feb
Hamilton
16%
16%
16%
175
16%
Sep
19%
Jan
Howard
60
59
60
1927
104%
50
Sep
18%
104%
Nov
108%
Feb
52%
Oct
55 V*
Jan
May
16%
Jan
6% May
91/4
Jan
Mar
13%
__
__
__
__
$2.00
37%
37%
121
100
56
37%
Apr
67%
Nov
42%
Feb
Jan
12
12
2
12
May
14
45
75
40
Jan
46
Aug
15%
16%
2,465
15%
15%
ie%
950
11%
Apr
17'A
29 %
30
475
22%
Apr
37
Jan
97
97
10
97
Nov
97%
Sep
__
Smith Paper
preferred
common
15%
*
Bay Mining & Smelting
Imperial Oil Ltd
*
266
7%
13
Feb
43%
30
31
1,576
24
July
32
Oct
49
30%
50
Hudson
49
IOO
49
Nov
53%
Feb
43 %
45
1,270
40 %
Apr
45 %
Feb
15
July
11,422
12%
Jan
15 %
13%
13%
2,350
13%
Jan
15%
Apr
25
25%
25%
910
25%
Nov
£1
7%
7%
100
7%
35%
35%
33
532
2
2
3
'6,584
•
Imperial Tobacco of Canada common_5
4%
15%
__
*
*
15
14 %
Mar
44 %
•
•
47c
11
32
Feb
Nov
•
Canadian
Nov
—*
class B
prefererd
29%
13%
*
A
Mar
8% Aug
Feb
19%
113/s Aug
19% Nov
*
class
Nov
Sep
Feb
25
Alcohol
Feb
37
28
Stores Ltd
Feb
Converters class B
Ind
High
11% May
11
*
common
CO O
Cottons
B
Oct
25
Sep
30% July
17%
353
*
Dominion
Dominion Steel & Coal
23%
Canadian
Canadian
8%
6% May
8
28%
11%
Steel
&
Feb
Feb
9%
May
Canadian
common
Nov
14% Apr
27%
—35
May
•
series
I
a22% a22%
__
13%
common
19
20
Celanese
May
July
5%
3V4 May
12
a7%
a7%
—
28%
•
preferred
26
*
common-
Class A
Canadian
B
Oct
4'/a
May
Oct
•
Co
24 Va
May
43/4
11%
A—
Nov
98
63/4 May
Jan
2% May
*
Seagrams
Bridge
Dominion Coal 67c preferred
•
Breweries
Canadian Car &
Class
36%
25
Dominion
Feb
50
Canadian Bronze
$1.75
Jun
General Bakeries Ltd
preferred
Canada
a22% a23%
58%
*
Oct
•
Canada Northern Power Corp
58%
78% Aug
24% Feb
16% May
32
Sale Price
Smelting
&
85
100
^
25
*
475
•
preferred
325
470
76
20%
3
1
Distillers
23% Mar
106
Foundation
Canada Cement
63% Mar
76%
20%
a33% a33%
Feb
Mar
125
10
common
Glass
480
5
^
35
Feb
23
•
Dredging
34%
Nov
400
1
Crown Cork & Seal Co
Feb
22
26%
28
Building Products
Bulolo
Nov
25 %
4
Inc
Mining
26
100
Mills
29
103
—
—
-5
Pacific Railway
Plow
22
*
Rubber of
850
21
22
•
Power Corp class
30
MARKETS
NOVEMBER
New
British
British Columbia
29
a24%a25%
2%
Motors
(F W)
26%
«
Light & Power
1,150
Sep
Range Since January 1
Low
210
17
3%
Western
Canadian
High
Oct
July
16%
2%
Western Union Telegraph class A
*
Westinghouse Electric Corp com—12'%
Cockshutt
55 %
__
Brazilian
17
16%
Apr
—
Nov
•
A
16% July
Mar
—
common
Insurance
100
&
May
14
402
Dominion
Bathurst
36
14
Last
8%
__
25%
845
Friday
53 %
__
190
16
5
STOCKS—
8%
__
32%
15%
28% July
1
July
29%
1% July
54 %
__
Nov
Oct
Sales
for Week
65
25
Aug
19
14
Coast
Exchange
140
100
Feb
40 %
13%
West
Woolworth
100
Warrants
303/4
Nov
14% May
1,785
5%
Argus Corp Ltd common
4%% preferred
May
40
270
Mar
58
Oct
54
2,966
Willys-Overland
20%
214
23
35
18 %
45c
Feb
20
•
235
17%
5%
Jan
100
Aluminium Ltd
a26% a28%
a39% a39%
42c
7
7,932
•
Nov
5%
8%
4,240
*
Feb
10%
43c
Jun
19%
common
103/4
7% May
5%
Feb
21 %
common
7% May
200
1
4
18%
__
1,217
10%
1
5
21 %
100
10%
9%
10%
8
125
18%
100
21% May
25
Co
Petroleum
100
Low
10% Nov
6% May
50
90
Westates
700
21%
•
preferred
Nov
230
Warner Bros Pictures
Davis
5%
Feb
333/4 July
10%
76 %
Inc
Oil Co of N J
&
734
*
Acadia-Atlantic Sugar A
26%
46%
55%
29
a25
common
33^
2q
com
Jan
37% May
10%
16
•
Ltd
Brands
United
Feb
3 % May
10
—
Par
$1.50
Nov
25 Va
150
32 %
__
28
Cal Ed
Canadian Funds
Abitibi
16%
299
55 %
17%
15
43^
Montreal Stock
Bale Price
1,121
26%
Oct
Feb
15
a24% a24%
—
—
50
United
39% Aug
55% Sep
Nov
RANGE
STOCKS—
17%
26 %
a46% a47%
a9%
July
73/4 Feb
Feb
CANADIAN
Last
a9%
158
16%
a9%
—
734
Friday
125
10
122
33%0
25
Co
43,4
__
20
Jan
20
122
4%
50
Texas Company
Jan
38
50% Aug
100
28
3J4
__
Jan
20
122
4%
10
10%
Standard
Feb
39%
950
28
__
1
1
5%
—
Nov
6%
32% May
85
a37% a38%
„
a27%
1
Studebaker
47% July
200
12%
a45 a46%
6%
*
pfd
non-cum
B
Feb
19%
•
Standard
Feb
6%
728
38
a45%
l
Hobbs Battery Co class A
Class
223/4
19%
Oct
Feb
49%
5%
a57 a59%
__
May
May
Bo
Sep
12%
Apr
27%
35%
a59%
7
23%
14
Preferred
Goodyear Tire & Rubber
Northern
35%
*
Feb
10% Feb
32% Feb
173
a24%
Utah-Idaho
General Electric Co
General Food Corp
Oct
210
Socony-Vacuum Oil
49
May
7
38%
115
12%
__
Feb
225
Inc
Santa
75
a5%
a45% a45%
__
5
19 Va
23%
22
17% May
May
12
8%
Sinclair Oil Corp
27
•
Electric Bond & Share Co
780
20%
2.50
Republic Steel Corp common
Reynolds Tobacco class B
Feb
5%
„
580
25%
*
Swift
Dominguez Oil
Mill
29%
Nov
44 %
50
ai0
__
300
•
common
Corp
26% Aug
3% Jan
100
a5%
__
1
Feb
Feb
8%
common
Airways
21
858
a48% a48%
__
18
21
13%
100
Co
21% May
2% May
1,210
21%
a51% a52%
5
(Del)
May
23c
64
20%
Radio Corp of America
Radio-Keith-Orpheum
Oct
12%
3
..
14
Oct
May
Jan
21
__
Apr
13%
__
Pure Oil Co common
Aug
508
a22% a23%
__
Southern
Feb
50
25%
•
Motor
Riverside
Consolidated Edison Co of N
26%
15c
80
Feb
38%
38%
all%
__
17
3,600
20%
20
Portland Cement
Pullman
16% July
44%
44 %
__
1,135
22c
25%
Co
Pepsi Cola Co
Phelps Dodge
Feb
a43% a47%
*
17%
Oct
166
10%
__
Feb
Feb
al5% al5%
44 %
10
Commercial Solvents
Consolidated
May
101
17 %
__
25
Chesapeake & Ohio
Commonwealth
Oil
1
300
109% 109%
__
Feb
25%
20%
20
Sugar Co
28
1%
a43% a43%
„
493/a
Feb
4%
109%
Jun
19'A Aug
17%
—
1
Co
Olaa
Feb
16%
a20% a20%
__
43%
10
Pennsylvania RR Co
1%
Co
&
24%
101
„
2%
'27
Ginger Ale
I)
55
Nov
7% May
Pioneer
6%
Pacific
(J
15%
1%
4%
15
Hill
a31%a323/a
__
120
405
100
common
Railway
Preferred
Blair & Co Inc capital
Ore
capital
American
115
395
•
a49
20%
Feb
2.80
255
common
Oct
Sep
44%
20c
__
50%
15%
„
41
17%
22c
41%
5%
1%
111
a55% a56%
17%
28% May
12%
Boeing Airplane
Borden
cons
31% May
15%
1
Feb
498
Nov
Feb
Nov
50
11%
0
17%
13
20
960
15%
Co
Jan
9% May
28 Va
20
__
345
11%
Corp
Feb
36 V*
2%
115
a48%
a44%
•
*
49
13
Berkey & Gay Furniture
3%
Sep
1,525
12%
—
High
Low
2.55
a43% a44%
—
36%
100
common
•
Copper Corp
Ohio
Locomotive
Bendix
;
17
a22% a23%
__
2.50
Range Since January 1
High
a27% a28%
2.55
*
71
174%
a84% a84%
__
3
Baltimore & Ohio RR
Co
Tel
Inc
al3% al4%
„
a84%
5
Manufacturing
•
3%
5
Santa
Low
47%
__
__
5
&
Shares
35 Va
__
*
50
(111)
Topeka
Corp
Baldwin
&
North
Atchison
Great
Tel
1
Canada
Johns-Manville Corp
Feb
151
for Week
Feb
Jun
11% May
537/8 May
143
152% 153'%
Corp
Oct
2%
410
__
Mines
29%
26 % May
9
Mary
Nov
3
900
153%
Copper Mining
Mining Co
Case
2%
28%
^
American
Cal
2%
a9%
27%
210
28%
„
•
Rights
Bunker
31/.,
100
American Tel & Tel Co
Avco
177
Loew's
American
Atlas
3y2
__
*
*
a27% a28%
__
20
Foreign
American Power & Light
Armour
a28%
Range
of Prices
Par
Idaho
♦
Sales
Last
Bale Price
.
Unlisted Securities—
Air Reduction Co
Week's
Friday
for Week
of Prices
Par
WEEK
Sales
Sale Price
STOCKS—
FOR
11% May
17%
Oct
67c
preferred
preferred
13%
25%
Nov
Oct
8%
Jun
30%
Jan
40%
Oct
,2
Nov
Oct
Industrial
Rights
Accep
Corp
class
A
*
3
Oct
41
42
(2134)
THE
COMMERCIAL & FINANCIAL * CHRONICLE
LISTED
CANADIAN
RANGE
Friday
Week's
•
common
Shares
Jamaica
*
Public
Service
Ltd
7%
Bros
| Lindsay
26
Jan
Canadian Western. Lumber Co
26
30
925
26
NOV
38%
Jan
Canadian
34%
2,994
32
37%
Feb
Cassidy's Limited 1%
62
63%
9,182
63%
Nov
Chateau-Gai Wines Ltd
16%
Feb
13%
13%
1,800
12%
1,438
10
13%
13%
Cottons
common
32%
85
32
173
10
172
20
65
15%
15
17%
17%
1,455
25%
17%
25%
26
655
13%
13%
pfd
Feb
16%
Jun
12% Mar
40
Aug
14%
Sep
Consolidated
5%
Ltd
David
Feb
(R
Dominion
30
July
20
Feb
Feb
14
40
Jan
Apr
48
May
55
45
Nov
50
30
840
Eastern
Steel
26%
85
23
53
4,306
42
Ford
Great
Feb
July
26%
Nov
Hendershot
Aug
53
Jan
Hinde
&
de
25
180
25
16
May
20%
22
506
18
17
17
325
15
102%
103
20
33
33
235
62%
63%
90
18
275
26%
Oct
Feb
29
Jan
190
17%
Transport
*
Class
Regent Knitting common
Rolland Paper common
&
com
Feb
102%
18
May
Feb
103%
Paints (Can)
(Alfred) Inc
MacLaren
33
62%
Nov
71
Jan
Class
Jan
60
36 Va
Apr
42% May
40
10
36
Apr
40
Feb
23 3/4
27
32,825
14% May
27
Nov
101%
12
Jan
30
Jun
common
common
16
Jan
Jan
70
5,296
10% May
50% May
Power
&
Ltd
(H R)
100
25
Oct
2%
1,175
2
Sep
2%
3%
5,250
2
Nov
17
Jan
Aug
20%
Jan
Montreal
25
5
25
Jun
26
Oct
25
1,045
20
Jan
25
Nov
58%
5,776
42
May
58 %
Nov
18%
19%
2,745
13% May
19%
Nov
45
75
44 Va
47%
14
15
1,040
20
200
18
18
12
1,600
12 %
Sep
Melchers
Oct
20
Nov
18
Nov
20
Jan
Oct
13
Jan
8%
9
10%
10%
50
Jan
12%
12%
12%
240
11
Jun
14% July
45
44%
46
185
40
Jan
A.
7%
9 Vb
7%
6% %
934
9%
915
6%
73/4
2,575
14%
9%
•
14%
525
9%
G %
11
9%
Oct
Oct
7%
Nov
143/4
Feb
21
Jun
Nov
10
pfd
19
19
36
18%
Oct
pfd__20
100
conv
27
27
15
27
NOV
99
99
35
99
Nov
Distilleries
&
Ltd
Ontario
6
6
415
Sep
7%
23%
24%
2,685
18%
18%
5
15% May
13% Jan
18%
29%
29 %
29%
5
29%
Feb
30
July
76
Nov
17
Apr
5%
25
17
Jan
76
95
900
9% May
19%
Oct
Mount Royal Hotel Co Ltd
15%
15%
16
365
65% May
10% Jan
445
30% May
50%
Oct
Mount
10%
10%
10%
525
9 % May
138
136
139
855
Oct
Nova
107
107
3
22
2,003
14
21%
140
3
15%
15
Scotia
L
&
P 6%
25%
Jan
510
48%
Nov
50%
Sep
Paton
125
25
Jun
30 % Mar
Oct
16%
15
13,320
12%
Apr
%
605
5
104%
Aug
101% 101 %
5
101%
Nov
12% Mar
19%
20
150
36%
18
18 %
185
16
7%
8%
2,205
16%
pfd
15%
Mfg 1%
Oct
20 %
Oct
18%
Service
Reitman
Sep
9% Feb
80
75
Oct
82
May
78
Oct
89
8%
575
7% May
10
Feb
81
Feb
28%
Oct
22
Jan
32
Nov
33
Sep
50
1st pfd.lOo
111
110
111
50
26
24%
27%
1,395
7%
7%
125
4
Apr
9%
Aug
75
18
Oct
18%
Nov
14% Aug
107% Apr
21%
Jan
112%
Jan
*
19
May
Jan
30
20
18
*
14%
14%
55
12% May
15
10%
10%
25
10
11% Mar
*
13%
13%
50
100
116%
117
42
38c
40c
9,353
100
13
13
3
*
preferred
18
•
5%
Russell
Industries Ltd
Sangamo Co Ltd
Sarnia Bridge
Co
Ltd
6
6
80
10%
Jan
Feb
July
13%
Nov
Oct
79
285
26%
1.785
25%
25%
56
27
27
50
102
102
15
72
Apr
21% May
25
Sep
26%
102
Sep
Nov
Feb
37
31
Southern
Canada
Southmont
Stowell
Jun
21
21
50
20%
21
786
100
97%
97 %
95
97%
Jan
101
May
25
26 %
26%
40
26%
Nov
27
Jan
25
28 %
28 %
5
27%
Jan
29
134
19%
Sep
22
Feb
Ltd
Co
Products
Co Ltd
-
—
Ltd
class
B
39C
Corp
Apr
123
Jan
24c
Jan
43c
13
Nov
13%
5 3/4 May
May
7
Apr
May
33
3
34
34
40
34
Nov
34
Nov
*
class A
32
116
*
Amusement
Class
pfd
18%
18%
50
17
Mar
21
Feb
14
July
25
Jan
*
B
United Corporations class B
United Distillers of Canada Ltd
30 % May
Oct
34
Feb
21 %
Clay
6%
Pr
Invest
Screw
United
Feb
105%
•
preferred
13
55
Jan
*
pfd
495
32
15%
Sep
255
100
common
14%
32
15%
Stores
Ltd
Standard
♦
Apr
red pfd—100
Quebec Pulp & Paper 7%
80
25%
•
Oct
112
32
cum
Rands
Mar
80
8%
25%
Nov
Oct
15%
14%
2
Jun
105
Mar
7%
107
10%
Feb
Nov
•
preferred
Paul Service Stores Ltd
Nov
105%
80
78 %
•
10
24%
Nov
79%
*
Worts
Ltd
Orange Crush Ltd
48%
104% 104%
8%
75%
Ltd
Royal Rice Mills
29
%
Feb
Jan
18%
com
50
29
31%
104
24%
common
Paper Co_
Refrlg & Storage Ltd
13%
Jan
Feb
Jun
46
May
18%
116
Jun
Oct
15
19 Vb
18
%
20% May
23
13
21%
Jan
Mar
Oct
•
Westeel
Woods
Products
16
215
12
12
5
30
30%
175
*
Ltd
Co
15%
12
*
Ltd
Manufacturing
16
100
United Securities Ltd
51
51
6
7%
Jan
15%
23
May
30%
51
Nov
Feb
Nov
60
Mar
Mining Stocks—
Banka—
10
21
21
10
23%
23%
23%
1.786
21%
Sep
23%
Nov
10
27%
27%
720
Nova Scotia
27%
25%
28%
Nov
10
37%
27 %
385
34
39
Jan
Royal
38 %
Apr
July
10
24%
24%
25
2,509
22
Apr
25
Jan
50%
Gold
1.00
1.00
1,000
1
13c
13c
1,000
12c
Oct
•
Yellowknife
Akaitcho
3%c
4c
1,000
3c
Aug
7c
16c
18c
4,500
Oct
26c
Sep
15c
20c
21,500
ll'/ec Nov
44c
Jan
Mines—1
Jan
Commerce
Montreal
Gold
Alger
Mines
Ltd
Mines Ltd
Arno
Ashley Gold Mining
Gold
Band-Ore
BONDS—
1
Base
Power
3%
notes
1949
50
50
$20,000
50
Feb
Metals
Bear
Exploration & Radium Ltd
Mining Corp Ltd
Yellowknife
Beaulieu
Montreal Curb Market
Friday
Sale Prion
Par
Glove Works
Ltd
of Prices
Low
*
__
•
Auto Fabrics
Products
class A
pfd
B
12%
*
11%
*
Atlas Steels Limited
9%
*
Gold
*
Ltd
Mines
1
Bales
Candego
far Week
Shares
Gold
*
Mines
Canadian Malartic Gold Mines Ltd
High
Low
High
10
225
12%
13
3,475
11%
11 %
105
11%
5%
5%
5%
100
5%
Nov
7
7
7
7
270
5
Jun
7%
38'%
38%
75
38
July
8
Jan
9% Aug
Nov
11% Mar
13
*
Cartler-Malartic Gold Mines Ltd
Range BInee January 1
1
Centremaque
Gold Mines Ltd..
1
Bros
&
Paper class B
Ltd
*
feelding-Corticelli
__
38%
9%c
Sep
1,000
51c
Nov
13c
12,000
5c
Jun
48c
11,500
22c
27%c Jun
Jan
Feb
Feb
22 %c May
Jun
57c
17 %C
Oct
89C
Sep
33c
88,500
5c
Sep
70c
Oct
6c
10,000
6c
July
11c
Sep
2%c
2%c
2,000
2c
Sep
7c
Jan
Nov
54c
15c
51c
53c
6,800
48c
1.10
400
86c
Sep
1.10
6c
14,000
4c
July
8c
Sep
21c
1,500
15c
Apr
28c
Feb
13c
15c
15,500
10c
Oct
44c
Feb
1.05
4,400
80c
Sep
1.05
Nov
21c
26c
261,900
Oct
60c
12 %c 14 %c
—
6c
1.05
92c
—
5%c
18 %c
51c
15,000
10c
Nov
25c
Jan
10,800
19c
May
39c
Jan
Jan
25%
Nov
Nov
Nov
Nov
13% Mar
Mar
Consolidated
Mines
Beattie
Ltd
2
Consol Central Cadillac Gold Mines—1
Cortez Explorations Ltd
Power
—
1
Century Mining Corp Ltd
5,000
51c
10c
1.49
31 % c
6c
32c
1
1
12 %c
40c
11c
1
Ltd
Mines
11 %c 11%C
1.00 July
51c
__
1
Mines Ltd
Gold
19c
Mines Ltd—1
Brazil Gold & Diamond Mine Corp
Week's
Bangs
Last
STOCKS—
Lake
Bob's
Bonvillc
Canadian Funds
—
1
Ltd
Mines
Beatrice Red Lake Gold
Beatty
Nov
10% Aug
13%
•
Feb
23
48'/a
80
4"%
55%
18
7%
3% May
Nov
70
18
15%
Nov
May
—
Export class A
McColl-Frontenac Oil 4%
13
*
Canadienne
Class
8% May
25
2%
Paper
Massey-Harris. Co
Oct
450
101%
Nov
8
12%
Feb
15%
240
15%
32
10%
class
Nov
19%
44
13%
13%
25
preferred
Bathurst
50
25
2%
'
49%
•
4%% preferred
Wilsils Ltd
Acme
4% Mar
19%
com
B
18%
—•
Western Grocers Ltd
Weston
(Geo) common
Montreal
22% Aug
23
Maple Leaf Milling Co Ltd
Maritime Teleg & Tel common
13
*
Power
5'o
320
•
100
1% preferred
United Steel Corp
Limited
215
8
40
Sep
27 % July
18%
100
Co
Electric
Apr
1st preferred
Moore Corporation
*
pfd
Wabasso Cotton
Walker Gooderham &
Nov
2%
32
—
Power Corp of Can 6%
preferred
Canada
Feb
8%
Oct
7%
65c
Jan
25
•
—
trust
Standard Chemical
18%
Jan
103/4
100
Lowney Co Ltd (Walter M)
34
48%
Canada
July
40
CM
Inc
Lambert
1,045
21%
Press
17
20
Internat
1,145
22
Southern
Nov
,
45
Sep
1,125
48%
Southam
Nov
12
100
Power
5'In
175
21%
7%
15
Nov
44
•
Sons
17%
Feb
14% May
8% Jan
40
8
Ltd
22
14%
Series A 4% preferred
50
Sherwin Williams of Canada common.*
Simpsons Ltd 4 % %
1,220
50
common
pfd
Sicks Breweries common
32,288
5% July
17
30%
—
Paper
LaSalle
13%
*
Corporation
preferred
St Lawrence Paper 6%
21%
11%
Jun
8
—
Prod
Oct
68
*
Lawrence
&
Paper
Dauch
18%
•
20%
15%
58
Paper Co
preferred
A
Minnesota
Quebec Power
5
3%
Nov
41
70
200
Jan
25
,,
pfd
21 %
14%
•
5
16
Feb
Jan
10
2,900
Ltd—
7%
Power
Lakes
13%
26%
21
44
5
Aug
3% Apr
80c
Companies '-
Oct
181
1
7
8%
Motor Co otoCanada class A
Fraser
Sep
27%
•
25
Feb
47
140
70c
Co—
Aircraft Limited
12
21
-•
8%
Oct
32
—-t
.111
Linoleum
&
Products
Kootenay
21%
181
102%
8%
Nov
8%
class A
_ju|im»»,.li«Tl>r..
MacMillan
common
129
May
45
12%
23%
27%
•
30
3%
70C
8%
—
Square Corp
Donnacona Paper Co Ltd—
East
Jan
*
22
38
135
17%
com—
20
Oilcloth
Fairchild
Feb
42
50
27%
38
135
11%
21%
.
Ltd
Ltd
Limitee
B
22%
31
23
50
100
Water
Mills
L)
& Frere
41 % May
40
26%
*
38
High
Loto
2% Aug
1
40% July
795
45
•
23,900
16.
Dominion
33
100
common
—
—
preferred
Crain
Hotel
common
——
—
Corp Ltd
Textile
Cub Aircraft Corp
Feb
21%
48
12%
23
—*
3%
Feb
120
33
*
Price Bros & Co Ltd common
6%
21%
47%
47%
5
Placer Development
Powell River Co
Power Corp of Canada
5%
5
40
290
•
Zellers
14% May
23% Jan
34%. Jan
40
*
Winnipeg
Jun
125
17%
Penmans Ltd
of
Sep
135
40
*
preferred
Steel Co
14%
110
consolidated Paper
Jan
Mar
16
17%
Page-Hersey Tubes
(H)
36
175
13%
*
Ottawa Electric Rwys
Ottawa Lt Ht & Power
Voting
Oct
Nov
Apr
38%
40
25
7% preferred
Ontario Steel Products
Simon
14%
26 % Mar
Feb
19 %
16
100
Noranda Mines Ltd
Shawinigan
Jan
38%
17%
National Steel Car Corp
Niagara Wire Weaving
Ogilvie Flour Mills
100
Fleet Mfg & Aircraft
Tramways
A
8
•
Works
Breweries common
1% preferred
National Drug & Chemical
Class
200
120
25
Locomotive
National
St
15%
120
*
Preferred
Provincial
11%
23% May
32
•
5%
175
19%
*
Breweries
Montreal
150
173
*
(Robert)
preferred
——
Commercial Alcohols Ltd common-
Cla SS
Oil
Molson's
Montreal
13%
24%
19%
100
Mitchell
Montreal
May
Westinghouse Co
3%
Consolidated Div Standard Sec pfd—
*
McColl-Frontenac
High
3%
Feb
13
12
32
Massey-Harris
Range Since January 1
Low
*
33%
13%
•
pfd
Shares
2
12%
•
6 %%
for Week
of Prices
Par
Nov
100
(John A)
•TOCKS—,
i
High
15
24
Ltd
(C W)
Low
515
5
preferred
Lang & Sons Ltd
Range SInee January 1
High
19%
62 %
•
Sales
Range
Sale Prlct
15
♦
15
Week's
Last
Sep
41
May
12% Sep
cnm
21
33%
Labatt Limited (John)
Lake of the Woods commo:
■Lewis
Low
15
•
International Petroleum Co Ltd
International Utilities
Corp
MARKETS
NOVEMBER
for Week
25
International Nickel pf Canada
International Paper common
ENDING
Friday
Range
ef Prices
Par.
International Bronze
6% preferred
WEEK
Sales
Last
Bale Price
STOCK8—
FOR
Monday, November 24, 1947
Feb
23c
1
Cournor
1
Mining Co Ltd
25c
30c
14%C
Feb
Nov
Ltd
common
Glove
&
Hosiery
57o
Columbia
Class
1.60
Jan
4.65
Jan
Eldona Gold Mines Ltd
1
1.18
1.18
1.35
10,200
1
34c
33c
38c
25c
Feb
56c
Sep
7c
7c
3,000
6c
May
16c
Jan
24c
20 %c
28c
46,800
19c
Aug
92c
Feb
6c
7c
38,700
4%C NOV
9%c
Feb
1.10
1.10
300
Nov
160
Feb
Apr
177
Nov
Donalda Mines Ltd
17
17
50
16%
Oct
19
Mar
East
__
Co
Ltd
Packers
A
B
23%
*
♦
__
Columbia Pulp & Paper com—*
common
79
1.15
3,300
16 %
70
23%
24
1,294
14
•
class
1.00
16
5
Company
14
90
Canada & Dominion Sugar
80
43
6%
7
20,350
112
1,496
17%
150
14
14
14
100
May
2"% May
67
12%
May
Jan
9% Jan
8%
7
113
17%
16%
Feb
•
20
20
21
1,031
50
50
25
50
110
110
110
9
109
•
25 %
25 %
26
100
20
*
__
20
Nov
Nov
Food
Products Ltd
Canadian
Gen
Invest
Canadian
Industries
com
Ltd
Canadian
Ingersol Rand
Canadian
—
—
•
Light & Power Co—
Co
*
*
common
Ltd
*
23%
,
—
11%
11%
100
Ltd
Mines
Mines Ltd
1
Canadian
Canadian
5%
Marconi
Company
Nov
Nov
Nov
Sep
Found
God's
Lake
Lake
—X
Gold
Goldbeam
Gold
Mines
Canadian
Silk
Canadian
Vickers Ltd
1%
Products
preferred
For
1
preferred
footnotes
class A
common
63
Jan
J-M
Nov
14
Sep
12% Aug
16% Feb
21
Jan
25
61
61
15
61
Nov
7
7
5
7
Nov
370
2%
2%
24
14
315
25
100
*
•
page
46.
—
30
—
25
30
31
75
144
144
10
1.75
May
1.75 May
10% Sep
25
26
135
Apr
Jan
Mar
15c
1.99 May
Oct
40c
34c
33c
36c
23,500
18c
30c
35c
4,000
25c
95c
Feb
Gold
5
12%
12
14
4,925
May
July
9.50 May
45c
30c
14
Nov
Mines Ltd
1
!
1
17c
1,500
Feb
Sep
3%c
2c
Mar
4c
4,643
5c
6%c
19,700
5o
May
13c
Jan
48c
500
33c
May
90c
Jan
16
16%
950
13
16%
Nov
1
2.10
2.10
200
1.73 May.
2.25
Mining & Explor Co Ltd—1
6.35
6.35
100
3.55 May
7.40 Aug
Joliet-Quebec
11%
2
18c
May
48c
Jack
Feb
520
2%
17c
80c
1
1
Consoliadted Gold
Jan
30
1,240
13%
4,500
1
—
Consolidated
May
15
2%
—100
—
see
2%
2.60 Aug
23% May
23%
13%
*
Ltd
Goldvue Mines Ltd
112%
15
•
Ltd™
Mines
Heva Gold Mines Ltd—
Jun
22%
*
Power & Paper Inv com
cumulative
—
18%
Oct
Lake Mines Ltd
Mines
1
Ltd
Addison Gold Mines Ltd—
1
Kirland Lake Gold Mining Co Ltd
Feb
Labrador
69
Feb
Lake
12%
Jan
Lingslde
2%
Jan
Louvicourt Goldflelds
3 %
6c
16%
Feb
5c
,
Feb
Sep
Feb
Rowan
(1945)
Lake Shore Mines Ltd
100
1
Formaque Gold Mines Ltd
Kerr
Canadian
Gold
Sol
Fontana
Hollinger
100
Canada Malting Co Ltd
Canada Northern Power 1% pfd
Canadian Dredge & Dock Co
Jan
Feb
125
17%
1
27
300
109%
Jun
Sullivan Mines
Feb
16
79
6%
3.00
17
Oct
6%
__
Hosiery Co Ltd
22
78
110%
*
Apr
6%
100
Co class B
1.00 Oct
15%
13% May
5% Sep
I
Preferred
Butterfly
Aug
2.74 May
28c July
150
168%
Brown
&
74c
4,550
3
70
British
Burns
6,200
3.80
150
173
•
Dist of Vancouver Ltd
British American Oil
British
350
1.25
3.50
*
Ltd
150
173
—
&
25%
1.10
3.55
Mines
150
173
pfd__20
Brand & Millen Ltd A
Brewers
24%
1.10
1
Dome
100
100
preferred
Belgium
1
El
7%
Gold
Mines
Ltd
—
14
Feb
30%
36%
Feb
Malartic Gold
Apr
Mclntyre-Porcupine Mines Ltd
Oct
Nechi Cons Dredging
155
Macdonald
Mines
Ltd
Fields
20c
1
20c
500
14
%c Oct
33%c
Jan
16%
Jun
22c
Feb
Ltd
1
16
16
100
—1
—
Mines
9%c
9%c
5,000
1
1,65
1.85
25,800
1.35 Aug
3.55
Feb
.....1
2.45
2.75
3,600
2.27 July
1.76 Aug
4.80
Jan
2.30
Nov
2.20
1.08
2.30
633/4
1
5
1
63%
100
1.08
1.10
20,100
1,000
13%
Jan
7%c Jun
56
1.01
Mar
66%
Sep
Oct
1.20
Feb
■
Volume 166
"
Number 4649
THE COMMERCIAL
& FINANCIAL
CANADIAN
RANGE
LISTED
WEEK
FOR
ENDING
CHRONICLE
(2135)
43
MARKETS
NOVEMBER
81
>
Friday
Week's
Sales
Last
Range
of Prices
Shares
Par
O'Brien
Gold
Pandora
Mines Ltd
Cadallic Gold
Para.maq.ue Mines
Low
Ltd
7c
Ltd
Mines
10c
Sep:
23c
Jan
Canada Cement
Feb
6.00
Jun
Canada
Packers
20c
500
8c
May
90c
8,500
87c
Sep
4.90
IOC
9c
11c
4,500
9c
May
50c
63c
232,300
50c
Nov
15C
13c
15c
23,200
12 %C
12 %c
15c
3,500
14c
15c
75c
29,100
1,500
3.10
27c
Ltd
Gold
85
100
50
70%
18'%
70%
5
18%
_
♦
Jan
Feb
18c
Class
B
_
*
A
Nov
12c
May
34 %c
Feb
Canada
May
Nov
Mortgage
100
Canadian Bakeries
2,325
100
56c
3,000
35c
50c
50c
3,725
48c
9c
16c
10,500
7c
70c
85c
25,577
50c
S
11c
2.10
Jan
75c
S
Lines
Vinray Malartic
Westville Mines
14c
4,200
2.30
24,344
10c
11c
14c
18,000
4%c
4%c
5c
18,000
12 %c
12c
13c
Feb
Oct
56c
Nov
Canadian Breweries
Aug
67 %c
Apr
Canadian Canners common
Sep
19c
Jan
May
July
85c
20c
Mar
1.70 May
5c
2.80 'Jan
Aug
20c
July
4%c Nov
14c
Feb
Sep
14,250
40c
May
76c
1.37
4.30
4.60
400
12c
14c
37,000
14c
Canadian
Bank
2.94
Jan
9c
of
Commerce
10
•
*
1st preferred
Sep
61c
Jun
1.37
Nov
4.75 July
24c
July
*
Canadian Car common
..
Canadian
Celanese
_
_
STOCKS-
Preferred
*
Abitibi
Power
&
Paper
♦
common
$1.50 preferred
$2.50 preferred
common
20
A
*
Preferred
A—*
com
Agnew-Surpass
Akaitcho
Yellowknife
Tire
Steel
Aluminium Ltd common
Aluminum of Canada 4%
Amalgamated
American
Larder
*
pfd
1
Nepheline
Argus
100
Nov
9 'A
9'A
10
9
Oct
215
100
25%
48c
34c
25%
50c
100
99,216
Jan
188
1.50
Jan
Citralam
Mar
25
Oct
32c
Nov
59%
1.90
Jan
class
A
Jan
11%
70
10
May
17
17
15
16
Jun
20
Feb
92
5
92
Nov
100
Jan
15%
15%
16
1,620
11% May
17%
Oct
96c
90c
1.25
68,400
60'Ac May
1.25
Nov
15
15
75
13%
Feb
29
Nov
23%
25
250
23%
Nov
26%
Apr
1
3.00
2.75
3.05
1.30
1.25
1.35
3.412
..1
1.67
1.65
1.99
60,725
45c
50c
139,371
13c
July
50c
Nov
6,300
15c
Aug
30c
Sep
Sep
Sep
11%
Jan
33c
Jan
49'Ac
1
20c
—
18c
20c
8%
9c
12,875
,
8%
150
1
__
.
_1
Gold
1
•
35'Ac
1.05
5c
2.70
9,813
36c
42c
17,200
21c
75c
5c
2.10 May
Colomac
1.25
190
5c
6 %c
49,500
2.70
3.10
18,950
11%
11%
12%
285
30c
30c
35c
7,400
Conduits
National
_
8'Ac
Nov
35c
Jan
32c
Nov
42c
Feb
6
6'A
100
6
Oct
7%
Jan
1.20
1.20
1.40
4,200
1.10 May
1.56
Jan
22c
25c
Consolidated
Homestead
*
12 %c
Consolidated
Mining &
7%
1,500
45c
17'Ac
17c
60c
42,300
14%
47c
10
25
14c
14c
7%
14%
200
6% May
10%c Mar
41c
13
May
Apr
15c 18'Ac
90,300
6c
May
13c
29,700
8c
May
Coniaurum Mines
30c
11c
12%
15'Ac
13c
23,500
13
4,765
9
18c
7,500
11c
11c
May
15'Ac
15c
Aug
May
*
A
5%
—
Bagamac Mines
Bankfield Consolidated
1
of
Montreal
of
Nova
10
Scotia
Base Metals Mining
Power class
•
Exploration & Radium
Beatty
Bros
Beaulleu Yellowknife
1
class
100
A
<\
11%
Nov
6
50
5%
Sep
9c
27'A
16c
8c
115
25 V*
38
460
33
35,050
Jan
Consumers
1.03
Jan
Conwest
Jan
27c
Sep
Crolnor Pershing Mines
23%c Jan
38c
Cub
22%
949
49c
44c
68c
125,000
39
40
125
38c
35c
47c
130,800
8.00
8.00
150
170
173
1,007
19
19
19
Nov
35c
Feb
6;20 Apr
Davles
Class
B
May
Feb
1
60c
57c
63c
28,500
36c
May
85C
Feb
75c
Sep
Detta
Red
Laku
58c
50c
58c
5,000
30c
May
1.12
1.10
1.30
28,900
87c
May
72c
72c
81c
43,050
44c
Aug
98c
14
May
20% Nov
Dominion
Coal
30
19%
Jun
23% Feb
44c
Nov
91c
36
Aug
26 %c May
6.75 July
42
89c
Mines
preferred
.
Sep
9.75 Mar
Dominion Foundry <fc SteelDominion Magnesium
Dominion Scottish Invest common
17%
Oct
Jan
191
20%
1.35
31c
Sep-
Dominion
Feb
Dominion
Aug
Dom
Tar
Steel
&
Coal
class
com
26c
Nov
44c
Feb
Dulama
5C
Aug
17c
Jan
1.00
1.10
900
1.00
May
Oct
13% Mar
3% Jan
26%
26%
13
Oct
29
20 'A
191/4
May
20%
14,652
19%
Nov
24
Jan
9c
7%c
9'Ac
6,500
7%c
Nov
32c
Apr
23'A
23'A
24
3,400
21%
Oct
27
Jan
98
98'A
95
26%
98
Nov
103% Sep
4
3%
4
12,185
13%
14
150
13%
Oct
16
Feb
6
6%
225
5%
Oct
9
Feb
185
25%
Nov
2%
2%
1,000
15c
16c
28,800
15c
Jan
27c
Aug
34c
33c
37c
16,750
24'A
24%
24 %
15
1.10
1.25
22,100
2.7.6
3.25
9,055
17c
23c
7,100
5,700
2
20
80c
July
Aug
4%
29%
Fee
Jun
48 %c Feb
29%
Fee
15c
35o
Feb
20c
Nov
50c
Jan
4.75 Feb
--
Caldwell Linen 2nd pfd__
31
810
5c
1,000
.12
12'A
265
11
Jun
17
18
145
12
May
18
Nov
15c
12%
15c
1,500
12c
Aug
33c
Feb:
13%
Calgary & Edmonton
*
2.60
Callinan
Flin
1
7 'Ac
Calmont
Oils
2.50
7c.
4c
May
Oct
200
2.65
10,445
12%: Oct
1.70
Jan
3,000
5%c Sep
1
39c
39c
40c
1,600
24c
1
3.30
2.95
3.30
17,350
2.30
Aug
18
Jan
25%
Sep
580
25
Apr
29%
Jan
16%
19%
285
13% May
19% Nov
29
29'A
435
27
Gold
Mines Ltd
East
May
33%
7%
8
300
6"%
Oct
9%
3%
3%
400
3
Jun
4%
43
43
45
40
Aug
Crest
East
19
8,975
12% May
19
26%
506
20
May
27% Nov
26
26
100
24
Jun
30% July
26% May
22
22 'A
330
22
Nov
13
365
11
May
1.06
1.06
1.32
56,500
64c
May
24c
24c
29c
106,200
17c
-Zi
82'Ac
72c
85c
89,220
60c
15C
17c
25,800
He
37'Ac
44c
6%c
6'Ac
4,500
1.92
2.35
79,352
2.05
East Sullivan Mines
1
3.55
•
—
Elder
25
20
3.70
17,100
11
375
15%
16
80
39
39
100
1.58
26 %c Mar
5c
Jan
57c
Jan
12 %c July
2.45 Feb
Jan
1.50 May
2.70 May
4.75
Jan
11% Jan
8'A May
14'A
Jun
28%c Sep
16
Oct
Nov
37% July
40
Sep
19
21
Jan
Mine*
El Sol Gold Mines
19'A
19%
360
80c
80c
93c
86,990
60C
Aug
1.36
Feb
1
„
1.17
1.15
1.37
152,850
28C
May
2.60
Aug
40c
12,500
20c
Apr
16%
Oct
1
English Electric class A
Eureka Corp
19%
90c
May
1
Mines
Eldona Gold
3.45
10%
•
Economic Investment
Eddy Paper class A
36,200
Feb
1.62 Jan
July
40c
15
Oct
15c
1
Steel
Nov
17%
•
Easy Washing Machine
Jan
26'A
12%
•
Mines
Feb
Feb
45
26'A
1
Oil
Malartic
Jan
18%
22
•
__
Amphi Mines
East
1.40 Nov
7%
12%
35C
34c
19
19
80
4.10
4.00
4.35
15,786
•
_1
__
Falrnnhrldge Ninke]
•
Famous Players
Fanny Farmer Candy Shops
_
Federal
Grain
_
32% Feb
7%c
4.55
4.40
4.60
18%
18%
51
50%
51
•
_
1
common
Oct
1.96 July
4,125
60c
,
Sep
25% Jan
4.70 Oct
3.90
Federal Kirkland
1
Fibre
•
100
Products
Preferred
_
common
—
10
_
Aug
19% Feb
Oct
67
5
700
100
100
40
6c
7c
3,500
5c
May
5%
8'A
2,372
2
May
4'A
95
16% May
2.70 July
17%c Feb
Fleet Mfg & Aircraft
8
8%
1,525
12%
15
3%
2%
3%
5,900
Ford
of
Canada
Foundation
Jan
73c
July
Francoeur
Jan
3.50 Feb
Frobisher
class
*
A
23'A
23'A
25
3,445
19%
24
15
20'A
16c
22c
20,600
2.55
2.50
2.80
13,246
*
Co
Gold
24
<1
__
Exploration
—
•
6
Oct
Sep
12%
8
a
•
7%
5.50 Feb
16
48
Feb
12% Apr
Sep
457
695
'
5
...100
Fittings Ltd A-
13%
7%c
28
70c
12,585
Jan
1.55
May
Apr1
May
2.50
Woollens
Jan
3% Nov
3i)c
35,150
27%
3%
Eastern
14
3% May
1.25
25'A
26
_
Duquesne Mining Co
Duvay Gold Mines
10
Dominion
Feb
1.10
1
7,500
16% Oct
Jan
23%
•
3,940
2,328
5,590
23.50
13
1
25
•
Chemical
8%c
—A
46.
B__
Stores
&
11
Oct
5c
page
19%
29
*
1
20%
1-.70
27'A
Preferred
7'Ac
30
see
25
19%
Feb
30c
♦
Lake
23%
—
165
Preferred
Flon
1.15
•
Mar
Jun
20
10
28c
«
Calder-Bousquet
2
_•
.
Ltd
28c
1
B
-
Donalda Mines
Products
Feb
1
Feb
Hill
2.44
1
Discovery Yellowknife
Distillers Seagrams common
30o
24c '
Oct
1.60 May
Dexter Red Lake Mines
Preferred
21c
Mar
26 c
Jan
22c
14
10
Oct
July
14C
1
Mar
8c
19,100
17c
Jun
31
26
100
18c
1
27c
Oct
20
12,600
15c
*
30c
Jan
2,000
Jan
Feb
Apr
10,200
16c
♦
Aug
8c
44,100
13c
27'A
2%
11
Feb
Buffadison Gold
9c
24c
12c
1.5C
43c
10c
59
Buffalo Ankerite
Buffalo Canadian Gold Mines
Oct
2.00
Oct
15c
July
9c
10
♦
May
12c
1,400
60c
11
55
26
69c
4,720
1.80
5
25%
Jan
11
225
•
Nov
9c
55
__
Jan
1.90
55c
1.83
12%
...100
20'Ac
174'/a
75c
27'A
13c
*
Oct
1
12
»
Burlington Steel
22c
147
1
55
•
Buffalo Red Lake Mines
9,100
•
12
class
:
1.20
19c 22'Ac
Bank
Oct
Jan
6 'A
Broulan Porcupine
Bruck Silk Mills
1.00
19c
_
55
B
Oil
1.00
*
Dominion
Nov
•
B
Oct
_
Jun
Mar
Cordage preferred
25
Brazilian Traction Light & Pwr com.,'
Red Lake
:___1
Columbia Power class A
Oct
24c
_
23o
7%c Jan
55c
Brewis
Packers
82c
25,950
_
Diversified Mining
16c
Brantford
Columbia Forest
137
112,612
35c
Mines
Jan
33,600
*
Nov
155
75c
Aug
Apr
1.82
Nov
130,537
Brand & Millen class A
34C
97 Vi
13
Nov
29c
—
Feb
Denison Nickel Mines
Delnite
39%
68c
.
Oct
12c
Feb
1.20 Nov
61c
78% May
i
A
21
11'A
1
_
class
28%
29c
7'Ac
pfd
25
154
1
Petroleum
Leather
Oct
55c
11%
American CM1
2,250
1.51
D'Aragon Mines
Aug
22 %C
•
Columbia Electric
97%
11%
9
Sep
58c
*
British
13,500
95
11%
154
—
___i
British
14c
95'A
29c
Gold
1
Pershing
Oct
11%
Sep
13% Mar
9
Patricia
35c
22'/2c
Bralorne Mines Ltd
Jan
18c
1.60
•
Aircraft
*
Gold
65c
17,000
_Zi
50
Ltd
12c
Oct
316,280
Feb
13
5%
—100
19c
1
Blue Ribbon Corp common
Preferred
Gas
Exploration
Mar
l
„
Bidgood Klrkland Gold
8
3
A
Crestaurum Mines
Dome
22
170
Oil
Smelting
class
16%
Dickenson Red Lake
9,500
6,000
10'Ac 12'Ac
22%
1
Canada
155
37 %
*
1
12
27'A
37%
•
A
Jun
8'Ac
10
Bank
4%
23'Ac 24%c
1
Bank
265
6
«
5%
11%
a
B
3.90 May
•
_
15 %
Davis
1
*
9% Feb
Crowshore
18c
1
_
Consolidated Press
Feb
May
24c
Sep
Feb
Feb
7c
1
Feb
Feb
15
Sep
500
Cadillac
14c
11
70,000
Central
70c
Apr
32c
Consolidated
Jan
2.20
14 %c
10c
Feb
Nov
Jan
May
8c
Nov
6%c
Jan
32c
_
4c
36c
Jan
61c
51C
500
500
4.30
Aug
30c
155
5,000
2.60 May
1
Yellowknife
Ltd
Jan
3.45
1.05
1.20
8c
7
8'Ac
...1
Lake
1.45 Mar
3.50
18%
36c
2.20
Oct
3.10
89c
36c
1.23
17,800
18'A
7'Ac
3.05 Nov
10c
95c
—
2.00 May
1.10 May
9c
18''A
12c
Feb
15%
Sep
2
7c
18%
26%
Mines
7c
Sep
11% May
40
Beattie
7%c
13
6,349
Bakeries
1
common
footnotes
15%
67% Feb
92
Consolidated
Feb)
For
Feb
Consolidated
Jan
Red
30
Feb
Jun
39o
Campbell
May
1.30
—
class
18
Aug
8.45
76c
Co
309
60c
Jun
&
26%
12,500
Jun
Burns
Feb
25%
88c
8'Ac
Bunker
43
80c
20c
Building
Nov
87c
Mar
9,291
Dominion
Sep
May
37
1,446
Jun
24,200
Class
25 %
55
130
9.00
77c
Feb
16
30
38
8.75
Nov
19%
130
59
37
8.75
45c
Feb
11%
—
37
1.90 July
9.65 Sep
500
15,900
British
17
15
59
—
27% Feb
18c
Columbia
16%
Jan
11% May
29
♦
Coin
31c
British
_
Willans
Oct
220
4.90
Class
405
26
14%
1
Cockshutt Plow
29c
British
13%
Nov
13%
1
_
Malartic
Nov
4.35
British
13'A
*
_
Chromium
Feb
29c
Boycon
Jan
_
Chesterville Mines
32c
4.50
Bonetal
Sep
Oct
29%
20
/ Mar
—
...
_
Chimo Gold Mines
1
Mines
25
435
10
23 %
May
28 %
...
...
_
Sep
1
Bobjo
460
21%
19c
12%
Sons
26
20%
Oct
12c
Gold
JaL
25%
21
Jan
1
Gold
&
A_
Wines
9%
Aumaque Gold Mines
Bevcourt
26
Feb
Aunor
Bertram
26% inlay
Jun
7%c
13c
Belleteire Quebec
Bell Telephone of
Sep
20
97c
1
Aubelle Mines Ltd
Bear
22%
625
7,900
Yellowknife
Bathurst
2,062
21
1,500
Atlas Steel
Class
24%
1.56
Mines
Class
23%
20%
1
Commoil
•
Mining
Electric
24
21
1.42
Quebec
Auto
21
1-.50
1
Athona
Oct
210
212
305
2,641
13c
•
Armistice
Astoria
Aug
10c
21
8%
23%
60c
l
common
Hardware
90c
Nov
8%
10c
*
Porcupine
Gold
3,700
47,000
3,009
class
Mines
Cochenour
1
Ashley
1.15
12c 14'Ac
33% Mar
107
Feb
49% Mar
23%
•
Arjon Gold Mines
Atlas
35
17
25
Apr
7% Aug
8%
60c
Resources
Corp
Ashdown
102
Jan
23%
10c
Ansley Gold
Aquarius
101
*
Anglo Canadian Oil
Anglo-Huronian
Anglo Rouyn Mines
Cons
Cheskirk
17% May
36% July
19% Oct
55%
Oct
1
American Yellowknife
Apex
Chateau-Gai
225
100
Mines
Feb
25
20
53
Sep
19
<1
Central
Jun
2,510
39
54
12%
40
70
•
-
22
21'A
39
19'A
12'Ac
•
40
1
Wirebound
43%
21'A
ID %
l
common
"~25
Railway
Corp
Porcupine
Centremaque Gold
21 'A
1.00
*
Pacific
Feb
21%
1.00
Sep
655
•
common
Central Patricia Gold Mines
1
High
14% May
1
Alger Gold Mines
Algoma
LOU)
2.107
*
Cos
Castle-Trethewey
Range Slnee January
High
19'A
100
Apr
200
353
*
Cariboo Gold
18 %
20
Acadia-Atlantic class
Shares
18
Mar
36% July
25
100
Canadian
for Week
of Prices
Low
Sep
188
14%
*
_
Industrial Alcohol
Canadian
Sales
Range
Sale Price
Par
16
35
42'A
„
Dredge
Canadian
20
25
Canadian Food Products
Class A
Canadian Funds
Week's
100
200
23
$
common
Preferred
Canadian
Exchange
Last
30
17
200
13%
•
Class A
Canadian Malartic
Friday
38%
16%
40%
20
preferred
Canadian Oil
Toronto Stock
38%
—
200
Nov
12c
1.20
Nov
Feb
14,600
4.60
Ltd
Omnitrans Exploration
Feb
13 V*
8%
25
B__
*
5.35
Canadian
Homestead Oil Co Ltd
Gaspe Oil Ventures Ltd
62
Jun
135
1,815
14%
& Cable class
10
9.30 Aug
Stocks—
Consol
Oct
50%
13'A
42'A
Wire
Conv
11c
50
50
10%
__
40c
9.95
2.07
23% Jai.
13'A
-
Canada Permenant
Canada
3.25
11c
Mar
135
50%
—
1.80
Feb
48c
.
Apr
75
Mar
70c
Sullivan Cons Mines Ltd
105
38%
Power
class
77c
15c
Ltd
Nov
Aug
16% May
Jan
1.23
High
69
•
common
25c
50c
Mines
Low
100
__
Nov
9.95
——
Stadacona Mines 1944 Ltd
Standard Gold Mines Ltd
Co
preferred
Oct
7c
12 %c
55C
Silver Miller Mines
Siscoe Gold Mines Ltd
Oil
B
Range Since January 1
High
100
Preferred
50
Shares
Low
100
__
Northern
Canada
25
Sales
for Week
pfd
Malting
1,000
5.10
52c
Ltd
Sherrltt-Gordon Mines
Sigma Mines
Home
4'A%
Feb
90c
Santiago Mines
Senator-Rouyn Ltd
Oil
Bread
21c
10c
Range
of Prices
Par
Canada
May
71c
Mines
Soma-Duvernay
NOV
7c
20c
—
Ltd
Gold Mining Co Ltd
Quebec Manganese
Quebec Yellowknife Gold Mines Ltd__
Gold
High
2.90
20,500
5.10
Pitt
Regcourt
1.82 May
10c
Cons Gold Dredging Ltd
Pen-Rey Gold Mines Ltd
Gold
10c
Low
13,500
STOCKS—
Canada
--
Pato
Perron
2.S0
Week's
Last
Range Since Jannary l
High
2.50
2.50
Mines
Friday
Bale Prloo
for Week
6ale Price
STOCKS—
/2
Mar
11%
Sep
2
12c
2.05
9%
134
lie
Jan
Jan
May
Feb
8'A Nov
8'A
Nov
13% Feb
Aug
5
Feb
Jan
25
Nov
Oct
26
Jan
38c
Feb
May
May
3.25
Jan
44
(2136)
THE
COMMERCIAL
CANADIAN
RANGE
Friday
Week's
Range
Shares
6'/i
Power
common
General
Low
•
20
100
preferred
no 'a
Bakeries
19fe
Low?
20
385
109 110 'a
35
4 %
4 %
4 Va
16 '/ 2
16
16%
1,035
100
Preferred
104 »/a
104 Va 104 Va
33
I6V2
109
105
•
common
Giant
Yellowknife
Gillies
Gold
Mines
Apr
Nov
Aug
lll'/a May
Jun
5 Va
Jan
14% Aug
104 Va Nov
18 'A
Feb
3V2
107
Jan
1
Gold
Globe
Lake
s
37,500
10c
July
23c
3,500
3c
July
9c
Feb
71c
Aug
48c
51c
34,600
42c
Sep
1.06
1.06
1.15
19,416
57c
Jan
17'AC
21c
4,400
16c
Manitou
Maasen
Red
Magnet
Consolidated
Lake
July
1.98 Mar
22c
Feb
&
Maralgo
10
&
Co
class
Marcus
Jan
2.07
2.22
4,200
Oct
3.30
Jan
2.11
15c
July
2.00
14c
33c
18c
19,700
8c
Aug
74c
Jan
12c
—
13c
7,600
7c
May
20c
Sep
32c
36,800
4c
3,000
105
35
95
July
52'A
163
52
Oct
55 V4
Lakes Paper common..
Class A
preferred
Great
West
11
150
10 Va
Oct
12
Sep
17c
46c
May
4c
Nov
20
*
19%
20
25
19 V4 May
13c
13c
Sep
Feb
11c
113
Jan
13c
4,000
10 Vac May
18 %
19%
3,298
13 V'4
21 Va
17c
Feb
July
19%
Nov
45
44 3
4
45
655
44
May
Sep
47 Va
Jun
11
10%
11
85
10
Nov
11
1
30c
30c
31c
5,900
29c
Nov
57c
Jan
1
95
95
100
17,400
90c
Nov
1.00
Nov
15'%
15'A
May
16 Va
Jan
May
4%c Mar
*
___
_
—
--
-
-
Gypsum, Lime & Alabastine
Halliwell Gold
_
v
_
_
_
820
2 fee
4c
10,500
1
--
15%
1
.
Hallnor Mines
16,164
3.55
4.00
45,556
32c
41c
13,400
100,700
2.20
4.50
4.50
300
7fe
7%
515
Rock
Hard
36c
47c
28,936
Harding
Harker
*
Bridge
_
Gold
—
Mines
_
—1
37c
•
Carpets
Gold
Harricaoa
—
_
Gold
_
__
Hasaga Gold
__
_
Headway Red Lake
McBrine
McColl
Gold
13
2c
4.25 May
5.50
Iiedley
500
15
1,920
life May
5 VaC
5 Vac
1,000
4
34c
50c
23,000
37c
Nov
8 VaC
9c
3,500
8 fee
Nov
17 fe
18
1,110
21%
Hendershot
6
9»A
Feb
May
33c
Oct
65c
Jan
Mclntyre
Porcupine
McKenzle
McMarmac
Red
Hinde
390
32
Feb
100
17%
Jan
20
July
25 fe
26
415
23%
Jan
30 fe
July
64 fe
54
Jan
68%
Nov
94c
Feb
Gold.
34c
18 Vac
16%
Midland
&
Milton
Home
Modern
Monarch
Long
class
73,121
75c
Aug
1.45
Feb
National Grocers
6,500
7c
May
15c
Feb
4,000
9c
Oct
35c
Feb
1.01
1.00
1.25
17,000
95c
Aug
15
14'A
15
300
10
Aug
15
97
97
10
97
Mar
99
Sep
30c
36c
107,650
24c
July
97c
Feb
1.40
Oct
64c
2,200
46c
Aug
89c
Mar
9 fee
10,500
7c
Nov
18c
Jan
19:%
20
110
Oct
23'/a
16
16
100
15%
Sep
16 fe
Oct
2fe
2%
5,900
1.75
Oct
3%
Jan
8.50
8.70
4,875
29c
29c
500
20
20
50
11%
13'A
5,622
13 Va
Nov
5
11%
4.60
1
17
9.50 May
4.20
4.75
14,440
2.75
8c
—
51c
9c
8,000
6 Vac
Jan
Aug
4.80
15c
July
Sep
_
___
_
f.i
__
f.i
_
Varnish
Lake
maian
.
com
...
Inglis
(John)
&
56
21
100
27 fe
170
15
10,896
12 V2
Jan
15 Va July
14
425
13 V2
Jan
15 Va Mar
6%
25%
25%
17
_
Gold
1
Ingersoll Machine class A_
111
14%
15
5c
13%
27'A
_
1,830
27%
—
66,850
26,100
21
100
60c
44 3 4
111
4
38c
43
4c
43 3
1
preferred
Imperial
51c
32c
*
100
Preferred
__
17
—
8'Ac
8c
10,000
24V2C Aug
29c
Bronze
4c
Feb
45%
Feb
Drug
Metal
class
Preferred
1
__
May
107%
Oct
22
Mar
25
Apr
6%
Nov
25 Va
Nov
10c
20,100
14
30
Jan
8Va Mar
25%
Nov
18
Nov
Nov
6 Va
Aug
24
9
140
8
Sep
10 Va
Apr
9 fe
300
8
Apr
11
Jan
International
Petroleum
Class
Negus
J.
Mines
Quebec
Kayrand
Mining
Kelvinator
__
New
_
1
_
Gold
Gold
Feb
Kerr-Addison
Kerr
_
___
Jan
Apr
15
Nov
19fe
Jan
_.
2.29
North
_
Northland
O'Brien
Lake
La
Wasa
Luz
Lang
Lapa
&
Apr
Laura
106,900
14c
7,782
5c
Nov
20c
10c
12c
3c
3c
1,030
42c
47c
27,950
48c
48c
10 fee
10'Ac
25'A
59c
19,500
13c
4,500
25%
5
3
33c
33c
Oct
July
May
Jan
Jan
55c
12c
Nov
5
Sep
60c
Jun
95c
6VaC Aug
24c
24
31
Oct
Feb
Jan
39c
38,500
21c
May
55c
Jan
50c
100,550
25c
Aug
50c
Nov
15%
17'A
30,853
100
89c
89c
89c
23 c
20c
24c
71c
71c
500
2.03
1.99
2.30
102,435
25c
24c
30c
700
93,300
49 fe
52 Va
5,546
37c
47c
11,400
5c
3,500
1.52
1.65
15,248
17c
17c
23c
11,000
13c
Oct
44c
9c
12c
22,700
7c
May
16c
Feb
60c
60c
1,500
56c
May
85c
Jun
37c
42c
33,200
24c
Jan
48c
Ad?
5'Ac
6c
4,000
5c
Jan
760
Aug
Jun
10c
5
(1940).
common..
4%
--
Mines
2.50
6c
7c
May
Ontario
Beauty
Orange
14c
Crush
Supply
2 V,
common.
Lexindin
Gold
_
_
_
Lake
Lingman Lake Gold Mines
14c
May
50c
July
1.05
Jan
Jan
2.30
Class B
London
Apr
32c
10c
46c
Jan
Oct
35c
5c
9,500
4c
20c
7,000
I2V2C
Oct
33c
Jan
14%
16%
5,671
13%
Jan
16%
Nov
23
July
26 Va Mar
3.40 May
5c
Oct
7.50 Aug
61c
Feb
May
Apr
86c
Jan
15c
Jan
86c
1,10
3.25
3.75
7Q0
2.80
Sep
4.50
Jan
7.00
7.75
3,918
5.70
Feb
7.75
Nov
20
20
50
9c
6,500
6c
81c
19
Sep
Sep
1.25
2'A
14%
350
24c
35,750
17c
Nov
95c
1.25
73,625
81c
July
2.26
Jan
88c
88c
1.05
90,050
45c
May
1.05
Nov
22
May
Oct
13c
Jan
22c
26c
32,700
20c
Nov
50c
Jan
6'Ac
8c
33,500
4c
May
17c
Jan
17 fe
3 fee
17%
17%
465
Feb
3%c
18,900
16 Va Aug
2'Ac May
21 fe
3%c
4Vac
Feb
48c
47c
50c
2,900
39c
55c
Louvicourt
Lunward
Lynx
For
Sep
1
•
Gold
see
28c
11,500
15c
3,000
10c
1.16
18 Va
Jun
11,500
9c
2,000
33
565
27 fe July
33fe
Jan
1.82
1.82
2.20
86,350
1.18 May
2.20
Nov
9 VaC
9 fee
10c
7,200
6c
May
20c
9 fee
9 fee
11c
4,500
9c
Aug
23 fee
Jan
9c
9c
2,000
6c
Oct
12c
Jan
3c
3c
3c
500
2c
Aug
5fee
Jan
40c
47c
59c
70,250
42c
July
59c
Nov
Pen-Re.v Gold Mines
18c
Pandora
Cadillac
Paramaque Mines
Parbec
Malartic
Partener
Malartic
Perron
10c
Gold
Porcupine Peninsular
page
46.
10c
50,500
Powell
V
T
Power
1.45
Feb
2.30 May
3.30
Feb
3.25 May
4.40
May
16,800
16c
Nov
45c
27c
May
55c
Sep
44%
Nov
Gold
40%
95c
44%
2,515
33fe
Jan
14
Trust
Metals
East
Mica
1
1.10
9,900
75c
May
90c
C
Preston
Feb
17c
July
63,600
44
Premier
Jan
May
50c
1.00
3,700
71c
Jan
14
14%
30
11
Jun
49'A
Jan
Dome
61
2.22
Mines
8 fee
1
61
30
14
14%
1,109
2.21
2.50
22,000
life
common
Preferred
1.32 May
8 fee
1,500
8 fee
life
life
10
25
51
66
14%
Nov
Oct
Nov.
2.5p,Nqy,;
7c
Sep
life Aug
51 fe
Jun
1.67 May
1.60 Feb
15
9% May
51 fe
Purity Flour Mills
Quebec
Quebec
Gold
Sep
60c
Manitou
20c
v
1
Nov
Regcourt
Nov
Nov
28c
Sep
Sep
May
34c
50c
"Jan
"'
14 Va May '
55
'"'-"
Jani w
Jun
10,100
60c
July
27,034
64c
May
16
16'/a
7,290
12 %c
Gold
12 fee
17c
60,400
12'Ac
3.05
100
2.20
15c
13c
16c
20,800
21c
21c
27c
22,000
33
32
33
75
31
Gold
Silk
45
45 fe
35
40
May
12
12%
100
11
May
8 Va
(1936)
class
A
(Little)
8fe
75
17
100
common
A
7c
21c
Nov
80c
Jan
Feb
3.75 Mar
Jan
16c
Nov
Nov?
38,
47
jan.*;,
14'
Jan
-
6%
Jan
21fe~Jan;si,M
Nov
45
17
Richmac
Robertson Mfg common
1.20
13 fe May
3.05
7
Riverside
Class
2,400
95c
1.20
Mines
Gold
Robinson
68c
90c
1.01
16 Va
Quemont Mining
Reno
60c
90c
1.01
Queenston Gold Mines
Apr,j
10 % 'May
** »«
Jan
1.32 Mar
Roche Long Lac
Rochette Gold
Feb
Rouyn
30%
31%
715
33%
Jan
29 fe
30
470
26%
31 Va
Jan
Royal Bank
6
6
24
Nov
1.60
1.85
Royalite Oil
Roybar Chibougamau
25c
22c
25c
•
Jun
Nov
1.35 Aug
9c
7c
1.31
Feb
20c
2.40
16c
29c
28
Oct
Feb
16c
Corp
Purdy
7 fee Aug
Nov
25
86c
Jun
41c
River
Rouyn
65c
16c
1.45 May
28
Jun
4,000
9%c
15c
Nov
44 c
63c
:
100
8c
__
50,900
11c
67,100
10,150
26
5'Ac May
Gold-
Porcupine Reef
15,950
10 c
22c
99c
26
Porcupine
18c
95c
Gold
Photo Engravers
95c
2,500
Feb
7 fee
Pamour Porcupine Mines Ltd
2.00
74,500
Feb
70c
7c
66c
-
2% May
23
9c
1.67
5
Nov
May
3 2'A
.•
Tubes
67c
29 fe
2'A
13
7c
(Eastern)
Hershey
Page
1.77
—
Mines
footnotes
39,850
12c
Goldfields
Gold
Yellowknife
1.45
20c.
30%
150
Jan
7c
*
Jan
1.00
Mines
Mines
Pressed
7c
*
_
19c
25 fee July
32%
Pacific
Powell
5c
Hosiery
Jan
17c
Nov
1.33
4,600
•
Apr
July
2'A
4,650
165,200
—1
Ltd
1.77
2.35
21c
14'A
1.V2
Little Long Lac Gold Mines
Lohlaw Groceterias class A
15c
12,469
50c
_
Nov
20c
Lake
Red
11 fee
2.95
9%c
25C
Feb
2.90
Jun
Jan
Feb
6
Oct
90,300
Jan
2.05
1.80 May
71,114
10'Ac
Omnitrans Exploration
4.20
48c
Lencourt Gold
3%
Jan
Jan
9
1.32 May
9c 10'Ac
Gold
2.55
5'Ac
1.25
54
Nov
Jan
3.95
85
1.31
Jan
83c
Aug
Julv
July
2.60
8,685
...1
3
46c
_
4.15
1
Mines, Ltd
40,470
42
25c
14c
_
Robinson Cotton
Leitch Gold
2.50
Pioneer
24
*
Jan
Aug
—1
_
Jan
2.10
95c
Mar
6.50
-
13c
Jun
37c
24
20
17c
Oct
1.25
10c
Mines
Piccadilly
6.00
!
Mav
5c
1,400
Pickle Crow Gold Mines-
8c
39,175
6c
1,000
Nov
24
.
9,000
7c
17''/a
6.00
»
Jan
Sep
9c
12Va Mar
1
f?
8c
70c
1.50
Jan
Mar
33c
Candy
Oil
Feb
Paymaster Cons Mines
15c
19
22 c
Secord
Jan
9 fe
1.55
Pacalta Oils
8
Sep
July
17c
.
Lebel Oro Mines
Leduc-West
Nov
40c
6V2C Sep
_
Mines
20c
1,000
Renabie
VU"
36,100
9,800
1,000
43c
Lapaska Mines
Larder
30c
31,500
11,500
33c
__
___
Aug
20c
1.45
May
4
Jan
65c
Oct
30c
4,500
16c
7 fee
42c
m
..
74c
119,200
5c
74c
9%c
90c
_
3,950
45c
76c
7c
*
...
97c
36c
12fee
37c
Jan
Mining
Cadillac
95c
4 %c
Feb
2.55 Mar
July
15c
90c
July
15'a
_
4c
65c
35c
12c
Mines
__
6,000
26 fe
70c
Orlac
5c
Sons
32,025
8c
Apr
Sep
1.82 May
22
75c
43,000
67'Ac
33% Aug
1
,
2.50
Jan
72c
74c
Gold
..
2.25
Mar
12 fe
Feb
26
50c
..
505
30
13
Jan
49 fe
Malartic
Osisko
17c
—1
Gold
23'A
Nov
July
8fe
7c
Oils
Osulake
...
Mines
Lamaque
10
40
Okalta
O'Leary
Feb
Rowan
Shore
27 fe
140
9%
Ogama-Rockland
16 Va
1
Mines
585
11 Va
1.40
—
Gold
Gold
Sep
•
Fortune
Lake
85c
Nov
16c
Drfault
28 V2
9%
4c
North Star Oil
12 Va
...1
_
Mining & Exploration
Gold Mines
Lake
Aug
18
43c
(John)
Labrador
Lake
_
_
Townsite
Laguerre
Lake
_
Lake
8c
Mines
Inca
2,285
1
_
20c
__
Norseman Mines
13%
1
__
—
Northern Canada Mines..
13
16 'A
_
Nov
May
11
—
Norbenite Malartic Mines
9%c
_
Kirkland-Hudson
turtuand
31
46c
1
__
Golden Gate
Kirkland
Labatt
_
Jan
Feb
290
A.
Noranda Mines
13
__
Lake
turkland
45
1
..
25c
12c
15c
23
class
Yellowknife
Jan
*
Kelwren
Aug
16
Nicholson Mines
Jan
...
Kenville
Nov
27 fe
6c
Hosiery
Norzone
Nib
37%
1
_
77
Oct
37c
39c
103%
—i
_____
May
14
96c
Oct
—1
Ltd
65
25 fe
Oct
Gold__.
Nov
1
Mines
810
1,310
11%
Marlon
Mar
—I
Consolidated
M.
76
26 Va
22 fe
100
New
32
7c
Joliet
75
Oct
265
B
Newnorth Gold
26
•
Joburke
Feb
15
26,600
Mines
101
1
...
305
15
Mines
35
Jacknife Gold
Mines
17
12c
Calumet
125
Jack
Jellicoc
Jan
72c
32c
Bidlamaque
6,385
68c
Mining
18
Sep
12 fe
New
34'A
•
Mines
15'A May
43c
12c
common
National Steel Car
33'a
I
Waite
9,700
101 101%
*
common-
International Uranium
Jason
65c
19 fe
30
Co
Jun
23'Ac
Preferred
33%
100
_
Nickel
305
5,840
Jan
37c
21'A May
Aug
12
Normetal Mining
Norplck Gold Mines
115
200
18
A
_
International
17
50C
10.50
Mar
12c
Jan
Jan
840
25
13c
19% July
6%
55c
*
common
46c
7.90 May
18c
19 fe
29c
preferred..
Norgold Mines
9
—
Powders
Apr
Jun
Nov
47c
Jan
25 fe
17
65c
May
40
9 fe
»
_
Co
Mining
Int'l
Int'l
16%
26
Mylamaque Mines
Omega
Inspiration
19
Feb
Imperial Bank
•
Imperial Oil
Imperial Tobacco of Canada ordinary_5
4%
Feb
14 fee
Jan
7c
Malartic
___
20c
Nov
2 7'A
1.19
57c
___
common
ll%c May
Apr
A.
Lac
National
10c
Mining & Smelting—
Erie
5,700
Feb
16
75
Apr
8c
Mines
paid
17 fee 19 fee
Feb
62c
May
5 fee
Corp common
preferred
4%
Mosher
Apr
Feb
14c
i
&
30c
16
17
12
1
20%
40,000
460
Montreal Locomotive
18c
8c
Hosco Gold Mines
Huron
40c
4%c
10,000
Porcupine
21 fee
10 fee
Howey Gold
Hugh
31c
May
16%
Knitting
Moneta
Nipissing
Hudson Bay
2c
47 fee May
8 Vac
__
Containers
May
—
•
Yellowknife
500
7c
Oils
Model
9% May
64c
Oil
Homer
32,036
16'A
Grain
a
7c
_
Gold
1,475
75c
2'Ac
8.65
Brick
9V4C May
0
Hoiiinger Consolidated
68%
65c
2%
Pacific
1,180
•
_
Feb
8c
Oil
8,800
1
Mining
—
Apr
18 Va
68c
Mills
Mercury
Mid-Continent
5,784
100
Dauch
&
18c
64%
Mines
Lake
11
$
__
10 fe c July
1.15 Jan
27'/a
New
Highridge
Feb
Nov
25%
Lake
1.00
Heva Gold Mines
Highland-Bell
VaC Aug
2'Ac
Red
12c
13c
com_
Nov
5 fee
15
27
Gold
McLellan
15c
30c
Paper
2.60
Oct
18 fe
preferred
10c
1
Preferred
1.50 May
14 fe May
27
Nov
27
(L),
12c
1
Mascot
July
2.60
2c
Nov
56c
Feb
1
—
4.00
May
2 Vac
17 Va
Frontenac Ob common.
National
Heath
2.80 May
30c
2.06
Preferred
10'A
1
_
Feb
Nov
2 Vac
Massey-Harris common
12c
1
-
7%
9c
10 fe
1
—
Mines
Sep
14'/a
Moore
Hamilton
5fe
Sep
14 Va
Mining Corp
Gunnar Gold
Guayana
7%
Feb
10
Oct
___
*
Coal
2,882
2.25
Jan
10%
-.01
37c
102 fe
52%
h o cm
_
Great
10
Jan
39c
Jan
_
_
9 'A Sep
9%
Martin-McNeely
50c
—
__
1.30 May
35c
Aug
Aug
*
_
39,990
13c 14'/a c
6 Va
_
Gold
32c
23c
13c
«!
A
10,800
2.05
4.20 Mar
4.85
5 fee
11c
50
Grandoro Mines
High
1.75
35c
McWatters Gold
Grafton
Low
2.25 July
11c
Aug
3.60
Mines__
Gold.
Mines
4%c July
21c
4c
A___
Gold
Eastern
3,000
1
Gordon Mackay class
19,129
1.80
Leaf Milling
Maple
7,500
*
Preferred
Mines.
Malartic Gold Fields
Manitoba
10,600
__
__
common
3.05 May
2.70
7%
6c
—3
Mines
Gold
B
19c
Porcupine
Goodyear Tire
23,675
2.40
MacMillan Export class A
6c
•
Goodfish Mining
3.90
14c
MacLeod-Cocksbutt
14c
19 fee
1
Mines
High
3.30
Red Lake
Macfie
Range Since January 1
Low
2.45
MacDonald Mines
1
Mines
Mines
Shares
3.35
Mines
Macassa
1
1
Golden
Goldhawk
50c
7.13 Mar
5.40 May
17 fee
•
Mines
Arrow
for Week
Sep
4c
Gold
Eagle
Goldvue
20,454
20c
3c
1
Golden
Goldora
7.15
18c
3 fee
—I
Gold
Mines
Goldcrest
Gold
6.15
18 fee
1
Oil
God
Goldale
6.55
1
Lake
Sales
Range
of Prices
Par
High
20
Class
Glenora
Week's
Last
STOCKS—
Range Since January l
High
*
General Steel Wares
Friday
Sale Price
for Week
of Prices
Par
Gatlneau
NOVEMBER 21
ENDING
Sales
Last
gale Price
STOCKS—
Monday, November 24, 1947
MARKETS
LISTED
WEEK
FOR
CHRONICLE
& FINANCIAL
May
July
6
3.60
Roxana
Merger
Oils
7c
7c
600
16
Sep.
.
.U*
>12C
Feb
Rupinuni
Russell
28c
Jan
Saguenay Power preferred
May
25c
Nov
45c
53c
18,150
30c
Aug
24%
25
1,385
22 fe
Apr
25
Jan
16 fe,
17
135
12fe
Nov
21
Jun *
45c
Jun
10 fee
10 fee 12 fee
-
Augl'-'K
,5$.9r>iFebj;t;,:.*
16 Cc '•
1.03
29c
common-
100
1,000
10c
Nov
28c
32c
33,300
25c
Oct
38c
14
Mines
Industries
5o
62,900
45c
Jan
2,000
32c
28c
Co
39c
May
15c
27c
24%
Mines
5c
14c
Gold
14 fe
960
life
Apr
15
103% 103%
20
103 fe
Nov
Jan
Sep.
fulv,
10^ " Tetf'
.
yolume 166
THE
Number 4649
COMMERCIAL
&
CANADIAN
RANGE
Friday
Week's
Range
Sannorm
Sarnia
50
100
1
l
Ltd
*
Low
19
85
50
250
136
138
30
4.50
5.10
13,095
__
4.55
9%
High
A
50%
140
117
Apr
3.25 May
Oils
Steel
Upper
Oct
Canada
Ventures.
13c
7,600
6c
Aug
20c
Aug
20c
24c
17,200
16c
May
30c
Oct
14Ma
15
11
May
14%
16%
50
16
Sep
16%
Shawinigan Water &
Power
Walker
Oct
Bherrltt-Goraon
Gold
Breweries
Mines
Silknit
Silver
85c
31c
235,720
Ltd
(Hiram)
21 %
21 %
22
515
21%
Aug
25%
48%
645
48%
Nov
50
Sep
20c
1,500
43c
*
19c
__
10%
__
10 %
15 %c May
10%
25
7,050
1.00 May
1.65
3.30
24,324
2.06
Jan
5.35
16
15%
16
530
12%
Apr
16
Oct
__
15%
1
•
pfd
A
100
•
14%
15%
2,200
9.10
9.10
10
1,930
15
16
45
12%
45c
58c
526,500
24 %c
—
56c
12%
12'%
12 %
99
23%
102
103
47c
55c
Sladen Malartic Mines
19,650
l
45c
Southam Co
•
Stadacona
Mines
•
Nov
68c
Aug
68c
Nov
17
Apr
20
13,750
91c
May
70c
__
85c
29,365
50c
May
8%
875
7
May
96
Nov
105
8
677
10 %
10%
10%
65
Starratt
1
93c
88c
1.01
56,400
*
15
15
15
60
•
25
♦
Sullivan Cons Mines
Surf Inlet Consol Gold
Ltd
Preferred
10
1.06
13% May
17%
83
89%
10c
Aug
15c
8,500
2.25
6,185
21
200
24c
25c
7,500
__
2.10
2.04
2.30
1.75
Ymir
18c
22c
2.40
18,165
73c
70c
74c
10,300
18c
2.85
Nov
31c
1.98 Mav
27
62c
5
3.90
3.85
4.50
23,637
Oct
Asbestos
Brown
Co
&
Canadian
Aug
10%
3.20 May
4.50
Vickers
Preferred
Nov
Canadian
23
90
11,850
4.300
9c
10c
18,000
16
280
Dominion
Textile
Sep
13%
Nov
Union
1
For
class
A
footnotes
8%
12c
see
50
25
page
27
2,000
29%
7"% May
100
29%
8c
Foothills
Hayes Steel
Feb
Humberstone Shoe
_
18%
10
10%
Feb
Jan
Pend
25
26%
45
79
505
165
165
165
5
6%
6%
7
8.500
110
112
20%
20%
20%
415
20 %
Oct
23% May
24
22
24
510
21
Jan
25 %
2 %
2%
300
30
31
175
144
145
60
3%
15,600
4
4
_
4
_
50
35
42%
16
17
700
21
30
_
100
_
2
Feb
Price
ord
EXCHANGE
RATES
CERTIFIED
Apr
Oct
155
50
21%
39c
41c
1,600
31%
32
40
109
112
55
23 %
24%
27
2% Aug
10,185
Jan
32c
Feb
3%
Mar
Nov
72c
Jun
30 %
2.70
27
114
Nov
27
Nov
1,400
25
Jan
14% May
2.65
Nov
92
395
Jan
1.90
Feb
37
Jun
3.00
20
Jun
22
22
60
21
Nov
24 %
Feb
61%
61%
63%
5,555
41
May
63%
Nov
24
•
23%
24%
2,255
4 % C
4%c
4,000
15% May
4%c Nov
2.15
2.35
700
•
4
4 58 c
__
1.75
30
Feb
Oct
24%
8c
Apr
3.40
Sep
Jan
69
70
Nov
51%
35
52% May
47% Jan
70
51 %
52
May
10c 10 %C
__
4.500
6%c May
12c
3
150
Jan
Statement of Condition of the 12 Federal
Reserve Banks Combined
(In
thousands
of
dollars)
Increase ( + ) or
BY
Monetary
FEDERAL
14,
1947
Unit
RESERVE
BANK
TO NOVEMBER
20,
TO
TREASURY
Nov. 19,
UNDER
TARIFF
ACT
OF
1930
Buying
Rate
Value
for Cable Transfers in New
in
United States
Nov. 15
Nov. 17
ft
9
t
.297733"
Australia, pound—,
.297733*
.251247*
Free.
.251247*
3.211633
Closed
fund
for
Nov. 18
$
.297733*
.251247*
3.212133
3.212296
Nov. 19
Nov. 20
$
S
.297733*
.297733*
.251247*
.251247*
3.212133
Belgian, franc
.022814
.022807
.022800
.054406
.054406
ctf.
20,581,170
+
*
70.000
3,066.713
+
+
3,200
21.263,912
reserves
+
73 200
+
+
22,408
—
10 872
—230,174
—
130,650
268,852
and
Industrial
Acceptances
U.
S.
advances
Govt,
1,442
94,603
—
purchased
.896250
.898750
.900312
.897187
+
862
Certificates
7,215,905
+ 107.100
Notes
1,314,000
+ 343
F.
loans
from
R.
—1,769 912
47 607
—
500
+
478 900
791,111
+
53,421
+
37,721
securities.
22,221,940
+
170,371
securities.
22,423,064
Bonds
.054406
1.000000
330
144
—
+
—333 650
Due
1.000000
*98
—
12,900,924
Total
1.000000
862
2,972.1*0
securities:
Bills
Canada, dollar1.000000
198,820
loans
Total U. S. Govt,
.897500
1946
$
682.742
gold
Discounts
.022804
.054406
Free
R.
Other cash
3.212296
.022806
.054406
1.000000
F.
notes
Brazil, cruzeiro—
Official
1947
S
certificates
Redemption
York
Nov. 20,
Money
Nov. 14
Official
Nov. 12,
1947
Assets—
1947, INCLUSIVE
Total
Argentina, peso—
*
Decrease (—) Since
Noon
and
banks
foreign
notes
of
banks—
items
Uncollected
—
Colombia, peso
.569800*
.569800*
.569800*
.569800*
.569800*
.020060
.020060
.020060
.020060
EJenmark, krone
.208635
.208635
.208635
.208582
4.031250
4.031406
4.031250
4.031562
.008404
.008405
.008402
.008400
Federal Reserve notes
.301754
.301754
.301754
.301754
.301754
.205775
.205770
.205770
.205754
.377657
.377682
.377657
.377682
.377682
—1,429,45^
27,504
+
648,216
1
—
—
7 718
—
649,784
+
Deposits:
.205763
+
.020060
.208635
—1,299,998
60,445
95
131,364
3,307,253
other
'Czechoslovakia, koruna
England, pound sterling
France
4.030625
(Metropolitan) franc
Mexico, peso
Netherlands, guilder
Closed
.008403
;Endla (British), rupee
;—_
Bank
33,235
Total
assets
-
Official
Free—
j
U.
S.
New Zealand, pound
1.000000
1.000000
1.000000
.893750
.896250
.897916
.894791
3.225000
3.225166
3.224500
Closed
3.225000
.201580
.201595
.201595
.201595
Portugal, escudo
.201595
.040063
.040051
.040094
.040066
.040063
.091324
.091324
.091324
.091324
.091324
.278250
.278235
.278250
.278250
.278257
Sweden, krona
Switzerland, franc
XJnlon of South Africa, pound.
.233628
4.007500
.233628
Closed
4.007500
acct.
17,067,520
1,560,193
-
406,022
519,876
deposits
items—
19,553,611
2,689,084
Other liab., incl. accrued divs.
20,696
.233628
.233628
.233628
4.007500
4.007500
4.007500
jUruguay, peso—
Controlled
Noncontrolled
•Nominal rate.
.562040*
.658300*
.562040*
.658300*
.562040*
.658300*
.562040*
46,784,567
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
12,047
+
—
+2,186 546
64,564
+ 228,728
154,335
—
+
969.61;!
+
927,019
37.0J4
—
190,346
12.873
+
95,085
+ 541.259
+
1,801.399
+ 235,188
+
493,090
666
+
6,609
+ 712.549
+
2,146 7"3
+ 336.672
—
+
+
.658300*
.562040*
194,562
439,823
27,455
45,767
Total liabilities & cap. accts.
of gold certificate re¬
47,492,174
532
+
9,573
+
+
81,468
27
+
+
"973
51,299
—
+ 714,054
+
2,186j,546
0.4%
+
5.1 %
Ratio
note
.658300*
availability
liabilities
Total
serves,
n
+ 714.054
628
+
.
3.225166
Norway, krone
6pain, Peseta
47,492,174
acct.
Treasurer—gen.
Deferred
1.000000
.895000
3,144
24,521,176
bank—reserve
Foreign
Total
1.000000
27
+
Liabilities-
Member
Newfoundland, dollar-
+
64,399
premises
Other assets
Other
.
130 Vb Mar
Aug
2.70
Gold
and
Jan
36 %
46.
NOVEMBER
Country
Feb
3
Jun
Mar
record for the week just passed:
FOREIGN
Nov
May
Pursuant to the requirements of Section 522 of the Tariff Act of
1930, the Federal Reserve Bank certifies daily
Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We
i
1.75
26
Nov
113
14 %
the
.
67 % May
37 %
4
_
7%
190
4
Petroleum
May
415
26%
common
Temiskaming Mining
3
Feb
4,217
__
Supertest
Aug
40
—
Bros
Nov
Nov
170
21 %
...1
50
Oct
155
May
38
_
17
80
3%
_
Minnesota & Ontario Paper
Selections
Apr
31
20%
4
5% May
Nov
May
May
8%
3%
4
Oreille
15
25
43
4
_
High
Jun
21%
4
!
a
Loto
4
_
1
78
_
Oil
Jun
17% May
50
Mar
16% Mar
79
4
Oil
International Paper
21c
Nov
19c
Oct
Range Since January
15
Feb
31
May
29%
30
Nov
26%
10
_
_
_
Foreign Exchange Rates
give below
Jun
Sales
Shares
4
Sep
16
8 % May
18%
--
16 %
Nov
for Week
4
38
1.10
Week'*
Range
_
common
Feb
May
9c
13%
of Prices
__1
30c
May
58c
2,495
lie
__
1.40
10 %c May
25
9%
__
*
preferred
11
8,000
8%
*
preferred
3,000
9%
Jan
3.50
May
10
Donnacona Paper
9%
25%
30c
2.70 May
19c
High
Bridge
Jan
•
Aug
9%
Oil
Dominion
30c
220
15 %
4
Dalhousie
Feb
Aug
•
37
July
20c
Low
Aug
Nov
Toronto
9 %
75c
Oct
101
May
Oct
19
Apr
21%
Oct
7c
Jan
21c
Jan
96
Aug
29c
Aug
13%
125
9,600
21c
*
16c
37
2,858
98
10c
25c
Westinghouse
68c
70c
21
97
3.50
Consolidated Paper
70
__
20 %
97
22
com
Sugar
common
_
7,500
Union Gas Co
20%
10c
Jan
20c
100
common
__
6,142
70c
28,500
21c
Canadian Western Lumber
10
*
13c
7%c May
10c
July
3.10
Canadian Marconi
Sep
18c
*
10c
100
90c
•
108
101
Jan
Feb
1
Dominion
10
15c
Nov
15
Sale Price
Pulp & Paper
Industries
17c
11 %c
31
23
Preferred
Canada
Canadian
72c
__
Sep
3.10
common
17c
1
26%
10c
4
75c
13
560
9C
__
*
13
27%
5,000
1
_
1
__
39% Mar
101 101 %
*
Corp
Tombill Gold
__
36
Oct
14,000
__
Feb
Nov
*
38%
Oct
35
13c
4
_
Toburn Gold
B
Feb
Nov
33%
—5
_
Preferred
Oct
Fuel
23
25
15c
Girl
British Columbia
Feb
Class
Nov
8%c
common
1.00
62c
1
Yankee
Knitting
28%
65c
United
Jan
30%
11c
100
__
54
Nov
Mining
23c
Oct
4
_
Mines
Feb
May
United Corp class A
Class B
Nov
23%
10 %c
*
—
Oct
16c
B
14c
1,038
Mar
100
lie
-
__
51%
1,365
52
35c
Resources
3,000
50c
100
27
Par
Jan
85,150
class
Aug
26
101
1
_
Andian National
Jan
54,200
common
Oct
Nov
20c
Last
Mar
2.75
25C
Finance
Feb
4.95
23%
10
Jun
37%
Friday
Jan
60c
City
7
35%
27
100
common
26
26
52
„
__
10c
1.70 May
8,600
2.16
Sep
19c
Transcontinental
4.20 May
21% May
35
STOCKS—
Oct
48c
Traders
Jan
Canadian Fund*
Feb
21
4%c
16,150
18c
2.17
2.65
Jun
21c
Twin
Mar
Toronto Stock Exchange-Curb Section
22 %c Mar
Jun
18
' 48c
Towagmac Exploration
22c
25 %
26
•
common-
_
Yellorex
Jan
1
Elevators
30%
100
—
Jan
Sep
•
A
16c
29
*
Gold
Jan
Thurbois
class
27,800
15c
Apr
Teck-Hughes Gold Mines
Thompson-Lundmark Gold Mines
Tip Top Canners
31c
29%
Jan
12
Oct
2.15
*
May
78
20%
50
May
55c
74%
14%c
•
Mines
26c
Feb
Aug
Oct
10
1
common
80
_
__
Feb
70
21
1
TakU River Gold
Tamblyn
I4%c
_
__
(George)
Nov
79
50o
Sylvanite Gold Mines
9%
80
2.19
1
1.48
85c
77
1
Sudbury Contact
3,650
1
York
79%
__
80
*
Mines
preferred
15,450
10
27c
Feb
10
6%
Oil
4.90
26%
12
37%
Apr
5% May
98
6
Stuart
4.55
Nov
Nov
23
25%
Feb
2.85
Oct
1.47
98
Steeloy Mining
Steep Rock Iron
10c
Jun
10
7.25 Aug
100
4.60
_
Combing
Wright-Hargreaves
106% Mar
7%
v
6
Steel Co of Canada common
Preferred
26,000
23%
25%
_1
common
Wool
Apr
36c
98
Bros
6,860
15c
23
1
Winora
Jan
Nov
43c
20
*
Stedman
29
101%
123,209
•
Gold
8.40
12c
«
_
_
h
Preferred
Jun
20
100
Olsen
7.50
10
Wingait Gold
Winnipeg Electric
Jan
68c
Paving com
Stanley Brock class A
Standard
32%
1.45
70c
•
com
2.00 May
7.85
__
Preferred
Nov
45c
1.45
♦
(1944)
Preferred
35,202
1
Wiltsey-Coghlan Mines
Winchester Larder
Feb
19%
__
Standard Chemical
2.85
A
Weston
13% July
100
Jun
19% May
45
47c
58c
Nov
24'%
1,095
102
1
Springer Sturgeon
Apr
99
100
Gold
19%
Sep
11% May
980
Class
15% Nov
10% Feb
May
8.75 Aug
10
27%
22%
__
12
119
99
26%
__
27%
•
Preferred
2.42
21c
7% May
2.60
<■>
W)
High
Jan
1,685
_
Mines_
Products
Preferred
Feb
5
class B
&
6%c
8%
25
_____
Western Grocers
Jan
3.05
1
Miller Mines
Malartic
Westeel
Jan
1.20
3.15
•
(Quebec)
Simpson's Ltd class
13%
Sep
1.05
1
common
(G
common
2.000
Jan
50o
common
West
Jan
48%
Ltd
Low
9c
8%
i
_
_
_______
Wekusko Consol
Nov
48%
1
Mines
Silverwood Dairies class A
Silverwood Western Dairies
Siscoe
85c
May
*
Voting trust ctfs
Sigma
65c
•
Preferred
Shawkey (1945) Mines
Shea's Wpg Brewery class A_
Sheep Creek Gold
Sicks'
74c
__
Amulet
Range Since January
High
9c
8%
*
Virginia Dare preferred
Waite
Nov
Low
9c
1
Ltd
Waterous
1
Mines
Vicour Mines
16%
Shares
*
5.10 NOV
14%
for Week
*
United
Oct
32% May
__
*
Sales
Range
of Prices
Par
United
Nov
12%c
__
22c
Week's
Sale Price
STOCKS—
19
Jan
__
class
Senator Rouyn Ltd
14
Last
Range Since January l
High
48 %
■
1
Mines
Bridge
Scarfe
Low
18%
__
45
MARKETS
NOVEMBER
Friday
Shares
*
St Lawrence Paper
preferred
San Antonio Gold Mines Ltd
Sand River Gold
ENDING
(2137)
for Week
of Prices
Par
St Lawrence Corp common
Class A preferred
LISTED
WEEK
CHRONICLE
Sales
Last
Sale Price
STOCKS—
FOR
FINANCIAL
to deposit and F. R.
liabilities
combined—
liability
on
purchased for foreign
respondents
Contingent
Commitments
trial loans
to
make
—
48.2%
—
bills
cor¬
14
3,032
—
3,292
indus¬
—
7,545
:+
369
—
1,020
46
(2138)
THE
COMMekCIAL
&
FINANCIAL CHRONICLE
Monday, November 24, 1947
OVER-THE-COUNTER MARKETS
Quotations
for
Friday,
November
21
Investing Companies
Mutual
Funds—
Par
Aeronautical Securities
Atfiliated
Amerex
Fund
1
Holding
5.08
l'A
Inc
4.02
10
Corp
3.81
Shares
4.40
48.48
49.47
3.87
4.27
shares—
4.02
4.43
3.57
3.94
Equipment shares-
4.43
4.88
Equipment
shares
2
8'A
9
Drug
1
7.66
8.28
Electrical
5
15.61
16.97
Inc
Axe-Houghton Fund
10
B
General
Industries
shares
4.32
3.80
Paper shares
4.46
1994
—2019
81%
83
1st 4s
Conv
4%s
Income
Common
5%
93.92
97.83
Petroleum
19.84
21.45
Steel
Bowling Green Fund Inc—_10c
8.34
8.35
Inc—5
17.07
18.45
7.28
7.98
1
17.38
19.04
Mass Investors Trust
Mass Investors 2d Fund
1
25.50
27.57
1
11.50
12.43
1
4.00
5.10
Mutual Invest Fund Inc
10
14.00
*
28.36
1
13.89
1
13.59
14.59
1
9.89
10.69
Inv
Broad
of America
Tr
Inc
Street
Invest
Co
Bullock Fund Ltd
Canadian
Fund Ltd
Inv
Century Shares Trust
Chemical
Fund—
Christiana
144
149
100
1
5.81
1
15.29
1.45
■
Nation-Wide
1.59
Bond
Balanced
Low
Priced
Preferred
1
24.18
Boston
First
Mutual Trust Fund
Corp
25.85
16.27
Fundamental
Trust
General
Capital
General
2.08
31%
American
5.77
Aviation
7.27
Camden
5.44
Diversified Investment FundDiversified prefeired stock
Diversified
Industry
12.07
13.23
City
9.36
10.74
11.77
Connecticut
7.32
7.94
7.38
Electrical
8.00
7.54
8.18
Metals
9.71
Oils
7.33
7.95
Pacific Coast Invest Fund
6.96
Public
Petroleum
5.57
Putnam
4.16
4.52
4.94
5.37
10c
1.66
5
22.39
24.41
7.96
_
8.73
75c
Insurance Group shares
and Bond Group shares
94c
Stock
84c
1.04
13.47
14.76
10
27.79
13.77
14.08
Keystone Custodian Funds—
(Investment
Grade
B-3
(Low
B-4
(Speculative
H-l
1
27.68
28.95
Bds)__1
23.48
25.62
16.42
17.92
Bonds)
(Income
Priced Bonds
1
Bonds)
S-l
S-2
1
8.98
17.49
3.45
25.99
27.95
Russell Berg Fund Inc
Fund
Inc
Selected
State
(Low
Priced
Knickerbocker
19
21
10
43'/a
45%
5
16'A
11%
River
2.50
22%
24%
17%
19'A
Northeastern
5
6 'A
15
17
Northern
67
70
47%
Globe &
6.47
1'rusteed Industry Shares
25c
C
77c
Republic
Revere
Newark
5
11%
12%
2nd
Great
39%
41%
7'A
8'A
18%
22'/2
15
American
Security
15
preferred
Seaboard
17
5
com
Si, Paul Fire & Marine
15
5
Rutgers Fire
19%
2 6'A
10
Fire
18%
24'A
79 y8
84'A
27
28%
U
S
Fidelity & Guaranty Co
2
44'A
24%
26'A
U
S
Fire__
4
47
110'/2
U
S
Guarantee
5
lo
Fire
106
10
31%
68%
71%
10
49
51 %
10
23%
25%
Sprgfld Fire & Marine
10
38%
40%
Standard
10
29%
9.51
1
7.72
4.49
4.90
Series 1955
1
3.42
1
5.19
5.77
Series 1956
1
2.81
Shares—
2.50
6.67
7.65
,♦
2.35
2.67
-1977
Cudahy Packing 2%s__
Stk)__1
-1967
97
Bank of New York
100
Bankers Trust
333
10
Brooklyn Trust:
38 %
100
101
Ask
24%
348
95%
97
40%
106
Central Hanover Bank & Trust 20
92 %
95V2
Chase National Bank
34%
36V2
10
39 y2
.,1982
k._
-1977
k__
Firestone Tire & Rub 25/8s_ -1972
96
97%
99
99 %i
Florida
Light
Power
2%s
&
Lt
-1977
3s
39%
41%
Trust
—
,'
New
Guaranty
160
15
Chemical Bank & Trust
Commercial National Bank &
210
255
Continental Bank & Trust
lo
Com Exchange Bank & Trust_20
Empire Trust
50
Federation Bank
&
Trust
15
16
100
1,470
1,520
National
48V2
16
94%
96
97%
977/a
98%
99'A
50
10o
246
Public
Service
1st
Co
1 V2s
Land
Oct.
Bank
New
Public Nat'l
39
102%
94
97%
100
90
93
54%
56
80
83
preferred
preferred
50
100
103
102%
95
96
4% %
96%
v
lor
Tennessee
101%
4 'A %
Toledo Edison
Co
27/8s
preferred
99
1977
8%
24%
25
25%
97
V
Seaboard "Container
1977
8
com-1
'
100
Tucker
Gas
"A"
6%
94%
Co.—
100
"A"—.
Corp
6
94
1
Transmsn
preferred
5'/a
1
5%
41
Sterling
70
74
16
19
40
100 1,255
1,315
Bid
Ask
100.2
York
Trust
Bank & Trust_17V2
National
25
Title Guarantee & Trust
12
United States Trust
100
100.6
1,
1950-1948
1'As May 1,
l'As Jan. 1,
2'As Feb. 1.
1952-1950
98.28
9%
610
99.22
10%
640
United States Treasury Bills
102.16
102.24
Ratei tyaoted are for discount
Bid
l'As Apr. 15, 1948—
1'As Sept. 15, 1948
99 30
100 2
99.30
_
100 2
Treasury billsNovember
December
other issues
28,
1961
123%
125
11,
December
18,
December
January
2,
January 8,
Quotations For U. S. Treasury Notes
Figures after decimal point represent
one
or
more
32ds of
a
Ask
0;8l%
b0.89
0.83%
January 29, 1948
February 5, 1948
February 13, 1948
b0.90
0.84%
b0.92
0.88%
February
b0.94
0.907*
0.72%
January
b0.83
0.75%
January
b0.84K 0.76%
1947
1947
25,
■
,
Bid
bO-86
1948
" bO/82
1947
4. 1947
December
Panama Canal 3s
.v
at purchase
Ask
99.30
1955-1953
Federal Home Loan Banks—
99.4
1953-1951
r~~
100%
100
91 'A
56%
'75
38
Bonds—
3.50
(Colo)—
mtge__
Obligations Of Government Agencies
Federal
§1%
103
—100
preferred
Pitney Bowes 4'A% pfd
Public Service (Indiana)—
41 y2
88'A
1987
Pennsylvania Electric 2%s_ -1976
Philadelphia El Pwr 2%s— -1975
252
39%
25
3'/aS
50
50%
102
~
27/as
12y2
Tel
94
49
1—•
Robertshaw-rltn Controls
52
20
Morgan (J P) & Co Inc
National City Bank
&
Ask
Bid
92
pfd_100
preferred
3.70%
1976
27/aS
Par
Pennsylvania Electric—
-1980
Pacific Tel
51 '/2
54%
10
Bank
25
71
10
Fiduciary Trust
First
15
k—17,
3s_1982
264
10
Manufacturers Trust Co
Trust Co——
33 "
Public Service—
3.90%
100
99
1977
Pacific Pwr & Light 3'As— -1977
180
190
100
Trust
England Tel & Tel
Pacific Gas & Elec
100
Irving Trust
Kings County Trust
Lawyers Trust
30%
England Gas & Elec—
4%%
Ask
100
National
.
Ohio Public Service 2%s
Bid
.41%
20
Fulton
66%
2.50
Fire
$1.90 preferred
$2 preferred
Kentucky Utilities 4%%
Detroit Edison 2%s
New
Par
Grace
50 "
63%
Birmingham Elec $4.20 pfd—100.
Connecticut Light & Power—
97%
Duquesne
Trust Shares—
City Banks & Trust Cos.
Bid
46'A
.—10
Stocks—
Ask
Bid
Arkansas Pow & Lt 27/aS
North
23 '/a
550
8.46
13.19
Co__10
31%
535
16.37
12.08
Manhattan
100
Security Issues
18.85
15.22
Independence Trust Shares
Par
the
Accident
Westchester
34'%
Recent
9.70
17.27
1
Kentucky Utilities 3s
of
Haven
Travelers
Ohio
B<»nk
12%
Surety
New
8.30
14.92
New York
20
5
21.91
23.20
Amer
28%
18
6.56
7.59
20.05
28.45
Trustee
26%
10
87c
1
1
E
5
4
10
Fire
10
Bonds—
Series
2
( N Y)
(Texas)
(Paul)
4'A
33
31
19.49
Unit Type Trusts—
Diversified
Reinsurance Corp
50
95%
151
10
21.83
6.00
Wall Street Investing
Corp
Wellington Fund
Whitehall Fund Inc
World Investment Trust
Providence-Washington
3 'A
5
49.50
17.83
:
85
Accident
82c
21.17
Union Common Stock Fund B_1
Union Preferred Stock Fund—1
51"
81
7.08
74c
46.50
Union Bond Fund series A_.
Series B
71
92%
Hartford Steamboiler lnspect-10
1
101
48
50%
47
12.19
10c
Preferred
146
10
11.27
Corp.*
Series
Falls
28%
68
51.04
Investors
Street
97
Co
47%
2 Vat
Amer Shares
Indemnity
10
Fire
Pacific
73
10
Pacific
70
25
49 3A
20
Phila_.
of
7'A
12.50
29%
.
27%
51.04
13.67
com
10
Hampshire Fire
•
new
26.08
Fund
Brunswick
New
Hartford
21.27
Stocks)—1
Assn
Hanover
com Stks)_l
com
(Appreciation
S-4
1
Clark
&
Investment
19.09
(Income
S-3
Fire
Fireman's Fd of San Fran
9.81
pfd Stocks)
1
( Appreciation pfd Stks)_l
< Quality oommon Stks)_l
K-2
New
New York Fire
5%
-10
Fidelity & Deposit of
Globe & Republic
3.14
29'A
67
10
11.41
1
27'A
73
4%
.10
Federal
of
16.06
2
Casualty
70
26%
Fire
14.94
30.21
Invest Management Fund Inc—1
Investment Co of America..
Employees Group
Employers Reinsurance.
General Reinsurance Corp
Gibraltar Fire & Marine
20
Amsterdam
Thoenix
Franklin
5
5%
31%
63%
10
"Firemen's
1
4%
29
10
Casualty
7.66
Trading
Sovereign
Group shares
Group shares
Continental
5.48
(Geo) Fund
Republic Invest Fund
47
44
2
10
Life
Crum & Forster Inc
Glens
&
lo
Liberty
10
York
General
10.41
.'Standard Utilities
Aviation
of New
9.22
5.00
28%
5
North
6.99
equipment
Scudder, Stevens
Investors
6.49
26%
5
Fire.
8.41
Railroad
1.71
—
_
_
12.07
4.70
4.46
15.70
5.92
Tobacco
5.13
—
_
2.60
8.81
11.01
Steel
4.32
—
Railroad
7.80
4.10
_
5.67
2.38
shares
8.25
10.48
14.33
7.61
—
9.56
Utility
7.19
—
11.91
8.04
5.22
—
8.84
6'A
(Detroit)—10
Casualty
National Union Fire
10.35
10.87
X9.25
snares
11.96
8.07
9.44
stock
Machinery
Merchandising
shares-
_
10.91
equipment
29%
28%
5'A
25
Shippers
11.25
Insurance
shares—
shares
shares
National
11.35
5.93
_
(Medium
&
10.60
7.12
28'A
26%
National Fire
National
34%
2%
Boston
10.36
11.20
5
5
4
Y
10
Bankers
10.21
Corporate bond series
Institutional Securities Ltd—
B-2
Baltimore American
10.56
9.32
Chemical
Ir.come Foundation Fund Inc
B-l
7.97
9.64
_
6.84
6.56
shares
18
58%
31%
21%
New
7.88
10.34
shares
16
56%
14
51'A
20%
17%
30
7.27
Equipment shares
Bank
Reserve
American Surety
Automobile
5.38
16%
28
13
49'A
5
Assur
Mfrs Fire N
10
lo
;2%
Reinsurance
25'A
10
Bonding
Fire
&
10
American
1
Merchant
Merch
37
preferred
Massachusetts
10'/a
16
12%
95'A
34
Casualty common—1
25
4.30
15.83
6.63
_
Bond
(Newark
3.80
Automobile
shares
Incorporated
American of
9'/a
14%
92'A
i„'20
preferred
11
5
14.76
45.68
shares
_
Fidelity & Casualty_5
Inc—
6.41
utility
Equitable.
American
5.01
—
Common
American
8.63
Industrial Machinery
Tobacco
American Casualty—
7.03
42.48
Institutional bond shares
shares-
—5
5.78
23 '/2
10
America
Jersey Insurance of N Y
Maryland
4.33
11.10
_
Administered
Steel
Convertible
10.13
New York Stocks
5.46
stock
Prior
36%
Agriculture
Equipment
Railroad
20%
34
7.26
shares
RR
19
„4
6.83
shares
Railroad
.10
6.30
Electrical
Petroleum
—
American Automobile.
5.82
Ask
65
6.29
Building supply
Chemical
Mining
62%
American Alliance
15.17
Building shares
Merchandise
—25
3.64
5.22
Corp
Aviation shares
Investing
41%
4.95
5.94
shares
bond
39 %
Life
8.03
13.34
Agricultural shares
General
—10
Bid
5
North
of
Agricultural
2
Investors Trust
Fully
42'/2
Insur Co
7.10
5.20
Bank stock—
Food
Home
45
3.89
Stock Series
Selected Group Series
Low Priced Com Stock Series.
New England Fund
1
Group Securities—
Automobile
Par
82
Aetna
A—2
Inc
shares
Ask
79
—10
7.46
*
Investors
Fundamental
1.90
291/2
Bid
-10
3.26
Industrial
26.31
Par
Aetna Casual & Surety-
7.26
Series
Stock Series
15.21
10
5
Companies
6.46
Series
Series
24.37
Financial Industrial Fund Inc lc
Insurance
—
4.47
Bond
Stock
*
First
62
4.80
Aetna Insurance
Series
1
Fund
28
60%
100
4.97
6.79
Speculative
Stock Fund
preferred
Securities—
series
Income
Fidelity Fund Inc
4.35
4.51
Balanced
shares
National Investors Corp
National Security Series—
& Howard—
Eaton
shares
shares
Common
16.64
25c
Fund
Shares
Ask
27
Manhattan Bond Fund Inc—
6.32
Commonwealth Invest
Delaware
15.02
3,080
Preferred
Dividend
30.50
com—100 2,980
Securities
*
4.92
*
5
Bond
Boston Fund
Bid
Chicago Rock Island & Pacific—
102
4.19
4%
Stocks—
Ask
100%
4.76
5%
4
*
Blair & Co
Bid
Bonds-
Chicago Rock Island & Pacific—
4.70
5'/a
Home Furnishings shares
Non-Ferrous Metals
4.26
1
1
Beneficial Corp
and if issued)
104.04
Managed Funds—
.Automobile shares
4.17
as
Ask
101.96
Business
series A
Fund
Bid
•
Loomis Sayles Mutual Fund
Loomis Sayles Second Fund
5.56
Associated Standard Oilstocks
Axe-Houghton
(When,
Par
32
30
1
American Business Shares
Reorganization Rails
Ask
Bid
J)0.84
0.76%
.
b0!85
"
1947
1948
Bid
0.78%
As'r
..
'""*b0,85
1948
I
1
15,
22,
19,
1948
b0.90
1948
0.79%
.i.v./ii'",,,
;
1
**&$&&&
point
0.86%
1
'
1
•'
1
11
[
'
Maturity—
Int. Rate
ISept.
15, 1948
tOct
I.
.
Bid
1%% 100.3924
1948
1%3 Jan. 1,
1%
Ask
.4166
99.9899
.0153
100.0160
1949 wi
.0375
..
«
Maturity—
Certificates
t%s Dec.
of
1, 1947
*%s Jan. 1,
t%s Feb.
Dollar Price 100 Pins
Indebtedness—
Bid
Ask
100.0148
Maturity—
Dollar Price 100 Plus
Certificates of Indebtedness—
t%S Mar. 1, 1948
t%5 Apr. 1, 1948
*7/8S June
1948
t%s July 1, 1948 Series F
t%s July 1, 1948 Series G
*%s July 1, 1948 Series H
1948
100.0113
.0197
la Oct.
1,
1, 1948
100.0016
.0111
Is Oct.
1, 1948 Series K
»
...
1948 Series J
Bid
Ask
99.9998
0106
100.0035
.0141
99.9695
.9851
99.9531
a
Odd lot sale
(not included
.9719
99.9902
.0156
(not
w
included ,ln, year's
1 When Issued,
x
range). -*t Ex-stoek
Ex-dividend.
kRemoved
dividend.
d Deferred delivery «ales ((hot
to Stock
(Un) Unlisted
Exchange.
issue,
rCash sales
wd When
delivered,
^Ex-rights.
.9715
99.9540
bBid yield price,
Included to year's range), eEx-interest. /fFlat price,
.9711
99.9536
iiTyear's rahge).
99.9910
.0163
•No
dividend.
par
value,
tin
defaultriThese bonds
are
subject to
all Federal taxes.
lEx-liquidattog
Volume 166
THE
Number 4649
COMMERCIAL
&
FINANCIAL
CHRONICLE
(2139)
Week Ended Nov.
1947
Third Federal Reserve
Bank
clearings this week will show
compared with
increase
an
year
a
based
us,
telegraphic advices from the chief
upon
for all cities of the United States from which it is
915,000
1,090,793
possible to obtain weekly clear¬
Our prelim¬
inary total stands at $15,988,664,463 against $13,311,798,376 for the same week in
At this center there is
a
1944
$
1,395,982
1,081,856
823,677
2,707,664
824,000,000
2,688,271
—34.5
714,645
0.8
902,487
+ 30.4
577,875
934,423
+ 26.8
2,131,661
856,000,000
3,530,370
3.9
706,000,000
2,213,583
802,000,000
+ 31.3
2,135,952
2,306,257
5,228,098
2,944,824
Philadelphia
Reading
1946.
1945
Dec. c/o
4,524,132
2,587,834
+ 15.6
13.8
4,050,232
2,127,023
4,603,265
Chester
year.
15
or
District—Philadelphia—
+ 11.0
2,608,377
3,739,549
2,183,536
2,255,284
Bethlehem
cities of the country, indicate that for the week ended Saturday, Nov. 22, clearings
ings will be 20.1% above those of the corresponding week last
$
Inc.
ago.
Pennsylvania—Altoona
Preliminary figures compiled by
1946
$
THE COURSE OF BANK CLEARINGS
47
1,073,768
—
Lancaster'
3,432,871
Scranton
Wilkes-Barre
York
+
+
+
720,338
1,392,416
Delaware—Wilmington
8,125,474
New Jersey—Trenton
Our com¬
gain for the week ended Friday of 42.7%.
parative summary for the week follows:
4,148,614
7,541,240
6,463,321
6,667,500
893,407,784
858,166,770
+
6,377,776
153,196,827
+ 27.8
+
0.3
123,848,810
5,640,595
149,336,664
276,367,373
+
6.2
215,683,434
18,505,300
259,631,561
21,221,200
Total
(11
cities)
7.7
4,986,912
3.1
4,864,951
l6Xl5~500
4.1
+
—
731,100,115
827,860,888
Clearings—Returns by Telegraph
Week Ended Nov. 22
*
1946
1947
New York
$7,853,599,846
$5,504,740,070
Fourth
Federal Reserve District—Cleveland-
+42.7
Ohio—Canton
Chicago
593,803,837
+16.5
1,083,000,000
747,000,000
+45.0
539,946,646
400,761,307
+37.2
319,845,015
274,492,607
+16.5
329,300,000
278,800,000
+18.1
381,986,000
355,950,000
+
319,155,911
230,543,368
+38.4
369,588,151
245,010,732
Boston-
,
Cincinnati
;
St. LOUIS—
San Francisco
-
—
Pittsburgh
Cleveland
-
.'
Baltimore
240,315,195
166,904,396
Columbus
$8,798,006,317
other cities, five days
2,984,590,008
2,342,888,330
+27.4
five days
$15,113,038,011 $11,140,894,647
875,626,452
Total
Fifth Federal
West
*
issue of next week.
our
ends
Saturday and the Saturday figures
are
Total
In the elaborate detailed
we
able to
are
Sixth
Federal
ended
Nov.
15.
For
as
the week
not available at time of going to press.
has to be estimated.
statement, however, which we present further below,
give final and complete results for the week previous
that week
there
an
was
of
increase
—
the week
4.0%, the aggregate of
clearings for the whole country having amounted to $13,017,854,647 against $12,516,022,568 in the
the
bank
Outside of this city there was a gain of 8.9%,
week in 1946.
same
clearings at this center having recorded
a
loss of 0.7%.
decrease of 0.5%
a
(including this city)
but in the Boston Reserve
of 2.4% and in the
Philadelphia Reserve District of 4.1%.
District
are
the
totals
an
increase
In the Cleveland Reserve
larger by 8.5%, in the Richmond Reserve District by 2.6%
and in the Atlanta Reserve
a
the totals show
the totals show
District
District by 9.9%.
The Chicago Reserve District enjoys
gain of 9.7%, the St. Louis Reserve District of 24.2% and the Minneapolis Reserve
District of 10.6%.
ment of
In the Kansas City Reserve District the totals show an improve¬
13.0%, in the Dallas Reserve District of 18.1%
8.5
599,897,974
755,026,646
2,828,832
2,285,614
10,190,000
119,560,248
of
185,388,744
66,697,452
67,634,678
398,215,885
388,306,194
Columbia—Washington,
and in the San Francisco
Week
-
Ended
Federal
3d
4th
Cleveland
Richmond
6th
Atlanta
7th
1945
$
Dec. %
$
St.
Louis—
Minneapolis
7
10th Kansas
15,581,622
14,108,744
+ 10.4
54,349,138
+ 22.3
46,412,829
51,534,228
211,800,000
+ 16.4
167,700,000
198,200,000
4,729,351
4,011,227
3,407,793
68,416,126
+ 17.9
3,021,305
75,613,182
6,214,948
Augusta
Macon
4,013,037
Florida—Jacksonville
73,480,220
Alabama—Birmingham
87,972,487
Mobile
6,862,676
Mississippi—Vicksburg
Louisiana—New
544,089
101,468,161
(10 cities)
459,986
114,524,425
607,633,863
Orleans
552,905,569
Seventh
Federal Reserve
Michigan—Ann
add
2,883,955
54,349,324
60,090,517
+ 16.3
64,759,868
67,884,372
+ 10.4
+ 18.3
4,836,624
361,528
—11.4
97,568,344
470,757
108,904,232
9.9
453,483,018
513,322,854
+
6,182,131
1,402,383
I,466,388
Rapids
Lansing
Indiana—Fort Wayne
11,243,198
9,244,534
+ 21.6
7,261,336
6,892,352
6,159,720
6,333,938
6,031,135
+
2.1
4,033,929
5,107,811
4,294,288
41,616,000
Indianapolis
54,885,000
South
5,847,510
13,897,411
54,855,948
Bend
Terre
Haute
Wisconsin—Milwaukee
Iowa—Cedar
Des
Rapids
3,853,126
Moines
Sioux
28,361,433
City
13,867,942
Illinois—Bloomington
878,979
'723,218
5,348,465
50,635,000
4,776,766
+ 18.4
4,220,139
8.4
37,558,000
+ 22.4
3,216,007
3,702,005
12,241,820
+ 13.5
12,048,307
10,448,369
52,296,296
+
4.9
41,072,047
45,435,510
3,652,054
23,876,831
II,817,363
+
1,161,291
1,109,711
Chicago
753,494,641
688,082,732
3,443,791
3,646,248
11,271,805
12,537,098
4.4
—
+
5.5
2,265,582
2,349,453
+ 18.8
18,423,551
16,175,303
+ 17.3
8,013,357
7,467,783
+
4.6
887,030
807,678
+
9.5
586,899,761
5.6
3,693,015
630,495,659
3,788,935
—
+ 11.2
8,253,994
10,252,431
3,038,776
4,560,380
4,259,493
+
7.1
2,771,637
3,461,813
3,259,222
+
6.2
3,154,081
2,781,999
979,366,623
893,015,863
+
9.7
744,650,752
795,377,570
215,100,000
85,984,712
(17
$
cities)
+
4.1
731,100,115
827,860,886
+
8.5
216,400,000
+ 19.8
706,531,414
599,897,974
194,600,000
755,026,646
Kentucky—Louisville
115,902,621
97,299,684
+ 19.1
79,188,192
388,306,194
+
2.6
324,057,648
351,267,139
125,596,328
89,908,004
+ 39.7
75,629,337
*76,338,438
552,905,569
+
9.9
453,483,018
513,322,854
Tennessee—Memphis
Illinois—Quincy
2,414,910
1,552,696
+ 55.5
1,617,000
J;i,397,000
893,015,863
503,113,859
405,160,384
+24.2
351,034,529
378,820,150
+
9.7
744,650,752
795,377,570
405,160,384
+
24.2
351,034,529
+
10.6
258,628,840
Eighth
Federal Reserve District—St. Louis—
Missouri—St.
Louis
259,200,000
378,820,150
337,589,136
251,886,328
433,481,958
383,748,568
+ 13.0
301,819,019
341,107,793
282,401,232
239,060,300
+ 18.1
188,533,066
193,845,548
695,028,300
642,220,156
+
8.2
543,250,109
658,649,344
13,017,854,647
6,690,455,760
our
2,663,221
7.4
District—Chicago-
12,516,022,568
6,146,215,083
4.0
+
8.9
+
10,896,080,016
5,113,993,571
11,993,392,272
5,754,312,518
Total
(4 cities)
Ninth
Federal Reserve District—Minneapolis—
Minnesota—Duluth
7,675,628
St.
7,423,230
+
3.4
255,628,589
235,159,862
+
85,482,986
Minneapolis
74,790,439
Paul
detailed statement showing the figures for each city for the
6,854,005
5,611,395
8.7
179,837,823
171,552,553
+ 14.3
57,263,763
59,628,129
North
Dakota—Fargo
7,873,571
24.4
4,684,880
4,497,081
Dakota—Aberdeen
3,649,448
6,329,750
3,027,917
+
South
+ 20.5
1,693,232
1,844,546
4,311,204
3,522,817
+ 22.4
2,791,756
2,672,335
8,678,750
7,335,121
+ 18.3
5,503,381
6,080,289
373,300,176
337,589,136
+ 10.6
258,628,840
251,886,328
275,239
267,474
364,216
4,886,590
80,292,284
2,784,179
Montana—Billings
Helena
now
17.8
+
Arbor
Grand
Total
503,113,859
Outside New York City.
We
3,334,516
+
473,431,367
+
—
II
—112 cities
Total
13,838,146
979.366,623
II
10
Francisco
11,809,975
1944
373,300,176
II
6
351,267,139
607,633,863
II
10
City
11th Dallas
57,032,510
324,057,648
6,452,796,647
398,215,885
If
4
+
436,594,783
766,336,233
II
17
190,971,864
57,326,122
5,963,030,163
858,166 770
II
10
—-
161,133,247
2.6
+
2.4
893,407,784
II
6
5.3
1.4
0.1
+
—
0.5
498,915,211
6,610,403,003
II
7
:
Chicago
8th
12th San
Inc. or
510,941.607
H
11
Philadelphia
6th
9th
1946
6,574,627,127
II
12
2,781,763
90,289,976
2,799,214
Springfield
$
12 cities
__
York
New
8,372,000
92,980,680
Rockford
CLEARINGS
1947
15
Reserve Districts
lit Boston
2d
Nov.
BANK
1,801,575
8,100,000
0.6
66,482,220
Georgia—Atlanta
Peoria
OF
1,735,836
11.4
246,500,000
Nashville
Decatur
Reserve District of 8.2%.
SUMMARY
+
Reserve District—Atlanta-
Tennessee—Knoxville
Total
3,246,910
+ 23.8
—
We group the
cities according to the Federal Reserve Districts in which they are located and from
this it appears that in the New York District
+
3,250,620
195,212,116
(6 cities)
cases
706,531,414
11,347,000
Maryland—Baltimore
+20.1
Accordingly, in the above, the last day of the week in all
2,426,715
3,947,663
312,822,248
118,879,865
South Carolina—Charleston
+35.7
inasmuch
2,866,480
4,260,392
230,124,905
—
Richmond
District
We cannot furnish them today,
3.8
+ 14.1
Virginia—Norfolk
—59.7
Complete and exact details for the week covered by the foregoing will appear
in
+
237,074,642
Reserve District—Richmond—
Virginia—Huntington
$15,988,664,463 $13,311,798,376
Total all cities for week
+ 17.1
6,069,308
766,336,233
(7 cities)
2,170,903,729
day
+ 25.8
3,321,988
270,520,669
Pennsylvania—Pittsburgh
+37.8
Total all cities,
24,123,500
6,297,550
Youngstown
+44.0
$12,128,448,003
All Cities, one
4,608,653
7.3
cities, five days
U
153,628.261
293,513,463
30,336,400
3,889,598
Cleveland
Mansfield
Kansas City
Ten
8,150,292
+50.8
691,711,239
Philadelphia
Total
(7
cities)
week ended Nov. 15 for four years:
Week
Tenth
Ended
Nov.
Clearings at—
$
1946
$
Inc.
or
Dec. %
Federal Reserve District—Kansas
15
"
1947
1945
$
1944
$
Nebraska—Fremont
1,962,902
—
Massachusetts—Boston
,
Lowell
+ 10.5
1,011,133
4,268,083
+ 12.3
3,449,036
427,760,663
—
Pall River—
1,776,108
4,795,011
—
Portland
1,843,403
—
422,358,025
1,831,182
+
+
759,584
676,677
2,128,598
1,796,935
+
Springfield
7,519,860
6,629,350
Worcester
5,553,158
5,184,675
—
New Bedford
Connecticut—Hartford
New
—
—
22,304,348
—-
Haven
>
0.7
+ 12.3
374,910,236
1,187,517
4,162,181
407,734,528
1,631,531
862,902
668,783
1,827,053
1,623,747
+ 13.4
6,016,913
7.1
3,898,653
4,413,547
+
17,225,459
7,277,980
7,450,747
3.0
17,928,600
20,211,000
8,286,461
24,455,700
1,303,025
1,210,470
+
7.7
•999,301
510,941,607
Total (12 cities)-*..
498,915,211
+
2.4
436,594,783
473,431,367
7,250,653
r
^
{2
York—Albany.
823,297
New
2,176,865
80,710,000
Newark
Northern New
(12 cities)
6,369,807,485
19,010,144
+
10,583,206
8,961,792
728,707
Jersey.
+ 32.9
10,755,091
.
1,805,755
12,496,222
Jersey—Montclair
0.5
20,227,858
Connecticut—Stamford
0.7
+
6,327,398,887
York.
Syracuse
Total
2,024,719
64,450,937
+
1,704,083
2,399,935
Rochester
New
+ 19.2
2,565,254
83,517,814
1,711,933
Jamestown
+ 15.5
78,369,442
284,211,200
St. Joseph
11,290,692
1,936,602
Colorado—Colorado Springs
Pueblo
Total
10,131,224
1,980,321
1,589,127
1,851,232
433,481,958
(10 cities)
Eleventh Federal Reserve
383,748,568
+ 27.8
3,460,786
+ 19.3
7,252,992
+ 11.5
197,586,179
+ 11.4
6,989,108
+ 21.9
1,433,131
7.0
1,400,277
1,344,165
1,207,093
+13.0
301,819,019
341,107,793
+
6,556,105
236,642,017
6,713,670
District—Dallas—*
718,252
41,769,038
Texas—Austin
Dallas
38,718,388
50,447,414
48,036,080
6,574,627,127
6,610,403,003
1,016,021
1,360,651
1,569,878
1,543,918
0.7
5,782,086,445
6,239,079,754
6.4
14,522,901
17,054,851
+ 18.1
8,376,971
7,799,803
+ 20.0
7,943,856
6,799,958
1.5
630,086
666,298
—
+
+
+'
—
7.9
31,944,156
5.0
41,422,767
5,963,030,163
6,452,796,647
3,173,902
159,262,000
20,039,044
19,298,410
9,919,384
282,401,232
239,060,300
4,962,000
-
3,117,561
Louisiana—Shreveport
(6 cities)
6,156,959
193,045,000
+
5.7
3,529,000
+ 12.8
2,504,228
+ 13.6
6,962,829
3,314,356
1,961,531
6,835,349
+18.1
188,533,066
193,8*5,548
+
Twelfth Federal Reserve District—San Francisco
Washington—Seattle
92,770,616
Utah—Salt
Lake
City
California—Long Beach
90,779,684
3,988,362
2.2
5.8
92,109,348
3,576,268
106,258,856
+
99,335,937
+ 41.6
73,342,758
102,676,101
49,957,464
Oregon—Portland
+
4,220,023
140,641,080
Yakima
41,508,026
+ 20.4
32,125,614
34,762,762
10,059,242
Francisco
San
Jose
8,468,166
8,435,101
Pasadena
7,673,751
367,413,789
365,953,000
11,012,535
695,028,300
-
Barbara
Stockton
Total
(10 cities)
Grand Total (112 cities)
Outside
New
York
12,516,022,568
6,690,455,760
6,146,215,083
3,856,938
8,122,301
-
+ 18.8
8,368,083
3,527,733
9,194,964
9.9
5,770,429
5,614,868
0.4
309,503,754
379,483,000
0.2
+
10,993,621
3,530,028
8,528,792
642,220,156
13,017,854,647
Santa
8,952,653
8,260,983
2,834,594
9.3
2,741,741
4.8
6,759,461
6,035,483
543,250,109
658,649,344
4.0
10,896,080,016
11,993,392,272
.+. 8.9
5,113,993,571
5,754,312,518
8.2
—
-
51,847,438
0.5
4,288,965
151,209,000
+ 24.7
29,515,770
San
36,657,120
5.5
+ 18.3
23,669,303
4,696,000
2,762,740
8,730,298
6,497,517
228,389,000
—
Galveston
Total
—21.8
3,058,122
_IV
City
Wichita Falls
24,974,750
84,103,637
Buffalo
Missouri—Kansas
Fort Worth
York—
19,530,283
Blnghamton
Elmira
95,116,956
4,722,409
8,746,777
254,856,270
6,034,632
10,434,928
Wichita
6,890,764
—
rrMsw
361,049
4,690,816
18,021,727
9.1
+ 36.1
11,279,055
Hampshire—Manchester
Kansas—Topeka
+ 34.3
+ 13.7
5,806,869
+
18.5*
23,732,000
Rhode Island—Providence
Mew
20,441,545
1.3
883,410
+ 18.5
398,344
5,973,168
109,837,082
Omaha
'
363,061
534,964
6,791,208
Lincoln
il
Maine—Bangor
City—
430,329
Hastings
+
——
—
W
48
&
COMMERCIAL
THE
(2140)
FINANCIAL
CHRONICLE
Company and Issue—
Condition Statement of Member Banks
The condition statement of weekly reporting member
System in leading cities
following principal changes for the week
ended Nov. 12: An increase of $181,000,000 in commer¬
hanks of the
shows
Federal
Reserve
the
cial, industrial, and agricultural loans, decreases of $161,000,000 in holdings of Treasury certificates of indebted¬
ness and $177,000,000 in demand deposits adjusted, and
an increase of $149,000,000 in borrowings.
Commercial, industrial, and agricultural loans in¬
creased $104,000,000 in New York City, $16,000,000 in the
Cleveland District, and $10,000,000 in the Dallas District.
Unans to brokers and dealers for purchasing or carrying
{government securities increased $45,000,000, and loans to
others for the same purpose decreased $16,000,000. Loans
to banks decreased $64,000,000.
New York City and
hanks, and decreased $31,000,000 in the Chicago District.
Holdings of Treasury certificates of indebtedness de¬
creased $102,000,000
in New York City, $36,000,000 in the
Chicago District, and $23,000,000 in the Boston District,
-and increased $21,000,000 in the St. Louis District. Hold¬
ings of Treasury notes decreased $87,000,000.
Holdings
•of United States Government bonds decreased $67,000,000
in New York City and increased in nearly all districts;
at all reporting member banks there was a net increase
of $10,000,000.
Demand deposits adjusted decreased $114,000,000 in
the City of Chicago, $76,000,000 in the Boston District,
and $69,000,000 in New York City, and increased $32,000,000 in the Atlanta District.
Changes in other deposit
categories were relatively small.
Borrowings increased $46,000,000 in New York City,
$42,000,000 in the City of Chicago and $17,000,000 each
in the Richmond and Kansas City districts.
A summary of the assets and liabilities of reporting
jnember banks follows:
(In millions of dollars)
Inc. (+) or
Dec. (-—) Since
Nov. 12,
Nov. 5,
1947
1947
and
Investments—total
64.937
brokers
to
and
27
—
186
+
3,692
+
181
+
3,040
dealers
Home
1579
444
for
+
45
+
1
pur¬
Other
obligations
securities
—
551
Indiana
U. S. Government
Other
obligations
458
securities
12
Other loans
bills
certificates
+
985
64
—
+
23
+
807
indebtedness
of
notes
2,262
+
161
—
&
1st
lien
Gas
lien
&
&
ref.
ext.
Federal Reserve
—
34
768
222
New Orleans,
domestic
New
York
1st
Collateral
bonds,
trust
Dividends
first
interbank
and
U.
S.
which
Any time
$2004
1
*
1916
Dec
+
98
+
66
+
81
+
51
177
+
1,193
1
+
646
—
+
12
—
2,551
3
+
—
100
17
+
1
149
+
78
except
Then
Name of
$Vol.
J Vol.
165.
called
under
Which the details
this
for
provisions.
NOTICES
American
Date
General
Corp., common stock
Buildings Co., 1st mtge. bds.,
Sugar Co., preferred stock
Curtiss-Wright
National Union
Corp.,
class
A
Page
Dec
1
stock
1469
1
1990
Dec
due
31
1960_Dec
1
1991
Dec
Terminal
Caribbean
3
*
trust
bonds,
ser.
A,
due
1954
Dec
22
*
3%-6 9c
bonds,
series
A,
due
2030_Dec
15
1996
12-12
11-28
12-11
12-
12-20
12-10
Aluminum
Co.
(year-end)
Goods
Mfg. Co.
11-26
11-26
Extra
75c
1-31
1-14
100%
12-10
11-24
30c
12-15
12-
Aluminum
One
Industries
additional
Page
preferred
Beverage
20c
prior
Car
Co.
&
Casualty
Quarterly
Co.
&
Colortype
Export
Fork
Stamping
Stores
preferred
prior
preferred
Power
Gas
&
*
due
1966—Dec
Bpalding
Beau
1
1997
Beech
Trust
Co.
Furniture
Y.)
(quar.)
notes
Brummell
Creek
Ties,
1894
Berghoff
Brewing
Bingham
Herbrand
Nov 24
1792
1259
convertible
debentures,
due
1948
31
Aircraft
Corp.
Dec
1
1835
1-
2
12-16
Davison
12-
Day
2
12-
2
1
Oil
&
Class
Dewey
&
12-15
Ami
Co., class A
B
12-
1
12-
of
(s-a)
Extra
Scryraser Co
Manufacturing Co.
(year-end)
$1.50
11-25
11-28*
11-14
11-29
12-15
12-
2^c
12-31
12-18
12-
1
Inc.—
A
(quar.)
12 Vic
1
(quar.)
quar,)
12-10)
10c
(increased quar.)
12-22
12-
2
lc
(quar.)
class A
12-15
12-
1.
12-15
12-
1
(increased
quar.)
Co.
1-
2
11-29
1- .2
11-29
25c
1
Oil
50c
30c
15c
(quar.)
Almy
1-
2
1-
2
11-23
12-15
11-29
11-29)
25c
Cement
Corp.
(Walt)
(E.
prefened
Ltd.
(accum.)
(ordinary)
$3.50
East
Coast
I.)
1-
2
12-13
12-24
11-24
12-15
12-10
12-
J.
75c
12-12
12-
1
$2
12-13
11-24
$1.12Va
1-24
87V2c
;
1-24
11-29
de Nemours & Co.:—
(quar.)
Public
Inc., 4 Vz %
pfd.
(quar.),
1-
9
1-
9
$1.12Vi
1-
12-30
12-
$1.75
12-
l
11-12
$1.50
12-
1
11-12
1
12-16
Service—
liquidating
stock
dividend
shares of $10 par common East
Electric Co. for each share held).
East St.
1
15c
Co.
Bradstreet,
First
11-28
Ji5c
Company
preferred
&
12-
12-15
7V2%
(year-end)
preferred (quar.)
$4.50
11-24
12-10
12Vic
37Vic
(interim)
(quar.)
Common
Dun
11-29
12-10
Productions, Inc.—
convertible
Pont
,
12-15
15c
(quar.)
(quar.)
11-29
35c
(quar.)
Co
12-15
50c
Chemical
12-20
12-15
12-13
12-19
12-30
$1
1
11-20
1
2
25c
11-18
1
12-
12-
1-
5
1
12-
12-15
25c
12-
12-
12-29
$2.50
(year-end)
Foundry
12-15
2
11-28
3
Driver-Harris
12-
12-10
11-14
12-15
1-
1
11-18
12-31
11-25
11-15
Iron
Stores
6%
25c
12-15
1
12-
1
12-15
12-
12-19
12-16
11-29
2
35c
Dobeckmun
12-
6
1-
1
(increased
11-29
$2
1-
12-
12-26
America-
J$1
$1.25
Corp.-Seagrams
15c
of
interest
12-15
12-15
Co.,
50c
Trust
3
2
25c
50c
(extra)
beneficial
12-
1-
I
(quar.)
Distillers
2
11-2(1
12-15
11-28
Distillers
12-
11-20
1
1-31
5
12-16
1
12-
10c
11-29
$1
11-20
12-
11-28
$1
(extra)
12-12
1
12-31
12-26
1
2
25c
Corp.
40c
12-
112-
25c
50c
12-20
1
12-
Extra
12Vic
12-20
12-
12-10
(Kansas)
Co.
B
Co
12-30
11-28
11-15
Portland
12-15
12-12
12-15
1
Alkali
12-30
11-28
12-12
Diamond
$1.50
5
12-12
11-20
12Vic
12-
(accum.)
Extra
Devonian
Inc
(quar.)
11-15
62'/2c
Extra
Disney
pfd.
1
11-29
30c
Raynolds,
1
(quar.)
12-
lc
12-
preferred
1
12-11
(quar.)
Mortgage & Realty
12-16
(quar.)_
12-
12-
Extra
Diana
common
12-11
12-10
(quar.)
Properties
Gray
Detroit
Diamond
Corp.,
8
$1.3216
Inc.
Fund,
Monte
Detroit
au
12-
20c
preferred
Mines, Inc.
1
(year-end)
8
12-15
America—
Inc.
Chemical
12-
(year-end)
8
12-
25c
Extra
12-
2
11-26
12-
12-15
$2.50
(extra)
11-28
1-
12-15
12-15
(initial)
Cutler-Hammer,
11-20
(increased quar.)___
1
62Vic
(quar.)
Del
of
of
12-15
15c
Bond Investment
Boss
12-16
12-16
Corp.
convertible
Borne
12-16
2
1-
11-26
35c
12-10
2
12-10
12-
11-26
12-15
75c
preferred
Industries,
convertible
2
1-
1-2
11-12
75c
(year-end)
(quar.).,
Inc.
(Helena)
11-28
Extra
1989
Press,
1-
2
1
12-13
12-15
$1.25
40c
1
1936—Dec
Cuneo
1-
1-
(quar.)
common
preferred
Co.
10c
Extra
units
Steel
preferred
37'/2c
Railroad
Dec
1350
5%
12-10
12-
Corp.—
convertible
Crucible
$1.50
2
(annual)..
(quar.)
preferred
25c
(quar.)
(quar.)
Packing Co.
Bell
Page
1-8
1-
11-12
Light & Power Co.
Corp
Petroleum
50c
Inc.
1894
1
12-11
2
1-20
1
12-
1
90c
preferred
Corp.,
Co.
convertible
Cosden
50c
Cigars,
1
Jan
2
2-
45c
(quar.)
Industries
Dec
Date
conv.
Light Corp.—
Serial class A stock, optional dividend ser. of
American Department Stores Corp. of Pa.—
2-
$1
(N.
1894
Power &
10c
40c
1
12-12
12-
$1
(quar.)
$2.50
$1.25
$1.75
Birmingham Water Works, 6%
Company and Issue—
Co.,
1*
Derby
(quar.)
12-
12-10
12-30*
11-28
11-28
12-12
12-31
12-
Devoe
11-28
12-19
Securities,
(quar.)
1-15
12-15
(year-end)
Standard
Rendering Co.
12-15
50c
12-19
25c
(year-end)
Copperweld Steel Co., common (quar.)
5%
1
12-20
—
Bay Lumber Co.
5%
2
ap¬
(quar.)
Power
Grocers
$1
23c
11-24
1-
12-15
1"
5
12-15
12-10
12-
12-
$37.60
2
12-15
11-24
11-29
12-
1-
Steel
11-23
12-19
12-15
12Vic
Oil
1
(Phila.)
Utilities
Continental
11-28
common
&
Gas
Continental
12-
11-28
2
Coos
12-12
12-19
2
1*
12-20
8
1-8
11-28
1-
12-15
$1
12-
1-
12-
40c
2
$1
1-15
$1.12V2
1-
2-1
12-19
$1.12V2
12-15
12-29
(quar,)__
11-20
(quar.)
$2.25
$1.47
pfd.
12-18
1
(quar.)
$1.50
(accum.)
4,/2%
1
12-24
12-
C
Consumers
Del
RR
$1.50
1
preferred
preferred
11-28
Hydro-Electric,
Class
5%
12-29
shares
1
Bon
preferred
$1.26
Point
Dec
ENTIRE ISSUE CALLED
Consolidated
5
12-
12 Vic
iquar.)
non-cum.
Consolidated
12-26
12-10
12-15
$1
Co.
Common
Delaware
Extra
5%
12-12
45c
Extra
1894
12-31
Telegraph—
Refractories, Inc.
1790
1
(quar.)
12-
12-20
53 Vsc
Subject to SEC
Diversified
$2.50
59%c
(quar.)
12-15
75c
50c
(year-end)
Stamping
Consolidated Gas Electric
25c
(quar.)
Dec
debentures
(quar.)
preferred (quar.)
preferred (quar.)
1
Ltd.,
4 Vz%
11-29
75c
30c
Title
Light
12-10
12-15
&
Publications
12-20
Los Andes—
Beech-Nut
mtge. bonds, 4Vfe% series, due 1950—
1st mtge. bonds, series B, 4 Vi%, due 1950—
1st mtge. bonds, series C, 4V2%, due 1950
Poli-New England Theatres, Inc.—
1st mortgage bonds, due 1953
Co.
Light Co.,
West
Corp.
1892
Nast
(Bait.),
11-29
12-20
$1
11-28
12-15
2
$3
12-31
25c
1
1-
25c
iquar.)
preferred
(accum.)
preferred
1st preferred
1
6%
(quar.)
(quar.)
preferred
Telephone &
15
Inc.,
common
2
12-
$ 1.12Va
$1.25
(year-end)
com.
Extra
4'!<,
25c
Associated
Mading Drug Stores Co., 5 % debentures, due 1961
Dec
Metropolitan Ice Co., 7% 1st mtge. bonds, due 1954___Jan
Midi RR. Co., 4% bonds, foreign series, due 1960
Dec
110 So. Pennsylvania Ave. Corp., 1st mtge. 6% inc. bds. Dec
Co..
(quar.)
12-
12-17
$1.12'/2
proval.
Common
12-2
12-15
12-12
25c
25c
(quar.)
(accum.)
Commonwealth
1-15
2
11-24
15c
Southern Corp.—
&
preferred
1-2
1-
11-29
50c
(quar.)
12-13
5
Co.
Shearing
$ 1.12*/2
12-
11-24
11-24
$1.25
preferred
4 Vi %
Commonwealth
Consolidated
2
12-12
11-29
$1.25
(quar.)
common
common
Connecticut
1-
12-12
20c
Company,
1
5
1
$1.50
(quar.)
(quar.)
Quarries
1
5
1
1-
11-29
20c
(quar.)
common
Graphite Bronze,
preferred (quar.)
12-
12-
1-
1
50c
quar.)
(quar.)
Cleveland
Curtis
Investment
Bassett
Paper
(quar.)
Co.
Iron,
preferred
12-
Co.—
convertible
Basic
American Cities
(quar.!__
common
Class B
1683
4 V2 %
2
12-
11-29
25c
2
2
11-29
12-10
$1.75
(quar.)
Cliffs
1-
2
12-10
2
$1
preferred
1-
1-
10-
12-
12-31
inter¬
(year-end)_
com.
(resumed
$1.75
Telegraph
Inc.,
$6 convertible prior preferred
Armstrong Rubber Co., class A
1579
5%
Conde
$1.25
&
beneficial
Year-end
Consolidated
Co
Co.,
of
Co.,
Co.,
1
1-
10-15
75c
Co
12-
35c
12-15
87 Vic
(quar.)
Controller
2
Co.—
2
1-15
25c
1-
5c
&
1
(quar.)
(quar.)
Castle
25c
$1.75
prior
convertible
29
& Bros.,
(quar.)
(quar.)
American Zinc Lead & Smelting,
1
2
1-
12-12
Trust—
ctfs.
Equipment
2
12-
5
$1.75
Co.
New
90c
preferred
Bayuk
12-
5
12-
50c
District
Clark
4%
(quar.)
convertible
Bankers
(quar.),,
common
preferred
A
$2
Banco de
preferred
Ry.,
Clark
12-10
12-15
12-
2
10c
common
Water, 6% pfd.
City Water Co. of Chattanooga—
5%
preferred (quar.)
$6
12-15
12-15
2
1-
$1
$1.25
Extra
Dec
of
Coleman
35c
Surety
1st
new
Year-end
City
11-20
1
l
1-
80c
(quar.)
Stamping
75c
(quar.),
(quar.)
Refining
Telephone
Nov
Service
Auto
1
12-15
1-
t62V2C
$40c
Year-end
City
12-
50c
pref.
(year-end)
Co.
Sugar
43/4%
6%
Securities
Cleveland
Lines, Ltd.—
Woolen
1888
G.)
Inc
4Vz%
(quar.)
Steamship
American
1
Cities
11-20
12-
11-24
$37c
America,
Ohio
preferred
7%
1
2
5
25c
87V2c
common
Hoe,
American
Armour
of
class
Christiana
12-
1-
12-
$1.75
(s-a)
com.
(initial)
12-19
30c
(quar.)
preferred
preferred
1956,—Dec
334S,
(year-end)
Ltd.,
(s-a)
Mfg.
50c
President
4%
est
1
12-31
1
11-28
15c
Quarterly
1-
12-15
12-
12-10
Chicago South Shore & South Bend RR.—
12-19
$1.50
1
12-15
50c
1
1
12-
$4
(quar.)
common
Produce
1-
4*
12-15
50c
(quar.)
convertible
12-19
$1.25
common
Lines,
&
non-cum.
7%
(A.
Cigar,
Co.
Hawaiian
7%
3:/2%
1
12-
12-15
50c
25c
(quar.)
Extra
—
(quar.)
preferred
Bangor
mtge.
Pa.)
(quar.)
$4
Chesapeake &
Cleveland
12-
11-24
12-10
(Toron¬
Corp.
(extra)
Corp.
Transit,
Commercial
(Reading,
Co.,
*
1st
Mortgage
Products,
Chesebrough
12-19
12-15
1-
1
60c
12-19
12-15
12-15
12-20
34%c
(quar.)___
Extra
Charleston
1
$1.75
Extra
1349
1st
Co.,
Chamberlin Co.
1
$4.50
1
t$1.121/a
B
& Burlap (quar.)
Foundry Co.
(resumed)
Central Illinois Light Co., 4l/a% pfd.
(quar.)
Central Illinois Securities Corp.—
$1.50 convertible preferred (accum.)
Central Steel & Wire, 6% preferred (quar.l_
1-
25c
American
1785
Pittsburgh Steel Co.—
(quar.)
class
Bag
1-
Co.—
(quar.)
10-16
15c
Central
1-
15c
Cigarette
preferred
9
due
Ltd.,
Co.
preferred
5c
(year-end)
Foundry
11-24
$45c
5c
(quar.)
preferred
American
31
stock
I.)
Food
5%
(accum.)
11-29
12-
$$2
preferred
$2.25
preferred
12-19
12-15
$5
(quar.)___
(quar.)
Plywood
(J.
12-15
Corp.—
preferred
non-cum.
7%
1
2
75c
Cascades
25c
(s-a)
convertible
6%
1-
1-
25c
(William)
25c
4%
7%
75c
1
12-15
12-15
62c
(year-end)
Carter
25c
Extra
26
preference
(quar.)
(quar.)
25c
Extra
Jan
Ry.,
(irreg.)
(quar.)
Clas B
Dec
Northern
—
held
one
com
preferred
American Bemberg Corp., common
American
Corp., collateral trust 4s,
Gerrard (S. A.)
Co., preferred stock
Hanna (M. A.) Co., $4.25 preferred stock
dividend)
for each
convertible
6%
Nov
&
(stock
share
Amalgamated Leather Cos.,
Atlas
Date
Coal
1
12-15
Cooper-Bessemer
prior
1
12-15
1st mtge. 5 %
deb. stock and bonds due 1959
Consolidated Grocers Corp., 3 Vz % debentures
$3
12-18
25c
Atlanta
Company and Issue—
Algoma Central Terminals. Ltd.—
Corp.,
(irreg.)
1-10
40c
Atlanta
PARTIAL REDEMPTION
pfd.
com.
City Products
Corp., 4% preferred
Holdert
$1
Inc.-
(Louis)
$6
Philadelphia Transportation Co.—
mortgage
When
Payable of Rec.
tile
75c
prefened
Co.,
Permanent
Preferred
$1
(year-end)
Associated
Mortgage Corp.—
20-year collateral
Corp.
Extra
Company and Issue—
convertible
11-20
6
$1.75
common
preferred
11-20
1
1-
$1
$2.50
Cement
Co.,
Bread
Chicago
are:
25c
Mills,
Allis
Arkansas-Missouri
OF TENDER
5V2%
Central
11-28
$5
given in the "Chronicle."
Forge
(quar.)
(quar.)
Portland
1
12-
$1.25
Timber
&
Co.
preferred
7%
12-
American
redemption,
fund
Pacific
♦5 %
week
'Year-end
sinking
California
California
-
12-
Ltd.—
(irreg.)
Utilities,
Case
7
15C
Extra
12-15
5%
number gives the location in
page
995
12-22
7'r
were
1
25c
American
The date indicates the redemption or last date for mak¬
ing tenders, and the
1260
80c
American
called
stocks
common
1792
164.
share
Corporation
American
and
including those
1
1-
11-25
11-25
50c
receipts
Carrier
2
2-25
12-15
12-15
$0,053
(Holding),
deposit
Power,
Capital
Allegheny-Ludlum Steel Corp. (year-end)
Allen Industries, Inc., new com. (initial)
American
preferred
preferred
Ink
1894
Dec
50c
American
bonds, notes,
7%
Wireless
4Vz %
(quar.)
American
list of corporate
Co.,
Land
1
1968
1
28'/8c
Electric
due
Company
American
a
(quar.)
California
1996
Jan
announced
3',2 '<
Notices
&
1
11-28
12-
ioc
(quar.)
American
Canada
we
Addressograph-Multigraph
accounts,
Redemption Calls and Sinking Fund
common
Water
debs, due 1959_Jan
11-28
12-15
8%
Extra
dividends
Cyanamid
Special
17,997
(year-end)
(quar.)
Mfg. Co.,
Canada
and 5s,
issue.
American
during week
receipts
Iron
G.)
Company (resumed)
Burrard Dry Dock, Ltd., class A
(quar.)
Bush Terminal Buildings, 7%
pfd. (accum.)
Camden
declared.
American
+
&
preferred
4Vi%
1687
11-21
12-15
20c
Brunner
$2004
$2004
1
12-23
Ltd.—
deposit
(E.
5%
dated
Co., 6V2 %
1960,
this
Ce.anece,
American
Calaveras
follow with a second table in
show the dividends previously announced, but
we
American
14.532
Below will be found
1995
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are
given
under the company name in our "General
Corporation
and Investment News Department" in the week when
425
47.275
Govt,
20
are
current week.
+
—
4%-6%
Dec
grouped in two separate tables. In the
bring together all the dividends announced the
we
249
2,483
accounts
1790
DIVIDENDS
—
426
deposit
1891
31
11-21
12-
$1.25
Brooke
Cable
1
Dec
1
25c
(quar.)
Extra
Butler
Holdert
12-
$1.75
Extra
4 V2 %
1.374
W.
1967—Jan
5s, due 1953
in
Co
Briggs & Stratton Corp.
1891
When
Payable of Reo.
50c
$2
Wharf
Catelli
289
Foreign banks
Borrowings
P.
due
1
Light, Heat & Power Co.—
bonds, due 1948
Anytime
due
(quar.)
Extra
Boston
to)
•Announcement
+
—
A.
Jan
Puget Sound Pulp & Timber Co., 6% preferred stock—Jan
Theatre Properties (Hamilton), Ltd., 1st mortgage 5s__-Jan
Welsbach Engineering & Management Corp.—
11
1,186
Piedmont
bonds, due 1967
Electric
mortgage 5V2S,
—
10,002
demand
1356
Peoples Gas Co.—
1st
share
Trust
California
American Refractories
North
401
Interbank demand deposits:
Domestic banks
to
1>
Dec
mortgage 5s, due 1948—_—
5%
mortgage
+
deposits
Horn
bds., ser. A, due 1951
Co.—
income
Estate
Bullard
Co.—
Gas
&
Gas
American
Government
1890
Texas & Mexico Ry.—
American Book
U.
1
Purchase money 4% bonds, due 1949
Any time
Niagara Falls Hotel Corp., 4V2% mtge. bonds due 1950—Jan
1
10
banks
Time
1890
Feb
1963
1
Co.—
6%
Company
Real
British
*
Jan
Lines, Inc., $2.50 preferred stock
Non-cumulative
12,180
Banks
deposits adjusted
deposits, except Govt
Elk
1950
bonds, ser. A, B and C,
mtge.
Amsterdam
+
2,601
Liabilities-
Coxrsol.
due
Vernon-Woodberry Mills, Inc.—
20-year 4% debentures, due 1966
3,077
872
with
15
Mount
New
4,223
Demand
Bush
series A,
50-year 5%
mtge.
Moore-McCormack
—
Cash in vault
Debits
Dec
Boston
Extra
bonds, due
5%
Electric
Terminal
gen.
&
mtge.
&
collat.
Jacksonville
87
•Other securities
S.
ref.
&
Interstate
Ref.
preferred stock
Corp.—
mtge. 5% bonds,
ref.
—
31,002
with
—
90
+
3,763
bonds
Balances
9
16
—
3,348
Treasury
Treasury
Reserve
+
182
Treasury
16
+
3,347
Loans to banks
537
—
486
ileal estate loans
S.
Co.,' 6%
1951
1st
Service
1st
1st
3¥2%
Extra
+
Other loans for purchasing or carrying:
V.
Co.,
Light
(Joseph)
Allied
Government
1886
1354
Admiral
agricultural
chasing or carrying:
S.
1885
1
12143
1,074
+
463
and
+
14,152
Industrial,
loans
1
Dec
1946
22,880
Commercial
U.
1st mtge. 5s. due
1885
Anytime
The
Nov. 13,
Co.,
1
Jan
1951
Per
lioans—total
Loans
Power
Jan
mtge. bonds, due 1965_Dec
1
Eastern Minnesota
Power Corp.,
5V2% 1st mtge. bds._Dec 18
Follansbee Steel Corp., V/z%
income conv. debentures-Dec 31
1st
Per
Name of
mtge.
Electric &
Duquesne
Juliets—
(Loans
ref.
&
5% bonds, due 1957—
1st mtge. 5 %
bonds, due 1960
Buffalo Niagara Electric Corp., 2 V* % debs., due
Butte
Monday, November 24, 1947
Page
City Gas Co.—
lien
1st
1st consolidated
of Treasury bills increased $101,000,000 in
$90,000,000 at all reporting member
Holdings
Atlantic
Date
(three
Coast
1
Louis & Interurban Water Co.—
7%
preferred
(quar.)
6%
preferred
(quar.)
,
Volume 166
Number 4649
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
2141)
4*
"v
Per
„
*
Name of Company
i'
Eastern Gas
*(4%;
&
Fuel
Share
6%
Holdere
prior
$1.12(4
i-1
$1.25
12-26
12-15
$1
no
preferred
$1.50
12-15
Joslyn Mfg. & Supply, common
4(4 % preferred (s-a)
Kellogg Company (quar.)
25c
1-
2
12-20
Kelvinator
1-
2
12-20
12-15
preferred A (resumed)
$6 preferred B
(resumed)
Eastman Kodak Co., common
1-
2
12-
1-
2
12-
Kerr-Addison
55c
1-
2
12-
1-
2
12-
Keyes Fibre Co., $6 preferred (accum.)
Keystone Steel & Wire (quar.)
4(4%
(year-end).
Class B
(year-end)
Eaton Paper Corp., common
6%
prior
preferred
25c
12-
8
11-28
$1
1-
2
12-15
1-
2
12-15
(Texas),
preferred
(quar.)__
com.
Co.
Capwell
Coach
Co.
11-29
Lamston
2
12-20
New
12-15
11-24
1-
2
12-10
Lanett
12-
1
11-25
Co.__
12-15
12-17
12-
5
12-
5
50c
(quar.)
Pennsylvania
$1
State
12-17
1-
2
12-15
12-19
12-
1
tax
8714c
(Syracuse,
Federal
Mining & Smelting
Federal
Water
&
Common
(year-end)
Gas
Feltman & Curme
Shoe
Stores
11-29
12-18
12-
2
12-20
12-
1
12-15
12-
1
12-31
12-
1
12-31
12-
1
Co.—
(quar.)
preferred
12-10
$1.25
Y.)
N.
15c
30c
Co.
(quar.)
62 (4 c
Fitzsimmons Stores, Ltd.—
participating
Fruit
non-cum.
Mills
of
class
A
t20c
(quar.)
participating class B (quar.)
non-cum.
Fuhrmann
&
preferred
Schmidt
$1.25
12-15
$1
1-10
12-15
12-10
11-25
1-
1
30C
12-15
12-
1
12-
1
11-13
Container
12-
1
2
12-
1
Gemmer
Mfg.
Co.,
class
participating
B
(year-end.)
A
1
Mathews
12-
1
Mathieson
37 (4c
12-15
12-
3
12-15
12-
3
12-10
11-29
75C
25c
Cigar
Co
25c
Fireproofing
preferred
General
Co.,
(quar.)
Plywood
(quar.)
Gillette
Brick
&
Tile
(quar.i
Safety Razor,
1
11-26
1-
2
12-17
common
12-15
12-
1
12-15
12-
1
12-16
12-
12-10
12-
1
12-10
12-
1
12-30
12-16
12-20
12-10
62 (4 c
(quar.)
<B.
F.)
Co.,
common
1-23
12-22
1-
5
12-22
$1.25
(quar.)
2-
2
1-
2
$1
12-12
12-31
12-12
12-
11-24
20c
1
West
Saddlery Co., Ltd.—
1st
preferred (quar.)
2nd preferred (quar.)
6'/€■
6%
Great
Western
7%
Sugar,
preferred
common
f75c
Insurance
Co.
preferred
Hearn
Corporation
Title
Inc.
preferred
shares
Hoi'der's,
12-15
12-
5
12-15
11-29
50c
12-20
12-10
12-20
12-10
12-20
(One
each
(year-end)
Huntington Water,
preferred
7%
for
preferred
(quar.)
(quar.)
Acceptance Corp.,
class
non-cum.
A
8
New
12-20
12-
50c
12-29
12-12
12-15
12-
$1:75
common.
Refrigerator Co. (extra)
Food Products (year-end)
Industrial
A
12-
1
11-12
12-
1
40c
$1
2
quar.)___
Co.
preferred
Industrial
(quar.)
Corp. (increased quar.i
Silica, 6(4 % preferred (accum.)
6(4%
preferred
(quar.)
6(4%
preferred
(accum.)
International Bronze- Powders, Ltd.—
participating preferred
International
Common
Metal
class
A
_
11-12
New
12-
1
Newport
(quar.)
Industries,
12-15
12-
1
&
Common
preferred
Interstate
Selective
(John)
Island
Mountain
Public
(quar.)
(quar.)
(interim)
Fund
Service,
pfd.
Ltd.
6%.
Co.,
preferred
preference
5%
Brown
Stores,
Johns-Manville
1
3-10
3-
1
12-
5
2
$2
convertible
6%
preferred
North
new
12-26
12-15
10c
(initial).
Ltd.
(quar.)
5%
Ohio
States
11-28
2
11-28
1-
2
11-28
1-
2
11-28
1-
2
11-28
51c
55c
12-15
12-11
12-
12-
5
1
1-
2
1
preferred
Confection
Preferred
(increased)
1-
2
12-
22-
Oxford
12-31
12-10
12-15
12-
1
12-15
12-
1
1-
2
1-
2
Pacific
12-
1
$1.50
2
12-22
11-29
'+$1.75
25c
25c
1- 2
12-10
12-10
12- 9
11-29
11-29
$50c
12-15
11-28
75c
25c
$1.37
25c
12- 1
12-15
1- 2
12-15
11-24
12- 1
12-15
12 (4c
$1
25c
12-15
12-31
12-29
12- 5
12- 5
12-15
12-18
62(4c
1- 2
12-19
20c
55c
12-31
12"31
12-19
12"10
1-
2
Publishing Corp.—
preferred
(increased)
Manufacturing
Bend
Electric
Carolina
preferred
preferred
1
$6
A
11-12
2-2
1-2
12-15
12-12
12- I
11-2®
12-20
12-19
12-15
12- 5
Co.,
com.
<quar.)_
1- 2
12-15
20c
12- 1
11-25
12- 1
12- 1
12-20
12-15
12-20
(quar.)
11-25
11-25
Co.
(quar.)
(Illinois)
Standard
Milling
Co.
Oil
of Kentucky
25c
35c
1
11-20
.
12-15
12-
12-15
12-
1
$5
12-10
11-19
12-
11-15
5614c
$25c
1
2-15
:
(resumed)
11-
10c
12-
1
11-20
35c
(quar.)
11-15
12-
1
11-20
37(4c
12-
1
11-20
12-15
12-15
12- 2
12-15
30c
25c
12-15
12-10
12- 5
11-29
$1
com.
(initial)
12-15
12-
1
1-15
1-
2
50c
12-23
12-12
2
12-15
37 (4c
1-
Stix
&
Baer
Stone
Fuller
Webster
&
Co.
(quar.)
(year-end)
12-15
12- 1
•
Class
A
Sutherland
25c
(quar.)
(quar.)
participating preferred
(quar.)
iquar.)_
Paper Co.
Extra
Swift
&
Talcott
Co.
(quar.)
(James),
preferred
1- 2
11-20
12-18
$20c
50c
12- 1
12-15
11-19
11-28
12-15
11-2$
1- 1
common
(quar.)
(quar.)
12- 1
15c
12-31
12-15
25c
Inc.,
Extra
4(4%
11-28
40c
Corp.
$1.25
2^
Furniture
Storkline
Strawbridge & Clothier, $5 pfd.
Stuart (D. A.)
Oil Co., Ltd.—
1
20c
Equipment Mfg
Products (quar.)
Extra
1-15
30c
Railway
Aluminum
Sterling
1-15
2-15
25c
A
Standard
1
11-28
12-10
11-29
11-29
11-20
12-5
25c
35c
(quar.)
Extra
12-
12-10
1- 1
20c
25c
25c
10c
20c
(quar.)
(quar.)
Standard
Co.
1-15
& Electric—
Investment
Electric
Sprague
12- 1*
12- 1
$1.25
Service
preferred
(quar.)
5% convertible preferred
Sovereign Investors, Inc
11-25
11-25
12-22
12-15
$1.50
(quar.)
$1
11-25
2- 1
$1
17(4c
$1.06(4
$1
20c
(increased quar.)
Gas
Gas
preferred
$1.20
com.
Electric
5%
Co.—
(quar.)
Co. (year-end)
(initial)
Natural
preferred
Electric
(quar.)
Gas,
preferred
Royalty
Southwestern
12-19
12-20
(s-a)_
(quar.)—
(quar.)
Pacific Co.
Southwestern
11-29
2
com.
Paper
&
Gas
Indiana
4(4%
12-19
1-
Gas,
&
(quar.)
Bag &
Advance
Southwest
11-29
12-
(extra)
Works
Lathe
Southwestern
1
(quar.i
Co., common (resumed)
preferred (quar.)
Southland
12-19
12-20
1-
preferred (quar.i...
5%
convertible
Southern
11-28
12-20
(quar.)
(quar.)
Southern Union
11-28
12-10
2
class A
B
Ltd.,
12- 2
12- 2
12-15
12-15
Ltd.—
Canada,
of
(quar.)
Southern
11-28
12-10
(quar.)—
Extra
11-27
12-10
50c
common
(quar.)
Co.
Royalties,
5%
11-27
1-
preferred
Southern
'
25c
preferred
South
8
2
(quar.)
Co.
G.)
-
4.8%
12-
1-
$$1.75
class
common
(quar.)
12-31
12-10
(Frank
Extra
12-15
10c
(irreg.)
preference
593/bC
60c
Soss
11-14
1-
$1.25
common
Investors,
25c
common
(quar.)
A
Refrigerator
5(4%
—
1
American
1^-18
12-22
12-22
1-2
Acceptance Corp.,
preferred A
Sorg Paper
12-12
70c
Co._
common
1-7
25c
$3
12-22
75c
(quar.)
Paper Co.,
Common
12-11
12-18
12-18
5%
RR.,
Simmons-Boardman
5
50c
B'Gosh, Inc.,
1-2
1- 2
Class
5
2-15
$3.1134
Service
Holding
Ohrbach's, Inc., $2.25 pfd. A (quar.)__
Ontario Steel Products, Ltd., common (quar.)
preferred
20c
31 (4c
20c
Co..
Co
Line
preferred
Silknit,
Corp.—
(quar.)
Extra
12- 5
11-25
Signal
1
2-15
50c
(quar.)
Ohio
$1.50
12-15
12-12
1- 2
7%
12-15
25c
(quar.),
(quar.)
Co.,
25c
60c
$2.50
Lace
Air
4%%
11-20
12-20
$50c
(Wis.)
12- 5
11-12
12-11
12- 5
Sherwin-Williams
12-15
12-
$1
Power
$1.10
25c
Shepard-Niles Crane & Hoist Corp
12-13
$25c
Ry.
Oshkosh
2
1-
l
12 (4c
Gas
1st pfd. A
Shellmar Products Corp.,
11-29
1-
11-29
11-19
11-19
Extra
11-28
12-15
12-18
12- 9
12- 9
12-12
11-28
11-24
11-29
Shattuck
11-28
12-15
25c
11-24
1- 5
12-19
1- 1
12- 2
11-28
11-25
12-16
12- 1
1- 2
12-20
Seeger
1
$3.40
7%
preferred
(quar.)
Oregon Portland Cement,
xl(4%
(year-end)
Pacific
11-28
xl(4%
pref.
Oklahoma
11-28
1-
12-15
12-
12-18
12-12
12- 5
1- 2
12-15
12-10
12-10
$4
$1.50
5%
1
12-15
12- 9
12-19*
12-19*
1- 1
25c
Securities
11-28
75c
11-14
$25c
12-
12-15
12(4c
12-15
x$1.75
12-15
(increased)
-
Seaboard
1
45c
Class B
12-22
xl 34 %
12-
93%c
(accum.)
11-26
_
11-28
$2.50
Rayon, class A
$3c
(quar.)_
11-28
2
12** 2f
1- 1
12-31
Paper Co. (year-end)
Joseph Water Co., 6% pfd. (quar.)
South
(accum.)
preferred
American
Northern
1-15
2
1-
(quar.)
Croix
Scranton
:
preferred
Northern
1-15
1-
(quar.)
common
Products
Steel
Schwitzer-Cummins
11-28
12-18
12-22
$1
Inc.,
Regis Paper Co., 4.40%
San-Nap-Pak Mfg. Co...
11-28
1- 2
11-21
12-10
12- 2
_
St.
11-28
$25c
2
12-15
1- 2
12-22
12- 3*
12- 1
St.
11-25
1-
12- 1
11-28
11-21
10c
25c
$1.25
20c
Co
preferred
$5
12-15
12-15
12-15
$50c
25c
37(4c
(quar.).
(quar.)
Co.
H.)
Extra
1
1- 2
(H.
Mfg.
Safeway
1
$1
(s-a)
American Investment
Northern
12-15
1212-
50c
12-12
12-27
2
2
53(40
Extra
12-12
$1.20
1-
$1.50
Corp., common
11-24
2*
1
9
1-
(interim).
Extra
Rockwell
RR.—
Corp., class B
American Car
12-15
5*
12-
Co
Mills, Ltd., class B
Safeway Stores,
12-15
12-
12-15
$1.25
12-30
12-
2
47(4c
(quar.)
Year-end
12-30
12-
8
1-
1
1
$55(4c
50c
quar.)
37(4c
com.
(quar.)
Louis
Niagara Wire Weaving Co.,
Special
$i
12-16
12-
12-19
12-
11-26
12-
30c
Northern Illinois Corp
Extra
12-15
2
50c
(quar.)
quar.)
(increased)
RR.
(qvfar.)_
(quar.)
Inc.,
12-
50c
preference C (quar.)>_
preference D (quar.)
B
12-10
1-
1-
10c
(interim)_
pfd.
Ltd.
Ltd.,
7%
7%
A
North
$35c
(year-end)
Shoe Corp.,
Mines
1
5
12-12
25c
(quar.)
(quar.)
Nineteen Hundred
12-
$1.25
$4.80
Stores
Foundation,
Irving
1
11-25
12-10
$1.25
(irreg.)
Corp.,
Department
Investment
12-
12-12
16c
12-
12-16
$2
(quar.)
Roberts
Robertson
12-12
12-12
lc
$$
$$1
(resumed)...
Co.
Silk
11-25
1- 2
1- 2
1- 2
12-15
25c
(quar.)
$2 participating class A preferred
& Mander Corp. (irreg.)
12-15
12-22
$1
(accum.)
$i
(accum.)
Bakeries
12-31
75c
12-15
2
$2
(quar.)
(Hartford)
St.
40c
:
(quar.)
International Paper Co., $4 pfd. (quar.)
International Railways of Central America—
International Salt Co.
1
$$1.12(4
(quar.)
4% .preferred
1
12-
5(4%
4(4% preferred (quar.)
International Minerals & Chemicals—
Common
1
12-
2
1-
1-15
Oil
Richardson
Riverside
12-15
$1.50
75c
$1.37(4
-
Ranch
Rice
1-31
12-16
Newport News Shipbuilding & Dry Dock—
12-
1-15
2
15c
(increased
12-31
l-
1-
40c
Co
preferred
12-31
$40c
2-16
(s-a)
Reynolds Metals Co., common
5(4% convertible preferred
11-28
Corp.—
12-31
$37(4c
1
t$1.75
preferred
(initial)
Harlem
Electric
f50c
Ltd.—
12-
t$1.75
4(4%
Auction
York
North
(quar.)
—
Co
Chicago &
16c
___
5
12-15
$lc
-
Telephone & Telegraph
16c
(quar.)
Rayon
Industrial
12-
Inc.
prior preferred A
6%
12- 1
12- 1
11-25
50c
25c
25c
Co.
Extra
1
$1
(increased
Co.,
$$1.06(4
$$1.25
:
(interim)
(Detroit)
Refining
J12(4c
preferred
12-
10c
Insurance
preferred A
334%
Extra
5
Stores,
Co.,
Republic Pictures Corp., $1 conv. pfd. (quar.)
Republic Steel Corp., common (quar.)
12-11
12-
10c
York
York
6%.
12-31
25c
30c
$25c
$$1.12(4
(quar.)
common
Reliance
12-11
12-15
5%
$$1
50c
Ltd., 4% pfd. (quar.)..
(Phila.)
(s-a)
Insurance
St.
Extra
12-15
Ltd.—
(increased
Tea
England
New
2
Grain
11-28
12-15
1- 2
20
held)
shares
12-11
1-
(One
Reliance
11-2$
11-28
12-15
$1.25
$1.75
25c
5c
(quar.)—
(cash dividend)
share
for each
(irreg.)
Reliance
12-15
12-15
40c
dividend
11-28
12-15
15c
(quar.)
(quar.)
preferred
(quar.)
preferred (quar.)
Reeves Brothers, Inc. (quar.)
Stock
11-28
12-20
1-15
Inc.—
Industries,
Regal Shoe Co.
12-15
25c
$1
(quar.).
com.
Extra
11-28
2
11-21
12- 5
$1.18%
50c
J.,
5%
11-26
6
1-
20c
(quar.)
preferred
3.8%
$1.50
vtc
5
12-
—-
12- 1
12-15
50c
N.
7%
12-20
12-
12(4c
Lines, Inc., common (quar.)__
preferred
New
11-26
5
25c
National
5
11-20
12-
62(4c
(quar.)
quar.)
Casualty Co.
Sugar
50c
(quar.i
_
(quar.)
Radiator
12-
12- 1
12-30
15c
(s-a)
Extra
National City
Oats
12-22
12-16
80c
pfd.
4%
(quar.)
Fire
30c
(Texas),
Namm's, Inc.
National
25%
_
11-21
2
15c
preferred (quar.)
7% preferred A (quar.)
7% preferred B (quar.)
Motorola, Inc.
(year-end)
Muncie Water Works, 8%
pfd.
Munsingwear, Inc.
(year-end)
National
1
1
1-
25c
4%
National
12-
12-
$$1.03
12-
12-22
11-21
1
Street
common
Ltd.,
12-19
four
11-14
12-
$1.75
Fifth
Porcupine Mines, Ltd.
Corp.,
12-18
$1
for
12-15
12-15
45c
35c
Hampshire
New
of
(monthly)
Pyrene Mfg. Co. (irreg.)
Raybestos-Manhattan (year-end)
Real Silk Hosiery Mills, common
3
12- 1
12-15
12-15
51
of
Corp.
preferred
$4.75
3
12-
25c
(quar.)
(quar.)
(increased
8
8
12-
12-24
62(4c
preference
National
12-24
11-25
12- 5
12- 1
$2.50
$1.25
(quar.)
Extra
3
$1.25
(quar.)_
(quar.)
12-19
1-
12-
12-31
1- 2
12-15
$35c
(quar.)
preferred
Co.
Service
Pullman, Inc.
11-28
12-24
$2
(s-a)
formerly
Co.,
12-31
75c
11-28
15c
1st pfd.
RR.,
(quar.)
(quar.)
5%
preferred
Publicker
11-28
12-10
Co.
Public Service
12-19
40c
(s-a)
25c
(irreg.i
2
12-10
15c
13%c
Extra
$4
1-
12-10
Food
6%
11-27
12-15
50c
Ltd.
Co.,
Prosperity Co.,
Public
11-28
12-18
12-31
$90c
River
Pratt
12-26
4c
(quar.)
National
share
held)
Inc.
12-10
Co.—
Co.
Jamaica
1
343sc
(quar.)
Co.
Investors
1
12-
2
10c
(quar.)
J.)
50c
(Bklyn.)
Oil
Interstate
12-
_
(quar.i
(year-endt
Sound
4(4%
12-15
12-15
<quar.)___
(year-endi
dividend
Hygrade
12-11
$1.50
common
Guaranty
Mining Co.
dividend
Hussman
11-14
$3.50
Co.,
Hoover Ball & Bearing
Houston
1
1-15
50c
(s-a)
Holophane Co.,
Homestake
Stock
12-
?25c
50c
Creamery
preferred
Cash
12-10
87(40
50c
Ixic
Extra
Home
2
1-
25c
preferred
Birmingham
Common
Moore
$1.50
20c
r
common
quar.)
Extra
Powell
—
(quar.)
5%
(initial
11-28
12-20
Co.—
Power
preferred (quar.)
& Alexander, Inc.
3.60%
1
37(4c
Co
(D.
Hosiery
Moneta
1-
Stores
preferred
11-28
12-
37(4c
common
Molybdenum Corp. of America
Monarch Knitting Co., Ltd.—
12-15
12-10
1st
Common
11-29
$1.75
Acceptance,
Electric
12-12
12-20
22(4c
45c
25c
Valley Wine
12-30
15c
(quar.)
Ltd
Development,
Powdrell
11-29
12-15
25c
(Wash., D. C.)
preferred
&
12-10
12-15
25c
Minneapolis Brewing Co. (year-end)
Mission Appliance Corp.
(quar.)
2
2
(quar.)_
12-15
12-12
$25c
10c
Bolt
&
Potomac
1*
15c
(quar.)
Co.
Screw
Pleasant
1*
12-
25c
preferred
2
1-
Co.
Stores, common
1-
12-
12-15
40c
(quar.)
preferred
1-
12-15
25c
(s-a)
(quar.)
Works,
Placer
1
25c
Machine
12-10
$1.06(4
(year-end)
Stores,
Co.
-•
4(4%
5
1-
25c
11-28
12-30
30c
dividend
Year-end
(quar.)
Corp.
Milliron's
11-28
11-27
12-
i
1st
12-
9
30c
Mercantile
12-15
12-11
12-
dividend
cash
Extra
12-23
(quar.)
Co.
convertible
5%
12-31
12-15
I
Alkali
Mercantile
Mojud
Stock
Pittsburgh
12-23
12- 1
12-12
20
-
Increased
12-10
12- 1
$2
12-17
50c
11-20
Pittsburgh Forgings Co.—
3
(quar.)
each
for
Increased
12- 1
1
12- 1
37 (4c
share
-
12-15
1-
12- 1
12-12
5%
dividend)
(one
12- 4
12-12
50%
dividend
11-12
12- 5
12- 1
12-11
12-11
Norristown
(quar.)
(cash
12- 1*
12- 1
1- 2
12-21
1- 2
1- 2
$1.50
37(40
(quar.)
12-15
$1.75
20c
25c
$1.06(4
$1.06(4
held)
3
Year-end
12-20
$l.l2(/2
Brewing
Hendry (C.J.) Co., 5(4%
7%
12-10
25c
(G.)
Hershey
2
;C40c
(quar.)
Department
1-
$12 (4c
(James) Co., 7% preferred (quar.)__
Battery Co., Ltd. (year-end)
Hazeltine
12-10
12-15
$1.75
37(4c
37 (4c
$25c
$20c
12- 1
12-31
60c
-
(quar.)
common
Co.
Stock
11-28
12-
Extra
30c
Hanley
Heilman
2
12-10
12-
Memphis Natural Gas (irreg.)
Mengel Co., common (quar.)
$1.25
(s-a)
Hamilton Bridge Co., Ltd.
(initial)
Hammermill Paper Co., common (quar.)4(4%
preferred
(quar.)__
4(4%
11-30
1-
$1.75
(quar.)
Tap & Die Corp
Corp. (year-end)
Halifax
11-30
12-26
40c
Greenfield
Grinnell
12-26
$75c
(quar.)
&
Conveyer
Medford
Mobile
12-10
$2
25c
10c
(quar.)
12-15
12- 1
12- 1.
11-21
11-28
11-28
12- 1
Pittsburgh Consolidation Coal Co.—
11-13
11-28
1
12-23
,
5%
12-
12-23
Extra
7%
12-10
11-22
25c
McKinney
Mfg.
Co.
McPhail Candy Corp.,
common
(initial)
5(4% convertible preferred (initial)
Mesta
12-10
2
12-15
12- 1
12-13
12-15
12-31
50c
Co.
Co.,
(quar.)
Year-end
11-20
prior pref.
6%
McEwen Kaiser
6%
2
1-
$2.50
$40c
15c
2 (4c
50c
(s-a)
1st
Railroad
Philco
12-23
Initial
12-12
12-31
$1.25
(quar.)
Inc.
12-31
$1
preferred
RR.,
Service
preferred
5%
$1.75
50c
1-
11-25
12- 8
„
$2
preferred
5%
preferred tquar.)
4(4% 2nd preferred (quar.)
Philadelphia
Gennantown
&
12-10
12-15
Circle
Milk
4(4%
11-25
2
Co.,
25c
Perfect
11-25
1-
2
(quar.)
Mayflower Hotel Corp.
1
10c
Year-end
Graflett,
20c
50c
preferred
Goodrich
Jim
1
12-
25c
Co
Extra
5%
12-
12-20
12-17
50c
Cement
Refrigerator (special i
Giddings & Lewis Machine Tool
5 %<
1
50c
Portland
Extra
6%
1
12-
25c
_
Gibson
5%
12-
12-20
$1.75
Corp.
Georgia-Carolina
$2
2
10c
General
6%
1-
$1
common
Extra
Howe
12-29
50c
Extra
Hart
12-22
11-25
12-12
11-30
Year-end
May
Extra
General
Mortgage
R.)
(P.
12-
1
12-24
12-15
12-12
Mfg.
Salt Mfg. (increased)—
Pennsylvania State Water Corp.—
$7 preferred (quar.)
1
$1.75
Year-end
2
1-
11-19
1-10
12- It
12- 1
12-15
1- 2
12-15
shares
Pennsylvania
12-10
25c
2
75c
tquar.i
1
12-
25c
(quar.)
Title
1-
Transportation Corp.—
12-
20c
(interim)
common
Lyon Metal Products
7%
12-15
$1.50
12-15
20
(extra)
Extra
12-12
20c
Louisville
1-
Quarterly
General
Great
preferred
40c
_
preferred
General American
Co.,
Angeles Investment Co.
j$l.37
(quar.)
2
1- 2
12-15
12-17
(extra)
Louisiana Land & Exploration—
Increased quar.
J.$1.25
Extra
$5
(P.)
25c
Gaylord
r
(quar.)__
Extra
Mallory
2
12-12
1-
11-25
Pennsylvania-Dixie Cement
Pennsylvania Engineering
12-12
50c
Lorillard
Public
1-
1-2
$1.12(4
25c
2
12(4c
(quar.)_
(initial)
com.
class B
Co.,
Central
1-
1
11-21
1-
40c
Loew's, Inc.
(quar.)__
London Hosiery Mills, Ltd.,
Class A (quar.)
Maine
$30c
preferred
(quar.)
5(4% preferred
(quar.)
1
12-
62(4c
(quar.)
(quar.)
Liberty Fabrics of N. Y. (quar.)
Liggett & Myers Tobacco, 7% pfd.
Lily Tulip Cup Corp
11-24
j 10c
Extra
12-
12-15
12- 5
Page-Hersey Tubes, Ltd. (year-end)
Park Chemical Co., common (year-end)
5%
convertible preferred (quar.)
Patterson-Sargent Co.
Pcnick & Ford, Ltd. (year-end)
11-29
12- 1
12-15
11-25
10c
dividend) —
share for each
-
Corp.
Pacolet
12-16
$1
Maine
12-12
2
12-30
50c
preferred
Year-end
Los
1-
$3c
25c
(quar.)
common
Extra
100%
15c
5%
$5
Co.,
Extra
$2.50
7%
11-20
$1
Extra
(Theodore)
& Co.—
$1.60 1st preferred... (accum.)
Gatineau Power Co., common (quar.)
7%
&
Leslie Salt Co.
11-20
Gary
$3
Bleachcry & Dye Works (quar.)
(A. C.) Leather (s-a)
Year-end
Co.—
(George A.)
Co.
(stock
dividned) —
additional share for each share held
One
11-20
1
1-15
$1.50
(s-a)
Brewing
Year-end
Fuller
1
12-
30c
Wayne Corrugated Paper Co. (year-end)
of the Loom, Inc., common
(year-end)
$3
12-
+20c
11-20
1
7(4c
15c
T
Lonergan Mig.
America
1
12-5
held)
Packer
Pet
(initial
Lexington Water Co., 7% preferred
Libby-Owens-Ford Glass (quar.)
15c
Insurance
Inc.—
quar.)
H.),
Lawrence
12-30
Erie & Pittsburgh Railroad 7%
guar, (quar.)
Payment of 80c after deduction of 7 (4c
Excelsior
(M.
common
Extra
Leath
12-
12-
75c
12-12
40c
$1.12,/a
25c
25c
(stock
additional
(One
5
40c
12-
$1.75
Emporium
Fort
(quar.)
11-29
50c
(quar.)
Year-end
5%
preferred
50c
(increased)
dividend
Empire Steel
5%
Flour
4(4%
12-15
1-
12-13
12-
35c
$1
King-Seeley,
7 %
(quar.)__+
Electrographic Corp.
5%
(quar.)
convertible 2nd preferred (quar.)
common
12-12
$1.0614
(quar.)
1-
(quar.)
r.
Mills
Pacific
11-22
12-20
50c
5% conv. preferred (quar.)___
Kinney Mfg. Co., $6 non-cum. pfd. (quar.)_
Kirby Petroleum Co.
(year-end)
2
3
12-10
$37(4c
Holder9
Payable of Ree.
share
,
Extra
1
25c
Kimberly-Clark,
4%
12-
Company
Pacific Gamble Robinson
12-1
12-15
When
Per
Name of
2
$3.50
(interim)—
37 (4c
(quar.)
common
Extra
Erie
11-28
12-
12-15
$1.12(4
Ltd.
Mines,
$6
Stores,
4(4% participating preferred
El Paso Electric Co.
$4.50
(quar.)
Gold
12 (4 c
Brothers
Stock
8
75c
(year-end)
(s-a)
12-
25c
Eddy Paper Corp
Edison
preferred
Extra
A
Holder•
$1
$1.50
(final)
9
$1
25c
Canada, Ltd. (quar.)__
Kendall Company, common (quar.)
of
$1
(quar.)
12-
25c
Corp.
$1.25
Easty Washing Machine Corp.—
When
Payable of Reo.
$2.25
-I—*.—,.
Extra
$7
Class
50c
Extra
(quar.)
common
(quar.)
preferred
(quar.)
1
Eastern States Corp.—
6%
share
Machine
25c
value,
par
Lamson
&
1-
Eastern Racing Association—
$2 par and
Per
Name of Company
Jones
preferred (quar.)
preferred (accum.)
preferred
(accum.)
6%
When
Payable of Reo.
Associates—
12-31
12-15
56(4C
1- 2
12-15
:'
j'i,
.VvV
■">
.
»
»
50
(2142)
THE COMMERCIAL
& FINANCIAL
CHRONICLE
Monday, November 24, 1947
'—
Per
.
■
i Name of
Company
(quar.)
common
75c
Extfa
Class
50c
A
(quar.)
preferred
Tennessee
(quar.)
(quar.)___
Sulphur
Roofing
9
12- 3
Stock
11-12
11-15
4%%
50c
12-15
11-28
American
12-15
11-28
Co
11-15
30c
$1.25
common
Louis)
Co.
(quar.)___
(Los Angeles)
preferred
Asbestos
&
Rubber
Union Pacific RR.
Aircraft
Co.
(extra)
Corp.
Co.,
B
class
11-19
Tobacco,
Trust
A
(N.
2
2
American
Meter
11-22
11-12
American
Metal
2
12-
1
12-
6%
12-10
2
1
12-
1
1
Class
12-
9
12-
1
12-29
12-
9
2
1-
2
preferred
12-193
American
Rolling
Mill
12-19-
American
Seating
Co.
American
(quar.)
(stock
12-18
1
1
$8.75
dividend)
300%
Corp
Winding Co.—
50c
1-
(quar.)
22%c
12-15
11-26
(s-a)
Power
&
12-15
12-
1
American
12-
11-21
American
Valley Mould
&
Iron
(year-end)
prior preferred
Valspar Corp.,
$4
Co.,
Ltd.
Corp.
System,
Class
C
Inc.
III
(s-a)
Erie
Post
a
_—
12-10
National
S0" &
tBl£S- VK prefe'rred ,s"a)
Wintei
Hirsch, Inc.,
Investment
Certificates
7%
pfd.
Apex Smelting Co.
of
..f™
4 /2%
convertible
Corp.,
4%%
2
12-20
Archer-Daniels-Midland
2-
2
1-15
12-16
Steel
1-
2
12-
$3
11-24
11-24
Arkansas Natural Gas Corp., 6%
l
12-is
Armstrong
12-27
12-17
11-28
11-25
11—23
11-25
12-19
12-
12-1
11-20
12-
1
11-20
12-
1
12-20
1-
2
12-
12-
5
Equipment Corp., 4%% pfd.
Corp. (increased quar.)
Ashland Oil & Refining Co.
12-
5
1-
2
12-
12-
1
25c
12-15
1-
2
12-
1
12-
.wEx™.
preferred
5%
Acme
Glove
Acme
Steel
share
6°°
$37%
$62%c
Extra
(s-a)
pfd.
(s-a)
(quar.)
common
Alaska
Packers
(initial)
Gulf
Lines,
Powder
Steels,
Tack
3%% convertible preferred
Allis (Louis) Co. (quar.)
4%
of
preferred
Co.
preferred
Aluminum
(quar.)
of
Ltd..
AmteriCan
Airlines,
3%%
convertible preferred
American Arch Co. (irreg.)
American
Louis)
American
5<£
•
Automobile
(quar.)
Chain
preferred
Co.
&
Cable,
common
(quar.)_
American Chicle
American
Cities
$2.75 class A
1936.
rate
Power
&
A
a
share of
class
B
stock-
Auto-Soler
One
1
12-12
12-18
12-
11-14
12-
2*
Allied
V.
D.
4%%
7%
Dominion
preferred
Sugar
Bankers
1
11-15
12-
1
11-21
$1.12%
12-
1
11-21
11-29
11-29
11-14
Bond
1
12-io
12-
5
8%c
5c
15c
25c
Mortgage Guaranty
Co.
B
of
Barlow
&
Canada, Ltd.
Seelig
class
Common
Barnsdall
Mfg.
(quar.)
Co.
1
Beck
1
Belden
1
12-
1
11-17
12- 1
11-17
12- 6
11-17
(A. S.)
12-
6
11-17
11-25
11-11
50c
12-26
12- 5*
1- 2
12- 5*
pfd.
(quar.)_
(quar.)
Belding-Corticelli,
11-
1-
2
12-15
12-
1
11-15
12- l
11-14
$1.18%
30c
30c
Ltd.,
Extra
preferred
1
50c
Shoe Corp. 4%%
Manufacturing Co.
11- 4
12-
$50c
;
12- 1
$12%c
(quar.)
common
(quar.)
4
&
Ltd.,
11-
4
11-
1
12-
1
11-
4
87 %C
12-
1
11-
4
12-
1
11-
4
12-10
10-31
12-10
10-31
12-
1
12-
1
11-18
$1.12%
12-
1
11-
11-18
3
12-15
11-15
12-15
11-15
11-24
10-16
12-
1
11-15
11-25
12-12
12-20
12-20
11-20
12-
1
1-
2
12-
1
12-
1
11-10
1-
2
12-10*
1-
2
12-10*
12-15
11-28
12-17
12-15
11-15
12-15
11-15
115c
pfd.
4%%
Fairbanks-Morse
Ltd.
(quar.)__
1-26-48
12-19
11-28
1-15-48
12-19
12-
1
11-14
12-
1
11-14
12-
1
t$1.12%
12-15
11-30
1-2-48
11-28
Class
A
4%%
1
12-
1
11-14
1-1-48
11-28
(quar.)
125c
com.
(quar.)
118%c
125c
Products, Ltd.,
1-1-48
11-28
(quar.)
preference
Canadian
11-14
12-
Ltd.
Co.,
125c
Food
11-15
t$2
150c
(interim)
(quar.)
Extra
Canadian
$$1.12'%
(quar.)
Investment
1-1-48
11-28
175C
Foreign
1-2-48
12-
2
2
Ltd.—
Corp.,
Quarterly
t$l
1-2-48
12-
(quar.)___
t$2
1-2-48
12-13
Machine, Ltd., class A (quar.)
Industrial Alcohol Co., Ltd.—
120C
1-1-48
12-
150c
12-1
11-
1
1$2.12
1-5-48
12-
5
General
Electric,
Lt~d.
Ice
A' (s-a)___
Extra
'
B
—
150c
Extra
International
Canadian
Investment
Ltd., 5% preferred (acctim.)
Silk Products, class A
Tire, Ltd. (quar.)
Canadian
t$1.25
;
(quar.)
&
____
$1.50.
Natural
4%
Wirebound
class
A
.
1
12-
5
$37%C
12-
1
lr2-48
11-14
12-
I
pref.
Boxes,
Gas
1
11-20
tl5C
12-
1
11-20
t20c
Light
12-
12-1
11-17
$37 %C
—
Western
Power, Ltd.,
11-
J25c
—.—
Canadian
1
Trust,
Canadian
Canadian
12-
8
1-5-48
(s-a)
1-2-48
Heat
(quar.)_
Ltd.—
(quar.)
12-10
Capwell Sullivan & Furth Oak—
Preferred
(quar.),
37 %c
Carson
Pirie Scott &
pfd. (quar.)
Cassidy's, Ltd., 7% preferred (accum.)
7%
preferred
(quar.)
(This
payment
—
clears arrears)
11-17
Caterpillar Tractor Co.
Central
Aguire
Central
1-2-48
1-2-48
11-29
$1.10
$$1.75
1-2-48
11-29
Central
12-
1
11-15
12-
1
11-15
Light ,& Pov/er, com. (quar.)
preferred
(quar.)_
i
Foundry Co., 5%
conv.
pfd.
(quar.)
1
1
11-15
$$5.25
1-
2
12-
3
1-
2
12-
3
11-29
50c
(extra)
12-
12-
75c
(quar.)
Associates
12-10
$1.12%
$$1.75
Arizona
$$1.50
t$l
11-15
50c
Co., 4%%
11-17
1
12%'C
Carman & Company, new com (initial)
4 V4%
preferred (quar.)
Carpenter Steel Co. (interim)-
12-
$1.06'/4
i-
1
11-29
4
1
115c
Cable, class A
1-2-48
12-
11-
12-
1$1.75
.
137%c
Extra
7%
12-
$1.12%
preferred
Beaunit
12-
12- 1
12-15
25c
Extra
12-
12-15
60c
(quar.)
Bathurst Power & Paper, Ltd.—
Class A (increased quar.)
12-15
12- 3
1
Ltd.—
(quar.)
Canadian
12-26
t25c
12-
t50c
Co.,
Breweries,
Class
25c
Extra
Bfeatty Bros., Ltd. (quar.)
Mills, Inc. (quar.)
Safeway,
11-28
20c
Bastian-Blessing Co. (year-end)
Bates Manufacturing Co., common
4y2 %
Canada
12-12
11- 5
11-19
12-13
11-25
115c
Class
30c
(quar.)
Power
Vinegars, Ltd.
Extra
(quar.)
(irreg.)
Co.
Northern
Canadian
11-15
12-20
111.50
(quar.)
(quar.)
preferred
(quar.),.
11-15
Co.—
A
Oil
7%
11-15
1-6-48
5
1-24
t37%C
Common
Canadian
$1
50c
(quar.)
5
11-
1
150c
1
12-
11-
1
2-
$1.06'A
(interim)
Malting
1M
of
Extra
12-15
1-2-48
12- 1
1
12-
Ltd.—•
(quar.)
Canadian
t25c
Barber-Ellis
5
&
11-14
20c
Barber
12-
$1.25
$1
Steel—
Shippers, Inc.
Asphalt Corp.—..
11-15
11-15
(quar.)
&
11-20
11-17
Inc.
Porcelain
11-20
11-28
11-15
12-
America
1
11-17
11-28
1
12-
7c
12-10
12-1
1-2-48
12%c
(monthly)
common' (irreg.)
prior preferred (quar.)
12-10
7
20c
20c
preferred (quar.)
Bancroft (Joseph) <fe Sons
12-
11-19
(increased)
Mills
$1.25
11-
Corp.
Products..^
11-14
12-
15c
common
Canadian
11-29
1
t20c
(quar.)
(quar.)
A
Canada Wire
for
6%
Bankers
12-10
stock
common
preferred
(quar.)
Baltimore Radio Show, common (quar.)
11-17*
12-
of
convertible
11-20
11-22
(quar.)
Extra
5
12-31
Canada
Corp.
Baltimore
1
11- B
common
11-17
110c
Extra
held
Building,
12-
1
share
share
Manufacturing
12-
12-15
Works,
preferred (quar.)
(stock dividend) —
Co.
extra
each
11-20
10-31
Gear
1
J32%c
Extra
12-27
68%C
11-22
11-20
1-20-48
(Optional dividend series) of
in cash or stock at the
of
12-15
11-20
11-10
Payable
of
$12%c
(quar.)
12-
$1
Foundries & Forgings,
Class
1
11-25
Corp.—
Canada
1
50c
Light
11-22
12-
12-
12-15
12-15
$4.25
12-
12-10
$1.25
(quar.)
Class
Canada
25c
50c
Co.
Extra
11-10
41'Ac
11-21
12-15
1
$15c
convertible
$1.65
11-29
35c
11-15
12-
Canada
(St.
(quar.)
1-16
11-28
$5c
11-15
12-15
1
2
50c
1
B.
12-
Dry Ginger Ale,
12-
1
Avon
20c
Canada
25c
12-
$1
Insurance
______
11-25
America
12-
tlOc
12-10
of
2
15C
_
$1
Canteen
1-
2% %
Ltd., $1.30 pref. (quar.)
Stone, Ltd. (quar.)
&
11-14
87%c
(quar.)
Crushed
Year-end
11-14
Ayco
5
Cement,
Canada
11-14
70c
(s-a)
Inc.—
Canada
1
t$2
(quar.)
Holding Corp.
1
11-21
1
11-20
12-
1
12-
1
25c
(quar.)
12-
12-15
12-
Automatic
11-15
t35c
(Holding), Ltd.—
preference (s-a)
Canada
conv. pfd.
(quar.)
preferred (quar.)
preferred (quar.)
11-17
Wireless
12-15
12-
Avondale
$25c
Inc.
—
Electric Power
(quar.)
Campbell Wyant & Cannon Foundry Co.—
12-
$1.20
(quar.)
&
12-16
series A
11-11
11-28
tl5c
12-30
(quar.)
11-25
45c
12-15
2-
11-18
1
11-25
30c
(quar.)
California
25c
Canada, Ltd.—
Industries,
5% %
11-14
25c
11-15
j.
11-14
12-12
25c
11-21
933/4e
12-12
$25c
11-19
12-
11-20
15c
(quar.)
(increased quar.)
56%c
Service, Ltd.—
(initial)
50c
I
Co.
Extra
conv.
8l%c
common
10-31
convertible
35c
(year-endl
America,
1
C
1
1
(quar.)__
Extra
(interim)
1
12-20
12-15
$1.25
1
'
B
12-1
12-23
preferred
(quar.)
Ltd.
12-
12-
$1
2nd
(quar.)
Corp.
$2.50
(quar.)
12-15
1-2-48
87 %c
(quar.)
Brothers, 4'/2% preferred
Butterfly Hosiery Co. (s-a)
37'/2c
(s-a)
11-17
25c
(quar.)
Year-end
12-
Steamship
11-17
12-15
50c
(irreg.)
common
Butler
12-
1
11-30
12-15
30c
(year-end)
Co.
Co., 5%
15c
Co.
Aluminum
Amerex
(quar.)
—
Alpha Portland Cement
$3.75
A
Burton-Dixie
12-15
Electric
Class
12-12
$1
1
12-30
15C
$3
preferred
Mines,
Common
12-12
40c
11-14
11-14
12-
series
75c
Corp., common (quar.)
preferred (quar.)
Alliis-Chalmers Mfg., common
(quar.)
1
Cable
Ltd
Gold
1
12-
11-12
Concen¬
&
Extra
series
25c
Stores
Indies
West
preferred
Atlas
12-
12-15
11-12
12-12
50c
(quar.)
Mining
Burroughs Adding Machine
5%
20c
4%
11-14
5%
$8
£2 TFiuanC.e ?°* (s_a)
Laboratories
Aluminium
A
Atlas
Balfour
Allied
12-
12-
$2
(s-a)
common
Series
12-
1
&
(Conn.)
Refining Co. (quar.)
Atlas Imperial Diesel Engine—
11-20
12-
12-15
preferred
$1
Line Co.
non-cum.
15c
(year-end)
25c
10c
Atlantic
Autocar
11-20
$13C
Association
convertible
preferred
$1.75
(quar.)
Atlantic
$1
__^
3 % %
3%%
$1.50
(s-a)
& Santa Fe Ry
Line Railroad Co.—
Coast
1
12-15
J50c
A
11-21
11-21
12-
""IS
$2.50
$1
class
1-15
12-12
+35c
iquar.)
Co.
11-21
1
11-14
rr 00
1
12 %c
Corp.,
1
$1.50
Common
12-10
12-15
Mfg.
Mills
1
1
11-12
1
12-
25c
(F.)
1
Topeka
25c
New
Aluminum
2
Corp.,
(quar.)
1
12-
CO
$1.55
(quar.)
40c
(increased quar.)
11-20
5c
(quar.)
12-
U" 1
1-2-48
2%c
—...
Extra
1-
2
7%c
(quar.)
Standard Engineering (quar.)
Agnew-Surpass Shoe Stores-
Allied
1-
(quar.)__
Extra
4%
11-20
2
20C
Ltd.
12-
10c
Automatic
$25c
Aetna
A
U"2°
12-
2
12-
37 %C
Burlington
56'Ac
12-
30c
Burkart
1
4
30c
Special
12-12
11-10
12-
2
$1
Sullivan
Brothers
12-26
12-15
1-
11-17
$1.25
Extra
10-31
1-15-48
Co.—
Co
(Los
&
trating Co.
12-
1
11-17
2
t30c
(irreg.)
Line
Inc.
Hill
15c
(s-a)
Atlantic
PavTmlfflc'.
W-25
common
Works, Ltd.,
Co.
B
Atlantic Coast
1
Co.
25c
Dry
Financial
Atchison
1
2
(quar.)
Goods, common
1st preferred (quar.)
2nd preferred (quar.)
Class
5
1
10-10
11-25
12-
93 %c
(quar.)
Ltd
20c
Associated
7%
Bunker
93%c
Extra
Astor
Bullock's,
11-rlO
12-
1
12-10
25c
(quar.)
common
Angeles)
11-10
1
Bunte
12-
5c
1
1-25
t$i
9
90c
(year-end)
ll-llO
11-20
30c
(quar.)
Forge Co.
Building Products,
12-
10-31
1
$1.10
(quar.)
(quar.)
Oil
Pipe
12-
1
12-
Co.—
(year-end)
Creek
40c
Artloom
11-24
50c
pfd. (quar.)
Cork Co., common
preferred
(quar.)
$3.75
Aro
8
Gas
Budd Company, $5 prior preferred
Buell Die & Machine
1
11-20
50c
Co
Buckeye
12-
1
12-15
12-19
12-
12-
2-2-48
11-20
2-2-48
11-14
12-
tl5c
12-19
$10c
$$1.12%
11-25
12-20
93 %c
(quar.)
12-23
2
11-14
50c
40c
(quar.)
12-
7y2c
8
1-
(qUar)
12-23
12y2c
common
Atlas
Corp.,
1
50c
(quar.)
8
Auto
Electric
12-
1-
12-10
2
12-
Co.,
preferred
75c
common
preferred
1-
Aunor
AnS
Co.,
partic.
Participating
12-
12-15
Acadia-Atlantic Sugar
Refineries, Ltd.—
Class A preferential
partic. (quar.)
12-15
1-14-48
2
1-
62 %c
Extra
12_
25c
(quar.)
$5
$1
1-
12-15
Buffalo
Farms
12-10
1-2-48
Mills,
Common
1
11-20
Argus Corporation Ltd. com. (quar.)
4y2% conv. preference (quar.)
$1.50
Note
Brunswick-Balke-Collender
12-
11-20
12-10
2
$30c
11-15
1
2
2
f25c
preferred
12-15
1
1-
11-
25c
L.)
Silk
Buck
12-15
t25c
preferred
3%%
1
Argus, Inc.,
preceding table.
$2 50 prior preferred
7
(s-a)
Extra
12-
1
56y4c
(quar.)
11-
5
preferred
Bank
Motor
(E.
12-
12-15
25c
preferred
8
12-
$3
(quar.)
12-15
$1.12V2
^'ow "r°&~ Vaper'co/Ltd-—
11-10
12-
quar.)
Extra
11-14
1
11-14
2
Oil,
Co., common
preferred (quar.)
25c
$5
Acme
Co.
2
(quar.)_
Company
11-28
1
1-
1-16
25 c
(quar.)
(reduced
Shoe
$3.60
Bruce
12-
25c
4.40%
t-2i
12-
preferred
30c
,
2
Below we give the dividends
announced in previous
weeks and not yet
paid. The list does not include divi¬
dends announced this
week, these being given in the
Name of
1
11-30
1
i
$1
(quar.)
(quar.)
1-
5
Extra
1-31-48
12-
30c
(s-a)
Milling
1-
12-
Door
12-22
11-17
30c
(quar.)_
Extra
Brown
11-17
12-15
50c
Casket
Brooklyn Borough
25c
Arden
12-1
Burial
Initial
11-20
5
Co.
Ltd. (quar.)
British Columbia Forest Products, Ltd.—
Special
1
preferred
(increased s-a)
12-
1
12-
12-15
Co.—
Rubber
&
participating
Special
12-23
Hose
American
10c
1-
12-15
(quar.)
3%%
11-10
12-
Rubber
&
Inc., $1.20
37 %c
Corp
Farms
$1.12%
prior
common
preferred
Youngstown
(quar.)
I
12-
5%
Ltd. (interim)
(irreg.)
preferred
$1
preferred
11-10
12-12
75c
quar.)
Brazilian Traction Light & Power, Ltd.
Corp. of America (quar.)
Bristol-Myers Co. (reduced)
12-19
1
11-20
11-20
87 %c
(increased
Brewing
Bruck
(quar.)
6%
10c
com.
.
prior
4/2%
$1.50
Arts
12-
12-20
25c
Arcade Cotton Mills Co., common
35c
interest
11-21
$15c
12-13
6%
beneficial
12-
Co.—
Applied
Trust—
Worthington Pump & Machinery Corp.,
Boyertown
$1.60
Corp
Telephone
Arcady
62%c
(quar.)
5
12y2c
A
12-
ijjij
(increased)
12-
30c
(quar.)
12-16
$1.50
Sewing Machine
12-31
25c
(s-a)
(quar.)
preferred
12-20
75c
—.
Wilcox & Gibbs
AbiUhi
Products
prior
25c
(quar.)
Bowser,
75c
$112%
Railway
Co.
5
75c
(quar.)
10c
(William)
12-
Brockway
(quar.)
1
1
20c
(quar.)
Bearing
1-2-48
B
25c
(quar.)_
Woven
Roller
12-31
Co.—
common
12-
12-
15c
(quar.)
Hose
53%c
Bottle
Co.,
11-21
25c
Co.
preferred
Boston
11-14
30c
25c
Inc
(reduced)
Special
Bower
87 %c
$4
3 % %
Boston Woven
5
2
50c
Service
1
11-28
(quar.)
11-15
$1
12-
1-
20c
(quar.)
5
11-14
1
25c
Co.,
Corp.
common
12-15
25c
*
preferred
11-20
&
Brass
W.)
12-22
12-20
Walt)-I
(quar.)
1
(George
Borg-Warner,
&
50c
25c
62%c
Water
12-
11-20
12-
15c
(Sidney)
$1.75
common..
dividend)
Foundries
(quar.)
Anglo-Iranian Oil Co.,
Anheuser-Busch,
Inc.
1
Borg
1
$1
5
$1.06%
Inc
Aluminum
British
Anglo-Canadian
12-
11-20
Bell,
British-American
Andian
12-10
1
12-15
12-21
25c
5
1-15
12-15
12-
12-10
1-2-48
$1.05
(quar.)
(quar.)
(increased)
5
11-28
8
Bohn
1
12-21
Brysori, Inc.—
&
Co.
12-
Tobacco
_
preferred
11-7
11-20
2
Blumenthal
11-20
Sivalls
4y4%
12-
1
1-
Blue
12-19*
$1
Writing Paper (initial)
Metal, Inc., 6% preferred
Class
12-19*
12-15
Black
12-23
Steel
(irreg.)
common
12-
1-2-48
1
12-31
12-
11-10
50c
(quar.)
12-
preferred
12-31
50c
cash
Co.
Year-end
12-15
1
11-15
12-31
1
12-15
12-
1-2-48
11-20
1-15
12-
1-1-48
50c
$1.50
1
Blaw-Knox
12-
11-20
11-20
1
11-28
12-
1
1
12-
12-15
(2-18
1212-
12-
11-14
12-15
1-15
11-20
$1.25
1
12-15
1
$1.50
1-1
37 %c
12-
(quar.)
12-10
12-
11-15
$1.75
Carpet,
preferred
11-28
9
12-23
5
11-15
1
$1.25
(quar.)
&
20c
97y2c
$1.75
Co
(year-end)
25c
Whitman
York
5
12-
1
12-
Son, Inc., 5% preferred (quar.)
Birmingham Gas Co., $3.50 prior pfd. (quar.)
Black Hills Power & Light
Co., com, (quar.)
Bird
12-23
1-30
75c
(quar.)
Pulp & Paper
Wheeling & Lake
World
11-20
$30c
(quar.)
(year-end)
Virginia
Extl
12-
80c
Extra
$4.50
12-
65c
(quar.)
Motor Co.
West Virginia
West
n-20
6%
62%c
(quar.)
Waukesha
1
$2
Extra
B
12-
2
Walt Disney Productions (see
Disney
Warren Brothers Co., class A
Class
Ampco
(quar.)
^a!je Amulet Mines, Ltd.
Waldorf
A
American
12-
25c
(s-a)
Van Norman
Company (year-end)
Virginian Railway
(quar.)
Vogt Manufacturing Corp. (year-end)
Wabash-Harrison
11-20
2
$1.37%
(s-a)
preferred
Wabasso Cotton
1
1-
Anchor
(quar.)
common
convertible
12"
Corp.—
Common
$5.50
12-
1
12-15
Bigelow-Sanford
6%
12-
1-31-48
$1
Manufacturing
50c
Common
35c
quar.)
11-10
11-15
Cement—
&
Extra
11-15
12-15
1
35c
(quar.)
20%
Thermos
$1.75
(increased
11-14*
1
11-25
12-
$3
Corp., common
$1.50
preferred
25c
Light
12-
2c
$3
12-15
12-15
$1.06 V*
.
(quar.)
Steel
preferred
preferred
American
1
class
(quar.)
(year-end
1st
2
12-11
4y2%
preferred
7%
dividend
Stock
7%
10c
preferred
preferred
Bethlehem
11-26*
Santiary—
Smelting & Refining,
Common
(quar.)_—
Limestone
20c
12-19"
12-
4%
11-13
2
2
$1
convertible
20c
2
12-
7
11-7
$1
Standard
&
6
12-15
11-
1
12-12
tl.75
Corp.,
(quar.)
6
12-15
1
1
1-
1-
50C
a
$6
Special
Special
75c
Utah
A
Radiator
1-
12-31
12-
Co.—
Chemical
i-
30c
1.2-
37 %c
&
1-
75c
7
25c
common
(quar.)
50c
43%c
11-
$1.50
Ltd.,
Goods
Potash
preferred
7%
1.
25c
(quar.)
Common
12-19
12-
12-
12 %C
(quar.)
Extra
$5
Bessemer
$1
Co.
B
American
12-19
12- 4
Holders
I5c
preferred (s-a)
Spihnihg Associates—
(initial quar.)
common
3iy4c
common.
(quar.)
Paper
American
12-
1-
11-12
1-2-48
New
$4.20
(quar.)
Co.,
preferred
12-15
$4
Fine
11-12
75c
(irreg.)
Co
preferred
7%
Berkshire
12-15
Illinois—
Foundry Co.,
50c
Y.)
of
Manufacturing
American
12-15
$1.50
(quar.)
pfd.
Extra
12-
25c
(resumed)
(monthly).
(monthly)
15c
When
Payable of Ree.
15c
common
preferred
50c
American
1212-
1-
11-18
2oc
75c
(quar.)
preferred
75c
Match
Co.
Co.
Machine &
12-15
1-
Corp.,
25c
preferred
12-23
12-10
4% %
Beneficial
Bibb
Corp. of Delaware—
prior preferred (s-a)
12-23
2
11-20
12- 1
12-22
75c
62%c
Corp.
Inc.
$1.75
Tobacco
convertible
5%
American
60c
(resumed)
preferred
Co.
12-15
(quar.)
(quar.)
non-cum.
Investment
Bell & Howell Co.,
Extra
12-15
Increased
11-21
12-22
3
75c
common
Leaf
1
2
1-
1
Mfg
(quar.)
,
5
12- 1
1-
&
Co.
12-15
Insulator
Convertible
51c
(year-end)
Machinery
non-cum.
American
American
50c
(quar.)
Hoffman
S.
Upson
11-25
11-29
25c
(resumed)
preferred
90c
12-15
25c
1-
pfd.
12-
Hardware
Gossett
25c
$3
50c
Products
American Ice
$5.50
(quar.)
Chemicals, Inc.
(resumed)
Corporation, $3 preferred (quar.)
United Illuminating Co.
(year-end)
United
Paperboard, common
6% non-cum. preferred (quar.)
Universal
American
1
30c
<s-a)
United
Universal
2
37%c
United
S.
1-
12-
$1.12%
(year-end)
Co.
S.
Hydraulics,
Co., 6%
1-15
3.90%
(quar.)
preferred (quar.)
Twin City Fire Insurance (Minn.)
Sugar
Home
11-25
Co.—
convertible preferred
12-15
12-
$3
Leather
American
Corp.—
prior
Corp.,
&
75c
convertible
$4.50
Universal
1
20c
(quar.)
$1.50
U.
12-
Hide
12-15
&
Share
Extra
Atlan¬
preferred
General
Bell
11-25
$1.18%
Mart, $6 pfd. (s-a)^
(cash dividend)
(quar.)
El.
Belknap
12-15
12-15
30c
preferred
(quar.)
preferred (quar.)
6%
11-15
12-15
$l0c
_
Common
Class
1
40c
Extra
Foil
12-
—
Quarterly
Tooke Brothers, Ltd. (interim)
Twentieth Century-Fox Film
&
Per
Name of Company >•••■
1-2-48
$1.50
$1.75
12%c
,
(2/100ths share of
Electric Co., common)
(quar.)
City
25c
(St.
Trust
(quar.)
dividend
tic
$1
_
Corp.
&
Socket
$2.50
American
1-
$1
Insurance
7%
American Furniture
American Gas
3
12- 1
11-29
(quar.)
Title
U.
11-28
12-
10%
Title.Insurance
&
12-15
$2
Inc.,
Forging
12-18
$1.75
(quar.)
Products,
preferred
7%
American
(accum.)
Holder*
12- 8
12-15
$1.50
(quar.);
American Fork & Hoe Co., common
Fruit Growers, Inc.
(quar.)
$1.12%
Additional
U.
12-17
When
Payable of Rec.
75c
Foreign Power, $6 pfd. (accum.)
preferred
(quar.)_
Stock dividend
S.
12- 1
Share
Co., common (quar.)
preferred
$7
$1.25
Thompson
U.
2- 1
12-15
6%
American &
<quar.)_
pfd.
pfd.
Extra
United
$1.25
27c
Company
25c
Texas Public Service Co.—
Cash dividend (quar.)
Union
12-15
12-15
25c
Gulf
Union
12-15
12-30
12-30
Per
s
Name of
American Felt
$1.95
_
Extra
4%
12-30
12-15
American
Corp.
Terfe Haute Water
Works, 7%
Tex-O-Kan Flour Mills, 4%%
Tilo
12-30
75c
Taylor & Penn, 4.32% conv. pfd.
Telephone Bond & Share Co.—
7% 1st preferred (accum.)
Texas
Holder$
Payable of Reo.
50c
Extra
5%
When
Share
•
Tacbhy-Palmyra Bridge,
12-
1
1
11-15
9-30
15c
12-
11-
7
27 %c
12-
1
11-
7
$1.25
12-
1
11-14
Volume 166
Number 4649
THE COMMERCIAL
Per
Name of
Company
Share
When
3.40%
Per
Name of Company
Deere
preferred (quar.)
Ohio Light & Power Co.—
preferred (quar.)
3.6%
Central
Ohio
Steel
Central Steel
Century
Century
Ribbon
•
Mills
•
50c
H
11-10
1
11-15
Delaware
Aircraft
Co.
12-12
12-
Dennison
12-15
12-
1
12-
1
$4.50
preferred
•Chapman
Charis
Valve
pfd.
(s-a)
Chestnut
Chicago
5
11-14
1-2-48
12-
5%
5
Detroit
preference
$3
preferred A
t.
11-21
Diamond
1
11-15
12-
4
11-20
11-10
Disston
12-
11-15
Distillers
Dixie
1
(quar.)
v.
$2.50
25c
12 %c
12-
1
11-14
12-15
11-29
11-29
12-15
12-
25c
Cab
Co.
(quar.)
12-
11-20
1
1
Cotton
Oil,
25c
(quar.)
1-15-48
12-
9
Common
(quar.)
25c
4-15-48
3-
9
Common
(quar.)
25c
7-15-48
6-
9
Corp.
Cincinnati
4%
(increased
quar.)
Milling Machine,
preferred (quar.)
City Ice & Fuel Co.
11-14
1-17
8-1-48
7-17
Co.—
35c
(increased
12-
1
11-10
$1
common
12-
1
11-10
62 V2C
12-31
12-10
$1.75
2-16
7%
1st
preferred
12-12
2c
Clayton & Lambert Mfg
Clayton
Silver
Clearing
Machine Corp.,
Cleveland
Mines
12-20
Electric
$4.50
&
guaranteed
7%
guaranteed
Clinchfield
1
11-10
1
11-10
Donohue
12-
5
11-10
Douglas
preferred
4%
Stores,
5%
Fuel
&
$3
Class
Class
B
Columbia
preferred
&
Community
Conestoga
1
11-20
Durez
12-
1
11-20
12-
1
11-15
11-15
11-21
5
11-21
50c
4.
5
12-10
11-24
12-10
1
11-15
....
12-15
11-25
50c
25c
12-15
11-15
25c
ts-ai
tquar. 1
(quar.)
River Power,
Bakeries
12-15
12-
56 V4C
pfd.
6%
Canada
of
<quar.)__
Chemical
class
Consolidated
B
Industries,
(N.
12-15
12-
12-
1
11-15
12-
1
1
11-15
(extra)
12-
5
$1
12-15
11-28
$1
12-15
11-28
40c
Y.)
Inc.
12-15
11-
7
Steamship Lines,
convertible
Oil
Works
4.10%
preferred
4(4%
Products
♦ %
preferred
Continental Assurance
Extra
Co.
(Chicago)
(quar.)
Co.
4'/2%
Varnish
&
Copeland
Extra
preferred
Copper
Range
Cornell-Dubilier
series
$5.25
Electric,
A
Common
& Sexton,
Crown
Capital Corp., class A
Cork
&
$2 preferred
Pass
Crum
&
Forster,
&
Forster
Common
$4
Co., Ltd.
8%
preferred
Sugar
Mfg.
prior
cum.)
Metal
Door
3%%
3%%
Deep
A.)
Leather
B
(irreg.)
(year-end)
preferred
Co.
(quar.)
(year-end)
Co., Ltd., class A
preferred A
preferred B
(quar.)
11-14
12-13
Farquhar
12-13
Federal
12-15
11-17
Mfg. & Engineering Corp.
Federal Mogul Corp
12-10
11-25
Federal
1-15
12-19
Ferro
12-
1
Farmers
N.
1
11-10
12-
1
11-10
12-30
10-29
12-15
12-
28 %c
12-
11-17
1
1
11-29
11-14
11-29
11-
12-15
11-21*
12-
7*
12-16
30c
12-
1
11-17
12-
1
11-13
5
$1
12-
1
2
11-
$2
12-31
8
12-17
Life
Ins.
Group
No.
No.
12-15
11-17
Group
12-15
11-
3
12-15
11-
3
11-3
11-28
11-14
5
1-
2
2
12-19
B.)
Screw
Co.
11-29
1-2-48
12-18
$1.25
1-2-48
12-17
cisco)
$1.60
11-24
11-
75c
1-1-48
12-
America,
class A
(quar.)
4% %
12-
5
12-
1
1
11-13
1
1
11-14
1212-
Indemnity
Rubber
&
Co.
(San
preferred
A
Class
B
Common
preferred
(optional
share of
cash
common
Carpet Co.,
or
stock)
(quar.)
to
Simons
class
A
& Connell
11-15
11-28
11-18
11-
1
1
11-
1
1
11-18
(quar.)
93 %C
12--
1
11-18
(quar.)
93 %C
12-
1
11-18
2
(quar.)
Year-end
$4
preferred
Florida
4% %
Food
Power
Fair
Common
Stock
$2.50
Food
(quar.)
&
preferred
preferred
convertible
(stock
preferred
11-14
11-26
11-14
11-26
11-14
11-26
11-14
11-26
11-14
11-26
11-14
11-26
11-14
11-26
11-14
11-26
11-14
11-26
11-14
9c
11-26
11-14
11-26
11-14
9%c
7c
Shares
11-26
11-14
4c
11-26
11-14
10c
Shares
Priced
Extra
11-26
11-14
11-14
6c
Extra
Petroleum
1-2-48
12-16
Shares
11-26
11-14
11-26
11-14
6c
Shares
11-26
IV2C
Extra
Mining
11-26
9c
6 V2c
Shares
Merchandising
11-15
11-26
11-14
11-14
11-14
5c
Equipment
Stock
Shares
11-14
11-26
11-14
6c
Shares
11-26
6c
Shares
11-26
2c
Bond
Extra
11-26
3c
Extra
Railroad
11-26
11-14
11-14
11-14
11-14
4-1-48
3-16
12-10
11-20
7%c
11-28
11-14
12-10
11-28
12-15
12-
1
12-22
12-
5
6c
11-26
4c
11-26
Tobacco 'Shares
4c
11-26
11-14
Utilities
3c
11-26
11-14
4c
11-26
11-14
$1.25
75c
$1-25
25c
$1.10
1- 2
1-2-48
12-22
12-15
12-15
12-18
11-21
11-21
11-20
11-20
Steel
Shares
Extra
Shares
Extra
Guantanamo
Gulf
Oil
Gulf
Co.,
Sugar
$5
pfd.
-
(initial)
States
Utilities, common
preferred
(quar.)
$4.40
(quar.)—
(increased)
Corp.
Special
(Canada)
Gypsum Lime & Alabastlne
12-15
12-
5
12-
5
Hackensack
12-15
12-
5
12-15
12-
5
12-15
11-15
12-
11-15
—
Quarterly
12-15
Hajoca
1200
Water
Corporation
dividend
Cash
85c
(s-a)
Co.
(stock
50%
dividend)
75c
(quar.)
50c
Extra
1
12-10
12-
12-10
12-
1
1-1-48
12-
5
Hale
Bros.
25c
Ltd.
(interim)
Ltd.
(quar.)
(initial)
Mines,
Hamilton
(quar.)
$7c
$22V2c
Inc.
Stores,
Cotton,
1
Watch
Hamilton
Co.,
convertible
4%
Hammond
50c
25c
$1
11-19
12-1
11-14*
12-
12-
1
11-14*
12-
1
11-15
12-
1
11-15
1-
1
12-
12-
1
11-20
12-
B
Class
class
A
(quar.)__
(quar.)
Extra
5
-—
(M.
Co.,
A.)
common
(quar.)
Harbison-Walker Refractories,
preferred
6%
(year-end)—
preferred
$4.25
1
11-20
50c
12-10
11-24
Harnischfeger
1-2-48
11-24
12-15
11-29
5%
5%
com.
(quar.)_
(quar.)
Corp.,
common
(quar.)
$1.12%
12-
1
10c
12-15
11-15
12-
1
12-24
12-
1
12-15
12-
1
100%
SlVic
12-22
12-15
12-
1
Wholesale
25c
12-10
25c 3-10-48
12- 1
11-15
12-
1
11-15
12- 1
11-15
25c
12-
50c
11-25
2-25
1
11-15
$1.60
12-12
$1.06 Vi
12- 1
50c
12- 1
$1.50 1-20-48
15c
12-23
12- 2
1-6
12-12
11-15
11-13
non-cum.
Co.,
(quar.)
$4 prior pref.
preference
(quar.)
(quar.)
12-23
12-12
12-23
12-23
12-12
12-12
12 %c
5c
Co
Chemical Co.
Hartman Tobacco
12-15
12-15
12-15
12-15
12- 5
12- 5
12- 1
12-5
75c
1- 2
12-23
12 %c
25c
25c
50c
12-12
12-1
12-Jf*
J}"2®
11-10
37y2c
$1
-1" ?
Common
Haskelite
11-10
11-10
11-26
11-18
11-18
40c
Extra
Harshaw
11-1j?
11-15
$1.25
$1.25
preferred (quar.)
preferred (quar.)
2nd
Harrison
12- 1
12- 1
12- 1
12- 1
12- 1
12-12
12-15
12-15
J J"'
J1"1^
11-15
50c
Oil
Extra
Hanna
1
12 1
25c
quar.)
(increased
(quar.)
Co.
(Calif.),
11-14*
1
(quar.)
]2~ }
12-
Co.—
Common
Hancock
(quar.)
common
preferred
Instrument
Common
30c
5%
(quar.)
11-26
7%c
Shares
Companies
Extra
Low
11-28
62%c
dividend)
11-14
11-14
9c
Shares
Machinery Shares
Institutional
$3
(quar.)
(quar.)
Machinery Corp.
3V4%
Industrial
11-14
Stores—
(cash dividend)
dividend
11-14
11-26
7c
1
$1
Light Co.—
(initial quar.)
11-26
11-26
5%c
Shares
Extra
common
11-20
12- 1
12- 1
4%c
12-
50c
Company,
12- 5
12- 1
12-27
12-27
6c
Bond
12-16
17%c
Stores, Ltd.—
preferred
(quar.)
11-10
12-18
11V2C
Shares
Extra
11-28
Dredge & Dock Co.—
Resumed
11-20
5c
Extra
Stores—
(s-a)
1
12-10
7c
Equipment
Railroad
$30c
$1
$1
$1.75
50c
8c
Shares
Shares
Administered
Fully
11-14
$1.25
5c
12-
3
8 %c
11-28
25c
Co.
11-20
11-13
11-13
11-20
10c
Shares
Railroad
25c
H.)
(quar.)
Extra
4
25c
(M.
Extra
11-17
1
Electrical
Food
11-
5c
preferred
Fishman
11-
12-15
12- 1
12- 1
12- 1
11-14
11-28
or
Extra
11-14
11-24
35c
$50
(quar.)
Hamilton Gas Corp.
quar.)
12- 1
11-14
8
$1
50c
11-19
11-25
11-26
11-
12-23
(increased
11- 6
12- 1
12-15
5c
11-29
stock
common
Co.
Extra
11-15
—
(s-a)
1
11-14
1
$1
$2
12- 1
11- 6
12-
11-26
1
$1
Corp.,
11-15
12-15
12- 1
11-26
Fran¬
(s-a)
York
11-15
11-15
12-15
6c
Hallnor
(Utah)
12-15
12-15
7c
12-12
$1.12%
Ogden
11-19
12- 8
11-20
11-14
11-14
Shares
12-
Co.—
(quar.)
11-22
12- 1
12-31
12- 1
12-15
12-15
Shares
$3
(s-a)
12-12
Shares
11-13
12-
5c
37%c
$1
37%c
$1
$1.25
Aviation
11-15
12-
5*
12- 5*
11-15
11-22
7c
$3
Security Corp. of
7%
1
12-
1-1-48
12-
Chemical
7
Fitzslmmoi.s
12-
12-18
11-
2
1- 2
12- 1
12-12
Building
2-20
12-31
1
1-
1
6c
75c
Fund
Flintkote
12-
50c
1-25
12- 3
12-20
12- 5*
50c
Oil Corp. (quar.)
Securities, Inc.—
$2
1
Tire
5
30c
12-
3-15
12-
25c
(quar.)
(quar.)
7
$1.75
$37%c
$1.25
12-10
12-30
1- 2
$1.50
preferred
Co.—
2
$2
Class
Fitz
1
35c
Works
(quar.)
Firestone
11-15
11-15
1
40c
(quar.)__
Corp
of
_
B
Firemen's
5%
12-
12-
12-
25c
15c
35c
11-25
Brewery
Extra
11-20
12-15
Co., common—
Extra
12-15
18%c
Co.' (quar.)
Extra
Firth
1
$2.50
(A.
Extra
First
12-
12-15
—
(initial)
&
Agricultural
12-19
1-
Co.,
Oil Corp.
1
Automobile
8
12- 1
45c
Ry.
Cooper
Group
12-
Y.)
(N.
(quar.)
Western
common
5
12-15
Pacific Tea
Paper
Northern
11-
(Syracuse,
(quar.)
Enamel
Class
11-13
12-
Traders
&
Y.)
Quarterly
11-10
12-
1
Griggs
11-15
Co.
Extra
Griesedieck
50c
Metallurgical Corp
Farjardo Sugar Co. of Porto Rico
1-2-48
12-
Rock Oil Corp
New
12-19
(s-a)
Indemnity
Northern
11-25
12-15
11-29
12-15
&
Co
Atlantic &
25c
Fansteel
1-2-48
12-
common
11-28
Smelting
preferred (quar.)
25c
Extra
11-14
45c
& Light,
12-12
1-2-48
$1
$15c
(irreg.)
11-14
$17 %c
(quar.)
Power
25c
50c
(quar.)
(irreg.)
11-29
25C
Company
12-
Ltd.
Mining
Quarterly
$2.50
Co.
11-29
•
(quar.)
11-26
12-15
25c
&
Quarterly
(quar.)
12-10
50c
*
Morse
Fittings, Ltd.,
preferred
preferred
Dahlstrom
Class
(quar.)
11-26
$1.25
•
_■
11-29
$1.75
Co.
7%
Dayton
12-15
Co.—
5%
Sons,
Davis
11-14
1-2-48
$1
Cushman's
(L.
12-15
$1.13
Corp.—
(Missouri)
Publishing Co.—
Darling
11-14
$$1.50
(year-end)
Atlantic Sugar,
($3
(quar.)
(s-a)
12-
12-10
$1.25
(quar.)
Falconbridge Nickel Mines, Ltd.
Falstaff Brewing Corp. (quar.)
Vs
(quar.)
Cuban-American
Curtis
12-15*
1
$1.05
Securities
preferred
Curtis
12-
preferred
Gregg, common
(The)
First
preferred
Coal
Crum
Cuban
1-2-48
10c
(quar.)
convertible 2nd
7%
&
Fairbanks
40c
.
11-25
12-10
Co.,
Union
American
50c
Fair
12-15
Co.—
(quar.)
Corp.—
12-15
$1.25
Pipe Line Co.
Coe
11-25*
4 %0
(s-a)__
Mfg.
preferred
Nest
(quar.)
common
preferred
Zellerbach
$4.20
Crows
12-31
50c
Co., Inc.,
(quar.)
Overall
Crown
$4
Seal
Drug Co.
prior
6%
Faber
93 %C
(quar.)__
11-17
10c
5%
i
12-15
a2 % %
(quar.)
11-28
Power
Grand
$1
__
(s-a)
Extra
11-20
17 % C
preferred
12-15
25c
(accum.)
(s-a)
Co.,
Company
1
$25c
Crown
Crown
12-
$$1.25
4V2%
11-20
12-31
12-26
(irreg.)
(quar.)
Consolidated
12-10
28c
(quar.i
preferred
conv.
prefeiTed
Railroad
Finance
(quar.)
Cory Corporation
(quar.)
Courtaulds, Ltd.
(interim)
Crane Co., 3:,4% preferred
Crown
12-12
Ltd.—
(quar.)
preferred
Cribben
convertible preferred
20c
Erie
Co.,
Investing
20c
(quar.)
Granby
$1.25
$1.31 V\
common
preferred
11-20
1
Co.
5% preferred (s-a)
Ltd., class A (quar.)
Inc.,
&
General
(quar.i
com.
25c
Corrugated Paper Box Co.,
12-10
$1
Equipment—
(resumed)
10c
Co
Grafton
&
75c
Corp
Refrigeration
Graflex,
1-2-48
25c
——
1
12-
12-15
1- 2
25c
25c
35c
11-15
50c
Drug Co., 8% preferred (quar.)
Empire & Bay State Telegraph Co.—
4% guaranteed (quar.)
$1.50
(quar.)
12-
W.)
Extra
1
11-13*
12-22
(quar.)
quar.)
12-16
20c
(quar.)
5c
(increased
11-22
11-28
12-15
40c
(extra)
prior preferred A
5%
1-2-48
40c
Paint
Common
$3
30c
(quar.)
Extra
12-10
25c
50c
93 %c
(Chicago)
(H.
11-17
30c
(year-end)
Manufacturing Co.
Gossard
12-15
Eureka
(quar.)
Casualty
Continental Gin Co.,
Cook
11-12
10-29
$1,121/2
'
common
preferred
$3.75
Continental
11-27
11-29
$1
Co.,
Can
Gorham
12-22
12-17
Essex
;
Continental
50c
$50c
iquar.)
11-20
1
12-31
11-15
Corp.
1
1-
25c
1
Container
12-
1
11-18
$2.50
$25c
(quar.)
preferred (quar.)
Mackay Stores, Ltd.—
Extra
7%
A
11-19
$2.50
35c
(quar.)—
(quar.)
B
80c
12-
(quar.)
of America—
A
Class
Corp.
(year-end)
Company
(resumed)
Ely & Walker Dry Goods
$50c
preferred
Class
1-
11-14
Emsco
$4,50
2
1- 2
1-15-48
12-
Empire District Electric Co.,
5% preferred (quar.)
Co
1-
1-15-48
11-28
11-15
Paper
1-15-48
(quar.)
convertible
Great
11-10
11-10
11-10*
U-13
1- 5
1- 5
11-19
11-25
10c
$5
Gordon
Great
12- 1
11-28
1- 2
1
U-13
11-21
50c
Goodyear Tire & Rubber Co., com.
11-10
pfd.
4%
Inc.
11-15
1
11-25
11-25
12- 1
12-10
2-2-48
2-2-48
12-12
12-15
12-
t30c
1
Ltd.,
Co.,
1
Great
$1
25c
84%c
75c
$1.25
93%c
25c
25c
11-28
$12'/2c
12-
State
11-24
,12-
11-13
12-19
11-15
11-18
$12%c
$12V2c
(quar.)_
(quar.)___
preferred
1-2-48
12-22
11-20
(quar.)
6%
Goodall-Sanford,
Electrolux
Common
(quar.)
Co.,
C.)
2
20c
Equity Corp., $3
Co.
-
(H.
1-
75c
11-20
Co.—
Brewing
2-2-48
2
12- 1
1- 1
12- 1
12-15
12- 1
56!/4C
$1V4C
5c
(s-a)
$25c
$1.02%
1
Power
Goebel
Ltd.
Co.,
Golden
$0.5488
Consolidated
quar.)—
(quar.)
2
12-
$1
7%c
75c
12 %c
$1.75
15c
50c
preferred
1-
60c
(quar.)
Special
Derrick
(initial
common
new
Extra
(initial)
I
Glass, Ltd.
11-17
$25c
Co
1
Consumers
11-10
(quar.)
preferred
Auto-Lite
Electric
(quar.)
Brick
convertible
Oil
50c
common
12-
Consumers
1
100%
Gas,
Electric
4%
Co.,
4%%
75c
dividend
Natural
Paso
12-
Ltd.—
Glldden
Co.
Shale
Extra
12-15
12-
(s-a)—
(quar.)
2-2-48
$15c
(quar.)
12-
&
12-31
50c
Dorado
$1
Mills,
11-15
12-31
11-14
$1.25
Company, preferred
Machine
50c
(quar.)
com.
Steel
25c
Power
Gisholt
Great
(quar.)
25c
(quar.)
1
2-2-48
Railway—
Inc.,
preferred
(quar.)
Textile
12-
2-2-48
preferred
$6
11-15
12- 1
12- l
75c
$1.50
Street
(quar.)
Water
$87V2c
(quar.)
Extra
20c
(quar.)
(quar.)
Co.
preferred
11- 5
Corp.
30c
Laundries
5%
10-31
5
Girdler
50c
Paper
Consolidated
11-25
Ltd.—
(quar.)
Consolidated
Consolidated
Power Co.,
4%
Co.,
(irreg.)
Co.
Consolidated
Extra
11-14
(quar.)
Rubber
&
preferred
(S. A.)
$5
$62V2c
Goods
Extra
El
Georgia
Glen-Gerry
25c
Products, Ltd. (quar.)
Eaton
Manufacturing Co.
(quar.)
Eddy Paper Co., Ltd., class A (quar.)
El
1
Emerson
1-2-48
Inc.—
(extra)
Edison
$2
Tire
30c
Chemicals
&
stock
common
General
Gerrard
Elliott
$25c
$1 participating preference class A
Common
$1.50
1
Ltd.—
Quarterly
Consolidated
1st
Stock
$1
Consolidated
Plastics
Eastern
11-24
12-
2-13
7'/2c
dividend)
preferred A
12-
2-27
15c
(s-a)
Massachusetts
12-
12- 1
1-16
50c
(reduced)
Rubber
Eastern
60c
1-30
$1
(quar.)
6
1
11-29
12-15
^
25c
Extra
12-
12-10
12-12
81 Vic
(irreg.)
1
$1.25
Co.
Co.
12-
11-15
11-29
Advertising, common
General Precision Equipment
General Shareholdings Corp.—
$6
preferred
(Optional
stock
dividend
series.)
Cash
or
44/1000th
share
of
15c
12-31
11-
12-12
12-10
$25c
(quar.)
Corp.
(stock
Duriron Co.,
Eagle-Picher
1
11-19
12-26
—
Outdoor
15c
&
Duplan Corp.
12-
1
k
12-26
(quar.)
preferred
(quar.)
$3.75
General
$2.50
(quar.)
preference
50c
60c
Service
Power
(quar.)
(quar.)
Bridge
Tire
1st
Eastern
(quar.)
Inc.
(quar.)
(irreg.)
6%
Extra
Connecticut
5%
12-
1
$5 preferred
11-15
5c
Dunlop
12-
12-
(quar.)__
Inc., 5% preferred
Motors
Corp., common
Godman
common
A
Bradstreet
11-18
Co.—
Transportation
Co.,
Eelectric
&
12-10
25c
(quar.)
Telephone
Congoleum-Nairn,
Dun
11-10
75c
Co.
Dumont
Co.—
quar.)
25c
$75c
Corp., 4% preferred (quar.)
Drewry's, Ltd., U. S. A., Inc
1
12-
1
$37%c
certificates
Ltd.
Co.
preferred
Drug Co.
11-24
37 %C
(quar.)
Elevator
Public
Connecticut
12-31
12-
Mills,
$25c
trust
25c
(quar.)
-
preferred
1
10c
Carbon
Year-end
1
2nd
45c
_
iquar.i
Commonwealth
$5
(increased!
(quar.)
Broadcasting System—
iyear-endi
(year-endi
A
1212-
General
11-26
12-10
Globe
(quar.)
preferred
50c
Co.
common
(increased
preferred
Columbia
12-15
12-15
10-15
$25e
t$1.25
(quar.)
com.
Dravo
1
25c
common
Iron,
Milling
Common
1
12-
5%
(quar.)
convertible
Colorado
(quar.)
Power
Ltd.,
Extra
(stock dividend)
Inc.,
Central
Colorado
12-
87 %c
Corp.
preferred
Colorado
12-15
12-15
Co.—
(quar.)
Aikman
Mills, Inc.
Colonial
Dow
75c
$3
Colgate-Palmolive-Peet
&
$3.25
1
Dumbarton
i s-a I
A
$4
12-
Corp.—
iyear-end)
Class
11-13
12-18
12-15
$20.65
International
1
1-1-48
$2
_
12-24
12-17
(quar.)
(quar.)
$25c
Brothers,
Aircraft
Chemical
$1.50
(quar.)
Common
$3.50
preferred
20C
Coca-Cola
Colonial
$1
Dow
Extra
General
Ltd.—
Ltd.
(increased)
Chemical, Ltd.—
&
voting
12-
12-
Corp.,
(quar.)
12-
(s-a)
10-15
15c
Stores,
Common
25c
A
12-10
12-24
15c
Investments, Ltd.—
(accum.)
Common
20c
Common
Collins
preference
5%
Dominion
Dominion Tar
50c
ciass
$3
11-21
11-21
37 %c
(quar.)
Dominion-Scottish
11-15
Monthly
Co.,
,
quar.)
(monthly)
Malting Co.,
11-20
Monthly
Coca-Cola
2
1-2-48
pfd.
Inc
Bottlers,
2
12-
preferred
(quar.)
& Co., 6% conv.
America Corp.
(quar.)
B.)
1- 2
1212-
11-14
1
12- 1
25c
common
Cigar, 7% preferred
Dry Batteries
General Finance Corp.—
$4 preferred series C (s-a)
5% preferred A (s-a)
$38c
5%
(D.
11-24
12-
$1.50
25c
$1.50
General
Trailer Co.,
preferred
11-24
12-13
56V4C
62%c
(quar.)
General
1
12%c
Bridge Co., Ltd. (quar.)
Coal, Ltd., 6% pfd. (accum.)
Dominion Envelopes & Cartons Ltd.
(West¬
ern), 7%
preferred (quar.)
11-20
Inc.
General
1- 5
11-13
Dominion
87 %c
Industries,
it- 5
12-
Dominion
1
(quar.)
11-ia
1-15-48
12-
(quar.)
Corp.
General
$$1.25
t30c
(quar.)
Coal
12- 1
15c
12-15
12-15
-12-15
25c
& Anglo Investment
preferred (quar.)
12-
1-1-48
Fuller
62 %c
Monthly
50c
$1.12%
11-10
Fruehauf
a2%%
(final)
;
40c
(quar.)
11-25
$1
(quar.)
Fields
Oil
common
Pittsburgh RR.—
4%
Clinton
1
11-15
11-24
12-13
25c
(quar.)
12-13
Co.—
75c
Extra
Monthly
Works
Bridge
Simon &
convertible
-12-23
15c
Co.
Pitt
1
15c
Mfg.
(initial).
com.
Illuminating Co.,
preferred
Cleveland
new
12-
12-
preferred
Freeport Sulphur Co. (quar.)
50c
Dominion
(quar.)
11-17
a2%%
Dominguez
2-10
25c
quar.)
City of Paris Dry Goods—
12-10
$1.25
A
Doernbecher
5%
Franklin
37%c
(year-end)
Dominion
(s-a)
Cincinnati
12-12
2-1-48
$2
Railroad
(s-a)
preferred
4%
$1
$2
Inter-Terminal
preferred
4%
common
Fort
25c
Extra
"
11-28
12-13
25c
11-20
12-23
11-24
25c
—
11-29
4% %
Holder*:
Payable ot Rec.
25c
12-20
4%
(quar.)
(increased
class A
51
25c
Extra
$5
(accum.)
Cup
Doehler-Jarvis
Quarterly
Canada,
25c
Co., common
(quar.)_
Dobbs House, Inc. (quar.)
Dr. Pepper Co. (quar.)
.Chicago South Shore & South Bend RR.—
Yellow
Sons
of
Co.
B
$1.75
:
Co., Ltd., ordinary
Class
11-29
12-15
25c
dividend
12-15
5 %
^
Class
$4
Dictaphone Corp., common
4% preferred (quar.)
11-25
&
12-1
RR.—
Co
(Henry)
12-8
Motor
Extra
jfc
"
20c
(s-a)
1
12-
Match
11-10
Ford
11-10
1
$1
Special
(irreg.)
Chrysler
Tunnel
12-
75c
(quar.)
c.
Extra
Chickasha
River
1
12-
Share
$1.50
preferred
(irreg.)
75c
(quar.)
1
12-
When
Per
Name of Company
11-10
60o
Western
for
25c
Railroad
Chicago Rivet & Machine
Chicago
Grande
Rio
certificates
$3.50
Co
Corp.,
Stock
&
Derby Oil Co., common
5%
preferred (quar.)
Chicago & North Western Railway Co.—
.
(quar.)
(quar.)
Mfg.
Escrow
11-25
12-10
Co.
20c
Hill
Belt
12-
25c
$1.12%
7%
Corp.
Chain
12-19
20c
(quar.)__
common
(quar.)
Mfg.,
1-1-48
Hudson
Co., class A (extra)
Dentists Supply Co. of N. Y. (quar.)
7% preferred (quar.)
Denver
$1.12%
(year-end)
Champion Paper & Fibre,
&
Delaware
Dempster Mill Mfg. Co.
12-15
1
15c
Products
12-26
15c
Products
Corp.—
prior preference (quar.)
4%%
Floor
11-25
15c
'
Holier*
12-
35c
(quar.)
9
2
When
(2143)
Payable of Reo.
$1
preferred
12-10
1-
CHRONICLE
25c
Extra
Certain-Teed
Cessna
share
common
2%
(quar.)
Extra
1
Co.,
60c
dividend)
(stock
12-
&
7%
(year-end)
Co.
H CM
90c
Products
Wire
&
Electric
85c
FINANCIAL
Holder*
Payable of Rec.
Central New York Power Corp.—
Central
&
(resumed)
Hathaway Bakeries, Inc. (quar.)
Haverty Furniture Co. (quar.)
Hawaiian Pineapple, Ltd. (year-end)
Mfg.
Corp.
11-25
11-20
11-15*
:
52
(2144)
THE
Industries,
Hazel-Atlas
Hecla
Glass
Mining
Hendershot
Co.
Co.
Products,
Inc.
Heyden Chemical
3'/2%
Corp.
preferred
A
5%
preferred
Ltd.
1-2-48
12-15
25c
(irreg.)..
common
12-
12-
$1.75
B
32c
&
E.)
(quar.)
Navigation
Lehigh Portland Cement (quar.)
(quar.)
Co.
Hobart
Holland
Furnace
Co.
(increased
(quar.).
(Henry),
Hooker
$1
Oil
preferred
&
Hardart
A
(quar.)
(year-end)
12-26
12-16
1-30-48
1-20
25c
50c
30c
37'/2c
12- 1
12- 1
12- 1
12- 1
12-20
11-20
11-15
Life
12-
5
Liggett
12-20
12-
5
Y.)
12-
1
11-21
Lincoln
12-15
11-21
7%
Howard
25c
$1.25
30c
11-26
11-
3
12-30
12-
75c
12-15
Corp.,
50c
12-10
12-
1
11-14
12-
1
4V4%
preferred
Electric
(quar.)
Motors
12-
1
$1.06'A
Co.
11-14
15c
12-20
12-
Mining & Smelting
Hudson Motor Car (quar.)
Humble Oil & Refining Co
Hunt Foods, Inc., common
(quar.)
J75c
12-15
12-
11-
10c
series
Central
RR.
A
(Leased
Lines)
Mullins
Miami
Belt
Class
Class
12-30
12-20
Loblaw
12-
11-14
Lock
12-
A
12-11
2
1-
Groceterias, Inc. (quar.)
Pipe Co., 8% preferred
Lone
Gas
&
Star
$4
Gas
12- 8
J25c
12-
1
11-14
12-31
11-18
Lord
A
Long-Bell
J 10c
&
Lumber
12-
1
11-18
Lowney
12-
1
11-18
Ludlow
12-
1
11-18
Lynchburg
25c
12-
1
11-14
M.
A
20c
12-
1
11-10
Mack
1-2-48
12-12
Ingersoll-Rand
(quar.)
(quar.)
Co.
$1.25
M.
Co.
Institutional
1
11-
3
MacLaren
12-
1
11-
3
Macwhyte
12-
1
11-14
20c
Shares,
11-30
10-31
Magma
25c
11-30
10-31
Mahon
$1.50
12-10
11-20
Maltine
20c
12-10
11-28
Manhattan
12-
11-17
Power
&
Telegraph
12-
1
If-
1-15-48
12-15
1-2-48
1
11-17
11-
3
12-15
.
(quar.)
(quar.)
Aviation
shares
(quar.)
International
Cigar
Machinery
Coke, Ltd.
International
Coal
International
Educational
&
(quar.)
(interim)
__
tl'/2c
&
new
Company, 4'A %
Shirt
Co.
pfd.
conv.
(quar.)-
International
Harvester
Co.,
preferred
(quar.)
Nickel
10-31
$1
1-15-48
12-15
Marconi
1-15-48
12-15
12-
11-15
$1.75
Co.
of
Canada,
1
Quarterly
tion
Co.,
Ltd.,
Paper
12-20
11-20
12-20
11-20
Master
75c
12-15
11-24
$1
12-15
11-24
(quar.)
Extra
—
International Petroleum Co., Ltd.—
Bearer
(s-a)
Life
12-
5
11-14
Co.
1- 3
11-21
National
Steel
National
Tea
Asphalt
International
Silver
$1
Interstate
5%
Utilities
Corp.
(quar.)
(The)
Co., common
preferred (quar.)
prior
Interstate
Natural
Itttertype
11-12
1
12-
12-15
12-
1
12-
(year-end)
12-31
12-15
McCord
12-15
12-
12-15
12-
1
12-15
12-
1
1
Southern
Mfg.
Jaeger
Jahn
Machine
&
S%
Jewel
Co.
Co.
preferred
Tea
Johnson
Co.
&
A
1
11-10
1
12-10
11-25
12-
11-19
1
12-
12-20
12-12
10c
(extra)
11-25
60c
(quar.)
1
12-12
11-28
(quar.)
Vegetable Parchment Co.
City
Power
3.80preferred
&
12-
12-10
11-28
12-10
11-28
2-14
6
15c
12-15
12-
95c
(quar.)
12-
1
11-14
12-15
11-30
5
Light—
Drug Co., common
$4.50 preferred (quar.)
&
1-1-48
5c
(quar.)
Katz
(Julius)
Co.
&
Robbins, common
$4 preferred
(quar.)
Mead Corp.,
common
(irreg.)
4'A%
preferred (quar.)
4%
2nd preferred (quar.)
A
(quar.)
12!4c
$1.12%
1-
&
Metal
&
Kentucky Utilities, 4%%
Kerr-McGee Oil
$1.20
Industries,
preferred
Keystone
pfd.
(initial quar.)
7%
preferred
1-
2
Mid-West
30c
Co.
12-31
12-
Extra
11-20
12-15
8%
11-15
Oil
Co.,
preferred
Automobile
Mill
4
Aviation
3
Bank
&
3
Building
Klein
(D. Emil)
& Co.
Knickerbocker Fund—
Beneficial
interest
(irreg.)
Knudsen
Creamery Col, common
60c
preferred (quar.)
Koehring Co. (increased quar.)
Kresge (S. S.) Co. (quar.)
(quar.),__
Common
(quar.)
preferred
Foundry
4c
11-25
11-
5
5
1- 5
11-19
Machinery Industry
12-22
12-10
97'/2c
1-2-48
12-
1
4
1- 2
12-15
11-20
12-
1
11-15
$2
12-
1
11-
12-
1
11-18
45c
(s-a)
'
1
12-15
11-14
12-15
11-14
12-15
11-14
12-15
11-14
1
(quar.)
10c
12-13
12-
}i8c
12-15
11-15
,30c
12-
1
11-15
$1.25
12-
1
xl -15
6%
preferred
Common
$4
(quar.)
(year-end)
(quar.)
(quar.)
12-
12-
1
11-
15c
12-
8
11-24
Common
Sessions
Co.,
common
(irreg.)
(irreg.)
Bryant,
Lane-Wells
Extra
(quar.)
Inc. (quar.)
Co.
12-15
6214c
quar.)
(initial
,.
11-24
Class
5%
Modern
Modern
,,1-2
12-20
Mohawk
12-
1
11-14
Molsons
12-15
11-28
Monarch
12-15
11-26
Monroe
12-11
12- 4
Monsanto
17c
12- 2
11-15
..
50c
.
11-29
-
..
11-19
(quar.)
(quar.)
Mills
(quar.)
Chemical
(quar.)
$3.50
Co.,
Chemical Co.,
pfd. series A
Montreal
7%
common
Machine Tool
$75c
Monotype Machine—
quar.
Carpet
Ltd.
12-
$3.25
Co.,
Containers, Ltd., class A (quar.)—
Tool Works. Ltd. (quar.)
50c-
(accum.)
-
Utilities
preferred
5
12-20
1
1
11-20
11-20
pfd.
common
(quar.)
(quar.)—
(quar.)
common
Industry
Corporate
Bond
(quar.)
11-
5
5
11-25
11-
5
11-25
11-
5
11-25
11-
5
5
11-25
11-
11-25
11-
11-25
11-25
11-25
11-25;
5
,11-
5
11-
5
11-
,
5
,
11-5
11-
5
11-25;
11- ,5
13c
11-25"
11-
11-25,
.
50C
Newport News Shipbuilding
& Dry Dock Co.
Niagara Lower Arch Bridge Co., Ltd.
(quar.)
12-1.7
$1
Co.
12-15
50C
12-
12- 3
,11-28
:
1
U-15
12-10
J50C
11-30
'
12-10
$50c
Extra
5
11-26
12-10»
85c
(year-end)
Mining Corp. (year-end)
11-30
'
Norfolk
&
New
Railway
Western
Extra
(quar.)
12-X
$1
$50,C
U-15/
Co.—■
,r
quar.)
i.—•—
---—
•'»
North
12- 9
12-15
11-28
$25c
50c
87'/2c
12-20
12- 1
11-28
11-18
1-2-48
12-13
12- 1
12- 1
11-10
North
American
11-10
North
Penn
11-14
North
River
11-14
Northeastern
(liquidating
Co.
American
11-28
11-15
11-15
12-20
12-10
stock divi¬
; f
Electric
Potomac
100
shares
held
be
share
common
for
■
1-1.
t
each
North American common
fractional shares, cash
the
Potomac
of
Wisconsin Electric
and 21 shares of
of
at
Wisconsin
ot
proval
Cash
paid
of
share
of
lieu
(in
will
Power
11-20
>■
:
-
dend)
19'A shares of
Power, common stock,
ii-13
■12-10
.
ii-24
H:'i4
;.Cfi
75c
$1
(initial
common
12- 1
12- 1
1- 2
1-2-48
12-15
12-15
5
11-25
4c
Co
(J. J.)
Mfg.
Newmarket
12-16
3:12c'
11-
12c
Investment
Coast
12-16
$43c
11-25
!
25c
$1.25
$25c
tl2%c
50c
50c
11-
Stock
11-29
11-28
5
11-25
7c
Series
Special
11-29
12- 6
11-15
5
11-
8c
Nopco Chemical Co., 4% preferred A
Noranda
Mines
(interim)
11-30
5
11-25
18c
Fund
Shares
Preferred
Diversified
25c
$1.62%
(s-a)
Cottons, Ltd.,
preferred
20c
$1.25
5
11-
4c
Investment
l'Ac
common
B
Missouri
2
1-
(quar.)
Missouri-Kansas Pipe Line,
25c
———i
Increased
8
3
11-20
12-12
12-12
12- 8
12-15
12-15
50c
47c
quar.)
Corp.
25c
(quar.)
Langley's Ltd., 7% conv. pfd.
Lansing Stamping Co. (irreg.)
12-
25c
25c
preferred
11- 3
1
11-20
1
75c
(increased
Valley Canning Co., class
preferred
Mission
15c
Lamscn ,&
5%
1
Mining & Mfg. Co.—
preferred
Minnesota
12121212-
1111-
11-25
10c
Series
Special
Newmont
$1.25
$1.27'/2
$1.37'/2
$1.50
(quar.)
11-25
11-25
9c
Industry
Newberry
5
9c
Series
Industry Series
Special
(quar.)
11-20
11-
7c
Industry
Equipment
Special
Steel
preferred
11-25
11-25
5
10c
Railroad
preferred
12-10
12- 1
5
2c
Special
preferred
50c
80c
11-
6c
Series
prior
prior
(quar.)
5
11-25
6c
Railroad
prior
(quar.)
11-
18c
$1
3,20% convertible preferred ser. A
Minneapolis Gas Light Co. (Del.) —
11-25
7c
Special
Pacific
11-
5c
Series
Utility Industry Series
10-31
Co.—
11-
12c
^
12-
6-20
9-20
11-25
11-25
13c
Series
Special
Industry
Special
11-20
(quar.)
5c
8c
Series
Series
12-23
(quar.)
5
11c
Merchandising
Public
5
20c
Oil
12-
Series
Special
Metal
$1.50
Series
Series
Stock
Insurance
5%
Minnesota
Bond
12-
12-20
3-20
$40c
Machine
Extra
Lanston
5
25c
1-2-48
25c
4-2-48
25c
7-2-48
25c 10-2-48
t$1.75
(quar.)
&
'
Lane
5
11-
12-10
■
$2.50
11-
preferred
11-10
11-25
11-25,
prior
11-10
5
11-25
$1
1
5
11-
7c
12-10
12-
11-
11-25
9c
Industry
Series
Industry
12-26
11-29
5
11-25
6C
Series
Series
35c
3c
Inc., common
preferred
11-
3c
Special
25c
12-22
11-25
5
5
Diversified
$1.21%
$1.20
35o
5
10c
Industry
Government
4c
preferred
5
11-
11-
9-20
1st
11-
11-25
11-25
10-2-48
12-29
(quar.)
Kroger Company, common (irreg.)
Laclede-Christy Clay Products
:
Lake Shore Mines, Ltd. (quar.)____
Lake Superior District Power Co.—
Common
(quar.)
5%
preferred (quar.)
Lake of the Woods Milling, Ltd.—
-
11-15
35c
(s-a)
preferred
11-
11-25
26c
25c
$5.10
5%%
11-25
7c
Series
Equipment
Common
5%
10c
Series
Series
Special
11-29
11-18
7%
12-10*
11-24
11-10
11-14
5
12-15
11-18
11-24
11-
10c
1
11-14
75c
11-25
Diversified
12-
11-14
11-24
8c
6-20
12-11
1
12-
75c
Corp.—
5
7-2-48
12-11
11-22
11-
25c
50o
1
12-13
11-25
Common
25c
1
11-29
18c
12-15
50c
1212-
12-10
5c
Series
Industry
25c
Common
12-15
1-2-48
$1
Special
Tobacco
11-15
11-14
11-25
$1
I
5
3-20
11-15
1
11-
12-20
11-25
11-
11-
1-2-48
11-28
1
11-
4-2-48
15c
2
12-
11-25
25c
37'/2c
(S. H;)
& Co
Kroehler Mfg. Co., 4%% preferred A
.
12-17
$1.18%
Regulator
11-
11-25
25c
.Extra
Lakey
12-29
12- 1
25c 1-15-48
81%c
12- 1
(quar.)
Co
Minneapolis-Honeywell
1
4c
Common
3
12-
6c
11-28
$1
11-
25c
(non-voting)
Industry
Supply
11-15
1
1
Special
12-10
Kress
*
12-27
12-15
$1
(stock dividend)
series
1
12-
Electrical
1- 2
16c
King-Seeley Corp., common (increased.)
Kingston Products Corp. (s-a)
Kinney (G. R.) Co., common
5
12-
Inc.—
Industry
12-15
Hart,
12-
12-15
$3
Industry
Stock
$4
(quar.)
—
Special
5c
Kilburn
11-29
12-15
1-5-48
5C
2
2
(quar.)—
(year-end)
common
7
14c
Stocks,
Agricultural
Special
Food
Extra
Miller
York
121111111-
50c
Extra
11-20
1
3c
(quar.)
Midwest
Abrasive
11-14
11-
1
50c
stock
Participating
New
12-15
1-15-48
12- 1
12- 1
12- 1
12c
1-15-48
(irreg.)
common
(voting)
$1.75
Petroleum
class A
Co.,
Brake
stock
60c
15c
Mid-Continental
e'Ac
common
(quar.)
Manufacturing
12-19
$1.62'/2
common
11-14
1
50c
common
Shipbuilding
1
preferred (quar.)
Michigan Public Service (quar.)
11-15
11-15
12-30
Co.—
(quar.)
Corp.,
12-
15C
(accum.)
A
(s-a)
Rayon
Air
York
11-
4% %
1
1
12- 1
York
Founders
11-1
Metropolitan Edison Co., 3.90% pfd. (quar.)
Michigan Associated Telephone Corp.—
6%
preferred (quar.)
Michigan Consolidated Gas—
12-
12-
New
11-18*
(quar.)
12-15
$1.18%
Transportation
Corp.
Corp., $3.25 partic. pfd.
Thermit
25c
Extra
New
Merritt-Chapman & Scott Corp.—
preferred A
11-29
$3.50
Cordage,
preferred
12- 1
•
25c
(quar.)
1
12-13
11-29
25c
12-15
2
(s-a)—
Quarterly
6%%
12-15
12-12
50c
class
Co..
Mur
11-28
(accum.)
Miners
12-12
2
1-
Chemical
Telephone Co., 5% pfd.
Megowen-Educator Food Co.—
class
12-15
12-22
25c
New
12-15
$1
50c
$1.06'A
50c
62'/2c
1-2-48
20c
1-2-48
(quar.)
Meadvilie
50c
Corp
Bedford
$3
1-1-48
11-30
30c
12-15
12-
20c
(quar.)
$50'Ac
Ltd
Mines,
Metal Textile
1-5-48
2-
(quar.)
Brothers
(Herman)
Extra
t$1.00'/2
4
50c
60c
quar.)
(interim)
preferred
(increased)
Messenger
$1.25
common
Oil,
$2.50
Porcupine
4
12-
60c
Kalamazoo
1
12-
12-
$1.25
Battery Co.
Kayser
12-15
10c
Extra
Kansas
1
7%
Ltd.
pfd. (s-a)
preferred (quar.)
Year-end
Merchants
Jones & Laughlin Steel,
W.
1
12-
12-15
40c
(initial)
5%
preferred A (quar.)
Joy Manufacturing (increased
K.
12-
12-15
30c
(quar.)
Johnson
12-15
25c
(increased)
Engraving
Knitting Mills—
1-15-48
25c
(quar.)
Oilier
Jantzen
+
$7§c
93%c
(quar.)
Utilities Co
Fireman
Common
Mclntyre
McKesson
preferred
Iron
Corp.
Ltd.,
Co.,
McColl-Frontenac
12-15
$1
Foundation, Ltd.—
6%
convertible
preference
(quar.)
Iowa Public Service, common
(quar.)
Iowa
M.)
12-31
Investment
$3.75
(L.
30c
40c
1
Neisner
50c
McBrine
McClatchy Newspaper,
60c
Extra
10-31
150c
43%c
t50c
62%c
Extra
12-12
11-10*
1
$1.25
(interim)
Corp.
Gas
12-
1-10-48
22'4c
—
Jersey Zinc Co. (irreg.)
New Park Mining Co.
(irreg.)
Company
12-15
1-2-48
11-29
Bedford
Maytag
11-29
1-2-48
12-15
England Lime Co.,
preferred (irreg.)
11-24
1
15c
11-28
New
12-10
series
1947
5
11-24
12-15
(year-end)
common
(s-a)
New
preferred
12-15
$3.50
Co.,
preferred
11-15
11-15
11-15
$3.75
$1.75
12-
1-1-48
Cement
Nazareth
11-15
11-14
tl5c
11-28
7%
1
2
11-18;
1
12-15
12-
12-
2
12-
12-
75C
12-20
12-15
12- 1
12- 1
12- 1
12- 1
85c
12-
12-13
11-29
50c
75c
93%c
93%c
25c
12-13
12-
Class B
(quar.)
$2.50
$1.50
$1.12 >/2
25c
11-25
(quar.)
11-12
11-12
50c
Corp
12-10
preferred
1
1
25c
(quar.)
common
New
preferred
$1.50
Year-end
International
Co.,
11-25
$3.75
1212-
Terminals
12-10
$3.40
5®
11-19
Company
Nestle-Le
11-14
11-
National
11-29
11-14
5®
1
12-10
Natomas
12-15
1
5®
11-
12-
$1
Nelson
1
11-
50c
(quar.)
11-17
12-
$2
Corp.
Co
12- 1
12-
12-10
12-10
25c
(quar.)
com.
(quar.)
11-29
50c
Year-end
Co.
60c
(quar.)—
11-15
$1.25
Machinery
12- 5
12-15
$25c
Corp
Rubber
$25c
common
12-10
$1.12%
5c
(year-end)
Corp.
12-15
2
1-
7%
Extra
5
12-
12-31
11-21
Communica¬
(quar.)
7®
12-20
$1.75
Co.—
Insurance
Corp.,
preferred (quar.)
preferred
(quar.)
1-15
12- 1
(quar.)
9
11-
12'/2C
Service
Linen
National
t25c
Products
Accident
&
Quarterly
25c
May Department Stores,
Registered
Gypsum Co., $4.50
National-Standard
■
International
2nd
National
2%%
9
12-
|15c
11-14
2
12-
11-28
Canada-
of
1st
non-cum.
11-30
Corp
Ltd.
Electric
Mastic
non-cum.
3%
11-26
(quar.)
Massey-Harris,
t40c
International
Co.
(quar.)
6714 c
Corp.
t40c
Extra
5%
National
1-15-48
tl2'Ac
11-14
(interim)
ordinary
Mar-Tex Realization
Masonite
Ltd.—
& Chemical
11-25
11-29
12-5
1-20
1- 2
1
1-15-48
45c
(quar.)
National
1-
11-10.
$1.07
(quar.)
Products
11-25
t25c
$1.25
11-12
12-
for
Common
5%
I
11-25
1 '/a %
Convertible preferred
National Erie Corp.—
4'/2 %
12-
12-19
20c
share
a
12-18
35c
Marine
of
National
35c
12-31
Special
International
Dairy
11-28
(quar.)
International
(15/1000
preferred
Drug
(quar.)
quar.)
held)
12-10
Gardens, Ltd. (interim)
Marathon Corp., 5% preferred (quar.)
(quar.)__
com.
share
—
10-14
11-14
12-18
30c
(quar.)
(Del.)
Corp.
dividend
each
12-15
Leaf
30c
(accum.)
Cylinder Gas—
(cash dividend
25c
(initial)
common
Extra
Maple
Container
Common
30c
$1.06%
(quar.)
Co.,
$1
Preferred
7%
1
Publishing-
Co.
C.)
National
National
25c
Garden Corp.
Copper
(R.
preferred
$7
12-12
■
VStock and bond shares
International Business Machines
Co.,
preferred
preferred
pfd. (quar.)
Hosiery Mills, Ltd. (quar.)
Lead Co., 7% preferred A (quar.)
11-15
11-21
12-26
50c
(year-end)
Register
National
5
12-15
40c
(quar.)
12-15
12-
11-15
1
$1.75
common
(quar.)
Cash
National
9
12-
12-
15c
15c
t50c
25c
(s-a)
1214c
Square
12- 1
12-12
11-14
12-19
35c
$2.25
Co.
(increased)
Co.
Paper
Company
11-12
V2c
(quar.)
(year-end)
Inc.
1
12-15
1
12-
$1.50
(increased)
Fibres
Co.,
Casket
4'A%
1-2-48
40c
Biscuit
preferred
Stock
12-15
America—
Extra
11-
$1.50
88c
tl7V2c
$1.50
$3
Extra
Madison
Ltd.—
RR.
Automotive
National
11-29
1-2-48
50c
National
12-
12-
11-29
12-15
25c
50c
Co
National
12-20
11-21
11-25
11-29
12-15
25c
(quar.)
Corp.
Acme
National
$1.20
(quar.)
Consolidated
M.
preferred
11- 4'
11- 7
12-22
11-19
12-15
12-15
40c
of
Co.
National
11- 4*
12- 1
1-2-48
11-29
12-31
12- 8
11-14
37'/a C
(quar.)
A
Chemical
National
preferred
1st
Mackintosh-Hemphill
12-
$1.10
(year-end)
&
Trucks,
$1.50
Steel
convertible
12- 1
12- 1
—
(year-end)
(Mo.)
Co.
6%
& Abingdon
$1.50
(quar.)
-Special
(Md.)
(W. M.), Ltd.
(quar.)
Mfg. & Sales Co. (quar.)
&
J.
i^xcra
11-21
2-23
2-23
11- 1
$1.85
Nashville
&
$37140
(quar.)
Corp.
(accum.)
Taylor,
Louisville
(quar.)
Co.
Lumber
class
10-
Water
preferred
(monthly)
Long-Bell
J20c
preferred
(monthly)
(quar.)
B
Murphy (G. C.) Co. (quar.)
Murray Corp. of America
Muskegon Motor Specialties Co.—
Mutual
20c
$2
$2
$2
25c
(quar.)__
12-15
40c
class
Muskegon Piston Ring
4*
11-17?
11-14
30c
Manufacturing com.
11-14
1
8
20c
(s-a)
(s-a)
Participating
11-15
11-15
tl2'/2c
"B"
&
Joint
Common
9
"A"
3
12-
12-15
62 %c
Co., common
11-29
t25c
J25c
both
on
Common
$2
Brewing
participating preferred
7%
11-15
12-
30c
Extra
6%
3
30c
Muehlebach
$2
11-21
11-15
12-
30c
(s-a)
12- 1
12- 1
Ltd.—
Co.,
(quar.)
Extra
5
(quar.)
(quar.)
B
tl5c
partic.
Co.
Groceterias
11-15
11-14
11-14:
& Development—
Supply
50c
12-10
50c 3-10-48
$1.10 3-10-48
75c
12- 1
(quar.)
1
11-29
1*
11-285
11-30
lc
Fuel
Producers
Nash-Keivinaior
Special guaranteed
Original capital
12-
12-
RR.—
(quar.)
11-15
12-19
12-16
12-10
lc
25c
87 %c
(quar.)
common
(quar.)
guaranteed
11-15
12-20
Oil Mining
12-31
30c
(quar.)
(quar.)
30c
Loblaw
$1
(quar.)
preferred
Special
Link
11-17
11-17
12- 1»
12-17
common)
quar.)
Carbonic Corp.,
1
_
share of
12-19
25c
(resumed)
(cash dividend)
(a'a
(increased
Corporation
11-15
1
15c
50c
(quar.)___
dividend
Co.
30c
$1.75
(quar.)
common
12- 1
12- 1
12-17
37 %c
Stores,
Oil
Little
—
quar.
convertible
Inland
11-20
11-20
$1
preferred
11-10
3%
Indianapolis Water Co., class A
5%
5%
$1.25
Extra
Indiana
11-12
11-30
(interim)
Increased
1
11-30
37>/2c
Oil, Ltd. (s-a)
imperial Tobacco Co. of Canada. Ltd
imperial Varnish & Color Co., Ltd.—
$1.50
11- 1
11-12
12-
12140
(quar.)
imperial
,
12- 1
12- 1
$1.70
$1
(quar.)
11-15
$2
Extra
12-
,A% guaranteed (s-a)
Ittiperiai Chemical Industries, Ltd.—
^/ordinary
12-23
12'/2c
Huttig Sash & Door, 5% pfd. (quar.)
Hydraulic Press Mfg., 6% pfd. (quar.)
Hydraulic Pressed Brick, $6 pfd. (accum.)
Illinois
2
12-10
50c
preference
1-
Corp. (irreg.)
Myers Tobacco
1
10c
5c
&
12-
25c
Quarterly
Extra
Mountain
Savers
11-15
62'/a C
(quar.)
Corp.
Corp.
Mount Diablo
Mountain
314%
6
& Co.
Finance
12-23
Extra
5
P.)
Motor Wheel
12-23
$1
(quar.)
Motor
(J.
2
1
Inc.—
preferred
convertible
2
25c
Extra
preference
1
$2.50
2
Liquid
11-14
Bay
(quar.)
Moore-McCormack Lines,
1-
Extra
11-14
(extra)
Hudson
11-10
12-23
(increased).
preferred
Morgan
2
12-
12-
$1.25
preferred
12-16
t$1.50
(annual)
Handley Hardware, com.
5%
12-
12-16
20c
J30c
(annual)
1st
1-
Stock
11-20
37'/2c
(quar.)
common
11-20
11-15
11-3
11-10
11-15
12-31
5%
5c
Lionel
50c
Stores
Extra
12-22
11-10
Common
Moore
30c
Line Material Co.
11-10
12- 1
12- 1
Ltd.—
Refrigerating & Storage,
Extra
1
$1.25
12-15
Payable
Share
Name of Company
Montreal
B
Lion
(quar.)
Home (Joseph)
Co., 6% preferred
Houston Lighting & Power (quar.)
(quar.)_
Extra
Class
11-15
—
preferred
pfd.
conv.
Brothers, Ltd. (quar.)
Libby McNeill & Libby (year-end)
Liberty Loan Corp., class A
11-20
$1.0614
(N.
5 %
Extra
common
(quar.)
Co.
Co.,
Lewis
11-18
quar.)
class
non-cum.
Corp.
Electrochemical,
$4.25
5%
Electric
11-28
Extra
Honolulu
&
11-7
12- 1
Holdera
When
Per
Holder•
12- 1
12-15
$3
12-31
$1
12- 1
25c
12- 5
35c
12- 1
50c
12- 5
37V2c
12- 1
31'Ac
12- 1
J25c 1-31-48
25c
11-28
30c
1- 2
& Sons Co.
Coal
40c
(quar.)
common
preference
(quar.)
Manufacturing Co., class A
5%
(James)
Lehigh
Leland
Co.—
When
194?
Monday, November 24,
Payable of Rec.
$1
25c
Corp.,
(Chas.
Howell
Lees
CHRONICLE
$20c
$1
Extra
25c
Hotels
5%
1
Share
Candy Shops, Ltd. (quar.)
Portland Cement Co. (s-a)
Lawyers Title Insurance, 6% preferred (s-a)
Le Tourneau (R.
G.), Inc., $4 pfd. (quar.)_
Lee (H. D.)
Co., Inc. (quar.)
25c
convertible
Horn
1
Company
Secord
60c
Hilton
.Holt
11-21
t25c
Monthly
Monthly
Monthly
Hires
12-
12-15
87V2c
__
common
Hibbard-Spencer-Bartlett
4%
1
12-10
1-2-48
25c
(irreg.)
(quar.)
Co.,
12-12*
11-14
12-17
11-28
11-20
11-20
12- 1
Lawrence
30c
(quar.)
Heywood-Wakefield
Laura
25c
(quar.)
Per
11-15
12-15
25c
(quar.)
Paper
Hewitt-Robins,
(resumed)
Name of
Payable of Rec.
Share
Inc.
FINANCIAL
&
Holder %
When
Per
Name oj Company
v
Haves
COMMERCIAL
rate of $19.75
stock and
$17
stock).
(Subject to
the SEC.)
—
—
Refractories
Water
—
Co.
Co.,
25c
(quar.)
$4
15c
$1
(quar.)
Insurance
12-22
25c-
pfd.
(quar.)
$1
•
11-26
1-2-48
12-12
1-15-48
—
dividend
Railroad
per
per
ap¬
12-29
12-10
12-
3
12-10
11-20
12-
11-11
1
Volume
THE
Number 4649
166
Share
Special
472%
?
Public
preferred
Norwich
Pharmacal
Co.
4 %
Nu-Enamel
each
Oak
Corp.
share
One
Oil
Ohio
Ohio
Oils
Tube
participating preferred
Distillery, Inc
Poindexter
pfd. A
(quar.)
Common
(year-end)
Corp.
Ontario
&
Quebec Ry.
of
payment
African
South
Co.
(s-a)
Power
Co.
(initial quar.)
Outboard Marine & Mfg.
Paper,
(Pacific
Coast
non-cum
$4
Pacific
Finance
(Pacific
Mills
Corp.
(quar.)
Economic Corp
Pan-American Airways Corp.
Panhandle
Eastern
Common
(resumed)
(quar.)
Paramount
Parker
Pipe
Co.
Rig
Reel,
&
common
$5
25c
$1.12!/2
11-20
12- 1
12-15
Reynolds
&
Wilcox
$1.20
90c
60c
$1.25
$1
$3.75
$4
Telephone
com.
JPennroad
(quar.)
(quar.)
(irreg.)
Corp.
Pennsylvania Electric Co.—
3.10% preferred C (quar.)
4.40% preferred B (quar.)
Pennsylvania Exchange Bank (N. Y.) (s-a)_
Peoples Gas Light & Ccke Co
{Peoples Telephone Corp., common (quar.)__
4 72%
preferred
Perfex Corp., 472 7c preferred (quar.)
Perkins Machine & Gear, 77c pfd. (quar.)__
Peter Paul,
Inc
(quar.)
{Phelps Dodge Corp
__!
"
Extra
Philadelphia Bourse
Electric, common
$1 preferred
(quar.)
Philadelphia Suburban Transportation—
Quarterly
(Philadelphia
preferred (s-a)
Pittsburgh Coke & Chemical—
$5 preferred (quar.)
Pittsburgh & Lake Erie RR. Co. (irreg.)
Pittsburgh Plate Glass Co. (year-end)
Pittsburgh Steel Co.—
572% prior preferred 1st series (this pay¬
12- 1
11-20
12-
l
11-20
12- 1
11-17
12- 8
11-29
11-29
1- 2
1- 2
12- 1
11-15
12- 3
12- 3
1-1-48
(quar.)—
12-20
12- 5
4- 1
3-15
12-15
3-15
3- 5
11-20
12- 1
12- 1
12-19
1-15-48
12-15
12-1
12- 1
11-1
11- 1
12- 9
12-22
12- 0
11-22
11-21
12- 1
12-10
12- 1
12- 5
$110
40c
$1.3772
$2
$1
$1.1272
$1.75
30c
25c
25c
12- 5
11-20
11-19
11-20
11-15
11-15
12- 5
12-31
12-10
12-10
12-10
11-26
12-12
12-31
12-31
11-20
12- 1
12- 1
12- 1
class A preference
of Canada, Ltd., com. (interim)
6% 1st preferred (quar.)
6% non-cum. partic. preferred (quar.)—
Preferred Utilities Mfg. Corp.—
572% convertible preferred (quar.)
Prentice Hall, Inc., common (quar.)
'
11-15
Pressed
Trice
Metals of America,
12-15
12-12
11- 7
11-15
12-12
1-2-48
12-20
$1.50
12- 1
11-15
preferred
$1.25
$4
$1
12- 1
12-15
12-10
11-20*
11-24
11-17
12- 1
12-
9
Standard
Oil
11-25
11-10
Co.
of
California
Oil
Co.
of
Indiana
Oil
Co.
1-15
Standard
12-10
Standard
12-
1
11-10
3% %
preferred
1-
90c
40c
Remedial
$3.40
prefer)ed
preferred
Standard
Stoker
Seaboard
12- 5
$ 1.3772
12- 1
12- 1
Oil
Co.
Canadian
Ltd.,
B
Serve),
Inc.,
preferred
$4.E0
Dohme,
&
Common
(quar.)
A.) Pen
Shenango Valley Water, 5%
Class
B
Co.,
4%
preferred
Simon
(H.)
preferred
Steel
&
City
Gas
of
shares
Service Corp. of New Jersey—
preferred (quar.)
preferred (quar.)
$5 preferred (quar.)
■4% preferred (monthly)
——
$!-25
50c
12-15
12-15
12-15
12-15
11-14
11-14
11-14
11-14
1
11-15
40c
12-
1
11-J.5
1-2-48
11-5
12-10
11-21
Sylvanite
Gold
12-10
11-21
Syracuse
Transit
1.2-
1
11-
7
Talon,
12-
1
11-
7
Tampax,
Mines,
Ltd
$2c
Corp
75c
50c
Inc.
Extra
Taylor
Pearson & Carson,
(interim)
Ltd.
(Canada)
convertible
11-14
Telluride
Power,
12-
1
11-18
Texas
12-
1
11-18
preferred
12-31
11-10
12-10
11-10
1
11-14
12-
1
11-14
2nd
certificates
of
pfd.
Public
interest
Southeastern
Gas
Pacific
Coal
&
(s-a)
1
11-15
11-25
Texas
&
12-15
11-25
Texon
Oil
12-15
11-25
Textron,
12-10
11-18
1-2-48
12-17
preferred iquar.)L
Thermatomic Carbon, $5 preferred (s-a)
11-28
11-18
Thomaston
30c
11-25
11-17
11-25
11-15
Tide
Water
11-25
11-15
Tilo
Roofing
12-
1
11-20
Timken
12-
1
11-15
Tivoli
Brewing
Edison
Extra
$1.25
Pacific
&
Railway
Land
Inc.,
(quar.)
(T. L.)
Co.,
6%
pfd.
conv.
Corp.,
Co.
11-29
Toledo
12-10
11-29
Toronto
12-10
11-29
Greyhound
Lines
(quar.)
Southern Advance Bag & Paper—
Ltd.
pfd.
47a %
preferred
11-29
12-
1
11-17
Transue & Williams Steel Forging
Year-end
12-
1
11-17
Treesweet
11-29
11-15
Troy & Greenbush
t30c
12-
11-
12-
Products
Co.
Truax-Traer
New
California
Southern
Edison
Coal
4.32%
preferred
preferred
California
(initial
common
preferred
11-21
12-
1
11-17
Underwood
Corp.
1
11-17
Union
Asbestos &
Rubber Co.
12-17
11-12
Union
Bag & Paper Corp.
City Ninth
preferred
Unit,
Co.
of
1
1
12-24
11-20
11-10
Union
35c
12-10
11-10
United
Air
12-10
11-10
United
partic
1
10-31
United
Amusement
15c
11-30
11-22
11-30
11-22
12-15
11-14
12-15
11-14
12-19
11-19
12-19
11-19
United
Carbon
12-31
12-
United
11-30
11-17
11-28
11-14
12-
11-17
Southern
Gas
Increased
Life Insurance
11-20
1-15-48
12-19
3772C
12-12
12-
1
(Dallas)
—
75c
12-15
11-15
$1.25
12-15
11-15
20c
12-15
12-
20c
(irreg.)
quarterly
Southwestern
Quarterly
Service
1
$$1.50
Co., common (quar.)
preferred (quar.)
Electric
(quar.)
12-15
12-15
5
$3.75
35c
1-15-48
1-13
12-
7
1
11\1,0
1
12-1
II7J4
ll-SO'
12-
11-20
1
12-10
11-3,3
12-
$1.75
12-15
12-
6-15
6-
1
11,2.0
.$
>
12-10
11-^8
'
12-
1
11-
40c
12-
1
11-18
1
11-25
12-12
1-2-48
1J-15
11-24'
12-1*
preferred
Tank
Car
12- 9
12-
1
12-9
12-
1
,
933/4C
(quar.)
A
(quar.)
12-10
11-19
50c
Wire
Corp. (quar.)
Lines, 47a% preferred
(quar.)__
Class
B
1
11-J7
12-15
11-29
$1.1272
$1.25
12-
11-17
1
11-19
$50c
12- 1
11-28
11-14
$50c
5% conv. pfd. (quar.)
Corp., Ltd., class A (s-a)
11-28
11-11
11-14
$50c
United
Elastic
Electric
United
II-'4
10-31
12-10
11-28
12-10
11-28
12-10
11-14
12-10
11-24
2
12-1®
65c
12-20
12-20
11-21
Ilr2J
5873C
53c
50c
Extra
11-18
25c
B
11-29
75c
Ltd., class
Fastener Corp.
11-18
12-10
50c
(quar.)_
1
50c
United-Carr
Co.
11-14
12-
$25c
Extra
12- 1
50c
(quar.)J^
11-14
25c
60c
Co.
11-28
50c
Biscuit
11-28
$50c
(s-a)
Extra
United
I
12-
20c
Rope
12-
25c
Extra
12- 1
11-I&
12- 1
11-15
12- 1
11-15
$1.25
$1.25
$1.25
25c
10%
1-2-48
4-1-48
7-1-48
12-12
12-22
12-15
$3.50
11-26
11-15
2272c
12- 1
11-17
Fuel
Corp.
Coal
Cos
Investments, Ltd.—
6%
class A preferred
(quar.)
United Gas Improvement (s-a)
$75c
Extra
1%
Light & Railways—
prior preferred (monthly)
prior preferred (monthly)
prior preferred (monthly)
United Merchants & Manufacturers,
5%
preferred
(quar.)
6%
preferred (quar.)
preferred (quar.)
Common
(quar.)
United Molasses, Ltd.
(interim)
5%
Pacific
Insurance
U. S. Casualty Co.,
1-
Inc.—
5%
United
—
12-
6-!!*
50c
6.36%
Co
Railway
non-cum.
12-
11-20
$1.75
Corporations,
Ltd.—
5
177?c
(quar.)
Extra
United
(quar.)
preferred
Natural
Co.,
12-
3-l£
11-
,,
Aircraft Corp.,
12-
25c
Power
11-25
California—
12-
5
12-15
1
25c
Oil
12-
5
12-
30c
12-12
12-
4-1-48
This
Company
12-12
12-
5'
12-1,5
6-25-48
Inc.—
(accum.)
Tung-Sol Lamp Works, 80c preference.
payment clears all arrears
1-2-48
12-31
1-1-48
,5
11-25
30c
25c
(year-end)
12-
12-31
1
$1
12-12
Co.—
(quar.)
Canada
(s-a)
quar.)
11-21
377ac
(quar.)
Water
(2-
,
11-14
27c
Orginal
Southern
$2.5(J
12-
Co.—
11-19
Co.—
1-1-48
12-.12
12 7?c
(quar.)
12-12
11-17
31V4C
75c
Association
12-15
12-;
12
$1.75
RR.
12-15
$1.1272
12-1
12-31
Corp.—
Semi-annual
United
(quar.)
12-31
12-27
$1.06,«
(quar.)
(quar.)
12-10
1
li^la
$10c
j
Extra
5
1
25c
quar.)
(year-end)
474 7c
40c
convertible preferred A (quar.)
Soundview Pulp Co. (increased quar.)
South Bend Lathe Works (quar.)
$1.25
12-
12-1
$1.25
(increased
Co
Co.,
Elevators,
60c
Extra
11-19
25c
Oil
Bearing
75c
(quar.)
common
1
5Cc
(quar.)
31 TiC
(quar.)
12-1
12-
50c
10c
(quar.)___
11-15
12-15
$10c
12-10
Union
1
12-15
50c
Associated
Roller
Union
12-
$]
Quarterly
6%
11T1S
10c
(year-end)
convertible
Tudor
1
50c
Co
common
Mills
11-24
12-
772c
(quar.)
Oil
12-15
30c
12-15
8772C
(quar.)
1
$90
12-
70C
(quar.)
11-&4
—
quar.)
Extra
20c
common
12-15
50c
(Del.)
dividend
5c
& Sons,
11-15
11-JO
12-
10%
Co.
(increased
15c
Iron
&
1
12-15
90c
(year-end)
proprietary
Service
dividend
$3
A (s-a)
(irreg.)
12-
11-30
3c
(s-a)
Trust—
30c
pfd.
67e
7*
12-rl3
$1
Stock
12-
2
2V2C
Cash
75c
6%
Land
Certificates
1-15
12-10
1-2-48
11-1-4
10c
Pacific
Sub-share
11-
$1272C
(quar.)
Corp.
1
11-V*
11-28
1
—
Common
12-
12-
11-28
$25c
(quar.)
12-15
I2V2C
common
12-
30c
Inc.,
25c
preferred
Southern
J2
$J-75
12-
11-10
65c
(Alexander)
Southwestern
8%
77c
11-15
10c
11-30
200%
Southeastern
Public
1
(quar.)
Extra
quar.)
11-15
11-21
5 %
12-
&
11-25
$1.25
Common
6%
ll-j;4
377aC
Tool
12-15
share
each
Extra
4%
11-21
11-28
Co.
Swan-Finch Oil Corp., 67c pfd. (quar.)
4 7c
2nd
preferred
(quar.)
Swift International, Ltd. (quar.)
—
for
common
(initial
common
372%
Smith
11-25
5c
Die
Superior
Uarco
held
New
-
11-14
(quar.)
45c
Oil Co. (year-end)
Inc. (stock dividend)
Two
12-2!®
12-20
Co.
$1.10
quar.)
10-31
10c
Mining
$1.50
(quar.)
12-20
11-20
1-2-48
11-28
12-10
Electric—
&
(increased
preferred
$3.90
1-2-48
12-15
(quar.)
$$1.12 72
(extra)
8
25c
Co.
9772c
Co.
11-
11-10;
11-15
3
8
1
11-28
12-
11-
11-
12-
25c
(s-a)
1-2-48
3
1
11-15
Sunshine
Texas
11-28
12-
1
12-
Texas
12-17
12-24
12-
Oil
Texas
11-18
12-31
1-2-48
75c
Sun
1
1
1
11-15
57c
12-29
12-
12-
Co.,
11-15
1-16*
ll-2ft
5(0c
$75c
Screw
12-
2-1-48
12-20
1-10-48
1
11-15
12-13
12-10
12-11
12-
12-
11-29*
12-15
1- 9
1-
$1
II-15
12-20
2
12-26
(quar.)
12-
12-12
1
25c
Ltd., class A
Stratton & Terstegge (quar.)
Studebaker Corp.
1
11-20
107c
$1.50
Saw
Common
•
"
$$1.25
(quar.)_
11-19
(quar.)
20c
common
12-
12-10
12-10
Coke & Coal
Stonega
50c
Simpson's Ltd., 472 % preferred (quar.)
Singer Manufacturing Co. (quar.)
12- 1
12-31
11-15
11-17
1
11-12
preferred
$1
(quar.)
Sonotone
11-1jj
12-
2c
1
12-10
25c
dividend
prior
$1.25
(quar.)
Sons., Ltd.,
&
11-15
12- 1
3772C
Stock
57c
Camp, Inc.—
(cash dividend)
6272C
12- 1
8772c
(quar.)
1
12-
12-
25c
(s-a)
Quarterly
Extra
12- 1
1
12-
(Franklin) & Co. (see Franklin Simon)
Simonds
Sioux
Corp.
Extra
12-
12-15
12-15
57c
(quar.)
10c
common
Brewery
11-15
----
Stewart-Warner
1
2
10c 1-10-48
30c
(quar.)
(William)
Southern
—
12-18
50c
12- 1
..
11-17
$1.50
Strapping,
11-28
12-31
1-
.
15c
(quar.)
11-17
1-15-48
12-15
25c
1
tlOc
(quar.)
11-10
12-12
25c
22C
class A
12-10
25c
12-
Investment,
pfd. (quar.)
pfd. (quar.)
;
11-10
(quar.)
1-2-48
25c
Extra
Simon
Inc.
Sterling, Inc., 472 7c preferred
Sterling Motor Truck
t 3174c
—.
Signode Steel
5%
Stores,
11-15
$1.50
Extra
Simon
Bros.
f 19c
(quar.)
? '
11-14
$1
$1.1272
Co.
11-20
11-10
$15c
1
12-10
(quar.)
1
11-28
12-10
(quar.)
12-
12-15
25c
12-
12-15
(year-end)
Sterling Drug, Inc. (quar.)
Sterling Electric Motors, common
12-15
(quar.)
12-20
40c
20c
Extra
12-20
+
(W.
Socony-Vacuum Oil Co.
11-14
11-15
Inc
11-15
,.
1
Sterchi
Shawinigan Water & Power Co.—
Sheaffer
10-31
10-31
1-2-48
20c
(quar.)
Engineering
Co.
Telecom
(quar.)
12- 1
12- 1
12-
(year-end)
common
12-19
12-20
11-1®
12- 1
$25c
(quar.)
Smith
12-15
$0.1979
12-10
(quar.)
11-111
11-20
11- 5*
11- 5*
11-21
1-1-48
12-10
2
Extra
Steel
----
2
&
25c
A
1
I
1
20c
15c
class
Corp.,
Class
Sloss-Sheffield
11-20
11-20
11-
50c
(quar.)
1212-
$10c
dividend)
30c
Serriek
Corp.
11-20
12-1
12- 1
12-1
(A.)
15C
(cash
25c
Service
Seismograph
57o
Ltd.
Products
Stein
Participating
Corp.,
13%c
70c
75c
Steel
5
85c
preference
11-15
15%
9174C
International
partic.
4 7e
1
50c
5
—
Second
Sharp
Bros.,
I12-
(quar.)
Sloane-Blabon
12-19
12-19
Stedman
1-15
$5c
Co.
12-
50c
Supply Co.
12-15
Co.—
Delaware
of
&
11-14
12-
1272c
(extra)
dividend
50c
Roebuck
12-19
11-24
5
60c
Fuel
Stock
Associates,
Extra
11-14
11-14
$30c
t$l.50 1-15-48
$75c 1-15-48
State
Extra
12-28
12-
12-15
Co
15c
(quar.)
11-28
12-15
Quarterly
50c
Scythes & Co., Ltd., common
5%
preferred
(quar.)
11-28
8
Standard Wholesale Phosphate & Acid Wks.—
Corp.
50c
(quar.)
8
12-
933/4C
(quar.)
12-
12-15
(quar.)
Manufacturing
S3.65
Sears
A
common
Silica
$3.50
(quar.)
common
1-15
12-
$2
3772c
Jersey
Ohio,
Standard
75c
Co.,
Paper
New
of
12-10
11-26
Semi-annual
Scott
of
Co.
$2.50
Loan
2-2-48
25c
Oil
10c
Francisco
San
$1
40c
.
11-25
11-10
Extra
11-26
377aC
2
1
quar.)
1
12-15
12-12
(Del.)—
(quar.)
$1.1272
(resumed
Co.
12-
1-5-48
25c
(quar.)
12-15
12-17
25c
Paper
11-15
12-15
$3c
Extra
1-15
12-20
25c
Regis
12-10
40c
$1.1272
85c
2-2-48
Extra
St.
11-17
Quarterly
2-2-48
25c
preferred (quar.)
Sabine
Royalty Corp
Saco-Lowell Shops
(irreg.)
St. Joseph Lead Co.
(quar.)
Skelly
$1,067*
(quar.)
1-2-48
common
Skilsaw,
of
3%%' preferred
Dredging Corp., $1.60 pfd.
Forgings Corp. (quar.)
$50c
472 7c
11-14
.
(stock dividend)
l/20th of a
Indiana Gas & Water Co. for
each share held.
share
Standard
1272c
Extra
Common
,
(Jacob),
1
$1
Standard
Stowell
(s-a)
12-
$$1.25
9
Year-end
11-15
Public Service Co. of Indiana-
i
Ltd.
Signal Oil & Gas Co.,
t$2
Inc
Brothers, Ltd., 4% Dfd. (s-a)
Service Co. .of Colorado—
474 7c
Oil,
Royalite
(quar.)
$1.3772
40c
(qtiar.)_
com.
8
20c
(quar.)
11-15
25c
preferred
Public
preferred
Ltd.,
Co.,
12v2c
35c
of America
Co.
preferred
(Ky.) —
11-17
(quar.)
12-
30c
(quar.)
3772C
(quar.)
Power Corp.
$3
Common
50c
-
Extra
Potash
Theatre, Inc., $1.50
Royal Crown Bottling Co.
1
50c
12-
1772C
Roxy
preference
Chemical
3772C
quar.)
5
12-
—
07p
preferred
(quar.)
Standard-Coosa-Thatchev
$3.6272
Extra
12-
$1.37 72
11-15
8772c
1-2-48
25c
_
12-15
(quar.)
1-1-48
$1.1272
preferred
(quar.)
5% series A preferred (quar.)
57c prior preference (quar.)
Roos Brothers, Inc. (quar.)
Ross Industries Corp.
(increased
5c
Co
Co., Class B
(increased)
com.
preferred F (quar.)
Rockwood & Co., common (quar.)
25c
(quar.)_
Dividend
Mining
1
11-14
Electric—
&
11-12
11-12
11-21
11- 7
11-12
1- 2
12-19
$1.50
Gas
12- 1
25c
2%
(quar.)
Poor &
11-
1
25c
common
arrears)
Sherwin-Williams
12- 5
12- 2
>
Rochester
11-26
50c
5c
Polaris
1
12-
15c
preferred (initial)
Robinson, Little & Co., Ltd., class A (quar.)
11-25
12- 1
dividend)
12-
convertible
15c
convertible
4%7c
11-25
12- 5
$1.75
(cash
$1.60
1272C
participating preferred (quar.)
Robertshaw-Fulton Controls, com.
(initial)
Scovill
9272C
preferred (quar.)
Pittston Co. (initial)
Corp.
2
Standard
common
8
$1.50
11-15
Corp.—
30c
(quar.)
all
clears
ment
12-15
11-22
$1.3772
arrears)
1%
Co.
12-
& Seal
$1.1272
$1.50
11-22
6272C
Stock
$1.50
11-20
'
Oil
12-15
Cap
Common
5% preferred series A (initial)
Pittsburgh Youngstown & Ashtabula Ry.—
Materials
Standard
50c
12-
5378C
6%
Plastics
$3.50
1
Stokely Van
772%
15c
preferred (quar.)
Plymouth
Brands, common
preferred
(quar.)
1
12-
12-18
Pittsburgh Bessemer & Lake Erie RR.—
series A
Standard
12-
2
25c
(quar.)
12-
36 7>c
1-2-48
iOc
prior preferred
11-20
12-15
(Detroit)
8772C
(quar.)
20c
12- 1
917»c
12- 1
50c
11-28
75c
11-29
50c
12- 1
$1 1-15-48
Extra
572%
12-11
Standard
& Myers, Inc.—
participating preferred (accum.)
participating preferred (This pay¬
$1.50
11-24
25c
all
50c
1-
1
93c
Co.
Quarterly
25c
(quar.)
B
Brass,
11-15
Inc.—
A
Co.,
12-12
1
$1.25
1
25c
Extra
clears
$3.75 preferred (quar.)
Standard Accident Insurance
2
$40c
Extra
■Philadelphia Suburban Water, common
$3.65
preferred (quar.)
IPhillips-Jones Corp.
(Phillips Petroleum Co. (quar.)
(Pillsbury Mills, common (quar.)
$4 preferred
(quar.)
Pinchin Johnson & Co., Ltd.—
American deposit receipts
(interim)
Pitney Bowes, Inc., common (quar.)
ment
1
1-
12-
12-18
$1
30c
25c
(quar.)
Extra
preferred
12-
1
12-
12-15
40c
1-2-48
11-28
12-16
11-28
11-15
$1
common
12-15
12-
25c
50c
(s-a);
(s-a)
Extra
$1.25
12-15
1-2-48
12-19
12- 1
8772c
80c
(quar.)
Extra
(Chas.),
11-30
$1.25
11-24
50c
Company
Brewing Co.
10-17
12-15
$1
75c
(The)
11-25
47c
25c
2Pfaudler
1
11-28
$1.18%
common
Fund,
Corp.
11-
12-15
11- 5
50c
-
preferred
Oil
11-29
11-25
12-10
50c
(quar
Extra
Common
(quar.)
J.) Tobacco, 3.607c pfd. (quar.)
(R.
1
Robbins
50c
25c
40c
Co.,
Inc.,
&
12-
11-30
11-15
11- 3
11-15
11- 3
11- 3
11- 3
11-17
12- 1
5c
Corp
Extra
(peninsular
6
12-10
12-10
12-1
11-25
12- 1
12-22
12-22
12-22
12- 1
12-15
$20c
12-15
135c
12-15
$0.2083 1-12-48
$1 1-12-48
Co
Products
Metal
Peninsular
11-
30c
Manufacturing Co.,
preferred (quar.)
472 7c
1
12-15
40c
pfd.
(quar.)
common
Rand,
Copper
Rheem
12-
1-1-48
25c
Mills, Ltd.—
preferred (quar.)
Petroleum
12- 1
12-10
1-2-48
6
50c
(quar.)
Co.,
preferred
preferred
Revere
11-
2V2c
pfd. A
4%%>
Investors
11-21
1
$25c
(quar.)
$4.50
preferred
(quar.)
Republic Insurance Co. (Texas)
Republic
6 7«
12-
H older f
Payable of Rec.
40c
Telephone
& Bros,
Sparks-Withington, 6% conv. pfd. (quar.)_
Spear & Co., $5.50 1st preferred (quar.)
$5.50 2nd preferred (quar.)
Spencer Kellogg & Sons (quar.)
Spiegel, Inc., 47a% preferred (quar.)
Springer Sturgeon Gold Mines (initial)
Squibb (E. R.) & Sons, common
$1
preferred (quar.)
Staley 1A. E.) Mfg. Co., common (quar.)
112'/2C
(quar.)
convertible preferred (quar.)
Republic
15c
(quar.)
Stow
Mfg.
Remington
6 7e
11-17
70c
Company
Knitting
Ruppert
Ltd.—
1
preferred (quar.)
IPeabody Coal Co., new prior preferred
6%
preferred (accum.)
47t%
11- 8
11- 1
Fair
372 7c
1
$1.50
(quar.)
preferred
$2
Company (quar.)
Co., 4% non-cum. 1st
$1.G0 non-cum.
57c
77<»
3727c
11-18
11-29
12- 1
1®C
Common
IPfizer
11-29
$20c
(Paton Manufacturing Co.,
Pfeiffer
12-12
12-12
12- 1
12-20
$1.0674
preferred
Interim
$3
12- 5
12-23
12-23
12-20
12-31
6272c
(quar.)
Pato Consolidated Gold Dredging, Ltd.—
iPeck
12-15
25c
(quar.)
(quar.)
Year-end
$4.25
Reed-Prentice Corp.
75c
$1
50c
50c
Rust-Proof Co
Parkersburg
11- 6
11-15
Line Co.—
(quar.)
Pictures
Pen
12- 1
12- 1
50c
preferred
Parker
$1.12]/2
$5.25
35c
75c
$1
25c
(quar.)
Palestine
4%
Red Owl Stores,
Inc.,
Reading
Regent
12-
G.)
When
share
53
Service—
(increased quar.)
(A.
57c
(irreg.)
Co.
$5 preferred (quar.)
Co., common (resumed)——
partic. 1st preferred (irreg.)
non-cum. partic. 2nd pfd.
(resumed).
$5
11-12
(Pittsburgh)
Reliance
11-17
35c
Ray-O-Vac
Richfield
(year-end)
preferred (quar.)
Oxford
12-15
(Minn.)-—
Common
$3.60
Rayonier,
12-10
Orpheum Building Co
Oswego Falls Corp., 472%> pfd.
Tail
11-15
12-13
12-20
11-12
tax
Oregon-American Lumber
Otter
12- 1
12-25
1-2-48
12-15
Co., Ltd. (increased) —
four shillings or 74c after
O-O'Kiep Copper
A
12- 1
11-26
10-27
$1
t$3
Inc., common
Industries, Inc., 4%
12-15
1-2-48
12- 1
25c
75c
20c
$1
(irreg.)
Co.
20c
t25c
t$1.75
Reading
1
$1.25
(quar.)
(irreg.)
Quaker Oats Co., 67o preferred (quar.)
Quaker State Oil Refining (year-end)
Quebec Power Co.
(quar.)
Rand Service Stores, Ltd. (irreg.)
75c
(quar.)
12-
50c
preferred
Common
Public
Southwestern States
Spalding
25c
(quar.)
Fund
(George)
15c
River
Oliver
1
11-28
1-1-48
60c
(quar.)
common
convertible
Rand's
Co., 472% preferred (quar.)—
Sand, 7% preferred (accum.) __
Seamless
Olin
12-
Co.—
common
(s-a)
& Industries,
75c
Old
Corp.
55c
40c
$1.25
25c
iquar.)__
common
preferred
preferred—
Extra
57c
_
Power
Ohio
Co.,
Putnam
for
Corp.
(quar.)
Co.,
convertible
$5
Extra
Oil
Pure
11-28
12-31
30c
$1.25
6 7c
15c
Bakeries
Purity
—
(quar.)
Telephone
preferred
Leather
Ohio
Oil
11-10
11-10
12- 1
12- 1
12-31
$1.75
preferred (quar.)
preferred (quar.)
75c
Associated
$2.20
$5
Southwestern
Extra
12-15
Manufacturing Co.
Ohio
15c
held
Ogilvie Flour Mills, Ltd.,
7%
preferred (quar.)
Ohio
Puget Sound Pulp & Timber,
$$1.50
$33c
Nu-Enamel
shares
10
11-15
11-17
Per
Name of Company
Payable of Rec.
Public Service Electric & Gas—
12- 1
12-10
(2145)
Holderi
When
Share
11-10
11-10
7 7c
dividend)
(stock
of
Company
11-25
11-25
Ltd.—
Light & Power,
preference (quar.)
preferred
(initial)
67©
-
(quar.)
Scotia
Nova
Name of
Payable of Rec.
40c
20c
Service—
(quar.)
CHRONICLE
FINANCIAL
Per
$1.1272
Bancorporation
Northwestern
&
Holdera
When
Per
Name of Company
Northwest
COMMERCIAL
(quar.)
45c conv. preferred (s-a)
3-15
6-15
12-
I
11- 8
54
(2146)
THE
Per
Name of
U.
S.
Share
preferred
(clears
preferred
(quar.)
I'm
$4
convertible
S.
all
arrears)
$114.25
50c
Gypsum Co.,
12-23
12-
12-23
12-
5
1%
12-31
12- 8
date
$1
preferred
S.
12-24
12- 8
notes
$1.75
U.
(quar.)
1- 2
12- 8
Hoffman
12- 1
50c 1-30-48
$1.50
12-15
50c 1-30-48
Leather Co., common
(initial)
partic. non-cum. class A (irreg.)
Participating
-
U. S.
-
22%C
Lithograph, com.
6 VU
U.
Co.,
®214c
(quar.)
--
S.
Special
Stockyards
United
—
(increased)
Corp.
Consolidated
Universal
Oil
(irreg.)
Co
Insurance
Pictures,
4V4 %
Universal
Products
Co.
B
preferred
Utica
Knitting
(quar.)
Co.,
Skelly Oil Co.
Costs,
$1
Interest,
Net
$5
& Seashore
2-2-48
5-1-48
its
1-15
4-15
8-2-48
7-15
12-15
12- 5
Coal
Products,
Japanese
the
of
rifle
In
and
12-15
12-
11-14
12-12
11-15
outboard
12-15
11-15
Board,
5
U.
S.
11-20
12-
1
11-15
12-
1
11-15
12-
1
11-17
owned
12-
1
11-14*
the
12-
1
11-14*
to
Following
of
1
1
11-24*
acquisition of
together with
1
11-24*
Production
12-
1
11-14
12-12
12- 2
trolling
12-12
12-
initial
2
12- 1
11-15
12-11
11-28
12-15
11-24
11-24
trailer
$7
12-
11-15
1
the
Whitaker
2-
1
of
2-15
2-
1
products.
5
of
$1.25
12-
Paper Co.
the
taking
12-18
11-14
Revenue
11-10
liabilities
1
11-10
In
11-10
motors
12-
12-
95c
1
1
11-10
and
D.
board.
The
11-15
system
11-29
used
25c
12-
1
11-17
$1.06'A
1-
1
12-15
Co.,
preferred
(quar.)
preferred (quar.)
Wisconsin
Wool
Combing Corp.
Increa ei
(F.
Mfg.
Co.
12-
1
11-5
12-
1
11-17
Co.,
25c
12-
11-29
1
11-15
Microsol
4
11-20
1-10
12-24
operated
11-10
are
12-
12- 8
1
11-
3
12-
1
convertible
convertible
convertible
1
11-15
12- 1
11-15
He
1-2-48
11-24
25c
12-
25c
(quar.)
(quar.)
orders
12-
of
Less
1
11-20
1
11-14
income
tax.
'Transfer
tPayable
resident
a
Less
books
not
in U. S.
closed
shares
2-1-48
1-24
4-20
1-20
7-20
$1
12-15
11-19
1-2-48
11-19
1- 5
12-20
in Canadian funds, tax
15%; resident tax 7%.
British
income
tax..
of
at
day
Canadian non-residents'
deductible
sizes
integral
or
the
with
at
j
lhl.
Iil„
in
dash¬
used
to
The
Lift-O-Matic
larger motor
the
lowering
is
500
the
its
initial
two
order
for
day
an
and
and
months.
for
50,000
months
especially
to
the
in
place
and
unit
they
substantial
constructed
Silver
of
Creek
all
advised
orders
the
the
with
the
tax.
source.
Noa»
I i,
u.._i
L
of
the
with
hollow
a
Precision
Microsol
it.
Corp.
machines
that
company
they
The
company
is
extent of such
issued
for
168,000
$3.25
outstanding.
On
changed to 300,000
2,000 shares
shares
company
share
per
in
had
of
sold
to
and
the
also
arranging
of
such
Jan.
stock
public
issued
stock
18,
shares
common
common
authorizd
an
common
and
an
financing.
of
capital
par),
($5
40
stock
par)
were
cents).
aggregate
shares
all
company's
common
stock
(par
12,000
($5
1946,
as
of
a
In
70,000
finder's
On
May 8, 1947, the
to 500,000 shares (par 40 cents).
Schmitt, President, had advanced
obviate the necessity .of subordinating
authorized capital stock was increased
Prior to Dec. 31, 1946, Lawrence
company $30,000.
In order to
this
obligation to the proposed loan of RFC to the
company, Lawrence
agreed on May 22, 1947, to accept in satisfaction of
said
obligation, 15,000 shares of common stock computed at rate
Schmitt
share.
of
As
result
a
of
all
of
the
foregoing
transactions,
presently issued and outstanding 265,000 shares of
40
cents).
When
are
this
financing is completed
and
common
all
the
$2
there
stock
shares
issued, the capitalization
per
are
(par
being
will consist of 414,850 shares of
(par 40 cents), all of which w.ill be issued and out¬
standing and 85,150 shares of authorized but unissued shares of com¬
mon stock, of which
29,985 shares will be reserved for the exercise of
stock
warrants.
STOCK
the
W.
C.
.
.
,
.
...,•...
WARRANTS—Directors have the right to issue
evidencing the right to subscribe for one or more shares of
stock
upon
such
terms
and
conditions
of
Proposed
$20,000,000—New Pre¬
the
as
may
preferred
according
California
with
the
San
P.
stock
to
U.
an
Com¬
Francisco' regional
statement
covering
preferred
stock.
cumulative
be
of
determined
of
To
meet
at
competitive
be
in
company
the
the
for
company
and
early
in
partial
commenting
into
market,
cumulative
this
at
the
on
revised
consideration
stock
it
preferred
time
on
financing:
prevailing
condi¬
our
opinion that
is
stock
of
the
favorable
more
Edison
terms
larger amount originally asked for."
electric demands in the the
territory it
first
nine
months
construction
the
in
by
proposed
price
to
the
its
on
expended
of
marketed
than
used
the
The
bidding
loans.
preferred
increased
$35,000,009
was
bank
be
President,
"taking
$20,000,000
can
will
that
utility
company
the
issue
current
the
company
the
the
stated
166,
Southern
Electric
totaled
of
1947
program.
period
same
the
on
serves,,
expended
An
approximately
$13,171,00frequency change
additional
company's
1896.
p.
Colorado
of
output
2,597,000
corresponding
this
kwh.,
week
Power
last
Co.—Weekly Output—
for
company
the
compared
as
year,
week
with
increase
an
ended
Nov.
2,317,000
of
15,
kwh.
12.1%.—V.
1947,
for
166,
the
1998.
p.
Southern Pacific Co.—Declares $1 Dividend—
The
$1
directors
share
per
record
and
Dec.
the
A
Sept. 22,
Nov.
on
on
1.
last,
(Inci.
and
separately
declared
20
capital
similar
OF
quarter
quarterly
Dec.
made
during
solely
controlled
22
dividend
of
holders
of
to
March
on
24,
June
16
1946.
SYSTEM
affiliated
1947—Month—1946
$
Railway
Railway
usual
payable
was
TRANSPORTATION
operated
Period End. Sept. 30—
the
stock,
distribution
in each
EARNINGS
companies)
1947—9 Mos.—1946
$
$
$
..
oper.
revenues,
44,692.399
40,726,114
389,419,248
364,627,678
oper.
expenses,
35,144.994
34,920,829 292,087,660
317,693,328
Net
be
from
rev.
ry. oper.
9,547,405
97,331,588
579,783
47,158,646
2,810,867
2,070,015
16,021,521
16,023,996
3,107.321
3,155,487
34,151,421
28,099,486
•541,231
657,158
7,607,026
6,669,948
3,648,552
accruals
5,805.285
4-,589.571.
1.850,513
tax
3,812,645
41,758,447
34,769,436
Equip, and joint facility
rents
(net)
Net
ry.
Other
income-
oper.
income
Total
income
Miscell.
deductions
46,934,350
65,302
Contingent
480,876
612,567
1,621,453
14,825,602
17,458,403
charges
Net. income
Transp.
■^Net
48,987
1,582,273
Fixed charges
of
564
S.
P.
System
income
of
controlled
2,000,977
2,142,204
26,451,969
16,697,901
3,625
188,046
2,145.346
§1,370,112
Cr71,017
Crl74,805
solely
affil.
cos._
tConsol.
adjustment
:iConsol.
adjustment
Consol.
net
Excludingto
846,727 Crl,573,249
Dr91,000
deter¬
income-S.
bonds
income
leceived
of
P.
of
S.
2,075,619
Dr76,000
29,353,042
R.R.
solely
P.
Co.
of
2,505,056
Mexico.
controlled
16,825,038
tRepresenting
affiliated
Transportation
System.
from
companies
interest
on
credited
not
^Representing
dividends
solely controlled affiliated companies included
in
net
income of S. P.
Transportation System but not
charged against income
by paying companies.
§Net loss.—V. 166,
p. 1996'.
Southwestern Investment Co.
(Texas)
Preferred
Stock Offered—The First
Trust Co. of Lincoln, Neb. on
Noy. 8 offered at par 15,000 shares of 5% cumulative
dividend sinking fund preferred stock
(par $20).
Common Stock
Offered—Schneider, Bernet & Hick¬
man, Dallas, Texas and associates on Nov. 8 offered
21,499 shares of common stock (no
—
par) at $15 per share.
on
the
5%
cumulative dividend sinking
fund preferred
payable, quarterly on or about March 1, June
1, Sept. 1, and
Dividends
stock
Dec.
are
1.
Redeemable
dividend
date
at
$21
30
upon
share
per
days'
plus
notice.
accrued
Whenever
dividend sinking fund preferred stock is
sinjjing fund ths redemption price shall
retired
be
dividends
this
by
$20.50
accrued
dividends.
Transfer agents for
preferred:
Dallas, Texas and The First
Transfer
for
agent
,
PURPOSE—The
net
and
may
of
the
be
any
the
of
share
plus
Bank at Dallas,
Lincoln, Nebraska.
National
Mercantile
(estimated
on
cumulative
per
Bank
$586,235)
company.
for the
used
The
at
National
...
proceeds
the- company
5%
operation
National
Company
Mercantile
common:
increase the working capital of
capital, of
Mercantile
Trust
common:
Dallas;. Tex;as.. Registrar, for
Dallas, Dallas, Texas.
.
will
be
additional
purchase
of
Dallas,
Bank
■
.
at
,
used
to
working
receivables
the making of loans in the ordinary course of its
financing activl-
ties^fnay be advanced to
subsidiaries
in
credit limits
.
PURCHASE
common
will
Mullendore,
issue
an
these
Hession
to make any representations as to the
the time when such orders will be delivered.
to
$20,000,000
rate
repayment
Com¬
development
of
electric
for the Microsol machine.
and
have
paid.
1096.
p.
is
the
designed
complete
motors
with
cooperating
of
program,
tions
in
is
and
day
per
per
of
was
166,
Co.—Reduces
with
company also' filed Nov.
18
the
SEC
a
registration
Proceeds
motors
tooling
motors
quarterly
amount
December.
auto¬
the
are
developed
a
like
share.—V.
with
engine.
the
the
next
18
on'
the
of
fractional
on
car
with
these
Nov.
cents
share
Oct.
of
dividend
part,
connection
company
of
within
actively
proooses
them
to
services
warrants
I;..,
T)?e
office
offering
tax
horsepower
a
of
its proposed
cumulative
$40,000,000 to $20,000,000,
filed
12»/2
per
outstanding, both
Sept. 15, last, dividends'
5. On
Edison
of
cents
30, last, the company filed its
original application,
with the Commission for
permission to issue and sell at competitive
bidding a new issue of cumulative preferred stock
amounting
to
$40,000,000.
Railway
which
approximately
record Dec.
25
stock
Federal
windows
the
and
The
4.000
against
several
electric
1946,
at
for
common
*
for this dividend.
Funds, less 15%
On
other
income
advantage
in
whereas
engineered
especially engineered
fully enclosed motor.
was
February,
fee
^
tPayable
as
exchanged
11-14
20c
Jamaica
mission.
its other products.
on
of
from
connection
systems.
been
capital was
(par 40 cents), and the
11-14
$1
30%
the
window
connection
are
for
by
which
11-29
—
the
its
an
lowering
both
seats,
excess
has
Microsol
or
offered
x
in
in
running
per
its
on
dividend
of
common
reduced
from
program
application
manufacture
of
are
Corp.
of
extra
an
dividend
value
$40,000,000
has
company
advantage
fractional
to
the
CAPITALIZATION—Company originally
$10,000, consisting of 2,000 shares of
of
11-29
Extra
& Coke
The
financing
an
convertibles.
Corp.
in
authorized
37V2C 1-31-48
37'/2C 4-30-48
37J/2c 7-31-48
(quar.)
(quar.)
Youngstown Sheet & Tube Co
Zeigler Coal
for
than
and
at
sizes,
and
modern
are
engineering,
products, thus
reduce
to
is
available
svstem
shipping
for
a
prepared
10c
25c
preferred
preferred
preferred
being
Hession
11-15
12-
Co.—
6%
two
principally
1,000
various
12-
50c
(quar.)
6%
the
these
provisions
Products
raising
of
the Trico
on
Corp.
of
motors
10c
6%
to
was
motors
it
button
a
windows
of
corporation
shart,
$2.50
Extra
its
for
attention
motors
presently unable
tWm.), Jr. Co. (monthly)
(Rudolph)
Co
Cab
such
that
power
currently
These motors
3%
(quar.)____
its
rather than
able
declared
par
California
from
amended
certain
The
manufacture
Wurlitzer
Common
for
Precision
exceed
11-15
50c
Wyandotte Worsted Co.
to
11-17
50c
Ltd.
tops
is
1
12-
Ltd.—
t.s-a)
Mines,
to
production of
12-17
J50c
common
for
steel
motors.
1-15
25c
Canada,
the
unamortized
demand
Trico
of
are
used
has started
1-31-48
SIVic
& Co., Ltd.—
registered (s-a)
Wright-H"rgreaves
Yellow
expected
12-15
(quar.)
preferred
prior
Wrigley
11-25
$1.12Vz
Extra
5 %
12-
W.)
preference
Worn mho
production
$40c
(F.W.)
Woolworth
ultimate
11-17
90c
quar.
Woolworth
6%
of
11-17
pany
system
Lift-O-Matic
being used
11-24
$1.50
Co
such
with
$1
a
approximately $45,000.
which
for
vacuum
is
Creek
12-31
1
of
discontinued
the
manner,
concluded
motors
the
of
Silver
12-31
25c
common
Light, iVz-% pfd. (quar.)
Woodall Industries, Inc., common (quar.)—
5%
convertible preferred
(quar.)
Woods Manufacturing Co., Ltd. (quar.)
Governor
raising
now
12- 4
$1.12V2
(quar.)
Power &
Woodward
of
pressing
the
the
$50c
3.60%
6%
this
expanded
motor
applied
as
in
$1
preferred
in
has
C.
motor
t$2.50
(interim.)
(s-a)
Power
off
of
and Doubles
the
and
demand
directed
it
lines
company
wrote
$150,000 to
products
the
by
1
4J/2%
and
such
on
the
that
mobiles
12-10
Electric
concluded
directors
regular quarterly
to
ferred Issue Filed with SEC—
program,
1946
supplies
which
of
11-25
12-
Co.,
products
11-10
12-13
on
entailed
a
Southern
stock.
seasonal
company
1
12-26
and
the
shares
were
satisfactory.
February, 1946, of
in
J
$61 143
was
common
the
12- 9
20c
Wiscon in
the
scarce,
mind,
present
Lift-O-Matic
25c
Wisconsin
its
of
part
available
their
Willson
(year-end)
Co., com.
of
after
and
horsepower
Wilkes-Barre
preferred
in
was,
the
for
supplement
Co.
sale
18,
and
program.—V.
embarked
This
items
capital
11-14
$10
intends
patents
construction
a
early
12- 1
smaller
Electric
the
t$1.12V2
12-
motors
The company
company's engineers developed
11-20
non-cum.
of
seasonable
1946,
off
concentrate
some
management
11-20
5%
the
for
and
this
and
of
12-24
Winnipeg
became
to
from
12-24
Wilson-Jones
start
working
of
Nov.
195,000
it
patents
outboard
the other
production.
company to concentrate on such lines rather
In the Spring of 1947 the
35c
Other
regard.
the company
11-24
$1.25
electric
under
12-10
1-15
when
this
50c
(irreg.)
pro¬
commercial
potential
a
machine.
the
sell
in
during
these
fallen
products
Act
view
the
this
development expense incurred
advantage of
the
loss
carryback
1
*20c 1-31-48
(quar.)
the
hitches, bumper brackets and
Company does not intend
and
12-15
87V2c
Lace
Mfg
Products,
Inc
Wilson & Co., common
$4.25 preferred
(quar.)
3,775
$53,429
7,716
1724.-
p.
share
the
driven
by
quantity
substantial
"Silvertrol."
and
the
the management
other
1212-
and
to
part
motor
With
25c
Co.
Motor
On
use.
hostilities,
additional
had
company
its
1-2-48
$1.50
25c
Extra
for
approved
to
development
and
tooling
up
for
production
of
horsepower motors.
In view of
the expanded demand for
of
25c
White
for
peacetime
trailers
latter
integral part,
tooling
(year-end)
Navy
ordnance
entirely
type
2-15
12-12
and
response
production
75c
Products
and
development, tooling and experimentation.
mainly in the manufacture of the company's
centered
motors
$1.25
$2
inventories
obtained
During
this
(quar.)__
166,
per
engineering
was
motors
trolling
12-15
of
to
approximately $182,000 from
$1.50
50c
$50c
pfd.
New
embark¬
electrically
before
represents
except
of
name
cessation
market
Company
25c
Chlorine
the
items
manufacture
reconversion
12-
Tablet
Westvaco
under
the
12-
Co.—
4Vs%
$57,20i
•
following
undertook
of
that
trailer
11-
Western
Weyerhaeuser Timber Co.
to
11-22
fractional
Ltd.
exist
to
relate
of these
any
sold
are
believed
is
license others to
almost
(George),
war
other
and
occurred
motors
presently negotiating with others
11-26
Weston
in
from
Army
and
company
believes
is
75c
(quar.)
fuses
the
hostilities
of
outboard
company
25c
Ltd., common
Instrument
the
the
developed
trolling motor for outboard
$1.25
(quar.)
for
development
to
11-17
Paper,
1944,
were
Company
electric
the
program
Extra
of
bomb
the
11-12
1
preferred B
in
11-25
12-
Electrical
late
motors
11-25
$1
107[607
44^49j
.
Soss Manufacturing: Co.—Declares
Extra
Quarterly Dividend Rate—
Registrar,
Consequently, the com¬
incorporation to the end
manufacture
12V2c
Railway of Alabama
& Stationery
preferred (quar.)
Westinghouse Air Brake (year-end)
Westingnouse Electric Corp.. common
date
parts,
Board
cessation
manufacture
12-16
3.80%
the
gun
Such
demand
75c
Weston
the
of
prevented
was
production.
12-15
Inc.—
5vv
share
per
incorporated
was
outbreak
company
from
were
started.
of
by
25c
Westminster
the
electric
Western
A
expenses
loss
the
ready to begin manufacturing this line.
Although approximately
8,000 of these units have been sold and substantial inquiries
received,
the lack of adequate working capital has restricted
larger production.
The company
owns
patent rights for a
cereal cutter
which
cuts
grain and screens it in three different sizes at one time.
A
sub¬
Western
preferred
war,
Engineer
was
12-15
Western
3V2'',
activities,
motors.
but
1947
$94 903
operations
Financing
the
of
the
peacetime
beginning
Army
1-5-48
5
30,
,
is
?50c
Western
Because
of
machine
addition,
which
Auto Supply Co.
(quar.)
Condensing Co
Maryland Railway—
7%
1st
preferred
(accum.)
Western Pacific RR., common (quar.)
5% preferred A quar.)
$6.60
Precision Corp.—Common Stock
55c
Extra
$13.70
materiel.
12- 1
12-
SEPT.
II"I"
Net loss for period
$6,484,106
$3.07
BUSINESS—Corporation
1941.
of
20c
(s-a)
$3,014,909 $13,448,167
New York.
incorporation,
principal
933Ac
(s-a)
Coke (irreg.)
&
Ltd.
(N. Y.)
$1.50
RR.
312,007
1,646,800
$5.93
program
pany's
11-20
(quar.)_
special guaranteed
Virginia
Westeel
27,
upon
75c
Jersey
6Vt
Oct.
on
12-15
Extra
West
York
closely
ing
1
sh
AND
11-20
75c
preferred (quar.)
Disinfecting Co., com. (initial quar.)—
(initial quar.)
Indies Sugar (increased s-a)
West
11-20
stantial
Co.,
ENDED
^
$8,442,913
297,861
4,030,600
agent, United States Corporation Co., New York.
12-
1
102,398
765,400
$5,827,016
Midland Trust Co.,
production
(quar.)
preferred
West
12-
12-20
25c
preferred (quar.)
Engineering Co
Wentworth Mfg. Co. (quar.)
Snowdrift
$3,882,707 $17,776,628
98,315
981,348.6 shares outstanding.—V. 166, p. 1724.
HISTORY
$1.13
$6
$5
12- 1
Transfer
Marine
11-21
Wellman
&
Net
$8,286,758
156,155
Corp. is offering at $2
149,850 shares of common stock (par 400).
12-15
(quar.)
(quar.)
Washington Water Power Co.—
Oil
MONTHS
pt sales
Loslrfrom
3,357,500
1,471,300
taxes.
com.
on
37V2C
preferred
Wesson
9,367
charges..
Silver Creek
duction
(quar.)
common
3,744,000
Offered—First Colony
1
Worts-
preferred (quar.)
Warren (Northam)
Corp.—
West
1
per
•"'•'Based
50c
Corp.,
38,769,644
5,353,937
$3,821,829 $17,705,602
60,878
7L026
$7,387,264
_
income
$1
$4.50
t
NINE
approximately $230,~
to working
capital.
Other;;income
(net)__
income
$1
33/4
income
etc.,
for
Prov.
20c
40c
preference
Cost
—V.
t37V2c
Petroleum
1,249,500
$7,396,631
40c
(quar.)
convertible
INCOME,
Sales, less returns
resumed
on
this
issue
by the payment
cents, the first since Sept. 16, 1946 when a
Disbursements last year totaled
37V2 cents per
Extra
$3
OF
at
amount
12-22
11-18
11-14
1-2-48
12- 1
12- 2
t31'Ac
$1.25
37V2c
37V2c
37'/2c
quar.
Warren
55,2.96,444
6,521,707
1,851,368.
estimated
are
payable Dec. 15 to holders
40c
common
proceeds
11-29
•-
Co.,
net
Company expects to apply the entire
12- 9
Vogt Manufacturing Corp
Wa.gree.i Co., com. (quar.)
D.)
pro
every
can¬
Total
*Earns.
$1.7o
,.referred (quar.)
6 >,
preferred (quar.)
Visking Corp., class A (quar.)
(S.
operative
for
Other expense
11-14
Warren
14,782,267
2,343,279
1,258,000
income
years
Company has agreed
shares, First Colony Corp. shall have the
15,000 warrants and an additional
right to purchase
10 shares of stock sold.
This right shall be
rata.
warrant
12-30
75c
three
right to purchase
one
12-30
.
the 30th'
connection
expire
notification.
1-1-48
.
warrants
in
warrant.
per
1-1-48
12-
Pictures
of
The
after
year
will
11- 3
$1.60
ov,
one
warrants
12- 1
30c
Brothers
letter
share.
per
notification
these
Selling and administrative
20,450,552
Net oper.
Other
12- 1
Warner
These
c6nt
$2
of
11-14
12-
Mills
1
at
beginning
letter
11-28
11-15
Wamsutta
the
at
of
stock
period
the
11-15
12- 1
Increased
of
warrants
sale
the
1
12-15
&
1947—9 Mos.—1946
gen.
expenses
11-10
12-10
iHiram)
the
on
filing
of
the
STATEMENT
1947—3 Mos.—1946
Deplet. and deprec.
rentals and lease
t9c
Walker
payments
pub.ic
the
Upon
1%
(& Subs.)—Earnings-
cellations
25c
(quar.)
Gooderham
interest
sell
to
credit.
$31,439,095 $21,704,964 $83,267,753 $55,767,839
and
oper.
common
filing of
offering.
12-12
$1
Corporation (increased quar.)
Manufacturing, LtcK (quar.)
Vick Chemical Co. (quar.) J
Virginia Coal & Iron Co.—V
Virginia Dare, Ltd., 5% pfd\ (quar.)
Virginia Electric & Power, $5 pfd. (quar.)__
Virginian Railway, 6% preferred (quar.)
preferred
of
Exploratory casts, delay
Viceroy
/t
one-quarter
this
date
the
4
income
oper.
11-21
Verney
4
with
from
original $10,000,000
and
of
following
12- 1
(quar.)__
(quar.)
principal
share
one
be exercised during
day
of
fee
the
to
stock,
PURPOSE—The
Period End. Sept. 30—-
11-25
„
5% prior preferred (quar.)
Rualte Co., Inc. (year-end)
Vanadium-Alloys Steel
Vapoi Car Heating Co.—■
"i'm
preferred (quar.)
B
of
Company intends to issue at this time up
entitling the holders thereof to purchase 29,985
each warrant
evidencing the right to sub¬
common
750
56(40
Van
C.ass
scribe
discretion.
warrants
cf
may
1896.
11-21
11-18
11- 7
11- 7
11-15
12-
commitment
29,985
X2VzO
—
common
A
their
$1.06V4
$1.20
preferred (quar.)_
(year-end)
Upper Canada Mines, Ltd. (interim)
Uppei Michigan Power & Light—
*
5 %
preferred A (quar.) ——
4S
1957.
unused portion
guarantees
p
1- 5
25c
Universal
Universal
Oil
166,
12- 8
12-1
12-10
12-10
12- 5
56*/4C
$1.25
75c
40c
$1.25
Spring & Bumper,
Union
Gross
11-15
11-15
1
I"1"48
-$1
$2
common
preferred
4V2% pfd. (quar.)_
St,eel Corp., common (increased quar.)
S.
U.
(quar.)
preferred
1st
12-16
12- 1
12-
$2
-
Rubber
S.
8%
1-2-48
50c
(quar.)—
Extra
to
000.
12- 3
12-16
Sept. 15,
paid on any
be
loan.—V.
12-17
12-16
1-2-48
-
Printing"&
S.
1-2-48
50c
(increased
Extra
U.
1-15
11-15
1-15
62V2C
50c
preferred (s-a)
quar.)
U. S. Playing Card Co. (quar.)
4'/a%
Lines,
Common
due
ment
Monday, November 24, 1947
in
shares
banks agree to accept an equal
principal amount of term
2'/8%, payable beginning March 15, 1950, with the final pay¬
at
Shell
$1.06'/4
S.
$4
the
will
Machinery Corp.—
participating preferred (quar.)
4V4%
Corporation and
(Continued from page 16)
50c
(quar.)
common
CHRONICLE
Investmenl News
5
35c
Extra
U.
5
12-15
12-15
Guarantee Co
S.
12-
1-2-48
Special
U.
12-19
1-2-48
$1
(quar.)
FINANCIAL
mined
General
Payable of Rec.
$1.75
preferred
&
Holders
Finishing Co.—
I'm
U.
Company
When
COMMERCIAL
company
tories,
or
und£l. the
and
the
of
.
may
the
its
be
or
invested
regular course" of
company,
subsidiaries
used
to
to
through
retire
company's lines of
in
subsidiaries
their
expand
the
businesses,
the
for .use
to
by such
increase the
business
development
short-term
credit.
general
of
borrowings
new
from
of
the
terri¬
banks
Volume 166
Number 4649
THE
CAPITALIZATION, GIVING EFFECT
TO
PRESENT FINANCING
Authorized
4%
subordinated debs., due Nov. 1, 1950
Preferred
STATEMENT
Outstanding
$5,732,500
650,000
Unsecured notes
•
$700,000
$1
cum.
cum.
convert.
5%
cum.
div.
Common stock
div.
(no par)—
12,500 shs.
($20 par)
10,617 shs.
12,500 shs.
OP
EARNINGS,
12,500 shs.
YEARS
ENDED
AUG.
31
$262,817
$281,535
128,483
for
50,436
33,120
31,029
62,308'
33,339
18,992
Operating
Fed.
366,771
223,901
144,132
Net
65,500
36,070
30,253
47,000
inc. taxes
income
Divs.
ree'd
Total net
Co.'s
$48,382
$36,320
30,000
40,000
in
$119,904
$88,382
$43,320
$59,528
undis¬
subsidiary
Net
90,293
HISTORY
AND
Reserve
dated
Western Reserve
Investment
In
two
Palo
The
$125,577
$80,617
Mortgage
Aug.
30,
1930,
Investment
Co.
organized
was
April
Co. on
corporate
and
in Texas
1930.
name
June
on
10,
under
charter
By
changed
was
to
to Southwestern
1933,
6,
$59,528
to
being engaged in the financing business, the company
owned subsidiaries, Associated Adjustment Co.
and
Insurance Co., each of which is incorporated in Texas.
nature
from dealers
of
on
the
is that of, (a) purchasing
discount basis, notes and conditional sales contracts
a
business
company's
secured
by purchase money liens on automobiles, refrigerators, stoves,
household furniture and other household appliances, and commercial
industrial
and
articles
plan,
equipment,
premiums
insurance
and
equipment acquired by such dealers on
Making personal loans direct to the public
the
time
tional
automobiles
on
security
and
on
an
unsecured
basis.
(c)
Refor other finance companies and dealers notes and condi¬
sales
contracts
secured
liens
by
automobiles,
on
etc.
(d)
Advancing
funds to automobile, household appliance, industrial
dealers on short-term notes secured by automobiles,
Purchasing of accounts receivable on an assignment basis with
and
miscellaneous
etc.
(e)
and
without notice to the debtors, and the making of loans against assigned
accounts receivable,
(f) FHA modernization loans.
UNDERWRITERS—The
respective
number
of
of
names
shares
of
5%
(b)
the
5%
several
cumulative
preferred stock and common stock,
from the company, are as follows:
(a)
severally
purchasers
dividend
the
and
sinking
fund
be purchased by
to
The
First
dividend
R.
Earl
and
166,
Trust
of
Co.
O'Kcefe,
Farris
C.
fund
Federal
income
248,000
96,833
excess
State income
Net
—V.
S.
Lincoln,
Wayne
Neb
15,000 shs.
J.
B.
SEC
for
60,003
share.
a
Inc.;
Nov.
10,749 shs.
shares
14
($1
Underwriters,
and
Herbert
Proceeds
will
be
S.
Mishawaka,
Inc.,
filed
used
class
par)
to
letter
a
Harrison
Wolff
$369,030
A
&
of
Co.,
business
organize
be
to
common
Austin,
Securities
with
notification
Inc.;
offered
Ferron
the
at
$38
share,
per
3
p.m.
Dec. 5,
on
Proceeds
with
from
volume
in
capital
funds
of
the
additional
opinion
ol'
existing
of
of South Bend, Ind.
and for working capital.
—
counsel
stock
common
the
for
the
company,
offered
now
v/ill
not
laws
Bank
&
Trust
Co.,
working
recent
desirable
on
years
that
so
of
the
insurance
the
PURPOSE—Net
proceeds
will
amount
used
to
plant
a
tional
be
Punxsutawney,
at
money
from
not
funds
the
under
connection
in
tax
such
consummated,
funds
and
used
Registrar,
for
the
the
Chem¬
by
the
the
If
corporate
shares
33,766
be
for
purposes
Addi¬
company.
per
Company
1851.
and
its
Authorized
pfd.
♦By
ized
stock
stock
amendment,
With
and
effective
each
the
of
subsequent
shares
AND
premium
to
obtain
to
additional
its
write
strengthen
the
to
to
(700,000 shares of $10 par,
Outstanding
4,565 shs.
Aug.
changed
was
31,
1947
into
the
author¬
from
shares
The
14,434
$650,937
$540,932
income
Total
29,
which
lit
AND
1899,
BUSINESS—Company
and
time
July
on
15,
1915
incorporated
was
incorporated
was
in
in
of
shares
Federal
for
Premium
Net
Canada,
the
at
Aug.
stocks
of
its
capital
cents
These
according
to
material
is
mixture
baked
is
in
the
also
owns
respective
both
carbon
such
extruded
or
coal
oil
or
carbon
fired
products.
through
baked
binder
the
into
steps
the
tar
50%
31,
of
the
of
are
authorized and
1947
all
of
the
except
the
Number
—V.
basic
raw
general,
In
paid
of
so
in¬
resultant
and
then
processed
is
of
graphite products
above, but graphite must be
temperatures greatly exceeding
the end use of the products,
baking.
Depending upon
gnd largely due fo the length of time required in baking, the carbon
production cycle requires varying periods up (o 45 days, while the
graphitizing cycle may add an additional 30 days.
The company's products may be divided into three broad
categories:
electrodes, brushes and specialties.
These products, are manufactured
in a large number of shapes arid sizes and
possess varied physical
properties,
UNDERWRITERS—The
number
•
of
spectively,
shares
frqm
of
trie
of
names
the
stock
common
company
and
several
to
be
from
underwriters,
purchased
the
selling
bv
and
the
them,
are
No. of Shs. Purchased from
Company
Lee
Higginson
Corp.
Miller
&
Co.
Kidder,
Peabody & Co
Whipple & Co
Blyth & Co., Inc
to
Gross
issued
and
Merrill
underwriters
stock
which
Coffin
&
Burr, Inc
&
Co
1.50
Estabrook
First
&
.50
Exps.,
Nolan
E.
Hasten
fiz
Co.
—
_
Fauset, Steele & Co
Grubbs, Scott
John Small
&
Co.
Co
.
&
Lee
Freres
G.
&
$5.03
$4.18
2,593,361
1947—9 Mos.—1946"
1947—3 Mos.—1946
$329,940
$320,334
$960,056
4,415
4,346
13,927
11,159
$324,680
$973,983
$837,505
255,525
252,110
772,123
617,647
26,771
74,166
81,314
$49,804
sales
$45,799
$127,694
$138,544
$826,346
of
accessories
incl.
depreciation
Fed.
taxes
on
Net
Net
profit
profit,
share
per
NOTE—Above
1947
of
—V.
166,
excess
$0.22
statements
profits
do
taxes
$0.20
reflect
not
of
prior
years
$0.56
refund
in
the
$0.61
received
amount
in
May
$32,246.
of
376.
p.
Telephone Bond & Share Co.—$1.95 Dividend—
directors
share
Nov.
the
Nov.
on
the
on
record
7%
28.
same
17
authorized payment of a dividend of $1.95
preferred stock, payable Dec. 15 to holders
a
total of $4 per share for the year
in 1946.—V. 166, p. 994.
first
This
makes
paid
as
Tennessee Corp.—Extra Distribution of 25 Cents—
The
directors
have
declared
the
usual
quarterly dividend of 25
payable Dec. 18, and an extra dividend of 25 cents
payable Jan. 9, 1948, both to stockholders of record Dec.
3, 1947. Including the dividend payable Dec. 18, total payments this
year will amount to $1.50 per share, compared with $1 paid in 1946.
cents
share,
per
share,
per
—V.
166,
1259.
p.
Tennessee Odin Insurance Co., Knoxville, Tenn.—Files
with SEC—
&
.75
Co
Staats
&
.75
.50
3.50
Co._
.75
5.00
Co
.75
Inc
.75
2.50
Anthony
Walker
Watling,
and
J.
for
Nov.
on
shares
15,300
C.
Bradford
business
filed
12
(no
Underwriters,
&
Co.,
letter
a
capital
pari
Elder,
Nashville,
expansion.—V.
of
notification
stock
Wheeler
&
to
be
Co.,
Tenn.
with
offered
at
Proceeds
will
the
$9.25
Chattanooga,
Tenn.
&
&
Co.—
Co
Lerchen
&
1.50
1.50
Co.-_
.75
5.00
2.50
1.50
164,
be
used
2736.
p.
Texas Co.—Unit Borrows from Banks—
1.50
Co.,
company
for
share.
.75
Co
Brothers
H.
The
a
.75
White, Weld & Co
Whiting, Weeks & Stubbs-
.50
5.00
Corp
1828.
p.
.75
Co.
Scranton
R.
Tucker,
Higginson
166,
Co.__
of
Smithers & Co
Stroud
2.50
& Co
&
W.
S.
Tifft
.50
Kinsley & Adams
Lazard
—V.
Chas.
William
5.00
Weeks
On
Oct.
22
Overseas
Tankship Corp. of
which
50%
is
owned
by the
Texas
Co.
and
50%
by Standard Oil
Co.
of
California, borrowed
$2,500,000 from the Bankers Trust Co., New York, N. Y„ and
$2,500,000
from
the
both
loans
Continental
$500,000
Oil
Co.
of
by
National
Bank
notes,
payable
2%
beginning Oct.
California
the
purchase
Illinois
evidenced
each,
of
ment
22,
1953.
The
&
Trust
in
Co.
of Chicago,
instalments of
five
Texas
Co.
and
Standard
if at any time a default occurs in the pay¬
interest on the notes each severally will
agree
principal
or
undivided
one-half interest in the note for a
purchase
the unpaid principal and 50% of the accrued interest.
reveals that in November 33 promissory notes to¬
taling $2,525,920 were given to the United States Maritime Commission,
and on Nov. 1 there were $8,169,095
outstanding. The new notes rep¬
resent the unpaid purchase price of the S. S. Kernstown and the S.
S.
Hubbardton delivered to the company by the Maritime Commission.—
an
price of 50%
The
V.
Texas
166,
Standard Brands Inc. (& Subs.)—Earnings—
operating
Net
of
Co.
also
1620.
p.
Thomas Steel Co.—Earnings—
the
United
9
States)
1947—9 Mos.—1946
$
s
72,071,640
from
62,855,921
219,535,168
185,910,345
48,441,808
174,651,080
140,870,765
11,761,339
10,675,042
$
37,396,852
Months
Net
32,136,841
2,285,157
201,125
3,739,071
7,487,236
1,866,756
income
2,486,282
4,305,620
9,353,992
15,147,696
charges
206,916
489,344
1,405,490
Gross
Prov.
for
Fed.
Federal
Net
Divs.
735,400
1,435,000
2,570,000
2,381,277
5,378,502
602,482
1,812,216
8,821,486
1,754,547
pfd.
on
577,500
450,000
♦Earns,
192,500
per
♦After
589,873
t
1,587,263
1,269,811
4,761,790
3,800,432
$0.30
$0.68
$1.51
$2.57
stock
dividends
com.
share
allowance for preferred
outstanding Sept. 30,
accounts
dividends
1947 and 1946).
before arriving at net
income
1,159,047
taxes
871,500
Common
shares
Earnings
per
440,400
$1,421,935
$718,647
338,300
outstanding
share
336,140
common
EARNINGS
FOR
$4.04
THE
QUARTER
ENDED
$1.94
SEPT.
30
1947
sales
Net
profit
1946
$2,679,206
per
p.
166,
common
$2,510,491
379,966
Earnings
329,979
$1.07
$0.91
share
GO.
income
Thompson Products, Inc.—To Pay Two Com. Divs.—
The
the
directors
no
on
in
for
3,174,527
cost
the
of
shares
goods
period.
declared
17
common
able
Jan.
15
to
holders
common
share, the
same as
The
record
dividends
Jan.
paid
of
Dec.
15
share
on
2,
this
1948.
year
Dec.
1,
corporation has purchased from Fuhremann Canning Co. its
Berlin and Appleton, Wis., plants, Herbert F. Krimendahl, Executive
Vice-President, announced on Nov. 18.
The two plants are equipped to can
peas, beets, corn and carrots,
lines which Stokely-Van Camp, Inc., requires to meet the increased
demand for these products.
Fuhremann Canning Co., established 47
years ago, is presently being
operated by the son of the founder,
and many of those now associated with that
company are expected
to join
the Stokely-Van Camp, Inc. organization.—V.
166, p. 1620,
will
share on
of
record
stock, pay¬
the Dec. 15
to
the 4%
cumulative
$2
per
1947 —V.
166,
15
holders
to
of
rec¬
1525.
p.
(& Subs.)—Earnings—
Oct. 4, '47
Oct. 5, '46
$6,579,963
profit
Provision
after
for
taxes,
799.580
$782,938
$0.98
and
1,960,970
1,178,032
$450,630
bonuses
$6,763,516
1,250,210
charges
$1.69
contingencies
Net profit after taxes
fEarnings per common share
♦Including gross
tBased
company.
V.
same
amount
on
-Sales
Net
per
holders
in 1946.
40 Weeks Ended—
The
$1.25
to
the
Including
quarterly dividend of $1 per share
stock was also declared, payable Dec.
Tilo Roofing Co., Inc.
Stokely-Van Camp, Inc.—Acquires Two Plants—
per
usual
preferred
ord
of
dividend
a
stock, payable
1, and a further dividend of $1
and
tDec.
Nov.
on
value
par
Dec.
payment,
(based
tlncluded
16, 194G, dividend on $4.50 cumulative preferred stock not declared
because of likelihood of prior redemption of such stock.—V.
166, p. 764.
.
1946
$6,330,544
4,96'5,000
1,543,965
.income
Common
other
1947
2,293,435
profit
—V.
1,341,210
income
taxes
Net
30—
charges
2,244,957
oper
income
Income
Sept.
$9,055,284
after
12,902,739
566,549
Ended
sales
Profit
58,025,144
sales
Profit
in
1947—3 Mos.—1946
Cost of goods sold
Sell., advertising, admin.
and general expenses-
Sun Chemical Corp.
9 Months Ended
income
on
from
462,126
finance
shares
of
fees
of
common
subsidiary finance
outstanding.—
stock
166, p. 860.
Other
Other
2,532
3.468
Provision
2,532
1,689
2,311
Preferred
$1,624,207
287,294
244,675
$2,167,912
Water Associated Oil
Co.—Stockholders to Vote
Retiring Stock—New Debenture Issue to
Privately—
$1,868,882
The stockholders
will vote Dec.
8
Be Placed
on
521,743
286,999
approving the purchase, at $25
share, blocks of company's common stock aggregating 1,923,447
shares, and in connection therewith issue and sell $50,000,000 of its
debentures, in order to permit such purchase without depletion of
649,500
656,098
company's
$996,669
,
3,468
3.468
1946
8,090
3,468
1947
$1,880,618
income
4,623
Tide
(& Subs.)—Earnings—
on
Sept.30—
Operating profit
per
Gross
income
deductions
for
Federal
taxes
The
Net
profit
shares
1,266
_
stock—
29,026
&
for
SEC
California-
Northwest
F.
.50
5.00
2,532
—
com.
$267,167
has
2.50
Murch
Pacific
1.50
Goldman, Sachs & Co
H.
Co.
Putnam
.75
Inc
Granbery, Marache & Lord
Harriman, Ripley & Co.,
.
__
Sept. 30charges
on
income
1.50
Beane
Rauscher, Pierce & Co., Inc.
William H. Rybeck & Co._
M. A. Schapiro & Co., Inc.
2.50
Southwest Co
Polger,
&
Pacific
.50
Robert Garrett & Sons
Lynch,
Maynard
.75
Co
& Co
Pierce,
The Milwaukee
2.50
Cooley
and
each
Legg
Fenner
5.00
Shelby Cullom Davis & Co.
Percy O. Dorr & Co., Inc.
.
Inc.
and
21,930
$340,631
$334,355
supplies
out¬
qualifying
Per¬
2.50
2,532
_
stock—
centage
.75
F. Boynton & Co., Inc.
Clark, Dodge & Co
3,377
Dempsey-Tegeler & Co.
Johnson, Lane, Space & Co.,
Maynard H. Murch & Co.
com.
3,019,136
service
profit
1947,
follows:
Mackubin,
13.25
H.
5,910
—
Ames, Emerich & Co., Inc
A.
Stockholder
12,714
Jackson & Curtis
Paine, Webber,
Neergaard,
&
$289,097
.
re-
stockholder,
follows:
as
$353,234
12,602
stock
1096.
Period End.
Earned
outlined
at
30,000
3,250
preferred
on
223,478
1
vehicles
166, p.
The
Per¬
this
certain
The
shapes,
Material
manufacture
graphite
the
272,327
30,000
accrued:
Earns, per share on class "A"
PRESENT
directors'
principal
unsubscribed
as
centage
13.257c
The First Boston Corp
of
differentiated
with
pitch.
desired
furnaces.
The
electric, furnaces
in
coal
as
and
taxes
1,643
$542,576
retired
Earns, available for class "A"
per
subsidiaries
names
percentages
tDepreciation
general
classifications
may
be
of processing.
Petroleum coke is
a
molded
gas,
as
initial
Company
substantially all the company's output.
ground to a flour and mixed
identical
further
1937.
treated,
including
classified
is
two
methods
for
material
gredients,
in
Speer Resistor Corp.
manufactures and sells
bonds
profit
Prov.
except 5,393 shares (5.4%) of the capital stock of New
Fire Insurance Co., such minority interests being carried at
in the consolidated balance sheet at Aug. 31, 1947.
UNDERWRITING—The
Delaware
Pennsylvania
stock-of
company
products.
organized
income
contingencies
on
Dividends
18,023,310
severally agreed to purchase,
Other
it
Ltd.,
capital
The
7,874
State
&
Reserve
share
47Va
and
new
relinquished its Delaware charter.
Company has
two
wholly owned subsidiaries, International Graphite & Electrode
Corp. (N. Y.i, organized in 1930, and International Graphite Corp.
of
4,516
$658,0)1
income
Net
HISTORY
May
—
$7,000,000
owned
company
standing
150,000
shares
two
35,719
Total
of
be outstanding)
Surplus
s
260,966 shs.
300,000
26,812
on
relationship
SURPLUS, GIVING EFFECT TO
Period End. Sept. 30—
stock.
common
will
51,423
inccme
34,868
5,565
company
in
continue
may
55,968
84,896
51,667
expenses
Financing costs amortized
Employees' profit-sha ring plan
may
7,500 shs.
increased
was
advisable
the
growth
the
CAPITAL STOCK
general
300,000 shs.
par)
par)
stock
common
shares
($100
(no
than
general
29,587
four
(Including subsidiaries
cum.
and
provide
exception of the year 1866, it has paid dividends
on
its capital
stock in each of the last 9G years.
Total admitted
assets of the Group for the 12 months ended
Aug. 31, 1947, amounted
to $61,398,599 and net premiums written were
$38,572,133.
CAPfTALIZATION, GIVING EFFECT TO FINANCING
♦Common
other
and
1946
$814,693
62,205
99,388
Represented
determine.
*7%
1947
purcnase
directors
as
30—
29,555
new
subsidiaries are
known as the Springfield
by more than 10,000 insurance agencies in the
United
States, Alaska, Hawaii and Canada, the Springfield Group
has facilities for the writing of every standard form of
fire, allied
lines, inland marine and casualty insurance policies.
The
company
was
organized in 1849 and has been continuously in business since
Group.
supplied
the
to
are
$500,000
will be
proposed
added
of
and
$403,043,
purchase
purchase
will
proceeds
other
such
leased
now
company.
net
the
the
part
complete
of
of
sale
approximately
in
Pa.,
to
necessary
the' general
the
to
finance
it
used
TelAutograph Corp.—Earnings—
will
rapid
capital funds to the volume of premiums written.
company is currently paying quarterly dividends
share or at the annual rate of $1.90 per share.
Inc.
from
slock
to
The
company
business
stock
new
capital.
has made
be
$720,383
share of
one
The
Hornblower
expected
the basis of
the
share.
a
its
of
York.
New
common
is
subject
their
ical
of
of
holders
be
to the Pennsylvania personal property
ownership of such shares.
Transfer Ag°nt, Chase National Bank, New York.
with
$602,945
with
bonds
1947.
sale
$5
Davis,
R.
all
—
the
80,342
Corp. and
Kidder, Peabody & Co. head a nationwide group of in¬
vestment banking firms which is underwriting the offer¬
ing to stockholders.
The subscription period expires at
Ind.—Files
Speer Carbon Co.
Stock Offered
Lee-Higginson
Corp. and Paine, Webber, Jackson & Curtis on Nov. 18
offered 80,000 shares of common stock (no par) at $14
per share.
Of the 80,000 shares offered, 33,766 shares
are
to be sold by the company, and 46,234 are to be
sold by a shareholder.
In
$213,739
Sept.
maintenance
Profit
Bacon,
shares
51,273
18,327
stock for each 2% shares of common stock held of record
at 10.30 a.m. on Oct. 6, 1947.
The First Boston
the
on
Interest
1828.
p.
$152,725
company
Taxes
Other
Bourland
with SEC—
The
199,655
966,118
Springfield Fire & Marine Insurance Co.—Offering to
Stockholders—First Boston and Kidder, Peabody Head
Underwriters—Company offered Nov. 19 to its stock¬
holders a new issue of 200,000 shares ($10 par) capital
10,750 shs.
^
O'Keefe,
Power,
28,317
income
166,
196,558
578,562
tax
taxes
Capital stock
Oden
Motive
taxes—
notification
$943,772
Administrative
England
Steam
Ended
6,229
prof,
of
tolls
351,972,729
of
stock:
preferred
1619.
p.
Months
8,663
FINANCING
sinking
Schneider, Bernet & Hickman
—V.
10,460
letter
a
Tacony-Palmyra Bridge Co.—Earnings—
9
Income
$1,438,003
them
Common stock:
cumulative
$1,962,268
13,319
9,980
sales
miscellaneous
discounting
$1,424,683
4,862
$338,881
miscellaneous
and
(b)
and
$334,018
for
7,502
wholly
Duro
$650,085
operations
filed
12
3,674
$652,850
stock at
Co.
addition
has
37,297
BUSINESS—Company
of Western
amendment
37,195
$210,197
income——
name
149,542
Nov.
on
shares (no par) common to be offered at $10
Gunn, Carey and Co., Cleveland.
Proceeds will
operating expenses.—V. 164, p. 870.
458,002
152,649
$59,528
tributed net income of
•
499,217
153,904
company
for
Underwriter,
income
Gross
7,000
subsid.
income
equity
474,833
109,274
4,883,500
charges
1944
$89,904
from
364,380
SEC
Operating and
Depreciation
120,770
losses.-
expenses
and State
$6,694,273
4,617,722
$7,453,315
3,277,914
23,208
1945»
trustee's
credit
1944
$4,240,669
income
55
Strong Manufacturing Co., Sebring, O.—Files with SEC
The
1945
Federal
$392,128
fees
Prov.
INCOME
Income
1946
financing
operations
and
(2147)
Years End. Dec. 31
1946
2,765
Profit from
Other
$712,966
from
CONSOLIDATED
CHRONICLE
$3,565,590
2,441,851
goods sold
Sell., gen. & adm. exps.
Prov. for depreciation—
64,497 shs.
1947
costs
of
15,000 shs.
69,499 shs.
(no par)
SUMMARY
Int.
sales
Net
15,000 shs.
sinking fund ($20 par)
OF
FINANCIAL
Aug. 31, '47
Cost
5%
&
8 Mos. End.
stock—
Convertible
Income
COMMERCIAL
1,734
Common
shares
1,266
1,734
Earnings
per
844
1,156
—V.
outstanding
1,196.283
$925,785
19,000
1,131.283
share
$0.78
$0.70
outstanding
common
166. p. 994.
19,000
Co.
working capital.
has contracted
company
for
the
sale
with
of the $50,000,000
the
2.80%
tures at par on or before Dec. 31, 1947.
J. Paul Getty and certain trusts (Getty
85%
of
the
common
stock
of
turn, owns approximately 47%
Pacific
of
the
Metropolitan
Life
Insurance
25-year sinking fund deben¬
interests)
Western
commpn
own
Oil
stock
approximately
which, in
Corp.
of
Mission
Corp.
56
The
I
corporation owns 1,345,593 shares of Tide Water Asso¬
stock, and Pacific Western itself directly owns 577,854
Shares.
Thus,
Pacific Western and Mission own an aggregate of
1^923,447 shares, representing approximately 30%
of the total out¬
common
the
far
by
being
this
standing common stock of this corporation,
largest single holding of its stock.
Getty interests have now entered into a contract with Sunray
Corp. for the sale to Sunray of their holdings in Pacific Western
the conditions, among others, (1) that the sale be closed on or
<qn
before
Dec.
(2)
1947,
23,
that
Pacific Western
purchase
such
upon
Sunray and (3) that Sunray
will
complete
arrangements- for financing such purchase.
In pur¬
suance of the plan, Sunray, Pacific Western and Mission have entered
tnto an agreement of merger subject to the approval of their respec¬
tive stockholders at meetings called to be held on Dec. 5 and 6, 1947.
Mission
and
be
into
and
with
merged
of Tide Water
becomes effective, the 1,923,447 shares
Associated common stock will become vested in Sunray.
Xf
the
merger
the acquisition by the corporation of these
of stock would be of advantage to it, if they could
terms satisfactory to its stockholders, the corporation
1947, entered into an agreement with Sunray for the
assumption that
the
On
i 923,447
fee
shares
acquired on
27,
Oct.
•on
purchase' from Sunray of said shares at the price of $25 per share,
an aggregate of $48,086,175, subject to the conditions, among others,
the
part of Sunray that the above-mentioned merger becomes
effective, and on the part of Tide Water Associated (a) that it make
arrangements satisfactory to its board of directors for the issue and
«ale of. $50,000,000 of debentures, and (b) that the purchase of such
.shares and sale of such debentures be approved by the affirmative
vote of the holders of at least a majority of its voting stock, which
vote shall • include a majority of such stock other than the shares
to be purchased.
There are 239,623 shares of preferred stock and
€,396 809 shares of common stock outstanding, making an aggregate
«f 6,636,432 shares entitled to be voted.
Therefore, in addition to
the 1,923,447 shares proposed to be purchased, at least 2,356,493 other
Shares must be voted in favor of the proposal to purchase and retire
the 1,923,447 shares of common stock and to issue and sell the deben¬
or
on
the
also
which
equipment
facilities will be
of
board of directors,
and
N. J., in
Co, and additional
the
Container
Trenton
installed.
acquisition," said Mr. Calder, "are part of
completion, to establish corrugated container
program now
a
factories in the
supple¬
located
important consuming centers.
These factories will
ment the main corrugated box-making operations of Union Bag,
country's
Savannah,
at
The
Ga."
building
factory
new
Trenton,
near
Is
J.,
N.
modern one-
a
V.
$
$
less
discounts,
In submitting
intend
not
the proposal to the stockholders, the board of directors
to make any material changes in the basic policies
Corporation has been engaged
maintain and increase its oil
its manufacturing and other
operating facilities and, on the other, to reduce the funded debt and
preferred stock and the charges thereon ahead of the common stock.
For example, since Dec. 31,
1937, which was the end of the year in
Which the corporation refunded its then outstanding funded debt and
preferred stock, such senior obligations have been reduced from a
total of $88,405,000 to an aggregate of $28,462,300 as of Sept. 30, 1947,
pursued by the corporation.
heretofore
in
a
program,
and
reserves
the
on
hand,
cne
and
enlarge
to
income
Other
$3,594,000
of
as
from $27.06
per
to
$27.95
132,398,346
_
erated
redemption of
the
In
opinion
99,992,105
4,004,478
10,108,000
90,676,744
3,759,682
11,288,700
77,551,820
3,659,191
10,816,000
16,886,312
15,673,695
$1.98
expenses
the
have
without
shares
have
would
law
directors,
shares
proposal
the
$1.8'0
$1.67
purchase
to
the
authorized
been
it
preferable
was
the
the
but
stockholders
purchased
however,
unissued
to
for
action.
this
On
is
presently
of
end
this
proposal
that
decided
directors
this alternative and thus permit
decision to consummate or reject
under
will
to
also
will
that the 1,923,447 shares of this corpora¬
purchased from Sunray Oil Corp.
How¬
unable
year,
be
conditions
as
the
authorize
in
as
the
as
submit
to
this
form that their favorable vote
the shares at a later date from
of
board
exceeding $25 per share. Such a
issue and sale of $50,000,000 of
conditions
situation under which
shares before the
the
advisable
it
such
who
acquire
of directors might approve,
but
favorable vote will also authorize
holders
present
a
of
delivery
consider
purchase
a
create
may
make
to
directors
stockholders
the
■Bunray or from the
them, at such price
the
the
and
the final
assumed
stock
common
inasmuch
Sunray will be
ever,
anyone
or
debentures,
on
might
such
of
and
record
of
cents
50
share
per
CONSOLIDATED
INCOME
9 Months Ended Sept. 30—
1947
♦Sales of crude oil and petrol, prod.
Cost of products sold and sell. exps._
class
Dec.
on
on
on a proposal to merge the
basis of three shares of Wickes
vote
will
13
the Wickes Corp.
into
each
share
stock
of
the
in
Corp.
a
1.067,785
1,042,722
12,871,808
13,807,329
749,997
712,494
708,330
1,058,4)39
1,426,992
Present
to
Wickes
Mr.
908,630
$7
at
share.—V.
a
166, p.
States Rubber Co.—$1
United
directors
The
the
of
declared
total
A
802.
3,489,125
3,201,590
3,250,155
Taxes, other1 than est. Fed. inc. tax.
5,353,558
4,359,734
1947.
21,
this
also
the
year,
declared
was
first
the
on
makes
same
Dec.
total
a
of
1946.—V.
in
as
preferred
payable
of
Dec.
$1
1,013,483
retire, allowances—
stockholders'
derivative
H.
Morris
Total
of funded debt exp.—
wartime
for
Net inc. from oper. for the period
Dividends paid or declared:
On
preferred
common
740,196
16,720,657
185,568
235,607
Nov.
on
6
attorneys
General
that
and
suit
common
total
a
during
Rhode
stock
3,642,000
9,689,000
tl8,073,515 tl2,843,050 tl3,583,969
724,827
1,424,678
4,157,926
p.
1621.
instituted
been
$1.88
$1.90
•Together with revenue from other operations (exclusive of inter¬
transactions) (net),
tExclusive of net credits of $343,285 in
Plaintiffs
Co.
holding
11.,
stock
and
are
covers
Federal,
State
form of taxes
—V.
and
on
include
the
amounts
collected
for
municipal governments (1947, $28,052,203) in the
sales of gasoline, lubricating oils and other products,
166, p. 1933.
28,191
248,785
236,965
$355,898:
dividends
66,028
available for
63,003
$303,889
$292,894
$1.38
stock
common
$1.33
(220,000 sharesi
if
that
the
lieu
in
Stock
Exchange by
stipulated
a
Mr.
Halsey, Stuart &
First National
were:
are
not
fully listed
Provision
&
Co.
(Inc.),
date, Gotthilf is
receive,
to
Inc.,.
Bank
99.356.—V.
of
166,.
Co.—Earnings—
for
and general
expenses
maintenance
depreciation and amortization
Security
Taxes
other
social
security
dividends
(incl.
(chiefly
W. U.
on
Federal
for
from
income
Deficit.—V.
long-term
taxes
7,577,395
Central
Corp.—Definitive Debs. Readjr
Bank
Hanover
October Output
to
and
ship
Trust
&
this
to
York.,
New
N.
Y.,
is
now
1971 for
Breaks All Peacetime Records—
October shattered all peacetime
of a 53-mile long freight train-
corporation in
the equivalent
Gwilym
customers,
October's
peak
production,
Mr.
months.
At
war
Westinghouse
at
Co.,
debentures due Sept.. 1,
A.
President,
Price,
announced
on
19.
Nov.
few
of
required
*10,420,174
1934.
p.
prepared to exchange definitive 25a%
outstanding temporary debentures.
Production
2,932,475
2,114,000
operations
current
166,
*7,487.693'
3,039,387
bonds)—
income
on
Westinghouse Electric
The
1,004,937
12,730,782
Interest
*
*8,492,636-
1,144,487
interest)—
and
2,990,000
11,586,295
——
income
2,251,596
2,835,000
Total
Net
2,311,987
Federal
and
Balance
Miscel.
10,582,178
income
on
$
2,807,609
2,394,134
taxes
than
1946
11,603,640
benefits
Social
taxes
1947
157.235,104 134,916.333:
106,735,224 107,280,071
19,273,202
17,993,142
revenues
admin.,
Employees'
105.574,
Price
the
month
last
continued,
same
also
with 104,552
compared
time,
reached
a
exceeded only by a
he disclosed employment
new peacetime high of
was
in September.
month included 1,486
turbine generators,
for machine tools,
1,233 carloads of refrigerators,
ranges, washing machines and other
appliances and 32 carloads of home radio recivers.—V. 166, p. 1398.
Shipments
carloads
large
Westinghouse
from
of
large
motors
for
electrical
industry,
White Motor
The
the
on
Co.
99.527;
Hall
Sept. 30—
operating
records
stock, $246,750 in cash.
It is alleged that the stock of
Smico, Inc., which has outstanding a $650,000 promissory note payable
to
sale
Hutzler,
&
Harris,
and
$
from
the
of
the
at
Bros.
Western Union Telegraph
number of
A
47,000 shares of Universal stock
York
New
received
99.508;
9 Months Ended
4,000
the transactions complained
of
involve dealings between
Universal and a subsidiary corporation,
and corporations controlled by Mr. Birrell.
Following these transac¬
tions in February of
this year, Mr. Birrell and certain of his asso¬
ciates
acquired control of Universal.
In August of this year, the
Birrell group retired in favor of Mr. Gotthilf and his associates, who,
according to the complaint, are now in control of the corporation.
As part of the transaction by which the Gotthilf group acquired con¬
trol,
Universal
bought from Gotthilf 3,000 shares of Smico,
Inc.,
whose sole asset is all the common stock of Sleight Metallic Ink Co.
of Illinois, Inc.,
in exchange for 47,000 shares of Universal common
stock.
An agreement
between Gotthilf and the corporation provides
1946.
offering
additional
share
plants
equipment
371
carloads
last
such
of
as
motors
Co.—Offering Indefinitely Deferred—
to
of
stockholders of
the right
capital stock for each 2y2
166, p. 1829.
to subscribe to one
shares held has been,
indefinitely deferred.—V.
Gotthilf, is worthless.
Wickes Boiler Co.—Merger
The
complaint states that the plaintiffs do not now know the exact
of damage that has been caused to Universal, but estimate
it exceeds $1,750,000.
The complaint asks, among other things,
See
accounting and cancellation of the transactions involved in
Gotthilf's acquisition of control of the corporation.
The corporation has asked the New York Stock Exchange to approve
Gotthilf,
its
Chairman,
in
common
shares
exchange for
to
the
be
issued
United States
Proposed—
Graphite Co. above.—V. 166, p. 803.
the shares
tered
under
the Securities Act of 1934.—V.
Wickes Corp.—Proposed
United
See
1
to
directors
166, p.
stock dividend,
Wisconsin Central Airlines,
1947,
that
after
all
on
the
Nov.
Nov.
due-bills
26,
must
12,
the
common
1947
be
must
p.
stock
that
12,
last
company
covering
oevi
V.
by
fir,
used
166
Co.
Dec.
on
15,
and for working capital.—-
1726, 1527.
Favored—
Whiting, President, on Nov. 19 announced that representa-tives of holders of large amounts of both preferred and common stocks
have tentatively agreed upon a plan of recapitalization. .
i
1 1
Under the plan, it is proposed that this company be merged withits wholly owned subsidiary, Rainey-Wood Coke Co., and that each-
directors
50
12,
declared
a
dividend
$1.20 Dividend
of
$1.20
per
share
payable Dec. 12 to holders of record Nov. 28.
cents paid on Sept. 12, and 40 cents each on
1947.
year,
the company paid $1.55
per
share.—V.
164,
.
of
the
of
$55
stock
charges
(& Subs.)—Earnings-
—
1947
four shares of
.
,
,
presently outstanding 200,000 shares of common stock
their shares for new common stock on a share for
share basis.—V. 166, p. 803.
Holders
Vick Chemical Co.
shares of 7% preferred stock (with accrued dividends
share)- receive in exchange one share of new 5% preferred
common stock of the merged company, plus
71,861
per
and
$20 in cash.
would
all
will
(Alan) Wood Steel Co.—Recapitalization
1947.
598.
after
18 filed a registration statement with the
shares ($1 par) common stock.
Underwriter,
be offered at $4 a share and proceeds wili'
Nov.
purchase aircraft, repay notes
to
pp.
on
125,000
stock
all
accompanied
be
redeemed
Clintonville, Wis.—Regis*
John T.
stock,
compares with
March 12 and June
Dec.
11
26.
has ruled that
dividend until Dec.
1726.
This
On
SEC
be
11,
said
delivered
p.
Nov.
Dec,
stock
ex
record
Universal Products Co., Inc.—Declares
On
payable
common
and
166,
300%
the
quoted
due-bills,
—V.
a
of
Exchange
Stock
above.—V. 166, p. 1726.
ters with SEC—
T
York
New
not
declared
Consolidation—
1621,
stockholders
common
The
have
Graphite Co.
shares
Universal Leaf Tobacco Co., Inc.—300% Stock Div.—
The
States
Morris
common
3,000
to
of Smico, Inc.,
the sole asset of which is all the common stock of
Sleight Metallic Ink Co. of Illinois, Inc.
The company also has regis¬
Profit
not
$592,863
2000.
p.
of
group
a
stockholders
Southern District,
various transactions in which Universal was engaged
1947, $622,569 in 1946 and $1,671,074 in 1945.
does
$564,672
——
Salomon
Baltimore,
this
of
approximately
additional
Three Months Ended Sept. 30—
Sales
statement
$1,780,493
1,215,821
$586,822
31,880
—
$369,918
bids
Other
99.6565;
File Suit—
behalf
in
expected to join in the suit.
filed in the U. S. District Court,
are
complaint
York,
Insurance
Chicago,
in
common
company
NOTE—Above
$1,922,090
1,335,267
—
and taxes
Proceeds of the issue will be used to purchase new standard-gauge
equipment consisting of 1.000 55-ton steel coal cars and two
1.500-h.p. Diesel road Switching engines, at an approximate cost of
$3,870,000.
Provision
3,838,086
$2.71
Earnings per common share
792,799
4,797,607
stock
1946
Ry.—Equipment Trust Awarded—
Co., Inc. was awarded Nov. 18 $3,000,000 1%%
equipment trust certificates, series L, maturing $300,000
semi-annually June 1, 1948 to Dec. 1, 1952, inclusive, or*
a bid of 99.817.
The certificates, issued under the Phila¬
delphia Plan, were placed privately by Blair & Co., Inc.*
subject to ICC authorization.
present
Island
residing
dating from March of
675,000
8,683,000
■
1947
30—
Earnings per share
—V. 166, p. 610.
1946,
dividend of $2 a share on
stock from net earnings of
8, 1947 to holders of record
$8 declared on the preferred
166,
has
payable
Abraham N.
the plaintiff
Universal
of
locality
New
and
past
by
for
stockholders
24,315,891
367,922
uncertainties
Provision for est. Fed. income tax—
On
23,575,695
767,442
26,942,083
income
Int. & amort,
15,953,215
845,986
Provision
p.
$618,703
stock
Repairs and
on
boards of directors, it was disclosed
Geller, of the firm of Geller & Saslow,
stockholders.
Other defendants
include
The Greater New York Industries, Inc., American Druggists Syndicate,
Inc., Louisville Fire & Marine Insurance Co., Securities Corporation
corporation's
be
26,096,097
income
166,
—
against Lowell M. Birrell, former Chairman of the board;
Gotthilf,
present
Chairman, and other members of the
corporation
certificates
Operating income
(Non-operating
and
Director, has
who retired on
Cass,
1194.
year.
Universal Laboratories, Inc.—Stockholders
A
share
a
1946,
31,
This makes
1947,
in
1947,
This
of
Nov. 21,
this year,
January of this
declared a quarterly
paid
during
company
Nov.
share
a
was
dividend
as
record
common
non-cumulative
8%
the
$1
directors
The
th
4,297,343
Prov.
empl.
com¬
1,
Service Co.—Earnings—
deductions
income
Net
The
General and administrative expenses
for
Oct.
share, compared
A.
income
Gross
Common Dividend—
a
surplus
earned
of
the
on
$4
of
which
of
from
holders
to
1948
5,
$4
declared
12
Nov.
on
stock
common
Jan.
792,096
acreage
Charles
income
Operating,
1,810,406
1,032,028
undeveloped
and
and Public Relations
income
Preferred
Dry hole losses and property retire¬
(net)
the
year,
1
per
;
Counsel
succeeding
of service.—V.
years
earnings
Gross
companies.
two
latter
H.
13,303,540
of
38
revenues
was
listing of 47,000 additional
and deplet.__
ments
General
expenses
incorporated in Michigan on Oct. 3 by
President of all four companies involved.
2,000,000 shares of $5 par common stock.
outstanding stock consists of 200 shares subscribed and issued
Wickes
the
Amortiz. of undevel. leasehold costs.
ttentals
$3
1946.
Secretary,
Operating
Harvey Randall Wickes,
Its authorized capital is
196,037,060
147,179,131
616,575
Insurance
this
1, July
totaled
an
1945
1946
made
April
on
These
railroad
Planned—
Corp. stock for each share of Graphite stock.
The
Wickes
Corp,
is also offering stockholders of Wickes Bros,
and
the Wickes Boiler Co.
two
shares of Wickes Corp.
stock for
for
216,538,949 156,167,507
163,374,497 115,690,322
15.
West Virginia Water
amount
ACCOUNT
in
extra
Oct.
Blair &
on
Dec.
stockholders
The
company
that
deprec.
dividend
a
United States Graphite Co.—Merger
and
terms
the board of directors shall approve
Provisions for
declared
issues since Jan. 20,
basis,
proposal.
It
tion's
not
shares,
proceed
render
to
"A"
class
holders
The
out
purchase for retirement of shares at not exceeding a price fixed or
approved by the stockholders'and returning the shares to the status
of
have
"B" common stock, payable Jan. 6, 1948 to
19, 1947. This is the first declaration on these
1947, when 15 cents was paid.
The regular quarterly dividend of $1.75 per share on the preferred
stock was also declared, payable Jan. 1,
1948 to holders of record
Dec.. 19, 1947.—V. 165, p. 3400.
the
the
and held in the treasury.
The
an
alternative. procedure for the
carried
and
cents
on
Western Maryland
directors
The
shares
issue
1948 to holders of record Dec. 15„
payments
166, p. 802,
United States Foil Co.—Declares 50-Cent Dividend—
and sale of debentures
by the board of directors
and
stockholders'
of
provides,
stock.
stock therefore merits the approval of the
law and the corporation's charter,
of
necessity
preferred
and
Delaware
authorized
been
the
Delaware
the
purchase
proposed
could
the
common
Under
income
The
funded debt
of
1,923,447 shares of
stockholders.
Net
quarterly
25
Lowe,
after
Net
depletion (est.)
profits taxes (est.)
over
1946.—
122,611,438 107,700,706
18,793,763
&
excess
of
Secretary Elected—
elected
1
four
$1.25
paid
Nobles
Oct.
general,
selling,
Earnings per share
—V.
share.
per
in
New
E.
been
Net
annum
Earnings.
Assuming that the proposal had been
■carried out as of Jan. 1, 1947, the net income per share of common
stock outstanding for the nine months ended Sept.
30, 1947, would
liave been increased from $2.71 per share to $3.73 per share.
(4) Funded Debt.
The issue and sale of the debentures would in¬
crease funded debt by $50,000,000 and interest charges on funded
debt
In the first instance
at the annual rate of $1,400,000 per annum
Cor $868,000 after Federal income tax at present rates).
Dividends
are being
paid on the common stock at the present time at the rate
of $1.20 per
share which for the 1,923,447 shares proposed to be
retired would amount to $2,308,136 annually on ttm nres°nt basis, or
01 ,440,136 more than the net interest charge of $868,000.
The terms of the debentures will require the corporation to pay
annually, without premium, toward the retirement of the principal
-of the debentures, a minimum of $2,000,000, with an option in
the
corporation to increase such annual payments up to $4,000,000. During
the ten years ended Dec.
31, 1946 the corporation's annual consoli¬
dated
net income has averaged
$15,470,000.
On the basis of such
•experience, the corporation would have more than sufficient cash,
In the next ten years, to
(11 retire the corporation's presently out¬
standing serial notes; (2)
meet all required principal payments on
the proposed debenture issue; (3) provide the required amounts for
the
employees
retirement
reserve
fund;
(4> meet the sinking fund
requirements on the corporation's preferred stock; (5) continue pay¬
ments
of
preferred and common dividends;
and
(6) provide funds
for profitable investments in properties and eqiupment and for accel¬
Equity
(3)
of
$2.40
Other
1,990,534
administrative
Income &
30,
Sept.
with
106,121,530
1,645,679
1,579,126
(net)
goods sold,
Depreciation
to
thereon have been reduced from a*
as of Dec. 31,
1937, to $980,000 per
1947.
Concurrently, during such period of
approximately 10 years, the corporation carried out a carefully con¬
sidered capital expenditure program.
(1) Voting
Power. The retirement of the 1,923,447 shares would
eliminate the present holdings of Pacific Western and Mission amount¬
ing to 30% of the voting power of the common stock.
(2) Book Value. Giving effect to the proposal as of Sept. 30, 1947,
would result in an increase in the book value of the common stock
of
annum
vear-end
a
to
1947 paid
in
pany
Interest
of
corresponding week
130,907,812 120,965,759
income
Total
Cost
improve
dividends
and
interest
the
And
total
addition
In
$
returns,
allowances
&
ended
8.12%.
Sept. 30,'47 June 30,'47 Sept. 30,'46
Ended—
sales
Gross
the
week
of
19, the directors declared the usual quarterly dividend of
share and a special dividend of 25 cents per share on tho
Operating
Union Carbide & Carbon Corp. (& Subs,)—Earnings-
for
stock, both payable Jan. 2,
Years Ended Sept.
Quarter
kwh.
the
increase
1947.
166, p. 1999.
holders, states:
Aoes
95,539,000
(previously
company
for
Inc.)
an
cents per
of brick and steel sash construction, covering over
feet of floor space.
The building which was completed
within the past two years, will be enlarged to 130,000 square feet and
of the Trenton Container Co, will be increased to bring
the capacity of the new plant up to approximately 3,000 tons a month.
The former owners of Trenton Container Co., R. W. Williams and
E. E. Gaus, will continue as local
sales and operating managers,—•
Co.,
kwh.,
103,292,000
this
of
Electric
&
2000.
p.
square
the equipment
totaled
of
Nov.
On
25
structure
story
100,000
output
common
"These
nearing
1947
Co.—Weekly Output—
the electric properties
Works
West Virginia Pulp & Paper Co.—Special Dividend—
factory building near Trenton,
new
a
Water
15,
166,
of the Trenton Container Co.
the purchase
13
acquisition of
the
and
Humphrey, President, in letter to stock¬
F.
Nov,
on
Nov.
Electric
output of
American
V.
Calder, President and Chairman of the
Alexander
announced
Penn
Power
the
Expansion in New Jersey—
tures.
William
held.
shares
The
Oil
West
Corp.—Rights Expire Dec. 16—
Union Bag & Paper
Subject to registration under the Securities Act of 1933, the stock¬
holders of record Dec. 1 will be given the right to subscribe on or
before Dec.
16 for one additional share of capital stock for each
six
Monday, November 24, 1947
'
•••■:
latter
ciated
& FINANCIAL CHRONICLE
COMMERCIAL
THE
(2148)
of
exchange
1946
$11,413,649 $12,611;498
1,814,668
2,368,820
Federal, State and foreign tax provision—.
1,237,595
Number
1,419,950
1,419,950
$1.28
$1.67
Yonkers Electric
Light & Power Co.—Permanent De¬
bentures Ready-
1,734 756
Earned
—V.
of
per
common
share
166, p. 1526.
shares
Temporary 2% %
debentures due 1976 may now be exchanged for
permanent debentures at the office of J. P. Morgan & Co., Incorpo*
rated, trustee, 23 Wall Street, New York, N. Y.—V. 166, p. 1934.
[Volume 166
Number 4649
THE
COMMERCIAL
State and
& FINANCIAL
CHRONICLE
(2149)
5?
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
!
payment
Bond
Sale —The
$2,000,000
bonds offered on Nov. 14—
sewer
166,
v.
by
1830—were
p.
date
purchased
syndicate composed of John
Nuveen &. Co., of
Chicago, Com¬
merce Union
Bank, of Nashville,
Otis & Co., of
Cleveland, C. F.
Childs & Co.,
Barcus, Kindred &
Co., Dempsey & Co., all of Chi¬
cago, Ira Haupt & Co., of New
a
date.
from
sources
revenue
Mobile, Ala.
on
After
Oct.
1,
the right to convert the
reserves
bonds at
lower rate of interest.
a
A certified check for
able to order of the
$1,000, pay¬
District, is re¬
quired.
Legality
approved
by
Wallace Townsend of Little Rock.
University of Arkansas (P. O.
Fayetteville), Ark.
Bond
Sale
in multiples of % of 1%. Bidders
will be permitted to bid different
other
interest
1957. District
any
any
Details—In
Bond Offering—Ruel J.
Taylor,
Administrative Assistant, will re¬
County ceive sealed bids until
Nov. 24
Treasurer's office. The approving
for
the
purchase
of
$1,938,000
opinion of Orrick, Dahlquist, Neff, school
bonds. These are the bal¬
Brown
&
Herrington,
of
San ance of the
$3,938,000 issue au¬
Francisco, will be furnished the thorized at
the election on Mar. 27.
(J-J)
Investment
Co.,
of
Little
Rock,
Memphis,
100.0918, a net in¬
terest cost of
3.2903%, as follows:
$715,000 as 3V2S, maturing on Nov.
I, $50,000 from 1950 to
1955;
$55,1958; $60,000 in
1959 and
1960, and $65,000 in 1961
and 1962, and
$1,285,000 as
<000 from
from 1975 to 1977 incl.
Dated Nov
1, 1947. Interest M-N. The
only
other bidder was:
Merchants
Mobile,
National
National Bank,
Mobile,
Sterne, Agee & Leach,
Co.,
Hendrix &
Mayer,
Thornton, Mohr & Co.,
Provident Savings Bank &
Trust
Los
National
Bank
&
Labouisse,
Co.,
Prichard
National
Prichard,
Bank,
and
Acalanes
a
be received
com¬
Phoenix, Boettcher & Co., Den¬
ver, and Barcus, Kindred
& Co.,
of Chicago. Sale
consisted of:
works
revenue
bonds. Due
serially on July 1
1957 incl. Bonds
maturing from 1953 to 1957
from 1948 to
j
subject to prior redemption,
in
inverse
numerical
order, beginning with July
are
J
j
j
1,
1952.
40,000 airport bonds. Due
serially
on July 1 from 1948 to 1957
inclusive.
35,000 sewer extension bonds.
!
Due
serially
J
1948
to
July 1 from
inclusive.
15,000 housing equipment bonds.
I
Due serially on July 1 from
1948 to 1957 inclusive.
on
1957
•
All of the bonds
are
I, 1947.
dated July
No, 45 (P. O.
Bond
District
II
for
Waldron), Ark.
Offering—R. E. Rackley,
Secretary,
sealed bids
the
until
10
will
a.m.
purchase
of
receive
on
Oct.
1,
Dated
as
Oct.
1,
1947.
Due
follows:
crued
order, at
interest on
Sch.
Dist.
until
11
a.m.
on
Dec.
5%, payable J-J. Denomina¬
$1,000.
Dated Jan. 1,
1948.
tion
Due
Jan.
on
1,
par
any
to
and
ac¬
interest
San
Rafael), Calif.
be
000
Larkspur
bonds, and at
held
$140.-
District
election
an
to
Dec. 3 the voters will
on
sider
School
the
issuance
of
be
con¬
$63,000
ceed
Denomination
$1,000.
from
1948
1965
approving opinion of Orrick,
Dahlquist, Neff, Brown & Her¬
ri ngton, of San
Francisco, will be
must
specify the rate of interest
Bids
are
to be for not less
County Clerk, will receive sealed
until
for
the purchase of $36,000 not to
ex¬
der
are
ized
for,
a.m.
to
Clerk, Board of
receive
sealed
Nov.
on
A
school
bonds.
Due
incl.
$2,000
Bidders
to bear.
are
and
These
at
to
bid
24
bids
for
until
the
11
certified
Bond
to
be
Election—At
held
Dec.
on
consider
$750,000
the
water
an
3
purchase
of
County, Port Huenemm
Sanitary District (P. O. Port
Hueneme), Calif.
Bond
1955; $2,000 from 1956 to 1964,
and $1,000 in 1965.
Principal and
interest
(J-D)
payable
at
the
sealed
County
bonds.
check
for,
bonds
were
on
check
for
for
Bids
3%
17.
of
A
the
1964;
terest to be in
1%, and not
may
of
issuance
works
system
Costa
Union
County, Mt. Diablo
High
School
District,
held
on
At the election
Nov.
consider
25
the
voters
the
issuance
$1,000,000 construction bonds.
of
Contra Costa
County, Pleasant Hill
School District (P. O.
Martinez), Calif.
Bond
Sale—The
bonds
H.
Angeles, at
638,
a
net
$47,000 build¬
offered
awarded to R.
of Los
Nov.
17
were
Moulton &
a
interest
of
about
2.63%, as follows: $20,000 2V2s,
due $2,000 on Dec. 1 from
1948 to
1957 incl., and
$27,000 23/4s, due
$3,000 on Dec. 1 from 1958 to 1966
incl.
Second high bid of 100.36
lor $20,000 2y2s and
$27,000 23/4s,
net cost of
2.69%,
by Weeden & Co.
or
a
was
—
made
$30,000 fire
on
Nov.
18—v.
166, p. 2038—were pur¬
chased by Weeden &
Co., of San
Francisco.
Dated
Dec.
1,
1947.
Principal and interest (J-D) at
the
City Treasurer's office. Due
serially on Dec. 1, from 1948 to
incl.
syndicate
a
com¬
National Bank
Chicago, California Bank,
Los Angeles, Coffin &
Burr,
The
purchaser.
bid
of
of
of
County, Middletown Lake
County Water Works District
No. 5
(P. O. Lakeport),
Calif.
Bond
Garner,
Offering — Thomas L.
Clerk Board of Super¬
iors, will receive sealed bids un¬
til 2 p.m.
(PST) on Dec. 1, for
the purchase of $30,000 not to ex¬
ceed
4%
interest
water
works
coupon or registered bonds. Dated
Jan. 1, 1948. Denomination
$1,000.
Due $1,000 on Jan.
1, from 1949
to 1978 incl. Rate of interest
to be
11
a.m.
purchase
5%
$14,000
of
$348,000
Dec. 15, from
$391,000 as 2V4s,
maturing on Dec. 15, $35,000 from
1968 to 1975:
$55,000 in 1976, and
on
$56,000
in
1977.
Dated
Dec.
fice.
The
nished
purchaser will be
fur¬
with
the approving
legal
opinion of Orrick, Dahlquist, Neff,
Brown
&
Herrington, of
San
Francisco.
from
is
Bonds
Voted—At
Oct.
on
the
28
Bonds
1948
to
tion
issuance
of
election
ap¬
$110,000
bonds.
Riverside
Riverside),
Calif.
gnat,
Offering
24 for the
exceed'
bonds.
G.
A.
Peque-
County Clerk, will receive
sealed bids until
to
—
10
on
be
Dated Jan.
1, 1947.
Inter¬
Bidders must state in the
bid that he offers to
pay par and
accrued interest to date of de¬
livery,
and state separately the
premium if any, and the rate of
interest the bonds are to bear.
Principal and interest payable at
County
Treasurer's
office.
the
the
are
the bonds authorized at
election
certified
bonds
held
check
bid
for,
on
for
Sept. 30.
A
5%
of
the
payable
to
the
Chairman, Board of Supervisors,
is required.
Dec.
on
consider
$310,000
San
pay¬
elec¬
an
bonds
the
voters
issuance
of
bonds.
Obispo
County, Nipomo
Union Sch. Dist. (P. O. San Luis
Obispo), Calif.
Returned
for
$73,000
the
bids
purchase
building bonds
bid
tion
with
re¬
of
the
were
water of
of
Details—In
the
—we
were
Tehama
as
re¬
learn
that
the
$3,000
the
Bank
166,
1935
p.
the
bonds
at par.
County,
Gerber Union
(P. O.
School District
Red
Bond
bonds offered
p.
1830—were
$30,000
Nov.
on
school
18—v. 166,
purchased
provement bonds.
Bonds Not
election
Voted—At the
voters did not ap¬
prove the issuance of
$15,000 air¬
port improvement bonds.
CONNECTICUT
Oxford, Conn.
Bond Offering—Richard E.
Nyberg, Town Treasurer, will receive
sealed bids at the office of
Day,
Berry & Howard, 750 Main Street,.
Hartford, until 3
p.m.
on
Nov. 24
for the purchase of
$190,000 school
Dated Nov. 1, 1947.
Denomination $1,000. Due on Nov,
1, as follows: -$10,000 from 1948
coupon bonds.
1957, and $9,000 from 1958 ta
1967 incl.
of
rate
1/10
of
Bidders
are
interest in
1%.
a
The
to
the
name
multiple of
bonds
will
be
payable and delivered at the
Sey¬
mour Trust
Co., Seymour. Subject
to the legal opinion of
Day, Berry
Howard, of Hartford.
No
bids
for less than
par and accrued in¬
terest from date of issue
to date
of delivery. A certified
check for
$2,000 payable to the
Town, is
quired.
re¬
New Castle
County (P. O.
Wilmington), Del.
Offering — George Gray
Thouron, Clerk of Levy Court
Commission, will receive sealed
Bond
bids until 11 a.m. on Nov. 26 for
the purchase of $60,000 not to ex¬
ceed 3% interest
airport
coupon
bonds.
Dated June 1, 1941. Inter¬
J-D.
Denomination
$1,000.
Due $5,000 on June
1, from 1949
to 1960 incl.
Principal and in¬
by
the
terest
payable
Bank
&
Savings Association
of
San
Francisco, as 3y2s, at a price of
Wilmington.
100.16.
of
quested
the
to
at
the
State
of
B id d
name
terest the bonds
the
are
for all of the bonds,
Farmers
Delaware,
e r s
are
rate
of
re¬
in¬
to bear at par,
which must be
County, Ducor Union Sch. in
Dist. (P. O. Visalia), Calif.
Bonds Sold—An
school
same
the
Bank of American National Trust
Tulare
payable to the
est
Bluff), Calif.
Sale—The
cer¬
DELAWARE
connec¬
2V2S, reported in
10 issue—v.
now
sold
of
1946 bonds to
Tehachapi,
Nov.
sale
for
A
amount
—
Tehachapi, Calif.
Sale
The
Bonds Voted
At an election
held recently the voters
approved
the issuance of
$45,000 street im¬
&
All
—
turned unopened due to an error
in the notice of sale of the
bonds.
Bond
27.
Boulder, Colo.
to
election
an
2
the
sewer
Luis
est J-J. Due $3,000 on Jan.
1, from
1951 to 1970 incl.
Denomination
These
Election—At
held
will
Nov.
purchase of $60,000 not
5% interest building
$1,000,
Chairman of
County Supervisors,
Sanger, Calif.
Bond
to
our
a.m.
incl.,
Sept. 26.
County, Banning Elemen¬
tary Sch. Dist. (P. O.
Bond
on
ceived
voters
1970
authorized at
were
Bids
the
the
to
required. Purchaser to furnish
legal opinion at his own expense.
Patterson, Calif.
held
not
in a multiple of
14 of 1%. Prin¬
cipal and interest (M-N) payable
at the
County Treasurer's' office.
15,
Principal and interest (J-D)
payable at the City Treasurer's of¬
for
$13,000 in 1971 and 1972. Rate
rates of interest to be
expressed
the Board of
1948 to 1967, and
2
interest school bonds.
of
maturing $30,000
Oct.
on
COLORADO
Dec.
on
A certified check for
able to order of the
price
100.30, a net interest cost of
2.136%, as follows: $600,000 as 2s.
the bonds voted
are
District, is required.
and
$1,000.
Lake
until
of
rate
one
approving opinion of O'Melveny
& Myers, of Los
Angeles, will be
Dated Nov. 1, 1947.
Denomination
$1,000. Due on Nov. 1, as follows:
or
than
to
the
Chairman, furnished the purchaser.
Supervisors, is required. tified check for 3% of the
New York, and Hannaford &
Tal¬
bot, of San Francisco, at a
sewer
Calif.
equipment bonds offered
by
posed of the First
proved
Hermosa Beach,
Bond Sale
The
offered
19—v. 166, p. 2038—were
Nov.
purchased
election
the
Calif.
1947.
Co.,
price of 100.cost
bonds
of
Calif.
—
Sale—The $991,000 muni¬
cipal improvement
on
Contra
ing
Bond
of
These
at
Bond Offering—W. H.
the
multiple of
be bid. Principal and interest
(P. O. Redwood City),
exceed
Modesto, Calif.
voters
bonds.
be
Chairman,
Supervisors, is required.
a
more
office.
bids
of the
Inter¬
payable at the County Treasurer's
Augustus,
County Clerk, will receive sealed
10%
1948.
$4,000 from 1965 to 1972r
$3,000 in 1973. Rate of in¬
and
Mateo County, Jefferson
Elementary School District
author¬
bid, payable
County Board
the
Dated Jan. 2,
$1,000. Due
Jan. 2, as follows:
$2,000 from.
1949 to 1956; $3,000 from 1957 to
San
Sept. 30.
receive
on
certified
bonds
Melone,
est J-J. Denomination
payable
Board of
Bid¬
Oct.
D.
will
10 a.m. on Dec.
for the purchase of
$75,000 not
to exceed 3% interest
sanitation
rington, of San Francisco, will be
furnished the purchaser.
These
are
the bonds authorized at
the
on
J.
—
Secretary,
bids until
1
must state that the bidder
offers
to pay par and accrued
interest to
date of
delivery, and state sepa¬
election
Offering
District
to
office.
election
an
Ventura
Dated Dec. 24, 1947.
Treasurer's
Election—At
$69,-
entire amount of the
election
the
Cbuhtyi Conejo Sch, itf»
(P. O. Ventura), Calif.
000 construction bonds.
a.m.
Denomination $1,000. Due on Dec.
as follows: $1,000 from 1948
different
election
the
Venturis
$27,000 not to exceed 5% interest
permitted to bid split rates
interest
rates.
on
interest
which the bonds
of
value of the bonds bid
payable to the order of the
Dec.
1
furnished to the purchaser free of
charge. A certified check for 5%
par
11
5%
hospital construction bonds.
be held on Dec. 2 the voters
will consider the issuance of
McLees,
Supervisors, will
District
1949 to 1956;
$25,000, 1957 to
1962, and $45,000 in 1963 to 1968,
all
incl.
Principal and interest
payable at the County Treasurer's
bids
election
an
to
B.
rately the premium if any, offered
bonds.
for the bonds, and the rate
of in¬
Winton Sch. Dist. terest which
the bonds are to bear.
(P. O. Merced), Calif.
The approving
opinion of Orrick,
Bond Offering—R. W. Cothran.
Dahlquist, Neff, Brown & Her¬
School
At
—
14,
the voters aj>r
issuance of $297,00(1
the
Bond
J.
—
24,
Election—At the election
held on Dec. 2 the voters
will consider the issuance of
follows: $15,000
as
in
Dec.
$1,000 from
1948 to 1957
incl.; $1,500 in 1958
and 1959; $2,000, 1960 to 1966
incl.;
$2,500 from 1967 to 1974 incl., and
$3,000 in 1975. Callable from sur¬
plus in building fund, in inverse
numerical
$293,000
Offering
Merced County,
$50,000
2.90% refunding and construction
bonds.
High
approving opinion
of
O'Melveney & Myers, of Los
the
Sch. Dist. Angeles, will be furnished
$cott County, Waldron
Q.
ceed
1957
ARKANSAS
of
ap¬
*
Lagunitas
posed of Refsnes,
Ely, Beck & Co.,
water
voters
County School Districts
(P.
1, by W. T. Paasch, County
Clerk,
to
group
the
issuance
for the purchase of
$540,000 school
bonds. Interest rate is not to ex¬
of
$100,000
Marin
County, Calif.
Offering—Sealed bids will
Bond
will
Flagstaff, Ariz.
to
Union
Bond Election
Bond Sale—The
$190,000 bonds
Offered Nov. 17—v.
166, p. 1727—
awarded
Interest J-D.
(P. O. Martinez), Contra Costa
price of 100.01.
ARIZONA
were
At the election
31
Bond
will
Securities Co.,
Mobile,
jointly, for $410,000 as
4s,
$115,000 as 3y4s, $480,000 as
3%s, and $995,000 as
33/4s, at
a
the
Bond
school bonds.
CALIFORNIA
Conipton, Calif.
Bush
]
County
Angeles), Calif.
—
proved
proved
San Diego
County, Lakeside Union
Sch. Dist. (P. O. San
County, Garvey Sch.
Oct.
on
Oct.
on
Diego),
school bonds.
Dated
County Treasurer, is required.
Friedrichs
&
the
the
held
Calif.
Angeles
held
(P. O. Tulare), Calif.
Bonds Voted
for
to
Trust Co..
Mobile,
Magnus & Co.,
Stubbs, Smith & Lombardo,
Howard,
that
par.
to
Dist. (P. O. Los
Bonds Voted
of the
Co., Cincinnati,
Weil, Roth & Irving Co.,
American
1947.
at
payable
check
than par and accrued
interest. The
Bank,
First
Robinson-Humphrey
1,
learn
sold
were
certified
office.
B. J. Van
Ingen & Co.,
•
1935—we
p.
Dec.
1956 to
3^s,
maturing $70,000 in 1963 and
1964;
$75,000 in 1965 and 1966;
$80,000
from 1967 to
1969; $85,000 in 1970;
$90,000 in 1971 and 1972;
$95,000
in 1973 and
1974, and $100,000
j
166,
bonds
A
Tulare Local Hospital District
the
at
Treasurer, is required.
,
and Feftwich & Ross of
at a price of
payable
$1,000
connec¬
County, Sacramento highest bidder was the
County
City Unified Sch. Dist. (P. O.
Board of
Retirement, for 3s, at
Sacramento), Calif.
par.
irrespective to the maturities of
said bonds. Principal and interest
purchaser.
York, McDougal & Condon, of tion with the sale of the
$400,000
Chicago, Seasongood & Mayer, dormitory building revenue bonds
Walter, Woody & Heimerdinger, to the W. R. Stephens Investment
Iboth of
Cincinnati, Weil & Arnold, Co., of Little Rock, as 3s, as re¬
of New
Orleans, W. R. Stephens ported in our Nov. 10 issue—v.
Sacramento
rates of interest and to split rates
bonds
was
issue
of $2,500
purchased re¬
a
multiple of % of 1%. The
approving opinion of Reed, Hoyt
& Washburn, of New York
City,
will
be
furnished
cently by the First National Bank,
of Tulare, as 2s,
at a price of
A certified
100.20.
Court, is required.
Interest
J-D.
The
next
the
purchaser.
check for 10% of the
bonds bid for, payable to the
Levy
58
FLORIDA
Jackson County (P. O. Marianna),
Fla.
Bonds Not Voted—At
eral election
did
not
the gen¬
Nov. 4 the voters
on
$100,000
issuance
the
approve
of
county jail construction
bonds.
No.
-
County School District
(P. O. Marianna), Fla.
1
Bonds
Voted
$185,000
construction
Pasco
County Special
District No. 2 (P.
of
terest to date of redemption. Bid¬
ders to name the rate of interest
Bond
Craig,
Offering
tion held
on
interest
sealed bids until
for
Walter
—
11
C.
a.m.
nomination
$1,000. Due on June
1, as follows: $2,000 from 1949 to
1955, and $3,000 from 1956 to 1967
required to
at
2.99%, the
bonds maturing in the
years 1958
to. 1967 incl., shall be subject to
redemption on June 1, 1957, or on
any interest payment date there¬
after, at par and accrued interest.
If the bonds bear interest at
2.99%
or
less, all of said bonds shall be
non-callable.
The
approving opin¬
ion of Caldwell,
Marshall, Trimble
& Mitchell, of New York
;be
furnished
City, will
purchaser.
A
the
certified check for $1,000, payable
to the Board of Public
Instruction,
,is required.
Polk
County School Districts
(P. O. Bartow), Fla.
Bond Sale—The
following de¬
scribed
$475,000
bonds
offered
Nov.
13—v.
166,
p.
1623—were
syndicate composed
of B. J. Van Ingen &
Co., New
York, John Nuveen & Co., Chi¬
awarded to
a
cago,
Stranahan, Harris & Co.,
Inc., of Toledo, Crummer Co.,
Inc., and Leedy, Wheeler & Alleman, both of Orlando, and Welsh,
Davis & Co., of
Chicago, as 3y4s:
,
$325,000
Consolidated
Tax
School
bonds
basis
at
price
a
of
Special
District
about
of
No.
22
97.33,
3.52%.
a
Dated
Nov.
1, 1947 and due serially
1, from 1950 to 1967
incl. Optional on Nov. 1,
1957,
on
or
Nov.
on
subsequent interest
any
date, at
par
and
in¬
accrued
terest
Bonds Voted
held
at
District
No.
6
bonds
price of 98.22, a basis of
3.42%. Dated Oct. 1,
1947 and due serially on Oct.
a
about
from 1950 to
tional
1967 incl.
Oct.
on
1,
1957,
Op¬
or
on
any subsequent interest date,
at par and accrued interest.
Additional
Sale—The
Consolidated
Tax
No. 3 bonds offered the
awarded
were
$500,000
School
to
District
day
syndicate
same
a
headed
by the Clyde C. Pierce
Corp., of Jacksonville. Dated Nov.
1, 1947 and due serially on Nov. 1
^from 1950 to 1967 incl. Optional
'
Nov. 1, 1957, or on any subsequent
interest
date, at
par
and accrued
of
Public
the
10
the
I
on
Nov.
17—v.
166,
by the
Crummer Co., of Orlando, and
Associates, as 3s, at a price of
95.935, a basis of 3.317%. Dated
Oct.
1, 1947.
purchased
Interest (A-O) pay¬
's^ able at the Chase National
Bank,
in
New
York
City.
The next
highest bidder
&
was
A. M. Kidder
Co., for 3s, at 95.769.
issuance
County Special Tax Sch. Dist.
(P. O. Bartow), Fla.
Bond Offering—F. E. Brigham,
County Superintendent of Public
Instruction, will receive sealed
bids until It sum. on Dec. It for
the
purchase of $200,000 not to
Bxk%
interest school
*bonds.
Dated
nomination
Dec.
$1,000.
1,
1947.
Due
on
$1,555,-
000 sewage disposal bonds was ap¬
proved by
voters
heavy majority of the
a
at
election
the
held
on
Nov. 18.
$65,000
recently.
Voted
Bonds
election
on
proved
the
the
At
—
general
issuance
of
$11,500
Bonds
Savannah), Ga.
Bond Offering—Sealed bids will
be received
by the County Com¬
missioners and Ex-Officio Judges
until 11 a.m. (EST) on Dec. 16
$65,000
voters
be for the entire issue.
to
as
legality
by
Vandewater,
& Heckler, of New York
Sykes
City, and
will
Approved
a
copy
of their opinion
the bonds when
accompany
A certified
delivered.
$50,000
payable
to
Commissioners
check
the
and
for
County
Ex-Officio
Georgia
(State
Court Decisions
trict
Co.,
Bonds
Atlanta,
recent
Voted
—
issuance
the
At
of
&
us
their
attorney,
Mr. Sumter
Kelley.
"The Supreme Court of Georgia
has handed down its
decision in¬
volving the validity of the above
bonds and has affirmed the
judg¬
ment of the trial court
validating
confirming said
"As
Court
held
district is
sion
bonds.
part of the
a
of
that
a
decision the
county
school
separate political divi¬
a
the
thorize the
State
such
to
as
incurring of
au¬
property
independent
to
of
in
and
outstanding
bonded indebtedness incurred
by
any
of its component former local
any
school
districts
merger into a
prior
to
"This is
county wide school
rather
a
important rul¬
ing, for as you can see, it \yill in
many instances allow the issuance
of
considerable
we
dered
vs.
its
Coffee
tion
decision
.
in
.
the
and
held
the
Act of
March 27, 1947, (Act No.
322, Ga.
L. 1947, p. 1186) is in conflict with
Article I, Section IV,
Paragraph I
of
the
Constitution of this
State
_
100.149,
1952.
a
net
course,
can
be
this
no
means
valid
that
Nicholls
School House District Bonds/'
IDAHO
County Independent Sch.
Dist., Class A No. 1 (P. O.
Pocatello), Ida.
Offering
Grant
—
L.
Stowell, Clerk, Board of Trustees,
De¬
will
Dec.
p.m.
receive
(MST),
sealed
on
bids
Dec.
3,
Due
cost of
Nov.
on
(M-N) payable
at the County Treasurer's office.
The next highest bidder was Harriman
Ripley & Co., Inc., Blyth
Co., Illinois Co., Chicago, Mer¬
Bank
&
Trust
Co., St. Louis, A. G. Becker &
Co., and First of Michigan Corp.,
of
Detroit, jointly, for
price of 100.189.
l%s, at
a
Herrin, III.
Bonds
Not
tion held
until
for
7
the
considered.
check for
certified
$1,000 pay¬
required.
will
Hammond School
Sale
The
$1,280,000
Nov. 18
—v. 166, p. 1935—were purchased
by Halsey, Stuart & Co., City
Securities Corp., of Indianapolis,
—
building bonds offered
the
and
a
Co., of Mil¬
for
1.30s,
at
jointly,
100.0309,
interest
net
Interest
serially
an
elec¬
Nov. 7 the voters
on
re¬
swimming pool bonds.
Hinsdale and Clarendon Hills
Community Consolidated
School District No.
Bonds
on
Voted
Nov.
At
—
8
an
the
election
voters
ap¬
bonds.
a
recent elec¬
tion the voters approved the issu¬
ance of $65,000 water
system and
for
the
1,
of
1948.
Dec.
$300,000
3% interest county
Not
Due $7,000 on July 1, 1948,
$8,000 on Jan. and $7,000 on
July 1, from 1949 to 1968 inclu¬
multiples
more
of
of
than
interest
Va
by each bidder.
1%,
and
from
1,
The next highest
bidder
Arthur
Bank,
Arthur,
Trust
&
Hoi-
and
Bank, Holstein, jointly,
lV+s, at
as
the
was
stein State
a
price of 101.00.
Spencer School District, Iowa
Bond
to
be
will
Election—At
held
Dec.
on
consider
an
8
the
election
the
voters
issuance
of
$400,000 construction bonds.
West Union, Iowa
Bond Election
At
—
an
not
election
to
be held on Dec. 2 the voters
will consider the issuance of
$50,000 hospital bonds.
KANSAS
Voted
At
Kan.
election
held recently the voters
approved
the issuance of
$60,000 sanitary
sewer bonds.
El
Bond
sold
—
an
Dorado, Kan.
Sale—An issue of $21,000
general
improvement
Oct. 21
on
of 100.83.
bonds
1 y4 s, at
as
was
price
a
Dated Oct. 1, 1947.
De¬
nomination $1,000.
Grant
in
No bids for less
County (P. O. Ulysses), Kan.
Bond
to
Election
be held
on
At
—
Nov.
an
28
election
the
voters
will consider the issuance of
000 county hospital bonds.
$100,-
Clerk-Treasurer# will
interest electric
bonds.
Dated Dec.
1, 1947.
Denomina¬
tion $1,000. Due on Dec. 1, as fol¬
lows: $2,000
in 1948; $3,000 in
1949; $4,000 from 1950 to 1954, and
$5,000 from 1955 to 1963, all in¬
Principal and interest
(J-D) payable at the Albion Na¬
Sale—The $475,000 general
improvement bonds offered
on
Feb. and Aug. 1, from 1949 to 1953
The next highest bidder was
IOWA
incl.
the
Agency, Iowa
Sale
Bond
with
MOines,
the
sale
of
3s,
as
&
as
issue—v.
Details—In
the
and
bonds
connec¬
as
Cummins,
$9,400
$8,000
4s, to
of Des
reported in our Nov. 3
p. 1831—we learn
166,
that the bonds
were
sold at
par.
Dated Oct.
I, 1947. Interest M-N.
Priftcifial; suia interest payable at
the Town Treasurer's office.
City National Bank & Trust
Co., Kansas City, for iy4s, at a
price of 100.01.
KENTUCKY
Kentucky (State of)
Bond Sale—The
ect
No.
17
bridge
$1,000,000 proj¬
revenue bonds
offered Nov. 20—v.
166, p. 1831—.
awarded to Walter,
Woody
Heimerdinger, of Cincinnati, as
were
&
2s, at
Boone, Iowa
Bond Offering— R. A. Muench,
.
coupon
Bond
3!/2%
$300,000
revenue
receive sealed bids until 2 p.m; on
Dec. 1 for the purchase of $70,000
Raf-
Nov. 17—v. 166, p. 2040—were
pur¬
water chased by the Lathrop-Hawk-Herworks revenue bonds. Dated Aug. rick Go., of
Wichita, as iy4s, at a
1, 1947.
Interest F-A.
Due on price of 100.08, a basis of 1.235%.
Dated Dec. 1, 1947.
Aug. 1, from 1950 to 1987 incl.
Principal and
Approved as to legality by Chap¬ interest (F-A) payable at the State
man & Cutler, of Chicago.
Treasurer's office. Due
serially on
vestment
Wheelock
Albion, Ind.
Offering—Georgiana Er-
—
fensperger,
Hughes
&
Co.,
of
Indianapolis, are offering for in¬
water
INDIANA
Salina, Kan.
Offered
Publicly
$10,000 village hall bonds.
Bank,
p.
bonds
will
Hutchinson, Kan.
will
Bonds Sold
be furnished with the approving
The $321,000
opinion of Ross, McCord, Ice & library construction bonds author¬
Miller, of Indianapolis. No con¬ ized at the election on Nov. 5, -s
ditional
bids
will
be
accepted. 1946 were sold on Oct. 31, at oarr
A certified check for 3% of the as follows: $161,000 as
iy2s, ma¬
face value of the bonds bid for, turing
from 1948 to
1957, and
payable to the Board of County $160,000 as IV2S, maturing from
1959 to 1967, both inclusive.
Commissioners, is required.
bonds
revenue
166,
the
Nov.
than par and accrued interest
be considered. The purchaser
water
tional
of
be
to
rate shall be named
one
tion
not to exceed 4%
that
on
1949 to 1958 incl.
of
000.
sive. 'Rate
connec¬
the
issue—v.
$3,000
on
1948 bonds.
Dated
Denomination $1,-
Voted—At the gen¬
eral election on Nov. 13 the voters
did not approve the issuance of
win, Town
p.m.
and
Union, III.
Bond
2
purchase
exceed
hospital
receive
will
until
water softener installation bonds.
Bonds
mature
10
learn
Seelysville, Ind.
Tolono, III.
Bonds Voted—At
Auditor,
bids
Bonds
proved the issuance of $1,850,000
construction
Bond Offering—Frank A. Barr,
County
Jan.
Nov.
our
1936—we
Bonds
County (P. O.
La Grange), Ind.
not to
of
Conway Springs,
181
(P. O. Hinsdale), III.
held
in
J-D.
La Grange
12
sale
$30,000
Duilding bonds to the Ida County
Bank, of Ida Grove, as IVaS,
at a price of 101.20, as
reported
100.022.
sealed
Details—In
of
cost
payable
"
State
June 1, from 1948
on
Sale
on
Milwaukee
waukee,
Bond
tion with the
Savings
City, Ind.
Independent School
District, Iowa
—
Voted—At
jected the proposed issuance of
$100,000 stadium and municipal
clusive.
Bannock
Bond
interest
Interest
utility
and is therefore invalid.
!- "Of
National
Davis
County Board of Educa¬
case
garage,
City
Bank, Chemical Bank & Trust Co.,
both of New York, First National
Bank, of Portland, Paine, Webber,
Jackson & Curtis, of New York,
and the Trust Co. of Georgia, of
Atlanta,
as
1%-s,
at
a
price
bonds than
more
$25,000
the
of
their
district.
be
bids
Bond
will
to 1952 incl. The next highest bid¬
County (P. O. Chicago), III.
Bond Sale—The $2,349,000 judg¬ der was the Northern Trust Co.,
ment funding of 1947 bonds of¬ F, S. Moseley & Co., Detmer &
and
Indianapolis Bond
&
fered on Nov. 18—v. 166, p. 2039 Co.,
Share Corp., iointly, for 1.30s, at
—were purchased by a syndicate
indebtedness up to 7% of the as¬
sessed
valuation of
its
taxable
addition
purchaser
Cook
bonded
a
ditional
1.28533%.
cantile-Commerce
from
election
con¬
be
furnished. with
the
approving
opinion of Ross, McCord, Ice &
Miller, of Indianapolis. No con¬
Due
dated
house
the
bonds.
&
following texts of letters,
Nov.
17, received by the
The
general headquarters building and
composed
Ida Grove
more
No bids for less than par
site
with the
bond
election.
held recently the voters approved
1,
School Dis¬
on
approved by the
1,456 % to call dates.
of)
Brooke, Tinriall
have furnished
—
was
a
Bonds
of
Judges thereof, is required.
at
equip¬
department
street
bidder.
1%, and not
and accrued interest will be
of
Chicago Heights, III.
for the purchase of $1,000,000 2%
public school coupon bonds. Dated
Jan. 2, 1948. Denomination $1,000.
Due $50,000 on Jah. 2, from 1954
to
1973
incl.
Registered as to
principal only. Principal and in¬
terest (J-J) payable at the office
of the Distributing Clerk of the
County Commissioners and ExOfficio Judges thereof. Bids must
issuance
Voted—The
ment bonds
then registered.
are
able to the Town, is
Champaign, III.
Chatham County (P. O.
one
A
water main bonds.
*
as
multiples
than
rate shall be named by each
Va of
sidered.
4 the voters ap¬
Nov.
,
—
of
Beecher, III.
ap¬
Dakota City, Iowa
re¬
Rate of interest to be in
authorized
was
election
of
following premiums; 7% if
on or before Dec. 1, 1951;
Bond Offering — Einar Sande,
5% if fbdeemed after Dec. 1, 1951, Town
Clerk, Will receive sealed
and on or before Dec.
1, 1956; 3% bids until 7:30
p.m. on Nov. 24,
if redeemed after Dec.
1, 1956, and for the
purchase of $10,000 water
prior to maturity; plus in each works
improvement bonds. Due
case accrued interest to the date
$1,000 on Dec; 1, from 1949 to
fixed for redemption;
provided
1958, incl. These are the bonds
notice of such redemption is given
authorized at the election on Oct.
at least 39 days prior to the date
30, which were scheduled to be,
fixed for such redemption by pub¬
sold on Nov. 17, as reported in our
lication ill a newspaper or finan¬
issue of Nov. 17—v. 166, p. 2039.
cial journal published in the
City
of Indianapolis, and by one pub¬
Essex School District, Iowa
lication in a newspaper of general
Bonds Voted
At the special
circulation
published
in
the election on Nov. 6 the voters
ap¬
town of Albion, and a like notice
proved
the
issuance
of
$4,800'
be sent by mail to the holders of
building bonds.
such bonds
ILLINOIS
GEORGIA
No. 4
exceed
City Clerk
Bonds Authorized—An issue of
construction bonds.
there
Polk
Voted —The
states that the issuance of
bonds
voters
.
1727—were
Boise, Idaho
Bonds
Auburn, III.
thought possible under the in¬
terpretation
given
the
Court's
{ Polk County Special Tax Sch. Dist. opinion in the Stephens County
School District case.
No. 2 (P. O. Bartow), Fla.
Bond Sale—The $400,000 school
"The Supreme Court has ren¬
bonds offered
subject to the favorable
opinion of Chapman & Cutler, of
Chicago. A certified check for 2%
of the bid, payable to the District
Treasurer, is required.
In¬
interest.
p.
July I, frottt 195416 1967# incl.
Issued
$182,000 water revenue refunding
At the
—
Nov.
on
proved
and
School
Board
Florida
150,000 Consolidated Special Tax
1
the
name
than
more
oh
Nov. 3.
(P. O. Live Oak),
the rate of interest in
multiples of
of 1%.
If the bonds bear in¬
terest
Dated July 1, 1947/ Interest J-J.
Denomination $1,000. Due $50,000
Suwannee County Special Tax
School District No. 4
Dec.
on
to
Monday, November 24, 194?
deemed
struction, is required.
purchase of $50,000
school coupon bonds. Dated Dec.
I, 1947. Interest payable J-D. De¬
are
are
the
4% interest school coupon bonds.
National
the
incl. Bidders
These
CHRONICLE
purchase of $700,000* not to exceed
(J-D)
Chase
County Superintendent of
Instruction, will receive
Public
to bear.
are
the bonds authorized at the elec¬
able
City), Fla.
9,
$18,000 in 1967, optional on Dec. 1,
1957, or any interest payment date
thereafter at par and accrued in¬
Principal and
payable at the
Bank, New York
bonds was
City. The bonds are issued sub¬
at a recent
ject to the approving opinion of
Chapman & Cutler, of Chicago. A
Tax School certified check for 2% of the prin¬
cipal amount of the bonds, pay¬
O. Dade
The issuance
—
ratified by the voters
election.
-
1, as follows: $6,000 in 1950 and
1951; $10,000 from 1952 to 1962;
$15,000 from 1963 to 1966, and
the bonds
Jackson
& FINANCIAL
COMMERCIAL
THE
(2150)
a
price of
I#i 1947 and due
lows:
$65,000
Dated Nov.
Jan. I, £s fol¬
par.
on
in
1949;
$85,000
receive sealed from 1950 to 1952 inclusive; $90,on Nov. 28 000 in 1953 and 1954, and $500,000
The boftds maturing iri
for the purchase of $20,000 air¬ in 1963.
port bonds. The City will furnish 1963 are callable on interest pay*
the
bonds
and
the
approving ment date beginning with Jan. 1#
City
bids
Clerk,
until
will
8:30
p.m.
opinion of H. N. Rogers, of Des
1952, at
Moines.
Albion. The bonds
are redeemable at the option of
Council Bluffs Sch. Dist., Iowa
Bonds Not Voted—At the gen¬
the Town, in whole or in part, on
any interest payment date after eral election on Nov. 4 the voters
issuance,
in
inverse
numerical did not approve the issuance of
order, at face value, together with $1,500,000 construction bonds.
ums,
a
sliding scale of premi¬
the initial redemption price
being 103,. Other bidders included
a
syndicate headed by Stranahan,
Harris
&
Co., Inc., which offered
109.15 for 2y4s.
Volume
166
Number 4649
Logan County (P. O. Russell-
-
Clerk, will
,
Dec.
on
4
for
the
.$250,000 not to
.
terest
1,
until
re^
p.m.
purchase
exceed
hospital bonds.
1947.
1:30
of
in-
2%%
Bond
1, and all1 bids received
rejected. A certified check
2% of the par value of the
were
for
bonds, payable
required.
the
to
Board,
sealed' bids until 11
is
Denomination
ders
.
,
prior to
in
maturity
as
whole
a
or
in the inverse order of
maturity on any interest
part
their
;
payment date
t
1950, upon terms of 103
prior to
Jan.
at 102
and
on
'
after Jan.
or
on
to Jan.
1,
and
on
1, 1955; thereafter
prior to Jan. 1, 1960,
and thereafter at 101
and
prior
Principal and in¬
1, 1965.
on
terest payable at the Citizens Na-
; tional Bank
of Russell ville.
'
the
legal opinion of Chapman &
Cutler, of Chicago.
A certified
check for $5,000 is required.
Morgantown,
Ky.
Bond
.
.
Offering—Edward Smith,
Clerk, will receive sealed
City
bids until
the
11
a.m.
purchase
water
Due
to
1960
bonds
•
$35,000
3%%
revenue
refunding
Dec.
on
inclusive.
1, from 1948
None
subject
are
for
28
of
works
bonds.
Nov.
on
the
of
to
redemption
All bonds ma¬
until Dec.
1, 1953.
turing after Dec. 1, 1953, may be
called for redemption in whole or
in part on any principal payment
date
in
their
inverse
numerical
order at par and accrued
plus
premium of 5%.
a
interest,
The pur-
chaser will be furnished with the
approving opinion of Peter, Heyburn & Marshall, of Louisville. A
certified check for $2,000 payable
to the City Treasurer, is required.
LOUISIANA
Jennings, La.
Bids
Rejected
ceived
for
—
All
bids
re¬
the
offering of the
$100,000 public improvement
bonds were rejected because con¬
struction
bids
far
the
exceeded
'
proceeds of the bonds issue.
of)
Baynard,
State
Auditor
and
Secretary,
Board of Liquidation of the State
Debt, will receive sealed bids un¬
til 11
.
.
-
a.m.
on
Dec. 11 for the pur-
chase of $10,000,000 not to exceed
5%
or
interest improvement coupon
registered bonds,
as
follows:
bill
purchaser
with
the
ap¬
au¬
Dennis Water District, Mass.
Bond Sale
The $68,500 water
18—
—
main bonds offered on Nov.
166, p. 2040—were purchased
by Robert Hawkins & Co., of Bos¬
v.
Havre de
Grace, Md.
Bonds Authorized
A bill
—
ton,, as 13/4S, at a price of 100.79,
au¬
thorizing the issuance of $150,000
construction bonds was signed on
Nov. 10 by the Governor.
Ocean
basis
a:
Dated Dec.
1.67%.
payable
National
First
the
(J-D)
Bank
of
Due serially on Dec.
ton.
City, Md.
of
Interest
1947.
1,
at
the
(EST) on Nov. 25, by James D.
Bentley, County Treasurer, for the
1961, and $5,000 in purchase of $50,000 tuberculosis
maintenance
notes,
at
Registered as to principal hospital
Denomination
These are the bonds au¬ discount.
$5,000.
1953
1962.
only.
thorized
4.
to
the
at
Principal
payable
at
election
City. Bidders
Dated Dec.
1, 1947. Due on April
1,1948. Payable at the Merchants
National Bank, in Salem, or at
holder's option at the National
Aug.
(A-O)
on
and interest
the Bank of
Ocean
requested to bid
in multiples of Vs or one-tenth of
are
Shawmut
of
Bank
Said
Boston.
1954, $362,000 in 1955,
$371,000 in 1956, $381,000 in
1957, $390,000 in 1958, $400,000
in
1959, $410,000 in 1960,
$420,000 in 1961, $431,000 in
1962, $442,000 in 1963, $454,000 in 1964, $465,000 in 1965,
$467,000 in 1966, $480,000 in
1967, and $491,000 in 1968.
3,000,000 series D bonds. Due
i
notes will be
The legality of the issue will
approved
by
uineness
Niles,
Barton,
Baltimore,
&
on
1, as follows: $547,000 in
1969, $578,000 in 1970, and
$625,000 in 1971 to 1973.
Dated Dec. 1, 1947. Interest J-D.
Denomination $1,000. Rate of in¬
terest to be in
multiples of
1/10 of 1%. All bids must be
conditional, and
no
bid for
a
or
J
will be considered.
rate
b'id
each
issue, but two different rates
must
be
A
sepa¬
submitted
for
of interest may be named for each
issue, and it shall not be necessary
'
-
for all of the bonds of either issue
to bear a different rate of interest.
Principal and interest payable at
the State Treasurer's office, or at
the fiscal agency of the state in
New York City, at the option of
the holder. The opinion of
Wood,
King & Dawson, of New York
City, will be furnished the pur¬
chaser.
^
•
delivered
The"
in
bonds
the
City
will
of
Orleans, without cost to the
be
voters
construction
bonds,
$20,000 lighting system bonds.
Grand Rapids, Minn.
Voted — At the election
<
Bonds
held
Sept. 16 the voters ap¬
proved the issuance of $15,000 fire
department
apparatus
purchase
City
in
New
at the office of the
City Treasurer. Bids shall be con¬
or
on
bonds.
Granite
Falls, Minn.
I
$50,000 hospi¬
Sale—The
Bond
tal bonds offered Nov. 19—v.
166,
2040—were awarded to the Yel¬
low
Medicine County Bonk of
p.
Granite Falls, as 2s,
at par.
Granite
Falls, Minn.
Bond Sale Details—In connec-"
tion with the sale of the $80,000
hospital bonds to the City Elec¬
trical Department, as reported in
our Nov. 17 issue—v. 166, p. 2040
ditioned
upon
the
unqualified —it is stated that the bonds were
opinion of Wood, King & Dawson, sold as Is, and mature from 1948
of New York City, approving the to 1967, inclusive.
legality of the bonds. The bonds
Hennepin County Indep. Sch. Dist,
will be delivered the purchaser at
No. 24 (P. O. Robbinsdale),
the cost of the City, at the City
Minn.
Treasurer's
office,
or
in
New
Bonds Voted
The issuance of
—
York,
Chicago,
in
or
upon
ment of the amount named
pay¬
in
pro¬
posal and of interest on princi¬
pal accrued to date of delivery. A
certified check for $18,340 payable
to the City Treasurer, is required
$350,000
ried by a
tion held
Fractional
School
District
Nov. 13.
on
Ramsey County Indep. Sch. Dist,
No. 2
(P.O. St. Paul), Minn.
Sale—An issue of
Bond
DeWitt
construction bonds car¬
wide margin at the elec¬
construction bonds
$13,000
purchased
These are
was
certified
to
as
and
—
Bond
Offering
—
William
bids
sealed
A.
until
5
p.m.
Nov.
on
24 for the purchase of $380,000
Carson, President Board of Coun¬
school house coupon notes. Dated
ty
Commissioners,
will
receive
Dec. 1, 1947. Denomination $1,000.
sealed bids until noon (EST) on
Due $20,000 on Dec. 1, from 1948
Dec. 2 for the purchase of $750,to 1966 inclusive.
not
to
exceed
3%
Bidders to
interest
one
county hospital and public build¬
ing bonds.
Dated Dec. 1, 1947.
Denomination $1,000. Due $30,000
on
Dec.
sive.
of
Bonds Nos.
designated
as
1 to 250 will be
The bonds will be delivered
against
payment in Boston funds.
Principal and inter¬
(J-D) payable at the First Na¬
Marion, Mass.
<
than
Bank
one
of
rate
South
of
interest
to
shall
be
borne by the bonds, but not more
than
one
interest
rate
for
the
bonds
of
any
one
maturity.
a
rate of interest in
name one
multiple of
% of 1%.
No bid
for less than par and accrued in¬
terest will be accepted.
Denomi¬
The
ap¬
wealth of Massachusetts.
MASSACHUSETTS
will
Boston, Mass.
Bond
bonds. Dated Dec. 1,
1947.
Denomination $1,000.
Due
$100,000 on Dec. 1, from 1948 to
1957, inclusive.
Bidders are to
ways coupon
name
one
rate of interest in mul¬
tiples of
of
1%.
No
bids
for
less than par and accrued interest
will be received.
terest
(J-D)
be
made
Company,
Principal and in¬
payable at the City
Treasurer's office. The bonds will
be delivered on or about Dec.
at
the
against
Delivery
Day
Trust
in
payment
Boston funds.
ments—In
stated
a
recent bulletin it
was
by the office of the State
1947.
A certified cheek for 1 % of
bid for, payable to the
the
pur¬
City Treasurer, is required.
loan
In
connec¬
$200,000
electric plant revenue bonds to a
syndicate
headed
by Juran
&
Moody, of St. Paul, as reported in
issue of Nov. 17—v. 166, p. 2040
learn that the bonds were
—we
sold for
price of 100.008,
a
net
a
interest cost of 1.887%, as follows:
$130,000 as 2s, maturing on Nov. 1,
$20,000 from 1948 to 1953; $10,000
in 1954, and $70,000 as 1.80s, ma¬
turing $10,000 in 1954, and $20,000
from 1955 to 1957 inclusive.
serially
Wold,
Offering
J-D.
D.
Secretary
Light,
Water,
Building Commission,
Power and
will
receive
sealed
bids
until
8 p.m. on
of
Nov. 25 for the purchase
$80,000 revenue certificates.
Dated Jan. 1, 1948.
$1,000.
Due
on
Denomination
Jan. 1,
as
follows:
$8,000 in 1949 and
1950; $10,000
$12,000 in
1955 and 1956, all inclusive.
Certificates maturing in 1954 to
from
1951
to
1954
and
subject to call Jan.
Oil
any
Commission
hold
the
reserves
said
bid
The
the right to
and
—
Winona,
Minn.
Bond Sale Postponed
issue
—
Sale of
of
$200,000 swimming
pool construction bonds, tempo*
rarily set for Nov. 25, has been
an
deferred for several weeks. Bonds
approved at
were
election on
an
Nov. 3.
MISSISSIPPI
Monticello, Miss.
Bonds
Not
Voted—At the gen¬
Nov. 4 the voters
on
not approve the issuance of
$10,500 water bonds.
Tallahatchie County, Brazil Con•
solidated School District (P. O.
Charleston), Miss.
Bond
certified
(short term and serials
only), had been added to the list
check of the successful bidder
of
Sale—An
bonds
issue of
$20,000
purchased
recently by M. A. Saunders & Co.,
of Memphis, at par. Dated May 1,
1947. Approved as to legality by
Charles
&
Trauernicht, of St.
4%
school
was
Louis.
Bond
defects in bids.
pay¬
other
Co., of St. Paul, as 2V2S.
Yazoo
the right as to manner of bidding;
to reject any and all bids and
waive
no
Revere, Minn.
The $30,000 water
works system bonds offered on
Feb. 24, are said to have been
purchased by the Midland Corp.
Sale
Bond
reserves
The Commission
Interest
were
bidders.
1953,
1,
There
did
K.
—
Dec. 1 from 1948
on
inclusive.
1950
able
eral election
Blooming Prairie, Minn.
Certificate
Commissioner of Banks that Salt
City, Utah, municipal obli¬
—
to
tion with the sale of the
Lake
City
City School District, Miss,
Offering—P. E. Maxwell,
Clerk,
will
receive
sealed
bids until Nov. 24 for the purchase
of $350,000 building bonds. Dated
Jan.
1,
voted at
1948.
an
These
election
bonds
on
were
July 16.
visions of the proposed bid have
gations
investments
considered
legal
bidders until such time
as
investments for savings banks and
trust
funds
in
Massachusetts,
been
whereas the
will be returned within
—of
able
municipal obligations
the City of Atlanta, Georgia,
have been deleted from the list.
15,
New
Benson, Minn.
Bond Sale Details
at par.
(State of)
Changes in List of Legal Invest¬
|.
approve
MINNESOTA
1956
Massachusetts
on
gen¬
Nov. 4 the voters
the issuance of
$750,000 Water supply and sewage
disposal bonds.
Due
proved by Niles, Barton, Morrow
Offering—Henry F. Brennan, City Treasurer, will receive
sealed bids until noon (EST) on
Nov. 25, for the purchase of $1,000,000
construction
of
public
not
nation
$1,000. Dated Dec. 1, 1947.
$5,000 from Dec. 1, 1948 to
inclusive.
Principal
and
Yost, of Baltimore, and their 1962,
approving opinion will be deliv¬ semi-annual interest payable at
ered the purchaser upon request, the Day Trust Co., Boston.
The
at the cost of the County. A cer¬ notes will be prepared under the
tified check for $40,000 payable supervision of and certified as to
by the Director of
to the County Treasurer, is re¬ genuineness
Accounts, Departments of Corpor¬
quired.
ations
and
Taxation, Common¬
legality of the issue will be
did
our
Note Offering—Sealed bids will
Maryland,
Upper Marlboro. Bidders are re¬ be received until 5 p.m. on Nov.
quested to bid rates of interest 26, by S. H. Taylor, Town Treas¬
in a multiple of Vs or one-tenth urer, for the purchase of $75,000
of 1%. Bidders may specify more coupon water loan notes. Bidders
tional
eral election
Voted—At the
a
at the above named bank
designated
series B.
as
name
Not
multiple
No bids for less than
Vi of 1%.
ton.
series A, and bonds
Nos. 251 to 750 will be
rate of interest in
Due
Lincoln Park, Mich.
Bonds
par and accrued interest will be
accepted.
Principal and interest
payable at the Day Trust Co., Bos¬
1, from 1948 to 1972 inclu¬
part
sues
the
the
—
un¬
of either issue will be considered,
and no composite bid for both is-
(J-D) payable at the current of¬
of
election
an
9
Shawmut
tional
&
Dec.
$198,000 in 1962. Rate or rates
to be in multiples of
of 1%. Principal and interest
of interest
bank
Dec.
on
will consider the issuance of $45,000
bonds
as
follows:
$25,000
Dec.
and
City,
Minn.
Election—At
held
be
No. 1
'
000 in
to
(P.O. Lansing), Mich.
gen¬
recently by the State.
Bond Sale Details—In connec¬
validity by the Na¬
the bonds authorized at the elec¬
tion with the sale of the $70,000 tion held on
Bank of Boston,
Yost, of
July 22.
under advice of Ropes, Gray, Best school bonds to Stranahan, Harris
and by
Stanton^ Whaley & Price,
Redwood Falls, Minn.
& Coolidge,
of Snow Hill, and their
of Boston, and all & Co., Inc., of Toledo, as reported
approv¬
Bond Sale
The $13,000 water
166, p.
ing
opinion
will
be
delivered legal papers incident to this issue in our Nov. 3 issue—v.
we
be
filed
with
said
learn that the bonds and sewer bonds offered on Nov.
bank, 1832
upon request at no charge to the will
17—v.
166, p. 1832—were pur¬
purchaser. A certified check for where they may be inspected. No were sold as 13/4S, for a price of
chased by the Citizens State Bank
100.222, a basis of 1.664%. Dated
$5,000 payable to the City Treas¬ telephone bids will be accepted.
of Redwood Falls, and the State
Oct. 1, 1947. Interest J-J. Prin¬
urer, is required.
I
Hingham, Mass.
Bank of Redwood Falls, jointly,
cipal and interest payable at the
Note Offering—Karl C. Hough,
Prince George's County (P. O.
for l%s, at a price of 100.20; a
Bank of Lansing, Lansing.
Town
Treasurer,
will
receive
basis of 1.65%. Dated Dec. 1, 1947.
Upper Marlboro), Md.
1%.
be
Morrow
est
$7,000,000 series C bonds. Due on
Dec. 1, as follows: $337,000 in
1952, $345,000 in 1953, $354,-
Denomination $1,15, as follows:
$66,000 in 1956; $84,000 in 1957;
$109,000 in 1958; $132,000 in 1959;
$153,000 in 1960; $175,000 in 1961,
York
was
nomination $1,000. Due on Oct. 1,
as follows:
$5,000 in 1952; $10,000
from
Detroit Lakes,
15, 1947.
Bos¬ ;
1, from
p.m. (EST)
100.65.
purchase of
$100,000 not to exceed 4% interest Essex County (P. O. Salem), Mass.
w£l;er improvement of 1947 cou¬
Note
Offering — Sealed bids
will be
received until
11
a.m.
pon bonds. Dated Oct. 1, 1947. De¬
for
9
City Controller, will receive
bids until 10 a.m. (EST)
on
Dec. 2 for the purchase of
$917,000 not to exceed 4% inter¬
est public utility water series cou¬
pon or registered bonds.
Dated
the First Na¬
tional Bank of Boston, for 2s, at
highest bidder
Trimper, Jr., until 7
Dec.
Bond Offering—Homer R. Mar-
on
the
grandstand
sealed
Due
of
power
Bond
son,
000.
The Certi¬
municipal light
plant.
A
certified
check for $4,000 is required.
and
and
Dec.
59
payable out of the net
are
•• revenues
MICHIGAN
ficial
1962 inclusive.
fhe successful Bidder.
ficates
Detroit, Mich.
The next
1948 to
Bond Offering—Sealed bids will
be
received
by
Mayor
Daniel
on
Boston,
as
iy*s, at par. ' Dated Nov. 15,
1947. Interest M-N. Due $5,000 on
Nov. 15, from 1946 to 1957 inclu¬
sive. Principal and interest pay¬
able at the Day Trust Company,
Boston.
The next highest bidder
was Robert Hawkins &
Company,
for l%s, at 101.089.
pay¬
The
furnished
purchased by the
were
Second National Bank, of
or
proving opinion of Storey, Thorndike, Palmer & Dodge, of Boston.
ernor.
000
Louisiana (State
Bond Offering—L. B.
;
Authorized —A
14
(2151)
No
all
Shawmut
Boston.
of
be
will
be for
National
the
at
Bank
thorizing the issuance of $100,000
civic
improvement
bonds
was
signed on Nov. 10 by the Gov¬
The
County will furnish the bonds and
•
Bonds
of 1%.
will
Bids
Principal and interest
able
Greensboro, Md.
to be optional for redemption
are
•
multiples of
none.
MARYLAND
than 102 plus accrued interest will
be favorably considered.
Bonds
the rate of inter¬
name
Nov.
bids for less than par and accrued
interest.
.
.
to
are
est in
.
.
•
Nov.
on
$80,000 mu¬
nicipal relief loan, Act of 1947,
coupon bonds. Dated Nov. 1, 1947.
Denomination $1,000.
Due $20,000
on Nov. 1, from 1948 to 1951. Bid¬
$1,000. cil will receive sealed bids until
Due on Jan. 1, as follows: $12,000
7.30 p.m. on Jan. 27 for the pur¬
in 1952 and 1953; $13,000 from chase of
$499,000 not to exceed
1954 to 1956; $14,000 from 1957 to
4% interest sewer bonds.
These
1959; $15,000 from 1960 to 1962; are the
bonds authorized at the
.$16,000 from 1963 to 1965; $17,- election
on Aug. 19.
: 000
in 1966; $18,000 in 1967, and
$17,000 in 1968. No bid for less
.
a.m.
24 for the purchase of
Opelousas, La.
Bond Offering—The City Coun¬
Dated Jan.
CHRONICLE
FINANCIAL
&
Chelsea, Mass.
Offering—George F. Hederson, City Treasurer, will receive
Nov.
on
Bond Offering—Hester B. Hunter, County Court
.ceive sealed bids
COMMERCIAL
chaser. These bonds were offered
ville), Ky.
•
THE
complied
with.
or
the pro¬
checks of all unsuccessful bidders
time
not
a
reason¬
exceeding
three
days after the opening of bids. All
printing and preparation of the
Bond
main
Stoneham, Mass.
$50,000
Sale—The
coupon
bonds
Certificates
water
offered
on
and
and
interest
coupons
legal opinion in reference to
their
MISSOURI
Cabool, Mo.
Certified
validity, to be paid for by
Bond
Sale—An
issue of $20,000
public park bonds was purchased
recently by the Cabool State Bank
as 21As, at a price of 101.78, a basis
of about 2.075%.
Dated Oct. 1,
1947.
Due on Oct. 1, as follows:
$1,000 from 1949 to 1958, and $2,-
000 .from 1959 to
1963, both inclu*
€0
THE
(2152)
sive.
Dumont School District, N. J.
Sale —Of
the
$450,000
Approved as to legality by
&
Trauernicht, of
St.
Bond
Charles
school
Louis.
Pilot Grove,
Mo.
issue
of
$20,000
tion
held
proved
-&
An
—
improve¬
street
ment bonds authorized at
elec¬
an
recently has been ap¬
to legality by Charles
as
Trauernicht, of St. Louis.
Sale Details
tion with
the
R. Ross & Co., and Ryan &
Ross, all of Newark, bidding for
$449,000 bonds and naming an in¬
terest rate of 2.90%, was the suc¬
cessful bidder, paying a price of
$450,435.50, equal to 100.319, a
dated
are
In connec¬
—
J.
basis of about 2.866%.
Sedalia, Mo.
Bond
building
bonds
offered
Nov. 18—v. 166, p. 1937—a group
composed of J. B. Hanauer & Co.,
Bond Legality Approved
■5.
Nov.
on
Nov.
1,
from
1949
1
of the $1,295,-
sale
COMMERCIAL
The bonds
1947
due
and
to
1967
in¬
&
Dated Nov.
FINANCIAL
1, 1947.
CHRONICLE
Denomina¬
Monday, November 24, 1947
the opinion of
Hawkins, Delafield
City. The
highest bidder was White,
$4,000 in 1948; $9,000 in 1949; $8,- Weld & Co., National State Bank,
000 in 1950 and 1951; $5,000 in
Newark, Coffin & Burr, J, S. Rip1952; $4,000 from 1953 to 1955; $3,- pel & Co., and Rand & Co., for
000 in 1956, and $2,000 in 1957.
2.40s, at 100.078.
Rate of interest to be in multiples
of y8 or one-twentieth of 1%, and
Trenton, N. J.
tion $1,000.
will mature
must
be
bonds.
The combined issues
Nov. 1, as follows:
on
the
Bank of Metuchen.
will
all
for
same
of
Principal and interest
able (M-N) at the
Commonwealth
The purchaser
furnished
be
the
pay¬
the
with
ap¬
Bond
Sale
bonds offered
The
—
Nov.
on
$1,445,000
18—v. 166,
1937—were purchased by a syn¬
composed of the National
City Bank, of New York, Harris
p.
dicate
clusive. A group composed of B.
proving opinion of Hawkins, Dela¬ Trust & Savings Bank, of Chicago
improvement J. Van
Ingen & Co., Boland, Saffin field & Wood, of New York City, Kidder, Peabody & Co., R. W.
syndicate headed by &
Co., and MacBride, Miller & Co., that the bonds are valid and le¬ Pressprich & Co., Merrill Lynch,
the Commerce Trust Co., of Kan¬
was
second high bidder, offering
gally binding obligations of the Pierce, Fenner & Beane, White,
sas
City, as 2s, as reported in our to
pay 100.08 for $450,000 bonds Borough.
A certified check for Weld & Co., Reynolds & Co., all
Nov. 17 issue—v. 166, p. 2040—we
as 2.90s.
$1,020 payable to the Borough, is of New York, and the Illinois Co..
learn that the bonds were sold at
of
required.
Chicago, taking $1,382,000
a price of 100.03.
Fair Lawn, N. J.
Interest payable
bonds at a total cost to the City
Bond Offering—Ralph M. Bry¬
J-D.
Due serially on March
New Brunswick, N. J.
1,
for $1,794,613.30 in principal and
from 1949 to 1967 inclusive.
Bond Sale—The $740,000 bonds
ant, Borough Clerk, will receive
interest charges:
sealed bids until 8.30 p.m. on Dec. offered on Nov. 18—v. 166, p. 1937
NEBRASKA
emergency
2, for the purchase of $119,000 not —were purchased by C. J. Devine $662,000
housing
000
and park
sewer
bonds
to
a
to
Sargent
(P.
School District
Sargent), Neb.
Bonds Voted—At a recent
O.
elec¬
tion the voters approved the issu¬
of $25,500 not to exceed 2*4%
ance
construction
bonds.
exceed
Scottsbluff, Neb.
sale
garbage disposal bonds offered
postponed until Nov. 25.
NEW HAMPSHIRE
will
Treasurer,
until
bids
4
$26,000 paving bonds. These bonds
are part of an authorized is¬
sue of $32,000 bonds.
,
20,000 street improvement bonds.
16,000 general improvement
Due
$5,000
1, from 1948
Dec.
on
These
bonds.
of
bonds
part
are
authorized issue of $24,bonds.
an
000
15,000 improvement bonds. These
bonds are part of an author¬
ized issue of $19,000 bonds.
8,000 paving assessment series A
authorized
issue
of
$6,000
bonds.
3,000
paving
tional
3,000 paving, series A bonds.
ture
in
Nov.
about Dec. 15,1947.
Principal and
interest payable at above named
bank.
The purchaser will be fur¬
1, as follows: $9,000
1948; $14,000 in 1949 and 1950;
$12,000 in 1951 and 1952; $9,000
from 1953 to 1957; $4,000 in 1958;
$3,000 in 1959, and $2,000 from
nished with the
1960
on
to
Bond
•
Offering
Phaneuf,
receive
County
or
will
until
p.m.
bids
sealed
at
Arthur O.
—
2
for the pur¬
improvement
equipment bonds. Dated Oct.
"1, 1947. Denomination $1,000. Due
$20,000 on Nov. 1, from 1948 to
1951 incl.
Principal and interest
(A-O) payable at the Manchester
"Trust Co., Manchester. The pur¬
(EST)
on
Nov.
28
chase of $70,000 2%
and
chaser will be furnished with the
approving opinion of Ropes, Gray,
Best, Coolidge & Rugg, of Boston,
and a copy of their opinion will be
'furnished
the
purchaser.
The
bonds will be delivered in Boston
New
York City, at the option
purchaser, against payment
Vin Boston funds, on or about Dec.
4, 1947. These are the bonds of¬
fered on Oct. 24 for which all bids
or
of the
received
rejected.
were
No
bids
for less than par and accrued in¬
terest will be accepted.
Laconia, N. H.
Bonds
Sold—An issue of $100,-
flOO public
improvement bonds was
purchased
recently
by
Ballou,
Adams & Co., of Boston, as 1 V2s, at
}
a
price of 100.269. The next high¬
est bidder
,
was
interest
the Fair
(M-N)
payable
Lawn-Radburn
on
Warrants—Holders
of
interest-funding warrants are
advised that pursuant to the terms
of the plan of composition and the
laws
of the State of New Jersey
application has been made to
an
the
United
States
District
Court
for the District of New Jersey for
the approval of the eighth annual
accounting of the Board of Liqui¬
dation of the Borough for the ap¬
proval of the budget of the Board
for 1948, and for the fixing of
compensation
and
expenses
of
members of the Board.
place of hearing
has
The time
been
the peti¬
24,
at Courtroom No. 2
fixed
on
for Nov.
interested will be heard.
Offering
—
William
E.
Schultz, Borough Clerk, will
Bergen County (P. O. Hack^nsack), N.J.
Sale
The $850,000 gen¬
improvement bonds offered
on Nov. 14—v. 166, p. 1937—were
purchased by the Chase National
Bank, of New York, and the Na¬
tional State Bank, Newark, joint¬
ly, as 1^4s, at a price of 100.139, a
Bond
basis
of
—
1.226%.
Dated
.1947.
Interest M-N.
ly
Nov.
Nov.
1,
Due serial¬
1, from 1948 to 1955
inclusive.
The next highest bid¬
der was Salomon Bros, & Hutzletf,
on
for $849,000 as iy4S, at 100.124.
Dec.
pon
re¬
Co., of New York, as 2.35s, at
price of 100.08, a basis of about
2.33%.
Sale consisted
$94,000
general
of:
improvement
bonds of 1947.
22,000 street assessment bonds.
All of the bonds
1947
1,
and
dated Nov.
are
serially
mature
on
Nov. 1 from 1948 to 1960 inclusive.
Second
2.40s
&
of 100.159 for
by B. J. Van Ingen
bid
high
was
made
Co., Inc.
or •
registered
bonds,
as
of
Medford, as 3V2Si at par. Dated
Sept. 1, 1947. Interest M-S.
Due
serially on Sept. 1, from 1948 to
1962, inclusive.
The next highest
bidder was Boland, Saffin & Co.,
for 3.60s, at 100.051.
general
improvement
bonds.
12,000
7,000
sewer
sewer
assessment bonds.
assessment, series A
4,000 street assessment, series A
bonds.
improve¬
1, 1947.
Interest
The next highest
First
Bond
Clerk,
C.
will
exceed
6%
registered
Al-
interest
coupon
Bidder to
name
a
sin¬
gle rate of interest, expressed in
a multiple of
% or one-twentieth
of
1%.
Principal and
interest
(J-D) payable at the First Na¬
of West
Bank
Orange.
A
certified check for $2,440, payable
to order of the Town, is required.
Legality to be approved by Haw¬
kins,
Delafield
York City.
Wood
&
of
New
NEW MEXICO
Bond
Call
—
bonds,
Ingen
The
purchased
Co.,
by
B.
housing
general
improvement
bonds.
38,000
paving
assessment
series
assessment
series
TT bonds.
30,000
paving
T bonds.
28,000 street assessment bonds.
27,000 paving assessment bonds.
20,000 emergency housing bonds.
19,000 paving assessment series
4 V2 %
dated
on
Nov.
1
from
Due serially
1948 to
jointly, for 2.60s, at
full, plus accrued
Eastchester, N.
Offering—Gustave
Village
ceive
sealed
until
bids
Fishel
will
Treasurer,
Y.
Town Supervisor, will receive
a.m. (EST) on
ran,
sealed bids unitl 11
Nov. 26, for the purchase of $59,000
not to
exceed 5%
interest
$46,000
series A bonds.
Due on
follows: $9,000 from
to 1951, and $10,000 in
Oct. 1, as
1948
1952.
series B bonds.
Due on
1, as follows: $2,000 in
1948 and 1949, and $3,000 in
1950 to 1952, inclusive.
13,000
Oct.
Dated Oct.
Denomina¬
1, 1947.
tion $1,000. Rate of interest to be
in multiples of lk or 1/10 of 1%,
must
and
the
be
same
for all of
the bonds.
Principal and interest
(A-O) payable at the First Na¬
tional Bank & Trust Co., Tuckahoe.
The bonds will be delivered
about Dec. 10, at New York City,
or at such other place as may be
with the purchaser.
The
approving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished the pur¬
chaser.
A certified check for $1,-
agreed
Floral Park, N.
2
re¬
is
re¬
Y.
Bond Sale—The $21,000
Nov.
bonds
166.
19—v.
general
offered on
p.
2041—were
First National
Bank & Trust Co., Floral Park, as
1.20s, at a price of 100.03, as 1.20s,
basis
of
by
the
Dated Nov. 1,
payable M-N. Due
serially on Nov. 1, from 1949 to
1952 incl. The next highest bidder
was Tilney
& Co., for l*4s, at a
price of 100.0006.
a
1947-
NEW YORK
Bond
price
Bond Offering—William F. Ho-
1,
Babylon, N. Y.
Jr.,
a
100.83.
water
April
hand at said bank for payment
1.19%.
Interest
Kinderhook School District No. 2
for the pur¬
chase of $85,000 not to exceed 5%
(P. O. Niverville), N. Y.
Offering — Paul ,C.
Drumm,
Chairman, Board ; of
interest
Trustees, will receive sealed bids
(EST)
on
Nov.
p.m.
25,
public dock, 1947, coupon
registered bonds.
Dated Nov.
Bond
until 2 p.m. (EST) ort Dep.'l, for
1, 1947. Denomination $1,000. Due the purchase of $30,000 fhpt? to ex¬
Nov. 1, as follows: $5,000 from ceed 5% interest building bonds.
1948 to 1952, and $6,000 from 1953
Dated Dec. 1, 1947. Due $2,Q0Q On
to 1962, inclusive.
Rate of inter¬ ;Dec. 1, from 1948 to 1962 mcVide¬
est to be in multiples of Vi or 1/10 nomination $1,000.
Interject; jwyof 1%, and must be the same for able
annually on Dec. l/nf eddh
all of the bonds. Principal and in¬
year.
Rate of interest ,to *b&jh; a
terest
(M-N) payable at the multiple of *4 of 1%,/ and; iftiist
or
Babylon National Bank & Trust
Co., Babylon.
The bonds will be
delivered on or about Dec. 10, in
New York
place
the
Dated Nov. 1, 1947.
& Co.,
of
on
247,000 fire house bonds.
61,000
der, Peabody & Co., R. W. Press¬
prich & Co., and B. J. Van Ingen
purchased
of the bonds in
basis
payable M-N. Due serially
May 1, from 1948 to 1977 incl.
April 1, 1948, at the First National
Bank, Tucumcari. Funds will be
on
a
The next highest bidder was Kid¬
improvement
J.
of New York,
2lf>s, at 100.27,
Dated Nov. 1, 1947. In¬
1938, maturing serially to 1958 in¬
clusive, are called for payment on
Teaneck), N. J.
$770,000 bonds
Nov. 18—v. 166, p. 1833
&
as
180, payable to the Town,
quired.
Tucumcari, N. Mex.
revenue
Cheektowaga Union Free Sch. Dist,
No. 3 (P. O. Buffalo 21), N. Y.
Bond Sale—The $695,000 build¬
ing bonds offered on Nov. 19—v.
166, p. 2041—were purchased by
Kalsey, Stuart & Co., and Bacon,
Stevenson & Co., of New York,
or
improvement
bonds of 1947. Dated Dec. 1, 1947.
Denomination $1,000. Due Dec. 1,
as
follows: $6,000 from
1948 to
1965 inclusive, and $7,000 in 1966
tional
The ap¬
inclusive.
shall, Trimble & Mitchell, of New
City, will be furnished the
purchaser.
The next highest bid¬
der was B. J. Van Ingen & Co.,
Bacon, Stevenson & Cot", Chas. E.
Weigold & Co., E. H. Rollins &
Sons, and Geo. B. Gibbons & Co.,
Inc., jointly, for 2.15s, at 100.14.
general
1967.
1967
York
receive
sealed bids until 8:15 p.m. on Dec.
2 for the purchase of $122,000 not
to
to
highway
coupon
or
registered
bonds, divided as follows:
Orange, N. J.
Offering—Ronald
Town
1950
proving opinion of Caldwell, Mar¬
National
$1,800,677.60.
West
Cross, and Vostal, Hall & Co.,
of
New
York, as 2.10s, at
100.40, a basis of 2.063%.
Dated
Nov. 15, 1947. Interest payable MN.
Due serially on Nov. 15 from
all
on
(P. O.
Township
U bonds.
,
cost of
on
—were
bonds.
4,000. paving bonds,.
serially
Sale—The
Bond
offered
lows:
$19,000
works
the
was
18—
&
Due
interest to date called.
Teaneck
cou¬
fol¬
bidder
Shamong Township School District,
(P. O. Indian Mills), N. J.
Bond Sale—The $25,000 school
bonds offered on Nov. 14—v. 166,
p.
1937—were purchased by the
Burlington County National Bank,
Nov.
Nov.
on
166, p. 1938—was purchased by
a
syndicate
composed
of
the
Union Securities Corp., C. J. Devine & Co., Reynolds & Co., Don¬
ald MacKinnon & Co., Roosevelt
v.
terest
Bank, New York, Lazard Freres
& Co., Goldman, Sachs & Co., and
B. J. Van Ingen & Co., jointly, for
$529,000 as 2s, $191,000 as 2s, and
$722,000 as 2*/4S, at a total dollar
and
bonds.
22,900 series A street assessment
on
1, for the purchase of $51,-
000 not to exceed 6% interest
eral
&
a
emergency
bonds.
ceive sealed bids until 8 p.m.
4
Sale—The $138,900 bonds
offered Nov. 17—v. 166, p. 1937—
were awarded to Campbell, Phelps
$300,009
Metuchen, N. J.
Bond
NEW JERSEY
Edge, N. J.
Bond
Van
the
at 10.30 a.m.,
Fidelity Union Trust Co.,
and
of the United States District Court MacBride, Miller & Co., both of
on the third floor of the Federal
Newark, jointly, taking $769,000
Building in Newark, N. J., at as 2V4s, at a price of 100.169, a
which time and place all persons basis of 2.228%, to maturity:
and
Dated
payable M-N.
ford,
River
water
—
ries I bonds offered
jointly,
ment bonds, as 3s. Due serial¬
100.30.
Trust
Fort Lee, N. J.
Payment
191,000
State
a
Co., Fairlawn. The purchaser will
be furnished with the approving
opinion of Hawkins, Delafield &
Wood, of New York City, that the
bonds are valid and legally bind¬
ing obligations of the City. A cer¬
tified check for $2,380, payable to
the Borough, is required.
F. W. Home & Co.,
for iy2s, at 100.11.
of
highest bidder for the emer¬
housing bonds was the Na¬
Authority (P. O#
Buffalo), N. Y.
The $1,500,000 se¬
Sale
of 2.477%.
from 1948 to 1963 inclusive.
Bank, Newark, and
Associates, for $339,000 as 2.10s, at
for all of the bonds. Princi¬
and
tion
•
Rate
multiple of %
1/20 of 1%, and must be the
pal
Treasurer,
inclusive.
1962
interest to be in
same
O.
State
Newark, B. J. Van Ingen
& Co., J. S. Rippel & Co., and F.
R. Cole & Co., jointly, for $399,000
as 2.10s, at a price of 100.529.
The
thorized issue of $4,000 bonds.
will be delivered at the National
Hillsborough County (P.
Manchester), N. H.
National
Bank,
next
on
date
ly from 1948 to 1966 inclusive.
gency
*£hawmut Bank of Boston,
approving opinion
of Storey, Thorndike, Palmer &
Dodge, of Boston.
the
or
Bond
improvement
general
bonds, as 3s.
1,
payable
(J-D).
The
highest bidder for the water
was
1, 1952,
payment
529,000
Interest
next
assessment bonds.
are part of an au¬
Dated Nov. 1, 1947.
Denomina¬
tion $1,000.
The bonds will ma¬
or
Dec.
on
from 1948
thereafter.
from 1948 to 1962 incl.
These bonds
to 1958, inclusive.
Bidders are to
name rate of interest.
The bonds
on
Due
Nov.
on
interest
any
1948 to 1967 incl.
1.972%.
Nov. 1,
on
1962; $35,000 from 1963 to
1970, and $7,000 in 1971. Op¬
tional
340,000
emergency
housing
bonds, as 2s, at 100.113, a basis
of
follows: $25,000
as
follows:
$398,000 water bonds, as 2.10s; at
100.707, a basis of 2.02%, as
follows: Due on Dec. 1, from
2y2s. Due
as
to
Reynolds & Co., of New York,
jointly, taking $738,000 bonds as
bonds
5,000 improvement second series
bonds.
These are part of an
p.m.
on
York, Philadelphia
Bank, of Philadelphia,
and
re¬
Nov. 24, for the pur¬
chase of $55,000 equipment cou¬
pon bonds.
Dated Dec. 1, 1947.
(EST)
bonds,
& Co., of New
National
bonds.
Berlin, N. H.
Offering — Gerard L.
sealed
ceive
or
lows:
on
Nov. 18, as reported in our Nov. 3
issue—v. 166, p. 1833—has been
City
coupon
registered bonds, divided as fol¬
-of the $114,000 water extension and
Bond
interest
23.000 water of 1947 bonds.
Bond Sale Postponed—The
Morin,
6%
Sewer
Buffalo
& Wood, of New York
next
1972 incl.
Principal and interest (M-N) pay¬
able at the Bergen County Na¬
3,000 street assessment bonds.
2,000 general improvement, series tional Bank, of Hackensack. The
A bonds.
purchaser will be furnished with
City,
as may
or
at such other
be agreed upon with
purchaser.
The
approving
opinion of Vandewater, Sykes &
Heckler, of New York
be
furnished
the
certified check for
to the
be the
The
same
for all of
the fcohds.
purchaser will be furnished
with,
the
approving
opinion
of
,
Harold V. A. Drumm, Of Chatham*
as
to the validity of /the bOhds.
A certified check for
to
the
Board
of
$600 payable
Trustees, is re¬
quired.
v
•
\
City, will
purchaser.
A
$1,700, payable
Village, is required.
?.} Lake wood,
N. Y.;
Bond Sale—The $15,000 street!
improvement bonds offered Nov,
17—v. 166, p. 2041—were
awarded
Volume
166
COMMERCIAL
THE
Number 4649
FINANCIAL
&
CHRONICLE
(2153)
'
»
town,
1V4S, at
as
Co., of James¬
price of 100.083,
a
basis of about 1.22%. Dated Dec.
a
1,
1947 and due $3,000
Dec.
on
1
from 1948 to 1952 inclusive.
Lynbrook, N. Y.
Bond Sale—The
$84,000 general
improvement bonds offered on
Nov.
19—v.
166, p. 2041—were
the Lynbrook Na¬
tional Bank, as 1.30s, at a price of
purchased by
100.029, a basis of 1.295%. Dated
Dec. 1, 1947. Interest payable J-J.
Due serially on July 1, from 1948
to 1.957 incl. The approving opin¬
ion of Vandewater, Sykes & Heck¬
ler, of New York City, will be fur¬
nished the purchaser.
The next
highest bidder was Vostal, Hall &
New York City Housing
New York
loan notes—v. 166, p. 2041—
Bank & Trust Co.,
New
bidder
York,
the successful
was
for
$5,737,000, 6-months
Temporary
Loan
notes
(Issue
XXVIII) at .88% and $3,434,000,
1-year Temporary Loan notes (Is¬
sue XXVIII)
at .92%.
The Bessemer Trust
Co., of Jer¬
City, was the successful bidder
for $1,500,000 6-months' Tempo¬
sey
rary
Loan notes (Issue XXVIII) as
$500,000 at .86%
plus
follows:
$500,000 at .87%, plus $4.50,
and $500,000 at .88%, plus $5.
The New York Trust Co., of
New York, was the successful bid¬
der for $250,000, 6-months Tempo¬
rary Loan notes (Issue XXVIII)
at 1%, plus $155.62.
$4;
The Toledo Trust Co., of
the
was
Toledo,
bidder
successful
1965.
and
2 i^s, maturing on May
1, $12,000 from 1970 to 1972,
and $15,000 from 1973 to 1978,
as
all inclusive.
Chemical
the
to
1954
48,000 as 2i/4s, maturing on May
1, $12,000 from 1966 to 1969,
Dated Nov. 1, 1947. Interest pay¬
The next highest bid¬
Sold—At the offering on
Notes
of
$176,000 as 2s, maturing on May
1, $6,000 from 1949 to 1952;
$8,000 in 1953; $12,000 from
Authority,
Nov. 19 of the $11,121,000 tempo¬
rary
(P. O. Morganton), N. C.
Bond Sale—The $350,000 school
building offered on Nov. 18—v.
166, p. 2041—were purchased by
R. S. Dickson & Co., of Charlotte,
Branch Banking & Securities Co.,
of Wilson, Vance Securities Corp.,
of Greensboro, and J. Lee Peeler
& Co., of Durham, jointly, at a
price of 100.0118, as follows:
Burke County
126,000
Co., for 1.40s, at 100.089.
furnished
NORTH CAROLINA
to the Union Trust
for
$200,000, 6-months Temporary
Loan
notes
(Issue XXVIII)
at
.87%, plus $155,625.
able M-N.
der
$56,000
000
at
Alex. Brown &
was
Sons, for
3s, $120,000
2s, $72,-
as
as
2V4S, and $102,000
price of par.
as
a
as
2V2S,
Carolina Beach, N. C.
Bond
Offering—W.
E.
Easter-
1947.
principal only, water
Dated Dec. 1,
Denom.
$1,000. Due
Dec. 1,
follows:
$2,000 from 1949 to
1966 incl., and $4,000 in 1967 and
as
1968.
be
Rate
expressed in
of
1%.
of
rates
or
interest to
multiple of
a
Principal
and
Va
interest
(J-D) payable in New York City.
The bonds are general obligations
of the town,
payable from un¬
limited
for
taxes.
A
certified
check
$880, payable to order of the
Note Offering—Thomas F. Far- State Treasurer, is required. Le¬
rell, Chairman, will receive sealed gality to be approved by Reed,
bids until noon (EST) on Nov. 26 Hoyt & Washburn of New York
for the purchase
of $11,899,000 City.
Note Offering — Mr. Easterling
Temporary Loan notes
(Issue
XXIX). Dated Dec. 17, 1947. Due will receive sealed bids at the
same
time for the
as follows: $3,402,000 on June 17,
purchase of
1948 and $8,487,000 on Dec.
17, $40,000 not to exceed 6% interest
street improvement bond antici¬
1948. Principal and interest pay¬
able (J-D) at the Chemical Bank pation notes. Dated Dec. 10, 1947
& Trust Co., New York City. The and due Dec. 10, 1948. Bidder to
purchaser will be furnished with specify denom. and denoms. and
the approving opinion of Cald¬ the place for payment
of both
well, Marshall, Trimble & Mit¬ principal and interest. A certified
check for $200, payable to order
chell, of New York City. No bids
for less than par and accrued in¬ of the State Treasurer, is required.
Legality to be approved by Reed,
terest will be entertained.
Hoyt & Washburn of New York
Niskayuna Water Works District
City.
No. 2, N. Y.
Bond
Sale
extension
14
v.
—
chased
The
—
bonds
$8,000 water
offered
on
the
Bond Offering—Sealed bids will
be
Nov.
until
received
on
11
25, by W.
a.m.
(EST),
E. Easterling,
of Schenectady, as 1%S', at
Secretary of the Local Govern¬
par.
Dated Nov. 1, 1947. Interest ment
Commission, at his office in
payable M-N. Due serially on Nov.
Raleigh, for the purchase of the
1, from 1948 to 1967, inclusive.
following bonds aggregating $66,The next highest bidder was Til000:
ney & Co., for 2V2s, at 100.35.
Co.,
Olean, N.
Y.
Bond Offering—Sealed bids will
be
on
until
received
2
p.m.
(EST),
Due
Nov. 25, by E. W. Sturm, City
Clerk, for the purchase of $50,(serial) bonds. Coupon
bonds, convertible into fully reg-
000 sewer
istered bonds. Denomination
$1,000.' Dated Nov. 15, 1947. Due
$5,000 from Nov. 15, 1948 to 1957,
incl. Principal and interest (M-N
15) payable at the First National
Bank
of
Olean.
Interest
not to exceed 5%.
is
rate
The approving
opinion of Vandewater, Sykes &
Heckler, of New York City, will
be furnished to the purchaser
without cost.
Each
bid
must
be
for all of said bonds and state
single
rate
of
Unless
all
bids
interest
are
a
therefor.
rejected the
award will be made to the bidder
fccmiplylng with the terms of sale
and
offering
bonds
terest,
at
the
to
purchase
lowest
rate
of
said
in¬
not
exceeding the rate
above specified, stated in a multi¬
ple of % on 1/10 of 1% per annum.
Each bid must be accompanied
with
a
certified
or
cashier's check
to the order of said City for $1,000
as a
good faith deposit.
$3,000
to 1966,
on
June 1, in 1964
incl.
Coupon bonds registerable as to
principal
alone.
Denomination
$1,000. Dated Dec. 1, 1947. Prin¬
cipal and interest (J-D) payable
in New York
A
separate
(not
less
City in legal tender.
bid for each issue
than
par
and
accrued
interest) is required. Bidders are
requested to name the interest
rate or rates, not exceeding 6%
in multiples of
Va of
1%; each bid may name one rate
for part of the bonds of either
per
annum
issue (having the earliest maturi¬
ties) and another rate for the bal¬
ance, but no bid may name more
than two rates, for either issue.
The bonds will be awarded to the
bidder offering to purchase the
bonds at
to
the
lowest interest cost
the
County, such cost to be
determined by deducting the total
amount of the premium bid from
the aggregate amount of interest
in¬
an
trust
com¬
the
State
Treasurer
of North Carolina for
$1,320. The
approving opinion of Mitchell and
Pershing, New York City, will be
furnished the purchaser.
Bond Offering—Sealed bids will
be
on
Nov.
until
received
11
(EST),
W. E. Easterling,
25, by
a.m.
Secretary of the Local Govern¬
ment Commission, at his office in
Raleigh, for the purchase of $186,000 electric light system bonds.
Denomination $1,000. Dated Dec.
1, 1947. Due on June 1, as follows:
$4,000 in 1950 to 1958; $5,000 in
1959 to 1962, and $10,000 in 1963
to 1975, all incl., without option
of prior payment.
Principal and
interest payable in lawful money
in New York City. Coupon bonds,
registerable as to principal only.
Interest payable J-D.
Bidders are requested to name
the interest rate or rates, not ex¬
ceeding 6% per annum in multi¬
ples of Va of 1%. Each bid may
name
one
rate
bonds
and
another
the
bid
than
bidder
the
rate
of
of
or
rates
bid
no
may
rates, and
specify in his
of bonds
rate
the
four
must
amount
Each
bonds
part
balance, but
more
each
for
must
of
be
consecutive
offering to purchase the bonds
the lowest
at
of the bonds until their
each
bid
for
by
bonds
offering
at
the
to
the
interest
cost
lowest
payable
of
Carolina
maturities.
No
bid
be
will
Bids
must
be
enclosed
in
a
sealed envelope marked "Proposal
for Bonds" and be
accompanied
by
certified check
a
corporated bank
payable
order
or
upon
(EST),
erling,
the
in¬
State
to
the
Treasurer
of
North Carolina for $3,720.
The ap¬
proving opinion of Reed, Hoyt &
Washburn, New York City, will be
furnished the purchaser.
burg), N.
Voted
election
on
Nov.
the
proved
—
C.
At
4 the
issuance
general
voters ap¬
of
$150,000
county hospital bonds.
Gastonia, N. C.
Offering — Sealed bids
Bond
be
(EST),
erling,
received
until
11
Nov. 25, by W. E. East¬
Secretary of the
Local
Government
office in
of
Commission, at his
Raleigh, for the purchase
the
following bonds aggregat¬
ing $930,000:
$400,000
water
bonds.
Due
on
March 1, as follows: $6,000 in
1950 to 1964, $10,000 in 1965,
and
$15,000 in
1966
to
1985,
all inclusive.
355,000 electric light bonds. Due
on March 1, as follows:
$6,000
in 1950 to 1954; $8,000, 1955 to
1959, and $15,000 in 1960 to
1978, all inclusive.
175,000
sanitary sewer bonds.
Due on March 1, as follows:
$3,000 in 1950 to 1961; $6,000
in 1962, and $7,000 in 1963 to
1981, all inclusive.
Denomination
$1,000. Dated
Sept. 1,1947. Coupon bonds, regis¬
terable as to principal alone. Prin¬
cipal and interest (M-S) payable
in New York City in legal tender.
There will be
no
auction.
arate bid for each issue
than par and accrued
required.
to
name
Bidders
are
A sep¬
(not less
interest) is
requested
the interest rate
or
rates,
not
exceeding 6% per annum in
multiples of Va of 1%; each bid
may name one rate for
bonds
of
part of the
issue (having the
earliest maturities) and another
rate or rates for the
balance, but
any
bid may name more than four
rates for any issue, and each bid¬
upon all of the bonds until their der must
specify in his bid the
respective maturities.
amount of bonds of each rate.
Bids must be on a form to be 1 Each rate must
be bid for bonds
no
State
the
to
Treasurer
of
for
received
until
11
a.m.
Nov. 25, by W. E. East¬
Secretary of the Local
on
1956
to
1958,
and
$5,000
in
1959.
18,000
refunding
water
bonds.
Due
on Dec. 1, as follows: $2,000 in 1948 to 1953, and $1,000
in 1954 to 1959, all inclusive.
20,000
school
Due
rate
per
to
refunding
for
refunding bonds.
$2,000 in 1948
1951, and $1,000 in 1952 to
Dec. 1,
on
A
separate bid for each issue
less than par and accrued
interest) is required. Bidders are
requested to name the interest
rate
or
per
rates,
not exceeding 6%
in multiples of Va of
annum
Each bid may name one rate
part of the bonds of each is¬
(having
sue
name
the
earliest
another
and
the
for
rate
balance, but
more
than
matur¬
or
bid
no
three
rates
may
rates
for
each
issue, and each bidder must
specify in his bid the amount of
bonds
of
each
rate.
Each
must be bid for bonds of
tive
maturities.
The
of
the
bonds
rate
one
of
either
(having the earliest matur¬
ities) and another rate 01* rates for
the
balance, but
than
more
bid may
no
rates
four
for
name
either
issue, and each bidder must spe¬
cify in his bid the amount of
bonds
of
each
rate.
Each
must be bid for bonds of
tive
maturities.
The
rate
consecu¬
bonds
be awarded to the bidder
will
offering
purchase the bonds at the low¬
est interest cost to the
Town, such
cost to be determined by deduct¬
ing the total amount of the pre¬
bid
from
the
aggregate
amount of interest upon all of the
bonds until their respective ma¬
mium
turities.
Bids must
furnished
be
on
with
a
form
to
additional
be
infor¬
mation and must be
accompanied
by a certified check upon an in¬
corporated bank or trust company,
payable unconditionally to the or¬
der
of
the
North
State
Carolina
Treasurer
of
for
$1,680.
The
approving
opinion
of
Storey,
Thorndike, Palmer & Dodge, Bos¬
ton, Massachusetts, will be fur¬
nished.
NORTH DAKOTA
Rugby, N. Dak
Bond Offering—Sealed and oral
the County Auditor of Pierce
County, until 3 p.m. on Dec. I, for
the purchase of $127,000 not to ex¬
of
rate
Interest J-J. Denomination $1,000,
Due on Jan. 1, as follows: $12,COO
in 1950; $10,000 from 1951 to 1959
and $5,000 from 1960 to 1964 in¬
clusive.
bonds
held
deduct¬
ing the total amount of the pre¬
the
Oct. 20.
on
name
These
the
at
a
single
the
are
election
Principal and in¬
payable
or
at
any
suitable
trust company named by
purchaser.
No
bids
for less
than par and accrued interest will
be
considered.
The
approving
legal opinion of Dorsey, Colman,
Barker, Scott & Barber, of Min¬
neapolis,, must be accepted by the
purchaser.
A certified check for
3%
of
the
amount
for payable to the
of
bid
bonds
City Treasurer,
is required.
will
interest cost to the City, such
from
interest.
authorized
terest
bank
the
Bidders to
of
rate
OHIO
offering
cost to be determined by
bid
interest sewage disposal
bonds. Dated Nov. 1, 1947.
coupon
Anderson
Township (P. O.
Cincinnati), Ohio
to purchase the bonds at the low¬
mium
part
consecu¬
bonds
be awarded to the bidder
est
issue
rates, not exceeding 6%
in multiples of Va of
ceed 4%
1959.
Coupon bonds registerable as to
principal only. Denomination $1,000. Principal and interest (J-D)
payable in lawful money in New
York City.
*
(not
each
bids will be received at the office
sewer
to
for
issue
1955, and $1,000 in* 1956 to
Due
or
bonds.
1959.
16,000
bid
annum
Dec. 1, $2,000 in 1948
on
a.m.
on
in¬
an
$64,000 street improvement re¬
funding bonds. Due on Dec. 1
as follows:
$4,000 in 1948 to
1951; $5,000 in 1952 and 1953;
$6,000, 1954 to 1955; $7,000,
ities)
the
upon
trust company,
or
Commission, at his
Raleigh, for the purchase
of the following bonds aggregat¬
ing $118,000:
1 %.
Franklin County (P. O. Louis-
infor¬
accompanied
Government
for
Bonds
additional
office in
trust company,
unconditionally
of
an
to be
High Point, N. C.
Offering — Sealed bids
be
separate
payable
New York
(not less than par and accrued
interest) is required. Bidders are
requested to name the interest
to
of
entertained.
the
Bond
less than par and accrued interest
will
form
a
$18,600.
The
approving opinion of Mitchell and
Pershing, New York City, will be
furnished the purchaser.
upon
respective
on
unconditionally
order
the Town, such cost to be de¬
termined by deducting the total
amount of the premium bid from
aggregate amount of interest
all of the bonds until their
with
North
to
the
be
corporated bank
maturities.
purchase
must
certified check
a
A
money
1%. Each bid may name
mation and must be
The bonds will be awarded to the
bidder
respective
maturities.
furnished
lawful
interest cost to the
City, such cost to be determined
by deducting the total amount of
the premium bid from the aggre¬
gate amount of interest upon all
Bids
Farmville, N. C.
,
$57,000 refunding road and bridge
bonds.
Due $19,000 on June
1, in 1964 to 1966, incl.
9,000
refunding
school bonds.
of
order
will
North Carolina
upon
payable unconditionally to
pany,
Duplin County (P. O. Kenansville),
Nov.
166, p. 1938 — were pur¬
by the Schenectady Trust
in
City.
rate.
bonds.
The
by a certified check
corporated bank or
terable
sewer
maturities.
(J-D)
name
and
consecutive
in
(EST) on Nov. 25
for the purchase of $44,000 not to
exceed 6% interest coupon, registo
of
cipal and interest
until
as
infor¬
bonds will be awarded to the bid¬
for
a.m.
additional
der
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed bids at his office in Raleigh
11
with
mation and must be accompanied
61
aggregate
Bonds
Not
eral election
did
not
$94,000
Ashland
the
gen¬
issuance
memorial
of
building
bonds.
turities.
the
Nov. 4 the voters
approve
war
amount of interest upon all of the
bonds until their respective ma¬
Voted—At
on
Bids must
furnished
be
with
on
a
form to
additional
be
infor¬
City School D'strict, Ohi~>
At the general
Bonds Voted
election
on
—
Nov.
the voters
4
issuance
mation and must be accompanied
proved
by
ap¬
construction bonds.
a
certified check upon an in¬
corporated bank
payable
order
or
trust company,
unconditionally
of
the
State
the
to
Treasurer
of
North Carolina for $2,360.
The
approving opinion of Reed, Hoyt
& Washburn, New York City, will
be furnished the purchaser.
the
Athens
Bonds
School
Not
eral election
of
District,
$400,000
Ohio
Voted—At
the gen¬
Nov. 4 the voters
on
did not approve the issuance
$72,000 construction bonds.
of
Aurora Local School District,
Ohio
Weaverville, N. C.
Bond
will
be
(EST)
erling,
Offering
received
—
Bonds Voted
Sealed bids
until
11
a.m.
Nov. 25, by W. E. East¬
Secretary of the Local
Government Commission, at his
office in Raleigh, for the purchase
of the following bonds aggregat¬
ing $84,000:
on
$49,000 water and sewer refund¬
ing bonds. Due on June 1, as
follows: $1,000 in 1949 to 1965,
$2,000 in 1966, and $3,000,
1967 to 1976, all inclusive.
35,000 street improvement re¬
funding bonds. Due on June 1,
$2,000 in 1949 to 1965, and $1,000,1966.
\
Denomination
$1,000.
Dated
election
on
proved
the
At
—
Nov.
the
general
4 the voters
issuance
of
ap¬
$65,000
construction bonds.
Bedford, Ohio
Bonds
election
Voted
on
—
At
the
general
Nov. 4 the voters
ap¬
proved the issuance of $20,000 fire
apparatus bonds.
Berlin
Local School
District, Oh>y
general
Nov. 4 the voters ap¬
Bonds Voted
election
on
proved
the
—
At the
issuance
of
$42,000
construction bonds.
Bloom
(P.
Township School District
O. Bloomville), Ohio
At the general
Bonds Voted
election
on
—
Nov.
4 the voters
Dec. 1, 1947. Coupon bonds regis¬ proved the issuance
terable as to principal only. Prin- construction bonds.
of
ap¬
$125,000
,
62
(2154)
THE
Boston Heights (P. O. Boston),
,X,
Ohio
Bonds Voted — At the
general
election
Nov. 4 the voters ap¬
on
COMMERCIAL
Chuckery-Darby Local Sch. Dist.
{P. O. Marysville), Ohio
&
FINANCIAL
Margaretta School District (P. O.
>
Sandusky), Ohio
,
.
Bonds Not Voted—At
eral election
the
gen¬
Nov. 4 the voters
on
CHRONICLE
Bonds Voted
election
At the
—
general
Nov. 4 the voters ap¬
issuance of $303,000
on
Seven
Monday, November 24, 1947
Hills
(P. O. Cleveland 9), proved the issuance of $12,000 fire
Ohio
apparatus and site purchase bonds.
Bond Offering — Herman GerWest Lafayette School District,
vais, Village Clerk, will receive
proved the issuance of $47,500 fire
did
station construction and apparatus
$110,000 construction bonds.
construction bonds.
Crawford
improvement bonds. Dated Dec. 1,
District, Ohio
1947.
Denomination $1,000
Bonds Voted
and
At the general
one for $800.
Due on Dec. 1, as
election on Nov. 4 the voters ap¬
follows: $6,800 in 1949, and $6,000
proved the issuance of $125,000
bonds.
Bowl'ng Green Local Sch. Dist.
(P. O. Granville), Ohio
Bonds
Not
Voted—At
eral election
did
not
the gen¬
Nov. 4 the voters
on
the
approve
issuance
of
not
Not
eral election
not
issuance of
County (P. O. Bucyrus),
•
Bonds
did
the
approve
Ohio
the
gen¬
Nov. 4 the voters
on
the
Mentor
the
School
of
from
construction bonds.
$125,000 construction bonds.
Mowrystown, Ohio
Dresden, Ohio
Bonds Voted — At the general
School District, Ohio
Bonds Not Voted—At the gen¬ election held on Nov. 4 the
voters
Boftds Npt Vp.ted^~At the gen¬ eral election, on Nov- 4 the voters approved the
issuance of $8,000
eral election on Nov. 4 the voters did not
approve the issuance of lire equipment purchase bonds.
did pot approve the issuance of $25,000
municipal building bonds.
Mt. Blanchard Local Sch. Dist.,
$50,000 construction bonds.
Fairfield Township (P. O.
Ohio
R. R.
Bridgeport, Ohio
No. 3, Hamilton), Ohio
Bonds Not Voted
At the gen¬
Bonds Net Voted—At the
Bonds Voted
gen¬
At the general eral election on Nov. 4 the
—
voters
—
Brooklyn Heights (P. O. Cleve¬
land), Ohio
Bond Offering
Harvey Betiscover, Village Clerk, will receive
Falls
Township Local Sch. Dist.
(P. O. Zanesville), Ohio
—
sealed bids until
for
noon
Dec.
on
15
the
purchase of $30,000 3%
water main bonds. Dated July 1,
Nov. 4 the voters ap¬
on
proved the issuance of $15,000 fire
apparatus,
site
purchase
and
building bonds.
Bonds Voted
election
on
proved
the
At the
—
Nov.
4 the
general
voters ap¬
issuance
of
building bonds.
than
any
bid for
in
a
and accrued interest at
par
interest period. Bidders
different rate of interest
a
multiple
of
Vi
cipal and interest
of
land. These bonds
election
School
the
prove
issuance
construction
Garfield
(A-O)
payable
Co., Cleve¬
authorized
were
primary election
May 6,
1947. A certified check for $500
payable to the Village Treasurer,
is required.
on
Bonds
Not
did
not
the gen¬
Nov. 4 the voters
on
the
approve
issuance
of
$340,000 flood water relief bonds.
Campbell
Bonds
School
Voted
election
on
proved
the
District, Ohio
At
—
the
genei-al
Nov. 4 the voters ap¬
issuance
of
$752,000
Bonds Not
did
not
Canterbury Local Sch. Dist., Ohio
Bonds
Voted
At the
—
general
Nov. 4 the voters ap¬
the issuance of $189,000
on
proved
the
gen¬
Nov. 4 the voters
issuance
the
of
$350,000 construction bonds.
Germantown Local School District,
Ohio
Nov.
the
proved
At the general
—
4 the
issuance
site purchase and
Harmony
voters ap¬
of
$200,000
building bonds.
School District
(P. O. Springfield), Ohio
Bonds
Local
Not
Voted—At
eral election
did
not
the
gen¬
the
issuance
of
construction bonds.
Nov.
on
proved
At the
—
the
the
issuance
of
Sch.
Dist.,
Nov.
general
of
Clerk,
Board
receive
of
Education,
sealed bids until
will
noon
on
Dec. 16 for the purchase of $189,000 not to exceed 2V2%
building
bonds.
coupon
Dated Jan. 1, 1948.
Junction
sealed
bids
election
until
L.
noon
on
on
$1,000. Due $9,000
Oct. 1, from 1949 to 1969 incl.
Rate of interest to be in
multiples
-
of 14 of 1%.
Principal and interest
(A-O) payable at the First-Knox
ap¬
$160,000
National
Bank,
Mt.
Vernon.
multi¬
a
are
the
bonds
authorized
general ^lection
at
Nov. 4.
the
payable
to
the
Village, is
required.
the
on
the
At
—
election
At the
—
sewage
offered,
the
to
District,
proved
Voted
on
the
sanitary
bonds.
At
the general
Nov. 4 the voters ap¬
—
issuance
of $200,000
special assessment
sewer
Bonds Not Voted—At the same
election the voters did not
ap
the issuance of $30,000 sani¬
tary sewer system bonds.
prove
Chestc(P.
Township School District
O. Creston), Ohio
Bonds Voted
election
on
proved
the
At the general
Nov. 4 the voters ap¬
—
issuance
issuance
of
$50,000
construction bonds.
of
$280,000
disposal bonds.
Local
School
District,
Township School District
(P. O. Willoughby), Ohio
election
the
proved
At
—
Nov.
on
4
issuance
construction
the
the
general
voters ap¬
of
on
general
Nov. 4 the voters ap¬
the
issuance
of
$100,000
At
—
the
general
Nov. 4 the voters ap¬
issuance of $120,000
on
the
construction
Paint Local
bonds.
School District
Bonds Voted
proved
(P. O.
At the
—
Nov.
4
the voters ap¬
issuance
of
$35,000
on
the
$230,000
Bonds Voted
election
proved
At
—
the
general
4 the voters
issuance
of
election
proved
eral election
did
not
gen¬
Nov. 4 the voters
on
approve
the
issuance
on
the
At the
Nov.
of
Bonds Not Voted—At
eral election
not
$750,000
on
Local
Sch.
(P.
O.
Reily),
election
on
At the general
Nov. 4 the voters ap¬
—
the
gen¬
Nov. 4 the voters
the issuance of
harbor improvement
approve
Loudonville, Ohio
proved
the issuance
construction bonds.
of
$12,000
Bonds Voted
election
election
on
proved
the
At the general
Nov. 4 the voters ap¬
—
issuance
of
water works bonds.
$25,000
At the general
Nov. 4 the voters ap¬
—
the
issuance
of
$3,500
drainage and improvement bonds.
proved
election
Bonds Voted
election
prove
—
At the general
Nov. A the voters ap*
the
issuance of
$40,000
on
construction bonds.
general
sale
of
general
Nov. 4 the voters ap¬
the issuance of
$10,000
construction
and
fire
apparatus bonds.
in
166,
Nov.
our
1938—we
p.
on
the
10
as
issue
learn
that
Nov. 1, from 1948 to 1957,
incl.
Union Local School District
(P. O.
Mansfield), Ohio
At the gen¬
eral election of Nov. 4 the voters
did
not
—
the
approve
on
Nov. 4
the voters ap¬
proved the issuance of $25,000 im¬
provement bonds.
issuance
of
St. Marys, Ohio
not
approve
the
issuance
$120,000 recreation bonds.
be
&
& Co., Inc., Phelps,
Co., Eldredge & Co.,
Hemphill, Noyes & Co., E. H. Rol¬
lins & Sons, Ohio Cd., of Colum¬
bus, Mullaney, Ross & Co., and
Charles A. Hinsch & Co., jointly,
2%s, at a price pf 101.117.
for
Chickashov Okla.
Bond
to
Election—At
be held
will
on
consider
$125,000
site
Enid
the
issuance
purchase
construction
election
an
Npv. 25 the voters
and
of
park:
bonds.
School District, Okla.
Sale Details—In connec¬
Bond
tion with the sale of the
building
bonds to
Bank
&
the
$565,000
First
Na¬
Trust Co., and C*
Edgar Honnold, both of Oklahoma
City, jointly, as lJ/2s, as reported
in
Nov.
our
1834—we
were
3
issue—v.
learn
that
166, p..
bonds
the
sold at par.
Moor eland,
Untied Local School District (P. O
Uniopolis), Ohio
Bonds Not Voted—At
did
not
on
the
gen¬
Nov. 4 the voters
approve
the
Vermilion
Bonds
School
Voted
on
the
—
issuance
of
District, Ohio
At the
general
Nov. 4 the voters ap¬
issuance
-
Wadsworth
Local
of
system
Nov.
District,
proved
on
the
—
At the
bonds
issuance
of
ap¬
$120,000
Walnut
Township School District,
of
offered
-on
authorized
at
the 'election
Oct. 21.
on
Mountain
—
View, Okla.
The $110,000 water
works improvement bonds offered
on Nov. 18 were
purchased by the
R.
general
Nov. 4 the voters
bonds
166,. p. J939—were
purchased by the R. J. Edwards,
Inc., of Oklahoma City, at a price
of 100.01, for $18,000 as
2V2s, and
$7,000 as 2%s.
These are the'
Bond Sale
School
Okla.
$25,000 electric
13—v.
$292,000
Ohio
Bonds Voted
Bond Sale—The
light
$290,000 construction bonds.
J. Edwards,
City,
at
2.308%.
Inc., of Oklahoma
interest
net
a
1963, and $12,000 in
the
election
cost
Due $7,000 from
bonds
on
1964.
authorized
Oct.
of
1950 to
These
at
the
28.
Ohio
Bonds Not Voted—At the gen¬
eral election on Nov. 4 the voters
not
$225,00,0
approve
the issuance
of
auditorium-gymnasium
bonds.
•r:;: :;r
Wayne Local School District^ (P. O.
Waynesville), Ohio•
Bonds Vote#;
At the general
election
on Noy. 4 the voters
ap¬
proved the issuance$202*500
site purchase and building bonds.
Bonds Not Voted—At the
gen¬
eral election on Nov. 4 the voters
did
will
The next
Blair
tional
Bonds Not Voted
Cleveland,
highest and only other bidder was
Halsey, Stuart & Co., Lehman
tpe bonds were sold at 102.75, as
2s, a basis of 1.444%. Dated Nov
I,-1947. Interest M-N. Due seri¬
did
(P. O. Ridgeville), Ohio
Bonds Voted— At the general
election
of
furnished the purchaser.
$12,000
to
construction bonds.
At the
—
a
OKLAHOMA
the
bonds
of
& Co., of Detroit, as
price of 101.66, a basis
2.352%.
Interest
J-D.
Due
Vj?s, at
connec¬
Bank, of Uhrichsville,
on
proved
town hall
Madison, Ohio
Cbristiansburg, Ohio
Bonds Voted
on
the
Co.,
aid-Moore
2
are
Bonds Voted
Ridgeville Local School District
Dist.,
Ohio
Bonds Voted
-r-v.
Details—In
apparatus
United
$100,000
bonds.
Chippewa Lake
with
election
Township
At the
general
Ohio
Lorain, Ohio
did
tion
$2,700,000
headed
Trust
Fenn
Nov. 4 the voters ap¬
the issuance of $300,000
Sale
'
The
—
syndicate
a
Uhrichsville, Ohio
improvement bonds.
Reily
oy
Bros.,
on
Bond
proved
of
$50,000 construction bonds.
Sale
Dempsey,
Tuscarawas),
—
Ohio
Bond
general
Ohio
election
bonds,.
Youngstown City School District,
construction bonds.
4 the voters ap¬
issuance
building
—
serially from 1947 to 1968 incl..
The opinion of Squire, Sanders &
Township School
Bonds Voted
election
Poland School District, Ohio
the
At the
District (P. O.
ap¬
bonds.
—
Township School District
(P. O. Xenia), Ohio
At the general
election on Nov. 4 the voters
ap¬
proved the issuance of $250,000
Bonds Voted
of
school bonds.
$800,000
bonds.
Bonds Voted
Xenia
O. Rey-
Nov. 4 the voters ap¬
issuance of $257,000
eral election
Nov.
on
the
construction
Bonds Not
ap¬
$328,000
bonds.
—
$179,000
$48,000 construction bonds.
general
Piqua City School District, Ohio
Lafayette Local School District
(P. O. Lodi), Ohio
Voted—At
on
the
reported
At the
—
building bonds.
election
of
noldsburg), Ohio
fire
building bonds.
Kirtland
Bonds Voted
Centerville, Ohio
Bonds
election
the
—
issuance
Bonds Voted
general
Nov. 4 the voters ap¬
the issuance of $175,000
Bonds Voted
proved
general
4 the voters
School District (P.
on
Hill
election
of
construction bonds.
Greenfield), Ohio
At the general
Nov. 4 the voters ap¬
on
proved
is required.
Truro
general
Nov. 4 the voters ap¬
issuance of $296,000
improvement bonds.
proved
At the
—
Nov.
Tuscarawas
the
bonds.
Kenton, Ohio
cer¬
payable
of $150,000
system bonds.
Bonds Voted
of the bonds
A
4 the voters ap¬
issuance
sewer
Voted
construction
Norwalk, Ohio
Bonds Voted
Bonds Voted
At the general
—
Nov.
on
proved
tified check for 1%
on
Bonds
$1,000
election
issuance
Tipp City School District,' Ohio
election
street
the
auditorium-gymnasium
bonds.
proved
proved
At the gen¬
Nov. 4 the voters
on
approve
$75,000
No bids for less
Owensville School District, Ohio
No
bids for less than par and accrued
interest will be accepted.
These
not
ally
Kent, Ohio
storm
did
than par and accrued interest will
be accepted. A certified check for
election
District,
—
Bidders may name dif¬
V4 of 1%.
proved
School
Ohio
the
bonds.
Bonds Voted
Zanesville
proved
Ohio
At the general
the issuance of $7,000 fire
fighting equipment purchase
election
Nov. 4 the voters ap¬
the
issuance of
$60,000
on
on
ple of
the general
recreation field purchase bonds.
South
of
by the
Chicago,
Harriman Ripley & Co., Inc., and
consisting of McDonald & Co,, of
Cleveland, Braun, Bosworth &
Co., Inc., Stranahan, Harris & Co.,
Inc., of Toledo, Field, Richards
Co., Hayden, Miller, & Co,, Fahey,
Clark
&
Co.,
First
Cleveland
Corp., all of Toledo,
First
of
Michigan Corp., of Detroit, Provi¬
dent Savings Bank & Trust
Co., of
Cincinnati,
Milwaukee
Co.,
of
Milwaukee, Martin & Burns &
Corbett, of Chicago, Bell, Burge
& Kraus, of Cleveland, Weil, Roth
& Irving Co., Van Lahr, Doll &
Isphording, Pohl & Co., Seasongood & Mayer, Assel, Kreimer 8a
Co., all of Cincinnati, Detmer &
Co., of Chicago, Merrill, Turben
& Co., of Cleveland, and McDon-
At the general
—
issuance
District,
Silverton, Ohio
election
the
construction bonds.
Northern
At
general
building bonds offered on Nov, IT,
v. 166, p. 1834—were purchased
Nov. 4 the voters ap¬
Bonds Voted
election
ferent rate of interest in
proved
At the
—
Nov. 4 the voters ap¬
on
re¬
proved the issuance of $8,000 site
purchase bonds.
$1,000. Interest payable M-S. Due
$1,000 on Sept. 1, from 1949 to
Bonds Voted
prove
Denomination
on
—
Voted
election
purchaser.
Ohio
Dated Sept. 1, 1947. Denomination
1953 incl.
the
Local School
eral election
re¬
in¬
of
check for $700 is
Lake
proved
Nov. 4 the voters ap¬
on
Silver
Nov. 28 for the purchase of $10,000 3% street improvement bonds.
City, Ohio
—
furnished
Bonds Not Voted
Braucher, Village Clerk, will
Oak
Bonds Voted
be
$50,000
North Caton, Ohio
Offering — Lester
Bidders
quired.
4 the voters ap¬
issuance
construction bonds.
Centrrburg Local Sch. Dist., Ohio
Bond Offering—Lester J.
Essig,
will
proved
At the
Norwood, Ohio
general
voters
Local
—
Bonds
approving opinion of Squire,
Dempsey, of Cleveland,
A certified
construction bonds.
District
(P. O. Elmore), Ohio
election
the
sewer
Harris-Elmore School
Bonds Voted
011
proved
Nov. 4 the voters .election
on
approve
general
Ohio
ceive
Voted—At
on
approve
on
Waterford
Bond
Heights City Sch. Dist.,
eral election
New
Ohio
~
Sanders &
$15,000
improvement bonds.
$615,000
$221,000 building bonds.
construction bonds.
election
of
Ohio
election
Voted—At
eral election
general
bonds.
Bonds Voted
Bryan, Ohio
At the
The
Bonds Voted
Nov. 4 the voters
incl.
multiples of
approved the issuance of
street
1958
different rates
V\ of 1%.
Principal
and
interest
payable
(J-D) at the Cleveland Trust Co.
election
At the
—
on
in
to
of
Healthy, Ohio
election held
election
Ohio
District,
—
Nov. 4 the voters ap¬
on
Mt.
Bonds Voted
Bonds Voted
1%. Prin¬
at the Cleveland Trust
at the
may
Gallon
not approve the issuance
$20,000 construction bonds.
$75,000
1947.. Denomination
$1,000. Due
$2,000 on April 1, from 1949 to
1963 inclusive, subject to redemp¬
tion prior to maturity at more
did
Bonds Voted
name
terest
Br*ek*ville
election
1950
may
issuance
$24,000 construction bonds.
eral election kon Nov. 4 the voters
did not approve the issuance of
$80,009 municipal building bonds.
sealed bids until 8 p.m. on Dec. 2
the purchase of $60,800 3%
for
—
Voted—At
approve
proved
Wayne To^bhsftip (P. O,
Waynesville), Ohio ['
Bonds Voted
At the general
Newkirk, Okla.
Bond
offered
election
—
on
Noxsdbthe voters ap¬
$50,000
bonds
Nov. 19—v. 166, p. 2043
purchased by C. Edgar
Honnold, of Oklahoma City, 'as
l%s, and IV2S, at a price of 100.-
—were
005, as follows: '
'
$35,000 water works "repair, ex¬
tension
a nd
improvement
bonds. Due serially frOm 1950
to 1861 inclusive.
15,000 electric light extension
bonds. Due
-
...
Sale—The
on
;
Additional
(not
serially front* 1950
to 1957 inclusive.
$5,000)
Sale
—
fire
The $5,60(1
department
Volume
bonds, .offered
the
at
time
same,
purchased by the First Se¬
were
curities
Corp., of Wichita, and
Evan L. Davis, of Tulsa, jointly,
as
1V2S, at a price of 100.142, a
basis of 1.472%. Due
serially from
highest
1950 to 1954 inch The next
bidders
the First
were
Securities
Corp., of Wichita and Associates,
$49,000 as l%s, at a price of
100.03, and C. Edgar Honnold, for
$5,600 as IV2S at a price of 100.003.
for
Sale
connec¬
City,
for
$40,000 as
2V4S, $53,000 as 2%$, and $57,000
as 2 % s, ,as reported in our Nov. 7
issue—v. 166, p. 1939—we learn
that the bonds were sold at par.
University of Oklahoma (P. O.
Bond
Offering
Regents will
until
Nov.
—
The Board
receive
of
bids
sealed
24 for the purchase of
$2,500,000 dormitory bonds. Sale
was originally scheduled for Nov.
19.
Denomination $1,000.
Due on Dec.
1, as follows: $5,000 from 1948 to
1959, and $3,000 in 1960. Bidder
to name the rate of interest in
elec¬
an
recently the voters
ap¬
proved $5,000 well bonds.
8
p.rft.
on
City Recorder,
Nov.
for
24
the
purchase of $22,000 not to exceed
4%
interest
water
rate
one
of
A cer¬
tified check for 2% of the face
of the
amount
bonds, payable, to
Treasurer, is required.
Croyle Township School District
(P. O. Ebensbury), Pa.
Bonds Not
eral election
bonds.
Dated
Jan. 1, 1948. Interest J-J. Denom¬
ination
$1,000.
Due
$1,000
on
Voted—At the gen¬
Nov. 4 the voters
did not approve the issuance
$55,000 construction bonds.
of
District
ceive
sealed
(EST)
will
Secretary,
until
bids
re¬
8
p.m.
Dec. 2 for the purchase
on
$60,000 funding.and improve¬
Dated Dec. 1,
Denomination $1,000.
Due
1947.
$5,000
incl.
Dec. 1, from 1948 to 1959
on
Bidders to
interest in
the rate of
name
multiple of Vs of 1%.
a
Bids will be received at any one
rate of interest but no bid com¬
bining two different rates of in¬
terest will
be accepted.
Regis¬
1950 to 1971, incl.,
tered as to principal
only. The
after two years from
bonds will be issued subject to the
date. Principal and interest pay¬
favorable opinion of Townsend,
able
at
the
office of the
City
Treasurer.
A certified check for Elliott & Munson, of Philadelphia.
Jan.
1, from
optional
2% of the par value of the bonds
is required.
A
certified
face
'
value
check
of
the
for 2%
of
the
amount of
the
,
bonds,
Port
Alsea
of
(P.
O.
payable
to
District
the
Treasurer, is required.
Offering
Ready,
Secretary,
bids
sealed
William
—
until
will
Nov.
for
the
purchase of $15,000 dock improve¬
bonds.
Dated Nov. 1, 1947.
ment
Bonds
on
authorized
Oct. 31.
at
The bonds
inally offered
election
an
were
orig¬
Nov. 25.
Salem, Ore.
be
Offering—Sealed bids will
received
until
7:30
p.m.
on
Dec.
8, by Alfred Mundt, City
Recorder, for the purchase of
$44,127.77 improvement bonds.
Interest
to
rate
be
specified by
at not less than par
the
bidder,
and
accrued
tion
$500.
interest.
Denomina¬
Dated Dec. 1, 1947. Due
on
Dec. 1, $4,127.77 in
1948, and
$4,000 in 1949, while $4,500 ma¬
the
City
shall have the option to redeem
said bonds at par and accrued in¬
terest
at
any
time after three
years from the date of issue. Prin¬
cipal and interest payable at the
loch, Shuler & Sayre, of Portland,
issuance
of
Bonds
proved
site
on
the
general
Nov. 4 the voters ap¬
the
issuance
purchase
and
of
$325,000
construction
bonds.
City's
Revenues
Show
Steady
Increase—City income reached an
all-time
high
in the
first
10
months of 1947, at $96,992,211, an
increase of
$7,706,547 over the
same
period last year, according
to financial reports released by
Ralph W. Pitman, City Treasurer,
and W. Frank Marshall, Receiver
of Taxes.
registered
by current real estate taxes, which
brought in $43,385,446, an increase
of $4,079,532.
This, in part, was
due to higher real estate assess¬
was
ments.
to
the
city,
must
Income
the
from
Banks Township $ch. Dist.
(P. O.
receive sealed
Secretary,
will
24
$12,000 1, IV2,
2, 2l/z, 3, 3V?. or 4% school bonds.
-Denomination
$500.
A certified
check for $600 is
required.
of
and
the
rose.
The
man
said
of
10
months, Mr. Pit¬
the city had collected
its
1947
estimated
come.
in¬
Dated
Dec. 1, 1947.
De¬
$1,000. Due on Dec.
1, as follows: $2,000 from 1948 to
1958, and $1,000 from 1959 to 1964,
at
Bank,
the
check
Weakley County (P. O. Dresden),
Tenn.
Bond
Sale—The
cost of 2.63%.
callable
at
par
interest
on any
paying date.
These are the bonds
authorized at the election held on
Sept. 9.
Principal
(J-D)
payable at
bank
and
interest
any
suitable
$275,000
elec¬
tric revenue series 1947 bonds
of¬
both
1952,
certified
$1,000, payable to the
Treasurer, is required.
fered
inclusive,
National
A
for
Town
nomination
after Dec. 1,
First
Lexington,
Nov. 14—v. 166, p. 1939—
on
purchased by the Equitable
Securities Corp., at a net interest
were
Interest J-D.
Dated June 1,1947.
Due
serially on Dec
1, from 1949 to 1964, incl. The
approving opinion of Chapman &
Cutler, of Chicago, will be fur¬
nished the purchaser.
trust company
or
The opinion of Reed,
&
amount of the bonds bid
for,
city, is required.
able to the
Ross
neapolis, without post. No bids for
Co.,
less than par and accrued interest
will be considered.
A
certified
pay¬
for
Township (P. O. Pittsburgh), check
Pennsylvania
Bond Offering—Wade Winner,
Township Secretary, will receive
sealed bids until 8 p.m. (EST) on
Dec. 2 for the purchase of $135,000
general obligation coupon bonds.
Dated Dec. i, 1947. Denomination
$1,000. Due on Dec. 1, as follows:
$10,000 from 1948 to 1960, and
$5,000 in 1961. The township re¬
serves
the right to call for re¬
demption at par and accrued in¬
terest,
of
any or all
numbered from 51
numerical
verse
to
or on
on
than
bids until
and accrued inter¬
est will be accepted. The opinion
of Burgwin, Churchill & Ruffin,
of Pittsburgh, as to the validity
of the bonds, will be furnished
the purchaser.
A certified check
ISLAND
Island
(State of)
Offering — Russell H.
General Treasurer, will
Handy,
receive
sealed
Nov.
on
25
bids
for
until
the
11
a.m.
purchase
of
$1,000,000 Blackstone Valley
sewer
district
series
Dated
Jan.
1948.
1,
A
bonds.
Interest
J-J.
De¬
Due $50,000 on
1, from 1949 to 1968, incl.
Principal and interest payable at
the
office
of
Bidders
the
General
Treas¬
required to bid
a single rate of interest in a mul¬
tiple of V4 of 1%, and must be
urer.
the
same
are
for all of the bonds.
The
legal opinion of Sullivan, Dono¬
van
& Heenehan, of New York
City, as to the validity of the
bonds, will be furnished the pur¬
A certified check for $20,-
000, payable to the General Treas¬
urer,
is required.
on
Dec. 10 for the
ceed 3% interest bonds
ex¬
follows:
as
$1,000,000 rural elementary school
building, first series bonds.
Due
Jan.
on
$20,000
1,
from
follows:
as
1949
to
1953;
$30,000 from 1954 to 1958;
$40,000 from 1959 to 1963;
$50,000 from 1964 to 1968, and
$60,000 from 1969 to 1973, all
$10,000
from
1949
to
1953; $15,000 from 1954 to
1958; $20,000 from 1959 to
1963; $25,000 from 1964 to
1968, and $30,000 from 1969
to 1973, all incl.
Dated Jan. 1, 1948. Denomina¬
tion $1,000. Principal and inter¬
est (J-J) payable at the Chemical
Bank
&
Trust
Co., New York
City.
Rate of interest to be in
multiples of 1/10 or Vi of 1%, and
must
be
the
No
for
same
bid
for
all
Approved
the
of
than
less
and accrued interest will be
sidered.
par
con¬
bonds will be delivered at
a
time
place
mutually agreed upon
between the purchaser and the
county. A certified check for 2V/
of the
face value of the bonds
Hawkins County
(P. O. Rogersville), Tenn.
Bond Sale—The $522,000 school
bonds offered at auction
on
Nov.
18—v. 166, p. 1627—were awarded
to a group composed of the Amer¬
National
Bank,
Nashville
Securities Co., and J. C. Bradford
Co., all of Nashville, at a price
of 100.039, a net interest cost of
County School District
about 2.65%, as follows: $265,000
jNo. 20 (P. O. Charleston),
as 2y2s, due on April 1 from 1952
South Carolina
Offering—John
to
F.
Seig-
nious, Chairman Board of Trus¬
tees, will receive sealed bids un¬
$1,000. Dated Nov. 1, 1947.
April 1, 1949 to 1971;
bonds maturing in 1964 and sub¬
sequent are optional on April 1,
1963, or on any interest payment
Due
from
date
thereafter,
crued
interest.
1960
due
on
incl.
at par and ac¬
Principal and in¬
terest (A-O) payable at the Guar¬
anty Trust Co., New York City.
Legality to be approved by Chap¬
& Cutler, of
Chicago, and the
Attorney General of the State of
man
Texas.
The 2%% bonds mature
April 1, 1949 to 1963, while
from
the
3J/4%
bonds
due
are
from
April 1, 1964 to 1971.
incl., and $255,000 23/4S,
April 1 from 1961 to 1966
The bonds
are
Bonds
held
dated
Voted—At
Oct.
on
Oct.
1,
from
18
the
the
election
voters
ap¬
proved the issuance of $1,500,000
water and sewer bonds.
Andrews
Indep. School District,
Texas
Bond
Sale
tion
with
000
school
Details—In
the
sale
of
connec¬
the
$125,-
house
bonds to
the
Dallas Union Trust
Co., of Dallas,
as
reported in our Oct. 27 issue
166,
—v.
100.142,
1.6713%,
$50,000
1731—we
p.
the bonds
learn
sold at
were
a
net
as
a
interest
that
price of
follows:
iy2s,
as
cost
maturing
of
$5,000
Nov. 15 from 1948 to
1957,
and $75,000 as
on
l3/4s, maturing
Nov.
on
All
of
15, 1958.
said
bonds will be op¬
tional for
redemption, at par and
accrued
interest, five years from
Interest A-O. Dated Nov. 1,
date.
1947.
Avinger, Texas
is
required.
Charleston
Bond
sewer
bond? at prices
yield from 1.05% to 2.75%, ac¬
cording to maturity. Denomina¬
to legality
as
by Caldwell, Marshall, Trimble t
Mitchell, of New York, and a copy
of their favorable opinion will be
furnished
the
purchaser.
The
and
is offering
Alice, Texas
follows:
bonds.
Antonio,
works and
incl.
500,000 rural high school build¬
ing bonds. Due on Jan. 1, as
ican
SOUTH CAROLINA
San
tion
County (P. O. Nash-
noon
of
general investment $700,000
2%% and 3V4% coupon water¬
to
purchase of $1,500,000 not to
any
RHODE
the
ville), Tenn.
Offering—Litton Hickman,
County Judge, will receive sealed
par
Rhode
to
Bond
Dec.
Rate of interest to be in multiples
of % of 1% and must be the same
for all of the bonds.
No bids for
less
payable
TENNESSEE
1,
interest payment
date thereafter upon not less than
30
days' notice to the holders.
1952,
$1,500
Davidson
the bonds
135, in in¬
order
for
City Treasurer, is required.
Bonds Voted—At a recent elec¬
tion the voters
approved the issu¬
of
ance
$110,000 water
and sewer
bonds.
&
Coleman Indep. School
District,
Texas
Bond Sale—An issue of
$125,000
school house bonds has been
pur¬
chased by
Rauscher, Pierce & Co.,
of
Dallas,
from
the
subject
State
to
Board
a
of
waiver,
Educa¬
tion.
Decatur, Texas
Bonds
held
on
proved
Voted—At
Sept.
the
30
the
the
issuance
election
voters
of
ap¬
$33,000
sewer
refunding bonds.
1947
and
those maturing
Dec. 9 for the pur¬
1961 to 1966 incl. shall be callable,
Ector County (P. O.
$800,000 school bonds.
Odessa),
in inverse numerical
order, at par
Texas
Dated Jan. 15, 1948. Interest J-J.
and accrued interest on Oct.
Bond Sale—The $300,000
1,
Denomination $1,000. Due on Jan.
hospi¬
17
15, as follows: $30,000 from 1949 3952, or on any subsequent inter¬ tal bonds offered on Nov.
to 1958; $40,000 from 1959 to 1963, est payment date.
; —v. 166, p. 2044—were purchased
and $60,000 from 1964 to
by James, Stay art & Davis, of
1968, all
Lexington, Tenn.
Dallas. Dated Dec. 1, 1947. Prin¬
inclusive.
Bidders to name the
til
noon
chase
rate
are
on
of
or
rates of interest the bonds
to bear.
Principal and inter¬
est payable at the Chemical Bank
& Trust Co., New York
City, or
$3,689,216, as
either the Citizens
$3,511,301 in the
was
with
months of 1946.
96.83%
bids until Nov.
for the purchase of
1
rental
On the basis of total collections
Junedale), Pa.
District
Philadelphia
for
subway
Frankford elevated also
for the first
Bond Offering —Michael Stan-
scinsky,
the
Co.
Biroadway
same
PENNSYLVANIA
payable
63
designated
accepted.
TEXAS
Smith, Shaw by the purchaser. The purchaser
will be furnished with the approv-;
Abilene, Texas
McClay, of Pittsburgh, will be
Bonds Offered for Investment—
furnished the purchaser. A certi¬ ing opinion of Dorsey, Colman,
fied cheek for 2% of the principal Barker, Scott & Barber, of Min¬ A syndicate headed by Dittmar &
interest will be
prued
continued
compared
the bid.
No bids for less than par and acr
Income from the
total to Nov.
payable
accompany
the
the
City
Controller at option of the holder
at any time for registered bonds.
chaser.
biggest jump
made
furnished
of
nomination $1,000.
Transportation
be
office
Jan.
Philadelphia, Pa.
The
the
Bond
Voted—At
election
at
$300,000
Mt. Oliver School District, Pa.
successful
bidder. A certified check for 2%
of the par value of the bonds,
will
able
general
city wage tax
to
climb,
collections
reaching $23,622,105, a gain of
$2,058,979. Other sources pf rev¬
enue and their increases
compared
with the 1946 period follow:
State liquor tax, $9,425; amuse¬
ment tax, $1,249,908; water rents,
City Treasurer's office. Each bid-,
sewer
der is required to furnish a state¬ $105,438;
rents, $670,460;
ment of the net cost to the
city F parking lots, $19,346; coin ma-;
his bid is accepted. The approv¬ chines, $12,409, and documentary
ing opinion of Winfree, McCul- stamps, $35,386.
ture from 1950 to 1957,' incl.
$1,000. Interest pay¬
able J-D. Due $25,000 on Dec. 1,
from 1948 to 1967, incl. These are
part of an issue authorized at the
election' on Sept. 9.
The bonds
will be coupon bonds exchange¬
water system bonds.
Nov. 11 but the
on
sale
was
postponed due to an
oversight in scheduling the sale on
a
holiday. All bids received1 are
being held and will be opened on
Bond
the
bonds.
nomination
Nov. 4 the voters ap¬
on
proved
Due $3,000 from 1952 to 1956 incl.
bonds
Voted—At
election
Interest payable M-N.
The bonds
are being sold subject to the ap¬
proving
opinion
of
John
W.
Shuler, of Portland. These are the
(2155)
SOUTH DAKOTA
$2,700, payable to the town¬
ship, is required.
McKeesport, Pa.
F.
receive
25
Pittsburgh,' Pa.
for
Waldport), Ore.
Bond
CHRONICLE
>
on
ment coupon bonds.
Bond Offering—Sealed bids will
until
issue
Munson, of Philadelphia.
of
Glendale, Ore.
be received by the
Bids will
entire
Bond Offering—N. Leland Wit-
Approved—At
held
the
bid
son,
Bonds
for
interest, but
combining two different
rates will be accepted. Registered
a.s to principal only. The bonds
are issued subject to the favorable
opinion of Townsend, Elliott &
any
no
Echo, Ore.
tion
received
at
Downingtown School District, Pa.
OREGON
FINANCIAL
Bond Offering—Edward R.
Frey,i
Estelline, S. Dak.
Secretary
Board
of City Comptroller, will receive
Bond Offering—A. J. Lundberg,
School
Directors,
will
receive sealed bids until 10 a.m. on Dec. 1
City Auditor, will receive sealed
sealed bids until 8 p.m. (EST) on for the
purchase of $500,000 not to bids until 8
p.m. on Nov. 24 for
Dec. 11 for the purchase of $63,exceed 4% interest general public
the purchase of $28,000 not to ex¬
000
funding
and
improvement improvement of 1947, series A
ceed 3%
interest sewer coupon
coupon bonds. Dated Dec. 1, 1947.: bonds.
Dated Dec. 1, 1947.
De¬
the District
Norman), Okla.
,v
&
Schmied,
be
Details—In
tion with the sale of the $150,000
bonds to C. Edgar Honnold, of
Oklahoma
.
COMMERCIAL
Collingdale School District, Pa.
Bond
O f f c r i n g—Charles F.
multiples of Vs of 1%.
Shawnee, Okla.
Bond
THE
Number 4649
166
and Southern
National Bank of South Carolina,
or
the South Carolina National
Bank
of
Charleston,
both
of
Charleston.
furnished
opinion
of
The purchase will be
with
the
approving
Huger
Sinkler,
of
Charleston, as to the validity of
Bond Offering — W. L. Brown,
Town Recorder, will receive sealed
bids until 7 p.m. (CST) on Dec. 2
for the purchase of $22,000 not to
exceed
3%
interest
provement bonds.
1947.
street
Dated
im¬
Nov.
1,
Interest M-N. Denomination
$1,000. Due on Nov. 1, as follows:
$2,000 from 1950 to 1952; $3,000
from 1953 to 1956, and $4,000 in
1957.
Rate
of
interest
to
be
in
cipal and interest
at
the
State
(J-D)
Treasurer's
payable
office.
The
&
approving opinion of Dumas
Huguenin, of Dallas, will be
furnished the purchaser.
Ector
County,
County Indep.
School District
(P. O.
Odessa), Texas
Bond
Offering—Murry H. Fly,
Business
sealed
Manager,
bids
will
receive
until 7 p.m. on Dec.
multiples of V4 of 1%, and no bid
study the
4 for the purchase of
bonds.
$1,600,000
These are the bonds shall specify more than one inter¬
of the $1.07,889,155
municipal
authorized at the election held on est rate. No bids for less than par school house
building and im¬
budget for 1948. This is the high¬
will be considered.
The approv¬ provement coupon bonds. Dated
A certified check for
est in the city's history and rep¬ Nov. 11.
ing opinion of Chapman & Cutler, Dec. 1, 1947. Denomination $1,000.
resents an increase of $3,1Q3»360 $16,000, payable to the Board of
of Chicago, will be furnished the Due on Dec. 1, as follows:
$55,000.
over the 1947
figure.
Trustees, is required.
.purchaser. Principal and interest in 1948; $57,000 in 1949; $58,000
City Council has started
a
64
THE
(2156)
*
<—-
in
1950; $60,000 in 1951; $62,000
1952, $63,000 in 1953; $65,000
$67,000 in 1956;
$69,000 in 1957 and 1958; $74,000
from 1959 to 1961; $75,000 in 1962;
$80,000 in 1963; $86,000 in 1964;
$87,000 in 1965, and $180,000 in
in 1954 and 1955;
and
Bidders
1967.
are
re¬
the rate of interest
or combination of rates, limited to
three rates, that the bonds are to
bear and to be expressed in mul¬
tiples of V4 of 1%. The District
will furnish the printed bonds, the
approving
opinion
of
McCall,
Parkhurst & Crowe, of Dallas, and
quired to
name
Indep. School District,
Houston
Bond
cial election held
Nov. 15. Prin¬
on
cipal and interest (J-D) payable
at any bank designed by the pur¬
chaser. A certified check for $16,1*00 payable to the School District,
is required.
Offering
Business
—
Manager,
H.
L.
will
,
Mills,
receive
Bond Sale—The
on
Dec. 12 at his office at 1600 Wash¬
Houston, for the
purchase of the following not to
ington Avenue,
exceed 3% interest bonds:
$5,004,000
school
bonds
(First
Proposition). Due $834,000 on
Jan. 10, from 1949 to 1954,
incl.
FINANCIAL CHRONICLE
school
bonds
(Second
Due on Jan. 10,
as follows:
$834,000 in 1949
and 1954, and $833,000 in 1959,
1974.
10, 1948. Denomina¬
tion $1,000. Principal and interest
(J-J) payable at the Central Han¬
over Bank & Trust Co., New York
City, or the First National Bank,
Houston. These bonds are part of
1964,
18—v.
166,
p.
1835—were purchased by a syndi¬
cate composed of
June 14.
Bonds
according to first
proposition, but not
both, and bidders may bid for
either proposition or for an alter¬
native proposition.
Bidders are
requested to name rate or rates
second
Bonds Voted—The City Secre¬
tary states that $130,000 swim¬
ming pool bonds were approved
by the voters at a recent election.
$46,000 maturing on Nov. 1,
$11,000 in 1969 and 1970, and
$12,000 in 1971 and 1972.
ceived
were
Rejected — All bids
the $750,000 not
re¬
for
to
hospital bonds
of
Directors
of
Chemical Cor¬
County
Sinton),
Bond
Sale
O.
(P.
Texas
Details—In
poration has declared
a quar¬
terly dividend of Twenty-five
cents
($.25)
per
share
on
its
capital stock, payable Decem¬
31,
1947,
to
stock¬
holders of record at the close of
business December
M. C.
10, 1947.
Roop, Secretary
Baltimore 3, Md.
November
20, 1947
for redemption
L CORPORATION
are
optional
prior to maturity
May 1, 1958, or on any interest
payment date thereafter, in in¬
on
verse
jpTHE DAVISON CH[H
bonds
numerical order. Dated Nov.
1, 1947. Interest M-N. Denomina¬
tion $1,000. Principal and interest
payable at the Mercantile Na¬
tional
Bank, of Dallas.
These
visions,
1950,
Nov.
2s, at
as
terest
J-D.
from
next
17—v.
100.428,
1948
Mt.
166,
to
1967
bidder
learn that the bonds
we
at
a
cost
were
Bank,
$500,000 as 2s, maturing on Sept.
1, $100,000 from 1948 to 1952,
and $1,000,000 as 2V2S, matur¬
ing
$100,000 from 1953
to
1962, both inclusive.
3 %%
to 33/8s.
Tyler, Texas
Bond
Election—At
an
1,
a
incl.
was
Hope, W. Va.
Bond Sale—An issue of $140,000
revenue
bonds was pur¬
chased
recently by
Cincinnati.
Co., of
Widmann
&
basis
WISCONSIN
Milwaukee County (P. O.
The
Milwaukee),
Alex
Wis.
Bond Offering—C. M. Sommers,
Sons, Peoples National
County
Charlottesville, and C. F.
Co., jointly, for 2.10s, at
Treasurer/
will
sealed bids until 10
receive
(CST)
a.m.
bonds,
pon
WASHINGTON
follows:
as
$2,300,000 veteran housing bonds.
County, Washougal Console
Due on Feb.. 1, as follows:
idated School District No. 12
$140,000 in 1949 and 1950, and
(P. O. Vancouver), Wash.
$840,000 from 1951 to 1953
Bond Sale—The $60,000 school
incl.
bonds offered on Nov. 17—v. 166,
1,400,000 park bonds. Due on Feb.
p. 2044—were purchased by the
1, as follows: $70,000 in 1949
Washington
National
Bank,
of
and 1950, and. $420,000 from
Vancouver, as 2s, at a price of
1951 to 1953 incl.
Clark
100.333.
1,300,000 airport bonds. Due on
Feb. 1, as follows: $65,000 in
1949 and 1950, and $390,000
Longview, Wash.
Bond Sale—The $900,000 water
revenue
refunding bonds offered
on Nov.
13
v.
166, p. 1940 —
were
purchased by a syndicate
from
1951
to 1953 incl.
Dated Jan. 1,1948.
—
in
multiples
of'
$1,000 as desired by the purchaser^
Registerable as to principal only..
Rate of interest to be in
multiples;
of J/i or 1/10 of 1%, and must be-
Commerce, Blyth & Co., both of
Seattle, Pacific Northwest Co., of
Seattle, First National Bank, of
Portland, Foster & Marshall, Wil¬
liam P. Harper & Son & Co., both
of
Spokane, Bramhall & Stein,
Harold H. Houston, & Co., both
of
Seattle,
Paine-Rice
&
Co.,
of Seattle, Atkinson-Jones & Co.,
the
for
same
all
of
the
bonds..
County, in New York City.
County will furnish the pur¬
The
Tripp Co., both
Portland, the only bidder, at a
price of 100.045, a net interest cost
of 2.621%, as follows:
chaser
of
with
the
legal opinion of'
Cutler, of Chicago,.
deposits are required with the
Chapman
No
&
bids.
$614,000 as 2V^s, maturing on Dec.
1, as follows: $29,000 in 1948,
$30,000 in 1949, $31 000 in
WYOMING
Carbon
County Sch. Dist. No. 3
(P. O. Rawlins), Wyo.
1950, $32,000 in 1951 and 1952;
$33,000
in 1953, $34,000 in
1954, $35,000 in 1955, $36,000
in 1956, $37,000 in 1957, $38,-
election
000
construction bonds.
in
■*.
Bonds Voted
proved
1958,
$39,000 in 1959
and 1960, $40,000 in 1961. $42,in 1962, $43,000 in 1963,
$44,000 in 1964; and $286,000
as
23/is, maturing on Dec. 1,
follows:
as
NEW
in
1965;
$46,000
in
1966; $47,000 in
1967; $48,000 in 1968; $49,000
in 1969, and $51,000 in 1970.
$45,000
Seattle, Wash.
L. Collier,
$1,000
Call—H.
1917.
inclusive, dated Jan. 1, 1943,
by Ordinance No.
called for payment on
Jan.
1, 1948, as provided in said
bonds, and payment of said bonds
be
made
date, at
par,
on
upon
and
after
said bonds will
15,
Prin¬
The debentures of this is¬
non-callable prior to
are
ma¬
turity.
Legal opinion to be fur¬
nished by Daly,
Thistle, Judson &
McTaggart,
Halifax.
Definitivedebentures, when aavilable, will
be ready for delivery on or about
presentation at
Agency of the State, in
Chemi¬
on
Nov.
sue
the City of New York, the
cal Bank & Trust Co.
Interest
Dated
Nov. 15, 1968.
holder.
said
the office of the City Treasurer, or
the Fiscal
$500.
on
Fredericton, Montreal,
Toronto,
Winnipeg,
Regina,
Calgary
or
Vancouver, at the option of the-
amended
will
and
Due
cipal and interest (M-N 15) pay¬
able in lawful money of Canadain the Cities of Halifax, Charlottetown,
Saint John, Monet on,.
issued under Ordinance No. 64065,
are
coupon
sinking fund debentures is being
offered by a syndicate headed
by
the
Dominion
Securities
Corp.,..
Ltd., for general investment,,
priced at 99.50 and interest, to
yield about 3.03%. Denominations;
City
Treasurer,
announces
that
the
Municipal Light and Power Bonds,
1933, Series LR-6, Nos. 1 to 7,000,
72399,
(Province of)
Bonds Offered for Investment—
An issue of $5,000,000 3%
Seattle.
both
At the general
BRUNSWICK
New Brunswick
Dated Dec. 1, 1947. Interest J-D.
Approved as to legality by Pres¬
ton, Thorgrimson & Horowitz, of
Bond
—
Nov. 4 the voters ap¬
the issuance of $600,000*
on
CANADA
000
on
the
Principal and interest payable at.
the office of the
County Treas¬
urer, or at the fiscal agency of
and the Charles N.
as
Interest F-A..
Denominations
composed of the National Bank of
Dec. 1, 1947.
cease
Jan.
QUEBEC
1, 1948, and all coupons
representing interest subsequently
accruing will be void.
Noranda, Que.
Bonds Offered for Investment—
election
Washington Toll Bridge Authority Public offering is being made by
Credit Interprovincial,
(P. O. Olympia), Wash.
Ltd., Mont¬
will
consider
the
issuance
of
Bond Sale
The $3,650,000 real, of $625,000 3% serial deben¬
$150,000
street
improvement
tures, priced at from 100.00 to
Longview
toll
bridge
revenue
bonds.
bonds offered on Nov. 17—v. 166, 96.75, according to maturity. Dated
Aug. 1, 1947. Due on Aug. 1, from
Wharton, Texas
p. 1732—were purchased by a syn¬
.1948 to 1972, incl.
A certificate
Bond Election—At the election dicate composed of John Nuveen
,
to be held
on
Nov. 25 the
voters
—
to
be
will
held
on
Dec.
1
the
consider the issuance
following
system
bonds:
bonds;
voters
of the
$200,000
$150,000
000
tion
sewer
&
Co., of Chicago, B. J. Van Ingen
Co., of New York, Foster &
Marshall, Pacific Northwest Co.,
&
sewer
Wm. P. Harper & Son & Co., and
water
Hartley Rogers & Co., all of Seat¬
tle, at 99.04, a net interest cost of
works improvement bonds;
$60,-
bonds; $50,000 fire sta¬
bonds; $50,000 street bonds,
and $40,000 water works bonds.
-
on
Dec. 8 for the purchase of
$5,500,000 not to exceed 2% interest coil*
100.024.
sold
price of 101.256, a net interest
of 2.2804%, as follows:
Dec.
water
Cassell &
both
of Dallas, jointly, as reported in
our Nov. 3 issue—v. 166, p. 1836—
&
■
WEST VIRGINIA
Va.
Dated Dec. 1, 1947. In¬
Due serially on Dec.
highest
beginning with
certain terms..
on
$307,000 airport
1940—were purchased by Estabrook & Co., of New
York, and
F. W. Craigie & Co., of Richmond,
Columbian Securities Corp.,
31/4%
of said
on
-
contain optional redemption pro¬
p.
Brown
from
water and sewer
bonds. Due on May 1, as fol¬
lows:
$10,000 from 1959 to
1962; $15,000 from 1963 to
1967, and $65,000 in 1968.
120,000 2y2% water and sewer
bonds. Due on May 1, as fol¬
lows:
$15,000 from 1949 to
1952, and $10,000 from 1953
; to 1958, incl.
All
Bond Sale—The
1
connec¬
election
VIRGINIA
tion with the sale of the $1,500,000
road bonds to Russ & Co., and the
•
$180,000
an
scheduled for Nov. 29.
imum interest rate and maturity,
tax limit and debt limit.
—were
bonds:
mitted to the voters at
of 1.955%.
Patricio
7
The Board
Texas
jointly,
rejected.
San
J-D. The approve
ing opinion of Chapman & Cutler,
of Chicago; will be furnished tbe
purchased No other bid was received for the bonds. These bonds
Bond Election—The issuance of
bonds offered
Texas
exceed 3% interest
Interest payable
County Road District
(P. O. Floresville),
No. 7
County (P. O. Amarillo),
purchased by a syndicate
composed of the Crummer Co.,
Inc. of Texas, First Southwest Co.,
Texas City Indep. Sch. Dist., Texas
Dated Nov. 1, 1947.
Principal Rauscher, Pierce & Co., all of
Bond Sale—The $1,400,000 school
Dallas,
Columbian Securities
and interest (M-N) payable at the
house bonds offered on Nov. 18—
Central Hanover Bank & Trust Corp., of Texas, of San Antonio,
v.
166, p. 1836—were purchased
Co., New York. The next highest McClung & Knickerbocker, City
by the Texas City National Bank
bidder was the Union Securities National Bank, Rotan, Mosle &
of Texas City, Milton R. Under¬
Corp., New York; B. J. Van Ingen Moreland, all of Houston, and Roe wood &
Co., of Houston, and As¬
& Co.; R. D. White & Co.; Donald & Co., of San Antonio, at a price
sociates, at par, as follows: $497,MacKinnon & Co., and Ellis & of 100.0006, a net interest cost of
000 as 3s, maturing on Dec.
1,
Co., jointly, for $636,000 as 2V4S, 2.972%, as follows:
$3,000 in 1948; $13,000 in 1949;
and $614,000 as 23/4s, at a price of $750,000
water works improve¬ $15,000 in 1950; $11,000 in 1951;
ment bonds.
Par.
$13,000 in 1952; $18,000 in 1953;
200,000
sewer
improvement
Grand Prairie, Texas
$22,000 in 1954; $12,000 in 1955;
bonds.
$20,000 in 1956; $18,000 in 1957;
Bonds Voted—At the general
200,000
street
improvement $23,000 in 1958;
$22,000 in 1959
election on Nov. 4 the voters ap¬
bonds.
and 1960; $19,000 in 1961; $26,000
80,000 public building bonds.
proved the issuance of $150,000
in 1962 and 1963; $31,000 in 1964;
30,000 storm sewer bonds.
$30,000 in 1965; $77,000 in 1966;
sewerage disposal bonds; $150,000
Dated Nov. 1, 1947. Due serial¬ $76,000 in 1967, and
$903,000 as
street improvement bonds; $50,000
ly on Nov. 1, from 1948 to 1970 33/4S, maturing on Dec. 1, $87,000
sewer extension bonds, and
$50,- inclusive.
Principal and interest in 1968; $90,000 in 1969; $94,000
000 water extension bonds.
payable at
the
First National in 1970; $96,000 in 1971; $100,000
Bank, Midland.
The approving in .1972; $103,000 in 1973; $107,000
opinion of McCall, Parkhurst & in 1974; $111,000 in 1975; and
DIVIDEND NOTICE
Crowe, of Dallas, will be fur¬ $115,000 in 1976. Dated Dec. 1,
nished the purchaser.
1947. Interest payable J-D. Fridley & Hess, and the J. R. Phillips
Odessa, Texas
Investment Co., both of Houston,
Bonds Publicly
Offered — The
jointly, offered to act as agents
i/M
Columbian
Securities
Corp.
of
for the district and to undertake
Texas, of San Antonio, is offer¬
to sell the bonds at interest rates
ing for investment the following
The Davison
Wilson
Newport News,
Potter
Bear, Stearns &
of New York;
Commerce of interest which the bonds are to
Union Bank, of Nashville; Detmer bear but not more than three rates
Ik Co., of Chicago; Roosevelt & of interest and do not split inter¬
Dated
Sept. 1, 1947. Interest
Cross, of New York; Fahey, Clark est rates on a single year's ma¬
& Co.; National City Bank, both turity, and the premium if any. M-S. Principal and interest pay¬
of Cleveland, and Moss, Moore & The bonds will be delivered FOB, able at the Central Hanover Bank
& Trust Co., of New York. These
Co., of Dallas, at a price of par, a Houston, and will be accomplished
net interest cost of 2.58076%, as with the approving opinion of the are the bonds authorized at the
election
held
on
July 26. Ap¬
follows:
Attorney-General of Texas, and
proved as to legality by McCall,
$1,000,000 water works, series 79 Wood, King & Dawson, of New
Parkhurst & Crowe, of Dallas.
York City. The opinion will state
bonds.
$808,000 as 2%s, ma¬
that the bonds are legal and gen¬
turing on Nov. 1, $32,000 in
Shelby County Road District No. 1
eral
binding obligations of the
1948 and 1949; $34,000 from
(P. O. Center), Texas
district.
A
certified check
for
1950 to 1952; $36,000 in 1953
Bonds Voted—At the election
$100,080, payable to the school
and 1954; $38,000 from 1955
on
Nov.
1
the voters approved
to 1960; $40,000 from 1961 to district, is required.
the issuance of $25,000 road im¬
1963; $42,000 in 1964; $44,000
Live Oak County (P. O.
provement bonds.
in 1965 and 1966; $46,000 in
George West), Texas
Texas (State of)
1967 and 1968, and $192,000 as
Bonds Not Voted—In connec¬
Local Debt Authority Analyzed
2%s, maturing on Nov. 1, tion with a notice which
appeared
The First of Texas Corporation,
$46,000 in 1969; $48,000 in in our Nov. 10
issue—v.
166,
1970 and 1971, and $50,000 in
San Antonio 5, has just prepared
p. 1939—that the voters approved
1972.
and will furnish upon request, a
the
issuance
of $1,000,000
road
250,000 agricultural and livestock bonds at an election held on pamphlet setting forth the legal
exhibit
building,
series
77 Nov. 1, we now learn that the authority, tax limitations and debt
limitations
of
Texas
bonds.
municipal
$204,000 as 2V2S, ma¬ bonds were not approved.
bonds.
The data shows for each
turing on Nov. 1, $8,000 in
Midland, Texas
type of local unit, the purpose for
1948; $9,000 frdm 1949 to 1956;
Bond Sale—The $1,260,000 bonds which bonds may be issued, the
$10,000 from 1957 to 1964;
$11,000 from 1965 to 1938, and offered on Nov. 18—v. 166, p. 2044 appropriate legal authority, max¬
Co.,
ber
Monday* Novemb6r^24j
$132,500 road bonds will be sub¬
Pelly, Texas
1969 and
on
elec¬
on
Oct. 21.
Approved
legality by McCall, Park¬
hurst & Crowe, of Dallas.
Dated Jan.
the issue voted
an
held
Bids
Proposition).
authorized at
to
as
/
5,000,000
or
$1,250,000 bonds
Nov.
were
sealed bids until 11 a.m. (CST) on
will be awarded
Fort'Worth, Texas
bonds
tion
Texas
deliver the bonds at the American
National Bank, Austin. These are
the bonds authorized at the spe¬
■offered
&
emmmmmmmmmrnmmlmmmmmmmmmmmmmmmmmmmmmsmmmUSmmmmsSmmmmmmmmmmmmssSSmSPaB
in
1966
COMMERCIAL
mtmmmm—
3.22%,
as
follows: $1,400,000
ma¬
of the
Minister of Municipal Af¬
fairs will appear on each bond as
to their legality.
was
Delivery
set,at about Nov. 18.
~
**
Ville-Marie, Quebec
Bond Sale—The $33,000 3% im*
provement bonds
turing on Dec. 1, 1977, as* 3V2s,
and $2,250,000 as 3s, maturing on
the-counter, at
Dec. 1, 1977.
1977, incl.
Dated Dec. 1, 1947.
date
1947.
Due
were
par.
sold
over-
Dated Nov. 1,
serially from 1948 to
I
@FedFRASER